i f**k'd up

[00:01] All right, everyone. Me Kevin here.

[00:03] Look, I was wrong. I made a mistake on

[00:06] some recent bullish optimism, and I want

[00:08] to come clean about what was wrong and

[00:12] where we're going now, because the

[00:14] market's going into a very interesting

[00:15] direction. And I think it creates an

[00:17] opportunity for us. Uh but in order to

[00:19] actually understand what this

[00:21] opportunity might be, we should really

[00:22] just sit down together and have a

[00:24] conversation about what went wrong uh

[00:27] what went right and which of the thesis

[00:29] sort of still remain in play. Uh because

[00:31] there are a lot of them that actually

[00:33] remain in play. We just want to make

[00:34] sure we have the timing right. Uh and

[00:36] there's a new sector that's getting a

[00:38] lot of attention right now, but I

[00:39] actually think there's a warning to be

[00:42] had around that particular sector. And

[00:44] so we're going to go through some

[00:45] analysis. I'm going to give you my full

[00:47] opinion on all of this. Uh, but first,

[00:49] I'm I'm just going to be very straight

[00:51] with you and blunt with you about where

[00:53] I was wrong. I think the largest mistake

[00:55] that I made over the last week, week and

[00:58] a half here is I was too optimistic that

[01:00] Kevin Worsh was going to be a dove. He

[01:03] basically chose violence by choosing

[01:05] silence. He chose silence as a way to

[01:08] signal Federal Reserve independence and

[01:10] his commitment to the left side of the

[01:13] decimal point of inflation, which to me

[01:15] sounds long-term doubbish, but to

[01:17] markets sounded short-term hawkish. And

[01:20] of course, that's why markets reacted

[01:21] the way uh they did. Uh and this was

[01:24] also accelerated by some other issues in

[01:27] the marketplace that we should really

[01:28] discuss. Uh and I think when we put it

[01:31] all together, we can really understand

[01:33] why market leadership is moving. uh from

[01:36] where it had been really sexy, you know,

[01:38] Nvidia to some extent, uh AMD, even the

[01:41] memory chip stocks, which today are

[01:43] giving back even more of their gains,

[01:46] which means we're not back to levels we

[01:47] had before micron earnings, and now

[01:49] we're even lower uh than uh than than

[01:53] where we've been over the last, you

[01:54] know, post earnings rally, if you will.

[01:57] Uh so, let's understand this. The very

[02:00] first problem that we had was Kevin

[02:03] Walsh. There's no question about that. I

[02:06] want to be very clear. I'm not changing

[02:07] my opinion on Kevin Walsh. I think he's

[02:10] a guy that is going to drive interest

[02:12] rates to zero. The biggest concern I

[02:14] have with Kevin War is based on his

[02:16] history, he is not going to be a money

[02:19] printer kind of guy, which means when

[02:21] and if we have a uh, you know, dramatic

[02:24] recession or depression because AI

[02:26] hardware rolls over and everybody loses

[02:28] all their money because growth rates

[02:30] roll over and people are like, "Oh my

[02:31] gosh, please run the money printer and

[02:33] bail us out." I actually think he's not

[02:35] going to run the money printer, which

[02:37] does create a real risk factor for how

[02:40] quick of a V-shaped recovery we recovery

[02:43] we would have, such as that bottom that

[02:45] we saw uh in uh you know, September to

[02:48] March of 2002 to 2003, the V-shaped

[02:52] recovery we saw in February of 2009, the

[02:54] V-shaped recovery that we saw uh in

[02:56] really January of 2019 after the

[02:58] December bond market crisis and the Fed

[03:00] pivot then. Uh and then of course the

[03:02] March COVID Fed pivot. You could even

[03:04] throw in sort of the banking crisis,

[03:06] massive, you know, rapid bailout if you

[03:09] will or guarantee of bailout. Uh all of

[03:11] those things have been associated with

[03:13] prior Fed generations of we're going to

[03:15] run the money primer. I do not think

[03:17] Worsh is going to be that guy, which

[03:19] makes me concerned. But I also maintain

[03:21] that I think he's right. We are going

[03:23] into a disinflationary regime, maybe

[03:25] even a deflationary regime. Okay, that's

[03:27] worse. You probably already know that

[03:29] opinion about me. I just want to make it

[03:31] crystal clear that even though he came

[03:34] out hawkish, I still think he is a

[03:37] deflation dove. I don't think any of

[03:39] that has changed. The timing was just

[03:42] complicated. Here's why. Right after

[03:45] Wars comes out dovish, we end up getting

[03:48] the Japanese yen breaking through pretty

[03:51] bad technical levels which send the

[03:53] signal that intervention might be

[03:54] coming. when USD trades, you know, when

[03:57] you get one USD to one JPY that's

[03:59] sitting above 160 now, sort of rejecting

[04:02] off of 162, people fear that, oh no, the

[04:06] Bank of Japan is going to intervene. We

[04:08] may as well quickly pay off debt. Uh,

[04:11] you know, US hedge funds may as well

[04:13] quickly pay off debt. So, what do they

[04:14] do? They sell high-flying tech names in

[04:16] the United States because it is now

[04:18] cheaper to do so before that potential

[04:21] intervention. I didn't as clearly as I

[04:23] should have explained that in my video

[04:25] two days, two or three days ago. Uh

[04:28] there was this implication that you know

[04:30] somehow people are uh liquidating their

[04:33] Japanese yen debt positions because the

[04:37] yen is getting weaker which actually

[04:39] makes it cheaper to pay off that

[04:40] Japanese yen debt. This is true but that

[04:42] is the perfect opportunity people use to

[04:44] pay off their Japanese debt before a

[04:48] potential intervention risk. So I just

[04:49] wanted to clarify that. Ignoring the

[04:52] complexity of that for a moment, Kevin

[04:54] Worsh goes hawkish when Kevin thought

[04:55] doubbish. I still think long-term

[04:57] doubbish, but that's obviously bearish

[04:59] for tech stocks. The Japanese carry

[05:01] trade getting cheaper to pay off is

[05:04] bearish for tech stocks. Third thing, we

[05:07] all knew, and we talked about this ad

[05:10] nauseium, we knew that SpaceX was going

[05:12] to meme rally because they were only

[05:15] putting out 4.2% of the float. We knew

[05:16] that was going to happen. We knew it

[05:18] would peak out. The only problem is we

[05:20] don't know when. People ask me, Kevin,

[05:22] when should we buy puts on SpaceX? I'm

[05:24] like, it's really tough to know exactly.

[05:26] I think the beginning of July. I didn't

[05:29] buy any shorts or puts or whatever. It's

[05:31] just not my trading style. And

[05:33] unfortunately, it didn't peak out at the

[05:35] beginning of July. It peaked out after

[05:37] just three full trading days, which

[05:40] would be around June 16th when Jim

[05:41] Kramer really hyped it up. Okay, maybe

[05:44] that was our real warning sign. But

[05:46] anyway, that peak came a lot quicker

[05:49] than expected for SpaceX. And you know,

[05:52] maybe I need to get used to things just

[05:54] coming quicker than expected around

[05:55] here. But that is another bearish move

[06:00] for the tech sector because it

[06:02] contributed to uh the insiders open over

[06:06] at OpenAI saying, "Hey, we're going to

[06:07] delay our IPO till 2027." Three

[06:10] insiders, anonymous insiders, uh

[06:13] revealed that volatility because of

[06:14] SpaceX and tech stocks recently uh

[06:17] contributed to the decision to uh likely

[06:20] delay the open AI IPO. That's not

[06:22] official yet, but that's the

[06:23] expectation. Then number four, you know,

[06:25] that obviously number three is bearish

[06:27] uh uh attack, but number four, you had

[06:30] the SpaceX bond sale. The SpaceX bond

[06:32] sale sold with a way higher spread than

[06:35] it should have. 50 basis point premium

[06:37] over Intel is not good. That was the

[06:40] bond market going, you know, we don't we

[06:42] don't like this. We're gonna have to be

[06:44] compensated for this. And they were, you

[06:47] know, obviously bond holders have a

[06:48] priority over all equity holders, so

[06:50] they already have that in the event of a

[06:52] bankruptcy. Not that anybody actually

[06:53] thinks SpaceX is going to go bankrupt,

[06:55] but you know, there was a very clear

[06:56] desire for more protection uh from the

[06:59] bond market. Uh that was bearish tech.

[07:02] Then of course we had the premicron

[07:05] earnings sell-off, the postmicron

[07:08] rebound which did not cover the sell-off

[07:10] and now we have even more of a post

[07:12] micron earnings sell-off even though the

[07:14] earnings were fantastic.

[07:16] That is a sign of a lack of liquidity,

[07:19] right? So in other words, it's like we

[07:22] know Kevin Wars was going to be doubbish

[07:25] but he wasn't dovish quick enough.

[07:27] That caused the yen problems. We knew

[07:30] SpaceX was going to peak, but it peaked

[07:33] before the end of the month, earlier

[07:35] than expected. We knew that Micron was

[07:39] going to be really sensitive at the time

[07:41] of earnings, but instead of selling off

[07:43] on earnings, it sold off right before

[07:45] earnings and then the day after the day

[07:48] after earnings, two days after earnings.

[07:50] Right on top of that, which we also saw

[07:54] coming because we subscribed to the

[07:55] Alpha Wire, which is totally free. You

[07:57] could get on the Meet Kevin app. um

[07:59] Apple Android app store. We saw that

[08:01] Apple was rumored to raise prices uh on

[08:03] their devices by 16 to 20% and they did.

[08:06] Unfortunately, that dragged Apple down.

[08:09] So now you've got six bearish items that

[08:12] occur inside of the tech stack. And

[08:15] where are people flocking? That's what

[08:18] we're going to talk about next. But all

[08:19] of this is a downweight to bullish end

[08:22] of the month targets for the NASDAQ 100

[08:25] because technology stocks are basically

[08:27] getting hammered especially hardware

[08:29] exposed relative to where expectations

[08:32] have been and this is unfortunate. It it

[08:35] it means that in the short term we had

[08:38] noopsy dupsy and I apologize for that.

[08:41] Can't be perfect all the time. I know I

[08:43] know people regularly they say Kevin how

[08:45] how are are you hitting all these

[08:46] targets on the alpha report or you know

[08:48] whatever and it's like well we don't

[08:50] always uh and this is unfortunately uh I

[08:54] mean one of the first ones that I could

[08:55] think of in a while off the top of my

[08:57] mind here where uh you know we we're

[08:59] just not going to hit our QQQ price

[09:01] target for the end of the month. Uh, and

[09:03] I'm disappointed by that. And I'm not

[09:05] trying to make excuses because I still

[09:07] think that I'm correct on Warf. I'm

[09:12] correct on SpaceX. I still think I'm

[09:16] correct about that. The Harbor Cycle

[09:19] still has legs. AVG go, you know,

[09:20] Broadcom and Micronics are so freaking

[09:22] good. We've still got legs on that

[09:25] movement. But unfortunately, when you

[09:27] combine all these things together, it

[09:29] means we could be right about the long

[09:31] term, but wrong about the timing in the

[09:33] near term. And I think it's worth being

[09:35] transparent about that. Uh, of course,

[09:37] then you can add in number seven, that

[09:38] Kevin is still somehow on vacation. I'll

[09:40] be back on Sunday, so maybe that's the

[09:42] true catalyst. That said, let's get into

[09:45] where markets are actually going right

[09:47] now, and that is to some extent cyber

[09:50] security, but also software. Now, I want

[09:53] to caution some of this. Excuse me

[09:56] because we have seen this game before.

[09:59] 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

[23:00] streams. Those things will always be

[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.