These 2 Stocks have UNLIMITED UPSIDE‼️

You got to be flipping my flapjacks. We got a lot to get into in this video here today. So yesterday on the main channel, I released this 57minute video talked about a whole host of subjects. But I started out that video and I was explaining how it's ridiculous how people can feel bad about their portfolios in a short-term time frame because it went up to a certain level and it dropped a bit and they're all sad and depressed about their portfolio. Right? And I was talking about the public count and I was talking about how the public count 3 weeks ago was 5.2 million and as of yesterday it dropped down to 4.9 million, right? And so it lost like a4 million roughly of value in like 3 weeks, right? And I was like, you could focus on that or you could focus on, you know, the fact that the public accounts gained $3.5 million of value over the past 3 years, right? And the other thing I really wanted to bring out as a point is if you get a drop like that in your portfolio in a short period of time, just understand it can work the other way as well. And I think today was a perfect example of that. Look at the public count today. AMD AMD, that stock was up $74,000 just in the public count alone. Today, SoFi had a huge day. That's a smaller position. That's a pretty small position in the public account. And that was still a $10,000 plus dollar move in the public account today, right? So, just understand it works both ways in this game. Okay, we got a lot to go through in this video here today. Okay, first off, SoFi, we're going to talk SoFi here. Stock made a huge move. We'll talk about what's going on there. We'll talk about if that stock's an opportunity. I want to react to this interview uh of the SoFi CEO, Anthony Nodo, as well. Okay, once we get done going through that, the Cheesecake Factory just reported shocking results. And I mean absolutely shocking results. I want to talk about this if this stock's an opportunity, if it's a time to cash out of this stock. Um, obviously it's had a huge run and I'll explain also the biggest thing uh that matters the most for this stock. Okay, Robin Hood. Robin Hood stocks going down significantly. Uh, we'll talk about Robin Hood and if there's a great opportunity in Robin Hood stock now at this point in time. And then the last thing I want to do in this video here today is uh go ahead and react to Mike Wilson talking about clearing events over the next few weeks and that they're going to provide an amazing buying opportunity in this market. And so I want to share my opinions and perspectives on that one. Busy action-packed video. We got a lot to go through. I just need one thing from you guys. If you could just smash that like button if you haven't already done so. That's all I need from you. Also, make sure you're subscribed to the channel. We are at um I don't know how many subscribers now, but it's an all-time high and I appreciate each and every one of you for being here. Pin a comment down there today. The thousandx sales coming up here in a few days. That is our last sale on any product in 2026. So, if you want access to the last deal of the year, 4,000X, that will be the pinned comment down there. Click on that, put in your name and or your email or phone number, and we'll send over the deal when it does drop. And it's a Halloween special. Okay. All righty, guys. Uh, let's go ahead. Let's get rolling here. Hey, listen. Cheers, SoFi shareholders. Um, amazing. I mean, these results were just just insane. Adjusted net revenue up 44% to a record 1.4 billion. Adjusted Ebida up 70% to a record $470 million. Adjusted net income of 243 mil, EPS of 18. member growth up 35% to a record now they're up 17.1 million members. What do I keep telling you guys? I keep telling you the big banks better watch out, man. I'm not I'm not kidding. If I was a big bank, I would be a little worried because SoFi is common for, you know, the the future generations and they're going to take massive market share. And uh when you're talking about 17.1 million members now, Listen, you know, all these big old school banks, all these old financial institutions, whether we're talking Chase, Bank of America, Wells Fargo, go through that whole list to them, right? These guys are are are very successful because they attracted the baby boomer generation, right? And maybe Gen X to a certain extent. Um, and that's why the those banks became massive financial institutions with market caps 100 billion or hundreds of billions, right? Great. uh what happens that the younger generations are going to SoFi and they're creating SoFi as their financial institution and what's going to happen when you know baby boomers eventually right uh pass on and pass down that wealth and a company like Sofa is going to be the most well position to benefit from that right and so I'm like you know a lot of baby boomers are now retiring right and so that income income coming in that used to come in is not going to be coming in here in the next few years because all these baby boomers are all starting to retire, right? Have already started or will be retiring in the next 5 10 years. Meanwhile, SoFi is attracting all the younger generation that's all, you know, now working, right? And building up their net worths and so I'm just seeing the writing on the wall and I just see that like based upon the math, SoFi has positioned themselves to become a financial giant. Like if you look out a decade, as long as Anthony Notto doesn't ever overlever the company and they can get through any future recessions, if you look out a decade from now, SOA is going to be one of the biggest financial institutions in the world. Like it's unbelievable what they're accomplishing here, right? Product growth up 44% to 26.7 million products. So they're basically they're selling now multiple products or you know offering multiple products and to members and members are going ahead and using those products, right? They raised their 2026 guidance to 5.04 billion of adjusted net revenue, 1.66 billion of adjusted Ebidaw. They introduced their 2027 outlook of $6.4 billion of adjusted net revenue and $2.24 billion of adjusted Ebida, 90 cents of EPS. Crazy, man. I mean, these numbers are just a banger. So, as far as the graded income statement, here's what I graded at, and I posted this inside the private group. Look at that perfection. Oh my gosh, that's what we call an A+. Okay, so total interest income was up 51%. Total interest expense up 35%. So that's going to be good for us. So NII, one of the most important things you can ever look at for a financial institution, net interest income was up 59% year-over-year. Total net revenue is up 44%. Total non-interest income was not as impressive but still impressive, right? 21%. So total net revenues is up 44%. Uh provision for credit losses, they raised that quite significantly, right? That was up 60% for the company year-over-year. Technology and product development up 18%, way less in revenue. Right now sales and marketing, that was a really high line item there. That was 55% growth. So that one outstripped revenue. But I mean, you know, sales and marketing, I mean, it's working. Like, they're just attracting massive amounts of members and at the end of the day, it's adding up to big numbers. So, you know, although it's I it's a red because the numbers higher as a percent than total net revenues, I got to say, man, they're winning. They're winning. Cost operations up 30%. GNA only up 7%. So, total non-interest expense up 31%. Income before income taxes up 114%. net income. So they had a bit big bit massive income tax expense here that they didn't really have in the same court last year. So do keep that in mind. 76 mil almost 77 mil versus 9 mil. A huge difference. So net income was still up an impressive 73% even with that income tax hit. EPS on a diluted basis up 64%. That's an A+ banger for SoFi. Let's go ahead and react to uh Anthony, the CEO. >> Uh quality of the beat 2027 confidence diversification beyond lending. >> Hey, do you love the reaction channel or do you love the reaction channel? Huh? >> Payment opportunity. Like there's a lot that that people like out there. And I thought we would start a conversation a little bit differently this this quarter by me asking you what you were surprised by in the performance of your own company. >> Yeah. You know, I think the big question for us going into the quarter and really the back half of the year was how effective could we be at managing the interest rate risk as rates were going higher? Would we slow down growth? Would we be able to pass on to the consumer higher interest rates on loans? And the answer to that question is definitively yes. In fact, I feel as confident now of our business performing well in a rising rate environment as I feel it would perform in a declining rate environment. And that's a testament to the technology that we have, the data that we have, and our ability to real time pass on higher benchmark rates to consumers and higher prices on loans while still driving growth in the rest of our business. Um, we mentioned on the call that we now have eight businesses that are generating $100 million of annual revenue or more. Um, 87% of our products are now non- lending products. So, we have great diversification. Um, but when there is some cyclical issues or macro issues with lending, we're able to navigate through them and still drive accelerating revenue growth. So, we grew 44% year-over-year and that was driven by 35% member growth. And we're at the point now where we're driving member growth, but we're also driving more products per member, which allowed our products to grow 44%. So you can see the symmetry between 44% growth in products, 44% growth in revenue. The business is a lot easier to understand when you think about it on those terms and then factor in can we handle economic uncertainty um to make sure that we're driving that product growth and revenue for product and that's what we're able to do in the quarter. Well, case in point, operationally, um, lending is still growing strongly. You know, I I see that revenue grew 44%. Adjusted EBID grew 70%. And so, I think a lot of people this morning are thinking, you know, how much more operating leverage is left for you in the business if you if you're you things are going well, right, Anthony? But how much more you can squeeze out of that? >> Yeah, we think our EBA margins can increase over time to as high as 40% or more. and that our net income margin which was 17% this quarter uh would range between 20 and 30% likely to the higher end of that. Um we're going to focus on making sure we deliver 30% incremental net income margin so we can reinvest the other 70 cents in additional growth drivers. We set an objective to get to 100 million product >> 30 which is a increase from where we are today at 27 million. It's a very aspirational goal. It's not easy to get to, but it's definitely achievable. If we can drive that 4x increase in products, it doesn't take that big of an imagination to see a 4x increase in earnings from the 61 cents we're at today in 2026. You know, in addition to that, we laid out that not only do we have the eight businesses that are greater than $100 million of revenue. Our goal by 2030 is to have five businesses that are greater than a billion dollars. Another five businesses that are greater than 500 million and a final five businesses that are greater than 100 million. So we're going to continue to focus on members more products per member and revenue per product. But that's how it should stake out from a business standpoint. Thank you for taking us to 2030 because I want to ask you a much bigger picture longerterm question which is about AI agents and whether you genuinely believe this is a technology question. You genuinely believe we end up in a world where AI agents move money and make purchases on behalf of of SoFi customers and and that is a business for you. I think we can definitely end up in a world where AI agents find the best deals, the best interest rates on checking and savings, the best interest rates on loans, the best services, etc. Um, SoFi is going to win in that world. We are we have a superior value proposition and we have a unique competitive advantage. the breadth of our products and each one of them having superior unit economics gives us a higher lifetime value and that higher lifetime value allows us to offer the consumer better interest rates on on loans and better interest rates on checking and savings and other services. So AI I think is going to increase transparency of what's available. I think when we're on that shelf we'll look better than anyone else. It'll increase the awareness of SoFi, which is a limiting factor in what we grow, which is why we have to continue to spend on marketing. Um, and so I think in a AI world would definitely compare better than anyone else. Do do I think AI agents will start to make payments? Yes. There are companies that provide automatic payments today, automatic trading today. If you go on SoFi today, you can set up bill pay, you can set up recurring investments. They're being done by machines. It's not super intelligence. It's linear intelligence. But >> uh you can do it with linear intelligence. You can do it with agent intelligence. It really comes down to whether or not the consumer, the member is willing to do that. I think a brand like SoFi, who's a trusted brand, provides FDIC insurance as a national bank um and a fed bank holding company has a better chance of building that trust and reliability with consumers than any other technology company or financial service. So before we uh move on to cake and move on to Hood and if those are stocks or opportunities and other subjects, you know, let's finish out here with SoFi. Is SoFi still a great buy even after being up huge today? And the answer in my opinion is without a question. Yes, without a question. Um you know, stock traded up big to what $16. That's still down 50% from all-time highs. Like this stock is still a steel deal. Steel deal. And the other thing you got to understand about SoFi is it has a fundamental massive advantage against traditional competitors, right? The traditional competitors have massive fixed costs with their businesses with these branches and uh the way they've done their business models over the years, right? The ATM machines and all that sort of stuff, right? So doesn't have to deal with any of that. SoFi is asset light. You don't see a sofi branch on every corner. That's not how it works, right? And that was very important like the whole branch strategy and trying to be on every corner in United States of America and if you went and did business international, right? And having an ATM machine everywhere. The previous generation that was extremely important. You know, people like to actually go to the bank and do their banking at an actual bank, right? Like think about my parents, right? Baby boomer generation. They would go to the actual bank and deposit checks, right, and and do those sorts of things. And they would go through the drive-thru of the bank and sometimes they stop at the ATM machine to get cash and these sorts of things. There was insanely important old school, right? It's just not important to the younger generations and it's going to become even less important as time ticks on here. And so doesn't have to worry about all that. So they'll remain asset light, right? And uh that's going to give them a huge margin advantage long term which they can pour into what? Sales and marketing, right? And uh get even more customers, more customers, more customers. So, and uh they're the most well positioned to really focus on banking related stuff, loans and checking accounts, savings accounts, things like that. Right? Somebody, you know, if I look at uh you know, the other company that's super successful that's a fintechy type company is H. We're going to talk about them in just a moment. Robin Hood, right? Robin Hood's much more focused on the investment side of things as well as prediction markets, right? Um they're not nearly as focused on, you know, being a bank, right? And going to give you a auto loan or a home loan or be able to outsource you to somebody or do an insurance for you or or checking account, savings accounts. Like that's just Robin Hood's kind of playing a little bit of a different game there, right? And soi and Robin Hood can compete in many areas but their focuses are are a little different right no different than you know if I look at SoFi SoFi wants you to buy Bitcoin through it and trade and also wants you to buy stocks through it but that's not really their main focus right that's like an additional product and service offering they have stock is still a huge buy okaycake factory let me be very clear about this cheesecake factory shocking shocking results from cake. Like me as a bull, you guys know I've been speaking about the stock for years. I'm in shock by the numbers. Look at this. Comparable restaurant sales at the Cheesecake Factory restaurants increased 15.2% year-over-year. What? What? 15.2%. This is ridiculous. We delivered an exceptional third quarter generating record quarterly revenue with margins and earnings also exceeding our expectations says David David Overton the CEO of the company. The cheesecake factory restaurants led our performance with comparable sales and traffic meaningfully outperforming the broader casual dining industry. Our experienced operators executed at a high level delivering the outstanding food quality service and hospitality to keep our guests coming back. Continued menu innovation and our rewards program and significant engagement across social media contributed to the impressive sales growth. While year-over-year improvements in labor productivity and food efficiency support uh strong profitability, Cheesecake Factory has long enjoyed tremendous brand affinity across our operations or across generations and its ability to attract younger guests reinforces the enduring appeal and relevance of our namesake concept. We remain focused on delivering the memorable dining experience. Blah blah blah. Right now, development. The company opens six new restaurants including two Cheesecake Factories, one North Italia and one Flowerchild in two F FRC uh restaurants. Subsequent two quarter end, the company opened two Flower Childs in one F FRC restaurant. The company continues to expect to open as many as 26 new restaurants in fiscal 2026, including as many as five cheesecake factories, eight North Italas, seven Flowerchilds, and as many as six F FRC restaurants. Now, if there's one gripe I have, if there's one um problem I have with the Cheesecake Factory, let let me just finish going through this and I'll explain to you guys um you know, my problem here. But liquidity, the company had total available liquidity of 585 million including cash balance of 243 or 249 million and 336 million of availability under its revolving credit facility. Total principal debt outstanding was 575 mil representing principal amount of 2% convertible senior notes due 2030. All right. So, and the company repurchased shares. So, the it was an A+ report. Revenues up 14%. Food and beverage costs fell as a percent. Labor expense fell as a percent. Other operating costs and expenses fell as a percent. GNA fell as a percent. Uh depreciation amortization fell as a percent. The one thing that was up as a percent was pre-opening costs, but that's something you want to see because you want to see more restaurants open. Total cost and expenses fell to 92.8% of revenue from 95.9%. So now income from operations came in at 7.2% 2% for the company. Holy smokes, that was a lot of uh pages. 7.2%. And uh income from operations was up 101% year-over-year. 101%. Year-over-year. This is a restaurant, ladies and gentlemen. We got a banger on our hands. Net income 92% growth year-over-year. And Dude EPS 80% growth year overyear. Okay, let me show you the biggest thing with the Cheesecake Factory. It's right here. This is the biggest. Flowerchild comp sales were up 11% year-over-year. That's a banger number. Now, it's not 13% like it was last quarter, but still, this is outpacing almost every other concept you could possibly imagine out there, right? 11%. Comp sales are are incredible. So, if there's one complaint I have against the Cheesecake Factory, it is this. Listen, they're not opening nearly enough Flower Child locations. They need to open dramatically more Flowerchild. I mean, you know, if I had it my way, they would open, you know, 30 plus Flower Childs next year alone, right? Followed up by 50 in 2028, followed up by 100 in 2029. Like, we got to get rolling here with the Flower Child. like they want to get to 800 locations, domestic locations. They're like what 50 something domestic locations is nothing. So, we got a long way to go with flower child growth. I, you know, opening seven flower childs a year is just not cutting in. We got to go way faster. I know cake loves to keep, you know, high quality and all that stuff, but we got to figure out how to do that while opening a lot more restaurants, man, because I'm just like, we're not we're not expanding nearly fast enough with Flowerchild specifically. You can't have this sort of oh sorry 700 domestic locations over time they're talking about right and right now they have 47 47 open right but you can't have this sort of banger concept with these sorts of margins right and these sorts of comps and not like go faster we got to go faster we got to go faster man got them. So the answer before we go into Robin Hood and before we get into other subjects here is Cheesecake Factory still an opportunity. The answer is this stock's going to 200. It's not going to 200 tomorrow, but it's going to 200. Um like I very I'm very bullish on this company. We all know this. I've spoke about this company for years, right? And I have woo I have a lot of money invested in this stock. Do I have as much as I have invested in AMD? No, I don't. It's not that dramatic. Okay. Um, but it's a lot of money. Like this is 7% of the public account is Cheesecake Factory. And I was looking over some of my other portfolios before earnings came out and it it's a big position in my other portfolios as well, like my private portfolios. This stock matters to me a lot. Like it's one of my top five biggest holdings I have. Okay. 0% interest in selling the stock. It's way better than I thought. Way better. And I'm a big time bull on this stock. I spoke so positively about this for years and it's dramatically better than I thought it was going to be. when when when you're super bullish on a stock and that company comes in with results that are dramatically better than you had anticipated, you can do nothing other than either hold or buy because this is just a banger, man. Like, we just knocked out a ballpark with this one. We got one, man. We got one with that one. Like, holy smokes. So, any dip in that stock is a buying opportunity. Like if the stock's down tomorrow, it's a buying opportunity. If it's up tomorrow, it's a buying opportunity. Because what are you getting? You know, this company, you know, if you look at the Ford P on it, the Ford P on cake is supposed to be about 23. Well, guess what? Profitability is coming in way better than anybody anticipated. So, the forward P on cake might actually be like a 20. a 24p for a company growing revenues double-digit percentage that has two banger concepts that they're going to expand across the whole United States of America over the next decade with North Talia and Flowerchild. Never mind the other F FRC concepts and they got more cakes to build as well. They got the next 10 years of growth ahead. There's not many stocks you can buy into and be confident you've got a 10year runway of growth. Cake is one of those rare opportunities. It's a buy regardless if the stock's up down or up tomorrow. Bottom line there, the stock honestly tomorrow should be at $120. That doesn't mean it will. It could be at $102 tomorrow, but the stock should be $120 plus dollars tomorrow. That's where it deserves to be. Probably $125 plus. It should be. Doesn't mean it will. I'm just saying where it should be. Okay. Next one up here, the hood. So, the hood has some really good things going for it and some shaky things. Okay. Transaction based revenues up 19% for the company. That's a solid solid number. Net interest revenues up 9% or down 9%. That was disappointing. Other revenues up 61%. They're growing that side of the business a lot. My guess is that's something with predictions markets there. Total net revenue is up 12%. Solid number for cake or for cake for the hood, right? Solid number 12%. Brokerage and transaction was up 21%. So that was up much faster than revenue was. So that's not ideal. Technology and development up 7%. That's doable. 139%. Operations was up. Provision for credit losses up 173%. That was a bad number. Marketing only up 2% so they kept that very much in check. But then I'm like, should they be doing more advertising? Like I don't know, man. Like they're definitely not going heavy on marketing right now. And it's like should they be going heavier on marketing? I don't know. There's a look what SoFi is doing. So Sofi's marketing expense is up huge. Look at the numbers SoFi's putting out, right? And it's funny, people used to I remember Robin Hood investors, you know, a year or two ago, I remember just probably a year ago, Robin Hood investors used to talk a lot of trash. Why are you in SoFi? Robin Hood's where it's at. Robin Hood's the one. Oh my gosh, Robin Hood, look at the growth rates. Look how things change. Look how things change. Look at SoFi's growth rates. and then go look at your precious little Robin Hood. Okay, look how it changed, right? Nelson, SoFi's big dog on the street. So is the one with the crazy growth rates and Robin Hood's the one like 12% revenue growth. You know, SoFi's like, "Oh, we wipe you down. That's that's no problem." Right? So the other issue with the hood here is uh total operating expenses up 16% for the company year-over-year. So obviously much faster growth in expenses than revenues. Not ideal, right? Net income up down 14% for the company year-over-year. Provision for credit uh provision for income taxes hit hard. That was a 91% up number there. Net income attributable a little to Robin Hood shareholders uh 16% down year-over-year. And DUT DPS went to 51 cents from 61 cents. So it was a D+ report for the hood. Now that being said, we're looking at thousandx stocks.com here. Um, you know, I'm looking at the charts feature. Like, you know, the projections here are looking really good for Hood as far as continuing to build out revenues, uh, continue to build out margins over time, right? Uh, look at the EPS trend on where it's supposed to go over the next year or so, right? Uh, free cash flow and operating cash flow been a little disappointing very recently. Financial health of the company looks good, right? uh cash marketable securities and debts for the company. This looks very healthy as well. Uh no issue there in my opinion. So balance sheets fine, right? Shares outstanding. They've been keeping that pretty in check over time, right? Shareholder equity's been climbing for the company. That's something you want to see in any sort of financialish institution, right? Valuation P ratio right now is in 40s. It's not bad. Um, historical price to free cash flow a little out of whack right now. Operating income, uh, look at this. Look at what the operating loss was just a few years ago versus operating income now. Like, this is insane, right? What a turnaround. Hood's one of the most incredible turnarounds you've really seen in the past three or four years. And that's why that stock went from $7 to like, you know, now it's uh, you know, even with being down huge after hours is still in the 80s, right? So it's over 10xed from the lows it was a few years ago. Return in capital allocation everything's looking good there. Capital return to shareholders has been climbing as a trend right and uh capex and research and development intensity is not much to um worry about there. So before we get into is hood to buy I just want to show you a few other features here we have 1000x so you guys can understand there's a dopamine page. just where I have all my watch list for all my different stocks. This is the search page for you can type in any ticker symbol right there and um get all your information that you possibly want for these companies. We have the compare where you can compare three companies side by side. We have our charts feature I just showed you. We have our reports where you can run an entrylevel report on a company, a hedge fund level report. So if we're trying to research Hood, right, that's the one we're talking about. We can generate an entrylevel report for Hood. Bang. It's going to give us a whole entry level report so we can understand this company on a high level and then we can generate a hedge fund level report on the hood and really go in depth here with the hood. Right? We have income statements, balance sheets, we have our projections and you can also load your projections in uh for different stocks you might have had over time and uh that's very convenient to be able to load those. Right. We also have advanced projections if you really want to go super in-depth. We have earnings, so you can listen to all these different earnings calls right through 1000X as well. We have our metrics. We have our education portion, which is incredible. Um, so let's say you want to really learn about how to perform SWAT analysis on a business. You can go very in-depth here, and it's going to explain in detail how to perform SWAT analysis on a company strengths weaknesses opportunities, and threats of a company. Right? So once again, that's XX. That will be the pinned comment down there to get in for that deal. Okay. So, the hood, is it a buy? My view on the hood. If the stock's a buy, listen, it's a buy if you have a 5-year horizon. Absolutely. Uh I think this is one you buy, you keep buying on and off for, you know, the next several years. If you want to be a long-term investor of this company, I think there'll be money to be made right? With that being said, you do have to understand you're going to likely get hood a lot lower when you go through the next stock market correction or crash, right? We're not in one of those right now. Uh but at some point in time, we could easily go through a correction or a crash in the market, right? I don't know if it's, you know, this year, next year, the year after, but probably in the next uh two years, we're going to get a major correction or crash in the market in the next 24 months at some point, right? And so just understand whenever that occurs, you're going to likely get hood for probably a lot lower than where you're at right now. But that doesn't mean it's a bad buy right now. You just got to have a long-term horizon here with the Hood. If you have a long-term horizon, you want to own it. It's a good stock to own. It's been super innovative. I don't think they'll stop innovating, and I think uh it's a very successful company for the long term. Okay. All righty. Next up here, Mike Wilson talking about there's several clearing events that are going to play out over the next few weeks that's going to provide attractive buying opportunities. This is going to be interesting >> opportunities as the market looks ahead to another leg higher in earnings growth. Mike joins us now for more. Mike, good morning. >> Good morning. >> Those clearing events were the feature of your note to start this week. You identified three of them. Can you share them with us this morning? >> Yeah. Well, first of all, maybe we get a 12% bond in uh in Brazil, too. Don't don't forget about that. So what I would say is, you know, the markets have a way and part of the reason why the the people are kind of looking past is there's so much going on they can't focus. So the markets kind of grab on to what they know which is earnings are still pretty good. Rates have actually come down. It's been more steady. So that's not a bad environment to be looking to to add risk. Now the three things that we're most focused on now and in no particular order, the obvious ones are the midterm elections, which is always a clearing event. I mean, historically, it's always a good time to be adding risk into that event. Now, sometimes it could it could linger another month or so, but over the next 6 to 12 months, 100% certainty going back to 1952, you you make positive returns and usually double digits. So, that's just something to keep in the back of your mind as things get wobbly, keep that in the back of your mind is you should be stepping in and adding risk. Number two, I think is is is around this idea around AI, capex, and the scarcity of capital. Okay, that one's pretty well understood, too. And I think these companies are dealing with it properly, right? So, they're doing they're doing the back and forth between equity issuance and debt issuance. Remember this whole thing started with equity and cash paying for all the spending and then they went to debt and we talked about that a year ago. We said, "Okay, now the debt thing begins. There's going to be a separation between the weaker players and the stronger players." That's happened and then the stronger players can actually issue equity. So, this is the way it's going to go. It's this ebbing and flowing back and forth. I think we're probably in the seventh or eighth inning of that digestion, but we have a lot to digest of next month. That's a clearing event as well. I think it gets done and I think then we move forward from there. And then the one I think that's not as as appreciated is the liquidity constraint. We've written about this probably more than most which is and I spent so much time doing work on this over the last couple years I've been run over. So I'm very focused on this idea that it's about supply and demand. The Fed has tightened this year. Don't forget six or seven months ago they were talking about or they you know the market was talking about them cutting rates. Okay. So now they've slowed the balance sheet growth and they've raised rates 25 basis points and they've allowed two or three or four more hikes to get priced in. that has done the tightening for the Fed. Financial conditions are now as tight as they were, okay, in 2018, also midterm election year, and you kind of know how that year ended. So, my general take is the markets are going to press the Fed and other central banks to probably add liquidity at some point between now and year end. >> So, you're looking for a correction into year end? >> No, I'm looking for more chop and I'm looking for this to resolve itself. We've been correcting. I mean, this has been one of the worst uh corrections we've seen beneath the surface since June. I think you know one thing we got right probably more than others is we identified that transition in June. Hey it's not going to be as easy here because of liquidity because of supply because the rate of change on revision breath but now the market pretty much understands that quality rotation. >> So he brings out a great point there. Okay listen there has been a correction in the market but it's beneath the surface. It's not an overall market correction like you typically get where the whole market is, you know, down 15, 20%, something like that. But there's a massive amount of stocks that are not the ones that really move the S&P 500 or move the cues, right, that are down 20, 30, 40, 50% this year or down 20, 30, 40%, 50% from their highs they reached this year. So, yeah, he he's right on in regards to that. So you said that you expect the Fed and other central banks to add liquidity from here to the end of the year. What does that look like? Just guiding that there going to be no more. >> Which by the way, if you want to know where the best opportunities in the stock market are for buys, listen, the best buys in my opinion, riskreward for the next 36 months are not the most popular stocks. There are a lot of these beaten down stocks that people don't really talk about that have incredible upside for the next several years. And um I'm obviously buying a lot of those stocks and I talk about those stocks on this channel sometimes, but I definitely talk about them a lot on the main channel, Financial Education, right? Um because there's some banger opportunities out there that people just start missing just like they miss the cheesecake factory. >> Starting to print money again. >> Give me the new acronym. I mean, you know, we got to come up with a new acronym for adding liquidity of some kind. I don't think they're going to do it here, but what I would say is if the markets want to press them. >> Well, you said the markets will force the issue, which is why I asked you looking for a correction. What does forcing the issue look like? >> It could happen in credit markets, one in equity markets. You know, we'll see. I don't know the answer. My point is I'm trying to help our clients. I'm trying to help myself figure out how this is going to resolve itself. We're we're pretty we've been pretty well identified with this idea that we've had a quality rotation. Okay? We've had this breath deterioration. And if I look at this objectively, okay, forget about my emotion around these particular issues. We've done a lot of work. Okay, the only thing that has not happened yet is our proprietary sentiment index. We we published that this week, has not quite reached where it needs to go. Typically, that happens with some sort of a financial stress in the system. But it doesn't need to be a 20% correction. It needs to be just a final purge of that sentiment to get people to clear. >> And we have seen uh declines of that magnitude in select names, particularly in the AI related space. particularly related to earnings. I'm just wondering if we do get some sort of dovish rhetoric out of the Fed, does that make you feel this week, does that make you feel more confident about going into these AI names to go into the biggest ones? >> Well, not only AI, but general general risk takingaking for sure. So, if the Fed is proactive this week and they they kind of give us some doubbish language or indications about maybe increasing the R&P again, right? adding more liquidity because right now the balance sheet is not growing as fast as it was prior to Borch's, you know, entry. And I think if that changes, I will definitely feel like, okay, they're being proactive. They don't even need the markets to press their hands. >> So, back up the truck. >> Yeah, absolutely. >> When it comes to the midterm elections, I understand you say it should be a clearing event, but in your note, you also talk about how more investors are talking about this unknown about whether or not Trump re-engages with attacks on Iran following the midterms. In that sense, potentially. Could this be one of these off years since the 1950s that actually the market goes down? >> Well, like I said, this not every year is a is 100% guarantee you make money between the midterms and year end. It's a 6 to 12 month view. And so, yes, this could be one of those years where it lingers beyond say Thanksgiving and into the into December like it was in 2018. We think there's a very interesting analogy there. >> Hey, don't you even talk about 2018. Only I talk about what happened in 2018, mister. >> It was tightening. Marcus did press them and then they pivoted. So there's a lot of that going on. I don't know what's going to happen post midterms. There's going to be some sort of an event around whatever the president decides to do. He's he's you know said he's going to do something. Okay. I take him at his word. What I will tell you is those are always buying opportunities. Okay. So So I don't know if that's a 5% correction, a 7% correction, or maybe no correction. >> So listen what Mike Wilson said there, the most important thing you got to take away is it's always a buying opportunity, baby. It's always a buying opportunity. So, you got to always take advantage. You know, whether you get small corrections, large corrections, crashes in the market, always take advantage of those. They're terrible, terrible thing to waste. Okay? You know what else is a terrible thing to waste? 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