Welcome back well, folks today is going to be very, very interesting. We don't believe we're at that point yet or we're going to have an inflection, but we do believe that whatever happens it's going to make headlines, and that is because today is another one of those. Once a month, inflation or cpi consumer price index updates, i do want to talk about uh before we get started. Why or what happens? Rather, when the bureau of later labor statistics releases an update, suggesting because i've seen quite a few comments on this releases, an update saying that the next labor, uh or cpi report will be using the same weights from 2019 to 2020, as as we used in 2008.

Rather, which are from 2019, this has created a lot of confusion, and a lot of folks are wondering if the bureau of labor statistics, again with with cpi uh, is trying to uh kind of skew. The numbers and and sort of uh rig the system again uh. The weights in cpi, when we do the cpi read they uh, are how much each individual sector weighs on overall inflation. So, for example, the weights refer to uh housing, being one-third of the the the inflation rate or the cpi read.

So if, if you see comments on oh, my gosh they're using weights from 2019 they're trying to make inflation seem like it's less than it is or whatever all they're saying is they didn't see that the uh that the changes that occurred during the pandemic merited any Form of uh of a change in weighting of how things are calculated, so it's actually, if anything, more constant, rather than less constant uh. But i have seen a lot of people quoting this sort of uh this. This update uh and uh and uh being a little sussed out that oh no here goes the uh, the bureau of labor statistics again uh off on uh off on the the um. You know trying to rig the game again.

For example, right now you jump on over here uh. This is this: is the bureau of labor statistics, uh cpi price page you'll, see that right here, starting in jan 2022, waits for the cpi will be calculated based on consumer expense, data from 2019 to 2020. and again people read that and they're like? Oh, my gosh. We're using data uh we're using old data to try to try to rig the system right.

No, no chill out. Well, sometimes there's something. So i'm like yeah, that's a little sus. This is not one of them uh, so i do want to point uh this out.

Right here, because this has led to a lot of confusion - and it's honestly not that big of a deal, if anything, it's better that it's more constant than less now in november we had a point: eight percent month-over-month rise uh in the cpi, read uh, and that Was a 12 month, 6.8 percent read and now uh in the next 60 seconds we are expecting new cpi numbers, which is always really exciting, uh to get and find out what that headline number is going to be now. What numbers are we expecting and what do we think is going to happen? Well, first, the market is expecting a seven percent. Year-Over-Year read that is more uh than what we had reported last month. These are the december numbers again we're expecting a seven percent year-over-year read and a month over month of 0.4.

I think if either of these miss decently, like we get something under six point: seven percent - or we get something - that's maybe under or equal to point. Two percent on the month of a month to month, uh, i think uh we're going to be in a very nice position for the stock market. I think the stock market has really priced in uh. Some nastiness already in terms of both rate increases uh.

The uh balance sheet runoff and uh inflation as a result, uh this indices are actually up now. 0.2. On the down point to well point two, two down point: two on s: p, futures and point three: three on the nasdaq futures and let's see what it is here you go here, we come come on we're waiting for hopefully under point four still not out come On get the freaking feedback out of here come on waiting for that number any second. Now this will actually update uh and waiting for it to update this will say december, come on, i'm excited for it all right.

Let's cnbc have it rick santelli here with the first there. It is 0.5 okay, point five and seven it's on the dot. It's basically a match slightly higher slightly higher on that month over month uh. This is basically a match.

Folks. This is not like a big rally, mode kind of green uh. This is basically matching expectations. Exactly uh.

It sometimes makes me feel like all this stuff is rigged. When the market uh all of a sudden says, we think it's gon na be 7.1 percent, and then the day before the report comes out the market's like no, no, we actually think it's going to be seven percent instead of seven point one percent, and then it's Literally, seven percent freaking nailed it like it's like what okay somebody knew something a little weird but uh. Let's take a look at some of the uh, obviously uh. These are the month-over-month increases which they're showing on a nice uh chart here.

So we're seeing we're seeing kind of this potential slowdown here in this inflection uh or or in inflation uh. One of the things to remember - and this in my opinion is very very important - was this run-up. We saw right here well, a lot of this right here was based on uh, and these are month-over-month figures right. A lot of this was based on coming out of the coveted winter.

The first coveted winter inflation really subsided in the summer, but when delta ravaged us in september, we actually had this skyrocketing of of actual price input or or prices, and so uh october november really got hit hard. So it's nice to see that, even though it's not 0.4.5 not bad, this is not bad i'll. Take that uh and again we were not expecting this to be the month where we get a big inflection point to the downside. So this is not a big surprise.

Uh food in the index is uh up about uh six point: three percent on the unadjusted, 12-month energy folks, look at energy on the 12-month 29.3, absolutely mad uh energy really really up there. On the 12 month, you've got new and used vehicles up 37.3, just nuts, but in december folks december uh used vehicles only up 3.5 and uh new vehicles up one percent. Let's see if we've got any larger negatives, we'll go ahead and pull uh. Let's go pull.

Let's get a little bit more data uh, you could go to the bottom of this report and you can get some nice sheets so, let's grab it here. We're gon na grab the sheets with the detailed expense categories. Okay, let's see what we have here. So these are going to be the month-over-month changes.

Okay, so i really want to see what's what's changing on a month over month basis here, so this far right number is what we're going to look at uh we've got food at that point, five percent level. We have uh biscuits down 1.7. What is this beef? Oh my gosh beef's actually going down, so beef has consistently been one of those that has come in quite high. In fact over here you can see the unadjusted annual number here and look at this for beef you're up between 18 to 22 percent.

You have finally had an inflection point here and some of the beef prices coming down two to four percent, a piece on a month over month basis, so quick, quick draw down there uh but folks oranges, up 8.9 percent on a month-over-month basis. Here: tomatoes: down 4.6: okay, we're going to get off of some of these narrow categories; sometimes it's interesting to see food at schools, food at employee sites and schools down substantially 7.9 to 12 on a month over month basis, wow um energy. Oh my gosh! Look at this folks, even though that annual inflation read for energy uh was very, very high at 29 plus percent. Look at this folks, energy, actually inflecting down fuel down 3.4 again annually up 38, but fuel actually inflecting down coming off those peaks.

This is good. We want to see more and more of this stuff, not hitting new peaks. We want to see this stuff draw down floor coverings, down uh two per uh, two percent here, however, a living room, kitchen and dining room furniture up, 3.1 percent laundry equipment so still durables. We're still seeing price increases on durables again laundry machines also being severely affected by supply chain issues.

Women's suits, though up 3.4 uh you've got watches and jewelry up. Four percent used cars it we are not getting over. This used car pricing 37 on the year 3.5. Just in the month over month, comparison so uh, hopefully when we get out of this whole, like uh, oh black, friday, end of the year sales event, bull, crap, and all that maybe now we can start seeing in price.

Some of these prices for used cars in flight down domestic services, okay services can have a big drag on inflation, or a big sort of boost create a big boost to inflation 2.4 on a month-over-month basis on domestic services. Uh, let's see here moving in storage 1.1, that's probably entirely because of california uh it it causing inflation and the moving and storage sector sector. So uh, sorry about that uh! Then you've got minus two percent for uh care of elderly. Look at this! Oh wow wow! This is, this is really good.

This is actually incredible. Look at this one here, folks, car and truck rental up 36 over the year, but wait a minute folks look at this 5.3 percent of the downside. Now this could potentially be - and you never know - but some say that well december is just a freaking slow month for moving and getting a u-haul, okay, so uh, who knows we'll see if that lasts for next month, going into jan and that's it that's that's actually Not that terrible uh, i'm surprised, let's see, rent of shelter, rent of shelter only listed at up 4.1 for the year. This is a very lagging indicator.

It makes up about a third of the cpi read up up 0.4 on the month over month. I mean really there's there's nothing here. That's screaming scary uh, when the biggest things for things like women's suits or appliances or oranges on the month-over-month basis living room, furniture uh, which could really be omicron related again. We got we remember folks what how like, when you look at these categories.

It's like okay, why would furniture be up well come on? We just had hundreds of companies, massive companies, uh say that's it. We are doing work from home again because we're tired of this omicron crop right, so we're doing work from home again. So you work from home. Okay furniture goes up gee.

What a surprise uh you know. Whatever now what's got, ta got ta get these used. Car prices done, we did in the latest man heme index report, uh start seeing some softness uh in these prices, which is nice i want. I do wan na see what the suits are saying and we'll look at how the market's reacting uh.

It appears so far. Uh the market is reacting positively, which uh is an expectation, because really what we wanted was not a dirty. A dirty, miss on numbers today or or i should beat even the same beat sounds weird like a a number that comes in substantially higher right. That would be scary, so let's take a look and see spy btc.

Look at this folks. The market's happy about this market is happy about expectations being met, not fearful about that 0.1 percent beat on the month over month. Market. Don't give enough about that! It's like you know what look we are expecting the high number.

We got the high number. We didn't get that inflection on the downside, yet, but again, probably not seeing that until march april may, when we compare to a little bit of a of a faster slope of growth from last year, uh so uh. This is uh, leading the s p 500. To move up we're up about point five percent right before the cpi read, we were up about two tenths of one percent.

If we go to btc uh, we have um a little bit of a well hold on. Let's see we're on four hour: let's go to the minute there we go. Oh look at that, we're almost at 44 000 on btc i'll notice. It is moving essentially in direct correlation with tech assets.

Again. Look at this folks. This is your tech index. The nasdaq! Now this was up about point uh.

What was it point? Four point five before that's up about point: seven, six right now, uh it does look like you've got some of the larger megas up uh. What's going down right now is actually darden olive garden, for example, down 8.3 you do have corsair down 1.3 toast down 0.91, so restaurants rotating down here, but moving to the upside ocugen 12 uh hippo insurance, six percent, my gosh someone's gone the toilet, uh hud. Eight mining 3.8 percent, matterport 3.29, so fine, x, ping, uh and and so on; no no real blast offs in uh. In some of these individuals.

Here you have tesla up one point: two: five percent uh oops. Let's take a look here at uh tesla's chart just to see its reaction. Oh tesla loves this folks. Tesla went from uh 1066 to about 10 80 right now.

It's a very nice move over here. At tesla, tyson food doesn't really care and how about uh, how about arc? Does it look like we're broadly green on the market right now, uh arc also moving up with the indices here so uh. Let's take a look at what the suits are saying about this um. Okay, let's see here so oh man, okay, well, b, meet expectations, treasuries uh, take those cpi prints in stride.

Pretty strong cpi numbers, especially month over month, coming in slightly higher, say the suits, but markets aren't exactly on fire. The key to the longer term will not be so much what's now in the rear view mirror, but what's to come five year break even rates are still hovering near the three percent uh region, meaning with even with all of powell's promises to fight inflation. Traders are skeptical uh in a normal world. This would send this sort of cpi print would send yields sharply higher, but a long dated premiums are still negative and break even calcs.

Uh, let's see here, we have let's look at the bonds themselves: uh yeah! Oh, my gosh look at this folks. This is incredible: the bond market actually rotating down, so you even have a cnbc headline here, saying the 10 years at 1.74. Folks, it's falling it's it's down. This is so unexpected uh with with such a high print.

You would expect that bonds would run remember. They ran up to 1.8 percent on monday, when we had a dirty morning on monday, uh and the stock market was extremely pained. I mean uh just because i was getting asked so many questions. We did a deep dive in the course member live streams on hedging.

Now i didn't hedge, i bought the dip uh which i'm happy about, because the dip that we bought on monday is way up, uh right now, but uh just more. The reason if you are not yet part of the stocks and psychology of money group, i don't know what you're waiting for uh consider joining use that coupon code down below it's a birthday coupon code prices will be going up after uh. My birthday and uh also check out the path course that comes out in about two weeks excited 16 ish days so uh anyway. This is actually a very unexpected movement here in the bond market and and remember folks, the bond market can uh yields can rise, and this is very, very common when folks, hedge, a dirty inflation report, so picture how that would work for a moment.

Okay, so uh, you think oh no inflation's going to the moon. Things are getting worse. Well. If inflation goes to the moon, we would expect the 10-year probably to also go to the moon right and that would work potentially by bonds falling.

So bond prices fall bond yields go up, so if you think bond prices are going to fall because inflation is going to come in really dirty, then you could actually short the bond market. If you short the bond market, then you're expecting prices to fall. Well, apparently, the market was expecting prices to fall so much that when we got this report that didn't beat expectations just meet expectations. All of a sudden people like oh okay.

Well, maybe we don't need to short bonds anymore. Let's get rid of our hedge, maybe let's buy back some of the bonds that we sold and we're actually seeing the 10-year yield fall right now, pretty decently i mean it's, it's a here i'll show you exactly what it looks like and now this is uh a Little, i think this is about 10 minutes delayed, but you could kind of see the reaction uh when i just pull up this little segment right here. This is right. Here was when the print came out.

It first overreacted, uh slightly on that beat on the month. Over month, but then the market's like meh, this is not hyperinflation, and i i bet you, i'm gon na get some comments where people are like. You know at least seven percent is not hyperinflation and what is you know, he's gon na get that kind of like weenie, baby hate uh, but uh look. You know, i think at this point we realized prices have gone up to higher levels.

Year-Over-Year numbers are high. They are elevated, we had, we had a level of inflation. The big big, big, big concern for markets is, is it going to recur? That is the most important thing is: is inflation just going to continue to recur to the upside uh and the expectation appears to be no uh and, and that's been what the market has been uh overall pricing in so let's take uh take a look here. It does look like rally mode is somewhat continuing uh arc at 88.3 here.

Also that's up about one and a half percent. So far about three ish you've got expi at a 2.67, a firm 2.42 and phase up 2.39 cloud flare, lemonade, 2 percent, not not like massive numbers. Here, it's not like the market's like. Oh, my gosh definitely turn on rally mode, which i think we could have had if, if we got a a a collapse in the inflation rate, not there, yet, though uh instead, oh folks, let me ask you, okay, what do you think the senate republicans just tweeted Senate republicans, if, if you know, if you know your politics, you know what the senate republicans are.

Tweeting. Okay, remember who's president! So it's not going to be positive senate republicans just tweeted here it is new data. Inflation in 2021 was the worst in 40 years. This is very, very expected uh.

I wonder if uh, if dems have tweeted, but these are the uh the sort of headlines that you're gon na see in the political world uh, how does senate democrats and senate republicans have exactly the same number of followers? 1.2 million? No democrats, just ain't, saying anything: oh silence, anyway, uh, okay, let's take a look here. We got um tesla, somewhat softening a little bit here. S p softening as well uh a little again this. This wasn't.

This wasn't the kind of report, in my opinion where i'm like. That's it, that's it we're going into rally mode uh. I wrote that down. I wrote down the bet that i made that we would see a rally if we got a less than or equal to 0.2 on the month over month and a 0.67 on the year over year.

That was rally. If i i don't necessarily think we deserve uh. I mean maybe we deserve, but i don't think necessarily: we've earned a a rally so uh, that's a that's a no-go for me uh. So i'm i'm not necessarily jumping and uh going shopping.

Oh look at that interesting draw down there on the s. P. 500. I don't know: okay, that looks like a weeble glitch there uh, but it's okay, so some of the excitement kind of dying down a little bit and face still doing nicely here sitting at about what is this one? 150, 190 anyway, uh yeah, okay, good, let's uh! Let me see what else uh el suzos are saying.

So, let's see here all right, inflation, a little high but may already be priced in inflation - was a tick higher than expected on a monthly basis, the headline rising 0.5 and the core rising 0.6 with expectations at 0.4. Despite this, the headline came out largely in line on a year-over-year basis at seven percent. By this point, you already know that it's the highest read in decades see i actually like that they wrote that they're, like you know at this point, you already know like we're doing the 40-year number stuff like do we really do. We really have to still have a conversation about it.

It's like we got. We got the clickbait headline. We got it: okay, seven percent. It's a lot uh.

It would probably be front and center on, like new york times and stuff like that, we'll look inside. That's likely a function of the lack of reaction from fixed income, uh bonds, which arguably priced a higher number in during last week's drama in the bond market. So uh yeah, we'll see how the they say we'll see how the dust settles. Ooh uh huh, not not always straight up but uh, i will say the the bond yields dropping is very, very good yeah, that's that's it! Okay, let's take a look again bond deals just see if they're continuing or rebounding back a little bit stock market pulled a little bit back from some of its excitement.

Now bond yields still sitting at that 1.72 on the 10.. Let's look at the two year if the two year rotated down as well uh, it did not much we're still knocking on the door of that point. Nine number here, but uh no bond market's, certainly not like. Oh my gosh hyperinflation.

The bomb market is not saying that and uh the bond market is, is people actually putting their money where their their mouth is right? Uh? So what do you all think? Kevin mccarthy just said: kevin mccarthy, breaking inflation just hit seven percent, the highest rate since 1982. The trend isn't transitory. Look, they put a picture of sad joe biden. Uh welcome to politics.

Folks, even like yeah consumer prices rise, seven percent fastest pace. Since 1982. wall street journal us inflation reached fastest pace since 1982. Who cares uh? We we got it, we got it um, but uh yeah.

This is this. Is the headline everybody's interested inflation register's biggest annual gain since 82., my goodness, okay, folks, uh, sell your clickbait gee whiz, all right, so um all right. Well, that was the that was the inflation read uh now i think the the key here is going to be trying to dig around and see what's actually trying to hold on to gains today relative to what came out uh cpi minute, so a firm matterport each Having a little bit of a rotation back down, let's try baba and neo. Let's see how that chinese sector is doing, it's been doing pretty well, the last few days no baba don't give an f bomb baba's like the honey badger, just just whatever man uh baba.

Let's try neo yeah neo neil likes this up three and a half percent. But again it's it's up three and three and a half percent is really relative. Given that you're just sitting at 30., see tesla ran up to almost 1080 but pulled right back down. No, that's not all the way back to uh pre uh cpi pricing here, but uh yeah, relatively relatively stable.

It's probably going to mean that btc has stopped its run yeah. I kind of did yeah look at that rejected at 44. Again, you know. What's funny.

Is i was stupidly looking at some of the comments yesterday? Oh the temperature's, perfect right now, uh and um. Some people, like oh kevin, you're, just like so happy that that yeah, you know the stuff bounces right at your right at your lines like lemonade, bouncing yeah. Well, if you draw enough lines, some of them are bound to hit, and it's like man, anyone who actually watches these live streams regularly knows that these lines work pretty damn freaking well on so many different stocks. It's really incredible! Uh, we'll see we'll see you know, and i think they give us really good indicators, because i want to show you and we've talked about this before we were talking about this quite a bit in the live stream in the course member live stream as well, because A lot of folks are like hey kevin like when.

Are you getting in on the small cap rally and uh? Well, you know. We've talked about this in detail in the course member lives, but uh and briefly here, but my rule has been uh. Look waiting for a complete breakout of this channel and a shift technologies was a really good sort of canary in the cold mine for actually not getting in on the small cap rally. Yet because we were last here here and here when we had small caps moving.

But we never actually got a bar break, we didn't even we didn't even get a half breakout on the bar, like the bar just stopped uh at the uh at the resistance line, and these lines were drawn before these events. We could not break these numbers, and so it's no surprise that now we're dancing along the lower side of these. So this was a very easy to tell to me that small cap rallies is not ready, yet it will come. Don't get me wrong.

It will come volume is elevated. People are paying attention these small caps, but right now we're still hitting new lows uh and what i really need to see is a full break above these, maybe even one or two, and we see one or two full breaks above some of the ta that we've Drawn here uh, that's where i think we begin to finally set up for the good old school doubles and triples that some of these small caps could really uh be setting up for right now i mean even even so far uh sitting under some of these levels. Here quite powerful uh, in my opinion, in terms of being able to go by the dip. So, okay take another look here: btc on the min chart, uh we're going to retest here we're going to retest that 44 level right now on btc matterport uh matterport on the one min trying to go pause again here really trying to keep the excitement going.

S p, doesn't care, so much looks like it's going to play flat over here on tesla one point: there we go look at tesla tesla's, moving up again, uh now breaking it at about 1081.. So very nice. The uh thing about tesla. That uh has been very interesting.

Uh is uh, you know, apparently uh. The open interest on on options ending january has has really been running in nine days. Uh. I have not been tracking it, so i i don't know the relative open interest, but if i go to approximately where the money is right here see if uh there we go.

Okay, open interest loading. Look at this folks: 22 000 contracts for uh the 21st at 1100., so uh a lot of interest there on uh tesla, maybe getting to that 1100 level. Uh next level, here, that's pretty popular, seems to be 10.50 on tesla uh. That's that's interesting! Uh! Uh! 23.

000., you've almost got as many at 11 now you've got as many at 1100 as you do: 1000 jeez. Okay. So, let's see if the suits have mentioned anything else, uh, let's give uh in the meantime, cnbc a brief list in here. What do we got over here and then uh eight dollars and fifty cents a year from now? That's the number that's gon na unfold.

The stock is going higher. Textron makes both commercial aviation, it sells bell helicopters, it makes private uh components and i think uh scott runs a great job. There um 225 million, then there's a little tiny company in connecticut called command k-a-m-a-n with a new ceo he's doing a much better job of allocating capital that stocks 43, and i think you got a 50 percent of two and a year and a half all right. All right so uh yeah, i mean market mostly, doesn't have anything to say here.

Uh it. It really uh really seems like uh uh. Oh i mean, i suppose it. It makes sense.

Okay, here's here's! One of the things that's been talked about now is: is that this really solidifies the case, it's kind of like the nail in the coffin for the fed raising rates in uh in, what's it called march, not in january, because we're still going to be tapering in January, if we had some sort of freak out of an inflation report - and this is why you might see more green today in the market uh if we had some kind of freak out in the market today, uh in terms of uh. Well, if inflation came in really high, then the market would have freaked out uh. If we had that, then it's always possible federal reserve could have raised rates sooner right. The federal reserve is not bound to raising rates only during meetings.

They can have emergency sessions and just say: that's it inflation's out of control. We can raise it dramatically today, they're not really saying that they're making it clear that inflation is important, but they're not freaking out uh to the point where they're having emergency sessions and raising rates, they did write a terribly bearish uh or had a terribly bearish meeting. Last month, but really just uh on the course that we've been familiar with now so uh. Let's see here us consumer price data for december, the beat of republican criticism has begun.

Yep no kidding uh. That is what we saw as well. Dining out was more expensive. The index for food away from home rose six percent in 2021., um all right, so uh, but anyway yeah this.

This reiterates the federal reserve raising rates in march. Uh traders find reasons to stay calm after cpi print yep. All right so suits appear decently. Happy here.

Looking for uh opportunities, you know what something that's very very interesting is how many stocks broke their floors. Remember the floors that we always used to talk about. Look at this lemonade, uh lemonade. The floor was 40..

Okay, it's at 39 right now and it went all the way down to 34. Just a couple days ago, docusign the floor was 140 and it's it went down to 126 on monday. Remember how bloody freaking monday was. Oh, oh, there was so much fear on monday.

So far i had a floor of 14. Freaking thing went down to 12 and 18 cents on monday or sorry, 12 and 82 cents on monday broke the floor, so many things broke the floor and that was really a sign of over bearishness beyond meat went to 58 that day uh from its floor of 62 to 65. cloudflare. Listen! This one cloudflare had a floor of 129., look at what it did folks.

It went down to a hundred this. That shows you where the excess pain is, and, in my opinion, if you're looking to buy the dip, if you could still buy stuff, that's under the floor. This may be not a horrible idea, cloudflare's still being under the floor. Uh so was end phase end face had a debris floor at 180..

Uh see that the floor was really here. What we did is we. We took the uh december numbers and identifying a floor in the pain that we saw in december and, of course, something that would correspond from prior months as well on the day chart and we just broke right through those floors. And that was a very, very bearish signal, same thing for robinhood.

You know that these prices are still dirt cheap. Folks, robin hood was had an 18 floor. It's at 1641 now went down to 14.75, so almost all of these that had floors have substantially broken them. Very, very, very bearish and in my opinion, that that sets us up for some uh, some very good optimism going forward.

So this is matterport at 1639, 1640ish uh it had a floor of 21 to 22.. Pelaton peloton never really found its floor, but uh peloton's another one that that just kept going down down down down down at 31. We were initially trying to track it around that 40 range. Carnival cruise lines is above the floor.

It's one of those that really recovered. Now this gives you an example of of why those floor numbers are so good because if you look at carnival here, we broke that floor of 1780, which i actually don't have lined here, but 1780 was was a brief floor that we had we broke. That here went down to 1632 and and some other pain over here in the middle of december. Those were really bad times, so the floors, in my opinion, are great opportunities to respect for for, buy ops.

Uh, look at uh look at paypal here. Paypal had a floor of 180 sitting in about 187 right now, a firm had a floor of 92 after that uh consumer financial protection, bureau, letter and uh drama. Here you are down to 81 whoo toast had a floor of 30.. It's basically sitting at 30.

Now went down to 25.95, a arc g had a floor of 58. Things at 55 went as low as 51.69 uh draft a couple more of these draftkings here draftkings uh went uh had a floor of 26., it's at 26.94 right now and zoom at a floor of 175, and it went down to 164 right now. It's looking at its backup floor. So when you're seeing some of these floor prices get break uh or broken, i i really think you've got a um uh.

You you've got a beautiful opportunity to go shopping, uh and i know people think that's maddening uh. Some do mostly the bears. You know the bears. The bears are really loud in the comment section on red days like monday and and they're they're, really the haters.

So a lot of them. They they're like at least the bulls, aren't mean yeah but uh. Let's take a look at uh what i really want to watch that 10 year, because that 10 years everything today - okay, uh, 10 uh two year, 85 or 89.5, it's kind of ticked up slightly again there uh! Oh that's on the two-year tenure actually rotated down. Again.

Look at that uh now down to 1.713. We started at about 1.75 this morning and again rotating down here on uh on the 10-year so uh. This is very good for the indices. You'll see nasdaq futures technology is doing the best here up 0.7 dow and s p, each up over a quarter here, 0.29.39 respectively and let's see if btc ended up breaking us 44k, we were really testing it.

Nope again could not break that 44k. So this is setting up for our next really frontier here uh and it's gon na take uh, tex tech stocks rallying here. Uh. Remember that uh bitcoin has not become or proven to be, a very good inflation hedge, despite expectation, oh listen to this domino ceo.

We don't see inflation slowing down, let's see what he's complaining about all right, so that's not used cars. That's the fear of this getting more entrenched right. I mean this. Is it this is okay, i guess we we missed what the uh commentary was, but we saw it there.

Let me see if i could just find it though uh yeah, i see it. I see it here. We go hold on a sec. Let's listen into this! For a moment, this could be interesting.

Let's see what they're saying and it's sarah david they'll figure out a way to keep the margin uh wrong. One hold on 2022 relative to 2021 and we also see continued wage inflation across the marketplace as well as we look forward this year. So how are you dealing with that, especially for a domino's which is so known for the promos and the deals that make it so appealing for people to to get delivery and take out what what you add to the 799, for instance, takeout package? I know with the wings: how do you adjust for something like inflation, with those rising costs? Yeah? Well, as as a starting point, sarah, you know we come into this with very strong unit level economics across our business. You know i was just thinking to myself.

You know what i should have said it. You know what i was thinking to myself. This guy is going to come on here as soon as he as soon as i saw the plaid suit, and i don't know why. But i saw the plaid suit and i'm like this guy is going to sell us the narrative of guess what words or guess what folks pricing power.

Why look at the stock? The stock has recently been falling. You could see it there on the right side, see how it's dropping. So you go on cnbc you, you take the tie off and you put on the plaid suit because you know what it's time to make sure the markets know. We have pricing power, we're going to raise prices and consumers are going to keep paying them and we're going to keep our margins strong, because inflation ain't going anywhere.

That's my that's kind of how i'm feeling and that's roughly what he's saying right here right now, the the the fantastic work that our franchisees and operators do each and every day. So, while these cost increases are certainly uh tough to absorb, we come from a great starting point with terrific economics and then, as we think, about how we manage through it, there's a couple of different levers that we have to pull. You know certainly pricing. You know on the top line and we will we are taking some pricing actions.

You know this year relative to our national offers and and our franchisees see. How are we gon na deal with this? Oh well, we're coming from a great place of economics. We're gon na, certainly adjust the top-line pricing come on. Folks, he's selling the stock he's not going on cnbc to educate you about inflation, he's going on cnbc to sell you on domino's stock.

Look because this is what it's been doing. It went from 567 down to 482 here and just literally this year, uh, you know the last. The last week has been bad he's. Probably you know, his handlers are probably like.

We got ta get this guy on cnbc. Oh, my gosh um, it's it's it's funny uh, but that's see. I think - and this is something to know, because a lot of people forget this when a lot of people listen to earnings, calls and uh, they get so excited about uh the the earnings calls because they listen to the ceo speak and they forget that every single Earnings call is a freaking sales pitch y'all uh, another thing gosh, you know we're giving away all the secrets every another thing we talk. I mean it's not like it's.

A big secret are plenty of other things not to learn but uh. It's so easy to forget that, and this is one of the things we talk about in the stocks in psychology. Money group do do not get enamored by earnings reports. Your job, when you read earnings reports when you read earnings transcripts when you listen to these executives, is to look through the bull crop because they are feeding you a load of bull to try to pump the stock because guess what? When the stock gets? Juiced, the employees are happy, it's easier to do deal acquisitions, you get a bigger bonus, come on man.

That's what everybody cares about stocks go up, that's that's what they want anyway, i'm done listening to the dominoes guy. Oh he's got to make you feel like they're. Having a oh, you know, we we got so much work to do. Oh yeah, look at what wait.

Wait! Look what it says on the right. I just noticed this wait, a a minute wait, a minute that is funny reducing number of chicken wings offered from 10 to 8.. Let's go show you that shrink-flation, that's it two less chicken wings for you and we can get away with it because we have pricing power. I'm telling you he's not on cnbc to get you to pick up the phone and go order.

Your chicken bowl he's getting you to buy the stock because they've been having a rough time. Oh, what a joke! Oh geez! It's a mess! That's why we call it stocks in psychology of money uh anyway. So then we got uh. Let's see rocket, launch 6.2.

Okay! So some of the smaller caps moving here, uh hippo moving up 5.62 neo - is continuing to do decently. Here four percent alibaba knocking on the door four percent as well uh a firm three percent to the upside. So we got some some decent moves here. Roku lemonade shift technologies.

Some nice moves here. Tesla 177, coming up on two percent on tesla, not bad as well zooming in here on uh tesla, tesla, yup, yup uh at the highest levels we've seen so far for tesla uh intra pre-market. I don't know if you could say that, but i will uh. The s.

P is almost as high as it was after the initial euphoria of the inflation report, which which i know that sounds wild to say the initial euphoria. If i showed it what it is, it's a relief, it's a relief that it's not worse, uh than expected. Oh here you go. I you know i i know that look.

A lot of people on the right side are very, very happy that we're not going to do the buy uh build back better plan, at least for the time being right. Uh uh, but you got ta, feel bad for the fact that, like imagine just imagine like put yourself in these shoes, imagine you you win the presidency and then you barely eke out the number of seats that you need to have control in congress for just two Freaking years to get stuff done, and then you get joe manchin who's like no, no, we ain't doing anything because inflation's too high, like again politics aside, whether you like that or don't like that, aside uh. If that sucks, you, like you, you got ta, feel bad for for providing to some degree again whether you like them or not. It's just like.

Oh my gosh, that's like worst case scenario uh. I, i honestly think that's gon na hurt his re-election chances substantially. Uh. You know, i don't necessarily think that the joe manchin thing is his fault.

Uh democrats in total could have done better right. They didn't get a bigger margin. So, to some degree you could still blame the democratic party for for not having gotten more seats, but anyway uh. I i bring this up because it says here it's hard to see joe manchin who's been holding up his democratic colleagues buildback better plan changing his track.

Based on this recent report, he has argued that surging inflation cries out for more discipline, yeah, exactly uh yep yep lots of uh. Let's go brandon in the chat here, take it out of oil subsidies. Oh my gosh you're terrible! Some of these are bad uh. Let's see here, this don't feel bad at all.

Well, i was expecting some people to say that uh okay, some of these things - i i can't read out loud uh but anyway uh - do. I think that midterms will help companies like trade desk yeah. Look the political political campaigns are uh are always are always a big advertising play. I don't know how much of that is priced in it.

It depends if we're going more digital than ever before. I would always argue yes, as i i'm a big fan of advertising. Somebody asked me if i sold out completely of google uh, because i i mentioned. Let me see, let me see what i have left of google uh google.

I have that spreadsheet here. Oh no, i still have about 500k left in google. That's down from uh. That's probably down about, i don't really remember where it was.

I think it was like 1.3 or something like that. So i sold like 700k at google and i used that to buy the dip on on some of the other things that were on fire, uh and so far that that's been working out quite well, actually including trade desk to some degree. But those are the only thing remember. Every single time i buy or sell something uh is is a move that i make that i expect is going to make money in the longer term.

Uh does not mean i'm right doesn't come with a guarantee, unfortunately, but the goal is uh to be right, a lot more than wrong and if you want every single buy, sell, alert uh every time i trade make sure to check that out. Uh in the links down below uh for the course on stocks and psychology of money, you know that's another thing. It's funny like somebody left a comment. They're, like oh, my gosh kevin the person who bought lemonade or no, it was peloton at a hundred dollars and uh.

And then you know they left the snide comment, because it's like 30 35 or whatever it is now and then i was really happy and it was really proud because the first reply was yeah and he also sold it for 120.. It's like, i think that was a little generous. I think it's all for like 113 or something like that uh, but i did buy. I bought it like 103., i bought at uh at 79 when the lawsuit came uh and the thing ran up to 120.

124. 125 started rotating back down. That's when i started seeing the fundamentals change, that's all of a sudden where uh, oh, they dropped the price of the peloton bikes and all the red flags started coming out in the social channels in terms of uh trend, searches, uh website activity and uh. I completely closed out of that position, profitably and uh and then so some people were like how come you know.

I didn't know: well we're part of the college money group. I guess um, but anyway uh yeah, you you got. You got to pay attention to the stocks they they move uh, sometimes for reasons unrelated to the actual companies, like, i personally think a lot of the overselling that we're seeing right now in small caps isn't because the companies aren't doing well. Like don't get me wrong.

I don't invest in uh in tattoo chef, for example. I know a lot of people who watch the channel do well and i don't think it's a terrible company to invest in but uh. I don't believe that it's selling off from i don't know. What is this thing at uh? I don't believe it's selling off from the 24 to 18 range, all the way down to now, 1346 or 1436.

I don't believe this sell-off is because the company is now fundamentally doing something wrong. I think it's because it's the butt of the shorts uh, you know it's. What shorts are using or hedgies are using to to insulate themselves, because it's easy to do right now. Retail buyers are missing.

Folks, retail is out of money, retail's not paying attention to the small caps right now, so it makes a perfect opportunity for the hedge funds to short them, because the last thing, the short the hedge funds want, is another game, stop or amc happening. So they go short where retail is not uh, let's see so the new course. The path to building wealth will have access to the live streams in about two weeks, but not the trading alerts. The trade alerts are are solely based on uh or for the stocks and psychology money group.

The path course is really different: that's combining uh, you know real estate stocks, uh education and opportunities for for career advancement and really building your wealth, combining everything and applying it to scenarios uh. You know so that the idea is to to create 32 to 64. Maybe even more scenarios and and go deep on different uh individual scenarios. We won't name people specifically because we, you know, we can't give specific financial advice for folks, but uh we're gon na try to hit every scenario that exists out there for uh for this, but anyway, let's do a little bit of short looking here.

Let's see if we have any kind of uh movement or inflection point in the short interest rate, uh corsair is down over the last month, approximately here uh down from a high of about 32 percent short down to 27.5 percent short. So a little bit of softening there on the interest and shorting same thing over here at uh, tattooed chef, you're down about 1.5 percent to 32 and a half roughly uh 29.68 on shift technologies. Uh nkla nicola corp nicolas actually been running in the short interest. You've.

Actually gone from 24 to about 26., let's look at how kathy's doing is kathy's still getting shorted. The answer is: uh we're starting to see a decline. Folks we're starting to see a decline in shorts, omg uh, the hedges are, are pulling back yeah. Oh my gosh.

Look at this 38 down to 34 on lemonade. That's a four percent decline, just about a 12 decline in the short interest number. This is interesting, we're starting to see a little bit of a decline in some of the shorts uh that that's a very good setup. Now so far has actually run from about 9.3 to 11.65, so so far is actually up.

I don't get give me some more tickle ticker tickles, oh my gosh, oh my gosh. I need more coffee. You give me some more tickers here and we'll look at some more uh matterport only 8.63. I'm surprised uh, probably because of the metaverse people are like.

Oh hell, no, i'm shorting something that could metaverse run. It's kind of smart do not short something that could run uh unless you got like balls of steel uh like lucid 18. Those shorts have been increasing. That doesn't surprise me because we know they're gon na screw up on deliveries, but then again, how much is that already being priced in? Is the question 1.55 on paypal? It's like a talent here.

Yeah just join the course for more tickles. Oh god uh! No! That's! That's the only fans, uh smile direct is up at about 28 percent ooh a firm. You know a firm, never had a very high short interest rate. It's uh it's at six point: six, seven percent.

It has gone up, though voozi uh 25.75, that one's gone up, um, neo, uh, uh neo - is very low as well 4.1 percent. Here i thought we already did tattooed uh yeah. We did 32 32.35 yeah ooh charge point yeah. Some of these we've already done.

You just rewind the video and see them ah get out of there. There we go charge points at 13.41 up from about 9.3, so we definitely seen a movement ds come on you're trying to get me to look up like these nuts uh sorry fuv see. Now now you got me screwing this up, uh arkamoto, 35 arcimoto up substantially actually from 31.8 to 35. That's that's a good one! Uh uh yeah! Sometimes i know when people are screwing with me with the tickers like like when people donate, and they tell me to look up this really hot new innovative company, a small company operating out of a small building, but really really innovative up and coming uh like uh Pterodyne, international or yeah good one silencer, all right, i'm gon na do one more.

I'm gon na stop here. Kevin's sleep, deprived nah. If this is me on four hours a night, then what's five hours a night like uh all right, let's see here what what do we got on the spy? We're done we're done, i'm gon na patent pending there, you go uh aerodyne that aerodyne, what whatever i it's been so long since i've watched that darn thing wall street. That was fun, though um shout out to jordan, belford uh.

If you didn't know, he actually had a podcast uh and i was on it uh gosh. Now that's uh. Two years ago, two two and a half years ago, wow jordan belfort that's kind of cool anyway, um, okay cool. So what are we doing? We got eight minutes to go here.

Folks, come on man. Give me give me something to talk about here, all right. Let's look at darden. Why is? Why is darden down eight percent uh because the breads okay, you know what drives me nuts about all you can eat, and this is just a rant.

While i pull up uh darden what what drives me nuts about all you can eat like when you go to red robin it's like. Oh, you get all-you-can-eat french fries or you go to a olive garden. It's like! Oh all, you can eat breadsticks and salad. It's not all you can eat, you know it's absolutely, not all you can eat.

Why is it not all you can eat because you are choke pointed you are bottlenecked worse than the supply chains by the servers. If the server don't come around you ain't, getting bottomless. Crap um, alright. So what do we got here? Garden? Restaurants, uh.

I actually don't see any news: uh. Oh restaurant, downtown, eaterism, uh, no yeah uh, just uh some an update from a couple days ago about high labor inflation remains uh. Basically, the the struggle of trying to find employees and they're seeing more turnover for new hires, but they they did mention that high protein prices are starting to come down. We actually saw that on the inflation report this morning that beef prices were starting to come down substantially and uh.

You know like four percent on the month over month, which is which is uh, uh, crazy, uh and uh yeah. That's interesting that that olive garden is also picking up on that that the high protein prices are coming down. That's good! That's good! Uh kevin starts his day, like the wolf did the opening scene - oh man, now now i got to know what the opening scene is. We got ta look at bonds too, though.

Oh man come on off wall street opening scene uh. Oh no, i don't know i'm gon na demonetize. If i play too much of it here, what is this hold on and queens for a month? Okay, mr jordan, i take quaaludes 10 to 15 times a day for my back pain, adderall. Okay, we are not playing more of this.

Oh that's terrible, uh nah that ain't me uh; okay, so jeez uh, all right, yeah, uh, all right! So 10-year 1.718 uh. This is pretty stable. Now two-year two-year also rotating down a little bit 0.8901 noah allen says institutions are piling into pound here. I i oops.

I don't know about that. Uh, let's see here um, you know i mean under 17. Don't get me wrong, but the volume are we seeing like an increase in volume here, cell volume, yeah, oh well, oops, all right! So all right! Folks, four minutes for the open. Let's go what we got! Let's see those i want to see.

I want to see what happens here. I'm excited uh, so we got dow sitting at uh. 0.29 s, p, 0.4, nasdaq, 0.71. What's uh, what's a headline other than the nonsense, we've already looked at central banks, inflation bets come due in 2022.

Yep we'll see what happens. This year, gon na be fun. Oh, this is so ridiculous. Are you serious come on dude get over it.

Uh boris johnson apologizes admits he attended party during lockdown. Okay get over it. People are human. America's electric vehicle selection is about to get wider.

Don't matter, let's see here, china's crackdown leaves the world's biggest gaming hub at the risk operators in macau. That's probably why wynn has been somewhat suffering as well uh. No, i i know people are really upset over the the whole boris johnson thing i get it. You got uh, especially especially since you had the one lady uh uh jeez.

Are we live yet this is. This is off the record right, uh talking about uh uh, basically how much alcohol they were having at their parties, uh it's um and then and then resigns afterwards, but uh. It's just look. I mean uh, the pandemics warn on everyone.

Uh!.