Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts and see what they have to say about the biggest topics in investing and finance!
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►00:00 – Intro
►03:30 – Powell to Congress – “Fed chief Powell is set to begin two days of congressional testimony Tuesday, where he’ll have the chance to explain the central bank’s planned response to a more resilient economy.”
►08:37 – Bulls to Bears – Investor sentiment reversed in record time.
►13:04 – Goldman ups Apple – “Apple stock jumps as Goldman Sachs puts Buy rating on stock”
►19:38 – Buybacks – “Tech Is Still Addicted to Stock Options.”
►24:31 – Trading Overhaul – “Citadel, NYSE, Schwab Fire Salvo at SEC On Trading Overhaul”
►30:39 – Before Smartphones – “Technology may be calming people down.”
►34:15 – Make The Case
►37:34 – Mystery Chart
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This episode is sponsored by Blinkist. Get 25% off Blinkist premium and enjoy 2 memberships for the price of 1! Start your 7-day free trial by clicking here: https://www.blinkist.com/thecompound
Can't really hear Batnick's audio, maybe it's because he has Ken Griffin's balls in his mouth.
Exceptional, as always. Thanks guys!
Empire State honestly looks good on the chart 😂😮
Down day but PUTS on the spy weren’t gaining much momentum.
Incentive not to buy back is obviously to drop market further…
It’s all BS there’s no market pricing anything in. Those ALGOS do they’re thing and beat everyone. We can only just ride the wave.
Turn the Empire State Bldg into Luxury Condominiums! It'll sell out immediately.
apparently, i'm the only one who got laid off today.
Stay patient my friends we will get rich
50 the new 25! Jay Voice
Can someone please make a ‘make the case’ ETF
I love you guys!
Its simple; Tesla will redefine the global economy and so few people realize it now
12:30 "It went vertical as the stock was crashing, this makes no sense".
Wat? TSLA net purchases started going vertical in Jan 2023. The stock bottomed and started it's insane run up Jan 2023. What the hell was Michael on about there?
The fact we can't hear the El rumble by tells me Brown can afford The Best. Probably The Hoxton. 3rd floor. Nice.
Due to first hand experience as a retail investor. I share Josh’s opinion on TSLA.
Josh couldn't be more correct about TSLA
On people being bananas, there is evidence that the permanence and windowification that the mobile internet provides is calming people down. Namely it's revealing the people who had always had such ugly opinions of the world and generating a social unrest that these people still exist.
Now, I am concerned with the liar nature that is coming (deepfakes, AI, etc.) which will undo this progress…
It Is THE ANSWER !!!
Pretty sure they're at the Hoxton in the West Loop
When I put $500 in my trading acct I put it 60% in Tesla. I didn't believe it would continue falling. Anyway, the guy on the left of my screen was right.
I don't get why all trades don't go through a central point that is controlled by the govt/sec instead of having these third party middlemen who are just milking everyone.
Thanks again..Happy travels.
people have always been nuts but some people shouldn't be able to share. All the things you listed…Trans, Nazis and racism is not even an actual thing that people in the US want to talk about. The Russians have admitted they use these topics to drive division in our population and actively operate farms of accts to spread and get these things into the daily topics of our lives.
Josh absolutely nailed the call on Congress looking at banning TikTok.
Josh us slowly morphing into the woody harrleson from hunger games look
The train scene was cinematic
Josh and Mike are like an old married couple at this point.
Josh absolutely correct for us daytrading degenerstes. High beta, sell news, blah , blah, blah, barometer of trader sentiment.
I'm sort of a fan of the old opening song from back in the early covid days…
regarding the discussion around payment for order flow, as long as it is prominently displayed, its ok. People like Mike and Josh understand that its a buried cost, but the general retail investor doesn't. So something that says, 'the price you paid may have increased by up to 0.02 per share'. With this at least people understand what it is they are paying for.
Anyone please tell me if I'm the only one worried that we still have not seen enough of a correction. It feels like chaos of emotion and opinion but no one thinking still about hey with all this have we seen enough of a correction. Did we get anywhere near what this overpriced 13 year bull topped off with the covid stim crypto and tech melt up of 21 market needed? Did we just see the biggest bull trap in history? It still feels like the panic and market problems got here early and we haven't even gotten to the recession yet not that recession and market devaluation go hand in hand but you have to think if the recession hasn't even gotten here yet all this was like trimmers before the big quake.
Correlisation
If we don’t care about a penny per trade when brokers are doing it to front run orders for pennies a trade why does Wall Street throw a tantrum every time the same kind of penny transaction tax is proposed? Maybe pay down our national debt in a meaning full way way. Pragmatic problem solving is desperately needed now that free money is over. Not ideologues screaming bloody murder over one more penny per trade because it goes to the national debt instead of citadel plutocrats that have enjoyed a rigged system for decades now.
KAREN BATNICK FIRED UP!
24:54 These dudes in the same room, in front of the same window, not looking at each other and you can tell because the same train goes by
Are we all going to ignore “FatGPT” lol 😂
@11:30…Josh is right. People trade what they know, and will buy and sell on small price moves. What was investing, becomes gambling…
Regarding the tesla net purchases, the stock shot up so quickly there are so many people that want to own it and feel like they missed out on the way up, so as soon as it started crashing they figured it was their chance to get in
Love