Hey everyone welcome back to another market, closing, live stream, so very incredible moves here in cryptocurrencies and they're, leading to a lot of questions of oh, like is this: is this the time to go all in on crypto, because, quite frankly, we've we've come off some pretty Incredible bottoms with crypto, i mean solano solano rather was sitting at like 80 bucks right cardano was sitting at a buck. I mean we went. We went to zero on the fibonacci retracement for cardano. I i mean the the level of oversold was disgusting on on.

So many different cryptocurrencies, uh and really one of the things that i think is very beautiful about what's happened - is that we've really created somewhat of a test of a bottom uh. Let me show you just, for example, this is the fibonacci retracement here on cardano, and i mean this is almost perfect and what's incredible about this, if you've been following this channel for a while, you know - and this is the same kind of technical analysis - that i Teach in the stocks and psychology of money group with the v-day coupon code link down below, but we've we've been watching this fibonacci retracement play out and we've had this. This set drawn here for quite a while and we've literally been watching crypto fall to each and sec, each and every other successive new low here, uh and and really huddle at some of these floors, uh only of course, to either break through or now. Finally, rebound off, and so now we're finally seeing a little bit of a rebound here, we've got a little bit of a pit stop on the fibonacci retracement of cardano, and that is right here at about 120, which is kind of where we're getting rejected right now.

But i'll tell you this is. We are having a nice phenomenal little rally here on kryptos, and it's leading a lot of folks to wonder. Hey, like is now the time potentially to buy in is this? Are we going back? Are we going to 100k? Now? Is this the time to to uh to you know, get on the ride? Maybe maybe you missed from 36, where we've been sitting forever and and 44 and and the question is hey - that's only uh uh, you know eight thousand uh dollars. Uh per coin - maybe maybe now's the time to be part of the run for the next uh 10 to 20.

and uh. It makes sense uh. You know when we start seeing these moves off the bottoms like kind of what we were hoping to start seeing in small caps, but haven't really started, seeing which i'll explain, potentially a reason for that uh. It does create a lot of that that hopium, that oh, my gosh, this is it now is the time to to get in off bottom and and what it really comes down to is your belief in have macro factors, change, uh and uh, and what kind of Investor are you if you're an investor who's more interested in uh, buy huddle by the dip? Occasionally when you get paid and just hold and forget about trying to macro time the market which i would say for 90 plus percent of people, is the correct decision.

Just add a little bit if you can get a good price on a dip and it rebounds great if you, if it falls more, it doesn't matter because you're just buy haul. It's not like you're making these these all in all out moves. Then it doesn't so much matter, but uh yeah in terms of macro changes. Nothing.

Nothing has really changed from the macro environment. If anything expectations are are more so that we we should expect an ugly print for cpi this week. Uh crypto has not proven itself to be an inflation, hedge and uh that the same risks that were present last week are still present now. So why are we seeing a move towards risk assets? Well, we're seeing this not just in crypto but we're seeing it more broadly across the entire world, you're, seeing it in other stock markets as well, where some of the more riskier assets are getting pumps right now or getting boosts right now it doesn't take away the Macro economic uncertainties we we face and potentially where we are in the cycle, but if you're not making a bet on the cycle, maybe this is the opportunity to look for uh evidence that that this could be a sustaining balance.

Now i do specifically want to go back to cardano here because take a look at this. We've seen these sorts of rallies before right, we've we've uh what what do we always say: uh, we've we've uh gosh. What's the saying, like yeah we've seen this we've heard the song before, i don't know, we've seen this movie before something to that effect right and what we have is this, this regular environment, where we see we do get these incredible rallies where we, you know, we Can get these six seven percent days of multiple days in a row uh here on cardona? We saw that around in november. We saw it here at the end of december, when we briefly thought that's it.

The santa claus rally is finally here uh only for it to sell down further, and then we saw the same rally here about the second week of uh of january and we only got rejected again. Uh got rejected at the 23.6 line, so these sorts of rallies are very, very common. I actually prefer the smaller rallies like when we get this like. I get more nervous when we get these these huge 50 up and 50 down like what we saw on snapchat.

Essentially, right that makes me more nervous because to me that's more that sort of volatility and that sort of insane emotion is more of a an indicator of a bear market than when we have steady any kind of growth. So if we can get this to just take its time and be patient i'd, much rather see a recovery on something like cardano, that's much more uh. That has a much flatter slope than something that's just parabolic tomorrow. I don't think that's healthy and lasting and unfortunately that's a little bit of what we've seen here at btc, which i hate to say, but it has the tendency to make these sorts of moves.

You can see generally when btc breaks out of a consolidation period. It has sharp moves and it could continue to move sharply to high levels. I mean look at how many times we bumped over here from july to all-time highs over here. In november i mean it was just aggressive, rips periods of consolidation, followed by rips that doesn't necessarily, let's turn that on so it doesn't necessarily mean it's going to hold.

I mean obviously, we knew what happened to btc prices thereafter, but it's very nice to see that we're finally breaking out of this uh this this region here for me, something that i really want to pay attention to uh. Well, i i you all know i'm on the macro side, so uh, for none of this makes any difference from the broader portion of my portfolio from the macro picture. Because of well. You all know what my beliefs are regarding macro right now, but uh.

If, if we look at this more from a trade point of view, personally, i would be looking for some form of confirmation - bounce around 45, 7 and 46 8.. In my opinion, if we can get some kind of confirmation bounces here where what i'm going to show you what i'm looking for something like this see, this look at that. You see this breakout right here, so we've got a line here at 37.6. We know this.

One very well: we had a beautiful breakout over here in july. Look at this. You come back down for the confirmation bounce boom. This is where you want to buy no guarantees, but just sort of basic ta will tell you.

This is generally where you buy and again basic ta. One of the reasons i like basic ta not over complicating things is because the more people know basic ta, the the more it becomes a self-fulfilling prophecy and the more the lines work uh it. You know it's kind of like. Let me see what the spy is doing today, because i'm pretty sure the spy nearly bounced off of our 450 twice it pretty much did yeah.

Look at that 450 continues to be a quite quite the bounce point here. You could see that hesitation when we get close to 450., see that hesitation right here uh. It almost looks like it was the 451 line today, but doesn't matter my line's actually drawn right at it's, not exactly at 450. It's at what is this 450 67., and so you get this hesitation close to it or or the pullback when we break just above it briefly, and you generally don't want to get a confirmation off of one minute either.

Honestly, you'd probably want to get more like a 30 minute full break, and we haven't seen that we haven't seen a 30 minute full break until over here. But what's crazy is if just again simple ta, we never confirmed on the 30 minute chart uh here on the the s, p, 500 or spy rather, and so when we got rejected, we we fell back down to the lower uh levels here, but anyway, so uh Yeah btc is is exciting. I do want to mention that today's video is brought to you by streamyard. So if you're curious, how i can throw things up like this, somebody here donated five dollars from matterport technical analysis, we're glad to talk about matterport in a moment.

Uh, you know you could do that as well. If you're streaming and you're looking to multi-stream with twitch twitter facebook youtube, you could do that just go to medkevin.com streamyard check it out if you've never heard of streamyard click. The link down below check it out just explore and see what stream yard is like it's something really everybody should have in their arsenal. I personally use it more than i use zoom like even when i do private meetings uh so check it out by the way.

Today, uh we'll be having a uh. What's it called uh uh peter schiff uh peter schiff interview, that's tentatively, scheduled for 2 p.m, california time so in about an hour 15 minutes uh. I don't expect there to be any issues, but you never know so uh today, by the way we do also have earnings after the close, we're gon na have chegg at 405, take two interactive 405 amgen at four simon property group at 4, 10.. I'm quite interested and uh in these things, uh also by the way, still still putting together some some epic plans, we're uncertain exactly uh, which direction yet and that's why we haven't mentioned anything yet.

But some incredible things are coming together and if you want to be part of those incredible things or you want to be in the know, it costs you nothing to be in the know: go to medkevin.com cash flow, throw your info in there medkevin.com, cashflow and uh. Then then, you get to know uh what it is. So if you're a lover, uh sign up if you're a hater sign up and then that way, you'll be the first to know what to hate on next uh and it's not like a mailing list either. It's it's um, it's just when i mean it is a mailing list, but it's not like there's like a newsletter.

That's going to constantly bother you there's none of that, but anyway i do want to spend just a little bit more time here on the ta discussion. So a lot of folks again are asking me kevin. When is it time to go all in here on btc or whatever? For me from a technical point of view, i'm i'm waiting for a confirmation, bounce from and and we have not had that yet we could. We've again, we've seen this movie before we've seen how these movies play out.

This is this, is i mean you just scroll back in the chart? Uh and without honestly a i mean if we had a tech like a real tech rally right now, which we don't uh. You know we, we started having a tech rally this morning, but now qqq's down uh. What are we down here? Three quarters of a percent look at this garbage. Look at that sell-off into the clothes you know, which is not uncommon.

It was less. It's been less common. The last couple weeks was very, very common during december and in january, very, very common to have the sell-off into the close uh. You know once we hit these higher prices and people take and take advantage of the opportunity to get to either break even out, take profits or whatever, but they close positions and they get out.

You just see this a lot, but anyway, so uh qqq, here down a three quarters of a percent uh arc, was up like four percent earlier today. Look at this i mean it's just it's! It's uh, look at this. This rally just gets sold off, and - and that is something that does make me nervous - that you you're probably going to see something similar to this on crypto. Now i i i don't want to sound like a crypto bear.

I love it uh and i love blockchain technology. I i i just can't help myself in the short term, i'm not very happy uh, i'm very, very sad and jerome powell continues to invade my dreams. I kid you not. This is probably the most toxic dream ever is: is dreaming about drone powell and inflation like it is i wake up at like two or three in the middle of night? It's it's so terrible.

I just i feel miserable about it um, but it's it's really hard. It's really hard to like not be all in right, because i'm always all in uh. So it's it's not easy! Uh anyway enough about me moping, let's uh, i do want to look at shebe here a little bit. That's what i wanted to do yeah! So, let's go down to the 30 minute here! Ha ha interesting, very interesting; okay, so we're geez man, okay, hold on! So, look at your sheep, okay, here's your fibonacci retracement on shebe, same thing: i teach in in the stocks psychology money group v day, coupon code down below the same nonsense.

Here is what we followed with sheep. We didn't actually break below the fibonacci, though, and we really really sat on the shelf right over here i mean i may as well draw a line right here. This would actually be a perfect spot to draw a line, let's go ahead and do that, i'm going to draw it a little bit weaker. So i can differentiate it a little bit from my uh fib here, but it looks like i'm drawing this at about 2009 and we're going to just make this a little weaker line there.

There we go just so we keep this reference point handy, and so what i'm really looking for is is a bounce off of the zero percent line, which is honestly terrible when, when you're looking at the zero percent line on a fib, but it's it's been - it's Been a rough ride, so uh yeah, okay. So this i. I cannot say that this was enough of a conviction, bounce right here to test the support line that this is pathetic. I would not have enough conviction in this to say that this is going to say we're going to be able to hold the 0 line uh.

I i probably would want to be almost on the day chart on this. I don't think we're going to get a day chart bounce on this, but i'm not going to trust this. This 30 minute right here, uh right now we're getting a little bit of a drawdown, but it's okay. We hit 35.

uh. So we'll see what happens here. This is uh. This is a far cry from obviously where we had been er.

You know up up the the fib chain here, but that's okay, we'll see what happens and hopefully, hopefully we do get to have more solid support there. At the zero percent line. Uh one other i did want to do was soul as well. So let me get solano usd type that in here there we go.

Yeah look at this same thing, so, unfortunately, i drew the fibonacci upside down on this one, but it's kind of been working yeah, but that's okay, so uh very similar to sheep here where, where we're still trying to get i'm gon na flip this after the stream, It bothers me uh we're still trying to get a confirmation bounce over here and we did. It does seem like this 86, it's hard to even draw a line over here. There's just no consistency here right here i mean we got a couple touches. Not no! You really got nothing.

Nothing consistent here, probably have to go down to the hour chart to see it see a little bit more of a support here. It's almost like a little parabola over here, anywho, so uh. Those are some of my thoughts on crypto right now and so hopefully that that kind of ta helps you but the problem with with translating t8. You have to be careful about this.

You can't translate it to everything like i don't think we can really stand to do much ta on matterport right now. The rationale is that matterport is is going to continue to be a okay small caps. So it's a small cap risk asset and the issue with small cap risk assets is that their cost to borrow can can frequently be uh, can frequently explode in in difficult markets. So what happens is uh junk level debt or riskier debt becomes substantially more expensive, especially in a tightening environment, where money is a little harder to come by still plenty of it around uh and you have uh, you you're, a small cap that has high short.

You know these companies they're not going to have the best opportunity to borrow uh at at pristine rates. Right, and this is why apple and google - you know tesla these. These companies are phenomenal because they have, if much more capacity, to borrow it at cheap rates, and so that's where i think ta is not really going to. You can't ta your way out of a bear market with small caps, and so unfortunately, as much as i hope that we hold some of the levels over here, i i can't i can't say with confidence that we will unfortunately we're essentially near all-time lows here on Matterport, which is terrible because i think it's a wonderful company, it's just the macro environment - is killing these things.

Uh, it's it's not it's not you! It's not the company, it's the macro economic cycle. It's just screw you right now. You know i mean look at robinhood. Come on man uh, you know it's.

It starts rallying a little bit now it's down nine percent on what you know. Uh look at square. I mean it just can't catch a break down. Another six point, two percent on what just because people are tired of it.

I don't know facebook down again five point: three percent come on man, it's like where's, the bottom. I you can't ta your way out of this. It's it's just! It's just garbage, maybe there's a chance that autodesk will buy matterport. That would be brilliant, honestly uh.

That would actually be very smart for autodesk uh. They have a 52 billion dollar market cap matt reports gosh. At this point. It's got to be like a billion, i'm sorry yeah.

Oh it's two! It's two billion yeah, oh wow, okay, yeah yeah! You know, i don't think, that's a terrible idea. Honestly. The amount of data autodesk would get. Oh, my gosh.

The data alone is probably worth more than two billion dollars. Think about the amount of data matterport has oh, oh, so good uh. The problem is, if matter look if matterport were still private, i think there'd be a higher likelihood that they would get acquired, because i think their valuation would be substantially lower in the private market. You know when you spat the valuation gets pumped up a little bit.

I hate spax, i think honestly, everybody started hating specs, so i'm probably preaching to the choir on that one. But oh well. What happened to make carnival cruise lines go up. 7.5.

That's not normal that i'm going to look at like facebook getting beat up and square getting beat up. I'm not surprised, that's just the that's the flavor of the day. You know it's. It's um, the special of the day at the restaurant.

You know i personally am very jaded and i never get the special of the day at the restaurants, because i have this very evil and jaded these thesis that oh man, this computer, is burning up hold on a second which, on the fan on i had this Very evil and jaded thesis that the reason certain food is uh. The special of the day is because the food's going bad and the chef needs to sell it. It's kind of like when lauren's, like hey kevin. You really need to eat the shrimp today because it's going bad.

Otherwise, it's like! Oh okay. I guess i'll have shrimp for lunch today. You know it's like. If you're a restaurant, you really going to tell your customers, hey the shrimp's going bad.

You know, we'd love! It if you'd order the shrimp dude, nobody would freaking buy it on the other. On the flip side, today, uh shrimp has the special of the day prepared special by a chef, highly recommend. It come on man, it's all freaking sales pitch. I tell you sometimes i'm too jaded.

Sometimes i'm not jaded enough, but i don't know, that's that's. I don't believe specials today, uh waiter, you want the special of the day kevin. No, i can't because of the macro, you know, stop it all right. Let me see.

What's going on with carnival cruise lines, uh all right! That's that's! It's quite odd carnival, dude, nothing, nothing! Recent whale trades! That's it uh! Yeah! I literally see nothing. It's just it's! It's just pure hedge fund speculation. At this point, that's sad. It's all right! Okay, uh ooh european credit default swaps.

Oh boy, do i love seeing titles talking about credit default swaps? Not european corporate bonds may be at greater risk from the hawkish central bank shift than their u.s counterpart. That's the signal from one of the key measures of risk of credit default swaps: wow dude. I never want to hear about credit default swaps. Again.

Euro volatility stays elevated after lingard, oh yeah legard tried coming out and like calming things down like. Oh, don't worry, don't worry, we're gon na go back to two percent inflation and the market's just like good joke it's bad. Eventually, we will don't get me wrong, but at this point i think people have lost a little faith in christine, which remember i had to flip because of j-pal uh. You know when they flipped on us.

I had to flip so people like oh kevin, you flipped. No j-power did: why do you think he's living rent-free in my brain, i'm so tired of it, it's very exhausting all right. So, let's look at. We got three minutes to go before the close here.

I do want to see how things are performing going into earnings here: okay, so here's our spy nice sell-off, my gosh uh nice just end of the day disaster yeah. We are at lowe's of the day right now in the spy down half a percent er piton. It's been a little volatile spirit, airlines, okay, tyson's, holding up carnival for whatever reason toast, okay, okay. So some of these things holding up a little bit of a little bit of pain here, just a slight bit on uh cardano wow.

Are you kidding me? Look at that tell me this is not some like institutional trading. This is bullcrap, that's what that is. How does cloudflare go from from you know, 103 at open to 115 to 107. come on man.

These people are raking retail over the coals, so you got ta be careful. This is one of the dangers of trading right now. Is you you let let's say you hopped in the position here because you're like i see the trend, i see the momentum i'll hop in the position here. You would have been the king for about two hours, but now you'd be low, you'd be at a loss, and i mean generally, we want to close our trades like on this half, not this half, but sometimes we get the rallies into the close, but not not Worth betting on that or bet on the early momentum and take your attendees home uh, which we'll be doing more trading this week and i'll, be sending the alerts and stocks and psych we might open positions on the opening lives.

I i haven't decided exactly what i want to do yet, but i'll figure it out. Look at a firm. It's just that's another example. What is this? Oh, this is dwack.

This is dwack on the one minute. What happened look at look. I tell me this is not like an institution just pulling the trigger. You know, that's dwack, here's a firm low end of the day only at point two, two dude.

This thing was up like eight percent earlier today. This is, these are characteristic nasty moves of a uh of of a bear market, so uh yeah. I actually filmed my lucid video today, folks today, i know, and i just have to edit it together and since i don't have an editor, because i can't freaking find one who wants to live here and be an editor. I need an editor if you want to be an editor, please and you're willing to relocate to ventura.

California, do do not email me if you don't want to relocate. I don't want to do remote and i also don't want to get the emails of people going like. Oh but kevin. Why don't you just try remote? I don't blame you.

I blame me. I'm too lazy. Okay, if you're not here staring at my face, i'm just gon na not do anything so anyway, if you are an editor and you're looking to relocate to ventura california email me at kevin mekevin.com. I just need one, but at this point i don't mind getting two all right: let's listen to the belt.

Oh mr rita is all alone over there. All right wow, the dow is basically zero. Uh. Look at that unchanged! Oh my gosh! It almost had the blue closing that's crazy.

We rarely see that uh s p recovered a tiny little bit. There point three, seven down nasdaq point: five, eight down! That's crazy! It was up like one percent earlier russell up 0.51. So now we have earnings lots of earnings coming up, uh. First earnings we have our take two interactive, followed by chag.

We've got amgen coming up, we've got simon property group. Coming up. This should be fun, i mean not not. We don't have like megas here.

Let's see i'm jen there, we go all right here. We go amgen and simon yeah. Those are going to be probably be the four simon. I want to know what simon's saying about retail i'm bullish actually on simon, no like i'm, not gon na, buy them right, but i would not be surprised if they they end up doing decently.

Uh, because i do think people have been spending more money at the beginning of the year, if i, if they say something bad though it's gon na be bad for the broader market, so i wan na hear what they have to say. You know you might think like who cares simon property? What do i care? I'm not invested in them? No, no! No! No yeah! That is a tell for the entire market. Okay, so i got ta put check up hold on one sec. I got a little take two okay, none of them are out yet that's fine! Uh, oh and i got ta look at what tesla did today, i'm always addicted to doing looking at what tesla it's bad.

You know. Looking at the okay amgen's out i'll complain. Oh amgen beats 436 adjusted eps versus 407., that is a beat. They had net revenue, no net of 1.9 billion revenue of 6.8.

That's a good eps beat, but it says revenue misses targets, but the eps beat so top line missed, but bottom line actually b amgen. Let's see how they're doing uh i mean the candlestick looks nice. I can't really tell oh no, that looks very nice, 223 to 229. That's what four or five percent or something like that there.

It is okay, 3.26 percent. Now the candle, i think, looks a little bizarre. I don't i don't there we go. I guess that's a little better! Oh look at a firm pop, a little bit here into the clothes.

I wonder if that's when, when simon reports, if we're going to see a little bit of a move over here on uh on this, we'll see, okay, who else is reporting i'll get some more numbers here check take two have not yet amgen. We saw amgen jumps. Three percent uh: okay, the sales target was six point, eight eight billion and they came in at six point. Eight oh come on man whatever that is so close.

Now good good for amgen. You know: amgen's. Actually, uh got a big facility out here in uh thousand oaks and newbury park, which is close to where i live and uh yeah. A lot of people have moved to remote work.

You know i was talking to some dentists in the area and they're like um. We've lost a lot of clients because the amgen people are just moving and working remotely. It's like well remember what we say. Folks gavin newsom is the biggest gift to u-haul.

All right, that's pretty mean, but honestly the i was going to say a worse word, but the loser deserves it all right anyway. So waiting for chegg take two and simon. I actually do have some of my campaign crew still here, but not editors. I was doing most of the a lot of the editing honestly uh for for uh.

You know regular content. We did have some folks that that helped with editing, which was nice but anyway. So let me while we wait here. Let me see what other news there is quickly while we wait stocks decline amid midday sell-off, jp morgan sees u.s corporate debt, drawing more foreign buyers, yeah that makes sense.

Uh metaverse etf price battle starts early, whatever irs to end the use of facial recognition to access tax accounts. Oh so didn't even know they were doing that still waiting for earnings on those three by the way and okay treasuries fell with the 10 year wow folks. The 10 years now at 1.94, okay check check, beats uh net revenue coming in at 207.5 estimate 195, that is a beat on check. Take two comes in with oh missed, forecast, uh and a miss on revenue 866 on uh revenue versus 870 expected that's a miss on revenue.

That's a miss on forecast by a lot uh midpoint at about 2 30. I'm sorry, 830 million. The estimate was for 918. That's a miss uh eps big, miss, oh, my gosh.

They were expecting a dollar fifteen and they come in at uh. Wait hold on no that's their forecast, eps! Oh the forecast, eps terrible. So the forecasted eps is a dollar fifteen they're. Now, projecting a midpoint of about 84 cents, their current eps actually beat current epsb, so q3 beat on eps with 132 versus a 112 expected, but miss on top line uh by a little bit, and the forecast is what's devastating on this, though, that it's it's a Probably a good ten percent haircut on forecast for take two interactive, no other details.

Yet on chegg, simon property group comes in with eps of 153 uh. This is a free cat. What is this uh? This looks like it might no hold on here forecast. Now we have a miss on the forecast, they are projecting a midpoint of 1160 in eps.

The goal was for 1181, so that's a miss for forecast for q1. That's not what i wanted to, and for fiscal year, okay q4 looks like their eps did, beat 309 versus 290.. So take two was a disaster. I i watched.

The stock will end up being up chegg b, really nice beat on rev eps, coming in at 38 cents versus 31.. Let's go ahead and look at the actual sticks here, yeah a firm rotating down after that simon property group for yeah. Look at that shag move. Let's go uh where's, the darn thing: oh my gosh 14 on that beat: let's go uh wow wow up 16, now on check, really really nice good, good, good, good move, uh! So that's chag and take two: let's go to that.

One ttw, oh wow, really chegg or take two interactive, has a terrible guide and it's actually green by four percent. That shows you why you never play earnings it literally thanks the dyno editor this. This literally is proof as to why you do not play earnings when they they shave their forecast, 10 and the stock still goes up. That's stupid watch this thing turn negative because that doesn't it doesn't make sense.

I mean what i i don't. I don't try to. Even uh speculate anymore on on earnings. The only way i would is if i was making a bet going both ways, then you could only be wrong if it doesn't move a lot um anyway, so uh, okay.

Well, that's quite interesting. The tag! 14! That's no surprise! On chegg take two: that's just that's stupid spg! Let me try that i tap spy, okay, yeah. That makes sense three percent down on simon property group. Yeah, that's not a surprise uh.

I i want to read this though i want to understand. Are they seeing uh lower uh visits, lower mobility? What's going on here, keep in mind the uh? What was i gon na say? Oh yeah, this video is brought to you by streamyard, so make sure to go to met kevin.com streamyard, to learn more peter thiel, reportedly to leave facebook to work with trump uh. Oh yeah, okay, that's definitely unconfirmed, but we'll see what happens with that uh. Okay.

So why wouldn't he leave to go work for biden? I don't i don't understand. Oh wow. Look at big digital assets. This is serious, yeah, look at that we went from like was it like 70 cents and went to a dollar? Oh, my gosh big digital assets, killing it here i mean big penny stock move here, uh backed holdings.

I've interviewed one of their executives before by the way you find it on youtube. Remember i will have peter schiff on the channel soon. A lot of the crypto related stocks moving nicely today, so very, very good. Moves here.

Uh makes sense, because we had quite the nice rally on crypto, which we talked a lot about at the beginning of live stream. In case you haven't seen that yet do you want to take another peek here at earnings, though simon property group, really the one moving down a little bit here and take two makes no sense at all that their forecast is such trash. There we go now. It's negative now, it's finally turning negative.

It's like did it really take that long for people to realize that the earnings were crap? I don't know um chegg chgg, usually the market's fast okay stand by see what we got here. All right, so nba 2k had strong holiday quarter. Uh raises bookings target. Oh, that's not that bad okay, good check, check, check, check, forecast, beats estimate, oh yeah, they did.

The check forecast came in at 8, 30 to 850 million, that's an 840 median and they were or midpoint rather and they were expecting 827. So that's a nice beat beat on forecast, beat on bottom line, beat on revenue, check, killed it uh, that's a triple beat on chegg very good. Take two was a disaster. I still don't notice.

I mean they beat on eps, but missed on forecast. Eps missed on forecast revenue barely met their estimated revenue for the last quarter, hmm all right, yeah and then simon property group. I do want to that's going to be the earnings call. I really want to pay attention to yeah, no, no particular notes yet so i'll have to i'll have to check out the earnings for that one and then circle back circle back saki doesn't doesn't everyone love the circle back? Okay, good uh? Now what i do want to do is look at the break-even rate, because i haven't done that in a bit five year break, even it's very important look at tyson foods after hours.

Why? What's it doing after us dude that that freaking stock killed it today? I made a joke earlier in the course member live stream, i'm not going to tell you what it is tyson's doing nothing in the after hours, you're, probably looking at a glitch, there's nothing to see there yeah okay. What was he gon na say? Oh yeah, here? Okay, okay, i mean the five-year break-evens are, are seriously unchanged the market, and this actually makes me somewhat nervous the market's not pricing in more inflation at all, which maybe that's a good thing. Maybe it's just the markets, projecting that hey we're gon na be okay. I hope so uh i don't want i i it's more stressful to be out of the market than in the market.

My gosh, you think it becomes less stressful being out of the market uh. That's why i always think it's funny. I feel like what you're just taking the easy way out baby. No, it's harder anyway, uh, so yeah five year break even has been relatively unchanged, which is quite odd again because everything has been inflating more but okay.

So let me try a two-year break. Even usually. I like using the five and and there's generally not that terribly much of a difference. No nothing's really changed on the two year either.

What is with it the velodyne spam? Oh my gosh uh! Well now i understand why. Apparently this lidar company is up like 85 percent in after hours, let's uh, let's go find out. Why now i don't know how much good it does for this stock, which has gone from literally spack of ten dollars to 32 to three dollars, but they probably got bought out. I that's the only explanation here.

I i will look. Vldr welding ladder and watch tesla dude watch tesla bottom all in on tesla, oh velodyne, lidar rises after filing shows packed with amazon, interesting uh entered into transaction deal with amazon, whereby the company to issue amazon up to 39 million shares to okay, interesting. I i i would have to read the details of that that's packed before i mean i, i don't like speculating on this kind of stuff, but what is this? Valendine and amazon entered into a transaction agreement pursuant to which other things velodyne agreed to issue amazon holdings? A warrant to acquire 39.5 million shares, subject to vesting, based on discretionary payments made by amazon pursuant to existing commercial agreements between the company. Okay, the warrant which shall invest shall vest over time based on discretionary payments of up to 200 million.

This is very confusing. Oh here at an exercise price of four dollars and eighteen cents, uh okay, subject to vessel exercise, price of four dollars and eighteen cents february. Fourth, twenty thirty; hmm! Maybe people are reading into that and thinking that, like somehow that bestows more value on on the stock right now i mean it's 7.41 says i don't under to me that it doesn't. It doesn't sound.

Like anything really happened, i don't know. Maybe i'm not understanding that one correctly, but to me that sounds like bull crap, because i i'm pretty sure they've already had a relationship together. This just allows amazon to basically have an option on on buying more shares in the future, which um you know. Maybe that's just part of some deal making or whatever they did, but i don't know for it to jump 80.

I don't know that seems a little weird. It's not it's a play that i understand way too little to uh to even really comment on. Oh well. Uh, but that is still kind of cool to see the stock price skyrocket, like that, i mean geez, yeah, okay, cool lemonade's, up about three percent in after hours.

Do a quick little look here on crypto btc, oh yeah! I i you know, i don't really yeah! Okay, well, btc is kind of stable. I keep getting asked the questions like this, which is i'm gon na go after this, but people ask me like, in the bear market scenario, how low, in your opinion, can tesla go well hold on? What's this their positions and standing up to russia, which has built up capacity to potentially launch an invasion of ukraine in a matter of days, according to u.s intelligence, president biden saying that he would urge american civilians to leave ukraine if they are still in the country. While suggesting diplomats would stay put, but also suggesting that he still did not know whether president vladimir putin had made up his mind as to whether he would in fact be launching an invasion. But president biden did put some detail onto what exact type of invasion would warrant these swift and severe actions that would potentially include the shutdown of a major future source of russian natural gas to europe.

Listen if russia invades that means tanks or troops crossing the uh. The border of ukraine again, then there will be we there will be no longer a norse team too. We will bring an end to it. Well, that pipeline comes on shore in germany is financed largely by german and european countries.

So how will the two countries exactly be putting an end to well? President biden didn't specify that only saying that if there is an invasion that that there will not be a pipeline going forward, chancellor schultz did not put as much specificity behind that he did not address nordstrom 2 at all. In his comments, only saying that the two countries were united that nato was united in how it would address the situation going forward and that germany is working to reduce its dependence on russian gas going forward, we will see how this situation plays out. Of course, there's diplomacy underway. The white house says it is a multi-layered diplomatic approach, a complicated one, with a little bit of news today back to you kayla.

Thank you, kayla tausche, at the white house. We are just getting started on the second hour of closing bell up next, very interesting uh, yes, nordstrom too, i'm just looking at this a little bit a massive pipeline uh. So it's a let's see here. Offshore natural gas pipeline in europe looks like it kind of goes through saint peter's or just above or through st petersburg uh, and then really out to northern germany um through the sea right there below sweden and finland, the baltic sea uh, it's two pipelines, apparently yeah Yeah, this drama is quite entirely like uh, quite toxic total, oh geez.

I i i couldn't really give like. I wish it would give me like a like a barrels measure or something, but they they only do these cubic feet things, and i don't can't really make much of a comparison out of that. But anyway, kind of saber rattling never sounds good anyway. So somebody was asking about how low can tesla go in my uh sh-9t scenario: uh look.

This sounds so bearish, but um there there is. There is no floor that we have recently seen, in my opinion, for if, if things really like, let me put this way - and this is a big if okay, i'm not saying this will happen. I hope this does not happen, but if we go into a recession and if, at the same time we're in recession drone piles like hey sorry guys, i can't bail you out, i need to fight inflation, we could potentially break. In my opinion, the lows of march of 2020, which is insane it's like what no that's, not possible dude.

The only thing that stopped the lows of march of 2020 was the fed bailout right, the the fed money printer and, if they don't come, you know. That's that's uh, yeah, that's a pittance, that's terrible! I i don't i and it'll only u-turn when the fed does i'm just saying things could go in that direction. In the worst case scenario right - and hopefully, that's a very small chance, but things can go in that direction until the fed pivots it's when the fed pivots. That's that's the time to buy uh.

You know my take yeah, but there's there's no floor uh, unfortunately, because all of the other floors have been propped up by drone powell yeah all right so uh. Well, there we have it for now. I uh appreciate you being here check out my kevin.com stream here check out the programs, i'm building your wealth linked and we'll see in the next.