2022/08/22 (060) Column

Incredible Incident In Our Federal Chancellery,
What I Can’t Leave Behind Without Any Comment!
European Shares On Track For Worst Day In A Month,
While DOW Future With A Bloodbath, On Week Start!


Incredible Incident In The Federal Chancellery Last Week,
Which I Don’t Want To And Can’t Leave Behind Without A Comment

During his visit to Berlin on last Tuesday afternoon, Palestinian President Mahmoud Abbas accused Israel of a “Holocaust” against the Palestinians. “Israel has committed 50 massacres in 50 Palestinian towns since 1947 to this day,” Abbas said at a joint press conference with our german federal chancellor Olaf Scholz in the Chancellery on Tuesday. “50 massacres, 50 holocausts,” he added. Scholz followed the statements without batting an eyelash – I don’t want to interpret his silence. And try to this today. Almost a week later, I still can’t believe that our chancellor (didn’t) react the way he just (didn’t) react. And I say that as an outspoken, conservative, freedomloving friend of Jews, with Croatian citizenship. Born here in Stuttgart, my home country Germany. And friend of the State of Israel. And also supporters of his candidacy as Social Democrat German Chancellor; after 16 years Merkel would be politically just too much, even for a conservative freedomlover like me. Too green – too left. “Then I’ll support The Greens & Social Democrats, who can then bid a new federal government with the FDP (our liberals in Germany)!?” I truly thought like this to myself last year, 2021. But such a reaction? That will not do! Politically, that’s just too much for me! Especially since Trump was insulted as a National Socialist here in Germany, even though his daughter-in-law is Jewish. As a baptized Christian, he concluded a peace treaty with the Jews in Israel and/or Arabs in Morocco, Bahrain and also the UAE. And there such a (not) reaction? It still makes me choke to this day when I think about it! And in retrospect, I want to once again praise our conservative opposition leader for his immediate criticism. He wrote on Twitter, already on Tuesday evening, when this story, honestly written, completely passed me by because I simply didn’t watch German TV for a short time. “An unbelievable event in the Chancellery”. The chancellor “should have contradicted the Palestinian president in no uncertain terms and asked him to leave the house!” he argued. Yes, that’s right! And if he hadn’t gone, then he could have given him his hand and gone himself. That would have style, format. And would have been more than worthy of a German chancellor, given the history of our political ancestors. And would make more and/or less 80.000.000 german citizens (un)outspoken proud.

Our Chancellor Scholz is hardly criticized in the German media.
His press spokesman, on whose instructions he is said to have acted, is primarily responsible.
Excuse me, Mr. Federal Chancellor, but if your fuzzy doesn’t know any better in some moments, then you, yes you, can, then you, yes, you, even if not discussed before, yes you have instinctively, emotionally and rationally determine how things are going in our Federal Republic! And it doesn’t work! And that didn’t work, excuse me! The Israeli media are criticizing our Chancellor even more severely. He “failed miserably” in his most recent test, writes the Haaretz newspaper, for example. And the popular newspaper Yedioth Achronot headlined on Thursday: “Abbas spreads poison, Europe financed.” The newspaper is thus alluding to the European aid funds that, from the Israeli perspective, benefit Palestinian terrorists and Palestinian textbooks with anti-Semitic depictions. At the center of Israeli criticism, however, is not only Scholz, but also Abbas. And rightly so! After all, he compared the murder of 6 million Jews – the Holocaust – with 50 massacres, 50 holocausts! So 300 million dead Palestinians, if I put together ABC and/or 123 correctly and/or added them up!? It’s always the same with nationalists, with socialists, with republicans, and or also with democrats who don’t want to cheer with Jews – and/or Jews don`t want to cheers up with they!

Acting Prime Minister Lapid called the Palestinian President’s claim that Israel committed 50 holocausts not only “a moral disgrace but also a blatant lie”. And Defense Secretary Benny Gantz called Abbas’s words “contemptible and wrong”. His statement was an attempt to “distort & rewrite history”. With his relativization of the Holocaust, Abbas has also sparked an inner-Israeli controversy. Gantz is at the center because he met with Abbas in July to coordinate security issues with him. You don’t do that with “Mother Teresa,” Gantz defends himself against the accusation that he negotiated with a Holocaust denier in the summer. For former Prime Minister and opposition leader Benjamin Netanyahu, putting the Holocaust into perspective is a clear, unmistakable thing. No quests about it! No doubt! He urged Gantz and Lapid to “stop sucking up to this Holocaust denier.” And added, as a reminder, that his isolation of the Palestinian leader during his reign had been successful, leading to four historic peace deals with Arab states. With that he was referring to the Abraham Agreement, which was politically organized by Donald J Trump; which initiated diplomatic relations with the United Arab Emirates, Bahrain and Morocco with Sudan.

European Shares On Track For Worst Day In A Month

European shares extended losses on Monday afternoon, with the Dax sinking more than 2% and the Stoxx 600 nearly 1%, and on track for their worst day in more than a month, with autos leading the losses. Concerns over more aggressive Fed rate hikes and the ECB resurfaced, with the Bundesbank chief Joachim Nagel saying during an interview with a German newspaper that given high inflation, further interest-rate hikes must follow.

Wall Street Extends Selloff

The Dow lost over 300 points on Monday, and the S&P 500 and the Nasdaq lost 1.2% and 1.3%, respectively, as investors reassessed the outlook for monetary policy following hawkish remarks from several Fed policymakers last week. Money markets are pointing to expectations that the Federal Reserve will raise its key interest rate by another 75 bps in September, with attention turning to Fed Chair Jerome Powell’s speech at the central bank’s annual Jackson Hole economic symposium. High-growth and technology companies remained under heavy selling pressure, with Microsoft, Amazon, Alphabet, Facebook, Tesla, and Apple, trading deep in the red.DEVISE 2 DAY Another 48 Hours – Where I Was Wrong, Where I Was Right

Long in the USDX (since 02/14/2002) around 96 points and/or also long MSFT (since 03/07/2022) around 285 USD are meanwhile our only two open long trading capabilities. In addition to our last long in the Dow Future at 31.140 (since 07/11/2022). After we realized our lost long FB trading capability (from 02/17/2022) end of june`22 with painfully 48 USD. Fortunately, MSFT stock had turned above our stop at 240USD. Since the start of last week i formulated a short trading capability also. So that we have 4 financial market price actions on play, this week! USDX long; MSFT long; DOW Future; and/or UKOIL short.

This week I will again put my main focus on the UKOIL price action. And not just due to the fact that oil is trading below 100$ again. And for me, admittedly also due to the weaker than expected economic figures from China last week, it is primarily due to war fatigue in relation to the war in eastern Ukraine. So I think the panic up, the war surcharge, is if you will, out of the UKOIL, under 100 USD! Even if no new agreement is negotiated with Iran in Vienna. I don’t think that the market, even the majority of market participants, will price in such high oil prices again for the upcoming winter. If I am not mistaken, the market already did that until the summer of 2022, which is just about to end. And that`s why is the UKOIL short trading capability still in every 4XSetUp technical analysis this week.In the DOW Future we will take profits at latest at 33.500 points above, if the price actions falling furthermore. So that we secure at least some profits. Because the US stock market has already risen very strongly on Wall Street. For many, much too fast and/or much too sharp. So from a psychological point of view, I’m actually secretly quite confident that the price market should hold at 33,500 points. And if not, not bad either. We will still be able to trade the DOW Future in the coming week, coming months, quarters and also years, if we want. And no market guy has ever died from taking profits, after realizing open trading positions! On the contrary. Better treat yourself. Maybe even buy your wife something. And/or something your children too! That’s why we trading, positioning or investing in the financial markets! Isn`t it?I am meanwhile assuming that the Fed will raise interest rates by up to 4% by the end of the year. At next three regular meetings of the FED, they will may be increase their key interest rate by 50 basis points. Which should push the 10-year up to over 4% and sustainably conservative the USDX above USD 110. And that too, if the US economy goes into recession in the second half of the year; because of 2 negative in the next two quarters 2022 ahead of us. The key question I ask myself about this future exceptation is: „How will the wallstreet, the us stock market, reacting?“ I dont know! So I’m keeping a low focus on the US stock market this week. And focus myself, on the UKOIL. I hope to read, hope to analyze, hope to evaluate (no) new information next weekend, after the FED meeting in Jackson Hole. And then to be able to formulate a promising 4XSetUp for you again…