I hear stories I said yes I said earlier in the show Andrew that uh when I talked yesterday about these Tech workers finding jobs I got an email from a guy who lost his job at Mata had three job offers, was back uh in in Uh employed within Um within a month and and the issue here is that the tech sector has taken a lot of jobs. The pandemic business business at the very well pandemic hired a lot of people. They're right sizing now. Meanwhile, there were industries that have been starved for workers trying to get back to where they were that are really hungry for these workers to be back employed.

I Still think we're in this post-pandemic adjustment and that's meant strong job growth is this? I'm just sitting here wondering whether you know I'm always I always want to Pivot and I'm always ready to to say things are better than than they're supposed to be. But Jason could this be be the beginning of what a soft Landing in the labor market looks like? Could we do it that way? Could we still have everyone getting dog? But but maybe no wage pressure? Um, you know I want The Best of Both Worlds I want people to stay employed but I want inflation to come down? Couldn't this be the beginning of or am I Is that just too? Pollyanna The answer to any question that begins with could is yes, uh, of course it could I don't I Still don't think that's the most likely. Um, an unemployment rate of 3.5 my birthday, nearly two job openings for every unemployed worker, and Andrew by the way, I think the job opening Series is actually quite stable. In some ways, more stable than the unemployment rate in terms of what it means.

wages growing at this rate I think it is very hard to land the inflationary plane. Um, with all of this, but you know we had two good price data. We now have one good month of Labor Market data. But if you're right, then the equity markets are wrong Right now.

we're happy enough at the moment. But I said if you're right, the equity markets are wrong In terms of the reaction right now, the market the Market's up on this news. Yeah, oh no. Oh, I think this news is a small push in the positive direction in terms of where we are.

It's just. overall, it was very, very unlikely to have a soft Landing before this, and now it's sort of I'm not very very. it was unlikely. You know it's a little bit less unlikely, but I think it's still unlikely.

All right. I think we're looking better. Who's Laughing Jason enough that was me and I think I can say that I I agree that good bad rumble's been good this whole time reacting the way they are to this news. However, at the same time, I think given the tightness, the ongoing tightness to which Jason just referred There's real risk for them for markets down the road because one of two things is going to have to happen: either price inflation is going to have to go below wage inflation and stay below wage inflation for some time, which is bad for corporate earnings, or the FED is going to have to tighten by even more in order to curb demand, which again, is going to be bad for corporate earnings.

So I think either way, you cut it. the longer term outlook for Equity markets is not good given the ongoing tightness of this labor market. Rick Whenever you laugh I I Want to come to you immediately. Um, markets, what's going on Well I Always find it fascinating when people point to the market and say you know the market isn't right.

The Market's right for the Here and Now always. It's always right in the moment. Over time, it will make adjustments as investors alter their strategies and data. Alters Come on what investors.

There's a couple things we need to nail down right now. We're still hovering right around three and three quarters in a ten year, so it's about the same. Stocks are higher. so they do like this particular I Do remember this always backs up.

Whatever the market does, they're like yeah, no, no, it's up and that totally like whatever the market does. Yeah, I know that makes sense. Treasuries and pay increases. Well, they push into price increases and I think every metric I look at shows that Peak inflation for the most Parts in the rear view mirror.

To think that wages need to come up I think is is just foolhardy. They've come up an awful lot recently and I am sure these inflation numbers are going to come down and meet it so we don't want to necessarily see that wage price spiral. Another issue our chairman has said Mr Powell that we need to see a better Balancing Act between supply and demand of labor. But the issue I see is whether it's are these jobs the jolts really accurate is as Andrew brought up.

There's a lot of little reasons why we may not trust these numbers, but they are the numbers. And one thing I haven't heard anybody talk about except for a professor at University of Chicago named Casey Mulligan You've had him on the show Joe a couple of times he's done research that shows that even though all those extra benefits during Covid to help people out, they pretty much expired. there are certain changes to Obamacare that were extended to 2025.. So there is an ability to make competitive amounts of income for families with all the various help programs that would be very competitive with current rates to go to work.

and even though people don't like to hear it I'm not arguing whether it's a good thing or a bad thing. I'm just saying it's another reason why people may not be going to work. In addition, all the other ones and the early retirement and all the issues that we see generally. Um, I guess I'm looking for friends.

uh Liz You said it was a great reporter. So is this the beginning of our of a of a softer than expected landing and Labor's been? That's what everybody's pointing to. You know if a commodity, if you ever see a guy that you just know is in the weird stuff that comes down, that's this guy right here everybody's been talking about. This guy is like just look at him, you can't they can't relax.

That is a guy who you can't even name the last time he's had sex without peanut butter in the room or some weird shit like that. I mean look at him. There's a lot of things. Am I Wrong Am I Wrong On this call reports would would have to come in almost exactly like I'm right going forward and I don't know that that's really what's going to happen as Rick was talking about wages not needing to go back up and and this kind of reduces the concern about a wage price spiral.

I was nodding my head I agree 100 because that really is the bigger risk. If you look at Goods inflation, we're likely to see all-out deflation in Goods This year, the Services inflation has stated payments you have wages that stay high companies have to eventually pass that because as Top Line inflation comes down, their revenue comes down. But if wages continue to stay sticky or go up, companies have to pay for that somehow. so you do.

It's a little like um. so I Think it is good that wage costs have come down. Here it again. it's the big question of does it all go down very rapidly in a recession? The unemployment rates usually Spike pretty quickly.

Inflation: Falls Pretty quickly. and that's really the big question mark that I Think we're going to have to answer by the end of the first quarter season's already gone. I Guess he's just like, you know what am I chopped liver. but uh, go ahead.

He left like they don't need me. but finish that finish. Uh, finish it up. Nia Just wanted to highlight: this is a very fragmented labor market.

Even if it's solid, the overall gains and we're going to see that play out in 2023.. those interest rate sensitive sectors like manufacturing I think are at high risk Leisure and Hospitality has carried the weight, but that's boring. Okay, well, we don't particularly need that market really liking this and it's kind of behaving in a normal way. Dare I say it of.

We got a good report in the market pop historically, as in the past entire year, whenever we've gotten a good economic report, the market is dumped. so I'm a little hesitant about believing this. but hey, if this leads to the old push, let's do it. But what's kind of interesting here is Tesla doesn't really seem to care Mullen just so you guys know, is up an additional two percent.

Actually, let me move this up so I could see the percentages HKD had a crazy push from 30 to 69. Um, and now it's still changing at 35 so it came off of that but still up 18 point or 17 after gaining 199.5 yesterday. Um, so the Spy ripping on the unemployment report. If you guys are joining in right now, what you need to know is we had a good report.

They were expecting 200. Some people are calling out two hundred and three thousand. Whatever it was. Uh, it came in at 223.

so more jobs added than expected and the unemployment rate below expectations. Say were they expecting 3.7 and it came in at 3.5 That's a very good number. Like a very, very good number. Um, just so you know, later on today 10 A.m We have a couple of reports ISM Factory orders core equipment and then 11 15.

We have some of the FED members speaking 1215, more Fed members speaking 1pm, more fan members speaking. So the remainder of today, a lot of Fed members chat and but uh, there might be a little bit of a volatility pop at 10 A.M just so everyone knows. But anyway, we came in at 223 about 20 000 better than expected and the unemployment rate came in about 0.2 0.2 percent below expectations. which when you're talking about unemployment is good.

You want as minimal unemployment as humanly possible. All right. So as of now, I should probably reload this I bet they change it. Dow Futures gained more than 250 points after Jobs report shows lighter wage gains than expected.

So they're focusing on wage gains. And if you listen to it, uh, wage price spiral. This is why that's kind of a good thing. which I know, sounds weird to say, but they're referring to this.

No one wants to see a wage price spiral. For those of you who maybe this is your first time hearing it. Just the key idea of what this is. the wage price spiral describes a Perpetual cycle whereby raising wages creates Rising prices and vice versa.

So this concept of like, if everyone if the unemployment rate or excuse me if the minimum payment rate goes up minimum pay. well, everyone's going to kind of raise their prices to match that. If the prices go up, they're going to argue for a higher pay and then blah blah blah and it just keeps laddering up. That's the wage price spiral.

Uh, that's something you very much want to avoid. Um, right now. Central banks use monetary policy, interest rates, reserve requirements, and open market operations to curb the wage price spiral. Inflation targeting is a type of monetary policy that aims to achieve and sustain a set interest rate over a period.

so a little bit of an indication that maybe we're not going to see one of these, which is good. You don't want to see a wage price spiral at all. but just to add a little bit more context to why we were looking at wage gains and also why they were talking about it on TV this morning. U.S Stocks fall as strong jobs data dashes hopes for Swift change to aggressive Fed policy.

So this was as of yesterday and yeah, the market was looking very weak yesterday. we were selling off, we sold off, then we had Bullard speaking and he kind of popped the market a little bit, but it ended up selling off and we just kept finding this support at 379 in the spot. Support support support. That's even where we were at this morning and in fact we were breaking down and then after we got the unemployment report, we are now ripping faces off.

The goal in question is is it going to hold As of now, the Dow, the S P, and the NASDAQ are all pulling a pretty crazy U-turn green, green, green green Green Oil still continuing up at 74. I Like that, I'm selling oxy still paying attention to oil yields, chilling a little bit. Job growth expected to have cooled in December but not enough to slow Fed Rate hikes. Well, in fact, job growth was pretty good.

So now people are saying will they actually slow rate hikes so time will tell I Want to wait for Market open to see how everyone truly reacts. Obviously the Dow is up right now. Five things to know or that they think you should know before that Bell goes Ding ding ding ding ding ding ding Today down first week. well that was as of Tuesday Wednesday Thursday Maybe Friday will be the golden day that turns us around.

So Tuesday was trading day one, two three. So this is the fourth trading day of obviously the year, the month, and the week. So we'll get some data on this particular day just so you know. new jobs data it already dropped came in better than expected.

Still speakerless. How many times has he lost now? He was defeated 11 times. Can someone answer this for me? Just not to get political or anything. Uh, what's the point of Hosting All the votes? Like you kind of know if you're gonna like what's the difference between the fourth one and the 11th one? Like why this is now an embarrassment.

This is the most like votes we've had without getting a speaker. like since before the Civil War Like: this is a massive massive embarrassment and I'm just a little confused on why keep having the votes? Like aren't they just doing all these deals of like hey, like are you gonna vote for me yes or no and then they like argue like well, are you gonna do this? Are you gonna do that like you kind of know going into it, don't you I just I I Don't understand why he Kevin McCarthy is continually making an embarrassment out of himself like don't have the vote like go, Do you know politicking? Get the votes Confusing course correcting Auto Sales Uh, Automakers are counting on a 20, 20, 30 rebound after 2022 proved to be the worst year for new vehicle sales in the US since 2011 and also pickleball is now massively popular I Kind of got this Vibe because it's all over my Tick Tock for whatever reason and you're seeing a lot of athletes like within the NFL NBA Uh, now buying pickleball teams is pickleball going to be like the next thing I Know it's already kind of becoming that like it's massively popular. Um, yes, everyone you know really is playing pickleball now. The sports shot up in popularity last year with more than 36.5 million people picking a pickleball racket between August and August of 2021.

uh, 2022 earlier day to put the 2021 participation rate at 5 million. Um, so it basically 7X a little more than 7x in popularity shot up in popularity. Do they have a graph for us? you know me and graphs I Want to see a graph of pickleball? Nope. I Wanted just to see a popularity graph but uh I don't know if there's any pickleball players in here.

It is kind of like smaller tennis in a weird way. Like a smaller court tennis and slightly different balls. Slightly different paddle. Uh, but I guess it's been pretty popular.

It looks like a complete right here. Uh, supportive. LeBron James Tom Brady more than 36 million other Americans people are playing it. People are buying teams like there's set competitions.

Seems pretty cool. uh, but similar to tennis. Slight variation on it. All right.

Back to the overall: Market Billionaire investor Leon Cooperman expects losses for U.S Stocks in the 2023. Anybody looking for a new bull market is looking the wrong way. So he's a billionaire. Apparently he knows what he's talking about.

Anybody looking for a new bull market anytime soon is looking the wrong way. He said last Friday or no early this morning. Excuse me. There's just a five percent chance that the S P 500 pairs back losses logged since March of 2022..

So my question to all of you, All of you, all of you, all of you. do you agree with them? I'm not talking about today. Uh, two separate questions. But first, let's talk about this entire year for 2023.

Do you think the market is going to be in the green? Or do you think it's going to be red? Uh, I Guess starting from the market open Tuesday the first trading day of the year uh from Tuesday till the end of the year December Whatever 31st is the market going to be red or green? A lot of the stats are saying it's more likely to be a red year. Uh, but remember none of these stats have like 100 accuracy. so I don't know I Want to know I Want to know I Want to know I want to know what's your Vibes Are you preparing to still be a bear on the year and just looking for your opportunities to bet against whatever? Or do you think that we've already had enough pain and it's time for us to bounce? Red Red Green. Uh oh, we're tying our votes.

You guys are tying up your votes here. Green Green More greens are coming in neutral. Alex is calling out. We are going exactly where we.

we're closing exactly where we open. Have you seen beep token taking the market by storm with their AI It's genius and the chart steadily goes parabolic. Uh Stuart Stewart Rodney I Appreciate the 4.99 but I would also love to add a little bit of context to your Super Chat Uh, you are full of shit. So I do love taking your money but stop pumping absolute fucking garbage in here.

Um, and if you have any like curse argumentative comebacks, please send it again with more money Associated to it. But I still want you to know that you are full of fucking shit. Just just to add a little context. you know how on Twitter people tweet things and then there's like Community notes I would love to add my own Community note to some random piece of shit crypto project you're trying to pump Everyone should probably avoid it and maybe if possible bet against it.

So just the old Mac Coors Community No, but um, if you want to chat about it, keep sending in the money. If beep is so good. I'm sure you have the money to continue to send in foreign as Former: CEO Vince McMahon Announced the surprise comeback. Here we go.

Um, morning stud. Can you look at the day chart on Netflix Am I wrong in seeing a shoulder head? shoulder. Thanks buddy Seth for you anything I would murder someone For you no less. just look at a chart.

Nflx Happy to do it. Happy to do it. But first let's talk about our boy. McMahon Coming back Former: WWE Boss Vince McMahon Said he would return as executive chairman on Thursday McMahon announced a review into upcoming media rights negotiations that could reportedly be preparing to sell the company make.

McMahon Retired last year over a sexual misconduct Scandal um I guess the world's forgotten about it. He came back and now the stock is up. So maybe something worthwhile for all you folks to uh, pay attention to. But maybe he's just coming back to negotiate the deal.

Maybe he's coming back to get himself in the deal I Don't know what it is, but the shares of WWE are definitely liking what they are hearing. All right, So we did that. We'll pay attention to any of the breaking news, but first. uh, hang on.

What is this? Michigan has been under an investigation by the NCAA all centered around recruiting violations during The Rona Dead period. Harbaugh's response to investigations was not good either. A penalty will be serious and can include a multi-game suspension. Maybe it's true and I'm in no way going to be the person who defends Michigan But do you know what? I this like more than Michigan is the NCAA So I think that's worthwhile to throw out there.

Tesla's cut prices of its cars in China due to slowing demand. Uh, interesting. Tesla definitely continues to be under pressure. Joe Biden claims 20 000 pounds of Fentanyl is enough to kill as many as a thousand people In this country, 20 000 of Fentanyl would kill 4.5 billion people.

Oh he. I know when you speak so much. Trust me. Coming from a person who speaks way too much publicly during the day, it is very easy to misspeak.

It really really is. And I give anyone who publicly speaks kind of the benefit of the doubt, especially when you speak so, so, so so much. But even in the realm of people who speak all day, he has to be a way above the average of like just public vocal blunders. I I Just don't understand it.

Uh, hang on. let me switch this because for proper lumbar I Think my lower back uh, this desk. You have to hold the button perfectly. folks.

Stand up. We're gonna burn some Lbs. We're gonna burn some lbs today. It's not good to sit so much if you have the ability to stand.

Even if you don't, even if you're sitting right now, stand up just for even for 30 seconds. Just give yourself a little bit better blood flow. We gotta stand. You gotta stretch.

You gotta trading's all. You gotta be loose. You got to be limber I Feel like maybe we should start all these streams with an hour-long Zumba class? and then maybe we conclude all the streams with an hour-long stair stepper stash? Is that what we should do instead of streaming from nine to four? Should we stream eight to five? First hour. Zumba Last hour is stair stepping and in between is just bouts of yelling at ourselves in the mirror.

Just an idea. Just an idea. Butt Stuff 24 7. he's already been standing well.

Butt stuff. I Would particularly find it surprising if you were sitting because it seems difficult based on your name. just in. Tigers No longer going extinct due to the multitude that are surviving on Matt's shirt.

Well, that's good news. I'm happy to help any way I can any way I can. Uh, he reads off a teleprompter Well, He needs to learn how to read better. I Just finished Zumba how did it go? Plus one for the Zumba idea if I'm being honest with all of you I actually don't really know what Zumba is like I I know what it is but like do you Just Dance are there weights involved I don't know the details of Zumba is what I'm trying to tell you that's the main thing I'm trying to get across? Um, okay, are liberal Sherpa Seth wants to know about Netflix wants to know if we see a shoulder head shoulder kind of.

but there's also an inverse shoulder head shoulder I can honestly see it either way. The thing that interests me is did it hit the Gap Bill Yesterday it almost did almost hit a gap fill yesterday. Let's switch this up. Let's switch this up.

So the low on Wednesday December 14th was 3 14, 42 and yesterday we got to 314 18 as a high so there's a little bit of a gap. Fell a little bit of a gap fill that I would be looking for on Netflix I mean that's not much though. the risk rewards probably not there. um if it continues to push because really it's a double bottom.

If anything it looks a bit range brown but if it pushes from there maybe you could play it up to 330 or yeah, yeah, 3 30. sorry. um I'd be watching that if it pushes through. but in reality the entry was back here on Thursday the 29th to be bullish on Netflix the entry was on this Green Day when it started to turn back around so it feels a little bit chasy and even if you were going to chase it I'd be more comfortable tracing it above 300 to get it.

At this point, my question is what's your risk and the most reasonable risk at least in my opinion would be down here at 274 for a swing trade and the risk rewards just not there. You have more risk than you do reward and if anything you want it to be the opposite. You want to have a three to one or two to one or four to one like, but you never want it to be in favor of the wrist side. So would I be leaning on bullish on Netflix in the short term? yeah I would I'd be like okay, can I push up to 330.

but that doesn't mean I would take the trade just because I think the risk is too much just in case you end up like if it doesn't work out like you're gonna get busted up on that uh, where are you seeing the head and shoulders price action not lining up with the idea? Well, Head and Shoulders is not a price action Head and Shoulders is a charting call out. Um, so the head and shoulders that I'm potentially seeing is yeah, you could argue inverse Head and Shoulders Hang on, let me get the magnet off. Um, so you could argue inverse Head and Shoulders there's one shoulder, there's the head, and then here would be the other shoulder. Uh, I Want to move this over to here Shoulder head, shoulder.

So inverse Head and Shoulder bullish And then it broke the neckline pushing above 300. Or on the flip side, you might be seeing the creation of another shoulder over here. Shoulder head, shoulder. which would be bearish if it ends up selling off.

So I it depends like what time frame you're looking at it and how you like. I Mean if you take in more data or but I mean that's always, you could scroll even more and more and more. It depends. But anyway, shoulder, head, shoulder, heads, and shoulder setup is exclusively a charting thing, not a price action thing.

So if you're looking at the volume or the tape or anything, I mean you're literally just looking at the chart. shoulder, head, shoulder. And then we saw the snap of the neckline and it's pushing higher. Uh, what do you think about Eth? I'm in East for the long term? Um, I As things currently look in the world of crypto, I Still think Bitcoin is your least risky investment and that's mainly because of the SEC.

We know that they've already declared Bitcoin as a digital commodity. They're not going to declare it as a security. Ethereum is not out of the woods yet. So I am considerably worried that the regulatory bodies that have a lot of power uh, could crush every crypto.

So right now, the main ones I'm watching are Bitcoin and Ethereum I like Bitcoin a little bit more as things currently stand and Beyond Bitcoin and Ethereum. I'm pretty much not like that bullish on any of the other ones just because of all the regulatory risk involved. Um, if we were to put assign odds to things being Securities and not being Securities, Ethereum most likely is the next closest one to not being a security. Or if it is a security, maybe it'll trade as a security because it's like it has a nice.

It's basically like the decentralized Apple app store or something like that. so I see a lot of potential in it and I'm not saying that I dislike the other projects so maybe you're in here. You're like I like cardano I like Ripple great. That's fine.

I'm not against them. but I am worried. What are regulator Regulators are gonna say about it? Regulatory bodies they have the power to completely Crush these. which makes me a little bit worried.

uh I really think East is controlled by the Banks I don't know about that like it could be I guess uh I would have to I'm A Little More Curious about what your reasoning is for that one? What's the difference between a security and a non-regarding crypto? So you have a security or you have Commodities Uh and a Securities Basically does it pass the how we test or not? which if it the Howie test is literally what they came up with like many decades ago to Define If something is a security and if these cryptos are defined as a security, that means the way that they're currently on the market and the way they're currently trading is illegal. Uh, fraudulent. like not allowed. So that would be bad.

So all they all want to be defined as a commodity the way Bitcoin already has been. So security is literally something like you're seeing them on the screen right now. Something like Tesla That's a security. so it falls under all the laws and regular regulations related to Securities Which if that's how cryptos a lot of these are like, let's just uh, a random example of that.

Like let's just use that one that someone was trying to pump in here. What was it beep? If that is a security, well, that means what it's right now. The environment is is completely illegal. Because it wasn't registered as a security, it hasn't been trading as a security, But if it is defined as a security, it'll just get absolutely steamrolled by either the SEC or the Cftc or Finra, or whoever some regulatory regulator will destroy or regulatory body will absolutely murk it.

Um, so that's where things are getting a little bit iffy. Um, one of the things that a lot of people are kind of pointing out of maybe them being security of was it sold to the public with the expectation of a return. So for example, Bitcoin just dropped like it was just there and that's why it was. It's been defined as a commodity.

One day Bitcoin popped up and people started mining to process transactions and they were rewarded in Bitcoin blah blah blah. But it wasn't sold to the public and it wasn't like some organization sold it to the public, took the money and then had the idea of using that money to whatever grow the business. It was just there. and then inherently it gained a value and the value is decided by the market, but it was never sold to the market.

That cannot be said about quite a few crypto projects that are currently trading. Some of these are very evidently Securities and most likely the SEC will crush them. There's a couple that are in the gray area and then there's one that is clearly safe and that's Bitcoin. So I'm not necessarily against them.

I Just think if you are security great, just like get the rules like register as the security like I Think some of these, it doesn't have to be the death of them, it's just let's get everything done from the legal perspective from a regulations perspective. so they're training properly as a security so we can still use them because like um, security or not, a lot of them have quite a bit of potential. For example, if Ethereum is or isn't a security I think it's technology stack is very impressive and it could be the future of apps like I think it's a really it's closest competitors. Probably something like the Apple App Store the Google app store or something like that.

I like it, but it's just if East itself needs to be trading as a security. Okay, great, let's go through all the steps that it needs to do before it gets crushed. like basically play ball with the regulator so we can still use and take advantage of said technology. Shiva Indoge.

Uh, most likely will fall under security I mean I don't know, like it's a little bit of a of a guess I guess but I mean surprisingly, it's not like the SEC calls me up and says hey, should this be a security or not but um, if something such as Ethereum is defined as the security like Sheba and Doge will be. but we'll see I like how have has anyone in chat noticed that I bought short is literally just copying everything Trex says Trex is that your like burner account or is someone just absolutely trolling you in chat right now I'm a little bit confused. Let's discuss Tesla Tesla cutting the cost of their vehicles in China Because of the economic slowdown, not so good. Today might be the day that Tesla dips below 100.

and I'm still invested in it in the long term, but in the short term it we've been bearish on it for a hot minute now. Uh I Don't think Eth will be a security and we will also hope it's not I hope it's not. But I think right now the just indications that the Cftc and the SEC have given it seems like they're gunning for it to be a security, but we'll find out and that's one of the big fights right now is from a legal perspective. they're bringing up previous commentary from the old SEC chairman and the new one and it like we're gonna have to let lawyers figure that one out.

Uh, still bullish long-term good buying opportunity I refuse to invest in Tesla above 100 I Want to buy it on the dip so it'll definitively be below 100. but obviously the bigger the dip the more I'm interested in buying it. and if it were to dip below 100 today, I would not be buying today. Um, it's just too early.

like I think the market still has a considerable amount of pain to go through this calendar year before we're really out of the woods at this moment. Like if you threw out a value today of Matt where would you buy Tesla today? I would buy it at eighty dollars today but I'm telling you in general this year I will not be investing in Tesla above 100. it'll be below 100. Um, but the earlier it happens, the more severe of a dip it would have to be so like if you're saying Matt what value would you pick up Tesla today at I'd pick it up at 80 do I expect it to get to 80 today? No I don't Um, but if it did I mean that's almost too good of a a deal to get.

But once again, maybe I'm right. Maybe I'm wrong. Maybe we have the same opinions. Maybe we have differing opinions.

folks. watch my stream from yesterday. I Mean if anything, the odds are telling you that you should be going against any of my own ideas. so the the inverse seems to be playing out way better.

HKD Had my morning wood Standing Tall Now I feel like a 65 year old waiting for his hymns delivery I need to get sponsored by hymns I mean so much of my audience I think like 90 of my audience or maybe 85 of my audience is male dominated. so I've I don't know why I haven't thought about this before, but I definitely should pick up sponsorships with like Hymns keeps Roman Uh, because I kind of have the perfect audience for it and then we could always make the funny jokes of whenever there's like a big red bar or excuse me, a big green bar, be like this bar is brought to you by Roman get your Ed fixed today. Um, but alas, I'm not sponsored by them I just the jokes would be so funny. like we could be cracking jokes all freaking day like all day.

Uh, part of me almost wants to take the sponsorship for free and just do it for the jokes in verse core's ETF coming soon should I launch my own inverse ETF that would be a kind of a awesome, awesome, awesome troll on myself is like I launch my own inverse ETF on me Matt is calling us bald and impotent. Hey, we're going through it as a team. can't crack jokes about sponsors. Um, well, they probably wouldn't want to be sponsored on my channel, but you can't sell like hair, whatever, regrowth shit, and like Ed medicine without expecting jokes.

So yeah, Super Chat Matt loves sponsorship. Well, of course I do. It's money. It's called running a business I Don't think there's really people in here who wouldn't take legitimate sponsors and I'm specific to say legitimate sponsors like why not? It's that's how you run a business.

All right. it is 9 15 which means we have 15 minutes to go. Um I want to remind you that uh, this will not be a full day stream I gotta stop around 12 or 1 today I need to go get an allergy shot in fact so I don't get the sniffles around cats and dogs. Um, so it's not going to be a full day stream, but we kind of started early I wanted to make it up to you.

Uh, so that's why we started early today to give you your full fill of the goonie. Community Uh, Speaking of actually, all that stuff, make sure you're on Locals, Macquares.locals.com uh, if you want to be in it. but you're just not in the financial situation to be able to handle. it's ten dollars a month.

a hundred dollars for the entire year. If you really want to be in it and you're just not in that situation, that's fine. I don't need an explanation at all. just DM me and I'll give you a free access code.

um I just want to throw that out there. But anyway, Macross.locals.com With all that being said, could you guys? I I guess I'm here to answer any of your questions. we have about 14 minutes till that Bell goes dingy ding ding ding. Do you have questions about Futures Uh, crypto options? Uh, do you want chart breakdowns? Do you want to know my skin care routine? Do you want to know my gym routine? Uh, do you want to know what I'm doing tonight.

it is date night in my world with my completely real girlfriend. Um, whatever it is. whatever it is, I'm here to answer and also is YouTube lagging anymore YouTube had a weird lag this morning but I think it's better haircut, barber and product um I use the Old Spice like Pomade shit I forget it's medium hold no shine sometimes I Go shine depending on how I feel um my barber I'm actually in the market for a new Barger Barber Barger Barber here in New York So I've gone to two new Barbers thus far. Uh, I like to call my haircut doctor and they were both good.

They both had their ups, they both had their downs and I'm trying to settle into a new Barber but what? I ask for when I Get on my go, give me a zero to a two on the side and the back on the back I want it rounded I don't want it squared and then when it comes to the top I always say this I'm like will you do what you think is right on the top? You're the artist. You're the professional. Don't worry about getting it wrong because if you do, it'll grow back. No love lost and they look at me like they're like oh that's weird because usually people are really specific and I'm like what they're the people who cut hair professionally, not me I Don't know what to say Uh, so no lie, that's what I say every single time.

a zero, two or two side and back round the back and then on the top do what you feel is necessary. She is my completely real girlfriend Chris Calling me out I'm just showing up to dinner tonight with a blow of tall where do you buy your shirts We make our shirts. these are Moon Gang shirts. This is my tiger shirt.

We kind of got into a Miami Vibe because there was a very very big chance of me last year in May moving to Miami permanently and as you can tell now that I'm here in New York I didn't move to Miami so now I like look like a Miami transplant just because of all the clothes we made. but I not in Miami So there there we have that. Jim Fetter Shout out: do you have any videos for newbies? Yes! Oh um okay if you go to YouTube and if you go to Matt Cores and then if you go to Matt Core's Channel and then if you go to playlists. okay so you can see uh interviews I've done live streams the Matt Core show uh.

trading Essentials would be a great episodic way for you to be like Okay, what's the market all about Intro to options What's an ETF What's Quantitative Easing? Uh, tell me about like just these are generic Intro: like what's the Macd? What's the RSI What are option Greeks Uh, this is all there I Made these quite a while ago. Uh, what is systematic trading? What's a day trading strategy that made me four thousand in a day What's a gold trading strategy? What's an oil trading strategy? blah blah blah seasonality in June July Um, how I messed up a gold trade? Uh, so these are good trading is what's quadruple. witching. How do short stocks on Robinhood Uh, these were all made a while ago.

This is how I try to start my YouTube career. Um, and what I want to do and I would actually really, really love your feedback from this. A lot of these videos are good. They're cringy.

I Mean they're good in terms of Education None of these are good in terms of editing or in terms of my speaking. Cadence I Actually try to start my channel off by making animated video. Uh, it. It's a cool video, but it definitely was not worth all the time it actually took me to put into this.

Anywho, um, I think for this year, especially because the Market's Rocky and not everything's ripping to Kingdom Come Obviously there's a big shift in what people want and as a content creator, you're always asking yourself okay, like what does the audience want to see and I have a sneaky suspicion that this year people are going to want to be more in the learning mode. So what I want to do is not only remake all of these videos, but make even more. So basically what I want to do is like one to two to three times a week I Want to put out a pure education video? What is an option? What are option trading strategies Explain the strategies do Graphics use examples blah about what's the future? How to trade Futures What Systematic trading An example of three different types of systematic trading I Want to go back to like peer education and I I just for me going through this I've seen I've spent in my trading career thousands and thousands and thousands of dollars on trading education and I think a lot of it has been all right. A lot of it's bullshit and what I want to do is make those videos from my own thoughts, opinions and experiences and just put them out here for free.

Like absolutely 100 free so it'll be I Want to do a rumble playlist I Want to do a YouTube playlist. So what I'm really seeing is like I want to do these streams throughout the week? but then maybe Friday Saturday Sunday post just pure education videos like just what is the sharp ratio? What is this? What is that? Just like your basic training questions a breakdown of my favorite brokerages my least favorite brokerage. it's just like I guess I Want to put myself in the shoes of a new Trader or maybe just like just past novice of like maybe what your questions are and just like make make them in like a one two three four five minute video. Like a five sub minute video.

just answering whatever your major questions are. Um, that was a thought I had I know So I know the people in here are gonna say yeah, Do it. So like I almost need to figure out a way to ask the people who have like stopped watching ever since AMC came down like I almost need to figure out a way of like asking those people what they want. Uh, but that was one of my ideas.

What's going on with Bbby? Thanks man! Um, Bbby is on a death spiral that it's not most likely not going to pull out of. So just yesterday or two days ago either. Yesterday the day before Bed Bath and Beyond the management team, the leadership team of Bed Bath and Beyond uh made a public statement saying hey, things are really bad and we don't think we're gonna get out of it. So they're basically signaling that they are taking a B line towards bankruptcy.

so Bbby is going down and it will most likely continue to go down just because the leadership team signaled to the public that it's an absolute dumpster fire right now and we've kind of known that ever since Ryan Cohen Stabbed everyone in the back on that particular deal and that's kind of where we're at so it's been well, I mean in reality ever since Ryan Cohen did what he did looking back and obviously it's easy to Monday Morning Quarterback Uh, but looking back on it, we probably should have all shorted Bed Bath and Beyond after Ryan Cohen shenanigans. but I Feel like a kid that gets no attention from his parents. Please take a look at Zom News I Feel like I've seen Zom in the past and I wasn't the biggest fan. What's this one? Do a pharmacy? Yeah I don't like Farm like it's a penny stock.

Farm play it's popping. They must have had acquires I know that's old news. Uh, it's a penny stock pharmaceutical play. The major thing I've learned about these is to stay the hell away from them or to short the pumps.

The pumps do not last. Pump Dump Pump Dump Pump Dump Pump Dump Pump Dump Pump Dump Pump Dump pump Dump. Uh, tell me, stop me if you've been seeing a trend. Um, is it pumping right now? Great awesome.

Watch it. Most likely you missed it. You're probably not. You probably didn't invest that 16 cents would I chase this long? Absolutely not.

I'm not going to play it at all if I did have to play it I would wait for it to show some weakness and then I would bet against it. Do not Chase it chasing a runner I mean this thing has moved up 56 in six days. There's no reason to change cases, Absolutely not. and my reasoning for if I had to play it which once again, I'm not going to.

this thing moves has a great movement to the upside, but inevitably it always comes right back down. So I would just use its historic chart and be like okay I'm gonna wait for it to show weakness and I would bet against it if I had to play it once again I'm not playing it, but that's what I would do I would not go long on Zom just because it's never shown any historic pattern of ever holding its gains. Same one thing with HKD We've been watching it and this thing can totally rip. We've watched it go from 20 to 2500, but eventually it shows weakness and it comes cratering back down to earth.

So with this, don't get caught into this concept of chasing. Runners chasing Runners leads to you having losers. If we were doing a mathematical breakdown, chasing Runners equals your losers, do not Chase Runners Like that, especially penny stock. Pharma plays especially penny stock.

Farmer plays I mean hell or earlier. today we were talking about not chasing Netflix and that's Netflix a legitimate business, not some random fucking pharmaceutical play. Please be careful. please please please be careful.

Um I don't know anything about the fundamentals of the psalm, but I bet if I looked into it I would be very unhappy with it and I'd probably use adjectives such as trash and dumpster, fire and a sh piece of shit company if I looked into it I don't know I'm just throwing out a guess but a penny stock Pharma Play Uh, the best way to play those is probably to be against them only. Chase Waterfalls That's a good one. Do you think Mullen will come back someday? What do you mean? come back. Go to the upside or the downside.

What do you mean by back given enough time I think Mullen's going to zero given enough time I think this is a pump kind of like zom like I think it pumps I don't know how long it's gonna pump for I don't know how high it's gonna pump. but I think eventually it's gonna go show weakness and I think it's going to Crater and I think it's going to create a lot of bag holders and I can't help the entire retail training Community But for those of you in here if you are long on Mullen you're up a good amount. Congratulations to you! If the trend starts to change, get the fuck out. It's that easy.

You're buying low selling. High Don't get this mindset like I Guess what? I'm begging of you is, don't be greedy. Don't think no, it has to go more. It has.

No, it doesn't have to do shit. Look at the chart. Historically it pumps and then it dumps brutally. If you're thinking that this time around is going to be different, no, it isn't, she's still gonna end up cheating on you.

Why are you giving her the 18th attempt? the 18th Trot this time is going to be no different. You're gonna pay for her dinner, you're gonna let her crash at your place for the weekend, and then she's going to end up stealing your TV and your box of Cheerios and she's gonna leave again. I Don't know how many TVs you have to buy I don't know how many boxes of Cheerios you're gonna buy before you realize you shouldn't litter back into your life. You a lot of people.

This is your first run around with Chastity that you met on Tinder But take it from a person who's hung out with Chastity a couple too many times. it's it's just not your play Man, it's absolutely not your play. All right. Where are we at? We have two minutes, Three minutes.

All right. Speaking of not letting Chastity back into your life sounds like that happening. Completely hypothetical story that has no bearing on my own life. Why do you even I'm giving your American Express Um so I myself who I'm in the traitor hospital my first trade is not allowed to be before 9 45 so we're looking after 9 45 I'm not allowed to trade more than two contracts and one of my contracts I have to peel off as quickly as I possibly can with a two-point gain which would be a hundred dollars.

So basically I'm playing with one contract today no matter how good things look. I will be playing in both directions just to meet my own psychology in halfway. But other than that, I'm trying to trade like in a motionless cold robot. You can basically call me Elon that was oddly specific.

No, it was random. It was 100 random. hey. Matt I Will agree to play Stop Playing Penny Sucks if you stop playing Futures Hey I Think you could play penny stocks? I Think there's actually a big Edge in playing penny stocks I Just think that edge is in shorting penny stocks I'm not inherently just like generically against all penny stock trading.

but if we're talking about what's favorable, like what is just statistically favorable to you when playing penny stocks, you have a much greater Edge shorting penny stocks than you do going long on penny stocks. So if you want to play penny stocks, have at it. I Would just say is it more beneficial to be a bearable in Penny cycling much more better beneficial to be a bear in Penny Stockland There's a reason they're penny stocks. They're shit companies.

Not all of them are shit, just a high. Majority of them are shit. The market is telling you that the companies are just not worth that much. So if you're gonna play it, just play against them.

Your first mistake was dating a girl named Chastity at least someone picked up on it. Thank you. Buzz Light Beer I Love that name. All right y ding ding ding The casino is open.

Best of luck all. please play responsibly. Let's see how much money I can lose today. This is a fun game I like to call haha now Mount Poor.

It's a game that U.S Regulators had invented called haha Now that's poor. Now that's poor. It's a pretty fun game. Pretty fun game I Must say.

Okey-doke Well you guys you know me I'm a robot today I'm not even Matt anymore I am just a box of nuts and bolts and a little bit of circuitry that a lot of the times short circuits. Uh, if you haven't already, uh, please hit the like button helps out with the algorithm on YouTube helps out with the battle Leaderboard on Rumble If you're not yet already, subscribe on YouTube subscribe on Rumble This morning was a perfect example. YouTube had an issue with their live streaming. there was a lot of lag while Rumble was 100 perfect.

That's exactly why you should. If you want to help me out, drop a like on both, but probably more importantly, subscribe on both. If you're watching right now and you haven't subscribed on either yet, what are you doing? Man, how much money do I have to lose just to get your subscription? like at a certain point like help me help you Also while we're waiting for the market to open because remember I promised myself that I wouldn't be trading in the first 15 minutes. A quick shout out to today's stream sponsor: I'm talking about Brick House Nutrition I Have mine right here.

Drinking the Field of Greens Basically real fruit, real veggies. A real way to, you know, just be a little bit more healthy. especially if that is your goal. With a New Year's resolution, check it out Brickhousenutrition.com or you can go to Fieldofgreens.com It'll lead you to the same place.

Um, check it out I drink two a day, one in the morning, one with my actually it mixes really well with the chocolate. uh, protein shake when I'm done with the stair stepper. But anywho, if you want 15 off, use the code Matt M-a-t-t for 15 off it's pinned to the top of chat. it's in the description of the video.

If you're a New Year's resolution is to be a bit healthier. You know basic diet. You need your fruit. You need your veggies.

Check out the Field of Greens product. Beyond that, they have some bars with good fruits and veggies in it. They have caffeine pills. They have sleep pills.

They have a whole plethora of products. Check it out Brickhousenutrition.com You could use the link pinned to the top of chat in the description of the video. Once again, for 15 off, use the code Matt M-a-t-t Trex I Appreciate that. Uh Rum is sluggish.

Been waiting 24 hours now for a video to get monetized. Woody your videos did it load properly I'm a little confused on what you're saying waiting so like the video is up but it's not monetized or I guess what are we at I would love you more Aggie or Aggie I don't know what that name means uh Matt so you're saying to buy Mullen No I have been on record now for days if not weeks saying I think Mullen craters and I still believe that. Still believe that. Still believe that.

So we have the overall Market in the top left which is now up 0.95 of the day. so almost one percent. HKD looks like it's ready to fight again. Now up six percent.

looks like it's on the Move Tesla's in the bottom right trying to save itself from going below one hundred dollars and Mullen is a pump and dump scenario that is going to make some people money who are quick on their toes and then the other people are going to be left holding the bag and then they're going to be saying why didn't anyone tell me I shouldn't be holding the bag No, what it's going to be is a bunch of people who Gaslight themselves into thinking that it was manipulation. That's what's going to happen with Mullen is people are going to get caught holding the bag and when it inevitably comes down they're gonna be like it's only down because of manipulation. This is the best EVS company ever since sliced bread and then we're going to awkwardly all be sitting here and be like if you think so. if you think so, if you think so inherently, if you're of the mindset that you're about to be like bitch and whine about manipulation, why not take advantage of it? If you truly think the things you're in such as Mullen are going to be manipulated down, why not join the party and make money off of it inherently? I Don't think I'm saying that because I'm saying it a little bit tongue-in-cheek because I don't think there's any manipulation that's going to be going on in Mullen I Think it's just a bad company and eventually the Market's going to agree with that.

What about the ticker? Dave Uh, isn't that Dave and Buster's or no, that's play. What's Dave plays Dave and Buster's what is Dave Inc Um, it just did a 25 for One reverse. But or excuse me, a 32 for One reverse. But remember, you do reverse splits to try to stay on the NASDAQ most likely yeah, it's listed on the NASDAQ.

Uh, this is not good. It'll probably crater. It's almost at an all-time low. They did a reverse split to avoid getting delisted.

Uh, this will probably keep going down. It's a major Bank apparently I didn't know it was a bank whenever I hear reverse split I think oh wow, that's a company that's getting screwed and it's trying to avoid getting de-listened So um, if I had to play it which I will not be playing it I would short it and I would be willing to risk 984. So I would basically be willing to risk 17 and just hope that it really craters from here. That's kind of a large risk, so I'd prefer a little bit of a retraction back up, but I would not be going long on it I'm It's silly to go long on stocks that are literally in the middle of a reverse split.

HKD Suspended. Uh, just probably a circuit breaking circuit breaker halt. We saw this yesterday. Yeah, right there.

Uh, the halt was at 9 34.02 Which means that it'll start training again at 9 39.02 So it'll be a five minute volatility halt. Uh, and this halt is because it moved too quickly. To the upside: Remember Limit Up limit down halts are not some magical manipulation. No matter how much Twitter and Reddit wants you to believe it.

This happens and the rules are well defined. You might think that they're stupid rules and I'd be willing to hear that and I'd probably agree with you. but I'm just saying it's not like it benefits the Bulls more than it does the Bears it's It's equally applied to everyone. It's equally applied into the upside as it is.

To the downside: it's all about is it moving too rapidly in too short of a time? It doesn't matter if it's to the upside or the downside, it's looking at a percentage movement doesn't matter to the upside or to the downside. If It Moves Too much too quickly, it gets halted. If you want to know the ex exact rules of getting halted or not, all you have to do is search: Limit Up Limit Down. Either the New York Stock Exchange or the NASDAQ depending on which one you're looking at HKD trades on the New York Stock Exchange.

So if you literally type into Google NYSE Limit Up limit down, you can find the exact rules and then you yourself can compute exactly when things will or won't be halted. Uh, HKD halted at 6.9 percent that it's not based on your overall move. Uh, so it's up 6.9 on the day, But that has nothing to do with how you compute a halt. You look at a movement within a certain time frame.

Actually, within a specific five minute time frame has nothing to do with the daily gain or the daily loss you look at basically Market open and they tell you how it's computed. So right here you can actually see that within four minutes, within four minutes, this thing shot up 25 percent. In four minutes, it moved 25. Yeah, of course that's going to trigger Hall and the same thing would happen.

To the downside, if within the first four minutes, it dropped 24, you could bet it would also halt Bbby following with all without a halt. Once again, it just hasn't violated the rules and there's which one is this trading on? Uh, where? Hang on uh on the NASDAQ so you would search NASDAQ Limit Up Limit down. Uh, we've been over this a lot so like for the people who are returning I Don't want to really be beating a dead horse here. Um, but just search the rules and you can find it exactly exactly what you're after.

What time is it? 9 38 Remember I am not allowed to trade until 9 45. Uh, Mullen Sold and popped Tesla I'm kind of watching this just because I think it might be going sub 100 today. We'll add alert to 99.99 That's our Tesla alert for the day. Uh HKD Trading again.

Most likely this will hold again. Commonly halts, beget halts and I would in being no way. This is about to push and if it pushes too much it will halt again. Uh, the Spy nice pre-market push.

sold a little. a nice push again and now it's cratering. Uh, if if you're on Rumble you heard this but then if you're on YouTube you're gonna have to watch. Like the first messed up stream of the day the reports that came out I'm actually surprised that the marketing crater the Market's reaction to the report surprised me because the report was a very positive report for the economy and over the past year when we have positive economic reports, the market reacts negatively because there's fear that the Fed's going to be more aggressive, more hawkish.

So even though we're going up based exclusively on the report, if we're just talking about the report, I'm actually surprised we didn't sell off like I'm surprised we're not trading at like 375 right now and who knows, maybe we're heading in that direction. But man oh man, like this push it just is counterintuitive to what we've been seeing all year. Uh hey, Matt I'm not trying to beat off to a dead horse. but why do you think Mullen is trash? Um, we talked about this so fundamentally: I Believe in my own opinion, maybe I'm right.

maybe I'm wrong. Maybe you have a differing opinion. I think Mullen is trash is multi-full So first of all, look at the overall economy. Not good, not good whatsoever.

The market is under pressure, the economy is under pressure. That's why you're seeing big guys. Tesla Microsoft Apple Google Amazon they're selling off. Overall situation makes it like you have to find the Diamonds in the Rough to be long right now.

Then let's go to the next level. The EV sector is particularly Under Pressure Look at Tesla Neo Lucid all of those all getting crushed. So the overall economy not so good. Sometimes you find sub sectors that are performing well such as energy right now.

But if you look at EVS not performing well now. within the world of EVS, let's talk about who's doing well with the other two. Kind of running into headwinds as in the overall economy. In the EV sector.

Mullen It's nothing. The entire value of Mullen is a rounding error To companies such as Tesla. Its Tech is not that impressive compared to Lucid Neo or even if you look at like classic companies that are also now have EV uh, competitors. Mullen If you look at its financials, which you can find on many, many websites, it's failing.

like it's spending more money than it's making. It's has a very high cash burn it's running into, it's running like it's chipping away at its own free. Capital It is not in the right direction. and maybe it's not because the business itself.

Maybe it's because of the EV sector. Maybe it's because of the overall economy. It's most likely a combination of the two. So now that we have a tough economy, we have a tough EV sector trajectory as of now in the short term: Mullen When you're in a tough situation, you ask yourself, can the company survive the drawdown? Mullen does not have a balance sheet to survive the drawdown? So what? I see nothing good about it I mean yes.

And and we're exclusively talking about investing. If you're talking about active trading, that's a completely different story. Yes. I Do admit Mullen has great moves, so the upside great moves.

To the downside. So if you are a Trader who is actively on your toes to be long and short, completely different story. Yes, Mullen is enticing in that scenario. but if you're talking about an investment I don't see how Mullen survives if you look at all of its assets.

it's cash burn and the current economic situation in Mullen it's the odds are more favorable to failure than they are to success. And I think people who are being Hoodwinked into investing in it and remember investing is very different than actively trading. I think the people who are being Bamboozled into investing in it are just being sold a lie of oh no no no like you got a diamond in it. you gotta hold like this is the next EV company.

It's not the next EV company. Is there a percentage chance that it could be? Yes, but understand that is extraordinarily low play. The better. Odd scenarios: The market is a game of playing High odd scenarios over and over and over again.

Mullen is not a high odds investment scenario. it just simply isn't. Look at its financials, look at its cash flow, Look at its balance statement. It just isn't.

Uh, 200 million sales from Mullen They got a factory for pennies on the dollar they hired VPS from GMM Ford and Mullen Uh delivered that they have the best solid state. Batteries In The Biz There are so many things in that that can be disproven. Turning points to like I'm bet like look into their financial situation. do your own DD Don't take stock advice from people on YouTube Make money off of you I mean no one's going to be stoked that I'm saying that Mullins Trash.

but like I've presented my case you if you're bullish on Mullen present yours. Present a counter example to my opinions on the overall economy, the EV sector, and the specific financial situation of Mullet. It's as simple as this: they don't have enough money to survive any serious downturn. And where you might be able to see that is the fact that it's trading at 42 cents.

It's trading at nothing. It's a small company that, unfortunately, we're in a tough economic situation. It's trading at 42 cents. It's lucky it's not gonna get delisted.

They'll probably have to do some sort of reverse split just to stop it from getting delisted. I mean I think what it is I think Mullen is an