f$cking rug pulled | complete collapse

well folks i'll be damned today is not

one of the best days in fact we've

already had a little bit of a

double-double of this in the course

member live stream so if you want some

entertainment you can always check out

the programs of building your wealth

link down below

where we have uh phenomenal and

insightful discussions every single day

no matter what the hell is going on uh

today obviously is a bad day though for

many reasons first of all the qqq is

popping off of the zero percent

fibonacci second of all uh tesla is uh

crashing and uh third of all uh

two core individuals who are helping me

with my uh series a launch that's coming

up uh decided to uh to go get a

different job uh right before our uh

our launch uh probably one of the most

disrespectful times you could possibly

leave a company but oh well i'll handle

it myself

and with the other employees that i have

no problem no problem plenty of

fortunately course members have also

reached out offering uh to to come and

help and so we're going to have a great

opportunity getting everything back and

rolling

so if you are waiting for that series a

information we're still

probably 45 days or so out uh for more

information but you can always drop your

uh email in at uh medkevin.com series a

and you'll be uh informed of all of the

news there once it's ready now

uh qqq this is the zero percent

fibonacci line this is uh

quite quite unexpected

uh at the same time as we had

a few bits of news this morning we had

inflation expectations by consumers come

out

less than expected one-year inflation

expectations for consumers came in at

seven and a half we were expecting 7.8

those are still very very high numbers

don't get me wrong but they came in

lower than expected this is a sign that

what the federal reserve is doing is

working the yield curve the 10-2 yield

curve is steepening we are at a spread

of 21.67

basis points this is a sign of what the

fed is doing is working

the five-year break-evens this is the

market's expectations for inflation have

fallen they're at 3.26

actually slightly lower this morning

about 3.24 but anyway on the day they're

still down

these are actually very very good things

in addition to this the consumer

continues to spend money uh ridiculous

amounts of money and that is actually

why we're seeing a hawkish fed because

the consumer continues to spend money

we saw fewer packaged goods being

purchased by ups although at higher

prices but

we did learn

that for example from from jetblue we

expect demand to be substantially higher

this summer than even in 2019

and other companies as we've been

reporting over the last couple weeks are

all indicating that consumers are still

spending money like crazy

great

however the stock market doesn't care

because the stock market is pricing in

recessionary fears and fears of greater

rate increases

unfortunately that is also hitting tesla

which we're going to talk specifically

about

tesla and what's going on with tesla um

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regarding the fed rate monitor

we're sitting at uh a 100

97 chance of a 50 basis point hike in

the next meeting that'll bring us to

0.75

we are sitting uh 0.75 to 1. we are

sitting at about a 97 probability of a

25 basis point hike in june

uh and another 97 probability of a 25

basis point in july another 25 basis

point at 97 in september

another 25 basis points at uh 92

uh

percent for november with the

possibility of actually seven percent

not raising rates uh in that segment uh

but then the uh eighty percent chance of

being at two percent by december two to

two and a quarter percent uh and uh and

then there is even though the

expectation that the fed's gonna get to

about two and a half by the end of the

year which the market hasn't has not yet

priced in the second 50 basis point hike

so i think that's probably some of the

pressure that we're seeing right now but

we're also seeing substantial pressure

on tesla one of the reasons we're seeing

the substantial pressure on tesla has to

do with obviously elon musk winning the

twitter bid and the reason for this is

elon musk has raised money for

twitter in a few different ways uh elon

musk has here we go elon musk has raised

13 billion dollars in

debt from morgan stanley and others he

has raised

21 billion in equity financing this is

expected to be shareholder partners and

remember this deal is probably not

likely to close for a few months so elon

probably has time to get that 21 billion

in equity financing together this would

be like hey we got 2 000 shareholders

everybody throw in 10 million dollars

and boom we got our uh our 20 billion

that we need roughly probably closer to

10 and a half mil each person

uh and then uh you've got about 12.5

billion in loans against tesla stock and

there is the concern that if tesla stock

falls that elon musk could get margin

called on this because he's pledging

about a hundred billion dollars in tesla

shares as collateral and we don't know

exactly what the margin requirements are

on this and this is now leading to this

speculation that elon is either going to

sell or dump tesla shares or margin

against those tesla shares

for the benefit of his twitter

acquisition uh or possibly even that

this twitter acquisition will just

distract from elon musk because he's got

the boring company spacex tesla now

twitter uh and uh and this uh

individuals seem to think that this is

this is too much for elon to handle uh i

think people forget that when you're a

founder led company uh your your goal is

to direct other individuals and

employees and be a visionary not to be

the day-to-day uh manager but anyway uh

in addition to this we had a very

disgusting uh

opinion piece in bloomberg this morning

and uh basically the bloomberg article

complained that uh tesla receives 90 of

their revenues from come from making

cars geez imagine that a car maker

getting 90 of their revenues for making

cars and because their revenue is not

very diversified

they're vulnerable to the kind of market

effect that hit netflix and facebook and

that and even nvidia and that even

though nvidia is already down 40 percent

uh tesla's only down 20 and so they may

fall more and so after the publishing of

this in addition to tesla being

potentially vulnerable because of the

twitter deal maybe having to sell shares

tesla was now shoved down 11 on the day

the tesla was flat this morning before

this article posted

uh and then of course uh you know we

have the sec filings we're running the

21 bill and so on but we've already

covered that so uh yeah that is

something that's going to weigh on the

nasdaq which then becomes

self-fulfilling and then you see the

nasdaq sell off more and so what do we

have we have the nasdaq bouncing off the

zero listen

i made a trade in january i am well

profitable on that trade probably up

three to four million dollars on that

trade and i avoided substantial other

losses on that trade i'm very happy with

the trade i made in january

however this has led a lot of people to

believe that i am now a trader that

that's what i do is i just cycle my

portfolio in and out this is wrong

i believe this market is still

strong i believe the consumer is still

strong and i'm not betting against

america i'm not betting against tesla

i'm not getting betting against uh you

know tesla trade desk google whatever

i'm in this market

and so i bought more shares this morning

i'm not running away

just like i don't run away

from the person

who's set me up with

uh more than six figure salary paid

vacations paid trips paid entertainment

and everything and only asks for hard

work in return only to get rug pulled

before

launching a new company

that's pretty disgusting

uh unforgivable as we like to say you

know then some people like to say hey

but kevin you know you point the finger

three-point back at yourself fine maybe

i demand people work hard

but i pay well for that

and so if somebody can't work a hard 20

hours i'm sorry hard 40 hours right 40

hour work weeks and because instead they

want to work a lazy 20

then you don't belong here anyway