Breaking! Cathie Wood and ARK Just Dumped Their PLTR Shares
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👏👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
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DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Toms videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
Hey this is tom, and i got a jam-packed video for you today. A lot to talk about kathy wood and arc invest dumping palantir shares. Why are they doing this? Is this fud? Is this real? Is this the end of the beautiful friendship that is palantir and arkhanvest? They just sold two million shares of valentine over the past 24 hours. Is this the end? Also, nancy pelosi is going against disallowing politicians trading in the stock market, even though they do have access to private information.
No surprise there i'll talk about that. Also, elizabeth warren took some shots at elon, but she didn't expect the dude to turn into tyson, fury and ko that mother lover. He doesn't need a lot. He just needed a few characters and it was a tko also.
I want to talk about what just happened. Yesterday we had the john paul press conference and he came up with a new technique called dodge, deny deflect the ddd, i'm going to talk about that and why the stock market rallied yesterday and is still rallying today, following that press conference, even though they actually announce Raise of interest and increase tapering, so what the hell is going on? Is this a crazy market or it actually makes sense? So, let's start with palantir, so is this factually true? Did arkhanves dump two million shares of palantir over the past day? Yes, a hundred percent. True factually correct, however, as you know, fud is always based on some sort of a truth, mixed in with a lot of lies, which is exactly what we have here, and the best way to basically get rid of the lies is expose exposed into sunlight. That's as simple as that, let's just use some facts, so it is true.
Arc invest, rk and rw sold in aggregate 2.1 million shares boohoo here's the problem. When you look at the data, it's not really a big deal, because valentin is still the number 15 holding in the arc invest funds. Nothing has changed now check this out. You also have to understand what this 2 million means.
If kathy wood had 5 million shares in her funds and she sold 2 million - well, that's a huge deal, but what if she has 30 million plus shares in her funds is 2 million a big deal, which is by the way exactly what we have right now, Kathy wood has 23.6 million shares of palantir just in rk loan and another 4 million in rw, and a few other shares in other funds, totaling 32 million shares of volunteers. So the lady has 32 million shares of volunteer after the sale, so her selling from 34 to 32. It sounds like a lot of adjusting in the atf, not a huge deal now. Here's some more facts on august kathy would held 26 million shares of valentine right now, four months later, we're at 32 million.
That's a 23 increase in volunteer holdings over the past four months, so basically hold my vodka. This is how you kill a fudd in 30 seconds nancy pelosi. House, speaker is actually going against an initiative to limit ban or completely make it illegal for politicians to trade freely in the stock market, because you know they kind of have access to private information about the market. Most of us, don't have you know it's kind of a legal form of insider trading. They have insider trading right at the palm of their hands, but it's still legal, because it's not private information about the company. It's private information about the market, that's fine! It makes it all: okay, it's like a general selling, his entire portfolio. Before going to war against some country, i mean that's fair right, my goodness. So basically, what we have here is not a lot of surprises, nancy pelosi and her husband want to keep partying at our expense.
We don't know what they know, so i have a suggestion. Either you tell us everything. You know about the market, everything about the economy that interstates every little conversation you have in those corridors. Let it known let it be public or you don't get to participate because you're playing in a rigged game and now, even though you already made a lot of money and you're a millionaire you're getting annoyed because we want to have a level playing field, you don't Like that surprise, surprise, let's talk about elizabeth warren.
She just tweeted, basically saying it's time to fix the rigged tax code so that the rich people stop freeloading on us and pay their actual taxes. Now elizabeth warren is basically a politician which is a freeloader. By definition, a politician is a freeloader living at my expense. Doing pretty much nothing but still for me, is the plain citizen, so she's complaining that elon musk is basically freeloading on the rest of us and i found it really annoying, because this is the guy who literally changed the auto industry.
Uh sending us to mars and allowing people with disabilities to actually walk again. It's sci-fi. We literally have this heartwarming story today on twitter, a guy basically paralyzed from the shoulders down talking about how he wants to sign up for the neurologic testing and elon, basically telling him hey, we'll, probably start testing next year. So this is the guy who's freeloading.
On the rest of us right get it so what's really going on here, so elizabeth warren and rwb is essentially trying to pick up cheap ass brownie pr points, basically using this billionaire hate in order to basically ram elon. Only problem is that elon is not an idiot and, as she found out, he can tko that mother lover in a heartbeat. Essentially he just replied saying hey just so. You know i'm actually going to pay the highest tax bill in history this year and so far that tax bill is about 6.5 billion dollars by the end of the year or by the time he sells all of his talk this year or next year is going To spill over, probably to 2022 a little bit, it's going to be a 13 billion dollar tax for the latest sales.
He just did so pretty much. Her argument is in the toilet and i absolutely love how this thing just played out. She tried to scoop up cheap brownie points. You know like one of those twitter posts when you try to pick up cheap likes caesar from the dog whisperer like sit back down, love how elon handles politicians beautiful now, let's talk about what happened with jerome powell, john paul went on tv yesterday and for the First time ever did not crash the stock market. Now i admit i was wrong. I thought he'd crash it because i thought that at this point he has no choice because you know we're in such bad shape. He has to announce serious interest rate hikes. He doesn't have any choice and i thought that he knows that and that's why he's not gon na try to play the kick the can down the road game again and yet he chose to price the price, the latter.
So let me explain in simple english with a simple example: what just happened yesterday and why the stock market is rallying even today, they're still in that dopamine rush from yesterday. So basically, what we have here is a parent coming home late with the kids. The kids are hungry, they're, tired, they're naggy. He doesn't want to cook dinner, so he just throws every kid.
A piece of huge five chocolate bars. The kids eat the chocolate bar they're, happy daddy. We love you the best that ever wow they're running around circus. For three hours the dad gets to rest everything is beautiful.
Is that great parenting, probably not, but that is exactly what john paul did yesterday. Is that good policy making? No and unfortunately, yesterday that's exactly what happened. Jerome paul came out and did the bare minimum just to give the kid the chocolate bar. So he just you know, goes to bed long term tooth decay, probably very unhealthy for the kid.
Basically, the mark is loving, it minimal interest rate hikes and, as expected, is slow down in paper instead of completely going all out and raising to three percent. Now is this good long term, probably not, but he avoided the crash, and i was wrong. I thought yesterday that we're gon na crash actually made a video saying: hey we're gon na crash. We didn't so long term.
I think we're about to head into massive inflation and, as most of you will find out really horrible inflation is probably even worse than the stock market crashing in the short term, but let's see what happens as always, if you want to join our community on patreon, It's five dollars per month and you'll be supporting the channel. The link is below if you're a channel member or patreon. Thank you so much. I appreciate it from the bottom of my heart.
We'll see you tomorrow.
Very good video, Tom! Politician's need to be put in their place. They take but never want to give! Shout out to Elon as well, love how bullies get put in their place! Go Elon!!!
Doesn't matter if politicians are banned from trading….they'll just use their children, or relatives accounts to trade. The law can't ban everyone they know from trading in stocks
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I already saw her stupidity during the election rally, yet, people say that she was the front runner.
To be honest, even though Politicians have access to insider info, i rather have our legislators have some first hand experience with financial markets before attempting to legislate on the industry so I support them holding stock investments
If the fear is that they take advantage of insider trading knowledge, why not just delay their transactions?
File their intent 7 days before posting a transaction.
you have this all wrong.. Elon didn’t do crap and didn’t change the auto industry.. Mary B did. 🤦🏻♂️
Seems E Warren recently paid only 6k in taxes on $16M in income for an astounding senatorial tax rate of only 0.000375%.
People say " billionaires must pay their share their of taxes"
Billionaires say " people should do their share of work"
I’d wait on buying the tapering isn’t in full affect yet I’d wait till February I believe that it will drop even lower don’t want to catch falling knives 🔪
It's not like ARK is investing for their retirement. It makes sense to leverage gains on successful positions. It's kind of the point. A different game, so to speak.
People put too much weight on ARK money movement. I get their email updates just to put me onto stock picks to do more research in. I wish you would do a breakdown of PLTR balance sheet to see all of the businesses they're developing. I think PLTR will basically be an index fund for businesses that they're developing that use their software.
Tom didnt Palantir buy 50.7 million in gold back in August, would that be an excellent bet in times of rapid inflation?
Been watching you for a long time but your reasoning for cathie selling makes no sense. She actually sold a lot of pltr at a loss. Trim what ? As her position in $ was much lower than last month…
Why! I told you the reason against you going pro Palatine. It is fraud.
Elon probably lives in a smaller house than Elizabeth Warren and sleeps in his factory instead of hotels, where she practically i lives all expenses paid by taxpayers in hotels.
Hey Tom – you constantly have your head up Elon's butt and miss the entire point of the criticism about him not paying taxes. A 2018 ProPublica investigation revealed that Musk, at the time the second-richest person in the world, paid nothing in federal income taxes that year. He paid less than $70,000 in taxes in 2015 and 2017. So you see Tom, there is plenty justification for going after the billionaires for NOT paying their fare share in taxes considering they benefit and build their wealth off the infrastructure all us pay for with federal taxes – like the roads they use – or the public education system used to educate their employees – or countless list of other things FEDERAL TAXES fund that they use and benefit from to build their businesses and wealth and then …. do everything possible to NOT pay their fair share in both personal federal income taxes and corporate income taxes. You act as if Elon is the savior of the earth as he uses his wealth to have a typical privileged rich white male ego race to space. And lets not forget all the federally funded contracts and subsidies Elon benefits from – all paid for by everyone else except Elon who can actually afford to pay his fair share. Sympathy for a rich cry baby like Elon really isn't necessary when it comes to him paying taxes just like all his employees have to.
Whhaaattt?! Cathie Wood sold shares?! No way!?🤦♂️
If people are that easy to deter then they don't belong in the stock market.
so many of you stock guys are polidiots…payest the highes tax bill means nothing, it's the % of tax he pays. Like me, i made millions selling my business this year, yet I'll only pay 16% tax rate on the sale, the america tax system is as fucked and corrupted as the stock market.
Here we go again!! Elizabeth Warren is just another wealthy multi-millionaire grifter politician. Beware of ANY US Senator. That includes Bernie Sanders. The US Senate was established NOT to represent the people of the state. It's purpose was to represent the wealthy land barons of the USA. Purely representing commercial interests in a state. The US Senate should for all purposes be reformed or abolished. They have the longest terms and no term limits! In a democracy that is just purely wrong. Senators capitalize on their terms in office to monopolize their clout and power to stay there. How, by serving corporate interests that pay them handsomely. Once these grifters legalized bribery for politicians, all went spiraling downward as corruption shot to an all-time high. Elon Musk is the scapegoat not because he's the richest man on Earth. But because he doesn't play the Washington DC racket. He doesn't 'grease' the skids of these Senators, refuses to pay them, and now they threaten him by targeting his earnings and assets. She calls him a freeloader not because he doesn't pay taxes, but because he hasn't paid them his share like the other corporations. "Where is your 'donation' Elon?" If anyone is familiar with the mob or gangs shaking down businesses for 'protection' or 'operation' money each month….then you will know what these Senators are truly doing. Warren and Sanders and others are attempting to shake down Elon Musk. We have nothing more than White Collar Criminals running Washington DC. That criminal syndicate is headquartered in Capitol Hill.
"Surprise surprise" really does sum it up. These actors have become as predictable as cartoon characters. Didn't even have to watch this one.
Musk is a two face on this subject. TSLA and Space X would be busted long ago without various Federal and State subsidies including carbon credit laws, and government contracts.
Congress and senators both including the president and any executive of any Federal department should be prohibited from stock, options, futures, or any securities other than a blind trust.
Simple.
PLTR was her poorest performer. So.. makes sense she'd lock in some losses for tax purposes.
All Elon lovers and haters of disinformation and stupidity, go to Senator Karens Twitter and let her know you don't appreciate her stupidity!
You don’t think the growth stocks crashed today?
Too much vodka or did you sleep all day?
Take some look – more decliners than advancers today and many down 5 to 7 .% plus
Hardly a stock rally today when Growth Stocks crashed big time.
Don’t understand taking a huge loss on growth stocks by idiots to switch to value that won’t grow worth a 💩
PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!! 🚀🚀🚀🚀🚀🚀🚀
nancy pelosi have to oppose the anti insider trading bill, she (or husband) have profited from call option of tesla because she know about the EV credit bill
Tom I just subbed. Been listening for a while and cannot believe I had not done so. You are so on the money in this video with all your points regarding Pelosi, Warren and Powell. Everything is clearly showing that the leadership in all these institutions are pretty incompetent and corrupt. Btw I credit your channel for a PLTR trade I took this summer that rescued my account. Not that you recommended to buy but rather your coverage of the company at the time made me pull the trigger. Big thanks to you and keep it up.