[00:02] produce a fair number of gaps across a number of asset classes here. Headline indexes of course, but mainly crude oil. Ilia, before we get there, how are you? >> It's been an interesting weekend. I think I've caught a little bit of a a
[00:16] think I've caught a little bit of a a cold, but the kids had a a ball. Um, they went to Dave and Busters for the first time and their mind was blown. >> Oh, wow. That's special. >> That's right. They were they were they
[00:30] >> Dave, there was no David Busters near me where I grew up. There was one in the Palisades Mall, so you had to drive like 354 minutes to get there. But whenever we went, it was a big deal. I think they had NASCAR go-karts in the mall, too. It
[00:43] was It was a crazy place to go. But it was like a kids dream. Damon Busters is a kid's dream. Oh, they were having a ball. The boy found a John Wick game and he just kept feeding coins into the machine because the shooting had to get
[00:56] done. And I know some people will inevitably say in the chat, "Yeah, it's It's like, "Well, if you're drinking beer at Dave and Busters, I mean, on how many kids you got with you and how many adults are there to share that
[01:10] remember that. >> Sometimes sometimes you need defenses. >> Uh you know, in in fairness, often when we did the Dave and Buster trips, it was like a group of adults renting a bus and they no one was driving. So, yeah,
[01:26] >> it seemed like they were enjoying the beer part of that. Either way here, I uh beer part of that. Either way here, I uh my my war against my my black locust has taken a turn for the better. >> The saplings,
[01:38] >> they have started to die. They have stopped sprouting. They're dying. They're in retreat. I have new property. >> Like the conflict in Iran. We're making >> Yeah, this one is this one. We're winning. And uh it feels good to conquer
[01:53] nature. Let me tell you that. It feels good. We put a man on the moon. There's going to beat this stupid tree. Of course, there was no doubt. There was a Weekend headlines here. We have the market opening in just less than 2
[02:07] minutes time. Uh US ceasefire or at least desire for one seems to be moving the needle here. I was looking at Weekend Oil up on the uh IG website, which is a parent company here of Tasty Trade, Tasty Live. Uh 4.64% to the
[02:22] >> Weekend Wall Street's a little bit softer about 3/10 4/10en of a percent to the upside, but uh oil seems to have a little bit of a a move here, lower. It closed the other day at 9047 was the open outcry close. uh ultimately, excuse
[02:36] as we went into that close with a little bit of a firmer tape, but could be opening up closer to 86 right now. Let's just start here. Uh oil will be week. I would caution about this being the number one focus as we move into a
[02:52] big big week here. The earnings calendar is saturated. The macro calendar is saturated. If there's ever a week for volatility to make an appearance, one would think it would be this one. >> Yeah. I mean, this is a week that's
[03:05] >> Yeah. I mean, this is a week that's loaded. Um, we've got uh Iran and the US loaded. Um, we've got uh Iran and the US maybe inching toward something again. Maybe the president hasn't cried wolf enough times because now it's uh the
[03:20] latest headline I'm seeing says Iran says it will halt strikes as long as US bombing pause holds. So, whatever the president was dangling out there looks like it's having an effect. Here we have our downside gap on crude. Um, and we
[03:35] >> and a bigger and a bigger gap open higher on stocks than what week on Wall Street was implying for what it's worth. NASDAQ's up 1.3%. The S&P up uh 7/10 >> see if we can hold this. Yeah.
[03:48] the thrust of the war again, but how many times did we see similar price action during March and April? Oh, this is [laughter] >> to get excited about this I think would be the wrong thing to do. We got to we
[04:02] got to wait and see because you know, fool me once, shame on you. Fool me twice, thrice, >> etc., etc. Let me take a quick trip quotes now that they're out as we hit the 6 p.m. Eastern 5 central hour. S&P
[04:16] 500 up 7/10 of a percent, we'll call it 7502. That's 55 points out of the gap uh out of the open. NASDAQ up 1.3, 366 points. the Russell up 1.22%. Ilia, you've long commented how, you know, it's very sensitive to oil given the the
[04:31] the quality of those companies that sit within the Russell 2000. Uh 34 points higher there. A little bit of confirmation from crypto 2 1.25, Ethereum 3.4% higher. That's Bitcoin and Ethereum respectively. Swinging around
[04:43] to bonds notes here, gapping open higher and running. Bonds themselves gapping a bounce. So lower yields coming into play which is no doubt helping the here. The pound, the the Canadian dollar, the euro, they're all bouncing.
[04:59] Gold likewise bouncing up 610 of a percent. So uh Ilia, we'll just go to volatility here real quick before we pass it back to you. 1855 it's already 68 cents lower at the start of this trade here. The market clearly sees oil
[05:12] start of the week. And I was mentioning that we can only really presume this to be a significant catalyst for maybe Monday and perhaps Tuesday, but by the Wednesday, the attention will have shifted off this if there's no missiles
[05:28] flying and ships have started to resume their transit through the straight of Hormuz. >> Yeah. I mean, this is the kind of >> Yeah. I mean, this is the kind of response you would expect if you were in
[05:41] a pure kind of war trade world, right? Oh, news of a ceasefire, right? Oil down. What does that mean? Filter it out across assets. But we've seen that once
[05:53] we get past the immediate headlines, even in a matter of hours, the relationships recently have failed to hold. We don't get these war trade themes holding sometimes even for 24 hours.
[06:08] They fade and they give way to something else. So, we've seen gold and oil be inconsistent for weeks at a time. We've seen bonds wax and wayne as to whether they care about this >> and the degree to which they care.
[06:24] >> and the degree to which they care. So, it would be, I think, much too much to assume that this is something that's setting up a a tone for the week. There's too much else that's going to happen this week to really read
[06:39] going to happen this week to really read too much into this thin liquidity uh price action. We got the Fed, we got US GDP the day after. >> We got tons of earnings. It's a big week. There's there's a lot of landmines
[06:53] >> Ilia, uh I think it was last week, maybe it was the week before CLV4, CLV6, uh trades out in oil to start the show because oil was having a fairly big move. We started to move to the upside here. Um, just taking a look at what
[07:08] have both been operating a little little bit on the long delta side. Although I had a bit of a data a legacy 9392, excuse me, 97 98 um long put spread here that I put on a while back. I may be able to actually cash this out now uh
[07:23] there if you will, but I may be able to cash this out now and keep it growing. It's at 22 days. I'm going to keep an eye on the 7071 short put spread here as we get to the open only because I'm watching that brown bar. If you're on
[07:36] mode looking at your strikes, that brown bar, that's the expected move. And if we start to see this dip down into like 71 or so, uh we've seen how oil fell back discount the fact that if the market really does believe that there is a no
[07:51] more missiles oil resuming flow, it went from what uh 87 down to 73 in the span of 4 days back in the middle of June. So not going to want to sit, you know, too tight with those short put spreads if we can make a similar type of move. Another
[08:06] a $13 loss puts me basically right at my short strike in that put spread. Um >> if if you take a look, there's an interesting level here. um the July 19th interesting level here. um the July 19th high, it's um former resistance turn
[08:21] high, it's um former resistance turn support. We're testing right there. So, let's see. I mean, on on a 4hour chart, it looks like a point of friction.
[08:34] And so, you look at that and you go, "Okay, well, let's see, right? If we if we manage to stair step this thing, where are the stairs?" We could be >> Yeah, it would make sense that 84 or so. But um you know, is there anything to do
[08:50] position I mean have trading around it? I'm looking at the 53 days. >> sit on my long and and wait for liquidity to fill out a little bit more >> Yeah. I'm looking at like the short iron condra that was done. Uh we're currently
[09:05] sitting at 80 81 in this contract. So $14 away from the short strike there. $13 away from the short strike here, Ilia. That's like >> Yeah. >> You know, so this move in oil today like
[09:20] kind of helps 114 days out. I know that this is a little bit longer dated 697. this is a little bit longer dated 697. Point is, uh not much to do here, right? Uh we've seen this movie before. The president cried wolf. I'd like to
[09:33] President Trump talking about ending civilizations. He's got a big surprise plan for Iran. Usually that kind of talk was a precursor to him stepping down. >> right? >> So, I think that we have a nice little
[09:46] after all that tension was building on Friday. I mean, we saw the oil shooting up now. We just gave back uh 5 days of gains. So, week. >> Yeah. I mean, this is not this is not
[10:02] anything to pin the week off. >> No, no, not at all. So, let's get into mentioned the Fed. I mean, earnings are what people are going to be here for. I there for some of these markets that are coming up. It really is a packed
[10:15] schedule. Um, but I I do want to focus on the Fed here because with that move in oil, Ilia, we had seen over the past week that the rate hike expectations for one thing that has not lost on me at the start of this week is that rate hike
[10:29] odds have really taken a a move to the downside here. Yeah. >> Okay. Um, Friday, just for the point of reference, the close we were looking at reference, the close we were looking at 60% chance. Um that's not quite fair. Uh
[10:42] we were looking at a 58% chance, okay, of two 25 basis point rate hikes this year. Uh now we are looking at just a 40% chance. So down 18%. From Friday,
[10:55] that's the impact of oil here. And that is that is an interesting setup for maybe why Trump calls the timeout here on Iran. You know, you you and I had this really interesting discussion going into Worsh's testimony a few weeks back.
[11:10] Could Worsh use the recent decline in oil prices as a precursor, a pretext to and not hike." >> Mhm. >> And now going into this next Fed meeting, maybe by Wednesday, oil could
[11:22] be below 80 again. It could be back in the 70s. In which case, then what? It's like 5% higher than when Worsh was speaking in Congress a few weeks ago. Maybe that >> do you think that we need
[11:35] >> and it's it's not a bad thing to sort of put before the committee to say look this thing is moving quickly. We're getting oil prices swinging back and forth rapidly. We can't really extrapolate very much because the
[11:50] extrapolate very much because the geopolitics are very much in flux. Why are we going to make a move? And what is it about a move that we make here that's it about a move that we make here that's going to change anything? Uh, I think
[12:02] increasingly I'm starting to think that the reason the markets are even pricing rate hikes >> is because they see inflation outside of >> is because they see inflation outside of oil.
[12:16] >> when when the inflation is oil unless it's become sticky, right? Cuz we saw this on the way out of CO, right? The Fed was saying it's transitory, it's transitory, it'll pass.
[12:29] And it did, by the way, eventually, but enough of it made it into core services that the Fed couldn't just assume it would all fade and had to act.
[12:43] And so, [snorts] if oil makes it into core services, yeah, okay, rate hikes. But otherwise, if all you're looking at is an energy shock, what in the world is energy shock? >> Nothing.
[12:57] >> Nothing. >> Nothing. So why are you hiking? To make it even more difficult for consumers to withstand the energy shock. That doesn't make any sense. So right >> for the Fed, I think the calculus here
[13:12] is if we have sticky inflation primarily from AI, then we need to move. And the rise in real rates tells you the market is screaming at them that listen
[13:24] uh we're going to start doing the tightening over here. you all come on over. We've already told you where this is going. And so that I can see as a rationale for a
[13:37] that I can see as a rationale for a hike. Frankly, the presence of hikes in the forecast almost implies that there's something more here than oil. I don't think the Fed looks at the geopolitics and goes, "Oh yeah, here's a reason for
[13:50] us to assume this stuff is going to matter medium-term up or down. Let's make a call. >> Well, Treasury yields are backing off at six basis points lower from where they were at their peak last week, which was
[14:02] the highest level that we had seen since January 25. Ilia, um, I'm not going to change my approach to ZB here because even if oil prices come in, I like you think that there's a good deal of inflation embedded in the system. And if
[14:14] the Fed is going to continue not to hike in this environment, well, then we're going to get more inflation. So, where does that appear? typically at the long end of the curve. Um the dollar to me is a fascinating bit
[14:27] going to head over to those equities and the uh the earnings that are due up here dollar has had a little bit of a nice run here in recent days. Not quite to there. Today is taking a little bit of a setback at the open. Um, this is
[14:42] obviously something I'm going to monitor, but for only being down 2/10 of a percent against the euro and considering I'm looking short call spreads up above 115 115 and a half or so, I I'm not I mean the 114 115 may get
[14:59] challenged here. Okay. But beyond that, I mean, I have no reason to. This is a thin market right now, obviously, given it's the Euro F equity FX futures, but do anything different here to start the week in this either. This may be
[15:14] actually a counter trend opportunity all things considered where maybe we get a softer dollar going into Wednesday and [clears throat] can buy a dip again. I mean, I'm sitting I mean, if you look at a Euro daily
[15:27] chart here, you'll see that it's basically carving out a little range basically carving out a little range here. And so, I am long outright the futures, the M6E futures against that low. And so, my
[15:41] idea is look, either it holds or it doesn't hold. doesn't hold. If gold is saying something here by refusing to >> participate by refus by ignoring the
[15:53] rally in oil completely then maybe something's going on here. Maybe the market is trying to say something. So let's see. I'm still long
[16:06] something. So let's see. I'm still long oil which I might um end up if we continue to move like this might have to take off. But I was long since before it take off. But I was long since before it turned. So no big uh no big
[16:22] issue here. I have lots of space to work with. But in being both long oil and short dollar and long gold, I'm kind of straddling both parts of the narrative
[16:34] and essentially waiting one to work. But oil obviously has worked >> already for some weeks. So, I just have to basically figure out where I want to pull the rip cord on this stuff. For now, I'm still uh
[16:49] >> the volatility is so low. The volatility is so low in the metals right now. 13.5 IVR in gold right now. >> That could be there could be verticals that are had here >> that are super duper cheap
[17:03] >> for a song. And yet, by the way, just think on the price action like nobody wants to put any kind of uh meaningful cost on these
[17:17] calls. Gold hasn't fallen off with the oil rally and the yields run up, especially real rates surging. This looks a whole lot like that beach ball that you talked about.
[17:32] >> Yeah, that and copper copper ilio. Look how look at this long-term chart. >> It should be getting killed. How come it's not dead? >> How come? What? I'm saying [laughter] I look at gold and I look at this and I go
[17:45] make it make sense. These markets do not want to go down. >> No. And that that does bring me to names like I mean thinking like free FCX for example here. I mean obviously the pricing right now it's after hours but
[18:01] FCX would be a name that's going to be heavily tied to copper. And lots of chop here. Is there a floor? I mean, I would love morning. 5550. >> I'm watching really closely. I'm I'm I'm
[18:17] watching the metals closely. I cut my silver in half, but because you have to respect the price action, >> you might have to add back in. But I still have my core and I might have to add back in because these metals are
[18:32] thing in the bonds, you see that thing in oil. Yeah, we see something else. Ilia, uh, this week is saturated with earnings. Before we get to the to just give a brief overview of where we stand right now with respect to those
[18:48] of their gains. They're coming off a little bit. Oil still down around 5% here uh at the open 8473 and change. NASDAQ up 1.13%. No ugly close. Uh we are now 27% of the way through Q2 earning season for the
[19:05] S&P 500. 86% of companies have reported a positive EPS surprise and 80% have a positive EPS surprise and 80% have reported positive revenue surprises
[19:18] the NASDAQ. Okay, Ilia. >> Oh, yeah. Action is really encouraging. >> Stop. Stop. Stop. Stop. Stop. Stop. Put the bear away for a second. Ilia, the earnings growth rate that we've been discussing here.
[19:32] >> Was in the low 20s, correct? >> Yes. >> Okay. For Q2 2026, the blended earnings growth rate for the S&P 500 has gone from 23.2% 2% at the start of the quarter to
[19:48] the quarter to 37.9%. the reporting season, that would be the uh highest earnings growth rate reported uh highest earnings growth rate reported by the S&P 500 since Q3 2021.
[20:02] I just broke my pen. >> The forward 12-month PE right now is 20.1. The uh 5-year average, >> that was the COVID reopening. The base effect that we are working off of though.
[20:15] >> Yeah. >> Right. The year-over-year. Okay. Uh forward month PE is 12 month PE is 20.1 which sits just above the 5year average of 19.9. [snorts] I mean Ilia this is this is what is in
[20:29] the back of my head much like what we saw in March and April. If the market finds legitimacy in the idea that the war is deescalating again and oil is flowing, the earnings could once again subsume all of the
[20:43] legitimate bearish narratives are out there just because the numbers just look >> and it forces another incremental squeeze to the upside. If if not to say that like it's going to last again because this one certainly hasn't
[20:56] lasted. We've slashed off all the gains since the start of June. Um, but I could see I now could see that starting to come together here. It's going to take a >> I don't think we have I don't think we can dismiss the possess of civility.
[21:12] can dismiss the possess of civility. >> This market does not like going down. Just constitutional. There is not a strong There is not a strong uh there there's not a strong amount of
[21:27] uh there there's not a strong amount of uh people that are out there pounding uh people that are out there pounding the tables going.
[21:39] wants to belong. They want for this to work. But even with all that, even with all that, the bar is now really really high. And
[21:53] the bar is now really really high. And the thing that strikes me the most, the thing that strikes me the most, >> take a look at that um tips ETF because I Yeah, I think that really tells the story. Go to a weekly chart because this
[22:06] thing is a little gappy. You know where that top is right there? That place we just topped the beginning of the most recent down swing.
[22:19] That's the place where the last earnings season is season is right there. That's the spot where the stock market veers off from bonds and bonds start looking like they're still
[22:34] trading the war. Gold starts looking like it's trading the war. But it's not though, is it? Because what we have is just a meltup in yields because real rates start to come up really hard. And the thing that keeps
[22:48] on gnawing on me is that wasn't really the war, was it? That was the hyperscalers coming out and saying we are going to rain $750 billion
[23:00] on the economy. But what's going to happen when when you do that in a sector that already in the first quarter was growing 10.1% annualized? How inflationary is that? And then you go, okay, so what happens the moment those
[23:15] announcements come? Stocks and bonds diverge. Why? Cuz lots of money is coming. Stocks like the money. Bonds think the money will mean rates have to go higher because you have to get compensation for that level of heat.
[23:32] all of a sudden starts to look a lot more coherently like a inflation and AI story. to uh those earnings that are coming up. Monday I'm going to say is a pretty
[23:47] quiet day. There is something at the open which unfortunately probably too late to get anything in. But Astroenica uh reports I'm looking at for companies with more than uh you know hundred billion or $150 billion in market cap
[24:00] that could peique people's interest. Um, Astroenica, decent trading volume here, right? If you open up the uh the tab here, Ilia, and go to overview, you rating. We just put it to stars to make it simple. Not the greatest right now.
[24:13] So, okay. Anyway, can't anything be done there. Um, Tuesday, we're going to go over to Verizon. Uh, that is a little bit more tradable, right? We're talking about what 4.5 million shares traded here. 63 IVR, but the implied
[24:26] volatility, these are, you know, 20s, 30s. These aren't high as as high as either. Also, not exactly daily expirations. >> The day of the game is Wednesday. >> Yeah. And like assuming listen, the
[24:39] I'm going through this >> I'm going through this in the way that like a TP or Liz would do, right? Forget what's going on. Let's just take a look expected move. And is there something to do out there? So, at the expected move
[24:52] here, right, we're going $12.85 down from the closing price of 355. It's going to bring you down to about three, you know, 42 and change. Uh, right now, if this were to be able to put on 51 cents a credit for $2.5, so 20 20% of
[25:06] the width of the strike. No, nothing to do there. Coca-Cola area um is interesting for me because I'm already sitting short the 8078 put spread here. two ago where it dipped back in between that 1 month and 50-day. So, that to me
[25:21] was a, you know, let me put something on. It's also an 80 IVR, so not super high volatility here. 30 for this week's cycle. Um, again, looking at the expected move, 17 cents a credit on a dollar wide strike. Again, this could
[25:35] just be because the market's closed, but that wouldn't be something we'd want to do. Still too thin. And then I'm looking at the ones that actually may matter because these are semiconductor names. Clack and uh, STX. Clack is probably
[25:48] going to dislike trading the most because the closest expiration cycle is because the closest expiration cycle is 26 days out. So, it's not exactly an earnings play and you have to give it all the way down to like 170 to make
[26:01] anything work. That said, you probably could get compensated at a name like Clack because you're looking at close to $2 of credit on a $5 wide strike. And so, something that's near 40% of the value of the strike m okay, you could
[26:13] this thing turns against you, there's still 26 days to expiration. But the STX at least for the Tuesday ones, because that is something with 5 days to expiration. There is a sizable move of nearly $120 priced in. If you were to go
[26:28] $5 wide at the expected, you can tinker with something and find uh, you know, when the market opens likely given the 90 IVR in the 129% implied volatility, juicy, you know, a third of the width of the strike range. So, I I'll leave it
[26:43] there. I know you're not much of an earnings guy, but I'm assuming you care we care for the semiconductor story about Clack and STX, but Visa speaks to the consumer in a way that probably draws your interest. Yeah. I mean, I'm
[26:57] not looking at it as a vehicle to trade Visa. I am looking at it because I want to hear what they say about consumers. For me, the most interesting part of this story and what's happening in the signaling from the macro assets are this
[27:13] idea that real interest rates are getting spun up in a way that we haven't seen frankly since the tariff tantrum of April last year.
[27:29] >> That's significant. And so you look at that and you go right okay we already had the weakest uh consumption contribution to GDP in a year in the first quarter
[27:45] when that happened the economy was shrinking the previous time that the contribution was that small was the first quarter of was that small was the first quarter of 2022 the economy was shrinking
[27:59] So for me it's sort of like okay well yes we have this buildout that's juicing up business investment but that's only 14% business investment but that's only 14% of the economy. The consumer is 68.
[28:13] it's not going to take a whole lot of retrenchment from that consumer to overwhelm that business investment and put the economy net down. put the economy net down. So, where's the consumer in all of this?
[28:27] As crude oil uh jumps again, meanwhile, real rates, that thing they teach you on the first semester of your macroeconomics class, is kryptonite for macroeconomics class, is kryptonite for growth. A rise in the real inflation
[28:42] adjusted cost of money. And we're looking at the and and we're looking at the highest in over a year. you know, Visa doesn't even around these their their earnings calendar, how they responded previously. Um, they don't,
[28:59] you know, a handful of times they produce decent moves. Uh, you know, but I odd is rare is the occasion. I I actually put a note in for Julia to see if she would run or Gad, someone on
[29:13] the research team would run the numbers. How often does Visa break its expected spot check here seemed like it was six of the past eight times. It stayed >> And so I know we were just saying before I'm looking at Visa as like a short put
[29:27] spread and not really appealing if it's 51 cents credit. But if you do a short iron condor for the earnings, which I'm going to see if this pricing holds tomorrow at the open Ilia, a$110 of credit on a $2.5 strike is fantastic,
[29:41] right? That's 44%. And that's that's well north of the 33% threshold that we look for. So, um, Visa to me may be more of a pin than anything else. Maybe oscillate to the downside. Maybe give it a little bit more room to
[29:54] we could get for it. But either way, there's something to think about and the most this week, and I'm not going to go past Wednesday because quite frankly, everything. And if I'm thinking about the earnings trades going into the
[30:08] Thursday releases, your Apple and your Amazon, I'd much rather put those on on Thursday morning because I want to I don't want to whatever may happen to Amazon and Apple. Ilia, I'm sure you'd agree the Fed could let's say it's 10%
[30:22] in either direction. The Fed could change that range fundamentally where Apple and Amazon are going to stay within the expected move. It's just that the expected move changed because the Fed kicked up the market a percent or
[30:34] knocked it down 2% or something. So for me, I mean, Apple and Amazon are a talk about those on overtime on Wednesday. I personally don't think But then Microsoft and Meta, this is the curveball for me.
[30:49] Again, you not being an earnings guy is one thing, but these are right after the Fed meeting on Wednesday. >> These are sentiment indicators. There's uh you have to pay attention. Meta, Microsoft, Apple, Amazon. The
[31:04] amount of market cap that's locked into those four names over basically a 24-hour period is big enough that
[31:16] >> They're going to make the weather as far as the stock market is concerned >> and all these other cute things that we talk about like blah blah blah blah blah. Let's let's look at Visa because it'll be an indicator. I mean, yes, I
[31:31] will be looking at Visa, but it will be an academic exercise. >> For the most part, because what's going to happen and what what really is going to happen and what what really is going to make the weather here
[31:43] nobody's going to have conviction until they're out. >> Yeah. I mean, like Apple holds up. Everyone's go, "Yeah, but they're not spending the money like the hyperscalers are." So, what does that really tell us?
[31:56] >> This is I mean this is where it gets fun, right? So you get uh Meta, Microsoft and then the next day you get Apple and
[32:08] Amazon. So you get all the flavors. I think Apple, Amazon, those might be worth those I'll put on something for on here which isn't working out so hot right now. Nor is this Meta one. Um, but
[32:23] the meta and the Microsoft, I mean, for me, I'm thinking about this at 26 days and we get back above anywhere back above this short strike, I'm going to use it as an opportunity just to get out ahead of the earnings. Quite frankly, I
[32:36] position has turned very rapidly. It was a nice little idea for a few days there and then really Wednesday through Friday last week, it started to fall apart. So, leave it. Uh, this week is loaded right now, folks. Fed meeting, US GDP, all
[32:50] these earnings reports Monday through Wednesday. Uh Monday and Tuesday not as as heavy, but you get some of those semiconductor names, Clack and STX. You're going to get Corning, which GLW this has been at the center of a lot of
[33:03] little >> and I go on vacation as of Tuesday. up. >> I'll be I'll be glued uh I'll be glued to uh the price action. uh on the road.
[33:19] You you you should suddenly see a pickup in my uh activity on the platform in my uh activity on the platform formerly known as Twitter. Uh Wednesday, Microsoft Meta, Lamb Research Corporation, LRCX, Proctor, Gamble, PG,
[33:33] Corporation, LRCX, Proctor, Gamble, PG, ARM, ARM, and Qualcomm QCOM. So, there's a lot. This week is loaded, loaded, loaded. We start the week off though with a decline in oil prices down 5.6% 6% after the US is halting its attacks
[33:46] and Iran is seemingly going to oblige. The S&P 500 up 47 1/2 points giving up some of the gains from the open about 10 points lower when we were up 55. Otherwise the NASDAQ up 1.2%. Gold here up by about half a percent. Ilia we will
[33:59] be back tomorrow morning 7:30 central time 8:30 Eastern as we typically are every Monday through Friday here on Tasty Live. You can send us in your sends that we do. research attastylive.com. research
[34:11] attastylive.com and of course head over to our YouTube channel where we've you can watch anytime you want. You don't need to be tuning in live, but go consume that. Some interesting trades that we flag on the options chain, uh
[34:23] different macro evolutions that Ilia likes to cover. We have interviews with outside guests all on our channel. So, while you're here, like and subscribe will see you tomorrow, my friend. For everyone else, good luck trading. See
[34:35] you tomorrow morning, 8:30 Eastern, 7:30 Central, when Tasty Live resumes Central, when Tasty Live resumes programming. Hope you have a good night.
[35:17] show. My name is Mike Butler. I'm here with Jamal Chandler. Markets are up a tiny bit. Intel kind of slid after earnings yesterday, but it is Friday, July 24th. Hopefully, you all have some fun weekend plans. I know I do. And
[35:32] doing this morning? >> Doing great, man. Um weekend, uh I don't now, but uh other than just weekending. Other than that, um let's take a look at what's coming up today. Let's take a look what we got on today's show. We got
[35:47] a bunch of stuff going on here. So, of course, you and I are going to talk a little bit. We're going to talk about some morning news with Chris. We got overnight moves with Liz at 8:15 Central time, of course, which eventually leads
[35:59] into the opening bell. We got some volatility and scalping with Arrow and of course that's going to be NASDAQ related. Dr. Jim comes on and does uh a little uh solo thing at 15 for 15 minutes inside the trade. Then we got
[36:13] some inside uh got some trading charts with Tim Knight. We got some research, some tasty research with Julia. And finally, uh you and I will round out the show with some live trading. >> Yeah, absolutely. It's going to be a
[36:26] jam-packed show as it always is. Um, but yeah, I think first things first, uh, yeah, I think first things first, uh, looking at this S&P Super Bowl here, is there a way to close out of this for a profit? Looks like we're ticking, we're
[36:40] ticking around. Okay, >> I had this this 7,400 7390. We closed at 7408 and we're implying to open up 20 points from that level with the futures up 20 points here. Um, but I'm excited
[36:54] to see how this all hap Oh, I was assigned on 200 shares of Tesla. That's fun. So, this will be good. >> This will be a good example of uh how nothing really changes on the open. Uh yeah, apparently my butterfly that was
[37:10] in the money was assigned by two short options and two short puts. buying power requirement uh is probably through the roof right now, but it doesn't matter. the the broker knows you have these protective puts on. Uh
[37:23] something like that? >> Uh it was 355.