 Welcome folks, this is Tom O'Brien, a TFNN. We have five days a week, we go seven hours a day, we go 24 hours a day in the internet at tfnn.com. Always remember folks, whatever you think about, you bring about whatever you focus on grows. Hope everyone's having a great day, safe day. Let's make a great week, folks. It's hard to believe the 22nd of June. How do you like that, man? Be impeccable with your word. Replace fear with love. The human mind is like a fertile ground where seeds are continually being planted. When you're impeccable with your word, your mind is no longer a fertile ground for the words that come from fear. Your mind is only fertile for the words that come from love. This is a freaking awesome guide, folks. Mugged eyes, let's take a look at it out here. We have the Dow Industries trading up 127 Nasdaq up 76, S&Ps up 21, Gold Contract up a buck, trading at 18.39 notes. We have silver down 37 cents, 21 dollars, 47 cents an ounce, light sweet crude off 357, 105.95 an ounce, platinum down 14 bucks, 9.25 an ounce, notes and bonds, the 10-year note trading up one point plus six ticks at a price point of 117, the 30-year up a full two points plus 25 ticks at 136.05, the 10-year right now is yielding 3.14, the high for the year thus far is 3.46. In the last three months, the low is 2.2, highs 3.4, we're trading 3.1 and King Dollar. King Dollar right now, down 285 ticks, 104, 150 euro at 105, yen 136 and the British pound, 122 to one US dollar. We'll get over and take a look at the S&P, folks. Bottom line, we had a higher price, we had the futures down, rejected lower price out here this morning. Bottom line, we'll see if it can hold price. You got, you're up a bucky three right now, you're trading 3.76, you're gonna have a, yeah, we won't have a contraction of volume because you did 76 million yesterday, you should do more than that. Now the problem is, of course, you're coming into 170 million on the way down, but we'll see where the S&P can hold out. The industry to keep your eye on is the NDX100, 3Qs. 3Qs yesterday, bottom line, they gave a nice tell. The tell there was that, you know, the bottom line, it got over the high that was out here on the 11th of June. Closed underneath it, it's gonna have lighter volume again today, but that's the number you wanna keep your eye on here. That number is 282.34 and right now, we are at 283.04, so right now you're 67 cents above it and more than like, well, we'll see whether it's gonna stay above it. Gold, gold contract did reject lower price out here. That being said, bottom line, it can't get the impetus to go higher. We've been going sideways for quite some time. We've got to 1824 today, you got 139,000 contracts. That's, you know, that's light contract volume. That's what you want when you're basically rejecting lower price. You know, we coming against 200,000 contracts as well as 181. So the setup's there, a little frustrating when you go sideways for such a long period of time, but that is what it is. And we go to King Dollar. We take a look at King Dollar. What you have with King Dollar out here is you got a high today of 104,947. We are at a low of 103,858. So you're kind of laying out a little dogey here. This is a tough one, man. I mean, the bottom line, the swing high you want to keep your eye on is 105,005. It's surprising that it didn't want to try to get to lower price today, because we were up there selling it all morning, and then guess what though? The bottom line is that we can't even get under the swing low that was generated out here last Wednesday, you know? And the big swing low is 103,418. The way this is set up here is like, okay, you know, you came down, you didn't even get to the, you know, last Thursday's low. And when that happens, that's like, okay, that thing wants higher price. And if it wants higher price, this market's going to take a few more conniptions because the bottom line, this market can't stand that dollar when it goes to higher price. We're still in that ABC, we got multiple ABCs on the way down. You got to love Powell's out there, testified, and you know, when I was just talking to Jacob upstairs as we were talking about the aspect of, you know, when CEOs come up with bad news, they always start with like small bad news, it just keeps getting worse. That's how it seems to go. They just let out little by little. Well, Powell finally gave his most explicit acknowledgement to date that steep rate hikes could dip, could tip the U.S. economy into recession, saying it is possible and calling a soft landing very challenging. There you go, folks. The bottom line is that it's a no brainer, man. I mean, the differential, okay, the differential here, and I don't quite know how they're going to get a handle on it is so dramatic, it's unbelievable. So picture this, you know, for us that have been around for a couple of cycles here, the bottom line is that when, you know, when they charged higher with inflation in the 70s, 70s and 80s, right? The difference was we were starting off at a much lower number, and I'll give you the idea. First house I bought, Triple Decker in South Boston, okay? Bought that in 71, it was 71, yeah, 71, paid 14.5%. But guess what? The Triple Decker was only $14,000. I lived on the second floor, I had a sub shop on the first floor, I rented the third floor for $250. So the bottom line is that, you know, I was a kid that's always used to it anyway, but those are good investment, now it's worth a million dollars, right? My point is, is that now we are talking high rates on high numbers. When we had high rates on something that's 14,000 for three units, it's like, are you kidding me? And I mean, you know, yeah, that's South Boston, but the reality is you could have probably been Wellesley on Newton, and yeah, you would have been paying 50 or 60,000 for a single family, but you're still 50 or 60, and now those houses are like two or three million, you get my point. They have to try, I suspect what they're gonna do is this, they're gonna up, up, up on the rates, crash the economy, they're not telling us, really hit it, then they're gonna go down, down, down on rates, because I mean, what do you do? I mean, how do you pay 10, 12, 14% on millions? That's impossible, man. Stay right there, folks, we'll come right back. We have the Dow Industries right now up 100, Nasdaq's up 63, 75, rather. S&P's up 17, we'll come right back.