The Market Crash is Accelerating... Again...May 29, 2021
you're starting to see some erosion below the surface of the
marketit's definitely something to keep an eye out for it doesn't necessarily mean the
markethas to go down that much we would be correcting internally here and then the volatility index went below 20 for some time once more no doesn't reflect panic at all you still have a lot of push pull to the top it keeps the volatility a bit contained but now you're back above 20 and a bit of a bullish slant when looking at sort of April Vic futures eh too or you have to keep an eye on all that stuff there's just under a minute left it looks like we're going to close at session lows will that mean negative territory for the dow which is holding on to nine basis points of gains a as we progress? let's talk about the other major averages all in the red the doubt just uh fractionally higher the s p down half a percent and like that composite uh sarah mentioned the best part of two percent while we're standing the russell 2000 is down two and a quarter percent, the great leap for oil. today five percent that means energy is up two and a half percent after one song ok let's take a quick look at the market i want to see oh closing bells are here never mind communication services and consumer discretionary towards the bottom of the stack and uh the likes of tesla down four percent rptf down five percent viacom cbs down 23 percent at gamestop down 34 at close leading averages uh are predominantly reds with the dow holding up wow it's closed done flat huh right on i can't believe you didn't say bang on flat the dow pretty much closing the flat welcome back everyone to the closing bell it's almost i'm sarah eisen along with wilfred frost and mike santoli cnbc senior market commentator Take a look at how we ended our day on Wall Street.
Dow simply couldn't hold on to the gains. It was higher throughout the day and then slid with the rest of the broad indices until the close. We closed two points, which I suppose. doesn't make it still flat which hurt the doubt i saw tech as the biggest loser in the day crunch salesforce disney nike goldman sachs and apple those were the biggest hurdles honeywell caterpillar and chevron held up well huh some other dow components too but still failed to break into positive territory s p 500 was down a little more than half a percent not down any more because energy came up two and a half percent industrial materials finance and utilities all shut down but a lot of that tech sectors and consumer sectors were down the nasdaq down two percent at close and small cap russell 2000 index still hammered down here 2.35 at close today another day where growth momentum technology underperformed some of the more cyclical groups investors are now waiting for earnings from rh and kb home we will bring you those results as soon as they are released plus zoom vid stock eo are down 30 in the last six months after being one of the biggest gainers at the start of the pandemic, we'll be talking to the company this time. chief financial officer on stock
crashes and the new weather city zoom free friday that's all i have to say for you sarah make it go away fix it fix the problem fix it fix it cause it's a mess it's a mess it's horrible it's a crisis the game stopped 33 percent at close about half percent back to about 120 cost a 20.8 percent omg microvision down 16 but up 2 in the hours after x paying 15 plus 1 in the hours after the money is literary lly just evaporating uh this is amazing we got the door open down twelve percent canoe down twelve percent lee car thirteen percent agora api behind the clubhouse down twelve point seven percent gevo down 10.2 percent neo platoon byd luminar hylion charging point plug energy mp materials basically everything was down ten percent mp materials were up about half a percent after hours s at around 33 bucks a share etsy ends right at around 200 a share huh this is where huh etsy gets a little juicier when we get to under 200 but I think if we get another couple of days of this kind of crazy that is when things really start to get a little juicier a little even juicier uh quick quick down at 64. 70 including the profit after hours of about three quarters of a percent fiskar down eight point eight percent up uh three quarters of a percent after hours net net a lot a lot of pain around here a company nga blink nano dimension equity zoom people when people say there's going to be a lot of volatility this is what you can volatility goes up a lot yeah and then that turns into oh no it's downstairs except lately it's been feeling a lot like home a house of pain here's someone saying they're cooking with stock and they see why their name is cooking with stock s clearly familiar with knives and saying fair warning sells tesla its a falling knife and no one is going to buy at this point wouldnt be surprised if its at 500 by the end of march sounds like cooking with knives is baking some puts uh talking from nobody uh shopping uh tesla uh this this this this could have been me an hour ago oh it's 25k uh but it nibbled anyone anyway uh i'm just a nut so where were we uh where were we? yeah justin let's go broke together let's go bust so what else do we have here?
Planet 13 is down 6.8 percent. Marijuana doesn't survive either. times maybe the alcohol is going up I do I don't know there's nothing in my coffee anyway a silver spike suddenly went up 10 here in the hours after we got Churchill equity at 22.72 I'm sorry we didn't. moment which is within 10 percent of the lows huh that's pretty low because I think we hit 21 something the other day so we'll have more red tomorrow Friday that's going to be juicy huh that's going to be very juicy yeah we've got the What is it. this uh wall street bets vs melvin capital vad i made for my channel dumb money the media would love to get feedback on the diamond hand oh thats cool uh yeah i mean uh thats awesome uh attack tag and discord uh i stop by the ats there and you can do that then but right now we have to look at the blood the blood what's in the markets look at that just a measly 4.8 percent tesla i mean tesla is basically a survivor tesla is basically a winner in 6 30. because it's only down 4.8 percent everything else is performing worse including the roblox macy's endgame um everything all good where were we somewhere around here oh yeah weed is going down the restore hardware i guess the reports shortly i know if we care anyone cares i don't know i don't really don't but i guess let's see what's grwg grow some well company news the market does everything i do but what c Otherwise, maybe I should put all the stocks, hey, would you help us, that's how I feel you're buying, come down. restore hardware involves 13.9 move fiscal results just came out last minute here ok how did it go? okay restore hardware can we get some data please commercial version where is it they just announced the live stream or uh for the phone call they should make earnings calls like live streams would that be there pearl I mean and you're talking about a one and a half percent of a beat right here revenue comes to 8 12 4.
It's a beat so in a normal market that could be like, you know, if it beats one and a half. percent maybe the market would move like one or two percent but there's no such thing as normal these days but I don't know if a 13.9 move at such a smooth pace maybe I could be wrong I don't know stocks they are stupid stupid stuff stuff after hours huh after earnings um let's figure out the good thing is we can immediately look at restore hardware there you go up two percent it's actually moving a little more it's up three percent now it's well amplifying kinda huh we will look where it stabilizes so ok what else here oh yeah matterport low wow under 14 for matterport thats a bargain thats what i like uh wow i think A lot, I think during the last
crashwe got it for 13, uh, like 13, 20 or something. so yeah that's a good question is there any stock market refunds yeah like a 30 day money back guarantee right off the dip no we have uh we have both right now . look today we have the rocket ship and then it says the moon is right under it eventually so for now we just have it closed so we'll just have to be okay you know one of these days we'll go and then the rocket will take off , but right now it's closed for us to do some shopping, of course, of course, it makes a lot of sense. restrict, I don't know what the difference is, restrict is physical, maybe a restriction is not physical, is that the difference, what do I know? grammar in a stock market crash video i guess this is what happens when the market is freaking out and someone put something in your drink. we were going through that 10k like crazy doing some fun numbers yeah that was a lot of fun this morning yeah we usually talk for an hour on the private live streams and then we do uh we like to pick a stock and do a stock analysis high conviction do it with a real estate deal too so we get a little bit of everything to suit your refund yeah yeah no kidding no kidding I know people are freaking out over this right now , uh 14 so digital voyager hey if you want to make a deal aboard lore the problem is i think i shot myself in the foot on the digital voyager i own the digital voyager and i made a video yesterday about the risks in the industry is like maybe i should have bought after how nobody could say i try to rig stocks when im idiot enough to buy it before making a video not the most positive but by the way it works uh oops oh well uh not me I connect like when I post a stock price video maybe some people do I'm sure a lot of people do but I'm not looking for the short term so yeah that creates a little buying opportunity there actually i might add it if it keeps dropping here uh voyager i would almost rather take some bitcoin uh and put the bitcoin in digital voyager that would be interesting yes bitcoin in bitcoin is dropping a bit right now actually quite a bit it's at 54 200 and i gave up all the hype we got from Elon Musk announcing that you can now pay with bitcoin, that hype is gone, so a lot of pain in the markets. hours i don't know silver ok hardware restoration so far about five percent uh ok a little excessive i feel like for a moment here maybe they said something fancy on their earnings report totally possible i mean i looked at a line here uh eps barely beats uh oh okay cc revenue growth from 15 to 20 see that's higher growth they see and they're forecasting higher growth that explains why to me it's a rational video of the stock market ok let's see what's going on here we've got the five years sitting at 0.8 and 1.6 on the 10 so no wonder here uh let's listen for a moment and see what's going on in the cuts , we haven't heard the cuds in a long time huh tv commercial yeah maybe that's why ok let's see what the suits say about what's going on. in that case we'll skip over the top headline news see what's going on bingo who wants to watch a bingo here we go here we go this is what we're doing you straight up people take the money you got and just set it on fire at least you get some of show like that that's pretty much what's going on we can loop that that's great that's great keep it up. gotta go and see whats going on with major news here so cruise stocks pull back after cdc launches bid for quick restart sucks for cruise stocks stocks drop leading tech dips oil the suez canal remains blocked as dredge tugs fail to move the ship Speaking of which if you follow me on twitter you'll see my comment on the suez canal and inflation you can see that by going to meet Kevin on twitter ok, what's your complaint?
Of the stocks that thrived during the pandemic, oil jumped after the Suez Canal was blocked by a giant container ship, uh, zoom, video communications platoon.interactive and docusign were among the worst performers in the nasdaq 100 producers energy banks and transportation companies fared better as traders bought sick stocks like everyone in the dollar strike that uh let's see how bad docusign did docusign come on man donkey sign like four for cent i mean i know they said nasdaq but still the peloton on the other hand one is down like 10. yeah 10 down and another a little after hoursa tesla for a bitcoin three hours ago you have already saved four percent well ok yeah holy betas yeah yeah if you're really high on the betas you could lose 50 percent much faster 37 since it started in February. i got shares, that's what we have done, how do you get access to the private live stream?
You join the course by meeting kevin.teachable.com or use the link below and use the coupon code hodl because why not be a part of a community that is just as miserable as you are today uh no no no it's not it's very I am a Really very proud of all the people who take time out of their day to talk and help the people in the group. It is really impressive. Update on how to write an interesting story here. They provided an update to their full guidance for 2021, clearly they had to adjust it based on some inclement weather in February which hurt sales as well as weaker flu. now they see for the full year a loss of 90 to 100 million dollars, while the estimate was 125 million dollars profit, uh, their top line for the year 24 billion dollars, pretty much in line with expectations there , but interestingly here, the cold and flu products. they look like more higher margin products on their shelves not being sold by people wearing masks staying at home so there was a much lighter cold and flu season which really had an impact on the finances huh at rite aid now they are expected to report earnings on thursday april 15th so this was an adjustment to their guidance before then as far as vaccines you notice they are rising significantly on the vaccines side but
againstocks are having a significant impact hit almost 20 guys now leslie thank you so much for that still ahead slack ceo on what the future of work will look like once the pandemic is over and more people are back in the office as we had breaking is another check on our after earnings engines as just mentioned rh is up eight and a half percent kb is down almost four percent so by the way don't miss the entries kramer exclusive magazines uh oh con rh sorry ceo tomorrow 6pm what the terminal says come to the terminal give us some news stimulate us today you are like zombies for no apparent reason huh ok let's see just set by the dip as my alarm for tomorrow goodnight uh blackrock is focused on yelling warren clash dont affect me uh biden gives harris his first major assignment to solve the border crisis good luck evicting a 200k ton ship means calling in salvage legends oh salvage legends what do you do for a living i'm a salvage legend oh okay let's see what's involved markets the update is ok we already read this see if they added anything sometimes they add no no we could see the arc outputs who added this?
European stocks made a profit. Asia Pacific stocks fell the most in nearly three weeks. a ten percent correction between the city's decision to temporarily suspend vaccines bioentech sc ok wonderful where we were oh yeah let's do rk flow ark flow I'm reading the chat I see you all oh they're talking about this these are news alerts oh i clicked but oh here it is look oh there you go here you go look at this almost 50 percent of us adults say the stock market is rigged okay okay game rigged huh okay strongly agree some would not agree agree nor disagree agree oh this is funny a lot of people who agree are actually investors more who are investors agree that indifferent people are not investors but yeah that's interesting that's all , that's a big percentage like very few actually disagree that's because it's that's because it's true that's the best answer right there oh dear it's so kinky to invest r arc fluxes.
I'm not interested in deep value unless you say deep value, deep value, etf, that's what we need. value-to-growth rotation drags on we think a deep value ETF could become the next niche ETF to attract inflows similar to the ark oh innovation ETF but it's kind of the opposite so it's not innovation so i'm wondering what they call it the uh like the i don't know i don't know what they call it the smart beta no innovation no what they call it free and fancy ok what's the thing called let's look it up quarterly order flows for etfs yes deep value etfs may be close to shiny object mode ok huh vtv vanguard value etf and russell 1000 iwd ok oh here's a bunch of ticker symbols oh interesting look at that look here's a way you could almost cover me wonder what beta is on in one of the most popular ones here like let's see uh let's see here share or vanguard let's take one of these vanguard value etfs so let's see let's go to vtv vtv and see if we can get the beta for it ta beta i don't know if this is going to work oh it did oh well i mean ok the etf yeah but relative to the relative index no no i want to do relative to the s p s p 500, come in, oh, you have a positive beta.
I'm surprised, I thought it would be negative, uh wow, okay, well, uh, I see that the arc should be very high. which means it's very sensitive to fluctuations in the full market yeah 1.3 for an etf is pretty high uh the vanguard which then is the vanguard is really probably very diversified let's see if there's a smaller one check the charts . i'm too scared i'm too scared i can't take it anymore it's not ok i'll look in a second where was that news article deep value stuff deep value etf these are the pre-wizards ok we'll review the chart in about 30 seconds i don't know a where did that item go damn what we're saying I'm trying to figure out what the other ones are maybe someone can go back and tell me what some of the other uh tickers were that were on that chart and then we'll look at them so yeah that would be great in the meantime we'll see the graphics it would be awesome if someone could do that. of a potential rebound here i don't know how long it will last you know the next day can always be funny say the free market is just a vti vti wasn't a deep value one yea you're absolutely right justin like i'm for kathy here uh look aristocrats iwd thanks that was another do you know why hpr stopped oh could we look hello i dont even know what that is but uh what was the other iwd thats right thanks high point resources isn't that having a merge ok iwd let's get iwd out was another iwd was ishares's ok ok ok thanks kevin i should say something blunt i can't give you advice ok let's write beta if they have too many stocks the beta will only be one it won't be a big deal we need to put this
against the sp enter not also positive i mean pretty close to one but also positive the s p five but what about the nasdaq maybe that's that stack we're going against the qqq for example the same there we go ok there's the beta more low is ok ok ok ok so this would be i dunno yeah maybe worth seeing which one will move less than a nasdaq iwd and then the other one went uh i cant remember which one was but ok anyway thats interesting phdg i dont know what that is lemme see what big news is really fast oh yeah it says pending something is pending trade stop news pending resume trading oh just resumed now resumed stopped due to news pending ah ok merge ok look what happens ok after hours here restore hardware zom agora actually come back interesting but uh rite aid bngo these guys these guys get burned here in the hours after.
Let's listen to this for a moment, ok this might be an archaic reference at this point but it's actually a bit more like the old blackberry messenger where for you to message me I have to give you a pin but because those pins could be shared i can still approve your message so it's not just you know anyone can message anyone else it's a double option on both sides stewart i was curious if you could give us an update on the deal your Shareholders voted to approve it, Salesforce is buying it, but it seems the Department of Justice has asked for a second request for more information, which I guess is not uncommon, but there's kind of a political desire to be tough on antitrust laws, especially with technology.
Shout out to Jay here, who says that my technical analysis suggests that solar energy stocks could go higher in the coming weeks. He watches over those I agree with. while getting a designated attorney general and deputy attorney general really that's interesting so someone here says phdg i've never heard of this but it's designed as a hedge so what's like an index Oh it's the downside of invesco covered etf it's very interesting so it's basically a way to put your money in an etf uh when you want your portfolio to not be all red uh so it's inversely correlated to the sp 500.
I wonder what they buy from. understand what are the holdings of that is it just as put options or i mean i don't know if i could put derivatives in a fund holdings of historical entity funds of etfs interesting so you get vix somewhere around 27 stocks well 25 is 20 yeah 27 percent is volatility investing government agency portfolio is 20 so money market I mean it's almost cash no it's like cash that's interesting either bonds or you know cash like materials or something and then we have apple microsoft visa but I mean so you get very small here in stocks that are chosen but come on to correlate those two and an easy way to do it is to go to um let's put it here s p 500 compare plus compare to was the damn thing called p something there we go phdg okay so let's date not one day but like six months that's interesting I don't I don't know yeah I'm going to dig into this a little bit it's kind of interesting huh is this yeah no that's negative coverage but today it dropped and it's almost like you're trading the sp 500 is that so Maybe it's like the apple and some of these other The things here, I don't know.
I did I wouldn't say it's as perfectly inward as uh you know I guess you could just throw the mixed money away uh but uh you know it's a lot of fun the way this works anyway sqq ok ok let's try that sqq ah shortening the qqq yeah look at that yeah but these guys these guys are always basically zero over time just over time the shorts become useless so is it really this you'd never like buy and hold for example a short fund you only buy this uh in case the market goes down. down but what's interesting is if we had bought this on feb 19 let's look at feb 19 if we had bought this we would be up 12 ok that makes sense that's it yeah so in the short term you could use something like this like maybe a very very cool hedge ok let's see let's get to the main news ok let's see if there's any other news thanks to the paperboys for giving us a good day of shopping. jumped in the hours after zom jumped nga jumped no i don't see redfin jump let's see red fin oh maybe you meant jump down no no maybe you meant up because the up isn't even reflecting right now yeah it's getting Updating I don't know what a crazy day that's all I have to say this is crazy and it's another day so we'll see see if this pain continues for the next two days but so far I have to say no it is. very beautiful this is pretty ugly and in the next two days we'll see if we get more offers or yes cciv is starting to look very juicy yes so we'll see what happens in the next two days if we get more offers or if this is the end of the fund or the fund I don't know I don't think so huh I think there could be some more volatility in these next few days we'll see more drawbacks I don't know we'll see and then we'll go shopping very soon I've already made some purchases but I want to do some more anyway in the meantime be sure to check out the coupon code link below get 38 off expire price will go up monday night no no extensions for stimulus checks this time because we did it last time that we had a short extension here for people who were getting their checks, but hey, okay folks, thanks so much for being here, see you next time.
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