 Hey, how you everybody Russell Moore with dedicated to financial literacy um good evenings Sunday night I thought I'd jump on a lot of things going on the Fed just made some kind of update I'm not gonna go into that I'll probably talk about it tomorrow but I did want to mention something tonight and again if you hey subscribe hit the subscribe button hit the bell the notified bell if you want more content in the future I thought I'd throw that part in there again if I didn't say this dedicated to financial literacy it's the channel Russell Moore all right there's a there's a man there's a guy an investor his name is Mark Cahodes Cahodes CO HODES I believe he's a short seller so pretty much if if people were expecting the market to go up and up he's going against that I'm gonna put it just like that I'm not gonna explain short selling and all that because I that's not the point tonight I have some videos in the past if you want to you want to know about what's what's short selling look at some of my other previous videos but he's he's a famous short seller very successful everybody in the investment in the investment sector knows of Mark Hodes he ticks a lot of people off too kind of has a conservative viewpoint on a lot of many a lot of many things the good the thing about him is he says what he he's not afraid to speak truth and but he is a short seller and I'm not saying but like short sellers are horrible but you know they've they've got a bad rap in in the industry but something interesting I was watching an interview with him and Danielle anyway Daniel Carter holds I can't remember which interview I saw him in but he's been in a few interviews but he right now he looks like a hero because he is the one that called FTX Silvergate and Signature Bank Silvergate Bank and signature which are two of the banks that just like SVB just got termed up right the FDC took over but he exposed them last year which is scary because that means that means the FDIC knew about Silvergate they knew about Signature Bank and they knew about SVB I don't know if he exposed SVB but he definitely did Silvergate and he exposed Silvergate and Signature Bank all the way back in 2022 so the FDC knew about them and the corruption is very deep you guys I would encourage you to kind of look it up I'm not going to go into all that tonight but I'm talking about offshore corruption where the money has been transferred through China and most people are some people are saying oh China's behind this I'm not gonna go that far because they they've had transaction money transactions corrupt money transactions throughout the entire world in various places in various countries so it's not just China I'm talking about Signature Bank and Silvergate and Silvergate I believe is out of San Diego, La Jolla, California and a lot of them are their basis is in crypto and so here's what I would say during this time you guys if you're in the stock market I'm not saying get out of the stock market now Treasury bonds I'm gonna go ahead put a plug in them because they you know a lot of people been going over to them and I've had them in the in the past have an account with Treasury Direct I think it's a Treasury Direct.gov for Treasury bonds and so some people are playing it safe taking their money out of the stock market and getting bonds because they're around four or five percent I don't know how long that's gonna last bonds are a good thing right now okay again again I'm not a broker I'm not a financial hedge fund guy or nothing so I'm not giving you advice I'm letting you know what people are doing right now you need to what do I always say if you don't learn you don't earn so I need you to go and do your own research but I will I want to endorse that guy Mark Cahodes look him up he's a short seller just all you got to do a short seller Cahodes and he he exposed a lot of this stuff I have months and months ago and he's made because he was a short seller he shorted signature bank he shorted Silvergate and has made a ton of money to the point where he said this is what he said in an interview recently because of the he said it's great if you expose one one corrupt bank or institution in a career he's exposed three FTX Sam Goodman Sam freed he exposed him yeah I don't know people know yeah he exposed him and now Silvergate and signature bank so he said it's great if you do one if you expose one in a whole career he's exposed three and in a matter of six to eight months and as a result he shorted all of them and he said here's what he said I don't need any more money I mean I mean you guys he said I do not need any more money and he gave some tips on what to short some other stocks the short so he's taking a break and then he's going to go into going after his next corrupt but everybody on the internet and Twitter are checking him out because now they're like wow this guy called it he was saying it and our government hello Biden our administration Janet Yellen how they were not listening they did not listen to this guy Bloomberg didn't want to even print his story he he brought the story to Bloomberg and they didn't even want to print they didn't even want to bring it out about Sam about signature bank about Silvergate this guy had all of this information months and months ago but because of what he's done he saved people he has saved a lot of money people are harrowing him as a hero right now so that's why I wanted to bring him up and then bring him up so again going back to stocks right now if you're gonna be in the stock market you want good solid companies that are strong companies with a wonderful low EPS their cash they have a lot of cash low debt or no debt great leadership team they're making a profit their margins are great these are the type of companies you want it doesn't matter don't I'm not talking about the stock price stock price is subject to change because the stock market will change on sentiment easily soon as you hear a as soon as you hear a bad news or a bad report an earnings report people want to get out they sell it not keeping an eye on the true fundamentals of that company you want to know what what is that company really doing and if they're gonna profit and if they have a moat if they have a way they've got a market cap where they've got a portion of the market that nobody else has like Tesla I'm sorry the other automakers are not able to compete with them we're going EV you guys are going electric I'm not saying the other companies won't catch up and they won't get some market share yes they'll get market share but not like Tesla I'm sorry an electric in the in the EV space nobody is going to be able to do I'll do Tesla they've got it locked up for the next five years I believe after five years I don't know now China is a different story they've got tons and tons of EV companies so that's different but get a strong whatever stocks you're in get make sure they have strong fundamentals don't just go by what your friends say oh so-and-so so-and-so so-and-so this stock is good and then you jump in and grab the stock and then it tanks I don't believe I don't believe we're heading I don't believe we're in a in a bull market yet I know a lot of people are I know a lot of people out there investors and YouTubers and are saying you know we're heading up we're at the bottom I'm not so sure about that I'm still not sure that we're at the bottom and I'm having a problem believing that we're about to enter into a bull market with everything is going on I do want to pay attention to the earnings report this this month this week I believe I believe footlocker which has a great dividend I believe they were 4% 4% yield dividend so even if you like and you guys a dividend a company will give a dividend from their profits that's that's outside of the ascension if the stock goes up or down they're given a dividend that's a check every quarter that's four times a year every three months footlocker is a good place for a dividend and their their fundamentals are pretty solid right now so I'm watching to see what they do the price is a little high for me right now so I want if it does go down I want to jump in and grab some of that stock another stock is Nike Nike's having they're gonna be doing their earnings I think the earnings this week and then I believe it's KB housing I'm really want to see what's going on with KB and pretty much their backlog how many homes that do they have out there that they're their they're building or their or have they pause building I want to know what they're doing so I'm very interested in a housing market so anytime one of the housing companies come up you know and they do their earnings I really want to try to peep in on that for those that don't know how to look at earnings how to get to the earnings all you have to do is if there's a company well Twitter has if you have Twitter there's a there's a there's a space on Twitter it's called earnings whisper if you go there it actually will tell you what companies are reporting their earnings for that week or that month or when the earnings are coming it's all dedicated to earnings so you can use that as a guide to say you're interested in a company or you want to find out what companies are doing their earnings you can go to Twitter and go to earnings whisper now for those that want to find out about and be involved in the earnings call or the earnings transcript all you need to do you can Google you can Google your company and say investor relations for that particular company say Michaels Microsoft investor relations and it will bring up their website or you can go directly to their website and it'll pull up and you can click on investor relations and go in and then it'll usually will tell you if there's going to be an earnings call when it's going to be what quarter and all of that you know what what quarter they're going to be reporting and all of that okay so we've already did the first quarter fourth quarter of 2022 we've done the first quarter the next is the second quarter some will do an advanced guidance of their second quarters and third quarters but but check out your earnings check out the earnings to find out how these companies are doing we need to find out if we're going to be heading forward towards a recession now like I've said I believe we were in the reception last year and through the beginning of this year most most experts out there are kicking it down to Canada we're gonna we're gonna reach a deeper recession later this year now I will say this about a recession and that is employment employment is still low and that's what I'm really looking for on the third quarter the third quarter and towards the end of the third quarter of this year I've said there's a possibility that in that an employment an employment will be at at four to five percent four point five five percent we're near four percent now and companies are doing massive layoffs but really what affects that number is hospitality and like even some of the gig gig jobs and all of that when you know when a lot of those positions start getting it fades out laid off or they start different companies start saying we don't need as many gig we don't need as many Uber drivers we don't need as many Lyft drivers or at least if they say we're gonna put a cap so I'm looking I'm looking at that keeping my eye on that to follow the recession because our economy right now it's not it's not horrible but inflation is up inflation and I don't know why people keep thinking inflation is gonna go down I keep hearing that Kathy Woods I keep hearing that even meet Kevin and I'm like gang all you got to do is ask your neighbor ask your neighbor inflation it's still up it's still up I went to the story today and I think I literally bought I'm not lying I bought one two three four five six I bought seven items seven two was bread what else two was bread I bought some chicken rotisserie some salad a couple of drinks and some dessert for a party cupcakes $65 I kid you not I was shocked I didn't even look at the receipt I just grabbed it and just walked out the store then I was in the car putting stuff in the car and I looked at the receipt I said six you would have thought I bought all these groceries it literally was about six or seven items now granted the cupcakes right 20 bucks I'm talking about in a little container 12 cupcakes I bought two of them and they were like 12 12 $13 from a market so that was almost 30 I'm just saying inflation is here you guys and it's not really going anywhere soon so be wise make the right right right make the right decisions okay make the right decisions be smart am I telling you get all your money out of the banks and small banks no I'm not telling you to do that but I am saying be wise take some out and get some cash and keep it get some gold get some silver diversify make sure your money and mostly money if you're gonna have money in a bank in a top-tier bank not a credit union not a silver gate not a signature bank okay now there's some I'm with Southland they have been great I've been I'm with Southland a really reputable and very good credit union but the problem is there's no transparency and I don't think there's enough regulators to get around to all these banks so there's no regulation but here keep this in mind too I didn't say this in my last video I want to make sure I say this because of the FDIC your money is insured up to 250k so keep that in mind but if you got millions if you got millions then you know we don't we don't you want to put your money you got a million or two and up you definitely don't want to just have all your money in one a just one basket okay and if you can transfer your 401k to a Roth where you can like have access to it 401k a lot of times you know it's people are in a situation where they're in the company and the company won't let them companies are saying no you can't have any of your money not even a hardship loan to me that's scary because I think that I'm not gonna call a crash there's some people been calling a stock market crash in the next by the summer 20 to 30% now I'm hedging and I'm leveraging so I'm I'm definitely gonna have some short I'm ready I'm ready if it does happen I'm still gonna go long on some things but I'm gonna have some protection so that's what most people would do with the stock market if you're gonna go long with some of your stocks make sure you have something that you are leveraging it with meaning you're shorting or if you you know the derivatives you want to have some puts that are going the opposite direction that way if the market does go that way so I'm probably gonna and I'm not telling you to do this but I'm probably gonna short the S&P 500 in the Dow I don't know about the Nasdaq and usually there's a crash all three of them are affected and also also the Russell 2000 small caps I'm gonna have I'm gonna have leverage I'm gonna have a hedge in case the market does go down hey you can make money on the way down all right so be encouraged so you guys I pray that God will bless you and it's a the remainder of the 2023 year will be awesome for you and begin and also my believing friends my Christian friends soul seeds not just in your church of course your ties and your offering but give to people around you there's a need you know somebody in your church that has a need give to them bless people on their birthdays they're a little extra money even if it's just 50 60 bucks a hundred bucks bless people don't just you know what I'm saying I really believe my wife and I the Lord has really been I have so many testimonies and we're you know we're still right now things are tight we're standing and believing God but we see God's faithfulness but one of the reasons is that we try to give as well as from to our church but we also give to people we're giving to people in our church we give to people outside our church we give it to our neighbors we're giving to our people at schools we give to my son's school their parents I mean we we're giving everywhere we can the more seeds you plan in the ground the bigger your harvest all right so God bless you and have a wonderful wonderful evening