Market Outlook for Sep 29, 2024

[@lonewolf887]

I was kinda confused when I didn't see a chart in your last video. Usually not a big commenter but want you to know that people do care. Your weekly outlook videos are highly appreciated. Haven't missed a single one in the past year.

[@karankanatala2813]

mark! We care about real yields❤😂

[@Ree-n3u]

Would love to see a bank on the financial modelling series (JPM, C, WFC) one of those would be great!

[@jackf6622]

We carrrrrreeee! 😂 I just leave the comments to others. Thank you so much for these videos and the website. The applied series is worth every cent!

[@evanlebzu1]

54:50 Hi Dr. Mark what do you think about the thesis of Permian Basin turning into a hub for AI data centers, as you have plenty of energy, land and water to cool it.

[@Anon123454]

Hi Mark, Great content as always. Wouldn't a yen - yen trade be intra-market, and yen - peso trade be inter-market? Intra means 'within.' Also, can you explain the mechanics of the short yen- long yen carry trade? If the JPY short rates go up, then JPY long rates would go up as well and JPY long-term bond prices would go down, right? So if you borrowed yen and then bought long-term JPY bonds, wouldn't you lose money when rates increase? Would the correct trade be to short JPY duration? Thanks.

[@jaytailor5048]

Hi Dr Mark. Are you a buyer of China’s broad based market through an ETF given such significant government intervention? Or are there specific North American names that you think would benefit from this? Many thanks.

[@Dimehb8889]

hi Mark, I am participating in The London Stock Exchange Group Competition , i need to construct and manage a portfolio for a period of 50 days ,its equities only and short selling isnt allowed, what advice would you give me ? what strategies should i look into ? if you were in my place how would you play this ?

[@u1tim822]

Personally my vote is on Crowdstrike, looking forward to watching the video!

[@saidharthi2223]

Crowdstrike with Palantir please 😅

[@johnsnow6019]

Oh Hai mark

[@metconte]

Dear professor, Isn’t China stimulus supporting discretionary sector as OEM? Do you think foreigners automakers (VW, Tesla,…) will benefit from it?

[@c.h.9565]

Hi Mark, Blackberry would be interesting for Cybersecurity. Also, all your content is appreciated. Your Applied Level has been the best investment! Realized a nice gain on Killiam and CAP REIT (26%). It was an excellent thesis.

[@jongsukim3514]

Where do you think Canada's neutral rate? Given that cpi is at 2%, should BOC quickly drop rates to the neutral rate or even slightly below?

[@harrypayne4291]

Crowdstrike

[@tjloehnert]

Just thought I would provide some quick feedback on your financial modeling videos: As you make your outline videos and your videos on building the model in Excel, it would be helpful (for me anyways) if maybe you a small image of the page on the 10K you are referencing when referring to certain items or notes. Not sure if that is feasible but just a thought/suggestion

[@Krakenatmyjokes]

43:55 Hi Mark, I’m struggling to reconcile how, on one hand, we see deflation as a foreseeable trend driven by technology, while on the other hand, there will be efforts to deal with the debt by inflating it away and allowing a higher target rate. How can inflationary and deflationary pressures coexist? Additionally, does this mean we will deliberately create inflation? If so, will certain businesses benefit from increased fiscal or monetary spending? Doesn’t this risk distorting capital allocation across entire sectors?

[@spqr5567]

Crowdstrike and Palo Alto sound good. Thank you!

[@tjloehnert]

Trying to use your financial modeling videos to build a financial model for CSX. Obviously there are many different aspects as CSX, being a transportation company, doesn't even have inventory. Would you advise waiting till you post a financial modeling series on a company more similar or do you think it's okay to use your videos in an attempt to build a model for another company in a different sector?

[@FineTrak]

Seeing that the job report came in strong, duration which performed strong yesterday on the Israel Iran escalation news suddenly dropped today. oil is also picking up. Does this change any short-mid term outlook on how you view/invest in these markets? Or is the market just overreacting to everything?

[@aliiisalama]

I had a look at Swiss CPI, as you said came in at 1.1%, which is amongst the lowest of the major currencies, and so seems a bit of an outlier. It seems it is typically always lower... Between 2008 and 2022, there were only 2 prints higher than 1.1% and there was no print higher than 1.4%, and it spent plenty of time (maybe 3-4 years worth) in the negative. So perhaps this is just a return to normality for them, equivalent to 2% in USA. Any ideas on why it's typically so low?

[@hehehe991]

Safe haven currency with constant pressure to appreciate, which is deflationary. Imports are very cheap.

[@EdgeOverHedge]

Chinese stocks: Do you think we can have a rally like 2014-2015, where the Shanghai index rose 150% (but then collapsed)?

[@eh-tz8ji]

Working on a model for school on Johnson & Johnson. From a high level how would you go about forecasting revenue? I am thinking obviously to separate pharma and medical devices as they do. For pharma I would take into account the decrease in revenue from expiring patents, but how would you think about future revenues for medication in development?

[@MarkMeldrum]

Pharmaceuticals are usually done on a market size - marker share basis. So $50B market, 10% share over 5 years, for example.

[@depankarlaldas2161]

Have you reduced your beta exposure due to middle east tension and the US strike? I cant sleep with all the short puts!!

[@ilisxanfalkone2019]

Hi Mark, Why do put spreads become cheaper (lower income) and call spreads more expensive (higher income) when skew increases? Shouldn't higher skew result in higher premiums for puts? Thanks!

[@AndrewFlenders]

Hello again Mark. I got a question regarding TLT pricing, more particarly Duration vs "what the market has already priced in". Right now, the 20 and 30 yr treasury yields are around 4.10%. That is what the market is pricing in in terms of future feds funds, inflation expectations and term premium, since those are the 3 parameters that move the long end of the curve mostly. TLT has a duration of 16, meaning its price will move 16% per 1% change in the yield. Does that mean that, in order for TLT to move 16%, the long end of the curve will need to move by 1% more than what the market is already pricing in?

[@tykepope]

I noticed XLU currently has the highest put/call interest of all the SPDR Sectors (3.45). Do you see this as a bearish sentiment for XLU? Why would people be overly hedging a 'defensive' sector like XLU?

[@theRealDaveyG]

Hi Dr. Mark, A few questions, will try brevity. 1) I tried using the Yen as a funding currency to finance a S&P500 ETF denominated in Yen, the objective being to have the obvious S&P500 long exposure, short Yen all while minimizing my Forex risk. The issue is that those ETFs have 100% margin requirements. As I need my margin for loan purposes (some call it Smith Maneuver), I can't use synthetics. Any ideas I haven't considered to do make this happen? I've asked this one before in a live, but the chat format was a sub-optimal medium. 2) You sometimes refer to your childhood and upbringing as, let's say, less than optimal from a family point of view. Do you think that these situations may sometimes be a blessing in disguise, by forcing resilience and perseverance upon you? That's it for now. I know I've got a few others circling my cerebellum.

[@nabeeletx]

1. Don’t you think Tesla fan base will pump the stock in their upcoming Robotaxi event no matter what they show or say? Most likely Elon would say something to pump the prices. Why not add TSLA shorts after the event and before earnings? 2. Did you see JPM collar trade? Looks like it’s a tail risk positioning. What are your thoughts? -6020C x 1/ +5425P x 1/ -4580P x 1

[@ronitsahoo8672]

1)you said 95 percent of us should not trade in their 20s,so when should we trade? WHAT ARE THE CONDITIONS THAT ONE SHOULD MEET AFTER WHICH THEY SHOULD START TRADING? 2)how do you decide how much stocks you should own or you do not own any stocks at all? 3)what is that capital contribution plan you talked about like putting 2000$ in every quarter AND you said if you are young and have a capital contribution plan then you will be fine? 4)you said to listen to well respected figures in the industry ,DO YOU HAVE any criteria to whom you should listen to? 5) ALSO sometimes people give bad advice but they just say it nicely .

[@okok-w7v]

1)if lets say i am starting out my career and making $12000 in india would you buy a iphone (even if you need it or don't need it) OR YOU WOULD JUST INVEST that $1000 in some stocks and try to live with your old phone? 2) you said you should not buy starbucks or shoes as you are taking money from future but by that logic i can say i should not go out to eat or on dates as i will be taking money from future, it looks stupid to me IF I THINK that way? 3)i am not understanding the difference between STUPIDITY like buying starbucks and LIVING OUT YOUR LIFE like going out on dates? I DON'T WANNA LIVE LIKE A MISER I WANT TO HAVE FUN TOO?

[@depankarlaldas2161]

I am an applied level subscriber and have watched a lot of videos. I can't thank you enough for helping me making money! 1. I have a question about the video '2 big roles' for very beginner level retail investor. When you say, 10-20 delta theta portfolio, does that mean I can fully invest me portfolio and then run the theta portfolio? I see my portfolio of $30K has dollar delta beta of $55K due to the leverage used for selling options. Isn't that too risky for someone with very low risk tolerance? 2. I have 50 FCX share. When I saw sudden bump in it's price in the day when China announced stimulus, I sold $53 call thinking that it was an over reaction. Was that a flawed reasoning? I want to be sure that I have right mindset. 3. You might ignonre this philosophical question: My 9 years old son sometimes ask me, "Dad, what is the point of having million of dollars if you don't like buying fancy staffs?' How would you answer that?

[@uu123-g4r]

1)from whatever life experiences you have now if you would have been in your mid 20s and starting your career would your goals would have been like how can i be rich OR make as much money as possible?WHAT WOULD HAVE BEEN YOUR GOAL? 2)you once said not to read trading books as the strategy would not work now BUT can we read them to know what kind of thought process or LOGIC they have applied?WOULD THAT BE HELPFUL? 3)have you ever done trades based on gut feeling ?were you sucessful? 4)i am intrested in entrepreneurship but whenever itry to think of what problem i can solve it feels like all problems are solved there is nothing left?

[@Renat6ify]

Hi Mark, 1. I just wanted to thank you for all your help. I’m currently waiting for the CFA Level 3 results, still having nightmares about the "For the same duration" live sessions! 😄 2. Over the past 2.5 years, I’ve been managing a small portfolio from my company’s cash reserves. 1st year, I outperformed the S&P 500; 2nd year, I underperformed, and this year has been more or less in line with the S&P 500. Given my goal of becoming a Portfolio Manager, I’d really appreciate your advice on what the next step should be in terms of career path or job role if I pass the CFA Level 3 exam. 3. Regarding the cybersecurity sub industry, where can we vote? I would prefer CrowdStrike and perhaps as a 2nd one, SentinelOne. Thanks again for all your support!

[@la_fayette]

Hi Dr Mark, 1/ When you are invested in different currencies, how do you take profit and manage the FX risk? For instance, if your domestic currency is EUR and your profit is made in USD, do you let your USD invested and take your profits in EUR by not investing more EUR (= suspending contributions) and avoid FX conversions ? Alternatively, would you convert your USD in EUR at the spot rate ? 2/ If the US debt is going to increase to an unsustainable level, what does it mean for TLT in the future ? Would USD be ultimately worthless ? 3/ Most of your content goes far beyond the investment and CFA, it is mentorship. Would you mind story telling you’re the key part of your life so we can better benefit of your life experience ? 4/ Is it possible to have your live sessions and market outlook QnA uploaded in the app for offline watching ? Thanks

[@Foss98]

In trying to calculate end of year prices for ZB Dec'24 Futures. Using weighted averages, the target interest rate for end of 2024 is 4.234% (~4 cuts). Assuming this is perfectly priced into the Futures price of $124.72 and using the CTD modified duration of 16.15, I calculate a price level of $129.43 for ZB for 4 rate cuts by the end of year respectively. Is this calculation/estimation logic sound? If so assuming we don't see a 75pt basis cut over the next two meetings, would 130 be a good strike to sell calls on ZB with December Expiry? Also, in your experience, how long does it take for the far end of the yield curve to un-invert, when will you consider shorting the 20Y and going long the 30Y or is that not capital efficient?

[@wealthnhealth80]

Hey Mark, I have an account with IB, with a net liquidation value of about 60K and mostly engage in selling put options, and to hedge, I only sell OTM calls on SPY. In terms of trying to keep my risk management process simple, but effective, I try to 1) maintain a level that is close to neutral (0% +/- 10%) dollar delta beta, 2) Maintain a theta level that is around 0.001 of my NLV as you suggested, 3) Have my "Current Available Funds" or "Current Excess Liquidity" at around 20% of my NLV (in order to avoid that yellow flashing light), and 4) Try to keep my different long delta (sold puts) positions diversified in different sectors. And I also try to not have any long options position (in terms of delta dollars) greater than 20-25% of my NLV. Am I on the right track, and should I be looking at anything else in terms of managing risk? As you have said, if we manage risk, the returns will come.

[@SmallInvestor-ec4xg]

Hey Mark, why does the theta of my portfolio change with the change of the underlying's price? For example, If I sold a 10 day TTE option for $100, would my theta not be 10, regardless of the change in underlyings price? We do care about real yields.

[@SmallInvestor-ec4xg]

Hey Mark, 1) Thoughts on Anton Kriel/Institute of Portfolio Management? 2) How do you "size" for gamma? We know gamma is a measure of the movement of the price of the option, relative to a $1 move in the underlying. If I wanted to bring down my gamma risk, it seems I can just sell options on COST stock, and give my portfolio an "appearance" of lower gamma risk. How should I _actually_ lower gamma risk?

[@PlagueisHandle]

Mark, what are your thoughts on Magna in comparison to BorgWarner? They've had quite a down year, lowered guidance due to macro and partially due to Fisker's bankruptcy. However, they have a nice yield, options with some activity, and relatively higher IV which could make for some accumulation and income generation. Also, throwing out SentinelOne as a smaller cybersecurity competitor for review if needing a smaller industry player.

[@JackDaniels-x2q]

I've heard you mention that they've removed some of the rigor from the CFA curriculum. I was wondering if you were referring to the entire curriculum or maybe a certain level such as level 1? If so, have Level 2 and Level 3 largely remained the same? And if level 2 and 3 aren't as rigorous, does your free 2018 content cover that rigor? Also, I know you've also mentioned a Qbank for the applied level as well. I was wondering how high up on the to-do list this was in your plans? I think it is easy to watch the videos and fool yourself into thinking you know it, but the tests do a great job at reinforcing those concepts and revealing what you actually know. Thanks.

[@spr9766]

Hi Mark, Springer Nature is filing for IPO and has published their prospectus along with 3 years of FS. Would you consider doing a video on reading the prospectus of a potential investment target?

[@TrentGuiness]

In this video you said that we live in a deflationary system due to technology, which I agree. However, it seems like the governament's need (hunger?) to financing grows more and more, mostly via deficit spending, debt issuing, debt monetization, currency devaluation, and similar inflationary methods. The problem is that government financing is ultimately a political problem (politicians must bribe the public to win office), not an economic or technological problem. Therefore, even as we have become much wealthier and efficient as a society through technological advances, our debt/GDP and deficit/GDP keep growing. Just like in the post WWII era, chances are that this will ultimately end up in an inflationary bust (printing) where bonds and currency will be sacrifized in order to save the Govt from defaulting. This is, basically, Russel Napier's "financial repression" scenario. Thoughts?

[@itemere]

Dear Dr Meldrum. I am concerned we may be missing a risk factor with the long US bond.. Could you play devils advocate intellectually against the case for duration? My observations below, it is quite long feel free to skip when you read it out! Apart from your point that the Fed could change the target price stability rate to a range of 1-3%, which ironically I agree with you would be interpreted as an inflationary signal by the market- despite the fact that the lower end of this range is half of the target now (win win for the Fed?), the majority of arguments I see are either 1. That the bond market will somehow discipline the government through lower credit rating, or 2. "Recency bias" whereby the core argument is that the US interest rate used to be higher therefore we should expect mean reversion. To be brief in my rebuttle is: 1. What is the alternative (risk free asset & USD). 2. Simply cherry picking the period of "recency" - what about 2010 -2019 where deflationary concerns prevailed. Also naieve comparitive analysis ignores the impact of technology and demographics.

[@lichungwu]

In the recent Live Market Q&A you mentioned being in banking makes sense as Fed's rate cut resulting in lower borrowing cost for banks. You also mention TLT will likely increase value in the future as the Fed will have to do QE (hence long ends rate down) to deal with the deficit. I am trying to piece together these two arguments to justify whether investing in banking makes sense. If both arguments exist, would the benefits for banking from lower money market rates (less interest expense) be offset by lower rates in the long ends (less interest income)?

[@igormoroz3303]

Still can't get my head around Real Rates and BreakEven Rates, but I scrolled the last week Outlook twice after watching it all to find if I had missed FF term structure and TLT performance... As I was and still am confused with the long end yields didn't like 50 bps cut and shoot up. Is it due to inflation expectations? Why?

[@NameIsSteve]

1) Palo Alto Networks for their diversity of product offerings across distinct categories within the cybersecurity space. 2a) Akamai Technologies appears not to compete as directly, so their analysis may provide more industry breadth. 2b) Either Fortinet, Zscaler or Crowdstrike if you want to contrast direct competitors to illustrate more of a potential pair trade setup vs. PANW.

[@AndrewFlenders]

Mark, here is a tough pickle: a while back, right before gold went bananas, I sold some deep OTM naked calls on Gold Miners GDX. Yup, I know, selling naked calls was dumb and I have learned my lesson. Problem is that after the massive gold run in the last 30 days, GDX has climbed up to my strike level, plus there is still plenty or time to expiration and vol has spiked so closing out the short calls is very expensive. I dont see any short term catalyst for gold to turn around any time soon, so I gotta risk-manage this trade before the short calls go deep ITM. How would YOU manage this risk?

[@danielcastro1705]

New wave of divorces and breakups incoming from a wave of "mischaracterizing" 😂! What I always say is - "do you want to be right or do you want to be happy?"

[@GenevieConti]

Hi Mark, 1. I’m curious about how the long end and short end of the yield curve react differently when interest rates change. Can you explain it a bit? 2. I saw you used synthetic on duration in your recent position. From what you ve said before, I assume you only go for synthetic when you feel that the stakes are pretty high. If you had to break down the risks associated with that bet (inflation, rate cuts, and duration) what would that be? Thanks

[@tykepope]

Any thoughts on US Steel? I've watchlisted it and might start an allocation as I think the Nippon deal has a chance of going through regardless of all the talk by Trump/Harris. It's not like Nippon buying US Steel moves the jobs out of the US, right? I'd think that could easily be written into the deal to get it through.

[@JamesPrescott42]

Dear professor, what is your opinion on MLPs as an investment vehicle. For example, AMLP gives exposure to energy infrastructure with a 7%+ dividend yield. I hear that their tax structure adds some extra layer of complexity but I didnt fully understand how. Mind explaining please?

[@daneomegan]

Hi Mark, have just started your financial modelling section in the applied series, it's awesome. Could I suggest perhaps a quarterly deep dive into companies selected by members where you use your existing modelling framework to build out assumptions, revenue and cost estimates. Putting my entrepreneurs hat on you could break out each company deep dive as a standalone product (free for non-grandfathered members of course) and build out a library of these for reoccurring revenue. My guess is you're looking to create a designation of sorts that creates gravitas for holders... "Elon, I have attained the Applied level with a financial modelling badge for Tesla and GM, you could really use me"

[@gertrudes666]

Why does a pe of 22x mean the market is expensive? Expensive relative to what? If our economy is inherently deflationary given tech, with the tech sector expanding relative to all other sectors given its bigger growth perspectives, then shouldn't the broad market index multiple reflect this? Why isn't the spx considered fairly valued at say 25x, 30x...40x?

[@farzad_tahamtani]

Hello Prof. Meldrum Since US Treasury Secretary has used the tool to reduce the maturity time to sell new bonds by issuing a large number of bonds with a maturity of less than three years, and current budget deficit, which corresponds to an increase in deposits with banks (from the sale of bonds), has been covered by making the bonds attractive to banks and money market funds. Can we say that this approach, which relies on short-term bonds, is not financing, but the monetization of the budget deficit, which is effective both in stimulating aggregate demand and intensifying monetary expansion?? And if so why do it while FED is fighting inflation? I think Federal Reserve committed a similar mistake in the 70s, during which it left its fight with inflation halfway. If this estimate is correct, should we expect for the reappearance of inflationary threats in 2025??

[@foxyd-v5y]

Dear Mr. Meldrum, thanks a lot for all your work, it's really starting to get me more and more passionate about markets One question that I would like to ask you regards a personal difficulty I have What would be the most efficient learning process you would recommmend? I mean, would it make sense to start from a macro level (a bit like you do in the outlook) and based on that start to form expectations on the different sectors and companies based on their sensitivities to the different economic cycles(thru studying the sector studies, for exampe)? Thanks a lot!

[@ronitsahoo4488]

1)last q and a i asked if for cfa i should first watch videos then notes then question bank BUT THE MAIN AIM of my question was that what will be more effective way to learn the stuffs according to you? 2)can answering every or almost all questions like you do can be a metric to know that you are an expert OR have mastery in the subject? 3)so being an expert is not like a specific point you reach but an ongoing thing? 4)what is personal finance for you and how can we learn it?

[@licinkazd]

I feel your pain regarding FCX. I sold 50$ calls as an income play against my whole position a day before China anounced all that stimulus. Ouch! However, I do believe that the run was a bit overdone... What are your thoughts?

[@farzad_tahamtani]

You mentioned in next 3-4 years there will be a certification for sector analysis, will study content be solely based on the sector studies videos or a textbook like complement will be provided?? Also I would appreciate if you could make the other highlighted 10-K’s available for download too 🙏🏻

[@Unathi51457]

I slightly disagree with your take on Vance. He has long championed more populist economic ideas, and Waltz, despite my disagreements with some of his policies, did implement such ideas. Vance didn't even show up for the child tax credit vote he claimed to support. I'd bet that Waltz would decisively outmaneuver him, and the collective opposition research on Vance is too vast for him to overcome. Just my perspective as a political analyst. Love your videos, and we do care about real yields🤣

[@camdavignon954]

I noticed you conflate successful people with wealthy people, and while they’re obviously related and wealth is a sign of success, I think reality is a lot more nuanced than wealth equals success and vice versa. Do you view this differently?

[@davemur1]

Between CFA lessons, everything you are doing in the applied series and your own investments, how do you keep track of your notes? Just a bunch of notebooks or you have a clever system you could share? Thanks

[@camdavignon954]

Could you please revisit the logic of your Tesla short? Overall, it seems like you’re aware of how the stock price moves illogically, yet you believe that your logical fundamental analysis will ultimately dictate the price action and play into your hand. Aren’t there just easier fights to win out there?

[@user14890]

Hey Mark Regarding the real yields (r = n - inflation). Do I get it right that inflation percentages are flat along the term structure? Otherwise, what are the sourcing numbers for inflation per each period?

[@unfettered1]

At 21:28 what did it mean to "head to the zero line"? Also, can you elaborate, (with the risk of being repetitive) on, "we have a technologically deflationary backdrop to economy"

[@Jonathan817]

Hi Mark. What is the maximun percentage of your portafolio that you would allocate to a single stock supossing that you have done your homework and have came up with a solid BUY for that stock?

[@MrDiegox9320]

Mark! yes, we care about the real rates but we don't care if you miss it once. You can't demand when someone gives value for free just ask nicely. Keep it going! Awesome videos!

[@l2amzZ]

You often describe the market as a complex system - which I resonate with. Can you elaborate more about the fundamental idea of a complex system - and how I can best study it do support my decision making?

[@sdfergf]

You left us hanging with your comment about the 6 trillion+ in money market funds. Clearly there is a disconnect and at least some of the money will find it way into duration or risk assets. That’s the point, the excess liquidity will need to find a home as rates go lower.

[@musicbe11e]

Dr Meldrum, I use these updates when I have interviews for jobs. I watched the one from last week yesterday and I did notice that you had put up the capital markets yields and the money market yields. I was looking for this screen because I use it to discuss what is happening in nominal rates and relate it to credit spreads during interviews and I was confused because it wasn't there last week. Not sure if this helps at all, but I wanted you to know that I do watch and use these updates.

[@Slayer17606]

When you mentioned about the japan carry trade and rather than investing in US invest in long end, wouldnt taking on duration at the long end lead to falling prices as rates shoot high at the longer end? What am I missing here?

[@es_888]

it's not true that nobody cared about the screen. sometimes we're just afraid to tell you things. (just kidding XD)

[@cesarcossio4042]

Hi Mark, could you please explain in detail how an intermarket carry trade is done? Are you betting on the curve steepening?

[@SyedRaza-x8u]

Hi Mark, hope this note finds you well. Could you include SentinelOne Inc NYSE: S to that list. 4:36

[@lucasszymkowiak6765]

Thanks Mark, we care, albeit we thought missing real yield screen was planned

[@AswathMeldrum]

Hey Mark, Thoughts on Stellantis earnings and what it means for other OEMs?

[@gertrudes666]

1:16:22 SPY marker incorrectly inserted in the video description

[@ramomar3204]

The “Dockworkers Strike” segment is golden. Thanks for the laugh Mark! 😅

[@smart_beta]

I hear china is looking really bad, similar to japan. Why would BABA take off?

[@a.e.9445]

Have you taken a position on Microstrategy after its 10 to 1 split? Any updates on your thesis?

[@nshs1234]

Looking at the US debt situation.. do you think its time to make Dave Ramsey the president?

[@hayk2711]

Mark, would be great if you consider a financial modeling of a bank?

[@leddingmitchell]

Hey Mark, do you have a price target for your risk reversal on ABR?

[@gertrudes666]

Premiums just vanished out of FCX puts

[@vincentmuturi235]

Amazing breakdown as always

[@JosephWeintraub]

crowdstrike would be my vote

[@Obolix101]

I mischaracterized my vote

[@rocky0el]

We do care! Love these videos ❤

[@JustAnotherGuy007]

We care about real rates! 😂

[@Pikachu_invest]

We do care Professor !!

[@jaeyoungchoi6790]

Hi Dr Mark. I am new subscriber just starting my fa levle journey. i am planning to make the payment by today 9/30). does that mean i dont get the same benefit as the past subscribers? so sad

[@MarkMeldrum]

As long as you get it done by the end of day on the 30th, you're good to go.

[@amirh.h]

my vote is Fortinet.

[@MrDeadlyCrow]

1:01:10 exactly!

[@colingeraffo1731]

I vote CRWD

[@jaredtarabocchia6331]

Marky mark

[@ajo.7648]

I care 😭

[@wm6549]

Zscaler

[@luigibombelli7577]

I CARE

[@eltorkymohamedhossam]

Kindly your opinion in COSTCO first video in applied level: Why the journal entry of recognition of rewards liabilities is Dr sales Cr accrued member rewards and not: Dr Expenses Cr accrued member rewards As here, we decreased the sales with no decreased cost of goods sold, While the JE of use of rewards is logic as here the sales was credited with the accrual rewards while there will be actual cost of goods sold. So what do you think?

[@MarkMeldrum]

You can post this question in the comment section on the site

[@eltorkymohamedhossam]

@@MarkMeldrum DONE, with Thanks

[@vatsalkamani7077]

good evening Prof. Mark, Student from India 🇮🇳 🫡