PREPARE for this Week - THE GREAT RESET.
FULL TRANSCRIPT
ooh I cannot wait to trade this week
because we've got a big one this week
first we got Japan China I'm going to
catch up on those then we've got the
Federal Reserve we're going to touch on
those and we got to touch Bitcoin you
know what let's go ahead and get Bitcoin
out of the way because there's a little
bit of an interesting Trend that I've
been watching on bitcoin and I think
it's worth you paying a little bit of
attention to it as well uh you see it on
the hour chart for Bitcoin and we're
getting a little stuck at a certain spot
you ready for this I want you to pay
attention to this if you don't have this
line drawn yet I drew this line over
this weekend it was yesterday morning I
drew this line probably somewhere over
here I was kind of noticing that we were
kind of ceiling ining I like to call it
ceiling Ling linging when it's kind of
like you got one of those sloped
ceilings it's like huh that is bizarre
so I drew this line boom boom and then
kind of that ceiling over here extended
this what literally happened over the
last couple hours here we bounced almost
perfectly off that line I you're going
to have to just believe me on this I
drew that line before it bounced on that
line okay just going to have to believe
that uh but even if you didn't pay
attention to this what is that a sign of
it's on the one hour a short-term sign
of potentially a downtrend for BTC now I
don't want to come across as a crypto
bear why is this happening it is a
riskof it is an early warning sign of
the week that we have ahead now there is
some enthusiasm consider the following
Japan is finally expected to raise rates
out of the negative territory this is
going to be a big move they're going to
go from ridiculously accommodative uh to
slightly not like 0.1% not like imagine
having the Fed rate at .1% and everybody
freaking out because you went from
negative to positive of course today
like just about an hour ago uh they came
out and said Bank of Japan to conduct
unscheduled Bond buying operation which
basically lowers Market yields they're
flooding liquidity of $20 billion
American dollar it's like 3 trillion yen
that sounds big but it's $20 billion uh
into the economy into markets reverse
repos basically uh so banking system and
such right before they go to slightly
restrictive because they're like oh it's
a big week we don't want to break
anything let's tiptoe around they're
going to go positive like 90% of
economists are expecting that so that's
kind of kind of a good news you know
neutral good news what do we have in uh
uh China going on though in China you've
got uh retail sales coming in better
than expected 5.2% versus the
5.2% for January Feb combined retail
sales this actually some optimism for
China makes you wonder is China you know
hitting that little curvature curvature
who knows now a trading this week Japan
China Bitcoin aside everybody's going to
be nervous about fed jpow why well but
this is fed jpow week of course
everybody's going to be nervous about
fed JP what do you think we do this is
the point where literally I take this
sticker right here this sticker you know
what's on this
sticker here you go go to the link down
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then of course pitch alerts oh yeah and
the event basically I'm going to send
out my Trading alerts this week for
those of you in the stocks and
psychology money group obviously we're
going to plan these in the course member
live stream and we have the event June
21st to 23rd hey look at that we
Consolidated all the pitches right there
sorry the point is we we have a list of
catalyst coming up it's not just the
event or the fact that you need to get
your life insurance and Weeble and all
this stuff in order uh let's look at the
Catalyst you know everybody was kind of
mind blown but a lot of people send me
messages they're like it actually was
just like three minutes to sign up for
life insurance it's crazy metkevin.com
it's what Lauren and I use okay so
Catalyst this week honestly outside of
fed H early part of the week kind of
boring we're going to get building
permits big deal that's Tuesday morning
that's when the FED meeting starts uh
Monday morning we'll get uh New York fed
Services obviously I'll be live stock
market open live stream you're always
welcome to be there 5:25 a.m. California
time housing starts uh we'll get those
Tuesday morning with the building
permits expecting 2% growth on
month-over-month building ferments and
7.4% growth on housing starts probably
because prices have
stayed High
anyway okay uh summer surgery is
Wednesday I I want to go visit her but
I'm smidge under the weather weather
still a little bit of that lingering
cough so I'm like there's no way in hell
I'm going to go visit a preey right
before a surgery so we've got family
visiting with her but it still breaks my
heart not to be able to be there before
but I can't do that to her you know it
be selfish to me anyway uh fed meetings
obviously on the 20th the 20th uh will
be 11:00 a.m. we are going to get these
summary of economic projections now I'm
going to tell you what they're going to
do here it's not going to be maybe uh
particularly as bad as people suspect
that's why we got to strategize on this
and I got to explain that uh then we've
got obviously the presser 30 minutes
later we'll go through that that'll be
about an hour and a half the next day
we'll get initial jobless claims we'll
get pmis JP Pal's already going to know
what those jobless claims and pmis are
so
excuse me maybe he'll tell us a little
bit about it but what do I actually
think as far as the FED meeting here all
right let's be clear I do not think that
the Federal Reserve can rug us so we're
going to write down some things here
okay I don't think we're going to get a
rug no rug uh I think the reason you
don't want to get a rug is I think you
got to give it to the market slowly to
prevent breaking something because if
you break something you have to cut
sooner so you don't want to cut super
soon and you don't want to break
something boom okay look at that so how
do you translate that into a number okay
so what I think they're going to do is
they're going to slowly and softly pop
up and bum that summary of economic
projections Fed rate a little bit think
about this clearly for a moment if they
go too aggressive this week can crash
the market they break something maybe a
bunch of banks start going bankrupt or
something this is this is like the
opposite of what the Federal Reserve
wants so you can't do that you can't go
ridiculously hawked this week so you
don't want to go Mega bear on the fed
you go Mega bear on CPI days and it's
staying sticky well we just had that
that's why we had the February numbers
and things went red for a little bit
right what you really want as a Fed is
just to slowly start making people go
huh it the the rate cut trajectory is
actually slightly going up it's not
going down in other words we're not
thinking we're going to get four or five
or six or seven rate cuts the FED
originally told us they're going to give
us three rate Cuts now what are they
telling us I think they're going to make
this very very simple they're going to
go with something that implies two rate
cuts again why are they going to do that
I want to be very clear they're going to
probably move this to about 4.8 why
don't they just go all the way to five
well because if they do that again they
risk breaking something and then they're
forced to cut they don't want to do that
so they manipulate you they cook you
like the frog in the pot and boil you
and simmer you and lie to your face
about flexible average inflation
targeting I'm not
better
uh oh damn it so uh what what do we end
up getting okay a calendar it's very
very simple what do we have March sep
meeting no Cuts May no Cuts June what
are they going to give us over here over
here they're going to go to two
projected Cuts so they're going to go
from three to two in June they'll give
us a seep again because one month later
they could actually start Cuts if they
wanted to without a summary of economic
projection meeting why not use that
September uh or or sorry the sumary of
economic projections for June and
forecast one cut and then in July you
cut and pause and then you basically go
I don't know are we going to cut in
December or are we
not so what does this mean for long
growth stocks and you know the stocks
that are essentially High interest
ratees
resilient is you going to get a really
big crash Pro probably not are you going
to get some kind of pullback he toodle
probably are we setting up for the big
one probably not not yet not that
soon but can you go Allin YOLO on
interest rate sensitive yet nope
nope now of course you're going to get
the manipulation right you're going to
get the Elon Musk oh wa we're raising
prices uh March 25th prices are going to
go up for the model wide all he's trying
to do is pull demand forward into q1
because he knows q1 is poopy and then
they can always incentive away the price
increase of the thousand bucks they're
just trying to imply that the price cuts
are over it might work and I have to say
version
12.3 much better than
12.0 much better than 12.1 it's actually
very good it it's it's impressive it's
still there's some moments where I'm
like what are you
doing it's getting much further in
between you know each one of those sort
of like what is this uh moments which is
good still not obviously going to be uh
level five but uh in terms of uh the
autonomy it's it's the best on the road
now what does that actually mean in
terms of uh dollah hallas well Deutsche
Bank suggested maybe they're going to
finally lower their FSD pricing once
they wide roll out version 12 well that
would be smart they really need to cut
the pricing probably honestly to like 5K
now unfortunately I think elon's going
to get really stuck on this FSD number
because he really believes in it so much
so he's going to end up going for like a
10K versus a 12K and that's going to of
course be a mistake because it's just
not going to be enough especially at
these interest rate environments I think
they just get rid of The Upfront free
fee and make it passive income sorry
your last chance to get in Forever is
now uh and then the only way to get FSD
is pay monthly 9 9 bucks a month
whatever it is best SAS business from
Auto ever it'd be amazing uh we just we
just need a little fine-tuning there I
mean that's something that would get me
really excited again uh but anyway we
still need vehicular growth so anyway
we're starting to blend topics here okay
look uh this again just to be like put
this sort of nail in the coffin this
rejection there at 69 and then bouncing
along this trend line here this is
telling you people are nervous about
Powell they're not so nervous that you
know if we go out on the day chart yes
we've got the downtrend here but again
you go back to the hour chart are we so
so nervous no this is barely barely
considered uh you know anything other
than normal in Bitcoin I do like using
Bitcoin as sort of a leading indicator I
mean look at this does that look like a
correction to you no could it be the
start of something yeah but again I
think you got a pretty neutral jpow
coming this week uh with a slight
hawkish tinge thanks to the uh sep and
then yep we still need more time to be
data dependent but um these two
inflation reports in a row and wage
growth going up I mean we've talked
about it in the other videos I don't
want to rehash it but if you haven't
seen it yet watch those other videos and
you can actually see the data that's
making me go me Kevin me Kevin is going
oh my God what's happening yeah okay
watch those other videos uh anyway so
with that said thank you so much for
watching go to metkevin.com
life to get life insurance and as little
as 5 metkevin.com Weeble to use this
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go uh and then of course check out the
stocks psychology of money for all my
Buy sell alerts uh from the stocks and
psychology money group course member
live streams and of course the event
June 21st through 23 thank you so much
for being here we'll see you in the next
one goodbye and good luck adverti these
things that you told us here I feel like
nobody else knows about this we'll we'll
try a little advertising and seeo
congratulations man you have done so
much people love you people look up to
you Kevin PA there financial analyst and
YouTuber meet Kevin always great to get
you a
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