Jerome Powell LIVE (No Econ Policy) - Trading Stock News

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live yet, but good morning, day. Uh, we're going to have a very interesting one. If you see the title here, it says Jerome Pal. We are going to be hearing from him, but the bad news is that you're not going to hear from him till around 100 p.m. And it's just an intro. He's not expected to go over any monetary or economic policy.

Other than that, though, there was a lot of headlines over the weekend. We did not hear much on the whole China stuff. If anything, there was a little bit more escalation between us and China. And now just ah and now we are waiting to hear back and see where we go here for the second half of the year.

Do we have the MAG 7 leading? Do we still have trade issues? Does the S&P go or not? And where does policy and rates and all of that fit into it? But should be a pretty good day. You got a lot of biotech headlines. That's what I was just telling everybody. But it's going to be a good one. And now we got 3 minutes until the bell and welcome to the second half.

So, uh, I do need to go to the bathroom here. I'm glad that you are here. You got a big NVO darkpool again on a Monday. It's not even end of the month. So, yeah, we'll see. We will see. But Chad, I got to go pee, but I like it. This is a good time to post plays. Uh, otherwise, after the bell, I will ban you.

Um, if you have not read the rules, so get on that, post your plays. I got a bunch that I'm going to be looking at. I'm hoping for a commercial here, but in the meantime, I would watch XLV, Labu, IBB. I already had NVO written down. And then Meta, Target, and Boeing. I really like Boeing. Uh, Bank of America said exactly what we said on the watch list yesterday.

Again, we talked about materials. There's a lot going on there. So, I would keep another eye that. And then again, Meta, the AI ad creation. If you guys didn't hear about that, I think that's big. It reminds me of 2015, uh, when Meta first released like any ad creator. And now this time almost 10 years later uh it's just with AI.

So we'll see. But other than that, we got 2 minutes until the bell. Are you locked in? Best I could do is Bloomberg is a continent of the region is a nex. ity. The real code on Twitter. Get ready for a good day, baby. Happy Monday. The limits of technology even further. Going to space should become as easy as, you know, taking a flight.

If NASA is designing a lander, their approach is they're designing a Formula 1 car. So we take say a Jeep approach. Men, give us a sense of how you translate Korean architecture for the rest of the world. We call this madang in general terms is where we can be ourself, where we belong. There is an old saying in Korea that says call me.

It means simple but not humble. So it has a tremendous impact on Korean architecture. People tend to think the robot AI taking the job from them. We want to use the robot as a basic assets meaning people have a income through the robot. From Space Tech in India to robotics in Japan, Asia is driving the future.

Reshaping industries, societies, and the way we live. Join me as I take you through the bold innovations. Let's go. You got about 30 seconds. Again, we already went over the plays. A lot of the pre-market movers, a lot of biotech. You had biotech. Again, a lot of FDA action, a lot of details from the FDA.

And then on top of it, uh, you also had the buyout by, uh, was it Astroenica? They bought a BP, whatever, for a couple couple billion dollars. So, thought that was fascinating. Other than that, Chad, 10 seconds. Call out any news. And if you need anything, you let me know. Uh, and yeah, follow all the rules, please.

And good luck. Let's have a good one. Round one, fight. All right. A let's get a mad dash with Jim as we count. Okay, that scared me. All right, well Jim is going to get the mad dash going. Yeah, core weave up. Remember last week was its first like big sell again. There was something on Dell with the government and government contracts.

So see how that plays. Other than that, materials bowing, all of those those are all still in play. So let's see how NVO Do you guys hear that? I'm like raising my desk. It's still mad slow. Mhm. Pizza. Pizza. Yeah. I want to see again healthcare though. That's the Although pizza and some of those staples will be fun.

Again, healthc care staples. It's like it stands out really big. There's a pair of NVOs that are lagging too. Actually, what day is that? June 20th, ZS on the high. Palo Alto again, Coreweave, Unity going up. Ion Q, Qualcomm again. There was a couple of offerings too on some of the quantum ones in the morning.

Palanter, Nvidia, Apple, too. I forgot about that. Yeah, the Ukraine. Dude, Ukraine was weird. Uh, they pretty much had that meeting in Turkey and I think they concluded it, but they still met after all of it. Surprisingly, after how bad the weekend was, you would have thought there would have been more, but there wasn't.

TEM and Palanter on the high. Again, IoT, they had a headline this morning as well. Gold is up. Watch if anything happens with currencies. And then Nvidia, uh, don't forget they had earnings last week. So again, we got washed on those weeklies last week. I got one still, but it's literally down 80% still.

So again, a lot of the the ne all these plays from last week are really cheap. So if you think it won't get pinned down this time, it's time to go. Other than that, you wait a little bit. They'll be even cheaper. Again, you have a couple of NVOs are finally starting to move. Uh, even some of the leaps as well.

Uh, Duolingo on the high. RCAT. Yeah, Arcat had something as well. Again, all of these like biotech, small medical companies, bro. Even like Lyle. Yeah, we have this one too. Like a lot of these names just popped randomly. It's very, very odd. Not odd, it's just there's a lot of activity in those buyouts.

FI on the high. Uh, Sentinel One, AMD. I I saw a lot of people pumping AMD over the weekend, so that could be good. Honestly, I think you just need chips to have a good day. And then Amazon's on the high as well. You're only uh down by 0.19 on the spy. Dow Jones down by a third. Uh Russell's dancing between negative and positive.

And NASDAQ is up by 0.0. 008. Yeah. Uh all of the Imn's still going. Oh, wow. At three bucks, dude. I think it was at a dollar. Nice. If you got that one, I know we had a call out, but that one it's that was like two weeks ago. a week ago. That was with uh Envitas. Mhm. Sweet Greens is still going. Oh man, I want to NVO again, but those NVO options suck.

I guess Okay, now the NVOs are coming back. Never mind. But yeah, there was a couple of delaying ones. Oh, Pepsi and then UNH2 again. XLV and Staples. If you were on the watch list last night, uh just get ready. The next couple of months, Staples, uh we really got to see. But then again, a lot of people are going to start pumping Mag 7.

So, again, I' I've given you this idea a while ago, but you guys don't forget about it. Uh Mag 7 and that Mag 7 leadership, uh you know, two weeks ago, hedge funds were the most shorted. Last week they bought more tech stocks than ever before. So don't forget about that though. Like again Meta Meta, Microsoft, Netflix, Apple, that's where all of it's going to be at.

Man, Tempest, as long as that stays up, that'll be good. Even NVO starting to go the high ticker again. There's Meta 52- week high. Oh no, I'm tripping. Something else. Flash X on the high too. MP started going down. Toyota. Then you got Google again. It's 5050 here. You got both going. It's a lot of in literally high tickers is going in blocks.

Dela. Yeah, I like I like Mag Seven plays. If you can find a good one. It all depends on time. I still have those old Googles. They're up too. Hood new alltime high. Nice Google. CXW MP. That one's still moving though on the low ticker again. NVO's actually starting to go and watch Boeing and there's a spy.

Spy is barely green. It's actually weird. SPX I think is red. Oh yeah, I think SPX might be red and then spy itself is actually green. Let's see. Yeah, the spy. No, no, no, no, no. SPX is down. Yeah, SPX is down and then the actual like ETF is green. So interesting. Equal weight. Oh, equal weight is murdered right now.

So, yeah, I'd be careful. It's either going to be one of those days where everything splits apart, but don't do not be deceived, my brother. Uh, you literally all of this move right now is just a couple of tech names. So, we'll get the checkup in a little bit. But, yeah, equal weight gap down pretty hard here to start off the morning.

I think that is fascinating. Again, watch dollar, any global currencies. That'll be a big deal. Tesla on the high. There's unh they all saw a lot of move. Chewy and Walmart. Walmart's starting to pop out here and Spotify and MARA even I saw MSTR earlier. Yeah, you do have data in a little bit. This data is going to be big actually.

So again, uh manufacturing ISM manufacturing data is act is really important. Again, this is going to be the leader into the non-farmms. You could extrapolate from the data and then just in general hard data, soft data. Yo, Ford and GM. Whoa, whoa, whoa, whoa. Ford and GM, they are moving like they have news.

So yeah, Ford is down by two and a half. That's pretty big considering all the small moves we've seen. Yeah, take a look at GM. They're both dumping. And then Tesla was just going up. So yeah, US domestic automakers, eyes on that. LT all time high, baby. Amen. Amen. Let me see. I haven't logged into the long term.

We got our deposit though. That's a good thing. So happy with that. Ford paid their dividend again. I think those autos are very odd. I don't know why they started moving out of nowhere. Again, be on the lookout for any like Ukraine headline and war, but uh I'm surprised it definitely cooled off compared to yesterday.

Walmart's still going. That one's at the high. Google now AU. But again, Mag 7, Mag 7, Mag 7. I can't stress it enough. uh if the next couple of weeks do good or if the next couple of weeks do bad, you still might see a mag seven leadership. Again, it all depends on everybody else, but that is definitely a theme.

Coreweave, those plays are back up to 7,000 parts. Woo! Okay, Walmart as well. Watch the Staples. Like I said, Staples is going to be a hit or miss. Look at Staples are still in the red again. Dow Jones is still down. Russell and NASDAQ are up. SPY SPY is now red and the S&P. There's TEM and Meta line new all time is Oh, was that the one with the Tesla stuff on last week?

There was one of those or no, that was oust. Oh, what the was that? Oh, Neta. I meant to type in meta. There's a difference between neta and meta, you know. Oh, I got my cash. Yeah. 9,900. So it finally settled. But there it is. So we probably have 9 900 in the small account. But yeah, so now we're we're up to 3.98%.

We have 4% cash in the long term. Coreweave new to apply digital surges on AI data center. Oh, is that what it was? They surprisingly didn't show up in the morning. Again, that meta stuff is big though. I keep seeing that and them getting into AI ad creation. Uh just I don't know. It reminds me of the OG when they when they launched the first one.

Mhm. Oh, I forgot about the background music. Oh my god, I knew something was missing. I don't know. Do you guys want it? How do you feel? Would you guys like some Would you like some Zen? I totally forgot. I was just vibing, bro. NE New Core again. materials going up and then Broadcom APLD signs two 15-year leases with Core Weave Crowd.

Namaste. Namaste. Please don't. Well, please do. I don't know. You guys are kind of split. Well, we'll see. I guess if some of you don't like it, then I could use it uh as a as your your chill out. So, you guys are doing good so far. But maybe when if I need you guys to chill out, I'll have to sound bathe you.

Is that the right term? Good morning. Good morning. Snowflake on the high. That's 210 already again. That's almost another 10% from earnings. Like that's a really good post earnings. Ford and GM are still dropping. Is that GLD on the high again? NASDAQ and Russell are the only ones green right now. So, morning zen.

Indeed, indeed. Pulitzer. I can't believe that thing still at 45. It's not moving. Nibb is 2. They had a $1 billion uh uh bond offering, I think. Whoa, big volume on TLT. Oh, I thought that said TLT65. I was going to throw up. Yeah, pretty big gap down there. Humble. Oh, you already got a humble gym sesh.

Oh my goodness. God bless you. God bless you. Pepsi, bro. Uh, Dollar General again. Dollar Tree, Dollar General were pretty wild last week. Cororeweave aggressive put riders. Airbnb on the high. Let's check Etsy running up. I'm going to put Cororeweave. Let's see the volume again though. Friday was a real doozy.

Again, there was a lot of like even predicted volume that didn't come through. So, let's see. Again, I mean, anything we could have all these little signals, but we do need follow through. Yeah, Core Wee is not expecting a lot or my thing's not working, but it it's showing me a weird print. Core. Oh, no.

There it is. So, Cororeweave is already trading more. It's expected to have slightly it'll be the most volume on core weave in the last five trading days. That is what is expected. But then again, that could change. So remember this number 42.3. Okay. And then that's it. Uh what's up with Intel? They're chilling.

They got Lip Butan and they got the new CEO, but their earnings, their guidance, they haven't really made any crazy moves. This is why I was saying it end of last year. I said no matter what, Intel just might be a 2026 story. I don't know if that sounds familiar, but I was talking about that because they they still just got to turn it around.

And even with the new CEO, it's been slow. But we talked about it a lot last week, the book value, you know, that's why Intel doesn't go down. That's why Intel stays the same price because pretty much it's trading at like a 12 15% discount to its book value. So people believe that the company is worth its assets, but that's about it.

Uh and you know there will you can't sell it off anymore unless you think the company is going to go like bankrupt. So it's probably going to stay pinned at the low until L Bhutan and the team actually get a turnaround. So yeah, got to watch out for that. Kramer is pumping coreweave now. Um, and then watch material plays.

Don't forget about that. I see Hormell. There's UNH on the high again. I have Airbnb up. Yeah, Hormel just started waking up. But Staples are not strongs. There's Kohl's if you like any small caps. Again, we talked about this one the other day. They were up a lot, too. Oh [ __ ] bro. I just I just dropped a bunch of [ __ ] on my keyboard.

Sorry. Sorry, keyboard. Uh, Phil Morris on the high. Wheat, that moved a little bit related to that stuff. INMM is at Oh, okay. I was like that went to five bucks. Oh, and DJT. I forgot about that. Oh yeah, you guys remember? Oh, I'm down on them now. Yeah, I'm 30% down. And the lotto didn't work. I forgot about that.

You guys remember DJT and the Bitcoin stuff on Friday, Thursday, US said to per selling 1 million barrel emergency diesel fuel cash unh H AM on the high. Then there's Staples now. That'd be good if they could keep going. I'm in M. I keep seeing these little small caps. Yeah, whatever. This is InMed Pharma up 143%.

I just keep seeing this one print again. The last couple of weeks, every every start to the week really has been a it's been a start of small caps. LRA. So, yeah, you're still going to get those. Again, NVO is still climbing. I told you guys some of those contracts were lagging. They were down 60 and now they're only down 20.

But see if those get a bid or not. But June out of the monies are cheap on NVO because it doesn't move a lot. So in the money is better. Out the money is cheaper and if it really squeezes that'll be good. But I haven't made uh anything else another play besides what we've already had from last week or two weeks ago.

Hims on the high and then unity again. We had a lot on Unity uh last week too. Hopefully you got that free 40%. The unity contracts are still holding though after that make it free. They went down 4050. Same price now. SMCI is going now too. XLP, CLBR, uh, Nugget, a lot of things are moving. Well, 45 again.

We're going to get data here in about 15 minutes. Give me the ISM service. in one day. Yeah. So, top of the hour. Yeah. You just got the S&P manufacturing that just came out at what 52. But no, no, no, no, no. You want ISM. ISM. It's big. It's a This is the one that really does matter. So S&Ps just came out, but that's not the one you're really looking for.

Big red on Oxy. We have to watch out there. Uh Disney, too. I forgot about them. Even on the long term they've done good. Gold all day today. So watch out for that because again some of those other days gold last week was kind of doing the inverse but yeah gold is starting off very strong. You are coming down equal weight's hitting a new low.

So look spy dow Russell Nas everything's barely moving but like equal weight dumped man it's like act it's like absolutely nuts. So like I was telling you even last week or yesterday the staples there's a big effect there. There's a lot of money going to Mag 7, but you could kind of see it, you know, the impact.

There's there's a majority of names down. I'll get you guys a checkup here in 13 minutes. So, we will see the trade alerts. There's no trade alerts available right now, unfortunately. You can get a longterm, though, and saving a longterm has been known to to to affect people positively. RTX popping.

Remember last week they were on fire. Spies getting candles again. I'm trying to see uh which names are moving it or the broader sectors right now. Then CME on the high again. Yeah, some names are holding like Walmart. They [ __ ] on Target over the weekend. Is Target about to hit a new low or no? Yeah, 92.

So watch out if that breaks. Bank of America even down 1.2. I haven't looked at financials yet. Into it on the high. Remember there was a lot of drama around those last week. So I just right where we open. That's the funniest part. Yeah, you just got S&P PMIs. They came in slightly lower. In 12 minutes we get the ISM.

So that number is expected to be 49. The employment number is going to be 47. And then price is expected to be 71. So pretty much look for the employment gauge, look for the manufacturing gauge, and then prices. Prices goes down, people will like that. That goes up, people won't like it. And then just in general, strong or weaker manufacturing activity, that's going to lead into the non-farmms.

Uh again, there has been some lags and it's not like a perfect one for one if you've watched along with me, but generally it's it's a very very good uh good piece of info for a lot of other things. CMS and then there's Microsoft now. So, it's hard to ignore you guys. I mean, Mag 7, it's not like major, but they are all holding up and you could kind of see how the market's doing.

Amazon just flipped though. So, see, and then even Google, so maybe they're all coming down. And then Meta is really leading, but they have a headline. Thank you, Shiv. Good morning. Happy Monday. Tesla, we might just need the market. But I think again, I think the Elon leaving was going to be a good catalyst.

But at the same time, I mean, it is up. The stock's up like what 120 bucks in a month and a half, two months, bro. INM, whatever this one is. So again, that actually moved another 30%. Again, small cap, be careful. I did. I had a great weekend. I was a little sore. I don't like I worked out kind of.

I never usually do that, but we were doing a lot of walking and hiking and then I started doing like workouts and then yeah, I was I was tired, but it was like refreshing tired. Nikis. All right, Spyy's coming down. Tesla robo taxi next week. I'm I would love to see it. I'm I'm I'm interested. But for now, I I think Whimo is a [ __ ] leader, dude.

That thing is crazy. Uh, oil's coming down too. INM, whatever that is, still going. Now, SPY has uh reversed. Everything's down about half a percent. Except the NASDAQ. And like I'm telling you, we noticed it from the morning. Ecoe is really down. So, there's a couple of bigger tech names that are holding you up, but it's hard to get a grasp on what today is uh leading and lagging.

Again, a couple of other big winners that we like, but other than that, to see. Oh, Boeings. I forgot about those. All the Boeings are working still. All the Boeing premium from last week is up. AMD. Yeah, I was saying over the weekend a lot of people were bullish on AMD or I just I heard more bullish things on AMD than I than I have in a couple of months.

I don't know if you could buy a personal Whimo. No. Tesla flushing. Whimo is all all Google. All Google. Dominion on the high again. Energy names are they should be moving. Even utilities are about to go green here. But take a look again. Energy just flushed. Yeah, again OPEC. It was up 4%. So see that's either going to bounce or honestly oil might be able to sell like another 2% today.

And then SPY coming down. So first new low intraday 5884. So again 887884 this is kind of a level. So yeah and then I think we go to what like 72 and then we play that game and you have a gap at 5911. You have not broken above what 5950 that was the high two weeks ago middle of May and now it's the first or second day of June.

INM again. Yeah, that thing's still going. I don't have a play. That's in the bottom right. You ran a race on Sunday and then pitched a complete game and you won. The guy played in the majors. Oh, no way. That's Dude, how does your shoulder, bro? Do you have shoulder pain when you pitch? Because that's crazy, bro.

If you still pitching, good work. Good work. Sounds active. I think we both had active weekends. I love it. Usually I chill though on the weekends. That's why. And spy still going. That's four or five candles straight down again. A couple of names are still doing good. Uh now Airbnb, that one flipped flip flip.

And then yeah, seven more minutes. Uh you'll get you'll get a real reaction. So like I'm saying, ISM there's going to be a lot in store. both I think immediate reaction and then the next like couple of hours it'll go there again. US selling the 1 million emergency diesel fuel that was earlier planned sale of US heating home oil reserve.

I don't know if Kramer is pumping Cororeweave. I know he said he likes it and the LA then the stock was higher but now it's lower. But other than that, uh I think Cororeweave had a deal with Applied APLD and then after last week it just it had a lot of selling and then look at this spot. Oh, what about Bradley Felind that page?

Ch. Where's my horn, bro? You kidding me? Bro, even bro, over the weekend, even I told you I said, "Y'all know the truth. You know, you know the peach. You know the truth. You know the peep stop it. Even Bank of America was like, "Yeah, Bowen is that's the one, man." So, wow. Thank you, Bradley F. Did you have a good weekend, Bradley Frile?

Oh, I hope you did, baby. Good morning. Are you kidding me? Oh, man. That's amazing. That's amazing. Now, take take a look at Boeing. You have been blessed with consistency right before your eyes. Wow. Wow. Happy Monday. They don't know man. They don't know. Ukraine defense minister says Russia handed over memorandum to Ukraine at Istanbul Kevil review document.

Uh they says Russia and Ukraine agreed to swap all seriously ill and under 25 years old prisoners of war. Ukraine defense minister says Keev believes all key issue talks can be resolved with the levels of leaders. Says Keefe proposed to hold a meeting by end of June to make progress. Honestly, it sounds good compared I I thought that was all about to get washed after the weekend, but maybe the reporting was just dramatic because literally Yeah, it doesn't seem that crazy.

Setting up to close. Good, man. Good. Check values. Check your values. Uh especially in Florida. So, I've seen I've seen some [ __ ] up [ __ ] dude. I saw one the other day. House in Florida purchased in 2022 for 550,000. Today it is sitting at the market on the market at 375 and cannot sell. Intel on the high.

Intel at 1950. So yeah, Intel I think it's it got even cheaper now that I think about it. Like relative to book I think it was at 088 uh Intel X dividend. Why does it have an X dividend date? They cut it. Oh, well, never mind. Ukrainian department says Ukraine cannot react to Russian proposals in Istanbul because Ukraine only received them on Monday.

Yeah, but Florida, you guys, if you're buying any property in Florida, you better make sure that that house is cheap. Just do not be overpaying. Do not give into your emotions. Just be careful. Florida, Austin, any of the places that were popular two, three years ago. Uh, just be very careful. Just make sure because it's just it's not a sellers market.

It's a buyer market right now. And, you know, you could find that. And there's a reason why new builds have been doing better than existing homes. It's because they offer the the cut on the interest rate, but definitely like like I said, bro, I've seen some crazy ass house deals that leave me scratching my head, but you're finally starting to see that.

I haven't seen that. Last time I saw somebody buy a house and then two years later can't sell it for 30% less, it was like 2018. 2018 and then like 2013 [ __ ] But this is definitely an interesting vibe. So be wise. UNH decent red. They were leading. Watching. We just got the peach. Yeah. UNH gave up half of that.

Again, XLV is on the low. And then INM. Watch Lu too. Any of the biotechs again. Actually, those are still up a [ __ ] ton, but that's came down. But like I was telling you in the morning, bro, there were so many of them. All right. So, two more minutes till data. Get ready. So, this data is going to be big.

And SPY is into the low already. So, yeah, take that how you want to. But that's very interesting. So, yeah, you're actually into the low as the data is about to come out. So, like I was saying, employment that's going to there's an employment factor and then there's a prices factor and then there's the overall gauge.

So, the overall gauge correlates to the non-farmms, but then see what the what the jobs part of that of this report ends up saying. We got a off mark. We love offmarkets. Big fan of off markets. All right, 40 seconds or so until the data. Get ready. Okay. 20 seconds. The expectation for the gauge is 49, employment 47, prices 71.

So again, higher or lower, pretty easy to read. It could get really bad with the data or it could get a lot better. And again, you already have a certain set of laggers and leaders. And here we are. Woo! Big move on bonds. So prices plummeted. Not really, but they dropped. That was the lowest price reading in two.

The manufacturing gauge itself came in a little softer. Uh well, no, their prices gave Bloomberg has a higher price gauge. They're saying it beat, but it didn't. Little scammers. So, yeah, mine says 71. Other people had 69, so they're saying it came in higher, but no, I have one at 71, but it's one of the lower readings there, but still elevated.

And then the overall gauge went slightly lower. Uh where's employment? employment was same 468 versus 47 honestly. So just not telling. I'm surprised the spies is going down like that, but I think that just might be an excuse. So yeah, this isn't anything out of the ordinary. It's not going to give you the same signal.

So like remember the last time we've looked at the ISM manufacturing kind of looks like the non-farmms, but it wouldn't. So yeah, it is like uh I'm surprised the market's moving like that, but for now I would just say it's kind of a dud. You know, manufacturing is a little weaker, prices are still a little elevated and the jobs market still strong and then just lower than than where we're at.

But bonds had a bigger reaction, but that I think just welcome to Monday. Yeah, big tech start. I think if Mag 7 starts to come down, you'll get a move. But yeah, I don't think that is uh it doesn't unless they want a tantrum. It doesn't give me like data vibe. Oh my gosh, we have to move. Unity got a little pop there.

Gold is going up and maybe bonds. This looks like a huge candle. It's about third. Honestly, it's like a quarter percent in one candle, but just remember intraday the the movements have already been small. Low ticker is fully gassed, though. So, you were still going down. Yeah, construction spending plummeted.

That was the other set of data that came out with it. All right. Then you're going to get Fed speakers and then that's pretty much it for the day in terms of data. So yeah, spy moving around, but I say wait till euro close if this is going to keep going. Another hour and a half. Let's check the volume.

You have been here for 30 minutes. 10 million. So a lot lower than last week. Last week, Tuesday, Wednesday, when we opened up the week, we were doing like 18 million uh by the first hour. So you're like half of that or a little bit more. Oh, habibi. So, I don't know if you guys knew this, Dow Jones.

There was only five names green today. So, as I was saying, like the data just came out and we're selling, but I think the trend was already in play. Uh, which and it doesn't mean it can't change, but you only have five names green on the Dow. Uh, the other 25 are in the red. NASDAQ 100, 15 names green, 85 in the red.

And the NASDAQ is barely red. It did move half a percent there. But that's what I was telling you. The big tech names holding you up have have had a way bigger effect today. But yeah, you only have 15 names green on the on the NASDAQ. So Dow only has five. NASDAQ only has 15. And now S&P 50 names in the green, 450 in the red.

So bonds going straight up since the data. SPY wicked a little bit. You're now down half a percent pretty quickly, but everything is red. Like I was telling you, everything is, you know, 90 80% of all names are trading in the red from the morning. You do have Mag 7 leading here a little bit, but yeah, happy Monday and welcome.

Welcome. Oh, did you hear that? That was both sides, bro. Oh, man. All right. I need to go pee, though. I know it's been an early morning. I didn't I didn't go pee during the plays, bro. The Oh, they're talking construction. Favorite job openings, layovers, turnover orders is coming out tomorrow as well, which is always important.

Has been pretty lately. The Fed pays attention to it. All the color from the different districts around the country. In order in in honor, Carl, of the big jobs reports that we have, just wanted to do a status check on what's happening with the dual mandate. So, the Fed cares about two things, right?

keeping inflation in check and maximizing jobs. So, let's look ahead of jobs at what's been happening with job openings. We know the Fed has paid attention to this. Chair Powell has signaled it before. So, we got this surge in job openings postco right after the big drop off during the pandemic. It's been trending lower and that is as the labor market has cooled off.

I mean, nothing alarming girls. You can see we're still above levels that we were pre- pandemic, but it's trending lower. And that important job that ratio that economists look at, including at the Fed, we've heard them talk about this before. Job openings per unemployed, which gives a sense of the tightness of the labor market.

It's come down. It's around one where it was like two when it was coming out of COVID. What does that tell you? That we're having this kind of slow easing of the labor market. We'll see if that confirm This is the demand side, right? what whether companies are looking for openings to fill jobs. We'll get the l the supply side on Friday when we get the big jobs report to see how how many people are unemployed and how many jobs actually were hired during the month.

But it is something we know the Fed pays attention to and it's signaling the kind of soft landing in the jobs market. Uh it used to be the number we would watch used to be the topic of pressers with the chairman, right? Talking about the jolts number or the the job opening ratio. Yeah. And then on the inflation side, remember the number that we watched that the Fed was talking about, which we haven't in a while, super core inflation.

This is services inflation xousing. It's a good picture of right underlying demand inflation. What we saw in April, remember this came out on Friday, PCE, and it didn't get talked about a lot, was the first decline, a negative number in super core since the pandemic. And that represents a big shift and I think a lot of progress on the inflation front.

So, if you put this with some of the cooling measures in the labor market, it does point the Fed closer to rate cuts. And I don't think it's a surprise of why on Thursday and Friday the Fed funds futures changed and now they're pricing in two cuts this year instead of one. Why? Because all year continued progress of inflation.

Yes, we don't know the full effects of tariffs yet, but all right. Bonds are coming back down from the ISM. I think all of that was again it could have been a big event but the data it moved like 0.5 one point up or down it's all within one standard deviation that's the long story short but good morning uh like I just told you you have a majority of everything down so it's either that everything keeps getting worse and you continue the downside and we get back to the lower 5800s just like we did last week you know what I'm saying like remember last week we would gap up and then just sell back to the lower range So that's still in play.

I mean, you do have a couple of gaps to fill from last week, but other than that, if it doesn't continue that way, there's a lot of room to go up if 400 names can turn green. So, keep that in mind. Happy June. And where is the long term? I talked about it last night on the watch list. Uh, this next couple of months, whether we get a active summer, slow summer, who cares what happens?

But everyone's again Michael Wilson over the weekend they're the Bank of America a lot of anal analysts they want there's a big breakout big breakout or big breakdown everybody wants a move but I really hope that as the spy is right now at break even I really hope you think about what you want for your long term and and wait yeah stocks do they don't do as well in June some names some names do do good though I think like uh like Pepsi and some staples have very good Junes but when it's all said and done So, I would I would have your list, keep saving, stick to a plan because the next few months, whether it's fast or slow, you want these opportunities if it creates a difference in price, you know, this is this is going to be your time to hunt and really really go in.

So, I'm excited, but you we are going to need to be patient. Medronic again and then AMD. Remember Medronic, Edwards, all of the medical devices last week, they did good. BH on the high even group this summer will become 247. I still think it's going to be slow because that 247 stuff uh so far what I've all it does is create weird price movements.

That's all I've seen from the TD and Robin Hood. The prices will trade 24 hours and then by the morning cash open is just its own little thing. So it'll be interesting. But I do think uh you know summer usually gets slow. That's going to be credit credit uh spread season. But I think with Trump this time it's going to be a mix of slowness and choppiness.

That's at least one idea. If not, it'll probably just be a [ __ ] show and going really fast. But that that could be good. So either way, I'm excited. But I I do have a long-term bias clearly and I'm thinking of it and I hope you are too. And I hope these last couple months, you know, in a weird way, the last couple months even show you're not too late.

You know, it's there has been some plays and you saw the 40 to 30% pickups, but it's like, nah, we still everyone's at break even the whole entire index. So, we will see. I saw Ulta on the high ticker. Naka. I remember that one on Friday. Why can't I type? Yeah, Ulta just went up 10 bucks. Am I tripping?

It was like nine bucks in like six minutes. Ford's going down more. Yeah, Ford and uh Tesla's even down. Tesla was leading, but Ford and GM are both down four. I mean, there was news of more aluminum tariffs, so that could be it. U starting to pop right now. They just went a$120 and now at the high.

And then Cake, a couple of names, all look at this pattern right here like Ulta, a couple of consumer names. Uh Ulta Airlines and then Cake. They've all kind of have this six, seven minute ramp hitting a high. ESG if rates get a cut. I think you get less yield if it's one of those. If it's like Bill Palanter dumping, I was going crazy in the morning.

Yeah. Well, again, 450 names are read on the spy. So, there's there's literally just a small set of names that are green today. And yeah, see that one's even done it. Whatever. A lot of random ass names just got a little cash bid like across the board. Very algoy. cake is going up because graduations.

I don't know. Is that I don't know. I didn't hear that, but I guess kind of makes sense. I'll answer your question, but I have to ban you because it's super easy. You could just go to youtube.com/thestock market. Uh, hit the post tab and you could see my long-term or my Twitter. So, I do not own Panter in the long term, but we bought it at $9.

I actually told a lot of people about Palanter, some of their first experience, but then I sold it for a tax loss and then it tripled up and I never bought back in and then it went up 1300%. About I've never heard that. I've never heard that cake theory with graduation. Kind of makes sense, but I don't know.

I don't know if it'd move the stock unless it's like materially a trend. You had two cakes this weekend. One for your birthday and one for the confir. I saw the confirmation, baby. Hey man, happy birthday, too. All the birthdays over the weekend. I hope you guys enjoyed it. Okay, you and H climbing a little bit.

Spy even right below VWAP. Notice Spy tweaked out. Bonds did too. And then you unway on the bond move. And now Spy climbing up gently towards VWAP. There's Intel at zih high habibi. Ulta still going again. That's like $11 in a couple of minutes. I don't know what's happening. A lot of names did that though.

Be careful. It's not like some names. They just all had this little ramp. I don't think they are moving on any real reason except for like just straight liquidity. Ukrainian foreign ministry spokesman says greatest outcome of talks on humanitarian front and agreement for exchanges. Iceberg negative comments TMC short report.

That's the one that benefited from all those government contracts recently. the Apple and Google. No, I did not. The biggest news I got for big tech was the meta AI thing or the ad thing. I think it's huge, but I did not hear about that. I did hear something about like Google and Europe. Uh, and then I think there was something else on Apple and then we had a talk on Netflix last night.

I mean, Netflix, a lot of a lot of eyes are going to be on Netflix on the second half, both their release calendar and whether or not they're going to be having uh that outperformance or not. Tiger and Boeing. Let's see what the chat has. Yeah, a little bit. Boeing's chilling. Tiger, the small again.

I feel like small caps the last couple of weeks. More likely to run up intraday, but also more likely to rugpool you. But yeah, they're there. Let's see. China. China's in the green barely. Like barely. STX on the high. Tesla's still low. So yeah, even in the last like 20 minutes, a lot of names just barely went green there.

So that's good. Try I didn't like Netflix's releases last year, they got they had a good schedule planned for this year. But yeah, we'll see. Even then though, the year where they didn't have good uh they didn't have good uh like releases, the stock still did good. But we'll see. Fortnite one and the other got in trouble for their conduct conduct.

It sounds like they'll have effects on Google. Yeah, I want that. We've heard it for a while and it's either going to be big or small and it relates to the trade stuff in the EU things and how they're going to be doing that. last season of Squid Games. Is it? Oh, yeah. Didn't they release it? I forgot.

They released it in like two ones. They had a new season of Black Mirror. They had a lot of like classics, but yeah, I actually forgot about that. Domino's on the low. Damn. Domino's down 3.8. Pizza. Pizza. Well, that's good then because last time again, Domino's and pizza, they've been moving together, believe it or not.

Yeah. So, now they're matched up. Would you look at that? Holy [ __ ] Yo. Yo. Okay. On the two-year, we got a little bit more to go. We have a little bit more to go, bro. But yeah, on the one year though, we're matched up with Domino's. Now, this is amazing because that means they're either going to go together or pizza outperforms while Domino's gives us that market share.

That's amazing. Look, bro. It's like TLT in the spy, but now Pizza Hut and Domino's. So now, yeah, I like it a lot. Okay, a lot of things moving. GDX, PAS, and then SPY right below VWAP. Again, low ticker has some some activity still. We're not out of the clear. Still moving slow. This is like half of the speed of uh what we were dealing with last week.

Coreweave, they're climbing back up again. Core Weave was at 125 this morning, but then again, last time I did that, it sold off to 109 or something. The Tesla robo taxi, didn't they? It's like something in June or June 13th is that's when they're trying to do it. I don't think he's going to be in the street.

I think they'll have a couple out, but cuz remember like Whimo took a while. Like Whimo's been I've heard Whimo for so long and it's still not everywhere. It's only in select cities, but yeah, it took a while. So I think even with Tesla, I think he's going to announce something. He might have a couple of them out in Austin, but I don't I even then I still think it's going to take a long time.

And then it's Elon that we're talking about. So, we'll see. You took away Mo. Was it your first time? TM, bro. Big pop. Just at the high, but this thing's already up nine. I mean, usually it sells off. If that could keep going, that'll be great. But they had that short report last week as well, too.

Fed Logan talking. Risks are balanced. Market volatility is resilient. Woo. Labor market stable. Chewy on the high again. TM and SPY right at VWAP. Yeah, Unity is coming back up. Premiums are the same price as Friday. They can match Whimo's fleet in a few hours of production. So, Texas work gets ready.

slow ramp though. If they could, that'd be amazing. I would like to see. I'm I'm just air airing to the side of it'll take longer than shorter. But yeah, it's a it's a good one. J do D do D do D do D do D do D do D do D do D do DOT welcome J do D do D do D do D do D do D do D do D do D do DOT when were the Magen presentations well you just saw me ban the other guy for asking about a play So, I would stay away, sir.

Don't ask me stuff that we went over that I'm expecting you to know. So, that's not good. It's not good. But if you go watch when I made the play or that video, it has all the info. Please don't ask me. You got 250 from Elon for referring to Tesla? No way. NVE on applied uh volume. Sure. Let's take a look again.

They're the ones that did the deal with Core Weeave. They're already up 42%. How did RG You really bought a membership to tell me about a biotech pump? That's crazy. I'm gonna give you another shot. But that's that's terrible. Oh my goodness, bro. What? Bro, this APLD volume is insane. So, again, it could be wrong, but yeah, this is actually wild.

They're going to [ __ ] it up, though. So, yeah. APLD average volume is 38 million. It's already at 72 million. It's predicting 3500 million in volume or 358 million in volume. That's crazy. So, yeah, it's at 89 right now. So, even more. But it's expecting to have 356 million. Yeah, that was crazy. Good for them.

Let me see. I get you guys a screenshot. Oh, why' they scare me so hard? Good morning. Lemonade going. Yeah, that one from last week. People were pumping it again. There was a couple of headlines on it. They do a lot of I think people just like the hype but I like the volume and then unity this is just like last week again last two weeks these small caps they're the ones that are just attracting a lot I think a lot of it's manipulation US factory slips further but for the most part that's where the activity has been it is kind of insane Lemonade Vghetti.

One of them offered shares though today. Yeah, Lemonade's going nuts. Actually, it's back to 30. Didn't this thing go to like 200 or am I tripping? Yeah, it did go 170. I remember that. And then it even went 14 bucks to 60. It's like right in the middle. So, be careful. If you get on the right side of momentum, you'll love it.

But if not, yeah, you'll just be holding this for God knows how long. But yeah, not bad. INM cooled off. Yeah, that was crazy in the morning. NOX, Marvel on the high. Yeah, Marvel starting to rip again. Spy got back up to open. Uh, ISM was pretty bad, but there it is. NT on the high, Tesla, Nike, even Ethereum.

I've not looked at Bitcoin, mama. Yeah, Ethereum starting to move up right now. Very. And then Zcaler. I haven't looked at Staples or Healthcare in a while. So XLV is coming back up. Humanana or UNH big tech Apple's into the low though. Meta is still holding. Broadcom's ripping right now. Yeah, Broadcom's up 2.8 again.

Nvidia is up three or something. They're up one right now. Yeah, all the chips are doing good, but yeah, big tech is kind of hit or miss. It's really like Amazon, Microsoft, Google, Apple, they're all like right on the cusp. Even Google now. Google is doing a lot better. Head of Russian delegation Madinsky, Russia and Ukraine exchanged memorandums with terms for peace settlement.

Our memorandum memorandum contains steps to make a full ceasefire. Ukraine will study it. Pepsi. I'm waiting. See, this is what I meant by long-term. Let's see by this next couple of months uh whether Pepsi or one of these names that we've been eyeing how they actually like move. That would be good.

NVO's still holding. They did come down a little bit. Yeah, they hit that low and came back. Let me see that volume. I don't know if the dark pool show up. No, they do. Yeah, NVO is expected to have its biggest volume in the last two weeks. So, again, this could still be wrong. We noticed on uh Friday a couple of the predictions were off, so be mindful of that.

But literally, yeah, NVO's expecting like 20 million in volume. His last big day was like 16 million. Ecoe trying to come back. I forgot about that. Oh, let me get you guys the checkup again. It has been an hour or 30 minutes. Yeah, Eco's only down by 6. Spy down by.3, but that was wild just off the morning.

And look at the yen. I don't know what the bonds are going to do. They kind of look the same, but that is moving up. DraftKings and Flutter. There was uh Illinois, Chicago, they had news about like taxing gambling. Like if you do a certain amount of like revenue and gambling, you get more taxed. RV Y L unhalted $1 small cap running.

You're happy you created your long-term. That's a I I agree. Same same, bro. Same. Longterm is good. And I think these next these summer months, oh, it's going to be a joy. And I, you know, God willing, opportunity MOS, 52- week high. And then Broadcom still going. Whatever RV L is, that's your small cap.

I want I want to call it your small cap of the day, but you've probably seen like five or 10 of them so far. Let's see. Final report. No, they had earnings a couple days ago, but I don't see any news or prefunded asset sale. Expects buyer to close sale. Oh, so they they announced selling assets a while ago.

Russia proposed two to three day ceasefire on parts front parts of front. Madinski. Okay, more Marvel, more chips. Now Cisco, take notice. High ticker is gassing, low ticker is starting to freeze. So again, I see a lot of chips. Even TEM and a lot of small caps. Healthcare just went up too. They're still red.

If you could get Staples to play along, that'll be nice. Uh, watch if biotech bounce, but they're one of the bigger leaders today. I haven't looked at financials, they're still down almost 1%. Yeah, healthc care is a leader. Communications, that's all meta. Or if you could get like a Apple or Google to go up, that'll be good.

CDT now up 30%. says is a pharma but another small cap low price stock that is moving. IBM I saw IBM all day. Where's Dell? Dell was bad. Yeah, MOS NTR. These guys have been hitting 52 week highs. First day of grad school today. Wow. Congratulations. See you. Still locked into the market too. Uh DHI and Boeing.

Oh, Boeing selloff only 50 cents but kind of abrupt. Yeah, couple of things here. Core weave. Oh, it's not at 140. You're just pumping it. Well, good morning, Zach. We're gonna just take a lap around the block. Thank you. Give us some actionable info. What's that? Live news. GL Dubs VST. We've been watching that back and forth again.

NTR, NTR and MOS. And then uh even then VST like infrastructure and then shipping commodity industrial plays. Those are all kind of moving some more, some less. BMY CEO. Bristol. Again, Bristol is a pharma company, not like the Bristol that makes some of your home products, but I like them, but I like Merc more.

Then there is Fizer, but Fizer might not be one till 2026. Boeing is still going down again investment. Chris Borer in the US. Keep in mind, Bristol is um a US-based company by and large. Our infrastructure and our sales are mainly based in the US. So, that gives you a bit of a sense of our exposure generally.

You're absolutely right. These these supply chains are global. They're very complicated. Um we we source raw material from all over the globe. What we've been doing is engaging with the administration on a couple of fronts. First, we need to make sure they understand the complexity of the supply chain.

So any tariffs that are implemented are implemented in a way that we don't see supply disruptions. That's priority number one. Make sure medicines continue to get to patients. And then the second thing is it will take time to move some of these supply chains. Uh you know just tech transfer alone in our industry can take over a year.

So we've been engaging to make sure the administration understands those complexities and we'll obviously have to wait and see how things play out. And the other question that you know that's top of mind right now in Washington is most favored nations. this idea that Americans pay too much for drug prices and we need to get the prices here closer to what other countries pay.

And the administration basically gave you and your peers about 30 days to voluntarily lower prices. So a are you doing that? And if not, you know, what would happen if this most favored nation's policy goes through? What would that mean to you? Well, we're engaging with the administration very proactively and constructively.

If you step back and look at what the president said when he announced the executive order, there's actually a lot in there that we agree with. We agreed that countries outside the United States are not paying their fair share for the medicines by and large that are discovered and developed in the United States.

We also agreed that the US system is too complex. The president himself called out the role of middlemen. When you look at the price of medicines in the US, 50 cents of every dollar spent on a branded medicine goes to a party that had no role in the discovery or development of that transformational medicine.

We need to deal with that and the president's focused on that. Obviously, we have to wait and see how most favored nation will play out. We're engaging constructively and we think there are actually some opportunities for us to continue to bring bring prices down for Americans and what they pay for medicines and we're going to engage with the administration to do that.

Great. Well, looking forward to hearing more on that. Chris, it's all we have time for. Sarah, I'll send it back over to you. Great. Okay. Thank Thank you, Angelica. Thank you, Chris, for bringing us that interview from the ASCO conference. Time now for a news update. Let's get to Sana now for that.

Morning, Sana. Sar, good morning to you. Well, the man suspected of attacking a group of protesters in Colorado is expected in court today to face a slew of charges. The FBI says Muhammad Sabri Solomon yelled, "Free Palestine," and used a makeshift flamethrower to attack a group of people marching for the release of Israeli hostages at a busy pedestrian mall in Boulder.

FBI Director Cash Patel called the incident a targeted terror attack. Turkish officials say a second round of peace talks between Russia and Ukraine ended after barely an hour in Istanbul today. Ukraine's defense minister says Russia handed over its ceasefire conditions, but that key believes key issues can only be resolved a meeting of leaders.

The negotiations came a day and launched a massive drone attack on Russia's nuclear capable strategic bombers. and Poland's head. Conservative presidential candidate Carol narrowly won in a tightly contested election. According to results rel she did say flamethrower. Dude, there was a lot again the the Ukraine stuff over the weekend.

Uh there was another thing Israel did a move and then you had that terror attack in Colorado. So yeah, there was a lot of different things. Come back carbo. I'm here. I'm here. I'm here. I do. We got water. We got carbo Trump X likely to speak this week. That's from the morning. So be it could be uh the a trial balloon.

So you guys know when like just how we seen it to the downside. So that we had that in the morning. That was like some of the optimism why we weren't lower given what's happened. But just watch out because later when they like really announce it, it might it might hit harder. This is just the trial balloon for now.

Yo, TEM still going, man. GG's if you got that one. That one sells off hard when it goes, but when it runs, it runs. That's new. Well, even from remember that sanctioned stuff. Remember Friday, we started getting weird rumors and then yeah, it's kind of still playing like that. Powell has not POW is going to speak at 100 pm, but then it's going to be uh it's not going to be about policy, unfortunately.

So, ISM was the big data, but Powell, he might come out again. There was a rumor last night that Powell was going to resign, but I doubt it. But then again, he could always announce it and then just chill. But other than that, uh he's going to be at one and then he's not expected to uh do anything else.

You're going to do push-ups. Good. Do it. 7:30. We usually start at 8:30. I let y'all have the first hour, you know, because it's still bright and early. But I have I've been standing most of the day. That's I woke up very stiff. Like I told y'all the I had I woke up sore. I was working out over the weekend.

Man, if he resigns, I think the market would rip, believe it or not, because people wouldn't like it. At one point, I think the market was like, "Oh my god, we need Powell." But now, you know, look at the economy, things are good. But then we have uncertainty. People want rates and other things. I think the market would rip because if Powell stepped down, that would probably insinuate you have sooner and more rate cuts rather than not.

I don't know where the Powell rumor started from. No, I just think uh I think it in in all honesty, I think it's somebody pumping the poly market because you know they do that, right? You guys know you could create your own poly market like crypto and you could create your own betting pool and then you pump the idea and then if [ __ ] buy it at 15 20 cents and you had it at 1 cent you just made 1500%.

Did you know that? Yeah, that's what people do. So I think somebody just showed that poly market created it and pumped it. Uh but it's a because again pal is going to speak today and it was supposed to be a short speech and everybody knew that. Uh again that's why I was like that's funny but yeah then everybody came came around but yeah especially low liquidity nobody's thinking of this idea you create a crypto poly market and then yeah you sell the odds but I this is what I have been you know beginning of the year uh some of you may not have liked it but you know I've been trying to keep you safe and I've been very straightforward with a lot of you but like what do you guys think goes on like this happens a lot in a lot of different areas so just be careful of what you're hearing and why.

Look, spy coming down now. So, watch out again. Whatever that little China X thing we knew, now you're doing the sell. Actually, I kind of want to buy. Remember we did that? There was one of those plays where if you just buy a put on every one of the like smaller news pops, it just fades for the next 30 minutes.

So, we'll see. But I just think that's a little trial balloon because we heard about in the AM. NBO back Philip Morris going up and AAP from last week and all insurance. Yeah, AAP DMG. Yeah, NVL did good. Again, there's a lot of volume on NVO some healthc care and then biotech just a lot of drugs. I don't know if someone's going to make another purchase.

That'd be interesting if Fizer buys somebody or NVO. But then again, we've already seen a lot of healthcare M&A and then SPY is just dancing around here. Is Baba popping on that? Well, you just got CNBC read reiterating what we heard last week. So again, we already knew about this or what we heard this morning.

Uh but it is causing a small reaction. So see and remember there is like an outsized effect on the market here. You do still have like 400 plus names in the red. Big tech has an outsized impact and then we'll see what anything China or Asia could do. PGR's running too. Yeah. All the insurance plays.

Mhm. All insurance plays are moving. AL still's on the high again. Ultra and a couple staples but staples are still generally weak. And then I believe Core Weeave is still kind of up again. And Nvidia is not down, but it's still 1%. Google and Apple though, though, those are pretty mollywapped. Yeah, Google's down 17.

Apple's down. 07, but that could help if it could go. Upgraded pumper platinum premium plus. Oh, wow. We don't offer that one here. And some of them might have it. Yeah, energy again. The OPEC stuff caused Did it come down though? Yeah. Like I I don't know why. I think this just happens after a big move, but oil was up 4% and literally since cash open, all we have done is sell off on oil, but it's still literally up 2.9 today.

So, keep that in mind. All right, you're starting to move up. China is leading. So, good call whoever called that. See if that goes or not on this. If the spy goes up, see if the China names lead. Other than that, though, again, we've heard a lot. We've had data. We haven't heard from Powell yet. You're going to hear from other Fed speakers.

We already heard from Logan. We're getting stuff, but market's kind of doing its thing. Not really reacting to any of it yet. So, good morning. You missed the alltime high every weekday. No, I'm I'm like I like everything, man. I'm I got a longterm. We're chilling. Some weeks it's all-time highs. Some weeks it's not.

Some weeks we get deals. Some weeks we're like, I should have bought the deal. Oh, it's I love it. I love it. But I understand you guys. I I feel like six months in. Tell me, be honest. Some of you guys are getting tired, huh? Some of you are You guys will admit this easily because you hate Donald Trump.

But I'm I'm definitely six months in, bro. I'm I'm watching fatigue start to set in. I see people getting tired. They're getting sick of it again. Six months S&P no gains. Oh, dude. It's not This isn't a fun environment. And you go back and forth and back and forth, and then it's slow, and then it's fast, and then it's a rumor, and then they're lying, and then it's the truth.

So yeah, but I would tell you if pull take a step back, relax a little bit, you know, if you expect less, it's a lot easier to not get, you know, tired out by all of it and just enjoy it. And that's why I'm saying these next couple of months, uh, if it does, if it gets more tiresome, oh, dude, you're going to want to be thinking about that long term.

And then again, you know, let everybody run and run and run and you'll be rested, ready to go. It'll be a straight line when it's time to act. So that's all you got to do, man. I encourage you, go easy on yourself. Don't put yourself in a position to stress out from it. And that's what I'm saying. It's like I will tell you if you are getting tired, like look around, mother effer.

That's how you're going to win. You see what I'm saying? Like everyone's getting tired. Exactly. So, if you don't get tired, what what's going to happen to you? Tada. So, yeah, it could work in your favor, but don't let it work against you. And that's why I think long-term plans uh are are really going to prevail until we get, you know, more of a of a clearer cut break out or break down.

And even then, the long term still wins. PLLD the high ticker is moving but again that dynamic between big cap and small is wild. Just waiting for Trump to tell me to buy stocks again. Honestly, you could do that. I wouldn't I don't know if he's going to do it again, but yeah, that is also another strategy.

I don't It might work, you know, when you put it that way. The most nerve-wracking time 2018, hands down. Hands down. 2015, I thought the world was going to end, but I made a lot of money. But even it wasn't. It was a weird stress. It was like stress because I thought there was going to be the rapture, so it was different.

But 2018, easily the most difficult financial year of mine. Uh, and I think a lot of people could relate because it was a lot like what we're going through now, but you didn't but it was actually like real uh, you know, like it was a real liquidity crisis. It wasn't because the media told you to be scared of Trump and then we had no background of Trump.

Uh, you know what I'm saying? And like you guys know, I've held Meta for a really long time. Meta took a steep decline. I was down a [ __ ] ton of money. Uh, there was a lot of things going on and it was like scary. It was that was a one time where I was like, "Whoa, what the" and it was during Trump.

Uh I was like, "What the [ __ ] is happening?" Um but yeah, other than that, it's I think the last 5 years has been challenging and difficult, but I think we've adjusted pretty well and it's not it was it hasn't been scary. Like 2018 was scary and difficult. Uh, you know, I think a lot I think we've had difficult environments and we've dealt through a lot of history, but uh, sadly last five years has just been a lot of like [ __ ] from printing four trillion 5 trillion dollars or whatever.

It's I don't even think it was like real. Uh, I don't know how to describe it. It's like it that's why like 2018 was like the last real economic freakout. every freakout afterwards was just like it's it's backed by trillions of new money and weird global developments. So yeah, 2018 Corre. Yeah, the premiums are up.

Bonds are getting a red. I don't know if the market's going to like that or not. So let's see. Estee Lauder, I'm going to keep Baba up. You just got that little China trial balloon floated. We heard about it in the morning, too. Let's see if it actually carries again. E, some of the China related names.

Not bad. Yeah, high ticker 30 second one minute getting activity. Spy just holding. You're barely above the first opening candle. Core with what was that other one? ALD. That's the one with the big volume expected. Core weave. Still expecting bigger volume over the last five days because remember last five days it [ __ ] sold off.

Oh, lion. That's the Steve Munchkin stock. That was on Friday. He took a stake. Okay. VNO again. 30 second one minute velocity is doing well. I say if you could get a Apple or Microsoft or Google move that'll lift up the spy. Everything else could move green, but it might not move the spy. Yeah, you had Fed Logan.

I don't know. That just came out. I thought that was older. Fed Logan. Oil prices. There's a risk of lower production. No one cares about the Fed. Bah on the low. Yeah, oil popped at least again. Yen and bonds are go are carrying along. SPY's down a quarter. Eco8's down by point half. So you still have more names down.

Let's see. We are 748. It's been about 45 minutes. You only have nine names green on the Dow. So five more names went green on the Dow. 35 names green on the NASDAQ. So 20 names went red to green on the NASDAQ in the last 30 minutes. And then SPY 118 in the green, 330 in the red. But yeah, that's better.

It got better in 40 minutes. But generally, you know, you know the vibe. Yeah, Disney on the low. They were doing good in the morning. Bah again. Again, they had government contracting stuff last week, but yeah, they are selling off. B Ah, uh, who's the other one? TEM. Then Chewy, that one's moved up.

NVO breaking out again. A lot of big volume on there. It hasn't been at 72 in months, dude. Right. Yeah. Last time you were at 72 was in March before the freakout way like it. Who's the other one? There's one more medical company. Oh, Unity. They're not medical, but it's one of those hype plays. And then Dominion all day.

And then utilities on the high as well. Again, Spy is holding. You get a Microsoft Apple will be good again. Bah Booze Allen consulting on the low right now. like actually hitting a new low. Oh, our NVO starting to move a little bit. Same with Boeing, too. Where is Bobo? Roblox 88. That's killing it.

Pepsi X dividend. Yes, that is soon. So, I hope I don't know. I hope we get a good deal leading into it, but I think I might have to wait the quarter. I usually spend the cash once I get this high. So, again, last time we had $9,000 cash in the long term. Pizza. Pizza. We bought pizza and NVO, but that's how that's it.

I saved up from the beginning of the year and then it was too cheap for me not to buy. But yeah, every I said it my fingers itch. Even last week, bro. I thought I was going to buy for the long term, but then I was like, "No, I got to wait. I got Everything's right there. There's like good deals out there, but they're right on the cusp of just like they could really be a good deal or no, you're going to you just still just bought too high." And then again, based on our strategy, the lead, everything we have, you know, low cash, I only have 4%.

We don't need to force it. Volume check on Ellie like Eli Liy or El Ly. I don't know what El Ly is. So if it's too small of a name or it's not like really traded, I can't get data. I'm assuming you mean Eli Liy because there's no Ellie like Eli Liy. That's a big name. I could get that. Yeah, it's actually below average.

More volume is coming into uh into NV. NVO is going to have its biggest volume in two weeks. Eli Lily is below average volume today. Yeah, Megan, that one's a liquid as [ __ ] Again, we bought that one last week. We made a play. Go watch the watch list or go watch the stream. Don't ask me about it. But it is uh that's related to materials.

But yeah, Eli Liy is not is not going to have a big day volume wise, but NVO will. Lemonade still going. You guys saw that again. BNTX, there was all those vaccine headlines from the morning. Uh, UNH, let's check. UNH below average. It's already trading below average right now by this time in the day.

Remember that's what we saw last week. It was so weird. It felt we would have those big dayto days. Everybody felt like a lot was going on and then a lot of names would just be dead. So yeah, some of the like UNH after that like hype two weeks ago and all the big volume, it's it's really fell off. Yeah, they're not expecting a lot.

Powell PL on the high again. Powell comes out at one, but he's not going to talk policy. Ne a couple of energy plays going up. Yeah, high ticker is starting to really gas. 30 second, one minute, even five minute. That's actually fascinating because notice, look at the high ticker here. It looks very strong, but we're not moving.

Like, I'm telling you, you need you need Google. Google's down by 174. Apple's going up barely, but then Microsoft's still red. So, the big big tech has way more pull on the index today because there is a lot of names trying to they're advancing, but they're still red. But, yeah, it's not really having that impact.

Yeah. Well, some of them get volume throughout like NVO volume has been throughout the day, but a lot of most of them have been cash open then die then that's it, VOD, BTI and then MO and even Philip Morris. Those have been up all day. Dominion that goes up and then Chewy Tesla to 331. Where is Tessie?

Yeah. Well, not bad. But they've just moved up a lot from the low. But they have a lot of catalyst from Elon leaving to all of the what's it called? the cyber cabs croc short-term call activity or crocarooni. Well, let me check their volume. Crocs is expected to have double the above the average volume.

So yeah, it doesn't look like it, but this thing is trading. Yeah, it's trading above average volume today and it's going to eBay, Philip Morris, BTI, Restoration on the low. Yeah, eBay has been up one too. So I said there's been some names that are just chilling today, but again, most of them have started off slightly red.

Did you see Walls speaking, clapping? I did not. La, no exaggeration, the last time I heard from Tim Walls, he was clowning on on Tesla stock and then since then it's up like 50%. But no, I haven't followed up with with that goofball. Was that what he calls himself? The goofball. He's just a goofball.

SPY hit a new high, but people have been talking about that even last week. But last week you had futures hitting a new high, equities didn't. It's a weird, bro. It's been a very weird market and that's why I think people are getting very impatient and again the banks on Wall Street now. People are starting to call breakout or break down.

I think we might get disappointed and then it goes really slow. But long story short, I I do think some people are are getting tired. Oh, knucklehead. That's his name. Not a goofball. Yeah, knucklehead. That's That's our knucklehead. When you say fully gassing, like you see these bars. So that's like the max is when it hits here.

That's like full velocity, full velocity. So look, 30 second, you almost have it maxed out. So that means there's a bunch of stocks hitting new highs all at the same time in the last 30 seconds. Then the middle line is the one minute and then the top line's the five minute. Mhm. And Baba TM takeover bid.

No. How in to announce acceptance of 42 billion takeover and other how is it moving? It's up 20. That doesn't make dude Toyota's massive. Who the [ __ ] is going to buy Toyota? Yeah. Toyota to announce acceptance of 42 million bid by Toyota. Toyota buying Toyota. Yeah, it's weird. Yo, Guild on the low.

Whoa. Check if there's any bad FDA news. And then UNH investors uh lawsuit. It's not big, but yeah, watch out for Guild, bro. Guild 110 to 108 in like 10 minutes, but now it's doing the death flush at the low. Yeah, Google Toyota is selling to it's like one industry to the next. There's multiple Toyotas.

I don't think I think it's a it's a dud and it's not like a real selloff. And then watch Guild right now. See, I'll get you more details on both of those. I'm going check guild if there's anything breaking. And then we'll go to the Toyota. No, but I don't There's a combined drug release with Merc. Um, you're not pumping Maggan.

No one's I'm I'm not getting mad at that. Like I said, just please don't ask me for the play. And if you want the information, it was on the video. Otherwise, I don't know how people even know about that one because I didn't even mention that one unless you were live. So, it's odd that people are asking me about it because it doesn't make any sense.

You should know all of it if you know I played it. So, please refrain uh because you did ask me about it this morning, too. Your chatf facts did not lie. You said, "What is the play for Megan?" So, please go watch the watch list. But in that case, okay, Gild. Oh, Guild. We should have taken that. I don't have any news.

Uh but yeah, Gil just took another $4, bro. That's crazy. That candle right there, that was the money. If you were positioned on there, you would have killed it. They all just doubled. Oh yeah. Oh yeah. Yeah. Yeah. Let me see. I have some cheap ones, but nah. Yeah. Three 400% on that guild, bro. If you took it, bro, it's right in front of you.

I didn't take it. I was looking at the news. I was just telling you. I'm like, I can't see anything. I haven't even gone to the Toyota one yet. But yeah, guild. Damn. Yeah, we just had it on screen. I just saw it moving, but I didn't. I was confirming the news to see what it was, and then it just took another two, $3.

Yeah, bro. There's a lot. You Some of you got them. I see it. Some of you snag like 12-cent ones. Those are fire, bro. Good work. Good work. Spreads are wild now. That's it. If you like I said I'm not I'm not chasing it but if you were in there while I was searching for it and while we had it on screen that's if you just took a small one those hit still going down.

I don't know if Apple pops watch the spy to lead. That Toyota stuff's weird though. So, let me get to that one continues to propose global standard for automotive chiplets. Yeah. No, the Toyota I think the Toyota one's a dud to be honest. Apple's really going though. Thanks for the Gail call out. Hey man, I hope you got it, baby.

That was nice. that one. But again, I hope you guys learn, too, cuz that's that's not the one that you chase. I hope you guys see it. We had it up there. We're looking and then it and then it flushes. You don't chase it after that. That's the candle that makes you money. But you don't chase that one unless you really know there's more info.

But now it's already down three. So, not bad. Etsy on the high again. Apple Guild. Guild is at a conference. Is that what it is? CEO mentioned he want to go to Toyota's roots and go private. I don't think I don't see that one yet. I think it's they're like trying to do some spin-off [ __ ] But like I'm saying, that situation's murky.

I don't think it is what it sounds like. So just aka Toyota's a 300 billion dollar company. They're not getting bought out anytime soon. So I he might be saying something, but whatever it is, I I don't think it's actionable yet. Uh, who is it? I want to see the guild presentation if I could get that.

Okay, Nokia on the high and a couple of Look at the high ticker is still going. That Apple lift you up a little bit. Anything to read into the silver surge? Uh, no. Just metals probably in materials. Like that's kind of how I look at it. I know a lot of people have brought it up, but I I know this might hurt some of you guys, but I do not care about silver right now.

I do care about gold. And then I care the only ratio with gold that I care about is gold to TLT, gold to interest rates. That is this the gold to real interest rates right now. Phenomenal. Oh man. So like I'm telling you, if you guys are investing in bullion, that's what you should care about right now.

gold versus the interest and interest rates. It's insane. You've never seen anything like it. RH, that might be next, bro. They're already down. Wait, I swear I just saw them on the high. No, that was on the low. But yeah, RH dumping. Those have wide spreads, but Oh, those hit if you're on the right direction.

Yeah, Spy just got a candle. Not anything crazy, but probably either big tech or the smaller names taking a dump as the money floats now back to big tech and back seven. That guild is still up. Yeah, look. So, Apple went down, but see, Guild is kind of all over. Yeah, Toyota Industries is a subsidy.

That's what I'm saying. It's not like it's not going to sound how it it's not what you think it is. Where is it? event calendar. Uh, today's June 2nd. What? This makes no sense. Yo, so Guild, they present at Jeffre Healthcare Conference on the 4th and then global uh Goldman Healthcare Conference is on June 10th.

Today is a strategy update call. They had a strategy update call at 2:00 a.m. 500 a.m. Eastern. What? Yeah, Guild is still Yo, the guild puts are going higher even though the stock got a green candle. So yeah, I don't I I don't know if there's another one or the company just gave their own little guidance call this morning, but super early.

That's I'm like fascinating. Yeah, 2 am my time. So 5:00 a.m. Eastern. And then they have again in two days Jeffrey's conference and then gold. I didn't know there was a Goldman Health conference. I was only looking for the commodities conference. But yeah, palanter on the low. Whoa, Tesla now, too.

And then Spy ripping. Yo, you got Tesla big flush and then spy is just tweaking right now. Spy doesn't know to go up or down, but you're getting something. It looks like something's coming out. You don't see any headline yet. Dana here. DHR, Nike, MTSR. There's a lot. I don't know what the hell is going on with Tesla.

Panter 2. Nothing's moved yet. I don't have a headline, but yeah, that just tweaked everything. Those candles I do believe were real. Yeah, it flipped you down and then up and now you're back to 5900. Hi. Did ALD break 10 again? That one expecting like 300 something in volume. A cam on the high now.

Again, AAM's kind of related to some of that infrastructure stuff. Yeah, AAM getting volume. I haven't seen where they've been at. Oh, that could be a good one. Check. Keep eyes on AAM. Guild is getting a [ __ ] ton of You guys are FOMOing Gil. It's either you or the ALOS, but all of the guild puts just skyrocketed on I think they were sells, dude.

Yeah, somebody sold 400 guild options at the low. They're hustling. And then BMGL that was up and now it's dying. They're probably offering uh shares just resumed. But yeah, be careful on Guild though. They're just dumping premium now as the stock is going up because I was like, dude, where did all that volume come from?

Donald Trump and Xihinping likely to that keeps getting pumped again. We heard that from the AM, but that's coming out now. That's the second time you've heard it in the last hour because they hit it here, too. No Zen music. I'm waiting. I'm I'm going to pull out the Zen music when we need it. So, nobody's been uh You guys started off good this week.

You know, last week y'all were on one on Monday. Y'all like, yo, let's ask the same question a hundred times. Hey yo, let's ask all the easy [ __ ] and then ignore all the [ __ ] that matters. Josh, so then I had to throw a delay on. I had to ban some people. So, but no, y'all good for now. But if we need it, I got I have it all.

I have break glass scenario. We have Zen music ready to go. I like Lulu. I I don't like their price, but you know, fundamental value metrics, it's pretty much valued almost equivalently to Nike. So at that point it's just which one do you like more? Yeah, Tesla's still going down. If you got a headline on that, I'd watch AAM again.

A lot of these like industrial plays have been doing very good and I like how they're moving and they have a 25% gap between their last gap fill. Yum on the high. Domino's down again. The big news today is pizza and Domino's on the one year have now are starting to inverse. Guild has FDA approval June 19th and Congress bought it.

We'll see. They have a they again they have a some strategy conference today that the company put out and then in the next two weeks they're going to be at two different events. But good info guild. I don't know what Tesla is again. Ford and GM were down though. Well, that's what we were talking on Friday.

Remember the aluminum stuff? Then Nikey's on the high spike coming down though. So, whatever these little back and forth pops and drops are, I mean, you're chilling. Tesla Taylor, are you the Benzinga Taylor from like three years ago? The name looks so familiar. But yeah, Tesla, I don't I have no idea.

All I know is that this little box is not moving normal. And again, just like we've seen with the market, we're not getting that follow through. But Tesla went from bad news, bad news, bad news, bad news to bouncing 100 something% and then just chilling. But now, like even with the good news, it's not reacting the same way.

So I think price action is going to be very odd. Ben Penzer. We need to read that again. Actually, robo taxi month. Well, I want to see when Tesla comes out with it. But yeah, I don't no idea what's happening here. Elon doesn't matter if Elon leaves and now it says ever since it's gotten past what ever since like the 3:15 it's been in its started to move a little different but then again that's a very high evaluation once again for Tesla and then Nike all day today long-term BB long-term looking fat it is indeed get a longterm and get a crib VST on the and Netflix and Ryan Air.

A lot of things, man. I'm actually surprised. Look at again, the high ticker has a lot of activity and for the last hour or so, 20 minutes shy, we've been at the same exact price. That was a little uh China trial bubble that we got. Yeah, it's ridiculous. So, this moving a lot slower than last week, even volume-wise, but it's all big tech, dude.

I don't if you want the spy to move. Otherwise, go play your individual names and they might hook you up. But if you're trying to play the spy, you need big tech to actually move and big beautiful long-term. That's it. I tell you, turn it to a house. It's a good idea. Good morning. All right. Uh yo, real estate stocks, bro.

Yo, MPW and O and then the whole ETF. Why are they starting to come up? I don't know if SPY and uh bonds. Yeah. No, Yen's coming down. Interesting. Then TMC, I think they had a short report in the morning that they're coming down. But yeah, watch real estate names MPW and O. That's that's hella random.

It doesn't make any sense. And now they're moving, Meta, and then Roblo again. Watch if you could get Apple, Google, Microsoft. Those are the ones really. Google, especially Microsoft's in the green. Apple just went green on this and then it flipped down a little bit. Yeah, if those go, you'll be good.

But yeah, like I just said, real estate. I just saw like three or four of them move. And then even the ETF real like real real estate's doing better than financials and staples today. That's not that's weird. Again, bonds have been destroyed. Yeah, Netflix. That one started going crazy. That one's been great.

Again, Google is the one lagging the most. Even Amazon a little, too. That's what I was saying. If you get those moving, Spy will move. Other than that, if those don't move, nothing's going to happen. Even with Meta. Okay, Austin, you're starting to get weird. So, I love the long term and I'm glad you're hyped, but if you don't post anything else, um, yeah, I'm banning you.

So, take a lap and thank you for playing. Mhm. BMGL. That one's still dying. Netflix 52 week high. Alltime high. Every high. Where's NiveDA? That would be That's the other one, too. Niveda just hasn't moved. It's staying 1%. I don't think those are real wicks. I just put up Nvidia. I don't see anything.

The ones on the spot, all of these are real. We haven't gotten any other weirder ones, but yeah, it's there. Richest man in Babylon. Strangest secret in the world. It's another one in Proverbs, New Living Translation. H Booze Allen still there. Where's Gil? Is that pizza? Oh, pizza. Pizza. All right, pizza's back to green.

And I'm telling you guys, this is the best news I could offer you. Pizza and Dominoes are now flip-flopping. I don't think you realize this could be a whole new world. Look at that. This is amazing. But yeah, so look, Domino's is down three today. And then pizza has just gone green. That's after holding that rally.

And then Root, that's the other one related to Lemonade. And then Spy has not broken out, you guys. So, as you're getting all of this stuff happening, bro, it's not like, dude, think about it. There's a lot of activity. Look at the high ticker. The spy is same price as last hour. Might even come down right now.

And then again, bonds are going with the yen. Uh meanwhile though, real estate stocks are going up, which is interesting. A whole new pizza filled with sharon and more. No one to tell us no. Or it's shitty dough. Now I'm in a whole new world with pizza. It means family. Okay, there's a lot going on.

A lot going on. A lot going on. But bonds are about to hit a new low for the fourth time today. Then NVO, not bad. Not bad at all. K web China. Look at that. We'll get on a call. We'll call them. We'll talk. Maybe instant message. Yeah, Boeing hasn't move. Where's two Boeings? Two Boeings has moved.

One Boeing hasn't moved. And then the whole index is up. I said, watch this earlier. I kind of forgot about it. But yeah, that's kind of good. K webb and the Asian plays have continued all throughout the morning. How do you escape working 40 hours a week? Save money. You save money and focus on increasing your income and then you get into ownership of assets.

That's actually the only way you do it. This is why if you don't remember me saying get a longterm because your capital will outpace your labor. That's what you got to do. That is all you got to do. Mhm. Shakaroni means family. You pay Josh five. I don't like your name. Now you have to pay me another five.

Show some respect. Thank you. I don't take it offensively. I'm just saying I don't tolerate you. There's a big difference between genuine affection and people who throw shade. So if you you throw a little shade, I don't [ __ ] with you at all. I'm not mad at you. I'll forgive you, but I don't [ __ ] with you.

So now it's gonna Now you should make your name I pay Josh nothing. Make your name normal. Be normal. But now you do have to pay to try again. I know. I know. Pizza going up. I know. Fire. Yeah, we've I've talked about fire from 2018. Uh believe it or not. But yeah, those are those are it. And I've always told you guys, your labor, your capital will outpace labor.

So if you are working 40 hours a week, nothing wrong with that. Uh it's actually a good thing that you're working and working a lot. But now, what do you do with the money? Stop gambling. Stop wasting your money on things you don't need and start taking that savings and applying it to stocks and real estate.

That is exactly why I'm telling you guys our long-terms are going to turn into real estate because that's part of this plan. Again, stocks in real estate can make you more money than you'll ever work in a year. That's the whole point and that's how you escape the work week. That's how you grow. It's going to be by owning things that can make you money while you are sleeping.

And while you're working or not working, you own other things that will be able to work for you. CSGS decent pop one and a half off of one candle. If that gets uh again you take another dollar that'll trigger some of the momentum stuff frog. Mujx Well, even if you own your own business, this is the hack, you guys.

The fact of the matter, assets will always outpace labor. Everybody knows this. I learned this very young, and the moment I realized this, it it turned me from the farmer to the banker. That's it. That's the richest man in Babylon. Once you understand this, your whole life changes. No matter what, whether you are a business owner or an employee, you must realize that good quality assets will always outperform labor.

So that's why it is our job to make sure that we buy good quality assets. That's why I've been telling you this every single day. Literally, no exaggeration, I've told you this every single day for 5 years. That's why I'm saying we need to focus on it. That's stop gambling. Stop being dumb right now.

Look at the opportunity. Look at value. Look at staples. Look at some of the cheapest names you've ever seen. This is how we're going to do it. You may it may not seem like we're doing something now, but in the long run, day after day, year after year, we own quality assets. They are going, no matter what your income is, those those quality assets are going to start working.

And that is the general idea. And I don't care if you're a business owner because you take your profits from your business and you do that. Again, real estate, that's why I'm saying, oh, don't tell me whatever you think about real estate. That's part of this game of growing assets that can outpace labor.

So yeah, and it starts with that quality. So it takes time. It's not going to be, you know, a lot of people want to get out of the rat race or working. They want it to happen quickly. No, every day though, you plan for it and you save. within a couple of years. That's how we can, you know, start paving a a whole new path.

And then it'll be a lot more comfortable and your assets will be growing for you and working for you while you're working or choosing to do whatever you want. Every That's why be a owner. Doesn't this all sound familiar? Saying you got to own something. I tell you, don't don't don't look at the stock.

Don't learn about the stock market. Know all of this stuff and not become an owner. That's crazy. But that's what happens with our generation, you know, the the new generations too. We have so much information that it's not that we don't know things, but we have very diff we have trouble prioritizing.

Like I'm saying, a lot of people know about puts, but they don't know about other stuff. Again, people know about the stock market, they know stocks, they know industries, they know everything going on, but they don't know about owning and they're not owning. that that that is unacceptable and you guys have to make sure that you that you own from the moment you know this game.

Unh executive speaking now. Oh, is it at a conference or is it where is it? Let me see. Uh, yeah. General meeting 8 a.m. There's our Should we listen? I think we should. I got to register. Oh, control number. What? Oh, no. I'm gonna do it as guest. First name Luigi, last name M A R I O. Email legit claim deniedgmail.com.

Enter company name Mario Bros. Inc. Uh individual institution. I'm going to do other. Yeah. No, this is my login play. Yeah. I see Luigi Mario legit claim deniedgmail.com. Mario Bros. Inc. other. Let's join. I'm glad to be a part of this. Go answer me for a question. For UNH directors, uh we don't have a hard policy in terms of retirement, but we do have guidelines and those guidelines uh take us to about the age of 75.

Um and we have been managing uh within those guidelines. Thank you, Steve. The third question is, how long will it take the company to get back to normal margins on the MA business? Could this be fixed in 12 to 18 months? Um, I would say that that is a uh a question around financial matters and we have suspended guidance and are uh endeavoring not to respond uh to uh questions that are basically oriented around that until we uh reestablish guidance on July 29th.

Okay. So July 29th they'll come back with guidance but he's not going to answer anything that we have. This is what I was trying to tell y'all though. They wanted to know 12 to 18 months. All you guys who wanted to buy the things we were talking about risk isn't that the risk is that the company goes to zero if it's like truly fraud.

The other risk is that it takes you forever and you go nowhere for years or months from that point of view. So yeah, but at least they'll give back guidance in July. But and the last question is provide an update your knowledge regarding government investigations. T is nuking. Uh yes, I think Chris that you should really respond to that.

Yeah, this is the question on the government investigation. We um we will not typically uh discuss or comment or speculate on open government investigations. I can tell you that uh coming down the company will show up in our filing and Microsoft at this point we've disclosed Molly. Same with Amazon.

Amazon went back green though. So with that, I understand there we have no further questions from the shareholders. Thank you for joining us today. No, now bonds are going more. That's it. The meeting has now concluded. What? Thank you for joining and have a pleasant day. That's it. All right. Well, no, that was very une Now the stock's ripping.

That was very uneventful. But yeah, they just said they don't comment on anything. They're not worried. They're not going to give you anything on guidance. Best case, you wait a month, end of July, then they'll start coming back with guidance. But yeah, unhooch GDP Atlanta 4.6. Previous was 36. That's crazy.

Then TM again. All right. Yeah. Now UNH going down. But I still again unh like I told you guys just poundforpound it's uh it's one of the cheapest valuations for any healthcare company. Again any company with that many employees that much revenue EPS it's the cheapest but obviously they're going through stuff.

And then again the timeline that's what you got to really think about. Chat GPT surpasses 366 billion searches in 2024. Trump talking. Donald Trump. Donald Trump. I don't see him. No, I don't see Trump yet. The thoughts on the dollar. I think the dollar is going depending on where it settles, it's going to change everything, but I would not uh I'm not as worried as some people.

Like again, some people think their dollar is going to fail. Again, people on Bank of America or Morgan Stanley, they think the dollar is going to get totally clobbered this year. But at the end of the day, I still think as long as uh as long as there's no major shift in uh in global relations like a like a crazy one like a pretty much unless there's World War II and even then that'll help out the dollar.

I'm not really worried about its demise. I think it will always be relative. So, but either way, the general consensus so far this year though is that the dollar will weaken. Beginning of the year, it was a stronger dollar, but then that all changed with the with the policy shifts. But that's my take mixed in with what Wall Street thinks.

Yeah, you're right above VWAP. This is all mag seven. There's a lot of moving around again last week. The last couple weeks has been weird between staples and whatnot. So, we'll see. silver, gold. I don't care about silver ratio. I I think silver's been going crazy and everybody keeps asking, but I'm just not the guy who really cares about silver.

It's funny because I own a [ __ ] ton of silver, but uh physical silver, but I'm not uh Yeah, I think gold to interest rates that is truly the uh the the the main ratio. Yeah, Europe. Oh [ __ ] it is it is Euro close and it also is pushup time. Yeah. Where was it? Yeah, this is a new high for silver.

Stupid, bro. Yeah, silver is at $35. $3435, but it hasn't hit 35 yet. There's been Well, that's why everyone's talking about silver. Do you know how many [ __ ] have been buying silver like a penny stock? Silver is like the is the penny stock for gold. Does that make sense? Cuz everybody, think about it, gold would be crazy.

Gold would be thousands of dollars an ounce. They'll be like, I could buy silver. Where is it? Where's my two ounces of silver? Oh, there it is. There's my two ounces of silver. Look at that. This [ __ ] keep going up in value, bro. Silver is the penny stock of gold. Josh answers 2025. It's a good quote.

But it is that's why like so that's why you're hearing about it. It's breaking out. It's about to get again. The last It's been years, bro, since you've ever got last time you were at $35 was literally the [ __ ] market was crashing 09 again. And then that's when gold did its first real surge. Uh if you guys recall, some of you do.

But long story short, just silver gets exciting here. A lot of people bought a lot of a lot of [ __ ] silver because it's easier to buy if you're into bullion and you could buy way way more. But at the end of the day, that that's why you're hearing about it. But in all honesty, gold is the leader on the year.

Gold is going crazy and all that matters is why are people buying gold and bullion and then bonds? Like look around you guys. I do not see what the world is saying. In the last 6 months, even before Donald Trump, the world is highlighting something there. Like I told you, everyone keeps asking me about when do I buy gold?

But I'm like, dude, gold is gambling on the price of money right now. Gold is trying to figure out the price of the world right now. And you want to gamble on that? Like look at what what commodities and bullion and gold especially are saying even Bitcoin people are not trusting stuff and it's not just because of us it's like it's not even risk off they they just don't trust everybody is going towards hard assets have you not realized it so think of right now there's a group and there's a generation of young guys who don't give a [ __ ] about it but look at where all of the money is.

Everybody is buying hard assets. Do you guys not realize this? In the last year, not just six months. Look in the last year. Every hard asset is up. Gold, silver, real estate. Think of Bitcoin. Bitcoin's digital, but it's just anything that's an asset, and you're like, "No, no, no. I want this specifically.

I I get separate possession, and it's not related to the dollar." They want real assets. That's why Bitcoin's kind of weird how it plays into there, but you could kind of argue it's there. Again, they want stuff that is different and not derived from the dollar the same way. So, yeah, it's I wouldn't even call it safe havens because look at everything's ripping, right?

Everything's doing good, but there is a they're prioritizing real assets and for some odd reason and it just with the direction of things going uh with spending and governments and trade and all of that. No news on bonds today. No, they were actually doing good earlier and then flipped. Are gold revalued?

No, we don't we don't revalue gold. You see what I'm saying? So, right now, gold is just determined by the market price. Back in the day, we used to revalue gold because we had an exchange rate with gold. We used to say $25 will get you 1 ounce. $32 will get you 1 ounce, right? So, we valued one ounce at $32.

Uh but now we don't value the price of gold based on the dollar. So, our values of gold and what we hold is dependent upon the market price of gold. So, we don't do any revaluing because we have zero connection towards the value of gold except for supply demand. Well, it's not like inherent in people want real assets.

That's just the they want they have more faith in stuff that is not paper or not a stock. That's why Bitcoin is so unique because it's kind of paper. But then again, you get your little unique piece of the blockchain with only 22 million supply or whatever. So it just they're unh flushed. So that's kind of the the oddity about that.

But generally it's people don't really care about the value. They just want the hard asset because if you're not trusting other things, you may not know how to value the hard asset, but at least you have something, right? What happens if your paper dollars change overnight drastically in value? You have nothing, right?

But if you have a house, you could live in it. You have gold, you could throw it at someone. Uh if you have food, you could eat it. uh you know bullets you could defend yourself right it's a silver you could build a conductor but there's all these different things but people are just valuing a real commodity or something different than a US dollar or US stock and even foreign stock this goes well beyond the US oil you could power an Yeah, they said that's why They're stopping the penny production.

So I think in what 2026 there will be no more pennies. Root still all these little insurance plays are going ham. They're both up seven to eight. Root lagged and then caught up. Then Barnes at the low INVX 1490 to 1503. Small pop, but a lot of things chilled out here. It's one of the only things on the high ticker.

And again, NASDAQ down by 0.03 about to go green. You need your big tech. SPY down 28. Equal 8 still merckked. Dow is struggling today 6. And then Russell down by 19.19. So not bad. Yeah. Unch flipped. Microsoft, Google, Apple, Amazon. Your favorite names. I'd watch those. Yeah, Meta Nvo still doing great.

VST all day and then yeah, like I said, unh people realize you're not going to get [ __ ] for another month if that. And then again, they didn't give you any color on any 16, 18 months out even M&A activity. Electricity is going to be the future. Uh well, it is. Uh it just sucks that commodities don't really make you money.

That's just the problem. That's all. Like I love that's why like if there's like new tech and energy, it could be big, but they're very few and far between. But commodities, energy, you need to put in a lot of money to make a lot of money. Otherwise, they're not really like growth drivers. That's why people buy them as like safety and stability.

Uh or if you have a lot of money and want to just have stability and generate income, that's where you go to energy, commodities, stuff like that. But that's why I've stayed away from it most, it's not like I'm against it. It's very very useful, but it's not really going to be the stuff, you know, you buy today in 20 years, you're like, "Wow, you know, maybe some of these nuclear names, if it really goes there, but eventually they're all going to kind of level out and you you benefit off the cash flow." That's that's the beauty.

Energy, utilities, they cash flow all day. You need energy every day, right? So, what's the business? The business is money every single day. That's different than somebody who can double, triple, quadruple their size and scale. That's that's just a different type of company. Yeah. Exactly. Play Monopoly.

No, who cares? If you own all the utilities, you don't make a lot. Exactly. It's cash flow. Even in the game of Monopoly, cash flow. APLD ripping. Hey, Habibi. Habibi Roma. Okay, watch UNH if that breaks 300. Yeah, APLD. The premiums are lagging a little bit though, but just the spreads. Yeah, it's literally just the spreads there, though.

Not bad. Oh, Maggie. That one's starting to go up now, too. NRG, literally the ticker. And then ADT, is that MU? There's a lot of small caps on the high right now. My goodness. All right, we'll see. Where do demographics fall like for utilities and energy? I don't care about demographics uh for that.

Like I'm because it it all works the same. Everybody, like I said, everybody uses energy. Everybody needs energy unless it is a new energy technology. It's those businesses revolve around cash flow and cash. It's not growth business. Sigma on the low. So now they're all going. Nvidia is starting to curl up a little bit.

That could be good. But again, you'll need Apple and the other ones. Yeah, Niveda, bro. And then Micron again. Micron had headlines last week, too. No. NBO. Oh, for real estate. I don't I like American real estate. That's it. Unfortunately, I've have very minimal experience outside of the US. I've done a couple of stuff.

Yo, pizza. Pizza. Oh, no. Bro, what is this candle? Give me a rumor. Come on. Pizza. Pizza. How come? Wait, where are my [ __ ] pizza options? Yeah, the pizza options aren't going up as much. They're still holding that 100% on the bid, but it's climbing. I don't have any. Oh, what is this? Papa John's introduces cheddar crust pizza.

New take on classic favorite pizza. Pizza. That's the only thing I got. Mhm. Oh, and then they're at Oenheimer Conference June 9th. Consumer growth and e-commerce conference June 9th, June 10th, 9:45. That's all I have on there. You bought some pizza stock last week because I kept saying pizza. Well, I'm banning you.

Uh because that's that's what sucks is that I want to have fun. I want to do stuff, you know, and then like this would have been a great investment at $30, but then the people who are late, you guys ruin it because I tell you don't buy any name that I'm up on. I'm not trying to hurt you guys. You know, when I say pizza, I'm not trying to pump it.

It's funny. Uh and I like it and I've told you all of my thoughts on this and we're up 50%. But that that's not our strategy here. You don't go and buy 50% higher. You don't buy 30% higher. That's foolish. Even if Josh says pizza pizza, that's that's a stupid stupid reason. So, that's not what we do here, okay?

And I'm sorry. I'm not trying to hurt your feelings. I'm trying to protect you. Uh so, don't let I'm not here for little jokes or our culture. They that doesn't equate to bad financial decisions. Everybody's having fun on this stock because we bought it at $30, not because we bought it in the 40s, not because we are there.

So if if you're taking the humor and using it to [ __ ] up your portfolio, that's that's crazy. That's not allowed here. Okay. Pizza at $30. Everything else, what the [ __ ] are you telling me about? That's not, you know, you buy Pepsi. Yeah, that that buy Pepsi. Why don't you buy Pepsi and tell me about that?

That's not a recommendation, but you know, I don't I'm very very against people buying my plays higher. And you guys should be surprised cuz anybody on YouTube, anybody in the stock market world, they love it when you buy their plays higher cuz you're pumping it. That's what I'm saying. You could buy it and make my stocks go higher.

But no, no, no. I want you guys safe cuz look, I have thousands of people in here. They're not falling victim to FOMO. All they're doing is following along and they're riding this [ __ ] from the literal bottom and they that's it. Like, you know what I'm saying? Why would you buy it anywhere here when you could have bought it safely, easily, and been enjoying the show?

You know what I'm saying? But that's everybody on Wall Street would love for you to buy higher. I hate it. I hate that. It pisses me off. I don't want you buying any stock I buy for 30% 40% higher. That's ridiculous. I want you to buy it on the low. That's I want you to use my portfolio so that you could get better deals.

I don't want you to get worse deals than me. What's the point of me going first if you get a worse deal? That's stupid. I want If I go first, I should get shot 20 times and then you should pick up the scraps and get a way better deal. But other than that, this doesn't make any sense. Please do not buy anything at a higher price than what we buy it at.

And if you think you're going to get rewarded, you will not. I will ban you and I'm going to reprimand you. And at the end of the day, who cares if Josh says anything because it's your money. I don't want this to flip against you and I don't want it to hurt you. You know what I'm saying? Very simple.

That's all. So, be safe. Be safe, baby. Pizza. Pizza. I can say that's why, bro. [ __ ] all of y'all. I'm gonna have a lot of fun. I'm going to try to do. You said pizza. Pizza. So, I didn't buy it when you bought it at 30, but I bought it at 45. Josh, that's that doesn't make any sense. Yeah, Wendy's.

Now, everyone keeps asking about Wendy's now that pizza went up. But yeah, did the pizza options move? Nah, no, they're not. Pizza options are still lagging. Those June ones, I keep saying that. Last week they finally broke out, but now stock is up. Stock is outperforming Domino's and it's still not doing it.

I just have a lot of them though. I don't want to [ __ ] go crazy. But then again, I already made mine free. I have the lotto and then I made the other one free already. The lottos have not moved. The lottos are just 10 cents on the bid. Or you could get the 65. Yeah, chilling. Nike is cheap, but it's up from the bottom.

I'm still down on it, so you could justified in that sense, but like I've been telling a lot of people lately, I'm not a fan of buying that. If you want to insist on it, I'm right on it. So, good luck. At least you're getting it cheaper. But I would still rather take the name that's not up 15% in the last month.

Yeah. The funniest part about pizza, that's not even Papa John's's slogan, you guys. So that's ridiculous. Again, you should have bought Yum Brands or somebody else. But yeah, pizza pizza is Little Caesars. So like that is really funny if you think about it because I'm not even promoting the stock technically.

I'm promoting its competitor. I don't know. Tempest AI had a short report last week and then now it's up. Okay. The bid on the pizza options moved. They heard me. They're like, "Josh, I bought Advanced Auto Parts." Why? Because you kept saying, "Get in the zone, Autozone." So, I bought Advanced Auto Parts.

Okay, I guess so. I guess I guess so. Pizza. Yo, y'all are missing the biggest thing about this, bro. [ __ ] all of this. We're about to overtake Domino's. That's all I care about. Give me one quarter where Domino's go. I didn't I tell y'all we just need our I'm ordering a pop Who want a Papa John's pizza right now?

Who want one? Who want one? Bro, I'm sending the [ __ ] Hit me up on Twitter. You want a pizza, bro? I'm gonna send I'm sending somebody a pizza now. [ __ ] that. It's You know what? That's it. We just got to take our market share. Yeah. [ __ ] [ __ ] Domino's, bro. All that bougie pizza. Why y'all paying $300 for pizza and then y'all acting like the 46 man?

Stop it. Stop it. Mhm. You have to have a Papa John's close by. So, let me see who I could Door Dash a pizza to. And it's 8:49. No one tagged me on I said Twitter. No one tagged me on Twitter. You got to tag me on Twitter and tag Elon Musk and say, "Fix the finance bots. I want a pizza." That's it. So then that way you could help stop financial scams and you could win a pizza.

Mhm. That's it. That's it. Oh, there it is. Wait, who who's it? I need a Elon. Elon, stop the finance bots. Oh. Oh, there there coming in. Who's the first? I don't see I don't see the Elon. I want extra cheese, extra sauce. I need that shakaroni. Boom. Yonito. Got it. All right, Yonito, DM me your address, bro, on Twitter.

Go. I DM'd you, bro. You're the first one. Yito wins the pizza. No, we got it. So you guys don't don't worry. You could still tell Elon. I'll play this again later, but this is just to celebrate the 100 day passing of pizza over Domino's. It's not open in your area yet. Well, either way, I DM'd you on Twitter, Yonito.

Send me the address and what pizza you want and then I'll I'll send it when they open. AK, it's too early for pizza. I didn't I forgot. We're on Wall Street. It's only 8 o'clock. I'm sorry. I didn't realize it was this. It's actually not a time for pizza right now, you guys. But, you know, we could still have fun.

I guess we might have to give away a pizza every hour. The part about it too is that you guys got to realize I know right and spies hitting a high. I know some of you are getting pissed off at this and that's why I'm doing it. Did you know that? So, this makes it even funnier because you guys were really mad that we bought Papa Papa John's and then it keeps going up.

So, you guys are getting pissed. So, that's why I'm having more fun. So, yeah, I'm going to try to give away a pizza. Uh, we'll try to do every hour, but at the end of the day, yo, Neito, you know, as until the party stops, I'm going to party. Okay? I'm going to party until the party stops. Okay? If you don't like it, you weren't invited.

So, it's not my fault. Not my fault. Breakfast food plays. Panera. Panera suck though as a stock. Panera used to like be terrible. Then they got bought out and then they got taken p private. Who's getting mad? Uh, every Why would you buy Papa John? Papa John's such a shitty stock. Why you buy shitty stock?

I hate you. What do you mean? Who didn't buy Papa John? Buy AI. Why you buy pizza? Who buy pizza? You didn't read, Dude. I shortcircuited [ __ ] when I bought Papa John's. You didn't see it. You don't know many [ __ ] 20-year-olds were batshit confused in a world where the market was just selling off.

The world's going crazy. AI, Deep Seek, all of it. And they're like, "You're buying puppet shots in the world of data centers." I'm like, "Yeah, you [ __ ] Of course I'm buying some good cash flow. What's wrong with you? You guys are too young for this." Mhm. Yeah. VST all day, bro. 5.2. Neutralize as well.

EU votes to curb Chinese access to medical device procurement. I see that. Check MDT and EDUBs again. Those are really on fire last week. And spy breaking out. So, in the middle of our little Papa John's ramp, uh, you have filled the gap back to 59. Actually, technically, it hasn't filled, but it's right there.

So, you might get lack of follow through when it dumps, but other than that, it should go crazy. literally was on my Instagram, everything. But either way, I don't care. It's funny and it's 50%. I mean, what am I missing? Yeah, Hood's climbing up and Zillow again. Spy to nowhere. I think it was Nvidia because you had Apple come down and then Nvidia went another like dollar.

So, that's good. Like I said, I think that's going to move it all. Yeah, EU news that's confirmed. Curbing medical devices for China. China. Look at that. APLD still going. But yeah, I was going to say breakfast companies. Sweet greens don't have breakfast. But again, uh Panera, but Panera was bad before they got taken over.

APLD. Yeah, bro. What the [ __ ] Hold on. Did they jack the options yet? No. Uh, the magggins are up 50%. You've had that from the start. Yeah, the APODs, bro, they're kind of lagging there. Yeah, they're tightening up the bids, but it's a lot. So, like long story short, $4 apart has like a 50 cent gap and then the last ones only have a 20 cent gap.

But yeah, I think they're lagging there, but the bid's climbing up. Nike, yeah, and Meta now. So, watch if you get Meta, Nvidia, all that. I mean, it's going to be pretty big. ALD is half of the expected volume now so far. All right. &M meta, bro. That INM one, that was the one that was uh on fire that faded.

There was one again. Applied was the other one. All right, man. Spy, but you got Meta and Nvidia and then literally pizza hit 46. Powell speaks at 100 p.m., but he's not going to talk about economic policy, unfortunately. So, he might it's gonna it's like a conference. There's like a Fed conference in like Congress and some [ __ ] and he's gonna he's just doing the intro, but he's not expected to have any uh what's the word?

He's not expected to have any uh monetary policy or economic stuff. Just a broad intro. Okay. Meta again, Meta's got big volume again. Meta had news. They're saying they're launching something to make uh advertisements with AI. And then Pepsi or Pepsi uh pizza pizza they're popping and this anvves that is going to what time zone?

Eastern 1 p.m. Eastern. So 9 10 what? So like 1:00 in like an hour. Yeah. So 1 pm Eastern I believe. Abby VI and Meta now. But then spy coming down. You use mil 1300. It's funny because my thing shows up in military time. That's like when I read it this morning, it was in military time, but I just converted.

But yeah, 1300. That is your exact moment. All right. Spy, MU, ANSS. Oh, what was it? Synopsis in all those. Remember last week? Etna volcano rumor. What's that? I have no idea what that is. Shout out the [ __ ] baby. Yeah. And high ticker starting to gas a little harder. ASCO cancer. That's always the question of side effects, right?

The whole move here is to try to get drugs that can treat the cancer better, more targeted ways and also reduce the side effects. But some of these drugs like the Astrogenica one in particular, right? It's called an antibbody drug conjugate and it's really targeted chemotherapy that but at the end of the day it still is chemotherapy and so you do have to already paid out the dividend and also think about patient experience right dividend payout mentioned was you have to weigh both the extension of life and the quality of life and make sure that those why did we go a lot of trade-offs important conference and some amazing information over the last 48 hours Angelica thank you Angelica Peeles's watching Asco today as we are trying to 59% we've made some progress after a week opening bid busy we talked about these fed this morning 46 on their Q2 that's 2% trade part of that got the advance trade deficit and it's just not going to subtract as much but will look like a huge rebound coming off of first quarter which was negative growth I think it's hard to read too much into these headline numbers now because trade is distorting so much the imports and the exports we're getting crazy swings in both of those, but the underlying demand will be looking for consumer spending because that was downgraded in the first quarter last last quarter, last time last week.

Um, but LRN27 that continue. We'll get job openings data and then of course the big jobs report on Friday. See what demand looks like for workers in this country, which has kept us strong. Let's get to Courtney Reagan at the half. Oscar health too. Thank you very much. Yeah, they're starting to run up again.

People are talking all these healthare front and center this hour the summer and then you had the unh the investment committee is standing by of course with always Steve Weiss Jim Leventhal and friend talking let's get you a quick check on the market here on this first trading day of the month of June the Dow Jones Industrials are the lagard here on the session down about 4/10en of a percent S&P 500 though just almost marginally negative here and the NASDAQ leading two of you got a couple dings of tariff headlines and officials talking on different shows trying to figure out where we are with China or where we aren't with China I suppose I want to start with you know watching a lot of headlines in geopolitics not just tariffs it's got you a little despite the markets generally shaking it off right now yeah I've said for some time Courtney by the way welcome good to be here with you um I've said for some time that trade policy uncert Certainty is the biggest thing facing the market.

Well, this weekend geopolitics said, "I'd like a word." Um, and there's some things that happened this weekend that are pretty dramatic. The Ukraine strike on the Russian air bases is one hell of a blow. Um, and I think we got to be careful here. Now, I'm not pushing the panic button. I don't want anybody watching to feel that the panic button is being pushed.

What I am saying is this would be a good time for geopolitical hostilities to ratchet down, not further upward. It's not just the Russians uh Ukrainian strike. Um, it's the comments that Peter Hegath was making on Friday. That's the Secretary of Defense regarding China uh imminently being prepared to do something about Taiwan.

And then there's the ongoing intractable situation between Hamas and Israel News and Israel getting more and more concerned that the US is going to make a deal with Iran that is going to allow Iran to eventually get a bomb which to Israel is unacceptable. So there's a lot of geopolitical hostilities here that we would like to see ratcheted down.

There is maybe maybe Courtney going to be a talk between Presidents X she and Trump. Uh that would be a step in the right direction. I'd like to look for that. In the meantime, it is still trade policy uncertainty. I don't want to lose sight of that. We've got one month more or less until the pause on reciprocal tariffs goes away.

We need to see some trade deals come through uh before those uh reciprocal tariffs come back in in force. Yeah. Go ahead, Joe. The market's trading pretty well though despite that trade news. We got a lot of resiliency. 3 weeks ago coming off of the Geneva trade and economic meeting between the Chinese and the US market gapped up higher from 56.91 to somewhere around 5767.

Since then, we've been in a range 5830 to 5968. That's what we're doing. We continue to see stocks making 52- week highs. You look at the S&P 500, I think there's 15 of them today making a new 52- week high. 50 uh 52- week lows, only four today. So you have momentum right now as a very strong factor.

And what's interesting about it is it's not in the normal places. We're not sitting here talking about, oh, Apple's making a new 52- week high or Alphabet's making a new 52- week high. It's names that we really haven't spoken much about over the last several years. It's names like Zcaler and Spotify and Palunteer and Netflix and Rollins and CME and Chewy and Hood and Halmet.

These are the stocks that are moving the markets higher. You have equal waiting working once again. And logically, you say to yourself, okay, we've had a remarkable run from the April lows. It would make sense that the market now would maybe moderate those gains and correct at some point. I I wouldn't be surprised to see that, but you have to have the market dictate to you that that's actually what's going to unfold.

And I just don't see that in the near term. Yeah, there's so many crossurrens going on right now, Weiss. And it does seem like we were reactive to tariff headlines in March, April, maybe less so in May because the S&P 500, NASDAQ both coming off their best month since November of 2023. The leadership is changing.

What's your playbook right now to managing the crossurrens? Yeah. So, um, so yeah, we had a great month and we just barely in, uh, in the S&P, not so in the others, covered the losses that we had. So, it's kind of, so you can't look at one data point and say the market's been great. actually hasn't.

It's bounced back significantly since lows. In terms of I agree with everything Jim said. I mean, you've got heightened issues across the globe. I don't know if you mentioned Poland or not, but that's another that's another one to throw in there. Um because we don't know what happens now with Poland and Ukraine.

Poland and Russia, right? Poland, in my mind, they'd be uh they'd be insane to not support the war in Ukraine. And in fact, the person who won the presidential election has historically been supportive of it. But now there's a question cuz they're next, right? They're on the board of Ukraine. Um, look, you know, we're sort of immune to the tariff noise at this point because of Taco, right?

Because it always comes back and everybody's not getting worked. Nobody's really getting worked up about the 50%. Uh, it's positive for Cleveland Cliffs if it happens, but who knows? Tomorrow could be 10% or it could be us paying them to export here. So you just don't know. But what you do know is that the market has done well.

It has momentum. Uh the places to be that I think are defensive. Can you be where where most of my portfolio is is in big cap tech. It's not Apple though because of their unique China issues. Um but I still think that that's the most defensive place to be. Healthcare typically defensive. It had the worst month last month, right?

So all bets are off there. every part of health care is is up though is because of UNH and Eli Liy that's 20% of the healthare it's also up about Medicaid it's it's also I'm saying when you look at performance of healthare no agreed agreed but I'm just saying I'm just saying that it's not a safe place to be so um it's an interesting position that you're taking because Roth Capital thinks tech's losing momentum the new money is focusing on defensive JP Morgan thinks there's going to be a leadership change they're not all in on the Magnificent 7 right and I'm not all in on as I said Not Apple.

Not Apple. Okay. Google I think is I think it's actually okay here. But to me it's Meta. To me it's Netflix which is not part seven. So that's where there's a leadership change. Um so but to me they've got defensible modes. They could be taxed 10%. you know, as talk is around the world. Bottom line is that's where you want to be as far as the rest of the market is just way too tough and anybody going forward when you got valuation levels that are where they were a year ago where you didn't have you know a lot of this nonsense you can't tell why the market should be valued while I was going keep in mind the course of people I'm not the one overvalued then due for a correction that's on steroids so just throw a number out there putting all mile away from some things I've talked about some things Joe mentioned into the market to me maybe the multiple 26 times you're seeing a record cut in earnings estimates and I'm just throwing out there to make a statement not multiple so look I'm I'm not the stock market but when things go bad is still very valuable like I'm saying I think a lot of you guys are rushing right away and I'm trying to protect you now that everyone's calmed down I think you can look at it a little bit easier It's a very valuable thing.

It just really depends on if there's core issues. whatever word we want to get in their way. What happened so far and this is really important is that companies have not been a little more specific on that. Small businesses are having a hard time small business particularly in manufacturing are laboring profitability but large companies are not people tell this so far the initial weekly jobless claims are hanging in there because it's allowing GDP to continue to expand.

Now the Atlanta Fed GDP has a lot of net export net noise in it. But still consumption is growing. That's the biggest part of the economy and until we see initial weekly jobless claims uh start to spike then we it looks like we can get through all of what's not part of my thesis by the way and it is cautious and there is a big difference between negative and cautious but and that's because the cost to recruit to rehire they went through that in the pandemic.

They don't want to go through it again. So that's going to be the last to go. Cap spending, capex, which is a big part of GDP also, is the first to go. And we're seeing that already. If you talk to CEOs, they're frozen. I mean, Brendon, it's very it's very interesting. Edeni sort of makes this point and saying the economy remarkably resilient really despite sort of everything that's happening with Trump's policy or or potential policy that that we're hearing from.

I am though to the point that's being made on the desk starting to worry about about jobs. I obviously you you all know that I I cover retail for the network and so I'm really thinking about how they're going to manage the costs and goes up here. One way to lower cost somewhere else is is to have some of your labor pool.

What are your thoughts generally looking on financial television the month of May when we're trying to balance all month of June rather as we're starting trying to balance all that serious well well May was the best year. if you didn't hear it over the weekend. Obviously, April was probably one of the worst.

They do balance each other out. As Steve said, I think as it relates to retail, we have to be careful. You see, Abberrombie had great numbers yet Macy's is closing 150 stores. So, I think retail has its own retail issues and is not a broad depiction of the jobs market large. I think the jobs market's going to remain strong.

It's going to remain strong and we're a consumption economy. We're a service economy. And so we have so much resilience and really there hasn't been much change. We keep talking about all these tariffs etc. But really we haven't seen a lot of a lot of implementation. I think as it relates to like how do you play this market?

We're in this let's say 5750 on the low 6,000 on the high. We couldn't you know punch through that and so now we're in this middle ground. I think what's interesting though is you have there was a psychedelic combination sector below their 200 day move don't mix your psychedelics don't even do psychedelics but I mean combination in terms of companies you've got energy I don't know if those sectors and security this morning I read news Oscar still going man like I said watch out for that that breaking out it's very different than any of the other healthare names I sent out a stream play on it but you know you've got so many stocks above that 200 day and so from a buy the mentality.

I think you want to stick with those stocks that have punched through that tuner day and buy the dip if you see them come down and still like fade fade those names that are underneath the tuner day because I think that's going to continue for for for the summer at least. We've been talking about cautiousness or negativity.

Brandon JP Morgan's Jamie Diamond of course made some comments on Friday with our our Morgan Brennan and he's worried about cracks in the bond market basically saying it's going to happen and when it's happening when it happens you're going to panic. He says he's telling the regulators we listen we just had up on that just went crazy obviously so much on equities but I sent out a stream alert like 30 minutes ago 20 minutes ago whenever that sort of large yeah it just did a 30cent pop that was 5% and then it came right back down volume on it for you I don't have a headline I just see it up 6 months or 6 years and I do think we're all and I keep seeing the Papa John's new cheddar crust pizza unregulated I ordered that for It was on the headline growth.

Yeah, I got you a classic, but I got you the new cheddar crust showing up. Let me check. And so I do think as Congress is coming back today to talk about this bill, you're going to have I don't see anything on Oscar coming out right now. Johnson, four other senators on the Republican side all pushing back saying again a lot of biotech today.

You saw that in the morning. Um and that I believe that they are going to like Jamie Diamond continue already trading above average volume. some it's going to have not the highest volume of the week but like the second or third highest% GDP is a maybe not a certain again it just had that move I'd keep it on watch that you have to concern yourself when you're thinking about asset allocation and what sectors you want to go into for a portfolio first of all the market still wants growth I'm talking about there being dispersion where an equalated strategy can actually work but that's not to say that the value names I love it yeah and you haven't heard rotation this morning Because like I showed you, the staples have been weird and even like healthcare and the last it's about to be Mag 7 land if anything or the staple the staples are either going to go with Mag 7 or they're going to get left behind.

But you know the last two weeks were kind of weird with that. And I think that's why as we get these moves you're not you're not seeing it. You don't see that volume on Oscar. Um I see it. I see it. And my other volume thing shows you know heavy volume on it. Most of the people bought lower though. There's very minimal activity above this price like into the 1414.

Less than 2% of the stock today has of that above average volume has purchased around here. Most of the volume's in the 13s. region. They were clobbered this morning. No. Or was that on Friday? Oh, yeah. They're moving. No. Oil was big in the morning, but was the OPEX. Oil's up four, three and a half right now.

And then U and Learn, those both moved in tandem, even though they're completely opposite. Uh those moved in the morning if you remember. It does feel like it does feel broadening but just I don't know after last two weeks the word rotation is weird because you didn't see that like you've watched little pieces of it but staples healthcare defensives like I showed you as a percentage of the S&P 500.

It's it's it's minimal. It's kind of crazy. This is but this is why I'm saying get ready longterm boys because this is going to be an opportunity. Like literally like you saw it at the beginning of the year. Staples and defensives killed it, but then they flipped. Some stayed, some didn't. But as a whole, uh like legitimately this is the best value you're getting on healthcare, utilities, defensive staples, uh p, you know, relative to the S&P in the last like 25 years, 35 years.

So I I think this is going to be awesome. Uh but it still has more to develop. But that's why I think people are not, you know, last two weeks is hard to say rotation because it's not really rotating. You know, not like Mag 7 took off and then the staples went down. So, we're in a weird mix here. But I would definitely keep your eyes out for MAG7 leadership.

People are talking about it. Hedge funds just went from mad shorting to mad buying. So, let's see what happens. But that is a major theme. Much love from Idaho. Oh, the potatoes, right? Isn't Idaho potatoes? All right, bro. We've stayed at this price for like two hours, man. 9:16. Almost halfway done with Monday and it's going to be a full week this time, Robert.

Last week, bro, we started at Tuesday and then that's it. And then your first little red candles on pizza pizza ch that's what he seth was saying that's why dude there was a lot of global tensions over the weekend from Ukraine to Israel and even a damn terrorist attack in Colorado and then even the hegithth warnings on China and Taiwan.

So, we've heard a lot even UK defense spending was this morning and that thing's ramping up. But yeah, that maybe feed that into gold or gold's worried about the money. But there was a lot more uh I feel like global tension or global headlines this weekend than maybe some of the last like three months and it is already June and the spy has gone nowhere.

That's the crazy part. So we're like what this is right where you were at December 31st give or take maybe like the first trading day two second trading day 43 minutes till pow pow yes again it's only going to be an intro uh eyes will be peeled but maybe he unlocks some movement I mean NASDAQ is up again is down spy is the spy is up but S&P is red so we'll see lrn I looked at it earlier but I'll X AI 113 valuation looking to sell 300 million in shares.

DXYZ Destiny that's the one that just buys these companies but still overvalued. Yeah, it's trading higher though from when we first looked at it. Sony's on the high. Remember Sony was supposed to spin off that chip unit? We played it that one time again. Capital One, BMY on the high, Ascend, another.

Dude, these are all biotechs. Biotech in pharma. It has less restaurants than Little Caesars. Pizza does. I thought they had more. Pizza has more restaurants than almost every food company you could think of, but I guess if Little Caesars, but they are number four. But yeah, I mean at this point though, the thesis we talked about at the beginning of the year and then again two months ago at this point, how can SPY be green and S&P be red?

because one is a ETF and one is like the cash index. So again remember like when we look at SPY it is the market but it is a ETF. Spy is a ETF that that replicates the actual cash S&P 500 index. So sometimes that happens. Again we've been watching a lot of that lately. Like I said this morning the other day futures hit a high equities did not.

And now today I think equities hit a high before futures. People are it's there's a lot of weird back and forth. Last couple weeks have been fascinating, I'm telling you. And that's why everyone's going we've from the news headlines, the surprises all the way down to like this weird chop city and movement.

There's a lot writing on it. I think that's why people were calling for big move up or down because this this is getting really choppy. no real follow through and and you're getting again just a lot of weird things from liquidity to this the Fed small movements adjustments but now you know little by little currencies dollars rates are all still terrible and yeah here we are so we will see CIB what's this groupo Oh, the best.

It's foreign. We already ISM was pretty much in line. But remember, it's been hard to read that with the correlation. I had silver up that. So, you're going to hear people talk about silver today a lot. A lot of people ask me already, but that's going up through those levels. That's it, man. You only 30 minute and then we go.

Yeah, it sucks though. Pal's going to come on, but it's just not going to be like big. Who knows? Maybe we get surprised. Yeah, CIB volume that's popping out. Zcaler and then SPY. Bro, we've been up. We've been in this range. We're at the higher point, but it has been hours. How long do you think all that money is on the sidelines is going to sit there?

Oh, I could tell you factually when it will move. Uh I It sucks. I need to get it on my other computer. But that money on the sideline right now it's over 7.25 trillion. Uh that is the money markets. But it will go down when rates come down. That's it. That's historically last 30 or even 50 years that money markets only move with rates coming down.

So, and not all of it will come in, but uh definitely like if there's no if there's high rates, why would anybody move that money? I think as rates start to go down, it'll start un every 1% of rate declines will unleash like a trillion dollars or so. I think a little more, but if rates don't come down, money markets don't come down.

If rates come down, money markets will come down. Uh I think it's super easy. It's just it's funny because we've looked at so many ways to find an answer to that question and ask so many things. But it's easy money and the general money and the more normal person and institutions both sides they don't move until rates come down.

It's and again there there's history and you could go back and look through it and go look at the money market history. I showed it on one of the watch list. I had a chart that went back to the 70s even even prior to the 70s. So like even during the 1970s, stagflation, inflation, the rally from 80 to 90 and then even leading into the tech bubble of the 2000s, every time every time money markets would keep climbing, but it only had a sizable decline and you saw people buy and rush back to the market.

It only occurred when the rates would come down. And every time rates were on the climb, money markets loaded up. They loaded up ammo. So, nobody shoots until the rates come down. And some of you should think about that cuz that is the reality of it. Why would you be spending it? Because if assuming you have a plan just like our long-term, you see, it's right now we're just saving money.

That's it. Why? Because even if we save up money, we build up cash until there's a good deal. But it's like you let that grow, let that do its thing. And that's telling you, you know, right now with rates high, the Fed is even telling you you you have a better shot doing nothing. They're they're trying to slow things down to a degree, not get people, you know, going, you know, apeshit over stuff.

So rates lower will cause that. Rates high, I mean, you are incentivized to hold. So hopefully you respond to that incentivization. Well, that's it doesn't matter how far they go down. Just every time rates come down, that's going to open up like a little spiggot of of money to start going back. That's why I was saying probably like every 1% at a time it'll unleash maybe like a trillion dollars that's sitting on there.

But it's hard to tell. It all just depends how the rates go down, why they go down. But in general, any rate drop will bring some amount of money back into the game, right? and any lack of rate dropping, you could expect that number to keep climbing on money market amounts. I can't believe June 2nd.

Why, dude? Halfway done. Josh Brown, top five best list. Yeah. So, again, they like things at all-time highs. Uh, and then they they like to be worried. Yeah, I'll take it. Josh Brown. Josh Brown loves he loved the Colt portfolio. Amen. Amen. Oh, wait. Is DVR on? I hope not. some banks trading private credit.

It's like credit and debt for companies that are not publicly traded. So like I don't know like let's say Chick-fil-A, they're public, they're private, but if they they might raise money and do a bond sale and like credit. So that would be private credit or again little organizations in Soma for the ladies bday.

Oh, enjoy it, bro. It's beautiful. Is it good weather? Soma. Oh, that's Toyota. I like Soma. LRA is the rhino sinuses drug. What's that? And then lion. That's the Steve Munchkin stock. Spy got a red. I mean, it that's what sucks about these moves is that you go nowhere for three hours. So like you don't want to overreact to anything, but then again, all it takes is one little bad streak and then Yeah.

Then it'll finally move. The Fed hasn't cut. Yes. And every central bank cast. That's why it's just odd. And it would be even it would be less odd if everybody didn't follow each other. But I told you guys this in advance. It just played out weird. Uh like do you guys remember last couple of years everybody had correlation?

I even have a chart of it. I could I could find it for you. Uh but we talked about it. Like every central bank was moving in tandem. You've never seen anything like it. That's why I'm telling you, man. Under Biden there was like state and global strength cuz obviously he wasn't the president. Somebody else was running that [ __ ] That's why they all came into agreement.

But at the end of the day, bro, like I'm telling you, man, under Biden, every central bank, boom, US, everybody was aligned. Heavy correlation. And I told you, wait till you start watching central banks start to break from each other. But in a weird way, everybody has started to do the same thing still.

Only person that we've broken off is us. That's it. We're now we stopped doing it. We cut with them and then they started going crazy and then we just stopped. And that's what I was saying. It's very very interesting because you went from five years of heavy central bank correlation to now five six months of just breaking that streak in a weird weird way.

regen dual GLP1 for Hano forarma. Oh, no way. Is that the news? They had a bad news. I I swear I only read bad news on regen. Well, claws left. But yeah, like either way, conspiracy or not, this is something I've always told you like state strength under Biden is very strong. Like they they they know how to they again they have a better PR team like we talked about.

But uh and again even the Fed and the policy but now we we are in kind of we're breaking apart but this is the opportunity I always told you once central banks and currencies and countries start doing their own thing that's how you have opportunity because once if everybody does the same thing every everything stays the same.

That's what people don't get. That's the thing with like global currency that a lot of people misunderstand is that if a lot of countries make major changes but they all go in the same direction, nothing really changes. Does that make sense? So like when everybody cuts rates or if we weaken or strengthen and then the other currencies weaken or strengthen, nothing really changes.

You're just you're just moving in at different levels, but nothing really changes. The only way you get real changes from currency and rates is when one person moves and everybody else doesn't adjust equivalently. Then there's now gains to be made by the by the difference. Yes. Spy still holding, bro.

We just doing our thing, man. So, should I get you guys ready? I think I'm going to get you ready. Uh you guys you guys know it's 9:30 and we have Felo in 30 minutes. Unfortunately, your Felo correlates with Jerome Powell. And even though Jerome Powell, I like listening to him. Uh, I'm still going to be going to Felo.

So, I'll tell you now, Jerome Powell's not going to say [ __ ] You know, if you think I'm the Powell whisperer, that's fine. But I'm not expecting much. So, I'm not, believe me, I'm not robbing you. I'm not I'm not holding Jerome Powell over your head for $5. But uh I'm just telling you he's not going to say anything.

So I'm going to take the executive decision to uh to go ahead and do that. Is he really retiring? So you don't watch the watch list at all and then you just make these halfass statements. Got it. Word. Watch the watch list, brother. Stop wasting my time. Okay. Thank you. But other than that, like I was telling you, uh he's not going to say much.

So I'm going to be going to Fileo. If you don't have your membership, then you will just have to deal with the people pumping all of those other weird power statements. See, but here I, you know, I make sure that we stop that out. So, amen. Amen. Did I read your mind? Did I? I don't know. I don't have any mind reading powers.

And Nvidia up. Russia beginning of complete withdrawal from Ukraine. Oh, no way. That'd be very good. That would be a tailwind, especially after this weekend. Oh, David. Oh, welcome David. Yeah, don't buy the membership though if you don't want to hear about Jesus. is uh cuz I'm going to tell you about Jesus and then you can't be like oh I paid to hear about Jesus.

Why you talking about Jesus? I'll be like you paid to hear Jesus. Jesus wouldn't actually charge you but I charge you because I'm a flawed human and this is a stock channel and I'm not here for only Jesus but I like to go talk about Jesus but then people get mad at me. So we found a win-win. Oh, Leonard Godwin.

Okay. Well, welcome. I'll give a pizza away at at 10. I don't know. Let me see. Did you get your pizza, Yonito? Oh, yeah. It was, bro. Yeah, your dad three minutes ago. Yonito, they dropped it off at your door. I got a picture. Can I post your front door? I'll take the address out cuz I'm going to have a nice collection.

I have a nice collections of pizzas at your guys's front doors that I sent you. Like actually though, cuz you know Door Dash, how they take the picture. So like I got mad peaches. SLS with cancer news again. Biotechs are on fire. It's a small cap, so be careful. Let's see. But dev I'm seeing like 15 other ones, bro.

NC Devac, there's a lot eyes. You don't realize how OG you are. Oh, yeah. I'm very OG. I don't I've I'm I am the OG, you know. I've been I tried to be humble. It was like a fake humble, you know, and I let I let people slide with that [ __ ] but no, bro. We changed the game. You haven't realized. There would be there would not be these option traders without our impact.

I promise you that. Well, maybe they would have. It just would have happened a different way. You know, it's God's plan. I didn't do anything. God just put me here. So, I don't take any credit for it. But, you know, we had a good impact and I think we're going to have more of an impact and that's why I look forward to long terms and more.

But, yeah, I mean, none of this [ __ ] is new. And I hope some of you, it may be new to you, but uh yeah, I've we've walked the streets of Wall Street for a very very long time. I've spent more of my life in the stock market than out of it at this point. That's the crazy part. Not many people could say that, but you know, in the mix of the internet, the streaming, all of it, and then just my young age and how I got involved.

I mean, I've I've been involved with markets more than I have not been. I've been more involved with markets than I have a playground. You know, even growing, I've had more of a of a stock market than a childhood. But then again, they reflects through the law term. So, hey man, I did have a good childhood though, but just started young.

Russia proposes limiting the number of Ukrainian troops and weapons. It all sounds like they're making progress. Miso Robotics. Is that the food ones? But no, I haven't. I've heard. Yeah, big red on Tessie. Regen's still going again. They had a GLP one. The Tesla one's not big. It's a bigger red on the spy, but I'm assuming a big tech dropped when uh they're just all doing.

It's not too big, honestly. It's what we've been doing every single hour or so. And then it go. That's why I said it sucks because one of these reds or greens were actually gonna break out, but then you'll spend two hours of fake. Oh, fake. Oh. Oh. Ah. Oh. Ah. So yeah, I think I've heard of that miso one.

But yeah, I'm not too familiar. But be careful in investing in like private early stage stuff, but once it really gets traction. Yeah. But that's what I'm saying though. I said this on Friday, like the world is getting really close to automation. I don't think it's s and again it sucks because every [ __ ] computer nerd has been saying this for 15 [ __ ] years.

So there's no real like alarmist alarmism about it because they've been crying wolf about this forever. But like I'm telling you from like the Whimo to the AI to like robotics like I do think in the next like 16 to 18 months automation will might like legitimately impact our jobs numbers but like we are we are barreling towards it and I don't think I I it's not that people aren't ready.

I just I don't think we care but then like we're used to it and we think we've already seen it but we haven't. But yeah, it just it's getting weird like I'm saying AI even meta and changing like now AI is going to do your ads that I remember when they created the ad creator in 2015. Uh I remember that's I took advantage of it to benefit off of real estate ads.

Uh but it it's just crazy, bro. But like we are inching towards all of that. So robotics, robotic arms, robotic factories, all of that, it's going to be there. Uh so but once it gets real traction I would invest if you want but be careful of going too early. We all going to be lazy. No. I mean dude I'm I'm ecstatic.

You don't realize that I'm so ecstatic. I'm irreplaceable. I love it. My I'm sorry guys, but you better start learning to be irreplaceable. And there and you can be. I I really think so. So like if you are working a job where you could be replaced by automation, you should start thinking about how how to automate it yourself.

But if you're in a job where you need to like be ahead of something and you are like again there's an element of of creativity and not like basic tasks and organization. Oh, you're gonna do very well. I'm very excited. I I think I'm I I look very forward to my future with automation because a lot of my businesses could benefit off of it.

And then I think I think we have a lot of competitive advantages that I'm going to do you know how many computers I'm going to abuse though. I I've been doing it my whole life. Uh I love it. I look forward to technology because there's always going to be an inefficiency somewhere. And if you are smart enough and locked, you don't even have to be smart.

You just have to be locked in and early. You could take advantage of it and I I look forward and and again I think the creativity that that I offer in many ways and that I give to you in news and like you've seen it in real time. I know damn well AI can't read news how I read news. That's it. Even if it knows all the info, AI has to read words.

I it doesn't understand people and the connection. Not yet. And maybe it'll get there, but even then I I I think you will always need somebody to know when the AI is hallucinating in with information analysis. And I think we have a really big advantage on that. I But the long story short, but is that it's closer than you think.

And I don't mean it in like a Terminator way. And and I also don't mean it like everyone loses their job way, but it's like it's a weird it's weird. I do you understand how weird what I'm saying is cuz it's really weird to me. I don't know how to describe it cuz I'm like I already knew about this and it's already been right in front of me this whole time.

Like I don't know why a Whimo ride changed it, but like no, that Whimo ride blew my mind. And then I'm like, "Holy [ __ ] I didn't really re like that's dude I I lived I did a whole weekend live transporting myself with a robot. That's insane in in this time." And like again, and I had to explain it to my girl uh like, "Do you guys understand why people are so excited about general intelligence?

Do you realize that's the next step? So again, it goes like AGI. You want, you know, you want AGI and we're waiting till AI gets into like systems, right? And remember I was telling you end of last year how and then they had the Nvidia conference talking about AI in real life. That's not necessarily the the end step.

Uh believe it or not, the step is general intelligence. And you have to understand why. There will be a time now that once like once you get the automation and once you could automate AIs perfectly and then once these AIs become smart enough to like not now it's no longer artificial intelligence. Now it's no longer an animal or a toddler.

We're talking about a a computer that is literally as smart as you. A has general intelligence. Do you understand that? Not artificial. So, it's not like it it takes up data. Like you if you ever saw Deep Seek or if you ever go run through Grock, it's a it's dude, it's dumb as hell. It you know what I'm saying?

It's it's definitely more advanced than it was, but it's like, oh, I go through it just goes through info. It's compiling. But general intelligence, that [ __ ] is going to think that [ __ ] not like deep think. It's going to like have intelligence like a human. So, do you realize why that's the pro?

That's the that's the endgame. Do you not realize it? Because once you have general intelligence, if you have hardware, once you plug in that [ __ ] for 10 minutes, that's it. All of our problems will be figured out. Not all of our problem. Maybe all of and then new problems will emerge. But most of general human problems could be solved after you plug that in.

That's the sci-fi explanation of it all. But there is some truth to it. Does that make sense? Why? Cuz now imagine you took general intelligence, humans, like a real smart person, not artificial, and it knew how to think. It it knew sarcasm. It knew everything, right? And then you gave it the compute power of every computer in the world.

It's now it could learn how to take every technology and make it one inch. Now it could it could There you go. Nanites, all that [ __ ] Oh, it's it's a sci-fi movie after that because now general intelligence would actually be able to figure out all this [ __ ] and it would know how to slim down every chip, everything, every medicine.

You'll probably have an answer to 15 minutes. It'll tell you how to cure cancer because it would have been running tests on general intelligence for 15 minutes if it has the compute. You get what I'm saying? That's the whole idea. Yeah. It's like a digital intelligence nuke. It really is. It would just be replicating human intelligence across the compute of computers of of like the internet and that bandwidth now for humans and then connecting it all.

But that's the whole idea. But did you guys know that? I hope. Yeah. So this is it sounds like a sci-fi movie, but do you realize that this is like this is what people are legitimately thinking about? I hate to break this, but that's what I'm saying. This is weird. It it may and it because I don't because it may take five ten years to get between steps and then one step might just happen in a year.

You get what I'm that's why everyone's like, "Oh my god, you're going to lose your job. You're going to loh." And it's like, "Dude, shut up. Nothing's happening." But then one of these years we're going to [ __ ] leapfrog. You get what I'm saying? And then you're going to spend five years in between stages and then one year to leaprog.

And but that's why I'm like it's a weirdass conversation, but that's where it's headed and that's what people want and that's the money maker and that's the whole like, yeah, you may lose your job, but think about what I just said. That's a that's a different world, bro. We're not ready for that yet.

That would change everything legitimately. Uh, suddenly. Yes. All suddenly. Uh if you're not aware though, I hope you you you find a way to know and learn this stuff and not in like a sci-fi manner but like a you know again there's going to be a reward for the people who know how to balance this between sci-fi movie and like real economic industrialization change shift all that.

So I'm excited but it's it's a trip dude. That's why I'm saying I'm like dude it started with a Whimo but oh yeah bro I that Whimo was my leaprog moment. That was when I realized I was like, "Holy [ __ ] dude. We might be way closer to that leaprog than we think." And now one step leads to the next.

And just remember, every day it's powered, bro. And learning that's we're taking steps as I'm talking, damn it. And it's like, wow. So, I look forward to it. But it's going to be interesting both the leap frog and then the development years. But yeah, I I think everyone's looking out for the leaprog and we might be closer to it than we think.

But truly fascinating, bro. Truly truly fascinating. So people will lose their jobs but won't need jobs anymore. I don't know. But that's not that's the funny part is like that's where like everybody wants to have that conversation. But I think that conversation is what makes people miss truly understanding this, right?

Cuz then you're like, well, we don't need to work. Like we're that's just talking way too futuristic for now. It's just the fact of like like I'm saying what happens when we go from AI computers to automation and then general intelligence. You have to start thinking about how that shift is going to it's going to be jarring.

But that's it. I don't I'm not worried about because even when that happens, automation when we first really start seeing it like pretty much scale all of the Whimo like think Whimo but for factories and everything, right? That's going to still take years. You're not going to still lose your job just, you know what I'm saying?

It's not going to turn into a society of nanites and you know your little body bag just sitting there. No, not yet. But that's why I'm like it's you should really just focus on automation and automation coming into reality and the industries that it that it will affect and how and that I think is an easy way to grasp it and just understand that's exactly where we're headed and it that like I'm saying that leaprog moment we might be closer to it than you think.

Mhm. So that's why it's just like the next leaprog moment, it starts around these little cars and it starts around robotic arms and restaurants and then before you know it, like I'm saying, maybe in 18 months it'll we'll see a change and then it'll lead to another development and change. But I'm not worried about we don't have to work yet and all that [ __ ] Like I'm saying, I would I I strongly encourage you to take AI in doses and digestible, you know, don't don't go too far into the future cuz then it's it's not really easy to think about it realistically.

You get what I'm saying? Cuz now once you start you go two more two more developmental steps, we're [ __ ] talking about Neo in the matrix. You know what I'm saying? And body bags and nanites. It's like, okay, hold on. That's not digestible, right? But who is? and self-driving cars and every factory on robotic arms, every drive-thru through using a robotic arm.

I can see that. That's already that's what I think might slap everybody in the face way sooner than we think. But we don't need to go to flying cars and you know breathing in Mars just yet. That but essentially that is the ambition that people have because if you do get high compute and general intelligence, it unlocks that problem.

But at the end of the day, that's not digestible. That could still take another 15 to 20 years. But in a couple of years, general automation, I think, is is is very fast approaching. Fed power in 10 minutes. All right, Chad. Well, thank you to all the new members. Welcome Sean. Oh, we had Zarafa. Oh, there was one more.

Who else was it? Hold up. Yeah, it was Kissa. Kissa Humble. Welcome, baby. Well, shout out all the new members. I appreciate you joining. Uh, I hope I could give you some special access, you know, cuz that's the other thing. I used to never offer anything to the members and they still showed so much support.

So, now I get to offer you exclusive content. But on that note, let's move on over. Even though we have about 10 minutes since Jerome Powell is going to be coming on, uh I want to be ready for that. So, is it I think it's like I said, I'm not expecting much. Uh you don't have to you don't if you want to listen to Powell and feel like you're going to pay me $5 because you'll miss Powell.

Uh you don't have to. I don't think you're going to miss anything. He's not going to say anything. Uh other than that though, if you want to be there, listen to some Jesus and some other things. Maybe we talk about robots and AGI. Uh I would love to chat with you, but that is going to be a membersonly activity.

But other than that, let us get going. Uh are we on genop? We are in gen pop now. Lulu on the high. GH opening. All right. Oh, and Ro. Oh, Bob, thank you. He He thanked the God who gifted him. Amen. Amen. That is now your Chad big bro. There you go. It's like a frat. Well, STX popping. There is the link.

Chad, I love you all. God bless you. Thank you for being here. We should be back on by Power Hour. Other than that, don't get too jumpy on Powell. He's going to be live in 8 minutes. And happy Monday. Kind of flew by, bro. So, we'll see where this week takes us. But again, not anything too decisive.

So, I will see you in a little bit, baby. All right. I hope is Wait, hold on. I got to make sure it moves us. No econ. All right, we're good to go. All right. So, I'll see you in a little bit and peace.