 Welcome, folks. This is Tom O'Brien of TFNN. We have five days a week. We have seven hours a day. We go 24 hours a day on the Internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows. Hope everyone's having a great day, safe day. It's making a great week, folks. Be impeccable with your word. Manifest your true intentions. Regardless of what language you speak, your intent will be manifested through the word. What you dream, what you feel, and what you really are will be manifested through what you say, each and every day. Mugged-wise, let's take a look at it out here. We have the Dow Industries up $1.50. Now it's like up $1.49. S&P is up $23. Gold. Gold contract up $48, trading at the price point of $19.15 an ounce. We have Silver up $1.34. $21.85 an ounce. Light Sweet Crew down $2.00. Trading $74.67. A barrel, notes and bonds. A 10-year note, up a full point, plus 8 ticks at $1.1413. A 30-year up, a full point, plus $21.6 at $131.00 flat and $king dollar. $king dollar down $921.00 ticks. Trading at $103.00, $6.56. The Euros at $107.00. The Yens at $133.00 and the British Pound is at $1.21 to $1.00 U.S. dollar. iPhone number is 877-927-6648. Give us a call folks. Want to know what's going on in your world and the world of the S&Ps. Let's take a look at them. What do you have? Well, we have had quite a market out here, folks. We take a look at the, from highs to lows, what we've done out here today. Bottom line, market, pre-market started out. You were up big. You were up at a price point of $39.38. You went down to $38.08. And the bottom line, you did a 76 run off of that, countertrend run. And I suspect we're going to see right now. Last time we had juice on the way up was at this, we're at $38.83 and it's $38.66. So I suspect that's where we're going to probably try to close. So I suspect there's going to be a little weakness coming into the close. We're going to take a look at, hey, it doesn't matter which way you want to go with this, folks. Bottom line, well, first off, let's go take a look at the high volume equities because the high volume equities, they're all going to be all the banks. You've got Bank of America down to $1.27. Charles Schwab's up $5.30. You've got First Republic off $42. Key banks up for, Huntington's off $1.50. There's big numbers. Now, if we go to the KRE, which is the Regional Banking Index, we're talking about, actually, this happened Thursday. It was, one of the tigers had told us in the dead it was ABC Down. That's how I ended the program. Bottom line, it was ABC Down. The equity just went from $56 to $41. Now, if you take a look at this, what you have is this, is that the banks want to get down as the market wants to get down to the March 2020 deal. Inside the Banking Index, okay, they did it in three days. You can see the top of the KRE is that that 50, that low is 27. We made it to 41. You're at 45. The volume's exploded, so the bottom line, you've got a high volume low anyway. That's where this baby looks instead that it wants to go to. What you did have is that you had Silicon Bank, that's out. Signature Bank of South. We'll see what ends up happening with a few of these others, but they're trying to hold them up. That's the bottom line. You've got Western Alliance. This one here, this has been all over the place. Most of these halts today have been just temporary halts. Western Alliance has just gone from a price point of $72. It hit a low out here today of $7. And when they just stopped it right now, I believe it's about $20 right now on the stop. Maybe $28. We'll see what that shakes out. But gold. We go to the gold contract. Gold contract caught another bid. Gold contract up here trading up $46. And you get 413,000 contracts trading, and we're trading at the 365. Notes and bonds, that is like pretty amazing. So this is the biggest move in the note and bond market since March of 2020 since the COVID deal. And bottom line is that you have, well, let's put it this way. I know factually what you have is this, is that what happens, folks, is that registered investment advisers inside of the commodity advisers, rather, commodity advisers, they basically were shot 300 billion of notes and bonds. And what happens is that that's one of the parts of the market that you actually know what they're doing because it's registered, okay? Well, they covered 200 billion of that. And that's what a lot of this is from Friday and today. Now, they have another 100 billion. As you know, bottom line about half hour ago, they got another 100 billion that they still have to cover. We'll see whether they're covered or not. So between them covering, between the Fed basically, you know, pushing out the aspect that the way that the Fed has dealt with us, folks, is that they made a facility available for a year. And what the facility does is this. So picture the way that these banks are imploding is this, folks, okay? Is that they buy notes and bonds. They bought them at prices that were higher. They didn't sell them. And bottom line, a lot of these notes and bonds are worth 60 to 80 cents on the dollar. Okay. Now, if you held them to expiration, you get your full amount. The mind blow of this is that what the Fed has allowed to do is that let's say that your portfolio is worth, let's say you had a dollar and it's really worth 80 cents. Well, the Fed is saying that, okay, we're going to still give you a dollar on the 80 cents, you know, to hold these banks up. There's going to be a lot more scrutinizing. There's no doubt about number one, what's on their balance sheets and just how BK they actually are. If in fact, they had to mock them to market. This always comes down to a mock to market, folks. Okay. It's just amazing that, you know, they keep getting away with the aspect that they don't have to mock things to market. If you don't mock things to market until you have to mock them to market, guess what? You're out of business. And that's the bottom line. And that's why you're seeing these other banks. Now, that's not even talking about the aspect of how the banks that are going down south, how much today all other banks, we haven't even got to that point yet. That's the bottom line. So, you know, this thing is not close to being over. What you're seeing out here now is a dead cat bounce, which is, which is normal, particularly after the S&P finished actually about a 1 to 1.382 ABC down. Recap out here. We have the Dow Industries up 1-820. NASDAQ is up 149. S&P's are up 21. Stay right there, folks, we'll come right back.