This 1 Stock will make the biggest move EVER now‼️

Look at those flapjacks being flipped just perfectly. Wow. Public count, big move here today. Up $62,000. Congratulations to everybody out there. Hitting alltime highs are very, very close now at this point in time. Uh some big moves. I mean, with just several stocks, right? Look at Meta here today. Big move there up uh almost $18,000 on Meta stock in the public account here today. Absolutely huge move, right? Um we'll speak about Meta at the beginning of this video here today. Palanteer with a huge move, a $13,000 move there. We'll talk about my feelings on Palunteer, where that stock's headed from here. Service Now, 10 almost $11,000 move there. Now $56,000 on Service Now. What a change from where it was a few months ago, right? Uh CRM, this one's one of the biggest changes. I was down like 30 plus,000 just a few months ago. Now up $72,000 on Salesforce. Congrats to anybody making making a lot of money on these SAS related companies. And uh we'll talk about these companies in this video here today. Honest is honestly a beast right now. $5,200 up on that one now up 66% up 93,000. We'll speak about honest in this video. So going so high now a double up on SoFi up $51,000 in the public account on a pretty small position relatively speaking up another $3,700 here today. We'll talk about SoFi and where that stock is headed from here. Lululemons moving down massively after hours. This stock is now down over 80% from the all-time highs the stock reached just uh about 2 and 1/2 years ago roughly. uh all-time highs 510 on this stock. So, that's a big one. So, we'll talk about what's going on with Lulu. We'll talk about my feelings on Lulu. We'll talk about Nike in this video because uh that's a stock I posted about that, you know, obviously is my worst stock out there. And I want to kind of talk about my feelings on Nike versus Lulu and um kind of like are all the stocks doomed and those sorts of things in relation to that. Then I want to react to this video, Snowflake. So, Snowflake surges. I want they're going to talk about SAS stocks. I want to share my opinions and perspectives there. Looking forward to hearing what the these guys have to say. The Wall Streeters and then Tom Lee. Tom Lee went on CNBC yesterday, spoke about his view on where this market's headed from here. So, always fun to react to a Tom Lee video as this is a reaction channel as Jeremy Fab makes money. Okay, I appreciate you all for joining me. As always, thanks so much for being here. If you haven't already done so, I need you to just please do one thing for me. One thing. Just smash a like button, hit that little thumbs up icon, make it glow for me. To everybody that's already done that, you don't even need me to ask. Like, you guys are are the best. you're well trained and uh you're really the top tier of the top tier. Okay, I appreciate y'all. Massive deal coming for you guys. This is the last sale of the year for the Patreon. We did a sale earlier this year for the Patreon and then this is the last one of the year for the Patreon. Uh so make sure you guys get access to this, especially if you have under a $50,000 portfolio. You're going to love this sale. Uh that tier, that gold tier is usually 145. It's 59 bucks for access to that gold tier on that particular day. So, if you want access to it, pinned comment down there. Uh, enter in either your email or your phone number and we'll send it over either via email or via text, however you prefer to receive it. Just make sure you don't miss the sale. Like, if you sign up for it, like if you check your email all the time religiously, put in your email. If you check your text all the time, you know, make sure you check your text. If you don't check either, you probably don't have enough money to scrape together $59 for the sale. Okay, that's access my become master stock market course, see the moves I'm making out there, and access to a lot of other things as well. That is the pinned comment down there. Okay, so let's get rolling here. Um, let's talk about where these stocks are headed in my opinion from here. Meta, Palanteer, Service Now, Salesforce, Honest, SoFi, these sort of stocks, right, that are making these huge moves. Listen, Meta, in my opinion, listen, I Meta is a huge position for me, right? I own a ton of shares in in different portfolios. Public account position alone, $610,000. I wish I could tell you Meta is going to break out, go a,000, go 1500 in the short term, but I believe Meta is still a rangebound stock. And so my belief on Meta is it's stuck between, you know, we can call it 500, 550 and about 700, 750. And so it bounces between these ranges and I feel like it's going to be stuck there until Zuck chills on the capex. And he's not chilling on the capex for probably still another year or two. And that's why like I have to always like differentiate my feelings on meta over the long term, meaning like the next five years versus Meta in the short term, which is let's call it the next 12 months or so, right? And so there's a big divergence between my feelings on on where Meta is headed from here, right? And so at the end of the day, I think it's just rangebound. And so it gets it's a tease. It's a tease of a stock. It's going to get everybody excited like, oh my gosh, Meta is moving moving moving, right? And then, you know, it just falls right back down. And so just is what it is. Um, you know, I wish I could tell you guys, oh yeah, met going a thousand this year, but you know, the capex numbers are just so out of control. It's, you know, it's just so difficult to get there. It's ridiculous. And so that is what it is, right? Palunteer. Palanteer up 13,000 on this one here. They up now 2,387%. Congratulations to everybody out there that's made life-changing gains on Palunteer stock over the past few years, right? Average cost 734. It's crazy. So, Palunteer, listen, same exact situation as Meta. It's a tease. And so, I wish I could tell you, oh, Palanteer, we're going 500. We're going 400 on this stock, right? U we're going to double this baby up from here. But the issue with Palanteer valuations really pushed and the comps, they have to they have to comp these numbers next year. It's going to be brutal. Like beyond brutal. And so, you know, we're going to go through a a a series of lower growth rates next year in 2027 and you know, because like it's just like it's not all things are possible, right? But is Palanteer going to come through with 100% plus revenue growth rates in 2027? No. I wish I could say, "Yeah, oh yeah, we're we're going to do that 100% plus." No, we're not. And so which means what's going to happen is decelerating growth rates for Palunteer. And so that's going to be very deflating to the stock. And so that's why I've told you guys, you know, I told called this last year, right? I said Palanteer is a stock stuck between about 125 and 200ish. And so it's going to bounce in there for probably several years where it's going to, you know, people feeling bearish about it. They're going to push down to 125, maybe even a little bit lower. They're feeling really bullish about it. They're going to push it up to about 200, maybe just over. But like that whole we're going to run to 500, we're going to run to 400, we're going to run to 600. Um, I wish I could tell you like, oh yeah, we're going there, baby. But I just don't feel confident about it, right? And so I still hold my position because I'm like, hey, it's a great company and who knows, maybe I could be wrong and you know, I don't know, they come in with 150% revenue growth next year. But yeah, Service Now, here's the deal, okay? And this is very different than those other two stocks. Listen, Service Now and Salesforce can continue to have momentum. Those stocks are still very early in on their run. Okay. Um, Service Now up $56,000 on this stock. The run's still early here. Uh, my opinion is we take a short-term top probably at some point in Q4, right? But, and I feel the same way about Salesforce. I have more belief in Salesforce than Service Now. Do keep that in mind. Um, and that's why I have a lot more money invested into Salesforce than Service Now. Now, some people feel differently. They feel more confident in Service Now than Salesforce. And to each its own. Um, I just I feel more confident in Salesforce's business model. And I feel more confident in Beni off. I love Service Now. Obviously, I wouldn't have $177,000 in a stock if I didn't love, you know, Bill McDermott there leading the company and their products and services. But I just like I feel like Salesforce is the one, right? Honest. Honestly, you know, this stock's going to remain strong. I spoke about Honest last night on the main channel, right? Main channel. If you don't follow, that's financial education. And listen, honest, this stock, you know, I I've made a call this year for since the beginning of the year. I told you guys honest exits a year, you know, $5 plus, right? And at that time, people are like, you're crazy. Because at that time, honest was like a dollar or two a share. People are like what calling for the stock to exit the year five plus? It looks like five plus is in the bag now, right? But my thing is I believe Honest is actually going to end up exiting this year somewhere between seven and nine. The financials are getting so good now. The margins are improving so much versus where they were a few years ago. the balance sheet so improved that I'm like yeah and then next year you're going to get revenue growth because you know you already got nice organic revenue growth but you're going to get overall company revenue growth because they already exit the product categories that honest sets up very well into the end of the year. I think that one continues to see momentum and uh SoFi going so high. Yeah, this one at the end of the day I think it's the most exciting financial to be in. I know it's between them and Robin Hood. They're always battling out. Robin Hood had a huge day here today. Robin Hood was up 16 and a half%. Congrats to anybody out there that owns Robin Hood stock. I really like Robin Hood. I'm just I'll buy Robin Hood in the next uh stock market major correction or crash we have, which you know, who knows when that is. That could be 3 months from now, 6 months from now, a year from now, two years from now, but that's when I'll buy a stock like Robin Hood because it's going to get absolutely wrecked when the market gets wrecked, right? And so that's when I'll step in and buy Hood. Um but for now, SoFi is the one, right? And so soi remains the um you know the the most exciting financial for me personally, right? All right, Lululemon, listen like you know I posted this on my X page. If you don't follow me on X, uh you probably should follow me on X if you use X that is right. I posted um I post a lot of stuff on X all the time, right? But I posted this late last night and about 92,000 people got to see it, right? This my worst stock in the public account by a mile. It's not even close, right? uh down huge on this position down 45%. It's just awful, right? Nike. And so that stock's been devastating to me. So I think we need to talk about Lululemon, Nike, all these stocks. I mean, it these are just haven't been the play the last several years with the consumer getting smacked, right? It just all the whole space has been awful, right? And that gives me actually some comfort because if it was one of those things where let's say everybody else is doing great and just Nike was doing bad, then I would be like, "Oh, shoot." But Nike's actually turned and this is the thing people don't understand about Nike. Nike's turned around their numbers in North America. I don't people know if people are aware, but they put out their financial statements and listen, they're growing the last several quarters in North America. Nike, they're not shrinking the business. It's growing. The issue with Nike is Asia, China. That's the issue for Nike. And so when it comes to that particular stock, they're clearing inventory this year. It's awful for the numbers, but they should build back. So, if you have growth in North America and then you can get back to growth next year in Asia, uh, we're going to have a party in Nike stock. And so, I understand it's just a brutal stock. Um, it is sucked. But you you got to say, what's the difference between a Lulu and a Nike, right? I don't understand how people don't understand this, but maybe it's because I'm from the sports world, right? I played tackle football for 5 years. I ran track. So, I'm like deeply in sports, always watch sports, right? But like to me, I'm like, "Oh my gosh, it's so obvious. People keep people People can't see the difference." Nike is the only company with a longlasting brand. And that's the only thing that gets you through these cycles. No one else has a brand. Lulemon doesn't have a brand. Aloe doesn't have a brand. Viori doesn't have a brand. Sketchers doesn't have a brand. Uh Hoka doesn't have a brand. On doesn't have a brand. None of these all those companies just fly by night. They're here today, gone tomorrow. Nike is the only company that has a brand strong enough to make it through decade after decade, generation after generation. And that's why I stay invested in it because when all the dust settles, they're going to be the one left and then they'll be the one in the next upcycle for the space that will prosper the most. And so it's so obvious for me to see, but I understand for a lot of other people like they're like, I you know, I don't get it. You know, I don't know what to tell you. like, you know, it's kind of like I mean, it'd be like if I was pitching Apple stock, you know, many years ago, Apple stock went through a kind of a rough time like, oh, back in what year was that? Apple stock was going through a rough time like 2015. And if you you're pitching Apple stock to like somebody likes Android, they probably wouldn't get it, right? There was a lot of people like, I don't get it. Like, why why why Apple, right? Like, you know, Android's better or like this and that. And it's like, you know, I understand. It's just hard to understand for some people, right? And so I can't get too frustrated about it. But believe me, there's a there's a big difference between longlasting brands that make it decades and decades and generations and generations and companies that will launch a hit product and that helps them build a business for five or 10 years. Retail's brutal. A lot of these other players I consider them retailers. Nike, I don't consider a retailer. Llemon's a retailer. Vori is a retailer. Alo's a retailer. Hoka's a retailer. Like all those companies, I view them as like retailers. Nike is a brand. And when you understand that, you understand the opportunity there for the next, you know, five, ten years. Snowflake >> to be done right now. Look at that. 21% that stock is up. Blowout earnings. That's a new 52- week high. I'll stay with you, Josh, for a moment because you flagged this in late May at when it was 205. Okay. In best stock. Good. Good job, JB. Snowflake, you know, I need to do a whole because I graded Snowflake's income statement a C-grade. It's a very confusing income statement um for a lot of people. So I need to I need to do a video in the private group explaining that probably tomorrow explaining snowflakes income statements in the market in late May the stock was trading at $25. UBS today goes to $500 was the highest one that we saw out of the group of of target increases today. This is exactly what you're talking about. And this is also playing a big role in why you see green all over the place today, especially in software, especially in the NASDAQ and tech. That's right, Scott. And I don't want to downplay the magnitude of this call that I made because along like me, >> I I'm full disclosure, I'm long the stock, obviously. We we've been talking about it, but um in late May when it came on to the best stocks in the market list, it's a very difficult thing to come on and talk about a stock that has just reported earnings and has gone up 36% in one day, which is what Snowflake did. I came to it a week or two later and I'm talking about the name as this idea. We have all these software stocks that have been blown to smitherreens. A lot of them didn't deserve it and this was one of them. And what's even more gratifying um than the fact that the stock has almost doubled is the reason why it's working is exactly what we laid out at the best stocks the market column on CNBC Pro. Net revenue retention 120% to 130%. That is this range this company's in. Let me explain to you what that means. That is existing customers continuing to spend or spend more well in advance of any customers who are dropping off. Nobody's dropping off. And the reason why is because it is becoming very obvious the agentic era of AI which we're heading into requires data governance and this is the data governance layer. Why do we think that corporations want to move their data elsewhere pull it onto different platforms duplicate it when they can just carry out agentic workflows directly in the governance layer. That is what Snowflake does. They have 9,000 customers currently doing something agentic directly inside of their data lakes with snowflake and that is what the street has woken up to and that's how you get a stock go from 205 to 371 in the course of a single quarter. >> You've been playing this game in this one too. >> Tell me your thoughts as you see the stock do what it is doing again 500 bucks on at UBS. >> Yeah, >> it's been a standout for sure. >> Yeah, man. I mean, what an unbelievable quarter. I think the the major takeaways for me is product revenue growth. Product revenue growth was in the low 20s, you know, over the last year was up 37% this Wow. Right. So that's a humongous number. I think the other thing as you think about product revenue growth in companies like Snowflake who are investing heavily in AI, their op margins are also expanding at the same rate similar rate to to their growth rate. And to to Josh's point on net reoccurring retention revenue, 126%. That just means that folks that are on the existing platform are only consuming more. Once you get in, you're just buying more products and services. That's why Snow is running like it is. It was up 50% prior to the print. It's now up 70%. >> The tide is lifting a lot of boats uh today in in that space. I mean, Bren Palunteer is good for eight uh% today. You got the cyber names working like Crowd Strike is up 4.5%. Salesforce which really took off last week after its own earnings up 3%. Uh Octa plus 3%. Oracle plus 5 1/2%. This is what a blowout report like this >> listen this is what people you know investors have missed. A lot of these Wall Streeters cuz listen listen these Wall Streeters so many of them were so negative on these SAS companies several months ago when they were doing bad right not all of them but there was a lot of them that had just you know I'm not touching those blah blah blah disruption all these things right and I looked at a lot of these SAS companies and I'm like these companies are set to grow exponentially like this is the most exciting thing for so many of these SAS companies a lot of these SAS companies actually haven't had something very exciting over the last few years for their business. And this agentic opportunity was like, dude, this is like huge, huge for these companies. Like, are you are you crazy? Like, this is the biggest thing to happen to these companies in the longest freaking time. And um a lot of these Wall Streeters just missed it. And they just thought like every company's going to be disrupted. I'm like, some companies are absolutely going to be disrupted by this, right? um and have major disruption risk, but not all of them. Not all of them. And so now the whole space has momentum, right? But the strongest of the strong are going to have the most momentum. And that's why you see a stock like Salesforce, you know, that stock has bounced huge. I mean, Salesforce now 264, right? Two, is that right? 264 is where the stock is today. Let me just make sure that's uh correct here. Um, 1000x look. Yeah, looks like two. Yeah, 264 sales forces, right? That stock was 150. It seems like just like yesterday like it's crazy, right? From 150 to$ 264. Now it's jumped hundred plus dollars a share like that. >> Does in a space that really has been trading well of late. >> And the craziest part is the craziest part Wall Streeters have loved these SAS stocks for the longest time. They were always the the golden goose of the stock market and then it's crazy they just totally gave up on all of them and now they're coming crawling back as I knew they would >> trading so well and I think you know these hedge funds so many in addition to the situational awareness have been short these names let's say the software basket you know writ large that that is the danger here of getting too bearish you know on any of these technology sectors and letting the nar imperative uh take place of your price. And so I mean all of these names have had V-shaped bounces off the bottom and I you know continue to think you know IGV is about to make it make race back to its highs and so I just think that that software narrative has somewhat died that they're all going away and to Josh's point and and and Jason's like Snowflake they are a core part of the Agentic ecosystem which is just now getting started. >> Yep. >> Yeah. I mean, >> what SAS apocalypse? >> Well, it is it fair to is it fair to ask that at this point? Let me hear from you first. >> Yeah, I I think Brenn just nailed it. And I'm gonna I'm gonna quote from Chris Veron, a friend of yours on the closing bell, >> who often says that the narrative follows price. And that's what happened with software stocks earlier this year. That's where the SAS apocalypse came from. The idea that all of these companies were going to basically go to zero. Their profit picture was going to go to zero. And I'm not I'm not using hyperbole here. I mean, these stocks were trading as if they were going out of business. What we've found since, and Binn was just saying this, is that if you actually track what was causing the price to decline, if you actually looked at the cause, it was situational awareness with huge leverage and other people piling on that bet. Now, what we're seeing in the earnings report is frankly what we were seeing all along, which is that these companies were doing just fine. And this thing got so crazy that even Microsoft was caught up in this. So I mean if we can remember that Microsoft was below $400. >> I really listen Oracle listen I really don't think that stock should be put in with these SAS stocks. I think Oracle should really be seen as a hardware play and um infrastructure. So, you know, Oracle a long time ago, you could throw it in with these stocks, but I just don't look at Oracle, the way they've changed their business smallness of being like in the same conversation as a Salesforce or Service Now or, you know, a Palanteer, these sorts of companies >> for a lot of the first half of this year. I think what we're seeing now is if you actually think about what's driving price, i.e. the fundamentals, there's a lot of reasons to be in these spaces. Well, if I told you now, right, you wouldn't have thought this may be possible by this time. The IGV year to date is now positive. Okay, it uses the move today that it's made and it because the sector itself is up quite nicely as I as I ran through the list of individual names. We're positive year to date uh by a little more than 1%. I don't think people had that on their bingo cards in the midspring when it looked like this was a disaster. So, I was forced to average down into Toast. I was forced to average down into Service Titan. Um, I I bought into Snowflake. I did my best to look for the situations where um the market narrative had it backwards. And this is what I mean by >> good job JB especially on toast. Toast was getting toasted and he stayed long and strong toast. So, good for him. >> That the disconnect between Silicon Valley and actual businesses and actual people who are running business. There's this assumption and the hedge funds bought into the Silicon Valley story. The Silicon Valley story was these companies are going to obviate the need for all of these quote unquote middlemen. They're going to rip that layer out. Everyone's going to go direct to Anthropic to do all of these workflows and they're going to have IT people working at Fortune 500 companies um actively ripping wires out and and cutting costs. It's a great story. The problem is it's not actually how the world works. Number one, I was reminded recently, one of the benefits of SAS software is not just that it does the thing that you need it to do. It also gives you somebody to yell at and somebody potentially to sue when things go wrong. This is a very underrated part of why people want to work with Fortune 500 software companies. The other thing is most business customers are not themselves equipped to vibe code their own solutions and they need 100% uptime to run their businesses. So when I looked at Toast and I looked at Service Titan, I said, "Who are the verticals?" One is bar and restaurant owners. Is that who we think is going to get into um the the software creation process? Probably not. That's a buy. And of course, Toast will be the company that sells AI to uh those customers. The other one, Service Titan. Do we think house painters and contractors and landscapers are very excited to start creating their own software solutions? I'd say probably not. And in fact, Service Titan is now selling AI services to that customer base. This was the disconnect that the hedge funds got wrong and that Silicon Valley gets wrong, but investors who know these companies and know the end markets realized this is a no-brainer. Scott. >> Yeah. Go ahead. Yeah. I So, I really like how JB JB does a good job of still like uh staying in the real world. I think a lot of the Wall Streeters sometimes um like get out of the real world and they just don't understand the real world. Like I don't know what other they they just live in Manhattan. and they're just like, you know, in the city and they're just like, you know, just around other super high net worth individuals and like their view of things just starts to not make sense of like like it starts to be like no reality of um like an average person, right? And so um which is one of the reasons I choose not to live full-time in Manhattan. I might eventually get a place there, but like I don't want to be like these Wall Streeters where you start to become completely disconnected and you're just in your little fancy world there and like cuz your your views start to be like clouded and you start to look at things in such a dumb way like JB's breaking it down there. He's like you think like landscapers and like you know service people and plumbers and electricians and all these guys that are going to go uh vibe code all these different softwares and things like what what planet are you on? You got to be mad to think that. You think people that run restaurants are just going to be like, "Oh, let me try to figure out some solution so I don't have to use toast or whatever product they're using for their their POSOS, like the point of sale." Like, come on, man. Like, it's just ridiculous. But that's this stuff. These cards kind of thoughts happen all the time for these Wall Streeters. >> We continue to cycle through Titan Sea on that guys. Please go ahead. >> If we're going to debunk, I think we should debunk the SAS apocalypse narrative. I think there's another narrative that went handinand glove with it. can't be separated from it, which is the private credit. Uh that this was going to be a systemic risk. Now look, you look at these stocks that were at the epicenter, Blue Owl, uh Apollo, they're up 30% as well. They have done the same thing that these software stocks have done. And all I'm pointing out here is a lot of times where people say, "Hey, there's smoke. There's smoke. There must be fire." If you dig a little deeper, maybe there isn't. >> Yeah. And you know, one of the big things I've tried to do as you know, my net worth climbed and I'm worth a gazillion dollars now, right? Like I still just try to stay in the real world. I still go to Costco and go to the food store and like, you know, go get groceries if I want to cook one night and just like, you know, my kids are on sports teams and just speak with the parents and they have no clue like, you know, cuz I just dress like normal. No one have any clue like, oh, he's got a crazy amount of money and our main vehicles are Tesla. So, you would you would never know, right? and just like talk with people and you know just be out there like you know like you if you get to such a high net worth and you just only talk to people that are super high net worth and you're only doing activities that are super high net worth, you really start to become disconnected. um and you your views of companies start to really change and um you start to not understand like business models in nearly as good of a fashion as you could if you were just like out there, right? So you want to always be connected. All right, next one up here. Tom Lee momentum in this market to keep stocks climbing. Let's ask Tom Lee. He is Funst Strat's head of research. He's a CNBC contributor and he's back at Post 9. Welcome back. >> Great to see you, sir. Good to have you with this month that's now upon us. How are you feeling? >> Well, um I know people are edging into September cautious because markets are down, oil's up, yields are up, and people are talking about the seasonality. I'm going to be contrarian. I think this is a setup for actually September to be a strong month for stocks. >> Why? >> Well, I think one is that the inflation fears are likely to quell this month. We have the jobs report on Friday. Next week is August CPI and then we have of course the FOMC rate decision in September. I think the sequence of those events is going to show inflation is weakening and I think the odds of September hike might actually drop to zero. >> I mean you thought that August we could get to 79 or or 8,000 in August alone? We obviously did not. So are you overly are you too optimistic about this market ignoring some of the challenges that you did mention? inflation, higher rates, higher oil, uh you know, more hostilities in the Middle East among other issues around the AI trade, data centers etc. >> Yeah. And of course, um it makes sense to be worried about these things, but 7,9800 8,000 to me should be a level where investors are bullish. Like that's really when markets top is are people are bullish. You know, the these highs were made in August when people are cautious and people are cautious here. So to me, I think there's a wall of worry here that actually should be viable. I mean, war concerns, as you know, have historically been buying opportunities and the AI trade still has a lot of strengthening funds. >> So, it it is interesting to me that you >> the we're kind of in a time period right now in the very short term, you know, September is always crazy for the stock market, like massive moves up and down. But if you want to there's more to be worried about when you start to push toward November. Um, you have midterms. All right. And then people are going to start getting concerned about what's going to happen early in 2027. What happens early in 2027? All the companies start announcing their capex numbers. And so you're going to have worries for the top of the market like Nvidia because people are going to be like, well, are they going to spend as much as we think they're going to spend? So we're worried about that for Nvidia. But then on the flip side, they're going to be worry also about Google, Microsoft, Meta, Amazon, those sorts of companies going to be like, what if they announce a crazy number and we don't feel comfortable with that, right? So no matter what, there's going to start to be a lot of worries in the market. But that's one of those situations you cross that bridge when you get to that bridge and we're not at that bridge right now. It's September 3rd today, right? So, you know, yeah, we got a little bit of uh fun, but you know, once you start approaching closer to Halloween, after Halloween, then people start getting more concern. >> We do have now a growing chorus of caution. >> Yes. >> From many different corners, Citadel Security Scott Rubner, I highlighted a lot of this on halftime. I'm going to do it again because he says the near-term riskreward has changed. And he points out say earnings were great, but they're gone now. They're they're behind us. Retail remains a buyer, but historically they become smaller in September. Systematic exposure has rebuilt. The corporate bid is going to fade. Blackout windows come back, so he can't do the buybacks. And then after a significant collapse in volatility, now that's behind us, too. He says he would use strength to reduce exposure and add inexpensive protection. Goes on to say, not looking for a broader bearish turn, but a tactical reset. What do you make of that? >> Uh, those are all valid points. If what's interesting is I think that described a lot of the crypto trade last month. You know, V was down, retail was smaller, and we had a violent 30% rally. Crypto, believe it or not, has historically led the S&P by roughly a month. So, I I think the setup is very similar for equities. I mean, in fact, the bottom might even be today for equities. Unless you think that the the the crypto rebound could have been for >> that's Tom Lee if that call ends up being true. That's a crazy call because you know obviously market was down pretty substantially there. Um and then market today was up substantially. The NASDAQ ended up being up uh 1 was that 4% today that 1.4% move for the NASDAQ today. Is that right? Is that right? Holy smokes. 1.4. Yeah, 1.4% move for the NASDAQ today. Even S&P 500 was up a percent. So, it totally ends up being correct with that call. That's a big call. A lot of different reasons. Intervention by the Treasury Secretary in the bond market, you know, calls attention to a higher degree to, you know, $40 trillion deficit, that that whole deal. >> So, why do you think that what may have been a singular moment actually actually has legs? Well, I think that when I look at the stock market today, I think one of the most loudest things people talk about is inflation and uh the fact that inflation's been sticky. You know, we wrote about this last night that you know when the Fed is Fed's studies have shown the core PCE might have a flaw in it because of quote the impact from software accessories which is flash memory. It's accounting for a third of all the inflation excess inflation this year but most people in their lives don't have flash memory inflation. No, but they have like gasoline tank inflation. >> Correct. So, and gasoline, you know, is unfortunately something the Fed can't control, but the other components of inflation seem to be in line. Core PCE, if you adjust it, is actually almost mirrored on top of CPI, which is 24. So, if we get a two4 print next week on CPI, I think the market loses its anxiousness about in >> Listen, ladies and gentlemen, focus on the long term. You know, if inflation's 2.4, 2.6, 2.2, like, come on, man. These numbers come and go. These numbers come and go, right? Um, focus on your individual companies. Focus on where the biggest opportunities are and invest into those. And guess what? Tomorrow I'm going to be doing just that. I'll be making my moves. I'll be posting my moves. If you got access in there, Patreon Labor Day sale coming up. One day sale only. Pinned comment down there. Make sure you get access to that. Specifically, if you're under a 50K portfolio to get you up to a much higher level than where you're at and uh you'll learn a lot being part of that. Okay. All right, guys. Much love as always and have a great