my girlfriend DUMPED me ：(

Oh, 20% damage with small to top small

weapons.

You heard about the submarine? What

submarine?

Is there sound? Testing.

There's barely any game sound.

You've heard

about the submarine?

What's— video capture device? No.

Oh, there's no audio output.

Submarine to visit the Titanic and now

it's stuck. What?

Imagine.

Being so bored you have to get a

submarine.

Yeah, I would never want to go into a

submarine. You'd have to be crazy.

I never understand why people feel the

need to do dumb stuff and risk their lives

when you could be sitting at home playing

Diablo.

How long is this fucking stun gonna last?

10 seconds, it felt like. Oh my

god, the stuns in this game are too long.

I swear, it's like 5-second stun.

And you're just sitting there dying, you

can't do anything. And there's no items or

anything to reduce your stun,

the amount of stuns you take.

They should at least have like an item

that breaks the stun every 60

seconds, maybe.

Wow, the stream is so smooth now on

Streamlabs. On Prism Live, it was like

lagging so much.

I think Prism uses a lot of CPU or

something, a lot of processing power.

Imagine working on the Trident,

those nuclear-powered submarines.

I heard they stay down there for like 6

months and they can't—

I don't think they can go on the internet.

They might give away the location.

So they're stuck on a submarine for

6 months, no internet. I don't know if

they can play video games. No women.

Do they just jerk off? There's no private

bedrooms, they all share like a bunk bed.

What do they do, just like sit in the

submarine? There's no war going on. I

think they just randomly sail around,

sail around so they don't get found.

But there's nothing they can do. I mean,

what are they gonna do? Their only job is

to send out the nukes in case we

get nuked, which is never gonna happen.

That's never gonna happen.

Sounds like the most boring job ever. I'd

rather work in McDonald's.

Well, it probably pays well. I bet they

make like 50k a year. I bet they make like

80k a year for

barely doing anything.

You know those You know, in a shopping

center, they've got luxury cars in

the shopping center, and they just got

maybe 2 staff sitting there doing nothing.

That must be the most boring job ever. No

one's gonna buy a car in a shopping mall,

not especially not like a Jaguar or

Bentley. Even if you're rich and you

wanted to buy a Rolls-Royce, you're gonna

go to the shopping center and You would

just go to a car dealership.

It's just like an advert, I guess,

because people are shopping, they'll see

the car. I saw the Teslas.

They had Tesla— I

had Teslas and I sat in one.

But it looks like there's no work to do.

What were they gonna do, polish the cars

maybe?

But every time I've died is because I get

stunned. That is the only time, that's the

only reason I die in this stupid game,

because I get stunned for like 10 seconds.

And I can't, I can't dodge out the way

because I can't see what the hell's going

on. I can't see them winding up the stun

attack. It's impossible.

There's too many enemies, there's too many

numbers. I can't tell what the hell is

going on. How am

I supposed to dodge out? I can't see what

the fuck's going on. There's stupid

lightning explosions.

The camera's too zoomed out.

This camera angle, people said, is to make

it easier to see the enemies. It's not

easy. Look, I got stunned again and now

I'm— oh my fucking god, this fucking

This one stupid boss.

I can't see shit. The fuck am I supposed

to know if it's gonna stun me or not?

I don't understand. He's not stunning me

I don't get it. Look, I just easily killed

him now, but before I kept getting

stunned. I didn't get stunned once this

time.

This game's so annoying.

Look, stunned again.

It's just lucky because I used the potion

just before. There's no obvious sign

that they're charging up to do a stun

apart from these guys. They do like a

massive lunge. But look at that. I saw

him, he was raising his hands.

How am I supposed to see that?

Oh, you gotta move out of this, the red

circle. But it's hard to see the red

circle sometimes. They need to make it

This guy keeps exploding.

Ah, I feel so stressed out because of this

game.

I think I'm just gonna stop playing it

when the trend dies. I don't know if I'm

playing it because I want to play it or

because I feel like I have to play it to

make videos about it. I can't

wait for this stupid game to die.

I don't think I'd bother playing it

I want to move on to something new. I've

been playing it for 2 weeks and it

just— it takes up my entire day.

And then when I'm not playing it, I'm

thinking about playing it.

And then when I'm playing it, I'm really

grumpy, like irritable.

It's a very annoying game. It just feels

annoying.

Why do games seem to be designed to annoy

you more than entertain you these days?

I just feel annoyed all the time.

I don't know if I'm having fun. I think

I'm having fun. Fun. I don't know,

can't tell anymore.

Oh my god, it's so boring streaming when

you got like 12 viewers and no one talks.

I think I'm gonna end this stream.

Well, I'm gonna watch YouTube then.

Spiking to levels not seen in quite a few

months. Yes, the mutual funds have been

forced to purchase, but does that mean

that you should be buying as well when

they do something like this? Well, today

we have a look at it and we break down

some interesting notes coming in from

Goldman Sachs and of course JP Morgan.

Hello ladies and gentlemen and welcome

back to the channel where we discuss

stocks, commodities, and cryptos. And

today we're going to talk about the

squeeze that's indicators that JP Morgan

uses all the time. January squeezes, GME

squeezes, and of course COVID squeezes.

Where are we right now? The answer is the

99th percentile. Yes, that means that we

need to be ultra cautious as we see

markets exit the Bollinger Band for the

first time in some time. Let's take a look

at everything to do with markets right now

together.

Welcome back everyone to the daily show

where we talk about markets around the

world. If it's your first time here,

welcome to the community. We talk about

macro leading indicators and of course the

hottest charts. We've got some crypto

discussion that needs to go on today

because Bitcoin broke out in a pretty big

way, and when it returns back down, is

this now a buy? Today we'll talk about

ratios as well with Bitcoin and other

markets because, yeah, remember back in

December of 2020, things just started to

heat up. Has that changed over the last 24

hours? What else was going on the last

market day? Of course, Tesla and Nvidia

need to be discussed. Energy got hit

pretty hard based on the lackluster

stimulus from China, and we need to talk

about, of course, equity inflows. So first

up, we need to discuss the idea that

markets have seen mutual funds pull the

trigger. This is something that we've been

been waiting for in markets for a while.

It's something we haven't seen. We've

talked about neutral positioning— that

changed as of last week. But as they pull

the trigger and get forced into the

markets, we've got a squeeze event on our

hands. And this is something that you

don't generally want to necessarily get

involved with if you're on the bull side.

Sometimes patience can pay, but in this

case, I think mean reversion is more than

likely going to happen. Just a reminder we

share a lot of these charts over on our FX

Evolution Twitter, so links in the

description down below if you're

interested in checking that out. And I

want to show you here the actual mutual

fund injection that we've been seeing.

This chart here has shown us neutrality

between 400,000 and 600,000. We usually

consider neutrality— that has changed over

the last week, a massive uptick. Now when

we go and have a look over the S&P 500

during general periods of this, you

usually don't see these massive upticks

happening during a rallying market. In

fact, they usually happen during a buy

that dips start to come in with smart

money. This is where things have changed,

and it reminds me a lot of the pop back

before 2020's actual fall-off, where we

saw a big spike coming up, no fall-off,

then all of a sudden things went bad. Now

remember, we had that Dow Jones

Transportation Index 5 days out with the

Dow as sell-off only a few weeks ago.

When we got a read like that, generally

what did we get? A squeeze of markets. In

fact, the S&P last time it happened

squeezed up 9% with a very similar neutral

vibe read. Coincidence? Possibly, but

certainly something that we'll be looking

at in today's video. We also know that

we're in the weakest week of basically

this period over summer in the US. It's

June 19th to June 27th, and the stats are

not positive. In fact, if you actually

consider that one negative as well, you

would have a 319 reading. Now things

change next week, right? If the market's

going to go bearish after the OPEX, after

the options expiration, this is generally

the time that it happens. The volatility

of the volatility has increased. You can

see here we're seeing VVIX up while the

VIX itself is struggling until full

options expiration on that one. The VVIX,

or the volatility of the volatility, has

been spiking over the last 24 hours. Here

are similar times— this was taken over a

week and a half ago— that we've seen tech

call volumes increase. In fact, most of

the times that these things have happened,

only 1 to 2 weeks away we saw a relatively

decent sell-off. Back to mean reversion,

those types of things. The Fed dot plot

did absolutely nothing to the market. If

you've been watching markets recently,

you would know that the Fed has been on

one hand saying, oh look, we're very

carefully shifting, you know, we're going

to go higher interest rates. And the

market's been saying, no, you're not,

you're not going to do it. Fed dot plot

recently told us higher for longer, then

cuts in 2024. The market said, we don't

believe you, we don't think you're going

to do 2 rate hikes. Now imagine if the Fed

does come out and do a rate hike that is

now not priced into the market. Something

to keep in the back of your mind. If we do

end up seeing the Fed stick up to their

words. What do you think in the comments

down below though? Let me know if you

think the Fed will actually get one of

these hikes off or not. For investors,

which we also like to talk about— of

course there's traders, day traders,

swing traders, and investors— for a swing

trader or an investor, what are you doing

in the markets right now? A lot of the

time you're picking out single stocks and

sector rotations, and I think that's

probably still the best pick Like we've

discussed over the last couple of weeks.

Why is that really important? Because

pretty nasty, the military's about 18.6%

right now. While that's not the most

expensive on record, if you're an

investor, you really do want to be buying

at least the 25-year average. And if you

don't believe that that comes back for

you, it always does. This chart should

show you that you always get at least the

25-year average, if not cheaper

opportunities, at least generally once a

year, especially for those investors. So

is that once a year coming back for us

soon? Well, that is a really good

question. As we saw, this is a weak,

like, weak general after we've had a

positive quarter, but typical summertime

trading lulls are very consistent. July is

usually positive for tech stocks, but then

August, September, a horror period,

especially in pre-election years, which

also see here New York Stock Exchange

volume, 1-year seasonal patterns tend to

be again a bit lackluster in terms of

what's going on. If we want to stack some

even bigger stats on how bad this week

tends to be, you can see here week after

Trump winching, we get down 27 of the last

33. The average loss is about 0.8%,

and during some periods of time during

2008, obviously some extremely bad bad

reads during this week. Have we seen the

start of that? Well, we've got a slight

weakness through the Monday— through the

Tuesday, I mean, this week. Let's go over

here to sentiment surveys. Now, sentiment

surveys, as we know, have been one of the

best reads of the last year to show us the

markets have been topping. 45.2% of people

are coming in bullish. I've peeked a

couple of other survey reports and I can

tell you that pretty much everyone out

there Is on the bullish train over the

bearish train, and I shared that in our

private community. According to a June

13th bullish advisor report,

53.4% of people were bullish, and bearish

advisors slipped back to 20.6%, and

correction advisors are at 26%. So

interestingly enough, what we're seeing

here is no one is bearish anymore.

Now, does that mean we're in extreme greed

according to the extreme greed indicator?

That would be a yes. So again, it's an

interesting point. Let's move over now to

the options and what's been going on in

the 0DT world and of course the wonderful

world of squeezes. Tesla continues to

absolutely dominate and the board gets run

ashore this stock quite a few times now.

It looks like it's going through the

magical 300 read and some people are

going. Pointed out in our usual Monday

stream, which we must be on Tuesday this

week due to Independence Day. And happy

Father's Day as well for everyone out

there that celebrated that. For

Australians, we haven't done it yet. Um,

so thank you very much for your comments,

but, uh, yeah, it doesn't happen until

September here. But basically, we did see

a huge rise in general transactions going

on with Tesla again, and we've seen a lot

of pretty big pickups in a couple of the

stocks. One of the ones we've been really

focusing in on recently finally had its

day in the sun. In fact, the first hour of

trade we saw huge options positions to the

call side come in, which we'll look at

soon. PayPal on a run, 3.7%, really nice.

Another one we've been looking at recently

was Disney. It faded again, back down to

pretty much where we started in this

particular run. It's been very

disappointing. Reelection years do tend to

be pretty bad. Bad for it. I would say if

it doesn't turn the next 24 to 48 hours,

it's pretty much done for on that one.

And that's the power of, you know,

different positions. Another one we've

looked at recently, Intel was down 3.8%

but still up massively from the 20s that

we saw only a few weeks ago. What I found

interesting for Zoom— Zoom was trading at

1.6x the 90-day average volume with a

bunch of calls coming onto it. Is that the

next peak for people who Zoom is a really

beaten-down stock, similar to an Adobe,

similar to a PayPal. Even if the markets

go bad soon, sometimes some of these

beaten-down stocks can hold it up. Let's

move over to the zero DTE on index options

trading. And of course, as you see here,

we got the put again, another put. This is

2 times in a row now. The 2 biggest

options positions of the day were puts.

Interesting, market was down on the

session, but puts are starting to make up

more and more and more of the top 10 on

the indices. Is this showing us that

there's some exhaustion finally starting

to appear in the markets? Well, if we go

through some of the stats, this is the one

that I think is most interesting here.

It's 5 puts at $415. Look at this August

here. So we've basically got finally a

decent volume position coming through on

the puts at $415. That's a lot lower than

the current price. Is that a big player

starting to bet on exhaustion in this

market. The first time we've seen that

pretty much ever. Let's move over to

the other options positions. It was really

just people buying tons and tons of calls

all over Tesla. You can see this is

striking up some Tesla call over here

going for the $300 strike. And then there

was PayPal. PayPal getting massive call

positions coming through here. Look at

those wicks. Weaklings there. Very, very

nice. And that helped to really, I guess,

extend PayPal's gains over the last 24

hours. We've been spotting that one for a

little while. A few people are on SPCE as

well, I noticed in the chats. I wouldn't

recommend that one. I think SPCE is a

trash stock, but you know, it moves the

way it does. For a long time I've had a

bit of a fight with it. The look at PayPal

showing up here so many times, it was just

an incredible amount of interest. Let's

move over to rotation. So what happened

over the last 24 hours, or this is the

last 5 days, consumer discretionary

continues to do relatively well. Now

that's interesting because you would think

the American consumer is quite weak right

now. Well, the market's pulling that index

up, and this is the thing, it usually goes

semiconductors, technology, and then as we

mentioned, consumer discretionary.

Consumer discretionary being one of the

better sectors recently. And metals has

been improving as well based on China

stimulus questions. And of course they've

been a little bit lackluster over the last

24 hours. We were looking for staples,

healthcare, and utilities doing well in

today's session. It just didn't happen.

Look at this, it was terrible. Basically

utilities was down 2%, not very good.

Staples was down 1.46%, and healthcare did

okay. So of the 3 main defensive sectors

We only saw one realistically holding

better than the market. Gold was down

hard. We'll talk about that later on

today's video. But yeah, there wasn't much

selling going on in the right sectors and

not enough buying going on in the

defensive sectors. So that kind of breaks

our trend for now. So just before we jump

into the charts and we take a look at all

of the key levels that we need to be

watching right now, I want to say a big

thank you to the sponsor of today's video,

which is Tiger Brokers. Now for the New

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Evolution members in the description down

below. Let's check out here why we like

the platform. Well, of course, there's a

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starting to do some pretty damn good

mobile apps. But the poor desktop crowd

like you and me, probably we've been

forgotten a lot of the time. Well, not at

Tiger Brokers. They're constantly

improving the platform. Here you can see

I've got the Apple chain up for options,

IV, PC ratios, looking at the options.

And obviously on the right-hand side you

can get level 1 and level 2 data. But on

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and the analysis platforms, PE, PE ratios

in general for forwards, target ratios for

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These are some of the things that used to

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within Tiger Brokers. So what are you

waiting for? Check them out in the links

in the description down below and see if

it's right for you. All right, well,

let's jump into the charts now, and we'll

start off here with Bitcoin versus NASDAQ.

One of the members of the community wanted

us to look at this, and boy oh boy, were

they correct. Over the last 24 hours, we

spat on that resistance. We never saw the

turn. We'll talk about it soon. And it

looks like for now the bulls have control

of Bitcoin. So for people that actually—

I'll put on here the watermark so you guys

can see which combo I'm using here. But

for people that are buyers of Bitcoin as

an investor, as a concept, if you believe

in the new bull trend, this is an

interesting ratio to watch. Now of course

you may remember if we go back to the

previous time we went into a bear market,

when was that? 2020. It took a while for

Bitcoin to get sorted, but then all of a

sudden Bitcoin exploded. Exploded out,

and it is always the first crypto to go.

Now that the FUD or the SEC information is

starting to kind of dwindle, I guess, on

the charts, is this ratio becoming

important? And the answer to that would

have to be, if you're an investor, not a

5-trader or day trader or swing trader or

anything like that, then Bitcoin is going

to be very important. And the reason why

is because for an investor comparable to

the NASDAQ, Bitcoin Bitcoin is relatively

cheap. In fact, basically the same ratio

trade price as around October lows of last

year. Now you may be aware that Bitcoin is

considered, of course, a growth-style

asset. So therefore, if it's trading

around October last year's lows, you can

see over here, this ratio has that, then

that should mean that maybe it should use

more of the liquid rebalancing.

Short it off down there. I would probably

continue to short, maybe go down to about

$24,200. Was $24,800 the low? I don't know

yet, but certainly Bitcoin's big rally

through here was massive. The daily closed

well above $24,000, which is a part of its

rally since that point. Bears are really

having a hard time at this level getting

control towards the short end, but Bitcoin

as a ratio is Do you believe that the

markets are going to continue up on the

bull side? Is Bitcoin becoming one of the

most interesting buys moving forward?

It is distinctly possible

that certain things will occur in the

coming months that will break many of the

bears' dreams. And I didn't tell you it

was going to happen, but when it did, it

means that my, you know, moves with any of

the shorts, that's just Reality of the

situation, and you've got to reassess at

this point. That's strong lows. We'll look

into the weekly as well this week. That

will tell us a lot about Bitcoin's next

move. But if we take off these highs,

especially $30,300-ish, and close weekly

above that, telling you Bitcoin will be on

the move. So we'll watch that very, very

soon. Let's move over to one of our

combos. Now we've changed the combo here a

little bit. It's going to be the

Magnificent And why I'm bringing this up

is just to show us mean reversion on the

If you remember, we saw all of the same

types of things— tons of calls. By the

way, today's call rate was 57% calls to

the puts. We saw tons of calls for a

couple of weeks, we had high sentiment,

and we saved 4 calls. We saw the

divergence squeeze indicator. So it's just

time to be cautious and focus on those

stocks, certain things that we've

mentioned throughout the week. I think

most funds would descale certain stocks.

As we mentioned, the volatility is spiking

up. That shows you internal volatility is

actually starting to spike again. We last

saw internal volatility spiking into the

bull run, which you can see here.

February 15th, when the bull run first

started to spike up. Similar period over

here. I think it would be a coincidence if

Right.

Talk about them also soon in this video.

Let's move over to PCC for call ratio.

Well, again, got crashed back down here as

we see calls reignite in the markets.

Interesting. Talk about that soon. Move

over to copper. It's trading around its

highs. It traded up due to stimulus

expectations, China stimulus, and the New

Zealand Reserve Bank's remarks about PCC.

I'm hoping that China will come back in

with more stimulus, will come back in with

Demand will come in hard and of course

continue to pump it over the next coming

years. And of course, I think it's a

strong thing for metals when we see the

right signs. Cumbering supply at this

stage though, so don't be surprised if

demand destruction does take over, but

we'll watch it very, very closely. Let's

move over to central bank liquidity. They

keep lying to us, guys, and it's the same

thing as always. We're almost back up here

in basically a combo mode.

In my opinion,

yes, it is. Doesn't mean it's about to go

higher, which we'll look at soon, but it's

probably too high and it deserves a mean

reversion. The problem for bears is going

to be that unless this thing turns down

and actually starts getting destroyed,

we're not seeing central bankers actually

pulling back the way they should be. And

that is a major concern because, as we

know, this market over the last couple of

years has been driven by this central

banker injection. Are we too far away?

Personally, I believe yes. So we're

looking for turns, we're obviously looking

for the same thing, playing single stocks

on the bull side, playing sectors on the

bull side, and then waiting for the next

one. I think that calls also are one of

the better plays still at the moment,

just to protect yourself from potentially

getting smoked in what could be,

according to Goldman Sachs, a 5+% move in

only a couple of days. And the probability

of that, according to the VVs, and there

are reports are showing that it's

increasing each and every day this market

goes up. So yeah, just some interesting

things coming out from the internals here

of some of the big bankers. Let's move

over to the dollar. It was up to that

first area that we were talking about.

It's not a surprise we end up finding that

kind of doji. Is this extending to the

downside? I would say yes, and I would

think that the dollar may stabilize around

this point, which we are very close to

right here. Play before this area. But I

think this gap as well may need to be

filled. So we're watching here very much

the RSI at the moment. It's showing us

bullish signs, and a few of you guys were

bullish over the last 24 hours. What about

gold? Bad daily close for this one. I

mentioned in the live stream on Tuesday

open that if gold closed these— We

almost got to the side where we thought

the bulls were back in town, but it didn't

break through our heavy trading zone on

the upside. That stops us from being

overly bullish. Let's face it, it's all

about these nuances in trading to be able

to figure out whether the information is

wrong. For now, we're focused on the

downside. We're confidently seeing neutral

market behavior as it maintains very

volatile risk-free volatility to a few or

three direction. So coming back down to

the demand zone over on the left-hand

side, 19,900. At this stage, the current

target is short. Let's move over to oil.

I still think this is neutral based on

China's stocks. It's floating around the

zone that makes it very difficult to be

bullish or bearish. So I think we'll

probably just stick with the idea that

everything's neutralized. If you were

going for day traders, you would say this

is the short area though for oil, with

stops above that high. How good is it?

Probably about a 50-cent trade, but would

pay around 2 to 1 if it worked. Let's move

to single stocks. First up, PayPal. Great

day for it, fantastic move. You can see

here, 3.7, really didn't have any bearish

news. Huge options, great potential for a

gap fill and merger to come after. Some of

the things that release the price— this

trend line, you'll notice it lines

incredibly well with the gap fill levels.

Which are here. So there's still a bit of

room in PayPal at the moment. It is a

risky trade, of course. It is priced in by

options squeezing this thing up. You can

see the volumes, as usual, really showing

you the big players that are backing

PayPal at this point. So far, the

continuation is pretty weak. We've put a

target on top of that the other day,

which was $982. So far it's dropped off,

but so far it is looking pretty bearish.

Looking for it back down into the kind of

7s and 680 levels. Intel had a bad session

for it as it took and tapped this high.

I'd like to see Intel find buyers again.

Still looking for the end of the

correction. I think we'll see it back up,

but I don't think we'll get a big move

higher this time. Major move higher. It's

not going to be dramatic. It has had the

V-shaped trend, so it looks like there is

a decent move to the downside still

Yeah,

for a very

long time since really over here in 148.

Let's move over to Tesla. It cannot be

stopped, and I'd actually just The gap

fill happens in the real market. It kind

of sold like day traders might have tried

to have a go at it. You can see it sold

down nice and quickly. And because of the

big news coming out of Tesla sharing their

network with every single person under the

sun, it's not making anybody else look

good. And people are now seeing this is

the cheaper AI play versus the premium.

So that's what people are also buying it

for. $300 seems like the next move for

Tesla at this stage. Very little to stop

it as it kind of rallies up. We'll find

out whether it still can. Semis, they're

in the hot seat. I think that semis are at

what I would call a D-scale position.

Basically, this is a very good level for

markets to start to weaken. And if you

actually chuck a Bollinger Band on semis,

I encourage you to go do that. A little

bit of study on what happens when it,

when it moves this way, especially on the

weekly.

So at the moment, day traders

will be excited about buying. And then

easy trade, certainly by catching the

falling knife, but certainly no turn

switch though to the bull side yet.

You're going to probably need to take out

around 1880 for that to happen. Move over

to NASDAQ. What's it doing? Well,

NASDAQ's really far away from the mean

reversion, that's for sure.

How it's set up into these 50 minutes.

And that is really important for us,

right? And now, the main shining star

reasons that we have in this market, very

far and out, would be reversion. You can

use pretty good resistance tests, all the

good stuff that you normally see. Same

thing here, just everything has 100

features. You can see the way it's

trading. Let's go down to the 15-minute

chart and have a look at it. And you're

going to notice It's

gonna be very important to put a line

through around 15,140. If you do get that

spiked up, it does point the picture of a

new high being formed in this market. So

we're teetering on 2 levels, no turn point

yet. Now let's talk about S&P. So as JP

Morgan show us the squeeze, what is the

S&P showing us? Massive closure. That is a

huge closure. And I put in the private

macro that I do weekly. I just thought I

had to share it with you guys. So

basically it's a huge closure, and I

don't need to tell most of you that trade

Bollingers that when you close a weekly

outside the Bollinger, you are showing

exhaustion. Along with TD13s, along with

other things, it points towards— even

though S&P is not at the critical levels

that we would usually expect being maybe

4350 previously or a 4530, which is my

next level, it is exhausted. There's

usually only 1 to 2 weeks left before a

turn occurs, and this is in line with

everything else that we've been talking

about. Again, how big is the turn going to

be? I'm looking for mean reversion makes

some sense in the markets. And again, I

would suggest if you're interested in some

way further analysis of this, you can

check out our 7-day free trial private

community, watch the weekly analysis, and

put in a few more points on what we're

speaking of here. And again, this doesn't

mean you have to trade towards the short

side, that's much harder, but it gives you

a bit less FOMO and a bit more control

over certain of these stocks going

forward.

I think 4330 is the

key low to be taking out in the S&P. It

was a weak session, but then it found some

rallies, which we have to expect. And I

kind of expect us to come back and touch

this zone at least. You know, that would

give us our average kind of short off for

the normal weeks, such as this June swoop.

But if we don't take that low, I find it

hard to believe that we could possibly

trade down to a 4140. So this

is where the swing traders will come in,

and I think what will probably happen is

something like this where it will rally up

afterwards. Ideally, these zones will be

hit, and then we'll find out whether the

bulls really do control this market with

some nice mean reversion levels. What

about for the news for the week ahead?

Well, let's scroll down here. As we know,

Fed Chair Powell's coming out to annoy us

again. That's going to be fun. Then we've

got a whole bunch of press conferences

from other central banks around the world.

Fed Chair Powell annoying us again on

Friday, and that's the main news along

with flash PMI. So realistically, there's

nothing too crazy coming out here this

week in terms of news. I think you need to

be paying a lot of attention to the Powell

discussion that may be affecting the

markets, but I don't think there's

anything that we necessarily need to worry

about other than watching for the right

technicals and keeping an optimistic mind

maybe in certain sectors, and at the same

time just being, you know, neutral, I

think, with this current market FOMO. If

you're interested in finding out more

about, of course, Tiger Brokers special

offers, do remember there's some for the

Australian viewers, some for— Arlo's

Plan is just $15 a month and get the plan

shipped to your door. I cough a lot during

this podcast. I still have not been able

to shake this cough. I got sick a little

bit on my last trip to Europe, and

hopefully I get rid of it because I'm

going back to Europe again in 6 days,

and I really don't want to be traveling

due to cough, so hopefully it goes away by

then. Also, just to let everybody know, I

know I haven't been doing the Q&As. I'm

gonna do one today. Hopefully I get

through it. So if you're not a premium

member and you want to take part in this

evening's Q&A, you can go sign up at shift

radio.com/premium. If you're already

signed up, then make sure sure and stick

around because as soon as I finish this

podcast, I'm going to be doing the Q&A.

Now, first of all, over this 3-day

holiday weekend, the national debt

finally shot above $32 trillion.

Now, at the moment, there is no ceiling

on this debt. The sky is the limit because

they suspended the ceiling, at least until

after the 2024 presidential

election. So who knows how high this

number is going to be. But what's really

significant is not just the size of the

debt, but what's really growing

exponentially is the interest payments

on the debt, which are over $600

billion according to this

nationaldebtclock.org. I have a feeling

that it's actually more than that,

because if you look at— and $5 billion,

that still represents less than 2%

interest on the $13 trillion. $22 trillion

national debt. Now I know a lot of that

debt was financed at very, very low rates,

but every month that super low-yielding

paper matures and it has to be replaced

with 5%. And just think about

what will happen. Let's say interest rates

just stay around 5%. I think they're

headed higher. Even if they dip a little

bit first, I think 5% is going to look low

at some point. But let's just say rates

stay around 5%. The national debt is going

to be $40 trillion in a few more years,

right? Not that many. At 5%,

because by the time the national debt is

$40 trillion, the, you know, the whole

thing would have rolled over. There'll be

no more of that, you know, 25 basis point

debt on the Fed's balance sheet or on the

government's balance sheet anymore. It'll

all be gone. So if you figure the

government ends up paying 5% on a $40

trillion national debt, that's $2 trillion

a year in interest. That is

more than triple the current $600

billion. That's more than we spend on

Medicaid right now, that's more than we

spend on Social Security. It's actually

about what we spend on Social Security and

national defense combined. And that's just

interest. That's $2 trillion. But another

very troubling fact should be that even

if we could balance the budget without

interest, meaning that the government

collected enough in taxes to pay its

bills, not counting interest, Even if the

government could do that, we would still

have a deficit of $2 trillion a year,

which it can't. If you look right now,

federal tax revenue is about $4.7

trillion. Spending is $6.3 trillion.

Even if you subtract the $600 billion for

interest on the national debt, you still

have an operating deficit of $1 trillion.

Even if there was no national debt and no

interest to pay, we still have a

trillion-dollar deficit, budget deficit

every year, adding to the national debt.

So that means if the government can

maintain that $1 trillion

deficit, which I doubt, but— or a deeper

recession than what we got now, but even

if we can maintain that, that means when

interest on the debt debt is $2 trillion,

the annual budget deficits will be $3

trillion a year. This is,

you know, going ballistic. Clearly an

accident is about to happen. We cannot

continue this. And in fact, if you look at

the rate in which we are currently racking

up debt, when Biden took office,

about 2 and a half years ago. Since then,

the national debt is up $4.25 trillion in

2 and a half years, but it's now going to

accelerate at a rapid pace. Now,

Donald Trump currently holds the record

for the most debt

accumulated in a single presidential term,

right? He didn't accumulate the most debt

of any president. That dubious distinction

goes to Barack Obama. But Barack

Obama served 2 terms. Trump only had one.

Now, of course, Barack Obama

broke the record that was set by George W.

Bush. Bush, who had the 2 terms before

him, he had the record for the most debt.

I mean, he doubled the debt, and then

Biden doubled the debt again. Trump wasn't

in office long enough to fully double the

debt, but he did set a record for the most

debt in a single term. I think Biden

can beat that. I think that Biden in his

first term, and hopefully in his last

term, only term. But in this term,

based on what I think is going to happen

to the deficit in the next year and a

half, uh, and the interest on the debt,

he is going to break the Trump record,

which is very significant because

remember, Trump's deficits were heavily

skewed in his last year based on all the

stimulus from, uh, you know, COVID. All of

the, uh, PPP money and all

those stimulus checks caused the deficit

to skyrocket in 2020.

And so Biden, you know, didn't have more

debt than Trump. And by the way, I want to

just mention something without actually

mentioning it because, you know, I've

heard that when you talk about this stuff,

let's say on YouTube, and my podcasts are

on YouTube, there's some kind of

algorithms that are, you know, kind of

monitoring YouTube. And when they, when

they, you know, they pick up these

keywords, they kind of demonetize your

video or they try to suppress its views.

And so I don't want to, you know, touch

off any— when that certain, you know,

disease hit in 2020,

that caused the big increase in the

deficit, there were a lot of people that

were claiming that that certain disease

actually got started in a certain lab

in a certain country where they were doing

certain kinds of research. And so it was

kind of a man-made thing.

And when those theories were first,

you know, promoted, it was fake

news, disinformation, conspiracy theory.

But now it seems like that, you know,

conspiracy theory turns out to have been

correct. But even though we now know it

was correct, you still can't talk about it

because the powers that be don't want to

acknowledge the mistakes that they made.

But apparently not only the first

person who got that disease, patient zero,

but the second and third person who got

that disease all worked in that lab in

that country where supposedly the disease

didn't emanate, except all the initial

cases of that disease were in that exact

lab in that exact country. So, you know,

I thought that was an interesting piece of

news that I don't want to technically talk

about, but I just kind of got off track.

I've been talking about the deficits and

that even though Biden didn't have

to deal with that situation, he still

is going to preside over a bigger

increase in the debt than Financial

crisis

In the banking crisis. Now, you know, you

wouldn't know it by looking at the stock

market, right? I mean, yeah, the Dow was

down a couple hundred points today, maybe

250, but, you know, Nvidia made a new

high, right? So hey, everything is great,

uh, you know, and the tech stocks— the

NASDAQ was down a little bit today, but

not as much as the broader market because

people are still piling into these stocks

as if everything was great. But Everything

isn't even close to being great. And I

think what's going to happen as we see

the weakness in the economy and at the

same time an uptick in inflation, which is

very close around the corner, looking at

various prices, you can see that that

curve is bending up as the economy is

headed down. That is going to put enormous

pressure on the deficits of the United

And so

there's something called— there's

something called love, Sam, and love goes,

goes deeper than Love goes deeper than the

stain on your shirt. Yeah, Hannah loves me

too, but she's also gonna love me to the

point where she's gonna tell me, look,

Zach, come on, why are you wearing that

shirt? You think this is bad? You should

have seen some of the shit I've worn.

I've turned a white shirt black. Is it

like— it's like a lobster in there too.

Yeah, I've turned a white shirt black and

I've turned a blue shirt gray. And you

know what? You know why she doesn't say

anything, Sarah? Because the one time she

told me, wow, you should maybe change your

shirt, you know what I did? I made it

dirtier on purpose and I left it for 3

days on. I don't like when people tell me

shit. What did that achieve?

She stopped telling me shit. I don't

need somebody to tell me my shirt is

dirty. I know it's dirty. I don't care.

It's special. Looks like you grab a little

snack or something around this point. I

have my coffee. I mean, what snack do you

want? I haven't

had chutney. Yeah, so I'm saying you grab

a little snack because we're gonna wait

for Joel to come down. Where is he still?

Is he is he coming? Where is he? I say

he's going to. Cleaning medicine.

I mean, to be honest, I don't really need—

we can just eat food when we get there.

Burger's here. All right,

let's just call an Uber. Fuck it.

Why? Oh, because, uh, because they weren't

proof enough last time. That's all right.

Yeah, she's definitely doing something.

We don't need her. She's doing something,

Kim, though. Probably. We don't, we don't

need her. I know. Yeah, but I want to make

sure she's okay. But she's fine, dude.

What do you think she's doing in there?

You're gonna hang out with Kim, right?

Yeah, I feel fine. Just a little sick.

Seriously? A little bit, yeah.

Right, that's what I'm saying. Like, uh,

just a little bit. Yeah, a little, little

not, not great. Yeah, I'm good. Why you

keep asking me fucking questions, bro? I

said a little sick, it's fine. You don't

got to keep questioning it. It's fucking

annoying, dude. It's— listen, bro, it's

annoying. Why is it so annoying? The

noise. Why are you so annoying? You're

annoying. I said— I just said I'm a little

sick. I'm fine. You asked me how I was.

I'm a little sick. I'm fine. You keep

asking fucking why. It's like, why do you

I got to

stop, bro. Whatever, dude, it's fine.

I'm good. Is that coffee

candy? Yeah. Where's the other

ones? What is this? Girl candy? No,

no, where's the ones that say girl candy?

That— does it make me drowsy?

Fuck it, dude. I gotta get my caffeine,

dude. I can't, you know what I'm saying?

I gotta get my energy up. Fuck, the

caffeine comes in handy, bro. That

Monster, I like coffee, you know what I'm

saying? Monster is cool, but not me.

Yeah, so there's a back school. There's

many African people.

Well, let me go this way. Hold on.

His stain

on his shirt like this. Where are we

going? How do you judge?