Video summary
On August 7th, Tom O'Brien analyzed a surprisingly weak U.S. jobs report where non-farm payrolls fell by 23,000 in July and were revised down significantly for May and June, resulting in a net loss of approximately 200,000 jobs against market expectations. Despite this poor headline number, equity markets rallied as investors embraced the "bad news is good news" narrative, anticipating potential Federal Reserve rate cuts or pauses; CME FedWatch data reflected this shift with the probability of rates holding at the next meeting rising from 33% to 56%. This sentiment was mirrored in asset prices where gold surged above $2,390 and silver rose sharply, while the GDX broke out of a downtrend channel on strong volume. However, Tom cautioned that such rapid gains could lead to volatility with possible pullbacks before the weekend close, noting specifically risks for uranium stocks like CCJ and miners including First Majestic and Harmony Metals which were driven by Chinese gold buying amid capital controls.
The housing market presented a complex K-shaped dynamic where cash buyers thrived in luxury segments of cities like St. Petersburg while rate-sensitive buyers faced recency bias against locking mortgages near 6.8%. Tom warned that waiting for dramatic interest rate drops might not yield cheap homes, as price appreciation could easily offset lower rates. In the corporate sector, mixed signals emerged with Airbnb gaining over 15% after breaking above prior highs and SpaceX shares jumping significantly post-earnings despite earlier revenue concerns, reflecting long-term growth potential but high volatility risks unsuitable for retirement funds. Meanwhile, Wendy's stock rebounded slightly after slashing its dividend amid six quarters of same-store sales declines, though Burger King had overtaken it as the second-largest U.S. burger chain by systemwide sales. Additionally, Ford announced a four-door Mustang to broaden appeal, prompting Tom to compare practical space advantages with his previous European luxury coupe and highlight higher maintenance costs associated with such brands.
Market breadth remained strong with the S&P 500 closing near an all-time high of 7777 supported by decent futures volume around 6.6 million shares, while yields stabilized for homebuilder stocks like Dr. Horton and KBHome which saw rallies as investor sentiment improved. Tom promoted various TFN newsletters including Teddy Kekstacks' Forex Report, Basil Chapman's Opening Call, Steve Rhodes' Mastering Probability, Larry Pesento's Fibonacci 247, and the Rocket Equities & Options Report, all offering money-back guarantees alongside access to the Tiger Zen Discord community for a nominal annual fee. The segment concluded with an update on leveraged single-stock ETFs tracking SpaceX gaining substantial value due to high liquidity speculation about Elon Musk's shareholding, reinforcing the theme that while individual stocks like SpaceX and silver miners offered explosive potential, investors must remain mindful of volatility risks as markets navigated these shifting economic tides toward a weekend break.
Read the full video transcript
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The following is a presentation of TFN.
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The Tom O'Brien Show is produced every
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internationally at 727-8737618.
>> This is awesome. Uh, come on to vu.
We're going over to Paris. What's
happening?
>> Hey Tom, it's Adam from Paris. How you
sir?
>> I'm doing great. Adam, yourself?
>> That's good. Long time no talk. I
appreciate everything you've done for me
and my family over the years. So,
>> well, we appreciate you growing a
problem with us.
>> Yeah. Yeah, sir. I've done gold reports
and all the softwares and all your books
and a generational thank you so much.
Appreciate it.
>> Yes sir. Now Tom O'Brien.
[music]
>> Good Friday [clears throat] afternoon
everybody. Tommy O'Brien coming to you
live from TFN. Thanks for joining me for
the final 60 minutes of the trading day.
And we got a jobs Friday folks. And why
not? We'll kick it off because we got
quite a headline with Yeah. losing
23,000 jobs in the month of July. And
when you talk about revisions May and
June, 103,000 fewer jobs. So you talk
about a potential gain of 83,000 was
what the market's looking for. We lose
23,000. And you revised down by 103.
That's a net number of 200,000 less jobs
than the market was thinking might be
possible this morning. So what happens
from there? Well, the market rejoices
because bad news was good news
initially. We're getting a little bit of
a pop right now coming into the final
hour of trading yields. All right, give
up some of the yields in terms of
immediately higher price, lower yield on
a weak jobs number. Okay, the market
figuring, you know what, if we got a
weak jobs number like this, maybe the
Fed, we should pull some of those hikes
out of the forward path in terms of what
the market's expecting. Now, we have
pulled some of those hikes out. You look
at the CME, okay, Fed fund futures, the
Fed watch today,
56% chance they do nothing at the next
meeting. Yesterday that was only a 45%
chance and a week ago that was only a
33% chance. So yeah, the market is
thinking, but that's on a 2-year basis.
And the 10ear snaps back right away,
which is remarkable. Now the 10ear right
now, we got a yield of 4.66.
Okay, 4.66 is the number on the 10ear.
You got a dollar right now at 9953
and we got markets in the green. And how
about the VIX, folks? Okay. Wouldn't
expect any fireworks today in the final
52 minutes of trading as in any type of
remarkable selloff when you have a VIX
that just hit 1477.
How about that one, man? 1477.
Take a look at the VIX on a longerterm
basis. Yeah. What are we going back to?
This is below everything we've seen
recently. We had a low of 1496 recently.
You got to go back to early January.
Pretty remarkable. VIX trading at 1485
right now. Now with a weaker dollar and
it's, you know, yields, right, snap
back. But how about dollar weakness
persisting? Okay, dollar dives lower and
it holds on to those lows and you're
engulfing the last four days, almost 5
days of trading. We're at 9953 right
now. You're right back to the lows in
the middle of June.
And yeah, gold was already in the green
coming into that 830 number. You catch a
little bit of a pop and we're above
4,400. Gold up 2.4% right now. You got
silver up a similar uh a little bit of a
bid up 3.5% for silver 6380. And how
about excuse me, the GDX.
Okay, you're talking about a run, folks.
We were just flirting with $70. We're at
90. This thing's up 30% in the last
what, 3 weeks or so. Decisively breaking
out of the downtrend channel.
How's that for a weekly sign of
strength?
Don't get left behind, folks. Not too
late. Put some stops in there, but this
is some strength, man. You break out of
the channel, you do it with volume. The
GDX on a weekly basis, 132 million, and
we got a full hour to go with volume on
the close. Ah, we probably won't get 10
million to get above.
Okay. It's going to be a strong bar
though. And today, last few days in
particular. All right. Look at this
volume, man.
And yeah, we'll see what we do on the
close. Let's see if you back it up.
Yeah, look at this. Wednesday, you did 6
million on the close. Okay, we need
about 10 million on a weekly basis in
the final hour of trading to get over
this bar right here. But nonetheless,
strength in gold. We take a look at the
silver contract right now.
Not quite. We don't have volume on the
weekly on that one just yet. Let's take
a look at the daily.
Come on, Thinker Swim. Let's go.
How fast is this market moving? Let's
go.
Oh,
my connection's working. That's what my
computer's telling me, folks. But
thinker swim not cooperating right now.
All right, while we wait for it to catch
up. So, check out the jobs. Okay.
How's that for a trend, folks? Right.
You're talking about non-farm payrolls.
We just got numbers for July. Okay, May
and June revised downward and April and
May, I mean May, June, July, excuse me,
April, May, June.
No. Yeah,
March was the big month. Okay. And then
April, May, June, and July we go
negative.
So the unemployment rate goes down to
4.1%.
But at the same time, the labor force
participation rate, folks, is the lowest
it's been since February of 2021. That
is a warning sign
along with some others. Okay? But that's
a warning sign. Now, the inflation data
is going to be important. We get the CPI
coming up.
And yeah, revisions, right?
June and July.
We'll see what happens. Nonetheless,
labor force participation rate going
back to February of 2021. That one
surprises me. [snorts]
All right, we jump around to some other
equities that are moving. How about
Airbnb today, man? Up 15.6%.
Travel alive and well. How's that for a
weekly, right? You break above the highs
of 2024,
excuse me, 2025 and 2024. You do it in a
weekly and you do it with volume, man.
Now, this thing's got highs hanging out
here at 212. Is that the high? [snorts]
Yeah. Then shortly after their IPO, I
mean, what a time, right? markets were
alive, COVID stimulus alive, Airbnb goes
public, the market's rejoicing, and then
of course there's a pullback, there's a
cooling, the Fed's trying to get
inflation under control. And here we are
still under those numbers, but
nonetheless, up today, up 16% for Airbnb
and yeah, doing so with volume.
And how about SpaceX, man?
Okay,
you know, we were talking about on this
show, folks. This was a story of sell
the rumor, buy the news, and boy, you
talk about a shakeout, man. Okay, the
numbers were pretty decent. Now, Elon,
they're they're going to spend money.
That's that's they're going to spend it.
They're going to spend tons of it, but
they were beaten a little bit in terms
of the early pace of some of their
revenue. If they beat on the early side
of the revenue projections, that's a
monumental compounding win, right? The
numbers that this company's getting
valued off, can't even believe I'm
talking like the bullish side here,
okay? But the numbers they're getting
calculated on are years into the future.
And when you're compounding growth years
into the future,
how you do early on is so instrumental
to those later years when you're
compounding that growth. And so if
you're willing to ride a roller coaster,
that might be insanity in terms of
volatility wise. And you better be
willing, you know, do not put retirement
money that you can't lose into this
equity, folks. It's the ultimate growth
equity. But how about today, man? Up
13.3%.
Right, we're above. You could have
bought SpaceX coming into the close
right before their earnings at about 125
bucks.
You drive down to 105 yesterday morning
and I say, "Hey, by the close of action,
you're going to be pushing 130 and here
we are up 13%." We're coming right back,
folks.
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[music]
Welcome back, folks. GDX up by 6.7%
and yeah you know we're coming into this
high from June 17th folks and we have
tremendous volume here and you know
there was a comment in the den from
superfecta that maybe the GD and I'm
adding maybe GDX weak running into that
617 price point. Uh I would disagree
with that one. Okay. I don't know how
you see weakness right now in a GDX
that's up 22% since Monday morning,
folks. Okay? And look at the volume over
each day. You're going to get some good
volume into the close. We got 60 minutes
left to go in trading. You got strength
here. Now, with that said, we're up 20
plus% since Monday. Okay. Yeah, we're
going to get a little volatility in
this, right? We see the volatility today
with yields, with the dollar. It's not a
clear path in terms of where the Fed
goes, where inflation is. Uh some of
that wage data, 3.2% year-over-year
versus 3.5 month overmonth only a.1%
number on wage data. Those are good
numbers, right? Those are good numbers.
Inflation's probably above there. Okay,
we'll see what happens with crude and
maybe if it's on its way down, we'll get
some data confirming that inflation
might be under 3.2%.
But it's not at the stage that wages are
going to have a huge impact on inflation
when on a short-term recent basis
they're only up.1% month over month. And
if you go all the way back a year,
they're up 3.2%. But remember that's
going back for old old data
year-over-year. And on a month over
month, you were only.1% up. And that
multiply it times 12, that's 1.2%. Okay?
So that would actually help inflation
numbers when you're looking at that
number. But yeah, GDX up 6.7%.
And the dollar's just weak, folks. Until
that changes, that's the trend right
now. Okay, you got a nice engulfing
pattern on a daily. The weekly, not
quite the same story, but an extension
of where we were last week. You trade a
little bit lower. And you know, next
stop on this one's 98. Man, that was a
one-way trip from April up to June, and
we're flirting with making a run to the
bottom side of that.
Yeah, I jump over the home builders. So,
you know, these things got a nice pop on
the open with yields pulling back as
see how they hold. Yeah, Dr. Horton.
Okay,
KB. Look at this. So, yields didn't move
right now. They moved the evermost
slightest. You have a little bit of
higher price, lower yield. Okay, but we
are at 10ear at 4.66.
You add 2% on that for a 30-year
mortgage, you're at 6.66.
Okay? And
so that's a big number, right? So yields
don't even move from where we were this
morning. The the ever most slightest
reprieve, but no real reprieve there.
Okay? No real reprieve. Equities love it
for some reason. Can't quite square at
all yet. The dollar is trash right now.
Okay. The dollar can't stand the
weakness that those job numbers gave
this morning. You drop from 100 down to
99.50 and we hold that loss. Gold holds
on to the gains right now. And the
homebuilders are holding on to it too.
And maybe this is a little bit of, you
know, a rotation here where people are
saying, you know what, yields have
pulled back a bit. But guess what? This
market's all freaked out about hikes.
And meanwhile, and I would agree with
this right now, okay, as a trader,
folks, be willing to be nimble. Okay,
maybe this is the shift. Maybe we're
going to get the economic weakness that
we might need to bring inflation back to
2% and stop running hot as it has been
since co and I think some investors are
getting into some of the home builders
today with that premise. You know,
getting ahead of the action. Look at the
move on Dr. Horton up by 3.6% right now.
KB up 3.3. Lenar up nearly 4% right now.
We'll get best back on EKS. You know
what? I'll see if I can get him on next
Friday. Man, it's a great idea. All
right, we'll get Ber back on. You know,
markets are moving, folks. Okay, I've
sold houses, man. You know, they're
selling. They are. And and I'm very
fortunate. St. Petersburg, folks,
especially certain parts of St.
Petersburg, right? We talk about the
K-shaped economy, that's a real deal. It
is. Uh the high-end market, cash buyers,
I mean, people who have money in, and I
chuckle as my goodness, S&Ps, right?
anybody with money in the market or
money with a house assets period. Pretty
remarkable, right? You come into just
the beginning of last year, you're up
nearly 30% from where we were at the
beginning of last year and that's after
making a run. You know, we all know,
okay, so it's lofty numbers. The
high-end, it's a good scene and St.
Petersburg has some pretty cool high-end
areas in terms of, you know, right in
the city. Now, you know, some of the
other markets a little stagnant and what
I always say is that, yeah, this is, you
know, the yields, too. Okay. Um, I moved
out some houses in when rates were
closer to the start of the war. And it's
got to be tough right now because buyers
are going to have recency bias where if
they were going around looking for
rates, right, in March and in April and
they didn't lock it in, they're going to
feel like they got hosed and that maybe
they need to wait a little bit now cuz
the timing of that is pretty rough,
right? Um and so it's a buyer market
right now on the when people are coming
in and need mortgages, it is a buyer
market, okay? You got to price it
effectively. And if you're selling a
house, folks, I would encourage you
to do what you can to make sure that the
people coming in don't feel like they
need to spend a lot of money to fix
anything substantial. Okay? And that
could be as simple as a paint job, but
it could also be that you got to put a
new roof on it. Right? These are certain
things. Okay? If I was selling my house
right now and I had the ability to, cuz
we all don't have the ability to, and
the roof was going to be a problem come
the time of the sale, I would replace
that roof ahead of time. That's the
market we're in right now. And that's
the difference when people are taking
out a mortgage, especially, okay?
Because the last thing somebody wants is
if they have extra money to spend it on
renovations after they lock in a
mortgage at 6.8%. Okay? Because if they
have that money, they can use it to buy
down a rate right now. And maybe that's
what they do. Okay. And and I keep, you
know, I've encouraged it before. If you
know people that are looking to get in
like a starter home, encourage them to
try and do that. Yeah. Because, you
know,
I think that assets right now are you're
seeing it play out with gold. Okay.
You're seeing it play out with gold.
You're seeing it play come play out with
the homebuilders. And the other part of
this equation, right? Think about this.
People
have a perception slashh hope that if
they were able to hold out and rates
dropped, okay,
that they could save a substantial
amount of money on their mortgage.
And my push back on that is that there's
a lot of people in that same scenario
that all want to see rates drop
dramatically.
And if that were to happen, and I don't
see that happening just yet, but today
we got a lot closer to that happening
than we were a week ago. Right right
now, there's a 65% chance that the Fed's
going to stay right where they are going
into the September meeting. Not going
in. At the September meeting, there's a
high probability they're just going to
stay put. Now, we can get some data that
can change that.
A week ago, there was only a 33% chance,
right? So, we're a lot closer to the
fact that maybe we do get some easing.
But to finish that thought, if rates
come down dramatically,
what's going to happen is you're going
to have a sellers market, folks, and
people can afford their payments and the
housing prices are going to go up and
meet the payments somewhere. They don't
have to meet the payments where they are
right now where the 10ear just went from
four to 4.7%. Right?
But you're going to be able to pay the
same amount of money for your payment at
a lower interest rate for a house that's
probably going to be more expensive if
we pull back. Housing has been stuck,
right? Since co there's a remarkable
acceleration in 2021 and then we've
paused and that's okay because the
market went up so much in that year or
two. thought this could be the next leg
if we so don't wait for that pullback
cuz don't think you're going to save a
boatload folks. There's not going to be
great houses at cheap prices with cheap
interest rates if we get a pullback. So
market's alive and well, man. Real
estate, they're not making more land,
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[music]
Welcome back, folks. S&P is up by 40.
NASDAQ 100, up by 300. We got a Dow
above 54,000, man. 54,165
off of the highs of Wednesday, but up by
310%. And the Russell liking the action
today, up by 1.2% right now. And yeah,
we jump over to the the heat map in
terms of the S&P 500. A mixed bag.
Palanteer up by 10% right now. We
mentioned Airbnb up 15% right now.
And yeah, just a mixed bag. Got Nvidia
in the green. Broadcom,
Service Now up 6% on their numbers.
Little pockets of green. Take two
interactive in the green. Let's jump
over to Uber up 6.1%.
Look at Uber.
Is this an Airbnb story? What do we got
going on with Uber here?
Let's see what we got. Analyst
commentary on autonomous delivery push.
Okay, look at this.
Da Davidson kept a buy,
cut their target. However, Caner
Fitzgerald maintained an overweight load
it
need reiterates, but they're rocking it
today, man.
So, they're all with their numbers on
Wednesday,
but that's not it. What do we got?
That's the sixth.
So, we get analyst recommendations after
that. You got Bill Aman saying that
Uber's a no-brainer.
Maybe that's it, right? When did he say
that? Hey, nonetheless, let's take a
look at the volume. We got some action
in Uber. You break out of this channel
line
numbers. You know what? This is going to
be quite a weekly, though. Watch this.
Yeah, look at this. That's some decent
volume. You're coming up to the week of
June 22nd, but that's some decent
volume. Let's go back a little bit on
this one.
Hey, I like the action. You build a nice
floor here. Floors at about 70 bucks.
You're breaking back to back weeks
higher. And you do it with accelerating
volume.
You have to break above this
consolidation here, right?
Try and get back in that channel line.
By the time we meet that top line, we'll
probably pushing 100 just to get back in
the channel line.
So, Aman's got a tweet out there
and yeah, this is saying after the
selloff, okay, it's currently at 15
times 2027 earnings, 12 times 2028
earnings while doing double digit annual
growth expected through 2030. That was
the post by a random social media user
and Aman
said, "Agreed and retweeted." And
retweets can move markets, folks. Maybe
that was it. Nonetheless, Uber up by
6.4% right now. So, we go back to gold.
Got to talk about some gold, baby. We're
up 4,000. All right. We talk about some
gold. How much How much money? What a
gold bug spending. Well, how's 180
million to start? Yeah,
about 100 million in call options in the
GLD, which is the physical metal ETF,
were likely bought on Friday,
compared to about $25 million worth of
puts. And then you had 80 million in the
GDX compared to 9 million in puts.
Options volume surging in both
GLD twice the daily average for its
30-day average, excuse me, and the GDX
quadrupling. It's a big day. As we said,
we went over the volume.
So, the trigger for this move off the
lows a few days ago was a very
aggressive buying by Chinese individual
investors in the domestic gold ETFs. The
catalyst appears to be Beijing's latest
move to make it harder for Chinese
capital to move offshore. They said,
"Well, give me some gold, baby. Give me
some gold." And hey, we're going to get
some volatility. We're going to get some
pullbacks as well, folks. And it's not
all about the jobs number this morning,
right? We were already trading at 4383
coming into that jobs number. We're at
4405. But there is something going on
with dollar weakness right now.
That's that's a reality. I don't know
what all the dynamics are shifting to,
but you go back to
the Fed day
the 29th. Yeah, right here
when that selloff began. Just can't find
a bid since then.
So you combine that
and as the dollar weakens, you get a
little bit of yen strengthening, but
we've had some recoil here. They got it
all the way down to almost 155 and we
came into that jobs number approaching
159.
And yeah, Wendy's. So Wendy's, they pull
their guidance,
they slash their dividend,
the market tanks on that news on the
open. They had the numbers pre-market
and then they kind of rejoice and get it
all back. Now, this has been an
underperformance story to say the least,
right? You back this thing up. But I
listen to a nice Look at this move.
Look at this move,
man. Oh, man. Right.
[snorts]
Can never get complacent in any equity,
folks. Just unbelievable
underperformance for Wendy's.
You got Burger King taking Wendy's out
as the number two,
second largest burger chain in the US by
systemwide sales. McDonald's obviously
the big dog, but Wednesday, excuse me,
Wendy's
shrinking US same store sales for six
straight quarters. Six same store sales
down 7% in the latest quarter. You got
to stay innovative, man. You know, I
don't know what I Hey, you know, I
shouldn't say that cuz McDonald's, yeah,
they're innovating. I don't know what I
couldn't tell you anything that Wendy's
is doing really. And that's probably
about to change. But look at that chart
of Mickey D's now. Yeah, the last six
months or so. Quite a different story.
and restaurant. What's that? QSR is
restaurant brands, which is Burger King.
Not exactly the best looking chart, man.
You're basically at 2017 prices barely,
right? But nonetheless, they're the
number two dog now. But yeah, how about
Wendy? Wendy's
[snorts]
as opposed to restaurant brands. They're
up 8.5%. Wednesday. Wendy's down 7%. Now
they got a new guy in there and he's
just giving himself some time would be
the bull case for Wendy's in terms of
giving themselves some time pulling some
guidance and the benchmarks that they're
going to be going against get easier and
easier, right? They've been losing same
store sales for an extended period of
time that your comps start being much
more kind on the back end. And you know,
it does say something when you bounce
here, but this is a period that yeah,
they pull the guidance. They slashed the
dividend. But look at the move. Showing
some strength today actually on that
move.
Wendy's up by 3.5%.
Mickey D's down by 1%. S&P's up by 43.
NASDAQ up by 308. Come right back,
folks.
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>> I'm Orion. [music]
>> [music]
>> Welcome back folks. Markets holding on
to the gain green, excuse me, the gains.
S&P up by 40, NASDAQ 100 up by 300. And
how about the VIX, right? 1487, man. No
volatility priced in, man. Everyone's
gone for the weekend, folks. It's August
in the summer and everyone's gone. No, I
kid. But how about that, Vick? Says it
all, man. No sellers in this market with
an S&P up by 40. Pretty remarkable. You
got a pullback in yields right where we
were this morning. The dollar not giving
it back though as in we rip lower. We
hold on to those losses and gold up 108
bucks now. GDX
pushing 8948.
And yeah, I don't think those gaps are a
worry. You know, you're going to get a
lot of volatility when you can go up 20
plus% in four trading days. Okay. So,
yeah, if you're holding here and you
were, you know, holding GDX or buying it
at 74 on Monday and you're sitting at 90
going into the weekend and you think
you're not risking a healthy pullback to
82, 84, 78,
it's completely possible. It's a highly
volatile market right now, but I like
the market, folks. I do.
Silver up by 3.7 right now. Jump over to
uranium. CCJ up by 4.1%. Some of the
silver stocks, First Majestic up by 6%
right now. Heck up by 6%. Some of the
other big dogs, Harmony, they were up
more than 10% at one point. Up 8.7%
right now. All right. We talk about
jobs, we talk about yields, we talk
about the Fed.
Yeah. Five years of high inflation test
patience.
And yeah, Mr. barking
because he's got some quotes out there.
Let me see if I can bring this one up
right away.
Are they in here as well? Let's see. All
right, I'll pull up the quotes.
Yeah, there's going to be disagreement.
They're going to have a good discussion,
right?
You had Lisa Cook out there saying
hiking too soon could compromise the
labor market
on a speech on Wednesday may not be
necessary if inflationary pressures
begin to ease. I tell you, wages going
up.1% month over month, folks, and
nobody being able to get a job for
months.
That's the economy right now. Okay.
Yeah. Wages flat. Jobs
non-existent. We're going back three
months, but that's a case, and I say it,
I'm exaggerating, the ever most
slightest, right? Three-month basis,
we're adding 20,000 jobs a month, folks.
That's it. That's nothing, man. You
know, we get revisions of 100,000 down,
right? Maybe those 20,000 we just added,
maybe they'll get that's almost in the
that's in the span of, you know, your
confidence interval, basically.
Jump over to Ford shares. Positive with
the market today. Quite a recent
pullback. You were at 17 in early June.
You were at 16 just two weeks ago. We're
tra at 14 bucks right now, but the
journal's got a piece right on their
front page today.
They're going to have a family sedan of
a Mustang. No, I kid. But a four-door
version of the Mustang, the first for
the automakers pony car and broadening
its consumer appeal. And you know, as
somebody folks myself that drives a
smaller coupe with two doors, and I have
a young son, right? And it works, but
it's not the easiest, right? He climbs
in there. He's a big man now. Um, but I
do I have a two door. So, you know, I
look at this and I look at the next car.
My car right now is a 2018 with over
100,000 miles. still runs great, but at
some point in the next few years, I'll
have to get a new one. I say to myself,
I'll probably get a four-door. Um,
probably something like that.
You know, I'll pull up
some of the cars that
Let me see if I can because it makes me
think, folks. You know, every time I see
every time I see the price
of the average vehicle that people buy
in America, right? And so, occasionally
I look at vehicles that
just what is the market? Okay. Right.
There's phenomenal cars, folks, for
$30,000
when, you know, I have a BMW, so they
send me BMW ads all the time. And I just
want to see what the used market is. And
I I like getting a certified pre-owned.
I don't like buying new cars if you can.
Okay? You get a nice car that's a few
years old. Maybe it's got 20 or 30,000
miles on it. You get a nice warranty on
the back end from the manufacturer.
Okay? And I mean, some of these just pop
up. Look, I was just googling, okay, at
any any place. You're talking about a
2023. This is just cherry-picking cuz
you know, and I'm like just going off
topic here, okay? But this car, they
want to sell it to you for 34 grand. So,
you know, you have wiggle room in this
economy, okay? Make sure you tell people
when you go in and you're negotiating,
did they see the Did they see the July
jobs numbers? Do they know that people
are losing? No. Hey, everything's a
negotiation, right? Um there's no way
that they're hard fast on these prices
right now. No way. But nonetheless,
their their price they're trying to tell
you that they'd sell it to you for is
$34,000.
And it's a great car, folks. And I'm
biased cuz it's similar to what I have.
But you're talking about a 3-year-old
car with 32,000 mi. And I'm pretty sure
that would be fall under a certified
pre-owned. If it's not this one in
particular, you can get them. So, you
know, and that's a small car. I get it.
Okay. You know, you need a family car.
That ain't working, folks. All right.
But they got four doors that are pretty
close. And you don't need a
three-year-old BMW with 30,000 miles
either. My car runs great, man. My car's
8 years old with 110,000 mi. Runs great.
So, it always blows me away a little
bit, but nonetheless, Ford. Yeah,
they're going to have a four-door
Mustang. Man, I'm not sure it expands
the full context of what you're looking
for, though. That was going to be the
final thing is that it's really not that
big of a deal, folks. the difference
between a twodoor and a four-door. You'd
be surprised how big my back seat is
with a car that looks similar for to the
one that I was just bringing up there.
Okay, the back seats
are great. Okay, they fit child care.
They're real seats. Okay, you got two
real seats. You don't have a middle
seat. So, you got two real back seats.
And then the back seats fold down. And
your trunk,
okay, your trunk can of course act. I
can fit an 8ft Christmas tree in that
BMW I just showing you basically in a
small, you know, basically low-end,
right? BMW and I can fit an 8ft
Christmas tree and I'll pull up to put a
Christmas tree in there and they'll
think it's going on the roof and I'm
like, "No, it's going inside." And they
look at me like I have three heads. But
then I put the back seats down, pop the
trunk, they slide it right in, it goes
right between the front seats and so
it's not even a storage deal. And my
coupe back seat is arguably a little bit
bigger with room leg room than the
four-door.
Went a little off tangent there, huh?
And yeah, what does happen in those cars
though, folks, is that number one,
you're supposed to be putting more
expensive gas in, right? The European
vehicles. And number two, of course, the
service. Okay? And yeah, they get you on
the service, man. Um, you know, my dad
had quite the Mercedes and oh man, he
would tell me the bills. He He couldn't
even replace the brake pads on his
Mercedes, folks. You had to replace the
whole rotor cuz that thing was a beast.
And yeah, you couldn't even replace the
pads. He would tell me every time he had
to do it, the whole rotors. And what do
you think they charged you for a beast
of a Mercedes at the dealership when
they changed your new rotors, right?
All right, folks. One more segment. S&P
is up by 42. We're coming right back.
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>> The reality is that navigating financial
[music] markets can be risky.
Markets can be chaotic and difficult to
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[music]
Welcome back, folks. 7777.
Let's go play those slot machines, man.
Lucky sevens across for an S&P right
now. And this would be a weekly all-time
high close. And how's that for a weekly,
man? You're breaking away. [snorts] And
decent volume. You know, you're not
going to take up what we did last week,
but decent volume. You're coming in at
nearly 6.5 6.6 million shares on the
week on the futures. You jump over on
the ETF structure, right? Decent volume.
You're not going to get above what we
did last week, though. 244 coming into
288. We'll see what we get on the close.
VIX at 1489, man.
Gold holding on to $100 gains at 4403
right now. GDX up 7%. How about SpaceX
today? Right. SpaceX
[snorts]
up 14.3%.
What's Elon got? Does Elon Elon has like
Does he have six billion shares of this?
It's It's something to that degree,
folks. It might even be 8 billion.
I'll have to figure it out. Nonetheless,
big day for the big man Elon. SpaceX up
14%. I joke. Pretty remarkable numbers,
though. uh they drive lower on their
numbers and then you get it all back and
then some in the span of a couple days
and you're going to finish above even
that spike high on their on their
earnings. Pretty remarkable. And
remember folks, if you're looking for
okay, single stock leveraged ETF
direction liftoff two times the bull
single stock direct uh SpaceX ETF.
They're daily investment vehicles,
folks. But yeah, on a day like today,
man, look at this thing up 28% and all
that is is two times what SpaceX is,
which is 14%. And in terms of liquidity,
you know, direction folks, they are a
sponsor. Okay, I would talk about their
products. Anyway, look at this volume. 9
million shares and that's on Liftoff. 9
million shares today on that ETF. You
talk about some liquidity, they got some
great products, folks. Check out
direction on the front page of TFN and
Liftoff. S&P's up by 41, folks. Thanks
for spending your time with me. I
couldn't appreciate it more. Couldn't do
what I do without you. Enjoy that
weekend, folks. Enjoy it. Spend your
time wisely. We'll see you Monday
morning. Have a great weekend, folks.
Thanks so much. building.