Catch up on everything meaningful that happened in the market last week with this recap video from myself and @stockmktnewz!
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00:00 Today, we are running through everything that you need to know that happened in the stock
00:06 market this past week.
00:07 We're going to start out with a heat map of the market.
00:09 We're going to walk through stock performance, and then we're going to go over the biggest
00:13 news stories from each day that were market moving.
00:16 And if you pay attention, could lead to you making some awesome moves in the market in
00:21 the week ahead.
00:22 Let's dive right into things with a look at the heat map.
00:25 Before I get too far into this, though, just want to introduce myself.
00:27 I'm Wolf Financial.
00:29 I'm on here with Evan from Stock Market News.
00:31 And if you're watching this video, make sure that you go ahead and hit like and subscribe
00:35 to the channel that you are watching on.
00:37 We're pumping out these regularly, completely free financial analysis content.
00:42 We hope you enjoy it.
00:43 Just make sure to subscribe to the video.
00:45 Let's get into it with a look at the heat map.
00:47 And boy, the bulls were back in town this week.
00:50 Evan, what stands out to you?
00:53 Exactly what you said there.
00:54 Those very large green squares.
00:56 Big tech had a good week.
00:58 We see Amazon up about 14% right in there.
01:01 We have Microsoft, Google, Apple, all of them up more than 3-4%.
01:06 Tesla had a very, very strong week.
01:08 You can see in there up 8% as well.
01:11 There was a little bit of weakness in there.
01:14 You can see this a little bit further in the worst performers from the week.
01:18 The defense names had a little bit of weakness and healthcare had a little bit of weakness
01:22 in there as well.
01:23 Wolf, is there anything that I didn't mention that stands out to you?
01:26 Yeah, I mean, this is just a crazy week for Amazon.
01:29 14%.
01:30 I think you said it was like their biggest week since near the start of COVID when we
01:34 were talking this week.
01:36 And then the chips, the chips are moving.
01:38 Nvidia, 13.73% AMD, double digit movers here.
01:43 Is this the year of the chips?
01:45 We'll find out.
01:46 And then the one other area that I thought was kind of interesting was this TMO.
01:50 I think that was that thermodynamic or some of their diagram.
01:53 Thermo Fisher.
01:54 Thermo Fisher.
01:55 Yeah.
01:56 That's some really good stuff.
01:57 And then the one other thing I'll point out, they weren't the greenest.
01:59 They didn't get the most attention, but energy looking good across the board.
02:04 Plus 2.37 for XOM.
02:07 I would keep an eye on energy.
02:09 My favorite name in the sector, VIST.
02:12 Set new all time highs or new decade long highs this week.
02:16 So pretty cool to see that.
02:18 Let's get right into how the largest stocks in the market perform.
02:21 So this is sorted by market cap, Apple, the only remaining $2 trillion market cap up here
02:27 did pretty well this week.
02:28 Hanging on to that market cap.
02:30 Anything that stands out to you from this list?
02:31 Well, Apple quickly fell below that $2 trillion market cap last week.
02:35 It actually closed below one day, I do believe.
02:37 We did see pretty much most of these on here on the last graphic, just kind of written
02:42 out for you.
02:43 I think the next one is a little bit more interesting.
02:44 It has some new information on it.
02:46 Coinbase, 50% green week.
02:49 I did not know Coinbase was up 50% this week.
02:52 Yeah, it was a big bounce back in not just coin, but all the crypto names, right?
02:57 Mara, Riot, a bunch of them which have been severely beaten down.
03:01 Bitcoin had gotten as low as I believe 12, 13 area and maybe it never got to 12, but
03:08 like 13 area.
03:09 And now it's back over 20k.
03:11 In fact, as of recording this video, we can take a look at the exact price, which I believe
03:16 is over $21,000 per coin.
03:19 Yeah.
03:20 Okay.
03:21 So we're sitting at $20,800 per coin.
03:23 We went over 21,000 on Friday, which was the 13th of January.
03:30 So we're seeing a move in the coins.
03:32 We're seeing a move in the miners.
03:33 Does this mean that people are past some of the uncertainty that happens with FTX?
03:38 Way too soon to tell.
03:39 However, we know that names like coin and other crypto names can move really, really,
03:44 really quick in a short amount of time and 50% is not the extent of that.
03:48 So this is going to be on watch for a lot of people next week.
03:51 Outside of that, I thought Zillow Group was interesting to see on here.
03:54 And then I really just want to point out the airlines.
03:56 I know American Airlines is the only one that's on here, but I was trading Delta this week
04:00 and others.
04:01 We actually had the first time since 9/11 that all aircraft in the United States were
04:07 grounded.
04:08 This was, I believe in the morning of Thursday, where there was a problem nationwide with
04:13 the systems.
04:14 It was a computer glitch of some sort.
04:15 They were able to figure it out.
04:17 Once they figured it out right before market open, I had the feeling that some of those
04:20 stocks were probably a little shaky from pre-market trading, but that they were going to see that
04:24 boost.
04:25 And yes, they did into the end of the week.
04:27 AAL finishing of the week up 20 freaking percent.
04:30 That is an airline.
04:32 That does not normally happen.
04:33 So pretty cool to see that and nice to see Delta running with it.
04:37 Coming into the worst performing large cap stocks of the week, though, not too many names
04:42 that I think so many people are always paying attention to and buying and selling.
04:46 But Pfizer was on here.
04:48 We mentioned that that sector was having some interesting times this week.
04:51 And then Dell, we always see Michael Dell pop into our Twitter spaces.
04:55 AbbVie, that's a name that really killed it.
04:58 Lockheed Martin and Northrop Grumman.
05:00 We saw this on the heat map defense stamps.
05:02 Definitely also representing the worst performance this week.
05:06 And like we were talking about, that was probably due to Kevin McCarthy making a bit of a pact
05:14 in order to get elected that he was going to cut back on defense spending.
05:21 And naturally, the biggest, biggest, biggest clients for the US, Lockheed Martin, Northrop
05:26 Grumman.
05:27 Right.
05:28 So they're taking the hit.
05:29 Never, never like to see that if you're one of them.
05:32 No, don't make the concessions of the money coming to us.
05:35 All right, what about this?
05:36 Earnings season is back in town.
05:38 What are we paying attention to?
05:40 Yeah, I'm excited.
05:43 You know, we maybe are a little bit more on the tech front.
05:45 So bank earnings, that one's on me, will definitely interest us.
05:48 And I definitely was watching that.
05:50 But the bank earnings are just kind of the precursor.
05:53 I'd say BlackRock as well.
05:54 It's a lot of like popular coverage on thin twit.
05:58 But yeah, there was a couple earnings.
06:00 It started Friday.
06:01 We'll talk about this a little bit later on.
06:02 It does accelerate next week and the week after.
06:07 But a lot of really good numbers coming out so far.
06:10 What did you think?
06:11 Well, if I know you commented on Delta, that EPS and revenue both beat, but they were down
06:15 on my tweet.
06:17 I did see this forward guide where it was below expectations for next quarter.
06:22 Probably the reason why.
06:23 But Ben, did any of these earnings stand out to you this week?
06:26 Yeah, so definitely the Delta was the one that paid attention to me the most just because
06:29 I had a position in Delta that I was trading.
06:31 Luckily, I sold a third of the position the day beforehand going into earnings.
06:36 You just never want to carry too much into a binary event.
06:38 And even though we did beat on EPS as well as revenue, like you said, the bottom range
06:43 of this forward looking EPS is what scared people.
06:47 Where if they lowered it to 0.4 versus the consensus 0.6, I think that that would have
06:51 taken the top off a little.
06:53 But giving an estimate of potentially 0.15, just 15 cents EPS is really what I think scared
06:59 investors beating Delta down about 5-6% in early morning trading on Friday.
07:04 It did end up making a little bit of resurgence, but I believe finished towards the lower end
07:09 at the end of the day.
07:10 And then it was interesting just seeing some of these banks come in.
07:12 And as you could see, we've got beat, beat, beat, beat, beat, just a lot of beats across
07:18 the board.
07:19 Beat, beat.
07:20 When it comes to here, beat.
07:21 A couple of misses, two misses.
07:24 But for the banks, really just a lot of beating across the board.
07:27 Why would we be surprised?
07:29 Banks tend to thrive in times of uncertainty with the markets, right?
07:34 And especially as you have these rising interest rates are doing pretty well, more money's
07:37 coming into the banks because people are saying, hey, maybe cash isn't trash.
07:41 I can put in, stick it with this bank.
07:42 The bank's using that to make other investments, loans, etc.
07:46 So nice to see some of those beats across the board.
07:50 And then we're just coming into the major headlines.
07:51 This is the market moving news that you really need to be paying attention to.
07:54 There's some crazy stories in here.
07:56 Let's get into it.
07:57 I'll pass it out to you for Monday.
07:59 Yeah.
08:00 So first of all, this was a theme for this week, a theme for the last year and definitely
08:04 a theme going forward.
08:06 Apple taking products that they are currently not making in-house and looking to replace
08:11 their products and bring it in-house.
08:13 So this story here, it's actually two or three stories throughout here, throughout this week
08:17 that have that.
08:18 But this one is with Broadcom and Qualcomm.
08:20 Apple looking to replace their chips by 2025.
08:23 I thought that one was really interesting.
08:25 And the other headline story from Monday was Microsoft is reportedly in talks to invest
08:31 $10 billion into the owner of chat, GBT, OpenAI.
08:36 That was a really interesting deal.
08:37 Wolf, can you actually click into that article quickly?
08:39 Yeah, I can.
08:40 However, I'm only screen sharing the one tab.
08:42 So let's see.
08:43 Does it let you see this one?
08:44 Yes, I can see it.
08:46 Perfect.
08:47 OK, let's take a look at it.
08:49 The one thing that I really wanted to point out here was the fact that they are going
08:52 to be getting 75% of their revenue.
08:55 Or at least it's rumored that they would be getting 75% of the revenue until they made
09:00 their money back.
09:01 Not revenue, profit.
09:02 And then it would go down to profit.
09:03 Yes.
09:04 OK, thank you for correcting that.
09:05 They would get 75% of the profit until they made their money back.
09:08 And then it would go down to where their actual ownership is, which would be 49%, right?
09:13 Yes.
09:14 So that is pretty interesting.
09:16 We'll see if that comes out.
09:17 That's definitely like a sharp, tanky type deal where they're getting the revenue up
09:22 front or the profit up front.
09:23 It makes sure they're getting their money back.
09:25 But I think that that's definitely a story to watch.
09:28 Yeah, this is a super interesting one.
09:30 Just the way that OpenAI has transformed.
09:32 A lot of people don't know that Elon Musk actually co-founded OpenAI.
09:37 Did you know that?
09:38 You probably did, right?
09:39 Yeah.
09:40 Elon Musk co-founded OpenAI, I believe back in 2015, 16 area.
09:43 In 2018, he left the company, exiting the board, stating that the direction that they
09:47 were going did not align with his views and interest.
09:51 So I thought that was pretty interesting.
09:52 And then, yes, like you said, a very Mr. Wonderful, Shark Tank type bet here.
09:57 Microsoft taking a very low gamble, in my opinion, that allows them to bring in AI and
10:03 spice up their search engine.
10:06 Let's make our way through the rest of these.
10:07 Anything else for Monday?
10:08 No, nothing really that stands out to me.
10:12 A lot of really interesting stories.
10:13 This one around Tilray, that they may use excess cannabis growing capacity for fruits
10:19 and veggies really does kind of show you a sign of the times in the cannabis market.
10:26 But yeah, I think that's pretty good for me on Monday.
10:30 Yeah, interesting one there.
10:32 Let's see how the cannabis market projects to form throughout 2023.
10:37 We just had those first stores open up in New York City and other areas of the country
10:44 are looking to open their first stores in the coming months.
10:47 I know Maryland is going to be in the June, July area.
10:50 All right, what's going on from Tuesday?
10:53 Lead off story, Coinbase up 50% this week, but fires 950 employees.
10:58 That was announced on Tuesday.
11:00 So it's becoming a bit of a theme, right?
11:01 You can go ahead and just can about 20% of your workforce, and then you get the 10% stock
11:05 bump.
11:06 Typically, it seems to be how it's working out.
11:08 We saw it with Salesforce.
11:09 We saw it with Meta.
11:10 We saw it with others.
11:11 Now it's happening for Coinbase.
11:12 Coinbase CEO, of course, blaming Sandbank and Freed for the reason that they had to can
11:16 part of their workforce kind of shifted that real nice and sweet.
11:20 Any thoughts around the story?
11:21 Yeah, first of all, one comment.
11:23 A lot of those stocks you're seeing on the best performers from the week, worst performers,
11:28 everything like that.
11:29 One of the reasons they're moving are these new stories that come out through here.
11:32 So a lot of what we talked about will kind of show itself throughout here.
11:36 But I just think it's pretty fascinating.
11:38 I did see later in the week that they're going to be firing and closing down most of their
11:42 Japanese operations as well.
11:44 So I'm sure this is a global aspect and they're going to kind of get in, solidify and really
11:49 make sure that they can survive this bear market.
11:51 But yeah, we'll see on this one.
11:53 Not too much more for me on this Coinbase story, though.
11:55 I did think there was a couple other interesting stories on Tuesday, though.
11:59 One around FTX, though, and Tom Brady, who reportedly owned 1.1 million common stock
12:04 shares of FTX, which was worth 45 million at its peak.
12:08 Well, 45 million probably just like three months ago at this point, which is kind of
12:12 crazy.
12:13 He's going and playing in the playoffs this weekend, but he's down 45 million over the
12:18 last couple weeks, months.
12:20 Maybe you can get some of that money back in the playoff bonus checks.
12:23 It's a good point.
12:24 We'll see what happens.
12:25 Couple comments there.
12:27 2022 is not the year of Tom Brady.
12:29 Not only did he lose money in FTX, his sunglasses company, Christopher Clues, Christopher Clues,
12:35 declared bankruptcy.
12:37 His wife divorced him.
12:39 His offensive line got decimated in the preseason.
12:43 So there was, yeah, a lot of problems kind of across the board.
12:46 But 2023, he's in the playoffs.
12:49 Tom Brady in the playoffs is a dangerous thing.
12:50 He's legitimately never lost to the Dallas Cowboys in his life.
12:55 And he's been playing football in the NFL for longer than he hasn't.
12:59 We're past that point, by the way.
13:00 Tom Brady has been in the NFL longer than the portion of his life before he wasn't.
13:04 So we'll see how 2023 goes.
13:07 Will be interesting.
13:08 Maybe it's his bounce back year starting early.
13:10 But looking at more of these stories, there's a lot of really interesting ones in here.
13:15 There's Roblox one with Meta.
13:17 Roblox may be going to Meta's Quest VR headset later this year.
13:21 And I really want to also quickly shout out to Realty Income, which I know is very popular
13:25 with all the dividend guys on social media.
13:29 But it just declared its 631st consecutive monthly dividend.
13:34 That's about 50 years.
13:35 I did the math.
13:36 It might be like 51, 52, something like that.
13:38 But that is a long time of dividends.
13:41 You know what?
13:42 I'm going to make myself not look stupid and quickly do it.
13:44 54.
13:45 OK, I was kind of close.
13:47 It says 54 year operating history.
13:49 It has declared one, I guess, every single month.
13:52 Yeah.
13:53 And increased it 118 times.
13:54 52 and a half is about where.
13:57 So it took them a couple of months.
13:58 But yeah, that is a pretty interesting shout out to Realty Income on that one.
14:03 Nice.
14:04 Ticker symbol O.
14:05 Yes.
14:06 All right.
14:07 What else we got going on on Wednesday?
14:10 I know that we have this touchscreen Mac story for Apple.
14:13 They have long debated against bringing it to the world.
14:17 I actually know that it was a little bit of an interesting decision for me because I was
14:21 coming over from the Dell XPS when I switched over to MacBook Pro.
14:25 And the weird thing for me was MacBooks didn't have touchscreens.
14:27 And I was just so used to having a touchscreen.
14:29 Having switched over, though, I kind of like not having a touchscreen because there's less
14:32 fingerprints on my screen and things along those lines.
14:34 But I think they're just trying to keep up with the times.
14:37 It's basically like when Android went ahead and was just like, we're going to make bigger
14:40 screens on our phones.
14:41 People are going to love them because they can more easily watch TV.
14:44 And Apple was like, no, we have this perfect little thing that fits in your pocket.
14:47 Let's stick with this.
14:48 And then he gave it a few years.
14:49 And all of a sudden, Apple had a much larger screen on their phones.
14:53 Kind of the way that they're going here with the touchscreen.
14:55 Yeah, it kind of fits into Apple.
14:58 Apple doesn't tend to do things first.
15:00 They tend to come in a couple of years later and try and do it right.
15:03 So I think this might fit in.
15:05 Also, that's coming from a biased shareholder.
15:07 So maybe a little bit beneficial in that direction.
15:10 I thought there was also a couple other really interesting stories this week.
15:14 This Tesla one, they were reportedly close to announcing a preliminary deal to set up
15:19 a factory in Indonesia with a target output of one million cars per year.
15:23 And I would take this a little bit of a grain of salt because we heard two, three weeks
15:26 ago or so that they were about to announce a Mexico factory, which they didn't.
15:31 So we'll see when this happens.
15:32 It sounds like they're close to announcing a factory.
15:35 Elon even told us that directly, that they are close, but they want to be deliberate
15:38 about it.
15:39 But we'll see if that one's coming soon.
15:41 And then Wolf, I know this story at the top here, you have some good color around, but
15:46 Microsoft is giving all US salaried employees a limited paid time off.
15:50 Yeah, this is an interesting story, because when it comes out, of course, the obvious
15:54 joke that people come out with is, "Oh, you're not getting fired.
15:58 You're just getting a limited paid, unlimited time off."
16:00 Right?
16:01 Not even paid, right?
16:02 Wasn't even in the headline.
16:03 And so that's what was coming up.
16:05 But when you look a little bit deeper into it, it's actually a strategic move by Microsoft
16:11 in order to satiate their balance sheet, really.
16:15 And what's going on here is when you have a policy that, let's say all employees are
16:18 going to get two weeks of paid time off, you actually have to go ahead and pretty much
16:23 just add that right on to your balance.
16:25 You have to state, you know, this is the opportunity cost of it.
16:28 This is we know exactly how much, and it becomes a line item in there.
16:32 The thing is, when you switch that to unlimited time off, it can no longer be a line item.
16:37 There's no way to quantify how much people will end up taking, right?
16:40 So the general gist of this is people probably are still not going to take more than two
16:44 weeks.
16:45 If they are taking more than two weeks, they're going to get looked into the company and they're
16:47 going to say, "Why are you doing that?"
16:49 Right?
16:50 So there's a very likely chance people are going to take less than or exactly two weeks.
16:54 And by making it unlimited and unquantifiable, you're actually removing it as a line item
16:58 from that balance sheet.
17:00 It just saves Microsoft some headaches and room within their actual accounting systems
17:05 and looks a little bit better for shareholders, but kind of doesn't really change anything
17:09 that's happening there unless you're one of those rare cases where you actually end up
17:13 needing to have more time off and it benefits you in that case.
17:16 But majority of their workers, this isn't changing anything for it.
17:19 It's just a strategic move for the company's finances.
17:22 Awesome.
17:23 I appreciate those insights there.
17:27 A couple other stories I found really interesting, just quickly.
17:31 This one around AMD stealing Marvell's CFO, more or less.
17:34 BlackRock planning to fire about 500 employees globally.
17:39 Meta rescinding some full-time offers.
17:41 That's kind of a theme going on in here with companies firing.
17:43 I know that's a theme going on in general, but Meta is rescinding some full-time offers
17:48 that it extended to candidates.
17:50 And I also think this one down here is pretty interesting.
17:54 Subway is exploring the possibility of it selling itself in a deal that would value
17:58 the company at more than $10 billion.
18:01 We don't have to go too deep into that one, but Subway going public would be a weird one.
18:06 Why does Subway get so much hate?
18:08 I'm a fan.
18:09 I like Subway.
18:10 I don't know why.
18:11 Everybody's hating.
18:12 I mean, they've refreshed their menu for the last 10 years.
18:16 I feel like that says something.
18:18 Yeah.
18:19 And you know what?
18:20 I'm about it.
18:21 I'm about that refresh.
18:23 Subway is affordable.
18:24 It tastes...
18:25 Listen, the way that I get my Subway too is I stack the veggies.
18:29 So I'm getting the lettuce and the tomatoes and onions and the pickles.
18:33 So the way that I see Subway, I'm basically getting a salad with some bread with it.
18:39 So it's a more healthy alternative for me than some of these other places, plus pretty
18:43 cheap.
18:44 So I'm a fan of Subway.
18:45 I'd be interested to see if someone else bought them.
18:47 They also have like every major athlete signed.
18:49 They have Patrick Mahomes.
18:51 They have Charles Barkley.
18:52 They've got a whole bunch more.
18:53 So they have Bill Belichick, right?
18:55 Like Subway is doing something out here.
18:57 Bill Belichick's never done an ad besides Subway that I've seen.
18:59 Oh, $10 billion is not nothing.
19:02 I mean, Subway is also the largest, has the most chains out there.
19:07 I know their revenue per chain isn't as good as some other ones, but they do have a lot
19:11 of restaurants out there.
19:12 So we will see how they go forward.
19:14 I don't know.
19:15 I really kind of wish they were a public company, so I got to cover them a little bit more.
19:19 But yeah.
19:20 Yep.
19:21 What else are we looking at?
19:23 Are we scrolling down to Thursday?
19:25 Yeah, biggest story on Thursday was CPI coming in, in line with expectations.
19:30 As a news guy, I want above or below expectations.
19:33 The biggest non-story.
19:34 Yeah, the biggest non-story of the week.
19:37 But we also made a full video, me and Wolf, that we posted, which if you go in the top
19:42 right, at least on my channel, it will be there.
19:44 The little "i" will be there.
19:45 You can click that and see the video.
19:47 But that was pretty interesting.
19:50 I think this Google and Porsche story is also kind of fascinating.
19:53 That Google and Porsche are in talks to maybe integrate Google software into Porsche's car
19:58 cockpit.
20:00 Not for all of Volkswagen, but just for Porsche.
20:02 But that could be potentially fascinating.
20:04 And something for me and you, Wolf.
20:06 NVIDIA streaming software now has an option to use AI to make it look like you're keeping
20:11 eye contact with a camera, even when you are not.
20:14 So I think that's a pretty fascinating story as well.
20:17 That'd be helpful for all those that are watching this.
20:19 Hopefully, you haven't been watching me too closely because I definitely have not been
20:22 keeping eye contact with a camera.
20:26 So hey, maybe we'll use that NVIDIA software a little bit going on.
20:28 I think the last story here, the last story on this one, eggs, has become a big topic,
20:32 a big meme.
20:33 Honestly, something I've noticed when I go and bought eggs in the store.
20:37 But eggs are up 60% year over year as of December.
20:40 And that's from that CPI report.
20:42 Yep, eggs are the new gold, eggs are the new inflation hedge, eggs are the new wonder
20:48 of the world.
20:49 Keep an eye on it.
20:50 Wolf.
20:51 Reminds me of lumber.
20:52 Speaking on that inflation hedge, I guess Arizona is really trying hard to keep their
20:56 99 cent cans as an inflation hedge.
20:59 They raised the price of their 20 ounce bottles from 99 cents to $1.25 in the Northeast so
21:05 they can keep their cans priced at 99 cents.
21:07 I think this is a pretty fascinating story and we'll see how long they can keep it there.
21:13 They're trying.
21:15 Interesting.
21:17 So has it been raised or is it still 99 cents?
21:20 No, it's been raised.
21:21 I've seen a couple of people that picture there of it going up.
21:23 This picture is a little bit misleading.
21:26 And listen, I'll take Yahoo Finance's word for it.
21:28 But there was for a long time, this picture has been going around.
21:33 And what people have been failing to realize is that it was in Canada and in Canada they
21:38 had raised to $1.25 a little while back.
21:41 I think that was due to tax reasons.
21:42 Canada has some different tax stuff.
21:44 So that's been going on for a while that you've seen $1.25, but they've always been in Canada.
21:49 So the question is, is it actually happening in the US?
21:51 And if it is, I think it's officially time to give up.
21:55 It says the Northeast market.
21:58 You know what, Wolf?
21:59 It says the Northeast market.
22:00 I think I have to go and check.
22:02 I think you're right.
22:03 I guess you got to go out to your local bodega.
22:07 Go check it out.
22:09 If you're still watching, we're probably 20 minutes in at this point.
22:11 Honestly, if you're still watching, tweet at us, Instagram maybe if you're coming from
22:16 there, message me and I'll get back to you on if it was actually $1.25.
22:19 But I want to check.
22:20 We're going to check right after this recording.
22:23 But besides that post, I thought this Nancy Pelosi one was pretty interesting.
22:28 Some tax laws harvesting vibes, but maybe I'm wrong.
22:30 She sold Tesla and Disney and a bunch of others in there.
22:35 And she took some losses, $511K on Tesla.
22:39 These trades did happen right around December 20th or something, and they were filed this
22:44 week.
22:45 But Nancy Pelosi took some else and maybe doing some tax laws harvesting around that.
22:49 She's just trying to throw you off a scent.
22:52 Don't worry.
22:53 She's still worth $100 mil plus.
22:55 Don't fall for it.
22:56 She still uses insider trading for investing.
22:59 I also don't know if we're going to be getting too much more info on our trades anymore because
23:03 she's stepping down.
23:04 So I assume she's still a member of the House.
23:09 The House also passed legislation this week that will make it more difficult for regulators
23:14 to invest House members for insider trading.
23:18 Always what you love to see, you know?
23:20 Yes.
23:21 Yes.
23:22 Putting tax money to good work.
23:23 All right.
23:25 What else is going on throughout here?
23:26 We had some YouTube stuff.
23:27 I did see that.
23:29 Janet Yellen talking.
23:30 Any other stories you want to point out?
23:32 Yeah, the debt limit was definitely a conversation.
23:34 Bed Bath & Beyond having a little bit of a struggle.
23:38 They might be selling some buy buy baby stores.
23:39 But overall, I think that is the majority of the major news from this week.
23:44 I know we're about to record another video that's going to be posted tomorrow that will
23:47 help you guys get ready for next week.
23:50 All the planned events.
23:51 But I appreciate the video.
23:53 I think if anyone's still here, make sure you like the video.
23:56 If you're still here, you're obviously a fan of what we do and a fan of the page.
23:59 So you should be subscribed to our YouTube channels.
24:01 We're both trying to do some big things and I appreciate everybody.
24:05 Yeah.
24:06 Thanks all that made it to this end.
24:08 Check out our next video talking about getting prepared for next week.
24:10 We're going to run through the economic calendar as well as earnings season being back, hoping
24:15 for some more bullish activity if you are positioned to the long side like we are.
24:20 And with that being said, thanks to everybody that tuned into this one.
24:23 Like Evan said, make sure that you are subscribed to the channel.
24:26 Free to subscribe, free to like the video.
24:29 We're going to keep them coming.
24:30 We'll talk to you all soon.
24:32 Hope you enjoyed.
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