N Hot Pepper Hot Pepper w hello hello hello hello can you guys hear this? Fuck is this coming through God fucking damn it, What the fuck is wrong? What the fuck? Yes. now it's working. Oh God All right, we're back. Not quite the the search of the show that I wanted it to be, but here we are here we are.

Oh brother oh brother oh brother. Get your coffee because we're about to have a little bit of degeneracy folks. I Want to be honest with you I want to be straightforward with you your boy this morning I got up, went to the gym, crushed it I was feeling myself, not feeling myself up but I felt like ah, it's Friday like I have my shit together I had a good trading day yesterday if you guys all got that. D Gen Report Finally got my account back into the green on the week after the bad beat two days ago.

so account back in the green on the week so that's always good. Um so I I I was feeling good and then I decided to do a little bit of degenerate trading on my prop accounts and I blew 17 of them out I didn't blow out the wheel account I didn't blow out Rumble's account and I didn't blow out YouTube's account because I at least have the dis to not touch those. but the other 17 oh oh oh oh I did and it and they went up which is crazy and then they went up more and then it was continually being greedy and then they eventually all blew out. Um so the name of the game today is to get those 17 accounts approved.

Once again, this guy looks tired. You look tired Trevor now I was up late watching peaky blind blinders and then I got like into like a Tik Tock like Doom scroll where I was there for like hours and hours and hours. Um so I probably am legitimately tired but now by the pure thirst for winning this game that we call trading I do want back in I want I am energized purely by Revenge trading. It's no longer blood going through these veins.

it is the pure adrenal enine of trading on till it is the pure gamblers high of I will win this back if you don't understand what that feeling is. If you've never been there before, this probably isn't the show for you. This is basically Gamblers Anonymous but instead of like helping each other with like severe addictive issues, we're kind of on the other side of it where we're like imploring each other to do more and to do it higher and faster. What does Dr disrespect say? Speed, Violence and intensity.

What's his three saying? speed, Violence and something? That's how we attack the market with speed, violence, and pure ferocity. I'm going to be getting this back and there's some naysayers I See some naysayers in here right now and it it doesn't matter to me because I'm about to embarrass you, about to embarrass you and you might be wondering, how am I going to embarrass you You might be thinking, well, does he know what he's talking about today like what's the deal Let me let me give you the situation. Let me give you the situation right here. The Spy First of all, looking good.

We basically are at all times highs Technically, it was two days ago that we had an alltime High the Cu's similar situation. but what I'm looking to take advantage of is some of the economic reports that are about to drop. So first of all, just to set the scene, um, what is this? Royal Court rules Israel must prevent genocide and Gaza fall short of ordering a ceasefire I Didn't know there was a world court, but apparently that is now a thing. Stock feature side after latest batch of earnings.

Well, in all reality, we're kind of just coasting sideways. Here's the S&P 500 um Futures market. And here's a look at the spy at the cues like we're not really slipping. Everyone's just kind of awkwardly waiting for this meeting to come out.

Speaking of macro economic events, us extends lead over China and race of world's biggest economy. Um, this is all about the GDP gross domestic product. The US's is going up more than expectations while China's is going down less than expectations. It's a striking turn of Fortunes the strong performance of the US economy in Tum, with all the short-term and long-term headwinds, the Chinese economy is facing renders it less obvious.

Preposition that China's GDP will someday overtake the Us cuz it's not going to China's going down and down and down and India is going to become number two. And then we're going to have a South American number three. and China's going to fall all the way to four in the coming decades in my own humble opinion. But that was all news as of yesterday.

What's going down today? How your boy's about to make his money back today? all has to do with the Pce the personal consumption expenditure. We have an inflation report coming out in about three minutes I don't know which way it's going to go I'm just going to rip violence, speed and momentum. That's Dr disrespect. dude.

what a good, what a good one. Um, so anyway, we not only do we get the excitement of our boy Rick and Tilly chatting today. obviously Rick's going to be litting It Rip but I have a plan to take advantage of this. I have a plan to take advantage of this and what I plan on doing is just taking basically like 17 accounts.

Right here you can see them all lined up. Uh, these 17 I hope it's I hope it's 17 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 13 14 15 16 17. Lead account is 76. Lead account is 76 I'm about to rip it with 10 contracts.

Um, and the reason I'm doing this is because right now, honestly, it's not even pinned. Uh, you'd have to go into the description of the video, but they're technically not the sponsor of tenation. The reason I'm doing this so aggressively today is because Apex is doing one day approval. Generally you have to trade for 7 days, but not only is it 80% off um, but I'm on a 50k account and 50k to pass the test.

you need 3,000 in profits. Generally it's 3,000 in profits and you have to trade seven days. Well, I'm since it's a one day pass. if I hit 3K in profits today, I pass the test and then I'll get all my PA accounts back.

So that's the plan. That's why there's aggression. That's why there's violence, speed, and momentum. That's why everything is going down Highly impactful.

Yeah, the PC report is definitely highly impactful. I just need to time it. This is all about the perfect perfect timing. So what I'm going to do is pick a direction.

Basically at 8:29 and like 55 seconds, like, right before the report is, uh, announced, your boy is going to be picking either long or short. actually, which way you guys have like a minute to answer. So I need you to like, really be on the ball here and answer me now like now now. Oh my.

God this isn't even up to date. Uh Maui Money 6 months after fire? All right I Feel for the people of Hawaii but I need to prep up I need to get into the game Bear Bear Lots of bears in here down short lot of bears in here which really makes me want to go bullish on the whole event seen. um Jane Thank you for attention to it on how they continue to rebuild and we hope you can keep good these updates. Jane Wells We are approaching December Pce inflation date a big number for the markets.

It's hitting at about 45 seconds ahead of that. We've been watching the Futures and you can see right now the Dow futures are down by about 61 points. Part of that is what we've heard from Visa and Intel overnight put some pressure on things. Looks like right now the NASDAQ futures are off by about 66 St Futures down by 50 S&P futures down by 3 and A2 We've also been keeping track of been happening with the treasury market.

uh and ahead of that last we checked I think the 10e was settling in right around yeah 4.1% still the twoyear yielding just above 4.3% but again this number is going to be key for the markets. With fuck people read on personal income, all the ination numbers within side we're expecting up on the planet can do this typ of work. Now if we look at Lord's work up1 that's definitely stronger than expectations and in SE find a higher number back I do need to trade on 26 Now let's look at real. It looked like one of them was SL expected and better than the rearview mirror by two10 of a% Maybe I should make sure all these turned off mess.

1% in this real spending category was July number Once again you have to go January of 23 when it was up 1% Now we get into the Pce numbers month over month deflator up two10 month over month Deflator up two10 that is uh a A do need to get this one account over 3,000 cuz it's at 295 little bit in mind we hadlo Apex ninj Trad in0 now we AB that's what you guys come here September that's what you guys come here. Let's take that BCE deflator and go long ball year over-year up 2.6 I do need to do one little baby trade get final account 295 I need since Fe knowledging that it's the same as last month. So last month really takes it back, but that continues to be pretty good news. Now let's look at one and I'm our last look but it does match expectations.

And finally, the year-over-year core deflator just up 3/10 is up one10 less up 2.9 and it is 3/10 below the sequential bucks on this final account. and then I'm done ends up being lowest going back to Oh man, we're going to go back aways here. Say something to it. us to March of 2021 are better numbers we had a couple.

see there's been a two-way trade. we traded under 410 in a 10 year. Then we pop back up H around 414. a few of the metrics were a little like I Give you some interesting facts on 10 bought yesterday, closed at 412 last Friday it closed at 412.

So we're starting to see a consolidation and we want to pay very close attention to which side of 412 close on. Today 2024 has been up. Remember we closed 38 unchanged the previous Becky Back to you all right Rick Stay with us. We've got a panel about this new inflation data for that we want to bring in EJ Antony the her foundation economist Amarth who is employee America Executive director and our very own Steve Leeman and Steve Let's start with you tell us more about what you find in these details.

Well, the consumer keeps on keeping on that 07 is surprise to the outside and it's positive on an inflation adjusted basis as his income but just barely so just 0.1% come down from the November don't real uh income gains and the PC is headed the right way. the uh, the headline is unchanged but I think for the first time uh, maybe I don't know if this is time for the party hats or not or the Kazo and the whole thing, but you do have a two handle on the Flo and that's headed in the right direction. Um, while the other F are talking I will find the index number calate the 3 month so hard. Finally, the last account.

those are going to be below brother, brother brother. How much money was that officially locked in? All right 17 * 3 51k Done. That's how we do it. That's how we do it.

We're back. We're back. We're back. I Was there yesterday.

lost it this morning. back again today. 51k That last one. we had to work for that one.

We had to work for that one tono we had to work for T Who is this guy? What was the result? Anyway, are we up or down core? PC It was. It hit estimates I missed the numbers I was too jacked up. uh I Think the fed's obviously going to be looking for validation of this in the coming. Uh, especially January Especially volatile.

but if inflation is normalizing, especially with a market that looks more in Balance, there is certainly a motivation. I Think the FED can and should be looking to normalize interest rates soon. possibly as soon as March who that would be soon? You agree with that. personal income profit.

If you look at only secur held outright by the FED then yes it. It does appear like like we're still tightening and we're going to be in If there were a villain of Wall Street This is it Pointing the other way. You know we're talking about how the consumer keeps on keeping on. but I mean this is this is all just entirely fueled by debt.

It's amazing what $800 billion in new federal debt can get you. Apparently it can get you about $300 billion worth of GDP growth I mean the idea that this is in any way sustainable I Just I I Don't see how that in any way can line up with the facts you know. Bank Reserves have been growing for about a year now that's been fueling the SNP and as you continue to watch things like the reverse, you see money moving out of sterilization it's being used to to fund these massive auctions by the treasury. So I just don't see how we can possibly continue.

Uh, to have these lower inflation rates? I Mean may they continue for another month or two? Sure, But after that I think we're going to be right back on the roller coaster. Hey, Steve What's the FED look at I mean you're bringing up these same questions that that Sconda was kind of saying. but the idea of cutting rates in March does that seem plausible to you at this point? No. I I I Don't think so.

I Think that the Fed's going to want more in the way way of uh backing I I did calculate I Got to the 3mon. uh. annualized rate is 1 and a half after a 2.16 rate the prior uh month. Becky So it has come their way.

but I think we said this a lot of times. the FED is using this Paradigm of the 1970s where the feeling was they cut they cut back too soon Now I think there's a lot of differences with the 70s that maybe don't make. Make the analogy not hold up quite so well. but it's the Twin Peaks If you go back and you look at CPI uh over over the Uh period from 1974, say it through 1980.

you see it goes up. It comes back down, it comes back up. It's their fear they do not want to reverse course. They do not want to make a mistake now.

I think what there is Becky is an in between kind of thing. The market has this very aggressive uh um uh rate path built in and the FED I think will be less aggressive. I I've always said like sort of like the May meeting makes a lot of sense to me. they personal income actual 3 versus they can go every other meeting to go more cautiously.

All right. Rick Uh, the market still thinks these rate cuts are coming. What are you thinking? As somebody who has watched treasury markets for so long and so closely, somebody who's participated in all of this, the March meeting might might as well be in the year 3000 Because to me to draw any significant conclusions this far in front of the March meeting and say that since the market is looking for it, the Fed's going to deliver it I I think is a mistake. Now if it was 2 weeks before the meeting okay, maybe it' be a different story and I think that's where you're going to start to see as you get closer and closer that the Market's going to probably give you a more accurate perception what investors think.

But if you want to be agnostic with these numbers, come on. S on spending. And we've all read about what credit card debt is doing. A B Let's look at the three areas.

Okay, there's seven numbers that came out today and I only basically saw one that was inflation friendly. Okay, whether you looked at the Pce deflator month over month, it was up 3/10 If you looked at it year-over-year it was unchanged, but not at 2% And if you looked at the core month over month, it was onet higher. Only core year-over-year was actually lower. And anything with a core in front of it.

After today where we see the Biden Administration getting, uh, you know, shooting their toes off again regarding energy like Com when they first took off off that through the industry in a tizzy makes no sense. Anything with the word core in front of it is going to make people scratch their heads a bit because a lot of the policies in place are not going to be friendly to noncore inflation metrics in the years ahead. Sconda let me have you respond to those concerns: I Think the FED has time to evaluate this and I agree that may maybe maybe even June Deping on we learn the data I would flag that January especially which that data comes out in February will probably be pretty high leverage for the FED to understand how much of the last six months or three months is really an artifact of seasonality. um, or how much of it is actually fundamental.

I Think there's at this point Arct increasing signs there is fundamental inflation in place br% With some understanding, inflation for inflation, headline inflation might get stuck around 3 and a half to 4% especially if you look at their policy Rues rules. But we're getting more evidence that, well, maybe some of the disinflation might be transitory. Maybe some of what's going on now may reverse. We're getting further away from that.

we're getting closer to 2% and as we get closer to 2% Again, inflation normalization probably justifies at least some interest rate normalization, especially as we get more evidence. Mar March May June We can debate that now we'll learn more over the coming 68 weeks. Sconda: EJ Rick Steve Gentlemen, thank you all, thank you coming up after this, we're going to talk more about the new inflation data that we just got with Economist and author Judy Shelton returns with that after this. Well, that sounds boring.

don't need to listen to that anymore. but um, people are sending me this clip. So I Think this might be the perfect one to start the day. This might be the perfect clip to start the day.

Uh, sounds like Biden is rocking again rocking again. Let's see what he's up to. Beer brewed here. It is used to make the brew beer in this.

Oh Earth Rider Thanks for the Great Lakes I Wonder why beer beer brew here? Sounds like he got a little bit into that beer that was brewed by the Great Lakes You know Brew here it is used to make the Brew beard in this Oh Earth Rider Thanks for the Great Lakes I wonder why you said honestly couldn't have said it better myself. could not have said it better myself. The bear Brew here. Beer Five things know: be for the Stock Market opens today Friday January 26 where we're going to Bear The Bro be like be get that be be taking stock Intel crushed by its earnings.

We'll be talking about that growth era. uh GDP crushing and outpacing China deep Cuts Microsoft Laying off people, the stock, liking it. Msft going up FTC takes on AI the FTC is digging into AI announcing an inquiry into the Field's biggest players Amazon Alphabet Microsoft Anthropic and open AI to review the quote unquote Investments and Partnerships being form and test slump whatever intern that was we need to give them a raise that look like look at that look how they just played it like they turned the A into. um whoever comes up with these headlines give that person AR Raay but yeah Tesla also getting crushed very quickly.

the spy uh, little three cents below the close from yesterday. the Q's uh, a120 off the close from yesterday uh Tesla got brutalized yesterday. Let me clean up some of this chart. this is: this is a no buo situation for old Tesla here.

Um, getting it as low. what was yesterday: 180 currently trading at 185 trying to bounce. There is an upside Gap fill to 206 Maybe something worthwhile to pay attention to if it goes 1 sub 178 I Think we dive very quickly into the 160s as I alluded to Microsoft looking pretty good. uh, announcing that they're laying off people and the Market's like sick.

We're cool with that. Uh so Microsoft getting above holding above 400 still currently the world's number one, but the distance between Microsoft and Apple based on market cap is actually getting very, very close. Um, but anyway I think I moved my where's my stop on Netflix or excuse me I've been swinging uh Microsoft for a hot minute now and I I'm in at I think 19250 is now like I just keep moving up my trailing stop loss Nvidia Nvidia is crushing it Pelosi's crushing it now. It hit a high two days ago of 628.

Absolutely insane Netflix had really good earnings. It's actually continuing to push to the upside. Nflx crushing it. More subscribers they have that Raw Deal Looking good Meta Slowly but surely grinding up.

Grinding up grinding up. This has been a main watch on the watch list that Daily News or the Weekly Newsletter excuse me, grinding higher and higher and higher. Is this an all-time high? It is. Meta hit a new so Netflix actually I just want to make sure I'm Nope.

Netflix is not. So what we have is Meta alltime. High Microsoft Alltime High and then you also have Nvidia alltime High I believe AMD alltime High I think AMD alltime High Uh, lots of alltime highs folks. you're starting to see the trend that certain ones obviously not all of them, not all of them.

It's not the party for everyone. this is an exclusive party. It's not like we invited everyone. um, but a lot of companies doing pretty good, especially in the tech sector.

Intel Getting hit, not the best earning so not an all-time high and now severely gapping down Apple almost at an all-time high kind of it is making a recovery. Got above its Cloud came up. Um, if you're looking to be bullish on Apple maybe wait for it to come back into the cloud. create a higher base and then pop off of that I think that patience will pay on Apple Um, but like I said Microsoft Currently the king of the market actually coin getting destroyed as well.

uh, coin going from 187 all the way down to 121. but remember, coin's alltime high is all the way back here at 425 so has quite a b bit of distance to go. But I do want to bring up Bitcoin just because Bitcoin's actually making a recovery. So I'll talk about this in more detail.

like a little bit later. uh, but Bitcoin uh got hit and now maybe a fake out breakdown coming back up in the cloud. So I'd be looking for a push above 42k and then the old Bitcoin party might be back on. In fact, let me save this for a little bit later.

we'll get and we'll get into more of the Bitcoin talk a bit later I Just want to get it set up so I'm not awkwardly fumbling around when even more people are here for the show I'd rather fumble around right now. Obviously we're in the middle of earning season Intel reported that's why it's down so much I haven't seen the American Express numbers I'll look into those in a second, but the earning season does not just stop this week. Obviously, the party will be continuing next week with the likes of Apple Microsoft Meta, Amazon all coming down the pipeline next week after earnings Miss Kramer says Tesla's out of the Magnificent 7 if you are Tesla blow massive congratulations to you cuz we can safely say Tesla is now back in the Magnificent 7 probably as early as today. Kramer Going bearish.

So if you were worried about your Tesla position, there is no other like purely 100% accurate prediction than going the opposite of Kramer Kramer says it's out so I mean hell at this point Tesla might become the Magnificent one JP Morgan Shuffle Top managers is Jamie Diamond prepare successors Jamie Diamond should get out I mean he I think he's just kind of lost a step honestly. But anyway, here's what's going on with: JP Morgan Did report earnings actually pretty good about a week ago? but uh, just in terms of individual companies want to rip through all this through this. So two big changes here. Uh for two? uh, very important people Chenal and a lot of speculation as to why they're being moved around.

Yeah, absolutely every time you see a release this expansive with so many names being put out by JP Morgan you wonder where it falls in the succession story. So I want to point out a couple people in particular: Jennifer Pipac who had run the Consumer and Community Bank alongside Marian Lake she is now being moved to a more institutional business. she's moving over to become a co-ceo of a commercial and Investment Bank alongside Troy Robba, who has really been rising up the ranks quite meaningfully at JP Morgan. Remember, this is a very competitive time Roma for the markets businesses across Wall Street and Investment Banking and markets are two power engines at JP Morgan.

It also brings Jennifer Pipac back to her roots in some ways in that business, but in a very, very senior role as a co- CEO of that business. Remember, she's one a few women across the industry as well to be leading such a massive uh Investment Banking business at that scale. H And you know what's interesting too is you'll have now Maryann Lake as a soul CEO of the consumer and Community Bank which is that big card business and the business more tied to households? These two women are very closely watched in the line of succession. And now, just another thing, a new thing really added to Jennifer Pit Zack's ranks here in in her portfolio.

Yeah, and it's worth mentioning as well. Marian Lake the former CFO of JP Morgan So she's kind of made the rounds in term of in terms of these top SE Suite positions walk us through uh, the main people we should be watching here. Uh, you mentioned of course Jen Pips Zach You've also mentioned Marian Lake Uh, there's also Mary Erdos who we need to kind of keep in mind in terms of the possible successors to Jamie Diamond Yeah, certainly so. I would say that lately there's definitely been a lot more conversation about the other two women who have been rising around the ranks.

Remember when you're JP Morgan or any other bank for that matter, giving people a chance to oversee different businesses is very important here, which is why so much of Wall Street So many investors are watching how Maran Lake and particularly Jen pip at this point are being moved around. One big worry about JP Morgan is what JP Morgan looks like without Jamie Diamond Because he's built such a massive bank that tends to lead in so many different businesses, they want to see whoever his successor will be be able to keep JP Morgan number one, and if not, number one. at least number two in most of the business lines they're in. which is why this breath of experience matters so much in terms of moving people around as they're planning their succession story.

All right. So little bit of update there moving around. And yeah, I mean he is well respected. So just if you're in JPM because I know a lot of people have been watching the financial sector.

Something to consider because big movements we saw that kind of somewhat with Disney and Bob Iger being there, leaving, coming back. it does have a huge impact on the stock. Microsoft Cuts 1,900 jobs in gaming including Activision Blizzard President Mike Yabara I Hope is how you say it is. leaving the company.

uh, Survival Style game uh, code named Odyssey is being cancelled. so Microsoft uh, we're actually seeing kind of a weird wave of in the world of kind of gaming like Discord Twitch. Um, there was an actual what game was it? Uh, it seems like there's um, another wave of layoffs that is in like a secondary or tertiary like way related to the gaming industry. We're seeing, uh, a little bit of bearishness I suppose, but not really in the stock because people are getting laid off and then the stocks are reacting positively and that's exactly what we saw in Microsoft yesterday.

Please don't forget that Microsoft is reporting earnings this upcoming week. uh I Think on Tuesday after market closed. What do we know about the details? Jason This is for M We are facing a real chaos all across the company. I'm getting text still right now I'm getting texts from people saying they don't know if they're being laid off.

Some people are finding out because their slack is deactivated. I'm told by a Bliz spokesperson that everybody should find out by the end of the day if they'll have jobs or not all 1900 people. but uh yeah, it's just chaos over there right now. What took me by surprise and I'd interested if it took you as well is some of the senior Executives that are on the out in particular the President.

Mike bar dude. as soon as you have a British accent, you automatically sound like 20 iqo and smarter like real like whatever she says. I'm G to believe her more than these two guys just because she sounds smarter just because she has the right accent. I Didn't make the rules and maybe it's not fair, but it is the game.

Don't hate the player, hate the game and this is a player with like extra speech ability because she has the accent. It just works Man who I think previously said he wasn't for going. he was going to have to be dragged out and as well as a CH design officer who is actually a co-founder whatever she says, sign me up. I'm on her co-founder technically is, but he he's really the founder of Blizzard He's the the kind of guy and was for a very long time.

Yeah, we're talking about a massive change over there. I think um, a lot of people kind of expected that Mike Bara might be on the way out. um for various reasons. um and I think that uh, he.

he kind of. let's say he ruffled some feathers within Blizzard over the course of a couple of disastrous meetings last year and a couple of decisions that people weren't thrilled about. um, but still, it's a big surprise. Bard Also, canel that wassy kind of a survival game comes as crazy timing this week given that pal world.

the kind of Pokemon with guns Survival game that is selling bazillions of copies just came out. but yeah, it's just it's really bloodier I mean I had been hearing rumors that uh, layoffs might be coming to Blizzard but even this is uh, way bigger and bloodier than I expected. So I've been mentioning this in any big piece of M&a where a very big company joins another big company or is is merged into it. There are often layoffs because there's overlapping roles and they look for efficiencies Etc Um, but that kind of masks Jason the broader idea of what Microsoft was getting in its purchase of Activision Blizzard Do we have any sense of how that integration is going and kind of what the focus of the projects are on the content and title side.

Yeah, that's what we does. anyone appreciate this? We have two well-dressed Wells spoken Europe European sounding people and then we have the American dude who fucking looks like this in a sweater is this America's like depiction to the world. two people far more fit, nice blue dress, nice blue suit, they have the accent they're put together. This guy 5 seconds before the fucking interview had to get Cheeto dust off of his sweater this this is America This is the perfect perfect display of America America versus Europe right here.

like fuck me man and kind of what the focus of the projects are. on the content and title side. Yeah, that's what we still don't don't know we're trying to find out. I Mean it's been about three months since the since Microsoft officially took over.

Activision Blizzard Um when it happened, a lot of people were optimistic. Bobby Kodic, the departing chief of Activision Blizzard was not the most popular guy among the company so people were were excited to see what might happen. Microsoft have to still not communicated publicly what their vision is for. um Activision Blizzard for the Call of Duty franchise for Warcraft for Diablo for all those big games I Do know that there are still new projects in development within Blizzard.

just double down on the franchises that are already successful I Don't believe that is going to be the case, but yeah, we don't know. Um, we are hearing my colleague is hearing that a L layoffs are hitting redundant departments such as marketing and other kind of um, departments that you would expect to be hit by an integration with another company that does similar sorts of business. All right. So there's your update on the world's number one company and then the one that I see a couple of you talking about right here is old Intel which is definitely getting slaughtered in pre-market Intel Stock syncs as early 2024 Outlook comes up short.

so INTC the earnings per share actually beat and then if you look at the revenue beat, so the top and bottom line beat which also shows you that sometimes it's actually your guidance that matters a lot more than how you previously performed as in your success and or failure in the last quarter. uh, guidance really seems to be the major metric that people are paying attention to. So even though it beat which people think for whatever reason, it's the end, All Beall guidance clearly far more important. Uh Intel Closing at 4955 currently trading at 4471, getting hit.

obviously a player within the semiconductor world. Now with that being said, please don't forget next week we have a lot of earnings. So Fiser GM UPS Jeeto Microsoft AMD uh Google AKA alphabet uh Starbucks Boeing Boeings is going to be wild. Uh, you have Apple you have Amazon you have Meta you have Exon Mobile you have Chevron Uh, A lot is going down next week, so we are still in the thick of it with respect to earning season.

Um, this will be in the newsletter. You could get this that e Whispers on Twitter You could just screenshot it right now, but these are all the major plays. I Didn't know this but apparently Nova Nordisk is a huge company. It's a farm.

I Found this out yesterday. We were talking about it in the Discord um, cool symbol but like before this, how many Of You' heard of this? This is a top 10 company in the world I Believe it's a pharmaceut, it's a pharmaceutical company, but it's either out of Norway or Denmark I'm pretty sure it's out of Denmark it's a top 10 company top 10 and I did didn't even know what the hell it was. That's kind of crazy actually to have such a dominant company and you're like what the hell is that I Think part of it is because a lot of us are not trading International stock especially if they don't have um American depository receipts adrs on the US market where we could have access to it. but that's a top 10 company in the world I Blew my mind.

Blew my mind. Maybe I'm the one who just doesn't know enough about trading, but could be that speaking in the newsletter. it's Free Ma. Locals.com It's in the description of the video, it's pinned to the top of Chat.

My mods will drop it in Chat Sign up Maqu Out Locals.com If you don't sign up, you're a crazy person. Uh, because it's free. you get a breakdown of the previous week. What? I'm looking forward to in the upcoming week.

all the major macroeconomic events, all the earnings, uh, seasonality for every individual day. For example, today Friday Historically, this day does favor the Bulls. Here's a look at the equity curve of buying at Open Selling at close on the S&P 500 futures Market The Bulls have won this day 60% of the time over the past 25 years and the profit factor is 1.77 Anything above one is profitable for the Bulls and then I Also give you an update of how the Zer DTE strategy played out in the previous week. But just to give you how it played out yesterday, your boys on a comeback.

So two days ago I had a really bad day and I had to report to all of you yesterday. how I lost 6.2k and I was sad I was angry I was upset I was dealing with emotions that as a man in 20, 20, 23 No. 2024 I am not equipped to handle I wasn't given enough attention as a child and I've never spoken to a therapist. So whenever I have feelings that I don't like I don't know how to handle it and it was one of those days Anyway, ended up losing 6.2k two days ago and then yesterday made 5K of it back.

Um so before we get into my own trades, uh, which? I post this all so like I try to be as open and transparent as I can the strategy. The Piper strategy once again crushed it. A spy put credit spread 46 by 45, a Q put credit spread 426 by 425 if you don't know what credit spreads are call Credit spreads put credit spreads what it means. That's the whole purpose of the Discord I have lecture videos we talk about it.

Um, obviously all these quote unquote Advanced option trading strategies Yeah, it's zero DTE like so it's a bit degenerate, but we at least have the math and stats to back it up of why we're doing it. and then I also share my own trade so early in the day you I started off with like a bit of logic and reason an SPX put credit spread. once again, these are not the strategies, these are my own personal traits. Then your boy went on until I was playing Ndx Z DTE like I was just going for it I was like all right, the market got hit, let's buy calls and then I lost five grand on calls and then I was like let's buy puts, let's buy more puts and then that one ended up like working for me.

So I got in at $13 on calls, had to dump those at 390 so that was like a 5K lost and then I bought more puts switched to the other side I was like well, if the calls aren't working, let's go to the other team so I got into those, then I bought more of those and my average was around 1750 and I dumped them at 26, 30 and 32 and then I got even more of the initial position. the SPX put so I had 30, bought 10 more and then I got out of those at the end of the day at 5 cents. So it it was a beauty. Clark it was a be.

Um so here's how the I guess Equity curve looks on the week. uh obviously I'm not at my Peak but way better than being in the red. So on the day or or no excuse me on the week I now have a realized 2.3k but then on the day I was up about 5k. So if you're interested in this macros locals.com uh you can become a gooni for free.

and when I say a goon uh on locals you could become a member which is free or a supporter which is a premium member. but I give that away for free by if you use the code goony so follow the links you'll figure it out. I have faith in you um I just want to drop this because it's technically not the sponsor of today stream here: Am I on Am I on the right thing over here am I on the right thing. um but technically it's not the sponsor but I know I'm going to get questions.

Uh so if you're curious on how I made this 50k, I was doing it with a prop account to pass the challenge. so I could have a PA account and that's because early this morning I was being stupid and I blew up PA account. So anyway this 50k to take the challenge right now uh just so you know it, it is technically uh, 80% off and then instead of having to trade for seven days, it's a one- day pass I Believe the deal ends this upcoming. Monday So anyway, that's up there.

Uh, I'll give you a couple seconds to get it, but I'm going to drop that link because technically it's not the sponsor. Um, technically technically. if you want to get all technical uh, it is actually this right here. It is this right here.

Uh, shout out to Metap PCS which uh, actually was a huge savior to me today because early this morning when I was prepping for the show, I was playing with Piper and Piper in the morning she plays, but she plays aggressively. It's like borderline like actual fighting. and I think if she was bigger, it would be fighting. but to me because of the size differential, I'm like two three x her size at minimum.

um I generally win. Well anyway, she took on this new tactic of me sitting here and you guys can't really see it but in front of me. I have a couple monitors on on the other side of the monitors I Have this camera. This camera happens to be thousands of doll and in fact in terms of all of my gear, the camera is probably the same cost as like my computer so like it matters a lot to me and she took on the tactic of kind of like underhanded prison rules when we fight.

and she knocked this entire camera off lens and all like it was open. It was ready for recording and she yeed it off my desk and I was like oh golly big smash, lots of noise I said what the fuck Piper she ran out of the room. she started crying I was crying because I lashed out emotionally I thought the camera was broken. so anyway, fortunately it wasn't but one of my cords was broken and I was able to hot swap it obviously on my Meta PC my computer from Metap PCS and look at this.

a Okay, the only issue was if you were here this morning, there was a little bit of an audio issue uh, but I was able to fix that. So basically Hot swapped everything out because of my extra stuff from Metap PCS But anyway, Metap PCS if it's computers, it's computer related paraphernalia, a mouse, a keyboard I know you're not buying that stuff every single day. So all I ask of you is the next time you need a computer or something related to a computer. check out Metap PCS Metap Pcs.com it's Pinn to the top of chat.

it's in the description of the video. You will get a percentage discount if you use the code gooni G O N I e So the next time you need a computer or anything related to it, it's in. America they have financing they have C PCS they even set ones up for us Traders A good, better best setup so feel free to check that out. Like I said, they have laptops.

They have monitors, they have keyboard, they have mice. They have anything related to computers that you would possibly need so ma, uh, metap, pcs.com course or just use the code goon and you're going to get a discount. Um, so shout out to them and also particularly shout out to them today. Uh for ensuring that I didn't completely ruin.

Well, technically it would have been Piper's fault, but I have to I guess take ownership for that. Um, ooh, things are looking a little bit Saucy in pre-market right now. the Spy did push. but now did some other piece of news come out.

Um, uh, tell many PCs you need to be able to run more tabs. That's me and my Chrome issues. that's that's I'd have to call up old Google alphabet for that one. Uh, without a doubt.

I'm curious. Did profit? Did something else just come out? Why? Why are we dipping right now? What's going on? We were looking good for a bit. There report came out at 830. Little bit of a pop.

little bit of a dip. Strong push above yesterday's high and now ever since 9: we have had about roughly 10ish minutes of a bit of weakness right now. Uh, that's that's interesting. Interesante: Migo Hedge fund demands 100 million from its compliance team after SEC Probe I Love this story because basically they're saying hey, we did something wrong and we had to pay a Big Bill because of it and now we think our compliant should have to pay for it because they didn't keep us in compliance.

Kind of a a weird vibe, but I'm here for it All right? Here are the details: Wall Street MMS Usually grumble in private after getting punished by Regulators Anthony Melori, we'll just call him Anthony Mel or whatever. Uh, Cham Asset Management is dragging its advisor into a public legal battle for a 100 million. The $6 billion hedge fund is demanding that advisor compliance Associates ACA not only cover Chum's cost for settling a US probe last year, but also damage to its business in an unusual lawsuit. Cham claims that outside consultant founded by former Regulators failed to prevent trading practices that ran a foul of authorities.

So basically the hedge fund did something that was not above board but it was cleared by outside compliance. Council And because they got hit with a $19 million speeding ticket, they're saying well, our Council should actually pay for it because they gave us bad advice Chason Sought, received and followed advice from ACA that certain trading practices did not not run a foul of the Sec's Cross trading rules ACA Gave it improper advice and failed to flag these trades as problematic The Firm Filed the lawsuit days after resolving the Sec's probe without admitting or denying wrongdoing because they never do. ACA and Cham are set to appe in federal court in New Jersey next week to take the case forward. after judge ruled in December that accusations of gross negligence, negligent, misrepresentation, and breach of fiduciary duty can proceed.

This is certainly an unusual case. This might not be the path many firms might choose, but they have decided to take an aggressive path. The SEC found that the hedge fund and Cham basically set the prices for trades in question and nothing in the complaint alleges that Cham ever informed ACA that it was pre-arranging the sale prices of bonds or the ACA knew of the practice, much less the ACA advised Chas them to engage in it. So what's happening is basically they got caught doing something with bonds that they technically weren't supposed to do.

They're saying that compliance approved it and then the compliance. the outside compliance company firm, whatever was like, we don't know what you're talking about The trades at issue began more than half a decade ago after building up a concentrated investment in American Media now known as A360 Media Chm decided to spread the BET among its various funds. According to the SEC The Firm carried out more than 100 of the so-called rebalancing trades Chasm sought advice from compliance consultant which, according to the hedge fund, said that the firm could sell the bonds and repurchase them. So it's all about they had it in one fund and then I guess they have various ones So they sold in one and then repurchased another.

So that's the rebalancing. The foundational principle underlying the advice was to ensure that the transactions occurred at independently derived market prices. Chason's regulatory troubles began when the SEC conducted an on-site examination in 2018 and saw details about whether the firm had conducted cross trades among funds it managed, which is a no no in industry practice that had peaked the agency's interest. Basically, because you're not supposed to freaking do it.

A key problem according to the SEC was that the American Media trades were executed at prices proposed by Chm itself and not at levels independently derived from the broader Market. Some transactions ended up raising prices on the bonds, the Regulator said, estimating that Chason's clients ended up paying 11 million in additional fees to the firm because of the rebaling trades. So this is really the problem they had it in One Fund They own other funds, they were trying to rebalance it it because of just the fact that a lot of times the way the market Works you're going to end up paying more of a price. It was an extra 11 million.

so they were fed by the SEC and they didn't admit to wrongdoing. but they were fed1 million And now basically Cham is saying Well, we were told it was okay. so the people who told us it was okay, we're going to sue them for 100 million. Cham fails to make clear that the SEC suggested no wrongdoing by ACA or that ACA knew and advised Chase of the pre- range trading pattern.

Chm has not and cannot plead that the ACA ever knew specific facts found by the SEC I Find that a little bit weird because like, of course they would know if you're going them for the like regulatory Clarity Uh, like I Don't know, it seems weird, but I guess these are just the Battle of Wall Streets when you're just casually talking about many millions and millions of dollars. A little bit later, we're going to talk about the most recent news in the world of crypto. Uh, as I alluded to just a bit ago. crypto making a bounceback on the daily chart potential fake out breakdown uh, potential because we're pushing right back above the trend line.

we're in the cloud. If it can get and hold above 42k I think the Bitcoin party might be back on. So I just want to let everyone know about that, that we're seeing a bit of recovery in the world of crypto. not just Bitcoin even Eth bouncing off of its trend line and Salana trying to recapture its trend line as well.

So across the board, Crypto definitely picking up All right with respect to the Spy Had an all-time high yesterday. Uh, actually, excuse me two days ago, but an all-time closing High yesterday. similar situation with the Q's alltime High yesterday alltime closing High Excuse me, that was Yesterday alltime High Two days ago. If you look at coin, let's just go down.

the list here. Looks actually pretty weak to me. It's still below it, but if Bitcoin breaks and pushes Salana Eth I bet coinbase will also go up. Tesla Just not a good earnings.

Uh, not a good earnings call. Uh, just has been getting hit huge gap down right now trying to fight back a little bit in pre-market trading. but Tesla just getting merked I'm looking to see if it catches itself at 175 Microsoft Looking good the market Really liking that they're laying off almost 2,000 people Nvidia also looking really good I Guess that's just because Nancy Pelosi blessed it with her position Netflix Just ripping ripping ripping Great earnings great Partnerships Nflx is crushing it. Meta also crushing it.

New alltime high just keeps grinding, grinding grinding Apple did look like shit, making a comeback on the top side of its Cloud Solid price action. Not an all-time high, but it is obviously getting there Amazon Slowly but surely has just been on top of this trend. line got below it, fought back up and it's just grinding it out. Not really close to an alltime high, but like slowly but surely grinding its way to the upside.

So uh, maybe something worthwhile to watch? Ibit this is Black Rock Bitcoin ETF trying to make a recovery now because Bitcoin's going up. Uh. oil popping oil. Actually getting a breakout oil going back to being bullish.

So for all my energy Traders Just a clear switch of trend. We were bullish, clearly beish and now trying to fight back to an official bullish pitch. Uh I guess pathway? Uh, obviously. Warren Buffett and his oxy position is probably looking a bit better.

He's probably a little bit more stoked that there's a bit of an upswing gold holding. Uh, I'm looking for gold to push and hold above 240. Uh, just because I think on that point, we get a nice upswing. so waiting to see how it all plays out in the world of gold and then obviously one that a lot of us have been watching lately is rum.

Just because it seems like there's a chance it is putting a lot of pressure on the short. So if you're in rum, if you're paying attention to Rum First of all, shout out to everyone watching on Rum. Uh I do want to let you know I'm invested in Rum I'm a rum content creator and in the short term I do have some rum calls just to see if these shorts get blown out and what I find. So interesting is that the short interest is going higher and higher and higher.

Not long ago the short interest was estimated to be 10%. It is now jumped up to 17% The short score has jumped up to 89. The utilization is 100% These numbers are growing and growing every single day. They are getting bigger and bigger and bigger.

Uh, check this out. on loan on loan. It is now jumped up to 23.3 Million Last week last week it was at 14.9 these shares on loan. Remember to take a legal legitimate short position, you have to take shares out on loan.

So this is a good correlation of what the shorts are doing. And unfortunately the actual short interest report it's at best 2 weeks behind. So this is the highest correlation of what we can understand going on with the actual short interest. at least in real time.

So anyway, last week to conclude the week 14.9 million it is now jumped all the way up to 23.3 million. It is almost fucking doubled the short interest. Like I said, gone not long ago. Start of January To kick the year off it was at 10% it's now up to 17.

The short Score: As you can see right here. spiking up, utilization spiking up. That's the ratio of the shares out on loan divided by the ones that could theoretically go out on loan. That's 100% cost to borrow spiking 41.

Recently it was just 13, Jumped up to 41. It is. It's being attacked. It is clearly being attacked by shorts.

And every single day this week the short attack by magnitude by Financial magnitude is increasing, increasing, increasing. Uh, it blows my mind. It truly blows my mind of how aggressive these Stewarts are. I hope they get their fucking teeth kicked in.

Uh, but obviously I'm saying that because I very much care about Free Speech But I also like just I have the position I want it to go up. So not only do I think it's a a moral thing for them to get their teeth kicked in, but also for me financially I would directly benefit if this does go up. Um, hang on I Just want to make sure I went over everything we need on the day. um oh Rumble Chat I Need you guys to vote Market at Open from 9:30 to 9:31 right when the Market opens.

Do you think that the market is going up or going down I need you to vote I'm going to be looking at the first 10 votes to know which way to trade it I need to look at the first 10 votes so I know which way to trade it up up Up bearish, up down Green up barely okay, at least six of you voted up. so Rumble is going up and so is YouTube So at Market open if you're new to the show, Welcome, Welcome Welcome! Welcome to a home of degeneracy And one of our favorite things to do to be degenerate is that market open. There's three accounts it is YouTube chat versus Rumble chat versus the wheel of Destiny the wheel of Destiny It's a three-way competition technically Rumble Chat has WI winning right now with YouTube in second and the wheel in third. But let's see if the wheel can make a little bit of ground back up.

All right. Obviously, red is bearish, blue is bullish, and then the number is the amount of contracts that have to be traded. Um, so it gets pretty fun. We're going to see how it goes today.

The wheel of Destiny is bearish by six contracts, so the most is actually seven. So we're we're pretty much maxing out, uh, a bearish bet. At Open, We'll see how it goes. We'll see how it goes today.

Team All right, let me make sure. Actually, let me make sure this is all set up all right. So you guys are going to be so. the wheel account is right here at 49 and it was Seven.

Seven, Six Six six. Uh, six. Okay, let me just edit this: uh. six, 6 for one? I'll just call this one 6 for one save.

Okay, Six for one. I will go bearish at Open for that stuff. And then you guys 48. Rumble's account will lead the path today.

Rumble's account will lead it. Uh, and what do I need? 48 will lead. So this is Rumble's account 48 and I will tie that to YouTube's at 49. All right, we're trading NQ All right.

So you guys are bullish and then the wheel is going to end up being bearish. So you guys once again. actually. I think it's happened every single day this week.

Uh, there has been an opposite vote. Technically, it's still all like everyone is still technically 100% So what I'm talking about are these accounts right here: 47 is YouTubes it's at. It's up $164 Rumble's account is 48, it is up $1,660 and then the wheels account is up $1,287 So 3way competition. Rumble's in first place, YouTube's in second place and the wheel is in third place.

I think either every single day this week or all but one. I think there's been a disagreement between the wheel and you guys. So I believe this week and I'm writing this all down and well, there's also video evidence of it. But I think thus far this week, Rumble and YouTube have agreed on everything and have gone 100% And I think all but one day the wheels actually gone the opposite direction and has actually also won.

Um, so that's where we're at. That's where we're at. That's where we're at. We'll see how this one plays out out.

I Just want to make sure I have the 3 for two 6 for one. All right. So this one will go short, this one will go long, and the trade will be executed right at Market Open right at Market Open the trade. Uh, well, actually technically right before Market open, the trade will be executed.

so we're going to see how it all plays out. Should be a fun one. Let's see if we could end this week on a positive. No.

I would argue. it's already been Positive Locking in 50k. Uh, to get those accounts approved I'm excited I'm excited. You need to put A1 or two in front of the wheel numbers.

Put a what does that even mean Matt You need to put A1 or two in front of the wheel numbers. a one or a two. What What the fuck does that mean? Are are you guys trying to confuse me right before? I Need to trade thousands of contracts more contracts? You're not allowed to go above 10. The 10 is the max.

10 is the max. Um, on a 50k account, you can't go more than 10. Uh, I don't have the link up anymore. but on a 50k account, you're not allowed to trade more than 10 contracts.

So I just have it one through seven. We could cut off the ones like if you want. If I can only do seven, we could do 10 down to three. We can make it real degenerate.

Um, we could kind of skip the one two three and just do four, five, 6, 7, 8, 9 10. So we could start at I Can make the number start at four contracts. Uh, do we have time? Uh do. I Where's my hang on? We could redo it.

We could redo it. We could folks. Dude, that's the cool thing about the Wheel of Destiny. That's the cool thing about the Wheel of Destiny is we could hot swap it out right now.

We could hot swap it out right now. All right. I'll just erase everything. We're going to redo it.

We're going to redo it. You guys want degeneracy. You're going to get degeneracy. Laa.

Well, you guys want it. You're going to get it. You're going to get it. 10 10 N9 9 8 eight S S, Six Six five five four four four.

All right. We got all the new numbers. We got all the new numbers. Let's see.

let's oh, let's make this one. We're redoing it by popular demand. We're maxing it out. Oh oh man.

Literally Max bet the first one. Well, what's the worst that could happen? You know what's the worst. Oh, when in Rome When in Rome When in Rome All right. so the new one is 10.

Uh proit 10 10 for one save as template. 10 for one save. Okay, um, we're doing it. We are high odds.

gets blown out. so no. not only are we switching Direction but we're now going the opposite way Max bet opposite way. Nothing like switching up your trade uh, minutes before it's meant to execute.

So on this one, 10 contracts set up and then on the YouTube Rumble we have the Bas size. Uh I Don't think how could this go wrong. You know, how could I I feel like we're this is just unlimited free money I Went J Money Last night got me in the mood for a short squeeze Rum any dude I Would love for rum to squeeze just to stick it to the shorts ju just to show them what's up? What's up? Who's who? How's how you know that type of of a vibe? that type of a? Vibe Um oh hang on, hang on. Uh, let me write down all these numbers.

Um, the shares on loaner, what utilization is maxed? Wow! went from What Did the the cost to borrow go from to shorts are aggressively all right? Wrote all that down. Here are the rub numbers. We could come back to it. Also, let's get set up for just to see how the options Market opens.

We have this All right. We have this all right. Here's rum. We'll put rum in the bottom here.

Uh, what do you guys want in the top? Well actually Bitcoin is looking kind of good too. Rums up top here so we could drop Bitcoin here. We could do Bitcoin just because it might be breaking out today to 42. Uh I Know there's a lot of interest in Netflix right now I Know there's a lot of interestes in Tesla What do you guys want in the top right here just for Market Open just for the market? Open! What do you guys want to see? Open up? Let me know.

let me know. Let me know. what rum calls did you get? uh, the February monthlies? I think I did I think I did the sevens and the nines, the eights and the nines. maybe the six and the N I know part of them were the $9 strike, but I think others were the seven.

Maybe about something like that, something something like that I know nines were some and the other ones were I Want to say a six? I think I did the six in the nines, but maybe it was a seven in the nines. But more important than that, that's a short-term play. More important than that, that's the Fed. Monthly is just my shares.

I have thousands of rum shares that I've been like kind of averaging right now. My average on rum shares is around like $7 710 something like that, the low sevens. So I'm underwater on my share position I'm hoping to hit the calls just so I could buy more shares for quote unquote free. Um, what? Who doesn't like doing the six and the nine? All right guys.

head out of the gutter. This is a serious trading show. This is a serious show for serious people. Serious show.

Serious people. That's us. We're we're the serious people. All right.

So YouTube and Rumble's account are tethered together and then the wheels account is on the bottom. I Will be firing this off in about 50 seconds. My goal is to hit the buy button on both of these at 9295059415. What was that? Yesterday or two days ago was a disaster.

Was an absolute disaster. Absolute disaster. So uh I mean there's always hope I don't want to be that guy. but I think it's dwindling for sure.

There's hope if you're bearish. I Suppose All right, let's get ready. Focus Calm. Cool Collector Did Order submitted.

Oh no no no no no no no no, no, what's happening. Order cancelled 48 I don't understand what happened 47 The wrong accounts are tethered. 47 is YouTubes 47 did not trade 47. Where's 47? Well now I'm afraid to fire it.

What just happened? Order filled. What? Target filled. All right. So the only one that has 47 49 Oh I clicked the wrong button Team: Do we still do it? Or Target filled Dude? Order filled Target filled so e So easy.

This game is so easy for me. It is it. This game. It's so easy for me.

you know. Honestly, mad Dam it. We'll find it. This is how I feel with trading folks.

Well this is the worst, worst quality ever. Correct worst. I Want this in high quality? Is this what I need? This is how I feel with trading. Most people never get to see how brilliant they can be convinced because I so uh so I sent my chief refle I don't want to spend the rest here and watch you fumble around and and I'm appreciation.

This is how I feel Traed you have any fucking idea how please listen They actually like took this from my own Memoir I think you could show me some appreciation a little appreciation. Do you know how easy this is for me? Do you have any fucking idea how easy this this is A fucking joke that's and I'm sorry you can't do this I really am because I wouldn't have to fucking sit here and watch you fumble around and fuck it up I This is how I feel actually amongst any other person in this world when they ask me how to trade. I'm like it I just have to sit here and watch you guys all fumble and fuck it up when it it's easier dude, this shit for me E 455 140 150 50 Grand Easy peasy lemon squeezies folks. Oh actually ooh the competition is tightening up I didn't realize that we're getting close here so Rumble chat still in the lead YouTube chat is in second with the differential of about 50 bucks 55 45 uh but big jump here 455 so right back it's in third still but the differential getting real close getting real close competition heating up.

but anyway, these three locked it in. uh made the 50 Grand this will be Pa by Monday So I'm going to shut this down cuz cuz why push my luck? You kn