Transcript was automatically generated.

0:00:02 – Announcer

Wall Street Unplugged looks beyond the regular headlines Heard on mainstream financial media to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.

0:00:16 – Frank Curzio

Let’s go to there’s July 16th. I’m Frank Curzio. This is the Wall Street Unplugged, so I bring the headlines and Tell you what’s really moving these markets. It’s a Daniel Creech Busy, busy week for you, man. What’s going?

0:00:33 – Daniel Creech

1. It’s happening. Frank, it’s great to be back. Yes, it was. I had an amazing time. I wouldn’t leave you because I love this place too much, but Boca Raton is amazing.

0:00:42 – Frank Curzio

It is nice. Yeah, it’s definitely. Everything along the Florida coast, I mean, really, I drive down there, go all the way down to Fort Lauderdale, Miami, it’s really nice down there. It’s just, you know. But yeah, so the conference was good. If you didn’t listen to last week’s podcast, you had Daniel going to the Rick Rule Symposium which he hosts every year, and these are the mining companies that Rick Rule invests in I don’t want to say personally, but through his company, so you know a lot of companies there that he’s promoting and talking about. But he’s got stake in the game and you went out there because I couldn’t that week, which was last week, and how was it? What were the takeaways?

0:01:19 – Daniel Creech

It was amazing. I think. Hats off to Rick Rule and his team the Rule Symposium. It was very from a logistics standpoint, and Hats off to Rick Rule and his team the Rule Symposium. It was very from a logistics standpoint and I hadn’t been to a conference in a while, but from a logistics standpoint it was very easy.

The Boca Raton Resort is beyond beautiful and what I really appreciated and Frank, you’ve talked about this, but kudos to them because when the speakers were done speaking, everybody was accessible the CEOs and the people representing different companies at the booths. I believe there were 60 or 61 set up and you know, sometimes there was lines and there was crowds and things, but it wasn’t like they were there for two hours out of the day and then left. There was a lot of people at a lot of booths and the other thing that really stood out to me and I appreciate is there was diversification. So you had your gold bugs, natural resources hey, buy gold, sell everything else, but not everybody was just playing to that drum and I think, from an attendee, I think that that’s incredibly valuable because you would have somebody say now, nobody was anti-gold, don’t get me wrong, and nobody liked to say Bitcoin for everybody, not paying attention there, although the narrative, I think, changed a little bit.

But overall I just think I’ll unpack and talk more about specific companies in future podcasts or maybe our Wall Street Unplugged premium podcast for our paying subscribers, Frank. But overall I thought I thought it was an absolutely great fan, great conference. I appreciated the accessibility and, like I said, the difference in opinion because it just wasn’t. Hey, gold’s great, it’s always going up and I think it was valuable. Let’s put it that way.

0:02:52 – Frank Curzio

No, that’s great and it’s amazing because the last couple of conferences I’ve been to and I haven’t been to many with gold. I used to speak at many of these, but it just it hasn’t been a hot sector and I feel bad for some of my friends who have been in the industry for such a long time. A good was it 2012,. Right was the top of the market in gold and silver and you can go 10 years where it was really really really garbage and you saw the market do great. I’m being asked to speak at a lot of these conferences. Again I’m going to start because I really like gold and silver. So again, my job is to go to the places that I think you’re going to make the most money on, and we weren’t really in gold. We had a couple of gold picks and silver picks, but nothing crazy compared to the past, like 10 years ago. We’ve really been in, but there’s a lot of names you’re going to see, especially through Curzio One, that we’re going to get into in terms of private investments and just getting warrants on a lot of these things. A lot of these guys do much better able to raise money, get a lot of these projects developed, but overall, going to these conferences in the past four or five years and some of the ones that I have attended, I just didn’t understand. I don’t understand the stubbornness behind the people in the gold industry, and there’s times to buy gold and there’s times not to buy gold. You can’t buy gold forever and, oh my God, the world’s going to end. I’m going to end. I’m going to show you how the world’s not going to end, because I don’t know if you saw the bank. They reported their results. I don’t know if you, freaking, saw the results, but I’m going to break them down to you just to show you how much money they’re actually making. Remember, net interest income was supposed to decline. Wait till you see stats on that, because interest rates are still relatively high. Right, it’s supposed to go. It’s one. Just being bullish on gold and silver, no matter what, is a terrible strategy and beating the shit out of Bitcoin holders and how they’re morons and they’re idiots, as that asset went from a thousand or maybe. Where was it back in 2012? Zero, basically, right, I mean, it was higher than that, but in the hundreds, uh, then you look at just constantly destroying this crowd, which I’m very surprised, because some people that that? No, and I’m gonna go on a little rant. I’m gonna go on a rant. I didn’t plan on doing this. I’m gonna go on a little rant.

As an analyst like me, the biggest thing, the one metric you always want to look at is your total addressable market. The bigger that is, the bigger your company could become, based on the percentage of the total addressable market you capture. And in gold, your total addressable market when it comes to investors is everyone. But if you’re looking at the last, anyone that’s 45 and under grew up in a digital age and they’re all buying Bitcoin and you’re shitting on them. You’re saying you’re an idiot for buying this dumb asset which, basically, is playing the same role as gold, but better, because you can’t increase the supply. Right, if gold goes to 10,000, believe me, the amount of projects and amount of gold is going to come online is amazing. It’s going to be insane. So you’re basically crapping and shitting on these people, which is your demographic.

As every five years goes by, 10 years goes by, you’re shrinking your total addressable market. If you keep crapping on that audience and I don’t understand that, like, why don’t you say, hey, great job. Why don’t you make gold more exciting. Why don’t you make tokenization around gold, which some companies have done, but try to explain this to the younger crowd instead of saying, hey, you’re an idiot for buying an asset at $2,000. That’s $120,000. You’re an idiot. But I own gold for how many freaking years? And I love when people put up the chart of the bottom absolute low in 2008 or whatever, and say, oh, gold has outperformed the S&P 500 in the last whatever years. 25 years, really 25 years. I’m going to be dead in 25 years, based on statistics, right, based on how long we live as men and women. We’re going to be dead 25 years.

People don’t want to own assets for 25 years. They want to own assets for six months. They want to own it for a year, maybe five months, three months. That’s the new market. So it’s just the marketing angle behind gold and the people, the biggest names in the industry and I’m not talking about Rick Rule, because he’s fantastic, but there is Frank Giustra out there. You have also Peter Schiff out there. They just crap on this audience all the time. I’m like this is your total addressable market, that you have a chance. This is, as you’re getting older, five years passes into every year that passes, your total addressable market is shrinking because you’re crapping on everyone for making a fortune on an asset and saying you’re an idiot for not buying gold instead. I just don’t get that. Maybe it’s me. I just don’t get that. I just don’t get it and that’s what I would say at the conferences. I know people will be pissed because these people are just diehard goals, have tattoos and craziness and anyway, I didn’t want to go there.

0:07:09 – Daniel Creech

Well, you should, you should say that and the other thing, and again, I don’t want to put words and I own gold.

0:07:14 – Frank Curzio

I own gold coins, I own gold stocks. I’m in gold.

0:07:24 – Daniel Creech

I own gold and things, but what was interesting is the few. I mean I visited a lot of people. I made a lot of great contacts. I can’t wait to follow up and see what kind of unfolds of that.

The one question I was asking is to attendees and also people at their booths and I said, hey, you know cause? I wanted to feel it out and if I had to guess and I could be totally wrong, cause this is the first conference I went to on this but I felt like the tone of Bitcoin had changed, meaning it got softer to your point. I would think two and three years ago was much more aggravation and more of that kind of, as you say, crapping on other people. I think some of that has backed off because I heard a couple people mention Frank, like you know, or you could add some Bitcoin to your, you know, when they were talking diversification and such and just the fact that you mentioned Bitcoin, you could tell some people were there that were just totally against it. But I think that the crowd, to your opinion, is starting to pick up on that and when I was talking to people, especially the CEOs or different representatives for companies, I asked them and I said hey, what do you think is missing in the gold story?

Because I told a few people after watching their presentations. I said, you know, slide X or whatever you put up when you post your net asset value and let’s say, just for an example, it’s $2, and your stock is trading at $1,. That’s an exciting story If you can show people that in simple, basic, hey, you know, here’s a few charts or whatever. That’s an exciting story to me. But if you don’t get it out there, if nobody knows about it, then who cares? And my question to several people was what do you think is holding back the gold industry from what you just said? How do you not make this exciting? Greed is greed people. You want crypto people to come into gold have a mining stock go 500%, just like your crypto, have gold double.

But my point was, I have to say, I didn’t get a very good answer. The answer I continued to get Frank was well, that’s a younger man, a younger investor and all that. It’s like whoa, you don’t go down.

0:09:22 – Frank Curzio

You don’t say that.

0:09:28 – Daniel Creech

You have to be willing to change To your point. You make this more exciting because I will tell you and I’ll, this will unfold and I want to talk to Frank further. You, frank, and, but there are, and there’s always, exciting stories. Frank’s always said this there’s, you know, every great resource story is an exciting story. It has to be by nature to a certain extent, but there are some amazing stories out there that are exciting, that aren’t BS, and when you get the access, like this conference put on, there’s a few CEOs that I thought I was just blown away by. And I’m not, you know, the perfect reader, but I am good with people and I have to say, man, I can’t wait to dig in and talk to Frank more about the companies. He already knows them, but then just getting to meet the CEOs, that was the real value there. But to your point, um, yeah, make it more exciting, because it is, there are plenty of exciting stories out there.

0:10:11 – Frank Curzio

Yeah, yeah, no, absolutely, absolutely. It’s just. You know the whole it did. Yeah, doll’s gonna lose its reserve currency status. I mean you still you’re basically playing the Bitcoin hands, right, yeah, but it’s.

It’s the same story and the individual CEOs, the CEOs of these individual names keep highlighting that. I’m like the whole gold industry is going to go higher. What is your particular story? To buy your stock, what’s your story? Why are people going to buy you? Just like, why do people buy Palantir and they may not be buying other AI stocks? You know, why is Palantir separate themselves from everybody else? You had Alex Karp going out there and people like, wow, this guy’s so edgy and crazy, whatever, but they’re buying him. They’re buying him, you know. I just the whole marketing angle behind gold has to change and hopefully, you know, hopefully you saw a little bit of that, but it’s interesting.

And for those who think, like you know, the world’s going to end and banks and I’ve heard this from numerous analysts the bearers saying that, oh, you know whether it’s Bank of America is going to fail, and all these derivatives on the balance sheet the banks just reported OK. So if you’re worried about the banking collapse or another credit crisis, I’m going to put this stuff in perspective for you, because we tell the truth and I have nobody above me to say that. I have to follow a line, so I could just tell you the exact truth, right, which is pretty cool about this podcast and I love about this podcast. So I’m going to tell you the truth, right, the four largest banks reported, daniel, $113 billion in sales and $31 billion in profits for the quarter Not for the year, three months For the quarter, for the quarter. But they’re all going bankrupt and the banks are done and craziness and this and that Holy shit.

You have JP Morgan, which is the king. They had sales of $46 billion. Just to put in perspective how much bigger JP Morgan is. Right, you have the four largest banks, but really you have JP Morgan and everybody else $46 billion in sales, almost double Bank of America, which you know, second largest bank based on revenue, probably based on market cap as well in the US.

Their assets in the management which I was, because when I look and you look under like 2022, it says like $3 trillion, $3.5 trillion, their assets and the management. These are no longer banks, guys, these are guys that are getting into trading activities and everything else $6.4 trillion. Jp Morgan that’s how much assets right, clients’ assets they have $6.4 trillion. It’s insane. Bank of America assets and the management $4.2 trillion. Wells Fargo $2.3 trillion. Citi around the same. They all reported we told you that you should buy Citi. Citi had great results, the best results out of these four banks, so their stock moved higher than the rest of the banks. Wells Fargo really came down. They warned a little bit, which is surprising because the rest of the banks did pretty well in their results.

But city group main reason and this is going to be the theme going through this podcast today is when you’re on the right side of politics, they are traveling with trump. They went to the middle east with trump. They have a huge global operation, just like jp morgan, most of these banks do. But when I’m looking at city group and large banks for the trump administration really hates and these guys are actually traveling with the administration that opens the door to so many opportunities, so many massive opportunities. When I’m looking at banks, daniel, here’s what I see the greatest environment that they’ve ever seen in their lives.

Rates were supposed to crash and they’re still high. They’re supposed to come down 12 months ago and banks are warning. Remember, net interest income is going to crash, right? The difference between that interest rate where you know short-term rates and when they lend out, right, so that’s big right, they make a lot of money on that and when interest rates come down. That’s why we say interest rates are going higher. We said banks are great investments.

Well before majors remember they were warning about net interest income. The four majors, their net interest income this quarter, daniel, this quarter was $64 billion. So let’s have a run rate and say $260 billion for the year and net interest income $260 billion for the year. It sounds like a lot of money. I want to put in perspective. Meta generated just $170 billion in sales for the 12 months in 2024. Again, these banks, $260 billion net interest income. Right, if you have a run rate based on what they just earned $64 billion for the quarter. Chevron $190 billion. Home Depot $160 billion in sales. Double the amount of AT&T’s annual revenue when you’re looking at $260 billion. That’s a net interest income. You want to know how big these banks are. There it is, and that’s just a net interest income because rates are relatively high. However, we did see a story right before we came on, daniel. What do they say about Trump and Powell?

0:14:34 – Daniel Creech

He’s asking supposedly President Trump’s asking a certain group in the Republican Party whether he should fire Powell.

0:14:40 – Frank Curzio

Of course, this group is saying yes. But what, Frank? When I was reading it out loud doing our test, Frank said it’s CBS, so just ignore it.

0:14:49 – Daniel Creech

That’s the source of CBS. Watch it, come out and be true CBS is horrible.

0:14:51 – Frank Curzio

Cbs is so shitty it really is. It’s just, it’s terrible, it really is. There’s some organizations that are really terrible when it comes to their news flow, anyway. But you’re looking at the banks and why I say they’re strongest in the world. Net interest income is still on fire, rates remain high. Deregulation is coming. You’re in a market where you’re seeing solid economic growth. We’re going to see very, very strong growth, economic growth. We saw a negative last quarter, but it’s going to bounce back tremendously this quarter. The stock market is at record highs. So when they’re at record highs, what do you see? Massive, massive, massive investment banking fees. It’s the perfect environment. So all these banks also have global operations. I don’t know if you saw the global markets, but they’re outperforming the S&P 500. They all are.

I mean, you want to talk about the greatest conditions ever for banks. Here it is. Yeah, we could see interest rates lower a year from now. Who knows, trump is able to fire Powell, which I don’t think is possible, but he’s leaving in May anyway and the next person that comes in is going to lower rates. So Trump’s not going to hire him.

But arguably the greatest conditions you could ever see from a bank. They’re wanting. Even Jamie Dimon said this, I think, for five straight quarters that they’re worried about the consumer right and the consumer’s still killing it. But when you’re looking at the total environment for banks especially especially the deregulation part, with the amount of money they have to keep in capital to support conditions that would never even happen since the Great Depression at the same time is insane. So they’re going to be able to release a lot of that capital and we’re not talking about lending subprime and shit like that but they’re actually going to be able to lend more capital out and make more money on those operations instead of keeping it on the balance sheet. More profits is going to mean raising dividends. Right, take that money to raise dividends.

You may see more M&A out of these banks buying smaller banks, especially in the digital space, because these guys could get left out in the digital space. But just the conditions have never been better that I’ve seen for banks, since I’ve been doing this for 30 years, than right now, and that’s evident from the massive, massive, massive, massive amount of money they generated, which is $113 billion in sales and $31 billion in profits for the quarter. That’s what the four largest banks reported for the quarter. So stop worrying about the banking industry and, oh my God, they’re dead. They see things now, before everybody else especially. They all have AI around their operations.

In terms of risk management, these guys are perfectly fine. They’re doing fine. None of them are going to fail. Even if you think one is going to fail what happened last time or something failed the government will come in and bail them out because everything’s interactive and connected now. It’s just a worry that shouldn’t concern you, that a lot of people who try to sell newsletters try to sell you that garbage, but it is pretty crazy anyway. Two, oh sorry, go ahead, no go ahead.

0:17:26 – Daniel Creech

That was it for banks. Well, a couple quick things on JP Morgan, best bankster, ghetto boys. We were jamming out to ghetto boys Dang, it feels good to be a gangster before this. To your point, frank, on deregulation, during the conference call, jamie Dimon was talking about not only the supplemental leverage ratio which we’ve talked about, where it’s going to lower the amount of capital banks have to put aside to buy, quote unquote, say, stuff like US treasuries, but and I’m not going to go into these, but just listen to this and just understand the road ahead for big banks and how Frank’s talking about this great environment. So on page seven of the conference call, for all you following along, he talks about the SLR, supplementallemental Leverage Ratio, the GSIFI, the CCAR, basal 3, and FSRT. All you need to know is there is plenty of deregulation amongst all those and you have the administration to do it.

That’s key point number one. Number two, on the consumer. Frank, you’re right, you have to constantly be worried about the consumer, the executive VP and CFO, mr Jeremy Barnum, who is on the call with Jamie Dimon and I’m taking this out of here, but it was an analyst question on hey, what about three or six months? Because everybody’s waiting for the world to end and if the world doesn’t end this quarter, then by goodness it’s got to happen next, it has to happen next year. And Jeremy Barnum said listen, you know, consumers are important to us. He said it obviously matters a lot to us from a company talking about the consumer. He says listen to this, frank, but we continue to struggle to see signs of weakness, which is not kissing his butt because he’s here on the podcast. But that’s why Frank Curzio says we’ve learned our lesson. Quit betting against the consumer.

0:19:00 – Frank Curzio

Don’t ever bet against the consumer we are going to spend. You lose every time.

0:19:03 – Daniel Creech

Throw out all rationale when it comes to spending. Anyway, let’s move on from the banks. But that was a great call, great.

0:19:10 – Frank Curzio

Just yeah, you summed it up well and I’m glad you brought it up. Down, slow down, slow down. For 30 years. It never happens. It never happens. It never happens Even now. I just surprised.

I went to Saratoga jammed last week. I go on vacation every year with three of my closest friends and just everything’s packed. I mean this hotel’s $800 a night there. Right, we got Airbnb. They’re raising fees 20%. Everybody’s paying for them. It’s just. Beers are $17. Everyone has a beer. It’s just, it’s you know.

Just the planes, oh my God. Just the airports. I mean flew through, flew through Atlanta jammed. Flew through Philadelphia packed. On the way back, it’s just, you know, it’s.

People are spending. I mean, look at crude, they’re just spending. They continue to spend. Lose when you bet against a consumer. Trust me, trust me More times than not. And also I want to throw in there.

We finished the banks, but Goldman. Goldman reported in Morgan Stanley Great estimates, but Goldman really blew out the numbers. It’s the fourth quarter in a row where they absolutely destroyed earnings. Revenue came in at $14.5 billion. That was a 14% sales up, 14% year over year, much higher than the. The 13.5 expected earnings came in almost at 11 dollars. They were expecting 9.65. Uh, they said ai is on fire. Investment banking is going to drive growth and and you know, when you look at investment banking, they there was questions on the call. They talked about m&a activity and that’s part of their global banking and and markets segment, which is their largest revenue driver and that was up 24% year over year to 10 billion and the M&A within that. Goldman said that they have a quoting a robust backlog of transactions, particularly in North America.

Why do you think that? Why do you think that? Right, if you’re looking at M&A, why is M&A on fire right now? It’s because of the new administration. The last administration was an absolute joke, right, if there’s a car company buying a streaming company, they’d be like you can’t do it, it limits competition. They just they’re like hey, we’re going to do a deal. They said, no, we’re only going to do a deal for, like you know, 1% of our market. Nope, can’t do it. Microsoft bought it, you know, buying Activision. Every single thing was known.

Now you’re seeing M&A absolutely on fire. You’re seeing a little bit of the SPAC market come back. You know, you’re seeing this and Goldman Sachs is number one by far when it comes to M&A and consulting in that. And if you’re looking at Trump and you’re saying, well, you know you don’t like Trump or the politics behind it or whatever, I don’t really care. You know that shouldn’t be a concern for you. Your concern right now is how do you create generational wealth?

And to show you what Trump is doing right now, you saw Pennsylvania at this summit for Pennsylvania Energy Summit, pennsylvania it was $70 billion in investments that were going to flow into Pennsylvania and now it’s over $90 billion, right? So? And this is just one state. So if you’re looking at 90 billion, well, daniel, that might not be a lot of money to you, but if you’re looking at the GDP for Pennsylvania, it’s about 12% of the GDP that’s coming into one of them. And now what does that mean? Well, they’re redeveloping a steel mill. I won’t pronounce it, actually I will Aliquippa. I think I might have got that one right Aliquippa Steel Mill, which is huge. It’s data center complex, led by who Blackstone. The project’s going to create 6,000 construction jobs annually, 3,000 permanent roles by 2030. Property taxes alone for the project are going to generate $50 million. Who’s the benefit? Well, palantir, he’s benefit. Well, palantir is involved in the IT side.

Executives from Meta, google, microsoft, exxon all speaking at this conference Dominion Energy, nextera Energy, other utilities that have benefit, coreweave, supermicro I mean, when you’re in that circle $92 billion you’re getting part of these contracts. That’s why you want to be in the circle. I don’t care if it’s Biden who’s the president, you want to be in that circle. The company companies in this circle look at Citigroup’s the reason why that stock’s going up more than the rest of the banks. So if you’re in that circle, you’re going to get business. And this is just one state. What do you think every other state wants to do outside of California, new York, which are communist? But what do you think those states are going to do? They want to follow Pennsylvania and say okay, here’s what we’re going to do. Let’s open this up to new projects, let’s open this up to more manufacturing jobs. And they’re all getting a piece of this. The biggest companies, the biggest spenders in the world Meta, google, microsoft, exxon. They’re speaking and saying hey, we’re here for you. What do you need? Let’s do business together.

0:23:34 – Daniel Creech

This is the economy that we’re going to expect in the next three years and I got to tell you, just following the ringleader and the ring of politics, I listened to that well, when they introduced Trump. But to your point, Blackstone, blackrock, google, palantir, eqt, which is a portfolio holding in CRA, big natural gas player yeah, just look at who is attending there and then start that as an easy shopping list.

0:24:00 – Frank Curzio

You’ve hit that nail on the head, frank. Well, it’s always a boring topic when we get to economics, but it’s important, it’s relevant when wholesale inflation, which is the PPI. You guys know CPI and the PPI are the two biggest gauges when it looks for inflation. Ppi is on the producer level, a company level, and then you have the CPI, which is a consumer level, and the CPI came in a tiny bit lower than expected. Ppi was in line.

My question to you, daniel, is what happened to the massive, massive, massive inflation that we’re supposed to see from tariffs since April? Like how come that hasn’t materialized yet? I mean, with three months in, we still haven’t seen it. But I know we did see. We saw the first surplus in June in nine years due to tariffs and to put that in perspective, we took in $27 billion in tariff revenue in June. That’s more than four times the tariff revenue we generated in all of 2024.

But my question to you is where is this inflation that Powell is expecting? Because now you’re three months in, one month we’re not going to see it. We’re going to see it next month. Three months in, we’re still not seeing that, and that’s the reason why this guy doesn’t want to lower rates and yet we’re still not seeing it. When are we going to see this inflation? I mean, we’re going to wait like nine months. We’re going to wait until next May, but we haven’t seen it. We had time to see it for the tariffs. That was the biggest thing of how much inflation we’re going to see and it’s crazy. And now we’re seeing huge benefits of the revenue coming in. We’re not really seeing inflation on a PPI or CPI level. That was expected, that every, almost every single economist was predicting.

0:25:27 – Daniel Creech

Well, this is like the bond market or the commercial real estate crash. It’s coming, frank, so don’t be complacent. Everything is going to be coming in a few months. Now there is some valid, uh, there is some belief there because some tariffs have been delayed and all that kind of stuff. Now the point here and I think the real value here and we’re having fun is just do not assume, because nobody knows, economists are mostly silly, in my opinion, because if you really think that if you hike tariffs 10%, if you think that the back end of that product is just going to jump 10%, I’m sorry, that’s not the way the oil spill flows down river.

And so you, there is. You know, jerome Powell has a little bit of sense to say, hey, we can wait and see, but he’s painted himself into a corner. We’ve talked about that CPI and PPI continues to be clear as mud. But the CPI is not a huge leading indicator for the overall business cycle, so don’t get too caught up in that. Yesterday and, frank, I don’t know if I misunderstood you, but yesterday CPI ticked up a little bit correct, and PPI showed it, because the news was quick to say yesterday oh well, tariffs are showing themselves a little bit. It ticked higher over the past few months.

0:26:31 – Frank Curzio

It came in lower than expected. Yesterday CPI yeah.

0:26:35 – Daniel Creech

Okay, I got that wrong and the core was even.

0:26:37 – Frank Curzio

The core was even. They were worried about the core actually picking up and saying if the core shows a three number, a three hand was 2.9. So as it went up, it was lower than expectations.

0:26:48 – Daniel Creech

And then today the PPI was flat and so that kind of helped the news, the media flow and stuff. If you will Listen, this is going to be clear as mud, in my opinion, going forward there is going to be. I don’t think it’s wrong to expect some prices increase over this, because now we hear deals and you know, frank, when you go from essentially zero to 5% tariffs to 10 to 30%, there may be some upticks down the road. But again, trying to understand and manage what the economy is going to do, based on certain policies because, remember, the economy is just in our world, frank, hundreds of millions of people making the most individual, best decisions for themselves If you think you can do that, I think you ought to go to Vegas, because you’ll have better luck and a lot more time, frank.

0:27:35 – Frank Curzio

Yeah, and I was just like no, just like everybody has been predicting, like you said, right, it’s going to happen, it’s going to happen. Let me just go. If I predicted the market crash from 2023 and the market’s up 50% since then Early and the market crashes like 20% this year, can I take credit for it? I mean, everybody does take credit for it. I call the crash, I call the crash, I call the crash. Right, these guys have been calling crash every single year and then when it happens every four or five years, can I take credit for that? Am I right or am I wrong? Does anybody really care? Because I’m going to go on. I’m telling you it’s going to say, seriously, the market what? 2023 went up 23%, I think. It went up 24% the next year. Now we’re up what? 5%, 6% in the S&P and people have been calling it for how long? Right, for how long? So it’s just amazing that that happens.

But other notes I wanted to get to Daniel a couple things. Here is Palantir so Palantir’s a new high 150. And Mizuno I won’t mention his name. At the analyst there he upgraded Palantir to neutral from sell and I said, hmm, let me see about that. I want to take a look at this guy’s track record. And so this guy had a sell rating in Palantir forever. He had a target and this was in December of 37. It’s $150 right now and since then and we all get it wrong sometimes and I’m fine I’m fine with that I’m not picking on him cause he’s wrong. I’m picking on him because since then right, since then 37, every single time Palantir came out with that call, they blew out the earnings. Since then, right, it just keeps blowing out the earnings. So he’s raised his target and kept the sell rating on it and raised his target from 37 to 44 to 77 to 94.

While keeping his sell rating on the stock the whole entire time and then also to 116 and kept his sell rating, and today he’s upgrading it to neutral and put a 135 target on it and it’s 150. It should still be a sell, but I mean.

0:29:33 – Daniel Creech

You have to dumb that down. To me, is it just numbers, because you have to have certain percentages. Is that why? Why would you raise the price target and keep a sell on?

0:29:40 – Frank Curzio

1. I’d be honest with you if he was working for me, the guy would have been fired six months ago. That’s just me. I mean. Look, you can get it wrong and that’s fine.

0:29:46 – Daniel Creech

We know what I mean, yeah.

0:29:52 – Frank Curzio

Listen, 2022, right after 2022, we things are much better than we are. That’s fine, but the whole entire time as this company has blown out those estimates and just to note was so bad. Just this note that he upgraded. He’s like, wow, they’re really blowing out the estimates now and we can’t believe the growth or whatever it was. But just when you continue to raise that target price and keep your sell rating on it, what’s the benefit to your clients? What’s the benefit to keep telling them to sell? But you’re raising and raising, and raising. It’s not just in our industry, it’s in a lot of industries and especially in politics. And I’m going to ask you this question. I want you to be real with me. Why are people afraid to admit when they’re wrong?

0:30:35 – Daniel Creech

Because it sucks who likes to say you’re wrong or I’m sorry.

0:30:38 – Frank Curzio

Humble.

0:30:39 – Daniel Creech

Including this guy. I’m the worst of the worst. That is the worst. That’s the hardest stuff to say.

0:30:43 – Frank Curzio

Is it hard though.

I mean if you’re really great at what you do. I mean, being humble is one of the most powerful qualities, where you want to be confident and you want to be humble, right? It’s very powerful because it allows you to back and realize, hey, you know what. I don’t know everything, and that’s what I loved in my career, where there’s certain times where I became like an egomaniac. I’m the best at what I do, I’m great. And then you get punched in the face and it’s good to get punched in the face sometimes and you’re like, holy shit, what did I get wrong? And that’s how you learn, think of.

And he came out and said you know, trump might be one of the best presidents we’ve ever seen, and he’s someone that hated Trump. And Joe Kernan still went at him. You know Joe Kernan is Republican and he went at him still. And he’s like look, you know, when you’re wrong, you have to admit that you’re wrong. This is the founder of one of the greatest companies, american companies in the world, right? Just saying, hey, it’s okay to change your mind, guys, especially when it comes to investing You’re going to be wrong. I don’t care who you are, if you’re Buffett, if you’re Ackman I mean, you remember Ackman with Target, with the buttons, holy cow. I’m saying that because I really think he’s one of the greatest investors. I think Ackman is brilliant. When was the general growth properties? He’s he’s brilliant, uh, it’s.

But I don’t know why people are so afraid. And I get in politics cause you’re going to get, you know, beat up a lot, but think about your constituents, cause when you say, hey, you know what I got that wrong and I could trust for a very, very long time and someone that I believe in, and saying, hey, you know, and we’ve always been like that here and say, you know, we bring up our winners and we had lots of winners in the past year, lots of winners. I’m glad everyone’s doing greater portfolios, but there’s been losers in the past. But for me, we’ve focused on losers because that’s what you learn the most. I just don’t understand that. I guess the message is even to young people out there you should have an ego when you’re young. It’s great to have an ego, but you’re going to get punched in the face sometimes. Learn from those mistakes and keep pushing forward.

I just don’t understand that in most of these industries, I don’t know why Peter Schiff might say, hey, you know what I got Bitcoin wrong, instead of you keep going and going and going and going and going. It’s someone who I don’t trust, someone you lose credibility over after a while because they’re telling you that Bitcoin’s going to zero from basically 10,000, 15,000 to 120,000. You know you just eventually you got to say, hey, you know what I was wrong on this. I didn’t get it, and you’ve seen that a lot of people, especially in hedge fund industry on Bitcoin hey, you know what I? I get it, that’s okay, that’s okay. You didn’t get it right away.

Larry Fink of BlackRock was orange-pilled, as they say. Yeah, orange-pilled, exactly. So I just don’t get it. But with this guy not that I’m picking on him so much, but you’re neutral to sell, fine, okay. But for you to have a sell rating on and just constantly from 37 to 44 to 77 to 94 to 116, raising your target price over the last six to nine months, and then while keeping your sell rating, I just don’t know how you’re benefiting your client. And even now you haven’t even switched. You just said, hey, it’s really good, but your target still, even a neutral rating is, you know, 10% lower than one of stocks trading today. I just don’t get it and, and you know, again it’s, it’s just a bad lesson and I don’t know. Anyway, I uh.

0:33:54 – Daniel Creech

I did see that note earlier and I just read the headline. I didn’t spend much time on it, but I’m thinking did I read that right, did he? Just so? It’s funny because you bring that up.

0:34:04 – Frank Curzio

Yeah, it’s just, I don’t know.

0:34:05 – Daniel Creech

Hey, that’s when it’s good to be a simple redneck at heart and we fell in love in Palantir and we’re just like, hey, we’ve learned from the past. Just buy this damn thing. Yeah, the only reason why we got.

0:34:14 – Frank Curzio

Palantir right. Why we got Circle right and why we got CoreWeave right is because the mistakes I’ve made in the past when I was like how can we buy Microsoft at 40 times earnings? How can you touch Netflix at 100 times earnings? Because their total addressable market was massive. It was much bigger than everyone was predicting. We said the same thing for Palantir. They’re saying it’s an expensive stock, but when your total addressable market is a trillion, you’re not really that expensive, right? And I think people need to understand and look at that instead of traditional PE ratios and saying, wow, this is expensive based on the PE. Because if you really think you’ll never buy a stock say the average PE, what it’s like? 21 now on a forward basis for the S&P 500. If you would really say I would never buy a PE or a stock with a PE that’s 25 or more, you would have never had any of the Nasdaq. The tops of the companies in the Nasdaq, they’re all trading at premiums and they deserve to be trading at premiums because they’re premium brands and premium companies are growing tremendously. So you know you have to figure out okay, why am I getting this wrong? What isn’t working? And you know that’s why we got a lot of these right. When you got Circle, they had dominance dominance. That’s why we got a lot of these right.

When you got Circle, they had dominance dominance. You have Tether, but Tether’s kind of like you know international and you know it’s not a stock and you’re not getting equity in it. When you got Circle, it’s massive. Everybody wants to have this right. Everybody wants to have stable coins. All the banks are turning into Circle right. It’s just like Netflix. All the cable companies are streaming right.

When you see companies like this, when you see CoreWeave having access to the greatest chips out there and everybody’s signing massive contracts and the deals that they’re signing, you’ve got to look at that total addressable market sometimes and say, wow, these things are not expensive, even though they look expensive on any metric, they have massive growth coming and as long as they continue to have that growth and show that growth quarter to quarter, you’re going to get an update. These companies are going to go higher and higher and higher, and that’s what’s happened. Now let’s move on to what you’re talking about a little bit. So far is Bitcoin, bitcoin 120,000, and yesterday a little bit of a setback for the vote 13 Republicans voted with the Democrats to block the new crypto bill, and now we’re hearing that a lot of those people are going to change their mind today and that bill is going to get passed. What do you think?

0:36:24 – Daniel Creech

Well, oh it’ll, something will get passed, and this is. This is fuzzy. Another thing that’s clear as mud. Uh, in my opinion. I was reading a little bit about this on X and I couldn’t. From what I was quickly reading through, it sounded like they didn’t pass the and I always screw this word up Frank. Procedural. Procedural vote Anyway it sounds like, there’s like several votes.

There’s one that goes for the full house, yeah, but it sounded like hey, there’s some disagreement on should we push one bill with kind of one, two or three different bills in bill with kind of one, two or three different bills in because they’re talking about the Genius Act, the Clarity Act. And then the big hang up from what I could read on some of the Republicans voting no was because the language wasn’t strong enough against an anti central bank digital currency. You know, I would kind of tip my hat to that, because these no votes on what’s going on right now are in. I’m using this word because of my lack of vocabulary grandstanding. It’s not that these are not going to get passed, it’s simply they’re trying to make waves and say, hey, I want to make sure that this gets called out, this gets noticed. And you know, here’s what I’m for or against, because this is.

I mean, when the President of the United States, frank, says this is crypto week, you got to expect something to happen. Maybe I don’t know if it’ll go as one bill or a couple, but the point is, is that when the market sold off a little bit, if you’re looking at any stocks crypto related stocks we’ll talk about that in a minute or any currencies, on this kind of stuff. Listen, I don’t know. I do not have a crystal ball. I do, but it’s fuzzy, doesn’t work all the time. The point is is that these kinds of pullbacks is when you want to actually add to it, because if you honestly think that there’s not going to be any legislation passed in the crypto world because of a few hardliner Republicans, then just look back and see what happened with their big beautiful bill.

0:38:15 – Frank Curzio

So it’s, it’s pretty simple. Okay, everything that Trump wants to do, he’s going to be able to do. It’s that simple, and I’ll tell you why. Okay, so these 13 Republicans do you know, daniel, what the record is? Uh, the Republicans record for every person that was endorsed by Trump that runs in Congress. Do you know what their record is after Trump endorsed them? Pretty good, 95%, 95%. So if Trump endorses you, you win, right, you win. So if you’re a Republican, you either support him or you lose your job when reelection comes. So those 13 Republicans, they said well, you know, I’m not too sure whatever. He brought them in a room immediately and said hey, look, you’re going to vote, yes, and they were like, okay, and maybe there was something giving under the table because they’re all politicians or whatever. But they’re going to quickly change their mind if they want to keep their job, and that’s all politicians want to do. So you can hate politics as much as you want, they’re going to say anything and do anything on both sides to keep their job, and that’s how they keep their job. All right, you have the Senate, you have the House Republican. Almost everything with his agenda is going to get passed, at least right now to the midterms.

So now what happens is you had a little bit of setback. You saw some of the stocks and Coinbase and Robinhood pull back a little bit. Now, you know, today they’re going back up again and you know, more importantly, that’s just, you know, just happened yesterday, today. But if you’re looking at Bitcoin, bitcoin this is last week, in a week, right, we’re going, you know, below 100 000 to 120 000, like that.

So, uh, something that we said was going to happen because the economics, because the massive institution adoption, that’s coming in, right, simple economics, right, there’s only a limited amount and you have massive, massive, massive demand that keeps coming and coming and coming. And now we’re starting to see even the bigger names within crypto take off, like Ethereum’s over 3,000. Solana Chainlink is on fire. A lot of these names are in our crypto portfolio. Plus, we’re seeing many of the Bitcoin miners that are changing their strategy to crypto treasuries, not just for when it comes to Bitcoin, just like they did, you know, microstrategy and following Michael Saylor, but now they’re doing Ethereum, which is Tom Lee’s company. Oh, talk about that.

0:40:24 – Daniel Creech

Yes, did you see that.

0:40:25 – Frank Curzio

Yeah, so the news on that. So that’s.

0:40:26 – Daniel Creech

BitMind.

0:40:26 – Frank Curzio

Immersion Technologies. The chart. No, I’ll bring it up now.

0:40:30 – Daniel Creech

So BM M, as in mother BMNR, and I didn’t want to take your thunder about the headline today, I just wanted to. We had talked about this. I had no idea where the stock rallied and I had no idea how far the stock had fallen.

0:40:44 – Frank Curzio

So I was curious oh yeah, it fell. Yeah, it fell a ton. Yeah, did you?

0:40:48 – Daniel Creech

know it went to 160?

0:40:50 – Frank Curzio

I knew it went to 120. I think I saw 120 last time. I didn’t know it went to 160.

0:40:54 – Daniel Creech

The chart I’m looking at is at 160, and then it goes down to 40.

0:40:57 – Frank Curzio

And it goes down, yes, and now it’s up 22% today, or 20% today, because Because Peter Thiel took a position in it. How about that? So you’re looking at Peter Thiel taking a position in it. I have the chart up right now. I mean, this thing just came out and was $4, and now it’s $47. It was $4 two weeks ago and it’s $47 and it went to 135 100. You said hundreds, discharge shown 160 160. It says it went to 160. So this is the closing range of 135. So 160 160. Oh my god, this is fantastic.

I love the with 2.4 billion right where they have revenue of 5 million awesome 2.4 billion. You could do the, the sales on that right now. They, they should, even. Right now, they should just raise as much money as they possibly can, because that’s what they’re doing. They’re raising money and they’re pouring it into and this one’s going to be into ethereum, which, again, ethereum has an unlimited supply. It’s not like bitcoin. Eventually this gets a little crazy, but right now it’s hot and that’s fine. And now you have peter teal getting involved in it, and when I look at peter teal, I’m like, well, maybe this isn’t so crazy. Why? Because peter teal is a stud. Don’t get cute with that. We won’t get cute with that. I’m just saying he is a stud when it comes to investing.

Okay, he’s a co-founder of paypal and palantir, early investor in facebook, the earliest investor in facebook. Early investor in open ai. Investor in polymarket, which just got all the BS lawsuits dismissed. Investor in Tagomi, which was bought by Coinbase. Early investor in Stripe. I mean, this guy is unbelievable and I have to say, if I have to look at his wealth over the next three to four years, I think that his total wealth is going to double because he made one big decision which I think was very, very popular. It was very unpopular, but now it’s extremely popular. Is he’s a big supporter of Donald Trump when everybody hated Donald Trump and everyone ran from him?

0:42:47 – Daniel Creech

He was the first go around.

0:42:48 – Frank Curzio

He was, yeah, the first go around. So the fact that he did, he supported, he gave a lot of money to JD Vance early on. And now, when you’re in that circle I just explained look at Pennsylvania, look at the Middle East when you’re in that circle of politics and you support someone that long, so you got, look, you brought up Larry Fink. Larry Fink switched because he had to switch Right. He loved the Biden administration. He said DEI.

You see a video from 2022. Put it in Larry Fink, dei. It’s a video saying DEI is the future. Everything has to be equal, we have to hire more minority All this stuff with DEI. And now Trump’s elected, he’s phasing out of all of it and he was like this has to be, this is our long-term strategy forever. A couple years later, gone right, okay, he’s playing politics. I’m not getting pissed If you’re looking at Peter Thiel. Peter Thiel supported Trump and nobody liked Trump right. And now it just. It gives you such an advantage in a market where you’re going to see incredible M&A opportunities. The market’s going to be on fire. You’re going to have deregulation. This guy’s going to have access beyond access, beyond access now to all the great name companies, and he’s going to have President Trump on speed dial. So you know, just him. Investing in this company makes me think a lot different than it. I don’t know if I’ll say the same for BitDigital, sharplink Gaming, bitmind. These are some of the others.

0:44:00 – Daniel Creech

If you would pull that one up BTBT, bitdigital, because I’ve talked about this one. This one is also a Ethereum treasury company. They came out it was popping a little bit today because they announced that one of their companies is going to file for an IPO Fibers proposal initial 15%.

So it’s a good pop to. This is also a Ethereum treasury play. I’m not saying we’re endorsing, I’m just we were talking in the past podcast about hey, you know, these are very tradable. I mean these are going to be volatile, but we know a lot of our audience wants different ideas in this and that one is, like I said, an Ethereum play, but it’s rallying hard and what I think is good to see is the. You know you got your Bitcoin and then the other cryptos. They are participating in this rally. I think that’s because the legislation that’s being tossed around right now. I could be wrong about that, but if you see the other cryptos outside of Bitcoin Ethereum, solana, as Frank mentioned, the big dogs moving then just keep your wits about you. But you talk about opportunity. It almost sounds like Goldman Sachs. I mean, if that market’s moving and the stocks are moving like that, then again I’m saying a tradable opportunity there, and that’s what we want to do is give you guys ideas, and that was popping because of that news behind it.

0:45:12 – Frank Curzio

Yeah, bitdigital has underperformed significantly. It’s only up 90% in the past three weeks with these names. But you’re right and wrong. It’s underperforming.

And look if I can explain this to you, and this is things that I’ve learned in order for this to work, in order for this to work, in order for SPACs to work, you always have to have the retail investor out there. You have to have the retail investor to sell a lot of this stuff too, and they got to get excited. Right, that creates liquidity. This is all driven by liquidity. Otherwise, these things don’t happen. So when you have massive liquidity like the volume on this is 50 million shares, right, 50 million shares right. That’s what the biggest investors want to see. You’re looking at 22 million shares trading of a $50 stock right now with BitMind Emergence right, which is Tom Lee’s. So now you have to get the financers involved. If you want them involved, the first thing they say is how we get liquidity on this thing? You can get liquidity. You need liquidity. Then they say, okay, how can we do this? Well, we’re going to do we could do reverse mergers. So they find companies that are just dormant, that have already went through the regulation process, that are already. What does that mean? When you’re going to do a reverse merger, you get to determine the structure, and that structure, believe me, if that was out front, you’d be like get the F out of here, because what you’re going to see is massive amount of warrants are going to get executed at like 30 cents, 40 cents, 50 cents, for you know, bitmind immersion that went to 160. Imagine that, right, you wonder why the stock went from 160 to 50 immediately. I mean, look at that chart again. Right, and these guys could execute that and exercise these warrants immediately with no time, right? So you have all this stuff going on under the hood. You know, I’ve got a great education as, especially in the past five years, just the pipe investors and people involved. So you have to get those people, to get them attracted.

And what do they say? Okay, we need a big name. We need a big name that the retail investor knows that has a lot of clout. Okay, tom Lee, justin Sun, right, I mean, who’s the other guy within the Bitcoin guy who I forgot his name? Who’s on one of these? A young kid, another one, who’s on one of these? But you’re seeing James Altucher. You’re going to see big names that have influence. Okay, we got the big name, now we can structure the company. The big name is going to provide the retail investors, which we’re going to see, liquidity, and now we have the liquidity.

What happens after that? They don’t care. They’re not in these things for the longterm. I mean, I just think he’s got his name on a project and that’s great, good for him. But it could result in your credibility really getting nailed when the people making the most money are the people that are in this thing. At $1, $2, $3. You might have bought this at $20, and you got out at $50, $60, $70. Good for you. Just be careful. Just like what we said with SPACs. We’re able to see that we said SPACs a lot of them are bullshit. 95% of them are down, more than 90% from the 2020, 2021, 2022 when they came out. And then you saw a lot of BS, a lot of these companies, all the insiders I mean Chamath, right out there.

0:48:07 – Daniel Creech

I always talk about him. I love that. Because it’s the example that everybody knows and I love him.

0:48:11 – Frank Curzio

I think he’s brilliant, but what they did to the individual investor and the retail investors is sad. They just basically hyped up a story and said, okay, we’re out of here. Made $300 million each Herman Branson. You could see that across the board with a lot of these. Hey, that’s coming back.

0:48:24 – Daniel Creech

That’s all the way up to $3.18. Now $3.18 for those of you following along, $3.18.

0:48:30 – Frank Curzio

Where did they get out? What was it?

0:48:34 – Daniel Creech

Let’s see the high was after the reverse splits and stuff. Ah, let’s just. Well, this is looking funny, what’s?

0:48:41 – Frank Curzio

the symbol. What’s the symbol of the stock?

0:48:43 – Daniel Creech

S? Uh, S-H-I. No, I’m kidding S-P-C-E. That’s genuine See, I got him, I got Frank there.

0:48:51 – Frank Curzio

That’s a genuine Ah S-H-I. That was very, very good, Good.

0:48:54 – Daniel Creech

Yeah, it’s a very galactic just seeing this thing, but hit the I don’t know what website you’re on, but hit like a monthly target and then it goes back to the highs and it should be huge because of the reverse splits it had to do.

0:49:05 – Frank Curzio

Yeah, so this is you know, if you go to one year, it’s down. It was $8 a year ago and it’s $3.20. It was $5.50 six months ago. Uh, not six months ago yeah, six months, six months ago, yeah, it was over five, so it’s 525, gosh anyway, and that’s 321. And then, when you go back to when the hype was right, here is oh my god was covid.

0:49:30 – Daniel Creech

That’s what I’m saying.

0:49:31 – Frank Curzio

I don’t know if I believe 2021 and yeah, so yeah, I mean it’s just, it’s unbelievable what these guys have done and where they’ve gotten out. I think they got out I don’t know why it’s showing this on this chart but it was like $35 or something like $33 on average when they got out. It was a good return.

But, they sold the story like everyone’s going to space and this is a value play. He actually said this is a value play, this is a great play, and now it’s like you’re looking at a company that basically I don’t know, but this is going to happen within this industry. A lot of this stuff is going to blow up. You can’t just follow someone’s strategy. I think for Bitcoin, you have a limited supply, so that’s an asset that can go up for a lot, lot longer before it gets expensive, and I don’t know what that level is. It could be $200,000 or $300,000 before people say it’s really expensive and it goes down. But when you’re going with Ethereum, you’re going with Solana, you’re going with some of these other currencies like Tau and stuff like that. Creating these strategies, be careful. It’s a different ball game. It’s a totally different ball game, okay, and especially with Ethereum, if you know crypto and smart contracts and now you could have smart contracts with a lot of different cryptocurrencies, including Bitcoin, now right, so it’s crazy. I get what they’re doing. They’re constantly going to buy, it’s going to push it up, but just know the volatility now is pretty crazy.

But Peter Thiel definitely puts a stamp of approval on that. That’s huge that he bought that. That puts that on more of a level playing field. Maybe that’s a big winner, because, look, there was SPACs. Draftkings was a winner. There’s a couple SPACs are winners 95% were not, but some of them are. This might be the one winner out, especially with Peter Thiel’s name on it, which is kind of interesting. I was just surprised to see that, and it just came out before we came on today, so it was pretty cool. Yes, sir, so we covered a lot today, daniel, jeez, we did.

We’ll cover more tomorrow for all pick tomorrow, which I’m excited to write up, which is going to be really cool, and I’m going to break down some more stocks and got a lot of earning season love earning season. Right. The bank started the earning season. Now you’re going to see earning season come out, high expectations for earning season. We’re expecting earnings to go up tremendously year over year, especially this quarter. So you know, let’s see how they do in these companies. I want to see how AI is impacting a lot of these companies.

But we’re going to be covering lots and lots of earnings and that’s where we come up with the best ideas to see if companies are executing. If they’re not, if they have setbacks is it temporary? Does it give you a buying opportunity to buy it? When you see something like Bank of America, bank of America, all of the banks, every other bank reported blood earnings, bank of America was like, ah, we weren’t that good. Is that a buying opportunity? That’s what we’re going to be looking into right now with banks. We’re going to be looking like that into lots of different industries, lots of different stocks.

So the next couple of weeks, guys, probably the next six weeks, it’s really exciting with Wall Street Unplugged. We cover lots of earnings, lots of names. You’re going to have different opinions that you’re not really going to hear someplace else, but it’s a lot of fun. It’s what Daniel and I love to do and I’m looking forward to it. So earnings season is here. Let’s have some fun. We’re going to have lots of trading opportunities, especially if you’re part of a Wall Street unplugged premium brand. So any final thoughts? Daniel, every time I ask you that you go no.

0:52:24 – Daniel Creech

Nope, have a good day.

0:52:25 – Frank Curzio

Alright, that’s it. Oh happy. This is uh too late.

0:52:28 – Daniel Creech

Alright.

0:52:34 – Frank Curzio

No, go ahead. Happy Open Week, enjoy the Open. Oh, yes, the fun. All right guys, that’s it for us. Questions, comments feel free to email your friend CurzioResearch.com. Daniel.

0:52:43 – Daniel Creech

Daniel@CurzioResearchcom.

0:52:44 – Frank Curzio

Okay, guys, we’ll see you tomorrow on Wall Street. Unplugged Premium.

0:52:47 – Announcer

Wall Street Unplugged is produced by Curzio Research, one of the most respected financial media companies in the industry. The information presented on Wall Street Unplugged is the opinion of its host and guests. You should not base your investment decisions solely on this broadcast. Remember, it’s your money, and your responsibility.