Hello, welcome back to another market, open, live stream. Well, folks, we've got uh more red in the market, a crazy deal from microsoft and uh. Some fears that maybe the rotation to banks is a little overblown and that you know what the entire market might just uh. Be in a little bit of a value reset, i mean consider this goldman just this morning had uh earnings again that uh reiterated what we saw with banks last week at city and jp morgan in wells, fargo, that expenses are up it's more expensive to hire talent Right now that trading volatility has substantially reduced, leading to less revenues for four banks and uh.

Now, all of a sudden, there are doubts of people uh rotating into banks, as we go into a higher yield environment. At the same time, as now, you have doubts of maybe rotating into the banks. Uh tech continues to sell down, and this happens as we see yield spiking to some of the highest places or highest numbers. We've seen yields uh spike to in the last few weeks.

Take a look at this: we've got the 10 year, jumping all the way up to 1.8, one of the largest jumps here, we've seen in a bit yesterday, we did hit as high as 1.85 once a bond trading opened up again. This led the nasdaq futures to drop as much as 1.8 percent right now, they're down about 1.45. But what's actually in my opinion, kind of fascinating about this is tech stocks aren't down that terribly much right now, uh. Definitely there's a there's! A lot of red we'll go ahead and look at all of these here in the pre-market.

So let's see what we got, we've got all right here we go uh, so we've got some. You know, we've got some cannabis. We got cannabis over here, clever leaf down about 8.33, but when we start we even got alibaba down 4.28 percent. A lot of folks have been investing and betting on alibaba that maybe alibaba would be immune here, but when we really start getting into tech uh, we go past airbnb here down three point: six six percent go past.

Maybe the smaller cap insure tax like root uh, go past the crypto miners and we really wan na start looking at tech here. What do we got? A rival nano dimension fintech like sofi down two to three percent here, loose it down 2.7 rivian down two seven autodesk down two seven uh you've got uh up work over here at two four four. What was interesting about that is tech's, not down that bad anymore. I mean two percent on cloudflare on on days where we've seen uh the treasury yields spike, like this we've seen cloudflare down seven eight percent uh.

Now it's down to ninety eight dollars, don't get me wrong! It's it's a far cry from the 210 dollars that it ran up to but boy, oh boy, you're, not actually seeing that much extended pain, despite treasure yields jumping to where they are here really tesla down: uh 2.25, but still above 10, 25 and phase down 2 Sitting right around that 140 level, a firm down 2 percent uh - and those are that's - that's the extreme side of of the tax sell down. We jump on over to uh. So in other words, i guess before we jump on over the positive here. It's almost kind of like saying: yeah treasury yields jumped a lot yeah nasdaq futures are down and and taxed down, but actually not that bad.

It was kelly what it was actually kind of holding up a little bit, and some of that could be because of the the flight to banks has turned into a whoa. Wait a minute wait, a minute, not not so fast, but maybe we don't necessarily want to jump over to uh uh to to uh banks. Maybe tech is still a place to be, but uh anyway uh worth worth. Taking a peek uh over at activision, a massive uh massive deal, uh announced by a microsoft to buy activision, which is really incredible because one of the things that you notice when companies start settling down or drawing down is they they become targets for buyouts.

Uh, which is pretty incredible because activision blizzard has been caught up in this uh sexual harassment scandal. The thing over the past year is down 29 uh. It is down substantially from its peak pandemic pricing at 103, it's down 37 from 103 peak pandemic pricing there. On february 12th, uh and uh, and down substantially again over the past year, down about 27 percent uh and uh now in pre-market, as you can see here, is up about 35 on news of microsoft, buying activision for 95 per share.

That's pretty incredible and it begs the question of with how inexpensive certain companies are getting. Is it possible that we could see some of these smaller caps get bit up as well or bought up? I mean let's go over here to uh the small cap companies and and just consider the fact that in a company like shift technologies for 213 million dollars could, in theory, easily be bought up by something like carvana or even vroom. I mean we throw carvana in here and let's go ahead and look at carvana carbonica run i'll, hear all those carvana carvana is a 27 billion dollar company. That means for less than one percent of their market cap they could buy shift technologies.

Vroom is worth about five x shift. Technologies is quite incredible. So when you do see, prices come down so much frequently, you do get more mergers and acquisitions because it's kind of like a good time to go shopping. It's it's a great, buy the dip method.

Uh. It's a way of companies expressing enthusiasm over over the discounts and it looks good on them reputation-wise when you spend money on buying the dip as a massive company uh. It's it's a wonderful thing during fear to uh to take advantage of cheaper pricing in the stock market. I mean even just recently here if we go to blizz, see here activision if we go to, let's take a look at just the past day chart here, but sometimes i do wonder if, if some of uh like there were a bunch of leaks and people already Knew this this announcement was coming uh, but i mean if you you look at the chart here i mean we've obviously gone down substantially uh over the last uh six months of 2021, a little bit of a december rebound here kind of incredible that there was a December rebound, despite the fact that in december, most things were selling down uh and it still got a little bit of a drawback here, but sometimes it does make you wonder like who knew about this announcement before this actually happened.

So uh - hey, you never know, never know, but uh neo down a 2.1 percent. So this slowdown in in china is uh as usual. The the big question mark uh. How much is the slowdown in china going to affect the chinese consumer and therefore alibaba neo xpev, uh, xping motors uh, so we'll see all right so then, we've got.

Let's see uh piton, let's see peloton, discussed job cuts in call with management team, peloton, hires, mckenzie who's, mckenzie to review cost structure. Cycle maker may cut jobs in closed stores. That's not good hold on a second. Let's take a look at this here, so yeah.

There's there's a lot going on over here at piton hold on a second here. Okay piton is working with a management consulting group, ah mckinsey, okay, to review its cost structure and potentially eliminate some jobs. Job cuts were discussed in a recent call with members of peloton's management team. The apparel division, which had particularly weak sales, was one area that could be a target that could be targeted.

You know, okay, who, who remembers on the live stream like four months ago peloton, and this was back when, when peloton stock ran from like 110 dollars to i think 125, or something like that. Uh, the the uh peloton brand came out with this announcement that they were releasing their shirts and apparel or whatever we looked at their website and i'm thinking to myself. This is stupid. Uh, like some of the stuff looked nice, don't get me wrong and i remember saying that on a livestream, but i'm like this should not be their focus.

Merchandise is not the focus of peloton like get your product out the door, that's the merch! I was very unhappy with with the apparel division, and so it doesn't surprise me that they had particularly weak sales quote here. Uh the company apparently doesn't disclose its apparel sales either. Peloton is also considering asking employees at its retail stores to take customer service calls during less busy times. Oh, my gosh uh that that's quite odd okay, so so the sales people who are standing at the the outlet malls or the malls or whatever should start dialing in and doing customer service.

That's interesting at one point: a peloton executive on the call said that 15 stores are on the cut line they had 123 showrooms. As of june 30th. Wow morale is at an all-time low, said one employee yeah, that's one of the downsides honestly of going public in general. Is that if your stock plummets, all your employees get sad uh, let's see.

Oh, this is an interesting uh one. At the end of the month. Peloton will begin tracking tacking on i'm sorry, hundreds of dollars in fees for delivery and assembly, citing historic levels of inflation and heightened supply chain costs. Previously these fees were included in the price of the bike.

Right now, people are raising prices ikea just raised prices. We want to go in the middle of the pack, that's the chief marketing officer. It's not going to work ikea. You can raise pricing at ikea because ikea has been refusing to raise pricing, ikea's management team and ikea's.

Not even a public company, but they've been very clear about this. Ikea's management team has been doing everything they can to actually lower margins and absorb the costs of these insane supply chains uh. So so, if anything, you've got a company in in ikea, that's been trying to keep prices purposefully, low and, to some degree artificially low. To so to compare yourself to ikea a company, that's been keeping prices artificially low and suggesting that wow we're gon na raise the prices of the bikes by a couple hundred bucks by charging for the assembly.

This is gon na hurt you all more. Let's be real! The product's too frickin expensive look one of the things that i did early in this pandemic uh, because i i was an early investor in peloton during the pandemic, because the thing fell to from 27, where it previously was like 19 was dirt cheap uh and i Invested in the stock right around probably around 26, because it went down from 27 to like 19 and started rebounding and saw it as a stay-at-home plan, so invested quite a bit 27 and on the way up and uh. I bought a peloton. But i also - and this was critical in my opinion - i also bought a a workout bike from uh from some random chinese company off amazon and one of the things that drove me absolutely nuts about the peloton was.

There was no way for me to put my ipad on the peloton in a convenient way so uh. I would have to hold it because there's no like rack for it uh the little cheap bike which didn't what i didn't have any electronics to it like you would just pedal against the resistance of it uh. It was great and i i actually loved it more because i put my ipad on it was great uh, but anyway, that was one of the things that uh that ended up, leading me to trade piton when, when we started seeing their prices come down and some Of their social media, cues uh plummet, but pricing power is not something in my opinion that piton has so uh. Raising the price is probably not the smartest thing right now, uh anyway, so yeah.

That okay doesn't surprise me that there's some pain with that anyway. Okay! Well, wow, that's interesting, piton news, so i wonder how their stock is actually performing right now. So let's see piton uh. It's only down one point: five, six percent right now, but then again this is all-time lows! Uh! Well, since the pandemic, really it's at 30 35.

uh, okay, so gosh you would have been you're, basically like almost a zero from from pandemic lows. All right. Let's see some of the other things that the suits are talking about and we'll look at some more of the sticks here. So security is fragile.

The world of cheap jones, uh drones, yeah no kidding uh talk about that attack on the uh on the uh oil uh oil refinery facility with a cheap drone; and it's probably not that hard to attach a little explosive to one of these things: sad uh. Okay, let's see here, inflation has upset the pandemic playbook, it's been a pretty nasty overnight session in the us uh, as investors prepare themselves for the week as of now. This simply represents pricing in tighter policy, not necessarily policy error to the effect uh. The effect on equities has been pretty predictable, yeah.

Okay. Well, let's see here, tech is set for tough times ahead again in europe. Let's see, olympus dao shows a good meme, isn't good enough. What is this? The idea? One of the core ideas in crypto is the power of the meme from doge to apes, to digital gold, we're in the golden era of meme monetization.

Over the past several days, we've seen the implosion of the olympus dow, a project that may let's see the number uh. That's interesting. Okay, i'll keep an eye on that and see. What's going on there uh anyway uh, then we've got front end.

Okay, that's a little bit more on bonds. Here, gold's trouble is doubled in silver. If gold's about to get thumped, silver is going to get destroyed. As a note here, interesting treasury slump a lot of buzz about oil, potentially going back to 100..

We had that that fear earlier uh, you know within the last six months as well and then it ended up hitting this resistance at about 85 uh, but it's getting ready to go over 90 here, it's european time, okay, okay, all right! Let me see what other quick news i have here more downtown. Now: okay, that's more reiteration, okay! So a lot of talk to from the airlines about delaying 5g roll out about how 5g could create a lot of disruption in the airline place or space it'd be interesting to talk to some pilots about that, if that's just a bunch of fud or not um. Oh this is this is one of the best comments right here. Look at this consumers have less firepower.

Supply chains are not getting better and they're about to move they're about to release a new variant. Oh, it's like it's like you're waiting for your new tesla update, except it's the government releasing a new variant. That's a good one! Um 5g uh yeah! No! I i've heard a lot of the uh skepticism about uh the uh about radiation from 5g, but but its impacts on planes, i think, is very interesting. Um, so we'll see all right.

So what do we got here? Uh a sorting by market cap. We have a lot of red on the market cap side. Look at this. This right here is sorted by market cap and i'm gon na hide myself for a second here.

Look at this folks. The pain is now hitting the larger caps uh. All of the larger caps here, with the exception of visa of 0.4 percent, are red: let's go ahead and just sort by smaller caps here for a moment, uh also all pretty much all red, so where's, the green. Oh, that's right! There isn't any there's extremely little! Green right now uh it when you sort yeah, i mean look at that.

That's crazy! It's it's pages and pages of red, but we do have about one page of green and that's uh, mostly thanks to blizzard here uh. Oh, my gosh d-wack is at 72 dollars. That's incredible and uh in and vinco ventures, let's go take a peek! You see. What's going on over there, uh yeah, let's see what we got so bb be big.

Let's see what be big scout for us today. All right, yeah vixx is green, got ta love! It all right so vinco ventures set to extend 76 rally, as traders flock uh no d-wack rises most in stock twits. Okay! Well, that's nothing other than momentum, but apparently the momentum is working and roblox up two point: gon na be worth taking a peek at seeing what we got here with roblox, with the exception of uh nancy pelosi's husband, buying options in roblox for september of 2022. At a hundred dollars, given that it's now at 81 dollars that makes you feel like you can get a better deal: nancy pelosi's, husband, uh video game stocks surge on microsoft, deal; ah really.

Okay, that's interesting! That you'd get roblox, basically, sympathy. Sympathy moving for uh for uh activision, blizzard, hmm, just a little insight on the video game industries see if this is actually going to populate all right here we go key investment discussions, blah blah blah. Here we go digital mm-hmm, okay, supervisor dash; no! No! No not really much of an update there. Okay, fine, then! So, let's see what else we have, let's jump on back over to what's the sticks, uh.

What's everyone buying yeah, let's see here? What is what is there to buy? Well, a lot of things are on sale right now. Uh you've got look at this amc sitting under 20 dollars right now. That's incredible! Alibaba one, two, six alibaba darn chinese stocks, there's so much of so much excitement about potentially a rebound here. Look at the alibaba's chart, uh rebounding very nicely from about 108 - has had phenomenal momentum here.

In fact, we can even kill the average candlesticks and still see very nice uptrend here last couple days, though uh beginning rotation to the downside, let's see: okay smile, direct club, another four percent on this one ouch airbnb 3.81 there's got to be news on airbnb uh. Beyond just omicron news, let's go ahead and look at airbnb to see what we have over here. All right, faraday's cage for uh, 5g airbnb, so faraday's cage is a phenomenon of losing service when you're surrounded by metal, uh or being protected from electricity when you're surrounded by metal, which is kind of like totally ironic. But anyway, you can put your phone in a microwave, don't turn it on and test faraday's cage for yourself, okay, so airbnb downgraded to hold from buy at gordon hasket uh downgrade downgrade downgrade price target cut to 172 dollars from 216.

airbnb scene, hurting from omicron and Increased competition, interesting uh: it isn't really that much competition to airbnb, maybe from the hotels. I always thought the hotels would really get in uh to more of a an airbnb style model. But then i guess that's really just renting a hotel. I do want to understand a little bit more about the 5g rollout here.

Trade association representing major airlines asked transportation secretary pete budaje to prevent wireless carriers from implementing 5g services close to airports. Airlines for america warned in a letter monday that traveling and shipping that the traveling and shipping public could see catastrophic disruptions if new c-band frequencies were put into service within two miles of where aircrafts fly, the association said it was willing to work with the government and Carriers to find a mutually agreeable solution, uh interfere with instruments that measure an aircraft's altitude. Well, that's not good! You got ta, have the altimeter working, otherwise, you've got big problems on planes, uh jeez, i'm surprised, but okay, chief uh, let's see here, uh there'd, been very little transparency until recently in the data behind the decision to roll out 5g near airports, faa granted approval sunday That will allow some jetliners to operate within zones where new 5g wireless had been used. The decision permits a landings during low visibility of as many as 48 of 88 us airports with equipment for such arrivals.

I wonder if this has to do with their their autopilot systems. 3.5 gigahertz c band. Hmm interesting, all right! Well, some form of uh frequency mismatch there all right! Let's see here, oh and uh, i do want to see how uh pre-markets are moving here again. So let's go on over to cnbc yeah.

Here we go so nasdaq still down the worst down 1.48. Let's look at oil, ooh brent's, almost 90 dollars now so pushing higher than what we've seen about six months ago. In fact, can they give us a chart over here? Let's see here, okay, never mind uh, seeing we see this there's not one alone, no problem, then oh there we go all right, slow load, so here's the one-year chart yeah this is this is what i remember here in october when we ran to about that 85 Level, we've now eclipsed that, but look how quickly oil can drop, although really this right here folks, this was the omicron right here, so we were on an uptrend, but omicron was really what would put the brakes on uh the sharp brakes on this, and we've only Been recovering as omicron has become less scary or fearful uh, let's jump on quickly to nyt and see what we got here. Hmm omicron may be peaking in parts of the u.s, but hospitals are still strained.

Yeah. The the peaking in the u.s is is really uh. Darn i got ta log in again, uh is really what uh is, is so exciting uh about uh about covet, hopefully coming to an eventual end here and uh or kova just becoming endemic, where it becomes another form of a uh, uh, essentially cold virus. Hopefully that would be best-case scenario end for omicron or or just covet in general.

So it's remember - and i know it's weird but remember that the hue, the uh human coronavirus, which is different from the sars kobe 2 uh coveted virus, but has similarities that four strains of the human coronavirus are actually what caused most of our common colds pretty wild. Anyway and hey, we don't have uh, we never got a vaccine against the common cold. You know, if you think about it, it's kind of weird but uh. It's also true.

The only thing you get is a flu shot. That's like 40 to 50 effective once a year, and it's only for flu season too. It's not like you. You end up getting a uh.

You know four or five different booster shots all year round to perpetually stay protected anyway. All right so hmm, north korea says it tested two tactical guided missiles stock set for cautious huh, okay, yeah, we'll see we'll see um at this point, sell-off in uh in in stocks and crypto has really just been uh. In my opinion, this this wonderful and continued opportunity to uh to buy uh and so we'll go shopping again today, probably tomorrow as well, uh, so they're, just some wonderful, wonderful prices and really, i think one of the things to do is compare to the may levels Of pain that we've seen so, if we go over here to the day chart, for example, you you're really just revisiting the the the lows of well. This is may right here.

We actually did on end phase, for example, hit some of these lows in october, but uh may lows: we got to about 120 in may just really peak pain over here i remember buying it for 120 dollars and then running out of cash again in may, because In may, i also went into margin buying the dip, but i ran out at about 120 and it fell to 108 and i'm like ah but uh. It was was a great time to buy certainly way better time to buy than when all the euphoria was here and everybody wanted to buy stocks, but uh yeah. I really believe comparing back to uh to may is is a wonderful opportunity. Uh and uh i mean but then again look at look at the pain you had on on roku roku.

You went over here to uh to my goodness, 290. The thing's at 160 right now substantially lower a charge point. Oh my gosh we're under 15. Now, we've always bounced off about 1970 on chargepoint gee whiz, some real rotations here, docusign back to 130 dollars, despite its low of about 179 in may, so we are substantially past uh.

Prior lows, i mean here was your may low at about 1750 on palantir, now sitting at under 16 wow uh, absolutely incredible solar edge! Wonder if we got similar ah come here. Stop it there. We go solar edge, uh solar edge higher than its may pricing. 203 sitting at about 256, now all right, let's go ahead and get the belt as well yeah.

I think that's important, because i'm not saying they're too faced at all carl. I am saying that there's a soft touch here. Yes, you should be caring about it. Yes, it's part of capitalism, but he's not saying that and if you want to know what gets this thing going, you just say: listen.

You know folks yeah, you got to be happy about that. Okay, look! Look at all that red! Okay! If you are buying stocks and you're like no man, my portfolio is going down. This sucks man come on man, everything's going down like it's, not you! It's them! Uh! It's it's uh! It's really incredible! I mean it's everything so uh and when it's just everything uh you know like this is when just fear gets perpetually worse and it's by time. It's shopping time.

Look at this s, p 500, pushing red at the open here, uh where's, tesla! What's uh, what's tesla doing that's the little red of the open, tesla tesla, actually trying to go green at the open, uh cardano down 7.41 after rallying over the weekend trade desk rotating down 72 dollars? Now, oh, my gosh cloudflare drops at the start. You know it was 25 minutes ago ish that i said, oh wow, you know rates up this much and cloudflare's only down two percent, and then the market must have been like you're right kevin. Let's fix that five percent. It's ridiculous! I mean palantir here as well.

Trade desk here as well. Four point: six: six: oh oh dirty dirty! How could you do it? How how could how could the rob of the hood continue to go down like this, the the rob i can't even click the gun. Look at that, the hood of the rod rob just continues. It's robbing it's it's dirty! You can't! You can't escape the robbery.

Uh activision blizzard's uh blizzard dropping uh from its uh from its pre-market high of about 37 percent. Now only up 31 percent uh dwack. Actually, up 355 at the open track doing well blank charging up 1.1, not much green, though almost everything red and unfortunately, looking like it's rotating down rivian down 4.3. If we go ahead and throw in a lucid peak here, loose it down, 5, all of a sudden red candle sticking there right at the open, uh tesla tesla rotating right back to red uh how's baba yeah rough rough, open here, baba's trying to recover down three Point six percent getting a little bit of green candlestick.

So fine, oh, my gosh! So far, is that 12.72? Oh, oh! A firm! Is that 666. not to be confused with 666. no 66.60 arc? Oh, my gosh rk is under eighty dollars. We're going to change arc k to archaic, no bad joke, uh nasdaq, down 1.71 blend labs: oh yeah, ggpi, 1130 paypal, oh gosh, it's all red! It's all dirty! Oh, my gosh matterport is actually positive.

Oh my gosh matterport's up 0.75. That's it that's crazy! Uh! I wonder if that's because of the activision buyout and maybe some thoughts that uh matterport could potentially get acquired as a metaverse play. I mean think about it entirely possible. It's gotten so cheap, so cheap great company, all right, so payne welcome back.

Let's go to take a look at kryptos here so bitcoin at a low on the 30 minute chart. Here we go to the day chart. It looks like if anything we did nothing over the three day weekend. Let's go to the one hour chart yeah, look at that so three day weekend started here friday, afternoonish and it's pretty much been straight down over the three day weekend.

That's kind of boring! That's that's! No fun yeah! I think the ark has sprung a leak. Oh dirty ouch yikes, hey yikes, oh yeah, yeah! You know it's bad when amazon is down two and a bit. Look at that 2.6 on amazon, 2.6 on google, now you're. Finally, getting the the megas to rotate down yikes, let's sort by market cap here - oh whoa, all of them are red, i mean even home depot is down 2.8 percent.

I think it's just bank earnings bank earnings are like yep nope. Don't don't you think, there's going to be any safety in non-tech everything's going down, the entire ship is going down we're going to zero. That's always the fear. When the market rotates down everything's going to zero tesla's going to zero apple's going to zero.

You know technically things went to zero uh, which they usually stop at a penny, but technically, if they went to zero, that would mean you got wiped out and even if it all rebounded infinite percent, you you'd have nothing. But that's. Okay, usually there's a hard stop at a penny. Your shares got to be worth at least something uh.

That way, there's always still hope. Oh, it's bad yeah uh! So, okay, well continued rotation down. Here it's almost like it's almost like the cryptos ex started, accelerating with the bell here. Five minute chart right here, yeah a little bit of an acceleration there on a decline as the market opened for uh stocks.

Sometimes that happens. The stock market was wasn't doing that badly and uh all of a sudden. It went back to doing badly. In fact, if we go over here to the covers, oh yeah, look at this, so uh we've definitely rotated down more.

This is still not updated from friday. Right here, the rust 2000 - so don't don't think that one's green, it's going to be red, but anyway, nasdaq almost down a full two percent, as the s p is down. Uh and dao are both down about one and a half percent yeah kind of got ta price that foot in the foot of the of of the fed uh so yeah. If you're wondering how low something can go.

The answer is one penny that, as as we've just discussed all right, so let's see here so we talked about activision. I honestly love that it's 69 billion dollars like these, these these guys got some humor guys and gals whoever's running the show over there. You know, what's even more crazy, is they're buying the company. That's tied up in the crazy sexual misconduct allegations for 69 billion dollars.

Like is this real? Did i just wake up in the metaverse or something where children have taken over you? You buy the company with sexual allegations and that has been selling off for sexual misconduct, allegations for 69 billion they're trolling us they're, literally trolling us, oh, my gosh, oh yeah, yeah, okay, uh! So, let's see here might finally buy kevin's courses with the last dollars left. Your name so you know just this. This weekend i was spending quite a bit of time recording for the new path course. It's really fun.

I wasn't expecting to to like it so much but uh we've we've got just hundreds of submissions of scenarios from from y'all and it's it's really interesting to see the diversity of all those of you watching i mean uh, i mean so many scenarios from people in In there - and this was unexpected - i mean i was expecting lots of scenarios from people like between 18 and you know 45, which, which there are many of, but so many scenarios from people who are 52 65. You know close to retirement is really incredible. So phenomenal scenarios that we're going through uh that's in the path course that's in pre-sale right now, and that comes out at the end of the month, which is really cool uh. The price doubles once it comes out, but anyway, blackrock ceo, says stakeholder capitalism isn't woke.

Ooh yeah got ta, get it defend. Capitalism from the the lefties; oh no be careful. Uh shipping companies uh uh this. This was interesting, although i should make me log in again.

Of course, it is all right you logged in here uh. I think the problem is oops uh, but definitely push the wrong button there. The problem is: i'm on chrome today, instead of safari yeah, that that is what the problem is. Ah, whatever we'll come back to that, it's not so important all right, fine, then so! Hmm wow just pure pain.

Okay, let's see what the biggest losers are right now so activision's not holding on to that 38 percent, that it had. Volatility is up at 21, vinco and dwack. Moving on momentum, uh, not much green. If anything, we've actually now had.

We have, we now have less green, so we've lost more green in the market. Here, wow, that's incredible: uh buy the stocks in psychology money course it's a gun. Oh that's awesome! Where do you submit well when you sign up for the path course? That's when you submit a scenario and not everybody gets a a it's i'm using them, as templates for making sure i address as many scenarios as possible. It's not like it's supposed to be a personal financial advice review.

It's it's not that at all, it's uh uh! You know i'm trying to choose as many scenarios as possible and then uh, giving them an opportunity or creating opportunities for everybody to uh to have a uh uh something similar to their scenario and then, as you go through, it kind of get educated on. What would kevin do in these various? You know different, probably 60s different scenarios, or so anyway, goldman sachs, oh my gosh, okay, an eight percent decline in goldman sachs. That is incredible, so uh it was down about three to four percent of the pre-market, but eight percent on a bank. This you know what this really shows is.

It shows that you've got a lot of uh fear that is now broad-based that there is no safety in this market uh. That's really what you've got here, i'm 100 years old. Should i put the rest of my savings into piton with a yolo, no dell computers for you, steve wow, it's wild! So a tiny little bit of spark of green coming out of uh goldman sachs here but 8.3 down on goldman. That just again shows broad based fear.

Now it's no longer tech folks, it's everything gap down six point: four percent: uh lucid robin hood, riven down more uh that the pain just continues: uh monday.com, palantir expi, all of them down now three to four percent. You know, i think i jinxed it uh. I i shouldn't have. I shouldn't have said that uh the market was only down two to three percent, not that bad uh, no yeah the market has now started catching up.

It is going to be that bad where's, coinbase 222 wow getting back to lowe's here, sofi wow. These are some incredible numbers here: incredibly low numbers uh, i mean again a year old of numbers here and there's neo again try still holding on to 30, though i i mean we're way past a lot of the floors, it's so wild for a while there uh, We were what was it about a month ago, yeah about a month ago, two days ago, yeah today's the 18th. So, a month ago, on december 16th, folks, we were starting to identify some floors, but the market just kept going gotten, really really bad and and the floors that we had that the temporary floors we had driven or drawn were uh forty dollars on lemonade. The thing is that thirty uh 34 now docusign was 140, the thing's sitting at 126.

Right now. Oh my gosh, so lemonade get killed, docusign got killed, so fi had a floor of 14 and these were actual bounces during the pain in december uh, not just numbers. We pulled out of our butt and uh. So far is now at 12.74 beyond me was a 62 to 65 dollar floor.

It's still within that floor range so that one survived cloud flare was 129. The thing's like 98 now 96. Oh, i'm sorry, uh end phase totally fell off this cliff 180 sitting at 139 right now, robin hood, oh my gosh, almost laughable at this point 18 for robin hood, the thing's almost that they're gon na break 14 is that 14.58 a little bit of a rebound By the way on the candlesticks, based on what we can see here, 21 to 22 on matterport, hey matterport is actually up 1.72, but it's still at 13.57, so that one got smoked. Piton never wrote down a floor on this uh, but uh thirty dollars, so it just kept falling carnival cruise line is 18 that one's still above paypal 180.

I know it's below that, oh, but not by much 178, actually leave that one. A firm, oh yeah, forget about a firm 192 down to like sixty seven dollars. That's a that's dead, toast, t-o-s-t uh! I had it written at temporary floor at 30 way past that holy smokes 24. draftkings 26 dollars, draftkings dkng dkng.

Oh, my gosh 22 dollars smoked right past that too zoom 175 and it's at 158 wow wow, wow wow. Somebody says if nancy's holding so am i yeah, that's great omg. Anyone else buy ribbon, puts at 115 or higher yeah good good for you. I love that in retrospective time everything is temporary, even floors, yeah no kidding no kidding.

I do love what it looks like a little bit of a rebound here. Folks, a little bit of a pain, rebound yeah yep. Look at that. Tesla was down about two and a quarter.

Spy was down about one and a half, ah spy's still uncertain, which way to go here. Qqq seems to be the one. That's rebounding now arrival little rebound hood a little bit of a rebound lucid a little bit of a rebound. Let's see: arkamoto arkamoto's at seven dollars.

Oh cardano selling off more down 9.6 right now, amc down six percent baba recovering still down three, though trade desk down two and a half pounds here: two and a half nvidia two and a half firm, two and a third end phase two in a bit: neo2. Okay, little bit of sanity left in the market to buy the dip. That's good is anything actually still going up. Dwack you got ta, give it to dwack 75 bucks.

It's not bad dwax held on not from its tops, but still all right. Okay, let's see here oopsies there, we go all right. So, let's see here, how are those bonds moving cnbc, okay, yeah indices, bad bonds, really stuck at about 1.83 right now on the 10.? Let's look, though, at the two year, because i think the two year finally broke one percent. Oh my gosh, it did yeah look at this folks.

This was one that was really stuck at about point nine for a few days and uh boom is the drop transitory. Yes, yes, there's there, it is how's the nancy's pie, doing yeah it's rebounding a little bit this morning. Oh yeah yeah. You know the matterport lockup was only 17, so it's a little surprising that there was so much pain that came to matterport for a 17 uh.

Assuming even everybody wanted to sell but uh, i suppose, as the market's rotating down, everything goes to the pain that voyager digital down at nine dollars and 25 cents. Some of these prices - they just seem remarkable, yeah, golly, all right um, depending on obviously how long this goes. Uh this sort of pain there there's uh. You know a lot of thought about uh, limiting uh, shorter term calls shorter term calls are gon na get mostly wrecked in this short sort of pain.

A lot of people, though, making bets on uh end of 2022 calls uh beginning of 2023 calls so september to january lots of calls uh good goodbye, the dip kind of calls it's the uh one to two months, those those are getting wrecked. Certainly the weeklies right now, unless you're getting weekly puts my gosh, that's probably where the attendees are right. Now just weekly puts uh, but the question always is how how long does that last uh? It always seems like. I see this in the comments all the time.

It's like, oh as soon as i buy, my first put it rotates. Everything goes back up, it's just sometimes classic how uh timing the market is. You know i saw something funny yesterday. It was uh time.

Is i've always said with options, sometimes that something that's frustrating with options? Is you have to time the market twice right? You have to time your your entry and your exit uh. Somebody mentioned something funny about timing. The market with with shares they're like ah, but with shares you have to time the market three times you have to if you're gon na sell, because the market's falling you have to time when to sell what to do with the money in the meantime, uh so Time that, because you know, unless you're just going to leave that in cash and then time to re time when you're going to rebuy, this is kind of an interesting perspective. Sort of the triple threat, uh yeah er - can be kind of fun.

So call lee all right pain continues. So what what else we have? What what on the news front? Let's, let's go explore a little bit hold on. Let me try so far yeah. Here we go.

Okay, let's see what news we have oh, never mind. Oh there we go okay wall street journal. What do we got over here? Texas and arizona have recovered all the jobs lost when covet hit. Wow uh goldman sachs sees profit dropped.

13. Hmm giant stock swings kickoff, 2022 yeah, you don't say oil prices reach seven year. High on geopolitical tensions, palo alto schools stay open thanks to parent volunteers, parent volunteers, in palo, alto, okay, houthis fired a barrage of drones and missiles ugh that doesn't that's just no good. All right, let's see here, oh yeah, chamath didn't make such positive comments.

Uh on on his podcast over with the wii gurus, you haven't seen that essentially, the drama is that he said it. It's caring about the wegrews is below his level of what he pays attention to in the news. That's not going to be something that ages too. Well, he had some good opportunities to try to like soften that blow too, but didn't take any of them.

Uh. Oh well, so look at this one three reasons: the red hot housing market could go. Oh, it's a video uh, but those increases are expected to slow in 2022 due to a number of factors. I don't really want to watch a video right now, oh well, watch at a different time.

Probably i mean certainly rates rates would definitely be a headwind. We've already seen mortgage rates pop a little bit uh, although the question is how much longer are those going to pop i'll pull those up? Really quick, get the zillow mortgage calculator. Let's see if i can pull that out, yeah there we go, take a look at it on the one year. So if i pull up the one year by pressing these buttons uh oop there, we go there's your one year on mortgage rates sitting at 3.35.

If we go to the one month, we're or even the three month, we do see a little bit of an inflection down from that peak of about 3.5. Now the 30-year 30-year fixed-rate mortgage seems to follow the 10-year treasury a lot but uh not not a guaranteed. Like for like there, okay, how about financial times, what do we got over here? Let's try them financial times, so u.s treasuries priced in four rate hikes. You know the feds only told us three, so maybe there uh maybe there's potential for some good news unless of course they go for the four and it just creates more bad news.

It's also possible all right. Let's go back to the sticks here, see what's what's left housing's gon na crash, oh, no, the only the only safe haven in my portfolio is housing. Don't say that no that's, okay! Finally, we buy the dip opportunities in real estate. It's been long enough long enough.

Wow, look at this dwack nine percent folks roblox. Actually up now one point uh five-ish percent here, actually a lot of things have turned green. We were at only about one page of green and looks like now we're at two two and a bit pages of green here. So uh some of the pain seems to be finding an outlet here.

Let's go see: tesla yeah tesla's only down by about half a percent right. Now, that's a that's a pretty big recovery from that about two and a half percent that we saw at the open robin hood slowly, recovering still down 3.8, a firm slight recovery here as well lemonade kind of still at the bottom, just under 34 backed holdings wow. This thing was such a meme for such a period of time. It's almost at five dollars.

Oh loose it down. Four percent nvidia trade desk keep hitting solana here there we go a little recovery there and pound here: small recovery, trade desk, nvidia 261, not bad. No bad place to enter same with en phase neo arcs arc still down 1.8. Also recovering, though corsair has trouble going under 20 dollars.

Let's zoom out to this thing, it's really been sitting at that 20 line for a while here i think i drew this uh line by the way as a potential breakout line to test uh to test. When is it time to go in um anyhow, roku is actually green golly that one got smoked: matterport yep, ouch, tattoo chef 14., anyway uh. Somebody here says: regarding 5g affecting aircrafts, it affects radar, altimeters, special kind of altimeter that is used for low visibility, approaches and auto land. Ah, so it is like autopilot interesting, interesting, okay, so it has to do with uh low visibility approaches.

So this is like when you do the uh, what is it uh instrument, flight rules, ifr ifr approach and you get the uh? Basically, the the you pick up the signal from the airport uh that then auto lands for you, but only the larger airports have this. Like the smaller airports, don't have the auto, that's cool. Oh you just bought end phase after watching me talk about it for a year. Well, i think you're getting in at a great price.

You know i feel like this is. This is where you just have to be the uh, the sales, the the stock sales person. You know, hey, we got the biggest sale everybody come on in. We got the biggest sale over here we got end phase at 140.

uh. We got peloton at under 30.. Don't get the bike get the stock? Okay, you get amc for under 20 dollars arrival. You can arrive for only six dollars and 37 cents tesla's still going to cost you a pretty penny.

That's still going to cost you over a buck, a uh but uh. If you want to buy now pay later, you can get that for a low low price of 66 dollars here and stay away from the rob of the hood, because they'll still keep taking your money. But if you really want it to get it only cost. You 14.72 here uh google google's been been coming.

You know slowly releasing the sale at 2700, but but uh still still got a little bit of prices. A little little kick in that one left. Oh my gosh get our low low price guarantee it'll only go more. Next week, oh my gosh, oh man, uh yeah geez.

Oh, let me tell you about my friend kathy, oh dear yeah, geez wow, okay, you know, i think i think that's that we got to end it on on the uh on the sale. There note all right i'll see y'all later in the course member live. I got ta go.