Hey everyone me kevin here, welcome back to another marketing, closing live stream, so here's the thing i feel like we have uh reached the end, and i want to have a little discussion about that. So look stock market has had a lot of negative catalysts. Come to fruition within the last few weeks here, including a pretty dang soft jobs report today, yet the markets are kind of still taking every bit of negative news in stride, which is is somewhat incredible: uh we do have uh the nasdaq down about a quarter of A percent, the s p uh pretty much flat and the dow jones up about 0.16. So now, russell 2000 is down about 0.41.

So you you've got some of these. These lingering pain points, but i really think that once we get the cpi report next week, which is in uh, you know three trading days. We are going to be at the end of negative catalyst for at least uh 2021 sure we're gon na have a little bit of a budget and debt ceiling discussion in december, but the infrastructure stuff's gon na be passed by then we're gon na have a one To one point, two: with a maybe one and a half to two trillion dollar infrastructure package that gets passed, we'll know about our new tax implications, which i feel like markets have already factored and the worse and really. This will pave the way for, in my opinion, a new uh level of discipline that we need to bring to markets and and see.

It is easy folks, it is easy to invest when things are going up, any idiot can invest when stocks are going up and then, while they're trend lining up, go haha see, look i'm making money. Stocks are going up. Oh they're, well, duh, a real investor is the person who doesn't panic when things are read is the person who adds when things are down? That's a real investor, and so that's where i think we might be transitioning here into this uh phase of a potential lack of negative catalysts where we could keep buying the dip and we might actually be facing the end of of buying the dip for 2021. Here and we'll have to see what new catalysts come up, unless, of course, we have this in insanely horrible cpi read next uh week and barring any kind of insane news.

I think a lot of our fear catalysts are now behind us and the by the dip phase is over we're at the end of it, and now we're at this new beginning and the new beginning is okay. How do we now maintain discipline to maybe potentially go shop where things have uh have yet to recover, uh and and then be prepared for for the future markets, which that's difficult because looking into 2022, what are what are our new catalysts? We don't know yet we we don't. We aren't able to see that far yet uh, you know, we've got interest rate increases coming potentially one towards the end of 2022 in the second half and then a couple and 23 and three and 24. But i i think, really uh the next big catalyst that i could see between.

It sounds crazy, but the next big one beyond inflation after wednesday of next week. After that, the next big catalyst is going to be the 2022 election, because the 2022 election is going to provide that that clarity as to okay are democrats going to maintain full control uh, or at least this uh pseudo full control. We can call it with a tie in the senate or are democrats going to lose power in potentially both the house and uh the senate, leaving somebody like joe biden, powerless for his last two years and potentially setting up for a republican president in 2024. So that's going to be a very big catalyst and i think the next uh uncertainty catalyst.

In fact, if you wan na, if you wan na, do something that i think would be very smart to do uh. It would be open up your calendar right now and uh go to your go to about october 15th of uh 2022 and write down a likely time of heightened fear and falling stock market and then settle alert and - and let's just see what happens, you know pick A weekday i don't know if the 15th of october of next year is a weekday whatever. Who cares uh? Actually, it's probably a saturday so pick the 14th, whatever uh and uh, and write down heightened fear because it's going to be right before an election cycle. It's so those are the times to be investing, and that's why i'm saying we might be at this end of a period of of uh, buying the dip and really this new period, where we have to exert a lot of discipline again and it's hard.

I remember in uh, in january of this year, people were asking me kevin how come you're not buying a lot and it's like. Well, i'm i'm saving cash, and then i started selling stocks. The first week of february and the second week of february and people like kevin you, you just sold a billion and half. Why are you selling and you haven't been buying? What's going on, you know, and then the market goes haywire uh between the middle of february and may and it was a great time to go shopping.

I bought a lot of stocks. It was the same thing that we did here in in at the end of september and the first few days here of october uh, and i'm all in on that i love buying those dips. But these are the hard times where, when when stocks are just ripping or they start ripping because catalysts go away, we ask ourselves okay, like what at what point do we just wait right and sometimes it's frustrating, because, honestly, i believe, a company that has absolutely been Killing it like a firm, has the very real potential of surprising all of us and and running to a 200 stock and people. Think, oh, my gosh, that's nuts! It's a buy now pay later platform.

It doesn't have a moat whatever this, that, whatever i completely disagree, which is obvious, i mean i've got like a one and a half million dollars in in the company uh it's at a 38 billion dollar market cap right now, which i think is uh. You know, which i think is a little lofty but uh, there's this potential that this the stock market just prices in so much enthusiasm for this company over this uh, this winter holiday cycle. Here, where amazon walmart target and all these companies are now working with a firm to get people to spend more money now and pay for it later, it's really the merchant relations that creates a firm's moat. You know another buy now pay later platform can't come in.

Like uh square or uh, you know squares after pay, paypal or whatever they can't just swoop in and uh and pull off what a firm has done, because a firm has those merchant relations which is so much harder to to cater and to get that branding on Their websites, you go to target you go to checkout on stubhub right. These are. These are hard things to create. That's your moat! The concept you buy now pay later that part's, the joke, uh hey that kind of rhymes, but anyway look i mean it is possible that a firm could be one of those companies that just keeps running.

I wouldn't be surprised if that, if we added another 50 to this stock, we're somewhere at a uh, 52 53 billion dollar market cap before the year is over and this is a 210 stock. It wouldn't surprise me, i might be tempted to start taking some profits on the darn thing: uh uh, because it you know it'll start becoming a little bit too heavy in the portfolio uh, but uh i mean personally i'd. Rather, the thing go down, so i can go, buy some more of it but uh. You know the markets, don't always do what you want, so this is going to be the period of time where we go into discipline mode, in my opinion, as as catalyst aware off, and sometimes that can seem like it's a little bit more boring.

But it's actually one of the more challenging times because you're you're really looking at your portfolio feeling like you, have to do something, and sometimes the correct decision is nothing or or it's uh. It's put options like short-term uh sold, put options uh. So, for example, this morning i sold some puts he actually, i sold a put and i bought a call uh in in various different stocks, and so this is this. Is that kind of time where you look and you go farming and you you wonder like okay, where where's the where's the leftover opportunity uh this is this? Isn't the one but i'm just going to look and go like hey, is? Is there an opportunity with lucid now breaking its lower channel over here? Is there now an opportunity to sell, puts and lucid uh, and it comes down to a factor of? What's volatility been doing what's uh? What's your historic out or what's your outlook for the company and do you see it as a longer-term investment that you want to own and there are plenty of these companies that are still lagging uh, really the the broader market? Where you wonder like do you have opportunities to go shopping in these, for example, draftkings is a company that i've been looking at uh, i i don't know much about the therapeutics but uh.

I certainly hear everyone loud and clear that crispr is sitting on our support line over here. We looked at that this morning as well. Roblox heading back to ipo pricing going well within its channel over here. Uh camber gave up its gains for the day.

Hippo in the insurtech space has been uh. Let's see, it's been bleeding out here, the last little bit and we're coming upon this uh. This lower support level here of uh somewhere really around the the upper threes, where we really don't expect something like hippo to exceed that sort of level. But then again, all it takes is a short seller report like what owlette had and you end up plummeting after your bleed here you end up plummeting even further so uh where it is right now is about where i bought into uh owlette somewhere around 4 20..

So it hasn't really moved since i bought it, but then again i did buy it after the short seller report, because i just love buying stuff. When, when some dumb short seller comes around and tries to uh, you know slap him uh, it's it's not just the short sizes, they have the fda letter as well, but you have all the law firms the vultures circling now right, so uh and now that's a Great company yeah, no doubt so uh, but anyway, you know this. This is that time of of the market, i believe - or certainly at least starting wednesday, where that discipline is really going to have to come back and we're really going to have to go. Look and scrutinize okay.

Do we want to go in on something like a canadian, solar uh? It's look how low it is right now relative uh to 2021 right. We began 2021 here with uh this energy company, and this thing was was 56 a share uh. You know we are now below october of last year's pricing, we're sitting at a measly 32 a share on this company. I mean this is uh.

This is approximately what would we say somewhere around september, of last year's pricing and uh before that you had a bunch of resistance at about 26. So it's like. What's your downside here, 20, maybe, but but your upside seems like it's much larger, but again, you've got this big supply shortage crisis and that's where i think becoming a little bit more discerning is going to be important again see i did uh. I did lots of buying uh over the last few weeks in well.

Some larger buys in uh in sort of baskets or like pies of stocks, and that's because really everything was on sale. Now we go into this phase where you can't just do the everything dip. That's over it's the end for that the everything dip is over. Now it seems like we're in this phase of okay, we've got to be a little bit more discriminatory, find some of the leftover uh leftover pain points of the market and i think uh.

Some of those that we wrote down, for example, would be things like shift rocket mortgage uh, united wholesale mortgage, honest company, hippo lemonade, potentially matterport lucid, although matterport's been doing pretty decently right uh. These are some uh. You know maybe even disney, if i didn't say, chargepoint, canadian solar, some of these leftover ones - uh, i don't know uh and that's where it's gon na take some time and a little more methodical research to see why maybe they might be left behind, but uh. Very very excited about uh the market and these catalysts going away very happy.

I did what i said i was going to do and i bought a lot of the dip that we had and i do think we we still have some potential delta fear headwinds. I don't know how much pain we're actually going to get from delta uh. You know dave and buster's, for example, down 5.5 uh. You know, in my opinion, something like this would be down five point: five percent on on some sort of fear that uh that delta is going to come back stronger, but then again, you've got square down.

Four percent on no news could just be the the state of the market being somewhat tentative because of the jobs report today today could be somewhat unique in that you know lemonade down 2.47. I do believe that today, through wednesday, we could still see some red, and i think that's really why i wanted to make this sort of introduction here as well, is just to say, like hey, take advantage of the fact that we might still have red between now And inflation data and this inflation data comes out pretty red. It's gon na be another nice opportunity to buy the dip, but after that, well you know if we end up if all these catalysts disappear, which so far they are and we get larger by their. We get uh sort of larger rallies and less by the dipping.

Well then, then, it's a matter of being discriminatory and finding those individual deals so um and of course, as usual, always remember, you can get every single one of my buy, sell alerts for crypto stocks options sell puts whatever it is, but joining the stock. The psychology money group you got lifetime access to the lectures in that group uh and the private live streams. We can do q a but uh for now. Let's go ahead and focus on some of the headlines, and we've got about 11 minutes left to go before the close.

We have let's go ahead and pull up cnbc here. We've got uh the dow jones only up right now, oh four percent, so barely up we're almost read across the board, despite volatility declining at the moment, we have uh, let's see here: okay, let's go ahead and look at some of the headlines here, bloomberger all right. Let's see what we got, biden celebrates uh drop in unemployment, even as job growth, weekends, yeah come on. Man come on man.

The drop in unemployment uh was was because of a seasonal adjustment in uh educational work, not because of a good jobs report. The jobs report was a disaster. I i personally would not be cheering this jobs report. I would have used this jobs report as a see.

This is why we got to do uh more work. This is why we got to pass my buildback better plan or whatever uh. I'm surprised that uh biden is cheering this. Although then again, maybe i should be unsurprised, given that that's how politicians operate but um, whatever so uh all right biden celebrates drop in unemployment right uh-huh, mcconnell's grip erodes as trump tugs, gop senators to his orbit.

Uh. That's an interesting argument that maybe donald trump is having a little bit of an effect uh robbing power from mcconnell. I don't know about that. I think this last move by mcconnell was really a uh power play by him, giving uh giving the dems a little bit of leash all right.

Uh, let's see here, baron's had a piece on a farm i figure we may as well take a look at that. All right, let's see here, uh uh here - is there, isn't a firm article on barons. I saw it somewhere. Ah yeah here we go a firm stock sword on its target partnership.

It's not good the good news. The market thinks it is ooh. Okay, the stock climbed for a second consecutive day, thursday, well and today, uh within the buy, now pay later provider as it heads into the holiday season. The company's stock rose 20.

On wednesday, big box, retailer announced new payment options for consumers through partnerships with a firm and it's smaller appears, zezel. All right, so uh target said consumers would be able to pay for purchases over a hundred dollars in monthly payments through a firm's technology, while zezel splits. It into four interest repayments. Over six weeks, target's blog post may have sent the stock soaring, but some, including morgan stanley, have noted that the tie up isn't new.

Emma firm and target have been working together since 2009.. This is a fact. A firm has been showing on target's website for quite a while uh and uh. It is a little surprising that uh the things moved on this while there's a good chance target is expanding availability with this launch and we did notice a firm's new adaptive checkout.

We still see the reaction as overdone i mean i personally disagree with this. I think the uh, the the uh well one of the things here with the adaptive checkout. One of the things that's so unique about their new checkout model is that now, rather than the entire cart having to qualify for a firm individual items can qualify for a firm. I think that's super incredible, and on top of that, you're really in this place, where a firm is, is working to bridge the gap between the in-store and the online, and i think that is such a big opportunity for a company like a firm.

We saw them. Do this when they took over walmart's layaway program, i think it's absolutely brilliant affirms reps told barons. We are pleased to partner with target, to empower more consumers with flexible, transparent pay, overtime options. More than half of americans are interested in using this sort of service.

Okay, uh by now pay later concept is experiencing a boom, particularly amongst younger people, and some of the industry's biggest names have expanded into the space. But keep this in mind. This is so different right here. The the references they say, paypal launched it's paying for zelda, is paying for squares after pay.

Uh does uh does buy now pay later, but it's not just that and and that's i think what folks miss is when you do a deal through a firm and a firm has a set relationship with the vendor. A firm might be able to offer you 12 months, 24 months, 36 months of financing on that tv, you're going to buy on amazon or that bed frame you're going to buy from target or the stroller you're going to buy from target whatever that's different from paying. For because remember, paying four is not paying for months if pay in six weeks, which is really no payment and then payment payment, payment, payment, payment right like every week or every other week and uh. In my opinion, paying four is really no different than just swiping.

Your credit card and paying it off by the time it's due, because if you think about it, if you swipe your credit card now on october, 8th - and let's say your billing cycle doesn't close until october 31st, then your balance on your credit card go actually goes Up and you might not have to pay that balance on your credit card until not november 1st but december 1st right so in effectuality there i got five weeks of no interest just because of my credit card billing cycle right uh, and so that's big - that that's Huge right there, so why do paying for like paying for, in my opinion, is kind of stupid? It's the same i mean. Maybe it creates a little bit more discipline for folks, because you can just you know, maybe people will be more disciplined than with a credit card to actually pay it off, but uh. Why do you pay in four when you could do so much more? Oh man, that that should be an ad right there. Why do paying for when you could do so much more, i i don't know i mean, let's try something here: let's do uh, let's do an expensive, stroller or something like that.

Uh and again it's it's. Not a matter of zezel going public uh that that's gon na create real competition. It's about the merchant relations! That's that's what really matters so zezel, for example, does uh targets um uh? What's it called uh makeup makeup lines? There's a word for makeup. I don't know what it is um i don't know, there's some sort of fancy word.

Who cares whatever cosmetics? That's it. So i don't know. Let me find some palettes here and uh makeup palette, something that would be a little more expensive. So give me a more expensive makeup palette here.

I don't know find find me something good, let's see here, my goodness, there's just nothing expensive! Okay, here we'll go to the 50 to 100 range, i'm pretty sure the cosmetics are all uh zezel, see there uh four. Four payments as low as 15. Well, who cares again? This is just like you may as well just use a freaking credit card like really i don't care uh, and so i'm gon na go in here and i'm gon na go ahead and look at this uh stroller and when i go check out this stroller over Here, uh, i want to look at this affirm thing. Look uh! Look at this look at these options.

I get here folks, look over my head here, i'll just remove myself. Okay, make easy monthly payments over three months, six months or 12 months, so check that out 12 months of payments at 29 bucks come on. I need a new stroller for my kid. It's 316.29 bucks a month.

I can do that dude. This is so much better than paying for now. It's expensive don't get me wrong, like you're, paying more for it, you're paying 20 interest here right uh, but for some people that's their only option and then certainly depends on your credit score as well. So it doesn't necessarily have to be zero percent financing, but for some folks this this is a good deal and it gets them paying it back.

This is like a credit card right. This sort of interest rate uh, but uh, but again that the whole paying for thing is is: is ridiculous. Uh no luke uh the for paying four is not two months. It's uh, it's actually a paying 45 days.

Uh zezzle themselves says that it's it's a 45 day thing, so i don't know exactly how they set it up, but it's 45 days it might be a payment due first day right and and so that way, your your zero point is actually your first payment right. Uh, but it's 45 days, which i just mentioned, is the same as using a credit card. Because again, if i make a payment on october, 8th and my billing cycle doesn't close until october 31st and then my bill's, not due until december 1st - that's effectively 45 days of zero percent interest right. I i understand that uh paying for zero percent interest.

So is a credit card if you pay it by your due date, right uh. That's that's! What's so interesting about that now the cool thing that a firm does also is they do zero percent interest on certain uh products, and so that's where the merchant relationship comes in again so uh, very, very cool, so uh yeah. I love that uh about a firm uh, but yeah. Some products are zero percent interest.

It's when they have a merchant relationship that you get those zero zero um uh. What's it called a zero percent interest uh on certain products, merchant and product relations? But again you can milk your credit card for zero percent interest, even if your credit card's, like 25 interest, you don't make a payment on it for six weeks. That's basically zero percent interest for six weeks. It's literally no different than paying for it's just setting you up.

So when i hear people say oh paying for is somehow competition to a firm. I kind of laugh that off, because it's not even close like the the firm buy now pay later model is is, is set up for giving people 3 6 12 24 36 month options to pay for products, and this is what i can't wait to see on Amazon.Com, that's going to be big for amazon and so we'll see where this uh this goes, but uh yeah anyway, so uh. That gives you a little bit of a heads up on a firm. Obviously, it's still running uh, pretty incredibly here uh, it's too expensive.

For me to buy at this point, i would love for it to uh to go down a bit but uh hey. You know what all good and uh uh and uh yeah. That gives you a little bit on a firm again, wouldn't be surprised for it to just keep running, but i'll, also kind of hope it goes down. So i can just selfishly buy some more okay.

So what do we got as we go into the close of the day here we got blue apron down 13 tmc down 11.5 skills, evaporating some more lots of momentum, evaporating here, also with a weird sort of dip here on dave and buster's, not exactly sure why All of a sudden we've got uh. We've got this sell-off here on uh on dave and buster's. Here at six percent uh, then we've got lucid down 4.7 ouch very good food company down four lemonades down 3.0 for uh united wholesale mortgage continuing down into the gutter. I mean united will sell mortgage.

She whiz, it's just been getting burned: united uwmc stock, wonder what the cap is on. This uh you've got a market cap here of about 10.36 billion yeah. They still got a market cap under their belt yeah all right. So let's go ahead and get the closing bell here and then some red across the rest of the sectors real estate at the bottom of the park, but only down by one percent.

Summing up what is ultimately a flat day, the dow all right, we got uh the dow basically flat 0.03 to the downside, s p, down 0.21 nasdaq down 0.51 and the russell down 0.75, so everything ending today red i uh love it to some degree here that Uh, it still gives you some opportunities to buy. I do think we're going to be at the end of these by the dip seasons or season sessions, soonish uh, so uh still interested in trying to buy the dip. Whenever i can, i am right now uh. I just saw a headline by the way that uh disney is potentially going to start charging people 15 uh to uh per ride to skip the line.

So if you wanted to go on 10 rides, that would be like paying uh. You know somewhere around 150 bucks and you get in there and skip the line. Now i last bought uh if a bit of disney at um during the last dip, i'm gon na buy a little bit more disney uh right now because uh. Why not? It's still a little bit of a dip position, so um so buying a little bit more of the dis.

If i can, i don't know if i can uh, i like the dis but uh. I don't know if my dis is gon na, go through so uh. Whatever so um my disney might not go through uh, because disney's all of a sudden going up on this news a little bit darn it oh well, it doesn't matter if it doesn't go through. I don't care, though it'll it'll dip back down.

Oh no! It did good, it did go through. Okay cool, so uh just bought a little bit more disney and uh disney's one that i've been working on building a position on anyway. This isn't really so much news based it's just something that i just want to hold. As long so added 300 shares of this, and when i when i make moves like this throughout the day, i always say whether it's long uh or what it is.

This, for example, is long, but that would just give you an example. Uh of uh me buying uh a stock and set an alert for it. I got ta get that alert out. Okay.

There we go cool uh there we go so um, yeah, okay, good, so uh. What else do we have? Then? We've got um uh yeah. Let's take a look at how's things closed and then i got ta get going because i got ta get to las vegas. So, okay, so we have uh.

How do things end up geo open door? Hud 8 arrival - these guys are farm up very nicely here: plug power, gevo jd, canadian solar good moves here. Let's go ahead and flip to the uh to the losses here: really: skills, intelia, blue apron, dave, busters, uh, hippo, lucid these guys down all uh, 400 plus and uh. Let's see here, that's why i was saying yeah. It doesn't sound like that much if you most people honestly go through in my opinion, like uh, i would say i don't know, maybe like seven to eight rides on a day at disney like because you spend so much time in line right and even if you Could skip them all like it just still takes time, so uh 15 bucks a ride.

Honestly, it's not just it's not that bad, so, okay, cool yeah. I mean things moving well here, still looking for some catalysts for sheep to potentially come back, uh camber energy trying to do a little bit of a move here in the afters. Very nice matterport's coming down slightly in the after a firm sitting at 140, 91 and afters here. Obviously, after i was just beginning so uh all right, that's pretty exciting win a win sitting at 86.

how'd wayfair do today, let's take a quick peek at wayfair wayfair flat right now in the afters and in the day oh tesla went down one percent pretty much Flat in the after hours and wayfair at uh down about point four nine percent on the day - oh darn, you uh, that's all right, but anyway disney's sitting around that 176 level. You know under 180. For me, i think, is fair. I think there's an easy 10 up to where this thing runs back to 200 as we get through the recovery.

However, if of course we do have another delta surge, i expect disney would probably go back to 140 150. great company to own long, though so i love it so, okay, folks, i've got a run. Thank you. So much for being here really appreciate you good luck out there and see in the next one make sure to join uh, get your free seventy dollars with public or up to seventy dollars.

By going to mckevin.com public, they don't buy or sell your information and check out the programs linked down below and building your wealth, but always make sure you start by getting that free up to seventy dollars. By going to mcmahon.com public.