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Russia is watching US policy like a hawk.

That was Ukrainian President Volodymyr Zelensky’s message to reporters last week in Kyiv as he answered a question about Moscow’s willingness to negotiate. “It depends on the elections in the United States,” he said.

If elected, Kamala Harris is expected to largely continue the policies of the Biden administration, which have been supportive of Ukraine despite some friction points, like the use of Western weapons to strike deep inside Russia.

Taking a drastically different position, Donald Trump has suggested he will end support for Kyiv’s war effort and claimed he could settle the war “in one day.” Terms of a peace plan floated by his vice-presidential nominee JD Vance are strikingly similar to Putin’s wish list.

American policy is at a crossroads, but that won’t necessarily translate to a turning point in peace negotiations, analysts say.

That’s because nothing suggests Russia is ready to come to the table, regardless of who ends up in the White House.

“What [Trump] thinks he can do, what leverage he has, is unclear at this point – but I don’t think it’s a quick process,” said Thomas Graham, a Russian foreign policy expert and distinguished fellow at the Council on Foreign Relations.

A reduction in US aid spending could very well translate to changes on the battlefield, though, experts say.

Those cracks could come in the form of a Trump administration reducing US aid and taking a lesser role in NATO, or a split US Congress, among other factors. Financial pressures on European allies also play a role, as well as rifts in NATO, with pro-Russian leaderships in member states such as Hungary and Slovakia.

“Absent Western unity, absent a clear demonstration that the West and Ukraine have a common vision of what they’re trying to achieve… Putin has no reason to reconsider what he is doing in Ukraine at this point,” Graham added.

The scope of the war is also too large for a simple negotiation between Moscow and Kyiv, experts say. They argue it’s a much broader conflict between Russia and the West.

For Putin, “Ukraine is just a means to an end, and the end is to further limit US influence in international affairs,” said John Lough, an associate fellow in the Russia and Eurasia Program at the London think tank Chatham House.

“When [Trump’s] advisers explain to him what’s really going on here and the fact that China has played a key role in sustaining Russia’s ability to continue fighting this war… he may feel suddenly very strongly that he’s not so well disposed to Putin,” Lough said, adding that Beijing will perceive any concessions “as a further indication of US weakness.”

That goes against Trump’s tough rhetoric on the threat posed by China.

Attritional war playing into Putin’s hands

Ukraine is already outmanned, and Putin appears ready to accept a high number of casualties. More than 600,000 Russian soldiers have been killed or wounded, according to NATO.

“The enemy is increasing its troops to drive the Ukrainian Armed Forces out of the Kursk region at any cost,” said Oleh Shiryaev, commander of the 225th Separate Assault Battalion that is fighting in Ukraine’s surprise incursion across the Russian border. “Russia’s main element in this war is the number of its troops – these are meaty assaults and offensive actions. They do this in all parts of the frontline.”

But Kyiv knows that’s not enough. On Wednesday, Ukraine’s Parliament voted to extend martial law and the draft for an additional 90 days. There are plans to call up an additional 160,000 people, the National Security Council announced.

Ukraine needs support for both its infantry and its equipment coffers, servicemen said.

“We have ammunition, but as artillerymen say, there is never enough,” said 15th Brigade National Guard Spokesman Vitaliy Milovidov, who is fighting in the eastern Donetsk region, where Russian forces continue to make incremental gains.

If a potential Trump administration cuts US aid, Ukraine would become increasingly outgunned.

European nations are scrambling to increase ammunition production for Ukraine to prevent backsliding, in the event that US support drops off.

But even if US policy continues along the current trajectory, Kyiv’s Western allies don’t appear willing to send the level of resources needed to make major battlefield gains.

“My hunch is that this is going to continue, at a lower intensity possibly, but for a long time,” Chatham House’s Lough added. “A Harris administration certainly wouldn’t sell out the Ukrainians, but it would really test their Ukrainian resolve and whether they are prepared to continue to fight this attritional war.”

That’s why Putin’s strategy also appears aimed at demoralizing Ukraine’s population.

Russia has repeatedly attacked civilians and civilian infrastructure. It has also hammered Ukraine’s energy grid, which exacerbates problems for everyday Ukrainians who will face a winter marred by lack of heating and water.

Analysts say the Ukrainian population is certainly exhausted, but they too don’t appear ready to settle in any way. After the mass killings of civilians in Bucha and Mariupol, the brutal treatment of Ukrainian prisoners in Russian custody, and the forcible deportation of Ukrainian children by the Russian state, they know the brutal realities of Russian occupation.

Zelensky, meanwhile, continues to call for support from both parties. If Trump “just wants to force Ukraine to give up everything and thus reach a deal with Russia, I don’t think that’s possible,” he said Thursday.

This post appeared first on cnn.com

The Greek media company Antenna Group is in talks to acquire Time from Salesforce co-founder Marc Benioff, according to people familiar with the matter.

No deal is assured and the talks are still early, said the people, who asked not to be named because the discussions are private.

“There is no agreement to sell Time,” said a Time spokesperson, who declined to comment on the talks with Antenna. An Antenna Group spokesperson didn’t respond for comment.

Benioff acquired Time in 2018 for $190 million. Early talks with Antenna have centered around a price of $150 million, one of the people said.

The talks come at a particularly turbulent time for legacy media companies, which are trying to stay afloat as digital-first assets amid competition with free services such as YouTube, TikTok and Instagram.

Comcast announced Thursday it is considering a spinoff of its cable network group. The Washington Post, owned by fellow tech billionaire Jeff Bezos, has lost more than 10% of its subscribers in recent days after deciding it wouldn’t endorse a candidate in the U.S. presidential election, according to NPR.

Benioff and his wife, Lynne, bought Time from Meredith Corp., which owned the magazine for less than a year.

“The Benioffs emerged as the best fit, willing to put journalistic integrity ahead of corporate gains,” Alan Murray, chief content officer of the Time Inc. brands at Meredith, said at the time.

The Antenna Group nearly acquired Vice Media in 2022 before the company declared bankruptcy. Most of its investments have been Europe-centric, though it has invested in Arianna Huffington’s technology company Thrive Global.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC, NBC News and MSNBC.

Correction: This article has been updated to correct the name of media company Time.

This post appeared first on NBC NEWS

Following the recent market fluctuations, with a sharp decline and a subsequent rally, it’s crucial to examine these movements’ underlying factors.

Utilizing relative rotation graphs (RRGs), we can gain insights into the current trends between growth and value stocks and their performance across different-size segments.

Growth vs. Value on Daily RRG

The daily RRG clearly prefers growth stocks over value stocks. The Dow Jones US Growth Index is advancing into the leading quadrant, indicating strong momentum, while the Dow Jones US Value Index is retreating into the lagging quadrant.

This rotation shows the recent shift towards growth stocks.

Large-Cap Leads the Way

When we dissect the market by size rather than growth or value, we observe that large-cap stocks are positioned within the leading quadrant, albeit with a moderate trajectory. Conversely, mid- and small-cap stocks are lagging, with mid-caps experiencing the most unfavorable rotation. This pattern indicates that large-cap stocks are currently outperforming their smaller counterparts.

A Closer Look at Growth and Value Across Sizes

The third RRG offers a detailed view of growth and value stocks by size. Here, large-cap growth stocks stand out as they ascend within the leading quadrant. Mid-cap growth stocks show signs of recovery in the weakening quadrant, and small-cap growth stocks are gaining momentum in the lagging quadrant. However, all value stocks, regardless of size, are declining, with large-cap value stocks also moving toward the lagging quadrant. This separation underscores the near-term dominance of large-cap growth stocks.

The Influence of Large-Cap Growth Stocks

Using the New York FANG index as a proxy for large-cap growth stocks further illustrates where the market’s strength lies. A cluster of these stocks, including Tesla, Google, Amazon, and Netflix, are positioned in the leading quadrant, with Tesla exhibiting particularly high momentum. Microsoft is on the cusp of joining the leading quadrant, while Meta rebounds from the lagging quadrant. Apple and NVIDIA, despite weaker tails, remain strong in relative strength, and AMD and Snowflake are also noteworthy, though they are currently lagging.

This concentration of a few stocks driving the market suggests a narrow foundation, which is a recurring theme for the US stock market. Examining the charts of four significant market influencers—Apple, Tesla, Nvidia, and AMD—reveals potential risks.

NVDA

After surpassing its June high, NVIDIA is now struggling to advance, as indicated by a negative divergence in the RSI and price. A break below the support level of 130 could trigger further declines.

AMD

AMD’s chart shows a series of lower highs and lower lows, with a potential break in raw relative strength on the horizon. If the price downtrend continues, it will very likely trigger the start of a new down leg in an already-established relative downtrend.

TSLA

Tesla’s inability to overcome resistance between 270 and 275, coupled with a negative RSI divergence, suggests limited upside potential.

AAPL

Apple, which peaked in mid-July, has since experienced a downward trend. A break below the crucial support level around 213 could lead to further losses and trigger a continued weakness in its relative strength.

Conclusion: The Market’s Narrow Foundation

The market is back at a narrow foundation, as we have seen it before. The risk remains high, especially if these four stocks fail to advance and begin to decline, and when the observed divergences come into play. Such a scenario would undoubtedly challenge the S&P 500’s ability to climb higher.

#StayAlert and have a great weekend, –Julius


We noticed on Thursday evening how poor the internals were for the SPY, based on Price Momentum Oscillator (PMO) internals. These internals are the percent of stocks with rising PMOs and the percent of stocks with PMO Crossover BUY Signals. The accompanying short-term Swenlin Trading Oscillators (STOs), along with IT Breadth Momentum (ITBM) and IT Volume Momentum (ITVM), are also in decline.

Currently a mere 18% of stocks hold rising momentum. This is not a good foundation for a rally. At the same time, I know that things get as bad as they are going to get before they start getting as good as they can get. These are oversold readings that could see an upside reversal. For now, they are puny readings. Note also that the STOs turned down in negative territory.

We currently have less than one quarter of stocks with PMO BUY Signals where the PMO is above its signal line. We note that this indicator also saw a top below the signal line, which is also quite bearish. Both the ITBM and ITVM continue to decline out of overbought territory. They still have plenty of real estate to fall further.

Conclusion: While the rally on Friday could change the face of some of these indicators, the PMO indicators won’t likely see a significant upside reversal. Even if they do, they are still likely to be reading below our bullish 50% threshold. Considering how close we are to all-time highs, we should have stronger internals. Beware.

Good Luck & Good Trading,

Erin Swenlin


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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


(c) Copyright 2024 DecisionPoint.com


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. 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.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


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With the Magnificent 7 stocks struggling to hold up through a tumultuous earnings season, what sort of opportunities are emerging on the charts going into November? Today, we’ll break down some of the names we’ve included in our Top Ten Charts to Watch for November 2024.

Some of these charts are overextended, having already logged significant gains in the last month. Others have already experienced short-term pullbacks and may provide actionable entry points around an ascending 50-day moving average. Still others may be worth following less as an investment candidate, but more as a good measure of overall risk appetite for investors.

Let’s start with one of the sectors that I have found investors to be generally underweight, even though the relative performance has really begun to shine in recent months.

Stifel Financial Corp. (SF)

In my recent podcast interview with Ari Wald of Oppenheimer, we talked about emerging strength in the capital markets group, fueled by likely Fed rate cuts into early 2025. Stifel Financial Corp. (SF) has made a new 52-week high pretty much every month in 2024, October included.

After recently pushing above the $105 level, the stock has now pulled back enough to bring the RSI back below the overbought level. While the overbought condition speaks to the strength of the long-term uptrend, we can see that previous pullbacks in May and February featured a very similar configuration with price and momentum indicators.

This is the type of chart in a clear long-term uptrend of higher highs and higher lows. But given the recent drop in the RSI after the October peak, I’d be looking for a tactical pullback which could provide a new higher low. The 50-day moving average is often an area where this sort of pullback could occur, similar to frequent tests earlier this year.

Home Depot, Inc. (HD)

The chart of Home Depot (HD) may provide a perfect example of the “fat pitch” chart, marked by a short-term pullback within a long-term uptrend. The stock broke above its March high around $390 in September, and, after peaking around $420, the price has pulled back to that same pivot point.

This chart provides a clear illustration of the technical analysis concept of “polarity”, where resistance later becomes support. Given that HD has pulled back to this pivot point around $420, as well as an ascending 50-day moving average, I’m inclined to label this as an actionable pullback within a long-term uptrend phase. Also note the RSI just above 40, which is often the lower end of the range for RSI when the stock is in a bullish phase.

Alphabet Inc. (GOOGL)

The Magnificent 7 stocks all deserve our attention given their significant weights in our equity benchmarks. But Alphabet (GOOGL) in particular may be the most important to watch in November, given its meager follow-through after earnings this week.

Alphabet has been building up an inverted head-and-shoulders bottoming pattern since August. The recent breakout above the neckline around $168 seemed to complete this pattern and indicate a high likelihood of further upside. On Wednesday, we saw a gap higher on earnings, but, by that day’s close, the stock was down by the lows of the day.

I’ve found that during bull market phases, breakouts tend to persist, as there are usually plenty of willing buyers interested in taking on additional risk for the possibility of greater returns. But, during bear markets, breakouts often will fail, as investors sell strength because they’re way more concerned with downside risk than upside potential.

Looking for the other seven charts to watch?  Check out the full video on my YouTube channel!

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


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.

After yesterday’s “trick,” investors received a “treat” at the end of the trading week, as the stock market regained its footing and bounced back a bit.

Even though the October nonfarm payrolls were much weaker than expected—up by 12,000 when the Dow Jones estimate was for an increase of 100,000 jobs—the market shook it off. The decline is attributed to Boeing’s strike and two major hurricanes. According to a recent Barron’s report, the Bureau of Labor Statistics survey responses were below average, so the data may be skewed. Unemployment is steady at 4.1%, and wages grew by 4.4% annually.

Stocks Bounce Back

The data doesn’t indicate the US economy is heading toward a recession. The major stock market indexes bounced back, with the Nasdaq Composite ($COMPQ) gaining the most after Thursday’s spooky selloff. However, Friday’s bounce didn’t change the Nasdaq’s big picture (see daily chart below).

FIGURE 1. NASDAQ COMPOSITE SHOWS DOWNSIDE MOVEMENT. Friday’s selloff didn’t change the technical picture. The index needs to close above its 21-day EMA to reverse the downside move.Chart source: StockCharts.com. For educational purposes.

The Nasdaq broke above its tight consolidation range on Monday, but, after Thursday’s selloff, it closed well below its 15-day exponential moving average (EMA). Friday’s rebound didn’t change the technical picture. The index went as high as the 15-day EMA, but closed below it in what resembles an inverted hammer, although it didn’t close lower than Thursday’s close.

There is a weakening in market breadth, as displayed by the breadth indicators—Bullish Percent Index, Percentage of Nasdaq stocks trading above their 200-day moving average, and the Advance/Decline Line—displayed in the lower panels.

Small Caps Ain’t Getting Much Love

With interest rate cuts already in play and with more to come, you would think that small-cap stocks would start getting some attention. But we haven’t seen that yet. Even though the S&P 600 Small Cap Index ($SML) broke above a trading range on the weekly chart, there’s not enough buying pressure to send the index into an uptrend.

FIGURE 2. SIDEWAYS FOR SMALL-CAP STOCKS. The high probability of a 25-basis-point interest rate cut at the next FOMC meeting isn’t helping small-cap stocks, which continue to trade in a consolidation.Chart source: StockCharts.com. For educational purposes.

Treasury Yields Jump

Yields fell after the weak jobs report, but that was short-lived. Treasury yields reversed and climbed higher, with the 10-year US Treasury yield closing at 4.36% on Friday (see chart below). $TNX is trading above its 15-day EMA. The question now is whether $TNX will reach its July 1 high.

FIGURE 3. 10-YEAR US TREASURY YIELD INDEX ($TNX) KEEPS ON RISING. $TNX has been on a steady rise since the end of September, when it broke above its 15-day EMA.Chart source: StockCharts.com. For educational purposes.

Treasury yields have been trending up after breaking above the 15-day EMA at the end of September. The rise in yields doesn’t help bond prices, which move in the opposite direction.

The iShares 20+ Year Treasury Bond ETF (TLT) has been trading below its 15-day EMA since September 19, and Friday’s price action was very bearish (see chart below).

FIGURE 4. BOND PRICES SINK. The iShares 20+ Year Treasury Bond ETF (TLT) has been cascading lower since mid-September when it broke below its 15-day EMA.Chart source: StockCharts.com. For educational purposes.

While Treasury yields climb, the economic data shows the economy is growing while the labor market is cooling. This supports the narrative of an interest rate cut. The CME FedWatch Tool shows a 99.7% probability of a 25-basis-point interest rate cut on November 7.

Next week could bring some volatile action to the market, although given the way the stock market has been acting in the last two weeks, there’s no telling what it will do. The best you can do is take it one day at a time.

End-of-Week Wrap-Up

  • S&P 500 closed down 1.37% for the week, at 5728.80, Dow Jones Industrial Average down 0.15% for the week at 42,052.19; Nasdaq Composite closed down 1.50% for the week at 18,239.92
  • $VIX up 7.62% for the week, closing at 21.88
  • Best performing sector for the week: Communication Services
  • Worst performing sector for the week: Real Estate
  • Top 5 Large Cap SCTR stocks: Summit Therapeutics (SMMT); Reddit Inc. (RDDT); Ubiquiti, Inc. (UI); Applovin Corp. (APP); Carvana (CVNA)

On the Radar Next Week

  • US Presidential Election
  • October ISM Services PMI
  • Fed Interest Rate Decision
  • Fed Press Conference
  • November Michigan Consumer Sentiment Index
  • Earnings from Palantir Technologies (PLTR), Marathon Petroleum Corp. (MPC), Novo Nordisk (NVO), Arm Holdings (ARM), Gilead Sciences (GILD), Applovin Corp (APP), among many others.

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.

In this StockCharts TV video, Mary Ellen reviews the negative price action in the broader markets while highlighting pockets of strength. She shares how the rise in interest rates is impacting the markets ahead of next week’s FOMC meeting. Last up is a segment on how to use longer term charts to uncover long term winners and ride out short term volatility.

This video originally premiered November 1, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

In this video from StockCharts TV, Julius begins by looking back at the completed monthly bars for October to assess the long term trends in the 11 S&P sectors. He follows that up with an updated view for SPY in coming weeks. After that, Julius looks forward using seasonality to find sectors that have strong seasonal tendencies and overlays them on a Relative Rotation Graph, in order to see whether these seasonals are aligning with current relative trends.

This video was originally published on November 1, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past episodes of Julius’ shows can be found here.

#StayAlert, -Julius

Israel expects its “Iron Beam” laser defense system to be operational within one year, saying it will bring “a new era of warfare” as it engages in a war of drones and missiles with Iran and its regional partners.

The Jewish state spent more than $500 million on deals this week with Israeli developers Rafael Advanced Defense Systems, architect of Israel’s Iron Dome, and Elbit Systems to expand production of the shield. Dubbed the Iron Beam, the shield aims to use high-power lasers to counter an array of projectiles, including missiles, drones, rockets and mortars, Israel’s defense ministry said this week.

“It heralds the beginning of a new era in warfare,” Eyal Zamir, director general of the defense ministry, said in a statement this week. “The initial capability of the ground-based laser system… is expected to enter operational service within one year,” he said.

Israel first unveiled a prototype of the Iron Beam in 2021 and has since been working to get it up and running.

The defense ministry’s comments come as Israel presses on with wars in Gaza and Lebanon, and after its military engaged twice in direct missile attacks with Iran.

Since Israel began its war on Hamas in Gaza last year, following the October 7 attack, it has also been fighting a war with the Iran-backed “Axis of Resistance” across Lebanon, Yemen, Syria and Iraq. Iran and its partners have been seeking to overwhelm Israel’s Iron Dome by pelting it with various projectiles, from rockets and drones to mortars and ballistic missiles, experts previously said.

From southern Lebanon, where Israel is now waging a ground war, Hezbollah’s rockets have reached deep inside Israel. Earlier this month, Israeli Prime Minister Benjamin Netanyahu’s beachside home in the coastal city of Caesarea was damaged in a drone strike claimed by the Shiite Lebanese group. One of the three drones that were launched evaded Israel’s aerial defense system.

Experts say the Iron Beam could be an added layer of defense for Israel, both in terms of effectiveness and cost.

How does it work?

The system uses a high-power laser that is stationed on the ground. With a range of hundreds of meters to several kilometers, the laser heats up the target’s shell in vulnerable areas, including its engine or warhead, until the projectile collapses.

This is different to Israel’s traditional means of destroying missiles and rockets, where radar is used to identify an incoming threat and then an interceptor missile is fired to destroy the projectile midair.

Compared to the Iron Dome, a laser shield would be cheaper, faster and more effective, experts said.

Israel has been intercepting projectiles almost daily since the war with its northern neighbor began. Just on Tuesday, some 50 projectiles crossed from southern Lebanon into Israeli territory, the Israel Defense Forces (IDF) said, adding that some were intercepted and others weren’t.

Rafael Advanced Defense Systems, which is helping produce the Iron Beam, said that a laser defense system has “almost zero cost per interception.” In 2022, former Prime Minister Naftali Bennett said each laser-based interception was expected to cost just $2.

The laser system would be most effective against drones, experts said, which Israel’s Iron Dome has repeatedly failed to intercept.

While Israel’s Iron Dome does intercept and destroy most projectiles, it is primarily designed to counter rockets and missiles, not drones. Unmanned aerial vehicles (UAVs) are small, light and have a low radar signature, which means Israel’s radar systems will not always detect them the way they detect missiles, which are bigger, experts said. Drones also don’t always have a set destination and may change direction mid-travel.

The laser system will be very effective against drones, Kalisky said. The laser will be able to effectively “heat and destroy” drones and UAVs.

Who else has it?

Other governments have experimented with different types of laser systems. The US Navy has tested high-energy laser weapons that can destroy aircraft mid-flight and the United Kingdom has recently showcased a laser-energy weapon called DragonFire that can be used against aerial threats. The Pentagon has also said that China and Russia are developing lasers that could target satellites.

It is unclear if Iran has developed a laser defense system of its own. In 2022, Iran said it was “capable of manufacturing laser weapons to defend… sensitive regions,” state media said.

Iran is, however, suspected to have the Chinese-made “Silent Hunter” laser weapon, experts said, adding that the laser is not as high-powered as the ones designed for the Iron Beam.

Will it really be a gamechanger?

An Israeli Iron Beam would still have its drawbacks.

The laser system would not operate well in cloudy, rainy or hazy weather, experts said, adding that this decreases the laser’s ability to pass through the atmosphere and reach its target. The system would also require great amounts of power to keep it running.

The project’s aspirations and expected timeframe also remain unclear.

One of the main problems was that to meet their aspirations with this laser technology, governments always needed billions of dollars and decades of research, Bruchmann said. The world is yet to see if Israel “actually cracked the code this time,” and can operate it by next year, he said.

Kalisky of the INSS said that, while it is unclear if the Iron Beam will indeed be a “gamechanger” for Israel, it will still be “another layer of defense,” adding that it will likely be most effective against drones and short-range rockets and missiles. It may not be as effective against ballistic missiles, he said, which Israel’s Arrow 2 and Arrow 3 interceptors have traditionally thwarted.

Experts say the Iron Beam could also act as a deterrent to further attacks by Iran or its proxies. Last month, The New York Times reported that Hamas was keen to carry out its October 7 attack by the end of 2023, fearing Israel would start deploying its laser system, which would have been more effective against Hamas rockets. The newspaper was citing documents seized by the Israeli military and obtained by the Times.

“Iran and its proxies (may) calculate that this would be, from their point of view, a gamechanger,” Bruchmann said, “that it would seriously devalue the tens or hundreds of thousands of missiles they are building up as a strategic arsenal to deter Israel.”

This post appeared first on cnn.com

Prince William has said he comes with “no other agenda” than wanting to “help people who are in need,” in a documentary series that follows the future King as he launches a five-year program he hopes will help end homelessness in six locations across the United Kingdom.

The “Homewards” program, launched in collaboration with the prince’s Royal Foundation, will provide up to £500,000 ($648,000) worth of seed funding in each of the six sites to support pioneering homeless initiatives, which – if successful – could be replicated in other locations, both nationally and internationally.

“The ultimate ambition is to prove that we can prevent homelessness in these regions so that others will come along and say, ‘well if they can do it, why can’t we?,’” the Prince of Wales said in the two-part ITV series, which aired in the UK on Wednesday and Thursday. “I don’t believe we should be living with homelessness in the 21st century.”

Filmed over a 12-month period, the documentary follows the prince and other experts on a hunt for potential solutions to the UK’s homelessness crisis.

When the Homewards program was launched last year, William faced some pushback for his involvement, seen by critics as ironic, or even counterintuitive, given his sprawling personal property portfolio. On the UK radio station LBC, he was dubbed the “prince of homelessness” by host James O’Brien.

But William opted to confront his detractors head-on in the film. “Why else would I be here if I’m not using this role properly to influence and help people where I can?” he said. “I like a big challenge, I do like that, but I can’t do it on my own.”

William’s ability to put people at their ease is a quality recognized by many featured in the documentary, including Sabrina Cohen-Hatton, who was formerly homeless but is now an advocate for the initiative, working closely with the prince.

Raised in Newport, south Wales, the 41-year-old started living on the streets when she was 15 years old. “My dad had a terminal brain tumor, he died when I was 9 years old,” she said in the documentary. “The impact on the family was enormous.”

Cohen-Hatton ended up sleeping rough on the streets of Newport to “escape” her family breakdown at home, she said. Like many UK cities, Newport has seen street homelessness almost double over the past three years, according to the documentary.

Now the chief fire officer for West Sussex Fire and Rescue Service in south England, Cohen-Hatton is supporting the prince by scouting out successful homelessness programs across the UK that could be scaled up.

“That’s one of the great things about the prince, he has real convening power. He’s able to get people around the table thinking about a perennial problem in a completely different way, and what their contribution to that could be.”

She added: “From my perspective, he has been absolutely critical in driving this forward.”

For Mick Clarke, CEO of London homelessness charity The Passage, the documentary offers viewers a glimpse of the real William.

“We see him as the real person. When he comes (to The Passage) he’s very relaxed, very chilled. I kind of get a feeling there’s a bit of a family relationship there, given the history back to when he was 11,” he explained in a Q&A after a press screening of the documentary. “He’s also very authentic and people who have lived with homelessness are very good at sussing almost instantly whether someone is straightforward, whether they are authentic or not, and he just feels very comfortable.”

He continued, “I think it shone a light on a side that we see all the time – that these guys will see in the meetings they have with him – but sometimes the public don’t.”

The second episode explored the issue of youth homelessness in the UK and saw the prince offer up Duchy of Cornwall land to build 24 new homes, which are set to be completed in 2025.

The two-part documentary will be available to stream globally on Disney+ from Friday, and viewers in the UK can catch up on ITVX.

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