Folks, the trigger has officially been pulled and the countdown starts. Now one of the largest shipping companies in the world just announced they're laying off some 10,000 of their employees as demand for shipping across the globe collapses. And and not only that, but they just reported that their profits dropped 94% in the third quarter. A complete a complete disaster.

We will discuss exactly how global trade is collapsing right now and how that has historically tended to predate massive, massive economic Bloodshed and how it tends to act as the first trigger for markets to wake up and start reassessing everything, especially when this happens right before the biggest shopping season of the year starts heading into November and December. Secondly, we're going to discuss how markets overall are in a very contrarian rally as they have been in the process of bouncing back from their correction lows and are now testing a change of Direction above our red directional SMA line. I'm going to dive into the history and the stats of this and how to profit off it without being deceived by the big money which tends to try to to deceive the little guy like you and I again and again and again. Thirdly, I Want to give you a rundown on our latest idea Lxt, which we have been emailing to our free newsletter subscribers cough cough link down below and why it just broke out to a new cycle high.

At 322 a share, the company has insiders accumulating at a rapid clip and a rich FDA Pipeline with previous proof of concept on updates on that pipeline, I'll break down exactly what you need to know. Let's go ahead and get to work. Okay, so here's the thing folks. when you start seeing signs that shipping demand is collapsed, that is, when you get a trigger for the broader market and the biggest of the big money on Wall Street to wake up and start reassessing everything.

And so we need to start today's video by bringing to your attention what is happening with Meis. Mary Mcmi one of the biggest shipping companies in the world. They have nearly 700 of these massive ships going all around the world, transporting from country to Country every single day 24/7 They had their most profitable year ever last year, and they are widely considered to be a leading indicator for global economic health as they control about one sixth of global trade. They are one of the biggest companies in the world.

Often times they are the biggest, but they are competing back and forth with another company. Some of their most well-known regular customers include: Amazon Walmart Unilever Disney Microsoft Nike H&M but probably if you can think of any company that needs Global Transportation Well, they've likely continuously worked with them. Very very very very much depend on them or have worked with them in the past, but that is now changing fast on. Friday their stock plunged 18% as they announced they are going into cost saving mode, canning some 10,000 jobs in total ship and Bunker Reported that the company saw a 93.7% slide in its profits in the third quarter amid the wider slump in the container markets.

What is happening here, folks is that Marisk not only had this massive massive profit drop, but they also had their revenue get cut in half. Almost half 47% but basically half. And so they are rushing to save money as fast as possible. And that means massive layoffs.

They have no need for all of these employees because there's no demand to ship anything because people aren't buying like they were buying even 6 months ago. But there's also this other Dynamic which are industry trends that have led to Fright cost dropping Like A Rock First of all, the cost of Fright Transportation is really, really, really budgeon. In the beginning of the pandemic, you were at 1,500 bucks and then it boomed up to 10,000 bucks by September 2021. and then it Dove back down to where it is today at about 1,700 and inflation adjusted.

It's about equal where it was pre pandemic, And a lot of people are looking at this trend and they're saying okay, well, things have normalized to where they were pre- pandemic, but that's not exactly the case. We're going from a period of insane, insane escalation of prices to normalization and now to massive massive Bloodshed And the CEO if you read between the lines is warning of such. The CEO said quote if the Fourth Quarter does not deliver some type of improvements, then I think we're looking at a pretty dire situation in 2024. he said he goes on negative.

Revenue Growth in the third quarter came mainly from the retail and lifestyle sector, especially in North America as well as automotive. and Technology The CEO said. so. You're seeing this collapse coming largely from retail and lifestyle.

The retail and lifestyle sector in North America followed very very closely by the automotive and Tech sector pretty much all of our major sectors in terms of international trade at least. And you got to remember folks, we're heading into the Jingle Bell season. The holiday season. That is when shipping should go through the roof.

That is when everybody's going out and doing holiday shopping. They're buying this and that and this and that, mostly goods and that's all supposed to be transported around the world. But if you're looking at them laying off all these employees before the holiday season even gets into gear, well, that's a whole other story you got to remember folks. this company works with everybody and this company is in constant contact with nearly all of the major retailers in the United States Anyone that needs to ship in the United States or around the world and so if they are laying off ahead of this holiday season, well that means that they are hearing from their Partners all over the place that expectations heading into the holidays and into the end of the year and into the beginning of next year are very, very, very low.

Okay, number two market. So every single time I make a video warning about the downside risks of the market. Well, it seems that markets look at that video and they're like, okay, let's go ahead and follow the Charlie curse in contrarian trade, but in any case, markets have been on their most consistent rebound attempts since the Cycle's downtrend started at the end of July with the current Trend trying to break out past previous recovery attempt highs and breaking above our red directional SMA line trying to Signal a upward Direction reversal. Now since the latest breakout of war in the Middle East Of course we've been talking about how a lot of big money is signaling or is actually positioning a move out of the broad market and into some certain other areas of equities in bonds and commodities, but over the last week you've seen a lot of those.

Trends Actually, reverse markets are flipping fast and I don't think it's just the Charlie curse. In fact, I Actually think that the calculus might be explained by this historical trend from Business Insider quote since 1950, November is on average the strongest month of the year for stock market returns, and November through December is the strongest two-month period on average for returns according to LPL Financial Now, why does this trend tend to happen? well? largely because mutual funds haven't tell about about October 31st to make their tax lost harvesting trades for the year, so they tend to sell in September and October and then reallocate back into the markets in November. Now, this is something that we're all familiar with. However, when you're looking at the situation in the market right now where you've had an unprecedented rally in the overall market for the year of 2023, and you're on that downward Trend, it's surprising to see that continue to happen.

However, whether or not this is going to continue into being a broader trend is yet to be determined. But what we do know is that short sellers are getting squeezed right now and that is putting pressure on the Bears from unusual Wales quote Short sellers who made a fortune during the third Quarter stock market dive are starting to close those bets against the market as seasonally strong months for equities arrive per Bloomberg And so you have a lot of short sellers that are looking at this data historically and they're like, okay, well, if markets aren't going to sell off on this geopolitical tension increase and they're not going to sell off on economic data, fears and historical Trends in terms of yield curve inversions and a million other data sets, Well, all of a sudden, you got to apply this data set set which says Hey seasonally markets tend to go up now. Fundamentals aside, if you're a Trader, that means that you don't really care about the broader prognosis of the economy in regards to where you're positioning. What you really care about is trading with the trend.

And so if you're looking at this in terms of trend indicators on the chart, while a break above both our red directional as mine as well as previous cycle highs, does signal a change of a trend on a technical chart basis to the upside. that said, again, from a fundamental basis, it's very, very difficult to believe in this rally. This Middle East conflict is likely going to get worse before it gets better, and it won't take much for this rally to be subdued again, especially considering underlying economic data isn't exciting and rates will stay higher for longer, even without the geopolitical issues. I mean you're in the situation where a lot of the growth of these companies is going to be blunted.

it seems to me at best this Market is going to be bouncing up and down within range for quite some time, as it has done for much of the last two years. you get big periods of sell-offs and big periods of recovery attempts, but it just basically bounces within range. On the bright side, though, Ovx, which tracks oil volatility and future expected price changes, is in a discounted range I've been pretty clear that my thesis on oil is that prices are going to go up and that means that a lot of funds are going to have to hedge against that. And if you look at the region, the fact is that most of the Middle East in Russia their main export is oil and other forms of energy products, and as the region becomes more and more entrenched in this conflict, while trade relations at minimum will become more complicated and thus, you're going to see an uptrend and it's not going to be pretty.

And that's not just me saying that You're seeing that from a lot of analysts right now. Okay, next trade ideas. So for those of you who are subscribed to our completely free email reports, link down below. That first link down below.

Well, you've been getting our emails on LT We sent out the original email on Thursday night after the after hours Clos and essentially the argument for this idea was that in Lxt, you have a company with a rich pipeline in the FDA trial process. previous bikeability proof of concept on the progress for this pipeline. For example, the pre-trial results they reported earlier this year resulted in about a 73% run and at the same time they have been brewing lovely momentum in an ascending triangle over the past trading days, which can often times be a pretty aggressive, self-fulfilling prophecy, right? And those are the reasons why we sent out this email via email blast on Thursday night and as of the last trading day on Friday it broke out into yet another new cycle High Further affirming this idea and the potential here. So what exactly are we looking for next? Here Charlie Charlie To Well, I'm looking for another large breakout Monday or Tuesday to hold the overall momentum in this ascending triangle.

and if you do your due diligence on this company, you'll find very very quickly that the stock has had a high amount of Insider buying activity in October now I Can't confirm this for certain, of course. but often times when insiders are buying big amounts of shares of FDA trial pipeline companies all at once, Well, it tends to mean they expect a positive result or at least what they are hearing behind the scenes in non-public information. Well, it's probably something positive because otherwise, why are they buying all of a sudden? So you see this Insider buying. You see the pipeline.

You see previous proof of concept in terms of massive rally ritos on Pipeline progress and you see this Insider accumulation and it suggests a very, very ripe setup. That's why we've been covering it since Thursday and why we've designated it as a top idea. Remember, they got three major candidates in the FDA trials. Each step and update is a potential Catalyst and I Think that's why you're seeing so much excitement for the stock right now and my thought process is again, watch for that continued momentum push Monday or Tuesday if it sells off Monday Fine, but I'd say watch for a high bottom and then a bounce off that and that might be an even better, more ripe opportunity of course.

As always, make sure to do your due diligence on all stocks presented here on the channel. If you're the one taking the risk, you got to be the one doing the Frisk And that is very, very important. And of course, per our policy, we have no shares in the stock anyways. folks.

I Hope you found value in this video, Make sure to hit that ravishing like button and subscribe. Make sure to join our absolutely free email list! First link down below and we'll see you in the next one.