Folks, i kid you not. This is the stock market that will take absolutely any bit of good news and say that's it. All that is bad is over. We are going back to the moon now.

This is, of course, a good thing. If you own stocks, it's not the greatest thing if you are wanting to buy stocks or you are wanting at cheaper prices. This is why, folks, we have been saying pretty consistently, with the exception of a few times pretty, because i would say about 80 percent of the time i say never squander a red opportunity and the reason for that is since march of 2020, the general rule of Thumb has been via the dip seems to work, and the reason it works is because this market looks for any bit of potential news to rally today we got the big merck u-turn, so this morning i kind of got ambushed by that news, because when i started My live stream. I didn't even know about that news, yet uh.

So here's the thing this uh cova treatment is actually a pretty big deal so far, uh, at least in terms of what we can see: reducing hospitalizations uh by 50, potentially completely eliminating deaths on the basis of a study of about uh 700 people, 14 hospitalizations uh. Half the uh, you know control, group, uh and and no deaths, it's pretty pretty incredible. The uh the question is, is how similar is this? Merc treatment uh a pill that you would take now after uh you or contract covid? How similar is this to something like a rem, deserver right, a rem deserver is an antibody. Remember the the monoclonal antibody cocktail that donald trump got, even though most people didn't have access to it.

Of course, donald trump got injected with multiple different monoclonal anti-body cocktails, which helped him go from a pretty dire state to fine, and you know parading around outside walter, we read with the secret service which we covered. All this live right, so um the stock market is loving. This pill, like this, this pill, in my opinion, is more than a pill for covid. It is a it's an anxiety relief pill.

It is an antidepressant, it is a please, take this red pill and let stocks go to the moon for once, and that's essentially what's happening today and again. The reason this is happening is because we are removing anxiety from the marketplace and anytime. We remove anxiety from the marketplace. First thing that happens.

Is people take their cash and plow it into the market volatility index down almost ten percent dow jones industrial up one point: six, one percent: the s p is up one point: two: five percent: the nasdaq is a point, eight five percent, and it is all because Of the little red a pill - and we are even seeing a part rotation in the market, which is interesting to pay attention to a rotation, a specific rotation that we used to only see back in 2020. That rotation has heavily been broken apart in 2021, where we haven't really seen cohesiveness amongst recovery stocks versus other stocks, but today we actually do see a cohesiveness amongst recovery, stocks, dave and buster's up nine point: one: two percent you've got united airlines up seven point: four Percent toast the payment processor for restaurants of six point: seven: one percent dutch pros six point: three: six: three percent delta of six point: five to five percent southwest five point: nine marriott: five: seven: five: american airlines, norwegian cruise lines; cheesecake you get the idea here! Yet, let's keep going just in case you don't uber 5 disney 4.27 carnival american express gap, mgm cinemark! Do you see where i'm going? Yet? All of these stocks are well over three percent today booking holdings. Does it ring a bell yet airbnb win simon property group. The one of the largest mall operators in the world anything yet its recovery stocks are rallying on this news, because it's not just about the covet delta variant in cases that we have now it's about extinguishing fear.

This pill is kind of like taking a uh a plane like a boeing 737 that puts out fires and it's loaded with foam or like that red powder or whatever they they drop into fire areas and they're, putting this down as like a preventative fire retardant. That's what this red pill is. Why? Because you still have recovery stocks freaking out over the potential, that delta is going to absolutely destroy christmas and nobody wants christmas to be destroyed. First of all, people don't want to die.

Okay, second of all, people who don't want the vaccine are like wait a minute. You is telling me if i get coven, then i can take something that's going to prevent me from dying hell. Yeah sign me up. I don't need to get the facts anymore.

That's in my opinion, literally what this pill will do for the anti-vaxx crowd, which good at least they have an option right, but it will also help the broader market. Go wait a minute this. This right here is going to be the solution for making sure delta is not santa claus this year or the grinch. I should say: that's better, the grinch okay, we don't want to grinch this year, so uh this is uh.

This is actually very good news. Obviously, we need fda approval for this thing things in phase 3 trials. I would imagine fda approvals would be expedited and they'll probably be many cases of compassionate use as well, which compassionate use is essentially the opportunity to provide folks medication when they are essentially very likely to die from covid, and they can take something. That's not technically approved.

Yet because they would probably die otherwise, so this is good, the other thing, and you cannot you can't. I don't want to say this uh. You can't overstate how important this is. Uh.

The pill is only necessary for people who actually got sick. That's even better! You don't have to vaccinate everyone. You don't have to give the red pill to everyone. Red pill is not a vaccine.

You don't have to give it to everyone, it's just hey. Whoever gets sick. We get a little red pill for you in case you're wondering why the 10-year treasuries are falling. Yields are falling in case you're wondering why recovery stocks are going up, uh and what's crazy, is you've even got some some uh other things going up here as well.

Uh, like crypto crypto, is loving. This news absolutely loving this news, so you got the miners going up. You got um up work up, which is totally a stay-at-home stock. What what this pill is doing is more than just pumping up recovery stocks.

It is saying to the market folks fear not. We are going to get through this we're in 2021 and we can defeat the challenges we face. Evergrand is not going to be a big deal. That's that's what the market's trying to starting to think right now.

Okay, now i'm not making that guarantee, i think evergreen is something we absolutely have to pay attention to, but i have said in many many videos on this channel. I don't think that ever grant is going to be a big deal. I think the fear of ever grant is going to be more bad uh and the fear of evergreen has led to this crypto disaster that we've seen uh and and i suppose, by crypto disaster. You know when you zoom out it's not that big of a deal but uh, but we know that that's how crypto works, but anyway we went from.

You know this beautiful rally of like 53 000 to uh to essentially down to almost to our support line here. At just under forty two thousand dollars, uh and and broad-based sell-off in cryptocurrencies, i actually sold my crypto just to rebuy it lower because i'm like yo this evergreen stuff's gon na be a disaster. Duh, it kind of was the fear of it was, but that was the point. This is why, as soon as the fear of that hit an inflection point where it's like, okay, this fear is going away the last three days, not today, i've been buying the dip.

Like crazy and i've been buying the dip like crazy, because i realized that fear is mostly overblown that our fears might be level 100 when reality is like level 10 bad, that's, usually how it is now uh, even folks that was even true in the great recession In the great recession, fear was so mega. Freaking high people are like this was one of the first places i learned. What not to do is like at the bottom of the market. My dad's, like, oh, my 401ks, god, the hell.

That's it sell everything. It's like that. You just paper handed your retirement - oh man, um anyway, so uh look. Sometimes you you look at what not to do right, but anyway, this is a beautiful, beautiful thing for markets.

It's a beautiful thing. Uh for for uh people, it's a beautiful thing for humanity. It restores a lot of faith uh in in medicine that i think all of us should have, because i think a lot of faith has been lost. You know uh uh, you know what do they call? It, mr the fouchy jab, you know people don't want to get the fouchy vaccine or whatever you know like there's been so much.

It's so nice that now it's like hey, okay, you guys fight about the vax. In the meantime, let's prevent people from dying over here with this pill. That's wonderful! Now i still encourage vaccinations, but i also believe in individuals, uh right to choose uh and uh hey. Look this this pill is such a wonderful, wonderful as long as it ends up getting approved, a wonderful, wonderful, uh, backup, choice, uh and i love it.

I really love it and i believe that uh this moment today, uh over and starting well continuing over the next two weeks uh. Let me rephrase that continuing over the next two weeks, we still have uncertainties left in the market. Okay: let's make this extremely crystal f and clear: okay, you still have a debt ceiling crisis coming up on uh october 18th. Now between you and me, it's a bunch of bull crap, like the u.s government, ain't gon na default, like i think the odds of that are like one percent.

Okay, i think it's not going to happen, so don't worry about it. In my opinion, okay, my opinion. It's not a big freaking deal. It's going to get handled, uh, okay, so then you've got the infrastructure package, we're going to get something very likely between one and a half, probably closer to like two and a half uh to three trillion dollars.

My guess uh and - and i expect that all to be done by october 15th, but guess what else i expect to be done by october 15th. I expect inflation numbers to come in inflecting to the downside. Finally, now a little bit, it's not going to be like a a huge drop, but we're going to see that curve is my expectation that curve is going to be, in my opinion, well received by the market. I'm hopeful that the jobs data comes in moderately strong.

We don't want it to be super weak, although super weak could lead to more tapering, but then you also get a sell-off, because then people wonder, is the economy fundamentally weakening too much? I don't really buy the argument that the economy is fundamentally weakening. I think the economy is slapped in the face and anchored uh by it's kind of like this anchor that you're dragging around and it reaches around and slaps you in the face. It's like supply chains freight. I just want to mess with china.

You know like, like it's it's stupid, the fears that we have in this market right now, if you think about it, are utterly stupid. So china pulled the rug on property developers and u-turned on the amount of debt that they want companies to have just like that, because they felt like it despite the fact that they were encouraging people to take and companies to take on so much debt to build Housing because they needed housing now they realize wow. We have too much housing and too much debt. Well, let's make the greedy corporations pay for our stupid encouragements.

You know like these. These, in my opinion, are, are not uh like crisis mode scenarios that we face here. I'm not devastated by uh the outlook that we face. The stagflation arguments that i've seen are absolute stupid, absolutely stupid, uh, almost all the fear-mongering youtube channels that i see end up spewing.

I shouldn't say almost all because i don't want to make that implication, because i don't watch almost all of them. I rarely watch the other channels uh, but uh. For example, somebody sent me a video the other day and they're like kevin kevin this evergrand crisis. Oh my gosh blackrock and fidelity they're gon na collapse.

They have a quarter of all their assets, exposed to chinese real estate and and oh my gosh they're. Those are like four and nine trillion. Dollar funds we're screwed and i'm like bro dog. The person who made the video was referring to an article that referred to a specific bond within these four to nine trillion dollar funds.

Those funds themselves are only like two to four billion dollar assets which compared to the fund is, is a fraction of a tenth of one percent uh, and of that junk bond fund to 25 is exposed to chinese real estate. Why? Because interest rates are higher there because it's a risk and it's garbage there's a reason why junk bonds are called junk bonds. It's because when people invest in high-yield stuff and they get burned, the the institutional investors or the investors who who invest in like quality companies and aaa rated debt, are like uh yeah. That's why i don't go there.

You know so look me, i'm happy uh. I i don't love buying a run-up, so i haven't bought anything on this run-up i've been buying the dip. I've been saying it day after day after day after day, i'm very very happy about that uh. Now, let's go ahead and hop back on over to what the heck is going on, uh on a minute-by-minute chart right after i mentioned that uh, if you like this presentation so far make sure to hit that subscribe.

Button tell me like that. That's your best way to tell me and get yourself up to seventy dollars with public.com by going to medcabin.com public sign up and get yourself up to seventy dollars of a free stock uh, it could be a partial share of tesla partial share of apple check. It out mckevin.com public.