Bear Market Alert: The Sell-off Is On!

Table of Contents:

1. Introduction
2. Filming Soon with Todd
3. Live Episode and Tough Connections
4. Spending Time at the Michigan Facility
5. The Market Update
6. Bear Market and Sell-Off
7. Amazon's Earnings Miss and Stock Plunge
8. Market Performance: Dow, Nasdaq, and S&P
9. Bitcoin and Ethereum Prices
10. Real Estate Market and Interest Rates
11. Finding Safe Havens for Fiat Currency
12. Risk On Convention and Special Guest Speaker
13. Risk On Business Platform Launch
14. Virtual Attendance for the Risk On Conference
15. Jason's Commentary on the Market
16. Opportunities in Bear Markets
17. Investing Strategies in Uncertain Times
18. Bitcoin Mining Progress and Data Center
19. Conclusion and Sign-off from Alabama

Filming Soon with Todd

In this episode of Risk On, Todd expresses his anticipation for upcoming filming plans. However, technical difficulties have caused connection issues, making it difficult for the team to get the Show started smoothly.

Introduction

Todd initiates the episode by announcing their live status and welcoming viewers to Risk On, the number one source for market insights and updates. Although they face some challenges with their connection, Todd remains determined to Continue the episode.

Live Episode and Tough Connections

Apologizing for the shaky start, Todd explains that they are experiencing tough connections. Despite the technical issues, he introduces his co-host, Crypto Joe, and mentions that they are filming from the Barber Motorsports Park in Alabama.

Spending Time at the Michigan Facility

Crypto Joe reveals that he has been spending a significant amount of time at the Michigan facility, leaving him away from home for nearly two weeks. He discusses the excitement surrounding the installation of multiple miners during his absence.

The Market Update

The market update provides a snapshot of the Current market conditions. Todd shares his observations on the pattern of rally and sell-off, particularly in relation to the GDP numbers released by the Biden administration. He expresses his concern for big caps and notes that the sell-off seems to be affecting not only small caps and micro caps but also major companies like Amazon.

Bear Market and Sell-Off

Todd emphasizes the significance of the recent sell-off, citing the sharp decline in Amazon's stock price as an example. He highlights the substantial drop in Amazon's share price and attributes it to the company's missed earnings. Investors can now purchase a share of Amazon for significantly less, signaling a bear market for the stock.

Market Performance: Dow, Nasdaq, and S&P

Discussing the market performance, Todd notes the significant sell-off across major indices. The Dow experienced a heavy drawdown of 937 points, representing a decline of 2.77%. The Nasdaq and S&P were also affected, with the Nasdaq dropping by 4.17% and the S&P down by 3.63%.

Bitcoin and Ethereum Prices

Crypto Joe provides an update on the prices of popular cryptocurrencies – Bitcoin and Ethereum. He mentions that Bitcoin is currently priced at $38,381, while Ethereum is valued at $2,792. Despite the bearish market conditions, Crypto Joe remains optimistic about Bitcoin's long-term potential.

Real Estate Market and Interest Rates

In light of the challenging market conditions, Todd discusses the limited options available for investors seeking safe havens for their fiat currency. He suggests considering tangible assets like commodities, cautioning against investing in real estate due to an anticipated market crash. Todd believes that interest rates are skyrocketing, further supporting his cautious stance on real estate investments.

Finding Safe Havens for Fiat Currency

Continuing on the topic of safe havens, Todd advises viewers to be cautious with fiat currency due to its declining value. He cites the real consumer price index (CPI) to be around 17 percent, implying that fiat currency is losing its purchasing power. Todd concludes that finding alternative investments, such as gold and silver, may provide protection against this devaluation.

Risk On Convention and Special Guest Speaker

Todd and Crypto Joe reveal their excitement for the Risk On Convention taking place from May 12th to May 15th. They promise attendees a special guest speaker that will be announced the following week. Anticipating an incredible closing speech, Todd encourages viewers to attend the Risk On Convention to meet this influential individual.

Risk On Business Platform Launch

Announcing a new addition to their offerings, Todd reveals the launch of the Risk On Business Platform. This platform seeks to provide valuable insights and resources to entrepreneurs and business owners. Todd emphasizes the importance of continuously learning and growing to Scale one's business successfully.

Virtual Attendance for the Risk On Conference

Recognizing the limited in-person slots available for the Risk On Conference, Todd encourages virtual attendance as an alternative option. He assures potential attendees that the virtual experience will be just as rewarding, providing an opportunity to learn and network with other like-minded individuals.

Jason's Commentary on the Market

Jason shares his thoughts on the market, expressing a bearish sentiment. As he observes significant layoffs in the mortgage sector, particularly with Wells Fargo, Jason advises caution with investments in companies like Robinhood. He adds that liquidity may be a concern for Robinhood, and he recommends waiting for more stability before considering an investment.

Opportunities in Bear Markets

Despite the market's challenging state, Todd highlights the importance of identifying investment opportunities during bear markets. He shares his personal strategy of investing in beat-up companies that Align with his long-term vision. Todd encourages viewers to consider owning a part of great American and international businesses to build a diversified portfolio.

Investing Strategies in Uncertain Times

Expanding on his investment strategy, Todd emphasizes the significance of owning businesses rather than simply trading stocks. He encourages viewers to approach investing with a long-term perspective, focusing on acquiring businesses that align with their investment thesis. By doing so, investors can weather uncertain market conditions and potentially turn a bear market into an opportunity for growth.

Bitcoin Mining Progress and Data Center

Turning the conversation towards Bitcoin mining, Crypto Joe discusses the progress made at their data center. He mentions the Continual growth in mining operations, with thousands of new machines being added each month. Despite the challenges faced during the episode, Crypto Joe emphasizes their commitment to mining more Bitcoin at better prices.

Conclusion and Sign-off from Alabama

Signaling the end of the episode, Todd thanks viewers for their understanding regarding the technical difficulties. He concludes by reminding everyone to attend the Risk On Conference and expresses his eagerness to connect with viewers on the following Monday. The episode concludes with a hopeful and upbeat message urging viewers to stay safe and positive in these uncertain times.

Highlights:

1. Technical difficulties during the live episode from Alabama
2. Market sell-off and Amazon's stock decline
3. Bitcoin and Ethereum prices during the bearish market
4. Safe havens for fiat currency amidst rising interest rates
5. Excitement for the Risk On Convention and special guest speaker
6. Launch of the Risk On Business Platform
7. Importance of identifying opportunities in bear markets
8. Strategies for investing in uncertain times
9. Progress in Bitcoin mining operations and data center

FAQ:

Q: What is the Risk On Convention? A: The Risk On Convention is a business conference organized by Todd and his team. It provides valuable insights and resources for entrepreneurs and business owners looking to scale their businesses.

Q: Can I attend the Risk On Conference virtually? A: Yes, virtual attendance is available for the Risk On Conference. Visit the Risk On Events website to book your virtual spot.

Q: How can I find safe havens for my fiat currency? A: Todd suggests considering tangible assets like commodities, such as gold and silver, as safe havens for fiat currency. He advises caution with real estate investments due to an anticipated market crash.

Q: What is the Risk On Business Platform? A: The Risk On Business Platform is a newly launched platform that offers valuable insights and resources for entrepreneurs and business owners. It aims to help businesses scale and succeed in their respective industries.

Q: What is Todd's opinion on the current market conditions? A: Todd expresses a bearish sentiment and advises caution in the current market. He suggests identifying beaten-down companies with long-term potential and owning businesses rather than trading stocks.

Q: How is the Bitcoin mining progress at the data center? A: Crypto Joe shares that they are continually expanding their Bitcoin mining operations, adding thousands of new machines each month. They aim to mine more Bitcoin at better prices by taking advantage of the bearish market conditions.