Why Crypto is Celebrating The Midterms Elections! Transcript, AI Summary & Key Points

00:00 You know what market want? Markets want certainty. That's all they want. Markets just want certainty. And now they have their certainty. And now the markets are responding, right? So this is the the the Bitcoin chart. You can see that as the election results started to come in. We had Bitcoin going down. This is a one on a 1 hour chart. So it's pretty low.

00:18 We went as low as 75,628 and then we started to bounce. we started to bounce and in fact today we higher than we were before the election uh the the election results started coming in from yesterday. If you look at the old coins the old coins are I would say relatively green after the after elections then you look at oil and this is the chart that I told you to look at.

00:39 I said you look at oil because oil is going to tell you exactly which way this is going to go and you can see that oil is basically starting to come down a lot because the markets now have their certainty. Look at the NASDAQ. So the NASDAQ put in the same pattern as Bitcoin all the way down went down about to 27,613 and now climbing back up to 28,440.

01:00 And lastly, look at the S&P. The S&P is up about 1%. So now the markets have their certainty after the midterm elections. What is that certainty? What are the markets actually celebrating? What are the markets actually looking at? Well, they got the certainty that they expected. They expected a Democrat clean sweep. In fact, the prediction markets called a Democrat clean sweep and we got a Democrat clean sweep.

01:20 And I mean, yes, we got a Democratic clean sweep. It was it's it was an it was an annihilation. It was a obliteration, right? They're talking about the Democrats having 392 seats and the Republicans having 146 seats. They're calling it the biggest Republican loss since the 1974 uh uh election, which they called the Watergate election. Right. the the they lost 47 seats, 40 in the House and seven in the Senate so far, which is like it's it was it was an absolute absolute annihilation.

01:54 And even though it was an annihilation, the one thing you can say is that the the the one winner here, one of the winners here other than the Democrats was actually prediction markets. So prediction markets actually called the whole thing. remember everything that the prediction markets called. In fact, here this is what what we did an analysis on Claude and we said compare what the prediction markets called versus the actual results.

02:17 So prediction markets called the the Democrats winning the House and the Democrats winning the Senate and and the the clean sweep. And that's exactly what happened. Um and and 10 out of the 11 races that were the that were won by the the um the market favorite or the prediction market favorite were actually won. These were the contested states. I mean if you want to look at the at the bright side of it and there are some bright sides here is that prediction markets actually predict this whole thing and prediction

02:44 markets is something that didn't even exist a couple of years ago before crypto. So we are we are making a lot of progress on that note. Um if you want to learn to trade prediction markets and I must say I'm not a very good predictions market trader, right? I haven't been a very good predictions market trader. It's always been on on the list of things that I want to do to like I want to become a good predictions market trader, but I haven't actually like had time to get in.

03:05 I think this might have been the thing that actually pushed me over the edge. Seeing how accurate the prediction markets were relative to to to um to like the old days when we used to do polls and stuff like that just makes me say, "Hold on a second. Maybe, you know, the future actually isn't prediction markets." No. On that note, Hustle Johnny, who's one of our hosts here, is actually doing a prediction market um training challenge.

03:27 He teaches people how to trade prediction markets. He's doing it specifically around around soccer, around Champions League, but it doesn't matter because he teaches you how to trade prediction markets. If you want to, it's free if you want to sign up for it. It's it's absolutely free, but it doesn't matter because he teaches you how to trade prediction markets if you want.

03:43 It's free. >> Yeah. Just go to here. You'll find uh Hustle's challenge over here. He teaches you he'll challenge you double to double your trading account um using prediction market. So, go and check that out because Hustle's really good at prediction markets. He's made like 7x his account actually doing it. Um, which and and for me like I don't really know prediction markets very well.

04:00 I think I think it's very good. Um, all right. Let's talk about like the Democrats win because it was a massive massive massive win. It was a landslide. It was it was worse than the Republicans could have imagined and better than the Democrats could have imagined. I mean CNBC is known as quite a a left-wing organization and like listen to to what they were saying this morning.

04:22 >> Don't wake me up. Don't wake me up. Listen, this is a new country. We're in a new country. There is a Latina governor in Texas. >> Texas. >> There is a a black female governor in Georgia. Listen, what happened? What happened? We saw this happen in California when the Republican party in attacked with Proposition 187 attacked the immigrant community, attacked the Latinos, and it turned Texas, it turned California blue to this day.

04:49 A quarter century later when the Latino community realized Republicans did not care about the humanity, didn't care about their children. It turned te it turned California blue. The >> So now Texas So now even Texas has basically been turned blue. Texas has been turned blue. Remember this guy that we spoke about yesterday and we were like joking like if if he w if he won Terico if he won we said they must change change the world the word the name Texas to tax us.

05:16 Well he won. He won. He he he he literally won. It was it was a slaughter slaughter slaughter. Um another big uh surprise let's say was Abdul Alsad who won the Michigan Senate. He's the first Muslim senator to be to be appointed. Um, I want you to listen to to his uh his victory speech is Muhammad. He just says in my name my my name is Rahman Muhammad and I am so proud and honored to stand here as your senator elect from the great state of Michigan.

06:06 Up until right about now, you might have noticed I always say inshallah or God willing whenever the outcome of this race was mentioned. But today, tonight, we can turn that inshallah into a alhamdulillah. This is the new America. This is the new American. this >> for the for the right-wing ops. That just means praise be to God. >> This movement for money out of politics, money in your pocket, and Medicare for all.

06:51 I I just want to thank you everybody who knocked the door, made a call, sent a dollar, posted a story, and most important, so Michigan was supposed to be Michigan was supposed to be red and Michigan landed up falling blue. Um, you realize that he played a lot on the fact that he's he's Arab and he's and and he's Muslim. He wasn't the only one that actually played on that.

07:13 If you look at Abber Kavas who won in New York State, right, she was elected in New York State. I mean, she literally went and posted a Palestinian flag. That that is that is the new America. That that is unfortunately the new America where people are celebrating um religion instead of celebrating a country, right? I don't think that the elections are supposed to be about religion, but in this case, I think that they basically are.

07:34 Anyway, you now have the Democrats celebrating. I mean, big celebrations from the Democrat. This is Chuck Schumer. >> Against all odds, we Democrats have won the Senate. And we have five words for the American people. Relief is on the way. Republicans had a choice of following Trump over the cliff. Even though Trump policies made American families pain much worse, we never wavered.

08:07 We listened to the American people what they wanted. We talked to them. We sat down in their kitchens, in their living rooms, and said, "What should we do?" And they told us, and we listened. We listened. They didn't. And the American people reduced the red brick wall to a pile of bricks. And as a result, there is now a generational remake of the Senate map that is going to change America.

08:40 now and on into the future. Americans voted for change and now Democrats must deliver. I hope Republicans learn the lesson that they failed to see up to tonight. Listen to the American people. Listen to the American people. They want us to focus on >> So, a Democrat clean sweep. Democrats have got the House. They got the Senate. um a new like a new regime in in the United States.

09:13 A lot of states that were actually red before have now turned blue. A lot of Yeah, I mean really lot lots going on there. If it were if I were to narrow down for you what it was that actually caused this loss for the Republicans. I can say to you very simply, it was this chart over here and that is the oil chart and it was around all of this was was around was around the war on Iran.

09:32 This is this is pretty much around the war in Iran and specifically around the oil price and the petrol price and the diesel price uh around the war in Iran. Uh according to exit polls, 74% of voters said that Iran the Iran war was a crucial um was a crucial factor in their in their vote. 62% of those voters side of the Democrats in today's election.

09:53 So you're basically looking at saying if there was one thing that basically caused the Republicans to lose this election, it was Trump's stance on the Iran war and the fact that he couldn't end the Iran war. And as a result, you had high oil prices. High oil prices got people at the pumps. Uh uh uh those people basically basically I mean if you look at if you look at the votes, this guy says, "I voted Democrat and for the first time in my life, my grocery my groceries are high, my bills are high, my gas is high, life

10:19 quality in America has declined, and we're all still fighting wars in the Middle East. I'm done with the Republicans until they prove that they're competent. So, massive massive massive hit for um for for uh the Republicans and particularly because of the Iran war. Now, um Fox News actually spoke to Trump and this is Trump's view on on on how he sees the Iran war.

10:43 >> Martha mentioned about the war. Clearly, that's a message in some of the polls that we see in these exit polls that >> I don't think it's a war though, Brad. I think it's the gasoline price. Uh people agree with what I'm doing on Iran, but they really probably weren't willing to do the shortterm consequence of playing paying more for gasoline. And that, you know, I understand that that's it's like I don't agree with it.

11:06 I would say to people, you know, it's a short-term it's a short-term problem, but for long-term gain, but you know, is too bad. Hey, look, bottom line is uh they were not able in many cases to get the votes. >> So, I mean I mean Trump basically saying no, the people agreed with my stance on Iran, but they just weren't willing to pay the increased prices.

11:28 So, it's all about the increased prices around around Iran and you can basically say that Iran basically won these elections or lost won the elections for the Democrats, lost the elections uh for the Republicans and some of the Republicans actually admit that. Governor Ronda Santis, he basically I mean you can listen to what he said >> it and some of these Republicans are saying oh well the gas don't worry you know it's no big deal like or they're trying to blame Bid for no listen we just got to be honest gas is higher

11:54 it hurts people workingass people and it's higher because of this conflict that's just a fact if you can't admit that to voters then you're gaslighting them and they're not going to listen to you on other things and some of these Republicans are saying >> so that's basically what is it's all about the war. It's all about It's all about and it's not really the war.

12:13 It's about the the consequence of the war. It's that inflation. It's the gas prices going up. It's every other price going up. Americans have basically just had enough and basically um now we have we have a clean sweep for the Democrats. Um yeah, and move into we move into a new era. So with that in mind, I mean the Democrats get sworn in in in January.

12:34 What happens between January and the end of Trump's term, which is two years away, right? So Trump still has this is the midterms. He's got about two years left. Um, yeah, Iran Iran Iran won the US elections. I mean, that that's a that's actually really good. I'm actually going to tweet that. Uh, thank you for whoever that is. Uh, just have a look. Let's just call it here.

12:50 Iran won the US elections. There we go. I've just tweeted you. You can go and look up by Twitter. Um, the only way for Republicans to basically control barely control in 2028. Okay, they're talking about 2028. We we'll actually look at that in a second. Let's talk about what happens for the next two years because Trump is still in power for for the next two years.

13:15 Now, here's basically what happens. They call it a lame duck presidency, right? Because the Democrats hold the House and the Democrats hold the Senate, Trump actually remains the president, right? But there's a whole lot of things that he can't do. Like for example, he can't pass any new laws cuz he needs parliament with and he needs the Democrats. Basically, all his laws are going to be blocked, right?

13:35 He can't get money, right? because now Parliament controls the budgets which means no more funding for his MAGA project. Okay. On top of that, he faces impeachment risk and you know the Democrats are now going to launch a lot of investigations into the Trump family. I'll show you a couple of things in a second, but basically there's going to be a lot of investigations.

13:52 Also remember he can't appoint judges. He can't appoint judges without the Democrats actually agreeing. So he can't appoint judges. So if any of the the Supreme Court judges become available, basically he can't appoint judges. He can't do big foreign trade deals because he needs he needs the the parliament the parliamental nod. So basically he stays in the White House.

14:14 He signs executive orders and that's pretty much all it all he does. It's called a lame duck presidency. That's basically what it is cuz it really has it really he really has no more real powers, right? Um so that's basically what happens. Um in terms of Trump, now remember the Democrats can actually start they're going to control the floor. They're going to decide what gets heard on the floor, which up until now the Republicans have decided.

14:36 So the Democrats have written them letters and said, you know, we object to this and we object to this and we'd like to have a hearing through this. And the Republicans basically just ignored it. And now they can't ignore it anymore because now the Democrats are actually going to control the floor, which means there's going to be a lot of subpoenas.

14:49 There going to be a lot of hearings. They're going to put a lot of things out there that shouldn't be out there. This is Trump's master plan. So here's Trump's master plan. um going to have to work in the last two years with a Democratic House and a Democratic Senate. How do you approach that? And what do you how do you how do you look at that? >> It's been done before, as you know, numerous times.

15:10 And uh it's a power of veto. It's one of the stronger powers that a president has. And they'll send over things that are insane and I'll veto them. and after a couple of months of vetos, they'll call and they'll say, "Uh, how do we get this stuff done?" And we'll work together. You know, I have a lot of friends that are Democrats, believe it or not.

15:29 I've already spoken to some of them. I've had four calls from meaningful Democrats and uh people uh in two two senators and three congressmen actually. So, it's a total of five and they have three waiting to call me. So, I don't know. They obviously want to talk but I have the power of veto and the power of veto is you know it's impervious. >> So President Trump I'd love to hear you know how you think you can work with them but I think >> he says I mean Trump says he can't work with him on on on on transgender matters.

16:04 He can't work I mean you might want to hear this. >> The first question that I have for you is is what do you think the takeaways are from from tonight? You know are there anything that you would that you would change? I know you said in a comment just a moment ago, you know, maybe a bit of it was >> he said he can't work with them on on transgender issues and and he brought up a whole whole lot of issues that he can and can't work with him on.

16:23 Uh but effectively he basically I'm going to just veto everything that they do. And he actually followed up with this post on True Social where he basically says uh a hat called veto. Like that's literally his plan is just to keep vetoing what the Democrats basically want to do. Um, Poly Market actually has a market that says that that says how many Trump vetos by the 31st of December and you can actually go and bet on that market, believe it or not.

16:46 So that's what it seems like. It seems like it's going to be in this lame duck parliament. It seems like not really much is going to happen in terms of passing new laws, in terms of getting new funding for new projects. There might actually be even funding problems like uh increasing the debt ceiling, right? because again they're going to need to agree to increase the debt ceiling cuz you know the the US debt clock is running and this is be this is going to become uh a bit of a problem.

17:12 Um let's talk about what the Democrats are going to do. So you know the Democrats have basically given Trump a warning here. So this is from the House oversight chair. Now listen to what he says. >> Chairman Robert Garcia just put a statement out. uh if they go on to secure the majority in the house, uh he would be the chairman of the oversight committee.

17:32 Uh he has two words. >> Quote, "Lawyer up as the message of um >> Harold." >> So I mean there's the signal that it's going to be a bumpy ride and that's the choice that at least Robert Garcia is making. >> Look, I think people are excited tonight. I hope it's just exuberance, a little irrational exuberance to borrow a term. >> Lawyer up. They're telling Trump to they're telling Trump and his people to lawyer up.

17:56 Um um Ted Cruz, listen to what he's worried about. >> If we have a Supreme Court vacancy, I think they'll keep the vacancy open for two years. I don't think they care uh because their base is that radicalized. I think we will also see two years of relentless impeachment. I believe the House will impeach Donald Trump if they have the House. Uh they may impeach him multiple times.

18:18 We will see subpoenas. We will see investigations. I think they will go after President Trump. I think they will go after his family. I think they will go after cabinet members. I expect in the lame duck we will see an impeachment of Pete Hegsth. I think they're eager to go forward with that. Uh and so I think it's just all out partisan war. I think Schumer.

18:39 >> So that's basically what what what they're expecting. They're expecting them to to investigate the Trump's crypto businesses because remember Trumps have made a lot of money in crypto. Trumpcoin, Melaniacoin, Will, Liberty Fire. I'm going to expect a whole lot of these subpoenas. And then you know the Democrats have an agenda on their agenda is end the war.

18:53 No no no aid to Israel. Tax the billionaires. This is coming from Ro Conor. You can actually hear it yourself. >> Of course that if Democrats win back the House and perhaps the Senate as well that Americans quickly assume that Democrats control Washington and if things don't get better immediately, it's on their shoulders could complicate prospects for 2028.

19:11 What What is the strategy? How do you sort of deal with that disconnect between Americans desire for change quickly and the challenges that the president may provide to you by not wanting to give Democrats any wins? >> Well, unfortunately, Donald Trump is still going to be president and he really has the responsibility as far as most voters are concerned, but what we need to do is put things on his desk.

19:37 Let's pass a living wage. Let's pass Medicare for all. Let's pass free child care. Let's end the war in Iran. Let's end aid to Israel. Let's end military sales to Israel. Let's make sure that we are funding a thousand new trade schools and free college. Let's show the agenda, what I call America's next new deal. Pass it out of the House and Senate and force him to veto it.

19:57 That will show that he's like Herbert Hoover. I mean, Herbert Hoover basically was ineffectual and that led to FDR. I believe the House and Senate Democrats should show a transformational agenda. If Trump signs it, great. then the American people are being helped and if he doesn't it will set the way for a new bold progress. >> Okay, so that's basically it.

20:16 So now that is what we can expect now. I mean let's just look at how the markets are responding again because I know that there has been some movement. So Bitcoin is responding very very well 79,322. The altcoins are flying basically because they have their certainty. Let's go back and look. The oil price has basically come down. The Nasdaq is also up 1% and and the S&P 500 up 1.5%.

20:39 markets have their certainty and that's why they're responding. They wanted certainty, they got certainty and now we can carry on go we can carry on going. The one thing that basically remember we went in there saying we we were we took a chance or specifically I took a chance yesterday. I said look I know the market's expecting um I know the market's expecting a clean sweep and probably we will get a clean sweep but there is a chance that there won't be a clean sweep and I'm going to take that bet.

21:05 But I'm going to take it in such a way that even if I'm wrong, I don't mind holding the stocks that I landed up buying. And that's why I didn't buy land up buying any crypto. I landed up buying a whole lot of stocks. Remember, I bought specifically the AI trade stocks and the data trade stocks. So, as you can see, these are the positions that I bought.

21:21 I bought um Coreweave, I bought Google, I bought uh uh Marvel, I bought uh iron, I bought SNDK. These are all the the data center plays, the memory plays, and some big AI players, right? And remember I said to you it was a very calculated play. The play for me was let me buy these things if there's a if there is a bad outcome on the elections or if the if the market gets exa if the election if there's a surprise in the elections those would have bounced.

21:48 If there's no surprise I want to hold those those stocks anyway. Why do I want to hold those stocks anyway? Because I really believe in the the AI trade. But the one trade that really got hit hard is the data center trade right? And the reason why the data center trade got hit hard is because specifically Texas, right? So this is what Jim Biano basically treated.

22:06 He said Texas is basically the home um uh uh of all the data centers. He says what I think is the biggest news from the election from markets. A Democrat won the Texas governorship for the first time in decades. But Republican still control the Texas House and Senate. Tex Texas will host 25% of all data centers coming online between now and 2030. Right.

22:27 Incumbent. Okay. So basically what happened here was that um uh uh Abbott got beaten by a by a blue c by a blue candidate, right? Um her name was I don't know how to pronounce her name. Gina Hinosa, how do you pronounce that name? I don't I don't want to butcher her name, right? Um I don't want to butcher her name. Um so she won that and that that is basically the blue wave basically uh put a dampener on the on the on the um the the AI trade and specifically a data center trade.

23:03 The Democrats don't like data centers. They against data centers. The reason they're against data centers is because it pushes up the power bills, right? So effectively I say look whenever you build a data center the data center comes in demands all the power pushes up the power bills for our local we don't really get you get a whole lot of tax breaks um we don't rarely get big uh full-time jobs and so effectively the Democrats are pretty much against these data centers and she won in Texas and the problem is that a

23:34 lot of these these uh uh a the future uh builds of data centers are supposed to be in Texas and So now you've got the data center the data center um uh uh uh trade getting hit even harder. Now this is exactly what I was waiting for. I was waiting for capitulation and all the bad news to be out in the data center trade. And now we can basically I think I think all the all the news is is is all the bad news out in the market and I think now we we wait and see how these data centers respond.

24:02 So right now coreweave down 5.3%. Um SpaceX also down 3%. This is very much an an anti- Elon anti- Elon stance. Remember Elon went in there against the Democrats, against the blue. Um, and he's he's in Texas. As someone said, Elon bet on the wrong horse. Jayok says that he now says data centers in space look pretty appealing right now because he knows that they can't be built in Texas.

24:25 Oracle actually Oracle is up today. Um, let's see. I I believe that now is the best time to buy the AI trade. I'm going to hold on to this trade for now. The reason why I'm going to hold on to this trade for now is because I just think that um to all of these trades for now is because I think that all the news all the the news is out for the um all the bad news out for the AI trades bad results AI bubble popped uh Democrats in power and I think that that once you get all the bad news out into the market I think that's

24:55 when when stocks actually start to run. So I'm going to hold on to these positions that I took on TX flow. Um yeah, I'm doing this on TXO because I'm actually farming points here. Um, I'm getting Yeah, I'm farming a lot of points here. You know, you you know that um if you want to farm points, just click on this link over here. You can trade on T Explore or on variational.

25:15 If you click this here, you get um you get a points boost and I think you get 5% off your fees. So, just use that link if you're actually going to do it. Um let's talk about crypto because Anatoli, who's the founder of Salana, basically says if you're in data centers, pivot to crypto. Um, let's talk about crypto and actually why crypto is responding like this, why we're getting such a a green day in crypto.

25:40 And I think it comes down to a few things. The first thing that it comes down to is they can't really touch crypto for the next two years. Now, what happens in 2028, that's another story, right? But for the next two years, there is no crypto legislation that's basically going through. There was the Clarity Act and the Clarity Act basically didn't pass.

25:58 And so the there is not going to be any cryptoreated regulation that is going to be passed in the next two years. We didn't need it. We didn't expect it. We knew it wasn't going to happen, right? We said if the Democrats come in, the Clarity Act ain't going to pass. And at the same time, basically the CFTC and the SEC have basically taken over regulating crypto without actually changing the laws.

26:18 And the CFTC and the SEC both reporting to President Trump. And so for the next two years, basically crypto is untouchable. It's like they can't do anything to crypto in the next two years. The one thing that they can do is you got um Elizabeth Warren who's going to be head of the fi the the the the um financial services committee. So she will have a much louder voice and they will have many more hearings about anti-crypto etc etc.

26:45 But remember that that's all just noise right like that's all just noise. the the SEC reports into Trump. The uh the um the SEC there's no regulation. Like crypto regulation was already stacked. The Democrat doesn't change that. Um the SEC and the CFTC only answer to Trump. They are continuing on their agenda. Their agenda is very much to uh tokenize everything.

27:07 That's pretty much um uh what their agenda is. So that's why the market's responding the way it's responding. again. Um, I haven't invalidated my thesis in terms of of the correction. Um, I mean, there are there are some really exciting signs. I I think maybe one of the things that the market is responding to as well is that they know when the Democrats come into power, all of these things that Democrats want to put in, if any of them pass are going to need funding and um yeah, and and they're going to need funding.

27:39 And where where they're going to get that funding, well, that's going to be money printing. And that's why you see gold's actually like put in a recovery. Now, when we look at gold, I'm not convinced that gold's actually broken through any trend lines yet. So, I'd be I'd be quite careful going into gold. Although, to be honest, if we do start breaking this trend line over here, then then then I'd maybe start looking at maybe taking taking some more gold positions.

28:01 Um, I mean, a couple other things. Bitcoin recorded its longest streak of daily net realized losses. So, people are actually taking losses, which is a good sign. It's part it's part of the capitulation event that's that's basically happening. Um let's see what else is there. Oh, so lighter which is one of the tokens in our portfolio. One of the ones that I'm actually holding in my variational account.

28:23 Um that one actually had a very good day yesterday because the CFTC basically approved trading of single stock futures under joint SEC oversight. So a lot of progress again. CFTC and the SEC are basically regulating crypto um until the the the the next election. Um apparently now CFTC has been sued for proving stock perpetual futures that allegedly belong to the SEC.

28:46 The lawsuit backed by Citadel Securities and the CBOE argues that contracts are really swaps, not futures and wants them blocked. So more more regulation and legislation. Uh more more fights. Um what else is there? What else is there? What else there? Yeah, if you're farming points, if you want So, let's talk about this points farming thing. So, if you want points, if you want points that turn into uh airdrop now, like in December, then you want to be farming variational points.

29:18 Problem is, it's much harder to use to to farm variational points. If you're going to do that, use the code omniun. You can trade stocks, you can trade indices, you can trade crypto, all on a decent ex exchange, and you get a 15% points boost if you use the code omnirun. If you want to farm for the longer term, but you're getting much more points, then find them on TX flow.

29:36 Again, all you have to do to farm is actually trade. And then remember lastly, um, prediction markets are all the rage right now, but Kelsey, who is our partner in prediction markets, also has per. So if you want an account where you can do prediction markets and pers specifically, if you're in America, they're regulated per in America. Um, go to Kelshi.

29:54 Not only do you stand a chance, not only do you get $50 um every time you sign up with a 20, you get a $25 bonus when you when you trade $50, but you also get a chance to win um one $1,000 times 5. So um they're giving away another $1,000 time 5. Um all right, let's have a look one last time at the market. So Bitcoin now $79,183. Altcoins are green.

30:17 Zcash is it back back over $1,300. Near having a recovery as well, $418. Um, let's see. Are there any bargains on the market at the moment? Let's let's actually have a look here. Derive up at 34. So, look, our portfolio is doing really well, but we didn't actually hit our buy targets on a whole lot of these. And now you got to take a call as to whether you think the worst is over or whether you think the correction continues.

30:43 To be honest, I wouldn't rush into anything right now. I'd let I'd let this let the dust settle and then once the dust has settled, then let's make a decision and we'll we'll we'll trade on our decision. Um, anything else? No. >> All right, we'll see you guys again tomorrow. Until then, trade well, my friends.