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In this exclusive StockCharts video, Joe goes into detail on the S&P 500 ETF (SPY), sharing why using MACD and ADX together can be beneficial — especially in the current environment. He touches on Sentiment, Volatility and Momentum, pointing to reasons why we need to be on alert at this time for signs of a downturn. Joe covers the QQQ and IWM since both are at critical levels right now. Finally, he goes through the symbol requests that came through this week, including AMZN, CVNA, and more.

This video was originally published on November 20, 2024. Click this link to watch on StockCharts TV.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Philippine President Ferdinand Marcos Jr. said Wednesday that a deal has been reached for Indonesia to send home a Filipino death-row drug convict who was nearly executed by firing squad but got a reprieve due to years of pleadings from Manila.

Marcos thanked Indonesian President Prabowo Subianto and his government for granting a longstanding Philippine request for Mary Jane Veloso to be brought back home to serve her sentence in her country.

“Mary Jane Veloso is coming home,” Marcos said in a statement. “Arrested in 2010 on drug trafficking charges and sentenced to death, Mary Jane’s case has been a long and difficult journey.”

It was not immediately clear when Veloso would be flown back to the Philippines, but Marcos said he looked forward to welcoming her home.

Indonesia’s Coordinating Minister for Law, Human Rights and Immigration, Yusril Ihza Mahendra, confirmed that Subianto has given his approval for Veloso’s return to the Philippines. That may happen in December, as long as conditions were met, including her continued detention in her country as part of the Indonesian court’s sentence.

Philippine Foreign Undersecretary Eduardo de Vega said at a news conference in Manila that Filipino authorities would discuss the legal terms of Veloso’s transfer with their Indonesian counterparts.

The Indonesian government has asked the Department of Justice in Manila to formally request Veloso’s transfer back to the Philippines, Justice Department spokesperson Mico Clavano said.

The decision, Marcos said, “is a reflection of the depth our nation’s partnership with Indonesia — united in a shared commitment to justice and compassion.”

Veloso’s transfer would remove the possibility of her facing an execution because the Philippines, Asia’s largest Roman Catholic nation, has long abolished the death penalty.

In 2015, Indonesian authorities moved Veloso to an island prison where she and eight other drug convicts were scheduled to be executed by firing squad despite objections from the convicts’ home countries, including Australia, Brazil, France, Ghana and Nigeria.

Indonesia executed the eight other convicts.

Veloso’s case has caused a public outcry in the Philippines, where her family and supporters contend she is innocent and was unaware that 2.6 kilograms (5.7 pounds) of heroin was concealed in her suitcase. The drugs were discovered when she entered Indonesia.

Veloso traveled to Indonesia in 2010 where her godsister reportedly told her a job as a domestic worker awaited her. Her godsister also allegedly provided the suitcase where the prohibited drugs were found.

Philippine authorities had filed criminal complaints, including for human trafficking, against illegal Filipino recruiters who arranged for Veloso to work in Indonesia, Clavano said. She added that she would serve as a crucial witness in the trial of the suspects when she returns.

That Philippine case helped convince Indonesian authorities to delay Veloso’s execution and eventually consider her transfer back to her country, Clavano said.

Marcos said Veloso’s story resonated with many in the Philippines, as “a mother trapped by the grip of poverty, who made one desperate choice that altered the course of her life.”

“While she was held accountable under Indonesian law, she remains a victim of her circumstances,” Marcos said.

The Philippines has been a global source of manual labor, including many impoverished women who abandon their families for higher-paying jobs and better opportunities abroad. Alarming abuse, especially of Filipina house helpers, has prompted Philippine authorities to impose restrictions and safeguards but many continue to be exploited.

At least 59 Filipinos around the world face the death penalty mostly for drug and murder convictions, the Department of Foreign Affairs in Manila said.

This post appeared first on cnn.com

Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company.

The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock and the cable channel Bravo.

“The transaction will be structured as a tax-free spin to existing shareholders,” Comcast President Mike Cavanagh said in an internal memo. “While we don’t have a precise timetable for completing the transition, we are estimating that it will take approximately a year.”

Comcast owns NBCUniversal, the parent company of NBC News.

The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Comcast’s cable portfolio still contributes to its financial bottom line and helps expand its cultural footprint.

“The well-capitalized, independent company will be positioned to lead in the changing landscape for cable networks given the strength of its portfolio and the quality and focus of its management team,” Cavanagh said. 

The new company, known for the time being as SpinCo, “will have significant cash flow, a strong balance sheet, and the financial flexibility to pursue growth opportunities, both organically and potentially through acquisitions,” Cavanagh added.

Cavanagh said the new company will be led by Mark Lazarus, chairman of NBCUniversal’s media group. Anand Kini, NBCUniversal’s chief financial officer, will serve as the CFO and chief operating officer.

The plan was first reported by The Wall Street Journal and then confirmed to NBC News on Tuesday by two people familiar with the matter.

The new business structure is notable partly because it would separate MSNBC and CNBC from the central newsgathering operations of NBC News. It was not immediately clear whether the cable news channels and the network’s core news division would continue to share editorial resources.

Dan Ives, a managing director and senior equity research analyst covering the technology sector at Wedbush Securities, said in an email that the spinoff move is appealing to investors. Comcast’s stock price rose by about 0.5% in premarket trading Wednesday.

“The Street wanted to see this move and we believe it will be a smart strategic move for both Comcast and the new spinoff with golden jewel cable assets like CNBC and MSNBC,” he said. “The cord cutting dynamic is a headwind but we see brighter days ahead as cable defines a new monetization and streaming path with subscriptions and content to build on its strong advertising base looking forward.”

Rich Greenfield, a media and technology analyst who often criticizes media companies for what he views as a belated reaction to cord-cutting, framed the move in blunt terms in an appearance on CNBC: “This is sort of a very clear, direct statement by Comcast.”

“They are exiting the cable network business,” said Greenfield, a co-founder of research firm LightShed Partners. “This is them saying we don’t want to be in this business. This is no longer a growth business. It’s going to be around for a long time, but it’s just no longer a growth business.”

Cavanagh on Wednesday also announced a reorganized leadership team for NBCUniversal.

Cesar Conde will continue leading the NBCUniversal News Group as chairman. The division includes NBC News, the NBC News Now streaming product, Telemundo and the company’s owned-and-operated local stations. Cavanagh added Conde “will work closely with me on other growth opportunities for NBCUniversal.”

Donna Langley will become chair of NBCUniversal Entertainment & Studios, a role that will give her broad oversight over all entertainment programming and marketing across NBC, Peacock and Bravo, as well as the company’s film and television studios.

Matt Strauss will become chairman of the NBCUniversal Media Group. Mark Woodbury will continue in his role as chairman and chief executive officer of Universal Destinations & Experiences, the unit that runs the theme parks and global consumer products business.

Comcast agreed to buy a majority stake in NBCUniversal from General Electric in 2009, combining one of the country’s largest operators of cable TV with the sizable NBC media and entertainment operation. The cable channels were seen as a particularly lucrative acquisition.

Since then, the rise of streaming entertainment has eaten into the cable television business, leading to waves of consumers canceling their cable subscriptions in favor of platforms such as Netflix and Amazon Prime Video.

In this environment, many cable channels are still profitable businesses, with some continuing to generate strong cash flows for their corporate owners. But the media industry writ large considers the cable marketplace to be in decline.

Comcast, like other leading media conglomerates, has invested heavily in streaming. Peacock, home to a large library of NBCUniversal content and programming licensed from other studios, added 3 million subscribers during the third fiscal quarter, according to the company’s most recent earnings report. Comcast lost 365,000 cable customers during that period.

This post appeared first on NBC NEWS

Even though the iShares Semiconductor ETF (SMH) and the VanEck Semiconductor ETF (SOXX) have many similarities, there are some big differences in their component weightings and performance. Namely, SMH allows more concentration than SOXX and SMH is holding up better than SOXX. SOXX already broke down on the price chart and SMH is at a critical juncture as its biggest component reports earnings this week.

SOXX) and SMH are the two largest semiconductor ETFs by AUM (assets under management). However, as I learned from this video at nAnalyze, their weighing rules are very different. In particular, SOXX caps the weighting of the top five stocks at 8% each and rebalances. SMH, on the other hand, caps the weight of the top three at 20% each and then rebalances. This higher threshold allows more room for a momentum run. It is little surprise that the top three holdings in SMH are Nvidia (23.66%), Taiwan Semiconductor (13.2%) and Broadcom (7.71%). The top three holding for SOXX are Nvidia (10.12%), Broadcom (8.77%) and Advanced Micro Devices (8%).

The PerfChart below shows the one-month percentage change for ten semiconductor stocks. It is a mixed bag with four up and six down. Nvidia (red bar) is up 1.5%, two are down double digits (AMD and Micron) and only one is up double digits (Marvell). Short-term, it has been a rough ride for the group.

The next chart shows SOXX breaking wedge support and its 200-day SMA with a sharp decline on October 31st. SOXX rebounded back into the wedge with a three-day election bounce and then fell below its late October low. This means the wedge break is in play with the first target zone in the 195 area. A close above 235 would call for a re-evaluation.  The indicator window shows relative performance using the  SOXX/RSP ratio  (SOXX divided by the S&P 500 EW ETF (RSP)). This ratio has been below its 200-day SMA since late August, which means SOXX has been underperforming for around three months.

What is the significance of a rising wedge? A rising wedge is a bearish continuation pattern that marks a counter-trend bounce after a trend-changing decline. SOXX fell around 25% from mid July to early August and then retraced around 61.8% with the rising wedge to 240. Both the pattern and the retracement amount are typical for counter-trend bounces. The wedge break in October reversed the medium-term uptrend and signaled a continuation of the July-August decline. A 25% decline from the wedge high would target a move to the 180 area.

Click here to learn more about TrendInvestorPro and get two bonus reports!

The next chart shows SMH with a rising wedge, but the ETF has yet to break the October low (235) or the 200-day SMA. SMH did break the lower line of the wedge with a decline last week. Also notice that SMH is trading below the level it was trading at before the election. SMH is at a make or break level with Nvidia (NVDA) set to report earnings on Wednesday after the close. SMH stays bullish as long as 235 holds. A break would confirm the wedge and target a move to the 200 area.  

Stay on the right side of the trend with our weekly reports and videos. Our robust top-down approach started with broad market analysis to set the overall tone. We then drill to down to find ETFs and stocks with bullish setups within long-term uptrends.

Highlights from Recent Weekly Reports/Videos:

  • S&P 500 breadth remains strong and Nasdaq 100 breadth remains strong enough, but Nasdaq 100 is lagging because a third of its stocks are in long-term downtrends.
  • Fintech, Cybersecurity, Software and Cloud Computer ETFs were leading before the election surge and became very extended with the election surge. Time for some patience.
  • The Gold ETF became oversold for the first time this year.
  • Copper, Base Metals and Copper Miners failed hold their breakouts as they got hit post election.
  • The 10-yr Treasury Yield is on the rise as TLT moves sharply lower. What is the market telling us?

Click here to learn more and get two bonus reports!

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A vital humanitarian organization said it will suspend activities in Haiti’s capital on Wednesday following a “series of threats” by local police, in a move that threatens to bring a further deterioration of conditions in the Caribbean nation that has struggled for years with gang warfare and political turmoil.

Doctors Without Borders, also known as Médecins Sans Frontières (MSF), accused authorities of repeatedly stopping its vehicles and threatening its staff with violence, including death and rape.

Following that attack, the organization said it faced four additional encounters with police.

“This series of incidents have left us with no choice but to suspend our activities in Port-au-Prince,” MSF said in a statement.

In recent years, police, civilian vigilante groups and even rival gangs in the lawless capital have been repeatedly accused by doctors and medical staff of breaking into health care facilities where they suspect wounded gang members to be seeking treatment.

“As MSF, we accept working in conditions of insecurity, but when even law enforcement becomes a direct threat, we have no choice but to suspend admissions of patients in Port-au-Prince until the conditions are met for us to resume,” MSF head of mission Christophe Garnier said.

MSF said it will stop admitting and transferring patients to its five medical facilities in the Haitian capital from Wednesday, impacting thousands of people in need of treatment.

“MSF provides care to everyone on the basis of medical needs alone. Each week on average in the Port-au-Prince metropolitan area, MSF provides care to more than 1,100 patients on an outpatient basis, 54 children with emergency conditions, and more than 80 new survivors of sexual and gender-based violence,” the organization said in a statement.

Brutal gang violence in the capital has resulted in the kidnappings of hundreds of people, and the displacement of hundreds of thousands of Haitians from their homes.

MSF is the latest international group to halt operations in the Caribbean nation.

Last week, US-based airlines suspended flights to Haiti after three of their jets were struck by bullets while flying over Port-au-Prince. Haiti’s transitional presidential council blamed armed gangs for the gunfire that struck one of the flights, accusing them of aiming “to isolate our country on the international stage.”

Last month, a United Nations helicopter was also hit by bullets while flying over Port-au-Prince. And in a separate incident in October, gangs targeted US Embassy vehicles with gunfire, later prompting the evacuation of 20 embassy staff.

In late February and early March, coordinated gang attacks forced the closure of both the airport and main seaport in the Haitian capital, choking off vital supplies of food and humanitarian aid to the Caribbean nation.

This post appeared first on cnn.com

Dental care supplier Henry Schein advanced in Monday trading as investors bet that Robert F. Kennedy Jr., President-elect Donald Trump’s pick for Health and Human Services secretary, could recommend removing fluoride from the U.S. water system, a move that would lead to a boom in dental visits.

Shares of Henry Schein shares jumped nearly 5%, on track for its best day since July. Fellow dental product makers Dentsply Sirona and Envista also edged higher in the session.

Monday’s moves come as investors ready for public health changes under a second Trump administration. Kennedy posted on X before the presidential election this month that a “Trump White House will advise all U.S. water systems to remove fluoride from public water.”

Fluoride has long been shown as an effective method for fighting cavities. But the mineral has found itself at the center of a nationwide fight that’s led some local communities to end programs centered on its insertion into public water.

While Kennedy will need to win Senate approval to take the job, market participants are already zeroing in on a group of stocks that make dental hygiene products as potential beneficiaries of his policies. That’s because taking fluoride out of water would actually put the tooth cleaning industry in higher demand as consumers look elsewhere to fight cavities, according to firm Gordon Haskett.

“The thought here is RFK will bring to HHS a voice that is in favor of reducing, or eliminating, the amount of fluoridation that is added to drinking water,” Don Bilson, Gordon Haskett’s head of event-driven research, told clients in a Monday note. “This will, in turn, lead to an acceleration of tooth decay and more dental visits.”

Given this, Henry Schein and other stocks in the space offer a bright spot within a sector that has largely struggled since the election. The Health Care Select Sector SPDR Fund (XLV) has tumbled around 3.5% in November, putting it on track for its first three-month losing steak since last year. By comparison, the broad S&P 500 has climbed more than 3% in the month.

Gordon Haskett’s Bilson also pointed out that dental stocks were some of the few “spared” health-focused equities as investors responded to the announcement of Kennedy’s nomination last week. Pharmaceutical names were under pressure given Kennedy’s reputation as a vaccine skeptic, while processed food stocks took a hit as traders geared up for increased scrutiny of so-called junk food.

“It caused widespread selling across the healthcare landscape,” Bilson said of the decision to select Kennedy. “Drugmakers, contract research organizations, and health insurers all felt the quake. Rather than stop there, the damage spilled into packaged foods. And advertising.”

While the market appears to be moving on Kennedy’s nomination, Bilson said that regulatory changes would likely take years to come into effect. He also noted that drinking water should fall more under the Environmental Protection Agency than Health and Human Services.

This post appeared first on NBC NEWS

Today we explore the bullish sentiment that has taken SPX valuations to the moon. There are many out there that believe we have hit a plateau on prices that will continue permanently. We talk about the quote: “Stock prices have reached ‘what looks like a permanently high plateau,’ Irving Fisher, Yale economist, told members of the Purchasing Agents Association at its monthly dinner meeting…” When did this quote come out? Carl reviews our earnings chart.

Carl looks at our signal tables to get a sense of the condition of the market. Then he discusses his outlook for the market as well as covering Bitcoin, Yields, Bonds, Gold, the Dollar, among others.

After covering the market, Carl analyzes the short- and intermediate-term charts of the Magnificent Seven. NVDA reports earnings on November 18th.

Carl takes some time to look at Real Estate (XLRE) “under the hood” and discusses its nearing Dark Cross Neutral Signal that is on tap.

Erin covers sector rotation, comparing defensive sectors to aggressive sectors. She looks under the hood at Utilities which is a sector that is showing new momentum among the sectors. With a possible market decline continuing, this defensive area of the market could find favor and continue higher.

The pair finish with looking at viewer symbol requests with an eye toward the intermediate term today.

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Multiple students were injured after a car crashed into people outside a primary school in central China on Tuesday morning, state news agency Xinhua reported.

It’s not clear how many people were injured in the incident, which took place in Hunan province’s Changde city. In a brief report, state broadcaster CCTV said “specific casualties were being investigated.”

Another showed multiple people, including adults, lying on the road, apparently injured. Police could be seen handcuffing a man in front of a vehicle.

The police have yet to release a report about the incident. Images circulating online of the incident were quickly wiped from social media platforms.

The country has been rocked by a recent spate of public attacks, which have rattled a population long used to low rates of violent crime and sent censors into overdrive removing videos on social media and moderating online discussion.

China saw its deadliest known attack in a decade last Monday, when 35 were killed after a man plowed his car into crowds exercising at an outdoor sports center in the southern city of Zhuhai. Days later, eight people were killed and 17 others injured in a stabbing attack on a college campus in eastern China.

Sudden episodes of violence in recent months targeting random members of the public – including school children – have surged across the country as economic growth stutters, with many online warning each other to be cautious as people are becoming more desperate and unstable.

In October, police arrested a 50-year-old man after a stabbing attack near an elementary school in Beijing injured five people, including three children.

In September, three people were killed and 15 others injured in a knife attack at a suburban supermarket in Shanghai.

Also in September, a bus crashed into a crowd of students and parents outside a school in Tai’an city in Shandong province, killing 11 people and injuring 13 others. The authorities did not reveal whether it was accidental or deliberate.

This post appeared first on cnn.com

Attorneys for X Corp., the firm established by Elon Musk to take over Twitter, filed a notice of appearance on Thursday in the bankruptcy case of Alex Jones and his Infowars platform.

The new owners of satirical news site The Onion had been declared the successful bidders for Jones’ controversial platform, alongside families of the Sandy Hook massacre victims.

But this week, the Texas bankruptcy judge overhearing the case voiced concerns about the transparency of the auction process and called for a new hearing to discuss those potential issues.

“Nobody should feel comfortable with the results of the auction,” Judge Christopher M. Lopez said, according to a Bloomberg News report.

The X Corp. filing, dated Nov. 14 and first reported by Mother Jones, does not disclose the purpose of X’s appearance, other than to state the rights reserved to it as an interested party, and to request all relevant documents in the case.

Attorneys for X listed in the filing did not respond to a request for comment. A lawyer representing The Onion also did not respond to a request for comment.

Both Musk and Jones are known allies of President-elect Donald Trump. Musk has allowed Infowars to broadcast on X while Infowars’ fate is in limbo.

Jones has used Infowars as a platform to promote conspiracy theories, far-right ideologies and misinformation. He often focuses on events and social issues to sell related products like supplements and survival gear.

Jones’ bankruptcy stems from his obligation to pay $1.5 billion in damages to families of Sandy Hook Elementary School shooting victims, who filed defamation lawsuits over his false claims that the massacre was a hoax. He broadcast the conspiracy theory on his platform, which led to years of harassment and threats against the grieving families.

In a statement on X, The Onion’s chief executive, Ben Collins — who previously covered disinformation and conspiracy theories for NBC News — called assertions made this week by Jones and other Infowars personnel that the auction had formally been “overturned” false, while describing other allegations they leveled as “wacky.”

“We look forward to completing this process at the next scheduled court date,” Collins wrote Saturday.

A representative for Infowars did not immediately respond to a request for comment.

This post appeared first on NBC NEWS

The decision by US President Joe Biden to allow Ukraine to use long-range American missiles in Russia follows a familiar pattern.

The White House refuses for months to grant a weapons request from Ukraine, fearing it would be escalatory. Kyiv loudly decries the refusal, and just when the request seems to have been parked, the Biden administration approves it.

Ukraine’s request for HIMARS, Abrams tanks, F16s – all followed a similar pattern of refuse and prevaricate, and then grant, almost at the moment when it is too late.

Is it too late for the US-made Army Tactical Missile Systems, or ATACMS, to make a difference if it hits targets deep inside Russia?

The answer is complex and perhaps explains some of the reluctance of the Biden administration to grant permission.

Firstly, there is a limited supply of ATACMS that Ukraine can get its hands on. So even Kyiv being able to hit deep inside Russia – and the longer range of ATACMS is 100km or 62 miles – is not going to yield an overnight change in the battlefield.

Analysts have listed the volume of Russian targets that are in range of these missiles – with the Institute for the Study of War listing hundreds of targets – after the Biden administration apparently briefed that Russian airfields in ATACMS range had seen their attack aircraft evacuated deeper inside Russia.

But really, Ukraine will not get enough ATACMS to alter the course of the war.

Secondly, Ukraine has been able to penetrate deeper inside Russia using domestically manufactured and cheaper drones. The United States has agreed to help fund the development of these devices, which appear to have caused havoc around Moscow’s airports and across Russia’s energy infrastructure.

Thirdly, the permission to use US precision missiles to hit deeper inside Russia is, as it sounds, quite provocative.

It is true that Moscow is quite militarily weak now, and unlikely to seek full conflict with NATO or the US.

But at some point, the Kremlin will seek to restore its deterrence. Moscow’s intelligence services have been blamed for sabotage of civilian targets across Europe, including recent reports that explosive packages were planted on courier planes inside Europe.

The Biden administration was correct to weigh the practical utility of longer range strikes, against the potential for civilian collateral damage in NATO member states, if Russia felt obliged to somehow hit back.

So it was not as simple or obvious decision as some advocates in Kyiv claimed. The wider goal seems to have been to get the Biden administration to put more skin in the game of Ukraine’s war – to truly takes the gloves off.

Yet the White House is keen to stress the deployment of North Korean troops into Kursk fueled its decision – that this is the US’ response to Moscow’s escalation.

Western officials have noted the North Korean deployment represents the Ukraine conflict expanding and becoming something that the United States’ Indo-Pacific adversaries now have a role in; that it has made the war slightly more global for America.

In Biden’s eyes this is an escalation, in response to an escalation.

But the fact he delayed so long because of the extraordinary symbolism of granting this permission just adds to the potency of the decision he just took.

President-elect Donald Trump may think he can talk peace, but he will inherit a war where the stakes have just got significantly higher.

This post appeared first on cnn.com