 The following is a presentation of TFNN the morning markets kickoff With your host Tommy O'Brien Good Tuesday morning everybody. I'm Tommy O'Brien coming alive from TFNN just after 9 a.m. Eastern time We get some inflation data out this morning markets higher yet again We get the futures at 44 14 right now now futures just because they just rolled over to the active contract Above the cash value but boy you're talking about some lofty prices across the board right now You get the S&P's up six tenths percent this all ahead of a Fed decision tomorrow as they are expected to pause or skip for the first Time in about 16 months 15 months. Excuse me Nasdaq 100 up another percent tech stocks catch a bid as we get some lower Yield coming at you. We get the Dow up 130 points. You got Bitcoin up 300 points $300 26,175 we have a weaker dollar. We have lower yields. You got a higher gold contract gold up $10 at 1979 crude Down to $66 yesterday. You're back to 69 18 right now in the price of crude You jump over to silver up 20 cents at 24 26 and we got to jump to notes and bonds man Look at that volatility on that CPI data. We'll jump over to the data in a moment. Nonetheless, we have higher price You got lower yields Then jump over to the 10-year yield right now We are looking at a 10-year yield of 3.7 percent 3.7 percent all things considered I mean you're only up about eight ticks from where you were a lot of this already baked into the markets folks So quite an acceleration on pretty much a number that was basically expected and the market is exuberant that yes We are gonna pause we are gonna skip writings on the wall and does this skip become a pause That becomes the conversation that we shift to you jump over the dollar index. There's your action yesterday pushing 103 70 today 103 13 you're down 52 pennies right now 103 13 on the dollar index. So as I said, what do you have? You have a weaker dollar You have lower yields as We now are sure fed fund futures. I was listening to Bloomberg earlier just right after that number 8% is what they're putting at The price that they may raise rates tomorrow I would say that that's an astronomical rate considering the profit on the probability that they do raise It's probably way below 8% And maybe that fed fund futures 8% just comes from people protecting themselves with some type of insurance Even though you wouldn't assign necessarily an 8% probability That would mean that tomorrow the Fed will be hiking one out of 12 times. I don't even see it I'd say it's not happening one out of a hundred times man. The writing's on the wall. They got what they wanted They forecast what they were gonna do if there were no surprises. There were no surprises. We come into tomorrow morning and Yeah, I mean You know great question in the den just talking about Fletch saying does anybody think that they could come in for a shock And awe and maybe they need to okay, that's a reasonable case to make that maybe they need to maybe the data Is not quite indicative of going back to 2% But that is not what this Fed does. That's not what the chairman does He's pretty indicative of what he's gonna do in terms of putting the message out there The message is out there and the writing is on the wall at this point that they're gonna pause Slash skip and we'll see how it goes from there. Now. Let's get into the data. I Like how the journal puts this up on the day that we always get this data a nice simple chart This is just on the front page of the journal online WSJ.com Wall Street Journal.com consumer consumer prices in May rose 4% now. That's your headline number. That's year-over-year It's very important to look at the headline number versus the core number because the Fed is not gonna watch the price accrued They're gonna watch the price of everything else food and energy is taken out. Okay food is a relative factor as well Their policies do not impact food and energy as much as they may impact other parts of the economy That's why they don't focus on them as much. Okay Doesn't mean they don't matter I'm sure they tell you crude matters heavily when you talk about the inflation factors that are facing most American consumers But their interest rate policies Do not impact the price of crude. So why would they let those? Prices dictate their interest rate policy when their changes aren't going to matter in the crude market It's an easier example than food But the same thing in their opinion at least translates over to food crude's an easy one to understand Fed policy would have to go extremely far to impact crude prices when you think about the Existential threats to crude whether it's war etc. Going on the Saudi OPEC cuts etc. Now Excuse me look at the drop-off on headline man So headline gets all the press four percent year-over-year now you get into the numbers in terms of where we are This is the numbers. I want to look at this is a simple comparison of the estimates on the right the actual of what we got At 8 30 this morning on the left CPI month over month Going up at point one percent. You got to love that you annualize it. You multiply it by 12 That's 1.2 percent. Well, folks, we got some some very friendly energy prices built in here Okay, core CPI month over month in line with estimates as well point four percent when you go year-over-year The headline number is four percent you go year-over-year core and you're actually hot at five point three versus five point two But considering the Fed had indicated what they were going to do this number pretty much in line the writing is on the wall What is interesting here? Okay is? Excuse me look at the number. I mean Core CPI at point four percent folks annualize this four point eight percent Okay, and you take a look at This chart here. Yeah, you could say the trend is your friend. It's going down folks. We're at five point three percent We got to get to two percent. There's a small trajectory to the downside here the Fed is gonna Make the case that Inflation is abating and they are going to give it room to catch up But there's a couple cases out there to make that that isn't a surety. Okay, you could even say it's likely What if it's a 6040 are you factoring in the 40% probability that it doesn't happen? With some pretty lofty S&P prices man, we heard some pretty lofty tech prices yet at Apple hitting all-time highs yesterday There's some contrarian stuff going on here in terms of coming in I mean think about this right Apple is coming into all-time highs When we are still in a hiking cycle man, the Fed has been hiking for 15 straight months You just accelerated From 124 to 184 you just added a trillion dollars in market cap to apple in the final Six months of the fed's hiking cycle. Why did that happen? You could make the case folks that the market is anticipating that the Fed is going to give some room to pause Slash skip and I think the market has figured out That they are near the end of that cycle. Maybe they have to come in with one Maybe they have to come in with two the real conversation now is going to shift in my opinion in terms of When do they consider a cut and it's a it's it's you start getting ahead of yourself But that's where I think the market could really be surprised. I don't think you have to have you know Seven more hikes But you may have to let this play out than longer than people expected And you may have to have some more pain to really bring down inflation when you're talking about a core cpi number at 5.3 percent you're talking about a core cpi number month over month Up 0.4 percent you annualize it. That's up 4.8 percent and that is May numbers versus april Was it was inflation here in april folks? When you were doing your taxes was inflation here, of course it was here Well, guess what in may it went up 0.4 percent from may to april it went up 4.8 percent annualized Just keep it in mind. There's a long way to go in this market We're going to have some volatility and markets have been on a one-way trip to higher prices But guess what get to find out where we go. We got fed decision tomorrow. We come back with Don't go away tigers this june tim orde of the orde oracle will be hosting two webinars providing insight into his renowned market timing Methodologies on june 8th. 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Yo, brian 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 Welcome back folks. Can't wait to see what happens on the market open right? We got higher prices But we get to find out where supply and demand meet Coming up at 9 30 this morning as I jump around Uh, and right now we got the s&p's up 22 points. We get the naztac 100 up 135 And yeah, let's jump to some of the other stories I was reading this morning. This one's an interesting one So when's this out this morning last night? Let's see this morning 6 a.m. Story from bloomberg jp morgan's foil to the bonds Our back crowd is sticking to cash It's important to get all perspectives man when you jump around you take a look at notes bonds, right across the board Uh, we got what do we got? We got lower yields and we're going to jump to we'll get to that story in a minute But right now we're going to jump to our man kevin hanks from td ameritrade network folks every trading day 12 Noon eastern time fast market from the td ameritrade network right here at noon eastern time Check it out and boy. We got quite a morning kevin hanks. Good morning Good morning. Tommy or brian. Yeah, interesting morning is right. I think um You know the cpi data was going to do one of two things. Tommy It was either going to throw this bed meeting severely in doubt or Lock it in and I believe at least for the time being it's locked it in Should it I don't know that I'm not sure that it should have locked it in But at least by the cme fed funds futures. It looks like it has tommy, but There's still a lot of things in this report that are concerning Uh, but it's not Energy tommy. There's if you look at the table on the cpi data, there's seven lines That deal with energy all of them were lower and some of them significantly lower Wide look is looking crude oil prices, right? Look at natural gas looking crude oil What has done the last month now the rest of it There's it's pretty mixed take energy out of this and it's pretty mixed tommy Use cars and trucks up 4.4 percent for the second time in a in two months It's up another 4.4 percent food Up point two away from home up point five at home up point one So shelters up point six Transportation services up point eight So take out energy which is down significantly across the board and this number gets a lot more mixed and that's what you saw you know 0.4 month over month in core and Year over year only down to 5.3 tommy. So we may pause or we may skip here But boy, I don't think the fed's work is done yet tommy It's a great summation man And I as you were chatting Kevin I was taking a look just to the price of light sweet crude on the thinkorswim platform Have it pulled up here on a weekly basis you go back even myself, but I've been here at some of those energy numbers and on a Year over year basis, you know the headline number. What do we have four? 4% on the headline number now and boy, it's remarkable that just a year ago how quickly We were pushing 120 dollars in the price of crude man on the weekly of may 30th 2022 $120 and 46 cents this morning. I got light sweet crude trading at 69 dollars and nine pennies remarkable We got a fed meeting tomorrow Kevin As you mentioned the core number Pretty remarkable when we get numbers from maykevin 0.4 percent you laid it out month over month That's compared to april pretty sure. We all know that inflation was around in april. They're still going up 0.4 percent As a trader lots of optimism in this market man. We're in a bull market again You have tech stocks roaring higher. What do you think about the optimism? Maybe built into this market even if we get that pause skip tomorrow with prices pretty lofty as we're approaching levels We haven't seen in some time now Yeah, these marks you're getting Severely overpought tommy and they're being led by a small group of stocks now You know if if the rest of the market starts to catch up You know the dollar is significantly lower this morning yields are significantly lower this morning. That's going to favor stocks I don't know when if the market will correct from here or Or fatigue on the upside and I don't know what level that's the Million used to be the million dollar question now It's probably the billion dollar question tommy, but this market seems a little bit extended But markets get over bought markets get oversold tommy. That's why we trade them Pretty pretty I just jumping through the charts as we're chatting about jumping through apple, of course apple Interesting that they make new highs yesterday at kevin. I was saying in the first segment Pretty remarkable that you have apple making new highs when technically We are still in a hiking cycle for 10 consecutive hikes going back 15 months And you actually have apple coming into an all-time high the day before we potentially get the end of that Could it be contrarian we get to find out man? But we get some volatility as you said because I don't think this is over quite yet either Maybe the trend has begun But boy, we got a long way to go if that's the case, especially when you look at that core cpi number 5.3 percent man, that's not 2 percent. So we will see with that in mind kevin We got a fed decision tomorrow, man I'm sure you guys are going to have plenty of talk about at 12 noon today on fast market But are you discussing any equities coming up as well kevin? Yeah, it's kind of light in terms of earnings We'll get one hour in kroger in adobe later in the week But for this we're gonna set it for today Sure, we're going to cover home depot that's having investor day today Like fully we're going to talk about general motors that you know is in the news a lot and now getting Closer with their alliance with tesla and then we'll cover sales force In in the final segment so three good names today own depot though is one to watch with their investor day coming up Nice and I you know, I was let's take a look at sales force earlier kevin these stocks I mean we're doing so well in the markets We got the naztac 100 now above 15,000 S&P futures above 4400 on the active contract on the thinkorswim platform And I found myself saying could you imagine where the market would be if more than the seven stocks or eight stocks Are leading this market might be higher as in you know, you got companies like amazon That were trading at almost 190. They're at 126 sales force came to mind up at 311. You're down to 213 There's a lot of stocks that have some ways that they could catch up when you have a company like apple That's actually actually pushing all-time highs, which is remarkable Uh kevin we look forward to the program as always. I appreciate the time on a busy morning, man We got cpi this morning fed tomorrow, but we'll be watching at 12 o'clock today, and I can't wait to talk to you Tomorrow man That's talking to me. Tommy. Have a great day. You too folks. Check it out Today tomorrow you talk about some volatility and we gotta jump over to the vix, right 1465 right now I got on the vix And yeah, we were above 15 coming into that number relatively low volatility And pretty interesting to see where we go We got the opening bell in less than five minutes And as our man kevin hings has said we get to find out on the open man I don't imagine we're gonna get some steep sell-offs, but boy, how high can we go seems like every single day the market's pricing in A 20 to 30 point s and p run even last week when we got some low volatility, right? This thing has been on a one-way trip since march, man from 3900 We paused for a while right april and may and then we've extended that gain yet again pushing 4400 I mean just look at just since where we what was that may 24th, man We were at 41 14 you're talking about almost 300 s and p points keep in mind You got a futures rollover that added maybe 30 or 40 points in there as well But quite a run into this number And all I will say is that the market is forward looking okay And the writing's been on the wall the writing was on the wall last week that the fed was going to do What they're going to do tomorrow outside of a shock we now know there's going to be no shock And uh, yeah, we get to find out man We jump over to yields because that's going to be an important one as well Yields right now. We're up by 12 basis points in the 10 year. We jump over to the dollar index dollar index. Whoops dxy Yeah, down about 45 pennies 103 20 and when we come back folks, we'll be giving you a little bit of the ulterior case though uh talking about A few people or at least a couple or at least one Who runs an 8.7 billion dollar fund is still sitting in cash and guess what you're saying You know what it might not be that easy man inflation might not be that easy what everybody's talking about We'll talk about that. We'll see where we go on the open folks. Stay tuned. We'll be back in three minutes. 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We got markets open. You got an s&p above 4400 on the futures You're up to 44 15 right now. We're trading at 4403 positive by about a 30 percent NASDAQ 100 positive by three quarters percent 15,094 15,000 As i was saying to kevin i mean could you imagine If any company besides the Magnificent seven or the spectacular eight or whatever you want to call it The markets held up so well and all of the gains recently have come from seven or eight stocks Could you imagine? I mean there is room to the upside, but the other stock's got to do it That's my opinion. Okay as in There's room for this market to run But apple's not going to do it when it just added a trillion dollars over the last six months to its market cap. Okay, microsoft Similar fashion you're talking about adding almost 800 billion dollars in market cap from its run up from 220 Up to 334 Microsoft has i think about 7.5 billion shares outstanding. Let's pull it up exactly 7.435. We'll call it 7.5 exactly And you have traded up 115 dollars And you got seven Excuse me 0.5 billion shares outstanding Yeah, that's over. It's a remarkable over 800 billion right now. What are they pushing? So microsoft is now at 2.5 Whereas apple on the valuation They got to be getting close. I think they got to get to yeah 2.88. They got to get above What do they got to get? Yeah, they got to get above 190 190 something to be coming in at a three trillion dollar corporation But it's got to be the other companies. But guess what? There is room in the s and p 500 for some of the other companies to pick up in terms of Some of the laggards amazon barely at a 382 of its acceleration lower. Okay Fast market kevin hanks our man. They're gonna be talking about sales force sales force Let's back it up even further Look at that one right all the way up all the way down all the way back There are only 50 of the move they had there is room in this market man But it's going to be have to have to be some of the other different equities. I mean even tesla Okay, tesla's a 254 from 414. I think of netflix now These are just the stocks that everybody loves let alone some of the other companies in the s and p 500 That have underperformed that nobody knows about right It's tesla. Uh, excuse me netflix only at the 50 of that number Uh, facebook's probably got room to run. They're all the way back at the 618 quite a run for them And 88 to 275 384 still the high there's still more than 100 dollars off the high though So that is one of the scenarios out there that's interesting to play We jump back to yields the 10 year right now write it around 3.7 percent You look at where we are on this chart and let's talk a little bit of yields Let's talk a little bit of inflation this article out there this morning Talking about to do the headline again jp morgan's foil to the bonds or back crowd is sticking to cash Inflation beast is not going away anytime soon Egan egan this gentleman william agon So that pronounced it maybe Uh, is not about to apologize for his bond funds performance this year He's in 60 cash is the number even though that 60 is up there as well I think he says he's in 60 cash something like that down here. Come on. Where are we? All right, let's get to the important part about this number one You're talking about a gentleman who runs a fund that's Almost nine billion dollars for jp morgan Trailing 60 percent of its peers after trouncing nearly every one of them last year. Okay He's at 2.2 percent the kicker though is that everybody else is at 2.3 percent and It's been a smooth 2 percent because he's in a lot of money markets right now is where he is Yeah, the bulk of his portfolio is in cash right now. Okay People are getting this wrong. Listen, this is one man's opinion But you want to hear some of these cases man because there is a group thing going on I think in washington out of washington Um in on wall street And kevin made some great points there laying out why You know the headline number is very enticing But there are things in this report that are indicative that we have a ways to go at a minimum People are getting this wrong. Okay Pandemic stimulus has unleashed this inflation beast. This is not going to go away anytime soon The feds can have interest feds going to have to keep interest rates high for a while. Okay He's not saying they're going to have to hike him extraordinarily They're going to have to keep them high for a while though. What they talk about here is that there is a real consensus in this market I'm trying to get the exact quotes that they go here. Okay He thinks the feds going to keep rates high for a while He thinks the feds going to keep rates high for a while Making the annual rate he's getting on the money market fund a bit about 5 a better investment than the 5 and 10 year notes yielding less than 4 Because if you think it's going to stay there Then the 5 year and the 10 year Aren't yielding as much as they should be if rates are going to remain higher for longer. Okay And this is where it is. Okay, so The foil line. Okay, he's become something of a foil to the yields are about to sink crowd on wall street Their view which is now something of a consensus the yields are about to sink Is that the economy is starting to buckle and will take inflation down with it And this in turn will prompt fed policy makers to pivot as soon as your end from rate hikes to rate cuts I would just be very skeptical. There's a long way to go a lot has to happen And to reiterate back to this number man, you need this core number back at 2 This core number needs to be back at 2 or at least has to be on its way back to 2 And we have a ways to go. We've had a couple spikes in here. Okay The trend is your friend for sure But look how long we've been in this for man Right, you're talking about a run up that's lasted Over two years this acceleration began at the beginning of 2021 You could barely make the case that a year and a half later we potentially have peaked But our peak has brought us from six And a half to five and a half even 6.35 something like that to you know, you're down what six or seven tenths percent But folks, you're down six or seven tenths percent in a period of about six or seven months You go out another six or seven months and you got core still sitting at 4.7 percent or something like that Are we really going to start cutting when we're at 4.7? Because that means you're going down like a tenth or a percent every month That would mean it would take another 26 months to get down from 4.6 to 2 There's a long way to go. Okay, so everybody's got a consensus here that the economy is going to buckle inflation's going to crash with it That's going to make the fed pivot as soon as you're in from rate hikes to cuts That's not everybody even if you know and it's important to realize you got guys that have crushed it in terms of last year Running billions of dollars saying it's not going to be that easy man and everybody's getting a little bit ahead of themselves Now these two gentlemen they talk about this gentleman as well scott solomon he runs the 4.2 billion dollar fund with lended based arief hussein and he was with agon when they were in 2022, okay They actually Were alone those two funds among 200 peers That generated a positive return last year. They ran a bond fund man When the fed had a hiking cycle like no one had ever seen And they were positive on the year. Okay the bond market Unprecedented route you've seen all the charts of the acceleration of the fed hiking cycle faster And higher than we've ever seen and these guys nailed it So there's something going on in this economy even seen in a while and the people who really nailed it last year They could be wrong, but I like hearing what they have to say. So be careful out there. Stay tuned folks. We'll be coming back We have exciting news tigers this june tim ord of the ord oracle will be hosting two webinars providing insight into his renowned market timing Methodologies on june 8th tim will delve into the smp 500 teaching sentiment indicators Identifying market bottoms and divergence and so much more on june 15th tim pivots to the gold market taking a look at cycle analysis Ratio studies advanced decline indicators and other important tools for analyzing this sector sign up today on tfnn.com dfnn 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? 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So you have nothing to risk subscribe to tom o'brien's gold report newsletter now at tfnn.com Fill the smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s Directions daily smp 500 bull and bear leveraged etfs Direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus Call 866-476-7523 or visit direction investments dot com A fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Folks we got markets pushing highs right now We get the smp up 31 points. That's seven tenths percent the positive 44 19 man And yeah, maybe you got a little a to b c to d formation brings it up to about 44 25 your a point here about 43 90 your b point At about 44 15 that's 25 points to the upside your c point is 4400 on the dot And yeah 44 25 potentially some lofty numbers man getting back to that bond article uh in terms of Opinions of inflation, okay? So to summarize this again, you had two gentlemen here. They talk about they talk about this one guy running The jp morgan strategic income opportunities fund which with almost nine billion dollars William egan and then they talk about the other gentleman who had been with him in 2022 Who is scott solomon? Okay, who manages 4.2 billion dollars for Lending based or if you're saying Now what egan says here, okay, solomon says basically with the market saying that basically He expects the fed to keep it steady wednesday And signal a slower pace going forward as you march through the end of the cycle the yield's curve Will normalize here's the kicker that egan said that i agree with they probably caught me most egan says Then all this doom and gloom about cuts Hasn't been working out and it's not coming just yet. Okay, since the beginning of the year Everyone's been preaching recession and that's worked out terribly for them He's an owner of an athletic facility in red island I think this is a very common experience and I think it's industry-wide not industry economy-wide Excuse me in terms of what's going on and he's unswayed by the arguments that weaker growth will bring the inflation rate all the way back down His business. Okay, you got a gym a hockey rink an indoor track in a restaurant Sounds like quite a complex that he's got there on road island Is telling him the labor shortage has only gotten worse Well, he's raised wages Staff still quit before long the cost of running the venue keeps climbing and he boosted the monthly gym membership fee This year to 69 dollars from 49 dollars and he still has more customers than ever I think that is a very common scenario across many businesses right now That they have much higher costs. They have much higher labor costs unemployment rates at 3.7 percent They're trying to keep their own employees On the payroll they're having to pay more those employees at an unemployment rate of 3.7 percent Are able to go to other jobs if they need to and meanwhile they're able to raise prices in a way that they have Not been able to any time recently The next 10 years in fixed income are not going to be like the last 40. He said, okay The investing landscape was permanently changed by the fed's failure to ward off inflation as the economy rebounded from the pandemic lockdowns They kept zero rates in place way too long. And here's the kicker. Okay, great way to end the article Kudos to Whoever put it together because this is the key point man And I agree with it once inflation is released once you give Manufacturers and producers that pricing power It is not going away and as a business owner He can confirm that and it's not going away because number one in many instances They have to and number two they can and they can because many consumers think they have to so when they have to they can And even if they don't have to they can because many consumers Hear these stories know about the cost of living and understand that guess what costs are going up Businesses have to pay more and they have to raise prices. That has not going away Not even a close. So we'll see where we go from there. All right. Let's jump to a little rent Rent may be getting cheaper man. This one's an interesting one for sure. So over at the journal New lease rents are poised to fall on an annual basis for only the second time since the 2008 financial crisis And boy, we're coming off some lofty numbers. I'm going to get down to the chart here Monthly new lease asking rents percentage change from a year earlier Redfin actually has that number going negative Now that's not what's happening In florida, right? us rental markets slowing down after an unprecedented In some markets such as miami and riverside california monthly rents are up 35 percent or more over the past three years But the high prices started a weakened demand for renters in the second half of 2022 A fallen rents would follow recent declines in the housing market And it does make sense they should match up But you've seen these home builders really take off and you've seen them take off because Nobody's still in their house. If nobody's selling their house, you got to live some more man and rents Are not a bad option when you got mortgage rates at seven percent folks And it's a perfect segue to if you're considering getting a mortgage There's nothing wrong with getting a seven percent mortgage, man And you're probably not going to pay seven percent, especially if you go to a new builder They'll incentivize that somehow they'll get you down to some degree But They've talked about you talk about marketing, right? It's a brilliant way to market it Marry the house Date the rate, okay, and they're trying to say you don't have to lock this rate in forever And even what they're willing to do is they're willing to pay down your rate for a few years, right? Do a couple things saying guess what man rates are probably going to be lower in a couple years Folks if you cannot afford that rate that you are signing on in perpetuity Then don't sign it because do not make The leap Of calculating whether you can afford a house On the need for that mortgage to go down within a period of you know, two three years With rates decreasing because that may not be the case, man. Okay. May not be the case We'll see how it plays out But yeah, they have that number actually sinking and you're talking about a negative negative with a decline of 0.6% In may is what red fine red fin is looking for And that would be only be the second time since 2008 when and the only other time is when the market briefly dipped in 2020 at the beginning of covet but before that so we'll see because real estate is a big driver of this man I don't see that abating anytime soon though Again my opinion nothing else and how about did you see the kids that survived for 40 40 days in the forest after a Plain crash pretty remarkable man columbian children survived on fruit nuts and wits after crashing the amazon jungle Just shows man. Try and teach your kids man because the oldest was 13 40 days in the wild man. They ate some fruit. They ate some seeds They also had three pounds of yucca meal that they had on the plane But nonetheless, man, they obviously had some skills that they had been taught as children because that is quite a scene And yeah, so try and teach your kids man. They're ever in an emergency right to have somewhere about you don't ever want to really, you know, you don't cut a plan for the worst of the worst but You know some type of semblance because you see I mean pretty remarkable how that happens man Yeah, they plowed through the trees like a missile slammed into the jungle soft earth the aircraft single engine had been sheared off 30 feet away just absolutely marked these poor kids man. I can't imagine what they went through but they survived Um for 40 days in the jungle. Yeah 13 9 5 And a one year old crazy So kudos to those kids man pretty remarkable Uh and a good deal for sure. I know imagine those stories man 40 days Uh, and how about the 13 year olds obviously taking care of the one year old all them Stay tuned folks one more segment. 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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 dot com educating investors 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 dot com Back folks, we got the s and p's up 22 points right now. Nasdaq gives up some of that acceleration We were 100 points higher at about 9 10 this morning 15,150. We're trading at 15,054 Basically where we came into that cpi number at as the markets give up some of that acceleration the s and p's right now Uh, about 20 points above where we're coming into that cpi number. You got the dow up 160 points How about the russell right now up a full percent right now at 1840? We jumped a crude up $2 and 43 cents making its way to $70 potentially you jump over to the gold contract Look at that volatility man gold up to 1984 down to 1968 You got to jump over to the dollar index when you see that type of action the dollar rebounds a bit, right? We spiked down to 10304 Basically get all of it back from where we were on the cpi and you jump over to yields right now Look at that man. Absolutely remarkable moves yields. You got the tenure up to 113 31 and just like that. We're at 113 11 you jump over. What are we talking about, man? Yeah, we're talking about a yield right now 3.77 3. We were just at 3.7 percent. Just like that. We're 3.77 But guess what market loves it man with the s and p up by 25 points And what else we have going on folks? It is tuesday on thursday We have our man tim orn coming up with a live webinar at 4 to 6 p.m. Eastern time He's going to be talking about trading gold. Okay. Now. He has two webinars. He did an s and p one Last thursday. He's doing a gold trading webinar this thursday june 15th. You can sign up for the gold webinar for $295 I encourage you to check it out folks Tim's been around for 35 years done a lot of business with my dad He's been on with Dave white for a while had been He's been out with my dad for a while now. I mean, but you go back right some of these timer of the year from the timer digest What doesn't even exist anymore? Unfortunately But he was number one gold timer for the year talking about 2006 number two gold timer of the year 2004 And they're different methodologies. He uses folks. Okay. When you're talking about the gold market He's talking about cycles. He's talking about ratios. He's talking about advanced decline up and down Finding extremes very important and putting it all together Two-hour webinar coming up thursday on the front page of tfnn. Check that out and we got gold rocking right now Thanks so much folks. Stay tuned. We got basil coming up next. Have a great tuesday. We'll talk to you tomorrow. Have a great one everybody