Author

admin

Browsing

The Cybersecurity ETF (CIBR) is resuming the lead as it surged to new highs this past week. It is important to note that CIBR began its leadership role a lot earlier because it hit a new high in late August. Today’s report will analyze the recent breakout and suggest some possibilities in the future. 

First notice that the Technology SPDR (XLK) and five tech-related ETFs are leading in October (semis, cybersecurity, software, fintech and cloud). They are up 2% or more and easily outperforming the major index ETFs (SPY,QQQ,IWM). The tech ETFs underperformed in July-August and are now getting their mojo back.

 

I featured CIBR in Art’s Charts on September 14th, demonstrating how to use the Percent above MA (5, 200) to define the trend and reduce whipsaws. In an long-term uptrend, stocks and ETFs experience both trending and non-trending periods, with the latter often lasting longer.

The chart below shows CIBR trending higher from late October 2023 to mid-February 2024, less than four months. A non-trending period followed and lasted over six months. Most recently, the ETF broke out of this range and entered a new trending period. I expect this trending period to last a few months and prices to extend higher.

The breakout zone around 59 (red line) turns into the first support area to watch in case of a throwback. Throwbacks occur when prices fall back to the resistance zone after a breakout. Overall, support is marked in the 59-60 area, and a pullback to this zone would provide a second chance to participate in the breakout.

TrendInvestorPro is focused CIBR, tech-related ETFs and tech stocks as they move from corrective non-trending periods to trending periods. We think the market is looking past the elections and toward seasonal patterns, which soon turn bullish. Opportunity awaits! Click here to learn more.

Special Offer!! 

2 Educational Reports/Videos with Every Subscription

“Finding Bullish Setup Zones with High Reward Potential and Low Risk”. The trend is your friend, and pullbacks within uptrends present opportunities. We show how to find compelling setups that combine market conditions, trend identification, oversold conditions and trading patterns. Trading is all about the odds and these setups put the odds in your favor.

“Using Breadth for Capitulation, Thrusts, Market Regime and Oversold Conditions”. This report covers four ways to utilize breadth indicators. Capitulation conditions often signal major lows, while thrust signals indicate the start of a bullish phase. Market regime helps distinguish between bull and bear markets, and oversold conditions identify tradable pullbacks within bull markets. We explain the indicators, settings, and signals for each scenario.

Click here for immediate access!

Highlights from Recent Weekly Reports/Videos:

October 4th Report: We identified bullish breakouts in several tech-related ETFs (QQQ, XLK, MAGS). Additionally, we noted continued strong performance from software and cybersecurity (IGV, CIBR). The report also showcased bullish continuation patterns for three leading AI stocks and identified two bullish setups in the healthcare sector.

September 19th Report: We began with our breadth model, which has maintained a bullish stance since December 7th. Narrowing yield spreads continue to show confidence in the credit markets. The report featured bullish setups in ETFs related to copper, base metals, copper miners, and palladium (CPER, DBB, COPX, PALL).

Click here for immediate access!

/////////////////////////////////////////////////

The week that went by was in complete contrast to the week before as the markets heavily consolidated in a tight range. In the week before this one, the Nifty had seen a significant retracement of over 1167 points; however, over the past five trading days, the index stayed totally devoid of any directional bias and ended the week on a flat note. The volatility also tapered down; the India VIX came off by 6.42% to 13.22 on a weekly basis. The trading range also got much narrower; the index oscillated in a range of 539.70 points. Following some strong consolidation, the headline index closed flat with a minor weekly loss of 50.35 points (-0.20%).

The coming weeks are crucial for the markets from a short-term perspective. The NIFTY Bank and FINNIFTY will cease to have weekly contracts beginning November 20 following the SEBI’s recent directives. It will be only NIFTY that shall have weekly contracts. This may keep the indices a bit volatile over the coming days. Importantly, the Nifty’s behavior against the 25000-25050 zone is important as the 25050 is where the 50-DMA is, and the 25000 level remains a psychologically important level. The markets were anyway highly deviated from the mean. The nearest 20-week MA stands at 24541; the Nifty has not even tested this level during the recent retracement. Even if that is tested, the primary uptrend would still remain very much intact.

The coming week may see a tepid start; the levels of 25100 and 25365 shall act as probable resistance points. The supports coming in lower at 24800 and 24540 levels.

The weekly RSI stands at 59.09; it remains neutral and does not show any divergence against the price. The weekly MACD has shown a negative crossover; it now trades below its signal line.

The pattern analysis shows that the week’s low point of 24694 found support at the extended rising trendline. This trendline was drawn from the level of 22124 and it extends itself joining the subsequent high points. It is important to note that this low point coincides with the 20-week MA; the fastest and the nearest weekly MA which stands at 24541. This makes the zone of 21540-21700 a very important pattern support zone for the Nifty.

All in all, we have a lot of short positions as reflected by the derivatives data. Speaking specifically for the coming week, Nifty’s behavior vis-à-vis the level of 25000-25050 would be crucial to watch. On the other hand, the strikes of 25000 hold a co-existence of the highest Call and Put OI; this makes this level almost an inflection point for the Index. For the Nifty to extend its technical pullback that it attempted in the previous week, it must move past and keep its head above the 25000-25050 zone. It is strongly recommended that we stay invested in stocks that show strong relative strength; this would ensure resilience if the markets do not move in our intended direction. A cautious approach is recommended for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.

Relative Rotation Graphs (RRG) show Nifty Pharma, Services Sector, IT, Consumption, and FMCG indices inside the leading quadrant. Although the FMCG index is showing a decline in its relative momentum, these groups are by and large likely to relatively outperform the broader markets.

Nifty Midcap 100 and  Auto Index are inside the weakening quadrant. They may, however, continue to show stock-specific performance while relative performance may keep slowing down.

The PSE, Infrastructure, Realty, Metal, Nifty Bank, PSU Bank, Energy, Commodities, and Financial Services indices are inside the weakening quadrant. However, except for Commodities, Energy, and PSE indices, the rest are seen sharply improving on their relative momentum.

The Nifty Media index is the only index inside the Improving quadrant. However, it is seen giving up its relative momentum as well against the broader markets.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

The Israeli military is carrying out a widespread operation in northern Gaza, issuing evacuation orders and blocking food supplies, just weeks after Prime Minister Benjamin Netanyahu was reported to be mulling a plan to besiege the area to starve Hamas and force it to release hostages.

The Israel Defense Forces (IDF) this week launched the operation following intelligence that it said showed “the presence of terrorists and terror infrastructure in the area of Jabalya in the northern Gaza Strip, as well as efforts by Hamas to rebuild its operational capabilities in the area.” In practice, the renewed offensive has been far more widespread than the Jabalya refugee camp.

The operation comes at a time when the Israeli government is known to be considering several plans to reset the war in Gaza.

Eiland last month proposed forcing all civilians out of northern Gaza, including Gaza City, and then cutting off all supplies to the area. The goal, he said, was to force a reset in the war and upend Hamas leader Yahya Sinwar’s calculus. “The reality today in Gaza is that Sinwar is really not stressed,” he said in a video released at the time.

On Monday, the Israeli military’s Arabic-language spokesperson ordered all Palestinians in Gaza’s northern-most communities – Beit Hanoun, Jabalya, and Beit Lahia – to leave and relocate to Al Mawasi, an Israel-declared “humanitarian area” in southern Gaza that has nonetheless come under intense aerial bombardment for months.

The military on Saturday added additional mandatory evacuation zones, dropping flyers and posting on X, ordering people in the Nazla area and more areas of Jabalya to leave.

The military “is operating with great force against terrorist organizations and will continue to do so for an extended period,” Avichay Adraee said on X. “You must evacuate the area immediately via Salah al-Din Street to the humanitarian zone.”

Most intense action

“Virtually the entire area is under evacuation orders, and thousands of families have been forced to flee amid intense airstrikes and military operations on the ground,” WFP said in a statement on Wednesday. “With the main aid crossings into northern Gaza closed and WFP-partner kitchens forced to shut down, WFP is no longer able to distribute food in any form to families that desperately need it.”

“Even the basic necessities of life for the besieged people are unavailable,” Ibrahim said. “There is no safe drinking water, no adequate or healthy food, no medicine, no treatment, and no hospitals. They are working at minimum capacity and are exhausted. Even the safe places are bombed with shells and rockets.”

Dr. Hussam Abu Saifiya, director of the Kamal Adwan Hospital in northern Gaza, said the facility was informed by the Israel Defense Forces (IDF) Tuesday that medical staff and patients must evacuate the hospital “within 24 hours.” They were not told where to go, he said. Al Awda and the Indonesian hospitals have also been ordered to leave, according to local officials. Hospital officials say Israel’s intense bombardment of the area makes it impossible to leave safely.

Meanwhile, seven attempts this week by the World Health Organization to reach northern Gaza were “denied or impeded,” Director-General Dr. Tedros Adhanom Ghebreyesus said Thursday.

“The team was unable to carry out the medical evacuation of critical patients from Kamal Adwan, Al-Awda and Indonesian hospitals to Al-Ahli and Al-Shifa, due to delays of over 10 hours at checkpoints,” he said in a statement on X.

This post appeared first on cnn.com

Ukraine’s incursion into Russia’s Kursk region is now entering its third month, with scores of settlements still firmly under its control.

The operation marked the first time foreign troops entered Russian territory since World War II – embarrassing the Kremlin and proving to Kyiv’s backers and the rest of the world that Ukraine’s military was not perpetually on the back foot.

Some nine weeks later, Ukraine’s advance has stalled, and neither side has made major gains or counterattacks in recent days.

The endgame is unclear. Analysts believe Kyiv is trying to use its initial momentum for a morale boost and a potential bargaining chip, while Russian President Vladimir Putin is trying to downplay the entire incursion and limit the resources Russia’s war machine devotes to countering it.

What’s the latest on the ground?

Ukraine has maintained a foothold in Kursk of about 786 square kilometers (300 square miles), according to the latest assessment by the Institute for the Study of War (ISW), a think tank in Washington, DC.

Ukraine’s main foothold is around the Russian town of Sudzha and its military is trying to establish a second foothold around Veseloe village. Ukraine has not disclosed how many troops it has sent to the region.

Russia has deployed a reasonably large number of troops – estimated at 40,000 – to defend and counterattack in Kursk, but analyst Mark Galeotti described the initial force as “built from wherever they can find,” with Russia using conscripts and reservists at the outset of the incursion.

Moscow has since deployed more experienced forces, but not as many resources as Russian civilians in Kursk would perhaps want.

As fighting in the area continues, Russian authorities say more than 100,000 civilians have been displaced, while many others find themselves living behind Ukrainian lines.

“Over time, there is a degree to which the Kursk operation has become normalized,” Galeotti said. “We shouldn’t assume that Russians have just come to accept it… I think Putin has managed to postpone judgment, but I don’t think it’s been completely waived.”

Why hasn’t Russia’s response been stronger?

Russia is trying to avoid diverting any resources from the frontlines of its full-scale invasion of Ukraine to fight in Kursk.

Although the incursion was initially a shock to both the government and ordinary Russians, “the Kremlin has played this down,” according to John Lough, an associate fellow at Chatham House’s Russia and Eurasia Program. “The strategy is to distract the population from what’s happened, which is undoubtedly a major embarrassment, and to create the impression that this is not serious.”

Putin’s government has characterized it as a “raid” and even downplayed their counterattack as a “counterterrorism mission.”

One Russian military blogger put the normalization into stark words, saying: “Most of Russia has already got used to the fighting near Kursk… Those who have nothing to do with the Kursk region are rather sluggishly interested in what is happening.”

Frontlines are moving only slightly, but the fighting is reportedly fierce, with Russian forces deploying numerous drones, barrel artillery and aerial bombers, according to the Ukrainian commander.

“They don’t hesitate to drop a bomb on a tree line if they assume we have troops there,” Ukrainian battalion commander “Kholod” said. He claims Russia has now sent a powerful group of troops and combat brigades to where his unit is fighting in Kursk, and argued the Russian counterattack was staved off by Ukraine’s drone and mine attacks.

What has Ukraine achieved?

The incursion into Kursk likely had multiple goals, analysts say, including giving Ukraine a narrative win.

“Their goal was to demonstrate to Ukraine’s Western allies that the Russians are vulnerable and that there are limits to their ability to deploy combat power,” said Lough, adding that the incursion also highlighted how “Russia’s red lines are rhetorical.”

Yet Ukraine’s goal of diverting troops from the eastern frontline to Kursk has so far failed.

Kursk could still be a bargaining chip for negotiations in the future, though, experts said.

“By taking this territory, they immediately ruled out the possibility of both the Russians and the Western allies saying, ‘Now it’s time to stop. Let’s have a ceasefire,’” Lough said.

Focus still on eastern Ukraine

Meanwhile, the primary focus of the war remains on the frontlines in Ukraine’s eastern Donbas region, where its troops are fighting to retain control of the strategic city of Pokrovsk.

Rather than focus resources on liberating their own territory, the Russian military has expanded its assaults on multiple fronts in Ukraine, including in key areas of Kharkiv, Donetsk and Zaporizhzhia.

“It seems to be a very high priority for the Kremlin to advance as far as possible in Donbas, regardless of the losses,” Lough added. “There is a sort of window that is about to close, because you get to this time of year when the roads turn to mud.”

Russia’s daily attacks on Ukraine continued Thursday, with several people killed in the regions of Odesa, Kherson and Donetsk.

This post appeared first on cnn.com

It was the perfect feel-good story, just in time for Christmas.

On December 20 last year, the United States secured from Venezuela the release of 10 US citizens – six of them wrongfully detained – in exchange for a close ally of authoritarian President Nicolas Maduro and a commitment from Caracas that it would stop detaining Americans to use as negotiating pawns.

“The administration has made abundantly clear the expectation that additional Americans are not detained, and has secured commitments along those lines,” a cheerful US official announced at the time.

That deal, which also included the extradition of a former military contractor known as “Fat Leonard” who orchestrated the largest corruption scandal in US Navy history, was hailed as a thawing of relations in the long-running standoff between the countries that has seen the US impose sanctions on Venezuela and accuse its leader of illegally usurping power, abusing human rights and trafficking drugs.

But fast-forward to nearly a year later and the vibe has turned more Halloween trick than Christmas treat.

Venezuela recently announced it had detained at least four US citizens, along with a handful of other foreign nationals, alleging they were part of an international conspiracy masterminded by the CIA and Spanish intelligence to overthrow Maduro.

That claim has been strongly denied by both the US and Spanish governments.

The US State Department has said the claims are “categorically false” and intimated that the detentions are linked to American criticisms of Venezuela’s disputed presidential election, which Maduro claims to have won despite widespread skepticism. The United States “continues to support a democratic solution to the political crisis in Venezuela,” the State Department said, pointedly, when commenting on the allegations.

So, is there anything to Venezuela’s claims? And if not, what does Maduro hope to gain by returning to an old playbook?

Hollywood script and a convenient bogeyman

The details of the alleged plot read like the script of a Hollywood thriller. Maduro’s interior minister Diosdado Cabello claims the detained foreigners – who also included two Spaniards and a Czech – were part of a shadowy unit who traveled to Venezuela to kill Maduro, apparently motivated by the up to $15 million reward the US Justice Department offered in 2020 for information leading to his arrest or conviction.

According to Cabello, the plot not only involved the CIA but was led by an active duty US Navy Seal, and involved a shipment of 400 (now seized) US-manufactured rifles and other firearms.

Two other US citizens, Cabello claims, were “hackers” intent on disrupting Venezuela’s chronically inefficient power service. (Not the first time Cabello has cried foul over blackouts; he alleged “terrorist actions” by the opposition were behind a late-August blackout that affected at least nine Venezuelan states and dozens of cities including the capital Caracas.)

Intriguingly, White House spokesperson John Kirby confirmed that the man Caracas identified as the alleged ringleader – Wilbert Castañeda – is an active service member in the US Navy whom, Kirby said, went to Venezuela on “personal travel.” Other media have reported that Castañeda, who is a dual Mexican-US citizen, used to serve as a Navy Seal but was stripped of his status sometime in the past.

Given the nature of the allegations, Venezuela’s claims are almost impossible to independently verify.

But then skeptics might say that’s exactly the point – that for Maduro, the CIA is merely a convenient, tried-and-tested bogeyman.

Maduro has in the past also alleged, without proof, that the US government and former US President Donald Trump were behind a 2018 assassination attempt in which an explosive-laden drone detonated mid-air during one of his speeches (an ‘attack’ prosecutors initially tried to pin on then-Colombian President Juan Manuel Santos). Maduro has also alleged, again without evidence, that the CIA and Washington in general were to blame for an insurrection in April 2019, and in September of the following year his government detained US citizen Matthew Heath on allegations of spying on oil refineries in the state of Falcon. Heath was later released in a prisoner exchange, and the US government has always denied involvement in any of the alleged schemes.

All that said, Maduro knows there is an audience receptive to such narratives, precisely because the CIA does have a well-documented history of meddling in the region. And it’s likely not lost on him that the US was aware of a plot to overthrow his predecessor, Hugo Chavez, weeks before a coup d’etat was attempted in 2002.

‘Loose dogs’, or a threat from within?

Still, even among those in the Venezuelan government who believe the security services have stumbled on some kind of plot, there are some who are skeptical of Cabello’s claims of CIA involvement.

“I think these are more loose dogs than a real involvement from the US government, because everyone knows that removing Maduro by force would only escalate the conflict around Venezuela,” said a government source who, like other people consulted for this article, asked not to be named due to the confidential nature of the topic.

“But you cannot underestimate the allure of the ($15 million Department of Justice) reward especially for crazy adventurers, or do you really believe a Navy Seal on active duty travelled to Venezuela for a summer romance?” the source said.

One scenario that doesn’t seem to be under consideration in Caracas’ corridors of power is whether a plot could have originated from within the country.

That may sound surprising, given Maduro has alienated vast swathes of the population with his election ‘victory’ and subsequent crackdown on the opposition. He has also likely alienated some of those within his own government with his habit of chopping and changing key personnel on a whim.

But while it’s not impossible to imagine former Chavistas plotting to bring Maduro down, a more likely explanation may simply be that the Venezuelan leader has cooked up the whole story for political leverage against his old foe, the US.

If so, what does Maduro think he has to gain?

A negotiating tactic?

The obvious answer leads back to the election. In October last year, before the release of “Fat Leonard” and Co, Maduro had promised the US that Venezuela’s election would be free and fair. And as recently as six months ago, the economic community in Caracas was hoping it would be at least fair enough for the US to lift its remaining oil sanctions and bring Venezuela back into the fold of the world’s democracies.

The subsequent electoral farce, and Maduro’s desertion of his commitments to restore democracy, pulverized those hopes and made it clear that any further steps toward reconciliation would have to be painfully negotiated by diplomats.

It would seem Maduro sees the newly detained Americans as pawns to be used in those negotiations, with a view to quieting US criticisms of the election, and as leverage in any sanctions negotiations.

It’s an approach that sends a calculated message to US President Joe Biden, whose administration has prioritized the release of US citizens unjustly detained abroad – having reached similar deals with Russian President Vladimir Putin over the releases of WNBA star Brittney Griner and the Wall Street Journal journalist Evan Gershkovich.

But beyond Biden, the detentions are also a message to the new Commander in Chief, be it Kamala Harris or Donald Trump.

Since the disputed vote in Venezuela, the State Department has only minimally acted against the country, imposing personal sanctions on 16 individuals and calling for Venezuela to release the full voting ballots to clarify the result.

While the US has imposed economic sanctions on Venezuela’s oil exports for years, a special authorization allowing oil company Chevron to operate in the country is still valid despite the international outcry this summer.

Whoever wins the US election in November will have the fate of the detainees weighing on them when they are faced with deciding whether to continue that minimal approach or to turn the screw.

And they can forget any hope that the detainees’ fate can be left to the courts.

“You cannot even talk of a trial, to be honest,” said a lawyer who represented US citizens wrongfully detained in Venezuela in the past. “In most cases, there’s no file with the charges presented against your client, you don’t have access to the investigation, there are no witnesses, and you cannot present new evidence, all of those proceedings happen in a court, but they’re a farce.”

“It’s frustrating, you basically go to court, and you know nothing ruled there will make any difference for your client,” said another lawyer, whose client was released after spending more than two years in jail without being sentenced.

So, what’s Maduro’s bottom line?

Even for those convinced that Maduro has cooked up the plot to gain leverage with the US, there’s one mystery left: his preferred endgame.

In previous negotiations over prisoner exchanges, Maduro was able to obtain the release of his alleged money fixer, Alex Saab, and of two of his wife’s nephews who were serving time for trying to smuggle 800 kilograms of cocaine into the United States.

He was also able to secure the withdrawal of some of the oil sanctions the US imposed on Caracas in recent years.

This time around, with none of his close associates in US hands, it’s unclear what Maduro could ask at the bargaining table other than legitimacy and further sanctions withdrawal.

Likewise, it’s unclear how a new US administration would entertain the idea of giving in to – and being seen to give into – an authoritarian bully.

Hostage negotiation is an awkward topic for any government, none more so than the United States, which has in the past made a point of refusing to engage with kidnappers.

On the other hand, the US may decide the freedom of its citizens are worth whatever limited concessions Maduro is seeking.

As one of the people involved in last year’s negotiations put it: “Free societies decide that no innocent man should be in jail. When you accept that a criminal walks free but no detainee is innocent, that is real freedom.”

This post appeared first on cnn.com

Former Scottish First Minister Alex Salmond has died at 69, according to statements from Scotland’s main political parties and UK media reports.

Salmond was taken ill while in North Macedonia, collapsing after delivering a speech on Saturday, according to British media reports.

“I will never be able to thank Alex for all his lessons, advice, guidance, mentorship, love and friendship and for everything he did for Scotland. For many years he was the father of the nation and for several years he has been a father-like figure to me. All of our thoughts are with all of the family and everyone across Scotland who are in mourning,” the General Secretary of Alex Salmond’s Alba Party Chris McEleny said Saturday.

British Prime Minister Keir Starmer said: “For more than 30 years, Alex Salmond was a monumental figure of Scottish and UK politics. He leaves behind a lasting legacy. As First Minister of Scotland he cared deeply about Scotland’s heritage, history, and culture, as well as the communities he represented as MP (member of parliament) and MSP (member of the Scottish parliament) over many years of service. My thoughts are with those who knew him, his family, and his loved ones. On behalf of the UK government, I offer them our condolences today.”

Salmond stood down as first minister and SNP leader following defeat in the September 2014 referendum on Scottish independence, which he had long championed. He was replaced by First Minister Nicola Sturgeon. He later campaigned for Scotland’s independence under the newly formed Alba Party, which he founded in 2021.

After losing his seat in parliament, Salmond remained a major figure in both Scottish and British politics, working as a commentator and hosting the Alex Salmond Show on Russian state broadcaster RT.

In 2018, he took the country’s government to court over accusations of sexual misconduct made against him. Salmond said the Scottish government denied him the opportunity to properly defend himself against the claims, which related to his alleged behavior toward a member of staff at the official Bute House residence, according to the Daily Record of Scotland.  Salmond was eventually cleared of all charges by a jury in a March 2020 trial.

“The sad news of Alex Salmond’s passing today will come as a shock to all who knew him in Scotland, across the UK and beyond. Our thoughts are with his family and friends at this difficult time and on behalf of Scottish Labour I offer our sincere condolences to all who will be mourning his loss,” said the leader of the Scottish Labour Party Anas Sarwar. “Alex was a central figure in politics for over three decades and his contribution to the Scottish political landscape cannot be overstated.”

The Scottish National Party (SNP) also reposted multiple Scottish media reports of Salmond’s death on social media.

This is a developing story and will be updated.

This post appeared first on cnn.com

Police in Toronto, Canada, are opening a hate crime investigation after shots were fired overnight into the window of a Jewish girls’ elementary school – the second time this year the school was targeted by gunfire, officials said.

The incident occurred around 4 a.m. Saturday at the Bais Chaya Mushka Girls Elementary School on Yom Kippur, the Jewish Day of Atonement and the holiest day of the year in Judaism, Toronto Police Service Inspector Paul Krawczyk said at a news conference.

No arrests have been made and police are not releasing information about suspects at this time, Krawczyk said. The investigation into the incident will be led by the agency’s Gun and Gang Task Force with assistance from its hate crime unit, he added.

There were no injuries or reports of gunshots heard, and the building was empty because the school is currently closed for the Jewish High Holidays, Krawczyk said. In a news release, police said the suspect or suspects were in a motor vehicle when they discharged a firearm at the school. Evidence of gunfire was located at the scene, the release said.

The same school was also hit with gunfire in a similar incident in May, Krawczyk said.

“I appreciate the significant trauma that this can cause those in the Jewish community,” he said. “While we can’t say whether these incidents are connected at this time, it’s certainly a key aspect of our investigation.”

Krawczyk said officials would consider releasing video camera footage from the incident, which will be examined as part of the investigation. The agency has increased police presence in Jewish neighborhoods in recent weeks and will also do so at the school as the investigation unfolds, Krawczyk said.

“We’re asking anyone who is in the area or who could have dash cam footage or other CCTV footage to please step forward and provide us with that evidence. Your help is vital to the work we do and to find those responsible,” he said.

Canadian Prime Minister Justin Trudeau released a statement on the shooting, saying: “I’m very disturbed to hear that last night, as families marked Yom Kippur, there were shots fired at a Jewish school in Toronto.”

“As we wait for more details, my heart goes out to the students, staff, and parents who must be terrified and hurting today,” Trudeau said on X. “Antisemitism is a disgusting and dangerous form of hate — and we won’t let it stand.”

This post appeared first on cnn.com

It seemed like an unlikely stage for Kanye West to unveil his new music.

But last month the American rapper – now known as Ye – held not just one but two sold-out “listening parties” in China, a country that imposes some of the toughest censorship in the world.

Playing on the southern Chinese island of Hainan, his first concerts in the country in 16 years, Ye astounded fans by announcing his new album “Bully” and left some wondering why the country’s ruling Communist Party would allow such a controversial artist to perform.

Just six years ago, Chinese authorities clamped down on hip-hop, blacklisting songs and dropping rappers from shows. Its media regulator banned Chinese television from featuring “actors with tattoos (or depict) hip-hop culture, subculture and immoral culture.” One Chinese rapper, PG One, even apologized for lyrics that came under fire for glorifying drugs and sex.

As well as his own frequent lyrical references to sex and drugs, along with cutting social and political commentary, Ye has made a number of controversial statements in his personal life. He wore a “White Lives Matter” T-shirt in public, and an antisemitic outburst he made lost him an extremely lucrative sneakers deal with German brand Adidas.

Yet, he managed to stage his “Vulture Listening Experience” at the Wuyuan River Sports Stadium in Hainan’s provincial capital Haikou, an arena with more than 41,000 seats, on September 15 and September 28.

He is among a growing number of Western artists returning to the world’s second-biggest economy since the lifting of Covid restrictions.

The Chinese Communist Party, which views popular culture as a key ideological battleground, has long kept the entertainment sector on a tight leash with stringent censorship. But it has also encouraged its growth, especially its domestic industries like film and music, often using them to instill patriotism.

Under Chinese leader Xi Jinping, the party has grown ever more focused on ideological and cultural control. The dazzle of stardom and the frenzy of fandom are increasingly viewed as a dangerous, pernicious influence – especially on the country’s youth.

In 2021, the party cracked down on China’s entertainment industry and what it called “toxic” celebrity culture, accusing it of “advocating wrong values” to Chinese youth.

Experts say Ye’s shows could mark a turning point. Allowing him to play shows in China “sends a signal that Western artists are welcome to play in China if they comply with local restrictions,” said Chen Dan, an associate professor at the University of Richmond’s political science department.

Several other American megastars have also recently set their eyes on performing in China.

Mariah Carey performed two shows in Beijing in September, sharing photos on X of her visiting the Great Wall of China with her children. John Legend also played gigs in Beijing and Shanghai in October.

American singer Charlie Puth is also set to perform in China in early December.

Boosting China’s economy

Letting in these Western stars could be a way for Beijing to boost consumer spending, Chen says, as it tries to revive a flailing economy plagued by high youth unemployment, a protracted property crisis and lukewarm consumer confidence.

In recent weeks, the country has unveiled a raft of stimulus measures, including freeing commercial banks to lend more money and making borrowing cheaper. The government also announced rare cash handouts to disadvantaged citizens while pledging subsidies for recent graduates struggling to find a job.

“The primary motivation for approving Kanye West’s performance may be commercial, that is, to revive the cultural and tourism industry,” Chen said. “China needs commercial revival and more cultural exchange.”

Chinese state media has boasted about the economic benefits Ye’s concerts brought to the tropical island, praising the rapper for “not only firing up his fans, but also sparking a surge in the local holiday tourism economy.”

Almost all fans at his first performance came from outside the province, with the highest ticket sales recorded in major cities such as Shanghai and Beijing, according to state-run China Daily.

Ye’s first show coincided with the first day of the Mid-Autumn festival holiday, and the average hotel occupancy rate in Haikou jumped by about a half to 83%, year on year, on the same holiday a year earlier. Travelers generated an estimated 373 million yuan ($52.6 million) in tourism revenue for the port city, according to state-run news agency Xinhua.

China’s growing music market also represents a massive opportunity for artists and labels looking to expand their audiences and generate revenue, and for domestic companies looking to capitalize off the growth.

One of the fastest-growing in the world, China’s music market became the fifth-largest market globally in 2022, according to IFPI, a trade body for the recorded music industry. China’s recorded music revenues grew 28.4% in 2022 from the year prior, compared with the global market rise of 9%, IFPI said.

But the embracing of foreign acts also poses a conundrum for Beijing.

“Local governments always want more concerts and activities to boost [the] local economy, while the higher authorities allegedly require more and more vetting of lyrics and contents,” said Hung Ho-fung, sociology professor at Johns Hopkins University.

Top stars blacklisted

But while there is a strong financial incentive to crack China’s market, the country’s tough censorship and stringent oversight of performances, including the unpredictability of having shows canceled at the last minute, have presented challenges for artists in the past.

In 2015, two fairly uncontroversial American rock bands – Bon Jovi and Maroon 5 – both had planned shows in Beijing and Shanghai abruptly canceled.

Bon Jovi’s management did not address media queries at the time but social media users speculated the decision may have stemmed from the band’s 2009 video for “We Weren’t Born to Follow,” which featured imagery of the 1989 Tiananmen Square pro-democracy protests in Beijing – a taboo topic for the Chinese government. Others pointed to a 2010 Bon Jovi gig in Tokyo that featured images of the Dalai Lama – a staunch enemy of Beijing – on the stage background.

In the case of Maroon 5, no official reason was given but many speculated that permits had been pulled over a band member wishing the Dalai Lama happy birthday on social media.

Similarly, promoters for Oasis said they were forced to cancel mainland China shows in 2009 after authorities reportedly discovered a member of the British rock band had played at a Tibetan Freedom gig two years earlier. The rest of the band’s Asia tour, including a concert in Hong Kong, went ahead as planned.

Other US musicians such as Justin Bieber, Jay-Z and Lady Gaga have been barred from even entering China.

Bieber “engaged in a series of bad behaviors, both in his social life and during a previous performance in China,” China’s Ministry of Culture announced in 2015, without going into details.

American rapper Jay-Z’s debut concerts in the country were canceled in 2006 because the Ministry of Culture “decided to protect the city’s hip-hop fans from nasty lyrics about pimps, guns and drugs,” according to state-run newspaper China Daily.

Some analysts and Chinese fans have speculated whether Ye may have gotten a pass to perform in Hainan because of his brief time living in China as a child. The rapper lived in the eastern Chinese city of Nanjing for a year while his mother was teaching at Nanjing University, according to China Daily.

“Kanye West’s childhood experience in Nanjing may have made him an artist to welcome in China,” Chen, from the University of Richmond, said.

Ho, from Johns Hopkins, said it’s too early to tell whether Ye and others’ progress in China will inspire more artists to play there.

Logistical challenges like securing visas, obtaining permits and official approval, play a major role in the decision-making process for bands and their management, which are also concerned about the backlash of having to self-censor and staging up a show deprived of spontaneity.

“This tightening scrutiny, on top of the sluggish economy, makes many foreign performers simply decide not to bother and skip China,” he said.

But he added: “If the recent stimulus works, and leads to a genuine and sustained rebound of consumption, Western entertainers’ calculation may change and (they may) become more willing to take the trouble and the risk.”

This post appeared first on cnn.com

Aspiring members of Donald Trump’s potential second administration gathered Thursday at Washington’s Royal Sands Social Club — a bar designed to resemble the state of Florida — for a fundraiser that felt like a victory party.

Chris LaCivita, the campaign’s top strategist, told the crowd of lobbyists and former administration officials that the former president would collect at least 289 electoral college votes in November — enough to secure the White House. Vice President Kamala Harris, he added, had plateaued in internal data, according to multiple attendees.

“Everyone in the room told me we were going to win,” said one person, who described the mood as “jubilant” and who like others spoke on the condition of anonymity to describe private events.

Less than 24 hours later, Harris campaign chair Jen O’Malley Dillon convened a Friday all-staff Zoom meeting to also predict victory — but with a much more sobering message. Nothing was certain, she told the roughly 3,000 staffers who joined the call.

“This is not going to be a race where one day we wake up and the sun shines and the clouds part and we’ve won by five points,” O’Malley Dillon told the team, according to someone who was on the call. “It’s just not that kind of race. It is tight, and we are going to just keep driving. Our data is telling us that we are winning and we are going to stay ahead, but it is by the skin of our teeth.”

The opposing messages were delivered as both campaigns have independently come to what is actually a shared understanding of the state of the race. Internal polls on both sides roughly match the public numbers that show the race in the seven battleground states within the statistical margin of error and mostly unchanged in recent weeks. Both campaigns calculate victory based on their own turnout models.

But the two camps are treating that information in divergent ways. Trump’s team has embraced bravado as it tries to keep its candidate on message and encourage him to avoid the sort of high-profile national audiences that might motivate Harris’s supporters.

Trump declined Fox News’s invitation to another presidential debate within hours of the offer this week, giving up a potential audience of about 75 million Americans. He announced rallies in California and New York — uncompetitive states where no Republican has won an electoral vote in 35 years. He authorized the leak of internal polling that showed a statistically tied battleground race with the cheerful conclusion: “Trump holds an edge.”

“You communicate and you push and you demonstrate that you are ahead,” LaCivita said in an interview Friday. “But you run like you are behind.”

Vice President Kamala Harris’s team has, by contrast, embraced the “underdog” spirit of her July launch, hoping to motivate more action from her supporters and grab the attention of those sitting on the sidelines.

Top aides spent last week warning that the $1 billion they raised in 80 days was not enough — never mind the roughly 3-to-1 spending advantage over the Trump campaign in August. The Harris campaign deployed former president Barack Obama to admonish Black men for their somewhat soft support of the vice president, as she called for another debate and hustled between mainstream television programs that Trump has avoided.

In the face of Trump’s cockiness, the Democratic mood has dipped to a mix of desperation and determination. Several people close to Harris conceded they had lost some momentum — and needed something to stir the race up. Harris advisers say they need more ad spending, more paid canvassing, more volunteer energy, more media placements, more surrogates and more activity from their candidates on bigger platforms. Even as they dominate most advertising mediums, they have begun to fret about Trump’s advantage in direct mail, shifting funds to deal with what the tracking firm Mintt says is a 4-to-1 Republican advantage.

“It’s going to take all of us together,” O’Malley Dillon told her team on the Friday Zoom call. “So feel confident in the plan.”

At the core of the calculations of both campaigns are separate research finding that many of the targeted voters in key states still do not have fully formed views of Harris, who only became a candidate for president in July. Views of Trump, by contrast, are nearly universally set. That has made it more important for Harris to make a splash in the final weeks.

“The more people see the real Kamala Harris and the real Tim Walz, the more that I believe they will do the comparison and vote for her,” Rep. Debbie Dingell (D-Mich.) said, referring to the nominee and her running mate, the Minnesota governor. “We’ve got to get people energized in this state because it’s coming down to voter turnout. We’ve got to see passion.”

The lack of definition around Harris has also shaped the advertising wars. Ads for the vice president mostly seek to provide contrast, mixing positive introductory messages about her and her plans with negative depictions of Trump.

The Trump campaign instead has focused its recent advertising on trying to define Harris as an extreme ideologue who is not on the side of regular Americans. The strategy echoes the approach of other incumbent presidents, like Obama in 2012 and George W. Bush in 2004, who seek to define their newcomer opponents as out-of-touch before they can fully introduce themselves to the American people.

The Trump campaign has put the most money in October advertising behind ads about Harris’s past support for taxpayer-funded gender-reassignment surgery for prisoners, according to AdImpact. The Harris campaign has called the ads “false,” pointing to federal court rulings that have upheld the right for inmates to get health care, but has not clarified her position on the issue.

The Trump ads run in both English and Spanish, often around sporting events with more male audiences. “Kamala is for they/them. Donald Trump is for you,” one of the spots concludes.

Trump has also chosen to focus on his rallies, which tend to be watched primarily by his supporters. In a sign of her desire to elevate the race, Harris has repeatedly urged more Americans to tune into Trump events, which are rarely covered by the major cable news networks, to see what he is offering.

Karoline Leavitt, the press secretary for the Trump campaign, said in a statement he would win “because he is out working Kamala Harris every day.” The Harris campaign declined to comment for this story.

Several Trump advisers said they did not see an upside to doing a second debate because they believe Harris needs a momentum moment more than they do. In the final weeks, the campaign is likely to focus advertisements on immigration, the economy and a clip on the television show “The View” where Harris initially said she wouldn’t do anything differently than Biden during his term before citing appointing a Republican to her Cabinet.

“People say, ‘Why aren’t we doing the debates?’ The question is, ‘Why do them?’” another Trump adviser said. “They could try to create a contrast with us. We’re going to starve her of that opportunity.”

Tony Fabrizio, the campaign’s pollster, has urged the campaign to talk about the economy. Campaign advisers have discussed limiting interviews and appearances outside of rallies.

Public polling averages have been so close for so long that divining their meaning has become a matter more akin to faith than science. Between Harris’s entrance in the race and early September, high-quality national public polls have shown the Democratic ticket move from a two-point deficit to a two-point advantage against Trump, with corresponding movements in most swing states. But that drift slowed or stopped in recent weeks — leaving a largely stable race that can be interpreted different ways depending on one’s assumptions of who will actually turn out to vote and how the polling sample is designed.

The differing vibes from the two campaigns also reflect the differing styles of the candidates. In each of his races for the White House, Trump has exaggerated his dominance, often citing polls that have no statistical significance. He frequently encourages those around him to shower him with praise. Before landing in Pennsylvania this month for a rally in Butler — the site of a July 13 assassination attempt on his life — he gathered with his advisers at the window of his plane to look at the crowd down below, which appeared similar in size to other events.

“It’s a monster,” one of his top advisers said, according to a video of the exchange posted on X by Rep. Mike Waltz (R-Fla.). “It’s a lot of people. I don’t think I have ever seen that much before.” Trump agreed, as others praised him on the plane.

LaCivita kept up that same enthusiasm Thursday night when he told the fundraising crowd in Washington that Harris had to place more advertisements on TV because they didn’t have a good message. He described polling that he said showed Trump ahead in major states and crowed that Trump had a better message, according to people present. A second attendee said people were partially there to network for jobs in a second Trump administration.

Harris, by contrast, has less interest in such positive talk. Aides say she has become more comfortable in recent weeks accepting unscripted appearances on news shows, at town halls and on podcasts as it has become more clear to her campaign that she needs to communicate with more voters.

Former congressman Conor Lamb (D-Pa.) said Trump holds a slight edge over Harris in western Pennsylvania — though he said that in conversations with voters in recent days, Harris still has an opportunity to win over Trump-leaning voters. He said he recently spoke to someone who voted for Trump in 2016 and Biden in 2020, and was 60 percent likely to vote for Trump again, attributing his preference to Trump because he is a known quantity.

“That tells me though that if Trump hasn’t fully closed the deal, Harris still has an opportunity if people get a chance to know her,” he said. “Trump knows that people are not going to change their opinions on him very much regardless of what he says or does. Her strategy to be more active and visible makes sense.”

This post appeared first on washingtonpost.com

Vice President Kamala Harris’s doctor said in a letter Saturday that she is in “excellent health” as she released her first medical report in an effort to draw a sharp contrast with her 78-year-old opponent, Republican Donald Trump.

The letter, from Joshua R. Simmons, Harris’s physician for the past 3½ years, concludes that the 59-year-old Harris “possesses the physical and mental resiliency required to successfully execute the duties of the presidency.”

Harris had a physical in April that was “unremarkable,” according to the letter, and she has only minor medical conditions. She has seasonal allergies and urticaria, a common skin condition that can cause itchy, raised bumps or welts on the skin. Her allergies have been managed with over-the-counter and prescription medications, according to the letter, and Harris has been on allergy immunotherapy for the past three years, which her physician said has greatly improved both her allergy and urticaria symptoms to the point that she no longer needs regular medication.

Harris released the letter as her campaign seeks to draw more attention to Trump’s health and age and paint them as liabilities to his capacityto serve as commander in chief, according to a senior Harris aide, who spoke on the condition of anonymity to freely discuss a sensitive issue. The letter, which provides information including Harris’s blood pressure, heart rate and blood oxygen level, stops short of a full medical report.

Trump has refused to release his medical reports since entering the presidential race, which Harris’s advisers see as an opportunity to draw attention to questions about his age and mental acuity. In recent weeks, several Harris aides and surrogates have sought to draw more focus to Trump’s rambling speeches and confusing answers, especially during unscripted moments. He frequently mixes up names, dates, cities and countries when recalling events.

Harris is releasing the letter from her doctor as polls show she and Trump have been in a deadlocked race for several weeks and her campaign says they expect a race that will come down to razor-thin margins.

Democrats were careful not to draw attention to the issue of age when President Joe Biden, 81, was the party’s nominee, and the White House was extraordinarily defensive of questions about the president’s mental acuity and ability to serve for another four years — especially after a halting debate performance in June that ultimately led Biden to drop out of the race.

Since Harris’s ascent to the top of the ticket, however, Democrats and the Harris campaign have aimed to make Trump’s age a liability. In the final, critical three weeks before Election Day, on Nov. 5, Harris’s campaign is hoping to raise concerns among voters about why Trump has not released more medical information, contrast her age and “vitality” with his, and highlight Trump’s refusal to agree to another debate or mainstream media interviews.

Trump, who is the oldest person to become a presidential nominee after Biden dropped out of the race this summer, has long guarded even basic health information. Since entering the race last year, Trump has released only a vague, three-paragraph letter from his primary care physician, Bruce A. Aronwald.

In that letter in November, Aronwald wrote that the former president was in excellent physical and mental health He later said in a statement released by campaign officials to The Washington Post that “there is no need for President Trump to release another medical report in addition to the one he recently made public.”

After a gunman grazed Trump’s ear in an assassination attempt in July, Trump released a letter from his former White House physician, Rep. Ronny Jackson (R-Tex.), who described treating a two-centimeter-wide wound to Trump’s right ear. The letter stated that Trump had a CT scan of his head and other tests, but the campaign did not release the results.

Trump’s most detailed health update came in 2018, while he was serving as president. Jackson, who was then his physician, appeared at the White House press room podium and provided details that included a CT scan showing Trump’s coronary calcium score was 133, up from 34 in 2009. At the time, CNN’s chief medical correspondent, Sanjay Gupta, and other experts said the score indicated that Trump had heart disease.

That letter also said Trump weighed 239 pounds, making him borderline obese. In the following two years, Trump’s doctors revealed that his weight had increased to 243 and then 244 pounds, making him obese according to government standards.

But during other points of Trump’s presidency, he and his physicians were misleading about his health, including when he had covid-19 in October 2020, before vaccines were available and the virus was killing thousands of Americans every day. Trump’s infection was far more serious than his advisers acknowledged at the time.

Simmons’s letter noted that Harris’s family has a history of colon cancer, which led to her mother’s death. He said Harris has no personal history of diabetes, high blood pressure, high cholesterol, cardiac disease, pulmonary disease, neurological disorders, cancer or osteoporosis. Harris’s only surgical history is the removal of her appendix when she was 3 years old, Simmons wrote.

Simmons, who holds the rank of colonel in the Army, also wrote that Harris maintains “a healthy, active lifestyle despite her busy schedule, including vigorous daily aerobic exercise and core strength training,” noting that the vice president also “eats a very healthy diet.”

This post appeared first on washingtonpost.com