Brothers and Sisters, did you see what happened in the old Stock Market today? It was as green as green could possibly be. The Bears got absolutely annihilated and that's exactly what I want to get into in this video. Why was the market so incredibly bullish today? And hey, PS I hope you made a lot of money and also the major things to pay attention to for the remainder of this week because we have a lot of other big things coming up on deck that could push this even higher. Yes you heard me right.

or it could also prompt a pretty brutal U-turn So I want to get into everything? Just put it on your radar of what you should be paying attention to cuz man oh man, is this some fun times now. Obviously, before we get into all that, if you enjoy this type of content, help me out. smash the like button. don't forget to subscribe.

With that being said, let's ride. By the time the closing bell went ding ding ding ding today Tuesday November 14th the S&p500 had notched the best day since. April Dow leavs nearly 500 points on soft in inflation report. And for those of you who are a little bit more of a visual learner like I said, it was as green as green could possibly be, this is a look at the S&P 500 and man oh man, if you degenerately got yourself into some call plays today, congrats to you.

Now for those of you who want more of the specific numbers the Spy up 1.94% the tech sector The Q's up 2% Tesla Ripping 6% you have Nvidia that's up 2% you have rum up 5% it was just green green Green Now obviously I want to get into all that I Want to break down why we have such amazing stats such as that magnificent 7 index now it'ss 2% off its all-time highs currently up over 100% year to day I'm going to get into all that but before we do I have to share with you One of the most astounding things I've seen on the internet in quite a while and I promise you you are not going to be upset if you watch this video. it's only a minute long. This went down in the Senate today like he's self-made sir I wish you was in the truck with me when I was building my pluming company. myself and my wife was R in the office because I sure remember working pretty hard in long hours.

Quit the tough guy act in these Senate hearings. You know where to find me any place anytime Cowboy Sir This is a time. This is a place you want to run your mouth. We can be to consenting adults.

We can finish it here. This is where internet drama spills over now. I'd love to do it right now. Well stand your butt up.

Then you stand your butt up. Oh hold stop you stand your butt up. Stand up down. Bir Sanders has to step in AC Okay, sit down.

please. All right. Can I respond Hold it, Hold it. Hold it.

Hold it. We can. No. I have the I'm sorry.

This is what you'll have your time. Okay, Can I respond oh no, you can't Just a gentle reminder that all levels of power within the US is absolutely filled with with nothing but children. And now that I got to share that piece of Absolute Comedy with you, let's return to why the market was ripping to the High Heavens today. and the reason for that is basically inflation.

Or what I should say is inflation is coming in below expectations an hour before the market opened today at 8:30 a.m. ET We got the CPI report the Consumer Price Index Report. The expectations were 3.3% year-over year. 1% month over month.

And if you looked at core CPI month month, the expectation was. 3. Well, all those came in a little bit cool, a little bit lower than expected 3.2 0, and2 respectively. Which is good.

That does actually mean that prices are continuing up, but just the rate at which they're going up was less than expected. So even though this isn't a massive win, it's a win nonetheless. And that's exactly why the market is going up. Inflation was flat in October From the prior month, Core CPI hits 2year low once again.

Is this phenomenal? Are things deflating? Absolutely not. But we could kind of chalk it up to meaning that there's at least less pain than expected. 10-year treasury yield tumbles Below 4.5% on Cool October Inflation report yields down bonds up and bonds have been vomiting now for the whole past year. So once again, another sign of relief.

And don't forget as bonds go back up, that's going to be putting less pressure in the financial sector. which is when all those Banks got into bonds, then bonds fell giant hole in their balance sheet and that's what caused some of them to blow up. So even if you look at the financial sector ticker symbol XLF you can see that there was a great relief there. Specifically, cooler monthly inflation report pushes mortgage rates even lower.

So yes, there's not as much pressure on buyers right now as in things are little bit alleviated. But more importantly is what this means for the FED fund rate. So the Federal Reserve the US's Central Bank their Fed fund rate sets the tone for all other interest bearing things, including the interest rates on mortgages most likely. and this is what's being really pricing in the market right now.

We've hit the terminal rate aka the peak rate of 5.25% and probably coming in mid next year. We're actually going to start to cut that number which will once again be alleviating those interest payments, especially on mortgages. And for those of you who still want to know what's specifically expensive and what's been coming down, here's the inflation breakdown for October 2023 in one: CHP So this is everything in the Consumer Price Index And when we say core CPI that's taking out food and it's also taking out energy. And it's really this Core CPI that people really been focusing on.

and that's because other aspects within it are proving to be sticky. As in they haven't really been coming down and that's specifically services and shelter. And granted, they are still kind of elevated. but they finally showed a little bit of weakness.

a little bit of cracking, which is obviously giving a lot of people hope now. I Do want to clarify: Does this mean that we've defeated inflation? Does this mean that we're a okay, absolutely abolutely not as much as my crystal ball is working as as much as your crystal ball is working, everything's a little bit of guesswork. And right now we got some positive news. and obviously the stock market is always a futur looking mechanism.

so it's said hey, maybe they were able to pull off the cornicle soft Landing Is this a guarantee that they did? No. Obviously, month over month. I'll continue to monitor the reports and make sure we are still trending in the right direction. You Could argue maybe this was a fluke, but also maybe it wasn't And right now we're obviously seeing quite a bit of optimism in the overall stock market because of its interpretation of what this means for the economy.

Now here's a fair question: was everyone on this planet happy to hear the news and the answer to that is absolutely not because there's a lot of people who have had pretty serious bearish bets against the market saying hey, this recent rally it's BS it's baloney and we're going to come tumbling down and with this newest push, we're seeing a lot of them get blown out of their position breaking. Michael Bur has closed his 1. 6 billion S&P in NASDAQ short position for an estimated loss of 40% Quick side note here, he didn't actually bet 1.6 billion. That's how much he would have had to pay if he exercised his complete put position.

Yes, it was bearish, but it cost him more in the tune of$ 25 million which hey, a 40% hint he still lost in excessive $10 million. So I'm not saying it was small I'm just saying he didn't lose $ 800 million but he's also not giving up quite yet. Michael Bu reveals new bet against chip stocks after closing out winning Market short I'm really confused as how CNBC came up that that bet that I just covered was a winning Short play because if you look at the time of the entry and the exit the market was higher and he had put so that doesn't really make sense and hey, maybe if you have the answer to that, let me know in a comment below cuz I was very very, confused. But anyway, as to his new trades, he's betting against a very hot sector I'm talking about semiconductors I'm talking about those fancy schmancy processing chips that are used in the world of AI data centers, C crypto and a lot of high-end gaming.

He's betting against popular names such as Nvidia AMD Bur's Scion Asset Management has a put possession against 100,000 shares in Socks Sxx. The exact value of the options position is not known, but the notional value of the sock shares involved was more than 47 million at the end of the quarter. For the sake of thoroughness, here's a look at what's currently in the Sxx: The Socks: ETF AMD Avgo NV INTC Qualicom Micro. As you could tell, a lot of the most popular semiconductor names, and if you look at the market today, this sector did particularly well.

In fact, Nvidia almost hit a new all-time high after it was already at a super elevated level. So even on this position, I Don't think Bur's too happy moving forward. There are a lot of major things you should be paying attention to I Hope you're watching this before Wednesday November 15th because an hour before the Market opens, we get another key inflation update. this time the PPI.

Today we got the Consumer Price Index. Tomorrow we will be getting the Producer Price index and on top of that retail sales. So another key indicator of what's going on in the world of inflation. if this comes in cool if this comes in a little bit light as in the numbers lower, I'm looking for the market to continue up and obviously vice versa if the inflation report comes in high.

if it comes in hot, I'm looking for the market to actually take a little bit of a HP and then later on this week Friday November 17th we're going to be getting the CPI report, but this time for the Euro Zone not for the US. On top of that, we're also still in earning season before the Market opens tomorrow. Target Advanced Auto Parts Jed and TJ Maxx later on this week Alibaba Walmart Macy's So yes, most of the major earning season is already over, but there's a couple ones that I just thought you would be interested in. and I also want to let you know back Wars.

Locals.com That's where you can get access not only to the Gooni Discord but also this newsletter. The newsletter part is free and you can can actually get free access to the Discord if you use the code Gooni G O N I E I break down the previous week the upcoming week I let you know of all the major macroeconomic events all the major earnings I think you'll carry about, but for this point I Want to let you know about seasonality for Wednesday November 15th the day is absurdly bullish PPI days also leaning slightly in the favor of the Bulls. So when I put the seasonality together of how this day has performed over the past 25 years, the recent CPI report, the upcoming API report I think there's a pretty decent chance that the Bulls will continue to dominate now is that obviously a guarantee? No, at the end of the day, you could predict whatever you want, but I'm going to trade whatever the price action is. But I just want to put a couple of the moving Parts together for you just so you feel a little bit more comfortable with what's potentially going on in the back end.

That's what I have for you in this video I Appreciate you stopping by I'll catch you tomorrow. Feel free to stop by in the Stream or just catch the update when it comes out after the market closes pretty much every single day of the week. That's what I have for you. Thank you thank you thank you I'll catch you in the next one.

Have a beautiful day.