Hey everyone meet kevin here, big video, with a lot of information about the hottest short stocks right now, where a lot of folks are thinking, we've got some squeezes, getting set up, inventory updates and we got to talk about big catalysts coming up this month and, of Course you already know this probably already know they said at least the biggest price increase into the programs on building your wealth link down below is a coming tomorrow. That means you can still take advantage of the fantastic coupon code that we have down below and then the price will go up again. The largest price increase we've ever had and remember folks, there are people, who've joined it. Two years ago, who've heard this pitch and they're like yeah.

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This is not like percentage of flow, just dollar volume of shorts. Look at this tesla coming in with the highest short position, followed by apple microsoft, amazon, facebook alphabet, basically like the big five in the s: p: 500, the big six and the s p 500. These are the ones that are just getting shorted up the wazoo with massive levels of short interest, at least dollar denominated nominal levels of short interest. If we go to the largest change in short increase in just the last 30 days, it was actually google got the largest 30-day change in short interest and you can see the other big fang names and tesla kind of fall off the list there.

And if we look at as a percentage of short interest, well take a look at these folks. These are the most hated most shorted stocks right here: 45 short interest as a percentage of float uh by another measure sitting at about 31 beyond meat coming in followed by big five city trends. Camping world go, go lemonade and then going down the list. You can see the rest here, but some big ones like uh, monday.com, fisker, bed, bathroom yeah, look at wayfair in here as well.

Wayfair's just been one of those that's been dropping like a total rock total for largest borough fees. So this is the most expensive to short. Look at that 90 percent fee right here to short dwack, followed by some of these others like blink beyond meat, eevee go and lemonade over here coming in with some pretty expensive borrow rates, but nothing as close to a high fee as dwack. That's that's pretty wild! A lot of people uh looking to short that one apparently, but it doesn't necessarily give it a high short interest.

It just means the availability of shores available shares available to be shorted compared to the demand, makes the rate substantially higher all right folks. So the next thing that we have to consider is the potential that there might be a squeeze right, a basket of the most hated stocks in this last week, surged 8.1 percent uh and at the same time we actually saw the s. P 500 see its total short interest decline, and so this is sending a little bit of a signal that oh, we might be setting up for a potential short squeeze if we're seeing the most hated stocks, all of a sudden advance, eight percent in a week and Short interest is going down we're starting to see some short covering and oftentimes when you see short covering at the same time as you don't see, new short positions created. Sometimes you could actually signal a bottom now.

Nobody actually wants to call one, but look i always like to say when we're pulled ten percent below that zero percent phibi line that we've been paying attention to on the qqq. You know the rubber band stretched pretty firmly to the bottom right now, and you know what happens when you let go right. Things go up fast, so i'm excited for this week coming up. Fingers crossed goldman by the way is calling this morning for a peak in the prices of electric vehicle battery materials like lithium and nickel.

They say: there's been too much speculation and too much planned for exponential vehicle demand and therefore people speculating into things like lithium, increasing the price of those substantially, but so much so that we actually expect the prices of these raw materials to plummet. At least goldman. Does hedge funds, by the way have cut their equity exposure now to multi-year lows and their cash holdings are at some of the highest levels they've been at in two decades? So if we start seeing those cash positions, move back into the market could be part of that rubber band snapping back up again, an irony, though, because we've got a lot of catalyst coming up, which we're going to talk about in just a moment is that the More some of these uh catalysts come in strong, the more the fed's going to be interested in continuing to hawk right, but some of the big things that we're paying attention to to potentially signal a weaker consumer or a weaker market has to do with inventories. Let's talk about that, let's talk about catalyst, but of course i want to remind you to check out ftx via the link down below they're, coming out with stock trading soon, which will be pretty epic.

Some folks are already in the beta trial as well, which this now means you're, going to have a brokerage that lets you incorporate trading views ta with stock trading. It's going to be a game changer, it's already a game changer for crypto. If you haven't signed up yet use that link down below click or go to metkevin.com ftx just make sure if you download the app on iphone or android that when you sign up through the app you type in the code, meet kev uh. But that way you can ensure you always get your free crypto when you trade over ten dollars and soon i expect we'll have some stock promotions there as well, but uh hey, stay tuned all right.

Let's talk about inventory, so nvidia up 21 target up 43 walmart up 32 percent macy's up 17 costs go up 26 and no, i don't mean stock prices. I literally mean rising inventory levels. Quarter over quarter, nvidia's inventory literally went up 21 over a quarter. That's in three months, your inventory goes up by 21.

That's that's a sign now. Usually rising. Inventories are a sign of a recession because people are buying less, but it could be a combination of recessionary, fears, less demand and then also this escape from just-in-time inventory. So you remember, if you're assembling a car, the best time for the wheel to show up is when the car is done and you need to slide the wheel on like if you could imagine you're a factory line and all right, you just finished.

You closed the door, car's done, all it needs are the wheels and then you turn the corner and there's the ups person with four wheels for you. It's like oh wow. How convenient that's just in time inventory that's best case scenario, because then you don't have theft and decay. While things are in inventory, you don't actually have to like track these things.

You don't have to warehouse them or store them problem with this has been the pandemic, and now, when you turn around and you're like, where are the wheels? Oh crap, i don't have the wheels and they're stuck on a ship in china and they ain't coming for four weeks. Well, i guess we can't finish these cars, so you park them out in the parking lot and boom. Now now you actually have cars decaying on a parking lot before you can finish the product right. So we've got a lot of people and companies really moving away from this just-in-time inventory, and so that could be one of the reasons we're seeing this buildup we're.

Also seeing buildups because companies are starting to get ready. Ironically already i mean we're just getting to school break but they're already getting ready for back to school and halloween, and that's because they're trying to prevent the same kind of snarls. They had last year, which were just to complete a disaster in terms of uh having the appropriate inventory and running out of products. The average s p 500 company right now has 20 more inventory than it did three years ago.

That's also pretty remarkable because now we're not just comparing quarter over quarter during tough times we're literally looking back to 2019 going. Oh damn, like companies, are really pumping up their inventories, uh to the tune of literally 44.8 billion dollars, uh in just the last two weeks. That's insane 44 billion dollars of inventory in just two weeks. Can you imagine that oh geez and then, of course you do wonder, of course, is that going to lead to the kathy woodian style, deflation and that's quite likely, of course, as target and walmart are already starting to cut their prices, and while macy's is seeing specifically A lot of attention to sort of back to work, apparel and specialty apparel like wedding, apparel and such but then having to cut prices on other things, to try to motivate an increasing or like people putting more things in their shopping.

Cart. So to speak right. So uh, if we want to look at a chart of inventory inventories, excuse me this is also quite fascinating. Take a look at this chart right here, so this is a chart of inventories where and on the right side, you can see the difference of their inventories versus average and so crocs, for example, up 130 in inventory, amazon 77 - and this is over a uh, a Three-Year differential right, so this is not like a quarter to quarter comparison but targets up 61 home depot 53 more inventory.

Anyway. You can kind of look down the list here and see a substantial substantial increase in the amount of inventory across the board. So hopefully it leads to some deflation, which uh that's going to be one of the catalysts that we've got coming up as well, uh which what's also interesting - and this is just a note before we hit the catalyst. I just think it's so weird that, as we're going into like this slowing season, we're actually seeing inventories pile up, but at the same time we're actually seeing advertising slow - and this kind of reminds me about this old joke about, like the college educated person telling their Father, hey, we have this store, you know, that's five miles off the highway and you know we want to make sure we don't go bankrupt dad you know a recession's coming.

You know i learned at college a is coming and uh. You know you should consider cutting back so you're prepared, and so the irony here is that then the father's, like, oh my gosh, my college, educated son, says the recession's coming all right. Well, i'm gon na cancel the advertisement for my billboard on the highway. That tells people to get off here to come to our store and then sure enough.

All of a sudden business dries up and people don't come to the store anymore. Once the signs gone now, that store is no longer ordering products and then all the other people are having the other businesses in the chain are starting to lay off people and having to cut spending, because well that store, isn't isn't getting the sales anymore. So they're not demanding any more from their wholesalers right, uh and then the father's like. Oh my goodness, my college-educated son was right.

A recession is coming and then starts laying off people and then, like the cycle, perpetuates. This is obviously like over simplified and uh. More supposed to be kind of just like a joke and somewhat of a slam of like people predicting recessions right, but uh yeah. I mean like it's ironic that, as inventories are piling up, businesses are not trying to advertise more to just get whatever dollars.

They can because they're kind of turning more inward and thinking okay, no it's time to actually save cash. It's not so great. It's just not a great sign! So watch advertising. I really thought this year.

We would actually see a big boost to advertising, but if companies are going to cut back because of recessionary fears, then that is wrong just straight wrong, all right catalyst. Well, the first catalyst is the expiration of the programs on building your wealth right so make sure to take advantage of that coupon code and uh. The price goes up substantially. It's gon na be the largest price increase we have, and that's mostly because we're releasing a large batch of new lectures in various different courses uh within the next couple of weeks here by uh by about june 16th.

So everybody who's already in gets all that for free. I think that's something really important to remember is, like my programs aren't something where, like i just slap them together and then i never go back to them. No, i always i'm in them every day. I'm thinking.

Okay, what what question keeps coming up? Where can we make a new lecture? Where can we improve i'm a big fan of constantly providing that additional value, and that way too like, if you think, something's missing, you could always say like in our live streams? Hey, i think, something's missing, and then we can always add it in. I think it's a wonderful thing, all right catalyst june 3rd jobs data is going to be the biggest. I think this week we're expecting average hourly earnings to be uh coming in at somewhere around 0.4 month over month. That's 4.8 percent at an annualized speed, so to speak.

We really want that number to be under five percent, which it would be if it came in at point four percent, because we've got to be able to show the fed that we're starting to slow that wage growth. It's going to be very, very important. We do expect the unemployment rate to be at 3.5. We expect labor force participation to pick up slightly at 62.3, although it kind of keeps moving up and down by about 0.1, so it doesn't make too much of a difference.

On the 31st we do get the fhfa housing price index expecting a 2 month-over-month increase. Personally, i'm expecting this to miss, although it does still take time for prices to kind of rotate down real estate's, a little slower so maybe not june 1 mortgage apps and ism and s p, manufacturing reports. So we get a little bit of a feeling as to how the mortgage market is moving, but also we'll see how manufacturing is moving we'll get some data from the federal reserve on june 1st as well. The fed beige book comes out.

This is where we'll get to know what sort of their districts are saying in terms of a potential economic slowdown. That'll be interesting. It's a this is the sort of data that helps advise the fed. So it's good to look at jolts.

Data comes out. That is the job openings report and that comes out on june 1st, as well, expecting 11.4 million job openings, that's down slightly from 11.5, but still plenty of job openings do keep in mind we're starting to see indeed, job listings rotate down, like we've hit peak level Of job listings in december we're down about 10 from that peak job listings level in december now. So we kind of think that, because jolts lags indeeds job postings, that we could continue to see jolts kind of squeeze down, which would also be a sort of evidence to the fed that what they're doing is working that you know, unemployment, maybe ticks up a little Bit as people go absorb some of the other jobs, and then you know basically, maybe they they leave a job or get laid off, and then they go take one of the other job openings and then we see those job openings come down. Remember they really want one job opening for every one unemployed person we're almost at two right now at 1.9.

So really, this is where the fed's tightening and we the fed, wants to see that their efforts are working and as long as their efforts are working, they can relax and they don't have to be so hawkish. Speaking of hawk bullard and williams, a talk on june, 1st bullard is our real hawk he's one who wants to see. Maybe a hundred bases point increase in rates rather than 50. loretta master comes out on the second she's, also a bit hawkish.

So we're going to have some headwinds here from fedspeak, then we've got the adp report for unemployment. That's going to lead the unemployment report. This is the private payrolls one one of the things that's great about this one is it it tells you a little bit about who's. Laying people off like? Is it small small businesses, large businesses, what's going on, the fed doesn't actually talk again like they don't have their next fomc meeting until june 14th and 15th so mark your calendar for june 15th, we'll be covering the fed? Obviously june 10th, though right before that - and this will be a big deal so we'll get our inflation read - we're expecting year over year, inflation to go from 8.3 just to 8.2 percent.

That's not enough! We really need to see that top line level come down month. Over month is going to come in a little hot 0.7, it's not so great core will probably come in at about 0.5. That's at least the current survey. Also that's like a 6 annualized rate.

Just not great. We need to get that inflation report to really start showing some material weakness, otherwise we're going to continue to get that hawkish fed - and this is despite all of the tightening that we've already seen. So those are some things to keep in mind. In addition to, of course, click that link down below right now, do it now click that link down below look at the value you get in the courses top two most popular right now is basically bundle number one.

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If you check it out today and again, if you have any kind of questions or whatever send an email over to kevin mbkevin.com thanks so much and we'll see in the next one bye.