Well folks, i'll be damned today is not one of the best days. In fact, we've already had a little bit of a double-double of this in the course member live stream. So if you want some entertainment, you can always check out the programs of building your wealth link down below where we have uh phenomenal and insightful discussions every single day, no matter what the hell is going on. Uh today, obviously is a bad day, though, for many reasons.

First of all, the qqq is popping off of the zero percent fibonacci. Second of all, uh tesla is uh crashing and uh. Third of all, uh two core individuals who are helping me with my uh series: a launch: that's coming up: uh decided to uh to go, get a different job, uh right before our uh, our launch, uh, probably one of the most disrespectful times. You could possibly leave a company, but oh well, i'll handle it myself and with the other employees that i have no problem.

No problem plenty of. Fortunately course. Members have also reached out offering uh to to come and help, and so we're going to have a great opportunity getting everything back and rolling. So if you are waiting for that series, a information we're still probably 45 days or so out, uh for more information.

But you can always drop your uh email in at uh medkevin.com series. A and you'll be uh informed of all of the news there once it's ready now, uh qqq. This is the zero percent fibonacci line. This is uh, quite quite unexpected, uh.

At the same time as we had a few bits of news this morning, we had inflation expectations by consumers. Come out less than expected. One-Year inflation expectations for consumers came in at seven and a half. We were expecting 7.8.

Those are still very, very high numbers. Don't get me wrong, but they came in lower than expected. This is a sign that what the federal reserve is doing is working the yield curve. The 10-2 yield curve is steepening.

We are at a spread of 21.67 basis points. This is a sign of what the fed is doing is working the five-year break-evens. This is the market's expectations, for inflation have fallen they're at 3.26, actually slightly lower this morning about 3.24, but anyway, on the day they're still down. These are actually very, very good things.

In addition to this, the consumer continues to spend money, uh ridiculous amounts of money, and that is actually why we're seeing a hawkish fed, because the consumer continues to spend money. We saw fewer packaged goods being purchased by ups, although at higher prices. But we did learn that, for example, from from jetblue, we expect demand to be substantially higher this summer than even in 2019 and other companies, as we've been reporting over the last couple weeks, are all indicating that consumers are still spending money like crazy great. However, the stock market doesn't care because the stock market is pricing in recessionary, fears and fears of greater rate increases.

Unfortunately, that is also hitting tesla, which we're going to talk specifically about tesla and what's going on with tesla um. I guess this would be, though, an opportunity to just quickly mention that if you want to get into the real estate market and build some wealth with real estate uh, when and if real estate prices fall, make sure to build your credit using the extra debit card. Go to metkevin.com extra to learn more about the extra debit card, where you could link your existing bank account and when you link your existing bank account, you don't have to make a new bank account. You can simply make transactions as you would on a normal debit or credit card, but you don't actually have a credit card.

They spot you the money over the business evening and the next day they reimburse themselves from your account. It's like using a debit card right. You're spending the money that you have and then these balances paid can be reported to credit, bureaus genius method of building credit. I think it's phenomenal regarding the fed rate monitor we're sitting at uh a 100 97 chance of a 50 basis.

Point hike in the next meeting: that'll bring us to 0.75. We are sitting uh 0.75 to 1.. We are sitting at about a 97 probability of a 25 basis, point hike in june uh and another 97 probability of a 25 basis point in july. Another 25 basis point at 97 in september.

Another 25 basis points at uh, 92 uh percent for november, with the possibility of actually seven percent, not raising rates uh in that segment uh, but then the uh eighty percent chance of being at two percent by december. Two to two and a quarter percent uh and uh, and then there is even though the expectation that the fed's gon na get to about two and a half by the end of the year, which the market hasn't has not yet priced in. The second 50 basis. Point hike, so i think that's probably some of the pressure that we're seeing right now, but we're also seeing substantial pressure on tesla.

One of the reasons we're seeing the substantial pressure on tesla has to do with obviously elon musk winning the twitter bid, and the reason for this is elon. Musk has raised money for twitter in a few different ways. Uh elon musk has here we go elon. Musk has raised 13 billion dollars in debt from morgan stanley and others.

He has raised 21 billion in equity financing. This is expected to be shareholder partners and remember. This deal is probably not likely to close for a few months, so elon probably has time to get that 21 billion in equity financing together. This would be like hey.

We got 2 000 shareholders, everybody throw in 10 million dollars and boom. We got our uh, our 20 billion, that we need roughly probably closer to 10 and a half mil each person uh and then uh. You've got about 12.5 billion in loans against tesla stock, and there is the concern that if tesla stock falls that elon musk could get margin called on this because he's pledging about a hundred billion dollars in tesla shares as collateral. And we don't know exactly what the margin requirements are on this, and this is now leading to this speculation that elon is either going to sell or dump tesla shares or margin against those tesla shares for the benefit of his twitter acquisition, uh or possibly, even that This twitter acquisition will just distract from elon musk, because he's got the boring company spacex tesla, now twitter, uh and uh, and this uh individuals seem to think that this is.

This is too much for elon to handle uh. I think people forget that when you're a founder, led company uh, your your goal is to direct other individuals and employees and be a visionary not to be the day-to-day uh manager, but anyway uh. In addition to this, we had a very disgusting uh opinion piece in bloomberg this morning and uh. Basically, the bloomberg article complained that uh tesla receives 90 of their revenues from come from making cars geez.

Imagine that a car maker getting 90 of their revenues for making cars and because their revenue is not very diversified, they're vulnerable to the kind of market effect that hit netflix and facebook and that and even nvidia, and that, even though nvidia is already down 40 percent Uh tesla's only down 20, and so they may fall more and so after the publishing of this, in addition to tesla being potentially vulnerable because of the twitter deal, maybe having to sell shares, tesla was now shoved down 11. On the day the tesla was flat. This morning, before this article posted uh and then of course uh, you know we have the sec filings, we're running the 21 bill and so on, but we've already covered that so uh yeah. That is something that's going to weigh on the nasdaq, which then becomes self-fulfilling, and then you see the nasdaq sell off more, and so what do we have? We have the nasdaq bouncing off the zero.

Listen. I made a trade in january. I am well profitable on that trade, probably up three to four million dollars on that trade, and i avoided substantial other losses on that trade. I'm very happy with the trade i made in january.

However, this has led a lot of people to believe that i am now a trader that that's what i do is i just cycle my portfolio in and out. This is wrong. I believe this market is still strong. I believe the consumer is still strong and i'm not betting against america.

I'm not betting against tesla, i'm not getting betting against uh. You know tesla trade desk, google, whatever i'm in this market, and so i bought more shares this morning, i'm not running away just like. I don't run away from the person who's set me up with uh, more than six figure, salary paid vacations paid trips, paid entertainment and everything, and only asks for hard work in return, only to get rug pulled before launching a new company. That's pretty disgusting, uh unforgivable as we like to say.

You know, then some people like to say hey but kevin. You know you point the finger three-point back at yourself. Fine, maybe i demand people work hard, but i pay well for that, and so if somebody can't work a hard 20 hours, i'm sorry hard 40 hours right 40 hour work weeks and because instead they want to work a lazy 20. Then you don't belong here anyway.