Author

admin

Browsing

In this must-see market update, Larry Williams returns with timely stock market analysis, trading insights, and macroeconomic forecasts. Discover what’s next for the Federal Reserve, interest rates, and inflation — and how it could impact top stocks like Tesla (TSLA), Nvidia (NVDA), Apple (AAPL), and consumer staples (XLP).

This video originally premiered on May 27, 2025. Watch on StockCharts’ dedicated Larry Williams page!

Previously recorded videos from Larry are available at this link.

Manage your stock portfolio like a pro! Learn stock portfolio management, trading strategy, and how to build stock watchlists like a professional investor with this insightful video from Grayson. He shares how to run your portfolio like a championship sports team—organizing stocks like players, keeping top performers in play, and tracking trade opportunities with precision.

This video originally premiered on May 30, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

There’s no denying that the equity markets have taken on a decisively different look and feel in recent weeks.  We’ve compared the charts of the S&P 500 and Nasdaq 100, as well as leading growth stocks like Nvidia, to an airplane experiencing a “power-on stall”.  Basically, the primary uptrend has been paused, but it’s unclear whether we’ll resume the uptrend after a brief corrective period.

I stand by my previous comments that the 200-day moving average, as well as the price gap formed in early May, remains the most important “line in the sand” for this market.  And as long as the S&P 500 and other leading names remain above their 200-day moving averages, then equities are still in decent shape.

One of the key features of this market off the early April has been the dominance of traditionally “offensive” sectors such as technology and consumer discretionary.  But are these leading sectors maintaining their leadership role as we progress through the spring months into the summer?

Leading Sectors Off the April Low Starting to Falter

My Market Misbehavior LIVE ChartList includes a series of relative strength charts showing the performance of key sectors versus the S&P 500.  When these lines are trending higher, the sector is outperforming the benchmark.  Generally speaking, I’d prefer to own stocks where the relative strength line is trending higher, as that confirms I’m doing better than a passive investment strategy!

Only three sectors have outperformed the S&P 500 index over the last month: technology, industrials, and consumer discretionary.  Notice how two of those sectors, technology and consumer discretionary, are seeing a downturn in relative strength over the last week?  It still may be early to declare a full leadership rotation, but this initial downturn in the relative performance could be a sign of further weakness to come.

Defensive Sectors Showing Early Signs of Strength

So if these leadership sectors are starting to slow down, which sectors are showing an improving relative strength?  Our next chart shows the relative performance of the four traditionally defensive sectors, most of which have turned higher over the last two weeks. 

Again, I’d hesitate to declare this a full and confirmed rotation, but the fact that defensive sectors are improving here suggests investors are beginning to reallocate a bit to more risk-off positions.  Over the next few weeks, improvement in these defensive sectors could provide a clear validation to a “market in correction” thesis.

Relative Rotation Graphs Confirm Defensive Rotation

Of course, when we’re talking about sector rotation, I always want to bring up the Relative Rotation Graphs (RRG) and benefit from Julius de Kempenaer’s innovative data visualization approach.  First, let’s see how the daily RRG showed the 11 S&P 500 sectors back in early May.

We can see that the Leading quadrant includes those leading sectors such as technology.  In the Lagging quadrant we’ll find pretty much everything else, including all four of the defensive sectors discussed above.  Now let’s fast forward to the current RRG and see how things have rotated.

Now you’ll find health care, consumer staples, and other defensive sectors in the Improving quadrant.  Technology, industrials, and consumer discretionary have now rotated down into the Weakening quadrant.  So the RRG is showing at least an initial rotation away from the sectors that have been leading off the April market low.

One of the most important arguments from the bulls has been the dominance of offensive sectors over the last six weeks.  But as we’ve shown here today, the sector may be changing from a clearly bullish reading to a much more defensive warning sign for investors.

RR#6,

Dave

PS- Don’t miss our daily market recap show on YouTube every trading day at 5:00pm ET!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

marketmisbehavior.com

https://www.youtube.com/c/MarketMisbehavior

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

At least 111 people were confirmed dead in central Nigeria on Friday after floods submerged the market town of Mokwa in the country’s Niger State following torrential rains, officials said.

The heavy rains lasted for several hours Thursday, and media reports quoting local government officials said a dam collapse in a nearby town had worsened the situation. The flooding displaced large amounts of people, the reports said.

Rescuers continued to find more bodies into the afternoon Friday. Earlier reports said 88 people had died, but then at least 23 more bodies were found, Niger State emergency agency spokesman IIbrahim Audu Husseinit told The Associated Press in the afternoon.

That brought the toll to 111, but that could go higher as the search continued.

“More bodies have just been brought and are yet to be counted, but we have at least 111 confirmed already,” Husseini told AP by telephone.

Mokwa, about 220 kilometers (140 miles) west of Abuja, is a major meeting point where traders from the south buy food from growers in the north.

In a similar occurrence last September, torrential rains and a dam collapse in Nigeria’s northeastern Maiduguri caused severe flooding, leaving at least 30 people dead and displacing millions, worsening the humanitarian crisis caused by the Boko Haram insurgency.

Nigeria often faces seasonal floods, particularly impacting communities such as Mokwa along the banks of the Niger and Benue Rivers. Communities in the far north of the country, which experience prolonged dry spells worsened by climate change, also see excessive rainfall that leads to severe flooding during their brief wet season.

In videos and photos shared on social media platforms, floodwaters cover neighborhoods where homes are fully or partially submerged, with rooftops barely visible above the brown currents. Residents are also seen waist-deep in water, appearing to salvage what they can carry or rescue others.

The chairman of Mokwa local government area, Jibril Muregi, suggested that poor infrastructure worsened the impact of the flood. He appealed to the government to start “long overdue” construction of waterways in Mokwa under a climate resilience project.

This post appeared first on cnn.com

The embattled Israeli-backed aid group that began operating in Gaza earlier this week is not screening Palestinians at aid distribution sites, despite Israeli officials saying that additional security measures were a core reason for the creation of the new program.

The Gaza Humanitarian Foundation, which is operating in the strip with US and Israeli approval, was established amid Israeli accusations that Hamas is stealing aid in Gaza and profiting off its sale. Humanitarian organizations have said there is no evidence tying significant diversion of aid to Hamas, and Israel has presented none publicly. But it is those claims that have prompted Israel to seek to replace traditional humanitarian organizations with GHF, which they said would prevent Hamas from obtaining the aid.

Yet GHF appears to have fewer safeguards in place to ensure aid reaches those in need than United Nations aid organizations, like UNRWA, which typically does check identification and relies on a database of registered families when distributing aid.

When asked if GHF would check identification in the future, the spokesperson called the situation “fluid” and said GHF would continuously “reassess the situation.”

GHF’s operations do include more militarized security around their distribution sites and truck convoys entering Gaza. Armed American security contractors have secured GHF aid trucks entering Gaza, reducing the risk of those trucks being seized or looted while en route.

The lack of screenings raises questions about how GHF will be more effective at preventing the diversion of aid than the UN agencies which have supplied the overwhelming majority of aid to Gaza during the war and which have refused to participate in the new GHF-run mechanism due to concerns about a lack of independence and heightened risks for Palestinians.

GHF said in a recent statement that it would establish a “secure, transparent system to deliver aid directly and effectively – without diversion or delay.”

But Palestinians at the site said diversion of aid is already underway.

“The Americans opened the doors for us and whoever wants can get in and take what they need,” Bilal Hawadri said, referring to American security contractors. “Some stood in the line, but then people started stealing.”

Another man, Yousef Shallouf, said he saw “gangsters” pay individuals to “go get aid boxes,” which they would then resell.

Such actions would be more difficult under the UN-administered systems. During much of the war, UNRWA – the primary provider of aid in Gaza – has distributed aid based on its database of families in Gaza.

Recipients are asked to bring identification and once a family representative has collected aid, they are ticked off a list, according to an UNRWA spokesperson.

Israeli officials have recently forced the UN to alter that system, requiring recent distributions to take place at bakeries and kitchens where mass distribution, rather than a per-household system, takes place.

The UN’s aid agencies have refused to participate in the Gaza Humanitarian Foundation’s aid mechanism, saying it violates humanitarian principles and raises the risks for Palestinians. UN officials have only ramped up their criticism this week, amid chaotic scenes near the distribution points and killings near the sites.

The Palestinian Ministry of Health has said that 11 Palestinians were killed this week near the GHF distribution points, amid Israeli gunfire directed at crowds of people near the sites.

Earlier in the week, thousands of hungry Palestinians overran one of the distribution points, prompting American security contractors to withdraw from the site.

GHF says it has distributed more than 23,000 boxes of food aid this week, totaling more than 2 million meals.

“Despite the emergency intensity and kinetic environment surrounding our operations, the fact is our assistance efforts are helping Gazans,” GHF’s interim executive director John Acree said in a statement Friday. “But this is just the beginning. Our commitment to safely and effectively supplying food directly to a large, hungry population is unwavering, and we look forward to continuing to scale and strengthen on our initial undertakings to help meet the basic food security needs of the people in Gaza.”

This post appeared first on cnn.com

A family of raccoons recently broke into an Airbus factory in Canada, adding an unusual headache to the planemaker’s more familiar troubles with parts shortages and supply chain snags.

Five of the baby mammals were found inside the plant near Montreal, which produces A220 airliners, sources told Reuters, after their mother was spotted climbing the landing gear of a jet being produced for a European airline.

“A guy came face to face with the raccoon, after having entered the plane,” a factory worker said.

A second source said damage included urine and chewed wires.

Workers on the overstretched assembly line had to be pulled off normal jobs to undertake the time-consuming task of quarantining the first jet and inspecting for damage from the furry intruders, which are known for foraging in trash cans for food.

Airbus confirmed the discovery of a family of raccoons on one plane but declined to say whether they had further delayed production or caused any damage.

“The aircraft is pursuing its assembly process,” a spokesperson said, adding measures had been put in place to ensure safety and quality.

While the incident is only a temporary headache, it comes as Airbus is scrambling to speed up production, having warned airlines that it faces another three years of delivery delays as it works through a backlog of supply-chain problems.

Recent snags include missing engines, late arrivals of components and delayed interiors, Airbus has said. But rarely have its contingency plans had to deal with stray omnivores at the rural plant.

“We had to open everything back up to inspect,” explained the second source.

Airbus said the animals had been removed to a safe location.

This post appeared first on cnn.com

Editor’s Note: This story contains graphic images and descriptions of violence.

Every night after returning home from work, Chen opens his laptop and switches to his secret life as an undercover activist.

From his bedroom in eastern China, he spends hours witnessing scenes too graphic for a horror movie and trying to befriend people who would be his sworn enemies in real life.

Chen – a pseudonym to protect his real identity – is part of a team of internet sleuths whose mission is to shut down a shadowy global network that mutilates and kills cats for profit.

“It’s become a pretty international phenomenon,” said Jenny Edwards, a criminologist and specialist in animal sexual abuse, based in Seattle. “It is happening much more often than people realize.”

Activists say many of the cat torturers are based in China, where there are no laws against animal cruelty. Protected by an apparent culture of impunity, they make videos for consumers around the world – including in the United States, UK, Turkey and Japan.

Undercover with the cat torturers

The chat groups provide a snapshot of an underworld where torture is trivialized and celebrated as if it’s part of a video game.

A culture of competition has also developed among members to suggest the most inventive style of abuse – while creating heroes out of the perpetrators.

Chen was in similar groups. For years, he’s been watching gruesome videos and befriending torturers to gather enough information to track them down.

He’s part of an alliance of activists called Feline Guardians, who hope that drawing attention to the issue will pressure law enforcement globally to take more action – particularly in China.

“China is now experiencing a wave of cat abuse, from elementary school students all the way to the elderly participating in it,” Chen said.

Chen says the number of people involved in Chinese-based networks is “growing larger and larger,” and include foreigners outside the country.

Data gathered by Feline Guardians showed a 500% increase in new torture videos added to the Chinese Telegram groups they monitor between June 2024 and February 2025 – with a new video being uploaded on average around every 2.5 hours. In the first two months of this year, more than 500 new torture videos have been uploaded, with most coming from previously unknown abusers.

‘They are treated like celebrities’

More than 5,000 miles away from Chen in London, Feline Guardians activist Lara has been monitoring the global spread of this content.

“It starts off in China, and then you have people who mimic these videos from elsewhere, (and) we have children who are exposed to this,” said Lara, who asked to only use her first name to avoid online retribution.

When Lara first learned about the trade in cat torture, she said her reaction was “surely this must be embellished.” But very quickly, she had her eyes opened to the extent of this dark subculture.

“They are treated like celebrities,” Lara said. “So, there is a drive with not only being able to get the satisfaction of torturing horrifically cats, but also the feedback and the notoriety that they receive.”

Lara and Chen, along with their fellow activists, keep in constant contact despite most of them having day jobs – often staying up all night across different time zones as they try to track down the torturers.

Their detective work involves combing through every frame of the footage, examining the background for clues on location or identity, and trying to glean information from their bank details if they are selling their content online.

“Through repeatedly watching it, we can roughly determine some details about their life,” Chen said. “(Then) we can conduct some investigations locally.”

When they think they are closing the net, they also conduct interviews with local people and neighbors, in case they witnessed or overheard anything that could be used as evidence.

Chen often poses as a zoosadist, who is trying to buy torture material, to gain the trust of fellow members. But some groups also demand complicity as their entry criteria.

“Most core groups require recording a video that volunteers can’t do – that is, taking a cat from being full of life and torturing it to death,” Chen said.

Still, in the past few years, he has managed to delve so deep within Chinese torture networks that he’s exposed the identities of more than a dozen perpetrators.

Torture to order

Entering the disturbing world of these networks exposes an entire subculture with its own terminology and hierarchical structure.

Once inside dedicated chat rooms, creators were also sometimes called “cat deleters” or “masters” and the consumers who paid for the videos were known as “sponsors.”

Collectively, they appear to view themselves as vigilantes who aim to get rid of all “evil cats” – possibly also to provide a falsified sense of justification for their crimes.

The creators even advertise specific cats for “torture to order” which enables buyers to select the animal, the tools and tactics of their death – all for a price.

Promotional posters are shared showing a photo, name and age of the cat, along with their “shelf life,” indicating the date they plan to kill them. The “sponsors” are urged to “contact customer service” to receive a quote.

“There is a sadistic and twisted mindset for these torturers where they try to elongate the torture as long as possible,” said Lara.

“These videos show cats being burnt alive, they have been liquefied in blenders,” Lara said. “There have been cases of cats being dismembered and their guts being pulled out and stretched.”

The suffering of the animals is also turned into searchable terms – including “T-Rex” for cats that have had their front legs cut off and can only stand on their back legs.

A ‘fetish I can’t quit’

A Chinese consumer who regularly pays for this sort of gratuitously violent content admits that it gives him a sexual thrill.

A married man in his mid-twenties, Zhang said he first started watching animal torture videos when he was a teenager, after he saw a report about it on the news.

“It’s just this fetish that I can’t quit,” Zhang said. “This is much harder to quit than cigarettes.”

So far, Zhang has spent thousands of dollars buying cat torture videos through the networks, which can cost from a few dollars to $50 each.

He added that his wife “doesn’t know about this thing,” and would likely divorce him if she did.

Zhang says he can’t afford to order the custom videos that are set at a much higher price, often over $1,300. But he says the other members are usually “rich people,” who he claims include officials, programmers and managers, some of whom share WeChat IDs showing their name, company or government department.

Zhang says in the outside world, he is “quite normal” and would never personally hurt an animal – and even keeps rescued cats and dogs as pets at home.

But he admits that he enjoys watching women torture cats, especially if they crush them with high heels.

Criminologist Jenny Edwards says the “primary driver” of this fetish is sadism – a “sexual deviance” which is “getting sexual arousal from watching these (videos) or feeling the pain of discomfort and humiliation of seeing another being suffering.”

“It’s part of antisocial, psychopathic behavior,” Edwards added.

She says zoosadists often hide their proclivities from their families and friends.

“They are leading a double life, because they have this whole other life that they completely keep separate from everything else that they’re doing,” Edwards said.

Some have threatened physical violence against activists who try to expose their secret lives.

Phaedra, a US-based independent animal rights activist who asked to go only by her first name, said she was doxxed – the process of revealing someone’s real identity – and targeted by anonymous accounts, after highlighting graphic torture content on X to prompt censors to take them down.

Phaedra says she also tried to alert Chinese and US officials.

As revenge, some of the abusers used Phaedra’s photograph from her X account to create deepfake pornography of her – and one even used a photo of her as a child alongside dead cats and a sign that read “I’m coming for you Phaedra.”

“They’ve said that they’ll come and skin my dog, they’re going to kill my pets and family,” Phaedra said.

In December 2024, she also received death and rape threats via X.

At one point, she was terrified – thinking they’d find out where she lived and come through her bedroom window – but added that she’s “not afraid of them anymore.”

Chen, the undercover volunteer, said most people he encounters in the groups are lonely men who feel left behind by society, which suggests they are also searching for connection within these groups – bonded by their unspeakable hobby.

He described them as “incels” – involuntary celibates – who feel rejected by women and therefore get sexual pleasure from hurting an animal that most women love.

Activists say some consumers are also drawn to this content because the screams of a cat sound similar to those of women, or children – prompting fears that the behaviors in this online underworld could develop into the abuse of humans.

“They’re becoming more elaborate with what they’re doing, and far more methodical,” Lara from Feline Guardians said. “This will only get worse.”

For example, Chen said in 2024, a sickening mission emerged to target an app called “Street Cat,” which livestreams stray cats or those in shelters for cat enthusiasts to watch.

In the US, Feline Guardians also found evidence of a crossover between cat torture and neo-Nazi groups, including one private Telegram group called “The Eternal Reich” with more than 600 members, which mixed torture content with videos of abuse against women and posts on far-right ideology.

One member posted a photo of himself holding two dead cats in front of an American flag.

A fantasy through cats

Social media companies have come under pressure for not doing enough to prevent the proliferation of this sort of extreme, and in most places, illegal content.

“The platforms are social media networks, mainly end-to-end encrypted platforms such as Telegram,” Lara said. “Also, these videos are being shared on other social media platforms like X, Instagram and Facebook.”

Often potential consumers are recruited directly by the torture rings via a direct message.

If they have commented on a graphic video on YouTube or Facebook, they might receive an invitation to free-to-join Telegram groups with thousands of members. Those who want more depraved content, or want to order something specific, can join smaller, more extreme Telegram groups.

“It definitely needs to be restricted, and a lot of it can and should be restricted by the social media provider,” Edwards said. “The challenge is we don’t have a cohesive way of attacking it.”

Edwards said in most countries legislation is too weak and inadequate to fit the extent of these crimes, and that law enforcement should be pushing tech companies to do more.

“Content that promotes or glorifies violence is explicitly forbidden,” a Telegram spokesperson said, and “any groups, channels or users found distributing violent content are immediately banned.” Hundreds of moderators using AI tools are removing “millions of pieces of harmful content each day,” the spokesperson said.

In China – which has some of the world’s most tightly-controlled internet restrictions – censors rarely remove any cat torture content, Chen said.

“In most situations there is no supervision of this,” Chen said. “China’s censorship of political content and pornography is very strict, but with animal abuse, basically no threshold has been set.”

Multiple cases of cat abuse in China have been reported by state media in the past few years, but most alleged that the perpetrators did not face any legal consequences.

Other countries with animal cruelty legislation have made multiple arrests of cat torturers in recent years – including the US, Canada and Turkey.

In the UK, two teenagers were recently charged with causing animal suffering, after a pair of kittens were found dead and mutilated in north-west London on May 3. The local police also wrote a letter to schools in the area, warning them of an increase in reports of young people committing acts of cruelty towards animals.

In Turkey – which is known for its abundance of street cats – five members of a cat torture network were arrested in January 2024 for “abusing cats and engaging in organizational propaganda.” More arrests were made in February and September last year, including one for “torture of a kitten.”

“In Turkey, within these groups, there are up to 15,000 members, possibly even more,” Lara said. “So these networks are spreading, and they mimic what the same networks in China have been doing.”

Activists say the role of legislation and enforcement is critical to shutting these networks down. High-profile cases in recent years include a monkey torture ring originating in Indonesia which was exposed and dismantled in 2023. British man Adam Britton was also jailed in August 2024 for torturing and sexually abusing dozens of dogs in Australia and sharing the videos on Telegram.

Peter Li, an associate professor of East Asian politics at the University of Houston-Downtown and a China policy specialist for Humane Society International, says China is the only major industrialized country that does not have comprehensive anti-cruelty laws.

“It’s time that China adopts an anti-cruelty law,” Li said, though he conceded that it was “a politically challenging issue.”

Li said multiple proposals have been submitted over the past two decades to China’s rubber-stamp parliament, the National People’s Congress, but they have never progressed – partly due to fears they could impede the farming industry, and due to a cultural lack of concern for animal welfare among China’s older generation.

But with the growing number of pets in China – totalling more than 120 million in urban areas alone – the pressure to legislate for the protection of animals, especially from younger pet owners, will likely only increase.

Beyond the suffering of animals, Li says there are also “broad social consequences” for allowing this trend to spiral. “You would encourage copycat behaviors,” Li said. “Most of the audience are young people, and (they) would be desensitized.”

In 2024, Chinese state media reported at least four separate cases of university students allegedly torturing cats.

China Daily, the country’s official English-language newspaper, reported in May that “incidents of students being punished for torturing animals have been on the rise.”

The article said the alleged offenders had been punished, but didn’t specify what punishment they’d received, beyond at least two expulsions.

“Simply expelling the students cannot solve the problem,” Wang Wenda, director of students’ psychological health at Xinhua College of Ningxia University, was quoted as saying. “They might not only hurt animals but also people if they do not get proper guidance and help.”

Links between cruelty to animals and to humans – documented by multiple global studies – could ultimately drive law enforcement in China – and elsewhere – to take the issue more seriously.

“It starts off with cat torture,” said Lara. “There have been multiple cases of people who go off to commit other crimes, such as serial killers, but also those that we don’t hear of – abuse within the home (and) maybe children.”

“There is a crossover here, and so they’re just acting out a fantasy through cats.”

For campaigners, there’s no choice but to keep going, despite the huge impact on their own mental health.

“It’s definitely changed the way that I view the world,” said Lara. “I believe that I have taken on something which I am committed to for the rest of my life, until this changes.”

On May 18, Lara helped to organize global protests calling for an end to cat torture, held in more than 20 major cities around the world.

Chen said he had sought medical support for his mental health, but he’ll keep logging on every night because each sickening video takes him closer to a potential arrest.

He said he’ll watching in the hope of ending the depravity, because “someone has to do it, right?”

Madalena Araújo, Isil Sariyuce contributed reporting

Story Editors: Hilary Whiteman, Jerome Taylor

Video: Vina Salazar, Alex Dicker, Dan Hodge, Martin Bourke, Kevin Broad

Data and Graphics Editor: Lou Robinson

Illustration and Motion Designer: Alberto Mier

Visual Editor: Mark Oliver

This post appeared first on cnn.com

Unveiling their latest seizure in front of news cameras last month, two Chinese customs agents revealed not drugs or weapons – but suitcases full of plush toys.

The stash on display included dozens of Pop Mart Labubus – the toothy, fluffy figurines that have sparked buying frenzies around the world, and in some cases, brawls among fans outside shops selling them.

“It’s almost impossible to get a Labubu via the official channels,” she said.

Fans are instead turning to unusual sources – including buying from smugglers.

Details and footage of one seizure were posted by China’s Customs Administration on social media, which stated that that the toys were intended “for profit by resale” and seized in accordance with law.

The post did not say whether any of the Labubu smugglers faced other legal consequences.

Labubu is the brainchild of Hong Kong-born illustrator Kasing Lung, and it has quietly built a loyal following since its 2015 debut.

But in recent months, the bunny-bodied, elf-faced creature — equal parts grotesque and adorable — has soared in popularity. Stars including Rihanna, Dua Lipa, and Lisa from K-pop group Blackpink have worn Labubus like lucky charms, and the toys were even spotted at Paris Fashion Week this year.

According to Chinese state-owned media outlet Cover News, a blind box from the latest Labubu 3.0 series, originally priced at 584 yuan ($81), has been selling for between 1,000 ($139) and 2,000 yuan ($278) on the second-hand market.

Pop Mart’s annual results show that the company’s global gross profit surged by over 125% last year, while its revenue in mainland China reached more than $1.09 billion, 34% higher than 2023.

“Because they are not available on official platforms, if you’re in a rush to get a gift for a friend, you just can’t manage to get the popular ones in time,” said Yang.

“You can only pay extra to buy from resale platforms.”

This post appeared first on cnn.com

Even before Israel’s war in Gaza started, the territory was one of the most densely populated places on the planet, described by United Nations officials as an “open-air prison.” Now, Israeli forces are expanding their operations, cramming the population into an ever-shrinking patch of land.

Israel’s latest military offensive, named “Gideon’s Chariots,” aims to finally “conquer” the territory, as one government minister put it. Almost 80% of the enclave has come under evacuation orders or been designated as a militarized zone since March 18 when Israel broke its ceasefire with Hamas, according to the UN. Since then, Israel has a declared policy – backed by the US – to encourage resettlement of Gaza’s residents.

As part of the “intensified operation,” Israeli Prime Minister Benjamin Netanyahu said the whole population of Gaza – around 2 million people – will be displaced to the south of the 140 square-mile territory.

The Israeli military claims the operation is aimed at destroying Hamas and freeing hostages. Meanwhile, Israel’s far-right Finance Minister Bezalel Smotrich said the operation could lead to a complete takeover of the territory.

“We are finally going to conquer the Gaza Strip,” he said after Israel’s security cabinet approved the expanded campaign.

See what Israel’s expanding operation means on the ground, in five maps.

Around 80% of Gaza is covered by evacuation orders and Israeli-militarized zones

Some Gazans in the north say they have fled to the nearby coastline in a last-ditch effort to escape the renewed bombardment, exhausted by Israel’s 19-month assault. Others are sleeping in tents surrounded by the rubble of their former homes, fearful to leave in case they are forced out of Gaza.

Since Israel broke the ceasefire in mid-March, at least 2-3 kilometers (1.2-1.9 miles) into Gaza’s land border is a no-go zone, which includes a 1 kilometer-wide (around 0.6 miles) buffer area next to Israeli territory where homes, factories and farmland have been systematically levelled.

Access to the Mediterranean Sea to fish is all but banned. According to the UN Food and Agriculture Organization (FAO), most fishing boats have been destroyed and Palestinians fishing meters from the shore have been targeted.

Another militarized corridor was established in early April — the Israeli-demarcated “Morag Corridor” in Rafah — with the stated intention of “dividing the strip.” This is one of at least four routes established to control Gaza by the Israeli military who demolish and clear all buildings and cropland to make way for them.

At least 31 evacuation orders have been issued by Israeli forces since March 18 this year covering large areas of the strip, sometimes at the rate of two a day. As a result, an estimated 600,000 people in Gaza have been displaced in that time (this figure includes people who may have been displaced multiple times), according to the United Nations-led Site Management Cluster.

In northern Gaza, these orders have recently been accompanied by instructions to move south, despite ongoing attacks there too. This week, the Israeli military issued evacuation orders for most of southern Gaza with directives to head toward the Al-Mawasi area, ahead of what its spokesperson said would be an “unprecedented attack.”

Aid groups have criticized the use of these directives, branding them as confusing, often inaccurate and overly reliant on an internet connection which most people in Gaza only have intermittent access to. The delivery mechanism is varied, with some receiving text messages or phone calls ahead of an attack, while for others the first sign is incoming Israeli fire. On the ground, Gaza no longer looks familiar to residents, with most landmarks destroyed or damaged, including shops, trees and roads, making it much more difficult to navigate. In order to move around, people need to pass through heavily militarized checkpoints, usually on foot.

“I’ve been on the street with my children for three days, and I can’t find a place to settle,” she said. “I wish for death at any moment. I don’t know what to do with my children or where this life will take us. There is no solution.”

Since Israel launched its war in Gaza following Hamas’ deadly October 2023 attacks, Gazans have been displaced an average of six times – some up to 19 times – according to the Danish Refugee Council.

For many, repeated displacement means reliving the trauma of generations uprooted by what Palestinians call al-Nakba, or “the catastrophe,” when roughly 700,000 Palestinians fled or were expelled from their homes in historic Palestine, during the creation of Israel in 1948.

Outside of the no-go zones, most of what’s left is rubble

Most of the remaining areas that are not under evacuation orders or militarized are heavily damaged. A assessment by the CUNY Graduate Center found 60% of buildings are destroyed while the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) said 92% of homes have either been damaged or destroyed. According to the UN Satellite Centre, 68% of roads are also damaged, which adds to the complications of transporting aid around the strip.

Of the agricultural land, a report published in the Journal of Science of Remote Sensing found around 80% of tree crops — such as olives and fruit trees — are likely damaged, as well as 65% of greenhouses used to grow food such as tomatoes, cucumbers, peppers and strawberries. The FAO has also reported that all cropland in Rafah, and nearly all cropland in the northern governorates are not accessible.

Satellite images show an increase in camps in Al-Mawasi, Gaza, on Feb. 1 and May 23. Planet Labs, PBC

Al-Mawasi, where many people have been instructed to go by the Israeli military, is a narrow coastal strip in southern Gaza. Once rural farmland, by February it was the most populated area in Gaza with an estimated 116,000 people, almost 6% of the enclave’s population, displaced there, according to the UN Office for the Coordination of Humanitarian Affairs.

“I don’t know what to answer when colleagues ask me where they can go with their children in the middle of the night. We are running out of options to stay alive,” he said.

Further south, aid workers say they are overstretched, burnt out and fearful that they won’t be able to provide adequate care for a potential influx of more uprooted people.

Do people have access to the basics – food, medical care and water – in the south of the strip?

Food is scarce

Beginning on March 2, an 11-week blockade stopped all humanitarian aid from entering the strip. In the past week, some aid has entered through the southern Kerem Shalom crossing, but humanitarian agencies say food has yet to reach the over half a million people currently facing starvation across Gaza. “It remains far from enough to meet the soaring humanitarian needs,” UN spokesperson Stéphane Dujarric said.

Medical services are overwhelmed

“If military operations continue, the existing health facilities will simply not be able to cope with the numbers of displaced people,” Al Jamal said.

They are also facing an “overwhelming number of cases that require urgent, specialized medical care. Care that we can no longer provide,” Al Jamal added, while recalling how a 10-year-old boy who recently suffered head trauma in an airstrike that killed his family could not be treated as the medication he needed is no longer available in Gaza.

“If the situation remains unchanged, we do not expect to receive any medical supplies in the near future,” she said.

Water supply is facing shutdown

As well as medical aid, experts say Israel’s displacement plans will necessitate the significant restructuring of Gaza’s water supply system, much of which has already been destroyed or damaged since the war began.

In southern Gaza, the 140,000 litres of fuel needed weekly to maintain water supply operations was not received last week, leading to warnings from local officials of an imminent full-scale shutdown, the UN reported on May 21.

“The situation is especially dire in Al-Mawasi, which is not connected to the water network,” the UN said, adding that the area depends entirely on water being delivered via trucks.

International backlash

Israel’s displacement plans have received international backlash in recent weeks, with the leaders of the United Kingdom, France, and Canada threatening to take “concrete actions,” including sanctions, if Israel does not stop its latest military operations and continues to block aid from entering Gaza.

Netanyahu has vowed to push forward with the fresh offensive: “At the end of the operation all areas of the strip will be under Israeli security control,” he said last Wednesday.

Meanwhile, despite everything, some Gazans plan to resist Israel’s latest directives.

This post appeared first on cnn.com

US Defense Secretary Pete Hegseth on Saturday delivered a dire warning to the Asia-Pacific region and the world: China’s designs on Taiwan pose a threat to global peace and stability that requires “our allies and partners do their part on defense.”

“There is no reason to sugarcoat it. The threat China poses is real. And it could be imminent,” Hegseth said in a speech to the Shangri-La Dialogue, Asia’s premier defense forum, in Singapore.

“Beijing is credibly preparing potentially to use military force to alter the balance of power in the Indo-Pacific,” with People’s Liberation Army (PLA) forces training daily to take military action against Taiwan, Hegseth said.

He noted that Chinese leader Xi Jinping has ordered his military to be prepared by 2027 to invade Taiwan, the democratic island of 23 million people that the Chinese Communist Party claims as its sovereign territory despite having never ruled it.

“The PLA is building the military needed to do it, training for it every day and rehearsing for the real deal,” Hegseth said, delivering some of his strongest comments against China since he took office in January.

He said US President Donald Trump has pledged not to let Taiwan fall to China on his watch, and he called on US allies and partners in the region to band together to stand up to Beijing, both on the Taiwan issue and other regional disputes where China aggressively pursues its agenda, such as in the South China Sea.

“China’s behavior towards its neighbors and the world is a wake-up call. And an urgent one,” the US defense chief said.

But he said the US cannot deter the Chinese threat alone, calling on other nations to be “force multipliers” against Beijing.

“We ask – and indeed, we insist – that our allies and partners do their part on defense,” he said.

Hegseth urged Asian countries to increase their defense spending, pointing to NATO allies who have boosted it to 5% of gross domestic product.

“So it doesn’t make sense for countries in Europe to do that while key allies in Asia spend less on defense in the face of an even more formidable threat, not to mention North Korea,” he said.

While Hegseth made clear that Washington does not seek conflict with China, he stressed the Trump administration would not let aggression from Beijing stand.

“We will not be pushed out of this critical region, and we will not let our allies be subordinated and intimidated,” he said.

Hegseth’s speech adds to heated tensions between Washington and Beijing.

China has railed against America’s efforts in recent years to tighten its alliances and stiffen its defense posture in Asia, while economic frictions rose to historic levels earlier this year after Trump imposed tariffs on China, sparking a tit-for-tat between the two countries that saw duties rise to more than 100% on each other’s goods.

The annual Shangri-La Dialogue in Singapore has in the past been a place where defense leaders from the US and China can meet on the sidelines and foster at least a minimal dialogue between the two foes.

No such meeting is expected to take place this year. China announced on Thursday that it would send only a low-level delegation from its National Defense University to Shangri-La, rather than its defense minister, who has spoken at the past five forums.

When the International Institute for Strategic Studies, which sponsors the event, belatedly released a speakers list for the forum on Friday afternoon, the usual 8:30 a.m. time slot for a Chinese representative to speak was scrubbed from the agenda.

At a Chinese Defense Ministry press conference on Thursday, a spokesperson ducked a question on why Beijing was not sending its defense minister to the forum.

China was “open to communication at all levels between the two sides,” a ministry spokesperson said, when asked about a potential sidelines meeting with the US delegation.

Hegseth’s call for allied cooperation in deterring China is a carryover from the Biden administration, but the Trump administration seems more strident than its predecessor.

Ahead of the Singapore conference, there was broad consensus among analysts that unlike the turmoil Trump has caused in Europe – with threats to pull back from NATO and abandon Ukraine in its fight against Russia’s invasion – the US role in Asia has largely been consistent, centered on a policy to counter Chinese influence and back Taiwan.

Analysts noted that US-led military exercises, especially those involving key allies Japan, Australia, the Philippines and South Korea, have continued or even been bolstered in 2025.

This post appeared first on cnn.com