Speaker 1: Here we are now, clarity is inside forty eight hours.
Speaker 1: Let's break it all down for you because there are
Speaker 1: some things happening that you want to pay attention to.
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Speaker 1: into the final hours, you can go to the chart
Speaker 1: right here and of course that means two days are
Speaker 1: left and we are rolling into what might be actually
Speaker 1: the Senator's staying over in the weekend. There's a few
Speaker 1: people anticipating that that might happen, and this is where
Speaker 1: maybe the vote will occur. If you look at what's
Speaker 1: going on with polymarket right now, it has actually plummeted
Speaker 1: all the way down to a fifteen percent chance. And
Speaker 1: I think this is where everybody's hopes are right now.
Speaker 1: Let me know what you guys think though. Are you
Speaker 1: still in the camp that maybe this gets through the
Speaker 1: Senate and this is just maybe in a position where
Speaker 1: everybody is wrong.
Speaker 2: Let me know down in the comments.
Speaker 1: All right, So remember that we're trying to figure out
Speaker 1: why Thune hasn't put this on the schedule. To get
Speaker 1: the vote, we have to continuing the resolution that essentially
Speaker 1: is in play right now. That would be the first
Speaker 1: thing that has to get done in terms of order
Speaker 1: of business. So the CR would explain why Thune did
Speaker 1: not file the cloture and the motion to proceed on
Speaker 1: the Clarity Act yesterday, and of course today is what we're.
Speaker 2: Watching right now. So this is still it now.
Speaker 1: Granted that the CR will be a quick vote most
Speaker 1: likely kind of the rubber stamp that we anticipate for this,
Speaker 1: but it would mean that at least this would.
Speaker 2: Give Thoon the green light.
Speaker 1: And if you look at a couple of the points
Speaker 1: right here the Senate dem this of course coming from
Speaker 1: Cynthia Lamas saying that all of these Dems need to
Speaker 1: think hard before killing this bipartisan Act. And of course
Speaker 1: she's pointing very hard right now at the Democrats and
Speaker 1: maybe putting them in a position of defense. Now, does
Speaker 1: that mean that we do have some potential here where
Speaker 1: some of these Dems might actually flip if a vote
Speaker 1: does go to the floor, Because that's still the other
Speaker 1: aspect is that if it does make it to the floor,
Speaker 1: does and do we have enough of the Dems to
Speaker 1: be able to make it to an actual passage? And
Speaker 1: do we retain enough of the Republicans. So those are
Speaker 1: the things we're a little bit concerned with. I want
Speaker 1: to play Lummis's clip here because she's talking about this
Speaker 1: extension into the weekend.
Speaker 3: Take a look where does it stand right now?
Speaker 2: When we were together the last time, you said you're.
Speaker 4: Hoping that you could actually get.
Speaker 5: This passed before you all leave for recess, which is
Speaker 5: supposed to be this Friday.
Speaker 6: Maria, I don't think we'll be leaving on Friday. I
Speaker 6: think we'll go into the weekend. There are other bills
Speaker 6: in addition to the Clarity Act that we need to
Speaker 6: take votes on before we leave for the August recess,
Speaker 6: and Clarity is one of those bills. So I do
Speaker 6: believe that we will get a vote on the Clarity
Speaker 6: Act and get people on the record. After eleven months
Speaker 6: of negotiating with Democrats and adding three hundred plus pages
Speaker 6: to the bill at their request, it's just time to
Speaker 6: get people on the record.
Speaker 1: Even though she says the weekend the next forty eight
Speaker 1: is really kind of the key of being able to
Speaker 1: get this through because obviously that's going to be pushing
Speaker 1: this into at least the vote element of going into
Speaker 1: the Senate. So the next two days still very important
Speaker 1: on how this goes forward. The other thing that could
Speaker 1: play into this is that and why people might be staying.
Speaker 2: Over is that they need a win. Senators are going
Speaker 2: to need to win.
Speaker 1: Going back to their communities and be able to say, hey,
Speaker 1: this is what we got done. And this of course
Speaker 1: will of course carry over into what could be happening
Speaker 1: in the midterms as well. Let me play this clip
Speaker 1: for you.
Speaker 4: A growing group of Republican Senators are all gained to
Speaker 4: skip VAK entirely and stay in that swamp for the
Speaker 4: foreseeable future.
Speaker 7: How caie tell you how many meetings I've been in
Speaker 7: in the last six months that should have been an email?
Speaker 7: Got to vote, and we need to vote right now.
Speaker 7: And if there's a motion to have us remain here
Speaker 7: until we get our work done, I'm going to vote yes.
Speaker 8: I'm very willing to stay till hell freezes over and
Speaker 8: think that we should put the Democrats on the record
Speaker 8: and vote for them one at a time.
Speaker 4: Fact, there are quite a few hot topics Republican senators
Speaker 4: can spotlight during their summer breaks, and it looks like
Speaker 4: the economy should be on top of that list.
Speaker 9: So the first time in a decade, Democrats are eking
Speaker 9: out Republicans when it comes to who Americans trust more
Speaker 9: on the economy, and.
Speaker 4: Fox News polling paints a similar picture, with Democrats scene
Speaker 4: as favorable by nine points and ten points when it
Speaker 4: comes to inflation and prices.
Speaker 9: I'm confused. Does staying really just become a gesture at
Speaker 9: that point, or is there really a path to passage?
Speaker 5: Later tonight, We're going to pass the next step for
Speaker 5: the CR to avoid a government shut down. We have
Speaker 5: bills like the Crypto Bill, a big piece of President
Speaker 5: Trump's legacy on that front of count me in the
Speaker 5: list of a growing number of Senators who are willing
Speaker 5: to stick around here all August long to get all
Speaker 5: of that done if that's what it takes. But I
Speaker 5: don't think that's what it takes. I think we can
Speaker 5: pass all of these bills this week.
Speaker 1: All right, So maybe it is virtue signaling on trying
Speaker 1: to get this done, because I think this is the
Speaker 1: kind of the situation that Republicans are facing right now,
Speaker 1: is that they look as though they haven't able to
Speaker 1: get anything done. So that still will be a major
Speaker 1: factor going forward.
Speaker 2: All right.
Speaker 1: So you can kind of see some of the fud
Speaker 1: campaign that will continue to push into.
Speaker 2: This clarity vote.
Speaker 1: You saw it there with Warren going after Trump's mean
Speaker 1: points and proposing this to the SEC.
Speaker 2: I doubt that would happen.
Speaker 1: The other point, you've got Brenda Peterson kind of hitting
Speaker 1: on the Wall Street Journal out there, which was an
Speaker 1: editorial board. I'll talk about this in a second, which
Speaker 1: was talking about the Senate bill to regulate digital currency
Speaker 1: and that this would not necessarily be a good thing
Speaker 1: because of illicit finance. This has been one of the
Speaker 1: things that it has kind of propped up over the
Speaker 1: last really three or four days, just some of the
Speaker 1: things that were happening around the analysis on the Wall
Speaker 1: Street Journal opinion piece right there. You have another one
Speaker 1: right here, and it's only going to continue to get worse.
Speaker 1: I'm going to go to a clip because there are
Speaker 1: some things also that are happening in the market where
Speaker 1: many of the fintech industry is starting to move forward.
Speaker 2: Clarity or no clarity. Let me play this clip.
Speaker 6: There is news here.
Speaker 10: You're offering tokenized deposits, and I want to know what
Speaker 10: competitive edge does this give you?
Speaker 3: Are you just trying to get ahead of customer demand?
Speaker 2: I know that JP Morgan has talked about it.
Speaker 11: You're ready, Yeah, listen.
Speaker 8: I think when you look at all the banks, we
Speaker 8: all recognize that tokenization and blockchain technology is real. We've
Speaker 8: been saying that for a long time. You know, you've
Speaker 8: got those outside the bank and space saying they're the
Speaker 8: only ones doing it. The banks don't get and that's
Speaker 8: just not true. We're all embracing it, we're all building solutions.
Speaker 8: This is an example of we're going to be doing
Speaker 8: starting in the fall and then expanding into twenty seven.
Speaker 1: All right, So that was of course CEO over at
Speaker 1: Wells Fargo way behind the eight ball in terms of
Speaker 1: trying to get something done on the blockchain and especially
Speaker 1: for digital assets.
Speaker 2: Wells Fargo is so far behind.
Speaker 1: More perfect fud coming in from more perfect Union, and
Speaker 1: they're kind of pushing it in the sense of the banks,
Speaker 1: the big banks, in other words, that would now pushing
Speaker 1: the bill clarity to let them invest your retirement savings
Speaker 1: in crypto, even though these banks are already investing in
Speaker 1: crazy things regardless. So I think this is just the
Speaker 1: example of the fud that we will continue to see
Speaker 1: here on Thursday and Friday as this get starts to
Speaker 1: get very.
Speaker 2: Narrow on the vote.
Speaker 1: The other things that could play into this is is
Speaker 1: the market in a bottom. Are we finally at that
Speaker 1: point where everybody has capitulated, where everybody is exhausted with
Speaker 1: the market. Well, let's go take a look at Kramer.
Speaker 2: I have some crypto.
Speaker 3: Should I be more careful I think.
Speaker 12: That you should give yourself three or four years, and
Speaker 12: at that point I would get rather patronoid about it.
Speaker 3: Really, four years, that's not that long.
Speaker 12: No, that's not that long, low boy, Noah, I realize
Speaker 12: some way, and ethereum not really, maybe even worse.
Speaker 5: So I think that people have to take this man
Speaker 5: seriously because they're doing commercial quantity.
Speaker 7: Now, there'll be people have been and you say, look,
Speaker 7: I don't know what you're talking about, Jim, you don't
Speaker 7: know anything.
Speaker 3: I don't have to know anything. I asked the questions.
Speaker 5: I think you can answer me.
Speaker 6: Arvin.
Speaker 5: Christian knows quantum incredibly, he knows he knows bit point
Speaker 5: in quantum.
Speaker 4: And I'm good at sell mine.
Speaker 2: You are, Yes, that's really just on what he said.
Speaker 12: Well, he's the man.
Speaker 2: He's a man, all right.
Speaker 1: So there he's the man. Well he's selling bitcoin and
Speaker 1: ethereum now. So I think it's the perfect time, the
Speaker 1: perfect time to go over and follow in versus Kramer
Speaker 1: what you.
Speaker 2: Guys should do right now?
Speaker 1: Because this is kind of a good parody on some
Speaker 1: of the bad calls that we have seen coming out
Speaker 1: of Kramer. It's kind of interesting. Sometimes he actually says
Speaker 1: a few things that are pretty smart, but then he
Speaker 1: backtracks off of these as soon as he gets a
Speaker 1: little sign of trouble. So just interesting points right now. Now,
Speaker 1: that is not what the rest of the market thinks.
Speaker 1: And Tom Lee, of course, the perma bull that's out there.
Speaker 1: He thinks that we are going to start to see
Speaker 1: more correlation to some of these maybe the big players
Speaker 1: within Wall Street that will.
Speaker 2: Get affected by this. And he's talking about Robin Hood.
Speaker 13: Take a look, Okay, I think the crypto bear markets ended.
Speaker 13: So to me, you know, three months from now, I
Speaker 13: actually think you're going to see a lot of growth
Speaker 13: in crypto trading. But there are some things investors are
Speaker 13: waiting for, like the Clarity Act. We have to keep mind,
Speaker 13: like when analysts set price targets, they're probably looking twelve
Speaker 13: months ahead. We're thinking three years, five years ahead. So
Speaker 13: to us that one twenty number, I mean, first of all,
Speaker 13: it only really takes you back to where it was
Speaker 13: a few months ago. So I think those are pretty
Speaker 13: reasonable targets. But you know, we would expect the stock
Speaker 13: to be much higher over the next three to five years.
Speaker 1: All right, So what he is talking about there is
Speaker 1: Robinhood in the one hundred and twenty dollars price zone,
Speaker 1: which was back here around early July. He saw that
Speaker 1: clip of one eighteen. But let's remember, guys, that Robinhood
Speaker 1: topped out right there at about one point fifty.
Speaker 2: And this is all.
Speaker 1: Prior to many of the advancements that Hood has done.
Speaker 1: And I know many of you say, well, hey, some
Speaker 1: of the robin Hood chain activity has started decline, but
Speaker 1: they're continued services.
Speaker 2: I think in general crypto has kind of had that issue.
Speaker 1: But I want to play another clip here by him,
Speaker 1: because now he is targeting Robinhood as the winner. I mean,
Speaker 1: based on his analysis here, they would be the winner
Speaker 1: coming out of all things clarity.
Speaker 2: Take a look.
Speaker 12: The largest financial company in the world right now is
Speaker 12: JP Morgan nine hundred billion dollar market cap. In ten years,
Speaker 12: how large is the largest financial company in the world.
Speaker 13: The largest financial service company ten years could be the
Speaker 13: size of a MAG seven today.
Speaker 12: And well, if I'm thinking about the size of MAG
Speaker 12: seven's in ten years, I think it might be ten
Speaker 12: trillion dollars just to get into the club.
Speaker 13: Correct one of these companies now, it could be JP Morgan,
Speaker 13: it could be robin Hood will be a MAG seven.
Speaker 12: You know, and ten trillion is the entry price into
Speaker 12: that club. That's one hundred x from here for Robinhood.
Speaker 13: So actually it should do better than one hundred x
Speaker 13: because the number of shares could be lower.
Speaker 2: Wow, that just blows my mind. One hundred x. You
Speaker 2: look at and think about this too for a second.
Speaker 1: And that is, and we've talked about this many times
Speaker 1: here on the show, is there is a major shift
Speaker 1: in where money is coming from. And what I'm talking
Speaker 1: about is boomers are starting to move that capital into
Speaker 1: their next generations within their family. That means that we
Speaker 1: are going to see a next generation boom and that
Speaker 1: most likely will come from the millennial crowd, and eventually
Speaker 1: that makes its way into Gen Z. And I think
Speaker 1: this is the potential here in the next ten years
Speaker 1: of seeing just a whole retracement of how finance is
Speaker 1: going to be done at Wall Street and Robinhood courses
Speaker 1: in the right place, spot at the right time to
Speaker 1: make all this happen. One last clip from Tom Lee
Speaker 1: about RWA's because he's talking about it in a way
Speaker 1: that maybe you would not expect.
Speaker 2: Take a look, what do.
Speaker 12: You think is the first thing that normal people will
Speaker 12: buy that will make them go, holy smokes. This is
Speaker 12: really interesting and novel and probably not possible without crypto.
Speaker 13: You know. One of the simple things is to say, well,
Speaker 13: what are the largest markets? So public equities are huge,
Speaker 13: bonds are big. Real estate's a natural market. But just
Speaker 13: because these are large, liquid markets, do they have to
Speaker 13: be token. It's because if they're already large and liquid,
Speaker 13: what's the benefit. I think those do benefit from twenty
Speaker 13: four to seven trading, just the way oil trading is.
Speaker 13: A perpetual has become very popular for hedge funds over weekends.
Speaker 13: But there may be a hybrid market in future created
Speaker 13: that uses RWA coupled with either prediction markets or perpetuals
Speaker 13: that creates a liquid market for some thing that people
Speaker 13: thought wasn't ever liquid. So there may be something today
Speaker 13: that we didn't think was even a liquid market, but
Speaker 13: we'd always love to know if it was a liquid price.
Speaker 1: And what he could be alluding to there, of course,
Speaker 1: is the collector markets. We've had a couple of videos
Speaker 1: on this very topic here just in the last couple
Speaker 1: of days.
Speaker 2: You guys said, probably go check it out.
Speaker 1: But I think the point he's getting at this is
Speaker 1: going to open up an opportunity here for a lot
Speaker 1: of what has been ill liquid in the past to
Speaker 1: something that will I think start to move into mainstream.
Speaker 1: So get ready, guys, we could see some very intriguing
Speaker 1: changes in the near future. Speaking of something a little unusual, well,
Speaker 1: you got to go over and look at what unicewap
Speaker 1: is doing. Yeah, this is a landing page at pools
Speaker 1: dot trade if you guys want to go visit it.
Speaker 2: One thing that's.
Speaker 1: Happening right now, of course, is unicewap is in the
Speaker 1: process of deploying something big. Now, this could be correlated
Speaker 1: to clarity, it could be correlated to just something that
Speaker 1: is unicewap ask in the sense of the way they
Speaker 1: do things. You had to aid hidden Adams right there,
Speaker 1: going to be another hour.
Speaker 2: Appreciate the patient, stay tuned.
Speaker 1: We anticipate some pretty big announcements within that, and that
Speaker 1: of course means good things for DeFi in general.
Speaker 2: I want to go to a clip because this.
Speaker 1: Will get into why uniswap might actually be the trade
Speaker 1: right now in crypto.
Speaker 2: Take a look.
Speaker 10: Look, I think that's I think that's probably the easiest
Speaker 10: trade right now in crypto. Many of those assets are
Speaker 10: extraordinarily small right. UNISWAP is a global brand that is
Speaker 10: on a circulating supply basis, a two point seven billion
Speaker 10: dollar asset. It's improving its tokenomics. There's a reason why
Speaker 10: it had poor tokenomics because under Gensler you couldn't capture
Speaker 10: any value. They've shown the ability to throw a fee
Speaker 10: switch and aggregate a portion or arrogate a portion of
Speaker 10: the fee activity to the chain itself. I think that's
Speaker 10: that's like a pretty It's aligned with a lot of
Speaker 10: things that are going right right now, real world assets,
Speaker 10: integrations with large financial partners, improving regulatory status, improving tokonomics,
Speaker 10: a revenue driven meta. There is demand for those sorts
Speaker 10: of assets.
Speaker 1: And if you look at the UNISWAP chart, I'll bring
Speaker 1: that up real quick here.
Speaker 2: Actually, let me pull up.
Speaker 1: Yeah, here we go, UNISWAP chart still holding it around
Speaker 1: four thirteen, but up quite a bit off of the
Speaker 1: floor here at around two thirty eight. So this has
Speaker 1: been something we've been watching pretty closely, and we've had
Speaker 1: Matt on a couple times to talk specifically about where
Speaker 1: UNISWAP is going. But it is definitely a good indicator
Speaker 1: here as we start to roll into maybe where the
Speaker 1: bottom of this market is heading and when you think
Speaker 1: about the bottom of the market, you have to think
Speaker 1: about is bitcoin at the bottom? While you've got Strategy
Speaker 1: out here doing some new strategic moves here, and they're
Speaker 1: going to be matching US government's seed contribution for newborns
Speaker 1: of US employees, So they're going to add another two
Speaker 1: hundred and fifty to every year to Trump's accounts for
Speaker 1: every eligible child under eighteen. I think this is good
Speaker 1: in general, but when you look at the situation of
Speaker 1: where strategy is, and if you look at Stretch, it
Speaker 1: is actually kind of recovered up to ninety three. So
Speaker 1: Peter Schiff may have been wrong on this, and maybe
Speaker 1: Sailor was right, or is it too early to tell.
Speaker 1: Would you still possibly go into stretch or not put
Speaker 1: it in the common stand below. I'm kind of interested
Speaker 1: in what you guys would be saying on that point.
Speaker 2: Other things that I want to hit on.
Speaker 1: Of course, you have this happening right now, which is
Speaker 1: the Trump administration saying they're going to refund one hundred
Speaker 1: billion in tariffs.
Speaker 2: This, of course is after the Supreme Court ruled them illegal.
Speaker 1: The money is going to be going out to a
Speaker 1: lot of companies, and this I think is probably going
Speaker 1: to upset consumers a lot, and I think it's going
Speaker 1: to upset them in the midterms when they see this,
Speaker 1: because this is timing right now is not good for Republicans,
Speaker 1: and I think this is going to force some pretty
Speaker 1: big issues in general. Here's a clip on this and
Speaker 1: the nightmare that is ensuing.
Speaker 2: Take a look.
Speaker 11: Here's how we're getting today. On recent earnings calls, executives
Speaker 11: at major food and consumer goods companies openly admitted to
Speaker 11: investors that they are using the refund checks to pad
Speaker 11: their profit margins and offset inflation, rather than lowering prices
Speaker 11: for shoppers. Nice huh. Apple is claiming two point two
Speaker 11: billion of the refund They're pumped and celebrating what CEO
Speaker 11: Tim Cook said was its strongest June quarter ever.
Speaker 14: Amazon received about six hundred million dollars in tariff refunds.
Speaker 14: Amazon says it plans to pass that money back to
Speaker 14: customers whenever it can determine a specific purchase included those
Speaker 14: extra import.
Speaker 11: Costs, whatever that means.
Speaker 14: Walmart, Costco, Home Depot, and General Motors. Those companies have
Speaker 14: not gone as far as Amazon yet in terms of
Speaker 14: committing to pass some of those refunds onto consumers.
Speaker 11: Translation, we're going to do whatever the we want with
Speaker 11: this money.
Speaker 12: Walmart around ten billion, Nike around one.
Speaker 11: Billion, assuming the government to get theirs and the people
Speaker 11: are assuing Sony to get theirs. Who do you think
Speaker 11: actually deserves a terror free fund? And you think it's
Speaker 11: okay that Sony's effectively double dipping.
Speaker 5: And Apple specifically just came out and said that they
Speaker 5: were going to raise prices again.
Speaker 3: So we paid the corporations twice twice. A dividend of
Speaker 3: at least two thousand of person, not including high income people,
Speaker 3: will be paid to everyone. Remember that Howard Lutnick, who's
Speaker 3: the US Secretary of Commerce, made hundreds of millions of
Speaker 3: dollars buying shorts against the tariffs. He bets that the
Speaker 3: tariffs would be found illegal and they would be refunded.
Speaker 1: All right, So the optics, as you guys can see,
Speaker 1: is not good. I think in general, this is going
Speaker 1: to blow up in the face and the midterms is
Speaker 1: this is going to get a lot of people upset,
Speaker 1: especially as we continue to see the performance of many
Speaker 1: of these major corporations in their profit lines. Because that
Speaker 1: when you look at earnings right now, and it's been
Speaker 1: kind of the earnings pump that we've looked at in
Speaker 1: the market.
Speaker 2: This is going to get nasty in general.
Speaker 1: Let's talk about this right here, and that is the
Speaker 1: US has removed the Iranian related sanctions from the Treasury's website,
Speaker 1: So that means maybe a deal because this is something new,
Speaker 1: Maybe this is truly a deal that is in the works.
Speaker 1: Even though we pointed this out the other day, is
Speaker 1: that Tehran actually said, hey, we're not going to sign
Speaker 1: any agreement under US military threats, so under no durests.
Speaker 1: And that was, of course back to the point that
Speaker 1: I said, you know, you can't give these guys a deadline.
Speaker 1: I think this is a situation you just try to
Speaker 1: walk away from and maybe a deal happens. Much like
Speaker 1: mini business deals, sometimes the fatigue of negotiation sours the
Speaker 1: deal and at the very last minute somebody is willing
Speaker 1: to walk away and then a deal is made. So
Speaker 1: it's one of those situations that needs to be done.
Speaker 1: The question is is when and how. The other point
Speaker 1: you have to look at is a lot of that
Speaker 1: tariff money starts to translate into inflation. Those inflation numbers
Speaker 1: start to translate into earnings, and that simply.
Speaker 2: Means one thing.
Speaker 1: The S and P five hundred continues to fly, So
Speaker 1: all these major corporations are absolutely in the green in
Speaker 1: terms of earnings, and also now with what we're seeing
Speaker 1: around just an explosion along many of the top five
Speaker 1: hundred companies out there that are continuing to perform against
Speaker 1: the market regardless of what's happening. Here's the diversience right
Speaker 1: now though in bitcoin, and whether you think this is
Speaker 1: the bottom or not, this is as far as has
Speaker 1: it ever been, and that is a catchup trade.
Speaker 2: Will it happen at some point?
Speaker 1: At some point, yes, the question is when and how
Speaker 1: much does the S and P continue to move, because
Speaker 1: if Bitcoin cannot correct, it should see parabolic moves against
Speaker 1: something that is essentially inflation driven in the short term.
Speaker 2: Here, of course, was.
Speaker 1: Michael Berry out there saying, hey, the stock market is
Speaker 1: approaching a major top and a possible nineteen eighty seven
Speaker 1: like crash. This was a bad deal in nineteen eighty
Speaker 1: seven for you guys that weren't around. We are talking
Speaker 1: about one of the worst eras around the future of finance,
Speaker 1: and that was what we saw in nineteen eighty seven
Speaker 1: and what that means for the market right now.
Speaker 2: I did a poll asking people.
Speaker 1: If they thought that was even close about three hundred
Speaker 1: almost four hundred votes right now.
Speaker 2: And people are agreeing that Bury might be right here. Now.
Speaker 2: I don't know what do.
Speaker 1: You guys think in the comments, because this is a
Speaker 1: right now, sixty five percent saying they're expecting this kind
Speaker 1: of pullback. Tomley kind of mentioned this a little bit
Speaker 1: a few months ago, and then here recently he talked
Speaker 1: about this not necessarily being as big of a pullback
Speaker 1: and maybe we are in preparation for an actual market correction.
Speaker 2: To the upside.
Speaker 1: So it is mixed signals coming out of Wall Street,
Speaker 1: for sure. One mixed signal that you have to take
Speaker 1: a look at is the Socks is of course of
Speaker 1: the sem Conductor index, And if you go in and
Speaker 1: look at the chart right here, you can kind of
Speaker 1: see the movement. Right now, Simmons is moving with Silver
Speaker 1: Socks pretty much in place. Whether this is going to
Speaker 1: be just a high or low, or if it's an
Speaker 1: actual correction in the market is still yet to be determined. Remember,
Speaker 1: you've got a lot of things happening right now in
Speaker 1: the Asian markets trying to adopt and redistribute supply chain
Speaker 1: because of the challenges that may come under sanctions and
Speaker 1: possibly even control of some of these semiconductor products. So
Speaker 1: I think that may play into it as well. For semiconductors.
Speaker 1: It's still trade I would be very cautious with overall.
Speaker 1: But while you're looking at that, well, there's more money
Speaker 1: than ever sitting on the sidelines, and that's eight point
Speaker 1: three trillion now setting in money market funds. This is
Speaker 1: another all time high. We've seen this multiple times over
Speaker 1: the past twelve months. I was surprised when we started
Speaker 1: to clip in twenty twenty four above that six and
Speaker 1: a half trillion. That's how much we have gained now.
Speaker 1: Part of this, as I said, could be inflation driven.
Speaker 1: Everything's going up, so the value of your money or
Speaker 1: how much money you have because of the inflation itself,
Speaker 1: is going up, but also the amount of companies that
Speaker 1: are out there making money, which is probably looking at
Speaker 1: some liquidations. What I don't get is why we aren't
Speaker 1: seeing the S ANDP adjusting for liquidations coming out of
Speaker 1: some of those stock portfolios that are driving these money
Speaker 1: market portfolios. So no matter what guys tune in for
Speaker 1: the next forty eight hours. If you haven't been watching
Speaker 1: us consistently, now is the time because this next forty
Speaker 1: eight I anticipate more FUD. We're going to see more
Speaker 1: strategic moves coming on both sides of the aisle, and
Speaker 1: I think it's going to boil down to a handful
Speaker 1: of things that may end up in this bill that
Speaker 1: we really need to pay close attention to. So stay
Speaker 1: tuned right here. If you like this video, like and subscribe,
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