Foreign. Thank you Foreign. Thank you Oh brother oh brother oh brother, let's get rocking. Welcome back to another episode of the Matt Core show.

I'm Matt Cores, you are the show and today is Wednesday August the ninth is it the ninth? I think it's the ninth I don't know I'm happy. honestly I think I deserve a round of applause for just knowing that it was Wednesday But I think it is the ninth so we're just gonna go with that. and if it isn't the ninth, Dome Don't tell me otherwise because we'll just pretend today is the ninth Folks Folks folks, if it is, Wednesday Pretty sure it is happy hump day. We are about to be halfway halfway through today.

we are halfway through the week and maybe just maybe you're having a phenomenal week in the market. Maybe you're the Degen in here who caught the market sell-off in the morning yesterday and then wrote it all the way back up in the afternoon yesterday. If you did, congratulations to you I personally didn't but hey, that's because I'm absolutely horrible at this game. so maybe I'll be able to make some of those dineros back today, folks.

I Do want to do a breakdown of some charts and it seems like there were some positive reception to this concept of me doing like the chart breakdown in these: Power Hour Streams of here's what I'm looking for. Here's what: I'm not looking for that type of a thing. Here's how, uh, theoretically today could have been perfectly played. risk, reward, all that good conversation.

So yes, I want to look at charts I Want to talk about seasonality I Want to talk about the macroeconomic report that's coming out today? We just have one, but tomorrow and Friday will be exciting in terms of macroeconomic reports. But fear not, today is not just going to be boring because we had a bunch of earnings last night this morning and also today after the market closes. So big discussion in the world of earnings and actually kind of a big update in the World of Sports content creation sports betting. Uh, so if you're looking at it, pens up early this morning while DraftKings is down and there's a new partnership between Penn and ESPN and borrow stool being repurchased by Dave Portnoy So he's now once again for I Believe The first time in a decade, he's now the 100 Equity owner in Barstool So big updates there in that world.

So I want to get into that I Want to get your thoughts on it? We have some wild updates from Wework I Don't know if you guys remember Wework, but it was Adam Newman's company and it was pitched as a tech company, but really, it was just a normal office rental leasing company. Uh, looks like that's about to go belly up. For those of you who are still paying attention to Carvana Cvna having a pretty good morning, Pretty good earnings report. Rivium Not moving much in terms of its stock, but said some interesting things in its earnings report.

so lots to talk about. And I Also want to talk about one interesting Way That Wall Street is trying to get away with things that they shouldn't be getting away with. and they recently have been getting caught by sending messages that shouldn't be sent on applications they shouldn't be using. And now there's billions and billions of billions of dollars of big fines, so maybe we'll touch on that in a second.

Um, we don't care. Cat name? uh well. you've been late to class because people in here know the cat's name. It's Piper her name's Piper Where is she? Piper I Don't know.

she was just in here a second ago. Um, but no, that's definitely a demerit for you because it tells me that you've missed stream over the past two days. Um, but she's awesome. Dude, she was bad last night.

she was bad. So it goes like this: We were and we watched um, the new Lincoln or the second half of the second season of Lincoln Lawyer on Netflix it's a fine show. I I Don't think it's anything special. If you guys are looking for like, a whatever episodic type of show like it, it's fine.

Like yeah, I don't It's good. It's not good. It's not bad. It's in the middle.

It's a show that you're like. okay, cool I need to watch something anyway. Piper and I We were watching that last night and I had to catch her up on the first season just so she could understand some of the through points and we had a good night. We watched TV shoe enjoyed it.

we gave her some food, everything seemed to be good and she's a kitten so she sleeps at really weird times and most of the night she was sleeping through it and I was like oh man, like we're getting onto a good schedule. It's easy to crush this like fur baby parenting thing like I'm absolutely annihilating it or so I thought. Instead, she woke up around two or three in the morning and just declared war on my feet like it didn't matter, but she was clawing him eat like biting at him. It didn't matter if I was under the blanket above the blanket, she was having absolute war on my feet in my ankles.

I'm like dude, you need to stop So anyway, she didn't stop because she's a kitten and I don't think she speaks English I'm really really starting to think that she's a little bit. Maybe I think it's Spanish I've been working on a little bit of Spanish with her and she seems to react a bit better. So I think she might be from like a Spanish household or a kinship. but anyway, so get her outside of the bedroom.

I'm like, all right, just go on the couch, do whatever you need to minutes later in a fit of anger, a fit of rage I just hear crashing I hear just I'm like oh no, what's going on, what did she do? what did she break and then I get up in the morning and I go out and look and just we have like a spice rack or salt pepper and just this big spice rack on my table and she had just yeeded that thing right off the table. I Feel like a lot of cats end up like doing that thing where they like slowly push one thing off the table Piper doesn't do it that way. She looks for a conglomerate of spices that she could just in one foul swoop push off. So that was the crashing.

It was all the spices that I use for cooking so they're gone and broken and shattered. But hey, I guess that's what life is. So anyway, yeah, that's why I don't know where she is. She's probably napping.

She likes to nap during the start of the show because once again, she's a child and she needs her sleeping time. On that note, we should probably start talking about the market if that's cool with everyone or if you guys don't want to talk about the market we could just hang out with Piper for the next 23 minutes we actually have to do no prep I mean we're all expert Traders So really, what's the point if you're gonna crush it today and I'm gonna crush it today if we're all gonna crush it. What's the point in a lead-in to the market when we could just hang out with a kitten so we we could do that actually? I'm thinking one day of the week it might be appropriate where I'm just not even on the show like I'm starting to think that five working days out of the week is a little bit too much to me. I'm more of like a three to four kind of a worker.

Um, so I'm thinking one way I can keep the show going but I don't have to work is literally just put Piper on camera and I'll just whatever she does. you guys can watch and I'll just like take a day off. Um, so one day of the week you guys are gonna have to let me know which day of the week. I Am a little bit worried because I'm fearful that you guys might just like her more than me and then all of a sudden I'm out of the job and I guess that's just a risk I'm willing to take.

Um, it's a risk I'm willing to take especially because like I think she'll lose some people. Her meows definitely have a little bit of a Spanish soundtrack I'm pretty sure she only understands Spanish So for my Spanish speaking and listening audience, you'll be fine. Uh, but for people in here who don't know Spanish who are not bilingual at a minimum I Think you'll be wanting me back I Don't know. Just something to talk about, something to consider so just want to throw that out to everyone.

But if you do remember in here, let's see who's paying attention I know a lot of you in the morning stream. Uh, just for whatever reason, skip the afternoon class. Um, but the afternoon class from yesterday Piper Called out a specific level for spy. does anyone remember it? Legato wouldn't it be? Gata Anyway, in her case, but we're not going to be the Spanish grammar police in here.

Uh, does anyone remember Piper's call out because it already hit Piper Called out 450 when the market was wrapping up around whatever. We closed at 448.75 She was calling out the previous highs and she kind of annihilated it. So Piper on fire. Currently one for one and this is why she's the lead macro analyst here at the hedge Fund.

Here at the Matt Core Show Hedge fund. Um I think you mean policia Felicia Felicia Demerit For me, skip class. it happens. Um I Honestly think the bigger problem or the bigger positive thing here is not the problem itself.

it's the fact that you acknowledge it, you took care of it and we're gonna move on. So I appreciate that. Uh, show us your completely real kid. She is.

Man, she's doing cat things. She's she's doing cat things right now. she'll she'll be here at some point. Change, Uh, through the Matt Paws show or we riot.

I Like that, stock features rise as Wall Street tries to recover from Tuesday's losses. Well, we actually had a pretty nice recovery anyway. So we opened up yesterday at 4 48, sold all the way down to 445 and some change. almost the start of this downside Gap though, but as you can see from the large Wick it was basically a fake out breakdown from the low of Friday August the 4th fake out breakdown is inherently bullish and we bounced back up.

and I thought because when you get this fake out seems reasonable that you might want to go test another level of liquidity which happens to be the high from Thursday the opening value from Friday the high from Monday The high from Tuesday seemed reasonable to be testing 450 451 and that's essentially where we got in pre-market trading. How high do we actually get? 450 62, 450, 63, 456. So a little bit to go and I'm still actually optimistic for that to be hit this morning. but let's wait for a second and just see how the market really ends up opening up.

China deflation provides limited relief for Global Central Bank So as we've been covering now for a couple weeks, couple months, we know that China's economic situation does not look the best. Um, I don't know how many of you are actively trading Chinese names or currencies or anything like that, but obviously whatever's going on in China does commonly have Global ramifications. so it's a story that we should keep paying attention to. So anyway, their economy not looking the best, especially if you consider the import exports.

Um, just talking about demand. Really From yesterday, that report came out not looking the best. also on the global front. similar to what happened in the U.S Is this ever going to load? Hello, there we go.

Italian Bank Stocks rebound as Government Waters down windfall tax So Yesterday Italian Banks took a big hit and had to do with taxes and also USA Banks took a big hit because of the Moody's downgrade. But if you look at what happened, there was a strong Rebound in our market for our banks and also the same thing happened in Italy. So when at the start of the market, well really the European market Norm is obviously two separate times pretty large hits. Things were looking bearish at open and then even it played out that way for a couple hours.

but similar to the US, the Italian Bank sector ended up beautiful rebound. So that's kind of your update on the global news. Now let's bring it into the U.S Uh, hang on, let me just make sure that I have everything I need because I think this is actually going to be a pretty fascinating story. So hold on for one second.

we have some pretty big news in the world of Sports sports content generation. Sports Gambling across the board Whether we're looking at it as like a lower level of just content creation, a singular video all the way up to actual big movements and big deals in terms of stocks and companies. So in case you missed it, this is a little bit of breaking news: ESPN launches Sportsbook in partnership with Pen Entertainment. So Pen Entertainment formally very much the owner of Bar Stool Sports So Barstool Sports a brand that all of us know many of us enjoy.

Obviously hilarious. Antics So Barstool went from being Barcel individual to Turning group and then from turning group into Pen Entertainment Pen Entertainment. It's a big big gambling conglomerate. they have a lot of physical casinos and Barstool ended up being kind of its digital sector and then from there they helped build out Barstool Sports books so that was very much getting into the regulated.

World Well anyway, Penn recently reported their earnings and they announced that they are actually going to be partnering up with ESPN. Once again, a little bit of a seismic shift ESPN is getting into sports betting with Pen Entertainment Walt Disney Codes ESPN has signed a long-term exclusive agreement with Casino operator Pen Entertainment, lacing its brand for sports betting and deepening the media's giant ties to Growing online gambling business. I Find this interesting for a myriad of reasons, but one of them that we should talk about. especially because Disney itself is about to report their earnings.

A lot of people when they look at Disney and everything that that giant conglomerate owns ESPN is actually one of the most attractive assets and this in my opinion and just seeing the explosion and popularity of sports gambling I think this is striking the brand that much more. Anyway, Penn will have the 10-year right. This is a decade-long deal. the 10-year right to use ESPN Bet name in the U.S The company sent in a statement Tuesday pen will Rebrand its Barstool Sportsbook with ESPN starting this fall.

So Pem owns many things. they had Barcel Sportsbook but now it's going over to ESPN Bet and Portland way Barstool they're out Penn Also said Tuesday it's selling all of its Barcel Sports Inc subsidiary to Dave Portnoy So the guy who made it is now buying it all back. Penn Entertainment sells Barcel Sports back to founder Dave Portnoy And here's exactly what he had to say on it: Okay, emergency press conference time may be the biggest Mercy press cars that we've ever had here at. Barstool Sports Um, where to start? Pattern Entertainment in Barstool Sports Have gone our separate ways as of this moment while you were watching this video I have purchased back Barstool Sports from Penn So that is right for the first time in a decade.

I own 100 of our soul Sports Not since the Turning deal have I been in total control of everything. Um, why did it happen? How did it happen? Well I think Penn who I have nothing but great things is I've said that all the way along with the Penn relationship I have nothing but the most respect from Jay his whole team. Everything We did this deal about three years ago and I think both parties are like we're going to take this thing to the moon and we underestimated just how tough it is for myself and Barcel to operate in a regulated world where gambling Regulators the New York Times Business Insider hit pieces fucking with the stock price. Every time we did something, it was one step forward.

Two steps back. we got denied licenses because of me. you name it. So, the regulated industry probably not the best place for Barstool Sports and the type of content we make Penn was able to broker an unbelievable deal with ESPN We wish them nothing but the best in their Endeavors is truly a win-win I still own a ton of pen stock I'll probably hold it because I think it's going to go up.

but more importantly, I am not a financial advisor for the first time in forever. We don't have to watch what we say, how we talk, what we do. It's back to the pirate ship. and by the way, I am never going to sell Barcel Sports ever I'll hold it till I die and when I die I'll give it to Dan or Kevin who's ever left standing.

If their kids are still alive, they'll get whatever we will pass it down. This is now going to be a place for content Content content content every time. I think I'm out. they pull me back in.

That's right. I'm not going anywhere Barstool Sports the pirate sip the Cannons they will plunder from now for the next hundred years. so welcome back back in control. So obviously on that it was a couple things to dive into.

First of all, I think that's actually really good for the Bar Stool brand because they were running into a lot of Regulation issues. So the fact that they don't have to deal with Regulators the fact that they don't have to deal with publicly traded equities, they can now make whatever they want. Obviously there's been backlash in the past about some of the decisions the company has had to make because they were under the scrutiny of regulators, but now that they're not going to be, it's most likely going to return to. how many of us think about the OG bar stool setup? Uh, will it be exactly that? No.

I think it's going to end up finding itself in the middle. but anyway, I'm personally excited in it. I'm not the biggest Sports person out there, but I definitely do look up to the bar stool team just because they are a Content creation like Giant. So obviously for business purposes I think there's something I could learn and I know a lot of us just enjoy their content because a lot of it is funny content.

Now from the point of markets and everything like that, this like I alluded to before in my opinion, will do nothing but strengthen the ESPN brand which is now under Disney I'm curious what Disney's gonna say about it because they're about to report earnings and if anything, everyone wants to know what's going on with ESPN because it's one of the most valuable assets under Disney. On top of that, we see Penn going up now on this news and because there is strength in competition, we're actually seeing DraftKings take a bit of a hit. So in the world of equities, yes, we're seeing a bit of strength in Disney, we're seeing a bit of strength in Penn and we're seeing a bit of weakness in draftking. So obviously I think there's some social ramifications I'm excited I would love for Dave Fortner to bring back Ddtg what's it? Davey Day trader Global It was hilarious.

It's some of the best training. Hilarious entertaining comment out there I would love for that to come back I don't know if it will so I'm excited to see where it goes, but from the investing trading standpoint, there's some opportunity here I Want to see if Disney and Penn continue to show strength and I want to see if draftking continues to show weakness. On that note, obviously I love all of your thoughts and inputs, but kind of a big update in the World of Sports content in terms of content in general, in the world of just regulations, this is a little bit of a shift in sports content, gambling, and everything else in between. So on that note, definitely let me know your thoughts here.

We'll get back to this other thoughts that are just crazy things going on from 40 billion to going concern. we work warns of possible bankruptcy now I don't know how many of you caught the show was it on? Apple I think it's on Apple I think Apple got the one for wework Adam Newman this is the and it kind of became a little culty but we work with the concept of like okay maybe you just need a little bit of space in an office kind of and you can rent that out. Uh so really inherently the business was in the world of real estate but then they tried to pitch it and SoftBank got taken for billions on this deal. SoftBank really drank the Kool-Aid on the fact that this is a tech company but it's not a tech company and it was never a tech company and a lot of people fairly called this out from the start.

but anyway, it was getting valued as if it were a tech company and then the wheels came off and this train is now actively crashing. So we work, uh, might be we broke pretty soon. We worked Tumbles after raising substantial doubt about future. This thing looks like it's it's going to be chapter 11 bankruptcy.

probably soon. We work shares plummeted more than 25 percent in extended trading. Saying there is substantial doubt about its ability to continue operating, the company decided to sustained losses and canceled memberships of its office spaces. The co-working business will focus over the next 12 months on reducing rental costs, negotiating more favorable leases, and increasing revenue and raising Capital, but probably will not be able to pull it off.

The warranting comes mere months after Wework struck a deal with some of its biggest creditors and SoftBank to cut its debt load by around 1.5 billion in extended other maturities. It's bonds traded deeply distressed levels. The company's 7.875 unsecured notes due in 2025 last change hands for 33.5 cents on the dollar. There is not much optimism in the this company being able to save itself.

Brivian raises 2023 EV Production guidance post narrow than expected quarterly losses. So even though Lucid very much. Miss Rivium heads down a little bit right now. in all reality, not much of a reaction like it went down popped up.

It's pretty close to where it closed out, but really, from a fundamental standpoint, some positive things were definitely said from the company. So worthwhile to pay attention to I'm definitely not the biggest rivian Trader out there, but I like to know what's going on in the world of Evie Speaking of course, Carvana boosts profit forecasts. As turnaround gains momentum, Carvana is definitely squeezing out shorts. I'm still not the biggest fan of the company.

From a fundamentalist perspective, it really is a question of capital efficiency. We all have a finite amount of money unless you're Jerome Powell which I Don't think he watches my show anymore. But to me, since you have a finite amount of capital, you have to be specific with where you put it. And in terms of my investing, I'm not going to be investing in Carvana just because I think there's better opportunities.

Now in terms of a trade, we know there's a lot of people betting against Carvana. It's recently ripped. I mean it went from seven dollars all the way up to 57. And on this report now, you can see that it's up another seven percent in pre-market trading, closing out at 44.

currently trading at 47 on truly a truly good quarter. so this is an interesting play, kind of like tup. Tupperware Right now, we're seeing certain equities that the Shorts betting against. that.

Equity They're definitely feeling a bit of pain, so probably something worthwhile to pay attention to. Sony Raises forecast on Playstation gaming growth, but profit dropped 31 in the first quarter. so I just wanted to cover this because it's one of the big earning names that came out recently. Roblox double Miss I don't know where my article went on Roblox but Roblox Rblx, uh, down considerably.

Where are we at? Down: 12.8 closed at the day at 37.74 currently trading at 33 getting smoked in pre-market trading. Now after the market closes today, we're going to be hearing from Disney this is the final Mega company to be reporting for this particular earnings season, but also I'll be paying attention to win Resorts Just to know what's going on in the world of gambling the like: I Like to know what's going on in the casino reports because I think it tells us a lot of how comfortable people are with their discretionary discretionary income in one way or another. So I'll definitely be listening to that. but the interesting one, at least in my opinion, truly is Disney I Want to talk about the SEC and 2.5 billion dollars worth of fines? but we'll come back to that after the Market opens.

What? I need you to know that is for today Wednesday August 9th at 10 30 in the morning an hour into the market, we're going to be getting crude oil inventories, so I wouldn't be surprised if there's a little bit of a jolt in the overall market and definitely in crude oil itself. Tomorrow is when the macro economic party really gets started an hour before the Market opens, we're getting it. the CPI report. It's the inflation report, the Consumer Price Index report.

So yes, we will be streaming early to catch all of that. and then on Friday we're getting the PPI report, which comes out once again an hour before the Market opens to get ready for today. I Just want you to know that Wednesday August and the 9th this day historically slightly favors the Bears Started off bearish, got more bearish, popped up, went neutral. once again, bearish.

So it's not the most bearish day we've seen in terms of seasonality, but I would say that the Bulls are running into a bit of headwinds today, but nothing too crazy. nothing to run home to. Mom About five things you should know before that belt goes dingy ding ding ding today. Wednesday August The 9th downgrade weighs down.

So this is talking about what's going on with some of the banks. the small to medium-sized Banks getting downgraded by Moody's and then there's medium to large size banks that are on deck for potentially getting downgraded. We covered that like at nauseum, so there's no reason to really get into it. Uh, and insight.

So this is from the Philadelphia fed President Patrick Harker Basically alluding to the fact that the last Fomc rate hike the one we had about what two weeks ago uh, whenever that was end of July could be the final one for this cycle. So The the it feels like we're seeing the light at the end of the tunnel. Credit card debt. We covered this yesterday, but in the US we are officially over 1 trillion.

I'm not saying million I'm not saying billion I'm saying we are officially over one trilly in debt. That's just that has to be that has to be a ticking time bomb That can't be good Weworks morning. Yep, I think it's a matter of time before they go out of business and un condemns strikes. So um, just obviously, that whole mess over there is still ongoing worthwhile to pay attention to, especially if you're trading Commodities especially if you end up trading oil and or wheat.

Definitely worthwhile to pay attention to what's going. uh over there on the conflict with Russia and Ukraine Now now that I have about a minute What I'm Looking For What I'm Looking For What I'm Looking For In the Spy we've been recently pushing up and then ever since July 27th we've been trending down I Want to point out how yesterday I like this Candlestick pattern. Uh, just a good learning opportunity but also tradable opportunity. We basically had a breakdown this low right here at 44627 we broke down.

It looked as if we were heading to this Gap field down here at 443. the high from Tuesday July the 11th. Even though we broke down, there was a strong recovery. That's what you see with this big wick is which basically in my book means oh okay, there's a real shot of a reversal here.

So I'm basically, even though we tested it in pre-market my base case is still the market trying to check out the supply and demand levels at 451. I Want to see the market continue up to here, test it, and reevaluate. If it pushes through then I'm looking at for 453. If it gets rejected, then I'm looking back here at 448 447.

That's my base plan for the morning. My base plan is leaning bullish I Know seasonality is leaning a bit bearish I am leaning bullish just because of the price action and basically the candle structure that we were given yesterday. Now if the market just vomits right out of the gate and we just end up nose diving, obviously I can always switch my opinion. I'm just saying before the Bell goes dingy ding ding ding today.

my base case is for the Spy to go up until 450 451. Reevaluate that key level just because we had a fake out breakdown yesterday when you have a freaked out breakdown that is inherently bullish. but once again, I will be sitting on my hands for the first 10, 20, 30 minutes I Want to see how the Market opens up I Want to see how the bulls and bears are positioning themselves especially because recently there's been a lot of chop and I just don't want to get caught up in that chop. So on that note, the casino is open.

Best of luck to all. Play responsibly if not, have fun. let's get rocking. Let's get rocking now.

I Know I Didn't ask you in time, but granted, it is just the market open right now. How are you guys feeling on the day the Spy is currently trading at 4 49. My question to all of you is, do you think the Spy ends above or below 449 by the time the closing bell sounds itself off? So from now till 4 pm Eastern on August 9th do you think we'll be above or below 449? Are you bullish or bearish on the day? Are you feeling green? Are you feeling red? What are you feeling? Let me know. Maybe Should I just start a poll above above above Dixie is going down right now.

Interesting. You'd expect the slide to pop a bit more bull red red below, sideways, down below above. You guys are about 50 50. Interesting.

It's always interesting to see where the whole chat's at here. I'll get a poll running I'll get a start a poll Vibe for today. green or red? All right. Well, while I'm waiting for you guys to answer that poll and also while we're waiting for the market to open up and really kind of just see some positioning on the day, I Do want to give a shout out to today's stream sponsor: I'm talking about Street Beat my personal favorite Robo Advisor your AI co-pilot to invest in the stock market.

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Now obviously they have strategies beyond that, such as bonds such as top government contracts. They have various ones, and of course you can make your own. But check it out! Shout out to Streetbeat for sponsoring today's stream once again pinned to the top of Chat in the description of the video. When you're signing up on the very first page, put in that referral code Matt You'll get a free month and the Market's looking a little red.

A little red. 10. Disney Well, technically, well, Penn's up 13. That's actually a pretty nice gain right now.

I Don't want to hide too many of these. so anyway, Pen is up 13 percent. The cues are break even. Right now, the Spy is up by about 20 cents.

Maybe a bit of a recovery right here. Maybe a little bit of a recovery, uh, time frame? We actually recovering out of this? All right. let me get this set up: Disney Can how's Carvana looking this morning? What's moving Carvana up 5.5 Tup Tup is down three percent right now actually not holding five dollars dkng DraftKings down six percent, but making a recovery Apple Apples in the Green but kind of got hit this morning Microsoft sideways Tesla Selling Tesla below 250 going from 251 down to 248 Nvidia selling from 443 to 438 Netflix selling from 440 50 to 438 Meta going a little sideways Amazon slightly drifting down So this is how we're opening up today. Obviously, the first move is not necessarily indicative of what the full day is going to be, but not necessarily the best opening.

Uh, pre-market action was decent for sure. favored the Bulls but as of right now, nothing. nothing. Tutu, Rblx Roblox getting smoked dude Roblox is getting schmote.

it's getting smacked. um Matt Are you still looking spy to go to 451 today? Hi? I am um but I haven't played it yet because I haven't seen a good entry opportunity so that's what I'm looking to play out but I'm not. Um, like my money isn't where my mouth is at this moment. First of all, I want to wait for those first 10 20, 30 minutes to play out and then beyond that I want the nice risk reward setup so it might not happen I'm given the odds of this playing out a 50 50 shot, but even if it does play up, there's a chance I don't get into it if I just don't have a good good risk reward way to enter.

Um, so we're just kind of waiting on that kind of waiting kind of waiting actually speaking as we're waiting. So um, first of all, I need to premises with all of my content that's on YouTube is on Rumble and then Rumble itself gets some of its extra videos. Uh, and that just has to do with like the notification system on YouTube Recently because of this system on YouTube I've decided to put some of my evergreen content on a new channel and then this channel. The Mac Course Live channel is more for like my live and my daily updates while the other one is more for videos that are relevant to watch whenever.

So I was thinking about this of making a video of Futures Trading versus options trading. Now the reason I want to do that is because I know. Option trading right now is massively popular, especially like the degenerate zero DTE one DTE Just like the high flying type of stuff you guys saw me doing it in the month of July just like making and losing tens of thousands of dollars a day. It's the definition of degenerate, but you also see me trade Futures and Futures just doesn't have the same notoriety like when people talk about trading.

First of all, they commonly think about stock and then from there they probably think about options. From there they probably think about crypto and then from there you have the people like it's a smaller group of people trading Forex and Futures and in reality Forex might even be more popular than Futures themselves In just like my anecdotal of like what I see people talking about on Twitter and Reddit but with that being said, there's a soft spot in my heart for Futures Trading Because that's when I got into the world of algorithmic trading. Now for me, the only reason I got into the world of algorithmic trading with Futures is because I could get futures data for free. When I was in college and I was a poor college kid, it wasn't like when I was getting into it I'm like oh I need to be a future Trader I didn't know what Futures were all I knew I was like oh I want to be an algorithmic Trader and then I looked at the cost of data sets for all these different markets and I was like oh I'll do this thing called Futures because it's free so it wasn't like I started off my algorithmic Futures Trading career because like I knew something special about it by like by any means it was just free.

But since then I've actually come to the conclusion that I think future trading is better than option trading. Now for the point of this conversation: I'm not talking about selling premium I'm not talking about if you're selling calls, selling puts, selling spreads. No, no, no, that's a different thing in the world of options that I think is actually really smart for weekly and monthly income. but buying calls and buying puts I think you, especially if you're trading the overall.

Market If you're buying calls and buying puts on spy in QQQ I wholeheartedly believe you are better off trading futures. Is it better off in every single metric? No, No, No, no. but I think by the time you look at the pros and the cons of Futures Trading Futures Trading is better than buying calls and buying puts, especially if you're talking about the overall Market such as the Spy or the NASDAQ things like that. So anyway, this is why.

first of all, right out of the gate, there's no pattern day trading. There is no pattern day trading. So if you are commonly in a position where you're like, well, I wanted that trade. but I can't do it because I have no more pattern day trading.

or even worse, you can't get out of a trade because you're gonna get hit and then you're gonna get a flag as a pattern day trader that exists in the world of equities and options but not Futures and also not Forex And also not crypto. So pattern day trading PDT If this is an issue for you, one thing you could look at, especially if your account isn't above the 25k minimum, is Futures. So right there that's a good thing. Another thing that probably is like secretly really detrimental to you, but maybe it just hasn't quite clicked in your head is the Greeks and one Greek in particular.

And I'm not talking about Leonidas in 300 and how he got his like Teeth kicked in by that Persian douchebag I'm talking about Theta I'm talking about Theta as soon as you buy a call, as soon as you buy a put. due to the linear nature of time, the moment you get into it, it's becoming devalued. Time is working against you, which is very, very philosophical. But for the point of trading, when you are long premium, long a call, longer put Theta is working to murder you Theta it's hiding in the shadows, it's a little sleuth, it's sneaking around like a cat in your apartment, and Studio and it's trying to find you.

and it's trying to murder your premium. That's what Theta does. Theta is a little time-based assassin that is becoming more skillful, more trained, and more aggressive the closer you are to expiration. If you are long premium and it's really far out, well, you're just dealing with a little baby assassin Like it's not.

It's dangerous, but it's not that dangerous. You know it's just. it's kind of an annoyance if anything. but by the time you get to zero day sale expiration one day till expiration like by the time you get close.

Dude, we're talking about the fucking Bruce Lee of Assassins we're talking about some serious Navy diving SEAL Team Six Good a mercute level of assassin. So this obviously is the thing in the world of options premium where not only do you need to be right, but you need to be right quickly. So obviously that's a whole nother aspect. Like for any of my options traders in here.

how many times has it happened to you where you are right, but you're off by a day. Whether you have a bullish or a bearish idea, a bullish or a bearish call out and you're like I think Equity whatever XYZ goes to price whatever one, two three and you're technically right. But off by a day and it just so happens that it's the day after your options expire happens all the time, happens literally all of the time. So because of that, that's another advantage in my opinion of the world of Futures is you're not fighting against the clock if this.

Okay, so right here. if you're playing options and let's just say you have calls or puts 448 64. in terms of your options, it's not going to be. The option is not going to be worth the same value.

10 minutes from now an hour from now because time has passed. But in the world of futures, well here I'll actually bring up a Futures Contract Uh, 4 15 15 is worth the same now as it is in an hour. You don't have a secondary battle going on so we're always battling. Did we get the price movement right? When you're trading options, you're also battling.

Not only did you get the price movement right, but did you get the time at which it happened also right? So it's a whole nother complexity added into the world of options trading that you don't have in the world of Futures. So I wanted to put that out there. So just to review options trading, there's no option. Trading has pattern day trading Futures Trading does not.

Options trading has a Time component known as Theta Theta Decay That Futures does not another thing from here and I get this question on both is do you need a large account to trade it? Well, okay, first of all, it's kind of always easier to do stuff with larger accounts. but right now you could trade this right here. This is the E-mini contract you could trade the micro contract for right now. I Think you need a hundred thirty or maybe a hundred fifty dollars in your account, but you can trade S P 500 contracts not the mini the micro for around 150.

So okay, Is there a bit of a barrier? Yeah, but the barrier is not. Tens of thousands of dollars. You can trade some of these contracts for relatively pretty cheap, especially on the day trading margin rate so you can get away. Uh, I think the cues that's a little bit higher.

I mean here: I Could bring it up just to kind of show you. uh, trade here. Uh, I'll show you some of the rates right here. Here we go: I Found it.

Uh, so you could trade the micro S P 500 for 123 intraday overnight. Okay, yeah, you could trade it for 123. you could trade the Russell the small cap sector for 171 per contract. The micro for the NASDAQ is 462.

the Dow it's 220.. So yeah, do some of these get expensive? Hell yeah. It gets expensive to trade a Bitcoin Futures Contract Or right here, you need 42 Grand That's a lot. That's a lot.

A lot. But then there are Micro Ethereum 57. So there are some expensive options. and then there's some cheaper options.

So for you to trade one of these contracts, as long as your account, as long as you have the margin of 123, you can pull it off. It is possible. Now, obviously, there's some nuances to this particular discussion. I Just don't want you to think that you have to have tens of thousands of dollars in your account to pull it off.

I Mean what do you have to do? Gold looks like it's 4K the micro gold is 457 micro copper 605. You could trade crude oil. Uh, the MCL for 319. That's what the cost will be.

per contract to go long or short corn. you could trade for 5.61. So I Just want to show you I'm not saying oh, it's like the cheapest thing where you could get into positions for like 20, 30, 40, 50. But for a couple hundred dollars, you can trade.

What are the fees? That's a good question. Um, the fees. It's kind of dependent. Well, not kind of.

It is dependent on your brokerage. I Personally pay three dollars for round trip. Actually do I pay a dollar fifty for round trip. It's three dollars or less to buy and also sell together.

So it's about. um, it's about three dollars for a round trip. or maybe a dollar fifty. It's three dollars or less for a round trip on The Brokerage that I end up using and most brokerages are competitive in that area.

It's right around there, so it's not like you're paying 10 or 20 or 30 dollars to do a round trip trade per contract. It's about somewhere between a dollar fifty up to three dollars for a round trip. So um, it's something to consider, especially if you're like working on a system and your positive expected value is minimal. But in terms of like just manually trading, it's really, really not that bad.

Um, okay. so with that, let's review everything. In the world of options training, you have pattern day trading you don't in Futures In the world of options, trading time is a component that's not necessarily a factor in the world of futures in terms of cost to get going, it like I'm not going to say that you're going to be able to pull it off with like a hundred bucks, but if you have multiple like if you're talking about an account that's a thousand two, three thousand dollars, yeah, you can trade Futures It is possible. Now those all sound pretty good for futures I Don't want to act as if it's clearly better in every single sense in the world of option trading because of time being a component, the fact that it's more difficult and there's more things to consider, it also means the potential upside is much more so if you end up buying a YOLO out of the money option that's two, three, four standard deviations.

and if you're right and it goes in the money that day. So let's let's just say in the Spy right now, if you take ten thousand dollars and buy 455 as a strike, those calls and the Spy gets into the money today at 4 55, you're gonna make much more money off that trade-in options than you would taking ten thousand dollars and going long in the Futures market. So it's one of those things where trading options statistically and mathematically is more difficult so there's more risk involved. But also, if you get it right, there's more upside potential reward.

So it's just Futures Trading It's weird because I don't want to necessarily use the word leverage because future trading is technically more levered. but because of the time component, there is a theoretical way in which if you get the right place, if you get in at the right place at the right time, your payoff on options could be bigger. So that's the trade-off That's what life is. That's what training is is like.

Okay, well, if you're noticing that time rarely is like ever, on your side in this, okay, maybe calm things down a little bit and understand that you're trading off some of the upside potential in trading futures for not having to battle time. So I don't want to like, basically come across and be like Oh Futures Trading is better in every single sense because that's not necessarily true. If you're doing super super D-gen things and you get to play right, your payoff is bigger in options. I'm not going to sit here and say oh, like, even Futures even though it's technically more lever like, it's always going to be better.

Bigger winners, less losers. Not necessarily true. One little thing that this is very much a personal opinion, but I think it's something important to talk about and it's one of the reasons why I Still like Futures more than options. Uh, once again, I'm not talking about selling premium when I talk about options I'm talking exclusively about going long on premium.

One thing I like is there's just less things to pay attention to. There are people who trade the S P 500. Uh, Futures Contract and that's all they do. They don't look at anything else.

They don't talk about anything else. They don't think about anything else. This is what they trade. They trade this one thing.

Well yeah, you could do that with options. but I think when you're in the world of options, all of a sudden you start to look at the High Flyers of like is Netflix moving is Disney moving is NVIDIA moving is Apple moving is Tesla moving. So I think sometimes there is a benefit to being specifically focused if you're like no I trade gold Futures I trade the S P 500 futures I trade the NASDAQ like. It's one thing to pay attention to and you become an expert in that thing.

Well, when you're training options, Yeah, okay. if you have the discipline to tell yourself no I am only training SPX calls and puts that's my life Okay, cool, do it. But I think a lot of the times in options trading you start to get like I think it's natural we're all attracted to the shiny toy. So whatever the big moving side is, whether it's whatever Carvana tup, any of those things where you're like okay, I'm going to start training it, but now you have to start following what that company is doing.

The announcements. uh, you're worried about the trading hours. That's the thing I haven't talked about at all with trading hours. There's big announcements overnight and how many of you have heard announcement overnight and you're like wow I wish I could either buy or sell.

but I can't right now because the options market is closed. That happens to everyone. whether it's a development in China Australia Europe or even if it's earnings. There's been many, many times where personally and I'm sure this is the simple.

A similar story for all of you is like you're like man I wish I could either buy right now or sell right now. but you can't because the options market is closed. The Futures Market trades 23 hours out of the day. It takes a break from 5 to 6 p.m Uh, basically Sunday night at 6 PM all the way till Friday night.

Um, it doesn't train on Saturday so it trades six days out of the week and it only takes one hour off every individual day from 5 PM till 6. PM So if you're like whether you're busy with your kids, your job, and you're like, well hang on I Really can trade from like whatever at night? Maybe you're a night owl and you're like I like to trade from 8 P.M till midnight. Yeah the Futures Market is open. it's actively doing things, the Forex Market is open.

It's actively doing things so in terms of you want to get in and out, maybe because the news Futures are better and then maybe just because of your life schedule. Maybe you don't have the time or depending on where you live or maybe you have business meetings always in the morning so you miss the market open. but you're free in the middle of the night. So in terms of time Futures I would argue is better because it's Trading 23 hours out of the day and obviously there are going to be certain times where markets are more active.

So like if you're like well hang on. the es isn't really active overnight. Well you could go trade certain Futures on Forex like as the Yen because that stuff's going crazy. you could trade Forex straight up.

So there's various things to consider and I just wanted to have a conversation about this because I know the fact that I've been talking about Futures more. I'm getting more questions about it. so I figured it'd be worthwhile to address it with all of you obviously see if you have any questions. um and also like I Get that in the world of media especially social media, people trade options because everyone else is talking about options so it's just more of like monkey see monkey do if everyone's an options Trader and brokerages make it easy because when you're signing up, you're like no I want equity and options while Futures is a whole different account.

Um, it's kind of like what's popular ends up getting more popular because people are just attracted to the popular thing and Futures Trading isn't that popular. but there's definitely some serious advantages to it that I think it's even if you don't want to trade Futures just that you know about it that you know it's a thing. you understand what's kind of going on and how it works and its influences on the overall. Market But for me, it's like way more liquid than the overall.

Market has better trading hours, time isn't a component. There's a lot of things in the Pro column. There's some things in the con column for sure, and there's some things that maybe options is better at. or maybe individual equities is better.

There's no like glaring example of like the best thing to trade everything has pros and cons and I just wanted to talk a little bit more about Futures with all of you. so on that. I Guess before we wrap this up, taxes as well, they're taxed at less of a rate. Actually, that's a good point.

Um, I forgot about taxes, taxes, taxes, taxes. Um so. but also well to be fair. On that note, if you're Trading Disney options, your tax more.

But if you're trading SPX options, you're you're now I Believe at the same tax rate as Futures. So if you're a successful Trader and you're trading the overall market like spy and cues, there's no reason to trade Spire Cues: You should be trading SPX or Ndx. or you should be trading the Futures contracts, es or NQ. That's the equivalent for the S P 500 on the net and the NASDAQ on the Futures market.

So if you're making 10 grand in either of those, you might as well just get taxed less because and inherently they're gonna have weird movement. So if you're a successful Trader trading the overall: Market There's no reason in hell for you to be trading SPY or QQQ. Actually, even if you're not a successful Trader, there's no reason for you to be trading SPY or QQQ. You should be trading SPX Ndx if you want to trade Equity or options and then if you're trading Futures you could just trade Es and NQ like there are tax advantages to doing it.

obviously. I'm not a certified public accountant I'm not a tax expert. This is my experience with it. You should reach out to a professional just to double check me.

Who knows. Maybe I'm full of shit. but in my own experience, um, when it comes when I have to talk to the tax man, you do save money in taxes by trading SPX over spy by trading Es over there's no reason to be trading SPY or QQQ really. from a tax perspective.

foreign way out of the money. Well, maybe that's a good sign that we shouldn't be trading like zero DTE Super close to the money. Maybe you should be trading a reasonable amount out. but more importantly, buying yourself more time.

Um, uh, Upsc got smoked on their earnings. They're down right. Thanks Matt for teaching us about Futures I'm going to learn about how to trade Futures Does Schwab offer trade options for a Futures account? I'm not 100 positive, but I would be very, very surprised if they didn't Um, so all legitimate major brokerages are gonna offer you Futures So if you're looking at tradestation, interactive brokers, think or Swim they all have a Futures option. Shitty brokerages like Robin Hood and Weeble don't But that's because they are just trying to take advantage of retail.

Where do I trade Futures I trade in on tradestation and I'm not necessarily saying they're the best. they're just the ones that I'm used to. I don't have an affiliate signup code for any of those for thinkorswim interactive brokers or tradestations. So like I'm not like there's there's no way for me to like, make or lose money on this.

I'm just giving you like my honest opinion of it. Tradestation, It's fine. interactive brokers. They need to improve their UI um I I Don't think there's a clear example of the best place to do it, but they're all just kind of fine.

You could if you have a think or Swim account. If you have an interactive broker's account. if you have a tradestation account, you could pull it off on all of those. This one that I have the one that I use it is tradestation.

um I sometimes have issues with it. other times it works perfectly. It's kind of neutral on it. Uh, the active Trader is kind of cool in think or swim.

The ACT I thought active Trader was the fidelity thing active. Trader Pro think or Swim is TD Ameritrades trading brokerage. What's the is active Trader I Thought that was fidelity. Careful with those types of Brokers Commissions are very high.

No, they're not there. It's about a dollar fifty per buy per cell. Three bucks. There's really not absurd commissions anymore in the world of trading, and honestly, as much as we bash on Robinhood in here, it's kind of because of Robin Hood that it made The Brokerage game more competitive.

Forcing the commissions to go down. Ninja is a good one. Ninjatrader also a good one. TD Futures are high.

Look into it I'll look into it. TD Futures fees. Uh, two dollars and 25 cents. not that high.

I mean it's higher than the other ones, but you're I wouldn't act like it's prohibitive. it's 225. I think I I think mine are a dollar fifty. So it's all like roughly in that realm.

But it's not like you're paying like 10 20 30 per contract. but Weeble is like seven cents. Well, once again, there's no such thing as a free lunch. If they're giving you something for free, it's because you're the product.

Um, this is like the whole argument with Pavement for order flow. and all that stuff is if you're getting something for free, it's because they're using your data. They're somehow, uh, making money off of you. Matt Have you got any AMC Chocolates and pretzels yet? Wait, what's an AMC Chocolate and pretzel? AMC Chocolates and pretzels I Feel like I'm missing out on a joke.

Did they announce that AMC is now getting into the world of chocolates and pretzels? Eric I Feel like you're making a good joke? and unfortunately I just don't get it because I didn't pay attention because Adam Aaron is a leech. Yeah. Futures UI is terrible. Would love a video on how to just trade one contract.

Yeah, so there is a bit of a learning curve to Futures And the way I got over it was a paper trading account. You could use fake money to get going with it. Adam Aaron Announced it last night on the call. Wow.

You know what's going to get them out of five billion dollars worth of debt, chocolates and pretzels? He's such a twat. He really really is. He's such a twat. All right.

Where are we at on the day? Uh, I'm kind of interested in going long here. Will it work though? Will it work? Will it work? Boom brother. Well That took awkwardly long to get a fill. All right, seeing if this breakout's for me or not right here.

Just this clear trend line we sold off this morning seeing if we get a bit of a pump would love 449 as this initial test and then obviously have that upside Target of 451. if we really get going from here, all right here. I'll show you mine. Okay, so right on your screen here this is tradestation.

Uh, this is where I trade my Futures Uh, but people use interactive brokers. They use thinkorswim I Think interactive brokers and Tradestation and Ninjatrader are probably the three most popular. Um, but anyway I went long on the Es contract. Oh, another thing I want to point out to you is even though this has similar numbers to SPX like the actual S P 500 like we're currently trading at whatever 4518 on the Es contract every dollar.

So from four Five one eight to four five one nine, even though that's a point, you're going to see that it actually is worth fifty dollars. So if you have one contract and you go from four five one eight to four five one nine, that's not the change in a dollar. That's the change in fifty dollars. And it moves in quarter point increment.

So it goes from basically four five one eight to point two five to point five to point seven five. This it all. It moves in like 0.25 Uh, increments. Now, this is true for the Es Contract for the S P 500.

If you look at oil, it's different. If you look at gold, it's different. If you look at the NASDAQ, it's different. If you look at the Dow it's different.

So each contract has some of its own I Guess differences Nuances that are important for everyone to kind of be aware of. Uh so. a dollar movement in oil. If you go from 83 to 84, that's worth a thousand dollars.

So they all have kind of their own different leverage rate and everything like that. So right here. the fact that I'm long three. uh, if it goes up from four five one five point seven five, that's my entry up to four five one six point seven five.

if it goes up one point. Well, that's fifty dollars. But I have three. So it's actually the movement of a hundred fifty dollars.

So that's what I'm saying when there's a bit of a learning curve because when you get into this stuff, it's not like I paid four thousand, Five hundred Fifteen dollars, and seventy Five cents. The cost of a contract actually changes by the current volatility, not by the current value of the underlying that you're trading. So if you're trading a stock XYZ and it's trading at 100, it costs you a hundred dollars to get into it. I Think we all well understand that that's not how Futures move Futures The contract itself, whether you go long or short, has a cost and the cost goes up or down based on current volatility.

It if the underlying is higher or lower in price, the price To go long or short. that contract doesn't change because of it. It changes because of volatility. So back when I was showing you those margin rates, that's kind of a confusing thing.

I Remember it kind of messed me up at first. I'm like, what do you mean So like if I go long or short today, it's going to most likely be the same cost tomorrow. regardless if we're going up or down in price. But that's because.

remember, you're getting into a contract away with options. You're getting a call contract or an option contract and the cost is the premium. These are trading contracts. This is a contract on the S P 500.

So I I just wanted to share that just I don't know. There's a lot of nuances and if I can make your learning process uh, quicker than mine. uh I I would love to do so. Hope things are well met.

Shout out Canon Hope you're having a good one man. Shout out, Shout out, Shout out. Hope all is well with you. Is there other uh questions? do you guys? I Guess just now that we're talking about future so much today, do you guys have any questions on futures of just like did I confuse anyone or is there a specific thing like you're like okay I followed you to this point like is there something that's like major on your mind? You're like okay well now that we're here, what's like the next thing you want to learn? What would Alvin say? Who knows I Hope he comes back though.

This needs a more in-depth video I'm gonna plan on doing that I just kind of wanted to intro intro you guys into it and honestly see if there's enough interest in me making a video about it. Can you predict Futures You know one of my uh uh oh is the market getting a little smoked right here? uh this might be the old fake out hang on watching the Spy uh I Remember when I first started making videos there was a really popular content creator who didn't not know anything he was talking about but he rode the boom of just like when people were locked up in during the Ronin period and someone asked him that he's like what's the future so he made a video. he's like well you see Futures contracts tell you where the Market's about to go. he literally just like because of the name thought it told you where things were going in the future he didn't even take the time to.

Google Futures Contract He made a whole video explaining how Futures tell you whe