Trump's Tariffs, Tesla’s 1,000% Growth Potential, US Crypto Reserve, Nvidia’s Fall & What to Buy Now

Summary

Market Mondays Podcast Summary
Episode: "Trump's Tariffs, Tesla’s 1,000% Growth Potential, US Crypto Reserve, Nvidia’s Fall & What to Buy Now"
Release Date: March 4, 2025

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Introduction and EYL University Updates

The episode kicks off with Rashad Bilal announcing significant developments at EYL University (eyluniversity.com). He shares that the platform is undergoing a major revamp for 2023, introducing 27 local chapters nationwide, live interactive teaching sessions, and 15 brand-new curriculums. Rashad emphasizes the expansion, stating, “The biggest just got bigger.” [00:40] Ian Dunlap encourages listeners to visit the revamped site, hyping the new educational experience designed to enhance investing and money management knowledge.

Future and Options Trading Strategies

At [08:14], Ian Dunlap highlights the success of two Red Panda members who each made over $200,000 in trading the previous Thursday. He attributes their success to disciplined trading strategies, specifically the use of four Exponential Moving Averages (EMAs): 50, 72, 200, and 420. Ian advises, “When you're shorting the market, you want to try and hit all four levels.” [08:36] Rashad Bilal echoes the importance of action over hesitation, emphasizing that knowledge without execution is futile.

Tesla’s Growth Prospects

Troy Millings brings Tesla into the spotlight, discussing Elon Musk’s ambitious projections for the company's growth. Musk retweeted a prediction suggesting Tesla could achieve a 1,000% growth rate within five years. Troy questions the feasibility, asking, “Is that possible?” [11:39] Ian Dunlap expresses skepticism, noting Tesla’s stock would need to surpass $3,000 without stock splits, stating, “A thousand percent is going to be very tough to achieve over five years.” [12:30] Both hosts discuss Tesla’s innovations, such as autonomous driving and potential expansion into autonomous taxis, debating whether these advancements alone can justify such exponential growth.

US Crypto Reserve Announcement

A significant portion of the discussion revolves around President Trump’s announcement of a US Strategic Crypto Reserve, incorporating Bitcoin, Ethereum, XRP, Solana, and Cardano. At [20:50], Troy Millings outlines the immediate positive impact on crypto prices: “XRP was up 33%, Solana up 22%, ADA up 60%, and Bitcoin up like 10%.” However, Ian Dunlap raises concerns about the government's diversified approach, suggesting, “If the government begins to buy it in the reserve, what happens when they liquidate it? They're going to tank the market.” [22:25] Rashad Bilal adds that congressional approval is essential, highlighting the complexity and potential volatility this move introduces to the crypto market.

Nvidia’s Stock Decline and the Semiconductor Sector

Nvidia’s stock performance becomes a focal point as it experiences a significant decline, falling over 11% year-to-date. Rashad notes, “Nvidia is pretty much negative year to date at 11%.” [29:58] Ian Dunlap advises traders, “The chip trade is over. It's done.” [30:29] However, Rashad counters, emphasizing that geopolitical tensions, particularly with China, continue to impact the sector. They discuss the potential for Nvidia and other semiconductor companies to recover if geopolitical issues are managed, underlining the intricate relationship between technology firms and international trade policies.

Market Predictions Amid Political Climate

The hosts delve into the potential effects of President Trump’s upcoming State of the Union Address on the markets. Ian Dunlap expresses apprehension, predicting negative impacts: “I'm terrified... Trump is going to say something to negatively affect us in the market for sure.” [47:35] They discuss the unpredictability of political decisions and their direct correlation with market stability, highlighting the delicate balance between political rhetoric and economic outcomes.

AI, Quantum Computing, and Tech Industry Insights

AI and quantum computing emerge as critical topics. Ray Dalio’s insights on the evolution of AI—from prompt engineering to large language models and now to inference—are discussed. As [85:15] Rashad Bilal explains, AI is moving beyond answering questions to providing real-time reasoning and design capabilities. The conversation highlights the high costs and technical challenges associated with quantum computing, stressing the importance of talent retention in tech firms to maintain competitiveness.

Stock Recommendations and Sector Analysis

The hosts provide targeted stock recommendations:

• Healthcare Sector: AbbVie and Thermo Fisher are highlighted as stable investments with consistent growth potential. Rashad emphasizes, “Healthcare is always going to be fine. It's the number one GDP mover in our country.” [81:29]

• Tech Stocks: Despite criticisms, Spotify and Mercado Libre are recommended for their impressive growth metrics. Rashad notes, “Spotify has done incredibly well... If this was an American company, I think we would talk about this a lot more.” [71:54]

• Chinese Stocks: Alibaba and Tencent are suggested as potential hedges against market volatility, especially with their investments in AI. Ian warns about geopolitical risks but acknowledges their growth potential: “Once again, the deep sea thing I think was a Trojan horse to tell you China's back.” [72:54]

• Retail Stocks: The inverse relationship between Walmart and Target earnings is discussed, with strategic shorting recommended based on earnings performance. Rashad mentions, “If Nike's numbers pulled down, what are Foot Locker’s numbers going to look like?” [102:17]

Upcoming Events and Listener Engagement

The hosts announce upcoming events, including a live session in Hampton, Virginia, and special episodes featuring interviews with notable entrepreneurs. They encourage listeners to engage with the content, highlighting the importance of staying informed and proactive in investment strategies.

Conclusion and Final Remarks

In wrapping up, Rashad Bilal and Ian Dunlap reiterate the importance of long-term investing and disciplined trading. They caution against rushing into trades without proper research and emphasize the value of community and shared knowledge in building successful investment portfolios. Notable quotes include Ian’s reminder, “Please put y'all some chat. No stuff. No stock club called this week.” [06:08] and Rashad’s emphasis on executing research: “But if you're not actually applying the notes, then what's the point?” [10:02].

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Notable Quotes:

• Rashad Bilal [00:40]: "The biggest just got bigger."
• Ian Dunlap [08:36]: "When you're shorting the market, you want to try and hit all four levels."
• Troy Millings [11:39]: "Is that possible?"
• Ian Dunlap [12:30]: "A thousand percent is going to be very tough to achieve over five years."
• Troy Millings [20:50]: "XRP was up 33%, Solana up 22%, ADA up 60%, and Bitcoin up like 10%."
• Ian Dunlap [22:25]: "If the government begins to buy it in the reserve, what happens when they liquidate it? They're going to tank the market."
• Rashad Bilal [71:54]: "Spotify has done incredibly well... If this was an American company, I think we would talk about this a lot more."
• Ian Dunlap [47:35]: "I'm terrified... Trump is going to say something to negatively affect us in the market for sure."
• Rashad Bilal [81:29]: "Healthcare is always going to be fine. It's the number one GDP mover in our country."
• Ian Dunlap [85:15]: "But how politics work, that's a whole nother discussion that I won't get into."
• Rashad Bilal [10:02]: "But if you're not actually applying the notes, then what's the point?"

Key Takeaways:

1. Strategic Trading: Utilizing multiple EMAs can enhance shorting strategies, but disciplined execution is crucial.
2. Tesla’s Ambitious Goals: While Tesla has potential, the projected 1,000% growth may be overly optimistic given current market and leadership dynamics.
3. Crypto Market Volatility: Government involvement in crypto reserves introduces both opportunities and risks, particularly regarding market stability upon liquidation.
4. Semiconductor Sector Concerns: Ongoing US-China tensions continue to impact the semiconductor industry, necessitating cautious investment strategies.
5. Healthcare and Tech Investment: Stable sectors like healthcare remain reliable, while select tech stocks like Spotify and Mercado Libre offer significant growth potential.
6. AI and Quantum Computing: These technologies are pivotal for future market developments, but require substantial investment and talent retention.
7. Political Influence on Markets: Presidential actions and rhetoric can have profound and immediate effects on market sentiments and stock performances.

Final Advice:

Rashad Bilal and Ian Dunlap urge listeners to focus on long-term investments, maintain disciplined trading practices, and stay informed about geopolitical and economic developments. They stress the importance of community, shared knowledge, and proactive engagement in building a resilient and profitable investment portfolio.

Transcript

[Rashad Bilal]

Earners. What's going on? Listen, EYLU is relaunching, revamping, retooling. That's right. We're creating a new educational experience that's more expansive. Shoti tell what we got.

[Troy Millings]

Yes, 20, 23. We got a lot in store, a lot planned for you guys. So you know that EYLU already includes monthly financial planning calls with me, book club calls with Troy, real estate calls with MG the mortgage guy, access to the home buying blueprint volume one and volume two. Part of the revamp will include 27 local chapters from across the United States. Live interactive teaching, hands on, not just pre recorded videos. Plus 15 brand new curriculums.

[Rashad Bilal]

The biggest just got bigger.

[Ian Dunlap]

Head over to eyluniversity.com that's E Y.

[Rashad Bilal]

L U N I V E R S I T y dot com.

[Ian Dunlap]

See you there. Today's episode is sponsored by Smart Travel, a new podcast from NerdWallet. Smart travel doesn't just cover points and miles. They break down all the financial aspects of your trip. Whether that's the best days to book, how to avoid hidden fees, or which fancy travel credit cards pay off and which ones are just an expensive flex. If you want your travel budget to work harder, then dive into the best deals, products, services and more with Smart Travel from NerdWallet. Wherever you get your podcasts.

[Danielle]

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[Rashad Bilal]

It's Monday.

[Ian Dunlap]

Happy Monday.

[Rashad Bilal]

Glorious Monday for sure. Not just any Monday, beautiful market Mondays.

[Ian Dunlap]

How y'all doing?

[Troy Millings]

What's good? Yeah, we got the. The band all together.

[Ian Dunlap]

Glad to be back in the city.

[Rashad Bilal]

The band is back.

[Troy Millings]

Ian is. Ian is out here.

[Rashad Bilal]

Snowman in the flesh.

[Ian Dunlap]

Moving.

[Rashad Bilal]

And yes, he has a Scully on. It's that cold out here right now.

[Ian Dunlap]

I was shocked, right?

[Rashad Bilal]

My Lord, it really is that cold.

[Troy Millings]

Moving and grooving. Okay, so it's a lot to talk about, a lot going on in the world. First and foremost, Happy birthday.

[Rashad Bilal]

Yes, appreciate that, Appreciate that. Shout out to everybody that showed all that birthday love today. I definitely needed it. Man. It's been a. A trying couple days, but I appreciate it. Shout out to all the Pisces out there is definitely our season. There's a couple other Pisces. I'll shout them out later in the show. But greatly appreciate the birthday love, man. It's been. It's been real.

[Ian Dunlap]

Of course, when you're legend, icon, amazing father, you call me and shoddy down a lot. We don't listen all the time.

[Rashad Bilal]

I appreciate all y'all, man. Yeah, yeah, it's all good, man. Appreciate everybody pulling up to. To Carnegie hall last. Last week.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Incredible conversation. That was dope. We had shot his birthday party right after that.

[Ian Dunlap]

Iconic.

[Rashad Bilal]

I mean, it's been a great couple of days. Shout out to Woodlands. Well, our old high school, my old alma mater, you know, shy was too good. He left us. Yeah, he took it. He took his talents to prep school.

[Ian Dunlap]

Oh, yeah, yeah, yeah.

[Rashad Bilal]

He took his town to prep school. But they playing for the chip next weekend, so shout out to them.

[Ian Dunlap]

Oh, that's fire.

[Rashad Bilal]

It's been. It's been an eventful weekend.

[Troy Millings]

Yeah, for sure. For sure. It's a lot going on in the world. Tune in the Blackout.

[Ian Dunlap]

This.

[Troy Millings]

This. This week gonna be spicy. 10:00pm Eastern Standard Time. And Thursday we have a dope interview. We'll talk about that later on the show, but tune in Thursday for the interview as well.

[Rashad Bilal]

So you're gonna tell them what's happening on Blackout? Not even gonna tell him.

[Troy Millings]

Well, yeah, we might have audible.

[Rashad Bilal]

Okay, okay, okay, okay, okay.

[Troy Millings]

We'll discuss after.

[Rashad Bilal]

Okay.

[Ian Dunlap]

Omaha.

[Troy Millings]

Maybe. Maybe it's. It's. You never know.

[Rashad Bilal]

Okay, all right, Makes sense.

[Ian Dunlap]

But we do have one of the same thing, though.

[Rashad Bilal]

I'm like, damn. I definitely would have told him.

[Troy Millings]

But we do have Carolyn Harrison this Thursday for EYL. 6:00. She's a dope. Then she's like a billionaire or close to it. So you know Fat Joe and they got the rewinded time.

[Ian Dunlap]

Yep.

[Troy Millings]

She owns the company.

[Rashad Bilal]

Yeah, yeah, yeah.

[Ian Dunlap]

Okay.

[Rashad Bilal]

She's a. A mogul. Like, when she walked in the room, you felt mogul. And then as we did the interview, I was like, damn, this is really a mogul. And then when she explains how she runs a business, it's like, stamp.

[Troy Millings]

Yeah. Latina, Puerto Rican. And. Yeah, she. She's been in the beauty space for years.

[Ian Dunlap]

Okay.

[Troy Millings]

Women's hair. And you're part of her portfolio of products. Is that. Rewind the time.

[Rashad Bilal]

Winded that.

[Troy Millings]

Khaled and Fat Joe and. And Nori. He's a. He's an ambassador now as well. I think Kelsey too.

[Rashad Bilal]

Yeah, Travis Kelsey, Tyson Beckford. Earn your leisure soon to be these bands. I mean, why not at this point?

[Troy Millings]

Why fight the time when you could rewind it?

[Rashad Bilal]

This is true.

[Troy Millings]

So, yeah, check that out. 6:00. And Troy, you got options class?

[Rashad Bilal]

I do. We are back. We are back this Thursday. There's a lot to talk about. I've been talking to some. Some corporate people. We'll leave the company's names anonymous. But, yeah, I gotta report to the people what some of these conversations have been. I know a lot of people have been watching the market over the past few weeks, and they're like, oh, my gosh, it's fallen. Which is why we invest in strong companies. But, you know, sometimes when the insiders talk to you, you take notes. And I definitely did that. But I'm gonna share what? Eyl University, this Thursday. So make sure y'all there.

[Ian Dunlap]

Yeah.

[Troy Millings]

All right. Okay. Ian, any announcements?

[Ian Dunlap]

If you want to get rich from the market, go to ianvest.com. listen, I don't have to tell y'all why to join if I made you money. Please put y'all some chat. No stuff. No stock club called this week. We'll be back next week. And I love y'all. Let's have an amazing show.

[Troy Millings]

Yes, sir. All right, let's. Let's get it.

[Rashad Bilal]

Oh, hey. Ladies and gentlemen, I love this. We are interrupting our regularly scheduled program.

[Ian Dunlap]

Much needed, much necessary.

[Rashad Bilal]

Hey, thank you, honey.

[Ian Dunlap]

This is.

[Rashad Bilal]

You know what, man? A happy wife is a happy life, and these are the rewards. So shout out to my Danielle. Thank you. Hair's looking lovely. See you later, little lady. But I appreciate it. Yeah. Shout out to the birthday love. Am I supposed to eat this right now? I'm supposed to do with this. I'm gonna put it on the side. No, no, no, no, no, no, no, no, no, no. I'm gonna be respectful. I'll put it on the side. I'll eat a strawberry, though.

[Troy Millings]

There you have it. Oh, birthday, birthday vibes.

[Rashad Bilal]

There we go. That's a verse.

[Troy Millings]

Impromptu.

[Ian Dunlap]

That's fire.

[Rashad Bilal]

Okay, let's do it. Let's start this thing.

[Troy Millings]

Yeah, let's do it. Okay. Disclaimer.

[Rashad Bilal]

Oh, man. Y'all know how this works, man, do your own research. Our content is intended to be used and must be used for informational purposes only. It's very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with or independently Research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise. I know how this works. Continue to do the research, continue to share the research. And when it's good research, tell the people you got it from. That's how we build community. That's how we show love. That's how we grow. That's how we make money. That's what we're here to do. So keep doing that. Y'all love us.

[Troy Millings]

Love. Okay. Okay. So where should we start? Let's start with future trading. Tip for the week.

[Ian Dunlap]

Shout out to the two members in Red Panda that made over 200 grand on last Thursday. I'm proud of y'all. I know y'all see me out here shaking and moving. I haven't left my core and neither have they. So I'm proud of y'all. When these moves happen to the downside, it helps to have four EMAs on your chart.

[Rashad Bilal]

Which one are you using?

[Ian Dunlap]

50, 72, 200, 420.

[Rashad Bilal]

Okay.

[Ian Dunlap]

I gave away at Invest Fest. The key point, though, is when you're shorting the market, you wanted to try and hit all four levels. The 400 is a little bit tougher, but ideally you can have it fall through three levels because a lot of times if you're shorting, people are like, when do I get out? 50 is the first mark. 200 is the second mark. Excuse me, 72 is the second mark. If it gets to the 200 day moving average and we're falling there, you can start to look to exit. But when we have these big drops and everyone's like, the world is falling apart, it's really important to take advantage of the moves because you can make more money trading to the downside than you can. The upside trading has considerable risk. Both people who made that amount of money, they've been trading for three years plus. It's going to take you time to get there. But if the market is falling apart and there's weakness in the market, which Trump is going to give us, given his economic plans and policies, you have to take advantage of the move.

[Rashad Bilal]

So, yeah, and I think that goes true for, for future trading, options trading as well. When and especially when we look at those EMAs and a lot of the companies that we speak about have hit their 20 day. Right. Some of them have gotten down to their 50. I know you said the 72.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

What do you do when that happens? Right. Like, a lot of people will be hesitant. Right. They'll have these notes written down. It's like, oh, it hit the 72 day and they don't take action.

[Ian Dunlap]

You gotta take action.

[Rashad Bilal]

You gotta take action. It's the most important thing. Like it's good to write the notes and it's good to study the notes, but if you're not actually applying the notes, then what's the point? So these are not just things that are exclusive to futures. It's the same thing in options. And so like when it hits those metrics, when we see a Palantir and we'll talk about a couple other companies that we're watching that have pulled back 10, 15%, there shouldn't be a question, is, hey, is this the time I should buy? If you've been following and you've been listening to what we've been saying and it hits every metric, then you already know it's time.

[Ian Dunlap]

And this applies to Bitcoin, which we'll talk about, but told you what area to buy and, and it got down to 79. Did you take advantage of it?

[Rashad Bilal]

Yeah.

[Ian Dunlap]

Like when I saw that black post to the right with the white type on, I said shoddy, about to go off. Like it's easy to listen to the information, sometimes it's hard to execute, but the execution pays a hell of a lot more.

[Troy Millings]

Yeah, for sure. So, okay, so Elon Musk, Tesla. So there was a tweet, said they had like projections of the next five years for three different companies, Amazon, over the next five years, they, they expected, they predicted growth of 137%. They predicted growth of 193% for Nvidia over the next five years and 258% growth for Tesla. So Elon retweeted it and he said it will, it will require outstanding execution, but I think more like 1000% gain for Tesla in five years is possible. So Elon said with outstanding execution, Tesla can actually reach 5000% rate of return in the next five years. Is that possible?

[Ian Dunlap]

I don't see the outstanding execution being possible given that he isn't as focused as it used to be. And I don't see him and Trump getting along past 24 months. That looks like a shotgun political wedding. One of the greatest entrepreneurs of all time, but market like stability and the person that is in office doesn't often give that. And Elon has not given too much stability either. Listen, I love Elon as an entrepreneur, not as a person. But when your tea ends up on Shade Room like you're a rapper, thousand percent growth is out of the way. I like silent CEOs who just execute you. You don't hear much about Jensen's personal life. We don't hear much about Satya's personal life. So a thousand percent is going to be very tough to achieve over five years.

[Rashad Bilal]

I'm with you. A thousand percent will put the stock over $3,000 a share if there's no split in between that time. Yeah, we've seen Tesla run up to over a thousand before. This will put it over somewhere around the 3 trillion mark. They, they actually went under 1 trillion last week. Again, Tesla is an interesting company. Right. Because we, we look at it as a technology company, some people look at it as an automotive company, but it really isn't reliant on car sales. And we've kind of seen that pullback since the inauguration. It was definitely great, run up to 440 and then last week it pulled down under 300.

[Ian Dunlap]

Yep.

[Rashad Bilal]

And when the numbers start to not make sense, things like this happen. And so what's the innovation is the autonomous driving? I know that, you know, over the next couple of weeks there's going to be some news coming out where they're applying to have autonomous taxis in some states. And so Uber obviously is on notice for that. But is that enough? Are the autonomous cars, are the robots enough to push that valuation higher when you know, you have a few other companies that are going to come in and investors are going to be looking forward to a la Space X and obviously stock links inside of there. Neuralink will be coming down the line. So I think those companies have the potential to have that maximum nearly four digit growth over the next five to ten years. I'm just not sure that Tesla necessarily has it.

[Ian Dunlap]

What do you think, Rashad? I've been a great predictor of these things.

[Troy Millings]

I think Elon will say anything. You know, he's like Trump and say anything. And Tesla, yeah, they have no reason to go up. Why they went up last time. In the last couple of months. There was no particular reason why they actually.

[Ian Dunlap]

Yeah.

[Troy Millings]

Deserve to go up.

[Ian Dunlap]

Yeah.

[Troy Millings]

So, you know, I think that he's a great marketer salesman for sure. Even for him to retweet it. He only retweeted because Tesla was number one on that list. Yeah. But no, I don't, I don't see any catalyst that would propel Tesla a thousand percent in five years. Like what, what have they done to deserve that type of valuation?

[Rashad Bilal]

Yeah, we'd have to just add to what you're saying. How does the EV space look, in five to 10 years, is it because there's more stations, is it because they're selling more parts? Like those things might be a catalyst. Right. Like if everybody decides that, you know what the most efficient EV battery is? A Tesla battery, we have to use it. Or if they have something that now charges solar homes throughout the U.S. it would be like in for Tesla specifically, not the other companies, but specifically for Tesla. If those things start to ramp up, which we haven't seen, then we could. I could see a 300 gain thousand is. That's a stretch. Yeah.

[Ian Dunlap]

Because you're saying basically you're better than Eli Lilly, Nvidia, Anderil Palantir, and you're not there. You better than tsm.

[Rashad Bilal]

Are you more needed?

[Ian Dunlap]

No. Well, no.

[Rashad Bilal]

Right.

[Ian Dunlap]

Ever since he did that. Salute that valuation.

[Rashad Bilal]

Yeah. Are you, are you needed in this, in this era of right. Of technologies, in terms of Tesla, the other things will be. For sure.

[Ian Dunlap]

For sure. Yeah.

[Rashad Bilal]

I'm not sure if the autonomous robot is needed just yet.

[Troy Millings]

Well, we'll see. We'll monitor the situation. One thing I forgot to mention, this Saturday will be in Hampton, Virginia.

[Rashad Bilal]

Yeah. Yeah.

[Troy Millings]

Va Stand up. We'll put the link in. In the description of this video. But yeah, get there, get your tickets, shout out to everybody financially motivated and unstoppable form. We will be speaking in Hampton, Virginia, first time that we'll be in Virginia doing an event. So if you in the greater Hampton, Virginia area, seven cities, I believe that's what they call it. Come out, come out. Va We. We will be in your area. So looking forward to that. And then another thing I wanted to say too, about you deserve to be rich. We changed the audiobook.

[Ian Dunlap]

Wait, what?

[Troy Millings]

So the audiobook was read by myself and Troy and I didn't really like the way that I narrated it.

[Ian Dunlap]

Okay.

[Troy Millings]

So that's, that's an important lesson. Like you gotta be a perfectionist. So I thought that it would be better suited for the user experience to have a professional because I listen to audiobooks a lot, so I wanted to have a professional at least do my part. So we redid it.

[Ian Dunlap]

Okay.

[Troy Millings]

With a professional. So anybody that is interested, there's a new version on the audio you did.

[Ian Dunlap]

Kanye. Yeah, gotcha.

[Troy Millings]

Uploaded the new.

[Rashad Bilal]

The new one left me out there.

[Troy Millings]

So. And, and a few people, you know, there was some criticism to the audio version as far as the, the reading. Yeah, they wasn't particularly happy, you know.

[Rashad Bilal]

But I mean, I think the transparency is important. Right. Like, so if you even say that it just shows, like, just being transparent and always putting our users first. But a lot of people were like, hey, he's not a teacher. Like, you sound like a teacher because you read in front of students. So, like, for him to do it and say, like, you know what? I did my best. I wasn't happy with it. Let's change it. I was like, nah, let's keep it. But, you know, he wasn't happy with it. So he did. So the honesty, the transparency is. Is what I'm really proud of for this moment.

[Ian Dunlap]

Yeah.

[Troy Millings]

You know, you got to always keep the user in mind. The user is always the most important person, for sure.

[Ian Dunlap]

Their experience matters more.

[Troy Millings]

The user's experience is the most important aspect of it. And know something that's going to be evergreen. This is going to last for five, 10, 20 years down the line. Right. So you want to make sure you have the right product. And that's sometimes if something is not right, you have to fix it. It's like a recall on a car or, you know.

[Rashad Bilal]

Yeah. So a quick update.

[Troy Millings]

Yeah. So. So, yeah. So for anybody that's interested, if you can leave a review on the audio, that would be helpful. A positive review, because there's a few negative reviews on the audio.

[Rashad Bilal]

I'm still there. I'm still there.

[Ian Dunlap]

Okay.

[Rashad Bilal]

I'm still there. But the brand is there.

[Ian Dunlap]

Gotcha.

[Troy Millings]

But it's still the same information. It's still the same text. It's just. It's read by a professional as opposed to read by me. And that does say something about having professionals do things. Because, you know, people get paid for something for a living, for a reason. For a reason. And it's not as easy as you would imagine it to imagine it to be. So I think that it would be a better. I think it's gonna be a better audio experience.

[Rashad Bilal]

And there's nothing like that.

[Troy Millings]

Apologies to anybody that may have had some level of discomfort listening to the first version, but we have changed it, so hopefully you'll have a smoother listening experience this time around.

[Rashad Bilal]

I know people read in their head a lot, right? Like, even with audiobooks, people are listening to, and then sometimes they get the actual literature in front of them and they. They read along. Or some people will read in their comfort in their own home, but they never, like, have the auditory sound of reading, for sure. And so now imagine, like, you're reading and there's like, five people listening to.

[Ian Dunlap]

You, and you have to be performative.

[Rashad Bilal]

Yeah, be performative. Right?

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And you got to pronunciate. And you got to make sure that every sentence is formatted correctly. And if you mess up, it's like stop, let's do that again. And then imagine doing that for 11 hours over the course of five days. Yeah, yeah, but that's okay.

[Troy Millings]

It is what it is.

[Rashad Bilal]

That's what makes New York Times bestsellers.

[Troy Millings]

It is what it is.

[Ian Dunlap]

And then by the time you're gonna get back in the booth, we back. We back in the booth on the book.

[Rashad Bilal]

Yeah. The forward read to you by Nasir Jones.

[Troy Millings]

James Earl Jones resin piece in peace. Okay.

[Rashad Bilal]

Not Morgan Freeman. The voice of God.

[Troy Millings]

So crypto Donald Trump yesterday he announced u S Strategic crypto reserve including a few different cryptos. Bitcoin, Ethereum, xrp, Solana and Cardano. Yep. And they all rose on the news. XRP was up 33, Salon was up 22, ADA was up 60 and Bitcoin was up like 10. They all, it kind of pulled back from there now. But okay, so it's, this is interesting on a few different levels. So first when we posted it, some people was like well I thought Trump was going to be bad for the overall economy. Well, it's a few things that in.

[Rashad Bilal]

A mocking way though. Yeah.

[Troy Millings]

So well this is educational for the audience. A. The price of crypto does not. Is not a determining factor of the economy.

[Ian Dunlap]

Sure. That's the first what a stock market.

[Troy Millings]

Right. That's the first thing. Second is that it's still down from all time highs. Third thing is that it's a long term cycle as far as everything is concerned. The fourth thing is that crypto is like. Well bitcoin specifically is like the stock market is going to rise over the course of time no matter what. That's why like at the beginning of the, of the year that was my pick was bitcoin because bitcoin, I don't think bitcoin is totally dependent on a president's see or anything like. It's, it's kind of, that was the whole point of it. Right. To kind of be isolated. Of course it's going to help if, if. But I mean it survived trying to get shut down in China, it survived Russia survived. Even Biden, he was kind of hostile towards crypto. So nothing could really stop bitcoin I think. So it's kind of like playing with semantics in that. But we're still in, we're still in like a one day gain in crypto is not like a miraculous comeback for the economy.

[Ian Dunlap]

Yeah.

[Troy Millings]

Ray Dalio just put something I don't Know if you saw that. But he was like, they got three years to get this thing together as far as the, the budget or we gonna be on life some more trouble. So we'll see. Only time will tell. But at least there was a good day for crypto. There was something positive to report on because the markets has been down. Even the stock market is still kind of in a downward spiral. But at least it was a good day for crypto yesterday. So what do we make of this, this news that, you know, what he said about the crypto reserves and all that?

[Ian Dunlap]

I don't know if he actually cares about crypto. I think he may be playing to a certain base of the audience. If we can be very fair. I was happy to see Cardano added for my own personal reasons. Shout out to Kayla. But if we're going to be honest, the reserve should be Bitcoin only. Because here's the thing, if the government begins to buy it in the reserve, what happens when they liquidate it? They're going to tank the market. Like, if Bitcoin is having this pullback and they invest that much into XRP and Cardano, they're going to rupture those markets when they eventually have to liquidate in four or five years. So I think he's playing to a certain base. Of course, David Sachs had the greatest influence over this. So I'm not mad at that. But I don't know if it's the right thing for us to do. And I know we want to be the crypto hub, but I'm very concerned about them trying to make an index with certain coins that may not should be in there.

[Rashad Bilal]

Yeah, this, it's interesting, right? So, yes, we saw a great day yesterday. It's like pulled back today. But he can announce this, right. And he can have Sachs being that the crypto czar, but it still needs congressional approval.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And so that's, that's important. Right. Because you can make executive orders, but when you're talking about financial structures being included and integrated inside of cryptocurrency, you're going to need wide support from that to say those, those coins. I'm with you.

[Ian Dunlap]

Right.

[Rashad Bilal]

Like, it's like it, it always makes me think of what novographs are saying.

[Ian Dunlap]

Yeah, right.

[Rashad Bilal]

Like he said bitcoin, he said Ethereum, he said Salana. Those are the three. So you got the other two added. Was like, okay, well we've seen xrp. Everything that's happened with the SEC and them saying what a security is and what's not and then last week, you're hearing that most mean coins aren't securities, which is.

[Ian Dunlap]

It's insane.

[Rashad Bilal]

Which is like, okay, well, define mean coin.

[Ian Dunlap]

Yeah, it.

[Rashad Bilal]

It's going to be an interesting time. I think we'll have more light shed on this on the 7th at the crypto summit, which is. Is inaugural. But this is not surprising. Right. Like, Trump spoke in Nashville last year at the bitcoin conference because he wanted to get that base.

[Ian Dunlap]

Absolutely.

[Rashad Bilal]

And in order to keep. And you needed that base because it's progressive. And so when you. You think about trying to keep that base at heat and saying, look, we're going to. We heard you. You voted for us. Here's some of the initiatives. I want to see what they say on the 7th at this summit, because I think Zach is going to speak and they're going to bring some more CEOs from crypto platforms. So that I'm circling that I'm interested in hearing what comes from that.

[Ian Dunlap]

And because Charles got boxed out in Cardano, out of the crypto movement, him and Trump have become buddy, buddy power of relationship. So he kind of worked that angle because if you. If you're honest about it, I was very shocked to see them included. I understand Salon. I can understand xrp, but it goes back to the power of relationships. I just don't know, like, when is he gonna bring the price of eggs down? You're focusing on everything.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

But the core issue of inflation on everything.

[Rashad Bilal]

Yeah. And we said this. We. Before Sax was named the. The cryptos are. There was some talk that it would be Charles. So, yeah. It's interesting to see, like. All right, I know I didn't select you here, but I appreciate your loyalty.

[Ian Dunlap]

And I'mma find a way.

[Rashad Bilal]

We'll find a way to make sure that you're included in this.

[Troy Millings]

And just so we're clear, there's only one true cryptocurrency.

[Rashad Bilal]

That's why I said define meme coins.

[Ian Dunlap]

They be in my comments, like, bitcoin's not even a cryptocurrency.

[Troy Millings]

You don't know, because everything started. Bitcoin is the. Is the genesis of everything. It started with this story. The Satoshi Nakamoto, the decentralization. It's the beginning chapter of it. And then everything came afterwards with a person that we know who started it. We know the board, we know everything else is essentially centralized.

[Ian Dunlap]

Yeah, well, bitcoin is too.

[Troy Millings]

Yeah. But I mean, as far as the.

[Rashad Bilal]

The origin.

[Troy Millings]

The origin story of it. So everything is a altcoin.

[Ian Dunlap]

This A hot take, but cooking.

[Rashad Bilal]

Go ahead.

[Troy Millings]

Everything's all coin.

[Rashad Bilal]

It's by definition. Right. Alternative to bitcoin.

[Troy Millings]

Bitcoin is. Is the sun. There's only one sun.

[Ian Dunlap]

Yep.

[Troy Millings]

Just so we're clear about that.

[Ian Dunlap]

Maybe some moon and stars around, but. Right.

[Troy Millings]

Just so we're clear about this galaxy for sure.

[Ian Dunlap]

Yeah. And Vanguard agrees. And BlackRock agrees.

[Rashad Bilal]

We can't argue with that, but we'll see.

[Troy Millings]

But, yeah, long term, I think you still have to be bullish. Bitcoin. And the same principles apply. I'ma stop talking about Trump so much because I realized that Trump supporters, they are delusional just like he is, and they're not rational.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And you say thank you.

[Troy Millings]

What?

[Rashad Bilal]

You say, thank you. Wait, he's right. No, he's right.

[Troy Millings]

So. So, you know, it's one of these things that it's not a political show, so it's not really. I don't think it's even worth, like, having political debates about.

[Ian Dunlap]

I agree.

[Troy Millings]

We'll see how it plays out.

[Ian Dunlap]

I mean, is that because we're Democratic? Chills, Biden.

[Troy Millings]

No matter what. No matter what happens, people gonna make an excuse for Trump. That's what I realized. So it doesn't even matter. But with that being said, bitcoin's gonna go up no matter what.

[Ian Dunlap]

For sure.

[Troy Millings]

Is it. Will it pull back? For sure. Everything is very volatile. It's not. Is guaranteed to always go up every single month, but over the course of time, I think you got to have confidence in it. Now, all these other coins, I don't know, it's question mark. They're all questionable.

[Ian Dunlap]

But it also goes to show the power of holding for long term.

[Rashad Bilal]

It also goes show about executing. Like, we literally sat on me and shot it. We argued. Right. Like, yo, what was the fallback price? He was like, it's 85. I'm like, no, I think he said it was 79. It hit both. What did anybody do?

[Ian Dunlap]

Cry? It's not going to get that low.

[Rashad Bilal]

No, it's going to keep falling. The next day, it said, daddy, you're.

[Ian Dunlap]

Going back to 20. When I said it. You all don't want to believe it.

[Troy Millings]

No.

[Ian Dunlap]

Just buy.

[Rashad Bilal]

Like, what did you do?

[Ian Dunlap]

Nope. Shout out to Kayla.

[Rashad Bilal]

Shout out to Chris Johnson.

[Ian Dunlap]

Yeah. He said, just continue to buy, man.

[Troy Millings]

So, okay, so speaking of switching gears a little bit, Nvidia reported last week that was the news of the last week. And this. This stock is going down ever since.

[Rashad Bilal]

Well, it was. It was. It settled and then it opened and it tanked a Little bit. And then it closed. There was like a miraculous rally at the end of Friday and it got back up to 126. And then today. Yeah. Roller coaster. Right again.

[Troy Millings]

So, yeah, so we're seeing, we're seeing the whole chip sector. Nvidia hovering around 116. We see S. SMH down. The TSM is down 20. TSM is actually in bear territories. 20% MU all of these things are down.

[Rashad Bilal]

Broadcom. Yep.

[Troy Millings]

So. And that's the broader stock market has continued to going down. The broader NASDAQ has going down as well. So Nvidia is. Is pretty much.

[Ian Dunlap]

Negative year to date.

[Rashad Bilal]

Like 11%.

[Ian Dunlap]

Yeah.

[Troy Millings]

Yeah. It's been free falling for a while now. So where are we at with Nvidia?

[Ian Dunlap]

You should listen when I tell you some gonna fall apart. Shout out to stock club if you want to know where the price is. What are getting. Go to Ian invest.com. most people in stock club know the real price. I see it's getting below 105. You might want to look to invest there. But. Okay. Public service announcement. The chip trade is over. It's done.

[Rashad Bilal]

Oh yeah.

[Ian Dunlap]

It's a good investment.

[Rashad Bilal]

Okay.

[Ian Dunlap]

I'm gonna be real.

[Rashad Bilal]

Okay. Okay.

[Ian Dunlap]

It's a great investment long term. But for everyone who, who missed out on the last two years, you're not going to get 700% return off of this trade anymore. And there's a lot of geopolitical concern about if they're smuggling chips into China. We have to have a real conversation. While he's focusing on tariffs that don't matter. We have a war, a technological war going on with China that we could lose. We've seen the Chinese stock starting to take off.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

And hedge funds are rotating to potentially get in the Bible.

[Rashad Bilal]

Well, that's why I don't think the trip trade is done.

[Ian Dunlap]

It's only going to be a few. Nvidia is one of the ones who are going to do well.

[Rashad Bilal]

So they're, they're going to be playing.

[Ian Dunlap]

They're going to be good.

[Rashad Bilal]

So I won't go that far. I don't think it's done. I think what we're seeing, obviously we talked about how the Fed has an impact on for sure the market. There was supposed to be two rate cuts. Now there might be one. The, the lingering tariffs on these countries.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Is weighing on the economy. Like if we're gonna like that weighs on the economy. Deep seat still had an impact. Even when we were talking about the AI conversation at Carnegie hall backstage with some of the Leading people in AI, we can say it didn't. It had an impact.

[Ian Dunlap]

Had an impact, but it was real threat.

[Rashad Bilal]

But it was overblown.

[Ian Dunlap]

Yeah, it was overblown, but it was a Trojan horse. The real concern is all of China teaming up together at the right time to thwart how well we're doing.

[Rashad Bilal]

And here's what I'm thinking and hit me the other night when we talked about all these, these CEOs going to the White House to speak and we were like, you know, Zuckerberg was there. Right. And he was the. Everybody was there. And then Jensen Wing. And I'm thinking to myself, like, why are these guys going? Why are these guys going? At some point, do you think they discuss tariffs to China?

[Ian Dunlap]

Because what they have to.

[Rashad Bilal]

Right. This is probably like one of the prime conversations that they're having. When I looked at the. The ecosystem of Nvidia prior to the Biden administration putting a ban on advanced chips going to China, that was 20 of your business.

[Ian Dunlap]

That's a huge part of them.

[Rashad Bilal]

So now think about that's over the past three years, Nvidia has had this run without that China component in it. Can you imagine what that looks like when you get some of that business back? Even if it's not the Rubin, even if it's not Blackwell.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

We still try to figure out how the hopper got in there. 200,000 of them, allegedly. We don't know how they got in there.

[Ian Dunlap]

Right off the pole.

[Rashad Bilal]

We got to figure that part out. But I know he's saying 10% and then he's at another 10%. But at a certain point, the president is a businessman.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And he has to know if he has these tariffs in place. And yes, you're trying to make a stand, but you're hurting Americans greatest companies. Apple's going to be affected. Nvidia is going to be affected. Microsoft. And we've seen it, We've seen them pull back. They're going to be affected. So I don't think the chip trade is done. I think we got to figure this out. Right. Like, I think the tab is going effect tomorrow for Mexico and Canada.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And I think the China one start this week as well.

[Ian Dunlap]

Why are we selling our greatest technology to China unless we know the game's over anyway? That's the point we have to talk about if you want to ship Blackwell and our best chips to China. It's one or two scenarios. Either Jensen doesn't care about America, which isn't true for the record, or a lot of People on the inside know that the America trade is over and we got to find a way to get every dollar we can. Hence a 5 million dollar citizen card.

[Rashad Bilal]

This is real global business war. Right.

[Ian Dunlap]

And as bricks trade is heating up. That's why Zielinski got so much heat. There's a lot of.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

Like the deep sea thing like you said was overblown. I think the concern is if that big seven in China can they beat our big seven and right now is looking like. Yes.

[Rashad Bilal]

So that would be the thing. Where would be the spend if it's not coming from American business that you'd have like China would be that place. Right. You're not looking at India just yet.

[Ian Dunlap]

Not yet.

[Rashad Bilal]

Eu, not really. Africa is not. Doesn't have the infrastructure. So it, you, you kind of are looking at that space.

[Ian Dunlap]

Right.

[Rashad Bilal]

If we look at where all those max sevens are spending. Right. We had that chart. I think he posted it.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Where that Capex is going. I mean there's a clear sign that it's pointing to this company.

[Ian Dunlap]

Yep.

[Rashad Bilal]

That is goes by the name of Nvidia. I think Microsoft was over 20 billion last quarter. Yeah.

[Ian Dunlap]

Insane.

[Rashad Bilal]

Like everybody is coming. So I don't think that trade is over. Yes, there's been some pullback but it's one of these things when you talk about growth over a quarter of 79.

[Ian Dunlap]

And that's not good.

[Troy Millings]

Well I think he. The trade is like as far as.

[Ian Dunlap]

The entire semi space.

[Troy Millings]

Right.

[Rashad Bilal]

And but they lead that they go.

[Troy Millings]

Then you have to look at it from the standpoint like okay, Nvidia is down 25 from his high. Right. Do you think in four years it'll be higher than it is today?

[Rashad Bilal]

Yes, 100. Right.

[Troy Millings]

And that would be a good investment now do you think in six months. We don't know what's going to happen in six months, three months. So if you're trading it you have to be careful because long term projections are positive. You would have to think that if you invest now it's a good investment for sure because that's going to double at some point. But there's still a lot of uncertainty in the economy. And that's the thing that is like, you know it's one thing like the, the sector and how much you produce it and how much. But when the economy crashes.

[Ian Dunlap]

Yeah.

[Troy Millings]

None of it, none of, none of.

[Ian Dunlap]

That matters at all.

[Troy Millings]

If there's a global recession or if there's an economy crash, then every number could be good. And you're, you're, you're you projections and forecasting it's not going to matter.

[Rashad Bilal]

But are there any signs of a recession?

[Ian Dunlap]

Here's the funny part. Now team's credit.

[Troy Millings]

Okay.

[Ian Dunlap]

Because the Democrats got their ass kicked so bad in this election. The media is going to report if we actually hear the recession this time last time they didn't. They changed the skew for what a recession was. If he get two negative quarters.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

It's going to be on every channel in America. He caused a recession but there hasn't.

[Rashad Bilal]

Been a signs of it. Right. If we even look at.

[Ian Dunlap]

We have weekly in the bond market.

[Rashad Bilal]

The bond market. I'm just. We're talking about the S P and for the last quarter I think on average is about 13 on earnings which is a positive sign. That wouldn't be a sign of economy that is headed towards a recession.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Is there a pullback in this sector? For sure. So even if we looked at the next six months. Yeah. The. The economy it's. It's really what's going to happen over the next couple of weeks we figure out what's going to be the impact of these tariffs. Who are they going to impact and how do we combat that.

[Ian Dunlap]

The lead that he had from the inauguration is gone.

[Rashad Bilal]

Yes. That all those games have been that.

[Ian Dunlap]

That alone is scary. And if he doesn't write that ship we may drop another 12 or 13% as a.

[Rashad Bilal]

What as that S and P or. Or a specific company.

[Troy Millings]

The S. But the. The stock market is not a direct correlation of a recession. It's a lagging indicator.

[Ian Dunlap]

Yeah.

[Troy Millings]

We have unprecedented territories that we're walking in right now. He's talking about putting tariffs. Global tariffs pretty much eu, China, Mexico and Canada. So you putting terrorists on everybody. Pretty much. Those are all. Every. Every global major power you put in terraform. That's one thing. There's uncertainty as far as the geopolitical aspect of it as far as Ukraine and say he wants to turn Gaza into a resort. That guy Saudi Arabia mad. Who even says that the job numbers light fishy inflation has come down for now. They said that there's a new virus that came out of China over 22.

[Ian Dunlap]

Already been whipped up variety of different.

[Troy Millings]

Factors that's in the play here. So cover 22 and spending. It's like this Doge thing. We don't. We. This could be extremely harmful to America.

[Rashad Bilal]

The cutbacks.

[Troy Millings]

Yes. Because it's like rapid. You don't. You can't lose. It's like weight loss, right?

[Ian Dunlap]

Yeah.

[Troy Millings]

If you. If you lose too much weight too Fast that can actually be harmful to you. Absolutely shocks your body. You got to lose, you got to lose like £5. You can't just lose £87 in one week. That's dangerous.

[Ian Dunlap]

Leg off to lose £40.

[Troy Millings]

That's dangerous.

[Ian Dunlap]

Yeah.

[Troy Millings]

Causes complications.

[Ian Dunlap]

For real.

[Troy Millings]

So it's like you, you put in a shock into the economy by just trying to cut hundreds of billions of dollars.

[Rashad Bilal]

Yeah.

[Troy Millings]

It's going to be interesting how this thing plays out. But I tell you what, if the economy isn't is in turmoil none of the numbers are going to matter.

[Ian Dunlap]

Not as much. And the ones that are great are going to rise to the top and it's going to be a super hyper concentration into the ones Microsoft Nvidia. That's.

[Rashad Bilal]

I feel like that's what we've seen.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Even during the past three to four years when you looked at the, the Russell 100 and you look those weren't.

[Troy Millings]

Not moving and technically this supposed to be a down year. Any. Like we said historically the first year of a presidency is pretty flat. The second year of a presidency is down.

[Ian Dunlap]

Yeah.

[Troy Millings]

The third year of a presidency is up.

[Rashad Bilal]

So I think he rewrites through these books though bro. Yeah.

[Troy Millings]

Until he doesn't.

[Rashad Bilal]

Right. I just.

[Troy Millings]

Until he doesn't.

[Rashad Bilal]

Yeah. I just, I don't know.

[Troy Millings]

History doesn't. History repeats itself usually.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

He had a great chance to come out to a great start and lead well.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

The decisions were just horrible.

[Rashad Bilal]

But now he has to lives on. He's trying to. He's living on the things that he said.

[Troy Millings]

He's not a rational person. He's doing a variety of irrational things.

[Rashad Bilal]

Yes.

[Troy Millings]

He's doing a variety of irrational things. Right. You can only do irrational things for so long.

[Rashad Bilal]

Yeah. How much? The uncertainty is not great. It's not good. Doesn't help anybody like this.

[Troy Millings]

The things that he's doing are dangerous.

[Rashad Bilal]

Yeah.

[Troy Millings]

So.

[Rashad Bilal]

So we'll see. Keep investing.

[Troy Millings]

But you have to hold long term investment just for Clari, not trade.

[Rashad Bilal]

Keep investing.

[Troy Millings]

You keep, you keep. Like I said, if you, if you have Nvidia at this point you have to like it.

[Ian Dunlap]

Yep.

[Troy Millings]

You have to like bitcoin in the 80s or if it is, it might probably dip back down again if it gets to the 80s 70s you gotta, you have to like it. If you believe in it, you think it's going to go to 150 then buying it in the 80s is a good deal. Yeah. Buying in the 70s is a better deal. Right. You have to. So no, Microsoft will go up in the next 10 years. Right. It's a strong possibility that Microsoft.

[Rashad Bilal]

That's what I'm saying. And Microsoft has been consolidating over the past six months. Months. Nvidia has been consolidated over the past six months.

[Ian Dunlap]

You have that are there? Yeah.

[Rashad Bilal]

And that's why I said when we're looking at moving averages for those companies they're starting to hit those numbers that we thought they would. Right. On the natural pullback. Right. Not even a correction, just a pullback. Every analyst. Right. If we look at from an analytical standpoint nobody has lowered their price target even for a company like Nvidia. Right. That has pulled back 25 from his eye. The price target for the end of the year is still 175.

[Ian Dunlap]

Yeah, for sure. Because a lot of the hedge fund money is going to start to flow in consensus this month for sure. So. But it will be a lot choppier even looking at the chart.

[Rashad Bilal]

And Bitcoin.

[Ian Dunlap]

Yeah. 72,000 is possible. Couple of mistakes. Because the outflows and ETFs are going up higher than we've ever expected.

[Rashad Bilal]

This is one of those weeks like we talk about Catalyst events. Like I said the announcement of it alone. We saw it run from 80 to 95. Who knows what will be said at that summit.

[Ian Dunlap]

Imagine if blackrock wasn't the lead investor in it now. Who would have felt a 48.

[Rashad Bilal]

First.

[Ian Dunlap]

48 too big to feel Behold for the long term. And you will be a.

[Rashad Bilal]

Okay, please.

[Ian Dunlap]

But the era of just imma just put in money and Nvidia Super Micro anywhere. Oh that's over with. That's over, over with. You just gonna buy Micron at the top. You're gonna die.

[Rashad Bilal]

Don't buy anything at the time.

[Ian Dunlap]

Nope. So and you gotta learn how to short the market. If you can only play one way and only trade one way it's not gonna work in your favor and it offset some of those losses that you have a long term and you'll be able to hold through that. So.

[Troy Millings]

So okay. Some Russell 1000 stocks with larger with largest increase in number of hedge fund owners during Q4 2024.

[Ian Dunlap]

Great question. Somebody asked me this and they asked me about rotating to the Russell 1000 and I was going to kind of come and give three or four companies but given the. The volatile nature of leadership I think it would be irresponsible to do so now if you haven't had a position in them already. Because what's going to happen is you're going to get in it and he's going to say something crazy or him and Putin are going to get into it and the market's going to go in free fall and it's going to burn through all your stop losses. Until we have a plan to actually make America great again. I don't think you should invest outside of the top 20. I think it's irresponsible. Including Bitcoin is errors. If you go get a Russell 2000 company, you could see 25 drawdown in one month given how volatile this market is.

[Rashad Bilal]

Okay.

[Ian Dunlap]

So okay. I'm not gonna disagree with you on.

[Troy Millings]

Your birthday and he hasn't stated he has State of the Union tomorrow.

[Rashad Bilal]

Tomorrow.

[Troy Millings]

Yeah.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

And if he might do that salute.

[Rashad Bilal]

There Absolutely gonna drop. Will they have him in attendance you think?

[Ian Dunlap]

For sure. If my kid put a book on your desk. I'm going to everything until we fall out.

[Rashad Bilal]

What we good forever.

[Ian Dunlap]

First 18 months.

[Rashad Bilal]

Yeah. I put the, the, the number one company that's been added from hedge funds.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

In the Russell 1000. It's a company we spoke about last week and a CEO that we sat down with a few times and that's Robin Hood.

[Ian Dunlap]

Great company.

[Rashad Bilal]

It's interesting when I looked it up, Tesla was inside of there too. Yeah. And I know you know we, we have a certain feeling about the CEO. But, but the fundamentals of the company itself, it sits inside it was the number one, number three added company to, to hedge funds. But Robinhood is an interesting story. We, we watched it pull back. We watched that run up during the crypto kind of Media in 2021 and we saw what they have in store for this year and the next year. Those growth prospects and the underlying business has excited a lot of people and the stock has, you know been rewarded for that. Yeah. So that's an interesting one.

[Ian Dunlap]

I like that he's been more forward facing up $32 over the last year. And I would not just saying this because Vlad is a friend of the show but they've innovated in a lot of ways. I'm just worried about in a week Trump, J.D. vance saying something that can turn the market in a negative fashion and erase everybody's gains.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

So. Right.

[Rashad Bilal]

And I think that goes into like which is why I like Rob put it is it's shot his point where yes those companies if Trump does something that does affect it. But a lot of people trade crypto on Robin Hood.

[Ian Dunlap]

Yep.

[Rashad Bilal]

And for the first few quarters like that was where the growth was coming up coming from. So as long as they have that as something that you can trade. Whereas if I go to Fidelity, or if I go to not even Fidelity now, but E trade. Right. I. I can't do that for my brokers just yet.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

So they have that advantage. And that trades 24 hours a day. And the more influx, like I said, we'll see what happens over the next couple weeks with the crypto space. I would assume that more people will be using that as a brokerage if they're going to be traded. If they're trying to do both trade equities and trade crypto.

[Ian Dunlap]

Black call. Big T. Appreciate you. So you can lock in all games you got because you've made a hell of a comeback.

[Rashad Bilal]

Definitely made a comeback.

[Ian Dunlap]

Has he been in Mar Lago or dc?

[Rashad Bilal]

I don't think so.

[Ian Dunlap]

So, right.

[Rashad Bilal]

I don't think so. And they. Maybe they were talking about betting, right. Like as another source, like that's. That we can't just sleep on it.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Like those prop bets, I know it became something popular during the election, but like, no, that was just the gateway into saying, like, hey, we can start investing on anything.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

So.

[Troy Millings]

So what do you think? We. How do you think the State of the Union will affect the market?

[Ian Dunlap]

I'm not gonna lie. I'm terrified. Just like me watching that Tank fight this weekend, I'm like, please don't die in front of us, my brother. I'm going to be watching. But I know he's going to say, tank, if I see you, I want to smoke. But Trump's going to say something to negatively affect us in the market for sure. I think we've seen his track record enough to know. And for all the Trump supporters watching, I'm not bashing them. I'm just telling you how these commentaries will affect the market. And once again, I don't know as a person to keep up with the markets. Every day when I'm reading all the news and newspapers, I don't know what the plan is. It changes so much. You don't have a clear view other than the Project 2025 stuff that y'all said it wasn't gonna happen and it's surprise.

[Rashad Bilal]

So.

[Ian Dunlap]

But yeah, I think the market is gonna react to it. Will we have a big pullback because of it? No. But if he doesn't show a strong plan for the economy for the next two years, I don't think it'll be good for the market. Like, Nvidia reported positive growth and they treated it as if they failed.

[Rashad Bilal]

And they're up to. To Scale with the production of Blackwell.

[Ian Dunlap]

It'S like, you can't have a company print 100 gross quarter over quarter unless it's a Ponzi scheme. So if that company is getting bad reviews, according to the market, with those kind of numbers, everyone else. Yeah, nobody's safe at that point.

[Rashad Bilal]

Yeah, I, I, I'm interested to see what the topics are. Does defense come up? And if defense comes up, we've given stocks.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

That you should be looking at in terms of defense when it comes to efficiency, in terms of energy. I'd be interested to hear anything on that. Obviously, semis is something that he's spoken about with TSM coming in and now China saying that they just, TSM has just been giving America everything in spite of them. I'll be interested to hear those three topics because he's been on a negative role when it comes to the market. It's like when he speaks, it's like, oh, here we go. Every time we got a whole, like, hey, put your seatbelts on. Yeah, like, put your seatbelts on. We don't know what's gonna happen. And I think that continues just because he's unpredictable and the uncertainty around the things he says. So we'll see, man, you the expert.

[Ian Dunlap]

What do you think will happen? Is this your foray?

[Troy Millings]

I mean, he could go moderate, he can go, you know, reserved, or he can, you know, say some stupid stuff, which he usually does. But I think it'll be a combination of both.

[Ian Dunlap]

You know, you'll come in measured.

[Rashad Bilal]

I can't see him conservative. I just, I think you're coming. And then I'll be like, wait.

[Ian Dunlap]

And then it's gonna go off the rail.

[Rashad Bilal]

Something happens and he's like, yeah, he remembers who he is.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

It's like, nah, we going off the prompter.

[Troy Millings]

The problem with him is that he likes discipline. And that's, that's the dangerous part. Like, even the Zelensky thing, that was.

[Ian Dunlap]

You know, what do you think of that? The interaction?

[Troy Millings]

I think that it was done intentionally. He played to his base and he played to, you know, to Russia. Done intentionally for sure. But it was ignorant for sure.

[Rashad Bilal]

Kicked him out.

[Troy Millings]

Very ignorant way he handled the situation. J.D.

[Ian Dunlap]

Vance, he, he, you're not whack 100.

[Troy Millings]

J.D. man's the type of dude that you just, you gotta punch in the face because he's the, he's the little man.

[Rashad Bilal]

He's.

[Troy Millings]

The little man's talking. You should. And you can't really say anything because it's like you got the big homie there, and the little man is, like, behind his back, like, jumping up, like, instigating the whole thing too much. And then they got the minions talking about his suit and all that. And, look, I'm no fan of this. Of this whole situation, because I do feel like, you know, we should focus on America first.

[Ian Dunlap]

Yep.

[Troy Millings]

So I'm not. I'm not against that philosophy, and I don't like who we. How we pick and choose who we want to help, so. But he picks and choose for sure.

[Ian Dunlap]

Eli, don't wear a suit in the White House.

[Troy Millings]

No, never. Not once.

[Ian Dunlap]

What?

[Troy Millings]

But like I said, I mean, it's just, you know, all the other. All this is. Are you gonna. Are you people gonna make money or not? Everything else is a distraction.

[Ian Dunlap]

Y.

[Troy Millings]

All this. All this stuff that he's doing right now is a distraction. Making English the official language of America, Renaming the Gulf of Mexico. Like, are you. Are you. Are we making money? Are we not making money? Everything else is a distraction. Like, I don't care about making English the official language of America and renaming the Gulf of America. Posting on Twitter, any. Any chance that you get and just doing all this stupid stuff. It's like, yo, bro, like, people losing money. The stock market is down. Economy is on shaky ground right now.

[Ian Dunlap]

People are more concerned than ever.

[Troy Millings]

Like, you. Like, you playing games. But it's not a game.

[Ian Dunlap]

And these are not impactful wins. It's like preseason wins. Like, what does Gulf of America on a map actually do?

[Troy Millings]

That's what I'm saying.

[Rashad Bilal]

Anybody visit the Gulf of.

[Troy Millings]

Just doing all this. All this nonsense, just to play, to fight over it. Making English the official language of America. Was that necessary to have a document to sign into order that English is the official language of America?

[Rashad Bilal]

It's comical at best. It's comical. Like, what are we talking about? Surprise. English is the official language. Okay.

[Ian Dunlap]

Together. Yeah.

[Rashad Bilal]

We're not at 100 days yet, man.

[Ian Dunlap]

So you think you make a Turnaround by day 100?

[Rashad Bilal]

No. No.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Unfortunately, no. Yeah. Because what happened?

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[Rashad Bilal]

We can say that we're going to do these things, but what we never hear is the retaliation. Like what does China say that they're going to now retaliate with?

[Ian Dunlap]

Absolutely.

[Rashad Bilal]

Obviously we know we have leverage over some countries, Canada, Mexico. But China is not the same.

[Ian Dunlap]

Not China, not the same. Not India, not the same.

[Troy Millings]

I mean even no said this. We said it. He said he thought that if Trump won the stock market go up immediately and then download.

[Ian Dunlap]

He did say that.

[Troy Millings]

That's what he said.

[Ian Dunlap]

He did say that.

[Troy Millings]

So we'll see.

[Ian Dunlap]

For all of you, he doesn't know crypto. He's a billionaire, bro. Like you got to look at that net worth number and realize it means something. And there's also a lot of information that he may get that the public may never see it.

[Rashad Bilal]

I mean the, the access to information that those guys have.

[Ian Dunlap]

That's different.

[Rashad Bilal]

It's different. Like we said, we, we talked to Robert Smith for 15, 20 minutes. The depth of knowledge that he has is just by being in spaces. The fact that he even feels like, like he wants to share it was just like.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Extremely humbled by that.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

But there's so much more that he, that he knows that he doesn't have enough time to tell us. Like he has to go. Like, so trust me, if we get information and we share it, like please listen, please listen.

[Troy Millings]

Fix the economy, man. That's all. That's the only thing that matters. Everything else is a distraction.

[Ian Dunlap]

Can we, can we fix the economy being this much in debt? Like I think Doge on, like I said, on the premise is a great idea. The execution of it. Horrible, horrible. Needs to be. But how politics work, that's a whole nother discussion that I won't get into. It's going to Be very hard to fix the economy, especially if you look like what we came from. From like 96 and 2000. Like, how the hell did we get here? Almost like somebody was paid to make some changes over here. We're here.

[Rashad Bilal]

We're here. We're here now.

[Troy Millings]

So Cole. Cole Fell has fallen more than 75 from his September 22nd high and now trades at the lowest price in almost four years.

[Ian Dunlap]

J. Cole, you next to Freddie. Get mad.

[Rashad Bilal]

Yo. Easy J.

[Ian Dunlap]

The bigger lesson I want to cover is for all my traders, there's a lot of things you can trade. I think you need to stick to the ones that are going to go up and have the most value, like gold. Sometimes we can get too excited as traders to see this kind of news, and we want to figure a way to play it like the bond market is still in free fall. Coal is in free fall. Remember when lumber went up like crazy a few years ago? Still in free fall. I think the great lesson that we have to remember is that a asset trades in a primary direction for a long period of time. Do not go against that direction or you're gonna end up dying. Especially in a market where there's more turmoil. The more instability we have, the more assets we're going to have to go to the downside. Please be very careful.

[Rashad Bilal]

This is. This is a very, very good lesson in supply and demand.

[Ian Dunlap]

Absolutely.

[Rashad Bilal]

That's what this is. Right. China, which was the largest economy for coal usage, has now decided to create their own. Yep. They've sourced their own. And so it leaves the countries that used to supply coal with the oversupply.

[Ian Dunlap]

Yep.

[Rashad Bilal]

No demand. Problem number one, you got too much. The second thing is parts of the world with large economies are looking for renewable energy.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

That old way of energy is no longer efficient for us. Problem number two.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Those two things combined. What will, when we talk about a 75 decline, leads to disaster. It's a. It's a. It's a recipe for disaster. If people don't want it and they're finding new sources of energy that can be renewable and the people that used to want it now produce their own and they're not relying on you, then you're going to be out of business.

[Ian Dunlap]

Yep. We're having the same thing in Coco. Like, listen, go. Look, I know sometimes you think we're being sensational. We're not. This geopolitical war with US versus China is upsetting a lot of markets. Please. Because if they were one of our biggest partners and now they're turning our back on us because they're tired of our tricks if we don't have anyone else to buy. That's why I kept telling y'all a few years ago, bricks is really important. That's the real big three. Like, if we don't have good relationship with India and China, things are going to go awry for us. And here we are.

[Troy Millings]

So, okay, so Google dropped 16 in February, worst month in nearly three years at 22 times earnings. So it's now the cheapest of the Mag 7. Is it time to start buying Google?

[Ian Dunlap]

Google needs to be out of the Max 7. I want to be. Google needs to be out of the Max 7. Amazon.

[Rashad Bilal]

Listen, wait, who you put? Who's replacing? Why are you like, all right, go ahead, go ahead, go ahead.

[Ian Dunlap]

Shout out to everybody.

[Rashad Bilal]

Google, Apple, Microsoft, Amazon, Meta, Nvidia, Tesla and Google. All right, you taking Google out. Who you playing?

[Ian Dunlap]

Anybody we can put in Slumper. Do not put a McDonald's. I don't care.

[Troy Millings]

Google.

[Ian Dunlap]

Where's the demonstration of the chip? I haven't even seen the chip. Amazon came out with a quantum chip. How the hell did you let Microsoft and Amazon beat you to the punch of some. You thought of nine years ago? One of the greatest companies ever. I know y'all gonna be like, yo.

[Rashad Bilal]

You said this is my bad day.

[Ian Dunlap]

Listen, y'all do what y'all want to. Google should be out of the Max 7. Is Google magnificent anymore?

[Rashad Bilal]

Yes, man.

[Ian Dunlap]

Open AI is eroding their main business. If it wasn't for YouTube, Google would be done.

[Rashad Bilal]

It would hurt.

[Ian Dunlap]

It would.

[Rashad Bilal]

But it's still here. It's still here.

[Ian Dunlap]

Biden's still here. Don't mean he affected.

[Rashad Bilal]

That. They. Well, why did they fall? Is the first part. And it's why you saw Microsoft pull back, right when you tell people, look, we're going to spend $100 billion next year.

[Ian Dunlap]

But that's not the only.

[Rashad Bilal]

No, that's not the only reason. It's compound. It's compounded. So the first thing is like, yeah, they said that they're going to spend 75 billion on AI. We don't know what the return on that is going to be just yet. Gemini is a good product. We can't deny that it has rated as the most efficient search. This is true. This is not theory. This is not for my opinion. This is true. No, it's true. This is true. All right, now, number two, they did see a pullback in cloud computing for sure, right? So you went from 35 to 30 last quarter, those type of when, when investors see any type of decline in the business area, that does not help a company. Right? So if we're saying like, hey, you know that Chinese news thing that was, that was disruptive, can we be more efficient with our spending? Does it really cost as much to do the things you're saying you're doing? It hurts. It hurts the entire space. It hurts the entire space. So I could understand the pullback. I don't think it's. This is a true 2 trillion dollar company, bro.

[Ian Dunlap]

Ladies, Google is the, the man who.

[Rashad Bilal]

Didn'T live up to Should Tesla be there? Wait, should Tesla be there?

[Ian Dunlap]

I've been saying Tesla should be out as well.

[Rashad Bilal]

Also, there's a Mac 5 fantast.

[Ian Dunlap]

I've been saying two tech two index forever. I think it should be a core four. Okay, that's neither here nor there. Google has missed too many opportunities. Open AI, we have to agree, is eating their lunch.

[Rashad Bilal]

Yes.

[Ian Dunlap]

There's a bunch of companies that are better and have given better returns. I don't think they have a leadership issue. I just don't think that they're focused.

[Rashad Bilal]

I think it's a talent retention issue.

[Ian Dunlap]

Gotta fix the culture, right?

[Rashad Bilal]

Because if what just what you're saying is 100 true, right? Like they were ahead of everybody, everybody by, by year. And they had the engineers to do it. And those engineers have left and gone on and created a lot of the things that we use today in terms of the word, in terms of the world of gbts.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Why haven't they been able to retain that talent to create a product, right? Like that's the things, right? Like Microsoft, they have product. Apple has product. Meta has product. YouTube is the best product.

[Ian Dunlap]

Yes. But after that it's like search, search, bro.

[Rashad Bilal]

Shout out to my people at Google.

[Ian Dunlap]

Shout out to everybody at Google. I think y'all amazing. And it fixed the culture. Meta's better. Microsoft is better. Apple is better. Eli Lilly is better. I'm sorry, I think they should be out of great company still. I just think they should be out of the Max 7. And the Max 7 trade over.

[Rashad Bilal]

It went from Fang to Max 7.

[Ian Dunlap]

Yeah, y'all gotta come up with something else now. So Microsoft, Apple, you need Google for maga Dre. But we need another company with a G suffer with.

[Troy Millings]

But when you say that they don't have product, what do you mean by that?

[Ian Dunlap]

They don't have hit products that have been innovatable in like the last, I don't know, 10 years because they ushered like the quantum idea all this Chat GPT.

[Rashad Bilal]

That's them.

[Ian Dunlap]

Was their idea.

[Rashad Bilal]

Yeah.

[Troy Millings]

What about the phone?

[Rashad Bilal]

Is that so it's okay, is it? When we think of phones especially in America, it. Where is it at? It's. It's trailing the iPhone.

[Troy Millings]

Outside of America.

[Rashad Bilal]

Outside of America. But that's what I'm saying. The brand dominance here is dwindling and I'm not even talking from a quality standpoint because it pro. Not even probably and shout out to everybody at Google again. But the quality of the. The product is probably better than the iPhone. Right? Like probably probably right. But Apple just has a brand dominance that people believe it stand by and have a retention for.

[Ian Dunlap]

Like it's been Google Pictures. The natural evolution of search. They missed that old. It'd be like if we let black go colonize Africa.

[Rashad Bilal]

They had it. Artificial intelligence is there. It was theirs. It was theirs 10 years ago. Right. Like that's what I'm saying. So like Microsoft has had Microsoft's Office. Right. And then it became co pilot. That's a product. Right. Like now Chat gbt. We already know that that is a. I mean we can say that's a. That's a Microsoft.

[Ian Dunlap]

When I had him on payroll and dropped the ball, Microsoft didn't even care about AI the last five years. Like so okay.

[Troy Millings]

So all right. This one you kicked them out and.

[Rashad Bilal]

We don't remember this what I do.

[Troy Millings]

This one I'm sure people will be interested in what are some top stocks to watch right now because they are close to their buy price.

[Ian Dunlap]

I think Nvidia is going to be very close. Got them to get in there. We got to talk about the Chinese investment. I think Alibaba and Tencent are at a point where we need to start.

[Rashad Bilal]

Alibaba's on the run like 56.

[Ian Dunlap]

It's gonna pull back.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

It's gonna pull back them 10 cent. And I think Pfizer is finally at a price where some things may turn around. If they have. I'm hearing some news about a potential drug and then being out of the slumps. If that turns around, I think that that can be one as well. And then once again when Bitcoin pulls back. But please listen this time like this fall back from Bitcoin is not over.

[Rashad Bilal]

I'm. I'm with you on those. I'm gonna add Microsoft in there. When you. When you're Talking about the 52 PICAI was 456. We're trading down almost under 390 at this point.

[Ian Dunlap]

Yep.

[Rashad Bilal]

Microsoft's getting that territory. I had Broadcom.

[Ian Dunlap]

Yeah, Broadcom, I think.

[Rashad Bilal]

And they'll be reporting it. We'll talk about that a little later with companies that'll be reporting this week. Shoddy. I think you'll like this one. I think MicroStrategy is in that space where we've watched it pull back to a point. And I know like 25% was my market. It's actually falling below that. And we know how bitcoin moves in cycles now that it's like a risky trade. It's a risky trade or a risky investment just because of the fundamentals of how that company's being run. But if we're talking just about price and price entries, I think it's there for. Oh yeah, yeah, yeah. And then I had.

[Troy Millings]

Strategy is dependent on bitcoin, so.

[Rashad Bilal]

Right.

[Troy Millings]

But bitcoin continue. If bitcoin continues to drop, microcharge is going to drop too.

[Rashad Bilal]

Exactly. That's that. It's like it's one of these risky investments. And I put Kava in terms of share price.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And so I had option close on it. But now I'm actually interested in buying the shares because I did watch their earnings. Everything was positive. It's just that the economy is on a downturn right now. So those are the ones I would.

[Ian Dunlap]

Put micro strategy at 219. I like.

[Rashad Bilal]

It's getting there.

[Ian Dunlap]

Yeah.

[Troy Millings]

It's close.

[Rashad Bilal]

It's trending.

[Ian Dunlap]

Yeah.

[Troy Millings]

Okay.

[Rashad Bilal]

Oh, Tesla. And Tesla. I put Tesla.

[Ian Dunlap]

Fake news. You gotta fall a bit more for me to Eli. Eli's too volatile, man.

[Rashad Bilal]

We're 285 like on December. I'm put December 17th. It was at 480.

[Ian Dunlap]

What. Can somebody in the comments put the date when he did the salute? That would be if I could have shorted the stuff.

[Troy Millings]

Well, and he's. And he's losing market sentiment and he's losing absolutely. In Germany. All over the. The Euro world.

[Ian Dunlap]

Yeah.

[Troy Millings]

Like.

[Rashad Bilal]

And they're getting beat. BYD is kicking their face in China right now.

[Troy Millings]

Right.

[Ian Dunlap]

But to the point, Slim, he lost.

[Troy Millings]

A contract for Starlink in Mexico.

[Rashad Bilal]

Carlos.

[Troy Millings]

Huh?

[Rashad Bilal]

You said he lost it. Carlos Telecommunications, actually. That's great. So people don't even know who Carlos Slim is. We were actually talking about this with some students who's worth $75 billion and people have never heard of him. Telecommunications in Latin America have giant.

[Troy Millings]

Elon stopped playing games with him. He pulled the plug on him.

[Ian Dunlap]

Yep.

[Troy Millings]

$6 billion lost in a day. So he's burning too many bridges. He's making too many enemies. He's. He's being too political and it's hurting his companies.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Which is why we're at 280.

[Ian Dunlap]

And and during a time because I know some people are going to say, well there's been other leaders that have been braggadocious or arrogant like him. And it worked out what we also had zero interest rates at that time.

[Troy Millings]

And he's going to have, he's gonna have to pay for this four years from now too because there will be a Democrat for the next president and they're gonna, they're gonna, they're gonna revenge, they're gonna have, they're gonna be. He's gonna feel a wrath of what he's done. So that's why most of these guys played a political game and they just kind of just, you know, he's made a decision to go ultra one side and eventually that this situation is going to turn around. That's going to be harmful to him, to his companies.

[Ian Dunlap]

Yeah. Year to date, Tesla's down $93 and this went from like you said 436 in 2024 down to 286. But say sorry, it helps. Here's a noble idea. Most companies or people around the world don't want to support a project that is tied to anything Nazi related. Board API club. Y'all learn this lesson a hard way too. Sorry.

[Rashad Bilal]

Surprise. It's down 25 on the year bear territory. Yeah, that's a correction. That is a correction.

[Ian Dunlap]

And you better go pick up the baby mama off. She ended up with 50. Tell all doc.

[Rashad Bilal]

Number 13, bruh. 13.

[Ian Dunlap]

Tell me about it.

[Rashad Bilal]

It's a lot.

[Ian Dunlap]

Discipline is key.

[Rashad Bilal]

That's a lot.

[Ian Dunlap]

Discipline is key.

[Rashad Bilal]

Thirteen is a lot.

[Troy Millings]

Any international stock recommendations?

[Ian Dunlap]

I don't think we talked enough about Spotify. Despite the stuff that Drake has went through. He was at Wrestlemania or elimination chamber in Toronto.

[Rashad Bilal]

Yeah, he was.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Travis Scott was there.

[Ian Dunlap]

Straight up.

[Rashad Bilal]

Wonder if they crossed paths.

[Ian Dunlap]

Nav was there. It was a lot of Toronto drama but Spotify has done incredibly well. And for all the Kendrick fans like I think the Spotify trade being owned by the big three, it's up $337 over the last year and over the last two years is up 483.55. I know Apple is a big competitor but I use Spotify. They've done a great job of turning this around. 53 week high is 652. The 52 week low was 249. Just a hell of a turnaround and I think it's all underlooked. If this was an American company, I think we would talk about this a lot more. And I think they're doing a lot better job than Apple Music is as a whole. So Spotify is the one to keep your eyes on.

[Rashad Bilal]

Yeah, I think you mentioned it. Mercado Libre, we always talk about it, but I don't think people are really like Investing. It's up 20 year to date.

[Ian Dunlap]

Super.

[Rashad Bilal]

This is, yeah, super bullet. This is one of those models where we've seen this work here in terms of Amazon, similar characteristics. And so you see the growth potential from that company. I think, I think that's definitely. Yeah, one of those ones that I don't know if they'll split anytime soon. I know it's Trade is over $2,000 a year.

[Ian Dunlap]

I don't know.

[Rashad Bilal]

We kind of said the same thing about Amazon. When we saw that run up to 2,000, it was like, yeah, but Basos never splits. It hasn't split during his, his run as CEO. And then finally he steps down and Jassy says, all right, we're going to do a split. So we'll see what Car Libre does. But I think you got to watch Baba too.

[Ian Dunlap]

For sure.

[Rashad Bilal]

You got to watch Alibaba. I'm not the hugest fan of Chinese stocks, but it's one to watch, especially when they're talking about the investment inside of artificial intelligence. And we know as a culture how they work on the terms of efficiency and how they make things expeditiously.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Like quick.

[Ian Dunlap]

Very quick.

[Rashad Bilal]

So definitely, I would definitely watch Baba.

[Ian Dunlap]

And to gain pole position, to be the number one superpower in the world, their stock and real estate market have to do well. So if they're pouring all this money into AI and then they are allowed to float and have free reign. Yeah, they can give us a tough time.

[Rashad Bilal]

Yeah. And they're going to find a company like we have an Nvidia. Right.

[Ian Dunlap]

They're gonna find one.

[Rashad Bilal]

They're going to find one. They're going to have one that they're going to create. It'll take some time, but they're going to find one.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Where they won't have to rely specifically on American semiconductors.

[Troy Millings]

So what do you, what do you think the, the floor is for the, for the pullback? We down like 10 Nasdaq S P. Not down that much relative to its all time high. But I mean, there's still a lot more room to go potentially if we hit a bear market. So where's the, where the reversal at.

[Ian Dunlap]

For NASDAQ Yeah, man, I hate doing this because, you know the comments, they're gonna be like, yo, that's good to never get there. I think NASDAQ could get to 17:9 if we don't correct course.

[Troy Millings]

I mean, you get to 17:9 by the end of the week. It's been trending at like 300 point drops easily a day.

[Ian Dunlap]

And the, I won't say the scary part, but like, that's a part. That's a price where I would look to, if I was looking to enter. I would probably wait for that price if I'm not already currently invested or if the news turns positive. So, like how everything works, you have a geopolitical agenda, then you have the American agenda, the capital flows and as a result the companies go up. That's why we spend so much time talking about the geopolitical and what's happening in the White House. Until you see a strong and even in the Biden administration, I think the spending of all that money will entail was a huge mistake. It was mismanagement.

[Rashad Bilal]

We're gonna need that back.

[Ian Dunlap]

So, yeah, 17,900 is where I would look to enter on NASDAQ and we could continue to fall from there. Interesting thing on the technical side, if you look at the one year chart going back to December 2024, there's been a triple top on the Nasdaq for my traders. You know, if you get a triple top, normally that fourth time we don't make it there and we drop down 20 to 28 and then we start to claw our way back up. We just happen to have a president that may make that happen a lot faster than we're used to.

[Rashad Bilal]

That's crazy. I'm looking at it now. Yeah, yeah, yeah. The S P. I mean, last week it was the first time it went negative for the year. So there's still some room to full, I think around 5780, that first resistance point. But if it goes lower than that, we could. You could be on the down tail to 5,400, which is. Wouldn't be good. Definitely wouldn't be good. So we haven't even hit a pullback yet in S P with like I think a quarter of a point positive this year.

[Ian Dunlap]

Yeah.

[Troy Millings]

Okay.

[Ian Dunlap]

I know this isn't doom and gloom. Happy Monday. Thank y'all. Hit the like button. Share with five friends.

[Rashad Bilal]

I got a cake.

[Ian Dunlap]

Yeah, it's Troy's birthday, yo. But we just have to tell you the real.

[Rashad Bilal]

They look like the emoji, right? Put the, put the case in the chat man.

[Ian Dunlap]

And to your point, going back to the power relationships, especially when you're not the superpower anymore on paper and economy is tight, can you tell them about how important it is to keep the relationships intact and it's not time for war because I don't think we factored in all of these countries aligning together at a perfect time.

[Rashad Bilal]

Yeah. It's the number one way to prevent a war is not start one. And we talked about. I knew we even named it. The title of one of the episodes is Being Is the bully. But after a while, like a bully gonna get jumped.

[Ian Dunlap]

Absolutely.

[Rashad Bilal]

And hopefully that doesn't happen so that there's some, you know, democracy throughout the world. But the way things are looking. Right. I'm interested in seeing, like I said, the retaliatory environment that comes from all this because it is early and it's a hearsay and we saw a delay. Is it just propaganda or are these things actually going to come about? That's. You always want to keep a positive relationship, or at least if it's not going to be positive because you're not always going to like people you're not always going to like. Let's have a working relationship.

[Ian Dunlap]

Yes. A respect.

[Rashad Bilal]

A working relationship. If it's not going to be a positive one.

[Ian Dunlap]

That's why I even think the Zelinski move. It was in poor taste and terrible timing. Like, I know you want to cut off how much money he's receiving. There's a way to go about that, though, because you want to play the Putin like you're tough news flash food.

[Rashad Bilal]

Regardless, it's setting up the stage for the only person that he will talk to or listen to is the president.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Right. So I'm kicking him out and he can't come back till he's ready to talk peace. Then let's send him to Fox News and let him tell his real story. The stage is being said for. Hey, I sat down with Putin and this is what we came up with.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Sorry. What you think, man? This is. Yeah, this is your fee. I don't even want to go over that.

[Troy Millings]

Make the money, man.

[Ian Dunlap]

48 laws of power.

[Rashad Bilal]

I don't.

[Troy Millings]

This is just make the money, man. Everything else. Everything else work itself out. If the money stops flowing, they're going to turn on them by June. The money starts flowing.

[Ian Dunlap]

Absolutely.

[Troy Millings]

Republicans.

[Ian Dunlap]

There's a lot of infighting that's happening. Right, right.

[Rashad Bilal]

If they start turning in now, you don't have congressional support.

[Ian Dunlap]

I know congressmen are getting a lot of pressure. It's tough. Even in Texas. There's a lot of talk about what they can do to get them out of office already.

[Troy Millings]

Yeah, yeah, yeah. One of these things, huh? What are the top three companies you like in xlv?

[Rashad Bilal]

See if we got different ones.

[Ian Dunlap]

You go first.

[Rashad Bilal]

Top three. I know you're gonna say Lily, so.

[Ian Dunlap]

I'm gonna say that for you, baby, for sure.

[Rashad Bilal]

I'm gonna say Thermal Fisher.

[Ian Dunlap]

That's your baby for sure.

[Rashad Bilal]

Saying that for a long time.

[Ian Dunlap]

And then I. I know. Are we thinking the same one?

[Rashad Bilal]

Well, give me two. Then I. I'll go to third.

[Ian Dunlap]

I. I said United. I don't love the company, but for where it is in terms of price, that's not a bad place to potentially pick it up. The last time it got to this level, 439, it took off. So maybe if we get to 415, I wouldn't mind picking it up at that company. I think there's a lot of things that needs to be done better in terms of leadership, but they are a powerhouse company and do have some competitive advantages. I don't love the stock, but just based off price, around 415, 420, I would like to pick it up.

[Rashad Bilal]

So, okay. It's like the Ugly Duckling United Health in that one. So I was looking. I had Abbey V on there.

[Ian Dunlap]

That's a good one. Anderson Stock Club.

[Rashad Bilal]

So I'm go with that. Okay, I'm gonna go with that one. Because I. It was going to be between that and Boston, and I was like, Boston's underrated. I'm gonna go, Abby. So those would be my three inside of it. But, yeah, I think that's a strategy that people don't overly utilize. Right. When they're trying to find a company in a sector. Go find the ETF of that sector.

[Ian Dunlap]

Absolutely.

[Rashad Bilal]

Look where the. The fund managers are actually allocating their money to. Who's the leader in that sector. There's a reason that they're putting the money into. Absolutely right. There's a. There's a growth potential at the top, and you're going to see less growth potential at the bottom, or else the money would be allocated toward it. So if you're looking like, hey, I don't know, consumer discretionary. Well, go find a consumer discretionary ETF and look at where the funds are actually allocating the money. Those are some solid companies that, I mean, Lily sits at the top for a reason.

[Ian Dunlap]

Absolutely.

[Rashad Bilal]

Inside of xlp, which is the Spider Funds etf.

[Ian Dunlap]

And I'm not A fan of sector rotation. But if tech has the issue, Healthcare is always going to be fine. Healthcare is always going to be fine. It's the number one GDP mover in our country. ABBV is amazing. Lily's great. United has issues. I think there's still some value there. Thermo Fisher. Underrated. So look to invest a lot more to healthcare if we do hit.

[Rashad Bilal]

Some.

[Ian Dunlap]

Tumultuous times in the market. For sure.

[Troy Millings]

Yeah. Okay. Okay. I do want to take a break to talk about Carnegie Hawk. We had a conversation with Robert Smith. So that's always. Always good to kind of get some insight from him. So he was real big on AI. He told my AI and stuff like that. He actually said he wanted to sell us a agent. An agent.

[Ian Dunlap]

Not. Not bad.

[Troy Millings]

Yeah, there you go.

[Rashad Bilal]

The agent's calling us.

[Troy Millings]

Langley.

[Rashad Bilal]

Took it too far. He wired.

[Ian Dunlap]

Y'all.

[Rashad Bilal]

Be wired.

[Ian Dunlap]

Langley gotta have the means in the pool.

[Troy Millings]

But now he was talking about AI. He was talking about how. Yeah, he was real big on. On personal agents, which we've been hearing about for a while. Like, you know, but also one of the things that. So when I think. I don't know where Troy was, I think he. He got miked up, whatever. Because I had met him first for a couple of minutes before you came, we had, like, a conversation. When I first saw. I. You know, you see somebody, you know, most of the time, it's like, you know, just small talk, you know, make a joke, whatever. And one thing that stuck out to me is that first thing, like, I saw him dab them up, he's like. He said, tell me about what you're doing in Ghana. And then I started talking, and then he starts talking about, you know, the African Union. And now, you know, he spoke to them and he started talking about Africa, his whole plans for Africa, like, what he's doing. And then, you know, he just starts talking. And then we get on stage, we talk. And then he had to leave because he had to. Actually, we moved his time up because he was going overseas, so he had to. He had to catch the PJ from New York to his home in Florida that night, at night. And then in the morning, he was going back to Europe, so he actually moved the time up for him. But I say, I have to say, very efficient with his conversation.

[Ian Dunlap]

Okay.

[Troy Millings]

Never wasting time. Never, like, you know, just not being long winded. Yeah. And I think that's something that's vitally important because you see the difference between somebody that's worth $10 billion, right? Like, his brain is moving like a computer. And it was like, right away, tell me about what you're doing in Ghana. I get on stage, I gotta go. That's it. And it's like, you know, we. We probably see him a couple times a year, so it's not like we talk to him every single day. So even for him, it's like, all right, I'm gonna see these guys. I just.

[Ian Dunlap]

I got.

[Troy Millings]

I've got some questions I need to ask them. I got information I need to get out. I gotta give them some information. Okay, we'll resume this conversation later. So it's like, for. For you guys, the audience, time is money.

[Ian Dunlap]

Absolutely.

[Troy Millings]

And time is valuable, so you can't waste your time with nonsense. And we talk about this so many different times. But. But that's just a prime example of, like, you're wasting your time. And at the highest level possible, like, you know, they know that time is really, really a valuable commodity. They don't waste it. So just to have that conversation with him, hey, it was dope that he was actually even tuned to know what he was doing. But, b, it was definitely like, you know, I. I took note of that. Like, I mean, like, it's like, he didn't. He's not playing no games.

[Rashad Bilal]

No. And when you don't think he's working, he's working. Like, I walked into the conversation, he was telling us about what he's doing on the continent and trying to help us be more efficient. I think every time we speak to him, he always hears what we're doing, and he's trying to figure out how we can be more efficient. So even when I'm telling him, like, he's asking us a question on stage, and I answer the question, he's like, do you have an agent? I'm like, no, we don't have one yet. He's like, I'll sell one to you. Like, I want to make y'all more.

[Ian Dunlap]

Value, more efficient, but also not to cut you back. He may know how important this time that we're in is, so who doesn't fall short?

[Rashad Bilal]

And he understands it. That's why I think it's so important. Like, if you ever hear somebody of his caliber is going to speak, you need to be there. Like, you need to be there because I'm asking the questions personally, because I want to know. But, like, I want the audience to hear his response from the highest level of thought inside of the technology space. Like, we talked about racial equity inside of AI and the. The. The thought around that. And he was like, this is the perfect question. And the way he answered it was so eloquent, it made it feel like, look, everybody has a part to play. Like, yes, we're using it from a consumer standpoint, but yeah, there's a small part of the world that is creating every prompt for all these gbts.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And that part of the world is a small little place in California called Silicon Valley.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Right. And it's like, damn, if they're creating a prompts and we're not there, then how? Who's going to be answering for our culture, for our demographic, for any demographic. Right. There's nobody doing that. And so trying to engage people to have that thought process, like, no, we need to participate at a different level. And it's not even going to be a left behind type thing. It's going to be like obsolete type thing. Like, we have to make sure that we're part of this. He's just a brilliant dude, bro. Just a brilliant dude.

[Ian Dunlap]

Is the interview gonna come out on YouTube anytime soon?

[Troy Millings]

Not sure.

[Rashad Bilal]

Might be a one night only. Might just be a one night to be there.

[Troy Millings]

That's a fact. Sometimes you gotta be there in the morning. But then we also spoke to the CEO of lvmh. You actually said it wrong before. I said Louis Vuitton, but He's actually the CEO of LVMH North America. So he's CEO of all of those brands. And they have 48 brands under the umbrella of LVMH. So I was asking him, I was like, you know, who gets the top priority? That was insightful too. He's like, you have 48 brands, but seven. Seven brands drive the ship. So he was like, you know, you got the Hennessy, you got Louis Vuitton, like the, the main brands.

[Ian Dunlap]

Right.

[Troy Millings]

So he was like Emilio Pucci, like, no matter what they do, they're not gonna make a difference in their portfolio. Right. So you focus. This goes to investing.

[Ian Dunlap]

Great lesson.

[Troy Millings]

You focus on top tier.

[Ian Dunlap]

Yeah.

[Troy Millings]

Everything else will fall in line.

[Rashad Bilal]

Yeah. If they, if they do well, great.

[Ian Dunlap]

They don't, then you give more attention.

[Rashad Bilal]

Portfolio allocation, Louis Vuitton, Tiffany's date, they're going to offset all this.

[Troy Millings]

That's why I said going back to crypto, there's bitcoin and then there's everything else. Y focus on bitcoin, everything else follows suit. You start going down to 37th and 109 meme coin. And that's a recipe for disaster.

[Ian Dunlap]

Yeah, yeah.

[Rashad Bilal]

He gave me. So when we were Leaving. And he was. I was telling him, like, this is a great story. And he brought a Hennessy. He was like, yo, this Hennessy is part of the culture. And, like, when we grew up, it was like, I remember Prodigy and havoc with the Hennessy Jersey.

[Ian Dunlap]

Y.

[Rashad Bilal]

And I'm like, for me, as a young kid, that's the first time I'm seeing Hennessy. He was like, no, no. It goes back to 1933. Hennessy was the first sponsor of the NAACP. And so he started giving me knowledge about that. I'm like, damn. There's a what? Like, just being in these spaces, like, you learn things. I'm like, oh, I had no idea. Okay.

[Troy Millings]

Yeah, he's smart. He's super smart. He's smart.

[Ian Dunlap]

Is that another big management lesson or CEO lesson that you took away? And like, okay, I'm gonna add this to my personal playbook or how I run my business.

[Rashad Bilal]

That was only the first. So that was the first conversation we had. The next conversation we had were just some brilliant minds as well. Who's a. I mean.

[Ian Dunlap]

Oh, stupid. Yeah.

[Rashad Bilal]

Jeez. Look, listen, man, get in the room.

[Ian Dunlap]

Yeah, that.

[Rashad Bilal]

That would be my best advice. And get in the room and be intentional about what you're trying to learn. Right. Just by mistake, by being in that room, you're going to learn everybody that was there. I got text messages. People saw us like, yo, y'all blew me away tonight. I don't know how y'all keep doing this, but, like, it. The information just never seems to get old and always feels like we need it at this exact time.

[Ian Dunlap]

You.

[Troy Millings]

Yeah, for sure. Well, AI, so the other gentleman that we spoke to, he was in the fashion world how AI actually helped him as far as come up with the. Like, from a creative standpoint, it came up with the actual concept of the design for the handbag. So it's like he gave it the idea of the spec of how he wanted the handbag to look, and he actually built a 3D model based off of really, AI prompt. So he was saying it's going to be more of that from an architectural standpoint. From everything. Right. As far as not just AI answering questions and providing you information, but also thanking. And actually the creativity aspect of it, like designing. AI Design. AI Design. So that was something that was pretty dope. But, yeah, I mean, it was a bunch of different gems from. From all of them. Really. Everybody that participated. So. Yeah. But definitely.

[Ian Dunlap]

And rock him to close it out.

[Rashad Bilal]

That was crazy. That was crazy. That was crazy.

[Troy Millings]

That's a fact. Shout out to rock him. Okay. Okay. So what about Chinese stocks? Are you still looking to invest in Chinese stocks?

[Ian Dunlap]

I think it's pretty much. I think this should be a hedge. I'm not saying that you should trade Apple, Microsoft for Alibaba and 10 cent, but given the move over the last couple of months and as this war intensifies, I think it would be a mistake to not so maybe if Alibaba gets to like 1:21, I would take a shot there, but I think you definitely need some exposure for sure. Once again, the deep sea thing I think was a Trojan horse to tell you China's back. I think Grok is probably better and you get to keep your IP for now, but. But I think Alibaba and Tencent have to at least be on your radar to add your portfolio for the next four or five years. If our economy does not do well, the hedge is healthcare and Chinese stocks as a hedge. If Trump does not manage well his next four years.

[Rashad Bilal]

I think those are the two. I think those are the two dot if you are looking at an emerging company, I think BYD is something to put on your watch. BYD is I think about doing something to put on your watch list. But yeah, I, I think the moment that, I mean January 27th will never forget, but the meeting that happened after amongst Chinese officials that was called after the deep sea fiasco from our standpoint was important because it marked an error of like, hey, we need to come together. This is the who we're fighting. How are we going to combat it? And then a week later you hear Alibaba saying they're allocating whatever amount of billions dollars to AI. Yeah, very important. I think you nailed those two. And then I would have those other two.

[Ian Dunlap]

And if CNYA, which is the ETF gets to like, I don't know, 15 bucks or something like that, I would take a stab at that as well. But that would be like a, like last measure. But bye bye 10 cent auto ones and, but BYD, I'm afraid because the car looks better than the Tesla, we're gonna be. If we just looking car for car. BYD is outperforming for sure. So. And if they make their way into America and begin to sell here against Tesla.

[Rashad Bilal]

Part of the deal, they'll sell in some other countries for sure. But that's the thing. And that's what with Tesla from a worldwide standpoint. Right. Having EVS globally. Right. Charging stations, a lot of places don't have the infrastructure for it. That's true just yet, like we can do it because there's open space in the middle of America. We can find space. We still have open space. You go to countries in Europe and it's like where are you going to put a charging station? Right. So like that's why the, the E bikes make a lot of more sense. Right. Small, smaller, compact, you can charge that anywhere.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Whereas you know, the EV space for cars is a little bit more difficult for countries like Europe.

[Ian Dunlap]

But you think Tesla should come out with a motorcycle?

[Rashad Bilal]

I think they should have a, a two wheel vehicle.

[Ian Dunlap]

Okay.

[Rashad Bilal]

I think so. I think they definitely should. If. Yeah, I think so.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Makes sense.

[Ian Dunlap]

Elon, don't invite Kanye nowhere around you. The next.

[Rashad Bilal]

That's a product that makes sense.

[Ian Dunlap]

For sure. For sure.

[Troy Millings]

So Microsoft and, and Amazon have a quantum chip.

[Ian Dunlap]

Yes.

[Rashad Bilal]

Yeah.

[Troy Millings]

So what does that mean for the stocks?

[Ian Dunlap]

Google? You did until you show a sim that's. I'm not going to the meeting. This doesn't bode well for Google. I think now to be fair, I have a lot more faith in Microsoft so I don't need to see the simulation. But for Amazon I do need to see one. But in combination it is a concerted effort to take away any market share away from Google and we aren't talking about it enough. But like these tech wars are heating up. A lot of these companies are quietly teaming up against other companies and Microsoft and Amazon are one example to try and take market share away from Google when. And sometimes it doesn't pay to be the innovator because you end up with all the arrows in your back as a pioneer.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

But I think this is a big sign that Google needs to execute faster if they want to be able to have a strong livelihood and strong stock over the next 10 years.

[Rashad Bilal]

It's an interesting time. I was watching Ray Dalio the other day and he was talking about the stages that were in in terms of technology where we went from prompt engineering to large language modeling and now inference is, is the thing.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Right. So like inside of, of AI inferencing is now it's not just answering the questions but it's actually giving you reasoning.

[Ian Dunlap]

Behind behind it and seeing it in.

[Rashad Bilal]

Real time and seeing it in real time which is this is like now why you would need an agent.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And it Ray Dial said and the next thing is quantum. So when I heard him say that I'm like oh damn. Okay, well that's coming.

[Ian Dunlap]

It's race.

[Rashad Bilal]

The only thing is how far away are we Right. If we, we know what's the next thing we know, it's the next frontier.

[Troy Millings]

She told me seven years.

[Rashad Bilal]

So.

[Troy Millings]

So that's what she told me.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

We got. There's some time. And so I know like a lot of people, they're like, why is he gonna keep killing the quantum computing size? We're not there yet. It's. We're getting there, we're just not there yet. So to hear that Amazon and Microsoft have it. To note that Google, their, their engineers are working on it. Right. I just, you just have to believe that they are because of the level of talent that has come from there. You would think that their announcement will be, it'll be happening shortly for sure.

[Ian Dunlap]

But the poaching is the only thing that I'm worried about. Like they've had talent that shouldn't be poached.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

That have went elsewhere.

[Rashad Bilal]

Retention. It goes back to the retention.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

So I mean. Yes. How many companies could participate in it though, in Quantum?

[Ian Dunlap]

Maybe five, Maybe like. Oh my God.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

And Quantum is really just the next evolution of the AI trade. AI trades over, for the most part, the players that have dominated there because you, you. If you don't have enough money, most of these companies don't have enough money to build a data center, let alone their own AI.

[Rashad Bilal]

That was, that was my question that, that. I'm glad you brought that up. I asked this question the other night and if you were in attendance, you heard me ask this was DC the first time we saw that the, the little guy could win in this space. And the answer was pretty interesting. It was like it gave hope that you could do it.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

But it's not from the traditional way that we're going to think. Like we keep going to the bank and trying to get loans. But what happens if we all in the room come together and say we're going to create this. Or we go to the Saudis or the government.

[Ian Dunlap]

Yeah, right.

[Rashad Bilal]

And we go to foreign indices ourselves and say like, hey, we have this idea. Can we build it? Which would be a new approach. Like, we haven't seen that done yet. It might be the thing.

[Ian Dunlap]

It might be a smarter route to go.

[Rashad Bilal]

But it's the thought. Because if you don't have capital, I don't care what you say, you're not going to be able to compete. I don't care what they said. If it costs 250000 gpus, you're talking over $6 billion. Yeah. Just on the GPUs, not the data center that houses them, not the machine and the Connectivity, not the. None of that. You're talking over a 10 to 20 billion dollar project just to have it.

[Ian Dunlap]

Yeah. I mean that's labor intensive, cost intensive.

[Rashad Bilal]

We're talking about the wealthiest African American having 10.6 billion.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

And Robert Smith having 10.2 billion. These products are causing more than the net worth of both those.

[Ian Dunlap]

Absolutely.

[Rashad Bilal]

We gotta, we gotta have a new strategy.

[Ian Dunlap]

Google, I love you. These are my thoughts and my views.

[Rashad Bilal]

Remember he said that.

[Ian Dunlap]

Please.

[Troy Millings]

What's your thoughts on Bros. After making all time high.

[Ian Dunlap]

I love this question. I know Josh had brought this up before. Hell of a rebound from 2024. Dutch Bros is a solid company. I don't know if it'll be a primary investment for me. If you got it at the right price somewhere maybe around like 27 bucks. I'm not mad at it. But those you got in. Great. I think it's time to take some profit. Solid company. I wouldn't put it in my top 10 or top 15.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

It would be like in that C tier or B minus tier of, of stocks. But those you've profited from it who listen to the show. Congrats to you. But I think it's time to take.

[Rashad Bilal]

Yeah. Gotta give Josh's credit on this one.

[Ian Dunlap]

For sure.

[Rashad Bilal]

I gave him his credit on toast. I'm giving him his credit on this one.

[Ian Dunlap]

Yep.

[Rashad Bilal]

That's a hell of a run up.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

He was, he was saying that wasn't even on the. That was probably two years ago. Yeah. On the episode he did on Market Mondays. So if you put that on your watch list and you actually put some money into that, you, you've, you've seen the rewards of actually just watching the show. Yeah. And taking information and executing on it.

[Ian Dunlap]

But time to take some profit at least.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

A third of profit. Take it off the table. If you, if you had a four year or more.

[Troy Millings]

So do you think bitcoin could get to 72 000?

[Ian Dunlap]

It could. I think so depending on what Trump says. And if the crypto market and I'm looking at a couple things is how is Coinbase moving as a result? How's Robin Hood moving? And it's also scary to see that we announce a reserve and then we don't shoot up a certain percentage. This went up, don't get me wrong. But for this kind of news I would have thought we would have shot up 45, 40. And the moves aren't as parabolic as they used to be. So that's very telling. I don't know if Certain market makers are suppressing for their own benefit. But it's just interesting, like if I told you three years ago the White House would adopt Bitcoin as a reserve currency, like 200. That all the numbers they were saying two years ago. Yeah, I think we would have hit that. So to see it not move as much, I think we're going to have a little bit of a pullback this week.

[Rashad Bilal]

Impossible. Okay.

[Ian Dunlap]

Given what, what he says. Yeah, yeah.

[Rashad Bilal]

The, the cryptos are. I'm interested to see the CEOs that pull up to the summit.

[Ian Dunlap]

I am as well.

[Rashad Bilal]

Yeah. Take note of that. Take note of the CEOs that actually go to this crypto summit. First of its kind.

[Ian Dunlap]

And if Brian Armstrong is not front and center, I'm a not be afraid.

[Rashad Bilal]

I would, I would assume he'd be there.

[Ian Dunlap]

Yeah, I think he might be there.

[Rashad Bilal]

Yeah, he'd be remiss not to be there. He benefits from us.

[Ian Dunlap]

Yeah.

[Troy Millings]

Okay. Talk about the earnings for this week.

[Rashad Bilal]

All right, so we got some big earnings, man. We, we mentioned Broadcom, they'll be reporting on, on Thursday. Marvel Technology, we're reporting CrowdStrike, you know, one of those that's in the portfolio will be reporting. And it's a big retail week. So we got Best Buy, we got Target. Target has been in the news. I mean, obviously, I think Friday they had the national blackout day. Right. Support black businesses only. So Target, we'll see. That we've seen since that, you know, when we talked about Elon and that, that salute. Since that boycott has been initiated, we've seen that stock trickle down. And so we'll, we'll see what some of these numbers look like and how effective it was. So they'll be reporting as well. And there's another one I circled on here, Costco. Costco be reporting BJ's. So that retail space is, is up to bet. So we'll see those numbers. And it's interesting. What do you always watch. And I was listening to Frank Holland this morning. He was saying, look at the inverse between when Marvel. Not Marvel, when Walmart reports and then when Target reports.

[Ian Dunlap]

Oh, right, that's the trade. So Target short.

[Rashad Bilal]

Right.

[Ian Dunlap]

So Walmart short Target.

[Rashad Bilal]

Exactly. So if you start to see a pullback. Well, if they're not going there, where are they going? Where are the customers going? Another one of those inverse ones is, is Nike and Foot Locker. They'll be reported. Foot Locker will be reporting on Wednesday. If we saw Nike's numbers pulled down, and we know that's the number One supplier of retail athleisure to Foot Locker.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

What are those numbers look like for Foot Locker? So that's one of those trades as well.

[Troy Millings]

Yeah.

[Rashad Bilal]

So those are our earnings for this week.

[Ian Dunlap]

Target in 2021 was at a high of 261 is currently at 122, down more than 50%. You better make some changes fast. So you're gonna end up in serious territory.

[Rashad Bilal]

Big problems. And Z scales in the cyber space will be reporting as well.

[Ian Dunlap]

And Walmart is snatching a lot more luxury shoppers.

[Rashad Bilal]

We got. They got passed by Amazon in the retail customer space.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Which we knew was going to happen for sure. So that means that they pass FedEx from a delivery space.

[Ian Dunlap]

I mean, we're talking about efficiency. You said you ordered something. You got it.

[Rashad Bilal]

Oh, yeah, I ordered that Saturday at 10 and it was here Sunday.

[Ian Dunlap]

Two, like.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

And not to have to deal with the crowd at Walmart at certain times. Yeah, Efficiency.

[Rashad Bilal]

Yeah, that's efficiency. Yeah, for sure.

[Troy Millings]

All right. Anything else we need to cover?

[Rashad Bilal]

We got some Pisces birthdays. We got some Pisces birthdays. Again, appreciate all the love today. Thank you greatly. Appreciate it. We got a couple birthdays. Shout out to my brother, Ty. Ty. His birthday is coming up on the 5th. Our brother court. Shout out to Big Court. His birthday is coming up. Sanjay's birthday. I know Todd Davis. I know Todd Davis. Shout out to our brother. I know Todd Davis. The shooter himself. His birthday is this week. And our brother, shout out to Marathon Burger on their opening. Black Sam has his birthday this week too. Shout out to our brother, Pisces brother.

[Ian Dunlap]

Realest men ever.

[Rashad Bilal]

I can't tell what. I can't tell what. Shout out to Sam and the whole Marathon team on. On the burger. We will be next time in la. We will definitely be there.

[Ian Dunlap]

Sure.

[Rashad Bilal]

I already looked at the menu. I know what I'm getting. But I was so happy to see those guys. Copy. Behind the grill. All these dudes, man. I saw John behind them. All the guys are there. So shout out to them, Happy birthday.

[Troy Millings]

Happy birthday, Sam. I worth it all unit man. And Az. His birthday is March 9th.

[Ian Dunlap]

Oh, really? Okay.

[Rashad Bilal]

Shout out to Sosa.

[Troy Millings]

Rest in peace today.

[Ian Dunlap]

Rest in peace. To bed.

[Rashad Bilal]

Yeah.

[Troy Millings]

All right, guys. Hampton, Virginia will be in your area Saturday.

[Ian Dunlap]

Yes.

[Troy Millings]

Hampton, Virginia will be in your area on Saturday for an event. It's gonna be dope. You deserve to be rich.

[Rashad Bilal]

That's a fact.

[Troy Millings]

Do remember Blackout on Wednesday.

[Ian Dunlap]

Yes.

[Troy Millings]

And we got a special episode on Thursday. Dope entrepreneur, 6 o'clock Eastern Standard Time on earning leisure YouTube channel. So you guys tap in. Remember long term investing dollar cost average to tech2 index.

[Ian Dunlap]

Oh stock club prices will be out Saturday evening at 7pm Central so you don't have to worry about. And if you want to know where to buy, go to ianinvest.com there you have it gentlemen. Rashad said before we started bitcoin going to 32,000.

[Rashad Bilal]

I got him. I recorded it.

[Troy Millings]

You never know. All right guys, it's been real love y'all.

[Ian Dunlap]

Love do remember you worked hard to.

[Danielle]

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