Greetings to another market, closing live stream and cheers to the monster. We must talk about what the federal reserve has just said, so it was very boring. As usual, there was the classic elizabeth warren complaining and the trading scandal nonsense and the resignations and better ethics look. I care about the market stuff.

So that's what we're going to talk about here and i'm going to give you a summary of what jerome powell just said, which is important, because tomorrow we've got something coming up, which we'll also talk about and then we'll see. What's going on with the sticks, okay, jerome powell talked about these lingering supply chain issues and why we're continuing to see inflation, and that is because the federal reserve believed that supply chain issues would clear quote substantially more quickly and quote than they actually did and the Reason the supply chain issues are lasting longer is in part due to delta and omicron, potentially solely due to omicron and delta, but it's also exacerbated by a slower return of workers and one of the things that was actually very positive bullish. That jerome powell said was the following: quote: okay, this out of the entire thing. If there's any freaking thing you listen to from the entire fed hearing, it is that you got about two weeks to use that coupon code down below.

Do you enjoy the progress i'm building your world? Sorry, you got to put it in somewhere. Okay, quote to get to the kind of very strong labor market we want with high participation. It is going to take a long expansion. Okay, that quote there full stop best thing we could have heard from the powell the powell.

Why? Because what he's saying is look we're not trying to crash the market we're not trying to cause a recession, even though jobs are coming in strong, we need to get participation high and the recovery of participation is moving very slowly, but the only way we can get A long expansion is with price stability, so what he's actually saying is don't think of me as taking away the punch ball? Think of the punch bowl as having spilled a little bit created a little bit of a mess, inflation and he's coming around wiping it up and he's just cleaning the area around the punch bowl he's still leaving the punch at the party. He still wants the party to keep going because he wants a lot of people to come to the party more people to come to the party than that are currently at the party he's like hey. Look all the people. The 100 people at this party came fast, but i want 120 people at this party, so i got to clean up the punch bowl aka.

I've got to clean up the inflation mess, while still keeping the party going and attracting people to this party. So more people get inside this dance floor and start participating. This is very bullish. This is actually, in my opinion, one of the the best things that jerome powell could have said, and it was absolutely incredible.

I mean immediately the stock market moved on this. I was watching this very closely and i'm like that's it that that right there was what the market wanted to hear. The market doesn't want to hear uh, whether it's potential or not, i mean, obviously it is a potential. I don't think it is a reality.

I don't think it's a likely potential, but the the market is to some extent, pricing in the potential that we could have 10 12 inflation and that all these, these inflation buffs are going to be right about uh uh. You know, oh my gosh, we're going to have to raise rates to 13 14 again, just like we did in the 70s uh or or early 80s, rather especially late 70s early 80s uh. When paul volcker came in and uh we suffered the volcker rain. I don't think we're in that sort of market again, because the the catalysts for inflation are entirely different, we're not losing uh price ceilings, we're not coming off the gold standard.

We're not. The dollar is strengthening, not weakening uh folks. There are so many things that say: we're not going back to volcker, uh the volcker era, which, if you don't know what the volca volcker era is, is basically just raising rates to like 15 to just through a bloody recession. Uh destroy inflation right and so some of that potential again, i don't think it's a reality, but some of that potential - or i don't also don't think it's likely - i think it's less than 20 likely uh.

Some of that is priced into this market. So hearing drone powell say hey, look we're we we're trying to set up here for a long expansion, best freaking phrase he could have said at this entire meet because remember folks, why does the fed care about a long expansion? Well, first of all, nobody wants to deal with a recession, but one of the primary motivating factors for a long expansion is getting to something known as max employment and maximum employment is when you have individuals of all races and sexes at their maximum potential employment and We're not there right now we're not even close to that form of max employment. All right check this out we go over here to this will show you watch this. I just type in black.

Look at this. The white unemployment rate is 3.2 percent. The black employment rate is 7.1 percent. That means, if you are a black person, you are 2.22 times as likely to be unemployed as a white person.

That's the problem. If you are a hispanic, you are 1.5 times as likely so and then asians only slightly higher. Like asians white, pretty pretty similar in terms of employment, uh hispanic one and a half times as likely as a black person as a white person to be unemployed and a black person 2.2 times as likely as a white person to be unemployed. That's big right! So this is what the federal reserve is trying to deal with is is the sort of the sort of disparity in in racial employment, uh women - i don't actually think fair, is no.

Women are equal to men, so we actually have sexual equality, maybe not in terms of pay, but in terms of employment right now, or unemployment and uh. Substantial inequality in terms of racial employment uh. So this is uh is, is one of the reasons jerome powell is? Is trying to make this? I really i like that. I don't know you tell me, i like the punch bowl scenario.

Jerome powell is not taking away the punch bowl he's cleaning up the excess inflation, the mess around the punch bowl because he wants more people to come to the party, specifically blacks, who are 2.2 times as likely as whites to be unemployed, uh, but but all everyone. Everyone to have some improvement in this right, so he believes that the only way you can do this is uh by by having a long expansion, and so what he needs to do is limit inflation, while making sure the party's still going and uh, even though he Is going to redu, you know, phase out or basically dump bonds, uh reduce the balance sheet sooner and faster. The market is, is happy with his statement that we're trying to build a long expansion here now that could be very fleeting people could forget. This quote very quickly uh, but it's always important to remember that the most important thing in the economy, folks is consumers, driving growth earnings and, ultimately, a strong dollar that is probably the most important thing for the american economy: strong dollar, consumer growth and earnings growth.

That's number one: that's that's your top! Okay! That's that's right here at the top strong consumers, earnings, strong dollar. The next would be the fed not trying to vacuum up too much money. So don't don't, dump those bonds too quickly and then you've got rates at the bottom. These are all issues uh, but but i would put them in this order and i think inflation is is really just something that contributes to the middle two rates and and the balance sheet runoff.

In other words, it is entirely possible that, with with a statement like this, that chair jerome powell could actually potentially u-turn the market's uh response calculus to inflation, in that, maybe the market will stop responding to inflation uh. Maybe the market will just say: okay, we're on the path to set up for a long expansion. If that means, we got ta raise rates to kill inflation, fine, but we're on the same page. We all want long expansion and uh as long as people have faith in power.

I think we'll do well that we don't have to go to recession uh to to combat this inflation. Obviously, if we have a huge miss to the upside on inflation tomorrow, we're screwed uh. If we're going to have a bloodbath of a market tomorrow, we're going to have a disaster of a market and things are going to suck. So remember in the inflation expectation, for tomorrow is 7.1 percent, that is up from 6.8 uh in uh november.

We right now we're getting the december numbers, even though they're coming out in january. We're getting the december number so 7.1 is the expectation we come in at seven point: two percent: is it really gon na matter? Probably not uh, you know, maybe the market's flat or whatever we're pretty close to expectations. We come in at like seven and a half or eight percent this market's going down, we're we're going down and it's gon na suck if the um market ultimately or if inflation comes in at, like honestly anything with a six in the front, we could start a Potential - and i don't know how long it'll last, but we could start a small rally, maybe a longer-lasting rally - i don't know, but we could potentially start a rally in small caps and other companies that have sold off which, to some extent we are already seeing today And that's what's really interesting, because if you pop over to the market right now, you've got a rival up 11 percent d-wack. I mean this is full risk on right here: 13 next door, 13, tiny! Look at these tiny caps right here: uh jd, the chinese companies blowing up here right now, uh jd baba has been doing very well x, pings up seven percent uh lee auto i mean these.

This is the the risk based playing is up today, robin hood's up six percent uh. You know we. What do we have down? Uh covet place, moderna safety play like a domino's, which is also a covet play, not much. I mean cheesecake down.

0.95 percent, i mean. There's not much that's down volatility's down modern, like just stay away from the vaccine. Manufacturers stay away from this garbage uh and look, i think in the future, maybe uh in like two years. It could be interesting to invest in moderna as like a therapeutics player or or like a cancer play or whatever, oh cancer might sure uh.

You know you can't wish that upon. Anyone and and heart goes out to anybody fighting that or knowing somebody who has to deal with that, but anyway uh this is not. This is not a bad day. The market's doing very, very well.

Today we uh tesla's flat, which is fine. Tesla hasn't been that terribly damaged. Uh bitcoin is recovering we're. We keep getting rejected off of 43, though not very clearly but uh.

We we continue to get rejected at about 43.. So we'll see what happens here uh. So, let's see here kevin look at how btc gets getting rejected at the 50-day moving at 50 day on the four hour. Okay, let me see this is not the 50 day then 50 on the 50.

you're. So right, yeah, look at that reject, reject uh and then that's where we are now we'll see. That's interesting, uh, okay, apple, investing in small cap stocks. I don't know if that's true, but if it is that, wouldn't surprise me chances of a month-to-month inflation being less.

Despite higher year-over-year inflation, oh a very good question: that's a very good question! So the the question is asking me: what do i think about look year over year? Inflation might be high right, seven point, one percent, but what about uh the estimates for month over month? Mom so cpi mom, the prior release was 0.8, which is a 9.6 annualized, which is just like that's insane. The current estimate is actually 0.4, which that's good 0.4 uh. Well, i mean it's not good, but it's better than this, though it's a 4.8 percent annualized rate and remember don't use exponents on this. You just multiply by 12..

Don't make your life more complicated, you're, trying to figure out speed, you're, not trying to predict full year. Uh and uh yeah point four: that's good uh! Obviously, like oh my gosh, you know what could rocket this. This market write this down like look. Here's here's! What we're gon na! Do i'm gon na! Do it with you, because if you listened, you bought these post-it notes.

I don't remember if i talked about that in the course member live streaming. We talked about a lot of things in the course member live streams, you're missing out if you're not part of those, but i think you already at this point you realize you're missing out. I don't know, maybe somebody can give me a reason why you're not buying the course you can write it down and the trap, but anyway, okay. I wish i had a marker here.

Usually i do, i think max took it anyway. I'm gon na write down. First of all, i'm gon na write down uh cpi. We have the expectation, oh they lowered it.

They lowered it to seven instead of seven point. One holy smokes. Okay, james m says: google is free, uh. Anybody in the course please respond to the google comment.

Uh. Oh, i did talk about it here too expensive. I mean i, i respect that if you bought the diff too much cash, poor, okay, okay, all right! I respect you buying the dip uh, okay, so cpi they revised it down to seven percent. I'm surprised from seven point one, so they revise it down to seven and then the ma the mom mom they revised uh.

Well, it's at four point. Four me: i'm gon na call a rally: okay rally if sub 6.7 headline or or um under point two uh i'll say under or equal to under equal point. Two, i'm gon na put that right over here, uh right, no, that's inconvenient! I'll! Put it right! There google can't give you the mentality of the psychology of money boom course is helpful course. Member live streams.

Gold! Oh thank you for saying that i bought the course. Last year it's been my best investment, oh you're, so nice. I hope to buy the course at the end of the year, if i can make enough gains this year. Okay, google doesn't give you inside tips and advice.

Kevin gives you uh personally in the course oh and in the course. Oh, that's awesome. Thank you uh! That's so cool they're lost enjoy your free, google. That's awesome, uh, it's a drop in the bucket for the returns.

You get! Oh you all so nice, that's freaking, awesome, uh, really, really cool analysis. Paralysis with google kevin gives it straight and focused. I feel too nice. Google does not kill you i'll, buy sellers.

Oh thank you. Okay, um good, so i'm calling for a rally if we get either under 6.7 year-over-year or under or equal to 0.2 on cpi for month-over-month jan says bought the course. Last week. Great investment live stream is very helpful.

Thank you. Google does not give kevin newton. You can't can't be telling people uh. Thank you.

Thank you appreciate it, okay, so i'm i'm really surprised that they reduced thanks corset crater. I'm really surprised that they reduced the inflation expectation. Uh from from 7.1 to to 7. - i'm happy about that, because i was a little nervous when i saw 7.1 uh but uh but yeah do do.

I have a payment plan, you could pay check out with paypal and it lets you pay in four. It does a payment plan buy now pay later for kevin's course: yeah, uh, okay, so let's go back to the market. Let's see what's going on, somebody says the spy is falling into the close uh. It doesn't surprise me to see stuff like that, because there's a there's going to be a lot of fear going in tomorrow.

Uh i mean that's barely a movement down in fair. You are right, but it is it's not bad uh. It would not surprise me to see some people take attendees off the table, maybe not even 10 days, just take their money off the table because the liquidity is going to be terrible in the pre-market tomorrow, uh you're you're really going to. I wish i could add a firm.

I really wish i could uh that that would be up to teachable um, but anyway, um yeah. I mean look if, if i were a fund - and i i was like - i need to take some liquidity off of the table - to have some to potentially buy the dip after a cpi missed tomorrow, or just as a hedge yeah, i'd sell into the clothes too. I totally get that so it does make sense that we are going to see some form of limitation on this. Oh bark, 27 percent - that's cool bark bark box.

I thought it was 18, not that long ago, yeah, whatever uh dwack thirteen percent. Okay, so are, is everything falling into the clothes or just some things? What's going on here? Oh my gosh, you cannot. Oh my gosh. Look at that reject on lemonade.

It is so freaking perfect. Oh, my gosh, it was within two pennies again like i. I get the comments all the time. People are like.

Oh, it's so funny seeing kevin freak out when his ta - it's just because there's so many people that are like oh ta, doesn't work and i'm like. Are you kidding me? Look at this within two pennies of my line. We get rejected on lemonade uh and i didn't even draw it at forty dollars. I drew it at 4008 within two freaking pennies.

That is that's amazing. It shows you it works, and then you get the front running over here front running very, very common anyway. Uh. Okay, come on lucid, get over here, uh, okay, so lucid ta works because of algos.

I don't care what the reason is. Algos are programmed by computer or by humans in before. You can't make this up. That's funny.

Op fi is up by running that one sold off pretty nicely 10 yeah yeah. This is this is like a robin hood. You know so: okay, good uh, how about ark how's a couple percent? It's still crazy that it's at 86 dollars. I i rolled my january options so uh, but i still have my options on arc and hood, but i rolled them to uh.

I think it was 69 anyway not much moving down. Let's look at the indices and bonds for a moment all right, let's go nasdaq technologies, beating all of them all right. This uh patrick boland, comment here: 100 correct, absolutely brilliantly put ta works because others care about ta, pure game theory, bingo, absolutely correct. It is all the psychology of money lol, the knowledge given from kevin's course, and course live streams - is priceless.

I've made six figures plus from kevin stock. Oh that's awesome and the tactics. Oh, that's, really cool, i'm happy for you do. I think cpi data is priced in what depends what what it ends up being you know, i think seven percent is priced in yeah.

That's why i think it's gon na be flat uh. The algos have bought kevin's course time to yolo into dwack no way it's like poker, yeah uh, no sell-off into clothes. Okay. Well, i mean that revision down.

Do institutions know something that revision down on inflation was telling that they went from seven one to seven. I know it seems minor, but i think that's telling uh. Let me see here yeah, i don't. I don't see much of a drop here going into the clothes.

No see look at that look at that spy rebound into the clothes. That's enthusiasm. Look at that! Even nasdaq, that's incredible uh yeah! Oh! This is very good, very good. We don't have earnings today, dude.

I don't think earnings really begin until friday morning bankruptcy. No, i think we have um the airlines thursday. After the close. Today's i don't know what that is, that doesn't matter what is this one wednesday jeffree's financial? I don't really care about them.

Sorry, oh taiwan, semiconductor in delta, but taiwan and delta both report in the morning on thursday and then morning, reports for friday, jp morgan, blackrock. Well, city first rub uh and then wait tuesday. Why is there no monday? Is the market closed monday stock market closures? I don't know there's no monday on this calendar. Oh it is.

Oh, the market is closed. On monday, it's a three-day weekend, dang it. I hate three-day weekends mlk day, that's right and i respect them. Okay, day uh, but i hate three day: weekends.

It's so boring! Oh my gosh, let's go skiing skiing for the three-day weekend. That's tempting oh geez, okay, anyway, where's the best snow right now. Somebody give me the best snow. I need a snow report, stat all right, expi, nine percent, nice nice move back to 30 right here i mean some of these just got burned, so it's it's not like.

We can really be that excited about some of these moves. Today, uh i some of them, though, because we bought the dip uh, it's very well. Today i mean i know i like the little pop-up off a td here or a trade desk. I got trade desk at like 75 yesterday, uh lake tahoe course, member ski trip park city, utah yeah.

I like park city a lot utah killing it yeah is the snow good right now, awesome, okay, all right quickly, look at btc and then get the bell here. See if we can get back to that channel on btc waiting, i've been waiting, uh tech, consumer discretionary communication services - oh wow, last hammer hammer, he almost forgot there we go, he was looking off and it was kind of like he was trying to look at somebody Talking to him - and i think somebody was probably in the distance like he dropped - do the hammer. Do the hammer he's like, oh anyway, um dao 0.51 smp 0.92 nasdaq, 1.41 russ 1.05. I'm hoping! I really am hoping that tomorrow we get.

We get a start to a small cap rall, because i am i'm tired, tired of this. This uh frustrated market that we've been in for honestly about six weeks now, uh, it's it and, quite frankly, all of 2021 has been such a weird yeah. It's it's been something else, but uh hey! You know what um, if you made some nice attendees today, you bought the dip. You made some nice attendees check out that link down below use that coupon code.

Consider bundling up the path course to wealth. That price does double uh. Usually, the courses don't go up that much in price, but that only doubles in a couple weeks because of uh, that course getting released and when it's on pre-sale and you buy a course with no content in it, it's like you get a better deal. You get.

You get a lot off, but anyway, uh tesla yeah, not not much of a move here on tesla 0.59 percent pre-market after hours. It's going to be too early to really tell anything here. I think we had the best possible case scenario here with the federal reserve. Very happy about what we had with the fed happy with the market today, also honestly, very happy about this inflation expectation rotating down.

We could get rug pulled tomorrow and if we get rugged we'll be very sad, but in the meantime i'm gon na go thanks. So much for being here for.