 And we're gonna jump over to our man, Teddy Kegstad. Folks, you can read Teddy's newsletter, the Tiger Forex report. He puts out new issues every Monday. You can check that out right under the newsletter tab on TFNN, the Tiger Forex report. You can sign up for $97, comes with a 30-day money-back guarantee. Teddy's got a couple of outstanding webinars as well, right under the Services tab. You're talking some options, capitalizing on time with calendar stock option spreads. We were just talking some options prior. And then candlestick patterns, stock and option strategies. Check those out under the Services tab. Teddy Kegstad, good morning. Good morning, Tommy. Boy, we got a lot to talk about, man. A lot's happened since we last talked to you. We didn't talk to you last week, right? So we got the whole Middle East war that's been happening. Where do you wanna kick things off? Yields through the roof? Where do you wanna start the conversation, Teddy? Yeah, I think that no matter what yields, you have to look at them as being very bullish still. I mean, it's kind of funny. I had a conversation with a friend of mine who's been down at the border trade for years ago. And we were talking about yields in the bond market, because typically when you have a situation like what's going on in the Middle East, especially like as strong of a situation as it is, you would think you would have flight to quality in the bonds, meaning you would be buying the bond market 10 year and the 30 year and even the short terms and stuff like that, and that's not happening. So where is flight to quality right now? Well, flight to quality is in the US dollar, obviously, because yields are pushing higher. If money's not going into the bond market in a situation like this, that's where it's going to. So it's definitely pretty strong for the US dollar, at least supporting it at least, like keeping it from pulling back, which dollars do for a correction anyhow. So I think that you have to really look at it that yields right now because of this situation are showing how strong this trend is. And I would be very careful trying to fade the momentum of the yield curve right now, especially with another rate hike looming. Yeah, it's pretty remarkable. Two weeks out today, right, from a Fed decision, we are two weeks out today. And no matter what happens potentially in this meeting, I think the conversation has shifted pretty dramatically. We didn't know the last couple of weeks in terms of the odds of a hike. We saw the two-year spike in over 5.2%. We got the 10-year, 4.87, I think. I know you talk a lot about the 30-year in your Tiger Forex report as well, pushing 109, 22 just over the highs of 106 in terms of price action on the 30-year, Teddy. If you got people out there, where were you looking for potential? I know you got some breakout areas and downside in your newsletter I was checking out, but for the listeners out there, could you give them a little take on the 30-year? I got the chart up here as we talk. Okay, yeah, so I'll pull it up real quick. For the 30-year, I would say very likely what's gonna happen is you're gonna see probably, I mean, because we have one more rate hike that's looming, you're gonna probably see the trend continue for one. Now, as far as how much further it's gonna go, I think we have every bit of a good four or five handles left to go in the bonds. So you're looking at this 110, 109 area. I think it's very rational that between now and the end of the year that we probably see the bonds down around the 105 to 106 handle area. So that's still a nice move. Now, with the volatility we've had, it's not that hard to make a move like that happened. Now, if we do get down to that area, will it hold? You mean like, or is it going to bounce off of it? I think it's probably gonna have a nice bounce when we do hit that area. But I would say that, yeah, most likely you're going to see the yields really pushed to those levels. I mean, think about this. I went to the bank last week and I was looking at just at the counter when I was making a deposit. You have CDs now for three months going off at over 5%. That hasn't happened in over a decade. I mean, like the fact that now it's actually, when I was standing in line, I'm like, well, okay, so in this checking account, why do I have this cash? And I was sitting idly like that now. For the past four years, especially, I mean, you're making like less than half of a percent. You're not moving your money into a CD and locking that up and even wasting your time. But now you're looking at a situation where CDs actually are becoming something that while you're sitting on short-term cash or something, like especially real estate deals or what have you, they're becoming a very viable option because of this. So that's also competitive for banks. And I think that's also gonna support the yields because there's now a demand for being able to put your money away and getting an interest. There's a theory, put your money in a bank and actually get paid for it. So, and I think that that's something, that trend is going to maintain itself. And once we push these levels, like I think where we're at right now, we're pushing resistance, eventually this is gonna become support. So I think that you have to look at the bond market and the tenure and the short-run, short terms that where we're trading right now probably is gonna become the floor as we move forward over the next year. Like a year from now, you will be looking at these levels and being like, ooh, remember when mortgages were only going off at like, you know, seven percent, six percent, whatever. It would be wild, but it's pretty wild where we are right now in terms of, it just keeps marching on. Everybody seems like it's gonna abate, right? And then we go three months forward and we're making new highs on yields. And I love the conversation of CDs because I agree, one thing I keep pulling up during the program, Teddy is talking about even what a five-year ladder, if you're like laddering a CD can get you right now because I find it so interesting and you're pushing 5.15% is it's ballparking around there. You know, if you're taking a one-year, two-year, three-year, four-year, five-year, you're getting over 5% for a guaranteed, you know, FDIC insured bank CD on a five-year basis and you get to reset it every 12 months. So, you know, if the scenario plays out like you're talking about, right? You're capitalizing that increase in yield, you know, you're not locking in a five-year because what if like you say rates are going up dramatically and I find it so interesting and then you compare it to the S&P, right? And we're sitting at 4,400. And if you do 5% over five years, you're pushing 5,600 in the S&P, which yeah, there's a very real chance, okay, this market's over 5,600 in five years, I get that too. But risk-free, telling a lot of people that I can give you the S&P right now at 5,605 years and you don't risk a penny, that's a scenario that in my mind, you know, in my adult life that I haven't had to play out, which is pretty interesting and it's real money when you're above that price level. So I agree. Crude, we gotta talk about Crude, man. The Middle East in play, of course. Crude gets a little bit of a lift with the action, but nothing too substantial in terms of what's going on in the Middle East. We're trading at 87 bucks. What do you think accrued at these prices? I think they're definitely pretty much in a stable to, you know, higher mode. I don't think you're gonna see any real sell-off in Crude at all as long as this conflict between Hamas and Israel remains. And here's the thing is, as long as it's contained where it's at, I think that Crude probably is not gonna spike too high. I don't see it selling off, but I don't see it really spiking too high. If this spreads with Hamas anywhere else, then I think we're gonna have a big problem. And then I think you could easily see oil shoot up to 120, $150, like in literally a few weeks, you know, because if it does spread outside of Israel and Gaza Strip, I mean, you're looking at oil, it's not just oil production, but the mobility of oil that is produced, you know, and once that happens, you know, it doesn't matter how much oil you're drilling in the Middle East, if it can't go anywhere, what does that do to supply and the cost of oil? You know, so I think that's something you really have to pay attention to. If all of a sudden you start to see any other countries involved, oil I think is gonna spike $20, $30 very, very quickly. Because right now, you know, remember years ago, if any type of conflict you would see oil jumping around all over the place, now it absorbs it very quickly, you know? So as long as it's contained, I think we're setting a range where the floor is gonna be around 80 bucks. But if we, like I said, if it spreads, I can see oil being at easily over $100 to $110 very quickly. Can you hang with us during the break, Teddy? Sure. All right, we'll come back, because we, I just wanna talk about maybe some of the other currency pairs that we're looking at this week with some action. We'll be right back, back folks. We'll finish it up with Teddy, stay tuned. Welcome back folks. We get the S&Ps off almost 25 points right now, trading at 43.77, the Dow. How about the Dow, a little bit of a sell-off. You're off by 150. You jump over to Morgan Stanley on their numbers and acceleration to the downside, off by more than 6% right now, Goldman trading lower, off by 1.7% on those Morgan Stanley numbers. But we're talking to our man, Teddy Kegstad, we're talking some currencies. We've seen the dollar jump around, Teddy. I wanted to jump to the Euro if we could real quickly. Euro, US dollar, I know you're saying everything can always differentiate. We're trading at about 104.50. We've had a little bit of a chop, even the last five, 10 days or so on the Euro. What do you think of the action in the Euro, if I can ask? Absolutely. Well, right now, I mean, obviously the trend for the dollar has been very strong. We're overdue for at least a minor correction. I mean, we haven't had really any significant turn in the dollar, except for, you know, a small two or three day move here or there. And I think that right now, are we, can we have a nice correction? Yeah, I think we could get back to like the 107 area. As long as yields stay around where they're at, if they, now if they're pressing higher, then I can't really see that we're gonna see much of a rally out of the Euro, US dollar. Is it trying to? Yeah, absolutely. I mean, all of the currencies are pushing extremes right now. If you look at like the Aussie, the New Zealand, you know, but what have they been doing? They've been going sideways. And remember, we do have this Fed meeting coming up in two weeks. So as long as, I mean, if oil stays pretty much stable within a trading range of like $10, and if the bonds in the 10 years start to stabilize where they're at and trade, like for instance, the bonds is around 109 or 110 area, if it stays within a couple handles of that and doesn't really move, and that starts to develop a range trade, then I think you could see a nice spike up where I think you could easily see the Euro get back up to like about $1.0750, you know, something like that. Can we get above $1.08? That's kind of a critical area. I don't think that's going to happen, especially if the Fed, let's say the Fed raises rates the next meeting. All of a sudden consensus is like, oh, they're not gonna raise again until next year. Well, slow down there. We don't know what the economic numbers are over the next, you know, couple of weeks, let alone make the next couple of months, you know? So, and I think that that's gonna be very restrictive on the Euro, especially. I don't see it getting too much of a balance as far as a correction. And I would definitely be a seller in that area. Well, Teddy, I appreciate it as always, man. We look forward to talking to you next week. Have a great one. We'll talk to you next Wednesday, man. Thanks, Tommy. Take care. Thanks so much.