Foreign foreign show we are here for Power Hour on today Thursday June 22nd folks I Hope you had an absolutely phenomenal one I Hope you're having a great day I Hope you may get a lot of money I Definitely in my history have had better trading days, but I've also had worse training days so we'll see what it is. Lots of things to talk about today: I Want to talk about what's going on with the Congressional meeting with the Fed and basically what Jerome Powell did say what? he didn't say the tldr on that is basically he repeated what he said yesterday so no new surprises there. The market did some wild things so pretty much bounced all day. so I want to get into that? Then we have some other things that it's kind of actually a little bit of a slow news cycle day.

So because of that I want to get into some of the other bigger things going on right now. One, we have a pretty sad update related to that mini sub the Titan and we also have a wild simulation breaking update related to Zuckerberg and Elon Musk who are now allegedly going to fight each other so that's absolutely wild and absolutely crazy. On that note, I'm trying to place one fucking yellow trade in to close here and we'll see how this goes. Oh geez, is it not going to get filled? Is it not going to get filled? Modify: What are we trading at? Well I got somewhat of the fill I think total filled 97.

Well, I guess that's a partial fill, but we're gonna go for it anyway. Uh, what did I just do? Got him? got him in yoloing some is this position in the clothes just to see just to see what freaking happens. Because why not? All right? So here's what you need to know on the market today. Oops, Wrong one.

Uh, pretty much a solid push all day. Actually a very, very impressive push. Um I'm currently wondering if we're just going to continue to sell a little bit into close this nice push but not holding anyway. currently at 4 35 45 in the Spy which means it's a slight green.

which I mean judging how things were in pre-market and whatnot I would actually chalk that up to a win today. The Q is very much in the green up point eight percent. so a win across the board there. Um, and I mean it's a mixed bag if we were to look at something like the F at S P 500 right here.

Uh, certain sectors such as energy Industrials red. but then some of the tech plays very much in the green. The one that blew my mind away was Tesla Tesla's recovery today. Absurd.

Third, I mean we were opening up at 250 when as low as 248 and now it's trading all the way up at 262. actually green on the day after getting somewhat murked yesterday. So thoroughly thoroughly surprised about all of that. So I want to get into it? Obviously, at the end of this, we could do some of the technical support resistance.

I'm going to give you the seasonality I'm going to call out the major things that I'm watching for tomorrow, but uh, today. I I don't know about you guys I hope you traded it well. but I think it's safe to say that today, like definitely caught me a little bit off guard. So the NASDAQ fights higher after three losing days as investors by tech stocks and that they did.

If you look at the NASDAQ this is the tech sector in the Futures Market strong pop from 9 30 this morning. just rippity skippity doodah if you look at the queues doing the exact same thing. pretty much going back to the opening bar of tomorrow. So the whole sell-off yesterday and the craziness from overnight, uh, easily forgotten.

Apparently, actually very easily forgotten. So, um, strange. but hey, that's why we're in the giant Casino called the market for all this type of fun stuff. Speaking of fun stuff, I Have proof for you that our simulation is officially broken.

There's been many, many times where I've explained all of you that this is my favorite simulation because it's absolutely wild. In fact, I just had an example of that yesterday. Pretty much every day there's wild things going on in humanity, but this one is starting to take the cake because it the story itself is nuts. Meta: CEO Mark Zuckerberg says he is ready to fight Tesla CEO Elon Musk in a cage match per The Verge This is apparently by no means a joke, so this is from Dana White Speaking with TMZ Talked with Mark and Elon last night.

both guys are absolutely dead serious about that. So at first, if you're like me, you might have heard the story of me like whoa. Two of the richest men in the world fighting each other like fist to fist melee combat. No way, it's a joke.

Something's taken out of context. but if anything, all the confirmation we're getting here is that it's exactly that. Yes, that it's I Guess they're just absolutely wild people, so that's insane. Musk picks Vegas for Zuckerberg Cage Match Challenge Twitter Owner Elon Musk Tweeted that he is up for a fight in a cage match with Facebook CEO Mark Zuckerberg Musk suggested the Vegas Octagon as the location of a cage match.

Musk was responding to an Instagram post by Zuckerberg who had shot back with a message of send me location After the Tesla boss confirmed he was up for a cage match, Musk is reportedly working on a standalone text-based social network app that could compete with Twitter. Now beyond the fact that this is clear hilarity and without a doubt, I would watch it. I In fact, don't know if there's a human on this planet who wouldn't watch two of the richest people in the world beat the absolute crap out of each other. But think about what's on the line.

Yes, of course you have ego. you have hubris. You have the emotional aspect of this. but both of these guys are closely associated with publicly traded stocks obviously.

Zuckerberg with Meta and then Elon Musk with Tesla I feel the winner of the stock the winner of the fight. the Stock's gonna go up I feel that the loser of the fight stocks gonna go down I might be right I might be wrong right now Vegas Odds are actually giving Elon Musk A little bit of an advantage I assume because of his size and because of his reach. But don't forget that the recent social updates related to Zuckerberg are more along the lines of he's been training with Brazilian Jiu Jitsu and in fact won a tournament and I believe got a silver medal in another tournament. So I would actually give the odds to him.

but I wanted to get all your thoughts on it I Personally believe that this is much more of just putting your own manhood on the line. I Believe this is actually putting billions of dollars on the line because I think the winner stock is going up and I think the loser stocks going down now. Will that hold forever? Probably not. But I think it will be absolutely wild to watch.

And I wanted to point out this: We've entered the Twilight Zone behind the beef that led to Elon Musk and Mark Zuckerberg's cage match. So apparently these guys just like straight up, don't really like each other. This is real bad blood. This is a beef that has lasted over years.

It's gotten more and more nasty and it looks like the only way it's going to be settled is in the cage. I think we've entered the Twilight Zone It's a new era of settling disputes. Well, I guess technically you could say this is the oldest way of settling the disputes. Not really a new way.

I Feel like we're almost reverting. Musk and Zuckerberg who have a combined net worth of 335 billion dollars, have traded Jabs over the years, each taking turns insulting the other's business. Earlier this year, Musk tweeted that Instagram makes people depressed I don't use Facebook never have must tweeted at the time adding just don't like Facebook gives me the willies sorry the 51 year old Twitter owner also has taken swings at Meta-owned whatsapp tweeting in May that it cannot be trusted Zuckerberg has publicly criticized Musk in the past. Following a failed SpaceX launch of a Facebook satellite in 2016, the 39 year old was quick to label him at Musk's feet.

I'm deeply disappointed to hear that SpaceX launch failure destroyed our satellite that would have provided connectivity to so many entrepreneurs and everyone across across the continent. Zuckerberg has also disagreed with Musk about the potential dangers of artificial intelligence calling musk doomsday scenarios. As he has said, AI can create an immoral dictator from which we can never Escape Really negative and in some ways I think it's pretty irresponsible. The the latest budding of heads came as reports emerged that Zuckerberg's minute is working on building a rival to Twitter And like I said, best way to settle disputes, why not do it in the Octagon Like I said, leave me a comment below.

Who do you think's gonna win this fight? I Don't know if it'll actually come to fruition I Guarantee you there's teams of lawyers on both sides right now just absolutely ripping out your hair saying what in the world did you just promise the world we can't do that. You can't be fighting people. Think of the actual like, not only your own safety, but the billions of dollars that are on the line. um I I Don't know if it's actually going to happen because of that like this is going to be.

If it does happen, it would legitimately, from a financial standpoint, be one of the highest Stakes fights ever known to man. I Truly believe that exclusively because of the association with their own stock. So I think there's going to be a lot of lawyers I think there's going to be a lot of wives and girlfriends involved saying dude, what are you doing but I I Hope it happens because I know I would pay whatever fee to watch it. uh I do want to remind you of this though, tying it back to what I earlier said of how yeah, we obviously know Musk is a big guy.

Uh, he's taller, he has more weight, he has more reach. typically. these are all attributes of the winning fighter. but do not forget that one of the recent updates we got from Zuckerberg was in: May one of the best students I've ever had Coach Marvel's about Mark Zuckerberg winning Brazilian Jiu Jitsu tournament The guy's been training.

This happened in early May not that long ago Zuckerberg has actively been training. He's been posting videos of him doing the Murph which is a CrossFit Memorial Day Challenge He crushed it with a weighted vest. The guy's in shape. He knows how to fight you might be saying, but he's a lizard man.

Okay, it's a lizard man that's in shape and knows how to fight. So I would give him the clear advantage in this particular situation. Those are just my thoughts on it. we'll see obviously how it plays out.

but uh, truly truly. Wild Another wild story, but also a very, very sad one relates to the Titan pilot crew of the Titan submersible believed to be dead Ocean Gate says so. Unfortunately, this story does not have a happy ending. It does not conclude the way pretty much all of us wanted it to conclude.

Here's what the Coast Guard has to say about it this morning: If you're a remote operated vehicle from The Vessel Horizon Arctic discovered the talcone of the Titan submersible approximately 1600 feet from the bow of the Titanic on the sea floor. The ROV subsequently found additional debris in consultation with experts from within the Unified Command. The debris is consistent with the catastrophic loss of the pressure chamber. Upon this determination, we immediately notified the families on behalf of the United States Coast Guard and the entire Unified Command I offer my deepest condolences to the families I Can Only Imagine what this has been like for them and I hope that this discovery provides some soulless during this difficult time.

So very sad way for this to go. Debris found near the Titanic Reich in search for a missing vessel. To my assumption the or to my knowledge the biggest Assumption of what happened was the submersible itself. The mini sub was not of proper robustness and the thought right now is that the pressure was so immense near the wreckage of the Titanic and what was built could not handle the pressure and basically in like a millisecond it just like completely imploded.

That's the leading theory of the situation obviously. I don't know if it's exactly true or not, but a lot of people weighing in on this are saying most likely based on the information we have, the pressure of the area and the undue risk that the CEO of whatever it was Ocean Ocean Gate was willing to take it kind of all adds up in the way that they probably weren't just like stuck there not getting out. it probably just like immediately imploded. which in a weird way.

I Guess that's a if you ask me, that's a better way to go than suffering for over three days of just watching my like clock tick down as I run out of oxygen. but it also does kind of bring up this: I guess the interesting discussion of how we were told that there were sounds of banging? that probably wasn't true at all. Uh, in fact, this was probably like literally a millisecond event of them looking at the Titanic and then boom just like lights go out type of a thing. which like I said I would personally prefer to go out that way rather than just like I guess oxygen running out and then I guess carbon dioxide building up in my lungs.

Just my thoughts. Speaking of carbon dioxide building up in people's lungs. Apparently that's what's happening to the Bears because no matter what happens in this market, it just keeps ripping even when the chair of the Federal Reserve tells the entire world. Hey, things are not the best not looking.

So Bueno we have to raise rates because inflation is super bad and that means we have to lower demand as in we're attempting to jack up unemployment. We're putting downward pressure on the economy. We're putting downward pressure on the stock market. No more quantitative tightening easing.

We're going to quantitative tightening. We're continuing what we've been doing with QT and I I Don't know I Don't know if the Bears have been asleep since October I Don't know if they know that the Market's turning on I Don't know if the Bulls are just on PCP and meth and they've been going to the gym and they've been on the keto diet and they're ripped and shredded I don't know what's going on. all I can tell you is in any medium time frame the Bulls have been kicking ass. No if ands or buts about it.

Will it last? I Have absolutely no clue I Don't think it should because I think this is getting too extreme to One Direction I Think from a clear, fundamental perspective looking at the health of our economy, the market is too overvalued. But remember, there's a important distinction between the economy and the stock market. Yes, they're highly related, but they don't always have to do the same thing. And this is a perfect we're living right now.

This is a living example of how the two can become disjointed from each other. So Market rippity skippity doo da Uh, even single days of red just the next day are absolutely ripped to shreds and then the Bears their faces come off and then up on the floor. Even when Powell says that the US may need one or two more rate hikes in 2023, which, remember, puts all that downward pressure. I Think if you look at the committee's forecasts and mine are very similar, we expect modest growth going forward, growth in the in, the, you know, below, the sort of longer run growth rate of the United States economy, which is around two percent or a little bit less growth lower than that, and we expect the labor market to continue to gradually cool off.

And with that, there's an expectation that inflation will continue to move down later this year, and if if things happen that are sort of broadly in keeping with that, the strong majority of the committee believes that it will be appropriate to raise the Federal funds rate again once or twice by the end of the year. strong majority came down on twice between now and the end of the year. So I think the data will tell us what to do. I Think the point of our meeting the last meeting was really to moderate the pace of our decision making on this, because you know it was very important to move quickly last year.

and we did. It's not so important now because we've come so far and we're relatively close, we think to where we where we need to get but we will I mean people should believe And and broadly speaking, the data show that they do believe that we will do what it takes to get inflation down to two percent over time. There you have it from the horse's mouth. they are trying to bring down inflation and they are not faltering.

But to be fair here, the market is basically saying hey, we don't believe you rate hikes Echo around the world as inflation proves unrelenting. It's not just a U.S problem. We live right now where Europe is jacking up their rays. Look at what Turkey's doing.

they're up 650 bips of the bank of England Recently 50 bips Norway 50 bips Uh, we just keep going up. This is a worldwide phenomena and yet you see the Nike Japan's Market. That's not an all-time high, but it's really making its way. The Dax The German Market recently made an all-time high.

Even the UK Market is still performing better than any of us would have imagined in this environment. So the craziness we're seeing in our like situation right now, our economy, our stock market. I Do want to let you know that it's a phenomenon we are seeing definitely across the board: SEC Finds Jpmorgan's subsidiary for deleting 47 million emails some related to subpoenas. the SEC find the broker dealer subsidiary of JPMorgan Chase 4 million for accidentally deleting about 47 million emails.

Imagine only being fined 4 million for 47 million emails. Uh, that you got away from what? 10 cents a pop? That's That's not a bad deal at all. Basically, 10 cents a pop. A little a little less than 10 cents a pop for emails deleted, some of which related to subpoenas.

Very interesting to see how all these like Wall Street conglomerates are continually doing things that most of us would be like. that's crazy if I did that I'd be in prison. But they do it. and they get a little speeding ticket.

Some of those emails were sought by subpoenas in at least a dozen regulatory investigations. The Furman late 2021 agreed to pay 125 million in penalties for failing to preserve text messages and other electronic communications sent between January 2018 and November 2020. Makes you wonder what in the world they were possibly doing And talking about a little bit of good news. Warren Buffett's charitable givings exceeds 50 Billy more than his entire net worth.

In 2006, Warren Buffett has made another annual donation to Five Foundations, boosting his total charitable givings to more than 50 billion. The 92 year old legendary investor said: Thursday he has converted over 9 000 Berkshire stocks into B shares uh, a shares into B shares and to donate 13.7 million B shares to Five Foundations. A total of 10.5 million shares were delivered to the Bill and Melinda Gates Foundation trust a little so do still associating with them and 1.05 million shares were donated to the Susan Thompson um Buffett Foundation named for his first wife who died in 2004.. another 2.2 million shares were split evenly among three foundations run by his children: the Sherwood Foundation, the Howard G Buffett foundation and the Novo Foundation.

So hey, at least someone within this Wall Street world and especially a legend doing some pretty cool charitable things. so I'll definitely give him some Applause for that. Looking forward to tomorrow I Know it's been a crazy week and even though it's been a shortened week, we were not training on Monday it feels like a long one. so I'm right there with all of you.

but I want you to know we have one more day. So tomorrow crack of Dawn 5 15 A.m and I mean that this time actually the crack of dawn Bullard the St Louis President will be speaking at 5 15 and then at 8 30 we get the PMI report and then Master of the Cleveland fed president will be speaking at 1 40. So tomorrow, two Fed speakers and we also get an economic report an hour before the Market opens. so make sure you're paying attention to that.

Also on that note, I want you to know that in terms of seasonality Tomorrow kind of I would argue favors the Bulls I would, which is kind of crazy because the Market's clearly been favoring the Bulls. But anyway, right here: Friday June 23rd the Bulls have won this day 44 of the time, but the profit factor is 1.15 I said leaning bullish because basically from the past 10 years to now, it's been bullish now. The first 15 years before that, it was bearish, but obviously a decade ago, something change related to this day and it kind of bottomed out and we're now starting to improve, which is why we are seeing the equity curve getting slightly better. So that's why I said in leading Bush I Wouldn't call it evidently bullish, but I also wouldn't call it neutral because the last decade has clearly favored the Bulls Now obviously this is seasonality, so it's not a guarantee, but it's good to know what headwinds we're running into and what Tailwinds were being supported by.

So tomorrow I would slightly give the favor to the Bulls, but it's nothing I'll personally be trading on now. On that note, how much time do we have left I Want to see the markets inclusion today? We have about eight minutes and man oh man have things just looked pretty good. Today's high holding everything kind of constant. We ended up hitting today's low is functionally the same low as Wednesday June 16th, so that's clear.

Support 433.60 I'm going to be very much watching this tomorrow in case things end up being bearish tomorrow. If we get below that I think that's going to open up a sell-off down to 430. But on the flip side, if we get above 436.50 and we'll even kind of look at this level of 437, So above 436.50 above 437. Honestly, there's a good chance that this was just a pullback breather and then we rip a whole nother leg up if we see that happening.

I would then personally be targeting this upside Gap though from Friday June 16th at 4 39. that's my bullish case. That's my bearish case. That's what I will personally be looking for tomorrow.

Another thing of note is Tesla I mean this has just been a runaway. like just mad man of the stock. Well, I went short on Tuesday I bought some puts, then I held them. for whatever reason we gapped up and then I got as lucky as you possibly could.

then I got even more lucky and then I got crazy unlucky with an absolute Ripper of a day. So basically what I'm going to be looking for tomorrow is to see if we get a continuation above 265. And on the flip side, if we end up coming below 258, I will then be ending up like watching for a test of not only today's low which is around 2 48. but I mean that's roughly in line with the low from Thursday June 15th around 2 47 and some change.

So we'll call it 247 and some change the high 247s, the low 248s. That's my downside and I would be targeting that below 258. But if we start to get above 264 or 265, well I think that we're watching 275 again in terms of other ones that have just been ripping. Nvidia Honestly still holding, even though it came down ripped, looked like it was about to turn back over.

didn't it really? You can't really get much from today because today's high and low were within the high and the low of yesterday. So it's an inside day, a non-trend day, so there's not too much you can glean from that. Microsoft Getting back above its trend line putting in another higher low. hey, that's a tradable opportunity I Know it sounds crazy to go long at this elevation, but your risk is close.

The risk reward? it's in your favor. Apple Crazy strong were actually did. We hit an all-time high not technically not technically we were six cents below an all-time high. We still have five minutes to go, but this will definitively be the highest close that Apple has ever seen in the history of its company.

We're now in excess of three trillion dollars. the highest close ever. The most recent High close was on Thursday June 15th. The high water mark was 186.99 and we are like I said, just a couple cents away.

So maybe we watched that in the close just to see if there's going to be a little bit of a punch to the upside. Uh, truly crazy. Truly, truly crazy. Even Tesla's looking good in a closed.

um, looks like the Spy just had a little bit of a double top ran up, but then getting smacked pretty hard. So some oh, the the classic 355 algorithms. If you look at it, this is something that I've noticed a while ago. At 3 55, you typically see quite a bit of volatility.

in. My theory on that is just that there's a lot of algorithms doing their balancing. Uh, whether they're going long or short, it's tough to predict which way they're gonna go, but you do see a spike in volatility and a spike in volume at 355 355 355 right there. Look at that volume rip on this one minute.

Actually, what does the one second look like there? Yeah, even the one second. like you just see a spike in in the average volume. Like all these little Wicks crazy to see. Absolutely crazy to see.

Um, so that's pretty much it for the day. Honestly, a way quieter day in terms of financial news than I expected tomorrow. I Truly believe it can go anyway I'm not feeling bullish I'm not feeling bearish I'll tell you better when I see the overnight session and pay attention to what went on in. London I Want to see where we open up and really how the market performs for the first 15 minutes? Um, I wish I could give you a strong indication.

Overall: I Think we're getting closer to finally falling down, but we're just. it's not showing signs of that. It's not showing any legitimate signs of weakness. Every time there's a little bit of a sell-off, the Bulls Just say hey, we'll buy that.

It's just like there are massive, massive piles of money still flowing into the market, and we're not really seeing too many signs of it abating quite yet. So, uh, patience, patience, patience. If you're waiting for this fall down that my self and many other people are calling for, the key to getting it is patience. I Have to admit yesterday I was feeling pretty good about it I really really was I I truly truly was I was feeling good I was thinking we were coming down and then today just completely erase it.

And it just shows how quickly all this stuff just changes. Like, uh, one single Training Day can either make you a ton of money, it can lose you a ton of money. It all just changes so incredibly quickly and yesterday's massive sell-off followed by today's recovery. So basically the real winners in this scenario are the people who are selling Premium because we've essentially gone nowhere in a high volatility manner.

But also on top of that, even speaking of volatility, we are below what is it? 16, 13. Excuse me, we're below 13, which is like the first time since 2020. So even though we've been seeing kind of crazy swings, the volatility of the S P 500 is just dying. dying dying dying.

Even this. Like when things get crazy Like the sell-off yesterday, all we did was pop up a little bit and it didn't matter. Our volatility is just truly a crazy. Time is Apple about to make a new all-time high.

It was the center way. Do we hear we just tied the all-time high? Are we gonna make a new high note? We tied it. We tied it, We tied it. We tied it.

What is it? What is it? We tied it. We hit 186.99 We tied the high from Thursday the 15th. Are we all we need? How much time do we? we have? 50 seconds, 50 seconds to just go One more Cent One more Cent One more Cent one more Cent one more Cent Can it do it? Nope. We're right there.

Is it gonna do it? 45 seconds. 45 seconds for the Apple Bulls to get their freaking life together. 96 97 98 We're about to see some Apple history I Can feel it in my loins. There we do.

We tagged it. We tagged 187 dingety ding ding ding. A brand new all-time high for any company in the U.S Market right there just happened with Apple New all-time high. How much was it worth at the start of today? 2.9 for 1 trillion.

Now it's over 3 trillion Now that's just absolutely nuts. Well I hope everyone who played did well today I Hope you guys did well I Hope you guys did well because the Bell just went dangly. Ding ding ding Now before I Let you go I Just want to say a special shout out to today's stream sponsor: I'm talking about Shreepy. It's pinned to the top of chat.

it's in the description of the video. If you have not gotten it on your phone yet, whether it's an Apple or an Android, do it. It's free to download on the very first page of the sign up. Use the code Matt M-a-t-t and that's how you unlock a bonus of five to five thousand dollars in your account depending on the size of your initial deposit.

Why should you do it? Why is this better than things such as Robin Hood Weeble Well, first of all, I've met the team many times. They actually care about you unlike Robin, Hood and Weeble and also from there they have the coolest AI tool Suite that any retail brokerage has even though it's a robo advisor. It's not technically a brokerage, but you can use AI to create strategies. Yes, you can buy and sell stock as you choose, but on top of it, you can use your own AI Strategies I Think it's so impressively cool I Highly, highly recommend it Once again, pinned to the top of chat in the description of the video or just download it to your phone.

just search Stripey! But the key thing is on that very first page, when you're filling out your account, use the code mat in the referral. That's how you unlock. The bonus. As always, if you have any questions, reach out to me or you can just reach out to the team.

they are very very responsive. On that note, that's what I have for you today. I Appreciate all the Good Vibes thank you thank you thank you! We will be streaming once again tomorrow morning 9 A.M Bright and Early Be there, be square but just in case you don't want to wait that long, we are posting other content tonight on both Rumble and YouTube so make sure your notifications are on because you're not going to want to miss any of that. So a couple pieces of video coming out, couple pieces of content coming out this evening and then once again tomorrow morning 9 A.M Bright and Early you better be there.

That's what I have for you for right now. I Appreciate all the love I appreciate all the Good Vibes Thank you thank you thank you I'll catch you later Have a great evening Thank you Foreign.