Assalamu alaikum everyone. I hope you are doing well. Quite an eventful weekend we had and alhamdulillah things are looking better. We're going to talk about what exactly happened and what the outlook for the market is. If you enjoy these lives, do leave a like and become a PIF member to follow our trades and join our community if you aren't already. What we experienced today was, you know, one of the truly, um, noteworthy reversals in the market of recent history so we actually earlier today were closer to ninety one thousand we've bounced back to a hundred and two thousand four bitcoin uh with doge I was you know at night uh I was getting notifications on my phone uh doge was at twenty six at twenty five twenty four twenty three uh we reached less than twenty one cents per token now we're back at twenty eight cents and solana was all the way down to the uh one seventies and now we're back at two seventeen so massive drops followed by massive recoveries in the crypto world uh we got something similar but not to the same extent percentage-wise in the stock world. This is the second Monday in a row where we have a very deep in the red opening. But alhamdulillah, there was a recovery. The indices have ended the day in the red, but nowhere near as red as they started out with the Dow Jones down point to eight percent. Nasdaq gave up one hundred eighty points. S&P gave up forty five points. So. a pretty strong recovery for all these indices the dollar index slightly in the red the vix was up understandably and the yield on the treasury the ten-year treasury was up uh point three one percent tesla ended the day Three hundred and eighty three dollars might be a good time if you haven't built a full position there to start or finish up the position that you were aspiring to in that particular stock. NVIDIA is still at . So it hasn't really recovered from the latest dip that it experienced after the DeepSeek revelation. It has been really one of the biggest losers of that revelation. A lot of other sort of connected names to the space have recovered quite nicely, but NVIDIA has not. And Bitdeer, Iris Energy, Bitdeer is actually down four percent today. Iris Energy is up four percent. And gold is actually at, continues to perform quite nicely. Gold actually reached an all time high of two thousand eight hundred and twenty eight now on a percentage point that's not really that great, but it is remarkable. The upward trajectory of gold up seven percent year to date. So pretty noteworthy there. U.S. oil was down two percent. So what happened the tariffs that were announced that were to go into effect on february first which was saturday announced and it seemed like a done deal midday friday that pulled the markets back and then the markets had all weekend to think about the ramification of tariffs and how that's going to affect markets how it's going to affect inflation and As a consequence, monetary policy and whether or not we are going to get interest rate cuts anymore, or maybe we could get an interest rate hike if inflation were to get under control, out of control. It did seem like Donald Trump was digging in his heels. And then all of a sudden on Monday, we get a much softer tone, perhaps. persuaded by the market, Trump was that the path he was going on was not a constructive one. So in the details of the dip that we experienced primarily earlier today, and on sunday two point two billion was liquidated from the crypto market in the past twenty four hours with over seven hundred thousand traders liquidated so seven hundred thousand people are having a very very bad last twenty four hours worst liquidation event in history in a single day and really I I I always say this if you understand what you're investing in use dips as opportunities. They're basically fire sales on the assets that you're interested in in the first place. And so you can use these dips to build up your position even further. However, you can't do that. You can't have that mentality if you have a levered position, if you're forced to sell. The only way you can lose and make these dips a losing situation for yourself is if you're forced to sell either through leverage or because. You really didn't plan out your finances and you need the liquidity and your and and so you have to sell because you have something something else to pay for or you panic sell. And that's another case where these dips which should be really opportunities for investors are end up being capital destruction events for them instead so I hope you know you avoid obviously avoid leverage trading because we are halal conscious investors and you also want to avoid investing anything you can't afford to lose you want to Avoid panicking, obviously. And the way to avoid panicking is by understanding what you're invested in. If you understand the merits of what you invested in, the thesis is very clear in your mind, then when the price drops, your initial reaction should be, let's buy more. It's on sale right now. It'll recover. Let's buy more. That should be your initial reaction to these types of events. And really what happened in the last twenty four hours should serve as a litmus test for you. If you found yourself panicked, then perhaps you're overextended on your investments. You've invested too much. Maybe you need to unwind some of your positions and build up a bigger cash position so that your investing experience is a positive one. On the other hand, if you If you understand this is really par for the course and you weren't really that concerned, then your level of risk taking is appropriate. So this is a good litmus test for you. Take it as an opportunity to adjust the risk levels that you're taking with your investing. So the market, as we mentioned, pulled back and obviously the pullback was amplified by the amount of leverage in the system by President Trump announcing new tariffs, twenty five percent on Canada, twenty five percent on Mexico and ten percent on China. It is noteworthy that he was went a lot easier on China than he did Mexico and Canada. And perhaps this is him understanding the amount of leverage that he has in these situations. We'll talk about that in a second. With regards to China, the tariffs built on already existing tariffs on China, some of which he put on in his first administration and were never lifted. In terms of why he may be as aggressive as he is with Canada and Mexico, eighty percent of Canadian exports go to the US. Eighty percent of Mexican exports go to the US. Only fifteen percent of American imports come from Canada and fifteen percent come from Mexico. So the United States is in a much better negotiating position than these other two countries. Canada and Mexico really need the United States and the US needs these other two countries, but not as much. And so we got some progress here. And I did mention last week that I thought the U.S. would probably figure things out with Mexico, with Canada, I wasn't sure, does appear so far this is how things are playing out. With regards to U.S. and Mexico, both countries have put a hold on planned tariffs following negotiations between Mexican president and U.S. president. Mexico has agreed to send ten thousand members of the country's National Guard to the border to address drug trafficking. With regards to the US and Canada, Trump and Trudeau spoke earlier today, and they're supposed to speak again today. So we'll see if that is fruitful. With regards to China, President Trump says he will speak with China regarding tariffs over the next twenty four hours, probably. So we may get some positive news there or not. We'll have to wait and see. He also added that we have a big negotiation with Mexico. So on his platform, Truth Social, Donald Trump said, I just spoke with President Claudia Sheinbaum of Mexico was very friendly. We agreed they would send ten thousand Mexican soldiers to the border separating Mexico and the United States to stop the flow of fentanyl and illegal migrants into our country. We further agreed to immediately pause anticipated tariffs for one month. So we're not out of the woods yet with regards to Mexico. But there's a month here where As Trump said, there's going to be negotiations and hopefully something is agreed to that is beneficial for both countries. What is interesting here is this chart here from Marty Party. When I saw this, not all history repeats, but oftentimes it rhymes. It does seem like the February of the year following the halving in Bitcoin, we see a substantial dip. That's what happened in twenty twenty one. That's what happened in twenty seventeen. followed by a pretty substantial run-up in altcoins. So it remains to be seen if that repeats or just a pattern on a chart that held up until now but won't hold any further. But that is interesting to look at. I would not be surprised if this pullback is followed by healthy appreciation and prices because what we saw is a basically cleaning out of leverage in the market. So as I mentioned, this was the biggest liquidation of long positions in recent times. You can see by the height of this green line over here, the amount of liquidations that happened. really dwarfs anything we've seen in recent times. And therefore, the market has been cleansed. Open interest is finally at very low levels. And this allows leverage to start building up again. So what happens in the market? Leverage builds up, builds up, builds up. prices go up and up and up and then you have a a cleansing out event that takes out a lot of the levered position and positions and then you have you know a re-leveraging of the market that that quickly follows and so on. And with that, prices start going up again. So I would not be surprised to see a healthy crypto and equity market. It's very obviously important that you heed the words I said earlier with regards to making sure you don't invest any money that you can't afford to lose. Understanding that crypto in particularly is, you know, it's kind of a crapshoot where, you know, a lot has to do with, you know, investor sentiment. A lot has to do with things that are very hard to predict and volatility is off the charts. Expect, you know, thirty, forty, fifty percent moves, you know, in two days on whatever token you're invested in. And that should be, you know, par for the course in your mind. So I would really approach that area of investing with extreme, extreme caution. And in other news, President Trump signed an executive order, which apparently that's how this country is going to be governed for the next four years, is just executive orders from the president. It's becoming increasingly difficult for Congress, the House and the Senate, to justify their paychecks because basically the president just issuing an executive order with whatever the heck occurs to him. So President Trump signs an executive order calling for the creation of a sovereign wealth fund. So this could be, you know, you've heard of the Nancy Pelosi tracker. This will be the Nancy Pelosi tracker on steroids. I think this will have a big impact on whichever assets are decided to include in this sovereign wealth fund. So I think we'll be talking about the United States sovereign wealth fund a lot, inshallah, on this channel and, you know, what they're investing in, because that's going to be very impactful on the assets chosen. Likely that Bitcoin will be, you know, one of those assets that are chosen. Who knows, maybe Doge as well. All right, let's go to questions very quickly. Hamid says, Salam, any short-term plan on when to exit miners? Well, I don't think we're really, I think there's another leg up here in this Bitcoin cycle. So perhaps then we'll start thinking very seriously about it. We've already taken down our position in one of our miners, as you know, and built up in the other. So we'll see. Putana? Pukhtan, maybe? Basha, sorry if I butchered your name. Salam alaikum wa rahmatullahi wa barakatuh. Wa alaikum salam. Yahya says, salam alaikum. Wa alaikum salam, Yahya. Bruce. What's your take on percentage of cash to investments? That's a very good question, Bruce. I typically say, you know, something around, you know, three to five months of expenses in cash is what you should aim for. But this is not investment advice. Do your own due diligence, all of that stuff. Assalamualaikum, Brother Ahsan. Yeah, I think Tesla is in a privileged position. And if we look at Trump's first administration, he did give certain companies exceptions. And perhaps the softer stance, and this was my prediction last week, that the softer stance the president took towards Mexico was was at least in part a function of the dependence that Tesla has on imports that come from Mexico. And so perhaps Elon got a word in there where he was able to convince Trump to to roll back some of the tariffs or at least to postpone them for a month. So I do think that Tesla, if the relationship of Musk with Trump remains a good one, I think they'll do better than other companies that perhaps don't have as quick access or as much influence on the president as Tesla does. Okay, so Oksana is saying tariffs are paused for three days for Mexico and Canada. It was announced announced several minutes ago. Oh, thanks, Oksana. I appreciate that. We'll see. Let's see. I did. Let's see. They separated this. Oh, great. Great. So they have actually updated this page. In separate negotiations, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have agreed with U.S. President Donald Trump to pause planned tariffs for at least one month. This is great news. I think the market will be very happy to hear this. And thank you, Oksana, for mentioning that. Really appreciate it. And that's why our community is so great, because we have people reporting different things. contributing with their insights. I love you guys. Thank you. Thank you, everyone who is part of our community already. If you aren't a part of our community, do consider becoming a PIF member. Leave a like if you enjoyed this live. And until next time, make sure to take care of yourself. As-salamu alaykum and peace be upon you all.