All right Yes our Hail to the King I'm Caesar Bow down to the throne crowd. Please up set my eyes on my own. Don't need you so heavy I'm a legend I'll teach you I'm Numero Uno you know the original King I'm a Sumo no games King Come on Yay! um Supernatural I'm an animal burst through like a flame cause I'm flammable I'm taking off I'm a radical hot rain fly down like a cannonball I'm a renegade when I Elevate so shot cut through like a razor blade I'm Invincible when I stand tall All Hail to the King I will not fall foreign foreign of the Matt core show when we're going to be talking about a lot of the craziness in the market today. a lot of bullish. Insanity I Guarantee you there were many, many shorts out there who were incredibly unhappy because it was a day of not just green, but brutally green. So we're going to be getting into this video. this episode. whatever you want to call it, this stream of why everything was so green. What does it mean? Is it going to last? Is it not gonna last? So we'll be getting into the cause of it? The Catalyst I'll fully explain it and then I'll leave you with some of my ideas of where we might be going next. Then after that we have an update related to our boy Elon and Twitter and some breaking news there. But before we get into that I need to kind of put a bow on the current situation of what's going on with FTX and crypto as a whole. Yes, crypto also balanced with the overall Market but some in interesting updates to say the least with FTX and Sam Bakeman freed. so we'll be discussing all of that. Then just to kind of wrap it all up, we're an update on Meta, an update on what's going on with the Kingdom of Saudi Arabia and Joe Biden and all that good jazz. And of course I'll be starting it all off with three crazy things that you probably missed in the news today. So we have a big big show for you I Guarantee you're going to enjoy it. but before we get into all that as you might have known, there's two important things I need to do Numero Uno Whether you're on YouTube or Rumble destroy the like button, Kill it. Merk It unilive it. Do whatever you need to and make sure you're also hitting the Subscribe button on YouTube It helps with the algorithm and then on Rumble It helps with getting us onto the battle leaderboard. Thank you thank you thank you. Kindly appreciated and also a shout out to Tendies, the sponsor of today's stream and also you gotta be signed up for it because tomorrow you know what it is. you know what it is. It is Pay day. Friday We're giving away a thousand dollars and the prerequisite of it is to be on attendees. It is absolutely 100 percent free F-r-e-e and it's awesome. It gives you free data's option, it gives you free social sentiment analysis. They have an options calculator that's about to come out. They have an earnings calendar that's already out on the iOS They have free research. All this is free. No credit card or anything like that. You just have to sign up. and obviously even if you don't want that, if you just want a chance at getting a thousand dollars every single. Friday Hey all you have to do is be on tendies. it is pinned to the top of chat it is in the description of the video. obviously a very kind generous shout out to everyone over at the attendees team. Now that we have all that out of the way, let's get ready to rumble Pops: 1.2 000 points S P 500 jumps five percent in biggest rally in two years after light inflation report Man oh man, this is the best day we've seen since April of 2020. If you were on the bull side today, massive congratulations to you. you are probably raking in money for all I Know you're going out and buying a whole new rig for the piles of money you probably made today. If unfortunately, you got caught on the bear side, Well, thoughts and prayers, thoughts and prayers. you probably got steam rolled today. But hey, let's just let's just pretend everyone was very nicely bullish today because that sounds like it's gonna be a little bit more fun. This is the more for people who are visual Learners here look how green it was Microsoft 7.6 Google 7.9 Amazon up 11 Apple up 0.8 It was hard to miss today. It really really was everything. Loved the cold inflation report I'll be getting into exactly what that means, but here's what you need to do is the major equities in the entire Market were absolutely Rip City And so was Crypto literally a mere 24 hours ago I was showing you how things were deeply read. I Think the joke that I made was that they had to make a whole new shade of red to possibly explain what was going on. And now today is the opposite. we're making a whole new shade of green. This is a perfect example of how just in 24 hours, the volatility is so absurd. We can go from what feels to be a catastrophic sell-off to the very next day we're all loading up on our own rocket ship, going absolutely to the moon. It's insane. Pain be prepared I Don't think this volatility is going to slow down any time in the near future and expect big big moves. And fortunately, this big move was to the upside. and I hope you got a piece of it now. you might be asking yourself, but how could we have known this was going to come? and once again, the Inverse Kramer strikes. So this was posted on November 9th. Obviously today is November 10th Jim Cramer Warns that growth stocks could see more horror after CPI data release. and then today we rip time and time again. The main lesson that we've learned is if you do the opposite of Kramer well, you're probably buying yourself your seventh, your eighth, maybe even your ninth yacht at this point in time. The Inverse Kramer crushes, crushes crushes. Yeah. I mean I We haven't seen anything that's good. It's insane. But now, obviously, before we get into the mumbo jumbo of the world of finance and big political news and big breaking news and what's going on with crypto and the stocks and all that good jazz? I Like to cover maybe a couple things that you missed throughout the day. I Think it's important to be a little bit more well-rounded here in the Goonie clan. We like to know a little bit about everything going on in the world. So I found these three stories that maybe you missed today foreign. So at first this might seem like nothing but. Jake Paul Tweeted a clip of him facing off with Andrew Tate and the Tweet exclusively says negotiations. How ridiculous that is. I Truly think that they are going to make this happen I mean I am invested in knowing who would win this fight. How could you not be invested in the winner of this particular fight very earnestly? I Think they are both putting their careers on the line. They both kind of have that Mantra of this like Macho internet dude and whoever the loser is, they could potentially lose their brand. but then whoever the winner is would be coming away an even bigger winner than they could possibly expect. Do I Expect top tier fighting boxing. No Zero percent of the definition. zero percent I Don't expect some High Caliber fight I Expect a good fight, especially because both people are literally fighting for their livelihood 100 non-stop Without a doubt I would pay for it. Without a freaking doubt I would pay for it. My biggest issue is I just don't know who I'd be rooting for I just want to see a crazy fight I want to see a slugfest and I Guess that leads me to my question for you guys is this is very real. This came out today Jake Paul Andrew Tate Could 100 be happening? hopefully in the early 2023 calendar year and my big question to all of you is who do you want to win I Mean this is probably the conundrum of the day I Know many of you might be thinking, but hang on man. I've been thinking about the millennial math problems for years now, but as soon as you consider this, this is above the Riemann hypothesis. For all my math nerds out there, this is exclusively the toughest question of let's just push it off to early 2023. Who do you want to win this fight? Jake Paul Andrew Tate It's a question for the ages. Absolutely a question for the ages. And that's the story. Number one: Story Number Two SNL Staff Writers boycott over Dave Chappelle's hosting gig. So apparently Page Six was told that some staff writers are so Furious that the comedy Superstar who has made transphobic and homophobic jokes has chosen to helm the iconic show that they're sending out the episode. They're not going to do the show, but none of the actors are boycotting. so this is apparently just writers for SNL not the actors who some of them are choosing to not work this particular gig because it is being hosted by Dave Chappelle who's arguably one of the worlds of Comedy world's biggest Superstars ever. But Chappelle's rep told us that there was nothing to suggest that there was a boycott when they attended the writers meeting this week. so the rep is saying things seem good, but maybe those writers just didn't show up. the ones who particularly didn't like them. So I mean obviously I'm not in the SNL writer's room so I can't tell you if this is 100 true or not obviously as some certain level of validity. If it got to this point, that doesn't mean it's actually true. but in the case that it is true and I very much hope that it's not true, imagine I mean I can understand it a little bit more when there's the public outlash against some of the things you've said. If I'm getting completely honest with you I think those people are a little bit ridiculous. It's a joke. He can say whatever he wants. That's the point of comedy. And particularly I think Dave Chappelle is literally one of comedy's goats. So these people who get on their high horse about it I'm like yeah, like whatever. just don't watch them. It's a joke I find it funny. if you don't want to watch them, don't watch them that. That's it. Move on with your life. Imagine if we all spend our time explaining to the world the thing the list of things we're not gonna watch like I think more of like go on and fuck off. there's other things to do with your life. But let's look at it of the fact of SNL writers literally comedy writers. If this is true, do you know how nonsensical that would be if comedy writers are saying no man, his comedies over the line for me I can't even write I pray that this isn't real I Absolutely pray that this has no truth to it whatsoever, because if it is, that's just a dismal day for not only the world, but particularly the world of Comedy If comedy writers are saying yeah, I don't know, that's a little bit over the line for my blood. like grow the fuck up, just grow up once again I Can't confirm it I'm not Dave Chappelle I'm not an SNL writer, but it has something going on if it made page six. so I just hope that maybe it's a misunderstanding this way or that way and I'd love to believe more so in Dave Chappelle's rep saying nah, we didn't notice anything but man, imagine what the world's coming to if in any way it is true, that's absolutely ridiculous, but on more of a positive story. Extremely heartwarming narrative I Found for all of you a tick tocker. Raised nearly 170 000 for an older Walmart worker so she could pay off her mortgage and retire. Basically saw this video of a lady working extremely hard. Life shouldn't be this hard. Obviously she's up there in age and apparently she has 170 000 left in her house she's forced to work at Walmart and hey, sometimes it goes that way and we'll we'll this particular effort fix the entire world. No, but it'll fix her world. As of the time that this was written I believe it was a hundred and sixty eight thousand. We love you Nola Hey, just I Like to see yes, we see some negativity in the world, we see some BS stuff. But also don't forget that sometimes people are absolutely awesome. so I don't want to just be here Doom and Gloom and negative, negative and negative. This is incredibly awesome. A hundred seventy thousand dollars for a lady who could clearly use it. Honestly, not all tick-tockers or people I agree with, but this guy truly from the bottom of my heart hats off to him. And I just hope one day in the future that The Goonies could do something at this level in the past. Yes, we've raised a lot. we've raised over 25 000 for Saint Jude's very, very proud to do that. We do all these payday Fridays to help out people who could really use the help. but this level, it's just it's the next level up. and I think one of these days that I'm optimistic that hopefully we're in the position as the goonie Community to raise even more and help out even more people. This type of thing absolutely just makes my heart sing like I think it's so so cool to be able to do this such a selfless act. Awesome, awesome, Awesome! So those are the three things that maybe you missed throughout the day. Now let's talk about the old Stock Market. or let's talk about how inflation came in today and it absolutely ripped the face off of the Bears Stock Market News Live updates, stocks stage blowout rally after milder CPI print I have all the details for you but before we get into that I Just want to let you know first where we are seasonally Remember by the time you get into November it's still pretty bullish. From a seasonal pattern, this is referred to as the Santa Claus rally. Basically, mid-october till the end of the year is a very bullish period. But then don't forget we're in a midterm election year I Know you've probably already scrubbed your mind of all the ads and texts you got all the way up until Tuesday for elections. But don't forget, this particular pattern is even better in a midterm election year. Midterms really bring about a bullish I Guess Direction in the overall stock market. So a seasonal pattern and also just more of, let's call it just a political pattern. So both of those pair together. Very strong. Very bullish. Does that mean that's how things have to play out for the remainder of the Year Absolutely not. I'm just here to say hey, this is the pattern of how we've seen things in the past. Uh, actually, ever since the 1940s, the midterm pattern very very strong. And then this is just data that we've known for the longest time ever since the S P 500 really started to get tracked. So I Want to let you know how things are going seasonally Bullish. It does pay to be a bull this time of the year, but today was exceptionally good because of the inflation report. Came in a little bit lower than expected, cooler than expected. I Mean it was so great even Europe Loved what was going on. European Stocks close up 2.8 percent higher following U.S Inflation Data: That's how good it was. Our inflation has nothing really to do with European Inflation and our friends across the pond were even so stoked that they started to buy their market. So to give you a better explanation of what really happened today, here are the exact numbers: Consumer: Prices Rose Point: Four percent October Less than expected as inflation eases. So basically, when inflation comes in higher than expected, that's hot and when it comes in lower than expected, that is cool inflation. So there's a couple of things you look at. You look at month over month and you also look at where you are on the year. So over the past 12 months so you could also look at headline CPI Consumer Price Index Just basically, how costly are things to be a consumer? And then there's also Core CPI that does not include food and energy. So headline CPA is the like. It's the whole shebang. The expectation going into today was 7.9 and it ended up being 7.7 So we came in two tenths of a percent less than all the fancy schmancy analysts thought that we were going to see month over month. They were expecting an increase of 0.6 but it came in at 0.4 That's exactly what's on your screen. And then if we look at Core CPI The thing that doesn't count food or energy, they were expecting year over year to be a 6.5 but it came in 6.3 And if you look at the monthly changes, they were expecting 0.5 and it was only up 0.3 So overall, we came in cooler than expected and everyone's celebrating it. Maybe what the FED is doing is actually the right course of action. and maybe they are battling inflation as efficiently as they could. or maybe not as efficiently as they could, but at least in somewhat of an efficient manner. And also the fact that inflation is coming down. The reason there was such a bullish reaction is exclusively because people are saying wow, Okay, maybe that means sooner rather than the later, the FED won't have to be so incredibly hawkish as in continuing to jack up interest rates. Maybe they can pause it sooner than we expected. So that's the sentiment if you want the nitty-gritty of it. and maybe some of the not so positive things because overall, this is a very positive bullish update without a doubt like definitely don't forget that But if you look into it, there are certain things that are maybe a little bit concerning. For example, uh, year over year, fuel oil is still up 19.8 Almost 20 percent. Uh, fortunately, used cars and trucks are taking a little bit of a breather because they've been ripping for a while now. New vehicles still kind of going up. But one thing that people are kind of concerned about here is the fact that food is increasing. Food is unfortunately still going up more than people expected, so food still very, very costly. But overall the clear message is all items less than expected, so that's a good thing. but it's not one of these like five star reports. I Would give it four stars, four stars for the bowl four out of five, so still pretty decently solid. but let's focus a little bit more on the food just for now. It could be cheaper to dine out on Thanksgiving this year as CPI food at home prices soar. So yep, they're still going up. Prices for Staples such as turkey, eggs, bread, and butter are up even more with grocery prices over 12 percent, so they're exceeding it if you look at poultry. Seafood Like all that stuff, I mean eggs up 43, butter margin of 33, flour up almost 25 canned fruits up 19. As you can understand from this, certain products in the food category still Sky High Fortunately, once again, I I Don't want to add like Doomsday Vibes to this because it was actually a very, very good report. That's the headline and it's just one of these things that there's a couple things that we would still like as a society monetary policy politicians to take a bit more of a breather. but overall a good good day. So that was the big report today. CPI Obviously we still had some Fed members speaking. they were all talking about it. The main message from them if I had to kind of give a synopsis for you is saying yeah, No, we're still going to do interest rate hikes. maybe just not as aggressively as we thought before. but don't think we're just gonna pause here. And even with that, there's still an 85 chance that we get a 50 Bibs rate hike in mid-December We will find out on Wednesday December 14th. That's the next time we're going to get a Fed rate. Like most likely it's going to be 50 bips If I had to throw it out a guess here, especially after listening to all these today, it will most likely be a 50 bips in December a 25 bips in January and then from there, especially if we keep seeing this trend in inflation going down and down. For example, last month it was 8.2 Now we're coming in at 7.7 That's pretty good. That's a decrease of half a percent. So if we keep up with that I think 50 bips December 25 bips January And then we're gonna pause I Think we're not going to go up I Think we're not going to go down I Think they're just going to let it coast and coast and coast. And then maybe maybe the end of 2023 started 2024. Maybe that's when they start. you know, murmuring to each other about some rate Cuts as soon as you hear rate. Cuts Man oh man, that is the time to once again. Double Down Triple Down quadruple down on being a bull because that will send things much much higher. We're gonna see is: you're going to see stocks rip. You're going to see Crypto Rip. You're going to see the dollar come down, You're going to see yield come down, and you're going to see bonds pop. That is exactly what I believe is going to happen as soon as we really get into. Honestly, it'll probably happen when they pause rates and then it'll be even more dramatic when they start cutting rates just quickly as a call out for tomorrow. just so you know it is. Veterans Day So an early shout out to all the veterans who are watching right now. But also just so you know, this is technically a government holiday, but it's not a stock market holiday. so if you're watching this on the evening of the 10th, just so you know, the market is open on the 11 month, please do not forget that if you have live positions right now, they're still going to be live actively training tomorrow. A couple other things came out today. in relating to the housing sector: Mortgage rates fall sharply to under seven percent after inflation eases. So remember when the FED sees that there's inflation. One tool to fight inflation is jacking up interest rates that trickles down, and it increases the costs of many things, including mortgage rates. Right now, mortgage rates that are at a 20-year high. But fortunately, with the fact that inflation is coming in a little bit less, it's taking a breather. Obviously it's in the realm of seven percent, which is still absolutely Sky High But maybe just maybe this might be a high water mark. I Saw some crazy numbers coming in at 7374, which was ridiculously high. I Think the average got to seven, two, seven three. But maybe just maybe we're seeing the high water mark of how crazy the rates are gonna get. And remember the FED fund rate. It doesn't just trickle down a mortgage raise. We're talking about credit cards. We're talking about your bank interest rates. We're talking about your student loans. We're talking about credit cards. Those are all major major things that impact all of our Lives But Please understand that the tone for them gets set by the federal fund rate. so we're still going up. And the big question is, just what's the terminal rate going to be? What's the terminal rate in terms of what's the high point we're going to get to before they decide to pump the brakes a little and say all right, like let's see what's been going on. But overall, so that came out today, but things still looking pretty good. Unfortunately not everyone believes. that car icon who is a famed investor says he still thinks we are in a bear Market rally despite Thursday's rally. So if you don't know what a bear Market rally is basically when the Market's trending down I.E a bear Market there's a very common phenomena known as a bear Market rally when you get brutal pops of The Upside In fact, artistically, some of the best singular days, most of the best singular performance days to the upside, actually happen in Bear markets. And that's just because bear markets are associated with crazy high volatility such as exactly now Carl Icon: He's kind of the guy that made being a corporate Raider cool. Actually, there's an interesting documentary on HBO Max about them I recommend that everyone kind of watch it. but this is some of what he had to say today. What is your reaction to this incredible rally that we saw today on that better than expected inflation report? Well, you know, I've been bearish uh, for a year and a half or two years, but we keep our portfolio head so it doesn't mean a lot from the net worth of our portfolio. or I I pee too much. but I am still very, uh, quite bearish on uh, what is going to happen I A rally like this is of course Very Uh, dramatic to say the least. very dramatic. but you have them all the time in a bear market and I still think we're in a bear Market You You have these rallies because it's almost like a commodity. It is only a certain percentage that actually traded or make that final move in it. So if you take the population of stockholders, there's only a small percentage of trade like this will move it. and then when the market goes down, you you have a large short. a short interest builds up and then when you have any news, it suddenly propels this. So I I Do think it's um, certainly, uh, dramatic and maybe exciting. But I don't really think it changes. Uh, my opinion on the main on the basic problems that we have. So basically he's saying hey, this might be a fun little party for the night, but not gonna last because inflation is still high and he's not quite buying the trend. Fully going to the downside as of now now before we move on because I do have some interesting counterpoints from very respected people I Want to take a quick pause on tonight's show and ask all of you to join me in a round of applause for Dallas and his daughter, his 12 year old daughter who got seventh in the top dirty 100 girls for a Motocross in the country number seven out of 100. It feels like there's actually going to be. it. feels like we have the father of a very famous daughter in here. So seriously, uh, shout out to Dallas shout out to your daughter and I don't know if she's listening right now, but could you tell her that everyone in The Goonies gives her a congratulation for kicking ass. Awesome! Awesome to hear. Very, very proud of her and Shout out, uh, shout out her like she's crushed I Want I want to be a Motocross rider? How do I do that anyway? Uh yes, everyone join me in giving a special shout out to her. She kicked ass I hope she got a giant trophy for doing so. Onward and upward. So Coral Icon obviously famed investor Uh, definitely a Wall Street Titan Thinks Bear Market Rally thinks this only Mass Like lasts for a momentary blip in time and we're still going down down. Not everyone agrees though the stock market is poised for a significant year-end rally because inflation is basically over according to Jeremy Siegel Wharton which is a very, very respected business school. Nobel Economist Paul Crewman says the drop in inflation means a soft Landing for the economy is increasingly plausible I Find this interesting because I myself was one of the people kind of mocking the FED of saying oh yes, soft landing and then everyone was basically using clips of like planes doing the exact op opposite. So you have Krugman and Siegel on one side saying hey, inflation's coming down, we might be good but then have Icon all three men who are very much well respected saying no, it looks like like shit's still gonna hit the fan and I do ask that of all of you, where do you think we're going? Do you think the bottom in the market is in? Do you think that the bottom of this particular bear Market is in? or do you think this is a bear Market rally Which side of the argument are you on? Because honestly, after today's reading I'm confused before this morning I was thinking okay, yeah, the Bulls might have a little bit of their fun but I just know the fed's still gonna do 50 bibs, 70 25 bips I thought the bottom was going to come in early 2023. in the first half of 2023 I've said that endlessly to you. but now I mean we dropped by half a percent. Imagine if the next reading comes in and we're in the low sevens and then we get into the sixes in like December or January That's a very, very good argument. and I think the market will get extremely extremely optimistic of the FED starting into cut rates. Maybe they'll get a little early, but it doesn't really matter because if they're optimistic about it, we can see some crazy runs to the upside. Um, so what are you guys saying right now bottom is in I Think it still might feel that way Someone just says howdy what up Kinky Kong it's been a hot minute I Hope everything's going well my Roomba no this was a hiccup. We are going lower. It feels like even you guys are a little split right now. just so you know. Goldman Kind of agrees with what we've been talking about here. We continue to expect the FED to slow down the pace of fed fundraise with a 50 bips in December and 25 bips in both February and March. So the March part is something that I don't necessarily agree with. I do agree with the February part, but also hey, they're Goldman and I'm me Matt so we'll see who's ending up gonna be right. Like you know, it's easier uh, to see who's right when all that passes. But I mean a March call out. It just seems oddly early to have like any good information on that right now, because there's just so much that's going to happen between right now and then that I It Feels inappropriate to call out March Uh, but right now, the bonds Market really basing on yields the CME watch tool. The FED watch tool is telling us 50 bips in December 25 bibs in both February March I I Didn't know the March thing, but hey, if things are tapering down right after that, we might get the pause. and man oh men, I would bet quite a bit of money that that's exactly where the Bulls are going to be excited to absolutely rip. Um, obviously feel free to comment on this, especially after the video because I would love to get your thoughts I Want to read through all of them and basically you guys being my financial advisors I Want to know if I should start really buying now? I was prepping for early 2023. but hey, maybe you guys have insights that just go over my heaven. And maybe I could learn a thing or two. Absolutely happy to. Now before we get into the craziness of really Crypto right now and the insanity of the past week. Three days, Two days, One days. Every single hour you look at Crypto Twitter Your mind is blowing. Uh, a very special shout out to attendees. Now remember tomorrow is Friday Which means it's payday Friday Which means we are giving away a thousand dollars. The thousand dollar giveaway is sponsored by attendees pinned to the top of chat in the description of the video. That's the prerequisite. you just have to have attendees account. It is honestly that simple. What do you get with your attendees account? First of all, it is 100 free. F-r-e-e You get no credit card or anything like that. There's not even an option to put it in. but when you do it, you get free options for many services. Charge you whatever. 20, 30, 40, 50, 60 they give it away for free. On top of it, they're about to roll out with an options profit calculator all ready for the phone app. They have an earnings calendar. They have a bunch of free research that they're giving away all at this populate. They have also a feed that will be specialized to you and what your stocks are so you can log into whatever Brokers you want. So if there's any breaking news related to the particular equities you're in, you'll get that information there in the feed. This is all 100 free. You just gotta sign up. There's a web app, there's an IOS app. There's also an Android app that there's a wait list for, but I'm told that it should be here soon. so I personally just use it on the web. but I also have it on my phone. Uh, the phone. It's actually built out in a different way and there's actually more things you could do on the phone and all that stuff will be coming to Wed very, very soon just to recap all this information. The main thing I use is options flow and I'm very excited for the option calculator. but regardless, you get it for free pinned to the top of chat in the description of the video. Shout out to attendees for not only sponsoring this, but also sponsoring the thousand dollar payday giveaway, so show them a little bit of love. Let's talk about people who are getting the exact opposite of love. In fact: I would say right now. SPF Sam Bakeman Freed might be the guy who's getting the most hate in the entire world. He tweeted this out today: I'm sorry, that's the biggest thing I effed up and should have done better. Now if you don't know what this is in reference to, you gotta watch all the other crypto FTX Binance Crypto debacle stories to kind of get caught up to speed because I just want to give you the next chapter in this absolutely insane story. So why was he saying he is sorry today? Well, it's because he did really sus stuff FTX tapped into customer accounts to fund risky bets setting up its downfall. This isn't one of those things of an accidental mistake here or there. They use customer funds to make crazy bets and they didn't pay off. That's not something that's just forgiven by saying I'm sorry you lost a lot of people, a lot of money and it's probably illegal I Don't know I don't work for the SEC Yes, the SEC had a lot of commentary on it this morning. We will be posting that video later on this evening. You gotta watch it. but this is I Don't see how someone avoids prison in this. I Feel like someone in this story is going to end up in prison? you know? I say that though. But according to the movie The Big Short The whole big short craziness. the housing sector. only one low-level guy ended up getting any jail slash prison time at all. Everyone else walked away scot-free and the very next year they got some of the biggest bonus checks they've ever seen. So maybe I'm just a little bit naive to think that the SEC and they're not really a prison. But like let's just say, the Doj I guess I'm a little naive to think that the Doj might actually take a look into this Anyway, Ftx's chief Executive told investors this week that an Affiliated trading firm owes the crypto exchange about 10 billion. He's talking about his Affiliated trading from: Alameda He siphoned customer funds over to this other fund to trade and they blew it up. How Wild is that crypto exchange? FTX lent billions of dollars worth of customer assets to fund risky bets by its Affiliated trading from Alameda research setting the stage for the crypto exchanges implosion. FTX Chief Executive SBF There's too many acronyms going on said in investor meetings that this week Alameda owes FTX about 10 billion. That's not something you find under your couch, folks FTX extended loans to Alameda using money that customers had deposited on the exchange for trading purposes a decision that Mr Sam Bakeman Freed described as poor judgment call every time I Read that I cannot keep my shit together. This dude straight up used clients money as his own piggy bank and he's like ah, now that it blew up and I lost many, many people billions and billions of dollars I guess that was a poor judgment call hey man I guess I would be at minimum saying I'm sorry as well. Now obviously this is a very long thread, but I just want to call out some of the major things here. Uh, first of all, he admits that this is just another story of greed and he blew his risk out the window by using way too much liquidity. Now for my Us viewers: I Want to make one thing clear, but it was clear this morning. Now it's becoming very murky. He did State a mere nine hours ago. FTX U.S Users are fine as in FTX Us and normal FTX are two different legal entities. I Guess that's confusing because it looks like I'm saying fourso. Let's just do that real quick. Two different legal entities. So literally, up until today, you should still be good on Ftxus. I Have bought crypto on Ftxus, but ever since the Terra lineup I blow up I've been explicitly clear about this: Do Not Do Not Do Not Do Not Ever Keep Your crypto on an exchange. Self-custody is the way to go. This has been something that I've been harping on, especially this week. But ever since Luna blew Up Yes. I've worked with FTX and sponsored with them and I made it explicitly clear. Buy Your Crypto there. That's fine, just do not keep it there. The same goes with anything Binance coinbase. Do Not keep your crypto on Exchange You're asking for trouble. You were asking for a lot of trouble. But like I said, this whole situation getting a little bit more murky. So I want to talk about that because at first we were told it's all good. but then we just got this a little bit ago. Ftx's Us website says trading may be halted in a few days, but withdrawals are still available I Don't know what other headline you would possibly have to read to understand they're telling you, get your money out. Now this isn't financial advice. this is me just interpreting a headline for you. Why take the risk, even if there's a 0.1 chance that you're gonna lose things. Why take that risk, take it off exchange, Get a cold wall. It's not hard. You could do it for free right now. If you already have a hardware wallet, that's what I use I use a ledger Nanoesque, throw your crypto on that. get off. There's no point in taking the risk right now. Unfortunately, if you're an FTX International there's a good chance everything's actually gone at this point in time. But if you're in FTX Us which just looking at my audience as almost all of you, that's what you got to be doing. Take your money and run run run run run run run. FTX Digital Markets Assets Frozen By Bahamas regulator this came out minutes before I started the stream and man oh man it was not good. The basically when it rains it pours in. the whole situation for FTX is getting worse and worse and worse. Now there were some maybe little positive developments so early this morning TRX momentarily surged four thousand percent on FTX after Justin's son emerging as latest would-be FTX Savior and what their the rumors were was there was going to be a concoction of where you could trade for a one-for-one parody what you have on FTX and get it out to a different wallet. So that was early this morning and we actually have an additional update on that. Justin FTX reaches an agreement with Tron allowing TRX BTT Jst Sun and HT holders to swap assets from FTX for one to one on external wallets. as in whatever you have there you can switch it out to whatever this whatever TRX BTT GST and then from there if you wanted to you could switch them even more to like the next thing. So there are various ways to my understanding in real time right now if you're watching this on November 10th for you to get out, you might just want to be a little quick with it because we don't know how long these windows are going to remain open. Crypto is a significantly non-compliant Market Investors need better protections as FTX faces collapse. SEC Chief Gary Gensler says so early this morning he was talking with CNBC Andrew Sorkin and I was we streamed the whole thing in the morning stream. That was an early one at 8 A.M ET Today I offered some commentary and additional detail on it and this is the tldr of basically yeah, no, we're going to come down on Crypto Very, very hard. but I'm going to post the entire interview and my additional information. Uh, a little bit later this evening. I If you're in Crypto at all, if you've been checking the SEC at all, this is something that you need to watch. It'll be up around 8 30 p.m today, just so everyone knows, But this is giving the ammunition to the SEC to be very, very harsh against crypto and that's most likely how it's going to go because people are tired of getting blown up. FTX asks Kraken to Aid in Liquidity Crisis a day after Binance Rescue fell through. So this is the newest person that FTX Sam Bakemanfried is running around to and saying hey, man, could you give us some money We're trying to save what we possibly can. Obviously Binance looked into it and they said after our due diligence, the hole in the balance sheet was just. it was just too big It was. At first it was estimated to be above 6 billion, then people said it was above 8 billion and now people are actually saying it's a little bit closer to 10. Billy Exclusive Bakeman Freed Six seeks 9.4 billion package for FTX Rescue According to sources, that's a lot of money. That's a lot of money. and obviously he's going around to other crypto players. I Don't know if another crypto player is going to do this. I Really really don't I think of anything. It might be a widely unrelated business that just has a lot of money who's been crushing it Like imagine if some sort of oil player comes in and says, okay, we'll do it, We have some extra crash. we have been crushing it recently, or just a completely different conglomerate that just might have the money on hand. Uh, there are still big big players out there that could cover up a 10 billion dollar issue. I mean Twitter was purchased for 44. So we're talking a fourth of that for arguably a product that's worth more. Well, it depends on really how bad the balance sheet is and what's going on and the fact that this is FTX not FTX us. So there's a lot to go through. a lot of legal and financial mumbo jumbo, but those early estimates of a six billion dollar hole in eight billion dollar hole. as you can see, it just is getting higher and higher and higher. And what is this hole from? Well, it's just from the fact that Sam Bakeman Freed was using clients funds put it into Alameda They made bad bets and it blew up and they just don't have the assets. The real assets. They say that they have their own their own Ftt, which is Ftx's token, but it's just backed by them. It's funny money. It's fake money and it's kind of crazy because I think as the person who I was in FTX user I was also a partner with FTX and maybe many of you were on FTX Heard about it and you might be thinking but how did no one catch this and no one caught it it was. We're just not at the realm of you. We're not at the realm of me. and being Partners we're talking about big players. We're talking about BlackRock Paradigm we're talking about SoftBank we're talking about Tom Brady Kevin O'leary many, many people who are way more intimately associated with this company got absolutely screwed. Do you have any investors are losing billions and billions and billions of dollars on this particular deal I mean check this out. Sequoia Who is a very well-known investor I mean they recently did a crypto deal with Paradigm and Citadel to build out their whole stuff Sequoia Capital marks down its FTX investment to zero this was floating around on Twitter but they had like kind of the write-up of how much they just liked Sam Bakeman freed and honestly it has the vibe of a bunch of middle school girls who are going crazy over. like the Jonas Brothers or Harry Styles like the writing, it's comical. They're like oh my God we love you so much that's one of the world's biggest VC firms and that's the professionalism of how they're thinking about Investors money. Well, when you act like that, this is what you end up getting. This is what happens when there's just kind of your classic lack of DD driving the wheel and also when you pair that with a borderline sociopathic Thief who's just lying and lying and lying time again. this is the situation you get where people unfortunately get very very hurt. Obviously to Big players like them, they don't care because they're still going home to whatever their fourth apartment in New York But on the flip side, there's a lot of other little guys who they put a big percentage of their own assets into it and now unfortunately they're frozen. So if you are an FTX us I want to make this very very clear: your window is getting very small. Get your money off FTX International It sounds like maybe it takes a little bit of a technical know-how but you can transfer out through Tron and then from there be a little bit more safe so you do have options. You're not completely screwed right now, but I Fear that the time is getting less and less and less your clock is clearly ticking. Miami-Dade County Will explore all legal remedies if FDX can't pay Arena deal. So FTX had no issue spending all of their fake funny money and they were buying jerseys for sports teams. They got an entire Arena and it came down extremely quick. so we'll see how that all ends up playing out. But really, the story of all this is such a good lesson and it's a lesson that is learned. Time and Time Again by every generation. Every couple years of training of what's going to blow you up is not respecting your risk and reward. The best way to overstep your risk is by using way too much leverage and this is just another example of that. Greed will get to you. Do not make your entire focus on your reward, You got to pay much more attention to your risk. This is true on the individual training level, all the way up to the biggest business level. Look at what happened to Lehman Brothers Uh, there's so many examples: Enron Like those were all within the past couple decades. If you go back in history, this is a Tale As Old As Time The rise and fall of Ftx's Sam Beekman Freed who became the crypto billionaire in just four years and lost most of his wealth in a single day and honestly, this article was pretty generous. Last Tuesday SBF was a 30 year old with a mop of brown hair and enough clout to go by his initials SPF He had a cryptocurrency exchange called FTX, a training firm called Alameda Research and 15.6 billion to his name. Now he's just left with 1 billion and his initials unfortunately. I Was writing some other reports and there's some credible I guess opinions and breakdowns saying that he's most likely many hundreds of millions of dollars in debt now not with one billion to his name like a net negative to his name in the realm of maybe 650 million that all happened in a couple days in Empire was taken down that quickly because of a couple stupid decisions and a very, very poor Foundation that is a stark reminder of how quickly shit can hit the fan. Read the 2 30 a.m email Elon Musk sent to his staff his first announcing the end of remote working at Twitter So this came out a bit ago, but very very recently, within the past hour, we have even more exciting, spicy updates for all of you. So this was the email. There is no way to sugarcoat the message. Frankly, the economic picture ahead is dire, especially for a company like ours that is so dependent on advertising and challenging economic climate. Moreover, 70 percent of our advertising is brand rather than specific performance, which makes us doubly vulnerable. That is why the priority over the past 10 days has been to develop and launch Twitter Blue verified subscriptions without significant subscription Revenue There's a good chance Twitter will not survive the upcoming economic downturn. That's all very real. He knows the overpaid and now he's trying to reshape the business so there's at least a little bit more coming in and a little bit less going out. The road ahead is arduous and will require intense work to succeed. We are also changing Twitter policy such that remote work is no longer allowed unless you have a specific exemption. Managers will send the exemptions list to me for review uh, of approval uh, starting tomorrow Thursday Everyone is required to be in the office for a minimum of 40 hours per week. Obviously, if you are all physically unable to travel to an office or have a critical personal obligation, then your absence is understandable. So to me that sounds like normal work I Don't know. Maybe I just am a somehow a unique Millennial but I just kind of always assumed in Corporate America you show up and you're there for at least 40 hours before I was in the world of content creation that was my life I worked in New York I worked in DC those were my jobs and for at least 40 hours a week I was in the office working. That's just what I thought work was and then obviously with Rona that changed many things. but this whole thing is getting a decent amount. or maybe not a lot, but at least a lot of loud people at Twitter Like losing their mind the fact that they're being told that they have to show up into the office and work for 40 hours. It's like literally blowing their fucking mind that they have to do what's traditionally thought to be normal work. And I Have to admit that's absolutely hilarious to me that these entitled SF like almost like Tech Bros like have an issue with it like I broets I guess I don't wanna I Wanna say it's the guys and the girls the tech Bros and the tech broettes have an issue that they have to do normal work. It's hilarious. It's absolutely hilarious breaking. Elon Musk tells Twitter staff and in all hands meaning that he's not sure how much run rate the company has in bankruptcy isn't out of question. He tells Twitter stuff if you can't physically make it to the office and you don't show up. Resignation accepted Elon adds Twitter may have a net negative cash flow for several billion dollars next year. that's not a good situation. so a little bit of an add-on So that email went out this morning, then they did in all hands and this is breaking news from the All Hands And on top of that couple other pieces of breaking news: Justin Twitter's head of trust and safety Joel Roth is reportedly departing the company and we also have this spicy piece of info. the FTC the Federal Trade Commission saying it's tracking Twitter developments with concern. What I find interesting about that is it feels like the FTC is being weaponized by our current president because in the recent political remarks from President Joe Biden Uh, someone asked him about Twitter and he's like oh yeah, like it's worth looking into so he says it's worth looking into just the deal in general. And now the very next day the FTC says something so it feels like it's being politically weaponized. Maybe I'm reading a little bit too into it I would love to hear your thoughts, but it very much feels like it's now just become a weapon of the President to look into companies who maybe he personally has an issue with because remember, Elon went out of his way to fact check the president, which was absolutely hilarious. Speaking of people, just kind of getting raw deals Mark Zuckerberg's giant middle finger to Wall Street backfired for Meta. Welcome to the biggest two-week pivot analysts have ever seen. So just yesterday they cut 13 of the company AKA 11 000 employees. The market loved it. About two weeks ago, Mark Zuckerberg raised a giant middle finger to investors who were clamoring for Cost Cuts The move went stunningly wrong, crushing the shares of Facebook parent company Meta. So basically reality Labs which is the home of their VR Meta headset. They've been burning billions of dollars and they don't have much to show for it and he said no, no, no I'm doubling, tripling, quadrupling down on it and if you don't like it, you can go f yourself And the market said whoa, we could go F ourselves and the stock dropped a huge percentage and he lost billions of dollars. Well, it sounds like he had a little bit of a reflection period. Maybe he did a little bit of meditation and he decided to cut 11 000 people. He extended the hiring freeze into the first quarter of 2023, plans to add fewer employees next year. The company lowered his 2023 expense guidance to two Billy and a change that came only two weeks after issuing the previous one at earnings. It also reigned in the high end of its capital expenditure plans Loop lopping off another 2 billion. So pretty brutal U-turn and I think he did that when he lost like 23 billion dollars in a day. Now to wrap this up, the final story I Have for you is back to our president the U.S is quietly extracting concessions from Saudi Arabia after a Salam a humiliated Biden So this is a story we covered a couple weeks ago of with the whole midterm election thing. They asked them to not do the production cut until after the midterms and then it was a very much a tip for tap. But then Biden came in and he reminded him of like hey, you like all those weapons we sell to you Well, if you want that to keep going, you're going to be nicer to us and they're like oh yeah, shit fuck we forgot about that. So now they're kind of playing a little bit more nice. Saudi Arabia has made moves to placate the US After a recent Feud over oil. The Kingdom has increased its support for Ukraine in the war against Russia. So basically they're saying you better side with us and not your Bros over there in Russia So a little bit of a political update and the reason I'm covering is just because in case it becomes something bigger I want us to have a little bit of a foundation for it now to really wrap this one up before I Get to your questions I Just think it's fun to look at this. look at this: the Spy rip today up five point five percent the NASDAQ of 7.4 Apple up almost nine percent Tesla Up seven point four percent oxy up 3.75 AMC ripped 18 the list just goes on and on and on. Uh, meta was up 10 Amazon was up 12 it was Rip City how many bears got the shit squeezed out into them Germany's shorts got their face ripped off today. Man, there was serious money to the upside. Now the golden question is is this going to last? That's a very, very fair question. I Would say this is some serious momentum and what I'm going to do is I think we're back into the realm of just basic technical analysis. The market popped came down, touched this trend line. We popped a little bit more. We once again test tested the trend line and yeah now unfortunately there is a gap. those in the downside at 381 14.

eventually that will get filled, but we don't know when maybe first we're going to get the upside Gap to let 408.50 So right here this is my big call out for probably the next couple weeks is basic technical analysis. Look for bounces, look for rejections, look for breakthroughs, look for breakdowns, Look for basic trend lines right now the trends to the upside. seasonality is also to the upside, and there's a new sentiment that maybe the Fed's gonna be a little bit calmer, a little bit less hawkish I Don't want to say dovish, but a little bit less hawkish. So I'm thinking that maybe just basic seasonality and political patterns of being a midterm might come into play, which would be bullish not only in the world of equities, but also very much in the world of crypto. Right now, crypto is a little bit more sensitive because we're waiting to see how the FTX deal really ends up playing out. so be a little bit calmer there until we get more clarity on the story, which is very like Dynamic it's developing in front of our eyes. literally hour to hour. We have another FTX update. So my point here is we're super close. We're almost out of the weeds for this whole bear market we've had to deal with for literally the entirety of the calendar year. So we're getting there. We're getting there, we're getting there, and then once again, it's going to be the Bulls day in the sun where we can just rip to the High Heavens That's what I have for you in this episode of the Matt Court show the MK show or whatever the hell we want to call it. But thank you thank you thank you! This is the perfect time to post any of your questions. I'm gonna hang out with you for a bit more as long as you have questions as I'm waiting for these questions to come in. Don't forget to check out Tendy's pinned to the top of Chat in the description of the video. It is free. You get free options flow, they have options calculator that will be coming out soon, they have an earnings calendar, they have free research, it's all free, no credit cards or anything like that. and then you could even get a personalized news update to whatever's in your exact brokerage which I think is awesome. And then also don't forget to hit the like button I See that we are at 377 on YouTube YouTube I Know we can get that up to 500. Destroy that. And then where are we at? We're not even at a hundred on Rumble What are you guys on Rumble doing? You got to blow that up to at least 250. There's almost 700 of you watching right now, so uh, make sure you're hitting the like button on YouTube and on Rumble once for the algorithm. one's for the battle leaderboard and don't forget to subscribe. In fact, that's more important than liking because I'm told that's the best way you get notifications, but it seems like on YouTube a lot of people don't get notifications anyway, so at least we get a little closer and that's the best. I could do uh to try to fight against our overlords there at YouTube but on Rumble it definitively works. It works. Chef's gifts Perfectly perfectly perfectly perfectly. All right. Now that you guys did that. Thank you, thank you, thank you! I Already see all the likes and the rumbles blown up there. Uh, another special shout out to Dallas and his daughter for crushing it 7 out of 100 I Guess competitors in the world of motocross, so that is absolutely awesome. And now what are your questions? All right? Let's get the chat box popping up. Uh, Rumble Chat our load of freeloaders. That's harsh. How do I get off of coinbase? You just send it to another wallet? You just get your own, uh, cold wallet heading over to Rumble Toe Cutter I Appreciate that. Just keep my crypto safe. In case of sassy reasons, that's the best thing to do. Question is: 12.99 Too much to pay? Uh for a picture of Chedda's feet with topping? No, that's a great steal actually. Matt Uh, where's there a test and a and or a gap up. So we gapped up today. But just keep in mind there's another Gap fill up. So now there's three gaps in the S P 500 chart. One down to 381, one up to four weight and the next one's like I think closer to 420. uh I like trust wallet but do your own research I'm on trustwallet I have metamask I have the coinbase wallet but I really use The Ledger Nano X but Hardware wallet I think all I also have a cardano one daedalist and then I also have a weird Solana one on my phone as well uh Rumble chat likes boiled hot dogs can confirm and that would keep it safer because I know I bought algo but the interest rates is awarded only if I stake it. That's my point is. so if you get it into a cold wallet or if you take it offline, you're no longer getting those interest payments. But that's that's the scam of. they want you to keep it on so they can use it and that's why they're paying you the interest payments. but they're not worth it. Those little interest payments are not worth it relative to the risk of losing everything. so as soon as you take it off, you're not getting those anymore. But it's simply just not worth it. The risk reward there is. It's a little reward, those little baby interest payments, but the risk of losing everything In my opinion, it's just simply not worth it. Has CPI data somewhat saved Crypto Market from the FTX follow in my opinion. Yeah, I mean as soon as the report came out this morning, that's exactly when we saw crypto bounds and the equity Market found so it helped at least helped in the short term. Still needs to be called. Settle for Less with math course, Settle for Less. What's the difference between AMC and AMC 1 on the option chain? Um, that's the options that were created before the Ape made its debut. Uh, because basically you have like normal options like it's standard and non-standard so the AMC ones are non-standard ones that incorporated that like were live before ape was a thing. So Eventually those who will go away as soon as all those expiration dates are hit. Uh so most likely if you're looking for one, you're probably gonna want it at like just normal AMC Not, you're gonna want the standard ones, not the non-standard ones. Non-standard ones have less liquidity and it's harder to get in and out of a position. Matt What's your age please? It seems aggressive that you're asking that I'm 28. I think I'm I'm pretty sure I'm 28 I was born in 94 whatever that means I think I'm 28. when are you coming to Miami Hopefully soon. There are some creators down there uh that are very very well known on Rumble that I'm hoping to do some extra content with, but nothing etched and stone quite yet FTC needs to look into Rumble chat not Daddy Elon Thoughts on FedEx Uh, they had some negative reports. They're basically calling for a serious downturn in the medium term basically mid-2023 Um, they're calling for a weaker economy. So in this short to medium term, not the most bullish, but long-term I mean I think FedEx is just a strong foundational business. Uh I am going to win a thousand dollars tomorrow. New to it Jim I hope you do age now please. Matt Do you do IB Stock yield enhancement program I Do not. Uh, do you have any dividend stocks? probably my long-term portfolio. my main ones oh I own oxy now and a lot of energy plays have nice dividends I know Microsoft has a decent decent dividend Apple has the dividend but it's pretty much negligible Disney used to have one and now it doesn't really do anything anymore I don't think it offers one at this moment in time. Uh so I have some I'm like I'm okay with dividend investing like in terms of how much I like it but I'm not like in love with it. Uh, come out to AZ let me show you Scottsdale young would love to and do you hate Pittsburgh I don't hate Pittsburgh I Find the roads to be very difficult to drive, but I also have an issue with Pittsburgh like being thought of as a place in Pennsylvania it's very much Midwestern like I feel like Ohio should have Pittsburgh just for cultural reasons. Do I think the Blazers will win tonight? Uh, it sounds like you want them to win because your name is Blazers Win Blazers win Dwight Schrute Um, so I'm just gonna say yes for you and I'm gonna be in support of the Blazers winning tonight. What will happen to Voyager and block fight now that FTX is toast? Uh, they'll probably most likely go back on The Auction Block Uh, Obviously, they're not going to be bought by FTX anymore. What's my opinion on Xrp? Uh, I don't really have an opinion on the crypto itself because I'm waiting for the SEC case to settle. So I've been kind of loosely following that story. Um, obviously. Library Earlier this week, late last week, they lost their SEC case. but apparently Ripple has a stronger case. so I'm hoping that they're Victorious But in terms of an investment, I don't own any Ripple and I'm just waiting to see how this SEC stuff goes. Thoughts on: AMC Call 25 calls for January 20th Uh, I think that's a bad idea personally. Maybe I'm getting this one wrong, but I just don't see there being much upside in the stock until the dilution's over. And as of the earnings call on Wednesday Thursday Tuesday Tuesday of this week, uh, they're only done with 3.5 of the dilution opinion on Kraken helping out FTX Will they won't? they? I don't think they will because they're going to do the same DD that Binance did and if Binance said it didn't pass their DD why would it pass Krakens uh were you in the movie Legally Blonde Two? no I auditioned for the main role uh I just wasn't selected. Apparently they liked uh Reese Witherspoon better which I think is bullshit I would have made a great blonde lawyer. Oh speaking of that though, apparently Lindsay Lohan is in a new Netflix movie that just dropped today. So I think I'm gonna go watch that and I'll expect you all to be in the Stream tomorrow morning not only for payday Friday but to hear my breakdown of Lindsay Lohan's new movie I Have no idea what it's about at all but I'm I'm pulling for her I'm pulling for her to make her come back I'm team Lindsay I think she got a raw deal from the world I Just think she's just misunderstood. Fun fact: Matt Dating Lindsey Lohan in Middle School oh that's hilarious Someone said Trey uploaded a video actually actually oh it's not coming up for me because I unsubbed honestly I don't have uh I don't really give a shit about watching it I'm gonna go watch the Lindsay Lohan's new movie Peace Out Girl Scout I'll catch you on the payday Friday stream tomorrow morning 9 A.M Be there, be square, bright and early have a Bea beautiful day. Thanks for all the support.

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