 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Tuesday morning everybody. I'm Tommy O'Brien. How many alive from TFNN, 9.06 a.m.? We got about 24 minutes to go until the start of trading. Quite a day to the downside yesterday. Market clawed back some of the losses to kick off the trading. We look at the S&P right now. We're up 17 points. Look where we were yesterday. Low is intraday. Before you finish with a little bit of positive action. I mean, well off the lows we had yesterday, whether it was at about lows just prior to noon. The actual low yesterday, you're talking about 42.67. So you're 40, 4.0 points above that price level. We hit that price at 1 o'clock yesterday afternoon. You also came down at about 9 o'clock last night. Things looking a little bit dire. But since then, look where we are. We're up about 40 points off of the lows in the S&P. We're positive by 4.10%. You look where we were yesterday. You're talking about basically in the middle of the range from that full sell-off that began right at the market open. Tech stocks are what started things yesterday, trading lower in a big way. They led on the way down. You get the NASDAQ 100 up 3.10% this morning. Yesterday morning at about this time, 14,735. You trade down to 14,367. So as you see, technically on the session, you're positive by 40 points on the futures. But you're talking about positive by about 130 points from the lows we had yesterday afternoon. Last night, we were down at almost 14,400. Dow right at 34,000 as we speak yesterday. You sell off quickly to about 33,700, just like the S&Ps. We hit that price level at 9 o'clock last night before trading higher. We got the Russell up about eight points right now at 22, 23. Bitcoin back above 50,000. Quite a week for Bitcoin shaping up so far, 50,300. Crude catching a bit as well. OPEC holding strong on their cuts. You got Crude trading higher above 78 yesterday. We almost got a 79 print this morning, 78,88. The price of a light sweet. Crude, you jumped to gold, pulling back today. We got gold down $13 at 17,53. Gold trading inverse with the market yesterday. Gold accelerates to 17,71. We get back almost all those gains though in gold. And we jumped to silver, negative 22 cents at 22,42. We got to check out natural gas because that thing has been on fire. We hit 610 this morning, taking a look at the daily on natural gas. You're talking about those are dailies. I mean, for a second I said, is that a weekly? We got such large bars? No, they're not, but we got higher prices. I mean, the only thing above where we're trading at right now is that spike high we got last week, September 28th at 631, and we jumped to notes and bonds. Little bit of lower price and higher yield. Checking out the yield, we're sitting right at 1.51% right now. You take a look at just going back a 10 day, 30 minute, you were down to 130,107, that's about a week ago. You made it a full point higher. You make it to a high Sunday night of 130,208. So more than a full point, you traded higher. And just like that, the trend is back to lower price and higher yield this morning, back above 1.5%. We jumped over to the VIX volatility index. Quite a spike yesterday. We got a new normal in the VIX for the last week with a range above 21, with a higher boundary of about 25. You take a look at the daily on the VIX, you see that area. We haven't had an area of five to six days of spikes. I mean, look at the last spikes we've had, whether you just go back to August, right? I mean, it was almost one day spikes and we gave it all back, right? You had a spike in July, pretty similar action. Only two days in July, it's spent above 20. We had a spike in June. What I'm pointing out is, this is a rally in the VIX that is persisting. When you look at, I mean, what day are we going back to? We're going back to September 20th, folks, that we really spiked above 20. You got below that level for three days. Just zooming in on this action though, we're talking about one, two, three, four, five, six, seven, eight, nine, nine out of the last 12 days, we've spent the better part of it above 20 on the VIX. We haven't seen a sustained rally in the VIX above 20 for nine out of 12 trading days, folks. That's pushing back almost three weeks. You got 10 trading days in a week, 12 trading days. We're going back two and a half weeks for the better part. We've been above 20 in that volatility index with a lot of volatility in this market and the indices are showing it. All right, let's jump right into things. Where are we going to start off? Why don't we start off with Facebook? Quite a day for Facebook yesterday. You got a little bit of a pop. Facebook goes down, Instagram goes down, WhatsApp goes down, their messaging service as well. All their servers going down. You got Facebook, really amazing that that is on the heels of, I was talking about yesterday, early on this program, 24 hours ago, the 60 minute story with the whistleblower out there talking about Facebook, the harm they're doing, the internal documents, encouraging people, if you haven't seen it, folks, check it out, 60 minutes, it was Sunday night, the Facebook whistleblower, it's worth watching. That happened Sunday night, probably one of the less fortunate times that you could have a pile on, as in then the company's whole website goes down the next day. They were gonna pay a price probably yesterday anyway, because once it becomes real, folks, more so, right? You have a face, you have a person, they're talking to you, they're telling you about what they saw in this interview internally, they're telling about what you saw even versus other social media companies compared to what Facebook is doing and how bad they're acting compared to other social media companies was the point they were making. When you see that in the flesh, it's a different story than just reading a journal article about how bad it is. It shouldn't be the case that it takes a person's face and that raw emotion to make it count. Facebook would have been down lower yesterday anyway, is my opinion, and they really piled on when you think about it though. Now, jumping around, so we're up about two bucks, we're back to 328, Facebook was already pulling back from the tie of 384. You jump to some of the discussion, so it seems to be a router issue that they were doing some type of an upgrade, disruption to network traffic, had a cascading effect on the way our data centers communicate, bringing our services to a halt I would say. So network configuration, no evidence that user data was compromised. The technical issue took Facebook's core network, it's photo app, Instagram, WhatsApp, all offline. I mean, they couldn't even get into the Facebook building, folks, which was pretty remarkable. Now, what's crazy is that you think about it, if you've ever seen the Facebook movie that they go into, and I'm gonna pull up, what is the name of that movie? The social network, right? There's a time very early on in Facebook's development, at least portrayed in the movie, and I know they took some liberties, where they don't pay a bill, Facebook's Zuckerberg's partner doesn't pay a bill, and Zuckerberg flips out and he says, do you understand that you've pushed this site down one day and we could lose everything we've built? And already some of the numbers in terms of people, in terms of downloading, I'm gonna pull the article up later this week, I got, is this the one? Yes it is, okay. So millions flock to signal and telegram after Facebook outage, and you can see how fragile a company like this is. I mean, if you ever had something, the fact that a company like that could go down for five or six hours, they're having some meetings this morning saying, how do we prevent this in the future? Because if you can go down for five or six hours, what's preventing it from going down for a day or two? And if you go down for a day or two, what if somebody's habit of checking Facebook, what if they're addiction to being on Facebook? Instagram, right? What if that addiction gives a little bit of a glimpse of what else is out there on the internet? Like signal, like telegram, you're talking about millions of people downloading signal, Twitter was still out there, people were talking about it, of course. You have telegram, whose functionality closely mirrors WhatsApp. How about surging 55 places to the top of the US iPhone download chart? That's an opportunity, they just let their competitors get not a big deal in the grand scheme, but you can see how delicate that relationship is. Stay tuned folks, we'll come back with our man, Kevin Hanks, we'll be right back. Golden ratios to shape to everything in our world, represented in the Fibonacci sequence. These special numbers define the patterns that make up our universe. Not even markets can escape the omnipotence of these ratios. 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Fast Market with Kevin Hinks and Tom White, a new outstanding program kicked off in a new time on Monday, 12 o'clock. Larry in the 11 o'clock slot right now. Kevin Hinks, good morning. Good morning, Tommy. Yeah, first day, new time slot. New show, new people on. So a lot of the same ideas though, we're still trading and reacting to what the market's doing and showing people our checklist basically for how we choose a trade. And like I said, yesterday we traded PepsiCo ahead of their earnings. Historically, a name that doesn't move a lot after earnings. We put on a range bound trade. And so far, Tommy, it's sitting right in the middle of our range. So, so far, so good at PepsiCo. And pretty cool, Kevin. And listen, anytime I think about PepsiMan, I think about you and I think about you saying, hey, historically, we never know what's gonna happen any given quarter, Kevin, but historically, very low volatile stock when they come out with their earnings. Now, were you a market maker in Pepsi? Is that what it was? I refreshed my memory. It was in the CDPIT at the CBOE, so I traded and I was the specialist in PepsiCo for 20 years. Cool. And I had their numbers up. I was checking them out just even before I was gonna chat with you, figuring. I was listening to the program yesterday with range bound trade, as you were talking about some strong numbers here from PepsiMan. They beat on earnings, they beat on revenue, net sales, 11.6% rising. I mean, just staggering numbers in a big way. What they also came out with, Kevin, which I thought was interesting, is that more price hikes could be on the way since the CFO, I'm reading the headline out there as well. Of course, that transitory inflation debate persists. Pepsi, you're seeing it, but higher this morning, up to about 151. So we got Pepsi out yesterday. I know we have some companies trickling out to start this week, Kevin. Of course, we got a lot going on. We get non-farm payrolls coming up on Friday. As a trader approaching a pretty volatile market, I was talking about in the first segment of the show, we got a VIX, Kevin, that's been above 20 for nine out of the last 12 days. You're talking about two and a half weeks now that we've had a pretty sustained volatility trend right now in this market as we come into a pretty important non-farm payrolls number. What do you look for in that VIX as we come into maybe Friday's non-farm payroll number with the VIX sitting right now at 22 and change? Yeah, I think there's some volatility because of, remember last September 3rd, there was a pretty big miss on the non-farm payrolls number. And I think you can connect the dots to where this market got copied. Now, I'm sure there was other reasons, but it certainly started on that day that we had a pretty substantial miss in non-farm payrolls. So hopefully with the benefits expiring on September 6th, the people are starting to move off the sidelines and into some of these jobs. So the expectations are now for about 475,000 jobs. Frankly, Tommy, between you and I, that seems a little low based on that was the extent of the miss from last month. And that's all they're expecting for this job. So this could be an interesting one to set up if those people are starting to come off the sidelines here, we'll see. The numbers from COVID are starting to turn positive here in terms of lower net cases and lower hospitalization. So we'll see if this market is starting to open up with more people coming off the sidelines and entering the labor force, Tommy. It is pretty cool, all the variables in Playman and it is great just from humanity. Cases look like they're going down. Florida had a big spike, I'm sure most are aware, very much going down, which is great to hear, especially being in Florida. And yeah, I got the S&P Futures up on the Thinkorswim platform. September 3rd, you got an all-time high, which is ironic, you hit the actual all-time high, 45-49, we're down almost 250 points from that price level. And I agree, Kevin, on the jobs number expectation, what happened in the summer months to the million jobs number, right? Remember there's a lot of talk, a million maybe was the number, we had some misses, everything was a little delayed, Delta variant kicked up, so it was a little pushback. It seems like expectations have been paired a bit and the market not really reacting too much when you think we're still sitting at a pretty decent, to say the least, 43.06 in the S&Ps as we've pushed back this recovery. Expectations looming though for Friday and rightfully so with the VIX sitting at 22. With a few equities in play, Kevin, do you guys have any idea? I know you had a great program yesterday, you were talking about hypotheticals, you were setting up trades. Do you guys have any idea what you're gonna be talking about today, coming up at noon Eastern time? Absolutely, like bullio's can do presentation on constellation brands, so we're gonna trade the liquor business, they have earnings coming out tomorrow morning before the open, and then we're gonna start getting our shopping list out, Tommy, and look at names that have been beat up, Amazon and Microsoft, two names that were down hard yesterday and frankly, Amazon is down about 15% off its highs, so we're gonna start looking at these names, putting out positions, setting you up for the future ahead of third quarter earnings, Tommy. That's awesome, constellation, I love that company, I have some of that company in my retirement, they have some exposure to cannabis in there, but talking about strong, strong brands, wine, beer, right, Medello, Corona, Kim Crawford, pumping a little bit, I'm a little biased folks, but I'll be watching that, and I'll really look forward to that conversation about these tech companies, Kevin, because it's really interesting, you start getting in a long-term basis, the type of pullbacks you have, right, for some investors, and I love the short-term trading you guys do with options, but looking at things a little bit longer, when you start getting these types of pullbacks in the market, you can't help but be a little attracted, I mean, look at it, Amazon, we're back to prices, Kevin, that we were trading at, geez, I gotta go back, you're talking about 15, 16 months ago, the same exact price on Amazon shares, I imagine that company's been doing pretty well over the last year, year and a quarter, they got some rising costs, of course, and it makes me think about what you guys talked about last week, I think it was, with FedEx, because that's one of the companies just same situation, if you're in, for the long haul, man, you're looking at a company in FedEx, I think we have a market cap, something like 50 or 60 billion dollars right now, you pull back from 319 to 217, pretty cool, how you get some pullbacks in some of these equities, and I'd say they're pretty strong equities in the long run, but man, you got some price pullbacks in a big way, Microsoft sitting at 283 from 305 so far. Well, Kevin, we look forward to the program at the new time of noon Eastern time with you and Tom White, man, we'll be watching today, we look forward to it, and we appreciate the conversation as always. Have a great day, Tommy, thanks. You too, Kevin, take care, folks tune in, they got a new program, it's Kevin, it's Tom White, they're walking you through those trade setups, a new time, 12 noon Eastern time, every trading day, I encourage you to check it out, Fast Market on the TD Ameritrade Network, and you see, as he's talking about now, Constellation, as I said, I do have some Constellation, I talked about a little bit yesterday, actually, we're right at the 382, 382 for Constellation, you back it up to the run this had, going back about a year ago, right, when things really took off, when we started to get the COVID vaccine efficacy, we get over the election volatility, we spike from about 160 to 244, Constellation, you've been skipping around this 212 area for the better part of almost three months, this is a weekly we're talking about here, you're coming into their earnings, you pull up the analyze tab, we're talking about a $7.63 move expected, not that big of a move expected for their earnings, you want weekly action all the way through Friday, you're talking about $9.43, we'll call it almost $10, you're talking about a four to 5% move priced into their options for their earnings coming out tomorrow. All right, folks, stay tuned, we got the S&Ps up by 15, as I said, right? We got non-farm payrolls, and for all intents and purposes, we're almost sitting at all time highs, little bit of a pullback over the last four weeks, since that September 3rd number, but we got a new number on Friday. Stay tuned, folks, we'll be right back for the open. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex Predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. 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And make sure you check out Tiger TV for free on tfnn.com or TFNN's YouTube channel for live financial content from 8.30 a.m. to 4.00 p.m. Eastern on market days. Stop watching on the sidelines while other people get rich and become the investor you were born to be. TFNN, educating investors. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including Gartleys, ABCs, Butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. 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. All right, folks, welcome back. We got markets open. We got the S&Ps up by 18 points right now. That's a weekly. Let's put it back on a daily for the full run that we've had. Quite the acceleration up to highs of 45, 49, keeping in mind that was the Friday for September when we got the numbers for August non-farm payrolls. We come into that Friday's number this Friday for the month of September non-farm payrolls. All things considered, chopping around it, relatively near highs. But man, you say relatively near highs, but just like that, we give up three months of gains in a pretty quick instant. In one month, we're back to 43.08 in the S&P. You take a look at the NASDAQ 100. You look at the run that we've had since May. You were under 13,000. You make it to 15,708. We've given back almost half of those gains from May, just like that. We'll see when we're a minute into the opening, we got markets in positive territory. Russell, giving it back though, pretty quickly. You put a 15 minute on that chart. There's your drop-off right on the opening bell. We're down about giving back most of the gains. You have the S&P up 17 tech stocks in the positive as well. Let's jump around to some of the fang stocks. They were the first stocks to accelerate lower yesterday. We're catching a little bit of a bid today. You have Amazon up by half a percent. You got Microsoft shares up eight tenths percent. Google shares up by six tenths. Let's check out Facebook up a percent right now to 329.54. Pepsi out with their numbers yesterday up about eight tenths percent up a dollar and change to 151.38. Now getting into Pepsi's numbers, because it's interesting when you talk about, strong numbers in a big way. Organic growth, a little bit suspect in these numbers here. Pepsi's North America organic growth revenue, seven percent for the quarter. Their organic sales have risen 10% on a two year basis. So a little bit of a slowdown there of organic growth. Growth has moderated since bouncing back 21% in the prior quarter. You got a lot of variants here with COVID. Company said it's a double digit net revenue growth for its food services business which includes sales to restaurants, stadiums and college campuses. That would make sense as the economy opens back up. Frito Lay saw its organic revenue increase by 5%. It's amazing the organic revenue growth these big companies get over and over. As consumers maintain many of their pandemic snacking habits, Quaker Food North America, that's been the most challenge of Pepsi's business units. Organic revenue increased by 1%, all right. Now I'm gonna jump to what they were talking about in terms of higher prices. You have the CFO, Hugh Johnston, expecting another round of price hikes in the company snacks and beverages early next year. Now when they're buying supplies to make their products, they have about a six to nine month lead time in here. The forward buying can only do so much for us. What it does is buy us about six to nine months of room. They buy commodities and materials that needs to months in advance, but those contracts don't help the company escape inflation. Of course they don't, eventually it's gonna catch up to everybody, folks. The wiggle room allows the company retails to ease consumers into the higher prices, saving them from the sticker shock. The thing to take from this folks is those prices are never going back down. You start hiking a bag of Frito-Lay potato chips, those prices are not going back down a year. They are going up, period. End of sentence, hard stop. And those costs are gonna matter to consumers and to businesses. During the third quarter Pepsi saw higher costs tied to inflation for labor, commodities and transportation, particularly for the Quaker Food North America Business Unit. The net income fell 3%, but revenue grew 11.6%. I mean, folks, that would be like if you were taking in a million dollars for a business, okay? And let's just say you were making 100 grand, okay? Well, next year you take in 101.11 million of revenue and you make less money, you make 97 grand, right? You increase revenue by 10 plus percent, 11.6 to be exact, and you can't even keep up the same net income that you were making on that revenue number. Pay attention to that because I think it's gonna be a persisting theme as we march on. We'll keep on that theme and we'll jump to Target. Target, now Target already has a $15 minimum wage and they are adding to that $2 an hour extra for peak days of holiday season. So they're talking about whether it's Saturdays and Sundays and the final weeks before Christmas, whether they're talking about the days right around the holiday season, peak days during the holiday season, such as those Saturdays and Sundays around it. Extra pay will go to store employees and service center employees who work on Saturdays and Sundays from November 20th to December 19th or Christmas Eve or the day after Christmas. Select headquartered employees, also qualify, send their announcement. They already have a minimum wage of $15. I mean, think about it, right? So you got a minimum wage of 15. Now you're pushing 15 to 17 as the bottom number for Target employees. It's a big number that they're gonna have to be paying. Target, you're talking about a fantastic company. They have outstanding social sentiment in terms of people and their affinity for Target. Not quite sure that trend line makes sense anymore as we're deviating above and below. Nonetheless though, you traded from a year ago, you're talking about 120 up to 267, we're back to 227. From the run we've had since March, let's just see what kind of Fibonacci retracement we're dealing with here. Because these costs are gonna matter, folks. So 50% of that run from March will be 216, a 618, we'll bring it back to 204. Right now Target is a, I wanna see what kind of company we're talking about, market-wise, you pull up the fundamentals for market capitalization, $111 billion market capitalization. You take a look at Walmart, for instance. Walmart, you're talking about more than double that, more than triple that, $381 billion the market cap for Walmart. You look at Amazon, yeah, what are we pushing? 1.6, 1.7 trillion, $1.6 trillion for Amazon. All right, what else we got going on? Jumping down the line of some of the equities that are moving today. Lordstown Motors, electrics, keeping with electric, downgraded to underweight from Equal Weight and Morgan Stanley, recent announcement sale of Lordstown's Ohio plant to Foxconn, values the planet less than a fifth of prior estimates. Did you hear that one, folks? A fifth, that's 20% of prior estimates when they unload that thing. You're down 10% on this equity. Be careful with all these equities, folks. Look at this chart, right? Very unfortunate that a lot of people got caught at these size. I mean, look at some of the volume. Now, that's a weekly. Let's put it on a full daily, but go back into the run we had. You're talking about at these levels. I mean, some days you were doing 41 million shares back in January. At the highs, you're pushing 10 million, 15 million shares, et cetera. Even when you had the recent run up in June, you're talking about 40 million shares done on June 8th when they were dealing with some harsh news. But geez, that's more than double the price you were trading at right now, folks. Even if you bought in at the low of that day of 1026 and you've lost half your investment, if you had any type of margin, you've lost it all. The last few days, it's really sold off. Some of these companies selling the story in the long run, there's always gonna be the Teslas that make up bandits and really are the success story they tell them to be. But even Tesla came really close to failing and was on the verge many times. Pepsi's out with their numbers as they talk about. Facebook is out with their numbers, excuse me, not out with their numbers, but back online, now Facebook, they got a hearing starting at 10 o'clock today. So you'll get a flow of information on Facebook. Jumping back to what I was talking about real quickly in terms of how delicate the relationship they have with consumers is. I encourage everybody to give a little break to Facebook at times, folks. But even you had Jack Dorsey in front of Twitter, Twitter CEO, of course, now he's got a self-interest in there. But you can see how Signal is what's up. He puts the link up there. You have Edward Snowden, he's about Signal, saying that it's just, maybe this is a reminder that you and your friends should probably be using a more private and non-profit alternative like Signal app anyway, besides WhatsApp, it's free. It takes 30 seconds to download, to switch. Facebook's down. I mean, Facebook's got what, 2.6 billion people. So if you lose a few million, not the end of the world, but they could lose a few million just because of yesterday, which is interesting. Not many companies are so delicate with their consumers. We'll talk a little bit more when we get back. Stay tuned, folks, be right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels. 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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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com, then hit watch Tiger TV. That's TFNN.com, then hit watch Tiger TV. Welcome back right now, folks. We got the S&Ps holding on to the gains. We're up 13 points. We've given it up a little bit, though. We got some volatility on the open right now. These are five minute bars. Let's put it on a minute so you can see the flow of action since we opened. We opened at about 43.06. We're above 43.14. We're down to below 43.00 briefly. Market, a little bit volatile to kick things off. We get the Russell in the negative right now. You got Bitcoin above 50,000. Gold at 17.55. Crude, holding strong at 78.70 right now. Remarkable, crude. Put that on a minute. All upward action so far this morning on that crude contract. There's your 15 minute to see the action for the last five days. Okay, jumping around to other stories out there. So the Fed's internal watchdog, they're gonna open a review into trading activity. The move follows revelations about unusual transactions is how Bloomberg puts it in 2020. Now, hopefully they do put something in place where this at least does not happen again at a minimum because you need confidence in the Federal Reserve folks that they are acting in the best interest of our country and our economy and not in the best interest in the pocketbooks of the governors themselves. The one I wanna highlight here is that they talk about Clarida. Now, this is the article that came out, I believe it was last Friday, that Clarida traded into stocks on the eve of Powell pandemic statement. That was February 27th. Okay, Clarida's forums, he traded between 1 million and 5 million. Now, this is known last week, all right? I'm jumping back between two different articles here in terms of what they're dealing with. Clarida's 2020 financial disclosure show he traded between 1 million and 5 million out of a bond fund and into stock funds one day before Powell issued a statement flagging possible policy action as the pandemic worsened. So this report here is the article I'm referencing here. Okay, he shifted the funds out of a PIMCO bond fund on February 27th, and on the same day, buying the PIMCO stocks plus fund and the iShares MCSIUSA Minvol Factor Exchange Trader Fund, lots of words there, and a similar dollar ranges. So he traded up bonds or stocks on the 27th, okay? Now, the market still had a long way to go in terms of where they were going, but you wouldn't have known that at the time. We really gotta back things up to go all the way back to the beginning. February 27th is the first sell-off. Things look really bad when the S&P's sold off from, I have to chuckle, right? From 3,400 to about 3,000. Now, I'm just gonna zoom in on these few months around the pandemic to give you a quick representation. So there is the 27th, here is the 28th when Powell has a statement, okay? The second or the third is when they come in and cut rates by half a point. The Fed announced a half percentage point rate cut on March 3rd, following an emergency meeting of the Federal Open Market Committee. So imagine, you know that the next day, and I'm saying, you know that the governor probably has an indication that the Fed's gonna release a statement, talk about evolving risks to the economic activity, closely monitoring developments and their implications. I mean, that was the first time. You see that little reprieve there? That little reprieve in the market was exactly what this article's talking about, okay? The Fed was gonna come in, the market said, maybe this will be enough, okay? Well, the market decided pretty quickly that the Fed was not gonna be able to hold up a market during a pandemic and you then proceeded to trade from 3,000 down to almost 2174, not almost 2174. Now, there's a lot of debate and spinning in here, right? You have the Fed, this is a spokesman from the Fed who's speaking on behalf of the Clareda, okay? They're speaking on behalf of Clareda. It's important to know who they're speaking on whose behalf, saying their transactions represent a pre-planned balancing to his accounts. I mean, to have a pre-planned balancing of millions of dollars the day before. And there was a quote in here I wanna finish this up with, okay, and this is from not familiar, Andrew Levin, Dartmouth College professor, former special advisor to the Fed's board, okay? The pandemic was spreading quickly and the economic outlook was evolving rapidly. This was not the appropriate time for top Fed officials to be making multi-million dollar changes to their portfolios. The Fed should welcome an external review. I mean, that's the basic of it folks. This is a once in a lifetime instance in terms of a rapidly folding pandemic. Unfortunately, it looks like it could kill up with a one million Americans alone. And you have a Fed governor the day before, they come out with statements only a few days within a week that they come out with a surprise half point cut loading from bonds into stocks. Just not what you wanna see, even if there was nothing nefarious done, that's not what you would have done. If you're really conducting yourself in the best interest of the reliability and confidence that the Fed should have, you would never be making those types of trades. And I'm putting the best spin possible on things folks. I'm saying even if they were made as part in good faith, which I don't believe they were, even if they were made in good faith, you can't make them because they erode confidence in the Fed even by appearances. Sometimes you can't do things even because the appearance would be in propriety, okay? Which is at a minimum what is going on here. I mean, on the eve of that statement folks, okay? The week before February 27th, you load from bonds into stocks. He was probably looking for a bigger bounce than we got. Nonetheless, I mean, you back things up to notes in the same way. And we had quite the run when things really fall apart. I'm trying to find the 27th. Yeah, there was no real pause in the tenure there at all as things just fell apart. But nobody envisioned at that time folks that the S&Ps were gonna trade down to 2174, okay? I remember even myself thinking, man, we just got a 10, 15% haircut in no time right now on the S&Ps. And yeah, we all got it back by about May. So it was a short-lived spike. But now we wanna see hopefully something comes about of that investigation. All right, what else we got going on? Let's jump down the line for stocks making moves. Albertsons, operator shares fell 4% BM Capital downgraded the stock to underperform a market firm. How about increasing wage costs and more price sensitive consumer environment? It's gonna be a common theme folks, especially for a company like that where you're talking about being in consumer facing goods, where you're dealing with rising costs, rising inflations, there's Albertsons. You're down 2.8% today but you're actually catching a little bit of a pop off the lows we had of that company. Sonic Curiosity, a company like Procter and Gamble up half a percent today. They may deal with some woes as well. Now this is a five-year daily just taking a look at this year where we've been. You're up to 147, you're at 139 right now. Let's take a look at Nike. Nike catching a little bit of a pop after pulling back pretty harsh from 174 down to 145 recently. Take a look at Constellation with their numbers coming up down about seven tenths percent, leading it to that numbers. Let's take a look at some of the cannabis stocks. Yeah, they're catching a bounce Man, these things have been dead in a big way. Let's put it just back to the last year. I mean, geez, we're right back to these lows. Maybe that's the area, but we're actually below these lows. The low when you look where we were in September of last year, maybe hide 13s to low 14s we're sitting yesterday as low as 1286 on Canopy. All of them live in all Tilray. Come on, 1095, but look where we are. Same thing. This thing, the chart's just taken forever. I find it no bid. Eventually they may take off, but man, this market, the cannabis sector not paying attention just yet. Let's jump to airlines. See how they're trading after having quite a nice pop in the last two, three weeks or so. You got American up a bit. Delta shares up a bit with the market. Boeing shares, let's check it out basically at about 10%, excuse me, 10th of a percent. Boeing, interesting. Skipping along that bottom line of that trend line coming off the lows of $89 back in last March. And we get all the markets in the green right now, folks. S&Ps positive by 21, tech stocks positive by more than 100, the dial positive by 141, Russell positive by eight. Stay tuned, folks. We'll be right back to finish up the show. I'll be back in three minutes. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and 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. 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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&Ps catching a bid. We're at basically session highs right now. 26 points, NASDAQ 100 up 120 points, Dow up 173. I'm going to jump to an article up here. They got on Bloomberg, Mr. Ken Griffin of Citadel. He says, young people are making a grave mistake, stake working from home. I disagree to a certain degree. There's nothing like human interaction, folks. But you're going to see a lot of this with the S&Ps. But you're going to see a lot of this with certain owners of businesses wanting all their workers to just be in their company's headquarters, even if it doesn't make sense. Now, his argument here is if you're early in your career, you're making a grave mistake not being at work, it's incredibly difficult to have the managerial experiences and interpersonal experiences that you need to have to take your career forward in a work remotely environment. Of course, there's some validity to that, okay? I'm going to push back on it though and say that in the future, folks, managing people, managing human capital, managing businesses in all capacities is going to require a new skill set that is working remotely, okay? It's a different kind of managerial when you think about it, okay? You're going to have people who have a lot more autonomy to run their own day. And managers are going to have to figure out the best way to get the most productivity from people who aren't at a hand's reach from them. Now, there's nothing like a face-to-face conversation, folks, all right? I get that, I get it all. But I imagine that that's a little bit of old school rhetoric saying get everybody back to work. Citadel was one of the earliest that got him back there. For the youngest members, he's gravely concerned that the loss of early career development opportunities is going to cost Dealey for the decades to come. Folks, that's just not the case of what's going on. If you talk to other CEOs, they live in fear of how we'll be publicly persecuted from delivering the straightforward message, it's time to go back to work, not what I would agree with as well. Don't be afraid to push back on that type of rhetoric, folks. The world has changed. People have figured out that you can do your work from home and you're going to start to see a little bit of a pushback as companies just want those employees back regardless. All right, folks, thanks so much for tuning in. Stay tuned. We got Basil coming up at 10 o'clock. Remember, we got Larry at 11 o'clock Eastern time. Kevin Hicks, Fast Market, coming up at noon. They're going to be talking a little bit of constellation. They'll be talking some Microsoft, some of the other companies who've pulled back as well. Steve Rhodes at one, Dave White at two o'clock at the power trading hour. Tom O'Brien, my dad wraps it up live from three till four. Thanks for starting your day with me, folks. Stay tuned for Basil. He's up right now.