Assalamu alaikum, everyone. I hope you are doing well. Today is Wednesday, March twelfth, and we got the CPI numbers today and they were, as I expected, cooler than many anticipated. We came down from the January bump in inflation that we saw, and that's typical for January. The numbers for January tend to be kind of wonky because of the impact of holidays. And the fact that, you know, those holidays tend to not, that impact tends to not reflect the trend of where things are going. And so we got a cooler than expected CPI print this morning. And we got a strong reversal really in the markets to start off the morning, but then we were weighed down by additional tariff talks and so it appears that even though inflation is as a worry on its own is subsiding somewhat there is a bigger worry that is creeping up on the market Now, if we look at the indices, well, first the VIX, and that's what you're seeing on the screen right now. The VIX got a well-needed relief here. That's the market sphere index in response to the cooler than expected CPI print. So we're down more than nine percent for our VIX reading today. We're still above twenty, which is, you know, if you compare with the last few years is elevated. but we're headed in the right direction. Dollar index is up slightly. Russell is up close to one percentage point. The Dow Jones is up point three percent. The S&P is up just shy of one percent. The Nasdaq is up one and a half percent. So we did get some relief in the markets today on the heels of this cooler inflation print. If you look at something like Tesla, It got a really much needed bump, up more than eight percent after the free infomercial that Trump provided. Tesla with Elon Musk in front of the White House. Bitdeer is up two percent. Iris Energy is up close to one percent. Bitcoin is at eighty two thousand seven hundred. Doge is shy of seventeen cents. Solana is at one twenty four. Now, if we look at the map here of movers, we can see basically the market is green largely with exception to some of the defensive areas in the market utilities. The things that were green in previous days while the market is tanking now red. So it does seem to be the CPI numbers were a bit of a pick me up for the markets. The probability, despite today's numbers, the probability for a rate cut in May haven't really changed that much. If you compare the probability for a twenty five base point cut. Today, it's at thirty five percent. That's for me. That is one week ago it was at close to thirty eight percent. So not much response to the inflation readout this morning. Now, the reason for that is because the market is waiting for bad economic news because it's going to take some bad economic news for for the argument to cut rates to really strengthen, to motivate investors to think, okay, now we're clearly going to get a cut. As it stands right now, what the inflation read today kind of helped ease a fear of is stagflation. So inflation and a recession. But what it did not eliminate is what is top of mind for many investors, many institutions, and that is the probability of a recession. So let's talk about that for a second. So we mentioned inflation. inflation it hit two point eight percent uh year over year uh you can see here the the solid blue line it came down from the uh january read and I do expect uh that it's going to come down further in the next reading if we are to take true inflation's numbers by uh their word and so true inflation is actually showing inflation for March is slower than it was in February. And remember, I was looking at this metric to try and get a gauge of where today's reading would be at. And we got it right. So I do think that next month we'll probably get a cooler than expected inflation print if this trend continues. Again, we're at one point thirty two percent as per true inflation, which is lower than the Fed's target of two percent. But what is spooking investors now is Trump's talk about a transition period, a detox period that was said by the Treasury Secretary last week. Goldman Sachs raised its twelve-month recession probability from fifteen percent to twenty percent, noting that it sees Trump's announced period of transition as the key risk. This is really weighing on investors' minds and now more than the inflation worries. And JP Morgan actually sees a forty percent chance of a U.S. recession this year in twenty twenty five and a risk to the exorbitant privilege that the U.S. has enjoyed. If the U.S. is now viewed as a country with irrational and bad management, this is going to be a very off-putting for investors. The gains that U.S. companies, U.S. markets have experienced in previous years because of this privilege may be risked if current administration continues with its completely you know, asinine policies. Sorry to get political there, but you know, the tariffs are, you know, I get, And some people have assigned some rationalization to them. So one theory is that Trump wants to break the economy so that rates can come down so that the seven trillion, seven to nine trillion dollars that needs to be refinanced in the second half of this year can be refinanced at lower rates. Right now, rates are too high and the interest bill is going to be too high. So What is needed is a crash of the economy in order for the rates to come down and we can refinance our debt in the second half of the year, and then the economy will pick up and things will be fine. That's one theory here, but there really is very bad communication coming out from the administration with regards to what is the rationale for you know raising tariffs on canadian products twenty five fifty percent what's the rationale there who's gonna lose their job how many people are gonna lose their job which industries are going to benefit, which industries are going to suffer. There's no studies being put out about that. It's just completely, you know, I think twenty five percent is a good number. That's what we're going to go with. Same with Mexico. Same with China. What's the rationale behind these tariff numbers? Has any have there been any studies done on exactly what the impact of this is going to be? There hasn't been. There's just been some wild tweets made by the president. that seem to be just feeling-based and not really science-based. But my plan to deal with this is what I've been communicating to you for a while, what PIF members have been seeing me do, which is that I'm nibbling. Every day I'm nibbling on the best, on the top names in our watch list. I'm buying and adding, buying and adding every single day. I'm not backing up the truck per se with huge buys, but I'm nibbling every day and making sure that I take advantage of the discounted prices in the market right now. My plan, obviously, and this is what I would advise, is that number one, never invest what you need in the short term. Never use leverage. and focus on valuation with an understanding that historically speaking, macro has always solved itself. And I don't think that this time will be any different. As I always say, the most dangerous words basically in investing is this time is different because typically it's not really that different. It's similar to a previous time. So I understand that right now you may feel like or you may hear a certain commentary that makes you feel like the sky is falling. But we've been here before many times. You don't have to go back in history that long if you recall COVID and the panic that it caused at the time. Eventually, I think things will recover. And probably if one of the things that I think this administration is getting right is with regards to cutting costs and cutting spending. that is being done by the federal government. And if we are able to cut a trillion dollars from the two trillion dollar deficit that we are or two trillion dollars of budget that we're running, and we are able to balance the budget, then I think that we're setting ourselves up for a really strong economy, a return of investor confidence, and we may get lower rates along the way to help us tide us through the path to get there. So I do think that This time, inshallah, will not be different. If we just focus on valuations, focus on what we have, what we can control, and that is making sure that we're picking the best companies and we're not trying to time the market and we're consistent in our approach, I think that's going to pay off. Very, very well. And really, you know, investors are going to be rewarded not when they're doing what everyone else is doing and not when they're doing the obvious thing that... And not when they're just following their emotions. Oftentimes the best return on your investment is going to come when you do something rational despite the fear that is in the market at the time. And so I think the rational thing right now is to continue dollar cost averaging into the best names on the market. And that's what we're doing. And then so long as you're not investing money that you need in the short term and so long as you are not using leverage, you don't really need to check your portfolio that often. I know that when markets are in a panicked state or perhaps not responding to good news like you would want it to respond to good news, then reducing the frequency of the times that you check your portfolio is going to increase the quality of your life. So I would highly recommend that. I would also highly recommend taking advantage of our Ramadan, twenty, twenty-five promotion, thirty-five percent off premium and elite plans. So you can see move for move what we're doing, what we're buying and the target prices that we have for what we're buying. I think will pay off for itself many times over. And we have some members and member reviews that you can look at that prove that what I'm saying is, inshallah, going to be correct. So going to questions very quickly. Zuhair, assalamualaikum, nice to see you. Assalamualaikum, Kevin, nice to see you. I wanted to ask what you think about... Islamic developed global markets, ACC. I think that probably needs its own standalone review. Amen. Let's not talk about individual positions. Ramadan Mubarak with all the hate that Tesla. Salam Lugnan, I see Ramadan Mubarak with all the hate that Tesla company is getting from the CEO, political involvement. Do you think Tesla stock is still a buy? Yeah, I do. It's by now probably more than it has been in a while. Eventually, these news headlines are going to subside. The new administration is going to settle in and investors are going to stop being spooked by every weird headline that comes out of the administration. They're going to kind of get used to it. So far, the tariffs haven't had much of an impact yet. And the administration has shown a willingness, although not admittedly, but a willingness to roll back a lot of what it says. So I think Tesla is going to be fine. And in fact, I think Tesla is going to do very well over the next twelve to eighteen months. All right. Glad you enjoyed these lives, Midas. Do leave a like if you enjoy these lives. It's tough to say, Amir. With regards to Tesla, I think they're in a privileged position having such a large presence in China itself. So they don't really have to deal with tariffs. Assalamu alaikum, Cass. Hopefully. So the question is, do you see things settling down politically? Yeah. I mean, obviously, that's the hope. There's been a ceasefire in Ukraine. That's great. Inshallah, they're able to reach an agreement. And that will be very good for, I think, markets, the level of nervousness there. That being said, if they reach an agreement that basically gives Russia everything it wants, we're just basically setting ourselves up for another bad thing to happen in the future. Because whenever injustice wins, it just... ends up setting the world up for an even graver injustice um in the future so it's very important that the good side always wins it's like um It's like, you know, I'll give you an example that's close to home. So, you know, there's the Hamas massacre that happened in the eighties and rebellion was basically put down. Tens of thousands of civilians were killed in Syria, that is. And, you know, someone could argue and it was argued that this was, you know, great because it saved a lot of lives that the rebellion stopped. And basically that set the country up for rebellion. another thirty years of oppression, and then fourteen years of basically hell that it had to go through in order to finally get rid of the regime that they had. And I think that the fourteen years of hell that they had to go through, that Syrian people had to go through, were set up by the initial win that the regime had in the eighties, which And so in the case of Ukraine and Russia, you're talking about a country that unprovoked, attacked another country, took over land from that country. And it's now just by sheer force going to be able to hold on to that land that it took over. unjustly and so that's going to set up the world for something that's going to come after that's going to be worse than the this conflict so people idiots like uh people saying I have to say Elon Musk has been quite the idiot on this topic. Trump as well, you know, just stop the killing, just stop the killing. Well, every war can be ended immediately if one side just completely capitulates. The question is, well, on what terms is the war going to end? Is it going to end by, you know, giving every person what they rightfully do? Or is it going to end by appeasing the belligerent force? And apparently, with the end of this war, it seems like in the near term, it might come with appeasing the belligerent force that maybe opens up the path for China to take over Taiwan, maybe opens up the path for other countries to think about taking over land in other places. So yeah, that's kind of how I see it. Okay, another positive review for the timing of this live. Ibrahim, Salam, what is your opinion? If you signed up for the cast, I see your comment. If you signed up for a membership during the promotion and didn't use it, I'll be able to take care of that for you. Ibrahim, what's your opinion on prop firms? Not the topic of this live. Shuaib, Shaykh, Salam brother. Nice to see you. Salam Dr. Boss. When do you decide to exit an entire position when it has reached euphoric levels? Yeah, it's either based on the price becoming overvalued. I no longer believe in the thesis. There's a better place to use my money. So I still have conviction, but I just have more conviction somewhere else. Or the position becomes uncomfortable for me from a halal perspective. Yeah, this dollar cost averaging is how I take advantage of down moves. All right, guys. Thank you all. Really appreciate it. 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.