i'm pissed

okay I don't know about you but I'm very

appealed and I'm going to explain why in

this video but first we gotta talk about

what's going on in the market today

because Tucker Carlson says aliens are

real we've got news on not only a Tesla

actually big news and Tesla but we've

got commentary on what's going on with

crypto we've got some data releases that

come out we got some spending numbers

that came out and we just gotta talk

about what the heck is going on in this

economy because I'll tell you there are

a lot of people that are just straight

up fearful and I think they're gonna end

up being misallocated now I'm not Mr

permeable here I gloriously flip-flopped

in January of 2022 and I made it clear

to everybody exactly why flip-flop yet I

still ended up getting haters for it

just because I said we are going to be

going through a very tough next year and

here's when stocks go back up and the

argument of when stocks go back up just

to catch you up to speed is basically

when the Federal Reserve u-turns the

stock market will likely go up but this

time that U-turn may actually come early

you're in stocks and we might end up

seeing a Nike Swoosh into the fed's

U-turn because the Federal Reserve has

changed the way it communicates to the

public they're a lot more clear with

their intentionality and as long as

inflation doesn't lead to this

unanchoring of expectations to where we

would get a Paul volcker the Federal

Reserve does not need to destroy the

economy now according to a CNBC survey

wealthy individuals with over one

million dollars of investable assets for

those folks but anyway those folks think

there's no way inflation's going to go

back down to two percent and that may be

the common belief of many in fact you

might be thinking to yourself right now

yeah I mean I agree I don't think it's

going back to two percent anytime soon

and guess what that is quite okay I

think that is one of the things we have

to remember is it doesn't actually

matter if inflation goes to two percent

this year or next year or the year after

as long as inflation does not Skyrocket

away and as long as inflation

expectations don't balloon we can take

our time we can relax and we can enjoy

the benefits of the stock market still

having sales in some corners of it

potentially not Nvidia stock although

Nvidia is very exciting and basically

every single analyst expectation flew

out the window after people realized oh

man invidia's revenues could be

explosive thanks to artificial

intelligence growth the problem is now

markets are pricing in the following a

52 percent year-over-year growth in

revenue for 2024 21 for 25 and 15 for

2026. however if these are the analyst

expectations then that's already built

in we gotta beat all of these numbers to

really see growth in Nvidia stock and

this has a lot of folks saying in order

to really see growth in Nvidia stock

you've got to see an average of about a

35

Plus compound annual rate of growth for

NVIDIA and that could be a little scary

because competition as well as other

potential changes in the way artificial

intelligence uses chipsets that is

potentially going from a learning method

of AI or a Training Method of AI to a

use case of AI which could shift chip

usage possible that Nvidia might be a

little rich and this is what's leading a

lot of people to say well we'll just

invest in Tesla then because after all

they are another real world AI

application that's actually expected to

make a lot of money off their artificial

intelligence look I just released all of

my artificial intelligence lectures and

productivity lectures in the course how

to make more money in it get sh9t done

faster it's an incredible program we

just released all of them last night but

I'll tell you one of the things is that

Tesla is actually looking at generating

Revenue but not just looking to they

actually are generating revenue from

artificial intelligence whereas most of

the software companies that provide us

artificial intelligence apis

they're either trying to maintain their

moat like Adobe or maybe an Autodesk

or they're providing a chat GPT API and

the profitability of doing so is

questionable we know a lot of money will

come from artificial intelligence but

we're just not clear who is going to

make that money and with Tesla moving

the way it is today I believe that the

market might be scratching their head

going well maybe the surest bed of

artificial intelligence is after all

Tesla now Tesla could also be moving at

least the way it's moving now in part

due to another reason that's because

well two things and number one they

finally beat their Solar City lawsuit

where Elon Musk was accused of

potentially overpaying for Solar City I

actually broke down the entire SolarCity

evaluation on this channel previously

and thought this was actually a perfect

acquisition for Tesla because it

instantly got them into solar sales and

made them an energy a green energy

partner from top to bottom they also

replaced their inverter manufacturer

solar Edge and now they're in housing

the manufacturing of that inverter

they're doing everything they can to

essentially squeeze margins not only

that doing everything they can to make

sure you are getting as much money

possible to buy a Tesla from the

government in fact now if you go to the

website

clean vehicle rebate.org and you live in

California and you make less than 135

000 as a single individual or less than

two hundred thousand dollars as a joint

individual you could literally buy a

model 3 for 25

000 that's because the starting price of

a model three now is about forty

thousand dollars but the federal

government will give you seven thousand

five hundred dollars and the state

government will give you another seven

thousand five hundred dollars in

California to buy a model three that

makes a model three

twenty five thousand dollars which is

about one thousand dollars less than the

cost of a Toyota Camry and that doesn't

even include the lifetime value of how

little electric vehicles cost and

maintenance compared to gas vehicles or

your longer term electricity savings or

fuel expense savings which are

incredible at Tesla but forget about

Tesla for a moment and justifying its

stock price rise let's also consider

what's actually happening with retail

sales well one of the things that I like

to do is I like like to look at what

city analyzes and its credit card

spending data and one of the things that

we're starting to see is that credit

card spending data is starting to take

up relative to what we had seen in Prior

years now this is good because it's a

sign that even though over the last six

months of 2022 and some part of the

beginning of this year we had some dicey

numbers and things were declining we're

actually starting to see a rebound Again

part of this is likely because the

consumer savings rate has actually

started Rising again now a lot of people

think that's remarkable how is that

supposed to happen we're supposed to be

going into a recession how is it

possible that the consumer savings rate

is actually Rising well it's probably

just as possible as Tucker Carlson

telling us that aliens exist with that

actually happened yesterday but it's

actually because yes even though prices

for things have gone up we are making

more money in real terms our incomes are

finally positive it's because we're

still growing our incomes wages are

still Rising by the rate of about five

to six percent at least if you look at

the ADP survey for year-over-year

numbers and if you look at month over

months we're still seeing wages rise

between three to four percent now you

might ask yourself but Kevin even

earlier you said there's no way

inflation is going to go back to two

percent especially if wages are rising

like that that's bad right no actually

not necessarily in fact because

consumption makes up about 70 percent of

the economy you actually don't need a

hundred percent of wages to match two

percent inflation you actually can have

wages Rise by around three percent

slightly more slightly less it's an

uncertain number it's a theory but you

can have wages rise somewhere around

three percent and still be consistent

with two percent inflation that's

incredible now that's still not going to

twist people's arms and convince them

that inflation will end up proving to be

transitory that will end having taken

many years it wasn't as transitory as

we'd hoped so when we hear that we think

oh that's a stupid claim because that's

what the Federal Reserve used to explain

why they're still printing money in

March of 2022. that was stupid that was

really dumb inflation wasn't transitory

that quickly but it will end up proving

to be transitory and this is why it's

worth considering that whether or not we

go into a recession honestly might not

matter all I have to ask you to do is

search Google for the Dax it's the

German Stock Exchange well it's not the

German Stock Exchange it's the largest

40 Blue Chip companies in Germany an

economy that's actually technically in a

recession forecast to stay in a

recession throughout the next quarter

that is like the Dow Jones Industrial

Average in America and the Dax is

sitting 1.8 percent off of its all-time

highs in fact it's doing extremely well

year to date and it's doing extremely

well compared to all-time highs which is

really remarkable because you think wait

a minute

we should be doing worse if we're going

into a recession right

not necessarily because I also want to

remind you what a recession actually is

on paper a recession on paper is simply

negative growth compared to the year

earlier there are actually many

different kinds of recessions you can

have a revenue recession an earnings

recession uh an emotional recession okay

I made the last one I made the last one

up oh but the point is think about this

if you had a lemonade stand and all of a

sudden you sold you know fifty dollars

uh every single day and then somebody

printed a bunch of money and all of a

sudden you went to selling a hundred

dollars per day and now

after all that stimulation which was

really exciting and fun big growth yay

that was fun now I'm sorry to say you're

only selling 98 a day of lemonade and

yeah inflation has hurt your margins a

little bit but guess what your bottom

line is still way bigger than it used to

be and even though

98 is bigger than 50. you are

technically in a recession thanks to

this decline expand this to the global

economy or even the United States

economy and all you have to have is a

tiny little negative for two quarters in

a row and you're technically in a

recession we technically also already

had that in q1 and Q2 of 2022 so maybe

the recession is indeed already behind

us but whether or not it's behind us or

in front of us doesn't really matter the

economy seems to have well I should say

the stock market seems to have crashed

in 2022 primarily because of the fear

that inflation was never going to be

able to be quote-unquote put back in the

bottle the fear monkers who like to

appear on CNBC to promote their products

whether it's gold or Bear products or

bear options

want you to know that once inflation

comes out there's no way it's going back

yet the reality is quite different

inflation is as Milton Friedman said a

monetary phenomenon and when you print

money too rapidly you get inflation when

you print money at a regular Pace you

get very little inflation mostly because

Innovation is a massive anchor that

creates more deflation than it creates

inflation and if you don't print money

at all or you print negative money which

is what's happening now you should start

expecting deflation which is actually

exactly what we're starting to see with

companies like Costco talking about

reducing prices because they make money

off volumes Costco doesn't make in fact

most of their money off of selling you

stuff they make money off the membership

so they're willing to tussle and start a

price War to make sure people to go to

Costco and not anywhere else and you're

seeing every retailer start making

adjustments and reducing prices and

realize saying that they have to start

pitching not only value to their

customers but they actually can't raise

prices anymore you look at the

forward-looking price increases of what

companies are doing whether it's Staples

like Procter Gamble Kimberly Clark Pepsi

Coca-Cola McDonald's look at any of

these companies and the forward-looking

projections for price increases that is

not what they've done in January not

what they did January compared to last

January but looking forward what are we

looking at

more massive price increases in fact

we're more likely to be expecting price

decreases and I encourage you to when

you hear about price increase data just

ask yourself is this price increase data

comparing to 2022 which we know the

prices have gone up or is this hey we're

going to continue raising prices those

are going to be very very different

analyzes so consider that if you're

worried about inflation and never forget

that the Federal Reserve does not need

two percent inflation they need an

average of two percent inflation

if you've ever played with averages you

know that can be easily manipulated to

be two percent and as long as the

five-year break-even rate which is the

Market's expectation of inflation is the

way it is now at 2.19 and trending down

we're looking good that's why the market

is pricing in a near 75 percent chance

of the Federal Reserve pausing

at their meeting in two weeks actually

it's in one week in fact it's one week

from today today's already June 7th

yesterday I released all the lectures by

the way in the AI course uh which is the

how to make more money and get sh90 done

faster they are phenomenal honestly I

was really mind blown by some of the

likes actually quite frankly a lot of

the lectures but I look at the content

we put out there yesterday I'm like oh

wow like a lot of this stuff like this

is here to make all of us as employees

at all of our various different

companies a whole lot more productive so

we're really excited about the content

uh and so hopefully you are as well and

you get a massive productivity boost so

check that out link down below it comes

with all the course member live streams

but of course I'm pissed because

I don't know what it is but today my

entire network is basically bogged uh we

got rug pulled and I need to rebuild the

entire network uh where this studio is I

could go to my other Studio but

unfortunately I need to get to Texas

because I'm conducting an interview and

then I gotta get back from Texas all

today and that'll probably stay up all

night fixing this but I will get it

fixed but I am pissed about that I

wanted to take a massive Hammer I had

the feeling I wanted to take a massive

hammer and and show it who's boss but

then I would probably had to have waited

three days for new products so I

tempered my uh frustrations and uh and I

didn't go for the bfh

never heard of a bfh have you it's a big

[ __ ] hammer that solves a lot of

problems anyway that aside I'm very

optimistic about uh Tesla the 7 500 tax

credit for California and the News

That's going to create is great for

Tesla Dave and Buster's beat on the

bottom line but missed on the top line

Dave and Busters and Retail stocks might

be something to pay attention to for

about the last week in course member

live streams I've been talking about how

retail might be the most underpriced

sector in the economy right now and with

retail spending taking up and savings

rates taking up maybe pay attention to

retail etsy's done really well the last

three days and Dave and Buster's been

doing well as well China I wouldn't bet

on China remember when yesterday the

Bears were like bet on China because

China's you know gonna have a surge in

productivity especially when they

stimulate again meanwhile then we get

data coming out that Chinese exports

fell way more than expected down about

eight uh seven to eight percent this is

a problem mostly for China this is why

copper has been falling iron has been

falling you want to be careful betting

on Commodities anyway everybody always

like oh but the EV Revolution Kevin why

don't you bet on lithium

what just happened there are now

companies that are like hmm the stuff

that we extract like the liquid that

comes out when we conduct oil fracking

actually appears to be really rich in

lithium maybe instead of throwing that

stuff away we can extract lithium from

that seems like any time a commodity is

needed in high demand we find new ways

to extract it and that eventually ends

up lowering the cost of those so I'm

cautious of Commodities just like

obviously at this point I'd be somewhat

cautious of crypto I do think at some

point there will be a by the dip

opportunity but Regulators in Congress

and courts need to Duke out what we're

going to end up doing with crypto before

I think it's a clear as day investment

and something that deserves portfolio

allocation and sure while I'm a licensed

financial advisor I'm not advising that

you do or don't have crypto in your

portfolio I'll just be very careful if I

had money on binance I probably would

get it out and I'm not trying to cause

fud here but let's put it this way the

SEC is very powerful they have a lot of

control even influence of other

jurisdictions and so I wouldn't just be

worried about binance us and also be

worried about binance itself because as

the jurisdictions come surrounding

binance

acids might end up getting Frozen

just want to put the warning out there I

know that might seem fetish so let's

move on from that I would just be

cautious right now always remember now

your keys now your crypto treasury

yields relatively flat markets and bears

were telling us we're gonna have this

massive liquidity drain and the reverse

rainbow facility wasn't going to be

enough to protect us so as usual more

negative noise that probably won't end

up being true the reality is things are

actually going pretty dang good right

now I know it might not feel that way

personally it's kind of like during

covid where the stock market was going

up and everybody felt like crap where

because we're on lockdown so I want to

parse that yes in our personal lives

things have gotten more expensive we're

still dealing with supply chain

shortages in Aerospace and in vehicles

to some extent and there's still

frustrations coming out of the coveted

economy but is that a justification for

saying I never I don't want to touch any

stocks or I just want to be completely

uninvested or I'm too bearish or I'm

going to just wait for the next div

opportunity probably not is it a

justification for going all on Nvidia

also probably not you probably have to

be slightly careful here mostly just

because generally when we start pricing

in things like oh they're gonna grow at

50 year over year those high

expectations tend to get met with a lot

of competition and unfortunately missed

expectations maybe that's why insiders

seem to continue selling in Nvidia

if you just look up Insider sales on

Google for NVIDIA let's just say after

earnings there have been a lot of

Insider sales so maybe the Insiders

happen to know something but then again

that only assumes people like Nancy

Pelosi know how to trade Stacks because

uh oh wait she also seems to have a lot

of inside information anyway I want to

wrap up by just commenting that there

are now some circulations uh being or

comments being made about the Apple

headset that it might be too tedious to

wear all day long because it's a metal a

glass frame that's actually quite heavy

and starts causing back of head strain

as well as just honestly pressure uh

there's some people talk about it being

queasy when you are becoming queasy when

you wear too long I want to be very

clear because I don't think I've been

clear enough on this I actually think in

10 years 10 to 15 years we'll probably

have a Ready Player one style world

where we can pretty much do everything

with from our headset I also think to

some extent that's very sad because I

remember being a child and I'll never

forget taking pictures of events with my

father and always feeling like I was

enjoying those events through the lens

of a camera

there's a massive difference between

being present and actually experiencing

an event and seeing an event and I'm not

sure that artificial intelligence

augmented reality virtual reality are

ever going to give us the feeling of

impersoneness that's not to say they're

not going to unlock really cool other

experiences let's just be real here it's

probably going to be really good for the

porn industry but aside from that uh

there will be other cool experiences

that that come from these headsets and I

do think that at some point in the

future businesses will probably

incorporate providing these headsets as

productivity boosters for their

employees in fact something that I do

for every employee that joins my

companies is I purposefully give them a

this isn't even an example of one

because it's a smaller one but I give

them an iPad Pro a stylus the uh

keyboard the magnetic keyboard that

comes with this I give them the noise

canceling headphones all of this not

like just because well sure it may come

across the Gen us but the point is their

productivity tools and if I can invest

in their productivity just like you can

invest in artificial intelligence

productivity make sure you don't get

left behind as an employee or

entrepreneur check out the course if we

can make ourselves more productive or a

team more productive we all end up

winning we get more done with less time

and then we have more time to spend on

things we want to do engaging and

collaborating with team members and

humans a lot of which I think it's

really important is done in person so

I'm a big fan of that

um anyway look I'm very upset that I

wasn't able to be live today for episode

101 we'll have to try again tomorrow I'm

going to fix all of that I also want to

just remind you that even though it is a

default and foregone conclusion that

most of us will tend to be more negative

than we are positive that things just

can't get better going forward I I want

to hopefully just give you a little

inspiration that

things can get better and I actually

have faith that things are going to be

relatively

better over this next decade and I

wouldn't I would really plant the seeds

of Investments now start that business

take that licensing test get educated

listen everyone in my office is by the

end of the year we're doing multiple

challenges we're gonna have a fitness

challenge we're gonna use AI we're gonna

finish challenge for this we're going to

have uh we're all going to be series 65

license we're all going to be Series 7

license you can do that as well

nothing's stopping you right uh we're

expanding multiple businesses we're

creating a whole multiple new businesses

that we didn't think we're gonna start

we've got our reg a which hopefully will

be qualified by the SEC

probably mid-june to the end of August

for house hacks so if you're waiting for

that that's probably what we're looking

at uh and in the meantime I'm very very

cautiously optimistic I don't want to

sound like a permeable and remember a

lot of people got pissed off at me in

January of 2022 for finally putting the

pieces of the puzzle together and going

oh my God the next year might actually

be really really bad which ended up

being correct

and I was transparent about that I made

a video you could go back search on

YouTube meet Kevin 20 million dollar

market bat it's actually a good video to

watch

two homework pieces number one meet

Kevin 20 million dollar market bed

around 33 minutes into the 35 minute

video I reveal that I sold 99.6 of my

portfolio and went five percent short

the market

something worth looking at

something like that maybe it was 99

anyway basically sold everything uh and

then also another lesson to study is

look at worst fed report ever meet Kevin

it should be January 5 of 2022 and you

can see one of the things that inspired

the massive U-turn we really realized oh

my gosh poopy has hit the fan and it's

what we saw then is quite frankly the

opposite now so even though I'm really

pissed my freaking internet

I'm optimistic I think the Bears right

now are are missing uh a lot of this

reality that this this fed fight to two

percent isn't what it appears anyway

thank you so much for watching this I

really appreciate you please consider

checking out my programs on building

your wealth link down below because

really I think the value you get in them

is actually worth 10x what you pay I

really believe that and if for some

reason you don't think so send me an

email with feedback and we'll make sure

to add the value that you think is

missing thank you so much for watching

send an email if you need to to staff

and meet kevin.com or if you have

questions for bundle coupons appreciate

y'all sorry I'm gonna go work on my

level 99 Fire making now sorry I

couldn't be live and we'll see y'all

soon good luck have a great day bye

now I want you to know this when it

comes to AI time is what's going to make

you money and if you can prove that

value to an employer you'll always be

able to be employed so this is another

way of making sure that you don't get

replaced but

foreign