assalamu alaikum everybody I hope you are doing well a very very red day in the market today by the way is monday march tenth and you can see from the screen here that I'm sharing how red we are everything is deep red basically except for you know maybe small corners of the market with utilities and energy but everything that we're used to having pop in the right direction is now reversing course and a lot of names have provided us with really deep value deep opportunities to buy at discounted prices. So if we're looking at the S&P right now, we peaked basically in Wednesday, February the nineteenth, we peaked at sixty one hundred. Today we are at, you know, we're close to fifty six hundred. So a dramatic reversal in the past couple of weeks. The VIX is up twenty three percent. People are nervous about the geopolitical situation. People are nervous about tariffs with China, tariffs with other countries. Some people are saying that, hey, this may be Trump's plan. Tank the market, tank the economy, force the Fed to cut rates. And that way, when... More than seven trillion dollars needs to be refinanced later this year. We have lower interest rates in order to refinance that debt. I don't know how much Trump is aware of any of this, but I do know that he is very sensitive to what the market is doing. So I think that there will be a lot of policy changes, maybe tone changes, reversals in some of the threats that were made. And I definitely expect Jerome Powell to be a lot more dovish in his next comments. Because the stock market can cause a recession because of the wealth effect. People feel like they have a lot less money when their portfolios go down and that causes them to not spend as much. And that can really cause the economy to slow down. Jerome Powell is very aware of this. And so I do think that the Fed will strike a much softer tone That being said, I remain at my position that I think in the near term, we are setting out for an easier monetary policies, some surprises with regards to the probability for interest rate cuts and how soon they come. And then for the medium to long term, we're looking at a setup for a stronger economy, stronger earnings and stronger growth as a lot of the spending shifts from the government sector to the private sector. So I think right now we have a lot of great buying opportunities in the market. Looking at some of the names here. So MicroStrategy, we talked about MicroStrategy last week. It's down seventeen percent today. Tesla is down fifteen percent. We'll talk more about Tesla. Bitdeer is down close to ten percent. Iris Energy down fifteen percent. It's now at six dollars and fifty cents. Bitcoin now sports a seven handle at seventy eight thousand. Solana is at one hundred and eighteen. Doge is at fifteen cents. It's complete capitulation across the board. And. My dear respected brothers and sisters, I do believe that this is where the professionals and the novices tend to separate one another. The professionals are thinking, bye, bye, bye. The novices are thinking, oh, it's time to panic. Now, we are due for some important economic reports this week. On Wednesday, we get the core inflation rate. And I mean, if true or true inflation is any indication, we should have a cooler print than what we got in the month prior. And in fact, if you look here. It does look like at least as per true inflation. inflation has fell off a cliff. And that's why these tariffs may turn out to be deflationary as opposed to inflationary, because consumer confidence is dropping like a rock. And when consumer confidence drops, their spending drops. Spending drops, demand is destroyed, prices drop as well. So Contrary to popular belief, these tariffs may end up being deflationary as opposed to inflationary, and that will have major repercussions on the monetary policy that the Fed takes. Now, talking about some of the deals that are in the market right now. There are deals everywhere. Basically, anything you hit will probably do very well if you're able to hold on to it. So there's egregious mispricings. And before I go into the egregious mispricings in the market, we are... Running a Ramadan special, thirty five percent off of plans, premium or elite link to become a member is in the description and hurry because there are only a certain number of seats available. Now, in terms of Tesla, it is now at the same share price it was at in twenty twenty. And this is a company that has grown substantially since twenty twenty. If you look since twenty twenty, revenue has went from thirty one billion to ninety seven billion. Vehicle deliveries went from half a million to close to two million, so quadrupled. Net income went from point seven two billion to seven point one three billion. And by the way, the net income in twenty twenty four This is the seven point one three billion was half of what it was in twenty twenty three. There's a lot that went into that, including expansion and new models and costs of materials and all of that and reducing the price prices of vehicles. But, you know, income peaked in twenty twenty three where it reached fifteen billion. So we're still at ten times where we were in twenty twenty. And yet the stock price is the same. look at bitcoin bitcoin erased all of its post-election gains and yet we have a lot to be bullish about with regards to bitcoin we have easier uh crypto custody for banks and firms that's going to be huge for this asset over time because instead of and and this is because regulations were rolled back that the sec passed that required banks and firms to hold crypto as basically liabilities at fair value. That is all gone. So now you're going to have lot of banks and corporations holding uh more bitcoin and crypto generally uh on their books but bitcoin primarily we have a friendly sec a friendly administration for crypto the etfs are growing bitcoin strategic reserve we have this uh the united states sovereign wealth fund that's probably going to be buying bitcoin certainly if they think that it's a good reserve They'll be adding it to the sovereign wealth fund as well. This is all stuff that did not exist before November. And yet the price of Bitcoin has retreated to those levels. And most importantly, what I always say is that when you want to figure out where the prices of assets are going, look at the liquidity, look at global liquidity. Right now, global liquidity is that green line. The Bitcoin's price is that blue line. Bitcoin's price is falling. There is a lag, obviously, between Bitcoin's price and global liquidity. I mentioned last time, it's basically a lag of fifty days. If you're looking at Bitcoin, it's a lag of sixty days. If you're looking at altcoins, But eventually, this lag, we're going to see the increase in global liquidity reflect itself in Bitcoin's price. And looking at this chart, it's pretty obvious where Bitcoin is going next. We just need, I think, a news event to break the momentum downwards. We'll consolidate and then we'll go up very, very quickly, I believe, because... the liquidity picture is going to change. There's going to be a rollback of a lot of these policies, a lot of these threats that are being made. And I think now is really the time to build those positions that you really wished you built previously, but didn't. Now's your chance to get in on some of your favorite assets. If you believe in the thesis and the thesis is intact, The macro will solve itself over time. That's what I always say. I haven't been wrong yet, inshallah, and I won't be wrong in the future, inshallah. All right, so going to questions very quickly. I hope everyone is having a wonderful Ramadan, inshallah. Pockets are empty, buying the dips, but the dips don't stop. Yes, indeed, inshallah. I believe that, you know, With whatever you can, as Michael Saylor says, if you have two chairs, now is your chance to sell one to buy the dips. Salam, beautiful people. Salam, Amin. Nice to see you. A stock market would affect your YouTube lives? Maybe. But I'm not sure how the wife and kid will feel about that if I'm going live on the weekend. So we'll see. Assalamu alaikum, Zaheer. Nice to see you. Salaam. Thoughts on Tesla declining sales in Europe and China. So a lot of that was based on the Model Y and then switching out. So the sales are the same as just the deliveries. The sales are still growing. It's just the deliveries that are different. They're switching out the models and that's going to cause a... a slip in deliveries that's to be expected but I think they're going to pick up to where they were and exceed them inshallah Assalamualaikum, thoughts on cryptos like Sol and Doge dropping another twenty percent. The recovery of these cryptos, I think, will be pretty dramatic as soon as as soon as sentiment in the market changes. I understand you tell us not to tie Musk with Tesla, but it seems he pissed off many people and thus they are targeting companies he owns. How should we navigate this issue? There are many companies in previous times where they've had a lot of issues with their brand. And the brand has recovered. If you take Chipotle, for example, and the E. coli outbreak that happened a few years ago, it was put behind them. BP and a lot of the scandal that happened there, that was put behind them. So I do believe that brand damage can be recovered from, but there has certainly been brand damage done to Tesla. That being said, in terms of someone who invests based on the fundamentals, this is creating an opportunity for me because the brand is not the fundamental. I am investing in a stream of future cash flows, and I do believe that those future cash flows are as promising as ever for the company that is Tesla. And so the brand will eventually recover the current dip in their brand value and perception is an opportunity. This is good, right? As long as it isn't taking too long. I don't think it's going to take too long because stock market dips like this can cause a recession. So there will be policy responses to a dip like what we're experiencing today. And there's a lot of tools that we have in our tool chest, as I mentioned. Top of the list is the is the interest rates and them right now being very far from zero. There's a lot of room to cut. Um, don't like ETH. Hey, which China stocks will you recommend at this moment? I'm not really a big investor in China. I'll probably invest in something like Turkey before I invest in China. Can you explain how liquidity correlates to BTC? Well, uh, you know, a rising tide lifts all boats. So more money, uh, there is to invest, uh, obviously the more demand there will be for the highest quality assets. Does Elon being on Trump's team hurt or help Tesla? I think from a fundamentals perspective, it probably helps Tesla because he probably can get some, maybe a regulation if they need regulation for full self-driving, he could probably expedite that process. But from a perception perspective, it's not helping. So what's your thoughts on Elon's political involvement affecting long-term Tesla prices? I don't think that's going to affect long-term Tesla prices. And to be honest, I'm not sure Elon's going to stay with Tesla long-term. I mean, he's been in Washington for a number of months now. I don't know how much he's involved in Tesla at this point. He's been working on Doge. So, you know, maybe it's his involvement is, you know, the necessity of his involvement is far below many people perceive it to be. As-salamu alaykum, new member. Nice to have you as a new member. Needle Pro Australia. Does PIF have an ETF? We don't have an ETF, perhaps in the future, inshallah. If you have any questions, feel free to reach out to me on Discord. Happy to help you out, inshallah, in navigating the site. Do you know Invesco Dow Jones Global Development? Oh, okay. So Kevin was responding to our day. Thank you for being helpful. That's why we have the best community of halal conscious investors out there. Don't forget, thirty five percent off Ramadan special. Make sure you secure your seat while they're still available. Not financial advice, but my perception of what is happening right now is that it is a blessing in disguise. Now we have the opportunity to accumulate at far more discounted prices than we have had in a long time. So that's my two cents. Take it for what it's worth. Leave a like if you enjoyed this live. Until next time, make sure to take care of yourself. As-salamu alaykum and peace be upon you all.