Thank you Foreign thank you Oh brother oh brother oh brother hello hello. Welcome back to another episode of the Matt Core Show where I'm Matt Corrs you're the show and together we are in fact, the Matt Core show. We're here to talk about everything. What's going on in the world of the economy, the stock market politics? hot drama Twitter Reacts YouTube Reacts Rumble Reacts reacting to reacts of reacts.

Life is just crazy, so that's what we're doing I Hope you're having a great morning as we're waiting for everyone to kind of come in today. Um, I Get it. It's early in the morning. This is an early morning show, so maybe you're still pouring yourself a cup of joe, taking your kids to school? Maybe you're going to work yourself.

Maybe you just got to work and your manager is already yelling at you about the work that you promised you would have done weeks ago. And yet there you are still not doing that one little task. I Get it. I Get it.

I Get it. While we're thinking about all that, I'd like to put a pin in it and say hey, take a breather, take a breather and maybe just smash the like button Smash It Smash It Smash It Smash It Smash it. Kill it, Murder it. Do whatever you need to.

but hit the like button And don't forget to subscribe on both Rumble and YouTubes as you guys may have remembered. Quick little update from yesterday. We noticed that there's a lot more YouTube ads running and then I covered a story on YouTube and apparently what's in beta right now and will be officially official in November I Want to say is we're not really going to have control of our ads anymore. Uh, like usually I get to pick where they're gonna go and I don't want them to be like intrusive I don't want there to be too many and YouTube's like I have this great idea.

what if we don't give their creators any control over ads and we do it when we want to? If you see an ad today, first of all, I appreciate you. What is there a way? Hang on? Nope. I Accidentally hit this button yesterday. Edit: Let me see what I could change in monetization automatically? What if we do this? Yeah, like they have an automatic thing and then I'm I have it on conservative so it should be running the least amount of ads? Um, interesting, interesting, interesting, interesting.

I Guess my question to you is as a community and this is true for both Rumble and YouTube Uh, before we really get into it, would you prefer me to not run those programmatic ads and then just do host red ads in reality I need some sort of Revenue Source because that's what keeps the lights on. That's what allows me to buy Meow Mix for Piper that's what allows me to I don't know buy Doritos and Texas Roadhouse and sangria So at a certain point I need some form of AD Revenue I mean I have people to pay taxes to pay I mean how else do you think I make up for all these trading losses? So would you prefer like a balance of programmatic ads and host red ads? Or do you just like to host? Fred So like almost like killing programmatic ads and just doing host red ads. or does it literally just not matter to you? Are you just like dude? I I Literally do not care. Um, what's five seconds? Keep them coming.

It's not me. Sometimes it's five seconds. Sometimes it's banners, sometimes it's unskippable ones. Uh, it.

That's part of the issues. I Don't have a say over it anymore. Uh, host red ads are preferred. Money goes right to you.

No awkward interruptions at bad times. That's kind of the vibe. I Host read: make them funny, make them funny. Well we have a host right at today so I'll do my I Don't have a bit prepared but I will come up with a bit like I'll improv a bit if you guys want.

Should we do that now should we do a little bit of a we can't block host Road ads. That's fair. that is a very uh I ignore stream anyway I don't care. Wait tracks.

you ignore stream the whole time you're like I just I have your stream on but I just don't watch it because like Fu Matt I get that. I Get it. I get it. Cheez-It Ads I've reached out to Jesus they don't want to work with me I don't think I'm exactly the kind of person they're looking for.

Uh, we'll figure it out. Whatever ads do with full energy, full energy. All right. Well, you guys are saying you wanna a full energy comedic ad right now? What? We might as well hop into it.

All right. let's see if let's see if I can whip one together. Actually, maybe I should start with this one on big screen just to like give it a little bit more of a better cut in for everyone. Are you a loser? Is everything in your life going awry? Can you just not seem to get up on your feet and do what you need to do? Do you look at yourself in a mirror and know you have the potential in excuse me Day over day? you end up never achieving it? A waste.

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I I Can in no way promise you that all the other things in your life that want to make you rip your hair out are ever going to be improved. But in the world of trading I think Street feeds kind of where it's at and it's mainly because of this little thingy right here. AI Trading co-pilots Basically they have a a room I I Don't know if it's actually a room but I picture it as a room of like nerdy mathematical people who come up with these trading strategies and then they say hey, we'll serve those to the public and you can choose to use them if you want. You can make your own, you could use they have many so like you can copy.

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Cool, no harm, no foul. but I I think you're gonna like it I'm personally in it maybe a little later today. we'll make a strategy together and we'll see what it produces. But anyway, this is trippy pin to the Top Channel in the description of the video.

Make sure you sign up to download it to your Apple download it to your Android is free to download download download download. Um there. Maybe it'll fix your life. Maybe it won't fix your life I Don't know what is life anyway.

not to get too meta metaphysical on you guys, but like what? What is life? You know, what's life all about is life about Gap fills well. If you really think about it biologically, it, it is it. both within the market and when within life, you could argue that the purpose of life is Gap fills. Um, which Speaking of that we have an upside: Gap Phil 443.81 We're currently trading at 443 13.

So about 70 cents of upside. Now the interesting thing, about 70 cents of Upside. let's talk about this: Hey, which one of you people in chat have read the book by John Carter because if you've read the book by John Carter from simpler Trader You're Gonna Know that on Thursdays there's a very, very high percentage of Gap fills that actually get filled. Does anyone know that number? Obviously, in a general sense, the odds of a gap fill are very high.

but on Thursdays they're particularly High and also on Thursdays We know if you watch my other video, buying it open and selling it close very much favors the Bulls on Thursday buying at Market open selling at Market close Thursday happens to be the most bullish day 45 No 74, No 69 No In fact, it's actually 82 percent. So here we are. So here we are in a situation where we know Thursday over the past 20 years and also this year as favorables for Market open to Market close. We also have an upside Gap fill of about 60 70 cents which we know fills about 82 percent of the time.

So I think it's I'm feeling good about this trade now. Is it a guaranteed? Absolutely not. I wouldn't just arbitrarily hop into it I mark it open I wouldn't just be like we're doing this today. No.

I would wait for the opportunity to present itself where I'm still going in with minimal risk. But this upside Gap film. it does look Prime for the taking. So I just wanted to put that on your radar I did put it in locals in case you only read locals and don't listen to me which would be a little odd but hey, not my pig, not my farm S P 500 futures dip as Wall Street shifts Focus back to path of interest rates.

That and also the fact that apple is getting hammered. Apple is continuing down and down and down. It lost 3.6 yesterday, lost another 3.7 this morning and it's all because of developments coming out of China China China China China So we'll be covering that, but before we get into it I Wanted to start today with a piece of good news that I think will put a smile on everyone's face. Kamala Harris says she may have to take over and is ready to do so.

You know if there was someone on this planet, man, woman, anything in between who just clearly had the capability to be the leader of the Free World Just like Ooze confidence was articulate, had broad support. it would be Ms Harris without a doubt. So I think I think we could all know that we are in good hands knowing that Ms Kamala Harris is ready to take over if if need be. So just wanted to start off today on a little bit of a positive.

I Want to set the bar high so you guys are feeling feeling good about it feeling good Rona hospitalization Spike with new variant as school returns U.S Reddy's vaccines. Has anyone else been noticing that media is starting to push us like to this new possible way of look? We might need to shut down again. We might need to get more shots again. Um I Feel like I don't know I'm seeing some clips of I think it's the view and they're basically on like their 87th booster shot and I just think, well, that can't be like I'm no scientist I'm no virologist, but doesn't something seem to be mismatched here? Like maybe? perhaps? Is this a big push from the multi-billion dollar Pharma industry rather than like what's actually good for us? like is fives are like dude, we need another one advisors like we're short a couple Billy So uh, why don't we just run it back up? Um, are you going through menopause? Because I watched the view? of course I'm always going to Menopause I Live in Menopause I To all the women in here who are also going through menopause with me.

Hey, we don't need you to take this internet bullying, it's It's a natural aspect of human nature. If you think you're gonna come in here and try to call myself and my fellow middle-aged women out for battling menopause. Hey buddy, it's a part of life. Get that? Get that through your little your little skull there? It's a it's a part of Life.

new ad for Menopause. um I Just wanted to bring this up because if it does become crazy, obviously we know that Rona related stuff caused the market to go absolutely. Haywire the last time around. so just in case this gets bad I wanted to put it on your radar.

Um, but I I Don't think Society is any more I think the thing the way things played out previously I think Society was primed to kind of follow what the government was doing because of fear. but this time around, I don't see the U.S society going back into a shutdown I think they'll actually just be like a legitimate Revolt like I think not even really Revolt I Think people are just gonna be like no, I'm not doing that I don't think restaurants are going to be shutting down I don't think just any really bit I think businesses are at this point. Nope, not doing that again. No way.

No how I think they would rather take on the risk of getting covered than I Guess upending our lives the way it all kind of went down in 2020 2021. so I just don't really seeing in a thing. Maybe I'm wrong. This is a conjecture, but I I Just think the average person is kind of done with it.

New hospitalizations have jumped about 16 in the US over the past week. Uh, continuing an upward Trend that began in Late July The late summer Rona Spike comes after a quiet year in which hospitalizations and deaths had declined week after week. Since January the US is rolling out updated booster shots from Pfizer Moderna Novavax later this month for a fall vaccination campaign. I'm not getting a booster? Yeah I Just think I'm in a good age group.

A healthy age group I View myself to be a healthy person I Just don't think I need it? Um, at all. in reality, when the survival rate for my age group my demographic is extraordinarily high and maybe this is a media thing that's like contorting my image of it, my understanding of it. and maybe I need to personally do a bit more research. But if anything, I'm reading a lot of stories of how athletes are having hard issues I mean LeBron James son just had something weird.

there's a lot of soccer players or someone had a stat with all the heart related issues in like the Premier League or something. Um, and once again, maybe I'm falling to a different form of fear-mongering from the media hopping onto every story of like heart related issues. Maybe maybe I need like I Probably should look into the exact facts and figures and percentage increase and decrease I Totally should do that I Get it? Um, but in terms of risk reward to my current understanding I think I'm just going on with my life, you know I Need someone in here to better explain to me what's going on with Twitter and the whole Elon Musk fighting ADL thing. So the Anti-Defamation League I guess is suing Twitter and then Twitter's counter suing it's all I don't know.

it's somewhat new over the past day or two and I'm trying to stay up on the story just because I Kind of find it a little bit fascinating. but um, ADL suing Twitter Twitter countersuing. they must not have their own decisions. I mean let's be clear here like this is the wealthiest man in the world running one of the most powerful media platforms on the planet.

We're a non-profit here in New York So I think figuring out like who has the power in this world is obviously the CEO fundamentally believe that Elon Musk is anti-Semitic I Have never said Elon Musk is anti-Semitic I've been on this show and said that I didn't think it was anti-semitic and I don't think Twitter as a platform is anti-Semitic And as we've said here, hate speech is the price of free speech. But let's acknowledge that when Elon Musk and the platform bring people hardened anti-semites back on, when they validate their rantings, when they algorithmically amplify them and allow it to spread. however, are you? well? you can't Right there. you have to have pretty hard core proof that you're intentionally amplifying the words like anti-semitic words.

Um, hate speech. It's not good. but I Also, don't think it should be illegal I mean in the U.S A core tenant of our country is freedom of speech. You should be able to speak your mind.

Maybe people aren't going to agree with you, maybe you're saying dumb stuff and maybe you're gonna personally have repercussions for it. But in America we are afforded the right to say whatever we want. Now obviously you can't like call for violent crime the whole thing if you can't like scream fire in a crowded room I totally get that. I'm not saying that, but like if you just have shitty opinions, that's what they are.

they're just shitty opinions. and I think the Marketplace of ideas is really gonna figure that one out. but this and I'm no lawyer surprise surprise I Know you guys come in here looking at me and you're like dude, that's a lawyer um no. I'm actually not as a lawyer though.

what he just said. the whole concept of it's algorithmically promoted as in Twitter or I should call it X is going out of their way to promote anti-semitic remarks. I mean obviously that's no one should be saying anything anti-semitic racist. like all that, they're garbage people who are saying it.

But that point aside, like the ADL needs to like, the burden of proof is on them to show that they're promoting anti-semitic stuff. and if they are, that's messed up. I'm in no way supporting that. but like once again, the burdens on them behind the scenes talking to advertisers and telling them do not advertise online.

Are you doing that? We are not out there publicly or privately talking to advertisers. Frankly, it's true. We did call for a pause back in November after the acquisition and then since then since that initial statement what we are doing is engaging with the man management of the company trying to help them make it better a question because I know this has been a critique of of of your organization and is and of many were you seeking to have some kind of either role at Twitter or any kind of uh, donations made I Only say that because there have been folks who've looked at these situations and felt that they were being you know, shaken down. look I think let let me be honest about that right? I think it is sort of anti-Semitic Trope to suggest when Jewish people Express a degree of outrage over anti-Semitism that somehow that's a Shakedown because Jews are greedy that sounds to me and I and I'm not saying you believe I'm trying to I'm just saying that that is the occasionally you hear the critique among uh not for prom you can tell Joe just wants to pop off here.

He's like just don't say anything, don't say anything, don't say anything if it's in certain cases that are involved in certain causes that talk to companies and they you hear it from from the leaders who say I feel like I hear that So what we've tried to do over the years with Twitter with YouTube with Facebook and all of its platforms with Reddit with Discord I could go on and on is to work with them to make those things. So on that note, there was an interesting response: if I can find it I Believe it's right here. Injurosurkin asks Jonathan Greenblatt if he was seeking to have a Rolex or shaking Elon Musk down for donations through the ADL like he did to Adidas and the Brooklyn Nets and he responds by saying uh, that's an anti-semitic Trope because the answer is yes regarding seeking a donation. Hence, Jg's refusal to answer the question JG instead went on the attack, implying that Sorkin despite being Jewish is somehow an anti-semite just for asking a basic conflict of interest question.

So I am actually coming to you guys I'm not at all familiar with what did or didn't happen with Adidas and the Brooklyn Nets and this guy JG and the ADL This is news to me. Uh, so is this guy just like not a good guy I Guess I'm coming to you for a little bit of clarification. like did he legitimately just shake down Adidas and the Brooklyn Nets Is that real or is this more of like I guess not so accurate. Um, so if anyone this reminds me of the debt trial he was a big donor.

no he isn't had it come in the is just like Al Sharpton Well, if anyone knows a little bit more about this, hey, please feel free, feel free to share it with the class. China Bans: iPhone for use for government officials at work China seeks to broaden iPhone ban to State firms and agencies this coming. As we expect, the I'm breaking this up because Aidan which is the biggest company in the market is getting destroyed. obviously dragging things down.

Yeah, this situation is quite interesting because about a year and a half ago this places having us-made devices within the Chinese government workplace right? that ban uh was announced, it was something that they wanted to phase out with. It's all getting so here. incredibly a year and a half ago, right? So to me, it's not necessarily a surprise that they're implementing this ban on iPhones And there's also other foreign devices uh Band 2 Obviously Samsung those are made in Korea the Chinese government probably wants to use. you know, their homemade devices.

Xiaomi Huawei Oppo right? Um, Asus You, you name it. So I Think that is where uh, the confusion for me comes in in terms of the surprise of this ban. Uh, but obviously it's a it's a strong headline and it's something that given how strong uh, the Chinese economy has been for Apple sales right ahead of new iPhones it makes sense to me. Why invest I don't know how you people listen to videos on normal speed? Yeah! Mark Do we have any idea what kind of numbers this might entail I mean how many China How is your knee-jerk reaction? not just to speed this up to double speed? I think it's a significant or material amount I Don't think the investor concern over this development is so much lost sales to Chinese government customers.

Uh I think it's people concern is they're going to be a domino. But first, it's the time. Is there something that's going to happen next? In terms of the Chinese consumer being able to buy the Apple devices, Are there going to be limits? There is the Chinese government going to begin clamping down on Apple's ability to sell, offer services, offer retail stores offer Apple Care and support, right? So there clearly is a potential domino effect that I think investors are more afraid of rather than just lost sales to Chinese government workers? All right, that's enough of it. You get the point China.

Particularly now in like, a little bit of a pissing match with Apple. uh Apple going down on the news Apple being the biggest stock within the spine. the queues also. uh, kind of dragging things down.

Speaking of big companies that haven't been doing so hot, Disney's 218 billion dollar rut not enough for dip buyers. Not even the cheapest valuation since the Rona period is tempting investors to buy Disney ticker symbol dis losses in its online video business and a drop in subscribers and it's Disney plus streaming service are just some of the issues it's facing. Then there's the impact of the actor and writer strike. And if you dispute with the second largest U.S cable company which has seen Disney Yankees channels including ESPN from the service cutting access for millions of viewers I don't want to own it in the near term and I don't want to own it in the long term and I want to own excuse me this is from Nancy Tengler.

She counts the fee standoff with Charter Communications among the main concerns. while calling the forward dividend reinstatement. Her firm sold most of the Disney Holdings in 2021. So we're literally at The Rona low right now on.

Disney I'm bringing this up because I do think it's an interesting risk to reward opportunity. You're not taking on much risk if you get into Disney at 80.79 maybe a dollar below two dollars below where we are right now. Well, you could put your stop a couple dollars below that and that's your risk. Close risk.

But if this ends up happening to being a triple bottom I Mean we saw this low in 2014. We saw this low in The Rona low of 2020 and we're coming up to it again. It's it. Seems like a very interesting risk reward opportunity to me where you don't have to take on much risk.

Uh, will it work out I Have absolutely no clue. but I know the game of trading is low risk High reward and you try to do it with the highest accuracy you could POS possibly find. And the reason I'm bringing this up is because it might end up well for Disney if Bob Iger can actually spin off ESPN because that's one of the most interesting assets that Disney does own. The world's largest entertainment company is in the throes of a major upheaval.

having launched an extensive cuss cutting drive after the return of the CEO Bob Iger in November that included 7 000 job cuts and other reductions in spending Disney stock has lost about 218 billion. That's rough in market value since peaking at 367 billion. So like literally two-thirds of its value is priced at a below average 17 times profit projected over the next 12 months. That's down from its peak of 77 times in 2020.

So this is the classic PE ratio. That's definitely a cheap valuation. When Rock Bottom interest rates and exuberance over streaming business sent the stock scoring. The impact of the Hollywood strikes on media companies content pipelines are being a bigger problem and longer they go on.

Warner Bros trimmed its full year adjusted ebitda reflecting the assumption that the strikes will have a negative impact of as much as 500 million. Half a billion Netflix with the largest library of content likely has the largest cushion of the industry. and you can see the exactly when the strike was announced. Well, Netflix kept going up and Disney kept going down.

and that's exactly when they kind of parted ways from each other. I would traditionally be one of the people that would be buying here. However, the strike is making him increasingly nervous about the entertainment. Investments and this is from Ross Gerber you've probably seen him a little bit with really, even me Kevin I Think they have a podcast together.

so right now Disney's getting absolutely hammered. but maybe dip buying will come back into fashion. so I just wanted to throw that out. Put it on your radar I don't have much time, so let's skip ahead to this.

In terms of economic announcements today: crude oil inventory is coming out at 11 A.M Initial jobless climbs coming in a little less than expected in terms of seasonality for today Thursday September 7th is pretty much neutral neutral with maybe a little bit of bullishness. So when I see this neutral with a little bit of bullishness The Upside Gap fill and also knowing the odds of Gap those specifically on a Thursday I'm very much looking at that play. Five things to know before that: Bell goes dingity ding ding ding today. Slow.

September Remember the first two thirds favors the Bulls The final one third favorite is the Bears Airline warning I Mean right now, the whole diarrhea situation was just like the perfect I Guess like headline to the craziness in the airline industry of just logistic issues, pricing issues like it. just um, what is it I Guess like computer system outages. airlines are just having a rough run right now. Roku Layoffs the market really liking it Rona Spike We covered that and streaming season.

Hey happy football. Happy start a football day. Happy start a football day. Um so on that note, dignity ding ding ding The casino is open best of lato play responsibly if not have fun.

but yeah, it's football season. My question for you for all my football fans and Fanatics in here, who's your team? I Want to know who in here is a big football guy and I want to know the major team that's being supported in here I Myself grew up in the middle of nowhere Pennsylvania which means I was equidistant from the Jets the Giants the Eagles and then also within my state I have the Steelers My high school football team sucked at football so there was really no strong even the Bills were really close. Now that I think about it. So my point is, is my local area.

my locality didn't support one team and then we weren't really a football area because the high school team really really sucked. So when you consider all of that, it's tough. I Didn't really start following football religiously until I went to Penn State Um, and I got to enjoy all the years of Saquon Barkley which was awesome. So also watch the Giants games where every once in a while to support Saquon.

But for me folks, I I'm marrying in I'm marrying into an Eagles family. so I think I have to be an Eagle supporter my fiance she grew up in Philly her family's big eagle supporters. So I think I have to ride with Jalen hurts this year as I did last year. So basically I I'm supporting Penn State and the Eagles through and through and I think you just need to commit to a team and then just have it for the rest of your life.

But with that being said, I'm also going to be supporting specifically Joe Burrow this year because he's the quarterback on both of my fantasy teams. so that's what it's going to be I enjoy watching the Giants for Saquon Barkley I'm gonna be watching Joe burrow for Joe burrow and then I just I need the Eagles to win across across the world across the world you and Kramer Eagles fans. Hmm yeah, it doesn't make me feel good, but I mean you have to admit the Philadelphia fan base. It's one of the most interesting fan bases out there.

One of the most interesting. Get them. Aggies I If there was another college team I would support it would be Texas A M just because I almost got my masters in statistics from them I was a little bit over what half or three quarters of the way and then the program got paused because of the Ronin period and then my content career took off. So I just never returned.

so I'll support them second. but I've like mainly Penn State mainly Penn State dude go Blue Michigan Michigan sucks dude Michigan I when we play Ohio State I always very much feel like hey, it's gonna be a good game in recent history Ohio State's a better team so almost every single time they win not every time, but it seems like they win most of them. but it's still a good game because I feel like Ohio state is the Penn State of Ohio You have a lot of blue collar workers like whatever Michigan Michigan is like I get the vibe from Michigan then it's like a lot of Ivy League wannabes. You know it's like a lot of people who like they wish they got into a better school and Michigan's a very good school like I mean in engineering it like really really outpaces Penn State but I mean Michigan is a bunch of people who are acting like they went to Harvard and didn't go to Harvard and it blows my mind.

like if you talk to someone from University of Michigan they're they act as if they invented MIT they they look down on Harvard they look down on MIT they look down and they're like Stanford like that's the vibe I give from them and it it's just it's a bunch of people who act like they went to high Ivy league and they just didn't like. that's that's the vibe I get from Michigan Uh, wholeheartedly agreed. Justin Gold star for you today. You know what? Anyone who agrees with me today, you're getting a gold star.

Well maybe the first 10 people who agree with me. So Justin you get the first of 10 Stars What that will be given out today. nine more, nine more possible Justin's like boom, you're like I made it man I Got my gold star. Oh man, hey folks, if you haven't if you haven't already, if you haven't already, sign up for Street Be pinned to the top of chat in the description of the video and you don't have to pay anything.

You could try it out for one month to see if it's appropriate for you so you don't have to spend anything and it's also not just in the US. So for any of my International viewers, sign up. Sign up. Sign up.

Use the code Matt download it to your iPhone on the very first page, your iPhone your Android the very first page. When you're signing up, it'll ask you for this little code, Put that code in and you're not gonna have to pay anything. Try it out for a month see if it's for you. I Really think you're going to enjoy it? They have pre-built trading strategies.

You could build your own trading strategies and then also you can buy and sell stock the way you normally would. They don't accept payment for order flow. Kickback I Don't see any other product on the market available to retail that has this integration with AI Chat EBT to help you with your trading. so definitely worthwhile to check out.

I have it I put my own money into it and thus far I'm having a very good experience with it and a lot of you who are using it as well, uh, seem to have a pretty positive experience. So if you're on the fence or if you've never heard of it for check it out, sign up Street Beat pinned to the top of Chat in the description of the video and obviously shout out to Street Pete for sponsoring today's stream and look at that, a gap fill. It only took six minutes. Five minutes.

Not even five minutes for a gap film. Look at that. 82 percent of the time. It works a hundred percent of the time.

notice how everything's rallying, and then AMC's down another nine percent after getting brutalized yesterday. Can I share? Can I share a story with you? Really quick? A quickie. A quickie. Can we have a quickie with each other? Uh, a little quickie? Um.

I Was in a space call yesterday and I had to go into my burner account because the person in the space caller hosting or whatever blocked me which is lame. So anyway, there I was Incognito Listening to the space call and the craziest thing to me, the craziest thing to me was the sentiment of AMC was that the shorts are stuck now I Know that we all have different backgrounds. Maybe we're from different nations, maybe we're from just different households and we use different languages. But when a stock Falls from all the way up here to all the way down here, if that's how you're defining being stuck I was like dude, these shorts are so stuck, they they're they're stuck and then there's like stepmom stuck in a washer stuck And that's how the shorts are right now.

That's basically how this call went like I just I Don't they call them stuck stuck like? that's like you might call the Nvidia long stuck. You know, like dude, these Nvidia Longs they're so stuck. they just they they're they're barely hanging on, they don't know what's going on, throw up so much money that they're basically their pants and they don't know how to handle the situation. That's the same thing.

If you're gonna call AMC shorts stuck, call in video long stuck like they just they don't know what to do. It's gone from. it's gone from a hundred all the way up to 500. So they're super.

They're stuck. dude. if this is stuck, if this is how they're like defining stuck and what's going on I Want to be stuck. Sign me up for this stuff list.

put me on the top of the list. Give me Premier access Give me an opportunity to cut people on the line I want to be stuck I want to be in trades where I get stuck because I'm up so much money I don't get it these people they're crazy. they're crazy. uh was that the one I told you to join it was Bilbo Baggins uh I joined it and similar to you I couldn't listen for long because I I was like losing my mind like I this is dude honest story there I was so I've been feel like this is like this might be abnormal but I feel like I'm feeling sharing a lot of stories about myself and usually we're here exclusively talking about the market but obviously you guys know I wait the first 10 20 30 minutes to trade anyway so this is Story Time with Matt it is what it is.

So there it was yesterday I've been. Look at me well look at this. Zoom in. You guys see this.

Do you see what's going on? Uh you guys can't even look at this. Look at these arms these days. I Guess you guys see this I can't take this shirt off because that's all on My only fans. But my point is is I've been on a new gym routine.

This is why I'm bringing up my absolute Mass because I'm becoming a meat Titan So what I've been doing is you guys were making fun of me because of my allergies which I get very emotional about I Love my cat I love Piper and the fact that you guys attack me for having allergies. It's not my fault that my body overreacts to allergens in the air. Okay, I'm not perfect. Uh, you know, is that what you want is you guys.

You guys think every top tier streamer in the world you think every best Trader on this side of the Mississippi is just perfect through and through. I'm not I'm human like you I have allergies. My body for whatever reason overreacts to dried cat saliva. Sue me.

So anyway, you guys were making fun of me and I figured I can outsmart my entire chat. So what I do now is obviously I realize that I wasn't taking my allergy pill early enough to not sound horribly nasally I always sound nasally. That's an aspect of my life I've accepted it I Got made fun of a lot of the time. but whatever, it's a part of my life.

If you listen to me, you're listening to a nasally guy. It is what it is. But anyway I noticed that was particularly bad and I just don't think there was enough time for like my antihistamine to hit my system. So here's what I do now: I get up at 5 30 in the morning and crush the stair stepper right away I'm not doing this because like oh, look at me I'm David Goggins Who's gonna carry the boats? Who's gonna carry the ships, Carry the logs.

They don't know me. No, I'm not doing it for them I don't have some sort of grind set where I'm gonna get up like no one's awake and I've already lifted two times today. That's not me I hate getting up every single time I Get up I think this sucks every time my alarm goes off I'm like I absolutely hate this and most of the time I do it for a week or two and then I think that sucks I don't want to be that guy. No one likes a person that's like that into fitness.

everyone's like dude. All right, we get it like you have your life together. like no need to like brag about it. But what I do as I get up exclusively for the reason of taking the antihistamine early.

So what I do is I basically like deep throat a Zyrtec and then I go on the stair stepper to get my blood going to get it through my system faster. So in reality I could argue that having allergies actually is making me healthier. Making me healthier and you might be thinking where are you going with this story Well I'm not a crazy person. I'm not going to get up early enough to actually do my cardio and my lifting in the morning.

So I don't I just do my cardio and then after the market closes I go do my lifting yesterday. I did it I went up, got up early, did my cardio, deep throated some Zyrtec then ended up streaming All Day Filming content, making you guys laugh, improving all your lives, giving you some of the best trades you've ever seen, and then I went to the gym. Now part of my lift yesterday involved shoulders for those of you not part of the shoulder lifting Community For those of you listening right now who don't really care about achieving what I like to refer to as Boulder shoulders. Well, an important aspect of it is a lateral shoulder raise.

You just put weight in your hands and you kind of look like a crucifix a t Kind of like what our big guy the JC did on the cross though one day you know he was like that. Well, obviously he was working on his Boulder shoulders himself. So anyway, there I was looking in the mirror understanding that I might per chance have some potential. and while I was doing this I had my headphones on I was on my burner account as I previously alluded to and I was listening to that Twitter space call listening to the Twitter space call and this that was the AMC one where they were saying some of the most ridiculous things ever.

and most of the time I'm just listening to it and it's very rare that something gets stated that like I have an actual outward like, visceral reaction to this and the entire time I was looking in the mirror lifting massive amounts of weight. That's a lie. I'm actually like I think I look stronger than I am I don't know why I'm informing you uh with that, but you now know that whatever strength you think I have Just a side note here: whatever strength you think I have cut it in half I don't know if my muscles don't contract properly or like what's going on, but I definitely look stronger than I am. But anyway, that's a side point.

So anyway, lifting massive amounts of weight easily 150 pound dumbbells each hand. Uh, so I'm doing lateral raises 300 in total, 300 pounds and 300 reps I like to call it the 300 by 300 but anyway, I'm doing that and I'm listening to this call and it's the most deranged thing I've ever heard. So obviously it starts off what we were talking about of how the shorts are stuck I'm like, okay, that's interesting. Why? why are they defining the shorts as being stuck when they're arguably up a shitload of money.

And once again, just to clarify here, this in no way it makes me happy. I'm invested in this I'm losing money when the stock goes down I'm losing money I Don't want it to go down, but I am also not just going to look reality in the face until reality that it's not real. That seems strange. So that was already like, uh, whatever And then someone was asking how high Could It Go And this is all on the back of them discussing the Taylor Swift news.

So Taylor Swift arguably it is good news. Taylor Swift has a massive fan base. It's arguably good for the stock because it generates Revenue Hence, generating profit seems solid in the space call. Just so you know, AMC has 4.4 4.5 billion dollars worth of debt, and it also has a yearly interest payment in the realm of 400 plus billion dollars.

The guy who is allegedly in the market for 10 plus years quote unquote would be surprised if the Taylor Swift partnership didn't pay off all the debt within six months. They think that showing that Taylor Swift concert, video, movie, documentary, whatever it is will generate so much money for AMC alone that it will pay off over 4 billion dollars worth of debt. Four billion dollars worth of debt. Well, not to burst anyone's bubble here, but I think the highest gross grossing movie of all time is 2 billion just north of 2 billion.

so that already seems complicated. Not to mention that other movie theater chains are also showing it. Also, not to mention that box office revenue is not pure profit for movie theaters. So really, if you did the math of what they would need to pay off, we'll call it four billion dollars worth of debt.

I Mean you're literally saying that Taylor Swift has to generate about 25 billion dollars worth of Revenue and I Get it. I Know that there's swifties out there I Know that there's swifties out there I mean maybe some of you in here identify as a Swifty but I don't know if there's enough swifties in the world that are going to pay for a digital version of her concert to generate 25 billion dollars, which is roughly if you figure out the proportion of obviously AMC has about 33 market share and then from there they get anywhere from I Was talking with Fuzzy this morning about 10 to 50 percent of the revenue is profit. So maybe maybe I understand that there is a chance that per chance, a little bit of a chance that Taylor Swift's concert movie will outpace the most popular movie of all time to the tune of 12x. Maybe it will be 12 times more popular than the most popular movie ever.

Maybe maybe maybe maybe I Don't think it's likely, but it's maybe so the whole time I'm lifting I am I'm sitting there I'm like, okay, that's kind of crazy and it's wrong and then he's yelling at people who's like and if you don't understand this, you're financially illiterate. He was calling people financially illiterate for not understanding how Taylor Swift was going to pay off all their debt. Everyone's financially illiterate. If you are in here right now listening to me and you think Taylor Swift will not pay off all of AMC's debt, you are in fact financially illiterate.

That's what he was telling everyone. So this whole time I'm still doing my normal lift my normal 300 by 300 as you guys would expect from me. and then this is the point where halfway through a lift I had to stop and it was just such a a deep human response. like I didn't even know I was speaking like my headphones were in I was lifting and at one point I just paused and said how stupid I just shouted that in the gym well it was a medium voice I didn't shout it I'm not really a shouter and this all happened because someone came up.

uh, seemed like a very nice lady. seemed like a very like just genuine lady who she's like well with all this news and all like I understand what's going on with stock manipulation and this and that and the shorts are stuck. How high could it go? This was her core question. How high could AMC go? Which? If you're of this mindset, it's a fair question.

And this guy who was literally just calling people financially illiterate explain to her how AMC stock price he truly believes will go to Infinity And that was the exact moment that I thought wow, it doesn't get much more stupid than that truly going to Infinity I just I I mean I guess that makes you a value investor if you're truly of the mindset that something will go to Infinity I guess at any point you buy technically that's a value investment um, but infinite just per share. and like what what a top tier way to handle the situation of like everyone's like AMC someone started a hundred thousand dollars, then a thousand, then you had up and say a hundred thousand. Then people said half a million, then people said a million. Now people are saying 10 million.

That guy came in swinging, he's like, you know what? I'm tired of just increasing my stock price prediction to a higher level I think it goes to Infinity and I just that I I Feel bad like people like that? Whatever. There's no way I'm gonna help them. They're gonna lose money. They're too deranged and I really don't care if they lose money because I think they're It's one thing to be wrong.

That's whatever. We're all wrong at points in our life and we all have things to learn. But when you're just so insanely like just like a douchebag about it like a lot of the community who now stands up for Adam Aaron They're not doing it in a realistic way, they're just doing it in like an attack other people way. Which I mean that just means like they're like kind of a grimy like scumbag.

But my biggest issue is the market is always getting new retail traders in. There's always new people joining the market. and just imagine if the very first time you ever learned anything about the market with some dude telling you that Taylor Swift is going to generate 25 billion dollars in revenue and thus pay off AMC's debt. and this is like the best fundamental investment that the market has ever seen.

That's another thing that I heard, um and then also a stock price is going to Infinity Imagine like you're so new to the market, you don't know what's going on and then that's the first thing that someone is telling you and they seem like they're telling you with some form of credibility Because look at that, they have a social media presence and they're running a Twitter space call. It's all those new people that I I just feel I guess bad for and in a certain way protective over. because like you just know, they're just getting led to slaughter by some of the dumbest people on this planet. And I don't know I don't know what will change it because there is always a market for hobium and copium like in the call they were saying you are only allowed to come up and speak if you say positive things about AMC you can't say anything negative, you can't question anything they were literally saying.

only say positive things because that's what helps the stock. like they were literally saying we are only here if we can create our own Echo chamber which whatever if you want to be like that in your life, all the power to you truly. if that's what makes you happy, go for it. But in the world of the markets, Echo Chambers are one of the worst things because it means you inherently have a bias and you might be missing a particular weakness or a thesis that ends up costing you serious amounts of money.

like there's very big money in play in this particular situation. And it's absolutely devastating to me that there are people who I don't know if they're doing it intentionally I would like to think that they truly believe it because if they are doing it intentionally, it seems a lot more malicious. I would like to think that they're just stupid but I don't know. some of the things they say are so so stupid that like it all, it almost has to be malicious.

I Really hope it isn't because that's like a really scummy thing for a person to do it really is like some of the things I heard. I'm like you have to know you're lying and if they aren't lying, they're like they really have like some like intellect issues like actually concerning like very very concerning. but I don't know. It's if you're ever looking for a good laugh if you're sitting there and you're just bored one of these nights.

Like if you're bored today, if you're bored tomorrow, go find one of those space calls. Go find one of the Opium copium. like Kumbaya Let's all hold hands and talk about stuff. You will die laughing.

They will you like. You'll lose your mind at some of the things they say like very earnestly like it's not a joke. It's not sarcasm. they're not being facetious in any manner.

if you need a good laugh today. Actually, if you're having a bad day and you just want like kind of a relative comparison of like oh, it could be way worse I'm telling you. go listen in one of those space calls. All of a sudden you're gonna feel like you're gonna feel way better.

You'll be like oh wow, like my life could be way worse like you'll It'll give you perspective of how dumb you could have been. Where do you see the next level of support and resistance for the Spy Well, I was calling out this Gap fill which smashed it. smashed it. Uh, right.

Now to the downside. 444 If it can't get above and close above that, that's not a good situation. The next level down I'm pretty much watching the low 441s. To the downside: if it does recover, go to the upside I'm watching 446.

So 446 would be my upside Target 441 25 would be my downside Target On the spy on the queues, we still have an upside Target of 372.70 texts very weak today because of Apple My downside Target if we continue to sell would be 368. Tesla the bottom side of its range I'm still interested in going long on Tesla if it gets above and holds above 259 Nvidia Gap down upside Gap filter to roughly 466 and some change Tesla or excuse me Netflix Putting in a topping pattern right here ran into resistance a little bit of a liquidity to grab getting smacked I'd be watching 432 meta going flat, not really doing anything Amazon already had its topping pattern coming back down to this equilibrium region Ram Unfortunately getting smacked after this rip up into the mid eights would like for that to recover oil still sitting in the high 80s looking for it to test 90. Apple Itself: big gap down upside Gap Fill 181 Don't think it'll be hitting that today because of the news the news out of China could be problematic. Obviously, the major support I would be watching would be just below 172.

My Twitter Burner account wants to be friends with your Twitter burner account we controlled together like the old days. dude. Sign me up! I'll send it to you later. Christina Um, it's the only way I can get get a little bit of fun in listen to these Twitter I've been blocked by too many people I Suppose no way.

no chance spy goes up AMC Holding it down, Leading investors to the Slaughterhouse would be a good horror movie shown in AMC Theaters it would be it would be. it would be folks. What are you doing? What? What If you're in YouTube chat right now You need to take a good long look at yourself in the mirror because our likes are off by 250. we should be at 500.

the name of the game is I Start the stream and right away you run the likes up to 500 and you're sitting at 2 37. In fact, not even halfway there. Shame on you. You know if I wasn't in such a good move if I if I didn't Crush cardio this morning and have all the endorphins pumping through my body I would take all your gold stars away from this morning.

but I'm not going to do that because I understand that sometimes you just forget to hit the like button I Get it. I Get it. I Get it. I Get it.

I Am When are we at Rumble usually rumbles a little bit farther behind. They don't want me to play the footballs we're not even at a hundred on. Rumble What in tarnation? What in tarnation is going on? What's good? This stuff about Obama being gay and crack doesn't necessarily seem like the best situation. It seems like some pretty insane conspiracies.

I Just saw that it was like a leading video on Rumble Right now, there's something about Obama Wild stuff. All right. Is it time? It's almost time. It's almost time for me to have some fun in the sun.

Almost time. All right. Uh. Yesterday By the way, uh, on locals, we put uh zero DTE trade and that one crushed it.

Let's see if we could go back to back I already had one on locals this morning for that upside Gap Bill we obviously, uh, explained it all in here. so let's see if we can do another. Let's see if we could do another. Feeling good about today's all right? I'm just getting it ready waiting for the signal to get fired.

but uh, beings? I wrote the signal I Know it's actually pretty close to getting fired. Ah Radar Radar right? Foreign, cool, cool, cool, cool cool cool cool cool. Um I Do want to point out even though the market right now maybe makes you feel like it's a little bit more bullish, we pushed up. we came down putting in a higher low.

um I Do want to point out how yes we got rejected at the Gap film, but if you zoom out to the 10 minute you're gonna see. First of all, let me double check. The market internal is for you. The market internals are neutral, leaning bearish.

We have this that's also leaning bearish. And in terms of the exponential moving average, we're pointing down. the angle's down. we gotta Papa look at that perfectly rejected at whatever EMA this is so I wouldn't be so uh I guess trigger happy to be going long right now until I see a little bit momentum, a little bit more optimism.

Yes, this was a nice pop, but the pop might have literally just been for this Gap film. I don't know. Obviously it's going to take time to like really see how things play out, but even though we put in this higher low, we don't know anything about the next high. Obviously if we push above 444 40, well, that's a different story, but we could also be putting in a lower high and then that sends us back down to below 443.

So right now I I myself haven't made any trades today I guess I'm not necessarily like chomping at the bit to force the trade right here because I could honestly see this breaking. Either way, the first major play really was that upside. Gap fill Uh, and that's already played out. And right now the I on this chart on the one minute chart I think it's a little bit deceiving I think it makes things look better than it actually truly is.

And then when you zoom out and you look at some of the market internals and where we are like we're clearly trending down in price. Price got pretty smacked here at 4450 I Wouldn't be the most surprised if we have some form of a actually a continuation in selling. um I Would have preferred that the cues also got their upside Gap bill fixed taken care of. but here's where we are.

Just so you know, this is equivalent to before the stock split on AMC It's currently trading at 774, which means this is equivalent to 77 cents 77 cents That that's how much AMC is getting well and there's the fault right there. There's the fall right there. How long before Matt has guns like Tim fit in from Judicial Watch if that's what you guys need me to do, if you're like no, we need to turn this into a fitness channel I'll do it I'll do it I'm Not Afraid Actually that sounds super not fun because like to be a fitness channel or Fitness influencer, you have to care a lot about your diet. like I don't envy those people.

Um, by any means because it seems like you have to like, you know, not consume fun things to consume. Um, but maybe Maybe the cues are getting knocked right now. Not right now. All right.

Choose Oh Tech Sector Next stop for the queues I think is going to be 368. it's about a dollar fifty below. Just be careful of like kind of a fake out breakdown. We do have this low right here at 369.15 Um, what is this actually? I'm gonna give out two trades today.

uh uh, how nice is that of me? Two two two two two uh I haven't posted it yet? I will let you know when it's posted to locals I just need to get the numbers off of Weebles Weebles Weebles Weebles Oh that reminds me they emailed me Weebles Weebles Weebles uh uh uh. how do I find what I need to do the tech sector. Oh like my phone is just popping off with alerts. today is September 7th right? All right waiting to see how bad things get.

Oh man. actually I think both of these trades will be firing off pretty equally. Uh, News feed News feed. News feed.

News feed number two. All right, let me get this all up there. and then finally I think I might be able to start swing some trades myself. see if I can make some money today.

That would be nice. That would be nice. That would be nice. All right, just waiting for the signal to actually produce.

All right. Well, while we're waiting for the signal to produce, Are there any questions? Comments? concerns? I guess uh, we could do some chart review. Are there any tickers you guys want me to write down and particularly look at? uh be dude, this Market looks like it's about to get murked murked Merc All right. I'm just gonna post these trades now because I know it's gonna fire.

Uh, hold your horses. Uh, um, did I do this math right? Um, are we popping? Look how close? I Always find it so interesting. Obviously there's algorithms and systems out there that are clearly clearly clearly reacting to these just close levels like it must know. The low of the day is 442.81 Look where we bought Bounced 441 86 Five cents away.

Just what program to buy? five cents early? Same thing on the cues: 369 15 What's the low? 369.26 So about 11 cents early. We are seeing a series of lower highs right now. But then the real question is are we going to breach this and make a new low? But even if we do breach it, that doesn't necessarily mean get crazy with it and go like short it instantaneously. No, you wouldn't want to do that because we've seen a lot of liquidity grabs, if anything.

My favorite situation is when we get a breakdown, make a fresh low. it pushes back up into an EMA and then starts to bend over. That is like kind of the whole curl thing kind of what we're seeing here of like it pushes down, pops up, pushes down, pops up I Would like to see the push down below 442.81 below 369.15 and then a pop into some EMAs because that helps you lower your risk obviously I want that high point if I were to go short to be my major risk point and then obviously if you're patient and you wait for it, you just have to take on less risk which is obviously ideal. Like that's that's a nice situation.

Um, upst hang on. let me get all these down. Uh Mullen Always fun to look at Merlin What a scam of a company AI uh um VFS what else do we have? a Txrh I think that's actually getting to a potentially a good buy point Google uh uh, how is a a X N A A X-m en I have some ink all over my hand now I think my pen just exploded on me. Could this day get worse? You know your Gme BTC Gme BTC Dude, this ink is coming out all over.

No, don't do this to me pen. we're supposed to be allies. Well that's not good. Oh my God you Inked hey it happens.

Can AMC get worse than this? Yeah. I mean what was the low of the day? 771. It could definitely go to 770. instead of listening to things on 1.5 to 2 XP try it on 0.5 It sounds like everyone has drunk.

You especially are hilarious I just know that would be that's actually pretty funny. Uh so is AMC mooning? Yeah! 772 to 8 dollars. Definitely a form of mooning if you will find a whole nother pen. dude.

I this is this is something else. You know it's I hope I I hope this doesn't stain. Uh, are you going to Ripple's party at the end of the month? if it's in New York I didn't even know Ripple was having a party? Uh, probably no. I'm gonna go with is it Ripple's price kind of getting a little bit destroyed Matt Please explain what would happen if AMC went bankrupt.

Would that be good first? No, not at all. So uh here I'm trying to find you a cap table I'll explain why it would not be good if you're an equity investor. Uh, okay here this is on Fidelity which I think we could say is pretty reliable in bankruptcy. If you do chapter 11 bankruptcy, you're going to hear a lot about it.

restructuring. and the restructuring is going to start to take on a look such as this: The hierarchy of repayment typically looks like this. So basically when things blow up, it doesn't necessarily mean they have nothing of value. They have potentially some value.

And then the question is that company that declared bankruptcy? who gets the value at what rate this that? The other thing so top of the pyramid is senior debt then subordinate debt preferred Equity Common Equity So lowest risk to highest risk, Lowest priority of repayment, Highest priority of repayment. So this is what's going on. Basically this right here. if you're a common Equity investor and things are going well, you stand to benefit the most.

But when things are going bad, you are risking the most because you're the last one to get paid out. So the hierarchy of repayment typically looks like this. As in it starts with senior debt, then it goes down to other levels of debt, then preferred Equity then common Equity. So this highest priority of repayment is at the top, the lowest priority of repayment is at the bottom.

So if you own AMC stock, you're an equity owner. you are the lowest priority of repayment and most of the time, not all the time. But most of the time you get zilch NADA goose egg or like a small small small small small small percentage of your money back. So in the event that AMC has to declare bankruptcy, it's going to be the debt owners that end up with the company.

The bonds. So whoever owns the bonds which right now if you look at it is actually a lot of hedge funds, they're going to end up with the uh, the company for pennies on the dollar. That's how it goes. Uh, as the chart shows, senior debt holders typically base get paid before all others bondholders are in the next group and bankrupt firm often still has enough assets to pay them at l