 of T. F. N. N. The Tom O'Brien show is produced every business day. Tom takes your phone calls toll free at 1-877-927-6648 internationally at 727-873-7618. Hey, Robin, how you doing man? Yeah, thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple years, just different members of your team and I really enjoy it, but really the reason I'm calling is to express my sincerest gratitude for you providing that information yesterday on a small business grant. I'm a small business owner, primary bread winner for my family and if I can get that money, it's gonna really lead a lot to my family, so thank you for taking the time to do that. No, listen man, we appreciate you growling and prowling with us. Now, Tom O'Brien. Welcome folks, not Tom O'Brien, Jacob Schoop, happy to be with you all. Give us a call, send me an email, jacobatfnn.com, let's first look at the end of the bear market. Apparently, this is the largest, excuse me, the longest bear market since the 1940s, so we've spoken about, these are major companies that are driving this, right? And we have jobless claims increasing, so what's going on? Why is this the case? And I came across this interesting chart and this looks at basically Morgan Stanley's equity index and then excess liquidity, and this is a pretty good indicator of future performance on the MSCI. So the idea is there's still a ton of excess liquidity. It started to rise from depressed levels as inflation and growth are falling and that frees up the assets supporting liquidity and there is just, I've said, there's just a lot of money going around here. So it'll be interesting how it comes, I mean, there really is like this divergence, right, in the general kind of economy versus how the market's performing. So it'll be interesting to see how that kind of flushes with each other, excuse me, flushes with each other. So, all right, one of the things I wanted to speak about today, we spoke a little bit about Cathie Woods buying Coinbase the other day after news came out that the SEC was pursuing them in Binance as well. But she also purchased today a bunch of shares of block. And if you remember from, I think probably about a month and a half ago, maybe a little bit over, Hindenburg released that article. What I said at the time is that, okay, so there might be some issues regarding blocks, reporting of unique accounts when in reality they're probably accounts operated by the same person, okay, so you have like doubling essentially. But one of the other things that Hindenburg really hinged on was it being used for like illicit purposes, I guess, certain kind of black market activities. But I don't think investors generally care about that kind of stuff. And this is really what I expected to see. It really crashed down below this level, kind of after those reports here, kind of move back down. And Cathie Woods, I think, has a positive outlook on it. It'll be interesting to see if we can get back to that, you know, 75 level. But, you know, Cathie, if you're listening, please call in and tell me your thought process on everything you're doing, because it's super interesting, right? Binance some more stuff going on. The SEC said that CZ, which is the CEO, Cheng Peng Zhao, said that he redirected 12 billion in funds, okay? And so CZ responding to that, right? And there really is this kind of big, you know, extended kind of conflict, right, with the SEC and these crypto brokerage firms. And CZ says that's not even possible, because we only had, at max, to his knowledge, 2 billion in user funds. So how could he switch, excuse me, redirect 12 billion? It's going to be really interesting to see. I've seen CZ speak, and he's the CEO of Binance, and he's a pretty sharp guy, and he always comes prepared. I'm sure we'll have some kind of hearings about this in the future, and that will be something super important to watch. But again, going back to Coinbase, you know, Cathie Woods purchased 21 million, so and she's still sticking with that $1 million valuation for Bitcoin, which is, you know, pretty big off of what we're at currently. So Palantir, again, we were speaking about a little while ago. All the big AI people, they signed a paper, right, that AI developers, that we need to put a halt on AI development, just until we can develop kind of a framework, of how we're going to do it and make sure that the impact on the economy and really to the human condition is not so extreme. Well, Alex Karp, and he always has something fun to say, he says that this is occurring because they don't have any product ready, which I think, you know, the market liked a little bit. Palantir essentially is going to start providing AI to the military, and they are already, but this is going to just get far, far more complex. And I was trying to find it for you guys, but I just couldn't locate it online, excuse me, on YouTube. But it was this mock battle that they were doing, the military, and they were using drone footage and connecting it up to an AI, gave the AI the kind of information of force size, what the capabilities are of the attacking force, which was supposed to represent the US. And the AI came out with three or four plans of how they're going to go ahead and approach this certain target. And it was just really insane to watch, right? I mean, this is going to really change how things are, how things are done. I was talking to Besford about it a little bit, and we just both agreed it is just a pretty insane kind of deal. So looking a little bit here and going back that letter with Tesla CEO, obviously he's Wozniak and a bunch of other really prominent and impactful tech figures, you know, signed this only over 31,000 signatures. Carp said, people have nothing to offer want to study AI, but by taking a pause, this could lead to adversaries stealing a lead and not only commercial applications, but also military applications. It says to him studying this and allowing other people to win both on commercial areas and on the battlefield is a quote, really bad strategy, right? And this puts us as a society, you know, in a pretty difficult spot. I don't think that analysis is really wrong, right? And he likens it essentially to the Cold War arms race, which I also think is probably a pretty like apt parallel, right? So it'll be interesting to see which way we take it, because certainly other entities and countries that are investigating this are not going to agree, or at least the chance is pretty low that they would agree to also halt AI development. So Palantir's angle is like, no, let's just chug full force ahead. And we'll see this will probably be decent for their equity, but you know, we'll wait to see. So Tesla, which is really pumping us up today, and we're about to go on break. So we'll get back to it. But GM is going to use their charging network. And that's going to join forward and leveraging the EV leaders tech. And this is huge. One of the things, and again, we'll talk a little bit more about it when we get back. But you know, when when the pot stocks were popping, everyone wanted to get in. Everything was so inflated price wise anyways, at least regarding those, you know, the value of the equity of those equities. And the goal is is you want to get into things that are kind of related, right? But you don't want to get so into it. So looking at these kind of subsidiaries, but kind of like secondary companies that will help prop up the EV market, obviously Tesla is taking it right with the charging stations. But it'd be interesting to look in the market in general for things aren't directly related regarding production of EVs, but help support them folks. Stay tuned. We'll be right back. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars, providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence, and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators, and other important tools for analyzing this sector. Sign up today on TFNN.com. 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Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. Draw the parallel from what I was talking about with the pot stocks. Again, everyone wanted to invest in those. Things I was looking out were like Scott's Miracle Grow or any kind of additional stuff that would be needed in order to produce that end-of-product. And I think that's what's important to look at, especially with something like the EV market. I think Tesla is going to get something like $3 billion for that. Let's see here. This is from an Arkansas news post here. This is Arkansas will receive more than $54 million for electric charging stations. And this is what's so big for Tesla, right? It's not just you have the private economy working on it. You have the government as well putting a bunch of money in. So they're going to have one every 50 miles of an interstate with an one mile of interchanges. I mean, this is just, it's pretty massive to get this kind of grant for it. So there are, I think Tesla is going to have quite a good time with this. And really, like, can the competition, you know, can they even compete, right? So Tesla's still poised, I think, to stay at a pretty good spot for them. So speaking on that note and just kind of renewables in general, I found this article quite interesting. I was looking at it a little bit this morning. And this is electricity prices in Finland. They flipped negative. And this is because of a huge oversupply of clean, quote, hydroelectric power. And that meant suppliers were basically giving it away. And they're running nuclear as well. This is just, it's really interesting as well as unexpected floods are leading to a glut of clean energy. Obviously, this is reversal from last year when the Fin slashed their usage after cutting ties with Russia. Pretty impressive. While much of Europe was facing an energy crisis, the Nordic country reported that its spot energy prices dropped below zero before noon. And this is meant that the average energy price for the day was slightly below zero. And that's the CEO of Finland's grid operator. In practice, it doesn't appear any ordinary Finns are being paid to consume electricity. Obviously, people pay a markup on the electricity and often pay agreed rates for power instead of raw market price. However, I think this is just, it proves the point, right, that implementing obviously in their case hydroelectric, but whatever you have in the environment, you know, if you're near, let's say like volcanic activity, you can use geothermal like the Icelanders are doing, but also implementing stuff like nuclear energy, which I really think, again, is going to be so important for the future. Anyways, I found that interesting. One of the things they say in this, however, is them cutting ties with Russia, right? Obviously, Russia is still making money and they've done actually pretty well this quarter and the quarter prior, at least regarding their banks. And I was wondering how different, you know, sanctioned nations kind of get their places to where, get their goods to where they're going, right? And obviously for Russia, it's oil and this article when I was looking this up is regarding Venezuela, right? And they have something called dark fleets, right? And so essentially what these are is they are obscured shipping vessels, okay, and they transport illegal oil cargos. This has enabled countries like Venezuela, but also Russia as well, to continue exporting oil, even in defiance of the US sanctions, and that's contributing to the economic recovery. So the expansion of dark fleets enables Venezuela, the national oil company, to export increasing amounts of oil undetected. And this is crucial for the growth of Venezuela's economy. The IMF predicts a 5% expansion, at least in Venezuela's GDP. Russia itself, we take a look at this. The VTB, which is their big bank profit, seen at a record 400 billion rubles in 2023. They got hit pretty hard with sanctions in the beginning, but as more and more economies in the world kind of basically strengthen and develop, I feel like the less these sanctions are going to kind of work, right? Also, when you're trading in kind of sanctioned raw goods, the countries that are buying them are getting them at a lower price, right, than what would be standard. Obviously, the countries that are sanctioned don't have really anywhere else to go, and this helps basically cash flow continue into countries that are being sanctioned. At least the VTBs, which is Russia's state-owned vendor, see a profit of, quote, not less than 4.9 billion in 2023. Here, let me get it over for you. In 2023, after a, quote, bumper first five months of the year and record loss last year, and Kostin, he's the big guy there, told Reuters. A profit in the first five months of this year totaled 239 billion rubles, and that was after a loss of 612 for 2022. Quote, we consider a price forecast of about 400 billion rubles for this year to be realistic, which is a record figure for us. And this is just, it just goes in the face of the whole strategy, right, of what the West has been able to do for so long is kind of engaged in this economic kind of warfare in a sense, right? But I don't think that will any longer going into the future be as effective as it once was, and that's in some ways a little bit stressful. You think about it, right? Because the only other kind of way you have it is either, I suppose you could go with diplomacy, but what are we doing with that? And then really just kind of physical conflict, which is not what anyone wants. But through these kind of channels, right, with the dark tankers and smaller countries and developing economies becoming stronger and doing deals with sanctioned countries, this will be a little bit more difficult for the West to impose on people. Let's see here. Another big thing, I spoke about this a little while ago, and I think I had too much kind of emotional bias in it. I really disliked that Netflix was cracking down on the password sharing, but that's because I wasn't paying for my Netflix account, right? If you look at it from a business perspective, it makes sense, and honestly, I think it was ignorant on my end to kind of suppose that they would lose customers for that, because really in order to do that, you'd have to be going on some kind of moral campaign about it. However, the subscriptions exploded after this crackdown on sharing. Some 100 million people around the world are using borrowed passwords, which is insane. And that was making them essentially lose a ton of money, and this has really, really helped them. So let's see here. I want to, when we get back from the break, I'll pull this up, but it's a good chart basically explaining this, right? The cost of sharing with an extra person came out to $2 less per month than the basic subscription they were having, and a dollar more than the ad-supported plan that they introduced last year in order to kind of cushion against this before they did so. According to the report, antenna user third-party opt-in service to analyze consumer information, and since the password sharing crackdown went into effect, shares of Netflix have risen about 13 percent. Absolutely insane. We'll talk a little bit more when we get back on this. Folks, stay tuned. 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 and technical market analysis, and it's not just dry tedious text either. 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Regarding just a little bit on Netflix, the last day with volume here is May 18th at that 325 level. This has really gone up quite a bit since then. In the past few days, at least this month, you've had some decent volume in relation to that. People loved Netflix, too. If we look back at the five-year chart, but we look back at the top of this, this is like 700 bucks. Obviously, I don't think we're going to get close to that at all, but to see it really recover in such a way all the way down from this sub-200 to 162 at its low, it's pretty insane recovery in some sense. That's what you would expect in an era that doesn't have just a bunch of free money in general. Speaking of easy money, some interesting data coming out. Bankruptcy filings pile up the fastest rate since 2010. At the peak of the Fed's yield repression in the mid-2021, the BB-rated companies could borrow around 3%. The companies that are junk-rated because they have too much debt and inadequate cash flow to service that debt, and in other words, investors risked life and limb to earn 3%. And now these investors are asked to surrender such. But that's how it goes with the old chasing. The BB junk bond yields have risen nearly 7%. This means these companies had trouble producing enough cash flow to service their 3% or 5% debt and have to refinance this debt when it comes due, or add new debt, which is going to be at that 7% rate. And that 7% may still be low considering inflation running around near that neighborhood, but it puts a lot more strain on these companies. S&P Global has released in May its bankruptcy statistics for companies that are publicly traded with at least 2 million in assets or liabilities listed in their bankruptcy filings. And private companies with publicly traded debt, such as bonds, with at least 10 million in assets or liabilities listed in their bankrupt filings. 54 of these companies fell from bankruptcy, and that's the ones that they're listing here are Envision Care, Vice Holdings. Obviously, Vice had this insane, and that's the magazine and news outlet, Vice. Kitty Fernwell and Monotronics International. Let me see if I can pull this up for you quickly. Yep. Well, anyways, it's not clipping out. Regardless, this is, I think, going to continue, and we were speaking about this as well about probably about a few months ago, and this is going to happen when these kind of rates come up. A lot of these companies aren't going to be able to hang essentially, right? So what did you expect really from that? Talking a little bit more on AI, there's always the big fear of people losing their jobs. This was really interesting. This is from Statista, and the source was the U.S. Bureau of Labor Statistics, and this is services no longer required, they title it, and this is the fastest shrinking jobs. And these are basically things getting replaced by AI, okay? These are cashiers, secretaries, administrative assistants, office clerks, customer service representatives, executive secretaries and administrative assistants, miscellaneous assemblers and fabricators. That's been an issue for quite a while. Anyway, first line supervisors of retail sale workers. It would be really interesting to see kind of how that's being replaced, because I just think it'd be some novel application of AI, right? Bookkeeping and accounting. This was huge too in fast food clerks. The other thing as well, and maybe this is being included in office clerks, I'm not entirely sure, but I know people in the legal field are definitely getting hit pretty hard by this as well, and lawyers are very quickly adopting AI, essentially, to kind of analyze what they're looking at and make it a little bit more piecemeal for them so they can do a little bit better. And that's from Statista. I wasn't familiar with this company at all, and this is kind of going on a little bit of a tangent, but this is a super neat website, and it just visualizes a bunch of data. Champions of Europe, this is regarding football clubs, the Trump indictment, hidden carbon footprint of the fashion industry. I mean, just take it, I'll link this at the end of the show, but I was just going through it a little bit earlier today, and it's pretty cool to look at. And who knows, maybe we might find something you're interested in that you didn't know about prior. This is interesting on that note, and we can go into it. This is talking about DeSantis or Trump. So DeSantis, he basically created an AI-generated image of Trump hugging and kissing Anthony Fauci, okay? And this was supposed to be, obviously, some kind of dig at him, but it just goes to show we are now very quickly adopting things like AI into the political and social sphere, in order to influence people and get a kind of message across. Everyone's obviously, you know, not everyone, but a lot of people are against this. So, you know, these kind of lawsuits that will come out and these court cases, essentially, regarding the impact of AI. I mean, it was even a few weeks ago where someone had posted an AI-generated image of what they said was, I believe, the Pentagon or the White House, an explosion going off there. And if you looked close enough, the image was obviously AI-generated. That's only going to get better, obviously. It's going to be harder to distinguish between the two. But that knocked the market down pretty significantly for the time being, until it came out that it was fake. And what you look at is, it was also a major failure on the part of our media, essentially, right? We've now engaged, I think, probably over the past few decades. I mean, only 26, but I would assume it's even longer than that, of getting the news out as quickly as possible. You want to be first with it and you want to beat the competition of getting it out. But kind of, you know, you sit back and you think about that for a second and that obviously is going to result in the propagation of false news stories, essentially, right? And that's what we saw with that. And so I think as we move into this new, basically, world, we're going to sit here and kind of rethink and we might, essentially, be getting back qualities that were more, you know, harkening back to the 40s or 50s in media regarding security back into like the 70s and the 80s. It'll be interesting to see how technology and its advancements and the kind of pitfalls and dangers I go with that might have us revert back to older ways of behavior. So, yeah, I thought that was insane. And you know, I think one of the reasons probably that Trump was maybe so popular back then, I was a young guy in college and everyone was talking about him. He was the first president or, you know, the first candidate at least to really be online, right? And not saying a lot of young people voted for him, but everyone definitely spoke about him, right? And he was just, he had such a major online presence. He was using these kind of new avenues to communicate with people that other candidates were not using. And I think we're seeing a little bit of this with what DeSantis is doing and with these AI generated images. And really think about it too. Like it's cheaper to do that. Yeah. In the past, you'd have to make some smear meme or whatever and you pay a bunch of money for that. Super cheap doing it this way, right? It's a big equalizer in a lot of ways, folks. Stay tuned. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. 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Nvidia's artificial intelligence software can be manipulated into ignoring safety restraints and reveal private information. And that is any threat actor's, you know, what's a good word for it that I can use online. It's just a great day for them to see something like that. Nvidia has created a system called the Nemo framework, which allows developers to work with a range of large language models. And this is the underlying technology that powers generative AI products such as Chatbots, that's ChatGPT. After using the Nvidia system on their own data sets, it only took the researchers a few hours for robust intelligence analysts, excuse me, it took the analysts only a few hours to get language models to overcome the restrictions that were imposed on them, right? And this is like a, this is like a little fringe group of people who use things like ChatGPT or Google's Palm 2 that's integrated into BARD. They figure out ways that they can kind of, essentially, one of the ways that one of the guys calls it is hypnotizing the artificial intelligence. And essentially, it's the way that he does it is he repeats the same thing multiple times, right? To try to get it to get out of its, I'm an AI, I can't do that. I'm a language model, I can't do that. There are ways around this and this is kind of a new, I suppose in some ways people do it for thrills, but also it's very interesting, kind of stress testing these robots. And if we're going to go to a place where we're giving AI really sensitive data, we already do that with things like the cloud and regarding like AWS or Microsoft Azure, they start implementing AI to kind of manage that. You may be able to find like a back door in the AI. So this is important to understand early on, you know, is it destructive for NVIDIA? Like no, it's technology and people for some reason have a pretty high tolerance for the losing of like personal data. It just so happens that we're like that. The researchers found that they could jump safety controls in other ways, such as getting the model to digress in ways it was not supposed to. By replicating NVIDIA's own example of a narrow discussion about our jobs report, they could get the model into topics such as Hollywood movie stars health and the Franco-Prussian war, everyone's favorite topic for Fridays, despite guardrails designed to stop the AI moving beyond specific subjects. The ease with which the researchers defeated the safeguards highlights the challenges AI companies face in attempting to commercialize one of the most promising technologies to emerge from Silicon Valley in years. And this is really, you know, what we're at. Any technology is only going to be as good as the humans who create it. Obviously, we laud AI very heavily because it's like almost like a maybe like a platonic form of, you know, our memory or processing power or something. It's just so powerful. But in the same sense, like it is, it's not godlike. Yeah, like there are easy ways to kind of trick this. And I think we're going to see more and more of that. And I don't know what it's going to take for like a real discussion on that. And that's really the big discussion really, how to make it safe. So it's not releasing things like credit card information or personal data for companies. But but we'll see a tax like that in the future. No, no doubt. All right, let's see here. Yeah, interesting article as well, right? This is about France, but it has applications here in America. This was a general discussion going on about why prices are so high in general, right? This one article, this is from the Liberty Street economics and is how do firms adjust prices in a high inflation environment. And one of the big conversations that's been going on, obviously among economists is what drove this inflation. And a lot of people point to COVID rest, bottlenecks on supply chains, obviously important, and a big factor. But one of the things as well is some of the analysts were saying is that consumers are just able, at least for the time being, or have been in the short past, excuse me, able to pay more for goods. And this was being seen in the grocery sector as well, excuse me. So in France, what's happening is obviously prices were higher because the input was higher. But now input has gone down and they haven't lowered the prices of the food. And so France is now strong arming the companies into cutting the prices. So again, there's a lot of this, you have the issues of or the qualities of supply and demand, right? The demand in America, according to the prices, has just been high and they will pay higher price, right? But is that necessarily good? I mean, it does lower kind of the quality of life in some capacity, right? Because everything else floats up with the prices of goods like that. The companies which together make up 80% of what the French eat could face financial sanctions if they don't follow through. France's finance minister has previously threatened to claw back what he described, quote, is undue profits from food companies with special taxes if they do not pass on their own lower cost to the consumers. And that's what they're receiving from inputs. It'll be interesting to see if something like that happens as well. Of course, you did get a depression, I think, in egg prices. And I know less people were buying eggs, at least I could see in my daily life that that was occurring. But it wasn't a stark plunge in any capacity. The prices for eggs did go down, especially after the fear of like the avian flu went away. But it'll be interesting to see if high prices persist in America if we're still paying as much. And again, I'm going on a tangent here, but I was always wondering, especially, you know, in St. Pete, things are extraordinarily expensive, right? And I was trying to wrap my head around why that was even the case. And what I started kind of thinking back on is I had a roommate of mine, and he was an EMT. And he got a government contract. And this is during COVID to go to the border, right? And they would do COVID tests on migrants. And this guy was getting paid something like 38 bucks an hour to do so, where in St. Petersburg, he's probably being paid 15 bucks an hour for EMT. And I knew travel nurses and even nurses who were stationed here who just they got that, that, I guess, that danger pay, right? And I knew travel nurses who were making upwards of 80 bucks an hour for it. And so there was so much money going to the pockets of, you know, honestly, younger people as well. And at least in St. Pete, we have a bunch of because of historically, this is where elderly people moved. We had tons of hospitals. And I think that the people there just had more money, and they're willing to pay higher prices for these goods. And so really, my whole point of this is saying, it'll be interesting to see if the US price stickiness kind of goes down, or if we're going to have to do something like France is doing, and kind of forcing these prices a little bit lower. Pretty interesting, regardless. Let's see what I want to pull up for you guys. And so this is also just some other kind of international news, but interesting as well. I got skipped on First Republic Bank. It's embarrassing to say, but I think it's important to be open on it. I took a big risk on that. I mean, not a lot of money, but a big risk just investing in it. Obviously, that went away. But Turkey is getting the co-CEO to be in charge of their central bank, which is hilarious in the Lyra plunged pretty heavily. Not hilarious in the sense that I mean, she's obviously competent, right? But just what a crazy move to have happen folks. Stay tuned. We'll be right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com. TFNN, educating investors. 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Then hit Watch Tiger TV. Welcome back, folks. We're about to wrap up the show here. Like I always do, I like looking at some science papers. And this is for John Belay, in particular. I think you might find this interesting. This is a study done on mice. It's chronic social defeat. And what social defeat is, essentially here, I'll move it over here, is essentially just losing at goals in society, right? And this impairs goal-directed behavior. So a reinforcement of kind of when you fail at a goal, you're less likely to try to do it. And this just regulates the ventrometral, excuse me, hippocampal activity in male mice, okay? There are some studies now going on to see if this is the same effect in humans. We do know in the ventromedial hypothalamus, which is relatively close, and this is basically kind of what helps you regarding social situations, I would suppose. Long periods of isolation and social failure kind of increase something called attack of kines in the brain, right? And this makes the human male more aggressive, okay? And we're looking at some of the ills in society now, right? One in nine men are no longer in the workforce and more and more are dropping out as time goes on. And there are scientists studying to see if this kind of effect that they observed in male mice regarding social defeat is the same that happens in humans. And if this is why more and more men are just deciding essentially to kind of just give up. And this has a lot of implications for society as a whole. As more technology kind of comes and makes jobs obsolete, of course new jobs will come in, but there is the fear that everything is advancing so quickly that it won't be enough time to keep up, right? So maybe we as a society need to actually put forth an effort in order to prevent essentially social defeat in our population. But I thought this was super interesting that they observed it in mice and now they're going to go ahead and look at it in humans. Folks, thank you so much for joining me today. I might be back Monday. We'll see how that goes. Stay tuned. We've got the four o'clock news. Talk a little bit about Tesla and we'll just look at where the market closed. Folks, thank you so much.