unbelievable

Hey everyone, me Kevin here. It's coupon

expiration night and we need to talk

about this Tesla robot interaction which

looks like it is doing full-fledged

artificial intelligence robotic I don't

know taekwond do or karate or whatever

we want to call it. We're going to break

this down because there's a lot going on

in this picture that may not be obvious

at first glance. I'm going to break it

down. In addition to that, Bank of

America tells us some crazy things about

the stock market. I'm going to give us

those first really quickly because

they're a little bit on the nutty side,

uh, in my opinion, but I think they're

quite interesting. Listen to just some

of these numbers. Won't take long. Look

at this. Treasuries market, sixth

biggest outflow out of the market ever,

which is crazy because yields were

basically stable over the last week,

which means people dump the crap out of

treasuries probably because we're like,

"All right, we're not going to get any

bad data." So, I guess yields are just

going to hang out here for a while. And

even Myin is like, "Maybe we don't have

to cut that much." We talked about Myron

earlier today in the other video. You

should watch it if you haven't yet. Uh

then global equities third highest ever

inflows ever.

Third highest inflows $114 billion in

the last 3-week period. Third highest

inflows ever. Global equity ETFs biggest

inflows ever. Tech inflows in the week

9.3 billion biggest on record.

Financials on course for the second

largest inflow ever. Healthc care at a

record inflow. Materials

annualized $71 billion inflow.

Clients at Bank of America 64.7%

stocks the highest allocation since

March of 2022.

March of 22 was when the Federal Reserve

started hiking rates. That's I mean we

started selling off in roughly January

2022, some stocks in December 2021 and

you had uh probably a good downturn for

about 11 months. You know, some stocks

bottomed later that summer like July,

some stocks didn't bottom until, you

know, September to November of 2022.

Remarkable. Bonds have the lowest

allocation since May of 2022, which

means people are giving up on bonds.

And cash now has the lowest allocation

since September of 2018.

Wow. That was right before, well

actually sort of right during the bond

market stress that really culminated in

the flip-flop by the Federal Reserve in

December of 2018, which of course I was

also covering and making YouTube videos

on, which is kind of crazy to think that

I'm now coming up on seven no actually

eight years of of covering the Fed, but

that was 7 years ago. Anyway, wild. So,

uh, some of this data I was just looking

at in addition to coming upon this,

which we need to break down here in

detail, especially where Tesla's

valuation is. Yesterday, I did, uh, what

I thought was a great video breaking

down what was going on with Tesla.

Obviously, the last couple days here,

Tesla's stock is down about 6%. Uh, we

we obviously expected that there would

be some buy the rumors, sell the news.

This is logical. This is this isn't that

hard to anticipate, especially when

we're, you know, relatively in no man's

land with the stock. There are no real

support lines around where Tesla's stock

is right now. Uh and and that's okay.

So, expect that volatility. Uh you know,

over the last couple days, we've been

talking about Tesla going to 414. Uh it

literally got all the way down to 416

today, which is remarkable. We did

though have a little bit more pressure

in tech and the Q's than expected. And

part of that was a concern about

institutional selling. Now, I thought

this was really interesting because

there are some folks who were

circulating commentary that are

suggesting institutions started dumping

stocks. Well, today and yesterday. And

there are a few tellt tell signs for

institutions dumping stocks, not just

here this tweet from first squad going

professional investors dumping US

equities. Institutional investors sold

$3.6 billion last week, biggest in three

months. Hedge funds sell for a third

straight straight week. Okay, we can

usually tell when institutions are

selling based on the time when when the

orders come through. Usually, this is

just a little bit of insight from

somebody who used to do institutional

orders, me. Uh, usually institutions

will set up orders

for market on open or market on close.

So, you're really not intraday trading

that much when you're running a fund.

You send your order to your broker

dealer or the person doing your orders.

They send it through compliance. And

there's so much bull crap that goes on

that usually you just mark the order.

It's not an ASAP order, but rather you

just mark it as

well, basically either it's going to

happen on open or it's going to happen

on close. Now, it it's really

interesting uh that you know this

morning in the alpha report, I was

really hoping that if institutions

didn't dump that we would see the tech

trade continue like AMD finally pushing

the 164 line. But unfortunately, what

happened is institutions dumped and so

AMD came right back to 164. In fact, you

could see it right here. Take a look

specifically at the cues and I want to

teach you this so you could see it

yourself. Look at the five minute chart

the last two days. Look at those open

cells. Now we did get this funky midday

cell here and we'll talk about that in

just a moment.

This is your open selling. This is your

open selling which is usually a sign of

institutions dumping. The only time we

tend to get intraday selling is when

things like, "Oh crap, the budget just

didn't get extended in the Senate. We

just didn't get the votes and all of a

sudden massive volume comes in to create

some form of intraday event that ends up

getting heavily traded." And keep in

mind, there are institutional traders

that trade during the day, but it's your

long funds that usually don't trade much

intraday. They're usually trading at

open and close. So anyway, we got to

talk about this uh this this Tesla video

because it's really really fascinating

and and it's really suggestive of like

some real progress here with these

robotics. We're going to talk about

that. Uh I want to quickly mention that

I'm just going to read it verbatim. This

morning I wrote, "The only way we don't

continue to QQQ 6:15 IMO today is if

institutions start to panic over the

lack of data." I even said retail's

going to buy the dip. And we explained

this in our live stream. Retail's going

to buy the dip, but institutions are

probably going to start getting nervous

about selling, especially when you got

this sort of fund manager flow, which is

insane. or I not even just fund manager

flow, just just broad equity markets

flow. These are crazy inflows into the

market. This is more than FOMO. This is

like turning to euphoria. And don't get

me wrong, I love it because like I mean

I'm I feel like every single day my

stocks keep making me money. I'm looking

at it. I'm like, dude, this is this is

not sustainable, but this is great. Like

I love this. I love my exposure to like

chip stocks or whatever or the 10 stocks

we're buying over the next 10 years. It

doesn't matter, right?

But institutions get nervous when we

don't get the data and not getting the

BLS data isn't great. Now, let's talk

about this regarding the Optimus here.

So, what I'm going to do is I'm going to

play this clip on the Optimus. Uh, and I

want you to think, do you think that

this is teley tea operated by somebody

wearing a suit or do you think it's

remote control operated by somebody with

a joystick? Um, yes. Spoiler alert,

there's a guy holding a remote control

in the back left. Second, spoiler alert,

he's not controlling the robot. I will

explain it in just a moment. Uh, and

then I'm going to explain to you Elon

Musk's reply here and what I think Elon

is not telling us. Are you ready for

this? And no, Elon's it's not going to

be Elon's reminding you that the coupon

daddy's bag expires and why I got to

change it sometime tonight. I got a lot

of crap still left to do. But anyway,

here we go.

Heat.

Heat.

Looks pretty cool. Pretty dang

impressive performance by the Optimus

robot there. Uh now uh there is a

question that is replied here which I'm

almost certain Elon was anticipating

that this question would be asked. So

here Elon goes Tesla Optimus is learning

kung fu. Here Devon Olsen writes

operated or AI powered. Elon writes, "AI

not tea operated." And when I first saw

this, I'm like, "Hm, that's pretty damn

impressive." Now, how long do we think

those actuators are actually going to be

able to last? Like, how many fights can

it go in before it a runs out of

battery? Not many. Less than an hour.

Uh, you know, how long before the, you

know, servos burn out, uh, or need a

break or overheat? Probably not long.

That's just sort of the stage of

robotics right now. That's really not

anything bearish. That's just sort of

where robotics are today. That's just

the nature of technology today. But Elon

said that this is AI. All right, then.

Fine. If this is AI, who the hell is

this guy with a remote? Well, I believe

that you see these rails up here. These

rails right here are stationary rails

that house cranes. They're basically

just crane rails. The easiest way to see

it is right here in this frame. See this

Optimus hanging from this crane right

here? I believe there is another crane

holding this Optimus. And as this

Optimus moves forward,

this crane gets operated to the left, to

our left, right to this person's right.

At the same time as the crane moves to

the left, you're going to notice this

guy subconsciously starts walking to the

left as well. A because he's going to

get whacked by this Optimus, and B

because he knows that he's not remote

controlling this Optimus. He's remote

controlling the crane. So basic here

you're going to see that you can see as

that crane is moving he is also moving

to not get whacked by the crane. There's

another crane. So this is pretty

obvious. He just seems to be on, you

know, let's just call it the x-axis

moving the tether for the Optimus robot

to the left or the right. Now, a lot of

people are very excited about the

behavior of this because, oh my gosh,

like the Optimus robot is is responding

to this person in, you know, a black uh

karate uniform and wow, this looks so

impressive. Okay, first things first,

this guy's wearing Crocs and um I I

don't actually know if they know

anything about karate. I'm I'm not about

to tell you that I know everything there

is to know about, you know, karate or

kung fu or whatever the hell we're doing

over here. But what what I will say is

the robot does not appear to actually be

interacting with the person. Now, that's

going to piss some people off, but I

will show you my rationale for why. I

believe that this robot has been uh

repeatedly trained to behave in the same

way. In other words, the robot is going

to start by, you know, doing a few

warm-up punches. Uh, and then we're

gonna get ready and then we're going to

do high block, low block, kick, high

block, low block, or something to that

element. I think the human is

choreographing with the robot, knowing

what the robot is going to do next.

The one of the reasons I believe this is

the robot is not actually even pointing

its head at the person. suggesting that

the robot is not actually responding

with artificial intelligence to the

person. Instead, maybe it was, you know,

trained to repeat a pattern with

somebody in a teleoperated suit and then

all right, we've recorded this pattern.

Now, go do this pattern over and over

again. And the human is now going to

sort of like engage with the robot for

the show. It's a good show either way

because it shows you sort of the

mechanics of where the technology is

going and uh the actuators and how

strong they are. But I'm going to show

you uh where the points are where I

think this happens. So, what we'll do is

we'll play this and we'll slow this down

in just a moment. All right. Ready? Here

we go.

All of this likely to me just a script.

Okay. Now let's go slow it down now to

0.25. So quarter speed. And I'll just

let it play and we'll narrate. Okay. So

we'll narrate here. So obviously this is

the initiation.

Now here that punch by the optimus. I

wanted to keep it playing but it's kind

of important to see this. This punch by

the optimus.

I think the individual in the black

outfit knows that the punch is coming.

But look at where the punch goes. The

punch doesn't actually go towards the

person. It goes out kind of in line with

where this X is over here. He's not even

over there. Now, he might be there. And

I think that's why he kind of steps into

it to get a little closer. Like, who

takes this punch? What kind of freaking

punch is this? I mean, I hate to say

this, but like who throws a jab? Like,

this guy's throwing a jab right here.

What is this? That's not even a jab.

First of all, this is like this is like

an arm lever punch. I've never seen

that. Usually, you jab with your forward

arm and this is like some kind of like

halfhearted

swat and you're not even making contact

with the Optimus in that in that moment,

right? So, watch watch the Optimus's

left arm. Watch this arm right here.

That arm's just going to get yeeted out

towards the X. Yeeted out towards the X.

This guy's going to like pretend to swat

it. Misses it. They totally miss each

other there. Now, the optimist then just

repeats, you know, because like I said,

I think this is a script, you know, you

kind of start and the optimist is going

like, "All right, like imagine you're

the person in black." The optimist is

like, "All right, execute script."

And like you're the person. It's like,

"Bro, this is just a script. It's not

even a good one." All right. Uh but but

anyway, then we get, you know, the right

arm from the Optimus, which is is I

think it was trained by somebody who

also doesn't do martial arts, just this

is a very bizarre fighting stance to be

in with this

half-hearted. It's not really a jab.

It's try like cuz a jab would be more

towards the head. It's more of like a a

body swat. Also, now we're getting a

lunge forward by the Optimus, which he

happens to know perfectly. Like, he's

already he already knows like, "Oh, the

Optimus is going to step forward." Like,

look at this. Like, as the Optimus leans

forward, this guy's already like, "Oh,

yeah, yeah, yeah, yeah." I mean, the

punch the technically this punch has

already come in here. And then this

guy's going to like, "All right, yeah,

hey, we're going to we're going to back

up here cuz we know exactly what the

Optimus is doing." Uh, in fact, you

could see him sort of raise his arm

right here to block the Optimus, which

what the hell is this? What kind of

attack is this? I mean, first of all,

his whole face is exposed. You just

punched the crap out of him with a jab.

If you didn't step back, you smoked this

guy in a fight already a long time ago.

Okay, but anyways, but but you know,

like who blocks while your foot is in

the air? You know, this is like the most

unstable foundation for a fight. This is

like embarrassing fighting. Like, please

get some people who know how to fight.

But anyway, it's like you're So, now

you're gonna air block the Optimus who's

also floating while this is happening.

They're literally both floating while

this funky air slap is happening.

And now, I mean, this this has some

potential here. some potential because,

you know, you could take a step and

lunge, but the problem is the Optimus

like sort of lunges its arm before it

actually steps. Like look at that. The

lunge is complete

and now we're stepping,

which is is not how you lunge, right?

Like if you're going to lunge, you're

going to right like you extend when your

foot hits the ground. Now, you don't

extend and then, oh I need to get

my balance.

All your power is gonna go away, right?

I get it. It's just a robot. I get it.

But come on, man. Uh, all right. So,

let's keep going here.

All right. Now, we're doing this insane

come and get me demo.

Now, we're going to do some things that

look cool. Okay. Yeah. Okay. Yeah. We're

going to lean back and and swap forward

to touch tips, I guess. Okay.

Predictable kick here. Yeah. And now

we're going to do this little fist bump.

And now I want you to push me.

Here comes the push.

And this is nice though cuz you do get

to see Optimus balance a little bit. I'm

not sure what that kick was for. Little

karate kick here or you know like karate

kid kick. All right. Good. Here comes uh

No, got to align with a little push

here. And oh, let's give him a little

push. This is This We got to give him

credit. Kind of good that these Optimus

robots can balance like this.

Big fan. Big fan. I give him credit. All

right, I'll finish. Oh, yeah. Shake it

off a little bit. And I'm ready to keep

going. I mean, it's it's obviously

extremely choreographed.

Fine. It's still really cool because

look at the darn thing. It could balance

on one leg. Yeah, it's tethered, but

that's because if this thing falls over,

all of this is like 3D printed cladding

that just makes them look cool. It's

going to shatter and you're going to

have to sit there for 4 hours and print

a new plate or more because some of

these are multi-piece molds. It's a pain

in the butt. Most of the tech here

though that I think is cool is the

balance. You know, I love the balance

we've got in the hips. Uh, I love what

I'm seeing in the mobility in the legs

and the arms. The whole thing though,

this is not this is not artificial

intelligence. I've got a guy controlling

a crane to make sure the thing doesn't

face plant. I've got, you know, a guy in

Crocs who's, you know, doing a

choreographed headband dance with a

robot. And I got a robot who has a

script who is, you know, presenting a

show of maneuverability. That's what we

have here. Uh, unfortunately, when you

only watch it once, it looks like you

have a robot that is,

how should I put it? Um, responding to

the individual, right? So, the first

time you watch it, you're like, "Oh my

gosh, the the robot is reacting to

everything the guy is doing. This is so

impressive." But the reality is actually

the opposite. The guy has done this

dance 27 times and he knows exactly what

move the robot's going to make. It can

barely hold its balance. The robot's

just going through its script.

Still, it's cool. Is it very impressive?

No. So this is unfortunately though

sometimes the MMO we get from Elon and I

liked it because initially I'm like oh

wow really that's that's pretty

impressive. Uh Elon discussing Optimus

robot learning kung fu moves through

AIdriven imitation not teleoperation

right that's actually interesting that

it mentions im imitation here. Uh I

didn't see this but I think that is I

mean I I think it's script. I think

imitation is a nice way of saying

script. This is to the extent that Grock

understands as well. But that's my take.

So I find it kind of interesting. I also

was looking a little bit here. I did

find it interesting as well that there's

this company here called uh Cerebis

Systems. They scheduled to IPO. They

filed this IPO, this S1 last year, and

uh they showed a net loss of $127

million, loss from operations of 133,

but they're a chip company, and they

actually just raised a $1.1 billion

funding round just a few days ago,

valuing them at $8.1 billion. And the

CEO said that when they were doing the

funding that their funding round wasn't

going to impact their desire to actually

go public and now they've withdrawn

their IPO saying oh yeah you know just

kidding we got all this funding and now

just kidding we actually don't want to

go public anymore

systems with request for withdrawal of

S1 which is really interesting because

it kind of makes me wonder like

like did you get your funding and now

you're like eh this isn't the best time

to go public. We're at the top of the

market. You maybe things are a little

stretched or, you know, are you guys

worried because you're going to have to

issue updated financials and now you

just took on a bunch of extra debt and,

you know, maybe we're getting to that

point in the cycle where people are

like, "Oh man, damn, these these AI

companies are just living off of debt

right now." I I don't know. I don't

know. Uh so definitely some interesting

things going on at this time of the

market. We'll be incorporating uh these

in our strategies in the Meet Kevin

membership. I have a bunch of lectures

to film this weekend. So, I'll be hard

at work this weekend filming lectures

and uh continuing with our house hack

renovations, which I'm very excited

about. We're kicking butt on. You watch.

We did a little house hack video, too,

if you want to see those. And um yeah, I

might take a little bit of a nap and

then get to that uh get to that coupon

code. So, it might still be active when

you watch this video, but um anyway, go

to mekevin.com and I'll change it as

soon as I can. Appreciate y'all being

here and cheers to the Toppo.

>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Praath there, financial analyst

and YouTuber. Meet Kevin. Always great

to get your take.