What's crackalackin moongang, this is your market wrap up for today, tuesday march 29th, and as always, we have a lot to talk about, of course, we'll be touching on two of our favorite songs, amc and gamestop. I want to be explaining why i really liked what happened in the market today. That might sound a little bit weird, because if you look at the percentage gains not the same craziness that we saw yesterday. But i really like some of the things that did occur.

So i'll be explaining that, of course, we'll be touching on the short interest numbers and all the other related things such as utilization, all that good jazz speaking of jazz, we need to talk about some jazz cabbage companies till rate cgc sndl. Maybe an etf such as mj, because we have some political developments - you're definitely going to want to listen to that, because there could be some volatility tomorrow, but to get it all started, we have to talk about yields. We have to talk about inversion. What is all this ruckus and everyone yelling about yields and burning? What does it mean? How bad is it? Is it actually a good thing, so we'll be getting into all that first, so with all that being said, let's hop right into it.

The yields are inverting. What what does that mean? It seems like all financial media right now is talking about this, and you might be thinking what does it mean? Why should i care now, obviously, there's a lot of nuances to this discussion. I just want to give you kind of the general overview yields are going to be related to bonds. In this particular scenario, bonds are going to be something basically, an agreement between you and the government like here.

I'm going to give you money for a certain amount of time, and this could be anywhere from a month all the way up to 30 years and for me giving you that money to do whatever the government does with money. You're going to give me back extra payment at the end of it. For me, letting you use money, it's basically when we end up becoming like we're we're the loan shark, but on the government, scale they're taking money for us and at the end they give us more money back once again, it can go anywhere from a month to 30 years well, it naturally makes sense that the longer the maturity date, the higher the yield, which is exactly why we have a yield curve. That kind of looks like this, the longer the date the more yield you get.

Hence why we kind of get this log-looking graph, so this does once in a while get some distortions in it and that's when people are talking about yields inverting and the one that people really focus on is the two year and the ten years. So, basically, i'm giving you money for two years, i'm giving you money for 10 years at 10 years. I expect more money back, but sometimes things get a little bit wonky and the payback on the two-year is actually higher than the 10-year. And, of course it can happen on other ones, as i'm about to explain yesterday earlier this week, the 5 and the 30 inverted last week, the 20 and the 30 inverted.

So it does happen, but the one that everyone really watches is the two and ten, and today we saw a little bit of an inversion. So i really want to get into now that you know what it is. It's just like the payouts being a little bit different when you expect it to be higher from the longer one. It is a distortion, but i want to explain what does this mean for the market? Is this going to be some sort of fear-mongering panic type of thing, or is it a little bit different? So, let's hop right over to this and you're going to see here, the bod market is flashing, a warning sign a recession may be coming.

Here's why an inverted yield curve is the bond market is a distortion that has occurred before u.s recessions, so just to give that a little bit of facts there, every single recession from the 1970s. Until now before it, the yields did invert, but there's a little bit of a caveat to that. There have been times that it inverted and we didn't see a recession. So, every single time there has been a recession, it was before it, but sometimes it has give given some false signals.

If that makes sense, this happens when short-term bond yields exceed those of longer-term bonds. It means investors are worried about the economy's long-term prospects. So that's the big key. There is basically bond.

Investors are saying we're not feeling the most comfortable, but also once again another little caveat. Bond investors are also the people who kept the two-year yield super low, basically saying that they thought inflation was transitory and if you've looked at the prices of anything, we also know that inflation is not transitory. The two-year versus the 10-year on the u.s treasury bond is generally the most watched by economist. That curve hasn't yet inverted, but another part of the market did on monday on monday it was the 5 and the 30.

last week it was the 20th and 30.. This article was written earlier today and then throughout the day as you're about to see right here. This updates on the daily. If you're using trading view, you can type in 210 y2y and you can see where we start each day.

But if you're looking at bloomberg and shout out to ad underscore investing 22, there was a brief point: around 1 30 today we did see a brief inversion. It went below zero percent, so technically it did happen. It didn't hold there in real time as i'm filming this. We are not inverted, but just to kind of show you what it means is.

Yes, it means bond. Investors are showing the market that they really aren't feeling that comfortable with the long-term prospects, and it also could just mean that they think inflation in the future will be far less than what we're currently seeing. Because all this is tied in with inflation and the fed rate, and all that i'm here just to give you the general view. But ever since i guess 1995, you can see we inverted and then we saw one uh and when i say we saw when we saw a recession, it inverted we saw another recession, we saw one technically people were saying this was a false signal.

We saw one right before covid, but there's no way yields predicted covid, so that could have been a false signal, but we ended up. Obviously the market clearly went down when covet hit the entire economy, but once again it does give false signals. But every time we've had a recession, a signal did fire before it. So is this a reason to panic and fear monger? No, no, no, no, and then also if we hold, it doesn't mean the next day.

Everything's turned off and the market goes upside down. Not at all, on average, the recession you see after an inversion occurs. 17 months later on record, i was looking at the data it can occur as quickly as six months or it has, and sometimes it occurs as far out as 23 months, and you might be thinking matt a signal that tells us something about the economy. 23 months out, that's a pretty shitty signal, yeah that that's a very fair takeaway from what i'm talking about.

So i know you're gon na see a lot about this. I just wanted to give you some facts and figures. It's something to pay attention to, but it's not one of these things where i'm just gon na like automatically be like it's done. Capitalism is over: let's get out of the markets.

I don't think it's one of those things now, speaking of the market, we should point out that, yes, there are implications on the s p 500, which recently has had a very very nice run of 10 percent. I just want to point out that there is a small downside gap for opportunity to basically 456., so with that out of the way, let's talk about some of our marinara plays tilray cgc mj sndl, all of those. If you're interested in them, you should be paying attention to this bill to federally legalize cannabis. Heads to house floor could the second time be.

The charm us house of representatives may soon possibly vote to federally legalize marinara on wednesday march 30th at 1 pm et, the house rules committee will determine which amendments to hr 3617 will be allowed to advance to the house floor. So basically, if this happens, they can vote on it. If it passes, then it goes to senate. If the senate passes it, then it'll go to the president, so this doesn't mean it's going to like overnight, become federally legal, but it's necessary to step to take in the u.s government system.

Obviously this is important for a lot of business reasons. A lot of economic reasons, a lot of just like, i guess human, reasonable reasons so definitely check that out, especially if you're interested in those stocks. Now, let's turn our attention to some of our favorite stonks, especially if you're an ape amc closed out the day at 29 44, which was a gain of 0.4 and jimmy closed out the day just below 180, which was a drop of five percent. So obviously, gme's win streak has come to an end.

Let's check out its daily chart right here. It had a nice one, two three, four: five: six: seven, eight nine ten eleven one day, um and right here, a little bit of a baby red day. I mean honestly i'll still take this because in the past two weeks, gme still up 130, so that doesn't really bother me in terms of the chart. I will be watching this level at 182.

It's just an important level we've seen previously, and then i will really be looking for that key psychological breakout of 200. in terms of support, if we can't recapture 182, we have this shelf here at 160. in terms of the metrics. The short interest actually dropped today.

There was return shares of 100 1.41 million on a borrow of 930 000.. The short interest is estimated to be 24, with a cost to borrow average of almost 19 utilization still 100 and shares on loan of 22.7 million. Now, let's switch it over to amc still holding this trendline breakout. We are right at this resistance level, i would argue of about 29 and a half like.

I said it was a baby gain of the day, but relative to it's open, we did close below, but still a green day, still a win ever since this run really got going, we're still up 114, so obviously, amc and jimmy are still kicking ass. These are the key levels i'll be watching in terms of amc. The short interest is 21 costs to borrow still oddly low at 3.4 utilization, so 100 shares on loan 139.4 million, with a net return today of 1.69 million. Now, when i started this off, i was talking about amc and jimmy.

How i like today, which is a very weird statement to say when yesterday amc gained 45 gme gained 25. How could i say i liked what i saw today when amc gained 0.4 and gme ended up losing five well, i said i liked it because, with me being in amc and jimmy, i would like it to go as high as it could potentially go and when You get movements like this, the technicals simply get overheated the rocket engines get too hot, and if you push them too hot well, if you're not building a solid foundation. Well, the gas station you need is too far away. It is most optimal to get to the highest point to have healthy expansions consolidation, healthy expansion, consolidation - if you just do one big expansion and you didn't build nice support.

That means when it comes back down to take a breather. The coming back down is even farther. This cycle of going from expansion to consolidation, expansion to consolidation, that's a very natural ebb and flow of the market that is healthy. So, honestly, what i would like to see on amc and jimmy, we saw a beautiful expansion - and i already mentioned this about amc and jimmy about two or three market days ago.

When i saw a little consolidation here, we saw an explosion. I would love another one. Two three day: consolidation that is very, very healthy now, if you're playing short term out of the money yolos that could get a little bit iffy because you could get premium burn. So please, please be careful with that, but overall, with amc and jimmy i'm loving this movement, i would love to see consolidation, maybe we'll form some form of a bull flag is what i'll really be looking for before we get that next leg up.

So, honestly, i'm loving the gain we've seen over the past two weeks, i'm hoping that this is the start of a baby period of consolidation, which would be very, very healthy, we're just building that scaffolding higher and higher and higher, and then from there it's setting up. Potentially another beautiful move now remember i'm no financial advisor. These are my own opinions. Nothing i say is ever a buy, sell or hold signal, but i would love to get your thoughts and your opinions below, because i am happy as a clam for what is going on right now.

Let me know your thoughts in a comment below if you enjoy this video and you want to help me get in front of other people. It'd be awesome if you could hit that like button and don't forget to join up with the moon gang by hitting the subscribe button. I appreciate your time and i hope to catch in the next. Video have an absolutely beautiful day.

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