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Ecuador has been requesting foreign military support for months, saying that its fight against gangs is a “transnational war” that requires the contribution of multiple countries.

Noboa said that while his administration “would love to have” US forces in Ecuador, he insisted that they would not be out patrolling the streets. Instead, they would play a supportive role in Ecuador’s security operations.

“We would like to cooperate with US forces, and I think there are many ways that we can do that, especially in monitoring illegal operations that move out of Ecuador, but the control of the operations will be in the hands of our military and our police,” he said.

The US has previously carried out operations in that area. From 1999 to 2009, it ran surveillance flights targeting drug routes in the eastern Pacific at the now-defunct Manta Air Base.

He said the US had been waiting until the outcome of Sunday’s election to resume talks. Noboa won the vote decisively against leftist lawyer Luisa González, having campaigned on a promise to restore security with a hardline approach and revitalize the economy.

Noboa, who was born and educated in the United States, has been trying to boost cooperation with Washington on various issues – from trade to migration. On the latter issue, he says he wants to improve living conditions at home to incentivize Ecuadorians to remain in the country, instead of migrating to the US.

Asked whether his relationship with US President Donald Trump is comparable to the one Trump has cultivated with El Salvador’s strongman President Nayib Bukele – who has agreed to take in deported migrants from the US accused of violent crimes – Noboa said his situation is different.

“My case is different than El Salvador’s case. And we both respect each other. We both support each other, but at the same at the same time, different realities. And we need to view things according to each country and each country,” he said, noting that he has invited both Trump and Bukele to his inauguration on May 24.

Asked whether another meeting with US officials was on the horizon, he replied, “Yes, I think sooner (rather) than later.”

The national police says the start to the year has been the most violent in the country’s history, with more than 2,500 homicides. Data from organized crime research center InSight Crime suggests Ecuador now has the highest homicide rate in Latin America, with nearly twice as many killings as Mexico. The surge has been fueled by drug trafficking routes, turf wars and alliances between local gangs and foreign cartels.

In March, Noboa also announced a “strategic alliance” to fight organized crime with Erik Prince, the founder of the controversial private defense contractor formerly known as Blackwater.

This post appeared first on cnn.com

Africa’s electric vehicle (EV) market is accelerating. But so far, one particular group of potential users — rural women — has largely been left behind, with investors favoring electric motorbike start-ups that serve a predominantly urban and male clientele. One company thinks it has the answer: electric tricycles.

“The boys with the two-wheelers get all the money,” said Shantha Bloemen, founder of Mobility for Africa, a Zimbabwean start-up with a 77% female customer base and one of a handful of EV companies in Africa operating solely in rural areas. Bloemen exclusively supplies tricycles, generally preferred by female riders in rural areas due to their non-straddling seat and greater stability on uneven roads. “Three-wheelers mean you’re inclusive of women,” she said.

Bloemen sees tricycles as the key to unlocking for rural women the potential of Africa’s EV market, which is expected to grow to $28.3 billion by 2030, according to data from Mordor Intelligence. She wants the continent to follow in the footsteps of Asia-Pacific, where tricycles are popular. “I want to be everywhere,” she said, “I want to be the queen of tricycles.”

For her customers, the vehicles, designed to cope with the unsurfaced roads, are transformative. “It has changed (our) way of life,” said Beauty Simango, 33, resident of the Zimbabwean village of Hauna and, since May last year, one of more than 300 people to lease or buy an electric tricycle from Mobility for Africa.

Simango no longer spends hours each day walking to fetch water or deliver crops to the market. By transporting goods and running a taxi service, her weekly income has increased from $30 to $150, although she now pays $65 towards her lease and regular battery swapping. Within 12 months, she will have paid off the price of the vehicle ($2,340). With her weekly profit, Simango pays her children’s school fees and funds farming projects. “It has helped our self-esteem as women,” she added.

But Mobility for Africa has struggled with a lack of investment. While Bloemen has raised a total of $6 million since 2019, half of which is from grants, including $380,000 from the Toyota Mobility Foundation, companies selling motorbikes in cities have been far more successful. Ampersand in Rwanda, whose clientele is, according to CEO Josh Whale, “overwhelmingly” male, raised over $21 million in a single year ending in August 2024. Spiro, the giant of the sector, has tens of millions of dollars in financing.

Most EV companies are focused on urban areas due to greater population density, said Tom Courtright, research director at the Africa E-Mobility Alliance think tank. Currently, most electric bikes and trikes must regularly swap their batteries at purpose-built facilities (Mobility for Africa currently has six such facilities) — but the cost of building and running these facilities can deter investors in areas with low populations. Currently, Courtright said, “urban areas are a better bet.”

For now, women in rural Africa must wait for the EV revolution to reach them. “Things are definitely moving in that direction,” said Ampersand’s Whale, “it’s just that the low hanging fruit is in the cities.”

This post appeared first on cnn.com

If last weekend’s tech tariff exemptions teach us anything, it’s this: trying to make near-term market forecasts based on tariff assumptions is a fool’s errand.

But that leaves a big question for active investors near or in retirement: How do you make smart decisions when the market’s running on chaos?

On Monday morning, when all three broader U.S. stock market indexes were in the green, I pulled up the new StockCharts Market Summary page and glanced at the Keller Market Models panel to check the S&P 500’s short-term, medium-term, and long-term trend positions. According to this model’s forecast, the S&P 500, despite its short- and medium-term declines, still has its uptrend intact. If this reading of the market environment remains as is, then perhaps it’s time to look for signs of a major reversal to the upside.

But what if the bullish reversal isn’t broad-based? What if it moves by sectors instead?

One way to check is by looking at the Bullish Percent Indexes (BPIs) within the Market Summary. Here’s what it showed on Monday:

FIGURE 1. BULLISH PERCENT INDEXES.  Looking at the sectors—gold miners isn’t a sector—Consumer Staples and Utilities were the two that showed signs of hope.

The BPI is a breadth indicator that tells you the percentage of stocks (within a given index) generating Point & Figure Buy Signals.

An early warning bullish alert is triggered when the BPI is below 30% and then forms a new column of X’s (rises). On Monday, the only two sectors flashing these alerts were Consumer Staples (42.11%) and Utilities (45.16%). However, there’s a less obvious issue here. If the S&P 500’s long-term uptrend holds and eventually pulls the short- and medium-term trends higher, the leadership matters.

Defensive sectors don’t typically drive or sustain bull markets. These sectors are where investors go when they’re playing it safe, not when they are betting on growth. In contrast, sectors like Technology or Consumer Discretionary usually take the lead in a true risk-on environment.

Take a look at the Consumer Staples BPI chart.

FIGURE 2. CONSUMER STAPLES BPI. Watch how price reacts to the support (magenta lines) and resistance ranges (blue-shaded area).

Using the Consumer Staples Select Sector SPDR Fund (XLP) as a sector proxy, watch how its price reacts to key near-term resistance levels (marked by magenta lines) and the support zone (blue-shaded area). The ZigZag overlay highlights swing highs and lows, helping you spot the near-term trend: higher highs and higher lows (HH + HL) signal an uptrend, while lower highs and lower lows (LH + LL) indicate a downtrend. While the BPI for staples is flashing a bull alert, it is price action that ultimately defines the trend and provides the setup for whether to act or sit tight.

Now, switch over to the Utilities sector BPI chart, using the Utilities Select Sector SPDR Fund (XLU) as a proxy.

FIGURE 3. UTILITIES SECTOR BPI. Pay attention to the lower side of the price channel.

While XLU faces a sideways range scenario similar to XLP, utilities are managing to make lower lows. This is why I used Price Channels here, whereas, in the Consumer Staples example, I overlaid a ZigZag line—the channels can better illustrate this subtle detail.

Does this indicate relative weakness in XLU vs. XLP? Possibly, but it depends on whether XLU’s price swings can penetrate the upper channel (resistance) while staying above the lower channel (support), which it previously failed to do.

But to answer the question of relative performance, this PerfCharts shows that XLU has been outperforming XLP—and both have outpaced the S&P 500—over the last year.

FIGURE 4. COMPARING THE PERFORMANCE OF THE S&P 500, XLU, & XLP. Is the Utilities sector overbought or taking a breather?

Whether Utilities have room for further upside is largely dependent on the broader market environment, which, for now, remains unpredictable. So keep an eye on the technical levels instead.

What to Do Now

Defensive sectors don’t lead bull markets; they are the sectors where investors hide out during turbulence. Right now, the market feels less like a cycle and more like a geopolitical chess match, where the moves are unpredictable, unorthodox, and hard to price in. If you decide to go “defensive,” Consumer Staples and Utilities may make sense, but only if the price action supports your goals, and likely only as a short-term play.

That said, if you’re nearing retirement, it’s just as important to keep capital on the sidelines—ready to go on “offense” when the broader bull market kicks back in.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Hertz is notifying customers that a data hack late last year may have exposed their personal data.

The rental-car giant said an analysis of the incident that it completed on April 2 found the breach affected some customers’ birthdates, credit card and driver’s license data and information related to workers’ compensation claims.

The hack occurred between October and December 2024, Hertz said, adding that “a very small number of individuals” may have had their Social Security numbers, passport information and Medicare or Medicaid IDs impacted as well.

The company didn’t disclose how many of its customers were affected by the cyberattack.

Hertz said the hackers accessed the information through systems operated by Cleo Communications, one of its software vendors, and said it was one of “many other companies affected by this event.”

Cleo didn’t immediately respond to a request for comment.

“Hertz takes the privacy and security of personal information seriously,” the company said in a statement, adding that it has reported the breach to law enforcement and is also alerting the relevant regulators. It’s offering two years of free identity-monitoring services to Hertz customers affected by the breach.

This post appeared first on NBC NEWS

A British man has died after falling from a viewing platform at a famed Roman aqueduct in the Spanish city of Segovia.

Emergency services were called after the 63-year-old man suffered a fall at around 1 p.m. local time (7 a.m. ET) on Saturday, according to a statement from the Castile and León regional government.

Attempts to resuscitate the man were unsuccessful and he was declared dead at the scene, according to the statement.

“We are supporting the family of a British national who has died in Spain and are in contact with the local authorities,” said a spokesperson.

Segovia is located around 40 miles northwest of the Spanish capital Madrid, in the center of the country.

It is a popular tourist destination that draws visitors keen to see the Roman aqueduct, which was built under Emperor Trajan, who ruled from 98–117.

Still in use to this day, the aqueduct carries water from the Frío River to the city of Segovia.

The central section has two layers of arches that stand 28.5 metres (93.5 feet) above the ground.

This post appeared first on cnn.com

Hungary’s parliament on Monday passed an amendment to the constitution that allows the government to ban public events by LGBTQ+ communities, a decision that legal scholars and critics call another step toward authoritarianism by the populist government.

The amendment, which required a two-thirds vote, passed along party lines with 140 votes for and 21 against. It was proposed by the ruling Fidesz-KDNP coalition led by populist Prime Minister Viktor Orbán.

Ahead of the vote — the final step for the amendment — opposition politicians and other protesters attempted to blockade the entrance to a parliament parking garage. Police physically removed demonstrators, who had used zip ties to bind themselves together.

The amendment declares that children’s rights to moral, physical and spiritual development supersede any right other than the right to life, including that to peacefully assemble. Hungary’s contentious “child protection” legislation prohibits the “depiction or promotion” of homosexuality to minors aged under 18.

The amendment codifies a law fast-tracked through parliament in March that bans public events held by LGBTQ+ communities, including the popular Pride event in Budapest that draws thousands annually.

That law also allows authorities to use facial recognition tools to identify people who attend prohibited events — such as Budapest Pride — and can come with fines of up to 200,000 Hungarian forints ($546).

Dávid Bedő, a lawmaker with the opposition Momentum party who participated in the attempted blockade, said before the vote that Orbán and Fidesz for the past 15 years “have been dismantling democracy and the rule of law, and in the past two or three months, we see that this process has been sped up.”

He said as elections approach in 2026 and Orbán’s party lags in the polls behind a popular new challenger from the opposition, “they will do everything in their power to stay in power.”

Opposition lawmakers used air horns to disrupt the vote, which continued after a few moments.

Hungary’s government has campaigned against LGBTQ+ communities in recent years, and argues its “child protection” policies, which forbid the availability to minors of any material that mentions homosexuality, are needed to protect children from what it calls “woke ideology” and “gender madness.”

Critics say the measures do little to protect children and are being used to distract from more serious problems facing the country and mobilize Orbán’s right-wing base ahead of elections.

“This whole endeavor which we see launched by the government, it has nothing to do with children’s rights,” said Dánel Döbrentey, a lawyer with the Hungarian Civil Liberties Union, calling it “pure propaganda.”

Constitution recognizes two sexes

The new amendment also states that the constitution recognizes two sexes, male and female, an expansion of an earlier amendment that prohibits same-sex adoption by stating that a mother is a woman and a father is a man.

The declaration provides a constitutional basis for denying the gender identities of transgender people, as well as ignoring the existence of intersex individuals who are born with sexual characteristics that do not align with binary conceptions of male and female.

In a statement on Monday, government spokesperson Zoltán Kovács wrote that the change is “not an attack on individual self-expression, but a clarification that legal norms are based on biological reality.”

Döbrentey, the lawyer, said it was “a clear message” for transgender and intersex people: “It is definitely and purely and strictly about humiliating people and excluding them, not just from the national community, but even from the community of human beings.”

The amendment is the 15th to Hungary’s constitution since Orbán’s party unilaterally authored and approved it in 2011.

Facial recognition to identify demonstrators

Ádám Remport, a lawyer with the HCLU, said that while Hungary has used facial recognition tools since 2015 to assist police in criminal investigations and finding missing persons, the recent law banning Pride allows the technology to be used in a much broader and problematic manner. That includes for monitoring and deterring political protests.

“One of the most fundamental problems is its invasiveness, just the sheer scale of the intrusion that happens when you apply mass surveillance to a crowd,” Remport said.

“More salient in this case is the effect on the freedom of assembly, specifically the chilling effect that arises when people are scared to go out and show their political or ideological beliefs for fear of being persecuted,” he added.

Suspension of citizenship

The amendment passed Monday also allows for Hungarians who hold dual citizenship in a non-European Economic Area country to have their citizenship suspended for up to 10 years if they are deemed to pose a threat to public order, public security or national security.

Hungary has taken steps in recent months to protect its national sovereignty from what it claims are foreign efforts to influence its politics or even topple Orbán’s government.

The self-described “illiberal” leader has accelerated his longstanding efforts to crack down on critics such as media outlets and groups devoted to civil rights and anti-corruption, which he says have undermined Hungary’s sovereignty by receiving financial assistance from international donors.

In a speech laden with conspiracy theories in March, Orbán compared people who work for such groups to insects, and pledged to “eliminate the entire shadow army” of foreign-funded “politicians, judges, journalists, pseudo-NGOs and political activists.”

This post appeared first on cnn.com

Between 60,000 and 80,000 households – or up to 400,000 people – have been displaced from Sudan’s Zamzam camp in North Darfur after it was taken over by the Rapid Support Forces, according to data from the UN’s International Organization for Migration.

The RSF seized control of the camp on Sunday after a four-day assault that the government and aid groups have said left hundreds dead or wounded.

The United Nations said on Monday that preliminary figures from local sources show more than 300 civilians were killed in fighting on Friday and Saturday around the Zamzam and Abu Shouk displacement camps and the town of al-Fashir in North Darfur.

This includes 10 humanitarian personnel from Relief International, who were killed while operating one of the last functioning health centers in Zamzam camp, said a UN spokesperson.

Rights groups have long warned of possible atrocities should the RSF succeed in its months-long siege of the famine-stricken camp, neighbor to the army’s only remaining stronghold in the Darfur region, al-Fashir.

Satellite imagery from Maxar Technologies showed burning buildings and smoke in Zamzam on Friday, echoing prior RSF attacks.

The RSF has dismissed such allegations, and says the Zamzam camp was being used as a base for army-aligned groups.

At the start of the war, the camp was home to about half a million people, a number that is thought to have doubled.

In a video shared by the paramilitary force, RSF second in command Abdelrahim Dagalo is seen speaking to a small group of displaced people, promising them food, water, medical care and a return to their homes.

The RSF accelerated its assault on the camp after the army regained control of the capital Khartoum, cementing its retaking of the center of the country.

It has also accelerated drone attacks into army-controlled territory, including an attack on the Atbara power station in the north of the country on Monday according to the national electricity company, cutting off power to the wartime capital of Port Sudan.

The war in Sudan erupted in April 2023, sparked by a power struggle between the army and the RSF, shattering hopes for a transition to civilian rule. The conflict has since displaced millions and devastated wide swathes of the country, spreading famine in several locations.

This post appeared first on cnn.com

One of Russia’s most outspoken generals, sacked and detained after a withering attack on the Defense Ministry two years ago, is returning to the front, according to his lawyer.

But according to Russian state media, he’s been handed a poisoned chalice: front-line command of a notorious battalion of ex-prisoners that has suffered massive casualties in Ukraine.

Two years ago, Major General Ivan Popov was the decorated commander of the 58th Combined Arms Army in southern Ukraine, receiving plaudits for his leadership.

Then he made a mistake – sending a voice note to colleagues excoriating the leadership of the Defense Ministry, and saying he’d been fired for complaining.

“The armed forces of Ukraine could not break through our army from the front, (but) our senior commander hit us from the rear, treacherously and vilely decapitating the army at the most difficult and tense moment,” Popov said in the message, sent in July 2023.

Most of his ire was reserved for the Russian military’s chief-of-staff, Valery Gerasimov.

Popov said that when he complained about a lack of artillery support and other issues, “the senior commanders felt the danger in me and swiftly, in one day, concocted an order for the Minister of Defense, removed me from the order, and got rid of me.”

Kateryna Stepanenko, at the Washington-based Institute for the Study of War, says that Popov’s dismissal “outraged Russian ultranationalists, officers, and veterans, who accused the Russian MoD of removing Popov to mask problems in the Russian military.”

The military establishment was especially sensitive to criticism at the time – less than a month after the abortive revolt by Wagner mercenary group boss Yevgeny Prigozhin.

Life for Popov was soon to get worse. At first, he was sent to Syria to be deputy commander of the Russian contingent there, but in May last year he was arrested for alleged fraud, a charge he has consistently denied.

Prosecutors sought a six-year jail sentence if convicted, and Popov was dismissed from the armed forces. But his supporters continued to speak up for him.

Stepanenko believes the Kremlin “largely failed to convince the Russian ultranationalists, officers, and veterans of Popov’s alleged involvement in the embezzlement case, resulting in persistent backlash online.”

Popov wrote an open letter to Russian President Vladimir Putin, which was published in state media in late March, appealing to be allowed to return to the battlefield. He described Putin as his “moral guide and role model” whose example “made me finally understand what the legendary words mean: ‘a cool head, a warm heart and clean hands.’”

Popov’s wish has now been granted, after a fashion.

Last week, Russian state media reported that his lawyer and the Ministry of Defense had agreed to Popov’s request to return to active duty rather than face the prospect of a prison sentence.

Popov’s lawyer, Sergei Buinovsky, was quoted on TASS as saying: “We, together with the Ministry of Defense, have a motion to suspend on the case… with the positive decision to send Ivan Ivanovich to the SVO (The Special Military Operation.)” Moscow continues to use this term to refer to the full-scale invasion of Ukraine it launched in 2022.

It’s yet to be confirmed that the military court has agreed to the deal, but Popov’s supporters among Russian military bloggers rejoiced.

“The legendary combat general returned to the front!” wrote Vladimir Rogov, a popular blogger.

But there was a sting in the tail. Popov would not be returning to his beloved 58th Army.

On Thursday, Russian business daily newspaper Kommersant reported that Popov would “be sent to the SVO not as a regular stormtrooper, but as the commander of one of the Storm Z units,” citing a source in the security forces.

That same day, Kremlin spokesman Dmitry Peskov declined to comment on a call with journalists “on the intention of General Popov, accused of embezzlement, to take up a special operation.”

But Stepanenko describes Popov’s assignment as “effectively a death sentence because the Russian military command primarily uses ‘Storm Z’ penal detachments in suicidal frontal assaults.”

The Kremlin has continued to support the use of prisoners in combat. Putin recently promised to get members of Storm Z veteran status.

“We will definitely fix this. I don’t see any problems here,” Putin said at a meeting last month. “I have great connections, I will come to an agreement with both the government and the deputies,” he added.

As the Russian military seeks to bolster the number of experienced officers in Ukraine, it’s increasingly turning to those who have fallen out of favor.

“Putin appears to have set up a new redemption system in which disgraced officials and commanders have a chance at regaining Putin’s favor, provided they publicly plead guilty to their charges and then volunteer to fight in Ukraine,” says Stepanenko.

Popov has denied the charges against him and a military court is yet to green-light the deal between his lawyer and the Defense Ministry.

But he is certainly familiar with Russia’s notorious units of ex-convicts, which played an outsize role in the assault on Bakhmut in 2023, suffering immense casualties in the process.

When in charge of the 58th Army, Popov was affiliated with a battalion of former prisoners known as “Storm Gladiator,” a special assault unit within Storm Z.

It had “hundreds of convicts with prior military experience who received training from former Wagner Group and Chechen ‘Akhmat’ forces,” says Stepanenko. But it suffered significant losses in what became known as “meat grinder assaults,” frontal infantry assaults on well-defended positions. Detachments of Storm Gladiator had a survival rate of 40%, according to some investigations.

As and when he returns to the battlefield, Popov is likely to need all his military prowess to keep his ex-prisoners’ battalion, and himself, alive.

This post appeared first on cnn.com

For hundreds of millions of people living in India and Pakistan the early arrival of summer heatwaves has become a terrifying reality that’s testing survivability limits and putting enormous strain on energy supplies, vital crops and livelihoods.

Both countries experience heatwaves during the summer months of May and June, but this year’s heatwave season has arrived sooner than usual and is predicted to last longer too.

Temperatures are expected to climb to dangerous levels in both countries this week.

Parts of Pakistan are likely to experience heat up to 8 degrees Celsius above normal between April 14-18, according to the country’s meteorological department. Maximum temperatures in Balochistan, in country’s southwest, could reach up to 49 degrees Celsius (120 Fahrenheit).

That’s like living in Death Valley – the hottest and driest place in North America – where summer daytime temperatures often climb to similar levels.

Ayoub Khosa, who lives in Balochistan’s Dera Murad Jamali city, said the heatwave had arrived with an “intensity that caught many off guard,” creating severe challenges for its residents.

“This has intensified the impact of the heat, making it harder for people to cope,” he said.

Neighboring India has also been experiencing extreme heat that arrived earlier than usual and its metrological department warned people in parts of the country to brace for an “above-normal number of heatwave days” in April.

Maximum temperatures in capital Delhi, a city of more than 16 million, have already crossed 40 degrees Celsius (104 Fahrenheit) at least three times this month – up to 5 degrees above the seasonal average – the meteorological department said.

The searing heat is being faced in several neighboring states too, including Rajasthan in the northwest, where laborers and farmers are struggling to cope and reports of illness are beginning to emerge.

Maximum recorded temperatures in parts of Rajasthan reached 44 degrees Celsius (111 Fahrenheit) on Monday, according to the meteorological department.

Anita Soni, from the women’s group Thar Mahila Sansthan, said the heat is much worse than other years and she is worried about how it will impact children and women in the state.

When the laborers or farmers head out, there is an instant lack of drinking water, people often feel like vomiting, they fall sick, or they feel dizzy, she said.

Farmer Balu Lal said people are already falling sick due to working in it. “We cannot even stand to work in it,” he said. “When I am out, I feel that people would burn due to the heat outside.”

Lal said he worries about his work and how he will earn money for his family. “We have nowhere else to go,” he said.

Testing survivability limits

Experts say the rising temperatures are testing human limits.

Extreme heat has killed tens of thousands of people in India and Pakistan in recent decades and climate experts have warned that by 2050 India will be among the first places where temperatures will cross survivability limits.

Under heatwave conditions, pregnant women and their unborn children are particularly at risk. “There is unexplained pregnancy loss and early babies,” said Neha Mankani, an advisor at the International Confederation of Midwives in Karachi.

“In the summers, 80% of babies are born preterm with respiratory issues because of the weather. We also see an increase in pregnancy induced hypertension, (which could) lead to preeclampsia – the leading cause of maternal mortality.”

India and Pakistan, both countries with glaring disparities in development, are expected to be among the nations worst affected by the climate crisis – with more than 1 billion people predicted to be impacted on the subcontinent.

The cascading effects will be devastating. Likely consequences range from a lack of food and drought to flash floods from melting ice caps, according to Mehrunissa Malik, a climate change and sustainability expert from Pakistan’s capital Islamabad.

Communities without access to cooling measures, adequate housing and those who rely on the elements for their livelihoods will feel the effects much more acutely, said Malik.

“For farmers, the weather is erratic and difficult to predict,” she said. “The main challenge is the fact that temperatures (are) rising at a time when crops aren’t at the stage to be harvested. They start getting ready earlier, yields get lower, and in this dry heat they need more water… If your plants are still young, severe heat causes little chance of them making it.”

Tofiq Pasha, a farmer and environmental activist from Karachi, said summers begin much earlier now.

His home province, Sindh, which, along with Balochistan, has recorded some of the hottest global temperatures in recent years, suffered a major drought during the winter months and the little rainfall has led to water shortages, he said.

“This is going to be a major livelihood issue among farmers,” Pasha said, explaining how temperatures also affect the arrival of pests. “Flowers don’t set, they fall, fruits don’t set, they fall, you have pest attacks, they decimate the crop, sometimes it gets too hot… the cycles are messed. Food production is extremely affected.”

Heatwaves have in the past have increased demand for electricity, leading to coal shortages while leaving millions without power. Trains have been cancelled to conserve energy, and schools have been forced shut, impacting learning.

This post appeared first on cnn.com

Panic selling and oversold extremes gave way to a rip higher last week. Stocks are poised to open strong on Monday as the market reacts positively to tariff news. Last week’s bounce is considered an oversold bounce within a bear market. Thrust signals are setting up, but strong follow through is needed to trigger actual signals. This report will first review the panic indicators and the short-term oversold condition, and then show what it would take to move from a bear market bounce to a bullish breadth thrust.

3 Standard Deviation Decline

The chart below shows SPY dipping below the lower Bollinger Band (200,3) on April 4th. This means SPY was more than 3 standard deviations below its 200-day SMA, which is an extreme oversold condition. For reference, SPY has reached this extreme 27 times in the last 25 years. Such a move reflects panic selling pressure that often gives way to a bounce, which we got on Wednesday, April 9th.

TrendInvestorPro highlighted this 3 standard deviation move and extreme oversold conditions in our reports on April 7th and 8th. Click here to learn more and gain immediate access.

Oversold Extremes for Long-term Breadth

The next chart shows S&P 500 Percent Above 200-day SMA ($SPXA200R) dipping below 20% on April 7th to become extremely oversold. This means more than 80% of S&P 500 stocks were below their 200-day SMAs as traders sold pretty much everything. Extremely oversold readings in long-term breadth foreshadowed bounces June 2022, September 2022 and April 2025.

NYSE Zweig Breadth Thrust Sets Up

The NYSE Zweig Breadth Thrust is setting up as it finished below .40 on Friday. Actually, this indicator has been below .40 for four of the last five days. Readings below .40 reflect a short-term oversold condition that could give way to a bounce. The indicator first dipped below .40 on April 4th and stocks rebounded last week.

This indicator is also setting up for a possible Zweig Breadth Thrust. Currently, stocks are in the midst of an oversold bounce within a bigger downtrend. This would become a bullish Zweig Breadth Thrust should we see follow through and surge above .615 with 10 days. The countdown begins.

The Zweig Breadth Thrust indicator is the 10-day EMA of Advances/(Advances + Declines). Why did Zweig use a 10-day EMA? I believe he wanted to separate 1-5 day bear market bounces from bounces with follow through. The current bounce is just a bear market bounce and we need to see follow through within 10 days for a Zweig Breadth Thrust to trigger.

It is important to monitor more than one breadth indicator for thrust signals because you never know which one will trigger. The NYSE Zweig Breadth Thrust might miss, but the S&P 500 or S&P 1500 Zweig Breadth Thrust indicators may catch the signal, especially if Nasdaq stocks or small and mid caps lead. TrendInvestorPro monitors thrust indicators based on the percentage of stocks above their 20 and 50 day SMAs, and we have a breadth thrust index that aggregates thrust signals in over a dozen breadth indicators. This analysis continues for subscribers to TrendInvestorPro. 

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