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January 4th - According to data released by the Ministry of Transport on January 4th, the total number of cross-regional passenger trips during the 2026 New Years Day holiday (January 1st to 3rd) reached 595 million, with an average of 198 million trips per day, representing a 19.62% increase compared to the same period in 2025.Starlink: Starlink will provide free broadband service to the Venezuelan people until February 3.Delta Air Lines: Will resume flights to and from 13 previously affected airports in the Caribbean.January 4th - Legal experts question whether the US would face any substantial accountability even if its actions in Venezuela were illegal, citing the lack of enforcement mechanisms under international law. Jeremy Paul, a professor of constitutional law at Northeastern University, stated, "Its difficult to see any legal body able to impose actual penalties on the government."On January 4th, international law experts stated that the Trump administrations claim that the operation was both a targeted law enforcement mission and a prelude to long-term US control over Venezuela confounds legal issues. Jeremy Paul, a professor of constitutional law at Northeastern University, said, "You cant say its a law enforcement operation and then turn around and say we need to govern this country. That simply doesnt make sense." Legal experts believe that drug trafficking and gang violence are considered criminal activities and do not meet the internationally recognized standards for instigating armed conflict, therefore there is no justification for military action. Matthew Waxman, a law professor at Columbia University specializing in national security law, stated, "A criminal prosecution alone is insufficient to authorize the use of military force to overthrow a foreign government, and the government is likely to attribute this to the theory of self-defense."

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

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S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.

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