 The following is a presentation of TFNN The morning market kickoff With your host Tommy O'Brien Good morning everybody. I'm Tommy O'Brien coming alive from TFNN 906 a.m. Thursday morning We got about 24 minutes to go until the start of trading and you got a mixed market right now We got the S&P's two points in the positive right near 4,600. We're trading at 45 98 Nasdaq 100 barely in the positive by well as well I should say by 37 points or a quarter percent trading at 15,1009 right now Dow barely in the negative but still above 35,000 you're negative by 14 points Russell negative by just one right now Check out that action in the Russell yesterday. You talk about a move the Russell 50 5 0 points basically a one-way slide yesterday from 21 30 down to 2080 we'll get the exact low 2079 10 the exact low on the Russell quite an acceleration you take a look at the S&P's yesterday Man these markets caught quite a bounce in the final 15 minutes man You accelerate from about 46 20 to start the day you were at 45 75 in the final hour And just like that though you finish the session at about 4,600 overnight You trade a little higher you dip lower and we're right back to where we started as of the closed last night in the S&P's Bitcoin Talk about a little bit of a little bit of a range here near 47 and 48,000 you're trading at 47,000 805 Considering the market action Bitcoin holding up relatively well this week crude pulling back. We'll talk about crude We might have a petroleum strategic petroleum release coming up. That is the drop-off you see there man Talk about some volatility What time is that eight o'clock last night eight eastern time you drop from 108 down almost instantly to 102 You chop around at 101 for the lows overnight crude down about five bucks on the session right now 102 92 you got gold flat at 1938 gold on Tuesday was 1893 silver right now at 25 11 and we jumped in notes and bonds We're getting a little bit of higher price and lower yield We got the tenure up nine ticks from where we were on Tuesday You're talking about almost two full points the move in the tenure just remarkable when you look at where that thing has been Where it is going to full points just like that, but man you talk about a move That's barely a bounce. You got the yields right now 2.32 percent. We're approaching 2.5 percent. You put it on a daily We were in quite a downtrend for lower prices and higher yield this move really accelerating from March 7th You had 120 904 you trade down about eight full points to 120 30 now just for some context here taking a Fibonacci run Looking at the run that we've had you're talking about a move potentially to about 124 brings us to the 382 that's a solid point still above where we're at right now But you got to expect a bounce at some point folks when you go from 1.7 percent to 2.5 percent The yield in the tenure over the span about three weeks Even if you just get back within this channel line, okay, that's going to bring you up to about 124 would be the line There let's extend this lower channel line to the right. We'll zoom it in. Okay, and where are we meeting? We're meeting at about 124 16 if it takes a little bit longer to get to that line You are going to meet at a lower price point Maybe that brings us right down to 124 going to be an interesting area if you see the 10-year pop up to that price level 12402 we jump over to the VIX this morning That's a pullback for you folks. There it is. We trade from February 9th of about 20 bucks We hang at 36 for a couple occasions and just like that. You're back at about 20 bucks. We're trading at 1991 this morning. I would not expect the VIX to go much lower folks That is your parabolic move from 20 to 36 back to 20 Trading at 1991 and all things considered right now. You have an S&P sitting within about 200 points of all-time highs We're gonna get CPI data in a couple weeks. We got the Fed lifting off. We have all the risks that we're familiar with I Don't see the VIX going back to 15 16 something like that with all the volatility in play in this market We should be lucky to have it at 1992 considering the moves that we're getting I mean keeping in mind, right? We just moved in the S&P's About 500 points from low to high just remarkable to even say it Nasdaq 100 man I mentioned it yesterday you had a 12,900 handle and you finished with a 15,000 handle 2,200 points we're trading at 15,100 remarkable. All right, let's jump around to some of the news We'll kick it off with jobless claims quite a number 202,000 for the week ended March 26th. The estimate was 196. That's an aggressive estimate in terms of historical norms We missed that estimate but all things considered 200,000. That's a very healthy number Continuing claims fell to 1.3 million. Those are one week delayed So that is a as of the week ended March 19th the rise in applications likely reflects the choppiness of the data week to week I mean folks the way they analyze this data the rise in applications You're talking about a rise in applications of single digit like a few thousand people With everything going on of course, you're gonna get a little bit of volatility and choppiness in in terms of single digits thousands Remarkable now we got 80p numbers the data precedes the government's Friday employment report non-farm payroll tomorrow 830 we're 23 and a half hours from that It's just gonna keep coming folks and then we come into earnings to kick things off a couple weeks into April as well We get non-farm payroll tomorrow look for the wage data in a big way US added about half a million jobs in March when the unemployment rate fell to three point seven percent That's what they'll be looking for a separate report Wednesday. US companies added 455,000. That was the 80p report on Wednesday added All right, so we get that number this morning not a huge number all the focus is gonna be on the number tomorrow. We jump to the oil story President Biden weighing a massive release of oil to combat inflation So it'll be interesting to see in terms of what this number is and the impact it has on the market Obviously, it's not gonna solve the supply and the demand imbalance going on in this market right now But it's a pretty sizable release is at least what they're considering They're thinking about a million barrels a day is what they're looking at for several months to combat rising gasoline prices and supply shortages Following Russia's invasion of Ukraine the total release may be as much as 180 million barrels as people said the people said speaking on condition of anonymity The plan is accompanied by a diplomatic push for the International Energy Agency to coordinate a global release by other countries So they're trying to get everybody on board. We'll see if that happens Nonetheless you're talking about maybe 180 million barrels now you jump over another article just talking about what that could mean for the market now number one They got a bunch of different takes here. Okay, everybody's got to take of course. Okay a release. This is Goldman Sachs It's gonna help the market rebalance, but it won't solve a structural deficit for oil That's why the Goldman Sachs people get all the big bucks because they have the hot takes of course. It's not right We'll see how it goes. It is a short-term solve. Nobody is going to argue the contrary One thing I did take note of here we go. So this is Clearview energy partners LLC not familiar It's hard to overstate the scale of this intervention if it bears out It would be the largest drawdown volume announced in the 45-year history of the strategic petroleum reserve I would follow the second biggest the 50 million barrel combined sale in exchange in November as Global consumption may outstrip supply by 800,000 barrels a day. This is cool because I like the actual numbers of how this breaks down So right now they're looking at consumption potentially outstripping supply by 800,000 barrels a day a release of a million barrels a day could bring supply and demand Roughly into balance absent This is the key absent further disruptions That however would do little to rebuild the lean global inventory. So, you know, maybe they're trying to match up that Supply demand imbalance. It's not going to cause them solve the problems that Europe's got in terms of energy folks But nonetheless, we'll see crude trading a little bit lower today markets right now pretty calm. 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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 Back folks we have the s&p's negative four points right now market turning a little bit lower in the last few minutes We'll put it back to a five minute chart. You can see a little bit of a drop off We were trading about 4600 as I got on the air right now trading at 45 91 lows at about 7 30 this morning We're coming down right to that area in the s&p's. We'll see how we trade Nasdaq 100 pretty similar action right now 15,085 lows at 7 30 15,077 the dollars negative by 63 points Actually below those lows in the last few minutes and we got the Russell right now negative by five as I said you talk about volatility in the Russell man Monday 2043 we trade up almost a hundred points. We're back down to 2080 and we're right near that low right now in the Russell. All right, we'll jump around to what else we have going on We talked about crude. That's one of the stories for sure. We talked about jobless claims out there as well and Let's talk about some earnings Walgreens beats expectations after omicron fuel demand for tests and boosters lifted sales Beat fiscal as expectations for fiscal second quarter Same-store sales for retail in the US 14 point seven percent in the three-month period compared to a year ago The largest gain over 20 years just remarkable. It's happening with this pandemic and how it's separating some winners and losers losers where you are Buck 59 versus a dollar 40 revenue. They beat as well thirty three point seven six versus thirty three point four billion in the quarter net income fell to 883 million or buck O two or share from 1.03 billion in the year ago period. So that's interesting, right? How does that happen? You had Walgreens same-store sales jumping fourteen point seven percent But they made more money last year. They only made 883 million and They made 1.03 billion last year, but they rose same-store sales by fourteen point seven percent It's just bonkers. What's going on folks? You know that part of that's going to be inflation, right? You know part of the reason why they're not going to be making this much money is because they're paying higher costs, etc The company said it saw growth in all categories, especially health and wellness items including at home covid tests over the counter medications for cough cold flu and Beauty thrown in there as well and it's UK based boots chain retail sales same-store 22% E-commerce sales in the US increased 38% and these are some huge numbers man when you look at it profit not as big And not that that will take care of itself but Eventually things will normalize. Yeah, but the market looking at that as well down about two bucks You spike higher, but I think they did they did the same thing there They said okay You're growing same-store sales at a record pace record pace same-store sales growth And you can't even make more money than you did a year ago. What's going on there? Of course guidance is going to be a big deal as well the conference call began 50 minutes ago a little bit of a drop off there with The market with trading lower since their earnings at about 7 a.m. This morning We'll see how they do on the open pretty strong numbers But as I said lower earnings numbers when you think about where they are Verses last year, but they beat market was expecting a buck 40. They came in at a buck 59 They beat on revenue same-store sales at record pace and meanwhile they're trading lower Not a good sign. Maybe you could even call it ominous for Walgreens They're down 9% so far this year and they close at 47.46 market value about 41 billion dollars for Walmart All right, let's jump down to some of the other mood Stocks making moves by do they're a little bit lower after the SEC added the search engine company to its list of us tried it Chated us traded China stocks that could be delisted if they don't allow American regulators to review three years worth of financial audits It's coming folks. I imagine it's coming. Okay, those companies. I would be careful. We'll jump to buy do buy do Put on the daily down to 102. We're up to 143 We're gonna open at 138 now. Here's what I'll say This is kind of a nice area invite you actually if you look at it, right? I mean look where we are We're gonna open at 138 and change Outside of this flash low back here You're into an area that we've bounced many times in by do going all the way back to August of last year You make it to a low of 135 89 in December you make it to a low of 132 14 you chop around at that area you chop around at that area as well in February 24th. Yeah, so maybe you know you get in give yourself a couple of dollars stop if it touches those lows you get out But I would not be touching these equities now take a look at Baba. All right, Ali Baba Here's what I'll say about this one had this trend channel up there for a while This goes back to October of 2020. You're talking about 18 months folks in year and a half Talk about a well-defined channel line, right wish I had gotten down there on the lows But I am not touching these stocks, okay? But I know we all have volatility if you are looking at them. Okay, take a look at it You're nearing the top portion there No, I'm not sure that you know China's economy is gonna go in the gutter But all I know is how this channel lines looking folks and as tough as it was when you said man I wouldn't touch them then well you just traded I mean even if you got it the lower trend line 78 to 116, but you see where we're at now I'm gonna put this on a daily All right, we touch it once on March 23rd and basically we touch it again You extend that line to the right. We're right near that channel line folks And if you trade to the lower portion talk about 72 bucks now again I don't know if I'd be shorting those stocks out there when you have the Chinese Leader and it looks like the economy out there Really looking to prop up the industry after kind of slamming them down It's like a love-hate relationship across the board, but nonetheless China ready to rock it, huh? We'll see 1658 you down to about 114 There's definitely money that can be made there folks, but I choose to trade other equities. That's all I'll say about that I mean, you know, there's there's great opportunities in China if you can figure it out There's a lot of great opportunities across the board here. I mean, how about crowd strike yesterday, right? They were talking about crowd strike in the den. I mean the last couple days boom You explode higher as the market was struggling. Yeah, you traded lower as well but strike crowd strike from 213 to 231 and you're not dealing with the potential for The Chinese dictator to come out and kind of throw a wrench into your trading plan Some of the other companies that come to mind. I mean, look at Roku from 118 to 140 man I've been talking about Roku a while Especially when we got down to a hundred bucks on Roku shares now Take a look at the analyze tab on Roku. We're now talking about a company valued at 17.5 billion dollars You're up 30% from where you were at a hundred bucks Some some of the other companies even zoom's gotten quite a pop recently now You know, you're dealing with some lofty valuations sometimes on the multiples folks do zoom is still at 36.6 billion dollars From 588 from 400. It's been a one-way trip Now I'm gonna take this Fibonacci off there for some clarity and to put it back on a daily to zoom in on the recent action And we might finally find a bounce there folks I mean you have definitely, you know, if you were in a turn channel line here strong a simple line Downside, maybe we'll draw one that matches up On this side All right, doesn't always have to be super complicated folks when I activate that bring it up a little bit more Right. It's an art not a science. Okay. That's a pretty well established channel line That's a breakout and that's going back to December. That's on a daily. Maybe you get a pop there 12239 you're dealing with the company still value to 36 billion dollars But it's a profitable company as well in zoom at 12239 Some of the other companies that I think of that you want some volatility and some action draft games, all right You might be in a little bit of consolidation here If you're looking for pops you might get them longer term if you're getting to this equity You're gonna deal with some volatility man. They're gonna be spending some money in a big way as This entire landscape changes in terms of gambling across the board But it's common folks They will be a big player and on a fundamental basis in terms of where you are You're talking about a company valued in the single digit billions and I imagine if you have a stronghold as One of the online sites that people can gamble at that there is an extreme amount of Possibility for growth in that industry folks, but we'll see they got to make money the value of 8 billion bucks But I imagine in the future Sports are gonna turn into a gambling mecca folks. It's already happening. Stay tuned. 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All right some geopolitical De-risking it's amazing the market just reacted so much to the even notion that there may be a potential ceasefire or easing of things You find out basically throughout the day that the government doesn't believe any of that Maybe Russia's just repositioning or calming things down for a moment We get the drop off from 108 down to 100 on the street sheet strategic petroleum reserve But just like that you're back to 103 man. If you're trading crude oil Whoo, God bless you, man. I can't imagine that market $10 in either directions talk about some fast fingers gold up a bit up $4 as this market trades off a bit. You got gold trading to 1943 right now All right jumping around to some of the other headlines in terms of stocks. We talked about the Chinese stocks man Nova Vax they're higher in the pre-market after it asked the ua EU regulators to clear their vaccine for use in teenagers NVA X is their symbol up 1.7% pretty marginal action when you look at where it was yesterday And you look at where it's been recently some of these vaccine stocks man. Be careful even Moderna I believe in that technology tremendously man, but who you talk about getting ahead of itself and here's what I'll say about that one I'm gonna ballpark some of these numbers, but Merck was a huge investor in Moderna early on I believe they got out of Moderna shares I'm gonna put this on a daily because it's just a lesson folks Okay, when you see this type of stuff insiders, etc. Right, they don't know everything, but it's something to keep in mind Okay, this one was kind of a heads up Merck sold their stake in Moderna during I believe all right I'm gonna ballpark some of this stuff. Okay, the the final quarter of 2020 Okay, so they probably didn't get this full run up here But I remember my thought in this process being that they saw Moderna run up to 87 dollars in May And then just like that bad. It was back to 46. They saw it get up to a price point again of 95 in July and then saw it give it up again to a price point of 54 and guess what? Executives probably said when it got back up to this area Right as you come into October November middle of November you get back up to a price point of about 90 dollars And executives say, you know what we're not gonna let this thing get back down to 45 or 50 again Let's sell our position. Of course the run up exceeds expectations, okay Merck Executives obviously had some idea of the potential of the true value of this technology that they had Cashed out at this price point if the market was at 500. Do you really think they were that far off in their estimates? Of course, it's possible. Okay, of course, it's possible They could had a breakthrough over that time that changed the world They're trying to use that technology to apply it to many more things beyond COVID. Okay, so that's possible But in light of where this thing traded you got back down to 122 a year and a half later almost okay, keep that in mind when you see that okay when you see companies Huge mammoth companies divesting from smaller companies. I mean the similar thing happened with Tyson and beyond meat I believe okay. I've talked about this one many times. You had Beyond Meat coming out They accelerate to 240 from a price point of 46 the market goes bonkers They they start getting a valuation that had just made no sense Especially compared to the valuation of company like Tyson, which just has the process build out You know the infrastructure to deliver Goods the infrastructure to deliver their products that Beyond Meat just doesn't have Point being yeah trades up to 240, but here we are now what you're talking about Three years later almost on that equity and you're right back to where you started so pay attention that sometimes as these big companies Invest in smaller companies those smaller companies go public They catch a run early on the bigger company sells their shares because Tyson's gonna be producing the same thing They were in this to get in on it in The early stages it launches and then they say okay, we don't need to be an investor in them We're gonna start our own brand We need we have the know-how now because we've been a member of the Beyond Meat team. Well nonetheless All right, we jumped down to other equities making news Making news AMD downgraded to equal weight from overweight overweight sick sick local risk I'll get it in several different end markets for the semiconductor maker. They're a little bit lower Let's jump around to some of those semiconductors man AMD Yeah, they're a little bit lower. All right, let's put it on a daily Yeah, you're down about 3.6 percent. So the market heating that after the pullback it had yesterday NVIDIA shares Down about two-thirds percent right now to 275 NVIDIA's had quite a bounce now to take the highs that we've had in NVIDIA I'm gonna ballpark the high okay that we had I'm gonna take a little Fibonacci number here We'll throw it on here right to the 618 folks Okay, now I take the high that kind of correlates to all these bars the best fit line sometimes, you know Yeah, you could take the 346 level that would be fair You might even take it a little bit lower if you think the linear regression on the top portion of this area, right Where'd you touch right to the 618 folks 286 you jump to a point of 289 46 But look where it is The candle is actually right on the 618 of NVIDIA pretty cool, right? Uh, so market trades lower. There's your 618 and boy if you ever get an a to b c to d folks You're talking about from about 340 down to a price point of 210. That's 130 dollar leg You'd be coming off about 280 That would put you at 150 back in this thing out 150 on this chart And I don't know if it's going here. I don't think it is actually okay But you got to keep it in mind folks because this market's a little crazy right now and at a time I mean you just saw the numbers that we got for wall greens boots pretty strong numbers record retail Same-store sales rising they beat on profit they beat on revenue and the stock trades lower. Yeah pretty crazy Yeah, you're looking at, you know, I'll post this article in the youtube tigers den They're talking about it folks if you haven't signed up for it yet Please check it out on the front page of tfnn.com the new tigers den and not the youtube the discord tigers den It's live now. It's only a buck a man g7 was just in there talking about it in terms of Rental prices rising And let's talk about it because it's happening folks in a big way But it's driven by market forces. And you know what one of the reasons why I came down to florida, okay? Now this article is uh from yesterday, okay? Yesterday morning Record spike in rents hits Tampa Bay after newcomers flocked to florida during the pandemic Average rent for single family homes condo units small multifamily buildings increased more than 28 percent over the year It's staggering But it's correlated to the rising prices of the actual properties And that's the tough part about how you correct that And it's driven by demand By either the inflationary tendencies in the market, okay But also people flocking to the state and that's where I started off One of the reasons why I came to florida folks was because of affordability and housing I remember when I first came down here and it is crazy to think about because I think it's pushing almost 20 years ago Not quite 20 years ago. I graduated college 20 years ago. I spent a few years in boston before I came down here before my 25th birthday So maybe we're pushing 17 18 years ago year before I was down here My sister was down here for a year. She was able to get a one bedroom Maybe it was a studio, but I'm pretty sure it was a one bedroom one bath unit in a complex that has a pool For I think 485 dollars a month now. That's 20 years ago almost, okay First year I moved down. I think I was paying 585 maybe 525. I was paying in the 500s folks Even then in the year 2004, maybe we'll call it 2005 It was comical to think of the idea that I could find anywhere that resembled anything like I was going to get in florida For 500 dollars and change a month with a pool in my complex beautiful One bedroom one bath unit with a pool In a unit at that time in florida that was just not going to happen folks It's still happening that way. All right, some of the numbers they talk about in here a thousand dollars a month for a nice place Very difficult around the city of boston as i'm sure many of you know, we'll talk about it a little bit more when we come back But I don't think it's changing folks because people have found out they can work remotely Live in beautiful florida right back. Stay tuned. Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets tiger real estate llc Is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest Decisions of your financial future called tiger real estate llc today at 727 329 83 22 or email us at tiger at tfnn.com That's 727 329 83 22 call us today The technology around us is changing every day with so much happening that can seem impossible to keep up with all the information David white's investment newsletter the technology insider It's designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors bill the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily s&p 500 bull and bear leveraged ETFs Direction leveraged ETFs an investor should carefully consider a fund's investment objective risks charges and expenses Before investing a fund's prospectus and summary prospectus contain this and other information about direction chairs to obtain a fund's prospectus And summary prospectus call 866 476 7523 or visit direction investments dot com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services llc 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 get the s&p's down 11 points market turning in a little bit negative as we come into the opening action right now You're trading at 45 82 backing things up on the s&p that low. We had yesterday 45 75 in the s&p's. Let me get the exact one. Yes, 45 74 75 We'll call 45 75 in the s&p's jump over the nasdaq 100. We just dip below that level We got a 14 000 prints in the nasdaq 100. Let's jump around to some of the fang stocks Amazon shares down about a quarter percent 33 19 right now. We jump to the big dog apple Look at that sell off watch out for apple man apple down nine tenths percent 176 19 That's quite a sell-off for apple shares microsoft shares right now selling off as well They're selling off the fang stocks 3 11 70 for microsoft. We were just pushing 3 15 on the open From microsoft shares we jump to facebook shares Trading lower as well to 226 we jump over to netflix shares down a percent as well Let's jump to some of those crazy growth stocks Roku down about a percent right now draft kings down about 1.2 percent market a little bit of a sell-off You get the russell actually in the positive right now by two points all right Jumping back to and we've seen the numbers folks and i'm not going to spend too much more time on this but that's that's my You know anecdotal personal story, but guess what it's happening just much quicker folks I did it 20 years ago. I was in a perfect spot in life just graduated from college a few years back I was single my dad was down in florida perfect opportunity to make the move Not everybody is so fortunate to have that opportunity, but many more people now have that opportunity especially with remote work Now I mean you're dealing with video game numbers. I love that term I stole from our man kevin hanks, but you're dealing with video game numbers when you're talking about 35 percent, right? Talk about 28 percent rises and rents But you're starting from lower numbers folks than you are starting in many of these bigger cities Especially new york dc chicago boston at 12 percent Tampa starting at much more affordable rates Well, guess what that's changing now and it's changing because there's going to be more income People are going to be earning more when they can work remotely from almost any company in the world It's coming to and i'm not even exaggerating when you say that So you know being on the lower part of the socioeconomic chain. It is a tough deal man, but this is where unfortunately You know you get an influx of big workers florida, especially st. Petersburg tampa Um, I mean you got bill gates and jeff vinnick developing The water and tampa by where the the lightning plays spending billions of dollars folks. It's just been you know a city Landscape that has cranes all over it building a whole whether you're talking about condos now This is just in tampa and my dad set up his hub in st. Pete which is rocking in a big way But that doesn't even talk about the fact that you got Bill gates and vinnick building just a whole city basically on the water in tampa All of that contributing folks let alone. You can't you know have a conversation without talking about funds buying up those properties securitizing them and Probably not putting them back on the market anytime soon. There's really no reason to it's been it's become a Securitized asset all right and there are things that we can do folks to make homes more affordable for Investors uh, excuse me for homeowners versus investors right Um, there are ways to do that through regulations All right, because it's going to become a pretty tough deal here as you got funds scooping up all the properties And you got people more importantly wanting to live in florida. Okay, but I mean what they talk about here You know you're talking about A one bedroom apartment going for 16 30. All right in any city Folks that's that's rocking to the tune of tampa. Okay, river view a suburb of tampa nice area You're going to be pushing 15 1600 bucks right now folks It's going to be happening with inflation and where you're at now. They renegotiated it for a 205 increase What's that put it down to uh something like 15 25 a month right in many cities 15 25 a month for a nice Apartment with the bedroom on your own is something that would be pretty affordable. All right and uh, yeah It depends what you can make in salary, but the thing that's happening now is that You can work anywhere and I believe the minimum wage is 15 bucks in florida duffy I believe we passed that uh on one of our constitutional amendments by a pretty strong number Um, even in a red state that's turned a little red But uh, it's amazing when you take something away from politics and you just put it up by itself that uh The people of florida said yeah 15 bucks, man Let's go and guess what the state's just fine folks All right, let's jump down to some of the other equities got make it down the list Ken Ross gold is in talks to sell a russian mine to russia backed investment firm firm According to people familiar with the matter first sale of an asset left behind in russia by a western companies Looks like russian assets. You can find a bid go figure Kgc now the interesting thing here is I remember my dad talking to bob buckham Which I believe was ken ross gold Okay, I wonder if they got back into there. Let's take a long long look boy because this interview i'm talking about folks Yeah is a long time ago, man. I'm talking about an interview somewhere in these years. Okay Um, they got down to almost nothing you're at 592 But what he had talked about is he wasn't doing business anytime anymore in russia because any time that they had to do business You risked the fact that putin would just come in and steal all your findings Um and nonetheless looks like they were still doing business and they need their pain a little bit of a penalty So robin hood won a favorable ruling in massachusetts case a judge declining the state overstepped its authority in adopting A new fiduciary standard for brokerages operating in the state The brokerage firm had been accused by regulators of encouraging its customers to take undue risk So the judge declined that the state overstepped its authority. What is going on here? A favorable favorable favorable ruling in the case with the judge deciding the state overstepped Okay, we'll get there. There we go. I need some more coffee. I guess so The state overstepped its authority in adopting new fiduciary standards for brokerages operating in the state This is great folks. I talked about it earlier. There's going to be this whole You know mantra that you got to protect retail investors because they don't know what they're doing They're getting in over their heads and yeah, they really crushed it in 2020 They took a beating a little bit in 2021 versus some of the other equities arc is the biggest Example of that we'll call it in terms of the run up in 2020 for all the retail meme stocks Tesla stocks and likes Last year we paid the price this year. It's been a slow start But folks the bottom line is you can't just keep investment vehicles for the ultra wealthy I mean what's going on here is the reason why companies don't even go public anymore Is because they don't have to now they just keep all that money for themselves And they do private equity right until they get all of those gains And then they push it out to the public when they think they've all been taken by the cream of the crop. Okay You can't just have options and to find risk trading vehicles only for those Retail investors do understand a lot of that and yes, there should be some level as there already is Okay, making sure that these Brokerages are not pushing products to people that are not qualified. Okay But when you're talking about you know a finance major in college that's 19 years old You're telling me that person can go sign up to fight a war But you're not going to give them the right to buy or sell a put or a call because they're 19 year old retail trader Okay At some point folks people have personal responsibility for their money If they display some Semblance of knowing what they're talking about people should ever write to do that stuff And you're going to see a real onslaught here like somehow retail traders have no idea what's going on And we have to protect them to make sure that they can't I even saw something earlier That you're gonna have to start passing like a test to be able to trade that type of stuff. I mean in some Semblance that might make sense But you just kind of hold these brokerages accountable for what's already on the books folks. All right I passed the series seven. All right You're not allowed to be allowing people to trade products that they're not suited for that's already there Okay, if they're pushing those limits, then we can hold them accountable. You don't need extra rules People can take care of themselves overall and you can't protect everybody by just telling them They can't do anything they want with their money. 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The tiger first mortgage program may be just the program for you The tiger first mortgage program pays 7 percent per year paid monthly for more information You can call 877-518-9190 that's 877-518-9190 This segment is brought to you by thinkorswim for more information Just click the thinkorswim banner on the front page of tfnn.com Welcome back folks. We get the markets in lower territory right now You're looking at an s and p negative by 13 points right now You put things on a 15 minute and as you see Back in it up so we can see this morning's action versus yesterday's low kind of right at that area It'd be interesting where we're going to trade Critical area you could say that's where we charged higher at 345 yesterday afternoon. Russell holding up pretty well right now Up about seven points. We jumped to commodities gold up six bucks pretty decent action in the morning for gold And you got crude oil right now Down three dollars and fifty cents, but again catching quite a bid man It'd be pretty remarkable if we get it all back even with the news the potentially 180 million barrels in the strategic petroleum reserve Up to be released over the next months, etc Million barrels a day We'll see if that news becomes something concrete or not and we get up to bonds You got the 10 year right now Plus six ticks, but we've given back some of the action. You got the 10 year yield 2.4 We'll call it 2.4 percent right near that number on the 10 year All right as we finish up the program core personal consumption expenditure. We got that number this morning Let's pull over the headline and you're talking about 5.4 percent in march higher since 1983 I think the market was looking for a little bit number higher higher number though. What were they looking for? Maybe 5.4 no 5.5 Yeah, 5.5 was the estimate so we come in a little bit soft in terms of estimates Wages tomorrow morning folks keep your eye on the non farm payrolls at 8 30. I'll be doing my program at 9 o'clock Thanks so much for starting your trading day with me folks. Stay tuned. We got our man basil Chapman He is coming up next and don't forget folks head on over to the front page of tfnn.com Check out the tigers den Last night the great one of the great things about this that we're excited for folks is that you can use it on your phone You can use it on your tablet People in there last night chatting about the market whether they're on their computer tablet phone Of course very are active during market hours from 7 till 4 No matter when you're in folks Even if you jump in only when you have a moment when the markets are Rocking check it out for a dollar. We have been some exciting stuff coming up in there We got our man basil Chapman coming up next and basil is going to have a subscriber webinar for opening call subscribers Coming up in a couple weeks the details of that to come out shortly So stay tuned and that will be in discord as well. So that's going to be the great thing folks We got a lot coming up Get in the discord trading room because uh, we got a lot coming up for tigers den members for subscribers Of all our newsrellers, etc It's exciting folks exciting times as they say basil's up next stay tuned. We'll be right back. Have a great thursday everybody