So first of all, I wondered if we could talk about your kind of background in arts and sculpture and how your interest in art came about. I had always been artistically inclined from the time that I was very small. And I had an early love of comic books that facilitated my interest in graphic representation. So I would copy comic book pages and draw my own superheroes and make my own stuff up. And that kindled my interest in drawing profoundly, which contained out my childhood and into my teen years. And in high school, I became much more interested in fine art. I saw a very romanticized portrayal of Vincent van Gogh starring Kirk Douglas called Lust for Life. While I was at a summer program for art at a university campus. And when I was 17, and from that point on, I just wanted to become a fine art painter. But when I got to college, the painting department was less than stellar. This was at the University of the Arts in Philadelphia. Okay. So I saw the sculpture department producing some pretty interesting things. So I switched my major to sculpture and still vacillated throughout my time at college because I did switch back to, I switched to illustration for a semester, but then I switched back to sculpture again, semester or a whole year, I forget. I continued my sculpture studies in graduate school. During college and graduate school, I met a Russian, a Ukrainian born professor trained at a Russian Academy. His name was Leonid Lerman. And he was like my Obi-Wan. He sculpted better than anyone I ever met, drew better than anyone I ever met, had a completely different philosophy about sculpting and drawing than anything I ever encountered in college or grad school in New York. So part of my reason for wanting to go study grad school in New York was so I could be closer to him because he was in New York. So the whole time I was in grad school, I was taking classes with him and even afterwards. And eventually I decided to go study where he studied, which was at Russia's leading sculpture and monumental sculpture academy. It was called the Mukina Institute. At the time, its name has since changed. And I went there for two years. And then that was pretty much, I got married there, I had a child there when we came home after two years. And that's when I started my professional career. Wow, okay. So you kind of, you really went for it in terms of getting the training and the background. Yeah, I was in school for 10 years, yeah. Wow, okay. So during that time, did you learn anything about coin engraving or numismatic art? Well, while I was in Russia, that's where I was really, truly introduced to the prop way of sculpting relief.  And I was doing a metal design. And as an example, I stuck a quarter, just a regular George Washington quarter, Flanagan Quarter, averse, board. So I could see it as a guide. My Russian teacher, Svetlana Sergeyevna, who's since passed away, came up to me, picked the quarter off my board and showed it to the entire class and said, this is what good relief is. Look at this coin. This is how you do relief. And that really excited me. And when I was in college, being in, going to college in Philadelphia, getting a job at the Mint was like this, kind of like apocryphal mythical thing. Yeah. The former chief engraver, Frank Disparo was from Philadelphia and he did the reverse of the penny. And it was, I hate to use the word twice, but it was like, there was this mystic, mysterious legendary status about the Mint. So when I was in school, basically, there were just a handful of places you figured you could get a starting job as a sculptor. It was either the Mint, but that seemed impossible. There's a place called the Franklin, which was a private, it's a private, was a private collectibles. Yeah, fine art collectibles house. And then also this place called the Johnson Atelier, which did life-size statues and more as a foundry, but also sculpture studio. So those were the things that I always had in the back of my mind as an option. And the Mint always seemed like something that I wanted to do because I was told that I sculpted relief very well when I was in Russia. But again, it seemed like this mysterious thing. It didn't seem like something you could actually get a job with. Because, yeah, it's just, you know, it was like, yeah, there was a mystique about it, you know? Yeah, okay. Go on, sorry about that. No, no, so how did you kind of had that education? You went to Russia, you've spent 10 years studying. How did you then turn that into a career? Was it easy to find a job when you came back to the US? I came home and kind of looked around for about a month and I found a job at the place called the Johnson Atelier, the Fine Art Foundry. Okay. And there I helped with life-size figures and more for about eight years. And I was also, I also took the initiative to get digital sculpting software for our department when it was apparent that the organization was going digital. So I spent many years after work and on the weekends teaching myself digital sculpting software. And I also took a community college class in that direction. But, you know, I was kind of like thinking about getting a job in film or video games or this kind of thing. I didn't really ever see that, I didn't foresee that there was a way that I could leverage my new digital sculpting skills into a career making actual sculpture other than like somebody's assistant or something like that. Cause that's what I did at the Foundry. I would make models for famous artists but it would be their product, you know? Okay. So then the opportunity at the Mint presented itself and I took advantage of that and I started here in 2005. I think it was August of 2005, July or August. Okay. And do you remember the first coin you worked on? Yes, I did a design for the Utah State Quarter under the mentorship of future chief engraver, John Mercanti. He was not there at the time. He was just kind of like the unofficial department head. And he separated my design along and it actually got picked. So I sculpted the Utah State Quarter. And following that, my design for the George Washington presidential $1 coin, the golden dollars that were kind of popularly known. I did Washington, I did Jefferson. I think I got Martha Washington, Shoo, Abigail Adam. I did a bunch of them. Or my first year, I did a bunch of coins my first year. And one thing that was interesting is the Mint made me sculpt them all traditionally because they wanted, before the Mint, I think before, rightly so, digital having been so new at the time and me being so new, they wanted to make sure that I understood the fundamental principles of relief sculpture for coin making before they would allow me free rein to just go digital and do my thing. So I learned a tremendous amount, even though I had a lot of experience sculpting stuff relief traditionally, I learned a ton of stuff about coin making that first year when I sculpted everything in clay and plaster. It was a great education. Excellent. So coming back to the kind of digital aspect. So you first got exposed to that in New Jersey, at the Johnson Atelier, is that right? It was in a Princeton, it was in the Princeton area. And I exposed my, I got exposed to the idea of digital there, but I was the one that I want to phrase this right. I pursued learning digital sculpture on my own independently, independent of the organization. The organization at the time had a pretty closed door policy about who it was letting into the digital department. So I had to teach myself in order to what I thought was going to be preserving my job. And it proved to be effective because the owner of the place kind of gave me a position as like one of the digital, as the digital sculpting resource for the organization. And it worked out well. It wasn't my favorite job in the world working there, but it was a great stepping stone. I was there for eight years or so. It was very difficult and painful in a lot of ways, but I learned a tremendous amount. And I was a lot of good people were there. Yeah, okay. So when you initially started using technology to sculpt, were you completely open to that idea? Was that something you wanted to kind of embrace? Yeah, I think having been born as part of the first real video game generation members.   Well, pinball of course, that's not digital, but you know, all the arcade games and all that stuff. And I always had an interest in technology, interest in space and stuff like that. But one thing that was cool was I remember when I was in grad school in New York, I saw an article in some art magazines about the production of portraits via scanning or scanning and then CNC milling, computer numerically controlled milling machines, which are like, it's like a regular mill, but it moves around in space on an arm and it cuts things out of stone or styrofoam or things like that. And that made that I saw, I just, it kind of felt like to me at the time that despite the fact that I was working in just with clay and charcoal and stuff like that, something spoke to me that I don't want to sound like I was prophetic or any pretentious stuff like that. But I definitely got a little twinge in my stomach saying that this was the future. Yeah, excellent. Okay, so do you think, or do you ever get either coin collectors or just kind of art critics or fans of art that think digital is somehow inferior to the traditional approach? I think in all branches of professional, I won't say fine art, but any type of professional art, say it's coins or collectibles or anything like that, there was a bit of a controversy early on as to what was better, traditional or digital. And I know I was met with, I know that it was met with some skepticism by different folks that I've worked with over the years early on in getting into it. But I think that that dialogue has kind of come to an end and it's been resolved very peacefully. And now it's more of a question of efficiency without a sacrifice of quality. And as long as like my goal, I started sculpting digitally for the mint, like my goal was like, I don't want anybody to be able to tell that this should be indistinguishable from something that was made by hand, the finished product.  I don't mean pull it off like a trick. I mean that we were successful in that endeavor. I was the digital, I did the digital sculpting part of it, but then they had the tooling side of the manufacturing part of the division that handled making the steel that to create the actual coins. And through a concentrated team effort, we were able to bridge the bridge, we were able to build a bridge to the future for the United States Mint. And I think thereby for the rest of the world because I honestly think with all due respect in terms of the developing an engagement of the digital technology early on, with all due respect, all of the mint and this might be my own ignorance as well, but I think we were a world leader and still are in our engagement of that technology. Not me or anybody else, just because it's everything, engravers, artists, you get a lot of credit and that's cool. You get your initials on the coin and that's a tremendous honor. I don't want to downplay that, but the reality of it is is every single product that's made by any mint is a team effort. And depending on the workflows of the respective organizations, it takes a small army of people just to get out the master tooling part of it. You know what I mean, right? By master tooling, you know, the stuff that gets disseminated throughout the rest of the mints so that facilities so that they can make their respective products. But other mints over the years from what I've seen, I'm not really really well-burst in the technical capabilities of our colleagues around the world, but I just see nothing but beautiful stuff being done all over. And I think it's just, you know, a lot of people get a lot of people, I think a lot of people on the inside of the coin world, some people wonder about the viability of coins and currency as a utilitarian product. But I think that this is perhaps the most exciting time in modern history to be working at a mint. And I think there's more potential than ever. There's more potential for incredible products than ever before. And I think there's going to be, you know, the collectors and fans of coins that have a lot to look forward to going into the future. But I'm no expert, that's just my intuition, that's just my feeling. Yeah, no, that sounds really exciting. And it could all be my desire for job security. Yeah, I guess so. No, no, that does sound really exciting. And one thing I wanted to ask as well was how does it compare working on something like a coin, quite intricate, quite small, compared to the other kind of sculpting you were doing, presumably you've worked on quite large scale. Sure. Well, the one thing, and I was just talking to a colleague today, one thing that's interesting is, you know, when you're working digitally, there is no scale, really, because you can zoom in to something that's like an inch in diameter and make it so it's 13 inches across on your screen, or zoom in to just the eye of a portrait, fills your entire screen. It's a completely different way of working. And even though the final product is sculpture, I think that the process itself is equally analogous to drawing as it is to sculpting, because typically you use a stylus and you're sculpting on a glass surface. And it requires, it relies on the gesture of your hand, the way drawing does. And you think in three-dimensional space the way you do with drawing, but you're making a form that ultimately is realized as sculpture. So it's an interesting challenge, you know? Yeah, excellent. OK, so I guess this might be quite a difficult question to answer, but how does the process work from the very concept of a coin right through to kind of you finishing or you signing off your parts of it? Is there a lot of preparation in terms of artwork and different ideas? Well, we're all artists here in this department and we get to submit designs along with our artistic infusion program colleagues. And then the drawings get reviewed by committees, the CCAC and the CFA. And based on their recommendations, a design is selected for a particular product. If it's your design, you get to sculpt it, or if it's designed by one of the artistic infusion program artists, then I assign those out and then they get sculpted. And some people work in clay and have them ultimately digitized. Some people work in clay and also in tandem with digital software sculpting. And then some people work exclusively digitally. There's no imposition on any. There's no requirement that anyone here work any particular way. The only requirement is that they work the way that's best suited for them to make the best possible product. And then once that process is finished, in tandem, the medallic artists, as they're called, as I used to be called, work in tandem with what are called product design specialists. These specialists are also artists themselves. And what they do is ensure the coinability of the design before it goes into production. So that's basically it. We have a very practiced. And successful pipeline in this side of in this corner of the mint. And we're very fortunate to be, I think, to be able to play the part in the process that we do. And it's a lot of responsibility. And everybody here takes it really seriously. Yeah. And how does it feel when you've gone through that process to actually see the coin or have one in your hand? I mean, it's always great. And it's easy to take it for granted after a long time up in your 15 years. But you never you never really take it for granted. You know, you see when you see something that you work really hard on and see that it's come out well, and it's going to represent, you know, not just the mint, but your entire country to the world. It's a great honor. And it it's always a great honor. You know, it's easy to take it. It's easy to take it for granted, but I don't think anybody who does. It could be easy to take it for granted. I mean, yes, yeah. So I know your your initials, Joe, on the penny that's used in the U.S. Is that right? Yes, that was the reverse of the penny was designed by a great artist and Lindell Bass. So that's her actual drawing and I sculpted it. But we what we typically at the mint when there's a designer and artist when they're separate people, entities, rather, most initials go on the coin. But if the sculptor was also the designer, then just that there's only one set of initials on the coin. I see. OK. So you ever tempted to tell people if you see, you know, if you're in the store and you get some change, you ever tempted to say, that's me? I did. I did some of that early on. When you buy or like, you know, when I'd be walking with a fine one tails up on the sidewalk, that was cool.  And I'm very fortunate. I guess, you know, I mean, I just turn 51 a little while ago and I've been here 15 years and I start to think about the long run, you know, my portfolio of what I've done. And that's definitely highlight, you know. Yeah, absolutely. And of course, becoming the chief engraver, that must have been something really special as well. Yeah, that's one of the greatest honors of my life in any capacity, professionally or personal. Yeah, fantastic. And where I mean, where you're aware of the kind of history of that role and also just the many coin engravers that have been active at the mint in the past. Well, I was here when my former boss and mentor, John McConte became the 12th chief engraver, I believe it was, when he was named 12th chief engraver by then director Ed Moy, I believe it was at the time. And so this is going to sound like self-serving, but even before John was chief engraver, you know, John served under Frank Isbarro and former chief engraver Frank Isbarro. And I hope I got that name right when I was talking about the apocryphal story about the penny. I may have said John McConte. But anyway, Frank Isbarro was the sculptor of the reverse of the penny. And John used to tell me that I reminded him. My mannerism is reminded him of Frank's. And John would, John would always say that one day I was going to be chief engraver. You know, he'd always tell me. And I just took it for, I was like, whatever, you know. And he was one of the first people I called when I got the job. And he just said, I knew it. I told you. Yeah, fantastic. What does the, sorry, carry on, Joe, carry on. No, no, go on, please. I was just going to ask what the role kind of entails. So, you know, making that step up, obviously a real honor. But is there a lot of responsibility that comes with it? Yeah, there's a lot more than I thought, honestly. I still sculpt and draw, although not as much as I used to because I have managerial duties that include art directing. Well, I expected the art direct. I art direct all the 2D artwork from the outside artists and the inside artists. And then I also art direct all the sculpting that's done. I also get all the assignments to the various sculptors and I have to meet the scheduled deadlines. We as a team have to meet them. But if a schedule benchmark is missed, it's my responsibility more than, it's not the artist's responsibility, ultimately it's my responsibility. So, you know, we have a pretty robust workload at all times and I take that responsibility very seriously to make sure the schedule is met with the highest level of quality. And yeah, I mean, basically there's a lot. There's a lot. I mean, it's not, but it's not overwhelming, sometimes a little bit for me, but it's not that, I feel like I've been growing into the world the longer I've had it. And I'm very grateful to have the mentorship of my supervisor, Ron Haragall. I mean, Ron really walks me through a lot of the, you know, I won't say pitfalls, but navigating the world of being a manager is a very particular skill set. Yeah. And I, Ron's an incredible manager, along with John McConte, he's one of the best people I've ever worked for. And he's really helped me get through a lot of the harder stuff and be productive and still be compassionate at the same time. And I also have to, I owe a great deal of thanks to director Ryder, David Ryder, for, you know, trusting me with this position, you know. He's also, he's got a great vision and he's done a lot for the Mint, I think in the time, I've been in 15 years. I know it's not his first time here, but as a director, I think he's doing a fantastic job. It's just a really great time to be here in general. Yeah. Just going on in the outside world. I know we're having a hard, that's the other thing that's really cool is that we've managed to stay, we're talking to another colleague about this. We are such a strong division and the Mint is so strong as a whole that despite what the world is going through, we've managed to stay productive and health.   And it's just a testament to all the people that work. It's not just this division, it's everybody that works at the Mint and every facility in any capacity. I always say that, I don't want to sound like rah-rah pretentious, but I mean, it takes everyone in this building to make the coins and metals that we do, you know, from the custodial staff, I'm not saying that they're any lower, but I'm just saying from the custodial staff all the way to the superintendent's office, every single person in this building and every other Mint facility are equally important in the process. Yeah. One of us can't do our jobs without the other, doing theirs. Yeah, that's fantastic to hear. You know, it's such a difficult time for everyone around the world that to hear those kind of, you know, even if it's from a kind of a work perspective to see people coming together and getting on with things and doing the best they can. It's fantastic. One thing, I know you've got so many different coins you've worked on, but would you be able to pick a favorite, do you think, if you had to? Yeah, honestly, I think, well, both are metals. Reverse for His Holiness the Dalai Lama's, Congressional Gold Medal was a great honor in and of itself, but having gotten in 2008, the opportunity to go to his hotel room in the morning with a group from the Mint and Don Everhart, the men who designed and sculpted the alvers and John and just the whole team. Wow, an hour with His Holiness before going to the Capitol to watch President Bush give him the medal and the whole thing. That was incredible. But then also having done the, I designed and sculpted the, I forget if I think it was the alvers, but for the Shanksville Heroes of 9-11, I'm probably garbling the name, but at the Heroes of 9-11, Congressional Gold Medal, the Shanksville Pennsylvania Site Medal, designed and sculpted the alvers of that. And that just as a sculpture and design and piece of art, that's probably the most important thing I've ever done in my life, just provided to commemorate it. Well, that's really kind of such a poignant thing to have to do, isn't it, or responsibility? So, I mean, how do you kind of approach something like that that's so emotional? And how do you, is there a way you can kind of put that emotion into the design, into the artwork? Well, I think having studied monumental sculpture in Russia and learning how to invest yourself in the creation of a memorial or monument lent itself to my approach doing either commemorative coins or medals that honor particular recipients in a certain way. It's just, basically, I think I try and imagine what this product's going to mean to the people who it's going to mean something to. And I try and make it with an eye towards being worthy of their, being worthy of their cherishing that object that you have a hand in making. Yeah, yeah. Okay. That's kind of brought me to the end of the questions. One final question. It's just what kind of, what does the future hold, do you think, for the US Mint, and do you have any kind of projects that are on the go at the moment that you can tell us about? I think the future of the Mint is best described by people above my pay grade. But I wouldn't be here if I didn't think that this was not the place to be for me until I retire. I think the future of the Mint is bright. And I just, I'm very grateful for the opportunity to be here. And however long that is, I will be grateful for it to the end. And we're always working on new stuff. I'm never allowed to talk about it, but I'm sure you that, you know, my goal is that as chief engravers, whatever we do is always going to be the best thing we've ever done. So I would just look forward to continue high standards being met and presented to the American people in the world as a result of our efforts, collective efforts. Yeah. Okay. And with your, you kind of experiencing comic books or love of comic books and sci-fi, that kind of thing. Do you think there's any kind of future projects that might combine both of those interests for you in terms of coin projects? If I were to retire and then I could do different things for different minutes to do license stuff. But I have a very active personal side profile where I do collectibles and work in that world. So it kind of satisfies that interest. So I feel very fortunate that I'm able to enjoy my passion for fantasy sci-fi and comics and still be chief engraver of the US Mint and execute the profound duty of serving the Mint and the country by my modest efforts here, I guess. Again, I hate to sound like, I really feel this way. I really feel strongly about being here. I think it's like really, I'm really lucky to be doing this job. They could have picked anybody else who wanted to and they picked me, so I feel very lucky. That sounds like a great combination of interests if you can do both of those things successfully. I think as a community of artists around the world participating in this craft, I think it's very, very strong. And great work is coming out. So, I mean, yeah, we're all individual mints and all that stuff. And of course, my Mint and my country comes first, but I do have a profound respect for my colleagues around the world. And just like I would in any other branch of sculpture, I try to keep a universal perspective of what's going on because you can only learn by looking at other people's work. It's never going to hurt you. If you insulate yourself too much, you wind up becoming repetitive and I think that's a boring thing. Yeah, so do you collect any coins yourself? I don't really buy my own coins because my mother bought all of them and tripled it going back. So she pretty much buys most of what I do and I have that collection in safe hands. Yeah, I really don't buy any art products that I participate in. It's not because I don't think they're good or anything. It's just like, I'm always thinking about the next one. Yeah, yeah. Okay. Well, that's great, Joe. Thank you so much for your time and good luck with everything at the Mint. And stay safe. Thanks so much for your time. You too. Thank you so much for having me. I really, really appreciate it. I hope this is useful for anyone that hears it and I really appreciate being able to participate. Yeah, thank you for very honored. Thanks, Joe. Speak soon. All right, take care, man.


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The following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, company alive from TFNN just after 9 a.m. Eastern time Thursday morning. We got markets in positive territory. You have an ECB decision. They keep rates exactly where they are. That was expected. You're going to press conference going on right now with Lagarde. They have updated growth estimates and inflation estimates for the coming quarter, the coming year. We'll jump into those in a moment. You've got a little bit of volatility in the euro. That's putting a little bit of volatility in the dollar as well. Nonetheless, the market's in positive territory and look at that acceleration, man. From 3 a.m. Eastern time, you're up about 43 points from the overnight lows trading up by 4-tenths percent in the S&Ps. All the markets in the green so far this morning. Bitcoin hanging relatively tough at about 68,000 right now. Crude, 78, 59. Take a look at crude on a daily basis. I talked about this on the 9 o'clock update. Hang it tough, man. We're down a bit by 56 pennies today, but you're chopping around near relative highs. You've got to back it up to all the way November 7th, folks. It's March 7th right now. You're talking about four full months in terms of where crude has been. You're pushing higher prices. That could complicate the inflation picture if we start getting higher energy prices to add to the higher inflation numbers we've had on the core perspective for some time. We jump over to yields as we're going to jump to some banks in a moment. Look at the rise we've had, the bounce off that 50% retracement. It's been a decent bounce, man. We were at 10909 on February 23rd. We're at 111.22. And we have the 10-year yield approaching a number of 4% right now, which is pretty remarkable considering where we come from. Now, New York Community Bank, check it out. OK. So we've seen the fall from grace from $14. Their earnings, when they set aside a monumental amount for losses, shocked the market. You dropped from $10 to $6 the next day. Yesterday, we hit a low of 170. Now, going shorter term, intraday, the news breaks that they're trying to raise capital. OK. That sends the stock down to $1.70. I wonder if they had already raised capital at that point or if they were trying to raise capital. Can you imagine being a fly in that room, man, on New York Community Bank? Just look at it on a minute basis. These are one-minute bars, folks. From 11.53, the story breaks. OK, so that's about noon. What's going on? The stock get halted or something? Yeah, it must have gotten halted. Is that what happened? It must have been. You come down to $1.70 at $12.30, OK? The news breaks, they're trying to raise capital. They do raise that capital. It jumps up to $4.40. Within the span, these are one-minute bars. Again, from 2.41 PM Eastern time to 2.58. Now, you had some. Would you have some blocks there? Maybe we had some stoppage there. Not sure what's going on in the chart. Nonetheless, you're right back to where you were today. We're a bit higher by about four pennies in the pre-market. But be careful on this one, which is what I said yesterday as well. As the story out there, how about losing 7% of your deposits in the past month, folks? Yeah, they went from $83 billion down to $77 billion. So they lost $6 billion that they had in deposits over the period of the last month. And the reason why I stress that is because the pop they got was that they got a $1 billion plus capital injection from investors led by former Treasury Secretary Steve Mnuchin. It's a great story getting $1 billion added, but the outflows have begun, folks. And ask yourself, do you want to be the one left holding the bag? I don't think anybody's going to lose money. I don't think the Fed's going to let them fail. I don't think the Fed's going to let depositors lose capital, no matter how much money you have, and you're guaranteed, up to those limits, of course, but keep that in perspective. Because the story out there is that they got a billion dollar capital raise, injection led by, yeah, a former Treasury Secretary. So he should know what's going on. But I would be stressing these numbers, okay? That's as of March 5th. The last couple of days probably could be the most volatile of all. How much money have they lost yesterday and today, right? So we'll see where we go from there. Nonetheless, they lost 7% of the deposits in the last month and they raise a billion dollars. And now they have Steve Mnuchin as an investor as well. But after all of that volatility, back to a 15 minute to see some context here, where do we get? We're just back to where you were at the beginning of the week, folks, $3.50, okay? It's going to be a tough one for New York Community Bank going forward. And if anything, this just sounded the alarm bells a little bit, where you can't quite know what's going on when the one bank that the Fed chose to be able to take over the troubled assets of signature bank was in big trouble themselves. How does that happen, right? That means that things may not be as rosy as they once appeared across the board, especially in certain individual banks. Because all the stories you keep coming out, right, are that New York Community Bank, they have a lot of properties that are rent controlled, you changed the laws in 2019, that really hurt the ability for that company to move forward. Then they have acquisitions that put them over the $100 billion threshold that has greater capital. All of this was known when the Fed facilitated New York Community Bank taking over some of the troubled assets of signature bank and that is this portion of the chart, almost a year back. Remember, March 17th was a Friday, March 20th was a Monday, they buy signature over the weekend. That kind of saved the banking crisis, if you recall. The market takes off to higher prices with the banking sector, you trade up to 14 bucks and all the articles are written basically illustrate that everybody knew that they were in trouble at that time. That's not the case. That's not what we were finding out. Hindsight's always 20, 20 folks. You got them losing 7 to 8% of their bank deposits. It's pretty simple math. If you're doing business at that bank, and this is where a risk reward is everything in the markets and it's a lot of things in life as well, man. We are constantly making risk reward analysis in our head of many different calculations. You wanna go to graduate school? What's the risk reward of paying that tuition? You make these calculations all the time. That's the problem once you get in big trouble with the bank. The risk is that even if the risk isn't losing all your capital, the risk is you gotta go through the process of somehow that bank going under, right? The Federal Reserve facilitating the return of those funds. There's no reward. That's the kicker. There is no reward of keeping your money at this bank if it's actually risking going through a failure. And if a bank loses 7% of their deposits in a week, you better believe that they're in a month, excuse me, you better believe that they are at risk of a failure. So simple risk reward, a lot of people would be taking their money out of there. Even if it's not at risk technically, there's still risk to being involved in that if a bank does go under, versus the reward is like almost nothing, okay? Now, yeah, you have banking relationships, et cetera, all that stuff that goes along, but you can find another bank and many people are finding another bank and just pay attention to what happened yesterday. All you did is get back to where you were and they lost 6 billion in deposits over the month and they got a billion dollars back in an injection from Mnuchin, among many others. Not exactly a saving grace for that company as you're trading at $3.50 for New York Community Bank. Markets though, we're lifting higher, man. S&Ps up by about 23. So I mentioned Euro. Got a little bit of volatility in the Euro.  We're nearing 1089 back from being 1087. You take a look at the longer term picture of the Euro just chopping around right now. As you see a little bit of volatility in both directions and when we get back, folks, we're gonna be talking to our man, Kevin Hinks. We'll talk about some of this market action. We'll talk about some of the Euro and we'll talk about some of the projections that they have for inflation and for growth going forward because boy, they're talking about 0.6% growth this year. That's gonna be a tough one going forward. They may be cutting before we end up cutting here. Stay tuned, folks, we'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. 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Visit TFNN.com, a tri-mastering probability 30 days risk-free today. TFNN, educating investors. Welcome back, folks. We've got the markets in positive territory. Apple, up by about 70 pennies right now, trading at 169.82. We closed at 169.12 yesterday. It's been quite a pullback for Apple shares. This market continues to surge higher. You take a look at the daily. You talk about a pullback, man. We're in some dire territories and you were at the lows of October. Do you remember where the market was in October, man? Let's put some context of what's going on because we have Apple back where we were in the October lows, okay? Is that right? I gotta do this, make sure we're there. We sure are. Yeah, I just wanted to make sure I wasn't distorting the charts here. October 27th, Apple's trading at 168. We're trading at 169 right now. And in the same time, October 27th, you have the S&Ps trading at 41.74 and you're up 25% over that period of time. The market is up 25% over that period of time and Apple is stagnant over that period of time. And what do you think NVIDIA has done over that time? NVIDIA has traded from 400 to 900 over that time. We're gonna get a new high print on the open. Absolutely remarkable. The stock just does not stop. There's your NVIDIA overnight action. We're pushing 903 for NVIDIA. They are climbing, folks, to a remarkable level where you now are at $2.25 trillion dollars for some context. Amazon 1.8, right? Google 1.6, okay? Even Apple with the haircut they're getting 2.6, okay? Now, Microsoft is the leader as they have it overtaken with the extension of the AI run. It's still sitting at 3 trillion. But did you see NVIDIA overtaking Apple in market cap this year? They are so close, man. We were just at 2 trillion. We're at 2.25 right now. And I just showed you that Apple's at about 2.6. There is a changing of the guard. And now listen, this is getting a little lofty at 900, okay? We're at a price level right now where you were sitting at 116 months ago and you're sitting at 900 right now. I've talked about before, they've actually had their earnings per share come down over a period of this rally as they have overachieved to dramatic fashion when their earnings come out, their guidance, et cetera. But pretty remarkable that you're pushing 900 bucks. You're gonna have NVIDIA shares open at a record high. 903 is the bid ask right now as we as the NASDAQ 100 trading up 3 quarters percent. And I talked about the S&P, but how about the NASDAQ? The NASDAQ 100 is up 4,000 points. 4,000 points, basically a 25% run, okay? What's that? 1,400, 2,800. Ah, close, almost 30% run. Apple is flat over that time. And that number for China, man, that's gonna be a constant drag on Apple. Pretty remarkable, you get that double top. We have been in quite a time in these markets, man. You always wanna be aware of what could happen, okay? If you don't think that Apple can go back to 130 folks, I don't know what kind of Kool-Aid you're drinking, but stop drinking it, okay? Because we were just trading at $60, let alone we came into COVID in Apple at $80, okay? Wouldn't be outlandish if you're trading at 130 a few years later, right? Nonetheless, you get the point, we are trading higher, but even Apple struggling a bit, you're up by 80 pennies about today, but you get the market soaring higher. Okay, back to the Euro. Now, the ECBs out with their rate decision today, they hold rate steady. We're seeing a little bit of Euro reverberations right now. You're right back to where before that economic number and getting into those numbers, man. So it's interesting to see how this is gonna shape where we go forward, where they go forward. The headline, the ECB holds rates as central bankers weigh timing of cuts. Now, this is going on across the globe, right? Our Federal Reserve meets in 13 days, March 20th, my birthday, put it on your calendar. Do you remember when they were talking about March cuts? Amazing how quickly things change. So March 20th will be the meeting. We hear from Chairman Powell again today. He's in front of the Senate today. Don't expect any surprises. If he didn't surprise anybody yesterday, he's not gonna do it today, that's for sure, okay? But what is interesting is to compare it, what's happening with Europe, how that's gonna drive our Federal Reserve, and how that's gonna drive our dollar, okay? The ECB has held rates steady, but boy, they got a different economy. And listen, politics aside, man, it is bonkers how our economy's perceived versus what is happening over in Europe, okay? Europe right now, this is the number I wanna get to. Here we go, forecasts, okay? Cause they kept their rates the same, but what are they thinking going forward? That's always, well, not what have you done for me in the past, right? The market wants to know, what are you thinking in the next three, six, two, nine months? The ECB published fresh economic forecasts on Thursday, showing downward revisions to inflation, which is great, but growth as well. This is where we differ so greatly from the ECB.  And yes, that's a little bit of a problem with inflation, but guess what? That allows us, okay, the ability to meander with greater ease than if you're trying to handle an economy that might be sinking, right? So much for the soft landing, they're gonna have some problems here. The ECB expects inflation to average 2.3% this year and 2% next year. They were looking just in December at 2.7% this year and 2.1% next year respectively. The growth part of things, 0.6% for the Eurozone this year, compared within December when they were talking about 0.8%, right? Man, now, what do those numbers mean? Those numbers mean that they probably don't have to be as restrictive as they currently are. I mean, if their expectations for forecasts come to fruition, then that means that you're going back to 2%, that's the number. So why do they have to be so restrictive if they're already there, especially if their restrictive policy rates have driven their economy to an area where they're gonna grow barely half a percent for the year. So what's that gonna do? That's gonna allow them the possibility, and here it is, right, that they may be able to signal earlier rate cuts, okay? This is where things get interesting for us. If the ECB starts cutting earlier, what's gonna happen there? Well, what's gonna happen there is their rates are gonna be lower, people are going to need less euros to go after lower yields in the Eurozone, and as a result, they might flock to American yields that are staying higher, because we have much higher growth, no matter what anybody says, folks, America is on fire with a hot economy, okay? We have much higher growth, so as a result, we don't need to cut as quickly to stimulate the economy or not to restrict the economy, is another way to say it, okay? And if we don't have to do that, we could have higher yields as they could be the ones cutting first, and then what would that do? That would add a little bit of strength, actually, to the dollar if that's the case, okay? Now, that's just one scenario of possibilities to work your way through, but there's a reason why when you take a look at the dollar, okay, and you got a little bit of reverberation, that's maybe why you got the initial spike to dollar strength there on that Euro decision, there's your 830 volatility, where is it? Kind of right in here is 830, you spike a little bit higher, we give it back, but for some context here, the reason why we have the dollar spike to 115, and I'm not saying it's gonna happen, but it is interesting, keep your eye on the ECB, because if they start cutting dramatically, and the Fed is not able to cut dramatically just yet, that is gonna put some impetus for the dollar potentially to trade higher, and yes, that could weigh on commodities and so forth, but the reason why we accelerated 115 is because we were the ones that were hiking first, right, we were the ones. The Fed was the first one to the hiking cycle versus the ECB, the dollar accelerates higher, we hit 115, we're back at 103, we'll see where we go, but 0.6% growth in the Euro. You imagine if that was happening here, that's not happening here folks, we're talking three to 5% growth here, we'll come back for the opening bell, don't go away. Are you ready to take charge of your financial future? 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Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN Educating Investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. Welcome back, folks. We got S&Ps, markets open, S&Ps, but up about a half a percent. You're up by 28 points right now trading at 51.41. NASDAQ 100 catches a bid up by almost 8.10 percent, up 135 points, making it 145 points. 18,189, you get the Dow and the Russell in positive territory as well. Bitcoin, up by $200, nearing $68,000. Crude trading lower today. We're approaching $78.20. You jump over to Gold Contract, up by about $4. Gold with a little bit of volatility as we got the Euro jumping around. We got the Dollar jumping around as well, and we jumped to notes and bonds. What are we talking about right now? Let's see where we're at. 4.08 percent, the yield on the tenure. 4.08, man. We're approaching four. Remember when we were just over five? It was huge moves. And NVIDIA opens at about $900. Did we get a 900 print? We did get a 900 print on the open market. You trade up to $90158 on the open for NVIDIA, and with that, you're dropping a bit to $897.50, still positive by more than a percent today for NVIDIA shares, $2.25 trillion, man, remarkable. We jump over to the Euro. Euro-US Dollar right now? Yeah, you get it all back from that initial plunge to $1087, we're basically at $1090, excuse me, $109 for the Euro, and you keep our eye on the dollar. With the dollar, you get $107,000,000, $10315, now, when you look at the dollar index, the Euro is obviously a huge component, okay? But they're not the only currency in town, of course. As how about you take a look at the dollar yen, man, right? We've been taking a look at this chart for a while. You back it up to the three-year weekly. That is quite a weekly bar we got going on, folks, okay? You're talking about pushing the highs of $150 for a triple top. You got a breakaway bar going on. And the yen is dealing with their own deal. Japan is dealing with their own deal, of course, okay? And we talked about this yesterday in terms of when the dollar yen is trading lower, okay? The first currency pair is your base currency. The second one is the quote. So what this means is you throw a one. You ever wanna read a currency pair, folks? If you didn't check out the program yesterday, I'll tell you again real quick. And even if you did check out the program yesterday, currency pairs, until you just do it over and over and over, it's very difficult in your brain to understand higher price, lower price. Is that strength? Is that weakness? Just throw a one in front of the currency pair. So what this means is one US dollar is equal to how many yen, okay? And what is this equaling? Well, what this is doing is this is talking about yen strength. It would add to dollar weakness. And when you look at a commodity, if you have a weaker dollar, it's gonna take you more of that same dollar to buy the same commodity. So we were pushing where it was one dollar would get you 150 yen. Well, it's not as strong anymore. That same dollar is now getting you 147.88 yen. So remember that when you're looking at currency pairs, cause you can mix them all around, right? This is dollar yen. You can have yen dollar, right? What do we look at all the time? It's interesting. The dollar yen is usually how things are quoted, but then you jump around to the other side where you go Euro US dollar. Well, this time the Euro is the base quote. The dollar is the quote. Excuse me, the Euro is the base currency. The dollar is the quote currency. So in this one, you're talking about one Euro is worth how many US dollars, right? So it's an easy way. Just throw a one in front of the currency pair. One Euro equals how many US dollars? We're at 109 right now, but keep your eye on that dollar yen, man. Because I think that's a little bit of a rollover and as regardless of what the dollar is doing, that dollar yen is gonna influence things going forward. We got gold contract hanging at 2161. We're as high as 2172 this morning at about 8 AM. All right, we jump around to what else we got going on. Keep our eye on some of the movers today. New York Community Bank, they catch a little bit of a bid. They like that billion dollar cash injection, especially led by a former treasury secretary, Mnuchin. We'll see how the day goes for them as we see yesterday. Started off pretty calm and that's not always the case as you go forward. We'll see if they can stem the withdrawals going on for their deposit base, losing 7% of your deposits in a month. That's a recipe for disaster as we know with some of those banks. All right, jumping around, what else we got going on? Pull up some of the articles here. We talked about the ECB, we talked about New York Community Bank and what else do we got? How about Victoria's Secret? Boy, they got some problems, man. This was quite a story in the beginning. They're down 25% Victoria's Secret, man. Disappointing guidance for the first quarter and the full year. They're talking about $6 billion in full year revenue. The market was looking for 6.2, maybe even higher than that. And yeah, you take a look at this chart. That's when they spun off. You drive from 48 to 76. You drive to 13 bucks. You somehow catch a bid with the market from the October lows of last year. You trade up to 30 bucks and the writing's on the wall that that's not the case, man. I was a bull in the stock a long time ago, man, but they got some problems going on when you're talking about missing to that degree in revenue when the economy's doing pretty well. All things considered. This market's doing pretty well as the market catches a lift on the open right now. As you get the Nasdaq 100 approaching 1% in the positive, we check around to some of the fang stocks. Apple shares, I mean, look at this. Apple continuing to underperform versus the indices. On the day when you get the Nasdaq 100 up a full percent, Apple can barely get into the positive up by two tenths percent right now for Apple shares. Microsoft, up by four tenths percent, even they sell off on the open, check that out. We jump over to Google. Google shares up by about half a percent. A little bit of selling on the open as well. We jump over to Meta shares this morning. There's a bid for you. Meta up by almost 1.5% in climbing higher, $503.82. Mr. Zuckerberg doing well. Quite the resurgence for Meta shares. We jump over to Netflix shares up about seven tenths percent. You jump to Tesla. Tesla shares catch a bid up by 1.4%. I've been talking about this one, man. The only thing that's dire here is Tesla's got a China problem to put it lightly. They got a demand problem. EVs have a demand problem that's just blown out of the water in terms of over the last year that nobody saw coming. Sure, some did, but the market did not see it coming. That's for sure. And they have a bigger problem that Elon does not have his $55 billion pay package anymore. And as a result of that, the shares that he actually does own that are margined for his purchase of Twitter could get a margin call and assure, when you approach somewhere around $100, you're gonna start seeing a lot more articles about the exact math of where that margin call may come in. But boy, you talk about a perplexing situation. Just this week alone, you're down from 200 to 180. And if you approach 100, you might have Elon getting margin squeezed. And what does happen at that price point, okay, is that Elon would either have to put up more capital or sell the shares. And here's the kicker. Is he really gonna put up more capital just to hold the same shares? All you're doing is putting up capital behind the same shares. You're not getting more shares, right? And he'd have to take shares from, whether it's SpaceX or something like that. He may say, you know what, man, I'm just gonna keep what I have, sell those shares if I need to. I'm not gonna dilute myself in my other endeavors. And maybe that's the writing on the wall. It's one of those tail risks. And I'm not even sure it's that big of a tail risk, okay? It's not a likelihood, but boy, you better be recognizing those risks if you're in there on Tesla shares. Yeah, I guess you got city out there today maintaining a hold rating on the stock, saying it will wait for a more compelling entry point. Maybe they're waiting for the margin call as well. All right, when we get back, folks, we'll take a look, how about Kroger? Look at that, man. Kroger catching a bid up by 6.4% as they beat on their numbers. Stay tuned, folks. S&Ps up by 35, NASDAQ 100 up by 170. We'll be right back. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Back folks, we got the S&Ps up by 32 markets in positive territory. And yeah, you got Kroger up by 7% as they beat taking a longer term. Look at this thing. You're talking about highs of 2022 at 62.78. You back it up on a monthly basis. And those are the only highs out there, man. Looks like Kroger might be running for $60. You're up by 7.3% as you continue to climb on Kroger numbers. And yeah, the company earned a buck 34 a share. The market was only looking for a buck 13. In the world of groceries, man, margins are always tight. So you crush it on earnings. That's quite a crush. Revenue, $37.06 billion, actually slightly below expectations. So margins somehow, buck 34 a share. The market likes it when they're taking it to the bottom line. That's for sure. American Eagle, back to a short term timeframe. AEO is their symbol. Yeah, up by 9%. How about that one, man? Beat analyst estimates 61 cents a share on revenue of 1.68 billion. They were expected to make 50 cents a share on about the same revenue, 1.67. So again, the earning story is they trade higher, give it back a little bit on the open, but you're still talking about up by 8.6% for them. You back it up a little bit of a different story though. Look at these charts, right? You're right back to the highs of 2018. The highs of 2007 are 35 bucks. You were up to 38. If you're into roller coasters, check out American Eagle folks. You're on the way up. Be careful, you don't get caught on the way down though because look at this stock, man. It is a roller coaster. So keep that in perspective if you're looking at American Eagle out there this morning. Markable, right? All right, what else have we got going on? Yeah, this is an interesting story out here from the journal. Folks, if you scroll Facebook, Instagram, anything like that, my goodness. All I see is Timo ads, I feel like. And I scroll Instagram sometimes. That's my mindless scroll occasionally. $2 billion is what they spent on Facebook last year, the top advertiser at Google. Timo, yeah, pushing into America. And who's benefiting? Facebook and Google, pretty dramatic degree, man. Yeah, so PDD, the parent company of Timo. Is that Pinduoduo, I think? $2 billion on advertisements last year. Familiar, yeah, pretty remarkable, man. They also became one of Google's top five advertisers by spending last year. Imagine that, right? Imagine saying, guess what? We're gonna be the biggest advertiser for Facebook and we're gonna be a top five advertiser for Google. How do you compete with that, man? This only launched in 2022, right? It caught, as they say here, execs off-guard at both tech companies which long have been the dominant players. I mean, how do you anticipate that a company is gonna be created in 2022? And just like that, they'll be the biggest advertisers out there across the board, but that's about growth, man. Fast fashion giant Sheen, the other online shopping platform. They're also spending pretty dramatically out there, but I do see those Timo ads all the time. And I'm always like, man, are these the only ones I'm seeing? Look at the China revenue from Metta. Kaboom in 2023, up to $13.6 billion after being at $7.5 and $7.4 billion for 2001 and 2022. Yeah. And they're talking about a profit of $2.1 billion in the third quarter of 2023, and the company spent nearly $3 billion in sales and marketing during that period, over 90 days, right? But it is, everything I see, I feel like, and they get some great ads there, Timo. They do. It seems like everything I'm seeing, that's a cool product. I don't click on it, it's an ad, but nonetheless, yeah, they had a Super Bowl ad in there as well. 30-second ad, four times during the Super Bowl. Yeah, man, remarkable.  You jump over to Metta shares, there you go. Up by another 1.4% today, all-time highs from Metta shares. Is that it today? Yeah, it is. We just hit an all-time high from Metta, 505.90. So this thing just continues higher. Jump over to Amazon shares, they're barely positive today. Google shares barely positive as well. We keep our eye on Apple. Look at it, man. Be careful of Apple out here, folks. All right, Apple is negative when everything else is positive. This thing is underperforming the market dramatically. They have a huge problem in China going on in terms of their phone sales over there. If you ever saw a headline like that in America, that iPhone sales in the US are down 24% over the first six weeks of the year, I don't know what would happen to Apple. They make a ton of money, okay, office services, but boy, their bread and butter sell $1,000, $1,500 phones to everybody that they can, and it seems like that business is becoming increasingly difficult in China to say the least as you're off $30 plus from where they were trading at the end of last year for Apple shares. All right, what else we got out there? Yeah, let's take an eye on crude, man. I mean, how about, you know, this deal in the Red Sea is just not gonna stop, man.  Three people killed against a merchant ship. I mean, these aren't soldiers, folks. These are merchant ships, marking the first fatalities cleaned by the groups that began targeting vessels in the Red Sea. Yeah, they suffered damage on Wednesday after being held by an entity declaring itself as the Yemeni Navy, and yeah, you got three people dead out there, and it's only gonna escalate, and that could complicate the real picture just a bit. Nonetheless, not happening today. You're down about seven tenths percent. There was your spike yesterday to above $80.50. You see the volatility today, and you're back up to $78.60 right now with the price of crude. We jump over to gold. Gold, give them back those gains. Still in the positive, but you're down about $14 from the highs of 21.72. You're trading at 21.58. We keep our eye on the Euro as the ECB stays at their rates, and as I mentioned at the beginning of the show, they're talking about decreased inflation estimate forecast. They're talking about decreased growth forecasts. All of that hinting to the fact that they may be cutting quicker than we expected. At the same time that our cuts seem to be pushed back, the Euro cuts seem to be pushed forward. It's gonna be interesting to see how that shapes the currencies because if you have our yields staying high and you have Europe yields dropping, okay, what that's gonna do is, that's gonna add to the impetus to buying US bonds to capitalize on US yields, driving dollar strength. That might be a component that plays out at a time when many have expected maybe the dollar to trade a little bit lower. We'll keep our eye on the Euro, man. Now, as I talked about the beginning of the program, the yen's an important one as well, but look what's happening here. We've got a little bit of a bounce back in the yen as well to 148.20 right now from 1747.58 for that yen. Let's jump over to some of the bigger banks, man. J.P. Morgan up to 189.49. Again, we got Chairman Powell today. Don't expect any surprises, okay? But we do have the chairman in front of the Senate today. You never know if you might get a few headlines that drive some of the action. Look at the run that J.P. Morgan is on, man. And it's interesting, one of the biggest stories out there yesterday was Chairman Powell talking about the fact that the plans to hold the big banks to greater capital requirements might be out the door. And I don't get that one, folks. I don't, all right? The banks are gonna be fine. We've seen this happen before. Okay, all I gotta do is bring you back to where we were before Silicon Valley Bank. Chairman Powell was literally, okay? To bring this back. Let's put it on a daily. And I have to find the day. We have to go back even further than that because I remember Chairman Powell was literally in front of Congress when this was going on. I think it was a year ago right now, okay? He was in front of Congress and it was. It was a year ago right now. He was doing the dual testimony between the House and the Senate. And he got a lot of questions saying, hey, Chairman Powell, are you really gonna, you know, bring down these huge capital requirements on big banks? Are you gonna be applying them to regional banks? And you had so many politicians saying, that's not right. We need these regional banks, okay? You can't hold them to higher capital requirements. And then like three days later, we found out that the regional banks were in massive problems because of hold to maturity securities. We'll talk a little bit more about this when we get back, but nonetheless, banks trading higher, markets trading higher. One more segment. Don't go away, folks. We'll be right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets, TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the Newsletters tab on the front page of TFNN.com. TFNN, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com. Then hit Watch Tiger TV. Welcome back, folks, as weight loss drugs, the new holy grail to trading hire, man. Novo Nordisk, up by 8.8% right now. That's a one-minute chart. You take it back on a daily, man. This thing is in quite a run. That's back to $67 a year ago. We back it up even further than that on a monthly. And look at this run, man. From about 20 bucks in the middle of 2017, but yes, today they're trading higher. After the Danish pharmaceutical giant, positive early trial data for a new experimental weight loss drug, phase one trial, highly anticipated obesity drug, showed a 13% weight loss in participants after 12 weeks. And it eclipses the 6% loss recorded after a 12-week trial of the wildly popular wegovi. So they're just keep pumping them out, man. Yeah, they're gonna have a phase two trial that's gonna begin the second half of this year with results expected in early 2026. Think about that, right? So you popped seven, eight, nine percent today on a phase one trial, and they're gonna do a phase two trial and we'll let you know how that works out in two years. They get some quite a line to ramp that up. But nonetheless, that is, yeah, quite the acceleration weight loss drugs, the holy grail of biotech right now, drugs. Folks, maybe that's gonna be a little bit of an impetus, but not sure that's gonna save the obesity problem. It's gonna help, okay? But it's not gonna save the obesity problem unless we make some changes in terms of a little bit more activity and a little bit less eating of highly processed foods, especially foods that are highly processed with sugar. That would be my advice. S&Ps nearing the all-time highs on Monday, man. 51.45 right now for the S&Ps. And look at everything sketching a bit. Look at Amazon. Amazon just jumped, you're up by a full percent right now. Even Apple joined the party. Apple gets back into positive territory right now. How about Meta? Look at this run. Meta, up by 2.5% to the positive side right now. And how about Nvidia? 90883 for Nvidia shares, quite the market, folks. Buckle up, stay tuned. We got our man Basil Chapman coming up next, folks. Thanks so much for starting your trading day right here with me at TFNN. Stay tuned for Basil. He's coming up next and I'll see you tomorrow morning for Friday Action. It's a busy day, folks. We can still get the chairman. He's coming up in front of the Senate. Expect some volatility. Market's green across the board. Basil Chapman's coming up next, folks. Stay tuned. Have a great Thursday, everybody.


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