AMD & Celsius Shareholders GET READY‼️

$4.775 million, new all-time high in the history of the public account here today. Congratulations to everybody out there. That is very, very close to all-time high. You already hit an all-time high here today. Uh, unbelievable, right? Uh, public count continues to climb to $5 million. So, there's a few things I want to speak about in today's video here on the reaction channel. Okay, first up here, we're going to talk about some stocks I'm some new stocks I'm interested in buying right off the bat. Then if you're an AMD shareholder, I got some information regarding AMD that I want to share with you. If you are a Celsius shareholder, I got some new fresh information regarding Celsius sales, those sorts of things. Okay, after you get done going through that, I want to react to some videos since this is a reaction channel. Jeremy Lefay makes money. Stock market has used up a lot of capacity, says Jim Pollson. I'm looking forward to reacting that one, sharing my opinions and perspectives there. Lizanne Saunders, market rotation itself is the new momentum trade. Looking forward to reacting that one. And last reaction I'll do here today is Julian Emanuel predicting market roller coaster ahead. Oh boy, I can't wait to get into that. Okay, I appreciate you all for joining me as always. Thanks so much for being here, folks. Thank you for being subscribed to the channel. Uh if you have not already done so, one thing I need before we get rolling here, I just need you to smash that like button. Make that thumbs up button glow. I'd appreciate that in the biggest way. Okay. All righty, ladies and gentlemen. Let's talk about some new stocks that I'm interested in potentially buying here that have my attention. Okay, listen. I'm looking at you, Bath & Body Works. I'm intrigued. I'm intrigued. I'm going to be keeping a very close eye on Bath & Body Works here. Uh, this stock, I've been keeping an eye on it, I would say, probably this whole year. Haven't started a position yet. And, you know, we'll see what happens here over the next few days. So, I'm definitely keeping a close eye there on that one. Okay, the other stock I'm paying really close attention to and keeping an eye on is RH. RH, another one I'm definitely keeping a very close eye on and watching that one. Those are two stocks I have zero shares of right now, but I'm keeping a very close eye on them. And you might eventually see me start a position in those two particular companies. Very, very different companies. They're both retailers, right? Uh they just compete very, very differently in the market. Bath and Body Works is the type of place that really, you know, anybody can go there and shop and buy candles and soaps and lotions and all those sorts of things, whereas RH is obviously very very high-end. So, keep it a close eye. Uh, Bath & Body Works far less risky than RH. Uh, RH has more likely long-term upside though, so do keep that in mind. Bath and Body Works a really good value dividend stock. If we take a look here, let's see what Bath and Bodyworks dividend is. Let's take a peek here. Bath and Body Works dividend. It looks like a yield of about 4 and a.5% roughly. So, it's a strong yield. Keeping an eye. Keeping an eye. Okay. AMD. So, what's going on here with AMD? Okay. First off, hey, let's address the elephant in the room. Okay. Listen. tomorrow after the bell. So, 24 hours from now, guess what happens? Nvidia earnings. Uh, personally, I hope Nvidia earnings are good. They're going to be good. They're going to be good. There's just a question of how much are they going to beat by I think if they missed on anything, they missed on their last quarter numbers, they missed on guidance, that would I don't even know what would happen. That would be shocking. Like shocking uh very low probability of that. But hey, all things are possible in the market. The market has had shock and off periods before, but uh not so realistic, right? So likely Nvidia is going to come in to beat. The question is how much are they going to beat by? Uh the key is they just need to beat by a couple billion dollars. And I know that sounds insane, like a couple billion dollar beat or a few billion dollar beat, right? Uh and they'll keep Nvidia around 200ish, right? If you really need that stock, if you really want that stock to explode higher and you want to try to go 250 on Nvidia, you need you need like a $4 billion beat on on the guide. Uh so that's a it's a big boy number. I don't know if they're going to be able to do that. $4 billion beat on guide. So the moral of the story is Nvidia earnings going to be great. It's just a question of how great. And um that's going to affect obviously all the semiconductor stocks including AMD. Although AMD is a competitor to Nvidia. We have to, you know, discuss that. But Wall Street just upgraded. So Raymond James just upgraded AMD to a strong buy from outperform pointing to gains in market share for AI accelerators and data center processors. Um that's going to be, you know, the story that you're going to see heavily over the next 24 to 36 months. It is just really starting. Capital has initiated coverage with a bullish $550 price target. So, they have AMD going to 550, right? Over the next year, because when analysts do this, it's a one-year price target. Listen, AMD, I think this year goes, you know, 650 plus this year. And I know that seems insane because it's like it's in the 400s right now. And this year doesn't have a lot of time left. We got what, four months left in the year. But I think AMD is going to go on an absolute just riper rally through the end of the year, right? And I was speaking on about that on the main channel last night. I don't know if you guys follow the main channel. Um, this video has 81,000 views so far. I released it 21 hours ago on the main channel. It's called Financial Education, right? And I was talking about a bunch of different stocks in that video, right? Uh, but one of the stocks we spoke about at the end of the video was AMD. And I was talking about, hey, AMD, I think it's going to go on an absolute ripper rally between now and the end of the year, right? But the the biggest thing you got to remember here, right, is don't get cocky with it. Don't get arrogant. Don't think, okay, AMD is probably going to go on a riper rally. I'm going to play call options. I'm going to margin out things like that. It might not like like what if the market goes down substantially? What if we have a what if we have a 2018 where the NASDAQ goes down, you know, 25% in the fourth quarter or something crazy like that? Who's to say that can't happen? So, you're not going to see me saying, "Okay, AMD, I'm pretty confident it's going to go on an absolute ripper or rally through the end of the year, right? I'm not going to go margin out on AMD. I'm not going to go buy call options. It's foolish games, right? Um, I'm going to look at AMD from a longer term perspective." And that's the same thing that got me in the stock when it was hundred something dollars, right? And has made us fortunes of money. And so, that's the way I look at every every stock out there. Like, don't get caught up in all the the short-term stuff, right? And if you're somebody that is long-term focused and you want to focus on like building your wealth over a long period of time, I teach you all this stuff in depth inside the private group, that is the pinned comment down there here today. Become the most confident investor you can and uh get yourself up to a much higher level where you're not just gambling money in the market and doing silly things and not knowing what you're doing. You want to be confident when you go and make your decisions. I can bring you up to that sort of level and you can learn directly from me inside the private group. That will be the pinned comment down there. Apply to join us in there. Okay. All righty. So, uh, next up here, let's talk Celsius holdings. So, what's going on with Celsius? Well, brand new data. I actually shared this in my private group here today. Oh, you know, myself and this is one of the other great features of of the private group that maybe gets overlooked as a Discord chat with all the six, seven, and eight figure members, right? We're always sharing latest numbers, data that's going on out there. Stuff that, you know, people won't have any access to or have any clue how to even get access to that stuff, right? I'm just one of, you know, 3,000 members that are in there that are constantly sharing all the stuff about all these stocks, right? And so before I I I saw this when the news came out 15 minutes, somebody in the private group had already beat me to it. They'd already posted the news before I got to it. So that just goes to show you the type of people we have in the private group, right? It's amazing group. So here's the deal, okay? Energy drink volumes rose 7.4% along with uh with 1.8 8 uh average price increase, right? 1.8% average price increase for the latest 4-week period. Monster volumes rose 5.2% with a 3.6% average price gain for the latest four weeks. That's really strong numbers from Monster there. So, if you're a Monster shareholder, I'd be very happy with those numbers. Red Bull volume grew 3.7% with a 1.3% average price increase for the four weeks. So, decent from Red Bull. Celsius holdings including Alani New volumes were up 4.2%. So they outstripped Red Bull during the quarter or during the latest four weeks I should say. But uh they actually got beat by Monster. So you know we we should never lose to Monster. We should never lose to Red Bull. Like the goal should always be we have to beat Red Bull. We have to beat Monster every four-week period, right? And obviously it's hard to do but we that's what we got to aim for. Now, the other interesting thing about this was we had the biggest price average price gain for the 4-week period, 3.9% as versus Red Bull was at 1.3% and then Monster was at 3.6%. And the category itself was at 1.8%. So, you know, that's something to be factored in there and you have to say, did we raise price too much? Right? So his family 10% volume drop was offset by Alani News's growth of 38% for 4 weeks. So Alani New is tearing it up. As simple as that. But you know we we have to address the elephant in the room in regards to Celsius. Okay. The elephant in the room is the Celsius brand has to get back to very strong volume growth. Right? The volume growth has been disappointing on the Celsius side. Not on the Lani side. Lonnie's doing amazing. And so, no, this is one of the other beautiful things about having two great brands, right? Is yes, Celsius isn't doing the best right now as far as volume goes, but Alani is doing amazing, right? And I'm sure there's going to be a time period in the future, I don't know if it's a year from now, two years from now, three years from now, when Celsius brand is doing amazing and Alani is not doing as good, right? And so, does this change my conviction on Celsius? I don't feel less bullish for sure after this news here today. I if anything I feel more bullish or the same as maybe I felt 24 hours ago before I heard of this news. And so the moral of the story is here Celsius has a long-term great runway of growth and especially as long as you're you're confident in the Celsius brand longterm and you're confident in the Alani brand long term and I'm confident in both those brands long term and so I think Celsius is uh you know obviously a stock to own for the next several years and it continues to show momentum. You know, you're looking at that stock here today. It was up a percent even on this news. And so, what happens? You got to ask yourself, what happens when Celsius volumes start going up a bunch again, right? Unless you just think Celsius volumes are going to go down for the Celsius brand. Uh what happens when they start to go up again? And I don't know whether that's this next period we're in now at this point in time, right, where we'll see those numbers in four weeks or so, or if it's the next period. But I'm very confident Celsius volumes for the Celsius brand will get back to positive momentum. So you got to ask yourself like what happens when that happens and then you have Alani New coming in with big numbers and Celsius brand volumes up and what happens when Celsius takes back over the crown of biggest volume growth, right? I'll tell you what happens. Celsius goes to $50. That's what happens in my opinion. Celsius sees a five in front of it. And so, yeah, if all of a sudden, next thing you know, like let's say in the next month or two, you you get these Celsius numbers out and you see volume was up, I don't know, 10%. 12%, something like that. Watch out. You know, you'll see Celsius go $40, $50 quick, right? And obviously longterm, I believe that's a $100 plus stock. Okay. All right. Let's react to some Wall Street >> newsletter. Pollson Perspectives, longtime economist and strategist. Jim, uh, it's great to see you. >> Thanks for having me, Mike. Mike, great to see you as well. >> And, you know, it's it's funny because the narrative has been actually all about a potential overheat, right, of of capex, of yields going higher, of earnings being almost too strong. Uh, but you're you're trying to, I guess, navigate around that immediate news flow and say maybe, uh, we're losing some of the thrusters of this market. What are you focused on? >> I think so. I think uh what bothers me about the stock market a little bit I guess is I think it's used up a lot of capacity and then we're starting to put some pressure on it. I think that you know just quick on capacity if I if I look back to 1950 uh the price level of the S&P 500 to its trend line average it's 60% above that the earnings on a trailing 12-month basis are 60% above trend line the price level being that high is only that higher at the top of the dot and earnings have never been that high above uh trend line levels so there's you know how much higher can they go earnings estimates compared to historic uh norms have been much higher uh almost record setting amount going back to 1990. Uh so there's a lot of optimism in those earnings numbers overall. If I look at you know profit margins uh they're they're at record highs. If I look at labor costs to GD uh overall GDP they're they're at record lows. If I look at investment spending to GDP it's at record highs uh compared to the post-war period. how much capacity is there left to squeeze more profits out of this uh in that basis if I look at what investors are doing household equity holdings as a percent of total financial assets are record high household cash holdings to the market capitalization of the stock market is close to record lows you know uh if you look at valuations they're not all record highs but they're they're fairly high and and if I look at sentiment in the market you know at best you can say I think it's complacent Um, you know, you got a lot of people that have been used to buying the dip and it's worked out okay and it's that's what they think is going to continue. No one's worried about recession anymore, Michael, because we haven't had one for 16 years. >> I just think it's a vulnerable market and then we're bringing some >> Oh, hold your horses. Whoa, whoa, whoa, hold your horses. One flipping flapjack in a moment. Where do I even start? Where do I even start? First off, sentiment in the market has been garbage for years. Okay, look at the AI investor sentiment. This is a in, you know, they've been doing the AI investor sentiment uh survey since the 1980s. Okay, the last several year stretch has been garbage. Totally garbage. Like overwhelming amounts of people bearish week after week after week. Bearish on the next six months, bearish on the next six months. Very rarely is there a number of bullish individuals that's significantly above the average. And so it we've had in my opinion over the last several years one of the most hated bull rallies uh in history just to be quite frank and certainly the most hated bull rally of my investing life which is 18 years right haven't seen a recession since you know the great financial crisis basically saying you know I call BS on that we we we definitely no doubt we definit definitely had a recession in 2020, right? And then uh you know, and you can say that one was a little different cuz you know, government came in to help blah blah blah, but I mean you know at one point there was like what 20% plus unemployment like it was ugly. And I mean my city Vegas, I'm looking at the big, you know, picture in my wall on my wall there, a big painting of the Las Vegas strip. I mean the whole strip was shut down. Did we forget that? Like every single person that worked on the Las Vegas strip had no job for several months. Like it wasn't like it was just like a week or a day. No, they had it shut down for a long time, right? And then even when the strip opened back up, it was like like a small capacity. So like those workers weren't even making much money. So you know that 2022 2022 you know into the beginning of 2023 had a lot of very recessionary feelings around it right and uh I mean the consumer got destroyed by inflation we had we had a recession that they didn't call a recession in 22 right and um that was you know that was not a good time housing's housing's awful like have you seen the housing numbers like the housing numbers are worse than they were in the great financial crisis. It's the worst you've ever seen in in any time in the past several decades in regards to, you know, selling a home. So, in terms of existing home sales and then if you want to take the population, divide that out by the existing home sales numbers, this is insane. Like, you haven't seen this bad in decades and decades. Like, you have to probably go back to the early 80s or 70s or even before that. Like I don't even like this is this is you know we're going through a period in regards to housing. So I mean I could I could attack more but I don't want to spend you know six hours just going against this one guy cuz I still got more Wall Streeters to react. >> Sure. You know we're raising the long-term bond yields. Real money growth is you know maybe averaging one and a half% in the last year year and a half. The dollar's still within 8% of its all-time record high going back to 1970 in real terms. Yeah. the federal deficit it, you know, has been contracting over the last year and a half. So, there's some things I think bringing pressure, including like oil prices uh on the system that's already kind of at full capacity. >> Yeah, you you make a good case that you know the pendulum in many respects seems to be pretty far in one direction uh on a lot of those different measures. And then I guess in the maybe more immediate term, uh what are you thinking about the pace of economic activity? It seems like you think there's waning momentum. Maybe that helps to drag down Treasury yields uh but not to the benefit directly of stocks. >> Yeah, the key here, you know, if you look at, you know, capital spending's on fire and there's no doubt about it. Investment is on fire in that side of the economy, but the consumer is definitely slowing down. You look at non-far payroll employment or this morning's ADP numbers that been going back over the last few weeks weakened again. Retail numbers from Johnson Redbook or the last retail sales reports down. housing activity is is fairly punk uh overall. So I I do think that that there's momentum slowdown. The cityroup US economic surprise index has fallen from 60 to 25. It's starting to really show a slower economic momentum uh going on. The question will be if rates do come down here under slower momentum, how will the stock market react? Right now like today rates are down. People are less worried about inflation. It's a good thing. But I think inflation fears are going to kind of moderate and I think recession fears are going to enhance. And if that occurs, we may go through a period yet this year where lower rates coincide with falling stock prices rather than the other way around. >> Okay. So let's uh address that, right? So so what do you do as an investor? You're listening to him. He's telling you, you know, it's possible that rates go down, stock market also goes down, stocks go down, right? Sure. That's possible. So what do you do? You look right through it. You look right through it and you keep investing and you keep buying. That's just what you do in the market. And so regardless of what your fears are, you buy right through it. I don't care, you know, market goes down, all of a sudden everybody gets freaked out about recession over the next, I don't know, four months. Let's say, let's say, you know, AMD doesn't go on the run, like the whole market just gets destroyed over the next four months. S&P 500 goes down 30%. Right? Just boom. Oh my gosh. Recession fears amp up. Uh yields go lower, but people look at it for the wrong reasons, right? And it's just a mess. What do you do? You buy as heavily as you can. I don't care. And it doesn't matter. You know, that's what that's a smart move to make over the past 100 plus years. What do you think it's going to be over the next 100 plus years? The same thing, right? And the problems we have are not new and they're actually much more mundane than previous time periods. I don't care what time period you look at. Like it was a lot scarier in the past. I could point you to time periods in the past that were a lot scarier than it is right now. A lot scarier. So, um, yeah. I mean, it's natural for humans to think like their time period is dramatically different than everybody else's time period and this time is different, right? But these things just go in patterns again and again, right? And so the moral of the story is look right through it. You buy the whole thing. Um it probably doesn't come. If it does come, you just be thankful that you get to buy during that particular time period and you load up. So you know, look past the fear. You got to look right through it. Like uh like you got like something on your eyes that you can see through a wall, right? Weren't there some Mission Impossible movies that had something like that? Market rotation itself is a new momentum trade. This should be interesting. Center for Financial Research, chief investment strategist. Welcome back. Thanks, Scott. Nice to be here. >> Are we just sort of uh in a in a holding pattern here before we get Nvidia and then ultimately we hear from Chair Wars at the end of the week? >> Yeah, but I but I I think it's also consistent with the kind of churn and rotation that the market's been in for quite some time. I think rotation in and of itself is the new momentum trade and I think increasingly there's a lot of money sort of playing those rotations. uh whether it's the institutional side, the commodity trading advisors, systematic funds, the long short hedge fund community playing off each other's positions and you get these really swift moves that sometimes might appear to just be churn waiting for to your point Nvidia earnings, the the Jackson Hole speech, but I think it's just part and parcel of the mechanics of the market these days. >> Do you think that this week is pivotal in how this market trades from here because of what lies ahead? >> Depends on what Nvidia says. depends on what Worsh uh says. You know, Nvidia for all the discussion about concentration within the market, there's actually become less concentration when you look at the influence of a cohort like the Magnificent 7. But where you do still see significant concentration is at the earnings level. So, if you look at 2026 year-over-year estimated earnings for the S&P 500 and you look at the top 10 stocks providing those earnings, Nvidia is number one and it's 18% of overall S&P expected earnings growth in 2026 relative to 2025. You add Micron, which is another 14%. That gets you to 32%. That's a third of expected earnings growth this year coming from two stocks. So, we may have alleviated some of the concentration problem as it as it relates to the weights within the indexes, but it's still there from an earnings standpoint, which is why it's such a pivotal report tomorrow. >> It doesn't usually. >> And that that's what's scary for the stock market next year. And that's something we're going to have to come to grips with in 2027. Listen, if you're looking at 2028, are you going to be able to get the big earnings growth from Nvidia, from Micron, the memory stocks, from Amazon, Meta, Google, those sorts of companies? The answer is no. Unfortunately, there's just not going to be the money to push into massive amounts more of Nvidia chips. So Nvidia in my opinion has trouble growing the business in 28 potential of shrink. Uh the memory chip companies like yeah they're making a fortune right now and they're going to make a fortune in 2027 but if you think their earnings are going up massively again in 28 and it's not happening. And so, and then all those companies like the Metas and the Amazons and the Googles and all those companies, their earnings are going to be down down Chinatown because of how much they're going to be spending this year and next year and the depreciation hits those are going to take, you know, next year um and in 2028. So, that's a serious thing you have to you have to look at next year in regards to why especially next year you could get some drama, right? assuming like we just rip rally this thing through the end of this year. Next year could be a crazy one. Um I know Tom Lee's super bullish on it, but I'm like dude, I don't know if you're looking at the risk of next year. So what do you do as an investor? You buy right through the whole freaking thing. So if next year's mayhem craziness, right? Let's say once again, let's say the remainder of this year rip or rally, right? We rip all the way into the first quarter and then you know things start selling May happens. sell a May and go away happens next year and then it's just brutal back half of the year, right? Let's let's assume that happens. You buy right through the whole dang thing. You buy the best quality companies you can possibly get your hands on and scoop up as many shares as you can, baby. Okay, let's keep rolling. You know, trade that well on the back of earnings. But some are suggesting that this report has more to do with everything else than it does Nvidia itself. I mean, we know the report's going to be good. We know the commentary from Jensen Wong's likely to be good, but there are hundreds of stocks quite literally that could move based on what they do and what he says because they're all so tied in the ecosystem. That in and of itself is why this report looms so large, >> right? and the ecosystem has gotten so much more diverse and broad and it's why you're seeing uh plays down the cap spectrum into other sectors that at least on the surface might seem to only be peripheral beneficiaries and I think that's been the name of the game in an environment where the monolithic decision decision of yes or no to the max 7 has given way to more connectivity between prices and uh fundamentals and a broader swath of opportunities not just in the AI and AI related space, but obviously in the the energy space as well. And I just think that there's a lot of money looking for different and shiny new objects than what was the case say last year. >> Are you feeling pretty good though about where the market is? I mean, there's a lot going on. There's, you know, the momentum factor hasn't traded all that well. Now we have this worry in the bond market, the intervention by Treasury. We still got to figure out what's happening with Iran, whether that situation's going to get worse before it tries to get better. So, there's a lot here. The reason why I think the markets traded so well in the face of a lot of that is because the earning story is so compelling that it just trumps everything else >> for for now. The one note of caution regarding that is when you get earnings growth to such an elevated level, especially absent, what what can cause earnings to jump significantly when you're coming out of a recession, you've got the base effects occurring to the benefit of the earnings growth rate. That's obviously not the case this time. The base effect in the case of last year was still strong earnings growth. The one thing to be mindful of is that better or worse can often matter more than good or bad. So at some point we're going to price in the inflection point. There's going to be less of that extrapolation out into the future. And it's one of the reasons why periods where the S&P earnings growth has been more than 20% has not been disastrous for the equity market but kind of low singledigit more middling kind of returns because of that function on the part of equities to price in that inflection point to to understand when things stop getting better and they start getting worse. We may not be imminently at that point, but I think that's another reason for some of the churn is it's increasingly on maybe more radar screens than it was a quarter or two ago. >> Okay. Um, nothing else to add there. Let's get into this. >> Let's finish this conversation we were having earlier. I think it's something you want to talk about about Nvidia being an inflection point for the market and you're seeing a lot more risk post Nvidia earnings. Looking at the VIX only at about 15. You're saying that's a bit low. It >> it is definitely low. Look, seasonality aside, we've been talking about it just these last few minutes. This is one of these times where the most important relationship, the most important chart in the world is the 10-year yield. It's not always that way, but this is one of those times because the pressure has been on the bond market because it's going to be very incumbent on yields to remain in check into September when there's going to be renewed issuance. the capital markets, you know, we've taken a couple of weeks here and the capital markets are are going to open up again and there's just going to be lots and lots of issuance not just from hyperscalers, not just from global sovereigns, of course, from the US as well. And all of that feeds into this idea that you are at a potential inflection point where the other part of the narrative is that earning season is over. And earning season, as we all know, has been an incredible catalyst this quarter was an even more incredible catalyst uh in in April and May. But that's now behind us. And so what you're left is with is the kind of of uh setup that we've seen several times along this bull market where you're just hanging out with macro risk. >> So Julia, when you have your bull case of 9,000 by year end, you spend a lot of time on yields there. So I'm going to ask you out of three things or maybe it's a a a three of them, is it earnings, yields, or FOMO that gets us to your bull case? >> Well, it's definitely FOMO. No question about it. And you know, realistically, when we suggested 9,000 at the end of the year, at the beginning of of this year, um we're not going to get there this year, but we do feel very confident that sometime before this cycle ends, we will get to a number like 9,000 because if you look at these structural techdriven bull markets, whether it was the work from home uh 2020 into 2021 or of course the one that everyone is talking about, which is Y2K, today as a comparative, you always got intense amounts of FOMO, surges in capital market activity, and you know, there are going to be bigger and more significant IPOs ahead of us. >> Okay, so Julian, you're talking about all this FOMO, but at the same time, you're making a call on negative beta stocks. That's not sexy at all. I don't think anybody fears on missing out on negative stocks. Talking about names like McDonald's, PepsiCo. Why put the money there right now? And for a sexy guy, by the way, to be going on sexy with your pics, >> you would be you would be shocked at at the eyeballs at negative beta because, frankly, if you think about it right, part of why you've had the sharp moves from time to time that you've had is because essentially people that use hedges, index hedges, lost tons of money owning puts and and gave up on that at the times when it was was necessary. But actually what we found is these negative beta stocks which correlate inversely to the S&P day in and day out are actually a way to get index-like returns and get diversification from the fact that everything looks like the AI trade. Uh you know and we think there's more legs to go there. >> By the way, according to your research, it's like a quarter of the S&P is a negative pa stock. It >> it is it is incredible. But you know, no question. and and we can certainly understand energy and we can certainly understand how there's more software names given how software behaved at the beginning of the year. Less understandable are places like utilities and uh insurance stocks but as we all know financials have been on fire uh this year but they've been more a story about the rise in yield. So, it kind of makes sense that uh on rising yield days when the S&P is pressured, maybe insurance stocks do well. >> So, the the I would say the thing that I'm hoping for personally in regards to the market is I would love it if the market rallied hard through the remainder of this year, right? Um, I would love it if the VIX stayed in in a lower place and I would love to pick up some put options on maybe the Q's and a few other things at the end of this year or the very beginning of next year um to give myself some good protection for 2027, right? But that's a higher level game that you don't have to play that game. Okay? Like I'll play that game because you know what I have in the market. But I mean, you know, don't think you have to hedge your portfolio. Do like the simple way to hedge if you're not super advanced in the market and you know, you don't have the sort of capital to even worry about stuff like that. Simplest way to hedge, you know what it is? Keep a little more cash around. Build up a cash pile. And I do that as well um in time periods where I don't see as many attractive opportunities. But my thing is, even if I'm not totally bullish on the full overall market because some of the issues we might have in 27 in regards to top of the market, I'm actually very bullish on tons of the smaller stocks. Let's call it the under $20 billion market cap club. There's a lot of those stocks that I think are kind of like real economy type stocks that I think are going to do great um in 27, 28, 29. And while maybe the top of the market has a little bit of an issue, right? Which once again goes to show you being a stock picker wins, you know, because you can look at the opportunities wherever they exist in the market. Yeah. Is it work? Oh, yeah. It's work. But damn, does it pay good. Oh, does it pay good to be a stock picker, baby. Okay. If you want to become the best investor you possibly can and you want to join the private group, there'll be pinned comment down there. You can apply to join us in there. And uh let's get you steel membership cards to send to your house. Much love and have a great