Man, I Am pissed and there are a couple. Reasons I'm pissed. Number one: I'm pissed because I'm supposed to be in East Salt Lake City right now, but unfortunately because of unforeseen circumstances I ain't there. But that's okay.

I'm gonna make sure that what happened today does not recur because that's what life is. Right Life is always two steps forward. One step back and if you take a step back and you can learn from it and you can make revisions to prevent mistakes from happening in the future. Fantastic, That's called life.

That's called getting educated. That's called developing. Whether it's in business, uh, in communication, or as an individual as an employee or whatever your goal is to always try to get better, right and to move forward. That's totally understandable.

Uh, but what I'm more pissed about is that today is March 1st Today is the first day that we're supposed to be getting better. February that up than what we had in January because remember January was all about all its seasonal adjustment month right? Well oopsie oopsies We got some bad data today. It's a terrible day for there to be bad data because today we have an expiration of the of course is in the flash sale. That's because today is Tesla investor day and after all the prices go up over time.

So if you want to guarantee the best price going forward, make sure you join the programs today because we're raising the price tomorrow. Yeah, there'll be another probably sale at some point in the future. I Don't know when but the beauty is you lock in your price. Now you're guaranteeing lifetime access to the best price possible.

and oftentimes prices can go up 50 100, 200 over time. So you're very incentivized to lock in early. So check out that flash sale linked down below. Uh anyway.

uh okay. look the data today. Big problems. So again today we start getting February data and what kind of data did we start getting? When we got data that wasn't good, it started with Europe but then it also happened in the United States and and I Can't wait to tell you about the United States data because it is an Sh9t show like I Feel like I just got a Bloomberg terminal code that says Sh9t all over again.

Why it is this 2023 already started sounding very darn similar to 2022. This is scary. This is not in line with my my Nike Swoosh uh. recovery.

Now it still can be. but right now it's trending the other way and I don't like that. but that doesn't mean I'm always right I could be wrong and this data is not fantastic. Now it's too soon to flip-flop, but I'll tell you when it's flip-flop time.

Uh, actually I'll give you a little bit of a guide at the end of this video. All right. So I need to continue on here. So first of all, uh, look okay.

most of us here in America we don't really care that much about Europe Okay, we we know that prices are going up in Europe. We know that energy prices are up 19.1 percent. Uh, a year over year for Energy prices of 21.8 for food. Okay, sucks for them.

they got War next door to them. You know they've got their problems. We got our problems. Okay, but it's not just European data that's bad.

It's not just spants uh, Spence oh my. God this just shows you how pissed I am spants Good lord, it's it's not just French France and Spain who have bad surprises on inflationary data coming out. It was also Germany which is the Eu's largest economy, right? Germany Coming out with what? Oh, Germany Coming out with inflation that came in at 9.3 percent for the EU Harman harmonized prices. Uh, that is up from 9.2 percent in January and we were looking for nine percent.

We were looking for a slow continuation of the downtrend. All we asked for was to go from 9.2 percent to nine percent. That's all we ask for on inflation and what didn't even go down went up. That's bad.

Okay, that's bad news, but this video isn't just about Europe. It's specifically about the numbers that came out this morning in the United States which are complete poop show as well. Before I mention that. though, it's worth mentioning that uh, the European Union's like, yeah, we kind of have three waves of inflation here.

The first is energy, the second is material inputs. Uh, and and while Energy prices probably won't keep rising, in fact, we've seen oil come down. That was like an obvious bet. We knew oil wasn't going to go to 100 a barrel.

Uh, then there are saying that, hey, look, material inputs are still expensive, and unfortunately, those costs are not ebbing. And now we're starting to see the impact of the wage increases show up in inflation reports. Now we know here in America that it seems like the availability of Labor is substantially increasing. We've kind of hit sort of a peak in terms of wage increases, but some of that is still showing up in this lagging form of data.

Now, the FED is somewhat trying to cast aside the noisy signal goals of some of these reports because they realize, hey, you know, maybe this time is different or it's not. We're just going to get Michael Barry Screwed. Uh, or uh, they're they're trying to, You know, pay a little bit more attention to Leading indicators rather than lagging indicators. But even though you know when the lighting lagging indicators are screaming at you, they risk unanchoring inflation expectations which then f up the leading indicators.

Long story short, bad news Okay Bad news isn't good I Don't like talking about bad news I Like having bad news titles and talking about good news. That's what. I like doing okay. the title is crap and the video is good.

If you haven't figured that out yet. I I don't know where you've been. Okay, this is old news. old news.

Okay, well what's not old news is that there's a flash sale expiring today. Have I already told you about it? Anyway, Okay, the American data good Lord What the hell? Seriously, what the hell? So first of all, we get a stagflationary PMI report which we covered during my course member live live stream right after that course member livestream I go to hop in my car I bring all of our our products and everything today and I start heading to the airport and then I got a U-turn and here I am bitching. Anyway, so we get this stagflationary PMI report. Uh, that.

uh, you know, instead of coming in at uh a PMI this morning of uh of uh, well, basically a number over 50 which would be an expansionary sort of PMI report right? What do we get? We get yet another report under uh, even the last report. Okay, the last report came in at 47.8 which is under 50. 50 above is considered expansion below is considered contraction. Last report was 47.8 We thought maybe we could match that.

No, it came in weaker. But not only did the Uh S P PMI report come in weaker, but the ISM Manufacturing report also came in weaker. We were expecting 48 which is already contractionary and it came in even more contractionary at 47.7 Now on one hand, that's like, okay, well, like some contraction is good, right? because maybe that'll put less pressure on prices, right? And that data is from February it's away from January already, right? Uh oh. But wait a minute.

What happened? Institute for Supply Chain Management prices paid Last report 44.5 This report 46.5 was the expectation What actually happened? Holy Crap. 51.3 percent. Okay, breathe for a moment. Think about that.

and if you don't get what I just said yet I'm going to explain it in a different way. Okay, imagine this. You're gonna pick up your phone and you're call. You're going to call 100 companies.

You go, yo uh, is manufacturing up or is it down And if you know 49 of them, go, it's down and 51 say it's up Well, then the average is actually up right. You tilt slightly up. So maybe you'd get a report that's like 50.5 If you call 100 companies and you're like, hey, what are prices doing and 60 of them were like, oh, prices are improving and 40 of them are like, ah, price is a little more expensive, Well, then you have a report of 60. prices, report or in, you know, uh, actually, you'd have a report of 40 which would imply that prices are actually coming down more than they're coming up, right? That would be fantastic.

So that's what you want. You want manufacturing to come in stronger, things to be better and you want prices to come in down better than expected? That would be better in both both cases. What's the worst case scenario? Manufacturing down less orders uh-oh and paying more money? That would be bad. In fact, that would be called stagflation.

That would mean we're making less and producing less and selling less and prices are going up. Ah sh9t. Well, what was the report that we got today? Manufacturing below expectations. Prices paid way hi.

We haven't seen this kind of prices paid ISM Report since. September Okay, we're already in. March That's like. that's like half a year ago.

How Wild is that? September was six months ago already? That's insane. And now all of a sudden we have an inflationary impetus for February that's as high as it was six months ago. What's that going to mean for CPI going forward? Or should I just call it CP lie at this point I Don't know. Actually, wait.

I do know because I have the CPI inflation expectations right here and I'll read them off to you. but WTF that's of course at the same you know before I read you these inflation expectations Of course right afterwards then you get Kashgari coming out doing his little media circus doing the you know you know I'm open to either 25 or 50. it's like dude, listen Okay Fed y'all can talk tough. We get it.

you're gonna hike for longer at 25 and you're gonna keep them there for longer. Does anybody actually think they're gonna go to 50? Yeah, some people do. Are they gonna go to 50.? No way in hell in my opinion. No chance we see a 50.

because it would shoot themselves in the foot of credibility. The only way they'd go 50 is if we got a nasty inflationary report. But with the data we have right now, even with today's numbers, it's a 25. But we get a bad CPI report which I'll read you the expectations a moment.

I'm not going to say no way in hell anymore I'm going to start going uh oh uh, that's gonna hurt. That's definitely going to hurt now. we know that the market is expected to be bumpy and again I Want to read those CPI numbers in just a moment here. But I Want to reiterate this? We know.

So I have to like I have to calm down a little bit and remember in the V-shaped recovery, we never said it would be smooth. In fact, every single day now I feel like I'm drawing this. Okay, so I feel like there is a chance that we're just hearing this. The noise right? Like we're over here, we're hearing the noise.

That noise was supposed to be January So like right now, like the noise that I drew here kind of implies like some comes down sometimes like some bad news. some good news. Right now it's like okay, that was a lot of bad news for January and now it's like oh, how do you want to start your February data report? How about with some bad news on March 1st? Come on man, it's like you timed the bad news on the flash sale expiration day where the prices are guaranteed to be up higher after the flash sale. It's almost like they timed it because now see what you're doing is you're really saying take a purple line here and you get okay.

So we we move up. maybe we move up to this right and then you you leg down a little bit. but then rather than getting bad news, you get more bad news and then you get worse bad news. It's like where's the good news I Don't know, the data ain't showing it right now.

This is walking right into the Barrel Bear case. Now sure, we're up from the bottom. We're knocking on the door of the 200-day moving average. Wouldn't be surprised if we start breaking some of these 200-day moving averages because you know some of this data is legitimately poopy doopy doopy.

It's not great right now. We're literally on the NASDAQ Sitting on the 200-day moving average. We are on the Fibonacci retracement line. the first one our 23 percentage level.

Here we're sitting on it. This is a very critical point for the NASDAQ Uh, the exact number is 289.6 We're basically at 290.. So we're sitting on This which is also where the 200-day moving average is about 28926. If we break this trend, we could be going right back to hell.

That's not good and all it's going to take is another bad set of data. You've got CPI coming out on March 14th. You've got jobs coming out on March 10th and then we get reamed. Okay, then we take it in the margin on uh, March 22nd when the FED talks.

So what are the expectations for CPI Hmm, Yeah, exactly. Uh, no. All right. so the prior release for the month over month data was point five percent.

The expectation for month over month is 0.4 Prior core month over month was 0.4 This one's expected to be 0.4 So basically barely budget. Then on the headline, at least you have some kind of potential budge going from Six Four to Five nine and on core from Five Six to Five four. But what if we missed that sh9t? Damn it. Ah, Flash sale.

That's all I could say flash sale. We need to talk about this in the course member live stream because it's a problem and then we're gonna have to start looking at how we're going to set up or potentially hedge going into uh to some of these reports here. Uh, because um, you know, as as much as I want to be bullish, it might be smart to look at some Hedges whether that's with cash, uh, or otherwise, so we'll talk about those. As always, every single trade alert I Make is in the stocks and Psychology of Money group.

everything I do with my portfolio goes in there course member live streams you get lifetime access to if you join the course member any of the courses, you get lifetime access to those courses on building your wealth uh, with all the new content going into them. And the live streams live streams are great for Q A US chatting together, thinking of ideas together. but also if uh, you know you get lifetime access to that as well. But also if you want to join the Elite Hustlers course Pretty common bundle right now.

A lot of people actually recently have been getting the Zero Millionaire Real Estate Investing course, stocks and Psych, and the Elite Search course bundling all three of those together. Then you also get the Elite Hustlers live stream where we do q A just on building businesses and dealing with problems like, uh, two steps forward, one step back. but that's what business is. You know, if there weren't problems in business, uh, you probably wouldn't have a business.

The whole purpose of a business is to solve people's problems, whether it's with goods or services. and the whole purpose of running an efficient operation is to make sure that you can minimize issues that are coming up. But what issues come up, you learn from them. you adjust and you move on.

You know you can't cry over spilled milk. It is what it is. Alright, thanks for watching. Good luck.

This sucks.