Transcript
25 hours on the way there.
That's crazy. Oh my god.
I don't think you're gonna do that again.
Albo, I have a husband that wouldn't allow me to.
That's for sure.
Good. I agree.
Put your foot down.
Okay, he can try.
Come on, Jay.
But there is always another food.
Lay down the law.
Okay, stop.
Mom, how many times does he put his foot down?
Tell me. Tell me.
How does it work?
I don't even know what you're talking about.
I just, just lies.
Just lies.
Foot is always down.
Run. Always down.
Any other foot is always available.
Okay, just say no.
Barbie, how are you doing, Barbie?
I'm pretty good.
I was sick, like very sick, but not like very sick, but like very annoying cough that never abated.
But it's getting better now.
It was a rough couple of nights sleeping though.
I'll tell you that much.
All right. Well, glad you're doing that.
As I said that, as I said that literally, but you changed yourself.
I did. I changed myself.
All right. We'll have some water on hand.
Keep drinking water.
All right. Well, it's glad to have everybody back.
You know, it just feels like a whole new season because it is.
So it feels like a new chapter has been turned.
We are through the summer of 2026.
Heading straight into the midterms.
Yeah.
What do you say?
You want to just get to the song and then we could get to you and.
Yeah, I don't have a lot.
I mean, we've got a lot later on in this week.
I just wanted to say that this, this, if anyone applies for this new creator thing or whatever,
it's a wildest thing.
So like, you apply and it makes you pick 10 posts that are original content,
but not one of the posts that it gave me was like a real video that I made.
It was just all one liners, like just nonsense.
I don't, I don't expect to get in because it didn't give me the option to choose anything to be reviewed.
It was actually original content.
I don't know if anybody else got that, but we can talk about that.
I just wanted to bring that up.
I got the same thing and it chose my post, including one that I think was like,
I don't even know what it chose it based on.
It's very weird.
But yeah, I got the same thing.
It was very strange.
It was like my, like, if I said something about the market,
but like all the videos that I made, which are like my own videos of myself talking,
like not one of them, like it was the weirdest thing.
I mean, it did give me one photo that I actually took, so that was good.
But besides that, it was like, you know, like, where do you think the stock markets headed?
Okay, like, you're like, all right, I mean like, that's those are my words.
You know, I was asking a question, but it was just, I was, I was a little shocked.
But I don't really care.
I mean, if I don't get into it, I don't really care.
I don't make much money on this platform anyway.
So whatever.
I just thought I'd bring that up because it was wild.
I'm like, where's the original content?
Well, I've done, that's where I was like, wait, I couldn't even pick it.
It was so hard to pick 10 posts from what it gave me.
I was like, wait, wait, wait, wait, there are so many posts.
Well, listen, I've done a couple of hundred videos, my own stuff on this platform
in a year and a half that I've been on, or almost two years,
I couldn't the summer will be like two years.
Well, October, but technically I really started in December 24th, actually talking on here.
And it gave me one, one video that I think you should, and I easily have a couple hundred.
So whatever, we'll see what happens, that is what it is.
I don't know.
People have started a few people said I've seen a posting that they've been approved.
It didn't take three days, whatever it is what it is.
And we go from there.
All right.
But good luck to everybody that did apply.
Good luck.
Hope you get it.
All right, let's go.
Let's get the song going.
Rodin, I feel like you should be ready to say some threats.
Let it all out. Go right ahead.
Then we'll get the song.
Okay, if you're not going to repose this space, what pose this space?
I'm going to buy you a ticket to go to Ukraine.
How about that?
That doesn't sound good at all.
That, that, that was threatened.
I would take that seriously.
I wouldn't want that to happen.
Yeah, but after they will hear the story, then they will understand why it will be really bad if you're not going to repose this space.
Sounds like it.
All right.
You heard it.
Here we go.
Repost, quote, post.
We are back.
We'll be here today, tomorrow.
I have come here to chew bubble gum and kick ass.
And I'm all out of bubble gum.
This is mainstream.
It's the name.
Movement. It moves a certain distance.
Then it stops.
You see?
A revolution gets its name by always coming back around in your face.
You tried to kill me.
You son of a bitch.
So welcome to the revolution.
All right.
So before we get started, it's not going to be just going to be guys.
No, there was an update today on iPhone 4.
Sure. So if you're having any issues with the space, try to do the update.
That might be why.
If there are any issues.
And we will be having a space Friday for 9.11.
It'll start at 4 p.m.
Eastern time.
Real time.
It is posted.
I'll put it up in a jumbo tron.
So you guys can see it.
You can set your reminders.
And if you could share it out, I would appreciate it.
That will be 4 o'clock on Friday, September the 11th.
25 years.
Incredible.
All right, stock mom.
Let's go.
All right.
Well, here we are.
It is September.
And this is when I do believe the seasonal.
The seasonal volatility is going to kick kick in.
Everyone on this platform was calling me a bear.
I'm not a bear.
I am bullish on our economy.
I am bullish on AI.
I am bullish in the market.
But we have a lot of uncertainty.
And usually this time of year is when the market will pull back, especially in a midterm year.
You know, we have a new Fed share whose hawkish.
He's tone has been hawkish.
Right.
So we have oil prices going back up.
In fact, crude.
Brett is up almost $100 again.
WTI was up, I think, $95.
So you've got risk premium back on because obviously there's, you know, conflict has been reinstated.
We just, we just struck some tankers near Carg Island.
So the risk premium is back, which makes oil futures look more expensive out into the fall.
So between that, the fact that we do have midterm election, it's a big midterm election.
Seasonal weakness.
Normally this time of year, brand new Fed share.
We have inflation that's ticked back up because of oil prices.
We have diesel that has hit very high price.
And all of that is uncertainty.
What is the market not like?
The market doesn't like uncertainty.
So I am not a bear.
I am very bullish.
I will be buying equities on any large pullbacks.
I do think we'll return to all time highs at the end of the year or not or maybe make new all time highs.
But I like to buy during larger market pullbacks.
I like to buy during corrections.
That's what I do.
I, you know, people say time in the market, not time in the market.
Well, if a great stock and a great company is at a great price, it's a great story.
It's an even better story, right?
A great company at a bad price is an awful investment.
So I'm going to be buying.
I believe we're going to get a pullback.
Will it be a proper correction of 10% proper corrections when it just goes down by 10%.
The S&P 500 goes down 10% the NASDAQ will pull down even more because those are high beta stocks in the NASDAQ.
A lot of those are growth stocks.
A lot of them are, there's a lot of non profitable companies trading in the NASDAQ.
So I am not a bear by any means, but I am also not a permable.
And I believe there are opportunities.
And when they present themselves, I like to take them.
Today, economic data, today we got the NFIB small business optimism index.
The index was actually down by 1.1 point to 98.7 from 99.8 in July.
It missed the forecast of 99.3.
Six of the 10 components decline.
So owners of small businesses reported weaker sales and that negative 9%.
So, you know, this is the weakest that we've seen since late 2025.
And they also had lower expectations for the overall economy and slightly softer hiring capital spending plans.
Inflation being up is what was being cited.
So we also got the conference board employment trends for August.
So this is the leading composite rows actually.
Positive contributors included lower involuntary part time work.
Less under employment and fewer consumers saying that the jobs are hard to get.
Temporary help hiring also rows initial jobless claims and job openings were a little bit of a modest drag in that in that report.
What else do we get?
We got the Federal Reserve consumer credit for July outstanding consumer credit rose by 18.1 billion seasonally adjusted way above 11.
Billion consensus from June's revised 14.6 billion increase.
Non revolving credit which is auto loan student loans jumped 15.3 billion revolving credit which is mainly credit cards rose by almost 3 billion.
Households are continuing to borrow especially for big ticket items.
What is that point to?
Consumer spending is resilient.
What does that usually mean?
When do people spend money when they are feeling confident about the economy?
So that's we got that.
What else do we have today?
Well I just already commented on oil prices being back up.
You know the Iran back to the militants they struck Saudi energy facilities.
So this obviously risk premium is back.
There's escalations now again between the US and Iran.
So I'm not surprised to see that.
I don't like to see it.
It's inflationary when oil prices go up everything becomes more expensive.
You know, and food definitely you've got to move food across the country from ports.
How do you move it?
You move it with diesel trucks.
Right.
So not I don't like seeing this trend.
I really was hoping that this conflict would be wrapped up before midterms.
We're just first started talking about this back in July.
My baby July February.
My base case was was July August.
And here we are in September.
And it's still going on.
Kind of tells me.
And what the oil futures are saying guys it kind of tells me that this is not going to be wrapped up before midterms.
Either way if it is oil prices will plunge.
We know that will happen last time when you know they announced a ceasefire.
I think WTI career fell to 67.
A barrel.
So I would like to see it.
I don't like seeing this.
That being said we are getting some data later on this week that is important.
We're getting PPI month over month for August.
That's a producer price index.
It measures wholesale prices received by US producers.
So it's an early inflation signal that actually confedants in consumer prices,
which we are also getting CPI this week.
When producers pay more, where does it go?
How do they offset it?
The charge consumers more.
So I think the expectations are a rebound after a flat July print.
And it's because energy prices are back up again.
So we're expecting it to come in a little bit hotter.
We're getting existing home sales.
That's completed sales of previously owned homes.
And it's reported in annualized rate.
So I, you know, because I am a licensed realtor and I do believe that the stickiest component of besides the temporary energy supply shock.
Obviously we are seeing sticky inflation now because of the energy prices being back up because oil prices are high, which does make food.
Cost more as well.
You know, we get the headline numbers of all of these things and then we get the core, which strips out food and energy.
So now we are seeing an uptick inflation because of this temporary energy supply shock.
Before that, the stickiest component of inflation was shelter inflation.
It was the stickiest component.
I'm watching the housing market very closely.
Nothing is going to happen though until until that 10 year rate comes down.
I didn't even look at where the 10 year rate was this afternoon.
Inflation, a mortgage rates are, or I've explained to you before how they're tied to the 10 year.
But without mortgage rates coming down, you're not going to see a thought in the housing market.
You're just not.
It's not going to happen.
Let's say where it was the 10 year.
It's back up over 4.806.
So it's the highest. It's been in a very, very, very long time.
We're not going to.