 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Good morning everybody. I'm Tommy O'Brien comedy live from TFNN Wednesday morning 9 o'clock 6 a.m. We got about 24 minutes to go until the starter trading and markets in higher territory But pulling back a bit from the highs we had just this morning You see the acceleration up to 47 12 at about 6 45 a.m. This morning News coming out that it looks like Pfizer and Biontech saying their booster provides high level of protection against the Omicron an initial lab study There's a little bit of acceleration You could argue that a lot of that already may be potentially built in quite the run We had the last couple days in terms of fears of the new variants subsiding you go from a low of 45 31 And as I just told you we just reached 47 12 47 12 from 45 31 you're talking about a hundred and 80 S&P points from where we were just Monday morning remarkable and you're talking about within about 30 points That's within about 1% folks of all-time highs on the S&P NASDAQ 100 tech stocks quite a day higher yesterday in the NASDAQ up 3% NASDAQ you're talking about Monday's action. How about 800 points almost in the NASDAQ from a low of 15,005 159 we're trading right now at 16,000 323 the Dow is positive by 34 points right now Dow within about 700 points of all-time highs in the Russell positive by 7 Russell with some volatility you talk about a pullback from 24 60 down to the lows of about 21 43 So you're talking about 320 points from the lows and we're right back in the middle of this consolidation The Russell had been in for the better part of 2021 crude oil we'll be talking our man Teddy kegs dad from forex-trading-unlocked.com at 40 past the hour We'll be talking a little bit of forex. We'll be talking a little bit of crude crude quite the acceleration off the lows We had last week over the last six days. You've seen crude trade up basically $10 from 62 43 today We reach a high of 72 79 We've pulled back a bit but crew with a 71 handle right now. You got gold off $2 at 17 82 Gold quite the acceleration in November up to 1880. We've just been chopping around with all the volatility in the market Look at this calmness that we've had in the gold contract with very little volatility indeed and no 10 bonds We jump over the 10-year a little bit of lower price and higher yield We jump over to the yield right now. You're talking about 1.5 percent. We're about 1.46 yesterday We're sitting right at 1.5 percent the yield on the 10-year The price action put negative by four ticks at 130 oh six and we jump over to the volatility index Sucking out that volatility in the market. We're at 21 90 Next stop looks to be about 20 bucks at least close in this gap 2096 is where that gap would get closed and that is the gap that we saw from Wednesday prior to Thanksgiving To the Friday where you had that huge sell-off beginning of the half-day of action on Friday following Thanksgiving We've been stuck above 22 basically since that time today Maybe it's that day we get out of that price level with the VIX subsiding and continuing that action All right jumping around to what else we have going on. We'll start it off with Vaccine optimism. So that is the headline there and when you jump over Pfizer-BioNTech say booster dose needed to fight Omicron, but that it is effective initial lab studies showed a third dose of their vaccine May be needed to neutralize the Omicron variant results that will accelerate booster shot drives around the world That's a 25-fold reduction in neutralizing Antibody levels versus the variant compared with the original strain. This is what we're seeing It looks like it definitely is something that's more contagious But the good news is it seems like it's a milder case and it seems like the vaccines do work Maybe the booster is necessary However boosting with an additional shot of the vaccine raised antibodies 25-fold against Omicron Giving a similar level of protective proteins as observed against those earlier versions after the standard two Doses they indicate that two doses of the vaccine may not be sufficient. I mean, that's kind of what we had seen folks This is an ever-evolving science. I've gotten my booster. I encourage you if you're on the fence go out there talk to your medical professional Because they are safe they are effective and we're seeing it happen right now in live action With the market getting a little bit ahead of itself on this sell-off post Thanksgiving, but man They've gotten it all back. We're trading at 46 89 now the S&P's taking a look at this chart We've had you back it up even further really remarkable that we are staying within this trend line From the lows of COVID I was talking about this yesterday and it's definitely an art not a science folks All right, you could try and take the lows off of the COVID low We had in March of 2174 But if you line up where this thing took off from basically in April if you take the action under 2500 out of there Maybe that was a little bit of an exacerbated low because remember just zooming in on that low the moves We were having in the S&P at this time remarkable. All right We had a move on March 24th of 217 points from low to high and We almost opened at the low and closed at the high we opened within three points of the low We closed within three five points of the high five and five point five points almost What is it the highs me that the high is 2447 the close is 2442 50 five point two five you have a 200 and Gotta get this right. It's just big numbers 217 point bar Yeah, and we open within a few points of the open And we closed Basically within about five points of the high so remarkable actually take that out of the equation though Maybe those few days where we really shouldn't have been below 2400 because I mean it's not like we knew much in March 24th The the market just kind of said hey hold on, you know, this isn't going to be the end of everything and you trade it up I mean that's almost a 10% pop folks S&P's are training at 2200 and we had a bar that was 217 points I have to keep looking at the numbers because they're so big I think I'm making mistakes so with that in context if you take the trend line not incorporating that it lines up pretty well to The lows and the highs maybe a little bit of a linear regression But man this thing just bounced right off the bottom and if we're on the way to the top you're talking about 4875 That's right now, but if as we go into the future you're talking about maybe 4900 as time progresses a little bit across the board there All right, and that's a good segue to JP Morgan Carl Contania, he's got some good tweets out there recently. I'm gonna pull up a couple that I found on his tweet feed this morning JP Morgan though this morning talking about 2022 will be the year of full global recovery and end of the pandemic a return to normal economic and market conditions and they put a price tag of the S&P of 50 50 not bad folks not bad indeed Back this up on a three-year weekly 50-50. I mean just to put it on this chart where we are That's quite a remarkable acceleration even from here You're talking about a solid 400 or so points in this index That would be what an eight or nine percent move for 2020 Combining the final month of 2021 all things considered I think a lot of market participants would take an eight or nine percent return in the S&P right now following the few years We've had in the you know 20 25 percent gains. It just cannot that be that way going forward folks There has to be some recoil on the market 20 to 25 percent gains on a consistent basis just is too much money It just is not how things work folks across the board. Yes, certain companies can rise at that level The entire economy rising at that level not quite how things usually work You just have to go back to history to see how these charts oscillate But man JP Morgan out there with some strong recommendations and Fundamentally, I would somewhat agree. I mean, I would say that life is getting back to normal We're gonna have these flare-ups of variant concerns until we really get the whole population of the globe Vaccinated to calm down the number of cases that are allowing these variants. We're gonna have some flip-outs I'm sure in the market when it comes time for stimulus fading away and tapering that would be the real concern State June folks will be coming back. We'll be talking about Kevin Hinks from fast market TD Ameritrade Network. 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To 4 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 Welcome back folks We get the S&P's right now positive by four points all the indices in the green with the Nasdaq 100 up by 9 Dow up by 25 Bitcoin shares Bitcoin shares Bitcoin itself. I guess you call it negative 800 bucks just under 50,000 Bitcoin with some volatile action in a big way Bitcoin yesterday We had a price action all the way up to 52,150 so seems like a couple thousand dollars on Bitcoin just par for the course these days All right folks Let's jump over to our man Kevin Hicks every trading day 12 noon eastern time fast market from the TD Ameritrade Network Kevin Hicks Tom White and the team breaking down the day's market action Walking you through hypothetical trade setups folks in the option market talking about Delta talking about Theta talking about defined risk Kevin Hicks. Good morning Good morning Tommy or Brian. Yeah, you know, I think we've got a market here that is You know has has run quite away in the last couple days and we'll see if it's got any more legs good news this morning out of Pfizer and It looks like the combination of two vaccines and a booster will work against the Omicron variant That's real good news. I think you've got breaking news out of Roku and they're cutting the deal with Google I think that's that it's got that stock up about oh 16 17 dollars the last time I looked and you've got Kind of a lead in to the CPI data that's coming up on Friday Tommy and but besides that Not a lot of data to really get the way of this market right now Tommy So can it run into Friday's number? Very possibly yet? Yeah, pretty remarkable Kevin and I think on that Pfizer news this morning You saw the S&P's even I got the chart here up on the thinkorswim platform on a five-minute basis jumps to 47 12 About 645 7 this morning But then it just gives back that 20 or so points Kevin probably what you're talking about a lot of this built in Remarkable that was only I just had to pull it up Kevin 12 days ago was the Friday after Thanksgiving I think to myself then right the worst of the worst was kind of Cascading through the market of fears of the the mutations in the spike protein and Vaccines not even working and within 12 days We have the market back sitting within 1% in the S&P of all-time highs And we have news out there at least from the companies themselves saying that a pretty robust protection with the booster Especially and I saw that Roku news as well man And I like that because I watch YouTube on my Roku folks I watch Tiger TV on my YouTube channel on my Roku if you don't check it out It's a great deal. So I was excited to see that and Roku is up about 16 bucks So Kevin we look really for Friday. I think in my head. I'm looking for CPI all the rage I mean we just had you could call it a variance scare in the market But I see the Fed as being the real catalyst as we go forward JP Morgan out there with no fear at all today talking about maybe 5050 for next year as we get over COVID What do you look for for that Friday number as we come into it now basically back at all-time highs right now Kevin? Yeah, well Tommy the expectations for Friday's number are fairly muted in terms of What last month's number was it was point nine this one's looking point seven the ex food and energy was up point six This is looking up point five. So if those numbers come in like that that would be, you know, less acceleration in In inflation and I think the market would like that. So yeah, I think you look at the consensus You look at what they were a month ago and CPI is such an important part of the inflation narrative So this number coming up on Friday. Yeah, don't discount it. It's a big one Tommy Yeah, it'll be pretty cool man, and I think over the course of And we've been saying it for a long time Kevin It's like every month we go forward these data points are so important as chairman Powell is gonna have quite a task ahead of himself as we taper As we deal with possible inflationary tendencies, but it'd be interesting over the next, you know Six months or even year how these play out because of the volatility. I think that might be in this market I was talking about my subscribe to my subscribers yesterday Kevin saying it's a two-way market If anything, which is pretty cool as a trader right now that you're gonna have volatility in this market because of Just some what you talk about. I mean, there's so much unknown Kevin We're waiting for CPI data in a normal world without a pandemic CPIs can't vary as much as we've seen right now But as a trader, I think it really provides the volatility that we were missing for so long when the market was just dead a vix That seemed normal at 12 or 13 Kevin quite a far cry from where we are right now With that in mind you mentioned it. We got some earnings coming out still Man some some big numbers in terms of Mrs. Ditchfix. They're down pretty dramatically today Campbell soup was a little bit higher on their numbers We do have some for the week. Are you guys gonna be talking about any equities coming up at 12 noon today? Sure. Well, what like folio a day ahead of time? They're gonna talk about Lou Lou lemon That'll be a huge presentation that that they do because Thursday So piled with good names and then we'll trade our age restoration hardware today And then we're kind of thinking about that last one We're gonna try to make it as timely as possible. So we may trade some Roku today based on their Google alphabet news Nice and yeah, talk about some two powerful stocks man. Lulu lemon Just remarkable how they've transformed that athleisure industry completely It seems like that stock just does not stop hitting 485 just recently and restoration hard man, man Quite the story in terms of their acceleration in 2020. I got the chart up here I had a trend line that it was in Kevin from March of 2020 called the COVID lows almost takes it all the way up to the high we saw in August But man, they've had a little bit of a pullback back to about 500 and change 576 from 744 Those those stores restoration hardware man, they have a beautiful one in international plaza I'll tell you real quick Kevin and they put one in I hadn't been there in a while This is a couple years ago now. I go to international plaza I said did they just put a Hilton in the middle of international plaza It looked like a hotel the thing was so big Kevin that I found out no No, that's just a store that sells goods for your home. So oh my goodness check out that thing And that was a couple years ago They just built one a mile from my house and it is the curb appeal on these buildings is spectacular I I'm not lying folks. I thought it was a Hilton hotel I could because it popped in and this is a beautiful mall Kevin international plaza in Tampa You know as in there's a lot of things that pop in that place, but they popped especially a two-story giant And yeah, so they they've they've come in and and talk about being in the right place at the right time as people try And take care of their home spruce it up Talk about being high-end at the right time as well. Well, Kevin, we appreciate the conversation man We'll be watching at noon Eastern time today Lulu lemon restoration hardware and we'll look for that third stock as well man You have a great day Thanks for having me on Tommy. Have a great day. Always a pleasure Kevin you too folks tune in 12 noon Eastern time You heard it. They'll have a great presentation from like folio at Talking about Lulu lemon and they do an outstanding job folks talking about consumer sentiment out there And there's so much data. That's the coolest part There's so much data out in the world right now when you talk about social sentiment They do a great job of kind of corralling that all giving you the presentation for Lulu lemon and seeing how that might impact as they come Out with their numbers on Thursday I believe this week jumping over to Lulu lemon on the thinkorswim platform We jump over to the analyze tab They have an old earnings tab underneath there and there it is December night They'll be out with their numbers tomorrow the market right now pricing in a one-day Market maker expected move of almost $29 for a $434 stock now you jump over so you got $29 for the move Tied to earnings the weekly number with exposure through Friday You're talking about a $36 move quite a move for a $434 stock for Lulu lemon out with their numbers. Let's jump over to restoration Restoration hardware. There's some moves for you as well. Now. They're out with their numbers today jumping over It's almost a 10% move priced into the numbers folks. That is a decent number. If you're looking to absorb some premium I might have to take a look at that stock from my newsletter because anytime you see a 10% move priced into an equity folks I say maybe there's some premium up there to absorb if you don't think it's gonna have that type of volatility around earnings That's why you should listen a fast market coming up at 12 noon Eastern time today folks Is they break it down with Kevin Tom White the whole team stay tuned folks will be right back for the open Are you having fun trading the markets? 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You were trading at 176 in 2019 I believe we got under one 200. Yes, we did to 196 yesterday's action last week got down to 199 You're catching a bit there has to do with a multi-year agreement So not just a short term multi-year agreement looks like Roku was well aware that Google YouTube was one thing They had to have and I would agree. I watch a lot of YouTube. I got kids in the house They watch YouTube occasionally It's pretty cool folks if you haven't tried it out if you have a player of any deal In terms of if you have any type of a streaming stick An Amazon fire stick whatever you use to stream onto your television You can go right to YouTube search TFNN pull up our live stream during the day You can be watching all the host live on your television through that I watch it myself throughout the day If I'm around the house and I have the TV on you just throw on the YouTube app pull up TFNN You got all your favorite hosts there live on your television. So people use it immensely Multi-year agreement with Google to keep YouTube and YouTube TV on its streaming platform now YouTube TV Even even bigger one right in terms of people paying for that deal Yeah, Google had previously threatened to pull both YouTube and YouTube TV off tomorrow December 9th Caught the attention of Congress attempting to reign in the power of big tech companies like Google But they've done a deal nonetheless that much is on the market really liking it for Roku Google I looked at earlier not up too much. You're up about two tenths percent Not sure really that has to do with that big of a deal in terms of four They're a deal with Roku. All right. What else we have going on gonna jump back to the Fed decision and focus on that now Where are we? That's not it That's not it as well Give me one second folks What did I do? I Somehow lost what I had here today All right, I'm gonna pull it up. I had an opinion piece from Bill Dudley talking about next week No, I gotta find this it's here somewhere Is it not can't believe I closed that down? All right, I'll find it One moment as I pull this up folks because this one's too important. I want to talk about it here We go. All right, I found it again. Just that quick. So the next Fed meeting will offer more surprises now Full disclosure here. Okay in terms of Bill Dudley. He thinks that the Fed has to Taper much quicker. He's a former Fed official from New York He believes his opinion is is Not hidden as in I'm gonna pull up what he was writing a week ago. Okay, the Federal Reserve needs to act on Paul's words If central bankers don't accelerate the taper at their policy meeting in two weeks, it'll be too late Okay, he's putting this messaging out there because that's what he believes But you got to be aware that it's possible the Fed's got a meeting coming up December 14th and 15th That's next week. That's next week folks That's Wednesday Excuse me. Let's make sure Tuesday and Wednesday. Yeah, Tuesday and Wednesday of next week Beyond the taper the long-term outlook for interest rates might come as a shock to markets. Now. He's out there saying That at their policy meeting next week now, he's trying to introduce the idea though to make it happen, okay, but you have to realize it's possible folks because Chairman Powell I was actually pretty exacerbated that he was so strong in talking about retiring transitory when he had been talking about Transitory forever In light of the context of the stimulus and where rates are, okay You have to recognize the importance excuse me of a statement like that and the implications it could have on their plan to taper and Raise rates potentially faster than the market was continued anticipating now The aim is now to complete the program in time to be able to start raising short-term interest rates as soon as March should that prove to be necessary But the taper isn't all that will be on the agenda next week's meeting This is build ugly talking again opinion piece not new is opinion But it's an important opinion and you better believe that there's a certain probability folks that this could happen And I'm not sure the market is pricing in the probability that this could happen a lot quicker than they were thinking Fed officials are likely to signal a faster and larger tightening of monetary policy over the next three years to an extent that markets have not yet Anticipated okay, this is build ugly. This is his opinion. We'll see if it plays out But we only have one week folks the last time the Fed officials published economic projections in September Talk about a long time ago. They expected inflation to fall back close to the Fed's 2% target Even as employment pushed past the levels consistent with price stability That was a long time ago folks and the Fed they're not thinking that anymore Their median projection for the central bank short-term target rate at the end of 2024 was 1.8% Well below the 2.5 2.5 percent level most judged as neutral this time around The broad contours of the economic outlook will probably similar the median forecast for next year We'll show above trend growth pushing unemployment below 4% The biggest change will be in the interest rate policy officials deemed necessary to achieve the economic outcome last time the median projection for the Fed short-term Interest rate target at the year-end was 0.3% for 2022 1% for 2023 and 1.8 for 2024 this time the upward path will start sooner steeper and rise higher for 2022 he's looking for 0.8% that's three Quarter percentage point increases next year And for 2023 He expects officials to project four more rate hikes taking the median target of 1.8% a year earlier than when the market was thinking just three months ago for 2024 2.5 percent Judged as neutral one can make the case that the 2024 interest rate projection should go beyond neutral I would almost argue that folks You know we'll find out on Friday and and Friday is going to matter in terms of what matters next week But be aware if Friday is a hot number from inflation That's going to put a lot of pressure on this Fed meeting coming up next week The shift in the Fed's interest rate projections might come as a shock to markets is as he puts it I I kind of I I agree with that as in I agree that right now this market is trading like everything Is perfect and when you're trading like everything's perfect We saw what can happen when you get a few scares of the variant That's not what the market really Should be worrying about my opinion folks as traders as investors You should be focusing on the taper because over the next year things are going to change dramatically as asset purchases go away And interest rates rise at a level we haven't seen in a while And we're going to see how that plays out now. I'm going to throw a little bit of fire Uh fuel on that fire even more I told you I had a couple tweets coming out from our man Carl Quintanilla Quintanilla Not familiar with him, but he puts out some good stuff on twitter folks I'll give him a nod look him up on twitter this one. He was talking about is this the tweet I took from it No, okay, but that he was tweeting this out talking about data track research Consumers having a little bit less cash Maybe then they had previously which is the reason why credit card balances are rising at a healthy clip Once again, really remarkable how these went in terms of people stop spending money march of 2020 862 billion was the peak for consumer loans credit cards and other revolving plans and from all commercial banks We reach a low in february of 2021 But since then we're on the rise Consumers might not have as much cash as they had previously That's something to keep your eye on as we have rising rates. Stay tuned folks We'll come back with teddy keg stat talking some forks are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's tfnn.com then hit watch tiger tv Welcome back folks We have stocks pretty much flat right now the dow up about 40 points s&p's up by four and nasdaq the only major index in the Red by about one tenth percent right now in the rustle though charging higher up 2.2 percent In a big way at 22 53 Let's jump over to our man. Teddy kegstad folks You can reach teddy every trading day at forex dash trading dash unlock.com We talked to teddy every wednesday at 40 past the hour. He talks to us about forex. He talks to us about some commodities Teddy kegstad. Good morning Good morning. Tommy we got a lot to talk about today in front of this fed meeting next week I like it man. It seems like every week teddy man. We got some big action going on whether it's crude whether it's currencies And of course with the fed action going on we got interest rates 10 year yields in about 1.5 percent I'm not sure if you were listening in the last segment Just talking about bill dudley out there with an opinion piece making the case that they might be having to hike a little bit Case faster than the market might be anticipating Be interesting. We got a cpi number coming out friday a fed meeting as you said next week Go ahead. Where are we going to start man? Okay, well, how about we do a little run around the world? I got some price targets and things for your guys And then we'll we'll break it down for you after that. I love it. Let's do it. All right. So starting out euro us dollar Okay, for those of you who follow my site, we stream, you know videos and also signals We had the euro us dollar just hit this morning the one 1311 target now. That's a key little area now We're coming off a higher move low swing low So there's a good chance that the euro right now is in a nice little corrective phase And it's going to make a run for that last major swing high around 113 80 I think that's about all you're going to see right now. I think that between now and next wednesday You're going to see a lot of divergence between the currencies versus the dollars So a little strength in the euro weakness in the pound, which we'll get to in a second 114 38 I think is your up extreme for any rally in the euro us dollar up until next wednesday Okay, because nice we'll get to it. We'll wrap it up when I can after I finish this, okay I'll follow you with the charts. Perfect. Go for it. It's a choppy mess unless you're already in it I would work a position otherwise. I would look to buy dips. I think that that's your best opportunity But it's it's a nightmare until things get under control until next week Okay, now unless there's a big rally in oil and a big sell-off in the interest rates Then I would say get become a buyer for sure But otherwise stay out of that one for until you get a valid signal British pound us dollar is weak right now. It's it just made a lower move low today while the euro is higher So that's why that that's why the dollar index right now You are not going to be able to use that as a good guide until after next wednesday You got two strong currencies going the other way. You know what I mean? So Yes, it's a grinding bear. I would use caution if I would if you're short I keep your stops tight if you're looking to buy I'd wait for a valid signal because don't try and catch a falling knife right now There's a lot of geopolitical things that are also weighing on on the uk Now let's get to our favorite one to talk about the us dollar Japanese yen Which I'm long actually and have been for a long time. You all know that one 116 is back on the target right now with the oil where it's at interest rates We're coming off the amicron blah blah, you know scare I think that you're going to see like a balloon underwater rally with the us dollar yen over the next week or so And that's regardless of what goes on with the Fed going into next week. Okay Australian dollar us dollar nice little lift right now getting a nice little bounce. I'd be cautious being a bull I think it's an upside correction right now, especially with the strength and oil But we all know what's going on in Australia. It's not good for global economy. Okay New Zealand dollar us dollar which tends to go along with the australian When it's kind of just in a free float is had a nice little three inside up buy signal It's a high probable Japanese candlestick pattern which you can learn about my book if you read it I like those candlesticks perfect And it but it has a good upside target of about point 68 49 I think that's where you're going to run into some heavy selling But it could still get up to point 69 even I think that's about the extreme for a correction of the New Zealand dollar us dollar So one more and then we'll get into the back with backbones and stuff US dollar Canada bring us back to north america is back on the skids remember is in an overall bear market It's been in an upside correction for the past like four months Bobbling around I would use caution being a bull with that market right now Especially with interest rates going the way they're going and oil going to the way that it's going It's going to be a tug of war with that currency right now I have a downside target of a dollar 25 49 with the dollar 24 70 being a very easy extreme sell-off target in the short So and that's where I see things right now with these signals and with those the direction I just gave you That's a lot of divergence. Like I said, we had the euro that's strong against a dollar pounds weak Swiss is in nowhere as well. So Europe isn't a is a mixed bag of goods the same thing is with asia You have the dollar strong against the yen dollars weak against australia, which right now you would think how is that possible? But that's what just what is going on in the markets, right? Sure. Well, I love the wrap-up man. You do a great job of walking us around that whole globe Now crude we have to talk about if we can real quick Uh, quite the volatility. I was looking at waiting for you to come on today and I said, where were we last week when we talked? Um, crazy action when you just even back it up to last week. We're at about 68 bucks We trade down to 72 and we got a excuse me 62 and then we get a 73 handle Um, you know, we I we kind of know where you've been on this one But what do you look for in crude right now at 72 dollars in the near term? Even if you're talking about 100 dollars in the longer term Oh, I think it's going to hold. I absolutely think it's going to hold I don't see oil. I think what we had over the holidays was that little amicron sell-off Remember remember when we talked on wednesday two weeks ago when I was out in arkansas I said be careful of holiday markets. They're thin the algos will kick in and drive it crazy I think we had that's what happened with the oil market on that friday when it collapsed, you know I mean, yeah, we had a 10 out $10 break in oil with no news in the world that would substantiate having that happen You know, so and it took last week to kind of absorb that correction and it's got a balance I mean now it's like a balloon underwater. I don't think that oil has any way of getting suppressed right now Especially like I look at how the the prices at the pump have been They're only going up in the midst of having that big break and I was traveling through the midwest You know, so if the gas prices aren't taking a dent and they're going to make height or they're going up That's just as an indicator right there Yeah, I I had to tell you because the people in my house, right? I was telling them Hey, cruise cruise just went down a lot. You know, the gas might go down. This is right before Thanksgiving And uh, and they were saying well, I always like to buy gas right before the holidays because they never go down I say you're not listening to me. All right cruise going down It's going to go down and and guess what I was not right on that one Teddy because they never went down man, even with crew going to 62 bucks. I I agree I was kind of I just kind of threw up my hands and said, hey, what do you want me to say? I know they're not lowering the prices, but Yeah, higher prices for sure Um, and then so could we real quick teddy with the with the fed? Where do you see the fed next week with what's going on? We got about a minute left Sure. Well, you know what the fed a week ago finally said, oh inflation is not going away Something we've been talking about for the whole year, you know, and there always is a lag with their speak It's just like they use car salesman or a real estate agent. The market is always fantastic. It's never bad You know, yes, so now they cannot deny it and now they have to pull the trigger But since you're no longer in denial, what are you going to do? You can't do what you've been doing now beforehand when you said inflation wasn't a problem. It's normal Oh, it's just a spike now. You say that inflation isn't going anywhere Which means that it is here and it's staying. What are you going to do? You know, so I think that they're going to probably You know that tapering is on the table and as far as I agree with you with your uh The person from the last segment that yeah, there's a really good chance of them starting to raise earlier than uh later I think for sure And I I just think you know, whether we know what's going to happen or not, man It's not priced in when the market's sitting at all time eyes because inflation's soaring and the fed chairman's telling us Hey, we were wrong inflation's here, man Teddy, we appreciate the risk rigor I listen, I I look forward to talking to you next week, man. We'll find out Thanks, teddy. Have a great week man. We'll talk to you next week. 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You can call 877-518-9190 That's 877-518-9190 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 got the s&p's up by five points right now tech stock slightly in the red They get the nasdaq 100 negative by just 18 points now of 28 russell up by nine I think I had a wrong print right there when I was talking about the russell um, did I? Yeah, I did i'm not sure why I pulled that up It was telling me that the russell was positive by 2.7 percent that was wrong data You get the russell right now up by about four tenths percent. Let me see those are futures too. Let me see the cash Cash you're actually talking about maybe down. Uh, is that right russell? Maybe down about two tenths percent nonetheless Yes, that's the action this morning. Okay, excuse me. Let me put it back on the daily There's the daily so russell barely positive on the futures. That was probably yesterday's action nonetheless right now I have cash. I'm not sure That's 939. No, that's wrong. Okay. This is what's right This is what's correct for russell's positive by half a percent had to get it straight myself thaw positive by 31 Nasdaq negative by two tenths. Let's jump around to some of the fang stocks Tesla not necessarily a fang stock, but I like to check them out. They're negative by about half a percent today You have amazon shares negative by two tenths apple making new all-time highs yet again Seems to be the trend lately up three quarters of percent at 172 I talked about it before somewhere around 183 or 184 apple would become the first three trillion dollar company remarkable Microsoft down three quarters percent and google on the heels of their deal with roku flat right now on the session And i'm going to jump over to docu sign up 3.8 percent today docu sign Where are we insiders? Yeah, there we go you had the uh president and ceo Buying 4.8 million dollars worth of the shares first time you had insiders buying docu sign I think it said maybe since it went public back in almost 2018 always encouraging when you see that Uh, it doesn't necessarily mean everything because it's kind of a game theory perspective right pretty cool when you know If you're a president ceo if you buy something I might give it a lift Uh, it's a self-fulfilling prophecy in some degree, but something to keep your eye on maybe that's kind of a lower area That even the president and ceo finds attractive at the price of 144 docu sign up 3.8 percent today S&P is positive by one stay tuned folks. We got a man basil Chapman live with the tiger technician tower coming up at 10 We got our man larry pesavento live at 11 fast market at 12. You heard them. They'll be talking about lulu lemon They'll be talking about restoration hardware. Maybe talking some roku steve rhodes at one david at two tom o bryan My dad live at three o'clock. Have a great wednesday everybody