 Folks, let's jump over to our man, Teddy Kegstad. You can check out Teddy's Tiger Forex Report, folks, right on the front page of TFNN under Newsletters. You hit the Tiger Forex Report. You can subscribe, folks. It is $97 for a month. Comes with a 30-day money-back guarantee. You gain access to his webinar, Forex Strategies and Fundamentals. I got that up there as well. Forex Strategies and Fundamentals. What is behind the Tiger Forex Report Newsletter? That's a 60-minute webinar. Teddy did a couple months ago. You get all the check it out, folks, and we talk to Teddy every Wednesday. And, man, we got some action today this week, Teddy. Good morning. Good morning, Tommy. So we got a lot of economic data since we last talked, man. We got some CPI that's running a little bit of hot. We got retail sales, man. Big numbers, 3%. We have a little bit of, maybe, a reversal on some of whether you're talking about the dollar, whether you're talking about yields, crude, hovering near $80. Where do you want to kick things off this morning? Well, we can start with crude. I'm bullish. I like crude. I think it's going to make it keep on budding up against resistance. And I can see it getting up to probably the $82 to $85 area over the next couple of weeks. So I think that there's definitely a bullish case for that. And then I think the interest rate market, especially the economic data that's been coming out, really supports the fact that the Fed is not going to come off their hawkishness, I think, for quite some time. I know we always talk Forex. We talk yields. We talk, of course, commodities that shape so much of that. But what do you think of this? Just going to ask you about the S&P real quickly, because you brought up those numbers. What do you think about the market sitting risk reward wise? Did you look at that in terms of the S&P 4100 and change? Because I think, in my opinion, it seems like it's at least not a symmetrical risk in terms of where inflation is going right now. For those out there following the S&Ps, do you ever look at that? Do you see any upper or lower boundary lines on the market? Go for it, please. Absolutely, I do watch the S&Ps. And I think that, excuse me, one of the things that's really supporting the S&Ps right now is still earnings. But I think that earnings, especially when you see these economic numbers, that they're going to start to really impact the valuations for a lot of stocks moving forward into the second and third quarter. And I really think you're going to see a lot of downgrades as well. And that's going to weigh really heavy on the S&Ps. I'm a sell rally forecaster right now for the stock market. I'm not bullish whatsoever. I don't think we have a real bullish case for the stock market, especially with inflation. The Fed wants to have inflation down to a 2% mark. Well, that's great. We're not going to hit that anytime soon. So with that being the case, unless we have some sort of miracle environment that happens very quickly, I think that's going to really weigh each quarter as we move forward over the next two to three quarters, for sure, into the rest of the year. So and that's going to really impact the dollar and other markets as well. Because if the S&Ps doesn't hold to go higher over the next two quarters, that means that besides recession, you have a very bearish case for the stock market. And once that starts to really settle in, especially if earnings dry up, well, then you're really going to start to see I think the S&Ps get hit really hard and probably extend the correction down to where we could have the market down 35% from its highs easily. Yeah. I mean, it seems we keep getting these numbers. And I know eventually the Fed is going to reach a point that they're probably going to pause because we're at such a restrictive rate. But boy, they're lofty numbers. And then it'll be an interesting conversation in terms of how far we stretch out. And do they really go to 2%? Because what if it gets pretty sticky? That CPI, pretty hot, not really decelerating like we like many, at least of price. And we have other central banks. We don't know what they're going to do yet either. So I mean, we're not going to be raising rates like the rate that we did. But as long as other central banks are still going to be leaning on a hawkish basis, the Fed that also supports them some more to keep on doing quarter point hikes. I think any talk about them cutting rates, I think, is a joke. Because before they even do that, we're going to have a period of two to six months where they probably don't touch rates at all. Because you just need to have that kind of a buffer zone because to go from raising rates to just cutting rates, well, that doesn't make any sense. That means you made a mistake somewhere. Yeah, and especially on the heels of maybe that CPI, which has kind of led in credence to exactly that, where it's not going to be a drop off of the ledge. We're not going to 6% to 2% over three or four months, man. We'd be fortunate to be even on a path of wherever we get at that type of a pace. You reference the dollar. We get the dollar, some considerable strength. Of the lows that we got, kind of February 2nd at 100 and change, you were pushing 104. Maybe talk about where you see the dollar, kind of upper lower boundaries. I know you do a great job on your Tiger Forex report. We walked through the dollar. You look at kind of maybe some upside target zone, some downside. Maybe you can walk the listeners through for the dollar index this week. Sure. Let me give you a little. I'll give you a couple numbers here. So for the dollar index, I would say that right now, I think we're going to be pushing that 105.61 area. That's the area that we need to cross. If we can get above there, then I think that that's going to give a nice longer term outlook for a bullish case for the dollar. Now, there's a lot of divergence in the dollar. So I don't think you're going to see this with every currency. The weakness in the New Zealand dollar versus the dollar, I think, will remain. Australian dollar versus the US dollar is not going to be as severe, I think, for that region. I mean, the US dollar yen right now is getting a very nice bounce. For a while, it was really treading those lows. But this is an incorrective mode. Remember that even if we have a bullish case for the dollar versus the euro and the pound, I think that's where you have a long-term bullish case. The yen, I'd be very cautious because we don't know what's going to happen with the BOJ in the next couple of months. I would think that it may not stop the bullishness, but it should impede the bullishness. So the strength there in the dollar-yen trade, I think, is going to start to wane over the next month and a half. But I'd be careful with the pound dollar and the euro versus the dollar. Those two could really start to hit support, especially even though their central banks are going to be hawkish. There's a lot of problems going on with the economy. And the German rate of inflation is running super, super high. It hasn't run this high since very before World War II. So I mean, this is something that's really, really going to start to settle into their economy. And I think it's going to weigh on the euro versus the dollar. So the dollar index is going to be a very tough, jittery read. I think it'll probably be somewhat bullish on the index. But because of the divergence and the lack of follow-through, these markets aren't going to all go in tandem with dollar strength and other currency pair weakness. There's other things going on in the world. The Japanese yet, Japan's economy is not in the same state as like something, say, in the EU or versus the UK. And so that's why you're going to see that divergence, where the dollar is going to be strong. But relatively, some currencies, I think, it's going to have a very tough time at really trying to be too much of a bull. It's pretty cool. I was just jumping through the charts, as you were talking about those different forex pairs. And yeah, I mean, substantially different charts. And man, I know I'm aware of it. I know we've all seen it. But the move in the euro, the move in the pound, just huge off of some of those lows. Euro, what, 95 practically to 110 in the pound as well. Like for the pound, I think you could probably give a case that, let's see, probably over the next few weeks, if the economic data keeps going the way it's going, I think you could see the pound be down another three bucks down to that 116 area, maybe even push 115, unless they have any Bank of England intervention, which I don't think that's going to even really matter. Yeah, crazy, man. It's almost down three pennies even from that spike high yesterday. Yeah. Yeah, the momentum. And we got 30 seconds. What do you think a yield study where we are right now? Yields, I think we're going higher. I like it. I think that the way the bond market was trading over the past couple of weeks has kind of confirmed that. Let's see. I think for yields, we could probably see the 30 year get down towards the, I would say the one oh, I'm sorry, around 125. That's all right. I tell you what, can you hang with us for the break real quick? Can you hang with us? Yeah. Let's finish it up with yields. We'll be right back, folks. Stay tuned, Teddy and I. Welcome back, folks. That was quite a five minute bar. We got the S&Ps right now pushing session lows down about 27 points. You see it. I got it up on a five minute basis, man. Mark, it's just dropping to the lows right now down about six tenths percent. We're talking to our man, Teddy Kegstad. Right here at the Tiger Forex Report. Every Monday, folks, I got the Tiger Forex Report up here. You do such an outstanding job, Teddy. I didn't want to rush you. And I know you always talk about the 30 year. So first of you give us your take on the 30 year. I got it up here for the Tigers on a daily basis. And then if you could maybe just talk about why you take a look at the 30 year, most importantly, within your newsletter as you take a look at the currencies, the yields, and you specifically look at that 30 year within the Tiger Forex Report. Okay. Well, number one, I look at them because interest rates are a function of currency pricing. So wherever the trend is in interest rates, it doesn't necessarily mean that it's gonna totally push the dollar or whatever said currency is versus that bank, but it is gonna influence. Like right now, we know the Fed is hawkish. So that means as long as they remain hawkish, that should give some strength to the US dollar at least in moments. Obviously there's other things that weigh in the dollar and can impact the trend, but overall that is a bullish force for it right now. So, and especially like when you see what's going on with the interest rate market. I mean, today it's kind of quiet off of the numbers, but then you have to realize that over the past two weeks, literally, you've had a seven handle drop in the 30 year and what is it like a five and a half handle drop in the 10 year, that's a lot of market action without having any real significant news. You know, I mean, it's economic number driven, but not really news driven, you know. So in the fact that where we are trading right now, I think we're trading what is it, right around 125, 30 or 25, 28 area in the 30 year. I can see us getting down towards that probably with the 120, 509 area, which that would be a good support area. So about another handle or so down, but if we can get below that a little bit more, then we're looking at where, if we can get down to 123 in the 30 year, well, that's really supports the bearish case for the longer term trend for the interest rates. And then I think you could see us get down towards where we were trading back in November near those lows. Now that's not gonna happen in just a couple of weeks, but I could see it happening by June, being back to where November lows. By June, who knows where we're gonna be by June, right? Teddy, I appreciate the time as always folks. Check out the Tiger Forex report, please. Teddy, we'll talk to you next week, man. Have a great one. Sounds good, Tommy, take care. Okay, stay tuned folks.