Hi this is Matt from Matt Strats and this is your economic slash market update for today: Wednesday September 13th I'm sorry I can't even keep a straight face as I try to mimic my best content days I Hope you had an absolutely phenomenal day! We have a lot to talk about I Want to get into what happened in the market today because of the inflation report? all that good CPI Jazz I Want to talk about how Mila Kunis the actress is now being sued by the SEC and I want to get into a little bit of the Fallout of this whole Vegas hack thing because the whole thing is actually pretty crazy and maybe just maybe I'm gonna brag about the trades I Absolutely crushed today if you haven't already. If you want to become a degenerate of the goonie Community Don't forget to like, don't forget to subscribe. With that being said, let's rock! Thank you! So by the time the stock market bell went Diggity ding ding ding to close out the day, the market went a little bit up a little bit down and overall it was a mixed bag. Result: The overall: Market The S P 500 was up 0.12 and the tech sector did a little bit better up 0.38 Amazon was clearly an out performer up 2.5 and then we had Netflix set for whatever reason got yeeded off a cliff, dropped 22 bucks as in five percent.

If you want a larger look at the overall Market Here's a heat map of the S P 500. Yeah, some tech did all right, but we're clearly seeing some weakness in the real estate and energy sector now if you ask me. I Really thought today overall was gonna be a bit more wild because we did get that inflation report and yes, I'll be breaking that down and I'll talk about some of the predictions from yesterday. But overall I think we could all say today was a little bit choppy, but really muted.

Remember the mark: Market likes to consolidate and then expand consolidation expansion. So I think we're right now in a phase where we recently had an expansion to the upside a little bit to the downside and now we're consolidating just waiting for that next major move. And I'll obviously be pointing out levels at the end of this video where I'm looking either for a major breakout or a major breakdown. I'm not necessarily bullish, biased, or bearish bias.

Yes, we'll be going into the seasonality, but hey, I'll take whatever the trend is gonna be now before we get into all of that. I Want to talk about this because I found it particularly irksome. U.S Senator Warren calls to investigate Elon Musk While serving 10 years in Congress with an annual salary of 193 000, she managed to increase her net worth by 73 million. Is anyone else out there tired of the fact that we have very rich people calling out Ultra rich people? and then yet they're somehow cosplaying as their Robin hood-esque figure of fighting for you, fighting for me when in reality they're just trying to get more votes so they continue doing whatever they were doing to increase their own bank account.

Maybe it's just me. Maybe I'm not old enough? Maybe I'm not mature enough? Maybe I'm just not reading the writing on the wall. But this is pretty evident right? Like we all know that she's not on the side of the Common Man She's made 73 million dollars and yet she's gonna take up the mantle for fighting against capitalism I Don't know I don't know I don't know. Just a little food for thought, but talk about my journey becoming worth 73 million dollars on the stream today.

If you missed it, check it out. I'm streaming Monday to Friday 9 A.M to 11 A.M and sometimes a little after because I lose track of time. Well I got two signals today that relate to Zero D Ete trades and officially on the week we are now six for six. We had two call outs on Monday two call outs on Tuesday and now two call outs on Wednesday going six for six batting a hundred and I like to see it.

So right here zodte trade on the Spy it was a spy call spread. needed it below 448. obviously if you check out the market, we were successfully below 448 at close and then the other one was on the queues. Once again, another zero DTE call Credit spread needed it below 375 Bada bing Bada Boom! We closed about 40 cents below that, so crushing it thus far on the week.

Six for six. if you are at all interested in getting potentially these zero DTE signals Now if you want to take them great, If you think they're horrible and you want to fade them and do the opposite, have at it. or if you just want to look at them and talk a little bit about the math and statistics behind it, hey have at it Macross.locals.com it is in the description of the video. With all that being said, let's talk about why I Felt a bit more comfortable doing call Credit Spreads, which could be viewed to be a little bit more of a bearish bet.

Maybe a neutral bet, but definitely not a bullish bet. It all came down to what we got at 8 30 a.m ET Today August Core inflation excluding food and energy Rose 0.3 percent hotter than expected. Now if you want the exact numbers before, this was all reported, here were the expectations. So year over year CPI They were looking for 3.6 month of a month.

They were looking at point six percent and month over month when you take out food and energy. They were looking for 0.2 and that's where it came in a little bit hot. The core CPI came in at 0.3 so inflation higher than expected. Obviously the market was slightly bearish.

In all reality, we had more of a neutral day, but my bearish BIOS was more so because when inflation comes in hot, there's a better chance of that forcing the FED to continue their hawkish monetary policy as in either keeping interest rates high or pushing them even higher to push downward on demand. But let's recap some of the key points here: Energy price is fed much of gain Rising 5.6 on the month, an increase that included a 10.6 surge in gasoline. The jump in headline inflation hit worker paychecks real average hourly earnings declined 0.5 for the month, so that's the headline information. But the real key takeaway you need from all of this is the fact that yes, inflation is still high, and unfortunately, it's coming in higher than predicted.

Fed on alert for one more hike after disappointing inflation. So if you watch my update yesterday, there was basically three scenarios: We came in super hot, which would have forced another fed Ray Ike in September Wednesday September 20th. That didn't happen. The other option was we saw certain sub-sectors Really, the sticky sectors I'm talking about shelter I'm talking about Services coming down even more than expected.

Which would actually mean that maybe we're done with rate hikes and in reality, we hit what was predicted to be the most likely case of somewhere pretty close to neutral. Granted, it was a little bit hotter than we wanted to see, but we're basically at the point where we know statistically 97 chance when we get to that Wednesday September 20th meeting? No worry, hike. But then when we get to the November 1st meeting, well, at this point there's at least a 40 Chance some form of a rate hike. so a little bit less than 50 50.

So it's not a guarantee, but the odds are looking pretty high for it now. Obviously, this isn't going to be a guarantee for the November one because between now and then we have retail sales unemployment reports PC There's many other reports coming out between now and the November meeting that that could change, but I think it's pretty safe to say at this moment in time when we get to that September meaning the end of September roughly a week away from now. Depending on when you're watching this video, that we're probably not going to be getting a rate hike. But once again, I Just want you to know we have not beaten inflation.

Inflation is still clearly higher than we want I Mean it just clocked in at 3.7 percent. we're supposed to be at two percent, so we're almost double where we should be. Inflation is obviously a very, very real problem that we're still currently battling. This will be an important video for later.

I should probably make a standalone video on it the moment we announced that we're just keeping our rates flat or maybe even worse. and I'm going to explain this in a second: we decided to cut rates that is not going to be a moment to buy. I can provide the statistics and the numbers in a different video, but historically, when they announced a rate cut, there's still serious drawdowns in the overall market. So once again, I'll make a whole Standalone video on that a bit later.

Moving on, Mila Kun is backed stonercat Nft animated series find One Million Dollars by SEC and this is now being reported by CNBC a crypto World Here we have another article: Mila Kunis Backed Web Series faces SEC enforcement action for unregistered Nft offerings. The production company behind Stoner cats still a little curious on how she came up with the name encourage investors to buy and trade royalty yielding Nfts kind the Collectibles to the success of its Hollywood backed web series The SEC said So basically just saying hey, it's a security and that's the whole thing right now with the SEC and the crypto world of what is or isn't a security Now I would guess that her name, her money, all that should probably pay it off and go. but I still think this is in my opinion, an overreach from the SEC because they're willy-nilly declaring everything is security and the people who decide to really take it to the mat in terms of the court cases are ending up embarrassing the SEC So I'm curious to see how this will all play out, but just interesting to see. Obviously a household name from That 70s Show Mila Kunis Uh, tied up with the SEC and crypto and right now I'm actually facing a pretty sizable fine.

Speaking of sizable fines, check this out. Virtue, the world's second largest market maker, goes Citadel Then Virtu also just got nailed by the SEC so this is from Dave Lauer He did a great breakdown of what's going on, but the main thing you need to know here is it had to deal with information and the lack of barriers of information. So Virtue is a market maker, but it's also a prop firm and then all of a sudden information was going from what was being traded and the market makers were seeing it. It was this whole thing.

and if I had to guess how this is going to play out, they're gonna fire whoever's in charge of compliance. they're gonna hire a new person and they're gonna be like yep, nope, our new compliance is absolutely airtight and then you're going to fast forward x amount of time and then it's gonna happen again and I would assume whatever the fine is for, this is probably less money than they actually made off the practice. I'm just throwing out wild guesses, but it seems like we've seen this story before, so if you want to dive a bit more into it yourself, obviously I'll have this all linked below. But yes, the world's second largest market maker AKA Virtue just getting hit by the SEC I Guess similar to what's going on with Mila Kunis another streak of bad luck I Don't know if you guys have seen what's going on in the world of Pax in Vegas but it's insane MGM Resorts says Cyber attack could have material effect on company.

So yes, obviously I do find interest in this just because it's a wild story. But in terms of training and investing, yeah, we might want to be looking at some of these Vegas casinos stocks because they might be getting hit from this. MGM Resorts on Wednesday said that a cyber incident that had significantly disrupted properties across the U.S for the past three days represents a material risk to the company, and it gets even more wild at the same time. The major credit rating agency Moody's warned that the Cyber attack could negatively affect Mgm's credit rating.

Seeing the attack highlighted key risks within the company. The company's Corporate email, restaurant reservation, and hotel booking systems remain offline as a result of the attack, as do digital room keys, but it didn't stop at MGM Caesar's Entertainment paid Millions to hackers in recent attack, so as in, it worked for the hackers and we actually have some information on who the hacking group is. Caesar's Entertainment paid tens of millions of dollars to hackers who broke into the company's systems in recent weeks and threatened to release the company's data. Caesars is expected to disclose the Cyber attack in a regulatory filing.

Imminently, the disclosure of the alleged Caesars breach comes as another: Las Vegas Entertainment Giant MGM announced it was hacked earlier this week. The group behind the attack is known as Scattered Spider or Unc3944. Its members are skilled at Social Engineering in order to gain access to large corporate networks. According to cyber security expert, in the case of Caesar's the Hacker's first breached an outside It vendor before gaining access to the company's Network Overall, this is crazy.

I Have this sneaky suspicion that there's much more to the story than what's being disclosed right now. but in terms of investment in trading, obviously these ticker symbols are taking a hit. Maybe they rebound or maybe something else is found out by the public that makes it go a little bit lower. So at least for me, they've earned their place like a place on their My Watch list because I think there's going to be volatility and maybe either a trading or an investment opportunity.

So I just wanted to bring to light the story just in case you haven't heard of it. and then obviously on top of that, I'm just going to be checking out what's going on now. let's change our I guess tune a little bit to what to look forward to tomorrow. Thursday Because I'm still expecting some overall volatility in the market now first individually just for an individual Equity Name Arm IPO What to know about this circuit designer and its Market debut? The IPO season is here.

The IPO Market is starting to heat up. Obviously, Arm is going to make its public debut most likely tomorrow Thursday But we also know that Birkenstocks they're filing for an IPO. We know instacart is. It's just the IPO Market is clearly heating up and a lot of people are excited about arms.

So Arms In the world of semiconductors, think about the processing chips. Think about Nvidia Intel Qualcomm AMD It's in that world and it should actually be a pretty impressive one. Many people haven't heard of Arm, but nearly everyone uses its products and now investors will be able to get a piece of the company through to initial public offering this week. The UK based company designs parts of chips inside nearly all the world's smartphones as well as Apple's computer, Amazon's Data Center and a growing share of cars.

So in more detail, here's what you need to know about the Arm: IPO Arm and its Underwriters are set to price the IPO on Wednesday Following its week-long Road Show pitch to investors its American depository Shares are expected to start trading on Thursday on the NASDAQ Under the symbol Arm, the company is seeking evaluation of at least 52 billion with shares priced between 47 and 51 each. Seeing how this plays out, most likely it's going to hit the public markets even higher. People like you and me, average folk, we're not going to get in at these prices. I Also want to let you know that I will be covering it.

Feel free to tune into the stream, tune into the Matt core show to see it make its public debut. I Just wanted to let you know I'm not trading it I'm not investing it I've just been burned on IPOs way too many times. This is no knock against arm. it's just I've learned that the volatility of an IPO isn't necessarily the way I like to trade and invest, but this will be going down on Thursday so at least some excitement to see there in terms of an individual Equity name.

But also the overall. Market We're going to be starting the stream early because at 8 30 an hour before the Market opens, we're going to be getting retail sales. We're going to get the PPI report. We're going to have a couple updates from our friends across the pond.

the European Central Bank that's the equivalent of our fed. it's their Central Bank over there. So starting this stream early we obviously have some key macro reports tomorrow, so should be a fun day. And I also want you to know in terms of seasonality that for Thursday September 14th, the Bulls have won this day 54 of the time the profit factor is just above one.

so the seasonality is clearly neutral. So because of seasonality, even though September the first two thirds, the first three-fourths of it do favor the Bulls, This particular day is a net neutral day. So in reality, what I'll be looking for is more of breakouts or breakdowns on the screen. Right now is the daily chart for the S P 500 Track by the Spy ETF And clearly we had expansion up.

We had expansion down a little bit range bound right now I'm either waiting for the market to basically break above 448, 449, break above and hold and look to be bullish, or I'm looking for this breakdown below 445 and obviously hold below that to see a test of maybe sub 443. For me, as I said before, I'm not necessarily leading bullish or bearish. I'm just waiting for the price action to tell me which direction I should be playing in. Now, obviously, if you want more of a real-time update, tune in to that live show.

And also, if you're interested in some of those zero DTE callouts, check it out: Macross.locals.com All that stuff is in the description of the video. Same thing with if you're interested more in the SEC filing against Virtue I'll make sure that's also in the description of the video. Obviously, if you like these types of daily updates, let me know in a comment below: don't forget to like, Don't forget to subscribe I Appreciate you checking in on this video I Appreciate all your time I'll catch you in the next one. Have a beautiful day.

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