Hey everyone welcome back to another marquee closing, live stream well well! Well! Well, uh stock market has been a little bit nervous today. It's uh moved uh, pretty substantially from uh quite green this morning to red about an hour after the open uh it to to where it is now kind of vacillating around the neutral line, a lot of stocks down a lot, some stocks uh up but uh. Really what i attribute a lot of this madness to here is stock market nervousness. I think the market is nervous.

I think there are concerns that joe biden could come out from nowhere and all of a sudden uh appoint a different chairperson to the federal reserve. I think there is fear that uh profits like what we're seeing now won't last uh, and i actually believe that uh there's there's a lot of me that has started uh, taking profits or hedging myself a little bit on uh certain positions, uh or or trading in Such a way that i can increase cash that i have right now without uh, without having too much market risk, so i'm definitely taking a little bit of risk off the table uh. I prefer that over the potential of fomo to where, even if the market went up, i'd rather feel a little bit more insulated uh, but uh yeah, that's that's kind of where my mindset is now but anyway. I think that my mindset is not unique.

I think that a lot of especially institutional investors are seeing the extreme levels of euphoria and excitement that are present right now that have led certain stocks to absolutely skyrocket, specifically in the tech sector. So this is uh, definitely not ubiquitous across the board uh, which is redundant but um. I i would definitely say there is a there's, an appetite for uh for risk mitigation and an appetite for uh conservatism to some degree with with things that are profitable for you. Now it's it's also important to remember uh, and we talked about this a little bit this morning in the uh stocks and psychology money group that there there can be stocks that will never return to or or at least anytime in the near term, will ever return To the price that was maybe once paid, i made an example of the future potential for uh, honestly uh insurtech, the future potential for uh.

What's it called um uh things like just as an example body right these these stocks? They do not have to stay at levels where they are uh. You could see specs that have once had a ten dollar par value, become penny stocks. You could see uh insurtech, uh trade, trade down to uh extremely low multiples that that uh really remove textile growth, and i think these are big sort of downside risks. I don't like selling when the market's down.

Unless there's a really big shift. Uh in it's something. That's happening so i still hold out some hope uh for, for example, for lemonade. I still have a leaf, although i'm not i'm, not, jumping up and down, i'm obviously keeping the darn thing forever.

I've had it for a while already. I think i have a leap left with lemonade and uh, maybe assault put or so left with hippo, which i'm not very excited about. I am very excited about um. What's it called my rivian schwartz? That was that did really well today.

Uh but yeah, ensure tech is just killing uh just getting destroyed right now, but anyway uh okay. So let's go ahead and take a look uh. What's going on broader market here, we've got uh macy's up 20 percent, just absolutely killing it. We've got uh express up 8.43 nvidia's at 8.31, really incredible.

We have rivien down 14 percent c3ai down 12.39 percent, lucid sitting at 12 percent of the outside. It's almost like. There's a little bit of a excitement here, going into the end of the day, you're, seeing potentially a little bit of uh yeah a little bit more euphoria coming up here so you're, seeing towards the close here, excitement somebody's asking about neo uh. I did actually make a neo trade that i posted in the stocks and psychology of money group i'm uncertain about uh, chinese consumers and the chinese market.

I think the chinese car market is very saturated, although i i have um affinity for neo uh, all right. Oh wow, uh amazon has actually yeah look at that amazon's breaking out of its channel again. Amazon has been stuck in this uh. This range here of 3000 to 3400 and it's finally been breaking out again a little bit.

I find that very interesting, so very good. Breakout here by amazon yeah, let's see here, nvidia is uh up. Eight point: three: six percent build a bear. Three point: eight: nine! Oh some momentum coming in into build-a-bear.

They got very a lot of excitement around malls and honestly retail shopping. So look at this gap. Apple etsy, home depot, shopify, jd.com, macy's nordstrom. Look at this this cycle that we're in we're going into the maybe a little bit away a pull away, pulling away a little bit from the ev euphoria and moving into this market of uh consumerism and consumer spending holiday spending.

This kind of makes sense going into black friday i mean black friday coupons are essentially ubiquitous. I have a black friday coupon for the programs on building your wealth. Obviously those are linked down below and you should check that out. Remember the most popular bundle is stocks and psychology of money, along with real estate, zero, two millionaire, but uh do check out the program below the list of programs down below rivian huh.

Okay, let's see rivian excel fleet. Oh gosh, see excel. Fleet is another. One of those excel fleet is one that i uh.

I put out a pretty clear road map that i had some concerns about xl fleet. I actually originally bought xlfleet around 19 and sold it for about 19. I sold it for a break even because i bought it upon my initial research and then upon further research. I got a little nervous about what i thought the trajectory was for electrifying car or trucks rather, and i didn't think that their grocery connections with their trial trucks were as as bullish as as they could have been uh or at least the indicators for those.

So i uh ended up selling, which was really crazy, because the very next day, jim cramer, pumped the stock from 19 to like 30, and then i think it was hindenburg or some short seller came out with a bullish thesis on the stock. And it ran up to like 35 dollars, and i was just like oh man like did. I did. I do bad fundamental analysis on that one or what? Because i i thought, i'm like what like: how is the market not seeing what what my concerns are, but since then it's bled from 19 down to four? What is it right now, four dollars and seventy cents? This is one that does concern me that you could continue to see a sell-off here and it's unfortunate like.

I don't believe that companies deserve that, but it's definitely possible. Uh xl is um. It's got a market cap of about 655 mil if they have to come out and raise money a few more times. It's gon na be a problem so um.

I would keep an eye on their cash balance because i don't think the market is very keen on providing much liquidity for excel right now without unless there's a substantial discount, which that's what happens, you know you get a you get something like a firm that that Has run like crazy and and the stock maker or the company's like okay, we're gon na raise some money. It's not that big of a deal it's still at ridiculously high levels. In my opinion, 140 dollars. It's incredible i'd be happy if it were sitting at a hundred and ten dollars.

I bought it for mostly around 88 90. uh, that's probably the average, because i bought some above some below and so on, but anyway uh. I i will gladly take a little bit of a dip here from the liquidity race, but imagine a company that's already on a substantial downtrend uh doing a liquidity rate. It would just be a disaster uh.

It would be my expectation, so hmm, okay, what else? Unity? Okay, so the the metaverse stuff yeah is this: just about holiday shopping uh, it's not just a holiday shopping. I think it's also about macy's, crushing it macy's did a really good job uh with with their earnings their their revenue growth. Everything about their report, uh was really beautiful, uh and they they painted the picture of optimism around the jobs that uh the jobs issue was expected to subside sometime next year and that's bullish. But beyond that uh you so you've got these cycles going on right.

You've got the ev cycle, that's been very sexy, but it's it's chillaxing a little bit. You've got the metaverse cycle that is still pretty hot. You did have a little bit of a sell-off on matterport, which i pulled uh. I pulled some nice profits out of because i uh i bought a put on matterport yesterday and it fell like eight percent today and that put printed some nice attendees.

So i took uh profits on that. I usually don't short the market, but the euphoria is getting a little hat around rivien and uh matterport, so uh that hedge helped a lot uh but yeah. So you got the ev cycle, you got the metaverse cycle and then you've got the consumer cycle. That's that's! The way i would probably paint this picture in fact and write that down.

So if we were to draw cycles or circles, i would call one ev. I would call another the consumer cycle. I would call another the metaverse cycle. I think the ev cycle is inflecting down.

I think the consumer cycle honestly is is earlier uh in its pattern, no guarantees, but i feel like it's actually still somewhat early and i think metaverse is - is potentially approaching a top. But i i don't know that it's 100 at top, i will say that it's possible, because when you look at roblox the stock was up like 10 this morning and we actually in the market open, live stream uh. We we went through and uh looked at. Some of the financials for roblox and uh boy - oh boy, the they're not they're, not that great.

It's not a profitable company. They spend money like crazy, uh. Their market valuation is ridiculous. I uh you know compared to the other game manufacturers.

I was not highly enthused. Let's, let's just put it that way, which does make me think what the market? What is that, let's see here, unity as an example, unity, unity has a 57 billion dollar market cap. That's uh, like 30 billion dollars less than roblox i mean hey, i mean. Maybe i'm not seeing something on roblox, but it it's very expensive, especially relative to their financials.

I just don't see a path to profitability. Neither does wall street for like the next five years. Okay, i mean. Maybe it can keep growing forever, but you know somebody compared it to tesla earlier and i'm like.

Well, i mean at least tesla had a path to profitability. I did make a video breaking down the news on apple. So take a look at that apple news. If you haven't yet uh, if you wanted to know my thesis on why i shorted the market on um via matterport and via rivien yesterday, please watch my video yesterday.

I called it the big short. I think it's uh definitely worth watching the uh ready input for what it's worth did very well. The ribbon put, i bought a hundred contracts and i rarely short the market like i've gotten burned on shorts before so i i try to stay away from shorting the market uh. Unless i'm confident a trend is really flipping.

Confident would be like 75 plus confident right. Yeah and you can still be wrong - you know if 75 confident means there's still, you know a quarter percent a quarter chance that you're wrong, but anyway this is the review input. This is what it looked like earlier today. So you can see here it was uh.

It had a cost of 263 000. It was a hedge, it uh. It was 100 put contracts at 150. I bought that yesterday, as usual.

Every time i make a buy or sell, i send an alert to everybody in the stocks in psychology of money group they're. Not meant to be copied, they're just meant to be suggestions or to give you an idea of what i'm tracking and where my head is, whether i'm raising cash or uh. You know i'm making protective moves or whatever i'm doing, uh and um yeah. The thing was up: 119, 000 or 45 i considered holding this through tomorrow.

I do pay a little bit of theta to do so. Uh, but uh with with two days in a row 15 down sitting at 122 uh, a good amount of pain has already occurred. I think some of that energy could potentially slow there's a good chance. It could still be a down another five, ten percent tomorrow.

I still think it's overvalued, but i wasn't prepared to see a hundred nineteen thousand dollar gain in 24 hours disappear, so i did uh. I did close my puts out and i took my profits. The same thing was true on matterport, so i did close those out uh at a profit which i'm happy to do, because not every trade you make is very profitable. You know some some are slightly profitable and some are even losses, but uh.

That was a very good one for 24 hours, especially uh. You know it's kind of like i i i might do this more, where, if i see momentum evaporating in some kind of like momentum, stock, uh colloquially known as meme stocks, i might buy, puts on the way down uh. The problem is identifying that that peak and sometimes that's hard uh, especially with momentum movers and it can be very risky because, if you're wrong and momentum movers move, then they can continue to ride for a while, so uh they're definitely high risk plays. Let's see what the top news is now uh, oh and let's also see who we have for earnings today.

Today's thursday we have applied materials, workday intuit, william sonoma, hmm. Now that's an interesting one. Let's look at william sonoma how's their stock been doing very good. Actually dang it uh, i was like.

Maybe i want to buy some calls on william sonoma, which i kind of still am tempted to do, but i probably won't do oh gosh. Let's look at the volatility volatility is not the only measure that you want to look at. Obviously it is one of many that's also what makes options very complicated, but the historic volatility chart does help. In my opinion, insulate you uh it's substantially up prior to earnings.

So it's not great hmm, i wonder what expectations are on this thing. Let's see earnings expectations. Okay, we have uh a eps adjusted of three dollars and 10 cents revenue of 194 uh billion. That would be about a 12 year on year growth.

So if you want to bet on william sonoma killing it because potentially we're in this consumer cycle - and they do have earnings today at the close - if you want to bet on this company, it's worth noting that they have beat on revenue eight out of eight times On adjusted, eps they've beat eight out of eight times. The market is expecting net income to come in at a 15.5 percent growth, 21.3 growth on adjusted eps. The stock unfortunately has been running into this, which is not ideal uh. If this stock were down, i'd, be much more inclined uh to buy uh to buy a call, but i i don't think i could do it at this level.

If i were to play the game, though i'd probably honestly just buy a call for tomorrow. If i were to play this, that's really crazy because you could just you could literally just lose all of your premium on this, so you'd have to go into, and it's already up four percent on the day. You'd have to go into this one. Expecting that this thing, you're gon na, have an in the money call tomorrow.

So if you wanted to insulate yourself, you'd probably go with like you know, if the implied volatility is eight percent, ten percent uh - probably probably a lower chance of it, declining under two hundred dollars. So say you wanted to buy it for 200. What's it gon na cost, you, oh my gosh, it's gon na cost you 22 to do that. No, that doesn't make sense uh, but then i mean you still haven't in the money, so ah, but then again, you're paying like a 4.30 premium above where the stock is right.

Now at the money, you're paying nine dollars. Oh, that's insane! That's stupid! Why would i pay nine dollars at the money? I'd rather go on a side. I'd rather go for i'd rather go for the 200 call, because at the 200 call i'm not paying that much over i'm paying three dollars and 70 cents or whatever above um, but yeah i mean something like this could just absolutely get evaporated, especially a one-day call. It's very very dangerous.

If you went out to december to buy yourself about 29 days, you wouldn't actually be paying that much more you'd be paying another four dollars four dollars and then you'd have more time. So i don't know it's an interesting one to me, based on the macy's movement. I'd be bullish on that one, okay! What's what else is reporting today, but i also don't like playing earnings into it. Uh applied material work day, who knows maybe maybe into it, will actually be to the upside that that'd be cool uh.

Let's see, can you talk more or do a video about the naked merger with centrio i've? I know nothing about it: yeah, okay, apple yeah. How is apple but uh i'll i'll? Try to look at that sen, sent centro automotive group yeah. Look at that apple almost at 159. It's at 158.67; that's incredible! Uh, all right company news for centro, naked brands, merger and acquisition partner centro.

What yeah i i have! I have no idea that this seems bizarre, but it's partner, merger and acquisition partner, commercial ev, is pleased to announce that its logistar 200 vehicle has completed all hum homo location tests for eu standards. Uh, okay, whatever out of my wheelhouse, all right. What's going on with go eb nine percent yeah? Let's look at that! Easy come easy, go but uh! Oh look at that on the minute chart it just bumped like somebody just came and bought a bunch yeah volume just really spiked. By about three hundred thousand three hundred thousand times ten, that's about three million dollars.

Just just went in like that. You heard a radio commercial for peloton today. Oh it makes me nervous they're getting desperate, they're out they're out of reach. How do you feel about lemonade? Going now and going forward not happy and torn, that's how i feel not happy and torn that's all i got.

What is this floki hold on? A second looks like we got some floky news here. I want to see this hold on. Let me pull it up. Really quick one sec floki responds floki responds to investigation.

Here's check this out. Floki responds to investigations by uk advertising authority. Now remember: floki is uh the company that that's really doing a lot of ads on uh hey if you missed out on doge, if you missed out on shiv check out floki enu right uk's advertising standards authority is reportedly looking into all cryptocurrencies, including floki e-news adverts. The advertisements on public transportation in london, notably the tube or are notably on the table, the team has been quick to respond to the attack according to floki inu.

This is nothing but attack from malicious lawmakers. Okay, uh yeah, look at that the flokieinu.com. These are expensive ads and you got ta admit: they're they're, pumping money in okay, official press release by floki officials from flokie eu have reached out to clear the air over allegations. Floki maintains that the floki advertisements placed through transport for london followed due process, but due process and were legally cleared before they went live due process is usually what you're entitled to when you go to a court of law.

I i haven't heard of that. In reference to oh, my ads went through due process before they got cleared. Okay uh the london lawmakers seemed to take issue with the project to this flokie enu clarified that our decision not to prominently feature team members on the website is intentional to make it clear that floki is the people's crypto and that the movement is focused on them. So this it sounds like there's some backlash over the identity of of the uh creators of floki inu.

This is this is a lot of sort of paying homage to how bitcoin functions that that we don't actually know with certainty who the creator of bitcoin is and that maybe that would take away some of the uh uh sort of um gold style nature of bitcoin. That, if, if somebody created it, then then does that which obviously somebody did but does that take away its sort of immutability anyway. Floki enu also maintains that the attack against their advertisements is unwarranted. They note that the pushback is by a certain political party and it's an attack against crypto and it's an attack against people's freedom of choice, a clear attempt to add censorship.

Ship, however, lee lead, developer, uh jackie zoo is known. He is well regarded in the industry. Floki enu is not illegal in the united kingdom, and at least 2.3 million britons hold cryptocurrencies. The team also condemned the fact that london lawmakers allow nudity and other inappropriate advertisements saying ads that make women feel shameful about their bodies as well as ads about viagra and junk foods are allowed to run freely on the tube.

Well, that's also true pretty sure. In most european countries, you can run women with topless pictures in that it's something you don't see in the united states anyway, floki's team has locked liquidity for 265 years. Additionally, the contract is a multi-signatory, is multi-signatory and effectively safe from any rug pull, so they say. Furthermore, floki has done some charitable deeds with the profits from its massive success.

They donated 1.4 million dollars, which was because of an nft sale to charity and apparently they're working to build schools in africa. I mean it seems very interesting uh, it also uh. You know it's kind of pulling on heartstrings with the donations and the oh, we'll use the money for the common good for donations, but i generally recommend being skeptical of altcoins. I've never been sponsored by an altcoin, and i never will because i get nervous about the altcoins.

Let's see here, floki inu see how it's been performing and let's actually get back to the sticks. So floki is sitting down 13 today, potentially on some of this news. Last month, here it's really rotated down from its peak around 3005., now we're sitting at around uh half that at about 16 24., so uh 3000 versus 1624, where we sit today, yikes definitely looks like. There was certainly some fud that led to some selling off today.

With that uk investigation being announced, okay back to the sticks, did you see the new bowflex bike? Peloton has done? Let's take a look bowflex spike! Oh, let's see we got here: okay, bowflex bikes, oh wow, you know they got their one-year membership new workouts every day of the week 100 personalized to you, yeah the competition's stepping up, compare bikes, the velocor ooh look at it. This looks very similar to the piton wow. This is like a throwback to the pandemic. Give you a different size console.

Do they use a firm financing options? That'd be cool, let's see what they have. Oh, it's a bowflex credit card. Unfortunately, 22 apr yeah. That still makes a firm with the zero percent interest and the partnership with peloton much more desirable, bowflex should hit up a firm.

A firm obviously did their bond offering today. So that's why we're seeing some pressure on the stock nvidia is holding on to that eight percent up really good uh apple. Dropping tiny little bit gave up that three percent etsy's now above it at 2.73 yeah they're trading spaces. Here: hmm canadian solar's up about one percent tesla's up about point: seven, eight, looking at the downside, rivian still down about 16 dropping a little bit more into the close here we got about one minute to go to get into the close uh looks like i am Uh not able to get a full refresh here on weeble at the moment.

I'm sure we'll get that into there. We go perfect uh. Okay. There we go yep a little bit of a sell-off here into the close on rivian down about 15.8 percent right now, you're going to pay some theta decay to hold on to some contracts until tomorrow.

If you have calls or puts - and look at this uh robin hood down - 7.2 percent lemonade, it's down six point: nine matterport five point: four, not as bad as it was down earlier. It was down like nine percent earlier uh i did close. My matterport puts pretty close to the bottom. I think it was down like eight and a quarter percent.

When i closed my matterport put so that worked out voyager digital i'm completely out of voyager, i did trade. This uh, i did have some frustrations that came up. I wanted to hold a little longer because i wanted to see their partnership go through, but i've gotten a little frustrated by some other services, which i think other customers will as well and there's a lot of momentum from the sheep movement that went into it. Crispr therapeutics 3.61 to the downside: let's go ahead and listen to the market close, but the nasdaq looks like it will close.

Let's get this one meet some of those young men and women cadets from west point. Go army ring in the closing bell, we're at the nasdaq as well with v m g as well. Let's listen in the closing spell congratulations. Uh uh to those of you with those uh ribbian puts uh shout out to you abc just sold your ribbon puts for some sweet moolah thanks kevin it'll be great holiday.

Well, thank you for saying that uh do check out the stocks of psychology money group. If you have not yet to get all my ideas on how i invest uh and, of course, uh the real estate investing group use that black friday coupon linked down below and that black friday coupon is expiring friday night at 11, 59 pm and the price goes Up again, okay, let's see what we got in terms of earnings, earnings, earnings, earnings, so uh. First we're gon na look at william sonoma, i'm optimistic on william sonoma, but don't love plainly earnings, william sonoma isn't reporting, though, until about 15 minutes after the close. Instead, we have applied materials implied, materials coming in with gross margin of 48.1 percent, looks like they have a fourth quarter, adjusted eps coming in at 1.94 versus 1.96 expected it's.

A tiny little miss uh looks like their forecast is also missing. Slightly. Their net sales came in at 4.31 versus 4.6 expected and billions wow gosh applied materials. There's a lot of sales uh the forecast coming in at 1.78 to 1.92.

That's shy of the 1.97 expected for uh for their next quarter. So not a great earnings report here by uh applied material does look like the stock is selling off a little bit in response to this news we are sitting at well, that's tough, to tell it looks like it's about. Is that about ten? No, it's not! That would be a five dollars to be about what three percent three four percent, something like that, i'm sort of doing mental math, because weeble isn't showing it up. Am he matt there you go.

Okay, six six wallets actually dropped more. Now, that's a 147! Now it's down about 6.5 percent, it's dropping a little more all right. Let's look at w day that's work day. They're next, in terms of earnings we are at eps beat eps of 17 cents subscription revenue is 1.17 billion.

Net, was 43.4 subscription forecast. Four point: five: three to four point: five: four: that's uh slightly over the estimate of four point: five, one uh for the fiscal year and they're projecting a little bit higher tiny little fractionally higher as well uh. So that's that's a good report. By workday i mean it's not like a blowout but uh, it's it's better than than bad, better than bad, but uh.

Oh man come on leave me alone, um, okay, one! Second! There we go. Oh, i hate phone calls so much it's like when people call you, they just expect you to be able to drop everything. It's like that's, not how it works. That's stuff, going on at work all right, uh.

Now, if my job was answering the phone, then that'd be different, but it ain't all right into it so into it. Let's see how they did this into it. This is like quickbooks into it into it into it. Okay, they come in with q1 net revenue of 2 billion dollars.

The estimate was 1.82. That is a beat. Oh, their forecast for the year is good as well 11.48 to 11.64. That beats the 11.05 to 11.25 for adjusted eps, that's great, so uh we've got beats, beats beats uh first quarter, eps came in at 1.53 versus the consensus of 99 cents.

This is a very good beat very good uh. I think this is this is going to do well for intuit here, oh yeah, uh intuit is now up 7.9, very good, very impressive, oh wow! So let's see here all right. They have so many services into it. Did they are they the ones who also bought mint? Let me see here so intuit current products, yeah mint.com, quickbooks, turbo tax credit karma mailchimp.

I did not know they bought mailchimp too. Oh these people make lots of money off me dang. Maybe i should have bought them uh. This is look at how well this thing has performed.

Oh my gosh, this is a double year to date. Folks i mean i'd rather have my etsy in my end phase, which i've also done very well, but uh still uh intuit has been less volatile. Look at it here on the day chart on uh google year to date. Oh, that's 69 really seems like it's gone up more yeah.

I guess 69 percent not quite a double, but it's still very impressive: 171 billion dollar market cap holy moly. Now before we look at william sonoma, i'm going to look at the financials for intuit. This is interesting. Hmm, so intuit is expecting uh eps next year of 11.29.

That means that 690 divided by 11.29. That puts them at about a 61 pe for next year. If i go out to 2025 they're expected to be at 17.35 oops 17.35. So oh stupid thing hold on there.

We go 17.35 divided by i'm sorry, uh 690 divided by 17.35. That puts them at 39.7 times forward and that's mostly because their growth is uh popping off at about 13 to 16 17 and they have high margins net income. At about 28 to 29 percent, that's incredible good job! Well, yeah! They bought credit karma. They bought mint and mailchimp.

They uh. They are very, very impressive. Hmm, oh we're good! Is that true? Is there? Is there no dislike button? You can't you can't dislike my video. Now hold on, i want to see i thought uh.

I didn't know how soon that was going to come, but let's see here uh i want to see that no there's a dislike button. You know you could definitely dislike. I mean i prefer if you hit like, but i mean do whatever you want. Ah, okay, so um, maybe some of you don't see a dislike button.

That's weird! I still do anyway. Uh, let's see here. Okay, how are things oh yeah, william sonoma comes out soon. Let's look at crypto big test at 58 000 for bitcoin uh right now, it's literally at 58, 000 and 4k for ethereum.

This is gon na, be a big tell i'm i'm uh! Oh okay! There, it just updated 58 582-ish uh. I hope it stays above it for for just the sake of the the coins in the crypto investors, because i think that's going to be a very important uh threshold, so we'll see, okay, workday announces new cfo and co-president all right. What else? Let's see here? Let's go look at the top news: shall we? Oh yes, william sonoma reporting soon, six minutes i got cnbc keeps throwing up a banner breaking news and then they flip it and it goes nasdaq record close like yay all right and vitae's up three percent. What did? Oh, what was down eight percent on the day, my gosh? That's a company, that's just been getting wrecked and you've got uh towards the other side.

Tattooed chef down about point, eight, two percent and phase down about half of a percent pinterest down half percent as well. Uh and then, of course, on recently viewed applied material down 7.36 workday down six, whereas intuit is running up seven point: five: nine percent bitcoin presently sitting at 58 130 with ethereum at 40, 68. sheeb sitting at 43.83 and where's doge dogecoin sitting at 2268.. All right! So next up we have william sonoma five minutes to go.

Let's listen into what sarah has to say today, hi sarah yeah, i mean obviously any volatility in the yield curve or any volatility and fed statements would spook markets, especially if they started to move up. That expectation - the part that's interesting, though, is that the market has already moved up the expectation of when they're going to hike rates. I happen to think that the market is a little ahead of itself. I don't think the fed is going to be hiking rates until fall at least of next year, but what we're going to get in december is a new dot plot and that's where there's some opportunity, that's why i think we have yield curve volatility in the end Of the year, there's some opportunity for us to get more confused and a little bit more worried about, what's going to happen with rates, it's all about the expectations more than the actual event when it comes to rate hikes and maybe we'll find out who's going to Be the fed chair come february anyway.

Thank you very much for joining us. Thank you stephanie. Before we let you go. We want to get one final trade idea from you.

It's a winner. Today it was a winner today. What is it yeah, bath and body works? I would not buy it today, wait for the next couple of days for it to settle out, but i think they're very well positioned into the holiday season and into 2022 this. This company is going to be able to deliver telling you folks these consumer, the consumer trend, i feel like that's the cycle, and i think william sonoma is gon na, is going to reiterate that it could potentially be a trade over these next six weeks in digital And digital is on fire um.

These site visits are anywhere from 40 to 55 above 2019 levels and uh. That's a big surprise. So they've got new product categories. They have 90 of their products are sourced in the united states, so they have the inventory and it trades at 10 times ebitda versus its peers at 14 times uh and i think it's very attractive so um because we think they're going bk.

Let's look at their trends while we wait for william sonoma they're, probably not going to go. Bk bath and body works. Let's just uh, let's see here, let's do a trend. Trends.Google.Com, okay, bath and body works.

Oh, you got a little bit of a seasonal pick up here but uh. Let's look at that compared to 19 search trend, wise, so search trends. You have a relative strength right now, here mid-november of 31 november of uh you're a pretty similar spot 31. uh.

You got a very, very, very similar curve here and then after no, it looks like you really start falling the second week of december. So maybe a consumer play would be writing this uh the consumer news through essentially christmas right before christmas. My guess it's probably december 15th through 24th, something like that check out that heartbeat graph yeah no kidding. We have macy's all right, william sonoma, two minutes same wow, colleen same thing with macy's uh relative, yes, see! Look at these these recent pop-offs in retail folks.

It's good, let's type in cheesecake uh. Let's try maul, not really how about nordstrom, not as good, not as good as macy. Does anybody ever even search for jcpenney anymore oops, jc, pencey oops? Oh, it would also help if i spelled it right, jc. Oh my gosh jcpenney topic.

No, that's not going to work realty. What is that? Who cares about that? Jcpenney? Just search that? Would you, oh man, that is a horrible horrible trend chart? Oh, oh, my gosh, oh they're, so dead, they're so dead, that's bad, because that is one of the worst charts i've seen on google trends, very bad ooh victoria's secret. That's a good one! Oh wow see they did really well, but they're kind of bleeding out over here. I wonder if people don't use the uh, this people just do victoria's secret nope, okay, william sonoma's out, comes in with eps of 3.29 2.05 billion in revenue.

Uh, that's a beat yup! Ah man, i should have gotten the call i was so tempted adjusted. Eps comes in at 3.32 versus 3.1 expected net came in at 249.5, comp sales came in at 16.9 revenue growth, 16.9 percent. The estimate was 13.8. This is uh.

This is it. I think this is the beginning of the the consumer cycle. Uh, that's wow, okay, so uh, william sonoma. Oh maybe that call was a good thing.

I didn't buy it, it's it's not moving after hours. What is this, why is it going down? Maybe it's a good thing. I didn't get it because the earnings are amazing and it's going down. This is why i don't play earnings.

Earnings are so stupid. Oh my gosh! What a joke! This is a great! Well, i mean it ran four percent of it, but still it's a great report. This should not be read, buy the rumor sell the news. No kidding and remember volatility was up, volatility goes down and price goes down, your call option gets screwed, but that's a good beat.

I think, that's exciting about the consumer uh. You know what i'm gon na do is i'm going to uh, even though and remember why we didn't buy this? It's worth noting this, why? Why did i not buy this because of this folks? I don't like buying this when you have this euphoria, because when you have this euphoria, even good news can lead to bad so and - and that's that's actually where it's not actually, where i see somebody saying it's reverse psychology, no! It's just pre-built in it's right here. This is your good news, uh, it's all built in here, because of all the other retail earnings that came out, suggesting that uh retail earnings should be good for williams, sonoma, uh but uh, and that maybe we'd have a huge beat. But uh you didn't have as huge of a beat potentially as the market uh hoped for so um makes sense, makes sense when you look at it that way, and again that was my catalyst for not buying this one is, is seeing this as much as i Thought they might beat.

I did not want to buy into this, and at least tentatively it looks like that was the right decision, so it's always good to kind of like post analyze. What happened? What went right went wrong um anyway, okay cool, so somebody says they sold a put on rivian at 80. What did you get paid for that like two dollars? I guess it depends what strike you picked or uh what expiration? Let's go to the 29 day. Eighty dollars on a put three dollars - oh, i was so close.

I guess two dollars dang it. Oh well, um, now all right! So what else i don't know anything else see if there's anything else. There is the black friday coupon linked down below that. If you've, if you've gotten uh, if you appreciated the advice that you've gotten this year, uh not financial advice, the entertainment that you've had entertainment advice, check out the uh programs down below and building your wealth, especially zero, to millionaire real estate.

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It's it's worth. Spending 10 minutes a night watching some lectures on on knowledge, uh anyway. Okay, so william sonoma wow, six percent to the downside. Well, that's why you don't buy when it's skyrocketing, it's the same thing with rivien.

People are ragging on me for not wanting to buy rivian. While it's going up and you you know when i figured it out folks, i finally figured out you know when you know it's too late to buy something when people are asking, is it too late to buy whatever if people are saying, is it too late to Buy you're basically hitting peak fomo, because that that means even the fomo people are uncertain and if the fomo people are uncertain, your stock's going down soon. If the fomo people are fearful, you should be fearful. You should be very fearful: oh gosh, how's, that for uh for a market strategy, stop it charles.

You just want it to go down. I know what you're doing look at charles's comment here anyway, it's perfect all right. Okay, i'm gon na go now. Thank you.

So much i got another video to make we'll see you in the next one.