 Welcome, folks. This is Jacob Schrupp. I'm filling in for Tom O'Brien today. He will be back tomorrow. We were just Streaming the Fed meeting so no interest rate hike currently There's might still have one before the end of the year But the main takeaway from this is that we're gonna have rates be sticky for quite a while There's not a foreseeable rate decrease until about September of next year And that's substantial because a lot of the conversation the beginning this year was that we might actually see a decrease by the end of the year and As by the end of 2023 it looks like that's not gonna happen now Inflation is Has come down somewhat but prices are still pretty sticky one of the things that Powell was asked right before we cut to this You know, he was there talking about people on a fixed income and how much these higher rates hurt people and Powell came back and said well inflation itself hurts people and this is that this is the concept that I've been just kind of struggling with a little bit You know just as like a like a citizen So yes like inflation Hurts people on fixed income higher rates hurts people on fixed income and the way that they're trying to get inflation down and And you know, basically they have to decrease demand right because there is a supply and the problem that caused all of this and it You know the way that you decrease demand is by Lower wages and higher unemployment And so it just seems like people on this lower end Just get you know kind of messed up consistently because of this kind of stuff and it was really just uh You know it was kind of a shame. Yeah, it's it's a sad kind of look into how things kind of operate But as it stands now for today There's going to be no interest rate Increase they were also speaking about the housing market As well and there's an article I had been reading Which is really interesting The headline on this is it's talking about how strained Affordability is in housing market and that exists right and you had some builders who've been Lowering their prices And they obviously take a hit to their profit margin because of that And it says here that there's a fortune 500 home builder offering a fixed 4.25 percent mortgage rate in some communities So the home builder themselves um And it's uh, it's insane Let's see here. Um Because of mortgage rates began to spike last year home builders across much of the country began to reduce their profit margins Which had grown to record levels during the boom for some builders that meant offering aggressive rate buy downs Which in some cases lowered buyers mortgage rates below 5 percent in some communities it required cutting prices by 5 10 or even 15 percent However, the fact that mortgage rate shock has regained bite just as the housing market entered into the seasonality softer fall window Has translated into many home builders once again rolling out these incentives Leonard's home builder ranked number 119 on fortune 500 Is is basically promoting a fixed mortgage rate of 5.25 percent in colorado for buyers Now the caveat is they sign a purchase agreement on a select move-in ready home in colorado between september 18th And the 25th That's closing by the 31st of october on halloween So it's interesting to see how these larger builders are trying to compete with this You know, I haven't heard of anything in St now a lot of wealthier people have moved into st. Pete recently And are buying some of these homes. So maybe they got the fixed rate at a higher rate Back then they're able just to afford it afford it going forward. But I think anyone who had these kind of like variable rates Um, I can't imagine You know, especially if they're on a kind of like a paycheck to paycheck. I mean, you're beginning people Who are in You know top wage brackets, you know making 120,000 Living paycheck to paycheck now that might be because they've they've purchased so many things that are expensive But regardless, you have a lot of people who are not going to be able to adjust To any increase in their payments per month folks. Stay tuned. We'll be right back Steve road started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight 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 Adding stock options to your portfolio can be a major game changer But the full complexities of these instruments can oftentimes allude even the most experienced traders Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market Teddy Kextat is here to help on wednesday september 27th from 4 p.m. To 5 p.m. Eastern time Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock options spreads Teddy will also go over how to trade stocks and other market movements without large capital allocation How to expand portfolio diversification How to maximize potential returns Basic entry and exit techniques and more if that wasn't enough of a reason to attend Teddy will also be answering all questions live If you're serious about making money in this market head over to the front page of tfnn.com today to sign up for teddy's live stream tfnn educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv that's tfnn.com and hit watch tiger tv Welcome back folks. You know i'm reading in the den right now and uh jbd brings a You know interesting point. There were zero rates. There were low rates for so long I mean i became Like an adult with Rates at this at these you know past levels And i don't remember really a time when i was ever you know conscious about finance or Or economics or anything like that When when rates weren't like extremely low and you even have the bank of england recently and i i don't have the Chart poll that i was going to speak about it last week when i was filling in a bunch But i don't have it up now anyways bank of england Said they might have messed up a little bit keeping rates so long because it increased money supply so much And you know i was comparing their m2 increase to america's m2 increase and it was pretty it was insane That this was happening in such a small country um And so you know now rates are higher But a lot of people haven't like experienced that you know And it's it's just a weird kind of confluence of of kind of events that occur To where now you know we're in an environment where there are rates, which is kind of what i supposed supposed to be I don't know what happens, but these this constant injection of liquidity And then low rates which you know was basically keeping the hose on um You know that's a wake-up call for a lot of people when that gets turned off so I remember there even being conversation, you know years ago that raising rates Would would cause illiquidity right so It's interesting to see but now with rates raised we can we can see that the market is still just so resilient relatively speaking so Yeah, pretty fascinating stuff and we'll see how we can move out of this and hopefully adjust Oh, let's just take a look at what's going on right now Uh, here the e s we're kind of sideways to down Same with the russell nq's same deal dow up like a little bit But pretty much sideways at point zero eight percent right now um Gold contract was trading up in 1961 even with the dollar moving The dollars at 105 21 currently Silver still staying in that 23 area and then the copper contract hasn't made many You know any moves significantly Recently, of course the crude oil That's an 89 on the contract tesla is some interesting stuff we'll speak about disney really just kind of gave up that little pump that it had and again this move up was on no volume At all you had this kind of large volume just on a on a five minute kind of in this realm around here of an eight two 58 and we were back down there. It's going to try to get back up maybe to the 83 level so They're about to dump a large amount of money Into parks and cruises which has a lot of people nervous Um 60 billion to be exact So disney's spending 60 billion On parks and cruises to stay ahead of the growing competition The median entertainment giant on tuesday unveiled a 10-year outlay for the business that has carried it through streaming losses At a gathering of wall street analysts investors at the wall disney world resort in orlando florida Now the plan caught some shareholders by surprise Sparking a 3.7 fall in the stock that has already Underperformed the wider market and that of rivals such as netflix Shares are up 0.6 in wednesday. You might have had this bump up This is obviously on a daily We can go to like a monthly or whatever You had this kind of run up a little bit on some news That they were had one dollar subscriptions for their streams But you know, I don't know and this is really the question going forward with a lot of these companies like Do are we just are we just doing cable again? And what I mean by that is you have so many different Streaming services, right and there is even like a like a joke conversation Um about packaging these all together and it's just the same thing is is cable almost You know, it's a question is like does it make sense to really have This massive apparatus Just to stream content or does it make more sense to like digitally license it out? And uh, maybe that conversation will become you know, we'll reignite as time goes on but um You know, we'll we'll stand to see because disney's been having some issues with its streaming And there's so much cost that goes into managing that infrastructure So yeah, just reading some more of this article. I don't know. I'm nervous with this stock too I don't see any I I think there's also a lot of conversation The not a lot of people see why it would get back to any, you know, price that's substantial I mean, this is well below the cost basis for a lot of people, right? I mean you had folks buying them like average, you know, like 95 to 100 and um, luckily it's still above these pandemic lows, I believe When it crashed, let me take a just a little one why don't you do the 15 year Do the five year No, that's not even Why is that only going back? Here, let me take a look Yeah, so down here. Yeah 79. So I mean, we're we're this is I know a lot of people got in in this level two and it crashed Um, when all the code announcements are coming out in 2020 Um, but I mean we're we're right there basically, right? I mean that's 7907 We're trading at 82 71 So quite a journey around the world And disney has has taken these past few years Um apple down a little bit had a jump down is get off that five year Go to the daily Some significant blowdown There were some headlines saying that the demand for iphone 15 was higher than supply which I think was supposed to be a way to uh I don't know get people positive about the stock after some of the news that came out But uh, it didn't work. So we had some massive volume down here And some larger volume too all the way down today Look at this on the monthly I mean coming from 192 down now So it'll be interesting to see if we can get out of this pit and again, this is not substantial volume on the downside But um, you know still enough that'll have to get some energy moving back up still dynamics, um At 100 currently it's sad to see this kind of break that consolidation Whereas trading in this line. I speak about this all the time But again, you had this break of consolidation on pretty substantial volume movement down and uh, I want to wait to see what this This is obviously like kind of an emerging profile for it Uh, especially like right at $100. So I think we if if this can't get energy to get back up Say like to 102 or anything to get back into this game. Um, I think we're going to stick around this level And we'll see a new consolidation pattern going forward with steel. There's nothing too like, you know, um Attractive going on I suppose in the steel market to warrant this really pumping up any more than it is currently So the during the Fed meeting as well. There was some conversation about the strikes the GM one of the GM factories has completely um, stop producing anything Uh, because they add a protective coating on a lot of their products Um, and that's one of the areas that's striking. So, you know, this is all about people needing to have more to live Of course, the price is so high and we were just speaking earlier about how this kind of is a Like a feedback loop almost but In news around increasing wages, you have bank of america Is actually going to try to raise their minimum wage to 23 bucks an hour in october, which is a great Price for a lot of people a bank of america will boost its minimum hourly hourly wage to $23 in october As it heads towards a goal of raising hourly pay to $25 by 2025 The pay bump translates to a minimum salary of almost 48 000 a year for full-time employees Bank of america has increased pay several times in recent years starting with move to 15 an hour in 2017 So that's some positive news on that front. I suppose if you look at it that way folks stay tuned. We'll be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. 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Just visit the front page of tfnn.com This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Back everyone. I'm taking a look at general mills right now. Um, they they be at first quarter estimates. Okay But this was excuse me Their agents are choking me. Um, they they beat this because of higher product prices. Okay, so this is Not a change or dominance in their market share anything like that. Um, it's it's just because they're increasing prices. Um, in fact, they've actually They've they've lost some retail market share their CEO had said which is not a great outlook for the company Um, it did have superior on-shelf availability. The CEO said earlier this year Um, so, you know, they're beating estimates just because of higher prices because they're necessarily selling anymore Now they raise those prices because demand was slowing So even though it looks good on the front you hear like, okay, they beat They'd be a profit estimates. Um, it's still not a great outlook for the company Organic sales in north america retail segments grew 4% As it saw a modest rebuild of retailer inventory In the quarter after being hit by weaker demand and what's interesting too is I've seen, um, There's like there's two companies in particular that I have in my mind. I think it's called magic spoons and uh Kodiak, I believe I don't think they're owned by general mills. I think these are Smaller companies that are coming in and they're they're heavy hitters and I I see Them gaining a lot of shelf space In the public's around my area And I think that's the same in larger cities as well when I was in uh, new york I had seen some of the magic spoons out there as well. Um, so they are losing Shelf space general mills reported net sales of four 4.91 billion compared to the expectations of 4.88 billion According to the data released and I think on their This year they got pretty smacked as well up from 90 and coming down on substantial volume And it's been a little journey to the bottom since then for them Let me see here. Is this I want to talk about canopy for a moment. Give me a second to get it Uh, and get through the pay wall The fed is talking about the fed the federal government Is talking about rescheduling cannabis which would be pretty substantial for a lot of these um growers Substantial for a lot of the farmers or excuse me the um, uh the sellers as well But uh canopy, uh jumped down below one dollar After 46 million shares registered for the sale. I I never liked these cannabis companies and I don't even personally think with the rescheduling Um Of of this substance, uh to something that's not schedule one That these companies will see anything substantial in the long term now You're definitely going to get a bump right like that news comes out or the the conversation becomes more serious um, you're absolutely going to see a uh In my opinion a short term increase in a lot of these pot stocks But I still think they have some substantial problems with it Um, and I also think for a lot of places where it's legal. It's just so expensive It's it's taxed beyond belief um, and I and I think it gets to a point where People start finding it elsewhere. So That's just some quick news on canopy growth But yeah, we're below one dollar with that company again Which is never a a good thing instacart. Oh here. Let's first take a look at arm They had their IPO last week And I think they are still down to day 4.86 percent again one of the larger targets That we would get down to three days One of the larger targets that people are talking about is the 48 level so again not enough time to really determine any significant volume, of course, we can just Talk about what volume it has been trading on But you know relatively speaking this this downturn is uh is is decent volume for it And again, we're at negative five. I mean you can see that hop right there Or down to five percent today in their instacart also had some issues They had their IPO. Let's pull it up See what okay. Yeah, maple bearer perfect They're down. Yeah 10 point 10.8 percent. Um, and I mean that was just a stark decrease. I didn't even really run up that much Um, so yeah, that's something more than five percent the second day of trading wednesday continuing a slide that began immediately After the stock hit the nasdaq on tuesday instacart sold shares in its long-awaited IPO on monday. That was 30 bucks a piece Um trading under the ticker symbol symbol cart. The stock popped 40 percent open at 42 But then sold off. So we were right there at that level again at the uh intended offering at 30 dollars now by wednesday afternoon this article was saying instacart rally had fizzled further and uh Obviously we were at 30 at the time of this article. It was at 32 And everyone was talking about with arm and instacart and all these that the the The ip o slump uh was going to be over These guys are going to save that and it doesn't seem like that's happening at all and I haven't You know given it enough thoughts really formulate an opinion of like why this is going on and why these companies aren't necessarily taking off I mean arm was attractive and we saw the ai hype going on Um, but maybe some of the institutional investors are getting wise to it being Um, you know, maybe a little bit overpriced same with in the video We're down 2.4 percent today 424 I don't want to be on the three day for this I'd like to time for it Like to go to year to date And so we've backed down quite a bit from that 502 level So we have like trading in this bounce from the you know, it jumped up on the significant volume Just below 400 and for the past few months You know, we've been trading to this. Uh, there are some people who are getting a little bit dicey on the video as well But I don't I don't see that necessarily happening to them. I I don't think they'll like breach 400 anytime soon But 500 is definitely a pie in the sky For that company. I think the ai hype will die down a little bit As well as time is going on Second reading some messages Speaking of the ai and this is much this isn't necessarily market news But I can tie it in so the interesting happened a few months ago We're going to talk about ai a little bit So the interesting happened a few months ago, uh, where this picture picture started circulating on, uh The app formerly known as twitter Of a bomb that had gone off at the pentagon, right? And it seemed like a you know, obviously if you looked a little bit if you looked closely at it It didn't look legit There were some issues with the pixels and there was a lot of bleeding And I was like, okay, it's ai someone's just trying to joke around. Well, it did actually have like Real-world effects, right? And it impacted the market for a time being until Companies were coming out and saying or excuse me news agencies were coming out and saying oh, it's fake But the problem is is those news agencies took it and ran Now it didn't get as much attention because I think they caught it pretty quickly But it shows that there is a threat of this misinformation with ai That can have drastic effects on the market and what the senate intelligence committee Has just released as they are concerned about election deep fakes, right? So deep fakes, uh, which is You know, it's an ai-generated video. Um, usually it's going to be of Someone of some kind of renowned Uh, a celebrity or a politician in this case and most likely they'll probably be doing something in this deep fake. Um That that isn't good in that, um A lot of the constituents won't like we'll talk about this a little bit more when we get back Not too long, but just stay tuned. We'll be right there Are you ready to take your trading to the next level? 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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 and stock prices Get the opening call newsletter by basal chapman and 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 Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns, you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. You need to act on at any time 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 Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv Welcome back folks. We have a short segment here and then we'll talk a little bit more about the markets Um, you know, we have the futures down point seven here We have the rustle futures down 0.85 and q down Just 1% actually an increasing 1.2 the ym down 0.10 percent I'm talking a little bit about the senate intelligence committee warning about deep fakes going forward So that's something to keep in mind. I do see a world where ai actually Makes politics a little bit more localized if that makes sense Just because you can only trust what you can Verify in in person I think and there will be a time Where something like this like ai is going to be used to cause a large disruption going forward And that's that's when we'll start me thinking Um, you know, just just how much we rely on kind of uh Things beyond our immediate vicinity. It's really interesting. Um, however, ai we're still beating it a little bit Some of the science news for the end of the segment The best humans still outperform artificial intelligence in a creative divergent thinking task now What this means is that most humans don't outperform artificial intelligence um But still we we're still uh passing the tape before ai They were asking them about business concepts and here Needed creative business concepts a lot of humans. Um, just kind of got stuck on A few concepts and they couldn't get out of it But ai is able to spread out Quite a bit and suggest a lot of different things and they can see connections that maybe the average human cannot see But our best still Beat them. So pretty fascinating stuff on the news segment We were talking yesterday about novo nordisk and how they had um an fda form 483 Hit on them at the somalgatude plant We'll talk a little bit about that when we get into that segment However, this took their stock down substantially not substantially A decent amount I'll look up the ticker and we'll look at on the break folks. Thank you so much For coming with me on this short show that we had today. Tom will be back tomorrow He was just traveling a little bit and uh, you're gonna get some more of that great tf and end goodness tomorrow We have Tommy O'Brien at 9 a.m. Eastern time. Have a great rest of your day