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Greetings everyone and welcome back to another episode of the closing bell. First folks, we got to talk about housing. Then we're going to talk about is the the stock market at bottom and then, of course, we've got earnings to talk about. We got some big ones coming up after bell, including amd, so it's gon na be uh.

It's gon na be pretty fun uh but uh. First, i do wan na touch on the housing market, because there are a few things that are coming up in the housing market that i i think are cause for at least some concern, though we look, we've been talking about housing on this channel for a while. Now, okay, but today we really got to talk a little bit more about some of the things that have started at curry. Back in january.

We really talked a lot about how to look when the 10-year treasure goes up. Hits three percent we're gon na see mortgage rates in the five to six percent range. This is what slowed down the housing market in 2018, the housing market lost 12 in the span of two months, once home buyers reacted now, today, things are a little different. We've got a lot of excess demand in the home buying market, and so what happens is when interest rates go up? One percent.

We tend to see a reduction of 10 in purchase power. We know this is old math at this point. We learn about this. Not only on the channel but of course in the programs on building your wealth with uh real estate and do-it-yourself property management or rental renovations uh, but we go much deeper than that and, for example, one of the things that we got to know is that if We have excess demand right now, 30 and interest rates go up three percent cool.

Well now, maybe we have an equal level of supply and demand right. The question is, could we potentially overly compensate for excess demand end up with now more supply than demand, which leads prices to kind of start curving a little bit, and does that potentially lead to fear well 10-year treasury, right now sitting at a 2.97 percent? Moving back up on that neighborhood of 3, and on top of that, we just got a report here that uh in vancouver they're, now uh seeing evidence of a sharp decline in their housing market. Now, usually, when we hear sharp decline like there are many different mattresses that we can look at for uh, you know a steep, slow down or or whatever right uh, and what they're talking about is that seasonally adjusted home sales in april declines sharply by 22.8 compared To march this is now the third monthly decrease in a row. The concern with this is that, if you're not selling as much inventory as you used to, you start basically building up inventory more, and that means you start getting into the direction of oversupply while at the same time as having higher interest rates, higher costs lower purchasing Power, there's really only one direction that prices go after that now.

This is the third monthly decline that they've seen in the metro, vancouver housing market uh. Third in a row uh, and now they see that, on the supply side, the number of properties listed for sale in april shot up 5.3 in march. That is now the fourth monthly increase and you're kind of seeing murmurings of that same thing happening throughout the country. Where now you're, finally starting to see housing, supply kind of, do do this, like the slow kind of s-curve ramp right and you're, getting the reverse, like the slow kind of s-curve to the downside, ramp of of price appreciation and sales.
So those are things to keep in mind, uh and certainly they're, entirely likely to cross uh, but anyway, uh bloomberg is also - and this is the other thing that i've been talking about regularly - that you have to watch for. Is it's not so much like? What's actually happening, that scares home buyers or whatever it's like literally, what are people saying on the internet right now? That could be totally wrong. It's entirely possible. The housing market soft lands.

Fine, we have higher rates for a couple years, they'll come back down. I widely expect rates to come back down. I think people are gon na, have a great opportunity to refinance down and they probably not financial advice shouldn't like pay money to get a higher or a lower interest rate. Just take the higher rate, take the credit and then refinance in the future, but now you've got bloomberg saying that in march a measure of u.s housing affordability fell to its lowest level.

Since oh wonderful year to compare to 2008 housing is only getting less affordable. Uh in the coming months, the fixed home buyer index fell to 124 in march from 134 the prior month, according to the association of realtors, with declines signaling that homes are becoming less affordable, that's no surprise, and then they go on to uh. To give some examples of how much it costs now uh for for an average 400 000 home versus not - and that's not so much important, what's really important - is that we know purchase power, declines 10 for every 1 that we see rates go up. So these are definitely things that we want to pay attention to in the housing market, mostly because that can also trickle over to the stock market.

If we start seeing people's impression of wealth decline because their underlying assets have lost value, then they're less likely to spend. Like loonies on uh, travel or or you know, goods, and you know new refrigerators or solar panels or end phase inverters. I hate saying that. Okay, i hate saying that, because i love in face, but let me just tell you and i might be really early with it, but if people's home values are going down, i guarantee you days not putting all solar panels, at least not at the rate at which They they were previously right, like somebody's still gon na buy solar panels.

It's not like these companies are gon na, have their business go to zero uh, but but yeah expectations will be yeah anyway. My thoughts okay, now next thing that we need to talk about and we've got about, four minutes to go uh. There are uh five graphs that tell us we are not yet at the bottom of the market and uh. What one thing that might potentially signal that we're at the bottom of the market is that there is now a wonderful coupon code.
That's firing, may 15th link down below for the programs on building your wealth. We'll have a large price increase this time coming up in the middle of may, because we're gon na have a content. Drop price is going to go up thanks to inflation and um uh. Well, uh yeah! Well, it's coming so stay tuned now, uh, one of the things to look at is have we hit the bottom of the market, and so i want to show you five charts here.

I think these are really interesting. I picked these out this morning. If i could hit the button correctly there we go okay. This is this is number chart number one uh, i'm gon na have to hide myself here for for a few seconds, but so this is uh.

These are sort of bottoms charted here right, so you see some bottoms in the market. You see, the s p is the black line, and so look when you kind of get these s p declines on your black line and the blue line corresponds with these s. P declines almost regularly, and so you hit these crazy bottoms over and over and over again every time you get these big declines, and so this is a measure of the net number of stocks declining not yet at extreme levels. So that's their definition.

You peg a definition of what extreme levels is, and then you see net stocks declining right, okay, cool, so we have not actually yet today hit like a super low if anything, we're kind of like over here at like the early, the end of 18. But we haven't hit like the dead end of 18, yet which was like really bad right: okay, cool! So that's that one which says hey you know things could actually still get worse. Here's one excess liquidity, not being supportive, so excess liquidity is like uh cash printed. Minus economic growth, the difference is deemed excess liquidity uh, and so they put global markets over this, and usually what you see is uh.

You see excess liquidity. Uh kind of you know the blue line here, which is your excess liquidity line kind of over. Here. It's tracing as you get this liquidity going down you can you can have these shorter term uh drops to the downside.

I think this is probably one of the most blurry, but what you see here is the stock market on the right side, stocks going down excess liquidity going down, but you know are: are we at the dead bottoms on this one? I don't know it looks. Who knows, maybe we could go down a little bit more, but we're definitely on that that lower side right kind of like that triple bounce on the qqq. Here's another one net number of stocks making new lows. So this one is actually bad like this one says: no we're not even close to a bottom.
Yet because look at this, you have new 52-week highs, minus new 52-week lows, which would imply like if everybody's, like a ton of stocks, are hitting 52-week lows. It means there's broad-based pain compared to the index and so obviously in down markets. You would expect broad-based pain, but look at that like we're over here, we haven't even hit some of those levels that we've seen in the past. Now there could be other reasons for this and such but uh there are two more here sentiment is closing in on the contrarian territory.

This was actually kind of suggesting via bull bear spreads off in options that we might actually be kind of kind of getting close to a bottom, and this one here says: hey long. Short-Term volatility doesn't show that complacency yet, but you know maybe there's some room to go so i would say out of these five charts. We probably have two or three of them that are like yeah. No we're we're pretty damn close to the bottom, but a couple of them are like i don't know, i don't know there could still be that there could still be that, like panic, push we're pretty damn close, but there could still be that panic push now.

Personally. Uh, i think this. This is all gon na end up being one of those green dots, aka a bottom uh, i you know, i believe that the fed's gon na be faced tomorrow with a negative quarter of gdp and uh. You know they're going to get laughed at if they try to call the negative quarter of gdp transitory and don't finally recognize some of the tightening that they've already been implementing in the market.

So we'll see my thoughts anyway, let's get to the closing bell, all right. Closing bell folks: here we go we'll see how things ended, we'll get to earnings, energy and financials. Are your best performers, consumer, discretionary and staples? Are your worst nasdaq is going to close out in positive territory dip negative a few minutes ago. It's up half about a quarter of a percent, so kind of a split for big cat tech.

Today, small caps doing exceptionally well. That does it for me here on closing bell, see you back in new york tomorrow, i'll send it in all right there you go so uh. What do we got? Well, take a look at it here. You've got the dow jones up 0.2 percent.

I'm actually surprised we're green across the board today and look at that. A 3x outpacing of the russell 2000 over the nasdaq. Usually that's a little bit of a sign of risk on. So you got the dow up.

0.2 s p at 0.48, nasdaq up 0.22 russell up 0.67 really fascinating. Now we got a look at el calindar, okay, so el calindar says that we've got amd coming up in 15 minutes airbnb and starbucks and lyft coming up in five minutes: uh micro strategy. Well, we they're basically just bitcoin uh aig, okay and uh, and some other bulging genetics and some other companies, but we really want to pay attention to those biggies and uh boy. I've got like 12 earnings transcripts that i still have to put on a video for y'all uh that are really insightful, so stay tuned for that in a future video uh.
Actually, i've been having a lot of fun. While i pull up these earnings here today, uh, i know this doesn't sound, like maybe it'd, be a fun thing for normal people, but negotiating an office. So it's gon na be really cool to like get out of the work from home. You know when i went on yahoo finance and i got ambushed.

No, i'm just kidding. I like them a lot when i went on yahoo finance. They brought up one of my tweets they're like oh kevin. You don't like work from home anymore.

You've been doing that for 13 years. I'm like that's right, give me the f out of e yeah uh, so we'll see it's gon na be fun all right, so uh, let's see here next, while we wait for earnings the first ones coming out our airbnb starbucks. Oh airbnb is out nevermind uh. Okay, they are forecasting a beat.

That's good. Revenue comes in at a beat, 1.51 billion versus 1.45 beat the guidance coming in at a midpoint of quick math, 2.08 versus 1.97. That's a beat, adjusted ebitda huge beat holy crap. That's almost a 3x speed on adjusted ebitda 229 million versus 75 million.

This is this is a phenomenal phenomenal beat uh that that's uh, that's really good! I mean it just shows. I mean knights and experiences. Booked 102 mil versus 98 uh. That's like a quadruple beat for them.

This should be up five to ten percent. Let's see here, uh, okay, it's up five percent i'll, take it uh, wow yeah! No, that is that is phenomenal. Keep in mind that like they're, basically right now, sitting uh at uh uh at ipo level, you know it's, it's crazy! So uh hey! You know we'll take it. Let's uh! Let's see! If we can.

Oh, it's gon na play it like that. Okay, uh i'll fix this later, but anyway, okay, so um airbnb bobbing around sitting at about that three percent, uh airbnbc subs quote: listen to this one. Okay, this is the kind of stuff we want to be paying attention to. Airbnbc's quote substantial demand for travel.

Exceeding estimates don't mind me going to florence this month. I'm super excited. Actually this is going to be the first time that lauren and i have gone on a trip since uh 2019 without kids we and those weren't even vacation. I mean we kind of tried to turn them into like little fun parts, but that was back.

I used to do seminars back in 2019.. Anybody here in the chat been to one of them: that'd be crazy, but uh. It was uh back in 2019, it'd be like uh. Let me teach you about real estate kind of stuff.

It was really cool, but i did those uh all of 2019 leading up to the pandemic. My last one was february of 2020 kind of crazy, but anyway uh we haven't traveled since then, so we too are like yes. Yes, we would love to travel so uh, that's airbnb, for you not a surprise, waiting on starbucks a lyft and amd next but uh. Let's go, i mean that is honestly, that's bullish on on uh airbnb, here uh.
I will quickly, though i want to look at you know this morning. In the course member live, we made a spreadsheet, that's really really cool. We were working on like beta waiting portfolios and uh and and uh evaluating sort of where companies fit in relative to each other, which is really fun great way to kind of start research. You know still at like 152 they're sitting at uh.

They've got a beta of like 1.17, which which i think should probably be higher, although that is adjusted, but their pe for 2022 is like 90. uh. You know their growth's, like 23, so you're paying you're paying a pretty penny for airbnb uh. You know who knows maybe it could be a trade in in the short term here after the fed meeting and and maybe it goes back to 170 or something like that - 180 whatever, but uh, it's still on the little pricey side, but uh.

I i will say you know, for okay: lift it's good for the market. Right lift beat 875.6 mil versus 844.5 uh, they had a net 24 point million dollar income and they had a loss projected of 21 mil active riders comes in at a miss 17.8 million versus 18, but it looks like they will charge more for those uh. They had uh q1 revenue yeah. Absolutely that's a beat yeah! That's really good! That's really good! Let's, let's see how lyft is doing uh lift up about two percent.

You know that miss on active riders - probably not like superb all in on disney uh. You know i i'm so tired of like the woke crap uh like becoming cancel culture right. It's like i'm, i'm like purposefully like not selling disney stock, because, like i, i will not participate in cancelled culture like if anything i want to add more to it. It's it's look get over the politics, it's a great freaking company, uh with with very very high margins.

So we don't have a political discussion. We could do that, but uh yeah, airbnb revenue, climbs on record, nightly bookings and higher prices. Lauren made me iced coffee shout out to lauren, hey where'd. She get a post to her channel again, hello, lift up now what 3.4 airbnb up five or so good good, good, good, good yeah, let's go to qqq.

Should i huddle cash to buy real estate or stag inflation gon na screw things up? No, you get a reduction in real estate prices. You buy, stay woke, go broke. I know uh yeah, all right, so where's starbucks, still no starbucks and amd uh amd comes out in nine minutes, though starbucks is late, qqq moving and the afters. Let's go.

Look at that. Did we have a five minute close above the line. Please tell me: we had a five minute close above the line. Damn it look at the closing bar come on man, it's like that would be the good omen.

That's what we need. We we are not, i i i don't know man, i just. I can't see it going lower than this. I think we're all gon na kick each like we're gon na kick ourselves in six months going dammit.
I wish i bought more than i'm gon na be like yeah, but i wish i went into margin well, uh come on. Let's get those earnings xbox. What are you doing? I just bought a starbucks. Yesterday i almost got an office next to a starbucks.

I thought that would be kind of cool, but um. You know this. One we're negotiating now is uh a little more entertaining a little bit: yeah yeah, hey landlords. If you're watching you're sucks, there's a better one, i'm looking at uh, okay, so lift riders up 31.9.

Lift reports 2.2 billion of unrestricted cash wow dude. How do they have that much freaking money like they're, just hitting me for a moment like what lyft has 2.2 billion dollars? How much staff does lift lyft have anyway, i mean like most of the people are 10.99. So you just need, like programmers and customer service uh how many employees have left 4 400. holy crap? How how how do you - four thousand employees - okay, dude, ten billion dollar company wow? Okay, all right come on amd is a big one.

I want to see that miss on the chips, but starbucks starbucks comes in comp sales up. Seven percent estimate was seven point. Five one percent north america beats twelve percent on the beat here. Uh eight point: six six percent was the expectation.

International comes in minus eight percent international china down 23 dude. China is in a recession. You do not listen to the ccp sccp. Please don't come to my house.

Okay, we can be friends, we can talk about this, but your numbers are cooked. Dude holy crap, china, uh starbucks's, china, sales down 23 percent in q2 versus negative 6.5 estimate. Uh. Let's see here, revenue comes in at 7.64 bill 58 cents of eps adjusted eps missed by a penny.

That's really interesting. China's uh! Let's see but don't worry, the chinese government says the uh slowdown is transitory. Oh i'm an uh starbucks sales down 23 q2 versus negative 6.5 uh projected, but don't worry rejected, but don't worry the chinese government says the slowdown is transitory. If you want to like that, tweet make sure to follow me on twitter at realme, kevin okay, uh net revenue actually comes in with a beat uh.

So netref comes in at 7.64 billion versus an estimate of 7.62 okay, but they still missed by a penny on eps right uh. Oh no, now they're saying it match dps all right, whatever uh, so qqq is actually up at 3 20.. It's actually moving positively here on all this travel news uh. You know no recession talk here, but that's a huge miss on s box from china, and i mean obviously like there's going to be an international factor too, for russia amd.

Oh, my god, they raised their estimate. What dude? That's like a that's like a 10 beat on the estimate: gross margin, 54 they're, raising prices so freaking much that uh, that inflation is helping them. What revenue beats. Computer and graphics revenue comes in at 2.8 billion.
The estimate was 2.67 billion uh. They had capex of 71 mil less than expected, adjusted eps of 1.13 dollars versus 92 expected huge, beat huge, beat on the bottom line. Uh more than 10 beat on the top line, revenue 5.9 billion. That's a 10 beat on the top uh, it's a beat on the the bottom.

It's uh a beat on the forecast, dude and and everyone's pricing this market into a recession dude, it's that it's a triple beat man they're, raising prices, so freaking fast that they're not even worried about inflation, they're. Just like yeah we'll take your inflation raise prices holy smokers. Uh barons wrote an article about how china's economic pain could help avoid a global recession. Oh interesting, i will more than happily react to that.

China's economic pain avoid global recession. Wow uh amd up about four percent now in the afters, it's actually kind of nominal, for the kind of beat that it is it's a really good b, oh wow, that's literally what the title is: okay, all right! I'm gon na sign in here and i'll find out. Wow uh look i mean the the north americans are spending money. The chinese are not wow.

What a surprise if you've listened to this channel, just like literally one day out of the last year, you've probably heard me say that and if you've been here, you know every other day or daily or a couple times a week, you're, probably like yeah yeah. You know it kind of has been saying: don't bet on the chinese consumer, i'm like you, don't need to be hit with a brick on that one. Well, he just did uh. I mean that's obvious, but uh we'll see i mean.

Who knows maybe it'll get better. Don't look like it, but maybe get better so uh yeah, that's that's an oopsy-doopsies. 23 drop. I mean that's, that's almost four times the drop they were expecting.

It's terrible uh operating margin for amd comes in at 31 percent. The estimate was 27.4 percent uh. The starbucks opened 313 new stores in q2, ending with 34 600 globally. 51 cooperated 49 licensed interesting, uh, okay, wow! That's really these really very, very interesting uh earnings here, uh.

Let's, let's take a glance at this uh barons article that uh, you know somebody here is talking about: i'm gon na pull it up together, so we can look at it. We'll react to it on the fly all right and just take me one second here. It's actually sounding like it's gon na be a good one, but uh hold on one sec, uh, okay, cool now, l, it's so password. They just log you out all the time, but it's okay! I have it.

I have it. I have a password manager, uh. Okay, here we go and one more button push and then we're gon na look at it, got it so efficient. Not it took forever uh okay, so here we go all right, friends and family.

Today we are going to react to this article together, because a member of our beautiful livestream community has asked us to react to how china's economic pain could help avoid a global recession. This comes after me suggesting that china is hiding the fact that they're actually in a recession. It also comes after the fact that starbucks just reported that china's sales are down 23 in q2 starbucks china, sales, that's versus the 6.5, projected that's almost four times as bad as projected, but don't worry folks, the chinese government says the slowdown is transitory. So with that said, we need to look at this article from yesterday evening about how china's economic pain could help avoid a global recession.
Now i have not read this, but i will say i'm like like they definitely got me with the title because i'm like i'm not sure how the second largest economy in the world having a slowdown could somehow avoid uh uh help avoid a global recession, but unless They're talking about like year over the only thing would be like, oh, but it started being bad in like the second half of last year. So it's gon na be such a bad comp in the second half of this year for the globe that if we were thinking we're gon na have a global recession in q3 q4. Well, we're gon na be lapping bad comps for china, so we'll actually average positive. That's like the only like twisted mental math.

I could anticipate, but let's see what they say. The dire state of china's economy doesn't bode well for the rest of the world, but some strategists say it could help prevent a hard landing globally. Oh by forcing central banks to change their playbook, oh well, now that is actually interesting. Logic! Hey look at all this this this, like negative uh growth from china, they're actually going to be the ones who suffer while supply chains then are able to catch up.

Maybe, if we're buying the same things, no, that sucks for the chinese people, but that is also largely in part due to uh the the terrible decisions to uh over build with uh ridiculously loose real estate financing. And then all of a sudden uh come up with a three red line policy and basically right pull all the real estate developers. You know that's kind of their fault, but anyway there is no sugar coating. The economic situation in china lockdowns to fight covet 19, whose effects aren't yet reflected in official data, are causing a severe pressure according to a survey of more than a thousand firms by china's beige book.

Ah, they do a beige book just like our central bank uh. All right, let's see uh virus outbreaks up, okay, growth in revenues and profits from manufacturing, retail and services is already slowing, even more troubling hiring took its first big hit since the initial covet outbreak in 2020, as companies took on fewer staffs staffing, wages dropped well yeah. I mean, if you're locked down, what are you going to hire? For you know. Companies also demonstrated little appetite for credit.
This is something that the chinese people are really smart about. The people are smart about this. They are, they are cash, freaking culture. It's like no debt uh, i mean i have dad don't get me wrong, but like especially when times are leading to like.

Oh things might get tough, no debt, it's really smart. Like it's good, like that's. I wish i like. We always had that kind of discipline.

That's smart companies also demonstrated a little appetite for uh credit right. Both borrowing and bond sales dropped according to the beige book, a troubling sign for investors. The focus on beijing handles the outbreak is obviously a big deal. Okay.

So what about the the central banks? What are they suggesting and sorry bloomberg or um baron's website? Does this stupid bouncing thing? China's trouble come as other major economies face problems as well. Europe is grappling with the economic fallout of war. Spiking food prices, fuel prices, driving up the cost of living us is growing tighter because of the federal reserve raising rates. Ironically, a soft patch in the global economy creates a silver lining because uh, even if it will be uncomfortable for risk assets, it offers the best opportunity for a soft landing.

That is noted. The deteriorating global outlook for demand could keep central banks, including the united states, federal reserve, from pushing interest rates to restrictive levels, providing some respite to the bond markets. Now that is an interesting thesis we can tell like. We can kind of prod for that tomorrow to see how much like how much does jerome powell actually care about a slowdown in china.

Here, my guess is like right now, not much, but maybe when they have to make that decision hey. Do we go from 1.9 to 2.5? Maybe that decision slows down for them uh because of china. Do i really think they're not going to go 50 because of china like we're getting our 50. uh all right, so economists cited strong balance sheets pent up demand for services and staff shortages, encouraging labor hoarding a factor that could bring higher wages and easing pressure on Consumers from inflation is a right, but then people are also spending more as reasons they aren't convinced.

The difficult economic situation will morph into a global recession. Okay, that's an interesting argument. I don't know how i feel about that. One i mean rising.

Wages do increase the capacity for us to pay more right, uh and continue to buy things that, otherwise, maybe we would start sacrificing on, but anyway, uh fed moves are unlikely to induce a recession this year. I think it's already too late for that one, but okay, u.s earnings are still solid. True and china could shift from a drag on the global economy to a positive factor as the country's efforts mitigate a slowdown kick ahead of the 20th party congress. This fall.
Okay, interesting, so they actually kind of are more saying: hey. We think we'll see a pickup. This fall from china, somewhat of of kind of implying that lapping of gdp that i first alluded to at first, which is we're not alluded to. I said it uh, which would be like hey, like you know.

If china starts picking up it'll, actually their gdp look positive compared to the pain of of last fall and last winter and u.s earnings still strong. So it's an interesting argument. I i have to say i think it's a little bit of a reach to suggest that the federal reserve is going to give two craps about uh about well again, hate to say it china, when uh uh. You know when we have so much inflation at home.

So i i'm not convinced i remain unconvinced, but uh we shall see anyway. That's uh that baron's article for you meat in the middle 37.5, bp height yeah. They don't do that. It's because they their range is so actually, ironically, you when you get a 50 bp hike, you probably in practicality, get a 37.5 basis, point hike because usually you trade within that range.

So these are ranges so when the fomc conducts business at 0 to 0.25 percent you're, probably seeing most of the transactions occur around the you know like the 0.1 to 0.15 in that midpoint. So you kind of do it that anyway, isn't tomorrow, just a tease of. What's to come, not really, i think uh. You know tomorrow's a big day yeah.

If we get 25 tomorrow buy everything, although it then it also makes you wonder, is the fed, like oh crap, we actually are going into a uh recession. You know! No, i don't remember my passwords. I use a password manager anyway. Okay, let's uh, take a look at after hours a little bit here, so amd's only up three percent and starbucks is flat and lyft.

When negative, how does how does lift go? Negative? Lift says? Consumers are spending despite inflation. Let's go yeah, i mean that's. This is what you want to hear, not great for inflation, but it's great for, for you know, recessionary concerns and consumers are still spending. Airbnb is only up four percent.

Uh qqq is pretty much flat in the afters here about a quarter on starbucks amd three and a half percent uh. What was the other one? No airbnb amd, starbucks and lyft now they're all right here, starbucks airbnb, lift amd. All four of them are right here: okay, what else is moving and let's see how the things went on the day? Oh dave and busters is dave and buster's really down four percent. Well, let's just see here uh it's going to be a while before the markets care about quantitative tightening, because you got to get through the fed repo market first, which is probably going to take a year and a half before it actually tightens.

So i'm not so personally concerned about that all right. Let's see here day, i see zero news from dave and buster's. So i don't. I don't know why dave mustards would be showing us down four percent afterwards.
Maybe it's just a glitch. Let's just see somebody's asking. If i'm losing weight yeah, i am which i'm really happy about uh, because i started running again like four miles a day. Thanks for noticing uh, i can't believe dave and buses is only a 2.2 billion dollar company like i want to like own them and like rebuild them like they could be so much better, oh well! What are you gon na do all right? I i i don't see any news about dating busters, uh and google's after hours doesn't show that they're actually they've actually moved so whatever okay, i'm bored now anyone else you can still drink full milk.

If you want it's funny, you call it full milk uh, like in america, we say whole milk, but in germany we we, we say full milk. So i are you european uh, but anyway i actually do. I actually do drink whole milk. I love my fat, see.

Ironically, okay and i'm not trying to get on like a nutrition diatribe here, but people you know ironically, fat uh, whether i mean ideally not saturated fats. Ideally, you get unsaturated fats, especially your omega-3s, in your nines, which everybody in america is like, basically deficient in omega-3s, but anyway uh you know, fats make you feel full longer. So there are a lot of people like. Oh, i'm a diet, i'm just not gon na eat fats.

I'm like dude, give me salmon. Give me nuts like load me up with the fat, because then you feel full longer. You know per calorie or i'm sorry per. Is it no per gram per gram? Yeah per gram fat is uh two and a two and a bit two and a bit times as calorie dense as protein or carbs.

Anyway, okay, okay, uh, uh, tequila shots, dude tequila. Shots are great for weight loss. Man stay away from the my ties and go for the straight tequila shots. It's like the diet, you know stuff.

Actually, vodka, i think, is a little better. I think tequila's, like 90 cal a shot and vodka is like 70., but you know we. You know that that 20 cal is not gon na make a difference. You know that's like the tip of a of a hershey's kiss kevin's nutrition lesson over.


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