As-salamu alaykum, everyone. I hope you are doing well. Some pretty exciting times in the market. Today is Monday, June ninth. And as I am speaking with you, we have cleared the one hundred and ten thousand dollar mark for Bitcoin. We have a really nice setup going on for the market, which is bullish in the near term. And so we'll talk about what that bullish setup is. Just going over some of the movers of today. The indices themselves were pretty flat. Russell was up point six, nine percent. S&P up point zero nine percent. NASDAQ up point one seven percent. Some of the names that we feature in our portfolio were up. Pretty handsomely today. Tesla recovered again today after recovering on Friday up five percent. Bitdeer was pretty flat. If you look at Bitcoin, as we mentioned, one hundred and ten thousand. Dogecoin is five and a half percent, we'll call it. right under the twenty cent mark so things are looking good and as I said I think there is more gains to come inshallah before I get started make sure that you take advantage of the adha code of how twenty five for thirty five percent off of your pif membership Because I really didn't advertise it until a day before I ate and then we took off, I'm going to extend the promotion until this Sunday. Give people an opportunity to sign up using that code. Don't miss it. And speaking of the setup that is bullish for markets, we had basically one of the best two months after a pretty terrible April. We had one of the best two months after that. in the markets. And when you look at how the market has done, how the S&P has done after two months gains of twenty percent, they're pretty encouraging. So if you look at the one month, three months, six months, twelve months time periods, historically speaking, when you have two months of twenty percent gain, Basically, you're always in the green after that. The average, at least in terms of averages, the average in one month is up eight point two percent in three months is twelve percent. Six months is sixteen percent. And in twelve months, the average gain is thirty percent. The if we look at. So the percentage positive is basically a hundred percent. If you look at all the years, right, and compare it to the performance after a two month run, like what we've had, you can see the percentage positive is sixty percent on a one month basis, sixty six percent on a three month basis, seventy percent on a six month basis and seventy three percent on a twelve month. basis. So our odds are better if history is anything to go by. But what you should learn from this, the sixty, sixty six, seventy, seventy three percent, those are the odds of positive returns as the timescale is elongating. So going from one month to twelve months, what you should learn from that is that stocks become less and less risky the longer your investment horizon. And so really the The number one advantage that anyone can take advantage of, regardless of their level of experience in the market, is to have a longer time horizon because that increases your odds of success substantially. All right. So in addition to the two month greater than twenty percent return that we just experienced, if you also look at just from a seasonality perspective, we are in the midst of basically the best time of year and we're we're starting that the best time of year basically for the percentage returns on a four week basis the four week rate of change and this is based on data from nineteen twenty eight to twenty twenty four you can see the rate of change is positive um And increases until we're basically towards the end of July, beginning of August. And then in August, that rate of change starts to drop. Still remains positive until you get to October where it flips negative. So we also have that technical wind in our back. But from a fundamentals perspective, earnings estimates now surpass prior highs. which is very encouraging because I am a fundamentals-based investor. After all, the technicals are nice to see every now and then, but the meat and potatoes of the investment strategy is based on fundamentals. When the earnings estimates surpass previous highs, that's a very bullish signal. And who knows, maybe we get a deal between China and the United States. That would be definitely a big catalyst, not only for markets generally, but for earnings estimates as well. And BTC, we mentioned we cleared a hundred and ten thousand just before going live. It is following, and I've mentioned this many times on this live, really in order to predict the cheat code, if you will, to predict where BTC is going is simply to figure out what the state of the money supply globally is, because this is a global asset. You can buy it anywhere in the world. and so the if there is a lag so if you're looking at the money supply and it's going up and maybe btc hasn't followed that's normal that's par for the course but you can be pretty confident that it will follow if history is any guide as I like to say. And so we can see the movement of BTC as it compares to the global money supply is very, very closely bound with one another. The correlation seems to be, at least in recent history, extremely, extremely strong. So if this is anything to go by, It should feed into your FOMO and should suggest at least a BTC price that may approach one hundred and fifty thousand closer to the end of July, beginning of August. Now we do get some important data points this week. You know, Wednesday, we have the CPI report. That's basically the most important piece of data before the fed meets in this next June, seventeen, eighteen meeting. And then the next day we get the producer price index. So that's basically. an early indicator of what CPI is going to read later. So it's important that the producer price index not be too hot. And then Friday, we get the preliminary consumer sentiment reading for June. So important data points this week that will most certainly impact the percentage or probability of a Fed rate cut in its upcoming meeting right now. The market is pricing in a ninety nine point nine percent chance, basically a certainty that we will not get a cut in June. I happen to agree with that. And if you look out to July, the probabilities of a cut are also very small. You have to really go out to September to get basically coin toss in terms of probability between a cut of twenty five base point and no cut at all. Now, if you look at true inflation and what it's suggesting, we have risen from our April lows in terms of inflation. But then again, the outlook for the economy has improved. But so we'll see how this reflects in the CPI reading. I wouldn't be too surprised if we got inflation. A reading that was a bit hotter than expected. I wouldn't panic in that case. We are getting some encouraging signs regarding especially housing in the United States cooling off. And that was really a major, if not the major force behind inflation in recent memory. Speaking of inflation, a new airdrop is coming for the token called USD. You may have heard of it. Trump is in his big, beautiful bill. Trump suggests Trump accounts, basically. He liked the branding, Trump accounts, that would basically start every newborn in the United States with a thousand dollar bill. a thousand dollar investment that their guardians can control, which can be used for buying stocks. So a thousand dollar stock account, not a bad idea. I think it's very important, especially for parents of younger children. This has more and more of an impact because the the compounding time is longer, it's very important for parents to get started investing for their children. It makes it much easier to cover their costs later in life when they go into college and have other bigger expenses starting saving for your children with you know smaller investments earlier can pay off big dividends later in their lives so not a bad idea but I mean it does kind of highlight the fact that this is really an inflationary currency that we are printing more and more of. And it's very imperative that you try and protect your purchasing power with an asset that is going to beat the rate of inflation. With that being said, if you'd like to protect your purchasing power by following our portfolio move for move, then do become a PIF member. I think it will pay for itself many times over. Check it out. Link in the description below. With that being said, let's go to questions. Salamat Rashad. Nice to see you. Eid Mubarak. Eid Mubarak, Sister Lubna. I'm worried about holding Tesla as Musk is making more enemies. And now the president himself, what are your thoughts? So if it was easy, everyone would do it. And, you know, investing is never sort of in any companies, never sort of clean cut. There's always things that make you nervous about a certain position. But I think that focusing on the core thesis is the way to go. The core thesis with regards to Tesla is that it has its, in addition to EV production, right? Which I think it's depending on who you ask, either number one or two, depending on how you look at it. I mean, in terms of units, obviously BYD sells more in terms of revenue uh tesla uh if you're talking about evs I'm not talking about the other you know hybrids and other things that byd sells if you're talking about evs then definitely tesla beats on revenue. The average selling price for Tesla is multiple times the average selling price for a BYD EV. So it's either one or two maybe in the EV race. But if you're looking at full self-driving, I think it's clearly number one. If you look at humanoid robots, I think it's It's the only company with the type of depth in artificial intelligence and robotics that they have. No other company comes close. And in terms of battery packs, they also seem like either... In terms of scale, definitely, I think they're number one, but... So these are three multi, multi-trillion dollar industries that I think will have insane cash flows in the future. And if you look at the health of their balance sheet, it's rock solid, thirty seven billion in cash, seven billion in debt. And they keep investing aggressively into, you know. expanding their capital base, more and more factories, more and more infrastructure becoming more and more vertically integrated. So, you know, with that being said, I think that's the signal. I think the tweets that come from Musk and his relationship with Trump, although, you know, understandably hits investors' radars, it's It's still noise. It's not signal as it relates to the fundamentals of the company itself. So how many, autonomous rides people take in the future is not going to be impacted by the current spat between Elon Musk and Trump. How many, you know, humanoid robots people want to help them in their daily lives to demand for that. And that's not going to be impacted by the current Twitter beef. And so focusing on the signal is very important. And I think, you know, we've been, I've been in the stock since, you know, before two thousand nineteen. And so You know, I understand the majority of the gains come in a very short period of time and the rest of the time it's basically chopping. Sometimes you're dealing with crises, but I think that we're at a point where, you know, the majority of the weight is over. The RoboTaxi experiment should start in Austin this week. And so that's very exciting. I think that could really trigger growth. a series of very fortunate events for Tesla and for Tesla holders. If you think BTC will hit two hundred K by the end of the year, why do you plan to sell in Q three unless if you think it will hit two hundred K? So the the the name of the game is to go out you know before the top not after it now you want to sell into strength and not into weakness and I estimate Q three is is a good time to do that obviously I'm going to then the number one consideration here is liquidity levels globally and my forecast for them if it remains you know bullish in the next few months then then I will hold on to BTC. If I see it plateauing or even contracting, then I'll definitely sell. So that's the plan. Hey, Salamat Nadeem. Forgot to apply the discount code before paying. No worries, inshallah, we'll take care of it for you. Ahsan says, assalamu alaikum, Eid Mubarak. What do you think will be the CPI and PPI data this week? It's tough to say. It's tough to say, really. Yeah, I mean, I wouldn't be surprised if we got a bit hotter than expected CPI or PPI. But I think they'll probably be close to estimates. I won't deviate too much. I don't think there'll be a dramatic surprise. So we shall see. Hey, Salamat Adam. Kawan Eid Mubarak to you. When is RoboTaxi event? I believe it's the twelfth. So three days here. We're on the ninth today. I don't know what that means. Is Utma required for babies to invest? I'm not sure what you mean. Khalid says, Salam, is the discount for new subscribers? Yes, it is for new subscribers. The idea behind the discount really is just to give people a push to try the service. And hopefully people who have been with us, you know, it has paid for them many times over what they, what they, what it costs. So that's kind of the idea behind them. It's fun. If a company has activities with. Nice to see you, Sven, by the way. If a company has activities with a small portion in something higher on interest gambling, but vast majority of business activities is allowable over ninety five to ninety eight percent, would you still be comfortable? So the the rule of thumb I use is two point five percent. So nothing more than two point five percent is where I'm setting the limit. Hey, Salamat Khaled, nice to see you. Michael says, talk about thirty six trillion dollar deficit. Well, Michael, I think that. This suggests that more printing is. Is inevitable and therefore. Now we need to protect our purchasing power. there are different solutions here to do that obviously public equities is one something like bitcoin is another uh scarce assets generally you know if you're If you understand the market, real estate can be a good place to park some purchasing power. But the way as individuals we should deal with the thirty six trillion dollar deficit is to protect our purchasing power because that is going to melt away as more and more dollars are printed. The way that as humanity evolves and learns from its mistakes, hopefully, to look at a the choice to borrow and democracy is lethal to any society, any economic system, because over time people vote for candidates who promise them more and more stuff. And if borrowing is an option, then candidates will promise A lot of stuff, even if the country can't afford it and it will, and when they get into power, they will borrow in order to. fulfill those promises and stay in power. And over time that indebtedness just balloons and ends up, you know, sinking your country. And we've seen it many times before in different empires. And so I think the, you know, Alhamdulillah for the blessing of Islam, there's a reason why Islam prohibits interest bearing debt. And, um, whether you're Muslim or not, you have to acknowledge that there's a lot of wisdom in avoiding interest-bearing debt and actually considering it prohibited. Actually, if you look at Christianity, it also prohibits interest-bearing debt, but it's just something that they decided to forget collectively. So, yeah, I think there's a strong argument for prohibiting interest-bearing debt And I think it's pretty appropriate for Muslims to be leading the charge and advocating for this type of policy change. All right, says one quick one. Are we expecting drops like recent one in Tesla shares given the recent? Well, I didn't expect the recent drop. Obviously, you can't control Elon tweets, but I think that there are a lot of catalysts coming up. Inshallah. Obviously, we have the lower cost model. That will enable it, speaking of BYD, to compete in terms of even unit sales with BYD. But also, obviously, we have the Robotaxi event, and that should be very catalytic for Tesla. We also have humanoid robots becoming more and more advanced. And integrating those humanoid robots into production by the end of this year, into production activities in Tesla factories by the end of this year. So this is why I suggested that I think the weight, the choppiness in the Tesla stock performance is nearing an end here. And we may we may go to a different level soon, inshallah. But in the meantime, there's going to be bumps along the road. There's going to be, you know, Elon decides to tweet something and, you know, maybe that impacts the stock negatively, but I would take those dips as opportunities to buy. Abdullah says, regulations and law might be impacted by this tension between Tesla and Trump. They might be, but eventually I think that. The laws are going to follow the technology. Assalamu alaikum. Do you provide weekly stock forecasts? What is the benefit of joining your group? So we have the best halal conscious community out there. I really... benefit a lot from our community and enjoy their takes every day about the markets and our positions. You also get access to a portfolio that I manage. for PIF, the PIF master portfolio. And you get notified move for move, trade for trade. You also get access to our watch list, which includes conviction levels and upside potential that we've determined for different assets on our watch list and a ranking of those assets. So, you know, at any given point, you know, would we be buying a certain asset? Even if we're not buying on that day, you know, would we buy it? and also our conviction level in these different assets and privileged content, including insights and deep dives into names that we don't necessarily go into on these lives. And so, yeah, I think you get basically a community of halal conscious, very intelligent investors to give you inspiration and hopefully help you in your investing journey. I would definitely consider it. uh if it wasn't um if I wasn't already a part of it I think it pays for itself many times over as I mentioned uh cancellation of subsidy might hit tesla sales I think I think that the if we I think, first of all, the cancellation of subsidies for all EV makers. And so it may actually consolidate Tesla's leadership position in the market. And then also, I think that the full self-driving and its enhancements will. And perhaps people thinking about the income earning potential that owning a Tesla may provide for them if they're allowed to be robo taxis. will make up for the ev subsidy going away why is core weave so up today I mean isn't it up every day um yeah I mean it's I think it's price to perfection I I understand the thesis uh but I just think it's it's you know it's it's priced very very generously and you know things have to go exactly right to justify this type of valuation I like bitdeer because of its vertical integration and its play into the picks and shovels of bitcoin mining And the fact that it reimagined the ASIC from scratch. And so I think it's also one of those companies where, you know, we waited on it for a while. We still did well with it. I mean, we're still doing well. But I think, you know, it's going to have a pretty strong near and midterm and long-term potential. HM says Barakallah Barakallah brother I was with PIF last year and I can confirm it's the only halal long portfolio in the market and it's very helpful for the Muslim community thank you so much for mentioning that I really appreciate it brother thank you all for tuning in leave a like it really helps and until next time make sure to take care of yourself and Alhamdulillah Assalamualaikum and peace be upon you all