So um so wow, um, um, hello, hello, hello, folks, we are back at it again. We are back at and again man. It is thursday december 16th, the day after the day after the fed announcement, when they signaled to the world, hey buckaroo we're gon na stay. Pretty dovish, that's our christmas present to you.

We are gon na, let things go absolutely sky, freaking high and that's how it all played out. That's how it all played out. Now, if you were in yesterday's stream, you knew there was a personal debacle for me. I was in amd, i was in tesla and the question was stay in or get out and amongst all the adversity, everyone's like matt matt.

You should lock it all in money, lock it in and i just knew it i stuck to it. I was never wavering. I didn't waver at all. I was like no, i feel confident in this gap up this is the right play.

I saw the matrix of the market now, maybe a little bit more of my keen eyed astute viewers might be like matt, that's not how it played out at all. You asked an eight ball. If you should get out, you asked an eight ball. If it's gon na gap up, it said no, you try to get out and you weren't quick enough to get out by the time the market closed.

So it seems weird that you're somehow saying you called this when there's little video evidence that it played out differently and to that i would respond. Never let the truth get in the way of a good story. It just doesn't work like that way in the entertainment biz you never ever let the truth get in the way of a good story. So that's my story and i'm sticking to it.

I fought adversity. I knew it was going to play out this way. I knew it was the right play and i never questioned it for one second. Never never.

Never. I am the best tesla trader on this side of the mississippi at least that's how i feel now, but who knows maybe 9 30 will hit and i'm not really quite sure, uh if i'll react appropriately at market open. Only time will tell that's how i keep my viewers here. They need to see the train wreck in real time, all right so and honestly across the board.

Things are in the green, i mean there's quite a few gap ups and let's actually take a quick dive into what in the world is going on. So the dow, the s p, the nasdaq oil green, green, green, green, green people are liking. The current continued dovish nature of the federal reserve, let's get into some of the particulars, so the s p 500 set for record at open in a relief rally after the fed's tightening decision. So let's bring up the s p 500 right here.

The all-time high is 473.54. It was actually above that at one point early this morning and we're taking a little bit of a breather, but i would not be surprised in the slightest if in the normal trading hours today, if we hit a new all-time high, and actually i would take that One step further, i personally believe barring any insanity, basically related to rhona um. I think all the things that people are being cautious about are now kind of concluded. I think we actually legitimately have that santa seasonal rally higher and higher and higher.

I think all the major markets indices all the major stocks that make up those. I think we will continue to push higher for the remainder of this calendar year, barring any nutso developments with the rona and my reasoning for that we'll get into a bit more detail, but overall things are green and if you miss the federal reserve, basically what you Need to know is there was nothing that was surprising and any questions. They were really asked in that presser. Afterwards, they answered answered it all like kind of perfectly they they knew what they were saying.

They knew how to say it. They knew how to comfort everyone. The big players that were going to keep the market either going up or push it down. They knew what to say, at least in the short term, to comfort everyone.

What you need to know is, they did not raise interest rates, but they did increase tapering. It looks like tapering will conclude um it's gon na originally was 120 billion a month and they're slowly but surely getting out of that looks like we will be in done about mid march of 2022. So that's the current tapering schedule. They did increase the velocity of that nothing about the interest rates, but with the interest rates, there's now kind of some assumptions that they're, actually, we know there's pretty much going to be one next year.

Then the question is there two and now people are bringing up. Are there going to be three interest rate hikes next year? So definitely something to consider so that all happened yesterday and then early this morning they came out with the jobless claim. So economists expect to rise in first time filings for unemployment benefits to 195 000. For the week of december 11th, new claims fell to 184 in the prior week.

Uh the lowest tally in more than five decades 52 years, and this came out at 8, 30 uh this morning. So just 35 minutes ago weekly jobless claims came in at 206 and the expectation was 195., so pretty much on par. I mean off by 11 000, like we've, definitely seen more dramatic discrepancies in the past. I would say this one's actually pretty close.

So, yes, we already talked about the federal reserve um. So here are some of the specifics for the people who are just joining in once the faster tapering ends in late winter or early spring. We are basically looking at march mid-march of 2022 central bankers expect to start raising interest rates which were held near steady near zero at the week's meeting. So they didn't really comment on the time period of when they're like okay, we're gon na start raising it.

Now it's not like that came out in the meeting, but there are other people doing their own fancy surveys and predictions, and that's why you're going to hear june quite a bit in addition to as many as three right rate hikes next year, two more are seen In 2023, followed by 2024, so this will be a multi-year event to kind of unwind. All of the steps that the fed had to take to kind of keep the everything i don't know as good as it could have been during the pandemic for the next year. The fed increased its inflation outlook reduced its economic growth forecast and called it for an improvement in the jobs market. So as of now, according to the fed, the inflation is coming in at 5.3 percent and they're hoping to get that down to 2.6 next year and remember.

Those numbers are important because they're always trying to hone in on 2 in the long term they are. They want the average inflation year over year to be 2. The fed's policy again noted that developments with the ronin pandemic, particularly variants, pose risks to in outlook and then also unrelated. There uh, as the unicorn spreads regeneron, works on new treatment for the variant.

The white house on wednesday insisted that there was no need for a lockdown, because vaccines are widely available and appear to offer protection against the worst consequences of the virus. So, with the new unicorn variant, it does seem like the data is suggesting that, yes, it seems to have a higher transmission rate, but it seems the mortality of that is lower and fortunately we also have certain ways to combat it. So i do want to bring up this apparently there's no need for a specific booster. I guess early data is suggesting that pfizer and modern those booster shots both do the job not necessarily saying that one is clearly better than the other.

And finally, just a quick company update delta airline forecast q4 profit as travel demand. Fares increase we're seeing kind of in general, people are returning to various leisure based things, uh we're seeing positive numbers out of, i guess guidance out of what we're seeing from cruise lines. We see it in airlines. Uber just reported some of its best bookings ever similar with lyft um, so people are clearly deciding to do things that are a little bit more leisure based and not necessarily just like cooped up in their own home.

So with all that, i do have some additional government updates for you. So yesterday the big story was that the debt ceiling issue was handled. On top of that, the senate finally passed the defense bill and apparently it's coming in at 24 billion more than the president had requested. So previously the house had already passed this just so everyone knows so the senate passed it, and i just think it's funny that, like 24 billion more - and this is the very very lopsided votes, this doesn't seem to be when your classic political gridlock issues uh an Overwhelming amount of people across both sides of the aisle are supportive of this uh, which i just kind of find interesting.

So that's to me signaling that both democrats and republicans are, i guess, very right now focus on like be beefing up defense at a certain point. Just want to share that and i think it's important, because it does in a certain way, tie with my argument that i think the market is going to remain on this positive bullish, apis momentum for the remainder of the year, because the federal reserve, their next meeting Is going to be late january, so there's no more big fed announcement discount this month and obviously this calendar year on top of it, there was concern over the debt ceiling, but now that that's been fixed, we're getting this pass on the defense bill as you're about To see the only thing that really isn't going to make it through on this year is most likely the build back better program and we're going to about to talk about that. But overall, the market does not like unknowns, and it seems like a lot of the unknowns that we had in the last week of our life are finally known, and it doesn't seem like there's really anything on the docket that might make people cautious for the remainder Of the year, so when i tie that scenario together with seasonally, this is a bullish time that makes me bullish and i think the only thing that can throw truly a wrench into that plan is, if things get out of hand with the spread of the newest Variant, for example, i think some numbers were coming in pretty high uh in the uk, i think, or in the realm of 75 000 granted. It is it's a high spike, like that's kind of equivalent levels like that was just for wednesday of new cases.

But when you look at the related mortality, it is extremely extremely low. So, obviously, when i prefer that no one has it at all: yeah, okay, but there's also the silver lining that mortality rates are extremely extremely low, so hopefully a little bit of a silver lining there. But overall we just obviously don't want it to get out of hand. We don't want to see national lockdowns that type of stuff.

Obviously people don't like that the market doesn't does not react well to it. So the one thing that's most likely not going to make it through this year's. The build back better program democrats hopes dim that the build back better will pass before the new year. This is the 1.7 trillion dollar package and i guess the votes are just not there and i did find a very funny quote for you.

So the holdout uh is the democratic. The democrat from west virginia joe manchin um. I guess the talks between biden and mansion are going quote unquote very poorly, but the quote i want to share for you asked whether his resistance to the bill was related to the inclusion of the child tax credit payments. Manchin told reporters.

I've always been for child tax credits. We voted for it many times this. Is he added your bold statements coming out of the senator from west virginia telling a reporter that this is, and on top of that that the reporter is also so, i guess when you put those two things together, it's just a pile of across the board um Ma'Am quotes from political officials. Oh he's always always interesting.

This is, and on top of that, your good stuff good stuff right there all right. So a couple updates for, i guess individual businesses, so apple um. This is all obviously going to be related. We're seeing this with many many companies and now apple is joining.

The ranks has a new return to the office of indefinite, so no clear date for apple employees to go back, and this is just kind of once again following the trend that we're seeing through a lot of different businesses. I also wanted to talk about apple, because today there is a very, very reasonable chance if it hits 182 and i think a half it's gon na be the first three trillion dollar company right now, it's in striking distance early this morning it was actually above 181. It just needed, like a dollar twenty, a dollar, thirty more to go right now. 179, so we will be watching that in apple, potentially the first three trillion dollar company moving on reddit files to go public.

This is being met with some positive commentary and also some negative commentary. The positive commentary is that when you go public you're going to have more money and you could do cooler bigger things, the negative aspect of it, a lot of redditors are saying, hang on. If, like we are under the scope of public scrutiny, it might kind of hurt the culture of reddit, so a little bit of a fight going back and forth there. So reddit on wednesday announced that it has confidentially submitted a draft registration statement with the sec to go public.

The social media company announced the fund, but it did not make the filing publicly available. Most recently the company announced i had raised 700 million round in august 2021 at an evaluation of 10 billy. So this is kind of a new storyline there's not many details about it and, as those details come out more than happy to share it with all of you and i'm more of a. I guess, like a sadder note, like a weird mess up note: mcdonald's claws back 105 million from fired ceo, easter, brook accused of hiding relationships from the board.

Those were very, very costly relationships, 105 million. The reason i want to bring this up is every once in a while people. Ask me particularly about mcdonald's um as like, as an equity, to pay attention to. There might be some of a reaction if this relates to a like a larger lawsuit or something like that worthwhile to look into whenever it gets into more of like this social realm of relationships and that type of stuff could have a potential negative impact on the Stock, so if you're in mcdonald's just wanted to bring this up to you because it could have impacts.

So let's take a quick technical look at the overall market all-time high 473 54.. We are at 472-27. I think we might be hitting in a new all-time high. Today, ding-it-ding-ding-ding, we are closing in on the 69th all-time high close for the year uh, what a magical number that would possibly be so once again, i am very, very bullish on the overall market today, um and honestly for the remainder of the year and i'm looking For that breakout of 473-54, after that point, i suppose like you're, really gon na, have to let price discovery play itself out.

But if you wanted some of the fib levels, we could watch 478 and then 486 would be kind of my two reach targets at a new all-time high once again, 478 and 486 are the two numbers, but really i just like to let the trend play out. I like to let those winners ride in terms of the nasdaq i'm looking for that break above 400 and then from there i'm looking at 407 409 but tech. We are seeing that with the results of the fed meeting, money is going it at first. It was clearly in high growth, quote, unquote higher risk such as tech and crypto, and then with the uncertainty it started to pivot outward, and that's also honestly, when we saw money, leave, amc and gme, there was an exodus from what's perceived to be a higher risk.

Trade, a higher risk investment, but now it seems like the faucet is back on and we are seeing money return into high growth. High risk bets russell 2000. Hopefully we get the bounce there support support 213. Would love it to come back up to 223.

Would love really to see a breakout of this trend line which could hopefully lead to a gap fill at 228 and some change back here, the low from november 24th? In terms of amc, we have apparently a nice gap up this morning. I would love to see a test of 27 support support, support, uh. We are seeing some buyers step in back on amc. I would also like to say that we have the highest short interest of all time and also, obviously, then, for the calendar year.

Amc clocking in at a scorching, hot short interest of 21.18, and just so you know, gamestops is also rapidly rising. This one is up to 17.12. Both amc and gme over the past two to three weeks have seen dramatic and notable jumps in the short interest uh at least the estimated short interest. Ga amc at a new all-time high and gamestop, not at a new high, but clearly going up.

It was sub 10 and now we're all the way up to 17., so both of them seeing clear, clear jumps in the short interest in terms of the technicals of gamestop. It looks like we actually might be gapping up above this trend line. If so, would love to see the reaction to 167, that will be maybe 160 first okay, i'll watch 160 and then 167 on gme. In terms of tesla, i mean looking good, thus far looks like we're going to be gapping up by ten dollars.

At one point it was already over a thousand. A thousand is a key psychological level. I'm a little bit surprised it didn't get. This full gap fill at nine ten, but maybe it's just saving that, obviously for a future date.

So out of the gate on tesla, i want to see how it reacts to a thousand dollars. That's a key level that many many people will be paying attention to so tesla a thousand dollars if it somehow gets above a thousand. At that point, i would then be comfortable trying to wait for a thousand twenty five, a thousand thirty uh just from the previous technical levels of interest, we're also in amd uh. It's.

This was my target yesterday. It hit it very very rapidly, so if it can hold above 147 uh, we have some consolidation support, support resistance where it closed yesterday. At that point, i would love for it to cost above 150, and that opens up this opportunity to 152 but amd the semiconductor industry before the fed announcement yesterday was holding stronger than many other industries. That's why i got into amd and then after the announcement, it started to really really move, so i just needed to hold above this level, and i already bought myself time.

It doesn't expire until next week. Uh would love to see what kind of legs this move. Really has on it not much different for nvidia another gap up close at 304, it's at 310 uh. If this thing can get above 313-ish, i think we're talking back to 325, maybe even a push above 325.

overall. Clearly, i'm heading into this in a pretty bullish manner. Right now, avalanche has been ripping it bounced off of 76. All the way up to 108 solana catching a nice bid doing relatively better bitcoin has just been flat.

Like it's still hanging out, i mean it's close to 50 000, it's at 49, 000, but uh we're seeing some of these all coins and all tokens perform a little bit better. I like that ethereum is back above 4. 000. I think that's good.

Uh avalanche has been crushing it. We have matic, that's back above two. I would love to see this above 250 loop ring um not doing the best, but also not doing the worst. It's just kind of coasting right here at 228.

We'd love to see it back. Above 275., shebe is at 33 just kind of flat. There oops, i didn't mean to make it that color uh cardano 130. That's been a bit boring.

We have doge. Just went back sub 20s hanging out at 18 right now and that's kind of your major crypto update overall we're seeing the money the buying the faucet is back on back on back on back on. So with all that being said, uh to make it very explicitly clear, i am heading in today pretty bullish. I do need to consider my own tesla and amd calls.

I just need to figure out the best time to exit on those, but i am expecting a noteworthy amount of volatility this morning, so it should be kind of a interesting play, interesting play, but with the gap ups, i do feel confident that the new account challenge Will finally be above 25. 000.. All right, could you look up the ortex for the russell 2000 so that actually doesn't do like when it comes to those hang on or text i'll bring it up, but it doesn't ever really have estimated short interest on these. It's not quite how it works, uh with it being an etf arca, apparently based etf hang on iwm, so the current estimated short interest is 163 million.

So you could just compare that to the outstanding share count of iwm, but it's not doing an estimation um. Even when they do the like exchange reported things, it doesn't give you that percentage um, because that's just not quite how it's based, because this is just one etf, that's tracking the russell, but it's not the only one, that's wrecking the russell you would actually have to Do the math like across all the various etfs that are tracking the exact same basket of stocks? So not the best, i guess rubric, but if it gives you anything yesterday, the short interest did go higher by a decent jump. So that's for the russell, but you're not ever really going to get that metric of a particular short interest like percentage revving earnings today, bullish or bearish in your opinion, uh rivien is definitely overvalued right. Now it's 115 dollars um! It's delivered 150 vehicles like i'm supportive of rivian, but i think it's also currently overvalued.

So i don't know if i would do my long-term investment now um. There might always be an opportunity for a beautiful, short-term trade, whether up or down, and i have no problems with those, but for the earnings i mean not the best. I mean we knew in the previous earnings that they were predicting uh like a billion dollar, plus loss uh for the quarter so, like i don't think they're going to come in and be like: hey we're profitable and we sold all these cars. It is a new company like it has to get its like legs under it for lack of a better term um riving.

I think it's going to have some volatility. It's not something i'm particularly interested in training pre-earnings. Maybe we could get a nice volatility move after earnings that we can like play the trend, but whether it beats like or doesn't whether it's bullish or bearish, i mean that's the flip of the coin. I don't necessarily like those odds.

Did you ever scoop up avalanche position, so i have some avalanche. It's not my full size um, because i didn't really know what was going on. So that's a great question shout out jeremy. I got some.

I wish i had more definitely wish. I had more. I'm a fan of avalanche. I have some right now, but in reality some of it a little bit too much of it has been converted over to these dow protocols.

But i more than happy to talk in more detail about avalanche and what's going on in crypto uh cryptostream today at 2pm all right, so we have about five minutes to go folks. Five minutes to go till that bell goes ding, ding ding! So let your questions fire, whatever your questions are: let's do it. Let's do this thing. Did you see that the nft uh with uh trump? Yes, it affects salona, blockchain 100, going to be covering that i actually already have that.

Where is it yep right here, uh former first lady announces nft platform, it will be released and nft on. It will also release in the nft on solana, uh kind of an interesting development there. I don't know if it does or doesn't particularly relate to truth, social but yeah that that's clearly a storyline that we will be diving into in the crypto update. Can you check out the bbg bbig on ortex? Yes, bbig, no problemo, vinco ventures.

Bbig has an estimated short interest of 21 um, so for quite a while bbigs was actually above amc's, but now with a recent movement uh technically, it's they're tied bbig as of right now, the estimated short interest is like a hair higher than amc's, but with that, Like it definitely has a high short interest, the thing i'm not quite seeing no mbvig is people buying um. If it gets above 325 ish, you might have a shot at the gap up to 377, but overall, it's been kind of a bloody fight in bbig. Ever since early september, could it get going again? Of course i mean it got going previously. I don't see a reason it couldn't get.

Do i necessarily think that that's the highest odds play? No, i mean it has potential, it's not one. I'm personally going to be hopping in on, but it does have a high short interest. You were on the amc short interest yeah. This is amc's, i'm looking at bb igs over here, so bbigs is 21.44, while amc's is 21.18, so pretty much equivalent, especially the fact that it is being estimated based off 85 percent of transactional volume, 18 t gapped up saying that they're going to offer a dividend At 52, what are you at 52 cents good play or is the gap up um the end of the rise? So isn't? Uh is 18 t just t.

Oh i mean att has been getting messed up. Lately uh, you could just play the recent low. I i mean your risk is super well capped. I mean you're risking.

What's up 38 cents, you could just literally risk this support. Um. If you think it's done, i mean i don't want to fight against the trend that much. This has been a pretty bearish trend.

A pretty bearish trend ever since may of this year. Maybe this is the thing that gets it going back up. Possibly, but i don't know it's not my favorite play brambles by any means. Many people saying few hedge funds got out or closed amc yesterday, not sure if it's sure not have you heard or does that have any impact.

So what i was reading and what we were talking about a little bit earlier in the discord, was that there were some hedge funds, but i believe it was through puts so it wasn't like they're covering because remember if, if you have a put, that doesn't add To the short interest you have to short, the stock is owning a put a net bearish bet yeah, but it doesn't like bloat the short interest. So at least some of the stats i saw it sounds like they bought, puts on very well-known quote-unquote meme stocks and i'm a little bit confused in general. It sounds like they actually might have made some money overall and now they're just kind of shutting down. It's like a multi-billion dollar fund that i think it sounds like they're just kind of done.

It wasn't a scenario of like a melvin capital type thing where they were negative and they blew up and they have to shut down. For that, that's not to my understanding, not quite the storyline going on. Did you hear the anchorage capital news, so that is the anchorage capital news um? It sounds like they're just closing up shop, but it wasn't like a blow up scenario if they held puts, they likely also have had a short position, not necessarily that's a that would be a very aggressive move for a hedge fund, hedge funds, it's in the name. They are very good at hedging, usually uh you're, playing options to hedge, a different thing: you're, not commonly using options to also increase whatever your other bet was um, they could have been.

I'm not saying you're definitely wrong, but that's not like a common action to see with hedge funds. Hedge funds, don't just close yeah. They do if they're a family fund, sometimes um, and i'm not saying that this one was or wasn't. I'd have to look into it, but family funds they're, sometimes whoever's money it is they just might be older and they're like hey, i'm done with this life, um they're, not all necessarily like public investments, and sometimes you just have like one or two like super rich People and the hedge fund is using the one or two super rich people's money, and if those people want out they just get out there, there are many types of hedge funds like i just don't think it's safe to use to think of them all as like A monolith is, like my only point: ding ding, the casino is open.

All right. Let's see how this plays out, let me get and check ah tesla. What are you doing going the wrong way? Dude amd going the wrong way, all right, all right, all right, so tesla, currently up 200 up 15 000 amd, is currently up 140 up 3k. I need to give this a quick second to breathe, but i very much actually want to get out of tesla uh.

I just uh man. I wish it was like a quick test of a thousand. How much pain do i want to endure as i'm watching this, this money disappear, amc, looking awesome by the way um. It is at 25.82 we'd love to see a test of 27..

The gme is above 150 uh, currently at 152 would love to see, i think, a test of what was it 167.. All right. Do i just pull the rip cord on tesla right now, or is it going to give me that test of a thousand dollars? Is it gon na give us that test, the cues are red and the spy is also red, interesting, interesting, interesting, all right, amd 146. tesla wrong way? Is it gon na catch a bid? I just can't tell if this is a quick, three-minute, shakeout or, if i'm literally just being stupid and giving back all of this all right.

It's down an additional 2000. This is getting brutal. Stop stop stop where's the bid where's the bid come on cues. Let's get some green put money into tech, cues go all right.

Cues bring this around bring the party around nasdaq. Do your thing go, go, go, go, go, go, go, go, go, go, go, keep going, go back, come on, come on all right time for some legitimate manipulation, desperate times call for desperate measures. It's time to get some rockets up here. I didn't want to do it.

I didn't want to be this aggressive this early in the day, but folks i need this money. I need tesla to go back around. We are we're gon na get the rockets up. I don't like to break this out dire scenarios, but if they're gon na play dirty we're gon na play dirty come on come on come on come on.

No, i need a green rocket. This is silly we're gon na go full aggression; no, no! No! No! No! No, no, no other way. Other way we haven't had a green bar. Yet no green bars, no green bars all right, amc uh at 25.

Let's hope that it truly finds support there all right, gme 150. So we're not seeing a solid movement on that how's. The overall market, looking the overall market people, i guess taking their early morning - gains i just i'm not buying this move. Folks, i'm really not! I i don't see any reason to not be bullish right now, given everything i think, similar to the initial reaction right after the fed policy announcement at two.

There was like that quick fake out of some redness, but then people started buying. So i'm trying to be calm cool collected. I know my training plan, i know what's going on and i this this seems fake. This feels fake, remember your 20 minute rule, so usually that, like 15 20 30 minute rule is to create a position sometimes like i'm, not necessarily getting out of a position right away, especially when you're talking about options just because volatility is naturally juiced right at market.

Open, i'm very much about against creating a position out of the gate, but sometimes you know you're, like hey, i'm going to get out at market open here we go. This is what we were meant to see there we go there, we go uh joji said yeah. It's not fake, i think it's fake joe uh. I mean you can bet it against me if you want like, if you think it's fake get some puts um.

I just don't particularly believe that puxer puts are the play right now, uh, given everything that's going on. All right time to get back give me that test of a thousand hey matt. Can you say hi to my wife, my beautiful behind my beauty. I think you mean my space monkey.

Can you say hi to my beautiful wife, tanya she's, watching with me this morning. Hi tanya, what's going on space monkey, what's going on tanya, let's go for a little bit of green today, all right! We did that and did this and actually, while i'm trying to be a little bit more patient here, no tesla, no, no market. Let's see if anchorage capital anchorage capital is closing a 7.4 billion flagship hedge fund, as the letter to investors, reports, the closing of anchorage capital partners and eventual return of money to its clients kevin. What's his last name, kevin ulrich anchorage capitals, group, founder and ceo, said he would move to the role of chairman at the firm distress set is closing its flagship fund after 18 years, returning 7.4 billion in manages to client-siding market environment, in which cheap money has helped Keep stock and bond prices elevated while suppressing corporate defaults, so what they mean by cheap money is basically a reference to how easy it is to get money rates are extremely extremely low.

So it is very, very easy to get money and that's what it means. That's the term: it's cheap money, the credit fund, anchorage capital partners is suspending clients ability to get their money back as it is wound down. The new york forum told clients, in a letter wednesday, that it was viewed by the wall street journal anchorage didn't give a date on which clients would receive all their money back from the fund, which holds sizable positions in companies, including hollywood movie, studio, mgm and clothing Seller, j crew, so 30 billion of assets said it would focus on structured credit and private equity style funds, call down the management about 18 billion and 4 billion respectively. In this current market, where indiscriminate, access to capital, elevated equity market multiples default rates, near record lows and central bank policies, supportive of risk assets, we believe that the asset liability structure of acp is not best suited to take advantage of opportunities in today's market environment.

Oh, that makes sense, so it's basically what they're saying is their investment style is just not good for the markets right now, um. That's probably why they're closing up - and it sounds like they don't think it's the market structure of like what's not market structure as in the plumbing we commonly talk about, but more so related to overall monetary policy. Overall, fiscal policy is not in any way suited to this particular funds, like style, that that makes sense to me. I i don't think this is some like crazy story, like that's intertwined with the amc and gme narrative it like.

I, don't i don't think um. It's anything like uh, similar to like the melvin capital or white, like they're, not closing up, because they blew up. They did not get severely burned on some sort of like short position, um where they're like hey, we are out of money. Someone like come save us.

It's a bit of a different story: uh, you think 32. Today, amc brings much movement from the chain. Also, if we were somehow to close at 145 in jan 21, does that just go bonkers off 15 mil buy so 32. Today, uh, i mean it's totally possible.

I i have levels i need to watch before that, like i'm particularly watching 26 and 27. uh, i think 27's pretty like important um, but i mean the higher the better. What was the other part, if also, if we somehow close to, if we are somehow close to 145 in jan 21, does it just go bonkers, close to 145? I think this goes bonkers. If we see a new all-time high, i think the second it goes above 72.

That's that's. I think the bonkers level anchorage did not close as in go belly up. They just close one of their funds. That's like that's a very uh kraken.

Thank you for sharing that that's very important like that. That's just factual and then you have like little ding dongs, like carl mccord, is the anti-hip. You don't need to be hyped. You need to know the truth this this game of like oh, we just need to hype everything up and like purely look for confirmation bias.

Carl, if you believe that way, you will blow your account up. The ant like trading is not a hype thing. It's a factual thing: it's numbers it's grounded in the world of like black and white quantitative and qualitative data. It's not hype like hype.

Is it's so dumb in the market, carl and anyone who's of the same mindset of carl. If you think i am here to hype, amc and or jimmy, i very kindly ask you to unsubscribe i'm trying to do something so much more incredibly important than hype, a stock. That's silly! That's boring! It's idiotic! It's a recipe for disaster! If you think i'm gon na sit here and exclusively like scream like a ding dong over every like one minute candle movement on an individual equity, it's not gon na happen, and i think you were going to end up resenting me because i'm not doing what you Want me to do i'm going to end up resenting you, because i'm not going to agree with the way that you engage in the market. It's just not going to be a good experience for either of us, so i'm very, like legitimately asked that like.

If you think this is an amc, gme hype channel, it's not, and we should probably part ways now. Amc was short. Anchorage was short. Amc watch amc's 13f, so they had puts and they most likely made money off of those puts it wasn't a um like i i it's not they're, 13 f's at least the way i read the 13 f's.

It's not in any way indicative that they somehow got burned. Uh, like i didn't see that i mean i could double check it, but here uh was it fintel the way i read it, and maybe i'm just completely off on this one anchorage: capital anchorage capital, their positions, here's the 13 f! Let's go to amc. How do i find this particular one? Okay, for whatever number do i need to go to the historic changes of history reporting period 21 november, all right. Let's look at this form anchorage capital.

So here's what uh, okay keep up with the trays. How do i get out of this? Oh, can sorry i'm getting hit with an ad on fintel, so here's what i'm seeing. So if you come to the history of anchorage capitals, this is what people are citing. So amc uh pause on the site, always all right.

So right here in amc, put they had four million puts, and now i'm guessing they had none previous value. I don't quite know what this column means, but these puts first of all, these numbers would not it's an amc put, so it would not add to the short interest of amc. Just so everyone knows, but then on top of that um, i think it was a profitable position for them, like i think them closing it locked in money for them, because if they had to put, i mean amc from november until now it's down, so i i Don't think there's any reason to believe that they somehow got burned on those puts, and i think it's four million four mil and okay, whatever this loading is so four mil puts, i i would assume that was actually a profitable trade for them um. Maybe i'm missing something, though so, if like, if you have an additional piece of information, that's suggesting otherwise of like how they actually got burned on it, i would love if you could send it to me and then like we could all discuss it in, like the Power hour stream today, or even if you have it right now, you could um like dm it to me and we could go over.

It live excitement and hype is what got us here. No excitement and hype is what god is not no. They um well. What goddess here was a severe abuse of the equities market and people realizing that um it wasn't just people like hurara like exclaiming.

What's going on, it was people doing, especially starting with roaring kitty, doing actual research on a company and pointing out where the system went awry uh, it wasn't just like hype. It wasn't like this all started with rory kitty going. I love gamestop, i love gamestop. I love gamestop, that's not the start at all.

That would be no uh. This was saying: hang on, this company is being abusively shorted. The short interest is over 100 and it's currently undervalued. So if people start to realize that it's undervalued they're going to buy and it's going to squeeze but to think that like hype got us here, i just don't understand.

Amc and jamie put you on the map. Yeah 100, but i i've never disagreed with that. Jimmy put me on the map, and then amc put me more on the map, but to think that means that i'm going to exclusively talk about amc and jimmy for, like the remainder of my career, well, that that's obviously not gon na happen. Why you fighting the apes, matt um? I don't think i am.

I define in a maybe differently than you do if you define an ape of someone who is stuck in their echo chamber and just wants to only hear their confirmation bias and they care more about the social drama of a situation opposed to in this situation. Market structure, we have completely different ideas of an ape um. I would go to the extent of saying that i don't even necessarily think an ape has to particularly have amc or gme. I think an ape is a person who is attempting to better their own financial situation through a market while simultaneously attempting to fight to like fix some of the insanity that plays out in the equities market and i'm referring to the extreme amount of off exchange trading.

The insider trading, the insanity of 13 f reporting pattern day trading. I view an ape as just a person who's fighting for a more fair equitable market and to not have such a like a tilted playing field. If you think an ape is someone who's just like screaming about how much they like a stock and like they live in their echo chamber. It's just not interesting to me that that's that seems boring.

I think it's wrong and it's boring. Maybe maybe i'm wrong, and maybe you disagree with me, but i've been in the market for a decade. I want to be in it for multiple more decades and i've learned in my short stint, thus far in the market simply screaming about a stock without like really looking into the pros and the cons and doing the best to understand the situation. That's not a good way to engage in the market.

Speaking of amc and jimmy. How are the tulips doing shout out? Tulipsaro is a great one. Always a big fan, you know. What's not doing.

Great now is freaking tesla. What's going on with tesla, i might just lock this puppy in wow tesla tesla tesla. What are you doing? Man tesla getting rocked right now, it hasn't like gone up at all. It's doing the opposite of what it's supposed to do: the exact opposite of what it's supposed to do.

Tesla you coming back dude all right. What do we have going on here? We have some weird spam uh, someone said you don't get a hundred million without hype. So i don't think a hundred million you can just because if we historically look at amc, there have been days when it's done. One billion that's hype: there have been days where it does 500.

400. 300. That's hype, a hundred million. I mean that that could just be easily executed between like market makers and high frequency traders um these days, there's no way to really see that without extreme hype, on both the institutional and on the retail side.

But right now i think a lot of the volume we see is actually just between these institutions, like the fast algos, just very quickly playing off the increase in volatility uh. I would actually strongly argue that uh a hundred mill - that's not a problem when we get to those numbers of like 300, 400 500, a bill i mean amc, has in the past traded a billion shares in a singular day. That is some extreme hype. That happened back on the 27th and then this craziness in june.

Every day we were hitting 500 700. 700. 500. 150.

300.. There was a time there where a hundred mil would be actually extremely extremely low, and we kind of need these scenarios of like that classic build up where it goes. We we've seen this before. It's not like.

It comes out of nowhere. It's like one day. You have 50, then 75, then 100, then 200, then 500, and you also see that somewhat being represented in the price, and it's don't think of it as like. A binary thing of like hype on hype off like momentum on momentum off it slowly slowly builds and then you get scenarios where, like kind of quickly gets out of hand uh.

I came into you trey, etc for amc, but really enjoyed you polishing up and educating us apes long after amc. I'll continue to invest, wiser, shout out brent and that's a huge huge part of my overall overall goal is exactly that. All right, tesla is just being silly right now. This is ridiculous.

How is uh amd doing 145 holding on all right? Where are the buyers at is my question? First super long listener tell these clowns to beat feet. Yeah i mean i it's just not what i find interesting like a screaming about an individual stock. It's it's just not interesting when the stocks are moving and there's something going on. That's what's interesting.

The volatility is interesting to me. The market structure is interesting. The discussion of regulation, but it's if that's what you particularly want that is not in any way a special skill set in any one of you watching right now could do that any one of you could start a stream where you just watch a stock and you're. Like hey, it's up all right now, it's down now it's up now it's down um! I i just don't feel that's not how, like our community is learning.

I think one of the coolest aspects of the ape community is the hive mind like knowledge aspect of where you have millions of people all contributing in their own ways and actually, like learning things to me, that's the coolest thing is like you could have people literally, Like spread across the world and they're ones, looking into this one's looking into this, they either make this youtube video, this twitter, post, this reddit post, that's the cool thing to me is it feels like we've kind of stumbled across like an interesting way where you have This massive hive mind that's finally, uncovering things that were just really not known to the retail public, about how the market works. To me, that's the coolest thing where everyone's contributing their own little bit and the expanse of knowledge within retail is just it's just blowing the roof off, and i think that's so so cool, but what i don't think really adds to that or the community is just It's just like this straight up like streaming of confirmation bias in a way, i think that actually can distort like the truth of what we're attempting to do here. Uh. I think we should think about it a little bit more like scientists of like we have this theory.

We have this hypothesis, we should test it, we see if it does or doesn't hold water, and then we move on to the next thing, but that's done very, very well with things that are perceived to be negative against the community. There are thousands, if not tens, of thousands of people who, as soon as they see a piece of fud, they dive into it and they disprove it very very rapidly. Unfortunately, that in no way occurs when things are still wrong, but they're under the guise of somehow like confirming to some sort of bias, and i think that could be hyper dangerous when it's involving money when it's involving a high-risk play, our goal should not ever be What makes us feel good as a community, i feel like our goal, should be just like. What's the truth, and i i don't even think that that's necessarily that um, i guess like insane or dangerous to say, because i strongly believe that the truth is on our side.

I think that we've hit the nail on the head and we are unearthing various things that need to be addressed by not only our government, but also by market regulators, never before in the history of the market. Has this been the topic of discussion? The extreme amount of off exchange training - that's never gotten traction before, but because of this community it now has. It was never really popular to talk about the silliness of these 13f reports. It was never popular to talk about ftds and how it's reported so slowly and there's so much opaqueness related to it.

It was never really popular to talk about how stupid pattern day trading is uh. There was just always these various things that, like people thought it. Maybe a small group of people thought it, but now with so many different voices, it's it's amplified together as one giant magnet like one giant megaphone and it feels like if we kind of keep our head on our shoulders as a community and maybe kind of get Away from some of like the embarrassing aspects and try to focus on like factual things that we have like the data form, we have the proof, for i mean maybe it's naive, but i think like we can enact like an effect like true true positive change. For an emoji based trader, you are certainly lacking on the emojis today.

Matt give us more emojis on the chart. Great randu we'll get some more emojis there. I'm a little bit upset. I'm not gon na lie about about these emojis that my rocket emojis are just not working, not working, not working.

I thought i thought we had the. I thought we had it all figured out, but right now, i'm just watching how like much, how brutally i'm getting beaten up on this tesla play right now. This is beyond brutal. It's just like you, i keep looking at i'm like.

Oh, i can't go much lower and every time i look at tesla it somehow goes a little bit lower. I'm people are saying, try a magnet, maybe that's the key. Maybe that's the key right here all right. Let's get this all straightened up proper way.

Good angle, nice, solid 45 degree angle a little bit more extreme than that. It's just is the market. Where are we at with the spy yeah the spy kind of coming down, but still hanging on to 471, the queue's coming down and well? The russell actually had a nice pop, so the russell performing on a relative basis better than both the qs and the spy interesting tesla 959. Hang on wait.

Is it 10? Okay, it is 10.. So now i'm curious about what's going on in the options market like it, something funky is going on. Where are the big plays of the day, um? So a well? This is weird so for december 17th, tomorrow, someone bet 294, 000 on a 970 call, but then seconds after a minute. After a couple minutes after someone bought brought like bet the roughly the same amount on a 9 35 put, we have an nvidia call coming in a tesla call coming in also a tesla put an nvidia put another nvidia put.

It feels like all these trades are being executed and then they're just being quickly like unwound by someone else. Interesting perish hang on. Let's see what kind of things are coming across on apple and the spy and the qs and iwm all right. So what just hit the ticker was a large two about uh in total in aggregate about 350 000 was just bet on apple 180s for february 18th, so that one's kind of farther out, but right before that for december 23rd.

So this not this week, but next week uh we had about half of half a mil being bet on apple 177.5, actually whoa, whoa, whoa, whoa apple 177 apple. So there is an extreme amount of money between particularly next friday, but also a little bit this friday and then also a little bit next calendar year on apple 177.5 and 180, but the one even for tomorrow, wow and apple 180, just came in like another one. For february 18th, another quarter mill holy another one. Just came in another 180 on apple that one's for 800 000..

Someone is loading up, like literally it's happening in real time. They are loading up on apple feb ones. Another one just came in for this friday. 541.

000 for apple 177.5, for like tomorrow, someone threw down 541 000.. We have another apple, a 200 one just came in for march 18th. Wow there is some serious. What we're seeing at least in the tech sector is being it's.

It's not making sense with the price. Someone is loading up on some of these tech bets right now, i'm so curious. I just want to know who it is. I just want another reasoning: apple, apple, apple, apple, apple, apple, apple, apple, goodness, with some of the biggest bets.

We just had a seven hundred and eighteen thousand dollar bet, so three quarters of a mill on apple, two, hundreds for march 18th, jeez geez, geez, jeez, geez, louise amd getting rocked right. Now it's just someone you know, i would at first look all at all this and be like okay, maybe like they're trying to avoid today and that's why they're getting december 23rds, which is about a week away kind of loading up on that, like the pre-christmas one. But then there's still some coming in for tomorrow. That's a lot of money being bet.

I mean they're, throwing down six figure bets on apple's performance between today and tomorrow and just because they're big money. Does that mean that they have to get it right? No, absolutely! Not, but to me, it's not adding up with the current move that we're seeing in the market like look how just perfectly tesla was walked down. Look how perfectly apple was walked down. You sell your amd calls yet or holding um i'm holding, because it's just not adding up to me the the movement that we're seeing it doesn't make sense.

So i i think this is like a weird shakeout and i think we might be having a very interesting midday in closing day, but this whole first move this, like 30 minute move not adding up to me. Maybe it's not adding up to these people who have far more money for all. We know it could just be a rich person who's like hey. I don't think it's right either.

Maybe they know nothing and maybe they're, just rich and throwing money down.