So we have some new shocking details revealed about the judge that just ruled against Elon Musk in Delaware If you recall, about 24 hours ago, a judge in the Delaware Court ruled cancelling Elon Musk's $ 55 billion package. Now we're not talking about that package. although that might be worth $55 billion at this point. we're talking about the payment plan.

the compensation plan that was approved by 80% of Tesla's entire shareholders. She canceled it and in fact she's the same judge that cancelled Elon Musk ability to not buy Twitter if you recall Elon Musk had called feet second thoughts whatever you call it, he didn't want to buy Twitter and for good reasons. But that same judge Kathleen McCormick ruled against him in the Twitter case as well, forcing him to buy Twitter now known as X. Now it doesn't matter that X became a great platform and all that stuff.

What matters is that this woman is 2 and 0 against El And that's not even the shocking details. The shocking details is this: this lady was actually a partner for a law firm called Young Conoy. Now I Know it sounds like a boy band, but it's actually a very Prestige law firm and while she was a partner at that law firm, what happened is this: Law Firm was one of the biggest donors to the Biden campaign. Not to mention that they were actually very tight with congressman John Carney a very, very close friend of Biden and the guy who appointed or nominated Kathleen McCormack to the judge position in the Court.

In fact, in the March 2018 email from H Biden he literally said and I'm reading verbatim I will bring the suit to the Chan Court in Delaware which as you know is my home state and I'm privileged to have worked with and know every judge on The Chance Record he was threatening people with the lawsuit because he's basically saying look I got this court now I Don't know if this is political, if this apolitical, if it's just a crazy coincidence, if it's a Witch Hunt against El you be the judge, Get it? You be the judge. Not funny. Okay, let's move on. and now let's move on to the Daily MVP sponsored by stock MVP Your tool for stock market research for the long-term retail investor.

Now look in today's daily: MVP I Have to give a huge shout out to Elan Musk. I Know I know we just talked about him, but look the way he responded to what happened in the Delaware Chan court is absolutely brilliant. Once we heard about this Uber communist ruling essentially saying that his compensation was unfair and even though was approved by 80% of the entire shareholders of the company, it was cancelled by Kathleen McCormack What he's done wasn't complain, wasn't cry about it, was not to get mad about it. When people hate on you, your natural instinct is to fight back is to get bitter is to get angry.

But certain people that 1% they do not get bitter they get better. And the way El Musk reacted to this story was absolutely mind-blowing What he told everybody yesterday, he's not going to appeal this. He's not going to fight this. He's not going to make a big mess out of this.

Instead, he's going to reincorporate Tesla in Texas and get a fair trial if needed. Simple, problem solved. No problem. You want to be communist? Go right ahead and Elon Musk and Tesla will not be the only ones leaving.

Delaware After ruling like this, many other companies will probably follow Elon Musk to Texas and other states as they should. and now let's move on to something that's not Tesla or Elon Musk I know. Shocking right. let's talk about what happened yesterday.

So yesterday drum pal actually took the stage and he started talking about rate cuts. That was the first time we heard the FED admit acknowledge recognize the idea of rate cuts and he actually said rate Cuts in 2024 are possible and the market loved it. But then instead of running away quickly Powell decided to take some questions and that is where all the wheels came off and this whole thing crashed like grandpa in the 1986 Christmas party. Now look the questions part I actually got piled to admit there's not going to be a rate cut in March now I Don't know why a lot of people hope for for that I don't know why some of the market priced that.

as a possibility I've always said that there's three rate coming and they're probably coming in the second half of 2024, but nevertheless, the market did not appreciate Biden actually saying the rate cut isn't going to happen in March And then every single stock went to the toilet and that ended in a very, very bad day. Now what do I think about Pal's talk? What do I think about the policy and where do I think this thing is going now? look pile. Overall is very cautious and I totally understand why in the 70s they had inflation under control. They loosened up a little bit too quickly and then we had Paul vuler going to 20% interest to control what happened with inflation.

It came back with the Vengeance He doesn't want a replay of that. he doesn't want his name on the guy who came before Vulker kind of style. I Totally understand this, especially if the econom is doing good. GDP Growth is absolutely insane and there's no unemployment.

The market is steady, the market is good. Why rush it? Be cautious I Totally understand it. The risk management aspect of it makes perfect sense I think it was a good decision and I think it also shows us that the First Rate cut is probably going to come in May or June this year and this is where the FED will start to loosen up a little bit now. One person that really loved what happened yesterday was Jeffrey Gunlock.

He was saying that he's actually nervous about people talking about the Goldilock scenario about March rate cuts and how euphoric it's all going to be and he basically said look, when you have this group thing about this beautiful Kumbaya around the campfire, it's usually where I get freaked out the most. It's kind of the equivalent of Warren Buffett saying look when everybody's bullish and bearish So gun like I was saying look when everybody was celebrating that it's over and that rate cuts are coming in March I was basically saying why and he still expects a recession in 2024 which is actually on the other side of the Spcr right now from what is the consensus and he said look, I'm preparing cash on the sideline because I think the stock market is going to go down and I'm going to buy a lot of cheap companies Because of You Bozos who are absolutely euphoric for no Reon reason about the stock market and you will buy it at the high and then I'll buy it off you at the bottom. Now look I Don't know if Jeffrey Gunlock is right or wrong, but let's talk about it. Let's look at how stocks behave after the First Rate cut of the FED a research that was published just actually checked that point exactly what the stock market does historically statistically after the First Rate cut, following a restrictive monetary policy and according to that research, Jeffrey Gunlock isn't in the good spot right now, because statistically speaking, the Dow and the S&P 500 do about 50% in the year that follows the First Rate cut following a long period of restrictive policy, which means that it's going to be about 50% above the normal S&P 500 good year.

Now, if you actually break it down into two pieces here, What It becomes more interesting if the recession is actually something that follows the rate cuts, which may happen In fact, it happened before because usually the Fed starts to cut rates when things get bad, so there's a good chance a recession follows. If that happens, the stock market does about 10% in the following year, but if there's no recession that follows the rate cut, which means If the Fed cuts on time before a recession is on the rise, then the stock market does 24% in the following year. So no matter how you spin it statistically, historically, we're between 10% and 24% following the Fed rate cut for the first time. Does it mean that it's a good indicator about what happens in the future? Hell no.

There's no way to indicate a future based on previous statistics historical data. Don't even think about that. but that's a good lesson to show you how the markets behave in the past. Of course, this might be an outlier year when everything goes crazy, so don't bet on it.

Of course, stay the long term. DCA You know the strategy. I'm not going to repeat myself a million times now. Let's talk about earnings.

We had Google and Microsoft come out with good earnings, but they couldn't stop on pal from flushing the entire Market to the toilet. We've seen that happen. Now if you look at the numbers, Google and Microsoft had good earnings, especially if you focus on the cloud numbers. Absolutely insane.

It's always going to be bumpy lumpy. I Get it. But as long-term investors think about 2027, think about 2028. Now would you take a bet for me that Microsoft is not going to be a $4 trillion Company by 2027.

I Don't think you take that bad. And these stocks are exactly the sort of stocks you want to have in your portfolio for the long term. Now with Apple, Amazon and Meta, it's very, very simple. One sentence for each Apple: great products.

The rumors of the death of the iPhone were premature and the services is a huge scurve for Apple in the coming 10 years. And what about Amazon Three letters A WS The building blocks of the entire new generation of companies is on Amazon And what about Meta? And they had a little fling with the Metaverse and I've seen the work that they've put out. It's actually not bad at all, but they're better. Butter will continue to be Services Their revenue is coming up.

They will still be a cash machine for a long, long time. so I wouldn't bet against that as well. Longterm: Everything is said here is longterm and as always, make sure you check out stock MVP Stock Dmv.com A platform I've built for retail investors to research stock for themselves not listen to M Media or me. Also, check out our Patreon and our Academy Patreon.com Nash If you want to learn how to become a better investor, see you next video.