The Coming Stock Market HELL — Mark **THIS** Date!
FULL TRANSCRIPT
hey everyone me kevin here so obviously
the market's a disaster i'm just hopping
on a plane obviously now i can have a
market closing live today however i
wanted to talk about a few things first
this is the largest downtrend that we've
now seen over these last five months
since the great financial crisis bitcoin
is at an 11 month low the whole terror
disaster this morning did not help if
you did not yet watch my video on tara
make sure to go to meet crypto uh you
can also see my community post on this
channel and you can see everything that
i think about it there are a lot of
rumors and speculations that take that
even to the next level but that gives
you a really good baseline about the
fundamentals that'll help you out and
then you can kind of layer the
speculation on top of that uh bitcoin
obviously falling because of or at least
in part terra but also macro right we've
been through five months of hell we've
now broken every level of support and
there's really this level of malaise in
the markets to where you know markets
are bad when people who don't usually
talk about the markets daily
are texting you or calling going hey uh
what the f is going on
like even when i call jpm to execute
trades because i'm still trading and of
course i while trading or investing uh
i still send all those alerts to
everyone in the stocks and psychology
money group and of course real estate
lectures and new videos coming out
because we've got a lot of work to do
for real estate towards the end of the
year remember there's a coupon code
expiring for that in five days uh that's
coming up pretty soon here would be the
largest price increase ever and that
kind of matches the largest inflation
we've got right now which we'll talk a
little bit more about that in just a
moment but uh more importantly i want to
focus on some of these these additional
uh pieces of data here oh uh i was going
to say when i talked to jp morgan
they're like yeah um
this sucks like they're not having any
happy phone calls with clients right now
like nobody's winning the people who are
winning or are people who are just cash
cash that's the only thing that wins uh
even treasuries uh yeah you know we see
the yields going down on treasuries
right now so there's some sign that
people are trying to jump into
treasuries for safety but we see those
things get sold off every time they run
so there's really no safety it feels
like other than cash uh and again i
think and i've mentioned this a million
times so i'm not gonna really belabor
the point but
bottom line
if you're in cash and the only thing
you're buying with it are stocks that
are going down you're actually gaining
purchasing power not losing it to
inflation so ignore those people who are
like oh
cash is charged it loses money to
inflation dude no no it doesn't nobody's
coming to my bank account taking it away
like no that's wrong it's your your
money loses purchasing power if you're
buying airline tickets though
oh
anyway
okay so here's some facts to know about
today so far retail investors are still
buying right now thursday we had 2.58
billion dollars of inflows however we're
starting to see some signs of cracking
the inflows are no longer as robust the
average retail investor is now down 28
over the last five months uh their their
net port i'm sorry the average retail
investors current portfolio is out of
the money 28 that means you're upside
down 28 is the average retail investor
uh we were down as far as 31 during
march of 2020 but you know during covert
that happened in two weeks now it's
happened over five months and it just
i almost kind of preferred the the two
weeks because it was just a lot quicker
it was less painful for less long right
anyway retail capitulate a capitulation
that this is a really important point
that you want to pay attention to
usually occur statistically according to
vandertride after five days of negative
breath
negative breath is when you have more
cell orders than you have buy orders
more shares being sold than bias that's
negative breadth not to be confused with
like meat breath anyway
we are now coming on our third day in a
row of negative breath that means
potentially
tomorrow
or friday could be that fifth day
which then can lead to retail
capitulation and that could be one of
the sharpest drops right now uh most
retail traders are still buying towards
the end of the day institutions seem to
be buying or selling at the beginning of
the day
retail is focused on buying calls
and institutions are buying puts all the
calls i bought have gotten destroyed
recently of course obviously in the past
i've done well with calls but not
recently
uh 10-year treasury we said that
following we already talked about that
and uh what's what's really now
magnifying this general malaise in the
market is the fear that the fed's going
to have to rug pull us that we are now
seeing service inflation and inflation's
not coming down as quickly as hoped or
expected and that's a problem because
when airline tickets go up 18 to 20 per
month over and over and over again at
some point you just need to get people
to stop spending money and
to prevent a stagflationary environment
and so or potentially even create it
geez that'd be the worst uh and what do
you end up with there uh potentially an
intermediate fed rate hike i don't think
that's going to happen but the market is
now pricing that in especially since uh
this morning jim cramer started yapping
about the idea that uh we could have an
intermediate rate hike that they just
need a rug pulse basically and go for a
100 basis point hike or whatever i don't
expect that to happen but if we get ugly
ppi tomorrow producer price inflation
and then we get bad consumer
expectations on friday it's gonna suck
sounds like uh it's time for me to go
but anyway look i'm gonna whisper in
over here no flight to safety well there
is no safety right now other than cash
there's so much malaise that the only
thing that i can say that keeps me like
somewhat sane
is buying a little bit because every
time you buy a little bit
you're not likely
good luck everybody this does suck
it's a horrible time
and i'm sorry i wish you all the best
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