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We have the DIA down, NDX, the Q's down, gold is down. The thing we have up right now is the dollar. And so we're just past that 102 mark. Moving on here real quick. So we'll see if we can get back up to this 105 area and see if 106 can play for the dollar. But this guy has been rallying quite a bit. He's been pushing up. He's been having this real tough resistance since about March, end of March, beginning of April, getting over that 102 hump. It did today. Nice big bar up. So we'll see what happens. Obviously, Tom was talking about it on Twitter today. Someone asked a question with the DX, with the dollar running higher, what does that mean for us in the market? Particularly gold. So usually these guys have an inverse relationship. So we might see a quick retrace of gold down to some level. The GDX obviously is down 0.22% right now. We'll wait and see, we'll wait and see what the dollar does. Today, one of the things I wanted to talk about, the thing that is not red, is First Solar. So First Solar makes solar panels, essentially. And they just acquired a company called Eveler AB, which is a Swedish company. They make the film that goes over solar panels. So this has been huge. As you can see, this jumped up 25%, just today. We were trading at what, like around 180 before this news came out. Obviously, huge jump. You can see it kind of retested this level. The last date with volume from March 1st. Just briefly dipped under it, and then we came back up. Obviously, this major volume was on some news. It's outside of the technical with it. But you can see it did retest that level in the last date with volume, and it crept up. And it did that as well on the day. Okay, still there. My mouse is no longer working. There we go. I love that. Anyways, if we look, if we go to a yearly on it, have the next, let's see. It tested this level again, right here. Broke down briefly, and then popped back up. This time with no volume. So we could probably assume that's in some way what it was going to do prior to this news. But anyways, this got big. I think the calls on it right now are like at 12.50, expiring next week, which is pretty massive. So the market still sees an upside in this stock, even though it just busted through 25%. Obviously busted through massive resistance. So give a little bit more on it. Clear resistance around 220 and regained its 50-day moving average since April. The stock Fargston from prior breakout passed the buy point of 185.38. It was the best performer, obviously, in the SPX today. Pretty intense. It's on track for its highest close since September 19th, 2008. And then really, solar stock in general has popped up today on this news. We look at Ray. Let's see here. Ray's up 15%. This kind of is what happens, right? Like you get a big bust out in the market with one company in the whole. The rest, everyone wants to get exposure. Maybe they don't want it in that stock. I mean, is that really like a long-term thing? Ray hasn't done anything differently. And I'm currently, and I looked, I'm currently not aware of anything larger in the solar market that would drive a sector-wide increase like this. We can look at Next Tracker as well, NXT, that popped up again pretty similarly, 10%, and then we have Scholes. And that was up 4%, modestly, at least. But these are kind of the big ones, at least in solar. If you're looking for any kind of exposure in solar, I would take a look at these. Again, that's a Ray, which is A-R-R-Y, Next Tracker, NXT, and then Schole Technologies. But we'll see if that lasts at least in the market as a whole. I'm sure First Solar will probably size a little bit to go up. But again, if we look at kind of what it tends to do, which again, of course, past performance is an indicative of a future performance. But still, we might see a little retrace in there sometime next week. Interesting nonetheless. Another big news story we have is Tesla. They're having a recall of 1.1 million of other vehicles in China. There was something to do with brakes. They weren't working properly. And this has been an issue actually, even in America for quite a while. It seemed like it wasn't so spread across the, or excuse me, it wasn't so I guess specified in just a batch like it was in China, right? I mean, you had stories of people in California getting pinned against walls because of the brakes. Obviously in China, they've found this out, but I think before anything too intense happened, everyone's like, okay, is this negative for the stock? Obviously, this stock is pretty sensitive to news, I feel like, and what I mean like that is you'll get a small sell-off, right? I think people look for reasons to try to play with this thing. But then it does kind of tend to rebound again and you get its power. I think what's interesting is the way that they're going to deal with this recall is they're gonna do over-the-air software fix, which is in my opinion, if that goes flawlessly, is actually a major bonus for Tesla to show that they can actually do this and nothing insane needs to happen. And maybe in the future, the vehicles themselves don't even need to be fully recalled if the issue isn't something so intense as brakes. So the cars started notifying drivers when they pressed the accelerator for an extended period. Tesla sold 1.13 million cars in China from 2014 through March 2023. The acceleration issue has been a constant issue, but they've been able to kind of fix it a little bit, again, with these over-the-air updates, which I think for everything that you can criticize this kind of hyper-connectivity of the world and everything being online and the internet of things and so on, that is a pretty cool component, right? Like you can just get an update on your car. Again, there's implications to that in general, but I think that's kind of a neat thing. What's interesting, at least in the production in China, they have an EV factory in Shanghai and that has produced 711,000 cars just last year alone. So that's more than half of the output that they have worldwide, and it just shows you how in, I think, you know, obviously big Tesla exposure is in China. And I think if they nail this properly and it doesn't affect the Chinese buyer too much, this recall, I think they're poised for another increase. We'll get back a little bit too. He's leaving the CEO position of Twitter. In my opinion, I think that's also another positive thing for Tesla as well. Folks, stay tuned. We will be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. 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To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. So one of the big things that's going on in the news is the U.S. debt ceiling issues that we're having. Yelena went on Bloomberg today, and she said that the debt ceiling negotiations fall through, that the U.S. will have to default on something, whether that's treasuries or social security payments. It's pretty big. The U.S. has not defaulted on anything, beginning in 1789. There's a whole history behind this, starting with the Revolutionary War and then the loans that they got, and they came up with a pretty novel idea, and this is where we started to look at debt much more like an asset. That's due to Alexander Hamilton. It's a pretty fascinating story, and if you don't know it, I would recommend looking it up. But what we can see here, and when this started first getting into the news cycle, it seems like every other year or whatever, you'd always hear that there's issues, we're not gonna raise it, or there's some kind of impasse that's going on, and this seems, for whatever reason, this year to be a bit more intense. So one of the stories they have here is the U.S. debt ceiling impasse pushes government credit default swaps to record highs. The cost of insuring exposure to U.S. government debt rose to fresh highs on Wednesday as the president and top lawmakers remained deadlocked in talks, and again, still nothing came out from today. Overraising the $31.4 trillion federal borrowing limit. And folks, it's really important, at least in the way that our current economy works, that we do not default on this. That can really, I'll pull up something from the Committee of Responsible Federal Budget in a little bit that talks more about this. But the damage that would do to the trust of the nation, at least in the financial component of it, would be pretty intense. So it spreads on U.S. one-year credit default swaps, marked based gauges of the risk of default. They widened to 172 basis points, which is an all-time high according to the global market intelligence data. And that's up from a close of 163 on Tuesday. The cost of ensuring U.S. debt against default for five years should at 73 basis points, up from 72 basis points on Tuesday, and that's touching the highest level since 2009. Again, as it says here, this pro-tracted legislative fight, we'll see what happens regarding it. As of last week, the spreads on one-year CDs implied a 3.9% probability that the U.S. would default. And that was lower than the probability during the 2011 debt ceiling crisis. Again, another protracted legislative standoff prompted S&Ps to downgrade the U.S. credit rating for the first time. We look over here, again, this is from that, excuse me, that organization I was talking about, the committee for responsible federal budget. So we can run through this a little bit quickly if you're not familiar with maybe how important this is, if you're kind of new to all of this. So the default or even the perceived threat of one obviously has serious negative economic impacts. The actual default would roll. Global financial markets create chaos. So one of the things I wanna say as well is I've been seeing this kind of tied in with all, with everything going on is the BRICS arrangements, right? I personally don't think that even if we do default, that BRICS will become any stronger. I know a few weeks ago, I was talking about it quite a bit. The way that I see it though, to kind of go into it more is this, it's an important economic block and something to be aware of, but these countries don't get along at all, right? So even if we do default, I don't think something like China would become more powerful or BRICS would become more powerful inherently just because of the disharmony that exists within that unit, but still this has major implications. So basically that U.S. debt, which is used as a vehicle currency all across the world, would no longer be considered as safe as it has been and that means something. The Government Accountability Office estimated that the 2011 debt ceiling standoff raised borrowing costs by a total of 1.3 billion in the fiscal year and the 2013 debt limit impasse led to additional costs over a one year period between 38 million and more than 70 million. So it just is more expensive to get from the U.S. government. If interest rates for treasuries increase substantially, interest rates across the economy would follow and that affects everything obviously from car loans to mortgages. The Moody's Analytics released in early 2023 estimated that a default could have similar macroeconomic consequences to the Great Recession. A 4% gross domestic product decline, nearly 6 million jobs loss and an unemployment rate of more than 7%. Moody's predicted a 12 trillion loss in household wealth. So obviously super important. I don't know if we've ever really been in such a strong gridlock regarding this. I would like to think that our government is functional enough to get something like this passed. But we'll see what happens. Again, this is a pretty intense kind of situation and so it's something to look out for and I would say follow a bit more. Crises are still going on in the banking sector. This doesn't have much to do, what I'm gonna talk about right now doesn't have much to do with something like what went on today with Pac West which is a decrease in the accounts but HSBC is being fined. Essentially they were manipulating some of their numbers. It says here, units of HSBC holdings have agreed to pay 75 million to settle US commodity futures, charges relating to manipulative and deceptive trading and record keeping failures. Seems like that's what banks are doing today. They agree to pay a 45 million civil penalty for manipulative and deceptive trading in connection with swaps, spoofing and record keeping failures. And we're gonna see some more cash outflow from some of the larger banks as well. Before we get to that, it's important to look at Pac West and this has much more to do with the perhaps systemic issue that exists in a lot of banks at least in the smaller regional ones which is just a decrease in deposits. And Pac West today, let's see if we can pull up in a second here. Their shares tumbled 20% after regional banks say deposits fell 9.5% last weekend. That's just last week too. That wasn't, what happened with First Republic, obviously they lost a ton over an extended period of time but they lost so much in those early days right after Silicon Valley. And we see something like Pac West that is continuing to decrease over time. The stock dropped 22.7%. Further extending his recent declines and Pac West has now fallen more than 50% this month and nearly 80% for the year. Give me a second here. Let's pull this guy up. I mean, that's just a gnarly drop too. You can see it in this stabilization but again, what I see is these banks are gonna continue to have issues. The larger ones will stay there because they have money and they got all that deposit inflow and rates are higher. So they're able to kind of withstand this stuff. These really highly like leverage banks but I think we're still gonna continue to see issues. I don't know if this will continue to go on and we'll have to see about that. If you look in the larger scheme with more cash outflows coming from banks, what all of this does is it requires money outflow to try to like stabilize the system, right? And there's a fund for that and it gets depleted. So US banks are gonna have to start paying way more and really JP Morgan I think is gonna pay quite a bit. We'll get a little bit more into that as we come back. So if you're in these smaller, you know, if you're in any regional banks at all, you'll be very cautious. I know there was a lot of like cowboy behavior with First Republic and that ended up biting a lot of people. Be careful with this. I think maybe banks is a large kind of sector all right, but smaller state too, we'll be back. The gold report, as a precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy sell recommendations. The gold report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. All right, so basically filling back up these coffers that were expended when the banking crisis just happened, essentially what's gonna happen is these larger banks are gonna have to pay money back into it, right? And that takes away obviously from their profits. What's going on is something called a, it's called a special assessment. So it's the fee of 0.12% to uninsured deposits of lenders in excess of five billion. And that's based on an amount of uninsured deposits bank held at the end of 2022. If we look at JPM, like, okay, so the way that this gets spread out over the entire market itself, at least, excuse me, in the entire sector, the large banks, so that's lenders with more than 50 billion in assets would cover over 95% of the cost. And banks less than five billion assets wouldn't pay any fee whatsoever. At the top 14 US lenders will need to forecount an estimated 5.8 billion a year. And that obviously is gonna erode earnings. JP Morgan is gonna have to pay about 1.3 billion annual fee. And that's followed by Bank of America with 1.1 billion, and Wells Fargo will hit 898 million. So the bank index did slide a little bit on this. Obviously this is a lot of money that they're gonna have to pay. I still think that these larger banks are okay and they're gonna be fine but they're not as exposed, right? And hopefully their management is a little bit better as well. Surrounding this is a heck of a lot of short selling. So there's actually federal prosecutors are looking at short selling in the bank shares. The federal prosecutors in Washington are looking at a short seller activity around the recent volatility in the US bank shares, sparked by the failure, obviously, of those three regional banks. Their activity around the banking crisis is a, quote, area of interest for the Justice Department, which is looking for potential security market manipulation, the person said. Other regulators are also assessing potential market manipulation by short sellers, but the scrutiny by criminal prosecutors, which has not been previously reported, raises the stakes for potential wrongdoers. The KBW Regional Banking Index, a lot of 24% since the day before regulators shut down Silicon Valley Bank, and the short sellers range, obviously to borrow shares, they consider overvalued and sell them in hopes that if the price drops, they can repurchase them for less than the pocket difference. That's what that is. There has been a profit in short selling of 1.2 billion during the first two days of March, and that's according to data from the analytics firm, Ortex. So we'll see if anything comes of this. I mean, really, it was interesting to see when, I'll talk about FirstPublic because I was following it quite a bit. Usually when banks suffer like a big crisis like that and they get a run, put on them, and deposits outflow, the longer they stay alive, the better, right? And so you could make an argument, it's like, well, you get calls or you buy a position in it because you think it's gonna go higher. However, I still think that, I don't know how much manipulation exists within this because we keep seeing massive outflows that continue to happen. We can see in larger banks are absorbing those outflows, the immediate effects of those kind of things. We'll see if this kind of review comes up with anything. I personally don't think they're gonna find anything at all. We'll see what goes on with that. In more litigation issues, the US Chamber of Commerce is suing security regulators over the new share buyback rule, which is requiring companies to basically explain why they're doing this, right? Explain why the corporation is buying back their shares and more detailed issue. The Chamber of Commerce said that new requirements, which SEC commissioners approved last week, will hurt public companies and their investors. The group accused the SEC of failing to properly weigh the cost and benefits of the plan or to give industry enough time to react to the proposal. The rule requires public companies share the rationale for the repurchases, details about company policies, and the daily tally of buybacks on a quarterly or semi-annual basis. And it takes effect later this year. Obviously, if your larger corporation that does stock buybacks, one of the big things you can say is like, well, listen, we have a bunch of cash. There's not much we wanna do with this right now, so why not help our shareholders and pump up our stock a little bit and kind of help them out? But you saw what happened with these wild increases in stock buybacks for the past few years is that companies have so much cash because of how cheap cash was in general. And I mean, you saw such extreme highs that weren't really logical in any capacity. And I think this is kind of what the SEC is trying to get at. Obviously, we don't have an environment right now where that's gonna happen again because cash is not as cheap as it used to be. But in the future, if we ever get to a point where quantitative easing becomes, or at least gets back in and rates lower down to something even close to what was going on during quantitative easing, that this might prevent such massive losses that we saw when everything kind of came to a halt. So a little bit other news, this poor company, I mean, they've already been on the fall, but Peloton had a massive recall. Why is this not coming up? Because I'm typing an N, that's why. I don't know how much lower the stock can go. They had a recall about 2.2 million exercise bikes and the Consumer Protection Committee said stop using it immediately. So this is obviously horrible news. They went through, again, let's see, let me go back. We wanna talk about like an extraordinarily overvalued company at $171 and then just this massive decrease. So anyways, and a 2.2 million exercise bike recall, they had received 35 reports of the seatpost breaking and detaching from the original bike. It led to 13 injuries, obviously fractures, broken limbs. Anyways, this, again, this company continues. I don't know if it has a curse on it or what, but it continues to go down and this is at its absolute all time low at about almost $7. But I don't see an upside to this company at all. They had a nice kind of pivot when everything was going poorly for them where they're gonna start putting their pelotons or selling them for cheaper, putting them in hotels, et cetera. It was an interesting idea and I think that did show like some competency, I suppose, on management's part. But I am very dubious to the future of Peloton. So we'll see what happens with that. Something to look forward to, I know a lot of people who watch oil in the den is that we've been going through the Strategic Petroleum Reserve and the US is going to start, I think in June, start buying back so that to replace what we've basically exhausted. So the US administration could begin crude oil repurchases in June and this was congressionally mandated from the congressionally mandated sale from the SPR and the US Secretary, Jennifer Granholm, says that the congressionally mandated sale of 26 million barrels will be completed by June and it's at that point where we will flip the switch and then seek to purchase. So if you want some kind of futures on oil, you're looking into getting some contracts and something to go around, I'm not sure how priced in it is currently after the statement came out. In October of last year, the administration announced that it would repurchase crude oil for the reserve when prices were at or below $67 to $72 a barrel. Obviously we hit that 72 mark today. The move would be dual purpose and that not only would it replenish the depleted reserves but it would boost demand when prices were low instead of sending them into orbit at a time of regular prices. I like it, I'm not mad. Folks stay tuned, we'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades 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. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. 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Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. All right, welcome back folks. In the interest of continuing to talk about some more energy, excuse me. European natural gas prices at the sixth consecutive weekly loss. The front month futures at the TTF hub, the benchmark for Europe's gas trading fell 3.7% to 3680, and that's per megawatt hour. As of May 10th, storage sites across the EU were 62.48% full, and lower gas prices have started to lead to increased coal to gas switching, but demand nevertheless muted with low household consumption. Europe's benchmark gas prices have halved since the beginning of the year and are now just one-tenth of the record of over 326 per megawatt hours, and that's from August 2022, and spot LNG prices for delivery to North Asia and June have also plunged in recent weeks, and were down for a third consecutive week on Friday amid weak demand and high inventories. So prices in Asia at 10.50 per million British thermal units this week, and they plunged by 4.5% the previous week, according to estimates from the industry sources at Reuters. Spot LNG prices in Asia are now at the lowest they've been since May 2021, and despite the current low on natural gas demand and prices in Europe and Asia, governments and industry warn that Europe should not be complacent, and that the energy crisis is not over yet, and it certainly isn't, and they need to figure out what they're gonna do with Russia. I think they are, at least, Germany's meeting with some people today, some other countries today to figure out how to get themselves off of that. We might see a Germany that's running back to coal a little bit, and so we'll see what that does in the interim period, especially with the environmental restrictions they have over in Europe, seeing what they're gonna have to, essentially kind of squeeze. This is another, this economy is just, I don't know what the slow burn is, but we have a lot of stuff going on with it. This is the US corporate bankruptcy filings that hit 12 years high in the first two months of 2023. So this kind of goes on like a five to nine year cycle. You see, it's not so much due to everything that just happened, it does have to do with interest rates increasing, but what do you basically got? About five to 10 years ago with these low rates was a bunch of businesses opening up and they were cooking fine, but when they now just have to start paying some more with higher interest rates, they're just not built to do that, right? And this is what happens when you raise interest rates is you start just really, you start shedding so much weight if you wanna look at like the economies and organism. So US corporate bankruptcies are rising in 2023 with the first two months of the year registering the highest total for any comparable period since 2011. Companies filed 57 bankruptcy petitions in February while 54 were filed in January. February's total was the most in a single month since that's gonna be March, 2021. The highest monthly bankruptcy counts in 2023 fall historically slow year. Many bankers and analysts expect a downturn in the economy in 2023 and that may prompt additional bankruptcy filings. S&P global ratings meanwhile expects an uptick in defaults for the lowest rated corporate borrowers. I think that makes sense. They're not really designed to take on this much pay essentially interest rates remain elevated with little reasons to suspect that they will decline meaningfully by the year end adding to increased costs for a time. It's just super interesting to see kind of what goes on. So just year to date already were almost as high as we were in 2010. And we still got a bunch of other data add into that's year to date through February and we're in, oh man, we're in May now. Communications equipment company VIA marked the largest corporate bankruptcy filing in February listing both liability and assets at more than one billion. Biotechnology of course we can see that happening quite a bit. A third noteworthy filing was MBG home and that was 676 million in liabilities excuse me and 739 in assets. We'll see what happens. I think again, we're gonna continue to see a lot of these kind of smaller companies. I believe I spoke about this last time or a few times ago when I was on but they're just not built, they're not equipped to be able to pay these higher interest rates. And I was listening to something too. They were talking about the idea that we will see a decrease in interest rates or at least there's like a hypothesized one in December but inflation is not going away. Like it might be slowing down a little bit and there are some like other things as well that we can see like increase in joblessness claims and stuff and some kind of decrease in prices around but you look like Michelle Bowman who's a federal reserve governor and she said this this morning that if inflation remains high and which it is in the job market remains strong which is more interest rate hikes would be needed. And this is a quote I will look for signs of consistent evidence that inflation is on a downward path when considering future rate increases and at what point we will have achieved a sufficiently restrictive stance for the policy rate. Bowman said the latest reading on consumer prices via the Consumer Price Index and latest employment report for April having convinced her that inflation is dropping and I don't know if this is just like a wishful thinking type deal, right? And people have been trading a lot especially like the younger group who've been trading a lot based on this concept that rates are going to go down. I don't know. The headline reading for CPI clocked at 4.9% below the key level of 5% we're still at 4.9% but the so-called core reading which the Fed favors because it excludes volatile food and energy prices, right? Remains sticky at 5.5%. Food prices is a super interesting point. It was reading something I don't have the article up but you have more people than in recent time and in the past few years that are using credit to buy food, right? Like that's pretty important and the supply chains remain messed up. So of course I get further metrics while they're excluding that but that is something super important to keep in mind just for common day-to-day life on it and these both remained pretty sticky at 5.5%. That's in line with the core level inflation so far this year. So inflation remains much too high and this is what Bowman was saying and measures of core inflation have remained persistently elevated with declining unemployment and ongoing wage growth. She expects that our policy rate will need to remain sufficiently restrictive for some time to bring inflation down and create conditions that will support a sustainably strong labor market. Okay. And so one of the other things that's interesting regarding this is I know Tommy brought it up and I brought it up as well that we're only seeing these kind of rallies in the market due to like a handful of companies but that's important to note, right? Like when we talk about banks people are keeping their money in savings. Some of these savings are returning like 4% and what is the risk? Like it's so risky to go ahead and put your money in the stock market when you can make a nice cool 4% on return and cash is gonna be pretty much king until then. So, I don't know, we'll see what happens. The incentive needs to reverse but the problem is, is if this does reverse and we go back into idea of lower interest rates of quantitative easing and everything flows back up, I mean that shows another problem that the market is dependent on something that resembles quantitative easing. And I don't know, it's been so long. This is a whole new paradigm. I don't know, it'll be interesting to see for the time being, till something like that switches, you know, I guess as long as there's some kind of hope or whatever among some of the younger investors that are just dumping all their money and embedding on lower interest rates, you're gonna get these pop-ups but in reality right now, the safest thing is gonna be keeping cash and putting it somewhere that's paying us up to like 4%. Anyways guys, stay tuned, we'll be right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed. 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So the cannabis companies are subject to the federal tax revision 280E and this penalizes, this is insane to think about it written down, penalizes traffickers of schedule one or two drugs by disallowing the deduction of the quote, ordinary and necessary business expenses, okay? So what that essentially does is you're paying tax, you're getting liability based on the gross income and not the net income. So that's huge and just continues to punish the cannabis industries. Something I posted yesterday, if you're not hip to any of that, which is kind of, this is just kind of a cool little story that they're doing with CRISPR. And I think Zee said something in the den about it, but they've edited these to help you chill out. So if cannabis isn't your thing, you can get some of these Japanese tomatoes and they have increased levels of GABA. What I didn't realize, I mean, I knew that people were doing stuff similar, right? With CRISPR-Cas9, what I didn't realize is Japan is actually massive on this. One, they love GABA, okay? And GABA is a certain chemical in your brain that kind of helps you like relax a little bit, right? It allows blood pressure, they give it to some people who have anxiety, they don't want to go on benzos or anything like that. But the Japanese love GABA so much and there's a huge kind of thing surrounding it that they actively genetically edit their foods in order to have higher amounts of this stuff. I think this is super cool in the sense that like, what, the possibilities are, I think, are limitless with this, right? Like, if there's some certain amount of something, it even happened in India, I believe, right? Where you had vitamin K deficiency that caused blindness and so they genetically edited a rice that just like pumped full, the kids full of vitamin K and it eradicated the blindness and when you do this, the world economies get better, local economies get better, everyone makes more money when people are healthier. Guys, thank you so much for joining me. I hope you guys have a wonderful weekend. Tom will be back Monday.