Another market closing live stream. Today, we've got lots to talk about again. Uh we've got a market. That's really really interesting.

This morning was uh kind of unclear. It's like which, which way is this market going to go? Is it going to go up? Is it going to go down like what what the heck is going on right, uh, then, all of a sudden we we get this this sell-off, but then, after the sell-off, we all of a sudden get this uh this. This sort of end of the day, somewhat rally which is kind of interesting, so the market's been kind of wild to try to determine exactly where this market is heading uh. I i've obviously set up a lot of a large cash position and i've built put up a little bit of a hedge well about half my cash position up as a hedge by uh, just throwing a short up on ark, which you could see.

Um the details of that in the last video that i posted a three and a half mil short and uh really watching to see what happens here into the close, because i think the close is going to help us. Hopefully, this morning we didn't get much of a guide but uh. If, if we get a sell-off again into the close like we did yesterday, i wonder if that'll be a little bit of a sign of potentially again some profit taking from uh in this market and some fears about higher yields, we'll see, yields obviously a big thing. Let me close some of these here there we go.

Let's grab, let's see what's going on here, so we have okay, we'll wait for there. We go. Okay, nasdaq falls for second day, so, obviously pressure on tech stocks. We know that it's only down about .73 right now it was down substantially more closer to one and a half percent.

The dow has been green most of the day. Uh s p 500, pretty much sitting flat right now, so can be kind of interesting to see how the market evolves. I'm excited and bullish on this market long term 85 percent long, but i'm definitely throwing some hedges up some guards up because i uh well. If there's a nice juicy dip, i want more money to buy the dip.

If there's not a dip, i guess i'm getting more money. So it's a win-win either way, uh kind of what i'm. What i'm looking at right now volatility up a little bit today, though subsiding somewhat going into the close uh, which not not uncommon, to see that, but the last 30 minutes can sometimes be somewhat interesting in terms of prices potentially selling off. If you get more sell-offs with institutional investors, not necessary that you would maybe we had our institutional sell-off yesterday, never know so, let's see here, okay, all right, so organized retail theft.

You have big problems in san francisco: best buy tumbles, let's see uh. We talked about the bitcoin bond yesterday in my crypto video trying to push for lower gas prices with the release of oil and the strategic oil reserve. We talked about that as well this morning and i thought it was interesting that we really hadn't seen oil sell down yet you've got brent still at 8248, you've got a wti at 78 they're, actually up 2. The market is very bizarre.

Every step of the global supply chain is going all wrong or wrong all at once. That's really interesting, there's actually a um, an alert here that came through on bloomberg and it says record high, wait times, tie up cargo and the los angeles port. So, even though they're operating at at 24 7. you've got you've got really a disaster of pain at uh at these ports.

So we'll see all right. Let's see here, let's go look at some some of the behavior of stocks going into the clothes here, we're about 25 minutes away from the close right now we're relatively stable, which is actually a good thing for the market. If we can end stable, that'd, be good. We're not at all time lows, for example, on tesla the day we went down to 1062.

We are down about five percent, though game stop uh sitting down 13 on gamestop today, ouch 14 on zoom, also another big ouchies geez. You, oh wait a second here. Oh, this guy moved around there. We go all right: uh, venka, vinco ventures, 21, ouch d-wack! Oh those are the warrants d-wax down 9.34.

Let me get rid of the warrants here. There we go camber energy down 9-5 fo. That used to be my area code nicola. Coming down 8.85 arrival coming down eight, oh, we got some evs moving down.

Tesla uh! You got lemonade the insure tech sector getting burned again. I think henry fisker sold some shares. Yesterday i got an sec alert that uh henry fisker. I think he sold through a 10 b51 though, so i don't think it was like intentional, but i did.

I do think he stole some shares yesterday, a very good food company. Oh my gosh, this company's at a dollar 23 right now, huh small small caps are just getting eradicated. Absolutely eradicated, uh, just just nuts lemonade charge. Point five percent.

Are we? Where are we on charge point? Oh, it's still at twenty five dollars, though. That's not bad! So far is another one, i'm really watching so far to see. If i can get more of a dip here now, it's at a pretty solid support line right now, so this is not a horrible dip to buy i'm just being exceptionally patient in this market. I'm waiting for for larger, sell downs, for example, we've got end face coming down four percent today, i'm extremely willing to be patient here, uh in this market.

This is uh, not the kind of market that i i want to go. Uh make two quick a rash decisions on i'm trying to be very rational, built up my cash position, taking profits on on options. Uh i've set up a couple hedges just in case we get a drawdown, but right now we're seeing the market come back, which is good uh. Most of my money.

Obviously, in longs like look at a firm up four percent right now: xpev up six percent where's. Where did xl fleet go because xl fleet was skyrocketing, whoa yeah excel fleet ran 35 this morning and sold off substantially. Look at that. It's only up 7 right now.

Whoa very interesting tesla's, actually recovering a little bit into the close. The next 20 minutes are gon na be fun. Let's see what happens, i want to see if institutions are selling or if they did their selling yesterday, we shall see, but a firm's doing great. Let me zoom out on so far because a lot of people ask me about so far.

We go the hour stick here on sofa, so this is a look at how we we briefly pit stop at that 19 level that softer support line. We went straight to my stronger support line folks, if, if you are doing at least some degree of ta on your investments uh, i think you're you're making a mistake uh. If you want to learn more about just some some. You know simple easy to learn.

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Okay, so bitcoin sitting at 57.4 ethereum had a nice bounce today, sitting at 43, really strongly bounces off that uh that 4000 level frequently cardano down to 177 and where's san, since it's just sandboxed up about 20 today. So it ran a little bit more earlier today, but started selling off. I filmed an entire sand video yesterday and then i'm like. Ah i want to make it a little bit better should have just posted it.

Oh well, uh, let's see here, okay, i want to look into this briefly here, so i want to see what they're saying about ports here. So, let's see here, container ship travel in 2021 compared to 2019 okay. So this the travel time is to what is this to long beach departed, south korea travel time 18 days. Now you depart china.

The travel time is 23 days in 2021. Here, okay - and these are look like a lot more ships hanging out as well. The bottleneck means that companies that hire the shipping lines to move their goods have to place orders several months in advance, pay higher rates and often order in larger quantities than they have in the past. To ensure that enough inventory is on hand the time it takes for goods originating in shanghai to reach their destinations through the san pedro bay, ports has more than doubled to 62 days since jan 2022 or 2020.

Meanwhile, it currently costs 10 to 15 k in the spot market to ship. A 40-foot container from china see look at that. We had a little bit of a reduction here. It was almost like the supply chain.

Issues were alleviating and it popped off again really with delta. It's really been delta. I want to go through this a little bit more in detail, but i might not do that right now. Oh look at this arriving.

Ships join the crew. I got ta go out here with the drone when a ship arrives, cranes remove the containers one by one, setting them on yard trucks, so they can be carted to a staging area where they'll await pick up by trucks or get loaded onto trains. The trailers that the containers sit on are called chassis and they have been in short supply over the past year, because the flood of imports has overwhelmed the capacity of the chassis pool. Containers leave the port on either truck or chassis by rail and los angeles.

Has the advantage of some 116 miles of on dock rail and six wow huge trucks with trailers line up at this gate? To do one of three things drop off an empty container and pick up an imported one? The efficient so-called dual transaction drop off an empty or full container for export and leave with an empty trailer uh or enter towing a chassis to pick up a full container. Okay, log jams, don't end up at the port, don't end the port wow this. This goes on for a while, we'll come back to this, but southern california, some 2 billion square feet of nearly full warehouse space too. Oh and its railroads and highways serve as arteries for imports are reaching as far as the heartland.

So a traffic accident on a foggy morning, the influx of goods is piling up along all routes, so, like a traffic accident wow, what a mess nowhere to unload containers, i want to read all this containers are stuck on the dock. What a cluster literally shortage of chassis means containers can't move ugh. Oh look at the queue, could you imagine being a trucker and just waiting? I hear they're waiting like hours in some cases and if, if you're a 1099 contractor you're getting paid per load, you're getting screwed you're sitting there all day for something that should be quick and efficient disaster. All right, 15 minutes to the close and going into the close affirms holding flat.

It's good uh x, sping rotating up a little bit exhale fleet rotating down a little bit marathon, digital, i'm not seeing any particular. Oh. What was this a little bit of a sell action there on next door, but that's low flow, okay, monday, look at this nice recovery here, but starting to get a little bit of a curve. So we'll see what happens? Software lucid nice recovery into the close jpmorgan? Pretty flat into the close, not seeing a lot of big cell pressure so far, that's good! Let's go apple, apple's, actually moving up into the close, that's good! This is the opposite of.

Yesterday, microsoft also ticking up into the close tesla, also ticking up into the close. So we got some bonafide by the dipping here. That means arc's, probably going up as well. It is very nice move up here on arc good, so broader portfolio is winning short's, losing that's, okay, i'd rather the broader portfolio win.

Honestly, i don't want to be right about uh opening a short, so it means everything else is getting obliterated: uh, okay, so we'll watch how the next 15 minutes of uh move here. Oh yeah s, arc's gon na move down. Let me see here: 3463 slow, move, though kind of the same kind of movement that you're, seeing and r can reverse, which is the point xl fleet's really giving up here into the close, hmm. Okay, let's listen to sarah here for a moment.

What does sarah have to tell us or the other folks listening chief investment officer, steve weiss back as well, welcome steve, we'll kick it off, as always, with the broader market. Major averages diverging again: the nasdaq is thinking for the second day in a row, the underperformer of all the major averages. The dow is up a half a percent mike and now at session session highs. The s p is pulled down by tech.

It is a familiar story: treasury yields are higher their concerns about faster interest rate increases, although the it's not like the economic data is coming in better and there's more concern about cobit lockdowns and what that's going to do to global growth. Sure i mean economic data has been okay. I think, if you look at the general pattern, but it's not been a reaction this week to the data really you're right - it's been about. You know kind of unwinding some bets that perhaps uh a different fed chair would be a little more diverse.

I don't really even see that as the as the chief swing factor in what's going on this week, i think it's more of an exacerbation of this flight away from some of those busted growth stocks that we really uh have been suffering under for a while. So this bifurcation in the market has worked both ways. Last week it was fang type stocks keeping the market afloat. This week you have financials and energy, doing great, it's cyclicals that are performing right.

It's a good with the exception of fintech. A lot of the sort of more long-term growth stories have have busted. Now, if i look at today's intraday action, you see interesting hints that maybe some of that flush has been working its way through small cap index. Russell 2000's up almost one percent off the morning low you're, seeing less pressure on areas like the payment stocks and the cloud stocks relative to this morning.

I'm not saying it's over, but i am saying it was a positioning shock and when it ends it's just going to end it's not going to end all of tech is down. Apple is bucking. The trend you've got you've got some interesting, outperformers scott, it's not just all of tech getting swept up in today's sell-off. That's that's the epitome of the bifurcated market that mike and others have been talking about that those stocks are the ones that have been getting hammered.

Now, for a while, underneath the surface, steve weiss and then it's the apples and the microsoft's that have been holding things together is. Is that the way it's just going to be for a while? Well, it seems like it there's a flight to safety. There's a flight to cash uh, the market is kind of brutal when companies miss we see with zoom we're seeing with best buy, but even when they don't miss. It's also brutal when they're looking for a pop, so scott, i think you, i think, you're absolutely right that there's this bifurcated market people that want to stay invested, but they want to stay invested in safety.

So that's your apple, that's your microsoft and others where they've perhaps done very well they're. Looking for the exit, because they're unsure how the rate cycle is going to play out we're seeing another large move in 10-year yields today, and if we see it tomorrow, then i think you've got to have more. You know more essentially stability in the market. If we're at a rally through the end, but right now looks like 10 year wants to go 175 yield and that can be problematic if it gets there as quickly as we're seeing yeah that's going to do no favor to those high growth high valuation stocks.

Let's talk oil prices they're higher today, despite president biden, announcing the u.s, will release oil from the strategic petroleum reserve, brian sullivan, explaining why, for us, hey brian okay, i'm going to pull off this. Let's uh, let's see how things are moving. We got 11 minutes to go into the close oops there. We go me back there all right.

So let's take a look at some of these here: okay, let's look at sofi how's it performing into the clothes so so far going to the it's pretty stable. This is good. It's sitting right on that support line, sun run, sun runs, stable tesla looks like it's also relatively stable here at about four percent down a little trouble pulling these up fast right now, which is kind of bothering me uh end phase just had a little bit of A pop here good, it was trending down a little bit of a pop-up lemonade, a little bit of a pop-up. Things are actually ending better right now than where we were earlier are pretty flat here towards the end of the day disney not as low as it was 151, though still still obviously relatively low um, let's see trying to find the sofa lockup agreement.

Let me see if there's my news, one sec, because i do i get asked about this and i just want to see if i can get some kind of confirmation on it. There's talk about a potential sofa, lockup expiration. Tomorrow we got the redemption. I don't know if we have a lock up tomorrow.

I'd have to i'd, have to look at that some, so i'll probably have to go into their earnings unless somebody has uh has an idea where i can find some details on that. But i don't see it right now, disney actually moving up here into the clothes. This is good, so we've actually got what looks like a bit of a recovery going into the clothes lucid's recovering going into the clothes pumping up good job. We've got uh.

Let's see here jp morgan a little pump into the close. This is good positive target, a little push into the close visa ticking up a little bit into the clothes neo. Oh nice move there neil what a return like what a response to the madness today wow. This is good at c etsy kind of soft here, rivian kind of coming up a little bit into the clothes amazon a little bit up into the clothes not getting that selling pressure apple rotating up into the clothes spies up into the clothes talent here.

Also, moving up a little bit, things are recovering microsoft, good tattooed, chef rotating down. I mean that's pretty common carnival, ooh carnival's, almost under 20, oh wow. Today it hit 20 and one cent - that's incredible. It's so low paypal sitting at 187 did hit 185 earlier.

So still relatively low, intraday, coarse, hair, 1.88, hippo 198 ebay - let's see ebay here, ebay moving up mostly into the close peloton, was running into the close. The last sort of hour here started rotating down a little bit: ggpi, oh ggpi's kind of rotated back down, huh yo yeah, look at that had a little bit of a momentum explosion here to 1641.. Now it's uh! Now it's rotating back down a bit snowflake lemonade! Still about that three and a half percent down no never did find out why dick's sporting goods was down. That was that was weird.

You know triple beat and then just rotating down open door, even open doors moving, i would say most things are actually moving up into the clothes here. Uh yeah. You can see that at tesla too. This is good good, good, good good, because you had a lot more paint with the exception of roblox.

Roblox is struggling a little bit going into the close tesla uh also, i mean still down 3.7 percent, but recovering. So it's good definitely got a recovery here x, ping moving up a little higher xl yeah. Look at that x ping, almost rallying into the close, very good and ribbing up 1.68. This is good.

I i like what i'm seeing here overall with the market kind of incredible uh, just an evidence of how much money there really is in this market a little bit of a rotation down towards the end of the day. Here on zoom. Let's go see what other headlines and news we might have it's a quick peek at bitcoin as well bitcoin, sitting at 57.6, pretty stable. Let's go to bloom all right: hospitals could overflow in michigan, hospitals could or sorry hospitals, coveted overflow in michigan offers warning for the u.s i'll see.

This is exactly what you need to freak people out again in the market. Oh man, all right, uh henry ford health system has seen coveted cases soar by 50 in three weeks, straining staff in the detroit based hospital network. Hmm, let's see here, oh yeah, you got a little push here on covet cases uh in michigan, yikes, very interesting. Okay.

Somebody here says: bitcoin in 2017, bitcoin dips hard on thanksgiving week and then rallied thereafter uh. Let's see i mean thanksgiving week now we haven't really seen a big dip, but to get to 17 i don't even know. Can we chart practice yeah? We can actually so 2017 would be november. Oh, this is what you're referring to right around here.

Don't actually see much of a dip, although then again i'm on average hold on. Let's go to normals yeah okay, so you had like a oh, a 14 sell down. This week, 23 12. Oh, look at that 24, 34, 31 and then the hype kind of sell off.

Oh my gosh, you think bitcoin's volatile now look at back! Then oh yeah yeah, i whistleblower in the british medical journal. What's that, let's see cesar whistleblower british medical journal? Oh this is this. Is older huh i and i don't know what company this is poor lab management or some some yeah. I don't know i might might look into that separately.

So i'm not seeing you know, here's a cbs fact check. It'd be it'd, be something to look into, but i don't i don't know yeah. One of the story published in the british medical journal lays out issues raised by now. Former employee employee told the publication that some paperwork may have been left out in the open, potentially unblinding some participants.

Oh okay, vaccines might not be missing. Oh okay, so yeah, i i don't know it'd be. It looks like there's a lot more to investigating this, but it's not actually getting a lot of coverage. Okay, so what else? Vinco zoom? Oh gamestop's, not doing great into the clothes here.

Oh game, stop selling off more into the clothes. Let me look at amc. Amc's stable into the close but game stops falling into the close dwax down 12, also somewhat slipping here into the close arrival and open door. These guys, down about eight percent rocket lab, come on click on them.

Camber's trying to come up here rocket lab falling, or this is a survival falling into the close open doors trying to come back up into the clothes nicola also tread coming up. It's toast, oh wow, toast, has really sold down a lot 40 yeah. Look at oh whoa. Look at that! Look at that discount you're getting on toast.

This was something that i always thought was pretty overvalued uh. If i said that, since the day of the ipo now, i feel bad for anybody who's invested in it, but anyway uh. I don't want anybody to lose money, but uh so far, really holding on to that support level really behaving well, no sell-off into the clothes. No sell-off into the clothes on sunrun roblox yeah, it's kind of melting into the clothes tesla stable, stable, going to the close, so is end phase fastly 39 bucks, redfin 41 - oh, my goodness, that'd be so funny.

If kathy would open a position in stark, let's be priceless, kathy makes into investment to firm, shorting her fund using her fund. Just that would be so confusing just be so like inception-esque, okay, i mean i don't see much of a sell-off here into the clothes. That's good! That's a good thing! There's the spy uh! Let's get the bell here: yeah stable into the clothes folks, good job stable, even a little bit better than that. Dao is basically highs of the day, we'll call it 204 204 and a half and that's where we're going to go out so an interesting day.

A little messy, but we've come a long way back: okay, dow dow, i'm sorry dao is up a half percent point. Five. Four percent s: p. 500 up point: one: seven percent, nasdaq down point: five percent russell: two thousand down point: one: five percent: there's sarah eisen talking about the dow closing near session high and uh; that's actually a lot of what we saw in this market.

I don't know that we have who's earning who yeah? No. We should have some earnings today. Uh, the big ones are all over, but we have gap. Oh those are actually good ones.

Gap nordstrom, oh dell. That's actually going to be interesting. Individual news, individual news, dell gap, uh jwn, why is nordstrom called jwn? It's like the dumbest ticker like go, buy a new one hpq. I wonder if hpq is, did you look packard by compact compact computers, compact computers? Ah a subsidiary of hp? Haha? That's crazy! Did not know that all right that explains the cue in hp, right, hp, compact, uh, okay, so waiting for gap dell, nordstrom hp, i'm gon na pull these earnings out uh.

That's probably it john w nordstrom jwn man, that's selfish, uh, all right! So uh after hours will be fun, we'll see what happens here, man. I was a kid when compact was a thing you would look at compact computers in circuit city, while playing on your game boy, your your purple, see-through game boy that was that was color. Maybe a year early, you still had to play a game boy in black and white. Oh man, all right come on.

Let's get some earnings. Let's go, have some fun all right gap when, when do these come out, these usually come out five minutes after oh nordstrom. What dell at 425 - i know, i'm not going to wait for dell. We got nordstrom and hp at 405..

Oh autodesk is today as well. Oh, i want to see theirs. That's going to be good for software uh! Oh software, just reported autodesk just reported. Ernest came in eps was a b 133 versus 126.

net revenue was a b 1.13 versus 1.12. That's a beat on eps, that's a beat on net rev billings uh fiscal year billings. I think fiscal year came in a slight lower yeah. The forecast came in at 4.74 billion versus 4.8, so that's a slight miss on forecast on guidance, huh, okay, how's it doing uh ads k.

Oh it's brutal! Why do i hope that this is an rk? I don't know that it is, but anyway uh down. Eight percent on a uh forecast slip: ouch yeah, the fourth quarter, outlook revenue, uh expected to be 1.19 to 1.2 and the estimate was 1.2, so i mean that's like a tiny teeny, tiny little baby miss and the thing sells off. Eight point: eight percent. Oh my gosh compound computers.

I think you mean compact, but i know what you mean uh, when i think of cow, i think of uh who what's the gateway, gateway computers. They have the cow, who remembers gateway stores. The gateway stores were like the the apple store of like the late 90s and early 2000s um. That's funny all right, nordstrom, coming in at oh eps, miss eps, miss uh, that's 39 cents versus 55 cents expected.

Oh autodesk, now down nine point: five: four percent nordstrom. I can never get this tip ticker right. This is such a dumb ticker uh! Oh 12! Oh, oh, 14! Oh it's a disaster! Oh geez! Oh dear! That's bad hp, not out yet dell's, not out yet gap's, not out yet oh gosh, 12. Now on nordstrom.

I wonder if we're gon na get sympathy selling on like macy's macy's yeah, some sympathy selling on macy's, not a lot, though 0.71 uh beachbody yeah, okay, beachbody's, not reporting in after hours. Yeah, that's uh! Oh that's a big l! Oh my gosh! It looks like tattooed chef is sympathy selling off as well with nordstrom, because well tattoo chef tries to get sympathy from everybody and quantum side. Let's see very good food gopro, these guys, okay, some fluctuations over here but uh - those are those are. We've now got a big miss here on nordstrom and autodesk.

I actually don't have autodesk as a favorite. Let me add that i, like autodesk autodesk by the way, does uh autocad, which is an architect software, very, very good um, also worth noting oh gosh, yeah down full 10, now uh, keep in mind folks, the black friday's around the corner check out the programs. I'm building you're out there. I did announce a new course.

It is uh, it's very different from the other ones. It's a path to wealth and they'll, be somewhere between 30 to 64 different paths based on personality based on your skill set based on your employment. Your credit uh and really trying to go granularly into uh. If, if let's say you know hashtag non-financial advice, if i had your personality and your skill set, what would i do in your situation, knowing what i know with stocks and real estate and markets and investing and so on? So it's gon na be really cool uh.

The right now there's no content in it. Yet so it's just in pre-sale but check it out, link down below you can bundle it up as well with the black friday coupon on some of the other things. So a lot of people are taking advantage of that. Already uh nordstrom q, so net sales came in at 18, so net sales actually came in above x.

Estimates came in at 18 versus 15.2 percent margin, somewhere between ebitda margins, uh ebit margin, three to three and a half percent low margin gateway yeah. Oh, my gosh uh, let's see here, gateway gateway, went bk. Is it still around? Oh, it's sold through acer, oh ah, they must have gotten acquired that i thought they were going bankrupt. Oh, it was circuit city that went bankrupt, that's right, gateway must have been acquired.

Then that's interesting. I don't quite remember. Autodesk also owns maya one of the biggest 3d animation renderers renders. Oh that's interesting.

Okay, tattoo chef sells off on pc news yeah. You know any kind of news ttt set whatever sells off, uh. Okay, so hmm all right. What do we have next? So nordstrom was a disaster.

Oh hewlett, packard's out hewlett-packard's, coming out with an eps of 2.71 uh revenue, 4.88 billion forecast of 92 to 98 cents. I need estimates. Give me the estimates here. I don't know uh.

I got a lot of info, but i got no estimate. So where were your estimates? I do not know if this is a beat or not i'll, find out really quick. It's just gon na take me 30 seconds. It's annoying, uh earnings estimates, let's see here.

So the estimate for this quarter was an eps of 0.88 revenue of 15.4. We came in at 94 cents, so that's a six cent beat on eps. That's really good. Revenue came in at 16.7.

That's a beat. That's a double b yeah! That's almost a billion dollars of more revenue than expected expected. Actually it's a billion point, three more that's a double beat and they repurchase wow. What about net income was? The expectation was, a billion was their net 3.1 billion and the expectation was one i i'm having trouble reading hp because it's so good but watch it's down.

No, it's it's! Not it's! It's up! Uh yeah this! This is a really good earnings call or report. Oh yeah, they fully deserve this. The thing's up, 12 percent forecast up as well 99 cents to a buckle. Five estimate was 95 cents.

This is great forecast, beat net, beat top line, beat uh eps speed. Everything across the board beat revenue a billion point three more than expected. Sixteen point: seven versus what was it uh fifteen point, four, something like that: that's uh, that's, like an eight percent, beat here folks. This is really good by hp.

That's excellent! Great news for tech. Wow, i wonder if we're getting other movers on some of these here, toast is actually moving up three percent for some reason after hours, i don't know if it's just low activity or what, but that's that's good nordstrom down 15 autodesk. So look at that folks. This is interesting.

This is a very, very interesting market. Okay, we wan na. We just watch watch this look at this one hardware via hewlett packard, beating software via autodesk, failing interesting, very, very interesting, very good, beat though on hp autodesk says supply chain disruption is impacting the pace of our recovery. Nordstrom was an oopsy weak nordstrom rack sales lauren.

Just bought something from nordstrom rack, she was showing it to me. I'm like you still go to the mall, so i kevin get it right. Outlet, maul, okay, uh, huh, yeah, hp, just killing it hp sells desktops that people can use for mining bitcoin. When are you going to white knuckle nvidia? Look.

I am in no hurry to to buy the nominal dips that we're seeing right now, i'm still bullish on this market. Overall, i say that over and over again, but i just don't want to see stocks plummet going into the end of the year once we start getting congressional drama. I don't know that they will. I hope they don't.

I really hope they don't. I don't want my shorts to be right, because my shorts are right. My lungs are burning uh but uh, i'm i'm not enthused, because we're still at some high levels. Here i mean like give me, give me sophie at 14 right: uh paypal is getting attractive, robinhood i'll, probably go shopping uh once they have their lock up.

Rivien and lucid are ridiculous. A firm is okay, but like i'm, not gon na get out of bed. For this this price here uh, you know if a firm was like 99 he'd, be like yeah, i'm diving in uh end phase 250 man come on. We just spent a ton of money buying this thing at 145., i'm not jumping up and down uh on this one uh etsy's still super high where's.

That c, let's see here, we go uh etsy back to 283. man, you can't you cannot fight against that's. I also think etsy's gon na do really well going into the end of the year. Don't get me wrong, uh square! You know i sold square at what was it like 2 45 or something like that.

It's 210 now uh, remember anytime. You want to buy, sell alerts, talk some psychology money, it's not for you to copy it's, not financial advice. It's just this is where kevin's head is: okay, kevin's building his cash war chest. This is where he's trimming.

This is what he's up to uh. Okay, who's reporting next, oh gap, gap reports in a minute. Let me go ahead and pre-get the gap earnings just in case they don't give me a summary. I'm not twiddling my thumbs, we're expecting about 50 cents on adjusted and gaap revenue of about four or 420 4 billion 420.

Okay. I can remember that for 420 and 50 cents, that's what we're waiting for. I i just talked about nvidia, and then you paid seven canadian dollars for me to say the same thing just rewind. I love nvidia, do not bet against nvidia uh.

I love it. I i just i need pain. I need pain in the market. The metaverse crap has made everything so expensive and it's going to be a very long time before the metaverse holy smokes.

That's a lot home for gaap. What happened here? Sales came in at 3.4 billion. That's a miss remember. We were expecting 4.

420. That's a miss! Uh, oh old navy comp sales came in at minus 9. The expectation was growth of 8 percent old navy got wrecked banana republic net sales declined 18 versus 2019.. This does not look good supply chain struggles for weaker q3 net sales for were 1.89 in the us.

Uh we have oh gosh, the guidance is horrible. Oh, it's horrible! It's horrible! The guidance for the fiscal year, adjusted eps of 1.25 to 1.4. They were expecting two dollars and 10 cents to dollars and 25 cents. This is terrible.

This is very, very bad. Big l on on uh cap eps came in at 27 cents. We were expecting 50 cents, that's almost half oh. This should be down like 20 at least 10, but this is bad gps.

Uh, 12 yeah. Like that's bad! Oh! Oh, oh geez! Oh man! Yeah! That's! That's not good uh meta equals a bubble, see i believe that ev's a bubble. I kind of believe that too right now, please give me your feedback on sundial sundial is a momentum stock uh cannabis is not in favor of our congress right now. Thoughts of a trade under a dollar they - i don't know what you're saying with under a dollar they get.

I don't know anything about. Oh, you mean maybe getting kicked off the index yeah, who knows maybe if they get if they get de-listed or or like down listed it's it's a horrible disaster for the company. It was a momentum, trade uh. This isn't bagging on the company, i'm sure it's a fine company but uh you.

You just have to play the the trend on that one. Oh gosh nordstrom's down 19. I wonder if it sold off more after the gap. No it just bled just bled.

Oh gosh. Oh, that's so bad, oh, my gosh, software and and consumers just getting worked too bad. These couldn't be an rk because then rk would be. Plummeting right now should have just shorted the retail.

I mean shoulda, coulda woulda right whatever uh. That's not good! That could you could see some of these stocks start dragging the dow down and uh potentially see some uh, some more sell downs in the indices going into futures in a few hours etsy at 0.7 in vitae's up one percent: oh wow, there's a loser. Cloudflare 185! Still still juicy well, not juicy like i want to buy it just like, like there's some some fat on the bone: okay, uh, firm sale due to retail red. Oh that's a good question! You got a lot of online, though right, yeah, a firm's, not really reacting.

This michael say louder and that's why nvidia is great. It isn't just the metaverse they're, oh no. No, i totally agree with you. Nvidia is amazing.

I mean graphic card business alone, amazing, the auto division, uh and self-driving, amazing, the uh, artificial intelligence and neural network software. The omniverse for training, i cannot say anything bad about nvidia. I love the company and i will if, if nvidia is like, if nvidia has a crash, you know 20 25 30, something like that i'll put seven figures plus into nvidia. I'm not gon na.

Do that right now i am too things are too excited too propped up everybody's cheering nvidia. You know, then you buy it while it's going up and people are like well, yes, uh. Thank thank you for suggesting that nvidia's good. I know it's great.

It's been doing so well or like. I want it when people are like. Oh man, crap come on man, my video's in the toilet. Man.

Should i sell it? Should i sell it like that's when i want to buy it? That day will come the day that day always comes for everything. So 100 nvidia will be another trillion dollar company hundreds of data centers yeah. They made a lot of money on that for sure thoughts of portera. I know nothing about proterra, unfortunately uh and intel yeah.

I don't know uh intel has i mean they have been lagging for so long and it just does make you question their ability to remain competitive. So we'll see all right, uh did dell report. Yet i don't think dell reported yet. Oh no dell's dell's gon na be another little bit.

I don't know if i'm gon na stick around for that, but last week in the after hours here again so hp is, you know, had a really good earnings set uh, it's only up about 9.8. Now it was up about 12. I think it ran briefly up to like 14 nordstrom. On the other hand, just eviscerated i mean like cut open and guts taken out.

Palantir is almost under 20 dollars again folks. I did a big options bet on this. When it was 17 dumped it at 19 made big attendees on that short term, capital gains, obviously uh and uh, and then i moved a little bit to shares uh okay gap, 11 percent, autodesk, 11 percent yeah. Those are big sus.

Maybe maybe i will stick around for dell: let's stick around for dale. Ah man, let's see what the dell preview is going to be. Okay, we're expecting adjusted eps of 223.. Oh, these are hard numbers, oops, 26.8 billion in revenue, adjusted at 2.23 and gap at 1..

1.001 and net of one seven, basically, all right dell will be out in about three minutes. Uh paypal does look interesting, adele. Ah dell uh dell stock, which app do you recommend for speedy news earnings, lockups uh, i don't know that's a tough one, like i'm still trying to figure out where this information is about the uh. What's it called like, i usually don't trade off like speed like like super fast news.

What am i trying to do? Oh yeah, so far, lock up so fine. I just don't see anything about a sofa lockup. I don't know a lot of people are saying tomorrow, but i see nothing about it. I mean i could just go in really quick and look i'll do that, while we wait for dell, okay, thanks brent uh and you all well spent five dollars.

Yeah twitter is actually honestly very good for like instant news and i do. I do watch twitter a lot lock lock. I wrote lock fi what an idiot to find out the lock up from so far lock. Fi, oh gosh, all right really two matches ah come on.

Really they don't show it. What jerks i'm making this hard yeah stock twits is good. I agree with that lock up all right one minute for dell. Nothing! No uh! I don't know! Oh here, oh oh there it is.

I found it. Oh my gosh i literally was about to give up. The remaining 16.67 of lockup shares expired november 24th. Boom.

We got it, we got it. Oh my gosh, i was literally about to give up and it was the very last time i hit enter there. It goes boom. Sixteen point: six seven percent lockup agreement tomorrow, uh held by our sponsor and certain sofi stone holders uh on november 24th, boom tomorrow's lock-up day dell's out.

Dell comes in with 2.37, it's a beat 2.37 on eps revenue comes in at uh 28.4. That's a two one and a half billion dollar beat 26.81 billion was the expectation 28.41 was where it came in. This is a beat it's a beat on the bottom line. It's a beat on the top line.

Don't have forecasts yet, though hardware again doing well. Dell see here hardware like dell doing well, okay, that sounds really cheesy uh, it's up about four percent, not doing a run kind of like hp, where's guidance. I want to see q4 good, not out yet whatever it'll come through. So that's good again with the hardware, though oh my gosh.

This is not a good sign. Look at hp hp just gave up it's only up five percent right now they went from twelve percent up to five percent up no bueno, some profit taken already there wow any other big movers here, no guide yet 24. Oh, oh my gosh! I mean we saw it do 14, then 20, another another one wow. Somebody here says they use a dell for work.

What do you work at like the city, building and safety department? Sorry, that's mean i'm sorry, um. It's got to be the government anyway. It's also mean i'm sorry. I just kevin stopped talking macy's down 1.58 autodesk down 13 gaps down about 15 23.8 on nordstrom.

So let's see here all right. Quantum scape up four percent tmc, all right. How are yields yields it's still up? 1.67 ticked up again a little bit we'll see what happens. We shall see it's gon na be really interesting.

Okay! Well, so hardware did well. Dell hp did great nordstrom gap autodesk, so software and consumers absolutely obliterated and uh there. We have it folks. Thank you.

So much for being here check out those programs check out that new course as well. That's in pre-sale! Let me know what you think hit the comment:.