 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. Always do your best, but don't overdo. This is a cool card, man. When you overdo, you deplete your body and you go against yourself, and it will take you longer to accomplish your goals. Mug it wise! Let's take a look at it out here. We have the Dow Industries trading up 416. NASDAQ's up 315. S&Ps are up by 73. Gold. Gold contract down $7.20. Trading at $1,805 an ounce. You've got Silver up 4 cents. $20.53 an ounce. Lightsweep crew up a buck. $91.65 a barrel and notes and bonds. Ten-year note, up eight ticks. Trading at $119.23. The 30-year. Down 14 at $141.31. And $Kingdoll. $Kingdoll's getting taken to the woodshed out here. It is down 1149 ticks. Trading at $105.224. We have the... There we go. Don't do it that quick. Where are you? We have the Pound trading at $122. The Yen is out here at $132. And the Euro is at $103. It's off that low, man. The bottom line, very... It was par that was there. $101 the Euro. You're going to go to Italy. You're going to go to Europe, folks. Get those Euros right now, man, because this dollar wants a lot lower price. Now, let's talk about the CPI, okay? Because the bottom line is that this print came in a little less than the market was waiting for. And then, bottom line, the market likes it. It goes topside. So what you had inside here, okay? It was just slightly lower, too, by the way, okay? You're talking about the consumer price index increased 8.5% from a year earlier. Coming down from 9.1, okay? So you've got to basically... You know, 6.1%, right? You had the CPI, bottom line, which strips out the volatile food and energy. I mean, that's the core. The core which strips out the food and energy. Bottom line rose 3.10% to 1% from June and 5.9% from the year before. Now, when you start going through some of these numbers, folks, okay, what it's really cool to look at is this. If we come down here, okay? So full gasoline... Of course, we knew gasoline was coming down. That's down 7.7%. That's a monster number on the way down, okay? That's the most since April of 2020. Utility price is down 3.6%. Food up 10.9%. That's a big one. There's no doubt about that. As we come down a little bit more, now, this is the one I want you to really wrap your head around, because... So, shelter. We know that the shelter cost had gone up dramatically, folks, okay? So, shelter cost rose 5.10% to 1% from June and 5.7% from last year. That's the most since 1991. That being said, what you're going to see next is you're going to see that hotel prices actually fell 3.2%. They fell... My take is that what you're going to actually see here inside of the shelter cost, because housing is getting softer, that's going to get softer. So that's going to be the next thing, and that's a very big part of it, that you're going to see flattening out. And that's going to make a difference on a longer-term basis. Now, my take is that it's not going to make a difference in the aspect of the Fed raising rates. It is, however, you can see it through the market. It is an aspect that the people want to buy the market, because they're looking out and watch this here. Let's go... I'm going to put the yield curve up so you can see this baby out. So, if you're watching Target TV, what you're going to see here is the very top. This is the yield curve. You hear a lot about it, but this is how it works. So you get the 2-year, 3-year, 5-year, 7-year, 10-year, 30-year. Well, you can see on the 2-year... This is a monster, a number on the 2-year. It's amazing, actually. The 2-year is 3.2%. The 3-year is 3.1%, so it inverts right away, right away. The 5-year is 2.9%, the 7-year is 2.8%, the 10-year is 2.7%, and then the 30-year is 3%. So, what that generates, folks, is that you are going to have bottom line, you know, softer economy. It doesn't mean you have to basically go to hell in a handbag. You'll get a softer economy, but the market is betting on that within the next couple of years, the bottom line, these rates are going to stabilize. And I suspect what's going to end up happening is that when you get a rate structure that is going up very quick, most times, folks, okay, it really takes almost a year to about a year and a quarter, a year and a half to really hit. Now, the rate hits immediately. That's not what I'm talking about. What I'm talking about as it makes its way through the economy, as it hits, you find out who has strength and who has weakness inside businesses, inside households, inside all of it. And that's where I think we're at right now. Now, the S&P bottom line looks like it's going to be an ABC structure. This is, this market's going to blow some minds, man. I mean, there's no doubt that you talk about a fast acceleration off the bottom. It's normal, yeah, it's a fast acceleration. If we get, I think it's 68 million shares, I'm looking far out here. What's that one? That's 79 million. Yeah, 68, 68 million. And you might not get it. You know, you might not get it out here today. We need 20 million. We'll see how the shakes are. Now, if you get that, then you have an ABC structure up to 431. And 431 brings you all the way over to, let me see this, 435. Well, it brings you, yeah, somewhere into the swing point from May 4th. Now, and the X100 is a different animal. As I, when I brought up, when I was doing the update, this is a little dangerous. And what's dangerous about it is this, and you know, you've probably heard me say this many times, when you actually have a good day and you're driving into a swing and you can't take the swing out, it's like, okay, this is kind of, you know, the swing we're talking of here is at 326.47. Now, you're going to have more volume than that. And that confounds it even a little bit more. So this is something to keep your eye on, man. That's the real bottom line. This Nasdaq might need a little more rest than the S&P. Stay right there, folks. We'll come right back. Our phone number is 877-927-6648. We have the Dow. Dow Industries right now is trading up by 435. The Nasdaq's up 325. S&P's are up 76. We'll come right back.