Salaamu alaykum everyone. I hope you are doing well. I hope you had a good weekend. Today is Monday, July 15th and Tesla is trading at right under 260, had a nice pop today and held its gains. Bitcoin is at 63,300 and so it does seem like the pop continues in the markets. The assassination attempt on former President Trump over the weekend increases odds of winning and it seems like the market is liking that. So let's talk about some main market happenings and then we'll let you go. So without further ado, let's get started. Not financial advice. Be sure to do your own due diligence before making any investing decisions. So as I mentioned, the assassination attempt over the weekend has actually increased Donald Trump's chances of winning and the market likes both the fact that there is less uncertainty about the outcome of the race, but also the fact that Trump and Republicans generally tend to be pro-business. They tend to reduce taxes and not be pro-increase taxes, reducing regulation, not increasing regulation. And specifically this time around, they've made it clear that they will be the pro-crypto party, which is a pretty big con to ask to Democrats, which seem to be trying to retard its progress basically. So you saw a bounce in crypto and in Bitcoin, a sharp bounce actually after these improved odds of winning for Donald Trump. And we had quite a candle. So we jumped from under 60 to as of right now over 63,000 and we actually passed the pretty significant milestone, which is the 200 day moving average for Bitcoin. The 200 day moving average when you're below it tends to signal a downward trend when you're above it tends to signal you're in bullish territory. The market is bullish. So we're now in bullish territory. And so the party continues for Bitcoin and US equity generally, and this is perhaps on the heels of the cooler than expected inflation report last week and what that means for interest rates and the prospects of them coming down, which is bullish for risk assets, including equities. The equity funds, US equity funds saw the largest weekly inflow in 12 months. So that means people are very bullish on US equities. Now that inflation seems to be headed in the right direction as per the most recent few inflation reports. So another record has been reached for the S&P. And this just goes to show, I mean, you could say, Oh, well, we're at a record high, you could be saying that basically, you know, since the start of the year for the S&P. And if you were to conclude that we're at a record high, therefore, you know, it's time to sell, get out. You would have missed out on the rest of the run that we had thus far, which has been quite substantial. So I always say that you lose a lot more money waiting for a correction than you do in the correction itself. So it's very risky actually to keep your money uninvested for an extended period of time. And that's why when people ask me, you know, how should I, you know, dollar cost average, I always advise them to do so not over a too extended period of time. I think like six months, for example, is probably too long. You want to do it, you know, within a few months at the maximum, if you have a large amount of money, again, not financial advice to your own due diligence, but historically speaking, 70% of the time the market is moving in the upward direction. And with all the printing that's going on of currency, that will probably be more true in the future than it has been in the past. Now, the German government, this is another tidbit of good news for Bitcoin. The German government has completely sold off whatever holdings it had in Bitcoin. And so it's fully ready to have fun staying poor as one donator to the German government. Someone donated $1.87 to the German government and wrote a note, have fun staying poor German government. It's quite odd that the German government would decide to sell all of its Bitcoin and park the proceeds in euros, considering the track record that the euros have in relation to Bitcoin. That is, it's constantly decreasing in value by less and less Bitcoin over time. Bitcoin is constantly growing in value. So, unless the German government has need for cash immediately, there was very little logic in it selling all of its holding at this particular time. And it does seem, at least thus far, it does seem like the German government nailed the bottom for Bitcoin's price exactly right. So, yeah, interesting to see. Obviously, governments around the world, whether they are German or otherwise, are universally incompetent typically. So, the less is in their hands, the better for the people that they govern. And now we've had Larry Fink, who is the manager of BlackRock and, or the CEO of BlackRock, which has more than $10 trillion in assets under management. You see him laughing in rich. He is solid. He was gushing over Bitcoin this morning on CNBC, which is often just CNBC. But he was gushing over Bitcoin and he's solidly on the bandwagon. He does have a history of actually criticizing Bitcoin, but now that these ETFs are doing so well with Bitcoin, he likes it. I don't trust him really. I don't trust that his sentiments are genuine necessarily. I think he's reading the room and saying what needs to be said. Bitcoin proponent has been teasing his interest in Bitcoin. He's actually someone who has had historically an interest in Bitcoin. It was actually one of the early believers in it. A billionaire, I think he has, I think he's close to $100 billion. So, he's not on welfare. And if he wanted to add Bitcoin in a substantial way to his personal wealth, I think that would make a lot of headlines. Although, I'm not really sure that necessarily on its own, even though it's $100 billion, necessarily on its own that allocating a fraction of that to Bitcoin would affect its price that much. We've seen billions of dollars being sold of Bitcoin and by various parties, including the German government, for example, and really the price of Bitcoin hasn't really responded that much. I mean, we've gone in the 50s in terms of price, but we haven't really gone, but we haven't really seen that dramatic of a dip, even though we're talking about selling pressure and the billions. So, it's quite a resilient asset. And that works in both ways, right, on the way down and on the way up. So, people are getting more and more excited about it. More billionaires are talking about it. They're balance sheets. If you call last Bitcoin, Boron Tesla adding it to its balance sheet was a big catalyst for Bitcoin. And perhaps we have another big name company or companies adding it to their balance sheets, especially in light of the strategy that micro strategy has successfully mastered with regards to adding Bitcoin to its balance sheet, issuing stock, buying more Bitcoin with that issued stock and seeing its value grow and go over time. I think more than one company will attempt to do the same, probably in the near future. All this being said, now, this is just a slew of good news. So, all this being said, I do like to be paranoid with my investments and outlooks. And all I'm going to say is be careful. It does seem like everything is good news at this point. You know, CPI beats expectations. That's bullish record high consumer debt. Well, economy slowing down. That's bullish. Presidential assassination attempt. Believe it or not, that's bullish as well. So, just be careful when, you know, be fearful, fearful when others are greedy, greedy when others are fearful. We're benefiting from this bull run, but we're not taking it for granted. I think having a healthy dose dose of skepticism is warranted and being, you know, paranoid in the markets is always warranted. Do not, I'm going to say what I always say, which is that you'll never go broke taking profits. I actually have, I think it's a good idea to make that part of your investing strategy that is taking profits. And, and especially if you have use for the money, like if you have, you know, something that you want to deploy the money towards that will actually, you know, increase your standard of life. Then that's, I think that's definitely a good habit to be in. And yeah, I think, you know, follow our portfolios. If you're not a PI of member, do become a PI of member, link in the description. My job is to always keep an eye on the main data points that are impacting the market and understand. In Shala, when it's time to rotate out of some of the names that we have into other names that their time may be coming. So, and Shala may Allah help me with that task in Shala. And also, I really appreciate our discord community and the insights of the people that leave their comments in our discord community because they're often quite insightful and helps. Actually, you know, a lot of PI members get a lot of value from those comments. So shout out to everyone who's active on our discord community and sharing their insights because that's really helpful. Alright, let's go to questions. I'm using interactive broker light account for us. I noticed that you're using parent for kids account is cheaper in terms of fees. No, I think actually the light account for interactive brokers brother is. Doesn't have fees or trading fees. My parent account is only because I have multiple accounts. So that's why you're saying that I've made a hundred dollar profit since I joined PI of two and a half months ago. Well, that's great that you shared that plus all knowledge I have gained about investing. So thank you so much. Well, thank you be zone USA for being part of our community. My shot as Salaam. I can like I'm sorry my shot. Do you think Robotaxi date was pushed due to uncertainty of the election tie regulation versus friendly ones. No, actually, I think it's completely independent from the election. I think it's. Initially the date was thrown out. I think in a haste as Elon Musk tends to do. And so Elon Musk, if you read or listen to his biography, he has this. habit of setting a deadline and then working, you know, 24 seven to meet the deadline that he sets. And if he doesn't meet it, well, then he's accomplished a lot during the time because there was a deadline. This is a strategy that he often employs and he often uses with his companies and his employees. So I think something similar to that was happening where an August age was set really without much, you know, figuring out how they were going to meet that deadline. And then it became apparent that it was impossible to meet that deadline. So they've changed the date and I don't think the new date has actually been actually set yet. So I think it's just a matter of there's a lot to get done and they figured they were just, it was just not possible to get it done in time. So they changed the date. But this does kind of, I think, add to the expectations for the event because it means that, you know, there's something material that they plan on unveiling during the event. It's not just going to be a PowerPoint presentation. There's actually going to be a prototype of some sort and unveiling of some sort. So it does actually build a suspense for the event. Zahir says, Salaam, brother, like I said, if I had accumulated some money to put into crypto, what crypto stock ETF would you advise with the highest probability of making multiple multiple what just the two X and within what period of time. If you just want two X, you're good with that. Just buy Bitcoin. Zahir asks, Salaam alaikum, or could you possibly do a live video on altcoins and why the PIF team chose the coins on our watch list? Yeah, perhaps inshaAllah. I think once their time has come inshaAllah, it would make more sense. So now once we see movements in alts inshaAllah, or I feel like we're in, you know, alt season again, then perhaps I will. I really like flow due to its utility and partnership with big names in the sports game space, but not sure on its financial thoughts. I'll take a look and let you know. Zahir says, Salaam, brother, alaikum, Salaam, I have accumulated some, okay, you're asking this same question again. But this time Bitcoin, Salaam, Ethereum, or Coinbase, well, actually, I wouldn't invest in Coinbase at all. I don't like Ethereum. So Ethereum, I think, is valued if you compare it to Salaam, which is a much better value considering the traction that it has in the trajectory that it's on. Coinbase, I don't think it's halal because it has a lot of derivatives that make up a substantial portion of its income. So leave a like. Oh, yeah, I forgot to tell you guys, or remind you guys, leave a like. I really appreciate all the likes. Seriously, the percentage of likes the viewers is off the charts. So I really do appreciate that. So please continue leaving likes. They really help out the channel. Help us reach a larger audience inshaAllah who are interested in halal conscious investing. Until next time, make sure to take care of yourself. As salaamu alaykum and peace be upon you all.