 Brian welcome folks Jacob shoot filling in again for Tom O'Brien. He'll be back Tuesday back with some more good insights The market is up today if you didn't catch our 3 p.m. Update the market just does not It's not really acknowledging what Powell was saying again if you missed it yesterday He was saying there is still a risk to the upside with inflation that they might have skipped Some rate increases, you know this time around but he expects more to come throughout the rest of the year Excuse me Can't talk about him. You get a little something to your throat there, huh? Anyway Gdx up point four four. We're looking at the gold contract. This did pretty well today on some significant volume Definitely some big movement on it with the dollar getting depressed quite a bit We'll talk a little bit. I'll show you a chart here in a few regarding the kind of a dwindling Percentage share that the dollar has in the reserves basically of different national banks while that's mainly being taken up by euros and The actual fall of the dollar as some people are calling it will probably take quite a while It's still something to be cognizant of but as it stands now The dollar is going down quite a bit So we'll see what happens with that. It's been fighting for the 101 level. We did not touch 102 just yet But we'll see what we can have what we can get done through the rest of this day and tomorrow meta up significantly 4% today almost 3.5 we have right here on the the trading program Tesla down a little bit again breaking its kind of 14-day streak there trading up Apple up 1% still dynamics fighting so We were talking to the den before the show and It was brought up that the millennials just keep investing right and there are such a large portion of Traders now and I want to bring in Gen Z as well right so people born 1996 below and I Think that there was some decent insight that they might be continuing to drive this kind of Bull market and and avoid any kind of sentiments of you know something bearish and the thing I'll say to that too is Young folks, they've only ever known this kind of market right and the way that the culture is you know with Different youtubers different, you know tiktokers what have you there is so much conversation and there really is like a subculture of You know becoming financially Independent based on the stock market right and keep in mind too, you know for for younger folks Maybe people who are in their early 20s right now. They grew up seeing people make you know millions of dollars off Extremely risky investments such as Bitcoin and other crypto currencies and also saw people make tons of money during 2020 when you have that massive pullback in March and You know if you just bought at that area, of course, you know, you made money and everyone makes money in the bull market and so Seeing this as a way to become financially independent as a lot of the younger people do kind of conceding that You know, there might be a bear market or you know, you might have to reel back some kind of investments for a time being or maybe the Stock you picked wasn't the best idea. That's you know, you're fighting against a really powerful Psychological kind of bias with that right and maybe they don't want to admit something like that So you got to keep this kind of effort going right because it's your your way out So just some food for thought regarding that and it would be interesting to see any kind of data of how much young people are Buying and how risky they are. I will say this is anecdotal, of course But a lot of the younger folks I know and again, I'm I'm gonna talk with the younger 20s range Made extremely risky investments over the past few years, right? Like it had you analyze this based on any kind of thing that University or traditional knowledge would have taught you You know, you would not buy right They did and they made a killing on it and I can probably name about three people I have in my mind right now Who who have done this and it's you know, it's pretty interesting, right? You know, of course reality at some point probably catches up, but for the time being You know, this market's green and I think the young folks are benefiting a lot from that anyway, you know on the show I like talking about cyber security quite a bit and kind of the The market surrounding that and how I personally believe that Investing in cyber security firms now is is going to be pretty lucrative in the future You know, there hasn't been a lot of attention pay to it for some time You know, we had legislation passed around data protection Security and retention and that's fine But what's gonna start happening is you know, your big companies that get targeted They're gonna start historically, you know, everyone kind of saw them as victims, right? Well the impact and I'm talking to the financial impact and the impact to people security and privacy Is becoming so? High that they're gonna start having to bear the costs of it and that's gonna be mandated by the government at some point To give you a little idea of you know, how intense this is and we'll talk a little bit more about this But it turned out that the Chinese have breached hundreds of public's private networks and a security firm says a Suspected date state-backed Chinese hackers use a security hole in a popular email security appliance to break the networks of hundreds of public and private sector Organizations globally nearly a third of them Government agencies including foreign ministries the cyber security firm Mandy and who is also the target of a pretty intense hack About a decade ago. Oh, excuse me about five years ago This is the broadest cyber espionage campaign known to be conducted by the Chinese nexus threat actor. So, you know Listen when it when it's state actors, you know, you're in a whole other realm of Threat right because this becomes a little bit more existential to an entire population of people but What state governments do as well is a attack us on an enterprise level Okay, and the our government in the US has understood that finally and that's why they're forcing larger companies To take kind of matters into their own hands and follow certain guidelines at the risk of some kind of sanction The Wall Street Journal posted an article And this was today earlier a cyber investment flows update June 2023 investment in cybersecurity firms and startups fell by as much as two-thirds by the first quarter of 2023 Indications or that corporate budgets for cyber spending will increase or remain the same and I think this is a major misstep, right? Again, this kind of shows that the upper level, you know, your upper level decision-makers in side enterprise level kind of companies Aren't getting the message yet. And what is it going to take and it's going to take more breaches from threat actors essentially until they lose tons of money I mean, they're dropping by billions of dollars on investments and I don't think this is smart the years coming This current administration whichever one takes over as well This is going to become a far greater focus and so while spending has gone down this This quarter keep an eye out because it will increase over the next few years folks. Stay tuned. We have Tim Ward on next