Testing Testing Testing One Two three Are we back? Are we live? Talk to me people. Can you hear me? Can I hear you? Can we hear each other? hello hello hello Are we back? Are we back? Are we back? Can any of you hear me? Am I back I feel like a here? Let's I need a I need a thumbs up if I'm back apparently Um I don't know uh we uh I got taken out I don't know if it was a restream issue or stream Labs issue but one of them Mark to me but I'm back. Thumbs up. Thumbs up if you guys can hear me.

A-Okay Crystal clear as if I'm in the room with you. Oh wow that the numbers are taking a huge hit on Rumble hey Rumble Stop the hemorrhaging I'm gonna get the problem figured out. everyone leaves me. They have no faith that I'll be able to to bring it back Golly uh I don't even know what we were talking about.

Maybe I shouldn't be talking shit. Is it? because I talk so much shit on Yelling already? Was it because of that story that I share? If you guys were late to class today, you missed a banger of a story earlier on. it was probably that YouTube I probably broke YouTube Skyline So like, uh I don't think you're allowed to say that kind of stuff. Man, it was a little bit of a spicy story.

All right. Um, hang on I'm re-pinning uh, the street beat. If you're not on street beat, sign up pin to the top of chat Free Five to five thousand depending on how much you deposit. uh, non-payment for order flow brokerage.

And they have systematic trading strategies that you can engage with if you so choose you're not obligated to. It's also a normal brokerage. Uh, but check it out. Free Five to five thousand.

We could talk about that later. Where was I at am I back? You guys can hear me A-Okay uh like sub do I don't know. do whatever. Uh, the Market's crazy.

Where are we at? Where are we at? Uh so almost their balance sheet is twice the size of Lehman Brothers I Want to point that out just because of the scale of the impact of what would happen if they were to go down. But also understand uh. so if you listen to the CEO of Credit Suisse uh I believe his out name is actually Alex Lehman someone correct me if I'm wrong. but I think his name is Alex Lehman um the things that he's trying to blame this on are crazy and he was talking about like social media storms this that the other thing understand that Credit Suisse has been in trouble for quite a while.

Like um, the common idiom is death by a Thousand Cuts Really poor mismanagement. Various cases of it. The archangos blow up. Um, you have various lawsuits, legal debacles.

It's been going down and down and down. So even before this all blew up, credit Suites lost around 38 of its deposits in the fourth quarter of 2022. It reported a full year net loss of 7.3 billion. so about almost just under 8 billion for 2022, and expects a further substantial loss in 2023..

So the losses and the withdrawal of deposits that was all going down before the world, especially the banking sector, had all the pressure on it. So um, when you're listening to the CEO who I believe once again I think it's Alex Lehman what's really poor choice of name when you are the CEO of a bank? really poor choice. But anywho, uh, I wouldn't believe what he's saying. It sounds like he just kind of twists everything to make it seem less.

um, bad. UBS Share slide five percent Credit Suisse Creator 60 after the Takeover deal. so Credit Suisse is on the right. It basically went from 2.22 down to right now it's trading at 92.

uh I have up FRC which has also been going down. but let's check out UBS let's just see how that one's doing UBS now bouncing back. Okay, I'm Actually, it makes sense to me that it's bouncing back because if I look at the aspects of the deal for what's going on, it seems to be a really good deal in terms of favoring. UBS Uh, very, very minuscule downside.

Which the odds of the downside might be high because there's a lot of stress on credits. That's fair, but it's very much capped. Downside: Like the country of Switzerland is basically backstopping it to the tune of 9 to 10 billion depending on the conversion on that particular day. So it's going to be huge Now they're going to have together.

What? I Don't know what they're it'll just trade under UBS because they're buying them out and it wasn't in any way favorable. Really to Credit Suisse it's going to be what 5 trillion in assets under management like? That's just going to be nuts. That's going to be their balance sheet. Uh, Speaking of First Republic First Republic Share Slide 18 Monday after credit rating downgrade.

so I was a little bit of a degenerate I bought some FRC that's the ticker symbol for First Republic Bank in my long-term account I still have it. It's not going my way. My average cost: I Try to catch a falling knife which I very much hate doing and I hate doing it because you get yourself into these scenarios where it's just like it cut my hand really bad. The knife is like through my palm on the other side of my hand sticking out and it looks disgusting.

But anyway, that's where we're at with FRC right now I'm in it and it's continuing to go down because it's credit rating. Basically, the likelihood the perceived likelihood of them being able to pay off the bills they need to pay is going down and down and down. S p Cut is credit rating to B plus from BB Plus on Sunday after first lowering it to junk status just last week. Um, so a lot of people thinking or a lot of these fancy schmancy analysts thinking that FRC is not going to be able to pay its bills or it's just not credit.

Worthy The deposit infusion from 11 U.S Banks The company's disclosure that borrowings from the FED range from 20 billion to 109 billion and borrowings from the Fhlb the federal Home Loan Bank increased by 10 billion and the suspension of its common stock dividend collectively led us to view that this bank will likely under high liquidity stress with substantial deposit outflows over the last week. Yeah, and then this is as I was alluding to before before the stream cut. It's one of those things where when you see negative things such as this, that very quickly becomes a self-fulfilling prophecy because a lot of people see that and they're like, oh, it's bad so they take their money out and then more people take their money out and it makes the situation worse. Um, this is a game of psychology right now.

I would very much argue that this is a bigger game of psychology than it is just pure math. And Finance In terms of the bigger picture, Yes, we've been talking a lot about the banking sector, but let's talk about the overall economy. It's coming down to Wednesday I Think we could be in a very volatile but yet a hold pattern Monday and Tuesday of this week and then I think all hell breaks loose on Wednesday I wish I could tell you which direction it's going to be I Really do I Wish I could tell you we're ripped into the High Heavens or we are cratering into the depths of hell. but no one knows that.

answer. All I can tell you is what you have to do to make money and this is a big money making opportunity is just respect your risk. Your risk and reward ratios always have to be in check if you're taking more risk than reward like it's just. Or if you have no risk at all, you can just get so easily blown out.

Goldman says the FED will not hike rates this week because of banking system stress. Well, that's what Golden thinks. And if you look at what's going on currently in the bond market, the yield. Market all that good stuff.

There is as of now a 70 chance that we are getting a 25 bibs right? Like as of now, the FED fund rate. The interest rate that sets the president for so many other like mortgage, interest rates, students. Um, like payments from the government. Um, we could talk like just so many things.

Um, credit card payments. Like anything that's interest rate or interest bearing like a savings account. The precedent is set by what the FED fund rates at. Right now it's at 4.5 There's a 70 chance that it's going up to 4.75 so a one-quarter 25 bibs rate height.

Now with all this chaos, there are some winners such as: Bitcoin Ethereum is going up not as much Bitcoin's been the really big winner in the short term and I know that a lot of you have been talking about it and like getting those gains. So congratulations to all of you Bitcoin Market gains 26 billion after hitting a nine month high as banking crisis Sparks rally So a lot of people are saying well hang on We need some place where we can store money that's outside of the purview of like government messing up things like something that is just systematically controlled which is really the code base behind BTC and obviously the that use case that's been pitched to everyone for so long is seemingly coming to fruition as people are getting scared and really questioning where should you put your money. Apparently enough people are putting it into Bitcoin that is causing other people to put it into Bitcoin because in not long at all I mean we're talking from Friday March 10th. We've gone from 19.5 000 all the way up to 28 000 and a lot of people are kind of just pointing out like hey, the next stop is 30 000.

eth also been on its own move. um I'm not like really talking smack on it. It went from Um 1 370, uh, as high as one thousand eight hundred so that's had a really good push as well. Um, but I just want to give a little bit of a shout out to everyone who kind of, you know, just ended up Diamond handing it on the crypto drawdown because you've seen a very, very very nice pop lately.

Five things to know before that: Bell goes today Monday March 20th Swiss roll up So what you need to know: Credit Suisse Being absorbed by UBS for 3.2 billion dollars and it is being very much supported by the Swiss National Bank really the country of Switzerland and also in the particular deal it is a sweetheart deal for UBS Their downside is being protected by the Swiss National Bank to the tune of 10 billion dollars not out of the woods. With respect to the FED, we are still very much fighting inflation and the FED is in a very precarious situation where if they do nothing, it would be less stress on the banking sector. but then it also might be signaling to the public that worse things are going on than they are really publicly stating which could cause more fear. But then if you do too much and you're like no, no, we're not worried at all.

we're doing 50 bips. Well, that might be legitimately too much pressure, might break more things that they didn't anticipate to break. The FED is currently in a game of needing to thread the eye of a needle and who knows if they'll be able to pull it off. Next up for Signature and Svb.

So we know Signature is now being absorbed by what is it a Flagstar Bank a subsidiary of the New York Community Bank Corp uh would take over chunks of signature Banks So not the whole thing, but getting parts of it and then with signature Valley Bank Reuters Reported that the FDIC plan to launch a relaunch and excuse me an auction process for what's left of the company First Republic hit with another credit downgrade. It went from BB Plus to B. Now it's in it's been in the junk category and uh, President Xi Jinping of China visiting Moscow Uh, so you know when it rains, it pours, why not add in a bunch of political tension. Speaking of political tensions, I Can't believe I Forgot about this.

Apparently they're gonna arrest Trump tomorrow. Did you guys see that? Uh I'm not the most up to date on it? So I'm definitely gonna rely on one of you who maybe has been following the story a bit better. Uh, but the rumors are that like I mean Trump said it himself that apparently, uh, he's gonna be arrested tomorrow. Um, so if I'm misstating that, please call me out.

Please like someone say something and get proper information out there. The last thing I need to do is be a person spreading false information. Definitely don't want to do that. Um, but my point is, just like the political tensions are high on the global scale, on the national scale and then also within the market, so it's crazy.

Buckle up. This is gonna be absolute Insanity a little bit later today I Do want to talk about Elizabeth Warren and her not so nice words for Jerome Powell I just want to get all of your thoughts on it. And then we could also talk about more of like the pure math of what's going on. because we have been trying to unwind the balance sheet.

we've been talking about quote-unquote balance sheet normalization, a balance sheet runoff, but uh, the FED has printed up to 9 8.9 We'll just call it nine nine trillion dollars of funny money and we started coming down with quantitative tightening. But as you can see, we recently just popped up to the tune of 300 billion and that's just the the FED really providing swap liquidity. So this could get a little bit interesting depending on if this is going to actually prompt, uh, sticky inflation or will it prove to not be sticky? it's We're going to find out if this is gonna screw us or not, but we cannot seem to get this number to come down and this is just all that funny money that the FED Prince and then people, uh seem to get really confused by the fact of like why not just trust in the government like why why would you need something like crypto Well this is why it's because these unelected people who I would argue have a history of messing things up are continually spending and creating money like a drunken sailor. It's not just like for all the drunken Sailors who are currently watching this I Don't mean to hate on you because at least as a drunken sailor, you're spending the money that you have as a drunken sailor from your job as being a pirate of the Open Seas but this drunken sailor is worse because this drunken seller also has a button that allows it to make its own money so it like makes money and then it uses money and then it makes more money and then it looks at the world and says like wait what's what's the problem here brother like I don't I don't see in our in all reality like a straight up drunken sailor would probably handle this situation a little bit better.

um so I do not mean to um, besmirch the profession of being a drunken seller um my apologies if that like hit a little too close to home I just misspoke and hey, we all make mistakes. So with all that being said, that's what we're doing today. it's gonna be crazy crazy volatility just so you guys know. uh I'm gonna have to leave the stream a little bit early, have some interviews to do today.

Uh, so we're gonna cut the stream at around 10 30 and that's why I started stream a little bit early I Wanted to give you guys your good two hours of um you know, good old Mac Core Show Entertainment And the fun thing about me being my own boss is I kind of decide when I'm gonna do my own show. So today, uh oh hey, don't look at my chest. my face is up here all you perverts I caught you guys looking at my chest there for a second. What's wrong with you? This is a children's show.

All right. let's get ready. let's get ready. let's get ready.

Oh it's gonna be a big day Belle's about to go dingety ding ding ding so let's get ready. I did the one minute we have Tesla we have UBS we have a if anything starts moving like to an insane insane degree. please shout it out. please let me know More than happy to switch it out.

uh I saw you crying at Planned Parenthood yesterday is everything okay? uh I was actually crying at a Texas Roadhouse but they were tears of joy. Alrighty ding ding ding. The casino is open. Best of luck to all.

Play responsibly if not have fun. but most importantly, remember it's all bullshit. Thank you Mr Overlord Announcer for reminding us what game we are truly in. If you haven't already destroy the like button on both Rumble and YouTube If you're not subbed on Rumble and YouTube understand you're ruining my life if you are a person who's like, you know what? I just don't want to hit that Rumble sub button and you're not supporting me in my adventure to 69 420 000 subscribers over there.

I Don't know if we're friends I Don't know if this parasocial relationship's really gonna work out for the two of us and I just want to throw that out there. Can we get a substitute teacher today? then? uh, if we do a substitute teacher then I would have to write them a lesson plan and then I would have to come back and then awkwardly the next be like I'm not mad at you guys I'm just disappointed that you took advantage of Mrs pulley yesterday and you made her cry and it wasn't necessary to tell her that the gerbil died and then when she started freaking out like you said, you brought it back to life like I just I Don't want to get into one of those situations. You know it's just instead of undoing the damage that you guys would cause to all the substitute teachers, it's just easier for us to like skip a half hour and then we'll make up for it. Uh, see us bouncing a little bit here.

still down 53 I Don't know if you guys can see this because of my big old head, but um, it is down 52 53 UBS up five. the Spy is just above break even up 0.2 on the day you have Tesla down one. do I have Tesla puts right now I kind of forget I don't have my bro Oh I forgot to open my brokerage? Where are we at? Uh oh I need to open up my brokerage my brokerage Charlie Brown's teacher. All right.

Well, let's see how the Market opens folks. I I Wholeheartedly believe maybe you have a strategy that is better than mine. Maybe you have a strategy that is good for Market open Uh, right when it opens I Am a devout believer that open market open is a lot of Randomness um a lot of Randomness uh invalid username. what's my password I forget my passwords, just not.

Oh there we go. Maybe I'm the problem. Maybe I was just not typing it properly. It's probably on me if we're being realistic.

You have made two day trades in the last five days, so basically don't do it again. Uh well. I have a spy iron condor and the Condor is a 403 by a 471 and then I have Tesla puts March 31st 175 which are down 6.8 as of now. Uh so 175's on Tesla for March 31st.

So I got myself a little bit of time. we see CS Poppin we see UBS Popping We see the Spy popping. Um Tesla seems to be on a relative basis struggling. We see Meta going up again.

Meta is now up 1.5 Oh the pop coming down a little. Microsoft uh first red day in actually quite a while Microsoft's been doing well Matt has been doing well too oxy I Want to see this come up because I Just Oil has been nuts. Oils made no sense I Just my thesis was that the Biden Administration was going to step in and basically not allow it to drop below 70 because they needed to refill their strategic petroleum reserve and I guess that is not happening. so I need to research that a little bit.

but other things have been crazy so it slipped my mind for whatever. oops sorry rum is getting hit which I don't like. Uh, granted it is a long-term investment for me I Have no plans of actively trading it really at all, but we see rum uh getting hit. Unfortunately, don't forget next week, not this week.

next week next. Thursday So in a week and a half, I will be going to the Rumble headquarters to be doing a post interview with the CEO Chris Pavlovski of Rumble right after their earnings call. so that will be the 30th or the 31st whatever that Thursday is. So mark your calendars for that evening.

it'll be right after the earnings call we will be talking with Chris Pavlowski Awesome dude. Uh, more than excited for the opportunity. Uh JPM uh I very much just want to see this holding above 125 because that's where I have a put credit spread. um that I sold there.

So let's see if the banking sector UBS bouncing uh is FRC FRC is not bouncing. what's going on with the banking sector today? So we have FRC that is down another 21 we have Credit Suisse popping it is down 50 but it's ripping early this morning. Um I Think it's a matter of time before it probably gets halted if it keeps going like this. UBS should be in green and it is green.

That makes sense I Thought it was a pretty solid deal, but let's see. Uh, we are just very much on whoa FRC Just someone stepped in right there. What is your opinion on a M A M? Sarah I will um a um A M Okay I wrote it down so I won't figure it out. Let's just watch, continue watching the market open just for the first 10 15 uh minutes something like that and then we will go.

uh from there FRC got downgraded for one firm moved it to junk it was actually already moved to drunk and then it got downgraded. Even again, it went from BB Plus to B plus uh, that was the development over the weekend from I think standard Imports and they were just basically citing the amount of money that they are taking from various entities. Really? FDIC the government and other Banks They believe that there is a severe I guess prompted from what they're assuming are massive withdrawals just like a liquidity issue Billville Street Beam not available in our country Street Beat Robot Healthy, What country do you are you in? What's up with? Mara Well, right now, crypto's been doing well. so you could probably assume that a lot of crypto related companies are doing well.

So you have coinbase bouncing off of 50 all the way up to what is this? 77. Mara You have it bouncing off of 520 up to eight. You probably have Riot going up. You have it from 520.

Update: Yeah, you're seeing the crypto sphere doing very well right now. I think that tracks FRC Looks like it just got halted. Yep. FRC and Ys Um, Bio Pharma company don't really care about that IDW Media Holdings What are these ones? Okay, so FRC already halted on the day already halted.

This is just nuts is BTC dumping right now I mean it's coming down, but look at like would you really call this dumping in the very short time frame in selling but I mean look at the run that it's been on ever since March 10th so the past week and a half it's ripped I I Wouldn't call this dumping after this type of a move. I would say it's like mean reversion. Uh uh Uh, Banks Banking Bank Sector insanity, Crypto rallies and more chaos looming. All right, cool.

save that just switching some things. What's interesting? Uh, just from a technical standpoint of how YouTube handles failed streams versus Rumble Rumbles is way better because when my restream or I don't know early this morning if you folks were watching, it was either my restream or my stream Labs that went down and screwed me over. Um, but with that it just kind of went dark on Rumble and then you could restart it on that same one so people don't have to leave. What's weird is YouTube forces you to make a whole new stream which is forcing people to go to a whole new stream which is kind of messed up.

Um. I Actually, whatever it is it, it's interesting that Rumbles is better. um FRC Why is it halted a volatility? Hall Uh, it moved. It's referred to as a circuit breaker.

Hall Also, if you want to read more about it specifically: Limit Up Limit down. If you look up L-u-l-d limit up and then LD limit down. Uh Limit Up Limit down halts. It's a circuit breaker.

Hall Basically, if it moves too much of a percentage in too short of a Time Whether to the upside or the downside, it gets halted. these are exchange rules. It's not like a human is sitting there I'm like, oh well. I think that moved too much I'm gonna hold It That's not how it works.

it's uh. the rules are clear. You can go read them for yourself. It's to the point that people even have indicators set up of like oh I know it's going to Halt if it gets here.

Basically, you have to go outside of a volatility band and you stay there for I believe 15 seconds if you were outside. If it's too dramatic of a move to the upside or the downside, and you stay outside of that movement like the bands of where it's allowed to be for 15 seconds, it's a five minute volatility haul. I had a ten dollar I 10 one dollar strike CS puts I bought last week it opened 60 down and I only made six dollars. The brutal world of Greeks I'm happy you made money though.

James We we just need to be stoked that you made some money man. So congratulations congratulations congratulations uh uh. what was I doing right here I didn't want to forget about looking at am am why already CCS going over the next couple days uh I'm not gonna I wouldn't touch CS I Don't think the risk rewards there because we know it's just being absorbed by UBS at this point I Do think this is good for UBS and we're now seeing UBS up 7.6 So I find that an interesting play, but just to be very clear, trading the banking sector especially the regional banking sector Right now it's pretty degenerate. so I just want you to know like I'm not telling you guys to not do it I'm just saying understand that you are entering into a very volatile domain a very volatile, crazy erratic Arena So be careful, make sure you're putting the money on the table that if everything goes south, it's not going to have like a massive negative impact on your life if it like does not work out in your favor.

So I went on in FRC uh and I was a little early to this flight. clearly I was early to this play because I'm down by like 50 on the investment. but to me I just looked into it I was like well before this all happened FRC was a legitimately good bank and obviously just with the crazy pressure on the banking sector, it's getting screwed over. There are a couple things now that I'm researching it more and more and more obviously like Coulda Woulda Shoulda I wish I looked a bit more into it.

um, or I wish I waited a bit more I wish I was a little bit more patient I still have it so that's where I'm putting my money I'm particularly not willing right now to increase my exposure to this banking debacle. I took my shot and I'm waiting to see how it plays out. Obviously, it would have been nice if I picked up UBS or something like that, it would have been safer to get Bank of America City JP Morgan Those are all safer options, but if something is quote unquote, safer, generally you have less rewards. So FRC just opened again.

uh, looks like it gapped up and with this I wouldn't be surprised if we're about to get halted. But FRC it is trading once again. I'm in FRC I Want to be very clear? but I also cannot be more clear of the fact that this is a degenerate play. super high risk, super high reward.

so if you choose to engage in it, you have to bet accordingly. This is not something that you should bet the proverbial Farm on. That would be very, very silly for someone to do uh, but I was also a little early on. FRC I'll hold it and see what happens.

That's where I'm at. That's why I put in my long-term account if I have to hold this for a couple years I like I would love her to recover to his levels of 100 125 something like that if I have to hold it, I'll hold it. but that's why I put in my long-term account when things settle. I might end up selling some calls against it like I'll do some cover calls but I would want things to first settle because right now the volatility is good so you could go pretty far out and collect some premium.

but it's just this is obviously: I've lived through the 2008 debacle, but I wasn't actively trading I mean I was in like high school I was in wrapping up Middle School um I wasn't even though I lived through it I wasn't following the news in the financial sector on a day-to-day basis. So this is kind of my first foray into really experiencing what's going on when your money is on the line and like you're very much not even on day-to-day developments like you're on an hour to hour. we don't know who's talking, when they're talking what they're going to say, how they're going to say it. Um, so for me, I'm attacking the situation like obviously I'm putting my own money on the line.

but I'm trying to be a little bit more realistic and a little bit more erroring on the side of caution. at least the way I Define him I mean a lot of the things I do people would be like dude, that's too risky. but in terms of my personality and my taste for risk, I'm trying to not be like so hardcore right now just because I Also respect this is very much a historic moment that, like, there's not much of a playbook for this. What's my position in FRC I have a couple hundred shares at the average cost of 42 in my long-term account.

What's your opinion on Tesla and the Cyber truck program like it? like it? Um, in the short term, not the biggest fan? Uh I wouldn't I had a bunch of Tesla in my long-term account sold it right on the first time. it broke back down below 200 and I'm waiting to reload on the position. and I'm probably not going to do that until it goes sub like I Don't know, maybe like 140 ish. Don't hold that like don't hold me to that, but that's roughly the area that I'm targeting right now.

Um, in the short term I have puts as of right now on Tesla to uh they expire on March 31st. So I have two full training weeks for Tesla to drop about two or three dollars. Which given the current environment I I think that's a good bet. Obviously there's going to be some risk to it.

Uh, so short term I have some puts, that's very very short term. Long term: I'm a fan of Tesla Um I'm a fan not like actually related to Elon Musk What? I'm a bigger fan of that. You can't really get any of the action right now. is Starlink just from a high level Tldr type of a situation? Um, 10 000 foot Overview: I Don't understand how a company that is potentially providing Internet to the entire world isn't worth many, many billions if not trillions? Um, so it has an IPO jet.

Uh, like. as a retail person like you or me, uh, we can't really get any Financial investment into Starlink at this moment in time, but I'm hoping in the future. Um, that's like one of the things that I'm most excited for. Uh, what are your thoughts on AI Crypto such as Fetch and Artificial Liquid Intelligence? Um I can't comment on it because I know nothing about it.

So I mean I can make up something. but right? I'm not in any way in form, so whatever I say is worth zero value. Uh, fetch I think that's a weird name. so I don't like that one.

Artificial Liquid Intelligence A-l-i uh I like the sound of that one better so that one seems cooler to me. that one seems a little bit cooler. uh Bubba I work on Snap-on Tools we're in. Milwaukee A great company to own a stock.

Snap On Tools Matt Matt duck duck. uh high cost to launch those satellites every few years? Yeah, but think about the addressable. Market Uh, there is a huge percentage of people on this planet right now that have no access to the internet. If all of a sudden, like think about how much the world could change if everyone had access to the internet right now.

if you're in a developed Nation We kind of just think of every place in the world like being like us and just mathematically, it's simply not true. But all of a sudden, what would change if it was true? Think about having that access to just literally billions of additional people, Think about how that changes the world of media content, advertising, and also think about what it does for the company that is the like, the infrastructure providing internet to those billions of people who don't have it as of now. Um, my cell phone bill was Zero Street for trades, but Fidelity for long term? Oh, that's awesome Flip Mcgint Flip Mcgint that's kind of a cool name. Uh, don't forget to put in that if you want that freebie money, which why would you not make sure you put in that code Matt Um, everyone check out Street.

It is pinned to the top of chat. it's in the description of the video. It is a non-payment for order flow brokerage normal brokerage that also has the option not the obligation for you to engage in systematic training. They have various systems: Earnings: Bond Ladder Top US Government Contracts Uh US Congress Buying selling.

They're rolling out with an inverse Kramer They're rolling out with an inverse CNBC It's a new brokerage and I think that they're cool I Think they're really cool because I'm such a big fan of systematic trading and the fact that this is the first really super easy retail tool where you can get involved in systematic trading. Uh, of course I'm going to be a massive supporter on it and it's just kind of a cherry on top that the team is really awesome. I've spoken with the CEO a couple times. I've spoken with some of the other members of the team.

they're all really, really cool people. but hey I know you could be like hey, they might be cool people but what about like me making money and that's what I'm saying is you check it out, it's free to sign up. In fact, they're going to pay you to sign up and you can see if you like it. but they have absolutely phenomenal.

UI I've showed it to you in the past if you guys want. I could show it to you again today. Uh, but free Five to five thousand if you use the code Matt When you're signing up, the code is very early on in the process like almost page one. There's going to be a link that says referral if you've already signed up or if you missed it DM Me: reach out to me, email me DM me and um I'll pass your information along to the team and we'll take care of it because rightfully you do deserve that bonus.

Sign up! what is your stop price on FRC I Don't really have one? Um, which? Well, I kind of do. Basically I was watching Twenty Dollars and that's why I'm so intently watching it today. but this, the volatility of it is just so immense and it's very much news driven that even though I've been particularly watching Twenty Dollars, I'm not the situation where not only am I really listening to the Fomc developments and commentary and decision on Wednesday but I care about the banks at the banking sector's reaction to that. Um so I'm in FRC For Better or For Worse until Wednesday at a minimum and obviously uh, when I do anything, you guys will be the first to know Kramer hates Texas Roadhouse He probably would.

he probably probably would. uh. Global internet is game changing as a small internet provider that started selling die up in the 2000 I've seen firsthand the internet uh lifts people quality of life. Oh for sure for sure for sure check AMD or semiconductor still going crazy.

Semiconductors have been keeping the tech sector alive. Okay, finally taking a breather. One two three, four, five green days in a row. this is an AMD getting slaughtered or anything.

I mean like Amd's just been on a terror and it looks like it's finally taking a breather. Semiconductors, especially last week we were talking about this. a decent amount have been abnormally strong, abnormally strong. Nvidia finally taking a little bit of a breather.

Micron actually has been underperforming. Uh, something going on with uh Micron that has been not following the overall. Intel Finally taking a breather, we've seen semiconductors which are tracked by the ETF SMH Once again, SMH is the ETF the exchange traded fund. Think of it as something that is tracking a basket of stocks.

Well, the thing in this particular basket is basically all the well-known and some unknown semiconductors. Um, so you see that this has been doing pretty well. Actually, there's no reason for me to have these. Let's get rid of that.

let's get rid of all those uh so semiconductors. Even though the Market's been a little bit wonky, the overall Market a little bit wonky semiconductors have been holding pretty well, which is actually a big benefit to the overall. NASDAQ the tech sector. uh, keeping the tech sector over performing.

Uh at least as of now at least as of now. Uh I Never check Broadcom. Uh I mean I could check it now I actually check it so infrequently I don't even know it's sticker avgo. how big is it? uh, Market cap 263? Yeah, no, that's a big company.

It's also been doing very well. I don't like I don't ever state that like I know every single ticker and every single combo company out there. I guess I follow Nvidia more because of its technical prowess. like Nvidia is very much regarded to be the best in terms of quality.

Semiconductor Company AMD is also very much respected I Kind of stopped tracking Intel after after they had their breakup with Apple a couple years ago. Um, so AMD is my main watch and so is NVIDIA and I like them both as Investments. But in terms of product, I do like Nvidia a bit more. And once again, in terms of product, um I I mean to me I'm just bullish on the semiconductor industry like the way technology is going right now.

how could you not be a fan of this like the technological progress that's all going to require like basically these really fancy Gpus. Whether you're talking about AI Whether you're talking about crypto mining, whether you're talking about data centers, um, whether you're talking about the explosion of gaming and the continued growth of gaming, this is all possible on the backbone of the technical infrastructure that is semiconductor. So very very bullish on the industry. and I think there's a lot that are going to win in it I like I'm not here saying oh, Nvidia is the only one no I think you can make money on pretty much all the major players.

um, but with Broadcom or whatever it is, Avgo might be a super solid one. I'll look into it. um I like the fact that it's in the industry I'm a big fan of, but specific to the company I cannot fairly comment on anything like positive or negative Matt behaves St Patty's weekend firing on on all Pistons I did actually uh folks I don't want to fucking shock anyone I got up at 5 30 today to go to the gym like I know like right before. Like some I know I heard it.

Some of you just like spit out your coffee and you're like no fucking way dude. Swear on my life I got up at 5 30 and did the stair stepper for 30 minutes and then like just ready to go I'm not uh I'm not in any way uh a like a sponsor or anything but I even took one of these like fucking neurotropic Alpha Brain things because I heard Joe Rogan talk about it like I feel like a new person Is this like a Luck of the Irish thing I gotta went to the gym, crushed an espresso, took a neurotropic I took vitamin D like am I like what is this what it's like to just be like a Per like a top G It's my new Grind set folks. that's what it is. My new top G top G is still in a Romanian prison or something so there has to be a new top G and it's me.

Um Whaley gymsters when you live in New York Fair by year, how much do you bench? um I can almost do half the bar like I I mean I do the bar but I only do like I'm able to do the half rep down. My issue is getting it back up. but hey, every Journey starts with a with the first steps you know? um but yeah no I 50 of the movements in there I just need to get another 50. but hey, they say they say the hardest part is getting started and I agree with that I think it's harder to do the bench when you're bringing it down to your chest and I just really need to focus on the pushing it back up Gotta Stay Thick, you guys know it.

LOL Matt here. letting gravity do the work, you still believe in gravity. Oh I didn't know I didn't know there were some people that were still tricked into that vitamin D literally changed my life. um I've been hearing really really positive things from like alleged medical professionals who are talking about like how we all have bad vitamin D uh deficiencies and we like need more I took a test way back when like just a whatever a physical where they take your blood and my vitamin D was low and they were saying that just like vitamin D which I had no idea could impact like basic whatever like your energy levels and things of that nature of like how it's really important to be taking vitamin D if you're not getting enough which I'm not because I'm pretty much inside all day and I don't know if you guys have seen my severe lack of melanin.

um it's just not a good situation. Fasting is wonderful as well. so I end up accidentally fasting just because I don't like I Love breakfast food. Breakfast food is the best food but I'm never hungry for breakfast.

So when I'm not hungry for breakfast and then just because of my work schedule I end up kind of not eating until like noon or one every day anyway. Um, so I'm not one of these people who's like, you gotta fast like fasting's the best thing ever. If you're not fasting, you're dying I'm not one of those people. Um, but I do most days end up accidentally fasting or like unintentionally fasting? Uh, but.

but speaking of being a D-gen apart from getting FRC I also came across and bought a pack w at 100 shares average 8.99 so that's another. Regional Bank um I am by no means an expert on this one. I'm also not an expert on anything. that one's doing better.

so you have a solid dip by unpack W What's the other one that everyone's kind of? This is in another. Regional Bank I Feel like a lot of people? Okay, hands up. how many of you are degenerately trying to get involved with these Regional Banks Are you like? Okay, yeah. I like the risk reward.

Let's see if we could catch a falling knife or are you staying away from it? Or are you more so now intrigued by what's going on in Bitcoin in gold in silver in TLT Like what is everyone's like major Focus right now or a little bit of everything you're like dude I'm loving Bitcoin I'm loving gold and I'm also trying to dip by is a little bit of everything. or where are we? Where are we? at? just because obviously I want to cover what you guys are like. Most interested calls on vitamin D maybe we could do that gold Shaw is in on gold Dean in Mara so we'll call that one Bitcoin uh FRC I'm in on FRC FRC So we have some pack W efforts is anyone in Western Alliance wall at all Silver All right we have FRC I mean I'm in that one myself and thus far it's been pretty painful. and I I mean I recognize it's fully degenerate like and I think we all should and sometimes you can make money being a degenerate a lot of everything.

txrh Alex Shout out. Txrh is where it's at. What if I told you that you could get a small Regional Bank that simultaneously gold and Bitcoin and his name is Texas Roadhouse I mean I Think it's all safe to say that we're all heavily interested in Texas Roadhouse I'm I I I That's my fault for misspeaking. I Should have said your second tier interest because I think if you're here watching this, we all know that Texas Roadhouse is our first interest.

It's kind of like your first crush that you never got over because like, apparently she's gonna end up going to the middle school dance with Pat instead of you because he's better at soccer. and apparently he's so much fucking cooler because he has parties that he stopped inviting you to. So that kind of a thing like your first interest, we're I I meant your second interest. Basically here, Uh, Matt is the Spy holding on fake news? Uh, what would the fake news be? Uh I see consolidation.

This is the daily chart, but over now. two two trading days in a row. lower highs and higher lows. Classic consolidation.

there's there's I Don't think there's a clear movement yet? Yeah, you could pay attention to the 200-day moving average, which is roughly it should be showing up right there. 393. uh, Three nine. Let's just call it like whatever.

392.50 to 393.50 has very clear resistance. That rough region. um, not only is it technical resistance, but we also have the trend line. And then obviously people, we're in a classic holding pattern.

I showed you from the seasonal trading uh that today is a chop day. We also just know it's going to be chopped. most likely because we're heading into the Fomc meeting on Wednesday. So in terms of like overall big Market moves, could it happen? Without a doubt, but I'm expecting a classic hold pattern for my premium sellers.

I Think this is a great time to be a premium seller? Uh, watching AMC watching AMC due to Credit Suisse finding its fate. Uh, but the Credit Suisse They had some negative commentary on AMC but they didn't have that large of a position. Dustin I believe the last time I checked into him I Remember way back when that Credit Suisse said that AMC is like whatever. worthless or something.

Not verbatim. but I don't know what they said some negative things about it, but I don't believe Credit Suisse was that big of an AMC owner. so we'll we'll see how that all go. We'll see how that plays out.

Tesla's reaching right now. All right. So FRC is swinging up a little bit. Credit suite's kind of going flat so let's try to get some of do we? Oh Tesla Popping or wait is meta popping again? Meta finally taking a breather? Of course it takes a breather after I Get out of my call Credit spreads typical Zuckerberg I think I think Zuckerberg personally had it out for me on that one.

or maybe it was just the Citadel intern I don't know or semiconductors popping again. All right, let's take a a bigger look. So as we're waiting for this to happen right now, the overall Market is at the 200-day moving average above it. and this was all fully discussed in the newsletter.

If we're above it, holding above it I in the short term in Bullish. If we're below it and we keep getting rejected by it I am in the short term bearish. It's honestly easy peasy simple. Are we above or below? That is very much what I care about in terms of the overall Market But I do want to bring to your attention how some other things have been doing extraordinarily well lately.

Obviously, when things get a little assessed and people are very keen to retain the value of their assets, Well, if the Market's on fire and they don't know what's going on with bonds or yields, and they feel like Crypto might be a little bit too new for them, a lot of people are going to start looking at gold and we've seen gold absolutely ripping. So this is GLD which is an ETF for it if you want exposure through a basic account. For those of you who are Futures Traders Gold is recently now. Uh, well.

just got smacked but got above 2000. We were talking about this. Very like. This is such an evident, um technical setup.

Let me clean up the chart for all of you really quickly. Um, classic cup and handle. Here's the giant cup. Here's the handle and it all's going down.

right at that. like key, psychological and Technical level of 2000 Massive cup. Massive handle. We talked about this: Expect an initial reaction just because it's such an important level.

Psychologically, so many people are probably like dude, I'm just happy to take my profits here. This was a great trade. They might have been in it for a while and they're taking profits I'm expecting a smack off of it, but as long as we can stay above whatever 18 25, 1850, Ideally above 19.. If we can keep with this pattern of higher lows, I would be looking for the next one, especially given the current craziness to be the breakout and run on gold.

Pay attention to Gold There could be an interesting trade there. A lot of people talking about gold you could look at Silver as well. I mean just a lot of people are starting to notice that some of these precious metals are doing well. So silver? Um, just doing well.

Check it out, you could find ETFs for it. This is the Futures Market you um bonds have been doing well, especially long-term bonds. We've seen TLT go from 92 up to 108 right now. Looks like kind of a triple quadruple top scenario at 108 109.

so I'm paying attention to that for the breakout. Obviously, if you do it, you'd be your most reasonable risk at least in my humble opinion would be closer down here to 99. But a lot of people saying okay, it seems like the Market's a little sus. we might as well get whatever a three, four five percent return from the government.

We're assuming the government's not going to blow up, so let's just get some long-term bonds and wait for them to hit their maturity. so people are watching that and then obviously I would say kind of like the cool kid on the Block relative to Gold Silver and bonds that have been around since Jesus himself we have Bitcoin and I Think with this just having kind of almost like inherently better marketing because like more people talk about it, it's like that hip thing and it's still pitched as a way to retain your value from like battling inflation and like especially this like the whole thing is like we're anti-bank like fuck. Banks Banks are losers. Um, that's part of Bitcoin's pitch.

Well, that's why it's doing really well because people from a societal standpoint are now saying wow, maybe we shouldn't have a fractional banking system that currently requires zero ratio. Zero ratio is required in terms of what they have to keep there the our fractional banking system. Maybe it has some pros, but it also has some very evident cons. And now people like hey, you know what, we're kind of done with that or at least enough people are saying that that we're starting to see Bitcoin really rip.

So it's interesting to me and we've been talking about this honestly quite a bit Last week of to see that what's typically thought to be boring gold, silver bonds and I would put it in the same category. I'm not saying Bitcoin's boring, but I would say it's like where people are putting money to just like kind of protect themselves. It's interesting that these quote-unquote boring things and also Bitcoin um now are of great interest. Um, and I think you guys are like in a strange way, almost like hedging that with like some of the most degenerate bets you could be making right now.

So like part of you are buying like trying to catch the falling knife in Regional Banking and then you're also interested in like gold and silver uh, an interesting mixer combination dichotomy whatever you want to call it. but it's crazy how like just with massive I wouldn't call it a regime change in the market but with massive volatility and development of just to see the crowd of retail and what you're actually like interested in I prefer gold and silver physical gold and physical silver. yeah Charlotte um I know I I wrote it down you guys last week told me where to get some and I don't as of now have any physical gold or silver but I feel like I might as well just to be a little bit more like Diversified uh at zero there's no system really, it's just numbers and an ancient digital. Ledger you're saying like USD I 100 agree 100 agree I was thinking about I was trying to I have like some notes Here and I I was trying.

Okay, so a little bit after this like like I said folks I have to drop a little bit early because of I'm doing an interview and I don't know whenever I'm invited to do an interview I personally take it very seriously like I think about a lot I take a lot of notes I try to uh do a lot of research. like if I do like a little five minute clip. that's probably a couple hours of just for that clip of research because like I don't know like I guess I care about my brand and I don't want to come off like a schmuck and this one's gonna the upcoming interview today which you're gonna be able to watch live on Yahoo finance at like 10, 45 or something uh right around there is going to relate to obviously retail. what are you guys saying about Banks And of course once in a while if there's extra time, they just ask for my own like personal opinions on the scenario.

and that was the question that I spent so much time thinking about because if you were to ask me like, what are my thoughts on Svb? what are my thoughts on banking like? how did we possibly get here like what's going on I feel like it's a laundry list like I feel like it's just so like it's so easy to say like one thing like people will pop off and all those Bankers are assholes I'm like yeah I agree but I just don't think that's a story like I think this is like a multi-faceted issue I think if we looked at it in the biggest picture possible like and then we'll get like more Niche and more detailed with it. This is what happens when you have so much cheap money for so long. like when the party's going and it's seemingly free Now people are surprised when the bill comes. So first of all, this is what happens when interest rates are just so incredibly low for such a prolonged period of time.

I Think that is something that is like fairly to be discussed and then instead of like maybe fixing that, we got hit by the unfortunate event of Rona which then prompted one of the most insane quantitative easing like monetary policies of all time. Folks in a one-year period, 40 of the money in existence came in that year. we added 5 trillion to our assets. the FED did.

We didn't do it, the FED did it and they just kept like it's very maybe hindsight bias is like 2020 in this scenario. but I think it's very clear that we overshot things by about six months like Not Only was the party going beforehand, but the party was really going like to get us through it. Allegedly those are the steps that had to be taken. They like were partying even fucking harder like that's insane and then it didn't help the situation.

We're not. First where people were like well hang on if you do that there's going to be inflation and then the FED looked those people like they picked them up like they were bullies and they're like shut the fuck up nerd. There's no inflation. That's essentially what the FED did.

And by essential I mean like rumors are. That's what they did. You know, wink wink nudge nudge. And then finally when those nerds were right and they're like, well, yeah, I know we set inflation and they're like, yeah, shut the fuck up nerd.

It's actually, it's legitimately just transitory. We don't know why you keep bringing it up. Uh, you're just like some loser who's fixated on something like we admit it. There's there's inflation.

Is that what you want us to say? But it's totally transitory. That didn't help at all when they told people they're crazy for thinking there would be inflation and then when that was proven, they're like, well, duh like. it's just transitory though. And then obviously we're now in a situation where it's far beyond transitory.

So I don't think that helped at all. So overall, we had money that was too cheap for too long. and then with Kovid it got even worse. Like the that whole situation because interest rates were kept at zero.

They did stemi checks like that is not good. Like the the party got way too big and now we're paying the bill and then we were told that the party wasn't big. People knocked at the door of said party and they're like hey, maybe like we should quiet down and like no, you're just a nerd, like we're partying and like you should, shut the fuck up and then all of a sudden if we look at just to keep going with this metaphor, the people hosting the party, the people in charge of we'll call it policing, parenting regulating said party. This is where it gets a little crazy.

So as I alluded to before, we're not in a A system that is emotion free. There's obviously humans involved. And the thing that like got me really ripping my hair out as I was prepping for this is the fact that right now that Gremlin the Treasury Secretary Yellen is in the position with her cohort of deciding who lives and who dies, that's the position she's in. Now another way to put that is: the person who gets to currently play God in the banking sector is also the same person who's taken seven million dollars in speaking fees from the banking industry.

There's no way that's not going to have implications on who she sides with and who she sides against. I I Just don't buy that for a second and all that you guys might be commenting. um, well hang on like the bank is still like responsible if the bank mess up I Agree I'm not saying that they are absolved at fault here. We had very very piss-poor management especially from Svb.

So if you his name is Greg Becker This dude well the whole leadership team in the past two years sold 84 million dollars worth of stock. Greg Becker the CEO in late February February 27th sold 3.5 million dollars worth of Svb stock and then right away turned around and tried to raise money after trying to cover up a 1.9 Trill or billion dollar hole when he sold bonds. So basically they're trying to cover up that whole fix the whole fix the problem. but as he's raising money, the dude himself is selling, that's crazy.

That's absolutely crazy. So yeah, and like that I find really sucks. but in terms of just general management, how do you not hedge a bond position in a rising interest rate environment? When the FED is telling us at the start of 2022 that yeah, no, we're going from quantitative easing to quantitative tightening time and time again, they looked the camera dead in the middle and said we are going to quantitative tightening talking. Listen to us how is the 16th biggest bank in the U.S Not doing some, they didn't hedge, they did not hedge Rising interest rates.

How fucking dumb. That's just mismanagement. So my point is is when you're seeing all these headlines and people's opinions and sometimes this is a function of like the medium where you're getting your media is like maybe your character limited this problem. it's It's not just one thing, it's so many.

just missteps and mess-ups and unfortunate events on the entire thing. Yeah, you have sus things from the CEO Yes, you have a bank that's being mismanaged. Yeah, you have a tough environment. Yeah the people who are leading it are in one way or another, in my opinion, being paid off.

Yeah, we have poor monetary decisions. We have people not listening to the monetary decisions. We have an overall expanding credit system that I think a lot of people don't understand and we're always just devaluing the dollar and printing and printing and printing acting like that drugs and seller that I referred to before with it. It's so so much deeper than just like pointing the finger at one person.

And that's what obviously a lot of people want. Because like people like short content, they like headlines. They're like who should I blame at this, who should I be outraged at this and like a lot of them are right. but it doesn't end properly.

Like yes I agree with a lot that we're hearing and we're saying, but it should end with a and like oh, the the bank management is fucked up. Yes, it is. And and then we could talk about like and Yellen's getting paid off. Yeah and we have to talk about quantitative Easing and and in there's so many ends in this scenario that I think it's incredibly important and it's just those details are lost because people a lot of people seem to just desire.

Like who can I be angry at right now? Where can I direct my outrage and it's seemingly acting as if that's the the entire answer and I would never disagree. Like I think it's part of the answer? Yeah, Should we be pissed off at the FED Sure, Should we be pissed off at the Treasury Secretary? Without a doubt. Should we be pissed off at banking? Should we be pissed off at the fact that some of the banking regulations from uh Dodd-Frank got rolled back in 2018? Yes, Like there's so many Ands and ands and ands and ands. but people don't want that.

People want to be like fuck it like I'm gonna blame one person and that's who I'm gonna blame and then throw the cause of all of this. Inherently folks, never forget this. When you boil it down, when you have vast, complex systems like this at every single stage, don't forget that a human is involved. And humans are not only fallible, but most of us are greedy little fuckheads.

So when you have a big complex system, you have a lot of people. Which means that many different stages you're gonna have people who make mistakes, people who are corrupt, people who are bought off, people who just want to make money themselves. And maybe you can skip a couple levels where you have whatever Mother Teresa like figures. But statistically doesn't make sense to think that the entire system is going to be perfect.

There's too many layers, there's too many people involved, and even just one person who's trying to line their own. Pockets could fuck it all up. And inherently it doesn't go that way. Generally at every single level, you see multiple people all trying to do what they can 100 of the time I will never, ever be convinced of the otherwise of just like no, we have a perfect system that these humans are great.

Humans are doing what's best for everyone, even if it's not the best for them individually. No, fully. I fully fully believe on an individual level. They think about that and then they think about what their overall job might be.

Someone just switch their name to Drunken Sailor. That's hilarious I Saw that Fat Cores account. Uh, they now have a website and it's become like a Next Level troll on me which I very much appreciate I very much appreciate it. The civil servants in charge at our fault should pay 10 on every million dollars they have.

Anyone that has a year of negative reports in the economy should be, uh, relieved of the position it would be tough to like really. Um, do that because like, sometimes, like, whatever. Like sometimes there's like a giant economic crisis that you have nothing to do with. Like it would be tough of how we actually codify if they do a good job or not because everyone has like a million different opinions.

Uh, a million different opinions I get I'm in support of what you're saying from a high level but like there's always a difference between theory and practice and to implement that in practice because sometimes things are really good and the numbers are like facetious and or not facetious fictitious. um and then other times things are bad but like the person in charge actually handled it well and it could have been way way worse. So it's just like and then our like how would we be like well hang on like they could have done better. well they actually weren't a lying piece of shit.

it cuts a bunch of different ways. hey hey oh you guys are talking about a again dude I'm so past that dude. he's a fucking scumbag I Don't know what it will be, but eventually some sort of Truth is gonna break out about him and it will be the end like there one of these days I don't know what it is I don't know who's gonna do it I don't know what it'll be, what it will relate to, but my gut feeling is Something's Gonna Come Out about him personally related to this whole AMC squeeze craziness. and if I had to bet it's going to be about either uh, him lining his own Pockets or actively knowing he's going against shareholders or like paying fucking someone like something's gonna happen.

that will be the downfall of his House of Cards I don't know when, um, but that's my gut instinct man. Tesla Had a solid pop 177 to 183. That sucks for my puts, but uh I don't think it'll last for too long FR