My guess, I don't know that we'll see another VIX spike akin to what we saw in August, September of this year related to the Japanese carry trade unwind thing. But like, would I be shocked to see a VIX at 30? No, because I understand how much technology is involved in market trading and how quickly every algorithm could move to the same side of the boat, especially if they're in risk preservation mode, capital preservation mode. So I really appreciate that. Guys, I want to tell people where they can watch the Nick and Jessica show on YouTube. You guys are youtube.com/at Nick Colas and Jessica Rabe. And that is the Data Trek channel. How are things going on the Data Trek channel these days? It's awesome. We love it. You having

fun? Doing another video this week about the single most important lesson I learned in business school.

Oh, okay. I'm all in for that for sure. And for those of you who are interested in learning more about how you can subscribe, go to datatrekresearch.com for all things Nick and Jessica. Guys, thank you so much for joining us once again. We love to have you. And for everyone listening and watching, we appreciate you. Smash that like button. We'll see you soon.

Hello, hello. Good evening, everybody. Callie?

Good evening.

How are you? What's

up? What's up? It's great to be here.

Compound Nation. Josh is in Las Vegas, so we've got a better replacement. Joined by the Chief Market Strategist at Red Holt's Wealth Management, the one, the only, the brilliant, Callie Cox. Welcome. Welcome. Welcome. Hey.

Oh, you're too kind, Michael. Happy early Halloween, I guess.

Happy early Halloween. It's almost election week. Bitcoin is bitcoining.

Got to talk about that.

The stock market is doing its thing, hanging high. Stock market isn't doing much. It's weird. Yeah. All right. We're going to get into all of that. What's going on in the market? Why is it so quiet given that there is potential disruption coming, but there's an election. And usually the market is doing more than it's doing today. So, okay. Before we get into it, I'm sorry that I'm not in the chat, but you have my full attention. Okay. I will not be encumbered by what's gone. No distractions. I'm locked in. So John Carlo and everybody else who's, who's hopefully in attendance. Thank you as always for tuning in. We love that you're with us in the live. It's five o'clock on the East coast time. You can be doing anything, but you're with us. So thank you for hanging with us. All right. We have a sponsor tonight and it is publicly good folks at public are, they've got your back. Peak yields, money market funds, all the cash, the peak yields are behind us. So we've got to do something with the cash. We've got to get it out of cash because rates going down. Weirdly, bond yields are going up. So at public, they've built a really easy user interface. You could select individual bonds and we're talking about investment grade. None of this junk stuff. What we know, Apple, Microsoft, et cetera, whatever you want. Click, clickety clack, click, click. That's actually what happens. You get up a bond portfolio, you get 6% or whatever it's yielding right now. So go to public.com/what are your thoughts to learn more? And I've got to read this to you. So here we go. Brought to you by Public Investing, member FINRA and SIPC. As of 9, 26, 24, the average annualized yield to worse across a bond account is greater than 6%. Yield to worse is not guaranteed, not an investment recommendation. All investing involves risk. That's risk. Visit public.com/disclosure slash bond dash account for more info. All right, Callie, let's get it on. Oh, we have, before we get into the first topic, the election and investing, we had some earnings this afternoon, some big earnings, in fact. And we've got, let's throw this up, John, if you don't mind, from StockTwits. So they've got you covered on the updates. AMD, and I don't know if this is dated or not, but this is just the initial reaction. So AMD, not great. I saw they lowered their guidance down 6% or so. Google's popping. Snap was down 13, then up 12, and I don't know where it is right now. Chipotle, not great. Visa, neither here nor there. Reddit up 20% or so. Let's just do Google really quick. A stock that I bought last month, that's a lot of green. A lot of green on the screen. You had revenues up 15% year over year. You had earnings up 37% year over year. YouTube up 12% year over year. Look at that. Alex Morris. Yeah, next chart. There we go. Alex Morris says, trailing 12-month ad revenues are $35 billion, up 130% since year-end fiscal 2019. YouTube ads and subscription trailing 12-month revenue surpassed $50 billion for the first time. That's wild. $15 billion in subscriptions.