Up butt heads. This is your market wrap up for wednesday july 20th. I'm'm matt not that that matters. I got completely screwed by the market today and want to explain to you how so with all that in mind hit the like button subscribe and let's get rockin.

So. The spy was looking real good today in fact the game point six five. The cues gave him. 16 iwm game 16.

We were ripping and we probably would have kept ripping in fact going for a gap filled to 401 44. But then midday google was like hey we love not having fun and they publicly announced that they're going to be pausing hiring for two weeks. And then we got a similar report from ford. Saying.

Hey. We're also going to be pausing hiring now they're not reporting. But tesla's about to report netflix reported and they did bad. But not as bad as everyone thought so they were up and the market was green and tesla's about to report united is about to report americans about to report tomorrow.

18t snapchat. You have a lot of reports and the next week. It's going to get even more crazy not just from reports of microsoft and meta and apple. But you also have the fed meeting that we get the results on wednesday at 2 pm.

And then from there we're also going to get the gdp report speaking of the fed 70 chance of a 75 bips rate increase and a 31 chance of a 100 pips rate increase now recently the market's been doing well and so has crypto bitcoin in fact got above 24 000. Watch for that breakout of 25 and i have an important technical level at 255. Same with east really the overall crypto sector is looking pretty good now. I do want to point out something that i just think is crazy let me tell you a story in two points.

Nancy pelosi point number one uh her husband. Paul pelosi. Exercised a bunch of call. Options.

200. Call. Options equivalent to 20 000. Shares.

On june 17th. For nvidia. A chip maker. Well well well well well senate advances more than 50 billion bill to boost us.

Semiconductor production so in one month they are ripping so they got in on june 16th from that particular day until now up 15 on 20 000. Shares. Oh. And you know.

This was held up a little bit. And then pelosi said okay yeah. No push it through maybe. It's not insider trading.

Maybe they aren't using their position to line their own pockets. But it sure as hell looks like it this is horrendous. This is exactly why i honestly don't think they should like i think if you're a spouse or yourself. You should be able to trade.

It's just your trade should be reported instantaneously in fact. I would go a step better because right now they're trying to play q. And be like okay we'll stop stock trading. But they don't say anything about options.

I think this is the solution instead of worrying about them their spouses their kids of who can trade who can't trade how about this how about before you trade you have to file a public report. One day before at a minimum as in tomorrow at market open. I'm buying company xyz or doing this with this option or that with that option preemptive report saying. The next day this trade will be executed.

I think that's the best solution. Maybe i haven't thought about it enough. But hey let him trade. I just think everything should be informed to the public an entire day beforehand where we could all look it up and be like oh they're about to do this they're about to that and you could take that information as you so choose i think that's a fair solution to what's currently going on all right tesla in post market.

Poppin from 7 42. All the way up to 756 do we have any real time results let's see let's see let's see tesla 2q revenue. 169. Billion when they were expecting 1688.

So tesla just got a win barely was squeezing out a win. There i wonder what else is going on i'm sure i mean that was 44 seconds ago. So we're gonna be getting a lot of tesla. Updates.

All this stuff just came out nothing. Else. Yet of tesla. So why we're waiting for something else.

Oh tesla popping 744 to 764 it's cruising. What look at that it is moving moving grooving grooving tesla. People are liking the numbers very much liking the number tesla beat on revenue. I'm waiting to see if anyone's going to be tweeting out like their earnings per share or anything like that adjusted earnings per share 227 versus 183.

So tesla beat on top and bottom line. You heard it here tesla beat on revenue earnings per share top and bottom lines uh tesla congrats that is moving beat on rev being on earnings per share. And it is move and move and moving as everyone is apparently liking the news. Now obviously i mean i'm kind of happy i still got out because the spy's not moving that much i wasn't playing tesla in fact actually up until this morning.

I had tesla put so i would be absolutely smoked right now so even though my loss this morning. Really hurt it clearly would have been worse so at least now i have the ability to fight back um. If i held it like if i was being pigheaded. I would have gotten screwed in this scenario.

The next gap fill we're talking about i think might be that upside. It is still fucking moving geez well congratulations to all of you who got a piece of. Tesla because this is now up four percent and posted 775 dude. It's gone it's going.

It's going. It's going. That is nuts all right here's the plan. I appreciate you hanging out in the stream in this video.

Thank you thank you thank you i will be streaming once again tomorrow. We'll be doing all the normal stuff. And then on friday. Just a quick reminder that i will not be streaming.

I just want to put that out there going to a wedding hanging out with some of my irl friends taking a little bit of a breather from my digital friends. But i love you all the same thanks for all the good vibes. I truly truly appreciate it and congrats to everyone who got a piece of this tesla action feels like the market is still going to continue to be bullish probably for the remainder of the week. But let's see how this all plays out have a be a beautiful day.

.