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This just in from my new econ research team

December 28, 2018
Drew Angerer/Getty Images
Glenn Beck

CEO/Founder

I get these reports daily now and soon you will too. I thought this one was important:

With Munchin formally 'activating' the Plunge Protection Team, thought I'd send an update.
The DOW is nearing its next major support level which should mark the end of Wave 3 of III down, and we should see a meaningful bounce from there. That key support level is 21,486. Measured as a whole, the DJIA reaches "oversold" status at around 21,515 (that is where the current price moves below the estimated 365-day P/E Ratio average for all 30 stocks).

If we have the Wave Count correct, the Market should bounce at or before 21,486, and recover 30-51% of the decline from December 3rd rally peak at 25,980, if not 30-51% of the all-time high on Oct 3rd at 26,951. It just depends on the degree of trend. Either way, we'd expect the market to find a near-term floor soon and start a Wave 4 rally. We are still in the overall declining trend channel of Lower Highs and Lower Lows, so breaking through the top end of that channel (right now at around 22,974) will be needed to confirm Wave 4 up is actually underway.

Note that AFTER that rally, we'd expect to see Wave 5 down, as the overall cyclical Bear Market continues. The bottom of that trend channel is below 21,500 and above 15,500...I realize that is a huge range, but the decline has been steep enough and choppy enough that I can't make a more definite prediction just yet.

If the market does continue lower with strength below 21,486, the next support shelf isn't until ~20,834. Just need to keep our eye on that 21,486 level and the pace/volume of trading and A/D ratio if it pokes at that level. Probability is we see a countertrend rally start soon, but if declines continue here past 21,486 with strength, it points to a larger Bear degree of trend and declines to next support levels below.

Note: Oil is down significantly today as well, trading below $44. Oil-dependent economies will be strained.

It is the last line that worries me. I will focus only on 8 critical things next year to assist you in understanding now just what is happening today but more importantly how this fits into my theory of what comes next.

The time is now. Get ahead of everyone else so you can help those behind.

Why would Hunter Biden release a memoir NOW?

During his campaign, President Joe Biden survived scandal after scandal involving his son Hunter — the Ukraine/Burisma scandal, the laptop scandal, the one involving a stripper from Arkansas and a long-lost child. And yet, after it all appeared to have been swept under the rug, Hunter has now released a memoir — "Beautiful Things."

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere discussed Hunter's "horrible" response when asked on "CBS This Morning" if the laptop seized by the FBI in 2019 belonged to him and reviewed a few segments from his new book, which they agreed raises the question: Is Hunter trying to sabotage his father's career?

Watch the video below for more:


Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Glenn Beck: Here's why MAJOR companies are going all-out woke over Georgia's voting laws

Countless corporations — from Delta Air Lines, Coca-Cola, and Porsche to UPS and LinkedIn — are calling out the Georgia voting laws, calling them "restrictive," "racist," and "discriminative." Meanwhile, words like "stakeholder" and "equitable" are starting to show up in their arguments.

On the radio program, Glenn Beck gave the "decoder ring" for what's really going on here, because our society is being completely redesigned in front of our eyes.

There's a reason why all these big businesses are speaking out now, and it has very little to do with genuine ideology, Glenn explained. It's all about ESG scores and forcing "compliance" through the monetization of social justice.

Glenn went on to detail exactly what ESG scores are, how they're calculated, and why these social credit scores explain the latest moves from "woke" companies.

Watch the video below to hear Glenn break it down:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Who is the REAL Jesus? THIS is what America needs to hear today

Dallas Jenkins is a storyteller — and he's telling the most important story of all time in a way that many believed was impossible.

Jenkins is the creator of "The Chosen," a free, crowdfunded series about the life of Jesus that rivals Hollywood productions. And Season 2 could not have arrived at a better time — on Easter weekend 2021. Church attendance has dropped, people are hungry for something bigger than all of us, and many are choosing social justice activism, political parties, or even the climate change movement as "religions" over God.

This Easter weekend, Jenkins joined Glenn on the "Glenn Beck Podcast" to discuss the aspects of Jesus that often get overlooked and break through the misconceptions about who Jesus really is to paint a clear picture of why America needs Emmanuel, "God with us," now more than ever.

Watch the full podcast below:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Lara Logan: Biden's border crisis is enabling the 'MOST POWERFUL criminal organizations' on Earth

Award-winning investigative journalist Lara Logan joined Glenn Beck on the radio program this week to argue the Biden administration's border crisis is "enabling" drug cartels, allowing them to exploit migrants, use border wall construction roads, and cross the border much more easily.

Lara, who has witnessed and experienced firsthand some of the worst violence around the world as a war correspondent for CBS News, told Glenn it's "not an overstatement" to call the cartels in Mexico "the most violent and powerful criminal organizations on the face of the earth." And while they're "at war with us, we've been asleep at the wheel."

But Lara also offers solutions that the U.S. can enact to stop these horrific atrocities.

"There's more than 30,000 Mexican civilians who are massacred every year in Mexico by the cartels. And that's just the bodies that the Mexican government owns up to or knows about, right?" Lara said. "There's Mexicans buried in unmarked mass graves all across the country. I mean, everyone knows that the violence of the cartels is not like anything anyone has ever seen before. It even pales in comparison to, at times, to what terrorist groups like ISIS have done."

Lara went on to explain some of the unspeakable acts of violence and murder that occur at the hands of the Mexican cartels — 98% of which go uninvestigated.

"That's not unprosecuted, Glenn. That's uninvestigated," Lara emphasized. "[Cartels] operate with impunity. So the law enforcement guy, the policemen, the marine, the National Guardsmen, who are trying to do the right thing, who are not in the pocket of the cartels — what chance do those guys have? They've got no chance. You know where they end up? In one of those unmarked graves."

Watch the video below to catch more of the conversation:

(Content Warning: Disturbing content)



Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.