 We talked to Teddy every Wednesday, folks, and you can check out his newsletter, the Tiger Forex Report, under the newsletter tab at TFNN. You can subscribe, folks. You get a 30-day money back guarantee. You got some time over the Thanksgiving holiday. Maybe dive into some of the newsletters he's done, and you also get, folks, the webinar that he just did, forex strategies and fundamentals. So check that out over the weekend, potentially, if you have some time. Teddy Keg's dad. It's been a couple of weeks since we talked to you. We've had a lot going on in this market. Good morning, man. Good morning, Tommy. Happy Thanksgiving to you, the crew and all the Tigers and Tigris is out there. You as well, man. I hope you have a great holiday. And how's the weather in beautiful, windy city of Chicago this morning, man? You know what? It's actually, we're back to normal temperatures. We're hovering around the upper 40s, around 50s. It was nice yesterday. It's going to be nice today, next couple of days. When you said normal temperatures, I didn't know if you were going to say normal temperatures and you're going to say single digits. I'm not familiar with where, I know it's a little cold out there. Well, Teddy, man, where do we start? We've had quite a couple of weeks since we talked to you last. I know you've had the letter out each of those weeks this Monday included. But boy, where do you want to kick things off right now? Well, we should start with crude oil, because I know you guys like that one. How about that? Let's do it. All right. Well, two days ago, we had a nice spike low. Interesting little pattern forming on the bottom here. So I know everyone is super bearish and being like, oh, everything's happy in the oil land right now. And I think that one of the things you can really attribute it is the two things. One is the fact that supply chains have dropped from the problems they had of over a year ago and a year ago. Interestingly enough, I read an interesting statistic about container pricing. When you ship things from China or wherever around the globe, because of all the backlogs, things were getting very expensive as far as shipping things. We're back to pre-pandemic pricing supposedly, almost globally. That's a big deal, because now you don't have tankers that are sitting there just burning diesel and gas everywhere. So that's one thing that's kind of nice. I still attribute it right now to it's just a correction. I think we're going to get a bounce. I think we're having a nice Thanksgiving holiday here as far as the pricing. But I wouldn't get married to these prices. I think we're going to still see the energy prices accelerate to the upside once we can head into the wintertime. If people are looking for area steady to the downside, it's pretty interesting. We just got to $75 and you didn't even get down there when I got crude back in September. I think we hadn't seen that really since the beginning of the year. For people looking for potential areas where maybe you're looking for a buy, is this kind of the area back to the lows of September? You're looking for it to trade a little lower. Where do you see some of those areas, especially crude, sitting at $78 and change? I think the mid-70s to $80 is a fantastic buying area for crude right now. No matter what, we haven't even begun to see winter yet. I mean, nationally we had a cold spell over the past two weeks. They hit basically the whole country a little bit early, but we're in November. I think that once you see December and January hit and we actually have snow, look at upstate New York, what's going on there and the whole Northeast. This is the big Thanksgiving and they already look like January of 1978, they're buried. I think that this is definitely going to have an impact on energy prices moving forward. We also have to remember that the interest rate market right now yields are down nicely. This is a correction. The Fed still has a Fed meeting in December in a couple of weeks where they're raising a half a point. The outlook for no matter what for the first two Fed meetings in the 2023 is that they're going to at least raise a quarter point, so they're not going to stop raising rates. That differential has the least yields going higher to some degree and making new lows on the pricing in the bond market over the next couple of months and that's going to affect the dollar. I think the dollar will snap back on that also. It's pretty interesting some of the moves we've gotten in both directions. I just had the tenure up as you were talking, I have the dollar index up now, Teddy. We were sitting at 106, we were just at 107 a couple of days ago, but boy, quite a pullback from 113. Again, areas, is this the area potentially, if you're looking for a bounce, could it trend a little bit lower? It's been quite a pullback from that 113 area and crazy to think that that's in November, folks. It was at 113 and you were just at a 105 handle, you're trading at 106.58 right now. Where do you see those areas for the dollar potentially if you're looking for that bounce higher? The same thing like I just said with crude, I like where the dollar index is at right now. Right now, I think right around 105.5 to 106 even in the dollar index is where you're finding good support and that's a directional pivot area. If this is just a correction, let's just say the overall trend for the dollar is still a bull. The overall trend for crude oil is still a bull. All these markets are still in a corrective phase unless you want to say that you're going to call a top or a bottom and say that these markets have all turned already. To say that, that means that you're saying that interest rate yields are going to go down and bond prices are going to trend higher now for the next couple of months. I don't see that happening. I don't see how fundamentally you can have yields continue to drop over the next couple of months. Maybe oil can still continue to trend lower, but I don't see how going into the winter time when you have that demand function that's going to come in there, at the very least, that's going to be stable. On a currency basis for the dollar, I don't see that this trend that the dollar is a bear overall going into the next month or two and the first quarter of 2023. The fundamentals just aren't there yet unless we see a radical change in the Fed speak come say, you know, the December meeting or we see something where let's say the ECB and the Bank of Japan all of a sudden starts to, you know, do some things and that's a key thing right there. I think the dollar might turn come April. If it's going to turn, it's not going to happen now. It's going to happen around April. And the one reason would be is that you're going to have a turnover in the Bank of Japan. When you have new leadership in the Bank of Japan, you have to wonder, is this speak that they've had over the past couple of months, are they going to actually jump on the bandwagon? If the BOJ starts raising interest rates like the ECB and the Bank of England and all the Bank of Australia and what have you, that would start to change things. But until that differential really hits and we start to speak like that, where you see aggressive raising from say Japan and the rest of the central banks and an easing on our part, then right now we're in a correction. I think we're pressing it. And I think that you'd be foolish to try and say that we're in the beginning of a turned market and a really big leg lower for the dollar. I mean, anything can happen, but the fundamentals just really, really don't look like they're set up for that. And we have the stock market too that's very jittery. I wouldn't take too much faith on what's going on with the S&P's right now, especially. I mean, I heard you talking about Tesla. People may not be happy with the break in Tesla, but a year and a half ago, I mean, any common sensical trader investor was saying, OK, with the PE ratio of like 500, how could the stock possibly be a reality? You want to talk about FTX being that we know that that's a Ponzi scheme. They went in there with the intention of committing fraud and defrauding people from the get-go. Tesla is a different story. That's a real business, but it was overinflated. Every mutual fund bought it. Every millennial bought it. They're like, oh, got to buy Tesla. That's the future. It's like riding the Dell train of the 90s. Most people don't remember Dell was like that. All these companies had these waves. And now all of a sudden, I mean, is Dell sexy? No. Would you buy Dell as a long-term investment? Well, you might have it in your portfolio, but you're not looking for that to be any type of growth stock. You know, it's the same thing with these other markets. And it's going to hit us. Can you hang with us for the break, Teddy? Sure. Sure. Perfect. If it will come back, folks, we'll talk a little bit. I just wanted to talk about the lend again a little bit more. And I have chest up. We'll finish that conversation as well. Folks, we'll be right back. Stay tuned. We'll be back with Teddy. Welcome back, folks. We're talking to our man, Teddy Kegstad. And folks, you got time over the long weekend. Check out Teddy's report, the Tiger 4X report. When you sign up, you gain immediate access to the recent 60-minute webinar. He did four X strategies and fundamentals. What is behind the Tiger 4X report? So you check it out. You get the newsletter for 30 days. You can cancel with a 30-day money-back guarantee. You still get the webinar in there. And yeah, Tesla, Teddy. So real quick, it's pretty interesting because it's vastly underperformed the market, obviously, over the last two months, over this year. But boy, like you said, you put it, man. And I couldn't even believe it myself that you kicked off the year 2020 at about $28, $29, and we're sitting at $176. So obviously, things could still be a little bit out of whack. We'll see where that stock rests. But quite the story. Back to the dollar and the yen real quick, Teddy. If you're looking for a bounce to some degree right now, potentially, to this area, what would do that, Teddy? Is it just a market sentiment? Is it just that we've pulled back too much? Or is it something that you'd look for an economic data point that maybe drives some of that action? I think right now, with the yen, the biggest thing is your sell-off in crude and your slide in yields is helping the yen. I mean, especially, since we started our conversation less than 10 minutes ago, the dollar's just gotten hit for almost a half a buck versus the major currencies. I mean, the euro and the yen are both moving nicely. But the pound just made new highs against the dollar on a daily basis. So the yen, I think, right now, it's riding that train with lower yields. And I would be very, remember, we're also in a holiday market. Today's Wednesday, it's nice. Everyone's all happy. Yeah, let's sell the dollars. This is great. But you know what? Volumes are going to, when they start to dry up today sometime, they're dried up until Monday in the US. What do you think about the Fed minutes at 2 o'clock today on a dry low volume type day? You looking for anything there? Well, that actually is what scares me is that the interpretation of the media will be interesting on it. If the minutes come out where it pretty much goes against the narrative, I mean, you've got to realize that the media has been calling for rates to stop being raised for the past two weeks already, saying it's over, blah, blah, blah. And if these minutes come out where they're saying, well, let's a little data here and here doesn't change our thought process. I hear you, man. I think that's what they're going to say. Pretty wild how quickly the market can get ahead of itself, it seems. And we'll see if we do it again. Teddy, man, we appreciate it in the hole, my friend. Have a great Thanksgiving, man. We'll talk to you next week. OK, stay tuned, folks. Basil Chapman, he's coming up next. Have a great Thanksgiving, everybody. Be safe out there.