MM #301: The Next Market Crash? Nvidia's Future, Oil To $100? & Best Assets To Buy Now

Summary

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Market Mondays #301: The Next Market Crash? Nvidia's Future, Oil to $100? & Best Assets To Buy Now

Hosts: Ian Dunlap, Rashad Bilal, Troy Millings (EYL Network)
Date: March 17, 2026

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Episode Overview

In this Market Mondays episode, Ian, Rashad, and Troy tackle the big questions facing investors: Will the next market crash arrive earlier than expected? What's really driving the labor market exodus and can AI save—or doom—the workforce? The crew breaks down the future of Nvidia in light of GTC week, debates the fate of oil in a volatile geopolitical climate, and pinpoints the best (and worst) assets to own right now.

Engaging as ever, the conversation offers practical investment wisdom and real talk about economic realities, career disruption, and the importance of patience and preparation in wealth building.

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Key Discussion Points & Insights

1. Record Number of Americans Out of Workforce

[06:57–10:11]

• Key Stat: 104 million Americans now outside the labor force (nearly a third of the population), including retirees, stay-at-home parents, discouraged workers, and "necessity entrepreneurs."
• Ian: "There's a lot of conversation about how strong the economy is... But that's a large swath of America, nearly a third who have given up on the job market altogether. Definitely a sign of the times." (07:54)
• Troy: AI will likely increase this number by taking over more jobs, especially affecting recent college grads—potentially up to 30% unemployment among graduates, according to ServiceNow's CEO.

2. The Real Value of College & The Rise of Skills

[10:11–18:47]

• Rashad argues that higher education's ROI is questionable in an AI-driven world: "Is that education worth it if the education... is not a pathway for success?" (10:35)
• Debate over whether trades (like plumbing or electrical) will become ultra-high paying due to AI displacement. Hosts agree this is "lip service"; shortages will exist, but salaries like "LeBron James money" are unlikely.
• Ian: "The entire purpose of artificial intelligence is to lay off the majority of the workforce." (14:46)
• Education System Warning: If college becomes optional/not worth the debt, there could be lasting economic effects for the entire higher-ed/loan ecosystem.

3. Nvidia & GTC Week: The Future of AI

[18:47–29:48]

• GTC week is described as "Super Bowl week" for Nvidia. The focus isn't immediate gains, but which new partnerships and technologies (AI chips, data centers, software) will drive the next 3–5 years.
• Watch for which companies Nvidia calls out as key partners—last year, small players like Nebius and CoreWeave ended up seeing major gains after being highlighted.
• Quote - Ian: "If you're in Nvidia, please continue to hold for long term. Their run is not coming to an end. He (Jensen Huang) is not slowing down anytime soon... Founder-led companies usually give higher returns." (25:48)
• Questions on why Nvidia’s price isn't higher: Analysts and hosts cite uncertainty around AI infrastructure spending, software/hardware circularity, and whether customers can justify the massive investment.
• Long-term bullishness remains strong.

4. Will the Predicted Market Crash Arrive Early?

[35:47–44:12]

• Rashad: "There's a very good chance we're gonna have a strong market correction or crash during [the next] presidential term…It's not sustainable long term to keep spending money and getting involved in wars."
• Ian argues rampant market intervention is delaying any crash, and crash predictions for 2027 haven't moved up to 2026 due to "too much market manipulation."
• Advice: The only investors hurt by market corrections are those with short-term mindsets or traders. Long-term holders of top companies gain wealth post-crash.
  • "Buy the best assets when they dip 25 or 30% and hold long term. This is not the 2008 market. They won't allow it." (37:45)

5. Best Assets To Buy Now

[45:47–49:57]

• Key picks (no big surprises for long-term fans):
  • AI stocks: Nvidia, ASML, TSM, Google, Anthropic (when public), OpenAI (when public)
  • Healthcare: Lilly, Amgen
  • Oil & Commodities: ExxonMobil; gold and Bitcoin as "alternative money assets"
  • Agentic AI: Tools and systems enabling entrepreneurs to use AI for business and investment
• "The biggest mistake is focusing all over on assets for a short period of time instead [of] a long period of time... My answer does not change regardless if it's a six-month horizon or 30." (47:54)

6. Commodities Run-Up & Oil Outlook

[52:09–53:28, 91:07–95:08]

• Despite war and political uncertainty, only select commodities have surged: oil, gold, gasoline, oats. Hosts clarify not everything goes up at once, but the critical ones (energy, gold) are performing.
• On oil: Brief spike above $100 expected if war drags on, but unlikely to stay at those levels due to global pressure and substitutes coming online.
• Rashad: "There’s no way to predict the timeline in war, because there’s no way to predict the victory in war." (93:13)
• Historical note: After big oil spikes, S&P is higher a year later in 6 out of 7 cases (95:08).

7. Robinhood's Outlook & Crypto

[53:28–59:59]

• Despite having fallen 50%, Robinhood is seen as poised for a rebound:
  • Oversold technicals
  • Crypto and options trading remain key revenue streams
  • "When the market is moving positive...you'll see people making more trades."
  • Bitcoin movement is the most important catalyst; if BTC surges, Robinhood wins.

8. Stocks to Avoid

[66:33–77:03]

• Troy's "hate" list: HubSpot, DraftKings, Verizon, UnitedHealth (for lack of innovation / unclear path forward / insufficient moat).
• Ian's "hate" list: UnitedHealth, PayPal (no differentiation left), Plug (no sustainable AI edge), BBAI (weak fundamentals), MicroStrategy (overleveraged Bitcoin proxy, opaque model)
• MicroStrategy’s model critiqued: "You’re already taking a very volatile asset and adding more volatility... When put to the test, it didn’t pass the stress test, but it’s not over yet." (76:07)

9. Lessons on Leadership, Community, and Black Organization

[81:33–90:59]

• Extended and candid discussion about the struggles and necessity of leadership within Black communities, especially around the Target boycott.
• Rashad: "We have a deep rooted hatred of any level of black leadership...It's the reason why we can't make progress because we always think from an individual standpoint." (83:04)
• Consensus that institutional strength—not just charismatic individuals—is needed for lasting change.

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Notable Quotes & Moments

• Ian, on market patience: "The most underrated value in success is patience...Anytime a market has corrections, that's the opportunity. Accumulate more shares." (40:52)
• Troy, on readiness: "Every moment is worthless if you have no capital to deploy. Warren Buffett's thing is: we don't wish for pullbacks, we wait for them." (43:09)
• Ian, on asset selection: "You only need four. For my future traders, only trade four assets. You don’t need to trade everything that’s available." (100:29)
• Rashad: "Corruption. That's what makes this year’s market different from others. Comes to mind at every level." (103:57)

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Memorable Segment Timestamps

• Workforce shrinkage stats & education value: [06:57–18:47]
• Nvidia & GTC discussion, major partner signals: [18:47–29:48]
• Market correction timing and advice: [35:47–44:12]
• Best assets to own (AI, oil, gold, BTC): [45:47–49:57]
• Commodities & oil crisis discussion: [52:09–53:28], [91:07–95:08]
• Robinhood’s comeback potential: [53:28–59:59]
• Stocks to avoid, MicroStrategy deep dive: [66:33–77:03]
• On leadership, community institutions: [81:33–90:59]
• "Only need four assets" mantra & asset allocation: [100:29]

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Final Reflections

• The hosts stress the ongoing importance of patience, long-term vision, and sticking to quality assets—especially when headlines scream crash or chaos.
• AI remains the central investment story, but fundamentals and value are what will win over the full market cycle.
• Community and collaboration are as necessary for lasting financial strength as individual strategy.
• The team warns against fads, unnecessary trading, and losing focus: "Stick with the best four. Long term wins. Ignore the noise."

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This summary covers all major themes and actionable insights from Market Mondays #301.

Transcript

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[Troy]

Yeah, yeah. We love yes. Welcome back. Happy Monday.

[Ian]

Happy Monday. God is good. How y' all feeling?

[Troy]

Feeling good, man. Feeling great out here, man. Good day to be a black man in America for y'.

[Rashad]

All.

[Ian]

Hanging out with Michael B. Jordan last night after the win. Ryan Coogler.

[Troy]

Coogler. Shout out to the whole cast of Sinners I thought was the best picture of the year for sure. You know, they didn't win it, but shout out to them, man. It was a great night for them.

[Rashad]

Yeah, Shout out. Shout out to Sinners. Shout out to Michael B. Jordan, Shout out to Ryan Kluger. The whole everybody that won or everybody just got nominated, but salute. Salute.

[Troy]

Yeah, Tiana got. She was part of the one thing after another cast, so she gets one for. For the best picture. Yeah, yeah, but it was dope, man. Uh, Misty Copeland was out there. I know.

[Ian]

That was legendary.

[Troy]

Yeah, they zoomed in on Timothy Chalamet.

[Ian]

Maybe next year, my boy. And they heard what you said about the little opera they heard.

[Troy]

They brought Misty out. How you feeling in Houston, man?

[Ian]

Amazing. Shout out to a life. Shout out to my guy on Dome. Oh, boy. Y'. All. Y' all get to it. Get to it. Wow.

[Rashad]

Houston's on fire right now.

[Troy]

Gas station party everywhere, though.

[Ian]

They throw money outside.

[Rashad]

That's a fact.

[Ian]

Traffic is crazy, though.

[Rashad]

Houston going crazy. Shout out to Slim Thug. I seen him making the commentary, said, when did Houston become a spring break destination?

[Troy]

That is wild.

[Ian]

Well, you know, they kicked us out of Miami for spring break, so gotta go somewhere. Gotta go somewhere. Gotta go somewhere.

[Rashad]

Oh, man, we got a lot to talk about in the market. Busy, busy day on Wall street before we Start. Do remember this Saturday, 12:00 Eastern Standard Time, myself and Troy, we will be doing a sit down book conversation at the town of Greenberg.

[Troy]

Yeah.

[Rashad]

The town of Corbin.

[Troy]

Old town Heroes edition.

[Ian]

This is incredible. Okay. Yeah, yeah, yeah.

[Rashad]

Greenberg Town Hall, 12 o'. Clock. We're gonna be sitting down and we're gonna be doing the conversation. You deserve to be rich.

[Ian]

This is a fact. How does that make you feel to have that conversation with the hometown? Your book bestseller. Walk me through the emotion.

[Troy]

It is, it's pretty incredible, man. Like we could walk to town hall from where we grew up, to be honest with you. So I've been, I've been going to every Barnes and Nobles, like in, like the area.

[Ian]

Yeah.

[Troy]

I've been walking in there, signing books, they've been taking pictures. It's been a whole thing, man. I'm excited for it. It's dope to be recognized by the world, but even more importantly in your hometown, man. So it's gonna be special shoddy.

[Ian]

How you feel?

[Rashad]

I feel good, man. You know, you know, definitely been going up there a lot for a variety of other different things.

[Ian]

Might as well have a productive conversation

[Troy]

and those, those conversations are recorded.

[Rashad]

That's a fact. So we'll see, we'll see how it goes. But yeah, you know, appreciate it. I appreciate it. You deserve to be rich. New York Times bestseller. Shout out to two chains. New York Times bestseller. Congratulations. So, yeah, you know, but yeah, it'll be fun. So if you're in the area, Westchester, 9, 14 surrounding areas. 12 O' Clock Town. Greenberg town hall. Pop in. We'll be talking about. You deserve to be rich.

[Troy]

I'm excited. I'm excited, man. Signing some books, taking some. Yeah.

[Rashad]

Yes, sir. All right, Ian, the announcers.

[Ian]

If you want to get rich from the market, go to ianvest.com if you want to know where to get in, where to get it out, what to invest in, what companies to stay away from. Join the stock club. More prices. So my thing for this year, every Monday, I'm going to release new stocks and new prices. So in Kajabi, four new stocks are in there. Swing trade, quick entry. Load the boat. If I made you money, please put yes in chat and let's have an amazing show.

[Troy]

Yeah. Shout out to you. Shout out to Red Panda. They shout out to Eylu. They put up a whole strategy of how to track your pricing inside of Eyl University. I thought that was dope. This Thursday. I'm back.

[Rashad]

I'm back.

[Troy]

Eyu.

[Rashad]

I'm back.

[Ian]

I'M back.

[Troy]

So make sure y' all pull up 7pm sharp. Big week. We got a bit. We're gonna talk about how big this week is. I always like soup. This is a big week. So we're gonna prepare ourselves for it.

[Rashad]

Oh, yeah. Thursday, Ey University, Troy's options class. So make sure you tap in for that.

[Ian]

Yes.

[Rashad]

And then Wednesday, blackout. We got Derek Falcon.

[Ian]

Yes. Icon.

[Troy]

Let that breathe for Seven Streams.

[Rashad]

Seven Streams. So you know he gonna talk crazy.

[Troy]

He said, I want to pull up. He told me, look, I'm pulling up to the house. I said, you can't just do. He's like, nah, I gotta go where it all started.

[Ian]

So I love it.

[Troy]

You want to do it live in person.

[Rashad]

It's only right. And then. Yeah, you know, we had to push that back last week because we had Mr. Tendonism. Shout out to everybody that checked that episode out. Johnson.

[Troy]

Shout out to everybody that noticed our restraint during that episode.

[Ian]

You guys did an amazing job.

[Troy]

Maturity.

[Ian]

Even I was playing the Zen to say, hey, yo, what is gossip, yo?

[Troy]

Maturity was shown. It was a dope time.

[Rashad]

So Sonia Bovell, this Thursday. This Thursday at 12:00 Eastern Standard Time, all things AI strictly, strictly important episode. Vitally important.

[Troy]

Yep, yep.

[Ian]

Twice. Take notes.

[Troy]

Watch it three times.

[Rashad]

Take notes.

[Ian]

Shout out to the six. Take notes.

[Rashad]

Okay, so let's get into it. What's the. What's the investing fact of the week?

[Ian]

We talk a lot about the jobs numbers that have been revised, but to one of your points, Rashad, that you made a couple of weeks of people leaving the job market. A record 104 0.3 million Americans are now outside of the job in labor force. These are people who are neither unemployed, they're not looking for work, including retirees, stay at home, parents, discouraged workers, and people who have been forced into entrepreneurship. So a lot of times we talk about the job revisions that have happened or the lying about the current job numbers. But I went and looked at the statue we're talking about. It's 104 million people that are not even looking for work or not in the American job system. So talk about a scary fact. And even for us as African Americans, a lot of us have been pushed out of corporate enforced into entrepreneurship purely by necessity, not by choice. So there's a lot of conversation about how strong the economy is. I know the index is only down 2 to 4% depending on which one you're looking at. But that's a large swath of America, nearly a third who have given up on the job market altogether. And I think it's definitely a sign of the times.

[Troy]

Yeah, I'm with you. It was interesting. I was watching CEO of ServiceNow McDermott talking about the workforce going into the next 5 to 10 years and he thinks college graduates. It was pretty alarming. He said he thinks that 30% of college graduates won't have a job post graduation. I think the, the average right now is like 6 to 7%. He says he's going to 30. We watched Meta have layoffs early late last week and so you're seeing that cycle. And the most important thing I could say is yes, we understand the importance of AI and the disruption is going to cause, but I don't think we're paying attention to how we need to execute in using it, becoming educated by it. That's why I think Thursday's episode is one of the most important things we've ever done because it gives you the foundational layers of how we need to at this going forward so we can take advantage of it, participate in it and make sure we don't get left behind. Yeah, but it's, it's, it's happening. It's happening.

[Ian]

Rashad, to your point, because you made me go research this, like, what do we do? Because honestly, if kids are not able to get job placement after the solution, okay, one alternative is to invest. But if you don't have any capital, you can't even invest or you can't buy the pro version of Claude or open AI is. Are there any solutions for those who may feel like that status too doom and gloom?

[Rashad]

Unfortunately not. I mean, once again, going back to the episode that we coming out with on Thursday when she was talking about how AI is going to really force everybody to become an entrepreneur in some way or another. And you know, just looking at the landscape, I see AI really, really, really taken over in a variety of different ways. So can't beat them, join them. I don't necessarily think that we're going to go back to a world where, you know, it's going to be how it once was.

[Ian]

No, it's over with.

[Rashad]

It's all, it's only going to get worse from here as far as like that level of thinking when it comes to jobs. But, you know, there's opportunities in, in other areas, freelance work, and I think you're gonna have to be a little bit more creative. But I don't think that is going to be a world where you can actually just pay for education and then after you graduate, then get a job and really questions if education has the same value, especially from a financial standpoint, if you want to spend a lot of money on education, is that education worth it if the education does not guarantee or is not a pathway for success?

[Troy]

Yeah, that's part of the conversation. The, the pathway will definitely be changed. I was reading the article, it might have been in the Journal, could have been in maybe Yahoo Finance about where they think technicians, plumbers, how will their salaries increase over the next five to 10 years? Will they be now replacing. Will they be the highest paid professions? Because those are skills that are going to be needed. I don't know if they're.

[Rashad]

Yeah, they just saying they just anything.

[Troy]

Yeah, I don't think, I don't think

[Rashad]

I've seen a dude, I seen, I seen a guy from what, what tech company? He was some tech company and he said that plumbers are going to start making LeBron James money. No.

[Ian]

Yeah, let me, let me just finish

[Troy]

before you go there, because I don't think it's true, but it does speak to a shift on that. That new path was like, what is it? I think it is skill based, right? Like, we have to figure out what a skill is. Not so much of what we should be studying to now figure out if we can get a career in that path. What is the skill that we have? How do we converge that skill with artificial intelligence to get ahead?

[Rashad]

Yeah, but the whole logic behind that doesn't make any sense because we, we always needed plumbers. It's never like we didn't need plumbers. And it's not like we're building 50 million new homes all of a sudden. So it's like the idea of like plumbers are going to start making $25 million a year. I just don't understand it. Like, we always needed plumbers. We have plumbers. We do have a shortage of plumbers. But it's not like every single plumber in America is going to die tomorrow and then there's going to be 10 plumbers. Well then, yeah, their value would be $25 million a year if there was only 10 plumbers that can actually do the craft. But like, what is going to change in society? Because artificial intelligence is not threatening plumbers right now. So why would a plumber's value just automatically go up to $25 million a year? I just don't understand the logic.

[Ian]

The thought is, if AI takes over, there'll be a limited supply of jobs, therefore the value of those will go up. But to your point, every CEO who I Ever heard say that they never tell their kids, go be a pump plumber, and they never resign a CEO of a tech company.

[Troy]

Right? Yeah, I, I think that that was part of the piece. It was like, we're going to see careers be completely disrupted.

[Rashad]

Right.

[Troy]

Like the example they use was like lawyers going forward, what would that look like? Would that be a high paying job? Right. If you think about it like the way that Claude is moving, the way that OpenAI is moving. Yeah. We might see disruption in, in the law practices. From the medical standpoint, our doctor is going to be the highest forming paying job. We don't know. Right. Like right now those are the highest paying jobs. But you add intelligence into that, you add efficiency into that. Right now malpractice is out. It changes things. And so they're saying if those aren't the highest paying jobs, what now becomes those? And they're thinking like skills, technicians, electricians, things like that. Yes, you can make great money doing that now as an entrepreneur, they'll see that going up and increasing over time.

[Rashad]

And it's a little service, but it's not even sustainable. Like as far as nobody's going to play a plumber more than it costs to build a home, if that's the case, I won't even have a home. Like if I have to pay a plumber $500,000 to, to plumb my house because their value has just gone up exponentially. Well, what does that do to real estate prices? Because one or two things happen. Either you just can't afford to buy a home anymore or real estate now has to increase with debt. So now the price of a million dollar home is now worth $10 million because the plumbing alone is worth $500,000. I just don't, I just don't understand. It just, it's one of these things that just sounds good on paper. But when you say a plumber is going to start making LeBron James money.

[Troy]

Yes. That's, that's ridiculous.

[Ian]

It's lip service. Because if I destroy an industry with my software, I didn't have to give you a way to make money. So I'm not looked at as the villain. And this is a prime example of an executive telling you one thing and doing another. They know that the pay rate is not going to increase dramatically. The entire purpose of artificial intelligence is to lay off the majority of the workforce. And like I said, It's 104 million people outside of that right now. And even if you're trying to get a job, it's Just hard to even get through the AI filters through your resume. So it is working successfully. And a lot of times they're saying this too to get funding because they don't want their venture capital company to or private equity company to be on the hook for funding them for then also erasing the job market and causing catastrophe there. Also the Canadian economy economy lost 84000 jobs in February. 6.7% drop 32 chance of a recession in Canada we are in a crisis and everyone acting like it's okay and it's not.

[Rashad]

But what I will say is that the education system is going to, is, is in great danger right now. And I feel like that's something that you know is going to be a crisis when you look at education is a big business within itself. And that's, that's something that a lot of people benefit from. So now when people really start to, to have second thoughts about education and spending so much money on education, that's a, that's an economic effect as well from people that are reliant on education. Not just from teachers, but administrators, the government, student loan programs, a variety of different things. This is a billion dollar industry. So when you no longer see value in it the same way that you once saw value and how it's been positioned over the last 50 years is that it's kind of like a mandatory thing if you want to excel and get to the middle class or above is that you have to go to college. Now when that becomes relatively optional and people aren't seeing the value in that anymore. Well, that's an economic effect also.

[Troy]

Yeah. And you, you take into it, you start thinking about student loan. Right. Who's. Who are you borrowing from? Exactly. You start to cut back on that.

[Rashad]

That's less revenue.

[Troy]

Exactly.

[Ian]

Yeah.

[Troy]

That becomes a huge problem. Yeah. So education reform, I mean it's long overdue, but I feel like we're at the forefront and in our lifetime, within the next 10 years we're going to see a drastic change in how people look, how they treat, how they feel about going to school and the value of it. I mean this, we're coming from a generation where it was still the thing like we'll get a good degree. I'm starting to see like the young people that we're around, it's like maybe

[Ian]

it's not even viable. Maybe I'll go the reward scenario or ratio isn't even.

[Troy]

Why would I go? Right.

[Ian]

I mean just looking at some of the colleges in New York, you're looking at 110 per year. That's crazy. Like to pay 400 for undergrad, 350 for undergrad, and then to make what, 60 grand and have all the debt to pay. So there definitely needs to be a restructuring. But the sad part is that you can't write off those loans or 5 bankruptcy on them. That's the part that sucks.

[Troy]

Yeah, that's what it's, it's the worst part of it. And, and so if, if they can't go that route, right, if they're not going to school, and even if the ones were going to school, 30 of them are not being employed, then what is the answer? Is it, is it a stipend? Is it a. I don't, I mean, we know where we're, where we're headed in terms of kids who are now born here having an investment or vehicle, I shouldn't say account investment vehicle going forward. But what about this generation that's in between, right? Like we're from a generation was like, go to school, get a good job, have a career, you can do that. There's a generation that's coming behind us that has those accounts or those vehicles. And there's that in between, that middle child syndrome. Like what happens with that?

[Rashad]

All right, GTC happen today. This whole week. GTC week. So a lot of people, you know, want to know what can they expect moving forward from Nvidia's stock price and will it impact Nvidia and what, what do we think of the gtc? We were there last year.

[Ian]

Yeah.

[Rashad]

Got to see it in person. And you know, obviously we, we took a group to Nvidia a couple of months ago, shout out to everybody, take advantage of the Black Friday deal. So what, what, what is the GTC going to do for Nvidia investors long

[Ian]

term in terms of price Movement is normally not a catalyst for price being moved in week one or week two. What you need to look at is the rollback though. So last year when we were there, trial, I remember me and you were just snapping photos of every slide. Look at the partnerships that they have, who they're excited about working with. Look at the inference chip and see how they intend. Because I, the thing that I'm most interested in, they had an acquisition late last year. I want to see how that's being rolled out. But more importantly, who are they investing in and who are they most excited about partnering with? Like last year Super Micro had a nice increase. One company that had very little traction last year at the booth was Nebus. Then they went up. So you want to.

[Troy]

I wrote that, I got that in my notes.

[Ian]

It was like I almost felt bad that no one was there. So it's interesting how things can change in a year. But if you are an investor and believer in Nvidia and they are a, a tech God maker, if you will, look at the top 10 companies that they're investing in, the top 10 partners that they're excited about, and then in a quarter or two, you should see some movement start to happen from them. But more importantly, watch Jensen's body language because he gave you some tells last year about which stocks were kind of going to move based on that partnership slot. Look there and you'll have all the, the clues that you need for the rest of this year.

[Troy]

Yeah, I think GTC is, this is super bowl week. Anytime Nvidia reports, I feel it's like the super bowl, but this is super bowl week and I think you're spot on when, when you talk about gtc, you're not thinking about what's happening next week. You're looking at what's happening over the next three to five years because that's how they're going to lay it out. Right. So this year Rivera Rubin is the forefront and people want to see how that's going to be working. I know we talked about nanometers and having fabs and what TSM does, but now we've gone down to 3nm for, for Ruben Vernon. I think the interesting piece here is that when you think of gpus, you think Nvidia and you used to think maybe cpu's is one of the things that they did and they kind of like put that to the back burner a little bit. And because they did that, we watch AMD tear up the CPU market and now become the dominant leader in that intel was unit is now second place. There's some talks now where they look inside their stack for Vera. They're going to add Reuben inside to go back into the CPU market because they found that CPUs are actually being used inside of the AI data sack. I think that's interesting. I'd be interested to see what that does for an AMD or. I mean, there's two ways to look at it. Lisa has been getting this right. And when I say Lisa Su, who was the CEO of amd, she's been right all along in her pursuit of continuing going in gpu, cpu. But also brings to the forefront that partnership that Nvidia had with Intel.

[Ian]

Right.

[Troy]

Which the government has 10% of so all these things are in place as well. And then the companies, like you said when we were taking screenshots, I promise you, if you go back a year ago to the date after we came back in Mondays, I said, look, there's this company that we keep talking, they kept talking about core weave, right? They're not even publicly traded yet, but they will be in a few weeks. And we watched Corey run up to 147. I know it's pulled like 86 now. Strong company. I literally stood at Micron's booth and spoke to them like yo, they have a huge presence here at gtc. This thing is going, this thing is going. And here we are at 450 at micron a year ago was trading probably at $86.

[Ian]

Yeah, probably someone arranges me.

[Troy]

Look, right here's here are the companies that we should be looking at this year, obviously Micron and they're going to be reporting on Wednesday after the closing bell. Watch if they, when they talk about Micron in terms of memory, right? Because what's key to the the Rubin chip is that it has a faster high bandwidth memory processor. Let's see if Micron is the lead partner in that. I know SK, Hynix and Samsung are in that space but obviously when we're talking about war and we're talking about conflict and we're talking about flows and who gets impacted. South Korea is one of those countries. Let's see how that works. Today Micron also announced that they're going to be building another FAB in Taiwan. We saw the stock go up, so we're definitely watching them. Vertiv, a company that we again we took pictures at. We saw liquid cooling. This is something that Nvidia is talking about as well. The next rendition of chip, will it have liquid cooling inside of itself? Will it have memory inside of. So those things will affect Dell in terms of the infrastructure of how they deal in the wrecks. Synopsis Surprise, right? Nvidia invested $2 billion into their company in December. Arista Networks from the energy standpoint ARM and I still got Super Micro on there as companies that we should be watching all week in terms of movement, in terms of announcements because this is where we're going for the next three to five years. I'll be interested to see what the next ship is. Right. We saw Blackwell be announced, we saw Moving be announced and we saw Ruben Vera be announced and that was two years ahead. That means that he's already working into 2029 as we speak about what chips he's going to be looking forward to. And then this is the last piece. That's a lot. But here's the last piece. The Nvidia Cuda software system. He's going to be talking a lot about that. Yep, you got to pay attention to that because an interesting thing has happened is as we're watching software have its correction moment, Nvidia is selling the hardware to software companies. Think about this. They're selling their hardware to software companies to get better efficiency out of their AI, but they're also building for themselves. And so at a certain point are you going to build competition for your customer? It's a tricky thing, right?

[Ian]

It's inevitable.

[Troy]

It's an if you do, then you don't have the customer but you always stay ahead. So it's a, it's a fine line. These are the things that I'm looking for. These are the things you should be taking notes on and listening intently for. It's a big week, it's super bowl week. I'm excited.

[Ian]

A lot of people always ask me is Nvidia going to ever going to run like it did before? The returns may not be as high but the reason why you shouldn't count Nvidia out because they're the only company who was making the quality of product that they're making while investing in all the new like you have to look at them like if Universal had music group had access to every artist, they're either partnering with every software company like you said, that matters on earth, making product for them or investing in the ones that are not publicly traded. They almost have a monopoly on that space and I still don't think that the price is being reflective of how dominant they are and how great Jensen is. So if you're in Nvidia, please continue to hold for long term. Their run is not coming to an end. He is not slowing down anytime soon. And of course founder led companies usually give higher returns. Yeah, stay on the Nvidia train long term.

[Troy]

I had monopoly in my notes. I said the three questions I want to hear is is the AI infrastructure spending going to grow? And we've seen that from all the hyperscales that it's going to continue to grow. Will they still display monopoly like lead? And I think you just answered that and I agree with you. I think yeah, they're going to show that. But also how fast are the AI data center? It's going to be built out and we just saw Meta last week, said that they're spending actually more. They're going to build more data centers. Yeah, this is it. Every day I wake up, I'm like, why is this thing not a 200 yet?

[Ian]

It's a tech dynasty. Like not appreciate it because, well, a back to asymmetry in terms of risk. Like they're not going to go from where they are now to 400. So people are missing out. But if you look at it from a fundamental standpoint, one of the best run businesses in the history of American capitalism ever. And then the product, the difference between them and Apple, they were Apple was more consumer facing. I haven't seen a company like Nvidia have a lock on enterprise the way that they do with the exception of probably Gates is Microsoft. So.

[Rashad]

Yeah, well, also that, so that, that leads to a question from the audience. It said, I've held Nvidia since 2022, have 1300 shares. Should I sell 300 and buy Eli Lilly or Amgen or, or just sit it out with Nvidia?

[Ian]

I will sit it out. I will set it up. I love Lily, I love Amgen. And it depends on price when you execute this. But one of the biggest mistakes that people can make as an investor is trying to rotate too much. Like if I can get Lily at maybe not saying it's going to go here at 625, I would then sell the 300 shares as a result. Though if Lily fell that far more than likely Nvidia at that point would be at 139. So you wouldn't want to now if, if Nvidia stayed up and then Lily came down, that's the only time I would do it. But if you have 1300 shares, congrats to you. You made a lot of money. You've held since 22. I will wait for a deep decline before I'm looking to get out of an A company to put it into Lily or Amgen, who are A's in their category. But you're. You have 1300 shares of one of the best companies of all time and you bought it at the best time in 2022. Do not liquidate. Please don't.

[Troy]

I'm not. Yeah. I always look at it in terms of like, how do you get more shares? If you got 1300, how do we get more? How do we get to 1500? How do we get to 2000? Like I said, it surprises me every day. I wake up and it's not at 200. It would surprise me at the end, easily. If we're not at 225, 230.

[Ian]

Yeah. It should be a 240 to be honest.

[Troy]

It's that strong of a company. The PR think about this. The profit margins are still increasing. They're at 56 now.

[Ian]

They're multi trillion dollar company.

[Troy]

Yeah, yeah. I don't know. Yeah, I wouldn't sell. I'll be trying to figure out how I can.

[Rashad]

So the next question is why is it not at 200?

[Troy]

I think the big question is the spending, right? Like can we prove that AI, specifically the GPU data center revolution, can it bring in enough revenue to be supplementing what we're spending to do it? Right. That Mark Zuckerberg obviously is well documented saying that I'm okay with overspending because we can't miss on this, but some companies won't be able to do that.

[Ian]

Yeah.

[Troy]

And so will we overshoot this. Right. And if we overshoot this, that means people have spent a lot of money with Nvidia because their GPUs are going to be the leaders in this. The uncertainty around that, that circular economy which we talked about in terms of, and I kind of alluded to it with the software situation, you're selling the hardware to the software companies, right? Those software companies are now competing with you in the software space. At a certain point you're going to not have customers because your product is going to be better. They're using your GPUs to get better and you're using your GPUs to get better. Something is not going to work in that space. And then you get a core weave or anivious where there are people who can't afford the GPUs at the level you're selling for. So they rent the cloud. The circular economy of it, the uncertainty of if we're going to be able to maximize the revenue from the spend causes the uncertainty. Obviously now with the geopolitical situation that that adds to it, but it really is can we make enough money to justify the spend? And I think that's what's holding Nvidia back. Which is interesting because you see sectors like memory sector like Micron and sandisk are still running. Right? But those components only work if you have a graphic processing unit or a cpu, right. You, those are what those memory chips are for. And so it's interesting, like I said, I'd be surprised if it's not over 230 by the end of the year. I'm bullish on it, but I've been bullish on it.

[Ian]

If you go back to 2020, the adjusted for split, it was at $4 and 50 cent, it's at 184.62 right now. There's an asymmetry in terms of pricing. Like those things that you said are true. But most people don't believe if I buy right now at 162, I'm going to get the kind of gain in growth that I would have three or four years ago. Even for the person who asked a question, they got in at 2022, they're up 630. If they bought at the top of 2022, they haven't had a deep enough decline. And to your point, Troy, like if they're selling to all the software, you have to wait for the new companies, that IPO to even give them new lifeblood to not be competitors to. So it's more of a pricing issue. And if you're looking out as an investor, there are other places where you can deploy money, get a higher return. That's the only bias that investors are looking at. Can I put this money here and do I want a safe 28 with Nvidia or can I put it somewhere else in a lesser tier stock but maybe get 200 return over a 12 year period. I will say though, when we have whatever economic turnaround and decline because they won't say the word recession anymore.

[Troy]

Yeah, I think. Okay, continue.

[Ian]

Yeah, it'll be a steal then. But pricing is the main concern for why it isn't up more.

[Troy]

Yeah, I think it's spot on and I feel like some of that has trickled into, into memory. Whether it's Western Digital, whether it's for sure or Micron or Sanders, they all have run. In fact, if, if you look inside of smh, if you look at the allocation now, right, you got Nvidia, you got tsm, Broadcom and Micron's number four in a year. It's chumped a bunch of companies. ASML is trailing it now. Right. And we know how important that company is. So that means institutions are saying yes, we can get a 20 gain here. But like this company ran up 300

[Ian]

last returns and that's a great point because going into whatever downslope we want, there's a lot of concern about front running the gains now. So if we are in recession for two or three years on an adjusted basis over three or four years, you're still looking at 30 or 40 return per year. Like most people wouldn't have expected Micron to jump up as much as it did, but Nvidia kind of made it safe for institutional investors. To then pitch higher returns and come out of that bracket of 10 to 20%. And like you said, Sandisk Micron have been great beneficiaries of it because of the run that Nvidia had as a result. You notice as an advisor, if you pitch somebody in 2009 you can get them 100 return. They would have tried to put you in jail. They're like, what the, what the hell are you talking about? Like, for those of you who don't know, this era we've never seen before of high quality companies getting you this kind of return. 25 return even nine years ago, you were a rock star.

[Troy]

Yeah. You know, and this is why I gotta get. It goes back to. I think that's one of the, the best conversations we had about the the greatest CEO of our generation. And I was like, I think it's Jensen. He saw this coming. He knew, right. He had the product and he knew the companies he was going to need, which is why he partnered with them early. So like he's early in Micron, right? Like he knew that was going to be a shortage. He already was working with SK Hynix. He already saw that software is going to be issued. So he had cadence, he has synopsis. He's building his own pipeline because he knows what's ahead.

[Ian]

I know he's not in favor now because he was on an island. Gates got monopoly charges on Microsoft though that that level of dominance to have to break up the company because you have 92 market share did different.

[Troy]

That's a fair comparison. That the monopoly that they held in this monopoly a very. Allegedly are very. Allegedly.

[Ian]

Yeah.

[Troy]

Comparable.

[Rashad]

We'll see how that. We'll see how the week shakes out for Nvidia. Hit the like button. Yeah.

[Ian]

Share.

[Rashad]

Okay. Will the crash that you know was projected that you talk about for 2027, will that happen this year instead?

[Ian]

No. 27. And even then they may not with this market manipulation. Like I said, they turned allegedly. Thank you for the production. They won't even let the markets fluctuate how they're supposed to the same level that I keep talking about, 93.50. Even though the straight of Hormuz is closed. But China's getting their oil. I think it's what 15 million barrels per day are not being able to get through. They are finding a way to keep the crude futures price at a certain level. But allegedly it's 1,143 per barrel in Singapore. So even in that you have price disparity. I say all that to say it's too much market manipulation. They're not going to let a crash happen on their watch. And partially, you gotta blame the last administration when they didn't announce recession and made room for everyone else to not. So I don't think it will happen this year because even with all the tumult that we have in the market, the S and P is 4% from the all time highs. That's the kind like if we. Once again, Rashad, if you go back to 2010 and if I'm like, hey, we got the oil issue going. Oil hit 115, software companies are bleeding more than 50% and then I told you, but the S P is only down 4%. You were black. Ponzi. American education system, Ponzi. So no, I don't think it'll happen this year. And if he has his way, if he can pick who he wants and manipulate the Federal Reserve, allegedly, if they print enough money, they can stop it from happening or stop it from being announced. But I don't stop betting on a crash. Buy the best assets when they dip 25 or 30% and hold on for the long term. This is not the 2008 market. They won't allow it even in his cabinet and in leadership. And same with Gigi Pink. They, they won't even allow council to tell them the truth. They put their boards and councils together to tell them what they want to hear. It's a different environment. But what do you guys think?

[Troy]

Yeah, I'm with you. I think the, it's interesting we talked about last week with the, the private markets being a catalyst that could potentially disrupt the, the economy. Blue Owl, you're starting to see it more. The black rock situation, there's some more color behind that now. Those are alarming signs. I just don't think. Alarming signs. This is a guy who's like bullish, right? But yeah, those are alarming signs. And I don't think they get rectified. I think they get pushed down the line. Then they get pushed down the line.

[Ian]

Somebody else watch.

[Troy]

Yeah, I just, I just think again, the arrogance of the person who's leading Will. Will allegedly from the character that he's shown or lack thereof, that he'll finagle this into a way that this will be beneficial for us.

[Ian]

Rashad, what are your thoughts, man?

[Rashad]

There's a very good chance that, you know, we're gonna have a strong market correction or market crash during his presidency. If history, as is any indicator, just based off of timelines of bear markets, based off of presidential cycles based off of spending, based off a variety of different things kind of just lead to that conclusion. At some point in time during his presidency, we're definitely going to see a major. Because it's not sustainable long term, you know, to keep, keep spending money, to keep getting involved in war, wars, wars. Eventually you're gonna see some level of pullback. But it's not necessarily a bad thing if, if you're prepared for it. Because we've seen this happen before. We seen it happen during COVID We saw it Happen Obviously during 2008, the year 2000, there's been a variety of different times.

[Ian]

That was a tough two years though.

[Rashad]

Recent history. Yeah, for sure. Definitely. So he's not, you know, he's definitely going to do everything that he can to try to avoid that for sure. But keep evolving yourself and things, you know, you play around with fire long enough, you're gonna get burned eventually. So

[Ian]

that's interesting.

[Rashad]

State of course, like you said, have good company, stay long term. You know, it only impacts traders and people that have short term views as far as these type of situations. Even during 2008, like if you were invested in the companies and you just held, you were made whole, then you and you actually gained money over the course of time. But it impacts traders and it impacts people with short term timelines more than everybody else.

[Ian]

How do you stay the course in the midst of a thunderstorm?

[Rashad]

Well, you just got to have patience. I think that's the most underrated value in success is that you got to have patience and you got to look at that as buying opportunity. So even if you have something and you believe in it and it goes down, but that's your opportunity to buy more in said stock or said ETF or index fund. So you should always look at investing as a long term vehicle, not something that you're just going to get rich tomorrow. So if you have a long term view, then short term, because even 18 months, which bear market, it's still short term if you have a 20 year timeline or 25 or 30 year timeline. So I think just, just actually looking at it from that perspective of anytime a market has corrections, anytime that market has a crash, that's the opportunity. If you're invested in top stocks and you should only be invested in top stocks anyway, so the top stocks will still be here. If you invested in the top stocks and your top stocks are going down, then that's opportunity to buy more of the those top stocks. And then when the smoker does clear and we are back at all time highs. You've, you've accumulated more shares. That's really the best way to accumulate shares. Dollar cost average for sure, but get a lot of shares, that's the value of Red Panda, right? Like it tells you the price to actually buy the stock. Get a lot of shares when the price is low and then ride that price up to when it's high again.

[Ian]

And especially if you know that in advance, three or four months in advance, put the capital to the side. As a savvy investor, catastrophic investor, I don't want a crash to happen. But I would be lying to you if I said I wouldn't take advantage of it. Even when 2020 happened, it allowed a chance for me to make up for the correction that I made in the 2008, 2009 season. So you have to take full advantage of. And if you're even on the short term side, if you're waiting to the 200 day, 400 day moving average, you can hit some home runs on your swing trades too. But it takes patience and discipline to do it. And not to pick the 14th or 18th best company because you think it's going to have a, a short term run.

[Troy]

I would just add that being prepared for the moment, right. Like that having reserves is important. I remember we had this conversation that we, we were here for 2008 and we're like, yo, if that ever happens again, then we got to be ready for it. And then 2020 happens and it's like, here's the moment.

[Ian]

What a time.

[Troy]

Here's the moment. Like what, what are you going to do with the moment? Are you, are you now going to deploy capital? You said you were going to miss this moment if it ever happened again and here it is. And a lot of people, you know, created wealth from 2020. Obviously the pullback in the market because of COVID 2022 was another opportunity where we saw, you know, deep correction. Right. 23, I think 27 at its peak, 32 for the NASDAQ at its peak in the negative way. But you know, since then we've rebounded to having some really, really good years. But being prepared every moment is worthless if you have no capital to deploy. Right. So Boren Buffett, that's Warren Buffett's things like we, we don't wishful pullbacks, we wait for them because we know that's opportune time to invest.

[Rashad]

Yeah, I mean it all comes down to just, you know, mathematics. If last year, not too far away from this year, in April, Nvidia was $94. So now it's almost, almost double that. So from a share perspective, 10,000 shares last year, that same amount of money will get you 5,000 shares today. So with the accumulation, with the idea to accumulate as much shares as possible, that, I mean that's a hundred percent increase in not even just the price, but the shares. So buying at low prices is vitally important.

[Ian]

Yep.

[Rashad]

To accumulate in a lot of shares and then also obviously having more money in the stock market. So yeah, there's a crash. There's a crash every month in different sectors. Bitcoin was crashing, you know, over $70,000. But it doesn't necessarily have to be. That's nothing that people have to take into consideration. Well, there's always a crash somewhere.

[Ian]

Every single month.

[Rashad]

There was a crypto crash. There was, you know, you could say, okay, when the tech crash coming? Was the consumer goods crash coming? When is the precious metals crash coming?

[Troy]

Software is in it right now.

[Ian]

Software is in and out. Yep.

[Rashad]

There's always a crash somewhere.

[Troy]

Yeah, think about that. The, the max seven outside of today for 2026 were all negative. Like when Fridays close, every max heaven was negative for 2020 for the year.

[Ian]

Yep.

[Rashad]

What assets are you most confident about over the next six to 12 months?

[Ian]

I'm going to say this with love from the bottom of my heart. The same assets from six months now to 12 should be the ones you love five years from now, 10 years from now. So I'm gonna give you the typical ones. AI, of course or Nvidia, asml, tsm, Anthropic when it goes public. Open AI when it goes public. If Sam gets the together oil. XOM has been ExxonMobil has been in stock club forever. That's the easy pick. Thirdly though, agentic AI, particularly in helping you build a business and in your trading and investing to discover price points for where to invest. A lot of you are not using AI and I hope the prop last week helped. But the thing that I've been diving a lot deeper on is how to use agents to do price discovery and markets that are not publicly traded but have impacts on publicly traded markets. So you have to put those there. But of course AI, tech, healthcare,

[Troy]

oil

[Ian]

are the four and then of course gold. The same ones that we've been saying for my traders. I know you keep trying to rotate every month and I just ask what happened to the quantum was next thing even I brought that up in 21. Another thing, quit remixing my and present it to me like it Wasn't mine. Y' all didn't know nothing about no quantum nothing prior to the show. Respectfully and with love, I'm, I'm the villain. Let them be the good guys. This year I'm gonna be the villain. But AI, Nvidia, anthropic, TSM, Google, that's the ASML, Lily, Amgen, ExxonMobil. You don't need to rotate out of those. Those would be fine. Whether we hit crash, whether we the Federal Reserve chairman changes whether the war ends, those would be good. I think the biggest mistake is focusing all over on assets for a short period of time instead. A long period of time. But my answer does not change. Regardless if it's a six month horizon, three or 30.

[Troy]

I'm gonna put a disclaimer out because you said it a few weeks ago. I don't know if people took heed to it, but you talked about agentic AI. So I'll just say, you know, a lot of people use an open claw and they were. But you know what, what, what happened as a response was that is that Jensen said, all right, we'll create our

[Ian]

own open source, we'll make our own. My boy.

[Troy]

So now what? Yeah, right again. Give it out to him for free. Here's the software. I'm gonna give it to you because you know what, you're gonna come back and get the hardware.

[Ian]

Mm.

[Troy]

Right. So yeah, Nvidia for sure. I'll add. I know you said Exxon, but I'll add energy and infrastructure. And so GeV is definitely an asset that I would. I mean I'm, I'm in those calls. I have the stock. I'm bullish on it. Just because the build out doesn't happen without a couple things. Obviously energy is one of them, but the infrastructure is going to be important too. So I think Caterp from that standpoint, those are like two of my favorites this year. But everything you said is spot on. I agree with it wholeheartedly.

[Ian]

Rashad, what about you?

[Rashad]

Alternative money assets I think you gotta look at, especially over the next 12 months. Gold, Bitcoin. You know the monetary crisis is not going any, is not going away. Every day somebody has more theories on how the dollars is going to lose its reserve currency status eventually.

[Ian]

I'm telling you, bricks not real. Here we are. Okay.

[Rashad]

For sure.

[Troy]

Get your petrol dollars.

[Rashad]

So we gotta speak out. We gotta, gotta look at gold and bitcoin as the leaders in that have to.

[Ian]

And going back to your earlier point, if we go into a crash, they're gonna have to print the, the way out of the crash like they did in 2020. And gold is going to go up and bitcoin is going to go up even more.

[Troy]

Yeah, that like that's an interesting balance, right? If they, if they print more, then the value goes down a bit. But the only way to keep the dollar steady is to show its importance. Which is why the AI piece is so important. Because what are they spending on this CapEx? US dollars. Billions. I think it's between the max seven. I think they got. It's up to like 2.3 trillion spend.

[Ian]

And that one person has told me how they're gonna get a 3x return on the investment.

[Troy]

Mix up Jensen and, and Mark Zuckerberg.

[Ian]

Kudos to Zuckerberg. I ain't seen Marco entrepreneurs. This is how you know it's serious. I ain't seen Marco Priscilla on no vacation. He went to Miami, bought the house. Howard Schultz left Washington, went to Miami. You ain't seen him at Fayana.

[Troy]

Sexy.

[Ian]

They working.

[Troy]

And Google. Let's not, let's not discount Sundar. He's. He's, he's up there for CEO of

[Ian]

the year for sure. I wish. I keep saying that Google did everything I wish Apple would do for sure. But that's a lot of money to be invested in. Our entire return thesis for the next four or five years is centered around AI. And no one is saying here's how I'm getting 2x return out of this. You just really have to do it. Got to build a data center for a billion dollars. Have to ruin a water supply in Michigan.

[Troy]

We need energy.

[Rashad]

You need energy.

[Ian]

Let's kill people through data centers. All right. Some of y' all companies gonna blow up. Not Nvidia. But when this circular investment happened. Talk happens in four or five years when we in Mars. I'm gonna say told you isn't that

[Troy]

it just thinks about that investment piece like they're investing into the future. But part of me is just like, well, what else are they going to do with the capital? There's so much revenue. Right. Like you can research and development. Yeah, I get it. Yes. You can do all the things. Buy back shares, all the things. But at a certain point, like you have to just find out who the future is and say, hey, here's the 2 billion synopsis. Here's the 2 billion cadence. Here it is. Core weave. Here it is. Nibias. They become a venture capital firm for sure.

[Rashad]

Well, speaking of the goal, why haven't commodities run up during this time of Uncertainty.

[Ian]

They have. Oil is a commodity that has run up. Gasoline, a commodity, has gone up. Not in the oil or natural gas has gone up, but oats have gone up. And gold is a commodity that has gone up. It's right there. It's not like they're hiding it anymore. Maybe we haven't had a massive run of all commodities, but the ones that matter the most, that matter before have went up. So Bloomberg has a commodity index for my futures traders. It's backslash. Aw. But oil, oats, gasoline, futures, gold has went up. It's a great question, but how many more do we need to run? Even with commodities, you only need four. You only need four.

[Rashad]

Yeah.

[Troy]

I think people expecting like, oh, my gosh, we're at war. There's uncertainty. Gold's at 5,000. It should be at 6,000. And that's just kind of how it works. Like the price of the commodities come up that they still have to be purchased at those prices.

[Ian]

Absolutely.

[Troy]

So you just, you got to be mindful of that. It feels that way. The simple thing is, like, if it. Yeah, it feels like it should be that.

[Ian]

Yeah.

[Rashad]

What is Robin Hood about to go on another run after falling 50?

[Troy]

Let's do this.

[Ian]

I believe so, but it's going to take some time. I love, especially with the venture fund, because I've been having some conversations about people that are underappreciated for. With publicly traded companies. Not a not perfect company, but like, in terms of execution, I love how they rebounded. I love what they're doing with the venture firm. I just think the economic timing and pressure that we're facing is hitting them more than I think that it should. And not just because he's a friend of the show, but I. If they get to maybe 6,103, I think that'll start to be the bottom for them. Unless we go into another war, unless a nuke is let off, unless, like there's a black swan event. Right. But I don't think they should be down as much as they are. But the things I do love about him and that team is that they keep innovating at a very high clip. And as more tumult comes into the market, yes, some capital will leave, but you're going to see an influx. Especially if there's a crash, there's going to be an influx of people using Robin Hood like It was in 2020 for sure, because some of the opportunities are going to be so high. But I, I love the idea of him making a venture fund because if we're gonna be honest. All the real money are in the private companies. Like if you think some of the options and futures trades are great, man, get in some of these IPOs or pre IPO.

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[Ian]

I should say, and hold them for three or four years and see what the returns are there. So I think they're poised for a breakout unless we continue in this war or have another black swan event. What do you guys think?

[Troy]

Yeah, I, I like Robin Hood here. I actually like it here based on this RSI. It's oversold. Based on his 400 day EMA on its daily. It is now at that mark. I think I wrote it down here at 7282. We're sitting right here. I think there's a lot of things working in his favor. The uncertainty that the market is seeing right now, specifically when it comes to Iran in this war, we even, you know, when they speak, they say that this will be over in, in weeks, maybe, maybe it's, maybe it's not. But on the other side of this is a return, right? And when you start to see markets creep back up, you Start to see retail investors back in at an alarming rate. Right. And we've seen record numbers even last year. We're still seeing those type of numbers. Robin Hood makes a lot of money in options trading. And when the market is moving positive and things are moving like, you know what we'll see after, you know, potentially this is turns around, you'll see people making more trades. I think there's a couple things that predictive markets, which they said they saw a 300 increase last quarter. I think that doesn't change. If you think about what's happening in this quarter, specifically around sports, but they're seeing it in anything the Oscars like who is going to investment. They're seeing it everywhere. Predictive market is going to be strong for them and quietly is kept. It feels like cryptocurrency, which is a huge thing for them. Have we hit a floor right? Was was 60,000 net floor for us. And it feels like it's been trading, it's been consolidating in the 70s over the past week or two weeks, crypto starts to move up maybe to 75, 80,000. Obviously that's going to help out their brokerage as well, the subscriptions that they have, the services that they're providing. Now I like Robin Hood right here. I think there is going to be some upside going forward.

[Ian]

Rashad, what about you?

[Rashad]

Yeah, I mean, I think it's dependent on the crypto market a lot and we starting to see crypto at least bitcoin trim back up. So I think that that's a good sign for. For Robin Hood. But Robin Hood I think has a lot going for itself. But as long as crypto is down, it's gonna be hard for that to go up. Yeah, it really can't go up if bitcoin is down. So if bitcoin is bitcoin is starting to move up, then everything else is going to be beneficial in the favor of Robin Hood. But bitcoin I think plays the most important part

[Troy]

is a huge catalyst for them. Options trading number one revenue Bitcoin predictive markets. So it's 1, 2, 3.

[Ian]

And also as a reminder, February through March for down. Usually that second week of March starts to be the end of that bottom run happened in 2020. Like so, like from a historical perspective, February, like around Valentine, like the week of Valentine's Day through the 11th and 13th of March are just blood baths in the market. So if we can get this Iran situation straightened out, no pun intended, I think we will see some upside and as market money starts to flow into the market from the hedge funds and funder funds, I think we'll see some upside, for sure.

[Troy]

I think you put that post out on ig. Was it last week when you put out the history of February over the past, like, 15 years?

[Ian]

That's brutal, man.

[Troy]

Yeah, Yeah. I mean, that should give context to. Context to somebody who might just be beginning in this or just started investing in the past two or three years. Look at it from a historical standpoint. It gives a little bit more context to what you're witnessing right now.

[Ian]

Yeah.

[Troy]

Inside of a, you know, a war. And that was started.

[Ian]

I got a question for you. Speaking of, about Invest Fest, what person? Well, you haven't announced people yet, but which person do you think is going to be, like a breakout star or breakout speaker at Invest Fest that they like? If they get their tickets today, which you should. They have to see?

[Rashad]

Yeah, for sure.

[Ian]

Every year's one like one of them. Rich Paul boy. He made me go back home and get my notebook. It's been a few people. Every Magic Johnson, tough act to follow. And even him, he gave you a warning, Got three years. I don't know how many times he said it. Felt like he said it 32 times. But for a person to get even Jack being in the bunker with the fan on the floor, that's an indication Jack's one of the greatest capitalists in American history. I was telling me this on Stock Club, and he's working day and night on new projects. That should tell you something. But for this year, is there anybody that you think will be a runaway star that will steal the show?

[Rashad]

Yeah, for sure. You know, audience, we putting together the lineup right now. We haven't announced the lineup, so you're asking for, like, a sneak preview.

[Ian]

You know, I gotta get that people what they want.

[Rashad]

Your Mondays.

[Ian]

Yeah.

[Rashad]

All right. Yeah. Let's see. Who can we give? Who can we give away?

[Troy]

Yeah, this is.

[Rashad]

This can we give away?

[Ian]

John o'. Brien. Always bring the fight. He another hard act to follow. My Lord, that's a fact. Junior Bridgman cooked Rest in Peace. Of Soul.

[Troy]

Yeah.

[Rashad]

Rest in Peace.

[Troy]

I like Ian Dunlap's performances, man.

[Ian]

Thank you, brother. I appreciate you.

[Troy]

I like his. I feel like people look forward to it. I feel like it's always theatrical, I think, you know, even when we travel the world, people ask us about, like, who is this? If they don't know it, they like, who was that guy that did that? He was up there and the whole crowd was Chanting who? Who was that guy?

[Rashad]

So I'll say, I'll say.

[Troy]

I say they should be definitely in tune and looking forward to 100.

[Rashad]

Well, I'll say this sneak preview. Sneak preview. I believe there's, there's three black CEOs of Fortune 100 companies in America and we do have one confirmed. So I'll say that I won't give the name yet, but I will say that there's, there's only three, I believe black CEOs of Fortune 100 companies and we have one for Invest Fest. Make sure you see that conversation because that's very rare moment to see somebody, you know, rise to that level of corporate America. It's almost impossible if you really think about it. So that's somebody that we've been actually been trying to get for years.

[Troy]

Brilliant.

[Ian]

Hold on, say it again. Because they. People don't see that part of oh, well, y' all just put it together. No, I told you over the weekend, like I commend you for doing it year after year. It's a lot of work to follow up with the person and their team and their management for four and five years of getting something done and that go.

[Troy]

And that's like that four or five year pursuit is sometimes you don't have relationship with, but sometimes you have a relationship with the people and it's just the timing just doesn't work.

[Ian]

Yeah.

[Troy]

Which is always interesting proposition. Like, hey, I know you said last year, but what? Yeah, but it's brilliant mind. Just a brilliant mind.

[Ian]

Good. I just remember even Magic for last year. I remember y' all first. I think I talked about that in 21. Oh, man. So this year is going to be an amazing year given the timing of what's going on. I'm not just saying it because I'm going to be a part of it, but get your tickets to my best Fest. Now, if you got a Fortune 100. Oh my God,

[Rashad]

that's a fact. So many different lessons as far as Intrapreneur. We talk about Intrapreneur.

[Troy]

Yeah.

[Rashad]

You don't always have to be an entrepreneur to make a lot of money and to be one of the most important people in the world. But man, when you're talking about, you know, one of the Most important, influential CEOs in, in in the world will be at Invest Fest. And then so much. Yes, take advantage of Invest Fest, man. Get your tickets. But do remember the pitch competition. The pitch competition is live for about another month. You only have a few more weeks left to actually submit to the pitch competition. If you have a tech component in your company, $125,000 will be rewarded. That's via Paul Judge. Shout out to Paul. Last year he gave away two. He invested 250 000.

[Ian]

Yeah.

[Rashad]

Two companies. He didn't have to do that. Two founders got 125000 each live on stage Invest fest one of the highlights. So make sure you take advantage of that. Any, any ticket holder, general mission, VIP doesn't matter. Any ticket holder can apply. It's on the website. I believe there was some glitches. We fixed that. So if you have a ticket you have a tech component. Doesn't have to be a tech company per se. A tech component to your company you can apply and it doesn't have to be a company that's making millions of dollars. It could be at the beginning stages. So take advantage of that. VIP night is gonna be black tie affair this year. A whole different theme. We're gonna be announcing that that's gonna shake the room.

[Troy]

You can start getting tailored now.

[Rashad]

That's gone

[Troy]

now.

[Rashad]

That's gonna shake the room. So man, you know it's. It's difficult to try to you know up up the the ante every single year but we gotta. We got got no choice because if you set the bar so get your vendor. Vendor booths if you're a vendor man. So yeah, go to investfest.com. get your tickets please. What are four stocks you hate right now?

[Ian]

Oh wow. I've been waiting.

[Troy]

Let's see if we got the same

[Ian]

for now Real it's. It's a few so let's go.

[Troy]

Oh let me. I'll start if you want start because

[Ian]

I gotta clean up one because I want you to get a call. Go ahead.

[Troy]

I appreciate that.

[Ian]

Thank you.

[Troy]

Because you know we're going to.

[Ian]

You know what.

[Troy]

When we saw the word hate. I really don't like the word hate. But if I have to go with it here, hate has to go from within. I got to look at companies that I once looked at and said I like them and I saw promise in them. And so the hate's going to start from within. So my first company is HubSpot.

[Ian]

Okay.

[Troy]

Yeah, you know, software. We want to talk about corrections. This is deeper than correction.

[Ian]

Right.

[Troy]

When we, we spoke about HubSpot it was in terms of that mid tier entrepreneur, small business, medium sized business that was using CRMs and obviously we saw Salesforce pull back that was more for enterprise but the entire space is pulled back. HubSpot Yeah, I hate it at this price. I'm not sure how they're going to correct this, but it needs for correction. There's need. So that's my first one. My second one is DraftKings. If you were day one, market Mondays, DraftKings for a long time we went all the way up to 77 with it. Let it go. It's now trading at 25. And part of it is the moat around what they do doesn't exist. Right. When we think about DraftKings, we think about who is his competitor. FanDuel fall into that category. Drinks on her Flutter. Obviously Control is the owner of FanDuel. MGM is in that space. You got predictive markets now that are kicking down the door inside that space. It's going to be trouble. The spending that they had to get the promotion out for, it was a lot. It's a tough climb, black uphill for them because there is no competitive advantage.

[Ian]

Right.

[Troy]

You can try to do the giveaways all you want. There's nothing stopping the next. There's no market from doing that. So DraftKings would be my number two. UnitedHealth is my number three.

[Ian]

Yeah, that's. Yeah, it's on my list. Great mouth. Single light.

[Troy]

I mean, do we need to. Yeah, United, obviously, for obvious reasons. And my number four. And this is crazy, I bought this stock in 2009.

[Ian]

This is real quick. Isn't it crazy that the killer of the UnitedHealth CEO is more popular than the new CEO? That's when you know a stock is

[Troy]

messed up, there goes an indicator. And the crazy part is that it's still trading relatively in the zone that it was when I bought it in 2009.

[Ian]

And that's Verizon and they have such a great business. But the stock will not move.

[Troy]

It just doesn't move. And I know, yes, if you're looking for dividends, it does play a decent dividend. But when I'm looking at companies like T Mobile and I'm seeing them partner with Google for exploration and to spend, I'm seeing innovation. I'm seeing like they're thinking ahead. Right. Like I just don't see it from Verizon and I haven't seen it and I'm an actual customer, so hopefully I keep everything straight. For me, I just don't like it right now. I just don't like it. So that'll be my foil. HubSpot, DraftKings, Verizon and United Health for

[Ian]

me, since you said it. UnitedHealthcare, complete onslaught.

[Rashad]

No pun.

[Ian]

Intended. God rest Assault. I don't. I haven't heard a plan for how they're going to recover. And that's scary to me. Number two, PayPal. I don't know what PayPal in this new era is going to do to stand out and be more efficient or even be competitive in the landscape because now you have so many competitors. Used to be a darling company. We all know about PayPal, mafia, the great leadership that came from that cohort. But I don't think they'll ever get back to that greatness they once had. And the stock is in pure free fall. Number three, Plug. I know a lot of you were big on Plug and I told you this is the time of the show. I tell you, everything's not created equal. Number four. So when I came out with Nvidia thing, everyone's like, yo, the next AI bbai. Once again, if you can't tell me that who the CEO is or what they do, it's not a great company. So I know AI has had a precipitous rising and for some companies to decline, but if you don't have an edge in a field that is printing trillions of dollars, not good. And lastly, Msty, MicroStrategy has had enough of a free fall. Shout out to all the MicroStrategy army pioneers. Love y'. All. But when you start getting derivative products on, on the stock, No good. So PayPal, UnitedHealthcare, Plug, BBAI and MSTY and I saved you from a phone call, brother. That's such an amazing organization. From the bottom.

[Troy]

Yeah, I really. Yeah.

[Ian]

Multi decade supporter.

[Troy]

Lifetime.

[Ian]

Yeah. For real.

[Rashad]

Yeah. MicroStrategy is one that definitely was a major disappointment for a lot of people given the hype that Michael Saylor had around last year and when Bitcoin was on the rise. So is MicroStrategy just over forever or. Because, I mean, if Bitcoin goes back up, then you could see a rise in MicroStrategy stock. Or is their business model just broken? And even if Bitcoin continues to go up, MicroStrategy stock is never going to be what it once was.

[Ian]

I keep saying it. There's two things that you have to worry about. And this part of conversation that we had with Kathy at Invest Festival, going back to that, like, I push back on the program because of who came up with the. The commentary. But you're right. Michael Saylor is anti the establishment and so is Cathie Wood. There's a competitive threat that comes with that. But to the business model, business Model is broken. I've been saying if they come out with a hit product with the bitcoin strategy, they'll be okay. But just to solely say, hey, invest in me and I could be a proxy to the investment. That's never worked out. Josh Brown came along and said it like, if you look historically, how many times this has been done, 98 of the time. It doesn't work long term because it ends up being a margin call issue. Or you have a congressman who doesn't like them and they come after you. So can they rebound? Yes. But I think he should go to chairman, find a new CEO integrated product, and then I think from there they'll be okay. If you love MicroStrategy and that's your white Jesus, don't message me. If that's the father you pray, don't message me.

[Rashad]

You.

[Ian]

You know what's funny to me? Something my guy, Kurt. Yo. When I started seeing Michael Saylor put up the Titanic in the background of his AI pictures, that was a signal that was about to go awry. At least he let you know when it got to that five something and he had the red eyes with the Titanic floating, he had to lay old boat next to him. I saw he knows I'm coming. They don't even let him in all the crypto conversations. So is he more astute about crypto? Yes, but the issue is when you have people in power who see your model working and they take it from you, that's not going to be. That's not going to fare well for your business long term. So I hope he's able to recover. I think he's an amazing person and a great investor and all the things.

[Troy]

But all the things.

[Ian]

He's not the white Jesus.

[Troy]

You got. You got four.

[Rashad]

Well, the micro strategy, I think is the most important one because that was the one that I think was really harmful.

[Ian]

Overhyped.

[Rashad]

Yeah, that was really harmful to a lot of people's portfolio, especially crypto enthusiasts, because that was a way to get how it was pitched was, you know, you get over leveraged returns, which I guess it essentially let it work, that prophecy, because you get over leverage returns on the downside. And true, it definitely did that as well. But, you know, I think a lot of people looked at MicroStrategy as a way because if you, if you missed out on Bitcoin when it was $5,000 or $10,000 and it's like, okay, even if it goes from 100 to 200, then, and people wanted that 500 return and MicroStrategy, I mean, it kind of gave them that. That sense that you could still get oversized gains without even doing options. Just a regular stock.

[Ian]

Yeah.

[Rashad]

Tracking Bitcoin, moving dollar for dollar as far as the track. And unlike ibit, which just like just tracks the performance, this was actually modeled after the performance of bitcoin, but with more leverage. So you're already taking a very volatile asset and adding more volatility on top of it. And, you know, for the Bitcoin Maxis, it was like the best thing ever. Because why would you not want to get maximum gain on something that you believe is only going to continue to go up over the course of time? But, you know, when you start adding the prices that he brought it at and then not having any real other revenue come in besides Bitcoin and, you know, idea is a very good idea, but when put to test, it didn't pass the stress test. But it's not over yet.

[Troy]

It's not.

[Ian]

It's not over.

[Troy]

Yeah. This was that. What you just spoke of was. That was my hesitancy into. Into investing in it. It was like, what happens when the leverage goes negative? How long can you stay in a positive position with the. The equity price if the asset starts turning negative and it starts to consolidate? Right. If you're buying, it's not like you're buying when it hits lows, you're buying a really no rhyme or reason. Right. You're buying whenever you feel like, yo, it's time to buy.

[Ian]

I know another guy who did that who's in the hills of Nova Scotia right now. When you buy. Doesn't matter. Just buy. Any time. Anytime someone tells you that. Absolute.

[Troy]

Yeah. The average price. What is the average price now? 97, 000.

[Ian]

No, I think Michael sailors. 76, 8. 68.

[Troy]

77, 70. Okay, so we're still. So we're still sitting below the average price that he bought it up.

[Ian]

Yeah. So. But. But if you can pray directly to God, why you need an intermediary? God is amazing. God is the greatest, for sure. Jamal Bryant on Wednesday. I need you to call in. Yeah, yeah, I need you to call in. Definitely. Definitely. I need you to call in, though.

[Rashad]

Yeah.

[Ian]

Tamika, Mallory, I need you this. Yeah, yeah,

[Troy]

definitely saw that.

[Rashad]

I mean, we could talk about Target stock because that's something that, no matter how you feel about, you know, the situation, just looking at it from a. From a stock standpoint, purely taking emotions out of it. Yeah, right. Just purely taking emotions out of it. They've been on the rise like six months ago it was 88.

[Troy]

Yeah.

[Rashad]

Now it's 117.

[Ian]

Yeah.

[Troy]

I mean far cry from where it was. But okay. Yeah.

[Rashad]

I mean, but so it begs the

[Troy]

question because I think that's what maybe you're. We might be alluding to the same thing. How much of the downside volatility was due to a boycott as opposed to just bad structure from a CEO standpoint, bad business model. How much do you think was attributed to the boycott itself?

[Ian]

Well, they had two boycotts. They had to the LGBT boycott at first and then our boycott. It had a tremendous impact. That's the reason why you got the CEO change. So you can have a combination of things happen at one time. Bad leadership. But the boycott and our dollar being removed from there, that was a real thing. Because if it was just a mere 20 or 30 day or 40 days fast from the company, it wouldn't have had this effect. But this was a multi year when they started that boycott. That was in 21 or 22. It has had a great impact on the company. And for those you actually we invest in it now. No, because Walmart is way better. Amazon is better now if you're doing it from a Costco, oh my God, this universe is apart. So from a swing trade standpoint, I get it. But if I'm looking long term, would I want to put money in here? No, it's other companies that are way more efficient.

[Troy]

But it.

[Ian]

Was the boycott successful? Absolutely. Was the management terrible? Absolutely. Now of course I know they've reimagined some things, but long term, nah, keep holding, keep holding. Holding the front line. So. And also there's other companies you can invest in that. And once again, every Fortune 500 company has some ill in it, has some scandal in it. So there's no perfect company, Apple included, Microsoft included. But if we decided that we're going to vote with our dollars not to support a company because we were mistreated, why are you going to put capital into it now? You got, you got to make a choice. Choice of choice. I wouldn't do it though. Rashad, your thoughts? Look, I heard a deep side.

[Troy]

What's up? So much confusion going on. Clear this up for us. Is this thing over?

[Rashad]

Apparently it's not. Jamal Bryant called off the call off. Yeah.

[Ian]

He recanted.

[Troy]

Yeah.

[Rashad]

So apparently it's not over.

[Ian]

It's my brother.

[Rashad]

I definitely think it lost momentum. I think that that was an unfortunate situation. How the whole thing played out from him speaking and then the backlash that he got and Then. And it's actually embarrassing if you really think about it, because it just goes to show that we have a deep rooted hatred of any level of black leadership. Whether you agreed with him or not, whether he started it or not, he was the most vocal person. He was the leader of it. You don't gotta start. You don't have to start something to become the leader of something. Unfortunately, that's just how it goes. He was the leader of the boycott. I mean, that just is what it is. And I just think that the criticism could have came in a less vocal manner online because ultimately all this does is just say, like, see, I told you that they not even they came in. They came, they fight amongst each other. How they gonna stand united for anything? So it was embarrassing. And I feel like, you know, part of the CIA's mission in the 60s and 70s, it wasn't just to kill black leadership, but it was to instill distrust in any black organ.

[Ian]

Oh, you're cooking now. Go ahead, my brother. You're right. You are right.

[Rashad]

So you can't have, you, you can't have success without a strength in organization. No, no group of people have success without a strong organization. We don't have any strong organizations because we have no trust in black organizations and we openly disrespect black organizations. And you don't got to agree with somebody. But I just think like the, the pride that we have in openly disrespecting any level of black leadership organization, anything like that, it's embarrassing. And it's the reason why we can't make progress. Progress, because we always think from an individual standpoint.

[Ian]

I agree. Well, I think the mistake was doing in front of the target sign. That looked crazy. But I definitely agree with you. The, like, it was more vitriol for him about that boycott than I ever saw for Charlie Kirk, than I ever saw for Donald Trump, ever, than I ever saw fries. So. But we'll talk about it on Wednesday. Troy, you have any thoughts?

[Troy]

I just need a commentary from y'.

[Ian]

All. I mean, you're a smart man, yo.

[Rashad]

Yeah,

[Troy]

I get it. I guess people are confused by it. The backlash is part of, it's what comes with leadership. I almost feel like, like this is what sucks, which is the unfortunate part, which is why not many people are leaders in this world, which is why when people step to the forefront to do it, you, you give them credit for the courage to, to be in that position and what comes with that. And whether it's good or bad, it's

[Ian]

being a Leader Overrated.

[Troy]

Is it overrated? Public facing?

[Ian]

Probably shot. What you think?

[Rashad]

Yeah, for sure. Definitely. There's no, there's no benefit in it as far as being a black leader. There's no benefit. There's no benefit in being a black leader because the only thing they're going to do is target you from a white standpoint, then black people gonna call you a sellout. What black leader has not been targeted by their own people?

[Ian]

People.

[Troy]

Yeah, that's what. And that's the part that is so important.

[Rashad]

I mean, even. Not to cut you off, but even going back to people that we. We glorify in. In death. But they were targeted by black people when they was alive, for sure. Malcolm X, Martin Luther King, like we, like Martin Luther King, had a lot of hate, not just from white people when he was alive. A lot of black people didn't like him either. And there was a lot of. There was a. There was a, A lot of distrust and, and hatred towards Malcolm X when he was alive from black people.

[Ian]

Absolutely. Justice just passed. Same thing.

[Rashad]

Yeah.

[Troy]

That's why I said the moment that we live in now. And I want I highlighted public facing because. Yeah. Some people may look at you as a leader, Ian. Some people may look at us as leaders. I think the most important thing is that there's no catapulting. Like, you are our leader, you are our savior. Most important thing at this generation is that the information is what's leading because there's no face to that. Yeah. Let me just finish it because. And I've always thought this, right? Like, if I give information, you never know who gets it. You never know who it inspires, who it educates, how that impacts them, how it impacts their community. You can't kill that information. Yeah. You could potentially do something to the person who gave it, but you don't know where that spreads. And that's what makes it so contagious. That's why I think technology, what we've done here, it lives on forever because you don't know who it impacts. It's tough to find it when you find the one person that is the leader. Yeah. If we cut the head of the leader off, what happens to that moment? What happens to that movement? It could die with it. But. But this, the information that spreads, how do you. How do you contain it? How do you quantify it? How do you try to control it? You don't, because you don't know where it went.

[Rashad]

Yeah, but there's never been a group of people in the history of the world that have better dead condition by having no. No leader at all. It's good from an individual standpoint, people helping themselves. But it's not, it's not sustainable long term to have. And that's the reason why Jake have a J. Edgar Hoover said that the greatest threat to the power structure of America is the rise of a black messiah. Yes, as far as the information faceless and that's important, but as if we never have any. And it doesn't have to be an individual person, but if we never have institutions, we can't go far. And there's a reason why Israel is so powerful. Because they have institutions from apac. No, no, not even like that. But I'm just saying. No, I'm just saying. But that's, that's the reason though. Like that's the reason Jewish Coalition, they have, they have institutions. We don't have any institutions, super pac, any group that has any level of reverence. We don't have reverence for the NAACP like that. Like we don't have. No disrespect but I'm just saying like once upon a time. But yeah, that's not sustainable for real growth. Like individually can people better their situations? Yes. Yeah, but you didn't institute collectively you need institutional strength.

[Troy]

I think that's how you reverse engineer it. Right? Because if. Let's just say that the information becomes something that gravitates people toward in a point of education. Right. Those people themselves now become a community within which then creates an institution. I agree with you. I think institutions are important. I just don't think it's the one person as much as it used to be. We saw how that that played out and it didn't work. I think the information spread the education that gets spread. It builds community within that educated population that is built within now can create number one. They're going to have wealth. Right. Because they've educated themselves. They figure out how to manage money, use money. What money's it? The importance of it, how it can help build. You come together with that now institutions can actually flourish.

[Rashad]

But what even institution do we have right now?

[Troy]

Well, you said the NAACP like you said, but we don't hold deep reference.

[Rashad]

I don't.

[Troy]

I said no, I said you said that. But we don't have. You're right, we don't have a deep reference for that. I don't know what the institution is now, but does that mean that there's no hope for the future? I think that's why I said this moment in Time this revolution, I would say the financial revolution itself is going to birth that.

[Rashad]

But it's not because why do you say. When I say institution I'm saying like we could, we could galvanize a hundred million dollars. We can galvanize the people. We can go put pressure. That's what apac, that's what all these political organizations do because they have capital but they have organization too.

[Ian]

Infrastructure, organizational infrastructure, long term 100 year institutions. The root of that is what regardless

[Troy]

they had the capital to do it

[Ian]

but some of them started grassroots and that's that.

[Troy]

That's what I'm saying that now you

[Rashad]

create that the infrastructure and trust. We can have money trust.

[Troy]

That's, that's gonna. Yeah that part.

[Rashad]

We can't have trust if we, if we just publicly humiliate anybody that has any level of leadership that's not going to lead to trust. Why would somebody want to be a leader?

[Ian]

And I also, even from my perspective that leadership point is tough bro. Just from the little that I go through like just seeing to make something mainstream. And then all of a sudden like my guy John told me the other day he like you, you live long enough to become the villain. I'm like how about the villain I tried to help. If that's all right cool. I'm scared the off. Okay cool if that but we're shout to your point like the American education system is a institution. The Rockefeller Institute. It's like we don't, we need those but don't have them get infiltrated, get taken over, get bought out, get.

[Troy]

So I, I like the brain that creates it.

[Ian]

Then y' all hate the, the brain.

[Troy]

The spark they got sparked or brains I should say.

[Ian]

Yeah so. But good conversation.

[Rashad]

Okay. Blackout. Do you think oil will creep above a hundred dollars per barrel and how long will the. I don't know.

[Ian]

I'm not a. A war expert but as far as do. Do I think we'll get to back to 100? Yes. We won't stay there for long. I think they're going to do everything in their power to make sure because they saw the backlash from oil being high.

[Rashad]

They said six weeks today. The Pentagon says six weeks. The war is going to last six weeks.

[Troy]

I don't think, I don't even think it can go that far.

[Ian]

I, I hope that is true. But the thing that they haven't considered is given that you killed his father, even though he doesn't have the maybe the chutzpah or the connection that his father did, you don't know military from a military standpoint, how he's going to approach it and what the recourse is going to be like even today like we, we touch under 9,350. But I hope this war is over in six months. Everybody said the Ukraine war is going to be over within a year. Five years in, we're five years in. And also too if I run a company that makes drones, do I want the war over in six weeks?

[Rashad]

Well, I also think that the historical timeline of us trying to predict boars being over is just really a guess. Like they'll just say anything because they said Vietnam was going to be over in six months and that that ended up being eight year war. They said that Afghanistan was going to be a year that ended up being the longest war in American history, 20 years. They said that this war is going to be six weeks. Like historically whenever they say they're just saying anything. And I think that now people is actually seeing that even with the school thing like he just said like no we didn't bomb the school. Iran bombed their own school. And now New York Times put out a report says that, that New York America definitely bombed the school. So what this just shows you is that you could just say anything but there's no, there's no, there's no way to predict the timeline in war because there's no way to predict the victory in war. How do you know if you've actually accomplished your goal? And if you want, you don't.

[Ian]

They won't even tell you what the end goal is.

[Rashad]

They don't.

[Troy]

They had an economist on and he was saying, you know, based on how oil and crude has moved, we're averaging about $6 a week.

[Ian]

Right.

[Troy]

So if you, if you pay set $6 a week for six weeks, that's an additional 36 to $40 to what we already have. And we're at 93 now. You're talking about over $134 a barrel. If you start ticking at those numbers, let's say that, that for like a week or two now you're talking about maybe a global recession.

[Ian]

Yeah.

[Troy]

Like it's just not, it's not sustainable.

[Ian]

Sustainable. I told you in Singapore like they're averaging 134 barrel. So we're looking here but we're not looking at the other countries that are

[Troy]

going through it as well.

[Ian]

So if that'll bring us up to that level they'll be at 170.

[Troy]

It's not now will they continue to fight and figure out, listen we got to open the street. I don't, maybe something like that happens. But I told you last week, the country that needs the oil the most, they're still getting it for sure. 15 million barrels a day.

[Ian]

Yep.

[Rashad]

I mean it was just a bad idea to get in to begin with. Like I said, if the, if the idea is to complete regime change, you're not, it's not, there's no end in sight because you're not going to just be able to just topple the entire government. It's not, it doesn't work like that. The government, their government is, is multi layered.

[Troy]

He said they're trying to negotiate, but he doesn't even know who he's talking to.

[Rashad]

Once again, just saying anything like I don't think anybody should have any level of trust in government and this, they shouldn't have had trust in government before. Even when Joe Biden, he was even

[Ian]

worse, he was lying.

[Rashad]

So I don't think, I think if you have any level of trust in what these politicians are telling you, you're an idiot.

[Ian]

What's respecting love from the bottom?

[Troy]

Respectfully?

[Ian]

Respectfully don't mean literally. Just politically on this particular point, you may be misaligned with the truth.

[Troy]

Yes. Because I like that. Misaligned with the truth.

[Ian]

Yes. A quick set. Over the last 40 years, the S P's 12 month run following a two day oil spike of 20 or more, six out of seven times the S P has been higher in a year after oil spikes. So for those of you who are worried, if we hit these tremendous spikes, how would the market fare out? 6 out of 7 times the market has ended up higher a year later. You're just going to have to sit through some pain as we go through it at the time.

[Troy]

So yeah, all indicators, I mean we've been saying it from the beginning, all indicators thus far have been pretty correct of where the S P is going to go. It looks like a positive year again. I mean the, the president said that it's a, it's a short term pain for some, some future gains. Everything's going to be great.

[Ian]

Watch those boats around Taiwan though. Well, I know y' all know y' all love Professor Jane and I do too. He's dope. But I told you on the show in 2022, that was.

[Troy]

You went into the crates for that had to.

[Ian]

I got the same kind of photo. Rashad, guys, background. I said, oh, I did say in 2022, the probability of happening from 24 to 26. And for those of you in Stock club. You know about the Venezuela thing a few months beforehand. Thanks to Nicole, thanks to Shelly for talking about this situation. Also my connections to Andrew tell me a few things too.

[Troy]

So you know what was on the other side of that. That. That piece was me telling you how much I love tsm and hopefully that doesn't happen. But yeah, you. You pay attention to everything. You shouldn't just discount or discredit when you see news like that. Like why else would those ships be there? Why would 26 ships be there?

[Ian]

I don't know. And we talked about this. Like I think you broke the news. Like they. They have a fail safe for the company tsm. But it doesn't mean that it won't create tumult in the economic environment if they do take back what they feel is theirs.

[Troy]

Yeah. I mean you pay attention to all news. Right. You have to them building here is a sign. But even Micron saying that we're gonna go build American company, we're going to go build in Taiwan full time.

[Ian]

Yeah. And just read every time I put up read would I read everything. Wall street journal, Bloomberg News, Algae 0go just go Reddit going to go in the deep dark trenches of the Internet. Then there's no money in criticism. Oh, y' all don't know. You don't. No. You don't know. Know.

[Rashad]

Yeah.

[Troy]

You don't know.

[Rashad]

Respectfully, of course. Respect.

[Ian]

I go hit that profile picture and go scroll back 42 weeks.

[Rashad]

You don't know. You really don't.

[Ian]

Sorry.

[Troy]

We can go back and forth with that one of you.

[Ian]

But going back to the leadership overrated 2019. There was nobody to give you no information on LNG or XOM or TSM or ASM. Melaleuca. The okay if I' ma be the villain. Let me play the bad guy all the time then. Gotcha. Y' all want to rewrite history Like I didn't say Nvidia and AMD together. I said it me good look so. But what do I know my next.

[Troy]

You don't know nothing.

[Ian]

It's just to stack the money up and just be out the way.

[Troy]

Keep firing.

[Ian]

Yeah.

[Rashad]

FICO is a little under 50 from all time high is now a buy or can it pull back more?

[Ian]

I like FICO a lot. I like a few of these reading agencies. But I think it could maybe get to maybe. Well if we stay in this way or if there's not a black swan but like a mini swan event that is named I think you get to 1050 and pull back. Do I Like it here though. Do I think it'll go up in a few years? Do I think it'll go up in a year? Yes. But when it got to 2402 you had to know that there was going to be a correction because certain stocks are not, not able to thrive at that two thousand, three thousand, four thousand dollar per share price point. So could they fall a little back a little bit more? Yes, for sure. But do I think long term it'd be okay? Yes. Should it be in your top five or top six companies? You invest in your portfolio by no stretch of the imagination unless you've had it for six or seven years. But it could pull back a little bit more and check on your own fico.

[Troy]

Check on it. And that. That's key, man. Having people who are using rating systems to check that. Yeah, it's on my watch list. I'm not investing in it. I think you, you kind of highlighted all the points. That's a steep pullback. This is something that was trading over 2100. Yeah. At one point. But even from the asset standpoint of owning own the shares in it from an option standpoint, it's just not even attractive because it's not worth it. The price that it costs plus to even have one contract. There's so many more opportunities out there in a space especially with AI the way it's moving to that you can benefit from. Yeah. It's on the watch list though.

[Ian]

Yeah. Once again you only need four. A lot of times people are asking a question. I get it. But you don't need and, and to. We have a personal friend shout out to my guy. I won't say your name but in the UK I'm like bro, go from 16 to 4. You can't because even if you got into a good position you may only have 20 shares. It's much better to have a thousand to two thousand shares and four companies or a thousand of each than to be spread so thin with 16 or 20 different ones that you're not able to make any real money from it. Put in chat. I only need four. I only need four. For my future traders only trade four assets. You don't need to trade everything that's available. You'll need to trade the German Dax and Milk Class 3 features. Just trade four things, bro, and call it a day.

[Rashad]

What makes this year's market different from other year cycles?

[Ian]

We talked about it. The instability in world leadership. This is probably one of the first times where most presidents and people that run countries have advisors around them who are telling them what they want to hear, opposed to the truth. At least when Bush was there, of course Rumsfeld had his angle and at least Powell said he was wrong once they said the weapons of mass destruction thing wasn't true. I think there's so much profiteering happening that there's no. The classic rule book of even fair reporting has gone out the window. So there's so much unrest and no one wants to be civil. Everyone has a gigantic ego and low morals and it makes for a bad environment. And even in the AI circular investment, it is reflective in that there's a lot of gambling in the AI market too, with no promise of returns. Because if the top leadership is doing it, why can't I do it theoretically? So that's what makes it different for me.

[Troy]

I think you got a few things that have happened in other cycles. Whether it was consumer demand, whether it was housing or whether it was financial leverage. Those were kind of the catalysts for it. And I think you, you touched on it. The AI infrastructure is, is what makes it extremely different. And not all AI really. You're talking about seven, seven to nine companies that are saying this is what we're going to spend, this is how we're going to make money potentially. And that has caused concern and pause for a lot of the market because if they're spending at that level and I'm a mid tier or mid cap company, I know I can't spend at that number. I can't even risk it because if it does, what happens to the company if we don't have a return on that investment? And so these seven to nine companies are kind of going out and saying this is what it is. In my estimation, I believe they'll be right and we'll be on the right side of it. But it's caused for some pause and some nerves and some credit default swaps to be released because the potential that if it doesn't. So I think that AI and 7 to 9 companies being the reason for it is what makes it vastly different rather than an entire sector of things. Hyperscalers are the reason that we are seeing this economic uncertainty.

[Ian]

Rashad, what do you think? Because I see your brain turning.

[Rashad]

Corruption.

[Ian]

Thank you.

[Rashad]

Comes to mind at every level.

[Ian]

Government, allegedly IPO level, publicly traded and pre ipo. We won't even talk about the private equity and then buying hospitals and how deaths increase 50% afterage corruption at every turn point.

[Troy]

We've seen that. I mean, yay. Told us that.

[Rashad]

Now this is this Is historic levels, right?

[Ian]

For sure.

[Troy]

CEA teamed up with the dea.

[Rashad]

Market market manipulation. Allegedly.

[Troy]

That's alleged. And for the record, that is that

[Rashad]

an all time high.

[Troy]

Allegedly. Allegedly. Yes. And it becomes even tougher to explain. This is true.

[Ian]

Yeah.

[Rashad]

I'll get your tickets to Invest Fest.

[Troy]

Yeah.

[Rashad]

August 7th to August 9th.

[Troy]

That's a fact.

[Rashad]

Atlanta, Georgia.

[Ian]

Funny.

[Troy]

Something you can trust for sure.

[Rashad]

Often imitated, never duplicated.

[Troy]

That's also a fact.

[Ian]

And speaking of people you can trust, tune into the episode Thursday. What time?

[Rashad]

12 o'. Clock. Sinai Bovell AI. We got Derek Falcon. Seven Dreams Wednesday. You know he gonna. He's gonna go crazy. You know he talk crazy talk honest.

[Troy]

Yeah.

[Ian]

We need more honest people in this world.

[Troy]

You want to hear what freedom sounds like

[Ian]

and consistent work ethic. Even like I was talking to Yummy about this. I'm like, Derek is shooting with a movie camera to put stuff on social media. Just think, just think in the consistency in that. One of my favorite entrepreneurs and people. So that's all gonna be good.

[Rashad]

That's a fact. That's a fact.

[Ian]

Ah, yeah. Corruption is the word of the day.

[Troy]

Allegedly.

[Ian]

Allegedly.

[Troy]

Yes.

[Ian]

Last fact of the week. Honda expects his first annual loss in nearly 770 years as a listed company. For all of you who want to tell me that the economy is so strong.

[Troy]

Did you see, did you see Porsche? Did you see Porsche, bro? 98 drawdown?

[Ian]

Yes. And y' all need to listen. Y' all are not certain companies. Great car. Don't get me wrong. But even the pricing for some of these companies.

[Troy]

Yeah, this is a China effect. China. Especially in the EV space. They said, look, there's no reason we're gonna. You should pay that when you can get this, this quality at this price now you become less of something that's attractive. I don't care if you're a legacy name 98. And like quietly, nobody's talked about it. But okay, because.

[Ian]

Because they don't want corruption. Allegedly. They don't want to reveal that other countries. Rashad, how many cars you see in China was better than some American brands?

[Rashad]

A lot.

[Ian]

Huawei put out a car with less capital than this company did. Y' all would have took Apple's.

[Troy]

Okay. Did you see that new phone? The Huawei? It. Yo, it. It starts as a phone, turns into a tablet, then you add two more in it. It turns into a camera. Like an actual like insane.

[Ian]

Huawei is probably. I don't want to do this for like clip worthiness, but Huawei is. Is a better version of Apple. For China. There's a reason they won't let them sell those products here.

[Troy]

You mean it's not a national security threat? All right, big day. Big day. Wednesday. Micron reports, y'.

[Ian]

All.

[Troy]

Micron reports Wednesday after close, I mean, all signs are pointing to a blowout quarter. I think triple digit growth, revenue growth is going to be. It's going to be fireworks.

[Ian]

Yeah.

[Troy]

So if everybody that's been in icron, congratulations, we should see some. Some momentum this week. Quadruple wishing Friday as well. So pay attention to all the things.

[Ian]

Yeah.

[Rashad]

All right, y', all, it's been real tap in. We leave.

[Ian]

Rashad, what are you optimistic about before we wrap up?

[Troy]

What are you happy about?

[Rashad]

Man, there's a lot, you know, when you. When you think of, you know, the success of Blackout, there's something that I think is really changing the game and giving a lot of people entertainment and education at the same time.

[Ian]

At the same time.

[Rashad]

You know, started that about a year. Year two years ago now.

[Ian]

Yeah, that's.

[Rashad]

That's took it off. Of course, you got Invest fest. We got global expansion play.

[Ian]

You know, it's a lot.

[Troy]

Stay tuned.

[Ian]

Yeah, Stay tuned. Yeah.

[Troy]

For all those writing the. The. The book on us. New chapter get ready. The chapter get ready.

[Ian]

I have no words to say my new things. Just to lie and say everything going bad. And thank y' all for tuning into the GMA thing.

[Troy]

Amen.

[Ian]

Appreciate y'.

[Troy]

All.

[Rashad]

Congratulations.

[Troy]

Amen.

[Ian]

I'm just gonna keep reminding some of y' all little naysayers real quick. Shout out to Geo, the whole staff, production crew, you know, generation Gotcha, gotcha.

[Troy]

Y' all be good. Love is love. Appreciate y'. All. And we'll see y' all Wednesday. Peace.

[Ian]

We got to talk about Kanye west. Maybe resurgence, too. Yeah.

[Troy]

Many people in the queue.

[Ian]

He was doing between 350 and 500 million per drop. First 48 hours.

[Troy]

Oh, yeah, Wes was saying that. Yeah, yeah.

[Rashad]

What?

[Troy]

I definitely was. Some of that money. For sure.

[Ian]

Oh, for sure. For sure,

[Troy]

actually.

[Ian]

All right, all right, y'.

[Troy]

All, Y' all be good.

[Ian]

Market Monday afterthoughts coming soon. Whatever.

[Troy]

We're gonna just keep y' all go, go, go get some to eat. All right, y'.

[Rashad]

All.

[Ian]

Love Peace.

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