 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. At 1-877-927-6648. Or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, Tigers. This is Jacob, filling in for Stevie Perseverance Rhodes. He could not be with us today, but that's all right. Let's hop into it. It's Friday. The market is rallying. Lulu Lemon is up 12%. Insane. Insane moves. We're looking at them last time I was on. We have the SPX up 1% pretty solid. Dow up about 1.6%. NQ up 0.84. And then we got the Russell cooking at 2.3. Also, I think it's important to always look at the dollar as well. We got it up 0.3. It's cooking at that 103, kind of 104 level. And then the GDX is down 1.13%. I think it had a nice bump up yesterday. Yes, it did. So, on some decent volume too. We'll see what happens. Take a look at the 20-year-old quick. Got a little bit of down pressure, but that's been cooking up for the past few days as well. Very neat. Very neat. I want to start looking at Amazon. They have some interesting news coming out today. So, I kind of talk about some IT stuff every time I'm on. One of the things that they speak about in security in the IT field is multi-factor authentication. And the top three you use for authentication, it's what you have. It is what you know and what you are. So, what you have is going to be stuff like a key code to get in somewhere. What you know is going to be your traditional passwords and what you are, things like biometrics. Am I kind of like analysis of this? What you are, at least security-wise, is the most safe, I would say. It's pretty hard to mimic biometrics. So, what Amazon is doing, and this is super interesting, is they are starting something called Amazon One. And what this does, we'll break into this a little bit, but essentially we all have unique kind of patterns on our hands, our fingerprints are unique, and these are not visible to the normal eye or normal cameras at all. And the way that this is being rolled out is in Coors Field in Colorado. Shout out to all of our Tigers out there. And so essentially they are going to allow you to verify your age to buy beers using this device. Now of course you have to set up your identity prior, but it's pretty cool, let's crack into this a little bit. Amazon is new somewhat unsurprising application for the Polymer scanning technology. The company announced that its Amazon One scanner can now verify your age when used in places like bars, making it much more than just an alternate way to make payments. Amazon currently uses the Palm scanner at its go stores in some whole food locations, allowing customers to pay for their groceries by hovering their palms over the scanner and lieu of pulling out credit cards or cash. So that is making obsolete what you have part of authentication. Amazon One with age verification is rolling out to Coors Field expanding to additional establishments in the coming months. It's neat, I really do think, you know we even have, there are some companies that are rolling out how do you call it, like a program called FIDO2 and this completely gets away from needing anything like a key code, needing anything like a password. It's just, it's safer, right? You could go different ways with it, like having robots know who you are and everything for the purposes of security in commerce and enterprise. This is pretty revolutionary. I do think that we'll probably see more of this as time goes on. So I don't know, I think that's interesting and I'm curious to see kind of how widespread this will become. I do see something like this really making an impact and we could see some positive growth with Amazon. Obviously Amazon's already like in the quote unquote magnificent seven, these companies that are just driving. Everything's rallying today, but you know, you're big like Tesla, NVIDIA obviously, Amazon, Microsoft, Meta. These guys are just driving the market super high. So that's pretty interesting I would say. So not so great news for Amazon. It turns out that someone working in their ring department was using the ring cameras to spy on customers and this is from the FTC. This is the privacy settlement. A former employee of Amazon.com's ring doorbell camera. Units spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms and this is from the Federal Trade Commission. It announced a $5.8 million settlement with the company over privacy violations. Pretty nuts. I think last time, I don't know, I actually might not have been saying all that. I was talking with some friends though. I was looking online because the place I'm moving to, I'd like to have a camera. But again, we were speaking about all of your data being sent out to some other device, right? Like the cloud is just someone else's server. And so where is that going? I think we were speaking about it with the Internet of Things. But so I was looking into it. You can set up all these kind of home labs at your house and for marginally cheap, you need to have storage and everything to save all the footage and whatnot. But you know, this is a perfect example. And I'm not saying this happens on a widespread. I'm not trying to spread any kind of like fear if you have a ring camera. It seems like it was a pretty concentrated event here. But Amazon also agreed to pay 25 million to settle allegations that it violated children's privacy rights when it failed to delete Alexa recordings at the request of parents and kept them longer than necessary according to a court filing in federal court in Seattle. FDC is also probing amazon.com's 1.7 billion deal to buy iRobot, which was announced in August 2022 in Amazon's latest push into smart home devices. So, you know, here's the real thing. There is definitely a subset of people who are super concerned regarding their privacy. And I think all of us on, you know, a superficial level are these kind of smart home devices, I think are going to start being built into homes in the future. I think more and more people are just going to opt for it. It's far easier to kind of delegate these kind of processes to larger companies. You'll see stuff like this continue to go on. Is it going to really impact Amazon in a major way? Is it going to really impact companies that are kind of in this IoT or smart home industry? Probably not, right? Until there's like a larger shift in the public perception of security and privacy like that. We're not going to see any large change. I think Amazon, the main drive away here is that Amazon's products for the smart homes are going to continue to increase. Amazon's in a pretty stellar thing. When we get back to it, I'll talk a little bit more about Amazon potentially offering a very cheap nationwide cell phone service, right? You get these massive top guys, top companies just consolidating everything under them and they're providing so many different services, right? We even spoke about that with Apple doing their Apple card. And again, I'll speak about that as well because I had to deal with Bank of America the other day. And I'm sitting there thinking, why would I do this? Bank of America savings 0.4% and Apple's giving me 4.15? Well, there's a little bit of caveat to that. So we'll definitely get a little bit more into that when we get back. Folks, stay tuned. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, Forex strategies, and fundamentals, what is behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? 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. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. Sometimes 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. TFNN.com Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. Free at 1-877-927-6648 internationally at 727-873-7618. All right, so before we went on the break, let's talk about some more things that Amazon is breaking into. They are in talks with Verizon, T-Mobile, and Dish to provide services via their networks, so Amazon is reportedly considering offering mobile connectivity to its customers alongside U.S. Prime subscription. It's said to have held negotiations with existing U.S. carriers, including Verizon, T-Mobile, Dish, and occasionally AT&T, about using their networks to offer mobile connectivity, which would be available to Prime subscribers, either as part of their existing subscription to $10 a month fee. That's pretty groundbreaking. You know, I think they have Mint Mobile, it's Ryan Reynolds' company, and that's pretty cheap as well, but really the name of the game is when you're going to have the service, you need this, like, vast connectivity, and I'm not sure Mint's is the best, but being able to essentially sit on... excuse me... sit on these massive companies, you know, essentially their net is massive, and as we keep seeing these larger big companies, like I was just speaking about, that have all this money, they're definitely going to be able to compete with some of these more traditional service companies, right, and we're going to get cheaper or at least better services. So yeah, I think that's pretty interesting, and kind of more into that... excuse me... kind of more into that note of better services in these larger companies that have a bunch of, you know, cash and trying to figure out where to put it. You know, we were speaking about Apple last time, and so the other day, I had to get a different credit card, and it was, you know, a fine process. The savings, you know, I'm through Bank of America. The savings through Bank of America, I think on average nationally are about 0.4%, okay, and last time we were speaking about Apple giving 4.15% on their savings if you popped your money into their wallet. That was backed by Goldman Sachs, pretty neat. I also was speaking with one of my buddies, and Robinhood is doing the same thing. Now, Robinhood, that's a little bit shakier. I mean, you want to keep all your money parked, you know, like in a trading platform like that, probably not, but Apple's definitely has an appeal to young folks, right? Even looking at Apple's ad for the... Oh, that's cool. What just happened? Here, we'll just pop this over here instead. Even looking at Apple's ad for their service, I mean, it is clearly geared towards young people. So the big issue, and then you can kind of foresee this, even though it's with Goldman Sachs, they're having some issues pulling out their money. Furthermore too, I was reading the kind of terms of service for Apple, and they can change that APY at any point, which, there we go, that's what I wanted. They can change their APY at any point, and this is kind of what you're going to have to deal with. Younger folks don't really fully understand that. But the big issue that they're running into is people aren't able to pull out their money. And we're behind, I'll get that up for you guys in a second. So, let's see here. Here we go, we'll go on this and I'll get that paywall out in a moment. As far as Apple's expanding more, we have big plans to expand into retail business in China, opening up 53 stores around the world in the next four years. And so Apple, Incorporated, is working on plans to expand and revitalize its retail chain, aiming to push deeper into China and other parts of Asia, while overhauling established locations in the US and Europe. And yeah, they're not opening more in US, and I think there were some closes in the West, but they're still focusing very heavily on this. And through 2027, the iPhone maker is discussing opening 15 new stores in the East, essentially. So, again, we're taking a look at these big, quote-unquote, magnificent seven. And they just, you know, when the economic, quote-unquote, winner comes, right? If you are storing enough of your acorns in the summer, which is during these really low interest rates, these companies are so large, they're able to just basically exist. They have all this cash. These smaller tech companies, you know, you model, you analyze tech companies based off of the discounted cash flow. This gets destroyed when your interest is so high, but when you're so large, like these companies are, and really, the American economy has gone so tech, these guys stay. And, you know, it seems like even at the beginning of the last century, right? You just had these singular people and they had their hands in absolutely everything. And I think we're seeing kind of a shift like that again. So, quite interesting to see what these guys are doing. I think, again, we're going to see more stuff coming out of Meta as well. We'll see if Apple continues with their streaming plans. I think that'd be pretty interesting. One of the things I like to talk about as well is the jobs, right? And so we, what the Fed has been trying to do, and we say this every time, in order to kind of get a hold on inflation, they're trying to shoot for lower employment, for wage decrease. And it seems like we have seen a wage decrease, but the labor market is still demanding more people. Even in St. Pete, you know, you walk down and I would say a good majority of the restaurants that we have are looking for every position to be filled, expediter, cook, server, all these kind of jobs. Even like your, you know, your finance jobs, there's a bunch of openings out there. And so it's interesting, and in May, the U.S. economy, this is from Financial Times, defies expectations of slowdown and adds 339,000 jobs in May. Unemployment rate does climb to 3.7%, and then while wage growth cools. And so we can take a look here. Even though we have gotten a general cooling, and this is from the Labor Department, going in here, we do see a small uptick. Now on the overall trend, we definitely are getting a decrease, right? But it seems like there's these battling kind of qualities within the market entirely. And this is, I think, going to give the Fed pause into thinking, you know, are we going to continue to raise rates with this kind of coming out? I mean, we are seeing wage depression, but we're also seeing more jobs getting added. Especially in, let me pull this up for you as well. In construction, and this was a little bit interesting to me. Give me one moment to pull this up. Construction itself added 25,000 jobs, and 11,000 of them were heavy in civil engineering. And these are, you know, buildings essentially, right? Even though mortgage rates are at 7%, and that's a little bit, I'm curious as to really, you know, why that's pushing out like that. You would think that everything kind of decreases like that, but it didn't. Health care providers themselves gained 75,000 jobs and professional and business services, a category that of course includes white collar jobs, such as accountants, engineers, and architects. They added 64,000 positions. It's pretty, it's voodoo almost, right? So the job gains were broad based, strong additions in professional sector, healthcare went over this. However, with the headline payroll data, which is based on responses from businesses, suggesting an extremely hot job market, the VIS's survey of households presented more signs of cooling. The household survey showed that 310,000, a 310,000 reduction in a number of people that are employed, which pushed the jobless rate to 3.7%. So we have a lot of, you know, it's important to really dig into this, right? These headlines seem conflicting. I'm sure the Fed really has a plan exactly of what they're going to do. Are they going to maintain interest rates? Are they going to lower them? Are they going to increase them? We're in a pre-defining moment right now in this market cycle. Folks, stay tuned. We'll be right back. Old report. As a precious metal, gold is still king. It continues to hold the most effective safe haven in hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. No catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigers as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. 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Educating investors. Alright folks, I have one last comment on the labor market but before we do that, I want to bring this to your attention. Tim Ord has a trading webinar series coming up. This is July, excuse me, June 8th and June 15th. On June 8th, Tim is going to be going through the S&P 500 and that's looking at sentiment indicators, identifying market bottoms and divergence, a ton more and then on June 15th, obviously he has gold coming in and if there is anything, I don't think there's anything more interesting right now, at least for me in the market, understanding what's going on with gold. He's going to be looking at cycle analysis, ratio studies, advanced decline indicators, all of that good stuff and trust me folks, we're on the back end setting this up, getting all the content developed, at least on the TFNN end and looking through what he's going to be talking about and his strategy for it. It is super interesting. Seriously folks, come over here and at least just check it out. I think personally it's going to be a huge hit. I think anytime he comes on with Tom, it's super interesting. That's on the front page of TFNN.com folks, come over and check it out. I don't think you will be disappointed one bit. All right, so yeah, we have the labor market unemployment increasing a little bit and wages down. One of the bizarre things that came out and history almost repeats itself in some ways is some lawmakers are actually proposing to loosen child labor laws to fill worker shortages. So this is lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol and bars and restaurants as young as 14. All right, let's do this real quick. I'll pull it over for you. It's like the service industry like the new coal mines or something. The efforts to significantly roll back labor rules are largely led by Republican lawmakers to address worker shortages and in some cases run afoul of federal regulations. This is from PBS. Child welfare advocates worry the measures represent a coordinated push to scale back hard-won protection for minors. Yeah, I mean, I don't know. The job market is one of the tightest since World War II with the unemployment rate at 3.4. Of course, now we know that's at 3.7, the lowest in 54 years. So that's super interesting. Of course, coming out of Ohio here, Wisconsin as well. You know, it's just something to keep like your tabs on. I'd not expect to read something like that today whatsoever. All right, one of the things I also enjoyed talking about is solar and kind of seeing what the renewable energy sector is like. Right? I think we're going to see a big bump. We're seeing this massive shift into the quote-unquote new age, right? So tech's huge. You got your chips, your GPUs, your CPUs blowing up. So the next way that this kind of like technologization is going to be in energy. So more money, and this is from oil price, more money will flow into solar than oil for the first time ever. And this is according to the executive director of the IEA. So solar investments are expected to attract over one billion a day in 2023. Since the energy crisis two years ago, many of the world's governments have doubled down on renewable energy since they view the sector as an ideal way to not only decarbonize, but also achieve energy security, and this is so big, especially with everything going on. We drill this point every time, but everything going on in the East, in Eurasia, right? For some reason, I guess this isn't extremely pertinent to America in some capacity, at least economics, but it is in a security sense. Your juggernaut of Europe, Germany, is consistently refusing to kind of do anything that will maintain or at least rather achieve some kind of energy independence. However, on the broader scale places like France and certainly America and even the OPEC countries are moving heavily into renewable energy, which is smart on their part. So, according to Faith Barol, the IA's Executive Director, Solar Investments are expected to attract over one billion a day in 2023, with over 1.7 trillion slated to flow clean energy technology, such as EVs, renewables, and storage. Overall, the global investment in energy is rejected to hit 2.8 trillion in the current year. Barol said that there is a growing gap between the investment in fossil fuel energy and investment in clean energy. Clean energy is moving faster, much faster, obviously. It's a nascent kind of sector, and a lot of people are in on it. This is clear in the investment trends where clean technologies are pulling away from fossil fuels. For every dollar invested in fossil fuels, about 1.7 are now going into clean energy. And seriously, folks, being in Florida, I have a buddy of mine, and I saw him and he was installing solar panels. This is Florida, but I know what happens in other states all across the U.S. And the way it's going is, he's installing solar panels, he's making pretty good income doing this, and the way it works is the homeowner fronts up some cash, and then at some certain point in the cycle, the government, and this is in Florida, will pay you back on it. That's schemes, but some programs like that running across the country. And really, for these smaller countries that being dependent on something as important as energy is a major issue. And again, we saw during COVID not having everything spread out on such a global scale can sometimes result in some pretty bad situations. For instance, coming out of America produced 98% of its pharmaceuticals offshore. So, you know, as this new world kind of situates itself, I think we're going to see more countries become independent on really key different goods essentially, right? And energy is certainly going to be one of them. Keep an eye out for it. With the AI run that we have, this new tech, it's hard to get it done right now because everything is so priced. But I still don't think fully that solar is priced in yet. Now, I don't think solar is as effective as other alternatives currently, so that's something to keep in mind. But as time goes on, I believe it will. And there's such a concerted push by the private and public as a whole. And so, you know, taking a look in some of these different stocks in the sector in general, I think, is going to be it could prove to be quite a good investment. Let's see here. Kind of on that same note, not solar, but this hyper-tech voltage, which they're lightning nodes, right? And these essentially sit on a network. It's faster to process Bitcoin payments, all these kind of things. Google Cloud is looking to expand the lightning network. Now, is it really just for getting Bitcoin not necessarily but this really helps with just communicating on the blockchain in the sense that it doesn't need lightning network itself, doesn't need to see the whole blockchain, right? And so, when you're doing this processing, it's more like, how can I do the most with the smallest amount of information I have? That's kind of what they're trying to achieve. This is pretty big for Google Cloud moving out. And this is lightning as a service, as partnered with Google Cloud to expand its hosting capabilities and locations. And it's enabling customers to create Bitcoin and lightning nodes globally, according to an announcement by Google Cloud. So, we're now even seeing larger, you know, companies. And at some point I would go into discussing what I think the blockchain is going to do for enterprise across the world, but we'll probably say that for another show. Folks, stay tuned. 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. The Chapman Wave up-down sequence gives you an edge in identifying price turns. Finding the peaks and valleys in stock prices. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor Four Side Fund Services, LLC This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. So yeah, we got the spy that's cracking 427 right now. We might see 430 today and it's looking at the chart at least for the SPX it's like, what I have up here is Dollar General. We'll get to that in a second but I'm just looking on the other screen here. I think the trend for the past few weeks has been like you get a sell-off in the daytime in the morning and then you get a nice pop-up at the later end of the day. We definitely got a reversal here at least today on the chart. So we might see 430 today in the spy. Yeah, interesting change here. Anyways, some of the some of the big names got pretty smoked today, Dollar General. So this was actually one of the fastest growing retailers by store count which I know in the general sense is moving away but the discount stores it's better for them to kind of be local and in-person. So that's a little bit of a difference within that sector. But yeah, with these rising interest rates usually people on the lower end of the economic ladder they kind of feel it the tightest. We did this little bump up here on nothing. This is massive volume down and according to Dollar General I can tell are really in spending. So dollar stores basically plan to cut back on planned store openings including pop-shell format which primarily sells discretionary merchandise. Seriously, you go anywhere I speak mainly for Florida but if you go anywhere outside of the coast I guess save for like Orlando but in some of the more rural areas there's Dollar Generals everywhere. You have major ones, you have Deer, you have Dollar General and some smaller grocery stores, something like that. These things are pretty placed in those areas and these are the areas that get hit the hardest in these kind of economic downturns. The Dollar General's core customers are raining in their spending and made it worse than expected macroeconomic backdrop leading the discounted to slash its full year outlook after dismal earnings report Thursday. It shares Dollar General plunged nearly 20% Thursday closing at 161.86 so we got a little bit of a bump right now but after the retailer missed estimates on the top and bottom lines. So EPS was 2.34 versus 2.38 and then revenue was 9.3 billion versus 9.4 billion that's a miss for sure. The company's reported net income at the end of May 5th was 514 million compared with 552 million a year earlier. Same store sales the key industry metric increased 1.6% but the growth was half of the 3.8% jump that analysts had expected. The growth was driven by strength and consumables but was offset by slowdowns in seasonal home and apparel categories which carry higher margins than food. In a new release the CEO said that macroeconomic environment has been more challenging than expected and we're indefinitely right like the food over there just food in general is expensive. When you're already operating on low disposable income you know what do you do? You don't have enough money to go buy other things. I have friends in this position as well and it's insane to see and it's also insane not going on like a soapbox thing here but it's not really clear that people in the lower economic rung are really driving this insane inflation and they're the ones who get hit the hardest they suffer a lot of the now of course you do see it in some of the higher tech jobs as well that had complete clearing of houses regarding some departments but it's the smaller guys who are not going to be able to spend as much on the things that are kind of necessary and I was just reading an article a few weeks ago to you all about how some of the wealthier people are starting a spend essentially a spending spree so as far as as long as this kind of market continues as long as wages continue to go down and prices stay sticky some of these big margin items as they're saying like apparel are not going to see a bounce back so we'll see what dollar general how they kind of cope this is obviously a huge volume drop of 20% so I mean it's up 1.63% today the whole market seems to be so some people are looking at this maybe as a buying opportunity but it's pretty minimal volume at least right now as we're saying this at 1147 Eastern so we'll see what happens with that the next company that suffered pretty deeply sentinel one again massive I mean this is insane right here let's take a look you know just to get a better look at this drop so sentinel one is a cyber security company they just basically missed revenue okay so we'll look at this this is down 36% right now and continue to kind of go down today I mean this is pretty huge the earnings per share were 15 versus 17 revenue was 133 versus 136 and that was for Q1 and then the Q2 was 141 versus 151 it's interesting right like among IT security people they love sentinel one this is used primarily by companies that are susceptible to ransomware attacks where you know threat actors will lock down your computer and people love it the professionals love it versus other commercial malware anti malware the total revenue was increasing overall from 133 to 78.3 million the total consumer count grew 43% to over 10,680 customers as of April 3rd and customers with ARR over 100,000 grew 61% dollar based net revenue retention rate that remained above 125% and customers with ARR over 100,000 and NIR reflect the adjustment to the ARR described above and the gap gross margin was 68% compared to 68% compared to 65 and the non-gap gross was 75 compared to 68 the operating margin was down 86 compared to 115% so you know they did miss revenue but they are adding more customers and again I've always I've been on this campaign to say that with the government having this massive push for enterprise level companies for private companies to actually take under their responsibility their kind of cyber protection in Sentinel-1 being so loved by the industry itself I'm not sure how long this will stay down but the problem is of course this is down almost 40% on pretty immense volume I mean even looking at the yearly we're not seeing volume like that I mean when are we ever seeing volume like that at all five years okay yeah during the COVID I mean come on this is a pretty intense volume so it'll be interesting to see how Sentinel can recover from this so yeah those two companies in particular were making headlines today for how much they were getting hit so furthermore regarding these kind of like retail investors Macy's is breaking into this kind of discount thing as well mainly because they spend so much money they spend so much money trying to give discounts essentially so Macy's on Thursday cut annual sales and profit forecasts blaming inflation and do slow down in demand for disrupting the department store chains plan to reign in margin crushing discounts it has been offering to lure in customers right so generally like in that place in like retail and just kind of like consumer goods anything that is appealing essentially to the lower 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that pans out a little bit as the day goes through for the science lesson today that I always like going through we're talking a lot about inflation however there are some folks who are a little bit more focused on inflammation haha low dose glyphosate which is used as an herbicide essentially in farming exposure this alters gut microbiota composition and modulates gut homeostasis so the widespread use of glyphosate a broad spectrum herbicide has resulted in significant human exposure and recent studies have challenged the notion that glyphosate is safe for humans there's this famous thing where the company who produces glyphosate one of the executives was asked to drink water that had it in it and he was dodging it although the link between disease states that glyphosate exposure is increasingly appreciated the mechanistic links between glyphosate and its toxic effect on human health are poorly understood recent studies have suggested that glyphosate may cause toxicity through modulation of the gut biome microbiome but evidence for glyphosate induced dysbiosis and its effects on host physiology at dose approximating the acceptable daily intake is limited essentially they run it under a new test and have determined that it does modulate the homeostasis and increased pro-inflammatory T cells and then also markers that show gut inflammation and folks you remember this old does idiomatic expression that you think with your gut and in a lot of ways this is actually pretty true right it really balances you out having a healthy gut that is again I know I run also moving into this my war on these marijuana stocks but in Nevada 75 million legal marijuana was sold and 635 million during the current fiscal year this is huge and it turns out too and this is one of the things that was going to bring up for the science but I didn't but smoking actually decreases rates of fatty liver disease and maybe that's because people are smoking instead of drinking but regardless there's some positive to that folks thank you so much for joining me Stevie Wool will be back Monday it was a pleasure being with you all have a great rest of your day