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Stocks talked about on the show:

$NAKD, $BBIG, $NTRS, $NNVC

Guests:

Pete Cherecwich, President of Asset Servicing at Northern Trust nnvc, $(Ticker: NTRS) 15:00

NanoViricides President & Chairman, Anil R. Diwan, Ph.D. (Ticker:NNVC) 30:00

Julien Phipps KoreConX CRO https://www.koreconx.com/ 45:00

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Hosts:

Aaron Bry

Twitter: https://twitter.com/aaronbry5

Hot Stocks Luke Jacobi

Twitter: https://twitter.com/lukejacobi

Jason Raznick

Twitter: https://twitter.com/jasonraznick

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Yo, what is going on? Everybody happened Tuesday, Tuesday, another day, back at it in the markets rocking and rolling, ripping and roaring. What is up everybody? Uh, this is the power hour. This is the trader your show. That's why we spend these 60 minutes together. Every single day. We want to get some idea flow going ideas, not just coming from my.

Not just coming from my beautiful co-host producer, a B, but most importantly, out of the chat. So guys, if you have tickers, you want us to talk about, drop them in the chat? We will take a look, uh, on my list on my radar for today. Uh, we, we want to follow up on a couple of symbols that we looked at yesterday.

Uh, we, we, we looked at, uh, naked brands yesterday. Uh, we, we looked at a ba-bye yesterday, so, so those are two follow-ups that, uh, that I want to talk about. Uh, We haven't talked about Ford in quite a while on this show. Uh, I, I think that I got banned from saying the F word, uh, by the chat that they were sick of me talking about Ford.

But now that we have a little bit of price action, let, let let's, let's hop back to some of those tickers, uh, and, and early birds get the worm. I see a metamaterials to your M M a T I C a U N F I O does that unify a United natural foods who that strong. So, so, so we'll get to those ones as well. But all right, guys.

So without further ado, I'm going to throw my screen up on there, but let's look at, we were doing Rippy stocks yesterday. Okay. And, and let, let, let, let's keep ourselves honest. All right. I said that I was, I was hitting naked brands long and strong taking it for a ride. Uh, and, and then I said, uh, Minko ventures, ticker, BB IEG.

It's Bravo, Bravo, India golf. Uh, I was sitting on the sidelines for, those were our two Rippy stocks yesterday. Um, Until we got to check in on them today. So, so, so naked brands, what we're looking at right now is we're looking at a two day card. Okay. So we're covering two days of time with this chart up here.

Uh, I, I got excited yesterday. Um, after the close, when we saw the stock hit all the way up to 94 cents, um, that, that is right around where we called it. We called it to 95. We said a dollar is tough, but it's going to get darn close to that dollar. Uh, we got up to 94, uh, but have since pulled back, I sat on my hands yesterday watching this thing move after hours.

Uh, I, I didn't take any action on it one way or another. I'm still sitting on the shares pretty much a break, even from when we talked about it on this show yesterday 80 cents. My general sentiment is that the ride, the move is more or less done, but I want to throw this one out to the chat guys. We're, we're circling back on some of these risky stocks again, naked brands, and we'll get to Vinco ventures in the second year.

If you guys still liked the move in naked brands and let me zoom us out, uh, here let's go to a six month chart. Uh, three months. There you go. It makes it easier. See, so there's a three month chart. Um, you know, we, we, we, we, we saw that, that power move upward. Again. My call is that it's over. If anybody still likes the trade, the, the energy, the momentum, the swing trade.

Give me the one in the chat. If not give me the two more or less I'm at, Hey, the, the thing was fun. We had our ride. I had the opportunity to capitalize. I didn't, I missed it. I let it sit too hopeful for that dollar. Uh, but, but I wanna see where everybody is at on that one. Then let's go to the other rip stock that we were talking about yesterday.

Vinco ventures, Tigger, BB I G Bravo, Bravo, India golf. Uh, this one we did at least call right, uh, down 10% today. Um, you know, the, the, the call on this one was that the momentum had to already. Uh, and, and we didn't, I at least didn't like this one from the long side. Uh, and, and you can see, uh, from, from where we talked about it yesterday and the aids, we're now down into the sixes.

Um, and, and just continuing to see a little bit of pain in this stock. I'm Vinco ventures, uh, shout out to Daniel and Chad in the chat. I see you guys saying that, that you don't like to naked brands move either. I'm going to throw out the same question. Vinco ventures one way or another. Okay. No snow, no sitting on our hands, but let's get the fingers moving.

Let's get the blood flow and let's get some participation. Uh, if, if you guys liked this stock right now, you would take it long. Drop me the one, if not drop me the two. I'm curious where everybody is at sitting here on a Vinco ventures. Again, my, my call would be, Hey, I'm just staying on. The sidelines is on the sidelines yesterday.

I will continue to sit there to hang out there. So all right guys. Oh, and we got a nice wave of twos. I'm being good ventures. Yeah. We're all on the same page here. So he energies out interesting stock, I think really interesting company, right? Remember this, this is like the Tik TOK of India and a handful of other geographies, um, and Matty ice.

He's the one coming in, coming in with that Matty ice net Natty ice type move. Um, so I dunno, I think that the company is interesting. I don't really know anything about the valuation of the financials, but, but at least the story of being the Tik TOK of, in of, of India is interesting. So I dunno, per the chart per the energy per the swing trade, I am hanging out on the sidelines there on that one.

All right, guys, let, let, let, let's keep it going. Uh, let, let let's talk about Chinese name. Uh, and Ali Baba specifically, here's the three-year charter Alibaba. Here's the one-year chart of Alibaba. Uh, again, continuing to, to see some red, uh, I was, was bullish, or I thought we could do some bottom picking on some of these Chinese stocks a few weeks ago that hasn't played out continue to, to be some, some blood red in the streets.

Uh, I I'll, I'll throw this question out to the chat as well. Uh, does anybody have a favorite Chinese stock right now? And if, if you're not aware, basically the story with the Chinese stocks has just been a lot of headline risk and, and the headline risk is different than the headline risk a couple of years ago, if you recall, but it was always Trump in China going back and forth, talking trade deals, talking whatever we're not going to cooperate.

That was the headline risk in, in some of these, uh, Chinese docs a couple of years ago, the, the headline risk that we're getting now is coming pretty much straight out of China. It's less of like this, this us China European conflict, uh, and, and actually more of a, Hey China is tightening things down. We saw what happened to D that was that's the stock, that's the Uber of China.

Um, you know, within three, four days of it getting, uh, of listing as a public company, having its IPO, check this out 1, 2, 3, day four, I got banned from the Chinese app store due to security concerns. Um, so there there's just been a ton, a ton, a ton of, uh, uh, you know, headline risks coming out of China that the narrative has changed.

When, when does that end? I don't know. We don't know. Uh, and so, so for that reason, I have been hanging out on the sidelines on some of these Chinese. Um, I am personally not any. Now I just asked the chat. What are some of your favorite Chinese tickers? There's also many dropped in, in, in EEG. H new homes are all God.

So one your chart of that one that is brutal. Um, see a Baidu in there. Uh, L K N C Y. I don't know that one. If, if Mike tell us what that stock is, uh, I'm curious, there, there there's a handful of names. I don't know, not a ton, uh, but, but, but a handful. And I'm curious, I, I see a Neo Baba Baidu. I see another Neo.

I see a PDD that's pin duo duo. Um, you know, but, but again, I've been on the sidelines and another Neo. All right. So we saw a lot of Neo fans in there as a jd.com. I were to do it again. My play would be taken a crack at ed BD. Again, I tried it once. It didn't work for me, but I was going to do it. I would do it via D D that the stock is cheap.

It's in the right space. Uh, and it's so embedded into people's daily lives that I think it's a, a tougher one to disrupt. And if you think about breakup risk, right? That's one of the narratives that we hear about in Alibaba's there's breakup risks, the company might get break, it broken up. You have a lot less of that risk with a company like a D D who essentially is offering, uh, you know, one substantial service.

Um, Looking coffee. Yeah. If you guys haven't ride the lucky and coffee story, do yourself a favor and read that one. That was the stock. That was the hottest stock around for awhile. It was the Starbucks of China basically was, it was luck in coffee. It kept going and going and going. It was a favorite of all of us, individual investors.

Uh, and then one day it just got delisted. Um, and, and it was a matter of years, uh, but before, before we heard from Luckin coffee. So it's definitely a tough one. If anybody hasn't read that story, I think you owe it to yourselves as an investor to read that one and just understand a little bit of the risks that can be in play here.

So, Luke, I heard you talking about Baba. I know we've talked about a few different ways to trade it. I think what we were talking about last week when we were looking at the, you know, year and a half out options, Uh, long dated calls one 70, I think that's still interested. And maybe we could even, um, you know, do a trade where we sell some, you know, say one 30 or one 40 puts and see if we get any premium from those and then use that premium, um, to purchase those long dated calls.

So you're getting super long. I sorta like it it's aggressive, it's aggressive, but I just, I, I mean, obviously we could get some that say that I've never sold puts to then buy calls before. Okay. I'm just saying we, we, we could, the risk there is, is, like you said, we get some bad news out of China and the stock continues to drop, but, uh, you know, with the news that we have out there right now, I don't see this drop in below $130.

I said that about, you know, like the $170 level though. So who knows, maybe we'll sit on the sideline a little bit longer at what do we say? Like two and a half times even. Yeah, which is in 44 on the S and P 500. I mean, it's a cheap stock. There's no doubt. There's no doubt. It's a cheap stock. I sort of like your, your elongated call approach.

It's a cheap way to take a crack at it. And it's a way that, you know, aside. So, so say you don't sell the puts to raise capital and all you do is buy the long dated call. What I like about that is you have a very fixed, um, you know, downside, you can choose, say like, okay, if we find a call for $1,900 and say, that's the most we can lose on this, if we get some positive movement in the stock, um, we get some gamma that could easily double and say, Hey, look, I've got, you know, if you have that cash sitting around that you're willing to get risky with.

I think that could be a very good play right now. All right. And, and you, you have a big interview coming up in a minute here, producer AB, but, but let me do one more stock before we hop to it. Okay. I've been good. Okay. Th the chat banned me from the F-word a Ford. Okay. I used to talk about it ad nauseum.

Uh, but, but, but it's back, it's making a move there's headlines. And so we're, we're, we're not going to skip it. Okay. Take her forward Ford motor company AF uh, the re this was our 2021 stock of the year. Every year. I, I make a call where I say, this is my stock of the year. I, I throw it up on billboards and I stand behind my trade.

Uh, we, we bought the shares outright, plus, uh, we, we bought the $10 strike, 20, 22 calls. Okay. So, so you can see for it at the beginning of the year, with somewhere in the high eights, uh, we, we went out and we bought the $10 strike, 20, 22 calls, uh, obviously up on both of them, you know, it's, it's, I'll take a 65% move on a stock, like forwarded at any time, basically the thesis on Ford at the time when we.

W we, we said that the valuation is cheap. Cause we always want to look at the number side of things. Okay. The valuation was, it was relatively cheap compared to a S and P 500 as a whole, and then also compared to other automakers. And then the story side of things, part number two, we said that Ford was going to be an Evie stock this year.

We, we, we, we had seen all this money flow into the Evie names and talking to your lucid, your Neos, your Tesla is et cetera, X paying. We can go on and on and on all of the money going into Evie stocks. I said, Ford has already told us this year, they're just going to spend a ton of money. Branding themselves as an evil company.

The stock price will pick up from that huge announcement that we got yesterday. Uh, Ford said that they're going to be dropping $7 billion to, to spin up manufacturing in the U S so they're bringing manufacturing back to the U S and specifically to build batteries and to build, uh, uh, the electric vehicles here in Detroit, Michigan.

I can see behind me, Ford's old headquarters is, is, is a few buildings behind me. Uh, they're going to be building that electric F-150 so, so, so the, the position that I have on Ford, continuing to be long and strong, I think that the Evie narrative continues to develop. We've seen several product announcements this year.

We're going to continue to get them. We're going to continue to get news about, about Ford investing in infrastructure. The market loves Evie stocks that has not changed. It. Doesn't love it as much as it did in February, but the market still loves these Evie names. Uh, and so for that reason, I am staying in long and strong forward bolt in the outright chairs and those long data calls that I have.

Yeah. And Luke, the chart looks strong there, it looks like we've broken past those kinds of previous resistance levels of $14. Um, and we see that uptrend. So, so do you have more color on the bringing, uh, you know, some manufacturing back to the states? That's not just saying, Hey, we're going to assemble. Um, you know, some of our trucks are parts here, like other companies are doing, or so the, um, the actual production of the batteries is going to take place here.

Yeah. Let's see if we can find the press release. There it is. All right. I understand it. It's $11 billion investment. I think the 7 billion might just be for Michigan. Um, all right. Check it out. So, so, so we, we have 11,000 jobs going in, in, in Tennessee and Kentucky. Uh, and then where is the Michigan plant?

We're getting a Michigan plant as well. No, but Ford is like seriously manufacturing. I, I think on top of, uh, you know, that that's going to be good for the company. I think it will also. Uh, you know, be good for the stock as well. I think a lot of retail investors will, will like that about Ford, uh, and maybe we'll see some movement into Ford.

I mean, Ford has been on, on like the Robin hood, top 100, uh, owned stocks among retail investors. I think there's a lot of reasons for that. Um, but, but, uh, obviously a lot of retail investors like to kind of buy stocks cheap. So if they see a $10, you know, $14 stock compared to an $800 stock of Tesla, uh, it looks really good.

So I like this, Luke. I think we should keep riding the four train. Uh, we'll obviously be keeping our eyes on any developments and news updates and see just kind of how the stock reacts to those. And, and, and you're new to Michigan producer. AB ha have you seen the Ford Rouge plant? No, I have not. Well, we'll take a little tour.

This was like, like, like the famous early, like Henry Ford walked around this plant. The Henry Ford. I still haven't been to the GM. What is it called? Renaissance either. So yeah, we've got to do all that. All right. So, so, so we'll make that happen. It's not as common today. I sorta like these, you know, the older pictures are cooler.

That was my grandpa working at the Ford Rouge plant. Oh, I see him. I see. Yeah, that guy over there. I see the resemblance. Yeah, there you go. Um, but all right, producer, AB w w what line us up? What else do we have going on today? Um, so here at 1215, we have a Pete chair, which coming up, coming from a Northern trust.

And then after that we got, uh, nano, uh, uh, Neil , he's the CEO of nano, uh, pharmacies. I hope I'm saying that. Right. Ticker. And then. And then after that we got Julian Phillips from court core connects. So it's, we have a packed lineup interviews at starting right now, 1230 and then 1245. Oh, I see you, Spencer Israel.

I have a question. Do you all think Aaron Bree even knows what day it is? It's Tuesday. Y'all think Aaron Brie even remembered to put his socks on September 20th. That was like the worst pitch teas I've ever heard for upcoming. This was the worst he's ever. Jesus Christ. Spencer. All right. You go, you can take a class.

I mean, you would think, you would think he would know who's coming up. Go ahead, Spencer. Come on. I know. I just it's it's the names caught me so excited, dude. Try and told him he needs to tone it down. No, no, no, no, no. I know how to pronounce Pete's last name. Cause I actually researched it. It's peach heroine.

Which is mostly what you said he has. Pretty good. Perfect. So thank you. And you, and one of only a few in this world that get it right. Okay. See, we got pizza name, right. People. Wasn't the problem. It was the guys after Pete, but anyway, uh, Pete, welcome to the power hour. Um, yeah, I, I, you know what, Luke, this is an interesting one.

Uh, and, and, and I think Luke will want to come back here in a second because, uh, P w what, what you do, uh, at Northern trust is sort of in wine a little bit with weapons and good does is your responsible, and you can correct me if I'm wrong, but you're responsible for the, basically the product development for the, for the bank.

Right. And trying to, trying to reach new, new new customers. Is that right? And that's under me. I actually run all, I run about 60% of the bank. So I run all over. Um, and so we're, we're responsible for custody administration. I like to think of myself as we're the master plumbers, making sure everything works behind the scenes.

Got it. Um, I want to start with it with this curve ball here only because it's top of mind right now and then we can get to the other stuff. Um, and if you can't answer it, that's fine. But, um, first have you been following the, the I'm sure you've been following the, the game stop saga, right? Yes. Okay. Um, I heard this thing.

I don't know if you can speak to that. Cause I don't, I don't know if I, if I believe it and have it, I don't know how it works, but, but you're, you're, you're your banking professional. Uh, so you could speak to this maybe, maybe not. I heard this thing that GameStop shareholders are taking their share.

They're asking their, their brokers to take their shares. Off the exchange since the going into cold storage, I had never heard of that being a thing before. And if you're, if you're fidelity or whomever and your, your, your, your client comes to you and says, I want my, I want you to give me physical possession of my shares.

Is that a thing that not that I've heard of? Thank you. Thank you. People could be asking for that, but that doesn't mean actually it could happen and that's a reality. I've okay. I'm going to take your word for it as a guy with decades of experience that you would know more than I, but I heard that, I thought that doesn't sound like it makes sense.

You're going to have to go into a material. So basically you sitting there saying, Hey, all this stock was deemed and all electronic. Let's reverse it and put it into paper again. Thank you. All right. I knew it sounded like something's not right there. Um, okay. Thank you for clarifying that for me, AP. Cause that's been bugging me for, for like a week now when I heard that and I was like, I, and then I saw you on the calendar, I thought, okay, I'm going to tee this one on for Pete and I hope he can answer it because, uh, the guy's a banking professional, so, okay.

Um, Pete actually needs a bit of a strange day to have you on, um, in, in that, and maybe not strange, but in that markets are right here. Um, so, so there's that sort of hanging over us here? Not, not, not that right. Let's be honest with you. Not, not that I read, but um, I want your overall thoughts here on, on where we're at in this, in, in this, in this equity cycle.

Well, first of all, you got to talk to the investment guy. I'm the guy that. They can happen. That being said, we do watch the interest rates, and I can tell you that if I listened to our economics and our, our CIO and the organization, basically I see no change for the next year through 2020, no train in terms of interest rates.

That makes sense. That makes sense. Uh, there was an interesting report. I think I saw it this morning in the wall street journal, just in terms of banking, M and a, and how I'm sure you've seen this on your, on your own as well. Just how hot the sector is right now. There's a lot of M and a deals in banking, um, as just a, uh, one of the, one of the responses to, to the pandemic.

Have you seen that on your end as well? I mean, we, on a personal basis, we've done more smaller acquisitions really well, my belief in this world about scale and getting bigger, you don't just get big for big. You've actually got to have a strategy behind it. So if my belief is actually doing smaller acquisitions of thin tax or other types of organizations that give you geographical representation, that's a smarter play than just trying to get scale.

You can get scale through technology, not people in assets. Yeah. Yeah. So, okay. And that brings up an interest. And that's why I started with, by asking you or saying that you were sort of involved in the product because as a traditional, uh, financial institution, I feel like in some respects, your. Oh, I think we just lost Pete's video there, but I think there is, um, your, you know, companies like, like you maybe don't pay as much attention for people like me cause we're so focused on, on the Neo banks and the fintechs.

Right. So, but you, you guys, you do that enough in a lot of the times it's via the acquisition, like you just said. Um, I'm curious, just your, your thoughts right now, now that we've got a couple of big FinTech companies that are publicly traded REITs, so fi right. Uh, square. I'm curious your thoughts on, on the, the traditional banks to FinTech, uh, relationship there and, and sort of where, where that sat.

Cause it used to be like they were on opposite ends of the spectrum. They were competing and now then they were like, oh, let's work together. And now, like you said, you're doing a lot of acquiring, so they're coming together that way as well. Um, cause that was to look at it. Yeah. Looking at it, the retail space, then you get into the square instead of there and the retail side.

Right. And so they're going to end up getting a little more competitive. I saw at the beginning of the show, Alibaba, right? Ali Baba has a unbelievably large money market fund because they just sweep all their money into the money market fund. Right? When the retail side, I think you're going to see those compete.

When you get into the institutional side, most of the fintechs that are really large, actually say, you know what? There's not that much business on the institutional side. I'd rather go out to the retail wealth management. But for us, there's enough smaller fintechs where we can take stakes in those companies.

I'll give you an example. Please just took a stake in a company called Ascensia. So I don't know if you're a golfer, if you do anything of sports, but every sports professional, they have a coach, right? They sit down and look at the data and they say, Hey, you could do this better. Do that better. Do investment professionals have covered.

I had argue, not really, but now this company has written algorithms. They sit down with you to Spencer and say, okay, you know, what, when do you do well? When have you, when have you not done well, what are you looking for? And we can analyze the data and actually give them a little nudges and say, Hey, by the way, you said, look out for this situation before, because you may have actually in the data says that people that have used this system have improved performance by 150 basis points.

That's a big number and it's by coaching. Uh, let's just try to speak a little closer to the, to the compute, to the mix, uh, make it easier to hear. Um, okay, so you, you gave us one example there. Can you maybe give us a few others have given that, that might give people some ideas and sort of where your head is at, where your attention's at, just in terms of the types of companies or even the services that, that.

Yeah. So if we sit back from that, um, that company, we're looking at asset managers and asset owners. So for the managers, we're looking at providing tools that enabled them to codify the investment process and actually use data to make the investment process better. The days of, of an asset manager sitting in an office with spreadsheets, and then saying this stock's going to outperform, they're going away.

Now. We want to be able to make them more data analytically driven, and actually be able to write algorithms, to do behavioral analytics and to be able to sit down and say things like, you know, what constant, when, when a manager has a, um, is I guess, convicted on a stock, more than others, they, they end up having a bigger pilling on their performance and they are doing better.

So how do you codify that? Convince. There are tools out there that do that. And we want to try to bring those to those assets. Yeah. Asset management business is, is an interesting one because the fees are getting really, really compressed. Uh, I saw a great shot of the other week. It was from a analyst over at Bloomberg.

Um, and he looked at the largest, uh, ETF issuers, but it looked at the revenue that they make from their . And so you get, you know, everyone knows that companies like Vanguard and BlackRock and state street are the top three for assets, but they're not the top three for, uh, revenue from there, from, from those assets.

Um, uh, and I think it was first trust that that was, that was surprisingly high on that list, but neither here nor there, um, the asset management business, the fees have come down a lot in the last, the last decade or so. So how does that sort of factor in. Yeah, I think people will always pay for alpha. So if I look at the wealth client base, the retail client base, they're paying up for long only managers that provide alpha.

That's why the alternatives industry is doing great. Everybody's putting money into private equity. Hedge funds have been predicted to die for years. They're not dying, right? Because people want alpha and people are willing to pay for alpha. People will not pay for beta as they can do a computer program and get beta.

That's different. That's the truth. But now every bank is offering alpha and beta. Well, and you've got to balance it, right. Because you've got to prove yourself with the often there's no question. All right. So in terms of Northern trust corporation, I asked like, um, what can you, can you tease us on one new, exciting thing you guys working on right now?

Yeah, I do think it is something that we call a whole lot. So, what we're trying to do is we're trying to be a platform company for asset managers, where we don't have to own the FinTech. We don't have to own all the technology, but we can, we can, since we have the underlying data, we can provide all of the, all of our clients, all of these tools think of it as a supermarket style.

So we're trying to be a platform company for asset managers as to all the cool new tech that's out there. And that's the thing we always talk about, guys, you always hear the G our CEO says it all the time. Right? It's it's the thing behind the thing just said it, he said, they're trying to be the platform company for asset mandarins.

That's the thing behind the thing. Yeah, absolutely. You know, I think of the logistics companies that are worth a lot, right. Right. None of you, if you, all of you invest in mutual funds, whatever ETFs, someone like us is behind the scenes, making it all happen. That's what we do. Yeah. I'm so glad that you just, you, you, you said that, cause that, that gets that, uh, one of the things that, that we try to people like you, we try to re we bring on the show for that reason.

Um, but we've not with P chair, which he's the president of asset servicing and Northern trust. Uh, the charts up on the screen, uh, Pete, uh, a pleasure to, uh, to speak with you today. I thank you for your answering my burning question about the custodian ship of, of shares. And I knew that I knew that it wasn't a thing.

So, uh, thank you very much, man. Uh, I'll, I'll, we'll have to bring you back on w uh, another day, uh, and, and talk to you again. Thanks a lot. Thanks, Spencer. All right. Uh, I don't know where ABB and Luke went. They just totally abandoned ship here today. I mean, I, I, I feel like I'm the only person on this channel sometimes, right?

Oh, abs back. Well, I was upset, so I left your, what I did. I make you mad? No, you just hurt. My feelings was I was everything that I said wrong. No, I just sometimes struggle with pronunciations. And instead of, you know, helping me just chastise me in front of everyone, live on air. Now my feelings are hurt. I like all day today to look up their prints names, pronunciation of the company and whatever.

Okay. How do you, how, how would you say an NVCs? Uh, so here's the thing is it's like nano Vira sides. But beer aside. I don't even think that's a word. See, here's the thing about is I haven't, I'm not going to guess. Cause I might guess wrong, but you sh I shouldn't have to guess nor should you, because it should be whoever saying it shouldn't have looked it up ahead of time, right?

Yeah. I don't know. Who's on the Benzinga account right now, but yeah, as soon we're going to get, I'm going to shave everything, but the stash. Um, and we'll see how that look is for the winner. I don't know. Are you doing Nosha in November, dude? That's like so far away from me. I can't, I can't think about November.

October is in like two days. Thank you, chef Remy. Let AB live. I'm just, you guys are too nice. You guys are way too nice to AAV man. See, I I'm from the Midwest Spencer. We, I would, we would never do anything like that. What you did you're from the Northeast. So you think it's normal to just chastise people?

Yeah. Radical candor, right? Uh, yeah. Okay. That's fair. Yeah. I, I would just, um, I guess prefer it off-air oh my goodness. You guys are going okay. A B uh, we're, we're running a little bit behind schedule here. You forget that. I, I grew up in a, in the generation that we all get participation trophy. So really you should be giving me a trophy for my shelf, with the participation trophies that I had even trying to pronounce.

Uh, yeah, really? You got some for the best. The best was like, I don't know if you ever, like, when I was like a really little kid, we, I had to do like swim meets for like a couple summers and you could literally finish like dead last in the race and you'd still get like a little ribbon and I bet you did come dead last night.

I was actually a decent swimmer. Do we need to get Joel to give you a lesson? Cause we can. No, I will do it for free. He will volunteer. He will show up at your house. If we tell them that you want a swim lesson. I asked, uh, Joel where he swims in Detroit because in the river,

uh, Oh, wow. Thank you, Shelly. She Shelley's going to send that clip to HR. We were getting way off base here. We're in a way off base here. I, our next guest is, is, is backstage. I I'm almost hesitant to bring him on. Okay. Hold on. See Spencer. This is why you got to review the schedule and prepare for the show that I post.

So if you had reviewed the schedule and looked at what the agenda was for today, you would see, uh, that my good friend, Julian from core connects is not supposed to join us till 12. Julian joins early. He threw me for a loop. That's not my fault. I don't know. I mean, Okay. All right. That was my fault. That was my fault.

I'll own that. I saw Julian in there and I knew he was coming up. And, but, but you're right. Maybe, um, Daniell from, from an NVC, heard me try to pronounce the company and said, you know what, I'm not going on that show. So totally fair. That is totally plausible. It's in the realm of possibility. Uh, Hey, what's a look at the market today and Spencer, I don't know what you got going on, but I think you should hang out for when we bring Julian on, because it kind of goes along with what we were talking about earlier, as far as like alt investments.

Okay. So, so it could be an interesting conversation. It be, you could be a part of it if you want to be. Of course. I want to be a, yeah. Hey, shameless plug. If you missed our last show, the alternative investment show, we're going to do more of them, but two hours on a real estate and private equity and how.

Everyday investors, not just, you know, institutions can actually get, I, I I've been seeing that people were like complaining about a red day. I didn't know. Spy was down almost 2% if it closes right. If it, if the market closed right now, wouldn't that be a bigger red day, at least for the spy. Then last Monday, uh, here, let's go to this spot here.

I think last Monday we closed down about like 1.1 and a half, maybe I think at one point we were down 2% and then, uh, you know, we had a lot of bind come in at eight in the afternoon. I, I wonder what the chat's doing. If they're buying the dipper or not. Uh, the Q's today, we're down, we're down almost two and two thirds percent.

And the NASDAQ, uh, we're down to one and a half percent. And in the Dow down almost 2% on the spy, the Russell is probably. If you've been listening to pre-market, Paramount's probably our new favorite index it's taking over the S and P. And then as that through Russell's down at 1.7% today. Um, so some relative strength against the overall market in the, in the Russell.

That's not saying much, but yes. Yes. Relative strength compared to tech, um, 0.8%, not nothing. Um, wait Spencer, a shadow bill, big D in the chat, he's saying, call me crazy. Uh, he bought some data dog, November $140 calls is Datadog in that, um, ETF that you were talking about yesterday that has all the data centers and whatnot.

No, no, it's not. Uh, that ATF that I mentioned was, is Sr VR and it only owns it only. It only holds a server REITs that have servers. So like the physical server rooms, the actual, the actual facilities, not. Got it. Yeah. Makes sense. The a hundred, $104 calls expiring. I November on dogs. Yeah. So I like what I like is that you're really close to the strike price, essentially.

If they had a dog races, its gains or its losses from today, tomorrow you'll already be in the money. Um, so, you know, I like that the chart, I don't know. I mean, I don't, I never liked getting in calls on like consecutive red candles in a row. I'd rather see like one or two green candles showing that there's, um, you know, could be like a trend reversal.

And I don't mind like waiting for that trend. Like I'm not trying out there to catch any bottoms. I would want to see like a green candle or two and say like, okay, uh, we're seeing some buying come in. We're seeing some, you know, maybe institutions coming in and buying at this price. Um, so, so we shall see.

Well, you know, this is the Datadog Charlotte, let's go, that's coming to me and go back to the Spire. You can even go to the IWM look, the, the level that everyone and their neighbor is going to be looking at, obviously, right. His last Monday's low that's, that's the level that matters for right now. And this is the spinalis, let's go to the IWM, which, which I, I like more, um, what has actually outperformed spy, uh, relative in the last couple of days, which I haven't been able to see everyday.

So the IWM look it's right there, but what were the day? It was right there at the 50 day. Always interesting. When the moving averages I can support a resistance, right? So we're basically right off that 50 day moving average in the, in the Russell. Um, whereas in NVC, Michael, we don't know, we can only assume technical difficulties and not that they are blowing us off, but we will keep you guys apprised and let you know.

I'll tell you where they are there. Okay. Oh man. And in VCs at the dentist that, uh, yeah. Um, IPO F I, I know that's a spec, but I forget which one. Uh, wow. Hey, you know what, if you don't know, this is Gregory, Jerry, Jerry walk-ins anyone know what's up with IPLS today, Jerry walk-ins. I have no idea. Here's what I'm going to do.

You're ready. You go to pro with Dobbins and good.com you sign in and you go to the newsfeed, you type in. Can I get that right now? IP? Oh, there it is. Do we have any headlines in our news? but, but what is this? What is, uh, this company like merging with the, is there a, a linked company already? We have no press releases, no filings today.

No headlines out of IPO.

You find nothing. Mitch's right.

Yeah. Yeah. I don't know. No Mitch's saying no rumors out. He's our a resident. Well, he's our second residents back expert. There's rumor mongering. Oh, there's discord is the, so it's a trim off spec. I'm kind of off the, the Yamak train. I think if you look at a lot of the trim off companies over the past, uh, you know, since their peaks, a lot of them haven't been performing well, obviously, so fi um, is probably my favorite out of them.

Virgin galactic is decent as well. Um, but a lot, you know, Clover health has been kind of a dog. I don't know. I feel like Chamath has had his day in the sun and Jesse's absolutely right. You guys are asking the wrong guys about the specs. You got to ask Chris and Mitch on his back stack about that. Cause they are always like a day or two ahead.

They're always ahead of the trend. Well, here's the thing. So, so they're saying, so I guess shamatha is going on CNBC tomorrow, and people are speculating that he's going to announce the merger, a mouse mounts, the company that doesn't do much for me, you know, like I want to know what the company is first.

I want to be able to look into that company and see, um, you know, if I like the investment or not Spencer, the other thing, the other thing I'm going to throw your Benzinga pro back up on the screen. I'm watching Tesla today. Um, we had Chris Capri on get technical yesterday. And one thing that Chris Capri does that I love is he looks at the overall options flow of certain stocks.

And that's not like you can't just go out there and Google that data. You know, he, he buys it from, um, Oprah, I think is the vendor. And you say Oprah. Oprah, not like Oprah Winfrey, Oprah opera opera. Is that what's called? I said Oprah. I mean, I'm pretty sure he said Oprah yesterday. I don't know. Um, Shelley he's at the dentist should be coming on soon.

Um, no, he shouldn't because our next guest has already he's already here. Yeah. We'll bring Julie on in a minute, but, uh, we're back to Tesla back to Tesla. Um, Kurtz was seeing a lot of, uh, calls being bought the weekly calls that expired this Friday at the $800 level. Granted, this was yesterday at 2:00 PM.

So maybe they were doing it as more of like a day trade in and out. Um, but he was essentially saying the, the S the stock was showing strength, um, that it was a sign that these $800 calls were coming in, that there was like a, a more than likely chance that it hits 800 by the end of the week, obviously can get dragged down by the overall model.

But Spencer view, if you zoom out a little bit, like maybe on a, on a year long chart with the daily candles, we can just see how strong the stock has been since may, when it got all the way down to about $550. Um, it hasn't felt that way though. It hasn't felt maybe because we're used to Tesla, we're used to that.

Right. And, but it's been up 30% over the past. You're right. You're right. You're right. Hey, AB I want to ask you one quick question. Um, and then we'll go, we'll go to Julian here. Um, so Chris Capri saw some options buying some call buying in Tesla, right. And, and, and that corresponded with like, uh, this was yesterday.

So he, he was, he was saying that corresponded with this, right. I'm assuming, I've always wondered this. When you see big hall buying in a stock and then you see the stock go off. Afterwards, is that a case of everybody seeing the people, seeing the flow and piggybacking off of it and finding the stock or bidding it up?

Or is it a case of the actual market dynamics of the options market maker having to then go and well having to then go and, and hedge their position, um, and, and buy the stock? Or is it both, I've always wondered this. Well, I think when we're talking about the options flow, it's we have to look at like the big players, like what big institutions, what big hedge funds are doing.

And I don't think that a lot of those are looking and saying like, oh, Hey look, someone else bought $1,800 calls like we should too, but maybe they'll see, they'll use it. In addition to all the other data they're looking at and saying, Hey, This is a bullish sign or this is a bear sign. So I don't, I don't think it's one of those things where it just snowballs because like one person puts in a big order, but I do think they are looking at that data and saying, okay, like maybe there's 30% more calls and puts that's interesting.

We should look into that or that should go into our decision-making. Um, so I, I guess, um, you know, saying that, I think they look at it. I don't think it's like they're, uh, you know, by all means they're going just by that. If that makes sense. It's both, it's probably both, but I've just, you know, you often see a stock.

Uh, you'll see, first you'll see like a punch of big hall bang, hit the tape and you'll see the stock spike. And then what was wondered? Is it just people copying that, that big call buyer, or is it the actual dynamics of the options market and the market maker, having a hedge themselves that results in that?

I don't know. Maybe it's both anyway, AB who's our, who's the next. So we have, uh, Julian Phillips, who's the chief revenue officer of core connects. I'm going to pull up the website real quick. This is a, it's a very interesting, um, company, essentially, Spencer. I know we talked about alt investing earlier, but there are these companies out there that you can go to, to kind of, uh, you know, purchase shares of companies that are pre IPO.

And essentially what core connects does is they allow these companies that are raising money to raise that money directly. So they don't have to go to a website, like start engine. You can go directly to said company's website, um, and buy shares directly from them. Um, let me go ahead and bring Giuliani Julian.

Is, is that fair? Yeah, that's totally fair. Yeah. Thanks for the intro and a pleasure to be on the call today. Yeah, really? It looks really pretty where you are, where are you? This is just a little window it's up in Toronto. Uh, so yeah, we're enjoying a little bit of a sunshine before the fall weather kicks in.

So core connects, you're cutting out the middleman of an industry that cut out the middleman and in a way, yeah, I guess it's one of the analogies, but I mean, in the greater picture, it's, it's really, the movement began with the democratization of private capital markets, right? And so we saw an opportunity, our founders, Jason Fulco and Oscar Jofre.

They said at the time in 2016, Hey, there's a whole space here where we can actually help these private companies and even public companies. In some instances, uh, dive into these regulations that the sec has in order to raise money directly from their website and let's give them the technology to do. So, so Julian, you mentioned 2016.

Why, why was that a significant year? As far as the regulations go for, um, you know, fun. Absolutely. Yeah. Great question. It was basically back to, uh, the jobs act. Um, and so this piece of legislation really spurred on, uh, the movement that, um, finally took place. And now not to, to forget that there are these regulations, um, regulation, crowdfunding regulation, um, a, those, those types of regulations were in place, uh, for, you know, probably quite a few years beforehand, but the only real.

Traction and formalized once the jobs that kicked in and that kind of spurred on the sec amendments in these regulations in order to, uh, raise capital in private markets. So, so now we're seeing, and as of March of this year, actually we saw the limits on the particular fundraising, um, regulations increase.

So when you go to pundit funding, Cortals laces funding, portals, like, uh, you mentioned start engine, we fund a Republic. Uh, those are funding portals where typically they've raised up to 5 million. Um, well historically about 1.07 million and now 5 million. Uh, whereas now in the regulation, a space that you can raise up to 75 million.

So it's, it's a space that's growing, attracting a lot of institutional money, uh, and, and just kind of really allowing an ordinary investor like you and I to go in there, whether you're accredited or unaccredited. Retail money is in there. And that's, that's the, you know, the, the thing that I'm, I'm speaking about as well is it's an open opportunity to get in on companies at an earlier stage generally.

And so here you're, you're, you're looking at companies where, before it was only really accessible if you had high net worth, or if you had that access through a broker dealer or something to that nature. So Julian, let's talk about the core connect platform real quick. So essentially right now, there's a, it seems like there's a lot of, um, you know, like tools for companies, um, for partners.

W what about for retail investors? Do you see like a future where retail investors will be able to use core connects directly? It's maybe find some of these companies that are, that are raising money, or, um, what are the plans. Yeah. So, so today we're, we remain simply a technology platform we're built on blockchain technology.

So it's really, you know, positioning ourselves to be digital ready. And, and actually, you know, right now we're seeing a lot of shift to different digital assets as well. But, um, the main thing behind it is that at the end of the day, you know, whether it's NFTs or a different type of, you know, um, investment opportunity, it's a security, you know, a lot of times in terms of what the sec views it as it's a security at the end of the day.

And we want to position ourselves to be able to handle that security, not only from. You know, the investment onboarding process. So the pre raise that during the race, but also post race. We're ha we have the tools now for the investor to go in there, view their shares, have access to an ever-growing kind of roadmap of tools that we're going to be launching on the backend to, to look at the, their, their investments and, and when to perhaps, you know, do different strategic moves with them, but also open up opening up a secondary market.

So today in the private markets, the biggest thing that was missing, or perhaps the biggest integration that wasn't as fluid as it could be was the secondary market. And so now there's an ATS that's integrated for the first digital ATS that allows the investor to now have an off-ramp. If they need more liquidity for some of these investments that may have taken a five to 10 year horizon to do anything.

Wait, wait, you can't just say our company is built on a blockchain and then not elaborate on that. All right. Sure. Yeah, absolutely. So our, our, you know, our team actually had always envisioned that, you know, these securities need to move more freely. One of the things that we've positioned ourselves to build it on, um, the Hyperledger fabric, um, IBM's, uh, blockchain infrastructure.

So today we're operating a private, um, a permission-based private blockchain that allows for regulated entities. So when I talk about regulated entities, we're talking about those that are, um, I guess, companies that are regulated by their local regulatory body in their jurisdiction. So today we have 23 different like blockchain nodes around the globe that help, um, you know, meet the needs of the various regulators in those, those regions, but also help to write and, and, you know, write to the blockchain, all of the transactions that get posted.

Um, Julian. So I'm curious from kind of like a macro perspective. Have you seen any trends as far as you know, like companies that are raising money, what types of companies or any trends, I guess that you see you've been seeing, um, through the core connects platform? Yeah. I mean, we're seeing more and more, um, a lot of innovation in how.

Uh, the securities are being structured. So, you know, we, we, you know, real estate, one of these options that hasn't has always kind of been tapping into the private markets for a little while now. And, um, you know, with them, there's different structures of how they create, you know, their, their funds, uh, how they're actually, uh, leveraging different incentives and perks, because at this stage, different from the public markets in the regulation, a and regulation, CF you're allowed to access.

And actually add perks to the investment, to, to try to attract that investor. And so this is something where across all industries, we're seeing innovative ways of how they're incentivizing the actual investor. Um, an example in cases is one of our recent, um, issuers that we worked with was, uh, an, an electric vehicle company.

They actually incentivize not only with bonus shares, so a timed offering where in the first three days they were trying to get as much investment as possible. And so they incentivized, you know, in the first 12 hours you'd get 55% bonus shares and so on, uh, for the first three days, basically, And not only that they could use, perhaps, you know, their vehicle for, you know, once they launched their vehicle lineup, they could have a three, three month lease and you utilize the truck for three months.

So a lot of cool things like that, nature of that nature we've seen with, um, you know, many different industries. Um, the beer industry is another one where you can imagine getting a case of beer on your birthday, just because you invested into a company. So, so really cool things, um, just creative, um, and we're seeing trends like that, uh, happening all across.

Can you tell us who that Evie maker was? We, you sure can. Yeah. So that was Atlas motor vehicle. It's in the public space now, like in the public domain, so we can disclose that, but yeah, they, they're doing a great job, um, out of Mesa, Arizona, I believe so. Yeah. A great company, um, have a lot of traction and this is wasn't their first time going to the private markets, but they're now, um, you know, going out there, uh, again, uh, to, to raise another round.

Um, so Julian, I dunno if you're kind of at Liberty to say. Um, but have you personally invested in any of these companies that are raising money on core connect? Yeah, absolutely. I mean, not only when we empower, but just across different offerings as well, and you know, maybe a little bias built in here, but I've seen different flows in terms of how easy it is for folks like you and I to invest online.

Some are more transparent than others. Some are a little more clunky. We've tried to remove that friction. And really at the end of the day, allow the investor to just, you know, input. Here's my name, here's my address. This is who I am and uploading my information and, you know, going to the payment stage and signing, uh, electric doc electronic documents and submitting their info.

And so that whole process for me on core connects, you know, that takes like under two minutes. And then you're, you you've, you've created the investment. Then we, we have all the checks and balances in place for the broker dealer or the issuer to verify that the company. And then approve it and retreat payments, uh, their investment.

So it's all, it's all built in, in a nice flow. And from there, me as the investor, as welcomed into the core connects platform, I have a beautiful dashboard to look and, and understand where my investments are and all the, all the documents that you'd like to see. And it's pretty instantaneous. Beautiful.

Well, yeah, we were talking about earlier, the thing behind the thing, and it sounds like core connects is trying to be, you know, the thing behind the thing when it comes to, you know, reggae and crowdfunded, um, which, you know, as we talked about is pretty new as far as only, you know, five years since 2016.

So a lot of cool things happening at core connects. Thank you, Julian, for it, for hopping on with us. Oh, my pleasure guys. Keep up the great work and enjoying your banter back and forth with all your guests. It's awesome to see you guys growing as well. Yeah, we'll we'll, we'll have to, we'll have to get you back on, but thank you.

You know, you, you can be like our resident expert when it comes to crowdfunding

and we're not too far from Toronto, so you gotta come down to Detroit sometime check out the office. Oh, for sure. You know, maybe once we would love to go visit you, but we're not allowed on the country. I don't think Canada wants you are now, but, uh, yeah, they finally opened up Aaron and I specifically, you're not allowed.

Well that's cause that's like a real thing. They're going to think we

have a great one. Thank you. All right. AB. Like we may or may not work with some people in the office that actually can't go to Canada, that people are going to believe it in all seriousness. The very first time we did a cannabis conference in Toronto, 2017, I want to say, uh, we, and, and you know, you go to the airport or no.

Well, you, you, you land right in Toronto and they ask you why you, why are you in the country? Um, and, uh, I forget what they told us, but this was like the day, usually the week after. Cannabis was legalized. They basically were like, don't say you're going to claims conferences. Basically when people coming there just for there, we were advised, you just, don't say you're here for a conference on cannabis or marijuana.

Cause they won't like that. And I was all right, I'm not gonna say, um, Jesus walks on water is saying market crash. Incoming. We talked about this yesterday. Spencer, if you keep saying it eventually, um, Jesus walks on water. I'm most interested in whether the market's going up or down and more interested in what are you going to do about it?

Jesus walks on water. It's all right. So, so, so you're going to call for a crash. And then what, what, what do you do about it? You're going to put your money where your mouth is short. The marble. I'm not even saying that it's it's it's w w what is your plan? Seriously? Do you have a plan? I think, I think that if you say a market crash is incoming, you should be legally mandated that you have to shorten the mark.

So all your. You have to like buy spy puts, and that way, if you're wrong, you lose money. If you're right, you make money. Yeah. You got it. All right. It's one. O'clock AB why don't you go get Neil Hamilton going on, on get technical and w w and the show today with a trailer for our next small cap conference, which is tomorrow, wait real quick.

Spencer w we have, uh, we had Tim Quas from market structure edge coming on, get technical. Um, and I think today's a perfect day to talk to Tim. Cause we'll be able to go over kind of market sentiment. Um, see how people are feeling about the markets overall. What time I don't leave. We we've got nano varieties here.

I'm just kidding. No, we don't. Did you say that right? I don't know. Someone said that. I said nano vermicelli earlier. I thought that was pretty funny. Yeah. Right here, James James Pearson and NBC was a no-show AB called it nano vermicelli and they got. That's it. All right, everyone, uh, get technical is alive right now.

Check out our health care conference tomorrow guys, tomorrow, small cap, healthcare stocks. Uh, these are emerging companies and biotech and healthcare. Uh, we have so much interest in this. It's a two day conference with two tracks, two tracks, two days. It's four tracks. There's a lot of companies that are going to be presenting tomorrow and Thursday.

Here is just a preview of what you can.

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