 The following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Good Friday morning everybody I'm Tommy O'Brien company live from TFNN 906 a.m. Friday we got about 24 minutes to go until the start of trading. We have a CPI number out this morning 6.8% pretty much in line with expectations year over year quite a number when you're talking about almost 7% inflation on a yearly basis and the market takes it and runs with it up about 20 points you see the acceleration I got the chart here at 830 you see the S&P's jump from about 4675 to 4694 NASDAQ 100 up 136 points the Dow right now up 187 points that's half a percent you have the NASDAQ 100 up more than 810th percent the Russell up almost 910th percent right now Bitcoin up $2,200 even Bitcoin catches a bid on the fundamental news of inflationary data at this point Bitcoin right near 50,000 on the dot you got gold catching a bid on that number as well look at gold rocking from about 1770 early this morning we come into the CPI data at about 1775 we were just trading at 1790 golds up about $9 right now on the session we jumped to silver silver's up about 15 pennies catching a bid as well 2216 and we jumped in notes and bonds slight lift but pretty much to where we were at the close of action yesterday your negative one tick technically on the session in the 10-year but we just got a lift of about nine ticks to the upside on the 10-year we're talking about a yield right now in the 10-year 1.49 percent 30 year right now positive by seven ticks you see a little bit of higher price and lower yield on that number pretty remarkable that that number just comes in line and the market actually likes that we have 6.8 percent inflation because that might not force the Fed to act too rapidly it's remarkable when you say it in that way right 7% inflation will allow the Fed to act in a cautionary manner as opposed to having to speed up the process of raising interest rates say it again folks 7% inflation will allow the Fed more time as opposed to having to panic because inflation is too pervasive because that was the expected number I'm not sure that's going to hold we're going to see how this market opens that's a pretty staggering number when you come in line with almost a 7% inflationary you know you number year over year and let's just get into the headline yesterday the headline was lowest initial jobless claim since 1969 it seems like every day folks were breaking records going back 40 or 50 years today we got the do a consumer prices climate the fastest annual rate since 1982 think about it we get the fastest annual rate since 1982 and you got the S&P's climbing about a half a percent on that news and we are within 1% right now you're talking about all-time highs on the S&P you don't have to go back far folks the morning of November 22nd coming in early prior to Thanksgiving 47 40 we're just outside of about 1% from all-time highs as inflation sits at about 7% now getting into the number month over month 0.8% folks the Fed's supposed to be shooting for 2% annualized we're pushing 0.8% from October 6.8% from a year ago the advance was broad includes gains in shelter food and fuel there's the spike action you got to go back to the early 80s to see anything like that when we were coming in looks like 1991 1992 you did up rise up to a level of almost 5% or a little bit above that before it curtailed for the entirety of my adult life folks though this chart has been nowhere near where we are right now you did get a rise at one point in 2008 where the CPI year-over-year not counting the core number there okay big difference with the CPI versus the core number there core being in pink you can see it never quite had the rise it had back in 2008 maybe that had to do with energy prices as they were spiking dramatically but this time around yes energy is contributing but that core number spiking in a big way bringing you back to basically where we were 1991 almost at that number and man you back things up to I'm trying to get the exact number yeah you back it up to 82 we're talking about core number of 8.9% quite a number median estimate was looking for 6.8% on a monthly basis a little bit hotter than the market was looking for market was looking for 0.7% on a monthly basis the increase was broad as they say yeah core inflation if you take out food and energy not sure that makes any sense at all 0.5% still from a monthly basis core CPI 4.9% year-over-year that's a 30-year high as well shelter costs considered to be more structural component of the CPI make up about a third of the overall index rose 0.5% in November from a month earlier they make up a third of the overall index it is structural as in it's not a variable number like the food and energy that they take out 0.5% compared to the same month last year the 3.8% gain was the biggest since 2007 housing costs are anticipated drift higher food at home how about this 6.4% from a year ago the most since December 28 we know that gas is going up 6.1% from the prior month watch out for that one rent of primary residence increased 0.4% from October that one varies depending on where you are in the country in a big way so that number out at 830 this morning the market taking it and run with it right now as all the indices in the green you got Bitcoin trading higher as well gold trading higher as well and you actually have notes and bonds trading higher on that news indicating a lower yield market not to worry about rising interest rates and OK with a 6.8% inflationary number seems like that's expectations in the market is just OK with expectation right now probably because we've been missing expectations a lot lately folks you back it up to the beginning of this year and you don't even have to go that far a lot of economists were looking for 2.5% inflation for 2021 we're now at 6.8% inflation just matching expectations so I think the market over at least the last six or nine months had really missed on a lot of friends maybe there's just a sigh of relief that maybe we come in at expectations finally at 6.8% maybe there's some hope that if we committed expectations or 6.8% right now maybe the expectations going forward for a year would be in line which would indicate that we're back to about 2.5% as we come into 2023 it is remarkable folks you got 15 days until Christmas and then what do we got we got about three weeks until 2022 remarkable all right let's jump around to some of the fact stocks see how they're trading Amazon shares trading higher this morning on the CPI data as well you're up about 20 bucks we got talk about Apple Apple shares remarkable you're going to open higher yet again you have a high print yesterday of 17675 the number you're looking for an apple to reach that $3 trillion valuation I believe it's just under 183 182 79 something like that 183 is the number that Apple needs to reach that $3 trillion valuation we jump over to Tesla we'll pull up Tesla Elon Musk selling more shares into the market we'll talk about that headline coming up after the break as well but Tesla's up about 10 bucks still holding pretty well above a thousand you're talking about Elon selling it's pushing $11 or $12 billion right now the number he is going to get to folks is $17 billion that is the sale that he talked about on Twitter Twitter said he should do it Elon knew that that would probably be the results because he wanted to sell off anyway to pay some taxes and he still got some selling to go seems like every few days another story comes out that he sold another another billion dollars worth of his position and with all things considered folks taking a look at where this equity has been sitting above a thousand yeah you were up to $12.83 but you were also just trading at $600 as recently as June you were trading at $7.20 $7.18 as recently as September 20th folks that's less than three months and you're trading at $1,010 right now stay tuned folks coming right back everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to 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neutral from outperform noted a number of headwinds for Peloton including a return to out-of-home fitness and a shift in consumer spending so that is a material fact that you could say for sure when they get a downgrade they're lower today they were lower yesterday as well talk about a pullback from 46 to almost 40 yesterday we take a look at Peloton on a weekly basis my goodness up to 171 to start the year can you believe folks the Peloton is about to get back to a pre-pandemic price level I mean I wouldn't have believed that was possible if you told me that Peloton could trade back to prices that it was trading at in January of 2020 and you're talking about being only six bucks away from there you're talking about in February you reached a high of 34 60 you're trading at 39 23 now they get a downgrade because of material facts going on in their business but here's a material fact as well the material may be questionable okay but it's a fact folks so my dad emails me this morning first now this is has to do with the show sex in the city a lot of females really watch that show I've really never gotten into it I know we have a lot of more so male viewers but I know we have females out there as well if you want to watch that show folks spoiler alert okay it's coming for you there was a reboot last night that started on HBO for sex in the city did not watch it but if you're a Peloton shareholder you might want to be aware of what happened again spoiler alert here we go so it comes out last night Peloton blames shocking sex in the city death on characters extravagant lifestyle the way it sums up folks and even as somebody that did not watch this show one of the recurring deemed characters now Carrie I believe is the character in the middle she had dated one man in particular off and on they called him Mr. Big well what happens folks Mr. Big dies on a Peloton in the first episode of this show coming back online now here's the best part of this in terms of top of talk about dropping the ball Peloton claims ignorance in and just like that bike fracas so Pelotons I'm gonna read this I want to get the exact quote here is that they were not aware excuse me one second yeah the home fitness company whose key product is an exercise bike said it did not realize its product would be used as a prop that led to the death of Mr. Big who dropped dead after a 45 minute ride in the first episode the spokesman said in a statement that it knew its product would be used in the show but not the storyline adding that the bike wasn't to blame for the cigar smoking characters fictional demise if you are in the press arguing for the reason why a fictional character may have died using your product and you are aware of that product I mean how would you just not say how are you gonna use the bike in what way are you gonna use the bike and they they the best as the best part of it really is this because it became a storyline this character became obsessed with the product I guess it's how they put it so this is just a random article I pulled up on the LA Times that talked about it okay this show originally came out in 1998 they just rebooted it last night on HBO Max and what happened was is that on his thousandth ride so he becomes they talk about the pandemic he becomes a big I'm trying to get to the exact part here yeah so big is particularly fixated with an instructor the bike occupies a place of honor in his sleek apartment between the fancy shower in the walk-in closet he's got it all glorified I did not watch the episode folks but so they glorify the whole bike right they occupy that he's during the pandemic you got fresh white towels a rolled up neatly neatly shelf next to the bike you get the bike in a special spot in the house he goes on his thousandth bike ride he jumps in the shower and he dies shame on them for not doing their work somebody there to say hey this is gonna be a huge program yes you can use our bike just give us a little bit of a heads up of what the plot line is gonna be around that type of use of our product they didn't do it what do they do they have the bike basically end up killing them instead he unclips from his one thousandth ride drops his phone in the shower and properly keels over somebody's not doing their job folks at this company and it's that's just gross negligence for whoever was in charge of that I mean just as a reasonable person right if you have a product that's gonna get used wouldn't you say give me an indication of some degree of how that product is gonna be used I guarantee they learned a lesson but you learned it too late and that storyline is out there and there's a lot of people that love their product and just the fact that it has a narrative now that they're mocking it that they're talking about that this big character that everybody loved he died using a peloton on his thousandth ride you know not sure it's gonna have a material impact and this is what so one analyst at BMO Capital Markets this is in the Bloomberg piece that my dad sent over to me this morning says although unlikely to impact sales as I'm talking about okay not really material this is an analyst at BMO it does question whether peloton is losing degrees of control over storytelling perhaps its greatest achievement to date and I would agree not sure that that means it should be back to pre-pandemic levels here at some point peloton probably is a right around for the future but man that is a big drop ball in a big way I can't believe that you would put your company a product of your company's your company's product in that type of a spotlight and not even ask how it was gonna be used there's more going on at that company if that can happen folks because there are big big people getting paid lots and lots of money to make those decisions and seems like an intern would get fired if they made that type of a mistake let alone an executive that's pushing out their product to be used in one of the biggest premiers of a reboot you know in recent time sex in the cities a monumental show that was around for a decade or something like that at least and it's rebooting and in the premiere episode your product is killing off one of the most beloved characters we'll leave it at that all right let's jump around to other stocks we have going on because we got some companies out with earnings in a big way we'll jump right to the line we'll go to the top here chewy is out with their numbers not so lovely for chewy CHWY is their symbol they trade down about 10% right now they're trading a 5025 wider than expected quarterly loss sales in line profit impacted by higher costs for labor and supply chain issues okay lulu lemon they're a little bit lower as well lulu they beat quarterly profit 162 21 cents above estimates revenue slightly above forecast as well but what do they want about they want potentially an impact demand for a leisure but if virus concerns lead to temporary store closures and further supply chain issues all right they're not talking about a shift in demand from a reopening trade they're talking about could impact demand for a leisure with the new variants because of store closures and supply chain issues supply chain issues guess what chewy supply chain issues lulu lemon supply chain issues it's a continuing theme that's going to persist in many companies are going to be blaming that it's your job as investors and traders to fight through which companies are actually really dealing with that or which companies might actually be experiencing customers waning demand for their product versus just a supply chain issue all right we got a lot of stocks to cover folks Broadcom straight and higher this morning we got Costco trading higher on their earnings Oracle is up 12% we got the market up 31 points we got a lot to go over folks stay tuned we'll be right back for you are you having fun trading the markets but having trouble finding like-minded individuals 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to Peloton shares peloton actually a little bit lower now 1.7 percent on their earnings last night we were just up at 485 recently we're trading at 410 right now for Peloton shares jumping around excuse me for Lululemon Lululemon that is we're looking at Lululemon down 1.6 percent peloton down about a quarter percent but man they have had quite a slide recently as we talked about jumping back to other stocks that we were going to go jump over this morning we got Broadcom up seven percent pre-market beat street forecast top and bottom line earned an adjusted 7.81 a share seven cents above it's pretty close in line but they also issued an upbeat forecast on continued high demand from its cloud computing customers avgo and there's a pop for you up 6.6 man this stock is just on fire to back it up to the lows of covid and you're talking about man you're talking about a run from 155 to 621 yeah i had that on there at some point looking for a pullback no such thing this thing just consolidates for the early part of 2021 before taking off higher we were just trading at 500 as recently as about six weeks ago you're trading at 622 on Broadcom shares this morning let's jump over to some of the other chip stocks Nvidia shares up about 1.5 percent this thing said some volatility recently chopping around above 300 or so uh and we'll jump over to Intel shares as well Intel trading at about 50 bucks right now down 6 10th percent on the session the last few days quite a pullback for Intel shares yeah they popped higher this week on the news that they were going to be spinning off and not spinning off going public they were going to be pushing out still owning a majority share of their self-driving unit of their company and they give it all back down to about 51 bucks but pop in a bit today with the market up 1 percent Costco they're trading higher 298 for the quarter versus 264 revenue topped as well higher cost and supply chain issues the Costco said it was able to largely mitigate that's what you like to hear right now if you're dealing with those types of issues Costco shares yeah we are higher come on correlate 2.7 percent this stock quite a stock indeed you're talking about in March you're trading at 315 and just like that we're 537 right now right near all-time highs for Costco Oracle yeah check this one out they were up more than double digits in the pre-market right earlier we'll see how they're trading right now quarterly sales and revenue beat estimates in the business software company 10 billion dollar increase in the share repurchase program investors usually love to hear that buck 21 to share 10 cents above estimates particular strength for its cloud infrastructure business or CL is their symbol whoo there's a pop for you so much for 12 percent about 19 percent to the upside man it's amazing the cloud folks look at that acceleration you pop from 88 look at this you pop from 88 to about 98 and then since then we've gained another 7 bucks from where we were after the conference call began at about 5 o'clock last night oracle trade higher in a big way yeah beyond meat so Taco Bell dropping plans to test beyond meets plant based version of carne asada carne asada is that I say it I think so and the the reason is interesting they just don't like the taste not what you want to hear Taco Bell said is said to have been dissatisfied with samples it received in October although the companies continue to work together on new products that is not what you want to hear if you're beyond meat folks they basically just said yeah we just want no part of what you're putting out for a product down 2.2 percent now here's what I will say when we were out vacation in the keys last week doing the programs live from the keys the one thing we were doing we were doing some grilling and we tried some of the impossible burgers they were pretty good they were pretty good I tried one here's a tip of advice though don't have an impossible burger and then have a real burger right after because that's what we're doing and that's what I did and then it was like oh well she's now the real burger but if it's something that and and I love eating meat folks I love eating red meat I love eating chicken especially red meat is a little tough on my system sometimes so I like to keep it maybe once a week maybe twice a week the one thing that these companies continually stress whether it's beyond meat or impossible is that they don't have to be a complete substitute they're not looking just for people who are vegetarians they're looking for people maybe like myself that don't want to eat red meat more than maybe once a week once every couple weeks you're trying to keep it to a minimum if that's the case yes I could see it but it's not quite the same thing to say the least not even close because I had to be an impossible burger and I was like oh that tastes pretty good and then the real burgers were up and I said and there's the real stuff right there on down 2.7 percent we take a look at these stocks yeah talk about some volatility and you are pushing basically IPO lows for beyond meat you've been up to 239 you've been up to 200 you've been up as recently as this year to 221 and you're trading at 68 bucks from beyond meat all right what else we got going on here we talked about peloton yeah amc so amc's got insiders selling folks and can't blame them at reddit prices uh you're back down to 28 bucks now this is a weekly taking a look at the daily you were chopping around about 40 bucks for a while you have the ceo selling 312 000 shares folks 312 000 shares I mean if you're pushing that out at 40 bucks what is that talking about what's that that's what 12 million bucks right I got to make sure I'm doing simple math in my head but 312 000 shares times about 40 bucks yeah you're talking about 12.5 million dollars that he just cashed out at this thing now I'm ballparking 40 bucks it could have been a little bit less it could have been a little bit more but trading a little bit lower sec filing showing a sale of 312 500 shares by ceo adam erron and a sale of 18 000 shares by the cfo uh the ceo had indicated in november that he would soon begin selling shares as part of estate planning I mean good for him I guess but if the ceo thought that this company had upward appreciation of the share price he would not be dumping 12.5 million shares of the company what he's doing is he's saying I'm taking 12.5 million dollars of this position and I'm putting it in something else because my guess is $40 is a pretty sweet spot for AMC considering that they continue to struggle to uh to make money in any capacity to put it to put it lightly I mean you're now trading at prices folks I don't even think we're at these prices yet 28 91 was the low back in august yeah you're now back at prices that we have not seen since may of this year when this thing really rocketed higher think about that in AMC okay now yes you were back down there a week ago okay but you are now below every single price action this equity has traded in essentially going back to the run that it had when it traded from 10 bucks to 72 you don't want to be in no man's land folks which is from 30 bucks down to 10 and that's where AMC is sitting right now there is no reason why this equity can't be back down there there's no reason why any of these GameStop Reddit fueled stocks can't to recoil to reality AMC was trading at under $2 this calendar year it's kind of hard to remember that's what we're dealing with this calendar year AMC was trading at a buck 91 the acceleration in May I mean you thought the fund was going on in January when it traded from two bucks to 20 while it was not over you subsided for a while sat at 10 bucks and then exploded higher in May up to 72 62 but just like that we give it back I mean if you're in margin on this stock you've almost lost it all just from September on AMC let's jump over to GameStop and see how they're trading this morning be careful these Reddit stocks are pushing the lower boundary lines and where we've been I mean look at GameStop GameStop you're almost in a losing position for anybody in this equity back to March right you're trading at 157 we've been pushing 150 to 250 about for the better part of nine months and we're at the lower boundary line of that be interesting to see how that plays out towards the end of the year as well in terms of the markets playing out with some strength folks look at this weekly right so much for market fear in a selloff SMPs right now within 48 points all time highs well within the channel line and that is a weekly bar to the upside folks stay tuned we'll be coming back going over some other equities we got some Friday action we'll be right back folks are you in the market for buying or selling real estate in the bay area including the surrounding st. 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gold holding on to some of those games but up only four bucks gold and it had been as high as about 1790 at 1791 so gold trading down about 10 bucks from that high print we jump over to notes and bonds put it back on a 15 minute to see the action so far this morning you got the tenure right now positive by two ticks but you look at where we were coming into 830 number you're talking about 12 ticks to the upside you're talking about 1.48 percent the yield on the tenure we jump over to the vix volatility index dropping below 20 to 1950 on that vix my take though folks is that we got some volatility coming at you next week with the Fed not so sure that the market has a peg on chairman Powell right now and how slow and ready he is going to be to be patient i would listen to his words he's expiring the word transitory and maybe part of the reason folks that economists are looking for cpi data to get back to a 2.5 percent print somewhere in the beginning of 2023 would be because for the potential for the Fed to accelerate what they're doing here it's possible folks i was talking about i think yesterday on my show bill dudley who used to be the president of the new york fed he wants rates raised okay so that is his part of his bias but he was out there saying you know the market might not have how quickly chairman Powell could surprise things with an acceleration here of an acceleration of the taper potentially leading to interest rates rising a little bit quicker than the market's looking for we're at 6.8 percent right now at the end of 2021 you back it up to what chairman Powell was saying at the beginning of 2021 he was not saying we're going to end the year at 7 percent inflation folks okay so he does not want to be known as a two-term fed chairman that let the economy you know just absolutely go out of control causing inflation causing you know uh basically stealing money from savers is what that does folks you know if you're out there and you're saving boy try and get that money invested in something whether it's real estate um whether it's some stocks you believe in in the long term or something because cash right now is getting hurt in a big way uh those savers in cash getting hurt in a big way and chairman Powell you know he's got a great reputation right now he's handled things very well but he's on the verge and i think he understands it of this economy spinning out of control to inflation and i imagine he's not going to be too afraid to accelerate things in light of the words he used folks talking about expiring the word transitory i think he deliberated long and hard about using the words you know doing away with the term transitory he would not have said that lightly he said it in between meetings too you have to be trying to listen to the messaging okay he's not just going to come out and surprise you maybe that was his soft way of without doing it during a meeting without doing it where you're going to come out and may potentially freak out the market that you're saying hey we're changing things he does it at an appearance in between meetings um potentially softening the blow so when he comes next week i mean it's at least a probability folks and now you have the market you know within one percent of all time highs with inflation at seven percent and the fed about to accelerate its taper i don't know i see some volatility doesn't mean we're going to sink into some kind of bear market man but there might be a recoil at least and i hear my dad talk about it all the time i don't even want to talk about what a natural retracement is for a market that trades from 2100 to 4600 okay no matter where you pick on this chart the pullbacks of just a 382 are substantial to say the least and it's really like there's no other trend line than the bottom we've been at a one-way shot folks okay now yeah you could say the run we've had has been extraordinary from october and let's just see where we're lining up there you're talking about a pullback that gave back 50% okay so we achieved potentially that one but that's only that's that's talking about two months essentially okay there are pullbacks much larger than are possible folks uh you back it up to even where we were so that is the full covid lows this is the calendar year for this year all right as i said i mean look how defined this is in the channel line we're sitting basically at all time highs when we're coming into potentially the most volatile period of all the reason why the market's been doing so well is because of stimulus in the federal reserve that is begin beginning to go away and the market hasn't begun to price that in yet i would assume doesn't mean there's not going to be great stock still out there folks apple up six tenths percent again today 175 65 but i would just keep those spikes back up on your back because these moves are pretty fantastic i mean a company like apple you just added 35 dollars a share uh since october 13th i think that's that's about a 600 billion dollar market capitalization that's 600 billion dollars that is now sitting in accounts that was not there as recently as october 13th folks if you don't think some of that can get pulled back in the natural retracement then i would disagree and with that we get the s&p's giving it up a little bit folks we're only 17 minutes into the day and already the s&p's we got one 830 bar to the upside and then every 15 minutes we got red bars folks i would be careful we get the s&p's at 46 83 tech stocks naztac 100 giving it up as well excuse me it's kind of what i was talking about the market loving a seven percent inflationary data point ahead of the fed potentially accelerating tapering and rising interest rates i would question that theory and i would at least at least be factoring in the probability even if it's 10 percent even if it's 20 percent even if it's 30 percent that the fed accelerates things a little bit quicker than the market anticipates next week i gotta be aware of it folks all right let's jump over to tesla shares so as i mentioned in the beginning of the show tesla elon musk selling some more shares as should be expected tesla a little bit of a sell-off with the market you're down 1.6 percent today nothing too substantial in light of the sell-off we have going on at the open elon sells another 963 million of tesla stock some of the shares were sold in part to satisfy tax obligations is usually how they throw that in there um he also exercised options to purchase 2.17 million shares of tesla according to the filing so what's going on is here is he's exercising a lot of options and then he's selling a lot of them not all of them to make up for the taxes that he's gonna oh now he's out there on twitter as he usually is thinking of quitting my job and becoming an influencer full-time what do you think is what that stands for uh i think he's totally kidding there but i've talked about it before folks i would not be surprised if he pulls back in some capacity from his active role in tesla um and it doesn't necessarily have to do with this sale it just kind of has to do with the fact that he is a visionary man he is not a process person that sits on his desk all day and thinks about the nuts and bolts of an assembly line yes he is involved in every single thing going on in that company in the early stages but it might be at the point and he might maybe he just gets more involved with spacex maybe he gets involved with another venture he's got going on uh he will always be involved with tesla but there's a certain possibility folks that that thing is on a launch pad and uh it's it's moving at all cylinders in terms of the the innovation part of that company is going to be moving forward but they're a trillion dollar company now and they're no longer a startup with a vision uh they've achieved that vision and there is the potential that he pulls back in some capacity to try and innovate in some other way he's got big goals folks and he has changed the electric vehicle industry forever he's done it it's done right electric vehicles are here they're coming faster than we even thought elon is a big part of that reason so maybe he uses his time to further further goals like flying to mars and i'm serious you might see it happen and folks and if that happens boy watch out to the downside if he ever steps away from like ceo role or something like that from tesla be careful on that stock uh right now sitting at 986 market a little soft like now right now you got the rustle giving it up look at that rustle in the red s and p's positive by 24 we got crude positive by 25 gold positive by four be right back to finish up the show stage sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority in technical market analysis and 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open right now amazon traded down just about 30 bucks from the open we jump over to apple shares apple's been one of the strongest companies out there man every day you're up seven tenths percent right now for apple microsoft look at that microsoft up 1.5 percent right now google shares up about three tenths percent right now we jump over to social media facebook up about a percent twitter shares down about 1.3 percent we'll jump over to snapchat shares down 1.2 percent right now jumping over back to notes and bonds to see the move we have just hire we go folks check it out right it is not stopping right now which is remarkable we're talking about a yield in the tenure 1.465 1.465 percent we're seeing a little bit of bond buying and a little bit of s&p selling right now which is interesting that we're going to see yields decreasing right now decreasing yields right now with an inflation number of almost seven percent i didn't walk through the fundamental one of that one folks because it's got me a little bit confused in terms of the fed yes they could give them the ability to be a little bit more paused because we came in line with info in with estimates but man i keep saying it because wrap your head around it folks next week's meeting um there could be a little bit of a surprise in terms of the acceleration and it's not going to be anything crazy okay chairman powell is not going to shock the market but just a few words could surprise the market just like it did a couple weeks ago was it last week already i think it was last week because it's already Friday last week uh when he said expiring the term transitory you saw the sell-offs possible folks uh yes that had to do with variant concerns but my opinion would be is that the variant concerns just provided a little bit of volatility and the fed action is the one that provided the downside over there you got the 10 year right now at 1.46 percent we got the s and p continuing 15 minute bars they're negative folks s and p's are just positive by 19 you look where we were at 8 30 you were trading at 46 99 we've given up 21 s and p points and we're dropping we're dropping Russell negative by five nasdaq 100 positive by 59 should be an interesting day in the markets folks stay tuned we got our man basal Chapman he's up live right now with the tiger technicians hour fast market at 11 excuse me larry pizvento is live at 11 fast market at 12 live programming all day have a great friday everybody