Good morning everybody! We have an amazing show for you! Today we have Tomley dropping some massive Bombshells about what's going to happen In 2024 we have J Powell talking to 60 minutes we have Jensen Wang from Nvidia talking about crazy things that get me excited about Nvidia even more and we have some updates from China things are not good and turkey things are even worse. But first of all, today's daily MVP sponsored by stock MVP Your research tool for the stock market. A tool for retail investors built by Reta investors like me. Check it out.

Now let's talk about daily MVP Today Mr Tom Lee So Tom Lee The only guy with the exception of a few people I know that have fully predicted what happened in 2023. the only guy that remained bullish on the market when everybody including myself or bearish is now talking about the market in 2024 and he has a lot to say. You absolutely have to listen to what this guy said. Check it out! I Think 2024 is revealing the stock market is getting stronger.

Uh, because it is is proving to be extremely resilient. You know. last week Tesla missed fell 11% the S&P was up for the week. This week we had two big of two big fangs Miss and uh, disappoint and the Market's of course roaring.

Um, as we end the week it's a 14th consecutive week I think it has a lot to do with one. the economy's incredibly resilient. The FED I think has turned doish. we don't know the timing of the first cut.

uh inflation I think is falling basically like a rock and we know there's a lot of cash on the sidelines because there's over $6 trillion do sitting in money markets. And yet the S&P you know is is just in the last 6 weeks, generated more return than an entire year of owning money market cash. Yeah, it's been unbelievable. So March doesn't matter I mean is that Is that the lesson of this week? Uh yes.

I think Um, well I Think it. The Bond market really cares whether it's May or March Uh I I Think that the stock market Market Really should just care that the FED has gone from fighting inflation and almost giving the economy a heart attack to one where they're trying to manage the business cycle. So if they don't feel comfortable doing this cut in March and instead of May I don't think it should have any effect on equities and how they do today. So it's important not to get caught with the minutia and focus on what's important here now.

Tom Lee is saying something here that is insanely valuable. which is that the stock market has gone through a change. It's no longer fragile, it's no longer kind of this bipolar. It's a lot more able to sustain a certain level of calm.

Now he's talking about adversity. He's talking about some bad earnings, some disappointments, but the market has not budged. The market is still very, very strong. Now he's talking about why that's happening.

And as always, any good building has Good Foundations And he's saying, look, the economy is so strong right now You know the employment numbers are great, the GDP numbers are great, inflation is dropping like a rock, and these foundations allow for the stock market to absorb, to have a CH to absorb a lot of these hits, and to stay strong. And that's not going away in 2024. So he's talking about a fed that's being more dovish in 20124 which is 100% true, although in the second half of the year for sure. and it's talking about a lot of cash being pent up.

A lot of cash is on the sideline because people are still not sure about what to do in this market. and once they get convinced it's go time, it's going to flood the market and cause another bullish wave. And I think he might be right because inflation drives the bus and right now, inflation is coming down the apartments, the houses, the real estate market. All of this will come down because nobody's going to move until the summer months, and while interest rates are still high at some point, the FED will start lowering those rates, pushing more transaction activity at cheaper prices in the market, driving the real estate price down, driving inflationary prices down.

Gasoline will continue to come down. Obviously, it's a seasonal thing, right? Gasoline gets more expensive in the summer months, not in February not in March not in April So as gasoline and shelter kind of eases, the inflation will ease and then the rest of the market will do fine. So I think Tom Le has a very, very solid Theory here. But now let's talk about the guy who actually gets to call the shots, which is John PA so John PA Went on 60 Minutes and he said this inflation has come down really over the past year and fairly sharply over the past six months.

We're making good progress, the job is not done, and we're We're very much committed to making sure that we fully restore price stability. We uh, we have a strong economy. uh, growth is going on at A at A at a solid Pace The labor market is strong 3.7% unemployment. With the economy strong like that, we we feel like we can approach the question of when to begin to, uh, reduce interest rates carefully.

Which is, look, I don't want to be the guy who does this too premature. You know what I mean I Want to make sure that we're doing this when the time is right and we don't have any urgency to pull the trigger too soon because the market can take it. The market is is strong, there's no unemployment, there's no crisis, there's no reason to rush this. And I think he's right and it's very, very similar to what he said in his press conference.

So while he does confirm the fact, it's not going to be a goldilux scenario in the first half of 2024 like a lot of people hope for, it did confirm in a way that R Cuts will come, although maybe slower and maybe not as many of them. but they'll come in the second half 2024, which will push the market again in the right direction. Now let's about Jensen Wing So Jensen Wing One of the best CEOs in the market hands down. Talked about AI Talk about the future of AI And he said this: you have seen: Um Uh, India Japan Um, Uh France Uh Canada Now uh, southeast Asia Singapore Uh, Speak up about the importance of investing in Sovereign AI Capabilities Uh, it is is become abundantly clear to each one of the countries that that their natural resource which is the data of their country uh should be should be um, refined and produce intelligence of their country for their country.

and that capability of refining the data of their of their country and turning it into their artificial intelligence is now possible in a in a quite a quite a democratized way. Almost every country should be able to do it for themselves and and um, what's needed of course, Uh is the technology and the knowhow of standing up AI infrastructure. And that's where we could be quite helpful to to um, uh, various regions. I'm going to be honest with you when I hear Jus went talk I feel inspired I mean this guy is a revolutionary.

He's a Visionary and he's one of the best CEOs in the market. And what he's saying is very simple look. Resources have dominated Global economies up until now. The new resource that is more valuable than gold more valuable than anything is data.

I've been saying this for years. Data is the new resource AI is the new shovels. Anybody who wants to get rich. Any economy that wants to do anything in the next 50 years, any country that wants to be significant and influential has to invest in AI Infrastructure in Data.

And all of this is the new global economy that's being built right in front of our eyes and AI is going to be everywhere. He's 100% correct. but what does it mean? It means that even the most doish the most beautiful estimates about where Nvidia is going probably pale compared to what video is going to be because you see while we talk about this new economy this new Global shift. Uh, we do have to remember that the guys who sell the building blocks the shovels.

It's pretty much a quasi Monopoly it's Nvidia So Nvidia is going to do amazing things. It's going to reinvent itself 50 more times again like Jensen Wang did before. and even if you think that Nvidia is expensive which it may very well be, it's still going to do some great things in the next 10 years now. Let's talk about Turkey and China So Turkeyy has just reached a new Pinnacle of inflation.

65% inflation. This is what happens when you refuse to raise rates at the right time. So shout out to John Paul for not doing the same mistake as President Erdogan in Turkey who literally decided not to raise rates because it was a bad idea theologically from a religious perspective. Of course, that's the way to run a central bank.

and if you thought things are bad in Turkey, well in China they're getting worse. The Csi300 is now at a 5year low. The Chinese stocks are not doing well. The Chinese economy is not doing well ever Grand just went to the toilet.

More to come. The real estate market is going to go to the toilet as well. It's 35% of their entire GDP which is by itself a lot of fake numbers. There a lot of demographic issues China is in serious doooo right now and this is just the first canaries in the Co.

Mine now as always. thank you for staying with me for these few minutes this morning. I Hope you appreciate my time I Appreciate your time if you lasted this long. In the video comment below, let me know I Want to see who lasted all the way through? I'll see you in the next one.