 Our man, Teddy Kegstad, folks, we talk to Teddy every Wednesday at 40 past the hour, but you can find Teddy every day under the newsletter tab with the Tiger 4X report, folks. He puts out an outstanding weekly report every Monday with coverage of many different forex pairs, the crude market, the note and bond market. And when you sign up, folks, you gain instant access to an archive of a webinar Teddy just did, 60-minute webinar, forex strategies and fundamentals, what is behind the Tiger 4X report newsletter. You gain that instantly, you get 30 days, folks. If you don't like it, 30-day money-back guarantee, you got nothing to lose. And in this market, we got forex and bonds and yields and crude running just about everything and we got a big day with a Fed day. Teddy Kegstad, good morning. Good morning, Tommy. Yeah, we do as well. I think it's going to be kind of a sloppy, choppy trade until 1.15, especially once we get to about 11, 12 o'clock. And you're talking about your time central, Teddy. Is that right? That is correct. That is correct. Perfect. That's a good 12 o'clock action. So I guess on Fed day, why don't we start off with what you're looking for, maybe even today. Are you looking for anything? You're going to wait and see what's up for opinions on the Federal Reserve and what they're going to be talking about at 2.2.30. Well, I think three-quarter basis point hike, I think, is what's going to happen. I think that the news, since a week and a half ago, they've been saying the Fed's going to stop raising interest rates and blah, blah, blah, well, yeah, they're going to slow, and I think next year would be when that happens. But it's data dependent, and there is not a reason in sight for them to even think that inflation is going to be curbed. I mean, it's now you have power companies across the Northeast that are sending out warning letters to their customers saying, hey, expect power blackouts this winter and expect that you need to have backup generators and things like that. One of you had electric companies sending out letters like that to their customers. And if that's the case, and I think that we're going to see a big surge in heating oil and other raw commodities this winter, especially when it comes to energy, and how is that going to keep inflation down? That's going to just make inflation go higher. And I would watch the gold market, the gold market starting to look like it wants to break out to the upside. And if that happens, I think you're going to start to see some big swings in the dollar especially. I think you might have a big drop off in the dollar coming if that happens as well. You made a perfect segue because you were talking about crude prices. And I was thinking to myself, OK, if you're really looking for an acceleration on energy prices, because in theory, we should be being helped. And it's not just in theory, right? We have a strong dollar, so when it comes to buying worldwide commodities, you should be benefited if you're paying in dollars. So if you're going to see that rise, do we see? I mean, the dollar, it's been quite a run. I guess let's jump to the dollar. We're at 111.31 right now, the dollar index. So are you looking for potentially, as we roll over from some of these higher levels into the future for the dollar? What's your action on the dollar? Well, I still think that right now we're just in a little bit of a correction to the downside with the dollar. Yesterday, anyone who got the Tiger report from the week knows that we came just shy of our upside correction zone for his current rally. We had a buy signal last week in the dollar index. Going into this Fed meeting. And when we talked last Wednesday, I told you, this is kind of what I was looking for was for yields to pull back, the dollar to pull back into this meeting, which now it has done so. And the question is, what is the market perception going to be? I mean, all the media outlets are calling for rates to stop rising and even for maybe cuts to happen next year eventually. Well, that's not happening. That's just not happening whatsoever. I mean, that's the biggest joke in the world. Right now, we have a buy the rumor cell, the fact situation being pushed by all the media outlets. And the markets, they don't lie. And that's why I say you got to watch the gold market. So I think in the short run, you're going to see maybe a little bit of dollar problems, where you're going to see a little dollar weakness. Overall, the trend, I think, going into the next few months is going to still be very bullish to dollar. Next year is when the dollar is going to turn. As other economies globally start to crash, I mean, you have Germany and France this week now saying that they need to have talks with the United States about trade and differences and about how America's new inflation bill and how that's going to affect Europe and how it's hurting them. And I'll tell you what, it's a fact. I mean, they already did it to themselves as far as their energy issues. Now you couple it with America's. We backed off of China, but now we're doing to the EU what we did. Trump did the China. How is that going to work out well? So and even if the Fed's looking at these other central banks are starting to finally raise rates, well, that means that they have to continue to raise rates. Otherwise, the imbalance that they've created starts to shrink between the yield curve differentials, which is what they want in order to supposedly, in theory, curb inflation, which that's not how you do it anyhow. But that's their narrative. That's their game. And I think they're going to stick to it. I heard you wondering how is Paolo going to come out when it comes to speak today and also probably in the next week or two. Well, I agree. I think he's going to be like he was during the conferences. This guy's not messing around until he sees real data driven reasons to say that inflation is now being not just curb, but is pulling back. He's not going to change his stance. Why would he? That goes against his whole narrative. He's not going to flip and flop because the media is putting pressure on him, saying, oh, inflation is curbed. We're out of the woods and there's a light at the end of the tunnel. That's not their job. It's his job to make that decision. And right now, I think he's going to do that. So overall, long term, it's bullish to dollar going into next year, but get ready for some swings, especially if you see gold break out to the upside. It's very likely you could see a 10%, 15% correction in the end, which would not be a big deal at these levels. If we go from $150 back to $135 and then find a bottom and come back up again, that would be normal volatility. And that's what traders should expect to see. Because that would be a very normal functioning market if we do something like that. But anything can happen. We know that. But that's the situation that we're ripe for. I wouldn't be buying into what you're hearing on all the other outlets right now with saying that the Fed is going to back off. We all have a take. I like your take. I agree with a lot of the take, man. And we get to find out in the future as we go forward, folks. Whose take is correct. But that's in the way you said it. Because even if you get a little optimism, which maybe we get at this meeting, probably more so than we've had maybe recently in some of whether it's Jackson Hole or something like that, I don't think he's going to be that tough. But no matter what, and I agree, he's going to wait for the data. So it might be one of those scenarios that, again, he just kind of says, I'm going to wait for the data. And the market says, we love that because now we're not on a path, but guess what, man? We've got to wait for the data. And if it doesn't come, he's got to worry about his legacy to a certain degree, man. And at least he followed the data he can say in his own legacy and his own defense that he thought he was following the data and he was going to wait and make sure inflation was a huge problem because he didn't think it was. While the data became undeniable, he's got to wait for the data to be undeniable on the other side if that's kind of what got him in the mess in the first place. But boy, we get to find out at 2.30. So if you get that type of language and you get a lift in the equity markets, maybe that's a setup for a similar scenario where then we get those CPI prints and we say, hold on, man. If we're data dependent, we got ahead of ourselves going forward. Can you stay with that study? I bet you yields are going to be a lot higher in a week and a half, two weeks from now than they are right now. And when you look at the 30 or I know you look at many and it says across the board, in terms of the yield, long-term, short-term, short-term, effectively higher, what do you think? I think effectively right now, short-term and long-term, that the rate yields are going higher. We're going to see them trend higher into December's meeting. Absolutely. Perfect. Unless a chairman changes his tune and then I'm wrong. Teddy, we're going to know a lot more when we talk to you next week, man. I appreciate the time, as always. And we'll talk to you next Wednesday. Thanks, Tommy. Have a good one. Thanks, man.