 It's a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Alan Homeless Asa. Hey, Al, what's going on? Isn't it wonderful? This gentleman here with the gold report, right before the market fell apart, ended up with PAAS. We have a 98% gain in the year. And, I mean, we want 99% proof like Irish whiskey, but we have a good gain there. You always told us to do what we feel comfortable with. And if I lose a little bit of money on the table, I will. But I know that I just pocketed $8,000 or $9,000 in two weeks. That's a beautiful thing, man. Now, Tom O'Brien. Welcome, folks. We have the Dow Industries right now trading up, well, let's read out the card. I know, without my growl, I get a little discombobulated here. We'll get that growl next week. I'm getting there, though. To master love, you have to practice love. The out-of-relationship is a whole mastery, and the only way to reach mastery is with practice. To master a relationship is therefore about taking action, not about attaining knowledge. Market-wise out here, let's take a look at it, folks. We have the Dow Industries down 149, Nasdaq up 33, S&Ps up 7.5. Gold. Gold contract down $13.80, trading at $18.64 an ounce. We have Silver down 34 cents, $22.39 an ounce. Lightsweak crew down 99 cents, $90.73 a barrel, notes and bonds. A ten-year note, up five ticks, trading 108 flat, 30-year up six ticks at $1.1322, and $king dollar. King dollar right now, where are you, King dollar? You've been all over the place, man. How does this happen when I get there with us? King dollar down 79 ticks at 106, 144. The Euro 105, the ounce trading at 149, the British pound is at 122 to one US dollar. iPhone numbers 877, 9276648, if it's called, folks. I know it's going on in your world. Now, in the world of the S&Ps, let's take a look at them. What do you have? Well, when we take a look at this S&P, what you're going to see is that we came right down to the breakout area yesterday. You did reject lower price at the 422 area. Yeah, and I had big volume there. It had 104 million, and you were going into 88, couple days before that, you had 118. That being said, bottom line was that we bounced off it. Now, we ejected 425 this morning. And you're going to have some decent volume. So it's telling me that we get a bounce on, that's for sure. Now, we'll see where that bounce goes. We get a big gap that's laying out here at the 430 area, 438 area, actually, 438. Yeah, the 438 area. Let's go take a look at the E-minis intraday, because where this dollar goes for the next hour is where this S&P is going to go. So if we take a look at the E-minis, what we have, that was a good bar. This last 10-minute bar is a good bar, man. So if I take this and go from highs to lows today, we just did a 0.382. It just spiked it. See, there wasn't any volume on the way down here today. This is what's interesting. Probability is that you're still going to try to get higher. So let's go to the note-mon market first, because the note-mon market is correlated with the dollar. So if we take a look at the 10-year, you're going to see the 10-year, 1.8 million contracts. Not holding price that well, though. We got to $108.14, and now you're at $107.31. So that doesn't look to me. That can press in. So the high of yesterday, the high of the low is $108.08. No, yeah, $108.08. So if you dig into this again, let's say that bottom can get tested, then let's go over to the dollar, because the dollar's the number, man. It's just pretty amazing how the currency is running everything. Well, it makes sense, because the interest rate structure is what's actually running it. That's keeping the dollar strong. So we take a look at this dollar, but you're going to see. This is what you want to look at, folks. Now, I'm giving you this on a weekly basis, but this is going to be the number. If you take a look at it, what you're going to see is this. You have two different areas. Mark both of them. The first area, though, is the area that we actually went into this week, which is the low of the downdraft. And that downdraft was pretty dramatic. We went from $113 to $106 in one week. So just like an equity, this is the currency, but just like an equity, when you do that, you have that type of price spread. I mean, there's a monster sell out there. So the bottom of this is $106,281. We're at $106,162. So $206, what am I talking about? $106,281. Yeah, $106,281. If you close below that $106,281, that would be a failure in price. And that would be saying, OK, that's what we're trying to do the whole time. It failed, and we'll see whether they get any follow-through next week on the way down. If you don't fail there, if we close above that, then that swing point's going to be game. And the swing point above it isn't to that $107. It's been relentless, though. There's no doubt about that. We take a look at, let's go over to the oil market and take a look at oil. So CLA. Oil contract out here, you got a high of $93 today, a low of $90. You get 322,000 contracts. Well, I don't think this is done yet. It's a close call, but I don't think this is done yet. You had high volume all the way up to almost 93. You had a lighter volume yesterday, but you'll be pulling back with light volume compared to what it's going into. That's how this is set up. Inside the NDX100, the strength versus the weakness, you got Walgreen boots is up 5.5%. Micron's up 4.5%. Let me just look at Micron, because I think this is just a dead cat bounce. My Micron was the one that was down bad yesterday. Yeah, Micron was down with volume yesterday and monster. So that's just, they caught people on the wrong side today. That's all that is. So you got aluminum's up 4%. Z-scale is up 3%. Taken away from it, the Sirius satellite is off 3.7%. You got, oh, Banker Hughes. Banker Hughes off 3%. Let's look at Banker Hughes. It's becoming interesting. If they start smoking these oil stocks, that's going to be a heads up. Yeah, that's down with light volume, though. Stay right there, folks. We're coming right back. And bottom line, folks, OK? We got our man, Mr. Peter Bruno. Peter is going to be doing a show on TFNN. It's going to be Wall Street Money Hour. And Peter has been in this business a long time. He was actually on the same station I was on for, like, 20 years in the West Coast. Peter and I are coming right back, folks. Stay right there. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds, as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, Forex strategies, and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful, active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. 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If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. Welcome, folks, so we have the down-industrial is right now trading down 130, and Aztec has up 34 S&Ps down in the six and a half, and I wanna welcome our man, Mr. Peter Bruno, to TFNN. Peter is gonna be doing the two-to-three hour at TFNN. Peter and myself were on the same station over in West Palm Beach for about 20 years. Peter Bruno, welcome to TFNN. How you doing? Thank you very much, Tom. Thanks for having me, and I'm very excited about doing the program come Monday between two and three, and I'm not gonna be sleeping this weekend. You are too funny. Say, so hey, let me ask you something. I know, you know, folks, see, you know, it's really intriguing what has happened in radio in general, okay? So Peter and I have been doing radio for a long period of time, and there used to be a lot of business stations, and now there's no business stations. It's pretty amazing. And the business station that we're on in West Palm was one of the best ones in the country. You know, so isn't it intriguing, Peter, how the whole deal just came down? I mean, and then, you know, I mean, you know, drive time in Yacau was a great deal, but guess what? You know, as soon as the streaming kept getting bigger and bigger, that's a whole different world, you know? That's certainly amazing, and those stations are no longer in existence. Right, none of them are, I know. So tell us, you know, what do you, you know, the name of the show is the Wall Street Money Hour, and what are you gonna be talking about? Okay, well, let me, I'm just prefaces by saying that a view is to this Wall Street Money Hour will be seeing something that is different from anything else that they've ever seen in financial broadcasting or analysis, okay? Something I created some 50 years ago. Yeah. And Tom, the way it was created, and sometimes a simple idea becomes a giant of an idea. When I was out in New York as a teenager, there used to be a weatherman, a meteorologist on NBC. This guy was unique because he had a handlebar mustache. Okay. And he would say at nighttime, tomorrow's gonna be sunny day, 90 degree temperature, and I would be there at my towel ready to go to the beach and open the front door and I'd be thunderstorms. Oh my God. I said, how can these people be so long? Yeah. And so I said to myself, you know, if I was able to take the Dow Jones industrial average, the history of a hundred years and put it into a cyclic format, I would be able to do the same thing these meteorologists do by identifying directional movement of the stock market, the way these meteorologists look at charts and look at hot fronts and cold fronts and rain and so on and so forth. Sure. And of course, throughout the years with technology, we've gotten better and better and better. You know, I'm in a car with my wife and she's looking at her iPhone and she says, you know, we better get home because it's gonna rain in 10 minutes. Right. Okay. And no sooner do we get home, thunderstorms starts raining. That, you know, there's no doubt that, Peter just said that I love that aspect of it because even, you know, when we're all boating, it's really dangerous when the squall comes up. So, you know, the weather is 10, well, a hundred times better than it used to be. There's no doubt about that. Yeah. And these meteorologists improved so much that they were able to tell you in 10 minutes what's going to happen. Well, throughout the years with technology, I've been able to identify these chart patterns of, I call it cycle analysis. Yes. I've been able to identify the directional movement of the stock market and anything that trades basically of whether it's going to be in an up channel or it's going to be in a down channel. Yes. Or direction up or direction down. And what I've been able to do is create these cycles to time them from a long-term cycle, which are yearly cycles to the very, very short-term trading cycles that you can scout the market or trade during the day and so on. So, yeah, ideally the first thing that you have to look at if you're looking at an industry or a stock is determine whether the stock is in a long-term up cycle or a long-term down cycle. Now, even if a stock is in a long-term up cycle, it doesn't mean it's not going to correct to go down even though it's within a long-term up cycle. And the same thing with a stock or an industry in a long-term down cycle doesn't mean it can't rally. So the way I try to explain it is in a long-term cycle, we go three steps up and two steps down, three steps up, two steps down in a long-term cycle. So you just have to watch out for the two steps down. But in a down cycle, it's three steps down and then two steps up and then three steps down. So right now, I believe the overall investment markets are in a down cycle and what we saw this morning was a rally within a down cycle. So it was a step up within an overall down cycle for the major investment markets. That's how we do it and on a radio and TV program, we'll be handling questions by your viewers and we'll be telling them exactly what the long-term cycle was telling us, what the short-term cycle was telling us and how to trade whatever they're interested in trading to be able to be on the right side of the market and make money. Sure. And Peter, how did you end up getting into the radio business in general, the financial radio business? Well, I was listening to a radio program. I had a training, I had a training director of a brokerage firm, a low-growsing company, probably no one ever heard of it, but they became Smith, Barney, and taken over by Lehman and so on. And listening to the radio program, people would ask this financial talk show host, what is it about the stock market? Every time I buy a stock, the stock goes down. Every time I sell a stock, the stock goes up. Is the market being manipulated? And the radio host told them to read the Wall Street Journal or some textbook. And I said, you know, I have this training school and if I would be able to offer investment seminars to the general public and tell them how the markets work, how to place orders, how to do anything, I would do an eight-hour seminar on Saturdays. Wow. And they were very, very successful for that. And because of that success of the seminars I was doing, we decided to write an investment newsletter, the Wall Street Money Letter, which is the Wall Street Money Letter that we have on TFNN. Yes. And back then there was no internet, Tom. Right. So therefore, you know, if we would send out the newsletter, take one day to write it, another day to print it, another day to send it out, people would say, Peter, by the time I got your newsletter, the stock is up two points. What do I do? Do I buy it or do I wait for it to come back down? And I said, can't you just buy it for me when you get the buy signal? So because at that point, if you were a newsletter publisher, you had to be licensed with the SCC, we easily converted ourselves to an investment advisory firm. So therefore, you know, we would be able to buy and sell for the clients, based on management's fee. Peter, just stay with us one second. We'll get a quick break and we're gonna bring you right back. Okay, great. Peter Bruno, Tom Mabrai, we appreciate your growl and a prowl in the South here, folks. We have the Dow Industries right now, Dow 181, Nasdaq is up about 17, S&Ps are down 14. Peter and I are coming right back, folks. 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. 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There's no catch or added costs when you join our community of traders. In the Tiger Zen, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tygruses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. 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. Peter Brio, Peter Brio, no, Tom O'Brien. We appreciate you grow out with a problem with us out here. Peter folks is gonna be starting with us this Monday, okay, two to three Eastern standard time. It's gonna be the Wall Street Money Owl with our man, Mr. Peter Bruno. We're just talking with Peter right now. And yeah, Peter, it's pretty amazing how, I remember that specifically, if you actually were a newsletter writer, the SEC thought you had to be registered until you didn't have to be when someone challenged it, I guess, must have been a long time ago. It must have been like 1980 or something, who knows. That's right, 1981 exactly. Is that what it was? Okay, right. You were asking a question, why radio? And it comes to a point where if you're providing forecasts and analysis in the market for, by way of a newsletter. Yes. People, and you're advertising a newsletter, people wanna know what the real deal is. So I never had any aspirations to become a radio host. They felt that I had to be on the air in order to let people understand what I was doing, what I created, and how well they can make money of following my advice. So that's why I started to do a radio program. I love it. And as you know, Peter, you know, so folks, the way that the radio worked, right? It was just always pay to play, which some people realized and some other people didn't. It was always expensive to be on the radio. So Peter, how I got on, right? It was the same thing. I had a guy come into my office, right, and turn around and trying to sell me a commercial, right, on one of the stations in Boston. And I said, well, listen, you know, so the cost of a, you know, commercial, then I says, well, you know, I hear these guys on the radio, what's the cost for the whole hour? And folks, the cost for the commercial was like, at that point, I think it was like $30 a commercial. Now, we're going back that five, and the cost for the whole hour was only like $100. I said, hold it, man. That doesn't even make any sense. We had Peter saying, wow, because we were paying $500 and $600 an hour when we finished, exactly, right. And so it's amazing, isn't it? How that whole thing, you know, shook down. I mean, there's no doubt, you know, so. And of course, the key point also is that if they were paying you to do the radio program, you would have to have advertisers. Right. And you're putting your reputation behind advertising some company or some service that you may not believe in, and your radio listeners are believing that you're endorsing them, and therefore they can get in trouble. Now, Tom, I have a question. You, I told you how a little idea of cycle analysis and the meteorologists created this whole industry and services I provide. My question has always been, how did you come up with the idea of CFNN? What happened is that the guy came into my office for a radio ad. I started doing the hour, but I felt that I was one of, when broadcast.com went public, I was already streaming. And it's so weird, man, that I was actually in their prospectus. Because I thought the whole world was going to stream in a lot before people did. That's amazing to do this. And then what happened is that I said, okay, the way to do this is if it's gonna be stream and little by little, I start picking people up and say, well, hey, man, this is a kind of a nice way to go. Do you know what I'm saying? If we can build out a network, and each one of them can have their own show. And we were really lucky in the context of even the pandemic because everyone, I had set everyone up at the beginning, folks would end up happening. We were setting studios up, it was a lot more expensive because you needed, as Peter and I both know, we needed all these boxes and all this equipment. You know, we had a radio station up in Nashua. And this was so sick, folks. Tommy was running the radio station up in Nashua. And the radio station up in Nashua, so picture this, one of the rooms was almost as big as half of one of the offices we have right now. And now, just so you can understand that, so let's picture that. Just the equipment in there was like 400 square feet and now that's 400 square feet is down to like one little box. I mean, that's how dramatic it got. So it was just step by step. And then I says, yeah, this is pretty cool how this can work out. So that's how it was. And all of these hosts, which is really wild, I didn't know any of them before the fact. And you know, I just meet some people and I thought they really, you know, we know no one has a crystal ball and all they wanted people to do is to do their best. And that's kind of, you know, how this whole thing came down, you know what I mean? So yeah, it's pretty cool. And we appreciate you coming on. This idea is like a Steve Jobs idea. Yeah. I mean, you created something that is so unique and so unusual that there's nothing like it. And it's to prevent this for the listeners and the viewers. Yeah. And we have a huge amount of tigers and tigeresses and they help each other, you know? And folks, if you've never been in the tigers den, it's only a dollar. Go in the tigers den because you have people, you know, tigers and tigeresses helping each other every day. And that's almost like that. That's a live like 14 hours a day. And it's a dollar. The only reason we charge a dollar is that what ends up happening is that we, you know, kind of have someone, you know, in there that scamming of bots or anything like this, okay? So it's a great family. And we know it's happened over the years, of course. You know, first, what happened, which is great, you know, because I miss the aspect of drive radio folks was huge. I mean, you know, there's no doubt about that. When you have people trapped in traffic, man, it was huge. You know, it's harder to get clients now than it was then. I can tell you that. That's different ball games, you know what I mean? And sometimes I, you know, Jacob helps us beyond belief. And I say, I can't believe, you know, we look at other sites and they claim, this is what ends up happening, folks. They claim they have so many listeners, but we know they don't because we know the bots are like, and there's a huge scandal going on right now with Nielsen actually with, and that's what you're seeing with this podcasting deal about the amount. People can say that they get millions when they might have 1,500 people. I mean, so there's, anyway, that's a whole nother story, but it does affect us, you know, on a continual basis. So, well, listen, Peter, you know, we really appreciate you giving us, you know, your time because folks, this is always a huge commitment, man. When you're in the same place every day, you know, it's not easy. It's not, we love it, we all love it. I'm not saying that, but guess what? Peter and I know, you know, being in the same place every single day, you can't be late, there's no such thing as being late, right, Peter? That's right, that's right. You know, I used to tell people in my training class at starting exactly at 9.30, that at 9.30, the New York Stock Exchange bell rings. Yes. Whether you're there or not. Right, right. And, but I have to tell you, Tom, that your radio listeners and viewers to TFNN are going to really learn an awful lot and really have something that is uniquely different from anything they've ever experienced anywhere because in the 50 years I've been doing this, going to bookstores or listening to other people, no one has anything like what I created over the years and I think we're gonna make a lot of money for a lot of people. Well, that's a beautiful thing. Well, listen, Peter, you have a great weekend, a safe weekend and we look for, you know, the inaugural program of your man, Peter Bruno, the Wall Street Money Hour. Thanks, Peter. Thank you so much, Tom. Have a great one, have a safe one. You too. Okay, folks, stay right there, we'll come 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. Tommy O'Brien delivers options and equity trades on the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? 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My current assessment is that we are at or near the peak level of the target range for the federal funds rate. Williams said Friday as, and remarks prepared for an event in Long Island. I expect that we will need to maintain restrictive stance on monetary policy for some time. The New York Fed's chief visit to the Long Island area was canceled due to urgent family matter, I see, but its comments were still published. Williams' remarks represent an explicit acknowledgement by the senior Fed official that the central bank may have already wrapped up the most aggressive tightening campaign in four decades. So what you have is this, folks, okay? Is that you're at a tipping point, meaning, and what the tipping point is, it's not so much as the aspect of, yeah, let's go take a look at this. So we take a look at the Fed first. Okay, so we pull this up and what you're gonna see here is that right now the Fed fund rate, okay, is 5.25 to 5.50. That's where we're at. Now, if you remember, this is what's really wild. I mean, they knew, Powell knew right where he wanted to get it to, because if you go back to one of those first speeches, which is a year and a half ago, March, you know, March of a year and a half ago, he was looking for five and a half. Well, they got five and a half. Now, the real kicker is how long does this go out? Because I would say that right now, you know, this just started. And in fact, if this is where we're gonna breeze along for a while, it's gonna be pretty intense. Now, that being said, when you actually do go back before the Alan Greenspan put, this is how it normally worked, you know? So we're going back a long period of time, but depending on where you are in the cycle of age, that was a normal deal. Now, the problem comes here. The problem comes that the amount of leverage that is in the markets at rates that are much smaller versus where we are today versus how long these go out. Because the Fed absolutely knows that as these rates stay the same, just like this, there'll be huge amounts of defaults because the defaults are gonna come in the aspect of equities, of assets that will not be able to, well, what ended up happening is that they're on, you know, if you remember the housing crisis, folks, the housing crisis came down to liar loans and they came down to the aspect of variable mortgages. And if you saw that the big shot, the variable mortgages, and those guys took a lot of heat before they made a lot of money, but it came down to the point of when the variable mortgages were gonna start turning over and they were gonna start turning over in 2007, 2008. If you saw the big shot, you know, he's screaming, like, I'm telling you, man, this thing is gonna turn right now and it's gonna turn, turn, and they're not gonna be able to pay it. Sure enough, that's exactly what happened. Well, what's happening not just in the real estate market, well, it's the commercial real estate market that has had been happening for a good year. And they're keeping that really kind of quiet as the amount of, I mean, you're talking about Blackstone, you're talking about Starr, what is this? You're talking about big companies, man, that have already given back the keys to these huge office buildings. Because of the fact that they had loans that are out there that, you know, were free 3.25% that they can't refinance period, okay? Because what ends up happening is that the leverage was so high and the amount of folks that have left the office buildings is dramatic. So their rents are done, okay? So the next step goes like this. The next step that we're gonna start seeing is the zombie companies inside the equity markets that have also had notes out there that they're gonna have to refinance. And what always blew my mind, man, was that, you know, this is an example, but this is, you know, not a great example because Pets.com is already down in a big way. But a PetMed Express, yeah, PetMed Express, that's what they call themselves now. Well, when you look at this, we'll watch this for a second. So if we bring this up, what you're gonna see is that, you know, you had high out here of like a 57, you're down to 10 bucks. And we take a look at, you know, oh, this is PetMed Express, we'll look at this anyways, probably the same thing. Okay, so you did, yeah, you did 283 million five years ago, this year you're gonna do 256 million. Now this year you wanna do 308. Last year they did 256, so I don't know how they're gonna go from 256 to 358, but the bottom line is that there's companies like this that have taken loans out, now check this out, this gets really bizarre, that have taken loans out and those loans, they're paying like 10 to 12%, they were paying 10 to 12% two and a half years ago. So I can't even come, who knows what they're gonna be trying to basically pay, you know, because a lot of these takeovers and these bridge loans, I used to watch them come across to Bloomberg and say, how can you pay, you know, 12% for something? Well, you better make sure that whatever you're buying is totally undervalued and you can sell something out of that company in order to pay down that debt, because 12% folks is such a monster number on a continual basis, you know, month by month. I mean, you know, there's not a lot of businesses that can pay that kind of money, so anyway, the longer that we stay at these rates, the more that you're gonna see that fall, now watch what happens here. So first you have the commercial real estate, it just means that everything gets softer, that's what it really comes down to, that it doesn't mean, we're not in 2007, 2008, I'm not saying that at all, not even close, what does happen is that we're going back to a normal, and what I mean by a normal is that if you remember when you would go out and try to get a job, you know, you try to get a job, okay? Jobs weren't everywhere, you try to get a job, you know, bottom line, we're going back to that deal, that's where we're going, and so there's gonna be, you know, there's gonna be a lot of hurt and probably a good generation, maybe two generations, it's really just, yeah, it's maybe two generations, because they haven't seen that, that you gotta get a job. Well, jobs, you know, last what, year and a half, two years, you know, you could get a job, you could quit five times a day and get five more jobs, well, that's good, that's gone, and what my take is that this whole thing is reverting back to, you know, the deals of the 80s and 90s, and the rates themselves that, yeah, I think the rate, you know, I think we'll get down to about five, five and a half percent and the mortgages, but I don't think that's gonna happen for like another year, year and a half, you know, I think this is gonna be, you know, a leveling off here. Stay right there, folks, we're coming right back, we have the dial, the dial's down 118, the Aztecs have 45 S&P's off four, we'll come right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful, active trading. 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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 and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Let's take a look at silver. Yeah, this is about as intense as you can get, man. The silver market, man. This silver market is unreal. I mean, look at this. Silver went from 2380 to 2232. So once this dollar turned, man, this silver came in, now let's do, I'm gonna do a generic shot on silver and take a look at this. That's quite a move, man. Holy cow. Okay, let's see what we got. I see, okay. So, you know, on a long-term basis, hasn't done anything, you know. It just went down to the bottom of the range. The bottom of the range here is the 2214. That's how this has been. We're still going, same consolidation. That's the bottom line, so. And in fact, if you take this and we look at this on a monthly thus far, oh, I can't do it that way, but on the generic, I can't. What you're actually gonna have is a lost engulfing. Yeah, there it is. I got it, okay. So even on a weekly, on a weekly, this is a lost engulfing. So the way a lost engulfing works now is this. You'd have to have a higher high next week. Not a higher high, just higher than the bottom. But you can see this, this is engulfing. Well, it's engulfing three weeks right now. Start at the high, you can down a little. We'll see where it shakes out. It's gonna be about this dollar, man. That's the real bottom line, you know? And it looks thus far. Let's see if we, where we're at with this dollar. So we're at 106, 188. That's 100 ticks off, you know? That'll be a failure on price, you know? I mean, it kills me if we don't get volume. Well actually, let me go look at that UUP for a second because the UUP, so that rejected lower price and had a little bit of volume on it. You know, I wish we had volume on that. Makes it a lot easier. Always remember folks to beg, acquire hot out the book and run you over in thank God. There's always another trade. Health happens in prosperity. Have a great weekend, folks. Have a safe weekend. Come back and visit Tommy Monday morning. Kiss us off at nine o'clock. Don't forget about our new show, Wall Street Money Owl with our man, Mr. Peter Bruno. He's gonna be up by two to three. Have a great one, folks. Have a safe one.