[0:01] All right, everyone. Me Kevin here.
[0:03] Look, I was wrong. I made a mistake on
[0:06] some recent bullish optimism, and I want
[0:08] to come clean about what was wrong and
[0:12] where we're going now, because the
[0:14] market's going into a very interesting
[0:15] direction. And I think it creates an
[0:17] opportunity for us. Uh but in order to
[0:19] actually understand what this
[0:21] opportunity might be, we should really
[0:22] just sit down together and have a
[0:24] conversation about what went wrong uh
[0:27] what went right and which of the thesis
[0:29] sort of still remain in play. Uh because
[0:31] there are a lot of them that actually
[0:33] remain in play. We just want to make
[0:34] sure we have the timing right. Uh and
[0:36] there's a new sector that's getting a
[0:38] lot of attention right now, but I
[0:39] actually think there's a warning to be
[0:42] had around that particular sector. And
[0:44] so we're going to go through some
[0:45] analysis. I'm going to give you my full
[0:47] opinion on all of this. Uh, but first,
[0:49] I'm I'm just going to be very straight
[0:51] with you and blunt with you about where
[0:53] I was wrong. I think the largest mistake
[0:55] that I made over the last week, week and
[0:58] a half here is I was too optimistic that
[1:00] Kevin Worsh was going to be a dove. He
[1:03] basically chose violence by choosing
[1:05] silence. He chose silence as a way to
[1:08] signal Federal Reserve independence and
[1:10] his commitment to the left side of the
[1:13] decimal point of inflation, which to me
[1:15] sounds long-term doubbish, but to
[1:17] markets sounded short-term hawkish. And
[1:20] of course, that's why markets reacted
[1:21] the way uh they did. Uh and this was
[1:24] also accelerated by some other issues in
[1:27] the marketplace that we should really
[1:28] discuss. Uh and I think when we put it
[1:31] all together, we can really understand
[1:33] why market leadership is moving. uh from
[1:36] where it had been really sexy, you know,
[1:38] Nvidia to some extent, uh AMD, even the
[1:41] memory chip stocks, which today are
[1:43] giving back even more of their gains,
[1:46] which means we're not back to levels we
[1:47] had before micron earnings, and now
[1:49] we're even lower uh than uh than than
[1:53] where we've been over the last, you
[1:54] know, post earnings rally, if you will.
[1:57] Uh so, let's understand this. The very
[2:00] first problem that we had was Kevin
[2:03] Walsh. There's no question about that. I
[2:06] want to be very clear. I'm not changing
[2:07] my opinion on Kevin Walsh. I think he's
[2:10] a guy that is going to drive interest
[2:12] rates to zero. The biggest concern I
[2:14] have with Kevin War is based on his
[2:16] history, he is not going to be a money
[2:19] printer kind of guy, which means when
[2:21] and if we have a uh, you know, dramatic
[2:24] recession or depression because AI
[2:26] hardware rolls over and everybody loses
[2:28] all their money because growth rates
[2:30] roll over and people are like, "Oh my
[2:31] gosh, please run the money printer and
[2:33] bail us out." I actually think he's not
[2:35] going to run the money printer, which
[2:37] does create a real risk factor for how
[2:40] quick of a V-shaped recovery we recovery
[2:43] we would have, such as that bottom that
[2:45] we saw uh in uh you know, September to
[2:48] March of 2002 to 2003, the V-shaped
[2:52] recovery we saw in February of 2009, the
[2:54] V-shaped recovery that we saw uh in
[2:56] really January of 2019 after the
[2:58] December bond market crisis and the Fed
[3:00] pivot then. Uh and then of course the
[3:02] March COVID Fed pivot. You could even
[3:04] throw in sort of the banking crisis,
[3:06] massive, you know, rapid bailout if you
[3:09] will or guarantee of bailout. Uh all of
[3:11] those things have been associated with
[3:13] prior Fed generations of we're going to
[3:15] run the money primer. I do not think
[3:17] Worsh is going to be that guy, which
[3:19] makes me concerned. But I also maintain
[3:21] that I think he's right. We are going
[3:23] into a disinflationary regime, maybe
[3:25] even a deflationary regime. Okay, that's
[3:27] worse. You probably already know that
[3:29] opinion about me. I just want to make it
[3:31] crystal clear that even though he came
[3:34] out hawkish, I still think he is a
[3:37] deflation dove. I don't think any of
[3:39] that has changed. The timing was just
[3:42] complicated. Here's why. Right after
[3:45] Wars comes out dovish, we end up getting
[3:48] the Japanese yen breaking through pretty
[3:51] bad technical levels which send the
[3:53] signal that intervention might be
[3:54] coming. when USD trades, you know, when
[3:57] you get one USD to one JPY that's
[3:59] sitting above 160 now, sort of rejecting
[4:02] off of 162, people fear that, oh no, the
[4:06] Bank of Japan is going to intervene. We
[4:08] may as well quickly pay off debt. Uh,
[4:11] you know, US hedge funds may as well
[4:13] quickly pay off debt. So, what do they
[4:14] do? They sell high-flying tech names in
[4:16] the United States because it is now
[4:18] cheaper to do so before that potential
[4:21] intervention. I didn't as clearly as I
[4:23] should have explained that in my video
[4:25] two days, two or three days ago. Uh
[4:28] there was this implication that you know
[4:30] somehow people are uh liquidating their
[4:33] Japanese yen debt positions because the
[4:37] yen is getting weaker which actually
[4:39] makes it cheaper to pay off that
[4:40] Japanese yen debt. This is true but that
[4:42] is the perfect opportunity people use to
[4:44] pay off their Japanese debt before a
[4:48] potential intervention risk. So I just
[4:49] wanted to clarify that. Ignoring the
[4:52] complexity of that for a moment, Kevin
[4:54] Worsh goes hawkish when Kevin thought
[4:55] doubbish. I still think long-term
[4:57] doubbish, but that's obviously bearish
[4:59] for tech stocks. The Japanese carry
[5:01] trade getting cheaper to pay off is
[5:04] bearish for tech stocks. Third thing, we
[5:07] all knew, and we talked about this ad
[5:10] nauseium, we knew that SpaceX was going
[5:12] to meme rally because they were only
[5:15] putting out 4.2% of the float. We knew
[5:16] that was going to happen. We knew it
[5:18] would peak out. The only problem is we
[5:20] don't know when. People ask me, Kevin,
[5:22] when should we buy puts on SpaceX? I'm
[5:24] like, it's really tough to know exactly.
[5:26] I think the beginning of July. I didn't
[5:29] buy any shorts or puts or whatever. It's
[5:31] just not my trading style. And
[5:33] unfortunately, it didn't peak out at the
[5:35] beginning of July. It peaked out after
[5:37] just three full trading days, which
[5:40] would be around June 16th when Jim
[5:41] Kramer really hyped it up. Okay, maybe
[5:44] that was our real warning sign. But
[5:46] anyway, that peak came a lot quicker
[5:49] than expected for SpaceX. And you know,
[5:52] maybe I need to get used to things just
[5:54] coming quicker than expected around
[5:55] here. But that is another bearish move
[6:00] for the tech sector because it
[6:02] contributed to uh the insiders open over
[6:06] at OpenAI saying, "Hey, we're going to
[6:07] delay our IPO till 2027." Three
[6:10] insiders, anonymous insiders, uh
[6:13] revealed that volatility because of
[6:14] SpaceX and tech stocks recently uh
[6:17] contributed to the decision to uh likely
[6:20] delay the open AI IPO. That's not
[6:22] official yet, but that's the
[6:23] expectation. Then number four, you know,
[6:25] that obviously number three is bearish
[6:27] uh uh attack, but number four, you had
[6:30] the SpaceX bond sale. The SpaceX bond
[6:32] sale sold with a way higher spread than
[6:35] it should have. 50 basis point premium
[6:37] over Intel is not good. That was the
[6:40] bond market going, you know, we don't we
[6:42] don't like this. We're gonna have to be
[6:44] compensated for this. And they were, you
[6:47] know, obviously bond holders have a
[6:48] priority over all equity holders, so
[6:50] they already have that in the event of a
[6:52] bankruptcy. Not that anybody actually
[6:53] thinks SpaceX is going to go bankrupt,
[6:55] but you know, there was a very clear
[6:56] desire for more protection uh from the
[6:59] bond market. Uh that was bearish tech.
[7:02] Then of course we had the premicron
[7:05] earnings sell-off, the postmicron
[7:08] rebound which did not cover the sell-off
[7:10] and now we have even more of a post
[7:12] micron earnings sell-off even though the
[7:14] earnings were fantastic.
[7:16] That is a sign of a lack of liquidity,
[7:19] right? So in other words, it's like we
[7:22] know Kevin Wars was going to be doubbish
[7:25] but he wasn't dovish quick enough.
[7:27] That caused the yen problems. We knew
[7:30] SpaceX was going to peak, but it peaked
[7:33] before the end of the month, earlier
[7:35] than expected. We knew that Micron was
[7:39] going to be really sensitive at the time
[7:41] of earnings, but instead of selling off
[7:43] on earnings, it sold off right before
[7:45] earnings and then the day after the day
[7:48] after earnings, two days after earnings.
[7:50] Right on top of that, which we also saw
[7:54] coming because we subscribed to the
[7:55] Alpha Wire, which is totally free. You
[7:57] could get on the Meet Kevin app. um
[7:59] Apple Android app store. We saw that
[8:01] Apple was rumored to raise prices uh on
[8:03] their devices by 16 to 20% and they did.
[8:06] Unfortunately, that dragged Apple down.
[8:09] So now you've got six bearish items that
[8:12] occur inside of the tech stack. And
[8:15] where are people flocking? That's what
[8:18] we're going to talk about next. But all
[8:19] of this is a downweight to bullish end
[8:22] of the month targets for the NASDAQ 100
[8:25] because technology stocks are basically
[8:27] getting hammered especially hardware
[8:29] exposed relative to where expectations
[8:32] have been and this is unfortunate. It it
[8:35] it means that in the short term we had
[8:38] noopsy dupsy and I apologize for that.
[8:41] Can't be perfect all the time. I know I
[8:43] know people regularly they say Kevin how
[8:45] how are are you hitting all these
[8:46] targets on the alpha report or you know
[8:48] whatever and it's like well we don't
[8:50] always uh and this is unfortunately uh I
[8:54] mean one of the first ones that I could
[8:55] think of in a while off the top of my
[8:57] mind here where uh you know we we're
[8:59] just not going to hit our QQQ price
[9:01] target for the end of the month. Uh, and
[9:03] I'm disappointed by that. And I'm not
[9:05] trying to make excuses because I still
[9:07] think that I'm correct on Warf. I'm
[9:12] correct on SpaceX. I still think I'm
[9:16] correct about that. The Harbor Cycle
[9:19] still has legs. AVG go, you know,
[9:20] Broadcom and Micronics are so freaking
[9:22] good. We've still got legs on that
[9:25] movement. But unfortunately, when you
[9:27] combine all these things together, it
[9:29] means we could be right about the long
[9:31] term, but wrong about the timing in the
[9:33] near term. And I think it's worth being
[9:35] transparent about that. Uh, of course,
[9:37] then you can add in number seven, that
[9:38] Kevin is still somehow on vacation. I'll
[9:40] be back on Sunday, so maybe that's the
[9:42] true catalyst. That said, let's get into
[9:45] where markets are actually going right
[9:47] now, and that is to some extent cyber
[9:50] security, but also software. Now, I want
[9:53] to caution some of this. Excuse me
[9:56] because we have seen this game before.
[9:59] So I really want to be careful here. Uh
[10:02] first of all I want to look at what some
[10:04] software movers have done today. We had
[10:06] Axon stock up 4 and a.5% great into it
[10:09] up almost 5%. Palunteer which has been
[10:11] plummeting close to my $89 price target
[10:14] or trending in that direction was up 5%
[10:16] today. Cloudflare up 46. Crowd Strike up
[10:19] three. Meta up 13. and Microsoft up
[10:23] almost 6%.
[10:25] Uh, in my opinion, and that's a $2.7
[10:27] trillion company. In my opinion, some of
[10:30] what's going on here is a short squeeze.
[10:32] I think a lot of stocks like Microsoft
[10:34] and Meta, uh, into it, Axon have been
[10:37] shorted and, uh, as a result, we get
[10:40] these these sort of relief days where
[10:42] the shorts take profits, they have to
[10:43] cover, they have to buy the stock. Those
[10:45] are not necessarily lasting moves. I
[10:48] can't call a software bottom yet. I
[10:50] still maintain that a software bottom
[10:52] will come in the third or fourth
[10:53] quarter, but I don't know exactly where.
[10:54] And I do think there are opportunities
[10:56] to buy software, which even though I
[10:57] haven't bought Palanteer yet, I am
[11:00] tempted to because it's getting cheap. I
[11:02] want to be clear, I'm not tempted to buy
[11:04] Bitcoin. I don't own Bitcoin. I don't
[11:06] own Ethereum. I don't own crypto. I
[11:08] think outside of like a maybe like a,
[11:11] you know, short week basis of like a
[11:14] week, a few weeks of a trade, I've never
[11:17] held crypto. Uh, and so I'm not
[11:20] advocating for that and I'm not trying
[11:21] to argue that, oh, crypto's bad, stay
[11:23] away. I'm just saying that's not what I
[11:25] think is the next play. I really think
[11:26] software is the next play. I just don't
[11:28] know when. So, I'm just being very
[11:30] transparent about that. You know, some
[11:31] knucklehead left a comment yesterday
[11:33] like, Cad, you're complaining about the
[11:36] market only down 4% off alltime highs.
[11:40] But the whole point of these videos is
[11:42] to help you pick up on directional
[11:44] trends that are occurring so you could
[11:46] see these things happen before they
[11:48] happen. You know, for example, when we
[11:50] turned bullish around April 4th, and I
[11:53] think this is really worth mentioning,
[11:55] we turned bullish around April 4th, the
[11:58] NASDAQ 100 was trading for around $590
[12:02] a share, you know, via QQQ. Uh, and now
[12:06] we're at 76.
[12:09] So yeah, we missed the upside price
[12:11] target, but we've had so much upside
[12:12] between then and now. And we've been
[12:15] right about the direction, but we've had
[12:16] a lot of doubters. Now people, you know,
[12:18] those same sort of people, but Kevin,
[12:21] why didn't you tell us to buy then? I
[12:23] did. And they're all documented videos,
[12:25] right? That's the beauty about this
[12:27] channel is is we're going to be
[12:29] transparent about the wins. Also, the
[12:31] L's. So the next phase that I see is not
[12:35] software right now. Even though IGV is
[12:38] moving, I'm going to tell you why I
[12:40] think IGV is moving. IGV is the uh
[12:43] EyesShares expanded software tech ETF.
[12:47] Uh it's been doing decently. It actually
[12:49] went up 4% today. So you look at IGV, it
[12:52] was up 4% today and the NASDAQ was down
[12:54] 1.38%.
[12:56] That's a that's a 5% spread between the
[12:58] two, which suggests that hardware is
[13:01] being sold and software is being bought.
[13:04] But that's too simplistic. You know,
[13:05] Nvidia is down another 1.6% which is a
[13:08] big deal for a big company like that.
[13:10] But it's too simplistic to say that. I
[13:12] think that Microsoft and Meta in it
[13:13] Axon, I think there was a little bit of
[13:15] short covering going on in these. And
[13:16] what's really actually driving IGV up
[13:19] lately are companies like Palo Alto
[13:22] Networks, cyber security plays. PanW has
[13:26] recently exploded in price. You know, I
[13:29] I uh I wish their growth was a little
[13:31] bit stronger. Uh, and even though their
[13:33] growth is good, I wish it was a little
[13:34] bit stronger. You know, just about a
[13:36] month ago, they were trading for around
[13:38] 130, 140, 150 bucks. Uh, and their stock
[13:41] price growth has been phenomenal. But
[13:42] I'll tell you where I see some of the
[13:44] skeletons in the closet. Stock price
[13:45] growth has doubled uh in that time
[13:48] frame. Cyber security stocks have done
[13:50] exceptionally well and they started out
[13:52] expensive and now they're even more
[13:54] expensive. Okay, so here's the problem.
[13:56] Let's zoom into a company like Palo
[13:58] Alto. Now, you're just going to have to
[14:00] rely on me talking about this verbally.
[14:01] This will be posted in the stock tab of
[14:03] the Mean Kevin app for all those of you
[14:05] who are members. So, you'll be able to
[14:06] actually see the analysis. You can also
[14:08] use our uh new stock tools uh and do the
[14:11] analysis yourself. That's all obviously
[14:13] included in your membership when you
[14:14] join over at meetke.com. We do have a
[14:16] price increase on the 30th, which is on
[14:20] Monday uh last day of the month. And
[14:22] that's also when we're coming out with
[14:23] our valuation reinvest product over at
[14:25] reinvest.co or houseock.com. That uh
[14:28] valuation feature is coming out on
[14:30] schedule. But let's look at PANW for a
[14:33] moment. So if I go to the cash flow
[14:34] statement on PANW over the last nine
[14:36] months, I actually have net income, but
[14:39] I have declining net income, which I
[14:40] find very interesting. The company has
[14:43] seen its net income decline by 33% over
[14:47] the last 9 months. A little odd. At the
[14:50] same time, their net income has gone
[14:51] down by, you know, that 30-ish percent.
[14:54] We've seen stock compensation rise by
[14:56] 39%. So, my assumption is they're paying
[14:59] more for AI talent while at the same
[15:01] time the company's net income is going
[15:03] down, suggesting their pricing power may
[15:05] not actually be as big as people think.
[15:08] Now, in fairness, their operating cash
[15:11] flow is great. It's up about 18.5% and
[15:14] they spend very little on capex. That's
[15:16] very different from a company like
[15:18] Microsoft or Meta, which are companies
[15:20] that are blowing money on capex. So is
[15:22] Google, you know, Alphabet. And as a
[15:25] result, they are actually able to
[15:26] repurchase stock. Something that, for
[15:28] example, Meta and Google have not been
[15:30] doing recently. Repurchasing stock.
[15:32] They've repurchased about a billion
[15:33] dollars of stock in the last nine
[15:34] months. Uh they have uh you know, in my
[15:38] opinion, they've recently gone through
[15:40] this transition of oh AI is a threat to
[15:42] AI as an opportunity. I think that's
[15:44] going to happen to software as well. And
[15:46] then we'll see those same or similar
[15:47] moves in some software stocks. I don't
[15:51] really personally like IGV because I
[15:53] don't like a lot of their holdings. You
[15:55] know, for example, they hold Adobe and
[15:57] they hold Service Now. Now, I apologize
[16:00] to or even Salesforce. Now, I apologize
[16:02] to people who own those three stocks,
[16:04] Salesforce, Service Now, and Adobe, but
[16:06] I think those are three of the most AI
[16:08] replaceable stocks, whereas companies
[16:11] that utilize government data like Axon
[16:13] or business data like in it are some of
[16:15] the least replaceable stocks. Yes, it is
[16:18] true that at into it some of their usage
[16:20] is declining because the free tiers as
[16:23] some would say the brokies that's not
[16:25] meant to be offensive that's what some
[16:26] analysts actually say they are not using
[16:29] the product because they could use other
[16:30] free services or AI or whatever but
[16:32] people with more complicated uh uh you
[16:35] know businesses are actually spending
[16:36] more money on the AI enhanced features
[16:39] at into it and you're seeing a similar
[16:40] thing over at Axon with more revenue
[16:43] coming in due to uh their AI enhanced
[16:46] platform I mean People don't even talk
[16:48] about Done and how valuable that's going
[16:50] to be for uh policing. Uh people don't
[16:52] even talk about how their artificial
[16:54] intelligence dispatching software, which
[16:56] is a company they acquired and now
[16:57] they're integrating even more AI into
[16:59] it, uh is is a moat that just doesn't
[17:01] exist anywhere else in my opinion. But
[17:04] anyway, so so I like Axon and into it
[17:07] and they do have exposure to it, but I
[17:09] personally think that Adobe and Service
[17:11] Now and Salesforce are more replaceable
[17:14] AI. I also don't like Oracle spending. I
[17:16] think they spend like drunken sailors.
[17:18] These are all high holdings. These are
[17:20] all within the top 20 holdings of IGV.
[17:22] So, I don't actually like IGV because of
[17:25] that. I'd rather pick the names that I
[17:27] like. Like right now, I do like their
[17:29] second largest holding, Microsoft. I'm
[17:30] getting close to liking Palanteer, their
[17:32] third largest holding. I am liking
[17:34] Apploving, which is about their seventh
[17:36] largest holding. Uh I also like in it,
[17:39] which is about their 14th largest
[17:41] holding, and so on and so forth. Right?
[17:43] So I don't like the whole IGV ticker. I
[17:46] like components of it. Now as far as
[17:49] their biggest holding PaloAlto Network,
[17:51] it's the cyber security momentum at a
[17:54] high valuation that I expect will
[17:56] translate to software survivors over
[17:58] time. The issue that I have with
[18:01] PaloAlto Networks though is not their
[18:03] balance sheet. Balance sheet is great.
[18:04] I've got about 5.2 billion in cash and
[18:06] cash receivables. I've got about two
[18:08] billion in current liabilities. So no
[18:09] liquidity issues over the next year. And
[18:11] even if I include the long-term debt, we
[18:13] really don't have liquidity issues.
[18:14] Long-term debt is uh sitting at around
[18:16] 1.9 plus 1.2 in convertibles, the
[18:18] converts are going to convert because
[18:20] the stock is going up and the long-term
[18:22] debt is more than offset by the cash
[18:23] that they have available even after
[18:24] current liabilities. So, balance sheet
[18:26] fine. What about the revenue statement?
[18:29] Well, this is where things actually get
[18:30] a little interesting. So, their total
[18:31] revenue went up 31.1%.
[18:34] But their total gross profit only went
[18:37] up about 21.4%.
[18:40] So pricing power is shrinking, which is
[18:43] odd. Why is their gross profit
[18:45] declining? Well, I mean, I shouldn't say
[18:47] declining, but only growing at 21% when
[18:49] their top line is growing at 31%.
[18:52] At the same time, their sales and
[18:54] marketing is up 46%.
[18:57] So, your top line is up 31%, but your
[18:59] sales and marketing is up 46%. So, are
[19:02] you having to spend more on sales and
[19:04] marketing to get more customers? pricing
[19:07] power is, you know, also shrinking. So,
[19:10] that's sort of a hm their SGNA doubled.
[19:13] In fairness, some of that could be
[19:15] because of recent acquisitions. Uh they
[19:17] have recently made a few uh
[19:18] acquisitions. Uh they acquired
[19:20] Chronosphere and Cyber Arc. Uh and uh
[19:24] they had revenue of 388 million and 391
[19:27] million uh for for for those companies
[19:30] combined. Um those companies also posted
[19:33] an operating loss of 523 and 524 million
[19:37] for the 3 and 9 months ended 20 uh April
[19:39] 30th 2026. That's sort of the combined
[19:42] uh in revenue and loss of both of those.
[19:44] So they acquired some money losing
[19:45] businesses. That could be part of why
[19:48] their margins are compressing. But it's
[19:50] also possible that cyber security stocks
[19:52] are a very competitive bunch. Cloudflare
[19:56] is losing money and yet their revenues
[19:58] are exploding and Crowd Strike is barely
[20:03] making any money which is weird. Like
[20:06] how do these companies that have been
[20:07] around for so long barely make money?
[20:10] And that's the biggest issue I have with
[20:12] these cyber security plays which makes
[20:14] their price to earnings growth multiples
[20:15] look very high because their EPS is very
[20:18] low. That makes me frustrated by cyber
[20:21] because I actually agree that cyber is a
[20:24] great beneficiary of artificial
[20:26] intelligence. Huge beneficiary, just not
[20:29] at the price. I like it. I'm very uh
[20:32] picky. Like I want Palanteer at 89 bucks
[20:35] and I'm going to wait until I get my
[20:36] Palanteer at 89 bucks. Now, if this
[20:38] proves to be a software bottom and
[20:40] Palanteer skyrockets from here, well, I
[20:42] guess I missed my opportunity. But I
[20:44] think this recent software push we've
[20:45] seen is the same that we've seen about
[20:47] four weeks ago and a couple weeks even
[20:49] before that where you get like one or
[20:51] two updates on stocks like Microsoft and
[20:52] then they go down even more. This is why
[20:55] the allocation that we're throwing into
[20:57] stocks while we're allocating stocks is
[20:59] relatively low to cash or other assets
[21:03] because some valuations are, you know,
[21:05] some stocks are still falling knives and
[21:07] you're going to be able to get them
[21:08] cheaper. Other stocks just have
[21:09] ridiculous valuations.
[21:12] This is all combined with the fact that
[21:14] I was still overall and economically
[21:16] bullish on Train America. So, this is a
[21:20] lot of information to ingest and I
[21:23] personally think and maybe I'm wrong
[21:24] about this. Maybe leave me a comment.
[21:25] Although I don't think if I'm wrong
[21:27] about this, the the people who would
[21:28] tell me I'm wrong about this are
[21:29] actually watching this. But, you know,
[21:31] for the 10 of you watching to the end,
[21:33] first of all, I really appreciate you. I
[21:35] I my goal is to provide perspective and
[21:37] and a lot of perspective on what's
[21:40] actually happening out there. And my
[21:41] goal is that hopefully you're like, "Ah,
[21:43] I didn't think about that confluence of
[21:46] Apple, SpaceX, Bon, SpaceX, the Japanese
[21:48] yen, Kevin Worsh, and Micron all
[21:50] happening at the same time, tanking the
[21:51] cues down, screwing up timing as quickly
[21:55] as it did." Oh, I didn't think about how
[21:57] cyber security looks expensive because
[21:59] they barely make freaking money and they
[22:01] might be a competitive, really
[22:03] competitive business because any Joe
[22:04] Blow can go start a cyber security
[22:06] startup. I mean, okay, I'm not trying to
[22:08] be facitious to these companies, but
[22:10] there are a lot of cyber security
[22:11] companies out there, okay? Like, you
[22:13] look up, hey, I need a Pinterest done
[22:14] for House Hack, let's say. Dude, there
[22:17] are like 50 companies I can call and and
[22:19] you know, we've talked to a lot of them.
[22:20] We're like, man, how do you all even
[22:22] differentiate yourselves? Geez. Um, kind
[22:26] of wild. Uh, but anyway, so so putting
[22:28] all of that together, my goal is to
[22:29] provide unique insights based on what
[22:31] we're seeing as business operators, uh,
[22:34] but also as financial analysts. what I'm
[22:37] seeing on actual documents. Uh and then
[22:39] of course just being transparent where
[22:40] where uh things are going well and
[22:43] correct and where things are wrong. Uh
[22:45] and so hopefully that transparency is
[22:47] useful to you. If you want more of that
[22:49] sort of analysis or transparency, come
[22:51] join us. Go to mekevin.com, pay once.
[22:53] You get lifetime access to uh the all
[22:56] the courses on building your wealth, the
[22:58] alpha report, the course member live
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[23:01] included in your in your lifetime
[23:03] membership and we want to keep providing
[23:05] more value uh for those members. So
[23:06] consider joining. Thank you so very much
[23:08] for being here and uh with that folks, I
[23:10] will see you in the next video. Oh, look
[23:12] at that. I could zoom in and out. Whoa.
[23:15] Like and subscribe.