2022/08/17 (057) Column

Trump`s Most Famous Critic Cheney Loses Primary
DAX Falls In The Course Of The Day So Far
While European Stocks Retreats
After Bad UK Inflation


Trump`s Most Famous Critic Cheney Loses Primary

Hardly anyone argued against our former US President Donald J. Trump more sharply than Congresswoman Cheney – even if both still see themselves as US Republicans. Ever since Trump was in the White House, let alone being elected out of it, she’s been trying to sabotage Trump’s influence among US Republicans. Now she has scored her big defeat. The most famous and/or most influential inner-party critic of our former US President Donald J. Trump, Liz Cheney, will no longer be a member of the US House of Representatives from January 2023. She lost the primaries in her home state of Wyoming against her internal party opponent Harriet Hageman. Who was and is an outspoken supporter of Trumps politics. In a speech last night (Tonight European time), Cheney admitted defeat but stressed that her political career is not over. The outcome of the primary is “the first step in a much bigger fight,” she said. She urged: “Let us decide that we will stand together – Republicans, Democrats and independents – against those who want to destroy our republic.”

Let me say a few personal words about the upcoming 2022 US Midterm Elections.
The survival of democracy that the US Democrats propagate like an imminent demise of the world is not imminent! If anything, then at most, if the US voters should decide so, the demise of the current US Democratic Party. And that is not the responsibility of Donald J. Trump and his supporters. In addition, I, as a German Croat, definitely count myself among as a trump supporter. Because even as a non-American, I can fully support his fundamental domestic policy, and/or foreign policy as well: God, family, love of homeland – in other words, even patriotism, safe homeland borders; Energy Independence – that means producing more that can be consumed in order to prevent inflation from arising in the first place; low inflation; high wages; strong Wall Street; do not start wars; outspoken friend of the Jews and the State of Israel, as already proven with the Abraham Agreement. And what has Sleepy Joe, with his US Democrats, organized politically in the last two years? The opposite of what Donald J. Trump stands for! The opposite, which the majority of US Republicans are now apparently backing: illegal immigration; crime; higher green consumer prices and green taxes, such as electricity for homes and/or gas for cars, because of a left-wing green deluded political ideology; high inflation not seen in 40 years; no wage increases; restarted wars, due to a lack of foreign policy presence and incompetent influence, as in eastern Ukraine, which was attacked by Russia; and last but not least, a nuclear agreement with the Iranian government, which has publicly spoken out in favor of the annihilation of the Jews, and/or their state of Israel. I can’t eat as much as I want to throw up. If I look back and think about the politics of the US Democrats over the last two years. And remember the time when Donald J. Trump was still in the White House! I don’t know if you feel the same way as me? But wasn’t it the best political time that I, as a friend of the USA, could experience from the outside, worldwide? Isn’t that how you feel also?

But le us coming back to Cheney, she reminds me a bit of my sister.
Don’t get us wrong! My sister is the best sister in the world. Also a real Patriot, God, Family, etc. etc. But she simply doesn’t want to and/or can’t accept that her beloved papa simply organized wrong politics in retrospect over the last few decades. And there we are again with my sister, with me, with my dad. Although he didn’t have Cheney as his last name. But he was also an outspoken Bush supporter throughout his whole life. Well-intentioned militant missions abroad – but the USA and their American friends and partners (mainly in NATO uniform) are simply not welcome in most countries around the world. They just don’t expect to be saved by the usa. And that’s where Trump hit a nerve in foreign policy by seeing himself, so to speak, as a conservative, freedom-loving right-wing patriot president. As a right-back, any team sport, to use a metaphor. Even #MAGA „Make America Great Again“ And that´s why let’s take Cheney’s words seriously. And by that I mean not only Trump supporters, but also all former Bush voters. And also all rhinos, the so-called RINO’s, which are sometimes despised by dissenting US Republicans, like me at times. And that’s only because many of my US readers and friends, on some political issues, felt that I wasn’t truly Republican in my views and actions. Not taking typical wide-legged Republican positions, acting more like a career-crazed member of the Democratic Party. Because I’m only keen on clicks for my DEVISE 2 DAY Financial Market Online Newspaper. And don’t put the interests of my readers, i.e. your money, in the foreground.

Be that as it may, all my readers, not only but above all in the USA. I can’t and don’t want to be more than myself, i.e. myself: 100% informative, 100% best of my knowledge & belief, 100% commercial. So let’s take Liz Cheney at her word: “Let us decide that we will stand together – Republicans, Democrats and independents – against those who want to destroy our republic.” 

Dax Falls Before Fed Minutes
– 14,000 Point Hurdle Still Too High

The 14,000 point mark on Wednesday proved to be too high a hurdle for the Dax. The leading German index was well below that at 13,847.44 points around noon, recording a minus of 0.45 percent. The day before he had at times approached the round mark up to a good 50 points.

European Stocks Retreat
On This Wednesday Morning After Bad UK Inflation

European bourses came under pressure on Wednesday, with the regional STOXX 600 and the domestic DAX 40 falling 0.4% and 1.1%, respectively, as investors digested a slew of disappointing economic reports while awaiting the FOMC minutes release later in the day. On the data front, the annual inflation rate in the UK increased to another 40-year high of 10.1 percent in July of 2022, well above analysts’ expectations, intensifying the squeeze on households. On top of that, economic growth in the eurozone was revised lower to 0.6 percent in the second quarter of 2022, with surging inflation denting domestic demand.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. And we now have a small booking gain again. Although our long trading capability in the Dow Future is even bigger, it has already left our target of 33,500 points last week. So that we in this trading capability let our position continue also. And tighten our stop to 33.500 points. So that we can definitely book 2,360 points. Without to praise myself, I would like to expressly write here: “Let run all our open positions continue, this week as well!” And that’s despite the economic data out of China all being worse year-on-year than last month. And that’s despite the economic data out of China all being worse year-on-year than last month. CNY House Price Index came out with -0.9% (-0.5% previous), CNY Industrial Production with 3.8% (3.9%). And/or CNY Retail Sales with 2.7% (3.1%). What, to put it bluntly, does not exactly describe a strong economic growth in China. Even though CNY Unemplyoment Rate falls to 5.4% (5.5%). But all this reads much more worse tha it is – which you can read in the following 4XSetUps.This week I want to focus on the price of UKOIL again.
After joining the movement earlier this year during the outbreak of war in eastern Ukraine (entry 83 USD with a target by 120 USD). And or also had to post a loss (entry 112 USD with an exit by 100 USD) in our second trading capability. I formula a new trading capability in UKOIL because I no longer assume that Russia’s war of aggression in eastern Ukraine will escalate any price action further. But don’t assume an unexpected quick peace treaty between the two states, which I naturally wanted. That’s why I’m assuming that we won’t see prices over 100 USD again anytime soon. And accordingly I have formulated a short trading capability, at least for this week, for this and/or next week, in the UKOIL.Further rising US interest rates, but not as steeply and quickly as feared by most on US Wall Street in June 2022, are weighing on bulls on the US stock market. And the weak US economic growth of just 1.6% yoy is fueling fears of a US recession. Even if the recent somewhat better inflation data provided some relief, the recession fear is still there. And now this weak economic data from China at the start of this week. That`s why I can very well imagine an even lower UKOIL price, at least for this week and/or next week. Because the fear that there is also an economic slump in China could also dampen demand for oil.