Welcome back to the Mad Core show I Hope you're having an absolutely fantastic day! We're here to talk about breaking news, what's going on in the world of the markets, and of course, we're going to be giving some world-class relationship advice. We might as well call this episode pump City because everything is ripping to the High Heavens It seems as if the hemorrhaging over the past two days has at least momentarily stop, because boy oh boy are we seeing a lot of green stocks pumped Crypto pumps. Hopefully your own personal account was pumping from the bottom left, to the top right all day. I Want to discuss why everything was so viciously bullish today and what you should be paying attention to in the short term to see if the party will be continuing.

I Also want to talk about how even though you probably made some money and I very much hope you did some of our favorite politicians surprise surprise made even more and then wrap it all up to put a little bow on the top I Want to give you the most recent updates with FRC First Republic Bank and the whole craziness going on there. So I hope you buckle up, smash the like button and let's ride foreign. Obviously I'm not a financial advisor, but I'm more than happy to share some pieces of advice and some wisdom from my financial advisor with all of you. Look at the end of the day, if you really want to be prepared for the next crypto Bull Run You need to first of all, take notes alone.

Write this down. Then you need to go open a zero interest credit card for 24 months Max That out buy as much crypto as you can perfect, put it all into Shiba Inu and wait two years. I'm well aware that many of you are probably typing away right now in the comments saying that this guy sounds exactly like Warren Buffett Maybe he's even stealing advice from the Oracle of Omaha And you're right. You're right.

It does sound very, very similar to a lot of the financial wisdom that goes down from generation to generation to generation. I Personally just like this guy, he seems to have a pretty cool Vibe and I like the way he really spins his message. You know who else could benefit from listening to this financial genius? The U.S Government: An hour before the stock market opened today, we got the first reading of the Q1 GDP and it wasn't so. Bueno GDP Report shows economic growth slowed in first quarter.

growth slowed to 1.1 percent annual rate as resilient consumers face High Inflation in Rising interest rates. Just so you know, the expectations were anywhere from 1.9 to 2 percent, so we definitely came in under where we should be. In all honesty, this puts us in a little bit of a precarious situation. Check out this: Bloomberg Headline: U.S In Worst of: Both Worlds With high inflation and GDP slowdown, the U.S economy is slowing even before the brunt of any credit crime stemming from the recent paying failures Svb Signature, and potentially FRC while inflation accelerated.

Highlighting the enormous challenge faced by the Federal Reserve gross Domestic Product Rose an annualized 1.1 percent in the first quarter notably less than the median forecast of 1.9 The Slowdown was largely driven by an inventory drawdown within acceleration in consumer spending providing the main impetus for growth. Now, this is where things start to get a little bit complicated. The FED, which is the US's Central Bank will they have a preferred core gauge of prices and that preferred gauge in the period from January to March picked up by 4.9 percent, which is actually the quickest Pace in a year. Simultaneously, we were given another report that essentially highlighted how strong the labor market is now before you Rage Quit Because you're thinking to yourself, what in the world does this kid talking about It all basically adds up to this: Wednesday May 3rd next week if you're watching this in time, it is basically forcing the FED led by the chair Jerome Powell to raise the FED fund rate by another 25 basis points, which is a fancy economic way of saying 0.25 This higher rate will put more downward pressure on the economy, which should ideally curb demand and help with our fight against inflation.

Unfortunately, when you consider the entire cluster of the situation, it's suggestive of a higher risk of a stagflationary environment. This basically means that inflation remains High while your economy is trending down and it is not something any of us want. This morning's data was the worst of: Both Worlds with growth down and inflation up at least According to some fancy Chief Investment officer. And to make matters worse, that is not the end of Pal's headaches.

It sounds like he needs a little bit of a better scheduling or vetting process, but this is real and it's kind of sad. Fed's Jerome Powell Tricked by Russian pranksters posing as Zielinski. Now to be fair, I Watched the whole interview and nothing really that exciting or damning was really said. but it still is kind of a public embarrassment if you ask me.

At this point, it's probably fair if you're thinking hey man, you tell us things that sound pretty negative. why is the stock market in the crypto Market rippity, skippity doo dah And honestly, that's a great question I think I can explain why we live in the upside down. What's bad for the economy is good for the stock market, at least based on our current monetary policy. The FED is deathly afraid of overdoing it.

so if they start to get signs of maybe they went a little bit too far, the market could interpret that as maybe they're gonna start taking their foot off the gas pedal in this battle against inflation. and obviously that would be better for the stock market. And that's why we see Rips in the stock market when sometimes there's not so good economic reports. Obviously, that's an extremely high level statement and there's various aspects of this that need to be discussed in more detail.

but I think that's a good basis to think of the current situation. Speaking of which, an hour before the Stock Market opens on Friday April 28th, we will be getting another inflation report The Pce report the personal consumption expenditures, so make sure you're paying attention to it because it's going to prompt a lot of volatility in the market. It'll have quite the influence on what the FED decides to do in the next Fomc meeting, which once again is Wednesday May 3rd. Now let's get into the really fun stuff.

The market was Rip City today. stocks Crypto Futures options. Everything was screaming to the High Heavens I Really hope that you made a killing on the day, but you know who we know made an absurd killing. Our politicians remember this headline from Amir one day ago: Mendish shares popped 12 after company reports first sale sales increase in four quarters Issues optimistic guidance In fact, it was such a seismic beat that it lifted the entire industry NASDAQ jumps more than two percent as Metafuel's big Tech rally I'm sure many of us are applauding as things are rocketing higher and higher, but there are few people specifically within Congress that are clapping a bit harder, such as: Dan Crenshaw Shout out to the Twitter account Nancy Pelosi Stock Tracker Remember when Dan Crenshaw bought Meta on October 25th and shortly after argued for Banning Tick-Tock in the U.S Well, he's now up 75 after reporting strong earnings and he continues to be one of the best political.

Traders Republican Democrat It just keeps happening. It's almost as if they know something. And just for the point of thoroughness, here's a screenshot of Crenshaw's actual trading report in that time frame for October You can see about Alphabet: Amazon Apple and Meta as of now, two of which Beat and it does seem as if the other two are about to be. But don't you worry, the fun doesn't stop there.

Do you remember this headline from two days ago: Microsoft Reports earnings Beat says: AI will drive Revenue growth. While you might be stoked about your gains, Nancy and Paul Pelosi are definitively popping bottles of champagne at the club, the Pelosi portfolio strikes again back on March 19th Nancy Pelosi exercised her Microsoft calls and bought 10 million dollars worth of the stock at 130 a share today Microsoft popped eight percent after strong earnings and is now 300 a share. That equals a 130 gain on those shares or potentially an 8 million dollar profit. And then here's a screenshot of what she did in March Not only did she exercise those puppies, she loaded up even more honestly.

I Think this is a good point in the video to take a quick break and give the Pelosi's both Nancy and Paul a round of applause because as a Duo they are some of the best Traders this world has ever seen. Congress is pressing federal agencies to better police their official stock training while the Energy Secretary became the first cabinet member to to Signal support for Banning such trading. The developments are the latest. Fallout from The Wall Street Journal Investigation revealing that more than 2.6 000 government officials across 50 federal agencies had reported investments in companies that stood to rise or fall with the decisions made by their agencies.

Now that might sound crazy to you, and the simple answer is because it is. It is crazy that our elected Government Federal officials are able to wheel and deal in the things that their own agencies have clear power over. We do live in La La land. You are right to feel that way.

Don't let any of them tell you otherwise. Realistically, will anything happen with this push and I don't know. We've seen this in the past and if anything it seems like it's just a tactic to Pander for votes because these people, why would they not want to keep lining their own? Pockets No one said you had to be moral to be a politician. You might as well get the power and you know, improve your own financial situation while you're there there.

It's obviously absolutely disgusting, but we're banking on them self-policing and it just seems to be a thing that has not yet happened. I Don't want to hold my breath on it, but I will still be optimistic switching things up. Here's the most recent update on the whole: First Republic Bank ticker symbol FRC Debacle. Even though I had a really, really, really good day in the market, the overall situation is still a little.

Sus First Republic faces potential curb on borrowing from the FED which would not be good. FDIC considers lowering Banks rating if deal isn't reached. Doing so would likely limit firm's access to Feds facilities. This would make the bank's operations very difficult to run if they're cut off from the lifeline that is essentially the government.

First Republic Really would find itself in a position where should Regulators make this decision to review its private assessments and to downgrade it? It would b in a position where it couldn't necessarily borrow from the Fed's discount window should it be downgraded, as well as the emergency lending facility. Regulators Launched earlier this year, the bank does find itself uh, needing to make a decision, but its managers are looking at a number of options. The FDIC wants the bank to consider a private buyer, whereas the bank itself is really concerned about its reputation and the current standings for its existing shareholders. Well, would you look at that? The closing bell just went dignity.

ding ding ding and man oh man were the Bulls flexing their muscles today. The S P 500 gained two percent, the cues gained 2.7 percent. Meta: Microsoft Amazon Apple and FRC all notably in the green. and it didn't just stop there.

both Bitcoin and Ethereum did very well. Now, granted, they didn't return to the peak that we saw yesterday, but they definitely had a nice upward movement. Speaking of which, as I'm filming this live, Amazon just dropped their earnings and it looks like it was the top and bottom online beat. Amazon shares jump more than 10 as Cloud advertising units Drive Revenue B On the flip side, Snapchat did not do so.

Hot snap plunges on first quarter Revenue Miss So with all that in mind to close out the week in terms of the overall market, I'll be watching that region between 413 and 414 for an upside break. And if things get rejected or if the overnight session isn't too nice to us, I'll be watching 410 and below that, I'll be watching 408.. with respect to seasonality, which is obviously not a guarantee tomorrow, strongly favors the Bulls. Based on the past 25 years worth of data, the Bulls have won 60 of the time and a very impressive profit factor of 3.27 Like I said, this is not a guarantee, but obviously it does seem as if right now from a quantitative perspective, the Bulls are favored.

I Appreciate you making it to this point in the video. Your support is truly appreciated I Hope you have a Bea beautiful day and I'll catch you in the next video.