[00:03] go. Here we go. Back [clears throat] to good old Trump taco trades. Uh, so obviously a lot of folks a little shaken by good old Donny T. Donny T
[00:17] coming back with something more for us to hear some taco trading on. And uh the cues did just uh almost perfectly perfectly reject uh 627. really feels like we're going like lineto line here. It seems to be the the common the common
[00:34] trend, if you will, uh with uh with the Q's lately, just like stuck on the Q's lately, just like stuck on the NASDAQ 100 right below the good old 617 and the 627 line. I don't know what it is, but the lines, [clears throat]
[00:50] you have to trust the lines. It's always the lines. So, anyway, uh take a look at this. You've got uh you know some enthusiasm as we sort of you know people have this expectation of taco enthusiasm brings us to 627 question now is is it
[01:06] going to hold JP Morgan was down 2% in pre-market then got down to only about pre-market then got down to only about 1% now it's back down to 2%. problem is markets have to decide, hey, what's going to happen in 2026? And so far, JP
[01:19] bank earnings this week, but JP Morgan's one of those banks that says, hey, maybe we don't actually need rate cuts in 2026. Maybe everything's so fine, we're We're actually going to end up getting rate cuts or sorry, rate hikes in 2027,
[01:36] which we find this very interesting. Uh so let's go take a look at uh what uh so let's go take a look at uh what uh what is newsy uh in the world. And uh I will say uh shout out to all of those of you still funding on uh the um uh the
[01:52] house hack uh private investment. Uh this morning we got uh some more deposits. What do we got here? 25k 60k that's about 80k. That's 268.5.
[02:04] That's 303.5. That's 74,000. So all that together is pretty big chunk of change. But uh that does indicate that a lot of you who are applications approved from when you signed up on December 31st are still in
[02:21] the process of funding. Uh that puts us at a total now of uh for the month of I'm still calling it December because it's all you know still from them. That puts us at 12 million that y'all have raised uh for House Hack AI, which is uh
[02:38] the same company, which is pretty remarkable. Uh so that uh that puts House Hack, I think, in a pretty good spot that uh Oh, wow. Yeah, that was um that was a good bump. So, House Hack 1, two, three. That puts House hack over 20
[02:54] and a half of liquid just to take advantage of whatever opportunities end up coming uh in uh L market. So that'll be entertaining. But anyway, uh okay, let's get that out of the way and let's
[03:07] let's get that out of the way and let's focus on what the heck is going out in the world. So we'll start with the doomers. The good old doom and gloomers strategy is buying its largest purchase since July. Good old Michael Sailor
[03:20] always seems to come up with uh with the dollar list to be able to go buy some Bitcoin. Hey, over 90,000 again though. another chance to buy under 90K so I could send another one of those tweets?
[03:32] Last chance. Last chance to buy under 90K. You know, nobody really likes Bill PE, so I think this actually increases taco as a potential right here. Big fan of this. big fan of uh uh you know people
[03:47] you know hopefully people thinking that uh this guy's just taco man and uh they move out of the way you know get this guy out of here um you know Trump when
[03:59] usually get a little bit more nervous but I'm glad to hear that uh it was Bill Pe's idea to subpoena the Fed so he could go on his little fishing expedition still kind of lame but whatever
[04:13] All right, bank earnings start really tomorrow. So, that's going to be fun. Proxy fight over at Warner Brothers for Netflix. Um or or uh between Paramount and Netflix for Warner Brothers. Let's go take a look at how is um because
[04:27] Netflix has just, you know, lost like all semblances of support, right? Uh you all semblances of support, right? Uh you jump in over here. It is really slipped. But, uh you know, it's a fantastic stock. uh they make a lot of money and
[04:40] um this is uh this is sort of an incredible retracement here but having incredible retracement here but having lost now 90 is it fantastic uh for lost now 90 is it fantastic uh for short-term uh trade enthusiasm on
[04:53] Netflix. Okay, let's see here. Uh let's go see if the journal has any juice from the editorial board about this grand jury indictment. I bet they will. Well, it's certainly front page news. We
[05:09] know that. But I want to see if they wrote anything. Wow. Not yet. I'm actually surprised. Usually they write something. The dead of Saks Fifth Avenue. Yeah. Let's see here. Okay. Fed chair probes.
[05:25] We saw this. We talked about this. Trump investigation is a warning to the next Fed chair. Yeah, that doesn't surprise me actually. this uh this like surprise me actually. this uh this like hey you know I'm I'm the captain now uh
[05:40] So it's likely either going to be Worsh or Hasset. I think it'll probably like it should be Waller economically it should be Waller but it just wouldn't surprise me if Trump just chooses the
[05:52] wet blanket instead. So I'll end up going with Kevin Hasset. Apparently Trump has already decided. We're just waiting for uh that to actually show up. uh rent concessions in the sunb belt.
[06:06] uh rent concessions in the sunb belt. Well, yeah, overbuilt cities, man. The I at real estate. We're doing a bunch of house hack work this weekend and uh like ah you know the problem with uh seeing a
[06:20] lot of construction is uh kind of bubble things up a little bit, huh? All right, let me see here. If I go to uh what do we have for economic data this week? Let's take a peek. Oh, that's right. We have CPI coming out tomorrow. Yeah,
[06:33] that's I mean nobody really cares right now about CPI. It's more about jobs and PPI Wednesday, import prices Thursday, and then Friday we get industrial production. Okay, I mean this is pretty uh pretty boring.
[06:50] Okay, what do we have here? Struggle to find affordable apartments uh is tormenting renters in major cities but not in Phoenix, the US capital of free rent. What the hell does that mean? About 54% of rentals in the metro area
[07:06] are giving tenants at least one month off of their rent. Wow. Highest percentage anywhere else in the country according to October's data. Uh this discount can range from 1 month to more than 3 months. And it doesn't
[07:22] count other perks landlords give to attract tenants. Amazon gift cards, discounted sports tickets, free moving trucks. Wow, these people are begging trucks. Wow, these people are begging for tenants. That's crazy.
[07:38] Phoenix is a symptom of the city's enormous glut of high-end apartments. Yeah, it build like crazy. Developers flooded the Sunb Belt with new luxury buildings and flashy amenities during the pandemic years when droves of remote
[07:52] workers were moving in. Yeah, but that trend slowed. hitting the market. Now there aren't enough renters to fill, right? Because there's a lag. You know, everybody moves over there in 2020, 2021. People are
[08:05] buildings don't actually hit the market until 2023. So, it takes 2 years to build it. Wow, that's very interesting.
[08:17] Yeah, Phoenix Rice is getting hit the the hardest. the hardest. Two months of free rent. Wow.
[08:30] you could potentially live. Landlords are definitely trying to sell are definitely trying to sell uh to sell you.
[08:45] mostly at the upper end. By the end of 2025, rents have fallen 4% annually in Phoenix, whereas they've fallen 1.3% nationwide. That's disinflationary. That's actually interesting because, you know, housing
[09:00] interesting because, you know, housing CPI is still positive, right? CPI, let's go see here. let's go see here. uh CPI
[09:18] uh let's see here I want the components table I want the components table CPI change right but they didn't give us anything in the last one this was a joke
[09:34] owner's equivalent rent of residences okay here we go they listed it at This one, this one, this one, month over month 0.1, right? So, it's still
[09:46] month 0.1, right? So, it's still positive, right? I'm write that down. positive, right? I'm write that down. So,
[10:01] let's show that chart. Yeah, that's actually great on the disinflationary actually great on the disinflationary thesis. Okay. So,
[10:31] declining. What's the time frame on this? 1.3% as of December, year-over-year. 1.3% as of December,
[10:44] uh, year-over-year. But in overbuild markets like Phoenix, rents are declining, uh, we have uh, we have 4%.
[11:02] Um, not uncommon. not uncommon. Um people flooded uh Um people flooded uh Phoenix, Vegas, Texas, Florida after
[11:15] Phoenix, Vegas, Texas, Florida after COVID in 2022 and 2021. Builders [snorts] uh took until 2022 to 2024 to build. Uh uh took until 2022 to 2024 to build. Uh now we need to find a new equilibrium
[11:31] now we need to find a new equilibrium which likely means uh lower rents uh still to come in those markets. Now what does that mean for the economy? Right? That's actually really good for the economy. Uh this is really
[11:45] good for the economy. Uh this is really positive for the economy because CPI still indicates positive uh owners equivalent rent. This suggests uh the lag
[12:01] equivent I guess, huh? Isn't there's an E in here. Owners. Oh, it's an A. Equiva. Oh, there's the E. That's what I messed up. Okay. Owners.
[12:13] Here we go. Owner's equivalent. Right. This suggests uh disinflation is still alive and well. All right. That's great. That's actually bullish. That's actually bullish. I like that.
[12:31] Okay, let's link that. There we go. That's great. Discount applies to two or three bedroom rental. Blah blah blah. Concessions are rare for lower income renters and older buildings. Landlords are more likely to
[12:46] offer concessions for new buildings because they're leasing for the first time. Most new properties are luxury made for the pandemic era boom of wealthier renters moving from cities like San Francisco.
[13:00] Too much supply. Lower income renters have fewer options. Landlords have more pricing power on their rentals for lower income. Oh, that's very interesting.
[13:12] interesting. Uh and specifically I won't specify that Uh and specifically I won't specify that specifies it's um the higherend sort of specifies it's um the higherend sort of uh remote uh tech worker uh that's
[13:27] getting hit the hardest. Okay. Uh let's see here. Let's see what people say about that.
[13:52] actually socialists and their argument is that you have a god-given right to affordable housing where you want to live. The fact that you can move to Phoenix and live an affordable house uh
[14:04] life does not fit with their argument. Right. Right. Right. So, so this this right here, I mean, they're right on first of all. Um,
[14:18] Um, but there's a concept about this. So, um, let's put that in here.
[14:43] Uh the downside people argue of getting squeezed out is they lose their connections to family,
[14:57] friends. Um however, so socially people get pissed about that. Socially, uh socially people hate just move,
[15:10] >> [snorts] >> economically >> economically or I should say uh in a capitalist market. That's exactly how it works though.
[15:25] exactly how it works though. You know, if you live in Newport Beach, you really shouldn't be able to uh well, in in capital is uh if you live in Newport Beach, California
[15:40] Beach, California under capitalism, you can't will into existence uh affordable uh affordable housing. you know, it's a gorgeous area
[15:53] uh with massive demand. So, capitalism demand. So, capitalism will always uh increase the price uh and therefore squeeze out those who can't pay those prices, right? So, in other
[16:09] words, there's plenty of affordable housing uh of affordable housing, just not necessarily where you want it.
[16:21] You know, some of that is because you can't build more in some of these areas, right? I mean, frankly, if Newport wanted to build more, they couldn't. Even if Newport wanted uh to build more, they're out of room.
[16:37] Like unless you go vertical, right? Uh you could go vertical. you could go vertical. I I'm a fan of vertical, but uh a lot of people aren't because of traffic. Problem that comes with
[16:51] vertical, right? It's traffic. right? It's traffic. Uh and people hate that, right? Nobody wants to drive in Manhattan. It's kind of interesting.
[17:07] Manhattan. It's kind of interesting. Very very interesting. Okay. What else?
[17:20] somebody says, "So, you're saying capitalism is anti-family?" No, I'm saying capitalism doesn't care about your family. Capitalism cares about supply and demand. That's how it works. Capitalism doesn't
[17:33] care about your feelings. cares about supply and demand. oh, is this political influence pedaling? Probably like the Laurel
[17:45] pedaling? Probably like the Laurel Loomers kind of stuff. No way. Look at this. No way. Look at this. This Alex Bruisy Witz guy or whatever
[18:01] reclassify marijuana as less dangerous. Nearly 70% of Republican voters support Trump on this no-brainer, he said to his 640,000 followers on X. A political marijuana's biggest players just paid
[18:16] him $300,000. Holy Christ. Wow. That's Yeah. I should be should be That's Yeah. I should be should be disclosed, right? [snorts]
[18:33] rules. Wow. Israel made plans over the past year to spend more than $900,000 on an influencer campaign within the United influencer campaign within the United States to fight negative sentiment on
[18:46] the right. BB just met with conservative social media stars on at least two of his visits. Wow.
[19:17] Sponsor trips to Doha for several proTrump social media personalities. proTrump social media personalities. VIP Formula 1 tickets.
[19:31] It's all rigged. Nice. All right. What else here? government regulation just makes it worse. I think that's the point you're missing, right? Like the government comes in and just constrains supply even
[19:45] more. If the free market was able to build, then you wouldn't have a supply issue. Now, government regulation stops you because people are like, "Well, I don't want so much traffic." Okay? Well, then
[20:00] you don't get affordable housing. It's how it works. All right. Let's see here. What else?
[20:22] Uh, let's see here. 10% credit rule. I 10% credit card limit is very interesting because I mean this puts you in the place of like home equity lines of credit, you know, these days 10% cap
[20:38] temporary. The other problem is you can saddle yourself up with debt and then that resets higher. It's going to suck. it wanted to be he wanted to begin it on Jan 20th.
[21:23] billion dollars a year. Wow. That could translate to meaningful savings on an individual level. That's remarkable.
[21:38] Not clear if it would apply to new or existing, but close to 90% of consumers could lose access to credit
[21:50] either through closures or reduced credit lines. Wow. now pay later. That's interesting.
[22:06] That's interesting. I mean, that all makes sense.
[22:20] Let's see here. Let's jot that down. Uh, Wall Street Journal. Oops. going on? There we go.
[22:33] All right. So on credit card interest, so they're on credit card interest, so they're suggesting a 100 billion per year could be saved in consumer interest, more savings, principal payown, more
[22:49] savings, principal payown, more potential spending, right? That's cool. potential spending, right? That's cool. Uh downside is what did they say about 90% decline? Credit availability
[23:05] Credit availability might decline 90%. Netflix? I don't know. I mean it's already very cheap. um you know but just
[23:21] because there's a desire to buy more doesn't mean technically the market cares right it's a big company so it moves very it moves like a cruise ship instead of a little speedboat
[23:34] credit available might decline 90% right which this would have an offsetting effect offsetting effect to um offsetting effect to um uh desire to spend more while saving,
[23:49] right? You don't have credit availability. It's not going to work.
[24:05] So, times. Let's see what the time says. Oh, let's actually jump to the info. launch. We saw that. And how are the sticks doing right now? Still balding
[24:19] around 627. Not bad. And then uh how are the homies? The hardware homies, Netflix, Netflix, uh Nvidia,
[24:34] AMD, Coreweave, 207 on AMD. Wow, look at that lineto line move on Coreweave today. Holy smokes. Cuz they bounced off 68.
[24:46] Now they're up at almost 90 again. That's pretty impressive. Lineto line 79 That's pretty impressive. Lineto line 79 to 90. Very impressive. to 90. Very impressive. All right.
[25:12] powered dash cams allowing trucking companies to monitor drivers. and send alerts. But they have 400 Pakistanis vetting the AI results. Nice.
[25:49] They want to pitch for IPO and AI market, but they're they're basically a market, but they're they're basically a human in the loop. Yeah.
[26:05] selfch checkckout of the Amazon with what was it like 3,000 Indians or what was it like 3,000 Indians or whatever.
[26:27] in battle with Coinbase. Which one's that? Let's take a look Like, just the products that they've been offering been fantastic. S O N. Dude, I don't even know what that
[26:40] is. I can't give you thoughts on sou end if I don't even know what it is. Sound hound AI. Yeah, I don't know anything about this $5 billion company.
[27:12] What is this puppy? So sound they lose cash flow. So their cash flow is negative something because of acquisition liabilities. Okay. Because they had net income. So I don't know what's going on
[27:25] there. Are they raising money through debt or what? They're selling shares. The revenues gone up quite a bit, but so have their cost of revenues. total
[27:40] have their cost of revenues. total operating expenses are massive. Uh partly because of this, but even with this, we'd still be losing money. this, we'd still be losing money. All right, so they're losing money.
[27:53] All right, so they're losing money. Not a lot of debt. stage company, huh? I don't know much about them, but anyway, where were we?
[28:12] performance. Oh, yeah. Robin Hood's been crushing coin. crushing coin. Okay,
[28:32] Cool. All right. Oh, look at this. Why Rivian is a better bet than Tesla right Rivian is a better bet than Tesla right now.
[28:47] Could rescue Rivian stock. Well, I don't know that people really care to invest in a car manufacturer. I think what they like about Tesla is this, you know, robotics future and the hope of robo taxis, which is mostly just a hope right
[29:00] taxis, which is mostly just a hope right now. what do we got? I bet the economist is going to be pissed about this Powell
[29:15] going to be pissed about this Powell thing.
[29:33] knowledge of the probe, telling NBC News, "I don't know anything about it. and he's not very good at building buildings. buildings. This is just ridiculous."
[29:51] All right, who here is Powell 2028? Let's run a poll. I'll be curious.
[30:05] an 11th position today, by the way, in the uh the alpha report, but I want to the uh the alpha report, but I want to run this poll. So, I have a list of 10 stocks that I'm buying for the next 10 years. And I got so and then I spent
[30:21] some more time doing some more research. But uh I was so enamored with what I saw that I had to make an initial position. I'm still going to keep doing more I'm still going to keep doing more research on it. Uh but uh but anyway,
[30:39] No. There we go. Okay, I'm starting the poll. So the poll is uh yes, Powell 2028 poll. So the poll is uh yes, Powell 2028 or no. Okay. Curious what what people vote.
[30:54] Okay. Let's then while that's cooking, let's Let's then while that's cooking, let's go see what else is fun out there.
[31:06] this morning. Okie dokie. I mean, that's the biggest news right now. Every that's all they're talking about like on CNBC. I don't think I've seen any other by line other than this Powell thing. [snorts]
[31:23] okay. No, the the the 11th position is not Lone Depot. Uh, Powell, just join meet Kevin.com. You all should be there. I mean, if you're here watching me, why why not why
[31:38] not get the extra hour in the morning where we do this amazing fundamental analysis every single day and then, you know, we put it all in the stocks tab so you can see all the research over time. Plus, you get all the courses on asset
[31:51] protection, tax strategies. You could even probably write off the courses, you know. I mean, you pay once, you get lifetime access to all of it. you know, we've simplified the pricing so much because you just get everything, you
[32:03] know, obviously separate from the house hack AI, but I mean that's a whole separate thing. But anyway, uh, okay. So, where was I? Oh, yeah. I was going So, where was I? Oh, yeah. I was going to look at the suits really quickly.
[32:26] this. All right. All right, let me see what the suits are saying. what the suits are saying. So, the suits.
[32:44] concession risks after Fed credibility law. Yeah, that's true. That is true. law. Yeah, that's true. That is true. The 10 year will probably keep going up. Supreme Court kills terrace? Well, they're actually my top 11 stocks
[32:59] they're actually my top 11 stocks because I think tariffs will go away no matter what. Whether the Supreme Court kills them or another president takes over, the tariffs will go over time. Somebody says, "Kevin, are you getting
[33:11] I'm not a billionaire and a 5% billionaire tax hasn't been um hasn't been passed. Uh however there is a rumor of that in California which is quite problematic because you know they base it on voting control not on actual
[33:27] equity ownership. So you could literally bank uh bankrupt owners uh you know majority owners or like of founder startups. You could bankrupt them in California like if they passed the billionaire tax entrepreneurs would have
[33:41] billionaire tax entrepreneurs would have no choice but to leave California. Uh so you'd get it you would literally force everybody out. Um who who is like force everybody out. Um who who is like a founder entrepreneur, right?
[33:58] But I also don't think it's going to pass.
[34:25] No, the suits don't really have anything fun.
[34:47] Yeah, I ran claims that protest Paramount PTE I ran claims that protest Paramount PTE we saw this
[35:05] and Lily to jointly invest up to five or 1 billion over five years. AI lab. Oh, for drugs. Oh, that's cool. I'm a big fan of that.
[35:19] divided. Oh, let's see what the poll is. All right, I'm just going to end it. Okay, let's see here. Poll and poll. It is 5149.
[35:32] [laughter] It's almost 420 votes. 5149. It's almost 420 votes. 5149. Uh Powell wins by a hair. [laughter] Powell 2028. That's funny. That's actually very divided on Powell.
[35:46] That's surprising. I feel like he's honestly the only one so far that's had honestly the only one so far that's had the balls to sort of like tell Trump no. You know, everybody else just sort of rolls over in politics. You obviously
[35:58] other than like the Democrats, but they're on the polar opposite side. So, they're on the polar opposite side. So, by design, they have to be. So, good for Powell, honestly. All right. Wow. Pretty quiet.
[36:16] Oh, well. Uh, we have a lot of work to do with house hack today. A lot of work. do with house hack today. A lot of work. So, I'm going to go. All right, folks.