Welcome back everyone to another market, open, live stream. Today we have another kind of mix day where well, there's no real santa claus rally left anymore after we hit all-time highs on that s p yesterday and then promptly, slipped down and uh crypto got rejected off. 52, 000 all pretty much around the same time, and now people are continuing their fear. Uh we're seeing that same sort of risk sell-off over and over again here with convictionless rallies and the dow, basically flat uh s p flat nasdaq pretty much flat as well, but they look red and we have bond deals actually up a little bit.

Uh 0.03. Almost 0.04 today on the 10 year, so a little bit more fierce here. Part of that could be because bloomberg ran a story about how inflation fears are basically eating away at everything. Let me see if i can pull up that story uh, but they had a good story this morning, reactivating those fears it was similar to what they had yesterday.

Oh yeah, there it is it's actually one of their top stories uh. Yesterday they had a similar uh revision to inflation forecasts and it seemed like that was one of the things that helped uh bitcoin reject off 52, leading the alts to sell down, leading the s p, to drop off all-time high and uh. What you got over here is uh. Look at this big s.

P 500 bear market case. So this is, you know. An option for 2022 basically sees inflation. Finally, eating everything, corporate america's well-oiled earnings machine that may have been the backbone of virtually every bullish equity argument.

This year it's helped stocks power, pass the fed's madness, but stubbornly high price pressures may end up forcing a rethink of those ever increasing profitability. Protections so goes the main bear case on u.s stocks, which notes that after a city climb since last year, the 12-month estimates for the s p are operating and oh 12-month estimates for operating margins have stalled out since mid-october and so anyway, they're talking about. Basically, this big plateau is what they were talking about in the article and they're, basically saying how we might be going into 2022, with with this flat sideways trading quietness until we actually and finally see a real shift in inflation. It also doesn't help that their suggestion.

Yesterday was that inflation in december to january tends to do this weird little drop, and then you kind of keep rotating that this is sort of like an annual pattern. That happens that you get this drop of inflation somewhere around december and january, which isn't great because it kind of sends the signal to folks that, like oh yeah, if you see any reduction inflation, don't worry! That's just temporary! It's going right back up! Uh yeah kind of crazy, so uh we'll we'll see uh how this evaluates, but anyway uh the big fight is our company's going to be able to continue to push along price increases uh, and will consumers keep paying that uh right now? You know the last year consumers have sort of been emboldened to continue paying these higher prices, but expectations are that once their sort of income goes down in 2022, less of a child tax credit uh less, you know after after maybe the boost will get between february And april, with that one federal uh remaining tax credit for uh, remaining child tax credit payment, uh, then uh, then that might be it to the point where people are like. That's it, i'm i'm out of money. Now i got ta go back to the the frugal decade.

We talked about uh way back in 2020., we'll see but uh. Let's take a look at some individual stocks and see how uh see what's what's moving today, so uh, let's start with losers here. Take a look at this, so we got losers here. Okay, so uh losers.

We've got fuel cell 12.1 percent uh wow 12.1. This there's probably got to be a news item on that one uh. Somebody here says: if you talk about your buys in public, why can't you tell us about yourself? Well i mean sometimes they do. In fact, if you, if you go back to november, i posted a bunch of videos about stuff, i was selling and stuff.

I was even shorting uh yeah yeah, so so i'm confused by that. But if you want every single notification you should know by now they got a course linked down below uh. Actually, i don't even know if it's linked down below actually i'll add it to the links down below. But anyway, you just go to medkevin.com, join and look at my programs on building your wealth and then there you go, but anyway uh the stocks.

Psychology money gives you all the alerts, but i don't know why why you get that complaint? It's like yeah. I don't post every fart online, with the exception of in the course, because that's what i promised to do, but anyway uh, let's see, i want to figure out. What's going on with f cell. That's that's.

Uh 12 is a big decline, especially for one. This had quite a bit of momentum for a while as well uh. You know, look at the momentum just just for comparison here. What we had coming out of the end of last year.

This went from a two dollar stock to 29 and now it's sitting at six dollars and two cents. That's interesting, uh, mostly from a momentum perspective, but why would be down 12 today? That kind of implies that there was some kind of downgrade or some additional pain. Let's see here, i will find out okay, so f cell. Oh, it looks like they may have had earnings, oh yeah.

This is i i'm not invested in this one and i've never been. I don't know. I couldn't bring myself to make a buy in this one, but it says here: fuel cell sees uh fiscal year: 2022 company funded research of 45 to 55 million capital spending 40 to 50 mil we've got uh a a loss of 7 cents. The estimate was for a loss of 4 cents.

Sales of 13.9 was a massive miss from the uh. Almost 22 million dollar sales estimate wow. Well that'll. Do it big old, miss miss all right.

So, let's see here all right uh what i one of the things that i'm gon na look for by the way is i'm going to start looking for lots of options to potentially sell and uh the reason i'm going to do that and i'm not going to I'm going to probably taper or taper's a weird way to phrase it spread out what what kind of options i uh make moves on. The first thing i'm going to do is i'm going to wait to see how the market behaves the first hour of this day. Here and if it's kind of the way we expect where we get some large red candlesticks, and then we see some green and then we see some red again, in other words like big sideways trading, i i i think there are going to be some nice opportunities To look at individual stocks, one certain ones that are a little bit on the higher side and sell some calls and those that are closer to our floor prices and sell some puts, but only in those that have higher volatility. So uh we can uh.

Take a look at some of those and kind of write them down, so i'm going to make like a little t chart i'll make a little list and uh we're gon na make it kind of like the naughty and nice list. The cell put will be the nice one because they're at the floor and then we'll um do a sell call list, but then we'll only do that on those with high volatility relatively high. Okay, so f cell keeps plunging anyway. Okay, so backed nine bucks.

Rivien 101. I also wouldn't sell calls on something i didn't own. That would be a little scary, especially if there does end up coming some insane maddening rally, which is entirely possible, but anyway uh a lot of negativity today by the way on on covid. It's worth mentioning this.

Take a look at this. If you go to nyt.com, which i i know that probably like 40 of people grown over the new york times, i i get it they're, not that bad, like the l.a times, is horrible uh and, like so one-sided. The l.a tire new york times is a wee bit better. Okay, a wee bit better from horrible uh.

I actually enjoy them yeah, some of their stuff. You just have to know like okay. This is gon na be somewhat of a left tilt here, but but look at this folks look at all of this omicron news. I mean without even just clicking on it everything on me all my army army uh, at least on the front over here.

It's just like saturating uh, so the the scariest thing that we're seeing is a rise in child cases, uh of hospitalizations little children needing fluids and and uh and oxygen uh. You know, let's take a look at it, but uh cases in new york of uh child hospitalizations rose from like 20 to over 107. I think it was as of two days ago, when i last did an omicron video, which i'll probably do one later today, but anyway, several states have reported increases of about 50 percent of pediatric admissions for covid. In december, new york experienced the most dramatic rise, a four-fold jump in two weeks, but experts expressed concern about a marked jump in hospitalizations, an increase in more than double that among adults.

Preliminary data suggests that compared with delta, omicron appears to be causing mild illness in children similar to the fighting in adults. But the pediatric emissions results from the sheer number of children who are being affected with with both delta and ami uh, as well as low vaccination rates among children over five yeah. But it's not just children. Over five, i mean the thing.

The other thing, too, is um. The children under five can't get vaccinated yet, and one of the things about children not being able to get vaccinated under five is uh. The trials show that the two-shot vaccine is not effective. They're now doing three shot doses.

You know out of the gate, for for children under five, just not getting an immune reaction, which is wild anyway. We're seeing what we're seeing in our icu makes it crystal clear that vaccination is the single most important thing you could do to protect your child. Uh from this virus says uh a particular doctor chief of pediatric critical care in new york. That's just devastating uh, but anyway uh it just i, it breaks my heart to think about children in in the icu really does anyway, um yeah! Well, okay.

So this is interesting, the rate of pediat. This is actually very interesting. The rate of pediatric covet admissions in much of the country was still below the peak of what was typically seen in uh with the seasonal flu added, which that's good, uh why'd, they say was, which is not good. Some of the recent increase he said was most likely tied to delays in seeking medical attention for children, as infections soared again i see so it's interesting we'll keep an eye on this, but that's a that's actually a positive line that you're seeing that you're seeing less Than what you have with the flu? That's good uh.

He said awaiting more telling data about the length of hospitalizations on and then information on whether or not you need oxygen or intubation. Okay got it: that's ventilation, obviously, okay! So anyway, i wanted to point that out because i know that was something that was asked okay, so let's go back over here. Let's see what we got: okay, so coin base 258. Lucid 36.

You know it's gon na be very interesting to see how lucid and uh uh and rivian before uh perform when we get delivery numbers in like the next week or two. Oh, let me take a peek here. Let me see here you go for it's almost tempting. I don't even know why it's not fully loaded, but anyway, it's almost tempting to look at put options for look at that.

Let's see, if you can, you buy a put for 35 for jan 7, be interesting. That would cost you about 1.23 divided by 35. uh, but we're not even at 35 right now. So that's not his idea.

Let's go to 37 and now the pricing is not updating come on weeble. What is this crap? Give me yesterday's options: pricing all right, whatever it's two dollars and eighteen cents and 18 cents, uh kind of pricey, two dollars and eighteen cents, it would cost you six point, two two percent to buy that and then theta decay is gon na, be nasty, uh, you're, Gon na lose about 11 cents a day and that's going to accelerate so 0.11 divided by 2.18 uh you're gon na lose five percent a day. Oh man uh, it's just you got ta you're, always gon na have you're gon na have some pain, buying options. I think, especially if the market's sideways, you know, i know we're optimistic for a rally but uh.

You know this. This is certainly certainly feels like kind of market where you want to be like well i'll, sell some options and pick up some premiums because i'll tell you last month it's been sideways, sideways, sideways uh. So i i don't know the hex interview left: oh gosh, uh. All right, so, let's keep going with my list here: okay, so a firm 100 bucks.

What what do i get if i sell some calls on a phone - let's see here just for gigs. If i go, sell, uh calls for the first week of january on a firm for 110 dollars, and let's say you had, i don't know for giggles just for comparison's sake, we'll we'll do everything as if you have a hundred thousand dollars of a firm divided by Uh 110: let's say you have a thousand shares of a firm, so let's say yeah. Let's say you have ten contracts, that's fair! So about a hundred ten thousand dollars ten contracts. You sell calls against that entire position you're only getting two thousand seven hundred dollars at 110..

That's not that great! If you go to at the money, 110 or 100 bucks you're, getting five bucks you're getting five grand five percent for a week, um! Okay, you go out to jan 21, now we're looking at what are we looking at here, jan 21, 100 bucks well or do 102, where you got the money 8 grand for 3 weeks. I don't know eight percent for three weeks you go into a rally. You lose all your shares, no, not that exciting. On a firm.

It's a covered call on a firm. I wonder if it'd be better off you'd be on on a firm you sell. Some puts depends on where we've been with our spreads, but i'm going to take a peek now you might want to sell, puts if you wanted to buy more shares. So if i do a put sell, yeah see i sell a put, i get.

I get that same eight grand, but then, but then you're staking basically in this case a hundred two thousand dollars uh and if it sells for less than this you're buying those shares all right. Let's see so dave and busters wow. When did dave and busters run to 38.50? That's crazy! It's not! That's! Not! That's! That's at the sell point! Okay! Well, let me look at the upside here. So momentum, momentum, momentum.

Okay, so we got some momentum stocks actually moving green uh, matapor 1.6 tesla about one percent, talk about elon, musk being done, selling completing his options exercise but not uh, completing his ten percent uh share sell. I don't, i think, they're in a black or uh uh like a a blackout period right now, where they can't sell shares. So it's kind of interesting implies he's done, but uh he didn't. He didn't sell his full 10.

So there's still one little batch left to go. Oh well! So hmm! What about some of those like uh, corsair or robin hood? Let's do a quick little peek over here at options on these guys future's going up now and then we'll we got to look at crypto as well. We've do with that just to say: oh yeah, look at that slight little increase now on futures. They started red.

Just a little bit ago, so that's nice, so corsair, for example, if you went over here to some of these that have been trading a little bit more sideways along the bottom. Let's quit take a peek here come on now we will strive me nuts. Oh, my gosh, speaking of which, if you want to sign up for weeble, make sure to go to methkevin.com weeble and get yourself five totally free stocks. Okay, so 22.50, you sell a put here, 35 three weeks.

What is that five percent yeah sell a call if you have shares 910 bucks 91 cents for 22. yeah, it's a thing so a lot, because we've been trading sideways already some of the volatility. Just isn't that great i mean you could make a list of and you could sell calls if you were nervous, you could sell them as hedges uh. Some of those that might come to mind is you could sell some calls against uh.

You know google nvidia maybe sell one to two week out, but you're picking up like two to three percent moves here. I don't know if it's worth it, unless you think there's no way we're gon na have a rally going into next year. Um you know tesla, i'm not. I mean it's unconstrained now from elon musk moves but uh.

Let's, let's look. Let's say you had a thousand shares of tesla. Let's take a look. 1000 shares of tesla would be like a million dollars by the way.

But anyway, let's, let's just say, let's for giggles thousand shares of tesla and you sold a call at the money - that's 65k. You know right now, that's like getting six and a half percent ish man more like six percent, but that's not bad. If you wanted to pick up six percent for how many, how many days is this 22 23 23 days, not mad, not bad, so yeah, i don't know matterport. Let's take a look at metaphor.

Yeah sell some calls against matterport that that'd be an interesting idea. So what if you sold some out of the money calls on matterport see? I can't trust this thing is not updating go to sell calls. So, if you want to thank that's, not great yeah, i mean you're gon na get like nothing. If you go out to thirty dollars, so you're, really getting at two dollar or twenty two dollars and fifty cents you're getting about two bucks, twenty five dollars you're getting about a buck.

So if, for 23 days, you wanted to sell calls at 25 against matterport that would get you 1.05 divided by 25. Ish gives you about four and a half percent. It's actually not bad. I saw somebody saying that in the comments not bad, what else could we sell? Some calls against if you wanted to? Let's try.

Let's do a look here: trade desk yeah, how about shares, buy or wait? Yeah i like buying shares. The cool thing about buying shares is you're not speculating on the short term, so i do like buying shares a lot sell. Some calls over here for three weeks get about five and a half percent as well. That's also not bad trade desk.

Not bad etsy is probably not that great. Let's see 221 kind of near floor. I wonder if it almost be better to sell some puts see. Okay, it's not going to show me any pricing.

Fine! Then fine, we'll wait for the market to open. It's only another. Seven minutes fine, but uh yeah. That's not a bad in my opinion strategy.

If you think this nonsense, false rally, you know false start. Rallies are going to continue, which is exactly what we keep seeing here in btc. This run back to support over and over and over again, it's exhausting sell option uh. What i see options: pricing on upstart ooh.

There should be some nice volatility on upstart, so i don't own upstart and i don't think i really want to own it. But let's just say i sold some puts for there's no pricing. I don't know if this is yeah. No, i'm not i'm not getting pricing we'll we'll take a peek when the market opens, but that's that's not a bad idea.

I'm going to write that down. Uh. Put that under the support up start, that's not that okay, so there we go! Look at that throughout the night uh throughout the morning hours here 4 a.m to 5 39. We sat right along this bottom line.

Over here 46.5 just broke out recovered back over 47, but uh. It seems to be so common for us to revisit these two support lines. It's incredible all right! So, let's see here, okay, not much moving up, quite frankly, quite boring, let's uh embraer tesla and goldman sachs; okay, whatever let's go, take a peek at some other news. Let's see which we got together all right, so harris quietly taps wall, street tech, ceos for advice on policy - oh that's, weird! Really! Kamala harris has increasingly turned to corporate executives from wall street and silicon valley to serve as informal advisors, really citigroup.

Microsoft, cisco discussions with corporate leaders cleared the way for what harris called one of the biggest first-year triumphs. The bipartisan infrastructure plan and corporate leaders say the vice president is continuing to engage them on other challenges, from the resurgence of cove to supply chain constraints and semiconductor shortages, huh yeah. I don't think democrats usually like that democratic voters already unhappy with her over her career. As a prosecutor before the election and now tying to big corporations could be problematic if she seeks the party's nomination for prez.

Oh, i hadn't even thought about that, but i guess that is possible. I don't know who who here thinks we could see a president kamala harris. We started out someone. No, i mean it makes sense uh, but i don't think that's exactly what you want to come across as politically.

But, okay, all right, we'll see all right. Well, bitcoin's recovered a little bit talked about elon musk. I don't think i mean he's still got a little bit left to go for his 10 percent. Somebody says she is the president: oh man, the biden, jokes yeah, quite an interesting divergence there in the chat - and i think the next ever grand test, i think, is tuesday by the way.

Yeah. Let's see here, two more dollar bond coupon payments due tuesday now interest that investors aren't expecting will be paid after the property giant failed to do so on other debt, 50.4 million dollars are due on a seven and a half percent bond and another 204 million tied To an 8.75 bond, oh gosh, do you ma? Oh just an interest? Oh eight point: seven: five percent: all right evergreen has a 30-day grace period to deliver the payments before the default can be declared on these two bonds uh, and that period would begin on wednesday. Evergrand with the pain, yeah yeah trying to keep saying, oh, the market will deal with it. Yeah we'll we'll see about that all right, 45 seconds.

Until the market opens uh, we did have the indices, go slightly green yeah. Look at that slightly green, but still mostly flat as we uh. We challenged the notion of a sani clause rally, but we'll see what happens in the first. You know minute over here we are back look at that.

We are back to trendline on s p kind of wild anyway, let's listen in yeah, it's true um, especially when you think about we've talked about this last couple of days going into the end of the year. A lot of the bullish narratives are multi-layered when it comes to apple. It's not just about what we might hear in the spring leslie in terms of capital return uh the spring quarter, typically, where they talk about that kind of thing, but also the optionality around a new product uh in the ar vr space this year and then, of Course, there's always the. I won't call it a pipe dream, because some are quite convinced it will happen, but the idea of a car, as the company has proven lately, that they are all right, so kind of mix there.

What 60 green uh a little mixed as well here on how the spy open kind of saw a little red bar there at first and it's trying to go green here. So, let's see what's moving where's the momentum today, tesla tesla's trying to go green here. Look at that. Oh look at that move.

1.2 percent. Oh look at adobe. Come back a little bit here. Uh three quarters of a percent nvidia's got a nice little green here.

Awesome you've got there's upstart upstart, showing some momentum again. Tesla must have just red candled. A little bit, oh yeah, look at that! Look at that u-turn on tesla, so much volatility right at the beginning, no idea which way it's going to go amc! Oh that's! A nice little run there on amc, getting started, see if that lasts 1.2 percent. There people opening some trading positions on amc.

It looks like usually we see upstart up here as well. Let's see where upstart is uh upstart yeah nice little move as well on upstart roku is actually down about two percent uh. Oh that's interesting! Roku rotating down a little bit shift technologies rotating down a little bit uh tattooed chefs getting beat up here, the small caps getting shorted. Again probably it looks like matterport, actually just went red and mttr.

Oh yeah, oh yeah! Look at that! Let's see here, let's zoom down a little bit, so smaller companies still getting pained robin hood down a percent matterport down. Let's go to l-sid. Let's take a look at that: they're, obviously substantially larger, but look at that rejection off that 3694 line. That support line is now becoming a resistance over here.

We'll see i mean we're just in the minute candlesticks here, but that's what it's setting up for right now: uh, f cell now down almost 14 western digital five and a half ah tesla's falling off the top. Here build a bear moving, so you got some momentum stocks moving amc build, bear western digital tmc, something weber. Some of these things have been had some nice momentum, fcell look at newegg down: 12 percent; oh hmm, matterport down two and a half so far down 1.68. So if i just almost be painful to sell covered calls on at this level, but i'm going to look because it's so low near the floor, it'll almost be better to sell, puts, but let's take a peek.

If you sold calls on sofi at 15 bucks, you got 85 cents for three weeks that works out. That's about 5.6 percent selling calls at 15 bucks whoa. I'm gon na write that one down: that's not bad! Actually, what about hood the rob of the hood they? If i sold a 20 call, i'd get about 66 cents, that's not as good uh, that is about 3.3, but it's but then again i'm also three bucks over. So let me go, i don't know, let me go to 18.

yeah see. Then you get a buck. 35., that changes things 35. That's 6.7 percent.

That's not bad, either good! All right, uh yeah! Let's look at shift. I don't think the new year is going to necessarily be any catalyst. You know people keep thinking. Oh, a tax loss, harvesting house - i don't know.

Okay, so can you even sell a put for two dollars and five cents this? These are people who think it's going bankrupt. Yeah you get five pennies. I mean that's nobody's even in it. That's not even gon na execute two percent.

It's no way what, if you sold a call at five dollars, what do you get zero dollars? You can't even do options on shift. It's just so there's just not enough options. All right. The pricing is too whack.

Amc couple percent western digital is moving nicely. Let me see if there's any particular news here back end on western dig, let's see here, western digital, oh yeah, i haven't heard that one before tesla's a bubble. That's a first okay, western digital come on man. Pull it up.

Would you there we go? What is this crap all right? I don't know what it is with western digital today there we go, got it okay, so what's the problem with it, western digital um nope. No news: hey alexa, stop talking to me dummy okay, so western digital, i see no news. Yet it seems to be running about six percent yeah. It's up about six percent, all right, some form of momentum coming in through here, uh uh, while f cell recovered a little bit voyager digital down about eight percent.

Here moves pretty heavily when we get a move here in crypto. We've got lucid down about two point: three percent x-pings going down so far, almost down two percent, a firm down about one and a half. Okay, we got ourselves a bona fide sideways market. Tesla is now negative, all right, uh, all right.

Let's see here, let's go ahead and take a peek. That's some other news see if we can get anything over here. Let's go to barons, see what they're saying really did you guys log me out? Oh yeah, that's fine omicron spread. Will slam first quarter gdp? Here's! How bad things will look? Oh yeah! That's that's just what you need, so this kind of implies without having read this yet.

But i'm going to write this down that uh. We have some catalysts. So i'm going to write this down q1 gdp as a catalyst which we won't really know, probably until at least six weeks in uh, like what kind of trajectory we're on cpi schedule releases. Let's get the schedule of cpi releases.

Jan 12th, it's the next cpi! That's going to be critical because we go to seven percent. People are going to vomit gen 12 cpi catalyst. Now i don't think we're going to have a jobs report until like the 6th, i see schedule, let's see jobs, report and then okay. So here's the jobs report - ah the seventh yeah, so that's a late jobs report, jan seven jobs, and then we have an fomc meeting in jan, but we don't actually expect anything to happen all the way.

At the end of january, though, before my birthday, jan 25 to 26. oh fed catalyst, the market expects a 90 shot. We'll have our first rate increase by march, but we do have a march meeting as well and we're not going to be done. Tapering in january.

Um yeah, you know i i i know it see one of the things that is problematic about your comment. Silencer student is. Your comment suggests that airports are full flights, are full knott's. Berry farm is filled to the brim.

Disneyland sold out in full part of the problem. Is there aren't enough employees to actually get people through airports, so airports are backed up like crazy uh canceling flights, uh you're, getting people hearing this in the news like every day. So what's happening, people are, people are canceling travel preemptively because it's like, ah man, this this case counts getting worse or whatever. Let's cancel travel so there's this fear that people are going to basically self-censor and you're, going to get actually uh slower growth than you should in q1.

We log into this uh because of uh people's fears or solely just people's impression of how bad things actually are out there compared to if we didn't have ami so that that i think, is a little bit more concerning. But let's, let's take a look at what baron says because it does seem like an interesting article. Dude i just signed in oh come on. It even says kevin right there like.

What's your problem, sign in to continue reading, i did you. Ah man, i really want to read that piece too. I'm just gon na go to a private browser and try again so exhausting i'm so tired of them making me log in over and over and over again. Can i just like log in once and just stay logged in for how about a month? Can i get a month as opposed to this, like every two day thing sign back in to barons? It's a freaking new subscription.

Like it's one thing. If your bank account signs you out after uh, you know an hour or 30 minutes of inactivity, but come on man a newspaper or like a uh, you know a once a week. Mac come on man all right here we go, omocron varian is on track. To recap: economic havoc: in the first quarter of 2022, as widespread outbreaks are leading to cancellation there, you go cancellations of thousands of flights, forcing businesses to close due to staff shortages and prompting shutdown of professional sporting events.

So that's the problem. You know some things could still seem full, but it could be uh uh. It could be a problem. I'm in europe and travel is the opposite.

Flight's cancelled for staff isolating flights that do take off are empty. Oh wow, that's crazy! Well, you guys got all the like maddening, lockdowns and stuff. Like germany, germany wants to have a bad gdp, read uh, and, and so does europe like europe, just wants like to keep their one percent mortgage rates. Apparently, so it's like, let's, let's just have no growth.

Um, obviously, i'm being facetious, but anyway uh diminished activity is leading economists to mark down their forecast for economic growth. Moody's analytics revised their forecast for gdp growth down roughly five percent at an annualized rate uh to closer to two percent because of omicron spread jeffrey slashed to one point: five percent uh from six point: six percent for first quarter: growth, wow yeah, so i mean the The these they see it gdp reads are: are really indicative of uh fear and well fud that um we're not gon na have the answer to how this stuff plays out for for another six weeks. You know uh, let's see here, average weekly hours for employees working personal service sectors has dropped sharply over the past month in new york city. The epicenter consumer spending, meanwhile has weakened noticeably in recent weeks.

According to jpm's analysis of credit card data, see that's just not good uh, you know ugh omicron cases so far appear to be milder right. We already know that whole different level of disruption, near-term damage. However, economists are expecting a significant bounce back in the second and third quarter: revising their gdp estimates up so so the whole the whole of q1, i'm gon na put it the whole h-o-l-e all right. This is temporary yep, blah blah blah.

Okay. So all right, we shall see, we shall see. I wonder how cases are in the uk, uh united kingdom cases. Let's take a peek, can we get new data? Yet, let's see united kingdom? Oh, i want to know the change, not the total wait hold on here.

We go, no that doesn't mean no good seven day average. I got i want to know the daily count. Where's my daily count. Seven day, rolling average 70 rolling average keeps going up: okay, 113, 114, 000..

Okay, i'll i'll go through this a little later, but anyway, we'll we'll keep comparing we're waiting for an inflection point really in that seven day, average anyway uh - and we saw it there briefly for a moment but uh that can also just be weekend - testing showing and Uh showing up that with that drop, we get the same thing in the united states, so what's happening over here in stocks, well, fuel cells, now down more 14.6 on that earnings disaster whoa look at matterport down 4.5 neo down 4.3. How can neo go down 4.3 off of off of 29.? Oh it's just getting whacked oh yeah, yeah draftking's, getting whacked, neo's breaking and breaking through the floor. That's scary! Neo keeps going lower. Uh sophie is down another 3 of farms down three percent wow.

There's some nice red today, dutch bro shift technologies. Just when you think you can't get any lower goes even lower uh cloud flare down 2.3 roku's down 1.71 piton nvidia's down arc's down how how are the indices still positive, with this much red, uh tesla's down a third. This doesn't make sense. It's just some of the recovery stocks not doing that bad and the indices are yeah.

Ironically, you still have green and the dow and the s p. It's just nutty uh how about apple, microsoft? How these guys doing and uh did they change the ticker yet to meta no fb uh facebook's down msft microsoft's, actually up. Oh, that carries a big weight and apple's up is that more flight to safety, google up a little bit, what a mess? What a mess? Oh yeah, yeah santa is a is in a slasher movie. Oh my gosh, have you read this united nation uh? If it's a book? No, if it's an article, send a link all right all right, so that was an intro great, very good article actually for uh barons, i have to say, here's another see more fud on inflation.

This is what we saw over at bloomberg as well. Inflation could stay elevated for months, oh, but this is. Why is this from december 14th? This is from like two issues ago. That's boring, it doesn't matter.

Att stock is cheap. Why it's one of barron's picks for 2022. ooh, yeah 18 t is it's like 24 now or something like that, and it always used to be 30 lost a bunch of money and uh? Oh 20. It's almost 25 now thoughts on chargepoint about to hit a 52-week low, yeah wow under 18.

Now the pain just continues. Don't i really have thoughts, although i uh well, i mean i did think that a lot of the charging companies were a little bit on the overvalued side. So it's not a surprise but uh. It's also kind of frustrating for a lot of folks who are looking for that energy revolution.

I will say if you go to end phase, you have a similar uh set of drawback over. Here, though it hasn't broken support. T is the stable coin stock, with its like seven percent dividend. That's a good one, uh, the stable coin stock.

That's actually not stable and has lost like 20 in the last year, yeah. That would make people think twice about stable coins, neal four percent. Now it's like the pain, keeps coming all right out of money buying the dip yeah. Look at that that this insanity neo folks neo, is now pricing at october of 2020 levels the lost year oh nast day.

Well, you get some dark losers here. It could be a nice opportunity to sell some puts so. What's what's up, look at that options, pricing at apple yeah, but how much would you really get selling calls, let's say on apple, sell, call apple, call it 185., so you get 2.81 cents. I mean.

That's! Barely even worth it 281 divided by 185.. Oh that's! Quite loud! There we go. We are at yeah 1.15. I mean that's a boring cell call.

If you go to at the money that gives you a little bit more money, four dollars and ninety cents. It's almost double still two point: six percent. If you wanted to pick that up for 23 days, i think what'll look a lot juicier. Is you go into like something like matterport yeah, because it's down sell a put? I don't know, let's just try.

20 bucks. Yeah. Look at that that's like 10 for three weeks, so there are definitely some puts coming out on this one. Oh yeah, big, big caps.

That's what i'm saying! Vinnie big caps are the flight to safety man, it's all the big ones. That's where everybody's putting their money right now and it's working and it continues to work craziness uh, but that's the trend right now. Let's look at nvidia 9 videos down a little bit, though tesla down 1.1 here only down about a third here on tesla all right. Let's do another peak here: a new supply chain crisis is building uh.

Those expecting a quick end to the supply chain. Crisis are going to be sorely disappointed. Port backups, trucker shortages, factory closures and shortages of raw materials are huge contributors, but a second wave looms. The wave will be harder to identify and too many companies are focused on the current crisis without appreciating what's coming next viewed broadly public and private companies across the globe reduced short-term risk during the pandemic by adding cash to their balance sheet.

Despite taking this step, many took more risk from a long-term perspective. How does this happen? Companies underlying business might improve while the cash last, but if they don't, they must get more liquidity. By more time, companies can't resolve their debt problems. They either fail or begin to cut corners that create unforeseen problems for their customers.

Okay, here's how it'll play out a supplier that cuts corner and corners in it spending might create cyber security risks, one that delays, research and development is less innovative. Oh so they're talking about a cash crunch, how ppp help businesses survive, but now the removal of some of this uh, an amounting a mountain of debt that will need financing and refinancing, could slow down the growth of a lot of companies. Basically wow. All right very interesting, yeah, we'll we'll talk about hex and the course member live stream later: okay, but not much okay, so very interesting.

Let's take a look at crypto here so has been actually recovering the last about hour here, uh. We came off of that. 46. 5 level very nicely.

Look at that nice recovery off that 46 level. Now we've got a little bit of a run on btc good recovery here off of this, it makes you question: is this going to be a false start, or are we ready to go? That's the big question: are we back into another false start for crypto we've had quite a few of these all right. What's kate rooney get to say hold on as the omicron variant spreads and analysts are looking to names that can perform well in both open and more restricted environments and have pricing power and flexibility, as inflation continues to weigh on the sector. Petersley btig says his top pick for 2022 is starbucks saleh says investors should own names that cater to a higher income demographic in 2022, and that value will continue to be in focus for customers in the coming months and quarters, and for andrew charles at cowan.

Chipotle takes the top spot again, a company that has expressed it really has some room to run on pricing. Charles said that the premium valuation there is justified by the sales execution at the company. He points to the sales strategy the company is pursuing, which is focused on social responsibility, digital loyalty and menu innovation. Now other names mentioned as opportunities by charles wingstop and newly public companies this year, sweet, green and dutch bros.

All of the names here i mentioned are digital focus, which will remain key with consumers who are looking to order via digital platforms for the foreseeable future. But carl, the two top performers in the space for the year are dominoes and taking the top spot papa john's back over to you yeah what a run for both of those names. Kate, pretty incredible, thanks, rk rogers, we'll take a break here. Uh holding some are getting close to some familiar levels: s p near 4, 800., dow just around 36.5 and the vix closer to 17 than 18 back in a minute crazy.

All right, so uh dow's up s p still trying to get to that that all-time high. There that 48 level, which is crazy and uh and and a lot of other things, having a lot of pain in the meantime pretty wild market uh. It is crazy out there. I will be doing some options, trading and i'll send alerts for those uh to everybody.

In the stocks psych group, let's see metals mixed on china's economic outlook, virus surge, more food, fear fear, fear yeah. This is all pretty consistent. Okay, let's take a look at the germ. Oh and financial times could be good financial time streaming.

Wars: 100 billion in new content, ooh deloitte sued by female employee over harassment, claims u.s estimate for omicron prevalence to just over half. That was crazy. We saw a little bit of cut there, just a 59 prevalence. Oh, i got ta log into the dark thing.

Uh ipo drug maker battle, blah blah blah blah all right should retail. I split ecom yeah. This is because of macy's and uh. Sacks at fifth are actually talking about ipointing out just their online businesses raise some capital all right.

What's this happening here, oh things are sparking down. It seems like more more continued pain here. Oh yeah, oh wow, uh things are somewhat worsening in the smaller cap world and at the same time, starbucks just got a little bit of that cnbc pump and the bigger companies like target costco home depot apple, the what the dow companies dow and s p. Top s p companies they're the ones holding everything up, but otherwise you're getting some bigger pain in the smaller ones.

Let's look at tesla tesla now down half percent etsy down point six loose is actually only down point. Seven, that's not that bad and it does seem like we're getting that little bit of that is that recovery continuing in btc yeah, not quite it's kind of last three minutes slowed down a little bit alrighty. Well, there you have it crazy market, we'll see how things evolve thanks so much for being here folks i'll send some alerts on my options: trade coming up soon and uh, we'll see in the next one folks, thanks again see ya, bye.