Hey everyone welcome back to another market, open, live stream. Today we are back to the stock market, which is really interesting, uh. It's it's always fascinating, watching uh. What happens in really the markets over the weekend? Because, though, pretty much the only one that you can watch over the weekend as well, i mean 3 p.m.

Sundays, on uh in california, you get futures that open up, but futures are always, i don't know, sometimes hit or miss when it comes to actually seeing what the indices are going to do, but uh crypto crypto rotating down a little bit uh. It's really you've really seen. Bitcoin have a lot of struggle. Staying over 58 000, just over the last few weeks here, waiting for uh this little computer to restart here, we'll get that up in just a second uh, but anyway you're seeing this uh.

This is kind of over and over again, this teeter totter back and forth. Now, just in the last hour here bitcoin's kind of been a little bit of a rally which is pretty incredible. You saw this jump literally from 567, all the way up to 58 900. In in the matter of a few minutes, it's really interesting that we keep kind of rubber banding around that 58 000 level, because if we go back uh, even on the seven day we saw we fell to about 56 six and we recently just fell to 56 7.

uh so really seems, like we've got sort of this potential new little support there around that 56, 56 7 level for bitcoin and uh. Really, you see a lot of things moving off of bitcoin's price when we get price action substantially up or down uh on bitcoin we get uh a substantial movement. A lot of the other alt coins not always like a lot of the um like the decentraland, the axi infinity. Some of these have been moving separately uh on excitement over the metaverse, which uh, which is also pretty cool, okay cool.

So, in the meantime we do have uh weeble here, so let's grab and take a look at a weeble. So in terms of stocks, we've got camber energy, which has, in the past, been a momentum mover up 13 here in the pre-market whoops. Let's get that out of the way, as you can see, you really had a substantial run here where camber went from really like a 30 cent penny stock, all the way up to about a 4.80 stock which is technically still a penny stock. Remember, penny stock cuts off at five dollars and as rotated all the way back down to really a low of about a dollar and two cents, and right now is sitting at uh a dollar twenty one.

So we get some pretty substantial movement here, uh in an excitement that goes on up and down uh then uh, let's see here, we've got uh. We've got vinco ventures up 4.9 percent roblox 4.3. This one really moving, i think on metaverse uh excitement. This is something that uh has uh once once roblox last week came out and said by the way, we're looking into educational opportunities for uh, using we're basically bringing children into the metaverse to use it for learning experiences.

Roblox has just been on a tear. I think it went from somewhere around from that announcement around 108 dollars to where we are now, which is like 140., it's pretty incredible uh. Obviously nvidia is uh, has consistently been a big mover on this news as well nvidia's sitting. Let's see it was this morning in pre-market up a couple percent and grab it here, nvidia presently yep up uh 2.26 percent presently sitting at about 3.

Two. Let me see here: let's go to the free mark. There we go sitting around 337 right now: that's an all-time high for nvidia, of course, in the pre-market, so we'll see how it goes, but uh pretty incredible and uh yeah. We did also get the news that uh joe biden has maintained.

Jerome powell, as the fed uh chair, uh, we'll have to get confirmed by congress. I wonder if we really get a spike in the smp for that. Let's take a peek here, it's possible uh, yeah yeah it. It looks like it looks like a little bit of excitement came through the market, because you're really removing uncertainty from the market is what you're doing not much of a move, though i think folks were expecting uh powell pretty substantially takes a little bit of uncertainty away.

So i don't think it's necessarily uh a substantial surprise that we're we're sticking with uh powell keep in mind. If joe biden had picked somebody else, then he would really be taking credit for whatever ends up happening with inflation and uh. I think the last thing biden wants is any more credit for inflation, especially since a lot of folks, especially those who lean to the right, suggest that essentially, if it weren't for joe biden's last stimulus package, we wouldn't have uh. You know such a substantial uh, uh level of inflation.

That's that's what you hear a lot of folks say uh, and so i think um you. You know these things end up coming across to uh the biden administration and they have to look at this from a political point of view. Hey you end up picking somebody like lael, brainard and uh. She ends up uh, making the same decisions as powell uh.

Well, now, you've you've taken ownership essentially of uh. The potential inflationary concerns. So it's kind of interesting to see this. We did see a little bit of a bump on the uh.

The s p, uh cnbc is reporting about 150 point bump in the dow. After the news, which honestly is, is basically like going from break even on the day to uh to actually uh up about point four six percent, let me see if they show pre-market on the one day on this. I don't think they do. Let's go to five day here: yeah now, cnbc is not going to give us a pre-market data on their charts.

Okay, yeah no worries so uh. We saw a little bit of the movement here, a lot of at least some excitement coming into the market. I don't think the s p 500 really saw that much of a move. Here i mean we're.

Maybe a buck up, which you know buck on the on the spy is, is like a quarter of a percent which is still good. Looking uh towards the downside. We've got uh the electric vehicle stocks, lucid and rivian again backed holdings; these guys down uh two three four uh listed down about 3.8 rivian down about four five nine. I am looking honestly for for an opportunity in in this market uh to to really buy a potential dip, but i don't see which is is kind of weird uh, but i don't really see massive catalysts right now for uh big negative news.

Uh, we've we've really been in this environment of uh, no news kind of being good news and uh, and when we do have news, it's kind of benign like, for example, uh biden, getting uh or sorry powell getting nominated here uh and that actually could have been. Why, by the way, now that i think about it, why we saw bounce in btc? Let me see that here, uh powell getting nominated um yeah, look at that. Actually, that could be why we all of a sudden saw that spike in btc. Ah, i don't know, though, because the pal - no, no, i don't think so.

The pal nomination came out at biden to pierre with powell and brainard today at 120. Oh, that's, cool uh! I'm pretty sure that news broke right at 6. 00 a.m. California time which would be 9 00 eastern time, i actually think bitcoin moved on something else before this could potentially just be a large, a large sort of buy the dip movement.

Here. I don't know if this is associated, but i'm gon na try to find out here really quick uh. So i can go through historical news here. I don't know, i don't know why it matters so much, but it probably doesn't uh.

But anyway, i'm just gon na i'll. Look at that later, i'm gon na assume this is uh detached here from from powell, and it really, if anything, it shows if there's really no movement in crypto, it kind of shows the market had really just built in its expectations already for apollo anyway, but anyway, Etsy etsy continuing to get new reports that it might be the perfect play honestly for this uh uh for this co-potential coveted winter. I mean you've got this. You've got this like triple benefit of investing in something like etsy, in that you have this benefit of uh.

A very strong earnings growth play you've got this benefit of uh, being something that might be independent of supply chain issues with people making products out of their garage or people creating more unique products that uh that aren't necessarily subject to the maddening supply chain. Issues that we've been seeing you've got - and this has been something that's been very popularized for black friday, for example, like we expect black friday to be uh incredible for companies like etsy yeah, especially because i i think people think that you're actually gon na get your Product before christmas, if you order it on etsy ebay's been trying to jump on this sort of bandwagon with the argument that hey, like 70 of our stuff, is available for buy it now, if, if you want to get stuff asap, we've got a lot of buy It now products, please, you know, try ebay, but ebay. Just has really lost some of its uh appeal. I think etsy's, quite frankly, taken over substantially.

It's ebay's by some at least has almost seemed like it was uh or has become a more glorified craigslist, whereas etsy is a little bit more of that sort of hey. You want something custom and unique that might be the place to go without having supply chain issues very interesting and look at this. We almost hit 300 here bouncing right off 300, essentially uh, coming down off of 299. matterport up 2.66 again a lot of excitement around the meta.

First, it's difficult to get that uh, get that gone right now to actually buy a company like nvidia or or matterport. These are so propped up right now. I am looking, though, at again, companies like rivian and lucid looking for uh larger drawdowns on these, and that's not to be mr phi. This just you know once once this hype and euphoria dies down and we leave the news cycle.

A little bit expect them to pull back a little bit. Uh neo actually moving about four percent today, which sounds great, but it's really still stuck at about 40 dollars, which is kind of where it's consistently been stuck forever uh. So while i'm happy for neo it like it's kind of it's kind of neo's turn, you know uh but um yeah, i don't know uh. It says here: neostock rebounds after the x bang unveil of a new suv.

You know i find that interesting. That neo is moving after an x being revealed, but okay, so uh. Then we got tesla over here 2.46 kind of incredible. I think a lot of excitement and hype on yeah xpev up uh 2, a lot of excitement and hype really about a potential stock split or some sort of really large positive news for tesla, specifically around that december 9th date.

If you haven't watched my video yet yesterday, where i break down some of these rumors highly encourage it, it's very interesting and kind of mind-blowing some of the connections that uh individuals have made so um. I think, personally, that there's a good chance that elon not selling, plus ev euphoria and then speculation around tesla are leading tesla stock to to really run here. Uh, where we've not not substantially, i mean over the last week, we've really been seeing like two to three percent days per day. Uh, you know at a four percent day i think, on monday, followed by about a three-ish percent day on tuesday and then sort of these couple percent days.

Uh neo announced their sedans for sale. Oh that's interesting! Well, yeah! You do have neo day coming up, but i didn't see that as the headline as one of the headlines here, uh on uh neo here um, just that i i do see that new york, okay, neo, expecting to take bookings for their et7 in january. Maybe that's what you're referring to. Let me see the uh neo, but it's the et7 is the sedan.

So i think well, but yeah wait is. Was this their newer one, the one with the like the pseudo? I can't remember. I think this was the one with the pseudo uh solid state battery. Remember they're, like oh, somewhat solid state battery in the market like freaked out so, let's say battery neo, i'm pretty sure that was the one.

It's been a while uh. Let's see here, et7 yeah, that was the one. Oh that's interesting! Ah, that's why maybe neo's moving a little bit here. There was a lot of excitement around that for neo and as soon as you mentioned, solid state, the market really freaks out.

So that's really exciting. Neo expected to be here, we go neal plans to begin taking bookings for its et7 mid-january uh cnev reports, cnev port reported okay, uh chinese ev news agency. I suppose, anyway, the deliveries for the electric sedan are expected to begin by the end of the first quarter. Wow, i wonder if uh, what kind of battery it'll end up launching with well we'll see it'll be very interesting all right.

So what else do we have? Let's see, we got about eight minutes to the market, open tesla at two point: three neo at two or four point: two four. Finally, a little bit of news, though, with uh with neo and that's exciting: uh upstar, 1.93 jpmorgan 188. expi 1.61 end phase 1.47, there's etsy. Looking at the downside here, five percent on rivien yeah we've saw this uh rivien lucid those are really leading down today.

But beyond that minor movements here in pricing i mean activision 1.35 uh jd, two percent airbnb a little bit, not like you're, getting a big sell-off because of covid concerns in europe. Uh not like you're getting. You know big moves for really any particular reason here. Uh just excitement, um yeah, all right.

Let's see here all right. What else we have so hmm, let's go. Let's go run over to bloomberg, see what kind of headlines we have here, let's see, besides, of course, the powell nomination. We already talked about that.

Okay, so merkel sees worst german spike. It's not so good. China's central bank signals easing as economic risks mount. That's quite interesting, uh to see the the more china's banks or their central bank, chills out a little bit, especially with their regulations towards uh financing in the property sector.

The less likely you're going to get a lot of drama coming out of china unless it's already too late, which is entirely possible, but uh yeah. A lot of a lot of concerns that china just clamped down a little too hard a little too fast and uh. That was all starting last august. Keep that in mind last august is really when they started going crazy on uh restricting property debt, their redline rule, where you sort of have uh three uh three criteria and uh and and based on your debt to equity and some other factors.

The more of the red lines so to speak or more of the three strikes that you crossed the less financing you were able to take on which really squeezed the property market a lot and so getting loosening here could be a way to kind of kick. The can down the road of the chinese bubble, but let's see what we got here. China's central bank signal possible easing uh measures to aid the economy's recovery after sharp downturn in recent months, fueled by the property slum, and it's the latest quarterly monetary policy report published friday, the pbc removed from its policy, the outlook removed from its policy outlook. A few key phrases cited in previous reports, including sticking with normal monetary policy that suggests, suggests a shift in stance towards more supportive measures.

Fascinating the report dropped the phrases to control the value on the money supply vowing, not to flood the economy with stimulus wow they removed those phrases potentially well, basically, no longer vowing, no longer not vowing or or how should i phrase this no longer vowing not to Flood the market with stimulus is essentially saying we might stimulate the economy again, uh the china. Of course. We expect beijing to soon significantly step up its monetary easing and fiscal stimulus to counteract and increase downward pressure, especially the property market. Stagflation risk the people's bank of china's more dovish outlook follows concerns about the economy flagging by several officials.

Recently premiere. Let's see many challenges to keep the economy stable, uh it could enter a period of quasi-stagflation. Oh my gosh like no. No, we wouldn't want to call it full-on inflation or stagflation, quasi stagflation.

In other words, we might be stagflating, but it's okay. We got it under control concerns for growth. The slowdown is clearly rising among technocrats all right. What else do we have here? What bloomberg economists say, while investor expectations for dear term monetary easing, are low? Our view is the people's bank of china needs to take action to cushion the economy slow down? We maintain our call for a 50 basis point cut and the bank's required reserve ratio in the coming months, yeah.

Well, that would mean more potential cash for lending. Ah, incredible, all right! So, let's see here what else do we have so? No a lot of rumors about this tesla phone. No, no official talk about a tesla phone lots of there's, so many rumors that speculate regarding tesla. It's it's pretty incredible! Uh! So can we start link linked? That's crazy, uh square down 1.28 square's, really having a tough time honestly fintech fintech's, something that's been really having a rough time.

Rolls-Royce unveils fastest electric plane. Is that true, anyway uh? You know it might be worth taking a quick peek at that. Let's see rolls royce. Electric plane - and they you know, they're known for their vehicle, uh or other their plane engines.

Yeah. Look at that. Oh, that's really interesting, all electric plane, big old propeller, so it's just like a single person plane, wow 345 miles - would beat the current record of 213 miles per hour, held by uh siemens wow by an impressive 132 miles. Yeah rolls-royce the aviation, not the car company conducted tests on november 16th.

Fascinating, oh cool thanks for sharing that. So what else really neo's up about five percent? Now that's exciting neo yo mia has just been left behind. Let me just look specifically at neo here we got one minute until the bell yeah, the et7 news is exciting. Neo day coming is exciting, all right axe being hard heads towards 20 margin as soon as 2020, with new models.

A lot of a lot of excitement around xp, possibly lifting uh uh lifting neo as well a little bit and you know, come to think about it. The talk about potentially stimulating the economy and monetary easing in china could uh be uh. One of the reasons neo is moving as well today, because remember we stimulate the economy. Of course.

Evs go up. So all right, let's take a peek over here. What are they talking about? Metaverse economics, great for companies, lots of talk about the metaverse and video. Let's get the belt and what you do of your mcdonald's is, you can have the avatar talk to every single person and what you got to do is pick up right.

Now you got to go to that little thing that'll be over. I said it's mcdonald's told wendy's called him and he goes no. I don't know why. Why haven't this everything worked smoothly, he's talking about 30 reduction in weight just because he showed me the deconstruction of a bmw plant 80 to 90 here, uh green.

It's a great day: that's awesome, good, good, good uh, let's see here uh and no job postings for aviation at tesla. That's funny neo has not been left behind. Well, i don't know about that. I mean if you look at the stock relative to the others.

It feels like neo has been left behind right, uh, you've got lucid, running, you've, gone, uh, rivian, that's been running, you've got tesla, that's been running, even x-ping's been running, and so when, when you look relatively uh, you would think that maybe neo has the next opportunity To kind of break out, i think it's great news, uh and so i'm excited for neo for that uh and neo's really moving here in the pre-market on exactly this is my expectation: uh easing in china neo day coming up lots of excitement. So that's great! So, let's see here, tesla's also looks like it's moving green here, not not as much but a little bit of green here charge point on the open here up about 3.3 charge, point all of a sudden running as well and looks like matapor is softening, but still Up about 3.55 tesla, now up three percent: look at that push there on tesla, it's quite interesting, neo, now, six, almost seven percent, so good solid, run here on neo, really uh. Let's see here looking at uh, let's see here looking to the downside, rivian and lucid these guys dipping a bit here yeah both of these guys dipping and then you've got. Let's see here, google, google wow look at that google's at 3012.

Right now, really incredible! Palantir is down about point one percent, robin hood's kind of down slightly down as well, but not much robin hood. This has really just been a bleeder huh. What level are we at now? 28.95 wow. That's crazy, neil kind of sticking around that 6.8 level.

Here a lot of excitement monday.com four percent loose at four percent: rivian 6.2. Let's see here, cloudflare 2.3 peloton down 1.9 zillow zillow, there's a firm, a firm sitting down about 1.8, a firm at about 133 kind of looking for under and have been looking for under 130 for some potential dip buying. I don't know if i'd buy right when it breaks under 130, i've been kind of building up a little bit more cash for potential, larger uh movement in the market. Just there's been so much excitement in this market that things have just been kind of taking turns rallying, which is kind of why.

I do think it's it's it's going to be neo's turn here soon uh and it makes sense up seven percent. Today, lots of excitement x, paying 3.5 finco voyager digital. Well, what's your digital just disappeared, usually voyager digital doesn't show up actually for for data on weeble until about 15 minutes after tesla's softening again a tiny little bit 2.7 okay. So we kind of get a lay of the land today, some pain over it rivie and ellucid excitement over at neo tesla a lot of things somewhat dancing around the middle.

Although canadian solar, some of the solar, plays coming up solar uh, let's see solar edge, canadian solar, we saw a charge point for a moment. End phase. Look at that end phase almost another three percent nvidia, almost another three percent yeah there's sun run at sea about one percent: okay, let's go ahead and take a look at uh. What we've got going on over at bloom dagger, all right, so bloomberg, bloomberg bloomberg.

Okay, so talked about. I talked about china. Obviously, a lot of covet pain in europe talked about biden and powell. Hmm touchy urges boosters.

I feel like that was a headline. Last week, not particularly new news. Uh we've got avalanche, crypto tops shebe after deloitte deal the deloitte deal. Let's take a peek at this deloitte, the consulting firm, all right, so avalanche crypto has surged in the past several days.

Oh uh, remember i forgot to mention this is black friday week. So if you have not yet taken a look at the coupon code below give it a shot, see what you think about the value plug it in, you can also check out the bundles just use the link down below and check it out. We got course member live streams every day, the market's open, so we can chat about the market and uh some of the things that uh are sort of my theses on the market. As uh suggestions get my buy, sell notifications when i make buys or sells uh, usually yeah, i go.

I go pretty crazy with with heavy buys when the market is in pain, and i love looking for those opportunities but also make trades in the meantime. So it's super fun. Take a look at those link down below socks and psychology and money comes with buy, sell alerts. But then, of course you got the other programs as well like real estate, investing uh, zero to millionaire or property management agents, making youtube videos whatever.

But anyway, avalanche cryptocurrency has surged uh in the past several days, taking a brief or briefly going into the top ten surpassing doge and shebe. After reaching a deal related to the improvement of us disaster relief funding, that's smart honestly, like we need blockchain in government, uh government's, so ineffective. It's it's really incredible! So the avalanche token uh avax are reached a record 144 on sunday before pairing some gains. Let's take a look at that so jump on over here here we go avax wow, look at the year to date.

On this one i mean this is just explosive uh. You saw a lot of the gains really taking a lot of crypto's really taking off. In august september, but even if you had bought after the crazy runs in august and september, which, before that this summer, it was sitting around eleven dollars, it's now a hundred and thirty three dollars it hit a high here of 143.. This is incredible, really incredible.

All right so, let's see here, uh build-a-bear, oh build-a-bear, is all of a sudden up. Eight percent there's got ta, be some news on that. Take a look at this here. Um build up there.

Let's see what we got: um, okay, so wow! Look at this an asthma - i just saw this uh well: okay, yeah, never mind uh s, p 500 hits record high and build a bear. Iss downgrades build a bear to hold okay, so a downgrade and the things up 8 makes sense. It's really a stock market for you, uh wow, crazy, okay. So oh my gosh look at this tesla's up four percent sheep's moving a little bit at 45..

This is incredible: neo's, just above seven percent. Looking towards the downside here, backed holdings down, seven uh hippo down six: oh my gosh, the hippo bleed uh, although it did run a little bit uh last week, but it's been bleeding like crazy. I did make a video on insurtech as well kind of breaking down. My thoughts on insure tech watch, if you have not seen my my thoughts yet on uh, some some of the thoughts that bloomberg has regarding software uh morningstar some thoughts on palantir minor thoughts.

I think there's a lot of enthusiasm for pound here, uh and i think a lot of folks thinking that uh morningstars talk about uh privacy concerns or whatever, not that big of a deal uh, because pounds here does really good with privacy protections. I believe that i think it's more of a a perceived potential issue that that people have with palantir that uh. Oh you have this. This perception that if companies use palantir, they're they're, basically trying to um, you know use ai to toy with your dad all right.

I think it's a misleading perception. I think pound tier is pretty incredible software, but it's still still deemed a risk factor, but yeah watch that video i made on saturday. I think it was like my massive failure or whatever it was the title, and i talk a lot about some of the the structural problems that you end up having at companies like lemonade and a potential risk for for hippo with reinsurance. So yeah take a look at that, but really look at fintech.

You've got you've really got this fintech sell-off, you've got sofi, which also sometimes makes you wonder if you're going to have like rotations uh across the board of of companies rotating down more broadly as if it's sort of like a warning shot. But let's take a look here, so you've got paypal, pull up paypal here, paypal's sitting at 191 dollars. That's incredible! The thing's down another 1.2 percent here, but uh yeah paypal broke 190 for a moment. There 189.

That's incredible. You've got a hood robin hood, which is at 28 35. It just hit a low of square is at 222 and i'm pretty sure sofi is red as well. You've got really an anti-fintech movement here kind of interesting that uh that you do have a little bit of fintech paint, just a lack of excitement.

I don't know if that's potentially because of thoughts that maybe rates will go up sometime soon here and potentially that that could have a a drag for fintech or or what it is. But yeah, not not a lot of enthusiasm for the financial related stocks. Really a lot of enthusiasm, though, in in energy, here, energy chips, metaverse, that's really where excitement has been energy chips and metaverse energy, of course, mostly including evs as well again neo. Finally, coming back a little bit x, paying up 5.5 charge points up: 5.2 uh, solar edge, 5.3 sun power, 4.35 amc's up here at 4.5, ish 5.2 for gamestop tesla up uh 3.9 end phase, almost a full three percent.

Here, it's like 2.8 wow wild market. Lots. Lots of green but you're definitely seeing sectors that are beat up and i would say that's that's starting to be fintech uh and ensure tech. So if i were going to let's see here and and then i wonder how our consumer sector is going to do with with these coveted fears, but let's write that down for a second, so the positive versus the negative, so the negative ones, uh, fintech and insurtech - And then the positive, of course energy, but how are all of the discretionaries doing, because i know etsy is doing well, but i wonder how like target's doing, for example, but at target it's more of a stable.

Let's see target's down about one percent today still doing pretty well and then macy's macy's pretty much flat at these crazy highs. I don't think we're necessarily at all at the end, we're not at all-time highs, but we're certainly at uh, post covert highs and even slightly pre-covered highs, which is kind of incredible uh. Let's see here, ms microsoft, what's up with microsoft, oh yeah microsoft's just been killing it hmm backed holding seat back really. Another i mean you could really argue backed has been one of those uh uh momentum place, but uh also in the fintech space right and fintech and insurtech i mean look mq right, uh these guys getting burned right now.

I a firm should probably be over here as well somewhere, let's see here, yeah there's a firm, a firm's down 2.3 pound tears down a couple percent gosh paypal back at 190. um. So if you get a rotation in fintech and insurtech, is it possible that we're going to have an ev rotation down, followed by potentially uh, maybe a tech, hardware, rotation right? So, right now on the positive you got energy which uh should include ev and then of course, uh chips, nvidia amd, metaverse right, that's a hot category, sort of a newish category too. It's always good to kind of see when you have these sectoral trends and then uh surprisingly, the recovery stocks aren't doing.

I mean they're they're, certainly not great, like carnival cruise lines, you've given up a lot of the gains that you've had since july here, but it's certainly not like selling off you know, and it's it's almost at twenty dollars. Oh look at that it actually yeah. No! That's right on friday, it broke under twenty dollars. For a brief moment there i've been watching that one for a while neo uh almost had eight percent.

It's at uh, 7.95, nvidia's, 3.7 and uh tesla is, is not stopping up 4.23 canoe. Also getting pulled up now up uh 4.89 they've got a vehicle, that's roped off at the uh la auto show. I always think it's funny when they rope them off, though it's like really like. Let the people inside all right, let's see how the indices and bonds are doing all right, so dow jones up 0.46 s p at 0.57, nasdaq, 0.54 russell 2000.53 everything's up about half a percent oils up about a third and bond wise, we're sitting about 1.59.

That's actually a little pop there or probably on on the powell expectations that uh he'll be a little slower to respond to inflation uh. Hence, seeing a little bit of a move up there in the bonds we got a five day here should look high on the fight yeah. There we go. There's our bounce.

You can see that pretty. Well all right. Somebody says as a college student recovery stocks. Are your bread and butter? What what difference does that make if, like you're a college student, i don't get it uh? I don't.

I don't know about that. One! So, uh! All right! Let's see here, let's look at end phase names. What do we got on end face end phys, end phase record high 272 man everything's, just record highs, huh yeah, end phase analyst day preview when's the analyst day. I love how every company now has like some form of a day.

It's like battery day uh. You know neo day analyst day november. Oh well, analyst day was november. 16Th.

Oh that's interesting! This this report is a delayed report. Oh yeah, okay. This was from november 15th. Oh well, that's not as fun, but here's a company, that's pretty bullish on uh on end phase and face the margins are insane that's needham.

By the way the company i'm referring to analyst day, huh all right, okey dokey! There goes neo continuing to move here. 8.35. Now so, we've kind of watched this go from about 4 to about uh, eight and a half percent today, but definitely uh definitely got some momentum here and xpev x-bang now motors also moving, but so is tesla all of them kind of moving in sync here and Nvidia, of course you can't keep in video down. Oh my gosh, that's incredible! Uh when's meet kevin day! That's funny! Well, uh this black friday, when that coupon code expires uh all right.

Let me look at sofi here, because i am watching fintech, i'm watching the sell-off in fintech and uh, i'm looking for buying opportunities, but i want to see pain again, so i've built up a chunk of cash and i am hunting yeah. Look at that playing playing with that 1912 line here. Uh fell to about 1920.. So if i go out to the day, you can see this a little bit here.

That 1912 line is uh. Um, believe i drew this. I don't remember when, but i believe i drew this off the hour chart could have been that we also recently drew that around here at the end of october, but uh we'll see if we end up breaking through that. Take a look at bitcoin again: btc btc, 58.

3. Hmm! Okay, let's see if we can hunt for some other news. Let's try barons, oh parents, gon na make me log in that's boring, find them we'll go to the journal powell front page news: that's on inflation! The fed is running out of excuses. The wall street journal editorial board has not been very excited about uh bowel.

They, like anybody, but powell musk, says the model s plaid to launch in china next year. Well, there could be another reason for a little bit of excitement. Hmm, let's see here chinese weapons, video game giant blizzard, another cultural problem. Oh this is an interesting picture of iron dome rockets.

This is on the back of a truck kind of looks like it is anyway all right. Well, that's not too newsy. Let's try bloomberg. Okay, we talked about powell j pow.

You know that was a big catalyst or potential catalyst right. The market wasn't really expecting it, but a blind side on powell could have been could have been. A mover for the market did lucid, recover. Yeah lucid was down way more than one percent.

Let's see here, take a look at lcd. It's really fintech, that's just on. Like on flames, yeah lucid, recovered wow. Look at that recovery, good job lucid! Does that mean uh? What's its face has recovered as well.

Rivian yeah yeah a little bit a little bit of recovery here. It's really interesting in my opinion, though, how you get these these cyclical movements where, for a few months the evs are hot and sexy, then you get, you know, fintech, that's not hot and then and then at some point in the future. They rotate you get fintech. That's hot and then square and paypal and and affirm, and so far go to the moon and the evs.

Don't right now, it's clearly an eevee and chip cycle. I mean just just look at the day here. This is ridiculous: uh x-bang, neo, tesla, nvidia leotto, coming out of the woodworks here, they're all killing it right now and build a bear on no news. Of course, let's see if camber actually has news, i doubt it that one so frequently moves on just pure momentum.

Yeah i'm including paypal in in uh sort of that fintech lump uh, let's see here, oh actually, uh camber actually did jump on news. It discloses communication from nysc granted more time to file late financial reports. Oh wow, that's an interesting thing to jump 20 on uh wow, that's very interesting: okay, cool wow neo's! Now, nine percent back to 42 dollars good job, it's exciting for neo, a firm's almost down almost almost under 130. you're, really seeing this this uh.

It's like this rubber band, that's continuing to stretch where the evs continue to stretch up. I guess it'll be more like this: this kind of rubber band and the fintech and the payment processors you know the visa or whatever they continue to stretch down very interesting cycle, but that's exactly what's happening right now. Let's see how the spy is moving spy's, just straight up the market's really cheering this powell news here, huh interesting wayfarers, heading back to 300 win resorts, 3.79 amc, four new eggs, three tattoo, even tattooed, chefs up three percent. Today, it's a good day in the market when apple and tattoo chef are up over two percent apple.

Another two percent here, a lot of um a lot of excitement about the uh apple uh. Electric vehicle talk, let's see here, a melt up: market huh, wow, jeff bezos on donation spree gives obama foundation 100 million dollars. Wow, i didn't even know, obama had a foundation. I guess that makes sense, though uh that's your way.

To give back with your name and reputation. That's cool, uh, all right, sue, yeah, a spy needs a major correction. It's the the thing is as as much as i have taken a little bit of uh holdings and i've raised cash, which i'm happy to do that in uh, and i'm about what eight percent cash or something like that uh and i'm not worried about uh. You know potential.

Sometimes people are like, oh well. If you raised a little bit of cash, that means you sold something. Aren't you worried that if the market keeps going you're gon na miss out with that cash? No, absolutely not because i look at it this way. Let's say you have eight percent cash and that represents uh.

I'm just going to use a round example here that represents a hundred thousand dollars. Okay, uh or or it represents ten thousand dollars whatever right and that's eight percent cash uh. And then let's say the market moves another twenty percent, that's great! So you know on ten thousand dollars. That's another two thousand dollars or 100k that'd be another.

20. 000. That's a lot of money right. But what happens when we finally do get fear in the market? Again and that not only does that 20 evaporate, but another 25 evaporates on top of that.

Having that eight percent cash in in moments of fear and pain, uh can be such a great way to get outsized returns. People are always wondering like how do you beat the market? How do you get outsized returns? Well, my opinion. It's not investing when the market's going up it's going big when the market's going down, and sometimes it's such a weird thing, but we we so overly emphasize where we are and feel like it's going to last forever. So, for example, when we're in this moment of euphoria, like kind of like what we are now most mostly euphoria, with the exception of again ensure tech, payment, processors and fintech uh, it feels like well, this is just gon na keep going on.

Why would it come down? It always? Does it just always does, and so i think, having that faith is, is really difficult. Uh, like i think, it's ridiculous, that matterport is up uh 6.8 again, i don't have any covered calls. I don't have any shorts on on it. I have zero shorts right now, um i'm wearing shorts, but i'm not shorting anything uh, it's crazy! Oh that's, not true! I do have one leftover covered call because i wanted to shave a little bit off end phase, and so i have that leftover covered call for january, which will probably just leave, because who knows, i really think the next potential negative catalyst you have is drama around The government shutdown again the debt ceiling and the buildback better plan with with uh the senate.

I think that's going to pass, though i think manchin is going to be uh he's going to end up getting convinced, we'll see, but uh that'll all be sort of at the beginning of december. We shall see all right. So what else? I i mean this this. Let me see if there's matterport news, because this is ridiculous.

Mttr all right matapor completes a c2 type audit yeah. I don't know what that is, but um yay announce a successful completion. Let's see uh today announced it has successfully completed an soc 2 type 2 service organization, control audit for its platform platform and services. Okay, audit provides an if an objective evaluation of the effectiveness of controls involving operations and compliance at matterport.

So it's basically a scrub down of their accounting procedures and i guess they passed their audit but 6.3 on this jeez very interesting, all right: tesla, 4.4, wow, okay, so uh! Let's do another peak here: fintech continuing fintech and insure tech continuing to sell off back down about nine percent, uh insurtech selling off rivien's down about that five. Here's rude another insurance place, selling down uh a firm's down about almost a full five percent. Uh tell me it's it's that it's that uh in fintech cycle so far down 3.8. What's what's the breaking news cnbc on the street, i'm diana oleg with breaking news from the national association of realtors existing home sales rose very slightly up 0.8 percent month to month to a seasonally adjusted annualized rate of 6.34 million units sales were down 5.8 percent year-over-year On inventory, not great, there were 1.25 million homes available for sale at the end of october.

That is 12 lower compared with a year ago. This represents a 2.4 month supply at the current sales pace. A five to six month supply is considered a balanced market between buyer and seller, now weak supply and still strong demand pushed the median price of an existing home to three hundred fifty three thousand nine hundred dollars. That's thirteen point: one percent higher than october twenty twenty and by price category sales of homes under two hundred and fifty thousand dollars.

They fell twenty four percent year over year, because there's so little supply sales of homes, priced between 750 and 1 million dollars rose 25 and sales of million dollar plus homes were up 31. The realtors chief economist points to an increase in investors in the market likely driven by soaring rents for single-family homes. Investors made up 17 percent of october buyers up from 13 in september and 14 in october of last year. All cash buyers 24.

Most investors, of course, use cash and first-time buyers were just 29 of sales compared with 32 percent a year ago, and historically, that share should be around 40, so carl investors knocking out the first time buyers as usual, amazing diana. Thank you, diana oleg uh good monday morning. Everybody welcome to another hour squawk on the street, all right, uh, okay, so uh pretty consistent day here, fintech payment processors, these guys getting smoked uh, including square you've, got uh. Also.

Software plays rotating down. Docusign cloud flare, uh, pinterest, not so much software play, but a monday.com appellants talenteer 21 dollars now so software really rotating down here, even trade desks coming down a little bit with it. Looking at the upside uh, it's it's evs! It's solar uh, with the exception of rivian and uh and lucid uh. It's chips very, very, very consistent here: okay, cool well uh with that said, i will see you in the next video.

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