HOLY CRAP | Cathie Wood just said THIS about the Market

hey everyone kevin here so earlier we

talked about how weird it was

that the treasure yields went down after

we had a higher than expected jobs

report

850 000 jobs versus 711 000 expected

and now this morning we posted a video

talking about our thoughts regarding

what's happening here and my some of the

big bottom lines which it's i think it's

important to watch that video to see

some of the details but one of the

things i talked about was

i think the bond market is pricing in

lower inflation

more than they're pricing in the risk of

a taper

which would mean less fed buying bonds

which would mean rates should go up

but because rates are going down the

market's actually pricing in

more deflation and we talked about uh

some stats related to the unemployment

report

showing us that so watch that video if

you want more details on this definitely

watch that video

but kathy wood just came out and also

made a video

talking about how it's weird what's

happening in the bond market in fact her

video has

bonds in the title which is a really

boring word but she's hitting the nail

on the head

it is very weird it's raising a big

eyebrow in terms of a shift in the

market

i had the same exact suspicion and

that's why i went deep and made that

video this morning

kathy wood starts off by saying guess

what

we think the bond market might be

sniffing out deflation

that is the bond market starting to

price in deflation this is

literally what we talked about this

morning and i'm not trying to pat myself

on the back going kathy watches my

videos

i i think people who are really looking

at these numbers

are going yeah yeah that's that's what's

happening we're we're

hitting a turning point here and i know

like 50 of you don't believe

that we're gonna see deflation it's it's

no no we're going to hyperinflation

listen to some of the things here

because kathy's added some really cool

stats okay

first and i'm gonna go through some of

the things she said and add commentary

first she mentioned well this is the

sharpest and shortest recession we've

had

since world war ii and it's probably

because of

well i mean it's it's coping we panicked

shut everything down

we hit rock bottom and reopened very

quickly she also believes that the risks

for taxes going up capital gains

corporate taxes going up are

lower even though we're closer to a

stimulus package happening than we have

had before or have been before now

here's a big one

so the rate of money growth how much

money printing we're doing

last year we added 26 that's a lot

of money printing so far this year we're

at and

you don't want to like go half or this

is a rate okay so half it's not like

this number's gonna be doubled because

we're only halfway through the year

so far the rate of money growth is 13.8

which the rate is half as much as it was

now it's still twice

normal but basically we had a ton of

money printing

and and now we're seeing that decline of

money

printing happening and the bond market

might be starting to price this in

now what's fascinating is she goes on to

she talks a little bit about oil we

don't talk too much about oil on the

channel i'll just throw in some quick

mentions here

but she mentions that because oil prices

are so high right now and she

she mentions like oh we thought oil

would crash much much sooner

than this and it's just not crashing we

were wrong on this she goes on to say

hey but you know what the good thing

about that is

the good news is if opec is trying to

keep oil high right now

they're actually going to be shooting

themselves in the foot because they're

going to encourage

more ev purchases more electric vehicle

sales

and they're going to destroy their own

oil

demand basically demand destruction she

called it

and now she was getting ready to say how

much she thinks the cost of

or a barrel of oil is going down to i

thought okay we're at 77 now what 40 50

bucks is what i was thinking

she said no 12 dollars a barrel is what

she's expecting

super super bearish now she also

mentions

this morning she didn't mention my part

so i guess maybe she didn't watch my

video darn

uh but my part had to do with the rate

of

wages going up slowing down so less

inflation right watch that

the detailed video this morning on this

it'll explain this so well

she picked up on which i mentioned this

morning on the live stream i'm like oh

interesting construction is down

she took this further beyond mentioning

it she's like wait a minute

construction down small business

employment down

over time down average work week down

slightly some of these numbers down

pretty slightly 0.3

for overtime average work week

construction jobs small business jobs

things like this

this is a sign that that maybe we're

getting a little bit

less of these pressures at small

businesses

especially businesses needing to sell

products and manufacturing

that maybe we basically bought all the

stuff that we're going to buy

during covent we bought our new shoes

our new shirts our new laptops our new

you know tvs and our home computers and

all this and we got all the goods

now it's time to maybe start spending on

services now she didn't mention this

specifically and go into companies but

this is this is something that we saw

with apple

and this is something i talked to course

members about this morning i said i'm

really worried about q1 2022 for apple

because i think people have already

bought their ipads and their iphones and

their their computers it's like i don't

need a new computer every single year

so i think next year's comps for for a

product

companies are gonna be bad and we've

been talking about this even in the live

streams

uh and so the fact that she's mentioning

she the

shift to product or the shift to product

consumption that we've had

that has grown from our economy being 31

products to 41 products

is going to slow down and that is going

to hurt businesses that sell

a lot of goods and that consumption she

says may disappoint

now she did say the market overall is

very strong i mean the fact that we went

through the archagos 20x leverage

disaster

where i mean essentially they were way

over leveraged up to 20x leverage at one

point

and uh their their firm basically went

bankrupt that that didn't create more

collateral effects

and damage the market is a really good

sign that we

stood the test of something that could

have been as bad as like a 2008 or 2009

or something that could have spawned

something that bad

so this is very very good but she

mentions look valuations have corrected

texts come down we've seen a lot of

stock valuations come down over the last

three or four months

they've recently been rebounding but

this is actually a good thing because it

gives you an opportunity to invest

at a lower price and it gives you a

higher rate of return going

forward this is why we've been buying

like crazy over the last four months

and i know that kathy wood has as well

uh both transparent about that which is

awesome now i know i keep comparing

myself to kathy wood

i'm not trying to say i'm equal whatever

she's got a wonderful fund she's got

billions of dollars under management and

i'm very supportive i

think different thoughts in terms of

some of the investments they make but

that's okay that's what makes the world

cool

so what else does she say she believes

that right now the bond market is seeing

a deflation oh she reiterates to talk

about bond marketing deflation we

already talked about that

she talked about tesla sales being up

being a really good thing i think she

kind of misunderstood a little bit of

what's going on on the tesla website

she was really excited about the tesla

website having a semi truck on

the press release and she's like this

press release has nothing to do with a

semi truck why is there a picture of a

semi truck on it

and uh and i'm like oh that's

interesting so i went to the website

i think somebody like one of her staff

printed out the the press release for

tesla for her

and it had the picture of the tesla semi

truck on top she's like this is

this is tesla going our semi's coming

don't worry now i think she's right

about that message

but they changed the banner on the

investor relations page on

every single press release so every

press release that you would go in

and print now has a tesla semi so i

think that was just um

like here's the press release casting oh

there's a semi truck on the top

i think that was more web design than

messaging but hey you know what

i i agree with uh captain spirit on that

one

now uh oh this was big okay i talked

about this

on the channel last week and i also

talked about this with

a staff at block five which remember you

can always get 250 dollars for free if

you go to metcalf.com

bf and i mentioned to staff at block

fight go you realize

this latest crypto pullback that we've

had and we've talked about this on the

channel as well

a 50 pullback has been a wonderful i

think we even talked about some

millennial money

has been a phenomenal test to the

ecosystem we just sold off

50 here we are we're worried about debt

in the crypto ecosystem but we just sold

out 50

that's freaking amazing that we're

totally fine after a 50 sell-off right

so we get this 50 sell-off in crypto

we're still fine uh

kathy picks up on the same thing she

says it a little differently she goes

look

our ecosystem got cut in half and we

ordinarily would have

massive counterparty risk which is

basically if somebody else has lent

something else

swap contracts derivative contracts blah

blah blah blah and nothing happened

like crypto did not skip a beat which is

what she said i've

pointed exactly this out too like this

is this is a really good test this is

why i'm buying

now in fairness bitcoin the average

bitcoin buy-in price

has been somewhere around 35 000 over

the last six months

so that means we never really fell that

low right if we went down to 19 000 and

we're like almost

half of the average buy-in price i'd be

a little bit more nervous about

liquidations

and defaults but still we went from a

high of 64 to you know 29 there for a

day

that's that's a really good test in my

opinion so

this piece by uh kathy over at arc

honestly it is so

like this is what you should be doing

when you're watching youtube videos

because it is so

awesome to go uh

come up with your own opinions about

something then listen to

other people's opinions about it whether

that's kathy whether that's me or other

people you listen to

and then compare your thoughts and ideas

and go ah yeah

yeah okay i agree with that oh i see

that a little differently now

so i am very glad i'm in alignment with

kathy here on almost everything she

mentioned

uh this is this is very exciting and a

lot of the things are things we've been

talking about over the last couple weeks

uh two to three weeks as we've been

seeing this sort of weird shift in the

market so

very interesting to me let's see how

things go moving forward

folks if you want to get up to 250

dollars with blockchain use that link

down below

go to mckevin.combf and we'll see in the

next video