Foreign still. Venom Foreign Venom Foreign brother Good morning, good morning, good morning, good afternoon, good evening, good night. Go whatever time it is for you. Welcome back to another episode of the Matt Core show where you're Matt I'm Coors and together we are.

The show today is Thursday August 17th I Want to say I think it's a Thursday Monday is Fall by Tuesday then there's a Wednesday I think there's a Wednesday and then after that there should be a Thursday and there's a Thursday If yesterday was the 16th, carry the two. Divide by pi x equals negative B plus or minus the square root of 2 AC all over 2A Yeah, I think it's the 17th I'm pretty sure it's the 17th, but hey, that's only if you believe in the Gregorian calendar and I'm here to tell you that I have quite the show prepared for everyone today. Now when I say quite the show I don't necessarily mean good I Also don't necessarily mean bad I would say set your expectations for roughly adequate and we'll see how it goes, but it's a show nonetheless. A couple things I Want to get into: Yes, we have to talk about the breaking news in terms of macroeconomic reports such as the initial jobless claims.

we'll talk about earnings Walmart Came out this morning and we kind of are now officially done with earnings season. There's more coming in, but I don't think we're going to be carrying too much I Don't think you guys have much of an interest in the other ones that are coming in. Hey, shout out to I Don't know how to say your name but I appreciate you becoming a supporter folks. If you haven't already, you can become a supporter on.

Rumble Right now, they're doing a deal where the creators get a hundred percent of the money. so shout out to Bill for a leading leading that effort today. So anyway, we have some earnings to talk about. We have some macroeconomic reports to talk about I have an interesting story about Ken Griffin Kind of meddling with real estate rules and laws and loopholes.

especially what's going down in Florida So we're going to be covering that. Um, but most importantly, and what I want to dive into is first of all: SEC Psych. Excuse me, Psych still stands the test of time I was watching some last night. It's still a phenomenal show, so we'll love it.

In terms of: Piper She's been a bad girl. She's been a horribly bad girl. She just doesn't sleep. She wants to play 100 of the time.

but the way that she plays is by biting everything and anything. So if you're just there, let's just say hypothetically, it's one in the morning and you're sleeping and then all of a sudden you just feel something bite your toes and then you're like, hey, stop that Not cool I'm much larger than you. She just doesn't listen, doesn't listen whatsoever. So we're gonna have to have a talk with her about this.

She's been like in scratching Everything I literally just before this, had to order a scratching post because the bed frame the couch, one random wall. Dude, she's like getting those claws into everything right now. so we're in the middle of figuring that one out. But hey I know I know she's just doing it to make me better.

Me: So I really don't mind that that much. It's a little frustrating in the moment, but I don't really matter that much and in terms of any interesting thing related to the market and degeneracy. So you guys saw that strategy that I ran that was just going Hog Wild Yesterday Well, for whatever reason, I decided to skip the gym because once again, I'm a walking bag of mayonnaise and I don't need the gym. the gym needs me.

So I skipped that and I just sat there and I was like, you know what? I want to figure out one little thing if if anyone's ever been here maybe this is your personality but I think it happens a lot to coders. You end up well. first of all, we're perfect at procrastinating. We've mastered the art of procrastinating, but sometimes you sit down you're like I'm just gonna fix one little problem I'm gonna Tinker like with one little thing and that's what I was doing with the trading program last night I was like you know what it had some spurts of success but really, it wasn't what I wanted it to be.

And for those of you who maybe missed the Power Hour stream last night I was just running a robot like I coded up the robot. the robot was buying and selling for me, it was hands off and it was basically firing every couple minutes. It's just like oh brother oh brother oh brother oh brother oh brother and then I sat there I was like well there's something there it the it wasn't where I wanted it to be, but I was stumbling in some sort of positive direction. So I decided to sit there and post in some videos and whatnot and I I was like okay as the wrap-up videos are getting posted as we're prepping for this stream right here, let me see if I could fix a thing or two.

Let's see if I could do some. I don't know some number crunching of how things have played out in the past to see if I can optimize it and before you know it, it's like midnight like I Did not know what was going on, but hours and hours and hours had passed and I just had all these data reports I was changing this changing that I was working on scaling in scaling out and we're on about version I. Don't know 28 of the code right now, but I'm excited to see how it runs today. So with the newest version of code, we've kind of been at this for a bit, but there's hours and hours of code put into this particular strategy.

Piper Version: Whatever. 28 like I said I don't know. just kept going and going and going and before I knew it was way too late and it's going to start running the code. The newest version will start running at 9 30 a.m today.

So obviously in the Power Hour stream, make sure you're back here because I'm going to give you the full day report. At most, this thing will trade 78 times in the day session. Now that's a theoretical Max it's probably not going to trade that many times. In fact, my expectation is it trades around 35 times today.

so it's a very active program, but it could trade up to 78 times. but I'm expecting in the realm of 35 it goes long, it goes short, it takes a couple things into account, and if it's successful, I'm more than happy to dive into it and explain it. But I also don't think we have to go into the nuances of it if it sucks. So anyway, I'm expecting about 35 different trades today.

Um, real money because like yeah, I get it. You should test it. You should do it on a paper account and get some whatever a series of tests in there. But you know, as Tony Stark said, sometimes you have to fly before you can crawl.

So I'm gonna throw real money behind it. I'm expecting about 35 trades a day, so in the morning session you're going to hear it popping off. Little brother oh brother oh brother. it's going to be doing that all day and takes a couple breaks here and they're more dependent on price action.

And then in the afternoon show the Power Hour show I'll kind of give you a wrap up of where we're at least at that point in the day. So I'm excited to see how it all plays out. So we're going to be talking about that as well. and I'm actually really excited to see how this gets going.

Uh, other than that, we're going to do a little bit of chart review. We're going to do a little bit of talking, a little bit of drama. You guys know what to expect. You guys are here.

You guys are pretty much professionals at this standpoint. You know what you're getting when you step into the Mad core show. So before we get rocking today, if you guys could help me out with both the algorithm and my own, just I guess appreciation for if I like myself or if I don't which is obviously directly related to the numbers that I see over here. destroy the like button if you haven't already.

if you're watching it right now, whether you're on Rumble whether you're on YouTube it does very very much help me out with the algorithm, so run it up. I mean I'm seeing almost a thousand people here on YouTube Let's just Jack it up to 500 right now. Good morning, it's my 38th Birthday Robert Everyone Happy Birthday Robert Robert A lot of us were talking and for years now we're like we don't know if good old Robbo is going to hit 38 but here you did. Proving so many of us in Chat wrong that yes, in fact you can hit 38.

So congratulations Robert I Hope you were celebrating it at a Texas Roadhouse Um, but folks, destroy the like button on both. Rumble on YouTube How many have you been watching on Rumble right now? Oh, we could easily get up to 500 on both of these. So folks, if you're doing anything with your life, put it on pause. It doesn't matter.

Are you spending proper family moments with your loved ones? Doesn't matter. Put it on pause. Are you fighting with your manager? Are you fighting with your spouse? Are you fighting with your kid? Are you fighting with your favorite feline? All of it doesn't matter. All of it is second tier to you absolutely murdering the like button.

And also clearly don't forget to subscribe. Uh, and on that note, we might as well switch this up. shout out to today's stream, sponsor more on them on a bit, but it is pinned to the top of chat is in the description of the video. Should repeat.

If you want to get into the world of AI trading, this is the easiest way to do it. at least in my humble opinion. You could go to what's pinned to the top of chat or you can just download it to your iPhone Android there's the QR code. it's free to download And also don't forget to use the codemat to get a free 30-day trial of their AI strategy generation.

It's awesome for those of you who are like hang on I don't want to deal with payment for order flow I Want you to know that Street Beat does not accept payment for order flow Kickback Once again, I'll talk about them more in a bit later on, but show them a bit of love pinned to the top of Chat in the description of the video. They've been a partner with us for many months now and obviously as the numbers keep coming in, we'll be able to continue this partnership and it's what allows me to keep doing this show and pretend that I don't have to have a real job or at least something along those lines distribute. have Ira accounts they don't as of now, but I asked them just so you know, sweet tea and it's on the radar. It's something that they're interested in and there is actually a workaround right now because they have Partnerships with other brokerages.

so there's a handful of them so you'll have to look into it. but you could too straight feet to use their strategy. so there is currently a workaround. Do you have an IRA directly in street beat at this moment in time? No, but it it does have Partnerships with other brokerages, so your 401k that can be in that brokerage can use Street B trading strategies.

So let's say hypothetically, you want your 401k to be doing exactly what politicians are doing. buying what they're buying, selling what they're selling, you can do that. so it there is a possible work around right now. Um Matt I Show speed flashed his stream wait isn't he like a kid I Feel like it's kind of also weird I Don't know if we should be commenting on a younger individual flashing their stream I guess don't do.

Was it an accident? Was it was it? I Was it intentional there I Feel like there's I have a lot of confusion about this, but I don't know if I want to know any of the answers and I don't I feel like this isn't just a story for me. There's a lot of times where you guys bring up things that seemingly have nothing to do with the market, and you know, I'm a sucker for drama, so I'm interested in it, but this one doesn't really particularly seem like we should be covering it because he's a young kid and that does wild things I Don't know if it was intentional, not intentional. Uh, but maybe he shouldn't be doing it whether it was intentional I don't know. Was it a drop of his only fans or something? Uh, yeah, it was accidental.

It was really funny. Oh okay, accidental. Well, hopefully he learns to not do those types of accidents in the future. Um, stock futures are slightly higher as Wall Street tries to recover from back to back losses.

So right now in pre-market we are up a little bit. But clearly the trend since the start of August has been to the downside: lower highs, lower lows. If we were just to do some classic bar candle analysis, the fact that we had lower highs and lower lows over the past two bars and we closed below the previous low, that's that's a bearish setup now. I Do want to remind everyone that yesterday, the seasonality did favor the Bulls Obviously, that didn't happen today.

The season Natalie does favor the Bears I Don't know if it will or won't happen. Once again, my fortune telling ball is currently out for repair. Turns out Piper broke it. But anyway, in pre-market action, we're basically halfway.

So if you were to look at the high 44420 and the low 439, whatever, it was about 53. we're about halfway. We're halfway in the bar. A little bit indecisive right now.

The reason we're up is: we got the initial jobless claims I believe it came in at 239 and they were expecting 240 so pretty much in line. But we also got the Philadelphia manufacturing numbers and once again I will show you these. They were expecting a drop of I Want to say like 10 and it came in at 12. or maybe it was.

They expected a drop, but it came in positive and obviously as of right now the market is reacting pretty favorably to it. really. Ever since around two in the morning, we got going in the London session and things started popping. That's about two to five is the London European session.

So some bullishness there and we're just continuing following the EMAs Up Up and Away will it continue I don't know I give it about a 50 chance. Will it completely plummet I don't know I give about a 50 chance. It doesn't matter to me. I'm not when I'm day trading when I'm swing training I'm not going to be married to a bullish position or a bearish position that's for my investment account in my longer term investment account.

I buy I hold because I know mathematically that works in the long run but in short time frame stuff. once again, day trading or swing trading, it doesn't matter I'm going with the action. You get your money by following the trend. Yeah, there are other strategies that are main reversion, but that's commonly even shorter Trend stuff and they both work.

And I'm not saying one's better than the other, it's just what's appropriate for your mindset. How do you you view the market? What's your life like? When are you trading? The times of the day really matter. Maybe you only have a little bit of time to dedicate to the market. Maybe you have a lot of bit of time to dedicate to the market with your personality with your account size.

Those are all things I have to answer for you to know the best style of day trading and swing trading and really even investing for you. But right now we are bouncing back a little bit and the reason things were shaky coming into this moment and might even continue to be shaky today is all because of what's going on with inflation, monetary policy. the Fed and some International stuff Fed officials see upside. risk to inflation possibly leading to more rate hikes minute show.

So yesterday at 2 Pm Eastern we got the Fomc meeting minutes. These are the meeting minutes from the last Fomc meeting that happened in the end of July and people were a little bit surprised about the hawkish Tome Feds saw significant inflation risks that may Merit more hikes. So as of yesterday, there was about a 35 to 40 percent chance that we're getting one more rate hike and there was about a three to four percent chance that we're getting two more rate hikes I am still in the camp that we're done with rate hikes, but the meeting minutes. and once again, this is lagging because it came in at the end of July it's not necessary, necessarily recent.

we're a little bit it pulled back the current that some Fed members thought they still have to be a bit more aggressive as in maybe get us from 5.25 of the FED fund rate up to 5.5 to still fight inflation. Remember, the goal is two percent. We're clocking in over three percent, but it's apparently like almost like a logarithmic scale in terms of taking care of this. like that.

final percentage could very much prove to be the most difficult. Here's what Bloomberg had to say about it: We said that Fed uh, Fed meeting back in Late July Here, A meeting that didn't necessarily surprise uh Katie Griffel. Uh, in terms of expectations, But of course there was a lot of drama behind the scenes. We know that based on some of the public comments that have been made by some of those: I see your message Chad I'll look at Nike right after this.

a lot of view unanimity among the officials on the voting front, but behind the scenes it'll be interesting to take that look minutes of those meetings Now set across the Bloomberg wire at any minute. Let's get it right to Kaylee Lyons down in Washington with the latest Kaylee unanimous decision to hike rates by a quarter point in July there was division among participants. The minutes say almost all. Do you think the reason that my financial content career hasn't really gotten to the next level is because I'm just not an absolutely breathtaking, beautiful woman? Do you think my life would just be at a better like? Do I just need to start instead of wearing a mullet wig? Do I just need to really grow my hair out Like is that is that what's holding me back? Participants judge it appropriate to raise the target range for maybe she's just smarter than a quarter to five and a half percent.

but a quote there's a good purchase favored leaving the rate unchanged or they could have supported such a proposal. Now importantly, ask for the path forward. There is a signal in these minutes that the FED is not done raising rates. the minute minutes say quote.

Most participants continue to see significant upside risks to inflation which could require further tightening of monetary policy. Now participants observe that inflation still remained well above the two percent Target and that they would need to see more data on inflation and further sides. Signs that Aggregates supply and demand were moving into better balance to be confident that confident that inflation pressures were abating and in discussing the monetary and economic Outlook participants noted uncertainty remained elevated of agreed that policy decisions at Future meetings should depend on the totality of incoming information and its implication for the balance of risks. The minutes note a quote number of participants judged that with the stance of monetary policy in restrictive territory, risks to the achievement of the committee's goals has become more two-sided now.

Chairman Powell already told us in the news conference back in July that the FED staff has abandoned their view that a recession is coming by the end of this year. The minutes do show this and note staff observed indicators of spending and real activity had come in stronger than anticipated. The staff though does continue to expect real GDP growth in 2024 and 2025 would run below their estimate of potential output growth leading to a small increase in the unemployment rate relative to its current level. Hang on! I'm just writing out some of these things that you guys are saying just uh, I don't want to forget out, uh, forget about anyone So this all happened yesterday.

It definitely or nothing sparked a bit of a continuation in the downside movement price action of the overall Market which was weird and you could check this video out. It is post on both Rumble and YouTube but Goldman Sachs them via Bloomberg posted an article like the only reason we're selling offers because there's zero DTE options overlooking the fact that China's until our inflation situation isn't good we have a weakening consumer. Just weird stuff that they felt the need to blame us. Retail: zero DTE Traders Like no, no, this is the only reason we're going down.

This is the only reason we're going down. Global Yields March to a 15-year high as rate hikes worries build, so yields are continuing to go up and up and up. which is nice if you're doing like a bond ladder strategy like we have from whatever either public or. Street Pete something like that.

Good yields Uh, but bonds getting hit and you could actually track that. One of the most common ones is TLT currently sitting in the low 93s I Don't think anyone really expected bonds to get hit this bad I Really thought I think the investing trading Financial world was okay. like we're gonna kind of chill at five percent and now the fact like we're we're clearly closer to being done than we are to get started. but I I think people are in the we're almost mistiming right now I Feel like there's a lot of people Miss timing it like okay, we're kind of done, but if you're off by a month or two or three a couple Cycles like it can put a lot of strain on your position after the release of the minutes from the July fed.

meaning it is now likely that rate hikes might not be done just yet. Steve Leesman has a little bit to report suggesting that raid hikes, uh, might not. I think Joe's been doing real well lately like he's been saying some pretty face things because the details and we for a while we've been saying all right. maybe one or two more I mean we used to get 75 basis points in a whack.

three or four. Wow. So we were okay with just a couple more. but is that starting to change? Steve might be more than uh, might be more than a couple Suddenly the ten years that we're all paying attention to Yeah I I think the 10-year Joe is is dancing to a slightly different tune from the Federal Reserve I think it has to do with the kind of combination of supply and demand I I think it's still a maybe a 25 or not a 25.

But but here's what we know from the minutes after they hiked. by a quarter point at the July meeting, most fed officials thought more would be likely uh, but a minority did emerge suggesting the case was maybe not so clear and even two participants didn't think thought the FED should not have hiked at all at that meeting. So here's a flavor of the back and forth. the on the one end on the other hand, minutes that we had they said a number judge that risked to the achievement of the committee's goals had become more two-sided.

but they went on to say quote most participants see significant upside risk to inflation which could require further tightening of monetary policy. So the minutes were somewhat more balanced than they have been recently. but it may be too early to sound the all clear signal on any rate hikes at all. Uh, here's some of the minutia from the minutes they said there was progress on inflation and some loosening of the job market.

The staff backed off that recession call, which we knew from the press conference. they were all uncertain about the lagged effects of tighter monetary policy and Tighter Bank credit conditions. There were signs of economic slowing, but they also saw considerable momentum in the economy. The trouble with all this is that since the meeting economic data has come in stronger than expected, this could be a key to the rate: Outlook With the minutes saying that, many thought, hey, you have to have a period of below Trend growth to bring supply and demand back into balance the moment the economy appears to be growing well above Trend Maybe Joe next week will get a little Clarity on what this sort of surge in economic growth means for Fed policy.

Um, which. Obviously you have two different things happening. You've got the big Fed. Summit Next week this is going to be picked up Thursday and Friday next week.

We have some interviews with some Fed officials and to me the question is, how do they Square this idea of above Trend growth at the moment, but still declining inflation of whether that necessitates additional rate hikes from here. So kind of echoing the words of Bloomberg of everyone taken a little bit by surprise thinking that like we were kind of closer to officially being done than what the FED like I don't know, it's like this weird game of cat and mouse, but obviously the market reacting to it in real time and uh, next week I Really wanted to play this clip because next week the Jackson Hole meeting We have now seen over the past two years that the Jackson Hole meeting itself and the commentary especially from the chairman of the FED Jerome Powell has had a clear actually Trend change like what he said like has been a large push that day, the next day producing a nice Trend. So we're definitely definitely definitely 100 going to be paying attention to it because I think there's going to be a nice money making opportunity from there Americans have almost depleted excess savings according to the San Francisco Fed So on all this note of are we doing well? Are we not doing well? It's one thing to talk about the market, it's another thing to talk about the economy and right now the average Joe people like you people like me, people like Piper are feeling the financial pinch excess saving U.S Households build up during the pandemic will probably be exhausted in the current quarter. According to research from the SF Fed, our updated estimate suggests that households held less than 190 billion of aggregate excess savings by Junior.

This is considerable uncertainty in the Outlook, but we estimate that these excess savings are likely to be depleted during the third quarter of 2023.. folks, we're in the third quarter of 2023.. This is exactly why over the past six quarters in a row, we have been seeing the credit default rates go up steadily every single quarter. This is why we're seeing credit card debt go over 1 trillion in aggregate.

This is why a lot of well-respected analysts and banks are starting to sound a little bit of the warning signal of hey, looks like a recession might be coming a little bit sooner rather than later Now Obviously a golden question in this question in this commentary is, well, how Deep's the recession, How long is it going to last And obviously I hope if it happens at all I Hope it's very shallow and I hope it's very quick. But when we're seeing this and these are the USA numbers and we're seeing things being mirrored in Europe Germany Netherlands Officially in a recession, we're seeing things go on and China where it's so bad that they don't even want to report the younger demographics, labor force participation, or their unemployment numbers, the younger, uh, age cohort because it's just so bad something's Brewing underneath now. I Never want to be here and preach doomsday because if the history of the market has told us anything, yeah, there's bad periods, but once again, you just weather the storm and then things end up being even better on the other side. So I would never pitch doomsday and be like oh, it's all over capitalism sound, The economy's done, the stock market's done.

No, it's just appropriate to know what's going on in the current situation so you can plan for your own life so you can plan for handling the market so you can just plan what's going on. Because really, it's in those negative times where other people are unprepared that the average person, the average retail Trader investor can actually make even bigger gains. It's one of these things that because of the saying of elevator or stairs up elevator down when things come down, they come down very quickly, which is an opportunity for people who understand how to play this situation. I Don't know the exact numbers off the top of my head, but I do want to share this with you.

There are well-known studies that for retail if you're an active Trader I'm not talking about an investor if you're an active Trader your chances of making money are greatly higher when things are bad because it's so much more volatile rather than when things are good because the nature of things being quote unquote bad is very volatile. Very quick to the downside. when it's good, it's slowly going to the upside, so there's just more opportunity. so I don't want anyone to be scared and think that like oh, this is all done because if you're paying attention to this and hopefully you're getting other sources than just me, but if you're feeling prepared for it, it's a good good opera opportunity.

So they published research estimating 500 billion of excess savings remained on the household balance sheets as of March 2023 after peaking at 2.1 trillion in August of 2021. now I'm no mathematician here, but that's about a 75 decrease. So these extra money that people have been scrolling away putting under their mattress, 75 of it's being done. and then when you add in a couple sprinkles onto this pretty chaotic Sunday of the fact that student loan repayments are going to be restarting I See the situation? the cushions there, but it's very much being eaten away at, so just something to consider.

something to pay attention to. And it's something worthwhile to track because if you play it right, if you understand what's going on, you're going to come out on top. So just wanted to share that with everyone. Drilling in a little bit here.

Initial Jobless claims: 239 Expectation 240 Philadelphia Fan: Manufacturing Index Uh, the expectation was negative 10 came in at positive 12. Tomorrow at 5 a.m in the morning, the Eurozone CPI will be reporting. On top of that, we have earnings. We're pretty much now done with earnings season.

The big one this morning was Walmart Tomorrow we are also hearing from John Deere for anyone playing John Deere Walmart Raises full year forecast as grocery online growth fuel higher sales. so we know that there's been some clear winners ever be because of Target's downfall. Walmart was already in a position of strength because we're more well known for groceries and they are just continuing to win on that. So if you look at Walmart no the last time I checked it, the reaction was muted.

It didn't really actually go anywhere. Uh, we're a little positive now. it looks like it's up a dollar fifty in pre-market Um, so Walmart WMT doing pretty well Several Bye Bye Baby Harman stories to reopen after buyers scored deals on bankrupt Brands all due to acquire Win Dixie and Harvey's Supermarket stores in southern expansion Aldi getting bigger and bigger and bigger China is considering countermeasures to Biden's executive order. This has to do with the world of technology semiconductors, and if they hit back, they could definitely hit back in a bit of a painful way.

Some more on that in a second. Russia's inflation Spike sets Kremlin and Central Bank on collision course. So this has to do with their currency. The Central Bank of Russia an emergency meeting on Tuesday jack up interest rates by 350 basis points to 12.

We're at 5.25 in a bid to Halt a rapid depreciation of the Ruble currency, so they're jacking it up to try to like, really keep their currency. alive. Uh, definitely quite a bit of pressure there. Now with the market with respect today.

Thursday August What was that? Uh oh, are we already trading? The market went up already today. Oh geez that I was in prep for that wasn't prepped for that. What are we doing? What are we doing? What are we doing? Oh brother oh brother oh brother oh brother. All right.

Well, apparently the robot is coming out of the gates coming out of the gates fighting today. Uh, I don't where we if I do my math right somewhere around here, 440 should be its profit Target for this very first trade. But anyway, the robot is already must have had a good night's rest because it's already coming out of the gate swinging. So let's hope that that first trade is a nice profitable one.

But I Want you to know that in terms of seasonality today Thursday August the 17th the Bears are favored. Um, it's about a 50 50 accuracy, but when the Bears win, it's a bit larger. So the bias for today is Bears Same situation for tomorrow, but more on that a bit later and as we're waiting for the market to really open. Five things to know that you should know by now because the market is officially open Rocky month.

Yes! August Thus far hasn't been made like it hasn't been really favoring the Bulls. So if you're bearish, your puts have been printing decisions decisions. So I'm talking about the Fomc meaning minutes next week is the Jackson Hole all that good stuff. Walmart Earnings came out actually pretty good.

Definitely winning off of various things including the kind of hit to Target Hawaii Wildfires Absolutely hit. Was that a profitable trade or not? Nope. stopped out hi Barbie uh Barbie Crushing it cross one billion Margot Robbie Apparently alone has now, like personally profited 50 million off of it. A little bit later, we're going to be talking about Citadel and Ken Griffin and what's going on in Florida and real estate rules and laws.

and then also we could talk a bit about China brother. All right, as you guys hear this Algo is going nuts this morning. Um, one losing trade. It's traded once thus far today and it is over one brother.

Now it's O for two. So that's not the best way to start this. not the best way to start the old debut of the Algo. Maybe it shouldn't be starting this early in the morning.

Well, that's that's not fun. All right. Uh, coming out of the gates. Not the best, not the best, but there are a couple things I wrote down that I saw comments First of all Chad asked about Nike we will look into Chad Dre you said I missed your birthday So happy birthday to whenever your birthday was.

But we'll just say your birthday is now today. So for here on out your birthday is August 17th. So happy birthday to Dre you have a new birthday congratulations to you and then someone asked about he the you're saying I believe you said that you thought it was, um, an overreaction to what's going on I don't think it's an overreaction. There is some non-negligible chance that this just causes the company to go kaput.

So I'm not I don't like this concept of buying, especially investing into a falling knife. It could come back and if it does, that's a nice upside opportunity. But I'm gonna. you don't want to be the first one to storm the beaches at like Normandy You want someone else to go ahead of you I would want to see some buyer stepping in.

we're not the ones retail is not the ones to decide when something actually starts to bounce. so you could take a shot here and you might get lucky. But for me in terms of risk reward once again, I'm not catching a falling knife I Want to see someone else stepping in before I Do just so I have a reasonable risk to play off of. so with it I do see interesting opportunity to the upside: I would just contest that the moment's not necessarily right now because you it could go lower.

If you're saying how much lower could go, it could go about 10 40 lower. about 10 38 lower. So I would be very confident that it the situation is behind us before I start throwing money into the play. The other one that people asked about was Nike My thoughts on Nike is patience.

We talked about this a bit ago, but lower highs, higher lows I'm just watching these trend lines. uh I wouldn't necessarily be bullish or bearish I would just let the price action tell me right now I would do nothing with it because the stock itself has been doing nothing. extremely extremely boring. so I would just be patiently waiting for either a breakout or breakdown and I would go in that direction.

Um, that's like right now in terms of capital efficiency. Like obviously we have a finite amount of money. So I'm not going to put money into plays that are doing nothing when there's other plays that are going on. um, so just wanted to share that as well I think those are all the questions I Saw some comments about the Bloomberg journalist lady.

you commented that her she seemed to be too broad. Like you said, her shoulders are broad. Well, first of all, who cares? You know, you know I can't find you on Rumble you can't I should be on the home page you if you go to Rumble.com it's right there. I'm this handsome Gentleman on the top of it.

Uh, right. just Rumble.com and you're boom right there. Mac Core is right in your face. Um so anyway, back to this too broad comment.

First of all, if the setup is that I am the stay-at-home pool boy and I'm there in the apron cooking food I'm game. Sign me up. Don't care if she's brought it, just it gives her better encapsulation for which to cuddle me. It works out Uh, you guys are saying it as as it's a negative and I just feel I I just I Just disagree.

You know I Think you guys have to be a little bit more comfortable being the less broad one in the relationship I Just wholeheartedly disagree. You guys should have more confidence in the width of your shoulders I'm I'm sensing that a lot of you in here maybe are narrow in structure and that's okay. You know not everyone's going to be built with Bolder shoulders like me and you gotta just accept it. Either you live with it and it stops making you emotional or you hit the gym and do lateral raises, side raises.

You do dealt presses, you do reverse dealt like you just hit the shoulders. It's on you. It's all on you. All right? where are we at? I Think I Got everything that you guys said beforehand.

Obviously, if there's any other questions, feel free to spam it and make my mods mad. Speaking of my mods I Had to text one of them this morning to make sure the video goes up and push it. Uh, copy the we're trying to get an extra video live right now we're having some upload issues. Copy the video description.

All right, should be up. We just posted a short if you want to check it out. Uh, unrumble. Your icon disappeared from my favorites.

Are you trying to say I'm no longer your favorite Tom yo uh uh I'm built like Yoshi from Mario Bros Oh, so you're green and you lay eggs. What is is Yoshi meant to be like a like a lizard gecko thing? Is there a report coming out today? Yeah. We already got the initial jobless claims at 8 30 this morning. it was pretty much in line and then at the same time we got the Philadelphia manufacturing number and that came in uh, a bit better than expected.

So those were the reports for today. and then there's another report tomorrow with CPI report which is inflation. But that's not our inflation, it's for Europe's it's the Eurozone inflation. Um, so not like huge ones.

It's not like we have our own Fomc decision. It's not like we have our CPI report or Pce report our unemployment report so they're They're important. like I don't want to act like they're not important, but they're not like the mega ones that cause huge swings within like a minute. Um, but next week we have a couple reports.

but I think the highlight of it all is the two-day meeting at the Jackson Hole. So Jackson Hole is where a bunch of like the Illuminati members meet up once a year and they talk about how they're going to continue their dominance of the World by controlling Global currencies and obviously Daddy Powell will be there. So I believe that's either Wednesday and Thursday or Thursday and Friday of next week. Um, Yoshi is a dinosaur.

This was confirmed in a 2008 study. Interesting. Um I've been there before. You've been to Dinoland before or were we? Maybe where are we at? Uh support levels on Tesla Tesla Tesla Tesla Tesla Tesla Tesla Tesla Tesla Tesla is just vomiting.

Poor. Steve 's a member of the Rumble community over here and he's probably punching a drywall right now. Steve's going full Kyle mode just smashing a monster and punching his mom's drywall looking at Tesla He's pretty balls deep into some Tesla's calls and it's just not working for him. Steve I Feel for you man.

this there is a downside. Gap Bill to 222 this is just it's a vomit. Fest Tesla Getting smoked, Getting smoked? Where was the casino open? Did I forget it for two days in a row? My apologies, my apologies Diggity ding ding ding. The casino has been open for 10 minutes.

The narrator as in me is gonna get fired for sure. This is supposed to happen exactly at 9 30 in the morning, but this casino you Scoundrels you d-gens have been in here for 10 minutes. I'll probably be losing my job. Oops oops demerit I deserve it I deserve it.

Hey good news though folks you are. Even though I got a demerit and I deserve it, you guys are close to getting your gold stars back. All you have to do 73 more subscribers to this channel. The Non-live channel where I tell you why you should stop trading options immediately.

The best books to get filthy rich. You will fail at trading the top 10 trading patterns to make money with proof this golden information is out there. and as soon as 73 more of you realize that gold stars will be reinstituted, so this could be a big day for you. If 73 of you get your life together, a simple 73 of you get your life together, this could be a day that changes your life.

It really could be. There were periods when we had gold stars. There were periods where we didn't have gold stars and we're in. We're in a bit of a drawdown right there.

There have gold stars have not been given out for a month or two right now. I Refuse to subscribe until Egg does the thumbnail over there. Well, Egg, you gotta send me the thumbnail. You gotta send me the thumbnail for me to possibly deliver on what you're looking for Christian is almost holding this hostage I Don't associate with the YouTube That's fine.

The videos are all on Rumble It's just a difference in how the algorithm works. so on. YouTube it seems like they really try to separate your live versus your uploaded videos. while Rumble's like hey, no, we're kind of cool with all the content so it's more of a fight against what's going on in the world of algo stuff.

But um, if anything, there's actually bonus information on Rumble but there's nothing on YouTube that's not on Rumble Um, what else do we have to say? Oh well. while we're waiting for this to go wild today, uh, obviously show a bit of love to Street pin to the top of chat in the description of the video they are the sponsor today's stream. Download it, it's free to download. Get it on your iPhone get it on your Android on the very first page.

Make sure you're putting in the code. Matt You can get a 30-day trial and my okay, my favorite one out of all the strategies. So they have pre-built AI strategies on top of it. You can build your own, but the one that I really like from them uh is the US Congress buys as in whatever Congress is buying.

whatever Congress is selling is what you're buying is what you're selling. and looking at it right now in the past month, this strategy is up 0.9 In the past three months, it's up 17.8 In the past six months, it's up 20.6 And in the past or the all-time data, it's up 139. So that's our Congress um I'm also in the top government one. uh, the top government contract recipients.

past month up 1.4 percent, past three months up 11 uh, six months 6.7 past year 9.9 and all 286 and then the other one that I'm actually in as well as the bond ladder. Uh, that's a basic one, just taking advantage of the current Bond situation. Basically, the high yield environment. Uh uh.

past month up 0.6 percent, past three months up 2.2 past six months up 3.5 past year up five percent and the all-time uh is up 2.7 Oh wait, the all is less than the year. Oh I Think it has to do with the creation of it, but actually am I in the green on all these now Bond Ladder Bond ladder Top government recipients U.S Housewives generative AI Revolution Well, that why am I not in in the Eco Growth times. Why am I not in the genitive AI revolutions. What's in that right now? a Uh AMD Salesforce IBM Apple Microsoft Nvidia and Google So one, two, three, four, five, six seven.

So that's one of those that's not a pre-built one My or that is a pre-built one. Mine is the ones I built are Honey Badger. The value Hunter and commodities in high inflation? Well, Mike What's in my Commodities DBA gold, silver, corn, and soybean Honey Badger value Hunter Anyway, check it out. You can build your own AI based strategies and you could also just use some of their pre-built ones from their fancy fans.

Uh, like data quantity algo. Third trade of the day. the first two were misses. the first two were misses.

Uh, we better start tracking this. Miss We're on the third trade of the day with the new algorithm. I think Mike's in here right now Mike Are you in here right now? because if so, I was working on this with Mike last night and just a training buddy of mine. Um, but let's see, we have a miss and a miss out of the gate.

Not the best way to introduce a new trading algorithm to the stream. Uh, but maybe the third one's gonna be hit I don't know how I'll be able to recover. if the third one's also a missed, we're going to strike out I'm not the biggest baseball player in here, but geez, I'm pretty sure three misses are I'd be on to my next batter. so hope hopefully this one works.

Do you think if Nvidia ever fills the Gap it would be a good buy? Point Uh, it depends on the time frame. so whenever Nvidia takes a sizable hit. I am of the opinion that it's a great investment. I Love Nvidia It's my favorite semiconductor play.

It's probably a top five stock for me that I would be comfortable holding long time. Uh, it's not my number one stock. my My number one stock. If you broke in right now and you're like Matt gun to your head, what would you hold like If you could only pick one stock and you have to hold it for whatever the next three decades it would be Microsoft Microsoft First of all, from a financial standpoint, their balance sheet.

it's Fort Knox. It's better than Fort Knox Financial. It's actually probably legitimately better than Fort Knox But just the world that it's in, it's in Tech It has a different, decent dividend. It's in AI It's everywhere the world.

If Microsoft goes under, the world has a much bigger problem than money. Like money won't matter. So the fact that it has great Tech growth, it's in a lot of sectors that I believe will continue to grow over the next couple decades. It has a decent dividend.

the balance sheet is amazing. It's the one that I would be most comfortable to hold. Um, without a doubt. Without a doubt now I'm not saying that Microsoft is gonna be the best one over the next couple decades, but the risk reward of it is I would expect a great return I'd Also get the dividend payments and I just don't think it's really going to go down for that considerable of a percentage over that considerable of the time.

I think if you give me enough time and extrapolate out Microsoft continues to climb and climb climb now I Think many companies could do that, but when I consider everything I'm just like, okay, what's the balance sheet? What's the world of tech? What's their actual business lines? Who's the leadership? I Think when you sum up all those parts: Microsoft is a top top tier option. There's other top tier options. That one just happens to be my favorite. For me, it's Apple Because you know Snowden Dwac has tremendous potential in the tech.

World Um, if it ever goes through, uh, it's The issue with Dwac is right. the SEC right now, like Dwac could just be getting absolutely murked by the SEC and uh, I'm not saying it's a personal qualm for me, but from a regulator big money investor standpoint, the Trump indictments don't make the situation any easier. You shouldn't in your mind, associate Dwac with True Social, because True Social from a legal standpoint, is a distinct entity and Dwac was trading on the fact that they thought the merger would go through, but the merger might not go through. True Social might get public exposure through a different SPAC deal.

It is not done that it's with Dwac. Um, so I wouldn't I wouldn't be operating under the assumption that Dwac is True Social. True Social is direct. That deal is not done.

So if you're if your argument is like oh, I like True Social, well it might end up being Dwac. But it's definitely not a done deal. It's not a done deal. And also you like, um, this isn't me trying to start a political fight of like if you or for or against Trump but from a financial standpoint, the one thing investors don't like is uncertainty.

And right now, like obviously, Trump is a polarizing, volatile character. So if one of the indictments ends up like hitting and sticking, that would be bad for the True Social Duac business brand. so he. It's not a smart thing to be putting your money with your political beliefs because sometimes you have on blinders that you don't realize you have on blinders.

So I mean whether you could say this for anything for Biden and or Trump or really for any President In the past, investing in trading should be distinct from your own political beliefs and ideologies. because once again, you can easily have blinders on that you don't realize I mean for both Trump and Biden Everyone on the other side of the aisle was arguing that it would crash the stock market. And guess what, neither of them crashed the stock market. So you would have been right in one case to be bullish and ride with the guy who's your guy, but in the other guy, if you ended up betting against the market, well, you would have been wrong and you would have lost money So under just in your mind, it's gonna pay dividends in the long run to separate what's going on between your political beliefs and whatever your other ones are versus your like Financial trades and Investments you like the the quicker you can separate those the better it's going to be for you.

Uh uh oh Matt Cramer said Microsoft is Fort Knox Bank Christmas the incoming hey you can bet against Microsoft in the long run. Uh but I think in the long run you're going to end up losing a lot of money. Obviously it's gonna like when you're talking about many, many years there's gonna be downturns. But if you're talking if your question is, where am I comfortable putting my money for decades? Microsoft's the top tier option in my opinion top tier.

Maybe you agree, maybe you disagree, but I think if you disagree you should try putting your your money where your mouth is because I don't think it's going to end well for you. Uh, gonna get blown out on your third trade? I Don't know, maybe possibly so I Know from back testing this strategy it has about a 42 hit rate. So it it's actually not as good as flipping a coin. It's less than flipping a coin I Believe it's around 40 so every two out of five trades it should be hitting is the like How this works out.

Obviously the way it's profitable or theoretically should be possible to be profitable is the wins are gonna be bigger than the losses by like a noteworthy degree. Um, so that's how it works I mean after doing back testing on this and a lot of moving around and switching and this and that and the other thing I Know it has about a 40 hit rate. So 4 out of ten trades, two out of five trades, this should be profitable thus far. This morning it's traded twice and it is zero zilch goose egg right now.

missed. and it missed. um and then. so obviously that's zero percent, but obviously that's also not the largest like data set.

Um, if this one hits, we're up to 33 percent, which is roughly honing in on where the percentage is that. I expect it to be on the day. Uh, why do you have Walmart up there? Yeah, Walmart had earnings. That's exactly why I have it up.

Obviously it is a very influential company in the world of like the Coomer Consumer Staples Consumer defensive it it did well. I mean it's up a buck right now, but we could put up something else. it's really not the highest flyer Nvidia having a decent day uh Tesla coming down I feel feel bad for Steve Steve's getting murked right now uh rum trying to climb back. going green was the only green thing on my watch list yesterday.

Amazon not doing much Meta had a nice pop this morning. uh, trying to recapture 300 currently at 295. Netflix Looking unhealthy Nvidia Tesla Microsoft Microsoft Not looking the best apple taking it down to 175. Not long ago, this thing was cooking around 195 198 but now getting hit, getting hit.

Uh uh, where is Biden social? um I don't think he has one did you guys see that? Um, there was like kind of an awkward. the the press secretary, the lady with three names all as one name. uh, she tweeted something and then you could tell that it was just like it was just the definitive proof. Like before this, we were 99 sure Biden doesn't tweet his own tweets and now we are 100 sure because she tweeted something as if it was Biden except she posted it on the wrong account or whoever handles it posted it on the wrong account and yeah, huge embarrassment.

Uh hey, would you like to watch Amazing Content Well lucky son, just because you're Shilling something stupid I'm gonna kick you from here. Mute uh uh, manage mute for this live stream. All right, someone's trying to show something. oh brother.

Hey I made money I made I did I made the monies I made the Monies All right. So we are basically back even before commissions. So considering when you include commissions, I'm now down eight dollars on the day the owl goes down, eight dollars on the day rejected. Wait a minute something I'm confused.

Um, so it should be Break Even But with commissions, it's down eight bucks on the day. so we're basically back to break even right now. So uh, that was the third trade. So we have a miss, a miss, and a hit A miss.

a miss and a hit. And that's how this strategy has done thus far today. so slightly underwater, slightly underwater. and here I can show you guys how it's all looking how it looks from the Mainframe So basically lost this morning.

lost the second time this morning and then this third one took a nice win. Uh, and then this is what it looks like when you're running some Algo trading on tradestation. Just looks crazy. like all these pending orders they come in, they go out.

it just looks I mean if you want to see how it looked yesterday. so this morning looks a little calm, but it's going to end up looking the way yesterday did here. I'll make this bigger so you can see it, it's going to end up looking like this. So this was the craziness of yesterday yesterday.

Uh, with all this, all of this work, all this Insanity it actually was not profitable unfortunately. I think I lost about 550 but hey, that's the pain. I'm trying to get a system working and yeah, there is a proper way to do this. You should test it.

iterate, iterate, paper count paper count. Run it forward for a month. Two months, Three months. get some like, um, out of sample testing and you could do that.

That's the right way to do it, but that's not fun to me. It's much more fun for me to have some you know, half-baked idea and then just put real money behind it because uh, I'm an Entertainer and that's what entertainers do. So thus far, a miss, a miss and a hit. and basically Break Even But technically down eight dollars because of commissions.

That's where we're at with the robot trading slaves. Football about to hit Vengeance that weekend I Don't know what you're talking about, but I had to do two drafts last night. How do you see your teams? Uh, fantasy Fantasy: One of the people in here which will go unnamed was trying to talk me and then I looked at the difference in our teams and my team is so much better. Like comically better dude.

look how stacked this is. one of my two teams stacked burrow Jacobs Harris Hill Adams I Don't statistically I Think it's impossible for me to lose this league. they I was drafting against people who I assume have never used a computer in their life. It was me playing against newborn kittens burrow.

Jacobs Harris Hill at how do I lose? How do I Like The only way this happens is if burro Jacobs Harris Hill and Adams all decide to be like. you know what guys? Uh, we're just gonna quit football. We're just gonna end up quitting football like they just go to an island and they're like nah we're not ever gonna play. That would be the only way this loses and then the other team let me see the other team here.

uh I have burrow in that League Jacobs Pierce Adams uh Watson so this league it's it's gonna be a little bit more of a difficult league for sure. I'm not too happy with my running backs but honestly I'm not even in love with my like wide receivers either. like I don't this? This is going to be a tough league but I think I have a lot of like decent players so like I'm hoping in aggregate it adds up but I I just don't have any like Lights out player you said Watson's gonna suck I don't really know much about Watson This was a deep pick for me in both leagues. uh at least I have Devonte Adams and Jacobs Devonte Adams like I just don't have like a star like I don't have like a stud in a running back or wide receiver for this league the way I did in the other league so we'll have to see how it goes.

but I'm excited. It's always fun, always fun, always fun. Uh did you guys sub to this? Sub Sub sub somebody? Sub sub 36 So we need 64 more people folks there's 64 of you in here right now. Just if you want your gold stars back, do it right there.

64 of you we have. How many people do we have watching right now? We have 3 000 people watching. 3 000 people watching. Just just hit the little button.

go Bing little Bing and then turn your notifications on. Easy peasy Lemon Squeezies Where are we at? All right markets bouncing a little bit. The cues are below their low from yesterday. That's never really a good sign unless we see a very Swift and quick recovery.

The cues might be heading down to 360 flat I Just see some support some support a breakdown recovery I'd be watching 360 but also 362 is kind of a different level. Support Support: Um, these it Wick below Wick below. So 362 followed by 360 is where I'd be watching. but we did go below yesterday's low and we're below last week.

slow as well. Typically a bearish development in terms of the Spy The Spy is holding on a bit stronger, most likely because of these other sectors. Let's see what's been going on. Energy making a comeback, Energy making a bit of a pop.

Financials not looking the best utilities coming back a little bit industrial is really not doing anything Healthcare actually kind of getting hit. Then we have technology getting hit so the cues are underperforming on a relative basis, so the tech sector a little bit weaker. but I don't know it's coming down to energy and financial. So if energy keeps popping I mean we oil is holding 80 a barrel.

So definitely something to consider. Something to consider. How is DraftKings doing? Ever since the pen thing in the oh DraftKings got hit, how's Penn doing Penn is now getting hit. pen got popped a little bit.

but okay. interesting meta. How's Meta doing here? Let's go to the three minute. on all of this, let's go to the three minute.

The queues might be saving themselves at the intraday low I Have no idea if this is going to be bullish or bearish. I Mean we could look at it. The market internals are looking a little bit bullish. the EMAs are looking down so a bit of a mixed bag.

Let me check out some other internals for you. Uh, bullish bullish. Okay So Market internals today are favoring the Bulls favoring the Bulls Boom brother. All right, the robot.

I'm not saying that the robot's good, but just so you know, the robot just went long. The robot oh brother and never mind it said that. Well, this is I want a refund? All right. So we just lost a miss, a miss, a hit, and now a miss.

So thus far we are one for four. 25 hit rate and we are down by one unit. Today we were down by one unit. Um, yeah, down by one unit, One unit, one unit.

Uh, like I said, I'm expecting about 35 trades today. about 35 trades would be my expectation. It could theoretically trade up to 78 times today. That's not gonna happen.

The average day is about 35 trades. It should hit with about a 40 accuracy. So for those of you doing some quick math at home, that should be anywhere about like 12 to 15 winning trades today is like what I'm expecting, which would obviously mean about 20 losses. So obviously the law of large numbers, the more it comes in, uh, over multiple days, it's going to get more accurate clearly.

Uh, so we're gonna see how it plays out, but my base expectation is about 12 to 15 wins Today, 35 total trades. So about roughly about 20 losses, maybe up to 23 losses is kind of what I'm looking for today. If things are like mathematically perfect, that's how it would play out and then if it does play out that way, my net gains should be about. Let me do some quick math.

Let me do some quick math If it. if I have 15 winning trades and then if I have 15, if I have that would be about a profit of five hundred dollars roughly. If it plays out the way I expect it to the the point of this that like I want to get across is the mindset of this strategy is much more like the casino at Blackjack Blackjack The house has a slight Edge and you realize that edge over many many games of blackjack being played. This isn't a thing where you're like.

this isn't like a sniper setup where you have like a 90 accuracy and you're making money. Making money making money. this is much closer to 50 50. in fact, the accuracy for me to win is around 40.

But I need the law of large numbers to come into effect to really see that P L start to grow and grow and grow. That's what this is all about. So the best analogy I can explain it with is Blackjack where they have a slight Edge I think about a one to two percent Edge I Think it's a two percent Edge in blackjack. And there's certain days certain weeks, certain months where casinos don't realize that like they could actually be down on the day, the week, the month.

But as more and more data sets come in as more and more people play hands of black check, it ends up being profitable. So that's what I'm looking for this to be Matt just reverse your algo I Don't think that'd be smart I think once again, over the law of large numbers, that would end up losing me money. It's not. Uh I Don't care about one particular trade.

The way the casino doesn't care about one particular hand of blackjack, you care about it in a series of numbers I care about the system I Don't care about an individual trade Um I Actually think that's the ultimate way to engage in the market. You should never be like, like betting the farm on one individual trade. Uh, I'm very consistent I make the wrong trade about 90 of the time so just whatever you do e