Well, folks, the opportunity to go shopping continues to hang out here uh. It is uh, quite incredible. The the market that we're facing right now, a lot of talk about, put options in this market and uh. I usually love when more and more discussions come up about uh, shorting or people selling uh.

If because sometimes it can almost indicate a little bit of an approach to a bottom, especially when you have more and more questions or commentary that comes up about uh uh. Oh i'm going to take a somebody says, for example, i'm going to take a 20 loss on something. That's it i'm just going to hang out on the sidelines. Sometimes these could be the perfect opportunities to signal.

Okay - maybe maybe that means it's potentially uh time to buy now, uh something that was misunderstood from earlier this morning. There were some comments about this uh and it was complete uh. Sometimes i think people just are looking for things to hate on, because they're uh they're unwilling to respect uh live commentary. This morning i was talking about how, around september or december 16th, we had written these these floors and what those were were test indicators they weren't actual floors, because we we knew there was a chance.

They could go lower. So we had written these test indicators as a sign of hey. If lemonade goes under 40, your docusign goes under 140 sofa breaks 14.. Those were red flags to us.

Those were actually red flags that would indicate okay. This market is actually not able to hold on to anything, and it was a red flag that the market could actually continue to fall further and we broke a lot of these sort of temporary little scaffolds, we'll call them rather than floors. A lot of those were broken by about the first week of january, which, what's scary about that - is it kind of set up the market to keep falling. So, in my opinion, those were really a leading indicator for more pain coming in the market, and i think they'll also be an indicator for our eventual rotation back out once we start breaking those prices to the upside.

Again, though, uh though it'll probably be a while just because the market is so sensitive uh and, in my opinion quite over responding to this fear of a federal reserve tightening cycle, i think that's because the narrative has been spun for too long that the federal reserve Has propped up the stock market which, to some degree it has but uh? What we're seeing now is is just an egregious uh overselling, but uh that can beget opportunities and those are the sorts of opportunities we see. We were talking a lot about different strategies for hedging in the live stream. This morning put options a balanced way to potentially look at, puts pricing out where, where there might be better deals versus worse deals, so if you haven't yet caught up on the course member live stream, you can always watch that after uh, this live play. It back on 2x and you'll get caught up so uh take a look at some movers today.

Interestingly, you've got some big momentum movement in dwack today, and you can often get this out of simply pure momentum that, when the entire broader market is selling off, you see dwack, for example, this morning up three four percent, and then this herd mentality of uh, squeezing Something like drag up even more uh. You know it is honestly a large irony that uh companies with true value uh, whether that's in the fintech space or in the energy space in the solar space or the electric vehicle space or the banking space, whatever companies with true value, actual book value and and Real products can sell down as much as they're selling down today cyber security firms uh with with yes higher valuations, but phenomenal investments into the future growth of their companies. These sorts of companies can sell down uh anywhere between three to ten percent today and then you've got something like dwack just to punch you in the face and go ba, but this one's up 25. It's kind of funny uh it kind of comical and i think a uh.

A potential danger is letting that skew uh an investing outlook now still wanting to stay away from a lot of the small caps that are really having trouble breaking out of some of these pain cycles, uh and uh. This is why even something like sofi continues to rotate down. I mean look at this so far now down at 7.7 percent to the downside, it's sitting at just at 12 and 18 cents. I mean an incredible amount of pain over in the fintech space uh fintech trading revenues everything's just going into the toilet uh getting substantially worse at the moment.

Sadly, uh smile direct is gon na break two dollars here. I wonder if we've actually already broken two dollars. Let's take a look, you know not quite yet two dollars and two cents is where uh smile, direct is rotated down to you've, got uh expi. Look at this folks, 7.19 percent of the outside loose it down.

Seven percent uh. I mean a lot of broad-based pain here, lemonade, dave and buster's doesn't matter if it's recovery doesn't matter if it's a small cap doesn't matter if it's cyber security, it's it's everything's down now uh somewhere between four and eight percent, a lot of pain. Again, more and more broad-based selling there doesn't. One of this is something important to remember is there does not have to be a a short-term end to this this morning, in the course member live which, if you're interested by the way and uh in these extra sort of lectures on how to behave and sort Of this sort of market uh do control, consider the links down below for the programs, i'm building your wealth, there's a coupon code that does expire on my birthday, which is coming up in uh now 10 days, which is super exciting.

A path course will also be released by the end of the month, which is super exciting but uh anyway. Yeah you've got this broad-based, uh, substantial pain and uh, and certainly the shorter term put contracts are the ones winning right now uh similar to what we talked about this morning. But the opportunity for for shopping, in my opinion, has not been this good in a very very long time compared to what we've seen really over the last couple years. I mean, let's just pick a few choice - stocks here and compare to what we've seen really over the last couple years.

So uh. For example, let's go with sunrun, let's compare sunrun how? How long has it been since we've had these prices, so sun run at 29 and 20 cents has not seen these prices since folks the summer of 2020.? That's incredible! In fact, i'm going to make a a little list here and i'm gon na say summer 2020 and prior okay, that's what we're gon na look for, so it's almost like, potentially creating a basket of summer 2020 and prior and so that's going to be sun run. So i'm just going to write down run, hit, run like run away from the market. Then we've got let's see here thanks.

Thank you. Next yeah, let's comp. Let's look briefly at dis as well. Some stay at home activity could be in dis thanks to uh their streaming service.

Now we saw this low pricing at the end of november, but uh otherwise we're really more towards the winter of 2020. roku. On the other hand, though, uh at 164 we're at summer of 2020 pricing on roku, so let's write down roku. I believe that also means we're going to see ark sitting at the summer of 2020..

Take a peek that's ar. Let's try again arc. Our pricing is summer of 2020. wow.

Look at how we are evaporating gains of essentially the last couple years on some of these companies really really mind-blowing. So we go back on draftkings we're going to go back here to look at that folks. The summer of 2020. d, k, n g uh nvidia, should be nowhere near the summer of 2020..

Oh yeah, no nvidia is just done phenomenally carnival cruise lines up from some of its levels. Here. Let's look at neo. Neo is really sitting around october of 2020 pricing.

So i can't really say summer on this one: how about beyond me that should be uh whoa beyond meat is actually relatively close to spring of 2020 pricing. Oh my gosh. Let's write that down beyond wow. That's wild boeing, ooh! That's a good question: let's see how boeing is yeah, we could basically look at uh kathy woodstocks, boeing's doing fine uh.

What are some other kathy woodstocks? Let's go t dock here. Tdoc 75 brings you right back to uh golly yeah, absolutely prior to uh summer of 2020., so tdoc getting smoked. Let's try, zoom zoom video 158 uh. Definitely uh still up over the past few years here, but probably yup brings us back to about the summer of 2020.

wow zm, another kathy, woodstock uh. How about domino's dominoes should be up since then substantially oh yeah, okay, so yeah 465 domino's up, we know tesla's up chipotle how's chipotle been doing chipotle was summer of 2020 was sitting more around eleven hundred dollars so that one's okay, let's see first solar. It's a canadian company, 80 bucks, um yeah. We could roughly throw them in f s: l, r, f s, l r, how about n phase n phase is up nicely since summer of 2020, so is restoration hardware jpmorgan? How about snap? Let's look at snap.

Snap has brought us back to about the election time frame of 2020 trade desk still up nicely. Pallent here wasn't public. Then, when did palumpteria go public? Oh yeah, okay, roughly about the summer of 2020, but it was it's not lower than what it was. Then what else? Hmm? We got a good little list here: dropbox 24 bucks.

I've never really wanted to buy dropbox yeah i mean it's, it's actually not lower than what we had then hmm dick's sporting goods, tattooed chef thanks mother, tattoo chef, went public by us back after etsy etsy's over it's an interesting list that we actually have. Let's look at when so winds at about 90 and you could really see in the summer. It was at about 69 level very, very frequently for win. Let's do maybe a few more and then we'll go see what other coverage we have so target targets way up target sound great nike.

Let's take a quick peek at nike here, 146. nope still doing good adobe adobe should be doing fine as well. Despite the uh sell-off here, 455, actually we're kind of getting there kind of rotating back at 5.50. We're really just evaporating the last couple years of gains in the stock market and just revisiting some of the uh.

The pain that we had really in the summer and and spring of 2020. and it sort of begs the question like: can we go lower than that? I mean in theory yes uh, but just just a while to even think about how uh how much time could be eradicated. It's like a crowdstrike paypal, visa yeah, we'll look at those as well. No, not quite on crowdstrike.

Let's try visa is amazon back at its summer levels. Let's see here: visa yeah yeah, you know what visa somewhere around there as well visa. Let's look at amazon, okay, we're sitting here at about 31 36 yup yup amazon's done virtually nothing a.m, which is so incredible because it's been such a phenomenal phenomenal company jp morgan. Really, let me see here, jpm jpm, for summer of 20, no no nope summer of 2020 jpm was a lot lower.

That's what i thought. Let's look at a firm quickly was the firm public, then no a firm, wasn't public, then very volatile stock anyway, uh yeah. That is that's an incredible incredible mix of companies that have rotated to the downside, uh to essentially summer of 2020 levels, uh, we'll look at maybe a couple more here as they come up autodesk and then we'll get into the news square. Let's look at square and paypal: oh yeah squares there and let's try paypal, yup square and paypal square paypal.

How about docusign docusign 125. yup doc, you jeez! How about salesforce 225. yeah, i mean august - is 2 25, that's technically summer. So i'll put down crm.

The biden stock refund - that's good, that's funny, dude! Oh, that's bad, but also funny. Let's go back to the summer of 2020 before biden was elected, oh well, uh yeah. I mean, according to this list, that that's approximately the timing uh. How about ubiquity how's ubiquity been looking holding up ui tweets, how it's actually not been doing that bad? If you think about it, it's really held on to that 300 level, just rubber banding around it uh.

Quite incredible. I mean it's done a lot better than some of the others how about s edge in the solar space, the last one we look at, but really what a what a giant reset yeah um 225 239 - not quite summer. So i can't really throw this one down. Close though uh golly, that is yeah, that's quite painful, and then, of course, you have a lot of spacks, whether that's matterport or lucid or or recent ipos, like roblox or robinhood, or whatever these, of course not uh anytime uh weren't around in the summer of 2022 Or sorry summer of 2020, but uh i'll just recap that list really quick run: roku arcade draftkings beyond meet tdoc zoom; first, solar visa amazon square paypal, docusign salesforce, all back to summer of 2022 pricing or prior wow wow wow pain, pain, pain.

Let's take a look at tesla, wow tesla was green earlier today and is now back to two percent to the downside. Let's take a look at that daydream. Oh yeah, look at that nice draw down here into the close, looks like your. Your best deals might be here towards the end of the day.

Again, as we get a potential sell-off uh into the close, backed holdings actually trying to rotate up a little bit into the close, that usually only happens if btc is moving up. Nope not really seeing that how about dwack dwack holding on nicely and you've actually got tattoo chef up about three percent here: activision, of course, on merger news or acquisition news, rather not so much larger and all right. Let's go ahead and take a look at what we've got for yields and what else is going on okay, and that is not what i'm expecting there. We go.

Let's see what the headliners are. Let's go, why? Why is this not loading yeah? You know it must be hard for a mac to run cnbc with how red everything is, so it just dies. Yellow there there we go. Oh, i ruined it, clicked it too fast all right.

So, look at that uh russell 2000 leading losses down about two and a half. No i'm sorry! Actually, uh technology is down 2.5 percent russell right behind a 2.48 s, p down 1.86 dow's down about 1.56 bonds, uh, oh the 10. I think the 10 year's, probably honestly gon na, run to two percent pretty quickly and uh, maybe once it runs to two percent. We we end up getting a little bit of a slowdown and the uh the drama of pricing, and these higher rates starts you turning, but for the time being, we could continue to see quite a bit of pain and i think that's exactly what we're we're seeing Here so a 10-year bond at 1.873, my goodness the two-year is now at 1.045 wow uh, i'm gon na go, try to grab quickly the curve between the two yeah that'll just take a second to grab, so we could listen to anastasia for a second.

If we wanted to in the meantime, let's do that for a second here, but it's the high flying tech shares that needed to correct and when i look at price to sales ratio for some of those really high flying multiple tech shares, they already see those multiples. Come in in some cases, 50 or so so i do think that what's starting to emerge is a better uh, better level of what's priced in but again we need to have a positive catalyst emerge here and so far they've had the fed has been hawkish and It's let the market extrapolate even maybe more hawkishness, and until they change that, i think we can see some volatility here, not getting a positive catalyst from the banks. Today, goldman sachs, the latest uh to report, it's the biggest drag on the dow down seven percent. Well: okay, um, let's uh, let's see here ten year two, i have no idea where my terminal key is oh there it is.

I was looking for the darn thing and i found it. Okay, no worries: we can get the 10-year minus the two-year from another source, though so that way we save some time. What we're looking for to see is just the the spread between the ten and the two, and we can do that here looks like the last date. We actually have this.

Ah, jan third, i want to get a little bit more of a recent date, though uh of the spread between the ten and the two, so one sec and we'll go ahead and pull that up the the more we flatten the more fearful markets get about a Potential for a recession, but another thing that you can look at too is how inflation expectations are rotating and we can look at those by looking at the 10-year break evens or even the five-year break-evens, and so we'll look at those in just a second okay. Here we go, we've got about eight minutes to go until the market closes okay. So let's just do a quick google together here, while this loads, let's go for five year, break even see if white charts is updated to today. So today we are that's jan 12.

Yeah see not getting the most up-to-date info on both st louis fred and y charts, no problem i'll get them from the back. Okay. Five year break even five year now that it's up five year break even uh, and this will really show us some inflation expectations. And so we can see.

Is this pressure really just coming because of fed tightening? Or is it really because the bond market's pricing in inflation fears and the answer right now appears to be that the five year break even isn't actually really rotating up that much? If i go back over the last six months, yeah, that's crazy! Okay! Stand by here! We go okay, so shout out to bloomberg for the chart, but take a look at this. This is september over oops. This is september over here, and so we had peak inflationary fears right here coming out of delta. You can really see delta push.

Your inflationary concerns up here, but despite these yields, skyrocketing right now we're not actually seeing the break-even rates rotate up uh, which is a sign that the that inflation isn't really driving the fear that we're seeing in this market uh it's it's um, potentially also a signal That that the markets are just overreacting to federal, reserve, behavior uh but uh by by no means are we not um? Are we not seeing pain in the market? We definitely are see how things are going into the clothes, but that that to me is always something worth paying attention to is, while yields are rising, if anything, they're they're, almost rising in this parabolic manner, right now, uh. How are other things reacting in the market that would generally react and negatively like the break evens and we're actually not seeing breakevens move at all and that's weird. Let me just confirm that we have that updated pricing. As of today, uh yeah.

We do january 18th. Virtually no movement on the break evens a breakevens by the way, is taking the yield and subtracting uh tips. Uh and the difference since tips have generally been negative. The difference is your breakeven rate and, generally the more inflation fears we get.

The higher the break-even rate goes, which again, we haven't really seen. Okay, let's see so uh cardano, really giving up a lot of its enthusiasm right now, after some of the hype cycle that we saw over the weekend, looks like microvision wow, it's under three dollars and fifty cents for microvision. That is just incredible nicola under nine dollars and 22 cents. Folks sofi is almost under 12 dollars.

So if i just bounce at 1203, i mean you've got oil. Going up, you've got bond yields going up, you've got more fear in the stock market, leading to more fear and more selling. Yet the reality is, inflation, fears aren't actually going up and so underlying the market's actually quite strong. Well, maybe not the market, but the economy.

Less inflationary fear uh, you know potentially slightened weak in gdp, but still gdp growth from omicron uh, hoping that omicron comes to an end and that omicron becomes endemic but uh boy, oh boy, what? What uh? What a sell-off here from markets? So - and this is certainly that kind of market where, when you buy the dip, it just feels like you're putting money into a fire pit uh, and then that is what it often feels like in what oftentimes turns out to be some of the best times to Buy it's just difficult to time that uh er perfectly you could get close, though, and that's always. The best case scenario is that when markets are feeling euphoric you're holding on to your cash right, these are the things that we talk about daily in the stocks and psychology money uh course. Member live streams. We do uh when times are euphoric, we hold cash.

We don't buy, uh, sell uh, we take profits on options and uh and wait be patient and now are the the opportunities to exercise that patience uh. In my opinion, uh, you know it's it's always times when the markets are rotating down, that all the haters come out uh in the comments and like oh yeah, good job buying the dip. It just keeps dipping - and these are folks that generally sit on the sidelines regularly: betting against america, buying gold or or buying uh, nothing sitting on the sidelines because they're too fearful and then all of a sudden the market runs again and it's whoa, you markets. Are you forward? You know uh, it's it's just it's always the sad bears, but that's okay, uh bill ackman.

Another thing that was very interesting. I saw bill ackman coming out about uh. He had something negative to say again and as soon as bill ackman starts talking negatively. I think the guy is shorting the crap out of the market.

Again, i don't believe this guy at all uh. I, i think, he's a total deception sales player. Yeah. Look at this this guy here, okay, he's the same guy that back in march of 2020 was pooping on the market.

Meanwhile, he was shorting the crap out of the market uh, going on tv about how how horrible the market is, how bad everything is and uh, and then, meanwhile, he closes his shorts and buys the dip at the bottom of the market and uh. Here here he is here: he is mr d bag himself uh bill. Ackman says the federal reserve needs shock and awe rate hike in order to restore its credibility. The guy's, a shyster uh federal reserve, needs shocking on a season series of tweets on jan 15th.

The federal reserve could work to restore its credibility with an initial 50-point basis. Point: that's a surprise, move dude! This guy is shorting the crap out of the market he's a scumbag. I i i would place money on this guy shorting, the crap out of the market. Right now, oh my gosh backman said the fed is losing the battle against inflation highest level.

In 40 years i mean now you're just regurgitating generic talking points. You look at the break-evens and this is not actually what's happening. Uh central bank, painful economic consequences, blah blah blah uh. I would love to see this guy's short positions, but when he's coming out bagging on the market, that's a buy signal.

In my opinion, that's crazy! I didn't know he was that ridiculous about it, uh and sure enough. The markets are are experiencing this similar kind of pain uh, with the exception of certain things that we saw in about march of 2020. The only thing missing right now are those circuit breakers. Who remembers those when the indices were going down like seven percent and everything was on fire uh? It was terrible and uh it uh.

It was uh really really a time of drastic fear. Uh continuous sell down, settle down, sell down. I mean really really quite incredible. Anyway, uh, let's take a look at uh the closing bell here we go financials of course, suffering significantly goldman down 7 morgan stanley down 5, despite not having reported earnings yet a false start there for ring the bell and a full start for the trading week.

No doubt about it sharp declines on wall street today down one point: eight percent on the s p, 500, another ugly, and there we go uh, dow jones down one point: five, one percent s p down one point: eight three percent nasdaq down two six russell folks Down 3.06 percent: look at that. It's almost like it crashed into the close they're flying past the nasdaq lots of pain, lots of selling into the clothes. In fact, let's go ahead and look at just the pain going into the clothes here looks like we've got uh yeah a little bit of a draw down here in the s p 500 into the close grabbing. Tesla here also pain into the clothes uh.

You've got uh, you know the same sort of selling in in many of the tech stocks and really it's not limited to just fintechs like sofi or hood. It's not just limited to these. It's broad-based apple tesla. All these guys.

Moving to the downside, apple's still at honestly phenomenal levels, one 169 is still a great place. It's really become almost like a a safety play, a play to go uh where you know worst case scenario. It's down a couple percent big deal. It's nothing like some of the smaller cap plays that have just been getting burned: uh even tesla rotating down today, but uh.

Nothing compared to the smaller companies, which are the short targets or any of those that are lows that we haven't seen since the summer of 2020 or prior, quite incredible, very, very incredible and uh crazy market, so uh, usually on mondays. We don't have. Oh it's tuesday. Oh, we actually might have earnings today.

I thought it was monday hold on a second here. Let's see what we've got for earnings today, yeah, i could call, let's see who reports today um interactive brokers, no, not much today, not much that it reports today. It's still a little early in the earnings season tomorrow hold on here. Let's just make sure i'm looking at after the market yeah.

I am no not much today tomorrow after we've got united airlines thursday after the market, close netflix that'll be a good one. Looking into the consumers yeah and next week is really when we go crazy with earnings, so we'll only have a few earnings this week. A lot of folks really thinking about uh, hoping hoping that technology companies will uh will get bailed out by strong earnings. I think that's uh, that's quite enthusiastic.

We did have goldman sachs this morning, but the banks usually report pre-market and uh. We did have goldman sachs with a substantial decline in sales and uh trading revenue. Uh then expecting potentially some of that drama to uh come on over to uh attack, we'll see but yeah pnc, charles schwab goldman reported this morning. So, okay, folks, well, it's gon na be an interesting earnings season, we'll buckle up for it, but anyway thanks so much for being here, we'll uh see y'all in the next one check out the programs link down below and building your wealth.

You get to join on those private livestreams, see exactly where my head is in my portfolio and folks, we'll see you the next one thanks so much bye.