Why Stocks & Crypto are Crashing | Nu Variant Details

hey everyone me kevin here oh my

goodness so what started as a market uh

fumbling on news that we're going to

have china tensions again between the

united states and china regarding the

ddd listing potentially affecting other

chinese stocks make sure you watch my

chinese d listing video to learn more

about that it's on the channel just type

in me kevin chinese d-listing now the s

p is having its worst day for futures in

nine months and we are seeing a broad

stock market sell-off thanks

to a new strain of covet again and

you're not going to like what i have to

say about it

but

we must talk because there's a lot of

information to know and we got to

strategize together so let's get right

into it right after i mentioned that

today not only are we going to have a

black friday sale on stocks but we also

have the expiration of my black friday

sale for the programs on building your

wealth link down below expire at 11 59

pm if you get the stocks on psychology

and money group remember you get all of

my buy sell notifications so when i

shorted the market two days ago and

people thought i was funny for shorting

the market

maybe it was a good idea

maybe paying off margin was a good idea

maybe trimming some little overpriced

crypto was a good idea

anyway let's talk and strategize because

comments on youtube can sometimes be a

little funny when there could be

strategy in investing anyway so right

now we're experiencing massive

uncertainties brent oil is down five

percent crypto is selling off turkey is

having a crisis and we've got

covid let's talk about this new variant

of covid because it's a disaster first

we have two cases of this new

potentially south africa variant i'll

explain why we believe it's a south

africa variant although that is just

speculation at this point two cases of

this new covet variant uh in

first discovered in south africa

scientists have described it as very

different and of a serious concern

because there are significantly more

mutations around the spike proteins

which is exactly what vaccine's a target

the new variant currently is called

b.1.1529

b1 1529 there's technically no greek

letter yet however it is likely going to

be nu

the greek letter n

pronounced new i believe travel stocks

are obviously declining the largest we

have four cases in shanghai that have

been transmitted locally and don't worry

this gets a lot worse than two cases in

four cases okay i'm just going down the

list here

shanghai has four cases of this new

variant that have already been

transmitted locally the two in shanghai

and this is particularly concerning are

known to have had the pfizer vaccine

implying that this variant could be

vaccine resistant we just don't know yet

certainly a high number of mutations in

this as well now we're unsure if this

one is more transmissible or more lethal

but so far it does potentially look like

it's more transmissible however

one person who has this variant in a

shanghai hotel apparently spread it to

someone across the hotel corridor

unrelated however the traveler from

south africa who came from south africa

to go to shanghai

used a a mask presumably an n95 mask

with a valve

come on folks the ones with the valves

are meant for construction they give no

protection to other people around you

not cool so in other words somebody was

traveling with this mask with the valve

spewing co with it everywhere

botswana which uh is close to south

africa reported four cases in people

that are fully vaccinated we now have

100 confirmed cases in south africa of

this variant and this potentially

evolved from an aids infected patient uh

immunocompromised age

aids patients have also been suspected

to potentially incubate more variants uh

south africa has 8.2 million people with

hiv aids the most in the world and

experts per bloomberg believe that the

beta variant also arose last year from

an hiv-infected person in south africa

now case counts so far about a hundred

however the new uh in early pcr test

results it looks like uh this new

variant makes up about 90

of cases in south africa

that's that's a much faster takeover

than what we're used to

for

new variants in fact this is this is

somewhat alarming i don't want to be dr

fudd here okay but if you want to call

me dr fudd because i'm sharing

information it doesn't matter to me it's

just comments but anyway take a look at

this

the new variant is spreading rapidly in

south africa and appears to be out

competing other variants much faster

than previous variants did this is bad

because look at this

it took about

uh 80 days

for let's see well actually let's see it

took about 75 days for the delta variant

to be the 80 percent common uh variant

it took about uh let's see

a hundred days for the beta variant to

make up about 50 percent of cases well

so far it's only taken about 15 to 20

days for the new b1 variant to be over

80

of new cases that's very very bad this

is just another example of how much

faster uh this this virus is having a

competitive edge over some of the other

variants and this is why

you're starting to see a flight to

safety in the stock market specifically

away from travel and leisure the united

kingdom is banning flights from six

african countries and quarantining

travelers we're expecting containment in

china to expand

uh regular kovid well the delta variant

now a regular variant is is also

creating uh or experiencing substantial

issues uh in germany we just hit a

record high of 76 414 new cases this is

a record high uh the aussie retailers

did report skyrocketing sales thanks to

easing lockdowns but this new uh

covet variant could change things but a

4.9 increase in consumer spending in

australia which is good but that good

news holds no candle to what we're

experiencing now regarding this variant

israel has already discovered a case of

this new variant and the world health

organization has not been able to

determine uh exactly how severe or how

concerning this variant is because

it has so many mutations that they just

actually don't know yet how it might

react so far just from data we are

seeing

this uh a lot more concerning than other

variants at the same time you've got

turkey that is having a complete

disaster with their economy president uh

erdogan uh erdogan rather has interfered

with uh his central bank as he's now

quote waged a war of in independence

cutting interest rates to try to fight

inflation yeah you've got all these

crazy things going on in the market

right now so you got china you got the

covet variant you got turkey it's crazy

like turkey is falling apart on turkey

like right after turkey day it's crazy

but anyway uh apparently the president

of turkey believes that when you have 20

inflation

rather than raising rates to fight high

inflation you should you should cut

rates from 19 to 15 percent this is

leading the lira to plummet relative to

the dollar it's down 40 percent over the

year it dropped 15 percent on tuesday

it's dropping more today

we're expecting massive ecommerce

spending black friday spending today and

of course cyber monday spending we're

expecting uh somewhere around 5.1 to 5.4

billion dollars of online sales this

thursday that's yesterday we'll see what

the numbers are so when as soon as we

get them today now we are expecting

record spending over this black friday

and uh of course cyber monday we're

expecting over 36 billion dollars to be

spent in retail and online we'll see how

much this new variant holds anything

back although we don't have any

confirmed cases of this new variant in

the united states yet uh evergrand by

the way has yet to comply with certain

conditions that are due for certain

bonds uh here here the this week which

is not good so evergrand's down like 8.6

or at least was earlier uh and uh the eu

worth noting going back a little bit to

covet here before we get to the sticks

the eu is now recommending a nine month

time limit on coveted vaccines for

travel this is based on the previous

variance which is not ideal because it

kind of kills the whole like hey i'm

vaccinated i'm good thing unless you

continue to get boosters if you look at

the forex market you've got a lot more

activity than usual in the german

futures market you've actually got a

30-day average of 70 000 contracts

trading volumes right now at 300 000 in

early trading now uh let's talk about

what's going on in the actual market

let's look at the sticks and let's come

up with a strategy of course folks if

you like my perspective and you want

daily market live streams with me when

the market is open and you want to get

some of my buy sell alerts before i

announce them publicly check out the

stocks in psychology of money group it

is the top selling program you can even

bundle up with some of the other

programs we have use that black friday

coupon code because the price will be

going up all right let's see what we got

here look at this folks matterport down

nine percent looks like the metaverse is

going to have to take a backseat to

covid you've got carnival cruise lines

down 12 percent canoe down 10 percent

norwegian down 9.41 look at that

carnival's at 1774. united airlines down

eight percent loose it's down eight

percent by the way i have an active

short going on lucid so that's gonna be

printing a little bit of money here when

we when we open up

uh we've got uh let's see here delta

nano dimension i mean all these things

down seven percent of the pre-market

here this is a disaster american

airlines gevo amc is down six percent i

literally just closed

my sold puts which is a bullish thing

last week on amc and took my attendees i

still have the shares but uh

literally announced that trade last week

but again these are i can't announce

everything publicly like i also

explained why i sold all of my neo

position about a couple of weeks ago

when it was previously running right now

neo down about 5.5 percent 5.6

dede made a whole video on dd down about

6.29 percent i expect that to actually

worsen so far down 5.6 upstarts down uh

you've got uh gm's down blackberries

down i mean this is just

everything's being sold lemonade's down

another four percent uh sun power down

four percent tattooed chef down four

percent tesla's down three point seven

seven percent i also sold some tesla

about a hundred dollars higher than

where we are right now i i'm telling you

i did a lot of selling leading up to

this crisis because i'm like the

market's just too euphoric i've got too

many indicators of of too much uh of too

much excitement too much just buy

anything and i'm gonna wait a little bit

before going crazy and buying and now

we're getting a little bit of a larger

selloff here oh uh beyond me down about

uh two percent uh pinterest down okay

now we're getting to about two percent

here in terms of uh things that are up

worth noting that ocugen is actually up

about 21

moderna is up eight point eight percent

maybe because they weren't mentioned

like pfizer although let's see how

pfizer is or this is encouraging people

to want to get boosters no boost uh

pfizer is also up about five percent

zoom eight percent not a surprise that

zoom and peloton and teledoc would be up

about eight and five percent

roku up netflix up looks like your

traditional pandemic stay-at-home plays

or uh or are definitely

ruining their heads again so there's a

question here does it make sense to

potentially buy docusign which has sold

down recently or zoom

or peloton all of which are actually at

relative historic lows right now let's

now go ahead and hop on over to crypto

because it is not a pretty what's going

on over at crypto

i imagine all of the uh uncertainties

are leading to essentially a flight to

safety now i did trim a chunk of crypto

which i also sent out in the stocks

psychology mining group

uh but anyway

significantly because i expected crypto

to fall to about the 40 or bitcoin to

fall to the 44 000 44 it was like seven

forty four thousand seven hundred dollar

resistance level uh and and support

level and it actually did uh it finally

did it fell to uh 44

706 before it popped off so our

technical analysis on point teach that

as well by the way in the stocks and

psychology mining group but anyway uh

bitcoin is sitting down at about fifty

five thousand one hundred right now

ethereum still holding on above four

thousand at four thousand ninety five

cardano uh the etoro news did not help

at all even though it's a smaller

exchange it's sending a lot of fear uh

this one's down fifteen percent down

four percent today not as much as solana

solana down about six point six polka

dot down about eight point four

avalanche down eleven sheaves only down

1.79 not that bad at all uh where's doge

doge about 7.26 decentral am telling you

folks people are now selling off the

metaverse 16.08

axi down 8.7 you got the sandbox down 13

so definitely fear striking the crypto

sector as well and really what this

feels like is just absolute broad based

selling across the board due to these

new covet fears the the dd fears

uh fears across the board all these

indices here are wrong let's just go to

investing.com and get our current

futures

so current futures we go to indice

futures tab here it's a free website you

can use by the way

you get access to all of the

any recommendations that i have for news

or whatever you get those as well in

stocks and psychology money uh you get

lifetime access to the program as well

but anyway as you can see here the dow

futures down 875 points down 2.44

s p 500 down just over two percent of

2.09 small cap this is really the

russell it also affects travel stocks

four point six one percent of the

downside volatility up seventeen percent

and uh the uh nasdaq uh sorry this this

being the russell i hope i said that

correctly uh the um

nasdaq being down the least at one point

five or one percent obviously uh still a

little bit of people taking risk off of

the table but uh you know if you're

gonna have to pick some stocks you

almost may as well pick some potential

tech stocks but anyway uh yeah this is

this is definitely moving the market

here let's see here arc k is down about

2.5

that does mean my inverse play which is

not really a short it's just a swapping

the return uh this is uh technically

right now up four point four percent

uh

not much higher than where i paid for it

because it was a little upside down

previously but we'll see how this opens

up uh into the morning uh trading so

anyway uh this gives you a little bit of

a pre-market update here a little wild

what's going on but boy oh boy folks uh

buckle up hopefully this was useful

information to you if it was consider

sharing this video so anybody you know

can get up to speed with exactly what's

going on in the market i am considering

making some trades here this morning

either buy the dip trades for some hedge

trades i will let you know about those

if you're in the stocks psychology money

group check out that black friday coupon

does expire today and we'll see in the

next one thanks so much goodbye