Hey everyone me kevin here: okay, so here's the scoop. I believe this is potentially the beginning of a little bit of a disaster until at least a few things happen all right. So let's break this down and explain uh. What's going on so first of all uh, you know i i i'm gon na start by saying to all of the brilliant uh people who like to comment.

Oh the indices are only down one percent. It's not that big of a deal. Folks, investing is all about tracking inflection points and when the market goes from rallying to not rallying to fear, then you have the start of a potential problem uh and that's what we're going to talk about. It's the start of a potential problem in the market, so yeah look, we get it.

The dow jones industrial is down 0.62. It's not really that big of a deal, but it signals potential problems. The s p. 500 down point: eight: five percent, the nasdaq down.

One point: seven: three percent and the russell 2000 uh down one point: three: nine percent across the board: the indices are down and volatility is up, uh, six and a half percent. So what what does this potentially signal? So it signals the return of a lot of uncertainty uh. The reason for that is - and - and i mentioned this uh two and a half weeks ago or whatever no - i was actually more like a week ago that uh federal reserve chair person, jerome powell, gives the market certainty. He is somebody who has been very clear: hey basically at this point, he's got the market adjusted to realize: hey, look we're to taper between now and june of 2022 and by june of 2022 after we taper at about a pace of 15 billion dollars per month, Plus or minus and we end the money printing, then, by the time we get to the summer of 2022, we'll be able to assess.

What's inflation, look like now. Are we still in uh, persistently high inflation? Have we started inflecting to the downside? What is happening with prices, because it's very difficult to know exactly what's happening month to month, and if we have a seven month time frame, the stock market gets certainty. The stock market gets this feeling that don't worry, papa powell's got it under control. You'll have a few more documents, a few more reports that come out they're not going to look that pretty.

But don't worry, don't worry everything will be fine, we'll taper for the next seven eight months and then we'll deal with in the summer. It's all good! So if you're worried about inflation, don't be worried about inflation. That's kind of the message that papa powell sends us. It's all gon na be okay and he's kind of soothed and coaxed the market into into believing him.

Now, whether or not you personally believe him or not, he had successfully coaxed the market into believing that don't worry like this high inflation. This is what we're going to go through and it'll be fine it'll go away, or at least start inflecting down in the summer and in the summer we'll react with interest rates. If it's still too high, don't worry, we'll raise rates and we'll deal with it. We'll get it down if it's starting to reflect down well, then we can adjust the pace of our interest rate increase appropriately.

That is what papa powell means. So when, when you think of papa powell, i want you to think of plan. I want you to think of path uh. I want you to think of uh action right.

That's papa powell! That's what you got. You have an action plan. The stock market likes that as long as you've got papa powell report like today is actually not that big of a deal okay, so the inflation came in at six point. The inflation rate came in at six point: two percent versus the five point.

Eight percent expected really beat estimates, and - and this is given that this is not earnings - this is a really bad beat uh and uh yeah. It is the best click bait that uh media organizations could literally have asked, for. It is dramatic, uh, highest inflation readings in 31 years by some measures. It's the highest inflation reading when you strip certain things out for 40 to 45 years.

It's insane! It's a really bad report, so report on itself with papa powell might not be that bad. The reason is, we have a plan. Papa powell has got the action plan, it's okay, because he's got the plan. But now now folks, if you're wondering why your stocks are down, you can look at joe bite and i'm not saying that to be like you know to all the democrats are like.

Ah, here we go again the let's go, brandon stuff or to all the republicans going. Okay. This is not political, joe biden created uncertainty. He has said that he will decide on who is going to be the next chairperson of the federal reserve and he started interviewing other people when you start interviewing other people for a job that the man with a plan already has it sends massive uncertainty to the Market, so you now take the market from a place of really no catalyst there.

There was really nothing scary happening, nothing. Okay, there was, it was like we didn't have problems with congress. Evergreen people have gotten over we've gotten. We we had a plan for dealing with inflation.

Like things were good. The 10-year treasury yield was plummeting. We were down at 1.45. Everything was great 10-year treasury, just jumped 0.1 percent.

That's a 10! That's a lot! It's up at 1.55. Again, it took a while to jump by the way, but it finally did jump as we would expect that it would. It was so weird that it took as long as it did, but anyway, all of a sudden, you literally took this market from having a game plan to oh crap. Mr joe biden, president joba might take away our plan.

This is why, when i made a video, what was it uh last friday uh before before we we, we heard that joe biden was for sure, going to consider interviewing somebody else. Uh i made a video saying: the next market crash catalyst is jpow potentially getting replaced because it is such an uncertainty factor for the markets, because now we don't have a plan anymore. Now, literally, the papa power plan is like that's cool man. You got your plan, but you might be getting fired.

It's it's literally like i picture it kind of like there's a house on fire. Okay and your fish tank is inside and you're like. I don't want my goldfish to die. It is in a fish tank in the middle of the house, and that house is on fire.

You got another 10 minutes to save your goldfish and papa. Captain powell comes over to you and he's like don't worry. We got jimmy over here coming in from the back door. We got walter coming in through the second story.

We got the cannon coming in from the top, we got a plan and we got it handled it's definitely. The fire is definitely worse than what we thought it was going to be when you called us, and it might be because we may have screwed up and turned the gas on by printing a lot of money. It made it all worse, but don't worry. We have a plan to save your goldfish and uh and and you're like okay, all right.

At least we have a plan. I feel, even though everything is a total f show uh an f show s show whatever you want to call it at least there's a plan, and then you get somebody who walks up and goes hey. I'm the uh, governor and uh. I'm thinking about replacing your chief of uh fire, your fire chief, like within the next five minutes.

I know you only got ten minutes left to save your goldfish, but i got ta. I got ta replace the fire chief within the next five minutes because uh i just i'm just thinking about it, just saying what are you gon na think about your goldfish, obviously uh uh. Obviously, your uncertainty level would skyrocket, because it's literally the dumbest thing to do right now. The dumbest thing to do in at this time is to try to pull the rug out uh and and put somebody else in charge of this situation.

It's uh! It's a complete disaster, so i believe - and i strongly believe that until joe biden says, don't worry. I talked to papa powell, he's the man with the plan and we're good. Until that happens, the market could be ready a lot day after day after day. I think higher risk stocks that have had these euphoric rallies where everybody's been leaving comments going.

Is it too late to buy this if you've ever asked the phrase? Is it too late to buy this well, the next three or four days you might get your answer that no, it wasn't too late to buy something um, it's kind of funny how that works, but uh as euphoric valuations come back down to normalcy uh. You do have the potential for buying the dip opportunity. I i personally think the best opportunity, literally the best time to buy, would be the minute before joe biden announces that we're keeping jerome powell. That would be the best moment to buy because if he announces that we're not keeping jerome powell, uncertainty is going to go even more through the roof and things could get even worse.

It's all back to pop power. Sorry and joe biden has created this uncertainty at this point, that it's not political, it's just it's an observation, uh yeah. So personally, i think it was very stupid to to just say by the way, i'm interviewing i'll i'll get back to you like. No, no! No! No, that's not what you tell somebody with their house on fire: okay, like if you're gon na, if you're gon na pull the rug.

The way you pull the rug is so fire chief powell here, great love them to death, but we've actually got somebody. Who's got a better plan for you. That is going to be able to get your goldfish out of there, not in 10 minutes, but in eight minutes and we're making that change right now. The plan is already in place and we're implementing it starting right now that would give confidence to the market again.

Wow did bitcoin just sell down three thousand dollars a coin. That's crazy! I think it did uh about 2. 000, a coin yeah, that's incredible! We ran up to 69 000 when the cpi report came out and then just all of a sudden decided to evaporate, probably because uh as tech stocks evaporate people take some money from crypto and throw it into uh tech stocks as an opportunity to uh uh. You know buy the dip essentially so anyway.

I believe that a lot of what we're seeing in the market right now is purely uh, the creation of uh a stupid political process, and it is creating a very good opportunity to potentially watch stocks bleed out for the next few days. Up until whenever this joe biden announcement comes and uh maybe buy the dip on certain things now, i i'm not convinced uh in in the level of dips. So let's go ahead and take a look at the market and see what potentially looks juicy uh. I like looking at things potentially juicy so ponchmark is sitting at uh thirty point six percent of the day: i'm sorry, that's okay, poshmark and sos setting about 30 to the downside.

Uh sos apparently did an offering very, very common to see stocks plummet when there's an offering, even though the company's raising cash you increase the shares in the float, which basically increases supply, which increases or decreases uh decreases price, because when you hold demand constant and you Increase supply price goes down just mind your p's and q's very simple. It's econ 101 like seriously uh, then you've got uh upstart down 18 at 257. A firm is down 15 to 134, i'm personally looking for something like in the 115 range to potentially start adding. This came back under a hundred it'd, be uh.

I'd, probably go into margin for the thing uh yeah, but you know 135, like it's still pretty good numbers, pretty good uh sheep's at 48.. Let's see here: c3ai whoo down 9.26 trade desk down 8.82 lucid down 8.75. Oh yeah yeah, how is redfin down another 8.7 percent? I mean look at that. The the this all this world is just on fire right now, that's in a bad way, everything's just burning to the ground.

Uh expi is going to be under 40 again soon. Very very exciting uh. Then you have uh coinbase, uh coinbase and we'll talk about we'll talk about evergrand as well. Don't you worry? It's it's not just it's not just evergrand! Okay! It's a lot has to do with politics here in america, uh coinbase down.

Seven point: four percent wow voyager digital down: seven percent uh. This is after it ran to like 21 yikes cardano uh, just it was at like 1 30. This morning, it's not like 211 right now, a lot of volatility in this market palantir down; seven percent uh, open door; six point: seven percent, robin hood: six percent, uh golly, there's a lot of of uh pain over here right now. You've got uh shift technologies down 5.4 percent canoes down 5.7 or 5.5, whatever uh we've got canadian solar over here uh yeah wow, cloudflare cloudflare, coming down to 195 back under 200..

A lot of that that euphoric upswing that we've been seeing we're rotating back down. Look at this etsy under 250. Again, i can't even believe i'm saying that, because it's it's just run so high, but yeah etsy back under 250. beyond meat, getting smoked zillow going to the downside, uh you've got uh end phase uh down three percent and by the way, i'll i'll talk about.

When i think that jerome powell is actually going to make a decision uh in just a moment - uh, let's see here dave and buster's three percent to the downside, wow yeah, there's just a lot of deep red right here. Look at ethereum! You turn down it's about. Two 300 points to the downside: bitcoin uh. The last price here on on on weeble is actually showing bitcoin at 65 300..

It's a a good chunk lower than what coin market cap showing right now piton down at 49.. It just keeps going uh where's paypal, paypal somewhere over here too square down 1.58 pinterest down 1.53. Almost everything has turned red, yeah, there's paypal again, another half percent another one. I haven't actually seen tesla uh tesla where's tesla.

Out of all this disaster, that's going on! Alibaba's actually up two percent: oh yeah, of course, tesla's up uh, four point: eight five percent, that's very, very bizarre and odd, but i'll take it oh and outlet's up twelve percent. I wonder what the news was on outlet, but anyway uh okay, so so when, when uh and if you're just now joining, i highly encourage you why rewind and and watch my explanation of what's happening, it's it's very, very vividly described uh. We we got to talking about a fishbowl, a goldfish joe biden, you and uh papa powell, but anyway, when when could this potentially end? Well, i think that joe biden, who already kind of foreshadowed that uh he's he's gon na, be the one to do something for the people he's he's gon na come out. He's gon na he's gon na make sure the inflation trend reverses to me.

That's actually a red flag that he is potentially more likely than not to make a change on uh on on the federal reserve, chairperson uh, to shake things up a little bit uh to um. I think it would be making a mistake but uh. I think that is what uh joe biden is going to politically have to do, and here's why joe biden realizes that a bad inflation report makes his opportunity to pass the buildback better plan very, very difficult uh. It makes a lot of things very, very hard for him uh.

I know the market's about to close too, but anyway, it makes things very, very difficult for him if, if, if he doesn't get inflation down like within the next like month, basically his buildback better plan's not going to this year next year, we start going into electioneering Again for the 2022 election cycle, his entire plan could completely fall apart. It's it's not ideal uh for joe biden at all. So if he could signal, don't worry we're gon na be we're gon na be tough on on inflation. By replacing the federal reserve person he's gon na, do it, let's listen to the bell and we'll catch up with the rest of this thought here off the session lows, but still higher inflation readings and concerns potentially about valuation after this has been a very strong part Of the market there goes the close all four major averages in the red wildcats joined down one and a half percent.

Look at that. The dow down point: six: six percent s: p: 500 down point: eight: two percent nasdaq down one point: six: six russell down! One point: five: five, all straight down, not very good, not very good at all: uh, okay, so uh, that's uh, huh, that's not so good, so um the indices, obviously down. Let me quickly finish my thought here on jay powell, so i think there's a very high likelihood that joe biden is is going to make a shift at the federal reserve now and today's inflation report uh reiterates that joe biden's probably going to pull the rug out From jerome powell - and i don't think the market's going to like that for exactly what we described in this video for the thesis that i already gave watch it if you haven't, if you jump to the end big mistake, but anyway, i would expect within the next Two days, let joe biden sleep on it tonight uh, i think, either tomorrow or uh friday, we'll get some kind of answer uh in terms of what what are we going to expect with who's going to be the chairperson of the federal reserve and then the market's Going to have to try to understand uh. Is this a good thing? Is it a bad thing? Where do we stand? That's that's my trajectory so uh.

I think that probably we're not going to see a uh a an answer today again because of the whole, like joe biden wanting to sleep on a thing, my guess so thursday or friday are going to be sort of the target dates for me, thursday. We should also, by the way, hear from uh tesla whether or not elon musk sold on tuesday. My guess is, he did uh and uh yeah. Then the market can really start putting the pieces of the puzzle back together and start trying to feel a little bit more confident again, because right now, confidence is, is very shaken.

It's very low uh. This massive click bait, although it is true uh of inflation - is, is a very, very big problem. Okay, now we have earnings to cover. We have disney, we have wish.

We have sofi, we have a firm uh. We have a lot of earnings. I do not think i i am very pessimistic about every single earning that we are going to have the reason for that is you're in a very uncertain market. So any little thing that's said that slightly pisses the market off back and we've got a lot.

Oh wow jeez yeah. We got a lot uh here. We've got uh bumble: oh okay, so uh we're going to look at bumble. We're going to look at gevo reporting, tattooed chef reporting.

We have open door reporting, we have beyond meat reporting, sofi reporting. We also have a firm reporting, not optimistic about any of them wish and walt disney whoo. It's gon na be a big one. It's a big day.

Uh is honest, also reporting if they're also reporting i'll pull them up, but i i don't know they're. They just they're too tiny to to apparently show oh yeah you're right, they're reporting today, okay, fine, i brought them up problem. Is i'm probably not going to get a summary of them but well? Well, i can figure it out. I could always just pull it up.

Okay, so we are now waiting, we have again walt disney uh wish a firm sofi beyond me, open door, a tattooed chef, gevo, bumble and honest wow, a lot of earnings okay hold on somebody just reported. Who was that is that gevo gevo okay gevo comes in with 144 uh, i'm sorry uh. 142 000 in revenue, that's like ridiculously low loss of 14.4 million. How is that in line i mean? That's just gevo just have no contracts uh.

Well, they were expecting 268. 000 in revenue that doesn't sound inline at all, that sounds like uh, like half of what the expectation was, but gevo's such a small company, some. Sometimes it's just it's hard to know exactly what what the market was looking for here, but anyway, um vacillating a little bit in terms of the after hours, we're waiting for the big ones right now. The big ones should be out literally right now, oh yeah.

Here it is disney disney nine cents, uh of eps paid subscribers for disney plus 118.1 million. We have uh adjusted eps for the four for this quarter, coming in at 37., uh 37 cents versus an estimate of 49 cents. That's a miss uh. We also have uh revenue missing disney subscriber numbers missed, but this is uh.

This is so far as the triple miss uh. You've got a revenue. Miss you've got an eps, miss you have the subscriber numbers missing: 118.1 versus 119.6. That's not good.

Uh disney has miss. Miss miss and market does not like misses right now, disney going down uh to about 167 uh yeah, okay, very high expectations, apparently in this market. Here it's not good beyond me: net revenue, oh my gosh. The guidance is horrible.

Horrible guide, the net revenue guidance for the next quarter is 85 million uh to 110 million. The expectation was 131 would be the midpoint midpoint instead is like 95. Here, that's a big big horrible guide, terrible guide by beyond me. Uh you've got beyond me net revenue at 106.4 versus an estimate of 106.1 that is technically a beat, but the guide is horrid, very, very bad guide, not no.

No, no! No. The markets do not like bad guides uh. We like good guides like a good tour guide. That's not good uh guidance is not good if anybody does guidance.

Well, it's a firm, open door comes in with revenue, uh they're forecasting, 3.1 to 3.2 billion in rev. We've got uh q3, adjusted emitter of 34.5 million versus 24.5 million expected that's a big beat on the bottom line: loss per share of 9 cents. The estimate was 21 cents, that's a beat on the open door. Uh remember, open door is the only one.

That's profitable here out of all the eye: buyers uh, that's very profitable with the by buying business, so they they've got the model down and they've had the model down a lot longer than still on redfin and i've covered open door. A lot uh. It's suggested. That was the one reason open door is is interesting.

It's not one that i'm have big and heavy on, but yeah good job, open door pulled it off. That is open. Door sees q4 revenue 3.1 to 3.2 bill. The estimate was 2.92, that's a beat on guidance, speed on the bottom line.

Uh the revenue was a beat 2.27 versus 2.01 billion. This is a triple beat on open door, open door getting rewarded here substantially. The stock is up 13 plus percent. Wish.Com misses revenue 368 versus 373 expected uh.

What is that, like? Six, seven percent or whatever wish, is actually up ten percent here, uh, let's see which announces ceo transition. So i don't know what's driving this as a catalyst, but you got a small miss here and the stocks clearly uh running, very well. Uh disney plus hits slow down and adds just 2.1 million subscribers disney cost to address government regulation totaled about one billion dollars disney. Will continue to incur costs of government regulation, blah blah blah affirm a firm comes in a beat revenue is a beat 269 269.

Let's go uh 0.4 million versus 252.2 expected uh. The guide is better too. Yes, that's good! Next quarter: guide 320 million to 330 million expected versus 298. That's good uh! That's a good guide uh! That is an expanded relationship with amazon.

Let's go and a revenue beat yes, yes, affirm good job. I want to know what the expanded relationship is with amazon, but this is good, especially after the venmo and mastercard like oh, but we have pay in four man screw you're paying for it. Take your paying for and call it and call it a a credit card. Uh that that you just don't pay off for four weeks, stupid uh a firm's got something better, but anyway uh.

Yes, a firm is up 14 on this. Finally, let's go. That is a very, very good earnings right there, uh u-turning that pain, that a firm has seen very, very good uh. It's wow good job affirm very, very impressive uh good.

The guide is very, very good, especially since a lot of companies have been lowering their guide. Etsy amazon, paypal, they've all been lowering their guidance for online sales in the last quarter of this year, calendar fourth quarter a holiday season. A firm is now guiding above estimates. That's juicy good job of firm and okay s seriously.

So fine others. They don't give me a summary on sofi, it's fine i'll i'll figure it out myself hold on okay. So so far we were looking for 250 1.5 mil in revenue and adjusted eps of 10.6 cents. What did we get? I'm looking at the letter, i'm looking for the numbers we had revenue of.

Oh, that looks good. Uh 272. The guide was 251. That's a b.

It's a beat on revenue. Where's the eps go down to the statement statement, statement statement uh come on. Give me eps. Please please, where the heck is it, i have no idea where it is: try to quickly find it when they don't give me a summary.

As a disaster. Uh, okay, they're redeeming their warrants. They announced that on the fourth: that's okay, i don't know what their eps is, but their revenue was a beat by working with the biggest digital influencers across youtube, twitter, instagram and tick tock. We drove an additional 400 million impressions and 775 000 engagement with sofi content.

I feel why does that feel like a little bit of a low kind of conversion, but anyway uh, okay, yeah anyway, revenue beat i'm not sure uh at a quick glance here, where a guidance and outlook, let me see this guidance is expected to exceed quarterly guidance Of 245 to 255 by 13 at the low end, uh third quarter adjusted net revenue of 2c exceeded quarterly guidance. That's right! We already saw that that was a b adjusted ebitda for the quarter exceeded quarterly guidance of a loss of 7 million by 17 million wow. Okay, good, i mean it looks like the bottom line and the top line beat here on so far so so far so far actually looks good, but it's difficult because i don't have a summary on this. One yeah so far is going up.

Eight percent on this news, good job so far beyond me, oh yeah beyond me - was the disaster. We already saw that beyond me. It was a disaster, a firm open door and sofa did very well here, tattooed chef to reschedule their earnings here goes the entertainment, uh. Okay, so tattooed chef is rescheduling.

Delaying bumble. Bumble comes in with a b. Uh bumble jumps 4.8 percent post market with a fiscal year revenue of 765 to 768 forecast. That is a beat of the estimate of 752 to 762.

bumble, q3, paying users, 2.87 million versus the estimate of 3.05. That's a miss on paying users, bumble, q3, rev, 200.5 mil versus 198.5 and q4. We already read that good job, okay, good. So beyond me does what i i'm sorry beyond me.

Just horribly uh, okay, honest company comes in with uh a beat. A slight beat revenue of 82.7 million versus 80.5 million on revenue. Gross margin came in. Basically at estimates of 35.8 percent came in at 36..

Loss was six cents estimate, was six cents, so uh, honest slight slight little beat here four point: five percent: fair: okay, tattooed chef: i don't this hippo report today. Although tattooed chef goes down after they start, they reschedule their earnings. They rescheduled at 05. Right here is when they rescheduled okay, i wonder how far out they rescheduled it to is it just tomorrow or or when uh previously scheduled for november 10th.

The delay is the result of additional time required. Finalize the company's financial statements come on man all right. They didn't even give a date they're. Just like never mind.

We don't want to report on the same day as beyond, meets reporting, never mind. Don't don't worry. We just haven't yeah. Let me just stop.

I'm gon na stop uh! Oh well so uh open door, the most profitable of the ibuyers up 20. Congratulations! Opendoor! You win where redfin fails. Congratulations, affirm up! 10! Congratulations to firms shout out to the affirm team. I love you all! Uh, honest company, five percent, that's good! Uh! We keep seeing talk about this potential baby boom coming as well.

Uh, we don't use honest diapers, we use we use pampers. Oh laura said there was a reason for it, something about the fit that she's tried them before. I i don't remember what it was. I'm gon na ask her uh i'ma just call her because i kind of want to know hey how come you don't use honest stuff for our children.

Oh you've tried them, though right oh uh-huh, okay, we'll go buy some right now and compare okay. Thank you! Bye! Okay, so apparently there's only the rumor mill that maybe the diapers aren't as comfortable uh and uh. Lauren has actually not tried the diapers, and so now we're gon na go, buy the diapers and we're going to let max decide max is going to tell us whether or not we should invest. Oh hello, oh wait, wait hold on hold on hold on.

You need to you need to tell the world this okay, and so so, okay go ahead. So andy bought some okay, so you didn't buy any andy and uh. She said they were really scratchy and they gave major diaper rash so compared to the pampers. Oh okay, yeah, okay! So so we're not going to try honest! I don't want to now after that review.

Okay, see you later! I think we still need to try. I'm gon na go. Try the diapers on myself um, i don't know i i think uh. I think it might still be worth worth the try to either corroborate or or uh deny anyway.

Okay, so hippo uh, let's see here, lauren's a short seller. She probably is she's, probably running a whole sideshow. I don't even know about the real reason my portfolio exploded in 2020 and 2021 lauren. Oh dear all, right hippo raises full year growth outlook for total generated premium.

Hippo raises full year growth, outlook, uh, hippo, lemonade owners. Premiums continue to grow at exceptional pace, uh blah blah blah, okay cool. So not a good summary here from uh. What i mean not much of a summary here from bloomberg terminal, but uh hippo up a paltry loser.

Three percent here boring disney now down four point: six: five percent uh! That's that's incredible! Uh! That's! Oh! Okay! Um! Okay, wait! Wait! A minute! Wait! A minute! Armando armando's! Coming out armando armando says! It's true are the honest. Diapers are not comfortable, he's so passionate about saying this that it came out in all caps and with a small little typo here, armando's, not happy because he says they are not comfortable, and this is after two kids, okay, uh, shannon says such a shame, because they're Really cute lauren actually said. I don't think i ended up saying it, but lauren actually said well. I was not on speakerphone with lauren that she worries that people are overpaying for them because they're cute um, she said not me uh huggies, after seven kids jeez.

That's awesome, congratulations, dang, seven kid man, i'm jealous. I want seven kids, man yeah good for you. That's cool, uh, yeah, okay, so disney what oh my gosh look at beyond me. You know i was talking about this yesterday with beyond me before this disaster here and i'm, like you know beyond me, used to do this thing where it would channel and it was, it was a rough channel.

It was a pretty volatile channel. You know we did a lot of the the dancing, but lately stocks have broken down out of these channels and they've created new falling channels. It's been kind of bad, like um, beyond meat has done this. Oh what's another one! That's done this! Oh! I just had a tip of my tongue, but now i now i don't remember, but there have been a few that have been starting to break.

Oh wayfair. Remember how wayfair always used to go back to 300. I mean it's it's sitting at the lower end of this, but it's it's not it's not going back up what what happened so uh yeah, no, the this people are done. Buying food at home.

The the buy food at home thing is, in my opinion, a gigantic mistake in this market um whatever so then, okay, yeah firm, did really well here. They released an earnings supplement as well. I actually want to look at that earnings supplement because maybe it'll tell oh wow. Bitcoin wow bitcoin dropped three thousand dollars: uh investor relations; okay, so, let's see here, rest relations, investor resources, uh annual reports.

Now, let's see news news here, we go okay, amazon partners with a firm. We already knew that. That's that's old news here we go okay, i want to see the supplement no come on. Maybe it's under the presentations button there.

It is earning supplement. Oh look! How pretty it is, look at it: okay, uh! What we're looking for is ah look excluding peloton, that's what they did last quarter too. Oh my gosh uh. Oh i'm gon na go through this in in more detail later.

This is this is pretty cute uh. I will go through this in more detail later uh. I wanted to see if there was anything on. No, there was nothing on more on the amazon in this, but that's okay, i'm gon na go through this, because this is mostly numbers.

I love numbers, but they are somewhat boring for me to review live so i'm not going to go super heavy on on uh. Financial statements live here. Okay, so what do we have here? We had disney getting smoked. Sofi beat a firm, beat beyond me, no surprise getting smoked, uh and not in a good way, either open door uh doing very, very well as well honest.

I mean for what it's worth. It's uh, it's still up. Eight percent i mean it has been in the toilet but uh anyway. Yeah, look at this beyond meat, plum.

It's 15 out. Oh owlette was up 12 percent on the day and now it's down 11, my gosh uh. What happened to owlette it just basically gave up whatever its gain was today. That's because owlette, oh gosh, owlette came in with a big loss: 36 uh 36 cent loss versus a consensus of a six cent loss.

That's not good! That's bad um, bitcoin crashing right! Yeah that i just think is so weird did mq report earnings today as well topo chico time yeah. It is uh yeah ouch peloton, no kidding okay. So what was the other one? That reported? You said. Somebody said there was another one that we reported: oh mq.

Let's see what mq did they do? Uh like credit cards and stuff uh custom credit cards for companies like a firm uh mq jumps uh. They had as an eight cent loss versus a 13 cent expected loss. That's a good beat wow a 15 move. Is that true, probably 10? Now, okay, okay, wow good job mq now sitting at about 27.82 mq's? Have this like crazy euphoria uh? This momentum swing here kind of interesting, but that's good, very interesting earnings.

Today it wasn't all bad. There were actually quite a few that did quite well firm sofia, good, open door crushed it beyond me, 78 tattooed chef on rescheduling their earnings call 3.66 to the downside. Oh ouch uh bumble bumble actually falling 4.2 percent after their earnings. I didn't think their earnings are that bad uh looking at the upside, oh my gosh, a farm is up twenty-four percent - oh dawg, bitcoin's free-falling, i'm free falling! Look at that whoa plummet to the ground.

Is it? Is it gon na recover over our uh, our like little weak support line that we've drawn here? I had no. I've had no supports above this level, and it appears like it's now vacillating where my support line is drawn uh, wow, btc dirty. What is it with cpi day always being a peak for inflation? It's quite interesting wow. That was a sudden sell-off there holy moly.

We saw it go down 3 000 and then it literally dropped another 3 000.. Another one you know. Sometimes it could be falling on. Sometimes i think it's falling on cpi day, because you get a lot of traders that were buying the rumor basically and then selling the news waiting for a cpi to come in higher than expected comes in higher than expected.

Then you dump your bitcoin again. That's officially. I mean, i know it's not perfect, but still 60 000. Basically it pretty much chooses to u-turn right where this support is.

I mean that's close. This was at 637 and it went down another 600 bucks there so about a tenth of one percent off, but but still that's not bad. That's pretty close so appears to be you turning right now, wow wow wow. It could be that people are potentially liquidating some of their crypto to uh, essentially go shopping for opportunities in the market, because until joe biden, you know finally makes a decision this market's going to be in uh crisis mode.

So if you have not watched watch the first watch washed, if you have not watched the first 10 minutes of this video, yet i highly encourage you to watch it. So you understand what is going on about the stock market disaster. Thank you very much for being here goodbye folks.