Foreign. Thank you Foreign. Good morning, Good morning, good morning. Welcome back to the Matt Core show.

Where today is professional. Wednesday We're wearing the button down because hey, why not? look, why not look a little bit more professional if we're here to talk about the old stock market in reality? I Don't care that much about professionalism I Just want to feel a little bit more fancy because I'm meeting up with my friends to get Korean barbecue tonight. so it's more of anything in celebration of Korean barbecue day in my life. So hey, if you guys are around and you want to go get Korean barbecue, let's meet up.

But we're doing it tonight. We're doing it. Tonight's Korean Barbecue. Uh, everyone knows that everyone knows that Wednesday April 5th is Korean barbecue day.

so I'm particularly excited about it. Word on the street is is one of the Buddies who's going to be showing up. He has a secret announcement for all of us that he's going to be quitting his job. uh I hope he's not watching right now because it is like a secret and I definitely hope his bosses aren't watching.

but I think he's handing in his two weeks notice tomorrow and there's something about a big deadline and this and that and the other thing he's some fancy schmancy architect in. Manhattan Um, so I think it's going to be a big hit to the company like I Don't think this is like a non-negligible like loss to the company. So a big secret for all of you guys. big Korean Barbecue announcement and apparently the world of New York Architects is about to get shaken up a little bit.

so you're all in on the secret. Don't tell anyone and definitely don't tell architecture firms in New York at least before tomorrow it's I think he's handing it in tomorrow. so it's going to be one of those things. but that's it.

That's what's going on People are saying. Congrats Cooler! What's up Did you make it to your location? Oh it's me. I'm quitting my job. Cooteri was in one location and now she's in a completely different location so it requires a lot of traversing from location A to B and I Didn't know if she got there successfully.

Sounds like a super long trip, but I hope your travels are going well, but she's not quitting. She's not allowed to. My mods are in a situation where, like, even if they want to do something else with their life, legally, they're allowed to. But from like a physical restraint standpoint, they're not leaving.

Uh, so it's one of those things where, like, if you ask the old Constitution they're technically allowed to do what they want. Um, but we run things a little bit differently here in the Matt core show. We're like, if I deem that I still need them like physically, they are restrained from leaving. Uh, so it's one of those things.

It's one of those things. But folks, I Hope you are having an absolutely fantastic morning. I Hope you had an absolutely fantastic evening. Whatever you got up to last night, what did I just do last night I Watched the new Adam Sandler Jennifer Anderson Murder Mystery Dose.

Has anyone seen it yet? it just came out on? Netflix I Watch it because I enjoyed the first one. The second one was enjoyable. In my opinion, the first one was better I like both but I did like the first one better. but I feel like I'm super far behind I haven't watched John Wick four, five or six or whatever number we're at right now I haven't watched Creed Three I think that's the one we're on I Feel like I'm behind on my watching because we've just been so busy with traveling interviews and whatnot.

Um, but I don't know. President got arrested. We're gonna be talking a lot about that. So for those of you who live under a rock under a rock, you probably haven't heard then that Trump got indicted and then it rained 34 felony charges they all release.

Relate, excuse me to falsifying business records and it's all kind of surrounding The Saga of Stormy Daniels and actually another lady kind of paying him off with hush money to sign Ndas to not announce to the world that they slept with him when he's running for president. Now that we all know, it turns out that that wasn't damaging to his career or his political run anyway, but it could turn into a bigger legal mess so we're going to be going over that. I Want to give you not the Tldr It's a little bit more in depth, but I can't get the most in depth because I'm not a lawyer I don't speak legalese. but update we do actually have a lawyer coming on.

So I'm going to be interviewing a lawyer at some point tomorrow and then that video is going to be posted on Friday to break down like what all this means from a like, very specific legal standpoint because I know many of us in here aren't lawyers, so it's going to be nice to even know things like why isn't indictment different from an arraignment different from being arrested. why did the can get kicked down the road to December It seems like this is a whole new precedent for ex-presidents previous presidents anyway. so just to get more into the legal aspect of it, obviously I know that I'm completely out of my depth when we're talking about those things. So I figure why not bring someone in who 100 knows this so we can all be just like, a little bit more informed of this situation.

In all reality, that's my favorite thing to do on this channel. That's my favorite thing to do with all of you in the moon. Gangs As a Goonie as A Degen Whatever you self-identify as, maybe you identify as all three. My favorite thing to do is to use the size of our platform to bring people on who truly have expertise I Love speaking with experts and sharing actual information I Love speaking to interesting Traders interesting entrepreneurs whatever it is just to spread a little bit more info I recognize where I know things and then I recognize 99.9 of the world where I don't know absolute squat.

But what is fun is using the size of our platform and all of your interest to get people who have that specific interest, expertise, knowledge, skill set, background, whatever have you and share it all together so we will be speaking with a lawyer. That video will be coming out if there's any specific thing that you're like oh look I kind of want to know this from a legal aspect if there's any questions on your mind. shoot medium DM me on whatever locals Instagram Twitter I'll be reading those all today, but if there's uh, something in your mind, you're like I just don't don't get X y z or if just like anything related to that of like a legal based question related to Trump the indictment, the arraignment, whatever, the court hearings, all that good jazz uh fire away DM me I'll be reading them all today, so make sure you do that. 34 misdemeanors.

Well, they are knocked up to a class E felony. so technically they're felonies as of now, but who knows? That's a good question. Could it get changed? Why did we move misdemeanors up to a classy felony? Is this a political? Witch Hunt Or is there a legitimacy to it? or is it like kind of like a half and half thing? Like some things are serious, but other things are more like they're just adding it in to seem worse. Uh, I mean for myself I Have many questions I have a lot of confusion about this and I just feel like instead of all of us making assumptions, especially if we have no legal background, no law background, maybe we should just pump the brakes a little bit take in the news and the information we can and then like actually get some real info from some of these experts and people with the proper background.

I Feel like that's maybe a little bit of a smart thing to do, but that's on the radar. Everyone knows that. Also, as a public service announcement, remember, the markets closed on Friday If you're planning on degenerately doing zero DTE Options on Friday It's not going to be a thing. In fact, if you have things going on this particular week, remember the options.

Market is going to end Thursday of this week in observation of Good Friday I believe Passover Technically starts today This: Passover Start today. Do you have any Jewish viewers checking in right now? Does Passover start today or tomorrow Passover Starting soon. It's either tonight or tomorrow night I Forget which one I Believe it's actually tonight and then we have Good Friday and then we have Easter Does anyone else find it a little bit weird? Maybe you guys don't know this about me, but I'm not the most religious person, but when we celebrate Good Friday Aren't we celebrating the murder of someone based on the stories? Like if you're to buy into the concept of Good Friday that's technically why do we call like, shouldn't we call it murder day or something like that? Does anyone know a little bit more about religion than I do, but like, like it? We should call it murder Friday I Don't think we should call it good Friday That seems like a giant misnomer. No, the Resurrection The Resurrection is technically Sunday That's what Easter Sunday is all about.

He was killed on Friday three days later. He like was taking steroids the whole time and he had enough strength to move like an entire like stone wall or some shit like that. I Don't know. I'm not really up to date on the stories, but we should call it murder.

Friday We don't celebrate it, it's solemn. but then why do we call it good? Friday It seems like a massive, massive misnomer like I I Just think we should go to the name commit committee like that's my entire Point here. Let's just like come up with a more accurate name than Good Friday I Feel like maybe just maybe something was Lost in Translation there and maybe someone literally translated it improperly and I don't know. Maybe the old-timey word for good was really similar to murder.

Maybe originally it was called Murder Friday and that got lost in these sands of time. Like just just throwing out an idea. I'm not saying it's right. I'm not someone.

just call it bad Friday kind of bad. Friday it's called long Friday in many countries. long Friday I mean seems a little bit closer to what it should be than Good Friday I Don't know. just want to throw that out there.

Maybe just a little food for thought? Maybe something for you to discuss around the water cooler today when you guys are at work, but there are some important things we need to get into we need to talk about. The market. Looks like it's taken a bit of a turn. Looks like we're getting a little bit of mean reversion.

For those of you who don't know, there's two major types of trading Trend Following and mean reverting Trend Following is basically saying hey, it looks like it's bullish and I think it's going to stay bullish so you have something a bullish bet on. Mean reversion is saying hey, I think things have been bullish for too long and it's time for a reasonable pullback and obviously vice versa. You could just flip the argument for like either a bear Trend or a bearish re like mean reversion where it's been selling off too much. It's reasonable for a bounce.

Right now, there's a pretty legitimate argument that we might need to mean revert back to the downside: Over the past two weeks, the Market's been rippity skippity doo-dah to the upside and the situation is getting better. It seems like the fears surrounding the banking sector are calming down a little bit, but overall, it's not like we're looking the best. I Mean if you've probably seen this on Finn Twitter Reddit but there's massive withdrawals from Banks I Mean even on an international scale, a lot of money is leaving the U.S Banking system. Right now.

it's like we can't say that the economy is amazing right now, because it's simply not. We have inflation. We still have a lot of concern in the banking sector. Obviously, there's geopolitical turmoil on the global scale like us: Russia China India Ukraine All that craziness.

But then also here within the US I mean we now have a former president who's being arraigned like there's kind of some wildness and uncertainty that will clearly have an impact on the overall economy. I mean One example right now is OPEC Plus basically giving the middle finger to Biden and basically calling his bluff on the Strategic petroleum reserve. and they're doing a cut of 1.6 million barrels per day of oil. That's crazy.

So like there's a lot going on. So I could point to some positive things of maybe we're not as bad as we were, but I wouldn't say that we're completely good. So when we see a giant push in the market like this I think it's pretty reasonable to call for a pullback. Now to my astute viewers, the people who've never received a demerit, you're going to be pointing out the mat: April's a crazy strong month.

Like why are you calling about out about this mean reversion thing? You're right. April is a very strong month on a historic basis, depending on the time frame. and depending on the Benchmark that you're looking at, it's either the number one or the number two month. like.

It's a great great month If you look at something like Bitcoin, it's actually the best month for Bitcoin over the past 12 years. Really, the time frame that anyone's cared about. Bitcoin. But with that being said, understand that you can still have little pockets of weakness just because you have a really bullish day.

For example, that doesn't mean within the day that you can't have like a half hour of a pullback or something like that. So my point here is just to say April is very strong. That's somewhat accurate, but you could still have pockets of a little bit of weakness. And that actually brings us to today.

Today specifically is actually historically doesn't have to be. But just based on the data that we have over the past two, two and a half decades, it's actually a little bit of a weaker day. So I just want to throw that out there. Over the past two days, the singular day seasonality bias has not played out, but hey, the longer it doesn't play out, it makes me feel like we're inherently closer to it actually playing out.

I Don't think that logic mathematically makes sense, but it sounded good, so let's just go with it for today. But overall, we're going to talk a little bit about what's going on with Trump and that craziness then. I Want to get into some stories that a lot of us have been missing, such as Johnson and Johnson having to pay almost nine billion dollars. Then we could get into some of these other things.

like there was this crazy corruption case. Um, it seems like all these people who are on Forbes 30 under 30 lists are just straight up criminals such as uh, the chick from Theranos, the dude from FTX and now we have another girl who sold her business to JP Morgan and apparently it was completely fraudulent. On top of that, we have some Market events and there might be some breaking news as it does relate to Trump and all that good jazz. So we have a lot.

A lot A lot going on. So I hope you guys buckle up. make sure your socks are completely secured so we don't end up knocking them off and let's get rocking. Let me switch this over.

All right very quickly. Before we get into all the insanity, shout out to: TTG The True Trading Group Family This is a full trading ecosystem. They do live trading throughout the entire day. They have an education module.

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But yes, that is true Trading Group pinned to the top of chat in the description of the video and with that being said, let's take a look at the market. So yesterday we started to turn around. A little bit of mean reversion, but not the craziest thing. This is what I'm talking about.

Ever since Monday March 13th we've been on quite the push. At one point we were up 7.9 and we're still up seven percent. That is quite the push. In 16 trading days we're talking about three weeks and a little bit of change of trading.

That is a big push. The last major red day we had was actually Wednesday March 22nd. Ever since then we've been going going going. Not the most insane call out that maybe it's time for a breather.

Does it have to be a breather? No, there's no such rule. Obviously it could keep going, but inherently the longer something trends it is going to be closer to ending. its Trend that's just signs and logic and math or something along those lines. But yes, the more we are trending, the closer that we are to that Trend Being done.

Is it going to be done now? I Don't know. Your guess is as good as mine I'm betting on it. If you were watching yesterday's stream, you know I bought S P 500 puts for April 28th I got myself a ton of time I believe I targeted the 401s or 402s I can check on that in a second. but I bought some puts just because I I'm not necessarily absurdly embarrassed right now I know I'm fighting seasonality I Just think we've moved so much that it's not the most insane thing to be looking at the Gap field of 404 35 to be looking at the Gap fella for 160.

And if things do go a little bit more bearish, maybe if there's a negative speech or a negative macroeconomic update or something along those lines. Yeah, maybe the Gap fell down to 396.49 So I'm watching those. My risk is roughly for 15, 4, 16. So my risk is roughly 2.3 to 1.

so I like it. Obviously, the reward is greatly outweighing the risk. So I think it's a good scenario? Is it guaranteed no, But that's not trading, that's not the market. I mean a lot of the times people have a roughly a hit rate of about 50 percent, it's all about the sizing of your winners to your losers.

So with this: I like the sizing I like the odds and I like the fact that I think mean reversion is going to play out. My biggest concern really is seasonality because April's such a strong month, but we'll see how it all ends up playing out. Uh, in terms of other things: Tesla They had some delivery numbers and even though the delivery numbers are improving, they didn't improve as much as the market wanted it to. so it recently fell from like 205 all the way down to 191.

we've been talking about that specifically with Tesla here. I Noticed these trend line breakdown: You could be playing this now if you're a little bit more aggressive to 186 or you could wait for the snap of 186 and maybe try to play that down to 176. Just want to put that on your radar. A little bit of weakness in the banking sector, particularly the regional banking side sector sold off yesterday with the overall market, so probably something worthwhile to watch today.

And as you're about to see, there's some other things we should watching, but hang on one second. stock futures are flat after Dow S P 500 Snap 4-day win streak Uh, classic meet and reversion once again. As of now, the Dow, the S P, the NASDAQ are all slightly red oil still holding strong at 81 and we see yields kind of coming down ever so slightly. In terms of Market events today: 8, 15, 8, 30 we already had some reports.

the ADP employment report. We'll be going over that in a second at 9 45 15 minutes into the training day, we're going to get the PMI number and then at 10 A.M we're going to see ISM Services number in terms of seasonality. Today is a bearish day roughly 50 50 in terms of Bulls versus Bears winning. but the profit factor is 0.43 as in every dollar spent has only returned 43 cents if you're going long.

So today, in terms of seasonality, it does favor the Bears. All right, So let's rewind a little bit to the jobs report. or really, the payroll report came in far under expectations. It came in at 145 000, expectation was 2 261.

That's or excuse me, 210. That's off by quite a bit. That was off definitely. Uh, quite a bit.

So at first here we can look exactly at the reaction. Let's go back to 8 30 right about here. Uh, the initial we had like some pot like you could see volatility was coming in right to it. but overall as the market is really heating it this is a good sign of or I mean I I Suppose a good depiction of the fact that we sold off in the overnight session.

it was kind of going flat, tried to recover uh but not too, not too strong and now we are just knocking on this door of roughly 4100 and some change. So bottom, bottom, bottom, bottom. uh if it can hold, we might get a bounce off of this. But basically at Market open coming out of the gate.

this is exactly what I'll be watching for to see if this quad bottom actually holds or not. Excuse me. So that's the ADP report. But really, the big news of yesterday related to former President: Trump Trump Indictment updates Trump denies committing crimes, attacks foes in scattered Mar-A-Lago Speech Well, right away you can kind of see that this is where mainstream media comes in with their own thoughts and opinions and biases.

Obviously, if you look at something like Fox you're going to see something a little bit more positive sounding. If you look at something like MSNBC you're going to find something pretty negative like just like how he's horrific and then CNBC they're a little bit more left-leaning I would argue I wouldn't say they're extremely left-leaning but even this, like little pot shots of scattered. Now obviously if you support Trump you're not going to like that if you do. If you don't like Trump if you don't support them, you're going to be like even a little bit more extreme I'm assuming 50 50 in here.

Um, I I Don't know in a weird way. I Want to kind of pull it up a poll to understand who my audience is, but let's just say like mathematically, it's about a 50 50. generally, if you're interested in money and finance and business, I'm not accusing you folks of anything but a lot of the times that sub demographic is a little bit more right-leaning So if I had to guess in here, it'd probably be like a probably a two-thirds to a one-third breakdown. Just if I had to guess if I'm just going on numbers, I'm not accusing you folks I'm not accused you whatsoever.

But if I just had to guess like just a classic mathematical breakdown. so I think there's probably going to be a little bit more conservative support in here that doesn't necessarily translate to Trump support. But overall, this is a massive story. It's something we have to cover because it has big implications on the geopolitical situation in the U.S which has an implication on the economic situation in the US and also globally.

So here's what we know as of now: Donald Trump Pleaded not guilty yesterday a Tuesday to 34 counts of falsifying business records in the first ever criminal arraignment of a former U.S president. So I do have the entire breakdown. We can look at it, but that's literally every single count. now.

Sometimes this is considered to be a misdemeanor, especially in New York, but for whatever reason, it was bumped up to a felony. But I believe the lowest class of a felony Class E Trump Surrendered at a New York courthouse and then was arraigned on charges related to Manhattan District attorney Alvin Bragg's hush money payment Pro Now Understand that a lot of this is about the classification of the payment. The payment itself is not illegal. You're allowed to pay people and be like hey, I'll give you this money in exchange for not sharing a story that's completely legal.

It seems like this is very much centered around the classification of the payment Trump is not due back in court until December So this is going to take a while. This is going to take a while. A while. a while we have all the way until December I Find the timing of It kind of like I Don't know.

Interesting, Let's say because I believe as we get closer obviously to the end of this calendar year and the start of next year, Well, that's when the political cycle really starts to ramp up. Um, so that's going to be a massive headache for Trump and his team. He was indicted Thursday of last weekend. The charges were unsealed during the arraignment.

Tuesday The 34 felony charges related to his alleged role in this game that directed hush money payments to two women during the 2016 election. Transformer Lawyer and fixer Michael Cohen is known to have facilitated payments to two women in order to keep them silent about alleged affairs with Trump former adult film star Stormy Daniels and ex-playboy model Karen McDougall This is the first time I'm really hearing Karen's name. A lot of this has been more about Stormy Daniels focusing on her, but now we're hearing much more about this McDougall character to her. Trump denies the claims by Daniels whose given name is Stephanie Clifford I had no idea about that that she had coitus will call it with him one time in 2006.

He also denies wrongdoing related to a hundred thirty thousand dollar payment Cohen gave to her to keep quiet about the alleged Tryst. The only crime I have committed is to furiously defend our nation from those who seek to destroy it. Trump painted himself as a victim of long-running schemes to discredit him for political game Trump jumped between grievances in a campaign style speech attack in Manhattan district attorney Alan Bragg and all other official excuse me major officials leading criminal or civil probes of his conduct. and then the whole list of everyone that apparently is on Trump's like hate list right now.

The ex-president drilled into familiar foes in his 2016 presidential opponent Hillary Clinton and President Joe Biden's son. Hunter. He also repeated the conspiracy theory that widespread fraud led to his 2020 election loss against Biden and made unfounded claims that the U.S economy is on the brink of a collapse. Is it really that unfounded Trump noted that Bragg may have trouble proving his case, a view expressed by some legal experts outside of Trump's orbit.

Once again, outside of Trump's orbit, it does I mean it depends I Suppose at this point of what you want to define a political Witch Hunt as but obviously this has political motivations now. I Want to be very clear here: Politician or not, if you break the law, you break the law like no one's Above the Law So if what he did like is truly immoral, but more importantly, illegal. yeah, that should be answered form: no one should be above the law. But the way this is spun by the people who particularly like it just seems to have so many political motivations.

Now, even if it has political motivations, that doesn't mean someone is necessarily Innocent. But remember, and this is one of the most concerning things I saw, particularly from Nancy Pelosi's she said, you'll have your chance to prove your innocence. Well, we live in a country where you don't have to do that. Fortunately, that's a good thing.

We live in a country where you're assumed to be innocent and someone else has to prove your guilt. So I think that's something that like right there. It shows the political theater that this is all going through, where people are like saying truly things that are like kind of anti-americ the fabric of America to be like, you'll show your innocence. Well, we don't have to do that.

You don't have to do that at all. In fact, like you actually have to prove someone's skills. So I'm hesitant to speak. It's specifically on the legal aspects of it because as I alluded to before, I'm no lawyer.

but I just wanted to keep everyone a little bit apprised of the situation here. but later after that Bell goes ding ding ding ding ding or I guess I could just share it with you Now right here. every single account is falsifying business records in the first degree. This is a class or it got upgraded to a class E felony but that's all of the 34 charges.

But yes, you can find this out there or you could just search this title and you can find the the PDF But as this was all going: Trump Firing off things on True Social Alvin Bragg Shut down New York City brought in 38 000 NYPD offers and will spend an estimated 200 million of New York City funds for a totally legal 130 000 NDA On top of all that, the ninth Circuit Court just awarded me 122 000 over the 500 000 already awarded from Stormy Horse Face Daniels Um, you always Gotta Throw in the pot shots of Horse face which is actually pretty freaking funny for whatever reason I Suppose it's because I'm immature, but does anyone know if this is accurate that 38 000 NYPD officers were bought in and it cost the city roughly 200 million dollars like it's if true, that sounds wild. but I was just wondering if anyone's actually seen this like fact checked or if we actually know the numbers because that seems insane Like that. seems like truly truly insane. So I just wanted to bounce that off of all of you to see if there was, um, some sort of fact check involved.

There are other things I Want to go over with this like the highlights from his speech and what the left-leaning people had to say about it with the right-leaning people had to say about it. and then I also want to dive into some real estate updates I Want to talk about some massive fraud that went on with JP Morgan I Want to talk about how there's a big big story getting swept under the rug right now with Johnson and Johnson having to pay almost nine billion dollars? So there's some other things we need to get into, but obviously, dignity. ding ding ding. The casino is open.

Best of luck to all. Play responsibly, if not have some fun because after all, you only live once. All right folks, we're going to watch the market open for the first 10 15 minutes just to see if there's any craziness. then I want to go back and circle to what Trump actually said in Florida after he got back from New York yesterday I Want to let you know what how the left-leaning media is spinning it I Want to let you know how the right leaning media is spinning it then I Want to get into the other major stories that people are kind of just missing right now because the Trump story is just absolutely so dominant.

Just so you know, Bitcoin is trending at 28.5 000 now and Eth is still looking strong. In fact, it got above 1900. so we are seeing strength in the crypto sector. We're seeing a little bit of weakness in the S P 500.

If we were to look at this on the daily perspective right here, we didn't Camp down or anything, but we are close to the low of yesterday. The low of yesterday is 407.24 so I'll be watching for that if it does. SNAP I'm then looking for 404.35 which is the gap fill from Thursday March 30th to Friday March 31st. once again downside.

Gap though 404 35 if if if if we snap the low of yesterday which is 407.24 so let's wait to see how it comes plays out. I mean we're still seeing weakness in Tesla uh I had rum up I was just checking in on some things about it I Made a big update video yesterday about why AMC has been cratering. Um, some of you seem to like it, some of you seem to hate me for it. I'm just speaking my truce my opinion of this situation.

I Don't really feel like I want to be in this game of hope you mean copium and I also don't want to be just like the next sycophant basically looking to suck Adam Aaron's dick because it just seems weird that people are doing that to me. but that's my opinion on the situation. Is there a particular Equity You guys want up here? Like what are the major things that you guys are watching right now? Yes, at 9 45. Shout out to Profit always giving us really quick updates on those numbers.

Shout out to Profit! Um, we are getting that PMI number at 9 45 a.m Um I don't hate you I heart you thank you Robbie Uh AMC Meta I feel FRC is up there. we have FRC we have Tesla um Rome's 11 cents down. Today we have Oxy that's trying to get back above 65. Tesla's falling right there.

Uh, you want Mullen to be on the screen? isn't Mullins still dying? Just a sad death you're watching Molly because you want to watch a murder folks. Don't forget to um txrh you guys want to do a little bit of a Texas Roadhouse watch I'm down crushing it at 109. Uh, how's the dollar? look in it. the Dollar's a little bit of weakness.

uh, Uvxy. we can see what volatility is up to. Volatility is a little flat today. Uh, we have Tesla How about Amazon down Meta actually trying to fight back a little bit? Um Microsoft pushing a little bit Microsoft's been quietly very very strong.

Um, how's Nvidia doing? Nvidia's been ripping dude still hanging out at 270. Camille how's your position doing on Nvidia Should Norwegian Cruise Line be worried since AMC is a sinking ship. Honestly, we could take that joke even farther because Adam Aaron used to be the CEO of Norwegian So there's even more direct ties between Norwegian and AMC then you might think, uh, what's the deal with Texas Roadhouse I work on the road and frequent that place Well, Jonathan I Think you already know the deal. The deal with Texas Roadhouse is the fact that it is the single greatest organization mankind has ever created.

The deal with Texas Roadhouse is that it is Paradise on this planet The deal with Texas Roadhouse is it is in Ultimate money glitch. You buy the stock, the stock goes up. You have money, you have money so you go to Texas Roadhouse you go to Texas Roadhouse frequenting their establishment so the stock goes up even more the way we used to do like R2l1 square up, down, left, right, whatever it was on GTA as we were growing up. For unlimited money, it's like that, but in real life Texas Roadhouse Or die if you're watching this right now and if you do not submit support Texas Roadhouse Get out I Don't want your likes I Don't want your subscriptions I don't even want your ad Revenue It feels like dirty money to me.

It feels like I'm taking money from a criminally insane person If I'm getting a cut of your ad money or sponsorship money or any of that and you don't support Texas Roadhouse so I'm gonna. We don't have to hate each other, but I would ask you to kindly exit because this is simply just not the community for you. I Just want to throw that out there. The nose of Dallas Hate it nose of Dallas Let's just calm down.

We're trying to. We don't want to fight. It's a fake business. You're a fake business darkness Rising Are you trying to say that to yeah? I I Dare you to say that in the Holy Halls of a Texas Roadhouse And let's see.

if you get out a fake business? You're fake. You're you. Wish you, you're not even a fake business. You're you're You're a super fake business.

How do you like that? Laughs Yeah, So we love Texas Roadhouse I Actually don't even own any yet. Which is the funniest part. I Feel like I'm pumping up a stock that I just don't even have? but I will have it. I'm ho.

My goal: My life goal. My monthly goal for this month this year in my life is to own Texas Roadhouse That's my major goal of the month I Want to be honest with all of you I Want to finally get that sweet sweet cinnamon butter investment Have you heard from? Riley Yeah, just classic business conversations. Though our franchise is doing well, we're planning on expanding more. Um, we just we're big fans of Texas Roadhouse Honestly I Hope Texas Roadhouse thinks so I can buy all the shares you know I understand where you're coming from I like that you're wading into Dangerous Waters you're like, well I really love it.

So I wanted to go down and people are like, well, so you want it to go down you're like. but so I want to buy more and like it's bold I appreciate you saying that I appreciate you in such a potentially treacherous environment stating something that's so bold yet is so based in logic and I have to admit I don't disagree with you even though it is by far where's my girlfriend, it is by far the love of my life. Um I wouldn't mind if it faltered a little bit. A quick 10 hit.

so I can buy more. Um, but that's where we're at. That's where we're at Team I appreciate you Texas Roadhouse is the truth. Uh, I actually worked on three Texas Roadhouse builds in the DFW area.

Uh I think that means Dallas Fort Worth I Don't know though. I'm not the best at acronyms, but congratulations to you you were a part of corporate. America Glory I Think it needs to expand on the international scale? That's what I really want to see out of. Texas Roadhouse is a large large not only Global expansion, but I think they need to throw their hat in the ring for an even larger expansion I'm targeting the moon I'm targeting Mars I Think they need to think bigger than just Earth Maddie You are so sweet.

Sit sweet cinnamon butter to my hot buttered referrals. Uh, we're already going off the rails and I Love it. Matt You lost sight of the tulip in medicine? No, No, no, they go hand in hand. Trust me, they go hand in hand.

Uh, the only thing that would make a beautiful tulip field better is a Texas Roadhouse right in the middle. That's honestly I think there's a combination of these two Investments Imagine if every time you went to a Texas Roadhouse you first had to like hike in through a massive like Dutch tulip field I Think they could work or even I mean tulips are going to take off. This is the hot season for tulips. Remember how we were talking about murder? Friday Well, for whatever reason, tulips are strongly associated with this particular time period murder Friday Passover and also Easter itself I Don't really know why, but it is.

So this is the hot time for tulip. so trust me. I'm still following up on the Tulip like the entire tulip Saga I'm paying attention to it I Get folks I Read Tulip daily every single day. Sometimes I get bored and I re-read Old Tulip Dailies.

Your boy's still fully plugged into the Tulip scene. Never Gonna Give You uh Never Gonna Let You Down Shout Out Pizza Appreciate you being in here for eight months wait Christina How long? 21 months 21 months of Cheeto jokes. It's been a wild time. Tulip daily more Will Ferrell type jokes today Will Ferrell type what would how would we explain his type of? Comedy he kind of Screams a lot which I'm a fan of.

My family tries to tell me that Will Ferrell isn't funny and it's the main leading like wedge that's being driven between me and my family is that they think like Will Ferrell's not that funny or sometimes they'll be like oh, like it was all right. um it's just crazy. Hey I took this today. um magic Mind.

So the way we were talking about like neurotropics and the ice cold bath things like the ice plunges yesterday I figured instead of you know, healthy diet, exercise, less abuse of things such as alcohol. um maybe it's not those things that will fix my life like fixing those I don't know if it's that. maybe I need to take weird obscure things like a green gunky drink. Um so today is the first day I Took Magic Mind.

Allegedly it boosts my energy, helps me relax, keeps me focused, and it also gives me happy. Vibes Would you guys argue that a more energetic, relaxed, focused and or vibey today? If you had to say his comedy is finally honed, well-aged perfected over decades, it is beyond compare and we are not worthy. Have you tried? Alpha Brain I haven't tried Alpha Brain but I have tried. Oh no it is literally called Alpha Brain How'd you know? do you live in my studio I Was going to call it on it, but maybe on it is the overall company.

And then Alpha Brain supports memory and focus I Don't know if I seem that particularly focused though. Daily nootropic formula: assist mental Clarity promotes Flow State All right, the only way to really figure this out: Vitamin: B6 L Tyrosine which I think helps with dopamine I think it's like I don't I don't fucking know what I'm talking about Cat's Claw. They put cats called Cat's Claw Extract. How many cats were murdered to make? This is my main question.

Cat's Claw extract: 350 milligrams Fucking Cat's Claw I Thought we weren't even allowed to declaw cats anymore. The price of this stuff is going to shoot up should we go long on nootropics. Cat's Claw extract. That'd be funny.

Is that why we all feel a little bit more feisty? Not enough cats. All right. Basically, we're shorting cats and we're going long on brain medicine. You'll never own a cat.

All right, Let's not. let's not bring that up again. It's not like I'm over that necessarily. I've been banned from the cat community.

Cat's Claw is an herb. No. I'm pretty sure it's the things cats use to climb trees when they're getting scared by dogs. But I appreciate the input.

I've been watching you since May 2021. Your show just keeps getting better and better. like a fine wine. Like a fine cat's claw.

It's kind of crazy if you think about it that cat's claws are used for brain medicine. but then cats paws are used for luck. It almost makes you wonder what else cats are capable of like they're We're just. we get so much utility out of a singular cat out of a singular cat.

Uh, USC WWE I Don't think that's a good thing. People will think that the UFC is fake like wrestling? or do you think it's going to go the other way? Do you think that people are going to think that the WWE is real like the UFC um Noah rabbit's foot is for luck. Silly. Oh wait, did I just make that up shit.

Why if I've been buying all these cats paws fucking now I know why my luck hasn't been working I've been buying the wrong type of Boss son I knew they were lying to me I knew that guy damn I got taken I got all of that cat spa investment completely wasted I mean I have to sell those at a loss I got taken Hoodwinked Bamboozled if you will. oh he's gonna be hearing from me, he's gonna be hearing from me I knew I got too good of a deal selling it on a massive discount I Thought I was buying in bulk I was buying in bulk. Who's your cat paw guy? I'm afraid to give him a shout out. in all reality.

uh, looks like wait, profit? What was the number? the um, whatever report just came out the PMI or the Ism. We just got a report that came out at 9 45 and that's why we saw a little bit of a jolt Nvidia slowly bleeding off. Shout out to: Camille I Believe you have put FRC kind of going flat Tesla Not having the best of days Tesla Actually looks like it's close to a legitimate breakdown at 186. so it's been three red days in a row, but we are coming up to resistance support AKA an important price level, so let's just watch this 186 level in some change.

But um, if you've been playing it ever since, the trendline breakdown Congrats to you. You are making some money! The ADP report came out at 8 30 this morning. Texan U.S March Services PMI 52.6 versus The Flash reading of 53.8 So PMI coming down PMI Coming down I Can't believe I got tricked into buying cat's paws I just feel stupid honestly I just feel like embarrassed. You know all of a sudden this is going to be the thing that haunts me years later.

Win our community and this show is the most popular thing in the Galaxy It feels like this day is going to be brought back and like shown off to the world. Be like he got scammed. He's so stupid He thought a cat's paw was a rabbit's paw and he like wasted like honestly probably my worst Financial investment and that's coming from a guy who owns AMC Jimmy and Doge and Chiba still and yet I still have a worse investment on the books I Just bought too many cats paws. but in a weird way, is it really that like? Okay first of all my major question is do we think that the cat's paw industry could come back? and then second, if it doesn't come back, can I sell the cat's claws of the cat's paws to all these like Mind Medicine things I Just if we get if you guys could just keep this a secret that would be pretty sick.

Honestly like if you guys could just like keep this all between us. um all right like just keep it within the family here I don't necessarily need like more negative press of me. um I I would appreciate that. Make your own mind medicine.

Do you think I could just start selling water like just normal water and just pitch it as like the best thing ever? Be like you should drink eight of these a day. You're gonna feel fantastic. Are you having a good day? A bad day? a rainy day, a sunny day and all right day. Well boy oh boy do I have the product for you Dihydrogen monoxide.

Eight of these puppies a day will clear up your skin, will give you mental Clarity It's gonna improve your like should we just do a giant marketing push for water and just like pitch it as like the newest best thing and be like and be careful with it because if you freeze it and slip on it, you could die like just like make it sound exotic thing cool be like and then if you want to go the other way you could heat it up so much and it'll turn into a mist and you'll feel damp. I think we should just pitch it differently like make it cool and exotic. but really, it's just going to be like Aquafina that I Rebrand as Moon water Moon Dihydrogen monoxide. Um, all right now folks, markets open.

we're going flat. Looks like Tech is a little weak. looks like the banking sector is bouncing a little bit. but right here you have Nvidia trending down.

you have Tesla trending down. or you could just check it out on the queues. The tech sector is performing the worst today. The overall Market is actually doing not so bad.

pretty much flat. The S P 500 is down 0.16 while the queues the tech sector is down 0.7 So Tech thus far this morning is over or underperforming on a relative basis and it's being led down by Tesla Nvidia How's Microsoft doing it down? How's Amazon doing down? How's Apple doing Yeah weakness in the tech sector thus far this morning. Oddly enough, though, Crypto's still kind of holding Bitcoin 28.3 000 you have eth holding above 1900 so that's pretty much the scene of the day here. I'll quickly check in on this so we can just see um as of now in the options Market pretty much 50 50.

so nothing too noteworthy yet in the options Market But it is still pretty early. So with all that being said, I do want to Circle back to the major news of yesterday and probably today of what's going on with Trump So since this is a Morning Show we were kind of like awkwardly mistimed in terms of Trump's evening speech when he he was in New York in the morning. then he flew back and this is pretty much what he had to say. It is a 10 minute clip I think it's important? uh I would love all of your thoughts on it.

Uh, just because this is Major Folks like we're literally like witnessing a historic event in terms of the dirty nature of politics. like it is kind of like crazy to think that we're living through a very important event that could potentially set the stage for how political quote-unquote political battling is done for whatever the next umpteen years. But here I'll speed it up a little bit. Uh, just so we don't have to spend the whole time, we'll go up to 1.25 And now this massive election interference at a scale never seen before in our country.

beginning with the Radical Left George Soros Back Prosecutor Alvin Bragg of New York who campaigned on the fact that he would get president Trump I Gotta get him I'm gonna get him. This is a guy campaigning. You want to get president Trump at any cost. And this before he knew anything about me, didn't know a thing about me.

He was campaigning. As it turns out, virtually everybody that has looked at this case including rhinos and even hardcore Democrats Say there is no crime and that it should never have been brought everybody. Even people that aren't big fans have said it. They said this is not the right thing to do.

It's an insult to our country as the world is already laughing at us for so many other reasons like our open voters are incompetent withdrawal from Afghanistan Where We Left Behind American Citizens 85 billion dollars worth of the best military equipment in the world, Lost 13 magnificent young lives and far too many to mention that are so badly hurt with the loss of arms and legs and facial obliteration. The most embarrassing time in our country's history in my opinion, then our give up on energy Independence and even energy dominance. We're going to be dominant within six months more than any other Nation times two. We had this all just three years ago.

our raging crime statistics if you look in democrat-run cities numbers the likes of which we have never seen before, the open threats by various countries of the use of nuclear weapons something never mentioned or discussed by outside Nations during the Trump Administration in which could very well lead under the Biden administration's leadership to an all-out nuclear World War III can happen. We're not very far away from it, believe it or not, an economy that has been crippled by the biggest inflation we have seen in more than 60 years and a military that I use to defeat Isis In four weeks they said it would take four years four weeks to kill Al-baghdadi and Solomani that has now gone woke at the top Levels by trying to indoctrinate everyone down to the lowest ranking Patriot But now they have really stepped up their reference Market Popping indicting positive text still looking the United States who received oh, 75 million votes which is more than any sitting president in the history of our country. And in the wings they've got a local races Democrat District Attorney in Atlanta who is doing everything in her power to indict me over an absolutely perfect phone call even more perfect than the one I made with the president of Ukraine Remember it kept saying that's a perfect call. this one was more perfect.

Bye sir, you shouldn't. You can't have something more perfect than perfect because of something appropriately said. just to throw that, nothing was said wrong. In fact, at the end of the call, we agreed to continue our conversation about election fraud and election fraud.

Specifically in Georgia At a later time, many people on the phone, including lots of lawyers. Nobody found anything wrong with that perfect call until a book promotion tour. many months later. All of a sudden, they say you know I Remember Chop making a call? Let's look at that.

This fake case was brought only to interfere with the upcoming 2024 election and it should be dropped immediately. I Just don't see how this could stick. Doesn't seem like it has enough bite to it. Then you have a radical left lunatic known as a bomb thrower who is harassing hundreds of my people day after day over the Boxes hoax.

You know, the Boxes hoax as we call it. Just so everyone knows. I Come under what's known as the Presidential Records Act which was designed and approved by Congress long ago just for this reason under the ACT I'm supposed to negotiate with Nara the National Archives and Records Administration which as of this date is a radical left trouble making organization that red flags the Constitution of the United States and the Bill of Rights says dangerous and triggering. Can you imagine? This is what we have to deal with, but there is no criminality under the Presidential Records Act That is not what it's all about.

We were negotiating in very good faith proper way in order to return some or all of the documents That I openly and in very plain sight brought with me to Mar-A-Lago from our beautiful White House. Just as virtually every other president has done in the past. when FBI and Doj officials with narrow with here I told my lawyer to show them the very secure storage room in which they were locked. The FBI cell request in writing was could you please put another lock on the door We immediately complied.

It's a lot different than the Biden situation isn't it? The next thing I Know we were rated by many gun toting FBI agents who took whatever they wanted including my passports and medical records. Everybody was in shock. Nobody had ever recorded such a raid before. Can't even believe it.

Who would think that that could happen today? This is the first time that he's been speaking since that arraignment in New York Today they're hopping in here. You kind of get the vibe of it. Um, obviously he had a large supporter base there. You heard it from the Hooten and hollering.

That's kind of the vibe of it, but just to be a little bit more balanced. I Wanted to let you know with the exact opposite side. the people who hate him said this is Rachel Maddow from MSNBC is making remark tonight from his home in Florida As far as we can tell and what we're prepared for here is that this is basically a campaign speech in which he is repeating his same lies and allegations against his perceived enemies. It is just getting started.

Um, so far, he's just giving his normal list of grievances. We don't consider that necessarily newsworthy and there's a cost to us as a news organization of knowingly broadcasting untrue things. So our deal with you is that we will monitor these remarks. If he does say anything newsworthy, we will turn them around and report on that right away.

But for now, just know that it's happening and we're not taking it, is making remarks and we're not taking it now. Obviously this is going to be something that is left to the historians to write about to find out because like she's saying broadcasting untrue things and lies and I don't know if any of that's necessarily been definitively proven with like respect to what's currently going on. but my point is she has some balls to say that the amount of times people have done side by side comparisons of things that Rachel Maddow have specifically said that then has later proven like there's so many out there there are people who dedicate their lives to watching MSNBC just to show how wrong Rachel Maddow is now. I'm not saying she's the only woman.

Could you find things that are incorrectly stated on everything CNN Fox Whatever. CNBC Totally. but I'm just saying like for her because we listen to her comment just now like we can't broadcast untrue things we can't broadcast lies. Listen lady, you are throwing stones from a glass house right now because seemingly every other day people are putting together compilations of the times that MSNBC has lied and told untrue things.

So I found that to be a a little bit humorous I suppose because like I mean recent what was the big one um it was involving Russell Brand and how he got in trouble with the YouTube because he like misstated one thing about like a Pfizer study and then he kind of cuts over and he got in trouble with YouTube and understand YouTube hates independent reporters. um so even here I view myself to be an independent reporter in the world of Finance there are certain things that I have said that have got me in trouble. For example, I've watched videos on Twitter that have related to project Veritas and I officially have like issues now with YouTube and like you can see it like they say they don't Shadow ban they say that they don't like throttle you bullshit. They obviously do.

but if a news organization says it such as MSNBC they let him go. They let them say what they want even if it's proven to be wrong. even if it's proven to go against whatever the who, if it's proven to go against uh, the CDC it does not matter if you are an established media organization. basically you're gonna be in cahoots with these large platforms such as YouTube and you are treated very, very differently.

You were given much more leeway and I don't know. Am I Particularly filed up fired up about her. Yeah, another report just came out 10 a.m Uh, profit? do we have those numbers Or anyone lips or up and then down? well. hello, They did not like that report.

Holy shit, we're we. Almost We just within seconds. Talk about price stability. Uh, within seconds we hit a new intraday high, but we were a couple cents away from all.

so simultaneously hitting an intraday low. That's uh, that's the price ability of the U.S market for you within seconds. Well, let's see which way that breaks any any bold thoughts. Any bold thoughts in here of if we're gonna have a green day or a red day I Mean volatility is incredibly high right now.

Red or green, What's everyone's guess? um, us ISM Services Uh, 51.2 Expectations: 54.4 So everything's coming in under today. Prices paid 59.5 versus oh previous was 65.. So everything's coming in under expectation today. But remember, that doesn't necessarily mean the market up or down.

It's almost like we're in that inverse world of if we get a good economic report, the market goes down. a bad economic report. The market goes up because it's all the interpretation of how the Fed's going to handle. If the economy is looking a little bit more rough, well, they might stop their rate height cycle early.

But if the economy is looking good, they don't have much of an argument to not be fighting inflation aggressively. that's how it's interpreted. But remember, there's other major ways to fight inflation that I feel no one's talking about. Everyone's just talking about the FED fund rate.

And yeah, that's a legitimate way to fight inflation. But you know, another way to infight inflation is government spending. We're spending. Uh, what was it? Like six point or seven point something trillion dollars a year.

That's another massive money inflow. So if you're trying to fight inflation, you can just curb government spending and that's a big. Honestly, that's a larger argument right now with the debt ceiling of okay, we're gonna rate the Republicans are basically saying we will raise the debt ceiling to help out with the current issue, but we need concessions in terms of the rampant drunken sailor-esque spending that's going on. and I I just don't seem.

Speaking of mainstream media: I Don't see mainstream media picking that up as a legitimate way to fight inflation, but if you crack in open any economic book, any monetary policy, book, any fiscal policy book, it will bring that up as a legitimate way to fight inflation. But yet we don't. They don't want to talk about it. and I don't know this for sure.

but I have a feeling that they don't want to talk about it because it just like isn't necessarily the best for their clicks and their click bait and all that stuff. Uh, for them, it just for whatever reason. they must have done an analysis on it that it's easier to just simply focus on like the Fed and monetary policy and interest rates and pump that to like everyone who's paying attention. And I'm not saying that's wrong.

Yes, that's another tool, but you could also just cut government spending or you could do both simultaneously and maybe the pain will be defrayed throughout every like situation. So that kind of blows my mind that just we're not talking like I Have not heard on mainstream media Finance mainstream media them talking about finding inflation by cutting government spending. They'll talk about it in a different lens of just like a political left versus right and they'll leave it at that of the debt ceiling and the implications of if we don't raise it or if we blah blah. But no one seems to really be drawing that connection with inflation.

And if I I actually find it pretty confusing that they don't why is rum gotten beaten down since earnings which were really good, um, the same thing. anything goes down or up. It's just there's more aggressive selling than buying buying than selling. This is just a thesis, but you could have those original pipe investors getting out.

Um, that's oop. The Spy just tagged a new intraday low. Uh, it could be those guys getting out. maybe I don't know their book like it.

You have to know the mindset of the big players in this situation. And right now it's kind of conjecture of who the big players are and do they need money for something else or are they just locking in their gains? Um, it's all that stuff. But in terms of fundamentals, Rum is crushing it. I Mean we saw massive, massive growth in all of the major metrics that anyone should care about.

but once again, the vagarities of the price movement from day to day, week to week, month to month. Uh, I don't care I mean of course I love to see it go up and I don't like to see it go down. but Rum is an investment. For me, it's not an active trade.

I'm not in this for the day, the week, the month, the quarter of the year. I will be in Rum for multiple years I'm not actively trading him. This is a multi-year thesis of I wonder if they could become a massive, legitimate competitor to the likes of whatever Twitch and YouTube right? Maybe media in a general sense or Platforms in a general sense. Uh, so for me, Yeah, of course I wanted to see it go up and I can give conjectures about why it might be going up or down because after the earnings, you could tell the market loved it because it ripped 30 down right now.

Okay, there's aggressive selling so the question is, why is there more aggressive selling than buying? And this is where you're kind of getting in just to like a random thesis and like if you look at their SEC filings and the fact that they came from this back, it could just be pipe investors I Don't know if it definitively is I'm just throwing out a guess but once, like you're not gonna have unlimited selling from pipe investors, eventually all the pipe investors are going to get out and then you're like kind of done with that phase. um, but I'm still in rum I Have no plans to sell it anytime soon whatsoever. If I do do anything, it'd be getting more shares and then selling covered calls against it. A little bit more of an advanced options trading strategy just to lower my cost basis, but I would If I If I do anything with rum, it would be to get more rum.

Um, did you say Rum? A pipe investor I barely even know her. That's a good one. That's a good one. All right.

Um, just in terms of macroeconomic updates, real estate just very quickly. Lack of home listings is taking a toll on mortgage demand. Mortgage applications to purchase a home drop four percent Last week compared to the previous week, new listings were down 20 year over year March and the total inventory was about