About this transcript: This is a full AI-generated transcript of CPI INFLATION FLAT! OIL INFLATION SHOCK MARKETS?! — LIVE TRADING from Beginner Trading, published August 12, 2026. The transcript contains 33,631 words with timestamps and was generated using Whisper AI.
"Thank you. Okay, guys, so we are here today. It's a beautiful day. Hello. It is CPI inflation day to day. We got different news stories coming out regarding Hormuz that are moving markets earlier. Energy prices rose and the Nasdaq dipped. As an Iranian source suggests, there are no current talks on"
[00:00:00] Speaker ?: Thank you.
[00:00:30] Speaker 1: Okay, guys, so we are here today. It's a beautiful day. Hello. It is CPI inflation day to day. We got different news stories coming out regarding Hormuz that are moving markets earlier. Energy prices rose and the Nasdaq dipped. As an Iranian source suggests, there are no current talks on extending the Iran ceasefire. Brent went up. Oil went up. The Nasdaq went down. You can see that news came out right here. And you can kind of see it wasn't necessarily a small move, but not a crazy big move. And we honestly reversed back up and then we're dipping back down here. But yeah, more doubts about whether we're actually going to get a ceasefire. We did have more news. Nebius is also supposed to report earnings pretty soon. But essentially, they said there is no ceasefire start date. There is nothing to extend. They said the U.S. violated the interim pact 48 hours after it, discussing U.S. return to the memorandum of understanding the MOU, defining the time frame, and absolutely no progress has been made, is what they say. And so again, oil reacted positively to this, obviously. Oil jumped. Nasdaq dipped on this news. And today we have CPI inflation data. It's a big day. It's a big week. Honestly, tomorrow we have PPI inflation data. And then Thursday, or then Friday, I think we have retail sales. So what's up, chat? How are you guys doing today? Let me say hello to everybody. Also, guys, Brent is here, by the way. They were like, Brent ran off to Mexico. They said, Brent, you know, took a tube boat out into the Gulf. Nobody saw him, but he is actually here today. He is.
[00:02:28] Brent: What's up? Good morning, everybody.
[00:02:29] Speaker 1: Brent is here. Ava. What's up, Ava? Good morning. Zeke, Mega, SpaceX Bull, Killing Frenzy, HBK, Deshaun, Ashun, Kirst, Edson, Tally, Old Hack, Mr. Emanuel, VA, Womble, Squirrel, Kairos, Lang, Glassman, Nessafull, Tubura, Tubura, I'm sorry if I mispronounce that, Ali, hello, UE, Noob, Gecko, Ace, Josh, Jonathan, Trebek, Darkage, Crank, Pav, Knights, Rooftop, Exotic, Troy, Todd, No Problem, So, Brent, Serenity, Char, did I get everybody? Yeah, yeah, yeah, Gman, what's up, dude? Zach, Daniel, UM, Bull Market, Taco, let me keep going here. Pew, hello, Pew, Saza, Rack, Bruno, David, Melody, Old File, Brian, Stoic. You guys have some hard names to pronounce here. I'm struggling. I'm trying to pronounce y'all's names, but basically, get better names here, guys, is what I'm saying here. You know, you can quote that. John says to change your name. And I said, Brian, what's up, dude? Walking POV. ML. Good morning, guys. It's CPI Inflation Data. Does CPI, I've been up since 5 a.m. Drinking Coffee. My wife made the coffee last night because my kids start school today, and it tastes like straight-up sludge today, bro. I sip it, and my face curls a little bit every time I sip this coffee. But it is CPI Inflation Day-to-Day. You can see the impact of that statement regarding no ceasefire on oil. Oil jumped up here. It's still slightly elevated. It's still elevated over this week. We have 83.40 a barrel WTI crude oil this morning. We had core weave earnings yesterday, and core weave earnings did go well. Core weave is up big. We also had super micro, semiconductor earnings that went well. They are up. Also, Nebius is supposed to release their numbers sometime here. I don't see their numbers anywhere, but we did see a jump back here at like 3 a.m., so let me check the tape around 3 a.m., but I don't see anything from Nebius yet. And we'll see what happens today for CPI. Do we have higher inflation data today? We also had other quotes that an Iranian army official says Iran intends to maintain control and oversight over the strait as a key source of its geopolitical power. The Pakistani foreign minister said, As a mediator, we remain optimistic, not discouraged by escalations. And again, Pakistan's foreign minister spokesperson said, The U.S.-Iran 60-day MOU deadline is approaching. Deadline can be extended. We are not closing the chapter, they said. Hope the parties return to dialogue. So more escalation essentially overnight. And yeah, we had a lot of stuff here. A lot of numbers in AI. CoreWeave jumped. They beat and raised. Supermicro semiconductors rose on revenue outlook going up. Oracle plans further job cuts as well. SK Hynix gain on an investment report and more this morning. But yeah, what do you guys think we get today for? Oh my, it's not bad coffee, G-Man. G-Man says, oh man, bad coffee the first thing in the morning would ruin my day. It's not bad coffee. Honestly, it's strong coffee is what it is. Carol, when she makes the coffee, you know, they give you guys an estimate like, hey, put, you know, put one scoop per cup in there. Carol probably throws two and a half scoops per cup. And so when I drink the coffee, it's bitter. And so it's not bad. It's just strong coffee. I guess that's what I'm saying. But yeah, today we have the CPI report for July. If you look at oil in July, in July, oil went up and it's kind of stayed up. I mean, it went down for a little while, but here is the month of July. Let's show you guys the month of July here. Here's the month of July right here. So this is the month of July, basically right here. And you can kind of see what oil did in this month. So month of July started about here. And in July, oil was elevated. This is the opposite of what we saw in June. And in June, we saw inflation cool a little bit versus expectations. Here is the month of July. And so oil was up in July. And so because of that, they are expecting a slightly lower than expected print on year over year data year over year is expected at about 3.4%. But month over month data is jumping up relative to what it was last time. Last time, month over month data for CPI was negative. It showed up at negative 0.4% last time for headline CPI. Today, they are expecting a positive 0.1%. So they are expecting it to heat up a little bit month to month. Core is also expected to jump up month over month at 0.2%. Last time it was flat at 0%. Year over year data is expected to decrease a little bit at 3.4% on the year and 2.5% for core on the year. But the month over month reading is expected to jump up a little bit, probably from the effects of higher oil prices in that specific month. Although there is a lag. But still, CPI lie. If I can't run my coffee, I'm not interested. Yeah. Is Burry alive? Burry is probably still loving life, I think, here, honestly. Burry got insured at MU at what? Like 1060? It's at 880s. It's at 800s right now for MU. He got in NVIDIA. He might not love life on NVIDIA. He's about $20 down a share, which is about 10% of NVIDIA. So if he got in at 190s or whatever it is, and NVIDIA's at 220s, that's $20 basically a share higher. That's about 10%. He might be down 10% on NVIDIA. I think he's still pretty green on Caterpillar, though. I think he got in Caterpillar around the thousands. It's still at 850s. So he's still, you know, down.
[00:08:28] Brent: Or he's still green. All that stuff is still down from the last time I came on.
[00:08:32] Speaker 1: Yeah. I mean, memory's been back and forth, but it hasn't really been like MU hasn't really gotten back over 1,000. Here's MU right here. It just hasn't really moved. It's been up and down, but you can kind of see it started to slow, like stagnate a little bit in terms of direction here. So like we had some big movements at the end of July, and now we're just kind of going like this the last few days here. We're basically just chopping sideways over the last week or two for memory. We've gone up and down, and there's news. But remember, guys, today is inflation. And so I don't know if I've mentioned this today, but today is CPI inflation day-to-day. I might have said it once, at least once, maybe. Overall, a hotter-than-expected print would likely make hike expectations go up substantially. So if we have hotter-than-expected inflation today, gold should fall quickly, and the odds of a rate hike might go up substantially. Now, if we have a cooler-than-expected print today, the opposite might happen. Here's the rate odds. We're basically 50-50 split on rates right now. Right now, the CME watch tool is showing about a 48% chance that we raise rates next meeting in September, and about a 52% chance we pause rates in September. Now, my bias, even if we show up higher than expected, I think we're still probably going to pause. But it depends on how high we show up at. If we show up way higher than expected today, obviously that's going to substantially increase the odds of a rate hike. But I do believe there's still a dovish bias, at least with Warsh, and that has some influence because he's the chairman. Later on this month, we also have the Jackson Hole Symposium, which is a symposium where the Fed chairman generally speaks. So Warsh will be speaking around the end of this month in Jackson Hole. That might influence markets as well, since we don't have a Fed meeting until September. We also have retail sales. We have PPI. And PPI on Thursday, you know, PPI has been wild and swinging a lot lately as well. So again, do we have, I'm going to ask the chat this right now. What's up, Megan? What's up, Pugh? What's up, Michelle? What's up, Easy to Update? What's up, Todd? What's up, Chan? What's up, JViolet? What's up, Wolf? What's up, Supreme Leader? What's up, Alexis? Faye. Hello, Faye. K, how you doing, K? That rhymed, you know? Yeah, I'll just talk to Gilmore.
[00:10:49] Brent: What's up, everybody? Yeah, I'll be coming soon. I'm not actually, I'm not actually back, Nick. This is pre-recorded, you know? So.
[00:10:57] Speaker 1: Yeah. I stole Britt's image. And this is AI Britt right now. You hear there's, there's a pause between everything he says.
[00:11:05] Brent: Actually, I was never really gone. It's just, you know, I couldn't get a word in for a couple of weeks.
[00:11:09] Speaker 1: John was talking a lot. I just continuously talked for the last few weeks since I've been on vacation. And so, yeah, hey, you know, Britt just, he's been here. He just hasn't said anything. He boycotted it, really, is what he did. Proud to. I just couldn't get a word in. Yeah. But no, guys. Higher, lower than expected today. Month over month. I'm going to ask month over month. Again, we had Fed commentary. Hey, thank you, Gol. Appreciate the sub, my friend. Thank you, brother. Thank you, my friend. And, again, Warsh acknowledged that there's a tighter financial conditions situation going into, you know, this report. You know, we had weak July payroll. So, on the dovish end, we did have negative NFP data last Friday. So, payroll data came in negative last Friday. It showed up at negative, what was it, 33,000, 32,000, negative 30,000, maybe it was 34. But it showed up at a negative print on Friday last week, right? So, that pushes more in terms of economic weakness, which should decrease. And it did decrease the odds of a rate hike next meeting. But, again, we're heading into a situation where, you know, number one, there is, the Fed does give easing more priority than raising. And why is this? This is because if we start heading towards a recession, and the GDP print will be really interesting next time as well. But if we start heading towards a recession, we get really weak labor data consistently. One negative print's not going to freak people out. It's more of the broad trend. But if we get weak economics, the Fed, and we start heading towards a recession, the Fed is going to be more likely to focus and make the priority on the labor market side versus the inflation side. Because if we go into a recession, the Fed kind of has to super ease and maybe print to get us out of it. And then that would cause worse inflation anyway. And so, and we have had weak labor data. JOLTS was weak. Well, what else? ADP data was weak. NFP was really weak with other, like, 100,000 plus big revisions to the previous two months. So, yeah, we've had really weak labor data. It's not weak enough to where I say we're necessarily heading towards a recession. We'll have to see what GDP looks like because the recession is technically defined as two consecutive losing GDP quarters. And we haven't had one yet. So, but the last GDP was weaker than expected, I believe, as well. It's like 1.5. Is that right? I'll have to go back and look. Please, CPI confirmation, 3.3 today, bro. Morning, y'all. Good morning, everyone. What's up, Christian? Does CPI show up higher or lower? I see lower, lower. Is he going to talk about task force? Probably. Lower for fun. Much lower. Add polls. Lower. 3.3 today, bro. I don't hate 3.3 reading, to be honest. I'm going to go with, like, 3.5. I'm going to go with 3.5. I'm going to go 0.1% higher than expected, 3.5. Again, maybe I'm wrong. Who freaking knows? I'm going to go with 3.5. I have a pretty good record with CPI. But again, I don't know how I do because I just straight up guess the freaking number. I just blindly guess the number. I mean, it's an educated guess, but I just blindly guess the number. I don't know how I have such a good record of CPI guesses. Honestly, maybe I am, dude. Listen, maybe I am. You should partner up with Ms. Cleo. I should. You know, start doing a commercial. They don't even have commercials anymore.
[00:14:29] Speaker 3: No, no, I know.
[00:14:32] Speaker 1: I don't even know if the chat knows who Ms. Cleo is. The GOAT. You know, the, you know, the greatest of all time. Honestly, I wasn't sure if you'd remember her. Bro, I called her at least a couple of times. My parents got pissed because, you know, it was expensive. You were calling for like the answers to the math test, weren't you? Maybe how to figure out how to beat the boss in The Legend of Zelda or something. You know, if anybody knew, she knew.
[00:14:55] Brent: A worthy reason to spend $2.99 a minute. Yeah, for sure.
[00:14:59] Speaker 1: Back then, no internet, you know, maybe. Yeah. They say inflation is 3.4, but the cost of everything goes up 10% a year. Yeah, I mean, look. Yeah, you got to look. There's other inflation readings that you can get from this, but.
[00:15:17] Brent: All right. So. Also, I'm going to jump on the bandwagon and go with the chat and say, I think it comes in a little lower. A little lower? I have no, yeah, I have no reason for it. Just, you know.
[00:15:27] Speaker 1: If Brick gets this right, I'll never hear the end of this, dude. I will never hear the end of it. I'll try to look at Truflation data to see what they got to say. Let me log into my account here. Freaking code. They're making me send a code. I hate two-factor authentication. Like, bro, like, somebody's going to hack into my Truflation account. Like, dude, what are y'all going to get from it? You know, freaking ridiculous, dude. Like, oh, let's not let people hack into Truflation. Like, you need two-factor authentication for everything now. It's ridiculous.
[00:16:00] Brent: Like, this is completely unnecessary. I know, Lucid tried to make me set one up, but I'm locked out of Lucid anyway, and I have no idea why, because I saved my login information, and it still won't let me in, so.
[00:16:10] Speaker 1: Oh, wow. Lucid's a little bit more understandable. You don't want somebody going in there and taking your payouts, but, uh-uh. But, yeah. CPI lower for longer. I hate 2FA. Will the news be accurate? Will the BLS report be accurate? Will we get revisions as well? Again, today we are expecting 3.4%, 0.1% on the month. Last time it was 3.5%. Now, CPI doesn't really get revised like payrolls do. Payrolls get revised heavily. CPI gets revised much less. And we've had recent Fed commentary that's been hawkish. I mean, obviously, Kashkari was one of the dissenters. Hammock and Logan were the other two dissenters. And we also had non-voters like Schmidt and Musalum have also said they would have preferred a hike at the meeting. One of the big arguments among the hawks has been that gradual tightening now may reduce the risk of more aggressive action being required later. Uh, so that's one of the arguments. The data arguably carries even greater importance if the Fed continues to be reluctant on giving guidance as well here. So, uh, we'll see what happens here. We'll see what happens. Everybody's, I'm seeing most people across social media, across everything, betting on lower CPI today and saying that's going to benefit gold. And so maybe the wisdom of the crowd is here. Uh, I don't know. Sometimes I have two different paths whenever there's a broad consensus on something. Number one is do the opposite. You know, that's kind of like my initial reaction is like, hey, everybody's betting too much. Like rate hike odds. Like everybody's like, oh, we're going to raise rates. People are betting too much on rate hikes. Let's go the other way. Uh, but in this situation, maybe there's some wisdom of the crowd. Maybe there's some insiders. I'm trying to look at polymarket right now to see what polymarket's got to say. Yeah. How much of that is you just being contrarian too? It's definitely just at least a little bit. I'm definitely a contrarian person. I got the, uh, the debater personality type. And so I even told Brit, I've said this before, but before Brit started coming on the stream, I told Brit, sometimes I might disagree with you just to disagree. You look great. You look great, Matty. I love your backpack. Hey dude. All right. Give me a hug. I love you guys. Have a great day. Have a great week. Go back to school to show us. You're not a fool. I love you, dude. Have a good day, bro. I don't get anything back. Love you, dude. That almost hurt my heart, Jack. Okay. You're right. My headphones block everything. All right. I love you, dude. Y'all have a great day.
[00:18:40] Brent: That also might just be the cholesterol, John.
[00:18:43] Speaker 1: Yeah, baby, dude. My ears are going out. All right, guys. So, what was I saying before my kids came in here? Oh, yeah. So, actually, I forgot completely.
[00:18:56] Brent: You're talking about how you were on the debate school. I mean, on the debate team in high school and you just argued with everybody.
[00:19:01] Speaker 1: No, I wish my school had a debate team. But I got the debate of personality type. So, sometimes I'll just take the other way just to make good conversation is really what it is. I'm not trying to be argumentative. It's just, it's good conversation when you got two sides and, you know, both sides can present. Yeah. You like to play devil's advocate, so to speak. Yeah, for sure. Exactly. Yeah. Yeah.
[00:19:21] Brent: Oh, no. Brit is back. Will gold drop? I mean, I hope so. Because I definitely can't afford it at these prices. You know, what was, by the way, what was the catalyst in the last, like, five or six days for gold going up, like, $400?
[00:19:32] Speaker 1: I don't know, honestly. I think it's weird, too, because oil went up simultaneously. Like, gold is up to almost $4,500 an ounce right now. So, gold is up, right? But it's weird because, you know, you would think, okay, gold is rate sensitive right now. That's how it's been moving, especially in big data releases like this. And so, in theory, oil being up should make gold go down because oil going up increases yields, right? And bond yields increases oil as inflation becomes more of a priority in the Fed's dual mandate. That means higher interest rates, which means higher yields, which means bonds are paying out more. Sorry, it's kind of confusing, but it means bonds are paying out more, which means less people might buy gold, essentially, right? But what we've seen over the past few days is more escalation in the Middle East. Less optimism in the Middle East, higher oil prices, but simultaneously, gold has gone up. Like, here's gold. Gold is up to freaking $4,500 an ounce right now. It's bounced back pretty heavily. And so, yeah, I mean, it's been a weird market, but gold is kind of different anyway.
[00:20:39] Brent: You had a chance under 4K three times and you didn't take it. Don't you speak about logic and common sense to me? Yeah, don't you bring logic in here, sir.
[00:20:48] Speaker 1: All right. Like, we don't need your logic today. I mean, don't make me feel bad. I was waiting for $3,500. I really was.
[00:20:55] Brent: I was too, honestly. But like, yes, I had a lot of chances to take advantage of it. No, I didn't. But I don't care. I'm behaving irrationally and I want gold to drop.
[00:21:03] Speaker 1: I want gold to drop too. Like, let it drop to $50 an ounce, you know? The problem with gold at $50 an ounce is everybody would buy it and it would be worth much, you know? Yeah, it would dilute everything. Yeah, but I'm okay with it. How is gold going to go high if rates are higher? It's usually the opposite. Rates go down, gold goes up. If rates go up, gold goes down. And if rates go down, gold goes up. But it's not a perfect correlation. And gold can sometimes certainly trend away from that. And so gold is not perfectly pinned to, like, higher yields that makes gold drop and lower yields makes gold go up. We're just looking at recent history. And it's also, like, the dynamic of markets in general, not just gold specifically, but a lot of markets, like, if you want to understand markets, you got to understand the bond market first. Higher interest rate sentiment. Higher oil right now means higher, you know, higher interest rates means higher yields. Higher oil means higher interest rates and higher interest rates means higher yields, right? And so it's risk on versus risk off assets. So risk off assets are yield paying assets that are guaranteed. Like, you buy bonds with certain yields. They're guaranteed by the U.S. government if they're treasury bonds, right? So it's guaranteed money. You know, it's not unknown whether you're going to make money. It's this is how much I'm going to make. This is how much I've invested. This is how much it's going to return. Those are risk off assets. Risk on assets do not have yields like gold, silver, equities, crypto, Bitcoin. And so when one does well, the other one generally and I say generally because markets can always move. But when one goes, you know, when one goes up, the other one generally goes down and vice versa. And so, yeah, you'll see the moves in Bitcoin as well. Like Bitcoin is a good example of this. It usually moves with gold in a lot of ways. And gold is up and Bitcoin is up today. But again, Bitcoin wants easing. It wants stimulation. It wants printing. And so Bitcoin, you know, should react in a similar way as gold, which is if we have higher inflation, Bitcoin goes down. Equities go down. Gold goes down. But it's not pinned to that. And we can get anything really. And it depends on what the numbers show. If it's flat, it's definitely more ambiguous, obviously. But I don't know. The bond correlation was the closest thing I ever tested as a strategy. And I think, again, if you understand the bond market, there's a lot of ways to make money in the market. Right? Like, you can use your head and say, okay, well, you know, we have higher inflation. You know, we have, I think, I like using it around the Fed meetings. A lot of times you can't do this in prop firms. But some of them allow it. But, like, during a Fed meeting, if we have split odds like we did last time, but you think it's more weighted to one side than the odds are showing, then you can make some speculations on what to buy or sell based off of that. Like, the last time, the Fed meeting, I thought we were overpricing in hike odds. And I thought we were going to pause. And so when we did announce a pause, because hike odds were so overestimated, then gold would rip, Bitcoin would rip, equities would rip. And that's precisely what happened is that we paused, which, you know, and then gold ended up flying up afterwards. And so there's money to be made doing it based off of correlations. But, but, yeah. Nebius is pumping. Did Nebius release their numbers here? Yeah, they did. Nebius just ripped. Let me see if I can find the numbers for it. But it looks like Nebius' numbers are out right now. Let's see. Iran is also floating, continuing the conflict until the president's, until the president leaves office. I'm looking at Nebius right now. I could just look it up myself, but what is Nebius? Nebius is an AI-related stock. NVIDIA also holds a large piece in it. So Nebius is a cloud infrastructure company. It basically builds data centers. It builds data centers. It rents out computer-powered data storage software. So it's like a Neo Cloud platform is what it's called. But Nebius' numbers are out right now. They posted adjusted net revenue of negative 33.2 million. They expected negative 190 million. So much better than expected. Revenue of 582.3 million versus expected 570. So they beat on both fronts for Nebius here. I'll put the numbers up in chat. Nebius is actually jumping up right here. NVIDIA owns like a 9% stake in NBIS as well. Yeah, there's Nebius' numbers right here in chat. 65% the dollar is going to weaken. Okay, so the dollar weakening would basically mean lower than expected inflation. So like the dollar going down is going to make inflation expectations. Yeah, let me do a poll here. But, and again, going back to bonds, if you understand the bond market, you understand markets to a certain extent. In order to buy bonds to take advantage of high yields, what do you need? I've asked, I've told this correlation before, but in order to buy bonds and take advantage of higher yielding bonds, what do you buy them with if they're treasury bonds?
[00:26:17] Brent: Trying to make me answer?
[00:26:18] Speaker 1: I think you, you probably know, but let's see if the chat knows.
[00:26:23] Speaker ?: Okay.
[00:26:26] Speaker 1: I mean, I'm sure they do. Yeah, I mean, this is a pretty simple answer, to be honest. Does anybody know out there? Hello. We have 1,100 people here. A bunch of times before, so. Yeah, I've told this correlation. Nobody, nobody knows the answer, chat? Come on now. Smart B, you know. The answer, guys, is the, is the dollar. It's cash money, you know, taking over for the 9-9 in the 2000s. It's cash money. You got to buy the, you got to use the U.S. dollar to buy bonds. So if yields go up, the dollar strengthens, because you got to use the U.S. dollar to buy those bonds. So people saying the dollar index is going to go down on the inflation report are essentially saying inflation is going to come in lower than expected. Because if the Dixie falls, that means bond yields probably went down, and that means inflation was probably lower than expected. I was talking about much more advanced macro stuff, John. You probably were, Sam, honestly. Just do the opposite of bury, buy or sell, gold sell, gold buy or sell. Oh, bro. You buy or sell bots are about to get, you know, booted out of here, sir. You're going to get booted out of here, Alex. Alex, prove to me you're not a bot, Alex Large or Legitiz.
[00:27:58] Brent: Will he prove it, everybody? That's the question.
[00:28:01] Speaker 1: Yeah. Is he a bot? Yeah, dude. Yeah, Scotty. That's how it goes.
[00:28:07] Brent: Also, John, I think you should do, like, market and economics-based rap songs.
[00:28:12] Speaker 1: I mean, I can put it in sub-moly mode and get rid of these guys pretty quick here. Buy Bitcoin today. Crypto would pump huge. Dinesh? Dinesh? Okay, Dinesh.
[00:28:26] Brent: Dinesh Kumar, huh?
[00:28:27] Speaker 1: Alex, how could you do this to me? Dinesh is banned. Good day to you, sir. I don't know. He got that last one in there. All right, Dinesh is banned. Who else is in here? That's a bot. Alex, you're about to get banned quick, too. Alex, you're banned, too. I'm like Oprah, but with bans, you know?
[00:28:43] Brent: I don't know about you guys' chat, but I can hear, like, a little bit of glee in John's voice every time he bans somebody. It's kind of fun to do it, honestly.
[00:28:52] Speaker 1: It's kind of fun.
[00:28:58] Speaker 4: Don't blame you.
[00:28:59] Speaker 1: I'm like Oprah with these bans here, dude. You're exerting power is what it is. Right. It feels good, bro. The power, you know? The power. I like it. Honestly, I like it, you know? Never make me leader of a country because I like power, you know? Remember that.
[00:29:12] Brent: I was going to say, never let John become the dictator of your country.
[00:29:14] Speaker 1: Yeah. If I ever do run for office, dude, that quote's going to come back. Somebody's going to clip that quote and be like, hey, look at this guy. He just likes power. He's going to be a dictator.
[00:29:22] Speaker ?: Yeah.
[00:29:23] Speaker 1: All right. So, I'm seeing news that the IRGC commander said Iran produces more stuff, more weapons daily than it fires and that even if the war last years, they will continue until the final day. We are full porting today. What's your prediction on CPI? I've said it once. Brit's is slightly lower than expected. Mine is 3.5% is, I think, what we're going to show up as. I might be wrong. And again, guys, listen, I just straight up guess these numbers. You might look at my history and be like, hey, John's got a decent track record. Maybe he has insider info. You know, maybe he's a government spy. Maybe, you know, he has Bloomberg Terminal. Maybe all of these things. I'm putting this all out there. None of that is true. Guys, none of that is true. I just straight up guess numbers. All right.
[00:30:07] Brent: I don't know. I mean, you definitely remind me of like Brad Pitt in Spy Game. You know? Yeah.
[00:30:11] Speaker 1: I mean, I can feel that. And maybe I am. I mean, what's more handsome? Maybe I'm the psychic kid from Starship Troopers with the ferret. That's possible too. Neil Patrick Harris. Maybe I'm Neil Patrick Harris in Starship Troopers. I don't know. But this is just a straight up guess here. Do not copy me. Dollar index is dumping. Goldman Sachs is going to acquire ETF provider NEOs in a $2.3 billion deal. Maybe I'm an AI bot. That's definitely true. Dollar index is dumping. Yeah. I mean, the dollar index technically red on the day now. Markets are pricing in a slightly lower than expected inflation print. And again, maybe we do get lower than expected. I genuinely don't know what this is going to show today. Again, Iran could prolong the conflict until the president leaves office to impose costs in strength and deterrence, apparently, according to a senior IRGC advisor. He claimed that Iran is winning. Accused Washington of lacking a clear strategy. Said the longer it continues, the more Iran learns. And that they also claim. Yeah. So that is basically what's going on. And again, markets are still reeling from the previous quotes here. Oil is still up from these quotes. You can see where some of these quotes came out here with the oil spike right here. Let me put the volume so y'all can actually see the volume here. There we go. That's better. But yeah, earlier today, like right before I started the stream, we had news that Iranian sources are suggesting there are no current talks on extending the US ceasefire and more. So that's spiked oil. The UK Treasury also reportedly sees 2027 GDP growth at only 0.3% if the straight of Hormuz stays closed, according to reports. We got 45 minutes until CPI inflation dated today, guys. Nebbia's crashed. Yeah, Nebbia's giving back all the gains here. Goldman Sachs to acquire ETF provider Neos and a $2.3 billion deal. Yeah, it costs you only 52% chance of over 3.3%. Setia, I don't know buy or sell. You're also spelling sell wrong. Hey, what's up, Sorrel? How you doing, brother? My friend from Arkansas. CPI coming in low today, but the conflict will kill the little momentum we have. Maybe, yeah. And memory plays are up. So memory stocks are up. People are talking about Burry, but Burry's still green in a lot of these. Here's MU. Here's Sandus. It's mostly from Core Weave beat and race for Core Weave. It's up to 105. So you can see Core Weave stock running up pretty big here. Nebbia's is still green from when its earnings came out, but it's not very green. It's basically flat. I'm going to be honest. I don't like to hear about Burry, but that's just mostly because I don't like his name. Yeah, I see multiple people saying buy or sell, and then they're spelling sell wrong. I might just ban you guys. Oscar, show me you're not a bot, dude. How in the Wab? Show me you're not a bot, bro. I wonder if it's Oscar the Grouch. Hey, thank you, Kay. I appreciate it. It might be Oscar the bot here. I'm logging Bitcoin, Blurry, NVIDIA. Yeah, this is going to be like the Hunger Games, but it's going to be showing us you're not a bot instead of competing in a death match. I buy a bot, a dyslexic bot. Yeah, whoever the bot is doesn't know how to spell. The death matches are so much more interesting. Yeah, Oscar. Lurkers. Hello. Here, lurkers. Listen, this is an action call to the lurkers today. Lurkers, I know we got a lot of people here, and sometimes you watch the stream, and sometimes, you know, you don't say anything. That's why you're a lurker. That's okay. You lurk, I work. That's fine. We need your help, you know, in the arms of the angels. We need your help today.
[00:34:09] Brent: Honestly, every time you say lurkers assemble, it just makes me think of like a really old school, like, Justice Friends. Yeah, for sure, yeah, yeah.
[00:34:15] Speaker 1: Those old school Saturday cartoons, bro. Yeah, you know. But, lurkers, we need your help to fight the bots today. All right, we need it.
[00:34:25] Brent: This is your mission, should you choose to accept it. You know, this message will self-destruct in 30 seconds.
[00:34:30] Speaker 1: Yeah. Is this CPI from July where crude is up? Yes, this is the CPI report from July where crude is up. Just to put it into perspective, and crude's still jumping up a little bit on some of the quotes we got this morning. Look at oil right now. So, this is the July CPI report. Remember, oil in some parts of July got up to over $90 a barrel. It eventually came back down, but it's now back up here. So, oil at some points in July was over $90. So, the question is, do we see higher than expected? And these expectations are already, you know, reading the high July print. So, that's what these expectations are from anyway. But, it's an interesting report for sure. I don't know if we're going to show up super high and get fear and rate hike odds increase or if we're going to show up super low. I'm going to go with somewhere in the middle. Like I said, kind of flat, 0.1% higher is my guess. But, who knows? We'll see. Again, I'm worried people are going to take my expectation with a little bit too much here. Well, hello to you too, Solar. Nice to see you. Are you going to be live during CPI? Yeah. I mean, the name of the stream is CPI Inflation. You know, we got a big timer for CPI at the bottom. I think that would be pretty funny if I just didn't stream it. First 10 minutes of New York session, we're going up. I'm buying the euro, US dollar, MU, a seller hold. Just roll one, chilling and waiting for pumping. Oh, and thanks, Adnott. Regardless, CPI full port at the open. What's up, Haram? Hey, thank you, brother. Smartass John. Smartass John comes out with Brits here, really. I mean, I'm probably kind of smartass regardless of whether Brits here. Hey, thank you for the subscribe, Morin.
[00:36:20] Brent: Appreciate it. I definitely exacerbate that particular personality trait, though.
[00:36:24] Speaker 1: Yeah, I've been hanging out with Brits since I was freaking 14, 15. You know? So, when I, when Brits here, we communicate like teenagers. We really do. I kind of, you, with your old friends, you revert back to your teenage ways. You definitely fall back into it. Uh, buy or sell? DJ, I can respect you're probably not a bot just because you intentionally spouted wrong and, uh, and sarcasm. Hello, Hiram. Bro, should we buy or sell gold before CPI? I don't know, bro. Buy or sell gold? I don't know. Uh, I have no idea. Guys, I don't know whether you should buy or sell gold. Sale. John, you are out of pocket. Am I? I don't think I'm that out of pocket, dude. I've been up since, like, 1 a.m. I, I fell asleep early. My kids started school today. I fell asleep early. And then I woke up at, like, 1 o'clock. And then I'm like, okay, I still got, like, 4 hours. I can go back to sleep. And then I woke up at 2 a.m. And then I looked at the clock. And then I'm like, crap, man. I just woke up an hour later. And then the, the cortisol spikes. Because I'm like, hey, I gotta, I gotta go back to sleep again. And then I got up at, like, 4 a.m., you know? And so I've been up.
[00:37:35] Brent: I don't know what actually caused it, John. What is it? I think, you know, how, like, kids are, like, really excited or, like, nervous the day before, like, the first day of school. And so they had trouble sleeping. I think you were just, like, really excited to have your kids out of the house back in school. I'm definitely.
[00:37:50] Speaker 1: You know, you just couldn't sleep. I'm definitely a little excited for that. I mean, every parent knows this. I'm definitely at least a little bit excited. John, buy or sell the NASDAQ? I don't know. I don't know buy or sell the NASDAQ. Depends on what the numbers show up as. Most of the markets are pricing in lower inflation day to day. So they're, they're pricing in optimism on gold, optimism on the NASDAQ, optimism on Bitcoin. John, how much of a big deal is this report? This is a big report. This is a very large report. Why is it important? Because, number one, we got about 50-50 odds of rate hike versus pause on the Fed watch tool. The markets are pricing at about a 50-50 chance we raise rates next meeting. And this specific report today is going to guide that. We still get one more of these before the Fed decision, but it's going to be so recent, they're going to discount it a little bit. They're going to look at this one more than anything for CPI inflation data. So this is the most important inflation report regarding what we do in the next Fed decision regarding raising rates, which will push gold down, which will push the NASDAQ down probably if we do raise, or whether we come in lower than expected today and it opens up the green light to not hike and to potentially, you know, focus more on the labor market in the future. So, yeah, CPI does move markets. A lot of prop firms are restricting trade on today because, you know, this thing can move markets. It depends on what the numbers show up as, but it does move markets for sure. What's up, Brent? What were you saying?
[00:39:20] Brent: I wouldn't say anything. I was...
[00:39:22] Speaker 1: Oh, let me do a poll here. Does CPI year-over-year show up higher than 3.4% today? Yes or no. Does CPI year-over-year show up higher than 3.4% is the poll? Yeah, I'm going to tally a massive amount of all markets are front-running a soft CPI right now, so the move already happened. Yeah, honestly, I see a lot of people betting on slight lower-than-expected CPI. And sometimes, whenever the broad market is expecting something, I like to do the opposite. But, you know, there is, again, in statistics, you have something called the wisdom of the crowd. You can look at oddsmakers like Polymarket to see some of this sometimes. Essentially, what this means is that when, you know, a majority of the crowd bets on something, there's some accuracy to it. Part of it is because there's insiders, especially on, like, oddsmakers like Polymarket. Like, there's going to be some insiders most likely making their bets and betting on different things and influencing the odds. And so, again, most of the market is pricing in a lower CPI print today. We'll see if that ends up following through. But, yeah, we have 34 minutes left. All right, dude, I'm about to just start banning the gold buy or sell. If you say gold buy or sell, I'm going to ban you. You're talking about the part that Panarasoo, dude? I got its fund logs. Are we doomed? Yeah. Gold pullback for sure today. Polymarket right now has CPI priced in at about a 54% chance. Core CPI, about a 56% chance it comes in at 2.4% today, which is as expected. There's about a 38% chance it shows up at 2.5% for core. About a 5% chance it shows up at 2.6%. Now, remember, this is core expectations here. Again, the annual expectation for July is expected to show up. The majority of expectations are on 3.3%, which is where I've heard a lot of people battle. There's also about a 41% chance it shows up at 3.4% for headline CPI data. I'm sure what headline CPI data is expected, right around 3.4%. So, last time it was 3.5%. My guess is 3.5%, maybe 3.4%, but I don't know. A lot of people are betting on 3.3%, which is interesting.
[00:41:42] Brent: And, no, Ace of Fly, the rumor actually was that I was hiding out in Mexico to avoid the Home Depot credit card people. Yeah, Brent got on a rubber boat.
[00:41:51] Speaker 1: You know, he bought one of the – you've never seen those videos where people buy, like, a bunch of Home Depot stuff for, like, one cent? Brent did that, and now he's on the run.
[00:42:01] Brent: Yeah, Home Depot's sending creditors after me.
[00:42:03] Speaker 1: Yeah, yeah, yeah. They're after him right now. Hey, what's up, EM? I'm not going to trade today because I'm scared. Okay, that's fair. No one knows yet. Market makers will flip a coin before market opens and decide if they want to pump it or dump it. Hey, thank you, Jesse James. I can – I like the name. So, what happened if this has happened? Somebody says. What happened if this is happened? Guys.
[00:42:29] Brent: Well, if this has happened, then I think it might have happened.
[00:42:32] Speaker 1: I think it could happen. I don't know what it is, but it could happen. Definitely could. What are the odds on parlor market? Yeah. Hey, what's up, Charles? How you doing, dude? Charles in charge. What's up, bro? I never seem to find the penny deals ever. Bro, I don't know why the algorithm sends me those videos. It's like a dude. It's always the same thing. It's like, hey, let me buy this. You know, they go to ring it up. It's one cent. You know, the cashier trips out and they're like, oh, no, we can't allow this. The guy, like, waits for them to walk away and immediately, like, pays for it and then has the receipt. And he's like, look, I bought it already. You know, and then it's a mess. Hey, shout out to Clouds. Appreciate the subscribe, my friend. I see China's currency has come under more pressure to appreciate since the U.S. and Japan moved to strengthen the yen, according to Bloomberg Economics. Hey, shout out to Bitcoin Bull with the $50 dono, my friend. Hey, thank you. Thank you, friend. Man, thank you, Bifi. Hey, shout out to Bitcoin Bull, my guy. Hey, thank you, brother.
[00:43:30] Brent: Thanks, man. That's awesome. Really, really appreciate it. Genuinely.
[00:43:32] Speaker 1: Yeah, that's a great donation, dude. Shout out to Bitcoin Bull. I appreciate the $50, my friend. Thank you, brother.
[00:43:40] Brent: That'll definitely help with my Home Depot issues. I mean, you might just be enabling, but thank you.
[00:43:44] Speaker 1: Yeah, yeah, yeah. Listen, CPI, I ask people, will CPI show up higher than 3.4%? 61% say yes. 39% say no. Yeah. What idea do you have from CPI today? I know I had an idea the last Fed meeting. CPI is a little different, though. I don't, I don't, there's such a larger range in regards to what it shows up as. Most of the market's already baked into about 3.3% today. Expectations, I'm showing, depends on where you look. MarketWatch has it expected today at about 3.4% year over year. And so that number is kind of baked into markets already. I really don't know what we're going to show up as for CPI. I genuinely don't know. We'll see. Hey, what's up, Clayton? What's up, Proxy? Hey, thank you, Pac. Gold crashed today. The poll is always wrong. Gold is bearish or bullish today. I have no idea. It depends on what CPI shows up as. Gold crashed today. I mean, 61% of the poll is showing they think it's going to come in at higher than 3.4%. We got exactly 30 minutes right now, Chad. Exactly 30 minutes. Again, guys, listen. If you just say buy or sell gold, question mark, I am going to ban you. There's too many bots out there doing that. Jobs came out really weak last time. Honestly, it's just me. Yeah, Britt. Okay, there we go. You just banned somebody, didn't you? You get a ban. I asked Claude. China made that huge purchase of gold last night. Yeah, I heard that as well. What about Bitcoin? Bitcoin should move in similar to gold. Bitcoin should move roughly similar to gold. Dark edge, you're on the edge now. How the numbers on the CPI affect the market. So higher inflation is generally bad. I mean, this is pretty obvious, but I think higher inflation is generally bad. Lower inflation is generally better. And I think right now, especially, markets want rate. They want rate cuts. They're not going to get rate cuts, but they definitely don't want rate hikes. So lower inflation data should ease some of the concerns about rate hikes. It should benefit gold. The Nasdaq is still kind of pushing here. Look at the NQ right now. So the Nasdaq just broke highs of the day here. It got up to 29, 850s just now. So the Nasdaq is actually pushing up some ahead of this report. Man, I don't even get noticed. I notice you, Reset Ledger. I know you. He just notices you quietly. Yeah, what's no Tate hikes? Buy gold or eat silver?
[00:46:32] Brent: I thought Britt was banned. Nobody puts Britt in the corner, okay?
[00:46:35] Speaker 1: Britt, sit in the corner and think about what you've done. Gold is not a play. A piece of paper that says gold on it might not be short term. Yeah, oil's up. We do essentially have more escalation here. NBIS actually rebounded back up, though. The Nasdaq is still pumping up. Chips are up today after CoreWeave, Supermicro, Semiconductor, and Nibius earnings came out. All better than expected for all of those, essentially. Buy or sell the Nasdaq? I don't really know to check for it, honestly. I'm not going to give advice. Previous few times, 30 minutes before the report came out, we can see the trend 70% of the time I checked. I appreciate you asking, though. Yeah, here's gold, guys. I'm scared to even put this chart up right now based off of all this stuff. But here's gold. Gold up to 4470s right now. So gold has been very strong. Don't be scared, John. The chat will protect you. Yeah, I'm just going to have to ban some of the bots. Where can I find the CPI percentage first? Well, I mean, CPI is expected at 3.4%. You can look at MarketWatch if you want to see it. All right, we're going to ban you. Buy or sell gold.
[00:47:48] Brent: I noticed the distinction check. Honestly, I was just trying to squirrel out of it. I don't know. I really don't have any idea.
[00:47:53] Speaker 1: Yeah, but put this out there, guys. If you ask to buy or sell gold in any way, you better show you're not a bot first because I'm just handing out bans. This morning. Yeah, I'm like Oprah, but with bans instead of cars. I need a task force, I think, for these things. I'm going to set a task force up to make sure that task force is running right. Make sure it's task forcing correctly. Scott was known for his task force skills in high school. Yeah. Hey, shout out to T-Series. I appreciate you, my friend. Thank you for the subscribe. I mean, in a second, we're just going to put it in sub only. That should get rid of most of these gold bots, realistically. Damn, boy. I just want to know what if CPI is higher than expected. Dude, nobody knows if it's going to come at higher than expected today. I mean, most people are actually betting, again, on 3.3%, which is lower than expected. On the month, for headline CPI, it's expected at 0.1%. Last time was negative 0.4%. So, 0.1% expected, last time was negative 0.4%. And that's only because in June, oil decreased substantially. At some points in June, oil fell all the way down to under $70 a barrel. That is why inflation showed up so much lower last time and negative in the month. Hey, shout out to Charles.
[00:49:08] Brent: I think it just means what will happen to the market if CPI comes in higher than expected.
[00:49:12] Speaker 1: Oh, if CPI comes in higher than expected, generally speaking, it depends on how high, but generally, the market's going to go down. If it's higher, inflation is going to increase the odds of a rate hike. And so, yeah.
[00:49:27] Brent: Thanks for the subscribes, the last couple of people who did it. I didn't see any of the names.
[00:49:32] Speaker 1: I'm sorry. Yeah, me neither. But I appreciate you guys. Wingman says, yeah, what to do if it's higher? If it's higher, gold will probably drop. Bitcoin will probably drop. But I say probably because it's all generally speaking. Like, there's outliers sometimes in terms of reports. Sometimes the opposite happens where we have higher inflation. It's not as high as, you know, markets feared. And so, we end up going up, but that's more rare. I would say, generally speaking, higher inflation's bad. It's going to make gold drop, equities drop, yields spike, rate hike odds increase.
[00:50:03] Brent: Oh, thanks, Farmer. Missed you guys, too.
[00:50:05] Speaker 1: John can't let anyone mod. He likes to micromanage too much. Yeah, I mean, look, there's no—I'm watching the chat. If I didn't respond to the chat so much and, like, watch it heavily, it would be different. Like, if I was doing other things and not looking at the chat and responding to the chat, then maybe I would need, like, heavier modding work. But I look at the chat all day. I ban—you know, I ban people faster. I'm the fastest ban around here.
[00:50:29] Brent: Fast banter in the West, huh?
[00:50:30] Speaker 1: Yeah, for sure. Again, what percentage do you guys think CPI inflation data shows up as today? I'm going to go with 3.5.
[00:50:38] Brent: I mean, no problem, we man.
[00:50:41] Speaker 1: What percentage? Guys, give me some percentages in chat. EuroB or CPI? I'm going to go 3.5. A lot of people think 3.3.
[00:50:52] Brent: I'm going to split the difference and say 3.5.
[00:50:54] Speaker 1: 3.6, 2.9, 3.3%. Buy, 3.6%, 3.3, 3.8, 3.95, 3.4, 2.9. 2.9, the market would absolutely love it, and it would rally. 3.4, 10%. Yeah, what a great bet. CPI, 4.1% is not happening either. I would laugh so hard if it did come in at 10%. Dude, if it showed up at 10%, the market probably would genuinely crash. Like, 10% would be a shocking print, obviously.
[00:51:28] Brent: Well, then I would only laugh briefly, then.
[00:51:30] Speaker 1: Yeah. Don't laugh too hard. I mean, honestly, my views would probably go up. You know, not to be selfish. I don't want 10% inflation, guys. But 3.6, 3.4, 3.2. Okay. 3.6, 2.8. A lot of people with 3.6, Beth. We'll see if y'all are right. All right, guys. We got 20-something minutes left until CPI inflation data drops. 4% will come out as expected.
[00:51:54] Brent: You guys are taking random guesses, or do any of you actually have a reason for your picks? Chat? Mine's just a straight-up guess. Mine is, too. I said it earlier.
[00:52:06] Speaker 1: I was just kind of going with some people early on in the chat, you know? Like, I've given my strategy for betting on CPI. Like, people, because for some reason, I've gotten it right a lot. But it is a straight-up guess. The only thought I put into it is I think, hey, what do they want these numbers to be? It's the BLS, you know? So I'm like, what are the numbers? What do they want these numbers to be? I'm not saying they want higher inflation data today. But that's why I'm going 3.5. I appreciate all the answers, the honest answers, guys, you know? 3.9%. I don't think it's happening, Omar. If it did, markets would freak out. And remember, we do have PPI inflation data tomorrow. Oil is now up.
[00:52:46] Brent: I'm just cheese going up this week in America.
[00:52:49] Speaker 1: What did he say? How much is cheese going up this week in America? I don't buy a lot of cheese, to be honest. I mean, I'll eat cheese. Don't get me wrong. Give me a burger. I'll eat some cheese, you know? Undoubtedly, you know? Especially cheddar. Yeah, for a while, we got into stinky cheese and apples, and that was pretty good. But we've moved past that now. Go and buy yourself.
[00:53:10] Brent: You've moved past that phase in your life.
[00:53:12] Speaker 1: Yeah, we have. You know, that's behind us now. Yeah, I'm seeing, like, Truflation data. Like, we did look at Truflation's report. They are showing, let me see, Truflation US CPI. They're showing, what is this? How many months is this data? Good joke, Jablo, or however you say that. How do you say PPI backwards? Hey, thank you, Kyle. I appreciate the sum, my friend. But yeah, they are, we're looking at 2.25% for CPI inflation. And thank you, Gabriel. Appreciate it, dude. Is the price of eggs still going up?
[00:53:44] Brent: I didn't, were they going up at all? I mean, I know they were, you know, a while back, but I don't think so.
[00:53:51] Speaker 1: Yeah, these buy or sell bots. I've been abandoned by this, these buy or sell. I don't know what their goal is, though. Like, look, like, I heard they were trying to scam people. But, like, I don't know how they're going to scam people here, you know? Trebek, I almost banned you for that just now, dude.
[00:54:13] Brent: Yeah, I got to be honest, I'm not really sure what the angle is on, like, what they're trying to get out of that spamming.
[00:54:19] Speaker 1: Yeah, well, PPI booth markets that much. I'm not sure it depends on what it shows up as. 2.8 because the NASDAQ is rallying. Yeah, I mean, look, gold is up today. So is the NASDAQ here. But a lot of this is from chips rebounding. So a lot of the NASDAQ being so green on the day, it's not purely based on CPI. Core Weave, better than expected earnings. Super Micro Semiconductor is better than expected earnings. Nebius, better than expected earnings. So these are chips rebounding here today. Is what this is. MU is up. SanDisk is up. NVIDIA is up. Right? So a lot of this is microchip related in terms of the strength in the market here. Yeah. At this point, the gold thing is just a rage bait. Yeah. Yeah. What about gold, man? Dude, I've been talking about gold. Did somebody say buy or sell gold? We might have. What YouTube plaque is at behind you? Or go ahead, Britt.
[00:55:16] Brent: No, I'm just going to ask us. How much is silver tracked up with gold over the last five or six days? Or has it gone up at all?
[00:55:22] Speaker 1: No, silver's up. It's up to $66. Remember, I think the last time you saw it is at like $60 a barrel. So it's up for sure. Yeah, I'm going to go and put this thing in sub-only mode so that I don't have to deal with it.
[00:55:32] Brent: A whole barrel of silver?
[00:55:33] Speaker 1: Oh, a barrel? Did I say a barrel? Yeah, you did. $60 an ounce, guys. I'm sorry.
[00:55:40] Brent: You're going to say $60 a barrel, silver has crashed.
[00:55:43] Speaker 1: Dude, sign me up. Sign me up. Is software moving? I mean, we could look at like service now. It's down on the day. A lot of the time, the dynamic here is like software up, chips down. Because they're seen as competition to some extent. Microsoft's down on the day. Adobe is down on the day. IBM is probably down on the day. Yeah, so IBM, you know, all the software companies are down because chips are up. MU is up. SanDisk is up. SK Hynix is up. You know, NVIDIA is green. MU, you know, they're all green on the day. Chips are up after good tech earnings. And the next big play is NVIDIA earnings. That's going to be the big one. Pirate John? Definitely Pirate John.
[00:56:27] Brent: If we get rate hikes, we would probably get silver for $60 a barrel.
[00:56:31] Speaker 1: Yeah. What is the thought? Thank you, Anna, for the subscribe. Thanks, Anna. Are you guys playing League of Legends now? I don't play League. I'm not a big PC gamer. I'll play, I'll play like Halo, Overwatch. I'll play UFC 6 is out. I've been playing that. I'll play MLB The Show occasionally.
[00:56:52] Brent: I play Call of Duty. I've played tons and tons of games across multiple genres, but I've heard of League of Legends, but I've never played it or fooled with it. I don't know anything about it.
[00:56:59] Speaker 1: It looks fun. It looks fun. All right, guys. It's a bull trap. Patrick says, bullish or bearish for the announcement. Are y'all bull or bear here today, guys? I got to do a bull or bear question. We got like 18 minutes left here, too. Here's the NASDAQ. NASDAQ very green on the day. Again, markets are pricing and optimism. Hey, thank you, Vogue. Appreciate it, dude. Oh, I'm definitely going to play GTA 6. Oh, yeah. That's a given. Time out for Max.
[00:57:29] Brent: Those games are so funny.
[00:57:30] Speaker 1: Yeah. Oh, yeah. They're fun to play, dude. Again, bull or bear chat on CPI inflation data today.
[00:57:45] Speaker 5: Bull, bear. Let's be real. Bear, bear, bear. Bull, bull, bull. So, y'all are bear, full bull. Bull.
[00:57:55] Speaker 1: Maybe full up, bull. Bye. What are you, John?
[00:57:59] Speaker 5: I don't know.
[00:58:01] Speaker 1: I'm slightly bearish just because July inflation was so hot. Or July oil was so high. But I don't know. It didn't stay high for all of July, right? So, like, the thing to consider here, there's a little bit of lag for sure. Here's oil prices. They didn't stay high for the entire period of July. Like, by the time the end of July happened, we were back down to 82. We're basically where we're at now. Maybe a little bit lower than where we are now when July ended. So, it's hard to tell. Like I said, that's why I'm just going slightly higher than expected. But it's just a straight up guess. Bull from a low, but bear from right here. Skittish. Yeah, I'm apprehensive to take any big positions here. Big bear as expected. Yeah, we did a poll. 65% think we do show up higher than 3.4%. It's out of 1,400 votes. So, we do got a lot of votes here today. And we'll see what happens, chat. We'll see what happens. It's a big report. CPI inflation date is massive here. So, we did that.
[00:59:01] Brent: Anything could happen. You know, anything happens all the time.
[00:59:04] Speaker 1: Anything could happen. So, we'll see again. We'll see if this causes volatility. We'll see if PPI causes volatility tomorrow. Because, and then we got retail sales on Friday. Bear. I'm buying gold. It's not necessarily a bot comment. What's gold doing? Fed rage. Bro, you almost got banned, dude. If you weren't a normal contributing member of the stream, I might ban you here.
[00:59:33] Brent: Yeah, you're just going to start banning anybody that mentions gold.
[00:59:36] Speaker 1: Charles Brandon. I saw you ask other comments. Base case, 74% on Kalshi. NBIS just released great earnings. Yeah, NBIS is running up a little bit too here this morning. Here's NBIS. Thanks.
[00:59:50] Brent: I'm going to be a day and journey.
[00:59:52] Speaker 1: They're up to 223 right now for NBIS. Whatever it needs to be set up for at least 15 minutes or four hours after CPI before opening a gold position on Bear today. I think a lot of the Simeon Mag 7 will hit the 200 SMA. The first move is often the wrong move. Yeah, 100%. I mean, but CPI is not necessarily the case, right? Like CPI, sometimes we can have a really big first move that we don't retrace completely back from. Hey, shout out to Teddy. Thank you for the subscribe, my friend. Teddy, bro. He said go and buy. Teddy, are you real? Hello, Teddy. Say something else besides buy gold right now. Do it now. If everyone says Bear, then I have to say Bull. Everybody's honestly saying Bullish, though. Like markets, again, are pricing at about a 3.3% expectation. I've seen a lot of people bet that gold's going to rally and that inflation is going to show up slightly lower than expected here. Teddy, I'm still waiting.
[01:00:48] Brent: How much time does Teddy get to prove it?
[01:00:50] Speaker 1: I don't know. I'll give him about a minute or two here. Something else? Omar, that's not Teddy. Teddy, everyone trust me. Buy gold. Oh my gosh, dude. He doubled down. Teddy, hello.
[01:01:01] Brent: He did use a different emoji, though.
[01:01:03] Speaker 3: He did use a different emoji, bro.
[01:01:06] Speaker 1: Dagon. Hey, my guy. Thank you for the subscribe, my friend. Really scared to buy gold. I'm Voltron. Okay, that's fair. Hey, Ralph Media. Shout out to Ralph. Good morning. What's up, Don? Okay, I'll use yellow word. Okay, Charles, you're not a bot. I can appreciate you. Teddy is a bot. Almost certainly.
[01:01:26] Brent: I knew Charles wasn't. I saw him talking about some other stuff earlier.
[01:01:28] Speaker 1: Yeah. See you, Teddy. Buy gold. Buy gold. Bald guys. Okay, that's Max. Okay, I was about to, you know, Max about to get a ban in here. Pew. You mean Pew. What's more important year over year or month over month? Honestly, I would say month over month is a little bit more important right now. Just based off of the recent changes in oil prices month over month versus year over year. I would say month over month is actually slightly more important. It's expected for headline CPI today at 0.1%. Previous was negative 0.4%. So I would say month over month is a little bit more important, but we're going to look at the year over year reading anyway. But I would say month over month is a tad bit more important.
[01:02:10] Brent: Teddy says, terst me, bro.
[01:02:12] Speaker 1: Did he?
[01:02:13] Brent: Yeah, terst.
[01:02:15] Speaker 1: Oh, terst me, bro. Okay, he didn't say gold. Maybe he's not a bot.
[01:02:18] Brent: But I'm going to take you at your word.
[01:02:20] Speaker 1: Britt, terst me. He didn't mean trust. Okay. Okay, you're probably right. And I've heard the word terst used a lot. John, I got a request here. Yeah. Yeah. Hey, thank you, Mal. Bye, Gord. Okay. Now people are just leaning into it. My prediction again, just straight up guess. 3.5% year over year. That's my guess. 3.4, 3.5. I'm going to go with a range of two just so I can claim I'm right regardless of whether it shows up at 3.4, 3.5. But my base case is 3.5. But I think we could show up at 3.4 as well. There's probably a good argument for that. Yeah. Core is more important, right? I mean, it has to do with oil prices. Headline's going to be more variance heavy. I think Core excludes food and energy. I mean, we're still going to see the secondary effects of higher oil prices on like airline and travel costs and more, but headline includes direct, you know, headline includes direct oil prices. So a lot of people are going to watch Headlocked. I'm going to have to get rid of the sub notifications here. We're just getting too many subscribers right now, to be honest, which is a good thing. But I'm going to say it's not a bad problem to have. 3.8% is my guess. How about a blast of 3.8%, 3.4% is bull. I think 3.4% is probably, I mean, even if it's as expected, I think markets might still react positively to it here. Here's gold right here. We're at 44.60s right now. Gold is very elevated over the last few days, even after higher oil prices. Someone says sell Teddy, buy gold. Hey, thank you, Bish. I'm going to have to get rid of the sub notifications. They're just too much here. Here we go. Buy, I seared to it. Okay, now Teddy. I feel like Teddy might not be a bot here. I can't really tell. Now he's intentionally saying... I'm pretty sure he's not. Yeah, I think he's intentionally saying things wrong. J-Violet. XAU is gold for X, by the way. So, I almost banned you, J-Violet.
[01:04:32] Brent: Thank you, GP. I appreciate it.
[01:04:39] Speaker 1: Don't ban violent, Jon. I know. I didn't mean to. Yeah. Out there is a fortune waiting to be had. If you think I'd let it go, you're mad. Is that a song? It's got to be... Teddy's not. He's trolling me. I can respect... I don't ever troll people, you know. That's just not what I do here. I don't even know what a troll is, you guys. But, if you want to help support the channel, you know. And I know you do. Hit the subscribe button, guys. Hit the like button. Nebbi's earnings are interesting. We're going to watch that after these numbers. But again, CPI inflation data goes live. Markets are very flat ahead of this. Gold is very flat. I'll put up gold and the NASDAQ here to see what they do regarding this report. Gold and the NASDAQ. Here's the NASDAQ right here. Still very green on the day. Let me put some indicators up. I want to see what the previous closing price is.
[01:05:32] Brent: I thought you were saying Judas Priest, VFL. I did not realize that was one of their songs.
[01:05:36] Speaker 1: That's cool. Yeah. I mean, look. If we do really well, $30,000 is right here. So, $30,000, obviously, a big level. I think $29,900 is probably a big level as well right here. Obviously, we got the high of the day on the NASDAQ right here. $29,800 seems to be a level. Previous closing price is way down there at $29,640. So, we're looking at that. Gold high of the day is right here. I think at $4,485. So, I think $4,500 is probably a big level to watch for gold here. For gold futures, $4,500. We got really close to that the other day at $44,995. So, we got really close to that number here. We got nine minutes left. Oh, man. Something you said. How we feeling on the Dow? Did you just say the Dow? What? Dow? The Dow? Boomers. My ear's pricked up, you know? Are you going to hold us short on gold? No, Ox. I'm not. I'm not. Sorry, Britt. Finish your Dow quote. Sorry, dude. Cut you off.
[01:06:39] Brent: No, I was done. I just said that my ear's pricked up when you mentioned the Dow. Maybe I'm a boomer. That's all I was saying.
[01:06:49] Speaker 1: Now the chat's just trolling me, I think. That's got to be happening right now. Boomer's going to boom. Definitely boom.
[01:06:55] Brent: John did not say that. I know he didn't say that.
[01:06:58] Speaker 3: What did he say?
[01:07:00] Brent: He said, John said you were in rehab. You got to love the internet, though. The internet's fun. I already told everybody earlier. I was hiding out in Mexico for my Home Depot creditors.
[01:07:14] Speaker 1: Okay. Huzz, you got to stop spamming, dude. Let's look at the Dow real quick. Talk me into it, boomers. Let's take a look at it. Dow, honestly, is still pretty elevated here. All-time highs on the Dow are just under 5,500. We're at about 5,400 right now for the Dow. Let's see what happens. But again, we do have the CPI inflation report in seven minutes here, Chad. Seven minutes. Everyone crazy today. Buy gold grills. Bro, my wife flips off every flat camera we see. Like, we're driving down the street, and she's so serious about it. She's like, sees a flat camera, flips it off. Sees a flat camera, flips it off. I can respect it. I'm not doing it. But, like, I can almost respect it a little bit.
[01:07:56] Brent: When you say a flat camera, you mean like a camera that monitors traffic? What are you talking about?
[01:08:00] Speaker 1: No, a flat camera, they've been putting them up everywhere. They're just, like, cameras. They're extensive cameras.
[01:08:05] Brent: They got one right down the street from our house.
[01:08:07] Speaker 1: It's not even a busy road, but they got one.
[01:08:09] Brent: I understand the merits of, like, CCTV and everything, but I'm highly against a surveillance state like that.
[01:08:16] Speaker 1: No, me too. Yeah. Yeah, we were talking about 1984 yesterday here. Yeah. Yeah, it's very Orwellian. Absolutely. Yeah. Yeah, for sure. Anyways, I'm going to pivot back to CPI inflation, David. Yeah. Me too. Brent, how dare you run us off the stream? No, I'm just joking. We'll see what happens today, guys. CPI inflation, 0.1% month over month. You know, what would be shocking if we showed up at a negative print month over month? Last time, we were negative at negative 0.4%. Today, we're expecting 0.1%. Core excludes food and energy prices. It's expected at 2.5% on the year. Last time was 2.6%. So, even core is expected to decrease some relative to the previous number here. At least slow some, I should probably say. Core CPI expected at 0.2% month over month. We got about five minutes left here for this report. About five minutes left. Well, we see 3.3% peeps. A lot of people think so. Sometimes less. Buying Palantir. Silver buy or sell. Okay, dude. Another check.
[01:09:29] Speaker 4: Hey, at least it's a change.
[01:09:30] Speaker 1: I know. Look, I'm not even going to ban that guy. You know? I feel like he's just messing with me. That's fine. Kind of a loophole, you know? Buy gold. Teddy. Stop it, man. Stop it. I don't want to do it, Teddy. I kind of like you now. You know? Five minutes left. All right. Here we go. Five minutes. Teddy just likes living on the edge. You know? Another bear job. I don't hit in the vape. Can CPI surprise like NFP? It definitely can. NFP data showed up shockingly weak numbers. We've been having some crazy numbers here. NFP data has been trending weak, though. Gold is actually starting to fall down a little bit pretty quickly here ahead of the CPI report. I'm looking at oil. Oil's not really moving. Here's the NASDAQ. So look at gold fall down a little bit here. Again, markets are essentially pricing in obviously flat numbers. I've heard a lot of people say 3.3% and they're optimistic that gold is going to go up because of lower inflation data. We have less than five minutes now. We actually have about four minutes left until this report. So we will see what we can get here. Also, guys, use my code BGT. You can use it on Lucid. A great way to help support the channel. Lucid has end of day drawdown. Lucidflex is the single best account to get funded in. It takes two days to pass it. But they also have one day to pass it like Lucid daily. You can take daily withdrawals. I think it only takes one day to pass it and there's no activation fee. And so Lucid's great. You can use my code BGT. It's a great way to help support the channel. We appreciate it. We got four minutes left. I'll put the link up if you want to help support the channel. Here's the link for Lucid. You can use my code BGT on Apex as well. Lucid, take profit, all that good stuff. There's the link right there. We'll put it to the top of the chat. But here we go. We are about to go live here. Gold to extended waiting to short it near 44.50s. Yeah, I mean gold's up even though oil is up as well. Like oil's up, gold is up, which is a strange dynamic here. The NASDAQ is starting to wiggle a little bit though. We do have this report releasing very, very soon. Very, very soon. About three minutes left, Chad. About three minutes. So we are going to see what we get today for inflation data. Most people are pricing in optimistic, you know, dovishness ahead of the CPI inflation report. So most people are pricing in optimism. We have three minutes left. NASDAQ is very green after core weave, super micro semiconductors, and more earnings, nebbius earnings this morning. So chips are up. NASDAQ is up. But there's more escalation in the Middle East. Oil is still elevated at $83 or $84 a barrel. But markets are pricing it in less. Gold is still elevated even with all of this going on. So. I agree with you, Nick. Honestly. I think. John, Lucidflex has trade evade. You can use that on any computer basically that has a web browser and internet. John fan yourself. Insiders are now buying. Now buy gold. Long gold. Gold is the future. E-mini at high a day. S&P E-mini. Yeah, S&P is at highs of the day here. All right, guys. We got two minutes. We're at $77.75 right now for the S&P. Here's the NASDAQ. Gold, NASDAQ, S&P are going up. Is this Insiders ahead of the report? Again, it's expected at 3.4% on the year, 0.1% on the month. Core is expected at 0.2% on the month and 2.5% on the year, I believe. But here we go. We got less than two minutes.
[01:12:49] Brent: You're pretty excited, you know?
[01:12:51] Speaker 1: Yeah. Higher means bullish or bearish. Higher is higher inflation. It means bearish. Probably. 3.6%. Give me your last minute expectations here. We got less than a minute and a half left. What's your percentage year over year? It's expected at 3.4%. Will Bitcoin go up or down? If inflation is higher, Bitcoin will probably go down with most risk-going assets in markets here. All right, guys. Hit the live button next to the play button. Put it in 2x speed. We appreciate it. 3.6, 3.3, 3.6, 3.
[01:13:24] Brent: Gold is the only real money in this world. I mean, I know gold will always have some value. But, I mean, realistically, other than manufacturing, like, as a conductor, I don't really see the value in it.
[01:13:38] Speaker 1: All right. One minute left, guys. One minute. Or less than a minute. We got about 50 seconds left into the CPI report. Still getting out percentages.
[01:13:47] Brent: Realistically, it's just a hunk of metal.
[01:13:49] Speaker 1: Yeah, it's a shiny rock, you know. Might they use it for tech? All right, guys. So, we are seeing big movement here. Look at that candle just now, dude. Very strange. The report's not out yet. But, look at that candle here. Again, inflation drops in 30 seconds. 34 seconds. Look at gold run here. Does somebody have some insider information here? Is what I'm wondering. CPI expected at 3.4%. 20 seconds here, Chad. 20 seconds. Look at that movement. We've seen this in the last couple reports as well. All right. Here we go. 10 seconds. 9, 8, 7, 6, 5, 4, 3, 2, 1. And, here's the report right now. Okay, guys. So, look at the waiting for CPI. CPI, 3.4%. Everything was flat. 3.4% versus 3.4% expected. 0.1% on the month versus 0.1% on the month expected. Core CPI, 0.2% versus 0.2% expected. 2.5% versus 2.5% expected. And so, everything essentially showed up flat for CPI. Not really. But, the NASDAQ does not like this here. The NASDAQ does not like this at all. Again, inflation data did show up flat just now. Wow. As expected, 2.5% on the month or 2.5% on the year for Core. Regular showed up at 0.1% as expected. 3.4% as expected, really. So, everything basically showed up flat. And, the NASDAQ reacted negatively here. So, a negative reaction as expected data here today, though, guys. As expected data increased 0.1% on the month. 2.4% on the year as expected data here, Chad. So, we did have as expected data. Now, let's take a look at some of these actual numbers here from this report. So, let's take a look at some of these numbers here. But, yeah. Basically, flat numbers here. Alright. So, look. We're going to pull up the BLS page real quick. And, again. I'm looking at revisions. I don't really see too much in revisions here. I see intervention analysis. So, July CPI was soft overall. Headline inflation drove up just about 0.1%. The NASDAQ is not reacting well, though. Food was contained. Shelter stayed cool. So, shelter only rose 0.1% for July. So, shelter stayed cool for the second straight month. Rent and owner's equivalent rent each rose 0.3%. So, 0.3% for rent and owner's equivalent rent. Shelter inflation is now 3.2% year-over-year. Food was contained as well. Core services were mixed. Medical care rose 0.4%. Airline fares jumped 2.2%. Motor vehicle insurance fell 0.3%. But, this is a broadly cooling report. And so, sometimes the first move is the wrong move. But, everything was basically flat versus expectations. Again, core inflation 0.2% monthly increase is manageable. Annual core rate ease from 2.6% to 2.5% today. So, again, everything was basically flat, but I would say this is a slightly, what would be considered a slightly cool. July CPI came in relatively softly after June's negative 0.4% print, but still remained subdued and flat. Core inflation, again, 0.2% is manageable. Annual core rate, 2.5%. Shelter coming in soft is constructive because housing is one of the largest and most persistent CPI components. Again, energy prices are still elevated. 12-month energy increase of 14.7% is still a pretty high rise in energy prices. But, again, July CPI came in relatively soft, and I would say this is relatively good. Oil still showed up high. You can see oil. July, it did decrease 1.7% for fuel. Gas decreased 2.9%. Still 14.7% on the year increase in energy prices, though. But, I mean, look, it's not the worst report we could get, you know? And I think the NASDAQ, honestly, is starting to rebound some. Maybe this was the first move is the wrong move situation. But, again, this is essentially flat here. This is essentially flat. Is this bullish or bearish, guys? Let me know. But the data basically showed essentially flat on everything. Yeah, so, again, we'll see what we get. But is this bullish or bearish, chat? Let me know. What do you guys think? I don't have any clue. I mean, I think it's kind of bullish. Yeah, I think it's kind of bullish. But what do you guys think?
[01:18:28] Brent: Yeah, but I can't really read the intricacies of the market like you can.
[01:18:32] Speaker 1: Yeah, I mean, it's mostly bullish. I'm just going to put it out there. I said 2.4, 2.5%. We showed up at 2.4%. I'm just saying. Almost like John was right or something. My original guess was 2.5%. But I also said, I think, 2.4, 2.5%. But everything was flat, which is really kind of strange here to me. 0.2% versus core. All I ever heard you say was 0.4%, so, you know. Yeah, I mean, I think it was basically flat for everything, which is interesting. We didn't really have one that showed up. Yeah, we can look at the Fed watch tool. I think we're going to pause rates next meeting after this. Coming in flat is a win, I think. And markets are reacting as such. Gold is moving up. The NASDAQ is moving up. So, the Fed watch tool page is down. Probably too much traffic on their servers. But I would say this is a win. I think this basically dispels rate hike fears right now.
[01:19:23] Brent: Thanks for the donation, Kareem.
[01:19:25] Speaker 1: Yeah, thank you, brother. I appreciate it. Yeah, I'm trying to check the Fed watch tool. But, again, it's kind of down right now. So, it'll populate. Oh, here it is. It's back up. All right. So, yeah. So, odds of a pause went up dramatically after this. Pause odds are now 56%. They're much more the majority here. They were 48% for a hike. Now, it's 44%. So, they went down about 4% so far in terms of rate hike odds. And that makes sense. I think this basically confirms a pause unless, you know, we get some other escalating things that spikes oil again at much greater levels than they're at now. I think we're going to pause in the next meeting. No? What do you guys think, Jeff? Rate, do we hike or pause in the next meeting? What do you guys think? Let me know. Again, I'll put up a banner that kind of reads this. But everything was basically flat. But I think this is a win. I think this is a good. I think this is a good print. I think CPI data coming in basically flat is a win. Not any big revisions. Again, I think CPI showed up basically flat as a win. I'll put this data up on screen so you guys can see it. But I think this is basically a win.
[01:20:27] Brent: Hey, shout out to the... Sorry, go ahead.
[01:20:29] Speaker 1: No, I'm just going to say shout out to the guy with the donation, man. I appreciate it, dude.
[01:20:32] Brent: Yeah, we very much appreciate your generosity, you know?
[01:20:38] Speaker 1: Yeah, so CPI flat. Sandisk and Keoxia reveal new high-performance CLC flash memory. Yeah, Bitcoin's falling. I mean, the market is kind of not reacting much to it. Because we showed up as expected. So it kind of got baked into a certain extent. Here's Bitcoin. Bitcoin is falling down a little bit here. But it's basically flat as well. It's not really moving in any meaningful way. I mean, the data came in basically completely flat. And so, again, we'll see what happens today. But basically, flat data is, you know... We'll see. CPI...
[01:21:17] Brent: He wants the market to crash so he can do that. I mean, I think he would raise if it called for it, honestly.
[01:21:25] Speaker 1: Yeah. Look, I've had to do it. I'm sorry, Teddy, but you are now banned, sir. You know what I mean?
[01:21:31] Brent: Also, Phony Hawk. Are you saying that he likes to pretend to be Tony Hawk? Phony Hawk, yeah.
[01:21:38] Speaker 1: Yeah. Yeah, I think so. NASDAQ almost got up to 30,000 here. So I'm watching 30K. I'm tempted to buy this dip, to be honest, right now. I think markets were already pricing in this end. But look, screw it. I'm going to go ahead and buy right now. Again, buy or sell. Buy or sell the NASDAQ. I'm going to buy here right now if I can get in. We'll take some size, too. We'll take six contracts right now. I think markets are optimistic now about no hike. So we're going to go ahead and buy this here. Maybe I'm wrong. Maybe we'll lose. It's definitely volatile. But we're going to go ahead and buy this. We bought the NASDAQ here. Let's see if we rise. Again, let me know if we buy or sell this dip. Oxdeck says free, Teddy. Why are you trying to talk like John? Howard. Are you talking to Brent, dude? Honestly, Brent and I basically have similar speech patterns. No, we're two teenagers.
[01:22:29] Brent: We grew up together. We grew up in the same place. Who said that? Where is that?
[01:22:36] Speaker 1: Howard. Traders keep bets on 45% chance of a September Fed rate hike. So traders are betting lower odds of a rate hike. That's why I want to buy this. Wait for the dip at the open, then buy. I'm doing minis right now. We just had a CPI report. So I got minis here. But I do believe we're going to go up. I think at the same time, we were already up a lot and chips are up already. If we look at yields, I'm pretty sure yields are going to dip from this report is my assumption here. But maybe my assumption is wrong just because we see hike odds go down. But I think this is going to revive like some more optimism here. Yeah. So yields, yields are kind of flat. I mean, they were much more elevated right after the report. Here's two-year treasury yields. We can look at 10-year yields as well.
[01:23:20] Brent: I knew I could count on you to get in on the joke, Max.
[01:23:24] Speaker 1: What are 10-year yields doing? All right. So there we go. We got a nice gain. I'm going to sell a little bit up here and just hold half of this position right now. A very small position. I mean, it's right after inflation data. But yeah, 10-year treasury yields are currently at 4.66%. Shelter cooled a little bit. So we'll see what yields do. But they went up a lot right before this.
[01:23:46] Brent: Howard said, don't ban me, I'm not a bot.
[01:23:48] Speaker 1: Just curious.
[01:23:49] Brent: Nobody's going to ban you for that, dude. It was just a question.
[01:23:53] Speaker 1: Don't ban me, I'm not a bot. It's all right, Howard. I'll believe it when I see it, though, bro. All right. We're going to take a little bit more off here. We're at probably $300 on this trade. I think it made sense to buy short term. I think markets are going to, this is going to be a win for markets. Even if it's flat inflation data. But it has to do with rate hike odds, right? So I think, yeah, I think markets are much less likely. I think markets are much more likely to pause next meeting. We'll take another piece off here and maybe add more to this. But I think a long made sense right there. And now we're pushing up here. So yeah, I think this made a lot of sense. We're probably up three something, $400 on this trade. Look at the market rebound here. So we'll hold this now and we're going to be green no matter what. But yeah, look at this rise.
[01:24:36] Brent: John is himself. Brent is trying way too hard. You know what? I'm going to try even harder just because of that. Try hard Brent is his name in high school. Yeah. That's what they called me. I mean, they also called me, you know, failure, Brent. Tried, but didn't succeed. Yeah. Yeah. And no, honestly, this is my sense of humor all the time.
[01:24:55] Speaker 1: No, it really is our sense of humor. You should hear us when you play Halo. But, but no, shorts getting cooked. Yeah. I mean, look, I'm going to go ahead and take profit here. I'm just going to get out. We're going to scout this move, but we are now up a decent amount on the day. You'd love to see it. We got a very large cushion. I still bullish right here. I think markets might like this. I think 30,000 might be like a magnet right now, but who knows? And if you want to help support the channel, guys, like I said, Apex did end their legacy accounts, but they did reduce prices on resets now. So on Apex right now, you have $49 legacy account resets. So reset your legacy account evaluation for just 49 bucks. You can keep trading. If you did get a legacy account, you can reset it now for just 49 bucks. 50 K intraday, no activation fee is just $49 all in a hundred K. No activation fee intraday is just $59 all in single or five pack. It's still 90% off on Apex. And if you want cheap accounts, most day traders lose money. So it doesn't matter what course you take, who you follow. Most day traders are about to lose. If you want to help support the channel, you can use my code BGT on Lucid on Apex or take profit on Tradeify. Tradeify has got their select plan, which is really nice. Lucid has their flex plan and their new daily plan, which are also really nice. But Apex has the cheapest accounts. And so if you want to learn where you don't take too much risk, the base account on Apex is like 15 bucks right now, I believe. So again, if you want to check out Apex, I'll put the link up. Great way to help support the channel.
[01:26:22] Brent: We really appreciate it. And also the new daily thing. I hadn't heard of that.
[01:26:28] Speaker 1: Yeah, you can take daily payouts, no activation fee. There's end of day drawdown options in it now. Yeah, look at gold here. So gold still popping here. Look at gold. So gold's going up. What do you guys want to buy right now after the CPI report? What do you guys want to buy? I don't know what to buy. Bullish John means bearish markets. Dude, I hope not, bro. I was going to say this.
[01:26:57] Brent: Max cracks me up. He's funny.
[01:26:59] Speaker 1: Yeah, dude. Max is pretty funny. Me and my friend in Dubai found your channel. We appreciate your efforts. Hey, thank you, Kareem. My name is John. The other guy's name is John's friend. But my name is John, sir.
[01:27:14] Brent: It's on my birth certificate. John's friend.
[01:27:16] Speaker 1: Yeah, that's right. I said, what do you guys want to buy today? They said buy oil, Alibaba, the S&P, buy Micron, buy Taiwan semiconductors. I'm pretty sure MetaTrader 5 works on Apex, but I'd have to go back and check, Richard.
[01:27:34] Brent: And again, if you guys appreciate.
[01:27:36] Speaker 1: Go ahead, Britt.
[01:27:37] Brent: I was going to say, Kareem, my name is Britt.
[01:27:41] Speaker 1: Yeah, if you guys appreciate the, you know, the stream, use code BGT. Hit the like button, hit the subscribe button. We appreciate it. Gold's still pushing up. It's almost to 4500s. So let's watch 4500s. The NASDAQ is only starting to slightly dip here. 29,927s here. So we're only slightly dipping down. But gold's getting close to that 4500 level here. Sandisk. You want to buy Sandisk? Bitcoin's right at 64,000 here. So it's trying to hold, but gold up to 4500s. Let's see how it reacts to 4500s. MU to the moon, space. Look at silver. Yeah, silver's going to be rallying with gold. I mean, it's doing basically the same thing as gold. But 30,000 is staring at us on the NASDAQ, I think, here. The S&P has been breaking highs of the day all morning. And it might break highs of the day again, just under, I think, 7800s to 8000s is kind of a good level. Who thinks it's going to hit 30 today, you guys? Anybody? I tried to take Britt to the beach, Jonathan.
[01:28:47] Brent: Not hard enough, evidently, because I didn't make it. I tried to break. My feelings were very hurt.
[01:28:53] Speaker 1: Yeah. Yeah, we were going with another couple. And so I told Britt if the other couple backed out, he should come. And they did kind of back out, honestly. They did? Honestly, I was there anyway. You just never saw me. Yeah, for sure. Yeah, you were lurking in the shadows like the lurkers. Uh, I know. I was hiding in the potting shed. Hey, what's up, Universal Code? How you doing? Expected bear turn. I-O-N-Q and UI path. All right, guys, gold. 4,500s here. Let's see if we hold now. I appreciate you having my back, though, Jonathan.
[01:29:28] Brent: You know? Oh, I got your back, dude. All this, you know? No, no. Jonathan in the chat. When he lambasted you about not taking me to the beach. But, dude, who cares about Jonathan in the chat?
[01:29:38] Speaker 1: You know?
[01:29:39] Brent: I bet Jonathan in the chat does.
[01:29:42] Speaker 1: Maybe he doesn't. Uh, all right. Nasdaq's still starting to come down here, though. I might buy again here. We're very green on the day. I might buy this again. I'm going to take smaller size here, though, and maybe slowly add to it as it goes up. 30,000? Yeah, I think 30,000's staring at us. It's, it's, what are we, we're like 85 points away from 30k. And I think less rate hike odds is bullish, but we're already green on the day.
[01:30:16] Brent: When is Britt face reveal? As soon as my cheek implants heal, you know?
[01:30:20] Speaker 1: Yeah. Yeah, that's right. Lurker task force here for good duty. What is the CPI guy's reply? CPI was flat. I'm long again here. It may be a little bit greedy of a long, but that's okay. I think if there's a time for greed. Some people say greed is good. They do. So, yeah. And yes, Jonathan, I do care, you know? Yeah, so look, look at the odds right now on the CME watch tool. Like, look at the odds right now. They are at, what is it? Yeah, 42%. They got down to like 36% for a little while, 37%. But look at the odds on the CME watch tool. Only 42% likely that we're going to raise next meeting, which is an optimistic look. So that's definitely an optimistic look. Let's see if we actually hold here.
[01:31:12] Brent: I know you talk about core and headline all the time, but what is super core? Is that something different?
[01:31:21] Speaker 1: Yeah, so super core is, it strips out food, energy, and housing, and shelter costs. So like rent and owner's equivalent rent, right? So super core, it's basically like a more core of a core. Some people call it super core, you know? So it's a more stripped down version of core? Correct, right? It includes, like core is just food and energy prices. Super core is food, energy, and housing, basically. So basically everything that matters. Yeah, everything that moves markets a lot, they strip it out, you know? Yeah. So.
[01:31:55] Brent: Well, thank you. I appreciate the clarification.
[01:31:59] Speaker 1: Yeah, it's core with the cape. That's right. You know. That's super.
[01:32:05] Brent: That's right up my alley, man. That was funny.
[01:32:09] Speaker 1: It wasn't me that said it. It was Chris in the chat.
[01:32:11] Brent: I know. I know. I see you. Okay. Yeah. That was really funny. That tickled me. Thank you.
[01:32:26] Speaker 1: Yeah. In Australia, apparently, winter runs from June through August.
[01:32:33] Brent: Oh, okay. Thank you, John. I have to go. Well, I'm not John, but thank you, new wine, and I hope you have a great day.
[01:32:42] Speaker 1: Yeah. Smash the light, guys. We appreciate it. I am down in this trade here, but I'm still holding out optimism. I might add to this here and take some risk. I believe we can do it today. I think we can do it.
[01:32:57] Brent: I think you can, too. I think you need some good background music, like, you know, like, take it to the limit. You know, something like that.
[01:33:03] Speaker 1: Yeah.
[01:33:03] Brent: Like, ping pong music. Yeah.
[01:33:10] Speaker 1: All right. We're almost reading the trade. Yeah. We almost watched that yesterday. Oh, dude, it's so funny. Yeah. Yeah, it is. And again, this is an Apex account, guys. If you want the cheapest accounts in the game, check out Apex. Apex. Again, on Apex right now, if you look at this, right? If you want an account on Apex, I got to watch this trade because it's not small size. But again, on Apex account right now, you can get five eval accounts for $75. Five evals for $75. That's roughly $15 each here. You can get a... If you just want to buy one, it's $16.70. If you use code BGT, you got to just use code BGT at checkout. You'll get the max discount. Whatever it is. Code BGT. At checkout, we'll give you the max discount. We appreciate it. Again, Apex link is in the description. It's also... I don't know if I pinned it to the top of the chat, but here's the Apex link.
[01:33:58] Brent: Take advantage, guys. It's a good deal.
[01:33:59] Speaker 1: It's a great deal, they say. Some say the best deal. Yeah. They walk in. They say, wow, would you look at that deal?
[01:34:06] Brent: Wow. I'm not going to get off into it. Sorry.
[01:34:11] Speaker 1: Yeah. Let me see. Let me see if we can move up here, though. I'm at eight contracts here.
[01:34:16] Brent: Oil cratering? Really?
[01:34:20] Speaker 1: Is it?
[01:34:23] Brent: Oil is falling here.
[01:34:24] Speaker 6: Let's see.
[01:34:24] Speaker 1: Yeah, I see it. Let me see if there's news. I'm looking as well.
[01:34:29] Brent: Thanks for the heads up, Max. NATO allies met to discuss Poland, Romania, and not airspace violations. That can't be it.
[01:34:34] Speaker 1: No, I don't think that's it. But I see that news, but I don't think that's it. I don't see any other news either, but look at oil here, guys. I mean, oil dipped with a candle, and then it bounced right back here.
[01:34:46] Brent: Yeah, thanks, Pew.
[01:34:50] Speaker 1: I'm still long in the NASDAQ here. I think maybe we might have to wait until the opening bell, but I'm still long. Missed CPI data. What was it? CPI was flat. Everything was flat. 3.4%, 0.1% of the month, 0.2% for core, 2.5% for core. So everything was essentially flat for CPI. Not really any big movement.
[01:35:08] Brent: And it's just oil dropping. The NASDAQ isn't going up or down or anything, so it's just oil.
[01:35:14] Speaker 1: No, it'll give you five evals learned. So like $75 will give you five of the base ones. So you'll have five different ones. If you lose one, you still have four more. You don't have to trade them all at the same time. Oil's just scamming you. Thanks, bro, for catching me up, you rock. Could be a liquidity sweep. Yeah, oil dipped down quickly. I don't see any news, though. Markets are still digesting. Again, markets are really digesting lower rate hike odds. And that's why I'm bullish here. David Smith, you know what it is. Again, we got, these are the numbers. 44% likely that we raise rates. 56% likely that we pause next meeting here. So that's what markets are kind of digesting.
[01:35:54] Brent: Rate is only good for people with a limited vocabulary who cannot think of a better word. Is that like a slight? I'm not really sure what.
[01:36:01] Speaker 1: I don't know. Yeah, the joke went right over your head, Blue. You know, that's okay. You know, we can't all be geniuses. The joke went right over your head, bro. You've never seen the movie Wall Street, brother? Gordon Gekko? Come on now. I didn't even hear the joke. What was it? What'd you say? Some people say greed is good. You know? Oh. Greed, for lack of a better word, is good. Even I've seen Wall Street, but that's just because I like Michael Douglas so much.
[01:36:28] Speaker ?: Yeah.
[01:36:29] Speaker 1: Joke went right over that dude's head. All right, guys. I think I'm kind of mean about it. I know, dude. Honestly, there's random attacks here this morning. I don't appreciate it, guys. How, you know?
[01:36:43] Brent: Are you feeling defensive now, John?
[01:36:45] Speaker 1: Maybe a little bit. Yeah, maybe a little bit. No, it's okay. I know. Yeah, so it depends on which flex account you buy here. I like the 50k flex, but if you use my code, you can get the 50k flex. It's like a 90 bucks right now if you use my code.
[01:37:09] Brent: It's a good deal, genuinely. I mean, like I was kind of playing around, you know, a little joking earlier, but it is a good deal.
[01:37:15] Speaker 1: Yeah. No hikes. I even enjoy the sequel. The sequel I like better because it's newer. I just don't like Shia LaBeouf, dude.
[01:37:25] Brent: He's a little crazy. Going minor. No, I mean, I don't necessarily dislike him as a person, but I just, he's actually a good actor. Just something about him rubs me the wrong way in a movie. So you're saying you hate Shia LaBeouf. I dislike him in movies. Ruben, my cousin actually met him, you know, like a, like a few months ago, like right before
[01:37:45] Speaker 1: the New Orleans thing. Honestly, I'm the opposite. I kind of like Shia LaBeouf movies. I'm going to make him the title. I'm going to make that quote the title of the stream. Britt hates Shia LaBeouf. NASDAQ, we are now green here. Views might go up. We are green in the NASDAQ. I'm going to take a little bit more off here. Look, so we did get a late spike here. We do have 9 a.m. I'm going to take a little bit more off here. There we go. Take a tad bit more. Hole 2 left.
[01:38:11] Brent: Blue horseshoe loves Anikot steel. I wonder what that could be from.
[01:38:15] Speaker 1: You need to use bigger words, okay? Like, like find a better word than blue. All right. Gosh, dude. Azure. How about that? Turquoise. You know? All right. We are green in this trade. Yeah, I saw Shia LaBeouf fight people on Bourbon Street. As somebody from Louisiana, I can kind of respect it, honestly. Like, even though he's completely out of control. Yeah, he's about to lose. Dude's small. But, you know, I can respect it. It happens, guys. It happens. Yeah. All right. So, we're up in this trade. We're starting to push towards some of these levels here. We've taken most of the profit off. Gold is just under $4,500. Oh, dang, dude. I dislike everyone as a person. Dude, Blue's coming out here. Apparently, it went... Your joke went way over my head, Blue, apparently. I apologize. You're right. He said, John, greed, for lack of a better word, is good. Hence, my joke about limited vocabulary. Dude, that went right over my head, dude. You are absolutely right. I apologize. You know? You're right. I'm wrong. You're smart. I'm dumb, dude. You're good looking. I'm not attractive today. Yeah, yeah. I'm sorry. Cheers to Blue. That joke went right over my head, man. I thought he was a hater.
[01:39:40] Brent: To be fair, I never even heard the original joke until after all this went down. So, I'm just going to, like, voice this all off on John.
[01:39:47] Speaker 1: Yeah, it's my fault for sure. I'll eat it. I'll eat it. Yeah. Blue got me. He was right this whole time. I thought it was a rage made mean comment, which happens. Apparently.
[01:39:57] Brent: But, look, for my misunderstanding, I apologize, Blue. I'm not too big to admit that I was wrong or to apologize, you know? Yeah. No, me too, dude. I was wrong, dude.
[01:40:07] Speaker 1: He was right. He got me. He got me. Shout out to Blue. You're my boy, Blue. Okay? Gold, up to almost 4490s here. 4490s. Yeah, DXB crypto, you know. Yeah, Blue didn't do it over first, bro. That wasn't even over first, man. None of the chat got it either, I think. So, to be fair, I'm not the only one, but. I don't have any stop-losses set now. I'm just watching it. It's right here. We've already taken most of it off. No, that's a good sense of humor, Blue. I can appreciate it.
[01:40:46] Brent: No, it is. It's just a misunderstanding, you know? Yeah. I came in in the middle of the joke, and John just didn't get it.
[01:40:53] Speaker 1: Yeah, that's right. Definitely didn't get it. Who knew? Blue knew. Blue knew for shoe, you know? That it was true. That it was true. And that's why that's my boy, Blue. All right. All right. Let's end this.
[01:41:12] Brent: It's also just hard to pick up on humor sometimes in print. You know, you can't hear inflection and things like that.
[01:41:19] Speaker 1: Yeah. It's hard to understand context in print, too. Yeah. All right. So, again, we're in this trade. Market has barely moved a little bit. We have four minutes left until 9 a.m. Maybe. I think I'm still bullish today. Unless we get more news in the Middle East, I'm still pretty bullish. At the opening bell. At the opening bell, guys. Bull or bear? I'm going to go bull. I got to go bull today. I think this is a win. I think this means we're probably not hiking rates next meeting. That's going to glee more optimism. The only question mark is in the Middle Eastern escalation potential. I do think this is bullish. I think flat is good right now. In a market that fears rate hikes, I think flat inflation is good.
[01:42:01] Brent: I know you guys are going to be shocked, but I'm going to go bull, too. I know I never do it, but.
[01:42:07] Speaker 1: Bull, bear. Bull on gold. Post earnings FOMO. I'm trading gold futures. Buy or sell gold, John? I'm going to go with buy, dude. But, again, I might be wrong. What's up, Bruce? How you doing, Bruce? I thought you might. I'd ban me. Every time I see you, Bruce. Oh, I might have. Every time I see you, Bruce. You know, I have a dog, Bruce. And, like, Rosie's much smarter than Bruce. And Bruce is kind of simple. And so, if I tell Bruce no, he doesn't listen. Like, Rosie, I can shake my hand like this, and Rosie immediately knows I mean no. Or I can go, uh-uh, Rosie, and she'll immediately understand. Bruce is oblivious. Like, I can go, uh-uh, Bruce, doesn't listen. I can go, no, Bruce, stop it. Doesn't listen. You know? In order to make Bruce stop, you have to do a very specific, and it goes, Bruce. Every time. You sound like a freaking idiot when you do it. But he, he, every time I see your name, Bruce, that's what I, you know, I immediately think Bruce, you know.
[01:43:08] Brent: Basically, every time you say his name, to get him to listen, you got to sound like Andre the Giant in, uh, Princess Bride.
[01:43:14] Speaker 1: No, basically. Yeah, that's, that's right.
[01:43:16] Brent: Uh. That's what, wait, that's what, why, why, why, why, why, why, why, why, why, why, why, why, you, so, you know. Yeah, that's right.
[01:43:23] Speaker ?: Yeah. Yeah.
[01:43:25] Speaker 1: Uh, I've been trained in jiu-jitsu more, though, Bruce. Um, hope you're doing good, my friend.
[01:43:29] Brent: Uh. Yeah, aren't you, haven't you been trained in leg locks now?
[01:43:32] Speaker 1: Yeah, I'm learning leg locks. Learning, uh, single leg X, uh, uh, X guard.
[01:43:37] Brent: You're becoming a very dangerous individual, John.
[01:43:39] Speaker 1: I know, listen, man. John the Dangerous, they say. Uh. I wish I could do it. I know, man. I'm sorry, dude. You can do it. You just can't spar, I think.
[01:43:48] Brent: I don't know how to do it without doing that, though. Like, how do you actually train for real-world situations without being able to spar?
[01:43:54] Speaker 1: You drill.
[01:43:55] Brent: Well, maybe you can give me, like, some drills that I can practice on my own.
[01:44:00] Speaker 1: Yeah, yeah, there's a bunch of good ones. All right, 30 seconds until 9 o'clock. Let's see if the market moves at 9 a.m. I'm in this trade still. I am still long. Gold's still pushing up. It's almost to $4,500 an ounce here after this inflation report. And remember, guys, this inflation report, shelter stayed cool, which is a win. Energy prices fell 1.5% month over month, and gas dropped 2.9% in July. Headline CPI bounced a little bit, but it was mostly flat. So, it came in relatively soft here for inflation data. Gold is getting really close to that $4,500 an ounce level. There's the 9 a.m. print. Let's see if markets move here. Gold, very close to $4,500 an ounce. Let's see if this moves anything. Are you a butt scooter, John? No, dude. I'm actually the opposite. I'm like pass-heavy, top-heavy wrestling kind of style. Gold up to $4,500. NASDAQ at $2,900. Gold just tapped $4,500. I'm still in my NASDAQ trade here. And again, I think I'm just going to let this rise, but the 9 a.m. scrum helping me a little bit. Best luck for everybody. We are bullish today.
[01:45:14] Brent: Do you think you would have had a high-pressure style had it not been for the people who trained you initially?
[01:45:22] Speaker 1: I think I learned in a gi first, right? In gi, much less. I like no gi a lot more, to be honest. But I learned in a gi. And gi is more top pressure. There's no heel hooks and knee bars for me or anything like that in a gi. So I just had to learn top pressure. I'm more of like a... I like Darces and Anacondas and Gelatines a lot. And like Ninja Chokes. Those are my go-tos. Alright, but look. We're still green. Gold did tap $4,500 and then reject here. So gold hit $4,500 and then reject it. It's starting to dip down some here. So gold did pull back. Let's see if it holds. That depends. I'm looking at gold futures. Oil still fading. Thoughts on Sandisk? Yeah, Sandisk is up on core weave earnings for good. Sandisk is still rising. MU is over $900 a share right now as well. So MU is now over $900 a share. It's at $9.06 right now. Sandisk is up to $1,350. Memory is just volatile. DRAM stocks are volatile right now for sure. So you just got to be careful with these. I mean, obviously Michael Burry is shorting a lot of these. But these are up specifically because, again, core weave had earnings that were positive. Supermicro Semiconductors had earnings that were positive. Debius had earnings that were positive. So a bunch of AI-centered names went up and those are boosting. Most AI-centered names. NVIDIA is up. MU is up. Sandisk is up. Obviously, SMCI and core weave are up. So AI names have been going up a lot.
[01:46:58] Brent: What was MU's all-time high though?
[01:47:02] Speaker 1: It was like a thousand. Burry got in almost at the top. MU's all-time high was $1,250.
[01:47:08] Brent: Okay, yeah. I knew it was down quite a bit. And where's Sandisk now?
[01:47:14] Speaker 1: Sandisk is right around $2,400, I think.
[01:47:17] Brent: Okay, so it's back up.
[01:47:20] Speaker 1: Yeah. Or no, I'm sorry. Not $2,400. Sandisk is at $1,400. It's $1,350. Okay.
[01:47:25] Brent: Okay, well, it's still up from where it was last time I was on.
[01:47:29] Speaker 1: Yeah, for sure. They've rebounded some, especially over the last 24 hours from earnings last night is what this is. So just big rebounds from earnings last night. Really?
[01:47:39] Brent: Okay. Burry wrecked on NBIS. What's NBIS?
[01:47:44] Speaker 1: Nebius.
[01:47:45] Brent: Oh, okay. I didn't know that was the shorthand for Nebius.
[01:47:48] Speaker 1: Is Burry shorting NBIS? I don't think he is. I didn't see him shorting NBIS. Maybe I missed that. He could be. I don't know. But is Burry shorting NBIS?
[01:47:58] Brent: Burry added to his short on MU at 880, so he's going to get cooked on that. Yeah, it's possible.
[01:48:08] Speaker 1: DRAM FTW. He's shorting it? He did yesterday? Okay, yeah, yeah. I mean, for NASDAQ, we're not at 30,000. I just think 30K is a resistance level for it. Look, we talked about 29,900, and look, that's where we bounced right here. So, we went over it and then bounced right here. I'm looking at 29,900s. My entry is right around that 29,900 level. Did he yesterday? I don't know.
[01:48:46] Brent: You know, I'm sure it's just for the love of the game, but if I made the kind of money Michael Burry made on the big short, all that stuff way back then, you never would have heard from me again.
[01:48:56] Speaker 1: Yeah, no, I feel you. But Burry, I mean, he's already rich, though, to be honest, so it doesn't matter. Some people, like, dude, I get it, but Burry is very wealthy, and so he might be bored and he might be used to working, and working in tech is what I mean, you know?
[01:49:14] Brent: Yeah. No, I was going to say, I meant, like, the original short, like, way back in the gap when he first, I mean, he was probably pretty wealthy before that, but when he made, like, a big chunk of change on the first, you know, the big short. Yeah. But like I said, like, I know for a lot of people, it's just, like, for a love of the game type situation where, like, they're just kind of addicted to the hunt or the thrill, you know?
[01:49:33] Speaker 1: Yeah, no, for sure. Yeah, he's buried to the game, as somebody says in the chat. Nasdaq still rising here. I got to take a little bit more off, I think, right here. And just lock it in, and then sit on the last little piece and see what happens. The opening bell's in 25 minutes. But again, guys, if you want to learn to day trade, most day traders are going to lose money. It doesn't matter what course you take, who you follow, most day traders are about to lose. And so, if you pay $2,000, $3,000 to fund your own brokerage account, you're probably going to lose that, realistically. Most day traders do. Instead, try a funded account program. They give you a demo. They test your skill with a demo account first, right? But you have some pressure. So, like, the base one on Apex is $15. You can get one on Lucid right now for, like, $50. And there's no PDT rule, obviously. And you can day trade it. If you fail, it's not the end of the world. You're still risking something, though. And trading is about learning how to trade under pressure. Like, a paper account, you have no risk, right? You can keep adding to it until you make money. These are a little bit different. If you pass the test, they fund you the same amount. So, if it's a $25,000 account, you pass it. They fund you $25,000. It's a $50,000 account. You pass it. They fund you $50,000. Most of them have a 90% split. And, again, it makes sense because most day traders lose money. And if you pass it, you can start taking payouts and make money doing it. But if you fail it, like most day traders are going to do, you don't lose two or three grand like you would having to fund your own account. And so, it's a middle ground of pressure. And it's incredibly reasonable to do, especially when you're learning. I genuinely wish I had something like this when I first got started. So, it's just a great way to learn how to day trade. If you want to check out the link, there it is. Apex has the cheapest accounts. Lucid, I would say, has the best accounts for funded account rules. And so, Lucidflex has the best rules in a funded account, in my opinion. And so, check it out. Great way to help support the channel. There's the link for Apex right there. Lucid link is also in the description. You can check all of them out. Tradeify has their select plan. Take Profit is good as well. But, again, we're almost at the 930s. Yeah, we're almost at the 930s.
[01:51:33] Brent: Made 1.8K today. Hey, congratulations, XZQ. I'm not sure how to say this. I'm just saying, you know. But, anyway, congratulations.
[01:51:40] Speaker 1: Lost 40K learning the day trade. Yeah, I lost something high like that in the beginning. I didn't lose 40, but I lost something a lot. I lost, like, 4, which at the time was, like, it was the equivalent of 40K to me now.
[01:51:51] Brent: Yeah, I was going to say, that was a lot for you back then.
[01:51:53] Speaker 1: Yeah, that was a lot. And, again, I've told the story. My wife was like, John, don't freaking do it. I did it. I lost it all. I almost cried, you know. Was not happy. I genuinely did almost cry.
[01:52:05] Brent: I mean, this was 10 years ago. Dude, I wouldn't blame you. I wasn't making fun. Like, I absolutely, like, empathize with that.
[01:52:12] Speaker 1: Yeah, for sure. Max keeps saying to look at oil here. And, again, code BGT will get you the max discount. And, it's a great way to help support our free content. Yeah, it's still falling here. I don't see any real big news to this. No, but I'm not mad at it. Yeah. Again, Iran earlier today denied ceasefire talks, though. Iran said there have been no talks to extend the 60-day ceasefire with the U.S. Rejecting reports that the agreement had been reached. Iranian source told Reuters that discussions via mediators instead of focus on Washington returning to the interim pact and setting a timeline for its commitments. Iran says no progress has been made accusing the U.S. of violating the original ceasefire agreement only shortly after it was signed. Straight to form news remains a sticking point.
[01:52:54] Brent: There's a shock. Yep. Home Depot CEO Decker taking temporary medical leave of absence and searching for Brit, apparently. Yeah, just to bring the joke back around.
[01:53:06] Speaker 1: Oh, yeah. It's a good joke. It's a good joke.
[01:53:09] Speaker 3: Poorly executed, though, I've got to say. That's all right.
[01:53:12] Brent: I didn't put a lot of effort in on that one.
[01:53:14] Speaker 1: No, it's all right. That's a good joke. So we will do a Lucid giveaway here, guys. So I'll go ahead and start the giveaway. It's for a Lucid Flex eval. So you just got to enter my coupon code BGT at checkout. Or I'm sorry. You got to enter my code exclamation point BGT. Not yet. I got to I got to still do the giveaway. Hold on. Yeah. Exclamation point BGT will enter you into the giveaway right now. If you type it into the chat. You only have to enter it once, though. Don't spam it. But exclamation point BGT will enter you into the giveaway. Kato knows. So if you enter it in chat, you can enter the giveaway and potentially win the Lucid Flex 50k eval. I'm going to have to request them to give me some, uh, some, um, daily accounts to give away. I'm still in this trade, by the way, though, guys. How long have you been sitting there? I don't know. This might be one of my longest trades. What's your favorite prop for it, by the way, guys? Let me know. Yeah, Wall Street Journal's Nick Timoros says core good prices rose 0.2% in July in the CPI report following two months of declines. This was the largest month-over-month rise since September of 2025. Yeah, last time was negative 0.4%. So, uh, yeah, negative 0.4%. So it went up 0.6% month-over-month, which is, again, the highest month-over-month rise since September of 2025. Markets are still pricing in optimism, though, because, again, rate hike odds are less off the table. Oil is consistently falling down, too, as I speak here. It has to be something doing that. Take Profit's great as well. Take Profit has some great rules, too. A lot of people like Lucid. Apex is cheap, low-and-accounts. It is, yeah. Isn't Vanquish, like, uh, options? Like, option prop firm? Yeah. If you enter exclamation point BGT, you can join the giveaway to potentially win a Lucid Flex account. Tradeify's good. Gold didn't crash because inflation came in flat, Indian. So, like, if inflation would have shown up much higher than expected, gold is rate-sensitive. It has to do with yields, right? And higher inflation is worse for yields. It makes them go up. And so, more people buy bonds when bonds are paying out higher yields, right? And less people buy gold and risk-one assets like the S&P and the NASDAQ and the Dow and all that stuff. So, yeah, I like trading gold a lot.
[01:55:54] Brent: It says, what's BGT?
[01:55:56] Speaker 1: Yeah, I already answered that. Oh, I didn't hear you. Why does no change in CPI mean less likely for rate hikes or am I misunderstanding? It means it because flat CPI is a win. Right now, the big question is, are we going to raise rates next meeting? That's the big question, right? What's a roadblock to a pause next meeting? It's higher inflation, right? So, inflation showing up as expected as a win, it basically means we're probably not raising rates next meeting. If inflation had showed up sky high, let's just speculate and say inflation had showed up at 0.5%, 0.4%. That is going to give much more credibility to the rate hike argument versus a flat CPI report, which means that, hey, we're still flat. We paused last time. And so, now it's looking more likely. And the other thing is, oil went up in July, right? So, a lot of people speculated we could have higher inflation. And we did have higher inflation versus previously. But because of all of that, I still think, I think there's a bias in the Fed to pause. And I think a flat CPI report not being high, not being higher than expected, still being somewhat cool. Shelter still being somewhat cool is going to, again, validate a pause a little bit more. And I think that's what markets are pricing in as well. After this report, again, prior to this report, we had, you know, 50-50 shot. Now, rate hike odds are only 38%. And so, markets have interpreted it the same way, where markets have interpreted it, again, as a dovish report. Lower, you know, less fearful of inflation report coming in flat. In normal circumstances, like a flat report might not move things that much. But, yeah, Pantheon Macroeconomics says, we provisionally estimate that core PCE rose by 0.16% in July, dragging down the inflation rate to 3.2% from 3.3% in June. Our estimate likely will shift slightly after tomorrow's PPI data, but it would take a big upside surprise to leave an increase of more than 0.2% looking likely. Am I the only one that thinks the Fed has it wrong on interest rates and should cut? I don't think we should cut right now. I think oil's still high. Inflation's still over 3%. I don't think we should cut. I think a cut would look really bad optics-wise right now. Britt, I see news right now. Home Depot CEO is taking a temporary leave of absence. Look for me. He might be. That might be what he's doing. How much does Nasdaq drop if they hike rates? Nasdaq's going to drop if they hike rates, for sure.
[01:58:31] Brent: He's going to get that $13 out of Home Depot.
[01:58:33] Speaker 1: Yeah, dude. Yeah, maybe he will. But again, guys, listen, if you want to use my code, if you want to try to win a Luciflex account, exclamation point BGT, might help you. Exclamation point BGT in the chat. You only have to enter it once. We appreciate you guys. But if you do exclamation point BGT in the chat, only have to do it once. You can enter the giveaway. We'll do the giveaway a little bit later.
[01:58:57] Brent: Yeah, the rest of that comment was, this is in the 1970s. We have $40 trillion in debt. It requires $1.2 trillion in money printing to pay on the interest. Yeah, you're not wrong about that. It's pretty disturbing.
[01:59:13] Speaker 1: Yeah, wheat jumps after there's a Russian port strike. See some news about Norway. Burry says Berkshire has lost its Buffett edge. Michael Burry says Berkshire Hathaway is no longer attractive under CEO Greg Abel, questioning his capital allocation discipline. He argues Abel is deploying cash too aggressively in an expensive market instead of waiting for Buffett-style fat pitches. Berkshire spent heavily on buybacks, equities, and acquisitions, reducing his cash pile. Others disagree, arguing he remains disciplined, and Berkshire's strong balance sheet earnings growth in cash continue to support the investment case. Did you see that thing about Russia's port? I saw news that wheat futures erupt after Ukrainian stuff reportedly struck two grain terminals there. So they handle roughly 15 million metric tons of grain exports annually.
[02:00:07] Brent: That had to be in Crimea, right? I think that's their only warm-weather port. Probably, I think.
[02:00:16] Speaker 1: Yeah, I mean, it's BGT. It's beginner trading chart off of BGT. That's what it is, my friend. I tried, though. Yeah, yeah. You almost had it. You almost got it right. NASDAQ's still riding ahead of the opening bell. We got 14 minutes left. 14 minutes. BGT should have raised raised at 21%, 1% or 2%, then left it there. They were late and overreacted. Yeah, when did they start raising it? Like, 2022? Right? Or something like that? Like, 2022 is when they started raising?
[02:00:48] Brent: Yeah.
[02:00:48] Speaker 1: I think you're right about that. Yeah, look at the NASDAQ, though, guys. The NASDAQ is pushing.
[02:00:55] Speaker ?: Excuse me.
[02:00:57] Speaker 1: NASDAQ's getting really close to 30,000. I do think 30K could be like a magnet here. I might add more to this. I don't usually take this long of a trade, but I think right now, again, I told you guys I thought bullishness made sense. Yeah, chart, you still got it wrong. It's BGT. Might be doing it on purpose. He might be. Yeah. All right, NASDAQ just tapped highs of the day here at 950s. Exclamation point, BGT is a prop firm giveaway.
[02:01:48] Brent: Market only goes up. Do you think that was just a mismanagement chip? Or, I mean, are you saying that it was intentional?
[02:01:58] Speaker 1: Market only goes up. Sometimes it only goes up. Kyle Gold. All right, NASDAQ just broke highs of the day. I mean, we're up so much today, but I think I still want to hold this. How much time? I'm going to cut it before the MOO data here with inflation. Oil's still falling down, though, as the NASDAQ pushes. Yeah, it means it's a prop firm giveaway. If you enter exclamation point, BGT, in chat, you might win. We'll pick a random person out of the people who did it later on. Oil's dipping down, though. NASDAQ's over 950s here. I'm going to scale it out a little bit more here. How much am I up on a day? Yeah, I'm up about 500, which is nice. Yeah, so the opening bell here, guys, is in 12 minutes. 12 minutes. I kind of got the inflation report right again. I'm not going to say I got it completely right because my original guess was 3.5. But we got it close enough to write, I think. Yeah, the data's out. It might be scrolling on the bottom of the screen. I'm not saying it is, but it could be. It could be scrolling somewhere around the bottom of the screen here. And it also could be in, like, you know, it could be right here. I'm not saying it is.
[02:03:26] Brent: You should check out Milton Friedman's take on that chip if you're interested in it.
[02:03:35] Speaker 5: Yeah, look at the oil. Oil's still falling.
[02:03:52] Speaker 1: Yeah, what does BGT stands for? Let me know. Let me know what BGT stands for. Paul's eyes still rising. Yeah, I mean, look, we are up 2 on the Fed watch tool. Last time I looked at it, it was at 38%. If I refresh it, we're at 36% hike odds now. So, hike odds are going down substantially after the CPI report. Again, we're at 36% right now. So, they continue to fall. And as that continues to push, oil continues to dip as well here. So, yeah.
[02:04:17] Brent: Hey, supply, that's what I was going to go with, too. Took my answer. But I appreciate it. Scott, Jesus. Scott.
[02:04:27] Speaker 1: Yeah, I don't see any news here on why oil's falling. I mean, it's down to 82%. Neither do I.
[02:04:33] Brent: And I've been intermittently checking, like, since it started dropping.
[02:04:37] Speaker 1: Yeah, I don't know why it's falling down. I mean, it's not dropping that much, but the NASDAQ's doing good. And again, we're still in there.
[02:04:43] Brent: I mean, it's dropping enough to where you would think that a catalyst could be involved. Sure. Yeah, no.
[02:04:49] Speaker 1: 100%. I agree. And look at the NASDAQ here. I mean, we've scaled out of most of this trade. I feel like I'm going to cut it right here, dude. We're just up so much in the trade. I don't feel like giving it back. And I think we have the market on open data in less than five minutes. So I don't want to play with that and hold a position through that and the opening bell. So we'll wait and just take profit there. Pretty good day so far, though. Yeah, I went back to vaping, guys. I'm sorry. I couldn't do it.
[02:05:24] Brent: I'm disappointed, John.
[02:05:25] Speaker 1: I know, dude. I'm trying, bro. I'm trying.
[02:05:28] Brent: I'm just teasing you. I'm not actually giving you a hard time. But, you know, I would like you to quit. It'd be better for you. Yeah, no. I would too, man. I'm trying. But last time I checked, you might be a grown man and you can make your own decisions.
[02:05:41] Speaker 1: I think I can't. Chat's not going to be happy about it, though. Oil is only doing a technical drawdown to support. If it breaks support with huge candles, then I'd be looking for news. Yeah, I mean, I don't see any big news. NASDAQ is rising here, though. So the bold thesis on the NASDAQ after CPI was correct. I think markets are just getting more optimistic regarding rate hikes not happening.
[02:06:04] Brent: Wait, did you make a deal with the chat while I was gone about shaving your beard if you didn't quit vaping?
[02:06:09] Speaker 1: I did, but it was only for the first week. So, you know.
[02:06:13] Brent: Come on. Don't loophole it.
[02:06:15] Speaker 1: Dude, I'm not shaving my beard, dude. I'm not doing it.
[02:06:18] Brent: You know. You would look 17 again.
[02:06:23] Speaker 1: They're making a movie about me, Britt.
[02:06:26] Brent: Oh, yeah? Is that a Zac Efron reference?
[02:06:31] Speaker 1: Yeah, that is. Yeah, that's right.
[02:06:33] Brent: Okay. Just making sure.
[02:06:36] Speaker 1: All right, guys. All right. NASDAQ still. I think NASDAQ wants $30,000. It's very close to $30,000. Again, look at us push. $30,000 is right here. So the NASDAQ very, very close to $30,000. Here it is. $30,000 right here. They're still very close to $30,000.
[02:07:00] Brent: $16,000 for John post shaving.
[02:07:04] Speaker 1: I'll shave one day. My wife actually wants me to shave. I don't know if I'm doing it. I like to just keep a little bit. Like, just a little bit. You know.
[02:07:11] Brent: A little 5 o'clock shadow.
[02:07:12] Speaker 1: That's my style.
[02:07:13] Brent: Just keep just a small patch. You know?
[02:07:15] Speaker 6: Yeah.
[02:07:17] Brent: Start doing beat poetry.
[02:07:19] Speaker 1: Yeah. Okay. Will we break $30,000 today? It's looking like it. I was bullish for the opening bell. But at this point in time, let me end this poll. Let's do another poll. What's a better poll? Bull or bear for the opening bell. I think it's a good poll. We never do that one. Yeah. I switched it up. I put bear first, though.
[02:07:46] Brent: Well, that's totally different. I'm going to go bull.
[02:07:51] Speaker 1: Yeah. What about you, Jonathan? Do you mean Jonathan B? Jonathan? Yep. Yep. Oh. I don't know. I would have said bullish, but we've pushed up so much here. It's hard to tell. The market on open data releases in about a minute and a half. I want to see what that looks like first. Gold, on the other hand, has been, you know, moving for sure here. Here's gold. So gold is pulled all the way back here. It's basically flat from the CPI report. But the NASDAQ has loved the rate hike odds going down. The NASDAQ is right around $30,000. I think we might tap $30,000 and then pull back some, to be honest. But I really don't know.
[02:08:25] Brent: Kind of what Chip says. It says bear first 10 minutes, then bull the rest of the day. Oh, no. That's the opposite. But anyway.
[02:08:32] Speaker 1: Yeah. Yeah. That's kind of, I'm basically the opposite of that. But who knows? I really don't know.
[02:08:38] Brent: I saw it, but I kind of saw it while I was, like, scanning. And so I didn't really read the order at first.
[02:08:44] Speaker 1: Yeah.
[02:08:44] Brent: No, I feel you.
[02:08:48] Speaker 1: Don't lambast me, you guys. Everybody messes up. $3,000 then bear. Yeah, that's kind of what I'm looking at. It's $3,000 then bear. I think the NASDAQ, or $30,000 then bear. I think the NASDAQ wants $30,000. Okay. All right. Here's the market on open data in 30 seconds.
[02:09:05] Brent: Climb inflation is maybe 25% to 30% since COVID. Yeah.
[02:09:12] Speaker 1: Yeah, Teddy's gone. Teddy tried to post his Instagram handle, which is probably a scam, where they're like, buy gold, and then they send people to the Instagram, and then they somehow get them to WhatsApp. And so I think Teddy actually was a bot the whole time. I can't really tell, though, but, you know. Yeah, I'm trying, Blue. Green open pullback around tennis. Justice for Teddy. I'm pretty sure Teddy was a scammer, guys. Dude, what kind of article is this? I see one of these, like, it doesn't really give any context to this. It just says, the West has handed control of medicine to China. No sources. Doesn't say the source. Doesn't say who said this. It just says, the West has handed control of medicine to China. That's it. That's the news release. What the hell is that mean, dude?
[02:10:09] Brent: I don't know. It's true, but I don't know the context there.
[02:10:14] Speaker 1: Yeah, there's no context. It didn't give sources or anything. These news articles are funny. All right, guys. So there's the market on open data. Didn't really move things that much. NASDAQ's still high. Gold pulling back some, though. Chips are still up. MU is very green. MU's almost back up to 910. Sandisk all the way back up to 1350s. SK Hynix is all the way up to 150, basically. Where's SpaceX today, dude? SpaceX at 135. They're still doing better than it was. Oil still down. Still technically red on the day.
[02:10:43] Brent: Yeah, what could go wrong, huh, Chip?
[02:10:47] Speaker 1: Yeah. Free teddy shirts coming soon. Show me the money. Hey.
[02:10:53] Brent: Just bought oil. Pray for me. Hey, I hope it works out for you, Pew.
[02:11:00] Speaker 1: It might, dude. I don't know. I mean, you and Max can, like, find it out, I think. But, yeah. Remember, guys, Exclamation Point BGT will enter you into the giveaway if you haven't entered it in the chat yet. We're going to give it away after the opening bell sometime. But Exclamation Point BGT will enter you the LucidFlex eval giveaway. It's a 50k LucidFlex account giveaway. Exclamation Point BGT will enter that giveaway. Opening bell is in three minutes, guys. Three minutes. Only 154 short. Daily take profit. You only have to enter it once. If you haven't entered it yet, you don't have to enter it again. Yeah, I play chess sometimes. I get beat by, like, you know, accounts like RobloxBuddy537.
[02:11:51] Speaker 5: Hey, that's all right.
[02:11:54] Speaker 1: I've gotten better, though, bro.
[02:11:55] Speaker 5: I've gotten better, you know?
[02:11:57] Brent: John's like that kid from searching for Bobby Fischer, except he's even better.
[02:12:01] Speaker 1: That's right. Yeah. It's a gift. It's a gift. All right, guys. Here we go. Two minutes. NASDAQ's still basically at highs of the day. Look at the NASDAQ pop here. So, we just popped over highs. 30,000 is right around the corner here. So, I still think we might hit the, I still think we might tap 30k and then pull back some. But I might be wrong. All right, look at the NASDAQ. This could be news. What's the oil doing? Oil's not really moving here. So, this could just be, I had the daybreak ahead of the opening bell. We got two minutes left. We're very close to 30k. Again, 30k right here. It's right here. CPI was flat stoned. It was essentially flat. All right, opening bell's coming soon. Coreweave's still pushing up. MU's been pushing up all morning. Coreweave had earnings. MU's up to 912s. NVIDIA broke highs of the day as well. Got up to over 221s for a little bit. Sandisk just broke highs of the day as well at 1357 right now. We're waiting. Simis, yeah, semiconductors are what's moving. Yeah.
[02:13:33] Speaker 6: All right.
[02:13:55] Speaker ?: All right.
[02:13:55] Speaker 6: Let me see this.
[02:14:09] Brent: All right. 15 seconds. Good luck, everybody.
[02:14:17] Speaker 1: Yeah, here we go, guys. We got 10 seconds now. Let's see if we actually hold. All right. Here's the opening bell. Good luck, team. All right. So, let's watch gold in the NASDAQ. Here's oil. Here's the NQ. NQ just tapped 30,000. Just got right up to 30k. Tapped it. Back down to 299.98. Let's see if we get over 30,000. Let's watch chips, though. Look at MU at the opening bell up to 916s here. NASDAQ just tapped 30k.
[02:14:52] Brent: I think we're going to break 30k.
[02:14:55] Speaker 1: Yeah. I mean, we did already for a little while. We got up to 30,001.75. So, we did break it at least a little bit here.
[02:15:02] Brent: Yeah. But, I mean, like, consistently, long-term, whatever you want to say.
[02:15:05] Speaker 1: Like, wait more? Yeah.
[02:15:07] Brent: Not necessarily wait more. Just.
[02:15:11] Speaker 1: Yeah. MU and SanDisk running. But, we did tap 30,000. Now, we're starting to dip down some. Yeah. There's the pullback. We hit 30k. Tapped it. Now, we're starting to dip. Hey, Johnny. What do you think the outlook is for gold? I mean, I think gold's already up a lot. Look. NASDAQ coming back down again. And it doesn't mean we're not going to come back up. But, this is what happens at big milestone levels sometimes. Is that, like, there's so much optimism. Optimism. Optimism. We tap the big level everybody's waiting for. And then, everybody's take profit starts to set in here. And, the NASDAQ dips. We told you guys we could. Like, that's what I thought we would get at the open. There's a tap of 30,000. And then, a pullback. And, look at this drop. So, red showing up at the opening bell. It's not a crazy big red. But, it's definitely some red showing up at the opening bell. Look. Here's the pullback from 30,000. And, so, this does. This is what happens. You only got to enter it once to learn and enjoy. I'm pretty sure you're already in there, dude. We're almost down to 29,900s now. Do we hold down, guys? What do you guys think? Are y'all up or down on the day? I'm green on the day, for sure. But, we lost money yesterday. We're here first 10 minutes, bull rest of the day. Say, disc up 6%. Yeah, MU is up. NASDAQ is up. Don't hit my stop loss. Green. Let's see if we hold.
[02:17:01] Speaker 3: Look, we're still dipping here some.
[02:17:12] Speaker 1: Still dipping some here. We have that 30,000 level. Now, we're just falling back down. I'm tempted to buy this. But, simis are kind of what's pulling back here. What time is it? I can't really trade yet. I'm going to look for the 200 exponential down here. We'll add more to this. We just bought a little bit. I'll add more. I'd like to add more to this, but it's very small right now. But, I'd really like to add more. Rangy green. Green. Green. VWOP. Hyperliquid. I'd like to add more to this. I want the 200 exponential, ideally. But, we are also in kind of the high volume area here, the volume profile. So, I have to be careful. Bearish first 10. Well, we got to bounce here. I might add to it if we keep going up. Well, no. I mean, I'm in a trade. I'm going to be wrong. I mean, I'm long right now. But, I'd like to add more, to be honest. I need more green. I mean, ore. I'd add more to this. Let's see. Go dipping some here. What are you guys trading this morning at the opening bell? I might add more to this if we get down to the 200. We started very small, but I want to add at the 200 exponential. I'll also add more if we go really green. But, I'd like to add some around 880s. 875s right here around the 200 EMA. Pre-market low. Base X. I'll add more around the 200 EMA. There's 880s. Let's see if we get 875s. There's 75s right there. There's 200 EMA. There's 200 EMA. There we go. Alright, we got a nice, clean balance at the 200 exponential. Just be patient, though, here. I'm going to still let it test the 200 and see if that props it up. Very small right now, though. I'm going to take a little bit more off up here at the top and then maybe add back if we start to dip down some. Alright, I'm in very green trade so far at the open here off the 200 EMA. I'll sell right here and get out. We're up a lot on the day. We're up like 600, which is nice. But I really like it. This is why I love the 200 exponential, especially on volatile days, right? Like 200 exponential on a one-minute chart. Right here. So you can see that's where we decided to add and get in. Remember, guys, if you weren't here, exclamation point BGT will join the giveaway. So you can enter exclamation point BGT. Join the giveaway if you haven't already. It's a lucid flex giveaway. So, man, that 200 exponential did hold really nicely.
[02:21:40] Brent: Get in on it, you guys. And also, we're four likes away from 600, so help us out real quick. You know, get the like button.
[02:21:47] Speaker 1: Subscribe. Hit the notification bell. I don't know what our subscriber rate is at right now. We're heading towards 176K.
[02:21:54] Brent: Heck, yeah. And you guys should join us in the Discord. You know, John gives a market brief every morning.
[02:21:59] Speaker 1: We do, guys. Listen, we do give a morning market brief every morning. I'm still, we got in a long on the NASDAQ here. But we break down what's going on in markets every single morning in our Discord. And so if you have not already, it's completely free. It doesn't cost anything. We basically do a morning market brief every single weekday morning right here before the market opens. So you can kind of see this morning market brief right here. Look at everything going on in markets. All that good stuff. So check it out. Join our Discord. We're here. We got some great traders in there also. I'll put the link up right here. Check it out. Here's the link.
[02:22:31] Brent: Heck, yeah. I like the little kid dancing in the disco deck.
[02:22:35] Speaker 1: Yeah, yeah. That was Apex. One of our members there. You know, it was like, John's in the chat. And I posted that. You know, but here's, join our Discord. There's the link right there. Tron, you only have to enter it once, my friend. You only got to enter it once, dude. NASDAQ at 2,900. You mean this green line right here? It's the 200 exponential on a one minute chart. That's what I'm saying. It's a solid level. I use the 200 exponential. That's what this light green line is right here.
[02:23:07] Brent: I think they mean the white line tracking with the candles.
[02:23:10] Speaker 1: Oh, I think that's the nine.
[02:23:14] Speaker ?: Okay.
[02:23:15] Speaker 1: Yeah, so I think that's the nine. We're looking at this here. We'll see if it holds, but we're looking at this 200 exponential level right here, short term. This level can act as somewhat. I put more weight. This is the longer term moving average. And so it has more influence, generally. VWAP's down here. This is the VWAP down here at 8.10s.
[02:23:38] Brent: I found the 200 exponential on trade of eight. You have to go to, I think you go to indicators. I can't remember.
[02:23:51] Speaker 1: On trade of eight, you go to indicators, moving averages, and you set EMA, HMA, SMA, whatever we want. All right, we're testing that 200 EMA now here, though. So we're back to the 200 exponential. Again, my limit order fiddle, DRAM, record with the VWAP, short Bitcoin. Yeah, so we're now under the 200 EMA here. We're looking a lot more bearish. All right, we're in the first 10 minutes of the day here. Still dropping. I gotta just wait, to be honest. It looks bearish, but I gotta just chill and wait, I think. We're starting to fight the 200 EMA. One minute candles. Yeah, I mean, we're looking at the short term market action here. I look at five minute also, but I got a bigger screen on the bottom that y'all can't see. Sorry, Carol called. All right, we're at 880s now, 890s. Interesting on the 200 EMA works on the one minute. It's algorithms. Tiny is what it is. Like, algorithms love the 200 exponential. On a short term time frame. I mean, I think it works on a bunch of different time frames, but... I might buy this dip now here, guys. We'll take a small position here.
[02:26:40] Speaker 4: See if we head up. Now we have a small contract here. I don't think we've had a losing trade today, but... I mean, be careful. There we go. We get under the 200, I'll cut it, though. But it's small right now. Where's my music? There it is.
[02:27:15] Brent: Can you please explain your strategy?
[02:27:20] Speaker 1: My strategy is mostly a mix of range, milestone levels, 200 exponential VWAP, and isolated confirmations. Obvious confirmations is the better way to say it, maybe. Essentially, I look for isolated levels that people like buying at. Like, 7.5 and the 200 exponential. I like the first test of it, though. You can see the first test of the 200 exponential goes like this. And then we just rip. And then we might come back and test it. So I only like the first test, which is right here. That's the one we made a bunch on. This is the second test, but we also reclaimed it. So sometimes I'll look for, like, the markets to break under the 200 EMA and then rebound back up. And then I'll buy the dip and look for a continuation bounce after reclaiming it. But it doesn't always work that well. So I start small and then I add to it if it goes in my favor. So that way I don't take too big of size on lower off. Like, you know, I can start small and then add to it and usually have a pretty good edge there. I also take a bunch of base hits. I very rarely have, like, one big green trade. But there we go. And so I kind of get into trades where I make 50 to 100 bucks, but I get into them often. And I let my accuracy play out. And I'll take a little bit off sometimes and then add back. Back to it if it goes even more green. Because that way I have kind of house money. Like, I've already made money on the trade so I can take larger size. And if I lose, I'm break even. If that makes sense. So just risk management.
[02:28:41] Brent: I was about to say you practice tighter risk management until you build up a cushion.
[02:28:44] Speaker 1: Sure. Yeah, that's exactly right. Extreme fear and capital preservation. I mean, I would say it's like break even reward to risk. Building cushions. Adding to cushions. Taking more risk when I have more profit. Versus a lot of people that just kind of gamble straight out the gate and take huge size. And, you know, sometimes it doesn't work out for them very well. I think it's better to just take it slow, trade small, build up a cushion, and then take risk. Alright. We're green on this trade, but I might cut some of this here. I mean, we'll give it a second though, actually. Like, I move my stop to break even a lot if I'm not managing it, like, watching it closely. But, I'm going to get out here if it doesn't work. Tomorrow's PPI inflation data, so it's arguably could be more volatile than today. A lot of times producer prices get passed on to consumers. And, we'll probably cut this break even. I don't even know if I'm going to let it hit the stop loss I just said. But, I'll give it a second if it continues higher. Which, it looks like it wants to. But, we're also really range bound right now. Do you buy bullion physical gold? Not at these prices, I don't. Yeah, maybe like a month ago.
[02:30:18] Brent: Yeah. Also, at first, I thought you were talking about, like, bullion. Like, who's going to buy bullion?
[02:30:25] Speaker 1: Yeah. It's a Cajun, it is. Sometimes, like I said, we have Herberts. But, we pronounce it a bear here. Alright, I'm going to go ahead and cut this right here and get out. We're very green on the day. What are we up right now? Yeah, we're up about 600, so that's fine. Back to 30k? Maybe back to 30k. I don't know. I hope we get back to 30,000. I don't know if we're going to. But, I hope we do.
[02:30:51] Brent: Yeah, I had a friend who lived on, like, an A-Bear Street. And, everybody who called them, like, you know, bill collectors and whatnot, was like, yeah, do you live on Hebert? Is this Herbert Street?
[02:31:01] Speaker 4: You know? Yeah.
[02:31:08] Brent: Also, when I said bullion, I was talking about, like, chicken bullion. I was just making a joke.
[02:31:12] Speaker 1: Yeah, no, it's a Cajun joke. I got it. You didn't get it. Oh, I got it. Okay. I believe you know. Bullion is obviously Cajun.
[02:31:22] Speaker 4: Yeah.
[02:31:25] Speaker 1: If you're Cajun, you know. Honestly, we bounced at the 200 exponential again. Look at MU still ripping, though. This is probably dragging the NASDAQ up. MU up to 920s. Let's see what happens here, but Chips are starting to rebound. Semis are starting to rebound. Sandus moving back up. NVIDIA has fallen since the opening bell, but it's testing highs of the day as well.
[02:31:47] Brent: You made me think of George Costanza saying Hebrew. Apparently, I remind people of George Costanza all the time. I mean, like, a less attractive version of him, but, yeah.
[02:31:59] Speaker 1: Have you seen George Costanza if he shaved his hair and grew a beard? No. Watch.
[02:32:10] Speaker 6: Hold on. Watch.
[02:32:12] Speaker 1: Okay. It kind of goes to show people should just shave their hair. All right, NASDAQ starting to rebound. I should have held that long. But look. You know? Hey, look at that. You see here. All right, NASDAQ still climbing back. We're still in the high volume area, but the 200 exponential is holding fairly well. It does look better. Yeah, it does. Absolutely does, yeah.
[02:32:38] Brent: His hair ran away from his head and appeared on his face. That's right.
[02:32:45] Speaker 1: Yeah, we're getting up there. I mean, look. I should have held the long, but. The 200 exponential doesn't always hold the second or third test, so I'm okay with getting out.
[02:33:01] Brent: Jason Alexander. That's his name. I just thought of it.
[02:33:09] Speaker 1: All right, NASDAQ starting to get back up there, approaching highs here. I think markets are still really optimistic right now because of, I think markets are just really optimistic right now because of, because of lower hike odds. What are the hike odds now? Have they changed at all since we last looked at it? They were at 36% last time. They're currently back at 38%. So they're wearing a look. Look at that candle here. So we got a big green candle now. Starting to head towards the top. Looking at news. I don't see anything. But I do think, again, this eases some pressure on the Fed to hike rates. 200 exponential trade was perfect. I mean, I got in and got out like I normally do, but it was right. The 200 DMA was right. And this is what I was trying to say. Like, it's a good level to watch for sure.
[02:33:59] Brent: I didn't get out like a thief in the night. I'm down.
[02:34:01] Speaker 1: I did, dude. I got out real quick, bro. Yeah, real quick. We got it out of that thing. All right. So let's see if we, I'll buy another pullback too. We get a dip down to 950s. I might get interested. Even if it's just like a micro pullback, like I still might buy it. All right, guys. And also, we're going to give the giveaway. How much time should we give the giveaway?
[02:34:40] Brent: What did I say? 10 minute bear, then bull. I mean, I guess you're right, Chip.
[02:34:45] Speaker 1: Yeah, we're going to give away six minutes to join it. BGT if you want to win a Lucid Flex account. You got to just enter exclamation point BGT in the chat. We'll give you guys six minutes. All right. I'm buying right here, dude. Screw it. Y'all tuck me into it. I don't know what y'all did to tuck me into this, but we're close enough to highs. The problem with trades like this is like if it looks so optimistic is that when it doesn't work, you get like a huge influx of sales is the problem. So you just got to be really careful. I'm going to set a stop loss down here just in case it doesn't work. But again, you got five and a half minutes to join the giveaway if you want to try to win an elusive flex 50k eval.
[02:35:32] Brent: I think you guys should take advantage of it personally.
[02:35:35] Speaker 1: Yeah. Most day traders lose money, guys. So if you haven't already, again, prop firms make sense. You might hear people talk smack, but like they're useful. I would genuinely wish I had these when I first got started because most day traders lose money regardless of whether they're new or not. Most day traders are just about to lose. And so it doesn't make any sense to fund your own account thousands of dollars. It makes sense to try this. I just got stopped out. Yeah. You can see how fast it's falling down. Exactly what I said. Like when these don't work, markets get nervous quick and the sell offs happen. Luckily, I had a stop loss set and it's pretty small and we're still up about 450 on the day. But yeah, most day traders lose. And so it's a great way to learn. If you want to check out Apex, they have the cheapest account. I would say out of all the accounts, Apex are the cheapest. And so you can see the link pinned at the top of the chat. You can also see in the description. You can use my code BGT on LucidApexTradeify. What's up, dude? Oh, sorry.
[02:36:27] Brent: I was just going to say, were evals not a thing when you first started or did you just not know about them?
[02:36:31] Speaker 1: I mean, they were basically not a thing. Like they basically didn't exist when I first got started. Okay. And so I had to fund my, like even like the PDT rule was still there too. So I had to trade, like I needed 25K or I had to go like overseas and what's called an offshore brokerage, which is kind of like a sketchy form of a brokerage and, you know, deposit. And it was just, the whole thing was sketchy. Yeah. I wish I had something like this. I would have still lost, but I probably would have lost much less. Would have mitigated your losses. Yeah. No, a hundred percent.
[02:37:05] Brent: I lost 3K then ended up making 200K later. Hey man, that's awesome. Dark age. I did not make 200K.
[02:37:12] Speaker 1: Yeah. No, I didn't either. Uh, that nine, nine, 900 level we drew earlier, still holding a support. Uh, but again, guys, we got three and a half minutes. If you haven't entered it yet, you can enter exclamation point BGT at checkout, get the discount. So far we got Kato, Sanal, Drops, Alexis, Sage, Jared, Hood, AJ, Rado, 920, Rambling, Wolf, Learn and Joy, Kevin, Asif, Trade the Nine, Chickland, uh, I love Crayons, Bromax, uh, Little Faker, Leonardo, Ahmad, Reaper, Nye, Romu, Soapy Soap, Top 40, Juan, Summer Sunrise, Knights, K, Morris, Peck, Order, Fred, Kristen, or Krister, Feta, Allie, VK, Michael Dirksen, Tristan Snyder, Inferno, George, George O, Fred, God's Chosen, Cajun, No Problemo, Beef Jerky Man, Reaper, Cool Beans, Odin, Jamak, L, Matthias, we got a bunch of people in here, bro. Join the, join the freaking giveaway, exclamation point BGT. We got a lot more than that too. That's probably not even a third of the list, but yeah, I love Crayons, what a great name. I don't know why that made me laugh, but it did. It honestly made me like chuckle a little bit in my head. Uh-oh. Uh, the Discord link is right here. It's alright. Pulled my camera down. I think I might have broken it. Not the camera, Brent. What are you going to do now on stream, bro?
[02:38:47] Brent: I know. I use it for my TED Talks, man.
[02:38:53] Speaker 1: Are we breaking 30k today? We already broke 30k once. I don't know if we're getting back up there. Um. Don't worry. Nasdaq's still, yeah, Nasdaq's still dipping down some. We got this orb set up here, potentially, though. Um. Anyway, I don't even remember what you're talking about. Orb set up's about right here. So, here's the top and bottom of the orb. We're watching for it, the 15-minute orb. Yeah, we got a minute and a half, guys. So, you got a minute and a half to join the giveaway. Time's running out, chat. Time's running out.
[02:39:34] Brent: Do it now, you're going to start hearing the, like, the, the, the warning music in Sonic on the water level. Yeah, that's right.
[02:39:45] Speaker 1: You can also give me a follow on x.com at Beginner Trades. Jim Kramer says, tomorrow we talk simis on CNBC Investing Club call on noon. I want to start a club. John's Trading Club. Uh. Maybe it's coming soon here. John's Trading Club. We can get hats. We can be, like, the neighborhood watch. Get jackets. You know. Uh. And as that's coming down, it's under 29,900. It's back to 200 exponential here, though. So, we're still at the 200 EMA. Why Microsoft is so red? Uh. Software's down because simis are up so much. They kind of have, they're counter-trending right now. Simis go up. MU, SanDisk, Indudia, software companies. And Microsoft's kind of a proxy for software right now. So, it's been heading down. Fight Club. All right, guys. Look, we got, I'll give you guys 30 more seconds to join the giveaway. Exclamation point BGT. You can use it on Lucid, Apex, Tradeify. This is for a Lucid 50K eval. Flex eval. But you might be able to squeeze in one more, you know. One more join here, if you haven't already. Exclamation point BGT. We'll end it in 20, 19, 18. Look at the NASDAQ dip. 17, 16, 15, 14, 13, 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2 and 3 quarters, 2 and a half, 2 and 1 quarter, 2. 1 and 3 quarters, 1 and a half, 1 and a quarter, 1, 3 quarters, 0.5, 0.3, 0.2, 0.1. Dude, I gave you all the time you can get. All right, let's pick the winner here. The winner is... Let's see who wins this Lucid giveaway. All right.
[02:42:04] Brent: Pew going to win it? The winner is...
[02:42:11] Speaker 1: Barry L. UFC. Barrel UFC. I don't know if it's Barrel or Barry L. UFC. You've won, sir. You've done it. You've won. Barry, show yourself in the chat right now. Be Mary, Barry, because you've won. All right? Mary, Barry, quite contrary. Yeah, you've won in the good way. Hey, dude. Show yourself in chat or you'll lose it. Barry, where you at, dude? Don't... Don't... Don't sherbert me. Barry, are you here, sir? Announce yourself. I'm going to give you guys T-minus 45 seconds to show yourself. Barry, UFC. Is this Pat Barry from the UFC? I don't see him in the chat. So, I think Barry left. Honestly, I can tag his name and he's not in here, dude.
[02:42:59] Brent: Barry, aka Britt. No. I am... I have more scruples than that. I don't enter these competitions. Yeah.
[02:43:08] Speaker 1: That would be a conspiracy. Yeah. Yeah, Barry left. Barry's not a bot. I've seen him talk before. He just left the stream. He's not in here anymore. I don't... I know. We'll pick somebody else here pretty soon. He might still be able to enter it, actually.
[02:43:29] Speaker ?: So...
[02:43:29] Speaker 1: Got sherberted again. Yeah, we started the giveaway way before the open, so I'm sure he's out of here. All right. We've given Barry enough time.
[02:43:41] Brent: Oh, Barry left, but told you to collect for him, huh? Well, in that case... No. Good try, though. What?
[02:43:51] Speaker 1: All right, guys. NASDAQ's starting to bounce back higher here, though. NASDAQ is starting to move higher. I don't think we have anything in 10. No, we don't.
[02:44:01] Brent: Barry, where's Barry?
[02:44:08] Speaker 1: Barry will not be Barry when he hears that he lost this giveaway. All right, guys. So let's go ahead and pick another winner here. All right, so the next winner is... Read this. But it's with an E. Read E this. Let's see if you're here, dude.
[02:44:35] Brent: As in, like, reads down by the water.
[02:44:37] Speaker 1: He's not here either, bro. Dang, dude. All right, read... Read, uh... Whatever your name is. Read this. He's won. But I might have to re-spin again, because I just checked the chat. He's not here anymore. This is why you don't do giveaways, like, before open and run them for an hour, because half the people leave, and then they don't win.
[02:45:00] Brent: Bravo Rialto evidently identifies as Barry.
[02:45:09] Speaker 1: Yeah, read... I can't think of anything right now. Read. Read's giveaway hopes were cut down like a weed, because Read did not announce himself in chat for me to read. Is that good?
[02:45:26] Brent: All right, guys. Boo this. Boo this man.
[02:45:30] Speaker 1: That was terrible. All right. I'm trying over here. I tried to... Oh, wait, wait. Read is here, dude. Hold on. Read is the last name. Yo, I'm right here, bro. Yeah, bro. Read, you're about to miss it. Read is here. I know. I know. I see you, Read. I know you got more than one name, though, Read, because when I first checked, you weren't here. And now you are here, which means that you were creeping on another account. That's all right. I allow it. I'll allow it. Or maybe it's just not showing up that you're here. Hold on. Where'd you go? Anyways, you've won. Barry is here? Oh, dude. Oh, your connection went... Dude, who won my connection with Barry? Nobody tell him. I'm sorry, Barry. Read is won now. Read won, Barry. First thing I've ever won.
[02:46:22] Brent: I only have one left.
[02:46:25] Speaker 1: I only have one account to give away to, so I got to request more. But I'm sorry, guys. I'm sorry. If you want me to get more accounts, use my code BGT on Lucid. All right.
[02:46:37] Brent: We need your support in order to give you more support.
[02:46:40] Speaker 1: Yeah, so look, Read. Are you in the Discord, Read? Join the Discord, and I'll send it to you, brother. Here's the Discord link if you don't have it. Yeah. I might have accidentally put... Oh, no, the F is on there. Okay, there's the Discord link right there. Yeah, y'all got to use my code if you want me to give you guys more.
[02:47:07] Brent: Did I actually win? My connection went in the toilet. Yeah, sorry, dude.
[02:47:11] Speaker 1: Nah, you didn't win. Don't worry about it. Yeah, don't listen to the chat. They're beacons of dishonesty today. I'm not, but I'll join today. Okay, yeah, just join. Just leave a message in the main trading chat. I'll send you a DM, dude. All right, guys. So we are green on the day. Thanks to all the subs. We're almost up to 176,000 subscribers today. I appreciate you guys. Heck yeah. Awesome, you guys. Thanks for the support. Yeah, thanks for the love chat. It's not love shack. It's love chat.
[02:47:52] Speaker 6: You know?
[02:47:54] Speaker 1: I know that song. Love chat.
[02:47:56] Brent: Yeah, that's right. That's how it goes for sure.
[02:47:59] Speaker ?: Yeah.
[02:48:00] Brent: All right.
[02:48:05] Speaker 1: What do we do here? The market's honestly really flat. I don't know. Hey, thank you, drop. I appreciate you, my friend. Thank you, dude. Hey, thank you, drop. Thanks, drops. It's so boring right now. We're still in the opening range, I'm pretty sure. We're at the 15-minute opening range. Maybe we'll break it and do something here, but right now, it's just not fun. Hey, thanks for the donation, Scottish Crypto. Hey, thank you, brother. $10 for Barry. I don't know how to get it to Barry, though. Sorry, dude. I'm up 3K. Tesla is being silly right now. I haven't looked at Tesla. Very flat. Market is weird right now. Thanks for telling me about this MU thing. Never traded it. Wonderfully thin and pays well. Yeah, I like trading MU. I like trading chips and semis. Okay, so what's been going on with SpaceX?
[02:49:08] Brent: I haven't really talked about that at all.
[02:49:10] Speaker 1: It's bounced back some. It was down to like $100. It's up to 1.38 now. It's riding up with semis almost today. Okay. So let's do it all right. Okay. Right now, market... I mean, we're just in this range here, so I kind of got to wait for us to break out of this range. We're giving it time. NASDAQ's still right at the VWAP, though. I almost want to buy the NQ here. I think there's a bullish bias in markets. What's your bias, guys? Are you bullish or bearish? Should have bought it. Buy this again. Thoughts on Bitcoin. I think Bitcoin maybe moves down until October. Gold sideways. Yeah, gold sideways. The NASDAQ is sideways. Ah, dude. I should have bought it. Look at this. I don't think this is a news candle. I think we just bounced off of the VWAP on the NASDAQ. Polish soon. Bearish. Bearish. Polish, no question. We bounced off of the VWAP here. I'm tempted to buy this again. All right. We'll buy it. We're right at the point of control, though. That's the only thing I don't like about the volume profile right now. But we'll see. I'll add to it if it goes in my favor and keep it small outside of that. I mean, we're up like $500 on the day. I don't know if we're going to hold here. I mean, we're green on this. I'm going to just cut it and scalp it and get out. I don't want to get back my profit. I got to go to account preservation mode. I mentioned in super chat. Hey, thank you, Scottish. Sorry, bro. ALMR new stock I bought chart looks great. Yeah, I got you, bro. Sorry, dude. My bad. There's no liquidity here for it. I don't like biotech either, dude. But the chart looks good. It looks like it's a new company, though. It only IPO'd back in March or April. I mean, the chart looks good, but I don't mess with biotechs. I don't know enough about it. You know, tech I can understand. You know, retail I can understand. You know, pharmaceuticals, I have no freaking idea.
[02:52:15] Brent: But I do find it very interesting.
[02:52:17] Speaker 1: Yeah, there's just a lot of volatility in biotech as well. Like, a company can do great, great, great, bad trial results, dump down 70%, 90%. And so, I don't usually mess with them. You know, just to be honest. I got to be honest with you. Like, I'm not going to feed you a bunch of nonsense. But just be careful, bro. I don't know. The chart looks good. Don't get me wrong. Not an investment professional, but the chart looks good. But it's still pretty close to IPO. It's biotech. It's just not my wheelhouse, brother. I appreciate the donation, though, my friend. Thank you, dude.
[02:52:46] Brent: Yeah, thank you very much.
[02:53:00] Speaker 1: All right. So, I see Pakistan's interior minister arrives in Iran, according to ISNA. Google has raised the price of some of their phones, I believe. That's why Google's falling down. It's at 340s. This could pull tech down. The NASDAQ's still kind of creeping up a little bit. We're so flat, though, man. We're 40 minutes into the open, and we're very sideways at this point in time. So. And good luck, Scottish. I hope you make money, brother. Appreciate it again with the donation, my friend. Yeah, I mean, we're just in a choppy market. This is just not very good. Very slow. Okay. Okay. And again, if you didn't win the giveaway, guys, you can always check out Lucid. Lucid just debuted their new daily plan. So, they give you a demo, they test your skill. You pass the test, they fund you. Between 25k up to 150k. You can also skip the test completely and go 50k, 150k direct to funded and get the max discount using code BGT. I appreciate it. They did their new daily plan. Their daily plan, you can go E of D as well. You can pick end of day drawdown options. No activation fee once you're funded, no consistency in funded, daily payouts as well. On the eval, you can go end of day drawdown or intraday drawdown. 50% consistency on the eval. I like Lucid Flex because they have end of day drawdown in the funded, no consistency rule and more. And you can also choose on these evals to turn off the daily loss limit as well. So, I prefer Lucid Flex over everything or just go direct to funded also here. And you can use my code BGT at checkout. I'll put the link up one more time. It's a good way to help split the channel. We appreciate it. Again, which account do you guys like the most? What's your favorite account from whichever prop firm? Let me know. But yeah, here's the link. I'll put this up. I think I only posted Lucid once today. The giveaway's over, big boy. All right, dude. NASDAQ's still creeping up. I probably could have held that long, son. Here's gold. Like, chips are still moving up. Here's gold right here. So, gold is still very close to $4,500. And it's held most of the green from the CPI report. Hey, thank you, Kitty. I appreciate it. Get shorty. So, you're betting on a short? It's a great movie. None of your accounts? That hurts. Matt, that hurts, man. Giveaway's over, big boy. It ended, uh... Like, 20 minutes ago. I usually do Lucid Flex. Yeah, I think Lucid Flex is probably... No, you didn't win, Rising Sun. Sorry, bro. But thanks so much for the donation, Kitty. We appreciate you. Thank you. Thank you. Again, if you want super cheap accounts, Apex, you can go to the link in the description. They're pinned to the top of the chat. Apex is cheapest. SpaceX breaking highs? Is it really? Nasdaq's getting up there, though. I mean, the Nasdaq's getting close to highs. The SpaceX up to almost 140s. Yeah, I mean, most of them have Trade of 8 available, which is what I'm using. I like Trade of 8 the most. I like Quant Tower better than all of them, to be honest. But I don't like using software because, like, I already run a lot of different things on my computer, and software just eats up more. So, I don't really like using software. I'd rather web-based. MU's starting to pull back some now, though. I use Thinker Swim. I like Toss, Thomas. I mean, this is Toss right here.
[02:57:24] Speaker 5: So, yeah, I like Toss a lot.
[02:57:26] Speaker 1: Yeah, I mean, this is definitely a boring market, but we're starting to break into that opening range here, is what I'm looking at. So, we do have this orb set up. And we just broke the orb. I don't know if I want to buy this, though. I got trapped last time here, but I'm tempted to anyway. I need 75 as a dip. Maybe not 75. I'd do, like, 90 as a dip, maybe. But even still, it's risky. But I don't hate 90. And it might just run up before then, anyway. Rick, you're late, too. Dude, giveaway was 20 minutes ago. NASDAQ's right at the 200 exponential, though. I don't know what to do here. This is a really boring market. I mean, PPI tomorrow could jolt things a little bit, I think.
[02:58:48] Speaker ?: Thank you.
[02:59:18] Speaker 1: John, I'm not familiar with props. What's the point? It's kind of a middle ground between paper and real money. You deposit real money, you'll probably lose in day trading. Most day traders lose. And so a prop account gives you a demo. They test your skill with it. If you pass the test and they give you rules, they give you profit targets you got to follow. Most of the time, like a 50k profit target is going to be 3,000 in profit with like a $2,000 max law. So essentially, if you can make 50k without losing 2k first, they fund you 50k, 90% split most of the time. And then, you know, they have certain rules you have to follow once you're funded, but you can take payouts with them once you're funded. So if you're good enough, you can get started for less and make money doing it. If you're not good enough, it's less risk than funding your own account anyway. Right? So it's kind of like a middle ground between paper and real money with some more benefits to it, I would say. You're still risking something, but you're not risking two or three grand like you would need to in stocks. Or if you wanted to trade futures without, if you wanted to trade futures without having to trade like minis or whatever, it's useful. Yeah, we're just boring right now. This market sucks. I mean, you can trade minis or micros or both. I usually trade micros. They're smaller. I can scale in and out easily. But, uh, it's more so just, you don't need to deposit real money as much and you can trade smaller. Yeah, I just don't know what to do with this market. It's too boring. Options rip is coming in. Markets might be waiting for PPI inflation too. Producer prices lead into consumers, so. It could be what this is. Yeah, not a good range right now. It's just boring. Favorite shorting. CPI dropped a long time ago. It's on the bottom of the screen right here. CPI showed up flat everywhere. point one percent i mean we're holding at the 200 ema here i i just don't trust this enough to be honest i was above 23 890s it's 23 890s what acid are you talking about yeah that's wrong oh 29 830s okay yeah so you're talking here on the vwap yeah yeah how's oil doing
[03:03:34] Brent: oil is at uh 82 81. oh that yeah always at 82.
[03:03:42] Speaker 1: it's technically rattled today it's down some yeah but it seems stabilized at least over the last few candles yeah it's chopped with everything else except for maybe simmies but even they're consolidating now i mean nvidia's running but nvidia's back up close to highs that might drag the market up yeah this market kind of sucks yeah i'm good trance you're good brother what's the plan bro i mean i'm planning to wait for the chop to break but i don't know hold on nasdaq might have had some news here look at this candle maybe not it could just be a big candle biggest relative
[03:04:27] Brent: uh states a product initiative to start its pilot program in panama fear and greed index got updated yeah i'm not really seeing anything else yeah you launches initiative to accelerate trading ai products among allies yeah i see that
[03:04:47] Speaker 1: still pull it back i use two but the bottom one is a 49 inch ultra ultra wide monitor so you see the top one but the bottom one's like a super big monitor
[03:05:01] Brent: you couldn't get the 49 and a half inch nah bro it was too big for me
[03:05:08] Speaker 3: i couldn't do it
[03:05:17] Speaker 1: yeah some reds showing up in markets here still down i mean we're right around the vwop here now at 70. still got a ways though
[03:05:39] Brent: yeah speaking of screens and all that john i think you should get a setup like the dude from grandma's boy that's how i feel with this setup dude i had a hoverboard
[03:05:46] Speaker 1: for a while i was rolling around in that thing making noises
[03:05:54] Brent: yeah but you need like the the like reclined inverted chair and all that you know with the techno music i feel like i get motion sick in one of those dude you know really yeah genuinely like
[03:06:07] Speaker 1: yeah like uh we went to the beach and i would sit on a i'd go in the water and i'd sit on a raft that i'd get a little nauseous really i didn't know you had motion sickness i'm a wimp with the beach bro i'm a wimp i mean i'm not a wimp at the beach i just can't get no i can get in a boat i went fishing in a boat on lake michigan or not not at lake michigan i wouldn't like michigan but i went fishing in michigan and we used a boat in a small pond and i was fine and so i can get on a boat for a little
[03:06:33] Brent: while it depends you can't handle the rough chop of the uh the surf basically yeah that's right when i fish i do it in ponds yeah yeah yeah i mean i don't fish on the boat you will not fish with a goat yeah i won't i will not eat them semi i will not eat green eggs and ham yeah i caught some bass the other day though ever eaten bass yeah it's all right i never have i've heard it's
[03:07:07] Speaker 6: like pretty flaky though it is it's not bad though i mean fish a lot of fish tastes the same and bass
[03:07:14] Brent: yeah i hate living in like basically the seafood capital of the world and not liking seafood yeah how do you not like seafood bro i just don't man like i like some dishes with like crab or shrimp if it's like a really well done dish like crab meat au gratin or something like that but i just overall
[03:07:34] Speaker 1: don't like it can't handle it yeah you don't eat crawfish dude no i especially don't like crawfish
[03:07:40] Brent: because it tastes very earthy like compared to shrimp or crab if i'm gonna eat seafood it's gonna be
[03:07:44] Speaker 3: shrimp or crab but i love seafood boils dude or something fried yeah fried yeah i see yeah all right
[03:07:50] Speaker 1: see sandus i see somebody mentioning sandus sandus is still in highs nvidia is still around highs it used a little bit weaker it looks like it looks like a buy to me right here though you know what i'm gonna buy it right here on this little dip we got a cushion so we can take more risks today but we'll try to buy it he can talk food i mean it's a boring market right now there's not much going on as long as he doesn't do it 30 seconds before the inflation report i'm all right
[03:08:23] Brent: i'll make a note of that and then do it anyway
[03:08:28] Speaker 1: all right we're we're up a little bit here today i mean we got very green already here it's very small trade so i'm not really trading super large here
[03:08:40] Brent: and also it wasn't intentional that was just like
[03:08:43] Speaker 1: the way the flow of the conversation took it yeah no it's fine i'm not you know none of that that doesn't matter yeah all right so we're gonna take profit here already and we just got a balance right here the 200 we ripped back over it nasdaq starting to creep up i might hold this and see if i can add back to it if it keeps pushing back up here but we could also just be at a range i mean we're at the top of the range but we're starting to break i'm gonna add a little bit to this but there's a risk to it just added a little bit here lurkers are y'all still here lurkers do y'all hang out this late lurkers if some of you guys still listening watching trading lurks don't be jerks announce yourself show us you're here i'm curious to see if they're still here i think a lot of people watch me early in the morning and then uh move on to other stuff i think they probably might be lurking lurking there you guys are okay y'all are here i was gonna turn my back on you guys um all right let's see if we keep going up here i'm i'm bullish to be honest i think we're close to 30. hike odds went down simis are up
[03:10:18] Brent: radiate says they are a long time broker actually trying to change it i respect your uh you know your drive to become something more right you've got a dream and i can respect
[03:10:28] Speaker 1: that dream here guys um you know honestly it's surprising how many people show up we're like hey lurkers and they're like hey i appreciate you guys 80 green on the day hey 80 is good bruno glider what's up dude that euros um yeah you're sorry that is heroes no no i wasn't correcting you i was just curious it's either euros or pounds i always get it mixed up yeah me too yeah so those are euros pound looks like an e as well so you get it mixed up but the euro is like a rounded e where the pound on the bottom has a dollar all right so we are green here i'm gonna take half off and then i don't know what i'm gonna do with the rest we're starting to get some green revival though i'm gonna i don't know whether to hold this or not it looks good we're breaking the orb setup a little bit no we're not but still i'm gonna get out we might add back on a dip here yeah we're up over 600 on the day now which is nice uh lurking on the i-10
[03:11:40] Brent: britt i'm gonna deport you to nyc i really hope you don't i've been there twice in my younger years and it was enjoyable but definitely don't want to go there now yeah yeah 30 000 we might hit it we
[03:11:52] Speaker 1: might hit 30k we're getting up there we're trying working and lurking hey thank you alex guy emu ending the day at 9 40s i can see that if it keeps pushing i mean nvidia just broke highs and so it dragged the nasdaq up like this finland here it's 5 30 pm here dudes hey what's up pit
[03:12:20] Speaker 3: finland seems cool it's not as cool as louisiana finland i've never been to finland
[03:12:28] Brent: but i haven't either looks like it has some very beautiful uh landscape yeah
[03:12:37] Speaker 3: i'd like to go me too
[03:12:43] Brent: i'd honestly just kind of like to experience like scandinavian region in general
[03:12:50] Speaker 1: yeah tesla is dumping down here yeah me too uh look at tesla 320s volatile lately though we got 600 likes can we get 650. i think you can lurkers you saw how many lurkers showed up when i was like hey lurks uh i'm not saying y'all are being mean i'm not saying y'all are better than me i'm not saying you know y'all can do better but you could do all of those things here all right hit the like i think you need to i think you need to refresh because we were already at like 653. oh you're right hold on guys oh yeah now we're at 660. sorry guys uh but you're right we can do it we can do better than that i think we do 700s now you know we're gonna move the bar higher yep you always got to move the goalpost on people otherwise they get complacent you know do you yikes have any northern european ancestry uh my last name is london l-o-n-d-o-n and so i definitely did i'm not gonna say my last name on here but uh it is absolutely uh northern european yeah my middle name is nordic uh i'm not gonna be
[03:14:09] Brent: specific about what it is but it's nordic uh mine's a derivative of those who dwell in the hollow
[03:14:17] Speaker 1: basically tesla going down here look at tesla crack loads here's the nasdaq though nasdaq had a pullback at 950s not lurking just not a lot a lot of time to type and trade only bullish to near all-time highs the s&p long-term highs and short the pops yeah we're still in the opening range here this is how you know it's boring is because we we we had an orb and we're basically still in that orb y'all would never guess it in a million years unless you know me already
[03:14:58] Brent: you know what are you talking about my middle name oh yeah no nobody would ever guess it ever no
[03:15:05] Speaker 1: very strange middle names for sure my whole name is very strange to be honest i'm not going to tell you guys my full name but uh all right guys futures just dipped here hold on look oil just dipped hold on real quick look here's oil oh do we have crude oil inventories that's what just dropped okay my bad guys so crude oil inventory showed up at 17.4 to 3 million positive positive versus negative 1.7 million expected so way stronger than expected crude oil inventories here uh 17.423 million positive versus negative 1.7 million negative 1.7 million expected
[03:15:47] Brent: someone says ricardo rothgar john ricardo john bod london bergstein wits yeah you got it buddy that's me brit bergstein wits
[03:16:08] Speaker 1: yeah the nasdaq honestly dipped on these crude oil imports their inventories and now it's starting to get bought back up here oh your trade debate froze i'm sorry sleepy mocha that was a long red wick on the nasdaq yeah it was from the crude oil inventories coming out
[03:16:30] Brent: yeah on one side i think i'm english or welsh and the other side i'm sicilian i'm english and cajun french i know it's a good mix it is a good mix you know usually makes for like a very attractive person i mean not necessarily in your case but you know no i agree i agree with that look at me look at me i'm hidden yeah look at me devastatingly handsome
[03:16:55] Speaker 1: here you know i'm super humble yeah yeah i'm very humble as well you know humility flows through me like water so i've heard that about you yeah you know i'm like most humble guys ever i'm like bruce mostly with martial arts but with humility uh is what it is you can you can put out a cigarette
[03:17:16] Brent: with humility that's right uh
[03:17:25] Speaker 3: in phase energy dude solar uh in phase of solar right uh uh solar's losses
[03:17:37] Speaker 1: yeah
[03:17:40] Brent: i was watching a documentary a few months back you know they've actually had uh solar farming technology since like the 1920s i believe that i believe that yeah i mean it was rudimentary but you know
[03:17:53] Speaker 3: they were working on it wait did we get a tweet by the president hold on uh
[03:18:02] Speaker 1: okay this is what the president just said um he says quote let's look at oil real quick before i read this oil is now down president says quote the usa has total control over the strait of four moose i think we will keep it our blockade is being called by everyone a wall of steel and there's nothing they can do about it uh they have no navy no air force the remaining soldiers are unpaid the irgc is down and fleeting fleeing and their leadership is uncertain they have no money all they have is it's fake news and 300 percent inflation and getting worse uh not hmm yeah so the president tweeted uh oil actually went down a little bit on this so more tweets by the president good day today hello
[03:19:14] Brent: don't talk about food on stream
[03:19:34] Speaker ?: dude you suck i want some chicken parm
[03:19:56] Brent: dude you suck i want some chicken parm dude i love a good chicken parm bro um me too it's early in the day to be eating chicken parm though is that like a chicken parm breakfast
[03:20:08] Speaker 1: burrito or something well no i'm gonna eat this after i do jujitsu today i'm gonna go train and then i usually fast until jujitsu and then i'm gonna go train and then i'm gonna eat that when i get back
[03:20:16] Brent: that's the plan oh dude you're so lucky there's a place up here that makes really good one but for some reason they put alfredo sauce on it under the the red sauce and i don't like that yeah this one has
[03:20:26] Speaker 1: pesto i think it has i don't know if it has pesto actually i have to look but it's good
[03:20:32] Brent: so one mention and then we're gonna get off the food uh there's a really awesome italian place that we need to go to next time you come to town all right yeah hey i love italian here will never
[03:20:42] Speaker 1: eat italian bro like all the food i like like i like mexican food probably the best out of everything i love it like mexican food just it's the go to foods like i love mexican foods huh she'll eat italian it's just heavy it makes her sleep like we'll eat it we just don't eat it a lot i would
[03:20:57] Brent: eat pasta all day oh i would too so basically she just eats it if she's ready to get ready to go to
[03:21:02] Speaker 1: sleep huh yeah that's right like the holidays at night we'll eat some italian yeah i love it uh no i
[03:21:11] Brent: didn't trade today miss tiny i'm just kind of been on a little week and a half two week hiatus so i'm kind of easing back into it yeah also i can't get my uh my lucid account to let me sign in so i can't even see my progress so i didn't want to trade without being able to check that kind of stuff
[03:21:29] Speaker 3: yeah yeah i'll have to try to help you figure it out okay we're still in this range though guys i
[03:21:36] Speaker 1: don't know what to do here dude this is like the worst market maybe markets are waiting for ppi data tomorrow that's definitely possible here i don't freaking know yeah
[03:21:50] Brent: guys gotta try peruvian just not that expensive my only problem with it there is a place here that does that i don't know about peruvian food
[03:22:05] Speaker 1: but one of my favorite submissions is a peruvian necktie i will throw that on everybody i roll with
[03:22:10] Brent: so shout out to peruvians you know i heard you were a beast of peruvian neckties john i am a beast of peruvian neckties dude heck yeah now there's a peruvian chicken restaurant in town and it i want to try it it's like they want like 30 for some chicken i'm not eating i'm not doing that yeah
[03:22:28] Speaker 1: that's kind of high but i mean look if they they got to charge a premium i get it yeah hey what's up jeremy that that yeah i mean look we're not really seeing markets move that much oil originally i don't know what he posted this at what time it's at 31 so he posted this right here oil hasn't really moved that much it's up a little bit semis are still running which means the nasdaq is bouncing back here so look look at mu on the left and then look at the nq so the nq starting to come back up some here but uh again we're kind of boring right now dude like i i this is not very good you know
[03:23:04] Brent: sweep on tesla mp was 324.55 it dropped to 324.14 okay shouldn't cpi carry more weight uh if it came in
[03:23:13] Speaker 1: like over or under expectations yes but it came in completely flat like literally everything in the cpi report was flat we had flat month over month core flat headline month over month flat year over year on both we had flat everything basically on the cpi report i think that i think the net effect of it is still good like i i still have a somewhat of a bullish bias because i think at the very least unless we get high ppi tomorrow that's like scary high i think the net effect is that it's going to push back the odds of rate hikes obviously and it has already rate hike gods last time i looked were like 38 they were almost 50 prior so it did push down the rate hike odds but the data was still flat markets did digest it here and you know we came in the data came out here and we're now here so we're still green from when the report came out but maybe markets are going to pivot to ppi watch so i'm glad for your general order but don't rub it in it's not fair yeah yeah i mean i'll do those things this is my channel i mean those are things you do we don't do flying armbars a lot because you know there's a little bit of risk to them but i like armbars i do arm bars i'm really like a i like guillotines and darces and anacondas and stuff like that yeah i'm staying a little bit later alexis we're hanging out here it's cpi day i'm probably gonna cut it though i'm tired of waiting for this to move to be honest here like nothing's freaking going on um so i was getting tired of you waiting too so yeah it's boring chat you know yeah like nothing's happening how could they do this to us guys again i guess i'm gonna cut it here uh thank you all to the join the stream we got like 40 000 views or something like that today so shout out to you maybe not that much did we get that much yeah i mean we got a lot i mean i saw at one point we had like 6 000 viewers yeah we got 39 633 views today heck yeah man um so shout out to you guys appreciate the love guys thanks so much uh yeah thanks for making it a great day yeah we appreciate you guys uh if you want to check out apex like i said uh cheapest accounts of the game if you want to learn to day trade start small paper trade and then maybe try one of these it just makes sense no pdt rule uh you can day trade s p nasdaq gold silver oil a lot of the things that are moving with markets right now you can check them out here's the apex link one more time you can also check out lucid it's a great way to help support the channel and uh yeah there's a link check it out real real
[03:25:42] Brent: quick before we leave we're six likes away from 700 so just help us out real quick if you guys can
[03:25:46] Speaker 1: are we right now yeah we're at 695 guys listen five likes uh in the arms of the angels all right sarah mclaughlin's about to come out here uh have a heart okay for the low low price of one click you too to help a trader right help a youtuber you know help john you know
[03:26:16] Speaker 3: uh thanks for the news cheers take care
[03:26:43] Speaker 1: i won we did it yeah
[03:26:56] Speaker 3: all right uh shush yeah another good day thank you john and britt for the morning fun heck yeah see you tomorrow all right guys listen i'm gonna get out of here thanks for tuning in tiny and uh we got the 730 likes awesome thanks guys y'all have a great day i'll see you guys later y'all be good have a great day everybody thanks for tuning in