Welcome back to another market closing live stream tomorrow. The market is closed. We did also just finish. Yes, we just finished the course member live stream, because that's what we do we did.

We had a great course member live stream. Thank you too, and shout out to all the course members who were there uh remember if you want to join, join me daily. For course, member live streams where i answer your questions. Do real estate analysis, uh analysis on stocks and good things, q, a check out the programs linked down below and youtube analysis, but anyway, folks take a look at uh.

Well, let's see here and pull it up separately here, uh indices, i'm just gon na read them off now pretty much flat technology is coming back, though 0.37 on technologies. This is great for the overall portfolio, not so great for my hedge uh but uh. That's okay, because the overall portfolio kicking blood uh, so s, p, 500.19, nasdaq up 0.39! Pretty excited a market on the news this morning that consumer spending is up. People are basically drawing down the extra money and the extra dollars they have uh and so um.

It's a a little bit of an unexpected u-turn, but a good expected u-turn that is based on new data that came out this morning. So uh, it's a reason to be excited about the market. We do have some negative catalysts still on the horizon, but they could end up being minor catalysts cpi december 13th. We have uh, probably the first two weeks of december, to be concerned about the uh, the whole budget, getting extended government shutdown and bullcrap with uh the debt ceiling uh.

It's all gon na get passed, it's all obnoxious and nominal and doesn't matter that's why i'm 85 percent long in this market uh, you can't you can't short this market uh. I did short arc uh, but that was more as a hedge and i made that very clear. So some people, i think are - are having this misconstrued impression that, like i'm anti-the marketer, i want the market to fall and either they're a uh, not paying attention, which is their fault or b they're, maliciously being total idiots and morons, because i'm extremely clear on this Channel that uh, i am very, very excited about uh the end of the year rally i'm 85 percent long in this market. I want to see tesla, i want to see stocks go to the moon.

I want nothing but the best for these stocks uh and if my my hedge positions uh end up rotating down. That's fine! That's that's the price of having some extra growth and if we end up having a larger dip because of some drama coming up with congress. Great well, then, i'm going to have a little bit more cash to go shopping either way, though we're in a in my opinion, excellent position, i'm very very, very excited about uh the market overall uh la la so uh. Then we've got let's see here.

Somebody's writing. Uh, do you know that you own 18 of us ark, so the cool thing about this? Is they just basically put swaps to work for you? It doesn't really matter like if, for example, if you owned 18 of a company, that would be substantial right. That would imply that when you buy the price skyrockets, when you sell it plummets it's different when you're looking at swap contracts, so it doesn't really matter uh. It's either they're swapping on behalf of three million they're swapping on behalf of 18 million they're, swapping up a half of 100 million doesn't really matter so, let's see when will you buy back uh bitcoin uh? I don't know i you know.

That is something where i'm very very actively on a daily basis: monitoring uh crypto. I'm i'm really specifically paying attention to that. Cardano dip, uh, really watching that cardano dip uh, but uh yeah bitcoin's really been vacillating between about 66 30 and 57.8. We've got a lot of isolation here and uh, not a lot of vaseline, okay, that was weird uh, but anyway uh very interesting, uh crypto market right now so uh.

Let's go ahead and pull up here, uh what we've got going on in stocks uh, let's see here, hold on somebody's asking a question here. It says if i buy uh course one now can i add another one later on uh yeah. Absolutely in fact, once you get in, we have course member bundle codes that you can use. You can just ask in the course member uh chats that we have uh what the bundle coupon is, but you also get it when you're inside, so you can bundle together.

You can always add another one on later uh, so yeah. Absolutely so, let's see here uh meet kevin. Can we get imported canned or regular cranberries, i'm not much of a cranberry person uh and thank you for the motivation there on the uh, the workout challenge? Okay, let's go ahead and see what's going on on weebs, so we're gon na share screen here, shift screen on the weaves uh by the way, just a quick shout out to the trombonist musician who's verified on twitter, who shouted out my course as being uh a Masterpiece on finances uh. Thank you so much.

I don't want to give away uh your identity uh for privacy sakes, but but thank you. I really appreciate that. So for anybody interested in um the stocks in psychology of money group, it is a very popular one. Take a peek at that link down below the price does go up.

11 59 p.m. On friday, got ta got ta, stay ahead of that that inflation craziness, but look at this folks look at this excitement. So hewlett-packard was up 12 yesterday uh after the bell on very excited earnings: hardware: hardware: hardware: folks: this is a technology race on hardware, uh, mostly doing very, very well. This is why we're seeing hp kill it.

However, this morning it was only up like three percent. This morning the market was in the toilet today or at this point the market has u-turned. We went from toilet to u-turn boom, like that. The best thing i could have done would have been closing my shorts this morning and just bought the dip.

I didn't do it, but that's okay. You can't always be perfect. Uh matterport up nine percent holy moly uh wayfair up 7.6 as it slowly heads back to three hundred dollars, cloudflare almost back to two hundred dollars again at seven point, one percent or seven point: one percent moving up etsy up another six percent, we're almost over our All-Time highs again of three hundred dollars: lemonade, coming back to life, a little bit here, uh amd playing some more nvidia catch up, coming 4.7 percent as nvidia's up about two and a bit percent lockups today, for so far, and so far is up 3.9 percent. It's another 16 we're not exactly clear if uh, the lock up means that those shares could be liquidated today or if they would have to wait until friday.

So we're not entirely certain on that uh, retail and anything with covet exposure really getting smashed. Look at the supply chain crises and the big misses of earnings on gaap and nordstrom, leading these stocks to fall substantially here down 29.28 on nordstrom gap down almost 24 percent here, sheep rotating down sitting right now at a last price of about 38.29 down about 8.6 Percent cardano, down at about 162., we have dogecoin sitting at 21.66 xl fleet down. Almost three percent uh exile fleet actually ran the other day. Didn't it hold on a second, let's see here: yeah yeah yeah.

It had a little little breath of fresh air there and then uh. Now it's it's falling again unforgiving market! That's what this is: okay, uh! If there's any nervousness in today's market, maybe we'll we'll we'll see if we're seeing any kind of institutional selling into the close. So far it doesn't look like we are uh. Let me look at the indices again here.

So dow is still at the same place: 0.01 percent nasdaq 0.45 to the upside russell's. Up 0.2 volatility has gone down and uh lucid's, actually up again lucid, was down as much as three percent earlier today. I believe it's actually green right now, lucid yeah, lucid sitting up point. Eight percent right now slightly up nano dimension up.

Eleven percent matter poured up nine percent wayfair 7.7, pretty incredible here. Lemonade 5.6, redfin, 3.79 pitons 3 nvidia 3 ensure insurtech. Finally, coming back a little bit beyond meets up two percent wow beyond meets at dollars. Oh, what pain arc is almost up two percent, which you know what that means: sark, which rhymes with far uh down uh, is gon na, be down two percent yeah, but as we as expected, that means the other things are doing very, very well uh, like again, Like matterport or or tesla, the fact that tesla was down four percent this morning and now it's up is really remarkable and look at it.

It's almost up a full percent go to the minute chart here. Look at this drama. Look at this minute chart here. Look at this morning this morning in the toilet, recovery and push push push really impressive, very, very, very quick recovery.

Uh. Now i'm going to watch the spy here to see how we rotate into the close. So far it looks good so far. It actually looks like we're we're going to be rallying into the clothes so very, very optimistic here.

Okay, so kevin start it up. That's a good one! So, let's look at top, oh and also who's, doing earnings today, uh yeah, let's go and pull that here. Really quick all right, i don't know that we have many earnings scheduled for today. It's wednesday so wednesday, today, nothing, nothing scheduled for the day before thanksgiving then uh.

We have let's see here. Okay, looking at some news here, trump's coo will avoid charges in new york. Fraud case uh flush with cash, saudi prince snubs biden and sends a message. U.S supply crunch is easing europe's is not macy's in black friday break up buying.

What does that mean hold on a sec, macy's and black friday breakup? What does this mean all right? Let's see here so um, oh, oh, okay, okay! Basically, the argument here is like, or is macy's going to drive people to the website and if macy's drives people to the website, what's the point of having all the retail locations and that macy's real estate's, probably not enough to support valuations, the real estate values are Going to uh decline, uh commentary here about enjoying a hybrid experience, you know, being able to return in store is nice all right, not too exciting there and yes, friday is a half day. This is true. Okay, so how are we doing into the clothes here? No particular pattern into the clothes here flat on lucid into the clothes arc's pretty stable at about 1.7 to the upside, solid news today on consumers, very good foods is almost going to be under a dollar macy's down. Four percent - probably sympathy selling rivien, not a lot of big red.

I mean minus gap, nordstrom and autodesk, not a lot of big red over here cannabis down a little bit again: rite aid, agora, hmm, let's see here and go into the indices again stable, slight reduction. There uh on the nasdaq endow by about 0.05 percent, but so far the market's being pretty sturdy pretty resilient. Yeah absolutely hope. Everybody has a wonderful thanksgiving tomorrow, all right, let's uh, let's go see if we can get some uh headlines up here.

Oh, let me share here: we go okay, so take a look at what we got here: consumer spending. This is what's driving today's market folks, consumer spending. This is driving today's market for sure. Crypto enthusiasts turned to technicals for guidance after slump.

Oh yeah, another choppy day for kryptos uh bitcoin down about 20 from all-time highs, ether bouncing off its own trend line a lot of support at 4, 000.. There's no doubt about that. Ethereum cryptocurrencies have sold off in recent days, including concerns about regulatory risks. Bloomberg galaxy crypto index, which measures performance of a handful of the largest tokens have lost 14 so far this month, news that india is preparing a bill to regulate kryptos appears to be behind the latest leg of a sell-off in bitcoin.

Bitcoin was down almost 14 at one point, uh on the month uh a month, presumably here, good old india, why why you got ta, be fun in india, be like be like el salvador? That's what we need countries to be like el salvador. We expect bitcoin to resume it's uh intermediate term uptrend, allowing it to ultimately break out above resistance near 65k for a projection towards 90k who's. This fairland strategies, katie stockton. Well, that's a cool crystal ball and it sounds exciting and you know when things sound exciting.

It's really easy to attract people to invest in your fund. Uh. Let's see uh, let's see. Okay, i loaded the boat with a firm at 124 to 119..

I really can't see a negative catalyst coming in the next few weeks. No, i can't either. I agree with you: the biggest negative catalyst would be a market shift, year-end, profit-taking and congress. That's it that's it individually.

I don't i. I don't see a reason not to be long on this market again. 85 percent long so to the the funny commenters. Do you think here, let's see uh hold on a sec okay hold on? I want to go to financial times.

Give me a second here: okay, ft more than 30 miles per gallon. Oh that's! Terrible! Global banks! Okay, let's see diamond the diamond drama, elizabeth holmes, hmm! No okay - let's see uh uk boosted by third jab success is infection infection surge in europe really because infections are going up in in um. Oh look at this. A firm has an article over here in the financial times.

I'm surprised that they would suggest that the third shot is doing really well in the uk, because uk covet cases are off see, look at the uptrend. You know you draw a trend line here: you're getting uh higher lows and higher highs; well, not necessarily higher highs. Yet but but then again, this is roughly higher than this 39 yeah yeah a little bit. I'm gon na pay attention to this.

Let's see oh oops, my bad. I messed up the little chat, thingy okay. So, let's try germany again too, because that's that's a big problem right now, golly what a crazy chart! Let's look at the two week here, yeah still still trending up. I try to look at the line.

The trend line is, is the easiest to track, and so you could see this inflection here where we really started inflecting up still on that trend same thing all netherlands, maybe maybe we could get a little bit of a flattening here unless it's just a pause like You had here, i hope, not, i i. I hope it just hope it just ends. Ugh surprisingly, not a terrible amount of news go to barrens all right. What do we got over here? Stocks are rising even as economic data is seen as changing the fed's time frame.

Yeah. Potentially a quicker taper right biden took action to lower oil prices. Why it may do the opposite? Oh no watch yeah you get uh, you get the individuals or uh you get like opec like fine, we'll just constrain supply. Oh, i wonder what it'll say, but let's, let's take a look here.

So biden announced that the u.s and other countries will release strategic crude reserves designed to force oil prices lower. Instead, they rose the total release, including reserves by other countries could end up being around the 70 million billion 70 million barrel. Mark goldman sachs analyst said the market has been pricing in more than 100 billion barrels. Oh so it wasn't as ah so the market was actually pricing in a bigger release.

They said the release would be worth less than two dollars per barrel, lower than eight dollars per barrel in the sell-off in recent weeks. Oh interesting, so the market was pricing in that we could be releasing some oil from the strategic oil reserve. That's interesting. China is expected to help by releasing its own reserves, but it is being presented as a favor by state media and one that the us must return.

The amount itself is also fairly insignificant. In the grand scheme of things, the us release of 50 million barrels is around half a day of global demand. Much more significant, however, will be the reaction of opec when it meets next week. The group which will want to keep oil prices could retaliate by slowing production, driving prices higher yeah.

Honestly, they could come out and be like f you for thinking opec, don't matter. Uh, yeah, gosh biden does not catch a break. He just like you know this, isn't even political, it's just it's just a fact at this point he's getting screwed on the inflation uh issue uh, you know he's been getting screwed with buildback, better agenda uh partially because of the inflation problem. This gas agenda is going to be a problem.

Uh, don't turn on fox, otherwise you're going to learn a lot about the border. There are lots of problems, uh the and, i think, even like the kyle rittenhouse trial, honestly like if you watch the trial and uh, then you look at biden's comments. There are definitely a lot of people on the left who are kind of u-turning on on some of their their uh support for biden. I think that's why his president uh shall approval rating is actually less than 50 percent.

I thought it was like 39 last. I checked, or maybe that was kamala, but i don't know the point is more people voted than that than approved now right, so um would be like the worst time to be. President is with some of those circumstances: uh, okay. So let's go to weebs, oh yeah and then of course, there's always the whole.

Let's go brandon uh yeah! Well, i i i figure. There would be some people that would say this and - and i respect that as as a potential uh uh opinion uh. You know, like biden, isn't getting screwed he's doing it himself. I think presidents have a lot less power.

Sometimes we think, but but uh uh. I think the the larger economies is pretty powerful, uh and the gyrations of it, but anyway uh. I i don't. I'm not gon na dispute that potential sentiment so uh s p, rising into the close here.

Tesla sold down a little bit here into the close uh, which means arx down a little bit. It's still up one point: six percent, but not as high as it was a little bit ago, zillow's up three point: seven: seven percent: i'm not seeing any kind of uh institutional selling right now, like that larger roller coaster selling we see, sometimes, if anything, it's roller Coaster buying look at apple can't be out of this market. Look at microsoft! These guys moving up if this looks like institutional buying boom, with the exception of google kind of flat right now, lucid, turned red again down about 0.42 sarks down about .193 sitting at 34.. Uh, honest company went up eight percent today, wow beachbody, coming up two percent hippo holy smokes, how's hippo up nine percent.

Today it's the ensure tech rotation. I still hold some hippo in lemonade, possibly steve you and your dell. You got me so good this morning, i'm so mad at you for that. Ah all right what else? Let's see here, nano dimension: how lat ten percent nano dimension? Ten percent matterport six point: nine three percent: this is incredible: they're, really good! Etsy, six point: five! One percent: you can't bet against etsy, that's for dang, sure, uh, you, a firm four percent here: geez trade desk three point: three uh, two four bets on the consumer: again even palantir rotating up today.

Let's see downside honestly, like part of me, is looking at things like autodesk wondering like: is it cheap enough to get in? Let me look at their financials really quickly here, so autodesk so been looking into them for a while. Autodesk is expected to have eps of 6.87 in 2023.. If you divide that by where we are today, six dollars and 87 cents that puts them at about a 36 percent 2023 forward. It's actually not bad uh.

If you go to 2025 you're sitting in about 10.4, which is a forward of about 25., it's not bad service sector, digital service sector still making me a little nervous, though, on those future valves, much preferring end phase. Although end phase is, is honestly at these levels way higher than than autodesk on future valuation uh, let me see here i by the way i i want, if i haven't made it clear yet i love their acquisition of that charging company uh to vertically integrate more And give more for their installers to oh yeah yeah. The forward eps on end phase is a lot higher. So two.

What are we at we're? Basically, at the same price as autodesk, but the eps projection for 2025 is 6.23, so you're 36 for 2025. autodesk is 25.. So you know valuation wise autodesk is actually cheaper, interesting, yeah, okay, that kind of makes the case a little bit for uh. Who knows, maybe some by the dippage there on autodesk but uh i've been on a little bit of a diet stock diet.

I haven't been munching as much. I've been a little more patient, cloudflare man cloudflare was like 179 the other day and i didn't buy it. It's okay: it was still pretty high snowflake up again three percent today, nvidia up, basically three percent again: 326. Really incredible! You can't bet against nvidia, that's for sure, uh arc 159 for the day, ebay is moving up a little bit robin hood.

Coming up. One percent 1.17 we're so five. Okay, two minutes to the close, really want to see how things close here so far, uh falling a little bit into the close, but still up about three percent today, google. Well, this is microsoft.

Microsoft rallying into the clothes google stable into the clothes apple, mostly rallying into the clothes s p 500, mostly rallying into the clothes tesla stable, lucid, turned green right into the close arc. 1.61 percent. This is it folks. The stock market closes in two minutes for the next uh day and then we get a half day on friday.

So do a quick little look here. Let's see here, um a little exploration, okay, so lemonade, gosh, etsy, killing it today, okay and how's hippo. Today. Let me take a quick glance here: hippo, let's see yeah the hippo stuff's doing a little better today.

What makes sense the thing's up like 10, hmm, very cool and those tesla calls look juicy right now: uh yeah all right! Well, that's great be interesting to see how black friday goes. I don't see negative enthusiasm for black friday, almost uh honestly like at all um but anyway, okay. I also am shocked that tesla ended up going positive. Let me see really quick, tesla, okay, cool, okay, so and then somebody says bitcoin's moving up right now, let's see, is it true, btc usd? Let's always do that.

All right! Let's get the bell you're going to hear it not see it. Oh yeah, bitcoin, 574. Right now it moved up about 500 points is going uh toward the flatline right now, as we get to the close. It is right now down about 14 points.

Scp-500 does look as good. It may have a shot at closing around 47.01, which would be the first time so for all the drama, pretty much the record. Okay, we are uh dao, only down 0.02 percent, otherwise everything is green, green day 0.23 on the s p, nasdaq. 0.44.

Russell 0.15. Good optimism in the market markets up big old time today, uh very exciting. Let's go ahead and see how things close we did not get any kind of institutional sell-off. We did still have a black friday, coupon code that expired black friday night.

But beyond that a very, very enthusiastic market. Today the consumer spending report turned this youtu. This um uh this this market around really really a lot of excitement on that. Let's get weeble to load here again: uh stable prices from what we saw going into the close, which is very good after market.

We're not really expecting big big moves here, uh honest, giving back a couple percent there in the first few seconds of after the close etsy trying to give back about 0.8, but still up 6.2. Today, looking at the big winners here, owlette hewlett, packard, metamaterials, hippo, matapor, uh d-wack, actually coming back nine percent roblox 8.2, honest company, wayfair cloudflare huge huge moves in this market. This is a crazy end of the year. Bull run that we have in a lot of different companies, uh really retail, though not enjoying that bull run as much retail getting smashed you've got coveted expectations and problems uh.

I'm i'm personally concerned about lucid and rivian. I think they're going to miss on delivery expectations. Their first few quarters not very bullish on that. I would expect to see a drawdown and both of them rivie and so far still drawing down lucid uh holding on pretty stably, though, if that's even a word stably, you have uh excitement over uh.

Let's see the potential return of uh of software stocks, specifically with somebody like kathy wood, just doubling down on zoom zoom ending up today, 0.8 percent uh did have quite a few fluctuations throughout the day, like the average candles. Here were definitely some points where it uh. It ran a few percent apple microsoft, google, these guys going pretty hot into uh into thanksgiving here, tomorrow's obviously thanksgiving. That means the market is closed tomorrow.

Uh, the crypto market, of course, will be open because that's the way it works, uh all right. I'm gon na answer a few questions here, because why not? Let's see here, kevin any idea why biotech has struggled the last five years? You know, because i think biotech is just so ahead of its time and i don't think that's a bad thing like i love biotech and i think there's there are reasons to buy into biotech but yeah you you're you're, probably not going to have the greatest performance. Uh until all of a sudden, you have phenomenal performance and that's that's some of the craziness of uh, quite frankly, biotech right uh. Let's see here avid, what's avid like an agent visual inspection disclosure, new neo video uh.

Maybe, let's see here curious how adobe compared to autodesk? Oh, i can look at adobe. Really quick adobe adobe is so adobe on a 2025 ford is looking like 667 divided by 24 you're sitting at about 27.7, similar, not as low as autodesk, but but less than n face it's just it's kind of cool kind of cool. Do you think the pfizer covert pill can save us from lockdowns, possibly actually i'm optimistic about those covet pills? Uh, you know i i mean i uh. I i encourage people to uh uh to get the vaccine, but i i don't think people should be forced to them.

Michael w darn kevin down two percent on ark: hey, it's a hedge! So if you properly hedged, that means you're up way more you're up nine to one on what you lost on uh on sarc. You know if i'm down two percent on on sarc or whatever uh on the day, that'd be like 60k right. But if that means my longer tech positions are up uh. That means i'm i'm probably.

Actually. I am uh. I'm up over day gains losses. 200K here, 150k on weeble, that's 350k, that's net of the sarc, so um and then you know robin hood 40.

You know - usually i don't add this stuff up - i'm up 400k, including my sarc uh uh hedge. So, like i'm telling you i'm long on this market, okay, uh, but anyway, yeah yeah, please smash nvidia to its knees, so we can get a discount right all right. Folks, i love y'all. Please check out the stocks of psychology of money group use that black friday coupon code.

We will see you in the next one. Thank you so much for being here and goodbye.