ALERT: Watch This Before Inflation Report Tomorrow!
In a Nutshell
Trump is floating capital-gains tax cuts, yet the speaker flags several earlier promises—tariff checks, halved utilities, deficit reduction, 10% credit-card caps—that remain unfulfilled. Markets sit at all-time highs with no pullback in sight ahead of tomorrow’s CPI print (Core 2.6%→2.5%, Headline 3.5%→3.4%), and the speaker warns against leverage until the data arrives. He’ll go live at 8:30 a.m. ET if the video hits 500 likes, urging viewers to treat any administration with the same accountability.
These notes were generated by AI and may contain inaccuracies.
President Trump is currently weighing whether to push for capital gains tax cuts ahead of midterms. Markets are celebrating the news, with NASDAQ up 2%. The speaker questions the timing and whether this cut will actually happen, comparing it to previous unfulfilled campaign promises.
"I'm all for reducing capital gains tax. But I just, it's a simple question. Don't get offended, right? Don't get offended. I'm just holding everyone accountable just like I would with Biden."
The speaker lists several campaign promises that remain unfulfilled:
- Receiving checks from tariff revenue
- Utilities cut in half
- Reducing the deficit
- Capping credit card interest at 10%
The speaker emphasizes that Trump campaigned on not being a politician but questions if he's "just spewing lies." The speaker states this is a bipartisan accountability issue: "I don't care if you're a Democrat. I don't care if you're a Republican. Call for what? for what it is."
Iran claims their production of missiles and drones is endless and that the war could last several years. Iranian officials stated that their ballistic missiles will still land on the enemy. Pakistan is facilitating a peace deal, marking the 15th time they have done so.
The speaker traded Micron and made $3,200 on the day, trading both sides on the one-minute time frame. The stock showed strong sell-offs and strong rip-ups. After position consolidation, the speaker closed the position fully and moved on. The stock recovered, benefiting those who bought the dip.
Markets are currently elevated and irrational with no sell-off occurring despite being overbought. There is no confirmation of a pullback. The speaker advises against shorting markets at current levels but warns against using leverage or being aggressive at these overbought levels due to high downside risk.
Markets could continue retesting new highs if the inflation report comes in lower than expected.
The CPI report releases Wednesday, August 12th, one hour before markets open. Expectations include:
- Core CPI: dropping from 2.6% to 2.5%
- Overall CPI: dropping from 3.5% to 3.4%
If inflation comes in lower than expected, markets could celebrate and support potential rate cuts. If higher than expected, markets could drop and potentially support a rate hike in September.
The official website for CPI data is bls.gov/cpi. The speaker emphasizes self-sufficiency for traders: "You need to be a self-sufficient trader and investor. You need to know where these websites are officially being released."
For July data, the calculation removes the old July figure (2% increase) and adds the new month. Expectations show only a 0.1% increase for the new month, suggesting inflation is likely to drop.
The speaker offers to go live with LPP team for the CPI report if the video reaches over 500 likes. The session would be at 8:30 a.m. Eastern time (5:30 a.m. Arizona/West Coast).
The speaker addresses potential criticism for questioning the president: "I would question and I've always questioned Biden and I'm always going to question Trump if he says one thing and does the other. I don't care who we voted for, who's in power. If he is doing something or saying something and then does the opposite, again, needs to be called out for what it is, regardless of who we voted for."
The speaker encourages viewers to comment on Trump's capital gains tax comments and promises to keep the audience updated on market developments.
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