One Two Three Testing One Two Three Testing One Two Three Earth To chat. Can you hear me? Can you hear me? Can you hear me? Can you hear me? Chat Chat Chat Chat Chat Chat Chat chat. Uh Earth To chat. Can you hear me? Earth To chat Earth To chat Earth To chat Come in coming at you loud, Very coming at you.

Loud and clear Chat: uh anyone? anyone whatsoever? Hello: Can I hear you? Can you hear me? These are all super super valid questions. Super valid questions. I'm back. This was 100 a Stream Labs issue.

Streamlabs just froze me. They're like, nah, we're We're good with what we're doing right now so we're not gonna keep you going, but it looks like we're back. Thumbs up Thumbs up Across the world. Thumbs up Thumbs up thumbs up thumbs up.

All right. Looks like we are good. All right, cool, cool. Let me just uh, get what I need to for Street beat Uh which? I Guess this is as good of a transition as any to tell you guys.

uh on pen I Just pinned it to the top of chat. Uh, if you want to try out robotic trading, it is now pinned to the top of chat. Uh, use the code. Matte M-a-t-t Uh, if you haven't checked it out right now, click on it.

Check it out. It's an awesome app. You can download it to your phone, it's free to download, put in the code mat, and when you actually get rocking with your account, you're gonna get paid to try it out. It's a normal non-payment for order flow brokerage, but on top of it, you have the option to elect into trading strategies and I was speaking with the team at the start of last week in the foreseeable future.

In the next handful of months, the things that they're gonna roll out to everyone on the platform literally has not been done in the world of retail trading before. I Guarantee you you will think it is some of the coolest stuff you have ever seen. It is free to sign up, they're gonna pay you to sign up and get going if you use the code mat, m-a-t-t and then on top of it. in the meantime you could just be using it as a normal non-payment for order flow broker bridge but pinned to the top of chat in the description of the video I am so excited I like signed the NDA and everything so I can't like tell you what they're about to release but the next couple handful of months the things that they plan on releasing to the public I I Truly truly think it's uh, gonna be hard for a lot of these other brokerages to even compete because they're going to have first mover advantage on some of the coolest stuff I've ever seen in the world of retail.

I'm so excited. Stop touching uh the rails in the subway map. you know the issue with it is um I Just like doing it I Just like doing it Uh so I don't know if I'll be able to stop. Just something about it.

Like you know how we all have our own thing. Like you just do something like I don't know why I do it. My thing is just like whenever: I get in the Subways in New York I just love licking the handrails uh Luke C I like your haircut Luxy I like you as a human being for you to go out of your way and compliment me in my less than 100. State just shows how good of a human you are, you know Luke Gold star Congratulations Luke I Don't know if this is your first, second, or third, or 18th gold star, but you got another one.

You're not supposed to be licking them to build your immunity. I I Just do it for the taste all the flavors. Uh, two years of chaos with you Bud Lfg Chaos and Roswell you've been a Spacey for 24 months. Um so some members of the Moon gang ended up Banning together in the desert where um, you don't tell anyone really what you did I'm talking about Vegas how much money did you guys end up winning? Uh, Chaos and crew? There was a a small goonie sized Meetup in the desert where I am under the impression that they gambled boatloads of money and I'm I just hope they ended up ahead.

You know I hope you made money. Mine is 500. It happens better than Minus 501. we we gotta find the silver lining.

The silver lining in the situation. I Lost 2 300. Okay I'm starting to hear some losses. Did anyone have impressive wins over the weekend? I Just lost my respect.

You'll be able to get that back. What's going on with AMC Who knows? Wait Champions Really wait, Are you the same person? Oh I Like it Champions Is this another FTX What's going on with AMC Champions Are you one of those people? Is that really how you want to start off the day in the week? You just want to start off be like I am an AMC follower and I need to hear about Abe Oh Matt Cores I know FDX and I'm gonna regurgitate something I heard on Twitter Is that what's going on Champions am I misreading this like is that is that what you're doing? Come on Champions Tell us, Tell us what's going on. You have to know that Adam Aaron fucked you over and you have to know that if you think any individual Creator is responsible for FTX go get your head examined. you know I I think that's probably the the best place for you to like.

Really start man. I I Don't get it. I was real like I for whatever reason chose to uh, go down some of this like hopium copium rabbit hole over the weekend because I had a plethora of time at three in the morning and it's it's still there. It's crazy.

It's crazy. What program do we sign up for robotic training? I see a few options? Well, so the way it works is they have various robotic options and you just pick the one that you want. Um, so I'm I'm in the bond one, I'm in the earnings one and I am in the top government contracts one. Um, so you just picked the one that sounds most interesting to you.

uh, who is still holding FRC how many average? Well I'm in FRC I don't know how many but I know my average is 42. I have a couple hundred shares. Hopefully it comes back. Hopefully it comes back laddered into a bunch of CDs uh I mean not a bad deal laddering right now into government-backed debt or government-backed bonds I should say or notes or bills or whatever time frame you're doing it on.

uh I think it's really smart I think it's uh, incredibly smart. All right, let's switch things up a little bit so you guys can see more than just my very blown out face there. Uh, this is street beat by the way. Uh, very very nice.

UI but just check it out for yourself. You can find a PIN to the top of chat in the description or just download Street feed, but if you want that free money you're gonna put in that code Matt m-a-t-t if you want the free money I Don't know why you wouldn't want the free money but if you don't I guess don't put in the code mat if you want the free money and you forgot to put in the code map which is very early on in the sign up process uh, reach out to me DM Me on Instagram DM me on Twitter and I will do my best to help you out. but here's a little look you see at what's going on. Uh Dow futures rise more than 200 points as Wall Street tries to build on last week's gains.

So um, let's go to a smaller time frame first. so I can better explain this. Oh I wish that wasn't there. but anyway Friday of last week we pumped, we came down and then around 11 15, 11 30 you're like you know what we're gonna rip for the rest of the day and we did Rip for the rest of the day and actually until now we are continuing continuing continuing.

One thing I want to point out and this is fully detailed in the newsletter is uh, multi-fold Okay so first thing is this blue trend line is the 200-day simple moving average. You have the simple, you have the exponential. The only difference is is the exponential moving average for whatever time frame you're on or whatever amount of data you're taking in 200 150. It puts more weight on the more recent bars.

The more recent bars are more influential in the final computation. Simple moving average: The amount that you're taking in are all weighted exactly equally. A lot of people love to watch the 200-day moving average in the 50-day moving average. They love when the 50 is above the 200 and they're kind of bearish when the 50s below the 200.

And they like to look for these crosses. Well, anyway, when you're just looking at the straight up 200, people like when price actions above it generically they're It's thought to be bullish. If you're above the 200, it's thought to be bearish if you're below the 200.. Well, as you can tell, we've been battling it out at the 200.

we sold down to it at the end of February. We bounced off of it. You know, kind of a double bottom support here. Then the bounce didn't go that high.

We cratered through it. Then we went back up. we got smacked by it, then we tried to recover Again, we broke through it and now we got smacked down to it and we've just been battling out at it. Wednesday Thursday And Friday Of last week, we have been seeing a clear, clear battle at the 200-day moving average.

But I would actually like to point out the fact that the fact that we're holding there and like actually battling off of it and putting in seemingly a higher low I would say okay, that's the feather in the cap of the bulls for sure. Now the other thing I want to point out are these three oblong circles I have going on these. Um, I don't know I wanted to call them ellipticals, but that's just the fact that my brain is still somewhat fried. Ellipses: Ellipses are those three dots right at.

like when you're writing the three dots of weight ellipses. I'm sure there's a word that I'm thinking for here that I can't come up with someone in chat will know it. Ellipses: It's probably just ellipses is right, but isn't ellipses also like a writing tool? Anywho, I think we're kind of like missing the point here. Uh, is we have an upside down or a head and shoulders shoulder head shoulder.

So I am seeing the fact that we have uh protection at the 200-day moving average. a fake out breakdown of both the 200-day moving average and the trend line of 2022 and now an inverse Head and Shoulders this morning we have a little bit of a gap up. So yes, that means you do have a downside gaffle to 395.84 But my thesis is if the market can get above and hold above this region right here, the 400 to 400 250 if the market, the overall: Market the S P 500 tracked by the ETF spy can get above and hold above 400 to 402.5 There are various technical bullish things all coinciding that I think we could get a nice movement. to the upside: I Know this is a bit of a switch because a lot of the time recently over the past six-ish weeks, I've been like I'm a little bit more bearish I'm a little bit more bearish I'm a little bit more bearish but I think and I've done this psychoanalysis on myself that a lot of the times I find myself to be more of a natural contrarian and I think it helps in the market because I'm of the belief that the market will punish the most people possible and I think because January was so good.

Everyone's bullish bullish bullish this year is going to be great. we're fine rate Cuts everything's gonna be great YOLO YOLO YOLO I was like uh oh, there's a lot of bulls in the market I think they're about to get punished and then all of a sudden things started to turn and I think everyone started to get bearish and then we had Banks blowing up I Still believe and hey, you might believe this. you might not. I'm not necessarily saying this is an axiom of great trading or great investing, but I am of the mindset that the market loves to punish the most people possible.

It does feel as if recently too many people got into the bearish boat, too many people were like gloom and doom and this is going to be off hole in the Market's falling to zero and blah blah blah and then all of a sudden we start to pop and go up and up and up. So I'd like to switch and almost be in the uh minority Camp before everyone else joins that party. Does it always work? Absolutely not. There's no such thing as always working in the market that's just like.

That's just a foolish mindset. But this time around as I still hear all this fear about what's going on with the fan, What's going on in the political landscape? What's going on on the geopolitical landscape? What's going on still in the banking sector? What's going on with inflation? There's so many things that I think so many people are just like overly bearish that there's actually a chance that we might see some set of like Market wide like bear squeeze here. Now I'm not saying for like a mega push up to 420 4 30. could it happen? Of course it could theoretically happen, but I just wanted to point out various things that I saw that were like I don't know.

It makes me a little bit more confident to be a bull in this very particular scenario. Now if you're watching this and you're like dude, I am the biggest bear ever, maybe one of us is going to be right. I'm not an expert. If you're coming to this show for expertise, you're crazy I'm just a dipshit who has a camera and decided to film myself and I'm more than happy to share my thoughts and opinions and my research with you.

But as many things as I get right. I'm gonna get wrong. So I'm not saying that like what I'm doing is like gospel here and I'm gonna present my thesis to you. Maybe my thesis is good, maybe my thesis is completely bust, but I just wanted to point out that I actually think that the Bulls are starting to uh, rear up their head if you will.

and the other thing I wanted to show you is right here. Equity: uh, statistically, it is not uncommon for the low of the year to actually be in mid-march Um, so this is something that I'm not seeing anyone else discuss. but from a statistical standpoint it is common to see the low of the year in mid-march which this year literally might just be a statistically predictable year. I Also want to point out from mid-march until kind of the remainder of the Year April absurdly bullish of a month may not so fun, but we might just be seeing exactly what history tells us of.

like oh, the market bottoms bottoms out in mid-march and then we just kind of pump from out there. Totally possible now. Obviously, this year, like any other year, every year feels special because it feels like the day that we're currently living for whatever reason is more special than history. which I don't know I think that's just humans and our ego.

but I do want to point out that it wouldn't be in any way in any way surprising if that low that we saw is at least the low. Let's just say for the next handful of couple weeks or months, uh, obviously it's dependent on what happens with the banks or not. But I mean as you can see, banks are bouncing FRC is up 33 I know that's only 6. Sixteen dollars you might be like, well, it has a ways to go and it totally has a ways to go.

I mean I'm down more than 50 on the position I'm in at 42. Uh, so I but hey, every dollar counts. The fact that it ended Friday at 12 I Would love to see this up and up and up, but we are seeing a recovery right now this morning in the banking sector. Will it hold? I don't know I could tell you the odds of the day I Could tell you that today it is leaning a little bit bullish.

This is the seasonal play out of today individually. if you like this seasonal stuff, you should know that I'm giving it to you for free and every single newsletter that I get out on time among other things. Just so you know, the major Market event for today is at 5 p.m Uh, the FED Governor Jefferson is speaking. There's some other things I Want to get into that? Apparently I was just like way, um, over on schedule for today's prep.

but we're gonna do that after the Market opens. But anywho, the casino is open. Best of luck. Oh, play responsibly and if not, have fun because what? It's just money, right? Like fuck it, it's just it's just money.

Um, remember, the opening bell is brought to you by Street Beat. It is free to sign up. It is a non-payment for order flow trading brokerage that also allows you to do robotic trading if you so choose. Uh, obviously to entice people to check it out and see what it's all about, they are giving you anywhere from five to five thousand dollars when you use the code Matt to sign up.

If you're at all interested in it, you could just download the app street Beat or you can click on it. It's pinned to the top of Chat it's in the description of the video. No harm, no foul, Minimum minimum minimum minimum for you. Just checking it out is you're going to get five bucks.

Um, but I think it's actually even cooler than that. and that's exactly why I Have over ten thousand dollars of my own money in it and I'm planning on putting in more money. Narrator: had a rough weekend. it was Friday It was rough.

dude. when you're shaking and like you feel cold, but you know your body's like scorching hot. like when you have no temperature control and then you just end up like randomly vomiting. Those days suck.

How do I voice squeak the code Did my voice break? their my apologies My entire goal for this week is to get my voice to go back to being as buttery smooth as you fully expect it to be by the time. I Interview Chris on Thursday That's my whole goal. How does Citadel pay you hourly or fixed salary? Um, they actually just give me like fat like massive fucking paychecks into my account I Don't know what it's based on but like just I open up my account and just more money there I don't know. It is sick though.

Just like money money money I'm like yo I need this new Corolla new Corolla sport coming out and like all right cool. Or if I'm like yo I need a new Texas Roadhouse franchise. they're like hey got you bro. Um, it's just like it's kind of like unlimited money.

Like you know how sometimes you've done those mind games of like oh like what would it be like to have like a genie and like one of the wishes you get is like whenever you try to buy something that perfect amount of money is in your pocket. That's what my relationship with Citadel is like I just think of something and I'm like yo like I need that or I need to pay for this and they're like yeah, cool, don't lie Matt Trident Leaders nice haircut. did you get your Barber stick? no. So fascinating thing about that I was still respectful I still wore my mask and everything but according to my doctor, um I stopped being contagious on Friday apparently you stopped being contagious when your temperature breaks and my temperature finally broke Friday evening and I didn't get my hair cut till yesterday but that's what they said also I don't know my doctor wasn't the biggest fan of Tamiflu he's like I don't know like I I asked him for Tamiflu because I was like I used it in the past and it made me feel like better pretty quickly.

um and he was all like I don't know about that I was like well why and he's like well Tamiflu can cause like hallucinations and whatnot and I don't know if any of you guys have recently been dealing with this with the cold that's going through. um, but I took Tamiflu My dreams have been another level like crazy Vivid lucid dreams every single night from Thursday until now I've been having off the fucking long dreams I'm telling you folks, it's been nuts. nuts, nuts nuts. um hi Matt how was your weekend I saw you crying at Planned Parenthood Are you okay? That wasn't me this time around.

Uh oh hey Mark I Had my face buried in a toilet for four days. Oh that sucks I only had only Friday was like a vomiting day for me. Hope you feel better? Yeah no. I'm I'm at the point where like I'm feeling really good I I think I honestly like the little bit that I sound nasally messed up right now I think that's actually even overstating like I'm feeling pretty freaking good I feel like 90 95 better and I'm hoping by tomorrow I'm like 100 percent just gotta hydrate Hydrate Hydrate Hydrate the market is going up I do want to like I said I'm clearly watching this level.

Be mindful of the fact that there is the gap down on the overall Market to 395.84. um, we haven't done this in a minute. um I guess I could give you a quick review of some of my positions. or do you guys I want to give you my positions but maybe we should do it in a bit.

Uh, looks like someone's getting banned from chat I'll do it uh I'll kill him all right? uh I'm gonna put this vote to the audience I just need one person to Second it um I'm about to Guillotine someone uh, as long as someone's like yeah, like I second it because this is a democracy after all. um I know sometimes it might feel like a dictatorship or almost a totality totality. I can't do it with the medicine in my mouth. We have a second, We have a set, We even have a third.

We have a fourth. All right. Yeah. I'll take care of them.

Where is he gone? loser? See you later Champions Champions Two Three Gone Forever Loser Yeah I know it's pretty I Just can't say it with the uh, the lozenge in my mouth. uh, what just happened that the Market's now coming down anyone? Any ideas Hotel Atarium Total: I Have to like: Do it with a medicine under my tongue like my tongue's not moving the right way does Gen Z Pump Phase: Um, no phase is just an awful company from a business perspective. Now you might like phase. I'm not here to like shit on FaZe They are far more successful in the world of content and gaming like it's It's no shade on phase in terms of what they do.

But in terms of their business, all this business is doing is hemorrhaging money and showing no signs of relief that it was. They got very, very poor advice for them to go and like be publicly traded. Uh, just got absolutely annihilated. This isn't being pumped, this is just being destroyed.

Um, it did well at first I Suppose like they had hype. They have a lot of hype and following. Uh, once again, no shade on them as like people or Gamers They are impressive content creators. But in terms of running a business, this is a business that it was very silly for them to take to the public markets.

um someone I assume offered them the deal if I had to guess how it played out. Um, what is this? Do you still have the Road Warrior? Toyota Corolla you know it GTA Nation Corollas for life there's as soon as there's no sense in having cars. Beyond Corollas Like as soon as we made the Corolla we should have been like okay cool we have topped like we top ticket. We've made the best car we can make time to move on to other things in the world.

Uh, that's my opinion on Corollas and if you have a differing opinion, just know that you're wrong. Uh, so just want to throw that out there. But anyway, if I if you ask me about what's phase and all that I think there was probably some businessman who approached the community the phase community and pitched it to them and made it sound like a great great deal. It made it sound like they were gonna make a lot of money and in reality they probably made some money but the business person who probably brought it to him made the most money and just gutted to them and is now gone.

Uh I think he just took advantage of a group of people who were very successful in one domain and just didn't have knowledge of the markets or SPAC deals or anything like that and it didn't help that I Believe there's now a lot of drama like once in a while I'll see tick tocks or I'll see videos pop up on either Rumbleland or YouTube uh about drama related to like members of the phase community and I don't know I kind of feel bad for some of just the individual players who are just there to play and they want to be top tier like Esports players. um so I feel bad for them but I think they just got uh screwed over I do businessman to face. trust me bro, going public is a good idea I think so I think the right things were said and the the Allure of money was like no, like you gotta go public like you're gonna make so much money, how much money do you have? oh do you want more and they're like yeah and they're like all right let's do it and then it just got absolutely demolished I mean if you look into their earnings, if you look into their financial statements, it's brutal like it is so so brutal. Uh, it's the exact opposite of Texas Roadhouse where every number you see is better than the previous.

Look at that Beauty look at that beauty. This is the best thing I've ever seen since tulips back in the 1600s when I was a small Dutch boy a small small Dutch boy and the crazy thing talk about like just the market Gods like I know a lot of us in here. We get mad. We get mad that you know that the market screws you over.

You're like oh, the Market's out for me I have proof right here that the market is sometimes a benevolent God And my example of that is right here: Wednesday March 18th 2020 you had the opportunity to scoop up Texas Roadhouse for a price that you could not have all the way back until 2014. So for six years, you were there, crying like a little petulant child, that you missed out on the greatest money making opportunity of many, many generations, potentially of our species. And then right there the Market's like, well, hang on if you're that upset that you're missing out on this opportunity For one day, one day, they were running a giant giant discount sale on one of the best assets of man or woman could possibly own. And the people who were shrewd, they bought it up and now they've written it from 25 all the way up to 104.

it's perfect. Absolutely perfect. I sure don't own Texas Roadhouse I'm gonna buy it I'm waiting for my taxes to get done and then I have to contribute to a self employment something or other and a Sep I Don't know. it's like a retirement account when you're self-employed and I'm gonna put a chunk of it in Texas Roadhouse And then all we're gonna do, we're just gonna have Texas Roadhouse Thursdays That's my big plan.

Um I Don't think it's going to be good in terms of my content career, but in terms of self-fulfillment we're having Texas Roadhouse Thursdays yeah Texas Road out Like just we're gonna go to a Texas Roadhouse All we're gonna talk about is Texas Roadhouse It's just going to be txrh the whole time we're gonna go stream from the Texas Roadhouse in Texas Talking about Txrh it's gonna. it's it's a match made in heaven folks. it's a match made in heaven. Why is Svb up? Um, has the market opened up enough? Yeah, okay.

you get the idea. It pumped, it came down. I Do want to show you my algorithms really quickly. Why are they not coming up? What the hell? Hello brother.

This is. uh, my computer's freaking out a little bit. Tradestation barriers? um finally. I Just wanted to show you where we're at now.

remember this is the same strategy just run on two different markets on the left. I am running. Uh, currently we are. This is called the Pelosi or Pelosi's right now.

Uh long on both the NASDAQ and on the S P 500. It's just in the Futures Market but I have two positions. one micro contract on the NASDAQ, one micro contract on the um. hang on sorry, this just completely messed up.

I Don't know what's going on here. Uh, but you get the idea. I'm currently long or Pelosi's long on both of those for me. All right? Uh, and as the Spy goes up, hopefully we'll be making some money.

I will put on the audio just so if it does hit, it hits. um I Noticed some weird stuff I was trying to do some back testing and I think the cash is completely messed up because going into the weekend it said I was up on the month 1800. and then when I tested it over the weekend it said I was up 4k on the month and now this morning after I cleared the cash and everything, it set them up 500. Um, so just to be conservative, I'm gonna go with the lowest number.

at least they're all positive but uh I don't something? I think I have like weird data issues right now on tradestation. If any of you have dealt with that in the past like cash issues where your trade manager analysis like basically telling you the history, uh, just something's off and I don't know if trades aren't being matched properly, but something's getting a little bit funky for sure. Roadhouse Kick to the face. Why is Svb up? Uh, Svb up is because of not that one, not that one, this one right here.

First Citizens To buy a large chunk of filled Silicon Valley Bank The deal we'll see First Citizens Bank purchase around 72 billion with a B of Svb assets at a discount of 16.5 billion. A further 90 billion insecurities and other assets will remain in receiver receivership for excuse me deposition by the FDIC The U.S Federal Deposit Insurance Corporation transferred all Svb deposits and assets into a new bank Bridge earlier this month in an effort to protect depositors of the failed lender. So obviously right now, the market is just liking that First Citizens is stepping in and buying a quote unquote large chunk of the failed Bank So that's what you're seeing there. Um, I Do want to call out that in terms of macroeconomic events.

The main thing is the Governor speaking. Uh, tomorrow we have some stuff running. Uh, the big thing for this week is on Friday We get the Pce the personal Consumption Expenditure report. Uh, it's another inflation measure like the CPI report a little bit more timely, a little bit more broad that comes out on Friday but also I Believe that we're going to have the FED uh, testifying this week to Congress so that's going to be an important one.

Uh, that's going to be happening tomorrow and Wednesday And yeah, we're going to be streaming that whole thing. So once again, we're going to have the FED officials testifying to the Senate and to the house to Congress starting at 10 A.M Tomorrow, we will be streaming that whole thing and we're just going to be back into this game. this: I don't know, dog and pony show of fed members just saying things every single day in the market, reacting to it pretty violently. Um, but it is obviously important because the whole banking thing.

it's absolutely wild and I just want you to know what's going on with the Federal Reserve this week in terms of Congress the FED will face Congress this week as lawmakers look for answers about recent bank failures, our senior economics reporter Steve Leesman has a list of what lawmakers may be asking and I bet that's a pretty long one. Steve it is. and there's the We'll be asking and should be asking. we have fingers this week.

Uh, Becky You're going to be pointing out the Fed and potential supervisory lapses in the recent bank failures is Vice Chair for supervision Michael Barr He's going to go before Congress for two days of testimony that starts tomorrow in a statement Friday Tim Scott The ranking member for the Senate Banking Committee said quote. A number of warning signs existed at Svb in the months and years leading up to its closure. As per reports, these risky practices were on the Federal Reserve's radar for more than a year. It is apparent that the Federal Reserve supervisors and examiners neglected to intervene in a meaningful, appropriate way, so that's a question right there.

Some other questions might include the absence of stress testing for Rising interest rates at least with the major stress tests they do whether the FED had concerns about deposit concentration in a single industry, and the flight of deposits, and of course, the role of rate hikes and rate Cuts in creating a fragile banking system. A related issue: does the Fed put the Dual rules It serves of supervision and monetary policy on the same level or a supervision at the FED a poor relation. One former senior official that I talked to said to me the monetary policy makers and the supervisors are in different places physically and culturally he know noted that the two sides are not really in routine communication except for driver's office. The FED successfully argued in the battle over Dodd-Frank to keep both roles something by the way that is separated at the bank of England amid the fast rate hikes of the spring of Summer only one official boxed at the speed Kansas City Fed president Esther George She dissented from a June rate hike, saying she was concerned among other things about the impact on the bank system.

Maybe Esther knows what's no longer at the FED. No other Fed official, including Barr who joined the FED in July dissented through the most aggressive rate height cycle in 50 years, and few Fed officials have even mentioned the threat to the banking system and the issue of interest rate risk. Becky So this is all I Just want to set the scene for you, the stage for you for what's going to be playing out tomorrow. The next day, they're gonna get grilled.

I'm particularly excited to see what happens tomorrow with the Senate because I'm pretty sure that Elizabeth Warren will be like on her high horse about this whole thing. So I just kind of want everyone to know that yeah, we're going to be. it'll be. for the next two days we're going to be doing like the double stream scenario uh, one just for like Market open and doing that and then we're gonna cut it and then get right into uh, all the craziness that is our Congress who are people that don't know anything about fiscal or monetary policy and they're just gonna be there pandering for votes for the next cycle, but should at least give us something fun to talk about, chat about.

uh Feds Kashkari says stress in the banking sector brings the Us closer to recession. so I believe cash card was speaking yesterday I Want to say to Face the Nation yeah CBS is Face the Nation kind of interesting. Uh, he for the first time actually sounded a little bit dovish. There's a lot of Fed members.

Kashgar is one who's always been a little bit more on the hawkish side of like we need to fight it. We need to fight it. We need to fight it. Uh, he's the Minneapolis Fed president Neil Kashkari but yesterday saying some dovish things so just a little bit of a change of pace for him.

A little bit of a different tune that he's whistling now. So I just want to bring that up to everyone. Uh, strange switch for Kashkari and then just for the people who are asking what's going on with Svb for Citizens Bank That's the big update in the world of banking before we watch this. So I just want to point out what's going on in the market FRC is now actually following Uh Tesla running into a wall at 197, the Spy is looking strong, just below 3.99 Remember, the key region I care about on the Spy is the 400 to 402.50 That's the region that if we get above and hold above I think the Bulls could actually have a very, very nice push in the short term.

Don't forget, it is not by any means uncommon to bottom out for the whole year in March so maybe just maybe that could be the bottom that we've seen recently. So I just want to let you kind of quickly know where we're at there and we'll play this trade higher. The FDIC says First Citizens Bank and Trust will buy Silicon Valley Bank deposits and loans and the deal includes the purchase of about 72 billion dollars in Svb assets at a discount of 16.5 billion dollars. around 90 billion dollars in Securities and other assets will remain in receivership at this position by the FDIC and the FDIC received Equity appreciation rights in First Citizen Bank shares with a potential value of up to 500 million dollars.

for Citizens will receive a line of credit from the FDIC for contingent liquidity purposes. It has a loss sharing and kind of a profit sharing agreement with the FDIC to protect further against potential credit losses. And then beginning today, Svb 17 former branches will begin operating as Silicon Valley Bank a division of First Citizens Bank. It's interesting to keep the name too.

Yep, the CEO of First Citizens is going to join us at 7 A.M Eastern and the first one CNBC Uh, interview Frank Holden Jr I Think Raleigh-based Bank, it's in the top 30 as far as Banks I think 109 billion in assets. This will put Svb was 16 in terms of assets before everything fell apart. There it was 16th 16. Yeah, this will put in the top 25.

Uh and um, it yeah 109 billion was what it what it had before. so it's it's one of the fairly big Regional Bank at First Republic is up sharply today. it's back over 15. A lot of the Uh, the Regionals or back I now I think what the FED now is back to inflation I Guess Well I mean look, this is the best.

I I Don't know if it puts things to bed, but it certainly looks better for the moment. Um I Think it's going to cost the FDIC about 20 billion dollars. They're talking about the profit sharing that they would get on top of it, which is the way to deal with it. the FDIC insurance.

So it hits it to the tune of about 20 billion dollars, right? right? Which is uh, by the way I think they had 120 billion dollars the last time I looked at their balance sheet maybe at the end of the year for the FDIC. So about one-sixth of what they make FDIC is not government money. These are funds that come from the banks. They pay the fees that go directly into this right.

It's a pretty good deal. I think for First Citizens Bank because they're getting something like 72 billion dollars in assets, the assets and the the loans. They could do well for about 16 billion dollars and it gives them another foothold. They very acquisitive Bank Growing quickly.

Um, maybe this will be you know something that that we remember as helping stabilize uh things I was thinking about something else I was where's Joe's mind his mind says yeah, three hours. we do have three hours. as you mentioned, fresh. Republic shares up right now by about 25.

That's again a better than three bucks to 50. that was the early this morning. First Republic that's crazy. Takes last week on whether or not they would be, whether or not they would be able to take all banks right deposits implicit? Explicit crazy.

Uh. and with all of it, just to kind of put a bow tie on all this for you. and I kind of want to get your thoughts on him. The First Bank crisis of Twitter generation.

The pressure on banks is very different from 2008. this was written up on CNBC feel free to read it if you want, but I wanted to get your thoughts because I don't know I was spending a lot more time uh, on Twitter and reading everyone's thoughts over the weekend just because I had nothing else better to do with my life as I was, uh, on the floor looking for a little bit of a reprieve. Um, but what the article really centers around is how quickly this all happened this time because we're so interconnected. Yeah, I Get it.

In 2008, there was a bunch of social media and you could chat and this. but now all of a sudden it's very easy to log on to something like Twitter and hop onto a Twitter space call and you could have world-renowned economists that day like they're really, really scared or they're very, very comfortable. And now when someone like Peter Thiel is saying nope, you got to get your money out. People know borderline instantaneously and are making decisions.

Basically within that hour of many, many influential people talking, that type of social media Market relationship did not exist 15 years ago. It didn't really even exist. We'll say like five. eight years ago.

Maybe five years ago. but recently within. We could start like right before the pandemic. during the pandemic.

Now the speed of information is not just the highest it's been, but it's been. It's the highest it's been by a lot. Like pretty much something catastrophic happens and everyone's talking about it right away. You could have conversations with people literally all over the world with it and people are making decisions basically within the hour of news breaking that just simply didn't exist in 2008.

So in 2008 when people had these decisions to make, they were waiting on news. They were waiting on reports. They were probably calling their whatever, their lawyers, their financial advisors, their friends. It was just a lot lot slower.

and now people are like, well, okay, I heard this story then I hopped on a Twitter space call and I heard some of the biggest VCS in the world. They're either all happy or they're all upset or like this guy's pointer I like that guy's point and then people are that day deciding. Okay. Am I going to put money in Am I taking my money out Am I going to move my money to a bigger bank? It's all just so much faster.

And I think that part is hard to disagree with. And the thing that I'm really looking forward to to like, maybe have a conversation with all of you about like I mean is that a good thing? Is that a bad thing? Like to me the more accurate information with like a key emphasis on the word accurate we can get out the better that is generically for any Market it makes it a more efficient market. um but sometimes you're re like if you jack up the speed it also means the speed of inaccurate information is also getting out there and sometimes you see kind of what we saw on the banking situation of you almost have a a VC LED Bank Run It's not sort of that, that's really inherently what we actually saw is like there was a little bit of panic and people started talking about it and that caused more panic and then that caused what inherently started as a 1.9 billion dollar issue to become a multi-trillion dollar issue. That's what it was.

Svb Silicon Valley Bank Someone needed money so they had to take a little bit of a hit on a bond position. The hit that they took the hole was 1.9 billion for almost all banks, all major Banks that's a nothing issue. The issue here is now that people started talking about it, it caused more panic and then that caused a bank run which I would argue is far more psychological than it is financial and then obviously that got worse and worse and worse and we're still dealing with it now. So I I suppose and not to get too philosophical on any of you, but that's the yin and yang of it.

It's like sometimes you have this technology that's so fast and so great and it allows you to like in real time, hear conversations of people like Elon Musk and he'll join in Twitter Space call or uh, like just Award winners and so many different sub domains and their thoughts and it's that direct connection to these people. And but the risk of that on the other side is. Well, sometimes when things are this quick and when you have that type of connection, um, it can be very negative. Um, we're in this world of high velocity information.

it's not necessarily High Velocity accurate positive information. It's just High Velocity Information: Sometimes it can go negative and it can go negative very, very quickly. and I think that's almost in a weird sense what we're living through right now in the banking world. I mean I Think a lot of people are overstating how bad this banking issue is.

I Mean they bought Bonds on, they had unrealized losses and they were just waiting to go to maturity and then they'd be made whole. And these the Federal Reserve and the government's going to be backing it up. Um, but a lot when. Especially at first when this was all being reported.

Uh, it just sounded like your money's gonna get taken away from you and I guess there was inherently a chance of that, especially over the FDIC limits. But now knowing what we know, it seems like a lot more human. Panic was involved than anything more on the business side. Of course, there had to be some aspect of Truth in the business side for any of this to happen whatsoever.

But I would say the real driver of this story was just people talking and panicking and then like it very quickly became a self-fulfilling prophecy. Um, wild stuff Someone said facts Sam What did Sam say? Uh, no one on CNBC is ever more drunk than Kramer though that guy is blasted 100 of the time. Some of his videos are uh, eyebrow raising to say the least, to say the least. All right, where are we at thou Futures they were up coming down a little bit now.

Green green green green green green. Green across the board, oil has recaptured 70. Um, if you're not a member of the newsletter, get on it. it is free.

Sign up. Sign up. Sign up. Oh I Wanted to share this with you I Thought this was wild small U.S Banks see record drop in deposits after Svb collapse.

Deposits at Small Banks fell 119 billion with the B to 5.46 trillion in the week that ended on March 15th. That was more than twice the previous record drop and the biggest decline as a percent of overall deposits since the week ended on March 16th in 2007.. borrowings at Small Banks defined as all but the biggest 25 commercial U.S Banks increased by 253 billion to a record 669.6 billion the Fed's weekly data show. As a result, Small Banks had 97 billion more in cash on hand at the end of the week, suggesting that some of the borrowing was to build warchests as the precautionary measure in case depositors asked to redeem their money.

I Just wanted to give you some like actual quantifiable data datum here. uh to show you how big Big what's going on truly is it is huge Money record-breaking Money Record Tying money. We are seeing massive massive flows I think I Actually even read another data point is I believe a hundred billion dollars has actually left the US ever since this all started. Um, even talking about big Banks like people are going to International Banks Most likely these are very, very large players.

It's not like quote unquote your average person who even has access to International Banks a hundred billion dollars. Uh, just in terms of deposits, have left U.S Shores because they're like, you know what? We just don't trust what's going on here. Uh, and we'd rather take our money elsewhere. How crazy is that? That's a shitload of money.

That is a lot. A lot A lot of money. That's just like, yeah, we're kind of done with this. There is also I think I like the profile I Just save everything in my likes.

That's why I Remember to come chat with you guys. this one. Speaking of international, Um, Oh, I Wish The quality was a little bit better, but still. uh I Remember speaking: we kind of did a deep dive video on this back when Russia first invaded Ukraine and then we started to look at Global money supply and particularly how some countries appear to be moving for the dollarization.

as in they're attempting to bring down the US dollar as the king. and some of the signs of this are large countries Russia China selling U.S treasuries. They're dumping all of those. They're converting a lot of their free Capital into gold.

Uh, so certain signs like this and now I don't know. For whatever reason, it's starting to get, um, a second wave of interest from the U.S public. I'm going to put an announce this week that Russia will begin using the Chinese Yuan uh for international payments instead of the dollar. Saudi Arabia is also in talks with Beijing to do the same thing.

Speaking of Saudi Arabia Meanwhile, they are in talks uh with Iran as well to consider an economic alliance with China and Russia and they can even be joining the Bric countries which is an acronym for these countries here: Brazil Russia India China and South Africa These countries all have emerging economies. So what happens if our economy and the U.S dollar are no longer the world's dominant currency? Former Assistant Treasury Secretary and host of the Monica Crowley podcast Monica Crowley is here to weigh in. Monica Great to see you this morning! Uh, let's start right there. What happens if these emerging economies move away from the US dollar towards the Chinese Yuan? Well, good morning, will! It's great to be with you and it's really hard to overstate exactly how catastrophic the abandonment of the U.S dollar would be as the world's uh Global Reserve I Don't see how we look.

Since the end of two, the dollar has been the safe place to go and it's been backed up by a couple of things. It originally it was backed up by gold, but President Nixon took us off the gold standard, so there's no hard asset backing up the dollar anymore for the last 50 years. But also it's been backed up by the strength and economic power of the United States and the fact that oil has always been traded in dollars. and that would mean the end of the U.S dollar.

Look that there's a perfect storm happening right now. will the the world's Reserve currency? Being that, uh, having that status has been a real privilege, but we've abused the privilege by holy Reckless monetary and fiscal policies over many years, certainly over the last couple couple of years, which has really devalued the Dollar. On top of that, now you do have this perfect storm of Biden's weakness, his war on American domestic energy production, the Ukraine war. And as you point out, because of all of these things, we've got America's enemies led by China forming a new economic block and all it would take at this point now, because we're at this pivotal moment, will is for Saudi Arabia Who has indicated that they're open to this? To say you know what we're going to be open to considering other currencies to trade in oil.

If that were to happen, there would be a complete implosion of the global economic system, but certainly the American economic system. And if that were to happen, you'd be looking at Sky High Inflation just raging Weimar Republic Kind of inflation. If you think inflation is bad now, just wait. But more importantly, we would lose our economic dominance and we would lose our superpower status.

Monica The world's Reserve Currency Said it's a privilege for the United States for the dollar to have been the world's currency. What? How does that relate to each individual? American How has that changed or impacted or improved? Our Lives throughout the last several decades? Yeah, I mean it's given the United States incredible dominance. Um, in the world in terms of the economic system and in terms of trade, it's kept prices down. So whether it's Energy prices, whether it's your food prices, the the entire global economic system is reliant on these safe and secure dollar.

But that is no longer true Again, because we've been printing money like crazy and devalued uh, the power of the dollar and the value of the dollar. But on top of it Now again, oil is the critical linchpin of this. If Saudi Arabia decides to join with America's enemies here and start trading oil in different currencies, that is going to undermine the entire global economic system. and here at home, you know what it's going to mean For us, it's going to be enraging inflation so much worse than anything we have ever experienced.

Well, and I'll tell you they're setting it up so that they can then come to the Rescue by introducing Bank digital currencies. If they were to do that, and the United States already has a pilot program, that means the loss of your individual economic freedom because the government will have Total Access and control of everything you buy and sell and the ability to turn it off like that. Ominous warning: I Hear you. Saudi Arabia is the Tipping Point Oil trading in dollars is the Tipping.

So just to kind of circle back to some bigger picture stuff, especially as the market is not really doing too too much. Nvidia's been so incredibly strong. Tesla has actually had a pretty nice recovery. FRC Not doing too too well.

Uh, someone just tagged me on this on BBC What do we have here? I Just got tagged in this on Twitter The web firm that wants to stop you getting canceled looks like they're talking about Good Old Rumble A supporter of Donald Trump made headlines last year when he said we are uncountable by big Tech the Defiant claim came from Devin Nunez Who's now I Believe the CEO Oh whoa, there we are. Hey, there's us. uh and I'm sick AF Who have you did this? Which one of you did that? They're like, oh, we're gonna screenshot that That's the kid that we need up there. Uh, what did they say here? I mean it's pretty easy.

Like if you don't wanna get censored, you put your content on Rumble Yes, they clearly have terms of service and they stick to it. If you break their terms of service, you're going to get in trouble. But what's different compared to Twitch or YouTube or any other platform is they don't play fast and loose with the rules. It's just set rules.

You either follow the rules and you're cool with it or you don't That's how easy it is. And they're not going to put their foot on scales of like oh well, we want this content out there, but not this kind of content. They they're just there as a platform not there as the Arbiter of ideological truth. They don't care about that, they just care of running the best platform that they can.

I Then shout out to everyone watching on Rumble Right now we'll be the first one to admit is Rumble as the platform currently perfect. No. But also remember when any social media starts it doesn't start as perfect. They need to develop, develop, develop, develop, and I would argue.

Actually, over the past eight weeks we've seen a crazy amount of developments going live on. Rumble Uh, I Just think about it of where is it going to be in a year? where is it going to be in two years? All of a sudden, if you have the backbone, the culture of a company that everyone enjoys fixing all the technological issues, that's the easy part. The issue with YouTube is from a technological technological standpoint. Is it awesome? Yes, the issue is we all know that they Shadow ban people.

they de-booze people. They put their own political and moral opinions on the scale of who's going to be big, Who's not going to be big. It's not a quote-unquote free platform where ideas all have the exact same chance if your ideas match. YouTubes Well, yeah, you have a far better chance of taking off like this is proven time and time and time again.

On the flip side, rumble's like we're not going to put our foot on any scale. We're just going to be focused on making a platform and whatever ideas end up taking off. it's a free Marketplace of ideas. and in my opinion, that's how it should be run.

That's clearly how it should be run. and I don't know we could get more into it. I Mean for those of you who don't know, this is Chris Pavlovski right here. This is the CEO of Rumble I'm gonna have the opportunity to interview him later this week on Thursday after market close Rumble ticker symbol Rum will be doing their earnings announcement that's going to be at I believe 5 p.m Eastern uh that'll go to like six or maybe six and some change and then I'm going to be interviewing him at 7 PM Eastern Thursday evening and if you have any questions that you want me to specifically ask him like something on your mind of like what's going on here uh Hey like DM me reach out to me I think it's going to be a blast but I feel very honored to be able to speak with him and talk with him and I think that just kind of shows how content creator Centric they are uh twitch YouTube all these places they put out all the fancy schmancy I guess headlines and whatever they have press conferences about like oh, we're so creator-centric no they aren't they.

They so obviously aren't. They'll talk a good game. uh but when it comes down to it like I mean it's even okay, we're here for finance. If you want to look at any major breaking Finance story and you search it on YouTube Right now all the ones that gets hits are the major media Outlets you're just going to be hearing from CNN CNBC uh MSNBC and Fox individual creators.

You're not good like they purposely don't put you in the search there. Uh, and that's just for my world of Finance I'm sure you're going to find examples of that in so many different things across the entire Board of what is news and content. and it's just weird that they do it that way and it's not weird I suppose it's just for them how they're choosing to play it and I'm of the mindset that in the long run that's a losing business model I Believe my my Hail Mary call out for what's happening in the next like 10, 20, 30 years we'll just put the term 20 on it. Like, don't hold me to that exactly I Think in 20 years, the way we think of mainstream media right now is going to be completely dead I Think people are losing trust in these symbols that are CNBC Fox CNN MSNBC I Think what? it what we're seeing I think we are literally in the Renaissance of people like individual creators.

uh and I think that's for many, many reasons. but it's people trust in individual creators. like uh, we could break down the pillars on so many different levels. but really, the inherent thing is people have trust in that.

That's what it is. And like I mean people don't just watch TV anymore. Look at all the stats of people quote unquote, cutting their cable. they just don't do it.

This concept of the 24-hour media cycle and we're just gonna watch and pump it and pump it and pump it Wheels Some people watch it. Yeah, but those demographics are skewed old and they are not in any way picking up in younger Millennial or gen Z It is simply just not how media is consumed. So from a technology standpoint, this concept of paying for cable and watching it all day, all day, all day that's dying. but also the charge is not there.

Uh, it sounds like one of mine just got out the Spy Just a kid. Remember there is that downside gaffle that just from how strong we opened up this morning, the downside Gap goes to 395.84 Do you think YouTube ever tries to buy Rumble Um I think they missed their opportunity. Uh, so if they were gonna do it and I don't think it would have been like necessarily a quote-unquote Nice thing to be like oh, like we like what you're doing, we're gonna buy you. um It Is By no, it's not a secret at all.

That the way the hyper competitive Cutthroat nature of like Tech and media businesses is if you notice a new kid on the Block that you think you might be a competitor to you, you just buy them. Uh, and if they were gonna do that, they should have done that with Rumble years and years ago before many people even knew who their name was. But now that they're a publicly traded company and they're on the up and up and Rising um I don't think they buy them. If they did, it would have to be like a hostile takeover.

they would have to uh it I think if it happened it would be something that Rumble does not want to happen I mean Rumble they hate YouTube I've been in rooms talking with Rumble employees I've been in rooms talking with like the literal Board of Rumble just to get like their thoughts on it folks I can tell you from these humans. like when it's just like a one-on-one conversation and they could just say like whatever they want and they don't necessarily have to be putting on a front. They do this because they think it's so immorally injust how big tech companies such as Google and like sub arms of that such as YouTube are putting their foot on the scales in many many different ways. For them, this is very much uh like a fight of just what is simply right and wrong.

um if they wanted like a like a money payout play they probably would have gone earlier. uh they just they've really just think what some of these big Tech players are doing are immoral. Uh, that's my read on the situation I I Don't mean to put words in any of their mouth, but I think for them this is uh like a life's passion of fixing what they some aspect of the world that they think is wrong. Um so the buyout thing I think YouTube missed it and I I don't think they'll ever like I I think this is just a like like the fish that escape through the net and like they somehow just missed a massive one that got by.

Uh, Rumble's UI is trash as fuck. It's ugly. Um I Understand that you might not like it, but it it's improving. I mean I would argue that a couple months ago it was even worse.

But you you can't compare something that is now popular within the past couple years to something that's been popular for an entire decade. It takes time, they're improving. and maybe it's not your cup of tea right now. Maybe it's not.

You're going to become your cup of tea. and I'm not here to convince you that like no, you should like the UI I admit it's not perfect. They have kinks to work out, but I also have faith in the team to work out all those Kinks and to make it an even better platform. Laughs, Um, everything and everyone has a price.

Uh yeah. but now I mean it's a multi-billion dollar company. It's not like the the team involved is like looking where they're gonna pay their neck. I mean I believe Rumble somewhere between a two and a three billion dollar company.

Uh, the the OG team that was involved just looking at their value and their Equity They're all wealthy right now. Uh, these are people that are not like hurting for their next paycheck at this point. like they they have money, They're worth serious money and just seeing if we just use my numbers as like generic growth of how rumble's doing. it's getting bigger and bigger and bigger.

So I don't see why anyone, especially of that original team would ever want to get out because they're just seeing their value grow and grow and grow and grow because they're seemingly just from what I'm seeing like I'm getting like every single day it's more and more subscribers. every single day it's more and more views. So I would assume the fact that I'm seeing such growth and I'm not even like the most popular sub-genre on Rumble like we're not even close to it. Rumble right now is still thought to be political and in my opinion that's one thing that they're gonna have to do is work hard to get a lot of people on the platform who are in no way political and they're doing that like you're seeing more and more.

Gamers You're seeing more and more viral content. You're seeing more and more uh, like comedic content, you're seeing more and more Finance content. Um, so as that happens and it gets even outside the world of what is like let's just thought like is thought to be political I Think that's where it starts to get crazy when people start using Rumble for anything and everything like even outside of the world of politics and one of the most interesting signs. so like okay I don't know if you guys saw this, but they made some I believe it was last week you can tell that that's already happening.

um so I know a lot of people, maybe even on YouTube right here you're like I don't really watch it just because it's like political um and I get that and especially if like maybe you think that it's like right leaning and okay, like that's fair, but it might have gone under the radar. Last week they signed Destiny to a deal I believe Destiny has to do is like signed a deal to do eight streams a month from Rumble which to me that's a big big move. Destiny is by no means thought to be a right-leaning person. he is political, but if anything, he's on the left side of the spectrum.

He's been a streamer who's been around for over a decade. massively massively popular. Uh, so just from what we're seeing from like all these public statements and whatnot, um, it seems like they're doing a lot a lot of things just to become as general of a platform as they can opposed to like right-leaning politics which I think i