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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

9
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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

10
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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

12
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Speaker 1: never return. But if you register using our CBP home

13
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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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

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Speaker 3: So the S and P five hundred rolls five point

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Speaker 3: nine percent past week. That is the best week since

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Speaker 3: November twenty twenty two. So what do you think that?

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Speaker 3: What do you think called the SMP to rise and

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Speaker 3: is this a sign going forward for the rest of

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Speaker 3: the year into twenty twenty four.

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Speaker 2: Yeah.

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Speaker 4: The number one thing that causes to rise is that

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Speaker 4: interest rates are rates are going to be passed, So

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Speaker 4: that sent the market into a frenzy. Also too, if

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Speaker 4: we're going to be very honest, mutual funds hedge funds

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Speaker 4: need to bring on clients that they're wrapping up. You

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Speaker 4: can't have the market and a tail spin to the downside.

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Speaker 4: So there's a couple of things that are playing a

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Speaker 4: couple of key factors. The economy overall is still weak,

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Speaker 4: even though no one wants to say it, but because

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Speaker 4: they are guessing the interest rates are going to be hyped,

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Speaker 4: which allows for growth and a lot of these sectors

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Speaker 4: like you know Square one up twenty percent. That was

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Speaker 4: a bunch of companies that went on fifteen to twenty

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Speaker 4: percent on Friday of last week. This Monday has been

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Speaker 4: great thus far. The number one reason, and we talked

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Speaker 4: about it in Market Monday Chicago. The indicator that matters

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Speaker 4: most is the yield curve and then interest rates. If

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Speaker 4: interest rates are not going any higher, it allows for

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Speaker 4: growth in the stock market and businesses worldwide.

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Speaker 2: So that's the reason why.

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Speaker 5: Yeah, and it's we started last week when with the

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Speaker 5: word unfortunate, bad news for jobs means good news for stocks.

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Speaker 5: And so when we're talking about bad news, they said

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Speaker 5: that only one hundred and fifty thousand jobs were added

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Speaker 5: to the economy, which is an indicator that the economy

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Speaker 5: is slowing down. Right, the economy slows down, then the

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Speaker 5: Fed says, all right, it's slowed down to a point

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Speaker 5: we don't have to raise rates.

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Speaker 2: When rates don't get raised, we see what happens to

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Speaker 2: the stock market, right, And so.

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Speaker 5: They paused it for November, and now there's a probability,

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Speaker 5: I think it's at ninety five percent that they will

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Speaker 5: be frozen again for December.

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Speaker 2: And so if you look at two months of freezing rates,

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Speaker 2: that's good for the stock market. Right.

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Speaker 5: In addition, we talked from a historical standpoint about the

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Speaker 5: s and what happens to it in November is the

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Speaker 5: best month to trade. Yes, the timing couldn't be even better, right,

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Speaker 5: And so you take a couple of these factors in

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Speaker 5: addition to the unemployment rate again another job indicator that

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Speaker 5: rose to three point nine percent, and so more people

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Speaker 5: are unemployed, better for the economy, better for stocks because

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Speaker 5: money has slowed down. And then Ian, you talked about

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Speaker 5: the treasury rate, and so this is interesting. The ten

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Speaker 5: year treasury rate. It ended at four point five percent,

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Speaker 5: which was almost three points down from four point eight

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Speaker 5: percent a week ago.

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Speaker 2: It was the steepest drop since March.

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Speaker 5: And so you take all these things into account, you

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Speaker 5: talk about wages slowing down, all these things that sound

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Speaker 5: like terrible for the average person actually end up being

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Speaker 5: good for the stock market.

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Speaker 4: Yeah, in September, we already know it's the worst month.

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Speaker 4: You're going to drop normally one percent. That's a great

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Speaker 4: time to buy. A lot of tax rebalancing that's happening

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Speaker 4: in October. Meet your funds are deploying for the fourth

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Speaker 4: quarter usually in October November. So it's a bunch of

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Speaker 4: factors that kind of played in. But that's why I

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Speaker 4: always say like the market is rigged to permanently stay

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Speaker 4: up as much doom and gloom as there is. The

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Speaker 4: indexes are going to be great. People asking me yesterday

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Speaker 4: and this morning, it's two techtoo. Inex to the way

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Speaker 4: to go is vo ups, VTI up is the S

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Speaker 4: and p up. Yes, yes, hole for the long term

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Speaker 4: and you'll be good.

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Speaker 2: Yeah.

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Speaker 5: Higher heels means it's going to be more expensive for

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Speaker 5: not only you, but for companies to borrow money. So

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Speaker 5: those numbers come down. You'll see more people investing in

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Speaker 5: companies and they're going to have more profits because of that.

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Speaker 5: So it's just an inverse relationship. And again it feels

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Speaker 5: like to the average person is unfortunate, and it is,

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Speaker 5: but this is just how the economy works. And when

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Speaker 5: a very interesting time too, because if you don't put

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Speaker 5: the capital and deploy the capital.

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Speaker 4: Some way somewhere, inflation is literally gonna set it on fire.

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Speaker 4: So you can't sit on cash like you could maybe

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Speaker 4: four or five years ago and be like, no, I'm fine.

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Speaker 4: Like if you're saving, you're actually losing money. So now

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Speaker 4: you have to deploy the CA to real estate, to

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Speaker 4: angel to VC or too stocks or risk losing six

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Speaker 4: or seven percent on the capital that you have. And

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Speaker 4: if you have a lot of money sitting one hundred grand,

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Speaker 4: two hundred grand, man, it's burning a hole in your

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Speaker 4: pocket in your portfolio at the same time at the

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Speaker 4: same damn tone.

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Speaker 3: Yep, So let's let's talk about crypto and stocks. Uh

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Speaker 3: yes reported its seventh straight quarter of losses, But it

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Speaker 3: does seem that crypto is on the uptick. Are XRP

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Speaker 3: Mike Jones report posted XRP post today Mike Jones? Yeah,

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Speaker 3: is Mike Jones helling? XRP is sharply on an uptick today?

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Speaker 3: So at what point do you see a good buying

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Speaker 3: opportunity for coinbase? If possible?

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Speaker 4: Yeah, it's currently at eighty five. I like it at

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Speaker 4: seventy two. To me, Coinbase is a lagging indicator for

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Speaker 4: how crypto is doing. So of course Bitcoin XRP some

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Speaker 4: cases ethereum, I would want to look there first. But

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Speaker 4: Coinbase is going to be a lagger because they have

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Speaker 4: a lot of regulation issues. But if they go on

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Speaker 4: a tear, it's going to be a great sign that

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Speaker 4: crypto is going to do well.

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Speaker 2: But I like it a like around seventy two dollars.

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Speaker 5: Here's the interesting party like if you look at This

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Speaker 2: Erners What's up?

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Speaker 5: You ever walk into a small business and everything just

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Speaker 5: works like the checkout is fast, the receipts are digital,

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Speaker 5: tipping is a breeze, and you're out the door before

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Speaker 5: the line even builds Odds are they're using Square. We

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Speaker 5: love supporting businesses that run on Square because it just

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Speaker 5: feels seamless. Whether it's a local coffee shop, a vendor

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Speaker 5: at a pop up market, or even one.

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Speaker 2: Of our merch partners.

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Speaker 5: Square makes it easy for them to take payments, manage inventory,

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Speaker 5: and run their business with confidence, all from one simple system.

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Speaker 5: If you're a business owner or even just thinking about

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Speaker 5: launching something soon, Square is hands down one of the

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Speaker 5: best tools out there to help you start, run and grow.

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Speaker 5: pushing your vision forward.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and to poor. You

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Speaker 1: will never return. But if you register using our CBP

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Speaker 1: home app, and leave now. You could be allowed to

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Speaker 1: return legally, do what's right. Leave now. Under President Trump

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Speaker 1: America's laws, border and families will be protected.

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

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Speaker 5: The context of it, from year to day, it's up

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Speaker 5: one hundred and twenty eight percent the stop, yes, right,

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Speaker 5: So it's one of these things when we look at

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Speaker 5: it from we scale out a little bit, it actually

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Speaker 5: is up. But they've had a negative quarter for the

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Speaker 5: seventh time in a row, and there's a lot to

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Speaker 5: do with that. And some of the reasons is that

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Speaker 5: the training volume is down.

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Speaker 2: Right.

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Speaker 5: So if we look at when bitcoin actually start to

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Speaker 5: peak around late October or maybe late September into October,

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Speaker 5: what happened around that time the SEC decided that, yeah, hey,

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Speaker 5: we might be able to investigate and hate it.

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Speaker 2: We might be able to make an ETF out of cryptocurrency.

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Speaker 5: So you start to see the numbers start despite but

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Speaker 5: that happens in October, which is not this.

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Speaker 2: Quote the third quarter that just reported.

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Speaker 5: Yeah, so you have to start looking at things from

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Speaker 5: a whole scale standpoint, because yeah, the next quarter you

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Speaker 5: might see that. And here's the translation. Right, if the

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Speaker 5: trading volume is down. That means the revenue that they

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Speaker 5: get from transactions is down. If that happens quarter after

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Speaker 5: quartera they're not making money. Even though we're watching the

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Speaker 5: stock climb because people are actually in the space and

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Speaker 5: we've seen the uptick, there's the negative correlation is going

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Speaker 5: to be there until we start seeing people trade more.

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Speaker 5: This isn't like twenty seventeen where people on the platform and.

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Speaker 2: It was a craze.

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Speaker 5: We're starting to see people slowly come in sec Like

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Speaker 5: I said, that report helped it, but it's interesting. So

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Speaker 5: when you're looking at the stop price and you're looking

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Speaker 5: at the earnings reports, you got to have a totality

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Speaker 5: look at it.

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Speaker 4: Brokerages are never a good business to invest in long

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Speaker 4: term because you really can't control the products. You have

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Speaker 4: too much negative exposure. And also there's usually a bunch

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Speaker 4: of companies that merge together. Like for those of you

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Speaker 4: who are using td ameritrade, or we're using td ameritrade

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Speaker 4: now you need to switch over to swap to be

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Speaker 4: able to access I think or swim. So I don't

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Speaker 4: like the broker's business, but for me, coinbase is a

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Speaker 4: lack of an indicator on crypto overall, yes, it has

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Speaker 4: had the rise over the last year, but it's a

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Speaker 4: far cry from that three thirty seven three quarter the

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Speaker 4: area was at at the craze, And I told you guys,

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Speaker 4: if the ETF got approved bitcoin to go to thirty

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Speaker 4: four eighty five, we've reached past that point. If I

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Speaker 4: made you money, please put yes in chat.

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Speaker 2: Yeah.

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Speaker 4: But I think we're going to see a rise in

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Speaker 4: crypto over the next year year and a half for sure,

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Speaker 4: especially as the economy is getting worse.

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Speaker 5: And this is the closest quarter that they've come to

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Speaker 5: actually having positive revenue. I think they were like two

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Speaker 5: million maybe three million off, and so the signs of

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Speaker 5: point int that next quarter. Obviously, with what we just

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Speaker 5: talked about, with the approval of the ETF pending, uh,

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Speaker 5: they could be a change to the next quarter.

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Speaker 2: Yeah, yeah, so far.

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Speaker 3: Do you see any stock opportunities related to crypto? Obviously

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Speaker 3: coin Base is a stock that you know is like,

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Speaker 3: you know, relying on the success of cryptocurrency, but like

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Speaker 3: if somebody wants to invest in the stock market and

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Speaker 3: tie it to some level of crypto, you know, boom.

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Speaker 3: Do you have any stocks that you think could be beneficial.

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Speaker 4: Only ones I'm leaning on right now directly are the cryptocurrency.

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Speaker 4: So I'm bigcoin x RP, I'm a fan of.

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Speaker 3: What about the big What about a bigcoin ETF or

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Speaker 3: like an cryptocurrency ETF.

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Speaker 4: No, here's the reason why they're they're It's like if

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Speaker 4: I try to start a football league, which Vince McMahon

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Speaker 4: has done three times. I think my biggest competitor is

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Speaker 4: the goliath that cannot be beaten with the sling shot

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Speaker 4: in the rock. So when Black Rock finally announces their

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Speaker 4: et F and all the institutional money starts to flow

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Speaker 4: through them, it's gonna be hard for the other players,

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Speaker 4: even like you can say I like micro strategy and

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Speaker 4: I like Michael Saylor, but I don't think he can

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Speaker 4: defeat Black Croc.

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Speaker 2: Like the game is not fair.

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Speaker 4: This is we gotta have some honest conversations twenty twenty three,

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Speaker 4: twenty twenty four. The game is not meant to be fair.

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Speaker 4: The purpose of capitalism is to get an edge that

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Speaker 4: no one else can be. We want to talk about

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Speaker 4: real generational wealth you can only have and next year

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Speaker 4: we gotta have a conversation about generational wealth being overrated.

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Speaker 4: But you can only build generational wealth. If a limited

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Speaker 4: number of people are able to do something that you're

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Speaker 4: not able to do, I don't want black rocking vandguard

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Speaker 4: as as a competitor, I said two years ago, I

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Speaker 4: think everybody should stop screaming about what they're playing is

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Speaker 4: because the banks are going to come in and.

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Speaker 2: Take it over. Here we are. It's too late.

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Speaker 4: XRP is about to get into the fold and may

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Speaker 4: be tough for ethereu here we are so stocks directly, no,

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Speaker 4: I would look at what companies in the top seven

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Speaker 4: are hiring. Matter may be a ancillary or tertiary play.

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Speaker 4: Apple will eventually do something big in a crypto space,

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Speaker 4: but as far as the ETFs, no, I wouldn't do it.

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Speaker 5: So Yeah, and just to add to that, right, you

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Speaker 5: said that the SEC might approved the bitcoin ETF. Well,

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Speaker 5: coin Budience is fighting the SEC right now. Right they're

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Speaker 5: still under under illegal fight for you know what. They

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Speaker 5: have the lawsuit in June about them being a legal

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Speaker 5: uh securities exchange platform and so you're battling that too,

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Speaker 5: on top of everything inside of the space and from

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Speaker 5: competitors who are trying to now create ETFs for the space.

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Speaker 4: Yeah, you don't want to fight a trend. It's a

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Speaker 4: lot easier to push a boulder downhill than it is

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Speaker 4: up