what's going on moon gang i hope that you're having a fantastic day this is your market wrap up for today tuesday april 12th and we have some pretty cool things to get into yes it is inflation day we got the cpi report so we'll be talking about that just a little bit but more than that i have updates on three individual equities that are definitely getting a little bit of social media attention and definitely turning some heads so with all that being said let's hop right into it all in all today was not the best day we've ever seen in the stock market the s p 500 ended up dropping 0.37 percent with the only sector really being spared was the energy sector had a noteworthy amount of being green but other than that as you can see quite a bit of red and a lot of that had to do with the cpi report the consumer price index basically an inflationary gauge consumer prices rose 8.5 in march slightly hotter than expected and the high since 1981 you heard that right we're at a four decade high if you want to know more details about this i did make a standalone video so feel free to check that out but what you need to know is exactly that we were expecting an 8.4 percent rating which is already sky high it came even hotter as in the inflation was higher than expected and now we're at a four decade high and unfortunately wages are not keeping pace so what does this mean for the market the federal reserve monetary policy well inflation sky high this is going to put a lot of pressure on the federal reserve also those exact same people who said hey it's transitory don't worry about it we have it under control obviously we don't so they're gonna have more pressure to be more hawkish as in raise interest rates to battle inflation this will have the side effect of not being such a good situation for the old stonk market we'll find out more in early may particularly on wednesday may 4th we're going to get the fed's results of the interest rate right now the futures market is pricing in a 0.5 increase which was bring us in total to 0.75 but once again if you want more information on this check out that video so that's what happened in the overall market but i do want to talk about some other interesting plays so today a lot of people at least in the morning we're talking about tilray and for good reason the new jersey commission approves first recreational marinara retail licenses the new jersey's cannabis regulatory commission approved seven medical marinara facilities to begin selling cannabis on the recreational market so this is good for the whole sector as we're getting more of the oh let's call it regulatory tape off of the world of the devil's lettuce but particularly for tilray there was another update tilray hexo seven things to know as canadian cannabis kings join forces till ray ticker symbol tlry has agreed to acquire all of hexos basically their debt coming in at 193 mil this gives till ray the ability to acquire a substantial take in hexo and if you want more of this it's on investor place until ray knows that it expects this commercial and financial partnership to strengthen it and hexos respective operations so just so you know a little bit more about hexo they're involved in the world of packaging and distribution of cannabis based products so obviously this is actually a really good partnership for the two companies and on the day you know sometimes you get this crazy stuff it's a good announcement and as you can see here till ray ended up dropping 2.2 on to the next one as you can see in the bottom right still ripping in after hours i'm talking about a tyrion ticker symbol a ater it went up almost 24 today and as i'm filming this live up an additional 5.6 in post market trading now from what i can tell not really too much and crazy news but it is something that a lot of people at least in the retail trading sector have been paying attention to because the short interest is high 41 percent cost to borrow sky high at 294 percent i mean geez louise the cost to borrow max was 329 utilization absolutely macked out at 100 and shares on loan kind of it's not a low float but it's on the lower end 17.4 so for obvious reasons people are watching it and just so you know i also have this up the average age of these shares on loan they've been in for 31 days which tells me that they've been hemorrhaging money just to pay this loan fee but why this is a little bit more noteworthy the ceo janam sarwig remember this is the same company that back in november he pointed out that they have evidence of illegal illicit naked shorting against their company and hey it looks like potentially those shorts are getting taken to the wood chipper as we speak and last but not least to wrap this up we have a very very exciting announcement for amc but before we get into that i just want to give quickly give you the metrics short interest 20 percent cost to borrow still very low at 2.2 utilization maxed out in the shares on loan in the realm of 136 milli but here is the breaking news for amc this just came out obviously today tuesday april 12th amc theaters continues its theater acquisition strategy acquires seven locations and 66 screens in connecticut upstate new york and annapolis maryland you could see a little bit about the deal right here um so there was seven theaters and adam aaron chairman and ceo of amc commented today's announcement is exciting for amc our shareholders and many moviegoers in the northeast united states our theater acquisition strategy makes amc a better and stronger company as we move forward on our glide path to recovery acquiring these locations which they were bow tie locations that was the name of the previous theater chain but now they have seven of them four of them will actually be the official transfer will be happening by the end of april so they're going to be running that acquiring these locations is especially notable for our expansion in connecticut where we are more than doubling our presence we are encouraged to bring the magic of amc to more and more theaters across the country given our mid-2021 acquisition of amc the grow 14 and amc americana at brand 18 both in los angeles market continue to rank among the 30 highest grossing movie theaters in the entire us since joining up with amc very very exciting stuff so within the northeast of the us amc continuing to expand and remember before this even happened like before they went on their acquisition spree they were already had the largest market share of an individual movie theater chain and now they're just putting the distance between one and two it's getting wider and wider and wider stuff like this to me is kind of interesting because obviously a core thesis for shorting it is just the weakness of amc as an individual movie theater chain and also the weakness of the movie going experience as a business model so when i see this it's weakening that thesis they're expanding they're buying more they're making active plays which i think is pretty cool uh makes me obviously more and more happy to be an amc investor let's see where this can go but that's your breaking news for amc they are getting bigger and bigger and bigger and just to wrap it up with amc uh atr obviously went up till ray not holding we know the spy went down and just to wrap it up with amc i i don't think this is surprising to many of you but even with news being announced it is uh unfortunately currently down seven percent and if you wanted just some short-term technicals on amc i'm very much watching as you could see the break of 18 and i know we have some core support around 1670 but that's more of a short time frame thing for anyone who's interested that's what i have for you today if you enjoy it and want to help me out the algorithm it would be awesome if you could drop a like and don't forget to join up with the moon gang by hitting the subscribe button i'll catch you in the next video have a great day you.