My Stock just EXPLODED‼️

0:00 $3.6 million. Wow, folks. Uh public account, $3.6 million plus here today. We're going to talk about the public account here at the beginning of this video, where I see the portfolio going. Some of the stocks we'll talk about in that portfolio as well. I want to zero in on two stocks specifically I need to talk about where these stocks are headed. Fubo, massive move here today, up over 9%. SoFi is shocking. This stock is up like 175% in the past one year. up another 6% here today alone. We'll speak about SoFi. We'll speak about Fubo in this video and kind of where I see those stocks headed from here. Looking forward to reacting to this one. Morgan Stanley's Mike Wilson who was bearish for the longest time. Now he's saying equity rally is more fundamentally driven than many appreciate. I'm looking very forward to

0:47 reacting that video and this one. Oh, baby. Tom Lee went on CNBC. I am looking super forward to this one. Tom Lee went on CNBC. This is still the most hated V-shaped recovery. Looking forward to hearing Tom Lee's perspectives and opinions. Kind of sharing my uh two cents in regards to that. And then last one I'm looking forward to reacting to this one is Stephanie Link on why she went 9% cash in February to 1% today. Now that's going to be an important subject not just to hear what she has to say and kind of me making some points off that, but Wall Streeters how they allocate money and how you kind of can understand a little bit more about the cycle you're going into next in the market and understanding kind of Wall Street's perspective on this. So Pizzy action-packed video. I appreciate y'all joining me as always. Just got back from my uh unplugged vacation. I appreciate y'all joining me. One thing, one thing,

1:33 all I need from you guys. One thing, please smash a like button. That's all I need from you. That's all I need. Smash a like button for me. Yeah, it was a beautiful vacation. It was my wife and uh myself. We went down to play de Carmen. Look at this. This was a sort of vibes. It's just beautiful. What can I say? This is a private dinner they threw for us. I mean, look at this. is is only us in a cave. I was in a cave in Mexico. Like, you couldn't beat it, man. Bringing out some of the best food ever. It was amazing. So, now funny story. I have a funny story for you in regards to this whole saxophone situation. Okay. So, it was all cool. It was all good vibes when my wife was there, right? But

2:20 then she needed to go to the restroom at some point. We, you know, they kept bringing out wines. You know, every single dish they got to give you a wine to pair for it. Man, you're drinking so much wine. It's ridiculous. Okay, so next thing you know, you know, she's gone. Now it's just me at the table and saxophone man's, you know, playing these romantic songs and I was looking at him and he's looking at me playing these romantic songs and I'm and picture me. I'm at this massive table all alone in this cave and this man's playing me like I start I started being like, "Oh shoot, man." like this doesn't feel right anymore. I Oh, it was a it was a whole situation. I couldn't I was counting the minutes till she got back. Please come back. Please come back. It was a whole situation. So, anyways, that all happened. Uh but yeah, great vacation.

3:05 Great time to unplug. I did pretty good in terms of not trying to uh post on social media, not trying to do stuff. I did post one video on YouTube during the the weekl long trip. I did do that. I posted one on the main channel. bad boy. I think I posted on X maybe twice the whole week. Uh I think I posted maybe once on Instagram. I think I posted maybe three things in the private stock group in the Discord chat during that whole week. So it was supposed to be on plug vacation where I didn't do any of that. Listen, for me this is a win, okay? For me to only do that, that's a win. Okay? No, something very exciting I got for you guys coming here is a Fourth of July sale on ThousandX Stocks. We're going to do a 1-day sale for 4th of July 4,000X.

3:52 Uh, usually membership's $99. We're going to do it for $49. Full access to,000X for that particular day. And that's full access to the entire software platform we have. That's every single feature. Every single feature that you see me use on a daily basis. You will have access to all that. They'll include the education portion, all of that stuff. So, I hope you guys enjoy that. That will be the pin comment down there. Enter in your name. You can enter in your email and then if you want to receive the deal via phone number, you can receive it via text if you want. That's up to you guys. Uh I know some people actually prefer uh to receive a deal like that, you know, via phone number just because like you know, like not everybody checks their email on a daily basis, especially on Fourth of July. like the deals on Fourth of July. You might be at the pool party, you

4:38 know, and it's like then you miss a sale and then you're like, I missed the Fourth of July sale for 1000X, you know, and you miss that sale, like you know, it's it's over for you. And when you do join us in there, you will receive your Steel membership card in the mail, your ThousandX Steel membership card. It's a beautiful card. So, you'll receive that in the mail once you get the deal. And that's regardless whether you join on the monthly basis or whether you join on uh we're actually doing a deal uh $1,500 off a three-year package for that as well. So, hope you guys enjoy that 1000X. We just keep making it better and better and better. The reviews have been stellar in regards to 1000X. People have been loving it and uh you know, obviously having a lot of success for it and whatnot. So, yeah, make sure you guys get access to that. That will be the pinned comment down there. Okay. All righty guys. So, let's

5:23 get rolling here. Right off the bat, uh, public account, you know, breaks through another new all-time high here today, $3.6 million plus. Remember where this portfolio was? You know, we can call it 33 months ago. This portfolio was around a million dollars 33 months ago, right? And now it's $3.6 million. Like, what a come up. Like, incredible, right? To have appreciated about $2.6 million in that time. Insane. So, and obviously I add money over time, right? Like I do, what do I do in that portfolio? I add $500 every single week in there now. So every single Friday I invest $500. Everybody in the private stock group gets to see the moves I'm making, you know, in that portfolio every single week. So, you know, it's not like it just appreciated $2.6 million. But let's

6:09 be honest, if the great deal of that $2.6 million of appreciation the past 33 months has come from, you know, stocks going up. Obviously, here's a deal. Okay, this portfolio is headed to four plus. If if if Meta can really get rolling here, I understand Meta's pretty much at alltime highs right now. Meta hasn't even had its big roll yet. If Meta has its big roll, it baby's headed to a,000. If that happens, this portfolio is on its way to $4 million and we'll go well over $4 million. Okay. Secondly, if AMD continues this sort of momentum, let's say hypothetically,

6:54 uh their next AMD's next earnings should be out in about a month. Okay, let me see. Yeah, it should be out in about a month from now. Maybe potentially less, but around a month from now, roughly. Okay, if AMD comes in, here's what I think is going to happen. The numbers are going to be good. The guidance is going to be great. when that guidance comes in and it's insanely strong, which I think it will be, AMD stock's going to continue to fly. If AMD stock continues to fly because it's becoming such a big position now that it's appreciating so much in the portfolio, we're headed to $4 million. So, I I haven't owned a ton of stocks in there. Obviously, Nike getting momentum now is great for that portfolio, right? Palunteer, obviously, that's a major position for me in in the public account. You know, SoFi, all

7:40 these other stocks, and we'll speak about SoFi and those. I own Fubo in that portfolio. Those are like smaller positions. Fubo, Sofi, those sorts of stocks. You know, big dogs are things like like Meta, things like, you know, AMD. And so, it really comes down to Meta and AMD. And if they do what I think they're going to do this earnings season, we'll be talking about a public account that will be over $4 million quickly here. Now, if if Meta lays an egg, if AMD lays an egg, if obviously the whole stock market, you know, goes through a time period in the next couple months, then, you know, $4 million, we'll we'll we'll still hit 4 million at some point, it just won't happen soon. But my guess is, considering how risk on the market is, considering that we keep kind of knocking down these kind of bearish points one after another after another,

8:26 considering I think the market's going to get more and more excited as rate cuts get closer and closer, I think there's a decent probability we could hit $4 million in that portfolio sooner rather than later. So, we'll see. Um, regardless, we're going to hit 4 million eventually, right? And then we're going to be talking about 5 million, which will be a huge milestone for that portfolio when it hits 5 million, right? And then the next big one after that is 10, right? And so, uh, you know, it's always just focused on the next double, the next double, next double. And when we hit 10, you know what we're focused on? 20. You know what we're going to be hit? When we hit $20 million in a portfolio, you know what we're going to be focused on next? 40 million. 40 to 80. 80 to 160. When we're at $160 million in a portfolio, we're going to focus on 320. 320 to 640 mil. And then

9:12 we go 640 to a billion. public account a billion dollars someday. You just wait on it, baby. Someday. Someday. We'll see. We'll see. Okay. That would be a dream come true. Imagine. Imagine. Imagine running the public accountants. A a billion dollars. Could you could you flip a flapjack with a billion dollars? Oh my gosh. Okay. So, next up here, Fubo, SoFi. What's going on with these stocks? So, Fubo was interesting. From my understanding, there was a ridiculously big buyer out there today. ridiculously big buyer. Like there's levels to big buyers and this was a big big buy from my understanding from, you know, and I I looked up a lot of stuff on X here today cuz I was trying to figure out like what's going on here with Fubo today. 9% plus move. That's

9:59 random. Uh, you know, it's not like today was some insane risk on day for the market. The Russell was up.1%. The Russell's up.1% and you got a small cap stock like Fubo up 9 plus%. Okay. Uh, that's interesting. But I believe there was a big buyer out there today that purchased over 500,000 shares. Not not a small amount of shares, especially for a stock like Fubo in one like whole bunch there. So, um I don't know, man. But things like that, when I see big buys like that come in just random, it does kind of make me think, does somebody know something about the Disney deal? Is that going through sooner rather than later? I don't know. I I have no clue. But when I start hearing or seeing things about major big buys

10:44 coming out of nowhere on a stock like Fubo that sends a stock up 9 plus% here today, I start to question does somebody know something, right? Like if Fubo was up 1 2 3% today, I'd be like, okay, you know, whatever. That would still be an abnormal move considering the Russell was only up.1%. But considering there was no big news on Fubo today and the stock moved 9 plus% and then you see a buy order come through with like 500,000 plus shares, it's kind of like makes you think, does somebody know something? Now, you might say, if somebody knows something, why wouldn't they buy calls straight up, right? And I think that's a fair question. Here's the thing. If somebody does know something, right? calls can get triggered a lot easier um

11:29 in terms of somebody getting in trouble for that if they do have some sort of inside knowledge on you know the deal going through in the next month or two or something like that with Disney right the whole Hulu deal and essentially like you know authorities could get involved much easier if you're doing some sort of um you know if you have some sort of inside information there and you do calls it's much easier to uh you know trip things up a 500 100,000 plus share order could be seen as whatever. If somebody was buying specific call options that let's say expire 30 days from now or 60 days from now because they had some sort of inside knowledge that maybe the deal is going to go through, right? Which this could just be a random buy. It might they might have nothing to do with the a deal going through, right? It might just be somebody's very very bullish on, you

12:15 know, some funds bullish on on Fubo for the next blah blah blah time, right? But it might be something else. I I don't know, right? And so, um I don't know. We'll we'll see. We'll see what happens with the whole situation. But the moral of the story is in regards to Fubo, my thoughts around Fubo stock short-term short-term I got to say, is pretty bullish. Why? Well, we the numbers have been continually getting better. We're about to get closer and closer to football season. Football season's great for Fubo signups. I in my opinion, we're getting closer and closer to the deal with Disney going through, right? Which is very very bullish once that situation is

13:02 resolved and goes through. So, as time's ticking on here, I think the cards are getting more and more in favor of Fubo and Fubo investors as we kind of play down the the road here over the next, you know, 3 to four months. You know, the worst case scenario is somehow that the Hulu deal got blocked. I just don't see it. I don't see that Hulu deal getting blocked. I think, you know, extremely high probability that Fubo deal is going to go through. That's my personal opinion on that, right? Just kind of understanding the regulatory environment, Fubo's positioning, Hulu's position with live TV, like it's hard for me not to see that deal go through. And so, as we're getting closer and closer, you just have a lot more positive stuff going on, right? A lot more positive stuff. And so, you know, in long term, like, you know, we'll see. Maybe Fubo can become a massive giant,

13:48 but time's got to tell there. SoFi. Here's the deal with SoFi. SoFi is is is a runner and a gunner. Like SoFi at this point in time, the fundamentals just keep getting better and better for the company, right? Uh the revenues have been skyrocketing. Their amount of customers, which they call members, has been skyrocketing for the company. As long as they keep that trend going, it's going to become more and more apparent that SoFi is on their way to becoming a financial giant. Right? Anthonyto's clearly clearly shown that he wants to keep the company as asset light as possible which makes SoFi more of a partner to other big banks and financial institutions rather than competitor cuz SoFi can go ahead and say you know what we're going

14:34 to get these loans on this loans on that but we're going to sell them off to other big financial institutions big banks or whoever right who wants to buy them best best offer you guys can have them right um and so and obviously Soi with their Galileo platform that continues to be a great partner for a lot of the traditional banks. So, you know, I think they're just a really tough company to compete with. And as long as Anthony Notto doesn't overlever a company or something like that, like SoFi's got a great next 5 10 years ahead of them. Like a great next like it's probably one of the most exciting stocks for the next 5 to 10 years. As long as Anthony Notto always keeps the company as asset light as possible, gets them through future recessions. Like there will be recessions in the next 10 years. My guess is we'll have two recessions in the next 10 years. You know how I get

15:20 that guess? Because that's about what you would expect every 10 years. Probably two recessions. One will probably be a big one, nasty one. And one will probably be a lame one. That's just what happens about every 10 years. That's like look at the last hundred years and you'll see that's what usually happens, right? So as long as he gets them through those recessions like the world so you know sofi's looking good, right? All righty. Next one up here is Mr. Mike Wilson. Equity market is more fundamentally driven than many appreciate. US equity strategist and CIO. Uh Mike, great to have you uh with me here. It's it's it's a fascinating round trip we've had right since early uh I guess since February in a sense. Where does the market sit in your mind relative to all the the kind of

16:05 important drivers, right? I mean we had this tariff policy scare and then a little bit of relief off of that. But in terms of the fundamental picture, technicals, demand for stocks, and all the rest of it. Yeah, good afternoon, Mike. Uh, yeah, I would say I mean the the tariff scare was sort of the the final piece of what had been a correction that started almost a year ago. I think you've had some guests on today even talking about, you know, like semiconductors for example. I mean, they had a horrible second half of the year as did many other groups. And I I I always like to say that markets sort of bottom on bad news. They also top on good news. And we basically had a lot of bad news through the end of last year in the first quarter that people didn't acknowledge. Most notably just all the policy headwinds we had on immigration enforcement. We had Doge which was

16:52 supposed to cut a bunch of spending not very growth positive and of course tariffs. We also had you know AI AI capex deceleration and the deepseek announcement. So we just combined a lot of information into a short period of time and the Fed of course has been on hold and I always I kind of view liberation day more as capitulation day and we sort of cleaned out a lot of things. Now throw on top of all of that the and here's the thing for these stocks like like if we were talking about Fubo Sofi some of those like let's call it the under well actually SoFi's market cap I think is over $10 billion now so they're kind of growing a bit right but really thinking about the under10 $10 billion market cap type companies right here's the deal as we get closer and closer to rate cuts there's a decent probability the Russell

17:38 could go on a major run right no guarantees but there's a decent probability as you get closer and closer to rate cuts. As long as the economy looks like, okay, economy is holding well next few months, there's a decent probability the Russell could go on an absolute ripper rally as you get closer and closer to those those rate cuts, right? And as you actually finally get those rate cuts, uh Russell's obviously been held down in recent years by no rate cuts, right? And uh obviously the highest interest rates, you know, people have seen really in the past 15, 20 years. And so if we can talk about Fed funds rate going down, inflation not a concern, tenure going down, generally speaking, that's very very bullish for the Russell. And so people will pile into the Russell, which when they pile into the Russell, they're going to be

18:23 piling to, you know, just a lot of these small cap stocks. And so do keep that in mind. And you know, if I had to guess what stock in stock market index of these four performed the best over the next four months, I mean, my guess is the Russell 2000. That that would just be my guess considering looking at the economic data we're seeing, looking at rate cuts are likely coming, right? Um, and you know, the Fed's going to start their next rate cut cycle. I mean my guess is the Russell would be the best performer in the next four months but just my guess of the policy going kind of growth negative and now we're looking at some of the growth positive policy changes for example the tax incentives in this bill deregulation some of the things we're talking about doing with

19:09 capital controls you know that's what we have to look forward to and that's what the market has gotten ahead of and and the one variable I think as you know Mike we've talked about this many times the most important variable for stocks is earnings and and most importantly earnings revision and earnings revision breath and if you looked at a chart of earnings revision breath which we published in today's note it's a V-shaped recovery and it's as powerful as we've seen since co so the expectations just got too low and so it's not irrational at all for stocks to also show a V-shaped recovery and here's the deal the numbers about to flip over here which is going to be very interesting here since April yeah in fact we're showing that chart uh right now and and it is pretty stark als yeah The other interesting thing is this is right around when the market bottomed,

19:55 you know, end of 22 going into 23, right? And then very interesting. Wow. Yeah, that's a that's a good chart there. I actually really like that chart. Might be have to be something I show in videos more often. Though I would note that it's it was a pretty similar trajectory, you know, into the spring of 2023. You know, we're up at about the same level. We bottomed around the same point in terms of earnings revision breath. You know what's different now versus then when I think you weren't so pleased with the riskreward for stocks? Well, back in 2023, what I would say the difference then was it was extremely narrow. Now, it's still a little bit narrow, but nothing like 2023. 2023 was coming off of what was a very sharp earnings recession in 22, particularly in

20:41 technology shares and some of the consumer names payback from COVID. and the the Fed, you know, they were still sort of in hike mode. They weren't even close to thinking about cutting rates. So, that's different this time. It's a we think this is going to be a broader recovery. We've gone through a massive uh so I would call uh uh rolling recession and I think with the Fed cutting in the second half of this year or next year, we could see a rolling recovery because now there's quite a bit of pent-up demand particularly in those interest rate sensitive parts of the market. So, where are we rolling into next? I guess is the question. I mean, we, you know, you can sort of observe just from a top down level. Okay, we're back up to 22 times forward earnings on the S&P 500. Obviously, you can slice and dice it, uh, and come up with something lower for the typical stock. Uh, but in terms of this this technology

21:28 large cap growth bias that the market has had for a while, is that changing? Are we finally going to broaden out? I think we're going to see those stocks continue to do well. they have tremendous earnings power, but what can broaden out is financials, uh, some of the industrial space, which I think Chris was talking about earlier in the show, uh, and then even some of the mid and small cap companies once the Fed starts cutting interest rates. I'll go back again to interest rate sensitive parts of the market. You know, I can name six or seven different areas that have been in a recession for the most part for the last two years, whether it's manufacturing, housing, housing related, autos, uh, consumer goods, and all of those are very interest sensitive. So I think those parts of the economy is what we're looking forward to for 2026. And then of course AI, right? So AI, we spent all the money on capex. But now what we have to look forward to

22:15 is the application layers. So basically what Mike Wilson kind of lays out here. Okay, listen to him closely and then I'll take you guys through this. I could name six or seven different areas that have been in a recession for the most part for the last two years. Whether it's manufacturing, housing, housing related, autos, uh consumer goods, and all of those are very interest sensitive. So I think those parts of the economy is what we're looking forward to for 2026. And then so what he just laid out there, right, interest rate sensitive, right? And that kind of being the play for 26. Interest rate sensitive. If you talk about what people view the most interest rate sensitive stock market index is the Russell 2000, which means what? That means this man's basically calling that the Russell's going to roll next year.

23:01 Right? Here's the thing. People play for the future. They're not going to wait to buy the Russell until next year because, well, next year is when it's going to roll. No, no, no, no. They frontr run that. It always happens. And then it becomes like a self-fulfilling prophecy. They start front running it, right? Everybody starts buying it up before you get to that actual moment before you get to 26. And then boom. And then everybody's like, "Oh, the Russell's run." Like, is it going to continue to run? Maybe it does, right? And then you kind of get the late buyers actually coming in 26. people get ahead of these things. Of course, AI, right? So AI, we spent all the money on capex, but now what we have to look forward to is the application layer. That's why a lot of these software stocks are doing better and the and sort of the diffusion of that technology into the broader economy. I think that's what the market is getting excited about now. That's why

23:47 multiples are high. They're saying the earnings power potentially could be higher than anybody's expecting next year because of margin expansion from AI efficiencies. And I think that's something to think about as we as the market broadens out next year. In order for all those positive factors to really take hold, what do you have to assume about where the tariff rates and and it kind of the breath of the tariff uh protection settle out? Yeah. I mean, we've had a view for quite a while. We we've always viewed this as sort of a an import tax, a VAT tax, a consumption tax. And I think what they're driving towards is sort of a 10% VAT is essentially the way I think about it. It's a consumption tax. And it's a tax, okay? No doubt about it. But it's shared amongst importers, exporters, and consumers. Consumers will not eat all of that. And I don't think there's a ton of

24:33 pricing power. But if we can kind of get to that point sooner rather than later, the market will look forward because companies can mitigate that. Companies can manage that. They what they can't manage is the back and forth, you know, 30 40 50% tariffs and I'm going to get my supply chains reordered. But if we can kind of settle on that 10% number, which is a big revenue generator, by the way, that's three to$400 billion a year, that's a good place. And I think there's a decent chance by the second half of the year we could get there. Yeah. You know, when it comes to all this stuff, you know, it's a tax here, but then another tax is taken off, right? So, the the big beautiful bill, they're going to get some taxes definitely taken off uh folks in some ways, right? So, but then you might end up paying for through tariffs, right? In terms of cost of different things going up. So, you know, it's kind of the I've always fascinated

25:20 me over the past 16 years because I watch politicians, they'll, you know, in the political parties, they kind of like take taxes off here and they use that as talking points, but then like new taxes are added in other places and in other ways. Some shows up directly and you feel it. Uh, some, you know, maybe you think you don't feel it, but your pocketbook actually does feel it just without realizing you're you're feeling it essentially. So, um, yeah, it's always always interesting in regards to that whole political games. Okay, next up here, Tom Lee and overall right now because we're looking at both the S&P 500, the NASDAQ, and the NASDAQ 100 all closing at new highs again on Friday. It's the best quarter uh for technology since the second quarter of 2020. What's happening and how do you see this playing out?

26:06 Well, this is still the most hated V-shaped rally, and it of course has a lot to do with when stock stocks fell in a waterfall decline into April. Nobody likes to be sitting on stock. So, a lot of folks liquidated at the lows, but we know that whenever the VIX is above 60 and falls below 30, you've made a decisive low. And now visibility is better. You know, tariffs aren't as bad as we expected. And the inflation impact actually has been and if you follow me on X and obviously I was talking about this on the YouTube channels, right? But Tom Lee started to follow me on X in the month of April. And do you know why Tom Lee started to follow me on X? Cuz I was posting some very very good information

26:52 regarding the VIX. And when the VIX hits certain levels, it's always been a buy. Never has it not been a buy in the history of the VIX if you go back. And I was posting that data on my ex page. I was also talking about on YouTube on the main channel here on the reaction channel. But I was posting on X back then and Tom Lee decided to start following me on there when I was posting some of that stuff, right? Um, by the way, if you ever want to follow me on X, it's always linked in the description area down there if you do use the platform. But, uh, the moral of the story is here, okay? If you want to know when it's always a great time to buy stocks, VIX goes 50 plus. It's always a great time to buy stocks. 30 plus good time to buy stocks but you might get a better opportunity but just because you might get a better

27:38 opportunity don't always bank on that opportunity. So, you want to still be deploying pretty heavy when the VIX goes over 30 because the VIX might not get to that 50 plus level, but if it does, if it goes 40 plus, you better be just flooding the as you know, cash in the market. And if it goes 50 plus, woo, you better be buying with us. You know, that that's a time you just got to deploy all the ammo you got. When you see VIX going 50 plus, you know, when it's made that stair step from, you know, usually what happens, it will go from whatever level it's at, 12, 15, 17, whatever, hits at 20. Okay, that's a level that starts getting interesting. You see 25. Oo, okay, now we're getting really interesting. 30, all right, we got to start taking this serious. We got to get deploying.

28:24 You start to go 40, you better be flooding the market with cash. And 50 is like whatever I you will fix 50 plus whatever I got left for ammo get it out there right. Um because usually short usually within a few days or a few weeks of hitting a 50 plus the market bottoms. So you know it's rare it's rare it even gets to 50 plus but man if it does you got to take advantage. We've got to buy that dip heavy, very muted. And actually outside of tariffs, underlining inflation's actually much lower than people expected. And I think the Fed is, even if they're holding now, the bond market doesn't believe it. If you look at the 2-year, they're they think the Fed's two cuts behind. The 10ear is now

29:09 down to 42, which means the Fed can be more doubbish in the next 12 months, and that's a tailwind for stocks. Can you explain how we have this big beautiful bill which people are saying $3.3 trillion added to our deficits and everything else and yet you're looking at the tenure coming down? Yes. It shows you that markets don't view the US's debt sustainability purely as its budget. you know, because I I think there's a lot of hidden value on the US balance sheet from natural resources to buildings they own to the value of gold is undervalued. And in a way, when people say the US can't find buyers of its treasuries, it's actually finding it. It's going to be stable coins. Stable coins are going to replace any

29:54 foreign holder of treasuries because is that a tempor temporary situation? Like once you do that to a certain level, then sort of living in its own universe. True. It depends. I mean, stable coins are 250 billion today. Um, you know, the total circulating supply of dollars is in the, you know, nearly 10 trillion. So, stable coins can grow. A lot of stable coins transactions happen outside the US. So, dollar dominance could actually be much higher in a stable coin world. But it's but yeah, but you know, the main thing is it's at 4.2% the 10 year. And I think that that means the bond market isn't as concerned. I mean, right. But we thought that the bond vigilantes were going to say, "No, Mas, we're not doing this." Yes, I think the

30:40 bond vigilantes are essentially correct. The US should be not be running a deficit like this, but for whatever reason, we're not at the levels yet where debt sustainability is a question. Could that change? I mean, it's weird when these when these sentiment changes come, they usually come without warning. That's right. Uh, bond markets run on confidence. So there'll be there may be a moment where the bond market loses confidence as long as the dollar is Jamie Diamond's worried about that. Yeah. And you should pay heed to Jamie Diamond because he you know he has his finger on the whole economy. Um where where you still look at your year- end target is 6600 still. So that's up about 8% from where we closed on Friday. Yeah. Uh I think that the now the important thing you got to

31:25 understand about the discussion they just had there about you know bond market eventually freaking out about all this is I've been hearing this be talked about since I got in the market 16 plus years ago constantly right and sometimes it gets talked about a lot more than other times but the moral of the story is this is always talked about um this like day of reckoning and it might eventually come right bond market eventually like had enough and treasuries just go crazy and you know no one thinks the US can pay debt but that's you know the same argument that's been made since I got in the market 16 plus years ago. So just understand that um it's nothing new today. It'll be talked about again next year. It will be talked about every year. Um some years are going to be very

32:13 seriously talked about, right? But the moral of the story is the US just buys its own debt and it's just in such a great position all the time. It's got the strongest companies. It's got the strongest economy in the world. It's got the strongest defense in the world. Like you know um at the end of the day it's the best place to play. Reason people don't think there's more upside. I think there's upside is 6600 because the PE of the market got the best banks, got the best uh stock markets like you know can go up a lot. We already had five shocks. We had It's got all the companies that are leading in the next generation of technologies, AI, right? Software, hardware, everything. The supply chain shock, the inflation shock, the Fed, fastest hikes in history, and

32:59 then we had the tariff shock. So, five shocks in five years. Five years. Yeah. And earnings kept growing. If we if this was like a stock, we'd say, "Look, if you tried to kill it five times and it still grew earnings, we would put a much higher multiple on it." Jim Chamos was was talking Bloomberg the other day and and said that what we're seeing right now in AI reminds him of a lot of ways in the docom bubble. Now the numbers and the earnings are are very different, but he was talking about the Cisco and the Lucent and some of those those companies that were selling the things to shore up the internet. And I think he's looking at all of the capex spending that's taking place and saying it's great for right now, but it could change drastically and relatively quickly too. Yeah. Um, you know, I was a tech analyst

33:46 during that time. Um, I I think it's very different. You know, we have to remember the internet boom was companies like Yahoo creating web pages that were raising venture capital funds to create web pages. So the purchase of the equipment was based on like creating web pages, right? AI is actually has use cases like replacing workers. So you have true dollars for a company to measure how much they're saving. And so until we get to the point where AI doesn't save you any money, right, then it's a bubble. But maybe it's under, right? Yeah. So, uh I mean this is a debate that's been talked about so many times in recent years. Uh you know, in recent years really since um everybody

34:32 started talking about AI heavily in 2023, right? AI was talked about before 2023, but obviously since 2023, uh it's been talked about very heavily and and the moral of the story is as long as companies can get positive ROIs and they still continue to spend and positive ROIs mean different things for different companies. Some companies it's about market position like some companies are spending heavy now so they can be the premier thing in AI for whatever thing they're going after, right? Meta is a different thing than what Google's going after. Google's going after a different thing than uh maybe Open AI is going after. Open AI is going after a different thing than uh Microsoft's even going after, right? And Microsoft owns a huge portion of Open AI. Um and Microsoft's going after a different thing than maybe Salesforce. Like

35:18 everybody's got their different angle and Salesforce a little different than Palunteer. So, as long as it's helping companies save more money than they're spending or it's helping them get in a better market position for the next decade, right? That's what it's going to come down to. And so, you know, you look at Palanteer, like people are going to continue to buy Palunteer software and sign up for three year and fiveyear deals for them. As long as Palunteers continue to save them much more money than what somebody like, if somebody spends $10 million a year in Palunteer, but it helps them save 20 million, they're going to stay signed up for Palanteer's products, right? Um, you know, if it helps them make an extra 20 million a year and they got to spend 10 million, they'll they'll make that ROI investment, right? Um, Meta is going to continue to buy all these Nvidia chips and AMD chips and things like that as

36:04 long as it's helping them show even more relevant ads to folks, right? Get time spent on app up uh which means more money spent, better ads for their folks that are, you know, actually advertising on there, all the small businesses, mid-size businesses, and large businesses. That means they'll spend even more money if the ads are performing even better. This is what it comes down to. But eventually, could they start getting diminishing returns? That could happen, right? And then that's when the whole AI cycle slows significantly. It doesn't stop. Just like the internet didn't stop, but you go through a major slowdown cycle. And that's going to eventually happen. What year does it happen? It's going to be probably a multi-year thing. It'll probably be a two or three year major slowdown in

36:52 terms of AI spend. I mean, it could be 27, it could be 28, could be 29, might be into the 2030s. I don't know. Like, it's it's not 2025, and it's not 2026. That I do know. Is it 27 or 28? Maybe, you know, probably not, but maybe. Is it, you know, 2029, 2030? Then I would say there's a higher probability. Eventually, you get to this major slowdown cycle where it's like, whoa. And then there'll be a multi-year cycle just like the internet bubble when that popped, right? Um, but yeah, I mean, you know, between now and then, there could be a big party to happen. All right, next one up here, Stephanie Link. All right, it's a holiday

37:37 shortened trading week. Yay. And today is the last day of the second quarter. The S&P 500 and the NASDAQ both closing at record highs on Friday. So, let's talk markets, right? Wait a minute. Wait just a minute. Why would we look forward to a holiday weekend? That means the market's closed. I don't say yay. I say boo. We need the market to be open every day, man. You know, when when when you're making money in the market and it seems like every day you open your portfolio and it just goes up and up and up. You want the portfolio. You want you want the market to be open every day. When you're going through the bare markets and it seems like every day you open up your portfolio and it's lower, you start to say, "Hm, can they keep this thing closed? Can we get a holiday weekend here so I can not lose money for once?" Right? Uh but when you go through these

38:24 bull markets, man, come on. We don't want the market closed. We want to open every day. The only good thing about, you know, a holiday weekend is, hey, hey, we got that big sale coming up for 1000X on 4th of July. Make sure you check out the pinned comment down there and uh get ready for that sale so you can be notified when that deal drops, baby. That's the deal of the century. Get your Steel membership card. Stephanie Link, the chief investment strategist and portfolio manager at High Tower Advisor. She's also a CNBC contributor. Steph, listen. You pull out one of these on a date. It's way better than a American Express black card. It's not even close. Like they see they see the thousandx card, they're going to say h like how much money do you have? Like oh my gosh, you've got to be like the

39:09 richest person in the world. Oh my gosh. Are you like investing for Jeff Bezos? You got thousandx stocks. What? You're the real deal. Holyfield. Oh my god. Looking at some pretty decentsized gains in the futures this morning. The Dow's up by 225 points coming after all the gains that we've seen recently. And I think when I was reading through your notes, the thing that jumped out the most is you went from 9% cash in February to just you got a 1000X membership. You know what you do? You say, "Oh, oh, you have dinner in a cave. That's cool. I own a cave." Okay. I own my own private cave. I don't need to go on vacation to eat in a cave. Okay. I own my own cave. That that's that's what you do when you're a 1000X member. There's

39:55 levels. 1% cash now. And if you could, you'd be buying more even at these levels. Yeah. Uh and it's great to see you, Becky. Um I think the the message is is that we are actually getting through a lot of the unknowns, right? We were very worried in April, in March and April, because we just didn't know what was going to happen with regards to to tariffs and trade, geopolitics, inflation, the Fed, and we're sort of chipping away at all of those things. Now, we don't have answers on all of them um or any of them actually, but we're starting to get more clarity and I think that is why the markets are acting better and as a result, I think we can focus on the economy and the economy. We

40:40 look at the Atlanta Fed tracker. Last week, it came in at about 2.9%. So, you're running at about a two 2 and a half% GDP in the first half of this year. That should lead to better than expected earnings. Earnings right now are expected to grow for the second quarter 5%. I think you're easily going to see double that. Easily. And that is bec. Whoa, that's a big statement, Stephanie Link. You flipping my flapjacks here. That was a big statement. Listen, do I think that's possible? Shoot. I mean, now that I think about it, it's possible, I I'm a little more conservative than her on that. I do. I think, you know,

41:27 overall it's going to be better than what Wall Street's expecting. Yes, absolutely. No question about that. But double double shoot, I don't even think I'm that bullish. And what does that mean for the market in the short term? I could tell you that's going to mean very good things for the market short term if that does play out. Oh my gosh. because of the momentum that we're seeing in the economy. The interesting thing is yields continue to go lower. We're actually at a six-w week low in terms of yields. That's good for equities and you have $7 trillion of cash on the sidelines. That's all not going to come into the market, of course, but you do have a lot of people that are kind of taking this wait and see approach and you can't do that. You actually you actually have to buy ahead of the certainty and that's what I was doing.

42:13 Do you think the Fed's going to cut rates? And if so, is it going to be for for positive reasons like it's okay because we've gotten inflation under control or do you think it's going to be for bad reasons like uhoh, there are some wobbles in the economy and in the job market? Uh well, I am watching the labor market. You and I have talked about this. The weekly jobless claims is the most important data point for me in terms of jobs, and that has been inching higher, but you're really nowhere near recessionary levels. um we're at about 235,000 weekly jobless claims uh for the 4-week moving average. You get to 260 270, that's when I start to worry a little bit. Recession is 350 to 375. We're not we're nowhere near that. So, I am watching the labor market, but I do

42:58 think the inflation has made a lot of progress and I think maybe not July, but I do think that maybe the Fed goes in September because yeah, they can and they should. Okay, let's talk financials. Um, you wanted to talk about the stress tests that came after the close of the market on Friday. They were better than you'd been anticipating. Yeah. Yeah. Um, and and I think, look, I think you want to be in tech, industrials, and financials. Financials is actually my favorite sector right at this moment because I do think the valuations are still very attractive. And yeah, the stress test came out on Friday, much better than expected. The stress capital buffers came down on average about 120 basis points. I think expectations were down for about 50 basis points. So much better than

43:43 expected. I would tell you the winners are Goldman, Capital One, Mnt Bank, and Wells Fargo. But just about every big bank saw their stress capital buffers come down. What does that mean? That just means that they're going to have excess capital so that they can actually now buy back more stock. In fact, Brian Moyahan two quarters ago said as soon as we get some of these regulations to ease, he was going to be buying back something like 20 billion in stock. So, I expect this week we're going to hear from a number of companies and they'll be they'll be buying back stock and they'll be increasing their dividends. The stocks are like 11 12 13 times earnings, one to one and a half times book value. Uh and the yields as I mentioned are likely to go higher. Um and so I I think that's where you want to be. And so here's an important thing.

44:30 You know, I know probably not a lot of people watching this video right now are very interested in buying bank stocks, right? Unless maybe it's SoFi, but here's an important thing you got to understand about bank stocks and what they mean for the market. When bank stocks are doing well, people traditionally feel like 99% of the time they feel great about the market. As long as bank stocks are doing well, it's a it's a very important barometer for Wall Street. Like Wall Street's not going to feel good if Wall Street's going down. What is Wall Street? Wall Street are the banks like they are the banks and they're everything connected to the banks and the hedge fund communities which are all connected to the banks. So if JP Morgan stocks going down and Goldman Sachs is going down, right, and all these other financial related companies are all going down, it it's

45:16 not a good like omen. It doesn't feel good for investors. It doesn't make them feel bullish, right? Which makes them say, "Yeah, I should invest in the market right now." But when those stocks are doing good, they feel even more comfortable about putting money into the market. So when financials are doing well in terms of the stocks and the business performance, it gives a great just feeling around the whole stock market. Gets everybody very bold up and says, you know, let's get deploying more and more money into the market. And when they are sitting on bigger and bigger profits, they say, why do I need to take profits right now? The financials are doing great. But when that flips, you get the you get the other side. your bigger thesis on the financials is that people are underestimating just how important and how big this deregul deregulatory move is going to be. Yeah. So, it's they're going to relax

46:03 the SLRs. That's that's important. The Basel 3 endgame is very important. Um, and I think that the the the new news that I think is interesting is that the SEC is working with the exchanges to low to lower costs on companies that are wanting to come to market to to in terms of the IPO market. We are down from 8,000 publicly traded companies to 4,000 today. And that has to change, right? So, I think you're going to start to see a lot more in terms of companies coming into the market. You're going to see better M&A and that's also very good for financials as well. The activity in general is very good. I love that. I would love more companies to invest in. Like if you told me would I rather have

46:49 more companies to invest in or less companies? More. Absolutely. Like there's so many great opportunities out there all the time. Like I would love even more opportunities. Means I make even more money. Right now one thing scares me in regards to Stephanie Link there. Okay. Very important I explain this and this is so you understand a little bit about money flows, market cycles, market dynamics, those sorts of things. Okay, listen. Somebody like her, she's down on 1% cash, which means she really doesn't have any more ammo to put in the market, right? She's pretty much all in. Her chips are all on the table right now. That's not all Wall Streeters right now. lot still have a lot of ammo to put out there and get invested. But somebody

47:34 like her, she's she's all in. Now, the more and more Stephanie Lynx you start getting, the more and more you won't be able to get the market to go any higher because there's not going to be any more money left to go in the market. Now, she's probably early in regards to the Wall Streeters that are all in, but eventually you'll get to a point, especially if this market goes super bullish over this next, you know, two to four months here. you get to a point where a lot of these Wall Streeters and a lot of these hedge funds will then be allin. Guess when the last time they were pretty much allin was around January, February of this year. The Wall Streeters got extremely low on cash. They were pretty much all in the market. And then we know what happened after that. And market went down significantly because they all started

48:20 running for the exits and selling and selling, selling, raising cash, raising cash, raising cash, right? And so just put tremendous amounts of selling pressure on the market and that's how the you know NASDAQ went down what around 25% like snap of fingers just like that. So then they raised a bunch of cash. So then they're sitting on all this cash over here. Boom. Big piles, right? And then slowly but surely they start to deploy it more and more as the market goes higher and higher and they're still in that deploying stage, right? Eventually they'll get very low on cash and then it's going to be hard to get the market higher from there because there's not going to be much money left to come into the market. Now, there's always that $7 trillion, a massive pile of money. Very little of that pile actually ever ends up in the stock market, right? Cuz it just stays out there. Like, it's just the way it is. And so, you know, you get maybe a

49:07 hundred billion or a few hundred billion to come over, but you know, if you think all of a sudden, you know, that 7 trillion is going to go down to four trillion because three trillion is coming in the stock market, like it's just not that's not the way it works. So the moral of the story is here still looking good. But you know eventually these Wall Streeters are going to be like her. They're going to go all in and then it's going to be hard to get the market higher. So um you know like I said if this market just keeps going bullish bullish bullish we'll probably get there in maybe two to four months and then it'll be a very good time to hedge portfolios. And if you understand things about hedging like you know things will be looking very good. Okay. Fourth of July sale coming up here for XX. Pin comment down there. Click on that. Watch the video, understand everything you're going to get access to. It's absolute banger.