About this transcript: This is a full AI-generated transcript of CPI INFLATION HEAT SHOCK! — LIVE TRADING from Beginner Trading, published October 14, 2026. The transcript contains 34,223 words with timestamps and was generated using Whisper AI.
"Thank you. Thank you. Thank you. Thank you. We'll have a timer at the bottom. Can y'all hear me? Yes, you can. Good morning, chat. NASDAQ is technically down on the day, but really it's kind of flat here if we take a look at it. We did bounce right here. I documented these levels at our Discord..."
[00:00:00] Speaker ?: Thank you. Thank you. Thank you.
[00:01:30] Speaker 1: Thank you. We'll have a timer at the bottom. Can y'all hear me? Yes, you can. Good morning, chat. NASDAQ is technically down on the day, but really it's kind of flat here if we take a look at it. We did bounce right here. I documented these levels at our Discord this morning and we bounced directly off of this level. We have a couple different news reports circulating. Bank of America released earnings today. So did BlackRock. BlackRock posted $15.93 EPS versus expected 1430s revenue of $7.75 billion versus $7.43 billion expected. And so we did have some bank earnings. We had the president say that he will make a decision on Iran very soon. Him and the Israel prime minister said that they were discussing launching a new major operation against Iran before the U.S. elections. Equity futures, ASML is up on upbeat quarter three and raise guidance. ASML did report earnings, but they're kind of flat from this earnings report. They were originally dropped on this report and they have since rebounded all the way back up and now they're basically flat on the day. A lot of things are flat right now. Over the last five days, six days or more, we have seen yields come down here. So like we have seen yields fall over the last five days and today's CPI inflation report will be a huge test for that. Why is it a big test? Because right now we have elevated yields and they're still pretty high. And also another thing to add here is that the 30-year MBA mortgage data showed up at 7.5% this morning, 7.5%, not low. This is not low. So again, we did have pretty high MBA 30-year mortgage rates, a reflection of high interest rates and high rate sentiment and high yields. But again, 10-year yields are kind of low right now. If you look at 10-year yields, let me put this up this morning. 10-year yields are kind of low over the last five days. Here's a five-day chart. They have dipped pretty significantly over a five-day period here. And today's going to be a big test of this. Why? Because a lot of this inflation, number one, is oil-driven, but yields are high right now. And one of the things that can help or hurt rate hike sentiment, if you don't want rate hikes this year, if you don't want rate hikes and now it's looking like December, is inflation data. This is the biggest inflation report we get every single month. And that is today at 8.30. If inflation comes in low, you'll see yields cool. If inflation data comes in lower than expected, you should see yields cool a little bit. If inflation does show up higher than expected, well, in that regard, then, you know, you'll see higher yields as well. You'll see interest rate sentiment rise. You might see rate hike sentiment rise on this. But again, it's CPI day. September CPI comes out at 8.30. Forecasts are calling for 3.6% year-over-year headline inflation up from 3.4% and 2.5% year-over-year for core inflation. Now, core is all, you know, lately, especially core right now is the big number. Why is core the big number? Because it shows where we might have secondary effects of inflation. So it shows where inflation might be trickling into other things. And so core is going to be probably what you want to pay attention to today in regards to this inflation report. Oil is up on the day. So look at oil after that, you know, Trump news about him and Israel prime minister considering new tax attacks ahead of midterms. Oil is at $95.63 a barrel. So oil is actually pretty elevated on the day. I'm honestly surprised that we haven't seen yields go up even more. And we did have some stock news circulating here. Let me see if I can find the stock news. Again, in a Bloomberg interview yesterday, William said, I have changed my view that it may be appropriate to have one more rate hike. I don't think at this time I have any reason to believe that we would need to do more. If we look at the FedWatch tool, before we go into stock news, if you look at the FedWatch tool, hike odds are still sitting over 20% right now, but they're still about 78% likely of a pause. So it's still looking very likely that we're going to pause. But oil is up on the day here. Also, guys, the prodigal son has returned. You know, the prodigal son, Brett, Britt, Brick, whatever you want to call him. He's here today. Say hello, Britt. Hello, Britt. What's going on, everybody? He's here. He's back.
[00:06:22] Speaker 2: And honestly, like at first I thought you were just like speaking about yourself in the third person because, you know, I know how conceited you are, you know? Oh, that's true. I know you're talking about you.
[00:06:32] Speaker 1: Definitely conceited just a little bit, you know? Like, again, I could be returning.
[00:06:36] Speaker 2: Clearly I'm kidding, but like it would have been really funny if you were speaking about yourself in the third person.
[00:06:40] Speaker 1: John has returned, the prodigal son. Nobody thought he would come back. He's back here for another day. Yeah, I could be talking about me, but I'm here.
[00:06:47] Speaker 2: Just because he's here every day. Nobody thought he'd come back again.
[00:06:49] Speaker 1: Yeah. Hey, look, I'm back. I'm here. What's up, chat?
[00:06:52] Speaker 2: Anyway, what's up, everybody?
[00:06:54] Speaker 1: Yeah. What's up, dude? Let me say hello to everybody in the chat real quick. What's up? Rooftop, Ava, SpaceX, Edson, Sir, Admiral, Steve, Ashun, JFit, Eric, Jonathan, Chris, Shake and Bake, Parzival, VA, Nian, Josh, Pew, Ace, Good News, Max, Alt, Raka, Darkage, Jacob, John Locke, Gene, Vegas, Electek, Behave, Schnee, Ryan, NoProblemo, Hayes, SleepyMocha, AI, UE, Rawat, Jim, hello, dude. Christian, Cash, JViolet, VAR, Emren, hello, Plasma, FTM, do you trade silver? I sometimes trade silver. Jared, Anti-War, Ashun, Checkerboard, Zero, Peggy, hello, MNT, Ran, World, Shala, Devo, Mark, Macia, Checking, did I say that? McDonald, hello, William Martin, Eric, Lenina, good morning, Barnyard, Lunchbox, K, hello, VA, Pawn, what's up, dude? Proxy, hello, The Slither, did Bridges hang up on me, bro? Hold on, wait, wait, wait. Brid, are you there? Hello. Hello, is this Domino's Pizza? Yeah, this is Domino's, what the hell do you want? I mean, heck do you want? I don't want your wings. Your wings are kind of crappy. A lot of sauce, not a lot of substance in your wings.
[00:08:37] Speaker 2: Hey, look, I'm going to tell you like I tell everybody else, all of our other customers, you want wings, you know, go to Buffalo Wild Wings, go to Hooters, you don't go to a pizza restaurant for wings.
[00:08:45] Speaker 1: Yeah, Pizza Hut Wings, Pizza Hut Wings are good, bro. Yeah, yeah, they're big, dude.
[00:08:49] Speaker 3: Pizza Hut Wings are actually legit. It's funny, you and I were like, yeah, but Pizza Hut, you know?
[00:08:55] Speaker 2: Specifically, the Parmesan Garlic Wings. I don't know why, they're better than everybody else's.
[00:08:58] Speaker 1: Yeah, what's up, dude? Hey, what's up, Max? I think I said hey to Max. What's up, Faye? How you doing? Oh, Blee, Secret Squirrel. Hello, Paul Gardner. Are we screwed today? Amos, Trance. What's up, dude?
[00:09:10] Speaker 2: Also, a few people said I was a little quiet. I don't know if I am or not, but I don't know why. I like, I enjoy when, like, when you have, like, just regular old names on here. They're perfectly good names, but I just love when people are, it's, like, completely normal. It's, like, Fred, Bill, Frank, you know? Right, Steve.
[00:09:27] Speaker 1: Yeah. Bob. Yeah. Now, what it does is, like, most people just have regular YouTube accounts. So, like, unless they try to be a creator. Real quick, though, oil just popped up. We're at 95.80s for oil. So, oil just broke highs of the day as we speak here. Oil did just break highs of the day. Uh-oh. Yeah, and a few people are saying I'm very quiet. Okay, I turned him up a little bit. Let me know if that worked. Hello, hello. Brits VoIP. You got to speak with your chest, Britt. You got to speak with your chest, dude.
[00:09:59] Speaker 2: Oh, my chest voice like I'm in choir? Hello. You know?
[00:10:02] Speaker 1: Yeah, I mean, that's pretty good. Let me, I'm going to, I'm going to, I might have to turn the music down a little bit to raise Brits volume here. All right, what about now? There we go. I think that's pretty close to where I'm at. Maybe not quite. I'll turn you up a little bit more. How about that? Can anybody hear me? There you go. You should be pretty much where I'm at now. There you go. All right, cool. All right. Chat is bearish. Are you bullish or bearish today for CPI inflation, guys? Let me know. A lot of people, look, because we have midterms coming up in less than a month, a lot of people are like, hey, I think inflation data today is going to be flat. I'm not necessarily against that. I'm going to go with flat as well. I think maybe we have flat inflation data today.
[00:10:44] Speaker 2: See, maybe they're massaging, well, I mean, trying to, I mean, massaging the numbers as best they can. I mean, I don't think everybody does that, though.
[00:10:50] Speaker 1: Yeah, for sure. Maybe they do. I don't know. I think the BLS maybe doesn't have the most credibility. Let me see. So, yeah, that's better, good, better, bull, bull. I am bullish, bearish, bullish. Pump after CPI. I hope so. Wealth and travel on a dime. Is there a possibility that core CPI will be cooler than expected? I mean, look, there's always a possibility of that happening. I'm not saying it's likely. It could happen. If we do see that, yield should fall. I mean, it depends on headline as well. But again, we did this yesterday. I'll go ahead and show you guys this again. Look at oil break highs at like right ahead of CPI. So oil is actually breaking highs if you look at it up there. It's at almost 90. It's at 95. Okay, look, it just broke highs again. 95, 96 for CL futures, pushing towards $96 a barrel. If we look at oil, though, in the month of September here, we drew this out yesterday. You can see the month of September right here. So this is the month of September. So what the month of September saw in regards to oil prices was elevated oil in the middle of the month. We got up to over $105 a barrel. What was this? We got up to $106, almost $107 a barrel in the month of September here. Right. But towards the end of the month, we did settle back down and we basically closed on oil right where the month started. So we closed pretty close to flat in oil prices at the end of September. Now, it doesn't mean anything yet, but oil was elevated up to $107 a barrel for WTI crude in the month of September. But it did close close to flat. But again, right now, I mean, we'll see what the inflation report shows for next month. But right now, oil is starting to break highs more and more. It just tapped almost $96 a barrel for oil. So Dow is not looking great. Is the Dow Dow? Let me see here. Yeah, the Dow, I mean, I don't know. The Dow is pretty green on the day relative. It's better than the NASDAQ today. So the Dow is green on the day. The NASDAQ is red. A lot of this is from tech. You can see Nvidia fell earlier this morning. I was trying to figure out what this news was. And we did have some stock news overnight. So we did have some stock news overnight. Let me find the stock news. Yeah, so again, Nvidia did a $250 million. Let me find this again. UK AI safety commitment. Apple Home View Smart Hub unveiled yesterday. So Apple, if we take a look at Apple, they unveiled their Smart View. Or their Home View Smart Hub yesterday. Apple's green on the day. Not super green, but it's somewhat green. Again, Bloomberg reported on Microsoft data leases earlier on the day. Let's see if we have any other big news going around. What's that Home View technology? I haven't been around enough to do. It's kind of like Alexa. Or Alexa. Sorry, I'm sorry. Alexa. They're a little bit late with it, though. Like, again, we've seen these technologies come out over the last five plus years. You know, I think it's kind of like Ring Doorbell and Alexa style. But, you know, Apple's late to the party here with this type of technology. But, I mean, I think you've also got to look at it kind of like, okay, but a lot of people use Apple phones here in the United States. And the ease of setup is going to be a big pulling point towards this business, I think, for them. And this is probably their plan. They're getting involved with it. People use Apple phones. It's going to be really easy to connect it to Apple phones, obviously. That's one of the big selling points Apple has always had is the ease of use.
[00:14:29] Speaker 2: So it's just kind of like a centralized home control. Yeah. Using current systems.
[00:14:32] Speaker 1: Yeah, like Ring Doorbell as well kind of thing. And, again, Apple's slightly green on the day, but they're dipping down some.
[00:14:38] Speaker 2: I'm not doing any of that until they have, like, the smart home thing from the Disney movie. That's when I'm doing the smart house thing.
[00:14:43] Speaker 1: Oh, yeah. Smart house, dude. Yeah.
[00:14:45] Speaker 2: Yeah.
[00:14:45] Speaker 1: I remember that movie. The cheesiest movie ever, but it's great. I like it. Luck of the Irish, too.
[00:14:49] Speaker 2: Luck of the Irish, bro. What a great movie, man.
[00:14:52] Speaker 1: Yeah, you know. Yeah, yeah. I know where it's at. Yeah, dude. Listen, I grew up on it. I was talking about, let me see. Did you ever watch, what is it, dude? What did I say yesterday? Bobby's World, Brit. Yeah, dude.
[00:15:03] Speaker 2: I watched Bobby's World.
[00:15:04] Speaker 1: It was weird. But, like, yeah, it was weird.
[00:15:07] Speaker 2: Weirdest thing I ever watched was Rocco's Modern Life, though. Like, it's still weird.
[00:15:10] Speaker 1: Oh, dude. Rocco was great, bro. Rocco was great. But, no. Going back to it. MU memory plays are still down. So, MU is down. It's at 940s. SanDisk is at 1440s, right? So, DRAM, HBM plays are down. SK Hynix is down. This comes after yesterday. We got news that CXMT, a Chinese company, is further along in some of their chip production than originally expected. And ahead of some of the schedules that we have for domestic companies here. So, memory plays have been down. SK Hynix is down. Netflix continues to rise a little bit. It bounced yesterday. And it's still up a little bit more.
[00:15:46] Speaker 2: Yeah, I was going to ask about MU and SanDisk. I'm trying to remember what they were last time I was here. I think SanDisk was quite a bit higher than that. What is the all-time high for SanDisk?
[00:15:55] Speaker 1: Oh, it's like 2300s or something crazy like that? Yeah. Like 23s. It's up there for sure.
[00:16:01] Speaker 2: Yeah, because I think it was around 21 or 22 last time I was on here.
[00:16:04] Speaker 1: Yeah, it's up there. We've had a big pullback in memory plays. Like, yeah, I mean, if we look at it just in a four-hour chart, 2380s is the all-time high for SanDisk. You know, it hit this back in June. And so, but memory prices have been volatile. DRAM, I mean, there's a premium that you have to pay for memory prices. If anybody's trying to buy RAM, you know. And so, that's kind of what it is. Go buy physical silver right now. We are at very low prices. Yeah, the dollar index, I mean, if we want to take a look at where the Dixie is ahead of this, the dollar index is going to move on the CPI report. We're up to 102.20s right now on the Dixie here. So, the dollar index is going to move on this report for sure. How much is going to move, I don't know. It depends on what the numbers show up as. We have an hour until the inflation report drops. But, yeah. Please be careful today. He's back. McDonald's is garbage. A lot of properties like Buffet. Coiled Springs because Midterm is so extremely cool CPI. I don't know, brother. I don't know, man. We'll see, dude. I get a lot of... Buffets and stuff? Oh, Buffets. Somebody was talking about Buffets for sure. I Am Weasel. I thought it was... Oh, you're talking about it.
[00:17:21] Speaker 2: I Am Weasel. Yeah, I Am Our Baboon and all that. Yeah. Yeah. That was a funny show.
[00:17:27] Speaker 1: Yeah. Oil better not go to 101. It's getting up there. It's getting up there. The dollar index should move today on this report. But look at oil, man. Oil is just pumping this morning.
[00:17:36] Speaker 2: So, is WCI, like, on an overall... I mean, I know it's up a little this morning. But, like, on an uptrend or a downtrend, I'm just curious. Because, like, I went to get gas, like, a week and a half ago. I don't have to get gas very often. And I put non-ethanol gas in my tank, you know, to be fair. But it was, like, $4.79 a gallon, dude.
[00:17:56] Speaker 1: Yeah. I mean, it's up there. Oil is still high. I would say it depends on the time frame, right? Like, oil, obviously, here's where the conflict started here, right, on the chart. So, you can see where the conflict started here. Oil is up relative to where the conflict started, obviously. It did dip back down some in June and July. But I would say since June and July, we've been in an upward trend for oil. You know, we don't really... I mean, we have back and forth with Iran. You know, but it's still looking a little far off in regards to whether we're going to get some type of deal done with them to open up the straight-up form moves fully. And so, I would say it's in an upward trend. It is down, like I said, September highs were $107 a barrel. We're back down to 95s, 96s this morning. But, I would say we've been in an uptrend since, you know, June or July, really.
[00:18:44] Speaker 2: Yeah, overall, I tend to agree with you. I was just really kind of curious about the last month or so. Just because, honestly, I kind of stopped paying attention. And I kind of stopped paying attention to the Iran thing, too. Because I was just tired of hearing the same old rhetoric. It's back, yeah.
[00:18:57] Speaker 1: I mean, I get it, dude. I mean, it's just the same old, same old there. And it gets kind of like... Again, I've covered this for... It feels like years. It hasn't been years. But I've covered this for a long time. And, like, it all starts to kind of blend together at this point in time. It really does. Like, it all kind of blends together at this point in time. You know, there's not really any big difference between now and back then. I mean, again, what we have now in markets is yields freaking markets out. So, like, the story of the last month, you know, is yields being high. That's the story. Yields being high. You know, the Fed's doing buybacks and stuff like that to try to bring yields down. Yeah. But, I mean, like, again, high yields are affecting everything else. Like, NBA 30-year mortgage rates showed up at 7.5% today. That's very high. That's very, very high. And so, what we're seeing, like, is negative effects of high yields and high fears from that. You know, again, 30-year mortgage rates showed up this morning at, let me see where it was. I posted it in the chat. Yeah. At 7.5%. So, again, the NBA reports 30-year mortgage rates at 7.5% of 53 basis points over four weeks and 108 basis points over the year. 15-year rates climbed to 6.87%. Jumbo mortgage rates reached 7.49%. And so, NBA 30-year mortgage rates are up. I mean, this is a sign of high yields, high oil prices, and more. Yeah. And, again, all of this is going to, you know, we're going to see yields move from CPI. Regardless of what the number shows up as, we're going to see them move.
[00:20:32] Speaker 2: I was going to buy a house until you told me all that, you know.
[00:20:35] Speaker 1: I know, dude. You dissuaded me. I know. Don't do it, Brent. Don't do it. I mean, unless you're paying cash, you know. Yeah. So, I see somebody say one streamer was blaming Trump for his trading losses. I mean, look, I don't know who this is or what this is, but, like, the reality of it is he might have lost money because of the president. I mean, it's, look, I, from my experience, I've been trading NASDAQ. I've been trading oil. And I've been on both sides. I've had good trades. You know, I've bought long. And then Trump's come out and been like, yo, you know, a deal is inevitable here, you know, and the market pumps and then I make money. I've also been on the other side of it where I'm in a trade and, you know, Trump or Iran or, like, this conflict will never end until we get this, this, and this. We will not work with the Americans ever, whatever it is. And my trade just dumps down and I lose money. And so I've been on both sides of it. I don't know if there's anybody to blame there. You just got to be careful. You got to be careful. Set stop losses right now. I guess it's the story because, you know, you got to be careful there on that front.
[00:21:42] Speaker 2: I agree with that, you know, because apparently, you know, most traders lose money.
[00:21:48] Speaker 1: Almost all traders lose money. Not even a mental stop. Just putting up to 100K a month for premium access to Trump Truth Social. Nope, not doing it. This time I can only listen. The only person who screws me over is the tax man. Definitely the tax man, dude. Don't buy gold. Two-year market return. Van life for Brit. You know, van life for Brit. Honestly, I watch some of the van life videos. They're pretty entertaining. You know, part of me wants to go sit in a van, but then I remember I'd be sitting in a van.
[00:22:24] Speaker 2: Well, it just makes me think of Matt Foley, you know, living in a van down by the river. Yeah, yeah.
[00:22:30] Speaker 1: No, I mean, look, I, you know, it looks cool. Is it cool? I don't know.
[00:22:36] Speaker 2: If you got a good setup, I have no problem with living in a van. But, like, if that's your last choice, I probably have a problem with living in a van.
[00:22:42] Speaker 1: Yeah, yeah. I mean, you know, I'd live in a van, I think. I might stream from a van, a van streamer. I'm going to be, like, the van trader is what you might see pop out of there.
[00:22:53] Speaker 2: FTMO says...
[00:22:54] Speaker 1: Go ahead. You go ahead.
[00:22:56] Speaker 2: No.
[00:22:56] Speaker 1: You're allowed to speak now, Brit. Go ahead. Speak now. Do it now.
[00:23:00] Speaker 2: Okay. I just think it'd be... I just got a mental picture of you doing, like, an off-grid streaming, like, you know, the government's after meeting, that kind of thing.
[00:23:06] Speaker 1: Yeah, for sure. Johnny off-grid. About 15,000 worth of AMAT. Let's go. Hey, good luck, dude. Go. Good luck. Use restroom at rest stops. Good luck to you. Yeah, or there's a tree around, probably. BBT. Beginner van trading. That's right. You know. All right. Again, are y'all bullish or bearish on CPI today? What does CPI show up as? Give me your percentages. Again, CPI is expected today. Core is going to be the big number. Again, Core is going to be relevant with the oil prices being high. Everybody's looking to see if secondary effects of high oil prices are going to drag into consumer prices, right? So, with consumer prices releasing today, that's the big story. Again, CPI Core expected at 0.2%. Headline expected at 0.6%. So, headline is expected to uptick relative to last time. Last time, headline showed up at 0.4%. This time, they're expecting 0.6%. Headline year-over-year is expected at 3.6%. Last time, they're expecting 3.4%. So, both headline year-over-year and month-over-month are expected to uptick 0.2% today. Core is actually expected to cool a little bit month-over-month from 0.3% to 0.2%. And Core year-over-year is expected to raise a little bit by about 0.1% from 2.4% to 2.5%. Another story is, are we going to get revisions today in the inflation number coming out? Are we going to get revisions today in the inflation number? I definitely think it's possible. We've seen revisions a lot with the BLS data in regards to NFP, non-farm payrolls, and more. Unemployment did uptick in the last report, and we did have weak jobs. And so, the last NFP jobs report showed really dovishness. It showed weaker jobs, higher unemployment, and that brought yields down a little bit. And weirdly enough, the market celebrated that. The market was like, yo, weak jobs, high unemployment. Let's go up. And again, that's just because of the market right now, fears yields being so high, fears inflation, and fears rate hikes maybe to a certain extent. And so, that's kind of where we're at. So, what's the overall question, and could it be a poll? Hmm. It could probably be a poll. Let's do one. Does CPI show up higher or lower versus expectations today? Higher or lower versus expectations is going to be on the poll. Higher, lower, and then as expected. I'm going to go with flat today. So, I'm going to go with CPI headline, 3.6% on the year, 0.6% on the month. I'm going to go with completely flat today. Core CPI, I'm going to go with flat as well, 0.2% and 2.5% on the year. Oh, my gosh. What? Hello. My daughter's right here. Oh. Matty, you're lurking in the shadows. I love you. Have a good day.
[00:25:48] Speaker 2: I knew she was a lurker.
[00:25:50] Speaker 1: Yeah, she's lurking in the shadows, man. Waiting for me to slip, you know. All right, dude. This music, bro. I just, I can't do it. All right, so higher or lower, we're going to go with as expected for the other option today.
[00:26:07] Speaker 2: Let's see. What is the average cost for a three-bedroom, two-bath house in your area? I mean, I don't know about, like, three-bedroom, two-bath? Go ahead. Well, like, Baton Rouge, it's going to be well over $200,000, but that's an hour away from me. My actual neighborhood, probably, like, mid to high, $100,000 range, $160,000 to $190,000. For three-bedroom, two-bath? Yeah, but, I mean, like, I live way out in the country, you know.
[00:26:34] Speaker 1: Yeah, mine, I mean, three-bedroom, two-bath is probably going to run you. Like, $450,000 in mine, and, like, where I'm at right now. At least $450,000. You know, I wouldn't say anything under $4,000. You might be able to find one, but, like, you know, $450,000. Oh, yeah.
[00:26:53] Speaker 2: I mean, I...
[00:26:53] Speaker 1: $4,500, $450,000.
[00:26:54] Speaker 2: I've been hearing, you know, people think the housing market is going to correct, it's due for correction, and maybe it will. I mean, I do think housing prices definitely need to come down if people are going to, you know, start being able to afford homes again. But I don't know if it's actually going to happen. Somebody said Britt lives in Haiti.
[00:27:14] Speaker 1: Yeah, that's good. $450,000 is good. Yeah, I mean, that's probably what it would be. I mean, $450,000, maybe $5,000. How'd they know, John? I know, dude, they know. Britt, you know, that's where he lives. All right, so we did our poll. You can vote on our poll right now. 37% thing higher than expected. Yeah, I bought a townhome less than a year ago, but it's a three-bedroom, two-bath, maybe three-bath townhome. It was like... But it's a townhome, right? So it was like $300,000, you know, or something like that. And so, you know, I would say a standalone house is going to be, you know, $4,000 or $5,000 in my area.
[00:27:53] Speaker 2: Oh, yeah. No, I agree. Like, I don't know... I don't know exactly what home prices are now, like, in Baton Rouge. But I do know, like, my old home, I think, is worth in the mid $400,000 range now. It's like four times what it was 20 years ago.
[00:28:12] Speaker 1: Yeah, I always liked that house, dude. That was like my neighborhood chill house. I love that house. Yeah, that was a great house, dude. A great house. Yeah, it was. All right. So, yeah, we have 45 minutes until CPI inflation comes out. Yeah, I might put... I'm going to put sub-only mode for a minute, at least. At least one minute. Yeah, I mean, I'm in Texas, though, right? So, yeah, Texas land, a little bit more affordable. Again, did I say... It is, but... Go ahead, dude. No, you go ahead. It's all good.
[00:28:40] Speaker 2: Oh, I was just going to say, it is definitely more affordable because, well, there's quite a bit more land in Texas and definitely quite a bit of rural land, but I've been doing... Just looking at home prices and land prices over there, and it's still not cheap.
[00:28:55] Speaker 1: Oh, it's not cheap at all. No, no. Really, there's a premium. It depends on where you live, right? Yeah. Yeah, so I did pass that eval yesterday on Apex. Again, remember, guys, Apex has $7.50 evals right now. $7.50 evals. If you want to check them out, here's the link. If you buy a five-pack bundle of their base accounts, you can get it for, like, very cheap. I'll have to go back and look, but you can get each account for $7.50.
[00:29:23] Speaker 2: What's the cheapest state to live in in the United States? I would buy a house there and work remote. I mean, I don't know for certain, but from just the little research that I've done, Mississippi seems to, day in, day out, have some of the cheaper land.
[00:29:36] Speaker 1: I was going to say Mississippi. Yeah, Mississippi. I mean, you got to live in Mississippi, you know, but it's probably the cheaper land. Maybe, like, Arkansas as well. I don't know. I have to look at Arkansas.
[00:29:46] Speaker 2: I will say Mississippi has better roads than Louisiana, at least.
[00:29:50] Speaker 1: Yeah, I mean, Texas roads ain't much better, dude. I'm thinking about shorting right here, though. Remember, if you're on Take Profit, you can't trade news in a lot of other platforms. You can't as well. Look at the NASDAQ start to rise here, though. So the NASDAQ is starting to push up some. Again, Bank of America's State Street also posted earnings not that long ago. They posted 360.90 PS versus 368. Expected revenue of $4 billion. They expected $4.03 billion. You know, Bank of America's CFO says making progress on medium-term targets. We also had news from the IRGC today. IRGC says Iran now possesses more advanced weapons compared to those it used during the 40-day war, emphasizing its country's readiness to respond more forcefully to any new aggression. This all kind of blends together at a certain point of covering it, though. Bank of America did post a miss in EPS and a miss in revenue. So if you look at, like, BAC this morning, Bank of America is down on a miss in EPS and a miss in revenue. They dropped yesterday at the closing bell as well.
[00:30:54] Speaker 2: BlackRock shares extend gains to hit session at 5.3%.
[00:31:00] Speaker 1: John, your music is too loud. Is my music too loud? I mean, we turned Brit up. It could cause the music to be too loud, but let me know.
[00:31:08] Speaker 2: You ever think John just likes to jam?
[00:31:11] Speaker 1: It reminds you just bottle rockets and slingshots.
[00:31:17] Speaker 2: Honestly, I didn't want to be the first one to say it, but, like, whenever you read that statement, I just kind of had a similar thought, you know?
[00:31:22] Speaker 3: Right. Yeah, I got a mental picture of, like, you know.
[00:31:25] Speaker 2: Yeah.
[00:31:26] Speaker 3: Yeah. Yeah, Birmingham, you know, has some good stuff. I'm sorry. Yeah. That was just funny.
[00:31:33] Speaker 1: Yeah, no, for sure. I laughed. I laughed. Music is fine. Okay, yeah. Let me know. I was thinking about shorting right here on the NQ. It seems like a short. I mean, we are breaking down towards the lows. The only hiccup is CPI dropping in 45 minutes. And we do have CPI releasing in 45 minutes. Hey, thank you for the sub, Ross. I appreciate the sub, my friend. Thank you, brother. Let's see if we actually hold up here. Music is good, X. Put up on my desktop and not wearing headphones. Yeah, I mean, look. Again, right now, remember, guys. So, we have CPI today. We also have Kevin Warsh speaking on Friday. Right? So, we have Kevin Warsh. I believe he's speaking at the IMF in Thailand. Again, analysts today are expecting a 0.6 rise in CPI. Annual rate accelerating to 3.6%. Core is expected to rise 0.2% versus previous to 0.3%. So, a little bit moderating from August's reading. We did have the Fed minutes last week. It showed policymakers unanimously supported September rate hikes amid persistent inflation pressure. Still, softer labor market data officials have since adopted a more patient approach. Right? So, we have Fed officials Jefferson, Williams, Waller, and Bowman have all signaled less urgency to hike rates. Right? So, we have had less urgency to hike. Do I short this? Maybe if we get up to 750, I'll short. Jefferson and Williams did suggest that the Fed has time to assess incoming data before tightening further. Right? And this quote, it makes it really relevant for today's CPI inflation because, again, with today's CPI inflation coming out, this is the incoming data that they said they're going to wait on and see. And so, with all of that in mind, this CPI inflation report is going to influence the Fed. PCE towards the end of this month will also influence the Fed, but that's right around the next rate decision. The next rate decision is on October 28th. And so, with that, here, I might short this little bounce right now. I'm going to short this bounce with four contracts in the Nasdaq. We'll actually take eight. This is my fondant account. But, yeah, again, at this point in time, it's looking like we're going to pause. We had a weak September jobs report. We had Fed commentary all pushing for maybe a wait and see approach. Again, markets are still pricing in about a 78% chance of a pause this upcoming meeting and about a 21%, 22% chance of a hike. We also have PPI inflation data tomorrow. But, again, all of this accumulates towards the end of the week with Fed Chair Warsh scheduled to speak at the IMF early Friday morning. His remarks are going to be closely watched for assessment of latest inflation data. What we saw for today is going to be potentially talked about Friday by Kevin Warsh. And we'll see if they give us any potential guidance. Now, remember, Warsh has expressed a preference against forward guidance. And so his comments could still shape, you know, where rates are going and more. But he does not like to give forward guidance. And, again, we'll see if they have any assessment of September PCE, the jobs report, and more. Thank you, MusicRFX. I appreciate it, dude. Thank you. Don't short. I am long. I'm short. It's not the biggest position. It's about eight contracts here. But we'll give it some time. I want to see if we start breaking down towards those lows. We do have the CPI inflation report coming out in, like, 40 minutes, though. So, I mean, we could move from this. But, again, we're going to take a little short here. And it looks like we're going to lose on the short so far.
[00:35:07] Speaker 2: Have you ever tried not losing instead?
[00:35:11] Speaker 1: I mean, I've tried. But the losing tends to follow me, you know. So, like, I've tried. But, like, you know, no matter where I go, no matter where I look, you know, losing seems to be there.
[00:35:23] Speaker 2: Like a small rain cloud that only follows you, huh?
[00:35:25] Speaker 1: That's right. You know, a loss. It's raining losses. There's a song about it, I think.
[00:35:30] Speaker 2: No, that's It's Raining Men, but close.
[00:35:32] Speaker 1: Yeah, that's the same thing, Britt. That's the same thing. Yeah. Have you ever tried confidence? I'm more self-deprecating. Take me back to the days where we had JPEG NFTs. Oh, what a glorious time that was, dude. You know, NFTs, bro. I mean, I remember the NFT days. You know, they were interesting. Influencers lost a shit ton of money in NFTs, bro. It kind of got to a point where, like, Gary Vee and Logan Paul and all of them were like, yeah, dude. Like, buy these NFTs. Spend $300K on these NFTs, dude. They end up losing their freaking tail on it.
[00:36:15] Speaker 2: Isn't that non-fungible tokens or something like that?
[00:36:17] Speaker 1: Yeah, non-fungible tokens. I did buy some NFTs. I didn't buy... I didn't spend a lot of money on them, though. It's not like I bought any super valuable NFTs. I bought NBA Top Shots. As a sports fan, I bought NBA Top Shots. They're all basically worthless now. And I'm pretty sure the company got sued afterwards. But it was a fun time. It was a fun time. You know?
[00:36:36] Speaker 2: Yeah.
[00:36:39] Speaker 1: Buy or sell? Emron, you keep asking the same thing, dude. Again, like, what do you want me to tell you, Emron? All right? Like, you keep asking buy or sell. Do you want me to just give you a blanket statement here? Like, what do you want me to say here? Buy or sell? Dude, I don't freaking know.
[00:36:52] Speaker 2: Buy low, sell high, maybe. I don't know.
[00:36:54] Speaker 1: Buy high, sell low, I think, in my opinion. I don't know, chat. Oh, okay. Maybe let's give him what he wants. Is it a buy or sell day today in markets? Markets are mostly Dow, except for the Dow. Wait, what's the S&P doing? S&P's green, Dow is green, NASDAQ's red. So tech is a little bit heavy on the day. But yeah, buy or sell gold. Tell them to straddle, boot them. Buy. Buy, buy, puts. That's unforgiving. Yeah, yeah, dude, the chat's never forgiving, bro. I don't think the chat's forgiving anybody ever in the lifetime of their existence here. Oil breaking out. Yeah, oil is high. I mean, oil's been pushing up to highs of the day pretty regularly ahead of the CPI report. It hasn't cracked $96 a barrel yet this morning, but it tapped up to $95.99. So it's close. Right, it's close. It's not quite there yet, but it's up there. You know, it's up there. Yeah. Banned him. Definitely banned him. All right, so again, I'm in this short right now. I think I'm just going to stay in this. The only problem is I'm worried, like, with 37 minutes until CPI drops, I'm worried we're just going to chop sideways. But I'll leave this up. I do have to cut this before CPI comes out. Dow faked out yesterday. Extended options trading starts Monday. Good, Bill. Oil is really $140 a barrel. Well, not quite. I'm the number one chatter now. You are, JViolet. You're the number one. We appreciate you, JViolet. Thank you. I knew you could do it, you know. I know. You, you, you, you, you. I can't think of anything to say, but you did it. You've risen to the top. Right, you've done it. You've done it. It'll break $96. Yeah, I think it'll probably break $96 today. It depends on what inflation data shows, though. Inflation data is very relevant. I made $5,000 on Top Shot. Bought new kitchen appliances. I mean, you did better than me, bro. I didn't really get any, like, good picks, though. Like, I bought a bunch of packs, and I didn't really get anything worth a lot. So, if I did, I probably would have sold it immediately anyway. Oh, you took my spot. Tell me to sell, buy, sell, buy, sell, buy, like a Nintendo game code. Yeah. Hey, thank you for the sell, my friend. All right, guys. Inflation data, 35 minutes. 35 minutes. I am in this trade, and I am losing right now, but that's all right. What's up, Brian? How you doing, dude? Again, we do have CPI inflation releasing. 35 minutes.
[00:39:26] Speaker 2: Thanks for the subscribe, person, whose name I can't pronounce. Yeah, no, for sure.
[00:39:31] Speaker 1: I was going to say thank you, but I couldn't read the name. So, I did a poll earlier. We got about 500 votes already. Does CPI show up higher or lower versus expectations? 45%. 45% of you guys think we show up higher. 27% think lower. Honestly, 28% think as expected. And the news kind of circulating in markets right now is that we might have flat inflation data today because of midterms coming up. They think that there's some type of, you know, unison in that regard with the BLS and midterms coming up and all that different stuff, pressure. And so, I don't know. I think maybe flat today. I think maybe flat. Core is going to be a big reading. Again, if core is higher, markets are going to dump probably. Yields are going to spike specifically because that's going to gauge, you know, headline or secondary effects of oil-driven inflation. So, we are green on this trade so far. We did get a nice little drop. There we go. All right. We're going to take a little bit off here. There's the drop we wanted. I don't know if this is news-driven, but I'm going to take some off as we drop now. I'm worried we're going to be in this range. So, I'll take a little bit more off here. We probably made $180 or so on this trade. Small. We'll cut the rest break even right here. In fact, we'll set a stop loss.
[00:40:48] Speaker 2: I mean, I do see something from two minutes ago. It says, Iran says drone hit fishing vessel near Hormuz, three injured.
[00:40:54] Speaker 1: Let's see what oil is doing if oil is moving up on that. I mean, oil is still not quite. I mean, it didn't quite break highs yet, but. Yeah, we get stopped out here. We're still going to be nicely green on the day. What's up, Zero Cool? What's up, man? Energy stocks looking bullish. Yeah, I mean, oil's up a lot on the day. So, oil is up a pretty significant amount. Again, there's a lot of stuff going on. We had bank earnings come out, and bank earnings didn't really help markets either. Like, Bank of America is the big one. It's down to 51s. BLK is actually up, but it doesn't have a ton of liquidity as well. We had State Street, STT. It's also down in regards to banks at 159. JP Morgan reported earnings yesterday, and in their earnings report, they missed EPS and revenue for JP Morgan yesterday. But they did say their net interest income expectations are higher for this year and next year. So, you know, they're earning more from high interest rates, you know, when interest rates are higher. We just got stopped out on the rest, but we made money on the trade. We're really consolidating pretty sideways here ahead of this inflation report. So, we are kind of moving pretty slow and sideways ahead of this report today. What about gold? Yeah, gold, if we take a look at gold on the day here. Gold, I mean, look, gold is one of the things that's going to react most to this inflation report. It's down ahead of this report. Maybe some rotation out of it ahead of the CPI report. But gold is down. It's at 41.50s. You know, 150 seems to be a level. 4,200 above us seems to be a level for gold. So, again, the two levels that I'm watching short-term are these two levels here. 150 below us short-term and then 4,200. 4,200 has been a level on gold that has been reacted to a lot. So, markets have reacted to 4,200 a lot on gold. But, again, today's CPI report is going to guide gold today. Gold is very rate-sensitive right now, very yield-sensitive. So, anything that causes yields to go up, generally speaking, and, again, I say generally because we have had movements that oppose that dynamic recently. But I guess the example I'm going to use is if inflation data shows up shockingly high today, gold's going to fall. Almost certain. If inflation data shows up super low today or even flat, I don't know what gold's going to do if it's flat. But I think low inflation, obviously, is going to make gold celebrate and rise here. But, again, the top level I'm looking at, 4,200. The previous closing price around 4,184 on gold. 4,150 below us seems to be a support level as well. So, we'll see what happens with gold in that regard. But that is kind of where gold is looking at today. Or looking like today. Silver, last time I looked, it was about 60. Yeah, it's about 58, 60. So, silver is also down on the day with gold. They kind of move in unison. But, I mean, they've all been kind of downward trending since September for gold and silver. So, they've been falling since September. They've been in a longer-term downward trend. Again, this inverse is yields, right? So, like, as yields have slowly trickled higher and higher and higher and higher, the dynamic is obvious where, you know, when yields are up, less people buy gold and silver and more people buy a yielding asset like bonds to take advantage of the higher yields. The dollar also strengthens in that dynamic as well where, you know, when yields go up, people from around the world, investors, you know, whomever, want to buy bonds, right? U.S. bonds. And so, they have to use the dollar to do it. And so, you know, we see the dollar strengthen as yields go up. And, you know, if you look at the same dynamic here over the past, you know, really since August, but starting in September, we've seen the dollar index rise higher and higher and higher. Here's the Dixie. And so, the dollar index, again, if we have higher inflation data today, the Dixie will go up. If we have lower inflation data today, the Dixie will fall. Not investment professional. I mean, it could always be a different dynamic than that, but I don't think it's going to be. I think that's pretty obviously the dynamic today where, you know, the dollar is going to strengthen as inflation increases. We also see the NASDAQ here. The NASDAQ is starting to jump up a little bit. Good thing I got out of that short. But we are popping a little bit higher on the NASDAQ. In terms of news, I don't see anything. Let me check other sources here.
[00:45:07] Speaker 2: Yeah, no, I've been looking too. I'm not seeing much.
[00:45:10] Speaker 1: Honestly, dude, I was telling Britt before the stream started, I've been using AI agents, bro. Incredibly useful. Incredibly useful. AI agents. Honestly, incredibly useful. All right. I believe you. All right. It just took that second push for you to believe me. And I knew it would. I knew it would. Yeah. But yeah, incredibly useful. Very malleable. You know? Right. Yeah. It's easy to talk you into things. I know.
[00:45:33] Speaker 2: Yeah.
[00:45:34] Speaker 1: That's my plan, though. You know?
[00:45:36] Speaker 2: Well, I own three timeshares.
[00:45:38] Speaker 1: Again, yeah. I'm just kidding. No, no. Three timeshares, for sure. Redfin reports home sellers now outnumber buyers by 63%, the biggest gap in at least 13 years. Honestly, I'm surprised by this. I mean, I'm not that surprised. Interest rates are high right now. But also, you got people that are sitting on longer mortgages from pre-high interest rate years. If you got a mortgage at 2%, 3%, why would you sell your house unless you own it outright to buy another house at 7%, 7.5%. You know, you're going to pay essentially double. But right now, the NASDAQ is starting to strengthen here. So we are starting to see some moves up in the NASDAQ ahead of the inflation report. So we do see, you know, we do see some strength here in the NASDAQ. I don't see any news to really drive this. Let me see if there's, let me see what chips are doing. NVIDIA bouncing back a little bit. MU bouncing back a little bit. SanDisk, very small bounce back. Google's very green on the day. Amazon's up on the day as well. Meta is at 7.60s, but it's basically flat on the day as well. Thank you, AKO. I appreciate the sub. Thank you, friend.
[00:46:45] Speaker 2: Thank you, Allie. If buyers outstrip, I'm sorry, if sellers outstrip buyers by that much, you should see prices come down. I mean, you know, basic loss, supply and demand. How are your agents useful?
[00:46:58] Speaker 1: No, no, 100%. Look at the NASDAQ rise, though. I want to say this is news-driven, but I don't see anything. Again, Goolsbee is going to speak on Yahoo Finance at 3 p.m. Eastern Time today. No, AI agents are useful because they can do everything, like, you know, they can do everything while I sleep. I mean, this is obvious. This is what AI agents do. But it just takes a lot of time away. You can do it. Hey, thank you, Tequila. Appreciate the sub. 8 a.m. Algos? Yeah, it could be 8 a.m. You know, some rotation ahead of this report. I see new Yemeni missile attack on Saudi Arabia, according to Tasnim as well. Anything but hotter CPI is bullish today. So you think if we show up flat for CPI today, that is bullish. I don't necessarily disagree. I think anything that doesn't... I mean, I think neutral is good and it confirms potential pause next meeting in October on the 28th this month. Higher might... I mean, I still think we're... Unless inflation shows up, like, shockingly high, I still think higher is... I still think we're going to pause unless inflation shows up, like, shockingly high. And again, let me ask this question to the chat right now. Do we raise rates this month? I don't think so. Not unless inflation shows up shockingly high today. Well, we'll see what Warsh has got to say at the end of the week as well when he speaks, but... Do we raise rates this month? I'm going to go with no. I'm going to go with no. What do you think, Britt? I would probably tend to agree with you. Yeah. November... I don't think we have a meeting in November, Vegas. I think it's in December. And so I think it's looking right now... Like, if you look at the odds for a rate hike, I think it's looking like... It's looking like we're going to pause this month and raise in December. You know, so a 70% chance right now, 71% chance we'll have 25 basis point higher rates December 7th. No, about an 18.7%. Still about a 20% chance that we raise this month and December. Which is not the majority, obviously. But NASDAQ is still ripping up here. So we're moving up right now with the NASDAQ. Let's see if we hold. Again, we got 25 minutes until CPI drops. No, no, no, no, no December. Yep. Different in Australia. October, no December. Yes. Yeah, that's kind of where I'm at. No, no, negative. No, no, negative. No. A lot of no's. Yeah. And again, I don't think we do either. I agree with you. Sign of a leak? I don't think this is a leak here. I think maybe just rotation ahead of this. I'm looking at news right now. Star Lake limitations will affect Ukraine's ability to down Russian drones, according to sources. Again, Redfin now reporting that 62.6% more home sellers than buyers in September, the widest gap since records began in 2013. So home demand hit a record low with just 929,000 buyers versus 1.51 million sellers, a record 41 of the 50 largest U.S. metro areas are now buyer markets led by Miami, Nashville, and Houston. High mortgage rates and affordability pressures still crushing demand in houses here. Hey, there's a shock. Yeah. High interest rates are high interest rates. I mean, the NASDAQ is completely flat ahead of this report, though. Here's Bitcoin. Here's the dollar. Bitcoin's actually surging up right now with everything else here. So interesting.
[00:50:36] Speaker 2: Well, like you said, I mean, like, and I'm sure there's not a whole lot of people out there that can afford to buy, you know, a home in cash. But like, unless I can afford to buy a home in cash, I'm not buying a house right now.
[00:50:48] Speaker 1: No, for sure. I mean, in cash, you got some discounts. You know, so cash, you could basically come through and everybody, you know, you got so much less interest on the buy side that if you roll through with cash, you know, you can get a cheap deal.
[00:51:02] Speaker 2: Yeah, you can get a better price. And then you're, like you said, you're also not getting, well, screwed by high interest rates.
[00:51:09] Speaker 1: Yeah, for sure. 100%. And that's a big difference here. That's a big difference. Which, hey, thank you for the sub, my friend. I appreciate it.
[00:51:14] Speaker 2: Which I think that's a technical term, you know?
[00:51:16] Speaker 1: Yeah, yeah, for sure. Yeah, that's right. That's definitely the technical term. Why would they raise last meeting and pause now if nothing has changed? Well, because they're going to try to be balanced here, but I think they're going to pause this month. I mean, odds right now. Again, the CPI inflation report is going to have a lot to do with what they do, though. You know, so like, again, we show up high today. We, the next inflation report we get is in the last week of this month, which is actually the same week as the Fed meeting. And so they're not really going to use PCE, I think, to guide the Fed's decision in October, just because it comes out so soon relative to when the Fed meeting is. And so I think the only inflation data we're really going to get that's going to be relevant for the Fed decision, which I believe they're going to make the decision on the 27th. The meeting is going to be on the 28th this month. The only real inflation data we're going to get prior to that is today, today and tomorrow for PPI. So I think this inflation data is going to guide the Fed. I think if, again, if we show up flat, that's a win. I kind of agree with Steve in that regard. So somebody said, what happens to Bitcoin if CPI shows higher? You never know for sure, but Bitcoin will drop if it's, if it's higher than expected, especially by big margins, Bitcoin's going to fall. Bitcoin wants low interest rate environment. Same thing with gold. Bitcoin and gold move in a very similar way, right? So if we show up super high for inflation today, Bitcoin's going to go down. Gold's going to go down most likely. It's never certain. It's all generalized just based off of recent movement in these and what the dynamic is. But yeah, I mean, we show high inflation today. Bitcoin's going to fall. Gold's going to fall. Whether it stays down is a different story. And Bitcoin's still back over 83,000 here. So Bitcoin's back over 83,000. And it's one of the things that pumped the biggest on this latest move. Okay. So China records 133,500,000,000,000,000 trade surplus in September. Trying to make sure I read that right. 133.5 billion. PASNIM also said some Arab sources are reporting a new missile attack by Yemeni forces on Saudi Arabia. Starlink limitations. Yeah. So again, we got this inflation report. What do you guys want to watch? What symbol do you guys want to watch today ahead of this report? Do you all want to watch gold, Bitcoin, the NASDAQ, the S&P? What symbol are you guys really watching today on this inflation report? They should all move from the inflation report. Bitcoin, obviously. Let me know. What do you guys think? What are you guys watching today? I'll try to put whichever one has the majority on the charts. So whichever one has the majority, I'll probably put at least gold and maybe the NASDAQ up as well as Bitcoin.
[00:53:54] Speaker 2: But what's up, Raymond? Personally, I've never cared much about Bitcoin, but I like to watch gold mostly and silver. I like metals.
[00:54:03] Speaker 1: Yeah. The chart will tell you the news. What do you think of Cardona idea of Bitcoin leveraging? Yeah. I mean, it's an interesting concept. Whether it works, different story. All right, so look, I'm asking the chat here. I see Bitcoin, NASDAQ, Bitcoin, Bitcoin, gold, Bitcoin, the Dollar Tree, gold, gold, oil, Q, Bitcoin, Bitcoin, Bitcoin, miners, dollar index, S&P, gold, NASDAQ, Q, Berkshire Hathaway, Micron, NASDAQ, yields, NASDAQ, Q, NASDAQ, Bitcoin, NASDAQ. I think gold will be down. I mean, Bitcoin honestly got a lot of people pushing for Bitcoin here. Do you guys really want me to keep Bitcoin up? I mean, Bitcoin's rising right now ahead of the CPI report. We got a lot of people wanting Bitcoin up. They're demanding Bitcoin.
[00:54:55] Speaker 2: I'd probably care about Bitcoin if I owned any.
[00:54:57] Speaker 1: Yeah.
[00:54:58] Speaker 2: I don't. So I don't.
[00:54:59] Speaker 1: Yeah. So the expected print pizza, the expected print is 2.5% for core. So the expected print today is 2.5% year over year for core, 0.2% month over month for core. Right. And I think core is going to be the big factor today because again, what, what is moving rates right now is obviously oil driven inflation. But the, the big story is whether those oil prices are trickling into other markets. Right. And that's why core is relevant because the core excludes food and energy prices. Look at Bitcoin continue to rise. Core excludes food and energy prices. And so with that exclusion of food and energy, uh, we're going to see whether oil is trickling into other things. Hey, thank you. The real appreciate the sub, my friend. Thank you, brother. Uh, we're going to see whether, yeah, we're going to see whether we're trickling into other things, uh, with core. And so I think that's going to be the big print. I think headline is still incredibly important though, and it's going to move markets, but core is going to be what people are watching in terms of yield, in terms of interest rate sentiment. Uh, I think a lot of it is going to be dependent on core. We also have ECB's sink Simcas saying recent data suggests more tightening may be needed. French yields rising due to economic developments. Don't see a role for ECB in France at present. We don't see evidence second round effects yet. And so again, this is, uh, all relevant to what we're talking about today, but man, look at Bitcoin rise. Let's put up a Bitcoin and we'll put up the NASDAQ here as well as watch gold. Here's the NQ. There's the NASDAQ here. 30,800 is on the NASDAQ still rising here. Still over. Let me make sure the previous closing price is in here. Hold on. There's the previous close. The NASDAQ technically green on the day has risen up. Um, we're over the volume weighted average price now, but man, look at Bitcoin shoot up ahead of the CPI report. So does somebody know something? Maybe again, if we show up cooler than expected today for CPI inflation, somebody knew something. Um, because we're starting to see some rallying back up ahead of this report in 18 minutes. So bound to raise rates, maybe in December. I think we pause next or this month and raise in December. Demand Bitcoin, Bitcoin and gold, Bitcoin core is the key data point. Yeah, for sure. Bitcoin only catching the Dow Bitcoin, Bitcoin, Apple. Bitcoin's going to skyrocket. No one said XRP. I can put XRP up, see how it responds to this.
[00:57:31] Speaker 4: All right.
[00:57:41] Speaker 1: Do we think the market has digested anything close to inline? Well, I mean, inline is what is getting baked into the market right now. So since that's what's expected today, the market's already baked that in. That's why I like we could look at the last numbers, but markets have already baked in the expectations here. Um, and so if we show up super high, they're going to adjust, obviously, in terms of high yields. Weaker NASDAQ, weaker gold, weaker Bitcoin. Probably we show up flat or lower than expected. Again, markets might celebrate this report. Uh, I'm shorting Bitcoin right now. Hey, good luck, dude. It's going to dump Bitcoin four hour fake move. What will gold do? Gold's going to react in a similar way to Bitcoin in which like Bitcoin and gold, if we show up higher than expected for CPI today, they're both going to drop. Um, probably, probably. We don't know for sure, but probably, you know, that's probably the dynamic here. What is my CPI expectation? I'm going to go with flat today. I'm going to go with completely flat. I'm going to go with as expected, uh, is my guess here.
[00:58:46] Speaker 2: Any particular reason why, or just the gut feeling?
[00:58:49] Speaker 1: I do like the story of midterms and there, they want some type of easing and, and, and less fear ahead of midterms. So I'm going to go with flat. Um, again, I've said this once. I'll say it again. People ask me, they're like, John, how do you get CPI report right as often as you do? I mean, I'm the greatest predictor of it. I mean, I just want to put that out there. Yeah, true. You know, I might change my name to CPI predictor London. Uh, but, but, uh, I'll tell you guys, like anytime I pick a CPI expectation, I have a thought experiment that goes through my head. I say, what do they want the numbers to be? You know, what do they want the numbers to be? And right now I think they want the numbers to be flat. Uh, so that's my guessing. That's my guess is we're going to show up flat. Um, hey, thank you, Hamza. I appreciate it, dude.
[00:59:34] Speaker 2: I've heard they're starting to call you CPI, Johnny.
[00:59:36] Speaker 1: You know, they do that. Probably in some circles, they probably do. Um, yeah.
[00:59:40] Speaker 2: In the, in the dark corners of the economic web, you know?
[00:59:43] Speaker 1: Yeah. No, no, no, no, no, that's right. You know, Bitcoin 85 K today. Yeah. I mean, look, if we show up lower than expected for inflation data, we might show up at Bitcoin might get up to 85. It's still a long ways. And we would have to show up. If we show up really low for inflation data today, Bitcoin might get up to that, that print. Um, where's it right now? Uh, Bitcoin is at 83 something right now. So Bitcoin is at 83 sevens, just under 83, 800s. Hey, thank you for beer. Appreciate the sub, my friends. October, maybe. I don't know, dude. Nostradamus. Yeah. Hey, thank you, Aria. How did it feel to kill the night, night King, Aria? I'm sure you get that all the time. Uh, all right, guys. So Bitcoin's still rising though. I mean, let me, let me see what kind of chart I have up. Okay. Yeah. We got the red chart. Bitcoin's still rising. It looks okay. NASDAQ. Look at the NASDAQ start to push here as well. We're at 30,800 plus on the NASDAQ. We're still under 31 K. But, uh, again, on gold specifically, I'm watching a few different levels on the NASDAQ. You know, we have this peak up here, like 860. I'm looking at as well. Uh, again, the CPI report releasing in 13 minutes could change all of this, but that's kind of, you know, what I'm looking at right now. NASDAQ still pushing up here. We got 13 minutes left. Y'all do me a favor. Hit that subscribe button if you haven't already yet as well, chat. We appreciate it. Yeah. And hit the like button too, everybody. Please. Okay. I'm trading now using your forecast. Don't do it, dude. We're not an investment professional. You got to read the disclaimer at the beginning of the stream, which means like, I have no idea what I'm talking about. Don't copy me. Uh, well, gold buy or sell. You might get banned. Yeah. You're about to get banned, Gina. Good day to you. Banned. Enjoying my coffee. Someone just opened up a 42 million, 500,000 Bitcoin short right before today's CPI. Somebody's betting on hot CPI print. Again, if we show up higher than expected today, uh, yeah, Bitcoin's going down most likely. I don't want this to happen. This is just, you know, I mean, most traders that watch inflation data understand this dynamic here. Same thing with gold, right? If we show up higher than expected today, uh, yeah, we might, we might be falling down here and not just the net, not just Bitcoin, but Bitcoin goal with the NASDAQ will probably fall. Inflation data is one of those readings where, you know, we get a lot of, uh, we get a really easy dynamic to watch, right? And that easy dynamic is again, high inflation's bad, low inflation's good, uh, for most risk on assets. Yields are going to do the opposite. So like inflation data shows up high, yields are going to go up, bonds are going to go down. Um, so we'll see, but we will trade this report. I got to wait at least a minute after this report, but honestly, I haven't done too bad trading these reports recently. Uh, like specifically I've been kind of trying to take advantage of, uh, you know, I've been trying to take advantage of, um, some overreactions in regards to these reports.
[01:02:51] Speaker 2: So we'll see what happens today, but be honest, John, banning spammers is one of your little pleasures. Oh, that's right. Oh, I do enjoy banning some spammers, dude.
[01:03:05] Speaker 1: That's what we do.
[01:03:06] Speaker 3: That's how we live. You know, that's what we do. I'm just watching people tease them in the chat. It's just, it's just funny.
[01:03:14] Speaker 1: You get a ban. I'm like Oprah, but with bans, dude. Somewhere working in Fed says CPI is better. That's why Bitcoin going up. I don't have a position right now. I did trade earlier. We made money. We're green on the day, but I'm, I'm, I'm sitting kind of flat right now ahead of this report. The report drops in 10 minutes here, so I'm sitting flat. I don't want to take too much risk ahead of this report, to be honest. Recommend any position on gold? No, not really. I like gold long-term. Short-term, I'm not sure what it's going to do. And, and, you know, because we don't know what the CPI print is, gold can get really volatile today. Again, we trade a lot of prop firms here. So most prop firms restrict trading. And for good reason. I mean, look, some people are just kind of YOLOing and taking huge full port positions. In CPI, if they burn it, they burn it. But if they make money, they make a bunch, right? So again, they've kind of restricted that in a lot of ways. You get a ban too. Good day to you, sir. Hey, guy, whoever you are. Where can I see CPI news and market? I don't know, dude. It might be on the channel right now that says CPI inflation data, 830 inflation shock or ease with John here. The CPI Oracle. I don't think that's it. Britt, the prodigal son. You know, he's here today. All right, guys. Nine minutes here. Nine minutes. Another one. Yeah, another one. Yeah, I still don't understand what the point of it is.
[01:04:49] Speaker 2: Yeah, like, do you think you're actually going to accomplish whatever your goal might be?
[01:04:53] Speaker 1: I don't really know, dude. I really don't know. Did you just recommend Oracle? Yeah, that's what I did. The Oracle of CPI, John. Johnny. Johnny CPI. Yeah. Buckle up, boys. Again, higher or lower CPI today? What percentage do you guys think CPI inflation data shows up at today for core? For core, it's expected at 2.5% on the year, 0.2% on the month. Expected to ease a little bit on the month for core, rise a little bit year over year for core. What percentage? It's expected at 2.5% or 0.2% on the month. What percentage do you think CPI core inflation data shows up as today? As expected, we're in the matrix, 2.6, 2.5, slightly lower. Most often than not, gold, Bitcoin, Euro, US dollar all trade in the same direction. Yeah, for sure. They're all risk-going assets is what it is. 2.6 would be funny. I mean, it's expected headline at 2.6, but if core shows up at 2.6, market's going down probably. It's only slightly higher than expected, but it's still higher than expected. I still think we're going to pause this month in terms of Fed decisions, even with a slightly higher than expected core reading, but it's definitely not, you know. It's definitely possible to go the other way as well. 3, 2.8%, 2.3%, 2.2, 2.7. Only have two brain cells, sir. Yeah. I mean, look, Brit's my other brain cell. I got one. Yeah. It's my number two in brain cells. Bitcoin definitely going down today. Mixed up core, not core. My bad. I'm going to buy the dip. 2.5, as expected. 2.6. 10-year yields. I mean, yeah. 10-year yields are actually a little bit lower today. So, 10-year yields are lower. Again, look, they've been down over the last five days, but this report could move yields. Like, if you look at a five-day chart for yields, they have fallen pretty significantly over a five-day period for yields. But if we show up higher than expected, this is all going to spike up today. Here's the NASDAQ. Again, NASDAQ at 30,800s or so here. Bounced right at the previous closing price. Again, Bitcoin is pulling back from its run-up earlier on the day. And again, this is not the only thing going on this week, guys. We got Warsh speaking at the end of the week at the IMF. And I'll have to look at what time Warsh speaks. I'm going to have to get up for it, but I'm not really happy about it. Hopefully, it's not that early. Let me see. Warsh speaks. Oh, my gosh, dude. Ew. I don't know if I'm doing this. 11.30 p.m. Eastern time, Warsh speaks on Thursday. Shit. I don't know if I'm going to cover that. I thought he spoke Friday. 11.30 p.m. for Kevin Warsh. Yeah, it's pretty late. It's late enough where I don't know if I want to do it. Yeah, 11.30 p.m. Eastern time on Thursday. Shit. It's pretty late, guys. Yeah, MU memory plays are all down pretty big. What's up, The Real? How you doing? No, it's Thursday.
[01:08:08] Speaker 2: Yeah. Watermelon. It's B-R-I-T-T.
[01:08:11] Speaker 1: High CPI, 3.6%. Rate hike in December. How many likes do we have here? Y'all hit the like button, guys. I'll do a take profit trader giveaway if likes can hit 500. Only then will I do it. So, y'all better pump the likes up. We'll do a take profit giveaway if likes can hit 500 today.
[01:08:33] Speaker 2: Yeah. We're at 278. You know?
[01:08:35] Speaker 1: Yeah. All right, guys. Five minutes here. Five minutes. We got about 3,000 here. Five minutes.
[01:08:39] Speaker 2: A little over halfway there. We can do it.
[01:08:41] Speaker 1: Yeah. I mean, I think just saying this, honestly, right now will get us pretty close to it. So, again, we'll do a take profit. We'll give away a take profit. I think it's a 50k take profit account. Let me see what I got in my dashboard here for take profit. Yeah. It'll be a... Hey, thank you, my guy. I appreciate it. Yeah. We're going to be giving away... I think it's a 50k. Yeah. 50k is what we're going to be giving away. 50k take profit account. I'm not going to start it yet. We need the likes goal to hit.
[01:09:29] Speaker 2: I believe in you guys. You can do it. You know?
[01:09:32] Speaker 1: Hey, guys. I don't know, but can we do prediction for CPI? Again, I'm going with flat. Again, what's your prediction, guys? Put it up in chat right now. We have four and a half minutes left. Four and a half minutes. Getting sweaty palms. What's up, Steve? We need deflation. Bring prices and rates down. Flat higher as expected. Yeah. In our poll, about 50% today think we're going to show up higher than expected. About 50% think higher than expected today. I also got news that container ship sinks near straight up for me after being hit by a projectile. 3.4% year-over-year lower than expected. Yeah, I'm talking headline, though. Headline is really what I'm looking at today. I mean, we're looking at core, but headline is going to be the story. No, I'm sorry. Core is going to be the story today. Core is expected at 2.5% and 0.2% on the month. We have less than four minutes until this report drops, so just be careful, guys. Be careful today. CPI flat. I'm going to go with flat as well. John, bless you, pal. Many thanks for the stream. Dude, they seriously want us in a recession. Yeah, I mean, we just got up to 450 likes, so 50 more, guys. 50 more. 2.9 coming in hot. Hey, we'll see. We'll see. I don't know.
[01:10:44] Speaker 2: I see how it is. You guys can hit that like button when there's a little self-interest involved, huh?
[01:10:49] Speaker 1: American greed. You're American greed, right?
[01:10:51] Speaker 2: Yeah.
[01:10:53] Speaker 1: All right, guys. NASDAQ is greed. We got three minutes left. Three minutes. Again, I'm going to go with flat today. That's my story, and I'm sticking to it. I'm going to go with flat today. I think it makes sense, the dynamic of midterms coming up. They don't want a super hot reading ahead of it. I'm going to go with flat today. All right, then. Yeah, let's see. Again, we got three minutes left. Three minutes left. Again, core expected at 2.5% on the year, 0.2% on the month. It's expected to uptick on the year and decrease on the month, 0.2 versus 0.3. Headline, though, which includes oil-driven prices, is expected today at 3.6%. Not a good number. Not a good number at 3.6%, but oil is so high right now, I guess it makes sense. Hey, thank you, Max, hon. I appreciate the sub. Thank you, friend. But let's see what we get today, guys. Two and a half minutes left. Two and a half minutes. NASDAQ is up to 30,818 right now, so the NASDAQ is rising ahead of this report. So the NASDAQ is rising. Have to be higher oil. You have 500 likes now. Nice, Ola. I knew I would. 515. Yeah. The power of me asking for things here. They're going to kick the numbers. Yeah, again, guys, we got two minutes left. A Bitcoin bill sends 20 beginner trading memberships. I'm going to have to mute this ahead of the CPI report. We got two minutes left, Bitcoin bill. But shout out to all of you guys. Thank you, man. Sorry, Bray. You're muted right now because I'm pretty sure it's going to start playing the sound over it. All right, guys. We got. Yeah. Bray said it's okay with him. He's just going to say all kind of terrible stuff now. But shout out to Bitcoin bill. My guy, dude. 20. Y'all all get memberships today. Mixmob, David, Hens, Pawn, Ryan, Harsh, Farmer. All right, guys. A minute and a half left. NASDAQ is rising. Bitcoin is rising. I'll thank you more in a second, Bitcoin bill. But yeah, I'm going to have to take this off screen right now with this data coming out in a minute and 20 seconds left. So shout out to Bitcoin bill. But we got one minute left here, you guys. One minute until inflation data. Here we go. One minute. Bitcoin crash. Bitcoin is actually pushing back up. Again, higher inflation should make Bitcoin react negatively. Lower flat inflation should be a big win for Bitcoin. But again, we will see here, guys. We will see. We got less than a minute now. Less than a minute until this report drops. Again, give me your last minute predictions here. We have 50 seconds left until CPI drops. Flat numbers. I'm going to go with flat as well today. I'm going to go with flat today. Bitcoin to fall to 50K. I don't think so. I hope not. All right.
[01:13:33] Speaker 4: Here we go. We got 30 seconds left. 30 seconds. All right.
[01:13:42] Speaker ?: All right.
[01:13:42] Speaker 4: Here we go. 25 seconds. And we're going to dig through this inflation report as well here. Here we go. 20 seconds. All right. Here we go.
[01:13:58] Speaker 1: 10, 9, 8, 7, 6, 5, 4, 3, 2, 1. Here's CPI. Okay, guys. So look at the NASDAQ fall here. So the NASDAQ dumping down CPI 3.7% on the month. All of it was basically higher than expected. Look at the NASDAQ dump here. All of it was basically higher than expected. 0.3% for core versus 0.2% expected. 2.6% year over year for core versus 2.5% expected. 3.7% year over year for headline versus 3.6% expected. And CPI headline was flat. But a lot of this was higher than expected. Look at Bitcoin dump here. Look at Bitcoin dump. Wow, dude. NASDAQ is plummeting down here. Very scary here. Very scary. Again, higher than expected inflation out of three out of the four readings here for inflation data. Higher than expected for inflation out of three out of four of these readings. So again, CPI showed up hotter than expected in both month over month core, month over month headline, year over year headline, month over month headline was flat. But higher than expected everywhere basically right now. Not a good report here. Not a good report. Again, let's break through what this all says. But higher than expected basically everywhere here. Not good. Not good. Again, let's dig through this report here. Let's dig through this report. Here's the inflation report. The NASDAQ is falling quickly right now. The NASDAQ is falling quickly. Hotter than expected inflation basically everywhere here. And again, let's summarize. Here's the report. Look at Bitcoin fall. Look at the NASDAQ dip here. And so hotter than expected. Gas was the main driver. It rose 9.1% for the month, which is over half of the headline increase. Energy rose 5.2%. 5.2% for the month is up 20.4% from a year ago with gas up 34.2% and fuel up 74.2%. Shelter also sped up. It rose 0.4% after only 0.3% in August. Owners equivalent rent rose 0.3%. Rent rose 0.2%. Hotel prices rose 2%. Core rose across the board. Airline fares rose 1.2% up 22.4% on the year. Used cars, education, recreation, and apparel all up. Food was flat. Communication fell 0.2%. But again, energy is still pushing headline inflation up. The bigger signal is core. It beat the 0.2% forecast, held at 0.3%. The yearly rate rose to 2.6%. It makes it harder to argue that the September rate hike will be the last one. Let's take a look at yields. But hotter inflation data all around. Look at Bitcoin go all the way red on the day. Look at the NASDAQ fall. Rejecting right there at 850. And so again, we did rise for basically all of the inflation data prints we got today. Not good. Not good.
[01:16:54] Speaker 4: Again, heat shock going on in this inflation data. It is something I did. I mean, it's my fault. Yes, you are. Sorry, dude.
[01:17:10] Speaker 1: Again, inflation data heated here today, man. All right, Britt, you're back up. The music's back up. But again, inflation data is super high versus expectations now. Let's take a look at yields. I want to take a look at number one, two-year treasury yields follow the Fed rate cycle here. So let's see what yields are doing. They are rising, obviously, on this report. Look at yields jump up. Two-year treasury yields spiked on this inflation report. Again, hotter than expected inflation print today. Look at two-year treasury yields jump. So they have jumped up significantly on the CPI report. If we take a look at 10-year yields, which are also a big factor right now. And they've also been very high. I mean, I already know they're going to be going up right now. Yeah, look at 10-year yields right now. So 10-year yields spiking as well on this report. And so, yeah, Fed Watchtool is going to be down. The servers aren't working. Shout out to Bitcoin Bill with the gifting memberships, my friend. Thank you, brother. I appreciate it, dude. I couldn't really cover it. Thanks, Bill. Yeah, but shout out to Bitcoin Bill, my guy. Thank you, bro. Thank you, friend. I wonder if it's the same bill from Trueblood. It probably is. I believe it is. He invests in Bitcoin, I'm pretty sure. Again, Bitcoin down. 8,200 is under 83,000. NASDAQ pushing down here. We're under 650s. I do think this is a bad inflation report, obviously. Gold also falling down to 4140s here. So gold dipped all the way back down. A lot of markets are reacting negatively to the CPI print here today.
[01:18:33] Speaker 2: It's definitely not good, but it's a far cry from whoever predicted a 30,000-point drop earlier. Yeah, a 30,000-point drop is kind of, you know, it's just not going to happen. Yeah.
[01:18:43] Speaker 1: If that happens, we have much bigger problems. Yeah, for sure. Yeah, 100%. Man, look at the NASDAQ fall. I don't know what to do with this here. I mean, the easy money would be shorting this because this is high. Yeah, I want to see what the Fed watch tool has got to say, but I'm sure the servers are down right now. One of the things we do see from this report is we do see two-year yields rise, which has to do with Fed rate sentiment. And so, again, the Fed watch tool is down right now. I'm going to guess it's going to jump up. What percentage do you guys think this is going to jump up to? I think it's going to jump up to maybe like 35% in terms of a hike. I still think we're pausing this month, though. I still don't think we're raising rates this month. I still do believe we're going to pause this month. But, yeah. Bitcoin normal, what are you talking about? From what? I think it's going to jump up. It was at about 21% or 22%. I think it's going to jump up to like 30%, 35% right now in the Fed watch tool. That's my guess here. Okay, we do have it out now, but it's not really reflecting the data yet. So we're still showing a 21% chance, which is what it was prior to the CPI report. But, again, markets are scared right now. Look at the NASDAQ dip here. We're at 30,594s. So we are still falling. It doesn't look good. Core came in at 2.6%. Core did show up at 2.6% today. Higher than the 2.5% expected. Again, today with this inflation report, headline higher than expected except for month over month. Year over year headline higher than expected. Core both showed up higher than expected today. So core showed up higher than expected on both prints. Headline showed up higher than expected on one print. And the other one was flat, right? So this is hawkish data today for sure. This is hawkish data today. And, yeah, again, that's kind of the story of this today. Do we raise rates this month now, guys? What do you guys think? Do we raise rates? I mean, I think we could. But do we raise rates this month now? Also, guys, if you haven't already, check out Apex. If you like day trading, most day traders lose money. But, again, it can be a skill you'll have for the rest of your life if you do it successfully. Apex right now has $7.50 accounts. If you buy five of these base intraday standard 25K accounts, you can get a five-pack bundle for $37.48. Basically, $40 after tax. That's roughly $7.50 each right now. And these are the cheapest accounts. Yeah, if you pass this test, you get 25K in funding. Again, Apex is great in a lot of ways. You can trade up to 20 accounts. You can pass these in one day. I did pass one or two of them yesterday. And so we did pass some of these yesterday. And so we got 25K in funding on Apex. But, again, if you use code BGT at checkout, you can get this five-pack bundle deal. You got to use code BGT at checkout. You'll get them for about $7.50 each. So if there's any day to kind of YOLO full-port accounts on Apex, now might be the day here. I'll put the Apex link up if you want to help support the channel. If you appreciate these data releases and everything we do here, you can help support the channel. Here's the link. I'll pin it to the top of the chat.
[01:21:42] Speaker 2: I think it's a great deal. I mean, if you do lose it, you lost $7.50.
[01:21:47] Speaker 1: Yeah, 100%. Yeah, absolutely. Also, guys, we are going to be doing a Take Profit Trader giveaway. A lot of people like Take Profit. And so we'll go ahead and start that now since we did break 500 likes. And so we'll go ahead and start that giveaway now. All you got to do is type BGT in the chat to join this Take Profit giveaway. We'll announce the winner at the end of the stream. It's going to be a Take Profit 50K account. And Take Profit's great because you can literally take daily payouts once you're over the initial buffer. So, like, some of the most loose payout restrictions are on Take Profit Trader as well. And so, again, if you want to check out Take Profit Trader, you can. I'll put that link up right here. But, again, if you want to participate in the giveaway, just type BGT in the chat. We'll pick a random winner at the end of the stream today for a Take Profit 50K account. Here's Take Profit if you want to sign up. Again, no activation fee, 40% off. Some of the most loose payout restrictions in the game right now. Check them out. I'm in on the first one minute. Yeah, I mean, I might trade this here. I'm kind of waiting. We're still breaking down, though. And it's, like, I mean, if you look at it on my trade of HR, look at this breakdown from CPI, dude. Again, I was wrong on this one. I thought we were going to show up as flat. We did not show up as flat. And look at the NASDAQ fall here. So, we've taken a pretty decisive turn down on the day here. I think my trade idea based around this is just a continuation. If we get up to 75, 675, I'll short. But we got to get up there first. And, again, the news was bad enough to where I don't really like logging right here. It might work. But I think the risk that we keep dropping heading into the opening bell is too profound. And so, I'm just going to wait and see if we bounce back and get, like, a continuation short at 675. Maybe 650 if we drop more.
[01:23:22] Speaker 2: I got to say, John, I think you're setting a bad trend, dude. You know, real men never admit they're wrong.
[01:23:27] Speaker 1: Yeah, you might have to type BGT in the chat again because, for whatever reason, Nightbot disconnected. So, if you have not already, type BGT in the chat and you can join the giveaway. But, for whatever reason, Nightbot disconnected. It's back up now. Maybe it was mad you admitted you're wrong. I was wrong. I was wrong. I thought we would show up as flat today. We did not show up as flat today. Unfortunately.
[01:23:50] Speaker 2: So, uh... Sorry. I was just thinking, like, I like that real men never admit they're wrong, you know? Honestly, I'll admit I'm wrong and I'll make fun of myself. I'm pretty self-deprecating here. Me too. Obviously, I'm kidding. Like, I have no problem admitting when I'm incorrect about something. You're wrong all the time, Britt. Wrong all the time, you know? I know, and I admit that.
[01:24:10] Speaker 1: I know. I heard Britt this morning say inflation data was going to show up flat today. I definitely didn't say that. But, like, Britt, you know, he was trying to do an impersonation of me and, you know, he said inflation data flat today. Definitely wrong here. I was very hopeful about it. Yeah, shame Britt, guys. Yeah. Again, long or short, buy the dip or continue down here today. What do you guys think? Let me do a poll here. We got inflation data show up higher than expected today. I'm going to do a poll, but I already know what the freaking answer is going to be. You know? John the Oracle.
[01:24:40] Speaker 2: You should admit it when Britt is wrong.
[01:24:43] Speaker 1: I'm going to do a poll today, but I already know what the answer is going to be today, dude. I already freaking know. Are you bullish or bearish on the day after a hot CPI print? I already know what it's going to be. It's going to be bearish on the poll. Watch. I already freaking know.
[01:25:01] Speaker 2: It's going to be bearish. I'm just going to be contrarian and just say bullish. Yeah. Yields. Oh, okay.
[01:25:07] Speaker 1: Sorry, Britt. Just to rub it in everybody's face. I think there's going to be something we can make fun of you for being wrong about, Britt, but that's all right. Look at yields. 10-year treasury yields still spiking here. This is why I don't like a long right now. Yeah. Here we go. We're about to crack lows. There we go. We just cracked lows. We might grab liquidity down here, but man. Look at this drop here. So we are still falling in the NASDAQ here. Bitcoin is obviously down. But man, we'll get a relief bounce, but the coming weeks are going to be red. I'm still watching the Fed watch tool. I want to see how this reflects here today. So I do want to see about the Fed watch tool today. I want to see how it reflects. I'm going to guess it's going to go up to like 30-35%. It's still down. My server's still down. But NASDAQ's still cracking lows. We're at 564s right now. 564s. Economy is very resilient and strong. We can handle the high readings. Yeah. I mean, but the economy being strong is also hawkish. You know, it's going to be seen as inflationary. It's one of the reasons the market last week reacted negatively to weak jobs. We had weak jobs last week, high unemployment. The market celebrated it. The market went up. Really? Yeah. Yeah. I mean, and this is a dynamic we see when inflation is a big fear. Like weaker jobs and higher unemployment means potentially less inflation is the argument there. Maybe more focus on the labor side of the dual mandate by the Fed. So, yeah, we'll see. AI is correct so far. Again, we're going to be giving away a take profit account, guys, today. Just type BGT in chat if you haven't already. You only have to type it once, but we are going to give away a 50K take profit trader account today. Well, closures are up. High inflation will impact the decision. 40% odds on hike now for October. Is it really? Mine's not refreshing here. Mine's still showing 21.6%. But, again, I imagine it is going to go up to like 35%. 40% is what I thought. 40% makes sense. Again, it wasn't crazy high, but it was high basically everywhere. And core being hotter than expected year over year and month over month. Again, core is the big number here. It's secondary effects of oil inflation. So, core is the bad one. And that was both higher than expected on month over month and year over year. So, I think this drop makes sense. I think hike odds going up makes sense. I still think we're going to pause. But, it's definitely less certain now versus what it was 20 minutes ago. Exactly, but we've got strong jobs and higher than expected inflation. I mean, I don't know. Jobs weren't strong last time. Big crash is coming. Yeah, I mean, we're still falling now here. This is not a good report. NASDAQ ended up dumping pretty big on this. Core month over month was not as expected. Or, core headline month over month was as expected. Core rose 2.6% on the year and point, what was it, 0.4% on the month? Let me see. Yeah, core rose both month over month versus expectations and year over year. So, core was expected at 0.2%. It showed up at 0.3%. If we're talking about relative to last time, yeah, core is flat. But, again, core CPI year over year rose from 2.4% to 2.6%. All right, we're testing lows again in the NASDAQ here. Testing lows again. Are hike odds really that high? Can somebody else check the FedWatch tool for me and show me what hike odds are at? Mine is not refreshing here. Mine is still showing 26.1%. The server is flooded right now on the FedWatch tool. So, mine is still showing 21.6%. Yeah, the VIX is probably spiking up right now, huh? Yeah, VIX is up to almost 16s. BGT is the code. We're going to do a Take Profit Trader account giveaway today. And so, if you type BGT in, we're going to pick a random winner. You know, we're going to pick a random winner. All right, guys. So, we're at 570s. Hey, thank you, DG, my guy. Thank you. Y'all hit the subscribe button as well. Listen, we covered this. We're going to trade the opening bell live. Hopefully, like, we get some good stuff today. But we are going to, you know, yeah, we are going to, you know, yeah, we are going to get some trades in once this settles down. So, I got to wait for this to settle just a little bit first, though. Spot Silver is down 3% to 57, 850s. Super Core year-over-year is 3.13% versus a previous of 3.02%. Again, Fuel Oil. Like, if you look at the categories here. This is by Schwab. Like, if you look at the categories for CPI today. Like, look at this. Look at these readings here. So, again, a lot of this was driven by fuel oil. Like, look at, look at fuel oil. Sorry, I circled the wrong thing. Look at fuel oil up 74.2%. 74.2%. Very high. Very high. Gasoline is up 34%. Airline fares, which secondary effects of high oil prices, up 22.4%. So, just very hot reading today in a lot of ways. But it wasn't crazy bad. I don't think it's enough to push back the hike odds. Or push up hike odds, like, to a point where a hike is the majority likelihood. Did anybody check the FedWatch tool for me?
[01:30:40] Speaker 2: I tried. I can't figure out. I don't have an account, and I can't figure out how to work the site.
[01:30:45] Speaker 1: Yeah, I'm sorry. So, if you just hit entered BGT, I don't know why it's down. I'm going to keep this window up to make sure it's not down. Disconnected from chat server reconnecting. Man, the FedWatch tool sucks right now, dude. Or not the FedWatch tool. Is that your technical analysis of it? Okay, there we go. We're back. CME watch tool. No, it's not 78%, is it? 24% Fed hike.
[01:31:15] Speaker 2: I see two people saying 78%, but that doesn't mean it's true.
[01:31:19] Speaker 1: 78.4%. Is it really that high? I don't know, dude. Yeah, revenge. You don't have to type it that much, dude. You only got to type it once, brother. Type it 30 times. It's not going to do anything. You're just going to get banned if you type it that much, revenge. Okay. You're about to get banned, dude. All right, so we are bouncing back a little bit in the NASDAQ here. Vote early, but often does not apply here. Yeah, I mean, the more time you type it does not give you more entries. You just enter once, you know?
[01:31:51] Speaker 2: Yeah. Yeah.
[01:31:53] Speaker 1: All right, so we are starting to rebound some here. Again, we did a poll. I already knew which way we were going to show up as. Most people are bearish on the day. We got 63% bearish, 37% bullish. Nike is still up good. Is it 35% Bo Green? Don't lie to me, bro. Don't boost my ego like this, dude. Is it 35%, bro? Yeah, 10-year yield. The 10-year yield is still spiking up. You can look at the 10-year yield. It's up to 5.304%. Y'all don't lie to me, bro. Don't lie to me, dude. It is at 34.9%, bro. I called that shit on the nose, dude. Ugh, man. John for Fed Chairman right now. Dude, make me Bond, you know, Bond Chairman if there is such a thing. Make me the Fed Chairman right now. You know, make me the big decision maker here because I obviously need to be. I mean, I got CPI, or I mean, Britt got CPI wrong today. But, you know, we forget. I'll never admit to that, like I said earlier. Yeah, make me the freaking, you know, yield chairman here. You know, make me Treasury Secretary, all right?
[01:33:07] Speaker 2: They're going to create a new position just for John, you know? Whole new cabinet post.
[01:33:14] Speaker 1: I see some people say it is 43%. Refresh again. Don't do this to me. You can't take this away from me. It's all he's got. The Fed watch tool is taking everything I work for. Okay, I'm still showing 34.9%. NASDAQ starting to rally here. Again, if we get up to 675, I will short this. I got to wait until we get up there, though. So, buyers swarming in. John from President. Yeah, 34.9%, but it's moving all over the place. What did I miss? You missed the hot CPI print that dumped markets, dumped Bitcoin, dumped gold. Although, again, we're starting to see a little bit of a dead cat bounce here in the NASDAQ. I don't like it here. I'll take a continuation short at like 675, though, if we get it. Gold is all the way down to basically 4,100s. Bitcoin has fallen all the way as low as 82,850s here. So, Bitcoin's dumped. Gold is dumped. But they're starting to rally back up here. I don't like it short until we get to maybe 675 right here. Like, maybe here is where I'm looking at a short, potentially. But we need to get up there. The story was oil-driven inflation, though. Yeah, I mean, at this point, a hike in December is looking pretty likely. I think this confirms a December hike at the very least. Unless we get inflation data that shows up really optimistic prior to December for next month. I think we're going to hike in December. All right, so we're up to almost 640s. I like 675 for a short. I have to wait for that. Yeah, I'm still showing 34.9%. Buy the dip. I'm not buying this yet. It's too scary of a reading to buy the dip here. Could it be an overreaction? Sure. I'm not going to short it until we get to 675, though. Maybe 650 if I'm feeling spicy enough for it. We're already green on the day. We have a cushion on the day. No change. 56% increase. 45%. Yeah, I mean, this confirms a December hike, I think, for sure. Why 675? Because I think it's about 50% of the move down, which would mean that we've filled some of the gap down. It's also a psychological level in a previous support and resistance area at 675 right here. So I'm looking for a move up here, a liquidity grab over this level right here, and then a rejection back down is what I'm looking at. Maybe down to like 625 here. So this is the window I'm looking at for a short, if that makes sense. So I'm looking for a move up to 675, a break up this level, grabbing liquidity, coming back down, and looking for this. But we might not get it. Again, we get a continuation move down. That's plausible as well. Goldwaterfall. Full port calls. Yeah, I mean, look, dude, this is not a low print for CPI. Oil-driven inflation is here, and that's kind of the scary story right now. It's just oil-driven inflation. Again, if we look at where all of this, like where this all was, this was all specifically in gas and related fields. Like, look, so again, here's the report. Fuel oil up 74.2%. Gasoline up 34.2%. Airline fares, which have to do with high gas prices, right? High fuel prices, 22.4%. Smoking and tobacco up 6.4%. Y'all don't freaking say it. Don't say it, all right? But smoking and tobacco products up 6.4%. Motor vehicle maintenance and repair up 5.8%. Hospital service up 5.6%. Natty gas up 5%. Electricity up 4.4%. Non-alcohol beverages 3.8%. All items 3.7%. So, yeah, here's a rejection. We're starting to push towards these lows again. Bitcoin rejected exactly at 83k. Actually, nothing has changed for hike expectations. I mean, the odds have certainly changed. All right, NASDAQ's starting to really push down here as well. Bitcoin falling also. So, we're starting to see a continuation of the bearishness. IONQ announced an offering. Again, SuperCore did show up at 3.13% year over year. Services showed up at 3.15%. Bitcoin to 75k today. I don't think 75k today. I mean, it did drop big. We would have to show up really high for inflation for Bitcoin to drop that much. I mean, this is definitely bearish data, obviously. Yields are up. Markets are down. They're scared. But, uh...
[01:38:17] Speaker 2: Gold extends decline to 1.6% after an inflation report.
[01:38:20] Speaker 1: Yeah, gold is one of those things that fell. Yeah, so hike odds are currently at 43.7% right now. The watch tools finally slowed down a little bit. The servers are back. Gold did dip. Yeah, I mean, I think, like, after the CPI report, so many people are tuning into the Fed watch tool to see where hike odds are going based off of high yields, high inflation data. And so, what we see is everybody flooding into it, like me and everybody else here on the stream, probably, uh, 43.7% now, hike odds. Still a bit, uh, minority, but... Still, we're still, like, 20-something percent higher than where we were prior to the inflation report. It's looking more split down the middle in terms of 56-44% odds of a hike now. Or odds of a pulse. I don't know if that was a sneeze, but if it was, God bless you. It's not a sneeze. My sneezes are much more violent than that. I have very violent sneezes. My daughter gets mad at me when I sneeze. Um, I'll sneeze and she'll look at me and be like, Dad, what the heck? You know, I don't sneeze on her. Like, I cover my mouth, right? She gets mad at me when I cough as well. She's, like, rude, you know? I don't know, you know? She's a bad person is what it is. She's bossy. She's bossy. I love her, but she's bossy. Oh, she's a sweetheart, you know? I try to watch a movie with her. I try to watch a movie with her. I tried to get her to watch Contact with me for years. Oh, it's a great movie. Great freaking movie, dude. Uh, she finally watched it, loved it, cried. You know, great movie. Finally got her to watch it. I knew she was gonna cry. I did the same thing with the movie Face Off. Face Off, horrible movie. But I always found it entertaining growing up. John Travolta, Nicolas Cage. I always found it, like, entertaining growing up. Yeah, it's a bad... I literally...
[01:39:58] Speaker 2: It's a bad, enjoyable movie.
[01:40:00] Speaker 1: It is. I literally forced them to watch it with me. They got 30 minutes in, and they were like, Dad, what the hell is this? You know, we're turning this off now. They didn't get it. I don't know. They didn't get it. Is Face Off a good movie, guys? Let me know. Am I wrong?
[01:40:16] Speaker 2: I enjoy it. Yes and no, you know, if that makes sense. It's a bad movie, but it's an enjoyable movie. I'll tell you this. It didn't age well.
[01:40:25] Speaker 1: Like, the last time I watched it was 20 years ago. I kind of agreed with it when I watched it this time. I kind of agreed when I watched it with them this time. I was like, yeah, this is stupid. Yeah. It's like, hey, it's like, hey, you know, we've got the bad guy that we've been trying to get for decades now. You know what I mean? Like, we've got him. You know what's a great idea? Let's swap faces with him.
[01:40:47] Speaker 2: Yeah, let's run some long, convoluted, like, con instead of just putting one behind his ear. Ridiculous. It's freaking ridiculous, dude. Yeah. Speaking of Nick Cage, though, I tried to watch, like, the Spider Noir thing on Amazon. Dude, it's terrible. Yeah.
[01:41:05] Speaker 1: Yeah. All right. We're back. Let's see what happens now.
[01:41:09] Speaker ?: Yeah.
[01:41:13] Speaker 1: Again, we've got 9 a.m. coming here, but the Nasdaq is really approaching lows now. We're at 580s. So, we're really kind of getting close to lows now. Let's see what happens, but it's looking like we're going to break lows again.
[01:41:27] Speaker 2: Hackers is a classic movie. You're right. And I think Zero Cool would agree with you in the chat.
[01:41:32] Speaker 1: Yeah.
[01:41:33] Speaker 2: Yeah. Hackers is... I like Hackers. I love Hackers. Like, it made hacking look way less boring than it actually is.
[01:41:40] Speaker 1: Yeah. My husband likes it. I didn't care for it. Yeah. I mean, it's definitely a guy movie for sure. Entertaining but dumb. Yeah.
[01:41:51] Speaker 2: Oh, no, dude.
[01:41:52] Speaker 3: Swordfish is way better. What are you talking about? Whoever said that. Swordfish is great. Everybody hated it, dude. I like computers, though. So, Swordfish is...
[01:41:58] Speaker 1: I mean, the hacking... The hacking scenes are completely unrealistic. Like, hacking is not visual in that way at all. It's kind of like the Jurassic Park hacking scene. She's like, yeah, I'm hacking into the mainframe. It's like, eh. Like, okay, so you're going to get all these pictures while you're hacking? Like, I wish they had pictures like that and visuals when you're hacking. It's just not like that.
[01:42:15] Speaker 2: Well, it's like nobody wants to watch, like, somebody just typing in a bunch of code prompts and commands and stuff. That is boring. You know, so they've got to make it visual.
[01:42:22] Speaker 1: Yeah, for sure. All right, so we're about to test lows here. No, no, you're good. We're about to test lows here again on the NASDAQ here. Gold seems to be finding some support. If you look at 4,115s... If you look at 4,115s on gold, maybe that props us up. But 4,100 seems to be a level. But here's the NASDAQ pushing down. We do have the 9 a.m. release here coming out where brokers open up. I call it the 9 a.m. scrum. But look at the NASDAQ. It is flushing down here as we speak. It's about to test lows of the day. Yeah, here. All right. Bonds out of control. Yields are high. Bonds are dumping down here on the day. NASDAQ did just crack lows. We're down to 550s now in the NQ. 550s. We'll see if this bearishness continues. My short idea was right. We just didn't quite get high enough for me to take it here. But again, high yields are freaking markets out right now. Inflation data is out showing higher than expected readings on a lot of different prints. Again, we had Morgan Stanley Bank of America report earnings. They're all down as well, though. But gold's starting to break down under 4,115s. NASDAQ's breaking down under 30,450s here. So we're still shooting down right now, unfortunately. Yeah, here's 9 o'clock right now in 20 seconds here. We'll see if we get any type of easing in the downward pressure now from 9 a.m. The VIX is still pushing higher here. As well. And again, guys, if you haven't already, again, check out Apex. Apex right now, they give you a demo. They test your skill. You pass the test, they fund you. You can get up to 20 accounts. You can pass it in the same day. You pass the base account, you get 25k in funding. Right now, you can get these 25k intraday standard accounts for $7.50 each if you buy a 5-pack bundle using code BGT. $7.50 each. A great way to help support the channel if you appreciate what we do here. And the Beginner Trading Channel. If you want to check it out, here is the link. I appreciate the love, guys. Thanks so much. Here is the link. I put it up. Also, guys, if you type in BGT in the chat just once, you don't have to do it multiple times. Once and you're entered, you could win a free take profit. 25k eval will be given away at the end of the stream. Here is the Apex link. It's a great way to help support the channel. It helps keep the lights on here. Beginner Trading.
[01:44:48] Speaker 2: And we very much appreciate it.
[01:44:50] Speaker 1: Yeah, I'm not restricted. Steve says, John, why aren't you shorting? I just didn't get a bounce as high as I wanted. I could be shorting this. But again, I'm going to wait here. There's 9 o'clock. So 9 o'clock just happened. But I was thinking about shorting 675 up here. We ended up just kind of looking even weaker than that and continuing the downward push from this report. So I am looking to short today. But at this point in time, it depends on how much we drop. If we drop too much, you know, I'll wait. But at this point, it depends on how much we drop. Are y'all longer short in this market right now? Long or short?
[01:45:24] Speaker 2: A few people have successfully shorted right before the data dropped. That was a good move on their part.
[01:45:30] Speaker 1: Morning, John. I'm late. Can you repeat the numbers? Yeah, so core ended up showing up higher than expected month over month and year over year, both by 0.1%. Core showed up at 2.6% on the year and 0.3% on the month. Headline year over year showed up higher than expected. Although headline, headline, I believe, showed up at 2.7%. Let me make sure I get this right. I think headline showed up at 2.7% or 3.7%, I'm sorry, versus 3.6% expected. Headline month over month was flat at 0.6%. But basically, three out of the four of the main inflation readings were higher than expected today. It's one of the reasons the NASDAQ dumped down like this is because, you know, it was all basically higher than expected. So, yeah, Bitcoin's down, gold's down, yields are up, hike odds are up to 40-something percent. Any risk on assets down from this report for the most part here. And the NASDAQ has been consistently breaking lows, still dropping. Yeah, no worries, Blaze.
[01:46:29] Speaker 2: And also, Plague Dogs, I think the movie you were thinking of was Phenomenon.
[01:46:34] Speaker 1: That's a good movie, too. I like that movie.
[01:46:35] Speaker 2: I love that movie, dude.
[01:46:37] Speaker 1: When he starts naming the animals, you know? Oh, no.
[01:46:39] Speaker 2: It chokes me up every time, though, honestly.
[01:46:42] Speaker 1: Yeah, it's been a while.
[01:46:45] Speaker 2: Great movie, though.
[01:46:46] Speaker 1: Yeah, it's good.
[01:46:47] Speaker 2: Definitely one of his best.
[01:46:49] Speaker 1: It's a W, not a V. Hey, what's up, Keegan? How you doing, dude? I am long now. Got my fill for an entry into the queue. Should be deep red, though. Yeah, I mean, I don't know, guys. Long or short right here. We're testing lows of the day. We bounced up a few different times. We're less than 30 minutes into the opening bell now. But let me know. Honeywell launches Forge Cognition with NVIDIA and Dell Technologies, advancing physical AI across buildings and industrials. Bank of America CEO says consumers are spending and the economy is resilient. Again, the dollar index, I don't think I've looked at this today, but I should be. I mean, look at gold still dip. We'll put Bitcoin up here. Is that true Scottish crypto? But the dollar index is spiking on this report. Again, when bonds pay out more from higher yields, more people have to use the dollar to buy those bonds. And so the dollar strengthens consequently from it. What did he say?
[01:47:49] Speaker 2: I just posted it for you just in case you.
[01:47:54] Speaker 1: No, I didn't see that news about UK government seizing Bitcoin. No. Let me check. I'm almost tempted to long this, guys. It's a risky bet, though. It's a risky bet. Hey, thank you, Glow. Appreciate the subscribe, my friend. I appreciate it.
[01:48:15] Speaker 2: Scottish says, yeah, they seize thousands of Bitcoin.
[01:48:19] Speaker 1: Yeah.
[01:48:20] Speaker 2: I'd like to, I mean, that's true. That's. I mean, that's got to be precedent setting, wouldn't it?
[01:48:27] Speaker 1: Yeah. But I mean, again, AI boom full sharpest computer price inflation in two years. AI infrastructure build out is coinciding with sharp rise in consumer tech prices, adding another source of pressure. Again, computers, peripherals and smart home assistance are up 9.7% year over year. Yeah, market hasn't opened yet. Again, NASDAQ and Bitcoin still flushing down here. If we look at it, though, I'm waiting. I'm trying to. I almost want to inverse this on the NASDAQ here, though. Is the NASDAQ frozen? Is trade of age frozen for you guys? It's a one minute chart. It hasn't moved. Or is it just me? I better exit out of some stuff here. Make sure my computer's not. Okay, there it is. It just unlocked. That was weird.
[01:49:28] Speaker 2: It's done that to me before.
[01:49:31] Speaker 5: Yeah. All right, it started to move again here.
[01:49:39] Speaker 1: Not frozen? Okay, yeah, mine was just frozen for a second. I don't know. It might be my computer here. I got a lot of stuff up right now. Let me exit out of some of this stuff. Yields continue to spike, though, which is bad. Chrome just uses so much freaking memory.
[01:49:56] Speaker 5: Yeah.
[01:49:58] Speaker ?: Yeah.
[01:50:02] Speaker 5: Dollar index to $105.
[01:50:07] Speaker 2: I like how you can see how much memory each individual tab uses.
[01:50:13] Speaker 1: Yeah, it's probably time for me to buy a new PC. I could write it off. I probably should.
[01:50:18] Speaker 2: Me too. Mine's probably like 10 years old at this point. Yeah. It still works, though. I hate replacing something when it still works.
[01:50:26] Speaker 1: Right, for sure. Yeah, yeah. Hey, thank you, Drops. I appreciate you, my friend. Thank you, brother.
[01:50:32] Speaker 2: Thanks, man.
[01:50:33] Speaker 1: Yeah, we appreciate it. Again, check out Take Profit as well. Take Profit Trader has... We're going to do a series on Take Profit. But Take Profit Trader has some of the most loose payout restrictions. Once you're up at the daily buffer, you can take daily payouts here. And so we're going to do a series where we try to take daily payouts on Take Profit. And again, we're giving away a Take Profit account today. You just got to type BGT in the chat and you can enter the giveaway if you haven't already. We usually give away Lucid accounts, but we're giving away a Take Profit Trader today, which are a little bit more expensive as well. So, again, if you want to help support the channel, you know, you can check out Take Profit link right here. And again, 40% no activation fee. Just use code BGT. You'll get the max discount on Tradify, Take Profit, Lucid, Apex. It's a great way to help support the channel. Everything we do here is free. I always told people I'm not going to have paywalls behind my content. And I'm going to stick to that. But help support your boy here on this channel. We appreciate it.
[01:51:28] Speaker 2: We very much appreciate it. You know, you too can be a winner. You just got to enter.
[01:51:32] Speaker 1: Yeah. Did we get a new member? Did we get a new member? I don't know. Yeah, Britt's here. Britt's here. He is. I think that's him. It might be my conscience today.
[01:51:46] Speaker 2: You know. I've heard tell that Britt is here. But maybe not.
[01:51:51] Speaker 1: He might be. It sounds like Britt. Who knows whether it is Britt. We can't see his face right now, so.
[01:51:57] Speaker 2: No, you know. I've got a stream from the closet under the stairs, so. You know, nobody wants to see that. Yeah, do you have a lightning bolt on your forehead? I do, man. And I wear some awesome glasses and I ride a stupid broom.
[01:52:10] Speaker 1: Yeah, I was there when he got that tattooed on him, you know. He's just really into him.
[01:52:14] Speaker 2: Dude, that'd be hilarious. I wonder if anybody was actually that committed. I wonder if anybody really got, like, a lightning bolt tattooed on their forehead. Dude, somebody has. 100% somebody's got it, you know. I wish Mike Tyson would have done it. I just think it would have been funny.
[01:52:26] Speaker 1: Sean O'Malley might have it, you know.
[01:52:28] Speaker 2: Who knows?
[01:52:28] Speaker 1: Yeah, true. Britt shows up at the market dumps. What a time to be alive. Hey, thank you, Scott. As she said, can see UK government seizing news on Financial Times CoinDesk. Yeah, let me look this news up. Hey, thanks for that, Scott. Appreciate it, man. Hey, thank you, JomTV. Yeah, so UK court ruling boosts government chances of keeping 5 billion and seize Bitcoin. Yeah, so I see UK government holds 61,245 seize Bitcoin. Yeah, so they basically have 61,000 Bitcoins and people may never see them.
[01:53:11] Speaker 2: I'd have to read more about that, but I don't know how I feel about that.
[01:53:14] Speaker 1: Yeah, it said court ruling applying Chinese law determines whether 16,000 fraud victims or the UK government gets to keep 5.1 billion and seize Bitcoin gains. Honestly, bro, if they got their Bitcoin stolen from them and you have it now, why the hell, what are you doing? Give it back to them, dude. Like, what are you going to do?
[01:53:31] Speaker 2: Yeah, no, I have a big problem with that, if that's true. And I believe that it is. But, like, you see that kind of stuff all the time where, like, you know, some company or some entity defrauds a bunch of people and then they get hit with a heavy fine and for some reason the government gets all the money. I've never understood that. Crazy, dude. Freaking crazy, bro.
[01:53:50] Speaker 1: Yeah. Honestly, I'm not very political, but I'm against big government power on either side. Like, people like to argue left or right or all that stuff. I'm against big government power on either side, dude. I don't want, you know, I don't want any of that.
[01:54:04] Speaker 2: No, I agree. The point of this particular experiment being this country was, you know, individual sovereignty. Like, if you're not hurting anybody, you know, and you do things, you know, the right way, you're supposed to be able to do basically what you want.
[01:54:16] Speaker ?: Right.
[01:54:17] Speaker 2: A hundred percent. It's kind of crazy.
[01:54:19] Speaker 1: Yeah. John, would you long this double bottom? I don't know, dude. I don't know if I'd call it a double bottom. Maybe on a longer term chart, it might be. I'm just, again, this report was pretty bad, right? Yields are up. Yield fields are already here, right? So yield fears are already here. And so this report is pretty bad. It's not good. High inflation on three out of four readings is not good at all. It's all oil driven, but it's still pretty bad. And so I would normally not mind taking like a reversal trade and say, hey, yo, like we've overreacted some from this. But I don't think this report was good at all. Like a lot of the time when I trade CPI, I trade overreactions, right? So if the data is flat and the market dumps, I'm like, okay, I'm going to buy this up and see if we fill that gap. And that works a lot of the time when you trade news like this. I don't like trading news, but that dynamic can work. I think this news is pretty bad. I think a long could work and we're starting to push up now. But do I like the edge enough to actually take the long trade right now? I don't know. And I know I'm trading kind of slow. We're already pretty green on the day. I've only traded once today, but I'd rather be selective here with my trades and see what the opening bell brings, you know. And so that's kind of what I'm looking at right now. I, I don't see a lot of reason to be optimistic, but we have dropped a lot from the CPI inflation report already. And so I think I'm somewhere in the middle right now. What do you guys think? Is this a long or short? Britt brought inflation with him? Yeah, he did. Yeah, it was me. Definitely you, bro.
[01:56:02] Speaker 3: We're up to 580s right now. I don't know why. I think it's funny when I get used as a random scapegoat. That's the dynamic I'm creating, dude. No, I'm okay with it. Yeah, it's my dynamic here, you know. Yeah. I wouldn't have it any other way, dude. Me either. All right.
[01:56:31] Speaker 1: Long, long, definitely a long, short, definitely short. Is that inflation in your pocket or are you just happy to see it? Chair John, FedWatch is climbing. Yeah, FedWatch tool is climbing up, man. It's gotten all the way up to almost 50% now in terms of hike odds for this month. You don't have to be optimistic. You just need someone to say something bullish.
[01:56:59] Speaker 2: Also, it bothers me having to intentionally pronounce the R in Kevin Warsh's name. Yeah, you want to say washed, you know.
[01:57:09] Speaker 1: Yeah, I do. Like, I want to say that too, but, you know. All right, so, and we're still starting to push down here on the NASDAQ. Bitcoin, again, has slowed its drive, but gold just cracked lows at 41. Gold's about to hit 4,100s now. So, gold is starting to fall. Bitcoin actually just cracked lows as well if we look at Bitcoin. So, Bitcoin down to 82,500s right now. Under 82,500s for Bitcoin continues to fall. Dollar index is up to 102.80s here for the Dixie. So, the dollar index rises. The NASDAQ starts to dip. Gold is really dropping right now. But, yeah, this inflation report was not good. Definitely not good.
[01:57:58] Speaker 4: I'm holding on the spot.
[01:58:03] Speaker 5: CPI is here to confuse you. Gold might go below 4K. I'm holding spot, but I think it's going to short.
[01:58:08] Speaker 1: I missed CPI. Was it bad or good? It was bad. Yeah, so we're at 46.54 in terms of a hike versus a pause right now on the FedWatch tool. Well, something like the opening bell brings us here today.
[01:58:24] Speaker 5: But, it's not looking good, chat.
[01:58:29] Speaker 1: Probably something I did. I mean, it's definitely your fault. I mean, you said inflation data was going to show up flat today. It didn't. Actually, I think I voted in the poll lower than expected. I know. I said that. I'm just messing with you. No, so Netflix is cutting 1,000 jobs as shares fall 40%. So, Netflix is laying off 6% of its workforce. Its biggest cut since 2022. I mean, slowing growth and weaker customer engagement. Shares are down over 40% in the past year. I recently bought Netflix at 60s. It's at 70s now. And, it actually reacted somewhat positively to this news. But, again, Netflix is cutting about 1,000 jobs now. Look at Bitcoin still fall. So, Bitcoin is still dropping. 82,340s, 82,360s.
[01:59:15] Speaker 2: Maybe if they made better original content like they used to, they wouldn't have to lay people on.
[01:59:19] Speaker 1: Yeah, well, Stranger Things is open. Or, it's closed. Yeah, oil's still dropping a little bit, though. Closed. Yeah, Stranger Things is closed. The fifth season sucked, though, dude. Like, I used to watch it with my daughter. And, like, Stranger Things, dude. Best season was season three. Season three was good. The rest kind of sucked.
[01:59:39] Speaker 2: I just lost interest after the third season. The third was good, though.
[01:59:43] Speaker 1: Yeah, the third was good. I liked the third a lot.
[01:59:45] Speaker 3: Like, I miss when we made things like Marco Polo and things like that. But that was good original content.
[01:59:53] Speaker 1: I never saw that. Buy Bitcoin dip. It was good. Buy Greenland stocks. Who has the balls to buy the dip today? Not me right now. Not me right now.
[02:00:08] Speaker 2: It was the third, the mall with the Russians. I don't... It was the mall. I don't think the Russians were in that part, though. I might be wrong.
[02:00:18] Speaker 1: The Russians were in that part. Dude. Yeah, they were, bro. It was all about the Russians. It's been years since I watched it, though. Like... The Russians had an underground base in the mall where they were doing experiments and stuff, dude.
[02:00:29] Speaker 2: Oh, was it? Okay. Well, then I was wrong.
[02:00:32] Speaker 1: Yeah.
[02:00:32] Speaker 2: I did remember it being, obviously, in the mall because I remember, uh, username's older brother, like, stepping up and being the big hero after being a jerk for two seasons.
[02:00:40] Speaker 1: Yeah. V-shape recovery at the opening. Yeah, rest in peace to RJ Mitt, man. Sad, dude. Sad. Uh, the sun in Breaking Bad. Oh, really? Yeah. Alright, guys. Uh... I don't know what to do here. Based on your correct guesses, what do you think is going to happen at market open? I don't know, man. I think I'd see us go either way here. Um, you know, we do have PPI inflation tomorrow, which is a big thing. The Nasdaq's still kind of dipping down, though. We're at 30,570s here, so we're still pretty close to lows as we approach the opening bell. Again, if you want to join the Take Profit giveaway, just type BGT in the chat. But, uh, again, we're at 570, 580s right now in terms of the Nasdaq here. We're still pretty close to lows. Bitcoin and gold have been breaking down since this inflation report. Yields are up big amounts. Hike odds are up big amounts. Thank God I watched you before CPI. I was long. Yeah, I mean... Hey, bro. What do you think is going to happen at the opening bell? I really don't know. I genuinely don't know. Yield spiking and oil remaining more or less flat after the data print. Yeah, I mean, oil is not really going to move with the data. The data moves with the oil. There's a more accurate description of it. Nothing wrong with doing nothing. Yeah, that's kind of what I'm looking at, 3. I'd just rather wait and sit tight than, you know, aggressively short or aggressively long. I mean, it looks bearish for sure. And we've still seen pullbacks in gold and Bitcoin and everything like that as we approach the opening bell here. But we're also down a lot from the CPI print here. So, uh, we could get a continuation. We could get a gap fill. I don't trust a gap fill as much, even if we do start to fill it. I don't... I would rather a continuation short. I think the thing that makes the most sense is, like, shorting if we bounce up here. And then shorting and looking for, like, even if we go sideways like this, we'll still have some range to capitalize on. That's my idea right now. When will gas become normal again? I don't know, dude. When the conflict is over. Whatever that is. And I have no idea when that's going to be. All right, NASDAQ pushing down, testing lows again here, guys. So, the NASDAQ is still pushing down. Getting ready to maybe test lows again here. Oil bouncing up a little bit. Here's gold. Gold at 4,105. So, gold's testing lows of the day again. Bitcoin is also dropping down. Rejected at 82,500s here. Look at the dollar index rise. So, yields are still rising with all this going on. Yeah, so, yields are still pushing here. Two-year treasury yields are almost over 5%, or they're almost to 5% right now. They've got up to 4.927%, almost 4.95%. They tapped 4.95%. All right, so, NASDAQ just cracked lows again. I don't know if it's going to hold down here, but we did crack lows on the NASDAQ. And we do see yields rise, dollar index rising here, gold falling, Bitcoin falling, NASDAQ W's off the table. Get your popcorn ready. Why not long until 675? Because it looks too weak right now for that, with us testing lows over and over again. Lower highs, lower lows. It just looks too weak to go long here. And I think the inflation report was bad. I mean, obviously it was bad. That's kind of self-evident here, but... I think one of the things the market's feared over the last month plus is high yields. And this just brought yields even higher. Brings back some of the fears. Brings back hike odds and more. So, essentially, I think it's all bad. And, I mean, we might go up here, but it doesn't necessarily mean we will. And I'd rather just wait and see a little bit better edge set up first before just attacking like a continuation long or a gap fill to the outside. As well as like, we're close to the opening bell now.
[02:05:24] Speaker 2: Yeah, so I wonder if it corrects back up or not. That's the bell.
[02:05:30] Speaker 1: Down, down, down. We're going in. They notice. They notice. Being from Louisiana grants you certain rights. My brother researched past money. I don't know what you just said, V. But whatever you said, definitely true. I don't know what you just said. All right. We're starting to crack lows. Green on open. Bull or bear for the opening bell, guys? We did a poll today. So far, 63% are bearish. 37% are bullish. Yeah, yields have been pushing higher for sure.
[02:06:03] Speaker 2: Yeah, I can't make heads or tails out of that.
[02:06:06] Speaker 1: I mean, it looks bearish for sure. But sometimes when we drop big, we end up filling. Again, my idea stays the same.
[02:06:14] Speaker 2: I don't know what that person said in the chat.
[02:06:15] Speaker 1: Oh, I don't know what he said. Again, V, what are you saying here? Dude, at first I thought he might have been quoting. We're going down, down in an earlier moment. Me too. But then something about being from Louisiana grants you certain rights. My brother researched past money. It's happening. Still don't know what that means. Green open, but a red day. I'm not bullish. I'm bearish for sure right now. Yeah, I'm bearish for sure right now. All right, guys. We got two and a half minutes. Yeah, Ian, I don't think you were here, dude. Go Tigers, yes, sir. But we lost. I don't even want to talk about the Tigers, dude. I don't even want to hear it. I don't want to talk about it. I'm not happy about LSU. I told you they suck. They did suck, bro. They do suck. Honestly, though, that false start should have been called. Versus UK. Versus Kentucky. Like, there was obviously a false start there. You're going to let a missed call ruin the game, refs? How dare you?
[02:07:22] Speaker 2: All right. First off, that happens all the time, especially when LSU is involved. The refs are always against us. Second off, like, I just, ever since the transfer portal thing, like, I just don't care. Because it doesn't feel like you have, like, a real team when people can just come and go as they please.
[02:07:35] Speaker 1: You know? No, 100%. Yeah. So, Hassan is actually speaking right now. He said, top-line inflation number was disappointing. The strength of the economy is visible, but top-line inflation numbers were disappointing. So, again, gold and silver have dropped a lot. Netflix is cutting 1,000 jobs. Let's see what happens as we approach the opening bill. We got the market on open date in about a minute and 20. Yeah, beers will be crushed. Michael Burry happy today. Yeah, he's definitely happy.
[02:08:13] Speaker 2: I don't like his name.
[02:08:15] Speaker 1: You can call him Blurry.
[02:08:18] Speaker 2: I don't know why it bothers me, but just Burry just bothers me. I don't know why.
[02:08:23] Speaker 1: Yeah. That's all right. You know. Anthropic earnings coming out. Anthropic's not public. All right, guys. Here we go. 20 seconds. Let's see what the market on open date of brings. It's obviously a very bearish day. I need to get to the opening bell. Michael Burry. Yeah. I like it.
[02:08:56] Speaker 2: Yeah. I can get behind that, you know.
[02:08:57] Speaker 1: Yeah. Michael Burry. He's definitely Michael Burry. Blurry is also good. I don't mind the Michael Burry jokes. Those are good, too. All right, guys. Here's the MOO data. Let's see what happens here. There's the MOO. Let's see if we move it off from this. So far, we're dropping. Look at the MOO data. So we are dropping a little bit, but it doesn't mean anything yet. We're so close to lows. I think we'll see if volatility wakes up. Options should wake up at the opening bell as well. So we should see some options movement at the open here. But so far, we kind of have a doji candle. We're kind of sideways so far for the MOO data. Not really seeing any big movement here. We can look at memory plays, MU, SanDisk, and others. We're at 563 right now for the NASDAQ. Not really moving too much here. We'll have to wait for the opening bell. Yeah, I have to check Anthropic earnings. Yeah, I still don't understand what V's saying. Do you understand that?
[02:10:10] Speaker 2: I don't understand the second. I know that's why I showed it to you. Like, I got to wonder, like, dude, do you smell toast or something?
[02:10:17] Speaker 1: I don't know what he's saying here, dude. Spy will hit 800 this year, even with hikes. Yeah, I mean, it might. All right, guys. We got three and a half minutes left until the opening bell. Let's see what today brings. Michael Blueberry. Yeah, I mean, Hassan's not happy about the inflation print today. We do see that. He's still speaking. He said, this month's core inflation was a blip. Energy shock is really the headline story today. Top-line inflation number was disappointing. We are seeing almost healthy spending, he says. The economic strength is showing a bit in inflation data. The strength of the economy is visible. Yeah, I mean, Hassan's not going to be happy about this print, obviously. I mean, markets dumped. Yield spiked. He's not going to be very happy about it. Hassan's not going to be really happy about this, either.
[02:11:13] Speaker 2: No, I know Troy Baker. That was kind of a reference I was making. There was just something unintelligible, and I'm just wondering, like, what the guy was talking about.
[02:11:24] Speaker 1: Barker later. Yeah, that'll be interesting. How can 2%, 2.6% inflation cause a hike? Because it was higher than expected. Headline was 3.7%. And so, inflation's showing up hotter than expected. Even if it's by 0.1% or more, or less, you know, it's still not good. 3 out of 4 inflation prints showing up hotter than expected today is really what's moving yields. Again, this inflation report's important right now. In a market that fears high yields, something like this that makes yields spike is bad, and that's why we had such a big negative reaction from it. Our reasons are good to dump. All right, guys. We got 2 minutes left until the opening bell. Buy or sell right now the NASDAQ. What do you guys think? Is this a buy or sell NASDAQ moment? Also, you want to help support your boy here. Again, Take Profit Trader. We're doing a giveaway of a 50k account. You can type BGT, see if you win. All right, so we are starting to dip down to 5.60s here. You can also check out Apex, get $7.50 accounts. We did pass one or two of these yesterday. I'll have to go see if I passed the other one. But we did pass one or two of these yesterday. Again, you can get an account for $7.50 right now if you buy a 5-pack bundle of their base accounts. Here's the link. Check it out. Great way to help support your boy here on this channel. No flush, bro. You're crazy. Bro, these guys better not be showing up at my house today right now. I told them they better not. They can't come until 10 a.m. I feel like this is going to be like, hey, we're here. Okay, no, it's not them, which is good.
[02:13:12] Speaker 2: I do have that problem, though. Like, anytime I have somebody come work on something at my house, they just kind of, like, want to show up when they want to. It's like, oh, yeah, we're here. It's, you know, 7 in the morning. Like, dude, I'm not awake for two more hours. Go away.
[02:13:22] Speaker 1: Yeah, 100%. All right, we got 45 seconds left until this report drops. 45 seconds. Let's see what we get today. I will trade the opening bell. We're waiting for the opening bell to trade, so we're at $5.50 right now. I will take profit. There's no activation fee. On Apex there is, but with such cheap accounts, I mean, I think it makes sense. All right, 10 seconds, guys. 9, 8, 7, 6, 5, 4, 3, 2, 1. Here's the open. Good luck. All right, let's see what we get today for the opening bell. All right, let's see what we get today for the opening bell. All right, we spiked up a little bit here. Let's see if we hold down. All right, so now we just broke lows again on the NASDAQ here, but we might grab liquidity down there. It's too close to the bell to have any edge, really, right now, but the NASDAQ did just crack lows of the day again real quick right after the opening bell. You can see it breaking down here. SanDisk and Memory Plays are actually kind of rebounding back up a little bit, although it's mostly just SanDisk. Nvidia is down since the opening bell. Meta's down since the opening bell. Microsoft's dropping now. Amazon's dropping now. Google's dropping now, so I actually see bearishness. What's propping the market up right now? I'm just going to short this. I see a lot of tech dropping, but the market's going up. I can't trade, but I think we might pull back down here. It just depends. We're filling some of the gap down. Let's see. Apple. Maybe it's Apple. Apple's pushing up. That's what it is. The number two most heavily weighted stock in the market. Apple's pushing up to 345s. Bitcoin's rebounding. Gold's rebounding a little bit here as well. We're seeing yields start to settle some, maybe. Hassett says top line inflation number disappointing. Inside the top line, there's a lot of good news, he says. ASML CEO says clients are accelerating expansion plans, which gives the company greater visibility. Clients are also asking for more tools. However, it is too early to give exact production figures. It's too early right now. I mean, look, we're at the opening bell, and we've mostly been sideways since the opening bell here. Apple's pushing up, which is now starting to actually turn the other way. Gold's rebounding a little bit here, though, but here's the NASDAQ. We might crack lows again. We're pushing down towards it now. Yeah, there's the low of the day break. So we did just crack lows at the open. Still dropping now in the NQ. We're at 520s, 510s. Basically 500 here. Let's see if we grab liquidity and sweep or continue.
[02:16:15] Speaker 4: All right, so we are retracing back up now. There's 550s right here.
[02:16:48] Speaker 1: Also, give me a follow at x.com if you haven't already, guys. We do post a little bit on x.com if you want to help support the channel. Here's our x.com handle. We're going to post a morning market brief every morning starting next week, as well as our newsletter here. But give me a follow at x.com at beginner trades if you haven't already. We appreciate it. NASDAQ just cracked lows again. The range isn't quite big enough here to do anything, though. Higher volume area is way up there at 800s now as well, so the volume profile is not much help down here. So we start to fill the gap. We're starting to push up some. GameStop to the moon. Dow is green. GameStop's going up a little bit. MU's rebounding some, too. Apple's pushing higher as well. NVIDIA's still down, though. Microsoft's rebounding. Google's rebounding. Meta's bouncing a little bit here. The Dow is actually filling some of the gap from CPI and heading up here, so we are starting to get a reversal now. I was looking at 675s, but it's still way up here, so we'll give it some time. Maybe 650s we'll consider a short if we get up to 650s. Frankly, I just do it all my stuff because they're either too slow, too expensive, or incompetent. Besides, I can do my own plumbing, mechanical, electrical, wallboarding. What has dumped the hardest I'm putting 5K in today? Gold, Bitcoin probably, but I'm not telling you to buy, for sure. I have no idea what you should do there. Berkshire Hathaway is investing 330 million in Bending Spoons. Is that a Matrix name? That's where the name comes from. It's a company. All right, so we're pushing back down here. It's hard to predict a direction, though. We're really kind of sideways since the opening bell now. So the range is small. We can watch for this range to potentially break here, though. Here's the range since the open. Let's see which direction we pick here today. Again, we're very neutral. Some tech stocks are rising. Some are falling now. We're still dipping down some here. Let's see if we hold.
[02:20:07] Speaker 5: All right, Nasdaq's still flushing down. We're at 523s.
[02:20:12] Speaker 1: Maybe we're going to test lows. Still in this opening range here. We are green on the day, but we haven't had much to really attack. It looks bearish here, obviously, but... Here's a test of the lows again. We might break lows if we continue here. Nope, just bounced at the bottom of the range. Okay. There's 550s. There's 550s. I wonder if that's going to reject. Yeah, there's 550s. Rejecting. A little too early, though. I mean, there's... Too sideways now. Give it some time, though. I mean, maybe we start to break out on either side of this range. All right, so the Dow is actually popping back up. It's over 52k again. So the Dow is actually ripping up the sporty. Ooh. All right. Here's a retest of the lows. 550 did reject it.
[02:21:57] Speaker 5: And... We're right at this low area here.
[02:22:00] Speaker 1: I don't really like low of the day breaks here, but look at the low. We just cracked that low. We might grab liquidity underneath it here, though, and sweep back up. So I'm going to wait. And there we go. We swept right back up. Short's getting squeezed out now. Pretty sideways range, all things considered, since the opening bell now. This has to do with tech, right? So NVIDIA is down since the bell. Apple is up since the bell. Breaking highs. Amazon's flat. Google's green on the day, but again, a lot of stuff is kind of flat here.
[02:22:51] Speaker 2: How's META been doing since those lawsuits?
[02:22:57] Speaker 1: They've been doing really well. They debuted META Muse, AI agent platform, for everyday tasks. And they've had huge moves up.
[02:23:07] Speaker 3: Okay.
[02:23:07] Speaker ?: Cool.
[02:23:08] Speaker 1: All right. We're at 575s. We grabbed liquidity and swept on the upside after tapping that low. I still don't hate a short at, like, 675 here. I might like it even more now, because it's right around the 200 exponential. If we can get up to here. Daddy, help. Daddy, chill. Okay. Chill. Do you understand that reference, Brett?
[02:23:42] Speaker 2: No.
[02:23:45] Speaker 1: I'll send you a video of it right now. All right.
[02:23:55] Speaker 4: All right.
[02:24:05] Speaker 5: So, again, Google's still pushing up here.
[02:24:13] Speaker 1: All right. We're testing the top of the opening range now. What are we? 10 minutes into the day? All right. I know it's kind of slow right now, but the market's still very sideways here. All right. So, we broke the top of the range here. I'm still looking at a 675 short. We're at 610, so it's still 65 points higher than where we're at now. But I wouldn't mind 675s, maybe 650s here. We could start to load into something. We have a cushion on the day to take advantage of here, and we're starting to push up. But, again, I like 675 more than 650s. So, let's see if we get up there now.
[02:25:09] Speaker 2: Well, that was extra weird. Yeah, it's funny.
[02:25:12] Speaker 1: All right, so, again, we're moving up. We broke that opening range here. 10-minute opening range now. I need 675s, though. Maybe you could buy the retest of it, but if that range gets accepted again, we could just continue back down. So, I'm going to instead look at 650s, maybe 675. Depends on how quickly we get up there, to be honest.
[02:25:47] Speaker 2: Yeah, that dude looked like he should have been hanging out with Prince in Shalimar back in the 80s. Game? Blouses, Britt. When he took us inside, he made us pancakes.
[02:26:10] Speaker ?: Yeah.
[02:26:13] Speaker 3: Prince was a gangster.
[02:26:14] Speaker 1: I don't care what anybody says, dude.
[02:26:16] Speaker 2: Oh, I know. And Charlie Murphy was just hilarious.
[02:26:18] Speaker 1: Charlie Murphy, rest in peace, man. He was funny as hell, dude. Absolutely. All right, so, look, we're getting back into that opening range. Let's see if we hold. There's 600s. Again, I don't really like anything here. I'll take a short at 650s, 675s, but I have to wait for it, which I know is not the most exciting thing. But sometimes it's better to just wait. Yeah, I'm just chilling, waiting here. Apple's actually dipping down some now, though. All right, so, I don't know. We held 600s here.
[02:27:28] Speaker 5: I want 650s. There's 625s. I'm almost out of coffee, Britt.
[02:27:37] Speaker 1: What the hell, dude? I think you should get more coffee. You came over here and drank my coffee and then ran away too fast, dude. I know you did. It was me. Totally. Yeah. Britt's only about five hours away from me, you know, in Baton Rouge right now, so.
[02:27:55] Speaker 2: That's what John thinks.
[02:27:56] Speaker 1: Yeah. The birds are going.
[02:27:59] Speaker 2: I'm actually right behind you.
[02:28:02] Speaker 1: NASDAQ's starting to get back into that opening range. We're under 30,600s here. Dead cat. Come on, NDC, 640s are lurking too.
[02:28:28] Speaker 2: I don't know why. I just got a mental picture of me doing like a Steve Irwin thing to you. Now, John doesn't know I'm right behind him. Yeah.
[02:28:36] Speaker 1: Don't grab me, bro. Don't grab me, dude. All right, so, look. The range is getting re-accepted. My mug today is Dunder Mifflin. Can y'all see that? Yeah, y'all can. Dunder Mifflin. Come again? Come again? Yeah. All right. The range got re-accepted here, so, again, my hands are off right now. I wanted 650s. We got up to 625s. Yeah, go Tigers. Yes, sir. CME tool is now 50-50. Is it really 50-50 already, bro? That's not good. It's actually hot. Wait a minute. Yes. Holy shit. I'm showing the CME watch tool is 54% likelihood of a hike in October now. 54%. 53.7% to be exact here. So, this is a 25 basis point hike. Next meeting in October, on October 28th, I'm going to go with a pause, but I was wrong last time, I think, with this. So, I'm going to go with a pause, but I was wrong last time, I think, with this.
[02:29:57] Speaker 2: Parents in fill the blame, Canada. Watch out, buddy, guy. 626, John.
[02:30:07] Speaker 5: Yeah, that's right. Yeah, I'm in.
[02:30:13] Speaker 1: They're still popping up here, though. Again, I'm looking at 650s for a short here, though, to be honest.
[02:30:26] Speaker 5: Starting to slowly rise. 620s.
[02:30:42] Speaker 1: I need 650s for a short, though. I feel like I need to wait for a 650 short. The range is too tight right now. Are you guys trading? What's y'all's plan right now? Again, I'm kind of just waiting here. It's been a wait-and-see day. I could have traded the CPI, but I just felt kind of greedy doing so. Again, if you're just now tuning in, we are doing a take-profit giveaway. You just got to type BGT in the chat. Trading this right now. Only one time. Yeah, just once. Just once. I'm done just enjoying the stream. Thank you, Nitro. We appreciate you, bro. Thank you, sir. You can also join our Discord. Every morning, we post this beautiful, majestic... All-inspiring. All-inspiring breakdown of everything going on in markets right now, dude.
[02:31:37] Speaker 3: Yeah.
[02:31:38] Speaker 1: Yeah, we break down everything. Yeah, we break down everything here, dude. We break down... We break down it all. All right, so here's the push-up. Maybe we'll get 650s. But we break down morning market brief, dollar, Bitcoin, CPI, inflation, geopolitics, stock news, and more in a full brief every morning here, guys. So check us out. I'll put the Discord link up. A great way to help support the channel. Join the Discord here. Here's the Discord link, friends. There's the Discord link. Join it. Do it now. All right, so here's Google start to bounce here. There's 650s here. Do I want to start 650s? I think I'm going to wait for 675. There's 660s here. All right, look, I'm going to get in a little early here. All right, so we're up about $100 now. I'm going to take half of that off just to protect it and add back at 675 to kind of limit my risk here. I do want to see a drop, though. We did 660s, which is kind of a middle ground between 75 and 50, which was the two ideas that we had here. But again, I will add back size up to 675. Let me put this up so you guys can actually see my trading going on here. Here's my P&L. There we go. All right, I feel obligated to take some more off up here now. We'll take two-thirds of the position off. We're up a few hundred on this trade. Again, here's my P&L on the left side of the screen now. So we just have a little piece left. I might add back to it, though. There we go. There's another drop here. Oh, no. Here, I'm going to get out. I don't like that candle at all. So we got out flat on the rest. We're still up hundreds on the day already. But I don't like that last candle here, so we cut it quickly. I'm having a little bit of a delay.
[02:33:41] Speaker 2: What was the candle?
[02:33:47] Speaker 1: I don't know. We whipped up really quick here. I might still short 675, though, if we get up there now. We're starting to really find some strength in the markets, though. MU, Sandisk are both pretty green since the bell. Let's see if we get up to 675 again. I'll take another short.
[02:34:07] Speaker 2: Well, I salute your shorts, John.
[02:34:09] Speaker 1: Hey, great show. Dude, great show. You know.
[02:34:15] Speaker 5: All right, so we got up to 660 again. See, Google and Apple are running up, though.
[02:34:25] Speaker 1: But I might regret not holding on to a little bit larger size in these shorts. After CPI, first time Fed is ahead of the market in a couple years. Good sign. Yeah, I don't think it's a bad sign, for sure. I mean, I'm going to wait for 675 if I'm going to short again. Like, I think a 675, 200 exponential short right here. I don't know if I like the recent price action for it. But, you know, a lot of the time we can come up here and then boom. But I don't know if we're going to get it or not. And really, it depends on the price action leading up to it. Like, if it happens too quick, I don't like it. We got our one short there. We're up hundreds on the day now. I would rather wait, you know, and see what happens. 700 could also be an idea. 650 is holding as a resistance level, though. So if we break over 650, we might move quickly here. So we'll see. But I do see memory names start to pull back. I see Sandus pulling back. I see MU pulling back. And I see... Google's still rising. Apple's okay, but it's pulling back. It's pulling back as well now. So there's more drops under 600s now.
[02:35:51] Speaker 2: Yeah, I'll be back in just a minute.
[02:35:52] Speaker 5: All right. All right. Let's see if we're at 604s now. Yep. There's the drops. Got a 580s now. 575s. Yeah, this is why you don't... Yeah, this is why you don't... I mean...
[02:36:42] Speaker 1: There's the range getting re-accepted again. Look at that drop now. 550s could prop us up, though, but... The short idea worked. And there's some more drops here. 550 could prop us up, though. Let's see. There's Bitcoin and gold. The dollar index still rising now. Biggest drop is pre-rocket. Not going to happen again. Yeah, I mean, I don't know. I'm looking at short-term day trades, right? So getting mad at me for going long or short on a short-term day trade. I mean, we've made money on all the trades we've gotten into today, by the way. But, look, it's short-term day trades. Like, we might go up long-term, you know, but I think hike odds going up is kind of scary. We're still trying to hold up here. Let's see. 650 did cause a little bounce now. I'm trading on Trade of 8 through Apex, Lucid, Take Profit. Again, you can join the giveaway. We're giving away a 50K Take Profit account, right? And Take Profit, again, uncapped payouts once you're over the daily buffer. You can take daily payouts once you're over the buffer, which is incredibly useful. Some of the most loose payout restrictions. And we're giving away a 50K Take Profit account if you type code BGT in the chat. Again, if you want to check out Take Profit, genuinely useful. In order to win the giveaway, you do have to sign up to Take Profit, though. So here's the Take Profit link if anybody hasn't signed up yet. Great way to help support the channel. And again, you can use code BGT at checkout and get the max discount. Whichever code you type in to do the giveaway, BGT. There's the Take Profit link if you want to help support the channel. We're getting close to these lows again. 650 could prop us up here, though, like I said earlier. And so far, it has. Not quite exactly. Or 550, I mean. This is trade-of-a charts.
[02:39:31] Speaker ?: This is trade-of-a charts.
[02:39:45] Speaker 5: Google giving it back on the day.
[02:39:47] Speaker 1: Apple pulling back some now, too. But again, we have this level right here that we drew. I want to see if this level holds us up. If we start to accept the bottom range here, we might push down towards lows again. What's up, dude? John, what is that chart called? This is called the NASDAQ. I'm going to trade-of-a. It's called the NQ. We're going to get 30,450s. We might. I mean, obviously, the closer we get to these lows, the weaker it's looking. I thought a little bounce and then a continuation short made sense here after. I mean, inflation data was really bad. So, you know, kind of bounce, continuation, short makes sense. I don't like the low of the day test. Again, I like just attacking this range. We got a smaller range up here. But, uh, at this point, I don't want us to grab liquidity at these lows either. Gold lost 4,100. Yeah, gold continues to break, so there's Bitcoin. Dow's pulling back some as well. Gold's still at 4,100s, though. Gold bounced almost exactly at 4,100s. Gold futures, at least. Uh, Bitcoin is, again, still down. Testing 82,500s here. All right, we're about to approach 10 o'clock. I don't think we have any other stuff at 10 that makes, that's, like, relevant right now.
[02:41:51] Speaker 3: Nothing that's going to move the market.
[02:41:54] Speaker 1: Not really, I don't think. Maybe something, but nothing.
[02:41:56] Speaker 3: I think it's too, nothing too crazy.
[02:41:58] Speaker 1: Yeah. All right, there's a low of the day break. Hold on, we just cracked lows on the NASDAQ here. There we go. There's 480s. This one doesn't look like a liquidity grab either, but who knows? All right, so we're still breaking lows on the NASDAQ here. Still falling here. 10 a.m. is almost here, too. Sometimes we do get some volatility at 10 a.m. We're at 475s. Yeah, I mean, when trading guys, like, it's important to understand here, like, anybody that acts like they know for sure which way we're going is usually, like, new. The reality of it is nothing's absolute, like, there's so much variance in trading. Nobody freaking knows which way we're going, and anybody that tries to act like they know probably, like, that they know for sure probably doesn't have much experience. And so, I mean, of course, if they're right, they're going to act like they're geniuses, and if they're wrong, they're just not going to admit it and, you know, create fake accounts and come back saying something else, right? So, this is why you don't put too much weight in anything. And anybody that's too forceful with their direction we're going is usually new, usually. Sometimes they're just, you know, sometimes they're just trolls.
[02:44:06] Speaker 2: I would tend to think that unless you're one of those people who the market moves when you invest, you have no idea what you're, I mean, like, what's going to happen.
[02:44:15] Speaker 1: Yeah, no, 100%. I've seen it so much here. Somebody's like, hey, yo, this is going to happen. If they're right, they'll be like, oh, see, if they're wrong, they just create another account. They just create another account. Yeah. All right, we're still testing this low here now, though. Go back to lurking. Lurkers, are you here today? We still got, what, how many people here? 1,300? Likes are at 745. Hey, I appreciate you guys. Thank you. Are you here today? I know a lot of people lurk, never say a word, never say anything. A lot of you guys are watching me on TV, apparently. So, am I a TV star now? I'm just going to dub myself that. John, you know, John, the star of television.
[02:45:25] Speaker 2: But again, one day it would be like Charlie Sheen, $2 million an episode.
[02:45:29] Speaker 1: Walk to your computer right now, or your TV, I guess, and say something in the chat. Do it now. Everybody let John know what a star he is. Yeah. You're on my RV every day? Definitely on your RV. All right, guys. Nasdaq's bouncing a little bit at 460s. All right. You are a star. I believe that, yeah. Some days it's the TV.
[02:46:09] Speaker 3: You're like Miley Shannon in that SNL character, you know? Yeah, I know. Brother Snare was like, hey, bro, listen.
[02:46:16] Speaker 1: We deal with drums. Google me. I Googled him, nothing came up. Nothing came up yesterday. Which I'm glad you can't. My name is John London. So, if I Google myself, Jack London pops up. And they're like, do you mean this award-winning author? Call of the Wild, you know? Right. Yeah. It's like, no, not him. The star of the beginner trading channel, you know, of course. I've never read that book, but I've heard it's good. I haven't either, to be honest. First day of the market crash for the S&P. I know, dude, I know. My son is actually Jack London. That's his name. I know. It's a cool name. I mean, this bounce is small here. We might reject off at the top of this range, but the only thing I'm looking at is maybe a 550 short if we get up there. Maybe. But it depends on how quickly we move back up. We're not really... I mean, it looks bearish. We crack lows. But no direction is really holding for very long in this market right now. Like, we're just not really holding a specific direction for very long. Closed out. My day is done in profit. Thanks, bud. Hey, you're welcome, dude. Don't copy me. Not an investment professional, sir.
[02:47:35] Speaker 2: Still knew you could do it, though. Yeah. Whatever it might be.
[02:47:44] Speaker 1: Dumptober got us trying long here again. Yeah, I might look at 550s for a short. But it's also kind of the middle range, and so I don't like it as much. If we do take it, it's going to be small, and then we're going to add to it. We're getting kind of close to that now. Let me see if we got anything going on, though. Hold on. I might talk myself out of this trade. CNBC says Fed may have to hike now twice or increase by 50 basis points in December. Yeah, we didn't quite get 550s. We got up to 540s, and now we're continuing down here as well, starting to push. Yeah, look at that drop. So we're still fading. Look at that red candle here. So we got a little red candle now. We're starting to test lows. Dow is technically red on the day. Bitcoin cracked lows again. I don't know. With this rejection already, I don't know if I like 550s as much, because in order to get back up there, some strength is going to have to be... We're going to have to see some strength here. We'll see if the bottom of this range at 505 pushes us back down, though.
[02:49:10] Speaker ?: We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here. We'll see if we're going to have to see some strength here.
[02:49:21] Speaker 1: I see still nasty. Got me on the TV, bro. Hey, I'm a TV star, dude. I knew I would be. Growing up, I knew I'd do this. You know, I knew it would happen. Just got to believe one day you could be on TV, too, guys. All right, NASDAQ down to 487s. Google just cracked lows of the day. He's about to test red on the day now. I liked my idea of a 550 short, but we didn't quite get up there. We got the 540s. Dow's red. What are DRAM plays doing? Here's MU. Here's SanDisk.
[02:50:07] Speaker 3: Is that you, Plague?
[02:50:17] Speaker 1: I got full digital vibe or something to make you look like a redhead? I kind of am a redhead. Kind of. My beard's red. You're on the red, they call him. I'm waiting for a trade right now. Let me see if I can filter this a little bit. You know. No, that's too bright. No.
[02:50:44] Speaker 2: It's not red, either. Make sure with that red hair, you remind me of Pirate Steve.
[02:50:54] Speaker 1: No, that didn't work, either. No, that makes me blendy. I don't know what this just did, but now I kind of look AI. John the reddish. Long John Silver. All right. NASDAQ testing 500s again. I mean, it looks weak, but... Maybe I'll short 550 if we get up there. Yeah, I mean, now your YouTube handles that I see are what your app's handles are. 45 is lower. Dread Pirate John.
[02:51:47] Speaker 3: The Dread Pirate Steve.
[02:51:51] Speaker 1: I'm telling you, Maddie could give you a run for the money in terms of impressions, Britt. Really? Yeah, she's pretty good. She's pretty good. We'll have to have a competition next time I come hang out. Yeah. All right, so again, we're starting to break down here. I'm seeing Google test the previous closing price. Sandisk starting to rebound a little bit here, but we're still very quiet and sideways right now.
[02:52:12] Speaker 2: No, I can't get that out of my head. Make a bargain with you. You're spitting me buried treasure with you.
[02:52:22] Speaker 1: You do impressions.
[02:52:23] Speaker 2: Who do you...
[02:52:24] Speaker 1: Do Sly.
[02:52:25] Speaker 3: Do Sylvester Stallone. That one's good. Hey, oh, I don't know if I... It's kind of not really easy to do, you know?
[02:52:32] Speaker 2: It's kind of more of like a Rocky than it really is like a Sly, because it's really easy to sound dumb, you know?
[02:52:39] Speaker 1: Yeah. Yeah. Shout out to Sly. John, you should dress for Halloween on stream. One time I did Jerome Powell. One time I had Jerome Powell. I think it was last year. I had Jerome Powell, and then I had a... I was his ventriloquist dummy. I put my head on the... Replacing the ventriloquist dummy's head, and I was sitting there. I was Jerome Powell's ventriloquist dummy. Maybe I'll do Wash this year for that.
[02:53:08] Speaker 2: Yeah, it's not the best Rocky impression, but it's not bad for spur of the moment, you know? It's not like I sit around practicing it.
[02:53:14] Speaker 1: All right, guys. Look, we're waiting for a trade right now. It looks weak, but there's not much else going on here, so we're kind of sitting tight waiting. Again, shout out to you guys, all the giveaway participants here. You can join the giveaway by typing BGT in the chat. Yeah, did y'all see what I was last year? Hold on, I'll find it. I can actually go to it. Because it was on Halloween I did this. All right, Nasdaq started to get up there. We'll short 550 if we can get it, though. Maybe it wasn't last year. I don't know. I was hurt last year, too. Honestly, we're in a freaking simulation. Because I hurt. Last year, I tore my left MCO. All right, Nasdaq's about to test lows. Hold on. I'll talk about this in a second. All right. Nasdaq started to push back down. Under 30,500s. Last year, I tore my left MCO in jiu-jitsu. And I even texted my friend, and I was like, hey, don't let me train this week next year. Next year, this is a cursed week. I'm not going to train at all this week. Right? And then I did train. And then I did train this week. And I tore my ACL and my MCO on my other knee. Same week. Same exact freaking week, dude. They failed you, Jon. It's weird, bro. It's weird. Like, how freaking weird is that? It was down. It was almost exactly a year later. Like, one or two days off of being exactly a year later, too. Very strange. Very strange. All right. Let's see if we actually hold now. We're still consolidating in this really tight range, though.
[02:55:10] Speaker 2: We need more impressions.
[02:55:15] Speaker 1: Yeah, I mean, I think a short is kind of greedy here. But I also think there's so much bad news on the day, a short might make sense. It's just not enough for me to actually take it, though. All right. So, here's a low of the day test. We're testing lows on the NASDAQ. I'm still looking at maybe 550s. Okay. So, here is last year's October. What year is October? What day is Halloween? Is it the... The 31st. Okay. Yeah.
[02:55:45] Speaker 2: Somebody just invited me to do something for Halloween, and I already forgot what it was. I do it terrible, Arnold, honestly. So, I mean, the best I can do is, like, get down. Get to the chapa. You know?
[02:56:02] Speaker 1: Yeah. No, look. Here's me last Halloween, guys. All right. NASDAQ about to break lows right now. Look at the NASDAQ here. All right. We just cracked lows slightly. Slightly. We're at 467s. Look. Here's me last Halloween. Let's see if the NASDAQ keeps breaking. It got down to 473s right now. 473s.
[02:56:40] Speaker 2: You were the ventriloquist, dummy?
[02:56:42] Speaker 1: Yeah, yeah. I was the dummy. I was your pal's ventriloquist, dummy. All right. NASDAQ's still breaking down here. So, we're actually still cracking lows in the NASDAQ. Look at the flush. Down to 460s now. All right.
[02:57:11] Speaker ?: All right.
[02:57:11] Speaker 1: We're at 350s on Google. Google's driving this. NVIDIA's pushing down, too. Yeah. I don't trust the short enough. I wanted 550s. We got to 540s. So, I barely missed it. We haven't had a losing trade today, though, which is nice. We'll see if we can find some more trades, though. All right. I don't know if this is a liquidity grab or not. We do have PPI inflation data tomorrow, right? So, we have wholesale inflation tomorrow. That's a relevant story for markets as well here.
[02:57:52] Speaker 3: Did you say I look like Ronald McDonald, Brit? No, I didn't say that. I mean, you do, but...
[02:58:02] Speaker 2: Somebody said it. I've been sitting here, like, thinking about... Like, you got impressions stuck in my head. So, I've been sitting here, like, practicing my impressions. Somebody freaking said it, dude. Somebody said it. They did. I don't remember who it was, but... But, honestly, I was just thinking about it. And since you got me thinking about Rocky to begin with, anybody have watched Rocky if it wasn't for Mickey? Like, he made the movie.
[02:58:28] Speaker 1: Yeah. Brit said you look like that. Yeah, perfect. All right. All right. So, we're starting to get... We did grab liquidity down here at this low, which is, again, why I don't really like shorting here. I think I have to wait.
[02:58:48] Speaker 2: Also, forget Ronald McDonald. Burger King was way better back in the day.
[02:58:53] Speaker 5: Yeah.
[02:58:55] Speaker 2: Back in the day. Not now. Honestly, Burger King, I don't enjoy it very much now, but it used to be awesome. Back when they had those, like, the chicken tenders that were actually full chunks of white meat that had black pepper in them.
[02:59:05] Speaker 1: Yeah. Sorry. I don't know. I've never been a big BK guy. All right. So, we're getting to move back up here. I still might short 550s. There's 500s. 500 could reject us here, but the range is so small, there's not really any idea. Like, we have a sideways range since pre-10 AM. So, let's see if we get up to 550. We'll continue our short idea.
[02:59:30] Speaker 2: So, what determines for you whether or not you're short at 550?
[02:59:34] Speaker 1: How quickly we get up there. Okay. If we slowly consolidate up there, I don't hate a 550 short, but if we rip up there really quickly, you know, I'm going to check news and see what happens, and then, you know, it just depends. I don't want to trade against the momentum. Core Weave and Nebius are down. Steepest decliners on the NASDAQ 100 here. Treasury lifts sanctions on Venezuela, National Assembly leader. As ASML CEO said, chance of a major competitor emerging in China is low. All right. So, we are starting to get a little pop here, though. It's 525s. All right, guys. If you want to join the giveaway, we're going to give you guys six minutes to join the giveaway of Take Profit. We're going to do a Take Profit Trader giveaway here. So, if you have not already, you got six minutes to join. Let me remove some of this, actually. Hold on. Just type BGT in the chat. Yes, 25s rejected us, and the range is too small. But if you've already done it,
[03:00:56] Speaker 2: you don't need to type it again.
[03:00:57] Speaker 1: Yeah, if you've already entered it, you don't have to type it again. We're giving away a 50K Take Profit account. 50K. And better news, dude. I don't know as much taxes as I thought I would for last year, which is a win. Oh, yeah. It's always good. It's good, for sure, yeah. I mean, I've already paid taxes, but I don't owe more taxes. We should do it. Yeah. All right, guys. So, we got pushed down pretty quickly here. Grok did me dirty. It's in Discord. All right, let me see.
[03:02:00] Speaker 5: Yeah, look. Pawn just posted this here, dude. Okay.
[03:02:05] Speaker 1: I'll take offense to that, Grok. Grok did it. Yeah. Never using Grok again here, dude. Never using it again.
[03:02:19] Speaker 5: You know.
[03:02:22] Speaker 1: Definitely no Grok from moving forward here. It's all perplexity and clawed now. All right, so we're holding... It's still in the sideways range. Add the beard. That's what I look like with no beard. If I shave my beard, I look just like this.
[03:02:54] Speaker 4: Yeah.
[03:02:54] Speaker 1: All right, we're up to 30,500s. Google just went red. NVIDIA is also starting to creep down towards lows at around 224.15 or so. 224.25. So.
[03:03:25] Speaker 5: All right, guys. How much longer do we got?
[03:03:28] Speaker 2: I don't know. We're at 760. We got three minutes. And I know you guys have met your quota, but see if we can get to 800 just for fun.
[03:03:38] Speaker 1: MU at 945s. Google's still breaking down. I can't trade this, though. I mean, obviously, maybe we're just resting and going to continue down. But I can't really trade this right now, dude. Are you guys trading this? Let me know, man. Are y'all trading this? Hopefully, y'all are doing better than me here with this. I mean, I'm green on the day. Don't get me wrong. Like, we're up. But, uh...
[03:04:04] Speaker 5: This is boring. We'll stick around and trade, but I got to just wait for it.
[03:04:13] Speaker 1: Try and max out everywhere. I am not staying safe. Do you think we can go lower more? I mean, we could go lower more. I don't know if we're going to, but we're definitely at a bearish trend right now. Although, you know, kind of slow since the opening. But we're still kind of trickling down from CPI. CPI came out here. Whoa, wait, wait, wait. CPI came out here. And we're still kind of slowly trickling down now. What kind of song is this, dude? I got to create a better playlist here. Do y'all hear this song? We haven't seen panic selling yet. BGT is if you want to join the take profit trader giveaway that we're doing today. Which you should, you know? Yeah, join the giveaway. Again, take profit, uncapped payouts once you're over the daily buffer. You can take daily payouts on there. You got one minute to join. You just got to type BGT in chat if you haven't yet. What's up, David? Louisiana Bounce music? Yeah. That's about right. I heard the same artist reference Master P. And so it might be actually like... When I heard some of their music, I was like... This has got to be from Louisiana. You know? All right, guys. Yeah, you got 20 seconds. I'll give you guys 20 more seconds. I forgot to remind you. But if you want to join the giveaway, you got 20 seconds to do it. We're going to pick a random winner. Still in a really quiet range now, though. Oh, crap. I dropped it. Huh? What was that? What was that? I dropped something.
[03:07:09] Speaker 3: Never mind breathing.
[03:07:10] Speaker 1: Oh. All right. Let's do the giveaway here. All right. In order to claim the giveaway... Yeah, tomorrow we have retail sales, PPI, inflation, and more. And then Warsh speaks at freaking 1130. I still haven't figured out if I'm going to cover it, though. All right. NASDAQ's starting to push down towards lows here real quick. We'll do the giveaway. But let me... You got a couple more seconds while I see what the NASDAQ does here. NASDAQ is starting to dip. Maybe you start to dip. Let's see if we crack lows here, and then we'll do the giveaway. You got to join our Discord to participate in the giveaway. Here's our Discord invite if you want to join it. We post the morning market brief every single morning here. Kind of detailing everything going on in the market. So you want to hang out with us. Join our Discord. Here's the link. And if you do win the giveaway... So we just crack lows real quick. But... All right. Let's go ahead and do this giveaway now. All right.
[03:08:18] Speaker 2: If I don't win, I'm going to be mad. Even though I didn't win here.
[03:08:21] Speaker 1: Dude, you'll never win, Britt. You're banned from winning, dude. Fine. All right. The winner of the giveaway is... Bill is here. Is Bill here, dude? Let's see if Bill's here. Bill is here when wins the giveaway. Bill is not here. What an ironic turn of events here. Bill is here when won the giveaway, but he is not here anymore.
[03:08:44] Speaker 2: What an unfortunate name choice.
[03:08:47] Speaker 1: No, no. Dude, you know I had an Uber driver whose name was Late. L-A-T-E. It might be like Latte. You know? I had a new Uber driver whose name was Late. I like to think it's Late. It kind of reminds me of Bill right now. He was actually on time, too. All right. We'll give him one minute to claim his prize. If he's not here, we'll give it to someone else. Yeah, but we'll give him another 40 seconds. Still at this range, though. We just haven't moved out of this range, unfortunately. We're going to run it again if he doesn't show up in the next 30 seconds. What? No good, very bad price action after this. I mean, we got into two trades today. They're both green, but this is slow. All right, guys. Let's go ahead and give it to somebody else.
[03:10:12] Speaker 4: All right.
[03:10:17] Speaker 1: All right. The next winner of the giveaway. Sorry, Bill. Bill's not here. His name is Bill is here, but he's not here. So we'll do another one. The winner is... We got Sherberted here real quick. The winner is Desmond. Desmond, are you here? We started this giveaway much earlier, so... I don't think Desmond's here either, to be honest. I don't think Desmond's here. We'll give him a minute. Oh, he is here all of a sudden. Okay, he's here. Never mind. Desmond's here. All right. Way to go, Desmond. Congratulations. Desmond. Hey, congratulations, my friend. Yeah, you win, dude. Congratulations. You're here, man. Shout out to you, bro. You won. 50K Take Profit Account. So with Take Profit, you gotta join our Discord, and then send me your email address. You have to have a Take Profit Account, though. So sign up to a Take Profit Account. It's a 50K Take Profit Account. And they'll email it to you. It should be today. By today or tomorrow, they'll get you it. Probably today, though. So yeah, join our Discord if you haven't already. Friend, here's the link. And you win, dude. I don't know. We got hundreds and hundreds of giveaway members today. So if you didn't win, I mean, it's one out of hundreds. So, yeah.
[03:11:33] Speaker 2: But you could win next time.
[03:11:35] Speaker 1: Yeah, next time you might win. It was just a bigger stream today, so we had a lot of people in, too. But yeah, here's the Discord link. Join. Take part. Participate. Yes, participize, you know? Yeah, I mean, we're still in this terrible range right now. Like, this range absolutely freaking sucks, dude. This range is boring. Nothing's going on. We're waiting for some market movement here, but it's so freaking boring right now. It's so slow. If you didn't win, again, Take Profit, guys, has some great deals, man. They have uncapped payouts once you're over the daily buffer. You can take daily payouts when Take Profit. Some of the most loose payout restrictions ever. And again, they give you a demo. They test your skill. You pass it. You get 50K in funding. Uncapped payouts once you're over the daily buffer. You can literally take payouts every day. And a lot of traders use them in that way where, you know, they get funded. They get over the daily buffer. They get over the buffer. And then, you know, whatever they make, they just withdraw. Whatever they make, they withdraw. Whatever they make, they withdraw every single day. So check it out. I'll put the link up if you want to take advantage of Take Profit here. We're going to be doing some Take Profit giveaways moving forward. You have to have an account with them. So if you haven't already signed up for them, again, you can use my code BGT at checkout and help support the channel. And you'll get the max discount, whatever it is, with code BGT. Yeah, just comment Desmond in the main trading chat, brother. I'll send you a message, dude. NASDAQ starting to push back down. Let's see if we can break out of this range. But it's not looking good. I don't know. What's SoFi doing today? I'm in SoFi. SoFi's not looking good, bro. How bad is it? But most things are down from inflation. But so far, it's not looking good. Meta enables WhatsApp call advice for users without WhatsApp accounts. Morgan Stanley CFO says they expect net interest income to expand over the next year on the back of loan growth. It's basically what JP Morgan said. Where's Morgan Stanley at? I trade futures so much, I put slashes in front of everything. Now I'm typing in freaking Morgan Stanley and I put slash MS. Yeah, high interest rate environment is just not good for Morgan Stanley. Or for, no, it's good for Morgan Stanley. It's not good for SoFi. Less people want to take out loans. Maybe it is good for them. I don't know. Yeah, so again, Desmond, you have to have an account already with Take Profit. So just let me know if you do. And if you don't, sign up for one. Hey, thank you, Dynamite Media. Appreciate the follow, friend.
[03:14:42] Speaker ?: I appreciate the follow, friend.
[03:14:42] Speaker 1: I appreciate the follow, friend.
[03:15:11] Speaker 5: All right, we're at 474s now.
[03:15:19] Speaker 1: Again, this range is just not good at all, guys. I'm trying to stick around longer since it's CPI day, but this range is just freaking terrible. Not giving you much to work with, huh? It really is, isn't it, man? There's just not a lot going on. I mean, there's other assets that might be a little bit better today. Gold, very choppy as well. Google's bouncing back. Some stocks are moving. The Dow is starting to rebound back up a little bit. The S&P is very sideways and choppy as well. Markets might be waiting for PPI inflation.
[03:15:55] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:16:39] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:16:43] Speaker ?: The Dow is starting to rebound back up a little bit.
[03:16:44] Speaker 1: The Dow is starting to rebound back up a little bit here.
[03:16:49] Speaker ?: The Dow is starting to rebound back up a little bit.
[03:16:52] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:16:54] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:16:54] Speaker 1: The Dow is starting to rebound back up a little bit.
[03:16:55] Speaker ?: The Dow is starting to rebound back up a little bit.
[03:16:56] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:02] Speaker ?: The Dow is starting to rebound back up a little bit.
[03:17:03] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:07] Speaker 5: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:09] Speaker 1: The Dow is starting to rebound back up a little bit.
[03:17:10] Speaker ?: The Dow is starting to rebound back up a little bit.
[03:17:10] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:17] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:19] Speaker 1: The Dow is starting to rebound back up a little bit.
[03:17:20] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:29] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:47] Speaker ?: The Dow is starting to rebound back up a little bit.
[03:17:48] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:50] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:17:58] Speaker 5: The Dow is starting to rebound back up a little bit.
[03:18:02] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:27] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:31] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:33] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:38] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:40] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:45] Speaker ?: The Dow is starting to rebound back up a little bit.
[03:18:46] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:52] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:54] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:18:58] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:19:18] Speaker 1: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:19:24] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:19:34] Speaker 5: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:19:36] Speaker ?: The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit. The Dow is starting to rebound back up a little bit.
[03:19:59] Speaker 1: Alright, there's a rejection. Can markets just be waiting for the rest of the week? We got PPI inflation wash.
[03:20:31] Speaker 5: We're at 30,510s.
[03:20:44] Speaker 1: Yeah, I mean, Dow is actually falling some right now. What do you guys normally trade? Do y'all trade futures? Commodities and futures? Stocks? Stocks? Crypto? I was loud as heck.
[03:21:03] Speaker ?: Me?
[03:21:04] Speaker 1: Yeah. All of a sudden you just got really loud. Is that true, Chet? Or is Britt being dishonest? The beacon of dishonesty right now? He might be.
[03:21:12] Speaker 3: Maybe it was just on my end. Maybe it was a Discord thing.
[03:21:16] Speaker 2: I don't know.
[03:21:17] Speaker 1: I might have adjusted my mic and just not realized it. Alright, look at this pop right now. Man, the pop's not holding. Futures, gold, Nasdaq, options. Crypto. Crypto.
[03:21:30] Speaker ?: Micro gold, micro e-mini. S&P.
[03:21:32] Speaker 1: Leap options. Bitcoin perp futures. Puts options in stocks. Works mostly indices. Crypto staking long term.
[03:21:38] Speaker ?: Alright, so here's the Nasdaq starting to fall down here. So here's the Nasdaq starting to fall down here. Bitcoin perp futures. Puts options in stocks. Puts options in stocks. Puts options in stocks.
[03:21:43] Speaker 1: Puts options in stocks. Puts options in stocks. Puts options in stocks. Puts options in stocks. Puts options in stocks.
[03:21:48] Speaker ?: Puts options in stocks.
[03:21:49] Speaker 1: Puts options in stocks. Puts options in stocks.
[03:21:51] Speaker ?: Puts options in stocks. Puts options in stocks. Puts options in stocks. Puts options in stocks. Puts options in stocks. Puts options in stocks. Puts options in stocks. Puts options in stocks. Puts mostly indices. Puts options in stocks. Puts options in stocks.
[03:22:03] Speaker 1: Puts mostly indices. Puts options in stocks. Puts options in stocks. So here's the Nasdaq starting to fall down here. I don't trust this at all though, man. There's 475s. Maybe I could short it. Take profit or wait until tomorrow. What are you in? Depends on what you're in. DC hanging into crypto long term. I could have shorted 475, but the range is so tight. Whatever, I could lose the most. It's like a grind up until PPI here and then time to call it a day. Yeah, I mean PPI tomorrow is important because like look at PPI inflation data tomorrow. Full sale business prices creep into consumer prices eventually. PPI is expected tomorrow at 0.3% on the month versus 0.2% last time for core. Headline is expected at 0.6% versus 0.4%. So very similar expectations to today. I mean, I know most people are going to expect higher numbers here for tomorrow, but we'll see. Also, we have retail sales dropping tomorrow as well where we're getting maybe some more reads. We got New York Empire State, Philly Fed index data all tomorrow also here. When is your knee going to be fixed? Ouch, dude. Oof. Sorry. Weird. It just hurt right when you said that. Genuinely. I think I planted my top half of my foot down. That's probably why.
[03:24:32] Speaker 2: Maybe it might have been just like a psychosomatic thing just because they mentioned it.
[03:24:36] Speaker 1: Yeah, that's probably, that could be true. Yeah, I don't know. It's going to be sometime in the next few months, but regarding my knee, the surgery. Nasdaq's coming down here and back to Lowe's. We've rejected, we bounced off of this level four times now, three or four times. Hey, later, Steve. Have a good day, my friend. Later, Steve.
[03:25:01] Speaker 5: I'm going to go.
[03:25:31] Speaker 2: The button's running a blister on my backbone.
[03:25:53] Speaker 1: Yeah, I mean, I'm probably going to cut out of here. There's just nothing going on right now, guys. So, again, you want to help support your boy here on this channel, check out Take Profit Trader. Again, Take Profit Trader is really nice because you can get daily payouts once you're over the daily buffer. It's one of the more loose payout restrictions. Super reliable as well. One of the big four prop firms. And so just incredibly reliable in that regard. If you want to check them out, again, here's the link. You can use code BGT to get the max discount. And remember, it's PPI inflation data tomorrow. We'll see if we get a similar move. Apex also has $7.50 accounts. If you buy the five-pack bundle of their base accounts using code BGT, we'll get you that discount on Take Profit. 40% off, no activation fee with code BGT. And I'm going to get out of here, guys. If you want to check out any other prop firms, like there's an option prop firm called Vanquish. You can get the max discount with BGT. You can use Tradify. They're direct-to-funded accounts if you want to skip the eval or nice lucid. End-of-day drawdown options. No consistency rule. Same thing with Take Profit Trader. No consistency rule in the funded account. So, there's just nothing going on, dude. It's just too boring here. We're too sideways. So, y'all have a great day. Again, remember, PPI inflation data tomorrow. Y'all be careful. Good luck, guys. Later, everybody. Have a good one.