What's going on moon gang this, is your market wrap up with me, matt and man? Oh man, do we have a lot to talk about because the market, both the equities and the crypto market, was insanely volatile today and not in a good way. We saw quite a bit of red, so i want to get into what's going on there and why you need to pay particular attention to what's going to go down on tuesday, the 12th in terms of monetary policy and the fed and all that stuff. But with that being said, we did see some positive bullish standouts today, i'm talking about amc, gme and lmnop, all of them looking very, very good. So we'll talk about that a little bit.

I want to talk about elon and twitter a little bit about shopify, and i want to give you a nice friendly reminder at the end. So with all that being said, there's a lot we need to get into so let's hop right over so when the market. Finally went ding, ding, ding ding. Today, the s p 500 was down 1.7, the queues were down 2.4 and the small cap sector was down 0.7, so pretty brutal.

A lot of blood in the water. On a positive note, amc was up, 2.6 percent gme was up 0.5 and lmnop the last time i checked it. I think it was up closer to like 420, looking really really good, at least in those three like kind of fun plays that a lot of the apes are paying attention to, but in terms of the overall market, as you can see quite a bit of red Now, in a little bit, we'll talk specifically about shopify and twitter, but first, let's get prepared for the overall market because, as you can see from the daily view, the spy is definitely starting to turn around to the downside, no bueno and it's bringing a lot of Different equities with it so here is the situation. White house says it expects inflation to be extraordinarily elevated in new report.

So the cpi, the consumer price index, is coming out at 8 30 a.m et on tuesday april 12th. So about an hour before the market opens we're going to get the consumer price index which the most recent reading was 7.9 percent, and what this tells us is basically to be a consumer to buy things. It's getting very, very expensive. Basically, it's a four decade high and right now the expectations are we're coming in at 7.9 once again for the newest reading.

But when i see things like this, it's telling me that they're trying to get people - i guess mentally physically, financially prepared for potentially a worse situation. The biden administration is bracing for the labor department's consumer price index report. To show that inflation is extraordinarily elevated. Remember that exact thing that they told us was translatory and not to worry about - let's, not, let's not bring up the past.

Why would we do that? The cpi is one of wall, street's favorite ways to measure inflation. This is very important because the fed the federal reserve, the people who decide if they're going to be hawkish or dovish or monetary policy they're going to use this data point in their upcoming meeting in may to decide the next interest rate hike. We expect march cpi headline inflation to be extraordinarily elevated due to putin's price hike. You know i just read that, but i really feel like it doesn't give enough of the true insanity of that statement.

So i found the clip for you shout out to ram capital so because of the actions we've taken to address uh putin, the putin price hike. We are in a better place than we were last month, but we expect march cpa, cpi headline inflation to be extraordinarily elevated due to putin's price hike, and we expect a large difference between core and headline inflation, reflecting the global disruptions in energy in food markets. So chlorine inflation doesn't include energy and food prices, headline inflation does and, of course we know that core inflation - you know: energy, the impact of energy, of course, on oil prices, gas prices. We expect that to uh continue to reflect what we've seen uh the increases be over the course of this invasion and just as an example since president putin's military buildup accelerated in january average, gas prices are up more than 80 cents.

Most of the increase in occurred in the month of march and at times gas prices were more than a dollar above pre-invasion level, so that roughly 25 percent increase in gas prices will drive tomorrow's inflation reading, and certainly it's not a surprise to us. But we certainly think it will be reflected all right. Well, first of all, that's what you get when someone defined to her. What cpi is like a minute before, like she was literally she's, like i think i was just told this, but second of all, i admit putin's price hike that that has a nice ring to it like i, like the alliteration there at the start, like it's cool, But it's also not accurate, i mean, did he make the situation worse with his invasion and really a supply crunch and messing up with, like various bottleneck issues, yeah 100? But it was there way before.

That's what happens when you add 8.9 trillion dollars to your balance sheet, you're diluting your own dollar you're, prompting inflation, our federal reserve through the process of buying a crazy amount of mortgage-backed securities helping with the repo market and buying every bond that they could get their Hands on that's what caused it and it was made worse by putin, but to call it the putin's price hike. This is the same thing as when the fed told us that, like we didn't know what the definition of transitory was, and they like were almost gaslighting us to think it was crazy that we had an issue with them, saying that this is the same thing. There's just no blame being taken whatsoever like this is a government and a fed policy. This insane policy of unlimiting quantitative easing is what led to the fact that last month, global food on average went up by 13.

This is insane and just be like yeah. It's putin like this is 100 deflecting blame and maybe at a certain point, doesn't matter because, like we are where we are, but to me, i think we have to understand what caused the problem to possibly fix it like it's, not like all of a sudden kicking Putin out of ukraine and then everything's gon na be good. No, it's a problem that has been built up now, clearly a lot. It was really elevated over the past two years.

So regardless i digress, you got ta pay attention because tomorrow, an hour before the market opens, we have the consumer price index report and we're going to get it and we're going to find out how high inflation is and there's a very, very good chance that this Prompts extreme levels of volatility now, like i said before, remember the fed's looking at it most recently, we had our first interest rate hike ever since late 2018.. We just had one of 0.25 percent and people are like. Well, that's a bit of a policy area. We have super high inflation four decade high.

We need to fight it, and now we see more and more fed members. Recently, bullard's always been on this uh brainerd daily and now evans, fez, evans, 50, bips rate hike is worthy of consideration, possibly highly like that. I like that, like talk about being like a middle-of-the-road extreme list, possibly highly likely, i guess like that's right, it's possibly anything, but that's insane, possibly highly likely. It doesn't even make sense, but overall i'm just bringing this up to show that more and more fed members are pointing out the point of hey.

We should probably do half a percent which would bring us to 0.75 in total, so be prepared for crazy volatility. Tuesday april 12th, now before we get into some of these individual stocks that we've got to just talk about, because it's crazy stuff, don't forget, check out publicpublic.com great brokerage. If you're in the us you get up to 70 of freestock for signing up, you could either use the link in the description or you could use the code matt no payment for overflow, no market makers. You got to have a little bit more transparency with their brokerages.

This is why you should not be using something like robinhood, something like weeble, because you are not impacting price discovery. The way you think you are, if you want your trades to be executed on a lit exchange, you're going to have way better luck with public than you would by the likes of robin hood or weibo. Once again, in the description of the video, i love this story. I love elon.

I love everything going on here. So remember, back on april 5th many many moon agon, i'm excited to share that we're pointing elon musk to our board through conversations with elon. In recent weeks it's become clear to us that he would bring great value to the board. You don't say huh well, that's cute, because it didn't take long for that to end, but before we get there, let me take you on a little journey, a little story.

So obviously that was april 5th and he responded like excited to be there blah blah blah. Then on the 7th he started to troll him. Twitter's next board meeting is going to be lit, taking a picture from the joe rogan experience there, and then he started getting into a little bit more interesting stuff over the most recent weekend. Most of these top accounts, tweet rarely and post very little content is twitter dying and then he was even asking.

If people wanted an edit button, then he was saying: maybe we should turn twitter's headquarters into a homeless area just because no one works there. So we might as well help out the homeless. Then he was, he was just really doing what elon does on twitter and it got pretty funny. And then it got to this one which media organizations are trusted more by democrats and republicans, and he was just basically saying this truth is the first casualty and this seems to be his fight with the way, really not only the u.s, but the world consumes media.

There is a lack of trust. Well, i still found this. This has nothing to do with anything, except it blows my mind that barely half the people in the world even trust the weather channel. Only one in two republicans, and only two in three democrats trust the weather channel they're.

Like i don't know, he called for 65 and sunny smells like to me that one blows my mind, the other ones yeah it makes sense. I don't trust them either, but to not trust the weather channel. Just they just don't trust anymore, like they're lying to us, it's gon na rain. I know they're calling for sunny, but man, oh man, i know it's gon na rain.

I can feel it in my bones. Well that all led to today, elon has decided to not join our board. I sent a brief note to the company sharing with you all now, so obviously this took the matter of five days. This is now april 10th that this came out.

I think one of two things is going down. The first one, i think, is the more unlikely scenario. Unlikely scenario is elon he's like hey, i'm done with this troll time to move on to the next thing. I made money because twitter's up a lot, i bought nine percent.

I made myself even more wealthy, that's possible, maybe he's done with the troll. I don't think it's that likely. I think it has to do with this right here, so this is under the sec filing for so long as mr musk is serving on the board and for 90 days thereafter. Mr must will not either alone or, as a member of a group become the beneficial owner of more than 14.9 percent of the company's common sock outstanding at such time.

The tldr version is this: he bought 9.2 if he becomes a board member which he backed out today. He can't get more than 14.9. So if our boy elon is attempting to do a hostile takeover which he could do because, right now, it's about 13 of his net wealth, i'm talking about all of twitter is about 13 of elon's net wealth, which means he could easily buy the entire company. This might be a very interesting play.

He might have realized. Oh man, i'm capped if i become a board member and if i want to take the whole thing over, i can't do that so i'll, just not join it and just continue to buy and buy and buy that's what i think is a more likely scenario. I don't know this just seems to be like a really fun version of the particular simulation we're in and i'm i'm game. I want to see how this plays out.

Speaking of what's going on with some individual companies, some positive news for people who, like shopify shopify, announces a ten for one stock, split, remember that's equivalent to taking a ten dollar bill and putting it into ten one dollar bills. Theoretically, it shouldn't change the fundamental value of the company. It does because of a psychological thing, but basically you now for every stock. You have you're gon na have 10 at a tenth of the value just to clarify there, but you can see on the craziness of the news today, shopify up a nice 2.35 and then twitter up 1.7.

Even though a lot of these individual, i mean indices that represent the overall market in their various sectors, actually had a pretty brutal day. Another quick reminder just because this really does tie with the fed and interest rates. We have quite a few big banks reporting this week, we're about to kick off the next earnings season so on wednesday, we're gon na get jp, morgan and blackrock, and also first republic bank and then on thursday, we're gon na get wells. Fargo goldman sachs city, morgan stanley and then ally pnc.

So my point is a lot a lot of banks and another friendly reminder: everyone listen up because of an observation of easter good friday. The market will be closed. This friday april 15th. So just a quick fyi.

Little town square shout out moment this will impact like options. Expiration dates, it's only a four day trading week once again market, not opening on friday april 15th overall to wrap this up. As you can see like we're, just seeing a lot of red a lot of volatility, crypto's getting absolutely smoked, be careful. Expect volatility pay attention to the cpi report tuesday morning at 8 30 a.m.

I'm fully expecting the remainder of this week to be high high volatility. So, with all that in mind, keep to your trading plan whatever it is. I appreciate your time i hope to catch in the next video shout out to everyone help me out. The algorithm drop a like subscribe.

If you want to join up with the moon gang overall, thank you. Thank you. Thank you. I hope you have a beautiful day, i'll, see you in the next one.

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