Foreign I Gotta be free Thank you I gotta be free Thank you thank you Foreign. What's up, Butt Heads! Hope everyone had a phenomenal weekend. Uh, this is going to be a crazy week. This is going to be an absolutely crazy week.

So we're gonna have the CPI report we're gonna have Sam Bakeman free testifying with I Believe the House and then the Senate it's quadruple witching on Friday Uh, we have the Fomc results on Wednesday there might be a Sam Bakeman freed uh Twitter Space call today in just under an hour. So much is going on this week and I want to prep everyone for that, but just because we also have some craziness from last week. The Meta Materials Mmat and Mmtlp. that whole debacle I Want to get into what's going on there now just to be completely I guess like transparent with all you I never got into Mm80 I never got into Mmtlp remember I hate training OTC socks because this type of happens all of the time in the world of OTC training.

So this is exactly why I give out those little mornings of maybe we shouldn't be touching OTC and then you get crazy insane things like this. Honestly, it's reminding me a lot of the whole sprt gr-e-e thing. And do I think in this particular case, Finra is partly to blame? Yes, but I See right now on social media that Finra like people, are trying to get Finra the entire blame. And I'm here to say that Finra in my humble opinion, deserves some of the blame.

I think there could have been better protection for everyone involved in the market, especially with Mmtlp. but I also think that the entire management team is a cohort of thieving scumbags I Truly believe that I spent way too much time looking into this over the weekend. and yes, I agree. Finra deserves some of the blame, but they're not the only ones in this scenario if you were caught up in Trch Mmat.

Mmm wait. what was the dash to the Mmat-a like the first spin-off and then the Mmtlp? Like all this stuff, it very much has the vibe of people at the Helm of the ship in control of the organization of the business basically screwed everyone over and Finra kind of allowed them to do it. Uh, so it's a crazy, crazy story. so I want to talk about that one? We have some other updates of what's going on in the overall Market China inflation this person saying this? this person doing that.

So it's gonna be a hectic hectic week. so I highly recommend that you guys strap your socks in. You get it's a little too bright actually. sorry I know I'm a little distracted I just don't like how bright this is like.

We get it I'm already as pasty as they come. Let's let's let's chill there camera. Geez. Sony Sony Doing whatever it can to make me look like a bag of mayonnaise.

My apologies I Know you guys probably came in here and you're like whoa. Who allowed the vampire on Match stream this morning? So once again, my apologies I Get it. I'm as white as they come I'm working on it I Try to get the sunlight but it also turns out that it's a like dystopian Tundra Hellscape outside that's very cold and I haven't seen the sun in many years. It's been like 87 years as the lady on the Titanic would say.

my apologies, my apologies, my apologies If you guys need me to create some sort of filter that like goes on to your screen whenever you're happy to be watching a Mac course video, you might be legally entitled to that because I don't want to get sued for blinding any of you of the lights refraction off of my own skin like I can't handle all those lawsuits. My apologies. Uh, 84. What's 84 mean? Why did three people say 84.

oh it's 84. oh that's the the meme. I'm not good I Don't want people to freak out here I've never watched all of Titanic like I've seen probably most of the parts that if you add it together, it's probably in excess of 90 of the movie. but I don't think at one point in my life have I sat down and actually watched the Titanic um I don't know if that's gonna make some of you like rage quit and leave this stream and be like I Only listen to people who know about the beautiful story of Titanic Uh, I'm just not one of those people.

I'm just trying to be honest man. hey it's a Monday It's a good day for honesty. Um, my apologies. maybe we'll have a goonie watch party so folks, folks, lots to get into before we get into that.

Two important things if you're just joining me right now, Welcome I Appreciate you. Could you guys please give me a little bit of a helping hand with the algorithms that run my life? If you're on YouTube hit that like button. It's always nice to try to. Let's set a goal for 500 before that Bell goes dingy ding ding ding right now I'm seeing that you guys are at 111.

it just helps out with the algorithm. I Get it? It's annoying to pitch, but it really does. And don't forget to subscribe as well. And then over there in the world of Rumble hitting the like button helps out with the battle leaderboard and then it also helps.

just other algorithmic things but same thing there I Appreciate it. Thank you thank you thank you. Don't forget to subscribe, so make sure you're subscribed on both both Rumble and YouTube But shout out to all of you thank you so much! Um, that was number one and number two. We'll talk a little bit more about this when the bell goes.

Ding ding ding ding But folks, it's the season of giving and public is giving. In fact, they're giving away a free stock valued anywhere from three to three hundred dollars if you want that for signing up for brokerage that has no payment for order flow. No Market Makers, you know, seems like a brokerage that you could trust a bit more than some of its competitors. Check out Public.

It's pinned to the top of Chat. It's in the description of the video, but it's not just one free stock. You can in fact get up to ten thousand dollars when you transfer your account from another brokerage. Obviously there's different levels of tranches to it, so check that out.

But we're talking about them giving away free money because they want you on their platform and I'm happy to be partnered with them because no payment for overflow. No Market Makers seems like they actually care about their clients. And just a little bit of a side note here. they do have a bit of a social media like kind of spin on it.

So for example, you can follow me once you get on the public at Matt underscore course my pictures This little duck fella right here. you can see see what I'm buying. You can see what I'm selling. You can see what I'm invested into.

so you can obviously do that with me, your friends and families who all members who also happen to be on public. Pretty cool, but it's nice to see what I mean. There's a lot of people on there that you might be surprised around there. I Always like to kind of stock and see what people are buying and selling and that type of a thing.

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Pinned to the top of chat in the description of the video Shout out to public for sponsoring today's stream. Now with all that out of the way, let's actually talk about the market really quick. Uh, let's uh, do a little bit of ground work. Stock futures nudge higher to start the week with Fed meaning key inflation data on Deck So yes, CPI report is tomorrow Tuesday an hour before the Market opens.

I'm going to be starting the stream early tomorrow because it's going to be that important. Every report tomorrow's gonna probably be a pretty long streaming day. so is Wednesday. Just so everyone knows, because we have these macroeconomic reports, we have Congress doing their stuff with Sam Bakeman free.

We have the Fomc results Tuesday Wednesday It's going to be a lot of streaming hours folks, so you better be prepped for it. But anyway, right now if you look at the markets they are green. the Dow the S P Nasdaq all slightly green, oil going back above 70 7134 and we have the 10-year yield still chilling at 3.5 percent. Not exactly the same story in the Asian markets.

Hong Kong shares dropped two percent as investors look ahead to the FED meeting. U.S Inflation this week. So so we were kind of talking about the trend heading into the Fomc meeting. Uh, just historically.

We were doing this in the cult stream last night. and just so you know, from a seasonal perspective. I'm not saying that this is a 100 accurate thing, but I'm saying from a seasonal perspective, there is a slight bare lean today and then a clear bearish lean. Tuesday And Wednesday of this week, does that mean it has to play out bearishly this year? No.

I have no idea I can't tell you the future. But I'm saying historically, if we look at data over the past two decades, the first three days of this week, trading day of the month, what is it? Eight, nine, and ten, they are favoring the Bears Once again, that's not a hundred percent guarantee of how it will play out this year. I'm just kind of letting you know how it's played out in years past. If I had to throw out a thesis of why it has a bearish lien, it's probably because heading into these massive reports such as the Fomc results probably just uncertainty of like we think we know what they're gonna say.

but not really sure. So when there's uncertainty in the market, the market goes down and then right after the results, the market tends to pop. And that's exactly why. in fact, Thursday of this week, the day after the Fomc results has a very strong and clear bullish lien just from a seasonal perspective.

So I just want to throw that all out there so everyone knows. but Hong Kong Little red and if I had to guess today I'm slightly embarrassed today in the overall market and I'm clearly bearish leaning just from a seasonal perspective on Tuesday and Wednesday of this week. Inflation backdrop: May Soon increase appetite for this roughed up Bond Play So it's just talking about the classic like 60, 40 split and all of that. And really, when you're in a restrictive monetary setup, usually bonds kind of do the opposite of stocks, but in this type of macroeconomic environment, they actually tend to do the same thing and that they both sell off.

But a lot of people starting to think okay in 2023, if if if if we can do this soft Landing that the FED has been talking about, if we can actually pull off like a miracle Landing of high inflation crazy Market Environment crazy political environment I Hope it happens I really, really do. But if we could pull it off, 2023 is going to provide some a phenomenal, phenomenal buying opportunities. but obviously that's also a big if. and I know we're kind of a little far out in the future.

so once again to bring it back to this week. So today we have some reports: 11 A.M 11 A.M 2 p.m Um, they're important, but they're not the most like influential I would argue macroeconomic reports. The big thing I see today is allegedly not necessarily confirmed, but allegedly Sam Bakeman Freed will be on a Twitter space call at 10 A.M ET in just about 45 minutes. Then tomorrow we get to CPI Consumer Price Index another very important inflation report an hour before the Market opens tomorrow.

on Wednesday of this week we get the results of the Fomc meeting and then Jerome Powell the chairman of the FED will be speaking at 2 30. A half hour later results compound at two, he speaks at 2 30. Also between these two days Sam Bakeman freed on Tuesdays allegedly going to be with the house and then on Wednesday allegedly going to be with the Senate um and then on Thursday we get all the classic Thursday stuff: initial jobless claims, retail sales, blah blah blah and then on Friday it's quadruple witching which just increases volatility a lot because there's four major types of contracts that are all expiring so people are forced to make decisions of are they going to roll into the next one? Are they going to stay long? Are they going to stay short? It is a big just movement of money into new contracts to stock related ones to Future related ones. And there's that breakdown video of my channel.

If you want to know a little bit more about quadruple witching, but this week is going to be absolutely nuts I Want to talk Just because we're talking about macroeconomic reports? Inflation? All that I Thought this was pretty interesting. Home bubble is popping. Cancellations of signed contracts with individual buyers have spiked. The cancellation rates topped out in the southwest at 45 up from a cancellation rate of nine percent a year ago.

To me, there's a lot going on in the underbelly of Housing and I think housing is going to have an extraordinarily tough year in 2023.. So what does that mean? Well, that means if you're focusing on kind of stacking, Cash There's most likely going to be a very, very nice buying opportunity for you with probably distressed sellers if I had to guess, but just looking at some of these I mean that is a huge up Look at what's going on in Southwest 9 to 45 Texas 12 to 39. Uh, the Northwest 7 to 30 like these are gigantic. The national average went from 8 to 26.

it almost 3x and more than 3x. That's not good. That's not good at all. So I am by no means a real estate expert I enjoy learning about it I want to get to that expertise level I'm in no way trying to say that like I'm some like Guru in the world of real estate that you should listen to, but just reading the writing on the wall and talking to people who are actively in the industry, it's I Hope it's not a prolonged drawdown, but it seems like we are going to have a very serious drawdown.

This is what happens when you have a supply demand inbounds. This is what happens when you're potentially heading into a recession. This is what happens when interest rates are Sky High which makes mortgage rates are Sky High This is what happens when you have a lot of layoffs right now. There's many things going on at a medium level of importance and when you add them all up, there is a totality of massive importance and it does not add up to a positive tone for the overall state of the real estate market.

If I happen to have any real estate people in here like I whether you work in the industry, you follow it religiously I would love to have you on for a conversation. If you don't want to do that, I would love to just kind of get your thoughts in a DM Once again, I'm not trying to present myself as some sort of real estate Guru but I would love to have the conversation to share your particular career insights with what's going on right now with the rest of the community. Just so we're a little bit better off. Um, so like I said, if you want to come on and chat if you want to shoot me a DM of like do you think my call out's right of it we're heading into really really Rough Waters Do you think I'm overstating it? Do you think I'm understanding it? Uh, would love to share your thoughts.

Five things to know before that stock market Bell goes dingy ding ding ding today Monday December 12th the FED is on Deck starts tomorrow, concludes on Wednesday We get the results at 2 pm ET and then we hear from Jerome Powell the chairman of the FED at 2 30. Microsoft buys stake in London Stock Exchange We're going to be talking more about that in a second. Twitter charges Apple users a premium. This is kind of funny Twitter just hitting back at Apple with the whole I guess 30 secret tax and that's just how much Apple takes on all their apps or transactions and I guess as of today, what is this Twitter Blue is back again Elon Musk Social Media Company said over the weekend it would launch the service on Monday It'll cost you eight dollars a month if you want to edit tweets, upload, 1080p videos, and get a blue verification check mark unless you use Twitter through Apple's IOS then you'll have to pay eleven dollars a month which is about 30.

I mean I think that's about a 36 markup? Uh, maybe 37. The role comes. Uh yeah. Revenue at dollars but misunderstanding with the Apple CEO Artemis one in the books shout out to NASA crushing it and then more sanctions for Russia I mean a lot of stuff going there so we could talk about that also in a second.

Um, before we get into all this because we have just over 10 minutes I Obviously want everyone to know how incredibly important this week is. we're talking obviously for stocks, cryptos, bonds, Futures options. all that good stuff. I Mean we're getting major major decisions related to inflation, which is probably going to set this tone for the start of 2023.

So I Just want everyone to kind of know where we're at. right here. This is a famed Economist who's on CNBC all the time. The FED could have quietly abandoned its goal of getting inflation down to two percent next year.

So a lot of this is like okay, what are you doing with the soft Landing What is the terminal rate going to be? What are we doing with interest rate hikes? Most recently, we've had four 75-bit rate hikes 0.75 Before that was 50. Before that, it was 25. So we've had six in a row: 25, 50, 75, 75, 75, 575 This time around, if you look at the CME watch tool, which is kind of an analysis of the Bond market, most people are betting on 50 bips, so it looks like things are going to be common down a little bit. but just remember, the market is very much slow to react to these decisions.

It's not like they can hit us with an interest rate hike and the next week we find out if it was right or wrong, it could take months. if not, like multiple quarters would be like. all right. Did we do it right? And that's the whole discussion right now.

Like are you overdoing it? Are you not doing it enough? Whether you're a little too late to the party it it takes time for the overall economy to really digest everything that's happening. Uh, especially with reference to monetary policy. So it seems as of now that we're getting a 50 bips, then we'll probably kick off next year I Believe it's early February with the 25 bips and then if I had to guess as of now and this is me throwing out a wild guess before we hear the Fomc commentary particularly. Jerome Powell on Wednesday I think we're going to Coast after that I Think they're not going to increase I Don't think they're going to decrease I think they're going to hold the rate steady and just see how really the dust settles.

That's my call out as of now, but this could all change dramatically as of of 2. 30 on Wednesday I Just want everyone to be aware of that. I'm a licensed Realtor in Louisiana Most of the investors I work with are stacking cash and are looking to buy in Q2q4 2023 Peak Fear still ahead in my opinion and that is a licensed Realtor from Louisiana So before they were talking about how the Southwest is getting hit pretty hard, so you're in the Southeast and it looks like you're kind of saying a similar thing. Um, once again, I've been trying to track it as closely as I can.

I'm not like a licensed realtor or anything like that, but just from the quantitative data like points that I've been looking at. It seems like that's the general theme in the entire Us of we're heading into probably a rough year, but for people who are seeing it coming, you're kind of stacking up and just waiting to get on on more lucrative deals. So just throwing that out there and we'll see how it all does play out. China's stunning reversal on lockdown showed that mass protests can influence policy change in the country, but experts say it still doesn't threaten Ji's regime.

China Right now, until so much back and forth trying to finally relax in zero Rona measures after rare protests rage against us across the country. We covered that about two weeks ago where everyone had like their white piece of paper and like there was just basically a lot of silver unrest across the entire country. Many many major cities had protesters, but experts on China States Unlikely the protests will embolden future political movements. G's grip on Power and social media makes it too difficult for widespread unrest to Bubble Up Now It's this final thing that I wanted to touch on.

This is what happens when the government and your local big Tech like the locality of the country here when they're publicly In Cahoots with each other like China and they're a big Tech right now what Canada is trying to do and all the big Tech players in China or at least when they're served uh, it's a scary thing. uh, because you never know if the government is going to be utilizing it in a moral Manner and I think that's why there's so many people really watching What in the world is going on with Elon and Twitter and his fight with the government I Think there's a lot of onlookers to see how this plays out, especially when Elon apparently has a total of zero to currently give. I mean I don't know if you guys saw it over the weekend and I don't want to misquote them but I think our boy was kind of like officially coming after fauci like it was just something. Hang on, let me find Elon I Don't want to hear here we go I Want to see what he's up to uh I think he I don't want to misquote him Something about my pronouns are right here.

my pronouns are prosecute Fauci which was wild and if you don't know what that's all about uh, right here. I'll probably get Dmca for this, but hey, when in Rome this is for Quality content Um, a lot of people are saying if we look at historically of what Fauci told us, we now have evidence that he completely lied. Um so I don't know if Elon's gonna get murked for this I don't know if it's inappropriate how he is using his very large voice to say something like prosecute him and the whole thing is just. it's so wild.

so many aspects to it. I I can say it Madam Chair We did not fund gain of function research to be conducted in the Wuhan Institute I Guess a little bit of framework on this uh, just so you all know is the concept of was U.S taxpayer dollars used as funding in the virus lab in Wuhan For the longest time we were told no no no no no no no no uh there was never a gain of function and that seemed to be kind of like their legal out of like how are you defining gain a function um and but now even with that like it seemed like they were trying to like be like very uh in Legally sense like very very kind of cute with the words uh but now even apparently that's coming down on them a virology in our health lead we now know that a bat coronavirus was enhanced in a lab NIH An Nia D categorically has not funded gain of Function research category conducted in the Wuhan Institute The National Institutes of Health acknowledged that it funded research of a virus that was studied at the Wuhan Institute of virology. The experiment unexpectedly, we're told, made a bad coronavirus more contagious than the original naturally occurring one. Dr Fauci Knowing that it is a crime to lie to Congress Do you wish to retract your statement of May 11th where you claimed that the NIH never funded Gain of Function research in Wuhan Senator Paul I have never lied before the Congress and I do not retract that statement a new letter raising questions about experiments, his responsibility to humans right? You're saying that's not gay bro.

You do not know what you are talking about quite frankly. I Want to say that officially know what you are talking about providing grant money to the equal Health Alliance Research Group which conducted experiments with that I wonder if uh, it is you, that's where you are getting. Let me finish. We don't know.

Well, wait a minute, but all the evidence is pointing that it came from the lab. You there will be responsibility for those that funded the lab including yourselves. controversial gain of Function research using coronaviruses at a lab in China at the epicenter of the pandemic contradicting claims than Dr Anthony Fauci that American tax dollars never paid for that kind of research I have not lied before Congress I have never lied. Certainly not before.

Congress Case closed. Well, there we are. So apparently there was breaking news and then that led to Elon saying my pronouns are prosecute fauci and that was just one of I Guess just I Don't know what's going on in the world right now, but it seems like we just have a never-ending amount of absolute unfiltered craziness 100 of the time. Whether it's with Elon's doing with Twitter what's happening in China what's happening in Russia Ukraine What's happening in the world of crypto? specifically FTX Is we're all just losing our mind? Yeah, it's just we're all uh I guess like just the fabric of society is like whatever.

We had a good run, we had a good run. A couple other things I Want to get into just before that Bell goes dingy ding ding ding Tech Socks may pull out of their nose eyes, but the sector won't return to its pandemic era highs. Uh, even when the Fed eases rate hikes and that's simply because they're not supporting it. remember Tech Ran So Much The world ran so much all those bubbles were created.

Excuse me because of unlimited quantitative easing. The amount of money that was put into the system was trillions of dollars. so of course everything is running like crazy VCS are Dalling out money like crazy. Money was cheap now.

money is expensive and you can see how the market reacts to that. 2021 in 2022 were vastly different years because the Fed was doing the exact opposite: quantitative easing versus quantitative tightening. And even if you're listening to this and you're like, well, I don't care about that I Want to know about AMC Jimmy Ape Mmat understand that there's a massive influence on every company in the economy when the economy is no longer supportive and it actually switches to restrictive. You cannot think of the average trading day in 2022 the way you did in 2021.

it was far easier for things to run in 2021 because money was vastly cheaper. We were not running into the headwinds of the Federal Reserve and now they are prompting very serious headwinds. So as difficult as it was for random things to like run or squeeze in 2021, however, you want to think of it, understand, it's not impossible now, but it is far more difficult in the current monetary economic fiscal backdrop. Please, please internalize all of that.

It's so, so important. but some of them are being creative and they want to do some other pretty crazy stuff such as: Microsoft buys nearly a four percent stake in London Stock Exchange as part of a 10-year Cloud deal. Uh, so Microsoft Getting in the world of I guess exchanges, trading businesses Uh, so kind of wild stuff there I Want to Circle Back to that Griffin Ken Griffin of Citadel Strike's deal for potential new Citadel New York City Skyscraper agreement gives Griffin options for how to proceed on a building that can house all of his Citadel and Citadel security employees in the New York area. This is really cool because what the article won't tell you is it's for all the content creators that he paid off.

So literally all of us are going to be in there. um I'm gonna be there Me: Kevin's gonna be there Trey's gonna be there. you're gonna have wrench Capital There you're going to have basically anyone who you think I had I heard they were a shill on Twitter I'm here to tell you that you are right. Um, we're We're all bought off and we're all going into the new skyscraper.

Um Bloomberg didn't really get the Insight on this but I'm willing to be breaking the news to all of you. it is going to be one massive content skyscraper. That's what it is. It's gonna be a like the skyscraper is going to be in the shape of a sea for content and all we're gonna do day in and day out is fight retail.

We're gonna do whatever we can on any moment's notice somehow try to hurt retail I Think it can be fun? Great question: We get the basement the corner office dibs on unit 420. hey you guys are all invited if you want to be in the Content House the Citadel Content Skyscraper, you should join all of us. It's going to be a fun time. There's lots of extra basement room.

Um, it. it'll be good. Uh I I Hope to see you all there. It'll be a super super fun time.

And on that note, let's watch that stock market. Bell Go Dignity. Ding ding ding Um, Remember opening bell brought to you by public? Check Public out. You get a free stock valued anywhere from three to three hundred.

You can get up to ten thousand dollars depending on how much you transfer from another brokerage to public when you open up your account. No payment for order flow. No Market makers. This is a brokerage that is set up for you to kind of invest in your favorites and sit back and see how it goes.

Uh, I've been on public now for over excess of a year, I've enjoyed it and I just honestly find The Brokerage the management team to just be a little bit more supportive and truly care about their clients. So I encourage all of you to check it out. It's pinned to the chat, it's in the description of the video. You get a free stock when you do it and let me know your feedback and on top of it.

Obviously there's social media aspects so you can see what I'm buying. Selling holding. You could do that with your friends, your family. You just have to follow their account on public.

Uh I Think it's a kind of a cool thing to do, but beyond that, it's just for me. The thing that really seals the deal is the whole no payment for order flow, no market makers. We attempt to get as many trades on the lit exchange as they possibly can. That's kind of from their blog post.

So uh I really appreciate that. Once again, it seems like they just have a bit more of a backbone and I truly appreciate that. So if that's something that resonates with you, show them a little bit of love. Once again, Public.com you can use my code I think my code's Matt but just follow the link pinned to the top of chat in the description of the video.

Uh, does public have options trading at this moment in time? No, uh, but I can't speak to like I don't know if it's in the pipeline or not I use Public for just my stock basically trading investing I don't uh, do my options there. but I'm trying to say that in an awkward day that I don't believe anyone can I Don't think it currently facilitates options trading. Is there a Gap fill today? No, no Gap film? No. Gap fill.

No Gap fill. We don't quite need any of this. Uh, now. remember seasonally, today's like I would say the Bears have the slight Edge and then tomorrow's actually noteworthy.

Bearish. Uh, let me just switch this. So there's a downside. Gap Though the 381 14 massive support.

uh, in this region, let me make this yellow because that's incredible How I would say important this is just to kind of set things up. Why is my horizontal line not working? This is the region of support between 393 and 391.50 this is support. If this breaks, you might get lucky. you might catch yourself at 390 possible.

But I really at that point personally be lining up 3D 114. Just so you know. uh Greg uh sorry you're saying I missed your message uh I'm gonna listen. Trailer: Okay, is it possible that fauci didn't know or the government hides everything? Nice interview with Mr Wonderful AMC should go up this week Avatar thanks Matt Okay So we'll answer this in Parts I Appreciate this Gregory Is it possible that fauci didn't know? it's possible I Don't think it's likely, but I do think it's possible he didn't know a nice interview with Mr Wonderful I Appreciate that.

Thank you. Um, if you guys haven't seen it already. I Had the opportunity to do a quick, like eight-ish minute interview with Mr Wonderful at the Benzinga Future of Crypto Conference. Uh, so shout out to Benzinga for setting that up and allowing me to interview him if you want to hear my chat with.

Mr Wonderful AKA Kevin O'leary Uh, talking about FTX and kind of the fraud, the lies, the anger. If he hates him or not his recent correspondence with him, check it out. It was posted on Saturday it's on Rumble it's on YouTube Check it out. Um, and what was the other part of this? AMC should go up this week Um I don't know I mean AMC and ape I mean ape hit a new all-time low last week AMC has not been trending well.

Uh, I don't I it sounds like your thesis is because of Avatar So should AMC go up this week? I mean the whole should I mean you never know um I would actually say for the first part of the week I'd be bearish on it, but not because it's AMC It's because I'm bearish on the overall market for the start of this week and it's very difficult for AMC to Buck the trend of the overall Market If the Market's going down, there's a good chance it drags AMC with it, especially if the Russell's going down. the Russell 2000 one of the biggest players ended is AMC Um so I'm looking at the broader market and then you asked Avatar I Know sometimes you run out of character limits so it's like tough to convey. uh, more of your idea or your theory I'm assuming you're saying because of like the excitement for Avatar just remember when you do the math of a movie of like how much it actually benefits it, it's a really small percentage so if you hear that Avatar crushes it, well what you have to do is think about okay let's say Avatar and I know it's going to make more, but just for the ease of math, let's say 1 billion. I Know it's most likely going to be in excess of 2 billion, but I'm just saying for the ease of math.

well what you would do is you take that and then you would look at the market share of AMC which is roughly let's just say uh, like one-third So now you're talking about 330 million dollars and then from there you have to look at the fact that it's not all pure profit. for AMC you have to consider all the expenses, the rights to show the movie you're playing in your employees, all this stuff, and because of that, you're not going to get the 330 million. You actually get a far a far smaller percentage and I know you could basically double that number because I'm talking about 1 billion. Most likely it's going to bring into, but if you look at the millions that that is, it's a drop in the bucket to the overall market cap of AMC and the overall debt situation of AMC.

So I have said this in the past and I'm going to say this again: one movie is not going to have an impact positive or negative. Uh, one movie is not a make or break it situation for a movie theater chain. it's you have to look at a grouping of movies you want back to back to back to back like Blockbusters not just like a Marvel and an avatar. You want to be talking about how like 10 of the hottest movies just came out in the past like two months.

Something like that uh uh Rumble chat is still waiting for Dad to get home with milk. Uh, next time you are with Mr Wonderful can you give him my number and wink for me and tell him I won't tell his wife Thanks I owe you one. Um can we do some Ta on AMD Yes of course. Um so okay A little conversation there about AMC uh but after we see the market open the plan for the day is like you might be wondering.

why do I have Mmtlp up right here? Um and that is for a very very important reason. as you can tell it's not training. it was frozen as of December 8th. We will definitely be getting into this.

So I want to talk about Mmtlp Mmat trch the CEO all that stuff. Uh, because I think it's going to be enlightening and as I alluded to before, especially for the people who are late to class, do I think Finra at a certain degree a certain percentage deserves some of the blame? Yes, I do. But I don't think they exclusively deserve the blame I think the management team and the leadership in Mmat is a grouping of complete scumbags like I think they I don't think it's legally fraud I don't know I'm not a lawyer I don't speak legalese but from a moral perspective the whole Mmat thing like they people I I Just want everyone to know that like is Finra at fault. Well yeah, because of like their regulatory body like they're supposed to stop people in the market from getting so because of that like I think there's somewhat to blame because it doesn't really seem like they fully did their job.

But beyond that, the person like so there was a failure on two parts. the there was one organization Finra who so supposed to stop potential and then something like Mmat's leadership team. Well, it's kind of immoral to like be doing that anyway. So I think there's two distinct parties that deserve blame in this particular play out.

Um, so we're going to be getting into that and this was big news starting on Friday for good reason because it completely halted. Uh uh, we have a lot to get into and then that's going to be the tone of the week. I mean apparently Sam Bakeman Free is going to be on the Twitter space call in like 20 minutes I Want to listen to that? We could talk about Microsoft getting into the world of stocks with the London Stock Exchange Crazy crazy, crazy, crazy Crazy crazy, Um YouTube Chat thanks Susan is their dad I hate Crypto back in the 90s, it almost killed me. Never won it again.

Crypto back in the 90s was crypto a thing in the 90s am I Confused Did I miss something here YouTube Chat steals jokes Rumble chat makes on them weeks ago. Okay, Um, so right now the Spy Just in terms of the overall: Market We are in this region of support, so watch somewhere between 390 150 393, this is your region of support. If it goes below Friday's low of 393.15 that could be bearish. In fact.

can we make this an alert? Uh, how do I make it an alert? do I just add an alert on top of it. Uh ADD alert ADD alert Okay, all right so we put an alert there just to know if we're breaking down below. Friday's low because if we have that, that's kind of like a shoulder head shoulder setup. Uh, that's more of like a weak bounce like kind of losing all that energy.

Uh, if we go Below 393.15 in the intraday I wouldn't be too happy about it and then on the daily if we're cracking below 390 150 personally. I would not be taking that as like a bullish development, but obviously, let the trades come to you. Let's see how this all plays out. Uh, so yes, we'll be talking oh uh, the Highlight Just if you don't have that much time to hang out with me today talking about Mmat uh The Meta Materials Situation I Will say this right now.

feel free to clip it. We can come back to this in a month or two. The way this is all played out: I think it is spelling maybe not the the end as in like I Don't know if it's gonna go to zero and go completely bankrupt, but in terms of the stock I think this will lead to a horrific downfall I Want to be very, very clear I'm saying this today: December 12th Mmat was trading as high as 138. it's at 125.

I think this is going lower and lower and lower. This is my own opinion I Cannot tell you the future but just seeing what's going on. I see no reason for especially any big player to be in Mmat like I Think this will lead to a very bad percentage-wise like relative to percentage movement fault and the downside I Want to be explicitly clear I've been saying this now forever and then after reading everything I did over the weekend on this it this is done. remember what I was talking about I think I even lit didn't I mmtl P didn't I like lay out how I thought about this wait where were my drawings I thought I did the drawings of like oh like I would have been out no it was on Mmat of like how I would have been out at like a dollar sixty and then I could have got back in and I was telling you how I would have personally played it and in reality I was like well no I was out at uh, something like this or maybe it was cosm or something.

was it I think it was cosm that I did the breakdown of how I would have personally traded it but even this one now it looks like it's selling off. We've been talking about Mmat Uh, this I think's going lower. it's ad support I think it's gonna break down like the shareholder base. Whether it was institutional pensions, hedge funds, retail, it doesn't matter.

The holding base is now going to end up probably being horrific. Bag holders like I truly believe this ends horribly for MMA team. Can we short it live? um I guess we could I didn't mentally prepare for that I mean I guess we could I would have to see if my brokerage I'd have to go probably through something like interactive brokers to see if I can locate a short. Uh, but I don't think it ends well I want to I'm throwing that out there.

uh maybe I'm right, maybe I'm wrong. Maybe if you guys in here are long on Mmat and if you're in it I don't want anyone to be magled or I want you to make money in reality I don't care that much because I have no position I'm not long I'm not sure I don't have calls I don't I don't put I have nothing to do with this um, but trying to be an unbiased third party to whether you're being long or short. I Would say that the current situation is clearly favoring the Bears on Mmat. It just seems like it is a like Hellscape wrapped in a pump and dump.

like it's not good. Why would retail be in on this? It's a pump and dump. A lot of retails in on this. They were in on Trch, they were in on Mmat, they were in on Mm Tlb or T.O whatever the it is.

um TLP uh, a lot of retails in this I mean it was trending on Twitter over the weekend, there was a lot of videos made about it. Uh, for whatever reason, um, there. this has garnered quite a bit of the attention of retail. quote-unquote like ape degenerate Traders gamblers uh, thinking that this would be some sort of massive Squeeze Play and I just don't I never really understood their thesis.

uh I guess I'm just always that hesitant about something on the OTC market. I Know Mmat is not on the OTC market, but Mmtlp is I Mean if you've listened to me for any amount of time, especially if you've listened to me like for a while now I mean how many times have I said I think for me personally, it's appropriate to stay away from the OTC market. I think my exact verbage was if you don't like the regulations on normal exchanges such as the New York Stock Exchange the NASDAQ that type of stuff you're not going to like OTC and I think I don't know I think that fell on a lot of deaf ears in this Mmtlp thing it is. I It's wild and this is a good example of why are people messing with the OTC market.

Uh, like there's just no. there's no reason to be messing around on the OTC market. There are people who do it and there's people who do it and make a lot of money. From the world of stats, though, most people doing that kind of day trading penny stocks on the OTC market.

statistically a high high amount of people fail and end off worse than they started. So to me like I I just don't think it's worth it I Don't think it's worth it whatsoever. Um, okay. we're about 15 minutes into the day.

You see that it looks like the Spy bouncing off the low 393s. Let's see if there's a retest there. I Set up the alert to see if we go below 393.15 the low from Friday. That would be an interesting development, but anyway.

Uh, so we're gonna be doing that I Want to get more specifically into the Mmat stuff. Uh, if you haven't already, uh, make sure you drop that like button and make sure you subscribe as well. Can't wait for your page show joke to get clipped and everyone like see we've been telling you also finish up uh your family Christmas card you wanted soon as you sign off I'll send them out I appreciate that Robbie Um, thank you thank you thank you folks. If you haven't already, make sure you hit that like Button just helps out with the algorithm, helps get this promoted to more people on both Rumble and YouTube Um, thank you thank you thank you and don't forget to subscribe! I Know it's annoying to remind you, but if you enjoy this type of stock, crypto, breaking news type of content, uh, hit the Subscribe button.

And also just because you guys are my core audience members, don't hesitate to reach out to me and be like hey man I like these videos I like these shorts I like these live streams I like when you do this in the live stream I'm always looking for like constructive criticism feedback of whatever content you guys enjoy the most. Let me know because obviously I want to make more content that is related to that. Um, I'm just a DM or a MySpace message away. All right, let me get all this ready for us.

Remember statistically, today's leaning bearish and then I would argue that tomorrow and Wednesday are definitely bearish I Need more advice? More relationship advice? Hey, happy to Dole it out happy to dull it out? All right. Ooh Dao Rises To start the week as investors await fed meeting key inflation data, we get the results on Wednesday The meeting starts tomorrow. the Federal Open Market Committee Meeting commences tomorrow, but it doesn't really matter to us until Tuesday Uh, very quickly. I Just want to go over the most recent FTX Drama Uh, this is the story that just keeps happening thus far.

Maybe unfair to prejudge given that we don't have all the facts. What do you think? I I Look I Think there was obviously a great deal of bad behavior here that we would think was bad behavior from our perspective as to how you run a financial institution in the United States but also from a from a general perspective in how you handle any business. But what about the idea that some of these laws that we have here around Securities and all sorts of other things that might otherwise things that that maybe happened would have constituted fraud or Worse here wouldn't there? Well let me let me says, we have an incredibly well developed and rigorous legal system around Securities Markets Securities Issuance Securities Trading all of those things, but its basis is in the common law And you know, outside the United States there is still a fair amount of common law built around fraud and the like. What is our Securities Law system do? It creates processes, requirements, transparency inspection that makes it much easier to detect fraud and prevent fraud.

so you know it's not. I'm not saying that around the world fraudulent activity isn't policed, we just have an incred what I would say is an incredibly rigorous system for deterring it, detecting it, and when it exists but punishing it I think the same. So this was the former SEC guy I believe his name is what was it Jay Clayton I Want to say uh, from what we've seen so far, may be unfair to Bridge Judge given that we don't have all the facts. Um, just kind of like the classic political answer like no one wants to put out like any like hardcore statements they don't Uh.

so we're just kind of awkwardly waiting for it to commence and remember, Justice moves very slowly. This will probably take years to properly adjudicate Um. But even with that new drama, so U.S Prosecutors considered charging Binance. Remember CZ the guy that kind of led to the downfall of the FTX and Executives for possible money laundering uh, sanctions violations according to sources and this was originally posted by Reuters.

Ever since FDX collapse I Had a feeling that Sam's friends that got hurt by this will try to find ways to get back at Binance one way or another. those friends have influence This recent fund is just one of those things. but this new piece from Reuters confirms my hunch. Uh, seems to work.

Uh, Well, so far. Check Coindesk: How to create fun against Binance 101. Take news from 2018, recycle it, and turn it into breaking News in 2022 as revenge for the FTX collapse. If you did not know, Coindesk is owned by Digital Currency Group or the ones behind Grayscale, which is in trouble lately.

On top of this, the Block it turns out, so there were some wild Twitter space calls over the weekend The Block: another crypto news reporting journalist website. It turns out that they had deep investments from FTX and apparently some of the people of the company were like trying to defend FDX because they knew who they were getting their money from and like I Guess one guy like essentially bought off and like he ended up having to leave. wild stuff. But now people are getting to the point of the major reporting websites in Crypto, a lot of eyebrows are raising of can we trust them? Who can we trust? Is this right? Is that right? A lot of insanity going around and then Binance of course responded Reuters has it wrong Again, Now they're attacking our incredible law enforcement team.

A team that were incredibly proud of and they've made Crypto more secure for all of us. Here's the full statement we sent to the reporter and a Blog about the remarkable law enforcement team. So on top of this, I mean there's just there's so so much going on in this. And then it kind of got worse because with Binance, a lot of people are calling BS on their audit.

They're saying your audit isn't a legitimate audit and like they weren't getting, uh, full transparency on liabilities and this made people to think oh, wow wow wow If you're talking such a big game of proof of reserves, telling us your liabilities and really showing how strong you are of a company, why did you go this particular route? So this was all happening over the weekend and a lot of people are saying is Binance just more of a delayed FTX situation obviously I don't have insight to all that I'm just trying to keep. Maybe you guys don't spend as much time in the internet as I do because you might be like living normal freaking lives. So I just want to throw this out there of like the kind of craziness that of FTX and where the story is currently at. Um, so just a quick update there.

Uh I Want to get into all this Mmat stuff? Uh, don't quite need this one, don't? Well yeah. I think this might be useful to bring up. Hold on how's the market doing? Uh, spy. pretty strong bounce there Tesla not a strong bounce Mmat uh down 9.5 I very much believe Mmat gets slaughtered I don't know how to be more clear about that I think it gets slaughtered right now I Think s I Silvergate this player right here I Think this player gets slaughtered Uh, Speaking about how Reuters brought up the story about finance and money laundering I think in a similar vein of thought, Silvergate is going to get absolutely murked right here.

U.S Prosecutors are considering charging Binance Executives with money laundering I Think Silvergate's next. Uh, right here. Silvergate will become the punching bag for every regulator, journalist. and Senator over the next weeks and as that happens, investors will realize Silvergate won't get away with facilitating fraud and money laundering.

SI under 10 by December 31st in my opinion this is from Edwin Dorsey who is I mean literally works for a subset called the Bear Cave so like he's very much a short seller. but this isn't gonna be good. Um, the SI finds alone will wipe it out of existence. Wait, what is this honor December of the chief of Greenberg's Direction used Interstate wires to transfer 200 000 from the account of tax collector's office in Florida Bank and Silvergate for the well I mean I Do not have the Smoking Gun evidence that they were in any way facilitating fraud, but if that evidence is produced to some sort of regulatory legal body, Silvergate could be in series series serious trouble.

And they've helped with the transactions of trillions of dollars if we just look at it. Statistically, if you're doing trillions of dollars and all a regulator would have to do is show that one was illegal, illicit, nefarious. just one out of trillions of dollars I Mean that could bring it to its the ground. So right now I Don't know I I think two of my highest convictions short.

Uh, like I'm not short them so I Can't say I'm doing it myself. but just my short theories are Mmat and S-i I'm very much bearish on these two plays, but once again, no position. I Currently have no position on either SI or Mmat, just kind of covering it. Looking to discuss it with all of you cool cats? Um I Guess we could get into MMA it's 9 55.

I Don't want to get into the Mmat thing? uh, quite yet. actually. Okay, let me ask you this: Do you guys want me? Do you want to talk about Mmat at all? Or do you guys not really care? like I Don't know if like I know it was big on Twitter but I Don't know if my live audience was particularly into Mmat Yes, Talk about Mmat No, Do Not talk about the Mmat story. Yes or no.

Yes or no. Yes or no? LOL Yes Yes I Don't give a F No No Yes nah no no no no Yes LOL Talk about it Yes, Nope. Don't care. No no, no, yes, you guys are like 50 50.

why do you guys do this to me Puff puff Putin Interesting. Okay, well it seems split, but there's a d Okay, so what I'll do is I'll get into it, but I'll just try to make it shorter. Uh, we might have to put a pin in that though because I believe there's a chance of Sam Bakeman Freed doing a live stream like as we speak. Uh, so let me just start a small position coin here.

Gregavins buying in a coin. Um, wait, what is this Mr Wonderful goes to Congress The Committee On Banking Housing and Urban Affairs will meet in Open Session hybrid format that conduct a hearing entitled Crypto Crash. Why the FTX Bubble Burst and the harm to Consumers The witnesses will be Professor Allen Uh Kevin O'leary When the is this happening? additional Witnesses may be added later. What? That's crazy.

Um, does anyone know where this is? why the FTX Bubble Burst Why the FTX bubble burst? Uh Congress Meeting: When is this, uh, 10 a.m tomorrow? Okay or no, two days Senate Okay, yeah, this is the Senate. So at 10 A.M on the 14th, we're totally listening to this one because this is going to be a spicy little meatball. Um, but anyway, the banking. Senate Okay, cool.

The 14th 10 A.m Everyone mark your calendars for that one. All right, and about two-ish minutes. we're gonna see if unusual whales can pull off the interview. What is this Today at 11 A.M Forbes Oh wait, what? Today at 11? A.M ET Forbes Streaming interview with FTX Founder Sam Bakeman Freed What is this one? Uh, does anyone know anything about this team? Many team team Indie Team Team today at 11 A.M Uh so are they just gonna be all over the place? Is today just going to be Sam Bakeman Freed speaking live to everything I Know Nothing Jon Snow Fair What? Charles Gasparino and Pedro Dave Philly It seems like these guys like just love to tweet about each other.

What did he even say? huh? You're literally record laughing about underage girls. Whoa huh? I Literally caught this fraud pumping and dumping BB Wide Ape uh, failing to disclose information per Finra lying about his identity and a lot more. If you listen to him, you'll lose money and worse. I Don't think anyone's listening to him for like anything related to the market.

I think they're listening to him because he's fighting with Gasparino. um Kathy Wood says Bitcoin will hit 1 million by 20 Oh that was uh old. that was an old take that was that was years ago. In terms of news, I was like well what just happened uh oh that her up uh dokwan Terra Luna is apparently hiding in Serbia So any of my Serbia viewers let me know if you've seen him at a grocery store.

Would like to confirm. In all seriousness, if it turns out I believe this guy was the guy Mike from block that before when I was talking about people getting bought off was also uh, bought off involved in Alameda To the black man, that guy owes a lot of apologies out there. I'll say it again in crypto. Often the heroes turn out to be the villains and the villains turn out to be the heroes very well could be.

Um so what's going on? It's almost 10 a.m Does anyone know if unusual whales is hosting this unusual whales? Apparently we're getting a twofer a two for a twofer right here. I have the reminder set. Um if anyone sees this start and like I know sometimes there's a discrepancy between iOS and kind of like web Twitter Uh so let me know if you guys see the start because apparently it's today at 10 A.M which is like literally now if you're watching this in real time, does anyone watch these streams afterwards? Like has anyone in here come back and been like I Want to see what they talked about today because I feel like most are more so like I want to either watch this live or I'm never going to watch this again. Is that right? I will need Ned has to come to Robbie He's a great detective who's a great detective Robbie or Ned you just got the notification are we in started? Good morning Everyone just give us a minute here while we get set up.

Well let's see at least we were here on time. Good morning everybody just getting things set up getting our speakers up here. so just bear with us for a moment and we'll get this thing rolling. Uh, let's get rocking team, let's do this.

Currently SPF is three minutes late still getting our speakers up here while we await to see if he will show up folks. So bear with us while we set up and wait. Well, I'm ready. Foreign received from SBF saying he will be indeed three minutes late.

Just bear with us folks. Oh awkwardly waiting? Awkward. All right. In the meantime, spy pretty solid bounds off of just above Friday's low I Like that.

let's see if it could hold uh Tesla struggling like I said I still think it goes into the 150s before the year is out mmat I think is trash SI I think is trash. uh ape is up I think it's trash but it's up half a cent which happens to be point six percent AMC Unfortunately red Gme slightly green rum green again. Thank you all for coming this morning just getting things set up here. Looks like SPF is on his way.

Hey guys hey uh I think I think we have everyone. Everyone wanted to do a mic check. This is gonna get spiky spicy. Everyone's going to do a quick uh test one two three on the mic.

Test one two three checking in. Yeah Awesome, Uh sweet uh. good morning everyone. Um, so I forgot to make this a recording call? uh uh, but uh, we'll be streaming on Twitch and then we'll put an uploading uh of it on YouTube uh as a recording.

So uh, so we're just gonna start off right off the bat because I think we have uh, most, uh. panelists? Uh, hello everyone I'm unusual whales? Um, before we start the space I Just kind of want to outline a few. Logistics and uh, welcome Everyone! Uh, this is a very serious space for us and we'll try our best to honor the responsibility. Uh, the plan right now is for us unusual whales to ask a few questions with some follow-up.

Uh, while the panelists will just be muted in the beginning, Uh, after Sam answers these questions, we'll open up to the panel uh to ask their questions one at a time. Uh, allowing for as many follow-ups as necessary. Uh, hopefully we'll have a few follow-ups there as well, but we just want to give the panel plus uh, FTX users enough time to ask any questions or comments as they see fit. Let's try not to talk over one another so we can get as much information as possible with that of the of the way.

I'm going to hand over the microphone to Nicholas who will be moderating and introduce the panel quickly and move on to some of our questions. Uh, thanks so much guys! Thanks again everybody for coming! I am Nicholas from the UW team and I Want to thank the panelists today. So first, I'm just going to start off to quickly introduce the panelists that have joined us today. Our panelists are Molly White of Web3 is great! We've also got Caspiansi of the Crypto Critics Podcast Dylan Leclair of 21st, Paradigm Crypto, Kaleo of Ledger Art and Tracy Wang of Coindesk.

Thank you all so much for helping us out today! Let's Dive Right In So with that out of the way, Sam I Just want to start off with the obvious context here. Many believe you're speaking to Media to be perceived as someone who just messed up without intent as well as invokes sympathy in an apology tour. Yet the past of FTX has been filled with Sutter fuge lack of transparency, mismanagement, and not looking out for the best interests of users given this. Fiasco So we thank you for your time.

Sam But just know that our sympathy lies with the users of FTX many of whom are listening here who lost money their life savings because of how FTX and Alameda was run and we want to give them a chance to voice their questions. So with that understood, I'm going to start off with some of those very questions. so if you don't mind Sam The very first question we're going to pop off with here is a simple yes or no question on November 8th you said customer assets were backed one to one in a tweet that's now been this has been asked before. Was this true, Not a good line? I So uh, yes, but um, uh, it was uh, the case that uh, FTX uh that you know the sum of all customer assets um was equal to balances on hand.

Uh, the best of my knowledge. um uh. But the problem is that that includes negative balances for some customers. Um, whenever you have margin trading or Futures positions on an exchange, there are going to be a lot of customers that have less than zero of something.

And so what that means is that while it is the case that you know net customer assets were equal to uh, net, you know assets on the platform. Net net customer bounces or equal to assets held on the platform. Um, gross, customer assets were not like you add up all the positive positions. That was a bigger number than any of the other numbers.

And so while while it is true I I think it frankly probably doesn't really address the well, it doesn't address what actually happened and doesn't address um, what is probably the largest concern with a you know directors or Merchant training platform which is um, customer accounts blowing out, going you know, below zero or being unable to meet Margin Call And uh, thus they're negative uh, balances having to be you know, internalized by uh, by the system or ultimately externalized by users. Um, that is That's what we run into. Thank you Sam So I'm gonna move directly into another yes or no on November 7th you said we'd quote don't invest client assets a tweet that's also been deleted. not even in treasuries.

Was that true? It's it's effectively the same Yes, but um FTX did not invest customer assets. Um, we were looking at ways to invest in treasuries but had not gotten there yet. Um, however. um, uh well well that that is true.

um uh. It is also the case that um I that just because we don't like, there are still clients with margin positions open. That means there are still clients that had positive and negative positions. And and there's a danger when there are negative positions.

Um, if the client can't meet Margin Call on those, then you have a hole in the system. And so while while it was true um, you know that also did not really address uh, the scenario that act actually happened and didn't address frankly probably what is generally the biggest type of worry with you know, leveraged trading platforms. Okay and so another yes or no. if FTX did not invest, did Alameda invest in customer assets, then yes or no he's gonna say I don't know on funds I don't know all of the det