Latest / The Paul Barron Crypto Show / Gary Gensler Returns To Stop China Delistings🔥Crypto Market Update

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Gary Gensler Returns To Stop China Delistings🔥Crypto Market Update · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Gary Gensler is back and he's here to support China.
• 0:08
  Speaker 2: We'll break it down for you.
• 0:09
  Speaker 1: My name is Paul Barrel, welcome back in the tech path.
• 0:11
  Speaker 1: I do want to thank our sponsor and that is Tangum.
• 0:14
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• 0:27
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• 0:29
  Speaker 1: crypto off of exchanges.
• 0:30
  Speaker 2: Guys.
• 0:31
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• 0:37
  Speaker 1: I use it. It's definitely one for you guys to get,
• 0:40
  Speaker 1: so check it out. Let's go over to a couple
• 0:42
  Speaker 1: of points right now. Breaking coming in from kobeec US
• 0:46
  Speaker 1: officials are planning to use negotiations with seventy plus nations
• 0:49
  Speaker 1: to ask them to disallow China to ship.
• 0:53
  Speaker 2: Goods through their country.
• 0:54
  Speaker 1: So this would change things dramatically if we get a
• 0:58
  Speaker 1: dog pile of pro coach to Chinese goods and would
• 1:03
  Speaker 1: maybe align the US in terms of a global trade
• 1:07
  Speaker 1: structure that could look quite different, which means more manufacturing
• 1:12
  Speaker 1: and other things in other countries that are now starting
• 1:15
  Speaker 1: to play ball with the US, including Japan, Korea, and
• 1:19
  Speaker 1: of course even Cambonia was talking about this Bangladesh. We've
• 1:21
  Speaker 1: started to see a lot of new manufacturing nations start
• 1:24
  Speaker 1: to deploy play into what Trump is trying to pitch.
• 1:28
  Speaker 1: This is so hard. The Chinese small businesses now have
• 1:31
  Speaker 1: brought to a standtil standstill by Trump's tariffs. And the
• 1:35
  Speaker 1: question will be a couple of things.
• 1:38
  Speaker 2: When you look at.
• 1:39
  Speaker 1: The and I don't know what the current data is
• 1:42
  Speaker 1: in terms of overall GDP by small business in China.
• 1:45
  Speaker 2: Here in the United States, it's quite large.
• 1:47
  Speaker 1: But if you look at their position right now, we're
• 1:50
  Speaker 1: worried if Trump does not change his mind, that it
• 1:52
  Speaker 1: will be a dangerous thing for our factories. This of
• 1:55
  Speaker 1: course coming in from a lot of these small businesses
• 1:58
  Speaker 1: her key buyers, including Walmart also in the US. We've
• 2:01
  Speaker 1: stopped production already, she says. All the products are in
• 2:04
  Speaker 1: the warehouse, so everything has come to a standstill. The
• 2:07
  Speaker 1: question is how much pain can China take.
• 2:09
  Speaker 2: On this.
• 2:12
  Speaker 1: In lieu of you have to remember China does a
• 2:14
  Speaker 1: lot of subsidies for their major business. As a matter
• 2:17
  Speaker 1: of fact, most of their manufacturing is subsidized. The United
• 2:21
  Speaker 1: States does not do that. And if China doesn't layer
• 2:24
  Speaker 1: this down into their small business ecosystem, we could see
• 2:30
  Speaker 1: some pretty big impacts. So this most likely has a
• 2:32
  Speaker 1: large amount of jobs that could play into this. I
• 2:35
  Speaker 1: want to go to a clip right quick. This is
• 2:37
  Speaker 1: Gavin Newsom saying maybe I need to step aside and
• 2:41
  Speaker 1: do something specific for tariffs.
• 2:43
  Speaker 3: Take a look today, I ask a lawsuit on behalf
• 2:46
  Speaker 3: of the state of California is suing the Trump administration.
• 2:49
  Speaker 3: California is the largest manufacturing state in our Union, one
• 2:53
  Speaker 3: of the largest training partners around the globe. No state
• 2:57
  Speaker 3: will be impacted more than the state of California relates
• 3:00
  Speaker 3: to the unilateral authority that's been asserted by the Trump
• 3:04
  Speaker 3: administration to impose the largest tax increase in modern American history.
• 3:09
  Speaker 4: It hasn't been filed quite yet the complaint, but it
• 3:11
  Speaker 4: does appear that Gavin Newsom is trying to make this
• 3:13
  Speaker 4: argument that the tariffs against Mexico, Canada and China that
• 3:16
  Speaker 4: initial batch are harming consumers and businesses. We should say that,
• 3:21
  Speaker 4: of course, this is coming as a challenge to how
• 3:23
  Speaker 4: the President invoked IPA, the International Emergency Economics Powers Act,
• 3:27
  Speaker 4: and we've actually have seen some other lawsuits against this
• 3:31
  Speaker 4: when it comes to the so called reciprocal tariff plan
• 3:33
  Speaker 4: on two basis. One that the emergency evoked for that
• 3:36
  Speaker 4: which would be the trade and balances, doesn't rise to
• 3:39
  Speaker 4: the level of national emergency. In this case, it would
• 3:42
  Speaker 4: appear that California is saying that the fetanyl and immigration
• 3:46
  Speaker 4: might not rise to the level of the emergency. And then,
• 3:49
  Speaker 4: of course the second part of this is that AIPA
• 3:51
  Speaker 4: actually doesn't explicitly state that tariffs can be evoked. So
• 3:54
  Speaker 4: those are potentially two legal paths that we could see
• 3:57
  Speaker 4: happen here. But we should also importantly say that in
• 4:00
  Speaker 4: the past, the courts and the justice system has really
• 4:03
  Speaker 4: broadly given presidents the authority to invoke national emergencies and
• 4:07
  Speaker 4: often sides with them in these cases.
• 4:10
  Speaker 1: Yeah, I think that will be the case right now
• 4:13
  Speaker 1: from a federal tariff standpoint, is that the states will
• 4:16
  Speaker 1: most likely just fall in line California. This is more
• 4:19
  Speaker 1: of a posturing situation, which Newsom is really good at
• 4:22
  Speaker 1: in terms of posturing. Right now quite possibly going to
• 4:25
  Speaker 1: be running on the ticket very soon. So you've got
• 4:28
  Speaker 1: other senators and congressmen out there pushing against China.
• 4:33
  Speaker 2: This is Rick Scott.
• 4:34
  Speaker 1: Of course, he announced a bill package that is going
• 4:36
  Speaker 1: to be designed to protect investors American investors and crack
• 4:40
  Speaker 1: down on the exploitation of a lot of Chinese companies.
• 4:44
  Speaker 1: And mainly this is around disclosure. It's the same kind
• 4:48
  Speaker 1: of framework that American companies have to abide by, even
• 4:51
  Speaker 1: international companies have to trade on our stock exchange. China
• 4:56
  Speaker 1: has not necessarily been forthcoming. This is something that has
• 4:59
  Speaker 1: been worked on for quite some times. This came from
• 5:02
  Speaker 1: a tweet right here from Scott saying congratulations Trump's nominie
• 5:06
  Speaker 1: for the SEC chair Paul Atkins, this of course being
• 5:09
  Speaker 1: the situation where Paul Atkins, if you'll remember, has also
• 5:12
  Speaker 1: already been on record saying that he is interested in
• 5:16
  Speaker 1: getting the Chinese companies delisted primarily because of their trading tactics.
• 5:20
  Speaker 1: So this could mean a lot of the Chinese companies
• 5:25
  Speaker 1: could start to disappear off of the S and P
• 5:27
  Speaker 1: five or the New York Stock Exchange.
• 5:29
  Speaker 2: This will be a big deal.
• 5:30
  Speaker 1: And I think this is a completely separate issue than tariffs,
• 5:35
  Speaker 1: because it is more of a regulatory alignment of how
• 5:39
  Speaker 1: companies have to act to be able just to trade
• 5:41
  Speaker 1: on stock exchange that I think will go through.
• 5:44
  Speaker 4: Now.
• 5:44
  Speaker 1: It's very possible also that this could be incorporated somehow
• 5:49
  Speaker 1: into a tariff negotiation that I would not like because
• 5:53
  Speaker 1: even though the SEC, I mean, listen, there's inside trader
• 5:56
  Speaker 1: going all the time, trading going all the time, there's
• 5:58
  Speaker 1: a lot of companies that are out abiding by.
• 6:00
  Speaker 2: The rules that the SEC overlooks.
• 6:02
  Speaker 1: Yes, we see that, but to do it kind of
• 6:06
  Speaker 1: lockstock like what we're seeing right now with these Chinese
• 6:08
  Speaker 1: companies would be the key. Now, Gary Ginsler has come
• 6:12
  Speaker 1: back to say, I think there might be a better way.
• 6:15
  Speaker 2: Here's my opinion. Take a look.
• 6:18
  Speaker 5: But China for twenty years was not really following out rules.
• 6:23
  Speaker 5: But we were successful negotiating with China that they behaved
• 6:28
  Speaker 5: and they followed the rules, and we treated China with
• 6:32
  Speaker 5: respect but with firmness, and as long as I was there,
• 6:36
  Speaker 5: they entered into a fifty page agreement and they have
• 6:40
  Speaker 5: been abiding by those agreements.
• 6:43
  Speaker 1: You know, it's so interesting coming from the guy who's
• 6:46
  Speaker 1: been delisting crypto companies left and right, you know, in
• 6:50
  Speaker 1: terms of just being able to, at least regulatory wise,
• 6:54
  Speaker 1: there is framework in place for stock companies to trade
• 6:58
  Speaker 1: a publicly traded stock, and that I think is kind
• 7:02
  Speaker 1: of the two face scenario that plays out with Gensler
• 7:05
  Speaker 1: not a fan of what he's talking about, and again
• 7:07
  Speaker 1: he is really wrong here. This is O'Leary coming in
• 7:11
  Speaker 1: and explaining exam Now, this is actually what's happening right now.
• 7:14
  Speaker 2: Take a look.
• 7:16
  Speaker 6: If you go and look on the NASDAQ or the
• 7:18
  Speaker 6: New York Stock Exchange, there's eight hundred billion dollars worth
• 7:21
  Speaker 6: the market capitalization of Chinese companies that don't comply by
• 7:24
  Speaker 6: American gap laws.
• 7:25
  Speaker 2: I have to comply.
• 7:27
  Speaker 6: I have to pay millions of dollars to actually comply
• 7:29
  Speaker 6: with the rules of the SEC and all the other regulators.
• 7:32
  Speaker 6: The Chinese guys don't, and they get to raise money.
• 7:34
  Speaker 6: So when I'm trying to raise dollars, I'm competing with
• 7:36
  Speaker 6: the Chinese company that doesn't even comply. I mean, how
• 7:39
  Speaker 6: is that even legal?
• 7:41
  Speaker 3: Donald Trump said your speed dial? Does he get this? Yes?
• 7:44
  Speaker 6: And the good news there is they just brought a
• 7:46
  Speaker 6: new sheriff into town. His name is Paul Atkins. He's
• 7:50
  Speaker 6: the new head of the SEC and he will finally
• 7:54
  Speaker 6: make these companies comply. There's a law on the books
• 7:57
  Speaker 6: that was brought out up four years ago by Rick Scott,
• 8:00
  Speaker 6: Senator from Florida that says, if you're a Chinese company
• 8:02
  Speaker 6: you're not complying with GAP, you have twenty four thirty
• 8:05
  Speaker 6: six months to apply. Then he's tightened the law, made
• 8:07
  Speaker 6: it twenty four months and if you don't apply, you're delisted.
• 8:09
  Speaker 6: So I'm asking and I went to the Hill last week.
• 8:13
  Speaker 6: I said to Atkins.
• 8:14
  Speaker 2: Hey, are you going to force this law?
• 8:17
  Speaker 6: And he said, yeah, We're going to start delisting these
• 8:18
  Speaker 6: companies finally. And that Rick Scott sent him a letter
• 8:21
  Speaker 6: he made public last week saying, hey, look, do your job,
• 8:24
  Speaker 6: because if you don't, I'm going to make a lot
• 8:26
  Speaker 6: of noise. And I think that's what Atkins is going
• 8:28
  Speaker 6: to do.
• 8:30
  Speaker 1: That could be the first thing we see come out
• 8:32
  Speaker 1: of the SEC and Paul Atkins's office is a delisting
• 8:36
  Speaker 1: of these Chinese stocks. Now, Gary Ginsler talks about this
• 8:39
  Speaker 1: a little further around the time frame, because ninety days
• 8:42
  Speaker 1: is kind of where we are right now, and whether
• 8:44
  Speaker 1: or not this is going to end, well, take a look.
• 8:48
  Speaker 5: I think it's not going to end well, Andrew. I
• 8:51
  Speaker 5: think it's it's going to be a bit of a quagmire.
• 8:54
  Speaker 5: My experience is that they're tough negotiators, don't get me wrong,
• 8:59
  Speaker 5: and they're looking out for their advantage. But the best
• 9:03
  Speaker 5: way to handle the situation is to be consistent, to
• 9:08
  Speaker 5: be honorable and treat them with dignity, and to take
• 9:11
  Speaker 5: the toughest messages private and one on one. And they
• 9:16
  Speaker 5: sort of think that they time is on their side.
• 9:19
  Speaker 5: I'm not saying it always is, but that's how they
• 9:22
  Speaker 5: think is time's on their side and they can outweigh
• 9:25
  Speaker 5: the volatility of the policy on the other side. But
• 9:29
  Speaker 5: I don't think it's going to be that easy. I
• 9:31
  Speaker 5: think ninety days to kind of negotiate with dozens of countries,
• 9:36
  Speaker 5: big consequential agreements, and then China is watching all this,
• 9:41
  Speaker 5: and don't forget the real instability for businesses and thinking
• 9:47
  Speaker 5: about their investments. They're pulling back. They have to be
• 9:51
  Speaker 5: much more careful about their investments. And then don't forget
• 9:54
  Speaker 5: about the deep instability in the stock market and the
• 9:58
  Speaker 5: US treasury markets are some of our considerations, of course,
• 10:03
  Speaker 5: as our economy weekends and our markets are far more uncertain, all.
• 10:09
  Speaker 1: Right, So I don't know if I agree with that
• 10:10
  Speaker 1: in the sense that they have time on their hands,
• 10:13
  Speaker 1: because I feel like they have because of the trade
• 10:15
  Speaker 1: imbalance right now. Remember they're almost five to one on
• 10:18
  Speaker 1: trade to the US versus US to China. And if
• 10:21
  Speaker 1: you if you start to see a weakening of supporting
• 10:24
  Speaker 1: of those companies, which we're already starting to see coming
• 10:26
  Speaker 1: out of the Trump administration, eventually this is going to
• 10:29
  Speaker 1: press I would say.
• 10:31
  Speaker 2: On the other side.
• 10:32
  Speaker 1: Now, granted, yeah, there's always certain sectors of the industry
• 10:35
  Speaker 1: that most likely will get affected, but this is just
• 10:38
  Speaker 1: another blow has nothing to do with tariffs in terms
• 10:42
  Speaker 1: of how these stocks are going to play out on
• 10:44
  Speaker 1: the New York Stock Exchange and whether or not they
• 10:46
  Speaker 1: can just even come to the level of regulatory alignment
• 10:50
  Speaker 1: that every other company on elicted on the Stock Exchange
• 10:54
  Speaker 1: has to abide. Bye to O'Leary's point, Now he gets
• 10:57
  Speaker 1: into another statement in here. This is Gensler where he
• 11:02
  Speaker 1: starts to talk about, now the betting markets.
• 11:05
  Speaker 2: This is so crazy.
• 11:06
  Speaker 1: Take a look how they're on robin Hood.
• 11:09
  Speaker 7: You can bet on sports outcomes. It's kind of getting
• 11:11
  Speaker 7: you close to the sports betting piece of it. But
• 11:12
  Speaker 7: prediction markets would be kind of a fun to look,
• 11:15
  Speaker 7: be fun if CNBC could host prediction markets, you know,
• 11:17
  Speaker 7: should we be able to, should they be broadly legal
• 11:19
  Speaker 7: in this country?
• 11:22
  Speaker 5: Well, Kelly, I used to be honored to share another agency,
• 11:25
  Speaker 5: the Commodity Futures Trading Commission, and we told a lot
• 11:28
  Speaker 5: of look at that ten fifteen years ago, and I
• 11:30
  Speaker 5: know more recently, and I think that it does help
• 11:34
  Speaker 5: people hedge certain risk. If you're hedging a risk of
• 11:38
  Speaker 5: weather events and you're hedging a risk with regard to
• 11:43
  Speaker 5: non non traditional financial risk and so forth.
• 11:46
  Speaker 8: Will it just be fun?
• 11:47
  Speaker 7: Do you have to give a sedge a risk? Could
• 11:49
  Speaker 7: I just pay, you know, spend a dollar saying this
• 11:51
  Speaker 7: is what I think is going to happen with I
• 11:53
  Speaker 7: don't know, March madness.
• 11:55
  Speaker 2: Dictator risks.
• 11:58
  Speaker 5: No, No, I understand that, and I think that it
• 12:01
  Speaker 5: can be fun. I get it, and it can be fun.
• 12:05
  Speaker 1: Gary Gensler said, it can be fun.
• 12:08
  Speaker 2: What's going on? Man?
• 12:09
  Speaker 1: He's now out there, tieless man, just living the life.
• 12:12
  Speaker 1: I guess Gary. One thing to take a look at, though,
• 12:15
  Speaker 1: back on tariffs is you've got to look at the
• 12:17
  Speaker 1: pressure coming in from China. Let me kind of zoom
• 12:19
  Speaker 1: in on that for you guys, or excuse me from Japan.
• 12:22
  Speaker 1: Japan's government pension fund now says it switched its foreign
• 12:25
  Speaker 1: equities investment benchmark to exclude domestic Chinese shares, So they've
• 12:32
  Speaker 1: already made the move. I imagine that we're most likely going
• 12:35
  Speaker 1: to see that starting to make its way into the
• 12:39
  Speaker 1: strategies right now fund managers, probably immediately as we start
• 12:44
  Speaker 1: to see the pressure escalate on this delisting as we
• 12:47
  Speaker 1: go forward. All right, I want to go to one
• 12:48
  Speaker 1: more clip here. This is Trump versus China on the
• 12:51
  Speaker 1: trade deficit.
• 12:52
  Speaker 2: Take a look.
• 12:53
  Speaker 8: He's not going to balance the budget the trade deficit.
• 12:55
  Speaker 8: Balancing the trade deficit would take a multi year recession.
• 12:58
  Speaker 8: I think there is an inconsistency of what he trying
• 13:00
  Speaker 8: to deliver. You cannot have a much narrower trade deficit
• 13:04
  Speaker 8: and to have lower bond yields and have a weaker dollar.
• 13:08
  Speaker 8: That is an impossible and.
• 13:10
  Speaker 7: Have a government deficit of eight percent of GDP.
• 13:13
  Speaker 8: Right that something has to break there absolutely. And also
• 13:16
  Speaker 8: as much as countries are queuing up apparently to say
• 13:20
  Speaker 8: that they will invest more in the US, and we've
• 13:22
  Speaker 8: had announcements from Japan and Taiwan. Actually, if you are
• 13:26
  Speaker 8: investing now, and I remember a lot of countries have
• 13:28
  Speaker 8: been investing in the US for the last three years,
• 13:31
  Speaker 8: helped by the Inflation Reduction Act and the Chips Act.
• 13:34
  Speaker 8: But now if you're building plant in the US, you're
• 13:37
  Speaker 8: paying tariffs on a lot of the building materials and
• 13:40
  Speaker 8: other areas that you are doing. So he is making
• 13:43
  Speaker 8: the costs of producing in the US more expensive, and
• 13:47
  Speaker 8: particularly as we go into twenty twenty six, you are
• 13:50
  Speaker 8: going to see a lot of those savings going into
• 13:54
  Speaker 8: European investments. And there's still a lot of credibility in
• 13:58
  Speaker 8: US institutions into terms of perhaps not the same yields
• 14:01
  Speaker 8: that you got out of the US, but you don't
• 14:03
  Speaker 8: have the same growth performance in the US uncertainty and
• 14:09
  Speaker 8: I guess conviction that the US dollar is going to
• 14:12
  Speaker 8: be persistently strong now the euro is actually a bit stronger, all.
• 14:16
  Speaker 1: Right, So that I kind of agree with that in
• 14:18
  Speaker 1: the position that yes, there are some trickle down effects
• 14:21
  Speaker 1: on how this is going to roll into a lot
• 14:23
  Speaker 1: of the manufacturing that could be brought stayside. But really,
• 14:27
  Speaker 1: when you look at the situations that play out with
• 14:30
  Speaker 1: a lot of these I think is going to boil
• 14:32
  Speaker 1: down to one simple thing, and that is whether or
• 14:35
  Speaker 1: not Trump will hold through on this, because that is it's.
• 14:39
  Speaker 2: Kind of a situation right now, who's going to flinch first.
• 14:42
  Speaker 1: I think that they are going to come to an
• 14:44
  Speaker 1: agreement and I think this has all been a negotiation
• 14:47
  Speaker 1: ploy now. Granted, I know a lot of people are saying, man,
• 14:49
  Speaker 1: there's a lot of irons in the fire for this
• 14:51
  Speaker 1: just to be negotiations. But I think they are going
• 14:53
  Speaker 1: to back off these now. Granted, it's still showing up
• 14:57
  Speaker 1: as one of the most highest in terms of volatility
• 15:01
  Speaker 1: US Economic Policy Uncertainty Index source to its highest level
• 15:04
  Speaker 1: in history. This is where it gets crazy because that
• 15:08
  Speaker 1: slows the market down dramatically. A lot of investors as
• 15:12
  Speaker 1: well as a lot of companies are pausing much of
• 15:16
  Speaker 1: their strategies because they're kind of in a wait and
• 15:18
  Speaker 1: see moment to see how the White House is going
• 15:21
  Speaker 1: to close this deal. This can't go on for much
• 15:25
  Speaker 1: longer because I think the pressure on the White House
• 15:27
  Speaker 1: is going to get a little bit out of control.
• 15:29
  Speaker 1: And that's what worries me is when the pressure comes in,
• 15:32
  Speaker 1: Trump is one of those who reacts not well to
• 15:36
  Speaker 1: when he is wrong, and he kind of doubles down.
• 15:39
  Speaker 1: So how much pain can he go through? I've been
• 15:41
  Speaker 1: surprised at how much pain he can go through in
• 15:43
  Speaker 1: the past. If you read his book, he went through
• 15:45
  Speaker 1: a lot of pain during these negotiations, but he held
• 15:48
  Speaker 1: The difference is is now he's doing it with the
• 15:51
  Speaker 1: American people going through pain, So maybe the response is
• 15:54
  Speaker 1: going to be a little bit different. Again, there's a
• 15:57
  Speaker 1: lot of different working parts here that still are yet
• 16:00
  Speaker 1: to go, and I think everybody's looking at it right now,
• 16:03
  Speaker 1: maybe on a little bit more short term alignment. How
• 16:06
  Speaker 1: should you play the market if you're looking at it
• 16:08
  Speaker 1: today over the next sixty ninety days, because we're in
• 16:12
  Speaker 1: a very interesting state of flux right now.
• 16:16
  Speaker 2: We had this guy on the show not too long ago.
• 16:18
  Speaker 1: He's an analyst by the name of Christophermilion, and he
• 16:21
  Speaker 1: has different analysis.
• 16:22
  Speaker 2: Take a look.
• 16:23
  Speaker 9: I don't think we're going to go down in April.
• 16:25
  Speaker 9: I do think the market is set to bounce for
• 16:28
  Speaker 9: a few weeks. But I do think maybe the sell
• 16:30
  Speaker 9: in May and go away. We'll come into play from
• 16:32
  Speaker 9: where prices right now. On the SP five hundred, we
• 16:35
  Speaker 9: could drop about sixteen percent. That would be the next
• 16:37
  Speaker 9: pivot low on the chart, and that's what the fibonacci
• 16:40
  Speaker 9: and the short term technicals right now are pointing to.
• 16:44
  Speaker 9: With that said, the caveat is, I do believe it's
• 16:46
  Speaker 9: popped and it's putting in a little pattern here and
• 16:48
  Speaker 9: it is going to try and push higher. So as
• 16:51
  Speaker 9: if it does that, we have to reanalyze and recalculate.
• 16:54
  Speaker 9: But there could be a sixteen percent drop over the
• 16:57
  Speaker 9: next couple weeks. To be honest, that's what happened in
• 17:00
  Speaker 9: two thousand and eight. It actually would reverse like right
• 17:03
  Speaker 9: now and hit those new lower loves and then put
• 17:06
  Speaker 9: in a multi month bounce. So it said, this is
• 17:09
  Speaker 9: why we're on the sidelines. There are massive mixed signals, all.
• 17:13
  Speaker 1: Right, So sidelines massive mixed signals. What he's looking at
• 17:17
  Speaker 1: right there was the SPX. So if it does come
• 17:21
  Speaker 1: off the top sixteen percent, he's talking about around a
• 17:24
  Speaker 1: forty five hundred SMP. So that's a problem, but it
• 17:27
  Speaker 1: could be good for bitcoin because we're holding at eighty
• 17:30
  Speaker 1: five right now sideways for about four days here. If
• 17:33
  Speaker 1: that were to jump up to ninety, let's take a
• 17:35
  Speaker 1: look at the ninety five range from where we're trading
• 17:38
  Speaker 1: just right now. I'm talking about a thirteen percent move here,
• 17:41
  Speaker 1: so that would be significant in terms of the market.
• 17:44
  Speaker 1: It would heat up the all coins very quickly. I
• 17:48
  Speaker 1: kind of agree with him. If that were to occur,
• 17:50
  Speaker 1: may would be a possible pullback. That's again if you're
• 17:53
  Speaker 1: not financial advice, but if you're trading in and out
• 17:56
  Speaker 1: doing things like that, if you're looking long term, all
• 17:58
  Speaker 1: of this is really just whether the tariff war look
• 18:01
  Speaker 1: to twenty six and twenty seven on your exits. Many
• 18:05
  Speaker 1: people are playing the game right now and they're looking
• 18:08
  Speaker 1: for small entries based on these market retraces as they
• 18:12
  Speaker 1: start to happen.
• 18:13
  Speaker 2: We're going to.
• 18:14
  Speaker 1: Continue to give you guys, of course, a full analysis
• 18:17
  Speaker 1: of all this. We'll get back to our trading videos
• 18:20
  Speaker 1: and also some of our breakdowns. We've got a lot
• 18:22
  Speaker 1: of stuff coming in this week, so make sure and
• 18:24
  Speaker 1: subscribe to the channel right now. If you're not the
• 18:26
  Speaker 1: Diamond Circle, get in on that. It's our free email group,
• 18:29
  Speaker 1: and of course get in on the Telegram group. It's
• 18:31
  Speaker 1: free as well. Follow me on x at Paul Barrett.
• 18:33
  Speaker 1: We'll catch next time right here.
• 18:34
  Speaker 2: On tech path