 is a presentation of TFNN. 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. Let's go to Mike in Southern California. Hey, Mike, what's going on? Hey, Tom, nice to talk to you again. And I have to start out and first tell you, I love this trading room. This thing is great. This app, it works great. And getting all the information, you're instantly there. No delay, nothing. I know. Listen, I appreciate your growl and prowl with us. Your channel is in my pocket all day long. It's wonderful. Thank you, man. Thank you. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We're here five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows. Hope everyone's having a great day, safe day. Let's make it a great night, folks. Serve the one you love. Once you decide to be a couple, you're there to serve the one you love, to serve your love to your lover. And every kiss and every touch, you feel you're there to please the one you love without expecting anything back. Mike and Wise, let's take a look at it out here. We have the Dow Industries down 263. Nasdaq's off 30, S&P's off 31. Gold contract down $25, treated 18.06 an ounce. You get silver down 35 cents, $20.90 an ounce, light sweet crude, off two bucks, 262 right now. Buck 18, 32, a barrel, notes and bonds. They continue to plow higher. You get the 10-year note, right now trading down 29 ticks at 114.11, the 30 off a full point, plus 10 ticks at 131.07, a king dollar. King dollar's up 494 ticks, trading out at 105.573. The Euro out here is at 104. The Yen is at 135 and the British pound is at 119 to one US dollar. Our phone number is 877-927-6648. Give us a call, folks. Want to know what's going on in your world and the world of the S&Ps? Let's take a look at them. What do you have? Well, bottom line, folks. First off, even after the lows yesterday, you had the volume behind the move. You blew the B point away. The B point on the S&Pi is 131 million. Price projection, the price of the B point was 380. We did 170 million. Bottom line, that gives you a price projection of 335. And if you take a look at this, this is crucial to really understand how this is set up. Why? Because I've been talking about JP Morgan. JP Morgan's already there. You take a look at this and we take a look at the aspect of 335, what you're going to see here is that you're at the February pre-COVID level. That's 339. So I suspect what we're going to see here is that the market is going to dig into the highs of the lows of much, of much COVID. So long way down. That's really not that far down. Actually, it's only 50 points down and we've already down 100. But boy, that's next 50 going to be painful. And the X100, three cues. What do we have with the three cues? Bottom line with the three cues out here. Same setup. Three cues. You had the B point that was set up out here at $280. $180, you had 91 million shares traded. You did 94.4 million shares traded. You're at 276, 274 right now. You're A to B equals C to D, gets you down to 222 and 222 is going to get you, this gets really interesting with this one. Yeah, it gets you right down to February 20th of 2020. And we look at that. So you got, what, that's 50 points. Yeah, look at this. And we're already 125. The thing that's crazy, that I mean, perception is always everything, right? The thing is that I'm looking at myself, hold it. That's not that much further down, but yet that's because we're already going so far down. We're already down off $408, you know? And bottom line, you get the gist of it. The bottom line is, and I hope you understand what ABC structures do folks, because A to B equals C to D. The A to B move is a straight line move. The C to D can be all over the place. And actually, let me bring this back so you can see how this works, because this, the C to D move is also a straight line move. Then if I put Fibonacci with this, you're going to see the type of bounce that we actually got. It was just over 0.3 A2. That's a dead cat bounce, man. That's the bottom. It's trouble. We take a look at the gold contract. What do you have with the gold? Gold contract went down hard yesterday, the bottom line. Right now, we're trading down, we got 150,000 contracts. Now that's lightening up, thank God, because I suspect what's going to happen here. We get the Fed tomorrow. Bottom line, meeting. There we go. We get the Fed and they'll be coming out at two o'clock tomorrow. Bottom line, giving us the rate increase. And I suspect this gold's going to go after this 1792. That's the way it's set up right now. And good old King Dollar. So King Dollar is the number here that could get pretty intense, man. If King Dollar, let me tell you something. If you want to go to Europe, right? If King Dollar actually does get up to this 121, you got to load up on Euros, man. I mean, because what we're going to have here here, let's bring this back. I got to bring this back, actually. I'm going to have to bring this back almost. Well, let's see, I've had, yeah, so there it is here. So watch this. So your next stop, you get a swing high at 121. And that's where I'm figuring you're going. I mean, look at this one up here, 151. That was 1987, 1984. Okay, so hold it. Let me bring this back to there because we got to take one step at a time. That's 2000. Oh, I see. Okay, one second. That's okay. So here we go. Okay, so you can see how this is laying out. You've had this consolidation. The consolidation that the dollar was in, this is a long consolidation. I mean, so it's built up power, man. And this is telling me that this is actually going to go, which is going to be a mindblower. So the top of the consolidation was 103. The bottom of the consolidation is 88. When you basically add that up, you got 15 points. You had 15 on top of 103. You got 118. And look at those highs up there, they're laying out there, laying out there at 121.67. So bottom line is that it looks to me like this is where we're going. And if that's where we go, and let me tell you something, man, we'll go to the Euro, the other side of it. So we can go to Europe, go to Italy, go to the Amalfi Coast, have a good time. Bottom line, if we go there, watch this, I think we'll go to 87 on the Euro. That 87? Yeah, it is, because I remember that. I remember when we were doing that the last time I was yapping the same deal. It's 87, man. So, and you can see what's happening with the Euro, it's just ready to break, man. Anything under 105.21, which you're under right now. Next stop, man, bottom line, we'll see how long it takes. Currencies normally take a little bit longer, but currencies trend in an incredible way versus equities of futures. And right now, man, the trend in the Euro is down, the trend in the dollar is up, the Fed's gonna come in tomorrow, and bottom line, go up on rates again, and that's what you're seeing here. That's why you're seeing that 10 and the 30 move so quick. Stay right here, folks. Come right back. Plumbing inflation, we are purchasing powers eroded, there's no better place to protect your harder and money-thinning gold. This is the gold's flagship asset, is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest, undeveloped gold project. We are talking a world-class gold project in a 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 Monk Todd Feasibility Study, which resulted in a seven million-ounce gold reserve in a 16-year mine life. 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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. Call now, toll-free at 1-877-927-6648, internationally at 727-873-7618. Come back, folks, down. Down industrial is right now, down 360-70, because I now has it got 72, SAPs are off 44. You get some selling here, continued selling. Let's go take a look at a guy, we get a couple of good questions here. The first one, let's go to first majestic. What the question is, is that when you have volume coming out of an equity, okay, this is a great question too, by the way, and I love this always in the gold market, because this is what it likes to do a lot. So first majestic, okay, folks, is a silver company. The low $7 in the 23 cents for the past 12 months, the high is 1851. The next time they come out with numbers is on August 16th. And what the question is, is that when you get volume coming out of an equity before the swing point, yeah, that's exactly what you want to see. There's no doubt, man. So look at this, man, okay? So picture, last Thursday you tried to go higher, but then it ended up, well, it ended up higher, okay? But let's, we got eight million shares there. Yesterday you come down with 8.5 million. Well, looking today at 3.8, and you're going into 14 million. That's, I correlate that to whether you're running or swimming, and you're going 500 meters of your swimming, you're going, I don't know, 10 miles if you're running or whatever. Bottom line is that this is when the push, the energy comes out before the end of the line. So by the end of the line comes, man, you're tired. That's first majestic. If we go take a look at Alamos, it's gonna, I suspect we can go through a bunch of them. I suspect a lot of them are gonna be the same way. Same deal. So with Alamos here, you come down yesterday with 5.6 million, you get 2.2. The swing point here has 5.8, you know, let's see. So 7.12, okay, so yeah, this looks like it's gonna test these lower swings, man. That's how this is shaken out, man. You talk about, you get some volatility here. There's no doubt about it. Let's go take a look at P and American Silver, P-A-A-S. Okay, so P-A-A-S took it out. Now this is gonna get interesting. So 2059, okay, let's see what happens here because so what you have is this. Yesterday, P-A-A-S came down with volume. You have a big contraction of volume, but what's going on there is that you're right at the low and the bottom line is that you have lighter volume but it's gonna have a high time holding price. Now, that's gonna be pretty intense because of the fact that you get the Fed tomorrow. And the Fed's going up on rates, man. I mean, just depends on how much they're going up on rates. We, there was another question that if the dollar is higher, would that basically be indicative of a disinflationary area, period? Well, what happens is this. So as the dollar gets higher, the goods from around the world for us get a lot lower but we're still paying in US dollars. So it's not deflation. I don't think that we're gonna really be seeing deflation, okay, period in the next 20 or 30 years. That's how it kind of works out. If you look at the, let's look at these bond yields because you're gonna see why the dollar is so much stronger than every other currency out here. These are the 10 year yields if you're watching Tiger TV around the world, right? You can see right now, if you remember, I always brought these up a lot. They used to be down at zeros and negatives, okay? Bottom line is that everything is positive, including Switzerland, including Japan, which is almost unheard of, okay? But you can see the United States right now are 3.97, with double, no, with 50% higher than France, 50% higher than the United Kingdom, almost, let's see, almost 67% higher than Germany, Italy's higher than us, Italy's 4.16, Spain is 3.1, Germany's 1.7, the United Kingdom won 2.5, and you get France 2.3, man. The bottom line is that for their currencies to go higher, they need some action on the way up. They need to get those rates going and get those rates going pretty quickly in order to basically get a stronger currency. That's how this thing shakes out. Yeah, and happy flag day, man. It's June 14th. Yeah, you're gonna love it. So this is gonna get pretty intriguing, dealing with this higher dollar, but there's no doubt about it, you know? So if you remember, when the dollar was high, and this is when you could actually, the last time that this was happening, there's a lot of different businesses that you can basically get into. The last time this was up, I remember specifically how many folks were actually bringing in, buying Harley-Davidson's in Europe, buying Mercedes in Europe, bringing them back over here. There's a lot of different businesses that you actually can get into, because you gotta remember the correlation is that dramatic when it hits with currency. It is, and so if you wanna see something that's really bizarre inside the gold business, the active currency, I'm gonna do a GC1. Where do you see this? Because this is, you know, the only currency, okay, that gold isn't at all time high is what? Is the US dollar. Why? Well, why is pretty easy because of the fact that the every other currency is weaker and gold is priced in US dollars. Okay, let me see, how do I do this again? I used to do this all the time. Oh, here's a local currency, watch this, this is wild. So if I go first to the Euro, why do you see the difference, man? The Euro, let's see. So Euro, well, all-time high was 1899 euros. Yeah, it's 1795, so it's not at all time high, it's yet in the Euro. Is that right? Let me look at the yen. Okay, the yen's almost at all-time highs. The all-time high yen was 225 million yen and right now we're at 244. Why should we go to South Africa? Why do you see the amount of money that they should make in South Africa should be pretty intense because right now it's going at 29,000, no, yeah, 29,317 grand is an ounce of gold. The high, though, is 31,000. And then let's go to Canada. Let's see what that's, what's happening in Canada? No, Canada's like us, too. The Canadian dollar, let's go see what this Canadian dollar is made, because, okay, so the Canadian dollar right now is, look at this, it's getting interesting. 129 Canadian to one US dollar. This is getting weak in a big way. Let's bring this back. Curious as to how, oh yeah, let's go back. This has been in a consolidation, too. This is going back to 146. There's gonna be a lot of different dynamics in a lot of different ways that you can actually get some product, move some product. There's no doubt about that. We go inside the Dow industrials. We take a look at the strength versus the weakness inside the Dow industrials out here today. You have, the mover out here happens to be Boeing. Boeing's put in 26 positive points. McDonald's four taken away from it. United Health, 68, Home Depot, 37. You got Procter & Gamble 34 and you got Salesforce 20. Stay right there folks, we'll come right back. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. 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In the Tiger's End, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's End at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including Godly's, ABC's, Butterflies and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. 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, down. Dow Industrial is right now down at 236. You get the NASDAQ off 20, 23. S&Ps are down at 26. So let's get over and take a look at this 10-year because I'm gonna put the generic 10-year up. And we had been looking at an ABC structure on TY. Come on, TY, generic. There we go. Okay, so we take a look at this. Yeah, this is a monster break. Okay, so let's see what this is then. 129, 17, 12 bucks. Get you 102. Oh man, this is heavy. Okay, let's see where this is going. 102 is one of the projections. Let me see what this looks like. Put this back. So, what else? We just broke, oh, I see what happened too. Okay, going back 30 years, folks. There we are right here. Yep, 104. Yeah, watch this. That's where we're going, man. This is gonna be intense. This is gonna have some ramifications for sure. So watch this. You got a break with conviction of this whole trend line that started in 1999. You just broke a major swing. What you have here inside the 10-year right now, right? There should be major support, but guess what, it's blown by it like nothing, man. See, we traded it here from 2008 over to 2010, but it's taken out like butter, man. And the price projection is right down here. The price projection is going all the way back to 2007. That's 104, 102, 104. Is that 102? Oh my God, yeah. 102 is 2002. Rates in 2002. That's gonna be some heavy rates, man. That's, yeah. That 10-year, that 10-year's gonna be running five, five and a half percent. And the real question is gonna be like, okay, what does it mean for, you can see the doll is loving it. There's no two ways about that. There's no doubt about that. No, no, it is not time to shot bonds. The bottom line is that you're, oh, I see what you're saying. Yeah, you're going down. Yeah. I would wait for a counter-trend bounce to getting that inside that bond market. Another way that you can do that, especially so watch when you get a big price projection. Like even inside the S&Ps, where I would go inside the S&Ps, right? If we can get a bounce before this ABC structure basically gets to the price projection, what you'd want to do is a high, well, let's put it this way, a less risky trade would be to turn around and get an option play far out at the price projection. And so what you would have to do is this, you do two different things. What you'd have to do is that you would basically have to do that in an up market because in a down market, what happens is the premiums go up way too high, folks, because it's all predicated on the VIX, okay? So you'd have to have the VIX die down. You're still at 33, you know? And then the bottom line is that you're taking a different type of risk, but if you're in the option market, it's not a, it's a good calculator risk. Let's put it this way, because you don't have many times that you can actually get price projections, you know? And we'd have ABC structures in place. Well, guess what? You have price projections, you know? It's not, that's how it works. Now, let's get over and take a look at some of these housing stocks. I'm only gonna go to Home Depot first because they were building cars to break these lows and they're not really broken yet. They're not broken with conviction. You see this right here? Like we look at Home Depot, right? It's been trying to hang tough at 300 level, you know? 280, 300, it's at 278 right now, still. So that isn't broken yet. We go over to Toll Brothers, we take a look at Toll Brothers. Toll Brothers right now, same setup. I mean, look at this, look at this, man. You know, the low on Toll Brothers out here is, what, 44? We are, what, no, 43.55. And you can see, you know, bottom line, this came down hard yesterday, but guess what? It still hasn't broken it yet. Now, we're gonna see whether this is just building cars. If we take a look at Lana and take a look at Lana here, same kind, well, Lana actually broke. Not by much, though. Lana was at 70, 67, or 69, 15. And pull this back up for a second. Yeah. But actually, as I'm speaking right here, look where these are at, though. These, okay, so we'll be talking about the ABC structures on the major indices bringing you back to February of 2020. Well, guess what? The home build is there. I didn't realize it, so just when I'm doing this right now. You know, this is off 117, you're at 70, and you literally, you're right at February of 2020. Let me see if Toll Brothers is the same way. Yeah, it is. The high of 2020 was 47, you're at 44. So this is a lot of the, well, this is like a sneaky market now because the bottom line is that, you know, because you're watching, well, because I'm watching some indices and all that, these other ones are just climbing down slowly, slowly, slowly, like the razor blade that just keeps going. Let's go take a look at the oil market and see what we have happening inside this contract right now. So we take a look at the July contract. You're at 118, 15. 328,000. Well, it's about time to get a little pulled back anyway, but yeah, this has volume up here, man. Look at this. The volume's not stopping on this. This is going higher, man. Look at this. Last five days, you get 340,000 contracts. 293, three days to go, 355. Yesterday, 372, and today, 328. That's higher prices coming at you in spades. Tesla, let's go take a look at Tesla out here because the bottom line is that this baby is building cars for lower price once again. I mean, it's getting chipped down in a big way, but guess what? You're up 15 bucks there. You can see it doesn't even look like it's moving. The last low was established to 29 million. We came down with 34 yesterday and we got 30 today. This is pushing swing lows with volume. When you stop pushing swing lows with volume, what happens is that it wakes up out of bed and just blows it apart. And once this equity, we'll see where it gets down to 535. My ticket's going to 503, 502, because this is the last place for Tesla to get real support because what has happened is that Tesla had traded here from December of 2020 all the way over to May of 2022. No, 2021. That's a huge amount of trading sideways, folks. So that movement is good support. But guess what? Just like the TV, just like the 10 year, no, just runs right through it. Stay right there, folks, come right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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The Prospectus or 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, Four-Side Fund Services, LLC. This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. I'm O'Brien. Welcome back folks down. Dow Industries right now down 59, you get the NASDAQ up 57, S&Ps are almost flat, they're down three right now. So if we go over and take a look at the, let's go take a look at the good old Fed because of the way that the market has been going down folks, okay? There's plenty of analysts out there saying, oh, now you're gonna do three quarters, you might do a percent. The Fed's gonna do a half a percent folks. The bottom line is that what the Fed will not do right now is change. No, the Fed can definitely change, okay? But because of the way that they've telegraphed the amount of rate hikes that they're going to be and how much they're going to be, that telegraph would come in tomorrow. So my take is that what you're gonna have, you still have the 50 basis point hike, so a half a percent. And if they're gonna telegraph that they may go more than that, they will telegraph that tomorrow because the time always changes things. And the bottom line now, the Fed has been telegraphing what they're gonna do for a long period of time. There's a camp that says that, okay, if you put everyone in shock and do a 75 or a one point, that that would basically smarten everyone up and there'd be less demand. Because this is all about demand demand. This is all about how much each one of us actually think that prices are going up. So we in fact go buy things in demand because of that fact. My take is that thing is slowing down anyway because of the fact that prices have gone up so high. So it can kind of bring you all back to center, meaning that when you keep filling up and as you're filling up what ends up happening, let's say whether it's $80 or $100, whatever that is, that makes a difference, man. And we've been through that now for a good six to eight weeks. So I suspect the bottom line is that you're gonna get a half a point. The thing that's gonna get intriguing is that if in fact that we're getting this ABC structure on the way down, the real kicker is that will you get another half a point in July? Let me see what day that is in July. So calendar, okay, so the next one, July 27th. Okay, it's late. So it's the six weeks apart. So we're gonna get July 27th and November, September 21st. These next three are gonna be the numbers, man. And we'll see if they lay off a little, if they lay off a little, if the market's down too much. We'll find how it is. Their challenge is not to put the U.S. in a recession. My take on that is there's no way you can go up from zero to probably five in the tenure without crushing growth. That's how it works. That's the bottom line. That's just how it works. If money costs more money, well, you're gonna grow less. That's the first part of it. The second part of it is we don't know yet, just we know in the crypto space that there's plenty of people that didn't have any bait suits on and those cryptos are going south in a monster way. What we don't know yet, and what we haven't seen yet is that what is that inside of the equity market? What is inside that in the real estate market? What I did see out there today, so check this out, man, this is pretty intense. Let me check it out. This is, in the 2007 deal, right? We had, of course, the Lyre loans, right? The, you know, no dock loans, okay? Well, believe it or not, there's actually no dock loans back again. Let me find this thing, man. This is a great article, because what it's about is that, and the thing that's really crazy too when I'm reading this article is that you had the credit Swiss men, they're involved in like, just every type of piece of paper they can push out and make anything on. Okay, I can't find your shit, but here's the gist of it. We know that Airbnb's and the, you know, VRVOs, okay? Giving good business to people, right? Well, there's new loans that are out there. They've been around about a year now. Well, they've been around for two years, but the exponential amount of money that is pushed out, I believe two years ago, something like $1 billion, now they're up to, I'll find this in between the break, but here's the gist of it, here's how it works. That, yet, let's say, have an Airbnb. Normally, what ends up happening is that, you know, you need your W2s, you need your everything, right? To get any type of loan, right? Well, there's three or four companies right now that are pushing out huge amounts of paper, billions and billions of dollars, and what they'll do, they'll lend on the projected income of Airbnb and VRVO. That's pretty intense, man, because what happens is that when you stop projecting money out, and this was about the Smoky Mountains, let me see if I can do it, because it was about how many loans are actually up at the Smoky Mountains in Tennessee. And the amount of people, and how much they owed, I mean, you're talking about some 30-year-olds owning $3 million, and they've never been in the real estate business, and now they are, basically, you know, Airbnb operators, with monster debt inside of this article, I was like, wow, because one person was saying, yeah, how much they're making, this other person was saying that they have $3 million out. After servicing their debt, they're making $100,000. Well, I can tell you what, folks, I have a lot of properties, I have a lot of rentals, I know this business upside down, if you're only making $100,000 on $3 million, right? That is teetering on, like, going broke. I mean, are you kidding me? For the amount of risk and for the amount of money that you're paying out on that? That is not a business plan, that is not a business plan at all, okay? That's about, yeah, anyway. I'll find this in between the breaks, because this article is saying quite a bit. And so, put this, the key of this whole article was they don't care how much money you make, they don't care how much money you have, they care about the Airbnb and what it can project for a year. Then the second one, there's a couple different companies, the second company is one company that is getting 30% down first, so that's a different ball game, there really is, okay, but, you know, but same deal, not a lot of paper, and so this is what's happening. This is where the shadow banking comes into play, because these mortgage brokers, they'll get the product out, push the product, that goes into the banking system, the banking system pushes it out into paper, same deal. So, we'll see how much bigger they actually get, you know, and those are the types of deals though that can go south very quickly when all of us decide that we're not gonna pay $350 a night to stay at an Airbnb, you know? If you listen to, I think I swim today this afternoon, Linda Swan, they know they have the Linda Swan on it with all this data, and it's amazing, he was talking about the amount of all of us going from wanting to go away, that hey man, we're not going away, we're not jumping on a plane because they're ripping us off to so much money. It went from high to low in six weeks. So, right there folks, show them right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back folks, I got this article, so yeah, check it out. Landlords have assembled many empires managing them from using smartphone apps, okay? Check this out. Software engineers, middle managers, teachers, military personnel, TikTok influencers, flood social media with stories of newfound wealth. They're snapping up properties off in sight unseen from out of state at unheard of prices. Some long-time residents are complaining that these investors are changing the character of their communities and making their housing unaffordable. This is basically about a couple different vacations spots, the biggest one being the Smoky Mountains. A new kind of business loan is fueling the boom. It lets borrowers, including a self-employed, qualify based on, not on their salaries, but on the projected future income of the property they're buying. An industry jogging, they're known as debt service car ratios, referring to the way that rents must be at least enough to cover the monthly mortgage payments. Last year, here you go, last year loans without taxpayer-backed total $9.9 billion. That is an eight-fold increase since 2018. Oh, man. This one person, Chelsea Jones, 29 farmer, grocery store manager of Columbus, Ohio, bought four rentals in the Smokies, three with the Smoky's Brokers help, and all Jones has borrowed $1.1 million over the past year for the properties. In Big Bear, such as Big Bear Lookout, a four-unit cabin in Gatslinburg, Tennessee, which shuffled board, hot tub, and an arcade. At first, the time to imagine how John could afford Big Bear, the monthly mortgage is $2,600, rent from the steady long-term tenant, would barely cover it, let alone repairs. But Jones can rent out the property for an average of $350 a night on Airbnb. That way, she can earn $6,000 more than twice her mortgage. Yeah, that's if you can get it. So, I don't think, anyway, there's a man. In Wall Street, okay, the bottom line is that they continue to find anything to push paper out to the public. That's their history. That's who they are. You got any paper, man? Let's push this out, man, let's go. As you remember, folks, the bank can claw your heart out the book and run you over, and thank God, there's always another trade. Health, habits, and prosperity. Have a great night, folks. Have a safe night. Come back and visit Tommy tomorrow morning. Kick us off nine o'clock in the morning. Great show, folks. Reel, look at him, folks. Building wealth, trade.