Welcome back to the channel everyone today, i want to talk about how jp morgan themselves have confirmed the market crash and also the amc moas and how it all links into what's going on in china with evergrande, and i also want to give you a bit of A guide and a bit of an explanation as to what quadruple witching that's going on this friday, actually is so stay tuned and let's make some money, but before i dive into the video, i just want to give a massive shout out to the 4 700 of You that currently ding that notification bell, because you guys are always the first to watch a new video as soon as it's released so guys, be sure to drop a like down below subscribe to the channel and ding that notification bell. If you haven't already so that you don't miss another video, just like this one and just a quick one before i dive in with the key information, be sure to check out that link down in the description below to join the private discord and become part of The team there you get urgent news due diligence and updates on amc, gamestop other stocks and cryptocurrencies as well before i even make a video and it's the best place to get in contact with me and ask me questions because i'm active there pretty much 24 hours. A day, and now i want to dive straight in with the key information, so moas confirmed by chase or jpmorgan chase. I actually know who tweeted this tweet.

So, let's go through it on twitter slickshooter says i'm not responsible for much due diligence in the community, but i just got this email from chase any other licensed real estate apes. Just get this email as well: 90 day defaults, hedge fund, property distribution. What is going on so jp morgan sent this up an email saying this. We are requesting that all agents complete partner registration training by tuesday we are experiencing an unusually high volume of 90 day defaults and are expecting a significant release of properties.

Distribution of listing assignments will be coordinated between assigning firms and approved agents and will begin immediately. Application instruction will be provided tomorrow via online webinars at 8, 11 and 3 p.m. This week, agents will receive instructions for submitting documentation to chase bank and chase authorised asset management providers, who will be assigning properties to vendor partners. Partner applications may be submitted immediately upon completion of tomorrow's training.

There is also no cost for agent attendance, and you can select a webinar time from the below agents in attendance will also be receiving. Information regarding hedge fund property distribution outside of the chase network, and that is absolutely incredible chase - is seeing an unusually high volume of 90 day defaults and home repossessions and therefore there's going to be tons and tons of homes coming onto the market, and they need more Agents to shift them and sell them, there's also potentially tons of hedge funds that are also defaulting on their mortgages that are being acquired by chase and need to be distributed as well. Now. This is incredible for two reasons.

The first reason, obviously tons of 90 day defaults and tons of home repossessions that's, never great and definitely indicates either a market crash either in the stock market or in the property market, but also the fact that chase don't want these properties on their books as well. They're trying to get as many firms and approved agents as possible to begin distributing these properties immediately. The fact that they're, also offering free training just shows that chase really don't want these properties and they're trying to get rid of them as quick as humanly possible. But what exactly is going on in china at the moment? Well as an explainer, how china ever grande's debt troubles, pose a systemic risk.

China's evergrande group has raised fresh warnings of default risks amid late payments to wealth management and trust products. The real estate giant has been scrambling to raise funds. It needs to pay lenders and suppliers with regulators and financial markets worried that any crisis could ripple through china's banking system and potentially trigger wider social unrest. So who is evergrande? Well, they were founded in 1996 and their china's second largest property developer, with a 110 billion dollars in sales last year, they've also managed to grow their asset size to 355 billion dollars, and they've got more than 1 300 developments across the nation.

Investors became worried after a leaked letter in september, showed evergrande had pleaded for government support to approve and now dropped, backdoor listing plan warning it faced. A cash crunch concerns intensified after evergrande admitted in june that it did not pay some commercial paper on time and news. In july, a chinese court throws a 20 million dollar bank deposit held by the firm on the request of a certain bank in china. The firm's interim report said that it had 571 billion yuan or 89 billion dollars at the end of june in debt compared with 716 billion yuan.

At the end of 2020., total liabilities, however, increased slightly to 1.97 trillion yuan, which was around 305 billion us dollars. So china's central bank highlighted in its financial stability report in 2018 that companies, including evergrande, might pose systematic risks to the nation's financial system. Late payments could trigger cross defaults, as many financial institutions have exposure to evergrande via direct loans and indirect holdings through different financial instruments. In the dollar bond market, evergrinder accounts for four percent of chinese real estate high yield debt according to dbs, and any defaults will also trigger sell-offs in the high-yield credit market.

It also wouldn't surprise me if many u.s banks also had exposure to evergrande and therefore stand to suffer significant losses as a result of their default as well. I personally think these two tie together and i think that jp morgan potentially has a lot of exposure to evergrande and is therefore trying to get as many assets off their books and convert it to actual cash as quick as humanly possible. This could also likely impact the u.s property market, as well as there's also many many 90-day defaults on u.s property to go with it. Therefore, it wouldn't surprise me if the chinese property market starts to crash, which impacts china's economy, which then bounces over to the u.s economy and the u.s property market as well, especially as i explained in my video yesterday, even one small mistake, or one potentially small bankruptcy Or default over in china could have a much wider impact and impact the entire world.

Now. I also thought this was very, very interesting as well. Amc's negative beta has actually changed since the last time. I made a video on it a few weeks ago.

Last time i made a video amc's negative beta was around negative three or negative four, but it looks like bloomberg, has just updated, amc's negative beta to negative 14.. So as a quick explanation, a beta is a measure of a stock's volatility in relation to the overall market. By definition, the market such as the s p 500, has a beta of one and individual stocks are ranked according to how much they deviate from the market. High beta stocks are supposed to be riskier but provide a higher potential return in the sense that say, the s p 500 increases by five percent a stock with a high beta might increase by 10 or 20 percent, but at the same time, if the s p 500 decreases by five percent, then a stock with a high beta will also decrease by say 10 or 20 percent, but a stock with a negative beta usually moves in the inverse of the market.

So if the s p, 500 crashes by 50, a stock with a strong negative beta might triple, or quadruple or 10x in comparison, for example. So this screenshot is basically saying that amc is primed to move in the exact opposite direction that the overall market is in. A very, very strong way this could also be linked to house democrats proposing to raise capital gains tax to 28.8, impacting all gains realized after september 13th. If the mass is just around the corner and the house democrats can get this law passed, then they're going to get more tax money from amc gains now.

Finally, i also wanted to give you a bit of a guide to the quadruple witching and what to expect this week. So what is quadruple witching also called quad witching, and it refers to the third friday of every march june september and december on these days. All derivatives as in market index, futures options, futures stock options and stock futures all expire simultaneously, at the same time on the same day, usually resulting in increased volatility on quadruple-witching days and especially during quadruple-witching hours. It's common for investors to try and unwind their futures and options positions before the contracts expire.

This often includes repurchasing contracts and closing out position. Market capitalizations. The last hour of these trading days between 3 and 4 pm est is referred to as the quadruple witching hour. So the week in march was overall, very positive, ending the week plus 24.82 compared to the previous week, even though the quadruple witching day itself was slightly negative again.

The week in june was overall, very positive as well ending the week plus 19.96 compared to the previous week and again, the quadruple witching day itself was negative. Here's the week so far and we're following the trend of a positive monday. But of course we need to see how the rest of the week plays out both previous weeks march and june. Didn't have that much more volume when compared to the previous week.

So i don't think we'll see a spike in volumes this week either, but this coming friday there is a lot of options, contracts that expire and just a quick reminder. A cool contract is something bullish or apish. Positive and a put contract is something bearish or negative. There's 184 000 call contracts in the money.

287 000 call contracts out of the money, only 13 000 per contracts in the money and a whopping 415 000 put contracts out of the money, which is a very, very bullish position to be in. What we see here is the apes are clearly winning right now. This is the part that is extremely important, since the key players who have more than 400 000 put contracts, will likely not just let that slide, they will fight tooth and nail to push the price down, making sure their contracts end in the money, as the price Will go up and down throughout the week. Contracts on both sides will go in the money or out of the money.

It's also worth noting that the call contracts already in the money are most likely already hedged for and will not move the price up anymore. Considering the vast majority of cool contracts are not yet in the money we're interested to see the price movement at every five dollar mark where most of the contracts are at fifty five dollars, sixty dollars and so on. On the opposite side, the bears want to move the price down every 5 mark as well, 50, 45 and so on, as well as a conclusion. Historically, the week leading up to a quadruple witching day is positive, but the day itself is negative.

There's also currently a lot of options that expire on friday and right now, the apes are winning with a lot of contracts in the money on the cool side, but not many contracts in the money on the put side guys be sure to. Let me know down in the comments below what you think about jpmorgan talking about the market crash and effectively confirming the market crash and how there's a significant amount of 90-day defaults at the moment. Also, if you haven't already be sure to check out that link down in the description below and join the discord and become part of the team, and as always guys if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted when i upload a new video cheers.

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