Today we are going to be live streaming the fomc uh federal reserve meeting and and it's going to be starting in about 23 minutes so if you guys not catching this live uh. Just make sure you guys can fast forward. Um it's going to be at 11 am. My time so you can look at the top right hand corner of my time stamp.

If you're not watching this live and you just want to see how the market reacts. I'm going to be live for a little bit over um. The goals to be live for about an hour. I really hope for those that are tuning on in um.

You know the whole idea of this is for us to be able to watch how the market reacts. Together uh and what interest rate hike is put in place by the federal reserve uh. Jerome powell will be speaking today jerome powell's the head of the federal reserve um. And he will be speaking at uh 2 30 eastern time uh or 11 30.

Arizona. Time uh. Which is about 30 minutes after they actually announced the interest rate. He's just going to be answering questions um in my experience anytime.

That he answers any questions. It's almost like not giving you a direct answer. But kind of dodging um. Around and rightfully.

So i mean. He doesn't want to say anything that causes more harm than good right um. And it should be an interesting time as of right. Now.

The market's kind of factoring in a pretty aggressive interest rate hike and because of that it's actually going up uh. They think that by the federal reserve taking a more aggressive approach it could be something that at least can have a positive. Um catalyst uh to the overall market in my opinion. One of the things that we've talked about so many times and i know we talked about it in today's earlier video is anytime.

That the market runs up like this there's set expectation that's being factored in right away. If we don't meet that expectation then the market can drop significantly. If we do meet that expectation that it can continue to rise and or plateau at that same area. This is why i talked about you know staying cool common collected with your position.

There's a lot of stocks that i'm still invested in long term. Amazon apple tesla. That does not change regardless of what is shared today and the main reason. I i say that is the whole reason that i've taken a smaller position in the very beginning in these long term plays is because it's still uncertain right we still don't know where the bottom is we still don't know if we've hit the bottom markets.

Trying to show signs of a support. But we're you know we're not a hundred percent there yet so instead of trying to predict the bottom of any opportunity. My goal was just to get in at a price point that made sense to me with the position size that i can tolerate even the worst case scenario. And that's always what i like to preach in my videos.

I never want you guys to think that i'm here to encourage you to lock in profits or to sell if that wasn't your original intention right you should always stay true to what your original intent was if you focused on day trading. Then don't allow that day trade to turn into a swing trade and if you focused on swing shooting and or investing. Then regardless of what happens today just make sure that your position size is something that you can tolerate even at worst case. Scenario um.

So all right my body is prepared ricky all right raymond sounds good i wanted to see if you guys had any questions uh leading to that um federal reserve meeting. So is there any questions that you guys might have in my previous video. I still have my notes over here uh to my understanding. There is a 26 chance for a full basis uh full interest give me one second.

I just got my new macbook and it looks like it's already freaking out or my new imac. Yeah that scared the jeepers out of me. I was like. What the heck.

I'm home alone. Oh. That was terrifying. Ah.

Jesus. Well here. We go all right. So.

As of right. Now. It looks. Like tqqqqq is really beginning to hug this moving average in my opinion uh anytime that we begin to kind of trade sideways leading to that moving average.

We're getting ready to pull on back it does the 100 does not have to pull on back especially. Even if it does pull on back a little bit and then whatever the federal reserve ends up sharing can act as a positive catalyst and it can return right back to previous levels and or even make new highs. So again on the technical side technical sides or technical analysis can be a useful way to analyze a stock but anytime. Any news anytime any anything fundamental right so like this report that's about to come out doesn't matter.

What's happening on the technical side when that report comes out it goes beyond any indicator. It goes beyond anything right so this is why i always talk about. Yeah indicators are to be used as a reference. But never a sole reason on why you should initiate or take a trade so yeah scary movie.

So i'm setting up over here on my right hand side um. The actual fed meeting. Let's see how many of you guys. We have here so here we go all right looks like we're still a little bit early.

We have 18 minutes until the actual report comes out so i know some of you guys i have my lunch ready over here. If you guys want to grab a bite to eat or something or a little snack. We're going to be here for about 45 minutes from start to finish so please make sure you know you can leave this running go grab your water go grab your snacks and then come on back. So didn't this happen last time that we pumped up and then we went down the next day.

It's happened two times in a row. We pump up about 10 on the day and then the following day we drop about 10 to 14 can i see a show of hands of how many of you guys have been active enough and have experienced the previous two interest rate hikes. Do you guys remember that do you guys remember. The interest rate hikes back in june.

And maybe no do you guys remember that the first day. The market went up and then the next day. The market dropped about 10 to 14 right okay. So was a couple comments in my previous video and i know they're just trolls right.

But i want you guys people actually taking time out of your day to understand this i want you to understand why i talk about position size. Some people think that what do they call it they call it thud right where i'm they think that i'm trying to share scary information. And it's in my opinion. It's not right because in the past seven months.

We've been selling off so my job is to look out for the beginner investor for the beginner trader. So instead of encouraging you hey go all in buy now buy now buy with every dollar that you have right a very similar approach to a lot of these trolls where they buy and then they just fingers crossed they hope that the market goes up. But we know that the market can continue to sell off. Which is why i talk about don't be afraid to buy.

But also don't put yourself in a position that you can't tolerate if things go south. And that's what i want you to understand out of my videos. My job is always to look out for worst case scenario. While everyone else is focusing on hey.

This is going to skyrocket this is going to take off. I know that the market's been selling off for such a long time that i really like to encourage and empower people to be patient um that might not be something that you might want to be told. And yet maybe that's a reason maybe not to follow my youtube channel. But i know that that's one of the biggest challenges that i experienced when i first got started as an investor and as a trader.

It was learning the importance of patience learning learning the importance of position size. And i really hope that every time that i preach that and share that within my videos. It's just really trying to take worst case scenario into consideration and i really hope that you know it's something that you you understand that is being expressed through my videos. So also known as risk management.

Yeah. I wasn't aware that uh some people viewed risk management as a bad thing. But it just showcases how narrow minded. Some people are right some people understand the market other people hope for things to happen in their favor.

And if it doesn't go. According to their plan. Then guess what they blame everyone else for their own problems and or the position that they put themselves in and whose fault is that simply themselves right so please all i ever ask you to do is never be afraid to take advantage of an opportunity. But make sure that you do it in a in a tasteful way in a way that you can manage even if the worst case scenario were to play out and i think that's what's most important so uh looks like we have a couple of you guys actually beginning to join us if it's not too much to ask i know some of you guys get i don't know if it's asked the view a lot if you guys can drop a thumbs up on this video.

It really lets me know that you guys appreciate these videos and of course. I would love to continue to make them i know that amazon and apple stock report earnings tomorrow. I was thinking of live streaming that um. So i'll kind of leave it up to you guys depends on how many likes we get on this video.

I just want to make sure enough people show up and again yeah. I would be more than happy to host that live session. After the market closes tomorrow as well all right here. We go hahaha.

So guys. It's free give him a sub and like the video is the least. We can do i appreciate that sebastian. Thank you thank you it really does mean a lot um.

I mean i like seeing you guys enjoy what it is that we create for some people they don't understand it for others. You know obviously we take a lot of time out of our day to make this happen so um and just like you guys right so i can't believe that you drink coke yeah. I'm eating chips too leave me alone i haven't had any breakfast or lunch. I've been in front of my screen.

All day creator. I appreciate that uh why don't you include cqq in your long term portfolio. It is it is included i just reduced my position size because of the uncertainty of how aggressive the market could pull back due to this interest rate hike. But and you have to you have to think uh tqqq at least in my opinion.

It's considered to be of higher risk. It's triple leveraged. So therefore for every one percent. The nasdaq drops tkq moves three times as much and because of that i need to make sure that i take my downside risk into consideration so which is why.

But yeah. I've had four four main plays four main positions um. That i've been talking about going long on if you're part of my. Learn plan profit group you would have heard about it you know a couple months ago.

But yeah tkq is definitely included in that so friendly reminder we have about 12 minutes until the fomc federal reserve meeting begins so please make sure that you prepare for that so if it's not um. Just because we're going to be here for a little bit. And i don't want you to miss out on any of the market's reaction uh you could leave this live stream on go grab a cup of water go grab something to drink maybe a snack. I just want to make sure that you know we have your attention as the market begins to move when it reacts.

I'm trying to read through all of your guys's questions. Let's see uh. Please say about meta. I can invest 1500 so again from the reminder.

I'm not here to tell you what to invest in i will never tell you what stock to buy it will never tell you what stock to sell i share. My opinion. I trade and invest in a specific way my investing style might be completely different than yours. So you should never ask the question to someone else of what you should do with your money you should take time understand how you see value and how you tolerate risk.

And that should make up kind of your your strategy towards investing and towards trading. If you are just trying to jump into the market throw money at something and hope that it grows again you're just literally setting yourself up for failure. You know we say this often within our group. Where you know having no plan.

Towards a goal is a plan to fail um. And it's as simple as that um. Do i think that meta is undervalued. I mean.

It's going to be reporting earnings today after market hours. I believe that there is a big position that someone took. I think it was a million dollars short or a million dollar put betting against facebook thinking. That it's going to drop further than expected it wouldn't really surprise me especially with how snapchat reported earnings just overall ad revenue is down for almost every company.

I mean google is a perfect example they reported earnings yesterday uh. Google owns the two largest. Um advertisement platforms. Known as google and youtube.

And they also missed their expectation yet they still ran up right. It wouldn't be much of a surprise. If meta. Because of their focus through the metaverse is running through money quicker than google google seems to be a little bit more collected with the way that it chooses to run its company.

Meta is a little bit more. I would say of higher risk right. Now. Do i think that meta could make a long term.

A good long term play sure i mean. It's it has sold off enough where you know it has a lot of margin for potential recovery right so. But it's also lost over 50 percent of its value based off of all time highs. So the cheap can always get cheaper you should always understand that um and it's not about predicting the bottom of a stock.

It's asking yourself can you tolerate the time that it will take for that stock to recover that's a simple question to ask yourself that only you can answer no one should ever answer that question for you so ricky do you think that tkq will go up aftermarket because of meta. I i don't how am i supposed to know i don't know i don't have the earning reports. Why are you asking me questions. If i have a crystal ball come on guys ask me questions in which i can actually answer what do i think that in my opinion do i think that meadow's going to hit its earnings.

No. I think meta is set to miss its earnings. I think meta should drop after market hours. That's what i think.

And if meta drops. Then the overall market should drop with it due to its market cap. But something that i think is more important is the federal reserve meeting that's going to take place in about eight minutes. I think that's more important so that i i think would have more of an influence if the market rallies or if the market drops due to what is shared in the next couple of minutes.

So let me actually just prepare for that you guys crack me up how are you asking me questions of what do i think is going to go up here. Let me let me look at my crystal. Let me ask the ghost that i just heard right. Now.

Maybe. Maybe. She knows. Oh goodness anyone got the link uh for seven minutes time.

Yeah. So we're gonna be live streaming. It here. So i'll actually i'll post the link um well give me one quick second so i'm gonna pull it up just so you guys um can see it through my screen as well sound good.

So we have it here one second here it goes we're still consolidating on t. Qqq federal reserve meeting starts in just a bit okay so again we're waiting for it to start. I also have this one they announce this should catch the market's reaction towards um. Just so we can see it happen when it does the.

Fomc rate. Decision uh so we have expected. 2375 prior is 1625. So we'll see what we actually end up reporting.

Today. So we have it all ready um again once they do go live. We're going to be broadcasting. It here on the channel.

So don't worry we have you guys covered all right. What do you guys think um. I should probably just ask you guys just for the sake of it. What do you think is going to happen with interest rate.

Hikes do you think that it's going to be. 075 or one point is it going to be one full point or. 075. I want to see in the live chat.

So if you want to participate feel free to comment in the live. Chat what do you think is going to happen is 875. Okay wow you guys are active. You guys are full of energy today.

I like it it's a good day to have energy. What okay now you're making up your own percentage point. I like it all right no rate hike. Oh that's a good one.

I should have asked that one no rate hike. All right here. We go getting a little bit closer all right wanted to set this thing up so we can see where the market and how the market is reacting all right let's go ahead. And i'm going to get this set up over here.

I'm going to bring this over what do you guys think about this setup is this okay so we have both some of these charts over here just to make it look a little bit better all right so we have meta on the down on the bottom chart. We have tkq. Which is the nasdaq etf so if this thing goes down. That's not good for the overall market.

So just so it sits a little bit prettier. So we can see everything there is that does that look okay for you guys i just want to make sure you guys all approve you guys are the boss here. I bet puts won't pay that's a good one i mean definitely i mean market's bullish right it's just and it wouldn't even surprise. Me that even after the interest rate hike.

We could go up a little bit. But it's always the day after that we see a huge red day. I almost want to say it's three federal uh fomc meetings in a row. Where it's the day after that there is a huge huge sell off.

We we just asked that question a little bit earlier today. And it's been a very unfortunate scenario for you know the past three months. So i know. Jerome powell is going to be speaking in um.

What's it called in about 30 minutes. But there should be a reaction and or at least a release in just a couple of in just in one minute. So it should be now let's see see which way we go we're going all right there it goes markets reacted in a positive way check that out market's reacting in a positive way we got tqq rising. We have meadow rising right now.

Let's see which way we go oh here we go we're going south. There it goes going pick a side mark it pick a side. What do you guys think they raised one point no way. Let's see that is not good no.

Way they did let them let them oh here it goes. Fate. Actual 2375. Nope uh yeah no.

It.'s raised 075 it's. Raised. 075 expectation. 2375.

Result 2375 um. It's it's what's been factored into the market. So that that shouldn't surprise the market by any means. Let's see if the market actually ends up reacting in a positive way.

I think that would be actually pretty interesting here it goes i'll make this a little bit bigger. So you guys can see it oh no it goes reacting in a positive way at 2960. Let's see if some momentum begins to pick up okay. Nothing's happening.

Yeah i mean again. It's what the market was factoring in a lot of people were asking the question. Why was the market going up there it goes. It's beginning to pick up going back up.

Let's see where we're at here. It goes. Going green let's be careful we're approaching previous uh or. Intraday all time high at 2977.

We're waiting for this to start vixx is dropping yep less fear in the market vixx should be dropping. I like that is 75 bad no. I would say it's it's uh first off it's what the market expected. What the market was factoring in remember we made an earlier video today uh.

I like to look at what what the market is factoring in um into our market right so uh there's a 26 chance. According to the market that they can go for a full basis point rate hike. But there it goes we just made new highs on t qqq. We also have meta making you highs check that out um.

So they actually increased interest rates exactly what they expected which was that 74 probability of them raising at 075. Percent. Thank you so much ricky the precise call out help me and again friendly reminder. I mean i didn't call anything out right and i i this is one thing that i want you guys to know first off.

I'm never right 100 of the time. Surprise surprise. Right second. My video was not a call out my video was making you aware of what the market was sharing.

But one of the biggest challenges. I know when i first got started as a beginner investor or beginner trader is that it was very difficult for me to either find this information. And it was also very difficult for me to understand this information. So that's what my job here on this youtube channel.

Is it's just to make you guys aware of what the market is saying and how to articulate it in a very simplistic way. I hope. It's not too much to ask i hope that i earned your thumbs up in this live stream. I'm going to continue to go live.

Because. Jerome powell in 26 minutes is going to be speaking you guys. It's boring. But the market can react after he begins speaking probably not and i'm i'm making you guys aware of this probably not i don't want to waste your time and then say hey you guys need to stay on probably not but just in case.

Something does end up happening. I want to make sure that i am live and that i can capture it and if you want to stay you know i would love to have you here so um. There it goes pulling on back just a little bit. So honestly the market's not reacting in two oh.

I was gonna say not in too many of a negative way. But it's beginning to pull on back where are we at with likes we're at a thousand we have 7 000 of you guys here and we have 1 000. Likes if it's again if it's not maybe i'll even do like a free flag giveaway or something like that it's up to you guys i'll leave it up to you guys. But if you guys can drop a thumbs up especially i was thinking of live streaming the amazon and apple earnings tomorrow and how the market reacts.

I would love to have you guys here please make sure that you subscribe to the channel turn on your post notifications and then also if it's not too much to ask i'd really appreciate you to drop a thumbs up again. I love hosting these live streams and i really hope that you appreciate them as well yeah. I was like as long as i can get half half half the amount of people here uh be careful here so we have tqqqq testing moving average support if we break below this if we break below this uh. This is actually not a good sign for tqu.

So we are testing the support level right around that moving average. If we continue to break below this this could be a really bad sign for t. Kiki. Which means that if t qqq begins to drop then most likely every other tech stock is going to follow as well and this is leading up to that federal reserve meeting so please make sure that you're aware there it goes we actually wait we're breaking below previous support.

This is not a good sign all right here it goes here comes the selling pressure so again. This is why i talked about having a a very light position size sometimes and i'm telling you this in my experience. Sometimes i don't understand why the market reacts the way that it does why did we push up to highs of 2997. Was hype present was there just a lot of buying pressure and then it peaks and then just like anything after it peaks.

It begins to dump and then the true momentum begins to follow and that's kind of what it looks like is going on right now so we'll see if we actually form a support level here but one of the things that i talked about is please please please watch your position size right now is not a time to be super confident. It's not a time to be super aggressive at least not in my opinion. Because market direction continues to change the past three days. We were bearish right this is why we were shorting the market today.

We are bullish all of last week. Pretty much except for friday. We were bullish the market continues to change so understand that right now especially as a trader. Your job should be to be selective watch that position size and never be afraid to stay cash.

There's a common saying within our learn plan profit group. And it's the idea of you know sometimes the best position is no position. I don't know if you've ever felt that way. But sometimes when market direction is so unclear when the market is so choppy when it's so volatile sometimes.

I don't it's not even worth being in that because of the the roller coaster of emotions right uh so just again do not put yourself in a position in which you cannot tolerate hit that like button guys we're keep providing free content. I appreciate that man i really do here it goes making new lows on tqq and as you guys can. See meta. Is beginning to follow friendly reminder in about two hours.

Meta is going to be releasing their own earnings report based off of snapchat's earnings based off of well twitter earnings as well these tech companies or social media applications have not been doing well even using the the market leader in advertisement such as google google reported earnings yesterday and even google missed their their quarterly earnings expectation so yeah it's it's crazy what'd you say so apple is grounding out let me go ahead and check on that so let me pull it up apple here we go. Yep apple pulling back as well again. Any stock that you want me to break down feel free to uh share. It in the live chat.

I'd be more than happy to have it up here in the screen for you so if enough people comment that you guys want it in the screen. I'd be more than happy to have it there goes tqkq beginning to rise quick little reversal here. We go oh. We have quite a bit of you commenting oh man let's see which one okay uh and i'll switch it from time to time how about that just so everyone gets gets a chance to have their stock up here uh.

So we have tesla and seeing how it reacts do you guys see how tkq reacts. And it's very similar to tesla. Again. It's the understanding that tkq is a nasdaq etf.

It's a triple leverage etf. So when the nasdaq market drops. It can bring down other markets that follow within that same niche such as tech right so again please make sure that you're aware of that all right. I'm gonna have a quick little chip excuse.

Me all right how much was the height. I was actually just going to comment that i'm actually going to pin. It in the. Live.

Chat just. So everyone can see it fed. Rate hike is 075. Percent.

As expected screw you justin here. We go all right and again. If you guys want me to have your stock in the screen. All i literally ask you to do is drop a thumbs up and of course just share.

It in the live chat. If i see enough people sharing the same um stock. I'd be more than happy to have it up here so we have 1700 likes really do appreciate you guys uh for those that are going out of your way and dropping a thumbs up and especially subscribing to the channel. It really does mean a lot i try to upload one or two of these videos every day just trying to keep you guys up to date with you know something for beginners that's a little bit more difficult to make sense of right here.

It goes. We got tkq beginning to rise tesla is following. What do we have here let's see what else chat is not yeah. It's really hard for me to see even one ticker.

Let's see so we have okay. Let's actually put shopify. Shopify. Reported.

Earnings. Today um. It might have been spotify was it spotify. Yeah.

It might have been spotify. So. Shopify is actually not doing too. Hot.

Um. Spotify. Spot reported. Earnings and beat.

Its expectation. It should. Spotify. Should be up about i thought.

It was like it was up percent. I don't know where it's at right now now it's trading at 112. So um yeah all right let's go back to meta. It looks like enough people want me to just keep meta up there especially because it's reporting earnings.

Today. So i would be more than happy to do that here it goes. So this is a quick little heads up you guys know how the moving average was acting as a support level. We have this saying within our learn plan profit group previous support levels act as new resistance levels.

So you will see that if we do not break above this. Moving. Average is going to be acting as a resistance level for t. Kiki.

Q. If there is not enough buying pressure or momentum. We could see this thing get rejected and then begin to make lower highs and lower loads. Which would not be a good sign for the overall nasdaq market or would not be a good sign for the overall tech stocks right now here we go all right.

We have so many people dropping things in the live chat. Yeah not enough people dropping a thumbs up. I'm offended. I'm offended should we do i don't know if i can let me ask my team real quick.

I was gonna say maybe we should do a flag giveaway. What do you guys think should we give away some flags from our site. I don't know if you guys have seen any of these flags. But we have the hustle to inspire patience's power should we give some of these away.

I'll have to they don't like when i do this i get it it's kind of difficult to manage. But okay give me okay now you guys are liking it because now it's free let me make sure that i keep the federal reserve thing up here um all right let me ask them real quick all right asking right now give me one quick second let's see how inclined oh there it goes we got t. Qqq indicating signs of an uptrend broken breaking above that moving average this is a good sign there's a lot of buying pressure for tkq all right oh there it goes getting rejected also friendly reminder um. I know that i have probably a handful of you guys are completely new to the stock market maybe you're completely new to investing or trading.

Maybe you've just thought about getting started. I want to remind you you guys can refresh this screen. You can do it right now and the first link in the description is our free group chat. If you have any questions.

If you want to ask me for access to tomorrow's live trading session. If you want to ask me for any questions you can't find through google. If you're an absolute beginner and you're like hey ricky. What tip would you recommend for me for someone that wants to get started.

I hope that you know that the best way to get a hold of me is via discord and that's that first link in the description. And yes. It is for free for you to be able to message me so i just want to make sure that you're aware of that especially if you've always wanted to get started. But never knew how to start.

I want to make sure that again the only way that i can assist you is if you ask me your questions. So that's why i try to make myself as accessible as possible so any questions you might have again if you want to tune in to tomorrow's live session. Whatever the case might be i'm open to ideas if you want a big discount code for learn plan profit if you're a student if you're a veteran and you want a discount code any question you might have shoot me a message and let's make it happen okay all right here. We go so we got tenzi asking for ethereum okay.

I think we could uh put ethereum. I don't know if he'll let me with a split screen. Yeah. Maybe it will oh yeah.

It does ethereum gapping up to 1500 who bought ethereum at seven or eight hundred dollars uh. A coin can i ask you guys who did any of i i regret not buying enough i bought a very very very very very small amount just because i was uncertain right i'm so glad i did but i mean it's doubled. It's nearly doubled right not me i did at 1100 still a solid price point based off of where we're at right now and the potential that it has based off of previous eyes. I'm not huge into crypto uh friendly reminder um.

If you just subscribe to my channel or if you look at the links in the description. You're gonna see my instagram you're gonna see all of our different social media. Platforms. One thing i want you to be aware of is there are hundreds of fake accounts of me.

I will never message you asking for any crypto management or for any forex management. I will never message you first to put it quite frankly i will never message you asking how your day is i have one instagram account. It's the third link down below and i'm verified that is my only instagram account. All the other ones are fake.

They're going to ask you for money they're going to pretend that they're going to trade for you i don't trade for anyone i don't manage money for anyone i don't trade forex. I don't trade crypto. I don't even really talk about it i just wanted to make sure that i was aware of that as you know if you're just subscribing to our channel. You're gonna see fake accounts commenting pretending to be me and they're gonna try to reach out so if you can do me a favor just report them anytime that they message you and let's get those accounts taken down.

So thank you i thought. It was weird. When you asked me for only fans that is such a joke. Oh that is that's a good one.

I like that one that was good all right. I'm gonna go back to meta over here. Okay so now going back on the topic of the free flags. So let's see all right we just did we just activated a promo code let me just make sure that it's active first off anything that you purchase on the shop tech bud site.

That's the fourth link down below. You will automatically get entered towards our staycation giveaway. So first off. I want you guys to be aware of that right so we're going to be flying out three winners.

All expenses paid to arizona. And we just did a free flag promo. You don't need any coupon. So anything that you buy anything that you buy on the side.

So let's say that you want to pick up one of these shirts right you like the shirt. So this is one of our new wall street shirts. So very simple tee wall street as you guys can see very simple right. So.

Let's just click add to cart you go. And i want you to select your favorite flag. So as long as you select your favorite flag. Let's say that you really like the hustle to inspire that's personally one of my favorites.

I have my flags back here so to make your own luck or the crazy duck back there right so i'm going to add the hustle to inspire. And you will see that as soon as i add it to the cart the flag will be automatically for free so free flag with every order. If you buy two items then you can get two flags for free. So i'm.

Just making you guys aware of this. Again this is at shoptechbudscom. Or the fourth link down below. So any order today there's no minimum it doesn't matter.

What you buy you can buy something that's ten dollars you can buy something that you know is obviously more than that all i ask you to do is add your favorite flag to your cart. And it will automatically get discounted. And you will also automatically get entered towards our staycation giveaway. So for every one dollar spent on the site.

It equals. Five automatic entries. So just want to make sure that you're aware of that but again free flag on every order no minimum purchase no coupon code needed so you guys are all good there there we go all right we have 10 minutes until jp begins to speak. Jerome powell again is the head of the federal reserve here we go yep i mean i i i don't think i think there's so much going on uh will thank you again for bringing it up there's so much going on this week.

You can't um. You can't be surprised that people aren't mainly concerned about the gdp. But i appreciate the reminder so tomorrow one hour before the market opens. The gdp report is going to be released for q2.

It's obviously going to have a big impact on the overall market. There's just there's so much going on this week. There's huge the biggest tech stocks are reporting earnings this week. We have this fed meeting reporting earnings today right so it just reported that it's interest rate hike of 075.

At least that's as expected. But tomorrow. Yes. The gdp will be announced one hour before the market opens.

So just understand that that means that one hour before the market opens. There will be a reaction both either bullish or bearish depending on how it reports and this will have an influence on the overall market. So it's good to understand that and well i appreciate you uh just reminding us. But yeah.

There's just so much going on there's fed meetings interest rate. Hikes. Huge tech stocks biggest tech stocks. And yeah.

The gdp report that's going to be released um tomorrow. It's just so much i mean. It's a lot of information for me to keep keep up with right. And this is what i do all day every day.

Now i can't this is why i've tried to i mean i hope that i haven't been bothering you guys. But that's why i've been uploading about two to three videos. They're about five minutes long on average each just to keep you guys up to date in very simplistic. Ways of like hey don't forget about this report hey don't forget about these stocks that are reporting earnings.

This is what to look forward to for tomorrow as feds are set to raise interest rates right so i'm just trying to do my part. There's obviously a lot of information to take in and i just want to make sure that you guys are aware of it so yeah keep uploading. Appreciate the update sweet well i'm happy to hear happy to hear there goes. So we are making higher lows or lower highs on tkq meta is beginning to trade sideways.

I think meta is scared for its own good as it begins to report earnings. There it goes we just had our first order uh for someone taking advantage of the um free flag. So actually austin. I'm pretty sure i know you so austin appreciate you uh.

I see that you got the retro duck flag for free so i hope you appreciate i hope you enjoy it and if you hang it up on your trading wall or in your trading office or whatever the case might be send me a picture. I'd love to post it on my instagram and just thank you again for kind of like repping. Some of the stuff that we make so we really do appreciate it guys all right so we have seven minutes left until. Jerome powell begins to speak.

This is your reminder feel free to go grab a cup of water grab a snack you can leave the live stream running or you can join us before after up to you um. But yeah. Yeah don't even don't even get to start with that. Ronnie yeah.

I know there's so many reports look at this look at all the reports that are set to be released look at all the reports that were released. Today right this. But today was what's mortgage um. Yet or tomorrow is gdp and then we have initial claims right.

We have the eia reports for natural gas inventories. It's just so much to take in and then we have the pmi on friday. This is a lot consumer sentiment. This is also tomorrow.

I'm sorry friday. It's a lot of information to take in so i just have to be selective with what videos i choose to upload and making sure that the five minutes that i use to upload those videos that i express things in a very simplistic way. So you guys are at least aware of them so market is ending red um. I i don't know i don't know about that one oh.

We just had someone else take advantage of the free flag. So we have the leader flag and this is uh leo leon. So appreciate you hope you enjoy that flag and again send me a picture of once you get it and i'd love to post. You thank you leo hope you enjoy the free flag ricky.

What time is the natural gas report normally. It's one hour after the market opens. Let me see i'm sorry. Yeah.

It's one hour after the market opens. Eia natural gas report. There it goes all right. We just got another free flag.

So we got the success flag and that is by cason carte so again friendly reminder guys shop techbudscom you guys asked for it it's a free flag with every order fourth link in the description of this video. If you don't see the link refresh and then it's the fourth link down below add it to your orders. If you pick up anything if you add you know if you pick up a shirt. Add a free flag to your order.

There's no promo code. That is needed and you automatically get the flag for free so. If you are picking up anything with your order. Then you get a free flag just add it to your cart and you get the free you get the flag for free so flat till friday.

I don't know about that i don't know if we'll be flat till friday. I don't like that it's there it goes all right it's beginning to pick up views on alphabet um based off of their quarterly earnings alphabet's obviously down quite a bit on the year i think they're down 30 percent. I think if your intention. I think it's all about intention right now if your intention is to invest long term you're getting one of the you're getting the world's largest advertisement platform for a 30 discount.

I think from bottom to top it offers about 40 roi um. 44. As of yesterday. I don't know what it is after today.

I think it could make a great long term investment. Do i think that every quarter moving forward is going to go smooth. Sailing definitely not i think even if i'm not mistaken during their quarterly uh earnings guidance. Call they announced uh that they will be most likely experiencing even rougher quarters in the up and coming futures.

So. I think if you intend to invest in any company such as amazon apple google you need to understand what your intention is you need to understand that things can get worse before they get better. But this is why you want your position size. But as long as you understand that you're getting it for a good price in the grand scheme of things then i think that's what's most important so yeah two minutes left until the meeting and again if it's not too much to ask please make sure you drop a thumbs up and i'm excited to hear the man.

The myth. The legend jerome powell speak and it looks like we got a couple other people that just picked up their free flag. So if you don't mind i want to shout you guys out if that's okay if you don't want me to shut you out then well i'm sorry i don't think i'll be able to keep up with the live chat. But we got tin uh that just picked up a success flag for free uh.

Let me go through this all right. We got uh. Zachary hayden. That just picked up a free flag and then we got uh damien jane that just picked up.

I think they picked up two free flags. Right. Yeah. Oh damian got two free flags.

I love it i love it um. Yeah. I hope you enjoy those free flags. Again if it's not too much to ask i'd love for you to you know take a picture of your setup with it send send it to me via instagram.

My instagram is down below. And i'd love to post. You all right here we go this thing should be starting soon 2 30 pm. Eastern time.

I'm ready who's ready let me see it let me see it who's who's ready for it market's gonna fall. I don't know i think that i don't think the market's gonna fall today in my opinion. I think the market's gonna drop tomorrow. I think when people when the hype falls out and people begin to really understand just what was factored in a point seven five percent interest rate hike is not small.

So here he goes. We're going to start so. All right you guys ready for it let me get a round of applause. If you guys aren't dropping a thumbs up for me at least do it for jp.

No is it just me that's excited i need to make myself a little bit smaller over here. So i'm not in your way. I do apologize for that all right big jp in the building. I am ready so again up here.

We got tqqqq. Which is the nasdaq etf down here. We have meta. Which is set to report earnings.

In just. Um 1 hour. And 30 minutes. There it goes.

There. He goes daddy jp in the mix. He kind of sounds like a robot just just a heads up good afternoon. My colleagues and i are strongly committed to bringing inflation back down and we're moving expeditiously to do so we have both the tools we need and the resolve it will take to restore price stability on behalf of american families and businesses.

The economy and the country have been through a lot over the past two and a half years and have proved. It is essential that we bring inflation down to our two percent goal. If we are to have a sustained period of strong labor market conditions that benefit all markets dropping from the standpoint of our congressional mandate to promote maximum employment and price stability. The current picture is plain to see the labor market is extremely tight and inflation is much too high against this backdrop.

Today. The foc raised its policy interest rate by three quarters of a percentage point expeditiously and anticipates that ongoing increases in the target range for the federal funds. The result will be taken to restore price stability on behalf of american families and businesses. What's going on the economy and the country have been through a lot over the past in addition years.

We are continuing the process of significantly reducing the essential inflation down to our two percent have more to say about today's monetary policy actions period of strongly after briefly reviewing economic development from the standpoint. Recent indicators of spending and production has soft limited price to build growth and consumer spending. Has slipped significantly in part reflecting lower labor real disposable income and tighter financial conditions. Much too high activity in the housing sector has weakened in part reflecting higher mortgage.

Rates and after a strong increase in the first quarter business. Fixed investment also looks to have declined in the second quarter. Despite. These developments.

The labor market has remained extremely tight with the unemployment rate near a 50 year low job vacancies. Near historical highs and wage growth elevated over the past three months. Employment rose by an average of 375 000. Jobs per month down from the average pace seen earlier in the year.

But still robust. Our jobs and labor market conditions have been widespread including for workers at the lower end of the wage distribution as well as for african americans and hispanics labor demand is very strong while labor supply remains subdued with the labor first participation rate. Little change since january overall. The continued strength of the labor market.

Suggests that underlying. Aggregate demand remains solid inflation remains well above our longer run goal of. 2. Over the 12 months.

Ending in. May. Total pce. Prices rose.

63. Percent. Excluding the volatile food and energy. Categories.

Core. Pce. Prices rose 47. In june.

The 12. Month change in the consumer. Price index came in. Above expectations at.

91. Percent and the change in the core cpi was 59. Percent. Notwithstanding.

The recent slowdown in overall economic activity. Aggregate demand appears to remain strong supply constraints have been larger and longer lasting than anticipated and price pressures are evident across a broad range of goods and services. Although. Prices for some commodities have turned down recently the earlier surge in prices of crude oil and other commodities.

That resulted from russia's war on ukraine has boosted prices for gasoline and food creating additional upward pressure on inflation. The fez monetary policy actions are guided by our mandate to promote maximum employment and stable prices for the american people. My colleagues and i are acutely aware that high inflation imposes significant hardship especially on those least able to meet the higher costs of essentials like food housing and transportation. We are highly attentive to the risks high inflation poses to both sides of our mandate.

And we're strongly committed to returning inflation to our two percent objective at today's meeting. The committee raised the target range for the federal funds rate by three quarters of a percentage point. Bringing the target range to two and a quarter to two and a half percent and we're continuing the process of significantly reducing the size of our balance sheet. Which plays an important role in firming.

The stance of monetary policy market moving up overcoming months. We will be looking for compelling evidence inflation is moving down consistent with inflation returning to two percent. We anticipate that ongoing increases in the target range for the federal funds rate will be appropriate the pace of those increases will continue to depend on the incoming data and evolving outlook for the economy. Today's increase is the tar in the target.

Range is the second 75 basis point increase in as many meetings while another relatively large increase could be appropriate at our next. Meeting. That is a decision that will depend on the data. We get between now and then we will continue to make our decisions meeting by meeting and communicating and communicate our thinking as clearly as possible as the stance of monetary policy.

Tightens further it likely will become appropriate to slow the pace of increases while we assess how our cumulative policy adjustments are affecting the economy and inflation thirty dollars a share for t coaching focus is using our tools to bring demand into better balance with supply in order to bring inflation back down to our two percent goal and to keep longer term inflation expectations well anchored making appropriate monetary policy in this uncertain environment. Requires a recognition that the economy often involves evolves in unexpected ways. Inflation. Has obviously surprised to the upside over the past year and further surprises could be in store.

We therefore will need to be nimble in responding to incoming data in the evolving. Outlook and we will strive to avoid adding uncertainty in what is already an extraordinarily challenging and uncertain time we are highly attentive to inflation risks and determined to take the measures necessary to return inflation to our two percent longer run goal. This process is likely to involve a period of below trend economic growth and some softening in labor market conditions. But such outcomes are likely necessary to restore price stability and to set the stage for achieving maximum employment and stable prices over the longer run to conclude we understand that our actions affect communities families and businesses across the country everything.

We do is in service to our public mission. We at the fed will do everything we can to achieve our maximum employment and price stability goals. Thank you i look forward to your questions. Hi chair.

Powell. Thanks for taking our questions. Rachel siegel. From the washington post.

Wondering. If you can walk us through your thinking around the decision not to go for a full percentage point increase um. We saw a ramp up after the may cpi report came in harder than usual and then obviously the june figure. Did too uh was there any discussion of a stronger hike at this meeting.

Thank you sure so we did judge that a 75 basis point increase was the right magnitude in light of the data uh in the context of the ongoing increases in the policy rate that we've been making. I'd say that we wouldn't hesitate to to make an even larger move than we did today if the committee were to conclude that was that that were appropriate whoa that was not the case at this meeting. There was very broad support uh for the move that we made you mentioned. The june meeting.

We had said many times that we were prepared to move aggressively more aggressively if inflation continued to disappoint and that's why we did move to a more aggressive pace at the june meeting as we said we would do at this meeting. We continued at that more aggressive pace as inflation has continued to disappoint in the form of the june cpi reading. Thank you so much for taking our questions colby smith with the financial times as the committee considers the policy path forward how will it weigh the expected decline in headline inflation which might come as a result of the drop in commodity prices against the fact that we are likely to see some persistence in uh core readings in particular and given that potential tension and signs of you know any kind of uh activity. Uh weakening.

Here. How is the committee's thinking changed on how far into restrictive territory rates might need to go so um. I guess i start by saying. We've we've been saying we would move expeditiously to get to the range of neutral.

And i think we've done that now we're at 225 to two and a half and that's right in the range of what we think is neutral. So. The question is how are we thinking about the path forward. So one thing.

That hasn't changed is that it won't change is that our focus is continuing to is going to continue to be on using our tools to bring demand back into better balance with supply in order to bring inflation back down that'll continue to be our overarching focus. We also said that we expect ongoing rate rate hikes will be appropriate and then we'll make decisions. Meeting by meeting. So what are we going to be looking at um.

You know we'll be looking at the incoming data as i mentioned and that that'll start with economic activity are we seeing the slowdown that we the slogan and economic activity uh that we think we need and there's some evidence that we are at this time of course. We'll be looking at labor market conditions and we'll be asking whether we see of the alignment between supply and demand getting better getting closer of course. We'll be looking closely at inflation. You mentioned headline and core.

Our mandate is for headline of course. It's not for core. But we look at core because core is is actually a better indicator of headline and of all inflation. Going forward.

So. We'll be we'll be looking at both and we'll be looking at them for those both really for what they're saying about the outlook. Rather than just simply for for what for what they say but we'll be asking do we see inflationary pressures declining do we see actual readings of inflation coming down so unless. It's all about profits whether the stance of policy.

We have is sufficiently restricted to bring inflation back down to our two percent target. And it's also worth noting that these rate hikes have been large and they've come they've come quickly. And it's likely that their full effect has not been felt by the economy. So there's probably.

Some additional tightening significant additional tightening in the in the pipeline. So where are we going. With this. I think the best.

I think the committee broadly feels that we need to get policy to at least to a moderately restrictive level. And maybe the best data point for that would be what we wrote down in our scp at the june meeting. So i think the median for the end of this year. The median would have been between three and a quarter and three and a half and then people wrote down 50 basis points higher than that for 2023.

So that's even though that's now uh six weeks old. I guess that's that's the most recent reading of course. We'll update that reading at the at the september meeting in eight weeks so that's how we're thinking about it as i mentioned as it relates to september. I said that another unusually large increase could be appropriate.

But that's not a decision. We're making now it's one that we'll make based on the data. We see and we're going to be making decisions meeting by meeting we think it's uh. We think it's the time to to to just go to a meeting by meeting basis and and not provide you know the kind of clear guidance that we had provided on the way to neutral nick tamaros of the wall street journal chair pal you've said that your policy works through influencing expectations and that policy needs to be at least moderately restrictive.

Which means you need financial conditions to stay. Tight futures market pricing currently implies you will raise rates this year. Along the lines of your june scp. But then lower them a few months later next year are these expectations consistent with the need to keep financial conditions tight in order to moderate purchasing power and bring inflation back to two percent.

So i'm going to start by pointing out that it's very hard to say with any confidence in normal times in normal times. What the economies be going to be doing in 6 or 12 months and to try to predict where what the appropriate monetary policy would response would be i mean of course. We do that in the scp. But nonetheless you've got to take any estimates of what rates will be next year with a grain of salt because there's so much uncertainty these are not normal times.

There's significantly more uncertainty now about the path ahead than i think. There ordinarily isn't ordinarily it's quite high so again. I i would the best data. The only data point.

I have for you really is the june scp which i think is just the most recent thing. That the committee's done since then inflation is coming higher economic activity has come in uh weaker than expected. But at the same time. I would say that's probably the best estimate of where the committee's thinking is still.

Which is that we would we would get to a moderate moderately restrictive level by the end of this year. By which i mean somewhere between three and three and a half percent and that with the committee sees further rate increases uh in in 2023 as i mentioned. We'll update that of course at the september meeting but um. I you know that's really the best.

I can do on that you said inflation had been a little bit hotter than anticipated has your view of the terminal rate changed since june. So i wouldn't say. It was i think we didn't expect a good reading. But this one uh this one was was even worse than expected.

I would say yeah um. I don't talk about my own personal estimate of of what the terminal rate would be um. I do i will write down that in uh it it's going to evolve. It's obviously it has evolved over the course.

I think for for all participants. It has evolved over the course of the year as we learn how persistent inflation is going to be and by the time. The september meeting. We will have seen two more cpi readings and two more labor market readings and significant amount of readings about economic activity and and perhaps geopolitical developments.

Who knows it'll be it'll be a lot it's it's an eight week intervening period. So i think we'll see quite a lot of data and we'll make our decision at that meeting based on the data. Thank you hi. Thanks for taking our question to gina smiley.

New york times. Um. You kind of alluded to this earlier. But i wonder in the event that you see several months of very weak headline inflation numbers because oil prices are coming down so much but core inflation continues to be strong or even picks up.

I wonder how you would think about that so it's hard to deal with uh hypotheticals. But but i just would say this we you know we would look at both and we would we'd be asking ourselves are we confident that inflation is on a path down to two percent. That's really the question and we'll be making you know our policy stance will be set at a level ultimately at which we are confident that inflation is going to be moving down to two percent. So you would you know it would depend on a lot of things of course um.

As i mentioned core inflation is a better predictor of inflation going forward headline inflation tends to be volatile so in in ordinary times you you look through volatile moves and commodities. The the problem with the current situation is that that if you have a sustained period of supply shocks. Those can actually start to undermine or to work to work on de anchoring inflation expectations. The public doesn't distinguish between core and headline inflation in their thinking.

So it's something we have to take into consideration in our policy making even though our tools don't don't really work on on some aspects of this which are the supply side issues. What he means by supply side issues thanks for taking my question. Mr. Chairman uh earlier this week.

The president said we're not going to be in a recession. So i have two questions off of that do you share the president's conference confidence in not being in a recession. A second. I think i don't know i would not a recession change policy is it a bright line.

Sir. Where contraction of the economy. Would be a turning point in policy or is there some amount of contraction of the economy. The committee would be willing to abide uh.

If it's uh do you think that he's gonna answer the question about what he thinks or if he agrees with them or just mentioned. Let's see we we think. It's necessary to have uh growth slow down and slow growth growth is going to be slowing down this year for a couple of reasons. One of which is that you're coming off of the very high growth of the reopening year of 2021 um you're also seeing tighter monetary policy and you should see some slowing we actually think we need a period of growth below potential in order to create some slack.

So that so that the supply side can catch up we also think that there will be in all likelihood some softening and labor market conditions and and those are those are things that we expect that and we think that they're probably necessary if we were to have uh to get inflation. Where to be able to get inflation back down on the path to two percent ultimately get there. The question was whether um watch out for the pullback. Again.

We're going to be focused on getting inflation back down. And we as i've said on other occasions price stability is really the bedrock of the economy and nothing works in the economy. Without price stability. We can't have a strong labor market without price stability for an extended period of time.

We all want to get back to the kind of labor market. We had uh before the pandemic where uh differences between you know racial and and uh gender differences and that kind of thing were at historic minimums. Where participation was high where inflation was though we want to get back to that. But that's not happening.

That's not going to happen without without restoring price stability. So that's something we see as as as something that we simply must do and we think that in the we don't see it as a trade off with uh with the the employment mandate. We see it as a way to facilitate the sustained achievement of the employment mandate in the longer term. Howard schneider.

With reuters um. Particularly in regard to expectations. It's been said. The last few months that the risks of doing too little uh outweigh uh.