 Over to our man teddy keg stat folks. You heard the ad at the break there If you haven't checked it out yet head on over to the friend page of TFNN comm You'll see the tiger forex report right there by our man teddy keg stat. He kicked this off a couple weeks ago He's got new issues every week out there. He covers many of the pairs in the forex market He also covers that crude market. He also covers the bond market. You can use code Teddy 25 folks, okay for this month only it's already July 13th Still comes with a 30-day money-back guarantee So please go check it out some great information out there if you're not trading off that info It's not something you have the time for whatever the reason cancel get a 30-day money-back guarantee if you decide to keep it You lock in 25% off for the monthly price of 97 dollars that knocks you down to 72 75 And you get to keep that rate for as long as you subscribe and man teddy What a great day to talk to you today. Good morning. Good morning, Tommy. Yeah, that CPI number sure has put a little Bomb off in the markets today, right? whoo Where do you want to start Teddy? We got you know We've been talking about the CPI a little bit of course 9.1 percent. You're gonna see that everywhere on the news tonight tantalizing number for sure But the core number was hot month over month was hot We see rates right now the 10-year back above 3% were at 3.02 But we got a little bit of easing in those crude prices I'm not sure if you caught the interview with Kevin Hanks, but he was talking about you know It is stale data that it's it's almost the middle of July already What's your take on crude right now? Maybe in CPI or where we go from here? Where do you want to kick things off this morning? Well CPI, you know, I seem to remember there was a certain person about a year ago that said that the big Economic numbers CPI being one of them We're gonna be some of the biggest things that we need to watch moving forward over the next couple of years And I think you can see that it's true And we it's gonna be a long time before these numbers stop to be such have such an impact on the markets So I mean the bonds had a nice spike high last week. They they ended a correction They tried to get them up, you know again this week and they peaked out yesterday Anyone that read the forex report saw that we hit that nice little target area And I think that you're gonna start to see them start to hit support So the dollar is gonna gain strength, you know So and I also think that the more the dollar gains strength and some of these other currencies start to get a Pound their new lows and stuff like that that you're gonna see oil start to not just stabilize but start to rise again Yeah, it's interesting. I was just talking about I mean from a technical level, right? If I was gonna be buying or selling crude at this price level of $95 we're at 96 21 right now over night You were as low as 93 67 We haven't seen prices below $95 or so for a while man, right? You know if you ever got back down to 75 I think the whole country would be cheering Meanwhile, we've been sitting at above 100 and we were at 105 earlier this week So yeah, I see a lot of you know, maybe we break below that level But it's it's a level that it's found support for some time man in that crude market It's the volatility factor Tommy, you know, like we can't look at crude the way it was trading like two or three years ago, you know at this at these levels, you're gonna have these major swings Yeah, even even the market to that degree, right? We get the VIX at like 26 or 27 and it's amazing that there were some years I was looking back. I don't think we got above like 14 or something in the VIX for a whole year Not not the market would deal with right now for sure Hey, how about the euro US dollar because that's getting a lot of attention man I got some friends one of my best friends lives over in Switzerland, but just talking about I got one friend going to Rome Shortly, he's all jazz man to buy some euros at parody What's your take on the euro man as we as we reach parody this morning and we're chopping basically write it around parody right now in the Euro US dollar. Oh, I'm a cell rally forecast in the euro for a while The EU cut the whole the whole area is collapsing economically. So it's not gonna stop at all, you know And here's the thing too is that, you know, I've been saying this for a long time It's not that the dollar is so strong. These other currencies are just that weak and With what our Fed is doing like people think that raising rates is a good thing right now And we should that they're just trying to catch up because they're behind the curve They don't realize that what we've doing now is we're decreasing the velocity of money at a rate that we haven't done in decades And what people don't understand about that is if you put if you were to have all the currencies at parody Let's say even just a year ago. Okay Globally, all right is on a global trade perspective now It's costing every country around the world about 10 to 20 percent more to do business with America or Even outside of America because things are denominated in dollars That's gonna be crushing economies across the globe over the next six to 12 months So if you think that inflation is a problem wait until you start to have the collapsing of banks and central Banks but the banking systems around the globe and also manufacturing as well because it's the damages We're the ones that are at the forefront of causing this damage We're gonna look back a year and a half from now and be like, oh, we should have put the brakes on that Yeah, it's quite a move man. I got the euro US dollar up there. I mean I could put it on the daily I got it up there on a weekly. It's a one-way trip basically over the last 14 months man from May we were above 122 and It's almost accelerating lower man. I can see us at 90 cents before the years out Yeah, yeah, I mean that's I mean There's no bid on that chart man for sure just even being a technical trader and in the case you make, you know Israeus in Europe versus US man, it's a tough I mean, what are they gonna do for the central bank over there when they're dealing with so many issues, right? And and right they're dealing with an economic situation with the war going on with energy They're reliant on on Russia for energy at a time when they have inflation out of control And they're supposedly supposed to tame inflation at a time when they have so many economic problems right now And and this is is now one of them for sure with the euro just getting pummeled man. So I don't know sure Let's talk the bonds can we for a second because quite the move of course for the bonds now the conversation I heard already this morning. They got whether the Fed goes out potentially 75 or even a full point I think I saw 30% close to even 40 or something like that a full point What are you looking for the bonds? Does that change it all this morning? Does it accelerate? Where are you looking for the 30 year? I'm looking at us to start hitting new lows again There were the high that we had a week and a half ago was really nice high as far as the ultimate correction from them at Last swing low that started in the middle of June. Okay, so if the if the bear market is still there and in place We hit a nice little target there a week and a half ago Then we had a nice little reprieve the bond started selling off again And then you saw what happened over the last two sessions We had a big bounce this week and now this number is the catalyst I think is going to propel us back to making newer move lows If that's the case and we start to get below I would say like 136 in the bonds Well, then we're looking at seeing 128 in the bonds probably and then within the next two months Maybe even less than that Nice. Yeah, I mean just huge moves on that number this morning it dropped two full points like that We're in 130 809 Yeah, the rates is going to be an interesting one as they affect everything right now going on one percent forecast too If that really is something that's on the table, I mean, I made the comment Long before they started the raising of race that what they need to do is do a three quarter one point rate Rate hike then leave it alone see what happens for a little while And if you need to raise rates again do it But what we're doing now is not helping things and I'm telling you it's gonna kill the velocity of money And if I'm right on that one, we're gonna have problems You're gonna be going to Walmart next year and being like, okay, well now it's not a matter of food It's about almost everything that's that we buy from other countries because Manufacturing plants are gonna close, you know, we're not gonna be getting these goods So there's things that not everybody buys on a daily basis But you're gonna see more and more shelf space either getting empty or it's gonna be all filled with the same stuff You know what I mean, so it's all for sure man as a trader It's pretty wild right now the volatility that it's just Come true. I mean I say it but we're can't overstate it. No, I know we're living it So it seems like it's just status quo, but folks it is a trader's dream check out the Tiger 4x report folks Teddy, thank you so much man. Have a great one. We'll talk to you next Wednesday. Okay. Thanks, man