 The following is a presentation of TFNN The morning market kickoff With your host Tommy O'Brien Good Friday morning everybody. I'm Tommy O'Brien coming alive from TFNN It's jobs Friday how about three hundred and three thousand jobs added for the month of March You get revisions to the upside net revisions in prior months of about twenty two thousand jobs That was ahead of every single economist in Bloomberg man forty seventy four Bloomberg economists at Bloomberg that number eclipses all of it. We get a hot number the market They like a resilient economy right now even as we have higher yields Even as the possibility of a cut potentially gets pushed back even further into the future And nonetheless, we take a look at the markets this morning quite a sell-off yesterday You drop down more than a hundred points from where we were in the afternoon You were trading at fifty three ten we accelerate to a fifty one hundred handle in the after hours of last night This morning we zoom in on the volatility on that number You catch a spike up to fifty two twenty five But just like that we give up that spike you see the volatility at eight thirty you made it down to a fifty one hundred handle yet Again, you have the S&P's right now Positive by twelve points, but keep in mind you're positive by twelve points But as I just mentioned quite the sell-off yesterday of about a hundred points in the S&P's even higher than that level Nasdaq 100 you're up by about six tenths percent right now 18,000 140 you get the Dow up by 43 points. That's about one tenth percent in the positive We got a thirty eight thousand handle in the futures thirty eight thousand nine fifty seven and the Russell Watch out for those small caps man the Russell all the other indices in the green the Russell not so much man Russell down by twelve you're below the lows of yesterday's session You're off by about six tenths percent in the Russell trading at 2062 we jump around to everything this morning Bitcoin down about $1,800 at $67,000 on the mark. How about crude man? Quite the run yesterday up to an 87 handle this morning We're just under that price level crude is up 29 pennies right now training at 86 89 You jump over to gold in light of what's happening with the dollar index right now gold holding up relatively well Folks the last weekend for the gold report sale going on if you haven't checked it out right on the front page of TF And then we'll talk about it later in the program You can save 35% off the monthly price 22 years of the gold report going back to 2002 remarkable gold as I mentioned flat right now in the session at 2307 and yeah when we get into yields in terms of what's happening with you So what do you have you have higher yields? You just got a drop of 20 ticks in the tenure right now That is correlating to a yield right now of 4.4% we're sitting almost at 4.3 coming into that number We're sitting at 4.4 right now as our man Basel Chapman says the day is young man We got 20 minutes to go until the opening bell the market a lot of data To break down what is going on in terms of Where supply is going to equal demand when we finally get the opening bell How about the third year down a full point and 10 ticks at 1 1704 I mentioned the dollar index when you have your higher yield. What's that going to do? Look at this dollar chart folks and look at what gold is doing. Okay, and you know, there's a reasonable Nature to say that man gold's been on quite a run Maybe I'm a little late to the party and of course we don't know what the future is going to hold Okay, but look at this gold strength. Excuse me. Look at this dollar strength You have going on this morning. The dollar is up almost 50 pennies from 104 20 to almost 104 70 You have dollar strength on the heels of higher yield. You see it on a daily basis and look at gold Just gold hanging at these highs man. Okay Many times you would see if you see higher yield spiking If you see dollar strength, right? What happens you see gold getting punished and that is just not the case this morning Remarkable how well gold continues to hold up. We got a 2,300 handle on gold and you see the volatility We just had yield spiked dramatically and basically you have gold off only about three or four dollars from where it was trading at 8 a.m This morning coming into that number. Yeah a little bit of volatility to the downside on that first 830 bar These are 530 bars, but boy that is remarkably strong in the face of a strengthening dollar We jump over to the volatility index quite a spike yesterday We almost got a 17 handle and we got the Vicks sitting at 16 39 all things considered volatility premium going up In this market after a sell-off of about a hundred points yesterday in the S&P's and what is remarkable, right? Check out this chart. Check out that line that we got where the Vicks pops from you put it back on a daily We had talked about this line for some time and Accelerates below that line on the Fed meeting of March 20th. But boy, it's holding. Well, you spike on that high You spike to a 16 number almost to a 17. We're sitting at 16 42 pretty important area in terms of how this market handles Higher yields coming at you right now on the heels of a very strong jobs number to put it lightly And we'll jump back to those yields all important Where are we sitting? We're almost right where we were Almost about six weeks ago February 23rd We were at a price point in the 10 year as low as 109.09 February 22nd 109 10. We're only about five or six ticks away from that You see the bar that we got going on right now. It's almost a full point. You were up to one 10.06 at one point We're sitting right now at 109 16 with the 10 year yield sitting at four point four percent. There's your number four point four percent All right, you get into the numbers in the jobs. Let's do the headline number the headline number 303,000 come on. We got a lot of screens up here today my computer catching up There it is 303,000 jobs added unemployment rates slipping to three point eight percent now The unemployment rate was expected to commit at three point eight percent the expectation for the jobs number was about 200,000 some numbers 207 214 Something like that non farm payrolls I mean, how do you make the case the cuts got to come soon when you continually have this market delivering with jobs That beat all expectations pretty remarkable to say the least Average hourly earnings also a number that the market was watching closely Rise point three percent from the previous month that was right in line That put them up four point one percent from a year earlier marking the smallest on the year gain since June of 2021 both those numbers pretty much in line so wages pretty much in line But the jobs just keep coming man and chairman Powell has talked about that they are watching that headline number for jobs Okay, wages are an important component right now But they are watching that number for jobs because any sign of weakness would indicate the need to potentially begin cutting Maybe quicker that they anticipate that's a number. They've been watching and what happens. Yeah We're stuck right now where jobs just keep crushing the market in terms of beating expectations across the board If you didn't have the recency bias folks I've talked about this before and I think it's something you want to keep in mind If we all didn't have the recency bias that somehow we have to dramatically cut rates well below where we are a five and a quarter percent If we didn't have this environment that for 15 years practically even longer Maybe we've been sitting in an environment of very low interest rates. Okay, that somehow we're accustomed It doesn't make sense think about it folks Okay, it didn't used to be the case that you go out you buy a car for five six year alone And they're giving you that loan for free that did not that's not how the economy usually works. Okay? You usually now I know they're factoring in some of that cost Okay, but hear those words because when you think about it times are changing the growth rate of this economy right now Is probably well above where it was prior. We're still dealing with inflation. We Definitely have full employment in terms of how the Fed looks at full employment right now with an unemployment rate sitting at 3.8% and we're still dealing with inflation. So with that in mind, man We we got some time for cuts right now. I think we got higher yields coming at you We got a lot to talk about folks on Friday jobs. We write back. Don't go away 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 when 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 in the world of trading only a few names stand out like Larry Pesavento a Pros-pro with over 50 years of experience Larry has seen it all a former Chicago Mercantile Exchange member Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise introducing Fibonacci 24-7 Larry Pesavento's daily trading service that turns the complexity of markets into opportunities published every Sunday Receive a comprehensive report packed with detailed commentary charts and videos that illuminate the patterns shaping the markets with Updates throughout the week Exclusively for subscribers whether through charts or videos Larry's analysis is your roadmap to navigating the markets You can sign up now at tfnn.com for just $97 and with all tfnn newsletters backed by a 30-day money-back guarantee You have nothing to risk for all the details visit tfnn.com You'll find Fibonacci 24-7 right under the newsletters tab tfnn has launched the Tiger's Den hosted at discord tfnn has been educating traders for more than 20 years with live Programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris' For just $1 for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this Educational community of traders 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 it 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 it is 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 a funds investment objective risk charges and expenses contained in the prospectus available at direction.com read carefully distributor four-side fund services LLC folks we got the market holding on to gains s&p's up about 10 points right now trading at 5206 it is important to take the context of this run that we've had folks from 41 20 As recently as October of last year It's barely April and that reading is from late October and we're only in early April So you're really talking about a five-month run where the s&p's accelerated from 4100 up to 53 33 50 We're just off that level if you get a reasonable pullback, all right I'm just bringing some context to the situation here even a 3a 2 Which is sometimes considered a healthy pullback in a positive bullish market You're talking about a move of potentially 350 points to 4864 And that would bring you kind of to the area where you chopped around for a bit from late December to where this thing really started Accelerating again when you broke out towards the middle of January not saying that's what it's gonna happen man And this economy it doesn't even matter right now They used to be good news was bad news right and it's a tough one for yields But good news in terms of the market beating every single economist at Bloomberg in terms of what they were looking for for jobs added No, it's not necessarily bad news because the market now feels like you know what we might be able to handle higher yields Because that's the case and that's where we are and you got the s&p's positive Even as we continue to push back the conversation of cuts in this market. It seems like okay The market is getting used to the idea that rates are not going back to where we were at some point And that's an interesting one if you really adopt a different nature in terms of what the market's willing to accept When you talk about lower yields on a longer term basis and we're now looking at no, that's not gonna be the case man We're gonna get some cuts eventually, okay I don't think the feds gonna sit at five and a half percent in terms of where they feel our star the natural growth rate in the Economy as it's not five and a quarter to five and a half percent. That'd be pretty gangbusters if it was even in this economy It's not quite at that level. So they'll be coming But we're still dealing with inflation. There is no pressure right now to cut Feds got two mandates full employment and Price stability the conversation is still persisting about price stability And I don't think anybody is wondering whether this economy has full employment right now Not on these type of numbers unemployment rate 3.8 percent. We're adding 300,000 jobs in March That does not scream that the Fed needs the lower interest rates to spur economic growth Okay, and that's the reason why you do it the Fed cuts interest rates to spur economic growth right to provide More capital to growth versus less capital right a looser economic policy Allowsing allowing capital to flow more freely versus a tighter economic policy to cause That capital to tighten up the cost of capital is what allows it to either be faster or slower Why would they need to? Allow for a faster growth rate of capital and the economy right now with everything going on pretty remarkable All right, I'm gonna jump to first we're gonna jump to the yield curve a little bit Let's jump to this one just to see what we have going down the line up and down the line on yield curve You got the two-year jumping seven basis points How about four point seven one percent on the two-year right now, you know I used to talk about the five-year ladder right now folks. We got a five-year ladder You know if you've been in this market and you've had the run from 4100 up to 5300 if you're living off You know fixed income if you're in a retirement scenario where it's just not worth it If we get a pullback of 10 to 20 in this market, okay Sometimes it's just not worth it folks. Okay, and I know i'm shifting from a trader mentality But boy we have some remarkable yields right now And you're looking at a five-year ladder where you can lock in about 4.65 percent right now on a five-year ladder You're looking at a two-year yield of just above 4.7 percent that two year is up seven basis points The tenure up a similar seven basis points right now remarkable across the board All right now jumping to some of the comments that we have for the fed, okay ira jersey he is For bloomberg, what's his uh chief us interest rates strategist hear from him a lot on bloomberg love bloomberg They got some great takes uh, it'll be different. I agree with this take It'll be difficult for the fed to make the case to cut rates if they are truly data dependent We'll look at 4.5 percent as the next important technical level for the 10-year treasury yield We're sitting at about 4.4 percent right now We came into this data point at about 4.3. We'll see where the day goes It is a young day as we like to say Some of the other data points in there that could be indicative of something going on. Okay It's worth noting the bls This is the bureau of labor statistics unemployment rate for black americans increasing a march to 6.4 from 5.6 So are there some pockets of weakness in there in terms of where? Uh, maybe there is a little bit of lag and that the economy is weakening in certain sectors of the economy In certain sectors of jobs as you have an uptick for black americans 6.4 percent from 5.6 That is quite a rise even with the headline number sitting at 3.8 percent Just talked about you got the two-year jumping dramatically. Okay, the short end of the curve is really going to be impacted right now When you continually have cuts being pushed back in this economy The number of people not in the labor force who want a job little unchanged 5.4 million Is that number now we get consumer price index out tuesday? That's going to be important one folks. Okay As they stated here that clearly the market's not willing to really throw in the towel until we see that cpi Still the jobs data only accentuates the pain for investors who piled into the belly of the curve At much lower yields this year remember we're talking about six or seven cuts If you were buying fixed income at six or seven cuts folks You talk about some volatility to put it lightly Now this is what I talked about three hundred and three thousand is the headline number I mean come on economists not nobody was going for a little bit of a tail risk to the upside Every single forecast in bloomberg survey of 74 economists That's why economists take a little bit of heat sometimes man Every single one of them didn't eclipse where we were pretty remarkable and you have to factor in The previous two months figures were revised up by accumulative 22 000 So not only do we beat by about a hundred thousand jobs in march But the revisions add a number of 22 000 as well And one more thing I wanted to talk about is Leisure and hospitality. How about it folks the 49 000 jobs added to leisure and hospitality mean that sector is now finally back to its pre-pandemic february 2020 level Remarkable when you think about what happened in that part of the economy right the destruction that occurred in many leisure and hospitality jobs They were late to the party coming back and they have eclipsed where we were in february of 2022 So that's a remarkable story persisting as well. We're back to the market You're sitting at 52 11. We got less than four minutes until the opening bell. You got crude rising yet again We're up to near the pre-market session highs 87 dollars. Go fill up those gas tanks folks. How about gold? Okay, gold could be the story right now. It is the story folks Look at how well gold is holding up and then I jump to the dollar index Okay, you have dollar strength and even gold priced in dollars. I mean steve rhodes always talks about gold priced in many different con currencies Yeah, gold is probably through the roof in many different currencies when even priced in a strong dollar You are still priced over 2300. I'm going to keep talking about it because this is the last weekend folks head on over to the front page of tfnn Sign up for the gold report add that code 22 years lock in 35 as long as you remain a subscriber And ends this weekend. We'll be right back for the opening bell Are you ready to take charge of your financial future? 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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 then hit watch tiger tv That's tfnn.com then hit watch tiger tv Welcome back folks. We got markets open s and p's up about 12 points We're gonna see how this market reacts man As we always see the first move is not always the move that sticks on an important economic data point like this What is the move that we've had so far? Well the move we have and it's a real move folks We got higher yields. All right. We'll jump to the 10 year right now the 10 year a little bit of a recoil Okay, we're still negative by 16 ticks, but you were as low as about 109 16. We're sitting at 109 20 That's the 10 year you jump over to the two year. You see the slide. We were sitting at about 10205 We're at 10201 right now for the two year you jump over the dollar index anytime that you're getting A higher yield that's going to be strength into the dollar index the dollar sitting at 104 63 right now We check in on the dollar yen anytime you have dollar strength, right? The officials in japan They're not enjoying their afternoon nighttime coffee because it's what time is it in japan right now? Probably what seven eight nine o'clock at night. I think in japan right now Uh, yes yen weakness That's going to correlate to dollar strength. You have the yen right now back up to the 151 70 area You were all the way down at 150 80 as of last night continued continued dollar strength and yen weakness in this market and you jump over to the gold contract All right, and as i've been mentioning even in the face of all that dollar strength You have gold holding up holding up relatively well And that's putting it lightly folks holding up very well at 23 12 for gold We jump over to silver right now silver sitting at 26 82 we check in on crude As you got crude right at about 87 dollars and we get the markets accelerating to higher price points pretty remarkable s&p's Sitting at 52 14. All right, let's jump around to some of the equities We'll kick it off with the biggest equity in the world microsoft shares There's a little volatility for you yesterday from 428 down to 417 Microsoft barely positive by about three tenths percent this morning. You jump over to apple shares. They've been struggling They're positive by three tenths percent. We jump over to amazon shares There's a lift for you up by 1.2 percent meta had quite a day yesterday Even though they give give up some of it meta up another two percent so far this morning google shares Barely positive google up about one tenth percent navidia the ai poster boy catches a bit up by 1.56 percent Just thinking of our man mic from summerville and his buddy eric out there Talking about potentially short navidia. That was quite a slide for navidia shares yesterday 50 dollars from the upside to the downside for navidia Extreme volatility in this equity and that's putting it lightly navidia though catching a bit up by 1.6 percent This morning for navidia shares and we got to talk about tesla Be careful in tesla folks. Okay, you got green across the board right now And you have tesla down 1.1 percent at 169 16 Seems like a perfect storm hitting tesla shares across the board on a longer term basis And yeah if you get a multiple compression like i was talking about yesterday We've seen it happen before on some of these equities right you've seen it happen on meta They've rebounded you've seen it happen on some of the growth equities in particular You start getting multiple compressions and you have a yield that is trading with a yield that is higher for longer Growth stocks, especially growth stocks that aren't growing where the market thought they were growing be careful for tesla shares folks Okay, and this is not some big anti elan story. All right. I think elan catches way too much hate for what he deserves Okay, even across the board on twitter, man. That's a private company. Everybody gives him all this grief You want to buy a private company do whatever you want with it, man? That's the deal when you're in a public company It's a completely different deal. Okay, that's why some of the things that he's done with tesla in terms of putting out messaging That's basically an outright lie across the board sometimes as a public company when you go to public markets to take investor money There are regulations that you need to follow. That's not the case with a private company Okay, so there's all this distorted nature in terms of how those two stories play out But there is a real problem going on with tesla right now Even at a price point of 169 when you look at where the ev market is When you look at where tesla is and you look at the saga going on with his pay packages With the stocks that he has Margined and where those margin calls may incur for tesla shares at a time When he it's going to be very difficult for tesla to make a lot of money When they need to reach economies of scale, which means pushing out more cars And how do you push out more cars when you have a demand problem? So keep that one in mind if you're looking at tesla, man Because even on a day when we got markets higher you got tesla shares trading down 1.4 percent right now Yeah, they're talking about the japanese people. I was very lucky folks I went to an outstanding school noble in grino in deadham, massachusetts If you're around the boston area you're looking for an outstanding school Boy, I was very privileged to go to that school. One of the things so I started attending it in 1992 We're going off on a little tangent here 1992 all right, let's see where the dolly yet. Does it even go back that far where the dolly yet was? This is when japan was going to take over the world folks. Okay Let's see. All right, they bring it back for perfect. We're going to zoom in on the action here Where are we in 1992? 1992? You're the dolly yet trading at about 107. Okay Now remember as this number goes higher that indicates yen weakness as it goes lower that indicates yen strength. Okay You reach the strongest point out there at 81 96 was in which was in about april of 1995 So I started attending that school in seventh grade and they offered japanese They offered japanese spanish and french I believe with the three languages that they offered you were required to take one language at the time Said, you know what? We're gonna go big. We're gonna go japanese and uh, it was so cool at the time So in middle school, it was more of a cultural Class as well you got to learn about it high school I had some outstanding teachers And you got to of course learn the language and then I was very lucky to go on an exchange program After my summer summer after my sophomore year so young when you think back to it, right? So it was about three or four weeks went over there stayed with a family who had a student who was in a accelerated program for english Very kind girl who was probably my similar age sophomore junior had a great family two great parents very kind people There was a brother in the household as well and What was so cool was I got to be over there and when you look where it was, right? I remember the conversation in terms of so I think that might have been Maybe it was about here in july of 96 So you had yen weakening from 85 all the way up to 110 I remember my dad telling me that you know, it's better than where it's been You're getting a much better conversion rate than where the yen had been in terms of strength In terms of where you were over there But I remember I would go to bed at about eight or nine in the evening And I would call my dad and he'd be just be kicking off the day at about eight or nine in the morning So pretty cool how that happens And as we know it didn't quite pan out for japan as many expected back then And unfortunately, I didn't continue that language in college and I forget a lot of it at this point Which is a bummer, but boy that was an amazing experience and the japanese people were so kind over there I'll tell you a quick story If you ever heard of pachinko, all right, that's a form of gambling japanese love to gamble I don't think that's any uh any any secret. Okay, so they have these pachinko parlors over in japan And what happens is as american teens and this is back in 1996 or something like that You appeared older than many and they really weren't that worried about the regulations and the yakuza the japanese mafia They controlled all the pachinko parlors over there anyway, okay And so what would happen was we'd go in and we weren't drinking even though that they sold booze In vending machines on the street because we were a little young for that thankfully and we weren't up to no good like that But we will go in there and play a little bit of gambling I'll never forget man one day we're playing slot machines. Okay, and these type of slot machines They have three roles, but these ones you stopped each one So you had to stop each one I think I'd lost like 30 or 40 bucks or something like that. Nothing crazy Kind japanese man. Okay. We I couldn't even speak the language that well at this time. He comes over and says It's all language just all all um using his hands. Let me let me do this Basically, he goes pink pink pink and wins me like 200 bucks like that. I couldn't believe it I don't know how it happened to this day. I don't know either way. We'll come back. We'll talk to the markets So stay tuned be right back 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? One simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most trading influencers have been alive And over that time he has honed his methodology in order to accurately call movements in a wide range of equities From semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices Selective stocks and more opening call subscribers also receive access to dozens of educational live streams That can be accessed at any time for your edification All first time subscribers receive a 30 day money back guarantee So ignore the pop trading influencers and start learning time tested technical analysis For traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify Short-term perspectives with up to three times a daily leverage Utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets These are highly leveraged ETFs with daily resetting designed for short-term trading not long-term investing Whether you're a bull or a bear You choose the direction for up-to-date pricing and performance go to direction dot 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 a fund's investment Objective risk charges and expenses contained in the prospectus available at direction dot com Read carefully distributor four side fund services LLC This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz Back folks s and p's can't hold this market down man s and p's up 21 points up four tenths percent in the context of yesterday's Acceleration they'll watch out in terms of that was quite a while wipe out yesterday But even with the hot jobs number man this market they take it they run with it to the upside And we have the tenure right now jump in a yield to keep an eye on it Kind of clawing back some of that pullback, which is interesting. We were all the way down to 109 17 We're at 109 22 right now So to finish up that story because it was so interesting and I appreciate all the people in the in the den because it was Just an absolutely amazing experience We got to see an amazing amount of historical sites at the time visiting buddhist temples We stayed at one buddhist temple in japan But what was remarkable so just because I rushed it at the end there So imagine we're sitting there. We're a few kids, you know, we're from america Some gentleman out there. He's playing a few slots. So they have pachinko Which google that to to figure it out. It's kind of like a vertical Um, plinko plinko. What's that game on on prices, right? Um, plinko I think or something like that But they also had slot machines, okay And you had to these types of slot machines You got to stop each wheel yourself as opposed to the vagus ones where you just spin the wheel and they stop stop stop You got a match of mind these ones you actually hit a button to stop each one I don't know if that button correlated to exactly how you do it But I couldn't believe it. Swear to god This gentleman playing a couple things to the right, right? We're losing 30 bucks 40 bucks Which was a lot when you're 16 dollars going over there for a period of a month And he literally comes over we put in the money He takes his finger hits the three wheels hits hits, you know, not like some crazy jackpot We won like 100 bucks 200 bucks something like that and he gives us like a nice sign and walks away Blew our mind. I remember to this day. It was just it was like, what was that? How does that happen man? Does this guy got the secret is he running the show? Nonetheless, right? So that happens now. Here's the coolest part if you didn't know how they got around it So technically gambling was illegal But what they did was okay, imagine that they ran it somewhat like an arcade Okay, and the way it works is technically is that you were playing for prizes Okay, so just like you go to an arcade you win tickets You take those tickets up to the counter and they have just like in any arcade in america right now They have a number of different prizes on the wall that all correlate to a level of ticket sales Okay, and those tickets you win by playing the games like pachinko or the slots. Okay. Now. Here's the kicker So let's say you win 500 tickets whatever some arbitrary number. Okay, those 500 tickets win you x prize Okay The way they loop hold the legal regulations again remembering that it's run by the yakuza Okay, so it's not just some joe schmoe loop holding the the laws over there They give you a prize And then what you do is you take that prize and you go out back and you sell that prize to just a random person So you haven't gambled what you've done is you've played a game for a prize Which is completely allowed just like you're allowed to do in arcades arcades in america right now And then you just happen to go out back and you have somebody willing to buy that prize off of you for cash Now what was so interesting is you go out back There's a little shed in that little shed is one little Port hole that you slide this little prize that you've won under All you see is a little hand come out of that little shed Take your prize and give you your money But that was the system and that's how they loop hold it and therefore that's how the gambling flourish quite an education for a 16 year old coming from america, man But boy as I speak to it right now I remember it like it was yesterday because the whole existence of the gentleman helping us out Probably seeing american kids losing their money. Maybe he had a system. Maybe he didn't maybe he was in the yakuza And he knew what was going on. He just wanted to make sure the american kids were having a good time I don't know what was going on. Nonetheless an amazing memory And I had all amazing memories over there just uh, yeah very kind people across the board And being able to see those historical sites some of those old buddhist temples, etc. Very amazing as well All right, let's jump to what else we have going on this market. Let's check out some of the headlines we got going on 303 000 and 3.8 percent that is the headline out there for sure now Yeah jumping around to where we are I mean look at the ev article right you can't escape A day without poor ev articles and this is just reminding you what's going on folks We talked about it last year with tesla in terms of the price hikes And the people just getting clobbered when you had the price excuse me the price Decreases across the board poor resale values of evs threatened adoption warned some experts. You better believe it, man Okay, if there is a demand problem Are you going to be the one buying evs at this price point if you're talking about that potentially You have the average price even continuing to fall further Elon plays the long game Okay, and the long game right now is they need to increase economies of scale And the only way to do that is to offer the masses a better price point That's the only way he's going to bring that company to the masses They got to get a lower price point The only way they're going to do that is to decrease prices sell to more people And how do you do that when you have a demand problem? I don't know But even as somebody myself now I bought a vehicle five years ago to like this month almost five years ago I bought a vehicle and I remember thinking at that time. You know what? I'll buy this vehicle And maybe by the next time, you know, we're going to be looking at 2024 2025 the next time I'm buying a vehicle You got to think back to where the world was at that time folks I think in 2020 elan was talking about that you're going to have a self-driving. I'll look up that quote during the next break Self-driving fleet of vehicles, right? Remember the promises that you're going to be able to drive from la to new york in a tesla that'll pick you up Drive you there all at once Self-driving automated, etc. So I'm saying myself. All right. I'll I'll buy a gas vehicle In 19 and by the time it's my next vehicle the next vehicle is probably going to be electric How far are we from where we thought we were going to be at that time? Yeah, about as far as you could probably be In considering where we thought now this one's interesting talking about hondas genesis brand is a dark course in the us luxury vehicle market folks hondae Kia boy, they got it going on right now man hondas genesis launched in the us nearly eight years ago But the south korean luxury brand has proven itself worthy of the domestic market. You know, I've talked about before man now the genesis brand, okay It is pricey But they got something going on man and when you think about that, you know, it's the hondae group They got kia in there as well. I've talked about myself. I was looking at buying a three row suv Look at the genesis sales in the us's annual units sold Just keeps going up man. Okay. They got quite a thing going on pay attention to hondae Especially when you look at kia because the kia telluride in particular folks. I've said it before Probably the best bang for your buck in terms of what you get per dollar for that vehicle. It's a three row suv and I mean the price 40 50 000 dollars and yeah, you know, you want to go out there and you want to buy a chevy ucon Um denali something like that. Yes, it's a better vehicle than a kia telluride You're going to pay twice. You're going to pay 100 grand versus 50 Is it really double and in the face of people trying to save some cash right now? The notion of spending 100 to 110 thousand dollars on a vehicle folks I don't know that one's a tough one right now to get over in my head and it should be a tough one Okay, because you're approaching, you know, and even with housing prices going up. I'm in lakeland, florida You can find Houses for 300 000 dollars here So how do I rationalize buying a vehicle for a third of a house when realistically that vehicle over the course of five or ten years is going to You know depreciate to a dramatic degree Versus uh companies that are really delivering value like hunday like kia So, you know in the car conversation Keep that one in mind and we jump back to tesla down 1.4 percent today Let's see how some of the other car makers are doing forward up by three tenths percent Quite a quite an acceleration lower for them yesterday, but ford They're ditching They're fully electric vehicle ford was the explorer or expedition and they're going for hybrids And uh that was by the year 2030. So there's been a dramatic shift the next five or ten years dramatic shift in this market Speaking of the market, we got higher prices folks markets at intraday highs s and p's right now up 26 points one more segment Don't go away folks 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 that 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 The market folks we got the s&p's up 31 points nasdaq 100 up 140 dow up 117 rustle lagging a bit up by 3 i mean check out some of these accelerations man amazon up by 2.7% right now we jump over to Microsoft up a full percent navidia shares up by 2% right now whoo how is apple doing apple up by 4 10th percent pretty remarkable you checking on tesla shares down by a full percent now I did google okay and what did i do let's see what did i exactly google so all i googled was elon tesla self-driving fleet quote okay and you go down a couple news articles and it's remarkable where it was because i knew that i was thinking at the time i said man these these stories are coming out i said what did i do i said i bought a car five years ago right when's this story from five years ago april of 2019 what's the headline elon musk predicts tesla driver driverless taxi fleet next year he was telling the public folks that by the end of 2020 he's going to have a fleet of self-driving vehicles remember that remember the words okay in 2019 how is that even legal as a ceo to be spewing that type of language when you are so far off to where the world is um yeah now now you know there's many others that popped up here okay musk's bet on tesla human like robots and self-driving cars let's pull this one up this one's from roiders and listen this is not about hate like i said okay this is about you know you can't lie to the public man and i there's there's something as optimism at hope and that is great okay but this one's from 2022 human like robots and self-driving cars and the one here said that um i would be shocked if we do not achieve full self-driving safer than human this year i would be shocked that was january of 2022 so keep those quotes in mind okay this one comes there um yeah here it is i would be shocked if we i would be shocked if we do not achieve self-driving full self-driving safer than human this year i would be shocked i i don't know how in the know that you could make that case reasonably folks and we're gonna finish it up with gold head on over to the front page of tfnn folks gold is up 12 right now even in the face of a dollar index that is spiking higher check out that gold report sale folks on the front page it runs through this weekend have a great friday stay tuned for basil coming up next folks have a great weekend