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December 29, 2024

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Generally, there are 3 key hedges against inflation – gold ($GOLD), commodities ($XRB), and real estate (XLRE). While the Fed has taken a renewed interest in the short-term rising inflationary picture, which, by the way, is in direct contrast to what Fed Chief Powell said in late August and September, Wall Street simply isn’t seeing the same picture. Talk is cheap. When it comes to the stock market, the true statement being delivered is reflected in the price chart, not on CNBC.

Everyone now seems to be taking a different trading stance too. Bonds have been sold, sending yields soaring again. Bond investors will sell bonds when inflation is center stage for one simple reason. Bond yields aren’t high enough, given the prospects of inflation, and bond investors demand a higher yield to take on the additional inflation risk. After all, do you want to hold a 4% 10-year treasury if you believe inflation might move to 6%? I’d hope not. That’s clearly a losing proposition. Personally, I think the recent selloff in bonds is completely unwarranted and that yields will ultimately drop as investors fail to see meaningfully-higher inflation materialize.

The Fed has stated that it wants to continue watching inflation data and that its target rate of 2% will more likely be achieved in 2027 vs. 2026. While they’ve indicated that interest rate cuts will occur just two times in 2025 vs. the previously-announced 4 rate cuts, one question that should continue to be asked is…..why would interest rates be cut AT ALL if you’re truly worried about inflation. And why would the Fed have already cut the fed funds rate by 100 basis points over the past 3 Fed meetings? Honestly, I think this nonsense is nothing more than the Fed Chief hedging and waffling.

Is the stock market concerned about inflation? Ummm, I don’t think so. Let’s get back to those inflation “hedges” and see how they’ve been performing recently vs. the S&P 500. After all, when inflation, or the threat of inflation, is REAL, the hedges should work and outperform the benchmark S&P 500, right? Take a look at this current RRG chart (I’ve included silver as well):

Does this look like Wall Street is rotating into these hedges to you?

To compare, let’s go back to 2022 and check out when inflation was an obvious problem:

A 6.5% annual rate of inflation is a problem and that was certainly one big reason why we followed that up with a cyclical bear market in stocks (which I called at our MarketVision 2022 event in early January of that year). Now let’s check out the movement in the fed funds rate in 2022 and, more recently, in 2024:

When inflation is truly a problem, you RAISE the fed funds rate, you don’t cut it. 2022 saw the fed funds raised incredibly fast and the total increases were significant. The Fed was increasing rates to slow demand and curb inflationary pressures, which they did. But if we fast forward to late 2024, the Fed is CUTTING rates and is looking ahead and saying more rate cuts are coming. This DOES NOT happen when inflation is a true threat.

Now, scroll up and take a look at the current RRG chart that shows money rotating AWAY FROM inflation hedges. It’s quite a different look than when inflation is a REAL problem. Check out this RRG chart, which shows rotation in February 2022 as inflation establishes its first annual rate of change peak:

Quite a different look, wouldn’t you say?

So my last question…….Does Wall Street truly believe inflation is a major threat? I say no.

MarketVision 2025

Well it’s time and we’re only one week away. How will 2025 unfold? I have a solid track record at these prior MarketVision events. This is year #6. In the previous 5, I’ve provided bullish outlooks for 2020, 2021, 2023, and 2024, which were all bullish. The only year I was cautious was heading into 2022 and it was due to a number of factors, including inflation. But the biggest question right now is…..Where are our major indices heading in 2025? Which sectors and industry groups are likely to be in favor? What about the dollar and commodities? Interest rates and the yield curve? Sentiment? International stocks? I have the answers and I’ll be sharing them with our EarningsBeats.com members next Saturday, January 4, 2025 at 10:00am ET. For more information and to register for MarketVision 2025, CLICK HERE! We’ll provide you ONE YEAR of EarningsBeats.com membership FOR FREE when you sign up for the event!

4 Trading Tips for 2025

I want to open up a new year with 4 important trading tips to help make 2025 a more successful and profitable year. for you. You can SIGN UP for these tips and they will be delivered to your email, beginning on Monday, December 30th. I hope you enjoy them as a THANK YOU for your loyalty and support in 2024!

On behalf of the entire EarningsBeats.com team, I want to wish everyone a happy, healthy, and prosperous 2025!

Happy trading!

Tom

5. Peter Grandich, Peter Grandich & Company

Kicking off the list in the fifth spot is Peter Grandich of Peter Grandich & Company.

Speaking in early August, when gold was approaching the US$2,500 per ounce level, Grandich explained why he no longer sees US$5,000 as a ‘foolish’ price target.

4. Willem Middelkoop, Commodity Discovery Fund

Willem Middelkoop of Commodity Discovery Fund is next.

In this January interview, he shares his 2024 outlook on a wide variety of sectors, but also looks much longer term.

3. David Morgan, the Morgan Report

Morgan was positive on the metal’s prospects, but stayed conservative with his 2024 call.

2. Gareth Soloway, VerifiedInvesting.com

Gareth Soloway of VerifiedInvesting.com comes in at number two, and at the end of August he laid out a gold price target of US$2,660, saying it could get there later in 2024 or early in 2025.

Gold did ultimately reach that level in 2024, but Soloway also gave a much longer-term look forward. He shared how the metal could pass US$6,000, although he emphasized the difficulty of forecasting that far out.

1. Rick Rule, Rule Investment Media

At the beginning of the year, he mentioned several sectors he was looking at, including platinum, palladium and nickel, as well as oil and gas. However, of particular interest to him at the time was silver.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The president-elect dominated the news in 2024 like no one else, from his historic campaign, assassination attempts against him and comeback from his unprecedented (there it is again) trials and convictions. School shootings and deadly storms seized the nation’s attention as did a CEO’s shocking murder.

But human stories also captured the attention of our massive and diverse global audience. Science inspired awe and wonder. And travel pieces delighted you.

All the while, we offered more news you can use than, well, you could use: The era of freeloading is officially over; Here are the ultraprocessed foods you most need to avoid, according to a 30-year study; These cities are now so expensive they’re considered ‘impossibly unaffordable’; After 155 years, the Campbell Soup company is changing its name; Don’t sit on the toilet for more than 10 minutes, doctors warn.

We will see you right here in 2025, on platforms and in a variety of formats — including video, audio and text — around the world.

CNN’s top 100 digital stories of 2024

  1. 2024 presidential election results – November 6, 2024
  2. Trump survives assassination attempt – July 13, 2024
  3. Hurricane Milton hits Florida – October 9, 2024
  4. Sean ‘Diddy’ Combs says he is ‘truly sorry’ for physically assaulting Cassie Ventura in 2016 – May 17, 2024
  5. Baltimore Key Bridge collapses after ship collision – March 26, 2024
  6. Biden withdraws from the 2024 presidential campaign – July 21, 2024
  7. Liam Payne, former One Direction member, dies after hotel balcony fall – October 16, 2024
  8. Trump wins – November 6, 2024
  9. Jeffrey Epstein documents unsealed, naming Prince Andrew and former President Clinton – January 3, 2024
  10. At least 4 killed in Georgia high school shooting – September 4, 2024
  11. Donald Trump found guilty on all 34 charges in hush money trial – May 30, 2024
  12. Second Trump assassination attempt – September 15, 2024
  13. The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement – March 15, 2024
  14. UnitedHealthcare CEO shooting suspect charged with murder – December 9, 2024
  15. Trump safe, two dead after assassination attempt at Pennsylvania rally – July 13, 2024
  16. Where will Hurricane Milton hit? – October 8, 2024
  17. 14-year-old student suspect in Georgia school shooting that left 4 dead will be booked tonight, officials say – September 4, 2024
  18. Carnage across Florida after Milton – October 10, 2024
  19. The CNN debate: Biden has shaky debate showing as Trump repeats falsehoods – June 27, 2024
  20. Zero calorie sweetener linked to blood clots and risk of heart disease, study finds – August 8, 2024
  21. Hurricane Helene makes historic landfall – September 26, 2024
  22. Judge who ordered Trump to pay $454 million says he was ‘accosted’ by lawyer and won’t recuse himself from case – July 25, 2024
  23. The father of the Georgia school shooting suspect has been arrested and charged, authorities say – September 5, 2024
  24. CNN political commentator Alice Stewart dies – May 18, 2024
  25. Gunman at large after UnitedHealthcare CEO fatally shot in ‘brazen targeted attack,’ police say – December 4, 2024
  26. The era of freeloading is officially over – August 12, 2024
  27. He bought a cruise ship on Craigslist and spent over $1 million restoring it. Then his dream sank – September 18, 2024
  28. Shooting suspect’s mom drove 200 miles to Winder, Georgia, after getting cryptic text the morning of the school attack – September 7, 2024
  29. Trump wins New Hampshire primary – January 23, 2024
  30. Earth’s core has slowed so much it’s moving backward, scientists confirm. Here’s what it could mean – July 5, 2024
  31. Madison, Wisconsin school shooting – December 16, 2024
  32. ‘She’s pure evil’: Nurse gets life in prison after admitting she intentionally gave patients excess insulin, prosecutors say – May 2, 2024
  33. Global tech outage – July 19, 2024
  34. Video captures shooting at Trump rally – July 13, 2024
  35. An Ohio toddler died after her mom left her home alone while she took a 10-day vacation. A judge called it the ‘ultimate act of betrayal’ – March 20, 2024
  36. ‘I’m a black NAZI!’: NC GOP nominee for governor made dozens of disturbing comments on porn forum – September 19, 2024
  37. AT&T says service has been restored after massive, nationwide outage. Authorities are investigating – February 22, 2024
  38. She hit it off with the guy she met at the bar on vacation. Then he sent her an unexpected text message – August 2, 2024
  39. Iranian president dies in helicopter crash – May 19, 2024
  40. Trump safe after being targeted in second apparent assassination attempt – September 15, 2024
  41. Once celebrated, an inventor’s breakthroughs are now viewed as disasters — and the world is still recovering – May 24, 2024
  42. Iran launches missile attack on Israel – October 1, 2024
  43. Takeaways from the ABC presidential debate between Donald Trump and Kamala Harris – September 10, 2024
  44. FBI identifies Trump rally shooter as 20-year-old Thomas Matthew Crooks – July 14, 2024
  45. US Army rebukes Trump campaign for incident at Arlington National Cemetery – August 29, 2024
  46. 1 person dead, more than 20 wounded in shooting following Super Bowl parade – February 14, 2024
  47. Pelosi privately told Biden polls show he cannot win and will take down the House; Biden responded with defensiveness – July 17, 2024
  48. Trump and Harris face off in contentious debate – September 10, 2024
  49. Exclusive: Conservative Republican endorses Harris, calls Trump a threat to democracy – August 19, 2024
  50. Iran launches barrage of strikes toward Israel live story – April 13, 2024
  51. Don’t sit on the toilet for more than 10 minutes, doctors warn – November 12, 2024
  52. Where to watch the total solar eclipse – November 11, 2024
  53. Martial law reversed in South Korea after president’s surprise decree sent shockwaves – December 3, 2024
  54. Trump appears at RNC with VP pick JD Vance after assassination attempt – July 15, 2024
  55. One of the world’s biggest cities may be just months away from running out of water – February 25, 2024
  56. Suspect in UnitedHealthCare CEO shooting used fake ID and traveled by bus to New York, sources say – December 5, 2024
  57. After 155 years, the Campbell Soup company is changing its name – September 10, 2024
  58. Elon Musk publicized the names of government employees he wants to cut. It’s terrifying federal workers – November 27, 2024
  59. ‘I never got the impression he would self-destruct:’ Friends of suspect in fatal CEO shooting left in shock – December 9, 2024
  60. Hurricane Milton explodes into a Category 5 on track to Florida Gulf Coast – October 7, 2024
  61. Total solar eclipse – April 8, 2024
  62. What happens in the Democratic nomination now that Biden has left the race – June 28, 2024
  63. These cities are now so expensive they’re considered ‘impossibly unaffordable’ – June 14, 2024
  64. Pennsylvania state police commissioner reveals stunning details about Trump shooting – July 23, 2024
  65. Harris and VP pick Walz hold first campaign rally as Democratic ticket – August 6, 2024
  66. Where Harris’ campaign went wrong – November 6, 2024
  67. ISIS claims responsibility for attack at Moscow-area concert venue that left at least 60 dead – March 22, 2024
  68. Trump said he ‘went down’ in helicopter ‘emergency landing’ with former San Francisco mayor, who says it never happened – August 8, 2024
  69. The Christian reaction to Trump’s Bible endorsement goes deeper than you think – March 28, 2024
  70. Fresh controversy brews over Trump’s Arlington National Cemetery visit – August 28, 2024
  71. Here are the ultraprocessed foods you most need to avoid, according to a 30-year study – May 8, 2024
  72. Dr. Sanjay Gupta: There are still key questions about Trump’s injuries after attempted assassination – July 18, 2024
  73. El Niño is dead. Here’s what to expect in the coming months – June 13, 2024
  74. Four friends posed for a photo on vacation in 1972. Over 50 years later, they recreated it – December 2, 2024
  75. Hurricane Helene kills more than 45 people in five states – September 27, 2024
  76. Trump unveils the most extreme closing argument in modern presidential history – October 28, 2024
  77. Apalachee High School shooting – September 5, 2024
  78. McDonald’s didn’t give Trump permission to serve fries. It didn’t need to – October 21, 2024
  79. Backlash over NFL player Harrison Butker’s commencement speech has reached a new level – May 16, 2024
  80. Harris secures enough delegates to become Democratic nominee – July 22, 2024
  81. NC Lt. Gov. Mark Robinson was treated for second-degree burns after touching exhaust pipe at campaign event – September 27, 2024
  82. Surveillance video shows Sean ‘Diddy’ Combs physically assaulting former girlfriend in 2016 – May 17, 2024
  83. NHL star Johnny Gaudreau and his brother killed in New Jersey crash on the eve of their sister’s wedding – August 30, 2024
  84. Shooter at Houston megachurch had lengthy criminal history including weapons charges, police say – February 12, 2024
  85. The Princess of Wales controversy has only gotten worse – March 15, 2024
  86. UnitedHealthcare CEO murder suspect fights extradition – December 10, 2024
  87. There’s another chance to view the stunning northern lights show Sunday night – but not for everyone – May 11, 2024
  88. High-profile Republicans head for the exits amid House GOP dysfunction – February 19, 2024
  89. Baltimore Key Bridge collapse aftermath – March 27, 2024
  90. Catherine, Princess of Wales, announces she has cancer – March 22, 2024
  91. Killed by a scam: A father took his life after losing his savings to international criminal gangs. He’s not the only one – June 17, 2024
  92. 4 law enforcement officers were killed in shooting at a home in Charlotte, North Carolina. 4 other officers are hospitalized – April 29, 2024
  93. Video appears to show suspected Trump shooter on a roof – July 13, 2024
  94. Trump wants to shut down the Department of Education. Here’s what that could mean – September 20, 2024
  95. What happens to Trump’s criminal and civil cases now that he’s been reelected – November 6, 2024
  96. Cargo ship lost power before colliding with Baltimore bridge; 6 presumed dead – March 26, 2024
  97. Hezbollah vows retaliation against Israel for deadly pager explosions – September 17, 2024
  98. Calls grow for South Korea’s president to resign after martial law chaos – December 4, 2024
  99. Trump is unable to make $464 million bond in civil fraud case, his lawyers tell court – March 18, 2024
  100. 4 charts show how early voting went in the US – October 23, 2024
This post appeared first on cnn.com

If a space alien landed on Rustaveli Avenue, the elegant main street of the Georgian capital Tbilisi, they might think it’s a party. Crowds of people surge down the street, traffic blocked by police, many wearing the red and white Georgian flag, or the European Union’s blue flag with a circle of 12 twelve golden stars, like capes.

Every few minutes another group marches by, clutching banners and flags, beating drums, blowing whistles and chanting slogans. There are the “Sportsmen against Violence” (they mean government security force violence); or college students holding a sign “Liberte, Egalite, Fraternite,” and chanting “Sakartvelo!” (the name for Georgia in the Georgian language); or young people with a large white banner challenging the riot police: “Hey, robocop, you are born to be a slave.”

It’s Saturday night, but amidst the boisterous atmosphere, Georgians who have participated in nightly protests for the past month are exhausted, and unsure what tomorrow will bring.

Sunday, at 11 a.m. local time, the parliament, now controlled by the ruling Georgian Dream party, will inaugurate a new president, Mikheil Kavelashvili, a goateed 53-year-old former professional soccer player, founder of the ultra-right People’s Power party. He was chosen December 14 by the parliament that was elected in late October, a vote in which international observers noted numerous irregularities and government pressure on voters.

But what really ignited recent protests was the November announcement by Prime Minister Irakli Kobakhidze that he was suspending Georgia’s EU membership application process until the end of 2028. Polls show that 80% of Georgians support membership in the EU, and protesters turned out en masse for nightly marches and rallies.

At the curb along Rustaveli Avenue supporters set up coffee stands and ladle out soup to the cold and hungry. On one corner, a guitarist blasts Jimmy Hendrix chords. On another, a jazz singer croons softly. The walls of almost every building along the street are covered with graffiti, almost all of it pro-European Union and anti-Russian. There was so much of it the government sent crews into the streets to cover it up with black spray paint, a menacing reminder of the violence that black-clad and masked security forces have unleashed against scores of protesters.

Friday night, a thunder bolt of news: the United States was sanctioning the founder of the Georgian Dream party, now its honorary chairman, Bidzina Ivanishvili, a multi-billionaire, the richest man in Georgia, an oligarch who allegedly controls the country from behind the scenes.

“Ivanishvili and Georgian Dream’s actions have eroded democratic institutions, enabled human rights abuses, and curbed the exercise of fundamental freedoms in Georgia,” US Secretary of State Antony Blinken said.

“Furthermore, they have derailed Georgia’s Euro-Atlantic future, a future the Georgian people overwhelmingly desire and the Georgian constitution mandates.”

On Rustaveli Avenue, in front of the Parliament building, the cheering crowd played the national anthem of the United States, along with the Georgian national anthem.

A 10-minute walk from the Parliament building stands the pristine white 19th century Orbeliani Palace, the official residence of the president of Georgia. The current president, up until Sunday at least, is the 72-year-old, French-born Salome Zourabichvili. She insists she is the only legitimate president and derides the Georgian Dream’s hand-picked selection of Kavelashvili as an anti-constitutional “farce.”

Legally, the president’s powers are limited, but Zourabichvili has succeeded in an unmanageable task: bringing the country’s fractious political parties together in a coalition. Whether they will remain united is unknown.

Also unknown is what Zourabichvili will do Sunday morning. Late Saturday night she issued a statement: “Greetings, I greet you from the Orbeliani Palace. I am here, I will stay here, and I will spend the night here. Tomorrow, at 10 a.m., I will be waiting for you at the Orbeliani Palace. From here, I will share what tomorrow will bring, what the days ahead will look like, and what the days of victory will hold.”

Will she remain in the presidential palace and risk arrest, as the Georgian Dream prime minister threatened? Will she leave the palace and remain the symbol of resistance? What will the protesters do? Will the movement ignite? Or fizzle?

As I talk with protesters in the streets, several tell me this is a unique moment. President Zourabichvili, they say, is the symbolic head of their movement, but there is no true “leader.”

Even the protests seem not to be led by any one person. They are home-grown, with groups of friends, colleagues or like-minded people joining together almost spontaneously. They are united, they say, by a cause: joining the European Union. Georgia, they say, is part of Europe. For two centuries Russia, and the Soviet Union, tried to control their country. But Georgia remains Georgia, they say, with its own language and proud traditions.

This post appeared first on cnn.com

Kenyan President William Ruto has promised to stop abductions of government critics, in an apparent change of stance for a leader who has previously called the wave of disappearances “fake news.”

Ruto, his government officials and police have maintained for months that there were no abductions. Ruto has also demanded names of the missing from families, and told parliament that the reports were fabricated to tarnish his government’s name. At least 82 government critics have allegedly gone missing after a youth-led protest movement erupted in June against a controversial finance bill, though some have resurfaced.

Ruto’s remarks on Saturday did not acknowledge government culpability for those missing, however. The Kenyan leader also said that parents should better “take care” of their children.

“What has been said about abductions, we will stop them so Kenyan youth can live in peace, but they should have discipline and be polite so that we can build Kenya together,” Ruto said at a stadium in Homa Bay, in the west of the country.

Among the disappeared are two young men who shared AI-generated images of Ruto in a casket that some considered offensive and a popular cartoonist whose images of the president went viral. Despite Ruto’s speech, a state-funded human rights body says 29 people remain unaccounted for, including six people who disappeared days before Christmas.

Human rights defenders allege that all of the missing activists and critics are believed to have been tracked down by government intelligence who tapped into phone signals. The protests were widely mobilized online, before they spread onto the streets.

Human rights activist Bob Njagi, who said he was abducted this summer, reacted to Ruto’s comment: “It was an admission that they’re happening under their watch, if not by them.”

Njagi leads the Free Kenya Movement, which he described as a consortium of organizations united in pursuit of change for the country. He was one of the most prominent figures behind the protests against Ruto’s government before he disappeared.

Njagi said that he was driven to an undisclosed location, stripped naked and chained to the floor for the first two days of his detention. He said that Kenyan security officers held him incommunicado, handcuffed and blindfolded in solitary confinement for 30 more days but was released after a judge threatened to jail the police chief for not revealing his whereabouts.

“They’re Kenyan security officers who took us because they told me we had become a threat to the state. These men would just give us one meal a day – ugali (cornmeal) and cabbage or beans,” he said.

Until President Ruto’s comments, the Kenyan government has always denied that anyone was missing. “Social media has been used to perpetuate the narrative that certain lawful arrests were abductions when, in fact, those arrested were either awaiting trial or have been released after necessary legal procedures,” Chief Minister Musalia Mudavadi said last week.

Njagi said that he was never formally questioned, “but the guys who brought us food would ask random questions, like, ‘who’s been funding you?’ and who our associates were.”

The detention was excruciating for many reasons, he said, including that he couldn’t communicate with his family. Njagi was expecting a daughter. She was born nine days before he was released.

Njagi is now reunited with his now three-month-old daughter. But others like Gideon Kibet, a 24-year-old college student who drew the viral cartoon of Ruto, are still missing.

Kibet disappeared after meeting opposition senator Okiya Omtatah on Christmas Eve.

Kibet’s younger brother Ronny Kiplangat, who is also still missing, had disappeared a few days earlier. The brothers’ family fears that security forces used Kiplangat as bait to lure Kibet – who was studying outside the capital – to Nairobi.

Omtatah said that both Njagi and Kibet were abducted by security forces after leaving his office.

“(Kibet) boarded a matatu after my driver dropped him off in the city center. As they have done with others, they must have blocked the matatu and snatched him from it,” he said.

“If you look at the attitude of the police, they know what is happening. The state is simply allowing it or acquiescing to it,” Omtatah said.

Like many young Kenyans, Kibet was once a fervent Ruto supporter. But he turned into a sharp critic as the euphoria that propelled Ruto to power has turned into disappointment with his government over corruption, unemployment, and an anemic economy.

Kibet is among many youth that voted for Ruto’s “hustler-in-chief” promise of a better future, but have soured on his government just two years in.

Twenty-two-year-old Peter Muteti Njeru was abducted from a suburb outside Nairobi last week.

Njeru had posted an AI-generated image of Ruto in a casket on social media, but deleted it after some commenters said it could amount to treason under Kenyan law.

CCTV footage from a shop in Njeru’s apartment building showed two men ambushing him before dragging him into a car that speeds off.

“Where do you draw the line between power and dictatorship?,” Njeru’s cousin Ansity Kendi Christine said in reference to the abduction.

Christine, who says their whole family voted for Ruto, added: “It’s a shame I will carry for the rest of my life.”

Kenya’s recently impeached Deputy President Rigathi Gachagua has claimed that a rogue unit of security officers outside of the command of the police was carrying out abductions and killings in the country. Some youth who went out to protest and disappeared were later found dead.

“Your guess is as good as mine as to who is the commander of that unit,” he told reporters, demanding that it be dismantled.

Gachagua hinted that his former boss and running mate Ruto was ultimately responsible after Kenya’s police chief denied involvement in the disappearances.

“For the avoidance of doubt, the National Police Service is not involved in any abduction, and there is no police station in the country that is holding the reported abductees,” Inspector General of Police Douglas Kanja said in a statement last week.

Omtatah has called on Kanja and Kenya’s chief detective to “come clean” on the abductions or quit.

Meanwhile, Ruto’s promise to stop the abductions can’t come soon enough for the families of the missing.

Retired civil servant Gerald Mwangi, whose son has been missing since Saturday, is hoping Ruto will keep his word.

Billy Mwangi, 24, disappeared from his barbershop’s doorstep the day after a now suspended X account believed to belong to him, posted a doctored photo showing Ruto’s head emerging from a casket.

Mwangi’s father hopes his son will be released after Ruto’s announcement. In the meantime, he says, he is continuing what he calls a “layman’s investigation” into his son’s disappearance.

Civil society groups and professional bodies have condemned the abductions, calling them enforced disappearances with the regional cartoonists society decrying a return to the “dark days of censorship, detention without trial, torture and murder of voices critical of the government.”

And, while a civilian-led police oversight body is investigating, many Kenyans have little faith in their independence.

“We believe in God and I believe that my son is going to be released,” Mwangi said.

This post appeared first on cnn.com

South Jeolla province Fire Service Headquarters said that number is expected to grow as recovery operations continue.

The Jeju Air jetliner was carrying 175 passengers and six crew when it crashed on landing at the airport in Muan county, just after 9 a.m. local time Sunday (7 p.m. ET Saturday).

Emergency responders said they had rescued two people from the plane, according to the fire department.

Rescue workers are focusing on reaching people inside the tail section of the plane.

Images of the crash published by the Yonhap news agency showed only the tail section of the plane intact, surrounded by flames.

According to the fire department, the accident was caused by a landing gear malfunction.

This is a developing story and will be updated.

This post appeared first on cnn.com

Olha Mesheryakova doesn’t know what the next year will bring for her life in the capital of war-torn Ukraine, for her family or her business. She is confident, however, that in 2025 she will attend a dozen performances in the theaters of Kyiv. The thought gives her a sense of hope.

“This creates a certain expectation, gives a kind of structure, great support at a time when the world around me has gone crazy, and I know exactly what I’m going to do on December 23, for example, because I bought tickets in the summer. Honestly, it gives me hope and faith in the future. It’s some kind of magic,” said Mesheryakova, an entrepreneur.

She is far from alone in her passion for theater. To get tickets to a popular performance, she, along with thousands of other Ukrainians, has to hunt for them months in advance.

On a blacked-out street in the center of Kyiv in mid-December, cars move slowly, as hundreds of people descend on the small, historic building of the Ivan Franko National Academic Drama Theater, located just a few hundred meters below the presidential residence.

Since the theater reopened six months after the start of Russia’s full-scale invasion in 2022, it has been packed almost every day.

Over that time, the theater itself, its actors and its audience have changed. Its director, Yevhen Nyshchuk, volunteered in the military in 2022, as did many of his colleagues. For example, all three actors who played the main roles in “Three Comrades,” adapted from the post-World War I novel by the German writer Erich Maria Remarque, ended up at the front and were able to return to the stage only a year later.

Nyshchuk felt this altered appreciation for Remarque’s writing so keenly in part because he and his colleagues continued to serve in the Armed Forces. To perform the plays, they received permission from their command to take short leaves.

Since the war began, the Ivan Franko Drama Theater has staged more than 1,500 performances attended by more than half a million spectators. Seventeen plays have been premiered. One of them is “The Witch of Konotop,” a mystical play that explores themes of love and power. Tickets were sold out in minutes for the entire run and many Ukrainians have joined a waitlist for any that become available.

Its director, Ivan Uryvskyi, said he was astonished by the play’s success and the influx of new theater-goers.

Uryvskyi says not all come to the theater to escape from the sad reality of war. It is often the opposite.

“Someone needs to plunge into the present day and understand themselves. And he/she doesn’t need to go to a comedy, they don’t need to be distracted. He needs some serious dialogue. Maybe he needs to cry it out in the theater,” said Urivskyi.

Even if people want to escape from the war, they often cannot, as performances are regularly interrupted by air raid sirens. The audience has to leave the theater building and take shelter at the nearest metro station. If the danger passes within an hour, the performance resumes. Otherwise, the show continues on another day.

Both new plays and those that have been in the theater’s repertoire for years get loud applause from the audience.

“When people applaud for 10 to 20 minutes, they give some part of their applause to the artists for the performance, and looking at each other they give another part to themselves, for the fact that, for example, today everyone survived a missile attack of more than 120 missiles and more than 100 drones, and in the evening they came to the performance, which was not canceled,” Nyshchuk said.

A thriving book scene

The number of bookstores in Ukraine has increased from 200 pre-war to almost 500 now. The largest of them, Sens, opened on Kyiv’s main street in the midst of the war. Offering over 57,000 books, it is crowded at any time of the day and says it had more than half a million customers this year. The store’s event plan is scheduled for months in advance.

For its founder, Oleksiy Erinchak, the launch of such a large-scale project in wartime seemed logical. He began the war as the owner of a small bookstore, opened on the eve of the invasion. It became a volunteer hub in the first months of the conflict and grew so popular that Erinchak started thinking about a new, larger space. Meanwhile, the book market and the needs of the audience had changed due to the impact of the war.

According to the Ukrainian Book Institute, the number of adult Ukrainians reading books every day has doubled during the war to 16%.

“Maybe it’s just war, or stress, and a person just hides under the covers, under the bed, opens a book and travels to other worlds to get away from it all. Or not traveling to other worlds, but delving deeper to understand why did this happen in our lifetime? And books actually have many answers, and you can feel them, understand them, and feel better,” Erinchak explained.

He argues that the current popularity of books should be maintained in the future.

“Local culture always flourishes during wartime… If people are bringing money to the Ukrainian bookstore, it means that we need to invest this money further in Ukrainian books, in Ukrainian culture,” he said, which in turn will help build resilience to future potential Russian disinformation. “We need to build this foundation in our book and cultural sphere as strongly as possible and build a semantic shield around it, a dome so that it would be much more difficult for others to break in and influence the minds of Ukrainians.”

Songs in the shelters

A few songs before the end of an anniversary concert this fall by one of the most popular Ukrainian bands, Okean Elzy, an air raid was announced in Kyiv.

Part of the audience went down to the subway to take shelter, joined by the band. There, on the subway stairs, the performance resumed, with a speaker instead of a professional sound system, with only guitars – and hundreds of voices singing along to every hit.

“Okean Elzy’s 30th-anniversary concerts are a mirror of our history. We have been together for 30 years: at big concerts and in shelters, in stadiums and in dugouts… But it’s not the place that matters, it’s our togetherness,” the band later posted on their Instagram account.

In the almost three years since the full-scale invasion, Okean Elzy’s frontman Svyatoslav Vakarchuk has performed more than 300 concerts for the military, including at positions near the front lines. In some videos posted on the band’s social media pages, what sounds like artillery fire can be heard while Vakarchuk sings for the military. Okean Elzy has donated almost 280 million UAH ($6.7 million) to the Defence Forces of Ukraine, a spokesperson for the band said.

The Ivan Franko Drama Theater also regularly organizes charity performances and says it has already raised more than $1.2 million for the Armed Forces. Additionally, it offers its stage to troupes that have lost their theaters to Russian occupation or can no longer perform in them due to adverse security conditions.

The vibrant cultural life in cities to the rear contrasts with the situation in the frontline areas of Ukraine, where Russia keeps seizing territory.

Yegor Firsov, a chief sergeant who has been fighting against the Russians since 2022, says he is generally sympathetic to an active cultural life, even if some of those on the front lines may be fighting in “real hell.”

And on those rare days when Firsov manages to come to Kyiv from the front, he too goes to concerts.

“Culture is a part of our lives, it is both about war and partly about leisure, because even we, military men, need mental healing, need to be distracted, to be resilient.”

This post appeared first on cnn.com

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

The post S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7% appeared first on FinanceBrokerage.