It's time to recap the day. What's going on guys, It's Ricky here with talk about Solutions It did four thousand, seventy six dollars and so far eight cents on SQ That position is closed out and I left myself as you can see here with my one lucky share. Uh, when it comes down to Tqq I did five thousand, thirty two dollars and as of right now, 15 cents and of course my one lucky share. Let's not forget about that.

I Called out my entire reversal trade on Tqq um to my Lpp team again. I Do Trade Live every single morning with one team and one team only. you don't have to join, but if you're tired of feeling like you're left in the dark if you don't know what it is that you're doing and you're an absolute beginner again I Trade Live every single morning. It's not so you copy what it is that I do.

But I understand my thought process and how valuable could that be for you to understand the intention of someone? When it comes down to being able to watch them trade live and have them have them explain to you. this is why I'm buying here. This is why I'm selling in here and right or wrong. you get to see both my green trades and my red trades.

And that's the beautiful thing about learning at least for myself. I Always learn best from watching someone do not to copy but to understand their why so very very quickly. I Wanted to recap where we are for the day. A handful of economic reports we talked about this yesterday.

we had the ADP employment change which which was one of the biggest reasons in my opinion on why the market started selling off. uh, during that pre-market session so we were already somewhat gapped down. But if you see a lot of this selling pressure shortly followed, right? Well let me go ahead and show you you could see that at 8 15 the ADP employment change came out which is again, uh, I think that's an hour and 15 minutes before the Market opens and if you look at the time literally at this exact moment is when we started to gap down quickly and then again 15 minutes later we gap down even quicker because 15 minutes later, initial claims, continuing claims, trade balance all came out. Why Why is this happening? That's probably what I titled the video.

Very, very simple. The expectation for the ADP employment change was 245k. It came in at 297k nearly two times as much we had for initial claims less people filed for unemployment which is again a good thing. All of this is good and it all comes down to the very simple question, like all of this is good, but right now it looks like the market is interpreting good news as bad news.

But why why would the Federal Reserve do this Or why would the market do this? This is what I love to do, the why the why behind everything. Right now, we are waiting for the next decision From the Federal Reserve right. Is the Federal Reserve going to provide a rate hike? Are they going to pause rates just like they did last time? If they see a stronger than expected economy and stronger than expected labor market, then it can take a larger hit, right? Therefore, it can tolerate a rate hike, right? If we were showing that hey, we have a weak labor market or a weak economy, the Federal Reserve probably doesn't want to be too aggressive with rate hikes because they can put us in even in a worse position. But the Federal Reserve we are not at that two percent Target for inflation just yet.

So if they see that we're stronger than expected, then why wouldn't that not support the case of front loading these interest rate hikes and no longer pausing right? The Federal Reserve Jerome Pauley then said it before that, yes, rate hikes are possible in the future, right? Just because they pause last time doesn't mean that they're going to pause again. And for those that are absolutely new to this, what are rate hikes? Well, the Federal Reserve right now they're trying to bring down inflation and inflation is currently sitting at around four percent. If I'm not mistaken, off the double check. Inflation has been coming down.

and the really great thing about this is that with inflation coming down, you know we're still not at. We're still not at. our Target So if they see us stronger than expected labor market or stronger than expected economy, then they can front load these interest rate hikes again, making it more expensive for people to borrow money. for businesses to borrow money slowing down the economy.

and when slowing down the economy, that inflation can begin to correct itself. so we can see that current inflation rate right now is at four percent. Overall, the considered core CPI Uh, everything. lots of food and energy is 5.1 So a very simple breakdown on the why behind what caused the market to sell off today.

Very very easy to understand. It seems like at least based off of how it interpreted it right when the reports came out. that right now good news is bad news and the reason why is because it simply supports the case of potential more rate hikes because we could tolerate it because it's showing signs of it of a stronger economy. So just wanted to recap the overall day again.

5000 on Tqs. Sqs. We did 4k on that one. Very grateful for how today played out.

I Would love to invite you to my live training tomorrow and again, it's literally the second link in the description down below. If you feel like you're not ready for it. I'm not here to rush you, but if you feel like it would be a value for you to be able to watch me trade live every single morning. then again, that's that second link in the description down below.

I Go Live every single morning right At! Market Open for about 30 minutes to an hour every single day I Really do appreciate you guys time. Hope that we're in a thumbs up! I Do want to remind you we are running our biggest discount and it is linked down below And like always, let's make sure that we end the year on our green up. Take it easy team!.