 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Good Wednesday morning everybody. I'm Tommy O'Brien coming alive from TFNN Thanks so much for kicking your trading day off right here with me 906 a.m. We got about 24 minutes to go until the opening bell And we got some action across the board right now a lot of stories to jump into we pick things up with markets in negative Territory S&P's negative by about eight points this morning trading at 52 52 as we speak That's a decline of almost two tenths percent NASDAQ 100 you're off by about 50 points about a quarter percent in the red 18,281 the Dow off, but just barely 18 points not even one tenth percent in the red 39,489 on the futures you're talking about a slide of almost a thousand points though from where you were when we Opened just Sunday night and the Russell off by about five 2077 approaching the lows that we had yesterday intraday at 2072 the trends are continuing across the board right now crude We're seeing higher prices higher highs higher lows We just got an eighty six dollar print in the price of light sweet crude eighty six ten was the high there We're training at eighty five seventy eight right now If you haven't filled up your gas tank folks go fill it up because the prices are going up at the pump Speaking of how about the goal contract man last night? 2308 on the futures now we've seen this happen a couple times right you're talking about extreme volatility in the goal contract But a series of higher highs higher lows almost coordinating with what's happening that crude market and look at the run We've had since 830 now. We have ADP private payrolls. We'll jump into that in a moment Nonetheless, we got some Fed speak out there as well Rafael Bostic Atlanta Fed One cut we'll jump into that one cut maybe this year in the last part of the year Boy, that's a shift in terms of where the market is looking nonetheless. We got gold up another 16 dollars on the session 2298 don't forget about that gold report special folks You can save 35% off the monthly price you lock it in forever That sale only running through this week on the front page of TFN and calm we jump over the notes and bonds What do we got lower price higher yield not surprising boy? We're gonna get into the wage data in a moment That's gonna be the story that kicks things off 10 year yield sitting at about 4.4 percent Now that's right where we were on the program yesterday right zooming in on the action We got a little bit of a reprieve as you got higher price lower yield after I got off the program But look where we're yesterday the whole nine o'clock hour. We were right where we were right now We got the tenure above 4.4 percent today And I don't think you're gonna get a reprieve today with the news that we got coming out Especially with a little bit of Fed speak and we hear from the chairman himself today as well So keep your ears tuned for that the 30 year similar action 1706 right now you negative by 17 6 we got the 30 year Approaching the lows of price that we saw yesterday just one tick away from that price level you jump over to the volatility index We got a 1543 spike as of yesterday was still sitting above 15 with the volatility index sitting at 1506 right now. We jump over the dollar And yeah, the dollar just right where we were yesterday makes sense considering the move right dollar Right where were you where you were at about 10 a.m. Yesterday the dollar at 104 71 We had quite an acceleration on Monday to above 105 But you put the dollar on a daily and we're approaching a critical level man You're bumping up against where we were February 14th You hit that price point as I mentioned on Monday you back off a bit yesterday That's a series of higher highs and higher lows folks We'll see where we come into the action on the dollar index. All right Let's kick it off with some jobs data US companies added 184,000 jobs in March that is the ADP private payrolls data out at 830 this morning gain in private payrolls Broad by industry and company side so across the board right and wages. That's where we're gonna kick it off How about wages rising the most since July for people who change jobs? We're just gonna slide right down to the number. How about a nice easy 10%? Inflation is not going away folks if people who are changing jobs are getting a pay raise of 10% and people who are staying in their jobs Are getting a pay raise of a median not the average the median pay raise 5.1% I'm gonna blow up this chart real quickly take a look now the bars on this chart Have to do with changes in wages for job changers. Okay, the black line on this chart has to do with people Changing wages if you're staying in the same job not surprising if you're staying in the same job You're not getting rewarded to the same degree if you are changing jobs But what is so interesting here? Okay is you back it up to last March? Okay? Here is last March now I'm gonna ballpark here last March if you change jobs You had a 15% pay raise if you stayed in the same job you had about a what? I'm ballparking here somewhere between five and ten a little bit under the halfway point there. We'll call it seven percent You add seven to the five you have now, and I'm not even compounding the five on top of the seven I'm just adding the two if you stayed in your job for just the last two years You have a 12% pay raise folks. Okay, if you're making a hundred grand you're making a hundred and twelve grand Okay, if you're making fifty grand you're making what fifty six thousand dollars. Okay? Substantial pay increases just for the last two years. That's going back to March of 2022 I Have to check myself. No, that's two years ago. My goodness. Look at this. I went two years. This is remarkable, man So yeah, that's two years even a year ago. I was going back two years That would be a three-year number man. So two years ago was at about seven percent as well three years ago Yeah, so a year ago. Excuse me. I'll rephrase a year ago It was at about seven percent two years ago It was at what seven or eight percent you have to add them all up So even if you stay in the same job folks and you go back, you know, what would be two to three years You're talking about seven plus seven plus five You're talking about a 17 pay increase for people staying in the same job And i'm not even going to do the numbers if you're changing jobs because that one's not as fair Because you're not changing now of jobs every single year, but guess what those changes in wages for job stairs Add them up five plus seven plus eight maybe Yeah, you're talking about what almost a 20 percent pay increase Just over the last two or three years when people are just staying in the same jobs Now what is so remarkable about that is this five percent pay increase Is on top of the eight and the seven that they got in the last two years pay attention to these numbers, man And look at the rise. That's not supposed to be what's happening, man 10 percent if you're changing jobs, we have an uptick going on right now Try and make the case for cutting rates when you're talking about Wages still accelerating yet again. That's not what the fed wants to see man Not what they want to see at all And that's a nice segue to a little bit of fed speak at land to fed president postix He's only one fit one rate cut this year occurring in the fourth quarter. Yeah, that was just hitting the tape when I came on There it is as it expands. He was on cmbc Uh, the central bank official said strong productivity a rebound in the supply chain and a resilient labor market are indicating that inflation is going to decline Much slower than what many have expected the quote there if the economy evolves as I expect and that's going to be seeing continued robustness in gdp unemployment and a slow decline of inflation through the course of the year I think it would be appropriate for us To do start moving down at the end of this year the fourth quarter We'll just have to see whether the data comes in so as I said, we hear from the fed president Chairman I should say paul today. We'll see if he reiterates some of those comments But on the heels of that on the heels of some hot wage data on the heels of some pretty strong economic data as well Yeah, we got yields now at rising yields In a market where rate cuts keep getting pushed back and I think it's a legitimate case How do you make the case that we have to cut multiple times we've got wage going up 10 and 5 percent Stay tuned folks. We're coming back with our man kevin x from schlopp network fast market. 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 Steve Rhodes 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 This portion of the morning market kickoff is brought to you by directions daily leveraged and inverse ETFs Whether you're a bull or a bear you choose the direction visit direction.com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage And actively monitor their portfolio They are not designed to track the underlying index or security for more than a day Before investing carefully consider funds investment objective risk charges and expenses contained in the prospectus available at direction.com Read carefully distributor four side fund services llc Welcome back folks. We get the s&p futures negative by about 13 points right now trading at 52 47 We get the 10 year down about 10 ticks at 109 13 on the thinkorswim platform That's got about a yield right now about 4.41 percent to talk about some of the jobs data this morning the market action Let's jump over to our man, kevin hanks every trading day folks 12 noon eastern time from the Schwab network right here on tiger tv fast market with your host kevin hanks and tom white And we got another fast market this morning and we got wages kevin in those numbers of adp. They are rising man. Good morning Good morning. Tommy. Yeah, if you look at What we looked out from the adp report was more leisure and hospitality jobs 63 thousand and The median annual pay level of job On job changers now job stayers median annual pay level 59 thousand dollars and up 5.1 percent, but job changers up 10 percent That combined with some comments out of rafio box so far this morning Have yield higher have the dollar pretty much unchanged I said the dollar was a different story right now because of Very loud comments by the bank of japan saying they'll support their currency, but Looking at the overall rock rafio boss making comments that sees one Rate cut this year and it's fourth quarter. He doesn't see The mark of hitting two percent target till 20 20 Taby so some interesting comment out of rafio boss who's frankly becoming a very high profile member of people Please stop coming out of the atlanta fed this morning I I appreciate your take on those two stories. Those are the ones that probably hit me hardest this morning as well In terms of the impact those wages I had it up on a chart as you were talking there and boy talk about an uptick on those wages now You know you back things up into the middle of 2022 and you had job changers at 15 percent You back it up to basically a year ago. You were just under 15 percent But we just had numbers that were far below 10 percent So you're talking about an uptick on job changers and boy if we get an acceleration and wages Very difficult in my opinion to maybe make the case that we need those rate cuts It seems like it's been a constant battle man. We've talked for so long the market gets ahead of itself Things get reprised things change over a period of two to three weeks And now we're seeing that conversation shift yet again and we go forward from there. We'll see where we go Uh We got some different equities with movement this morning. I know we're kind of in a little bit of a lull, of course We just kicked off the second quarter. We're april 3rd coming in But do you guys have any individual equities kevin that you're talking about coming up on fast market at 12 today? Oh, did I lose him? Where are you? There he is I got you kevin go for it We got a tough connection. I think this morning We're fighting we're fighting maybe All right, we'll see if we can get him back All right, I think we lost him folks. Check it out. They're gonna be talking equity as you know, they are We got some equities moving today. We'll see if we get it back here But yeah, check out that chart like kevin was talking about man How about that number 10 for changing wages for job changes and as I talked about in the beginning of the program Pretty remarkable when you start compounding the number over a two and three year basis Listen, it's the same deal we're dealing with with inflation, right? People tell you the grocery bills You know, they feel like they're 30 35 percent above where we're at Well, they are because you're pricing it versus what three or four years ago Okay, we were having a conversation in the den a few months back and I remember my dad was doing his program So how long was kovat? It was three years ago. No, it was four years ago four years ago kovat hit man Four years ago and change now, which is just remarkable Maybe you had one year where the inflation wasn't going up but a year into it man You know, you back it up. Look at these numbers, right? Basically, we've been dealing with three years of rapid inflation those numbers have come down You can probably make a legitimate case then inflation might be in the three percent range right now That's going to vary depending on who you ask Uh, but that number in terms of rising you're talking about a 10 percent number right now And boy, you add the 10 percent for job changes and just even staying with job stairs, right job stairs So there's remarkable when you add the five percent we're at this march You add the seven percent where we were at last march in 2023 and you add what an eight percent number You were at the march before that eight plus seven plus five is 20 percent wage rises just for people In the last three years Staying in their jobs and you could probably make the case that hasn't even kept up with inflation Which is the most remarkable point of it all All right, we got a caller. We got our man. We love to hear from him in the mornings. Mike from Somerville. Mike. Good morning. What's happening, brother? Tommy Tommy Tommy I love that voice. What's happening That your buddy's losing his voice. I know I know it's still I love it. I love it. I'm always it's it's you got a great you got a great accent great voice great energy, man Uh, I can hardly tell I can hear it a little. Hopefully you're doing well. What's going on this morning, Mike Well, Tommy we got Eric out there listening again as always and he had a nice little streak there Yeah He had a nice streak, but uh, we're calling to ask about what your feelings are on nvidia Well, that's an easy question only only everybody in the whole world wants to know what navidia is going to do Uh, boy, you talk right you talk about a stratospheric run, man holding up really well at 900 bucks I mean, how do you make the case? To to go against navidia, you know, that's the tough deal, man. I saw it pop up here for my producer sending it over Um, what's what's your man? Eric looking to do? Is this a short term trade? Do you know are you looking longer term? Is this something that you're looking to move out? You know a sweet nothing but short term trades, buddy He's got nothing but short term. Okay in his 401k, but any time you always yes. There's definitely a short term trade Well, let's you know this the small caps on the 401k I'd be a little bit careful of that one, man You know, I understand the the theory in terms of you know, you're underperforming there Maybe you get a little bit of rebalancing and the The small caps. I'm just jumping over before you do it. You know, we're well off the highs I love it. I love it to me two for one there. I love it two for one You know, I've heard my dad talk about it before and it's a great point You know, it's like how do you get away from the companies that are crushing the world right now? You know And that's what you kind of do if you go into the small caps So keep that in mind and they've had a heck of a run from 1638 to above 2100 But the the future is seems to be these bigger companies, man And there's no bigger company run the show right now than the video And I think we're at the forefront of everything now with that said, okay What is remarkable here is that I've had this on my chart for a while You started a to b c to d basically at the end of 2022 on the video you're at about 108 You come up to the b-point in august of 2023 about a nice round number of 500 So you got a 400 all around from 100 to 500 You don't even do a 3a2. You basically just pull back a 236 You pull back to about 400 bucks and then what do you do you trade up to 900 now you trade up to 974 Which is absolutely remarkable Hang with us for the break. Can you hang with us? Okay, we'll finish up the conversation on the video folks. Stay tuned. We'll be right back with our man Mike from Somerville. We'll be right back from the opening bell. Stay tuned Are you ready to take charge of your financial future TFNN is your gateway to the world of trading and investing Whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at TFNN We're so confident in the value we provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today TFNN educating investors If you spend any time online researching trading techniques on how to begin your trading journey You've no doubt come across many folks who push forex trading as a way to make big money quickly Unfortunately, there are equally as many stories of these so-called forex professionals Just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market This is what sets teddy kek stacks the tiger forex report off the riffraff Every monday former chicago mercantile exchange member and author teddy kek stat releases his tiger forex report newsletter Where he dives into the complex world of forex and takes time to actually teach you his methods that have made him so successful In the fast-paced and rewarding world of forex trading Furthermore, all subscribers receive access to archived live streams of teddies where he provides university level education to help you in forex trading All first time subscribers receive a 30 day money back guarantee. 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Luckily, you don't have to worry about that as tom o brian has brought all important market news to you in one single newsletter market insights Market insights provides a daily overview of what's happening in the indexes bonds gold and more Follow along with tom daily as he analyzes the components that affect the overall movement of the stock market Giving insight into how each one plays either a bullish or bearish role tom also analyzes specific equities that he believes has the potential to make huge returns And his track record proves his analysis right All first time subscribers receive a 30 day money back guarantee. So what are you waiting for? Don't let the market leave you in the dust 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 Folks we got the s and p is negative by 10. We kick off the trading session We're talking with our man mike from summerville and we're talking the hottest stock in the world man navidia So mike jumping into this man So, you know the point of that a to b c to d is boy You have quite an extension pretty remarkable that you've actually accelerated above that a to b c to d point Which would have put yet almost uh 800 no that brings you up to 974 now on a weekly basis, okay The week of march 4th. We did about 346 million shares. That was the spike high of 974 Following week march 11th. We do 322. So you kick it off the spike highs 346 million next week 322 Next week after that is 288 the next week after that is 208, which was last week That was a shortened week, but even if you take the average of the days and multiply it by five You're still doing 260 million. So again, you go what 346 million shares 322 288 260 declining volume numbers as you're kind of teetering up here And what do we have happening? We got yields man and yields seem like they are going to be staying high for some time And that's going to be um Headwind against some of these growth equities. So I like it man. I like it on a short term basis You know, it's a it's a it's a high risk trade. Of course shorting a stock like navidia. Hopefully eric knows that I bet he does Um, and yeah, but I like it, you know, it's because you look at those volume numbers You factor in the yield numbers right now And yeah, we got a little bit of market weakness right now We got a little bit of a rollover going on right now in this market And you know on a longer term basis. That's why I asked I can't imagine betting against navidia Because it seems like we are at the forefront of some pretty remarkable accelerations in ai But on a short term basis and with what's happening with yields Yeah, I can see the the basis and when you add the volume numbers in there I mean, I just got it up on a thinkorswim platform and it's pretty obvious You got declining volume right from the spike of 974 and so we'll see where it goes But you know, I would I would make sure you got to stop in there Because boy, these things are just through the roof and you never know when the next run is going to be on a stock like navidia Man, you could be at a thousand in a heartbeat. Yeah Tom, what do you think about the semis in general? You think um, I mean, we're we're you know, we're Astronomically high here. I think We we are and that's on a short term basis. I completely agree with you But the exponential growth right now that is going on when it comes to chips and the the demand for chips across the board it's it's Very difficult and this is myself not everybody else not you it is very difficult for humans in general To understand grasp and comprehend exponential growth. It just is such a phenomenon when you're doing it That's I I I feel like on a on a medium to longer term basis, man There the things are going higher now Taiwan semi, you know, they're dealing with the earthquake going on today And it's pretty remarkable even with the earthquake going on over there Taiwan semiconductor is not even negative this morning, Mike, which I think speaks volumes You catch a bid you were down to 138 on the open from about 140 and just like that You actually have Taiwan semiconductor flat on the session. They're down by 10 pennies And that's what the s&p's off by nine and the naztac 100 off by 70 So, um, yeah, I'd be careful shorten. I mean every story. I'm reading man, right? It's like AI and folks get your head into AI because it is going to change the world And it's remarkable when you think about I mean Mike think about where we've gone in the last like 25 years or so from 1999 where the internet kind of starts to take over right Everything I'm reading from from from the smartest people out there are saying the next 20 years are going to put the last 25 years to shame in terms of the changes that are going to occur Because yes, the internet changed our lives But AI is going to change it in ways that we haven't even comprehended in terms of what is capable And so when I do that when I look at You know, I was reading an article about Taiwan semiconductor on my program on monday talking about the gentleman that founded that company He started it at the age of 55 and just talking about where they started Transistors and where they are now. I think intel the first one had like 2000 transistors And now the most recent nvidia chip has 200 billion Transistors, um, how would how would the human mind can't comprehend? That number, you know, we can't comprehend 200 billion then the mind can't comprehend it, man It's just too big of a number and then that's per a chip that's per a chip and imagine the production that is going on When you got 200 billion transistors per a chip So, you know longer term basis, man, and there is going to be extreme volatility So, you know kudos to eric. I'm sure he's looking for some volatility, man. You're gonna get it That's for sure on a short term basis. Yeah, you're gonna have some wild swings, man And we've seen it already happened. You know, you saw what nvidia did Um, that was one of the greatest short opportunities when we came into the highs of 2021 This thing was trading at 346 and came all the way back to 108, right? So don't get caught up in that thing But when you look out years Yeah, I think it's going to be a change that we uh struggle to comprehend right now And I think the semis man on a longer term basis. Yeah My famous my famous nvidia trade was broke for three months ago when I sold it at 510 And I made a lousy probably $10 on it Yep Hey Nobody could listen and that was probably like bumping up against the highs of 2023 when the stock went from 100 To yeah, right about 500 and the most remarkable thing about this mic too You make a great point from the market lows of 2022 in nvidia, right? That was october of 2022 at 108 You catapulted to about 500 in august of 2023 So that was about a 10 month run that this thing went from about 100 to 500, right? And you can make the case that that was like a run that was stratospheric, right? Well, what did it just do? It only went from october Of 400 it only took till the beginning of march to get to a thousand So somehow it dwarfs the run that it had from october to august which was its own stratospheric run So on a short term basis. Yeah You might get a little I was in late stage of that october run when it got to 510 You know what I mean thinking that was high, you know You made you made your money. You know what I mean? Four days I think you I think you made an okay call there man, you know I mean, that's where you're never smarter than the market and that's why on a shorter term basis Yeah, I can see maybe a little bit of volatility here To the downside because boy this run We're in a little bit of euphoria right now on the ai run for sure It's going to take a little bit of time the world is pricing in some dramatic runs But on a longer term basis. I think that it's very difficult and I always try and keep this in mind Because it's a great point folks overall in mind the human mind struggles to comprehend exponential growth So keep that in mind when you think on a longer term basis that you can grasp where we're going Over could you imagine telling somebody mike like even, you know 10 20 years ago that Companies are going to be producing chips that have 200 billion Transistors within a single chip. I don't think that that's something that you'd be able to comprehend So imagine where we'll be All the time about all aspects of life like you just said it's a good thing to keep in mind Not just about it. It's it's about everything like we said it is you can get into where we were 20 years ago I mean, I try and imagine mike where life is going to be like when my son is my age That's 40 years. Whoo, baby That's exactly Totally You gotta buy a stock and hold it for those 40 years, right, buddy? That's what you gotta do Compounding man. That's that's that's that's how exponential growth occurs. You compound it and um, we all see the benefits of it So you're on the right path, man Send Eric our best real quick thing. I'll let you go. We have got a fidelity account She's got one cheer one cheer one cheer one cheer, right? And that's that's it. You know, I mean at least you That's it. You know what I mean? Get it done. Don't touch it, right? Make sure you're in there and let it run, baby Mike have a great one, man. Great to hear from you Stay tuned folks. We're coming back with our man. Teddy keg stat for a good conversation. We'll be right back Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing Whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems Strategies and techniques. It's time to protect and grow your money with insight You can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets At TFNN, we bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at TFNN, we're so confident in the value We provide that we are for a 30-day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk. So why wait? tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today TFNN educating investors Many trading newsletters attempt to focus on a narrow set of equities or commodities While this works for some it oftentimes misses many opportunities that possess huge gain potential But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? 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You can check that out for only 97 dollars a month You got issues each week on monday morning updates throughout the week when warranted as each newsletter We have folks 30 day money back guarantee you got nothing to risk and it is a great time Man as we've got things rocking yet again as we talk to our man teddy teddy kegs yet teddy kegstad. Good morning Good morning. Lots of good moves and a little bit of divergence coming up today What do you want to talk about first? I want to talk about it all man. Where do we kick things off? So maybe maybe on the yield conversation. We got some private payrolls, of course this morning yields You've you've taught us so well You know such an important component, of course with where currency drive seems like at least In the u.s. That the trend is we got some higher yields, man We got wage data that is accelerating. We have you know some fed speak out there today The conversation seems to be shifting yet again with maybe less cuts than the market's looking for and we got the 10 year now Above 4.4 percent. Maybe we kick it off there Well, I have to say I guess I got it right, huh? For months I've been going against the news and the media and everybody calling for you know Multiple rate hikes at one point they were looking for seven cuts rather You know and then it got dropped down to finally three which then got pushed out to the summer And now we're going towards and I've been saying I'm like, you know Before you get to gung ho on all these rate cuts, you know, you got to follow the economic numbers and the reality is Inflation never left and it's kicking its heels up in a big way And I think it's going to really come roaring back over the course of the next like six months for sure And if that's the case, you know a quarter point, let's say that they even do two cuts We've had this conversation a point a cut one already a quarter point for sure is factored in the market already but almost two Quarter points, which means almost a half a point if that's the case We only really have we've already set the ceiling which means that you if you wanted to refinance You got your shot already. You're not going to get a better shot, you know So get back to that reality and that means that higher yields lower pricing You know, it's going to be a big deal It's going to probably shore up the dollar a little bit and that's you know without the you know It's just being market driven. That's without the fed doing anything, you know And the fact that they're becoming less likely to cut as much as was originally expected by the consensus That means globally that the central banks are all going to be looking at that It's going to have an impact on a lot of currencies. It means now like For instance the u.s. Dollar Japanese yen, you know oil is making making new highs yields are now Going higher once again. Oh, it's the boj going to do even if they intervene How much of an impact is it going to have on the end not much Not unless they go on a really aggressive tear with raising Rates and I If that happens the empire is definitely crumbling, you know over there So and I don't think that's going to be a a topic of our conversation in the future You know, I chuckle a little bit, man But you've had some great calls outstanding kudos man because this market as it plays out It is pretty remarkable how The market has gotten so far ahead of where it deserved to be and hide side, of course is 2020 But it is pretty remarkable that as we continually shift forward three and six months The conversation just keeps changing and those cuts keep getting pushed back You had rafael bostic saying one cut at the end of the year right now And like you said, I mean, where do we go from there, man? And that waged out of this morning 10 percent for job changers We're still above 5 percent for people staying in the same job And that's off of numbers over the last couple years, you know, you're doing 7 percent You're doing 8 and now you're still doing 5 and those 5 percent numbers are based off of the numbers of last year Which are up 12 or 13 percent over the prior two years from that and so it's it's pretty remarkable We got some hot job jobs to add a little bit today and we get that big number on friday But yeah, and uh, I appreciate you jumping to the yen. That was going to be the next one We are now above I got it up right now in the thinker stone platform as i'm talking to you We're almost pushing highs that we saw a week ago when I was talking to you And you had the drop off from that high of 151 97 about we dropped all the way to 150 102 on my chart And we are right now back at 150 192 that entire drop off gets wiped out for people looking to the yen I know you've given us some of your analysis. You always do a great job in the tiger 4x report, man I always make sure I check that out on monday mornings for people watching the yen I know it's an important component pretty remarkable what gold has been doing even with the yen where it is But obviously more components in gold than just the yen But what are your feelings kind of risk reward right now as we're approaching some of the weakest levels We've seen and you laid out the case but any price levels for those traders out there looking at the yen Yeah, I can see a spiking around the 153 half area Right now today. We're making new highs now. There is a little bit of divergence going on today You know, um, you got to realize that yields are rising oils rising, but the dollar index is pulling back today You know the euro is up, you know, so I mean and this is off of the you know, it's I look at it as a profit-taking move, you know The trend no matter what you you're coming off of new highs in the dollar index meaning new lows in the euro You as dollar off of yesterday, you know, so I think you're seeing as a profit-taking move So I'd be careful. You know, I said this before like Um, I I'm bullish the US dollar yen. I'm looking to buy breaks on it I'd be very careful selling above this area, you know I'd be a happier seller at 153 half and I would be at right now at 150, you know, 193 152 You know, I think you can get squeezed that way, you know, if you're going to try and fade that market I would be very cautious with that if you're going to do that try and high ball it more than low ball it you know, um, and as far as you know Being a bull, I'd look to buy breaks and be careful buying the area where you're at because you're in the chop zone So you're you're you're it's all about your time value of money there where you can be up a little down a little You're going nowhere with that position, you know what I mean? So, uh, if we get back down towards the 150 area and especially if yields are still strong and oil's high It's a great buy, you know, that's where you want to look at it Then you can look at it as a profit-taking correction and look to buy, you know For some solid support there and then maybe trade in the range I think we're going to be probably trading in a range with the yen between 148 and 153 over the next few months Unless we have a major move in interest rates or oil So if we see oil above 100, you know getting to 110 and if you see yields really pushing, you know higher levels Well, then you can see the yen up at 155 156 or even 158 and over the next few months Then you're going to probably have boj intervention, but once again, what is kind of impact is that really going to have? Yeah, it won't have any especially with i'm sorry with ours, you know being pushed out with our fed No, I was just going to say you can't be bigger than the market sometimes like you say man No matter what they do if the forces are behind it Uh, I love the way that you give us those exact clear levels for um, teddy. It's great, man And you jump to crude. I just want to get a little take man crude talk about higher prices, man We've been talking about a bit 85 77 You gave some of those numbers right there in in the yen and I know you even last week You walked us through so well the fundamentals of that crude market You referenced it right now talking about the yen the dollar etc But any price levels for the crude traders out there as we're looking at a higher highs and higher lows Basically since the end of last year right now Well today we hit our upside target number one We had the critical resistance zone that I had in the forex report that we were bobbling in the last week And a half over the past few sessions We've gone from the bottom of that band all the way up to the top part and breached it yesterday with the clothes above it And now we hit this target. It's a strong area if we get above one basically 86 bucks. We're going up to 91, baby I love it folks. Check out the tiger forex report. You heard the clarity that teddy delivers, man Teddy, thank you so much for the nine minutes, man. I look forward to talking next week, brother Take care, Tommy. See you next week. Have a great one folks. We'll be right back. Stay tuned Hi folks, this is Tom O'Brien. It's the 22nd anniversary of the gold report. Can you believe it? We've taken 22 trips around the sun together and we have many more to come This year alone the gold report has returned over 50 and I want you to come along for the ride I provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities For a limited time, you can save 35 off the monthly price for as long as you subscribe 35 savings will be applied to the current monthly price and it will stay with your subscription forever With gold pushing all-time high as gold equities trading higher and inflation still raging This is a great time to try my newsletter the gold report First time subscribers get a 30 day money back guarantee. So you have nothing to risk Just enter promo code 22 years at checkout and you'll see the 35 savings applied to your subscription price And this deal will stay with your subscription for as long as you subscribe Don't forget just enter promo code 22 years at checkout Steve Rhodes 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 The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tfnn we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk free with our 30 day money back guarantee Just visit the newsletters tab on the front page of tfnn.com 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 We get s&p's off by five nasdaq 100 negative by 55 You get the dow up by one gonna be a big day for disney as they're voting on uh a few things in terms of whether they change up in terms of the board etc Disney off six tenths percent stay tuned for news from disney potentially today and yeah, uh taiwan Hopefully harko's out to them keeping them in their thoughts man Just the humanity perspective little on the chips 7.5 quake man last night I was in my office just taking care of a few things maybe like eight nine o'clock at night the news hitting Watching some of the videos absolutely remarkable some of the visual visuals out there. Look at these buildings man It's absolutely remarkable some of these videos and visuals that are going on out there Taiwan quake puts world's most advanced chips at risk But nonetheless right you get taiwan semi as I was discussing with our man mike Actually flat today as you get the market a little bit negative They bounce back for taiwan semi and you heard the ad folks The gold report check it out in the front page to tfnn that sale running through this week alone We sent on email over the weekend. We included even an email on monday with this week's gold report just for everybody If you didn't get that folks feel free to send me an email We'll send it along it went out to everybody but tommy at tfnn.com is my email address This is a glimpse of some of the positions that were in there as of last friday Okay, now it's been a heck of a running gold, of course Okay, all of these equities above where they were as of last friday's close You're talking about 16 percent 11 percent almost 70 percent 12 percent 35 percent some big numbers folks And it is not too late in that gold market man. I mean look where the dollar yen is right? Imagine if you get a shift here imagine if you get some dollar weakness in the mix Let alone the run the gold has had you almost have the yen at the weakest level you've seen What was the number since like 1990? I think that is 1990 You got yen weakness and it's approaching again that 150 197 price point man. You're at 150 192 We probably hit it today. We'll see where it goes. You see those numbers teddy was talking about right 153 153 and a half and uh great conversation with our man teddy as always folks Even if you don't trade forex check out the tiger forex report You can learn so much from what teddy's talking about whether it's currencies yields dollar It is Everything we do 90 days. I suppose the 30 day money back to you Even like report special folks lock in that 35 saving stay tuned We got a man basal Chapman He's coming up next with the tiger technicians hour and I'll see you tomorrow folks. Have a great wednesday everybody