 Welcome back folks. That was down 460 Nasdaq's up 165 S&P's are up 58. Let's go over to our mam It's the teddy cakes that as they do each and every Wednesday at 40 past the hour Don't forget folks. You can check out Teddy every trading day at 4x dash trading dash unlocked calm That's 4x dash trading dash unlocked calm and then you know, we were just talking about mortgages and you can see how these Companies work, you know the bottom line is that they had to hear us talking about mortgages Because as soon as we pulled up the teddy at 4x dash trading dash unlocked. Guess what rocket? They're spending money right now. They're calling me. They're doing everything. We were just going through mortgages teddy And we pulled up there. I says look at that man. I said, you know the rates are low enough They're calling me to refinance. They know the math we went through it We pull up 4x trading unlocked and boom, there you go. Boom. It makes sense. So we get action No doubt, right? We certainly do we certainly do, you know, it's kind of funny We had a lot of swing trading things and a lot of news over the past couple weeks that we've talked about and I think today's the First time we're not gonna be really talking about central banks or anything like that, which is kind of nice What's very interesting is I think that we're coming into a period where it's showing how the US dollar is a very reluctant bull Yeah, that it's there's nothing that we're doing The US that's really making the dollars strong. It's just that the whole world is doing everything to make themselves weaker against us It's like this morning right when we started the program that Euro took a dive man You know the dollar index had some volume yesterday So it's like, okay, someone was buying it, but that Euro just took a dive I was saying to Tommy. Yeah, is that gonna be is brexit on the you know? I mean what is that about? Do you know what I mean? This is Higher to the bullet, you know everything. Yeah Well the economic numbers have been pretty bad that have been coming out of Germany in France and stuff like that So they're playing with the with the definitely Economic fundamentals right now in the EU. Okay, and then exit. We know that obviously a hard Brexit is the best thing We can hope for if anything on October 31st and to be quite honest with you I don't think it's gonna happen and the and the trend and that's the one thing I think what's giving the dollar index is the biggest lift right now is that the pound and a lot of other currencies They actually are eroding against the dollar, but you look at the yen Tommy. I know you love the yen. Yes That that market right now. We know that the interest rate variable is is pretty much stable with that, you know So as far as that's concerned, that's the only currency I think it's gonna remain a bull against the dollar right now for quite some time I don't think it's gonna change either which is kind of ironic You know Yeah, yeah, it's you know trying to try to figure out the I mean the yen looks to me like it really is gonna try to go after 99, you know, it's that banging in you know that flash crash down there You know, it's like, okay, it was that 104 87 was hanging out there forever. Well, guess what we hit the 105 five So it's like, okay, that baby evidently is game once again I think any rally in the yen is one we have to sell right now Okay, you have to sell the rallies right now for sure So and I think it's gonna be the one that's gonna take the lead going into the rest of the year Because we already know that with the EU I mean look at how the euro has been trading for the past six months It can't even though it's looking a little bearish today It can't seem to catch a break or a rally no matter what, you know So the pounds the one that's in the free fall, that's not gonna end and I think actually we might see the pound continue The trade lower up a year from now. It could keep this trying going boy when you take a look You know, I get a long term well to 2016 with the euro up here man They've really lost some big value man. I mean, you know Look at that. I just I just put it back 10 years Right, you know, if you own in those currencies you go from 150 to 150 to 110. That's a big number man Yeah, and well, I know we don't trade the Argentina peso, but how about that yesterday? Oh my god That that's that's crazy, man Yeah, well, they have all kinds of other issues as it is, you know, right? So that's where and that's where like you look at the major currency crosses I trade all mostly predominantly only major currency crosses when you start to get into those exotics That's when you start to see some crazy things that happen when you have issues like what's going on right now Yeah, no, I don't know what someone in that country. What do you put your money into like not not that not the paper That's for sure. I mean not the paper over there. You know what's going on. They're going in the crypto currencies Yeah, Tom. We bring that that totally makes sense that you know, it's interesting about that That's the first time that even in my own head that it totally made sense that crypto currencies because it says hey The the probability seems much less that the crypto is going to lose value versus what those base You got better odds with like when you deal with them with their parents with their own pace Oh, that's amazing. That really is amazing. And so what's gonna be interesting guys? I think that people need to pay attention to Is that the the South Koreans with the Japanese right now? They're starting to stir there And I think that if this thing doesn't start to get kind of mediated within the next like couple weeks That's gonna become an issue going into the fourth quarter and that could start to cause a lot of shake-ups in Asia as well. No, tell me what you're talking about then and we talk about a currency war or Well, it's trade war and currency war against South Korea and Japan. So they're not necessarily friendly to begin with Okay, and it seems like I was actually just talking earlier this morning with somebody I'm like, I think we need to take all the world's leaders and send them all back to kindergarten for one year Yeah, nothing happens for one year because nothing happens anyhow right now And then see if they can come to the table next year, you know, great great idea, man It's it's seriously and that's what's going on with Japan and South Korea and now you also have the Chinese numbers that are weakening and blah blah blah While you have other markets that are thriving the last thing they need is an intro Intra zone trade zone tariff war going on, you know So that could really start to change and that'll affect ours our trade as well. Oh, yeah, yeah I mean, there's huge amounts of Factories in South Korea, I mean, it's sure before you're trying to come around South Korea was the number one You know, I mean members to be Japan and the South Korea and then of course China opened up and you know China took not all of it but the bulk of it, but yeah, there's no doubt there. That's pretty intense, man Yeah, it's a powder keg brewing. Yeah. Well, you know what and I've said this many times, you know like you start a fight and It seems that the longer the fight goes on you forget what the beginning of the fight's even about now There's lots of right. Yeah Exactly and it's like okay. Now. How do you get out of it? You know what I mean? It's like in and of course everyone like when you get and beaten up everyone wants to stop Oh, I hope someone breaks up this fight, man Yeah, yeah, but you know if you get to beat the two you get to beat it's like oh, please someone break this fight up man Do you know what I mean? Like who's gonna? I don't think anyone's gonna step in to mediate this fight. Yeah, that's exactly different Yeah So and you know this this s&p This thing is getting accelerated down man. We get 60 points right now on the way down All the markets down at least 2% and it is not even 11 a.m. Yeah, and you know Yeah, you know a unique spot Teddy because what I've seen in markets in general when markets really go south It's normally normally a currency move that really shocks markets So it's gonna be intriguing here like okay. What is hanging out here? Do you know what I mean? Is it what's gonna happen when the currencies actually start to spark a real move? Yeah, right? God listen folks every trading day you can check them out at Forex dash trading dash unlock commas Forex dash trading desk on lock.com Teddy have a great week a safe week, and of course we look forward to speaking next Wednesday. Thanks gentlemen. You guys have to look back Thank you to Teddy. Thanks, man. Stay right there Tommy and I come by back down for 90 Nasdaq's off 171 s&p's are down 61