Stocks & Crypto: It's A Bloodbath
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Dumb Money w/ Matt Kohrs
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
All right, let's give that a whirl. Let's give this a whirl. Am i alive? Am i alive in my life, in my life, in my life, in my life, testing, testing testing testing testing testing, one two three from the nasa space center here, with a really fun hat on this friday may 20th, it's about 65 degrees, a little a few clouds In the sky, but mostly suddenly, some birds in the air singing their morning tune. I think we're good.
I don't really know i'm just trying some things. I've had a crazy 24 hours. Folks i got bit by a dog. Can you believe that a dog bit me and not just like up dog um of uh, i got bit by a great dane.
I was nervous about it, so i put makeup on it this morning, but this whole area is actually like super red. I put a bunch of makeup on it because, like i thought for some reason you guys would judge me. Why would i care, if you guys, judge me for getting bit by a dog? I've learned, do not try to surprise a great dane. I've had bad ideas like publicly, like you guys, have witnessed many many of my bad ideas.
This was one of my worst ideas, great danes, for those of you who don't know are of great size, and this particular one was an anxious, little fella, who did not appreciate my surprise and it like it actually really hurts um. So it was my fault all these people they try to blame like the animals. It's like. No, i was a.
It was all it was me. It was me dog, cakey and people are like. Oh, it was just called no, it was like it's literal mouth like it. It was crazy because it like instinctually right away, went from my throat, and i was like isn't that how dogs fight other dogs so like they fight? Do they go for their throat? Uh, crazy stuff, it should be live on rumble.
It's live on, rumble, yeah, we're live on rumble, we are live on the old youtube, hey everyone uh! Before we get rocking today, it's a fun friday, we're gon na listen to some music, we're gon na party. Hopefully we're gon na make some money um. I really we didn't hit that level to donate money to saint jude yesterday. So i would love to do something like that again today, hoping that that value can actually get hit um, so we'll set up a number.
I don't know i kind of want to make it that 385, because 385 is still so incredibly important. So once again before we even go today, if the s p 500 hits 385. Today i will be donating 500 of my earnings. I need those earnings to be able to donate so out of those earnings at 3.85.
That's the june donation and uh. If you guys, is there no rumble on friday? No, there is, it's live, i'm watching it dallas jackman's in there and 128 other people found it rumble is broken. No, i mean it should be there. I'm watching myself with my cool little hat um.
So i quickly want to get into some stories and then many many people blew me up with a ken griffin video. So i do want to respond to said ken griffin, video. I have not seen it yet, so i want to do a live reaction to that before the market opens uh. There are a couple important things that we should cover uh and a crazy story coming out of nasa. So i kind of want to go over all that and then we're going to have a good day, we're going to party we're going to make some money and it's kind of good vibes. Only that's the overall plan for the day. Today's stream is sponsored by freaking me sign up for locals. It's pinned to the top of chat.
It's in the description of the video, if you're on rumble, there's already a locals button, there's a free option, a ten dollars a month option and a hundred dollars a year option. You could do the free one ten dollars a month hundred dollars a year. It's where i post my trades, my reasoning, it's where you can post your trades, your reasoning um it's kind of like our private community, of where we're sharing our memes, our favorite ideas, whatever you want to share check it out, it's really fun. I think there's about 500 people in there right now: um posting their trades and whatnot in terms of like the higher level membership and then there's a couple thousand people in there who are kind of just more of like lurkers taking in the information.
But it's really really fun so check it out and if you want to be a part of like the premium community and it's just something you cannot financially swing, i don't really care reach out to me i'll just get you that free membership um, i would much Prefer that there's more people in there having a good time than worrying about it being a financial burden. I am only one dm away so with all that out of the way, let's switch it up to over here and see what in the world is going on. So yesterday, u.s stocks closed mixed in a volatile session, but the s p 500 avoid stepping into the bear market. So remember: bear market is 20 off of the high.
So right where we are now, let me switch it over to the daily. Our high came around 480 and we were very, very close. 19. A bear market is 20, so we were hanging on by the skinny skinned skin of our teeth.
Right now in pre-market trading. It's actually up. There was a pretty solid overnight session, which i actually think is better expressed by the futures market right here, so something going on in asia, something going on in europe. We were just kind of grinding grinding grinding grinding, but, as you can tell, i'm really watching this wedge structure, here's the name of the game, i think today in the overall market.
It comes down to this level right here, 3925.. If we test it bounce off of it push 39 3945, i think we could actually see like a mini rip like a mini short squeeze, but if it tests it and break down. I think then we're talking about 3 85. So for me, especially when it comes to the overall market, the s p 500.
It all comes down to obviously this level right here, 3925, but yesterday and then also a couple days ago. We were at one point: actually, the s p 500 was briefly in a bear market, but it quickly popped out of it. So obviously things people are a little bit cautious. I do want to remind you, though, with a friday trend. What we have seen recently is actually friday afternoons, because it is an options expiry day where a lot of equities are expiring and also today's oil day. So that's that also obviously very important. Um, there's probably going to be quite a bit of volatility in the later half of the day and what we've seen historically over the past couple fridays is actually a little bit of a bullish push in the close on fridays. So i just want to remind everyone of that so thus far this morning, the dow, the s p and the nasdaq are all in the green oil coming very quickly back up to 112..
I am telling you this. I don't know how many times i'm gon na have to like hammer this one home. I think, as we push back up to 115, that's gon na give it's gon na, be the run away. We tested, we came back down higher lows.
We tested again we're forming a cup and handle off of higher lows. This is a very, very bullish pattern. I think, as soon as we see oil really making its way back up, i think this is going to test and just break and rip. I cannot drive this home uh.
It looks exciting. Okay. I appreciate that uh chaos for taking care of that looks like we had a spammer in chat uh, so oil pay attention to your oil plays, which actually relates to where some big big players are putting their money right now. But before we get into that, economist stephen roach says that the us is headed for stagflation.
That's not good! That's when you have inflation and your unemployment is like your growth. Your economic growth is not good um and warns markets aren't counting for massive fed tightening. Well, i think, he's kind of right, i think, he's kind of ryan. It depends on what you define as massive fed tightening right now, we're all pretty much accepting that it's going to be a 50 bips increase, and then some people are like.
Okay, are they going to get tempted into doing a 75 bips increase it? It's really getting into the minutia of what's massive tightening the demand side has gotten really far away from the fed and the fed has a massive amount of tightening to do. The markets are not even close to discounting the full extent of what's going to be required to bring the demand side under control. Now remember, the fed, through monetary policy raising and lowering interest rates, can impact demand, but not supply and that's something that they they and i really mean jerome powell commonly reminds us of of like hey the supply is screwed right now, because of what's going on. Not only from the pandemic, but also in europe, with russia's invasion of ukraine, but demand side when you're, raising or lowering interest rates that is exclusively impacting demand and they're, saying hey. We can do that. We can try to lower demand by increasing interest rates, making capital more expensive, but we don't have control of supply. That underscores the deep hole that j-pal is in the money printer himself, even if he does 50 basis points at the next five fomc meetings in 2022. The fed funds rate ends the year at 3.25.
Again, that's still nearly two points below when i think the inflation rate will be. Do i personally think that we're going to get 550 basis points? No, i think it would be better. I think it would more appropriately battle inflation, but remember we're in an election cycle, and i don't think that the current incumbent will allow him to do this in a row, because that would really hit the market down and just historically. There is a pattern where the better the market is the more likely the incumbent will get re-elected.
So, basically, if the democrats want to continue to run the show they're going to put pressure on jerome powell to stop what he's doing and to probably lower interest rates, so the market gets a bit of a pop. Just because that's a strong pattern, we see if people have more money, it's common for them to re-elect who's. Currently, in office 50 basis points doesn't cut it and by ruling out something larger than that, he just sends a signal that his hands are tied and i think that markets are uncomfortable with that conclusion. So a good argument and really for us to make money.
It comes to the question of: is it priced in yes or no, i think, what's priced in right now is pretty much what's going on 50 bases, i don't think they're pricing in the next one being 25 or 75. I think everyone - and it's just because it's being drilled into our head from basically every fomc member - that's going to be 50 basis points. We already know the quantitative tightening schedule in terms of fixing the balance sheet, the balance sheet normalization. I think that's what's going on.
I then think if all the sudden, the inflation is getting worse and worse and worse and then there's pressure on the fed to do a 75 basis point if that starts to happen. If you're hearing a little bit of that chatter, look for equities and crypto to go to the downside, basically the more hawkish they have to be the lower our markets will go, and this is all just kind of a counteraction to how we need to battle inflation. Billionaire investors, stanley druckenmiller, whenever you have like a name that seems to be like two and a half names all put together. You kind of know that you're rich druckenmiller reveals new bit against the s p 500 and piled into energy stocks last quarter.
I feel like he's copying me like, isn't this exactly what i've been doing getting bets against the s p 500 and saying the relative alpha play? Is energy sucks? I feel like stanley here, billionaire stanley, i think he's just you know stan. Are you in chat right now, i feel, like stan, has just taken my my come on. Stan billionaire investor stanley druckenmiller placed a bet against the s p, 500 and loaded up energy stocks. Last quarter he bought 2 000. Almost 400 put contracts against the nsmp 500. druckenmiller also snapped up a bunch of energy and commodity stocks last quarter, including chevron, and then many other uh. The list is right here, but on top of it we're even seeing warren buffett of berkshire hathaway he's also in chevron and he's been buying a lot of occidental petroleum. So this is kind of really what people are seeing.
It's things in terms of most equities and cryptos are currently in the short term, bearish long term, it's very silly to battle against the bulls in the long term, the bulls win the day the bulls are on parade, but that's not always true. For certain periods of time - and we aren't in one of those periods of time - if you don't believe me, just look at the overall market from the start of the year until now january 4th until this moment, all we've done is make lower highs. Lower lows. That is the definition of a downtrend.
Do not fight the trend. You make money by training with the trend. We are clearly in a downtrend on may 12th. We were briefly in the bear market.
Like i said i don't think, we've actually seen. We've definitely not seen the yearly low. In my humble opinion, i'm not a financial advisor. Maybe i'm right, maybe i'm wrong, but it looks like these people who probably have more pedigrees than i do are betting on the exact same thing, energy on a relative basis outperforming all the rest of the things right now, looking a little bit hairy now.
This has literally nothing to do with the market whatsoever, but i need to share it with you. Nasa's, voyager 1 is sending mysterious data from beyond our solar system. Scientists are unsure what it means. This feels like the start of a movie where it's the end of our planet.
Nasa's, voyager 1, is continuing its journey beyond our solar system, 45 years after it was launched. But now the veteran spacecraft is sending back strange data puzzling engineers, the readouts from voyager 1. Don't seem to match the spacecraft's movements and orientation. The craft is confused about its location in space.
Basically, the craft is just waking up from a hangover. It's like dude. Where am i a mystery like this is sort of par for the course at this stage of the voyager mission, as in we're literally exploring a place that has never been explored ever so we're expecting weird to happen. The spacecrafts are both almost 45 years old, which is far beyond what the mission planners anticipated now.
It is apparently working well sending randomly generated data that does not reflect what's actually happening on board until the nature of the issue is better understood. The team cannot anticipate whether this might affect how long the spacecraft can collect and transmit science data so right now, they're getting funky things from a place that we have never ever explored before. But the internal diagnostic readings of the spacecraft are a-okay. There's nothing wrong with the spacecraft where in the world is this data coming from so just in case your life wasn't hectic enough and you didn't have that many like existential like questions, here's something that i just wanted to share with. You excuse me, so you can ponder it over the weekend. Here's another thing. I want to talk about right here, so apparently ken griffin, billionaire owner of citadel securities and also citadel the hedge fund, so market maker hedge fund player um, not the most like guy in the world of the apes. Well, apparently, he was speaking with bloomberg in an interview yesterday may 19th, and so many people told me i need to react to this like like so so many we're blowing this up and they're like dude.
What is your take on our boy kenny here and what he said apparently about retail traders? Now i have yet to seen it. So i want to do a live reaction with all of you, because i think it's going to get a little bit spicy and then the the regulatory agenda for this year. You know they dumped 700 pages of new regulations into the market, as my holiday present. For all of us in this room we got that present.
Did you read it all? I have not read all of it. I have other things to do with my life, but i've read a lot of executive summaries that make me want to cry just saying: yeah regulations, as i'm literally the world's largest market maker. I i have better things to do with my life. I don't care about those new regulations and it's a it's a lot of regulation with with reasoning behind it that i don't understand.
Like you often see regulations you go, i understand what they're trying to get at and and for much of this i don't understand what wrong they're trying to write or what information asymmetry they're trying to address, and so that's very worrisome to me because, honestly, if i Was a multi-billionaire, i wouldn't see any problems in the system either i'd be like. No, i think it's working perfectly like what are we trying to fix here? I'm rich, i'm a rich old white dude with like some of the most expensive houses on this planet. I've been trying to buy a soccer team. I bought the constitution.
I feel like the game's working well, the united states, with debt to gdp at roughly 130 percent with a wall of entitlements ahead of us washington in every dimension has got to be focused on grow. The damn economy, we grow the economy that will help on the inflation front that will help bring more people back into the workforce. That will help us address the promises we've made to those who are going to retire and yet out of washington. The current the current rhetoric and action plan is about slowing down the ability for our country to move forward. I mean this idea that we're going to tax companies as being anti-inflationary is the most most absurd concept. I've ever heard of like we're going to tax our companies that need to invest in capex, invest in hiring people, invest in training their workforce, which all this will happen in smaller quantities, we're going to tax these companies and we think that's going to reduce inflation. I mean like just go: take out a simple economics book for god's sake, so i really worry about where we are in the regulatory front right now, because we need to go the exact opposite direction. We need to encourage investment in capital and in people to grow.
Our economy to meet the promises that we've made to the americans seems like he's just really complaining that he maybe with new regulations, might not be making the billions and billions he previously made, and i feel like he's, taking a slight hand in like dig at the Fight against payment for order flow, which is making him billions of dollars a year, but i'm seeing from chat right now that there's actually another clip that people are saying, hang on uh, i'm getting it it's getting sent to me right now, so uh! These are all clips of a larger interview. He did. I think it was almost like a full hour long. So let me see if i can find the one that other people are here.
I have another one right here. Let's, let's react to this. I haven't seen any of this. What's the overall thinking on these retail investors, though, is it? Are they back? Here's a retail one? Is it something you mean the whole sort of means phenomenal stuff that got gave in trouble and game stopped last year, gabe in trouble.
I've been in trouble, your boy is an outlaw, was i late to spanish class quattro times and then that get me a detention? Yes, i know what it's like to be in trouble. I think it's a little bit different when you blow up billions of dollars. It's probably a moment in time. You know we i mean replay the history.
You've got these this enormous stimulus program from the federal government, sending checks to to tens of millions of american households and a fair number of those households did not need the cash they put into the stock market and and people were looking for connection, they were looking For something involved in you had to rise, the wall street bets and the whole reddit phenomena, and i don't want to say our stock market devolved into entertainment, but there was certainly an entertainment dimension that came into play. I awkwardly look at myself in the mirror: the stock market became entertainment. Well, ken don't know if i could fully disagree with you on that, one with money that that was in some sense, just dropped out of the skies and people's wallets and and they took a run at the stock market and gamestop and amc and dozens of other Meme stocks i'd like to think it was a moment in time. So i'd like to think that's the case. I don't like. I feel like this there's a lot of logical fallacies in this, so he's saying, because the stock market, which i would argue, is a living organism transformed into something else, he's not happy because it's not the market where he performed the best in something happened that he Wasn't a fan of, but anyone could say that at any evolution of the market i mean think about it. If you rewind to before the markets, went digital and the brokers were making whatever amount of money to pick up the calls from the clients and buy this sell this, and it was like more slow. The brokers probably didn't like that was a big shift or a lot of other people like talk to iex they're, not going to say that the rise of high frequency traders were good.
The market, like i said, is a living organism and if you don't like the game, which is a continually evolving game, leave, no one is forcing you to be in it as long as we're playing within the rules of the game. That's the game. You can't like and moan about what it was last year, the game changes. There's new players, there's new ideology, there's new methodology.
So just because whatever is he right that tens of millions of americans got stimulus which he's probably referring to as free money and then they thought it was entertainment. Okay, yeah, that's true, but you can do that who gives a like that is allowed. That is not breaking any rules, it is not breaking any laws. So why are you complaining about it because i know a lot of people who would be complaining about you and the rise, and i'm referring to ken griffin as a market maker.
It's not how capital information works best and, frankly, a lot of it came from a place that i don't think it was very healthy which is like. Let's try to you know, take a firm like melbourne and and put them into bankruptcy. Whoa whoa, whoa, whoa um. The target was never at first, i hate when people argue that of the goal was not.
Let's take down melvin. The goal was: let's save gamestop, there's over a 100 short interest. How is that free and melvin happened to be a large player? Who was adding to that absurdly high short interest? The initial goal was save gamestop, not let's destroy melvin; no one even knew melvin's name. Everyone knew gamestop's name that once again, it's kind of a bit of a red-hairing argument like great.
So you, you basically help wipe out the pension plans of teachers. Oh you, you, you seriously! Dude! Do you know how many people? What did this guy really just say that a guy who is obviously a fixture of wall street? Don't comment us of wiping out teacher's pen. Did this face really just say that wiping out, i don't know what's going on hang on, did he really just say wiping out the pensions of teachers dude? You are the symbolism of wall street. Let's talk about 2008. Let's talk about the tech bubble, let's talk about the flash crash. Don't come at retail traders who are on robinhood, wiping out teacher pensions, careful about throwing stones there, ken! You feel good about that. It's like games money that you're taking down you're, taking down the money for a pension plan that belongs to a teacher. So i don't, i don't think was a very.
It wasn't a very good moment in american capital markets history, but i think it to replay history and go where were we as a country and people were locked up in their basements kind of losing their minds. So it's a covert phenomenon. It's a code phenomena. Have you been on wall street vets? Of course i have, and there are some great videos from trying to attack citadel.
I noticed that we always seem to stand in the end, but there's some really great orders filled such as such as everyone's going to google. Instead of listening to what you have to say, go google, you have fun on wall street wow. Is it a covent phenomena? Probably i think it was a perfect storm of many things coming together of people inside looking for a sense of community looking for a way to make money, it was a cultural wildfire. It was a perfect storm.
I don't disagree with that, but to somehow say that this short squeeze was an attack essentially against teachers. That's that's just ridiculous. What a way to spin it! I i'm just curious to like what the pr team was paid to come up with that line of fascinating. Let me know your thoughts in a comment below all right.
Where are we in the market? What happened? Uh? The algorithm ran from yesterday uh. Let me show you all of this uh. What happened you guys heard it it bought and then it sold. So yesterday i want to let you know, like i said i got out right at market closed.
It was a small gain, so kind of a scratch day yesterday and then this morning it just ran the algorithm from yesterday and it looks like it already locked in 270 dollars, so it went long right at market open and then it sold a little bit later. So it bought two at 3935.5 and then it got out and it locked in 275, but then, after commissions uh, it lost five bucks. So uh hey, we already locked in some money. I still have the spx short and i still have the tesla short um and i'm just kind of watching it, i'm just watching i'm watching i'm watching um and let me switch this over oops.
Sorry, i'm just thinking how the is he blaming retail traders for going against teachers like that's just lunacy, man, that's like how did he say that, with his straight face that nothing imagined an ape out there saying i'm buying game, stop i hate teacher pension funds. Has nothing to do with this company has nothing to do with wall street as nothing with me trying to make some money to see what's going on in this short squeeze thing as i'm learning about the market, i'm doing it because i hate teachers. I don't know about you, but i think a lot of us did that. That's how did he know? How did ken griffin know? How did he knew? We did that because i hated my spanish teacher in high school, who told him someone in here told him. Was it you humble electrician, did you tell ken griffin, our big secret, that we literally did this because matt hated his spanish teacher? How could you ken? Why are our secrets getting out this was? I can't believe, i can't believe you guys, you're, letting all of our big secrets go puts on teachers we're against teachers. The only thing we hate more than kids is teachers in here. There's two things: we can't stand in this group and that's teachers and kids. We hate them all.
Teachers are the worst like dude ass backwards. What kind of a crazy print was that on the spy um, let me get a poll going it's deeper than that teachers. Futures yeah we're against teachers and teachers features. I agree.
Ah, what am i doing today? I need more money. Yesterday i bought mac and cheese and i need to pay off my mac and cheese bill order filled order filled that was in the futures market. I just went against it and i'm basically looking for a breakdown of this key number. I just got a short in and my uh position is 3926.25 and i'm looking for a breakdown of 3925..
Is it gon na break down? I don't know if i see it to bounce i'm gon na cut it, but i want you to know that i'm already pretty heavily short on spx and tesla i have those puts from yesterday. I have not changed anything if you were here yesterday. If you read it on locals um, it's already good to go. I'm just looking for this breakdown right about here right about here.
So this was the algorithm that ran in this morning. I forgot that it was turned on so yesterday we went long and it just went long again, uh and right now, i'm roughly break even looking for the breakdown of this key technical level. I don't know if it's going to come or not today, today's going to be a funky day, it's going to be a funky funky funky funky day um. Where are we at we're going down we're making money we're against teachers, we're against kids? The do you know what really grinds my gears.
You know what really grinds my gears kids, who are teachers, teachers, awful kids, awful, but the reincarnation of satan himself, teaching kids right, just there's nothing worse. There is nothing worse on this planet than kids who are teachers. I i just don't even get me started, don't even get me started um all right. Where are we at sorry? I'm just.
I was thinking about kids, who are teachers and i just got pissed off, as i'm sure many of you i'm sorry, it's supposed to be a friday and you guys are like supposed to always have a good friday. We come in here to party, and here i was touching talking about kids, who are teachers and now i'm sure most of you are fuming you're like i don't even want to talk about that, like thanks for pissing me off already matt ruining my day. Sorry about that um i do want to remind you. The gap was actually already filled on the s. P 500. Never mind uh-oh, are we bouncing? Is the market gon na bounce red friday green friday? Actually, let me ask you: why am i asking myself when i could ask all of you guys market market today, big red or is it going to be big, green? All right, i posted the poll and then on rumble. You could just comment big red or big green. What do you think the s p 500 is going to do today, and am i going to make my money back on my spx puts because right now they are down a pretty penny.
In fact, they're down 4 100. They are down more than what i made on that tesla trade. That's not good! Maybe i just don't know what i'm doing. Maybe that's something i need to fairly consider.
Maybe i'm the problem, i'm probably the problem. It's probably me: how long does the futures trade last um futures contracts have expirations, so you can't like hold them indefinitely, but depending on what you're training, they have a different cadence. So, for example, the s p 500. Those contracts expire every quarter, but then, if you're looking at something like crude oil, those expire every single month.
So when you learn certain rules for futures, it's typically not applicable to all futures, they have different margin requirements they for every dollar. It moves or every point it moves, there's different gains and losses um, they have different expiry periods, so the s p 500, if you're looking at this one, the next rollover for this contract right now, it's on the front month and the front month is currently m E, like so, the contract is es, and then you put in the month code, which is m. That's like the current one it's on, and then that will change on the day of quadruple witching, which i believe is in june. I think it's next month, uh yeah that should be may yeah um.
It's gon na be june june june june june june, at mac coors tmi versus thickness interesting. You know, i saw a little something something about. I don't like that. The es had this wick.
That is like really kind of messing up or i guess we could just watch the spx, the actual s, p. 500 um. I saw something about like okay, if you guys don't know uh, graham stefan, who is the largest financial youtuber like on the planet uh, he was in a boxing match and then that got some people to talk about just other boxing matches um and right now, who Was it uh, like i think, trey was talking with me? Kevin tmi was talking with me and then there's other people um. I like, i weigh more than them like by quite a bit like i'm dude like you.
If you look this this right here, this is like 190 pounds and isn't i don't know how to fight i'm not saying i know how to fight, because i i i don't. I am i'm much more of a lover than a fighter um, not even really that, but my point is is like: isn't your weight and your size like important, like i feel like i'm just bigger by pure mass than meet kevin, trey and tmi? So the only other person is wrench capital and, like have you guys, seen trench wrench capital that dude is like 240 stacked, so i don't want to like get decapitated. I just need someone who's like more appropriately in my weight class like who's another guy who's kind of like a like a walking bag of mayonnaise at 190.. It needs to be like we just need equivalently sized people, wrench would kill you. That's what i'm saying. I don't want to die so like i'm at like an awkward in between, because, like you have some guys who are smaller and then you have one guy who's massive and then like i'm the awkward in between. So i either need to get like way way. Bigger or way way smaller, i just we just need a fair affair like i just need another walking.
Bag of mayonnaise uh lose probably the same size as wrench capital, but i think they have a little bit different composition, matt versus vixx, he's kind of taller. You know who's at 190, jake paul. I know a lot of people, don't like jake paul, but there's a good chance. He would murder me like he.
He knows what he's doing, whether you like him or not. He would like beat the out of me kenny g, that can oh here we go. Oh here we go, you guys nailed it on the head. If you're looking for a good fight, if you're looking for a fair fight, this is it.
He has a little bit of height on me he's about two inches on me, but i have some some muscle on him. I think that's a fair fight, let's set it up he's. Definitely not six foot um according to the personage. Do they have me? Am i a person we apologize for any inconvenience, please hit back our browser for your search form below matt core's emotional damage, i'm just not important enough! Oh man, all right remember.
I was looking for that breakdown of 3925. Well, that really did not come so that's kind of a bummer, it's tmi's birthday today and our 13 month anniversary send me thick pics your family. What's going on brendan matt versus tyler wilson, tyler wilson has some size to him. Tyler you could tell tyler hits the gym.
He also knows a lot about options trading, but that i don't think benefits you in a boxing match. I don't think so. He has some size. Emotional damage can be your wrestling name, andre jake, andre uh.
I've met andre. I'm bigger than andre, so i don't know if that would i think ken griffin is the best fight, i think that's matt versus martin shreli. I think i'm bigger than him too matt versus reviewed work. I think review dork's big review.
Dork is probably closer review. Dork's, probably in between me and wrench capital, if we had to go, let's, let's just guess everyone's size, so i think it goes. Wrench capital he's going to be the biggest and then lou and then review dork and then me and that man, like short, the vix tray, meet kevin they're. They have to all be so close. They have to be all so. Incredibly close, that's actually a tough call. How would we put it in order ttg, i'm probably the same size as mike matt versus adam aaron. I think adam aaron's, bigger than me uh, but i'm probably the same size as mike at ttg short to fix short.
The vix is tall. Like short, the vix would have a nice reach like he would definitely have like a good reach on them. Ah, so many things to consider me kevin me, kevin's, not five. Seven me kevin would have a good reach.
I don't know how tall do you think? Tmi is, i think, i'm most similar someone called out matt versus kelly ripa. That was a good one mike. The issue with fighting mike is that, like i feel like i would just lose like mike, has that new jersey, new york thing going on, and i just don't. I like have found in my life that i enjoy not getting hit in my face, like it's kind of just like a me thing i feel like just mike.
I don't know he would have that, like new york, new jersey thing going on how big do we think jim cramer is he's 5'6 as we look it up? Is it back chop, i'm still seeing f in my back? Am i back? Am i back? Am i back what did i do? I just literally hit the reload on youtube and that fixed it. I'm super confused. What did i do? Mom dad the teachers got me. Volume is gone, youtube conspiracy to keep kramer's height a secret, apparently he's short he's a five five five six guy.
I think i'm back just give it a reload. I don't know it's a friday who even knows what really happens on fridays anymore. Who even really knows, are we gon na break this? I'm telling you the s p. 500.
This is the core level. This is super super important. If we break this, i'm watching 3885 and let's see, let's see it's trying to make up its mind, amc picking up the queues, picking up tesla trading down iwm down, let's see what the options market is doing. Tesla put put seven days: seven hundred dollars tesla, put put tess a call test, a call spy call, tesla, put put spy put put where's the big money.
8.8 million 28 days out for the q, calls cue call another 1 million lots of q calls coming in. Actually tesla put q, put iwm puts buy, put right now, 61 percent bearish leaning, put premium being bought up 61 uh morning, matt, here's to a good week. Can you hook us up with amc and jimmy or tex? Happily so amc 22 costa borrow john barnett donated ten dollars morning, matt here's to a good week, and can you hook us up with amc and gme or tex thanks main thanks mine, uh, amc, short interest: 22 percent cost of power, two percent uh. So a slight increase in short interest with what's interesting, is the jump in the shares on loan coming in at 160, mil utilization has been maxed out for quite a while in terms of gamestop the short interest back up to 25 costs to borrow up to 14 Utilization so 100 and the shares on loan 21 mil so we're seeing actually relative increases in the bets against aamc. Excuse me, amc and gme recently um jimmy clocking in at 25., all right some buyers coming in because they hate kids and hate teachers uh. What else do we have? I think people are wait. Are you just youtube just moved on me um. The results of the vote today, big red big, green 51, said red and 49 said green, so very, very close.
How come everyone talks on rdbx when it's essentially the same play as amc rdbx was on the smaller flow and 150 short interest um? I don't think it's essentially the same play because a big aspect of amc, not just that it deals with movies, not just the numbers underneath amc, it's vortex numbers, it's the community surrounding it. It's very very hard, and i would even say at this point: there is obvious overlap between gme and amc um, but really, i think there are two distinct communities. Um, like i said, i'm well aware that there's quite a bit of an overlap, but i also think there are key distinctions that have to obviously be acknowledged and rdbx. Just like is nowhere even close.
It's not even close to the community that amc or jimi have in size in passion and fervor. I need to figure out a better streaming software than streamlabs. Does anyone have any suggestions or is it my internet, speed? Speedtest.Net? Let's do my speed test testing, testing, testing, testing, testing testing testing. My download speed, which doesn't matter for streaming, is like 930, so i'm cruising can tesla stay under 700.
It can it's possible actually that's going to be kind of important to watch amazon performed well. Yesterday, how's it doing today, nvidia and my upload speed is 35. That should be good enough to stream obs, but on obs does it have the multi-stream with stream labs? It's way way easier to do. The multi-stream i was actually obs is the first thing i ever ever streamed on.
What are you running? I'm running stream labs with a multi-stream uh to youtube and rumble for those of you who are curious about twitch uh. Recently, i've been going kind of off of it to try to make this better, but i think i just need to change like my bit rate and stuff to make it less heavy on my system and not really my system. My system should be able to handle it. It's definitely just the upload speed, i'm not on that verizon fios anymore, which kind of lets you do literally whatever you want.
Am i selling my tesla puts yes, if you guys need updates on any of the trades. That's exactly what we have locals for i'll, let you know when i'm in or out with any of those option positions, but i'm still in the tesla puts, and i'm still in the spx puts the spx puts, are currently down 67 percent, which is also known as 4.2, 000 and the tesla puts are down 16, which is known as 800 dollars so tesla coming down. I just need the spy to break and look at this like it. Just is exclusively this level. Look how many times we've bounced off of 3925. You guys probably thought it was messing around when i told you um that it's an important support have you talked about ftx stake in robin hood um, so i covered it when that news first broke a couple days ago. I don't know what it is. I mean.
Obviously ftx i actually talked with ftx yesterday, like my handler over at ftx and for legal reasons. They can't tell me what's going on. My best estimation is that sam bakeman frye, the owner and ceo of ftx is going to attempt to pull a elon musk on robin hood. I think he's literally positioning himself for a like forced hostile takeover recently.
Ftx announced that they're getting into the game of equities training and um they're, going to do non-payment for order flow that type of stuff. So i like the sound of it and there's actually an interesting thread that i want to get into with all of you. But if i had to guess - and i have no inside information on this it - this isn't like a like this. If you add it up, it cannot be good for the current leadership team of robin hood.
It looks like a competitor business is coming in trying to just basically buy their business and take their user base for equities trading, uh ftx buying out the hood. I mean he bought about seven percent of it uh and i think slowly but surely i i don't know i don't know, i think the number's gon na go up and i think he's positioning himself for a hostile takeover. But time will obviously tell time will obviously tell i mean in my opinion, why buy now when you could get it crunk abortion donated 19.99? Did you ever watch the documentary leaving neverland one of the two guys who got diddled by michael jackson? Is your identical, twin uncanny resemblance anyways? How would you rate the sloppy toppy scale of one to ten uh crunk abortion there's quite a bit to unpack there? I actually have seen that documentary. I don't think the guy really looks like me, though, and how would you rate the sloppy toppy scale of one to ten uh? I don't even know how to answer that, but for robin hood, if i was ftx, i would just wait because i think this is coming down and if i'm going to buy it, why not just buy it on the cheap, it's already very cheap.
I just think it's going to be cheaper, but i saw on reddit. There were some people who were trying to like connect it of it. Somehow bailing out robin hood of ftx bailing out robin hood, it's not a bailout like that's. People are just buying the stock.
Like it doesn't inherently benefit robinhood that ftx bought a porsche, i don't i don't get it streamlabs is just losing its mind. Like streamlabs is just saying connected reconnecting connecting reconnecting streamlabs is just like freaking out. I need to get off of streamlabs. I am not happy with streamlabs. Why is streamlabs losing its goddamn mind today, streamlabs is disconnecting attempting to reconnect. Streamlabs is disconnecting attempting to re. It's not. My internet is great right.
Now. No issues 40 upload 950 download what the hell is going on. Let me see if streamlabs is having um streamlabs down detector down detector streamlabs down. Let me see if there's no, the outage map isn't that bad? I don't know i mean all this stuff.
I don't think this is a youtube or a rumble one. Today this seems to be like a stream lab issues. I recently tried to lower my bit rate. Would that have a problem for any of the people who know more about streaming than i do hey? Let me see if i could switch any of this.
I'm ethernet. That's what like the speed test? I mean you're not going to get 950 down over wi-fi um, but hopefully tesla keeps coming down tesla's only down eight percent, now seven point, seven percent, so back to almost making money on tesla uh. I just need the spy just come down just just vomit vomit vomit vomit vomit, my bit rate is currently 5 000.. You can get 950 over wi-fi, that's crazy, wi-fi! Maybe i'm just too much in the middle of nowhere.
Six thousand, i'm on five thousand bit rate. Should i up it to six thousand, and also, how do i do a latency uh youtube, 6k bitrate 6k bit great, always uh. My cpu is not that high. My cpu is at three percent.
My encoding is the video audio output bit rate 5000 keyframe interval 2. Preset quality profile high uh, my encoder is the n-v-e-n-c n-ven nvenk, my download speeds 950. The upload speed is 40 right. Now it's something in my stream lab settings or, like you guys said, maybe i need to add a little bit of a latency.
So finally, apple um, anyway market's coming down we're looking to make some money. Nvidia is coming down. Uh apple. Did we break that anyway? Coming back to ftx sorry, this was uh.
I believe james and molly asked this one. Whatever ftx is doing. This isn't good for a robin hood to me. It feels like an elon musk, hostile takeover type of a thing, and then other people on reddit were trying to connect us with with citadel understand that ftx and citadel citadel are both trying to do the same thing.
They are natural competitors they're both trying to be market makers for the crypto sphere. Ftx is in competition with citadel there's, no way that they're like looking at this as like we're trying to partner up, i just don't buy it um. Maybe i'm missing an important aspect of what the hell is or isn't going on. I just don't buy it.
I i think they are like trying to compete with citadel, not play buddy buddy with them all right. Well, on this breakdown, i am now watching 3885. This is my level to show you what the hell is going on right there right there uh currently uh. Where are we at uh we're currently up 1500? I took the short of three thousand nine hundred twenty six point: two five um. I don't quite know how i'm gon na play this, but we're up money right now. I obviously don't wan na give that money back. I wan na end this on a profitable friday, the spx looking for an spx cap fill at 3901. Technically, i think, that's very likely, but once again i'm looking lower 3885 if we do not hold 3885.
My next level is right here. 3845. That's my next level! These are my targets. Target 1 target 2 and target 2.
Also, roughly aligns with uh triggering my donation to saint jude, which hey, i know i know. According to ken griffin, we hate kids and teachers, but we're gon na prove him wrong today by donating, ideally donating money to saint jude's. Matt gets his voice back and then nearly gets his windpipe crushed yeah. You guys can't see it.
It's actually really freaking painful. I took a picture of it. Can you guys see this? It's not going to come up on screen. Well, is it maybe i'll just tweet? It out later it was brutal.
It scared me, oh it scared me. Am i up on tesla, hey we're back green on tesla, um uh. So right now we are up 710 on the tesla trade. From yesterday the one that i said i had to swing and then the spx play - i am down 51, so that's not good, and this veru one it's bus, it's gon na go it's gon na expire worthless today, because veru, i think, is coming down.
It's just not coming down at the speed that i would like it to so things are trending in our direction right now getting very much beat up on the spx, but trending in our way and tesla were back in the green up 11 on that tesla tesla Tesla, so i want to see that honestly, i wouldn't mind locking in tesla today i really really wouldn't i i don't know. I just don't think i don't know. If i want the pressure of swinging things over the weekend, i would love for things to capitulate. Today.
I lock in my attendees and i enjoy my weekend. It feels like it has to be one of those just like kind of easier weekends. I'm looking for an easy weekend team. I don't want to be freaking out about my positions or anything like that.
Uh. 3. 900 short term target for sure keltner keltner counter keltner three minutes we are outside the calendar. We got some selling going on.
We also see a jump in the bearish plays on the options market it jumped up to 64. Thus far, we are what 45 minutes into the trading day uh the bears are showing up. There was a little bit of wonkiness for the first 30 minutes, but the last 15 minutes brutal. Why not roll varu i'm going to i'm just saying the ones that expire today i'm going to get beat up on? I will be wrong.
I think varus coming down. I really do it's just a matter of when um, so i'm going to roll to a different exploration, looks like we have a special shout out request a shout out to the vip viewer of the day: rhonda rhonda ronda ronda aka, mrs cootery's mom. I appreciate you stopping by rhonda, i hope you're having a fabulous day and i hope you're preparing to have a kick-ass weekend um. I don't know if you're an ape yet, but if you want to become one we can get you a cool hat. We can get you a very cool hat, tesla bounce that support. For now i mean there's quite a bit of selling quite a bit of selling team. I mean i'm just seeing i don't know ever since this breakout has just been pure selling. Really there is some people who are a little bit: scared, hey, matt, tell death, no poxy get to work death, no poxy sounds like you need to get to work.
Am i just like yelling at people's workers for them? One of these days, someone's going to come and be like hey like i need to fire this person. Could you like deliver the news? Should i like start a sub business where i'm just like willing to deliver bad news for all of you, so you don't have to do it. Matt coors bad news, deliverer bad news, deliver extraordinaire. Do i think nvidia could get back to 200.
Soon i mean it depends on how you're defining soon, but no is what i'm gon na say. I love nvidia too. I mean i'm heavily invested in video. It's just right now.
Nvidia is a very, very large company. It's a surprisingly large company and it um is going to be eh. It's gon na really be tracking with the queues, not a perfect correlation, but if the queues are getting smacked, nvidia is not going to do well. Hang on we're getting some tweets hold multi-asset long short, equal weight, 0.75 x, leveraged position.
I'm short us eu and em equity, short ig and hy credit short us, em bonds, short btc, short real estate and short u.s mortgages, i'm long gold, silver front and tips, ust bills and notes. Jpy who you're playing the japanese uh currency interesting play interesting, play all right, how's this gon na go. Are we actually gon na touch 3900? Let's throw up the spy here, so you guys can see. I just hate this wig.
This wig is like really messing things up. Let's do volume looks like the line in the sand is just below 393. That is the point of the control for the day. Veru coming down, tesla just puking nvidia, also puking.
On the day, you know the spy, the queues and the russell are actually green, but um. Recently, we've seen some out performance from amc uh, but today we're seeing some underperformance down 2.4 percent trading at 12.77, 12.77 apple, microsoft, everything getting a little bit of a bounce right now do we have any breaking news. German health minister says believes monkey pox is not easily contagious. I just saw some news about monkey pox.
What the hell is. Monkey pox i've seen like two things about it: a 10 mortality. What the hell is monkey pox monkey punk's case in the uk, more than doubled to 20.. What the hell is monkey pox um, is it in the u.s or is it just in the uk? What the is monkey pox? That's a good question. No monkey bars no bananas. Let's minimize feces flinging monkey pox outbreak in uk portugal. Spain cdc is very worried about transmission and warning that the uk outbreak could spread. Portugal and spain also likely outbreak.
Monkey pox is fatal in one in ten cases, with severe disease and death, more likely among kids. What is going on in our world man monkey box. I can't tell if it's serious or if people are just making fun of it.