Little crystals fill the room, flowing there perfectly. Illumination light shines through constellations calling your imaginary numbers. Awake at night, asleep and done. It's gonna run for far too long.

Close my eyes. Wasted Years Thank you brother, brother. Well well, well, let's see if the camera's working now. We're definitely a little off center I did a couple things to it.

apparently having an SSD card in can some of them aren't that good at heat dissipation. I already have a like dummy battery and I ordered another one that should be overnighted. So tomorrow if there's any issues here, we should be good. and I also change a couple settings around that I guess relate to like heat warnings.

So hopefully there's no camera issues on this particular stream. but we are here for the Fomc meeting Minutes basically is all the fancy notes and stuff that we're taking in the last Fomc meeting. So obviously it is important to note: when you're looking at all this, you're not looking at it through the lens of like the CPI report today, the PPI report tomorrow, the retail sales Because this is all just the meeting minutes from the last Fomc meeting about whatever six weeks ago or whatever it was. uh, usually this is boring AF I'm just telling you how it is.

it's usually boring, but in the past year the they become massively important because our fed, those sneaky guys and gals have been hiding some pretty important information in it. So we're here just in case there is craziness in the Fomc meeting minutes that might catch the whole Market by surprise, but that's going to be going on at two. Uh so I Also want to do a quick review of all the stuff we've been seeing in the market today and I also want to let you know where I've been spending the Lion's Share of my afternoon today and I just want to lead it off with this of: I Love political insider trading I Found a whole new example of it. Shout out to Quiver Quant and it's fascinating.

Uh, usually we're here talking about Pelosi and her Insider training, but a lot of politicians do it. It's not like she has a monopoly on abusing her position, a lot of our elected whatever 400. How many ever there are people seem to do it? but I Found one today that's fascinating. Absolutely fascinating.

Great name, fun things. He's training, direct committee ties. Uh, an absolute blast. so we're going to be getting into that just in case the Fomc meeting stuff is a little boring.

But with all that being said before we get into it, destroy the like button. Don't forget to subscribe if you're watching this. if you enjoy talking about stocks, options Futures Degeneracy gambling Sports gambling. Whatever's happening in the news, this is a place for you to be.

Become a goonie. It's free. Hit the Subscribe button and if you want to help me out the rumble leaderboard if you want to help me out the YouTube algorithm, don't forget to hit the like. It does help prompt this video to other people who might want to be a goonie degenerate the way we all love doing it as well.

So shout out to all that and who's today's oh if you want 12 free stocks and you're not yet on Weeble If you want to trade options with me on Weeble Pinned to the top of chat in the description of the video free to sign up I Use it for my options trading I Do not use it for my soccer trading, just my options trading pin to the top of chat in the description of the video. Check it out and without all that out of the way, let's get rocking. Let's get rocking. Let's get hello.

Why is that not up there? Hello. Okay, now we're good. Now we're good. Uh, the market Big Pop this morning sold off.

the Big Pop came because the CPI report came in a little cooler than expected. You could argue that it was slightly dovish, but if you looked at the core CPI Uh, so basically the normal CPI report year over year came in at five percent. Then if you check out what was going with on with expectations, the median value from all anals, that was 5.1 So it came in a little. Cool little dovish market pop.

But then all of a sudden people started to drive into the course. API So taking out food, taking out energy, and it was in line. it was 5.6 Expectation was 5.6 and then people seemed to get a little bit concerned that maybe this inflation in the world of shelters maybe a little bit more sticky than expected even though we are trending in the right direction. still concern over the magnitude that is still obviously present in our lives.

So we got to sell off and then eventually we ended up just basically bouncing back up. So we've done a great job of going nowhere. technically the market is still green on the day. the queues at this point are basically break.

Even so, another day in the market of pretty much violently going nowhere. um Bitcoin still above 30 000 East still above 1900 I Still have my Tesla puts I still have my spy puts I Was feeling much better about my spy pits around 11AM Still feeling very good about my Tesla puts I loaded up a couple more Uh puts on each of these just to lower my average Smart Plan Tesla Thus far, pretty stupid blade on the Spy but let's wait and see how that all plays out. Dow Rises slightly as Traders assess cooler than expected CPI report came in cooler but once again we're looking at the core CPI and what's it called? Like the super Core CPI Like when you're really looking at like the shelter. lots of people getting hung up on the shelter.

at least according to Fintuit Inflation: Rises Just 0.1 percent of March and five percent from a year ago as Fed rate hikes take hold, so it is a big lagging impact when they're hiking, hiking, hiking. it does take a couple quarters really for it to come into the economy. We saw the spike in June of 2022 at 9.1 percent, and since then we're all the way down to five, so we've almost cut it in half. But remember our targets two so we're not really out of the woods yet.

And also I would argue if you look at the weakness in the dollar the strength in oil I Don't think we're necessarily Out of the Woods I Just want to put that on everyone's radar. But we're not necessarily in a scenario where everything's like hunky-dory right now. Weakness in the dollar strength in oil obviously. geopolitical tensions.

We see people selling a bunch of U.S treasuries loading up on gold. Something's moving. You can almost feel the shift in the ground beneath us. I Don't necessarily think oh, like we've defeated inflation here.

we're good to go. This concept of a soft Landing I Obviously hope I Very much hope we play it up. Pull it off I Just don't know if I quite buy it. Here's the inflation breakdown for March of 2023 I I Just actually really like this visual.

So yes, Eggs year over year still up 36 percent. Uh, things like margarine, frozen vegetables I Mean these are all double digits. In fact, electricity upward is all up. double digits.

Uh. Food away from home, restaurants up almost nine percent. Food up 8.5 Food at home up 8.4 Big food surges are still there. And then you can see the breakdown of other things.

Uh, oddly enough, you over a year gasoline down 18 so we're going to take that as a swim. All we had to do for it was completely destroy our strategic petroleum. Reserve But if you do that, you too could bring down oil by excuse me, Gasoline by 18. All you have to do is risk potentially a national security threat.

Like no biggie whatsoever. Warren Buffett says we're not through with bank failures. so Warren Buffett did like a multi-hour interview with CNBC over in Japan he's invested in some of these training houses. He said a lot of interesting things this morning.

Talked about the CPI report talked about AI uh, was really hating on bitcoin and crypto in a general sense was making some Coca-Cola jokes and whatnot. I don't know it all went down this morning is recorded. You could check it out, but the one thing that happened even earlier before the CPI came out before we did all that stuff with the morning stream he talked about Banks and I just wanted to share this with you. Kind of interesting once again.

Just another thing I'm seeing make its rounds on the world of the interwebs. Warren Buffett Believes that there could be more bank failures down the road, but depositors should not ever be worried. We're not over with bank failures, but depositors haven't had a crisis. so Banks go bust.

but depositors aren't going to get hurt and then he went on. He's like I bet a million dollar that like all depositors, will keep their money because really, it's the fear from depositors that are prompting this bank run which is prompting the banks to blow up. So this is much more of a psychology driven thing than like a financial economic thing. It's just people aren't worried that they're not gonna have their money.

so they go and take their money out of the bank which actually does. then put the Exodus of dollars with depositors does put downward pressure on these Banks from a financial sense and that's what causes it to blow up. So it's a finance yet psychology thing and how it intermixes, but it's very much a self-fulfilling prophecy when people get worried that it's going to blow up and they do something about it that inherently makes it closer to actually blowing up. So I just wanted to share some of the thoughts from Mr Buffett Uh, the Omaha of Nebraska just because we did miss a little bit this morning as of now.

Uh, things are bouncing back I kind of showed it to you like we bounced back. things were looking a little bit more bearish, but now we bounce back to kind of nothingness. Uh, still seeing weakness in Tesla seeing weakness in the airline sector and it's all being drugged down by American the company that I absolutely abhor. The reason American is dragging itself and the rest of the airline sector down is because they gave some guidance of their numbers.

They analysts were expecting. uh, five cents earnings per share adjusted. They came in and said their guidance was one share. So the fact that analysts thought they were going to do better and then they came out and said we're not going to do better.

Well, now we're seeing not only AAL but d-a-l-u-a-l-u-l-u-v the whole Airline sector going down down down because of revised guidance from American. That's what's going on there in terms of all the craziness. Buffett Airlines CPI all that good jazz. Basically, we're still sitting in the room of a 70 chance of a 25 Bips rate hike.

Come early May Specifically Wednesday May 3rd mark your calendar, put a big star on it. Do whatever you need to, but that is when we're gonna get the next results of the results of the next Fomc meeting is probably the grammatically proper way to put all that. So anyway, May 3rd, Wednesday May 3rd, 2 P.m we get the FM OMC results at 2 30. the chairman of the FED Jerome Powell will be doing his press conference.

so all that stuff so just a little bit of prep work. Obviously, we are here to learn about any of the potential surprises in the most recent Fomc meeting. minutes. Uh, should be coming out at 2 p.m On top of that I Believe we're also getting information from the treasury I Just want to double check.

Laughs Yeah, Treasury Budget probably not going to be that big that like impactful. but what is is right here. Minutes of the Fomc meeting of the last meeting. Whatever.

Four Five. six weeks ago, whenever it went down I think it was uh I Want to say mid-march or maybe four weeks ago? Whatever it was the it's escaping me at the moment. Uh, while we're waiting for that to come out in about three minutes? I Do want to call out to you and this will be in the newsletter. If you're not a member of the newsletter, you're a crazy person.

Sign up for the newsletter Macquares.locals.com It's free, put in the code goonie and you'll be a premium member for free G-o-o-n-i-e macross.locals.com It's in the description you can find it, you're an adult, you know how to. Google Anyway, uh, tomorrow, we're going to be streaming early Once again the Producer Price Index. Today we got the Consumer Price Index How much things have risen or dropped in cost for the consumer? Will we get that? but for producers tomorrow? So that comes out in a hour before the Market opens. I will be streaming that we're going to stream again tomorrow 8 15, 8, 20 something like that and then on.

Friday We get the retail sales. But the exciting thing about Friday is we also get the earnings updates from Bank of America City Wells Fargo no JP Morgan Bank of America is the only one missing out. So there's four major Banks We're gonna hear from three of them on Friday So tomorrow's going to be an exciting day. Friday is going to be an exciting day.

Really, the second half of this week is just High Volatility, craziness, craziness, craziness. So uh, just want to set the scene for everyone. just so you guys kind of like know what's up, know what's going on? I Wouldn't be surprised if we sell off again into clothes similar to how we did yesterday. Things were pretty strong.

in the last half hour, we sold off as people became a little bit concerned about the report. Wouldn't be the most surprise if we see that we're seeing a little bit of weakness here in some of these big techniques such as Tesla. Obviously, we are seeing weakness in the airline industry. Uh, I Don't want to miss the time here? Uh, we were just waiting, waiting waiting waiting.

Let me reload this. Want to miss the meeting minutes? Meeting minutes, Meeting minutes. All right. we are still good on time.

Okay I have it right here. Uh, so a little bit of weakness in some of these Tech names. Uh, let's go through them. Apple Bounce back with the Spy men is actually doing better First Republic Was looking pretty bad.

Came back chilling at 14. obviously you can see Tesla it's hanging on by the skin of its teeth. oxy coming back. Oil Strong oils now up to 83.

we've been talking about oil for a couple months now. it's been Rocky but obviously it's paid to be a bull on this one. Uh, rum chilling at Nine. selling on that today Bitcoin still holding 30 000 East holding 1900.

All right, with all that being said, let's switch this over, not live. well, it should be. live. Buckle up team! let's see if there's anything crazy.

So I'll play the audio from this obviously. I'll have the market up so you guys can watch what is or isn't going down and then I'll also quickly hop over to Twitter Uh, usually we get some pretty quick reactions there as we're waiting for this to all go down. All right. I Guess we're doing free ad stuff.

Uh, don't forget to hit the like button. Don't forget to subscribe. We'll get more people in your power lunch. Good afternoon everybody and welcome to Power Launch alongside! Kelly Evans I'm Tyler Matheson After a big inflation report this morning, we await fed minutes just seconds from now.

Let's go. Let's go. Let's go. What's your vote? Red or green? What's your vote? Yeah, 153 points.

The NASDAQ as well as one to watch it had been up one percent gave up those gains. The two-year yield had been below 390, went back over four percent and the dollar is weaker. Let's get to Steve Leeswood With the details from the FED minutes now and some Market reactions Steve minute Steve minutes to the Federal Reserve's meeting in March show that the staff says the effects of the banking turmoil would likely lead to a mild recession. Later this year, it sought a recovery from Mattress.

I've previously seen the recession as a possible alternative to its Baseline forecast. Now, it seems to have elevated that to the Baseline forecast Staff had previously. Uh staff expects inflation to step down markedly this year and slow sharply next year. We usually don't begin with Stat, but this is a pretty big change right now in the Uh forecast.

For the staff, it says the forecast is tied to the banking conditions which are uncertain. It Also says the Um Fed officials themselves in the meeting saw banking term are likely leading to tighter credit conditions and it saw back into more likely Weighing on growth jobs. And this is what happens when you use the R word batting failures and stresses to the banking system we're seeing as uncertain. During the meeting, the banking Province machine is limited by most participants.

however. uh, they did factor into policy and they would factor into policy. They said if they affect jobs, inflation, and growth, some officials would have hiked 50 basis points if not for the bank stresses and in the absence of the bank stresses, Fed officials would have raised um as well. Uh, and it caused them to lower their outlook for the future funds rate.

Economic risk related to the downside, Inflation misrelated to the upside. Uh, one more thing here. Participants also saw the late Market is very tight, Wages were slowing only gradually, and inflation was seen as unacceptably high. Kelly Tyler All right, I'll pick it up from there Steve Thanks very much and stick around.

We'll just here. We go in the FED minutes. But first, a couple of legendary investors speaking out on the FED earlier. Here's what Warren Buffett had to say earlier today on Squawk Box I don't know what they precisely should do and nobody does and they follow conventional wisdom.

We're holding on to this. That's how we doing it. Sometimes it works out and something a little whip up, but a little whip down. But since coming back up 32, you know we've made all kinds of maybe the Market's like in the R word and we'll continue to make them, but somehow the system works pretty damn well.

I'd rather own stocks to bonds over over many years. Meantime: Ed Hyman Chairman of Isi Group and one of the most respected economic forecasters of them all expressed some caution this morning on the target range for interest rates. Okay, so that's a little bit more dovish Got the rates. You got an invert deal curve and the money supply is Contracting.

You need to take a step at a time and I feel confident that the FED should pause and then see what happens. Diane Welcome Good to have you with us. Are you along? Are you there with Ed Hyman or not? I am actually and I think is that a real human? The credit stresses that we've already seen are additional tightening in the pipeline feels like an AI system, how much tightening it will be and are we going back down? Market Can't make up. They've taken a pregnant pause at the last meeting because we just don't know how much credit tightening is in the pipeline.

but I think that's very important because that's going to really delineate who wants to hike rates one more time at the May meeting and who does not and I think we're likely to see another quarter point hike given how high inflation still is and where it is relative to expectations. It's not come down as rapidly as the FED would like and they're still going off the sort of assumption that it will remain more sticky. That said, there are many people on the FED that are now sort of breaking and saying you know we really need to take in these Financial conditions I Was at the Economic Club yesterday with Austin Goolsby and he was talking about the need to assess these conditions and sort of get some perspective on how much tightening is in the pipeline and how much heavy lifting that credit tightening will do for the vet. Steve Did the the this morning's uh numbers change in any way the Market's anticipation of a rate hike in May and what do you think? not only they will do but what they might say in May um I don't think it really changed very much.

You did have the headline coming down a little bit more than expected, but it's the the Fed and the Fed chair pointed us to the core in the court. Didn't show as much improvement, but Tyler I think we should maybe uh I'd like to talk about this issue of the FED hiking while the staff is forecasting a mild recession I Don't know if it's the same thing as a president overruling his uh, his Joint Chiefs of Staff about going to war or whatever or something like that, but the staff said mild recession as a result of these banking hikes, banking stresses, and the FED went ahead and hiked anyway. Um, it sounds to me like Diane would have sided with the staff I Know a lot of other folks would have such an interesting development here that the FED uh decided that a mild recession that's forecast by the Staff: was I guess okay relative to the need to fight inflation And so they went up a quarter Anyway, despite the forecast I think that's a pretty important significant development. I'm glad.

Yeah, right here. they're literally calling out what she expects will, including a mild recession starting later this year. Folks like unpacked, this Fed is calling out a recession Mild recession starting later this year. Black, white and orange right in front of your face with the recovery over the subsequence.

What are these two separate things? and what is the typical kind of interplay between? I'm surprised we're not selling more right now. They're like they straight up said they are. There's no question the staff. Briefly, he said the r word folks.

I think Also, we have to sort of go back up and remember what the FED released for their forecasts in the last meeting. she's not real I Don't buy it. Four percent growth was essentially a recession in 2023, so that the mild recession scenario is one that many within the FED with the increases in unemployment although not huge by any measure and you know, but enough to for nver to declare it a recession, the FED already had that baked into many of their expectations and felt that was necessary. They don't always say the quiet part out loud I Think the closest that came was you know the eight minute 34 second speech by Jay Powell at Jackson Hole but also when Jay Powell a little over a year ago first used the word softish instead of soft when we're referring to the landing.

So I think from the Fed's perspective they expected. Many of them thought they'd need a mild recession which is why we've been betting on recession hard to time. But the bottom line is this has been their goal and I think Now the question is can they actually calibrate it and this is where the division comes from. The Doves on the on the are voting more in these meetings This year the Doves Many of them are coming back and saying listen, we're willing to take a recession, but you know we've got this additional tightening.

Do we need to go that far this fast and that's where the break is going to be. So I think you could get a rate hike with descents and I think that's going to be a very mixed message to financial markets, but you're already starting to hear it in the communications from those that are going to be vote voting as the next meeting. Steve react to What Diane just said and I'm I'm struck by by the words of Ed Hyman earlier, an economist I really, really respect. Uh, over the years he forecasts the recession as you heard and it wasn't necessarily A Gentle one either.

If if I heard the subtext of his remarks, he pointed to banking stress, he pointed to inverted yield curve and he pointed among other things to a Contracting money supply which is sort of the the third Ace in the Hole that comes onto the table here. So so take that mush of a question and make some make a souffle out of it I don't know how you can quite forecast it's a bit like saying I'm going to jump into the mud hole and I'm only going to get a little bit dirty right? Once you're in the mud hole, you know you don't know how dirty the old mud hole start to contract. So is he trying to make us laugh How you know it's going to be mild? These recessions can have live you know lives of their own and are have Dynamics So I wouldn't necessarily Bank on the mild recession bit um I I think that I don't buy the money supply thing I'm on a bit of an agnostic on the issue of money supply. We were one of the first things you learned when you became a Fed reporter was that, uh, things with the m equation in it didn't help you understand monetary policy at all.

Um, it was a change that Greenspan made in the early 90s and I'm a little bit reluctant to go back and go back to the earlier time when M Aggregates helped us understand it. So I'll leave that to the side. I Just think the issue here is, you know why do you hire 300 economists? If you're going to kind of ignore them, that's I Guess the question I have today if they say mild recession and that's baked in I disagree a little bit with Diana that zero four is the same thing as a negative number I think there's a big difference with a negative number. so I would just argue that if you're already headed for this is called the AI system.

Yeah, I just disagree a little with that dummy. It speaks for reasons for caution and the FEDS don't have to ignore that and and just real quick getting on what you were talking about there. I Do think that there is as Diane was suggesting a sort of dovish wing developing because there's a dovish argument out there. The wind is centered on these backing conditions.

Yeah, I See there. unless we have to leave it there Diane Swank Steve Leesman. Thank you very much. let's get some more.

Market reaction to these minutes now. Uh Rick Santelli Oh yeah, Rick's my bro. where is it moment? But if you look at yields, look at an intraday of two. Oh the CVS more work we've done to the downtown two days.

Fascinating, but in many ways they're old news according to Traders. And if you look at 10-year note yields, you know we're hovering at levels darn close to lowest yield since September Not to mention the dollar Index already on Pace to close at the lowest level since February 1st. But openly, it is teetering on some levels in April of last Pure grinds here grinding. Here's the deal.

We have them. yes more. Rick Rick Rick Rick Traders Generally think about the minutes. no news is good news.

It's a nothing burger. and in our world of volatility, uh, you know nothing means up. Uh, okay. why are you wearing a purple suit jacket brother.

In my opinion, we could argue about a tenth on core year over year, but generically, it all moderated. So the only issue is, is it moderating Fast enough? Tell me the Trader's perspective. Yeah, look, we went from zero to five percent. Uh, whether it's five and a quarter, that's a real journalism.

You just shove the mic right into their face. It's spring the floors. That's how you do it. Hedges are uh yeah, that's how you do it.

Short call: You don't see that in journalism these days. Towards expiration, everyone holds it all soft. Yeah, they have to cover back I Guess your final thought? That's how you know. Rick's legit.

It's important whether it's four, three quarters, five, or five, and a quarter to the ultimate terminal rate. What is the biggest new issue on your radar screen? This fed will have to take the wealth effect out of the market. They're gonna have to come back and start. I Can't do that is taking yields back up that have been overdone on the back end of the curve.

So I'd expect that from the FED as we look forward to the back of this jacket yellow and I look forward to continually hearing from the CBO about how big our current fiscal deficit is compared to 2022. It's like 4 hi, Kayla hi, Tyler Will treasury regularly? Uh, release his statistics about how the government is financing itself And this month, the Treasury statistics showed that the Federal deficit swelled by about 96 percent between March of last year and March of this year is essentially standing at about 432 billion dollars. In March, it stands at about 1.1 trillion dollars for the first half of the fiscal year. So why is that? Well, government spending? Rose About 13 percent.

Even as Uh revenues coming into, you want them to spend more of our money that they don't have. and a big part of that is the cost of servicing the federal debt. Interest payments up 32 percent and the government is now estimating that it could pay around 900 billion dollars an interest alone. Just this year, Treasury officials for when the US expected to pay nearly 900 years concealing debate, officials said no that essentially this is all in line with their forecast.

No new expectations, but certainly could be for the debate in the coming weeks. Tyler All right, Kayla Thank you very much coming up a hot button issue. Shares of serious logic I Don't care about that. Bring Rick back.

The plans is abandoning 900 billion Tech buttons interest payments. oh yes, sorry about that. Today's Tech All right, we don't need this. That's an executive if it's not Rick we don't want it.

How's the market doing? Uh Valdly once again going nowhere little up, little down, little back up volatility going nowhere. The dollar continuing to go down should help the market a little bit. Our Airline Still Week week AF Uh yeah, they're pretty bad Tesla Tesla's looking weak. The Spy doesn't know 900 billion in interest payments.

All right. Legitimate question. before we get into something I need to talk with you all about: are we the stupid ones for paying our taxes like it's so easy to be me to be on this side of the camera and rile you guys up. You know I know your buttons to push I just random populous speaking things like the government's against us, they're wasting our money like it's just normal populace I know how to get you guys riled up.

but in reality, are we the dumb ones I Mean we could sit here all day and I could tell you hey, the government's wasting your money and you're like dude I know that that's not why I sub to your channel you subbed to my channel for a deeper breakdown of the situation And the bigger breakdown here. The deeper breakdown in here is are we the dumb ones? If we know they're wasting our money? like do we need to look, look in the mirror and just like you just point out the person in the mirror like are we? We're innate. We're enablers. We are Financial enablers Financial druggie enablers.

We are. We're The problem is. Write it down I Have no clue. Uh, we're the problem.

Taxes are slavery with extra steps. Taxation is theft. Taxes are beat. Taxes are super uncool man.

You know who would be able to fix it though Rickson Telly that guy I just want to get a beer with them I Think we should create a petition that Rick Centelli is CNBC 24 7. no other anchors or correspondence ever I wanted to be the Rick show no more CNBC it is called Rick Live Rick Rick 2024 and then we and then we elect him to president. We'll do like one cycle of him being 24 7 CNBC at in the new show called Rick Live kind of like a Truman Show of Rick's life and then from there we make him President all behind Rick Big Rick Energy that's his slogan. make Big Bricks great again Big Rick Big Rick Big Rick Oh Rick all the time you just got ripped.

That's what he could say whenever we win a war like he intentionally gets us into small kerfuffles on an international scale and then we win and then we're like you just got ripped and we're really just like shouting at a third world country that we were obviously gonna beat in the war. I Think this could work big Rick Energy All right? Uh uh. And this is getting me completely off track. There is something I need to share with you that I'm trying to think of the best way to really explain this all to you.

Political Insider trading is by far my absolute favorite thing, but once in a while you find a politician that's doing something so astoundingly egregious that it somehow becomes your favorite. And that was something I went through today. So obviously I want to share it with you? Shout out to Quivercott No, no, that's not their name Quiver can't shout out to Quiver Quant where they show you all these political Insider trades I Check it out every so often and I saw this name Tommy Tuberville. Now when I see a name like Tommy Tuberville I Know I'm not dealing with a run-of-the-mill politician.

This ain't no normal politician name like John Smith This is Tommy Tuberville And you know Tommy Tuberville is going to be up to something. So the first thing I do is I look at it and then it instantly gets better. It's not just Tommy Tuberville, it's Coach Tommy Tuberville. U.S Senator for Alabama So already you can see that The Narrative of the writing itself, It ain't just no normal Tommy Tuberville, it's Coach Tommy Tube.

reveal from Alabama Shout out to everyone from Alabama currently watching this so I look into them because this seems like a guy that has some sort of story to tell. So once again, shout out to quiver Quant I dumb I jumped into I was like what's he trading oh Clf. Okay, okay and then you realize he's trading a lot of Steel like a lot of Steel just look at all these dollar amounts, it just adds up. Hundred thousand hundred thousand Fifty thousand, Fifteen thousand, fifteen thousand hundred thousand I was like okay, this dude has something to do with steel and then I'm like ah, maybe maybe not I don't know if there's anything there.

so I keep scrolling. You know me, a half-assed journalist that once in a while finds something interesting and then I noticed this I noticed our boy Tommy Key dog if you will T-Bone T-Bone Hizzle Snizzle. Whatever we want to call them is trading futures now over the past couple years I Love checking out what politicians are doing I love it and almost none of them are ever trading Futures that is some degenerate leverage craziness. It just straight up is futures for a politician what? And then I was like okay, there has to be something to t-bone here.

So I come to T-Bones Committee assignments Stern As ever stoic, potentially a superior Trader on the west side of the Mississippi and I look at his committees Senate Armed Services committee don't really care about that and then I didn't even have to go fishing that long. Bada bing Bada boom T-Bone is on the AG committee. so maybe for those of you who weren't really actively listening to me, maybe you were yelling with your significant other, maybe your kids, Maybe your manager? Maybe you're just ordering a coffee at McDonald's I Have no idea, but let me connect this for you. T-Bone AKA Coach Tommy Tuberville is Trading futures that directly like it's as close to the influence on price as you can possibly get.

and then I had to just do a deeper dive. So right here the guy is trading corn Futures as shown on your screen right now like straight here. I'll zoom in so you can see it a little bit more. Straight up trading: Futures contracts that are directly related to the committee that he is serving on.

corn feature corn feature, corn feature I was like going. maybe this is a one-off thing. Maybe he's a degenerate. Gambler Maybe he's paying off some of his bad bets.

Like maybe this is just like it's the new 2023 thing for him to do just because I don't know, maybe he needs a fourth or fifth. Mansion So then I started diving into it even more. I was like, okay, well, it wasn't just that. apparently he's also trading cattle a little bit more corn.

and then if I'm being honest I kept diving into it and it just gets more and more wild the entire time this die and cattle like he's on the AG committee. That's insane that if I just told you this without showing you evidence like if you told, okay, let me put it this way, if you told me this, if you see me hanging out Dave and Busters and I'm slinging some skeet balls and you come up to me and you're like hey, what if I told you that there was a politician who was on the AG committee and he's trading agricultural based futures and I'd be like whoa, You're telling me there's a guy who we've elected who's sitting on the committee who directly influences the price of a certain asset and he's trading that in a leveraged format. I'd be like you're full of it, that's not real. No one would be so egregious to just not just be over the line, but to literally just like almost an Olympic level triple jump over that line I'd be like you're full of it.

Get away from me. I'm enjoying my time at Dave and Buster's I'm playing some Skee-Ball don't be spitting me this Fantastical story. it's just not real and I would be wrong in that scenario. In this hypothetical that we're having a great time together at Dave and Buster's I would not believe you and I would be wrong because it is very real.

This dude is Wheeling and dealing and it doesn't even stop there. I Didn't have the time to go through because every single one there was more and more and more. He just keeps doing cattle and corn cattle and corn cattle in court. This is a whole nother one.

How many pages do I Look at more cattle, more corn? The dude is just slinging it is absolutely slinging it. And that's why Coach Tommy Tuberville might be my absolute favorite political alleged Insider Trader I'm not a lawyer I Don't speak legalese I Have no idea if he's Crossing some sort of legal line, but from an Optics level from a moral level, this seems so egregiously bad. so insanely bad. I'm just throwing out a conjecture here.

but if we did this, if you did this, if I did this, we'd probably be behind bars. And then this guy. T-Bone His big thing is that we just have to call him Coach he's like yeah, no, it's cool I'll make money, just call me coach I'll just be a senator. He's on the AG committee folks.

This guy is on the ad committee trading corn and cattle futures. I'm taking crazy pills I I Just don't understand I Don't think how how do we live in a world where this is possibly acceptable? I Don't know. Well shout out to Coach T-Bone I Like the I like the cut of your jib I like the style of your game. What a what a guy I Hope he gets reelected because this is content.

that just it honestly just makes itself I Love it so much. Where are we going with the market? I Just want to follow what? what? T-Bones up to who get promoted to the SEC for awfully man the market coming down a little bit Where we at Tesla looking a little weak. let's go to the 15 minute on everything Tommy Tommy uh Mark Well, essentially flat American flat weakness. Uh, Tesla maybe breaking down here I'm watching the low 182.

Bitcoins flap Tech Once again flat. so maybe a little bit boring into close. maybe similar to yesterday, a sell-off in the final half hour the final 20 15 minutes just because of apprehension related to the PPI report. If you missed the Flomc meeting minute stuff.

Uh, the main thing you really need to know is that they said the r word. uh. Given their assessment of the potential economic effects of the recent banking sector developments, the staff's projection at the time of the March meeting included a mild recession starting later this year with a recovery over the subsequent two years. So this was the meeting minutes from late March when they had the last Fomc meeting.

so they admitted that and then still jacked up interest rates by another quarter bit. or excuse me, 25 bips, another quarter percent. So they're like yeah, I know we get it's bad, but like when in Rome we might as well make it worse. But I bet before they did that, they're like firing up Robin Hood on their phone and like yoloing into puts.

and then they probably called up T-Bone and they're like what's going on with cattle? Are we going to give more corn to the cattle? Are they going to be eating more? Maize What's going on in the Maze industry now? Only just like corn, but like the fun, entertaining thing to do in the fall season when we want to get lost in a field. What's that maze up to? craziness? Craziness. Crazy craziness. lowercase r word in this situation.

Uh, it was a lowercase one. It was just a mild r word. So I'm actually surprised we're not selling a little bit harder right now. I mean that's kind of a considerable development.

Looks like Tesla's about to crack. Am I green on my Tesla puts hello Tesla Tesla Tesla Tesla I'm up 134 I'm up 6.7 and my spy puts are down 39 also known as 1.2 K So that sucks. but I guess if we sell hard I might be good. this might be the start of selling I Don't see how that report was a good one.

Oh, and the best part is that our government has a 900 billion dollar interest payment on our debt. This just doesn't feel real I I Like for some of the insanity that goes on and that we talk about here, the word I used before was perfect. It's it's fantastical. I hope that's a real word It it seems as if it's from a fantasy land of just some like shitty C-tier writer of like economic crime.

Except it's not from a shitty see you tear writer. it's our life. Like if this was in a book or a movie. all of this political insider trading.

what's going on with our government? Dalai Lama asking a little boy to suck a song I would just not believe it I'd be like you are too far out of reality that I just don't believe your story. The crazy thing is is it is our story. it might be our simulation or maybe this is the real world and I'm in a coma. my neurons are firing off if they are I would have some issues because I thought I would make a better world for myself I just I just don't get it I feel like I'm going crazy.

It's just it's all. it's all just nuts. doesn't it just feel nuts? like was life always this nuts? Or is it getting worse? Are we getting more nuts? I Don't know. what's everyone's opinions on nuts? The nuts, nature, the vicissitudes of nuts.

Oh I Did a like this lower back hamstring workout yesterday and these thunder thighs are tight. Our debt. It's always their problem, their profits and our problem. That's a good point.

Alan I Never thought of it like that. Our debt. It's always their profits. Our problem.

That's fair. Cashews aren't nuts Trump and dad, they're a droop I Love cashews I think that's the main thing? um Thai Food got right was including cashews in their dishes. Seriously, that is some whatever genius Thai Cuisine expert out there is like, you know what? we're gonna throw some cashews into this. It really helped with the meal.

Uh, the whole world is not your number one. uh uh, other brother, brother. All right, that's pretty much what I have for you. Are there any questions? questions? comments? concerns before? I Let you guys go here.

I'll move it over to the questions, comments, concerns. Anything I can help you guys with. Does it relate to the market? Do you have options? questions? Crypto questions Futures questions, relationship advice questions, legal questions, nutrition. Does anyone want to know how my ice plunge Journey has been going is chairpal not speaking correct.

We just got the Fomc meaning minutes. He doesn't speak uh I don't think he will be speaking until Wednesday May 3rd or April May I Always forget if April comes after Marcus really selling in her clothes here? What about Hawaiian and pineapple? Matt Hawaiian What pizza? Hawaiian and pineapple pizza? Love them Do you? I think Bitcoin will rally further depends on your time frame I have a very bullish stance on Bitcoin in the long time frame Uh I think of Bitcoin as an investment I don't particularly care about day trading it or swing trading it. I'm in it for the long haul because I am very suspect of our government I Guess that's kind of a like Cop Out Libertarian thing to say. but I just think they're kind of dumb.

If you could make an ETF of meme socks, what would it be? what would be in it of meme stocks? Um, basically I would just look at the most popular things on Reddit and I'd probably rebalance every single week I will look at Wall Street bets. that's how I'd pull it off. uh, but obviously wouldn't be doing well AMC Getting murked. you have Gme getting murked like a lot of the Bbby got murked.

Um, yeah. AMC's trading at 564 and Ape is trading at 156. So together they're like seven bucks. Remember before, ape was the thing how AMC was trading at 18.

those were fun times. Really, really fun times. Does anyone else remember the times before? Adam Aaron Us over I Remember those times I was I was just a a young lad at those moments of yesteryear. but I remember them fondly I I Very much remember them fondly.

but here we are the yin and the Yang in this situation. we were on high highs thinking we had a suit on our side to fight Wall Street and now we're on the low lows of realizing that he's kind of a piece of AMC Dark Pool. Shake my head. Imagine if I told you every single time you said dark pool or like short like the shorts like as a as a noun, not really as a verb.

If you replace it with Adam Aaron you would be as accurate like if you said oh man AMC stock price is down because of dark pools. Like if you just replace dark pools, oh man, AMC's price is down because of Adam Aaron Arguably you'd be as right. Like just you know Redline those words dark pool, short attack, short ladder attacks and just replace it with a A and you'd probably be as accurate. like just just do a little bit of the switcheroo vote The Roadhouse CEO to run AMC I Don't think he has the time to do that.

Like do you think those buns cook themselves? You think that cinnamon butter creates itself? No way. That guy has too many important things going on to care about. like the burning dumpster fire that Adam Aaron has created. beverage Farm Remembers Oh folks, you always crack me up I Appreciate you I appreciate you.

Um Before I Let You Go Before I Let You Go Uh. Friendly neighborhood reminder to not only be subscribed but there's a circular icon with a bell inside it. Click on that and switch it to not personalized but all turn on your notifications from that personalize and click on it is going to be it. auto sets to personalize, just switch it to all.

And theoretically you should get notifications when I put out any content. um, it's working far far better on Rumble I Don't know why YouTube plays fast and loose with notification rules. Seems very very weird to me, but that's theoretically how you get uh, this content like for example actually Before I Let You Go I need to have a quick conversation with you because like sometimes I talk to my producer and we try to figure some of this stuff out like for example, I posted a video related to bitcoin and Michael Saylor yesterday and it didn't do so Bueno In all reality, some of the clips we've been posting lately um, they make me cry an excessive amount in the shower and my question to you folks is did you not get the notification or did you see it and you're like nah that I don't want to watch that Matt like that's not the I care about like am I missing The Mark with the content itself or are you guys just not even aware that there's something out there that I put out there? Uh bro, those triceps I did okay. Lift no I lifted buys yesterday.

my buys no Note: I'm not into crypto. No, no notification. you can handle it just yes Dylan just says yeah, he's like yeah, sure man. like whatever I'm not on team Crypto Okay, but what about the one? um I don't see it I'm not getting notifications Hairy balls for Amcco Uh what? I said put out didn't mean content.

no notes YouTube's gonna dig you. Put those guns away, watched it. Loved it. Yeah, we're just having a really tough time getting the content to our core audience.

and I don't know how to overcome the technical obstacles that are being presented to us? Um, all right, we're gonna figure it out. But folks, we put out content pretty much every single day. If there is a bell icon which there definitely is on YouTube click it and switch it from personalized to all and you should get the notifications from me. Um, but that's it Market looks like it's selling I have spy puts I have Tesla puts the newsletters coming out at like 4 30 so that'll be out in like two hours.

Uh I Hope you enjoy it I'll catch you tomorrow. We're streaming early tomorrow. Set your alarms. You might just want to go to bed now.

Maybe you want to leave work early, get your dinner in, and like, uh, go to bed early. Uh, you got to get your rest because we're going to be streaming at 8 15, 8, 20 tomorrow morning the crack of dawn I Hope to catch you there. have a beautiful day I Appreciate all the Good Vibes and shout out to T-bone for being the most exciting Trader in all of politics. Peace Out! Girl Scout Have a good one.