I'm rich I'm pretty good at an apartment in the city and a beach house off the coast that cost a couple Millie Where you're going Toe to Toe we be singing while we're winning by the time of 24 it's hard to deal with it if you got a man send these Brokers back to bed cause then I'll be flying high First class to Japan Eating sushi very Gucci Hot Springs cause we can sipping out sucking making million dollar plans to be y'all smoking pot with a billion dollar friends Bright Lights White Lines somewhere in the southern friends we're going on a plane and we won't be back again cause we're heading to the Moon screaming Catch Me If You Can So I'm about a nine but she thinks I'm a seven got money all of a sudden she thinks I'm 11. wow how much did you make? No I'll never be telling. Let's just say I went through hell to be living in heaven sing now but she thinks I'm a seven got money all of a sudden she thinks I'm 11. wow how much did you make? Nah never be telling.

Let's just say I went through hell to be living in heaven. Come on, make money middle finger up. Come and let us sing now. Thanks Daddy Oh brother oh brother oh brother Good morning, good morning, good morning happy St Patrick's Day Everyone who celebrates I guess we're all a little Irish today maybe we could get a little bit of that Irish Luck Uh also shout out to everyone who celebrates quadruple witching You might not know what it is, but if you're in the markets, today is a very, very important day because it's quadruple witching as in, four different types of contracts will all be expiring.

You have some in the Futures world, you have some in the old Stonk world. Uh, but basically a big transfer of money is going to be going down today. Will that be bullish? I Have no clue. Will that be bearish? I Have no clue.

but I know today is gonna be nuts. So Svb Silicon Valley Bank Officially filing for chapter 11 bankruptcy so that ship is going down down down. we have some updates of what's going on with the facilities from the Federal Reserve I Think now. in week one, uh, 168 billion was claimed and we know the Federal Reserve now over River officially has printed a new 300 billion I believe.

So we're going to be going over all of that craziness, craziness, craziness. So it's going to be a crazy Friday It's going to be absolutely crazy Friday So I'm happy that we get to hang out I'm happy that we get to do it all together and I do want to call out just for the kids who are early to class. TGIF But don't forget next week. Probably going to get more nuts because we have the FED meeting.

What are they going to do with interest rates? We have the Fomc meeting and just the perfect little thing to Pepper on to sprinkle on to this current cake that is just nothing but pure chaos. So hey, it's going to be a good one. gonna be a good one. Um actually I want to give a little bit of a shout out over to Rumble So today is um I guess it's day one over on Rumble here where they have a higher quality streaming option um Am I coming through loud and clear do I look as like can you guys see how ugly I am now even in more high definition Clarity whereas I'm still ugly on like a pixeled scale like where are we at uh, live chat there is live chat, people have the colors in their name, they have these icons you could just really see that.

Rumble is putting quite a bit of technical development in their live streaming so we'll see how this all goes. but uh, let's see it. I want to get some if you're on Rumble right now uh, your high quality I See you, you're good Kramer is becoming a Medusa Do I look uglier now from my own account. oh man, it's gonna be a good one.

it's gonna be going I Guess the real test um for in terms of quality is is are the charts coming through in a nicer way? Like can you I don't know. see the charts with finer detail the numbers over here I know for people on mobile, it's always a little bit of a struggle and that's probably why you should just put me on a huge high definition TV Um, but like is this: Can you guys see the numbers a little bit more clearly? a little more crisp, a little bit more detail. Can you see the residue perhaps of the tears on my face from when I cry in the morning in the shower? Uh, where are we at with all that Crest whitening strips? Are you saying I need that? Are you saying I have uh, like brown teeth? It's a lot clearer actually. Uh, Rumble allows 8 000 uh streams now? Uh yeah, no.

So what we're all talking about is this right here? Uh, the rumble takeover continues. Twitch you ready? Super high quality streaming and low latency is now available to rumble to enable. Check the box and that's what I did Uh so higher quality streaming Source pass through less latency. No.

DVR so we'll see how it all. Uh, what is this one? Uh, what's the bit rate recommendation now Chris was asking us today to test 10K plus anything official for optimal quality you can test 10K We're now playing what is mine at I'm at five or six I think I'm at six right now I'm at five but I do it a little bit differently because I go my setup. or maybe if any of you just need a little bit of an input on like my gear and how I do this or like my technical setup is I'm all on streamlabs OBS but then from stream Labs I pumped that to one source restream um another one like that, you could use free stream. You could use stream yards.

you could, there's a whole host of them. and then from there Restream handles the propagation to both uh Rumble and YouTube you could choose to do to even more. I think if I will this mess things up I know we could give it a whirl. Um, let's see how this actually goes.

So yeah, I am on restream right now and then like it's giving me a playback. Um, so yeah, I'm running at 5000 but you have your destinations I set it up for rumble and YouTube and then you could just run it to some others. So it goes Streamlabs OBS into restream. You could do it into stream yarn and then you set up your accounts for like whatever platform you're trying to stream to.

um I Kind of want to try increasing the bit rate just to see if the quality comes, but um up even more. but that's pretty cool that like they're now trying to handle it at 10K to see how that all does. this restream have Rumble chat in it. No, so it's actually not restream it to get chats.

That's the Streamlabs OBS thing. And for whatever reason, Streamlabs OBS is not working with actually can we? Um, let's the Streamlabs OBS have a Twitter because like, can we get them to do it Streamlabs Stream: Labs Streamlabs Obs I believe it would be these people right? Uh, we should try to get them to work with Rumble Um, what was their account I Just lost it already at Streamlabs. Let's let's do this. Let's do this.

Hey Streamlabs, Uh hey, three miles do you have any plans to work with Rumble Um, there are a ton of creator you see this happen. uh Hey Stream Labs Do you have any plans to work with Rumble There are a ton of creators who would love to see this happen. Um I don't normally do this, but if I got if I could ask you for help on that one, if you guys could all like that, retweet that just from the profile just come to me at Matt underscore course. Uh, if we get it big enough, obviously Streamlabs is going to end up like doing something and responding um so if you guys could help out a little bit on this particular tweet, let's just get in front of Streamlabs because they should work with them.

Um, it's kind of like that they don't because if we want the chat box, it should be able to take it all together. like I would love to put the chats together and all that. but um, they just for whatever reason decide to not which is kind of insane. Um, all right, cool we did that.

Let's get prepped for the day. Um, yesterday it was a crazy day yesterday. uh, we had a nice bullish day so we sold off uh what now appears to be a fake out breakdown to the Bears downside of this trend line from last year. we popped above it and then people like uh oh, that's a fake out because it gets smacked at the 200-day moving average around 393.

we came back down and they're like uh but it did recover at the end of the day on Wednesday and then yesterday it looked like we were going south again I had calls going into the day, then it failed at 387 so I got rid of my calls went into Puts. Then obviously it started to bounce and as soon as we started to push 388 389 I got out of the Put so I got burned on calls that I should have held went into Puts I was a little degenerate. this is all covered in the newsletter. then I got out of the Puts and then I went into calls and now the calls are paying off nicely because we're pushing.

but unfortunately we closed out the day at 396 and we're now at 392.51 And a lot of this is going to have to do with yes, apprehensions of what's going on with the Fomc meeting last next week, but more so in real time of we have Svb Silicon Valley Bank officially declaring bankruptcy. we all obviously knew it was going that way. But more interesting developments I would argue in terms of what's going on with the Fed and the exact numbers. so I want to get into all of that with you but for just one quick second uh Dow futures fall more than 250 points First Republic leads Regional Banks lower So big Update: I'm in FRC and I'm getting screwed on it right now.

As I alluded to, it is a big risk, big reward play but we now have 11 Banks So I believe put in 30 bill into it so we're kind of seeing some big support uh the Dow the S P NASDAQ oil. Everything is going down right now. but let's say what's uh oh, let's give this a quick wait, not live well I Want it live. What are they talking about I Want the live.

Are they talking about what's going on with banks right now? Treasuries. Our goal is to protect depositors. Possibly Can bondholders are continued to? you raise costs for these Banks and some wonder about their own viability in our financial system in the future Because of that. How do you view these continued? You know, dissolution so to speak to the extent that if we continue to see the bond holders uh, taken out at uh you know Pennies on the dollar.

So as you know our resolution process is very clear in this country in terms of the way that is this human reality. Who speaks like that? Fdic's goal is to sell those institutions and they have actually opened up a bidding process and for SBB in order to sell those assets are the gold off All I can picture is like many guns being pointed at them off screen because he seems far too tense all these institutions as quickly as possible and that's what we're doing. you know I I wonder in this real situation whether in some belief regulation would have helped identify the problems that um at Silicon Valley Bank um others say, well what exactly was it they didn't weren't matching duration with with their deposit space they went long but you know they owned what we're seeing. Make me a little too uncomfortable.

We'll come back to it if need be. But here's what you need to know for today: Friday March 17th happy St Patrick's Day Happy quadruple witching day happy day that you're about to make a lot of money in the market. hopefully if you're on the right side of whatever crazy move we end up getting. Um so I did a quick breakdown of what went down yesterday.

I Don't know if this is pinned to the top of chat or not I think it is, but this is the free newsletter. If you want my free newsletter, it's been to Zabachat. Just go to Madcores.locals.com Sign up. It'll show up in your inbox every day after training.

Um, the Macro Economic reports. This morning we have two at 9, 15 and 2 at 10. A.M U.S Leading Economic index and consumer sentiment can be important, but I think there's already so much craziness going on today that I don't know if they're gonna. It might be like a drop in the bucket type of a scenario.

so we'll see. But uh, I I do want to know what's going on with consumer sentiment? Uh, in terms of seasonality. It was very, very bullish for a bit and then right before 2020, right after 2020, it took some big hits this individual day of trading, but then recently it started bouncing again. So I wouldn't say it's the most bullish day, but I would argue it's leaning bullish The Profit factor is above one and the winning percentage is 68.

But uh, there were a series of pretty sizable losses. What is this? 2019 and 2021? So two big losses? that kind of messed it up, but still? I would argue that seasonality is leaning bullish on the day. Recently, the account's been taking a big hit because I am getting absolutely destroyed on some Meta positions. But we'll see how it all goes.

Um, whether it's good or bad, at least my metapane will end today. So fortunate there, the fact that my metapane all the meta expires today today. March 17th. If you look at all, the I I mean I was even making new meta positions and I admitted it.

I'm going fully until um I I was just doing wild things. So if you want to know where I'm at with meta, feel free to check this all out. But you're gonna notice that they all expire today. So whether good, bad, or somewhere in the middle, my meta journey is ending today.

Other than that, I'm feeling good about Nvidia I'm feeling better about Oxy, but it's a little bit sus I'm feeling fine about cues I'm feeling fine about Tesla I'm feeling better about JPM I should actually check in on that today just because there's a lot of craziness in Banks Right now, ugh, banks are starting to sell again. We had that beautiful recovery I Still, if we can hold the 200-day moving average, I'm actually feeling pretty good feeling good about TLT and then just all my thoughts and all that. But anyway. uh, the newsletter.

It is pinned to the top of chat. It is in the description of the video and if you're on Rumble you just click on that big red button that says join locals and you'll get this newsletter for free. You don't have to spend a single. Cent Treasury Secretary Yellin says not all uninsured deposits will be protected in future bank failures.

This has way bigger implications than you would think. and there is a particular video that is making its rounds on social media. I should have it somewhere right here and people are very much losing their mind, right? Nope, that's not the right this one. This one is absolutely insane.

Um, issue. So for those of you who have maybe been paying not paying attention to financial media lately, you probably might want to know that banks are blowing up and there's quite a bit of downward pressure on the economy because of what's going on in the banking sector and the government. The really various branches I Can't just say one of them. but if we talk about the Treasury Secretary, if we talk about Powell from the FED, there's a couple different groups stepping in to really attempt to stop the hemorrhaging and what they have done is backstop depositors.

So if you work at the bank, if the FDIC takes it over, the management gets fired. If you own stock within the bank, none of those people are being protected, but people who had money in the bank. usually you're only protected up to 250 000 and then after that you're taking on the risk of being at the right. Bank In this scenario, when banks are blowing up, the various groupings of people have decided that no, we're going to insure everyone.

So even if you have over 250 000, if you have 250 million, that is is now being insured by the U.S government which led to a very interesting exchange that I want to share with all of you right here. Start with some of the banking issues we're dealing with on it: Will the deposits in every Community Bank in Oklahoma regardless of their size be fully insured? Now are they fully recovered? Every Bank every Community Bank in Oklahoma Regardless of the size of the deposit, Will they get the same treatment that Svbp just got Or Signature Bank just got a bank only gets that treatment if a majority of the FDIC board a super majority is super majority of the FED board and I in consultation with the President determine that the failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences. So what is your plan? That determination right? So so what is your plan to keep large depositors from moving their funds out of Community Banks into the big Banks I Like this line of questioning the merger kind of like an oligopoly of big Banks by encouraging anyone who has a large deposit in Community Bank to say we're not going to make you whole, but if you go to one of our preferred Banks we will make you whole at that point. Thank you! Um, look I mean that's certainly not something that we're encouraging that is happening right now.

They're not encouraging it, but they're forcing it. Positives: Concerned of what's happening because you're fully insured no matter what the amount is. If you're in a big Bank, you're not fully insured. If you're in a Community Bank Well, not fully insured and you you were at Signature and it was.

It just barely met that threshold you were at Signature, will we? This guy is Stone Cold Man, that's kind of scary risk of contagion that could have brought down and triggered runs on many banks. Um, and that something. Given that, our judgment is that the banking system overall is safe and sound. Um, depositors should have confidence in the system and we took these actions.

So there's a special assessment that's been done on Community Banks in my state, in all banks across the country. Was there any discussion that that special assessment would only apply to the larger Banks Or was it always assumed the special assessment would cover every Bank including rural banks in my state? Um, I I think I I'm not certain what the rules are around that, um that that's for the FDIC to determine. It has been reported publicly that Uh Svb had a large number of Chinese investors that are there, including some that were companies directly connected to the Chinese Communist Party Will those individual, those individuals, companies, entities, and investors that are Chinese investors be made whole based on Assessments in my banks in Oklahoma? So what I'm asking is: will my banks in Oklahoma pay a special assessment to be able to make Chinese investors whole from Silicon Valley Bank uninsured investors will be made whole in that bank. and I suppose that could include foreign and foreign depositors.

but I Don't believe there's any legal basis to discriminate among uninsured I Get it. But I'm just saying my Community Banks are going to pay this additional fee. It is always fascinating to me as well the conversation that taxpayers are being made whole in this. the taxpayers are not going to have any kind of consequence on this I'm sure my Bankers are going to be very excited to know they no longer pay taxes.

This for various reasons I find to be very interesting because this is the moral hazard that a lot of people have been talking about. and if you have listened to yell and there and more importantly if you believe Yellen they're only going to backstop the ones that are the biggest and mess things up like how backwards is that of we're only going to help if it could be a bigger issue. So basically if you have a small like Mom and Pop Bank in whatever region and if it goes under and if they're like no, like we don't think there's really going to be large negative implications on the banking sector on the greater economy. we're probably not going to do this.

so they're now picking and choosing who survives and who doesn't survive. And in I think it's a fair argument that we're ending up pushing more of these Banks to get acquired by larger Banks So we're getting closer and closer to an oligopoly where they're just going to end up protecting the biggest ones and then everyone else. You're just screwed. And he brought up an interesting point of like: so if you just take a random Podunk Bank in Oklahoma that might not be a great stress on the economy.

Well, it's not going to be insured. but they did step in with Svb where you literally just had the banking like the business banking for like like Chinese businesses. So we bailed those out which is so messed up because it's one thing if you're going to bail them all out, but now you're picking and choosing who you're gonna bail out. And in this scenario it could and I hope it doesn't but it very well could be where you could have a random bank somewhere in Middle America that goes under and if someone has over 250 000 they're not going to be insured.

But then were with the Silicon Valley Bank or signature where everyone got bailed out. It doesn't matter who they were, it could have been the bank of a business that's not even in the U.S Like how insane is that that? that is such a bigger moral hazard than I thought this could even possibly get to like that's insane like Am I do like Am I Missing something here like it seems so ridiculous. Like it seems so illogical that I I feel like I have to be missing something right? Like it just seems so absurdly ridiculous that I like I almost don't want to believe it like I'm just assuming that I'm like nah, like I'm just dumb like I'm not getting some aspect of the overall story because it blows my mind like it absolutely blows my mind. So like if I am misinterpreting it I mean I would love for you guys to tell me because if I am interpreting it properly I think that's almost arguably worse.

like I would rather just be dumb and not understand what's going on than to be understanding the situation and just realize that our government is now in the position of picking who survives, who doesn't survive and it's that is getting to a super slippery slope that it feels like if we go down the slope and arguably I would say instead of like sprinting down it, we've already been like kind of I don't know. slowly going down it of to this thing where we're going to have four major Banks they're just gonna be four that control everything 100 of the time and that's not going to be good. It's not a monopoly, but it's an oligopoly and if the closer we get to that, how's that possibly good whatsoever? Order filled. Happy Birthday! Thanks for some! Oh it's eggs birthday and apparently my algorithm just traded something.

What do we have going on in the algorithm? Uh, let's see. Let's see. Let's see. Let's see.

let's see. let's see. Um so I had a short and then I went short again and then that one just got busted up and it was short on the NASDAQ. But it looks like that's about to go back to break.

Even so, one good winning trade this morning, then a small losing trade and this one looks like it's going to end up being a small losing trade. Uh, all right. good. good to see that the the robot is up to something.

But yes, Happy Birthday Egg, You were egg before egg was the cool thing to be before. it was a very valuable thing to be. So congratulations to your massive upswing in inherent value. Uh, you were the cool egg before it was the cool thing to be I Appreciate that I Respect that.

So anyway, Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures. So basically the people who are in the worst situation because they blew up first making the worst bets. we're gonna save those. but then the people who are maybe just like not as idiotic with their not hedging interest rates or whatever they did and not giving out like the worst loans or not all the bonuses or selling the stock right before it all crashed.

Um, apparently the people who are closer to doing right things like we're not going to help them, it just seems so backwards. the most egregious issues. um in terms of like poor decisions we're helping with. but then the ones who are like maybe not that bad and if they're bad enough to sub love we might be like ah, screw it Wall Street rides to the rescue as 11 Blanks pledge First Republic 30 billion in deposits Uh, financial institutions get together to generate 20 billion in support for First Republic Well is it 20 billion or is it 30 billion? Uh, looks like one of these is a typo but a lot of big Banks Bank of America Wells Fargo Citigroup JPMorgan these are the major four then you have Goldman you have Morgan Stanley um they're all throwing money into it to I guess keep First Republic going uh apparently JP Morgan uh Jamie dimon The CEO is meeting with Secretary Yellin today so I'm sure there's going to be something interesting coming out of that Credit Suisse sheds another 12 is Traders digest emergency liquidity.

So Credit Suisse now being backed by the country of Switzerland they're stepping in and saying hey we're gonna like help you out So with Switzerland stepping in with credits we with a lot of banks stepping in for First Republic Uh with the FED stepping in here in general with the billions of dollars that they don't have an issue throwing into the economy uh the market was able to get above that 200-day moving average and yesterday pretty decisively we are now back right at the 200-day moving average. I Can make this extraordinarily simple above the 200-day moving average if we're holding it I Would say in the short term that's pretty bullish. if we crack below it and stay below I would argue that's pretty bearish. I Think today, from a technical perspective is a relatively easy setup.

Jim Cramer says the bank in crisis is fighting inflation for Pal and the Fed I could explain better. probably what he meant by this I mean I Don't really ever want to speak for him because like, who knows what's going on in his mind. but I'm of the assumption that really, what the Fed's attempting to do is put more strain on the economy to lessen demand. and now we're seeing because of that, banks are blowing up.

So did they mean to go this far? Probably not. And we've heard that rhetoric before of we don't want the FED to overdo it. but did they really overdo it? When you have Banks making bad decisions, It's not like these banks are running like a like Tip Top operation. They made bad bets, they bought a bunch of bonds and a rising interest rate environment that is stupid and they didn't hedge it like that.

They were kind of at their own demise like everything was fine when deposits were going up, but also because of the FED it started to come down so their deposits went the other way. They had a bunch of bad bets that weren't edged on their book and then with social media and the spread of information it like it became almost like a psychological wildfire and it was like I don't care if it blows up but I might as well take my money out because why would I take on that risk And then everyone started doing it and as you can see, it just clearly perpetuated and it became a full-on bankrupt. We're now in a situation where people are starting to eye up what is the next rate hike going to be yesterday? the ECB the European Central Bank which is Europe's version of our Central Bank the Federal Reserve uh they raised by 50 Bips in a weird way. At first that kind of shocked the market and I discussed this more yesterday with all of you live but it's also in the newsletter.

In a certain sense, the fact that the ECB felt comfortable with going through with a 50 bips rate hike it almost kind of signals to the public that hey, maybe things actually aren't that bad because we're still doing a rate hike. So I think that was actually interpreted to be pretty freaking bullish and I think that had a a lot to do with helping push the market upwards yesterday. Now obviously that is yesterday's news. Today is a completely new day.

It also happens to be quadruple witching if you're just joining now. First of all, you are late to class. That is a demerit. I am taking notes of everyone that is late.

so um, they're going on the list. But second of all, happy. St Patrick's Day and also happy. Quadruple Witching day.

Um, more for the latter. For those of you who care about what quadruple witching is and its impact on the market, Basically, you have a bunch of contracts, two types of future contracts, two types of stock like options contracts lots of contracts expiring today. Uh, what does that mean? It just means that there's expect more volatility. Well, and you should already arguably be expecting more volatility.

By the fact that we are in a crazy environment where people are saying how many more banks are going to blow up like we are right now in the middle of chaos. We are in the middle of insanity. Um, so we're just basically peppering on a thing where things could get even more insane. That's where we're at.

That's what we're dealing with. and it just seems like we should buckle up because I Don't think this roller coaster ride is going to slow down anytime soon. Uh, these days, just from the perspective of Quadro Quadruple witching, they're not bullish. They're not bearish.

The odds don't suggest that at all. It's pretty much 50 50. When these happen, it's more of expect higher volatility. That's the main thing you can expect with quadruple Witching.

Now in terms of seasonality, today is slightly bullish I Wouldn't argue. it's the most bullish day. It's definitely not bearish. I Would say it's leaning bullish if you care about the seasonality, but in reality what this is going to come down to I would argue is people's interpretation of what is the stress on the banking sector.

We know that there's a lot of government stepping in, not just here in the U.S but also we're seeing it over in Europe and I Want to get into some of the numbers. Um, we'll see that I don't know. Let's watch the market open for the first 10, 20, 30 minutes, something like that. and then I want to dive into the exact specifics of what's going on.

uh, at least here in the U.S and the money that they're trying to throw out this problem to stop the hemorrhaging. Uh, wild stuff? I'm watching FRC This is the one that many other Banks 11 other Banks stepped into to try to backstop it. They put 30 billion into it so they're trying to what what everyone's trying to do right now is restore positive public sentiment, this whole world, our economy. Everything basically runs on the concept of do we all believe it's going to do well? Or do we all believe it's going to do poorly? So what they're trying to do here is restore that positive almost momentum of like yeah, no, like we're putting our money in it.

We believe it. So you should put your money into it. And if enough people do that well, it very quickly becomes a self-fulfilling prophecy. On the flip side, if everyone starts to take out and screams doomsday and they're like oh well I kind of see that I'm gonna take my money out and I take it out so you're like, well, I did it so you should do two to protect yourself.

You take your money out. uh, it can obviously snowball in a negative way this right now and I would argue most of the time in the market is a massive, massive, massive game of psychology. It's crowd psychology of faith in the system and right now we are on um Rocky terrain if you will of the faith in the banking system so we'll see how it all plays out. But with that being said, we are a couple minutes into the day.

Now my big question to you guys because you are my financial advisors is what are your thoughts on Today specifically today. Do you think we're gonna have a nice red day? Do you think we're gonna have a nice Green Day Or do you think we're gonna have a nice chop day? Um I Preface all of those by saying it's going to be a nice day because whatever, we're here together, we get to have some fun. But Red, Green or Chop, what's everyone's official vote on it? What do we have here? Shout out Stephen I Appreciate the five dollar Rumble Rant uh Matt Matt happy Friday Rumble Chat loves you I appreciate that I appreciate that. Oh, speaking of Rumble Chat, how's it looking today? This should be the first stream over here on Rumble with a much higher quality.

So I'm hoping that it's looking good over here. Texas Roadhouse will have a green day every single day in Texas Roadhouse is a green day. Um, the days that the stock goes down is nothing but pure manipulation. There's no reason for anyone to ever ever be selling.

Texas Roadhouse Texas Roadhouse should be nothing but pure buying higher and higher and higher if it goes down even a cent, even a portion of ascent. Texas Roadhouse is being manipulated. Only a crazy person an absolute insane crazy person would sell out of. Texas Roadhouse FRC or text Data please.

Uh, it's not that shorted. We looked over it yesterday. It wasn't even close to like being a noteworthy short. Uh, I could bring it up.

Let me load it up for you. F R C First Republic Bank Estimated short interest is 6.84 Utilization is 34 shares on loan 26 million cost to borrow 13. so there's some short interest. I'm not saying it's not short at all, but it's 6.8 percent.

It's not even in double digits. Um, just got halted. To the downside: Market Pop selling off JP Morgan Trying to figure out what it wants to do Meta I Don't know what's going on with Meta today. today is just going to be a crazy day team Tesla It did get above 184 which is the area I cared about.

but uh, this morning it pushed a little bit Smack That 186 Now down, it's gonna be day. it's gonna be a day Nvidia Nvidia just got a well. While this is Halt and I might as well bring it up. Nvidia Got an upgrade.

so Nvidia pushing uh, slowly but surely going a little bit higher and higher and higher semiconductors. even though everything's been pretty wonky in the markets, the semiconductor industry basically these processing chips the Gpus think of Nvidia AMD Intel Micron have been doing well. Nvidia has been leading the charge upward. it did.

A couple analysts just came out and gave it a higher price. Target But I think just with the proliferation of where our technology is and I'm talking about like the legitimate. Hardware I Don't see semiconductors going anywhere but up in the like medium to long term like just massively massively popular. Is Aic3 halted? I Don't know.

Is it Uh, AI No, not at all. Wait, what did you guys vote for on the day FRC is halted though? I Mean we could look at it here on Benzinga? Uh so W-a-l got halted FRC got halted L Uh, this is a bio one Iva what are these I'm looking for any of these other Banks um so wal Western Alliance and then FRC So two banks that have been in the news uh have been definitely uh, halted. It's gonna be a five minute. It's just a classic uh limit down haul you have your uh limit UPS limit sound.

this was the limit down so it's gonna be a five minute halt FRC Insiders sold shares Uh, that's a true statement I don't know what you want me to do with that. It's more interesting of the timing of it. but I mean generally with any publicly traded company you're gonna have Insider selling at certain points for various different reasons. What? I find interesting about F or um about wait you said FRC Insider sold sorry I Was thinking of Svb.

My mind is everywhere this morning. You're saying FRC Insider sold uh uh I am not seeing anything and they might have it. just says no data available FRC So when we were looking at the Svb or technically Sivb is the ticker for Silicon Valley Bank um sorry I was putting the card in front of the horse with the Insiders here. We knew that the CEO at the end of February if this loads right here Gregory Becker He sold 3.5 million dollars worth of Svb at the end of February and then obviously it blew up in mid-march So right here you have the CFO getting rid of half a Mill and then you have the CEO getting rid of 3.58 mil right here.

February 27th on the exact same day you have uh Daniel Beck the CFO dumping just over half a mill which is kind of crazy. but in terms of FRC First Republic Bank our insiders selling here I'm not getting any information on that. It might be true, but I just can't seem to find it like whatsoever. Uh, I'm afraid to go to Fintel because yesterday when I went to Fintel, a pack practically like broke my computer.

But does anyone else have information on if there was Insider buying and or selling at FRC anyone? anyone? anyone? Uh, they reported Insider sales to FDIC instead of the SEC. Well, if you guys have any of that information, uh, could you just like DM it to me on Twitter Weeble has the new story. Well, Weeble is just a syndicated news source so it's not Weeble doesn't do news, they just post news from someone else. so like, uh, if someone has that order filled uh, what just happened there? the I am now flat.

The Algos are flat at this moment in time. I think I'm flat. Do I have any strategy positions? Flat? Flat? True. Okay, yeah.

um. that short just got busted up, order filled, and apparently just went long. What is going on? Is my algorithm drunk? Hello? Oh yeah. okay.

apparently I just went long. as well on the market here. So I'm long on the NASDAQ now I went essentially long on the cues. and where's that stop loss gonna be? Hopefully the stop doesn't get hit.

Uh, but the Futures algorithm. My robot slave trader? uh, just went long on right here. The NQ the micro, not the mini. I'm turning it small because I'm still trying to figure out if I like this algorithm or not.

Um, but we'll see how it all goes. Hang on. What time does anyone know off the top of their head when Yellen's talking today Kramer took your algo. Oh I hope that doesn't happen I actually named one of the note like I'm not joking around here.

That algorithm that just went long is called Pelosi Uh, FRC About to run selling volume drawing up. What do you mean by selling volume drying up? Volume? Is there like? What do you mean by selling volume? That is the thing that is like commonly misstated for you to be a seller. Someone has to buy it off of you. Like volume is volume.

Volume means a buyer and a seller agreed on a price. There's no such thing like maybe you're talking about hitting the bid side like sellers running like I Understand if you're saying oh, this percentage of volume was on the bid side. This percentage of volume was on the buy side. This percentage of volume was at a midpoint, But just to say that there's like straight up selling volume that doesn't make sense because someone has to be a buyer.

Did Svb filed for chapter 11 bankruptcy? Yeah, it came out this morning. Uh, so FRC is in the bottom left. Uh Tesla Looking a little sus over here. Meta hanging out at 200 I'd I I'm so screwed on Meta Uh I'm not trying to be that guy.

but how do we even know that Yellen is real? Had anybody actually ordered filled real life? Uh I think that NASDAQ one that went long. it just got out for a small loss. Um, that's a very fair question. Uh I Like butt stuffer.

The fact that you're willing to ask that that tells me that you are a real person because you're asking a real question. Uh, that a lot of people are afraid to. uh, mean sellers are meeting the buyers is how I understand Yeah, that I think that's how I would interpret it. but just to be like, oh, like there's you, don't just sell Into The Ether Like someone has to be a buyer.

So if we're defining it as oh, the sellers are taking less of a price and they're meeting on the bid. Okay, if that's how we're gonna find it like I'm fine with that. But I think sometimes it gets confusing to people where they there's almost like this assumption that there's just like rampant selling. Well just understand that.

if there is that inherently also means there's rampant buying because for there to be a seller there has to be a buyer foreign. but to say that the selling volume is drying up I would assume what you mean is maybe that volume of like meeting on the bid side is drying up. but I don't even know like what tool would tell you that information it just seems like almost like a like a random comment of like hoping like the selling drop volume is drawing like what's that mean why do I see Tesla 177 I have no idea but Tesla's currently trading at 183. blah blah blah Semantics Well Devin As you know, trading the world of markets are a game as semantics.

Thoughts on Xla reverse split. If a stock is doing a reverse split that is a typically a very bearish sign. The fact that Xela has to do a reverse split tells me that the company is dying. Reverse splits are not positive catalysts.

Matt it's Common Sense They'd protect bigger Bank over smaller Banks The smaller Bank fails. It's not a huge deal. A bigger Bank fails. It's a huge deal.

Yeah I understand what you're saying but you can't pick and choose because what that's going to do is cause people who are paying attention to the news to go from their small Banks to the bigger Banks And then all of a sudden you're prompting a self-fulfilling prophecy. So the thing that they're like, well hang on. We know we're going to pick them, but we don't like. want small Banks to blow up by them stating that it actually causes it because everyone's like, well I want to protect my money so you put your money into these bigger Banks And then all of a sudden when all the deposits are leaving the smaller Banks going into the big Banks you're prompting the smaller Banks to blow up and then you're also making it where we essentially have an oligopoly of banks.

which is not going to be positive if one of those guys go under because they will have too much influence and on top of it, it's just not going to be good for clients like it's good to have competition. you want more Banks You want more often. Like that's a positive thing. If we get into a world where we have a handful of things that's disastrous that is not a good system to have, Every Bank should have the same treatment.

Yeah, I Understand that argument. In reality, they don't and they don't have the same treatment because some are defined to be systematically important. Banks Basically, if you have over 250 billion, you are an Sib, a systematically important bank. Which means that the government will step in and not let you die.

Uh, I Think one way to kind of potentially clean that up would just be to lower it. Maybe not every Bank can be a systematically important bank, but why not give that designation to anything like let's we can move it from 250 billion to 10 billion if the government is going to be backing up Banks Why not back up more Banks rather than a select few. Svb had just over 200 billion and it was. so it wasn't even a systematically important bank and that was the 16th biggest bank.

So I'm sharing this information to kind of illustrate we only have a handful of Sibs is FRC and Sib I don't believe. So no. basically the cut the cut off to my understanding is that 250 billion and uh, FRC is actually a smaller Bank than Svb and Svb wasn't even there, didn't even didn't make the cut. Uh, what about my deposits? Well, where's your? where's your money at? I'm curious with all the craziness.

Um, have any of you. Maybe we've all felt that urge of like, should I be moving my money elsewhere but I'm curious if anyone in chat here. Has there been enough I guess like craziness that you've actually done that moved your money to a larger Bank to protect yourself and I'm not saying it's good or bad, like you're protecting yourself, but I'm just curious. Like a lot of real people in here, I'm curious if the average person has felt enough pressure that they're like ah, I should probably move my money or is it more of like these big wig people that are doing it and like or maybe companies where they're storing their money like I'm just curious.

like I don't know. like I study this. obviously for a living. this is my job to cover this and I haven't moved my money.

um and maybe that's stupid. like I'm not saying what I'm doing is right, but I'm just saying like for some reason I don't know. like I just don't feel that pressure and maybe it's because we know that these other banks have been protected and I'm not like at a Podunk bank but I'm also not at a top. Bank Uh, I'm just curious.

they can have my five bucks. uh, bought some gold, move my money from a smaller bank. So okay, so some of you actually did move I moved my money to under my pillow. That's one way to do it.

if FRC is backed up uh by other Banks and it's safe around, why doesn't the price go back up? Because people are probably thinking that maybe it isn't safe. That's the battle right now. Um, so you're going on the assumption that it's safe and sound, but the market is telling us that not everyone thinks it's safe and sound. I'm not worried I have no money in my accounts anyway.

That's oddly, probably a really like healthy way to look at the situation. I do want to point out that the Spy broke below 393, which is that 200-day moving average? uh as I alluded to this morning. I very much care about that 393 plus or minus. Some change is the 200-day moving average.

We broke above it yesterday, we closed above it yesterday, but obviously people have some concerns with the market right now. Uh, if it can recover above 393 I'm very much gonna like that I think that's bullish. We came down a little bit of a back test a fake out breakdown, but the longer it stays under 393 Once again, with respect to the ETF the Spy the S P 500, the longer we stay below it, the more I might be thinking uh, oh, I maybe it got ahead of itself here. Uh, Tesla's been selling off all day 186 down to 182.

Meta sold a little and now it's just pinned sideways at 200 I think you just have people react acting to like this key psychological and Technical level FRC Kind of interesting. So it popped on the news that 11 Banks were going to be supporting it. Then it sold off early this morning. We opened at 28.50 sold off to 26.50 now bouncing back up to 28.50 and it also did have a halt.

just so everyone knows, we had a limit down haul. Uh, so let's see how this all goes I just to be completely transparent with all of you I Did buy FRC in my long-term account uh, my average cost I believe is right around 42. So I'm underwater on it I Cannot make this more clear, this is a high risk High Reward play. This is a like this is not for the faint of heart.

This is a super D gen play and I'm just betting on the fact that the government's going to step in and I'm hoping that the situation at FRC is not that bad. This is not a play that I'm like oh yeah, this is something like I'm super stoked and like I think it's very high odds. it's probably not. This is high risk High reward.

Um, so if you're paying attention to FRC I just want to know where my mind sets on on it. like I might be subconsciously a little bit even biased in my coverage of it because I bought some I want it to go up I'm in it. Um, will it pay off? I Have no idea folks I have absolutely no clue I want it to pay off I think that would be sick I think it's a good play. Obviously that's why I put my money into it.

but ever since I bought it, it's done nothing but go down. But we'll see. We'll see, we'll see, we'll see what do I think about Boeing I think it's boring I think it's a fine company I actually used to work at Boeing it's just kind of doing nothing I I don't know. usually like to me when you're just doing nothing like this, it might be good to sell premium against it.

It just has low volatility. just a bunch of nothing. so nothing good, nothing bad. Boeing is another one that is not ever going to go over under because that would be like a national security threat.

So this is one that the government would definitely be backing up. So I think it's safe in a certain sense being backed probably by the government if things got hairy. But in terms of like if you're looking for a nice growth thing like it could be fine I like other companies better. but I would have nothing negative to really say about it.

uh I've known FRC for 25 years. Great team, solid lending practices. family-centric founder still chairman, no employees or customers flame. So the reason out of all the regional Banks I picked FRC is because it my due diligence on it is that it is a good bank.

Like coming into it, it was a solid Bank Solid practices. people seem to really like it. That's why out of all the regional banks that took a massive hit and then I decided to attempt to catch a falling knife which is always a dangerous practice. I Picked FRC just because it was a well-respected bank, it was like a legitimately solid Bank Um, so that's why I'm like okay, well maybe I could buy a solid, uh, get solid, a solid asset, solid equity in a solid business at a very, very cheap price? Uh, you realize it's all gambling? Yes I do realize that uh I took 30 of my cash position and bought a silver Boolean Now I I Out of curiosity, how many of you folks have bought like like a physical metal like physical gold, physical silver.

Um I haven't done it. but I'm starting to feel like I should. So I've been looking around to figure out where to get some gold just to diversify a little bit more like I'm saying like a physical asset, just it feels smart to be a little bit more diverse rather than yellowing into Banks like this. So I do want to take a percentage of my long-term investment account and not just investing goal, but like like in terms of like in the account like I want like actual gold? um me 10 coins? Yes, but a while ago load up on so where do you guys get it? uh James you said a lot like uh, quick.

where do you get this? like is there a major website? Yes I bought gold? uh do it. JM Boolean is good JM Johnson J S d Boolean J So JM Boolean is the main thing. Let me write this down: I Want to look into it Foreign? Yeah I don't personally own like any physical uh metal like that SD Boolean Kitco Okay, you guys are saying a couple. J M Boolean J M Boolean bullion Kitco Okay, there's a couple I'll check them out I appreciate that.

Uh, just feels like a smarter way to be a little bit safe I Also think it'd be fun maybe instead of buying it if I just go find it like a treasure hunter. That's a cooler thing because really I don't have to buy it then like I just want to go find gold. So um, if any of you in the audience and I know this is a long shot. but if any of you happen to be treasure hunters and if you're just looking for another body to be there, um, I don't know much about history I honestly don't know much about treasure, but I'm agile.

uh I feel like I could carry whatever gear you need me to I'm not saying I'm excessively strong, but I'm not excessively weak like I'd be another solid worker I have good jokes to keep these Spirits high I Would assume that when you are a treasure hunter, there's probably a lot of down time and you just need someone that like brings Good Vibes to like. Kind of keep the overall camping trip positive so I could do that. Um, that's pretty much my resume honestly. So I know it's a bit of a shot, but if we have, if there's any treasure hunters in here, you're thick.

I'm too thick. Yeah, that might be bad. Like if I have to somehow like fit into one of those manholes or something like you know, uh, those videos like when people go cave diving. That kind of freaks me out I Feel like I'm always gonna get stuck.

So if that's the type of treasure you're looking for, don't sign me up for that one. But if you're generically like sailing the Seas and you're like putting on scuba gear and you're like looking for gold that way. kind of in like that um McConaughey movie Fool's Gold I could do that well I I can I could help out with that So just want to throw out my resume. uh, ask A.A If you can dig Hymc: One of the most evident pump and dumps from a CEO ever.

Uh, how many of you are stoked that Adam Aaron got you into Hymc? Uh, this is. you know this one's weird. You know this one's weird When he was gonna have an interview of it and then his lawyers told him to not go on. TV Uh Hymc I Don't know how that's not an investigated thing.

This was absolutely disgusting. Absolutely disgusting. Uh, dead. How far is it down? H-y-m-c Uh.

year to date down 34 Past year it's down 73, down 26. on the over the past week it's up almost seven. but this thing just got slaughtered. Adam Aaron Pumped it and then dumped it on all of retail.

But at least the company raised money. All right. So this is the big battle for the Spy The Spy is at 393. that is the Line in the Sand.

Let's see how it goes. I see Meta picking up I see Tesla turning around Uh, we have FRC potentially cup and handle. It goes from 29 down, back up to 29. let's see if it can put in a higher low and then break above 29.

Uh, obviously I would love for this one. I'm in at an average cost of 42. would love for it to get above that. If you want to sell server, where do you sell it I don't know the silver store I Have no clue, You tell me.

Uh, could you check the short interest on Envx Happily E N v x e n v x e n v x e n v x e n v x uh short interest Seventeen point four percent utilization 53 Cost to borrow 1.18 So um, this is the number you're after 17.4 We don't need this. We don't need this. We don't need this. Microsoft tries to justify Ai's tendency to give wrong answers by saying they're usefully wrong.

when I saw this I Literally just read the article and wanted to share that with you because I I Love that. No, No, no, these are usefully wrong folks. If you mess up anything in life. Anything if you're not doing well on a quiz, a test, an exam at your job, whatever it is, whatever it is, just be like, yeah, no, it was usefully wrong.

I'm like, but that's wrong. You did the wrong thing. Be like, no, it's youthfully wrong. Imagine if that's just how everything in this world worked.

like you're probably doing your taxes right now. your CPA comes back and like you're just they're way off and you have to point it out to them and they're like, oh yeah, no, but it was usefully wrong. Think about the fact that we learned something from how bad it was when I filed your taxes. This is going to be my note.

My I'm never going to have a losing trade again because they're all just usefully wrong trades because like you learn from it, it's all just usefully wrong. Uh, what does it mean I don't know I don't even really necessarily want to dive into the story because I think the story itself is in the headline. and how much I just learned of spinning anything. Nothing's ever wrong.

Like you're never going to get anything wrong. Yeah, you've never said the wrong thing. You've never failed to test. You've never performed poorly.

uh, at your job, you've never had a bad trade. They're all just usefully wrong. It's smart man. That's just.

that's the best way to do it. Spy starting to pop uh in terms of my current positions. As you know, it's all in the newsletter there that I sold a bunch of Premium I would love for Meta at this point I started betting on it and I wanted it above 202.50 so that would be sick. The Spy starting to pop I do have Spike calls I have a lot of calls.

Uh, what was the strike on that I think 400 400 for March 31st. So I gave myself some time I basically gave myself two full weeks and a day. Uh, I bought Bior when it was Prague it was usefully wrong I I feel you on that I'm starting to honestly feel that way about AMC and I kind of always felt that way about eight. but then people got really mad when I shared basic logic about how ape was absolute trash.

Where is Apat I haven't seen ape in a minute. Honestly, it probably just looks like this: um AMC is down four percent to 421. Uh, almost at 420. that could be kind of cool.

Chart looks horrible and ape looks even worse. looks really bad. Well that's sad because all I can see is my money disappearing and it makes me even more sad to realize how dumb I was and to realize that we were all kind of duped and taken advantage of by Adam Aaron makes me feel like a a real big Uh reports today. Yeah, consumer sentiment just dropped at 10 AM What was the consumer sentiment? Let's see.

Let's see. let's see consumer sentiment 10 A.m 10 A.m 10 A.M Balenciaga Is selling dirty outfit covered in holes for 5K That's hot. That's a hot look 5K Honestly I don't think they're asking enough I Know we were about to talk about stocks and consumer sentiment and probably make trades on that. but let's just take a quick beat and we could all admit that that's a steal.

like they are practically giving away. Like for how the biggest issue with this would be how much your life improves. If you wear it, you'd probably get job offers you'd probably have like chicks just throwing themselves at you. Um, they honestly should probably sell this for insurance for how good your life is going to become for a small small cost of 5K Like that's a steal.

That's an absolute steal All right where. First Republic Bank Wait weeks of banking casting though. the end of an economic era bank and Chaos signals end of economic error. Maybe maybe not.

Uh, we have the second race of the formula season this weekend. Shout out to anyone paying attention to that Da where in the world Monday will react to joke submissions live on air I Want to react to joke submissions? Send me your best jokes. We're going to steal Crowder's idea uh Crocs breaking out of falling wedge Crocs C-r-o-x breaking out is this Crocs like the shoes because if so bullish, um I'm actually seeing a technical hold pattern I don't know what time frame you're watching on Michael Wait Crocs Breaking out of Falling Wedge and your name is Michael Croxton Are you? Are you a member of the family and you're now pumping your own chat? Michael Croxton is pointing out and thank you for the five dollar? Super Chat That Crocs is breaking out of a fallen wedge. Is there something that you need to tell us about your affiliation with this company? The name seems a little bit.

Sus man feels like you're pumping your own your own family's business right here and that's cool. Your family has a really good business, but uh. Mr Croxton? uh I don't know what time frame you're on. Unfortunately at a Wedge I don't think you're on that time frame are you on this? Okay, it was kind of coming down.

I See that you're pointing out maybe getting above 120, but looking on the daily, it's kind of done nothing. We have a double bottom triple bottom here at 110. Uh, looks like a triple top here at like 130 and we're now in mid-range So I don't know what time frame you're on, but on this particular time frame I don't personally see like an active trade. Maybe you could sell some premium on the size of it.

Maybe if you did an iron? Condor maybe 132 by 108 you're like all right, just betting on it continuing to go the sideways I just don't see a big movement and that then brings up the question of capital efficiency. of are there other things where it's arguably better to put your money right now because it might have bigger moves. Speaking of bigger moves, the Spy is popping FRC is popping. Meta is up a little bit up okay, starting to move Tesla Coming back around, we're starting to see some movements, starting to see some movements.

Hey, Matt I'm actually Mr Pfizer Can you tell me what you think about PFE Stock: The stock is actually a pretty solid stock, but I just have moral qualms actually. I didn't realize how poorly it's been doing. Holy, it's really been I mean can we just all admit that Pfizer has prompted a lot of issues? In terms of and I'm not here to talk about the vaccine or anything. I'm talking about the fact that they pay for so much positive media and it's LED this country like I think Pfizer Not single-handedly responsible, but they are very much responsible for a lot of the political polarization that currently goes on.

They have their hands in every single cookie jar, paying for so much positive media attention time and time again. It's just tough to know. Like if we could believe them or not. um, as a company, I Don't see Pfizer going under just because they are such a massive pharmaceutical conglomerate like I Think it's borderline impossible for them to go under, but something about it I Just do have serious moral qualms with them.

Speaking of which, today's stream is brought to you by Pfizer uh Sam that's hilarious. Imagine that Pfizer I would take Pfizer bucks if hey, we all have our own price. If Pfizer came and said hey, Matt we're gonna pay you like five bucks a stream I'd take that. why not? Uh, can you sell to close your opt-in contracts to minimize your losses or carry that thing to term like you're a pregnant teenager girl in Mississippi I could have sold, but I've just I don't know this.

Meta positions messing me up. usually I close when I get 50 of the maximum game. That's been the go-to but my mind with this current Pfizer multi-leg uh, excuse me not Pfizer Meta position has just been absolutely screwing me. Absolutely screwing me.

So I'm just like I said I'm until it hasn't been going well Pfizer hardly even know her. Uh, what's wait, did someone just Matt Please don't fall into the right wing BS Bro Wait, What? That wasn't a political statement. That is something that's factually verified that Pfizer pays for a bunch of media. Almost every massive thing is brought to you by.

Pfizer If you watch the news, that's how's Apple am I losing my mind. that was political. That was political. Uh, if that's political I guess I Just don't know what political I thought I was.

It's not political to just say a factual thing, Is it? Are we? at that point in this world where I could just say a factual thing Pfizer pays for a bunch of media if we think that that's political I don't know where we're at Matt that's called propaganda. Maybe I'm just off my game this morning. Maybe maybe I'm the one who's wrong. but I was youthfully wrong.

Don't forget that it was usefully wrong. It was usefully. we all learned a thing or two: Microsoft Debuted Chat DBT like features dubbed co-pilot that will eventually come to its business. Apps like Word and Excel current AI Technologies Like chat TPT can often produce inaccurate responses and some technologists are fretting over the possibilities that people may place too much trust in the software.

Microsoft is pitching the technology as being usefully wrong. It's a spin on Ai's tendency to occasionally stumble with facts. Yeah, that's useful when you just don't know factual things. That is, you're usefully wrong.

Matt You are a conservative, socialist, right-wing Democrat I Like that I Like that. Wait, I was we got completely sidetracked I'm gonna blame this one and you guys I Don't think it was necessarily my fault. Uh, whoa. YouTube says.

Starting today, the Donald J Trump channel is no longer restricted and can upload new content I Didn't know Trump was banned from YouTube I didn't know that was the thing I Don't s