Mum, hello, hello, hello, hope, you're having an absolutely beautiful day. Welcome back to the world renowned stock market show of the galaxy dumb money presents with matt kors. What in the world is going on in those squiggly little lines on the charts throughout the day today? That really has a massive impact on our emotional state, even though it shouldn't very very excited it is i don't know what thursday april 7th? I know it's the 7th, i'm not really sure what day of the week it is because who really believes in the gregorian calendar anymore, but anywho, i'm i'm optimistic, i'm optimistic for a good day. I really really am and i want to get into it, but i just i have two gratitudes.

I want to share with everyone, one of them. It's i'm still floating on my toe tips, i'm feeling good, i'm on cloud nine, so i'm feeling optimistic, i'm feeling good. I hope you are all feeling as good as well we're going to talk about. What's going on in the overall market.

I want to dive a little bit more into the fed, we're going to be talking about a little ukraine stuff, a little elon stuff, and then man, oh man, do i have a bone to pick with warren buffett um. You might have heard of him. You might not have heard of him he's like an okay trader like he's decent, like nothing really like too special but um for the people who have heard about warren buffett, we're going to be getting into a story that i would say on the flip side. That was a little bit more of an upsetting thing that happened to me this morning, so i want to get everyone prepped for the day, so we're feeling a little bit better going into that bell.

Going ding ding ding ding at 9 30., but before we get into that, if you want to know what's going on kind of with the moon game community, when we're not doing live streams, that's exactly what's pinned to top of chat. You can see my trades. You could see other community members trades, there's a free option, there's a 10 a month option, but that's pin to the top of chat and it's in the description of the video. So with all that being said, let me do the old switcheroo right here just so.

You can see what's going on so the spy had a wild day yesterday, i'll be covering what happened there same in the queues amc jimmy, unfortunately, down on the day. Well, amc was down on the day. Jamie was down or green on the day. So a really weird mixed bag - and you can see that the morning was a bit bearish, then boring and then at 2 p.m.

That's when the volatility really started to pick up and that's what i'll be honing in on of like what in the world happened from 2 p.m, till 4 p.m. So we'll be talking about that! But to give you the quick, i guess a little snapshot of. What's going on uh the down the s p slightly red right now, the nasdaq is slightly green oil coming down and that's going to relate to more oil supply being released into the world and then yields also still sky high, and this is anticipation of maybe now Getting a 0.5 interest rate hike and we'll be actually talking about that. So just so you know early this morning this came out.

Weekly jobless claims fell to 166 000 last week, the lowest level since 1968. Once again, this is another thing that is showing the current strength of the economy. This is not necessarily the best thing for the stock market. You might be like whoa wait.

What that that doesn't make sense. I thought the economy was the stock market, blah blah blah yeah, there's a very, very strong correlation, but sometimes you get into scenario that we're in right now, where if the economy is really strong, it means the fed doesn't really have a reason to not be hawkish To fight inflation, but if they go hawkish to fight inflation, it's not the most accommodative environment for the stock market, because money is more expensive. Money right now is absurdly cheap. So if you go interest rates higher, that means it's harder to get your hands on loans and that type of stuff.

It's harder for big banks to loan money to other big banks that type of a deal anywho it's overall, not as good of an environment for business growth. So when you see good stuff for the economy right now, that puts more pressure on the fed, i.e. Jerome powell, bullard daley brainerd, all of them to be a little bit more hawkish to fight inflation. So, even though this is coming in and that's a good side for the economy, it could be a little bit funky in terms of how the market is going to react and that's exactly what we've been seeing.

Even with the day when unemployment report came out on friday april 1st, it was good. We came in at 3.6, that's one of the lowest unemployment rates we've had like in many moon, and with that we actually saw kind of a decline in price so very quickly. Five things to know before the stock market opens today, thursday april 7th wall street looks steady after two days of fed driven selling, i'm gon na dive more into that key treasury. Yield spread remains inverted after jobless claims data.

So, yes, we're still inverted and i've done like a full video breakdown and if you guys want please, please let me know uh if you need another video of me more, maybe astutely or concisely, explaining what yields are, what a yield inversion is what yield flattening is What it means i can make that video again and ideally make a better one, but obviously that happened right when we saw like little. I guess signals that it was about to invert and it did for like a couple minutes throughout the day. But now we're fully inverted and the reason it's a big deal is because from the 1970s until now, every session we've had before it, there was an inversion, but sometimes there's an inversion without it. Sometimes it gives like a false signal, but everyone we've had has at least been followed before that, so that's important, but also no, it's not immediate, and i know this is something and i might sound like a broken record.

It's something that i repeat to all of you, but you have to know on average, from the point of the inversion, all the way until the actual recession on average it's 17 months, the fastest one has been six months and the slowest one has been 23 months. So, on average it being 17 months uh, it's not something that you're like. Oh, it's inverted like doomsday like it's, not that type of a deal warren buffett's, berkshire hathaway reveals major stake in hp. We're going to be talking about him a little bit more.

Shell announces right off up to 5 billion in assets. After exiting russia, we're going to talk a little bit about oil. Ukraine asks nato for more weapons as russia regroups for eastern offensive. Obviously, this is uh.

Clearly a very sad photo uh. It was just reported out of maripool that they believe about 5 000. Ukrainians have unfortunately, um passed away key people from the fed spooked the markets, here's what they said so has anyone noticed what the general pattern for the fed has been. So yesterday we got the fed meeting notes and you can see that right here.

So we had the meeting on march 15th and 16th and then we got the notes on april 6th april 6th. If you believe in the linear nature of time was yesterday if at least you're watching this in real time, but has anyone noticed so we got this yesterday, so we we're down a little bit and then they came out at two and we were at first bullish. Then bearish then bullish again and then just crazy volatility, but really the i guess i would say negative trend in price action started the day before we actually got the notes. So with this, what happened here well early in the morning right around 10? That's when daley, who is the san francisco, fed member and then brainard, who is the governor of the fed, both were just coming on and they were doing interviews on national tv and they were just super super bearish and or i shouldn't say, bears they were super Super hawkish, which leads to a bearish impact in the stock market but bear or hawkish and dovish, are more of like economic, monetary type of terms.

Anywho i've been noticing at least over the past six months, especially in the past three months. Whenever something's about to come out, i.e right here, they love to front run like i guess human emotion and like explain it the day before or a couple days before. So we got the notes at 2 p.m. But then, the day before, they're already on tv, saying, hey, okay, like it's imperative, it is paramount that we fight inflation.

We might be doing a 0.5 percent, it seems like they're getting the entire market ready for like what's about to happen, and then it seems like it's kind of in a certain sense, stifling the reaction, the very next day or two days later. But if, if you think about what's been going on for all these fed meetings, when we had them in march, what 15 16 right the week before that jerome powell was on tv, he was talking every single time, especially in the last quarter, when something's about to Get announced the day before they're, either hyping us up in more of a dovish way or they're kind of like bumming us out in more of a hawkish way, and that's exactly what happened the day before they all got on tv they're like 0.5 increase, and that's A big deal because last time it was 0.25, then they were talking about a rapid pace for a balance sheet normalization which is super hawkish, aka, quantitative, tightening, the opposite of quantitative easing the thing that really got us through the pandemic era, in terms of in, like Economic sense, so just i've been noticing this, and i thought it was weird and then right here, even though when the notes came out and we covered them a little bit yesterday, especially in the update video, make sure you watch that that was the one with nancy Pelosi, jim cramer and gabe plotkin, with like clown noses on so make sure you're checking that video out. That's when we go into detail about what the notes actually said, but the notes didn't come off as like hardcore as the commentary from daley and brainerd to be. Like specific, so i just thought that was like kind of a noteworthy thing and i don't think they're going to change their pattern, so how we could use this going forward is may 3rd and 4th is the next fed meeting.

If i had to bet right now and i'm basing just on like really what they're pricing into the futures market for interest rates, it looks like they're going to do a 0.5 increase, but i'm thinking maybe the last week of april. I would not be surprised if they come on tv and they're like okay, like it really looks like 0.5, is right, like it almost is like they're front running it to get the market to price it in before the actual announcement. But anyway, the next big fed announcement is the third and the fourth they might be coming on tv doing whatever their interviews with this like whoever either the senate, the house cnbc whoever they're going to be probably talking to someone the week before. So that might be the next thing, but as of now, the current thing that's scheduled for the fed is, may 3rd may 4th a little under a month out.

So if it like, i think now that we have the fed prepping us. Two days ago we got the notes. Yesterday, i think the uncertainty of fed announcements has now calmed down. So i think for the remainder of this week next week and the week after so about two two and a half weeks, there's not like the biggest uncertainty.

I would honestly argue like because we already have the unemployment report for the month of april, like that came out on friday, the first that always comes out on the first friday of every month. Just so everyone knows for the previous month, even though there's still some very, very bad stuff going on in ukraine right now, it seems like the media is not covering it as much as they did so. I feel like that. Whole situation is priced in the fed like it seems like we don't have that many uncertainties at least at this moment in time it seems like the biggest thing that's going on is just like elon is making fun of twitter once again, we'll go over some of Elon's most recent tweets, but he was just making a joke about like the next twitter board meeting, but obviously that's not going to have a huge impact on the overall market, so in a roundabout way.

What i'm trying to say is, i think, right now we might be at the point where we can see some of that seasonality, the typical bullish seasonality from now until the end of april, obviously i'll feel a little bit more comfortable with that, like at market open And seeing how people really react to the fed stuff that we saw over the past two days? But i think, if we're taking out all these unknown things which we don't have many left, i'm feeling a little bit bullish. I'm feeling a little bit optimistic, and maybe this is a good time to like really get into why, and this has no relation to the market. But many of you who follow me not only for my stock market commentary from my relationship advice but or my fashion advice, you're now on to this new fitness regime with me, you're, like all right, we already know it's cheese, it's in sangria. What are we doing at the gym, and you know that i struggle a lot even keeping up with like these middle-aged moms at my gym.

Well, this morning, about two two and a half months into this, one of the mom said matt you're, looking strong, i gave her the double guns and i said right back at you tracy, but honestly, it's those type of comments. It just puts you on cloud nine. It really does put you on cloud. Nine, so folks be be a sense of joy and optimism today, whether you're working from home and you're near your significant other, maybe you're, talking a kid or maybe you're back in your corporate office.

Just tell tell someone they're looking good, be like man, you are looking as strong as a freaking ox and i think you can make their day. Let's spread a little bit of positivity. So uh shout out to tracy really really appreciate that you know who tracy doesn't work for deutsche bank, because deutsche bank they're coming off a little bit negative deutsche bank predicts the s. P 500 will slide 20 next year and shares the four recession drivers.

It's watching right now, so here's the highlight of what you need to know. Deutsche bank just became the first major bank to predict a u.s recession. Analysts said that there's still upside for the s p 500, this year, ie 2022, but for 2023 they're calling out no bueno and they're. Basically looking at the same facts that i already shared of like okay, the yields inverted 17 months a year and a half.

Ah, let's call it 2023., i think they just did some basic math and they're. Like things are a little bit nuts, i think we need a drawdown. The bank told investors to keep an eye on four potential recession: drivers which bank became the highest profile institution to forecast a u.s recession. This week, analysts warned that stock markets would also feel the effects of a recession.

Next year, deutsche bank maintained the forecast that the s p would reach 5250, and just so you know that's about 750 points higher than we are right now, but said economic downturn would likely cause a 20 crash in late 2023. I swear they're literally just saying: okay a year and a half later, okay, yeah, that's 20. 23., like i think this was like the most rudimentary breakdown in 2023. We expect equity markets to hold up well through the summer before the u.s falls into recession and for equities to correct by a typical 20 as it begins before bottoming halfway through recovering prior levels, so they went into some other things of just geopolitical risk.

Obviously, that's important to know fed's hiking, feds hiking cycle they're about to do maybe six or seven straight in a row with the next one being may the yield curve. They're inverted. So it's the basic things that we've already been really discussing. Nothing too new there.

The eu ban on russian coal has been delayed a month after pressure from germany. So this is something that i call covered yesterday of they're, basically saying that russia killed a lot of civilians and they're. Saying putin is a war criminal and then that drove a lot of global leaders to say we need to up our sanctions even more and just stop the imports of anything related to russian energy and the first one on the docket was coal. But now they're saying hang on, we might have to push that out.

The eu is planning a ban on russian coal in response to the invasion of ukraine. A source told reuters that the proposal had been changed to the ban would come in effect a month later than planned. This was the result of pressure from germany. Why would germany do this? Well, germany is absurdly reliant on russia for crude oil, for natural gas and obviously for coal, just to name three, so they in terms of their own economy.

In reference to germany, it would be absurdly difficult for them to do this, like just on the drop of a hat. So i kind of see what they're doing i'm like hang on just for our own people, who would like to have like any energy uh. We need to figure it out before, like they like, send the prices, absolutely sky high and remember that they're already pretty elevated. So it looks like that got for the just.

The coal part got kicked off by or kicked down the road by about a month, but um there's still not really too much of a discussion on. Are they gon na? Do it with crude oil or natural gas? In terms of germany, six gop house members opposed a bill meant to document and pressure evidence of war crimes during russia's invasion of ukraine. Now this is probably one of those ones that, if you're left-leaning you're like yeah, i hate the gop. How could they do this and then, if you're, right-leaning, you're, probably like whoa, whoa, whoa, there's other stuff in the bill? You're, not interpreting it right and to both of you, i would say: i'm not a guy.

You should be taking your political opinions from if you want me to agree with you great. I agree with your side. Whatever side of the aisle you're on, i am right there with you. You're right and the other side is obviously 100 wrong.

Seven house republicans voted against a bill meant to preserve evidence of war crimes by russia. Representative cheney was among them, but a spokesperson said it was a mistake and that she would amend it. The bill, which passed asserts that russian forces have intentionally attacked civilians. So what i really don't like about this is the old.

If you look into it, these bills are considerably long and a lot of the times and that's the old term we learned in high school is pork barrel. It's i hate when we have bills and laws that have a fancy name and then there's a lot within the bill. That has nothing at all to do with what the bill is titled or about there's just other things in the bill, because then you don't know are people voting for it or against it for that extra pork barrel, or is it for the actual, like key components And key pillars of the bill, the way it's meant to be uh call me a crazy person, but i think we and i get it it's just not how our government works, which then that's my problem is the government should work better, but if you can't write A bill, slash law in like sub 10 pages. You probably have too much on that bill of law and there's probably a good sign that there's other in it that shouldn't be in it uh, and i'm not particularly talking about this when i'm talking in more of a general sense that - and i get that they're Lazy - and they don't want to vote on that many things and that's how things actually get through, but isn't that inherently then messed up to even like that's how things get through? Well, maybe we shouldn't do it that way.

Maybe we should be getting our elected officials to vote on things on their true merit, opposed to like i'll vote for you. If you put this in your bill and then we have the votes for that and then we'll hide it in, like subsection, 18 part c of that bill. And then, if you vote there we'll have this. But we'll title it that, because we know like currently in this like constituency, it's red run or this one's like left, like blue, run, that's crazy.

If in america - and i don't know how it is for the rest of the world, because obviously i'm in uncultured swine. If you have like a high school reading level, anyone should be able to rip through and read it and be like okay, that's what this bill is about, and they should be able to do it like in a very reasonable amount of time. Instead, we have like bills that are stacks of paper, hundreds and hundreds of pages that are done, and then they have to vote on it the next day and then our congress and senator's, like i didn't, even read it and you just vote because, like you have To vote in line with your party or you're, like ostracized from your party, which all that stuff is crazy, and i don't understand now - i get it - i'm a stupid. 27 year old, i barely my brain just stopped developing like two years ago.

For all intents and purposes, like i'm basically, two years old, if we're gon na, do the math like 27 minus 25, when your brain's done you're, basically two, so i get it. I'm basically like an infant adult, i'm 100 there with you, but what i don't get is it's crazy and maybe it's just i have. Maybe i don't have the mental capability to wrap my head around it. But someone needs to explain to me why we're running the system we are currently running because, like all it is, is like pissing away money and pissing off, not only our elected officials but also pissing off all civilians and constituents like i just i i don't i I just don't get it.

I just want an answer. So if there's any political leaders currently watching the biggest stock market stream on this entire planet and potentially in the galaxy the numbers aren't in, i would love for you to like myspace me and explain why why we just can't be better anyway, just a little bit Of food for thought, iea members agree to a 60 million barrel release of oil on top of the us's 180 million barrels. So this is why we're seeing oil once again come down sub 100 is people are just increasing supply? The iea will release 60 million barrels of oil to deal with supply constraints. This will be on top of the us's release of 180 oil barrels from its strategic reserves.

Obviously we're talking in millions. Russia's war in ukraine and sanctions have led to concerns about a supply crunch. Obviously that's why the iea and the u.s and then they're talking with various partners of opec, of like hey. What can we do? So that's why we're seeing oil come down so in a certain sense that is good for the rest of the world economy because it just lowers costs.

So that's your! I guess your quick wrap up of the big picture of what's going on, but now i wanted to get into some specifics. Elon musk's twitter moves drove the biggest two-day push by retail traders into the social media platform on record. The revelation of elon musk's big stake in twitter sparked the biggest two days of buying of the stock by retail investors. Individuals bought a combined total of 348 million of twitter shares on monday and tuesday muskets becomes twitter's largest shareholder.

With a 9.2 stake. You got to see what our boy is up to this morning, because this is absolute hilarity. He tweeted this apparently in the middle of the night. Twitter's next board meeting is gon na be lit.

Uh, obviously he's taking this in stride, he's still showing his dominance of understanding, how social media works and how to get people to support what's going on, and i think he is continually dunking on not only twitter as a company but particularly their board. It is obvious that elon has really fought with twitter and especially fought with the sec kind of through twitter and many other people, but i guess that's uh, some luxuries that are afforded to you when you are the world's richest man. You could just like make fun of whatever sitting senator you possibly want to make, and then you can go and become the largest single equity holder of a company and it'd only be a fraction of your net worth now. People who got into the twitter train the rocket ship even a day late after it was announced, still made a pretty penny and it is still going up still looking pretty strong and we'll see how that plays out.

But obviously, if you got into it, especially if you played it appropriately, you probably made some money and you're probably happy, and even if you're not you're, probably in it, for the lulls, it's no secret that life can sometimes suck. And then, when you see things like this, it gives you a little bit of hit of dopamine. It makes you forget about your problems, if, even only for 15 seconds you're like haha, that was funny. It made my day a little bit better and i'm a big fan of that, but there are also people who don't like it and who are not happy with it and those people.

This time around happen to actually be employed by twitter, twitter employees vent over elon, musk's investment and board seat with one staffer calling him a racist and others worrying. He will weaken the company's content, moderation or in another way and others worrying. He will weaken the company's stance against free speech. Chatter inside the company has a similar tone to public postings by twitter staff.

Internally, the company has reiterated that its decisions are not made by individual board members, one of the few consolidations of twitter staff. The stock has surge, boosting equity compensation, so that's a nice consolidation, obviously they're, making some money but um still people like calling him out calling him a racist. I don't know what he has done. That would make him even in the realm of calling someone a racist.

It seems like we just arbitrarily lobbed that adjective at whoever we want these days uh. So if you own 9.2 percent of something, do you get more or less of the blame than the people spending all day every day working to make it better? Well, i think this is very much a disconnected thing, whether it's right or wrong. There is a noteworthy public perception that twitter hampers free speech. That has to be something that's addressed, i'm not saying it's right, i'm not saying it's wrong, but that is a perception that obviously needs to be addressed, so some people would say working to make it better.

Well, some people would say you're making it worse like obvi. It's an opinion. This isn't like a a factual thing. Uh twitter employees when twitter is the main character on the tl.

Wait is this about us uh, so it's pretty funny and then i saw people. It's like sub stack, calling out twitter. So it's a whole interesting thing there, but elon doing what he does best and making some waves moon gang. We got ta talk about something in my year year and a half of doing these live streams.

There's certain times when i'm very, very happy, there's certain times where i'm sad upset angry, i am not certain well actually. I am certain that there's nothing that i have found to be more irksome or has prompted me to become more irate than this story right here. Please buckle up warren buffett's protege, warns of dangerous speculation in markets and compares the meme stock boom to the dutch tulip bubble. This is not written by the onion.

You might be thinking lol, matt, that's a good one. You got us early. No, this is real. This is really real and if your blood pressure is currently going through the roof, because someone besieged the name of the dutch tulip investment, i'm right there with you.

But sometimes this is life and we just have to do our best to be as mature as we possibly can about it. Warren buffett's former sidekick warns speculators. They risk heavy losses in her annual letter. Well, my first gut instinct is: maybe she wasn't a sidekick for long enough.

Maybe she has another thing or two to learn. Can brick co-founder tracy brit cool? Well, that's a misspelling! It's obviously tracy britt uncool bada-boom compared the meme stock boom to the dutch tulip bubble. How dare you, how dare you, brick cool, echoed buffett's, past comments about long-term investing and what makes a great business, and i want you to remember this - we're talking about long-term, investing, keep that in mind because we're going to be circling back to it. So these are some comments from mrs uncool, maybe ms uncool, i'm not sure.

Over the last year, we've seen a rise in speculation under the guise of investing, which is similar to having a friend who goes to the local riverboat casino to invest. So, once again, if you are a riverboat casino investor, she is also coming after you, while both speculating and gambling can produce great payoffs and a sea of endorphins heartbreak is almost sure to eventually follow. Memes and social media are modern inventions. Yet our underlying human psychology hasn't evolved much since the tulip mania of the 1630s.

So between my bouts of anger and rage, i kept thinking about that particular line. I've been fixated on this for hours and hours and hours. Is it healthy? No, but whatever we'll talk about that later or i'll, just talk to my therapist about it underlying human psychology hasn't evolved much since the tulip mania of the 1630s. I love to think about it in a certain sense of we were just always developing in human psychology and then the tulip bubble stopped and i'm just picturing her arguments like that's it like we just like human psychology, better, better, better, better and then she's like it Wrong 1630s was, like the last time human psychology ever improved, uh so back to buffett, because this is buffett's sidekick, ms uncool, but buffett himself, a guy who loves a lot of food for one simple cost: uh berkshire hathaway ceo has urged investors not to treat the Stock market, like a gambling parlor, those are tough words from mr buffet and then they go into a mentor's impact and how she's like come up with some of her own ideology, just like in musical chairs.

Eventually, the music stops and buyers disappear. We prefer finding companies that offer some margin of safety instead of hoping to find an empty seat. So this is really the illuminating aspect of the article and of course they put it right at the in the end because they know who has the reading attention to. Like go all the way to the end, what i'm hearing is just the fact that there is it sounds like she's, really bad at musical chairs.

It sounds like she was the person at various middle school, high school and potentially college-based parties that she just didn't win at musical chairs and hey. I understand if i was always a musical chairs loser. I would be using my position to argue against it campaign against it and i feel like that's what she's doing. I feel like the heart of what she's saying with meme socks and tulips is that she sucks at musical chairs and for those of you who don't know, this is what we need to talk about tulip mania: the 1930s in 1633, a single bulb of the rare Semper augustus tulip was around 330 000 and by 1637 it was over 600 000 uh, which is obviously over half a million dollars for a bubble, and this is how it went from 34.

Up to almost 37, we had a huge spike. People were trading, a singular tulip bulb for an entire house, and then it came down and people are saying that the bubble burst they're, saying that it crashed and folks, let me let you in on a little secret this. This is not a bullet a bubble bursting. This is not a crash, it's called consolidation.

It's called read a book and understand that sometimes your best investments - they can go into a 400 year consolidation. It's not that big of a deal it's just 400 years. The fact that mrs uncool and mr buffet don't think that tulips are going to come back. It really really makes me question if they know what they're talking about do.

They really know about markets, so i i don't know, there's people who are saying no way does a particular commodity based on flowers consolidate for 400 years, and to me it's just like: did you pay attention to investing class? Did you open a business book ever? I don't know just a little bit of food for thought and let me know your thoughts in a comment. Would love we'd love to know your thoughts because obviously, i'm 100 against some of these sentiments crazy, crazy stuff? All right, belle went ding, ding, ding, ding ding. Here we are market open, let's get ripping today, i'm i'm just frustrated. Sorry.

I know we're a little bit late on the bell going ding any ding ding like it's just like when you see something, that's so abhorrently wrong like doesn't it? Maybe that's a me problem. It very well could be like i just get so angry when people who think they know what they're talking about say. Things like that and they're leading so many people astray to say that tulips were a bubble. That's disgusting, that's just so wrong! You're, using your influence to lead people off the proper path, you're always frustrated yeah, that's my life.

That is my life. Some people are talking about sst early this morning. What are we doing up? 23 is sst going for a 400 year. Consolidation sst is waking up.

Whoa, this thing will probably halt again today. If it really gets going, let's watch it amc jimmy not doing too much out of the gate. I think if the spy can recapture 446, i think there's a shot we could have a green day. Maybe they just can't spell a mistake: bulb for bubble.

That's actually, that's reasonable. I'd buy that two lip injections are running. Rampant, ding, ding dummy i've been a bag holder of my great grandpa's tulips position. Someone gets it can they cover with synthetics uh in general.

Shorts cover by buying stock, you just buy it on the open market. You just hit the buy button, butler dismissed, talk of recession, yeah they're going to do that because they know it would be way way too upsetting to the markets to say: hey, uh like we're calling for a recession. If the fed said that it would the market that itself could probably prompt a pretty brutal day, oh uh hang on, we have a special guest hi nope, that's that's a different special guest hi, i'm gap daddy and we're here to talk about gap, daddy trades, uh. The gap daddy call of the day is the s p, 500 up to the low of the april 5th training bar, which is 449.82.

Once again. This is a gap: daddy trade, 449, 82, a bullish upside gap fill and you can play a similar situation on the nasdaq 100. Another gap, daddy trade up to 359.93 and then another bonus gap. Daddy trade is for the small cap sector to 202 51.

gap. Daddy presents there, you go uh once again, obviously shout out to gap daddy. We always appreciate you dropping by the stream and letting us know. If you see anything interesting in the market that some of our viewers, some of our active traders, could get uh get their whistles a little bit wet.

You know uh if they think elon musk is bad. Imagine what would happen if we moon aims from boardroom. Speaking in memes, oh amc and jimmy, what are you doing? What are you doing? Uh diamond handing my great-grandma's tulip calls reuben. You got some deep leaps, some deep leaps.

I like it amc and jimmy not having the best day. What is having a good day. Dwack is doing something what else call out the tickers that are making some fun moves? Roblox roblox is having a good day. I guess.

Oh any whale moves. Early this morning, uh we got a call put sq if people are betting against square. What's going on in square team square, sq they're going against this one? Why? Why are people hating on square? Oh? Is it just calling that it went into like kind of resistance, and now it's like arcing back down? That makes a little bit, but there is actually also a gap there from the fifth. Just so you know uh, some people are calling up ater how's that one looking today ater ater eter eter, so it is up, but it's quickly losing those gains.

There's that negative beta everyone's been looking for uh the beta argument. I don't know how much more i can talk about that one i feel, like i've, really been riding a dead horse uh. What's walter bloomberg up to walter walter walter bloomberg, we got some news. Bullard says fed about to start asset runoff at coming meeting same bullard.

Volatility in financial markets reflects people getting used to a fed that needs to fight inflation. Is that how i would really interpret it? Would i interpret it that maybe you didn't do the best at your job and now you're trying to play catch-up and we're gon na be the victims of it? I don't know you could look at it both ways. At what point can i stop using my lack of age as an excuse like right here with the fed i'm just like? Ah maybe i'm just wrong or like the political rant i went on this morning. Uh, maybe i just don't know what i'm talking about like.

Can i just say that until the day i die like i'm like? Ah i don't know i'm just 60. Maybe i have more to learn like it's obvious in your 20s, because you're basically a nobody in your 20s but like in 30s. It's like now it's starting to get a bit awkward, but maybe i'll, just like rock with that for the rest of my life like eh, i'm 48, i don't know what i'm talking about already stop. No, i feel, like i don't know a lot still, so it feels like actually legitimately accurate, that i can still say it till my 30s people are saying my 30s, so it's like 30s to all the 30 year olds in chat.

Right now, like do you feel, like you, have your life together, because i don't at 27., so um. I feel like the 30 year olds in here. I'd be like. Ah, we we're holding out for our 40s we're thinking that it really might come together in our 40s, i'm 35 and i have no clue all right.

So it seems like i still have a decade plus i'm holding out turning 34 nope everyone's, like that. Meme of the grandpa, with the watering hose they're like i have no idea what i'm doing robbie maddie ice. Please refrain from suggest sub subjecting us to your elbows today, just to be clear, yeah i keep coming back, not because of your talent but lack of with the rest of youtube except tmi he's a mouth priya freether, oh robbie, robbie, robbie, robbie, robbie, robbie, robbie, still Missing some puzzle - pieces - hey, i'm 16 still have so no clue we're just a bunch of blind mice leading other blind mice. I, like it 29 and ready to die.

That's so hardcore 55 and still laugh at gilligan's. Island growing up is overrated. I, like it uh gap. Daddy was right on brand 449.82.

449.82. Hey. I have a content idea that i want to share with all of you, but you have to keep it a secret like it's going to be way less funny if this gets out so to all the people who are watching right now. Here's my content idea, but please, like i beg of you just like it's an inside joke until it happens.

I want to start like publicly challenging wrench capital to like lift exercises which would be like for those of you who don't know. Wrench capital go find his account. It starts with an r. He is a literal titan of a human being like if you see me, you're, actually seeing like physically.

What's half of wrench capital, like even his like voice box, is more muscular than mine, like even on the most my new details, this guy, like the strength i have in my body, he most likely possesses in like a singular lip. So that's the comedic aspect of it is i'm just gon na keep publicly calling him out to like some liftoff just to see what happens. I'm excited i wan na. I wan na see what happens.

I very much want to see what happens. Uh, hey matt. Can you check sbfm for me, including chat and ortex? Thank you. Teacher from bayside high school queens here shout out shout out to bayside um.

All right so chat give your opinion on sbfm and then we'll do a quick look. You see on this one sbfm uh a biopharma play, so not my forte. I wouldn't be the best at knowing what it does do or doesn't do from a technical perspective, you're looking at a break of 8 and then 890 and you're looking for support to be held above 650. But let's dive into what's going on s b, f m.

If it loads, biopharma or texas a little slow this morning, loading loading loading short interest uh under 10, but the cost to borrow is super. High utilization is super high and it's a low flow. So this could be a low flow like pharma squeeze type of a play. My only concern for me is, you have to worry about, like you have to ask yourself if you were to get in right now.

Are you, okay, with risking 34, which is potentially your closest, noteworthy support? That's a pretty large risk, especially with say your upside target. Right now, the closest one is like say: nine, that's only 24. So it's not even really a one-to-one type of a thing. It feels a bit chasey to me: uh they did a stock split, a reverse stock split, which is usually not that good of a sign uh.

This is one that you might get lucky with a push, but given enough time, i think this thing is actually going to gap down to 240.. Also, i would be hesitant getting in right now because of how high the rsi is the way i would actually play this. One is wait and watch it every single day and as soon as it starts to show some weakness and like arc back over, i might actually want to go against it and play the gaffield down to 240. uh.

But that's just my initial gut instinct. All right. So the spy got above 446 uh. What did we hit? 447.50? What's my target uh, i keep forgetting this one for 449.82.

Oh, i did mark it. It's just all the way up here. First target d-wack having somewhat of a good day sst. It did go crazy.

This morning, then, it sold off a bit: uh amc, sub 20. That's not the best look on the short term frame, both amc and jimmy selling off, like almost in lockstep uh. What else do we have tesla d-wax up atr crypto, having a little bit of a green day, just very quickly, crypto, actually bouncing off of some beautiful support if you are interested in crypto cores or crypto in general, oh like, but that channel that we're running on The side there um this actually seems like a really good opportunity to do some dca into whatever your favorite crypto is. We saw a sell-off.

We bounced that support um. I think it's somewhat. It's a valid place. Something to consider.

So i just wanted to call that out to everyone um, if nico wrench put matt on his back matt's whole body would be blocked by wrench's trap muscles i mean he is a huge human being he's very, very strong and very very muscular, and he sounds cool. Why is td ameritrade showing short interest on sst only at 4.76? Remember tds, probably only sourcing data from like themselves because they are brokerage. Ortex is sourcing data from 85 of all transactional volume, um. So to see when i look at the short interest on something like td or etrade, or interactive brokers, or stonko, tracker or fintel, like they're accurate, but to a very small subset of the data supply.

So i don't use them because they're not really that helpful uh. If you want to see ssts i'll bring that up system one, this is another low float, one i'm seeing 22 percent cost to borrow 482 utilization 93. It's on the threshold list and it's a super low float. Some would call it a pico float, who is gherkin notorious gme? Is he the pickle guy? I thought the pickle guy had a different name.

I thought his name was like pifi or pie phi or something like that uh. What think about algo trading? Do you think retail won't be able to trade one day because everything run by ogles want to change careers but scared? No future um gerk is pickle. Guy. Okay, it's pickle rick um, so i don't have any issues with algorithmic training uh.

My issues more so are a specific type of algorithmic training known as high frequency training. Even you right now, everyone watching right now could do a basic algorithm. That's along the lines of. If monday is a red day, you buy a tuesday opening and you sell at wednesday opening that's technically algorithmic training.

You have a system, you coded it up and it executes it for you um, that's something! That's very, very different from the world of high frequency training. Um, you could do that type of training, like literally today on tradestation uh, it's a little bit of a pain in the ass to get used to their programming language. But that's exactly why, when i started my youtube career at this point two full years ago, or something like that, i don't even know how long i've been doing this now two years. That was my first types of videos and i even show some of the code and give some examples um, but that type of stuff it's what's considered a little bit more basic.

I have no issue with that of you could do something like if amc is down. 20 in three trading days buy a hundred more shares. That's you could code that, like that's, very easy to do and that that's technically algorithmic trading, because that's the algorithm, is it fancy? No, but is it still a robot executing your trades for you? Yes, um? Where things get a little bit more questionable and sus is high frequency training, which they're not really directional players, they're more so trying to take advantage of stock market plumbing, i.e, stock market structure and like how things are executed in the back end. They're not really engaging in the market the same way we would uh.

We have kind of different goals, they're looking to profit off of volume and volatility, while most retail traders are looking to profit off of picking the right direction, hey matt! You have no clue what you're talking about mark mike shark. Thank you for noticing uh. Where do you think amc will end up today? Absolutely zero clue. Uh.

Did you ever explain? Quad, witching, matt i'd, be curious of those four. Ladies, in fact, i have the number one quad witching, video on youtube, come on. Don't don't hurt my ego like that quad like if you search quad witching, your boy is right. There do.

I have the most views. No, but i am the number one one and i think it might be some of my best content ever um, so i i rank number one. It's it's the number one thing on my resume, if i'm being honest like out of all of it, i was like i do rank number one in explaining quadruple witching, so just want to throw that out there a little a little feather in my cap uh, but Very quickly quadruple witching, it happens four times a year and it's when four types of contracts all expire. You have two futures and then you also have two types of stock based ones, but you have four big contracts: uh types of contracts that expire, which means that there's a big movement of money, they're not associated with bullishness but they're, also not associated with bearishness they're.

Just associated with higher volatility, because a lot of big players have to make big decisions, i don't believe uh we quadruple witching is not tomorrow, uh april. May i think it's in june. I don't know what the exact date is this year, but i'll look it up. Uh, but we just had one in like march uh.

The date is june. 17Th. Is the next one june 17th: hey matt. Can you check on ulcc short interest, happily dude? Happily, bromigo bro, amigo and bromigas uh 33 cost to borrow very low 91 utilization, so higher utilization, higher short interest and on the lower flow of things.

But it's not like a pico one. I would argue, um so still has a high short interest but similar to amc kind of a weird thing where you have high short interest: higher utilization, but the cost to borrow uh awkwardly low. What is this company by the way ul cc? Frontier group frontier like airlines - oh, is this the one that's now in the weird uh, like kind of bidding war like wasn't this one going to go with spirit at save and then uh was it like? Jetblue came in there's like a whole whole. I guess like bidding war of like what company is going to pair up with another company at first, it was supposed to be frontier in spirit, but now i believe jetblue came in, which is uh hang on what is their ticker jay blue? They came in and they're like, we might make an offer that type of a deal.

The redeeming thing about you is yeah, no idea at all about anything really, but you do it with the conviction of a mormon trying a condo. You guys are starting to get it buy, put cost same like share um, so i still no. No, no no can puts be used to hedge a position. 100.

That's really what the options market is mostly used for. Retail will use it for leveraged bets. They'll use it for yolo type of a thing, but most big money engages in the derivatives market to hedge. A core position is that a very, very, i guess, strong tactic to improve the overall performance of your portfolio.

Yes, is it something that i've been hesitant to speak about, because it causes a lot of confusion? It comes off in a bad tone and also, i just fear that a lot of people, maybe don't understand how to mathematically apply of like okay. What put should i get right now? How many puts should i get right now to properly hedge? Also, yes, that's why i don't talk about it. I'm not here to say that, like mathematically puts, cannot be used to hedge. If you know what you're doing it can be applied properly, but i also think it's in bad taste to speak about it when it causes a lot, a lot of confusion and also the math like you need to know the math.

You need to know what you're doing to do that type of a thing, because it's possible for you to own stock, then buy puts and if you're, not hedging properly you end up losing more money than you would have on just like owning stock or like it Could get messy so so quickly um! So if you want to engage in that type of a thing, man have at it all the power to you, but i just beg of you - maybe start with a paper account. So you get a little bit better of an understanding of like i own this much stock. How many puts should i have should be at the money? What should the expiration date be? There's a lot more. You got to know than just the concept of like.

Oh puts are for hedging, it's like that's just the title of the book and you have to go through the book, which is basically an encyclopedia of the things you need to know, and the environments you need to know - and - and this is just because puts - are Not the same as shares remember calls and puts, are both options. Options are contracts, a call is the right to buy a hundred shares per contract at a certain price on or before a certain date, and then puts are your right to sell stock at a certain price i.e. This strike price on or before a certain date uh. These are contracts they're, not stock, and it's something that really you need almost like a multi-video lecture to fully get across, because even this like when people talk about calls or puts a good question, is: do calls or puts impact a stock price, and the answer is Yeah, sometimes sometimes they don't sometimes they do.

Sometimes they don't there's a lot of this world, especially in the markets. You're gon na find out it's not so binary of a distinct answer like when you first buy a call when you first buy a put. Is it going to impact the price at that exact moment in time in a bullish or bearish manner, most likely not, but it can and there's cert certain circumstances that i can bring up that show you that, but why the answer sometimes yes, sometimes no, is because Remember there is a phenomena of the people who sold the premium doing their hedging, and what i mean by that is, if you buy a bunch of out of the money, calls a bunch of out of the money calls and it starts to go that way. These market makers or the people who sold premium the net premium, sellers they're gon na buy stock to hedge themselves.

Well, if you buy a bunch of out of the money puts - and it starts trending down, they're going to start selling stock to hedge themselves. So what gamma does you can see in both ways you could see in the call way you could see in the put way you could see it in the bullish way. You could see it in the bearish way when you have a gamma related event. Whatever the current direction of the equity is, it makes it more, i guess a bigger magnitude of a move.

If you're going up and you get call gamma, it could push it even higher if you're going down and you get put gamma, it could push the stock even lower. It just makes like i said, the percentage move and whatever the current trend is. It makes it more drastic or puts the same as shares. The basic answer is no no they're.

It's a derivative product derivatives are based on whatever the underlying thing is so calls and puts are based on stock are covered, calls bearish. No, not necessarily i mean if you own a stock, let's say you own jet, blue or hang on. Let's just go to the spy right here. You could sell a cover, call at 470 and you it could come all the way up to 470 and you still get the premium.

You could be long on it um when you're selling a covered call when you're engaging in a covered call. You just want it below that value all the way up until that date. So if you sold it at 470, you could be bullish and you just don't want it to cross above 470, not inherently bearish. Fidelity told me put same like shares.

Why do you disagree?.