Hey everyone welcome back to another market, open live stream, so we got some fun things happening today, crypto testimony in congress today, digital assets and the future of finance is the headline for the u.s house financial services committee. Hearing uh and we've got lots of optimism for uh for stocks heading into a cpi print on friday, which we expect could be the worst in 30 years, uh that seems a little wild, but uh hey. You know what we got: a hello kitty, coffee cup here, half a mug and uh, maybe we're just blinded by a lot of stocks. In the meantime, we've got a little bit of a drawdown in crypto ahead of this uh financial services.

Meeting. Take a look at this here's bitcoin sitting at uh 49.77. Sorry about that all right, uh, so uh bitcoin at 49.77, then we've got uh. Let's see here, hud 8.

It looks like we're turning a little bit red here in the pre-market and we have ethereum holding that 4300 interesting, how bitcoin no matter whether it's bouncing between fifty six hundred and fifty eight hundred or forty, nine, i'm sorry. Fifty six thousand and fifty eight thousand or forty nine thousand and fifty thousand consistently right above a 4k. It's like getting ethereum under 4k is is a blessing and a treat. That's really incredible: uh dogecoin sitting at 17., let's uh take a look at some of the pre-market action here.

So free market we've got pay, save moving up 9.3 percent coming up from uh, really the grave here three dollars and sixty cents. This was a spec, a spec that moved off of uh off of ten dollars to. I think it was eighteen dollars at one point and fell all the way down to where we sit now around three dollars. Look at this roku finally, getting picked up.

Finally, look at that a little bit of a move by roku here this is uh. It's the first time, we've seen a u-turn by roku. Really since november of 2020, that's uh been down down down on average since then, now we're pricing at november of 2020. Pricing dave and buster's up 4.62 percent uh well.

This is after earnings yesterday that were pretty darn good, a little bit volatile yesterday in earnings, but uh still pretty good robin hood at 2329. Right now about 2.46 percent, then we've got uh expi world, so expi real estate 1.83. Some modest moves over here, corsair gaming, moving about a percent shift coming about percent and towards the downside we have uh arcturus. This is one of uh kathy's uh genomic place along with chargepoint, so arcturus down about seven and a quarter charge point four point: four gevo: it became a massive momentum stock.

I can't remember, was it earlier this year might have been earlier this year. I guess we could look. It is a biofuels play that airlines could buy essentially a special blend of fuel from so that way they could say that they're, environmentally friendly or whatever. I think, a lot of the esg investing which kathy wood is announcing.

A new etf for social transparency and i think, a lot of the esg trend. Investing is, unfortunately, very misleading, but anyway uh you can see. Gevo really ran here in january and february, ran all the way up to 1557, that that came off of, like a dollar, came out of being a penny stock, but did rotate back down about 457 now up again voyager digital moving a little bit here in the Pre-Market and along with hippo uh, then we've got hud eight yeah. We saw how to eat already yeah metaport down about a percent rivien 115 etsy about half percent cloud flare, a third to the downside, lemonade about a third tesla about a third uh to the downside, trade desk down about a quarter after uh some larger days.

Yesterday. Okay cool, so let's take a look at what's going on with bonds, and the indices in general did get some news. That pfizer believes their booster will be uh very useful against omicron, though a lot of folks expecting that uh, even the booster, will not be uh as effective, but uh. Let's take a look at it.

Roku reaches multi-year agreement with google to keep youtube on streaming platform. Well, i mean if roku is moving on, that it seems weird to me that was the market really pricing in that they wouldn't reach an agreement to keep youtube on there. That just seems like it'd, be bad for youtube as well. It would be bad for both of them, so many kids watch youtube now uh and i don't mean, like i mean, like literally like three four five six seven year olds.

It's all they do all day, long beyond meat taps tyson food veterans as it prepares for a fast food growth or prepares for fast food growth. Next year, okay, beyond meets another one of those that's really followed. We should look at short interest on some stocks. We've been wanting to do that, so we might as well do that together and what do we got here? Indices up slightly about 0.14 on the down? Nothing like yesterday, 0.15 on the s p nasdaq 0.08.

This could easily turn red today. This could be an easy read today. We're we're so nominally green that it just would not shock me to see a little bit of a u-turn uh coming out of the gate, yeah. Maybe some profit-taking, who knows all right, we'll see? Okay.

So let's look at bonds. Almost back to 1.5 on the 10-year treasury, wow and oil, almost to 76., just a full-on recovery from the drama that we've seen with the exception here, bitcoin dropping, let's go look uh, do a quick hunt over here and then we'll do some short interest looking. How does that sound, so 48, 953 right now on btc? It really feels like it is pulling back to uh what i was talking about yesterday, my crypto video pulling back to its 46 line, uh solana rotating down a little bit: five percent tara luna. Four percent - hmm decentraland, it's 364 and axes sitting at 107., how's um sandbox watch the sandbox sandbox sandbox there.

It is 511. yeah, really think this one's going to continue to trend down until that game's over uh. Until the alpha of the game is over a lot of that euphoria, okay pull up some short interest here. We haven't done that in a while that'll.

Take me a second pull it up and we're going to go through some of the pained stocks. We'll see what we've got uh in the meantime, we could listen to jimmy boy here, freak out. It's 909.. We just got that we might, that should be 902.

It went for the fact we just saved the world with dr porter very large market cap. We do tend to focus on things with bigger, bigger numbers. I know, but you know 16 and it didn't have a lot of people like a lot of people. You want to do that's closing in on three trillion here: uh up in the pre-market all-time high yesterday.

In september and october, though, iphone 13 production did fall short of previous plans, that's according to nikkei, which is citing people directly all right. We're gon na pull off this and let's go look at short interest, so we can do this together. This is the s3 partners block cap and we're going to go. Look at some uh stocks.

We're going to look at here so short interest on what we got here. 30. Okay, tattooed chef folks is 31.8 percent short 31.8. Let's do another one corsair 24.01.

It's actually gone down a little 24.. Oh just yeah, one all right, lemonade, yeah, we'll look at lucid too, so, lucid! 7.63! That's not that much lemonade! 32.7! Let's do i got a list here that i want to look at so far is only 6.72 visa. 1.43. Oh body, a lot of people have made money i'll shorten that one.

Only 6.7, though how about beyond 38? Oh my gosh, 38.78 uh. Okay, how about roku roku is only 3.98 hood. 5.59. Let's try paypal! These are low.

It's really just some certain smaller caps, yeah paypal like to nothing in terms of short oops. It's supposed to be a firm and uh firms only about five percent win. Let's try that one ooh docusign would be interesting to see win 6.53. Let's look at doc! You wouldn't pound here, no only 3.25, weird 5.13, no, not a lot of short interest on some of these others.

Here it's really just uh! Oh, what about peloton that one's going to be shorted at least 15 wow, i'm wrong? 6.79. So really it's tattoo chef, corsair and lemonade draftkings. We could try it draftkings 11.38 square 10.56. Oh yeah workhorse is definitely highly shorted.

30 percent go ev, that's another one! Twenty nine point: four percent: let's look at archimoto. This is where they are the big boys. Thirty two point: six: five percent yikes rivian, probably too early well, three percent oatly only um four percent and shift and i'll pause on this 24 on shift write that down okay, cool. Let's take a break on that.

I think it's exhausting all right. So, let's see here, let's take a look at tesla, because tomorrow is 12 9, which is when elon apparently says nothing is expected to happen, but i think people still hold out hope. I hope that something is indeed going to happen. Uh huh.

So where do we sit here? 10, 51 on tesla, a little volatile, pre-market? Okay! So nothing much going on over here. How about let's see leading the run here really is a roku on my google d, i feel like it's just putting putting roku back on the map. Hmm solar, edge, okay, cool, let's go visit the bloomberger and see what we got see. There's interesting different titles, see pfizer, says booster needed to fight omicron and cnbc says pfizer.

Booster works against omicron, i i don't know. Do they say that? So what do they actually say? Third dose of the vaccine may be needed to neutralize the omicron variant. 25 fold reduction in antibody levels versus the variant combined with the original strain, however, boosting with an additional shot raised, antibodies 25 fold, giving a similar level of protective proteins observed against earlier versions of the two doses. Okay, that makes sense it's interesting.

We've heard me. It would be very interesting to hear with the people who had the pfizer vaccine, who had first gotten it like that. The first four cases in botswana, if uh, if they uh, were boosted or if they were just uh. If they only had the first two or if they've ever had covet before that, that would be very interesting to me.

I feel like that should be news. Oh well, money manager says crypto is a tough contender for correction. Let's take a look at this so who who's the bear. Digital assets are the top contender for a major correction in 2022.

According to a survey, a survey done for some investment managers, 28 of all institutions surveyed, currently investing cryptocurrencies and of those nearly a third say. They plan to increase their applications next year, overall, eight percent of institutional investors surveyed, meaning all those who do and don't currently invest in digital assets plan to increase their allocations next year, stimulus environment, oh they're, blaming this stimmy yeah! Well, you know we still have a lot of cash. You know i was reading uh a barclays report yesterday and we've got somewhere around was that what 1.5 or 2.? No? It was 2.5 trillion dollars of excess cash still sitting in people's checking accounts and goods purchases? 1.5 trillion dollars higher than usual in 2021 above trend, uh, really incredible. I've not heard about intel making their own graphics card.

I did hear about intel potentially spinning off mobileye, though that is very exciting to me, because i've considered investing in intel solely to get access to mobile eye. But if you did that you'd only get like it'd be like one or two of every dollar you invested in intel would actually go down to that. So i'd be like. What's the point uh, you know you put 100 in and one dollar goes to what you care about.

That doesn't make much sense so, but if they're spinning it off and they're gon na ipo, it very interesting so watching bitcoin actually head back right now to 50 000. When we started the stream, it was at 49 pretty much even here and we were getting a little bit of a pullback up here. Look at that. It dropped down to 48.6 in the middle of the night.

It's always got ta, be the middle of the night and then people wake up and buy the dip all right. Let's see what what they're talking about with ribby in here. Okay, let's call it from a customer. So you then, in the cloud, go right to home depot and say i want trex boards.

I know if you use tracks yeah. Let me check, i know what you mean 55 of yourself whatever, and then you go and it's there for you. They put in your truck and then you're with the customer with the customer, i'm talking about a saving of maybe two hours why you can get another job in and that's what this ford deal is. That's why i emphasize it so much.

It's also interesting how it's all being sort of commercials. Turning into the tip of the spear on some of this stuff, which farley did talk about, take a listen. We want to be number one in battery electric commercial vehicles, it's the heart of our profitability and, as mark said, this is a a really big growth opportunity to take our battery electric vehicles create in commercial, create a cloud, but we have to scale the production and We have the opportunity to be the biggest the biggest commercial vehicle digital company with a great cloud service for our commercial customers. That's what we're going for! That's a cool fancy, fancy kind of cool, just own, a ford and a lucid, a rivien and a tesla.

That way you could like compare the technology and that way you can know which stock to invest in uh. Somebody wants to know my thoughts on. I buyers. Uh, like redfin, or no longer zillow but open door.

You know they've been on a substantial downtrend and i think it's just because of fear that interest rates are are potentially going to rise and then make the real estate market more competitive. I don't really suspect that interest rates will be so darn painful, but the market certainly does right now and that does make investing in uh open door redfin a little bit more challenging. I think the bigger concern, though, is refinances are plummeting yeah. It makes sense because everybody's already refinanced everyone's already got their money, and now, with rates ticking up a little bit yeah we'll see, we shall see uh.

There was a sign i mean yesterday or last week when we saw the bond deals on the 10-year fall. Mortgage rates were actually heading down, it was beautiful uh. They were going back down to some of the lows we had seen. Well, not quite, but it was heading in that direction, but uh now they're back up to 1.5 and uh yeah mortgage rates aren't going down anymore.

All right. Let's see here my eevee garage here you go okay, so what else we got? Let's find out. Let's see what else is out there all right, so, oh, let's get the indices too, really quick, quick little snapshot here we got nine minutes to go. The indices are barely green.

This to me is a setup for a red day right here, we'll see maybe a hot pink day. I don't know, maybe even just a faded pink day. Economists predict taper of the fed bond buying to end in march ooh new survey. Hey look, that's the color of my hair.

The federal reserve will end its bond buying program by the end of march and raise rates soon after, according to a poll by leading economists. For the ft, the latest survey conducted in partnership with the ft by the initiative on global markets at booth marks an abrupt shift in economist expectations. The responses underscore how swiftly the economic situation has evolved. More than half of the 48 economists polled said it was somewhat or very likely that the fed would hasten the withdrawal of its stimulus by several months, bringing a complete stop to bond purchases by the end of march.

How likely do you think the fed is to cease those purchases by the end of march somewhat over 60, chance 47 argued that very likely only 9 about, as likely as not so a lot of people here in the middle i mean, if you took the the 50 50 to maybe 70 percent group you're you're sitting somewhere. What is this uh? 3 50. 70. 70 percent of people of economist 70 of economists that make sense quicker pace could enable the fed to raise rates yeah we're expecting that forecasting a rate rise in the second quarter.

See. I wonder if jerome powell is going to do the same thing he did in 2018, where he started, raising rates too fast, hurt the market and then and they had a reverse course. That is what happened here. Look at the uh spot.

We've talked about this before it's worth a quick little refresher go out to the day chart on the spot, go out to hours 2020. Here we go and 18.. Oh weeble doesn't like this. We will lag.

Oh my gosh weeble frozen. Oh that's sad! I'm sorry that scrolling on the s p gave you heart: palpitations weeble, oh man, all right, never mind, there's a little dip in 18.. Okay, there you go. Oh man, there we go okay, so six minutes to go roku's running on the google news.

I really sometimes think that's just because people are paying attention to it. A little bit more uh trading view went down yesterday with amazon. Could you believe that, well at some parts it did okay arcimoto about three percent of the downside. Lucid two point: two: eight percent in the video one point or three nineteen peloton just down a percent.

Again, that's peloton! 41 bucks! Oh it's getting hit hard! This is such a weird move here: the divergence between ethereum and bitcoin. Really incredible. Let me see if i can overlay them, because it i i do think it'll be a very interesting chart. I have done it before so we're gon na.

Do it again, let's see lines one second, okay, now we're gon na compare! Oh, it always takes so long to do that. All right here we go yeah ethereum versus oh there we go. Oh that looks good uh and then let's do it in yeah. That's a good one! Okay hold on give me one sec, all right.

So here you go shout out to bloomberg for uh, allowing us to share the chart, but anyway look at bitcoin. This is this is bitcoin here, just kind of stuck uh. This is a uh, a factor return here, i'll hide myself for a second. This is a factored return, so it's it's on the basis of you know, 100, bringing 100 200 and so on, and so forth.

Uh but anyway, look at ethereum's run and and how it's just i mean ethereum's, actually got a nice uptrend here, whereas bitcoin's kind of been on this flat trend, it's kind of incredible and it just keeps getting it continues this talking about this last week too. It just continues this widening of the spread between the two really cool. All right, oh does weeble. Let you do that.

Let's see here if divided by bt. No, i don't see that nope. Oh well, okay, so we got three minutes to the bell. When do you think small caps will bounce well, some of them already are he's, got ta be paying attention.

Oh okay, weeble you're! Oh oh there, there! It is! Oh, that's odd! There we go okay, weeble, so roku almost 10. Now roku is having a little bit of a run here. How about upstart that one became a little bit of a trader stock again yesterday, that's up a percent. Today, it's nominal, but okay, at least it's not down tesla slightly uh and um.

What am i saying, lemonade slightly negative tesla's, slightly positive, not a lot of movement here, but nothing in roku should be helping single arc. Yeah 0.39 on arc arc back over 100 folks took long enough all right 90 seconds for the open. Hmm, let's see playboy rotating down tiny little bit 1.9, but how have they been doing? Let's see as uh yeah see out of the the spacks they've been one of the best honestly yeah and - and i know they've been through through their madness here, but for a spec to go from ten dollars and still be sitting at thirty six dollars. Pretty impressive.

With how much pain a lot of specs have been through uh, i mean matter ports at 26 bucks and that's even a pretty good one. You know lucid's another one. That's done obviously well out of this backland 43 bucks from 10, not bad um, quantum scape. I think is what mid-20s yeah 26., but they're just so many that have gone under ten dollars.

It's it's really sad pay safe is one of those. I know it's up nicely today, but uh. Look at that. It's down at three dollars.

You know hippos another one. Hippo three dollars and ten cents shift four dollars and ten cents i mean so many of them have just gotten whacked and a lot of these are great companies too. Look at that two dollars and 43 cents on body ouch all right. Let's get the belt down, any death was bad, but 50 000 deaths, which has been the average for the food for the last decade.

Do you think you get that low yeah? Don't you well, let's get to the opening bell here and the cnbc real-time exchange at the big boarded satellite imaging company planet labs celebrating enlisting via spac, we'll talk to the ceo in about an hour at the nasdaq information services group, a tech, research and advisory firm. Celebrating its 15th anniversary, a lot of um top picks for the new year - jim yes, including ge over at vfa, along with emerson and carrier yay, okay market, something so uh. I'm looking at the spy and i'm trying to see how it's going to behave here and so far it's tbd uh, so watching that one closely looks like roku is, is just added about another percent. It's about 10 percent right now: pay safe rotating red dave and buster's rotating red tattooed chef, rotating red neo, sitting at 34 neo's, actually going up right now, body flat, carnival uh, carnival, it's nice and green out of the open.

Here. Probably all the pfizer news docusign ran green, but now sitting sideways etsy coming back up a little bit 0.66. Let's see loose it here, falling lucid turning red charge point turning a little red quantum scape red up star. The traitors are bailing as soon as they saw that inflection point they're like see yo, they didn't stay in that one long.

There goes robin hood again, two point uh: what is this two percent? Basically, uh nvidia nvidia's down about two percent about three eighteen lemonade: one and a half percent something's worsening here. Yeah, look at that lemonade just dropped down a little bit more bitcoin back over 50 000 amc, one and a half percent doc. You signed down about one percent, a firm, that's not a firm, a firm ooh, a firm under 120, again juicy matterport down about 1.7. So a little bit of give back from yesterday's highs, uh arc.

All right am i seeing rk red here? Yes, i am uh. 99.30 again gave up that green and tesla down about point six. One cloud flare down about point: six two apple turned red a little bit. Roku is still going looks like the traders are going firm up start to roku ride, ride, ride that pony all right.

Uh-Huh somebody's asked about tattooed chef in a short squeeze. You know i don't really believe in short, squeezes uh. I do think that there will be covering if the price goes up, but you know the professional shorter short sellers. They tend to roll their their decisions.

Pretty frequently they don't diamond hand as much so i i don't know um. I think there'd be a lot of reshorting to to cover as uh well to basically make up for other shorts getting out. So i don't know. Oh, maybe the short interest would decline at some point in the future, but anyway lemonade uh lemonade was up decently.

Yesterday, it's up like seven percent or something like that. It did go down to all uh all the way down to about forty dollars uh on monday yeah. It was up. Let's see here, it was uh.

Eight point: three: six percent. Yesterday, it's giving back about 3.2 of that right now, lucid yesterday was up seven percent. It's giving back about four percent of that right now. Charge points slipping after earnings here.

Charge point was up five percent yesterday. It is now down 8.4 d-wack heading back down d-wack under 50 a.m. Matapor 2.58 to the downside. So a lot of the runners from yesterday creating a little bit of a potential new sale opportunity here, although a firm just bounced back over 120 roku stuck around 11 docusign 3 neo 3.

Let's go look at the minute here. There you go docusign's moving a little bit neo coming back up. Look at that bounce. We have a line at 4, 34, 28, and it just literally took this minute.

Candle stick and bounced off of it. I've had that there for a while see what happens. End phase 1.8 to the upside okay: how are the indices moving spy? I'm barely moving. It's boring, mr flat.

Here. Yeah stocks are flat exactly hey. They stole my word uh. Now, i'm going to steal their indicee accounts, uh dao up 0.13 s p at .09, nasdaq.

Turning negative up, uh or sorry down, rather a point point. One now over here on weeble, looks to me like the spice heading, potentially negative as well. So a little softness, potentially getting some new discounts over here - matterport, for example, amc almost under 30, again robin hood's, giving you another three percent off sale arc, uh back under 99, now roku pulling back a little bit um micro vision up uh. Is this right yeah? I guess so ten point: eight seven percent today.

No, no! No! That's why okay yeah it was glitching. I don't think i was losing my mind. I'm sure somebody else saw that that was yesterday and uh envis, actually down a little bit today. There we go now.

It's back together, embraer back to over 15. pay safe uh only up about five percent. Now, so that's pulled back a little bit. Um neo's even pulled back a little bit.

It's like the broader market, not jumping up and down about keeping prices a little high right. Now, well i see a lot of sparklines heading down here, a lot of them. Chargepoint smile, direct, lucid laminate, hud, uh, amc, matterport, these all a cloud flare. All of these guys down three to four percent.

Here we have exp down 2.3 coinbase down is. Is this the? Is this the beginning of the pain? Let's see a farm 1.6 and i don't necessarily see a big negative uh with the exception of cpi data, just be anxiety over cpi data and maybe rates, but the s p just went negative. Let me pull quickly, hear the oh. I'm live, let's see here.

Let me see what the institutions are saying: uh all right, let's see here, bank of canada could be teeing up an april rate hike okay curve, steep in wall of cash continues to boycott treasuries for their day travel and fun, outperform u.s future. No there's! No real talk about the market moving yet it'll come okay, yeah spy, just falling a little bit more now pop this up here, yeah. This is this is kind of what we suspected when we saw when the indices were only up 0.1. This morning it was a little bit of a time a little bit of a tell that uh, potentially there might be uh some selling so far, nothing terrible here i mean 0.14 on on the spy in google uh.

You know you do have apple and google coming off some some madness levels here, mostly apple uh, but tesla down another one point three percent, so five one point: three, eight etsy one, four four squares down: arc's down videos down all these guys down about one and A half percent lucid now down a full five percent with charge point down nine percent under 20. Again we do have a support level at uh 1970, we'll see if it ends up reaching that palette. Here, where are we with pounds here? 1910? Also down a little bit, okay, roku is still up, though bounced back to it's about 11 and what looks like is you've got some recovery stocks kind of percolating to the top here. Norwegian 3.8 las vegas sands 2.3.

Some people inves by the way just worth noting you heard it here. First, some people lately have been looking at att again. Att is very interesting because uh att is seen as a a as a very well. It's a delicious dividend.

It's like a nine percent dividend or something like that. Uh of course it's been been rotating down yeah. I see somebody here in the chat saying european indices down, but anyway, um 18t with a nine percent dividend. Some folks see it as a potential deflation play because of the dividend.

Now i know deflation's still probably a couple years off and then we might just print more money, but we do expect inflation to uh to be down to somewhere around two and a half to three percent by the end of next year. If, if not even more, which compared to what we're about to see this friday is expected to be a massive swing, i mean we might see 6.7 this friday, we might even beat that that's crazy. In fact, let me get the uh exact projection, because then we can get the month over month as well - let's see here so friday, friday and then, of course, after this catalyst, we, oh by the way, your pri, if you own real estate, your property taxes, are Due uh in most cases, probably friday, yeah - okay, let's see here so cpi, okay, it's actually now been revised up 47 economists surveyed of those 47. The consensus is eight percent folks, six point: eight percent for inflation, oh and the month over month, read is expected to come in at 0.7.

Now the last one was 0.9, but still 0.7 at an annualized rate. That's uh! What do we got there? 7 times. 10. 70, it's 8.4 percent all right yeah.

There goes recovery, docusign, dave and busters. These guys doing very well right now. Yeah take take a look right here. Look at that roku 11.5.

Nice bounce. Finally, getting a good, solid balance here: embraer six percent norwegian, almost six percent dave and buster's sticking on hold on that four percent, along with docusign uh tattooed chef 3.75, wins up about two and a half all right. I don't see things getting worse right now. Yeah there we go see that spies back green can't keep the market red okay.

Well, that's good! A little mini crisis averted yeah there we go these things on. The spark lines have at least stopped kind of free-falling like they were still got your reds for the day but uh it's kind of buttered out now. Let's see tesla um yeah tesla down about 1.2 teledoc, also about 1.2, so 5.9. Let's see 0.86 shift about 0.5.

Okay, all right, let's see what other headlines we got. Let's give this little refresher over here: yep nasdaq, down 0.14 down s, p, barely green, but they're, green, okay, okay, evergrand crisis is no lehman moment for the chinese markets. Okay, crypto fear and greed index is the latest talisman for bitcoin fears, ooh a talisman. I thought that was only in wow uh, but take a look at it.

This is what you could just google. It look at that we're in the fear yesterday extreme fear. Last month, greed, oh man, i love this chart you go out to the year and you can just see the higher. It is the more greed the lower it is, the more fear the federal reserve can't keep the markets closed or keep them red.

Yeah pay. Safe came back, the full uh 10 percent here is nope. Nine percent volatility index actually up a little bit today. Well at least at the moment.

Docusign and david buster well dave and buster's, almost five percent docusign shortly they're. Surely, behind how about our friend corsair one percent today and tesla's recovering also 0.84? I had enough little here, nvidia heading back up a little bit: uh, lucid and chargepoint brought back another percent or so x-ping motors down slightly not much right now, not much movement other than roku, really roku. On the upside. A little bit of give backs on the downside, but otherwise roku pay, safe, dave and buster.

Some of the recovery stocks build-a-bear still blows my mind 23 dollars, but it's very impressive. All right. Let's try to find something else here: let's go wall street journal, um keys to market strength, oh what you got hold on and then we'll look at. What's that, but wait a minute: that's not what we've got.

We do not have any recession coming. In fact, we have the opposite of a recession. We have the consumer stronger than they have been in many many years. That's why the market's holding up, because the balls keep saying we can hold up on the strong economy even with the fed raising heights.

That's the raising rates, that's the case. The fed raising rates is not great, but we're 25 basis points right now in the fed funds rate. If we go to 50 75, or even as some might say three times next year to 100 basis, points um, that's aggressive, but that's still low and when you've got the economy with this kind of strength, that's what's important, but the s p is trading for 21 Times 20 22 estimates that is high. We would be nowhere near that we would be way lower.

The market would be way lower would be 20 25 lower on the s p, if there was any signs we were going into any kind of recession, that's the key. So carl, the key now that's going to if we continue to get data along the lines of pfizer, the story is going to switch very quickly from omicron to what is the strength of the u.s consumer in 2022. Right now, it's terrific! But by january, if that data holds up for pfizer, that's where the story is going to be. What's the consumer going to be like in 2022 carl back to you thanks uh bob as we go to break here and watch the dow try to hang on to some gains, let's look at treasuries and see how they're faring obviously day three of rising yields got The two-year back to 70., the consumer in 2022, is gon na.

Be everything i really wonder, really really really wonder if uh, if, if we're gon na see good purchases go down, people are gon na spend less money. I just don't know uh, you know if uh people got so many dollars, sparkline's rotating up again now for more stocks than i saw before. Look at that norwegians now, six percent dave and buster's at 6.8 percent spirit at five docusign 4.6 carnival 1945. Let's go uh-huh shouted out that trade last week when uh carnival was in the 17s, it was higher in the 17s, but i thought we were probably gon na see a nice rotation back to uh over 20 here on carnival and uh.

It's kind of coming now. Uh we just got ta wait for. Oh look. The neo just go green, we're gon na get hood up.

Oh a firm, just went green, oh the green's back. Oh the little dip is gone. Uh charge point lucid, no yeah, robin hood's still about two and a half percent down still that weight of uh shares getting delivered. There point eight six percent on tesla in nvidia slightly down about one percent, yeah all right.

Nothing super exciting right now: uh drew's up 15 on embraer. Oh, i love that one good for you uh. Let's see if you wanted high growth, let's see here, xspa high growth with large rep. Let's take a look, let's see here, xspa express spa group.

What do they do? They do. Health and wellness company provides airport, spa, chirotherapy compression therapy, salt chambers? Oh that's i i don't know if you know that's a business model. I love but uh. Look at what you got here.

It's got a hundred million dollar enterprise value about 200 million dollar market cap as of september they're, expecting to make money next year about 21 cents, they're they're penny stock they're a buck 77.. Hey! Look at that 177 divided by wait, uh yeah, divided by 21 cents. Next year, oh that doesn't seem terrible, divided by 0.21 yeah, it's trading for eight times 2021 earnings problem. Is it's tiny, so a lot of risk and uh? When you look at the growth percentage, i mean it's probably too small to really look at it.

It's really going from 51 million to 95 million to 125 million small company actually growing into uh into a into a company. That's interesting airport lounges! I wonder if that trades is like a recovery play too that'll be interesting. Well, thanks for for the donation, look at that one watch next year: it's like 20, 10 x's, never know that's the thing about penny stocks that makes them so addicting. You know uh yeah! You look at these things here.

What was it xs x? Spa? Oh x-spa? Okay, i get it express spa, but anyway yeah you look at the thing and it's uh. What is it now buck 84 zoom out a little bit wow. It's been, let's zoom out to the weak chart, oh yeah! No, we don't want to do that. There we go okay, so yeah, it's been a dollar for a while.

I mean there was a point. It ran up in the summer, oh during the summer covered recovery. When we thought covid was over in june of 2020. This thing ran to like six dollars.

It's been public for a while, though huh yeah. This has been public for quite a while it's at least 2016., but it looks like it was it used to they used to trade at a much higher, not sure valuation, but certainly price. I don't know if they did a split or something look at that it used to trade for 70 bucks. So what i said, oh, what is this.

This is a merger here, oh a reverse, split one for 20., hmm, as it kind of became super cheap again and then another one right here, reverse split one for three: oh they've been trying to prop this price up but boy, oh boy. Why is this company? Just gotten so destroyed, ah interesting. Penny stocks are penny stocks for a reason: yeah all right, high risk high reward right or high loss. They should always they should.

You should say that, like when somebody says high risk, high reward should be high risk, high reward or high loss like it should have both scenarios, because otherwise people justify high risk as like, oh, but the reward could be so great yeah. Well so could loss. I guess that might be the risk part, but anyway dave and busters. I wanted to buy it yesterday in the after hours, but i was out of money on the weebs, so i could not do it and now i'm sad, oh well, man, dave and buster's at 30 dollars such a strong spot it'll be back there.

Maybe maybe not. I don't know: oh well, okay, what else anything else, nope consistent consistent, most things here, pretty consistent, some sparklines over here rotating up roku is now 12 percent keeps moving and so do the recoveries. Seven percent of the recoveries, almost seven percent of carnival spirit. That's really good docusign stuck at four percent.

What about vita visa 207? It's also a nice little bounce. All right! We take another peek here just to see, if anything is new top news. No, let's see biden left guessing about putin and the ukraine. Ah, the next fed meeting will offer more surprises.

The u.s federal reserve has bitten the bullet at their policy-making meeting next week in recognition of persistent high inflation officials will announce the speedier taper yeah that'll be an interesting one, how much they end up tapering. I think the market is expecting them to double, but that's true that'll be next week see the next two weeks will be fun and then we go to the holidays. Next, two weeks are going to be friday's inflation. Uh that's going to be a big one.

Then we got the federal reserve. Debt ceiling was a nothing burger which we kind of expected so expected, lucid neo to fall, expected robinhood to fall both those all those happened. Neither did recover a little bit. Congress ends its work week, december 10th, but they've kind of punted on everything, don't think we're going to get billed back better this year, cpi, on the 10th.

That's in two days, fomc meeting is on the 15th uh. You maybe still have some profit taking, but uh we're lost taking for tax loss harvesting, but that that's all just a little extra volume that doesn't directionally change the market, cpi and fmc. Those are the last two things: will the momentum on apple leave with cpi data who knows apple's been killing? It it'll be interesting to see how apple does next year. Look at that.

It's up almost another percent, because uh next year, they're going to have to compare the comps from this year. That's going to be juicy to see how they pull that off. Probably well you'll probably see a lot of negative uh, year-over-year growth numbers and i think btc recovered over 50.. Oh yeah, look at that.

It ran like 2 000 bucks. Just during this live stream. Wow, that's crazy. Had you bought one bitcoin at the beginning of this? Live stream 55 minutes ago, you would have made two thousand dollars for watching that's cool all right, otherwise things are stable time to go.

Thank you. So much for being here see the next one.