 Welcome folks, this is Tom O'Brien of TFNN. We have 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. It's making a great night, folks. Create new agreements based on respect and love. Take the responsibility to make new agreements with those you love. And if agreement doesn't work, change the agreement, create a new one. Use your imagination to explore all the possibilities. Mug and wise, let's take a look at it out here. We have the Dow Industries down 34, Nasdaq up 70, S&Ps off two and a half. Gold, gold contract up $51.70 trading in 2018 and ounce. We have silver up 38 cents, $23.17 an ounce. Light Sweet Crew down a buck 50, trading at $69.41 a barrel, notes and bonds. Ten-year note, up a full point plus two ticks at 1605, the 30-year, up 31 ticks at 13130 and King Dollar. King Dollar trading up 127 ticks at 102, 475. The euro is out here at a price point of 108. The yen is at a price point of 130 and the British pound is at 122 to one US dollar. Our phone number is 877-927-6648. It was a call folks, wanna know what's going on in your world and the world of the S&Ps. Let's take a look at about you. This is just as good as you can get folks, okay? When I just did the update, you know, the S&Ps, you gotta see this man. I mean, this is about as great as you can get and when you're trading. Bottom line is as doing the update, the S&Ps were down at that 39.50. It pops up to 39.93. So you popped 40 S&P points and you gave up another, let's see, 90, we gave up another 15 just as quick. Bottom line, this is a market that wants lower price and I expect it's gonna get lower price. They just reloaded. That's all they did right there is reload and let's just take a look at this. I'm curious as they hit the 382. It went over the 382 to the 50. You know, bottom line, the expansion contraction Fibonacci sequence folks, okay? Hits beyond belief in fast markets. Just does, I have no idea why it does, but guess what it does? Gold, let's go take a look at the gold contract out here. We take a look at gold. What do we have with gold out here? Gold is testing, it wants to test the highs that were generated out here a couple days ago. So if we take a look at this, what you're gonna see in the gold market, you're coming up to the way over the, you're in a new range number one. You know, anything over 1,083 you're in the range, the high that it's going after right now is the 2,031. Right now, you're at 2,015. We go into the, I mean the currency market, this is what it's all about, man. The dollar is running things once again. Let's see, that's the dollar, and I'll get me get here. Okay, so the dollar rejected lower price and it was right back to where it came up the last time. It added strength, the low when it came off that low was 1,015,46. Today we hit 1,019,15 and then it took off and we're at 1,025,03. Now, what you have out here today, yelling once again, what that pop was about also by the way, that was about yellings, they just released yellings testimony that's going on this afternoon and she's back again saying, here's a deletion, let's see, okay. Okay, so here it is. As I, this is what's deleted from yesterday. As I said last week, the US banking system is sound, the federal government recent actions have demonstrated that the resolute commitment to trade the necessary, to take the necessary steps to ensure that deposits save and remain safe. The new paragraph is that as I've said, we have used important tools to act quickly to prevent contagion and they are tools we could use again, the strong actions we have taken to ensure that American deposits are safe and certainly we are prepared to take additional actions. Now, let me show you this, man, you gotta see this. Let me pull this over, I wanna thank Jacob for putting this together for me, so where do you see this? Now, this is going to be the new deal, folks. And what this is, this chart, if you can see this chart, I've laid this chart over the, maybe I can make it even bigger. Yeah, I can, okay. So this chart here, they're worried about the regionals and they better be worried about the regionals because now this is a JPMorgan chart that came out with this, okay? But this is like so insane, it's unbelievable. When you're looking at this line, this is commercial real estate, this is lending and commercial real estate. Now the difference, this is what a difference is. You had the Silicon Valley bank, they get treasuries, they run into water, bad trade, the whole ball of wax, right? You have the First Republic, bad trade, they're in municipals, right? See this, the blue line? The blue line is lending to commercial real estate loans. Now the bottom line is that things have changed so dramatically since COVID that this is a huge problem. The blue line is the amount of loans that were done by regionals, okay? This is what's that, that's in the trillions by the way, okay? The large banks, look at the large banks down at the very bottom. The large banks, man, are not there. This is gonna be, no, not going to be, this is the problem. This is the problem that the Fed knows, the Treasury knows. These loans here are into water, man. There's no way they're not, they're into water. That is the canary in the coal mine. So this thing is just starting. It's not over, it's not even close to being over. Our phone number is 877-927-6648. We take a look at some of the higher volume equities out here, and what do we have? We have Block, Block got hit by Hindenburg out here today. That's down 11 and a half dollars. You have First Republic, that's down 67 cents. NVIDIA's up 485. You got Coinbase, they got hit by the SEC. That's down 11 dollars. Inside the NDX100, the Stripe versus the weakness inside of the NDX, what do we have out here? So you have Netflix is up 7%, Regeneron's up five and a half, Micron Tech is up four and a half, and Marvell Technologies up four. Taken away from it. PayPal down three, Dollar Store down two and a half, Serious Satellite down 2.3, and Marriot off 2.3. Inside the Dow Industries. We're talking about a spread inside the Dow Industries. This is pretty about as tense as you can get. Dow Industries out here, we had a high today of 32,511, a low of 31,866. How's that for a spread? Point wise out here, what do you have? Microsoft putting 29 positive points, Amgen 13 taking away from it. United Health 46, Travelers 18. Stay right there folks, we'll come right back.