Something about you is different. Some kind of energy is messing with all the chemicals in my brain feel the temperature rising that look in your eyes, paralyzing forever you're. Never leaving my face. You don't have to guess.

I know with all the chemicals in my brain feel the temperature rising now. Look in your eyes. Oh, i know um mum, hey, hey, hope, you're having an absolutely fantastic day, and maybe one of the ways that you can make your day a bit better is not looking at the market. Both equities and crypto are getting rocked, rocked, rocked, rocked.

It is brutal out there before the market goes ding any ding, ding ding. I will be letting you know. What's going on of why we're seeing like it's a bloodbath, it's a full-on bloodbath i'll, be letting you know what is coming on. It was basically because of the cpi report: it's this consumer price index, um, not good, and then on top of it in the world of crypto.

Things are even a little bit more worse because of what's going on with tara's luna and that's a stable coin, and that is currently in the middle of the death spiral. So those are two things that we really really need to get into. So you can better understand what the hell is happening and if you apply it right, ideally you can make some money. Remember you can make money in any current regime of the market, the upside the downside sideways backwards inside out it doesn't matter.

You can make money. You don't just have to buy and hold that's not the only way to make money in this market and, honestly, that's exactly why a couple minutes out. I think five minutes after the inflation report came out this morning. I went short against the market.

It. The inflation came in way too hot, and we talked about this at nauseum ever since last week. All the way. Up until yesterday i was warning everyone.

Consumer price index report comes out at 8 30 a.m et today, so it's been out for about 32 minutes and the inflation unfortunately came in hot the way this impacts everything is when it's hot. That means that the fed has to be more hawkish them being more hawkish allows them to battle inflation, but a side effect of that. A very important side effect of that is that it makes a less accommodative environment for the overall market. That's why you're seeing things get a swift kick to the ball, sack right now, but obviously i will explain it in more detail in just a second now before we get into all of it.

Obviously shout out to today's sponsor right above my head: i'm talking about ftx, i don't know if it's at exactly this moment in time. In fact, i don't, but eventually we're gon na see a beautiful buying opportunity are all cryptos gon na make it out of this environment. Absolutely not, but i so wholeheartedly believe in the core ones, especially the ones in the top 10 top 20 on coin market cap. So i'm still very bullish on things such as bitcoin.

You got to get your account rocking right now, so when that bottoms in you can buy it or do your first investment or if you're already invested, do a dollar cost average block folio is their phone app and then they also have a professional platform, which is More of a web app, they have ftx us for us residents and then there's also an international one, i believe, pin to the top attack chat. I have the phone app, but both of them are in the description of the video folks. I know it's scary. I know things are red and i think this could be applied to both crypto and also equities.

We are coming up on a beautiful dip buying opportunity. I know it seems counter-intuitive, because everyone is just freaking out right now these are the times you want to be a buyer. These are the times you want to be an investor and, like i know it goes against probably every feeling in your body right now, but eventually we will see a bottom and that's where you want to get in. You don't want to be a buyer when everyone's like enthusiastic and things are ripping, because it most likely means that you're overpaying.

It's times like this, and it's really when we're gon na not only see in mainstream financial media but just mainstream media. As soon as everyone's telling you that it's a crash and they're selling and they're pulling your rip cord, what i have seen - and this is like you've - actually seen the quantitative patterns this in the past. Those are the times that it's probably getting close to being over. Do i think that the current selloff we're seeing right now on may 11th? Do i think this? Is it no? I do believe that there's more downside, but eventually we will hit that bottom and you're going to be able to pick up some of your favorite equities and cryptos at a nice discount price.

Keep that in mind, you can invest on these nice lows when other people are panicking and then in the meantime, if you want to be more of an active trader, whether it's for equities and you can use whatever brokerage you want or the pro platform of ftx, You can play stuff both ways, so just want to throw that all out there. Now, let's talk about what's going on, as you can see, the report came out at 8, 30 and ever since then the spy, the queues uh plummeting. We see volatility spiking and we will also be talking about luna, which has come from 120, all the way down to 68 cents. Yes, you have heard that luna, a crypto that is associated with a stable coin: the ust stable coin um, you've heard of stable coins.

Basically, they should be pegged to a dollar. The peg is coming undone actually right. Now we are at 31 cents, it should be at a dollar, so we will be getting into what in the world is going on over there, because it actually is like a really crazy story: 70 cents right now coming off of a hundred and twenty dollars has Lost 99 of its value, absolutely incredible! So not really on the crypto side of things, but why are we seeing such a sell-off in the dow, the s p and the nasdaq? I mean right now in pre-market they're, all down pretty much one percent uh oil hanging out at 102 in yields once again spiking above three percent. What's the dealio right here, the consumer price index came out this morning.

The cpi report, cpi, is basically how expensive have things gotten for you and me as the consumer, and the answer to that is a lot very expensive. So let me run through some of these numbers. The expectation for the year over year was 8.1. It came in at 8.3, as inflation was hot, it was higher than expected, and this comes back to what i've been trying to pitch to you over the past week really of if it comes in hot, look for things to sell off and that's exactly what's going On in the market, came in at 8.3, year-over-year expectation was 8.1 and in reality, the way they actually get.

This number it's most likely still understating how bad inflation is month. Over month the expectation was an increase of 0.2, it was 0.3, so they were off on that and then, if you look at core excluding energy and food, the expectation was 0.4 percent, but it came in at 0.6. So across the board inflation was hot, hot hot. So year over year, let's get into some of the specifics of what you need to know about gasoline year over year, up 43 used cars up 22 new cars up 13 electricity up 11 percent transportation up 8 and then, if you get into the world of core Food such as meat, fish and eggs, that is up 14.

No, it is not you losing your mind, thinking that everything is more expensive, it is more expensive and then, if you were watching yesterday's vod or even the stream, when you pair that, together with the fact that yes, our hourly wages, going up our weekly wages, going Up, yes, they are, but unfortunately they are not going up at the same rate as everything else. It is not a craziness in your mind, it is just becoming more expensive to live. Basically, that's exactly why you're seeing the craziness in pre-market right now hang on. Let's see what this is five things to know before the stock market opens today, wednesday may 11.

futures turn lower after consumer prices remain at four decade highs. A 10-year treasury yield goes back above three percent on strong inflation data, so yields up bonds down crypto down, equities down u.s oil prices advance after two days of sharp supply concern losses uh. So really there are some people that are putting out very solid arguments that for us to get out of the bearish downtrend that we're currently in you kind of need the war in ukraine to stop. And then that could also settle the prices of oil.

Because right now, that is quite a bit of pressure, uh, just petroleum products being so so expensive, that's hurting everyone's top and bottom line coin based slumps after crypto exchange turns in a weak corner uh. We will be talking about this. There are some concerns about what was in their most recent 10-q of. Are your funds safe in coin? Miss we'll be talking about that when we get into the crypto segment of today's stream and finally stable coin, usc meant to be pegged to a dollar plummets below 50 cents.

Uh we're gon na be getting into that because it's all over the news and it could a lot of people are talking about a death spiral and its implications on really the whole crypto sector that it could have some pretty serious ripple effects. U.S stocks, trade mix in vital session as investors await key inflation data. Well, as you know, it came out. Inflation was hotter than expected and we're seeing everything so because the fed is most likely going to be pressured in to be more being more hawkish, which is interesting because just last week we were told hey, we have it under control, don't you worry? We did not make a policy error, we are not behind the curve.

Everything is a-okay when in reality it's obviously not. It is clearly not - and i don't know about you, but i'm getting so incredibly sick and tired of just these people with a pedigree in certain positions within the government and the federal reserve. It's just they know they don't have under control. Just be honest for once.

Instead, they answer everything like a politician where they speak a lot but manage to say absolutely nothing, and then it gets us into situations like this, because the average viewer the average reader is probably like. Oh okay, they said they're fine and they like they take that as gospel. They tape that as truth when, in reality, every step of the way for the past year and a half they've, apparently just been horrifically wrong, and this is even coming into the conversation we had yesterday with president biden when he was talking about inflation. This is just bonkers folks, nothing! No person is ever taking appropriate blame.

I i just don't get it whatsoever all these people, they they're just liars. They are straight up liars and i get it like. A lot of you are like dude they're politicians like like yeah, like i guess it's just more of it's getting to the point where, when you really look into it day over day, we are just absolutely inundated and our media is just it's engulfed by lies. Yesterday.

We were told that it was supply, chain issues and then putin's fall and our government uh. The current regime of our government and also the federal reserve have nothing to do with it and it's under control and what democrats on their side of the aisle what they want to do is lower prices. Lower taxes increase your pay and they'll battle inflation, and then they accuse the right side of wanting to lower your pay, increase your taxes and that's how they want to battle inflation like it's. Just all like they're, all gon na, say the exact same thing.

Time and time again, but the frustrating part of it is the fact that, whether if you're watching this there's a good chance, you have something invested in the market, whether it's equities crypto, both of them. It has real implications on us. It's one thing for those people to be ding-dongs: uh left right in the middle. I don't care they're all - and i explained this in my video yesterday.

I don't trust any of them. I think to aspire to that level like something's already off in their head, but the implications for the average person are real. Look at this. There are people with retirement accounts 401ks.

The people depend on this. People are very much saying hey. That is going to be my way out of the workforce whenever i get to age whatever and then them with their policies and their actions and what they decide to do, the like. They start off.

All of these talks with the same thing. If we get it, real people are impacted. Do they actually get it? They've been collecting their multiple six figure yearly salary for decades now? Do they really get it? I mean i'm saying that facetiously, obviously they don't. Obviously they don't.

Stocks will need a violent plunge of up to six percent in a single day before a bottom is reached and a recovery can begin says: market veteran dennis gartman. Now i don't know if we'll need a five or six percent one. I am looking potentially in an extreme scenario. Excuse me in an extreme scenario, maybe like the spy getting to around 350 we're trading in 396.

Right now, i think, like i said, that's a bit more extreme, really i'm targeting something about halfway between that and where we are right now. Let's just call it roughly 375, something like that. That's when i think things will be at too much a discount to pass up now. Will i use all of my extra capital to invest in what i want for the long term at those moments? No, i won't like basically something like every five every ten percent.

We keep going i'll, be like okay, i'll buy a bit more i'll, buy a bit more. If your goal is to bottom tick, this sell-off you're, not gon na get it. If you do get it you're absurdly lucky and congratulations to you, but basically every decent percentage chunk. I see taken out of the market i'll buy a little bit more, especially in the ones that i want for that long-term investment.

Blackrock is telling investors to cut risk as stocks and bonds. Tumble here are four shifts. The world's largest money maker says they should make to say safe. So you can quickly check this out of like what you want of where they're looking, i think right now.

There are a couple things that will still end up outperforming the rest of the market and one that i've been talking about for quite a while is really just the energy sector. We're not seeing a breather or too much of a breather in oil whatsoever. Uh oil still chilling so just in a generic sense, and i know we have some earnings announcements coming out soon. We've already previously have some for exxon chevron.

I believe oxy occidental petroleum will be coming out. Energy, i think, is the sector right now. That will continue to outperform the rest of the market, especially big tech and then from there. I understand also the argument of financials because, with financials we're still going to see a series of interest rate increase and don't forget, we were told just last week that no way are they considering a 75-bip interest rate increase no way.

Would the federal reserve do that? Well, as long as we keep getting inflation higher and higher it'd be interesting to see within the next couple meetings. If we actually do get a 75 bips interest rate increase, and if we do that once again, that is more hawkish and more hawkish helps us battle. Inflation, but it puts more pressure in the short term in the market. Now remember, this short term is way better than the d-day scenario of them, not figuring out inflation, which could lead to stagflation, because with that, we would see even more of a dramatic sell-off now to get to a little bit more specific stuff, not necessarily the overall Market elon musk says russia has stepped up efforts to jam spacex's starlink in ukraine.

So remember he donated quite a bit. Uh well he's been kind of going back and forth and remember he kind of had that cryptic tweak uh last week a couple days ago about how like, if he just automatic like if he just somehow like turns up dead uh he's really pissing off russia and He's calling him out and like we knew he was trolling them, challenging them to fights and stuff, and now uh they're, trying to link him to like the support directly supporting the ukrainian effort, which he kind of is by giving them starlink uh. So he is literally in a cyber war himself and well obviously, the company with russia, a former facebook moderator in kenya, has accused meta of human trafficking. This is obviously wild.

Uh daniel, a former facebook moderator filed a lawsuit against metta in kenya. The lawsuit accused his media and contractor of human trafficking and union busting said he'd applied for the job, not knowing he would be working at facebook. This is just crazy. I don't know how much validity there is to it.

I don't know if they're gon na find them guilty or not guilty uh, but that's an insane headline, so i just had to share it with all of you. So pay attention to facebook, because not only is tech selling off to a notable degree right now, but facebook, if this becomes anything like that's crazy, human trafficking, human trafficking, that's is just ridiculous. Commercials on streaming services can be unbelievably loud. A new bill wants to fix that uh.

The com act was passed in 2010 and tried to rein in excessively loud commercials. An insider investigation found that, despite rising complaints, the fcc barely enforces it. A new bill wants to extend the combat to apply to streaming services. You know i didn't even know this was a bill, but i'm sure many of you have noticed the same thing i have like whenever you're watching a show and the commercial comes up, the sound is so much more, which is absurd.

I didn't know that it was a law - it's just not being enforced but they're trying to extend it. I just thought that was kind of ridiculous, because i think it's one of those pet peeves that it's kind of like a going joke of like yeah they're. So much louder, no, it's like legitimately a known issue that they're trying to take care of and oh well. They tried to in 2010, but uh it just like wasn't enforced and now uh.

I just didn't even know. People were like actively on it like in terms of trying to take care of it. We got ta talk about the special crypto story, so right now, as you can see, it's a bloodbath in crypto bitcoin trading below 30 000 ethereum at 2200. But the story beyond the fact that there's like massive capitulation in the crypto and the equities market, especially with the hot inflation, is right here: luna going from 120 down to 100 down to 80 and vomiting to sub one dollar, currently trading at 94 cents.

And then this one is intimately related with its sister coin: ust, a stable coin that should be pegged at one dollar but, as you can see in real time, is currently trading at 34 cents and got as low as 26 cents uh. So i will talk about this more when we really get into the crypto session of things, but i just want to give you the tl, dr just so you know what's actually happening here. A controversial, stable coin is breaking the buck. Here's what that means and why it's such a big deal basically right here, should be pegged to a dollar not pegged to a dollar, and this is leading them and their efforts to get it re-pegged to a dollar.

It's really causing a massive death spiral in luna, which is actually adding extra pressure to bitcoin. So here's what you need to know there are many stable coins, typically going to be pegged to a dollar, and this particular one is an algorithmic, stable coin. Here's what that means, the value of an algorithmic stable coin, is set by a computer algorithm. Those digital assets are unlike so-called traditional, stable coins, which are backed by fiat currency and hard assets such as government bonds, gold.

You could also use usd this one, not like that. It's all a computer algorithm, that's going to end up either doing some burning, some minting that type of stuff there's a balancing act in ust, which is the sister coin, to terra's luna. If it drops below one dollar, traders can take them out of circulation by burning them in exchange for one dollar of luna. If usc climbs above a dollar, traders sell luna to convert it into usd pushing its price down.

So it's always a little bit of a balancing act and, as you can see it pretty much always just left it at a dollar like plus or minus a portion of a cent - and this is what's referred to as arbitrage, so it was kind of a game. Theory thing of like okay up a little bit, we'll bring it back down down a little bit, we'll bring it back up and the balancing act was always done with the sister coin of luna. But as you can tell over the past couple days, it has gone completely awry and we're seeing this in some major major ways, but before we get into that, i do want to share just an interesting quote. The problem with an algorithmic stable coin is there's no formula that can currently predict everything.

That's going to happen and, to my knowledge there isn't a very successful artificial intelligence algorithm that self adjusts. So, basically, everything works until it doesn't, and now that we're seeing some massive pressure in the overall equities and really crypto sphere. That's now, what's leading to kind of the major issues where people are losing borderline 100 of their investment, and this isn't just one of those things that we're seeing it play out in its chart by any means. Uh.

If you look at where a lot of this is stored, the anchor protocol a big whale just dumped 285 million, but that's really not the end of it. This is the tvl, the total value locked in anchor protocol, which was by far the number one basically bank for tara without getting into too much detail was chilling recently around 30 billion dollars, because people were taking the 18 apy and they liked it. But now this plummet from 30 billion all the way down to 3.26 tells me that what 90 percent no longer trusts. What's going on they're like i don't even care about the apy, i'm losing too much money, the tvl, the money that was just sitting there to keep the system going, there's a massive massive, massive exodus.

Now, obviously, the people who are running lfg, the luna foundation guard they're, trying to help they deployed 1.5 billion in capital. They loaned out 750 million worth of bitcoin and loaned out 750 million in ust. Now, when they did that we saw a momentary bounce, we saw a momentary bounce, but, as you can tell, it was just that it was a band-aid on a gunshot wound. It was not a good scenario and now we're seeing this terra usd stable coin, plunges 30 to 30 cents, we're actually a little bit higher right now, as traders want of death spiral and investors await a rescue plan.

So the death bio is referring to the fact that luna was going down and then because loon is going down. People are a little bit more upset about the peg and then the peg goes down and then because of that to try to protect the peg you're gon na see the lfg. The luna foundation guard try to sell more bitcoin and then bitcoin goes down. But then bitcoin being the granddaddy of them all causes luna to go down more and, as you can see, it becomes a very, very vicious cycle of selling and selling in a continuation in capitulation.

Now, people have been really trying to call out how this is happening. Like we get it, we there's a sell-off in equities, there's a sell-off in crypto. It makes sense that luna is going to go down a little bit, but really what caused the algorithm to go so wacky that there's massive capitulation in luna and also ust, like we've, been at these levels before so why did it d-peg well? This is the part that gets a little bit more into conspiracy, but as soon as i saw it, i knew i had to share it with you we're talking about citadel. If you know about amc - and you know about gme - you definitely know about citadel well, remember they don't just stop at equities this.

Once again, i need to say this: this is a rumor, but if it ends up being real, this is wild. So citadel recently borrowed a hundred thousand bitcoin, they traded 25 bitcoin for ust, which is the sister coin to luna and opened a short position. They started dumping the extra 75 000 bitcoin aggressively selling that off once bitcoin reached 30 000. They started dumping ust to make it lose its peg.

What we're seeing in the background data is, someone is aggressively attacking usd someone is doing it. This is the conspiracy theory and potentially reality that it could be citadel, but we know someone is aggressively selling it. Hence the death spiral once btc reached 30 000. They started dumping ust to make it lose its peg now do quan who's, running lfg and he's the leader of this is forced to sell 25 000 bitcoin at a major loss to recover the peg.

Remember they had about 1.5 billion dollars worth and reserves 42.5 000 bitcoin and to protect the peg they're selling it. But remember all you're hearing is selling selling selling. That's the death spiral. Now quan is forced to sell 25 000 bitcoin and a major loss to recover the peg further dumping.

The price of btc. Meanwhile citadel is shorting all the way, so they basically saw something that was a little bit of a sus situation. Now, there's pressure in the overall market and citadel came in and allegedly just pushed it off the cliff this part. Once again, this is the rumor part of if they're, actually the true culprit, but we know someone is aggressively attacking it, leading to massive massive sell-offs in luna, ust btc, and it's just a never-ending cycle, and for now i know some people are saying: okay.

Well, it's low like is this the point to buy? I actually don't think this ends in a bounce. I think this ends with this project going completely defunct. That's obviously my own opinion, if you're involved in this in any way, i know that's tough, to understand tough to digest. These are just my opinions.

I might be completely wrong. I just wanted to do my best to explain the current scenario of the crypto sphere, but particularly through the lens of luna and usd. So obviously, let me know your thoughts and a comment below all right now that we're uh done with that. Let's get back over to here all right, we have four minutes, so i wanted to let you know that.

Let me show you this so when the inflation report came out at 8 30, there was a very quick sell-off and then i saw this bounce and as soon as it started to come back down, i made the ape hive mind decision to take a short against The market i got in at 8 36 a.m and, as you can see, i'm a little bit positive right now. I got this short just before that 4 000 level. In the spx i plan on holding this the entire day. I do have potentially depending on where this is off.

I might have a little bit. The margin is just sky high right now they just keep increasing it, increasing it increasing it. So, basically, at this level, i'm i'm break even but the concept here is for me to swing this position for the entire day, just because of maybe i'm right, maybe i'm wrong. Just because i do something doesn't mean that everyone else should do something, but with the inflation coming in hot, i think people are going to say wow.

The fed has to be even more hawkish than they've been, which i think is going to cause more selling off. Maybe i'm right, maybe i'm wrong, but i plan on holding this short position and maybe if we get a decent amount of capitulation, maybe i'll lock in profits. But i'm going to do i'm gon na see what's going on, to really hold this short position for the entire day uh, and this is all because of the cpi report, which came in hotter than expected, which means it was higher than expected, and this all ties Back to basically putting pressure on the entire market, so i got in roughly at this level. Let's just call it 390 750.

If you want to convert it over to the spy uh and that type of stuff, when things happen, and i'm not streaming, that's exactly what locals is for just so. Everyone knows so early this morning, right here, uh about an hour ago right when the report came out, i let everyone know what the numbers would and what the numbers were. Excuse me, and then i just told everyone that i took a full size short position, which basically means i have only a little bit of margin. Leeway in the futures account right now, so just wanted to share that all for you.

There is a free package. There. There's also a 10 a month uh. What else do we have going on? As you can tell my sinuses, my allergies are going absolutely haywire today.

So just stick with me: my brain's a little bit foggy, i'm on too much medicine right now, but hey when opportunity knocks you need to answer when opportunity knocks you need to answer. The casino will be opening very very shortly and let me get a pull-up market today. Let's see what you guys are gon na vote red green. If you're on rumble.

Please just comment red or green ding, ding ding, ding ding. The casino is open if you're on rumble uh just comment red or green, but if you're on youtube, uh just throw it in a poll, and just so you guys know if you are on rumble. I recently was speaking with the rumble team. They are working on getting not only just polls but a lot of other stuff going on for live streams, so rumble hey.

It's new understand that it's not going to be um as just buttoned up and put together as youtube quite yet, but they're actively working on it in the background, but i was on the phone with rumble. Last week we did a zoom call and i was pitching a lot of concepts to them. Um. Obviously we need moderators.

We need ping comments, we need polls, i was pitching them. This whole concept of like loyalty points, and you get points for every minute that you watch a stream um and they were super super receptive to it and obviously it takes a bit of time to um get these things to come to fruition. Just because there's like back end software work that has to be going on, but i just want you to know if you are currently watching on rumble uh. This is nowhere close to what the final form of like their live streaming.

Ecosystem is gon na. Look like ooh you, a lot of you are voting red already, a lot of you wow. So we have luna over here. It's just very interesting to watch.

There's gon na be a high amount of volatility, we're seeing a little bit of a pop in the spy in the queues you already know where i'm at on the day, the fact that it came in i hot i'm red on the day. I am red on the day varu i saw that viru popped up and i know that they have earnings tomorrow, but i still think varu is trash earning. I believe the earnings are tomorrow. Please someone correct me if i'm wrong, unless they already came out and that's why it's up uh, but i mean virus looking weak.

I still have my short position. The only thing i don't like about the short right now is obviously it just seemed like it needed a bit more time, but i still confidently believe varu is coming down. Are you going to average down on viru? Probably not because, like my expiration is in nine days on may 20th, if i do anything it will most likely be buying the june puts so i wouldn't average down on the current position. I would just buy more puts, but i'd give myself more time, but i'm still, i still very strongly believe veru is coming down.

Matt didn't you buy coinbase in at the 300s? Yes, i did. I bought it the day of the ipo and ended up selling it. Like in the 200s, which i'm happy i got out because this thing is looking brutal, i will be talking about coinbase, they have their earnings and, as you could tell really really bad, they just hit a new all-time low. I got out of coinbase, i got in like in the high 300s and i got out in the high 200, so i lost about 25 on that, and i've been out of coinbase for quite a while um coinbase, just capitulating selling selling selling they did have their Earnings they missed.

That's why you're seeing the gap down uh right now, it's fighting a little bit to the upside. I do have some stories i want to share with you about coinbase in just a little bit about like some concerns that people notice in their most recent 10-q filing uh, all right. We're going to wait a couple minutes to check what is going on with really the options market, but i'm assuming it's going to be very, very bearish today. I think big money is going to look at that inflation report and just say that the fed's going to screw us all um baba had their report.

How's baba, doing baba up two percent. I right now. I think there's too much of a risk really in well. There's a lot of risk in the entire market, but on top of that i think, there's a quite a bit of risk being involved with chinese stocks, just because i don't know which way the whole auditing thing is going to go and if they decide to not Follow the auditing practices set by the sec in the u.s, they could get de-listed.

So it's a particular group that i'm staying away from people have been transferring their crypto out of coinbase, yeah and potentially for very, very good reason, and i will be covering that in a bit but uh. I do have a little mini story for you of why it might not be the safest to have any of your crypto in coinbase all right, we're seeing some selling team are any of you short coinbase right now. Could you let me know in a chat man, my nose cabbage smacker, that's what twitter would have you have, you believe. Has anyone noticed how um i don't know how intertwined many of my viewers right now are the rest with like the rest of this community but uh for quite a bit there.

I mean i've been streaming since december of 2020 and then with the amc gme community. No one really cared well, it's more on the amc side. I would argue. No one really cared that i had like super chats and did all that stuff and then, when the stock didn't do so well, there was an ex pretty much an expected reaction of like.

Why would he take super chats and then i started selling super chat, matte shirts and you guys, like as a troll, bought up way too many, and then we ended up donating the 20 grand to st jude. Just because i was like i did it as a troll thing, and i really didn't want that money um. But it's funny because some of the outspoken people who were against super chats who were against selling merch, who were against discords and they have those videos still up of basically talking me. Most of them now are selling merch, accepting super chats and have their discord and the ones who don't, i would say, give it about one to three months, and i bet they all.

Do it's uh, honestly hypocrisy at its finest, and usually i i guess would stay away from like this kind of drama and that type of stuff, but i don't know i guess, i'm just in a pissy mood today, dustin prince, it's been a while, since i've been Here shout out man, i appreciate you coming back. What do you suggest besides coinbase uh ftx, the thing above my head? Ftx you? They have a phone app. They have a pro trading platform, more of like a web app uh pinned at the top of chat. It's in the description uh, so if you want to actively trade crypto like, maybe you want to go a little long, maybe you want to go a little short, maybe more of just active training with very very cheap transaction fees, especially compared to their competitors.

That's their pro platform and then, if you're, more of like oh, i just want to buy on the dip and kind of like see. What's going on in crypto, that's more of their app. I have my account on both. You can use the same login for both there, hey matt, i have most of my crypto in coinbase and was wondering if there's a way to get out besides selling and rebuying.

Thank you for the time oh yeah slick's, vlogging uh. You would just transfer it to a different wallet. You would just send it to um. Like your own remote wallet, you could use metamask trust wallet like the list goes on and on and on you could use a hardware wallet, usually mine's right by me.

Um you you don't have to like, sell and re-buy. You can just send it to a wallet, but when you're doing that, double check that you're sending it to the right address, make sure you're sending it to you, because if you send it to a different wallet and like you accidentally have a typo or something like. There's nothing that can be done about that, so uh just make sure you're sending it to you, your actual wallet, so whatever you think's going to happen with coinbase well, coinbase is naturally because remember most of their revenue is going to be coming from transaction fees and When crypto is higher, that's positive for twofold, as things are, ripping people get more excited, so they're buying and selling more they're trading more and on top of it when it goes higher, the transaction fees are also higher. So when things are coming down, it's a double whammy: less people are trading and also the transaction fees are less.

So it's a double whammy against them. Coinbase if it can survive to the point that we bottom out and start to bounce which we will bounce uh. I think there's a there's a folks like i i i don't like fear mongering and well. I don't like when people like to interpret what i say as fear mongering, but i think at a certain point.

We have to be realistic about the current situation. We've been in a decade-long bull market, we've just ripped and ripped and ripped, and yes, then we were hit with the pandemic and then from there the fed decided to engage in one of the most like absurd, unlimited quantitative easing policies ever which kept everything ripping higher And higher and higher that's why things went up is because the fed was backstopping everything well, do you know what the difference is from the start of this year to what we saw last year is that the fed's not supporting the market anymore, they're, doing the opposite? They're they're normalizing their balance sheet, they're, not adding to their balance sheet. So with that, that's just a lot of headwinds that we're running into this is not done. I mean i've been telling you.

I don't think that the may low is in yet, and i think we just made a new melo like a couple minutes ago, but in reality i think things are going to be like kind of sus, most likely up until, like politics really gets underway, because i Think right now they have the free reign to do what they need to to try to get inflation under control, and i think that's going to be their main thing watching and then, when we get into the next political cycle, because remember is it: it is an Election year here in the u.s, i think there's going to be political power on the fed to ease things up and start cutting back on interest rates, but that most likely won't happen until about september. We're in may right now june july august. I think we're in for a rough summer, it's rough if you're on the wrong side of it, but also understand, especially as a retail trader, not really an investor, but a retail trader. This volatility, that's where you make money.

This is something that's not commonly discussed, but when you hear these stories about retail traders turning 10 000 into a million, they happen in environments like this. It is an elevator down stairs up scenario. When things sell off, it is brutal. Massive volatility: take a look at upst.

Take a look at coinbase. Take a look at netflix, that's serious money! You need those movements to make serious money off of a relative, smaller amount of money, obviously because you're just looking for those bigger percentage gains when there's a bull market, everything is just kind of like just slowly, but surely going up it's these environments that you see That massive volatility, where you can turn on a relative basis, a small amount into a large amount. So i would argue that you should welcome this. Obviously, i don't think anyone should be scared.

I think you should know the current regime we're in and be like. Okay, what's the fed doing what's the overall market doing how's inflation? Looking you got to be on the ball, but this is the time for you to make money. So if anything um, i wouldn't be scared of this. You should be welcoming it and hopefully, you've been honing your skills, especially if it's amc and jimi and the eight movement that brought you into the market uh.

Hopefully over the past year and a half you've been honing your skill set, so you can properly capitalize on. What's happening in the market as we speak in real time, and really i mean this is a double whammy, because if you can actively trade, you're gon na make quite a bit more in your portfolio on the downside and then when things start to bottom. Well, that's when you're making your keystone long-term investments, i mean for me between crypto and equities. I just have my beautiful shopping list of what i want to pick up when things are really really brutal, i'll be picking up, bitcoin and ethereum for sure the lower and lower they go like i'm welcoming it, because i just want to just dollar cost average and Then, in the world of equities i'll be picking up my favorites uh, the lower apple tesla, microsoft, nvidia corsair, there's just certain key investments that if they go low, i'm just shopping.

I want to shop on discount because i want to hold them for decades and if i could get them at a nice cheap price. Why would i not do that? Watch 2000 mules on bit shoot. I have not had the opportunity to watch 2000 mules, but i know it's like right now, especially with the rumble audience it's pretty popular uh has anyone watched it uh and if you have like, i want to know your opinions on it, because some people i they're, Like hey, this is eye opening it's crazy and then other people are saying it's like already completely debunked matt. Whenever someone says you didn't sell your amc always use it as a opportunity to promote public.

We love you and we wouldn't be here. Uh take some claritin. You sound like a snuffalopogus, uh yeah. I think i have a sinus infection or i don't know just bad allergies or some who knows we'll get through it, we'll get through it together as a team, so informative 2000 mules was jaw-dropping.

The fraud is astounding, not debunked. Okay, like i said like i haven't, watched it, so i can't give like a fair uh breakdown of it, but i'll try to uh watch it this weekend. You can watch it on rumble right all right. Mark it popping a little bit how's my position, uh, i'm negative for now for now for now, for now, as you can see, we bounce right off of this support.

This was a misprint in minute. Three, this didn't actually happen. Uh, just this like weird wick, didn't actually occur all right. So here's, where we're at on the day we basically bounced off of where did we bounce this morning we went as low as 3, 95 22 and the low yesterday was 394.82, so just off by 40 cents.

Right now, some buyers are stepping in and in reality, yeah there is that scenario like i was trying to better articulate yesterday of hey, okay, there's a lot of people, betting against the market. So if enough polls come in, there could be a momentary, bull market pop or a bear market squeeze. But for me i have enough of a leeway that i'm just holding this. I think right now, after that cpi report uh - maybe it happens today - maybe it's tomorrow.

Maybe it's the next day whatever it is. I think that we are going lower than 394.82, so i will be doing my best to hold that position. So as long as the squeeze isn't absurd, where i get margin called i'll just be holding and holding and holding that going against the market - and i got in roughly we'll say, like i don't know - give or take roughly right there, 397 397.50 is lobster a good Wallet to move crypto to from coinbase i've never used lobster. I use truss wallet and metamask, but also like i believe, coinbase does have its own wallet.

I know ftx does i. I know some of these offer still their own wallet services, where it's not sitting on your exchange. Matt core is your locals post any more info on your spy, put play, thoughts, uh so remember, mine isn't through puts. I wanted even more leverage, so i played it through the futures market.

If i were to do a put play right now on the spy i would target. What would i target for those of you looking to get involved in this with the options market? Wow? Look at this spy two days two days. It depends, i would say it depends if you want to go short term or long term uh. If you are looking for something on the shorter side, i would say: spy puts 400 for may 20th.

I like that. So pretty much at the money puts you're giving yourself a week and a half. If you want to swing it a bit more and you're talking about the june monthlies, i would then target like 385. 390 is probably the strike.

I would pick up for that. But remember i don't have that myself, i'm just playing it directly through the futures market. Wait is this poll still up sorry end poll 77 percent of you said red on the day. Wow wait james and molly wait.

What was your question? I saw that yours got deleted james and molly. What was your question about amc? Am i red or green, on amc i am horrifically red on amc uh like we're talking to the tune of my involvement in amc from, let's just say, the start of 2021. Until now, i'm probably in the red 500 600 000 on amc like it's, not just like a little red which is so funny because when people are like, oh, like i bet you sold, you got out. It's like man like it's, even more painful, because it's arguably like my biggest red position ever it's horrific.

It's me at 27. It's money, i've never even like imagined and it all just came like quickly from the fact that, like i started with a small account and then i made some good call plays on amc. So then i ballooned that and then i was able to invest quite a bit in amc and then obviously money just from like youtube and being a content creator, so that i poured more and more into it. It's like i'm in it and i obviously pray it comes back, but even outside of the world of like streaming, and all that.

It's just one of these things that when people are like, oh um, like i bet you're, not in it like man, i am down so much. I am down like multiple houses on it and it's just so insane that these dip shits on reddit and twitter are like. I don't know about that. It's like dude, like what the but like i.

I guess. I also just don't care because, like i know my position like i know what i'm in, i know what i've done for the community um it's as simple, as that like i am very, very proud of what not only myself, but what my direct team and what All of you who support me day over day have been able to do because i think our little sub niche of this community is a great representation of retail traders. I think there are some people who are just straight up inappropriate and mean and they're a bad representation than us. I think there are some people who are too conspiratorial uh and that's a bad representation, because a lot of their arguments are like quickly broken down um.

I am beyond proud of like what our the moon gang community has done, because i think we are one of the best representations of retail traders of retail investors and the fight for market transparency and fairness. And i honestly don't think that there are many other communities within this overall community that, like could even compete with us uh. I see how you folks interact with other people and i'm i'm just very, very proud to be associated with like the moon gang in really any capacity uh. Just because i see some of the other going on is biden speaking today.

I don't believe so. He might be he spoke yesterday was the main thing man we're seeing a bit of a pop here. This is painful. I wonder how long this is gon na last.

This is one of those brutal brutal brutal bear market whipsaw rally things there's a very real chance. This goes up to 406., there's a very real chance past that, if it doesn't, if 406 doesn't reject it very real shot of like 4 11 ish, but, like i said i kind, i really want to swing my current short position. I want to see if i can hold it for a couple days. Did you say traders make money on markets like this traders, as in day traders and swing traders, and not as long-term investors? Can you explain uh well what you said is pretty much right: uh as a long-term investor, you're doing that you're buying things, ideally when they're low and you hold and you hold and you hold, but the fact that since the start of this calendar year, we've just Been seeing selling in the broader markets, equities and crypto uh as a long-term investor, it's not been a fun time, but for active traders, whether you're a day trader or swing trader.

It's this type of volatility, where you can make serious serious money any chance. I could leave the varu chart up. Yeah, like i said, i feel absurdly confident varus coming down seems like a scam to me. Two thousand mules cherry picks phone data and tries to make correlation equals causation.

I drove by a ballot box five times a week doesn't mean i was a ballot harvesting, interesting, okay, that'll, probably like click more with me when i actually watch it. It correlation and causation interesting yeah, like i said i haven't seen it, but it's kind of interesting that i think as people become. Maybe it's just me, maybe i'm too cynical, maybe being locked up in because of the pandemic. In my like apartment made me just really have an issue with government lunapop well a little bit of a pop, but if you zoom out far enough, it is minuscule, i think luna's done uh what was inflation as per cpi.

Today it came in at 8.3 percent when the expectation was 8.1 percent. They claim that the localized, the data and people visited 10 plus dropbox is not one. Random dropbox travis still meant that varu got approval to submit euc and whenever the special fda approval process is. That's cool, i'm still against varuru dude.

They have a video of the ballot drops yeah. I feel like i'm still kind of being left out here of whatever this is feels like the whole. There's a whole nother conversation going on of people who have seen this doc and other people i'll have to watch i'll, do my best to watch it this weekend. Folks, this is my last week streaming with this particular background, so i hope you enjoy it.

While it's here, but your boys moving out this weekend to go to another longer stay airbnb until i can finally get my apartment in miami, so enjoy it hopefully the next place it should be cool. Though i saw some pictures and i have an idea of how i want to get it all set up and whatnot - i think it'll be pretty cool, bye, bye, couch yeah. This will be the last week that you guys get to hang out with couch, enjoy it while you can. Can we finally know if it's a sectional or not? I think it is.

I never tried it was just kind of here. It was just kind of here. The whole time there are no allergies in florida. I hope so i hope so i'll be most likely just because the market is so insane in miami i'll most likely be spending the duration of the summer in pennsylvania and then as soon as there's an apartment that will work for what i needed to in miami I'll be going down there, uh danny uh, hey matt.

Can i book 30 minutes with you for a stock option question? Can you email me what your fee would be or how we can communicate? You know danny. That's a great question. I don't do really any teachings. Like that, but what i would be willing to do is uh like i would be willing to do it for free and we'll just do it to the audience, because, obviously we could get all of your questions and then we could get other people's questions and we Could kind of do it as like a training tutorial, so uh no need for payment, but let's just kind of get all people's core questions on options, trading and we'll do kind of like an ama qa thing and we'll make it free for everyone.

I mean, i think, there's too much of in this world of like i don't know, information out there, that you can find with a google search, and maybe people just don't know what to search and then other people charge a lot of money for it when, in Reality, i don't know i'll, take my youtube ad money. This is why i more so like. Okay, whenever you do content creation, there's two ways: you can really go about it, and this is why it's so important when any of you guys, like support, really the people. I'm sponsored by because that's what makes it where i don't have to do like like some expensive, like training class in the back end, that's the trade-off.

It's like okay! Well, obviously, i have employees to pay. I have taxes. I have bills just the same as you. So what i've seen especially in the world of finance, is it's one of two things.

You do no sponsorships, no ad revenue and you charge for a course or on the flip side of it.