FinanceDaily: mRNA, WMT, Asia, AI

will come out, but I don't think it's, I think it was just too far too fast and people just wanting to jump on a momentum trade. So be careful. All right, back to you. All right, thank you very much. Let me give the quick news on Walmart. The revenue is at 187 billion. It's a bit, but a little bit only. Just 5.9% here over a year. I want people to remember that we have inflation as well. So this is about a normal growth. It doesn't mean that we have 6% more stores or something. It means that the total revenues are up in nominal terms. So 5.9%. So bear in mind the inflation level that we have, which is pretty close to that as well. Yeah, I mean the real inflation, not the, not the government, the published inflation, which is cooking numbers in a very strange way. We talked about it many times. Adjusting earning purchase 81 cents estimated 74 cents. So they've growth there e-commerce sales and that's the one which I hit me plus 23% globally. So Walmart is trying to go more and more e-commerce is still very far from Amazon. Of course, which is the king there, but it's trying to develop its e-commerce side about 23%. And essentially, I think in this environment, Walmart will continue to be strong because we're inflationary environments. And as people, you know, live paycheck for paycheck for a lot of people, they'll continue to go to the Walmart and the Costco and whatnot to get what their necessities. This is just a reality of life that we're in and we have to continue with. And so there it is for that sector at least is still as expected. I would say no, no surprise there. Guys, today's a good, did you discuss the Scott Besen because I saw that Carlo you posted a very interesting article on the yield curve curve control and what was happening there by Anderson, was Varsen. Did you guys discuss it or shall we discuss it today? I think it ties into a broader narrative that this shift in policy, which I've been talking about for some time now that I think Treasury is going to be taking the lead in global monetary policy. And Fed is going to be taking a backseat in that is playing out in real time. And it really reinforces the notion that they intend to run this economy very hot. And stable coins are a part of that that I've talked about. But what it did in the crypto sector yesterday, I was on a show talking about this SEC regulation that we we teased yesterday. And I was talking about there's still our challenges for the crypto market to rebound. And I didn't think that just the SEC proposed rules would be enough to drive markets. Well, we had a catalyst of three things yesterday Eric. We had this SEC announcement. We had this huge White House summit with the crypto sector and the heads of both the SEC and the CFTC all at the White House. We had best and doubling down on absorbing Treasury notes. And that catapulted Bitcoin, which overnight went over 72,000. And Ethereum is well over 2000 at this point. And that does not seem to be cooling off this morning. So there are many indications that this strategy is starting to play out. And it is reflecting in the crypto markets, the risk asset component, which I've been talking about, which depends on the promise of liquidity. And like it or not, call it yield curve control or not, it is the US policy. And you can either trade on it or you can get left behind. What the long term effects of this are, I know Dave will have some strong feelings on and I can't argue with him about that. It's certainly a factor. But this is what's playing out. And I don't think anything is going to stop it back to you, Eric. Thank you very much. Lumi and then David Nkowski. Yeah, wasn't it one of the biggest liquidation, short liquidation events in Bitcoin history yesterday. I think second biggest one ever. Yeah, it was mass. It was actually really kind of funny. My opinion is really kind of funny because for a while I've been watching them kind of like beat Bitcoin and it's kind of nice to see some repercussions for easy money. The other thing was it was really interesting because when they were talking about Clary Act, everyone doesn't understand this but they're talking about buying treasuries, a lot of treasuries, basically. And every time they talk about that, they're talking about buying a lot of treasuries and everyone's looking at the Fed balance sheet and worrying about, oh, you know, how has Scott Besson, you know, going to be able to buy all these treasuries. He's going to have Penny a room. He has $2 trillion room from when the Fed was at the high water mark. So he's at 6.75 trillion now. 8.95 trillion was the high water mark. So they've got plenty of room to play this game with treasuries. They've got a lot of room if you think about it. And I think that we're in the situation right now where they call us is right. They might run this economy quite hot indeed because they have room to do that. They probably will run it hot but just a little comment here because yes, it was the maximum 8.9 but that doesn't mean it was a good thing. It was a bad thing. It was emergency for COVID and then they printed like hell. I wouldn't try to go back there but I think they will try to go back there because government are addicted to money printing. Eric, I would say this good or bad and I've mentioned this before every print needs a crisis. So whether they manufacture a crisis or whether it's an actual crisis, there always has to be some kind of a justification for this. They know that the deficit is exploding at uncontrollable rates and they know that the long term bond is where they need to try to get rates controlled. The short term notes are killing them and they have to do something and I think this is the plan. It's been the plan since the Genius Act passed and it's really interesting to see it play out for me in real time. What I've been calling the best and doctor in this third act for the dollar. I think it's really starting to take traction now. Thank you, Carlo. Yes indeed. And that'll be very good for both cold and Bitcoin because if we continue to print and print and print, well what do we do? Yeah, this is what the result. Dave Nikowski? I'm not sure that it was as much printing as everyone sees. They're talking about a two billion going from two billion to four billion and all they're doing is trying to take the long end down. And you know, historically, you know, you don't get a COVID type action until the markets down significantly. We're down what two, three percent off the high. You know, we're taking action and I honestly, I have to ask what are they seeing that we're not doing this, you know, down 20%. There's a bad action coming, Dave. There's a term election coming. I realize that, but I think there's something brewing in my opinion as well. You know, when you say, you know, terms like risk on the momentum basket was down extremely hard yesterday. It was one of, I think the top five down days, you know, the NASDAQ, the XLK, the socks index was down. And you had everything in staples breaking out. Obviously, you know, as I mentioned yesterday, you had yield. You had the banks that were not very strong yesterday at all. You know, as I mentioned before, I'm seeing more top-ish type patterns and, you know, Goldman Sachs, Morgan Stanley. You know, you're taking that interest margin down on a lot of banks as well, but the banks were weak across the board. So, you know, from a technicians perspective, I don't have to come up with all the things causing it, but it's an observation of how, you know, investors as a whole are reacting around it. And then I jump into, you know, the reasons why. So, Lumi, Lumi might have a better explanation of it, but you know, I see some troubles up there. So, Lumi, why don't you take it and give me your thoughts. Yeah, my thoughts are kind of convoluted, but this is my thoughts. If you were running, if you knew we were in an AI super cycle and copper prices, which are key to like building out everything are all time highs. What would you do consistently to try and allow for the AI super cycle to be built out? Create bad news. And this sounds really weird, but this is good and bad news in the weird way. So, I would you protect the market all time highs? Look at the dollar weakening. How did that benefit Japan and their carry trade? What is America actually trying to do? But probably trying to protect its trading partner, Japan. And all these weird things are happening in like lockstep kind of at a time when we kind of get into a point where is the 1987 crash, which kind of feels very similar to right now. And it might be low wrongness, but there was the wrong crisis at that time. There was an issue with trading bots flash crash in the market. There was short selling, which was happening out of nowhere. And a few other things which happened and it kind of feels a little bit familiar. Right. And so, I think that in a weird way, I might be wrong in this, but in about five, six months time from now, we'll look back and we'll be even higher. And it's like how to be get there. It's like, well, because the bad news comes in as the news comes in and it gets very hard to kind of predict things. And I don't know, maybe we are in this AI super cycle. It could last for two years. And this is something which people have been talking about more and more. And if we are, it has to link up with the Clary Act and the Cheshires have to link up at the same time. And all these things are kind of coming together at the same time. If this all comes together correctly, it could be huge. But if it doesn't materialize, I don't know what's going to happen. At that point, I think it stills. Right. And so Carlos, I really, I'm watching and I'm understanding a lot more because of the other side of the equation. And I'm kind of seeing the big picture more and more because they need memory to stay at high margins so that the whole economy makes money. How do you do that? You have to push China away to a side and say, you can't come in and destroy this market like you did with solar panels with Samsung and with all the other things you did with Samsung. So Trump is protecting that market margins are high. They can continue this game across the other industries which are quite, which are quite high in the pyramid of producing profit for America. And my point is that this whole equation keeps going as long as the bad news comes in with the good news because prices don't get out of line. And inflation doesn't get ahead of itself. But if inflation gets ahead of itself, then it's tools. And this is kind of like, I think a game that been playing a high level game. If I'm wrong, I'm wrong. But this is what I believe. Yeah, well, also remember, there's an AI summit coming next week at the White House and I suspect the White House is going to throw a bunch of fiscal support behind the major models that are building in the United States. And I want to mention two things here because no, we can't have my memory process. These levels for we just can't and I'll explain it later when we get to the AI part. And for what when David says we need a crisis and Carlos, well, yes, guys, Trump is about to he already engineered a big crisis. He's about to double down with Iran because he's out of option. He has an election in two, three months and he's out of option. Nothing works like he shouldn't work with resistance to start. So he's going to try and double down and escalate whatever he can left and right and up and down to try and find a breakout, which he probably won't get sort of a full war before November. So Trump is, you know, the clock is ticking for him, and which is what this war now is all about is about regime change regime collapse. Let's say in Iran or regime change in the United States, which means Democrats take the house and go after him for the next two years, nonstop. We know what the Democrats will do. And so this is what it comes down to for Donald Trump personally. And so he's going to go. Well, we start yesterday he just posted that he's going to sanction, you know, go after every country, which gives any lifeline to Iran economically. He's getting the panic is settling in. Trump is going to go with something big just out of panic. He has nowhere else to go. So you will have your crisis. This is definitely and will people to because without his there's a standing in Japan and will people with Raymond after Divinikowski to you and then people. Yeah, I'm on the AI trade, you know, part of that supply chain is, you know, a lot of engineering and construction companies. I mean, you have every one of them down at least 40% from their high just two months ago. So I'm seeing significant deterioration. I mean, when I look at you know, calling tops is one thing. You know, it can be a very difficult thing. And you know, I can't find and I posted these back in June. And it's across my ex account. But if you look at every single sector inflected against the socks index, most sectors on a relative strength basis versus the socks in between, you know, July 2nd and July 22nd are up 50% in revenue. And I'm seeing this everywhere. And it's not something that happens, especially when you have parabolic downtrends in healthcare and staples and you know, across the spectrum of other sectors. But I see a huge change unfolding, you know, as a technician, I sometimes don't have to question them. But when I have 100% of names out performing the socks during that time period. Your statistics are pretty freaking good. I mean, I wouldn't bet about I wouldn't go about betting that I can pick the socks bottom. It's been tried. You know, you created a bear flag on the socks. You broke above the 200 sucked everyone in and then they picked them down again. So I'm just going to say, you know, be careful out there. There's all, you know, there's some names that are good. You know, I post the question on X, you know, out of 160, some I conduct your names name. You know, give me five names that are breaking out to, you know, new highs. You know, I think someone reported back three names. All of them got hit the next day, A E H R of Vago. And I don't recall with you.