Foreign, foreign, foreign welcome. Welcome back to the bancorps show! Today is what: Wednesday July 5th I Hope you're still rocking your red, white and blue in celebration of the Earth being born I suppose because as Ron Swanson would say, everything before 1776 uh, doesn't really count A little bit of a mistake. Uh, an error occurred am I streaming right now I'm seeing that an error occurred. Can you see me? Can you hear me? Did everyone have a phenomenal, phenomenal break? A little bit of a short in trading week Market closed yesterday obviously an observation of July 4th half day before that so low liquidity.

people weren't really trading anyway. so a shortened week and I hope you're ready I hope you had a lot of fun I hope you're being somewhat safe and even if you weren't I Hope you're all good right now I Hope you enjoyed the break and I hope you are ready to kind of crush the short in trading week we had ahead of us. So some things to go over in terms of the overall market: Today at 2PM we are getting the Fomc meeting minutes on Friday We're getting the unemployment report on Thursday We're going to be getting the normal initial jobless claims. Uh, in terms of individual companies, we're seeing a lot of movement in the world of EV You're getting really good delivery and production numbers from the likes of Tesla and Rivian, so they were ripping.

I Don't know if it's going to be enough to keep this Market going. You guys have been listening to me for a bit now kind of on the train of saying wow, things are overvalued I Do think we get a legitimate pullback I don't know what's gonna when it's gonna be could be today. the Market's already looking pretty weak I'm very very happy I got out of all of my position last week. If you guys saw the Friday stream, it was crazy locking in tens of thousands of dollars.

uh, it went over 50 I forget the exact number off the top of my head. uh, but I had a bunch of degenerate calls, closed it all out and I'm feeling very fortunate I did just because the mark like I'd be. so I'd all my money would be given back at this point. Uh, so very very happy it worked out the way it did I feel uh obviously I'm not gonna bottom tape and top ticket but I got close to it and hey, as long as you get in the meat of the move, that's what you should be going after.

So I want to talk about the overall? Market I Want to talk about some individual Equity News We have an update potentially related to rumbles, so shout out to everyone watching on Rumble Right now, there is going to be a big announcement in the world of streaming today related to kind of like an OG streamer potentially going to rumble. but obviously we'll be deciding between YouTube Twitch Kick and Rumble so we're going to get into that as a little interesting. Side Story A little bit of a weather update I Guess we're officially underway with El Nino so I want to talk about that and then really I guess for today and probably for the tone in the rest of this week it seems like that major thing is is this fomc minute meeting, meeting minutes but also more of okay the FED How hawkish are they going to be? Is the market calling the bluff? Are they even really bluffing? So a lot to get in there. but before we all do that, I Wanted to once again wish everyone in here a happy fourth I Hope you're crushing it I hope you guys are you know feeling a little patriotic and I hope you're ready to crush it in the market.

Did anyone get up 10 anything particularly fun over the weekend? I'm in New York As many of you know, the weather was not ideal at all. like at all at all, which was a bit of a bummer. so pretty rainy, pity crappy. so I ended up really actually just working I wasn't streaming but just doing some all the back end stuff.

so I unfortunately don't have any crazy crazy stories to share with all of you but I do was it on? Sunday on Sunday I went to So I grew up in the middle of nowhere. When you grow up in the middle of nowhere. it's very common that you have a lack of high quality Cuisine and then I went to Penn State for school Penn State also lack of quality Cuisine And then my first real job after college was in New Or Not in New York excuse me in DC and then from DC I went to New York What was interesting about DC and I Actually think it's pretty underrated. There is the food scene and then obviously New York It's appropriately related because there's some of the best food you could get in the world.

So anyway, ever since I really got my first job I've always been interested in trying new food. this high quality stuff, blah blah blah. One of my favorite things that's been going down here in New York and I'm sure there's some people in here who are far more informed about it and far more knowledgeable and far more of a foodie than I am. I'm I'm not a foodie at all I Just enjoy good food.

Why not? We went to in Omakase place like where you have the highly trained sushi chef make you some fancy like you try all these individual ones and they tell you all about it and they're like cooking it in front of you and making it in front of you. and they have this like little fire gun for the ones that they need to heat up. It's so cool. So so cool.

so for any of you who particularly like seafood, I'm telling you I'm telling you, you gotta try yourself in Omakase I mean there's of course, like any food in this world, it could get insanely expensive. but in New York there's a lot a lot of reasonable ones and those have been the ones I've been personally trying out lately. Uh, huge fan. Huge huge fan.

try Peruvian Food um I actually have been to Peru so we definitely we had kind of The Real McCoy when we went down there this was back Circa 2017. I did the hike. uh tomato. Pichu it's like a four day three night hike or I guess you could also just take a bus and show up there.

but we chose to do it the difficult way and do the whole hike and it took many days. And what they don't tell you about Peru is that it's very high in evolution elevation. excuse me? I guess I haven't had enough coffee today. Very high in elevation and when you have something so high in elevation means that you're not breathing the best lower oxygen.

Didn't really give our time our body like any time to get used to the environment and then we went on this like hardcore, very difficult hike and that definitely brings on some serious flu-like symptoms. Uh, no idea. Uh, no sleeping stream tonight. No.

I don't know if I'm gonna make as much money as amaranth. Unfortunately, not going to be making as much money as amaranth that video I Thought about that way more than I would like to admit over this past weekend of people making what ten to fifteen thousand dollars per sleeping stream getting paid to sleep are you like getting what was it? two million dollars a month just from sleeping streams? I mean I know not many people in the world. In fact, she might be the only person making that kind of money on a sleeping stream, so it's literally like very rare. obviously one within 8 billion.

but still, the fact that even one person is pulling that off absolutely blows my mind. Absolutely blows my mind. Um I I just don't get it. I don't that's so much money and they're just sleep like what? what are people like hoping happens like I I Don't get it.

It's like such a such a weird simp thing for me. Speaking of like a simp thing. I don't know if you guys did you see all the Atom 22 stuff that came off from the No Jumper podcast. uh I don't really listen to it that often, but I study it more as a business thing because it is a highly successful podcast and then I don't really know if I could say most of it I know I could say it on Rumble But on YouTube some of the things that came out about him and his wife and her exploits over the weekend were absolutely crazy.

But honestly to me I feel like it's all a marketing Ploy I don't think I'm buying it like if you guys know the situation. uh I think it's all a master marketing I think they took a marketing chapter out of Kris Jenner's book. uh Port noise book like To me it's like a master master to your marketing thing going on. Um, never thought I'd see the day when you're talking about Adam 22.

I mean in the world of podcasting and streaming I follow them all just because I enjoy learning about the business and he's arguably very, very successful. Very very successful. Uh I Not necessarily saying uh, he like am in an agreement with some of the things he said and done in the past. but like I mean when you're doing what my job is you, you kind of have to study all these other people because like the dude does, make serious money.

But the stories I mean if you don't know what I'm talking about, just give it a quick search on Twitter and your mind will be blown if you don't know what I'm talking about. Whenever you think the story is right now, multiply it by 10 and that's how crazy the story actually is. Like it's absolutely wild and it's definitely a not safe for work thing. So make sure you're don't do it at work.

don't do it when there's kids around. um it's going to be it. Wait till Matt becomes a destiny Orbiter I don't know what a destiny Orbiter is I know Destiny the guy who I I mean he's on Rumble he's on Kick he's on YouTube I was actually watching a clip from him right before I started this today I think he was talking about the affirmative action thing. uh but he just kind of comments on anything that's going on in the world I believe but uh, once again it's just people you can learn from I mean if you like people or not, they're still business success.

and I'm not saying you have to copy them all the time, but like you could learn lessons from them. why would you not? Why would you not at all? I mean seems pretty evident to me Matt do you played poker over the holiday I didn't I want to play poker more but honestly I always feel guilty like all these things like if I want to play video games if I want to play poker if I want to like, just do whatever I Always feel guilty because there's always things to do for my content for my stream and my videos and my interviews. So basically I never really enjoy it because I always know that there's a laundry list of things like every single day I like wanted just these like these things that the daily, whatever planners and on any given day like, it's split up obviously every single day of the week on any given day, my to-do list is a laundry list of things that need to get taken care of and I rarely get to it and if I have any bit of free time I end up just trying to go to the gym so I can stop being a bag of mayonnaise walking around in New York um I really like poker though I mean I like all that stuff, it's so much fun I really really enjoy it I just I find that it's less in enjoyable when you're stressed about everything else going on I want to stream the part where I suddenly get Oh Thomas you're trying to make me read something that I can but hey folks I Hope everyone had a fantastic holiday weekend I hope you enjoyed the extra long break from the market I Do want to talk about it because I'm getting the sneaky suspicion that maybe maybe maybe maybe Maybelline things are starting to turn around a little bit as of now if you watch the stream from Friday you know I have no active positions obviously I have my investments, but in terms of active calls puts anything on in the features Market at this moment in time I am completely flat I took all my money on Friday I Wanted to enjoy the weekend as much as I could. uh, and now we're going to be returning.

We're going to be returning. Matt Your interview with Sunny was great! Thank you so much for introducing us to her! Sunny is awesome and actually that's going to be a part of today's stream if you guys have not seen my interview with Sunny Harris she is a veteran OG Trader She's been training for 42 years. 40 over 42 years have been profitable. She invented her own indicator and we're actually going to be using her indicator on stream today.

I haven't used it before. This is the like I got it after doing the interview with her and I think I understand some optimal ways to use it. but today will be day one if you guys have not seen my interview with her, she's a true market trading veteran mathematician who just basically is destroying the market with her math ability. the it's in the description of the video on both Rumble and YouTube Uh.

Once again, or if you could search Mac core's Sunny hairs, it'll pop up. but once again in the description of the video uh on both Rumble and on YouTube it's been up since Monday I Highly, highly, highly recommend you check it out. it's about 30 minutes long. Uh, you're gonna enjoy it I mean she she gave some golden golden nuggets of knowledge.

so I'll send you guys the link later. but make sure you check that out and on Rumble it's on the normal Channel on YouTube it's on that sub new like Evergreen Interview Channel type of a thing uh I bought a five pound bag of garlic powder Evil I'm super happy for you Question: uh merge? Why don't you have Teespring linked to sell two merch here on YouTube I Don't know I just don't I mean the merch website's up but we just don't really push it anymore. Did you do your Voyager update on what you could do as of now what is coming? Um I didn't make an update video I took my money out of Voyager If you have money at a voyager, you probably have like 20 days left that you could send it to your own wallet and that's exactly what I did I believe it has to be over a certain amount and if it's under whatever that amount is, they are going to convert it to Usdc. But my main Holdings on Voyager I.E my Bitcoin and my ethereum I did send out Um, from the point that my Voyager was frozen because of the blow up with three AC to what I actually got I got about a third and if that amount that I got really related to what the actual high water mark was was about a 90 dip.

so uh, it was pretty brutal. It actually does not make me feel good at all to be thinking about at all. like at all at all. Uh, it's actually super super sad.

and I don't really want to talk about it too much, but I do want to let you know if you're on Voyager if you had money on Voyager you are currently in that window where you could go into your Voyager account and send the crypto out. and obviously the company itself is highly recommending that you do so. So check that out. If you are unfortunately, like me, tied up in the Voyager debacle, you're going to want to log into the app and like review all your options and see what you can do or can't do.

but I I sent mine out I only have a minuscule amount left on Voyager like the Holdings that were under the threshold to even be able to transfer it out. So I'm I'm like 99 out 95 out. Um, okay. with all that being said, let's turn it over to the market a little bit, trying to get our footing for not only the day, the week.

I Want to talk about seasonality? I Want to talk about what's going on with the FED Big updates with Tesla and Rivien and all that good stuff. But before we do it here, let me drop a poll. Start a poll. Start a poll.

Start a poll market today. All right, let's see if you guys are bullish or bearish and obviously if you're on Rumble I just need your comment. they don't have polling yet. but I am being told that type of stuff will be rolling out somewhat shortly, which is kind of exciting.

So where's everyone at today? Bullish Bearish? Somewhere in between? Where is everyone at? Where's everyone at Fed Minutes today? So Market will be soft looking for short opportunities? Yeah, Fomc meeting minutes comes out at 2PM That doesn't mean it's a new Fomc meeting. it means it's all the things that were said and discussed at the last Fomc meeting. They come out today. Uh, and most of the time this is an event that everyone just skips and they're like, okay, we don't really care about that, but ever since the start of 2021 no start of 2022, we realized that they kind of sneak some important information in there.

Uh, definitely sneak some important information in there. So check all that out. Check all that out. So 54 of you are bearish.

52 percent of you. You guys are pretty much 50 50 today. I Guess you guys weren't 51. Now you're almost perfectly 50 50.

I Guess no one's feeling that strong one way or the other. Well, time will tell. So here's a quick look at where we're at. Obviously a bit of a gap down.

we closed out. remember Monday was a half trading day so on Monday around 1 pm we closed out at 4 43 79 Opening up today, two dollars lighter 441.86 as of now. so the Spy taking a bit of a pre-market hit the queues. not so much, it's down, just not as much.

Tesla Little flat here 278 but had actually a huge pop because of the solid delivery numbers that I just have up in video because I was looking at it Netflix has been on a good one I mean Apple is all is above 190 now just like crazy crazy things going on. So here's what you need to know: a little bit of prep work before that Bell goes dingy ding ding ding today. Hey, before we get into this folks, help me out. Destroy the like button and don't forget to subscribe.

Liking really helps out with the battle Leaderboard on Rumble and helps out with the algorithm on YouTube And obviously if you're watching this, if you like talking about stocks options Futures day trading, degeneracy, breaking news and my I don't know diet habits and why I'm a little fatty uh this is the place for you to be. So don't forget to subscribe. Drop a like, drop a subscribe. Thank you thank you thank you.

Much appreciate it. Stock futures fall as investors await Fed meeting minutes. That's the major thing of the day. But before we get so specific, let's take a step back.

El Nino has officially begun says phenomena likely to threaten lives break temperature records the UN weather Agency on Tuesday declared the onset of the major climate phenomena. Warning it return paves the way for likely spike in global temperatures and extreme weather conditions. Early warnings and anticipatory action of extreme weather events associated with the major climate phenomena are vital to save lives and livelihoods. The war machine on Record 2016 started off with a powerful El Nino that helped to boost global temperatures.

So obviously you should know this just in general, it sounds like it's going to be a little bit more hot. But beyond it, these types of things can have serious impacts on massive Global Industries So uh, maybe we'll save this for after the Market opens, but you can clearly see market trends during the El Nino phenomena. So I'm not just going over this because hey, we're pivoting to being a Weather Channel I'm covering it because there's actually strong seasonal trades when this appears to be happening. So uh, give it a quick Google search, give it a quick bit of research.

there are active things we could trade off of with it. Yellen China Visit seeks to usher in more talks amid tensions yelling to participate in meetings in Beijing on July 6th to the 9th starting Tomorrow trip comes amid persisting fight on trade key: Technologies Kind of centering around the world of semiconductors just because of what's going on with Nvidia and AMD and U.S Sanctions saying Hey give them our lower tier ones and then on top of that they're actually saying don't give them any And then from there obviously things are getting a little bit more more wild with Taiwan not only on the business front, but more so on the politic cultural Freedom front. So that's all wild and it's something that you have to pay attention to. Another thing I want to say about China Part of the reason the Market's gapping down right now was some of their numbers that came out when we were sleeping.

We're a little bit weak I believe, particularly in their services industry, but we're definitely seeing a bit of a economic retraction in Asia Specifically, China Japan's actually their Market's doing really well if you look at the Nike. We're not technically at the all-time high from three decades ago, but we were getting very, very close. Also worthwhile to note that the German Dax like their Major Market also performing very, very well. You wish Treasury Secretary Janet Yellen visits China this week with the goal of finding areas of common economic ground and opening communication channels amid an increasingly turbulent relationship between the world's two biggest economies.

It will be the first major test of a policy she outlined in April that's geared toward defending the and securing U.S national security without trying to hold China back economically. So we're gonna see I mean obviously I'm not the biggest fan of her. If you've listened to me talk about this little Gremlin character at all, you know I'm not a fan of her, but still I mean I hope she's successful I hope her, trip is fruitful because it's going to impact all of us. And like I'm not going to be here rooting against you and rooting against me.

Uh, obviously we have our own self-interest on the line. So I very much hope she pulls this off just for everyone, especially in the global economy. So I'm sure there's going to be update I Just want to throw that out there because obviously from basically tomorrow for the remainder of the week we might be getting random headlines about this that could obviously be pretty impactful. so just something to keep in mind.

but more specific today fed minutes, fed minutes to offer hints on Awkward quote, unquote, pause and Hike message. So why they're the calling this awkward is because because of their Sap the summary of economic projections, the FED members basically said hey, we think we're going up another 50 bips before the end of this year we're trying to bring the unemployment rate up by one full percentage point. So basically it was all pretty hawkish, but even though they sounded hawkish, they're like but also we're going to pause this time around referring to obviously the June Fomc decision. So very interesting.

That's why it's awkward posturing, as if they're super hawkish, but then actually not doing anything in the last meeting to pull it off. So a little strange. But anyway, that's why a lot of people are particularly interested in this Fomc meeting, which will be coming out to do at 2PM today minutes of the Fed's June Fomc meeting 2 pm ET today. So don't be surprised if there's the jolt in the market around that time because of the release.

Let's start there just given the fact that we've seen Bond markets are breaking out starting in the month of June Is there further more in this sell-off and overall is there a concern now that central banks across G10 are overdoing it in terms of tightening? Sure. First of all, we believe that the Federal Reserve will only hike one more time as opposed to the Dot Plot Back in their June meeting showing two more points, two more hikes, this guy looks like he would be the head of fixed income. I Think this is going to be the case is because the FED actually has an incentive to tell the market they that they are not overly. You know they focus on the inflation problem and they want to sound hawkish, but it's not the case after all.

The factor: the overnight license rate minus the CPI now is already showing a real interest rate of one percent and that is actually restrictive enough to bring inflation back down to the inflation. Target We believe the fat will you know maintain that is very good inflation fighting credibility and on the other hand on the treasury yield. Actually from the current level 3.85 we do not think that you will go all the way up to four percent plus because asset owners indeed in this region they are very interested to add on to the treasury. Holdings and also to the U.S Investment grade: Market because uh, on a you know, 5.6 percent or an audio basis.

Actually, it is a very good as risk adjusted return for this single a credit. Okay now Gordon would you go down the the credit? Spectrum Then um and and they'll go further up in terms of of duration and that's a little bit better because I Fear that you guys are just going to be making too many jokes at that interviewees expense when in reality what's going on is obviously important. So I Have some concerns because the last time Jerome Powell the chairman of the Fed was speaking was right after the Fomc decision whatever day that came out mid-june and then his follow-up talks after that were actually he said two or more rate hikes, which is obviously crazy hawkish and it makes the whole thing a bit more awkward when they chose to still pause. If two more rate hikes most likely of 25 bips each is the base case.

Whoa. Um, Interesting. interesting telegraphing of what is or isn't going on. so that's obviously super strange.

so this is all a roundabout way to say yes, Waiting to see what comes out at 2PM today to see if there's any more information in the Fomc meeting minutes that wasn't in the overall decision or what? Jerome Powell or the other Fed members have said from then all the way up till now. But remember all the information in the Fomc meaning minutes. It's a snapshot of what they were thinking exactly then. So, roughly two to three weeks ago, not technically what they're thinking right now.

Just an important thing for all of us to remember. Now for me personally, obviously as a person who has had decades and decades and Decades of experience looking at macro economic models and living through all this like just time and time again and obviously being an expert as you can tell from all the different pedigrees on my wall for me, I Think the market is overvalued I Think Fundamentally, the market is clearly overvalued. This has been my big speech for the past month. Now, just because it's overvalued, doesn't mean it's going to correct today.

The market can remain illogical, longer than any of us can remain solvent if you want to ask me. But Matt when will it finally come down? It comes down the day after your puts expire. That's when the market finally comes to the level it should be trading at the day after you get your teeth kicked in. So if you want to speed things up, well, okay, do it for today.

and then it's going to finally do what it should tomorrow. If you want to drag this out a little bit longer, make your play for a month out and once again, a month and a day is when it's going to finally do what it should be doing. So that's one major lesson I've learned from the market is it does exactly what you predicted the day afterwards. Markets are hopeful that today's release of the FED minutes can provide clearly on a Federal Reserve that refrain from Raising interest rates at the last meeting, but intends to raise them two or more times.

Let's see how it all goes. Let's see what Steve has to say from the June meeting. you're going to be released this afternoon. Wow! And the markets will get several key pieces of data on labor leading up to Friday's employment report.

Wait a minute, there's an employment report this Friday this Friday yeah. unemployment report comes out Friday First Friday Yeah, there has to be because we're we're well, it's always the first. Friday Let's get to Steve Policeman with more I thought they'd take you Steve I'm talking to you. what's going on? Yeah, no, no, you're right.

Joe there isn't a plan. Report this Friday and we've got the minutes this afternoon. Marcus Hoping the FED can shed some light on a Fed that didn't hike at the last meeting, but wants to hike two more times at least in the forecast. And they're looking for a Friday jobs report that they keep believing is going to slow down, but just won't kit.

Futures Markets have almost fully priced in that 25 base Point hike in July with an 83 probability Traders have raised the chance of a second but still below 50 shows they remain skeptical on average now. two-thirds of the Fom I mean it has the pop-up the second height. The secondary hope that the minutes can provide some clarity on just how are they or if there's a sense that they can be dissuaded. A slowing jobs Market could help the case.

Here's the forecast Once again, as economists see, payroll gains slowing to a still high level of 240 000 from 339 in May But the unemployment rate dipping the three six from three seven high frequency data from the HR software company Ukg sees strength again in hiring with a 0.4 monthly gain down from one percent in May but still correlating that number does to an above Trend job growth number and investors have to keep this in mind. Wall Street Forecasts have consistently undershot the reality of the strong Jobs Market We did some research over the holiday. The jobs consent has been below the government support for 13 straight months Prime average of 111 000. Wall Street is forecast 2.6 million fewer jobs than were actually created.

Maybe June is the month the market finally weakens as expected, but the Fed's forecast for two more hikes says they may not believe they've done enough yet to cool the hot job market Joe Back to you Joe So you get the idea uh, very quickly UPS uh having a bit of an issue the last time I saw it was down more than one percent Teamster says UPS walks away from negotiations, raising chances of strikes so not so good for UPS Positive news Tesla Shares rise nearly seven percent after delivering production numbers beat expectation. this was the big news on Monday So Tesla just ripping off the faces of the Bears similar Rivim. Rivian shares surge as second quarter EV deliveries top estimates. So right now Rivian Tesla certain sub sector of the EV world doing pretty good and doing pretty good for good reason.

that's why the stocks are up. So for today, the major thing that's coming out is the Fomc meeting minutes that's at 2PM the New York Fed president Williams an influential Fed member will be speaking at 4 pm. Factory orders comes out at 10 A.M In terms of seasonality today, pretty much neutral. There was a bit of a bearish trend, but then over the past three, four, five years, it's gotten a bit more bullish.

The Bulls have won this day 56 percent of the time, the profit Factor slightly below one. This is the equity curve of Binet open selling at close with the Futures market. For the S P 500, it's pretty much neutral, but it does go to a bullish. Trend uh starting either tomorrow or the day after.

I'll show you all that. We'll do it. live now. I Do want to take a step out and just remind you seasonally.

The S P 500 strongly favors the Bulls. Pretty much the entire month on a seasonal perspective favors the Bulls. That doesn't mean it always favors the Bulls, but just if you took this bet every single July, it would pay to be bullish. Not saying every single July but most July's there is a nice bullish push.

To the upside, five things to know. Before that Bell goes Dignity Ding Ding Ding today. and in fact I'll read this off to you as you actually can see the market open. So here let me get this up.

Let's go to the one minute and just see the craziness you guys all know I'm going to be reading those first 10 15 20 minutes before I do anything I am currently flat. Dingy Ding Ding Ding! The casino is open. Best of luck to all. Play responsibly if not have fun.

All right the five things you should know before the bell went: Dignity Ding Ding Ding! So we're about a minute late back to work. Obviously, you know, short in trading week ethelmc meeting minutes today. Uh, we're gonna get the unemployment report on Friday The start of a new week. A new month.

A new quarter. Uh, we're gonna be heading into earnings season in a couple weeks. We're gonna have another uh fomc decision. um fireworks Fireworks Fireworks fireworks.

UPS Talks Breakdown: Sounds like they are going on the way to their negotiations. um break like it seems like they're basically going to end up striking. Uh, bummer. Box Office: Indiana Jones and the dial of Destiny Couldn't dig up enough box office gold for Disney Disney's been on a huge losing streak lately.

Uh, so that's a little bit concerning. Twitter Blames the Bots a little bit of Twitter drama over the weekend. something about limiting how many posts you could read and people at first just kind of reacted to the fact that like dude, don't limit how many I'm allowed to read uh, not realizing that you would be be on it all day to even hit that amount. and it seemed to be a fight against the Bots But the way it was presented to the world, there was a lot of negative backlash.

um and it seemed like a bot fight. but people just saying they're like hey, basically don't tell me how many things I'm allowed to read in a day so a little wild there and then fresh nuclear concerns so that involves obviously Ukraine Russia us the globe. So that situation over there is still very, very tense to say the least. So that's allegedly what the media thinks you should be knowing for the day.

Now with that Bell Going dignity ding ding ding. obviously. First opening couple minutes here. pretty strong across the board.

More on this and I Do want to get your thoughts on what charts you want to look at and the major movers, but shout out to today's stream sponsor: I'm talking about Streepy! You guys have enjoyed Street Beat so much they now gave us a page they gave The Goonies They gave the Moon Gang their own page here on Street Beat. If you want to check it out, it is pinned to the top of chat. it is in the description of the video and they've been making some big changes. So if you want to try out Street yes you can buy and sell stock the way you normally would.

but on top of it, you can create your own trading strategies and you could try that out for one month for free by just using the code map. so no risk to you. it's free to download. Try it out for one month for free by using the code Matt M-a-t-t I Think you guys can remember those four letters.

So once again, download the app. It's good for your iPhone It's good for your Android Uh, free to download. use the code map. it's on the very first page when you sign up.

But the big big announcement big big announcement is you can now connect. Let's just say you're like well hang on I already have my money on whatever like Robin Hood Weeble You can actually now connect those to Street Beats. So if you want to keep using those other brokerages but you want to use a street Beat strategy, you can do it. So now they do have an official partnership where if you have a pile of money in a different brokerage but you're like whoa I want to try out these Street beach strategies? You can do it now, so check it out! That's the biggest announcement to kind of get rocking with their AI training co-pilots I Want to see if the official list so you could get one month for free? Um but anyway, uh there is a full list of Brokers and I know we're all on different ones.

so I don't want to like misspeak here. but most likely the major Brokers you're on are going to be partnered up with them. So once again, the money you have in other brokerages If you want to use some of these Street feed strategies they you now have access to do it. Unfortunately it doesn't work if you've already made a Street Beat account and you're already trading on it.

But if you want to do the connection now if you're like, well hang on I Want things to be a little bit easier? This is the time for you to do it. So shout out to Streetpeat for sponsoring today's stream pin to the top of chat. just download the app if you want and put in that code. Matt For one month free and on that note, oh boy oh boy oh boy.

what kind of day you guys were 50 50. Oh actually the Bulls pulled ahead by one percent 51 to 49. uh, um, pull the head. pulled ahead so we had 600 votes.

51 of you said bullish? 48 of you said bearish uh, doesn't work on Robinhood I believe that is one of the partners I mean it's right in the app when you download it. um uh, like there's so many Brokers out there I just don't want to give uh, like a an erroneous list and if I had a guess I would assume that they're working on adding more and more to it. and to me that's just smart. Honestly what I was really excited about is I know some of these companies like Robin Hood you can pay x amount for more leverage like for more whatever for more Capital uh like that's what? like Robin Hood gold but I know a lot of brokerages have their own programs where you can get more margin and I was like well hang on if I could get more margin and then connect it to street beat I Feel like I could leverage up the strategies that I like because some of the strategies we've made here are absolutely crushing it.

So I feel like I could leverage it up I feel like there's an interesting way to do even better now in this scenario. So uh, I'm gonna mess around with it and see what I can or can't pull off. Uh, because as of right now, straight B doesn't offer that type of extra leverage the way other brokerages do. but now some of those brokerages are connected to Street Pete And then you have a strategy on streetpeat that you really like.

You can use the leverage from another brokerage, but with the street beat strategy, does that make sense? Are you guys following what I'm saying? Uh, one is Fomc. Fomc is Not today. Fomc meeting minutes come out, but that's wildly different than an Fomc meeting. We're just getting the full detailed notes and everything that was discussed and everything like that.

it from the last Fomc meeting in June we're getting the notes from it today. Uh, but we're not. There's not another Fomc meeting today. Uh, those are somewhat related things, but still very, very different.

Very, very different. Um I have 444 spy push July 14th if it keeps going I'm gonna have to have a little more Skipper money for the Dominican Republic Can you help me out with a magnet? We're gonna do it. We'll definitely get some magnets out for you I Was just trying to be less feisty with the market today and I was trying to let it open it up. You know, like let it get to like 9 45 before we do something like that.

But uh Mr cheat Clapper three one, two More than happy to help you out. More than happy? Are you the AMC guy? I Used to talk about AMC when there was interest in it, but there's just not really interest anymore. So I don't really discuss it I still own my AMC stock, but it's just not really anything that interests me or most of the audience anymore. That wave just kind of died like died out this street beat work in the UK I believe.

So it definitely works in most of the countries in Europe But I don't have all the individual countries memorized uh, but easily check it out. just it's free to download and also the first month of it if you choose to use strategies which you don't have to. Once again, you can get for free so you can try this all out at no risk to you. Just download it for free and use the code mat and you're good.

Like your shirt today? Hell yeah! America America I would Flex for you in it, but I'm I'm the opposite of Hulk Hogan right now. Instead of filling out the sleeves and being cut, it's more of like a Ziploc bag of mayonnaise. my clothes have become a bag of mayonnaise. like a human bag of mayonnaise.

essentially the court case recording AMC I haven't been following it I Can't give you any legitimate update Uh, because I kind of don't care about it I just care about the stock price. So like me, it almost feels like a waste of a time, especially because I have no legal background so it's not something that I would easily be able to learn. It's something that would take a little bit of an overall. I would have to talk to my lawyer friends and go back and forth and it just seems like at the end it doesn't matter to me because what matters is the price and me knowing or not knowing the legal court case.

all I need to do is look at the price Which is far easier than spending hours trying to dive into legal jargon like that. Legal stuff is by no means my expertise, so it would be a non non-negligible effort for me to talk about it with any form of validity. So it's just it's not the best use of my time or your time, especially if we're just looking at the stock price. That sounded like a girly sneeze I'm sorry I'll be better I'll be better.

You guys definitely deserve a more manly sneeze. That's that's my major issue. What was your thesis when you bought? Well back then it was Prague it wasn't even bior. The thesis back then was the amount of Ftds and it seemed, um, Circa 2021.

There was a clear pattern of stocks that were low float, highly shorted, and a spike in Ftds. A decent amount of them seemed to run and that one did run at one point and then got absolutely destroyed because like they failed their drug tests or whatever. The FDA did or didn't improve them I Don't know something negative. Um, and that trading methodology.

That pattern. It worked well and it worked well for a bit. But understand when you find certain trading patterns that doesn't somehow make it 100 percent positive that it's always, always 100 going to work. Obviously, sometimes you're going to find patterns that are hot for a minute.

For example, in 2021, you could look at what was going on in social media. If you found one that was highly shorted and it was highly discussed in social media, there was a good chance it was going up. That doesn't happen right now and patterns come into favor. they go out of favor.

But Boi Bior Right now it's a failing company and the trading I Guess methodology that people were looking at it. What? two years ago I don't think is currently viable are there Financial Solid I Don't believe so. but we all have a different opinion on fundamental breakdown I I'm Bior I mean I haven't got looked at it really I mean we've looked at the chart I haven't gone into its financials in probably about two quarters now. Uh, but it's just another pharmaceutical play and these biotech pharmaceutical medical supply place.

Uh I forget the exact odds, but it's somewhere around 80 to 90 percent fail because It's extraordinarily difficult to get that type of regulatory approval in the U.S when you're playing. especially the unfounded one. So yeah, you could think about big ones like J and Pfizer those are big companies. But and that's important the size because their risk is kind of mitigated because they have so many different things going on.

But a lot of these companies, they have one drug and if that drug does not get approved, the company's over. So inherently when you're talking about like, does it have solid fundamentals, The better question is like it's a shorter list of which ones in that industry have good fundamentals because most of them don't Most of them it's a super high risk High Reward Play: Most end up failing and end up not getting approval and can't pay their bills. and they burn their cash too fast. It's very, very difficult.

Um, that's actually one industry I particularly don't trade. Speaking of how, I don't have expertise in any legal thing. Uh, same thing with like that biotech pharmaceutical that like that is just not my background at all. I Don't know anything really about the FDA process I Just know those stocks are always commonly pumping and dumping horrendously if you look at like whatever.

If you just pick a hundred random like biotech stocks, most of them are going to have that shape of a spike and a dump or just a straight up dump. None of them are like those nice growth ones. Like once in a while you'll find a counter example. but like you're just playing a game where the odds are clearly stacked against you.

Clearly stacked against you are Ftds and STDs similar. Yeah, actually very very very similar. Uh, one drug approves. They are filthy rich.

Yeah, it just happens so rarely and so like if you have specific knowledge in that industry and world and like can better pick which ones have like a chance of being approved or not approved or that type of thing, hey have at it I hope you crush it I Really really Do. It's just like I mean at certain point you have to be realistic with your own skill set and I'm much more in tune with what's going on in the world of technology than I am Pharmaceuticals Uh, you are wrong about that. Wrong about what? Texan about Ftds being the same as STDs Well I think in both cases, in both cases, at least it means you're getting fucked. That's why I said they were similar.

Uh, how do you think about Tesla running a bit prior to earnings? Well, it's running because of the delivery and production numbers. Uh, it's running because like they are kind of telegraphing forward that the earnings will most likely be pretty good. I Mean it like across the board Tesla beat on its uh, delivery and production predictions and that's why I mean I think the information came out on Sunday and that's why on Monday we had this Gap up from 262 all the way up to 277 and we're even stronger right now. Uh, this thing might it might keep cruising if it gets above Monday's high of 284-25 Maybe worthwhile to set an alert there.

A little bit of a breakout play, but Tesla's been crazy strong so I'm not the biggest fan of chasing it. Uh, what's sad is I got calls here at 200 I was looking at the 220s and I even think I got them for mid-july those would have been up I mean at this point probably tens, if not hundreds of thousands of dollars because this is such a statistically abnormal move. I mean I would have been so deeply in the money like this is just an absolute Ripper Not long ago Tesla was at 103. we're currently trading at 283.

that is nuts. Uh, fun to watch I mean if you were able to ride the trend I massively congratulate you I got out way way too early, but hey, that's the game in trading. Sometimes that is the game of trading. Thus far on open spy's been really strong.

cues have been really strong. uh, even with this gap down I Guess people are just not too worried about it and this is exactly why I like to wait because we have gone up. what a dollar fifty since Market opened. Um, the spy and on the queues the Spy might be going for this upside Gap fill for all I know uh oh actually never mind it already got it.

The upside Gap fill was to uh 44263. so congratulations to all of you who played that upside Gap though we opened up at 44191 and obviously we just made a B line to that Gap fill at 44263. So a very tradable thing I mean that was a 70 Cent play Uh, In Out you probably you could have been cashed out for the day, definitely could have been cashed out I copied your Tesla trade and I'm also coping about that. Hey, it happens.

It happens, It happens, it happens. Oh man, look at this strength. that open look at the strength that opened. Uh, what are your thoughts on Pfizer once again.

I I Don't really like trading or being invested in the like pharmaceutical industry. It's just something that's outside of my wheelhouse. Uh, those were fun to trade in 2021 where like Pfizer Johnson and Johnson um Bioin Tech Moderna They were all ripping so there was huge volatility so it's more of like momentum plays. but in terms of just like should I be fundamentally invested in them? Not? It's just that's just not in my wheelhouse to do a breakdown of, just not in my particular wheelhouse.

Market strength is crazy. So um, for those of you who watch The Sunny Harris interview It came out on Monday it's on the Rumble channel. it's on the new YouTube channel. It's in the description of the video if you want to see it yourself.

uh I Was fortunate enough to like, continue my conversation with her and learn about it. So the she created this, these are called Sunny bands the two green on top, the two green on bottom, and her Dynamic moving average. This is the indicator that she referred to in that discussion. So for any of you who like, maybe watch that interview and it's she traded on the five minute she has traded it on the 15 the daily I think she trades multiple time frames I Know she trades multiple time frames but I finally got it set up on my system to check it out.

and basically she's always using it for over extension and under. or like, uh, over extension in One Direction or um, either way. So right now this would be the definition of too much of an overextension to the upside. But and please understand that I'm new at this.

This is literally my first active trading day like using her indicator that we discussed. So even though it's overextended, suggesting a pullback I Don't think she would take that trade because of the angle of her Dynamic moving average. So if all of a sudden this flattened out and instead of pointing upward like right here, this yellow and the purple line. If they were flat I think she'd be interested in it because this is a statistically abnormal move to the upside suggesting yeah, a pullback and this might pull back but I I just think the risk would be too high.

So I'm going to watch this throughout the day I'm actually like I'm ready to trade on it and mess around and see if I like it to see if I could wrap my head around it. But for any of you who watch that interview which I highly suggest you all do, this is the indicator she's referring to throughout the interview and I am inclined to like learn as much of it as I can because this is a woman and who added the past 42 years of trading she's been profitable 40 of those years. Those are like that's better than many many hedge funds like in the entire world. Um, so checking that out, Uh, D-wac merger is on.

What with are we hang on? Does anyone have the news about this? We might have a little bit of breaking news related to True Social and the competitor to Um Twitter or Dwac. Uh, nope, that's insider trading latest. So let's see. do so Mason Nash Stock Watch If you're waking up Dwac and SEC have reached a settlement, that doesn't mean it's a merger.

Um, unless someone else, I'm not seeing any news that the merger's going through I'm seeing that they uh, it's this one account is just pumping the fuck out of Dwac. uh, what else do we have? Yeah, dude, it's this one account just keeps talking about talking about it. Obviously it has a big position on it. So I'm not saying anything about the merger being on.

I'm seeing uh Samuel Martin Dwac mergers on Sam where'd you get that information? It feels like you're sharing things that are not accurate with the market like I think did you like double check your news there. where to watch the interview? um, it's in the description here I will mask it here I'll pin it um, right there. Uh, Dwac is under some serious investigation. uh all.

I saw on Twitter it was that some sort of deal was potentially met. but I do find it a little bit suspect if you ask me. uh I mean is there breaking news on it I don't think the mergers technically on stock side as investors await Fed meeting minutes that comes out at 2 p.m Major League Pickleball names new CEO and CEO to capitalize on surging popularity. Uh, Microsoft could be the next stock to reach the three trillion dollar Mark according to Wed Bush I mean that's not that big of a call out when it's the second most valuable company in the U.S market and there's only one that's above it above 3 trillion Apple So to say that like oh, the second most valuable one might be the next one that's not that crazy of a call out I mean I think that's actually the high odds Call out.

That's not a big brain play, Not a big brain play by any means Carrot Top uh uh. a popular French content creator has been banned from Twitch following a police investigation Jesus that's not good morning 440 Call 441 Life hack Rumble rating today 4 pm EST windy day or radar? Right or right? All right I am not seeing any other updates about um, this Dwac thing. Actor: Daniel Radcliffe has absolutely no interest in appearing in the Harry Potter reboot. I'm definitely not seeking it out in any way.

but I do wish them obviously all the look in the world and I'm very excited to have the torch passed. I didn't know they were doing a reboot. a Ribbian stock prices rise as Needham raises price Target to 28 following Q2 production report. So I know there's some Rivian Traders and investors in here I'm not really involved uh with it.

but I know that some of you are very much enjoying that news. so congrats. Congrats, Congrats. Congrats All right the: Spy Still strong.

The queue's still strong Apple faltering a little bit Netflix or excuse me Tesla pop coming down a bit What do we have Netflix holding at 448 Nvidia strong actually in video in video. Arguably a nice trendline breakout and hold. Wouldn't have been bad to enter here around 4 20. it's trying to take out the 428 resistance potential.

Next stop is 440. Uh, probably worthwhile to throw on your watch list for sure. Interesting, interesting, Interesting. Hmm.

I'm almost I'm always tempted to play in video because it just has such nice moves as we can see. but it's just I end up just like screwing it up pretty much every time. So I'm a little I'm a little hesitant. uh, did you catch the video of the BlackRock recruiter being exposed as pure gold? Yeah, I think that's like a week or two old, right? Uh, that's another I believe like James O'Keefe And they're basically talking about how they're paying off politicians and it's like money who controls politics? But like is anyone really surprised to hear that? Uh oh, how's Meta doing I see some comments on Meta Meta Meta is just ripping 287 to 293 almost 294.

Um, is it Meta slash Instagram Because Meta owns Instagram they're releasing a com. What's them they're releasing a competitor to Twitter today. Uh, what's it called Like threads or something? Am I right on that? or am I like losing my mind? You guys would know more than I do. Um, but is that right to say Meta which owns Instagram and then Instagram's releasing I Think it's called threads I think it's called threads and it's the competition to uh Twitter Dude, the market is not showing signs of slowing down today.

The dollar is starting to pick up though. Interesting Microsoft is showing some strength Microsoft showing some strength here. All right. I'm watching these bands because we have the over extension, but it technically did not really break down yet.

Uh, but if it does, I'll get over the world I Don't think this is technically exactly the right kind of a play just because the angle, like obviously the trend right now is to the upside. so it's tough to take these counter Trend moves so paying attention to it spied really strong today. Meta right now I mean the tech sector is crazy strong this morning. just look at the cues ripping.

So kind of a some fake out weakness at the start. Definitely some fake out weakness I haven't done anything yet. The last thing I did was close out take my money on Friday and since then uh, didn't trade on Monday and I'm just kind of waiting around waiting around waiting around. A little bit of a update.

potentially some big news related to the streaming platform. Rumble Some of you might know who this is. Ricegum was somewhat considered to be an OG streamer. YouTuber His really, really hot years were from 2016 to 2019 and then he got into like some drama for various things.

but he is apparently going to be making a comeback to the world of content creation, so the decision is coming out. July 5th he will be announcing it at 6 PM ET And as you can see from the picture, he's between Twitch Rumble Kick and YouTube I Don't know what he's gonna end up? Uh, obviously there's been massive massive streaming Wars going on lately between Kick and Rumble. So just because I am a proud content creator on Rumble I Kind of hope he picks it because he does have a large devout following, so obviously that would be massively beneficial. But some of you might know who this content creator is.

Kind of a little bit of a blast from the past and it's going to be interesting to see which way it goes. Obviously, let me know your thoughts. Beef I Hope if you're watching this before the actual announcement like I'm just going to expect you guys to keep yourself honest here. But if you're watching this before the announcement, comment who you think is going to end up going with.

But obviously if you're commenting after, if you're watching this after, it kind of doesn't count anymore. Uh, so just just keep yourself accountable. Uh, I'm pulling for rumble obviously. but clearly Kick is throwing a lot of money on a lot of people, so it'll be interesting to see how it goes.

It'll be very, very interesting. No one picks Rumble I mean what? I Don't know if you've heard of the content creators I show speed or Kai Cenet? Uh, they're just two of the biggest streamers in the entire world that ended up picking Rumble So obviously some people are picking it. It's a little no one picks. Rumble I I Don't quite understand that decision day.

Well, we find out. uh, announcing live on Twitch at 3 P.M PST I Highly doubt it'll be no one's picking twitch if you pick twitch right now. that's very, very silly. Twitch is just obviously going downhill and to be signed into whatever a year a multi-year contract I Think it's just too much of a risk.

Too much of a too much of a risk. All right, is the market turning a little bit? Is the market giving us the old turn? I'm nervous because it is counter Trend which I don't think I'm supposed to be doing, but we are seeing obviously some weakness ran all the way up. Hmm if it breaks down from 83, just Target 80. maybe a quick in and out trade just to get my feet a little bit wet? I'm nervous.

nobody picks Rumble Rumble Picks Them Shout Out Billy hey I Also want to say thanks for stopping all that. uh Canadian Wildfire smoke that you've been sending our way. Uh, much appreciated. Much appreciated that you guys stopped doing that.

Uh, I'm nervous. Do I do it. What time is it? It's 10 a.m The factory order should be coming out right now. Things are maybe stalling.

Maybe not stalling. Huge push for the first half hour. Huge push for the first half hour. I mean the Spy went from just below 442 all the way up to 443 and some change.

and I'm wondering if this is starting to look a little tired. A little tired. It feels like it is. Man feels like it's starting to get a bit tired.

All right, let's take a stab at it. Boom Brother, let's take a stab at it. Let's see how we could do it. Let's see if this works all right.

So we did that. My risk is way too high. All right. Risk in 350 for 550.

might have been a little bit early, but I don't know I'm actually still feeling kind of confident about it. so that was on the Futures Market I mean it might just be a hardcore Ripper of a day. and if I was early I was early? Yeah? I think I'm about to get dinged out. Boom Brother Yeah, just got dinged out knowing my luck, that's gonna be the the quick flush.

All right, we took a stab at it. Not the best, not the best start, but that's why we keep our wrist close. Uh Factory orders rise point three percent. The establish was 0.8 Envx is still going in the X dude next level on Emvx.

We've been watching this for a minute. This is definitely getting some. Uh I have no position I have no calls I have no puts I have no stock I'm not really involved in it I'm more so talking about it because I see so many of you talking about it? Uh, nice. Trend To the upside: April May June then really started going at the end of June and has not stopped since then.

Running into some potential resistance right here. I'm looking at this high from October November of 22 after that I'd be watching 21 I wouldn't personally if you're looking at it now I mean it's a bit chasy. The nice entry was obviously back here. The beautiful entry was here at like 14 20 risking at that point 12.78 Obviously, as soon as it gets this breakout, you just move your trailing.

stop loss. so I wouldn't be chasing it. but if you already have position I mean the momentum's evidently in your favor evidently in your favor. So just ride the trend.

Ride the trend, ride the trend. I mean it is looking beautiful. It's just. um to enter.

Now your risk is pretty considerable. Uh, d-wac 44 short if the merger goes through I think it'll go to all times highs for a squeeze. Not necessarily like it obviously could, but just because the merger gets approved, that does I mean at one point it was trading at I think 170. it there.

There's various things you would have to consider Beyond Um, beyond that various things you don't want to just be like. Oh well, a merger's happening. and they're short so the shorts have to squeeze like, that's not necessarily a guarantee that the shorts get squeezed. so I don't I'd be careful with that trading thesis like it could happen and hey, if you're long on it and that happens, I'm I'm rooting for you I want you to make money there, but I wouldn't necessarily be like oh, this is my end-all be-all like methodology Uh, thoughts on the banking sector.

Well, how's the regional banking sector doing now? kre kind of doing nothing. It tried to bounce back a bit sold off, and now it's just kind of mid-range So uh, the regional banking sector not doing anything JP Morgan Bouncing recently Bank of America Okay Wells Fargo City It's looking a little bit more bullish than it is bearish. but a lot of the times I find a lot of these Regional or banks in general to be boring. A lot of them, they're just not moving all right.

Is this the time to try again? Is this the time to try again? I think I was a little early on this one I I should have waited for it to break above and in reality it just tagged it and I could have been still in it. So I think I had an erroneous exit there I should have been a little bit more it like popped right above it. Things are slowing down. Definitely slowing down.

Jeez! I'm nervous I'm nervous I'm nervous. but it is low risk right now. Boom brother. All right, let's see if we could do this a little bit better this time.

All right, let's see if we could do it lower risk I Just don't like it. looks like it's kind of stalling, but who knows, it could just be consolidation and it continued to the upside. Uh, I Wouldn't consider this to my understanding, like a five-star setup at all. Uh, seasonality is a bit neutral.

The daily chart was looking bearish and then it had such a strong recovery. and that's obviously what we saw this morning. So it was looking pretty bearish this morning. Strong recovery.

so the shorter time frame obviously favoring the Bulls, but it's just a question of which way will this consolidation? Break Um, and as of now, it's not really leaning anyway. I Guess my leaning was a bit bearish, just we're seeing some of these technical indicators get tired like, u