okaaaaay

I had a whole like 18 minute video to

break down CPI and retail sales and I'm

like this is way too long let's be clear

about what happened we got CPI that

basically came in at the same lumpy

expectations that the market had it led

us to now price in 1.8 to about 2.0 rate

cuts for the Year this isn't like

screaming yay inflation is gone like it

was at the end of last year when we had

6 months in a row of really bullish

numbers uh but it's also not screaming

this second wave is getting worse you're

really being led by still those core

services like car insurance but if you

actually look in the details you're

starting to see car parts used cars new

cars those prices are coming down it'll

be a matter of time for car insurance to

come down it'll be a matter of time for

those stupid I don't know why they do

the math like this but owner equivalent

rents to come down it's stupid we

already know rent are basically flat to

declining across the board it's all just

a bunch of fugazi bull crap nonsense but

look the reality is JP leaked what he

was going to do today okay now let's

talk about that I just have to remind

you that first of all faay futur is like

freaking doubled after we got some call

options on it yesterday boom let's go

from out of the money to in the money if

you want those trade alerts make sure

you're part of the stocks and psychology

of money Trading Group uh linked down

below or go to me kevin.com keep in mind

I can't promise that every single trade

is going to be a win I do my best every

single day yesterday was a $60,000 day

really really excited about that we got

an awesome move on Faraday Futures today

we'll see how the rest of trading goes

today so I'm really excited about that

uh so check that out coupon does expire

tonight but JP look he made it clear

yesterday he's like look inflation mixed

bag we're going to need more than a

quarter of data now he's kind of going

into ah we need more than a quarter of

data first it's uh one report doesn't

make a trend then it's two don't make a

trend then it's three don't make a trend

well how many is it that's going to make

a Trend obviously this inflation report

really you know what it does for us it

just says we're not going to get hikes

cool not going to get hikes thanks JP we

already knew that so is this like really

Mega bullish for the interest rate

sensitives no uh you know if we got

under what we put in our Trading Group

uh is we set ideas like if this then

that for what the report would come in

at and uh what we wrote is if inflation

came in under 0.25 you want to go like

Mega Bull on the interest rate

sensitives we at three so we we we

didn't get sort of that Mega bull level

uh so you're not there then you got

super weak retail sales uh you know with

with basically negative retail sales to

some of the categories we don't need to

go through all the details you could go

to ec.com and see them yourself but the

point is the consumer is weakening that

is still a factor everybody seems to

forget that 72% of this economy is made

up of a consumer China seeing it

alibaba's complaining saying people have

money but are are they willing to spend

Starbucks and Walmart well Walmart's

going to tell us tomorrow but Starbucks

and McDonald's are telling us the answer

is no now people are saying oh but

people are moving to Value Kevin so just

buy the stocks where there's value

that's fine but if people show up less

guess what happens they overall spend

less and that's how you get a negative

GDP two quarters in a row combined with

joblessness you're in a recession that's

why the yield curve is still inverted by

32 is Basis points uh and the reality is

we're we're not out of the woods now is

this bearish the report that we got

today no not really it just sort of

kicks the can down the road inflation

expectations dropped to 2.3 on the 5

years so this it's just a kicker it's a

kick down the road that's the bottom

line here what it is kick down the road

we didn't really get good Clarity and

we're probably not going to get good

Clarity until quite frankly the second

half of this year JP's been saying that

whether you believe him or not the

reality is the S&P 500 and the NASDAQ

are at alltime highs right now alltime

highs now if you adjust for inflation

we're actually still like 8 points on

the cu's off of alltime high so there's

still like room to go which seems like

remarkable incredible but it's true so

still got room to go all on on growth on

these but the volatile Nike Swoosh

swoosh is continuing under the premise

of well this isn't bad news yet so the

party can keep going so I'm cautiously

optimistic because I'm still concerned

that housing inventory is going to

explode prices are going to come down in

certain areas esec especially Texas and

Florida I think it's bad

uh uh less so were you underbuilt during

covid like California uh and and some of

the blue States you know the ones

everybody always bags on see everybody

bagged on them and then they underbuilt

on those areas and that could actually

keep a you know floor under pricing it's

like a support line uh but um you you

know you've got some companies doing

extremely well we we were just did an

analysis on

monday.com and the SAS business for them

is absolutely killing it especially

among small and medium businesses you've

got uh again suffering on the consumer

discretion Aries including what you

would think would be more staple esque

but that's not a surprise consumers are

under pressure it's just a matter of

time another big round of layoffs and

you're potentially in a recession so I'm

C cautiously optimistic if I had to put

it on sort of like a percentage of where

I am like zero is bare uh 10 is bull I'm

probably like five and a half six right

now like I'm I'm not Uber bull Uber bull

is like March of 2020 we're going all in

vshape recovery money printers coming on

let's go baby uh lever lever me up give

me

margin uh you know and then there's

there's um January of 22 which is I'm

going cash right that would be your zero

so I'm kind of like in in that middle

range right now where I'm cautiously

optimistic we don't want to go into

recession we want to be bullish but we

need this data to come in better and

unfortunately it's just going to be

another month we're lit that's that's

the bottom line kick the C down the road

another freaking month why well frankly

you don't have any Catalyst left right

now jobs June 7th okay well that's like

three weeks away Nvidia a week from

today okay well that doesn't tell us

much about inflation yeah it'll affect

the AI Market you know Dell's breaking

out great they keep getting Morgan

Stanley upgraded them based on momentum

okay so now we have institutions

upgrading stocks because the stock is

going up sounds a lot like the Nicola

days JP Morgan oh we're upgrading Nicola

because it's a good

story it's all it's all ludicrous maybe

it's all rigged too I I don't know but

uh what I do know is there is an

expiring coupon code today that I know

with certainty uh email us at staff of

me kevin.com if you need to bundle up I

think the next Catalyst June 7th you

marked your calendar for that you marked

your calendar for the expiring coupon

code today you marked your calendar for

NVIDIA on the 22nd uh mark your calendar

for the 12th that's the next fed day and

CPI day and uh I mean really sure we'll

get like Walmart earnings but who cares

uh we just have to wait now to see where

are the layoffs no layoffs we could just

keep slowly melting up dare I say the

slow molasses level melt up in the

market it could keep going and going and

going and

going anyway uh folks I really

appreciate you thank you so much as

always for being here and constantly

supporting the channel a lot of folks

have been asking how the family is

really good if you haven't yet gone on

Twitter you can go on Twitter you could

see uh some of the family picks uh real

meet Kevin or follow me on IG sometimes

they post stories there uh or or just

pictures but uh right now you could find

this one on uh on X you know Twitter uh

take a look at this we got Violet uh she

was born 22 24 then you've got summer

right here look how tiny she is this one

right here summer and violet are

identical they are identical twins uh

now they don't necessarily look exactly

identical because they um well one of

them weighs like 7 pounds and the other

one weighs like 10 lbs you know this

one's you know 40% behind she's got a

little work to do she's got some

catching up to do so uh she's still on a

feeding tube as well it's disconnected

for the photo uh then you've got uh she

does feed by bottle as well it's just

sort of supplement it then you've got uh

Ella uh everybody says she looks like

Jack then you've got

uh Claire right here and then the only

boy of the batch of five right here is

Jay uh yeah we did uh people always ask

about the timing too we did have a

little timing oopsie we did not mean to

have five this close together uh the

like basically we're supposed to have

two like two years apart from the other

two so it sort of like two and then two

years later two um let's just say there

was a big oopsy dupsies and then uh

there was a spitzy dupsies which made uh

two babies turn into three hence the

identical uh but uh as a result we have

uh you know beautiful summer and violet

and Jay and Ella Claire so now we just

got to dress them all up in house Haack

shirts which um uh the subscriber was

was so generous to uh send me a bunch of

those so we're going to we're going to

do that we're going to send them up or

dress them up in those and we'll have to

post a new picture so anyway thank you

so much folks uh good luck out there uh

I think uh cautiously optimistic the

Melt up continues and um

I guess no news is good news why not

advertise these things that you told us

here I feel like nobody else knows about

this we we'll try a little advertising

in crgo 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 your

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