Hey everyone meet kevin here, so things have uh gone a little crazy, uh, the uh, the stock market's red again uh we're gon na take a peek at the the red i mean i did find some green uh see oils up, but uh and the 10-year treasuries Are up slightly at 1.493 here, but uh yeah we've we've got uh some red indices again here uh. Barely though the dow is basically flat, the s p 500 is down 0.1, the nasdaq futures are down 0.25, and most of this is is just more of this supply chain. Fear garbage the typical kind of stuff that we see, which i think it's worth mentioning - that uh over at met kevin.com supply. I made this pie and i did a video on this yesterday.

I highly encourage you to check it out, but basically, what i did is i put together. Companies that i believe were really hit by supply shortages, uh disney mattel and face shift sherwin williams under armour nike hasbro, and i believe that there's a potential opportunity to invest in these companies as they continue to dip over here. Take a look at this we're seeing this recent dip we've seen a lot of flatness in this particular a grouping of stocks here, they've basically been flat since december of last year, which is great as a group which, in my opinion, is, is great because it's a Sign that we've really been struggling under the supply chain crises, so in my opinion there could be a potential opportunity to buy it on these, but we're gon na we're gon na watch. We're gon na take a peek around here at uh, some of the other uh uh stocks and and uh some of the craziness that we've got going on here.

So we've got moderna, that's down five point: seven one percent, the merc vaccine, not not vaccinating! I don't know why i say that the merck pill, the red pill, folks, game, changer, okay, i can't stress enough how much of a game changer the merc pill is uh. In fact, you know what we'll do we'll talk about that in just a moment, we'll go through that. In fact, i have some extra notes here and we'll go through a little bit more on the merc pill in just a moment, because i it is, that is a game changer for the market. Uh and there's gon na be something happening in the next few weeks.

About this uh, so we'll talk about that in just a moment. In fact, let me see if i could just air drop it over here really quick, because i do want to talk about it. Uh but anyway hope you had a great weekend uh, i'm looking for deals in the stock market. Obviously, as usual and red days are good to do so, uh! Okay, let's see, can i actually get the darn file airdropped here.

Let's see give me one second here and got it airdrop's funny. Sometimes all right here we go nailed it uh. Okay, perfect, let's cancel over here there we go okay, so ah, oh darn! No, that's not what i wanted. Uh hold on one sec, where the heck is it.

I have uh such a beautiful piece that i wanted to just review about uh that and then we'll hit these uh. The sticks here, wow got it finally uh, but anyway yeah. That's gon na that's gon na be a market mover right now. Markets are moving down.

I, in my opinion, on supply issues. Again, it's just the markets just like over and over and over again. It's like supply supply supply. It's old news in my opinion.

At this point, the evergrand crisis, the shares were suspended there. I want to keep an eye on evergrand as well, because shares have been suspended and i want to find out at least as of 2am yesterday, because i was still awake. There was uh there was a suspension on the stock. In fact, let's take a quick peek at that and then maybe we'll do some research on that uh 333..

Also, google, okay, here we go 333.hk yeah, it's still suspended. So i think a lot of folks think that this is pending news right now. So, okay, we'll come back to evergreen. So here's the thing.

Okay in case you don't know, and the reason this came up is because moderna is down 5.36. The reason moderna is falling and it's falling hard is because a lot of folks were getting into moderna under the thought that oh, my gosh, if the vaccines wear off the booster capability of moderna wears off then or just the efficacy of the vaccine wears off same Thing with pfizer, then that means this vaccine is going to get recurring revenue over and over and over again, let's buy modernist stock. That's what a lot of folks have been doing. Pfizer hasn't been performing as well as moderna, but turner's just been going to the moon, but - and that's specifically because we've seen the efficacy of these vaccines uh the mrna vaccines decline after about six to 12 months, you're, seeing efficacy declines in the neighborhood of going from 90 efficacy, early on to like 50 to 60 efficacy, not so great, but there's a big new thing that was just announced and it's the uh merc pill.

Now. This is very interesting, and this is what's leading some of these vaccine stocks to go down like moderna. The merck pill is an antiviral pill and so the way i kind of think about it is, you know, have you ever been uh? Let's say you had like an infection or whatever or you're sick, or something and you've got like things like acetaminophen, that's tylenol. I'm thinking, what's it called amoxicillin, you know some sort of like anti uh antibiotic or whatever right like hey.

Take these pills for 10 days and you'll get better well. Merck has an experimental oral covid19 antiviral drug called malnupiravir. Who cares what it is? It's mercs red pill is what it is: okay and in its first clinical trials, the medication showed that it cuts hospitalization rates by 50. In fact, the trial was going so freaking well that they stopped enrolling new patients, and now merck is expected to file for emergency use authorization for their red pill.

That's what i call the merck red pill uh within the next two to three weeks. In my opinion, when merck gets their eua well, first of all, we're probably going to see less people get vaccinated who feel like they make more considering getting vaccine because they're like ah yeah. I don't need the vaccine i'll just take the red pill, because what again? What it's showing to do is reduce hospitalization rates by 50, once you're diagnosed with coven you take the pills, uh and uh eliminate the death rate, at least so far in the trial. So in the trial i believe, of about 750 people.

You've got uh in in the people taking the pill hospitalization's down 50 zero deaths on the uh placebo group, people are still dying and getting hospitalized at normal rates. So it shows a clear efficacy that this pill is working very, very well. 755 patients enrolled. As of august 5th, none of the patients who received the red pill died in clinical trials.

It is not again fda approved, but they're going to go for that eua approval very soon. If the fda issues an emergency use authorization, the us government has already agreed to buy 1.7 million five-day treatment. Courses for the drug for 1.2 billion dollars see it's kind of like. I was saying with the antibiotics you take it for a few days like you get diagnosed, and then you take it.

I again personally just think that a lot fewer people are probably going to get vaccinated who would have otherwise gotten vaccinated because it's like oh i'll, just take the pill. Okay uh, but it's nice to know, because people are still getting sick with the vaccine right, uh, you're, having breakthrough cases, you could still spread covert with a vaccine and don't get me wrong. I'm pro-vaccination! I encourage people to get vaccinated, i'm not for forcing people but uh. You know i'm pro pro getting vaccinated, but it's nice to know that, like let's say if i'm vaccinated and then i got sick with covet and uh and it's like crap, i might have to go to the hospital i'd rather take the red pill.

You know take that on top of your backs or not whatever, the merck presented a study at a medical conference showing this as uh being active against all variants, as well as the original version, and that's because this particular drug does not actually attack the spike protein Of the virus and that's what differentiates the vaccines from this particular drug, which is really interesting, this drug instead targets that says the viral polymerase. I have no idea what that well. Actually it says here and we took notes on this - an enzyme needed for the virus to make copies of itself. Okay, cool, that's really neat, because now you have a pill that actually works against all the different variants.

Instead of a vaccine that you have to constantly update because the little stupid spike proteins on the cove virus, or whatever keep transforming so uh it'll, be also interesting to see if they can apply this to other illnesses. Things like the flu, like imagine, if you had you had a pill for the flu like this, that would be freaking, amazing or even like hiv or rabies, uh, even chicken pox. You know some of these other things uh worth noting that merck is public, and so i'm actually going to add them to our watch list. Let's see here, uh, oh yeah, like look at their stock right now, like it's just like uh, when this came out on uh, when this was announced.

On october 1st, you went from a share price of like the day before you closed at 75.61 to closing at 81.98, like we need to put murk on the list like asap uh. So let's do that here, really quick, so mark mcmurray. Where are you merc? You are going on the list here. It is mrk.

It's up 3.43 today, we're gon na add that to the watch list and home heck yeah, but anyway, they've got a market cap of 190 billion dollars. So this is not a small company they're big company in 2020, worth noting that their revenue was 48 billion, which was only two percent up from the prior year, so smaller growth company very little or even negative growth in some years for the past decade. So like they need something like this to really like moon them again right, but they're, very profitable 72 gross margin, uh and uh we're expecting to see kind of growth. Of now, with with this red pill of potentially much more uh early thursday merck announced a deal to acquire a different company during the okay.

Let's see here what else uh acceleron research, okay, they acquired acceleron and one risk worth noting to merck. If you're going to invest in this company is they're pretty reliant on this medication called ki truda, no idea what that is: ki truda, ki truda uh that one medication has 4.2 billion dollars of revenue. Just in a quarter. The medication is expected to face fierce competition.

So what is this darn thing? He trudea uh? Oh i clicked the ad for it. I don't know, should i click the ad for it who knows, but anyway, what? What is this darn thing breakthrough? Immunotherapy advance? Okay, oh this has to do with cancers. Oh it's! It's a cancer treatment of some sort. Heat router is a prescription.

Medicine used to treat a kind of skin cancer, known as melanoma kind of lung cancer wow. It does a lot of things like it targets a lot of different cancers. That's interesting! So anyway, that's this. Has been merck's, bread and butter right here is: is this ketu? I wonder what it costs just out of curiosity ketro to cost, but this has been merck's, bread and butter here three weeks, the list price for the indicated dose of ketruda when given every three weeks is ten thousand dollars holy smokes ten thousand dollars who pays for This, when, given every six weeks, is twenty thousand dollars, most people will not pay the list price.

Oh okay, like how they give you that disclosure, although it may have an impact on your out-of-pocket costs, uh yeah, no kidding, that's, probably because insurance companies have negotiated rates and stuff, but boy. Oh boy, um medications are crazy, but anyway uh yeah, i mean merck. This is an interesting one to watch. I mean personally, i'm interested in in considering merck, because that that technology to me seems even more well.

I, wouldn't i shouldn't say more impressive than the vaccines, because, quite frankly, i'd rather just not get sick and if the vaccine can prevent you from getting sick, i think that's great uh, but uh hey. You know if, if you do get sick like even if you have the flu - which they don't have this for the flu yet right, this is this is extrapolating, but if they got this for the flu, which i mean i think covet might be like our new Version of that uh, that's pretty good, uh and so yeah. I mean you've got kind of miscellaneous just worth noting quickly here for uh um merck. They have a p e ratio right here in 2021 of let's see eps of uh 1.8.

So if you divide 80 by 1.8, that's about 44. next year, they're expected to have an eps. Oh i'm sorry that, oh i'm sorry, their eps is actually 5.55 right. Now i read the wrong number: they're they're, only trading for 14 times revenue, i'm sorry, 14 times earnings right now, 14 times earnings per share, it's a pretty inexpensive company because it's basically not expected to grow much.

If you watch my tesla video yesterday, you'll see how uh p e ratio is the market's assumption of how much you're going to grow so kind of interesting to see that so merck interesting one to me, i'm a 190 billion dollar company. I don't know i i can be tempted to buy this thing, but anyway, then we've got uh tesla up uh, almost three percent today, two point: seven six percent dave and busters was neg in the pre market here, but it's actually up 2.96. I really do think this is uh. Oh they have it for the flu.

It's called tamiflu good point uh, but uh. I wonder i wonder how how well that is how good that uh it works. I would have to research that so, if you're interested in the merck thing go check out, uh tamiflu as well as a potential competitor worth noting. Okay, let's move on here so hud 8 mining, 0.76 coinbase point three percent.

So how is btc doing right now and let's see why things are red as well we're going to look at our losers here in just a moment, so btc has kind of been sitting at this line this shelf over here. Yeah. Look at this. I have a shelf drawn for bitcoin at 47w and uh.

Let's see here, you can really see it's testing that shelf here over and over and over again yeah. That's interesting, yeah, okay, uh! I'm going to write down i'm going to read the merck study, i'm going to write that down uh study for mark, although i i doubt i'm sure i'll, probably just get the same bottom line. But it's an interesting thing because if they're going to get eu way it makes you wonder if there's a play to be made there, so i mean i'm gon na look into that: okay cool! So anyway, then we have merck dave buster, okay, so these are the ups here. Let's look at the downs we saw bitcoin sitting on the shelf.

Modern is getting smoked. Wayfair uh down to 245 on wayfair inexpensive, a firm's actually down 1.71 as well. So is trade desk uh hippo you've got a lot of the higher valuation kind of uh tech. Uh names uh down a little bit here.

You've even got neo down a percent back to about 35 open door square. Look at squares pricing - it's actually not horrible. In my opinion, at 237, they they have previously around may gone just below 200., i kind of like them around 230.. I still think they're expensive, though, but i'm okay around there lemonade selling off another half percent here down to 64..

Now lemonade is getting increasingly juicy by the way you get under 60 you're starting to get close to ipo pricing again, which is crazy to think about uh. Then, let's see here, autodesk lululemon alphabet, caterpillar, corsair, gaming, adobe, amazon, alphabet, okay, all right! So, oh well, let's see here there we go get our full watch list here. Trade desk, that's an interesting one too. I love trade desk.

Oh docusigns kind of everything is just kind of slow bleeding right now, which is great if you want to go shopping, not so great. If you have options and and you're trying to make some money uh, you can say: oh purple, innovation actually coming up a little bit again here, let's go ahead and take a look at some top news that we've got going on right now and uh yeah. Let's look at some evergreen news, so let me try to pull up the latest here on evergrand. So give me one second here: uh hahaha, evergreen! Okay, let's see here, evergreen spillover risk october 3rd.

No, we want stuff from the fourth okay. Here we go, oops got ta, hit the right buttons, all right, folks, here's the latest on evergrand share trading suspended, and so when you go to google right now and you type in 333, i don't know how many it's four threes dot, hk uh, there's there's nothing! There's no chart with the exception of of uh the last trading day, which was actually september 30th, so they've been suspended for the month. Uh, let's go to 666 and we are suspended over here as well on the hong kong stock exchange, so uh evergrand uh showing no chart available. Although i wonder uh, let's see here, yeah nope share trading suspended there we go share trading suspended as debt test looms.

Evergrand update, let's take a look here. Okay, what do we have here? Shares in china? Evergreen group and its property management unit were suspended from trading monday, so both wow as fresh as a fresh debt test loomed for the developer, underscoring broader risks that have left credit markets on edge yeah. Okay. So let's hear what the details are here: uh! Oh here we go look at this hobson development holdings, whose shares were also suspended plans to acquire a 51 percent.

That is a controlling stake. Folks 51 is a big number when it comes to corporate finance. That's a takeover right in evergrand property services. According to chinese, a chinese financial news platform citing unidentified people - okay, so this is a rumor right now, there's a rumor that ever grand is going to basically have its controlling interests acquired and it's going to be controlled by a different developer.

This is what we expected. We expected the free market to the extent that it's free in china to to come in and essentially bail out, uh evergrand by acquiring them at a discount. I did some research on this yesterday. There was talk about about a uh around a 25 to 35 discount is what we're expecting evergrand to get acquired for we're, not sure if that's off of its last valuation in terms of what public stock was trading for we're not sure yet.

But the good news here is that if a new developer comes in to buy evergren, the chinese communist party is going to be likely to work with the new developer because they want to punish the one. That's screwed up but they'd be happy to help the white knight who's coming in to bail him out my expectation, my expectation is that they'll get you know, looser financing terms or easier opportunities to develop properties and take over faster and quicker, and i actually like i've Mentioned before i think this whole evergreen crisis is going to evaporate if a new company comes in and bails this crisis out. This is best case scenario for the evergreen crisis: uncertainty over the full extent of evergren's debt load beyond more than 300 billion dollars. In reported, liabilities has plagued investors and people are concerned about contagion, key developments here, uh hubsan's, dev usd bonds, uh tumble on the report about buying a 51 steak, so hops, okay, hopson, not hobson, hobson uh, it doesn't sound like the market - is super excited about taking On this sort of uh evergrand deal because it does sound like a hot potato, so it's not a surprise that probably hopson might have a might have a little bit of a downward adjustment.

Uh, look at this ever grand september sales drop 55 month over month amid crisis yeah. That's that's not a way to get yourself out of bankruptcy's g's evergrand woes spread to sweden with eevee units seeking new owners and evergrant pays back some cash owed to wealth product investors still not repaying its debt owed so uh. What do we have here? Fantasia dollar bonds plummet ahead of maturity. Evergrand nev jumps 29.

So what is this trading continues in the developers vehicle unit, china, evergrants new vehicle group limited on monday, with the stock closing up 29 wow. That's probably on the news of the acquisition that basic yeah look at that, so here's what's happening the stock market, as i just mentioned like well. I assumed that this is good news right. I assume this is good news, because they're going to be able to work with local governments, it's a new developer.

Okay, every grant gets punished. They get bought out great look at this. This is one of the ever grand shares. That's actually trading.

It's not three. Three. Three: three: it's not six, six, six, six uh! It is china, evergrand energy group, the energy vehicle group up 48 on this acquisition news. It's pretty impressive.

Okay, let's go ahead and get to the closing bell. I don't have cnbc today we're actually going to try bloomberg today. Oh no, i don't think we can try bloomberg today because they're, how are they on commercial? For the bell? Oh no, okay! Let me see if i can get the watch live up. Oh no! I can't oh here we go okay here they show us the belt back to february equity futures this morning, erasing some of the early losses still negative, two tenths of one percent totally unchanged.

That's the opening power switch at the board and get to the bond market. This is the scene in a treasury, market yields are a little bit higher. The curve is a little bit steeper. We approach 150 on tens at about 149.

It's not the same, it's not the same. When bloomberg, does it uh cnbc's? Better? It's just not the same. It just ain't the same, but anyway this is fascinating, so really what's happening here with the evergrand crisis. Bottom line to this, this evergreen talk bottom line is that evergrand is going to get bought out by the private market.

We already know that smaller developments had been getting bought up by local developers and local developers had been making deals with local municipalities within china to take over projects. Now you've got a massive corporation this this hubsan group hobson china. I don't know group here that is buying in a potentially 51 stake. Hubsan chu may become the largest tycoon to bolster evergrand yeah, so this particular development company here with 7 000 employees founded in 1992, hey that's when i was born uh.

They are on the stock exchange. Let's see if i can pull up their stock, uh oops that didn't copy and paste, but anyway they are a listed company and equities quote here. We go okay, interesting, so they're a listed company they are. Do we have a market cap here, market cap? They have a hong kong, they have a 60 billion dollar market cap and uh.

That is it's a pretty decent size for for a property, developer, uh, hk, 60 billion dollars here and they previously closed at 27. So, based on what the bond market is doing, it's possible that hobson's share price could fall when we resume trading and evergrand. We have still haven't seen three three three three and six six six six, but it's possible that those are going to skyrocket on this news, because they're getting basically bought out 51 controlling interest. It depends what the terms of those deals are, but, in my opinion, this takeover just basically takes this whole evergrand crisis, wraps it up into a dirty nasty bundle of horrible laundry and and throws it away into a different company.

In my opinion, this is great news. This is excellent news because it means the contagion is now absorbed by a different company. They take on the liabilities again at a discount, but the evergrand crisis will be over. So this is great news.

Honestly. The market should turn green on this news uh, but right now it is still a little red still slightly red, though a lot of talk about the supply chain. Crises, although i mean this, is barely red. What's really getting burned right now is uh the nasdaq, and this right here is not uh accurate.

The russell always takes 15 minutes to update, but these guys are accurate right here. So we're right across the board. The nasdaq technology is getting burned, the most, with the exception, of course, of tesla tesla. Okay, let's get rid of pre-market over here there we go so uh.

Let's see here, tesla 2.95 gm is up almost four percent. This morning here, dogecoin just jumped dogecoin up. Seven percent of the moment at 23 cents got cardano up at uh, two, almost 220, there ethereum almost 34 and uh about to cross the 38 threshold. It's possible that this evergrand news by the way is going to boost crypto, and this is something else to consider, is that if the ever grand crisis is under wraps, crypto prices could go up and i think that's.

Why we're seeing an inflection point here in crypto prices? I would actually expect that to continue, because there are a lot of haulers in china. You know, don't don't uh like uh shut china out they they, even though china is uh uh. You know essentially uh banning financial transactions and brokeraging of crypto in china. There are a lot of people in china who don't trust their currency as much as they just kept.

The crypto well also just in transparency that used to be the dollar people used to trust. The dollar the most, but now there's there's this alternate a decentralized alternate, uh, okay, upstart, it's actually under 300, here, dq expi down at 39 dq's down about 3.6, got some right here, probably some opportunities to go shopping, canadian, solar, neo and phase a lot of the Energy companies down right now and face sitting at 150 again you've got uh these again these. This is a lot of the supply. Related tech related not exactly sure why today we're seeing a sell-off, especially if we have good news coming out of the evergrand crisis, we should we should be seeing more green than we are right now, even the chargers selling down it's possible that there's just lingering concern Over the debt ceiling or congress, which is the biggest riot ever a tesla now over 800 congratulations.

Folks tesla is over 800. uh. I don't have my phone here. What a ripoff uh tesla is now under 800.

As i say, uh, it did run up to about 802.88 here, uh, it's sitting at 799 right now, but congratulations, tesla uh! I do want to go. Let's see, um yeah well a lot of you're right. It's not just evergrand! That's halted! It's uh! It's multiple companies and that's because of of how much of a market shift we're going to see once this deal is actually formulized, so china flies more military into the taiwan airspace yeah i mean this is always something that goes on okay. This is interesting, so i'm not blindly trusting big pharma.

I i don't blindly trust big pharma. I highly encourage anybody if you're going to invest in a company like merc, which i don't that uh research you know, do your research on on the studies and see you know they haven't been verified yet right. You want to have them reviewed by the fda. You want to have uh them peer-reviewed, there's a lot of work to do uh when it comes to big pharma.

I'm not i'm not the biggest fan of big pharma. I think uh pharmaceuticals are some crazy pricing, all right ten-year treasury and just like anything, they're corporation right they're in it they're in it to make money uh, which always begs the question like is: is the goal cure or keeping you on the pill? You know anyway, uh treasury yields. Somebody says they're rising. Let's go to the day chart here on treasury yields.

We do have a little bit of a push on treasury yields about 0.06 percent a little bit of a pop-up. Here we were as low as about 1.46 right now sitting at about 1.49, where i think we're going to be pretty stable around this range here, tesla actually falling now uh tesla's selling down quite a bit here, tesla catching up potentially to the nasdaq sell down that We have going on right now, which makes sense technology companies getting uh whacked a little bit here, yeah. At the same time, though, as crypto is continuing to inflect up, this crypto inflection, in my opinion, is heavily because of uh the evergreen discussion. I think that's that's huge moderna is accelerating its losses.

Down 7.71 lordstown motors getting whacked here. 6.8 looks like a lot of that enthusiasm of lordstown motors selling off their uh manufacturing plant to foxconn to actually get vehicles produced, looks like a lot of that. Enthusiasm is escaping markets right now, yeah. This is the market's actually getting worse right now, folks, now: okay, if if history holds true, okay, here's what we got to do if history holds here's, how you got to play this okay, so here's what we're going to do! We're going to look at the let's go to the five-minute chart here, zoom out a little bit, so history usually shows that around this california, seven to eight time or sometimes around 10 a.m.

We have the biggest pain. So take a look at this. I'm gon na write this down so uh. Let's do monday, tuesday, wednesday, thursday, friday, okay, so friday, peak pain was between seven and eight.

I i'd say around i'll, say to seven to eight range. Peak pain on uh thursday was actually the close of business and 9 to 10., so i'm going to do 9 to 10 and close. Then we had peak pain over here 9 to 11 and close on that's wednesday, 9 to 11 and close and tuesday. We had 9 50, so this is about 10 to 11., i'm going to say 10 to 11 and close 10 to 11 and close, and here we had, we have to get rid of that stupid, crazy bar that was sort of a glitch over here.

But if we get rid of that glitch peak pain here was probably around uh nine, so right around ten right around nine and ten nine and ten and close. So, if last week is any guide, then really we we could potentially see the market continue to be red. Moving into the uh 9 to 11 o'clock range, which was a pretty painful time for almost for every single day last week, except for friday, monday tuesday, wednesday thursday, all had pain during the nine and 11 o'clock hour and uh, and the close on those days as Well, so, if there's pain between 9 and 11, maybe that means the clothes is going to have some pain too. So, if you're going to go shopping, potentially the time to do, that could be between 9 11 and close, which will be right after our course.

Member live stream link down below, but also i got ta mention if you have not yet gotten your free stock with public, make sure to go to metcalvan.com public, get a free stock worth all the way up to 70. Folks, when the market is red, it is time to get yourself a free stock with public med, kevin.com public get a free stock worth all the way up to seventy dollars, metcalfe.com public and, if you're stressed out by this red. Of course, the easiest thing to do is go to metcalf.com life to get yourself life insurance in as little as five minutes, which i always think, it's crazy, that you can get life insurance in the middle of a pandemic, uh kind of crazy, but anyway uh owlette 28 drop. Really.

I see this in the course members stock chat here that owlette just got destroyed. Apparently, let's take a look here. Let's actually add: oh, oh owlette just got whacked. Oh my gosh! That's that's insane! Why what happened hold on a second? Let me go to the terminal really.

This is insane uh, okay, here, okay i'll! Let let's see what's happening here. I got ta sip, some coffee. What's that bullcrap? What okay folks owlette is down 28 for apparently receiving a letter from the fda, a complaint warning on their smart sock product now in case you're, not familiar with the smart sock, the smart uh stock air sock gosh. This is gon na mess me up.

A smart sock is a product that uh parents can put on their infants. You put it on so imagine this is a baby's foot right here. You you wrap the sock around the baby's foot and then you put a monitor in your bedroom and the sock measures. The child's heart rate.

I believe it is and the blood oxygen of the baby through its foot and if there's a drop in blood oxygen or a drop in a heart rate, then all of a sudden you'll see some sort of alarm go off in the parent's room. We actually have this product and it gives parents a lot of peace of mind. We don't know if it's it's uh. You know accurate peace of mind, but that's because there's something known as sids sudden infant death syndrome, and it's really terrible.

It's basically that children can just literally die uh when they're brand new, very, very sad, a horrible for any parent to ever have to deal with uh, something like that, but uh. But apparently now there's some sort of uh fda letter that was filed against uh. Let here let's go ahead and take a look at specifically. What's going on, i'm going to pull up the filing right here and uh we'll go through it, but look anytime.

You have an fda letter that comes out. Usually it's some sort of claim that that they've launched an investigation or that uh. You know, there's some sorts of additional clarity the fda wants. If, if these, if this issue goes away with owlette, it could be a potential, buy the dip opportunity where, if you buy the dip now - and you believe the issue is going to go away, then, potentially, when the issue does go away, you could see a nice.

You know jump in the stock, so let's go ahead and see what it is. This is the 8k from owlette. Let's get the details here so uh. On october, 1st 2021 owlette received a warning letter from the fda.

The warning letter asserts the company's marketing of its smart sock product in the us, renders the smart sock, a medical device requiring pre-market clearance or approval from the fda, and that the company has not obtained such clearance or approval in violation of the fda act. The company should take prompt action to address the alleged violations, among other things, the warning letter requests. The company cease commercial distribution of the smart sock for uses in measuring blood oxygen, saturation and pulse rate, where metrics are intended to identify or diagnose desaturation or some heart issue using alarm functionality. This is exactly what i talked about: uh, okay, so the the company requests, the company cease commercial distribution.

Okay, i understand the warning letter you know: what's going to happen, is owlette's going to file uh for an injunction. This is going to get caught up in court. I doubt they're going to actually stop sales on. This company intends to fully cooperate, including through the pursuit of a marketing authorization application.

In addition, the company plans to issue a timely response uh to the fda regarding modifications and marketing issues. Okay got it. The company cannot, however, give assurances that the fda will be satisfied with the company's actions. The company also cannot give assurances in terms of the timing of this chief financial officer.

Okay, got it uh. So honestly, this is this: is such uh so much so i'm about to buy some outlet for some dirt cheap money right here. Let's go, let's go shopping uh. How much do i want to buy? I don't know: let's buy like uh how much we want to buy 50 000 shares if it dips more, we'll buy more, i'm buying 200 grand boom.

I just did it. Oh dear um, okay, let's go ahead and uh send a quick alert like i always do. When i see these things during the day and i'm not doing live streams, i always send these alerts uh by owlette on the dip. After just once, all right, um and uh - actually you know what i'm i think this is such i'm gon na buy another 50k.

There we go uh, so that was about 384 thousand dollars that i put in yeah at about 406. Actually, it's not even about at there. We go all right. Okay, in my opinion, this this uh, the fda, is just being a pansy little wee baby corporation.

Well, it's not a corporation but government agency, and you know what it is. It's no different than me doing. Termite repairs at a property and then the city coming over going wait come on. We got ta, go to sith sith meet kevin sith, lord sir.

You must request a permit to do anything in california. You have not paid your fee now. We are issuing a warning letter and requesting that you stop work until you pay our fee. This is such bogus and, and i think that the stock's selling off, because people are like - oh my gosh, the fda - sent a warning letter to to owlette.

Oh, my gosh, maybe the product's bad dude, the product's fine like what what it like. How could the pro? It's? Not that hard, it's a suck that measures your blood oxygen and your heart rate. What is the technology broken come on? Man? All they want is their dumb permit feet. This is so stupid.

This is, it says, stupid. It's it's so dumb this! This is the kind of garbage that i like investing in. When i see when i see the stock market have a little pissy fit hissy fit over over stupid nonsense like this, it's like whatever here have my money uh, it's like please, that's so dumb uh owlette's, a great company uh. I support owlette uh this this a 29 fall on this.

That is just dumb uh. Look if you again, if you don't know what outlet is i and i'm not even sponsored by owlette but hey, look, it says here tell us who you are and enjoy 25 off your first purchase. One thing that i really think is cool. Oh, take a look at the disclaimer they just put up by the way.

The smart sock is an information gathering product for use on healthy babies. Only it is not a medical device, they read, they added a disclaimer, oh, that is brilliant, but anyway uh. Who cares? Whatever, even if there's a lawsuit around it, i don't care it's bogus like look. If you're a medical device, then pay the fees and get certified.

Who cares if anything it'd be good for the company to get certified as a medical device? Who cares how much freaking harder? Is it it ain't, but really in my opinion, this is no different than having a little baby, monitor camera or all this other stuff which uh by the way they've added a bunch of new products. Uh, like i i don't know, all the crap that they have here uh we have the smarts, we own the smart sock, it's great, okay, i'll let cam whatever everybody's got cameras, oh and here you can buy the camera and the sock together. Okay, great, i don't know what that is, dream labs, maybe like some sleep, app or whatever uh, whatever some other accessories: pregnancy bands: okay, there's a beta for a pregnancy band. Oh that's interesting! Let's take a look at this okay, so uh! Oh, this looks like something you put on your belly: uh connect, uh connect with your baby months before your due date with the outlet pregnancy band, get daily insights uh.

Oh that's cute track your track, your sleep position uh and heart rate. Okay. So that's yours here, a recording of your baby's heartbeat, oh and view baby's heartbeat trends. Oh my gosh! That's actually really smart like there.

There are women who uh who will buy these uh. Look at these things: fetal doppler, uh radar, amazon or whatever women buy this stuff uh, it's uh this thing here: fetal, doppler, thingy and and basically like they have to they. They have to try to figure out where, where the baby is and then they can hear the baby's heartbeat and it's it's actually really comforting to the mother uh like they hear that it's really cool i've heard important and um. It's really comforting to the mother because it's like, oh my baby's in there and it's alive right like oh, i haven't heard my baby in oil.

Oh it's! Okay! It must just be sleeping or something like that uh, and so i guess, if you could just do a pregnancy band or something like this, while you're sleeping that's kind of cool honestly like again, i'm not sponsored by the company. I don't really care uh. What's going on with this fda thing, i think it's bogus uh, but whatever you know, that's just me. I think this is cool.

I think it's a great device, i'm a big fan of it and i'm a supporter of it uh. You know so. The this is the thing. This is the thing that's next to i, we've heard this thing go off a few times, uh and uh.

It's really loud. It's like, like the most annoying smoke detector ever, which i mean it should be like if your baby's dying, like you should probably know, but anyway, lordstown motors is uh yeah. So, okay, those are my thoughts on owlette. This fall is ridiculous.

The fda just wants their feet and their money when the fda should be focused on dealing with the freaking vaccines and making sure they're safe, and they should be dealing with merck instead of trying to collect their dumb permit fees jerks anyway. So uh oh looks like i'll: let's suspend it down anyway, uh expi is down, so that's enough about outlet. Okay, if you like my psychology, stocks and psychology of money program, is linked down below with a 41 off coupon code and that coupon code by the way is called diamond hands. Okay, so where were we so uh? Thank you.

I got ta shout out some folks here hold on by the way, thank you by the way to the people who uh, who shouted out uh this tesla coder in the stock chat. Thank you very much. You were the reason. One of the reasons i knew what this happened: yep tesla coder - actually was you.

It was you tesla coder. You said it twice: owlette wtf outlet, 28 drop. Thank you. Tesla coder shout out okay.

So where were we here? Okay, lordstown motor is down 10.2 because the company's going bk they got nothing. They don't even have a factory left they're going bk uh rocket lab down 7.2 percent. That's because they told me they were too busy to do an interview with me sucks for you guys now you're down, that's what you get expi is down five point. Five, two percent uh arkamoto down five percent, is what we're getting some real pain here.

Let's go. Let's get some more oh 148 on end phase and we're still trending down. Let's go uh, please let me go shopping. Uh, where's, uh etsy come here, etsy etsy's, etsy's down four percent as well, where the heck etsy keeps bouncing around here.

I can't find it there. It is 195., that's he's back under 200., let's go! Oh oh neo's! At 33, it's getting crushed squares at 228. Oh the market's going nuts uh. Oh, my goodness, hippo's at 442 peloton is at 83 dollars.

Oh we're getting juicy again on some of these things. Finally, finally, we're getting some money money opportunities here. Let's see here, affirm 114 pinterest 51.. Oh this is nice tattooed chef, 18 dollars, uh lemonade.

So much for september october, where's where's, the inflation data already uh come on man give us our inflation data. Oh look: very good. Food company actually moved a little bit today. Volatility index up camber energy is up tesla 801.

Let's go. Oh 7.97. Stock market is nuts, yes, nuts, okay. So anyway, uh - let's see here, cinemark oh cinemark's, up what's amc doing, then dutch bro is going back up again: amc uh, jeez man; okay, so where were we uh amc is what's amc doing here, amc sitting at uh, 37 down 2 percent, good job buying the Call options: that's awesome october 8th calls.

Oh my gosh, that's amazing, uh yeah! I bought shares and stuff. Oh okay, oh wow! Oh that moved a lot. Yeah! Look at that! Oh it's bogus! It's just stupid! That's crazy! Um! That's cray! Cray anyway! Uh! So anyway, um! Let's see what else we got here: cinemark gm4, okay, tesla, 798, united airlines uh - let's see here, delta, okay, so fi! Oh! So, if i went green today, i was waiting for sofi to go back to like 1480 would have been kind of cool. Uh would have liked that coinbase slightly coinbase barely moves with crypto prices.

Now it's like it's not good, okay, so 47.8 on bitcoin we're still just vacillating burning or um. We burned the shorts on outlet. Oh my gosh um! Well, thank you for watching my channel and hanging out with me at market open. I appreciate y'all, so um all right i'll.

Let's suspend it again! Oh my gosh anyway um xpi down 39 down to 39. okay yeah. Let's see here, okay and face and phase just you continue to be able to get deals here. Let's see here: neo, okay, hippo, 3.04, nice camber, energy, tesla, 3.31, yeah, okay, so this is all pretty stable here.

So let's go ahead and jump into some news. Let's see what we got barons, okay, so what do we got here? The dow is wavering as political pressures way get out of town. If this is why they think the stock market's fault, please just buy the freaking dip, let's see what they say. Okay, let's see it here, the stock market was wavering on monday as u.s political friction, damned investor sentiment, while trading halt or a trading called on evergrand chairs made waves in hong kong.

This is a good thing shortly. After the open, the dow jones industrial was little changed after the index rose uh and the nasdaq was down point three. A familiar set of themes, weighed on investor sentiment. Monday, analysts noted that the u.s debt ceiling deadline in december and continuing political conflict over 1 trillion over the 1 trillion infrastructure bill and 3.5 trillion reconciliation package muddled.

The waters congress has not made much progress on an agreement entering october choppy waters are likely to continue giving the given the political wrangling and debt ceiling drama. Folks by this tip like this will come to an end. You know that and when it comes to an end and uh, and this this uh uh, you know fear uncertainty and doubt goes away. Uh it'll be fine.

The market this week will be focused on u.s payrolls report, which comes from the federal reserve. That's right on friday, we get payrolls unless there is market marked deterioration across the whole sweep of the labor market. Within the report, this will likely be the catalyst to cement the november taper, borrowing, an exogenous or stock or market shock. What bar? Oh, barring? A market shock catalyst to cement the november taper right.

Oh, oh, okay, okay wow, that was the weirdest sentence. Ever basically they're saying federal reserve chairman jerome powell is going to taper. Unless this friday's job report is crap, all right, that's kind of boring come on barons, boring all right. What else is going up we're doing? Well, here uh, so lordstown archimoto, uh skills, crisper, toast, proterra and phase okay, so a little bit of a recovery here, a little bit of a bounce happening right now, uh intraday here on some of these see this bounce.

This is nice. Some bouncing here, uh neo back to 34 good, it's a little bit of a recovery. I wonder how the spy is doing tesla's almost up four percent holy moly. That's nice like this is such nonsense.

Why the stock market is down. It's such it's such garbage. I really believe that it's like who cares congress just whatever okay nakia ibm darden, all right. Let's see you guys here all right.

Let's uh, let me see what other news is, how much cash are you holding kevin uh? Well, i've just spent a lot of it. Buying the dip - i don't know, maybe um, maybe like ten percent of portfolio somewhere out there yeah anyway, something like that all right should we sell some puts on some stuff racing mccash, let's see what we got: archimoto emeryn lordstown, expi, uh moderna. Let's see here toast see, i don't want to own a lot of these. I mean exp.

I already got if exp i keeps dipping, so i had an expi option that i dumped at like 47, and that was i've got about 125k left in the expi 1250k left in the expand. But my option was was a big part portion of my expi position. So i will buy back more expi if we uh, if this keeps falling, which will be great same thing with some of the other ones. Oh yeah, i want to see how uh oh yeah see neo at 33, but i want to also see how goog's doing google whoa google's down 2.35 google's getting destroyed.

I love it uh i i would. I would i like buying the dip here. Okay, that's that's! Ooh 2.4, we're getting worse fangs getting crushed. You know, fangs started getting crushed after bloomberg, said basically called for the end of fang.

Everybody started dumping, fang and they're the ones pulling the indices down, but yeah fangs getting sold off. Now, that's a that's a move! That's unfortunate but i'm happy to buy those sorts of companies. Oh matterport, back under 18, i, like i like uh tesla 356 bobbing around, but tessa's been trending up, which is kind of nice all right. So, let's see what else we got here.

Well shorter! Okay, we talked about shortages. I made a video on that yesterday, if you have not seen that yet it's a great video uh would, i say, peak peak something i i don't know just look at my channel and see recent videos uh. Let's see here that was wavering. That was boring.

Four things: look for the jobs report, pandora papers, uh, tesla, voyager, okay, let's review it stuff, uh, uh, okay, china, evergrand stock halted pouring major transaction supply shortages. No, no, no okay, boring give me some news here. While we look for news, we'll listen to what they're complaining about here, make a speech at the csis event, where she's expected to to lay out china's shortfalls in agreements struck under the former president donald trump she's expected to meet with the chinese vice premier li who Uh pretty soon joining us now to talk is, is the volume similar like is my volume similar to to this person's? I hope so i don't know you. Let me know the the the administration believes that the chinese are not living up to their part in that bargain.

The chinese at this moment look like they're unlikely to change their positioning. So what comes from the biden administration? Next? What are they going to do in terms of dealing with this, this divergence that we're seeing great? Well, that's what we really don't know at this point, even though the u.s trade representative, catherine thai, is sort of outlining the prize administration's strategy in the speech today, she said she will speak with vice premier lyoko soon they will uh try to enforce i'm going to Pull off this, this is good. When you have fauci saying we're turning the corner on the latest covet surge uh. You know, you know a lot of people, don't like vouching i'd, say: probably 40 people do not like voucher.

You know what i want to ask you, though. Okay, this is gon na, be interesting. Do you like fauci, nothing, just fauci, you like him. I like him.

I do not like him all right. I'm gon na ask your community. Oh gosh. I can only imagine uh.

Okay, he was slightly out, thank you for that, so anyway, um um, i'm running that poll. So let me know i'm curious, i'm curious to see uh. I i yeah we'll see okay, so come on folks. What else is going on over here? Uh, so owlette is getting sold off by uh.

Look at that owlette's getting there are short sellers coming in here trying to push outlet down that's this is an interesting movement here. Uh, that's very fascinating to me that we're seeing a sell down here. I will if this falls more. If we get back, i would guess if we break 425 somewhere out here, i might buy some more.

I'm just going to put this line here. Oops, that's so weird uh! I have no basis for that, but we also we've never been at this price range. We've never been this low yeah. So there's there's really no ta.

You can do here uh. You just have to assume that um. This is going to keep getting shorted in. In investor communities, uh like institutional uh, investors and uh once this fda stuff clears this, i think will do extremely well uh.

I mean it's already up from from where we bought, but i'm interested in uh. I wonder if we can fd, i wonder how long it takes for the fda to clear this source of stuff. Let's look fda, um medical device, marketing dispute time frame all right approval process bringing a device to market. Oh, my gosh takes three to seven years.

Wow uh well, as with new drugs approval process intended uh medical devices safe and affected, bringing advice. However, there are concerns. There may not be sufficient medication uh, that's a very long time. Uh.

Okay, let's see here guidance for the fda here. Oh my gosh, okay manufacturer. What's the purpose of this, why want to know manufacturer, putting requirements, serious injury, malfunction 30 day reports? Oh my gosh, okay, understanding dispute resolution panel. This is probably what you've got here.

Okay, this is what i would be expecting here. You go continue the site, understanding the medical device dispute resolution panel. Okay, god, like is, is okay. This is you wan na you don't wan na know something.

What is the? What is apple's watch is apple watch, a medical device. That's the same thing. Apple watch is powerful. Apple went through a lot of extensive process.

Okay, why the apple? Oh! This is interesting. Why apple needed the fda to sign off on its ekg, but not its blood oxygen monitor! That's interesting. Apple watch is already a powerful health tool and now adding blood oxygen. It brings in valuable health measure.

The features on the apple watch to track a heart rate and heart rhythm, though, have a key difference from a blood oxygen bonder. The heart tracking features are cleared by the fda. The oxygen monitor is not apple, went through a long, extensive processor to develop the ekg feature, that's interesting, but it did not need to do the same thing for the pulse. Oximeter, okay, got it uh blood oxygen monitors are considered class two medical devices by the fda generally, any company that wants to sell one in the u.s has to submit documentation to the agency confirming the product works, just as well as other versions of the same product.

In the same market, there's a workaround, though, if the company says the product is just for fun or general wellness, they do not have to go through that process, but they can't claim it can diagnose or treat medical conditions, but they could still put it up for Sale, that's the route apple went down. Well, if that's the case, then that's that's what owlette should use as well, because the outlet smart sock uses - let's see here, uh, let's see here, how do they advertise it because i know they're changing their advertising a little bit now because of this fda letter, but.