What's good Josh Shiboros back again with another video. So we're gonna check out Cody Rose quits AEW to join WWE by Polana Productions I've been seeing some more people talk about it on YouTube in my sub box man You guys were talking about it on Twitter and Instagram You know, I found out the news earlier this morning that you know him and his wife They left AEW, but then there was some reports saying that he there was he's in talks with Joining WWE again, and I'm just like yo what the hell is going on today in the world of wrestling like I just I Can't fathom Cody Rose leaving WWE to Pursue something That you know is the body the embodiment of wrestling for him To start up AEW with Tony Khan and others to like really get that going To only a few years later leave that sad company to potentially go back to WWE Where to be honest with you? I just don't think they treated the Rhodes family With the utmost respect like they should have like they you know They appreciated them for what they've done for WWE, but I just don't feel like they really you know, like I guess you can say Treated them with the the proper respect you would think that family deserves in my personal opinion in my personal opinion They it's just never seemed like they got the The true proper respect like Cody and Dustin has gotten in AEW. That's just my personal opinion But I could be wrong there, but we'll see what Polana Productions has to say about this man Should be an interesting one. Let's get right into this one. This is a crazy one You've read that title correctly Cody Rhodes has officially left AEW after Release in a statement on his Twitter account. That is now AEW's community outreach account as well I don't know I still don't know why he deactivated his account just to give it to AEW if I was him though I'd be like no give me that account back right now It is still under my added is my name give it back if there's a million followers You don't want to lose on that cloud. You know what I mean anyways in his statement He went on to thank a bunch of people including Tony con Brandy obviously his wife was second the original elite members the Warner Bros Executives and a bunch of different wrestlers that he trained over the course of this time with AEW Since then Dave Meltzer has been able to provide some more details on the situation that gives some more clear indication on What exactly actually happened? He tweeted this The Cody brandy split with AEW happened yesterday The two sides didn't come to terms on a new deal after six weeks There's a lot more to read into this and our show last time we talked about the different issues But it could legally be on WWE TV at any time Interestingly enough. Wow also replied to a comment asking if Tony con should have appropriated the money into resigning Cody Rhodes Rather than signing new talent Meltzer replied with this It is a sign that they're sticking to a budget, which was clear in other negotiations It seems like Cody and Tony con really just couldn't agree on the amount of money he deserved for a new contract Hmm, that's that's kind of kind of what some people were saying that it really just boils down to The money that he was trying to get and the money that Tony con was able to you know offer up and you know Some people are saying well This is what happens when you get all these other talents you got to pay them and this is true but at the same time is like It's one of those things where some people are like well Cody Don't you have enough money?  This is their livelihood.  You take that pay cut if that's something you want to do I'm all for it. You know saying I think a lot of times we get caught up in pocket watching, you know These deals ain't thousands of dollars. We're talking million-dollar contracts and for someone that you know feels like they're They're worth that if they want that they should they should be able to get it You know I'm not I'm not harping on that but at the same time I also understand Some people who's like, you know concern or I will maybe just take a pay cut to stay where we know you love to be at instead of potentially going back over to WWE because WWE has plenty of money to throw away I'm just be honest with you guys They have money to throw away if they wanted to so they can offer up Cody Whatever number he thinks up in his head times two if they really wanted to so I don't know. It's that's just a while. I Never would have thought so soon that we would be talking about Cody leaving AEW Rhodes was probably asking for more than what Khan could offer because all the money he's been spending as we know AEW has been in the negative for quite some time now and they signed so many wrestlers since Wow AEW in the red financially then which means I mean I was most likely losing even more money now That seems not sure if it's a huge mistake in my opinion But then that's pretty good. Cody Rhodes isn't somebody that you just lose to the competitors and you let him walk away especially for AEW the man has been a key piece to the company's success all the wrestling needed Cody Rhodes a lot more than they Think he was easily one of their biggest stars despite them Not really booking him as one. He cuts some of the best promos He scouted indie wrestlers and then trained them before making their debut to the company He did a lot of media work for AEW He was expanding the value of his name outside of wrestling Which is doing more eyes on the brand and don't forget about Brandy Rhodes Who was a part of the marketing team as you can see Cody and Brandy were a very important part of AEW? Unlike the other signings He was an all-around guy out working everybody to let him go seems very bizarre However, according to Dave's reply to the other tweet It seems like AEW is really sticking to their budget to avoid losing more money But even then Tony Khan this was a rookie mistake You should have made sure to keep Cody Rhodes as one of your top priorities with this breaking news What does this mean for Cody Rhodes? What is next for his career? Well a report broke out that stated that WWE is already interested in bringing him back The WWE has been aware of the situation for the last few days I'm sure they have And has been in contact with Cody Rhodes If AEW could not meet the amount he wanted for his next contract I am sure that WWE will be able to do so because they made a billion dollars last year and are actually profitable That's the crazy thing about WWE we may we may not like their on television program as much But they're making the most money they have ever made Then ask the ratings may not show it, but everything else they have their product in they're making Bank which is always bullshit when they say oh we let people go because of budget reasons.  They probably made more money during the pandemic Than a lot of people realize I'm just being honest with you during Zarian as confirmed that Cody Rhodes's camp has been in contact with the WWE officials Sean Ross Sapp also then reported that WWE knew about this and was even aware of when the statement would be released this morning All signs are pointing to Cody Rhodes signing a contract with WWE This would make him one of the first top WWE wrestlers to leave and join WWE. I really think it is going to happen It's gonna be very interesting to see how Vince McMahon books him if I'm WWE and I just got Cody Rhodes I would treat him like the star that he is Rhodes is in the prime of his career right now and is better than most people in WWE The company has the opportunity to make him a main event player. He's got to win the world championship in my opinion It's also important to show other AW guys that WWE wants that they can also be successful in WWE despite AW make it a seem like it is career suicide This means that people like Wardlow Mjf and Jade would want to sign with them when their contracts are up This Cody Rhodes story is so big and I cannot win this as well fold It is definitely the beginning of a huge change We should see from both companies moving forward and for the first time in a long time I even want to make a what if video on Cody Rhodes returning to WWE This is exciting stuff and as I was finishing the video guys I just saw a tweet from Russell votes who is a very credible source stating that he knows a source that says that they fully Anticipate Cody Rhodes signing with WWE. I say it is definitely going to happen thing. Wow, bro This is insane Wow, I mean Here's my thing Would I want to see Cody in WWE? Possibly I know hear me. I'll hear me out before somebody. I'll be like, yo, why would you? Possibly only if they did right by him, but once again, we're talking about WWE here And we have seen them bring some individuals back You think they're you know, they'll do right by them for a little bit few weeks Maybe a couple months and then they'll start booking them in ridiculous situations that make no sense and ultimately kill their character We've seen it before it has happened Remember what happened with the whole broken Matt Hardy gimmick and how it had so much promise and they butchered it They messed that up. It didn't it didn't work like it should have remember that And the same thing here with Cody man, Cody left WWE he was able to revitalize his career and Really put the Rhodes family name back where it belonged and a lot of wrestling fans his eyes He revitalized his career put him built himself back up. Of course. He's a hot commodity in the wrestling community All right. Cool. WWE can throw him a big contract and Maybe utilize him for a little bit and then all of a sudden he starts, you know, getting booked horribly So it's it's that's the thing man. It's like I would love to see him Looked like a true a true champion Who wouldn't want to see Cody Rose as a WWE champion or?  Cody Rose has changed His demeanor his character how he moves how he presents himself. He's changed WWE is still the same WWE before he left only thing is not a richer That's it.  So I don't know man I'm kind of I'm I'm I'm at a I'm at a Middlepoint right here. I would want him. I would want to see it because of the potential matchups and Him potentially being a world champion finally being a WWE champion I would love to see that but at the same time. I don't trust Vince I don't trust their their creative team to do right by him I I could see them butchering him within a couple months and it would just be a waste of everybody's time And then it would kind of go back on everything that Cody is built and and how he's moved now get it He's made some jobs at WWE. Oh, he definitely has and you know It's part of the business. I'm sure they they're able to let by guns be by guns But I just I just don't think that would be I don't think it's the the best idea But at the same time, I would still be intrigued. That's that's the situation. I'm in right now I would I would be intrigued but I don't think it's the best idea I don't think he should do it only because of how WWE's creative team is it is it's not that good. I'm just to be honest with you now if their creative team was better Go ahead do it but we'll see we'll see what happens here. I can see them doing it I can see them trying to bring him in right before WrestleMania or at WrestleMania. I can see them doing it I knew I can see them doing it because it's WWE And they got all the money in the world and they want this year's WrestleMania to be Super memorable and that would be memorable if he did make an appearance Right after leaving a WWE at the same time. I just I just don't trust WWE I don't trust them to do right by Cody Rhodes at all at all So comment down below.  Or do you guys think he should go back to WWE? And if he does go back to WWE, who do you think he should feud with? Who do you think should be the first person he actually views with comment down below? Let me know what y'all think appreciate all loves for road to sandy K. Appreciate y'all kicking me See y'all on the next one. Peace


Hello, I am Dr. Hemant Kalyan, consultant and head of the Department of Orthopaedics at Manipal Hospital, Bangalore. One of our unique features is the development of sub-specialities. We have a shoulder surgeon dedicated to doing only shoulder surgery, Dr. Sushal Shantakumar, who does a wide range of shoulder arthroscopic surgeries as well as shoulder arthroplasties and complex shoulder trauma surgeries. Hello, I am Dr. Sushal Shantakumar. I am a consultant shoulder surgeon in Manipal hospitals and shoulder arthroscopy is one of my expertise. Arthroscopy means looking into a joint. It is derived from arthros meaning joint and scopy meaning to look.  We then fill it up with water and then visualize the structures inside your joint. The damaged tissues are then repaired using specialized instruments. Some of the common conditions which can be treated with shoulder arthroscopy are impingement syndrome, rotator cuff tears and recurrent dislocation. Impingement is a condition which is caused due to a bony outgrowth or what we refer as a spur from the under surface of the bone called acromion which forms the roof of the shoulder. This bony outgrowth can press on tendons causing inflammation and even cause rotator cuff tears. Arthroscopy is an option in recurrent dislocations. We can suture the tone ligaments using special arthroscopic anchors and then with a supervised program we can get the patient back on his back resuming his activities as early as possible. One of the biggest advantages of arthroscopy is fast recovery time and minimal trauma to the tissues.


We have no time in hand, so we have to be very strict with speeches." I'm being told by the first speakers that I can't find my glasses. On diwylliannw y gŵr, ond'i sefyllfa yn cyffredin. 1, 2, 4, 8— On diwylliannw'r cyffredin. I'll try to find my glasses. I'll easily lend you my glasses if you want. I don't know if that would be. Oh, you've got them, that's fine. I'm delighted to have the opportunity to open this stage 3 debate on the housing amendment Scotland bill. I'd first of all like to take this opportunity to once again thank both the convener and the members of the local government committee for their careful scrutiny of the bill to date. The cross-party support that the bill continues to receive is very much welcomed. I've been clear all along that the bill is a short but essential measure, one that is necessary because of the decision by the Office for National Statistics to classify registered social landlords as public sector bodies in the national accounts. It will amend a number of the powers that the Scottish housing regulator can exercise over RSLs, while also providing ministers to limit local authorities' power over housing associations. If the classification decision by the ONS was left unchanged, the Scottish Government would face significant financial consequences, with all-new net borrowing by RSLs, which have previously been counted as private borrowing, now counting against the Scottish Government's borrowing limit, effectively adding £1.5 billion to our £3 billion housing investment programme. The stage 1 debate showed clear agreement from within the chamber that should we take no action to ensure that RSLs are reclassified back to the private sector, then we would be putting this Government's commitment to deliver 50,000 new affordable homes at risk. That is a risk that we simply cannot take. As well as support from within the chamber, I am delighted that stakeholders have also recognised the need for the bill and supported its general principles. We continue to work in partnership with key organisations, including the Scottish Federation of Housing Associations, the Glasgow and West of Scotland Forum of Housing Association and UK Finance, which has greatly assisted us in developing a focus bill that addresses the matter at hand. You may recall during the stage 1 debate that I confirmed that the Scottish Government would bring forward an amendment, providing for the regulation-making powers at sections 8 and 9 of the bill to expire three years after the bill receives royal assent. By way of background, section 8 of the bill gives ministers the power to make further modifications to the functions of the SHR beyond those that the bill makes. I have been clear that we would only exercise the power in section 8 if, when the bill is enacted, the ons were to conclude formally that the changes to the Scottish housing regulator's functions are not enough to enable it to reclassify RSLs back to the private sector. Section 9 is different in that we know that we will need to use the power that it confers before the ons can review the classifications of RSLs, enabling ministers to make regulations limiting or removing the influence that local authorities may exert over RSLs through any ability that they may have to appoint officers or to exercise certain voting rights. Subject to approval from the chamber today to pass the bill for royal assent, we expect that section 9 regulations will be laid before Parliament in early September. While such regulation-making powers are a sensible precaution, we took on board the concerns of stakeholders, the Delegated Powers and Law Reform Committee and the Local Government and Communities Committee, who expressed concerns at the open-ended nature of the provisions. I'm therefore delighted that the Local Government and Communities Committee agreed unanimously on 9 May to the sunset clause amendment. That brings us to today's important debate. I thank the Parliament once again for the opportunity to speak about the Housing Amendment Scotland Bill and the crucial role that it will play in ensuring that we can deliver our ambitious affordable housing programme. I look forward to hearing the views of other members on that important issue, and it therefore gives me great pleasure to move that the Parliament agrees that the Housing Amendment Scotland Bill be passed. I now call in game Simpson to open the Conservatives. Mr Simpson, five minutes please. Thank you very much. I certainly don't intend to speak for five minutes. This is a technical and uncontroversial bill, but it is important, dare I say, vital to the social housing sector that this is passed. If this bill does not go through, then it would make it extremely difficult for housing associations to deliver their part in meeting the Government's affordable homes target. Housing associations were classed as private bodies for accounting purposes until the Office for National Statistics decided to change their status to public bodies. The effect of that, though, is that any borrowing they do counts against the Scottish Government's borrowing limits, which in turn means that the Government might have to limit what RSLs can borrow, and that would not be good. To get over this hurdle, you need to reclassify RSLs as private sector bodies, and consequently it is then necessary to loosen the powers of the housing regulator over them. The effect of the bill will be that housing associations will enjoy more freedoms and be able to deliver more. Briefly, the bill narrows the powers of the regulator to appoint a manager to a housing association and to remove, suspend and appoint officers. It removes the need for the regulator's consent to the disposal of land and housing assets by an RSL, any changes to the constitution of an RSL and the voluntary winding up, dissolution and restructuring of an RSL, while protecting tenants' rights to be consulted about certain changes. It provides Scottish ministers with regulation-making powers to limit the influence that a local authority has over an RSL. There was, as the minister has said, only one amendment to the bill at stage 2, adding a three-year sunset clause to ministers' regulation-making powers under sections 8 and 9. This was in response to concerns that the local government and communities committee, the delegated powers and law reform committee and bodies such as UK finance had raised about the open-ended nature of the powers. That shows how uncontroversial this has been. The sector wants it and needs it. Parliament, I believe, wants it. We should proceed here today without any fuss, and I am well under five minutes. I intend to sit down. Well, nobody is pressing you to stand any lower than necessary, Mr Simpson. Mark Griffin, you can have a generous four minutes, if you wish. Thank you. I think that we have moved on to the bill debate without any amendments. This afternoon, and this, too, will be a short and agreeable debate that shows how much this is an uncontroversial and sensible bill. To protect the provision of affordable and social housing in Scotland, Labour will, of course, be voting for the bill at decision time. Let me take the chance to thank the parliamentary clerks, professionals across the registered social landlord sector and SFHA in particular, for helping the bill to progress so smoothly. I also thank the minister and the local government committee, including my colleagues Elaine Smith, Monica Lennon and Alex Rowley, who have worked on the bill the past few months. On paper, we are changing how housing associations are regarded for the purpose of national accounts. Although the effect of today's bill is fairly minor at first glance, it is clear to me that the issue at the debate is a thoughtful one about the ownership of housing and how the system is structured to protect social and public housing. By legislating to protect the future of social and cooperative housing, we are again working to support Scotland's efforts to tackle poverty by building 50,000 more affordable homes. During the stage 1 debate, my colleague Elaine Smith remarked how she is not naturally drawn to reclassifying a body from the public to the private sector. I think that most of us would take that position too, although we accept that we must legislate in order to protect both the Scottish budget and the ability of RSLs to build desperately needed new homes. I think that it is because of Brexit and universal credit that RSLs face new challenges to secure debt and build those 50,000 affordable homes, so adding the risk of not acting would simply be the wrong thing to do. The bill would not only change the status of RSLs but also change the powers of the regulator, in particular to intervene in struggling RSLs and to access information in March. Andy Wightman rightly spoke about the need to better involve tenants in RSLs. If an RSLs have been run well with tenants and not for tenants, they should have absolutely nothing to fear. However, there is still more work to make sure that tenants, the regulator and local representatives can speak up and get the information that they need to challenge management or intervene. Given that we have begun a thoughtful debate about ownership, perhaps we need to think more fully about how tenant participation has improved or housing associations report. Although lenders will require clear accountability from RSLs, it is welcomed that SFHAs have committed to maintaining current standards and that the Government moves towards freedom of information. The bill has allowed some space for more debate about the housing sector and long may that continue. However, for today, I encourage members to support the bill so that RSLs can get on with playing their part in building those 50,000 homes, which is what is vitally important if we want to tackle poverty and solve Scotland's housing crisis. Thank you very much, Mr Griffin. I call Andy Wightman to open for the green party. Mr Wightman is also a generous four minutes. Thank you very much, Presiding Officer. I thank the minister and my colleagues in the local government committee for scrutinising the bill. It is fair to say that it has not been the most challenging piece of legislation to scrutinise, and we have done our job well. It is our first piece of legislation on the committee. I think that the next piece of legislation on the planning bill will present somewhat different challenges. Yes, this is a technical bill. As I said at stage 1, at that time I agree entirely with the minister's remarks in his opening statement. For the second time, I can also say that I agree entirely with the opening remarks of the minister. I also agree with Graham Simpson's remarks as well. We will be voting for this bill at decision time. I did not rehearse the reasons why, but I want to use the next couple of minutes to reflect further on what we need to do to secure the human rights to affordable warm homes that everyone is entitled to. As I observed at stage 1, collective provision of housing has a very long history. In Edinburgh, for example, the Edinburgh Cooperative Building Company was established in 1861, made up of workers from many different trades, including stone masons, joiners, plasterers and plumbers. The poor state of housing in the old town and soaring prices in the new town meant that Edinburgh artisans were in desperate need of good, quality and affordable housing, so the Edinburgh Court of Building Company set about building their first colonies at Glenogle Park in Stockbridge, and the 11 terraces were completed between 1861 and 1872. Indeed, I think that some members of this place and certainly the House of Commons live there. Offering an alternative to traditional tenement accommodation in the colonies were intended to be flats that felt like houses, so each family would have their own front door and garden, and the co-operative nature of the... Mr Wightman agree with me that it is good to see the likes of the Port of Leith Housing Association develop new colony housing in the Leith Fort area. Indeed, I have visited that and it is very impressive. It underscores the need to have much much more public-led development of affordable housing to a high standard with good design. The co-operative nature of the building company is reflecting the motive, a beehive, the fact that workers could buy shares in the company and the dividends of which could be put towards purchasing a house. Over the past 150 years, there have been many other examples of co-operation. Housing associations themselves have played an important role in the housing stories since the recognition of housing associations in the Housing Scotland Act 1974. In a debate like that, it is important to acknowledge the good work of housing associations, particularly rural social landlords such as Lochaber Housing Association and Waverly in the Scottish Borders, as well as the many urban organisations. Although today we affirm the value and validity of housing associations as private organisations, we should also be mindful of the need to broaden out the debate on how to provide affordable homes, reflecting, in part, on the history of the co-operative movement and housing. We need to resurrect the co-operative principles of the past to refresh for the modern era by making the legislative policy and fiscal changes to promote them, as well as other models such as co-housing. As Mark Griffin pointed out, we need full democratic involvement of tenants in housing associations and council housing. In the private sector as well—this is important—we need radical reform. In Sweden, for example, the Swedish tenants union collectively bargain with landlords across the whole of Sweden over the rents of 1.4 million tenants. That is the kind of gold standard for tenant participation and rent regulation that we should be aspiring to in this country. Those are the kind of next steps that we need, and I look forward to engaging with members on that kind of debate over the next couple of years. Meanwhile, I agree with the general principles of the housing amendment Scotland bill, and Greens will be voting for it at decision time. It was a privilege to be convener of local government committees. The bill made its way through the committee stage within the Scottish Parliament. I thank my fellow committee members, and all who give evidence to the committee, including Mr Stewart, as minister of the constructive and collegiate way that we approached the rather technical bill. However, legislation has to be passed. Otherwise, as we have heard, the Office of National Statistics would have reclassified RSLs in taking the Scottish Government's maximum borrowing limits permitted from £3 billion to £4.5 billion. Something because of the constraints of the current devolution settlement would simply be illegal to do. Cuts elsewhere would be required to be made, and it would impact, as we have heard among other things, our 50,000 affordable homes target. That is just factual. The bill also has to limit the power of intervention by the housing regulator. It has to limit the presence of local authorities and influence over registered social landlords. I am glad to see that it has to now have a sunset clause, because we do not know whether that will do, as it says in the tin, to pass the legislation, and then the way in which the NS will make a decision. The Scottish Government needs that power to act after the legislation has passed to make sure that we have that right. I am delighted that there is now a sunset clause in relation to that, as well as to limit the Scottish Government's power, so that they are not open-ended. However, just as important, I am delighted that UK finance is very supportive of the legislation. Despite the significant contribution that the Scottish Government makes to investing in social housing across the country, housing associations, registered social landlords still have to go to the commercial sector and borrow money to make up the shortfall to invest in that housing development. It is vital that UK finance has confidence, but we should have confidence that we are registered social landlords, given that those additional freedoms give them the freedom to flourish. I would like to point out ways that they are already doing that, but I should point out, as a constituency MSP, that any constituent of mine's opinion of a social landlord is their last interaction with them. Sometimes tenants only get involved with social landlords when they have an issue. Sometimes we get a slightly nuanced or jaundiced view of registered social landlords in the country, but I am delighted that, in my constituency, there is a significant success story of the wider role of social landlords that they can do more of after the legislation. For example, the freedom to flourish for me means that NG homes in the north of my constituency can continue to invest in something called the Pitch Stops project in partnership with the School of Hard Knocks, which gets people furthest away from the employment market together to do a variety of teamwork efforts using rugby as the thread that runs through the activities that they perform to get them closer to employment and have a huge success in my constituency, or the sports coordinators that they appoint. The Scottish Government does not have to intervene on registered social landlords because they are doing pretty well already, and that is the experience in my constituency. They know their community's best, and that gives them the power to do more of that. For example, the Queens Cross Housing Association in my constituency has identified poverty in the area, not just for tenants but for wider residents, as a real action that they take in the local community to help their community. I could go on at length in relation to the variety of benefits that registered social landlords provide to the various communities. I will not, because I know that we will start to say that we have some time, but let me tell you some more then. Excellent. I think that registered social landlords have to be empowered more to do more in relation to the regeneration of our communities. Royston, for example, Copperworth Housing Association, Spireview Housing Association, Blockheham Housing Association and Glasgow Housing Association are in effect doing a local place plan before they even become a statutory footing under the planning bill in relation to regenerating their communities. They know their community's best, and Carder Housing Association are doing similar in Carder with their emerging Carder vision. I will leave it at that in relation to the good work that Housing Associations are doing, but we have nothing to fear from the bill because registered social landlords are already doing a fantastic job right across my constituency and right across Scotland. The bill is a technical bill to allow them to get on with doing that and making sure that we continue to invest in our communities and our social housing stock the length and breadth of Scotland. It is difficult to see what else can be said in terms of the consensus that is in the chamber with the bill, but I thank the minister and the local government committee for the work that they are doing. As Kevin Stewart said, although it is a technical bill, it is a bill that is absolutely necessary. If we were to lose £1.5 billion or £3 billion investment that is much needed in Scotland, that would create a major difficulty given that we equally all agree that, as Shelter has set out many occasions, there is a housing crisis in Scotland that we need to tackle. I know that the minister is absolutely committed to working with local government to make that happen. Indeed, I was reading this morning the review of the strategic investment plans for affordable housing, which was published by Shelter in February. It suggests that we are on track in building those much-needed houses. I want to highlight that the housing associations—certainly in five, where is my experience—have, as they have built new houses over the last decade, looked at houses that are there for people with specific needs. Housing associations have been good at building specific housing for older people, specific housing for people with disabilities. As we know, the housing crisis is not just about the lackey housing, although that is the key factor. However, it is also that demographics are changing in our country. I thank Mr Riley for giving way. I agree totally that we have got to get the housing right for the needs of people in various areas. I am very pleased that, recently, in Fife and in Cooper, we have seen a new development in the Kingdom Housing Association building larger housing, more bedrooms for larger families and wheelchair-accessible housing. I want to see those schemes right across Scotland. I have made it quite clear that, in terms of subsidy, there will be flexibility in that regard for specialist housing and for those larger homes that are required. Alex Rowley? Absolutely. As Mark Griffin said earlier, although that is a technical bill, it has allowed housing to be debated yet again. There was a time in politics when housing was up there among the key issues, up the agenda, and housing at one point would have been so influential that it could have brought the Government down. Sadly, it slipped back and I think that getting that back up there. The specific needs housing that is built also has a knock-on effect, and that is where we need to look at the types of housing that is being built within the 35,000 social rented housing. I do not know whether others have had that experience, but certainly I have had an experience when doing street surgeries, talking to people who live in large houses that they have brought their family up in, and they then want to move to smaller houses, but the only thing that the council has to offer is flats.  The more we can build specific housing for older people, for people with disabilities, we will create a chain reaction that frees up houses for families and you actually get more out of the housing stock. I welcome the bill because it would have been devastating to have lost that investment. We have got that investment. Let us move forward and let us continue to build on the consensus in this Parliament that we should and we will tackle Scotland's housing crisis. Thank you, Mr Rowley. That is the end of the open debate. I call Mark Griffin to close for Labour. I am pleased that today's debate has confirmed that, given confirmation that, if anyone is needed at all, the bill will be passed and that social and co-operative housing will be protected. We have spoken again about the importance of and ownership of housing and are pleased that we have had that discussion. I spoke earlier about our ambition to hit Scotland's affordable housing target to deliver 50,000 homes by the next election. Although we would want to go further than that, the important thing is putting the conditions in place to deliver that number. The technicalities of the bill might be boring, but the legislation secures the Scottish budget and the investment that we can make in affordable housing, while ensuring that RSLs themselves can borrow effectively. The protection of the Scottish budget also ensures that local authorities can secure grants and deliver social housing to Central Scotland. North Lanarkshire Council has set out its plans to deliver 5,000 new homes by 2027. Those homes will provide a warm, safe roof over the heads of Scotland, poor as families but do so affordably. That is why we have to set the right conditions to deliver those homes. Housing associations and co-operatives proceeds can go back into the system, not to landlords or by-to-lenders, and workers in North Lanarkshire across the country will benefit from the boost to jobs. It has been a busy week for housing. The Parliament has begun its debate on the minister's planning bill. The Government has been lobbied to put ambitious finishing touches to the warm homes bill. I dare say that the minister has more vigorous legislative challenges ahead, which are key to delivering those housing targets. However, the bill is just as much as any other piece of legislation that is vital to secure much-needed homes. I am glad that we have set out our agreement to protect part of our housing system today. I now call on Kevin Stewart to wind up if he could keep going till 4.30. I would be most obliged. Mr Simpson has obviously not taken his opportunity to wind up here today. I did not expect to have eight minutes, but I am sure that I can keep going. I do not know if I will wax lyrically, but I will keep going until 4.30. I am grateful to members right across the chamber for their helpful and constructive contributions to the debate. Again, I would like to thank everyone who has been involved in the bill. In some regards, it has been easy for us as parliamentarians to scrutinise the bill. Please give a little thought to my officials who have had to deal with this piece of legislation, which is actually more complex than many would think. Although it is highly technical, it requires a lot of work. I thank my officials for their effort in that regard. I really appreciate the cross-party support. It is going to be easier for me, in this occasion, to put through stage 3. It may well be in the future, but we may have consensus on other things to come. As everyone knows, this Government has a clear and defining reason for making housing a priority. Providing good-quality, warm and affordable homes is vital to create a fairer Scotland, to secure economic growth and to support and create jobs right across our country. At the heart of that, it sets our commitment to deliver 50,000 affordable homes over the course of this parliamentary session, with 35,000 of those for social rent. I will give way to Mr Wightman. A couple of weeks ago, the First Minister confirmed that the Scottish Government's target is to build, and I stress build, 50,000 affordable homes. Is that the minister's understanding and will the report against that target be a report on how many have been built? I want to deliver more than 50,000 affordable homes. I can only do that with the co-operation of local authorities and housing associations. One of the things that I have been known for is a level of flexibility around local authorities meeting the needs in their areas. Some local authorities will buy housing off the shelf, and they will buy back to allow folk to move, and I am not going to stop that flexibility. However, I hope that our £3 billion worth of investment will deliver much more than that 50,000, and that we will see many, many more homes built right across this country, including the housing that Mr Riley mentioned in his speech, housing for varying needs, housing for disabled people, larger homes. Again, I rely on local authorities and housing associations to make good use of their knowledge through housing needs and demand assessments and local housing strategies to deliver for all the people of Scotland. I am really pleased that we had the opportunity to debate some of that last night during Joan McAlpine's member's debates. Those debates, I have to say, are becoming more and more consensual, and I am very pleased that that is the case. During the course of the last parliamentary term, we delivered over 33,000 affordable homes. That was 10 per cent above the 30,000 target. That was a great achievement and one that this Government intends to build on with the co-operation of stakeholders. We are making good progress on our target, as Mr Riley pointed out. The shelter report shows that we are on track, so it is not only me and the Government that is saying that we are on track. Stakeholders are saying that we are on track. However, we cannot be complacent. I will never be complacent in that regard. Recent statistics show that approvals for new housing association homes are up 33 per cent on the previous year, laying the foundations for a pipeline of proposals capable of delivering against the remainder of the 50,000 target by 2020-21. At a local level, there are some really good examples of progress to increase the pace of delivery, the use of public sector land to deliver over 200 affordable homes at the Craig Inches site in Aberdeen, charitable bond donations to deliver homes for social rent, and the expansion of housing association activity into new geographic areas, for example Cunningham housing association moving from the traditional area of Ayrshire into Dumfries and Galloway. Housing associations have joined up with others in order to provide agency support for partners with limited or no development experience. That has allowed more partners who can provide affordable housing to enter the programme and to provide efficient ways of working together to increase affordable housing. Housing associations and councils have also partnered with developers, and Housing Infrastructure Grant has been used to unlock housing development in many parts of the country. All of that is, of course, a testament to the hard work and determination that is shown by the sector, and in particular housing associations, whose role is absolutely pivotal to achieving our challenging target. Their role is not just about providing good-quality housing and services for tenants or building new energy-efficient homes. It is also about creating jobs, supporting vulnerable people and acting as an anchor for some of the most deprived communities in Scotland. I will take Ms Adamson. The minister will remember attending an event at the BREs in Ravenscraig with myself, showing some of the innovations in specialist buildings for people with disabilities and people with dementia. Do you like to expand a little bit on some of those initiatives that are happening? I certainly will, Presiding Officer. That was a very good visit, which showed that it could be done to make a house dementia-friendly. We have got to ensure that we use what we are learning in the likes of BRE and in other places, and ensure that the technologies and knowledge go into homes. That way, we can keep people at home and independent for longer. I am sure that that is something that all of us across the chamber want to see. In summary, Presiding Officer, what is bill is indeed technical in its nature. It makes very important changes that will enable us to continue working towards our ambitious housing targets. I am therefore very hopeful, after hearing the speeches today, that Parliament will pass this bill unanimously come decision time. I hope that our next debate on housing is as consensual as this one. Thank you very much minister. That concludes our stage 3 debate on housing amendment Scotland Bill. It is now time to move on to decision time and there is one question to be put as a result of today's business. The question is that motion 12483, in the name of Kevin Stewart, on the housing amendment Scotland Bill at stage 3, be agreed. Because this is legislation, we shall move to division. Members should cast their votes now. The result of the vote on motion 12483, in the name of Kevin Stewart, is yes 114, no 0, there were no abstentions. The motion is therefore agreed and the housing amendment Scotland Bill is passed. That concludes decision time. I close this meeting.


All right. Awesome. Thanks for the overview. That was excellent, Josh. I always learn new stuff even when I'm seeing the, like, refreshers and things. What I'm going to go over today is some tools that will help you design new CEP clusters. So it's tools that we developed at OS Nexus to help customers and our partners and our solution engineering team come up with new designs for customers. And so the big challenge that we had for so long was we were burning a lot of time building solution proposals for customers and then just a small change like changing the hard drive from a 16 terabyte to an 18 terabyte size would completely change the whole design in the cluster because now you need to maybe reduce the number of nodes or adjust the RAM or all kinds of different things can change with just small adjustments to a cluster design. And so we came up with this design tool back in 2018 and then have been just steadily adding various improvements to it and a lot of hardware to it. And so today I'm going to go show you how to use the design tool, where to go find it online, and then just do some general Q&A on it. It's an evolving utility. We're going to do a blog article with CEPIO to get it out there onto the main site here soon. But if you have any input, my email address is on the last slide, please feel free to send me some suggestions or if there's some additional hardware that you'd like incorporated, just send me an email. We can get that added as well. So the initial part of coming up with a new cluster design is you've got to decide what are you going to design it for, you know, because if you're going to design it for block storage with triple replica and all flash, you're going to design it in a completely different way if you're using it versus using it for like a large object storage archive. So once you have your use case and the usable capacity that you need to design for, you can go right to the design utility and get started. And so I'm going to go through like a design process of making a six petabyte object storage cluster, you know, with around 20% compression expected and using the design tool. So that's actually all the slides. I'm just going to now cut over to the design utility and we'll kind of do the rest from there. So and this is accessible again through just that that address at the beginning. I'll bring that up at the end, but we've got a little link that'll take you to the site, which is link.osnexus.com slash CEP, but we'll work on getting it on the main CEP IO site. I'm going to zoom in a little bit so it's a little easier to see. And basically everything that you change in the design goes into this URL up at the top. So as you go and change the design, if you need to send the design to somebody, all you have to do is take the URL at the top, copy and paste that in your email, and then you can suggest the design. They can make changes and then send a URL back to you. So there's nothing that you have to say, just grab the URL and exchange that with your friends or your internal team to go and narrow down on a design. So I'm going to go through the six petabyte example and start by putting in the six petabytes at the top. That's the target capacity. So that's what the design tool, everything that we adjust from here out is going to make sure that there's six petabytes of usable capacity. So if we change the drive size and make it smaller, it's going to add more nodes potentially. And all those kinds of things are just going to auto adjust for you. All the summary of the design is over here on the right-hand side. So you can see the usable capacity, the amount of raw capacity, the whole server specification, and the device specification. So this makes it really easy to go from a concept to a build of materials that you can work with your VAR or your distributor to go and get exactly that hardware and not have to spend a lot of time, you know, narrowing down the details. You can say, this is roughly what we need. So let's now like pick another server here. All of the various systems that we've certified at OS Nexus are in here. If you've got some other ones that you'd like to add, just let us know. But here I'll just cycle through some of them. There's some Cisco in here. There's some Dell systems, HP, Supermicro. The Seagate systems are in here. I don't know if you know, but Seagate also makes a server system that through some blades, these server blades that plug into their JBODs these days. And let's go to like a Supermicro high density chassis. So if I go and bring up like a 60 bay, that's a good one for a high density object storage cluster.  We've also put in some hard drives in here that are a little bit higher capacity that aren't quite out yet. Oh, yeah. Thank you. Yeah. Zoom in here. That will better. There we go. Thanks. So there's some 22 terabyte drives, and we're adding more more selections here as manufacturers come out with larger capacity drives. So once we've chosen a drive, you can see that it's using up 56 drive slots per node. And then this is the number of slots being used for the right log and the pool metadata. So there's a bunch of checks that we've added into the tool. So let's say that we definitely want one SSD for the metadata offload. But let's say that we went too low and said we want zero right log and metadata database devices. It's going to start popping up some warnings at the bottom saying that it's out of balance for this cluster. And that's based off of this 2% metadata slider. So you can tell it based off of how much metadata space you can expect to require for a given cluster. We started at 2%, which is pretty conservative. But if you, for some reason, need to design the cluster without adding any SSDs for metadata offload, just set this to zero. Otherwise, you're going to see this red text at the bottom, you know, because it's trying to make sure that you get the best design. At OS Nexus, we kind of have some rules on how we deploy these clusters. And one of the things that we always do is we always have a pool metadata device for object storage config so that the cluster can rapidly rebalance the bucket index pool. We also mirror the right log. And we do all this stuff in the Quantyser software. But you can, you know, design this in different ways depending on what your design goals are. So these sliders here are per node. So when I set it to one and four, that's the number of devices per node. And then this RAM device ratio, we're automatically adjusting the amount of RAM based off of, I think it's four gigabytes of RAM per OSD if it's platter and six gigabytes of RAM per OSD if it's SSD. So you'll see the whole server specification dynamically adjust as you change your design around to incorporate the right amount of RAM. If you feel like it's a little low, just adjust this, just take the slider and move it up and it will add more RAM. You can see that right now it's set to 384 gigs of RAM. If we needed more RAM on this design, we just increase that to 1.5 or something like that. And then this metadata data ratio, as I mentioned, this is just being able to set how much metadata you expect the cluster will need out of the full metadata device and the right log device. So as I mentioned, we generally set that to two or 3% to begin with. And once you've gone through all that, you can choose a storage layout. So on a cluster like this, we're shooting for six petabytes, you can see it's got eight nodes. And we've chosen four plus two erasure coding. If we were to change this to a replica based design right here, you're going to see that it increases the hardware a bunch. Now we've got 16 nodes. So it automatically adjusts all that stuff for you. There's some fun stuff in here too. We give it a rough estimate of how much power is going to be required based off of some averages that we see for servers. And it also adjusts the power requirements based off of known average values for hard drives and SSDs. This is also a fun thing that was just added recently, which is the estimated write performance and read performance. This is in our studies of our own cluster tests with partners, we've seen roughly around 60 megabytes per second per additional hard drive that you go and add to the cluster, and around 300 megabytes per second throughput for every SSD that you add. Now that varies quite a bit, depending on the media type, and the manufacturer and all that. So take that with a grain somewhat of a grain salt, but that's pretty accurate from what we get. And so it just automatically estimates the performance by doing that map for you and giving you a rough number. So in this case, the six petabyte cluster should see around 26 gigabytes per second in total write throughput aggregate. This is another fun thing in here is the minimum networking and recommended networking. When you set up like a replica three, you got write amplification. For every one megabyte, you write into the cluster, you're going to get three megabytes spread across all the nodes, across all the OSDs. And so if you were to set up a networking, so you've got a separate front end and back end network, so you've got dual 25 gig on the front and dual 25 gig on the back, what you'll find is that your front end network is not going to saturate, but your back end network will saturate and kind of have things out of balance. So what we've been recommending for a long time is to bond those networks together so that you can have this 25% of the available bandwidth go to the front and that 75% to the back end and have the LACP bond and network sort of just share the available bandwidth so that you get a nice even bandwidth or even distribution of the available bandwidth between all of your network ports. In some cases, of course, you can't do that. There's maybe security reasons why you might want to have two separate physical network bonds for your cluster, but this basically goes and estimates exactly how much network bandwidth you're going to need for the cluster design. And if you shrink the cluster down and it's like 2U12 base, you'll see that it'll adjust it down to 25, dual 25 or dual 10. If you go up to an all flash config, it'll automatically estimate all that stuff for you. So it's doing a fair bit of algebra behind the scenes to go figure out what the optimal networking is. So we'll go back to like maybe a six plus two because we've got eight nodes and so that can be the most efficient. We don't have all the erasure coding levels in here. We intentionally left out like single parity. We just are a single coding block. We don't recommend anybody ever deploy a CF cluster with a single coding block. Start with at a minimum two coding blocks and four plus two, six plus two, eight plus two, whatever you need. But just for overall long term health and maintenance of the cluster, it's a good recommendation to not have a single coding block. And so we've kind of put some guards up in the tool to make sure that you get a great design. We'll probably add some sliders later on so you can just move the K slider and M slider to control that stuff. And then the last bit is this section on the storage configuration. Let's say you expect to be able to get a lot of compression. You can move this slider around and it will automatically you can see these numbers over here change and you'll see that it needs a lot fewer disk drives as I increase the compression rate. If I bring it down to zero, it will require more and maybe even add an additional node. And then one of the other key things in a CF cluster is making sure that you've got enough space for backfill. That's your virtual hot spare space effectively. When drives fail OSDs get kicked out of the cluster. It's got to find space in the remaining OSDs to go and rebalance the data across. And essentially that's your backfill, you know, reserve space. So the slider is by default set to 10% and you can just slide it to the left or right. We recommend don't ever, you know, generally set the backfill less than 5%, but 10% is a good starting point. And then the reserve drive slots is just a way where you can reserve slots in the chassis to kind of force it to deploy more more chassis and things like that. So if you want to reserve 50% of the slots for a future expansion, you can do that. But that's that's basically the whole design tool. And then, you know, again, that when you're done with the design, just take the URL and send it to whoever you're working with on the design. And they'll be able to see it and adjust it and work with you on it. All the hardware device specifications here, all the server specification stuff is in there. We also adjust the processors as well. So everything's kind of really dynamic in the server specification. We're going to get a bit fancier with that in some future updates, especially some of the research that Mark Nelson did was really interesting around how to get the most IOPS out of your CEP cluster. And we need to incorporate some of that into the tools so that you can have a slider saying, hey, I really need a lot more cores because I'm focusing on an IOPS configuration versus a throughput configuration. But that's it. That's everything I want to go with. General, anybody with questions? Yeah, it's link.osnexus.com slash sap. And let me bring that. I'll bring that slide back up right there. Yeah, we have some some partner. If you go to if you go to the super micro website, you'll also find the tool embedded there. And we've got some some version for it as well with Seagate. So some some of the different hardware manufacturers that we work with really trying to promote stuff out there with those manufacturers make it easier for them to go design stuff clusters. And then our software platform just really makes it easy for those manufacturers to really put stuff into into production. They'll roll that out on their hardware with with Quantistor. Quantistor, you can get access to through our website. If you go to osnexus.com, there's a downloads and a try now and there's a community edition of the product as well. So yeah, yeah, go ahead.  That's a really good point. You know, I, we highly recommend using nearline SaaS whenever you can, because it's just not much in terms of price difference versus enterprise data.  So we intentionally left out NVMe versus SaaS media in there, mainly because that we didn't want to pin it to something that wasn't preferable for one manufacturer versus another. Maybe somebody's trying to do a SATA based design. And if we put the SaaS in there, then they would be like, well, it's all just about right, but the design tool is off. So we've just kind of left out the interconnect information. But certainly with SSDs nowadays, everything should be NVMe. You're especially important for things like the right log, because you need about 60 megabytes per second, roughly for every hard drive. So if you put in, if you're building like a 60 bay unit like this, you can 60 times 60 or 3600 means you need 3600 megabytes per second of throughput. You could do that with two mirror pairs of NVMe drives, but you need a whole lot more if you're using SaaS or SATA. So we just really highly recommend using NVMe for the right log and metadata offload and everything. And it's the nice thing, too, is that we're finding that the NVMe drives are lower costs, although Seagate and some other manufacturers have some that are pretty close to price parity with the NVMe. But definitely great seeing the latest generation of PCI-4, PCI-5, CLX type SSD NVMe devices coming out, because now you're going to be able to do a right log with a heck of a lot less storage devices, storage media. All right. Thanks for questioning. Yeah. All set? I think we have two stars in the next one. All right. Awesome. Thank you, everybody.


So we are at 12.15 now so I am going to start the webinar officially, so I just had a quick question at the beginning of the webinar here which was which books are good for learning some market analysis, I am a charter technician I had to read a whole number of books in order to get that designation a lot of them on specifically on technical analysis so there's a lot of books with technical analysis in the title which are specifically pertaining to how to to read the charts so yeah someone who's read a few I certainly recommend those the the sort of Godfather if you like of technical analysis there's there's really a couple Martin Pring so maybe I should just write this down into the general chat window here Martin Pring and Murphy I'm actually googling here because the other Godfather is Murphy I'm trying to remember is John Murphy these really if the funny thing about these books is that I've read multiple but I always come back to these and you learn something new every time and I just keep thinking actually you know you if you if you read and really understood all things in the books that these guys have written on technical analysis you're pretty much covered it's got all you need for the kind of simple analysis that can be used to build a trading system that you can consistently trade and hopefully profit from in terms of fundamental analysis if there's such a wide gambit there's so many different approaches to to investing and trading obviously all of different times of time horizon I would say maybe the first step would be determining whether your interest in value investing which is buying at lower depressed prices or or more like momentum trading or momentum investing growth investing where you're built you're buying something that's already going higher in the case of a stock of company that's already growing and you're just you know you're basically trading on the idea that that's going to keep going so I rather than a listing at numerous specific books I would say sort of you know which one of those kind of make some sort of intuitive sense to you the value investing one is tough particularly on a sort of trading type environment because you know we're you know the way we do the trading here is you know we use often times use some leverage and we're trading typically on shorter term moves and it's difficult to determine the long-term value of a company within the short term often you have to kind of ride out a bit of pain so someone like Warren Buffett can do that very well but you know if you've got more of kind of the shorter term trading mindset obviously just for most of us distinctly less funds available to trade than than Warren Buffett then actually sometimes that value investing approach isn't as appropriate and trading does lend itself a bit more to momentum investing what I talked about in these webinars a lot is the support and resistance which can sometimes trigger excuse me a breakout and and some some new momentum coming into the market so I'll try and touch on that a bit when we get into it so with through those terms and conditions there on so I'll bring up the trading screen the way I typically work things through here is that I mean I've got various watch lists that I have set up on my screen but the the the default here is is the indices effects and commodities I'm going to start with the indices which have been interesting of late particularly in US markets because we're we're in record highs in the Dow Jones industrial average and the S&P 500 as I'm sure you know so the question is can this break out to record highs sustain itself are we looking actually at more like a fake out so you can see just looking at this weekly candlestick chart which can be good to even if you're trading short term just to have a quick check at the start of the week of the the market you're trading to give it give yourself an idea you can see that the momentum is slow look at the massive turnaround from the Brexit lows right up to 18,000 in the Dow and we sped up in the next couple of weeks but really ran out a bit of steam last week you know still made gains but not really quite not not nearly quite as impressive but it does that mean we're just looking at more steady gains going forward are we about to roll over so looking at this chart you can see we've broken out of this trading range that we've mentioned in every webinar for for years now but we can gain a bit more detail by dropping down to the daily chart one thing that I'm looking at when you record territory obviously a bit target to a bit difficult rather to target specific numbers on the upside because we've never been there before so there's no previous price action above a record high obviously so one thing you can use is this Fibonacci extension you can find that here down in the draw tools not a retracement but an extension in this case because we're in an uptrend draw off a the second to last low to the peak to the last latest low and then it gets you up to a projection point and so this is the first one actually it's the I think actually lost the level there but it's the it's let me draw in again I've drawn it is right at this 1800 mark so if I hover over here I can edit this indicator what I can just put in is 61.8 so it's the same Fibonacci levels there you can see it's pretty much at this 187 I've got so a round number confluence and the 61.8 level here's the hundred percent so it's kind of like this move again from here would take us up to nineteen seven two two so that's a really big bull market type scenario obviously that's that's just pushing well into a nice new uptrend so if we get through 1800 you know that's obviously what the big round number of 19,000 in the way but that could be an eventual target up there at 1900 and you know just because we're in record highs don't believe we have to drop again we don't it's certainly you know every every new bull market starts with highs getting taken out it has to obviously so the moment short term we're still very much in a in a kind of bullish scenario we've broken out of the old range where prices are trending higher signs of a bit of a lost momentum but if you look at this daily RSI we're above the 60 that was resistance we're pushing up towards the 70 level so still more room to go because we're not overbought the event risk this week are I would say to mention to my mid-morning note there's sort of two things I think needed to keep this this bull run going is earnings they're expected still to drop year over year corporate earnings particularly in the US but there a lot of the results are coming in ahead of expectations so the drop is not quite as as big as somewhere expecting and so if results could keep coming ahead of expectations that's a good thing secondly we've got two central banks this week the Fed and the Bank of Japan the Fed what we want to hear is the fact that they're still sort of steady on there on their policy outlook so they're not going to make any heavy hints that they're fed that they're about to raise interest rates anytime soon they probably are just going to kind of change the language a little bit because of the last non-farm payrolls result was a big turnaround so the June non-farm payrolls was back into the 200 plus territory whereas obviously in May it was they the US economy barely grew any jobs it was a complete aberration it looks like at the moment but obviously it was a bit of a reason for concern at the June meeting at the Fed so what we probably want to hear them say is that yeah the jobs outlook has improved a bit but we're still a bit uncertain and you know we're going to try again we're going to keep monitoring things so that that probably isn't going to be you know he says much of a market event for the Fed as long as they don't as long as they're vaguely positive on the economy but don't signal too aggressively they're going to hike rates that that shouldn't be enough to stop prices going higher in my opinion the other the bigger one unusually is normally the Fed is front and center this week it's actually the Bank of Japan where early on Friday we'll find out whether they actually ramp up their stimulus for the first time in a while they cut rates and that wasn't received too well now they the government in Japan has been re-elected got a new mandate to double down on this policy of fiscal and monetary policy stimulus so it looks like they're going to pump a lot more yen into the Japanese economy via spending programs and they'll also going to potentially cut interest rates more into the negative but I think what the bigger hope here is that they're going to do more QE to buy more government bonds municipal bonds and even in in Japan actually by ETFs as well so look at the US 30 here but probably the biggest direct beneficiary would be as we've got it here the Japan 225 so keeping the kind of chart analysis in mind if you think the Bank of Japan are about to ramp up stimulus what you're basically eyeing up here is that this range that we've been in for a while is going to get broken so the top of this range is just shy of 18,000 on the Japan 225 on the on our proxy for the Nikkei about 17,000 at the way at the moment so you're basically wagering on 17 breaking 17 to 50 ish breaking which was a bit of a sort of interim level and then up to those eyes again because Japan obviously goes without saying that Japan's Japanese stocks are going to benefit if their central bank actually start directly buying stocks or alongside other risky assets or more of them I should say what's the chance of them doing that it seems high that's the general expectations that they're going to do something the other the other consideration here is helicopter money because what the Bank of Japan have done so far hasn't really worked so there's the just there's a possibility that even if they increase QE the markets could be disappointed because they haven't done helicopter money that's basically giving money directly to the public for them to go out and spend on the economy and rev up growth and inflation so helicopter money will be the other element here it's it was last week we had a few rumors to wing and throwing I'll swap around out of stock indices into currencies temporarily this is obviously the big other big one to watch is that the Japanese yen head of this policy announcement last week we had there was an interview from the BBC saying that that's corroda the Bank of Japan had ruled out helicopter money that the yen rallied on that but then it's later sort of transpired that that interview had happened before the election in Japan over a month ago so it was out of date so we're unsure where we stand so it's possible that even though just over a month ago he was against it things have changed enough that he's now for it and if you read my colleague Michael Houston's morning note you mentioned he mentioned how when negative rates were first introduced he had said three days before he was not a fan of negative rates and then introduced them so there is a slight precedent here in in Japan at the central bank of kind of trying to shock markets so the result here would be a drop in dolly end and we're at some big resistance drop in dolly end so if they actually introduced something there would be a breakout here in the double in the dollar yen yen yen going down in value and the dollar going up in value and so we have a potential double bottom pattern here of sorts where a low which is a big number 100 has been tested twice and we're just right at so this was a trend line that was in place got a false breakout and we're back here and it works kind of two-fold so this is a different level if we push through it it's one of these examples of a momentum breakout we've broken through a significant level my feeling is that they would it would pick up steam and we could be we'd be up towards the 200 day moving average in and not you know in a pretty quick amount of time if the Bank of Japan step up the stimulus if they don't likewise I think we'll be heading to these lows pretty quickly because that will be you know that was the main reason for this rebound off 100 is that the yen is going to stop going up in value because the central bank's going to intervene so I'm going to flip back attention now to that the UK obviously the further we move away from the referendum the slightly out of focus the UK is moving slightly out of focus in terms of general influence on global markets we started around I'm always good to look at the big round numbers and so you can see that we basically started around six seven hundred but to me the move on Friday suggests that we're you know we're comfortably closed above six six seven hundred and the next natural test would be you know looking at some of these previous levels before we had the big drop-off you can see that we had a big rebound off of just above six six eight hundred six eight oh nine and that worked again as a level back in July of last year's just a year ago obviously and so we're looking to push into the highest we've been in a year on the on the fifty one hundred and to me you know it looks like obviously dependent on the this week's events that we're going to do so we've broken this trading range and so you might say well the markets high here but you know benefit of hindsight we can say even if we bought on that big breakout of those highs discounting this small discount towards that previous peak here we've still made further ground because that people have bought on the momentum of the breakout of the old range and if you use the height of this range as a gauge so basically you could say conservative five eight hundred to six five hundred is a seven point seven hundred point range so you'd be looking for seven two hundred and and pretty much back at the yeah back above in above record highs if it's a one hundred if you protected this old range from where we broke out looking across to to Europe a fairly clearly defined downward sloping trend line here I think if we get a close above this trend line again that's that's a you know it's not a horizontal resistance at this point it's down sloping I think that would probably take us to ten five hundred and the highest that we've been in a year if if we can succeed in a breakthrough there again the momentum high higher lows being formed in the RSI and then moving above the previous peak just about getting into that old area so it's really about whether the resistant breaks at this point you know it's either the cell at the resistance failing or when the resistance clears it's you know to buy on the breakout so you know you can use different criteria for whether you know whether you believe that breakouts happened or is going to sustain you know see that's a matter for a specific trading system but this is certainly right where we are here is is the level to watch it looks to me given the fact that we're back about back above the 200 day moving average we this was the the gap lower after Brexit we've recovered that it looks to me like the market wants to go higher but again we have to we have to take out this trend line first so sliding over to currency markets we had to look at the end but let's have a look at the euro here because obviously last week we had the the European Central Bank and I it was notable on that day that the market was basically hovering around 110 which is obviously a big round number and that what we were watching for is you know can will the ECB disappoint with no more policy stimulus and if so if they disappoint and don't do anything to try and weaken the euro the euro should bounce it had a very modest bounce on the day and then actually you know pretty much moved into the lows and on the Friday dropped and closed below 110 for the first time in a while for the first time since you know if you look at closing obviously it's tested several times but never actually closed on Friday it did close to me that was a bit of a shift and I think RSI is drifting down we broke this rising trend of high momentum and the RSI here we dropped down on the Friday and you know of course we can have short-term bounces but to me that the trend now in the euro is lower so I think the natural area that we probably need to test if we're closing below 110 it's just above 108 where we had a strong rebound back in March looking at sterling we've got a potential inverse head and shoulders setting up here so this being the the left shoulder this being the head and then this being the right shoulder the action from Friday suggested this pattern may fail and so then really what we've you know again back to the round numbers concept is really to my mind what we're looking at here is is is 130 you know that's we tried to push lower on 130 didn't succeed and we bounce quite nicely but obviously there's still a fair bit of uncertainty about the effect of Brexit on the UK and on the Bank of England who have hinted that they're going to perhaps cut interest rates at the next meeting in August which will obviously be a negative thing for the pound and so still you know we've got that big bounce higher off the lows because 130 couldn't get taken out decisively but it was more of a sort of short-covering rally and people have sold into it so now what we want to see is this lower trend line pretty much holding perhaps with a dip down to 130 but then people buying at 130 again that's that's a round number that we're really watching if 130 gives up then obviously the next one is just the low right at 128 but if we do get some movement off these levels then the next one is then you know really logically the market needs to test the previous highs or perhaps just below them with this down sloping trend line connecting these two peaks here above there you know you're basically projecting the height of the pattern above so we could see a good old recovery in in sterling should this inverse head and shoulders take out you know happen I think back above that that low that we decisively dropped through should we get above this this declining trend line in this and this pattern actually does complete euro sterling is very much dominated by sterling at the moment and so you can sort of see that we've drifted very sideways at the moment even though it looks like we're losing momentum I'm you know would still be because we're making higher highs and higher lows I would still be biased towards going along the market because of the the general uptrend but I think if this trend line here which only has two touches on it but it's kind of the best thing we have to go by at the moment and think of that if that gets taken out to the downside then you've got to kind of change your change your outlook a little bit and expect a drop down to test the previous peak and then potentially this area down here below below 80 that was was causing a fair bit of resistance in the past so you know when you are trading maybe just one specific market maybe you even just keep trading cable pound against the dollar if you see the pound the pound dollar taking out that that neckline have a look across to euro sterling and see if it's taking out this rising trend line as well if that confirms it just adds a bit of credence to the trade it just shows that the the the pound is in fact gaining value not just against the dollar but you know it's a general sense of strength in the pound let's shift over to commodities one thing you know at the moment the oil has been pretty lackluster let me bring up the the Brent chart it's not really particularly going far but obviously we again with 50 is the big round number here and we just couldn't really gain any traction above 50 we didn't even get up to whether we got 52 and change and rolled over and so right now just as we as we stand on I believe the low on Friday was pretty much 45 45 0 1 so we've dropped right down to another big handle which is 45 so it's a round number you know we've we've tempted to jump off it before just ahead of it now we've dipped down right to it to my mind we're making lower lows momentum seems to be falling off we're holding at the moment but if this RSI drops this RSI 40 level drops in Brent and and we continue to take out and we take out this low to me it suggests that we're you know the momentum to the downside is picking up at the moment the truth on this short-term basis the trend is down and I don't think there's any signs yet that the markets about to turn around you really the best confirmation as the chart currently looks would be for a break above this downward sloping trend line would tell you that you're on the right side of the trend of course you can buy it lower and get it right but you know you kind of buying into the trend reversal before it happens if you are doing that the other big one is gold gold is a big mover around the the Fed meeting so if you're looking for something to trade on the on the Fed and I should mention that we've obviously got our Federal Reserve specific webinar as well that we're going to be holding but if you're looking for something specific on the on the day gold is a big mover and dolly and may not be as normally is a good one because we've got the Bank of Japan so soon afterwards dolly and maybe not but I would say sterling and Euro dollar would be likely big movers on this Fed meeting depending on what happens of course if it's if it's a neutral null event as I'm sort of thinking it probably will obviously the moves are going to be less than if something surprising happens but gold has been drifting off and losing momentum and I think it's you know it's it's happening it happened a bit later but it's it's happening at a similar time now as as oil the both dollar-based commodities you know there's a bit of an expectation that the Fed is just going to be slightly more hawkish at this meeting and the dollars gaining bit of strength I don't think they'll be that much more hawkish and maybe that will be the opportunity for gold to rebound we're a pretty significant level now one thirteen hundreds the big round number but if we pull up to the weekly chart you know we're obviously the the highs from January 2015 which we tested here and rolled away from broke above now you know this is this is how resistance works you know you break the resistance works once twice fails you come back to test the resistance as support and then it works as support and rebounds that's kind of the textbook theory obviously that you know doesn't always work like the textbook we can see thirteen hundred taken out if that does happen then my assumption is that we drop down to where the momentum shifts pretty dramatically here again on the old Brexit vote when gold spiked on sort of on the uncertainty of it all one thing one thing to note for me about gold is that given that it gold is all is a safe haven so when stocks are dropping and people are worried gold can go up but one of the reasons stocks would drop in the first place is that the Fed is maybe being a bit more hawkish and so that is a good thing for the dollar and so you know when when the dollars doing well gold is tending not to fair as well but also the thing you have to consider is that the gold is inflation hedge and if the Fed is looking to to raise rates they're obviously going to fend off inflation so I've covered the major markets I would typically look out here and we're coming into the half an hour mark unless there's anything extra that you want to take a look at I think we'll we'll call it a day about that thank you very much for for coming today and attending the web I'm much appreciated hope there was some useful insight in there good luck with the trading this we've got some big central bank action if you're trading into the individual shares not really looked at those obviously but a lot of earnings going on which hopefully cause some some movement in the wider indices as well thanks everyone Jasper signing out


To bring it back to venture capital firms, they might invest in 10 different companies with high expected values because those companies can grow to a really big size. Now, probably about nine of those companies are gonna completely fail and one might make up the gains for the whole entire portfolio. And the venture capitalists are not gonna look at that fun and say, oh, we made the wrong decision on nine of these companies. They just know that there is expected value involved and most of those companies are gonna fail no matter what as long as that one hits and it gives them a thousand extra turn, it makes up for all the failed investments in the other nine.