Transcript was automatically generated.

0:00:16 – Frank Curzio

What’s going on out there on September 10th? I’m Frank Curzio this is the Wall Street Unplugged podcast with big night headlines and Tell you what’s really moving these markets. Daniel, how’s it going, man? How’s everything? Everything is good. Frank, hello, hello, nice. Did you enjoy football this weekend? Did you watch it all? 

0:00:35 – Daniel Creech

No, I watched a little bit of the NFL. I am surrounded by Jaguars fans. I was glad they won. That was good. That’s good for the city around us. Yeah, and I’m excited I get to watch this week’s game because they play at the Bungles, At Bungles yeah it should be a good game. The Jags are at Cincinnati, which means I get to watch them locally, so that’ll be fun. Yeah, and the Jags. 

0:00:58 – Frank Curzio

And I’ll be quiet like I do during the Ohio State game. I see what they’re doing. Finally, this guy’s been horrible my entire lifetime. Frank, you got to see what they’re putting. Did you see what they’re doing along the water and everything the practice facilities. It’s going to be like a whole mini city. 

0:01:08 – Daniel Creech

Oh, you’re talking about Jacks the Jacks. I thought you were talking about Cincy. Yeah, Cincy, I mean you can’t do anything when you’re starting. You got to respect Cincy he’s. 

0:01:20 – Frank Curzio

Wow, I didn’t know that. Look at you, I love the stats in football. What’s going on, dave? I love it. We’re numbers, guys, you got. 

0:01:25 – Daniel Creech

Gilborough, Jamar Chase and Higgins. Yeah, and you got seven yards of offense. 

0:01:30 – Frank Curzio

Seven One, two three, four, five, six, seven, that’s against Cleveland. 

0:01:42 – Daniel Creech

Cleveland has the least amount of wins. Honestly, I pay attention to them. 

0:01:45 – Frank Curzio

Yeah, Cleveland is the worst team in the league, projected to be the worst team in the league. I think five and a half wins is the lowest. So, yeah, it’s pretty crazy. 

0:01:54 – Daniel Creech

Quickly, you have to be happy. You guys won what? Your Thursday night game. Yeah, eagles, you kicked off the the Eagles. 

0:02:00 – Frank Curzio

They should have lost. Yeah, but the Eagles look good Talk about boring All. 

0:02:03 – Daniel Creech

The scoring was in the first half First half. 

0:02:05 – Frank Curzio

Second half both defense kicked in. 

0:02:07 – Daniel Creech

I don’t know if I watched the first quarter or maybe the first two quarters, but I got to admit I didn’t text Frank because, hey, he’s my boss, I didn’t want to upset him, but I hate games like that. Because I watched. Maybe I watched the first half but every possession scored it’s like play some defense people and second half it was three points but I was glad to see the Eagles win. 

0:02:25 – Frank Curzio

Yeah, so no, Dallas should have won that game. Dallas looked really good. Actually, Dallas looked good and Philly didn’t look good, which is, you know, when you lose your best player on offense and your best player on defense because he likes to spit in people’s faces, it’s not a good thing. I mean, what’s going on? 

0:02:41 – Daniel Creech

Anyway. Yeah, we got to move on because we got to move on, because it pissed me off. 

0:02:45 – Frank Curzio

That’s a whole podcast in itself. People ought to be beat in public for crap like that. Yeah, so let’s start with some positive news, if you are a CRA member, which is Curzio Research Advisory, because we recommended Oracle what two years ago? Based on this concept, they have the best technology in space going to see massive demand AI. They’re putting up unbelievable numbers and we recommended the stock really early and now we’re up. How much are we up on the name? Because the stock’s up 42% today, holy cow. Well, we bought it yesterday we’re up 40%. 

0:03:14 – Daniel Creech

No, no it wasn’t that Up 138. Well, let it refresh, Frank, and let me find you some dates. I didn bought right away. Yeah, we’re up. Uh, yeah, call it 100, and we recommended it in December of 2023. We’re up 143 percent. However, we added to that in December of 24, so how about that? 

0:03:40 – Frank Curzio

bought it in december 23. 

0:03:41 – Daniel Creech

Added to it added to it December 24 at 178, which at the time was a lot, and then it sold off and I looked horrible. Yeah, now we look like geniuses you actually, because you put it in there years ago 140 percent in less than two years. 

0:03:56 – Frank Curzio

Attaboy and happy for all subs, yeah, and I want to talk about these Oracle numbers. And it’s up 40 percent right now. Uh, they have a it’s kind of like a backlog, but they call call it remaining performance obligations. And when you look at these numbers that came out, they were not good when they crossed the wire I’ll cover that in a second but when you looked at the guidance, it caught the whole world off guard, to the point. I don’t think I have personally ever seen anything like this other than comparable. I think Daniel personally ever seen anything like this other than comparable. I think, Daniel, you and I talked about this before we came on. Is you know when nvidia bought those numbers and I said there’s no way nvidia is going to make those numbers. Expectations are too freaking high, no way. As soon as they report those numbers 180 I did a 180. 

I was like I’ve never seen anything yeah, I was like I’ve never seen and the demand for ai really, and that’s what really sparked everything. This is another spark. This is another spark where AI is not even close to being done. But when you look at the RPOs remaining performance obligations and again there’s like a black backlog. It surged from 360%, which, putting numbers on it, it’s 150 billion. We’re not talking about surge 360% from like 10 million to like whatever 40. It’s 150 billion to 450 plus billion of booked business, and Oracle now sees 144 billion in cloud infrastructure revenue in 2030 fiscal year. That is up from just 10 billion in 2025. It’s insane. When you look at these numbers, it’s led by four multi-billion dollar contracts. It was signed by three customers. Two of those, I believe, from what I hear, are Starlink and OpenAI, and the other is either Meta XAI, could be Nvidia, AMD. I mean they have everyone on lockdown right now. It’s just increasing their spending. I’m not sure if people understand how much $450 billion in revenue is to Oracle, but this quarter that just passed, they reported $15 billion in revenue. So if you have a run rate for a year, $60 billion in revenue. They’re talking about generating $450 billion in contracts that are already booked. This is future business. To me, this was incredible. 

A lot of takeaways. I want to get your takeaway from it first, but there’s a lot of takeaways here we’re going to go over because this was a fascinating quarter and I’ve been saying this since I’ve been doing this podcast for over 15 years 16 years now that you never really want to only look at the actual results for one company, like if Boeing’s reporting amazing numbers and they’re seeing their backlog increase dramatically. There’s literally a hundred plus publicly traded companies that are going to benefit. The same with Oracle. When you see this amount of spending going into AI and it’s accelerating, guys, remember when I said it was going to slow down. It’s accelerating. There’s going to be so many winners from this trend that are still under the radar and we’ve been doing very well in our AI newsletter as well. It’s just. This trend is 100% intact. It’s unbelievable. 

0:06:50 – Daniel Creech

Dan, I want to get your thoughts on it. It is crazy. On the, is this an NVIDIA moment? Because that’s exactly what we were talking about earlier this morning and, to your point, with NVIDIA, I and again, I don’t want to be disagreeable for the sake of it’s being disagreeable, but this is crazy and a little bit of emotion. It just shows you the reality of investing. We’re up big on this. To see it do this, it’s almost like, oh my gosh, this has to be the end, when in fact, it could be just another leg higher. 

Frank. The real quote that is being all over social media is quote we signed four multi-billion dollar contracts with three different customers in Q1. That’s according to the CEO. That jumped RPO think backlog 359%. In the next few months, we expect to sign several additional multibillion-dollar customers. Obviously, Frank, their projections on what they’re going to grow at are crazy, basically doubling every two years. Now, there’s a lot of time between now and four years ago. We talk about presidential cycles and all that kind of stuff. 

However, really, I think this boils down to the next quarter, just like NVIDIA. I’m not calling these guys liars. I’m very happy for ZRA members. This is amazing, just like NVIDIA when they came out with those projections a few years ago, Frank, the next quarter. They continue to blow it out of the water and really the hard part, in my opinion, to believe in this is that you could buy. I mean, I don’t know about buying it right now today. Is that you could buy? I mean, I don’t know about buying it right now, today, but how does Oracle not come out with amazing earnings for the next several quarters? I mean, you can’t lay an egg after this statement from your CEO. 

0:08:13 – Frank Curzio

Well, they are. 

0:08:16 – Daniel Creech

That’s why it’s a 42%. But my point is that we’ll see what the stock does, because obviously we’re pricing in. You know the market is forward-looking, so you take these quotes and these projections and you add 40% of the market cap. I think I heard on CNBC Frank before we started this. Oh. 

0:08:35 – Frank Curzio

Iron man himself. Ellison, I think, is now the world’s richest man, passing Musk on this move. Yeah, and you want to? 

0:08:39 – Daniel Creech

know how rich he is. 

0:08:40 – Frank Curzio

He’s like who cares about the Powerball. You know how many shares he owns? No, 1.1 billion shares of his company, over 40% of the company. It’s very rare to see an owner own that much of the company In such a big company, because usually you’re selling here. I mean, this guy owns 40% of the company, so he was worth a cool. 

0:08:58 – Daniel Creech

So he went up $150 billion a day basically, yeah, $120 billion. 

0:09:03 – Frank Curzio

So he was worth only $280 billion yesterday, yesterday that’s what he’s only Today. He’s worth close to $400 billion. So imagine making $120 billion in a day. This isn’t a company, this isn’t an IPO that came out. This isn’t open AI. This isn’t anthropic at the value. This is a person. A hundred. That’s a pretty. You know what. You should take yourself out a little bit. I think he’s going to buy probably five or six more islands, maybe buy Hawaii itself. It’s really. You know. You’re looking at a company whose market cap was 670 billion yesterday. Today it’s closing in to be another trillion dollar company, whatever. That is maybe the fifth, sixth or whatever it is. 

So when I look at these numbers, numbers I want to try to tear them apart. I want to say, okay, what are we missing here? And I didn’t see anything that we’re missing. That doesn’t justify a 40 moving the stock based on this business. Uh, some are worried about margins for oracle and we know some of these. Uh, you know, we saw Smith Micro, we saw dell. You know margins very thin because you know to get metas, amazon, microsoft, google’s multi-billion dollars of CapEx and spending. It’s extremely competitive and a lot of it’s going to be based on pricing. But Oracle said earnings before interest and taxes it’s called EBIT, e-b-i-t will be in the mid-teens and they’re expecting 6% to 7% growth. 

So there’s a lot of analysts, a lot of people saying well, what are the margins on it? Even Kramer said that, I think, to David Faber today on CNBC when I watch it, and they were like I don’t know what the margins are. I think you know they’re pretty thin. Well, they’re not thin. They’re making a lot of money off of this, so that’s a big deal. When you’re booking revenue, you could book that. If you book, do with that, but they’re not providing. 

Really, it doesn’t seem like they won this business based on pricing. It seems like Dell wins on pricing, Smith Micro wins on pricing. It doesn’t seem that Oracle does, because they’re actually seeing an increase in their pricing right, because their earnings are going up. And that means what does that mean? It means they have the best freaking services. It means they have the best technology within AI that the biggest companies in the world need to use. That’s why they’re booking them. And it’s incredible when I look at the margins because they look great to me. 

Again, looking at the numbers 20 years covering this I don’t think anyone has seen this before. We mentioned that with NVIDIA, even the tech analysts covering Oracle. They were just like we’ve been doing this for 20 years covering technology in this stock and they were flabbergasted. They had no idea. I mean, you had some of these reports saying that we couldn’t really believe it, and Morgan Stanley, I thought, had the funniest take, because Morgan Stanley thought they were smart and I’m pretty sure they have a neutral rating on this stock. 

They might upgrade it today, i’t know, but on monday they probably got word that the quarter was going to be strong, so they raised the target from 175 to 246 I’m gonna train like 350 right now, whatever, it is 340, right, so this was yesterday, right, they did this. So you know, on Monday. They Monday did before before the quarter, right, so, yeah, so they increased it to Again that’s where the stock was trading, I think yesterday. So it had to be in neutral, right, it’s on a buy rating and again it’s like $3.20, whatever. It is $3.30 now. And, by the way, when you see one of the largest investment firms raise their target by that much, $1.75 to $2.46 is massive too. 

0:12:20 – Daniel Creech

It’s just a week or day before yeah, a day before. 

0:12:23 – Frank Curzio

You can guarantee, guarantee, never supposed to say guarantee this. You can guarantee absolutely 100. Fact they knew these numbers would be strong. They clearly didn’t know how strong they would have upgraded to a buy and increased their target price at 300. They’re probably going to increase it right now, since it’s 246 and they look like so now thinking like, hey, we got the word and we’re raising our target. 

You look like an idiot right now because now you just raised it to $2.46 two days ago. What are you going to do? Say, oh my goodness, these results are great, we got to raise it again. Are you going to continue to have a neutral rating on this? So when I look at Morgan Stanley, I feel like they lose credibility here. No-transcript results. We’ll see. If you don’t raise it a day before, unless you know those numbers, it doesn’t happen, right? Because again you’re risking your job. Because if Oracle comes out and that stock 30% today, this guy’s on the street tomorrow, that market Stanley analyst. They don’t do that, trust me, I know that world very well. They wouldn’t do that. 

But my biggest takes here is this AI is still very early innings Spending, nowhere close to slowing. We said this over and over again, right, Daniel? And so many analysts are worried of a slowdown AI, capex, all this scary shit. You’re not going to have your ROI, it’s going to slow down. And they’re still out there. They’re still out. Well, I don’t know if they’re going to be out there for this I know because it’s not just one quarter that we’re seeing. 

Right, we saw all the hyperscales report raise our numbers, raise our CapEx. Right, we saw confirmation of that and we didn’t guess on this. We just have great contacts in this industry and none of them that I talked to could confirm a slowdown. They said look, I’m not sure if they’re going to make a good and these are people who are help building these data centers, that are really deep involved in this industry and they’re not like these super bulls that are bullish, no matter what. A lot of them were concerned, saying I don’t know how they’re going to generate ROI with the CapEx that they’re spending and maybe it slows in two years. But they all confirm like we’re not seeing it on our end. 

And if you want more confirmation, another small company reported today. They’re called Taiwan Semiconductor. They didn’t report the quarter, they reported monthly sales. Okay, they make the chips for all AI companies. Basically, august revenue was up 34% year over year. Year over year Revenue for the first six months, comparable to last year, were up 37%. What’s the company I reported that you mentioned, Daniel, also to confirm this. 

0:14:49 – Daniel Creech

The worst stock related to the name Broadcom. Somehow you have AVGO. I’m not sure how that works. Frank Last Friday popped that’s a huge multi-billion dollar company and I don’t have the numbers. Excuse me, but last Friday that thing surged. Did you see that? For a big cap, I mean Oracle’s making that look silly. But anyway, friday Avago Broadcom came out with strong numbers fueled by AI, showing that this is not a Oracle statement, this is not just a hyperscaler statement, this is not just a Palantir statement. This is a wide cast casting. Do you know? 

0:15:22 – Frank Curzio

what the market cap for Broadcom is. 

0:15:24 – Daniel Creech

I do not. I know it’s up. I know it Was it up 10% or more. 

0:15:27 – Frank Curzio

It’s up 10% now, today, today, yeah, it’s up 10% because, they know they’re a leader, they know they’re going to get. So the companies that have reported good numbers are really. Even Smith Micro is actually up. 

0:15:37 – Daniel Creech

A lot of these companies are up, okay, so it gapped up from $300 to $330, $340. Okay, yeah, yeah. 

0:15:45 – Frank Curzio

I mean, this stock went from $300 to $370 basically in the past week. Right, we’re looking at September 2nd, 3rd, $300, and it’s $370. And you’re like, wow, that’s a big move. You want to talk about a big move? I didn’t know this. I thought it was a trillion-dollar company. It is a trillion dollar company. You know what it is. It’s 1.7 trillion is the market cap. Yeah, did you know that? 

0:16:06 – Daniel Creech

I thought it was like one. 

0:16:07 – Frank Curzio

I remember seeing it like on the verge of one I know what up. I said maybe it’s one, 1.2, 1. What’s the big deal? 700 billion extra market cap I didn’t know of. If you want to put that in perspective, that’s probably 700 billion, is probably bigger, bigger than the market cap of, I would say, over 490 companies in the S&P 500. Just that move higher. So it’s incredible when you see these moves happening to the biggest companies in the world and it makes you think, hey, do I really need Daniel to own risky assets and shit when I have these companies going up, the biggest companies, best companies, best balance sheets, right, tons of spending in the right trends? You know, do we really need to buy all this stuff outside of? You know, say, it’s the MAG-10 or MAG-12 or whatever you want to put in there, because these are big companies growing like 25, 30. I mean, how much do we make Over 30%? What are we up? One one, 40, 140 for two years, right, so 70% were made on this thing and you roughly whatever it is like, roughly it was over 60%. I mean, those gains are incredible. 

And this is Oracle. We’re not talking about some small cap stock. They really reported good news and, holy shit, this stock went from two to six or whatever. These are big names. If you look over the past five years, they’re all showing this massive growth. People are talking about this being a bubble. The earnings are there, the spending is there, the CapEx is there, the economy is there. Because now we’re going to talk about the jobs revisions, I admit, holy shit, we’re going to see massive cuts. Right, we’re seeing mortgage rates at 11-year lows. So you know the fuel for this. I mean, you’re just throwing gasoline on. It’s going to go faster and faster and faster and bigger and bigger over the next couple of years. But to me, that was one of the takeaways. I don’t know what else you saw in this, but what amazing numbers. It’s incredible with Oracle. 

0:17:45 – Daniel Creech

Yeah, it’s just, it’s almost hard to believe that this momentum can continue at this pace. But do not invest in the way you think it ought to be or whatever. Invest in what’s happening. And these guys are already contracted and have customers of Amazon, google, microsoft, gemini, google’s Gemini, openai. I mean, yeah, if you’re Divendrata, if you’re data-driven, you have to be persuaded or at least acknowledge that this train is not slowing down. So kudos. Speaking of data-driven. 

0:18:17 – Frank Curzio

Before the data-driven, before we get to that. The second biggest takeaway I want to teach you guys if I can, and when I teach you, it’s not because I’m a know-it-all, it’s because I made these mistakes in the past and I talked about this. When you’re looking at total addressable market, when you’re looking at Oracle and you look at those numbers that reported, it looked like the stock was going to go down at least 10% of the day because their Q1 numbers were not great. Earnings and revenue came in slightly below expectations. Q2, which is November that guidance was also really in line. This is a growth stock. Now In line is not going to be good enough. 

None of that mattered because of how big the long-term guidance was, and that’s what drives stocks. It’s not just the long-term guidance, it’s the story. That’s why Boeing is probably going to go through the roof. You’re seeing all these orders. They’re trying to increase capacity. Got a lot of the bullshit behind them, right, but it’s you’re capturing more of the total addressable market and that’s what drives stocks. And people looking at P ratios and people looking at price to sales ratios. I mean it’s why stocks like Palantir, avav, netflix have gone through the roof. They’re on our portfolios, while I would say 90% of the investment community has been telling you to avoid these names because look at the price to sales ratio, even with Tesla you’re crazy. And Tesla trades are in the same multiple. Why, I mean you could even argue EVs are on a slowdown Like there’s a. I think this this secular. You’re going to see a secular market that was secular, now it’s not even it’s not growing. I mean this could be a secular trend where it’s just going to go slower and slower and slower. I mean everyone’s canceling their EV plans. It’s hard and I just think you know 90% of the population who drives cars really don’t want to charge, and same with me, my daughter’s going to switch cars because she can’t stand charging pain in the ass. So Tesla, right, cars, evs kind of a slowing market. Why do they have the high multiple? Because of what’s coming. 

When it comes to robots, robo taxis, I mean two sectors that have total addressable markets, hundreds of billions, maybe trillions. When it comes to personalized robots, I mean, if you think 10 years from now, right, Daniel, what do you think? I mean we could see these robots in tons and tons of households. So when I’m looking at this takeaway, it in tons and tons of households. So when I’m looking at this takeaway, it’s the total addressable market, how they are the industry leader in this infrastructure, in cloud software, that they’re taking market share and that’s what’s driving one of the biggest stocks in the world 40% higher in a day, which is insane, absolutely insane. So welcome to the trillion dollar club. They’re gonna probably hit it today, if not in a week or two. 

But it’s not like this was. You know, people were shorting this stock and this is a short squeeze. You increase revenue by 357% in terms of the guidance, which is incredible. But always look at the total addressable market. If you have a shot to capture a big part of that, it doesn’t matter if your PE is 200. It doesn’t matter if your price of sales is 100. If it doesn’t matter if your PE is 200, it doesn’t matter if your price of sales is 100. If you have that growth and that growth continues and we get updates every freaking quarter, which we don’t need to do, that’s purely for fees for lawyers and we know that that’s fine. Companies don’t need to report every quarter and it’s so easy to fudge those numbers and put contracts in separate quarters and make your numbers. 

We all know that right, but when you’re seeing this massive growth continuing and getting the continued confirmation, that means that means Palantir is going to go higher, these stocks are going to go higher. You might be saying well, palantir is lower a little bit from 180 to 150, 160. Listen, palantir, when do we recommend it? In the 20s, right In the mid-20s, I think, Daniel, for Palantir. And look where it is right now. So who cares about 180 to 150? We’re in that trend and we term because they’re the best of the best when it comes to implementing that AI in big businesses. And you have, I mean, very little competition for what Palantir is doing on the AI side, like actually implementing this stuff for big companies and helping them increase productivity like crazy. And what was the oil? 

0:21:55 – Daniel Creech

company Daniel, that’s shedding Chevron. How many? What is it? Oh no, Conoco or Chevron, I don’t know which one, but they’re making a big cut 20%, 30% or something like that. 

0:22:04 – Frank Curzio

Holy shit. I mean, this is what AI does for companies, right, and that’s going to happen and it’s going to impact jobs. But that’s not the reason why we saw this, because if we switch the data here, Daniel, it’s pretty crazy. But before even we get to the data because we have a lot to say about that I think there’s a very big story. It’s going to be bigger interest rates cuts, oracle reporting. This number is great timing if it occurs to your research Just subscribers, people who listen to this podcast. 

We’re going to be holding a live event on September 25th, absolutely free. Anyone could attend. It’s going to be based on explosion AI demand and how it’s going to lead to one of the biggest energy crises our country has ever seen. I know you might have heard about some of these stories about energy, but when you see the data and what we’re going to show, it should scare the shit out of you, because when I say crisis, you know I’m not talking about the world ending, but in the US, we simply do not have enough electricity to power AI as little as three to five years from now, and that’s going to result in lots of blackouts. It’s going to result in your electricity bill surging from today’s levels. I don’t know if you guys looked at the electricity bill lately it’s through the roof. Not a good thing, but the one positive. There’s an absolute fortune to be made here, and that’s what this webinar is going to be about. It’s not just buying natural gas or rating companies, which we have in our AI portfolio. It’s companies that have power assets, which there’s a ton of small companies positioning themselves as acquisition targets, with lots of megawatts on their balance sheet. Also, looking at infrastructure companies that provide this power, which so many companies lots of them under the radar in this space that few investors know about. So, during this event, dan and I are going to be sharing data that’s going to scare the shit out of you when it comes to just the energy needs and what we need and why there’s just if you look at the data, it’s not there. We just don’t have it. I don’t know how we’re going to get it and it is scary, but the amount of money that could be made off this trend is incredible, and we’re going to give away three free names. 

The event’s going to be 100% live, including the Q&A with Dale, and I Spent a lot of time answering your questions. When we’ve done this in the past. What was the last time we did our live event? Probably seven, eight months ago, whatever. Last time we did this, people stayed in the 70%. 80% of the people stayed in the room over an hour Because we’re answering questions Q&A live. 

We have fun over an hour. You know, because we’re answering questions Q&A live, we have fun. We hang out, we drink beers and stuff and just answering the questions. Again, you ask whatever you want, whatever about the presentation live, whatever stocks in our portfolio, but when we do that segment, people stay on because it’s a lot of fun. I mean, we’re unplugged. We’re going to say the truth, it’s funny. It’s back and forth, you know. Again, it’s pretty cool. But if there’s 10% in that room we probably won’t have it that long. But we usually go longer and we’ve gone 90 minutes in that part of the segment. Again, you could sign off whenever you want. That’s fine. But you know, that’s a big draw and people love staying on because they have lots of questions and they could ask them within this feed and we get those questions, which is awesome, but which is awesome. 

But our live event’s going to take place on September 25th at 7 pm in 100% live, also 100% free. To register for your spot, go to www.curzioa.com and, just by registering, we’ll send you these three free picks and after the event, of course, and a replay of our webinar in case you can’t make the event. So even if you say, hey, Frank, I’m busy, I think this is Thursday, it is a Thursday, September 25th, and you can’t make it, at least you can get the replay. You get three free picks and everything, but definitely event. You want to listen if you’re a world, if you’re a new listener and you never attended these events, a lot of events before. It’s pretty cool. I mean, if you don’t like it, you could just, you know, sign off if you want, but they’re a lot of fun. Uh, the presentation is probably about 15 minutes. Again, that’s live and in daylight. You’re just going to take your questions and you could actually ask those questions before the event, which we usually have probably about 50 to 100 questions at least, which is awesome. So it’s really cool, looking forward to it. 

And again, it’s about how to make money on energy within the AI sector. It’s going to be small caps, going to be mid caps, a few large caps. But when you see the statistics statistics that we’re going to show you there’s statistics that a lot of people aren’t talking about. They’re saying, whoa, we need more energy. It’s a little crazy. I’m going to actually present these numbers to you of why this trend. I’ve said this for at least the last six months, nine months. I have no idea how we’re going to get the energy. What I do know is there’s tons of money to be made because energy assets are going to be worth 10x what they are right now. Just a lot of small caps that are sitting with megawatts on their balance sheets. 

Look at the Bitcoin miners, right? If you’re running your company well and not diluting the hell, which Bitcoin miners actually do, I mean the opportunity to buy a lot of these names that have that power, where they’re going to go from tier one power to tier three power. Tier one is Bitcoin mining, which is a million dollars calculated, about a million dollars per megawatt. When you’re looking at switching to tier three, which is data center, they go 10 to 15 million. They’re probably going to go even higher now, right? So a lot of them are transitioning that tier one to tier three, and there’s also other sectors that are going to benefit. One sector that I’ve hated for a long time is going to benefit tremendously, and you’re seeing it already benefit because of high electricity prices, because you’re going to find alternatives, so it’s going to be a great event. Again. If you want to register you at CurzioAI.com September 25th that’s a Thursday at 7pm. We look to see you there. Now, Daniel, we had some minor revisions to the jobs report, right? 

0:27:13 – Daniel Creech

Yeah, yeah, yeah. So let’s start with Friday jobs report. Last Friday big day last Friday, Frank Jobs came in at 22,000-ish well under the 75 expected. And then yesterday was the bigger news, because that’s what we were talking about and looking at points ahead, revisions from the prior. I don’t know why they’re languages like this, but they say, instead of saying March 2024 to 2025, they say the prior year leading up to March 2025, which is stupid. So they ought to change that. Frank minus 911,000. 911,000. That’s the biggest since like 1980, I’ve read somewhere. It’s the biggest ever since they started keeping these tracks. It’s pretty laughable and the critics will point to now. This is a softball slow pitch for Trump because everybody wanted this knee-jerk reaction that doesn’t like. The right says oh told you, the economy sucks, but remember this is for the year under Biden. 

So, Trump is, of course, taking to social media and blasting everything, and how great he is, of course, but the issue is this tips, this revision was not only one of the biggest. It’s laughable and remarkable, showing that all data should be questioned. It doesn’t matter who’s in charge. The data process in collection is absolutely horrible. That shows that. The second thing is the if the jobs market is clearly a lot weaker, we get back into this data driven Frank. Jobs market is clearly a lot weaker. We get back into this data driven Frank. The Fed meets next week. How does this not absolutely force the Fed to start cutting? 

0:28:50 – Frank Curzio

if you now have to worry about jobs. I mean the Fed has to cut more aggressively and I’ll get to that part in a minute because we say 911,000. I want to put that in perspective. That’s from April, april 24 to March 2025. And to put this in perspective, I’m going to give you a couple of stats. You got to put this in perspective because 911,000, that’s meaningless to people. That’s over 50% of the actual 1.7 million jobs that were reported. Okay, so we just lost 50% on revisions. So that number now is 852,000 instead of 1.76 million. You mentioned. The revision is the biggest in history, but it’s higher than 2009 when, the middle of credit crisis, if you exclude healthcare, we lost 142,000 jobs just over the past four months. Okay, that does a recessionary numbers and the amount of these revisions. 

I think what we have to put in perspective because when we compare, well, like we haven’t seen this credit crisis or the dot com bubble, you know those are black swan events. I mean this revision isn’t during a credit crisis September 11th, recessionary times this is during a screaming bull market, meaning that they clearly highlight that the previous administration was lying. There’s no doubt. I mean the massive revisions. This isn’t like a one-month mistake or a two-month mistake. This revisions. This isn’t like a one month mistake or a two month mistake. This is like seven, eight months, even going back to two years. I mean this was calculated, this was done on purpose. I mean I’m glad Trump fired the BLS chief and people would say, well, it’s because you had weak numbers or whatever. If you’re reporting eight months, if you can’t, you’re not doing your job. You’re not doing your fucking job. If you’re telling me 911,000 jobs revised, 50% of the jobs did not exist. Because what does that mean? Like, if you put that in perspective, people are like oh well, maybe it’s a risk-sensing. 

Think about the impact. If these numbers were reported right, we would have rates at least 1% lower than they are right now. At least if they were reported truthfully, we would have the housing market very, very strong instead of stuck in this broken mode higher rates and, yes, supply is increasing, but there’s been lower supply, so prices have stayed up. People couldn’t really buy houses. Our interest payments on our government debt would be much lower. Credit cards, auto loans would all be lower, but the hidden tax that’s been put on Americans because of these bullshit numbers. You can’t calculate it in terms of the payments that people make, because most people are in debt. In America, we live off of debt. 

So, if you look at every country, every single country and I have a picture of this that I’ll put up so this is so many different countries, okay. So right here. What do they all have in common? When you look at Switzerland, you look at Thailand, you look at Denmark, you look at the Eurozone, you look at Sweden, south Korea, canada, malaysia, china, new Zealand, czech Republic, australia, uk, norway, us, peru, hong Kong, chile, saudi Arabia, poland, philippines, indonesia, india, south Africa, mexico, colombia, russia. Those are just the biggest nations. What do they all have in common? 

They all have been lowering rates this year, and you know what we have done. We haven’t lowered rates this year. Okay, we’re one of the only countries. Because, why? Because the job market told us not to. That’s why, okay, we have inflation numbers that were lower. They crashed, our inflation crashed. It was crashing month to month until about two months ago. Right now, we’re seeing we just got the PPI numbers showing that inflation was lower. 

If we get the CPI tomorrow, which is also lower, it has to be a 50 basis cut. It has to base on these revisions. But this is what Powell has been saying all along with the job market strong. The job market has not been strong. We’ve lost 142,000 jobs, minus healthcare, the past four months. Okay, it’s not strong. You need to lower rates now. You need to lower rates aggressively. Even some of the best economists the smartest economists who are against this are saying okay, we have to lower rates. And it does open up the door to that 50 basis point cut at the next Fed meeting what happens to take place next week, which is pretty crazy. 

0:32:31 – Daniel Creech

Yes, and remember the I like your revisions so pretty crazy. Yes, and remember the I like your revisions. So the last year, when you go from 2023 to 2024, march to March the revisions came out at 800,000 plus that was then revised lower to only 500,000 and change. This 911,000 number will get revised, hopefully lower, but the point is this is still going to be such an outlier off the charts. And, Frank, to your point, I for one love being political, because political is everywhere and everything, and to ignore it is just being silly and putting the odds against you. This is clearly showing A you don’t just trust data, you should be skeptical. There’s nothing wrong with questioning and being skeptical in the process of collecting it and clear. Two, the Fed has never been independent. We’ve educated you and explained that here. Only the other goofy people lying to you tell you that story. And also they are political. Think climate change and all that crap the Fed got involved in. Frank, you say it’s 50 basis points. We shall see next week the PPI numbers. If we can, can we change the PPI numbers? Yeah, because the other thing there is. 

To your point, fed Chair Powell was saying listen, we’re not political. I don’t comment on policy. However, tariff policy is going to be terrible and therefore we’re not going to raise rates. All right, I understand that Now you don’t have inflation in the short term going higher. We’ve quoted and looked at trueflation. A lot that has been showing inflation was rising over the last few months, showing inflation was rising over the last few months. Now this looks like a pause, Frank. If you go back to June and July for the PPI trend, we had 2.4% on an annualized basis in June, 3.3% in July and now 2.6%. That is a big direction. That’s a great directional change because now you have pressure on the job market and you have not as much fear in the inflation side from tariffs, obviously, cpi tomorrow. I think this clearly shows you listen, I get it. 

Trump’s a polarizing figure. The worst thing is to give gas to this guy to build a bigger fire to celebrate. And if it weren’t for people that just hated him and didn’t want to give him credit, we’d have a lot different policy. And the crazy thing here is and I do not like this we are still in this environment and this mindset. Listen to all the Federal Reserve chair boards now that are in running for the job and listen to Fed Chair Powell himself and Frank’s right about this, and it scares the crap out of me Because of the money they made and the success they had, they being the government bailing people out in 2008,. 

We are in this notion of, hey, we’re going to get bailed out, we can essentially control this economy and that’s why you have booms and busts and you’re going to continue to have that. It makes me crazy. But again, you cannot invest in making financial decisions on the way you want or wish the world was. You got to play by the way it is. And this, my friend Frank, as nervous as it makes me in my gut, you know I love how we point to history and say, oh well, you know, we’re at all time highs since the dot-com bubbles or this valuation, or that you tell the best. When did you start hearing horror stories about the dot-com bubble? Was it 96, 97? And didn’t the NASDAQ double the year before it crashed? 

0:35:34 – Frank Curzio

From 1999 to 2000, the NASDAQ actually doubled. 

0:35:36 – Daniel Creech

So my point is not to say go all in and use leverage. My point is do not get scared by the chicken littles, because this cake or ingredients that we’re concocting here, Frank, is fire and chemicals. My friend, talk me out of things, not blowing asset prices off. 

0:35:52 – Frank Curzio

You’re still going to have government spending, you’re still going to have deregulation, and, look, not every stock’s going to go up, but just the factors that we have going for us for the next three years. During this present administration, who’s 100% focused on the stock market? I don’t care if you hate them or not. You could see it with companies. I mean, look at drones, look at AVAV, reported today and that company’s up 3%. That was a name we’ve had in the portfolio probably since 2017, 18. Since you started, Frank, yeah right, 17, 18. And we’re now up 800% on that name. 

0:36:21 – Daniel Creech

January of 17. 

0:36:23 – Frank Curzio

And we never took it off because the thesis was always intact right. Usually I’ll recommend these things for maybe 12 months to 18 months. That’s why we recommend stocks, because that’s how long it takes for some of the catalysts that I’m looking at to really develop and then we could look at quarter by quarter if that’s happening right. And if it’s happening and they’re accelerating, then we’re going to keep it in portfolio because the thesis is still intact. The thesis is still very much intact with AVAV and just the numbers I reported were really good. 

They raised guidance again and company that’s been training in astronomical valuation. It just keeps going higher and higher. When you see revenue rising 140% year over year, you see that guidance come in earnings for 360 to 370 compared to 340, funded backlog 1.1 billion compared to 725 billion. I mean these are the stocks that you want to own. That’s what the market is giving a premium for, right. This is why these companies have premium valuations is because they’re growing much, much faster than the entire market and if you are, your stock price is going to surge. I see that continuing right. I mean it’s just in certain sectors you have AI, you have crypto is going to be on fire. 

We talk about crypto all the time. I mean, actually crypto and gold went up on this news, on the inflation news, and you know, that kind of surprised me a little bit, right? I mean it’s going to lead to more Fed cuts, I don’t know. Does gold? I don’t even know. Does gold go higher? Fed cuts? Or if the Fed’s tightening, I don’t even know. It seems like you know, gold bulls argue recession is great, inflation is great for gold. You know, everything is always great for gold, no matter what. Right? Oh, this is going to lead to even better. Even interest rates are higher and they don’t pay interest rates. That means you could park your money someplace else and earn interest instead of owning gold, which doesn’t make gold the best investment. We have low interest rates, but even that period they’re like no, it’s still great for gold. But overall, I was just I was a little surprised to see, with the inflation numbers, that gold has gone up. 

0:38:11 – Daniel Creech

Well, it’s definitely or not definitely, but my interpretation is it has to be anticipating lower rates, more money printing and all that. And I’m in the camp where I think gold is an oh moment and there’s plenty to worry about, and I’m not the sky is falling type guy. However, I do think there’s enough out there. If gold is the worrisome trade, there’s plenty to worry about. Now you have escalations and wars. 

Israel just attacked Hamas enemies in another country. That that’s a big deal. There’s plenty of pressure out there. I’m not saying that specifically, but then let’s not forget, we’re in a crazy environment and to not expect crazy situations is goofy. So when you have the Willy Wonka and Wizard of Oz combination and debts and deficits and all that, why the hell shouldn’t gold be a lot higher and why shouldn’t Bitcoin be a lot higher? I mean, you know, I know I’m not putting that argument on you, but I do. I think there’s plenty to worry about from a nervousness standpoint. Trade like, can you imagine? Like, why wouldn’t gold go up 10% if India and China actually decided to put sanctions on Russia to slow down the war? 

0:39:19 – Frank Curzio

It’s not going to happen, no, but you know they can’t, because that’s where they get the oil from. My point is is that they can’t they can’t mess with Russia. 

0:39:26 – Daniel Creech

Exactly and they’re not going to. Yeah, and the point is there is that if you, if you don’t have all this uncertainty and stuff, how does gold fall Fall meaningfully, you know, and the melt-up, or even the shoot-up higher on anything crazy, I mean, you know, that’s the world we live in. So, yeah, I think gold is an O moment, and I think it’s—. 

0:39:44 – Frank Curzio

And you make sense right Gold, lower rates, more money printing, but we hit all-time highs over the past 12 months but the interest rate is much higher than the Fed’s saying. We’re not rates right. So you know you could say, well, they’re anticipating lower rates. It’s a long time anticipating rates where gold has been pretty hot, at least over the past 12 months. But to me, when you look at you know, when I look at gold, why own gold? Gold is like this safe haven Holy shit, I need to own it just in case gold. And when you see stocks hitting all-time highs, that was a negative for gold for a long time. Now we’re seeing stocks hit all-time highs and gold hit all-time highs, which is different. That’s a breakdown in that correlation which suggests that gold’s probably going to go higher. I mean it’s nice to see that right. Even it’s a trade, it usually goes opposite of the dollar. With the dollar going, you’re going to see that move with gold Again, that correlation is also broken. So as the dollar’s going higher, you’re seeing gold going higher. It’s interesting what I’m seeing within the gold industry, because a lot of stocks have not participated in this. 

Junior miners are now in play Because they have what they do is they put a stake in the ground, they drill a little bit and they show you how you know this project’s great. And what they all do like 90% of them is they build these junior miners for hopes that a big company’s gonna take them over, because they have a great asset and they need gold. That used to be the case, but it’s not the case right now. For the past few years at least the past 10 years so junior miners have been sitting there even as gold prices have gone higher. Why haven’t they gotten bought? Because inflation has been rising faster than the gold price over the past few years, meaning it’s still uneconomical for a lot of these companies where they’re like why am I going to purchase this massive asset where I’m going to have to put three, four, $500 million to develop it? Now you’re seeing where gold prices are. If they approach $4,000, you’re going to see moves in junior miners, like you used to see during those cyclical times, those positive cyclical times. That’s why you own junior gold miners where you have shit, shit, shit, shit and all of a sudden, after five years, boom, an explosion, three, five, seven, x of your money and then boom, and then usually these guys get the hell out because it doesn’t stay. You have this cyclical thing. 

I feel like gold right now is more in the secular bull market right now, which is really exciting. I have tons of friends. I’ve covered this industry forever, Daniel. You know I speak at so many of these conferences in Vancouver. I have great, great contacts. It took me a long time to build contacts like the Rick Rules, eric Sprott’s, the Marin Katusa’s, and that’s by making myself available, being there in the room when they’re signing some of the biggest deals, where there’s so much bullshit in that industry, this industry for junior miners. 

We’re seeing the large caps really start to take off. There are all-time highs now for Newmont. I mean, they’re printing money at this price but they do need gold. They do need gold. They haven’t been exploring for gold for a very long time. For like seven, eight, nine years there haven’t been any major gold discoveries. So now it’s going to lead to these junior miners. Those prices are going to go higher. They’re going to look to raise money further, explore, and I think you’re going to see a lot of takeovers coming out because these guys need to purchase these assets and there’s tons of gold assets in the ground that are valued at really nothing 10, 20,000 ounces in some of these places. It depends where it’s located in favorable geographics, geographically areas. But gold right now in junior miners, they are in play, they’re big in play and you should own some of these. 

These are some of the names that I’ve covered. I have a formula for buying these stocks, as Daniel knows. It’s simply good management teams. You have to have a good jurisdiction. You got to be careful. I got burnt on that one time, buying a company in Venezuela and when they do well, venezuela just changes the rules and there’s regime changes and they’re like, hey, we’re going to take everything from you. You get a zero. Don’t go near those companies. Govx is one of them in Africa. They’re trying to produce in Africa. You out of your mind. That company’s a zero. I told you it was a zero at $1, $2, $0.50. It’s a zero. That company’s a zero. 

In the uranium industry for the shares where they care which is important because there’s this religion aspect when it comes to junior miners and gold industry in Canada, the insiders never, ever sell. It’s almost seen as if they sell that. It’s almost seen as kind of like they’re paying for research here and like this negative sometimes and it’s. I always wondered that because some of these guys on 40% and their stock will go up. I’m like you could sell a little bit, you still own. They’re like no, no, no, no, no. That’s no way. We can’t do that. It’s like a religion. You can’t. You can’t sell shares. 

So the only time they are able to capture those massive gains is if they get acquired, and which is crazy, because as the stock goes up, yeah, they sell that much, but you want to see strong insider buying. That means these guys have a lot at stake. The managers have a lot at stake. You want to see who owns this stock. Have you got Sprott in there? You got some of these big billionaires, investors. 

It’s great, but there is a formula, because there’s a lot of shit in that industry, but right now, I think even the shitty stocks are probably going to do well over the next year, because, man, it’s like lighting a fire under this industry that’s been dead for such a long time, and I’m happy I have so many friends in that industry that have been miserable for pretty much since 2012,. Outside the last year and a half In 2017, we saw a little bit of a bull market. Then it pulled back, but I’m really happy for them. A lot of these companies, the best management teams, have done everything they can to improve those assets, to lower their capex, to lower their costs during tough times, and now you’re going to see those companies prosper. 

We’re going to come out with a bunch of those companies as well and maybe have a free webinar event on that, because there’s a lot of great names in that space and I think have tremendous, tremendous upside and they may be up like 50, 75, even 100% from their lows. They’re still down 50% from their highs. I mean that’s massive for these companies because with gold near all-time highs, these companies should be closing in on their all-time highs and they’re still not even close. They’re still well, well, well off their highs. It presents a really great opportunity for people who love gold, who love junior miners, and those conferences are getting busier and busier the more I hear from my contacts, which is really cool and you should. You should be focusing on those companies. We’ll have a nice list of names for you to buy, probably in our premium version, not in the free version just to share some of our ideas and the best gold companies that we like. 

0:45:42 – Daniel Creech

Yeah, future, like I said, don’t be disagreeable just for the sake of being disagreeable. But it is hard not to be very bullish on gold assets. Agnico Mines is the big operator. I like them even better than Newmont. Only because I heard that guy speak at the conference, Frank sent me to yeah, just do not feel like you’ve missed. I trouble with this, Frank. You see a big move or whatever. Just don’t think you missed the move in gold. Yet it’s all-time highs. It’s breaking out Charts. Look good, some of the bigger miners are at all-time highs. Just do not think you’ve missed it, because in order for that trend to reverse, the things that would have to take place, like political sensibility and fiscal responsibility, the odds of that happening are just very low and the odds of it happening anytime soon are even lower. So, yeah, don’t fall for the. Don’t sit on the island and wave it as it passes by, Frank. 

0:46:34 – Frank Curzio

Jump out there and get on it. You know we talked about Galaxy being one of the first companies to tokenize their stock the first ever to tokenize like an actual security right, so you could buy it on a blockchain, and it’s a big difference, right? It’s this major move and what does that mean? It means you’re going to be able to buy this stock 24-7. It means you’re going to be able to buy it, you know whatever you want. Where stock 24-7. It means you’re going to be able to buy it. You know whatever you want. Where, say, oracle was up like 3%, 4%, 5%. You could have bought it in the after markets, where you really, as a retail investor, you don’t have access to that market. You would have to buy it up 30% plus when it opened the settlements of trades where so much goes wrong. Shorting the stock, where you know you don’t know where the stock is because it’s a two-day settlement and and you could short and then someone could short on time. It’s called naked shorting. You eliminate a lot of that stuff and you wonder why Citadel is coming out and saying, hey, you know what we’re worried about this or it’s not going to provide transparency, which they’ve got sued many times because of the lack of transparency, which is funny. It’s ironic. They’re arguing why tokenization is bad if all these stocks get tokenized, and it’s ironic because it’s going to solve all the problems that they’re creating. They actually wrote to the SEC and the SEC came back and wrote to them and said listen, this is bullshit. This is why you’re wrong. This is going to create more transparency. 

The point I’m making is, when you tokenize assets, what you’re doing is you’re putting them on the blockchain, and the blockchain is a register that updates immediately, in real time. You can’t fudge it, you can’t fake it, and that’s what we really, Daniel. We really need to do that with some of these economic numbers, because we cannot. We’re China right now. We’re China Like. We have no idea what our numbers are. If you’re telling me we’re going to be off that much with unemployment, I mean it’s a game changer. I mean the consequences of the last year, of not having those numbers right, where interest rates would be much, much lower now, are insane. It makes everyone look like an idiot. 

And those numbers, I’m telling you it’s not like this. One month, you made a mistake. Two months, you can’t make that big of a mistake. Eight months, it’s just, you know. It’s what do you call it? Like a statistical? It can’t happen. It can’t happen unless you cheated the system Right. It can’t happen unless you cheated the system right. 

And it makes all sense in the world to cheat the system, because politics, we know, is a big boy game. Because they were actually lying about COVID, which could kill our kids, right, they didn’t even care about children or anything like that, right? That’s how cutthroat politics is. If we put a lot of this stuff on a blockchain, if we put voting on a blockchain, if we put this tokenization on a blockchain, it eliminates all the bullshit, all the players in between, all the third parties, all the garbage. It increases transparency. 

That’s what we need here. We really need that, and I think that’s what crypto is really going to open a door to later on. Because when I see these numbers and getting back to it again holy shit and how it ties in with what we’re doing within blockchain and crypto, it just makes sense to throw a lot of this shit on the blockchain. Make it differently, because the numbers right now don’t make sense. Those revisions are just so big and those consequences, hidden consequences, are so massive. It’s just. This is proof that we really need this system to be improved. We really need our numbers to be better, because right now, I mean, I think China numbers are more accurate than our numbers. That’s how terrible that is. I mean, that’s a big, big mistake, dan, a big mistake. 

0:49:39 – Daniel Creech

Yeah, I mean damn big mistake. Yeah, I mean it is. That’s all part of the game, Frank. You can’t fudge and maneuver and screw up everything with real data, transparent. You’re being silly about that kind of stuff. I do think it’s interesting. 

I’ve read this the Trump administration is putting GDP data, or portions of it, on blockchains. I saw that announcement. We’ll see how that kind of comes out. But again, what I would like to just have is a conversation. We talk about CPI numbers, looking back, the ridiculous of the jobs in the surveys, and again, this is all built in, so it didn’t just start, but the assumptions that are built in and all that. But then we talk about truflation which breaks down on their website, who they’re connected with it, how they use their technology to get real-time data. 

There’s a big gap in the middle there, and the reason that it doesn’t get more clear should tell you something because the powers that be don’t want it more clear. Nobody, like you, know if you’re the guy behind the Wizard of Oz. You don’t want the curtain pulled. That I mean. That shouldn’t shock anybody. And to your point point, Frank, we should be using it and hopefully listen the uphill battle we have from a civilian standpoint, from a David versus Goliath standpoint, from an investor, individual to institutional is transparency, and this is the clearest thing that could help. Now it’s going to be fought tooth and nail, not because the do-gooders up there, but because the person in office right now but he needs to put stuff, like you said, on chain. I’m not even ready to go voting on there because I don’t trust anybody. Why would I vote? Why would I trust a voting on the blockchain? Whoever’s behind the blockchain versus anything else? 

0:51:05 – Frank Curzio

So you’re not going to cure everything. Huh, no one’s behind a blockchain. That’s the point of it. It’s a Right. But you have to buy into that, you have to convince me, otherwise, yeah, go central. 

0:51:13 – Daniel Creech

No offense If you come from the government. I don’t believe that. Oh, you’re using the open blockchain and all that. I’m not going to take that for granted. I’m not saying you’re making that argument. I’m simply saying you have to have stuff where you can give to the public and earn trust, because right now there’s actually too much, in my opinion, than there should be. 

0:51:30 – Frank Curzio

But that’s for another day, I mean GDP makes sense though, Daniel right, because you have consumers, everything makes sense. 

0:51:34 – Daniel Creech

No, no, I’m saying, inflation makes sense. 

0:51:36 – Frank Curzio

Consumer spending is easy to track. Government spending is easy to track. You have imports exports easy to track. You know total investments I mean we have numbers for those. We have you know credit card receipts for those. We have a lot of those numbers right that could be tracked where you know it makes sense in a blockchain when you’re surveys. It’s just so easy to manipulate these numbers where there has to be a better way of doing this, especially today. I mean, how could these? How can we not have a better way of doing this? It’s just insane. But I would love to see that. 

0:52:06 – Daniel Creech

I would love to see it, we just got to implement it. 

0:52:08 – Frank Curzio

Yeah, good luck. Good luck implementing it. Yeah, I mean, it makes your economy. Listen, it’s the economy, stupid, right? We all know the economy is the biggest factor. If you have a strong economy, chances are you’re going to get reelected. How do you do that? Well, we create a CPI where the inflation almost never rises by more than 2% 2.5%. Why did it rise higher than that? Because we’re idiots and we spent trillions of dollars, because we closed and locked down everything. That’s fine. After all, asset prices went at all time highs at the end of 2020, that’s when it was the end of 2020, we had vaccines, everything in place. Everything started opening back up. 

We spent another five, six, $7 trillion, okay, and we didn’t do it through the banks, like we did during the credit crisis I’ve said this in the past where they choose how to lend it out and you could argue that’s another debate in itself, but we handed it directly to businesses and PPP loans. We handed it directly to people, right? And what do you think they were going to do? They spent the shit out of it and economists were like no, we’re going to be fine, there’s no inflation, it’s going to be transitory, it’s going to be fine, right, so you know when you. What is it? The past couple of years we’re looking at rental properties like especially in 2022, 2023, like after even 2021, we saw 8% rise in rentals. If you look, even heading into the credit crisis in 2004, 5, 6, rentals were only rising by 2%, even though housing prices were rising by 20%. They were like let’s use this gauge, let’s force rentals in there, because that’s not showing inflation. 

There’s no person in the administration who’s president of the United States that wants to see inflation go higher during their term. Ok, it’s the worst thing. You could see inflation going higher and you’re seeing what’s going to do. It’s going to lead to maybe slow economic growth. You don’t want to see that. So it makes sense for insiders to pad these numbers, but you couldn’t pad them that much like the previous administration did with job numbers. I mean. So a lot of this stuff hopefully goes into blockchain. 

A lot of the methods to calculate this needs to change and now we know that. But we need to know these numbers. These numbers are important. I mean we should see interest rates at least 1% Maybe you could argue 1.5% lower over the past 12 months, and we haven’t even started yet. I mean, how don’t we get a 50% rate cut coming in when we know that jobs are crashing? They’re not just falling, they’re crashing. They’re crashing Minus 150, minus healthcare. They’re crashing. That’s over the past four months. We need to lower rates immediately. Now let’s see what the Fed does Again. That could be political too, because he’s been against lowering rates and Trump’s been in his face the whole time and I think that’s Powell conceding saying, ok, we’re going to cut by 50 basis point. It just opens the door to Trump to just open up his mouth. Not going to happen. 

0:54:46 – Daniel Creech

80 freaking tweets in a row showing I told you, so I told you so We’ve got a fun beer, bet there’s no way Powell cuts by more than 25. Yeah, I just think. Hey, listen, you have hate in your heart. You don’t do stuff like that. 

0:54:59 – Frank Curzio

You don’t do stuff like that. It is interesting. I could be wrong, that’s just my take. No. 

So, listen, we covered a lot of topics today and you know the main ones are basically Oracle, the revisions, take jobs, report two things that you know. Listen, oracle, please don’t look at Oracle like, hey, I miss it Again. I want to say we recommend that stock at 100 before we added it to it. I want to say it’s all-time highs, but you know we’re up really good on that name. But don’t look at Oracle. We’re not bringing that up because, hey, we got this winner, we’ve had losers and we bring up losers as well, more winners than losers. I wouldn’t be doing this, but the point of Oracle and really going into that is just showing our thesis on AI over the past three years now has been dead on. You know our newsletter has been doing very well. You know we have a couple of losers in it, but the winners are up tremendously and I see that this trend is still intact and there’s so many companies that are transitioning themselves to really be part of this, to get a small part when you get a small part of these orders as a company, like, look at where Micron is right now starting to get massive orders. Right, ibm started to get orders. You know this transition into AI from Marvell, like even Smith Micro. You know you’re seeing this transition where, hey, we need a piece of this market. And now that you’re seeing it, you’re seeing these businesses are going to get bigger and bigger, but there’s also smaller companies now that are transitioning. You just need a tiny little, tiny piece of the pie, because that pie is $400 billion plus in CapEx spending just by the four largest companies in the world, and you see what it did to Oracle. When they get a couple of orders. Imagine getting even smaller orders, just tiny orders for these smaller companies. You could see 100%, 200%, 500% gains in these stocks. 

The AI trend is still here. It’s accelerating. It’s not slowing down, it’s accelerating and it’s going to continue until it doesn’t and we’ll let you know. We have great contacts in this industry. You’ll see it in Taiwan Semi, you’ll see it in Bronco, you’ll see it in NVIDIA, you’ll see it in hyperscalers, across the board. There hasn’t been one shred of evidence to show us that this is slowing, and people will point to what Daniel Microsoft. Microsoft is now leasing. They’re leasing. They’re still spending tremendously in order to lock in power tremendously right. So you know, there’s no shred of evidence to show that this trend is slowing and in our free webinar, we’re going to cover lots of companies that are going to benefit. 

Again, giving you three for free, and then we’re going to have that Q&A afterwards. So definitely sign up for that, guys. We like to provide these things. We’re probably going to provide a steep discount to our newsletter, if you’re interested, which is Curzio AI, but we’re going to be holding that event again on September 25th that’s a Thursday at 7pm. It’s for free, and then you’re going to have the Q&A. It’s going to be 100% live. So, yeah, if you want to register again, just go to CurzioAI.com. It’s going to be really, really cool. So I think that’s the time for today. Daniel, any funny parting thoughts or anything. You always say no, but give us some today Negative. What do you want to focus on CPI tomorrow? Need to focus on CPI. Listen, cpi is a big deal tomorrow. 

0:57:45 – Daniel Creech

It’s been a big deal, but it’s crazy hot. I mean today it can’t be a much outlier. 

0:57:50 – Frank Curzio

We’ll see. I think if it comes in lower than expected, how can’t you lower rates by 50 basis points? There’s no evidence of why you shouldn’t. So if that really comes in low, I don’t know if it’s going to come in low. I don’t think it’s going to come in lower. If it does with the PPI and then the job revisions, I have no idea how I think it went from 7% to 10%. Right now, the Fed funds futures of a 50 basis point cut. 

0:58:17 – Daniel Creech

You’re laughing because you say absolutely no way. I hope I’m wrong. How is playing hangman? He’s an H-A-T, h-a-t, Frank, it’s not hat. What’s the word? No, I hear you, we’ll see. I hope I’m wrong. I’d love to see him do that. 

0:58:26 – Frank Curzio

Yeah, so tomorrow’s premium podcast. We’re going to cover lots of stocks. We’re going to have lots of stocks, our reported earnings outside of Oracle, lots of names, and we’re going to talk more about Bitcoin and gold as well and also break down our CPI numbers tomorrow. But we’ll have some actual ideas for you tomorrow on our premium podcast. Again, if you want to learn more about that Wall Street Unplugged premium, you can go to our website, curzioresearch.com. But that’s it for us. Thanks so much for listening and we’ll see you guys, tomorrow Take care. 

0:59:34 – 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.