Hey everyone welcome back to another market. Open live stream. Well, folks, 2022 might just end up sucking for stocks. Why? Because we've got federal reserve, chairperson, jerome powell, who's getting pressured to vacuum up all the loose cash around and well, that's not so great but uh.

We have some updates coming out today regarding just this later today, the federal reserve, i believe at 11 a.m - california time but uh later today, the federal reserve will be releasing the minutes from their last federal reserve meeting. I expect that a lot of trading is going to be tentative until we get uh these minutes, uh that come out and give us some insight into how aggressively the federal reserve really wants to act. One of the reasons we saw a little bit of the u-turn in the market yesterday is because the wall street journal published an article discussing how the federal reserve is considering unwinding their their larger portfolio as a way to potentially limit the need to raise rates as Much - and this is of course, because the market has been sending clear signals to the federal reserve that hey there's no way you're going to be able to raise rates as much as you think you are you're going to end up causing a recession. So that's why? Okay, we might see a more kind of mixed approach from the fed.

First taper then raise rates modestly wait to see how that inflation data comes in and then, of course, uh offload bonds off their balance sheet, taking market or cash away from the market. It's kind of like that vacuum cleaner now, we'll see what happens? I think inflation dynamics are going to be the most important element, because we might see one rate increase by march might come by may one of those meetings uh well right now the market seems to think it's going to be uh march and uh. If that first rate increase does come in march, uh the the markets well to be waiting to see, what's going to happen next we're going to keep raising rates every single meeting, or will inflation start inflecting down so far? The first sign that we have any kind of hope for inflation, actually going down, was actually that prices paid by manufacturers in december came in sharply lower than expected. This is great, but at the same time we're seeing that a lot more people are quitting their jobs.

They're not entirely leaving the labor force a lot of folks who are quitting their jobs appear to be going to start their own businesses or are going to other businesses. Now, one of the reasons this potentially creates a problem for inflation is when you have people leaving one job and going to another more often than not they're doing so they so that they can get paid more. The more of this kind of rotation, you have the more wage inflation pressure. We could end up getting friday this friday we're expecting the uh jobs report to come in with 420 000 jobs and a wage price growth of 0.4.

Now, what's really interesting is we might end up getting a massive beat if the adp is anything to tell now, the adp is a private payroll survey that gives us an idea of perhaps what the unemployment report might look like. On friday, we actually had a pretty large beat. The adp report came in with 807 000 payrolls in private reporting. This was uh more than double the 375 000 jobs estimated now keep in mind the uh bls bureau of labor statistics, jobs report that comes out 5 30 a.m.

Friday set your calendar for it california, time uh. That jobs report is expecting 420 000 jobs. So slightly more than the adp in terms of expectations, but if we get a massive beat like this as well, markets are probably going to react now. A big concern is that if the economy is moving too quickly that the economy could overheat and that would send more of a message to the federal reserve that we need to raise rates sooner, that will be a bad and negative catalyst for the stock market.

Going forward, especially tech and growth stocks, which we're seeing a rotation out of right now now uh. It is possible, though, that we could end up with a large number, a large number of payrolls as long as and the market could react in a benign way. As long as that, wage price pressure doesn't come in too strong, we're expecting a point: four percent increase in wages uh over the last uh or from uh december in december, we're at point er in november. We were point three percent, we're expecting point four percent for november.

If that number comes in hot and we get a big headline beat in terms of uh new uh jobs, uh new payrolls, then uh, then the stock market's not going to be happy at all, because it's going to send a clear as day signal that the feds Got to start getting their act together, we'll see uh best case scenario would probably be something like a slight miss on wage price growth, something more in tune with a longer term average. Like a point, two percent or a point, three percent uh, probably closer to point two percent for a longer real, realistic, long-term average uh. But that's also not to say that you don't want to see people making more money. It's just that wage uh wages have uh.

Have a big part to say and and how much inflation we see and what the federal reserve ends up doing so uh, it's gon na be interesting. Friday's gon na be interesting, so we've got a few catalysts. We've got the minutes coming out today, uh again federal reserve minutes. That'll give us maybe a little bit of insight into what they're looking for we'll break those down.

We've got the jobs report coming out a friday, that'll be a big tell uh and as far as other catalysts, you know we do have cpi data coming out and the federal reserve meeting. But the meeting isn't really until will the 25th and the 26th, so the jobs and cpi data will be more pressing. Cpi data comes out next wednesday, so uh one week from today we get cpi. Two days from today we get jobs.

Those will be big, big requirements that we have to check off before expecting this market to go higher anytime soon now, in terms of some other updates, uh omicron. Obviously, cases are continuing to rise, hoping to see a peak in some of the northeastern areas soon. Hopefully we start getting that kind of reduction like we saw in south africa. That'd be positive catalysts for markets.

Uh chinese fears, not too uh people don't seem to be too concerned about. This doesn't seem like the market is really pricing in any kind of issues with russia or the ukraine uh. It doesn't seem. The market really seems to care about the the issues that we're having in china beyond, of course, the chinese market uh.

In other news, we've got ces going on and apparently sony is trying to get into the game of making electric vehicles. It seems like at this point anybody who does anything related to electronics wants to get into the ev business uh a lot of competition for tesla. I suppose, or a lot of people trying to compete with tesla and not actually being able to compete with tesla. Remember that volkswagen and toyota, they just made a big bet.

They just spent 150 billion dollars investing in uh in expanding their uh competitiveness. I'm sorry! It's 117 billion, not 150. 117 billion for their uh to increase their competitiveness against uh, tesla and other electric vehicle manufacturers, but uh, remember: volkswagen's. First foray into clean energy was really clean diesel which turned out to be uh.

What turned into the big emissions scandal for volkswagen so that wasn't ideal and toyota's big bet on clean energy has been hybrids so seeing both of these transition to 100 evs is gon na, be something to keep an eye on. Uh nicola just dropped its two billion dollar patent infringement lawsuit for similarities between its semi-truck and tesla semi-truck. So it's nice that that's finally over it does seem like management over at nicola is, is trying to right the ship that the trevor milton madness, ship uh, which which i thought i think is very interesting, uh and, quite frankly, a good thing. So uh, you know, put the past behind, let bygones be bygones and just focus on actually making a quality vehicle.

That appears to be the path that nicola is taking. What i also want to take a peek at here, i'll get this pulled up here, is i want to see kathy wood kathy with sales. It looks like we've had a little bit of selling in both twitter uh and some other companies we'll go ahead and pull it up here in a moment. So we can get a peek at her sales yesterday, all right, let's see here, arc, okay, so arc trading.

Here we go, this was arc trading yesterday, so we've got more sales over at tesla, but also now a sale over at twitter and kathy seems to be doubling down a lot of the therapeutic companies. I noticed this more and more that the therapeutic companies keep getting love and attention from uh from kathy, especially during this. This recent dip here so uh but tesla, getting sold as well as twitter, getting sold uh a little bit of pterodyne being sold as well, but yeah, twitter and tesla kind of the core uh where's. A lot of pharmaceuticals are getting some love the exception of some that are sold being sold here, even paypal and intuit by getting a cell from kathy here, uh interesting, all right, okay, so uh! Then we've got let's see here, other news: we have uh.

Well, we have uh, oh yeah kim. This was another thing i wanted to just touch on kim jong-un uh, apparently uh suggested that uh working on nuclear talks with the united states was a very low priority for him and he's working on instead restarting uh missile tests. It's like, ah, really, okay, probably not the saber rallying, probably not expected to be any kind of real uh issue for markets uh. Another thing that was also interesting is that pepsi is expecting to receive its first tesla semi soon and tesla mega chargers have already been installed, as mega chargers are uh basically superchargers, but for semi trucks, which is kind of cool uh expect them to be larger and Uh capable of charging semis much faster.

Obviously, if you pull one of these up to a supercharger uh, you don't want to you, don't want to sit around uh waiting with a semi truck. You got to keep these vehicles on the road. It's uh! That's a big big, that's going to be a big test for uh for semi, for electric semi trucks, uh, so we'll see if uh tesla can pull it off with batteries and an all the mo all ev model. I have to say i really did.

I really did and still do think that uh hydrogen is uh, with the exception of the depression that we had from nicola uh hydrogen's a really great opportunity for long-range hauling. You know medium to large-sized trucking. I think there are a lot of opportunities there, quick to fill up energy efficient, but uh a lot of folks, not as optimistic for hydrogen and, quite frankly, hydrogen probably won't be a big play until 2020. Well, i should say 2030s until the 2030s, but we'll see.

Okay, so uh, let's go ahead and uh see what we got uh on uh indices and then we'll jump on over and let's see what's going on in individual stock, so dow futures did turn positive. They were negative uh. The s p futures are negative by about .04 nasdaq futures down 0.42, almost a full half percent. Here, if we look at the 10-year treasury, it's pretty much stable oil up tiny little bit.

Let's go to the two year, just to see uh four curve purposes. Yeah, a tiny little increase here, barely a move, though on the 10 and the uh 10 uh, the 10 of the two, maybe a slight little compression there, but but nothing really notable okay uh. Let's also take a peek at we already looked at job numbers. John doe, you know you got it well.

You got ta watch from the beginning of the video all right so uh. Let's take a quick look at uh crypto pricing here, bitcoin sitting at 46.4, ethereum 38 uh, so pretty much uh above above our low of that 45 5 number. Here you can see above this shelf over here and uh, but but unfortunately not able to get back into the original channel where bitcoin was trading a lot, so uh still seeing that nervousness here. Just like you are seeing in the tech sector and the nasdaq uh, which remember, we think, there's a pretty decent link between the nasdaq and uh bitcoin, but not here.

Actually i can i'll pull up the beta. It's gotten more aligned. But let's, let's just look here: let's do let's compare tesla briefly here to just get this up. Let me see here beta all right, historical beta.

Here we go so let's go ahead and compare btc usd to the nasdaq yeah, we'll use the nasdaq. Yes, nas.com. Okay, let's see what we get yeah wow uh, that's interesting, so uh in the the historical beta was about a 0.74 correlation. What that means is if the nasdaq went up a dollar bitcoin would be expected to go up 74 cents and the closer to one.

You are the more of a match you have so, for example, if you had a a beta of two and the nasdaq went up one then then you would expect uh bitcoin to go up two dollars right. Tesla, for example, has a beta of two anyway uh. The the forward projection is taking bitcoin's correlation to the nasdaq from a beta of 0.74 to 0.83 that you're really seeing that alignment uh kind of cool, okay good. So, let's now look at some performers here, at the beginning of the day, so uh we got sends moving, they had uh, they had some approval, some form of approval, update uh about uh.

I don't know exactly what the news update was for sense, but something to the effect of uh briefly saw this some form of approval expected within the next uh a couple weeks hold on a sec. What's their breaking news here, um! Well, let's see here, i will uh estimate it's out there in terms of december, but clearly in the fourth quarter, as they were ramping up production as the chip supply improved, they did pretty well delivering more than a half million vehicles. The estimate was for 507 000 vehicles to to be delivered. The company delivered 500 and 8 000 vehicles for the year in 2021, ford delivered 1.9 million vehicles, strong sales, especially coming towards the end of the year.

For ford and the f series remember there was so much concern. 1.9 million vehicles delivered that's interesting to think uh. Ford uh is delivering 1.9 million vehicles a year. Why does that feel so low uh? I'm gon na take a look here because i think toyota delivers.

I want to say somewhere around 14 million unless that was just uh u.s sales, but then again, that might really be the core market for ford anyway. Uh total deliveries. 20. Let's look at toyota's total deliveries.

2022.. Let's see here: okay, total worldwide vehicle production 2007 to 2021. yeah, so toyota take a look at this. Toyota delivers somewhere in the neighborhood of seven to about nine million vehicles per year.

Uh really interesting. Let's see if we can get the same info, but instead for ford because uh yeah look at that. Okay see! That's that's what i thought so that whatever 1.9 number, maybe i just misheard that a little bit i need to sign in okay. Let's see here, ford ford vehicles produced uh 2020..

Let's just go with 2020. in 2020 ford, restroom yeah, why 1.7 million vehicles for 2020? Why does it seem so much lower i'll have to? I want to look into that a little bit more, i'm kind of confused. Let me look at toyota versus uh gm see how many these are doing. Uh, okay, auto manufacturers sold just under 15 million new vehicles in 2021 uh compared to a usual of about 17 million.

So a little fewer vehicles make sense that we sold less because of the uh chip shortages. Gm said on tuesday that its sales had slumped to 2.2 million trucks and cars all right. Well, i'm gon na i'm gon na make a little note here to i want to compare total production of these companies and so we'll come back to this total vehicle production. It's an interesting comparison because a lot of folks who are looking for the growth rates, uh or or the growth rate expectations for tesla, try to understand how many vehicles are produced not only for the world but by individual top producing manufacturers per year.

Because a lot of folks think that there's a chance somehow tesla could could manufacture over 10 million vehicles a year and it's entirely possible uh. That would uh imply a big big share, though uh worldwide. So it'll be interesting to see, i think, once we get like a 25 000 tesla, maybe uh, maybe numbers like that could be quite reasonable, especially if we had more gigafactories to produce these, but anyway, okay, so uh. What do we have here? We got sends beyond meat and nicola after dropping that lawsuit, actually up 3.2 weber, cinemark cheesecake, these all moving about two to three percent.

Let's see here, okay, let's go then look at the downside here on the downside, wow roku's really slipped again, so roku actually ran up to about 230, but all of a sudden losing about five percent here. So you see, we had a nice little run there for a moment, uh on our recovery, but uh now losing uh value here again, wayfair down at uh 180 dollars. What's crazy about wayfair is for so many times so many times the wayfarer hit 300. and it just has given that up completely and now it's sitting at 178, nearly half of where it had been trading neo right back under 30.

adobe now under 550, that's uh Yeah, that's that's getting almost to uh our floor levels here, uh that we experienced after the last earnings report of about 5 38 sitting at yeah sitting at 5, 37 right now, with the bid ask that means we are probably going to hit a new low today, A new recent low for adobe uh xbang lee auto lucid, affirm these folks all down two to three percent along with matterport embraer amc, origin. Uh lots of these individuals here red, including sofi, almost back to its 1470 support and pinterest, actually rebounding a little bit not as much of a rebound as you might expect, after the amount of selling that we had yesterday. It's again, probably because of what we talked earlier or talked about earlier, the market's going to be pretty tentative for guidance from the federal reserve, specifically the uh minutes meeting minutes we'll get those uh again at 11 today and then expectations for jobs. What will the reality be for jobs? What will the reality be for cpi inflation next week, uh gosh, that you know the best thing the market could ask for right now would be a a collapse in some of these inflationary readings that that would be beautiful, but you can't always get what you want.

So we'll see what happens there, all right uh, let's see here thanks - will let's see neo gon na break floor today yeah, i might roblox down hard. Let's take a look. I'm saving up ten thousand dollars to partner you one day. I don't know what that means to partner me uh.

Would that be a good starter amount? I don't know what you're asking okay, let's go to or yeah, let's take a peek at roblox here and then we'll look at some other headlines see what else is going on: okay, yeah roblox down 1.47. That's not too terrible! Okay, that's reasonable! Well, you know anything. Anything sitting around plus or minus two percent really is just a kind of a day's fluctuation. You know.

Half percent here on tesla tesla just had an interesting move here. You know nice little jump up from about that 1050 region. Didn't quite make it to that 1250. On ta, technically we still have time for that, but uh still sitting about a hundred dollars more than where we were with deliveries, which is great for tesla, but still extending a little bit of pain.

Smaller caps also seem to be doing the same thing shift technologies. Here, getting stuck really getting stuck right under that 3.65 uh. Okay, let's see here, um give me one second here: okay good! So let's see here, let's explore a little bit, what we've got all right, so we talked about the adp data. Already great uh, almost doubling beat of the uh uh adp there.

It's interesting that bloomberg's actually reporting that the adp sends yields higher see. This is this is another thing that we talked about. Is that if you get too high of a report, then potentially it uh? It sends the signal that maybe the markets are overheating, a little bit uh and so that adp report of a of 800 7000 payrolls in the private sector, uh more than doubling estimates was uh was was pretty shocking. It's amazing how bad estimates have been lately and i think it's because we're really in this situation, that's mostly unprecedented.

I mean quite frankly, you know three years ago, four years ago, i don't know that people that we really cared that much about the adp unemployment report and even just unemployment numbers in general were mostly pretty close to estimates uh, and so i, i wonder, uh i'd - Have to do some more research to to actually draw this conclusion, so i can't say that what i'm about to say is a conclusion, but let me visually depict what i'm saying if let's say normal expectations for whether it's inflation or jobs or whatever, let's say normal, Uh expectations are this right here: the expectations go up and down, and then let's say that the actual readings are this blue line right. Something like that. So let's say the blue is actual. Purple is the expectation if we were to draw what actual looks like relative to, or rather what what estimates are relative to normal.

Let's say that the current environment looks a lot more like the estimates are like this really wild and then the actual results are also kind of wild. So so the the volatility is substantially higher and uh that that makes for much bigger, misses, uh and um more wild swings, which uh is one of the reasons the market seems to be so confused in many ways, but it makes sense. You know until we have more clear data that inflation's actually inflecting down kind of makes sense that people like you, know what just get me out of uh get me out of the tech sector. I don't can't blame it all right.

So what else here all right! So yeah i saw this uh. There was a goldman sachs analyst who went on bloomberg tv talking about how bitcoin could pass a hundred thousand. They had an interesting argument. They had this argument that gold, or rather bitcoin right now, only takes about one fifth of the quote: store of value market uh and, and that, if this rises to say 50 or more, that 100 000 would almost be an easy, an an easy achievement for uh.

For bitcoin uh, this also was also coming from an analyst by the way who originally was very anti-bitcoin. Let's see here what else? Okay, not terribly much uh all right. So, let's see here mark zuckerberg sells stock every day as billionaires cash out yeah. We thought this would end at the end of the year that this was more of just a fear that taxes would rise.

So this is interesting. Let's just take a quick exploration here uh. We know this mark zuckerberg sold meta. Almost every weekday of this year this year, so oh that's from december: oh okay, yeah yeah! This! This is a couple weeks old.

All right. I thought that was maybe more update. That's interesting! Okay, let's do take a peek here. Wall street journal we've got about two minutes before the market opens 5g service.

Rollout delayed amid safe flight is safe safety, flight concerns, uh or flight safety concerns. There we go, let's say you're right uh. This is uh. This is something that's been a huge play for.

Uh individuals in the stock market is just investing in 5g style companies, whether that's qualcomm, but then the sell-off after apple said that they were going to make their own uh radio uh antenna chips, 5g, really uh a big thesis for investing. I do want to see how uh t-mobile, or rather att stock is reacting, doesn't really appear to be reacting uh to any sort of delays. On 5g, that's surprising! What about teamus t-mobile yeah, no they're, both green here you get verizon yeah, all of them green! That's interesting, okay, so not that big of a deal all right what else? Let's see yeah sony trying to get into the electric vehicles? It just talked about that a little earlier too, about how they're having a display over at ces. There was also a statistic by the way and the bell's about to occur.

There's also statistic that sixty percent of individuals are unhappy with the state of the economy. The way it is right now, sixty percent more than half who's got that going forward as uh send it back over to you for the opening belt. Let's get the bell and the cbc real-time exchange and the big board spec athena technology acquisition, corp celebrating its recent listing on the nysc at the nasdaq. It is new york-based, non-profit, abc food tours uh david.

We did mention some media names and we've got some uh year-end subs on hbo and hbo max almost 74 million ahead of estimates. So about half half there on the s p heat map, let's go ahead and see how things are moving to start. The day looks like sends is actually selling down a little bit, but beyond meat is bouncing off of off the floor. Uh floor pricing here, or was at least in the pre-market, turning slightly red right at uh, right out of the gate here: cheesecake uh hanging out right now: owlette uh, gosh owlette's at two dollars and sixty cents, unbelievable and walt disney.

Let's take a look at walt disney here, disney moving up slightly to 156. We towards the downside, let's see, downside sort by change here there we go so on the losing side. We have oh wow, that's a big move here for salesforce and adobe and roku again. The software section sectors of the market getting absolutely smashed right now: roku down 5.1 sales force down 5 to 211.

folks, i don't think salesforce has done anything all year. Long now, uh and salesforce is is a phenomenal company. I mean it is a. It is a bigger company, uh or at least in terms of its business, i believe by then oracle and and some of the other uh.

You know uh customer resource management companies uh has yeah. Here we go it's four times bigger than oracle. There we go. I thought i had the statistic here: uh and uh.

Their revenues are absolutely insane but uh to see the uh. The software sector here continue to get smacked upside the head is, is uh painful for a lot of investors in uh, especially these software companies uh adobe. Now, down to uh 526 dollars, take a look at the individual chart here. Yeah, look at that.

We are just selling straight down here on adobe roku, also roku, moving straight down at 208 right now, uh slight uh yeah. That was a quick brief. It was a brief move to the upside over the last couple weeks and unfortunately, it looks like it's now experiencing a quick move to the downside. We have a firm uh down.

Another four percent on the day looks like uh just about three minutes into the opening. Here we started getting a little bit more pain in the market, let's see if the indices are experiencing this as well. Yeah. Look at that look at that! That is a that is a sharp cell down there.

All of a sudden coming through on the s p. 500, the last two minutes here in a row looks like a rotation straight down: uh pulling up tesla here folks, tesla down almost one, a full percent sitting at 0.91, a lot of hesitancy again expected due to the federal reserve in their minutes coming out today, bill.com. Let's see how bill.com has moved since its highs, uh uh, look at that. Bill.Com ran all the way up to 348 dollars right now.

Trading for about 207 shift technologies down four percent and envis uh, just completely evaporating uh. It's it's valuation straight down, probably no different. For robin hood, robin hood - actually it is, i stand corrected. Robin hood is actually up.

Four tenths of one percent see how bitcoin is reacting after we had the opening bell here so bitcoin on the five minute chart not moving much one minute chart relatively stable as well. Ada stuck uh, very similar charts between uh. All of these here matic ada bitcoin. They look very, very similar, carnival cruise lines back over 22..

Okay, so weber is up 1.5 delta airlines, american airlines carnival, despite all these cancellations, these folks still moving decently well and nicola. Now up seven percent after uh dropping that tesla lawsuit. You know one of the things about nicola, though, is it continues to have these false starts? Look at this false start. False start, you know, is now going to just be another false start for this one, even to some degree, these larger moves here, uh false start.

False start, they've just continued to rotate down all right, so yeah, patrick walsh, is asking if you're investing on a minimum wage income. Should i try to diversify small sums, or should i be more risky? Well, i think you could make your life very easy uh by uh picking you know, uh, maybe five to ten of your favorites. If, if you had high conviction in them, uh or you could always throw into something like medkevin.com basket, not financial advice, but i think the most important thing for you to do is uh. Dump that minimum wage job you need to figure out.

What can you do to get your wage up, which is uh really interesting, because i'm dedicating an entire course to just these sorts of scenarios? It's called the uh path to building wealth for sure it's very different from the other courses. It's uh, you can see it linked down below uh. It is brand new course, and it releases at the end of this month by my birthday. It's gon na be going through a lot of different scenarios for trying to uh get to the next level, because, quite frankly, if you're investing a minimum wage, even if you had an account of five thousand dollars and even if you had a twenty percent return uh In a year - and you did a great job - and in 2022 you returned 20 or even 50, okay, 50 return two and a half thousand dollars.

Who cares a better job can help you get that two and a half thousand dollars much faster, and especially if it's something that you can continue to grow at, so that that you got to get out of that for sure all right. So what else? Let's see here how things are continuing to move here, it looks like uh. The paint over at salesforce is continuing. Look at that.

That looks like a cliff folks. Oh yeah yeah. Look at that. Just that's not great adobe uh, salesforce monday.combill.com! These were ones getting hit.

Uh again, small caps continuing to burn end phase at 172.. We're almost going to be going back to some of the may pricing that we saw when we were at about 148. Those were some steals back then, but now it doesn't even look that, like that. Much of a steal anymore just continue to revisit these uh lower prices, pinterest actually up three percent.

Let's take a peek one more time with the spy here and see what else is going on: okay spy rebounding now so just more volatility really tesla up uh rotating back up as well. Take a look at the sofa here yeah. So if i heading back down to that 1471 level and getting uh getting the balance typical, uh front running bounce - okay, let's see here what else is going on? Hmm chicago cancels classes after teachers resist returning to school that doesn't sound good supply chain delays, prompt a new push to revive u.s factories. Companies are testing whether the united states can regain some of the manufacturing clout it's seeded in recent decades to china and others.

Well, this will be interesting, i'll take a peek at this separately, but it makes sense and bring the factories back to america. Uh. Let's take a peek at barons. Oh barons doesn't seem too excited about inflation.

Look at this. Can we whip inflation? Now? Good luck with that it was 1942 battles raged across europe. Everybody was worried about inflation. Everybody's worrying about inflation's barons wrote no way.

That's interesting. That's uh! That is very interesting. Roll back food prices - oh man, uh today the coronavirus pandemic rages across the world and everybody is worrying about inflation. In fact, newspaper headlines and political speeches from the past tell us that inflation worries have always been with us for good reason.

Inflation, the decline of purchasing power makes families worry about how they can stretch paychecks and the burdens uh company and burdens companies with rising wages and supply costs. Inflation has been with us here before nero in the u.s. We've suffered three periods of hyperinflation, one following each world war and the great inflation of the 70s. So what's their conclusion, uh price controls.

Okay, let's take a look here. Uh. This is a nice historical catch up. Okay, not only was the grill okay.

This was the great inflation here from the 70s okay. Here we go. Can we whip inflation? Now? The 1980s episode suggests that the fed has the tools to tame rising prices. Even if recession is the cost, of course, the volcker cure might prove as useless as the next occurrence of inflation, as the phillips curve was against the last one.

Ah, okay, so phillips curve is the relationship between wages going up in inflation, uh and uh. This sort of well well: where do we want to go with this? Well, let's see here, um, hmm, sorry, phillips, curve, unemployment and uh an inflation relationship same thing basically, but what i'm trying to understand if they actually have a conclusion here i mean, i suppose their conclusion here perhaps is it's uh time to start war or worrying? Basically, they're saying the federal reserve could push us into this corner of we have to raise rates to tame inflation, but that could spawn a recession and maybe that'll actually help solve the problem of inflation, or maybe it won't they're kind of taking a very sort of Bearish outlook here and amplifying it suggesting that hey look, we could end up seeing the federal reserve's actions fail against controlling inflation and if the fed fails, then we could be in a recession and be failing on inflation uh, not so good. That's not so good! So uh not very, very optimistic here who wrote this. Let's see here.

This was, i don't know who this is, but i want to see who it is: barons kenneth, pringle, uh. Let's see kenneth pringle financial journalists and heading up baron's centennial project, okay, so so he works at financial journalist and historian. Hmm yeah he's a little bit of a bear there on inflation, all right, interesting, fed minutes. This is what we're going to be paying attention to today: fed minutes uh.

They come out, 11 p.m or 11 a.m. California time so we already mentioned that earlier. But let's take a look at what baron suggests we're going to be looking for the minutes. Economists and investors don't expect the fed to raise rates before the tapering is complete.

That's true, jordan powell even said that as well. So that's pretty obvious, perhaps more important than liftoff timing is the possibility of an earlier or more aggressive reduction in the fed's balance sheet. So that's probably going to be one thing that we look for in the minutes is uh. Could the fed just come out in january january 25th and 6th and say hey uh, just kidding about the whole taper thing we're just going to stop buying bonds entirely possible? They are still stimulating right now.

Okay, i'm gon na check back after 2 p.m. All right! Well, that's not much. Inflation is moderating. Data shows yeah, but again this is.

This is back to pp uh, the pmi read yeah. We already talked about that talked about jobs. Hmm: okay: let's jump on over. Oh there we go okay, so we a little bit of a recovery here in stock prices, looks like the spy is still mixed, so this was actually just so far right here, that's recovering! Let's see if some of the others are recovering as well tesla actually going green today, my goodness oh wow, robin hood, just plummeted just out of nowhere.

Robin hood actually started the day off green and just fell. Three percent salesforce recovering a little bit roku recovering a bit and phase not recovering at all and phase going to the toilet. Lou sit down about three percent shift technology recovering a little bit nicola. Continuing its rally seems like it's any automaker except tesla right now.

Uh last couple days, we saw four doing very well now we're seeing uh uh we're seeing a movement here on uh nicola alibaba up 4.2. Look at that trend line, my goodness! That's a it's! A pretty nice recovery here, uh warren buffett and charlie munger, apparently very bullish on alibaba and a recovery here there have been a lot of false starts. Unfortunately, for alibaba we have uh been declining here since 319 dollars ugh. What was uh? How low did we go during the pandemic? Look at this folks march of 2020.

We went all the way down to almost 168 dollars for baba 169 dollars for baba and we are actually substantially below that right now, trading for 124 dollars, so yeah i'll. Take a quick peek to see if there's any move in the back end here on baba. Let's see here: okay, alibaba, individual news: we have chinese stocks, extend rut in u.s on 10 cent. Sale concerns well that that's bad news, not good news yeah.

It seems like the only news is really the uh charlie munger, doubling uh his stake in alibaba news, but we already knew that yesterday so interesting to see a four percent move on alibaba. Today, though, we do get larger swings on the chinese stocks beyond meat. Four percent upstart coming back 3.6 uber; three lemonade lemonade, actually green today, as it's up about 2.2 percent sitting at just 39 right now. My goodness look.

Look at this chart on lemonade 39 sitting in this channel right now. Oh wow. Look at this channel folks. This channel - i didn't even realize this, so i drew this channel because of price action that we've had here, but look at this, the channel was actually the support after the ipo.

That's incredible. The same levels are at play right now, specifically that uh, that 40 uh 44, is that the 44 line, or where is this hold on this is where'd it go. Oh did i screw it up, uh? Oh, i screwed it up. I think i accidentally moved it anyway uh.

It was right around here dang it i wanted to say it was at about 44, so i'm gon na go ahead and pull it draw it back to 44.. I got ta make sure you know big tip, lock the uh the lines. So that way you don't accidentally move them. Let's say we were roughly 44., i'm going to leave it here, i'll lower its color, just to remind me to double check it later, but i'm going to lock it now.

So i stopped accidentally pulling these things around all right. Uh tesla is up about a quarter of a percent alibaba. Now five percent intel up four pinterest cheesecake three and a quarter still continued paying on software uh software and technologies over here, uh nice buying opportunity for some of these etsy look at this etsy just broke. Oops, let's go ahead and etsy just broke 200 yeah etsy sitting right now at 197.

That is a substantial and recent low here. Let's go and see how the indices are doing and bonds are performing because we've seen a lot of this sort of flight. Oh yeah! Look at that, okay, all of the indices are now red. We were green on the dow, that's gone red.

We were pretty much flat on the s. P. 500. It's now red uh.

The nasdaq was down about a third. It's now down two thirds all right see if bond yields are moving, no, not really oh, really, 10 years sitting at 1.65 uh. This is to me this is yeah and then stable on on the two uh, a lot of nervousness about what what the fed minutes are going to show. I, i honestly i personally don't really love the fed minutes.

The fed minutes are uh really an opportunity for uh reiterating what the federal reserve has already told us. So you know rarely. Does there come a lot of news from a ba read but uh wow, all right, bitcoin sitting at 46.2, slightly rotating down here, looks like uh rotating down with the nasdaq again did calculate that beta is getting substantially close to one between the nasdaq and bitcoin and The sell-off on salesforce continuing now down 6.1 percent roku 4.5 recovering a tiny bit adobe recovering a tiny bit as well lucid down about four and phase getting back to buying opportunity phases; 171 dollars trade desk, another one 83.49 wow wow, getting some sales here, how's the Firm doing a firm down about 1.28 looks like it's got a little bit of green momentum on its back see if that continues. Somebody wants to know what i would prioritize buying if i had a large cash position.

Well, i i buy my favorites, that's what i would do and that's what i've been doing. Uh hey, but i sent some more alerts yesterday tempted to make some moves today, but we'll see it's got to be right. You want to be impatient every time you make a decision to pull the trigger so to speak. Uh, you really want to know what you're getting into so.

That way, you have convinced a conviction when you're in and hard times come up there always can be hard times for stocks. Maybe this is just one of the beginnings of uh of hard times for stocks, we'll see, expi expi is sitting at 3120. This floor is about 20 dollars. Now we go back to some of these floor prices.

Here, we've uh. We we continue to par uh break these. Let me see if lemonade is still under 40. uh, yep, lemonade's green, but still under 40..

So far is over 14.. There we go so far is moving again, not much. I mean it's, it's a 0.93 move on the day. So not much, but let me let's go look in the back and see what's going on with beyond because beyond meets moving.

I want to see here beyond all right. Let's see beyond me, yummy games after kfc confirms plant-based chicken, wow yeah meat soars after deal to lance plant, a large plant-based chicken at ksc nationwide. Wait, that's actually quite interesting. Like can i get plant-based fried chicken then now, and is that ironic like if you're gon na have plant-based food? Is it ironic to fry it? I don't know, i don't think so.

Sounds good uh i'd be down to try that it's very interesting yeah. That's a good point: how well did that work for burger king, though that's very true stocks moving a bit did nancy pelosi get an early look at the fed minutes. Maybe maybe all right so yeah yesterday was was a quite a painful open because things started out. Pretty decently, and then we had this this drawdown right now, it looks like the things that are selling down are leveling out already, so we're seeing some resistance.

Hmm yeah alibaba, hitting a lid about 4.8 percent, no substantial other movement that we can see. Paypal. One point: five: nine yeah: it's got a lot of work to do. Let's go to tesla for a moment: tesla 0.43 huh, just such a uh mixed market, but uh it does look like there's some enthusiasm coming back to the market right now.

The exception of for lucid grab holdings, these guys rotating down end phase, looks like it's just now: finding its bottom adobe's, u turned back, and so is roku both of these now rotating back up marquette is still down all right. Let's see what else we have. Let me look at oh. I didn't even share the screen there for a moment, my bad okay, that's all right, maybe you're just listening.

So, let's see what other headlines we have us tech rut deepens as bond yields remain elevated. What would you think they were just all of a sudden gon na go down morgan stanley and wells fargo say the great stock rotation has legs. This is a rotation away from growth and towards value wall. Street pros are doubling down on a big stock call for 2022..

The leadership of high growth tech, darlings is no more inflation-adjusted. Yields arise on the conviction that the federal reserve will tighten its policy. It's interesting. I've heard a lot about the great rotation today, yeah in in my pre-market research and uh.

A lot of folks think that's true that you know it's time for big tech to take a back seat. Personally, i think that's creating some nice discount opportunities for me. If you're eating fast food, you aren't doing the plan any favor, no kidding. No one cares about plant-based food anymore.

That's interesting, uh, okay! So what other news here? Quan strategy? No, that's not interesting! Zip! Recruiter! 500 million dollar bond sale td bank to sell bonds, okay, um yeah, nothing really particular uh out of out of the ordinary. Here, let's go back to the tickers here. Okay, understand price action: a little bit more spy's almost fully recovered. Now this is good.

Let's go back hold on. I want to look at the indices. Now wait a minute. Are we look at that? What what the heck i mean it is just.

It is so flip floppy, it's like the market's wearing flip-flops. All you hear is flicka flicka, flicka flicka and at the same time it's just like now it's here now, it's there now it's here now! It's there! It's just no consistency at all. I mean don't get me wrong, i'm not unhappy that things are going green again. Uh but colleen make up your mind, uh and i think that's the problem is the market can't make up their mind? I personally think well, i should have shorted lucid again yesterday, but oh well, uh really, when are those delivery numbers coming out by the way that'll be interesting, but uh i keep eyeballing salesforce, i mean some honestly.

Some of these numbers are are starting to get uh very interesting uh. You know, especially i mean if this pain keeps going on salesforce, it's gon na start getting quite juicy uh matterport, look at matterport fall here, uh really really getting paint here. After this whole metaverse hype, i mean this that turned into pure momentum over in this region here, but the fact that now we are falling to uh to these. These new support levels here at about 18 about 1750-ish uh, not so ideal, could end up seeing matterport draw down more.

Unfortunately, i do think i still strongly believe in the company, so nothing's fundamentally changed for me, but uh. It's the kind of volatility you're getting in the market right now, a firm at 83 dollars, just quite frankly, seems like a bargain etsy under 200. Now, finally, within my buy range again, robin hood recovering after some bizarre cliff dive that it it had there in the middle of the day, alibaba not running as much as it was. Nikola is really one of the winners today here on news of that they're.

Finally, dropping their lawsuit and putting on their big boy pants and sucking it up and trying to put in a good, honest day of work, yeah shift technology down 4.2 percent now looks like still got a burning kind of activity here, specifically on lucid now down four And a half percent end phase sitting at 172 having a hard time moving back up, docusign 150, just stuck as well all right. Let's see what other info we got in the back here. Okay, we talked about bonds a lot, especially yesterday, volkswagen and toyota. We've already talked about this tech weighs on equities with chips in focus, interesting and somebody else is saying: btc is moving now, let's quickly, look at that fact check.

Yes, wow! Look at this folks! Look at that uh out of nowhere. We are all of a sudden. Now, heading towards our uh, 46, 800 dollar resistance level, see if we can get a breakout on this, keep an eye on btc there for a moment all right. In the meantime, the biggest tech stocks are slipping in early trading squeezed by the specter of higher rates.

Chip makers are mixed, as the industry faces particular scrutiny. Oh then, of course anything that's ipo'd or spacked recently has uh has definitely been getting hit. Uh. Oh speculation.

Could fade more even in tech space, the sell-off in mega growth stocks looks set to damp investor speculation fervor, even within the tech space. Look at oh, that is interesting. What is the renaissance? I ipo etf, that's interesting, but take a look at i'm going to pull up a chart here. Look at this particular chart.

This chart here shows the s p 500, as the white line, profit, less technology companies, expensive software and ipos folks, all straight down. Look at that profitless technology, ipos and expensive software, and if you're, all three of these together, like lemonade you're, just getting destroyed. So here's your your trilogy of pain, that's what i'm going to call it: the trilogy of pain, no profit, software or recently ipo'd ouch. That's uh.

That's what's happening now. Now this sort of divergence from the s p 500 could could always potentially end up leading to outsized gains in the future. If you did a lot of your buying now so yeah, this is. This is something to keep an eye on that is, oh uh.

You know that pain could substantially continue for the time being. I personally maintain that these are buying opportunities, but they don't have to be uh, especially if you're you are do not maintain conviction in the stocks that you are buying. Tesla uh rallying all of a sudden up about 1.6 airbnb sitting at 173 up 1.6 uh bitcoin. Jumping above that, resistance line, 47 uh or sorry 46 8 see if it can maintain that that'll be a nice little test there.

Some of the pain is subsiding not not a huge subsiding, but some of the pain is going away, not as painful anymore for roku and adobe, for example, but still just as painful for some others. Looking at the upside here again nicola mp material again a move on mp material here now at 52 on mp materials pinterest up to okay, folks, well, uh, very interesting, we'll keep an eye on the market! Thank you. So much for watching check out the programs linked down below on building your wealth, get yourself life insurance within five minutes by going to medkevin.com life, especially if you're stressed out in the market and the fact that you're in a pandemic get yourself some life insurance in. As little as five minutes use that link down below folks, we'll see you next one thanks again,.

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