Why the Market is Falling (Crypto AND Stocks)

hey everyone me kevin here coming to you

with a market update on what the heck is

going on market why is the market

softening why are we seeing 10-year

treasury yields go down again they were

starting to go up we're now at a 10-year

treasury sitting at 1.243 we're seeing

crypto fall we see the indices down a

lot of things down right now i want to

break down exactly what's going on we've

got multiple things going on we're going

to talk about china delta afghanistan

the fed we got tesla to talk about we're

going to talk about crypto suddenly

tanking as well so we have to talk about

all these things here so uh number one

let's go ahead and quickly start with

china things are starting to slow in

china now part of this has to do with

delta which we'll talk dealt in just a

moment but part of it is just maybe when

you have a big boom after a pandemic you

get a little bit of softening again in

the market and this could be a precursor

for what to expect in america which

could mean maybe we're not going to be

seeing those crazy beats anymore in 2022

we get a little bit of a softer sideways

trading market take a look at this

retail sales in china in july were

expected to come in at 11.5 percent came

in at 8.5 so you had a miss still a good

number but it's a miss production same

thing 7.8 expected came in at 6.4 so you

start seeing kind of the slowdown in uh

in the market this is something that

we're going to see and we've kind of

already been seeing most of 2021 with

the exception of like the s p 500 which

is

straight up and so is google google's

been doing an amazing performing stock

in the portfolio but really broadly a

lot of stocks a lot of higher value

stocks backs really trading sideways or

down lately and part of it is because of

this this fear of slowing growth and

we're seeing that happen in china so now

the data is coming out and so this is

headline news and uh and that certainly

hurts our stock market as well

delta obviously one of the reasons we

could be seeing this slowing uh you've

got hospitals in texas complaining that

they're out of icu beds you uh did have

a record case count since our last

coveted winter come in this saturday

which would be a report of friday's

numbers we are seeing the numbers start

to slow in fact some doctors like dr

scott scott

the former fda commissioner he mentioned

that we're starting to see sort of a

flattening or maybe we've hit like sort

of peak delta if you will uh which would

be very good if we've hit peak delta we

want this to kind of go away we want to

see what happened in the uk happen again

uh or it happened in the united states

although in the uk you'll see the

numbers went up

and then we kind of fell off that

exponential growth but we still are at

an elevated level even in the uk so a

lot of uncertainties still uh still to

be had regarding delta obviously third

thing to consider afghanistan is taking

up all of the news right now and it

makes sense people are climbing onto

airplanes to hang into the hang on to

the under cargo of planes and then when

these planes take off people are falling

down to their death in afghanistan

they're trying to escape with taliban

control in afghanistan folks are fleeing

uh disaster does that i mean people are

getting executed outside of their homes

in afghanistan there's some media that's

being allowed to be portrayed and and uh

the taliban is trying to

convey that don't worry everything's

under control here meanwhile in in you

know in the alleys people are getting

executed it's it's a big problem uh

we've got now essentially got this

potential of an entire terrorist country

uh in in the middle east again which

which uh was eliminated over the last uh

20 years and uh it was actually

pseudo-democratic for uh you know sure

maybe it wasn't the most stable but

obviously given how the taliban has

searched in but this is a problem uh and

this kind of

geopolitical uncertainty or this fear of

oh my gosh how many more troops are we

going to have to send afghanistan these

are things that are going to weigh on

the market and they're going to lead to

more

fear uh and we know what fear

uncertainty and doubt does prices go

down want some more fear uncertainty now

look at the fed jerome powell talks

tomorrow he's got a town hall tomorrow

i'll be covering this ah now they're so

loud again i'll be covering that

tomorrow we've got uh fed minutes coming

out from their last fomc meeting coming

out on wednesday not really expecting

anything from the minutes the minutes

are rarely a catalyst but we've also got

the jackson hole symposium coming up

next week and all of these things

related to jerome powell are all going

to be helping us understand all right

we've hit have we hit substantial

further progress are we going to taper

in september october or we're going to

start doing that kind of like we're

expecting but more importantly and this

is what i think the market is going to

pay attention to more than whether or

not we're going to taper because now

we're kind of expecting the tapers

after the taper how long are we going to

wait to raise rates reason generally

markets are fearful of tapering is

solely because it's a precursor to rates

going up sure when you taper there's

less cheap money flowing around in the

markets but i think the market's less

concerned about that we have plenty of

cash sitting on the sidelines right now

uh and really uh that's why we're also

starting to see in my opinion crypto

start going up but we're going to talk

about crypto in a moment because i first

want to talk about tesla okay tesla is

now getting officially investigated uh

by uh uh by the us government for uh 30

crashes into emergency vehicles

allegedly on autopilot

11 crashes that actually started this

this investigation uh started back in

because when i first heard this headline

i have to say i thought these were all

going to be like old crashes like 2014

16 things but i was wrong actually the

11 crashes that spawned this

investigation started january 22nd 2018

and the most recent crash was on july 10

2021 that's like your most recent

software here at tesla which is kind of

scary but anyway san diego driver

apparently intoxicated uh allegedly

crashed into the back of a stopped chp

car supposedly on autopilot

so that's not good that's not good that

happened on like 309 a.m so something uh

pretty hot we've also hit see uh cb i

just actually got an alert here cboe

volatility index just hit its highest

level since august 5th we're at 17.65 uh

which is since august 5th i mean this

one that was like 11 days ago but

obviously we've got more volatility in

the market today we get a lot of things

going on at the same time this mark the

more this morning when the market opened

crypto all of a sudden started selling

off this came shortly after uh aida a

coin that we've been buying in in uh and

talking about buying in the stocks and

psychology money course since it was

around a dollar it was an easy double

here within the last month which is

incredible but ada became the third

largest crypto which is really really

cool at a price of two dollars and 12

cents per coin so now uh and that's my

portfolio actually is bitcoin ethereum

and ada uh ada cardano

many different ways people like to

define it but anyway uh yeah look

i i'm very excited about ada and i'll

take advantage of of decline so if we

get more declines here i'll send out

more alerts for uh buying crypto because

i'm still in the position of rcc folks

real estate cash and crypto right now

crypto i'm still a little skeptical on

though because if we do have a downward

inflection in inflation i i really want

to see how crypto ends up reacting uh so

you know i'm still not sort of all in on

how much i've got allocated for would

i'd be willing to be all in on crypto

but i mean look folks we've got a lot of

drama happening in the markets right now

afghanistan is going to cover the

headlines in in most media over the next

i would imagine a few weeks here

and joe biden's response is going to be

a big factor for uh how the market

prices in the potential for

you know setting more troops to

afghanistan again

these these sorts of uncertainties do

hit the market especially since wartime

efforts are oftentimes associated with

inflation we all know that inflation

associates with the market but uh

slowing down in china an increase of

delta the federal reserve talking these

are times of uncertainty in my opinion

times of uncertainty are wonderful times

to get into the market especially when

you see softening pricing i as always

just caution stay away from leap call

options they're very very tempting but i

would stay away from them in this kind

of uh market so this kind of gives you

an update as to what the heck is going

on there's a lot going on in fairness

there's a lot uh and so i would uh i

would stay cautious i wouldn't get too

excited to buy the dip

until you get to that pricing where

you're like yeah this is where i have to

strike and in case you ever want uh

alerts on when i'm buying or selling

something make sure to check out the

program link down below on stocks and

psychology money you could use that

forty percent of coupon code folks we'll

see in the next one thanks for watching