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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding a professionals

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Speaker 1: It might seem boring to safe plan and make calculated

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC.

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Speaker 2: Erness What's Up?

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Speaker 1: You ever walk into a small business and everything just

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Speaker 1: can keep pushing your vision forward.

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Speaker 3: What are your predictions for the market performance in September

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Speaker 3: as we approach this historic presidential election.

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Speaker 4: I think we'll have anywhere from a five to uh

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Speaker 4: eight and a half percent pull back. I'll give out

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Speaker 4: a price joinstock Club, go to invest dot com. Yeah,

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Speaker 4: we have a five to eight percent percent pullback in

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Speaker 4: the market.

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Speaker 2: There'll be some turbulence. There is to go.

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Speaker 4: Look at the Stock Market Almanac. You can get an

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Speaker 4: average to know how far we'll pull down. I'll call

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Speaker 4: out a price here. It may be my last price

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Speaker 4: I call out for the year, go to the universe

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Speaker 4: dot com. If you want all the prices, yeah, listen.

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Speaker 2: If y'all want to argue about the prices, then let

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Speaker 2: me take it away.

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Speaker 1: Mike, give me doe scream real quick. All right, So

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Speaker 1: any I want, I want to get your pain.

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Speaker 2: I saw this question. I'm like, all right, because.

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Speaker 1: We always talk about market catalysts, and this is an

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Speaker 1: interesting time.

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Speaker 2: August twenty eight. We know that Nvidia will be reporting

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Speaker 2: their quarterly earnings. They will knock it out the park.

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Speaker 1: They're gonna not wait, all all signs of pointing to that.

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Speaker 1: Is this the market catalyst that obviously the nastacle need,

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Speaker 1: but the overall market in video being an S and P,

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Speaker 1: is that the catastm we need. In addition to the

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Speaker 1: potential rate cut from the Fed, you're saying pulled back

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Speaker 1: at least.

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Speaker 2: For the first half.

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Speaker 1: What are you thinking about that at least the first

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Speaker 1: half of the month.

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Speaker 2: We're not getting a rate cut. No rate cut.

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Speaker 4: I'm why would they give it now to skew the

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Speaker 4: election in one favor or another, Like it's tough?

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Speaker 2: And then okay.

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Speaker 4: Credit card debt record high, debt to GDP ratio record high,

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Speaker 4: the interest rate payments are higher than our military spending.

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Speaker 4: So if in video is a tooth pick, that's like

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Speaker 4: keeping the burglars outside of the door. They're just finding

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Speaker 4: ways to delay the information until later. So now you're

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Speaker 4: gonna need.

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Speaker 1: The unemployment number right, number one, as they're a live

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Speaker 1: But I'm given the wives we're talking about, right, we're

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Speaker 1: talking about the prices of products and consumer goods coming down.

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Speaker 1: These were like when we saw what happened uh last week,

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Speaker 1: with that, we can call it a correction. I almost

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Speaker 1: felt like it was a certainty they're not going to

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Speaker 1: let this thing go out without doing a cut. And

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Speaker 1: everybody is now saying September. You say no, September.

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Speaker 4: Okay, they were supposed to have eight cuts. We haven't

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Speaker 4: had six. Six, We haven't had one paper cut, we

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Speaker 4: had one small abrasion yet, all right, So I think

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Speaker 4: Nvidia is going to knock it out of the park

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Speaker 4: though and tell you that we'll be good there.

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Speaker 2: But I don't think there'll be a cut in September.

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Speaker 1: If there is one, do you change your stance?

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Speaker 2: Yeah, okay for sure. But based on the.

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Speaker 3: Should we treat crypto like our given its high volatility?

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Speaker 3: Is it wise to invest in it for the long

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Speaker 3: term considering the unpredictability.

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Speaker 2: I love this question, and let's keep the US side

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Speaker 2: by side.

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Speaker 4: The market, crypto and options are all predictable since nineteen

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Speaker 4: seventy There are fifty two trillion data points of information

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Speaker 4: that have been put out since the hedge funds are

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Speaker 4: majorly invested into the top four their stability there. Options

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Speaker 4: and crypto are only tough or unpredictable if you don't

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Speaker 4: know what you're doing.

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Speaker 2: Like the risk of now. If you talked about all coins,

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Speaker 2: that may be different.

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Speaker 4: But if you're talking about bitcoin, Ethereum, Cia, Solana, it's

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Speaker 4: very predictable, very predictable. Options, very predictable. Take the risk

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Speaker 4: off of the table. What writes this down. What matters

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Speaker 4: more than anything is your risk profile on no trade

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Speaker 4: risk more than twenty percent at maximum. Ideally you want

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Speaker 4: to risk one point six percent of your account. But

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Speaker 4: I don't think the crypto or options market or the

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Speaker 4: stock market is volatile. Like how they say this great question,

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Speaker 4: But we've told you for years what to do, and

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Speaker 4: you guys have made money for that. And truth be told,

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Speaker 4: I made a lot more money than your advisors on

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Speaker 4: whoever you are paying too by fucking far not that hard.

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Speaker 2: It's not.

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Speaker 4: No, Yeah, everything is hard, okay, Like running a media

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Speaker 4: company is incredibly tough if you don't study the media

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Speaker 4: landscape and what to do correct. Kind of like once

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Speaker 4: you follow a blueprint and have a framework, there's some

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Speaker 4: semblance of.

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Speaker 2: Stability there based off the framework that you create.

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Speaker 4: Oftentimes traders or investors they want to they heard about

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Speaker 4: Solana or a mean coin, and they want to jump

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Speaker 4: in like everyone was bowing us up. Thank you for

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Speaker 4: everyone who watched the episode last week. But why panic?

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Speaker 4: If you've been listening all year, I don't want to

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Speaker 4: talk to you now about what.

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Speaker 2: Do you think your Japanese carry trade is? Just like Nagasaki?

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Speaker 2: What are you talking about? Yo?

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Speaker 4: The games have already been priced. It in August and September.

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Speaker 4: Should start your investing calendar year? Truth be told, it

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Speaker 4: doesn't start in January. Should start in August and September

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Speaker 4: when as a pullback.

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Speaker 1: So I'll say to the part, where should we treat

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Speaker 1: cryptos like options? I think if you've listened long enough,

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Speaker 1: the answer would be no. And here's why you're not

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Speaker 1: going to treat it like options Because options have expiration dates,

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Speaker 1: and anytime we've told you to invest in the crypto space,

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Speaker 1: specifically bitcoin, we've always told you to hold.

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Speaker 2: It long term. And so if you're.

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Speaker 1: Holding and when we say crypto, I'm really speaking about

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Speaker 1: bitcoin because outside of that and ethereum, I mean just

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Speaker 1: the way that those two alone tells you where the

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Speaker 1: top two are and where you should be.

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Speaker 2: But yeah, you're going to hold this long term? Right?

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Speaker 2: You got options? Yeah?

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Speaker 1: I mean people are doing day options at this point,

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Speaker 1: and if you try that with crypto based on this volatility,

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Speaker 1: you're going to get hurt and you're going to lose

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Speaker 1: some money. And we've seen that happen over the course

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Speaker 1: of any cycle. When we talk about the having cycles,

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Speaker 1: we talk about you know, the crypto winters. If you're

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Speaker 1: trying to do a trade for six months, I mean,

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Speaker 1: when we talk about economic catalysts, can you predict it

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Speaker 1: in bitcoin? There might be some similarities, but could you

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Speaker 1: do it in other cryptos? Probably not?

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Speaker 2: What would it be?

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Speaker 1: So I would say, no, you don't treat like options

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Speaker 1: obviously for the mayor of fact that there's an expiration

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Speaker 1: date on your contracts and you want to keep this

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Speaker 1: thing in your portfolio for a long term.

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Speaker 2: But y'all don't be holding all long term crypto anyway.

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Speaker 2: They don't even hold long term. The crazy bro just hold.

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Speaker 4: If y'all hold everything for ten years, you're good. This

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Speaker 4: is in every business. Like when a person owns a

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Speaker 4: media company, they don't give up the rights to the

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Speaker 4: show year two.

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Speaker 2: Well some of y'all did on day one, say poographs

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Speaker 2: and no work. Well, you sign your rights over before

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Speaker 2: you get started. Well, what do I know, I'm just

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Speaker 2: a god. It plays a doctor on YouTube.

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Speaker 5: An illegal alien from Guatemala charged with raping a child

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Speaker 5: accused of murdering a Texas man of Venezuelan charged with

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Speaker 5: filming and selling child pornography in Michigan. These are just

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Speaker 5: some of the heinous migrant criminals caught because of President

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Speaker 5: Donald J. Trump's leadership. I'm Christine Noman, the United States

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Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 2: Sponsored by the United States Department of Homeland Security,