 Welcome folks! This is Tom O'Brien of TFNN. We go five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember folks, if you think about, you bring about whatever your focus on grows. Hope I was having a great day, safe day, beginning of the month. Let's make it a great month. Surrender and let go of the past. Always do your best. Whatever life takes away from you, let it go. When you surrender and let go of the past, you'll have yourself fully be alive in the moment. Letting go of the past means that you can enjoy the dream that is happening right here, right now. Knock it wise! Let's take a look at it out here. We have the Dow Industries down 28, Nasdaq off 12, S&P flat. Gold contract down $9.60 trading at $19.89 an ounce. We have Silver up 2 cents, $25.25 an ounce. Seventy-five dollars, 80 cents a barrel. Notes and bonds, a 10-year note. Down 23 ticks, trading 114.15, a 30-year, down a full two points, at $129.19, a king dollar. King dollar's up 508 ticks, trading 102.168. The euro's 109. The end's 137. The British pound's 124 to one U.S. dollar. Our phone number's 877-927-6648. Give us a call, folks. I know it's going on in your world. In the world of the S&Ps, let's take a look at them. What do we have? We have a flat market out here. I expect you're going to stay like this until Wednesday at 2 o'clock, folks. The meeting starts tomorrow. Yeah, meeting starts tomorrow and goes to Wednesday. That's the Fed meeting. So we have out here today, you know, the spies are flat, literally flat. $415.94. We take a look at the... Just one second, folks. Sorry about this. Let me get this up. Let's see. That, that. There we go. Sorry. There we go. There we go. Okay. The queues. We take a look at the queues. Same type of setup inside the queues. Bottom line, you get sideways. Move out here today. You know, you're down 18 pennies, but that's it. Last Thursday and Friday were strong days, folks. There's no doubt about that. In fact, the queues took out a B point, took it out with volume. So the queues want higher price. Let's go take a look at the note and bond market. So the note and bond market, this has been vacillating back and forth, but continues higher. Every time it's come down, it's come down. Here it is again with light volume. See this right here? The attendee is down, but you had 781,000 contracts. Now, watch this. We went up Friday with 2 million contracts. We're pulling back with 781. That says that notes and bonds want a higher price, lower yield. It's pretty amazing, actually. Let me look at the U.S. of 30 year here. So the 30 is off a full two points. You got 217,000. This is going to be the same thing. We went up a lot more. This is going to gyrate in a month's away tomorrow for sure on Wednesday. Yeah, look at this. So we went up Friday with 380 back in our 217. So the market, the way the market is set up right now is that the market is saying, I want higher price, lower rates. The way the Fed is set up is that the Fed is set up to the point that they want to go a little bit higher. Now, you've got to remember something. The Fed is overnight rates. That's all this is all about. It's bank to bank rates. So you can have both. That's the bottom line. Gold. We're going to take a look at the gold market out here. Gold couldn't hold price today. It's all about the U.S. dollar. We take a look at the gold market. We did have a gold. Gold got up to the price point of 2015. We did 162,000 contracts and couldn't hold price. So this has been holding up pretty good up here. The real kicker is going to be where this dollar wants to go. And this dollar, I suspect, really might take as if this dollar wants to go to 106. Now, this is where this goes. If this dollar wants to go to 106, your probability is pretty high that the Fed is going to come in with another quarter point. And more than likely, they're going to come in and I know they're probably going to start to sound kind of bearish, not bearish, like they're not going to stop. And when you look at that fundamentally, that's kind of hard to comprehend because of the fact that the third bank just went down. The first federal, first Republic Bank. J.P. Morgan took over first Republic Bank. Bottom line is we're going to take a look at J.P. Morgan. And you're going to see what's intriguing here is J.P. Morgan, as the same with Wells Fargo, they both, so check this out, this is pretty amazing when you think about it, they both are at their max, meaning that their deposit base is 10% of the whole deposit base in the whole United States. So what has to happen is that in J.P. Morgan's case, the bottom line is that they have to say, oh, okay, well, you know, we don't want you to go over 10%, but because of the fact that the federal FDIC is going to lose so much money, we're going to let you go over 10%. And there's no doubt that whatever clients, a left and first Republic, those are very high-end clients that I'm sure that J.P. Morgan is going to just eat up in a monster way. And there's no doubt the banks, the government, the Treasury, they all played chicken right to the very end. And we don't know what the actual deal is yet. But what we do know is that when citizens took over signature bank, citizens went up dramatically because the fact of the matter is that the bankers themselves know a lot more than the regulators. And that's just shown because these banks went down because the regulators weren't doing the job. So there's a deal in there. There's a deal in there somewhere, and I suspect it's going to come out. Dow, Dow Industries right now down 22, the Nasdaq's off 11, S&P's up 1. Let me go look at that oil market. So oil, yeah, let's down on my volume. Stay right there, folks. Come back when I'm at Mississippi Roads.