wtf - very pissed!

man I am pissed and there are a couple

Reasons I'm pissed number one I'm pissed

because I'm supposed to be in East Salt

Lake City right now but unfortunately

because of unforeseen circumstances I

ain't there but that's okay I'm gonna

make sure that what happened today does

not recur because that's what life is

Right life is always two steps forward

one step back and if you take a step

back and you can learn from it and you

can make revisions to prevent mistakes

from happening in the future fantastic

that's called life that's called getting

educated that's called developing

whether it's in business uh in

communication or as an individual as an

employee or whatever your goal is to

always try to get better right and to

move forward that's totally

understandable uh but what I'm more

pissed about is that today is March 1st

today is the first day that we're

supposed to be getting better February

that up than what we had in January

because remember January was all about

all its seasonal adjustment month right

well oopsie oopsies we got some bad data

today it's a terrible day for there to

be bad data because today we have an

expiration of the of course is in the

flash sale that's because today is Tesla

investor day and after all the prices go

up over time so if you want to guarantee

the best price going forward make sure

you join the programs today because

we're raising the price tomorrow yeah

there'll be another probably sale at

some point in the future I don't know

when but the beauty is you lock in your

price now you're guaranteeing lifetime

access to the best price possible and

oftentimes prices can go up 50 100 200

over time so you're very incentivized to

lock in early so check out that flash

sale linked down below uh anyway uh okay

look the data today big problems so

again today we start getting February

data and what kind of data did we start

getting when we got data that wasn't

good it started with Europe but then it

also happened in the United States and

and I can't wait to tell you about the

United States data because it is an sh9t

show like I feel like I just got a

Bloomberg terminal code that says sh9t

all over again why it is this 2023

already started sounding very darn

similar to 2022. this is scary this is

not in line with my my Nike Swoosh uh

recovery now it still can be but right

now it's trending the other way and I

don't like that but that doesn't mean

I'm always right I could be wrong and

this data is not fantastic now it's too

soon to flip-flop but I'll tell you when

it's flip-flop time uh actually I'll

give you a little bit of a guide at the

end of this video all right so I need to

continue on here so first of all uh look

okay most of us here in America we don't

really care that much about Europe okay

we we know that prices are going up in

Europe we know that energy prices are up

19.1 percent uh a year over year for

Energy prices of 21.8 for food okay

sucks for them they got War next door to

them you know they've got their problems

we got our problems okay but it's not

just European data that's bad it's not

just spants uh Spence oh my God this

just shows you how pissed I am spants

good lord it's it's not just French

France and Spain who have bad surprises

on inflationary data coming out it was

also Germany which is the eu's largest

economy right Germany coming out with

what oh Germany coming out with

inflation that came in at 9.3 percent

for the EU Harman harmonized prices uh

that is up from 9.2 percent in January

and we were looking for nine percent we

were looking for a slow continuation of

the downtrend all we asked for was to go

from 9.2 percent to nine percent that's

all we ask for on inflation and what

didn't even go down went up that's bad

okay that's bad news but this video

isn't just about Europe it's

specifically about the numbers that came

out this morning in the United States

which are complete poop show as well

before I mention that though it's worth

mentioning that uh the European Union's

like yeah we kind of have three waves of

inflation here the first is energy the

second is material inputs uh and and

while Energy prices probably won't keep

rising in fact we've seen oil come down

that was like an obvious bet we knew oil

wasn't going to go to 100 a barrel uh

then there are saying that hey look

material inputs are still expensive and

unfortunately those costs are not ebbing

and now we're starting to see the impact

of the wage increases show up in

inflation reports now we know here in

America that it seems like the

availability of Labor is substantially

increasing we've kind of hit sort of a

peak in terms of wage increases but some

of that is still showing up in this

lagging form of data now the FED is

somewhat trying to cast aside the noisy

signal goals of some of these reports

because they realize hey you know maybe

this time is different or it's not we're

just going to get Michael Barry screwed

uh or uh they're they're trying to you

know pay a little bit more attention to

Leading indicators rather than lagging

indicators but even though you know when

the lighting lagging indicators are

screaming at you they risk unanchoring

inflation expectations which then f up

the leading indicators long story short

bad news Okay bad news isn't good I

don't like talking about bad news I like

having bad news titles and talking about

good news that's what I like doing okay

the title is crap and the video is good

if you haven't figured that out yet I I

don't know where you've been okay this

is old news old news okay well what's

not old news is that there's a flash

sale expiring today have I already told

you about it anyway okay the American

data good Lord what the hell seriously

what the hell so first of all we get a

stagflationary PMI report which we

covered during my course member live

live stream right after that course

member livestream I go to hop in my car

I bring all of our our products and

everything today and I start heading to

the airport and then I got a U-turn and

here I am bitching anyway so we get this

stagflationary PMI report uh that uh you

know instead of coming in at uh a PMI

this morning of uh of uh well basically

a number over 50 which would be an

expansionary sort of PMI report right

what do we get we get yet another report

under uh even the last report okay the

last report came in at 47.8 which is

under 50 50 above is considered

expansion below is considered

contraction last report was 47.8 we

thought maybe we could match that no it

came in weaker but not only did the uh s

p PMI report come in weaker but the ISM

Manufacturing report also came in weaker

we were expecting 48 which is already

contractionary and it came in even more

contractionary at 47.7 now on one hand

that's like okay well like some

contraction is good right because maybe

that'll put less pressure on prices

right and that data is from February

it's away from January already right uh

oh but wait a minute what happened

Institute for Supply Chain management

prices paid last report 44.5 this report

46.5 was the expectation what actually

happened holy crap

51.3 percent okay

breathe for a moment think about that

and if you don't get what I just said

yet I'm going to explain it in a

different way okay

imagine this you're gonna pick up your

phone and you're call you're going to

call 100 companies you go yo uh is

manufacturing up or is it down and if

you know 49 of them go it's down and 51

say it's up well then the average is

actually up right you tilt slightly up

so maybe you'd get a report that's like

50.5 if you call 100 companies and

you're like hey what are prices doing

and 60 of them were like oh prices are

improving and 40 of them are like ah

price is a little more expensive well

then you have a report of 60. prices

report or in you know uh actually you'd

have a report of 40 which would imply

that prices are actually coming down

more than they're coming up right that

would be fantastic

so that's what you want you want

manufacturing to come in stronger things

to be better and you want prices to come

in down better than expected that would

be better in both both cases what's the

worst case scenario manufacturing down

less orders uh-oh and paying more money

that would be bad in fact that would be

called stagflation that would mean we're

making less and producing less and

selling less

and prices are going up ah sh9t well

what was the report that we got today

manufacturing below expectations prices

paid way hi

we haven't seen this kind of prices paid

ISM report since September

okay we're already in March that's like

that's like half a year ago how Wild is

that September was six months ago

already that's insane

and now all of a sudden we have an

inflationary impetus for February that's

as high as it was six months ago what's

that going to mean for CPI going forward

or should I just call it CP lie at this

point I don't know actually wait I do

know because I have the CPI inflation

expectations right here and I'll read

them off to you but WTF

that's of course at the same you know

before I read you these inflation

expectations of course right afterwards

then you get kashgari coming out doing

his little media circus doing the you

know you know I'm open to either 25 or

50. it's like dude listen Okay fed y'all

can talk tough we get it you're gonna

hike for longer at 25 and you're gonna

keep them there for longer

does anybody actually think they're

gonna go to 50 yeah some people do are

they gonna go to 50. no way in hell in

my opinion no chance we see a 50.

because it would shoot themselves in the

foot of credibility the only way they'd

go 50 is if we got a nasty inflationary

report but with the data we have right

now even with today's numbers it's a 25.

but we get a bad CPI report which I'll

read you the expectations a moment

I'm not going to say no way in hell

anymore I'm going to start going uh oh

uh that's gonna hurt that's definitely

going to hurt now we know that the

market is expected to be bumpy and again

I want to read those CPI numbers in just

a moment here but I want to reiterate

this we know so I have to like I have to

calm down a little bit and remember in

the v-shaped recovery we never said it

would be smooth in fact every single day

now I feel like I'm drawing this

okay so I feel like there is a chance

that we're just hearing this the noise

right like we're over here we're hearing

the noise

that noise was supposed to be January

so like right now like the noise that I

drew here kind of implies like some

comes down sometimes like some bad news

some good news right now it's like okay

that was a lot of bad news for January

and now it's like oh how do you want to

start your February data report how

about with some bad news on March 1st

come on man it's like you timed the bad

news on the flash sale expiration day

where the prices are guaranteed to be up

higher after the flash sale it's almost

like they timed it because now see what

you're doing is you're really saying

take a purple line here and you get okay

so we we move up maybe we move up to

this right and then you you leg down a

little bit but then rather than getting

bad news you get more bad news and then

you get worse bad news it's like where's

the good news I don't know the data

ain't showing it right now this is

walking right into the barrel bear case

now sure we're up from the bottom we're

knocking on the door of the 200-day

moving average wouldn't be surprised if

we start breaking some of these 200-day

moving averages because you know some of

this data is legitimately poopy doopy

doopy it's not great right now we're

literally on the NASDAQ sitting on the

200-day moving average we are on the

Fibonacci retracement line the first one

our 23 percentage level here we're

sitting on it this is a very critical

point for the NASDAQ uh the exact number

is

289.6 we're basically at 290. so we're

sitting on this which is also where the

200-day moving average is about 28926

if we break this trend we could be going

right back to hell

that's not good

and all it's going to take is another

bad set of data you've got CPI coming

out on March 14th you've got jobs coming

out on March 10th and then we get reamed

okay then we take it in the margin

on uh March 22nd when the FED talks so

what are the expectations for CPI

hmm

yeah exactly uh no all right so the

prior release for the month over month

data was point five percent the

expectation for month over month is 0.4

prior core month over month was 0.4 this

one's expected to be 0.4 so basically

barely budget then on the headline at

least you have some kind of potential

budge going from six four to five nine

and on core from five six to five four

but what if we missed that

sh9t

damn it ah flash sale that's all I could

say flash sale we need to talk about

this in the course member live stream

because it's a problem and then we're

gonna have to start looking at how we're

going to set up or potentially hedge

going into uh to some of these reports

here uh because

um

you know as as much as I want to be

bullish it might be smart to look at

some Hedges whether that's with cash uh

or otherwise so we'll talk about those

as always every single trade alert I

make is in the stocks and psychology of

money group everything I do with my

portfolio goes in there course member

live streams you get lifetime access to

if you join the course member any of the

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but also if you want to join the elite

Hustlers course pretty common bundle

right now a lot of people actually

recently have been getting the zero

millionaire real estate investing course

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Hustlers live stream where we do q a

just on building businesses and dealing

with problems like uh two steps forward

one step back but that's what business

is you know if there weren't problems in

business uh you probably wouldn't have a

business the whole purpose of a business

is to solve people's problems whether

it's with goods or services and the

whole purpose of running an efficient

operation is to make sure that you can

minimize issues that are coming up but

what issues come up you learn from them

you adjust and you move on you know you

can't cry over spilled milk it is what

it is alright thanks for watching good

luck this sucks