 The following is a presentation of TFNN. Good morning, market's kickoff with your host, Tommy O'Brien. Good Thursday morning everybody, I'm Tommy O'Brien, coming to you live from TFNN. Just after 9 a.m. Eastern time, we got about 24 minutes to go until the start of trading. We got some economic numbers out this morning. We start things off slightly in the red for the S&Ps. You're negative by seven points. You see the action this morning though, down to the 830 numbers. We have retail sales out this morning. Market jumps almost 20 points on that number from where we were at 830, still negative by six points. NASDAQ 100, we're lower by 45 points. That's about one-third percent in the red. You were as low as 12,140, you jump up to 12,200. You see the action even since 6 a.m. this morning. Lower lows, lower highs, but we got two-way moves going on. The Dow in positive territory right now, the only index futures up less than one-tenth percent. Two points in the positive, 31,266 in the Russell, negative by half a percent this morning. Bitcoin, sitting at about 20,000, Ethereum, is reading this morning, Ethereum, that change over completely done now. It'll be interesting to see how Ethereum moves with that transformation taking place. Maybe we'll get into that a little bit later in the hour. Crude, we hit $90 yesterday, man. What time is that at? Just after noon Eastern time, you trade to about 88 as we end the day this morning. We're backing off yet again, 86,88, the price accrued. Gold contract, under $1,700, $1,695. We were just as low as $1,690, and you jump to notes and bonds. You are getting a little bit of a lift from where we were, but we just hit 114.12, and I think, not quite over there, 114.07, I was going to say, I think that might get us to a recent low. Not quite the case, but we're sitting at 3.42 percent right now. Quite a pullback in price, quite a rise in yields, whether you're looking at, now, what's interesting is, take a look at the 10-year, which is ZN on the Thinkorswim platform. We're trading to about 114.25. You take a look at the two-year, well below, where we were as in higher yield for the two-year right now. I think the two-year is pushing something like 3.8 percent. I'll pull it up later in the program. We jump over to the VIX this morning. VIX sitting at an elevated level of 26.26, but off of the highs of 28. As we started the week, not started the week, but as we came back for the acceleration on Tuesday for that CPI data. All right, let's jump around to the news. We'll kick things off with retail sales unexpectedly rise after a drop in the prior month. Value of overall purchases rose 0.3 percent in August. Above the estimates, July retail sales revised lower to a 0.4 percent decline. Okay? Now, overall retail sales increased 0.3 percent after a downwardly revised 0.4 percent drop in July. Excluding gas, retail sales were up 0.8 percent, not bad, right? Median estimate called for a 0.1 percent drop in retail sales. So you get a surprise to the upside, you have 8 of 13 retail categories growing, including a surge in sales at auto dealers, purchases at furniture stores, health and personal care stores, and non-store retailers declined. Okay? Interesting. A surge in sales at auto dealers. Did you see that one coming? The value of sales at gas stations slumped again, not surprising considering the price of gas and what it's done over the last month or two. While households are breathing a sigh of relief, widespread inflation limiting to spend on other things, whether that be necessities like food or more discretionary purchases like back-to-school items, but consumer spending, as they say, far from collapsing. Grocery store sales grew 0.2 percent last month amid rising food prices. The cost of food at home has surged 13.5 percent in the last year, the most since 1979. Pretty staggering numbers, man, food up almost 14 percent across the board. I wonder how that number even shakes out in terms of, I mean, grain prices have been through the roof, right? With what's going on with Ukraine. But it feels like the healthy items and the items in refrigerators are going up at a faster rate, but that just might be my perception of things, very possible. As at restaurants and bars, the only services component in the report up 1.1 percent, so restaurant bars rising strongest since April after dropping the prior month. So this number is not adjusted for inflation, okay? Retail sales report primarily focuses on goods, not services, because it's a very positive number, but you have to understand what's actually in it. Consumers have probably been shifting toward pre-pandemic spending patterns, okay, which means allocating more towards services like entertainment and travel and away from the merchandise heavy till to the past two years. So that number is out. We also get unemployment claims, excuse me, 213,000, quite a number, decreasing by 5,000. Median estimate was for 227. Healthy economy, man. If you're just looking at the jobs numbers, you're looking at the retail sales numbers. Four-week move in average, very healthy, 224,000. Continuing claims rising slightly to 1.4 million. Continuing claims, one-week delayed versus the initial unemployment claims. And there is your look in terms of those numbers. You were rising, right, from March through July. But on a weekly basis, we're actually seeing initial claims dropping. Not sure how that plays out to every other dynamic going on with the Fed trying to cool the economy just a bit to tame rising prices. And meanwhile, we have less and less people filing an initial unemployment claim and 213,000 is probably even below a number of a normal healthy economy. We're not dealing with some of the influences probably still coming out of the pandemic over the last couple of years. So we get both of those numbers this morning and we also get import prices. I mean, numbers all over the place, import prices fell for a second straight month offering one source of relief from inflation. I think you're getting a quick link, so why it's so difficult sometimes to forecast what's going on just this morning, again, the last hour, right? Not only did we get CPI 48 hours ago, which is maybe second to the jobs number. The number one report that you got to watch right now because it's determining what the Fed is doing and how the market is going. But we just got retail sales, unemployment claims, and you're getting import prices on top in light of inflation being such an important factor right now. Import prices much more important than normally over the last decades when inflation was not a problem. Import prices, yes, something that the market watched, but not like all type of price readings are getting watched right now. Prices of imported goods dropped 1% in August from July, the first consecutive monthly retreat since the pandemic began. Excluding petroleum, prices dipped 0.2% from July. That was the number this morning. August saw the fourth straight monthly drop in core import prices because gasoline was just crushing this thing, petroleum, as they put it. August saw the fourth straight monthly drop in core, a turnabout that in part reflects US currency appreciation. So that's a part of things going on as well. Inflation, the dollar, I mean, we'll jump over to the dollar. We haven't jumped to the currencies yet, right? I didn't used to do the currency roundup. You're looking at it, but I wasn't watching it as closely, but right now it's what's going on, man. A little bit of a drop right now, but boy, sitting pretty healthy at pretty much the close of action that we had on Friday, pushing 110 in the dollar index. We're back technically 11 pennies so far today as the market slide a bit. The Dow just gave up its positive gain since I've been talking, and the S&Ps are now negative by about 10 points right now. We jumped to the Euro-US dollar right at parity, sitting at 100. That's a 15-minute chart. You were as low as about 99.6 Euro-US dollar, man. Watch out. You're in trouble. Pound-US dollar. Yeah, small bounce. Now, I've been talking about these, man. If you're trading the pound-US dollar or the Euro-US dollar pound, you're in some rough shape, man, where you are, but maybe closer to the lower boundary, Euro, a little closer to the upper boundary. When we come back, folks, we'll be talking to our man, Kevin Hinks, from Fast Market on the TD Ameritrade Network. Stay with us. We're back. 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Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN, educating investors. TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We've got markets sliding a bit. S&Ps now off about 13 points. NASDAQ 100, you're off about 70 yet, just more than half a percent. The die was positive when I kicked things off. You're negative by 31 points right now. As I was finishing that thought up, Euro-US dollar, putting it on a daily basis, you can see we're sitting at parity, but the Euro-US dollar, in terms of this channel that it's within, much closer to the upper boundary line than when you take a look at the pound-US dollar, maybe so you compare the two of them, the pound potentially catching a little bit of a bid versus the euro pulling back, pound potentially maybe a little bit stronger going forward than the euro, both of them in trouble versus the dollar, though, folks, downtrend channels across the board. It's a pretty steep channel, to say the least. The biggest news of the day, which I didn't even get into in the first segment, how about the railroads and the unions reaching a tentative deal on the eve of the deadline? I was listening to some great Bloomberg commentary about this last night. To put it lightly, obviously the railroad's very important to what goes on right now. You've got to stop like that. You've got to stop of goods at a time of high inflation, not really a factor that you'd want helping you out. 20 straight hours in the latest rounds of talks and they come out of deal and it's not always the pay that people are negotiating because sometimes it's the rights of the workers and management issues at stake and those can be a lot more difficult than just a stroke of the pen for some cash for a company that is making money, relinquishing the rights of the workers or just say in management, whatever it is, corporate culture. One of the things they were able to obtain was contract language exempting time off for some medical events. That was a core issue for the organized labor, $37,000 workers, 37,000 people and that was one of the two unions that had not accepted an earlier tentative agreement. So they had 10 out of the 12, I think it was as of yesterday, had accepted the earlier agreement but the two unions that were left were by far the largest. They're talking about three of them right in the air have all agreed and they represent about 60,000 workers. The union workers still need to ratify that but you get a 24% wage increase over five years including 14.1% effective immediately as well as five annual $1,000 payments. So they got some decent raises man. Both prices going through the roof, workers having a little bit more leverage right now and maybe it's just because they need it. You got to fight for some of that pay folks especially if you have the power of the union behind you because we just saw foods going up what did I just say 12.9% 13.9% on the air. All they're doing is raising their price with what food has gone up to put things in context as another way of spinning that type of a raise and 24% over five years while they're getting 14% initially. So then they're only getting 10% over the next four years which is 2.5% a year and what do you think inflation is going to be running one year from now four years forward right in the final second third fourth and fifth year of that agreement do you think it's going to average out at 2.5% probably not so that was probably part of the thinking there in terms of the business or the railroads whatever but nonetheless that could have been the biggest story of the day folks because while we know every other economic numbers coming not really sure of the implications that could have I mean I was listening to one analyst last night talk about you know if you're I think it was wheat they were talking about the harvest is just about to come about some of the grains if you are in the producer business and you're gonna harvest that right there's only one way to get it around folks and that is by rail and so if that doesn't happen you're talking about food prices you're talking about everything could have been at stake so I think that's a good thing overall that that gets done in a big way and we'll see they still got a vote on it but it seems like a pretty good deal for the workers on the forefront in terms of they got some of the things they were asking for a time off time off for certain medical events and then you got wage increases as well as payments on top of it all right what do we got up here as well adobe that's a big one they're buying figma for 20 billion dollars we check out adobe this morning this market a little dicey right now folks adobe's gonna open down 50 dollars 50 40 43 dollars 44 dollars we'll get it exact adobe yeah they're spending 20 billion dollars you jump over to the analyze tab you pull up the fundamentals tab underneath that adobe 153 billion dollar company so decent chunk of change for 153 billion dollar company but they are target a more consumer-friendly creative offering is how they put it to help expand tools for creative professionals adobe so we'll see how they open on the open let's jump around to some of the fang stocks we got Amazon shares down about a dollar right now to 120 702 we jump over to Apple shares down a dollar as well tech stocks little rolling over man you know on Tuesday when we got those that CPI number folks okay and you drop down a hundred points and you settle the date about 4,000 for a bit from about 10 o'clock 1045 in the morning up right until about 1230 you were still sitting at about 2,000 you actually 4,000 excuse me you got a bit higher by 16 points and then you really sold off to this area that we've been bouncing around at which is about 3950 if you look at the S&Ps for instance okay because we had a trade in my newsletter rocket equities and options folks if you want to try it out you can find it on the newsletter tab on the front page tfn and everything we do you can try out free for 30 days excuse me you pay for it but you have a money back guarantee so it's risk-free for 30 days and we had a put in the SPY and we were in it unfortunately as part of it ran up but on the drop on Tuesday we were able to get out with a decent profit and I got out of that trade when the S&P was chopped SPY was shopping around at about 400 or so okay now you could say that there was money left on the table because it's in a 392 all right but I want to go over it real quick because there's zero regret at all now number one you had an index okay because if you asked me when I was getting out of that trade if it was going to go lower or higher I would have said lower by a dramatic fashion so you could have made the argument to keep the trade on but at some point folks you have to realize now it was a put okay and it was had gone far out of the market at one point and then it came deep into the market on this move now just by the number that it was at that morning okay from 415 to 400 I ran the numbers and you're talking about okay a 15 point drop in a $415 index which is a 3.61% drop okay the S&P folks drop 3.61% and what you had happen when you're trading options okay is that you had volatility increasing so there was an increase in the intrinsic value of the put okay because it had dropped dramatically so the price drop I had gained intrinsic value because I had a right to sell it at a strike price that had gone through and now had tremendous intrinsic value but you also had premium for extrinsic value in terms of volatility that had increased in that product as well okay and they were for expiration this Friday and we just gotten into it a few days before it was a trade looking for action through this week's economic numbers through CPI in particular okay because that was so important for the decision coming up was the trade that was made and just looking at the daily basis okay all it had done is given up the last three or four days that the market had run up we got into that trade a little too early was the only thing that prevented it from being a much bigger win okay but you have to consider those things folks and I bring it up because if you start regretting getting out of a trade that you're in when an index drops 3.6% in your direction you're going to struggle man so think about that type of stuff when you're making those trades don't regret taking wins folks we'll be right back for the open in a time of booming inflation we are purchasing powers eroded there's no better place to protect your harder and money than any gold this the gold flagship asset is the monk cod gold project in the northern territory of Australia this is Australia's largest unveloped gold project we are talking a world-class gold project in the tail one mining district this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the gold just completed the mount Todd feasibility study which resulted in a seven million ounce gold reserve in a 16-year mine life all of this combined with 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different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com welcome back folks we got markets open you're looking at an s and p dropping a bit from where we were you're coming right into where we were near the close right now 39 46 to see where we were yesterday that's bumping up basically against lows outside of that 39 29 low before the market just kind of saved itself in the final half hour trading nasdaq 100 you're off 103 points right now that's more than eight tenths percent of the red and you're about 40 to 45 points off of its lows but you take a look man basically bumping around at the lows of just yesterday dicey area from the market's dow off 70 points as well jump over the vix volatility index 26 25 right now all right let's jump to crypto so we have bitcoin under 20 000 yet again ethereum basically flat now maybe this spike i think might have been the action when the to put on put it software upgrade went live so ethereum last night trades from 1560 down to six excuse me up to 1650 you're back to 1576 so the biggest ever upgrade just took effect in what industry experts are calling a game changer for the entire crypto sector so they cut their electricity use something like yeah 99 is what they're going to cut it by that's usually one of the biggest problems for some of these crypto currencies the very first proof of stake block of transactions has finalized and i want to see if they talk about what changes yeah so it slashes energy consumption by roughly 99.95 percent okay so you got greater sustainability i was reading one article that talked about they had a team of developers i think this might have been the article they had a team of a hundred developers working on this yeah it was a different article for months or years or something like that um so it'll be interesting to see how this goes forward but you could see you know i'm going to find the other article because there were some cool things in terms of talking about what ethereum actually will become in the earning potential for it because this changes who actually confirms each transaction i believe on the ethereum network allowing token holders ethereum holders to confirm those transactions as validate those transactions i think is the better terminology as opposed to the miners who are validating everything in the prior setup all right what else we got here by now pay later cfpc cfpb they're going to regulate thing like credit cards and that is a good thing for all of us folks because unfortunately the poorest of americans are the ones to get preyed upon by some pretty accelerated ways of stealing their wealth and when you talk about by now pay later being more more more more widespread i mean you're only getting people deeper in debt to that degree so you know for all of us that is not a good thing those payday lenders those arguments immediately made on both sides people need short term loans to make it through okay you can't cut off people from having the ability to do that but you could simply regulate some of the percentages to make sure people are not being crucified by those companies and if they can't exist on those types of structures and you can't you know basically lock people into 100 200 300 percent type fees on the money that they're accessing then maybe they shouldn't be in business to that degree we jump to inflation so yesterday you have kathy wood contrarian deflation call and uh who joins the fun elon musk afford of course not sure that's the case folks you could say that there's a delay in my opinion in terms of what's going to happen in this economy you could make the case i think very reasonably that the hikes that the fed has had they've given it no time to have an impact i'm not making that case okay but i would listen to people making that case because i think you could make that case reasonably i don't think i'd agree with it right now with the data that we're seeing i think it would be a leap to make that case i think it's very difficult to make the case uh that they are making out here uh most vocal proponent deflation getting a few high profile supporters and you know elon musk folks be very skeptical following anything he's saying you can be a brilliant man that can change the world doesn't mean that you want to follow what he's saying especially on social media considering what he's done previously uh and we'll see where we're where it plays out folks over time all right let's take a look at crude 86 74 you take a look at crude now this chart i have up here 85 50 the blue line you put this thing back and you're talking about this a weekly we're just chopping right and around this area right seems like that's a pretty good area folks that crude may be able to find a bid you know yeah you can shop around maybe you get some lows around 80 bucks but hard press to see crude trading below the 85 41 level one of the main factors that's driving that market is potentially the slowdowns in china okay without those slowdowns going on i don't know where crude would be now the interesting dynamic going on here is that those slowdowns are going to exist for i don't know how long how do they get out of that how do you get out of zero covid in china right but we have bigger issues on the crude market no matter what is happening with china in my opinion and at some point uh they will figure out how to live without shutting down their nation over and over and over and over i don't know when that happens or how it happens but it's important to see where we are on that chart because i think that's a critical area and it would be very difficult to see crude going back to where we started that run in november with in light of what's going on and the potential volatility in europe as we come into the winter and energy prices you jump to natural gas right sitting right near the highs man natural gas ten dollars and 28 cents we chopped to eight we're back to 844 pretty relatively high considering the lows we've had in that market for natural gas as well jumping back to some of the currencies dollar index continue to climb we pull up the 15 minute we backed off we're right back to basically where we open the market at 830 technically on the dollar index you jump over to the us dollar yen we have gold under 1700 okay and meanwhile that's not really the yen or the dollar doing that gold continuing to struggle you've done 17 dollars right now at 1691 and gold right near the lower boundary or where this thing is held i mean you're coming into you know the chop around around covid with 1704 you start getting deep into that volatility you can probably trade to 1500 now i will say that we're not even at the lows of where we were the week of july 18th so you're talking about a low there of 1678 telling about 1213 bucks you're backing up to august 9th 1677 now this is going back a year right okay so august 9th of 2021 you're talking about 1677 march of 2021 1677 and then march of 2021 1673 so all of these lows march 8th march 29th the weeks of august 9th and then just recently july 18th all of those lows are all within about five dollars of each other from 1673 to 1678 so if you're looking to go long gold uh maybe that's a decent area you set your stop somewhere under those price levels it trades below that you're out and uh you get a bounce we'll see where we go but these markets are not bouncing man look at this s and p's off 23 points right now you put it on the 15 minute 39 41 closing yesterday 39 29 but boy we just gave up 25 points from where we were at 845 this morning in the nasdaq 100 you're coming into the lows as well we just gave back that entire run the markets had folks in the final half hour trading yesterday stay tuned we'll get the s and p's down 23 we'll be right back in three minutes folks 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 for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman in your inbox every day 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 tfnn.com educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information data whites investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for valued tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only 37 in 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30 day money back guarantee tfnn educating investors will the smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs directions daily smp 500 bull and bear leveraged etfs direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services llc this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz welcome back folks we're getting markets catching a little bit of a bit off the lows of the session we're now just negative by about 12 points in the smp 39 53 we're up by about 10 points from where you hit a low there and nasdaq 100 negative by 53 jumping over to ethereum real quickly again i was reading a bloomberg article because i was reading a few this morning and unfortunately i can't find the article that talked about there was a team of like 100 developers working for years or something like that but bloomberg had some of it now when they were doing this okay they had 41,000 people streaming this thing live on a viewing party featured content ranging from dry technical explanations and it's technically called a merge okay i'm getting a lesson myself believe me long-awaited energy saving merge upgrade now what they talk about in here which i just wanted to bring up is that the change okay replaced power hungry computers that were used to order transactions on the network with a more energy efficient setup using piles of the network's native token ether placed in so-called staking wallets i don't understand the exact fundamentals of it but they are basically using the token on the network to validate the transactions now there's 3500 active decentralized apps billions of crypto on there and yeah it's been in the work for years they said to get that done never been done on such a large network and it seems to have worked pretty well and they might find some bugs and have to put that into the system so they're watching it closely but ethereum flat right now 1578 you look at the drop-off on tuesday from 1750 this thing's just been chopping around as well no real acceleration on that news it's been known for years okay so don't get caught up in that one ethereum here you know tough tough deal just like bitcoin not sure they're able to catch a market with so much volatility to the downside in the general markets right now going on we talk a lot about real estate let's jump to a little real estate in canada as they continue to pull back benchmark prices dropped 1.6 percent in a month 7.4 percent below the peak make of canada is doing that on purpose they're dealing with their own rows in canada just like we are uh 589 800 right decent action in terms of canada the home prices benchmark falling 1.6 though in august 7.4 percent from the number that it hit in february and there's your number right there now this is canadian dollars which is for the difference i mean pretty remarkable what's happened in the last couple years man from 551 you're still sitting at 777 so what's that 220 it's almost a 50 gain man when you were sitting what do we come in yeah 550 in the beginning of 2020 and less than three years later we're still sitting what did i just say at 777 that's 227 thousand which is more than 50 percent because two no 227 it'd be 250 i need 275 to get to 550 yeah so just shy of 50 percent uh huge moves so we'll see what happens in that central bank in canada 0.2 percent to 0.3 to 3.2 5 5 percent yeah and that has lifted the interest rate on variable rate mortgages to more than 5 percent so same thing going on in canada man you got to pull back uh the rent dynamic a lot more interesting in terms of what's going on now i was reading some takes in terms of the rent that yeah it's going to be in the core but it's not as bad as i've been talking about in particular it's going to be so persistent i don't know folks i mean rent uh there's a lot of leases that got to get reset i imagine over the next year or two and no matter what happens with the housing prices because i don't i don't see them pulling back an insane level they can pull back 10 or 20 percent and rents don't have to take a huge hit because they have to catch up and there's going to be enough demand and that's going to be in the core cpi number uh out there for a while shelter makes up 40 percent of core cpi it makes up almost one-third of headline cpi remember that as these numbers go on man because they are going to be ever-present now the fed if that's the only thing that's persistent okay that's going to give the fed plenty of room to slow down so don't think that's going to have to push them if that's the only thing that's persistent but it's still going to be in the numbers for a long time and it's going to be pretty hot for the next 12 months at least even some analysts talking about this is the number that kind of got in my head that i keep talking about uh 4.5 percent rent inflation in the end of the year 2024 4.5 percent that's just a number folks that's a number that x-person individual is talking about okay analysts don't even remember their name that's a number that's more than two years out from now everybody's been wrong they can't even go six to 12 months out okay but who's to say it's even that low doesn't mean you have to be wrong to the upside when people are looking for four to five percent rent inflation more than two years from now doesn't even mean it has to be that low technically so you want to consider those types of probabilities as you go out all right what else do we have pulled up here this one's just an interesting one in terms of humanity so patagonia the founders and his children they're donating it all to fight climate change three billion dollars uh his spouse the founder the spouse and his two adult children giving away their ownership he started some 50 years ago uh non-voting stock worth close to three billion will be owned by a collective that will use the profits that aren't reinvested into the business to fight climate change they expect to contribute about a hundred million dollars a year so congrats to that guy man uh live quite the life i'm sure they're going to have some money for themselves and they'll be okay but three billion dollars uh worked out for that money and he's going to put it to use a pretty cool story nonetheless not easy to do man when you talk about that type of wealth you have kids that are still um probably of decent age and uh that money now going to get used to fight climate change another interesting article up here from amazon now take this one for what it's worth folks i'm not even sure what it means i tell you i don't know if amazon pays cmbc or they just get the click bait because there's like one to two articles a day at least it feels like uh about amazon on cmbc but they are shutting some of their warehouse footprint and this has the kind of an interesting chart in terms of where they're closing them they have closed or canceled 44 facilities and delayed the opening of 25 sites as of this week uh that's according to a supply chain and logistics consulting firm that tracks amazon's distribution networks mwpvl international and you have the map here okay so you have the blue light blue i mean come on couldn't they use a different color than like whatever you want to call that color blue is that a violet maybe closed excuse me we'll go aqua for canceling and yellow delaying uh look at boston what's going on man they're they're stopping everything that's kind of why this got my eye in particular but zooming in on boston okay every closed in the second third quarter this year deadam good old deadam went to high school in deadam massachusetts noble and greeno amazing high school randolph good old randolph rink played plenty of hockey up there lived right by randolph mansfield and milford and then what do you have hudson new hampshire canceled due to public protests up there uh they don't want amazon but i was you know five five different up there in terms of new england alone you go down to tampa uh excuse me fort meyers was canceled no reasons given we got a lot going on uh in the middle of florida folks i'm out near lakeland and boy we have a lot going on they're always had a just huge amazon airline uh planes excuse me flying above they have some warehouses going on it probably makes sense right central florida they can reach a lot of people from this location uh but i guess the northeast probably cutting back and not quite the deal interesting on such a population density to have all of those getting closed for delivery stations kind of all at once in a year or two but amazon pairing things back just a bit all right just like that the markets catch a little bit of a lift so much for negative prices you got the s and p is charging higher we just popped 25 points from where we were on the open you're just negative by one now at 39 63 uh you're just back to where you were at about 7 30 this morning stay tuned folks one more segment we'll be coming back talk a little bit about our man's larry pesavento he's got a live trading webinar coming up stay tuned tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger stand available to all 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front page folks our man larry pezzavento a five-hour live trading webinar trade what you see this coming tuesday five days from right now september 20th it's going to be from 9 a.m. till 2 p.m. eastern time larry does not really trade the final two hours of the trading day folks that's why he sets it up like this join him at 9 a.m. on tuesday for a five-hour live event where you'll see the tools you can use to help build yourself an edge using many different trading philosophies that larry uses he goes over them on the front page of tfnn you're talking about fibonaches of course folks you're talking about a to bs cdds this will be archived it's 295 dollars you gain access to his newsletter fibonacci 24 7 you get that for a month for free that's a $97 value right away it's not like that gets renewed or anything like that you pay 295 you receive a month of his newsletter for free if you do nothing it will just end after that if you'd like to continue you can do that as well okay but that's coming up on tuesday and if you sign up for this folks you gain instant access to the newsletter ahead of time okay and larry puts out a bunch of great reports over the weekend especially he's putting things out 24 7 throughout the week whether it's during the trading day at night sometimes over the weekends saturdays sundays whenever warranted but he does have his sunday reports so if you're going to sign out check it out right now you get access over the weekend to the newsletter and if you're a current subscriber automatic savings for your next payment for fibonacci 24 7 i'm going to try and be in there as often as i can that day tuesday september 20th uh five hour event with our man larry pezzavento and boy we got a market right now folks okay and tuesday kicks off uh the fed meeting september 20th and 21st uh we're now through a lot of the economic numbers that we got this morning you're basically right where you were before those numbers started to come in right this is where we were chopping around 3970 3965 for most of the overnight session you do tip lower on the open you get it all back s and p futures positive by one the day is young next week we got the fed their hike in 75 maybe even a full point it's an interesting time to be in the market folks check out larry's webinar and we got a treat jacob is filling in send our man basil Chapman a little white light as he's feeling a little under the weather this morning jacob's up next folks have a great thursday