 Welcome to the Rich TV Live podcast. I'm your host Richard D'Souza, and today we're going to talk about what is happening in the markets, in the world of finance. Huge day today. CPI, which is our key inflation numbers, came in hot. Previous number was 3.2% for inflation. The forecast was 3.4%. You can see here CPI where it's red, see the three red ones. CPI Y-Y year over year. Here's the big number, 3.5%. It came in hotter than expected. The forecast was 3.4%. The previous was 3.2%. This is very hawkish for the market because it means that inflation is starting to go back up. And instead of cutting rates, they might have to add rates if the inflation keeps going up. This is not good news. And the market is giving back gains. We've been at all-time highs for Bitcoin. We've been at all-time highs for gold. We've been at all-time highs for lots of assets. And the stock market has been at all-time highs. Add around all-time highs. That's going to change. Why? Because inflation running hot is going to scare people. It's very scary for people that are investing in the markets, creates a lot of volatility, creates uncertainty. And the question is what is the Fed going to do about it? So we're going to keep our eyes on that. We're also going to look at the overall markets. It's very important to look at the overall markets to understand what's really going on. And here it was. I kind of felt this yesterday. I've been talking to you guys about the fact that I don't want to buy anything because I was waiting for this number. And look, Dow Jones down 1.3%. S&P 500 down 1.2%. Nasdaq down 1.16%. Everybody's giving back previous gains. Why? Because the inflation number, gold even down, even though the gold is trading at all-time highs, 2357, they're down slightly, even though gold is a hedge against inflation. And obviously, gold is going up as inflation is also going up. And Bitcoin is also a hedge against inflation. And we'll take a look at Bitcoin as well. So overall big red day in the market, oil is still green, but red for gold, Nasdaq, S&P 500 and the Dow Jones, the VIX is in the green as we're seeing volatility and the markets in the red. All right. So let's take a look at the stock market. Very important to take a look at the stock market to see what is happening. So we're going to look at that right now. All right. So one of the biggest movers today is MRIN. MRIN currently up 70 to 70 cents and up 144%, one of the biggest movers of the day. You can see it's the biggest mover of the day. And because of that, and there isn't as many movers today because the market's red, there's this huge gap up and then everybody pours into this one stop. Why? Because there's nothing else. So all the day traders that make a living day trading, they're all buying the stock. It doesn't mean it's a good stock. Probably going to go down tomorrow. That's been the trend in this very choppy market. But MRIN is one of the biggest movers today up 146%. Here's ADIL, huge gap up and then big, big candle. So all the day traders jumped into this too. But look at what happened after it went up. It's come all the way back down. So you got to be careful. And remember, Rich TV Live is strictly for information and education purposes where investors just like you guys and we can win in the market and we can lose in the market. So I like to be patient and look for my trades. Here's WNW up 25%. Had a big move pre-market and then went up even more and then sold off. So those are three of the stocks that I'm watching today that are on the move. Dogecoin also in the green today despite all the red. Coinbase also in the green despite all the red out there. And NVIDIA in the green despite all the red today. Micro strategies in the green despite all the red today and meta formerly Facebook in the green despite all the red today. GBTC, Bitcoin ETF in the green. IBIT, Bitcoin ETF, BlackRock Bitcoin ETF that I'm interested in in the green today and Bitcoin in the green despite all the red Bitcoin is holding green because Bitcoin is a hedge against inflation because people know that if you are worried about inflation, you need to look for an alternative. And that alternative in this market has been gold and Bitcoin and both have done very well. Obviously, Bitcoin has gone up much more. ARM AI IPO that is in the red today down slightly hood also in the red down slightly Ethereum in the green now after being in the red is now in the green. Another hedge against inflation is Ethereum and we're watching for the Ethereum ETF to come out. Riot, a Bitcoin miner in the red today. Amazon after hitting 52 week highs in the red today. Netflix in the red today. TCNNF cannabis play that I really like slightly red today. Google after all time highs yesterday pulling back in the red today down 1% gold. This is very gold. This is one of the best in class gold stocks you could buy. They are slightly red today down 1%. Apple continues to sell off. They are now down 1% today as well. You can see Apple there in a decent buy zone in my opinion. Mara down 2%. Another Bitcoin miner having a red day today and here it is the Nasdaq 100 down 1.2% today. The S&P 500 down 1.3% today. Solana having a lot of congestion issues on their network. They're down slightly today. The Dow Jones down 1.4% today. Microsoft down 1.4% today. So lots of red today but nothing huge to really worry about. ETHE one that I'm really looking at. The Ethereum soon to be ETF in my opinion. Grayscale, Ethereum trust. They are slightly green today with Ethereum being in the green. Tesla pulling back today after having a big day yesterday. They're pulling back and giving back a lot of those gains today. They're down 3% today. So I wanted to wait for today to see the market. Now that I've seen a red day today which is what I anticipated. Especially if we were going to have a higher inflation than anticipated with the CPI number. I wanted to make sure that we were going to make good decisions and not risk anything. So now that I know that that was a bad number. Now I want to wait to see when's the next green day. Could be tomorrow or we could see the rest of the week be red. Reddits. I've been looking at Reddit and this is the lowest I think I've ever seen Reddit. So that tells me two things. This is a good buying opportunity or this could continue to go lower. And after a big drop of 6% is very difficult to tell. But after an initial pump, all this has been doing is going down. So I'm not in a rush to buy it. That's for sure. Cause you don't want to buy it a dog with leaves. But at the same time, I just feel like this could become a nice day trading tool. And there's a very good chance that we can see this bounce back at least a $50. Cause it's done it quite a few times. So I'm looking at it very closely for a trade. But I'm not sold on it cause it's brand new. We don't really know. All right. So we're going to watch all the key movers right now. MRIN up 144%. And the CPI has had a big effect on the market today. We are seeing a lot of red everywhere in the market today. You can see the CPI numbers right here. I have it highlighted. So the CPI numbers, let's see, share this tab, CPI numbers, 3.5%. The forecast is 3.4%. Previously it was 3.2%. This is the problem right here. We are now going back up with our inflation. So after all the rate cuts and the inflation started to go lower, now inflation has started to go back up and they've been talking about, sorry, rate hikes over the last year. Now they've been talking about rate cuts. Well, are they going to do rate cuts with inflation going back up? That is the million dollar question. And you can see the volatility here in the occurrences, how the Euro-USD is moving 132. Like these are massive moves. Euro going downwards to the USD. So the USD looking strong here in this market, especially over the Canadian dollar, a whole full percent. So very bullish for the US dollar has been this inflation news. All right, so MRIN, the biggest mover of the day, up 144% that we are watching. All right, let's just see if there's anything else moving that needs to be getting our attention. Okay, so ADIL, they're at $1.88 up 65%. 78 million shares in volume. Wow. Big volume day for them. W and W up 24%. They're having a big volume day. I always like to look at the volume. Volume is 53 million. The average volume is 1.89 million. Today their volume is 53 million. So big volume today for W and W. All right, let's see if I can find some other stuff. See if we can find some other stuff worth looking at. IFBD. Info bird. Info bird is up 36% right now. Info bird. So this is one that is trending here. All right, so this is Info bird. You can see the MACD did give the buy signal and it has followed that buy signal up 36% Info bird having a big day up 36%. And this is the one year chart on Info bird. So you can see it's been much higher. Three month chart shows that it's also been much higher. And the one month chart shows that it has been to about this region. So this has been a good sell zone. And then it's come back down to like that $3 mark in the last 30 days. So as a trader always like, I always like to know the highs and the lows of the zone that you're trading in and try to really understand where it's going to go next. That's really what trading is about for me. Understanding what you're investing in because you could be investing in hype. You could be investing in real fundamentals. You could be investing in a company that's moving on news. You could be investing in a company that has an acquisition happening. There could be insiders buying or selling the stock. There's a lot of different reasons why stocks or cryptos go up. You need to understand what that reason is and you have to have a strategy. You need to know before you even buy a stock or crypto what are you going to do before you buy that stock? What is your plan? Do you plan on selling it quickly? Are you not holding it for a day, a week, a month, a year? What is your plan? You need to know what your plan is and then stick to it. That's typically what I like to do. Now, things do change in the market and sometimes that changes your plans but it's very important when you're making investments that you have a plan and you stick to it. So if I was to buy micro strategies, okay, if I'm going to buy it at 1466, what's my exit strategy? Am I selling at 1700, 1800, 2000? Am I selling within 24 hours, a week, a month? What is your plan? Know what your plan is before you even go into the stock. I think it really helps because then when it comes time to sell, you don't have any issue selling because you're just following your plan. You eliminate any emotion because when you're investing, you can't have emotion. Here's Coinbase. I just sold my Coinbase at $253. Made a really good trade. I held that trade for a few months and it paid off very, very well. So it was more of like a swing trade but I held that for 60 to 90 days and it yielded really large returns. So that was a very good trade but now it's like, okay, I got in at 176, sold at 253. Great trade. Now what? Right? Now we're back to 247. What are we going to do now? So I've been waiting for a dip. Nothing real big has happened as far as big dips which shows how strong Coinbase really is but if I see any big dips, I might get in again. Here's NVIDIA. I just saw price target today of $1,000 for NVIDIA. So they were just at $1,000 and they're back down to these lower levels and now they're bouncing off $830 back to $865. So there could be a trade here for NVIDIA from here to $1,000. I can definitely see that. Is it worth it for me? Is there enough juice there to make it worth it for me? I don't know. 10% would be $86. So I would need this to move to $940 range, $50 range to make 10%. That doesn't really entice me. So as much as NVIDIA has done really well over the last, especially the last year to two years the question is where does it go from here? So it's literally been going up faster than Bitcoin. Here's ETHG. They just gave the buy signal here at $12. They've been clearly correct. It's been as high as $48, which is amazing. Kind of gives us a little idea of where it can go and $35 multiple times or $25. This is one that I'm really interested in buying. So I'm watching it really closely, like really closely and going to watch and see how inflation and the CPI affect ETHG. But I really like ETHG. And this is a way to buy Ethereum but buy a stock. I mean, it's like buying Ethereum, but it's a stock. So I really like ETHG. GBTC, Bitcoin, ETF, really like these guys as well. You can see how it's gone straight up. So if you've bought this ETF, you've done extremely well. I mean, it's gone straight up because Bitcoin, since this ETF is open, Bitcoin has been going straight up. Same with IBIT. This is the BlackRock ETF. They've been going straight up as well. Lots of buying coming in. Meta. Look at Meta. What a beast. Unbelievable move by Meta. But where do we go from here? It's already high, right? Ethereum is looking like it's gaining steam. Bitcoin is looking like it's gaining steam. This is a hedge against inflation. And clearly investors are running to Bitcoin during high inflation. People are running to Bitcoin and that has been bullish for Bitcoin and Bitcoin continues to look strong. Now it's 69,400 full disclosure. I do own Bitcoin. It's done extremely well for me and I'm sure anyone that is holding, congratulations if you have. We've been talking about Bitcoin on social media since 2017 when the price of Bitcoin was only, at that point, the price of Bitcoin was $1,000. Today it's at $69,000. So congratulations if you got in for the win and you're up 68 times your money since we've been talking about Bitcoin and investing in Bitcoin and teaching people about Bitcoin and orange-pilling people about Bitcoin literally all over the world ever since. And I'm really proud of that and we're going to continue to do that. And look at that Bitcoin now it's 69,500. So Bitcoin is really making a move here. On this high inflation data Bitcoin is really making a move. Let's not look at the five-minute chart. Let's look at the one hour chart. And this is how Bitcoin is responding to inflation. It's ripping and we're soon going to be at 70,000 or at 69,700 and just ripping like Bitcoin is just ripping. Responding very well to this high inflation number which is not good news for the market. Stock market's red giving back gains but Bitcoin is going higher. That once again just tells you the power of Bitcoin. Here's the inflation data. The CPI came in at 3.5%. The forecast was 3.4% and previously it was 3.2%. So that's not good for the market. That's why the market is red today. You can see here the market is fully red. Giving back gains as we were trading at all time highs in the Dow Jones, the S&P 500 and the NASDAQ. Market had to give back some gains. Needed a reason for a pullback. Now we have a reason. Inflation is back and heating up again. It's not good. It's not a good thing because inflation is heating up again. I can promise you guys that. Look at this. Bitcoin at 69,800 and really moving. Look at this. The MACD gave us the buy signal right here and they've been correct. It's shooting. It's 69,900 right now. Bitcoin looking very strong. Very, very bullish price action right now for Bitcoin. Let's see if we can break 70,000. 70,000 has been a very large area of resistance where there's been a lot of selling. Which makes sense because that's really the highest Bitcoin's ever been. Between 70,000 and 73,000 is the highest it's ever been in its history during this bull market. The highest previously was 69,000. We're now trading higher than the previous high of the last bull run. So we're at a really high level. So it makes a lot of sense that people are selling. However, when that selling gets exhausted and those sellers move out of the way we're going in the one direction and that's going to be higher and that's when you're going to want to hold Bitcoin. Or that's when in my opinion you want to be selling Bitcoin is that when it goes higher for the next new discovery of all-time highs which are coming very soon because Bitcoin is having very soon. I'm going to show you that. Bitcoin is about to shock the world because it's having is in eight days. The Bitcoin having is in eight days. Here it is. The Bitcoin having is literally we have a countdown here. Eight days, 21 hours, 55 minutes and seven seconds away is the Bitcoin having. Check this out. I literally have a countdown and I am watching this very closely because this is always historically the biggest catalyst for Bitcoin. So if you are into Bitcoin or you're learning about Bitcoin or you want to learn about Bitcoin you need to understand the Bitcoin having and how it's historically been a massive catalyst for Bitcoin and how it could be another massive catalyst for Bitcoin again and how the price could absolutely explode. I would say over the next six to 18 months we're going to see Bitcoin go much higher and it's because of this Bitcoin having which is going to reduce the block reward from 6.25 Bitcoin per block to 3.125 Bitcoin per block. So that is the reason why Bitcoin is so financially rewarding because they reduce the amount of Bitcoin that can be mined every four years and that makes Bitcoin very scarce and that makes the supply shrink the demand is growing and thus the price of Bitcoin going higher and why we are trading in these all-time high regions of 69,000 and approaching 70,000 and we've been as high as 73,000 and every time we get over 70,000 it sells off because anyone who's been buying Bitcoin when they're selling at 70,000, 71,000, 72,000, 73,000 they are selling at a profit because Bitcoin's never really traded over 70,000 until now so anybody that's selling is selling at a profit pretty much and that's one of the reasons why there is a lot of selling at 70,000 it just makes a lot of sense however eventually all of those sellers are going to be exhausted those Bitcoin are going to change hands and the price is going to go higher this is why I believe this is this is the time to be invested and to be focused on Bitcoin Bitcoin having Bitcoin mining stocks Bitcoin related stocks and really take advantage of this trend which is in our favor right now if you're a Bitcoin investor like I am and remember Rich TV Live is strictly for information and education purposes please do your due diligence do your research before you invest in anything we talk about or discuss here on our show past performance is not always an indication of future results and we can't guarantee what's going to happen in these markets these markets are very volatile they go up and down they're very risky right now there's a lot of people winning and some people losing so you have to have a very good strategy in this market and look at this Coinbase just back up to 250, look at that Coinbase looking very resilient following Bitcoin up now up 3% my strategy is a 4% they're following Bitcoin up my strategy is back up to 1500 so these are Bitcoin related stocks and because Bitcoin is doing well right now and in the green you're starting to see that Bitcoin related stocks are following so is Ethereum also following as you can see so IBIT also following GBTC also following ETHG so to me that's a cheat code that's a cheat code right so you can follow the money and you can see as Bitcoin goes up these Bitcoin related ETFs and Bitcoin related stocks will go up so this is a great way to take advantage and hedge on the moves that Bitcoin and Ethereum are making in the market by buying these ETFs by buying stocks and the ones that I'm looking at the most right now are IBIT, ETHG so this is the Bitcoin BlackRock ETF ETHG which is the Ethereum grayscale soon to be in my opinion ETF and then Coinbase great ways to trade Bitcoin in my opinion also micro strategies I know it's high but this is one of the largest holders of Bitcoin so is GBTC these guys are also one of the largest holders of Bitcoin in the world these are great trades in my opinion these are great trades and if Bitcoin is going up they will go up if Bitcoin goes down they will go down so you really got to watch Bitcoin if you want to watch those trade ideas alright so the biggest mover of the day MRIN up 151% ADIL up 65% IFB D up 33% and then WNW up 26% those are the movers that I'm watching today after that DOGE up 3% micro strategies up 3% Coinbase up 2% NVIDIA up 1% these are the stocks that I'm watching today ETHG now gone red after going green it's bouncing back and forth GBTC also in the green IBIT in the green meta looking strong again today and then Ethereum looking strong Amazon in the green as well Netflix slightly red Solana slightly red ARM the AI IPO I really like slightly red Google after hitting all time highs yesterday in the red today people are taking profits HOD slightly red Apple also slightly red but just very very little red for those ones and the NASDAQ it was really red I'm going to come back a little bit they are still red today S&P 500 in the red Riot a Bitcoin miner in the red today and Microsoft in the red gold this is Barrett gold also has a dividend there in the red slightly Dow Jones in the red Mara a Bitcoin miner in the red Tesla I think this could be a good dip buy for Tesla I'm thinking about buying Tesla but I really want to see the earnings first before I buy so I'm going to wait and then red it maybe a good dip buy for them they're trading in a really low zone you can see our side thinks that they're also in a buy zone and red it trading around all time lows but will they go lower I mean that's the thing as an investor right now will it go lower or is it just down because the market is down alright thank you guys for watching I'm your host of the most your boy Richard Rich TV if you're not winning you're probably not watching bring in the winners CEO interviews, breaking news, trending topics and we bring it to you first trying to break down the markets once again MRIN the biggest mover of the day as you can see that's been their chart up ADIL up 64% big mover IFBD a big mover up 33% and then WNW up 26% on a day where bad day in the market where inflation it goes higher this is a good for the market the market is red but Bitcoin is rallied and proven to be a hedge against inflation and a place where people can put their money because it's green on a red day we'll see if this continues we'll keep you updated if there's any crazy things that happen we'll let you know first I'm your boy Rich from Rich TV on really not a great day in the market because inflation is running hot CPI number came in at 3.5 higher than what was forecasted as you can see here and the forecast is 3.4% came in at 3.5 previously it was 3.2 that's not a good sign means inflation is going up and that means that prices of everything could continue to go higher and the Fed might even have to look at raising rates again so we'll see what this means and keep you guys updated I'm your boy Rich from Rich TV and I'm out Peace