My CNBC Interview from Friday, July 1: https://www.youtube.com/watch?v=jGmF2tB4Zlc

Topics covered:
1) 0:00 Announcements
2) 1:55 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 10:25 FOCUS LIST: XBI (ETF), CELH, SWAV, HALO
4) 10:00 Stock Review – Watch List/General Ideas/Commentary: UTHR, BLTE, VIVO, CCXI, LEGN, CYTK, CORT, HRMY, SGEN, TMDX, GBT, ALKS, EVH, MNST
5) 20:00 Stock Review – Big Pharma: LLY, MRK, BMY, VRTX, GSK, ABBV
6) 22:00 Conclusion/Summary

Market Summary:
In this video, I review two concepts for the new members that I’ve discussed for a while: 1) Don’t fight the Fed and 2) The market won’t see any sustained upside until the Fed stops or at least pauses their current rate-hiking cycle. The conclusion from all this is the same: Stay defensive and be patient. When can we expect the Fed the shift their current hawkish policy? My earliest guess is their next meeting at the end of July. My likely guess is the following meeting in September. I encourage members to keep their positions light because I’m still expecting more downside and volatility over the next few weeks. Of course, I will be open-minded and continue to monitor the price action, but until the market proves itself better, the best thing is to remain defensive.

As soon as I finalize the date for the next webinar, I will let all the members know. The webinars are great opportunities for members to ask questions and review any stocks not discussed in my videos. Thank you and enjoy the remainder of your holiday weekend!

Unusual Option Activity
7/1/22 Gold ETF (GLD) buyers active early today for another 15,000 July $165 puts for $1.25
7/1/22 Biotech ETF (XBI) Selling in the Sept 72 Puts, 1455x at $4.95
7/1/22 Home Depot (HD) with 20,000 August $210 OTM puts bought this morning for $1.35
7/1/22 Taiwan Semi (TSM) seeing 5000 June 2023 $70 puts sold to open this afternoon for $7.20
6/30/22 S&P 500 ETF (SPY) buyers of more than 25,000 August $357 puts today up to $8.50 to open
6/30/22 Semiconductor ETF (SMH) buyer of 2000 August $195 puts for $9.30 as the $200 strike rolls down
6/30/22 Occidental (OXY) with 1000 July 22nd (W) $58 calls bought up to $4.30
6/30/22 Schlumberger (SLB) with 2000 January 2024 $52.50 calls bought for $3.75 to $3.80
6/30/22 Nvidia (NVDA) buyers in the Sept $125 puts for $7.15 to open, over 3500X as some positions adjust