1677505288 Two new judgments confirm the river cut for the Tajo Segura

Two new judgments confirm the river cut for the Tajo-Segura transfer

Two new judgments confirm the river cut for the Tajo Segura

Two new rulings have agreed with the government on its decision to increase the ecological flow of the Tagus (the minimum amount of water that must circulate), which means a reduction in the amount of water directed into the Mediterranean for irrigation and domestic consumption in Tagus -Segura transfer. The National Court of Justice has dismissed the controversial administrative appeal lodged by the Region of Murcia (ruled by the PP) in 2019 seeking a doubling of the amount transferred, while the Supreme Court has shelved the appeal by the Generalitat Valenciana de Ximo Puig (PSOE), which It was declared in presented in 2021. The two rulings, which add to the same vein to five other previous Supreme Court rulings, come at a time when water warfare has resumed, having come into force mid-this month, a recent cut in the amount of water that can be transferred, something that rejected by Murcia, Andalusia and the Valencian Community (who presented new resources) demanding more water, while Castilla-La Mancha celebrates it.

The judgments known today respond to two appeals that do not take into account the last change in ecological flow, which was set at an average of 6 cubic meters per year and has now increased by 7 cubic meters per second in Aranjuez since the approval of the Basin Rehabilitation Plan until 2026. In January this year it will increase to 8 cubic meters, and in 2027 to 8.6. The greater this flow, the less water can be diverted to be sent to Murcia, Andalusia and the Valencian Community.

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Murcia’s appeal protested because a transfer of 7.5 cubic hectometers from the Entrepeñas-Buendía reservoirs had been ordered in November 2019, while the Murcia executive asked for 14.7 hectometers, claiming the Tagus had sufficient reserves to allow them that to send what they requested The applicants understood that the government did not adequately justify its proposal for a reduced transfer, which was rejected by the First Division of the contested Administrative Chamber of the National Court, which also concluded that the Ministry of Ecological Transition with “Prevention and precaution” acted “before the hydrological situation. This judgment will be appealed.

Meanwhile, the Supreme Court rejects the appeal of the Valencian Community, which has requested the repeal of Royal Decree 638/2021 of July 27 (BOE of the following day), which establishes various regulatory provisions for transmission through the Tajo-Segura Aqueduct approved. at the same time sentenced Ximo Puig’s government to bear the costs. This claimed that some mandatory reports were missing, such as that from the National Water Council, but the Supreme Court understands this absence “does not invalidate” the royal decree.

Immediately after the announcement of these two new judgments, the President of Castile-La Mancha, Emiliano García-Page, celebrated this Monday the last two judgments which, as he stressed, “make it very clear that we have the right to water”. and that the exploitation rules of the Tagus-Segura transfer were “unfair”. During an event in Torrijos (Toledo), he announced that he would demand that the Spanish government not exhaust the existing one-year deadline to change the exploitation rules for the transfer and be “as early as possible”.

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Two new judgments confirm the river cut for the Tajo-Segura transfer Read More »

A year in prison for hitting his wife during a

A year in prison for hitting his wife during a live performance on TikTok

A man has been sentenced to a year in prison in Spain for beating his wife live on the social network TikTok, a decision all the more rare given that the victim refused to lodge a complaint, the court hearing the case said on Tuesday monday with

In a judgment published on Monday, the Soria City Court (North) found the defendant guilty of ill-treatment and violence against women.

The crime happened on the night of January 27th to 28th in Soria. During a live “battle” on TikTok with three friends in front of a virtual audience of several thousand people, a woman received a punch in the face, so hard you could see her head snapping around and her hair flying.

The court emphasized in its decision that the gesture brought tears to the victim’s eyes.

“The defendant publicly and famously assaulted his wife in front of thousands of people with intent to violate her physical integrity and to humiliate her in public. If it has not caused harm, then it is indeed a case of obvious and actual abuse,” the court said.

The judge who delivered the verdict recalled that crimes against gender-based violence “do not require the victim to report it and the sanction can be imposed once the facts are known.”

An important clarification as the defendant had refused to answer during the trial and the victim had defended her husband.

“This simple live transmission of the slap was enough for the authorities to apply the victim protection protocol, regardless of whether they recognized themselves as such or not,” the judge writes.

The fact that “the victim agrees to the slap and justifies it” does not speak against the sanction, since “in the case of violent crimes against women, as with all serious injury crimes, the consent of the victim is irrelevant and the sanctions apply in any case”.

“This behavior,” the judge continued, “deserves as severe a sanction as possible, since the accused cannot even respect his wife in public.”

The court also sentenced the defendant to three years of estrangement from the victim and a ban on contact with her and a three-year ban on gun ownership.

For twenty years, Spain has made the fight against sexist violence a priority. In 2004, her parliament passed the first law in Europe making the sex of the victim an aggravating factor in the event of aggression.

A year in prison for hitting his wife during a live performance on TikTok Read More »

Uni Select sold to Americans

Uni-Select sold to Americans

Five years after the heartache of one of its founders, Québec automotive paint distributor Uni-Sélect is being taken over by American giant LKQ, which is buying it for $2.8 billion.

“This acquisition further strengthens LKQ’s global automotive parts distribution business,” said Dominick Zarcone, president and CEO of LKQ Corporation, in a statement.

“The transaction offers our shareholders attractive value and cash and represents the culmination of our dedicated team’s efforts to improve our business and increase efficiencies with a focus on excellent customer service,” added Brian McManus, executive president and chief executive officer of Uni-Select, added.

Flagship lost

In 2018, Gaston Trudel, then 94, discovered with regret that Boucherville’s auto parts flagship was considering divesting a subsidiary.

“I think it sucks,” Gaston Trudel, who founded Uni-Select in Saint-Hyacinthe with a dozen other entrepreneurs in November 1968, told the Journal.

Five years later, however, the entire company was sold to Chicago-based American giant LKQ.

– More details to come.

Uni-Select sold to Americans Read More »

Reichstag arsonist EXHUMED to see if Nazis drugged him and

Reichstag arsonist EXHUMED to see if Nazis drugged him and coerced a confession

It was a fire that helped Adolf Hitler consolidate his power in Nazi Germany – and the mystery of who started it has occupied historians for decades.

Dutch communist Marinus van der Lubbe, found guilty that day in 1933 of setting the Reichstag fire, was guillotined and buried in an unmarked grave.

Now, 90 years later, his presumed body has been exhumed – and experts are eagerly awaiting a pathologist’s report to see if the remains contain traces of toxins.

While most historians have long believed van der Lubbe was responsible for the fire, it may be that he was drugged by the Nazis, either to facilitate a truthful confession or to ensure he remained silent about possible co-conspirators.

Adolf Hitler, who had been Chancellor of Germany for less than a month when the Reichstag burned down, used the inferno as an excuse to seize dictatorial power in Germany and crack down on communists and other political enemies.

It has led some to speculate that the fire was a false flag operation to ensure Hitler was able to pull off his takeover, but others think it was sheer luck.

Dutch communist Marinus van der Lubbe, found guilty that day in 1933 of setting the Reichstag fire, was guillotined and buried in an unmarked grave.  Above: Van der Lubbe in court during his trial A monument commemorating van der Lubbe at the Südfriedhof in Leipzig.  It was erected in 1999.  Above: A memorial to commemorate van der Lubbe at the Südfriedhof in Leipzig.  It was erected in 1999

Dutch communist Marinus van der Lubbe, found guilty that day in 1933 of setting the Reichstag fire, was guillotined and buried in an unmarked grave. Above: Van der Lubbe in court during his trial (left); a monument commemorating van der Lubbe at the Südfriedhof in Leipzig. It was erected in 1999

The Reichstag fire on this day in 1933 helped Adolf Hitler consolidate his power in Nazi Germany

The Reichstag fire on this day in 1933 helped Adolf Hitler consolidate his power in Nazi Germany

Van der Lubbe was executed on January 10, 1934 and then buried in the Südfriedhof in Leipzig.

A heavy stone was placed on his coffin. The tomb was opened once before, in 1953, and later a second coffin was placed on top of van der Lubbes.

In 2017, a regulation to ensure that the second coffin was not disturbed expired.

Since there had been a total of 35,000 unmarked graves in the area by then, it was unclear exactly where van der Lubbe was.

But Alfred Otto Paul, 70, the founder of the Paul Benndorf Society, an inheritance organization that maintains graves in Leipzig, used cemetery records and historical maps to narrow his location.

The body was exhumed on January 25 and it was quickly revealed that the person had been decapitated, suggesting it was van der Lubbe.

The main objective of the exhumation was to determine that the body was that of van der Lubbe and to properly mark his grave.

A spokesman for the Paul Benndorf Society told The Guardian that the body has since been identified “beyond a reasonable doubt” as belonging to van der Lubbe.

A pathologist is now examining the remains for toxins and the results are expected in a few weeks.

Adolf Hitler, who had been Chancellor of Germany for less than a month when the Reichstag burned down, used the inferno as an excuse to seize dictatorial power in Germany and crack down on communists and other political enemies.  Above: Hitler with followers

Adolf Hitler, who had been Chancellor of Germany for less than a month when the Reichstag burned down, used the inferno as an excuse to seize dictatorial power in Germany and crack down on communists and other political enemies. Above: Hitler with followers

Van der Lubbe is said to have gone from healthy and energetic to apathetic and unable to blow his nose.  Above: The Dutchman at his trial

Van der Lubbe is said to have gone from healthy and energetic to apathetic and unable to blow his nose. Above: The Dutchman at his trial

Van der Lubbe is said to have gone from healthy and energetic to apathetic and unable to blow his nose.

Journalists at the time of his trial suggested he could be given scopolamine, which has been dubbed a “truth serum” because of its alleged ability to trick those to whom it is given into divulging information.

Some believed that the Nazis used the Dutchman to cover up that they started the fire themselves, although there was never any evidence to prove this theory.

Today a delegation from the Netherlands commemorates van der Lubbe in Leipzig, whose remains have already been reburied.

A memorial stone will be placed on the grave at a later date.

In September 1933 the Chron reported how the German Ministry of Propaganda had claimed that van der Lubbe had been examined by a Swedish criminologist and a Dutch newspaper editor to ensure he had not been drugged while in detention.

Journalists at the time of his trial suggested he could be given scopolamine, which has been dubbed a

Journalists at the time of his trial suggested he could be given scopolamine, which has been dubbed a “truth serum” because of its alleged ability to trick those to whom it is given into divulging information. Above: Van der Lubbe at his trial

Marinus van der Lubbe and his interpreter Meyer-Collings are in the process

Marinus van der Lubbe and his interpreter Meyer-Collings are in the process

Van der Lubbe insisted that he acted alone to inspire others to his cause and to revolt against

Van der Lubbe insisted that he acted alone to inspire others to his cause and to revolt against “capitalist rule and fascist seizures of power”.

It added: “They are said to have received reasonable answers to their questions put to him and observed the remains of a luncheon of sandwiches and chocolate on his table.”

Most historians have long believed that van der Lubbe acted alone to start the Reichstag fire and that the timing was just very lucky for the Nazis.

The eminent British historian Richard Evans dismissed the idea of ​​a Nazi conspiracy to start the fire as a “conspiracy theory”.

Van der Lubbe was the only person arrested in the burning Reichstag.

He repeatedly asserted in the weeks leading up to his execution that he acted alone to rally others to his cause and to rebel against “capitalist rule and the fascist seizure of power.”

A September 30, 1933 Daily Mail news report of van der Lubbe's trial showed him saying The Daily Mail report on the van der Lubbe trial

A September 30, 1933 Chron news report of van der Lubbe’s trial showed him saying “yes” when asked if he was guilty of arson

However, Van der Lubbe had very poor eyesight, no apparent knowledge of the layout of the Reichstag and only a few simple charcoal lighters.

But the entire Reichstag hall remained a smoking ruin.

Historian Peter Black previously told The Smithsonian Magazine that the suggestion that van der Lubbe was solely responsible was wrong.

“I would say that based on the evidence now available, van der Lubbe could not have started the fire alone,” he said.

“It seems likely that the Nazis were involved. But you have nobody who can say: Yes, I saw the Nazis.’

The Reichstag in Berlin is on fire as German citizens look on.  The fire was a political gift to Hitler

The Reichstag in Berlin is on fire as German citizens look on. The fire was a political gift to Hitler

The uproar caused by the Reichstag fire, which was immediately blamed on the “enemy within”, enabled Hitler to be re-elected Chancellor.

The election had been called after the collapse of a short-lived coalition government led by Hitler. It happened just six days after the fire.

By this time, Hitler had persuaded German President Paul von Hindenburg to issue the Reichstag Fire Decree, which suspended civil liberties in Germany.

It led to mass arrests of communists, including all communist deputies in the Reichstag.

This then crippled communist participation in the elections and helped Hitler to victory.

Reichstag arsonist EXHUMED to see if Nazis drugged him and coerced a confession Read More »

Israeli settlers rampage through Huwara Palestinians killed The Washington.jpgw1440

Israeli settlers rampage through Huwara, Palestinians killed – The Washington Post

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HUWARA, West Bank — Dozens of Israeli settlers rampaged through Palestinian towns, setting cars and houses on fire and killing a man, hours after a Palestinian gunman killed two Israelis.

The scenes of Sunday night’s hour-long killing spree bore the hallmark of a once-active settler movement known as the “prize labeller,” whose job is to extort a “price” for any Palestinian attacks or threats to the settler movement.

Sunday’s killing spree, particularly concentrated in the town of Huwara, was in response to a shootout from a passing car that killed two brothers from a nearby settlement. It also came after a rare meeting between Israeli and Palestinian leaders in Jordan, where Israel pledged to halt settlement expansion in the West Bank — the land Palestinians envision as part of their future state.

At least 11 Palestinians killed, 100 wounded in Israeli raid on West Bank

While the meeting was taking place on Sunday, a Palestinian gunman opened fire at a traffic junction in Huwara, south of Nablus Israeli-occupied West Bank in which Hillel Menachem Yaniv, 22, and Yagel Yaakov Yaniv, 20, brothers from the nearby settlement of Har Bracha, were killed – likely itself in retaliation for an Israeli raid on Nablus the week before that killed 9/11 people were killed.

After sunset, dozens of settlers descended on Huwara and several other villages in the northern West Bank.

“Instead of Jews not being allowed into Huwara, it should be the Arab enemy who should lock themselves in and not leave their homes!” read a message on a WhatsApp group urging members to take part in the attack.

“A huwara that is closed and burning – that’s the only way we can achieve deterrence,” Tzvika Foghel, an MP for the far-right Jewish power party, told Galei Israel Radio the next day. “We must stop shying away from collective punishment.”

After Sunday’s shooting, the Knesset pushed ahead with legislation imposing the death penalty for terrorism charges, despite arguments from the attorney general and officials at Shin Bet, Israel’s internal security agency, that it would not serve as a deterrent.

During the attack on Huwara, settlers fatally shot Sameh Al-Aqtash, 37, in the abdomen, said Ghassan Doughlas, a Palestinian Authority official in charge of the northern West Bank. He said another four Palestinians were being treated for stab wounds and that an estimated 100 others were injured from beatings with metal batons and from inhaling tear gas.

On Monday, Israel sent hundreds more troops to the West Bank. It also closed many roads and set up roadblocks in and around Huwara, where roads were mostly empty on Monday. Soldiers escorted at least two groups of settlers, some wearing ski masks and others waving Israeli flags at a road junction.

An Israeli military official, speaking on condition of anonymity due to the delicate security situation, said the army viewed the violent settlers as “terrorists” whose attacks had forced the redistribution of forces while conducting the manhunt for the Palestinian gunman who was still dead runs.

US State Department spokesman Ned Price on Monday sentenced “These developments underscore the need to de-escalate tensions in word and deed without delay.”

In an attempt to stave off the spiral of unrest, Israeli and Palestinian officials held their first meeting in years in Jordan’s coastal city of Aqaba. They issued a joint statement saying Israel would halt construction plans for settlement units for four months and allow outposts — smaller and typically more radical settlements that are considered illegal under Israeli law — to be approved for six months.

The deal also called on Israel to respect the status quo at the site of Jerusalem, known to Jews as the Temple Mount and to Muslims as the Noble Sanctuary, and has served as a focal point in the Israeli-Palestinian conflict for decades.

But far-right members of Israeli Prime Minister Benjamin Netanyahu’s coalition have indicated they would not go through with promises made during the meeting with US, Egyptian and Jordanian officials.

Bezalel Smotrich, leader of the Religious Zionist Party, the third-largest bloc in the coalition, said he had “no idea” about the discussions at the “unnecessary conference” in Jordan, but Israel would not agree to a settlement freeze “even for one day.” .”

“What happened in Jordan (if it happened) stays in Jordan,” tweeted National Security Minister Itamar Ben Gvir. Last month Ben Gvir, who has long been on the extremist fringe of the settler movement, visited Jerusalem’s holy site for a 13-minute tour, sparking international condemnations accusing him of provoking unrest.

The summit was convened to quell a spiral of violence that began with a spate of Palestinian attacks on Israelis last spring, to which the Israeli military has responded with near-night raids. The inauguration in November of the most right-wing government in Israel’s history has led to a sharp acceleration in crackdowns, related deaths and Palestinian attacks on Israelis.

For many on the ground, talks about combating an escalation of violence miss the point – the war is already here.

“It was a war last night, an official war,” Refat Amer, a 47-year-old Huwara resident, said Monday. He added that during the settlers’ four-hour rampage, dozens of cars and a high school near his home were set on fire, and rocks smashed the window of his 7-year-old daughter’s room. Soldiers at the scene just cordoned off the area without moving to stop the violence, he said.

“Sure they will come back, but what can we do?” he asked. “We can throw stones at them and then the military will shoot us too.”

Rubin reported from Tel Aviv. Fatima AbdulKarim in Ramallah, West Bank, contributed to this report.

Israeli settlers rampage through Huwara, Palestinians killed – The Washington Post Read More »

Dow Jones rallies Tesla wins despite Chinas fear of Elon

S&P 500 to regain key level; Big Tesla news due

Dow Jones futures edged higher Monday morning, along with S&P 500 futures and Nasdaq futures, even as the 10-year Treasury yield neared the 4% mark. Tesla Investor Day and Elon Musk’s “Masterplan 3” will be the focus of what has been a busy week for EV news.

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The stock market rally suffered significant losses last week, with major indices breaking through and testing key support as US Treasury yields surged, capped by Friday’s hot PCE inflation report. The uptrend is coming under increasing pressure. The major indices and leading stocks could still gain traction, but investors should be more defensive.

Berkshire Hathaway reported fourth-quarter earnings on Saturday morning. Li car (LI) reported gains early Monday amid a big week for China EV news.

Pfizer (PFE) is in early purchase talks blessings (SGEN), the Wall Street Journal reported Sunday night. SGEN stock closed Friday with a market cap of $30.1 billion but was up 13% before the open. Pfizer shares fell slightly. note (MRK) held late-stage talks with the biotech late last year but failed to reach an agreement.

Union Pacific (UNP) said on Sunday CEO Lance Fritz would step down this year after hedge fund Soroban Capital Partners called for it to replace him. UNP stock jumped ahead of the open.

The video embedded in this article discussed and analyzed the weekly market action Tesla (TSLA), wing stop (WING) and MELI bearings.

MercadoLibre (MELI) was the IBD stock of the day on Friday, signaling a buy signal for strong gains. The MELI share is also included in the IBD 50.

Dow Jones futures today

Dow Jones futures rose 0.4% versus fair value. S&P 500 futures were up 0.5% and Nasdaq 100 futures were up 0.6%.

Futures are suggesting that the Nasdaq will retake the 200-day moving average at the open, with the S&P 500 hovering just above its 50-day moving average.

The 10-year government bond yield rose 2 basis points to 3.97%, very close to the 4% mark.

Crude oil futures fell while natural gas prices skyrocketed. Copper prices trended higher.

Keep in mind that overnight action in Dow futures and elsewhere doesn’t necessarily translate to actual trading in the next regular trading session.

China EV sales, profits

Electric vehicle manufacturer from China Li car (LI) reported Q4 adjusted earnings per share that came in well ahead of expectations on revenue growth of 66%. In particular, the manufacturer of SUV hybrids expected deliveries of 52,000 to 55,000 vehicles in the first quarter. This suggests that Li Auto will deliver 36,859 to 39,859 vehicles in February and March.

on Wednesday morning, No (Nio) to release Q4 financials, featuring Nio, Li Auto and XPeng (XPEV) also reports deliveries in February. Electric and battery giant from China BYD (BYDDF) should release February sales by Friday.

Tuesday’s weekly Chinese EV registration numbers will provide a strong indication of BYD, Li Auto, Nio and Xpeng sales for the month, as well as Tesla deliveries.

Chinese EV shares have plummeted again after a strong January. BYD stock and Li Auto sharply pared earnings in 2023, while Nio and XPEV stock are now down for the year.

But LI stock was up 6% Monday morning, with shares of Nio and XPEV also gaining. BYD shares have not yet traded.

Tesla vs. BYD: EV giants vie for the crown, but which is the better buy?

Tesla Investor Day

But the big event will be Tesla Investor Day on Wednesday, March 1st. Tesla (TSLA) has announced it will offer details of a next-generation EV platform for a lower-cost model. But when will this go into production? The EV giant could also finally confirm plans for a long-awaited Model 3 refresh and provide details on the “Highland” upgrade.

Tesla is likely to unveil HW4.0, the latest driver assistance hardware including better chips, more cameras and the return of radar. Elon Musk said that all Tesla electric vehicles as of 2016 will be “hardware capable” for full autonomous driving.

The EV giant will certainly be discussing its own battery production efforts, including a major plant expansion in Nevada to produce 4680 cells.

Battery storage expansion plans and “capital allocations” are also key issues.

Elon Musk may also release his third “master plan,” even if there are still some big points left on his second vision statement from 2016. Musk has been hinting at Master Plan 3 for almost a year.

Meanwhile, price cuts at Tesla at the beginning of January caused an initial boost in orders worldwide. But apart from the Model Y in the USA, Tesla demand seems to be waning again and inventories are growing.

China is particularly difficult because many post-Tesla electric vehicle makers have cut prices. BYD prices are also falling on a number of models, although the EV giant said these are discounts from some retailers, not a move by the company. Meanwhile, a number of new or refreshed models are on the horizon over the next few months, including from Nio, Li Auto, XPeng, and most notably BYD.

Tesla shares enjoyed a six-week winning streak, falling 5.5% to 196.88. But stocks are pausing just above the 21-day moving average and slightly below the 200-day moving average. A decisive move above the recent highs would also propel Tesla stock above its 200-day moving average. That would be a possible entry, but it would be aggressive, especially in the current market. Tesla Investor Day could be a big catalyst up or down, but in which direction?

TSLA shares were up 2% early Monday.

Berkshire Earnings

Warren Buffett Berkshire Hathaway (BRKB), operating profits fell 8% year over year to $6.7 billion. Excluding currency effects, operating profit increased by 13%.

Berkshire Hathaway was a net seller of shares in the fourth quarter. But it bought back $2.855 billion worth of Berkshire stock, up from about $1 billion in the fourth quarter but down from $6.9 billion a year earlier.

Berkshire’s cash balance increased to $128.651 billion from nearly $109 billion in the third quarter.

Warren Buffett said in his annual letter to shareholders that Berkshire Hathaway will continue to hold a “boatload” of cash and Treasury bills. He also labeled critics of share buybacks as “economically illiterate or articulate demagogues.”

BRKB stock was little changed prior to the opening.

BRKB shares fell 1.4% last week to 304.02. That’s not far from a buy point of 321.42 from a flat base within a major consolidation. Berkshire stock edged up Friday after hitting a 2023 low, but is below its 50-day moving average.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live

stock market rally

The stock market rally had a rough week, with major indices looking increasingly damaged.

The Dow Jones Industrial Average fell 3% in trading last week, its fourth straight weekly loss. The S&P 500 index fell 2.7%. The Nasdaq Composite slipped 3.3%. Small-cap Russell 2000 fell 2.9%.

The 10-year government bond yield rose 12 basis points to 3.95%, the highest level since November 10. That’s 62 basis points higher than the intraday low of 3.33% on Feb. 2, when the current stock market rally peaked.

The US dollar rose for the fifth straight week.

US crude oil futures fell 0.3% last week to $76.32 a barrel. Copper prices slipped 3.9% to end Friday at their lowest level since Jan. 6.

ETFs

Among growth ETFs, the innovator IBD 50 ETF (FFTY) fell 1.6% last week. The iShares Expanded Tech-Software Sector ETF (IGV) fell 2.2%. The VanEck Vectors Semiconductor ETF (SMH) is down 1.9% NVIDIA (NVDA) provides direct and indirect support.

The SPDR S&P Metals & Mining ETF (XME) fell 4.25% last week. The Global X US Infrastructure Development ETF (PAVE) lost 2.3%. The US Global Jets ETF (JETS) fell 2.8%. SPDR S&P Homebuilders ETF (XHB) is down 3.2%. The Energy Select SPDR ETF (XLE) was up slightly 0.2% and the Financial Select SPDR ETF (XLF) was down 2%, with BRKB stock taking the top spot in XLF. The Health Care Select Sector SPDR Fund (XLV) slumped 2.6%, its biggest loss in a nine-week losing streak.

Mirroring more speculative story stocks, ARK Innovation ETF (ARKK) plunged 8.2% and ARK Genomics ETF (ARKG) 8.4% last week. Tesla stock is a key position in Ark Invest’s ETFs.

Cathie Woods Ark Invest also owns a small stake in BYD. Berkshire still has a large position in the Chinese electric-vehicle giant, but has reduced its long-standing stake in BYD by over 40% since last August.

The five best Chinese stocks to watch right now

Analysis of the market rally

The pullback in stock markets no longer looks like just a normal pause in an ongoing stock market rally. On Tuesday, the S&P 500, Nasdaq Composite and Russell 2000 fell below their 21-day moving averages, while the Dow Jones fell below its 50-day moving average. That pushed the stock market rally under pressure into an uptrend.

After two days of modest market action, Friday’s hot inflation gauge hit the major indices again. The S&P 500 closed below its 50-day moving average and is testing its 200-day moving average. The Nasdaq closed just below its 200-day moving average, with its 50-day moving average not far off. The Dow Jones fell to its worst level of 2023. The Russell 2000 is still above its 50-day price but is also falling and testing its 10-week moving average.

All of these indices are back below their late 2022 highs.

Leading stocks, which had flexed over the previous two weeks as the market rally eased slightly, began to deteriorate significantly.

Just a few weeks ago, inflation appeared to be declining while the economy remained relatively healthy. Markets were betting that a quarter-point rate hike in March would end the Fed’s tightening cycle. Now January inflation reports, including December revisions, suggest that inflation remains too hot and is even picking up. Investors expect at least three more quarter-point hikes, with a growing chance of more or faster tightening.

Those prospects for a Fed rate hike could be changing, although the February jobs report is still a few weeks away and the next round of inflation data is further away. Equities may also eventually price in the Fed’s revised macroeconomic and monetary policy forecasts. But as long as yields and the dollar are rising fast, it’s hard to see stocks holding up, let alone making progress.

The market rally is not over yet but has yet to show some strength. The S&P 500 regaining its 50-day moving average and the Nasdaq reclaiming its 200-day moving average would be a minimal first step, with the 21-day moving average being another key level. It wouldn’t take much to turn uptrend under pressure into market in correction. In any case, many leading stocks can take time to rebuild, whether it’s a few days or several weeks.

Yes, some stocks declined against gains last week, most notably Nvidia. But some of those gaps quickly faded. WING stock rose nearly 17% shortly after Wednesday’s open but pared intraday gains and even fell slightly over the week.

Housing-related stocks continue to hold up well, including home builders, some retailers and building materials companies. Heavy construction machinery and various machine names are also doing well.

But there are still a number of stocks across sectors that would look a lot more promising with a few good days ahead.

Time the market with IBD’s ETF market strategy

What now

The strong stock market rally in January is in the past. Investors need to adapt to the current reality. Right now, the major indices and leading stocks are trending down.

It’s time to take an increasingly defensive stance and significantly reduce overall exposure by trimming winners and losers. Investors should largely avoid entering into new positions, at least in the short term. Don’t get too excited about stocks making big earnings moves or other news. In a weak market, daily gains often don’t hold up.

As the market rally resumes, a number of stocks present buying opportunities with higher odds. So keep your watchlists up to date. Relative strength is key, so follow these strong performers even if they don’t have a clear buying case right now.

Read The Big Picture every day to keep up to date with market direction and leading stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

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The 200-day moving average: the last line of support?

S&P 500 to regain key level; Big Tesla news due Read More »

Photos The best and most daring looks worn on the

Photos: The best and most daring looks worn on the red carpet at the SAG Awards 2023

Zendaya, Jenna Ortega and Aubrey Plaza attend the 2023 SAG Awards on Sunday February 26th. VALERIE MACON/AFP via Getty Images

  • The 29th Screen Actors Guild Awards took place in California on Sunday.
  • Celebrities like Zendaya, Jenna Ortega and Aubrey Plaza walked the red carpet.
  • Some celebrities opted for bold necklines while others opted for dresses with a plunging neckline.

Zendaya wore a tailored dress by Valentino with a dramatic rose-embellished train.

Zendaya arrives for the 29th Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Century City, California. VALERIE MACON/AFP via Getty Images

Source: Valentino/Instagram

The White Lotus star Meghann Fahy wore a floor-length Ralph Lauren dress with a scoop waist, while co-star Theo James wore a suit and tie.

Theo James and Meghann Fahy attend the 29th Annual Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Los Angeles, California. Frazer Harrison/Getty Images

Source: Chron

Jenna Ortega wore a strapless Versace dress with a thigh-high slit and accessorised with a sparkling Tiffany & Co. necklace.

Jenna Ortega arrives for the 29th Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Century City, California. VALERIE MACON/AFP via Getty Images

Credit: Jenna Ortega/Instagram

Jamie Lee Curtis’ fitted dress featured a plunging neckline and long sleeves.

Jamie Lee Curtis attends the 29th Annual Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Los Angeles, California. Amy Sussman/WireImage via Getty Images

Paul Mescal wore a floral embroidered jacket over a shirt and matching pants.

Paul Mescal attends the 29th Annual Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Los Angeles, California. Frazer Harrison/Getty Images

Julia Garner wore a copper Gucci gown with a flowing train and thigh-high slit over a mesh shirt.

Julia Garner attends the 29th Annual Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Los Angeles, California. Amy Sussman/WireImage via Getty Images

Credit: Julia Garner/Instagram Stories

Aubrey Plaza wore a sparkling Michael Kors Collection dress that featured a daring neckline and a slit at the front legs.

Aubrey Plaza arrives for the 29th Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Century City, California. VALERIE MACON/AFP via Getty Images

Source: Elle

Eddie Redmayne wore a shirt with a dramatic neck bow with high-waisted black trousers from Saint Laurent.

Eddie Redmayne attends the 29th Annual Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Los Angeles, California. Frazer Harrison/Getty Images

Source: fashion

Cara Delevingne wore a Carolina Herrera jumpsuit with a flowy overskirt.

Cara Delevingne attends the 29th Annual Screen Actors Guild Awards at Fairmont Century Plaza on February 26, 2023 in Los Angeles, California. Frazer Harrison/Getty Images

Credit: Cara Delevingne/Instagram

Photos: The best and most daring looks worn on the red carpet at the SAG Awards 2023 Read More »

Bears take first place overall with loss Texans win

Sources – Bears ‘tend’ to be No. 1 pick in NFL draft – ESPN

ESPN7:24 AM ET3 minute read

Should the Bears trade Justin Fields and call up Bryce Young?

Mike Tannenbaum and Tedy Bruschi explain the thought process behind selling Justin Fields to draft Alabama’s Bryce Young.

The Chicago Bears have been approached by multiple teams to trade the No. 1 overall pick in this year’s NFL draft, and Chicago is said to be “leaning to” move the pick, sources told ESPN’s Adam Schefter.

The Bears own the best pick in a year that eight to 12 teams could be trying to change quarterbacks.

Since the AFL/NFL merger in 1967, the No. 1 has traded 12 times before the draft began. The last time this happened was in 2016, when the Los Angeles Rams went from No. 15 to No. 1 two weeks before picking Cal quarterback Jared Goff. It was only the second time in 22 years that the No. 1 had changed hands before the draft (the Atlanta Falcons rose from No. 2 to pick Michael Vick first-draft in 2001).

Bears GM Ryan Poles has kept a steady hand in upgrading the Bears roster after the team won 3-14 last season. In January, he reiterated his commitment to quarterback Justin Fields, whom the Bears drafted 11th overall in 2021, and said he needed to be “blown away” to draft a quarterback prospect in April. Alabama’s Bryce Young is expected to be the first quarterback to be picked up.

“We have flexibility if there are opportunities, if we can turn that into a lot of players coming and helping us, we can do that,” said Poles. “If it’s about staying put or being really selective with certain people, we can do that too. I know my expectation, our expectation, is that we move the needle to be more successful. We can win some of those close games and bring in guys who can influence this football team.”

Quarterback-needy teams that fail to land free-agency veterans like Derek Carr, Jimmy Garoppolo, and potentially Aaron Rodgers and Lamar Jackson should they become available might be reconsidering trading for top picks .

Sources – Bears ‘tend’ to be No. 1 pick in NFL draft – ESPN Read More »