 The following is a presentation of TFNN. Good morning, market's kickoff with your host, Tommy O'Brien. Good Monday morning everybody. I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading. We got some weak numbers out there from China. We have a rate cut over in China and we have the market pulling back commodities. We got some action as well. We got action everywhere right now, dollar, gold, commodities, markets, S&Ps. You kick things off. You're down about 7 tenths percent. Last few minutes. We got a little bit of a pop, but you're trading about 28 points in the red right now, 4253. NASDAQ 100, we closed out last week at almost 13,600. You're negative by about 4 tenths percent this morning, negative 58 points. The Dow off 6 tenths percent, 33,514 Bitcoin. There's a little bit of an acceleration from the highs above 25,000 just last night. Yeah, I was going to say earlier this morning, last night, 11 o'clock. We're trading at about 24,000 in Bitcoin. Ethereum has had quite a run recently to above 2,000 just under 1,900 right now for Ethereum. How about the action in crude, man? You got a slowing down China. They're going to use less of everything. They're going to use less crude, pulling back $5 to 87.34 right now. You jump over to the gold contract. Here's some volatility for you folks. Overnight from 1817, okay, down $30 to 1787. You catch a little bit of a spike. We have volatility above 1800. We're right now negative $21 on the session to kick off the trading week for gold at 1793. You jump to notes and bonds. Higher price, lower yield. The yield on the 10-year right now just under 2.8%, 2.795. The yield on the 10-year to be exact. We got some higher price this morning, $119.22. You see the action last week, down to $1,830. Now to put the 10-year on a daily, just for some context here, this daily going back to last August, right? You zoom in on the action to start off the year. You have the 10-year at about $130.50. You trade all the way down to $1,1407. The one thing that is interesting is this pullback we've had, okay, so the lower price, higher yield portion, the small pullback within this acceleration higher from $1,1407, okay, to where we were on August 2nd. We pull right back to that 3A2. So that's a natural pullback. That would mean if we continue higher, right, you're going to see lower yields. Well, we have China coming out this morning, man. That's a big one. We jump over to the VIX as in a way that we could get lower yield, so across everyone. The VIX pretty low levels, that low, all the way from June, man. You got that June low in the market. Then it's been a one-way trip to lower prices. You see where we are on Friday's action. You have the VIX actually to a low of 1912, flirting with the lowest back-and-had that we had at the end of March. Beyond that, you're back to January prices almost. You get an 18 handle on the price of the VIX. Not quite there. We're up a bit with the negative market action this morning, as the markets just been slowly deteriorating a bit and we'll kick it off with some of the China news. China's central bank cuts rates, shocks with a rate cut. As data shows, alarming slowdown is how it shocks is the headline. The surveyed jobless rate, check this one out, though. For those 16 to 24, climbed to 20 percent, I'm rounding up folks, 19.9, a record high and a headache for the Communist Party. Well, you got a whole decade worth of younger Chinese men and women. You got one out of five that are jobless over there under the Communist Party, along with everything else going on. Major Congress in coming months is expected to give President Xi a precedent defying third term in power. Now, you check out, black is real GDP growth, pink is industrial output, blue is retail sales. Look at where the trends are going, folks. Real GDP growth through the second quarter, the number nearing zero, if not at zero. So China comes out there and then everything moves off the heels of that. You have the dollar gaining, future slipping as China warns of outlook, and man, China is the elephant in the room, folks. S&Ps have been up four weeks, they're up about 17 percent right now off of the lows, all the markets starting slightly in the red this morning, retail sales, investment and industrial output, all missing the numbers, and I have the numbers up and close it out right as I was starting the program, unfortunately. I'll pull them up again because the numbers that they missed in terms of the numbers that China came out with pretty startling negative in a huge way for China. Not surprising with zero COVID policy going on over there and the shutdown still looming almost in an ever-present basis. Checking out some of the fang stocks, see how we're trading this morning, Amazon shares. Well, you talk about a run, man, Amazon, even July 13th at 106 up to 143, we're trading at 142 and change right now. You start getting some of these runs, folks, even natural pullbacks, right? The market, S&P, what did I just say, up 17 percent in the run that it just had, from 3600 in change to a price level of 4200. Now it's interesting here, I was checking out these charts over the weekend. You have two different retracement areas that you could be pulling off, right? It's the beginning of the year, 4808, but then you got quite an acceleration to higher price, man. You accelerated March 15th from 4129 all the way to above 4600, 4631, to be exact, and then what happened? You started lower again. Now, off the total retracement we've had, okay, from 4808 to the lows of 3639, that's where you're in yellow, we'll call it. You're just above the 50 percent on the S&P, the 618 is looming at about 4362, okay? If you take the acceleration that we had from the highs of March or April, March 30th, right, then you are right now literally as we speak at the 618. So the 618s of both these trends is the area that we just got into, okay? And that would be an area from the shorter-term trend. You're talking about a 618 of about 4254, okay, and then the 618 of the larger trend is 4362. So call it about 100 point S&P range from 4250 to 4360, 110 points from there. We just got into that range and you're ticking slightly lower now and you are right back to the 618 of the shorter-term trend from March. Interesting when you get that type of an acceleration, folks, because with everything looming out there, China's numbers, very difficult to imagine, inching towards all-time highs. Is the risk worth it? Is the risk reward worth it at a price level of 4253? Doesn't mean the market's going to tank. Doesn't mean we're going to test the lows. But risk reward, as the markets proceed, I mean that Fed meeting is going to come down in September. And boy, the thing I can't wrap my head around is, but it's happening right now and maybe this is what's going to happen because crude is down $4.89. We just got the CPI data and PPI data for the month of July, right? I talked about it last week if you didn't catch some of the programs. A huge component of that, I know you're probably aware of that, is that energy brought down those prices dramatically. But is everybody really aware of the comp that month over month allowed July versus June on energy where we were? Now it's continuing the trend today and we're already halfway through August. So you may, as this happens, okay, China revision, cheaper energy prices, that may be just what the Fed needs, man, to get through August numbers that we're going to get in September before the September meeting, allowing the Fed to have the same exact guy in September. Things are looking okay, energy prices are down, maybe it's 50 basis points, we'll see where we go. But it's a tall task because those numbers we got for July had a huge component of energy and crude was down about $20 a barrel almost over the month. We'd have to do that again and again to offset the rising food and shelter costs that are a big component of the CPI. Stay tuned folks, we'll be right back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. 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We get the S&Ps, negative by 25 points right now, Nasdaq, negative by 52, the Dow, negative by 188, jumping over just some of those numbers real quick that I was talking about for China. Retail sales grew by 2.7% in July from a year ago. The number they were looking for was 5%. So huge misses, okay, down from 3.1% in June also, but the number they were expecting was five. Talk about a huge rebound, huge miss, industrial production rose by 3.8%. They were looking for 4.6% growth, a drop from the prior months, 3.9%. Real estate fell at a faster pace in July than June. I think that one's down like what? Yeah, sales of autos rose by 9.7%, the gold-silver jewelry up 22.1%. Yeah, initial production, fixed asset investment rose 5.7%. They were looking for 6.2%, and I talked about the unemployment, and overall unemployment 5.4%, but China's youth, and that's what can leave it a revolution over there, man. So I imagine Xi and the Communist Party very worried, and I imagine that they're going to bring it to make sure that the people who are unemployed there, because you're seeing what's happening in the real estate market, right? People not paying their mortgages anymore, and a little bit of a revolt there. But nonetheless, that is going to hit the economy when you have an economy the size of China reeling off of their own problems internally that are going to affect everything in a big way. And so China leads into the commodities, and maybe the commodities allow inflation to come down. And maybe that's a new component, because there's some movement today, that's for sure, in a big way. All right, let's jump back to the market. So you've got to love a market, because what makes a market? This is what makes a market. You say one thing on one side, another person has an opinion on the other side. You have a bid, you have an ask, and that's a market. J.P. Morgan says the stock rally has legs, Morgan Stanley disagrees. Rate sensitive growth stocks lightly to outperform, J.P. Morgan says. Morgan Stanley's Wilson, disappointing earnings to push stocks lower. Solve that one. You'll make a lot of money, I'm sure. Very difficult for even Wall Street's top strategist divided with so much volatility. So Morgan Stanley out with the note today, sharp rally since June is just a pause in the bear market. Folks, what I encourage you to do is assess everything from a probability perspective and don't have certainty in everything. I mean, I don't know the exact phrase Larry Pezzavento says, but he's got a great one. You know, we deal with probabilities, right? You're going to be wrong and prepare for that. We had quite a bounce when you go back to where we were in March, okay? When things reversed over the span of the next seven weeks, you drop from 4,600 down to 3,800, right? We've been in a run now for five solid weeks, you could say, four of them green. We start off this week red, okay? But just because we have about the six or 700 points in the grand scheme, we are not out of the woods just yet. Those CPI numbers, man, in any other universe, okay? A CPI number that had a 1.1% food number on a month-over-month basis going up already deep into this much inflation would be very, very worrisome. Just because it feels like the bar has been lowered so much, the inflation is so rampant that the slightest semblance of it being over is taken by the market, okay? That just means that data is going to become very, very important as we march on. We're still at 8.5%, we're month-over-month, we're at zero though, okay? And we're only at zero though because of the energy pullback. So energy at $87 right now presents a very difficult scenario for it to pull back so dramatically that it relieves all the inflationary inputs going on outside of that. But what could help that? A China slowdown could definitely help that when you talk about commodities, right? You talk about crude. So we'll see how China plays out. One more volatility, volatile input that goes into this market. All right, let's see what else we got pulled up here. JPMorgan and Morgan Stanley disagree. Yeah, this was a big data point this morning. New York manufacturing plunges by second most in data to 2001. So it dives more than 42 points. You check that out, folks. New York State manufacturing activity plunged the second most in data back to 2001, okay? It slumped 42 points to a minus 31.3. That's just behind where it was in April of 2020. It's like peak COVID collapse, okay? That should be alarming on many levels as well as you have the S&Ps on a 17% pop right now. A reading below zero indicates contraction in the figure was far weaker than the most downbeat forecast in a Bloomberg survey of economists. Europe, negative 31.3, folks. Look at this chart, and let me blow it up, okay? In terms of where you usually are, the last time you were even below 20 was 2008, 2009. Did you hear that? We're at negative 31.3, and the market is just completing a 17% bounce. And the last CPI number we have is 8.5% inflation, with most of the month over month zero percent only coming in because of energy relief. One biggest drop on record back to COVID, and the only time you've been below 20 since 2008 and 2009. That's quite a manufacturing survey, man. The share of state factories reporting weaker business nearly doubled to 43.6 from a month earlier. Imagine that. You almost had one out of five, okay, in July, and now you have almost one out of two for factories weaker business conditions. Maybe the Fed is cheering this today, as in this is the news that may give the market validation for what it's doing. It's kind of a messed up deal, right, where you have manufacturing pulling back, you have the market saying, hold on a second, maybe that means that this will have the impact on inflation because it may. So you get several regional Fed bank manufacturing numbers set for release over the coming weeks. It's going to be volatile. The magnitude of the slowdown is still alarming. Yeah, no matter how much volatility you got, folks, once that harsh, it's going to be harsh no matter how volatile it is away from the mean. Yeah, so that one comes out this morning as well. The 6040, we've talked about this one before. Crazy the move you've had in bonds, right? The fixed income portion of your 6040 portfolio would have gotten clobbered to start off this year. It's gotten a little bit of a bounce maybe. That's going to be a saga that plays out, folks. When you were coming into this year, the bummer of things is that even coming into where you were, for instance, on the 10-year, you'd back things up on the five-year weekly. If you're sitting in any type of a fixed income ETF, no matter what it is, that's just the 10-year. But what are they? I mean, Fidelity has, or Vanguard has, what is BND? That's Vanguard. They have won Total Bonds and Fund, I believe. To put this in context, to back things up, you come into it with a half a percent yield on the 10-year when you spike to 89 bucks. If you're writing that out, very unfortunate probably in hindsight, easier to say than not, but it seemed inevitable that the risk-award profile of having fixed income at such a low yield presented the opportunity for capital losses if you got a yield that increased, which we have and something like the Vanguard Total Bond Fund, BND, is down 15 percent from where you were in two years ago and you are down more than 10 percent where you kicked off this year alone, right? And Fidelity's got a similar one, I think, is just FBND. Pretty similar action, right? From 55 down to 47 and just this year alone, down now 15 percent almost. All right, folks, stay tuned. We come back for the open. Booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. This-the-goals flagship asset is the Monk Cod Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. 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At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN 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 OK, welcome back folks. We got markets open and right now you got an S&P negative by about 22 points. We got a little bit of a lift from where we were at about 9 a.m. this morning. Last half hour, S&Ps up about 11 points, NASDAQ 100, you're barely in the red just by about 22. We're within about 30 points, less than 30 points, yeah, from where we closed out the highs of Friday, not even where we closed out on the NASDAQ. Bitcoin, $24,155 crude, sitting just above $87.8733 in the gold contract down $18 at $17.96. Notes and bonds, a little bit of higher price and lower yield going on this morning. All right, we kick off a big week of retail earnings. That's not what I wanted. Let me grab it. Here we go. So let's jump through some of the equities we have reporting because we got Home Depot I believe, yeah, Home Depot, Walmart, Target, TJ Maxx, Estee Lauder, among many others reporting this week. But to get things started, what do we have today? Do we have, yeah, we do have some today, but I'm going to kick things off with Walmart that reports before the bell tomorrow. WMT is their symbol. Walmart down about three-tenths today. This thing's had quite a run recently. There's your daily up to 131. I guess you did give it back after those numbers you had. Pretty remarkable, right? First of the week, the market really accelerated higher. Walmart came out with guidance on Monday night, yeah, I remember Monday night, July 25th. They come out with guidance after the bell, very poor guidance. You open Tuesday and by the time you close out Friday, you actually got the entire move down, which was more than about a 10% move down and up for Walmart. You're bumping right up against this area though as you come into their numbers. You jump over to the Analyze tab, Walmart, they were out with their numbers before the bell. You're talking about a $5.53 move, so not too much of a move for their numbers. Maybe they're probably already thinking that we already found out a lot of those numbers when they told us two and a half weeks ago to three weeks ago, three weeks ago, I think, I guess on the dot, that they were in big trouble in terms of the earnings coming down the line. So with that said, less volatility, maybe then more some of the others. We jump to Home Depot. They're also leaving tomorrow before the bell. Home Depot, let's see what Fibonacci's were dealing with here on a longer term basis. You accelerate from a COVID level 140 up to 420. You pull right back to the 50% line. That 50% is also where you have a nice consolidation area from about August to 2020 before you broke higher in March of 2021. And check out that market, NASDAQ 100 in the green. Can't hold down those growth stocks. BJP Morgan ahead so far talking about growth stocks, room to run. Morgan Stanley's Wilson, they're on the bear side, 4264, man, just seems so close to some pretty lofty S&P levels with everything going on from a risk perspective. So Home Depot is out with their numbers tomorrow. You're down about 610% back to a short-term chart. There's the volatility this morning. We jump over to the Analyze tab and about a 4% move, maybe 4% to 5% move priced in for their numbers, $13.44 for Walmart. We also get Target. They're out Wednesday before the bell. Jump over to Target shares, Target, more volatility than Walmart. That's for sure, man. You're talking about a $14 move priced into their numbers, again, Target Wednesday morning, $171 stock. This thing, taking a look at the daily, let's back it up to get that Fibonacci number on there. They saw, was it Walmart? No, it's Home Depot that did 50%. Yeah. Walmart didn't even do close. And check out the difference, right? Well, no, I guess it did more than that. Look at the run it had, right? From COVID lows, yeah, below the 618 and you're sitting right at the 50% line of its entire move during COVID. And Target almost back up to that 50% line. That would bring you to about $178.99 from the entire run it had. You're trading at $171 off the lows of about $140 recently, but Target's had some steep pullbacks. Look at the last time. They had their numbers, man. Watch out in a big way. For Target, they'll be out Wednesday and then we get TJ Maxx. They're out with Wednesday. Yeah. They're out Wednesday as well. TJX. Now, TJ Maxx, you've cut a little bit of a lift. You're up to 65. Their numbers Wednesday, yes, Wednesday as well, $3.44, only about a 5% move for TJ Maxx. All right. Let's check out what's moving as we get the NASDAQ poppin, man. You're up 25 points in the NASDAQ 100, Amazon barely in the green right now, Microsoft shares. People call it flat, Apple, negative 2.10%. As I was pulling up Apple there, I was thinking, of course, Apple's going to be leading green, right? Of course they are. They're on a run recently. Well, they're basically flat, which is great. Check out the run, man. This is a weekly. June 13th, 129. You're trading at $171. What's that? $42 in price action in about two months and you got $16 billion shares outstanding. Is that $650 billion market cap added almost? You're inching towards, you need another $10, $12 or so to get that $3 trillion market yet again. So right now you're probably talking about a company, what we valued at, $2.76 trillion with a T for Apple. Apple basically flat this morning. Let's jump over to the heat map and see how we're trading. Pretty much every, what, no, that cannot be right. Maybe I need to log back out and log back in. These numbers are as of Friday, I believe. That's interesting. Let me get that heat map updated to see what's moving. All right, let's check around to some of the airlines right now. Catching a little bit of a lift. American catches a lift up 1.4, Delta Airlines. Yeah, they're all catching a lift. We got cheaper crude prices. So you're going to catch a lift across the board, Delta up 1.4. Let's see, domestically, Chet Blue up about 910th percent, Southwest up about 1.1. The cruise ships, Carnival can't even catch a bid, NCLH, they're negative as well. Jump over to the VIX. Is this market close back? Some of those gains, 2075 right now for the VIX. Check in on the crew contract, you're down more than $5, actually got an 86 handle for crude. 86 handle for crude, you're going back. I don't even think we hit it there, there did we? No. On February 18th was 87.46, now that's on the rolling futures basis, but right now you're basically back to February 3rd prices in that crew contract, lows we haven't seen in over six months for the crude. And that's a constant back right from where we were June 9th. Not a coincidence folks that you have market lows with crude at 120 and you have crude pulling back what now $33, pushing a 30% pullback from that price level as you've had markets climb in dramatic fashion during that same time. How low can this crude contract go? I don't know but the China revelation today could be a little bit of a game changer from a fundamental perspective because very difficult to see crude prices pulling back to any significant degree considering the influence is going on right now except if you have a very weakening Chinese economy, all commodity prices pulling back in a big way as you have crude right now trading at 87.04. Let's check around some of the chip stocks, they've been in quite a run recently, you pull up the daily AMD, they break out of their downtrend channel almost the beginning of August, you're trading up a bit for AMD right now, you jump over in the video shares up 1.3% right now, see how Microsoft is doing, Microsoft pretty much flat. I saw on the Tigers then today, meme stocks, they're rocking yet again, bed, bath and beyond up another 8.3% today, that's after the run it had on Friday, there's your 30 minute chart, a week ago Thursday it started the action when you were trading at 6 bucks, bed, bath and beyond, up another 8.5, game stop doing anything, they're down 2.6% today. Stay tuned folks, we'll be right back. 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. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. 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An investment in the fund 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, 4-Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We're at the market. It's turning negative pretty quick there. S&P is negative 18 to get the NASDAQ 100, or versus pretty quickly, too. Back to a five-minute chart. There's your acceleration up to 13,606, and just like that, you give up about 50 points. Barely in the red, though. Die right now off about 112. Finish it up with some of the earnings. Talk about chip stocks. Didn't get to AMAT. AMAT, out with their numbers on Thursday. Take a look at AMAT, a recent pop from the lows of 82 to 110 off a high of 167. You jump over to the Analyze tab. Their numbers coming out Thursday, and not that much volatility for AMAT. You're only talking about a less than a 5% move priced into their earnings event on Thursday, $4.79 of volatility for $110 stock, and then on Friday, we got John Deere. Start with their numbers. About a 5% move for John Deere, $18 priced in one-way market may, excuse me, not one way, either way. Market maker expected move that can be in either direction, folks, okay? $18 move in either direction, so you got about a $36 move in terms of what is expected for their numbers, the volatility you could expect. They're out with their numbers on Friday. John Deere, quite a bounce, man, right? Now, you get some negative action today with commodity prices, I'm sure. John Deere off 2.3%, but man, you look at this acceleration, man. You're up, what, almost $80 off of the lows. Even if you just take where this thing was, July 14th, you're talking about a solid 70, right? 290, no, yeah, $70. You're off of those lows, what's that? 23%, something like that, a pop for John Deere. We take a look on a Fibonacci basis, where we are, right at about the 50% move of the entire acceleration this thing had. And it was quite an acceleration, folks. If you remember the drop-off, and that's going back to April 446, and in a heartbeat, you were down to 384, and then another quick drop-off in May, from price level 384 down to 313 for that equity, John Deere. That's some volatility for you in a big way. All right, what else we got pulled up here? Yeah, so this one is an interesting one. Let's talk about this article. And climate change should not get political, folks. I should be able to talk about information coming out that could affect a million things, okay? And this is one. So the headline, much of the US will be an extreme heat belt by the 2050s. There is the thing, right? 2050 seems a long way. Until you realize it's only 28 years from now, it's only 27 years from now in a few months. I got a son that's one years old. He's not even going to be 30 years old by the time they're talking about this type of data, right? That's where kids is the best thing in the world, folks. Joy, you can't even match every single minute of every day that I'm hanging out with them, the beautiful little man. But it really makes you think about time, man. I am in my young 40s. That's old to some people. It's young to other people. I still have a lot of time, hopefully, right? But, boy, you start thinking about a younger generation, man, in the time that has to eclipse. You're only going to be 28 years old in the year 2050, right? He's not even going to be 80 years old in the year 2100, right? So this is out about from... Now, this is from First Street Foundation. It's a New York nonprofit that studies climate risk, okay? They've done reports before. You make an assessment over whether you trust that source or not, which is completely justified, folks. You want to get as much data as you can, okay? Now, the reason I'm familiar with them is that they put in on outstanding data talking about home flood risk, okay? It's First Street Foundation. I'm going to pull this up to get it, because I'll put the link in the den. Because if you're anywhere near water, folks, and you have not seen this, it's FirstStreet.org. This is what it's going to be, all right? Let me pull this up. All right, FirstStreet.org. And this brings you... Now, this was out like two years ago, and I'm going to show you how to pull up like our office in St. Pete and what it shows you. And what it's really talking about is the risk levels for flood that, as there's been acceleration in climate change, have not really been updated on a risk basis to represent the dramatic risk that many properties face, especially over the course of a 30-year period, which most people have on their mortgage, okay? Don't tell me the risk of the next six months. A lot of people, they have a plan, right? Maybe their plan consists of buying a property, paying for that mortgage, paying off your home, owning it outright, maybe as you mature into retirement, maybe sooner, maybe you have a 50-year mortgage, right? Whatever it is, tell me the risk. If I own this for 15 or 20 or 30 years, that I face a massive flood. That is an interesting data point that you should be aware of as well. Now, here's, so you can enter any address in this, folks, okay? And it'll tell you your risks, calculated for flood factor, how high that flood goes. Now, I just entered our office in St. Petersburg, Florida. Okay, now I've done my house as well. Does this property have risk? This is the heat one, I think, though. Did I just enter this in the heat one? Yes, I did. Well, yeah, we know it. We're in St. Petersburg, Florida. Now, right now, St. Petersburg has seven hot days this year. It's gonna experience 25 hot days in the year in 30 years, but check out, what was the worst one here? Miami was the worst one. Where are we? All right, I'll pull this up in the next break. Here we go. Yeah, Miami, we're not far off Miami. I mean, Florida's gonna take a big brunt of climate change when you talk about excessive heat. Miami's gonna go from seven days a year to being 103 degrees, which are the hottest days, to 34 days by the year. So instead of those being a sporadic thing that happens seven days a year, it's gonna be almost 35. That's almost gonna be one out of 12 days, right? And at the break, I'm gonna pull up the flood statistics because what they do say in here, okay, is that when you talk about property values, okay, the heat is not gonna be as harsh as weather maybe, okay? Because houses are actually made to withstand the heat. Yeah, it's the sixth report by this foundation to help Americans picture how warming will impact them in the future. Unlike the others, which talk about fire and floods, okay? And I'm gonna pull up the flood one because, man, in Florida, pull it up, folks. Many people don't realize the risk when you apply something out over the risk over 20, 25, or even 30 years. Unlike those, though, heat does not affect the survival of homes themselves and related insurance costs, so it does not have the same immediate threat to property value, okay? Which is interesting, but guess what? It's got an effect on quality of life, man. And I tell you, it's August 15th. I moved down here about 16, 17 years ago now, which is wild to say, and it seems like it's a lot warmer on a consistent basis during our summers than it was then to say the least. But I'll pull up the mapping one because this is what they talk about for mapping and we'll take a look at it as well. You can make the guesses in terms of where Florida would be on that as we go forward in mapping, but I encourage you to look it up, firststreet.org and then you can pull up in terms of your flood risk factor. I'm gonna enter it right now. All right, I'll enter it during the break. We'll come back, we'll take a look. As people who are market participants, right, you wanna be able to accurately assess risk. And many times what's happening there is that the risk has not been updated with the science of the elevated levels because it's moving so quickly and the storms are intensifying so quickly. So we'll take a look at that. We'll take a look at this market, pretty calm market to kick things off with that New York manufacturing number pretty weak, China pretty weak. Nonetheless, S&Ps were only down by 10. Stay tuned folks, we'll be right back to finish up the show. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all tigers and tigers for just $1 for the year. 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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 that 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. 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. Welcome back, folks. We're here at the NASDAQ up 22 points, right near $13,600 right now. You get that crew contract, a little bit of a bid off that $87 price point right now. You're trading at $87.72 after chopping around at about $87 bucks, a low of $86.82. You jump over to notes and bonds, higher price and lower yield coming at you, the tenure of 20 ticks at 1.19.29. That's talking about a yield right now, just under 2.8%, no, look at that run. We were at 2.79, 2.795, I think to kick off the show, we're already about 2.76% the yield on the tenure. You jump over to the VIX volatility index right now, comfortable at about 2055. So that's side again to check it out folks, firststreet.org, okay? And you can pull up the different risks that have to do with your home. I just picked a home, not even in my street, but someone in my neighborhood in South Tampa. And you see what it does is it gives you, now they've added fire and extreme heat. All right, yeah, Florida, you're gonna get a lot of 10s out of 10s. That's already the case almost, but flood. So it puts this property near my property, six out of 10, okay? But what's cool is the risk of any floodwater reaching this building in 30 years, yeah. In one year, it's 1%. You run those numbers folks over the course of 30 years as you have rising levels, as you have the potential for larger storms. Okay, one of the things they talk about in here of a very severe flood event occurring, the type that occurs in one in 500 years even, okay? That right now could cause 2.5 feet of water reaching that building, the house in the neighborhood. In 30 years, the same random 1 in 500, okay? Because of things upgrading, would now bring 5.6 feet of water. And if you run that over 30 years, that's a 6% chance, okay? Where I am in South Tampa too, is pretty elevated folks, which is the six out of 10. I'm actually in an elevated area of South Tampa. Many properties near the coast are gonna be much more higher risk than that one. But it's great information, check it out, the heat one's pretty intense as well. This market, this market's pretty intense, man. That's a bid for you. The NASDAQ, up a quarter percent to kick things off. S&Ps, are we gonna get a green print by the time I get off the air in 15 seconds? Maybe not. It's probably gonna wait for our man Basil Chapman coming up next. Thanks for starting your day with me, folks. Thanks for supporting us. Stay tuned. We got a great day at lineup. Basil's next. Of course, we got Steve Rose at 11 with the new lineup. Fast market, Larry at one. David to.