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You know. The funny thing about
that is they recently actually just launched a

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at chatt and GPT like bought portfolio
that buys twenty stocks. I think it's

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twenty stocks and rebalances weekly and that
it's it's it's holding a lot of technology

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right now. I took a glance
at it just to see. You know,

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out of curiosity, you're listening to
Carry Letts's Financial Survival Network, where

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now more than ever, and welcome. This is Financial Survival Network. I'm

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your host, Terry lets Well.
We just got the core CPI numbers out

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and much as expected, PPI is
next, FOMC is happening already. Today

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is June thirteenth, twenty twenty three, and Friday is the quad which ing

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hour were or basically four times a
year, we have four major asset class

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options expire on the same day.
Eddie Gifford, you are with us now

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to help make sense of an insane
world to your CPI. So we should

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be dancing in the streets. It
came in. It's only point four percent,

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so or inflation rate of a little
more than five percent. It's great,

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right, Well, you would think
so the way the market's reacting.

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You know, we saw this morning
when they first headlined and the headline inflation

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is actually only at point one month
over month. So then when we take

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out the energy and food, we're
at point four month over a month,

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which annualized is still four point eight
percent, so super super far away from

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that two percent target they keep telling
us about. And I think what it

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does is it kind of opens the
window or at least a hawkish stance tomorrow

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with the Fed, maybe even maybe
even a bump, maybe even at quarter

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point bump. You know, everyone
wants Pow to kind of pump the brakes

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and kind of you know, was
play the weight and see game. But

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if there's anything that he's been Claron
over the last eighteen twenty four months,

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it's that he wants to get inflation
under control. And if we go back

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to the seventies, we can remember
that, you know, inflation seemed like

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it was subsiding. They started to
cut and then inflation just like ripped up,

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and so I think that he doesn't
want to make that mistake. But

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you know, we'll see there.
There seems to be a lot of pressure

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also for a for a more debash
stance, so you know, it doesn't

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help it. It's a you know, pre election year, and then a

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lot of stuff is going to happen
over the next you know, fifteen months,

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all right, So we're heading for
stagflation. In other words, I

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would say that stagflation is kind of
the base case and probably the most worrisome

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case. At the same time,
we're in this scenario where growth is definitely

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muted and lation looks like it's going
to remain elevated. And so you know,

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if we look at well, what
does that mean for markets in general?

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Generally speaking, if we're looking at
the broad stock market, that means

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we're probably going to be stuck in
a range for a while. And I

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think we're at the top of the
range right now. So everyone might argue

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that AI is going to save us
all. But when AI doesn't come through

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in six months like everyone's anticipating,
I think that we're we're going to be

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disappointed. And so you know,
the flexibility and probably keeping your eye on

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commodities is probably a good stance here. All right. Has anybody asked AI

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what you should be doing here investment
wise? What is Chat GPT latest investment

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advice? You know? The funny
thing about that is they recently actually just

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launched at Chat and GPT like bought
portfolio that buys twenty stocks. I think

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it's twenty stocks and eleans is weekly
and that it's it's it's holding a lot

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of technology right now. I took
a glance at it just to see,

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you know, out of curiosity and
and so you know, like it didn't

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hold in video. I went in
video blew up though, So it definitely

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can't see the future. All right. So where do we find this AI

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portfolio? Well, you know,
there's there's different ways to find it.

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The the AI portfolio that I'm referring
to is uh, something that was that

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CNBC was actually promoting through an app
called Autopilot that you can kind of jump

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on and see what it's doing.
Um, you know, and I think

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that there's gonna be a lot more
of that. We're going to see a

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lot of more like AI, at
least influenced portfolios. I know that that

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tactive. We're interviewing like different AI
companies to say, hey, like,

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is there some way that maybe we
can add some type of AI derivatives too

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a model portfolios. So if you're
not at least exploring it, then you're

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falling behind. Yeah, so you
played around with it, you tested it

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out. Oh, I at least
like took a look. It lasted lasted

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the week before I said, no, this is this isn't for me.

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Uh, you know, I think
that you know, it's important to have

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inputs, and AI can serve as
a great input, but you still need

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someone to interpret those inputs. And
your interpretation of those inputs is going to

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be what's going to drive the success
of the portfolio or not. Uh.

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You know, mechanical works to an
extent, but there's a lot of other

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little things that can really mess up
the portfolio. If you trade at the

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wrong time, if you you know
how you trade what you do, if

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you're using limit orders versus market orders. So there's a lot of different things

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that even though the signal might be
right, the portfolio could be wrong because

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you just didn't do it right.
Ye. So so really, and you

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did it at the wrong time,
because that call might have been good for

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ten seconds right alone, good for
exactly and how many of us can just

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sit right there and hit the button. And then even if we hit the

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button, is it going to get
filled compared to the supercomputers that we're up

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against, And the answer is probably
not. So, you know, you

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to lean on good research inputs,
have a strategy, make sure that you

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have offit targets, make sure that
you have stops in place, protect yourself

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and just know that like the trend
is up, it's it's okay to lean

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in. And if it's not,
there's nothing wrong with the with with an

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account you know, invested in treasuries, it's earning five in a order right

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now. Yeah, so you should
take what you can get. Yeah,

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I think that, you know,
like, especially right now, we're definitely

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uh seems like we're a little bit
extended. We're near the top of a

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range. If stagflation does hold true
that you know, this range could be

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you know, this could be like
the upper limit for the next ten twelve

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years. Now. Obviously, if
it breaks through and runs, that's why

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you have profit targets, and then
that's why you have stops. If it

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rolls over and things go back down. You know, you get out and

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you wait for another buying opportunity.
So discipline is what drives success, you

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know, like in any investment strategy. And then you know, your ability

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to stick to your strategy regardless of
what's going on. I think that that's

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the thing a lot of investors have
a lot of trouble is you know,

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oh, this one's not working for
the last you know, six months,

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so we need to abandoned it,
right, And the picture is much bigger

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than six months, and we need
to remember that, especially when we're being

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when we're risk managing, right,
because at the end of the day,

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we're just trying to offer a superior
risk adjusted return. And what that means

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is is sometimes you know what,
we're gonna be wrong. Yeah, but

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that's okay, all right. So
I mean, should you be in the

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market at this point? It's always
said that stocks climb on a wool of

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worry, right, Yeah. I
don't think there's any issue with being in

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the market. I think it's just
having an investment strategy with an exit strategy,

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whether it's on the upside or the
downside. You you know, like

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making sure that you have a plan
that you're following the now. I wouldn't.

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I wouldn't necessarily say say, oh
my gosh, like we should go

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all in right now in the specific
sector or anything. But I think,

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you know, volatility is around the
corner. I think it's been uted for

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a while now. Next year is
an election year, so there's they're playing

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the dollar cost averaging game. When
you're sitting in cash or sitting in treasuries

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at five to five and quarter or
five and a half to build a position

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over the next twelve eighteen months isn't
a bad thing. And if you're going

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all in, make sure you have
an exit plan. All right? I

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like that? All right, Eddie, it's always great having you on.

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So tell us where do we find
you? How do we connect with you

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on the web? Yeah, the
Indian Staying got to tactive wealth dot com

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slash Eddie Gifford. You know,
you could also just google Eddie Gifford and

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I'll be right there at the top
of the list. And you know,

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we're excited to talk to anybody who's
looking for a differing opinion of what you

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can do with your money out there. All right, Well, we need

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that. That's for sure, Hey, you've got a question for Eddie myself.

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K l at Kerryluts dot com is
the email. Make sure you go

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00:08:52,840 --> 00:08:56,559
over to the site Financial Survival Network
dot com and sign up for a free

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00:08:56,559 --> 00:09:01,360
newsletter and you can click right through
to Eddie's Eddie, We'll be talking to

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00:09:01,399 --> 00:09:03,159
you again next month and see what
they've got in store for us. Then,

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00:09:03,279 --> 00:09:05,799
so's we got to appreciate Carry.
You have a good one. Thanks

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00:09:05,799 --> 00:09:13,200
for listening to Carry Lenz's Financial Survival
Network your solution to today's trying times.

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00:09:13,519 --> 00:09:18,000
For the latest, go to Financial
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