Podcasts about trading

The American Indian leader Wakara was among the most influential and feared men in the nineteenth-century American West. He and his pan-tribal cavalry of horse thieves and slave traders dominated the Old Spanish Trail, the region’s most important overland route. They widened the trail and expanded its watering holes, reshaping the environmental and geographical boundaries of the region. They also exacted tribute from travelers passing along the trail and assisted the trail’s explorers with their mapmaking projects—projects that shaped the political and cultural boundaries of the West. What’s more, as the West’s greatest horse thief and horse trader as well as the region’s most prolific trader in enslaved Indians, Wakara supplied Spanish, Mexican, and Anglo-American settlers from Santa Fe to San Bernardino with the labor and horsepower that fueled empire and settler colonial expansion as well as fueled great changes to the West’s environmental landscape.Today’s guest is Max Mueller, author of of Wakara’s America: The Life and Legacy of a Native Founder of the American West. We look at his complex and sometimes paradoxical story, revealing a man who both helped build the settler American West and defended Native sovereignty. Wakara was baptized a Mormon and allied with Mormon settlers against other Indians to seize large parts of modern-day Utah. Yet a pan-tribal uprising against the Mormons that now bears Wakara’s name stalled and even temporarily reversed colonial expansion. Through diplomacy and through violence, Wakara oversaw the establishment of settlements, built new trade routes, and helped create the boundaries that still define the region. See omnystudio.com/listener for privacy information.

The market is trying to get back on the rally train on a strong Nvidia earnings report, although returning to trend will require some heavy lifting into options expiry this Friday - a failure here would be ugly. We discuss Nvidia earnings and what we're looking for from the company in coming quarters with Saxo Equity Strategist Ruben Dalfovo. Elsewhere, we note the fresh profound JPY weakness ahead of the fiscal package announcement tomorrow in Japan as the market breaks out the EM playbook for the currency. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

CONTINUED MARY KISSEL. China dilemma involves whether to treat Beijing as a legitimate trading partner or an enemy narco-terrorist state responsible for exporting fentanyl precursors, with Kissel suggesting current US policy is confused and benefits the CCP.

Join Scott Bogman and Pat Fitzmaurice as they tackle YOUR questions LIVE on Discord on the 3rd Tuesday evening of each month at 5 PM ET at fantasypros.com/chat. Timestamps: (May be off due to ads) Intro - 0:00:00 Dynasty Player Debates - 0:00:57 Reality Sports Online - 0:07:35 Tetaira McMillan or Omarion Hampton? - 0:08:51 Trading for Drake Maye - 0:11:57 Staying Positive During Rebuilds - 0:14:43 2027 1st Round Pick Valuations - 0:20:17 Texans Rookie WRs Outlook - 0:23:20 FantasyPros Discord - 0:26:23 Full Blown Rebuild + Trading AJ Brown - 0:27:12 Daniel Jones’ Valuation - 0:32:25 Aaron Rodgers’ ROS Outlook - 0:36:54 Past Trade Recap - 0:40:35 FantasyPros Trade Anaylzer - 0:43:48 Trading for Justin Jefferson - 0:44:48 Should You Trade Jonathan Taylor This Offseason? - 0:48:47 Improving Your Roster For Fantasy Playoffs - 0:54:11 Long Term TE Upgrades - 1:00:40 Trading Colston Loveland - 1:03:30 Best Trade Deadline Targets - 1:06:47 Outro - 1:09:42 Helpful Links: Reality Sports Online - By now, most of you have probably heard of Reality Sports Online, the powerful Fantasy Sports platform where Owners get to build and manage their Fantasy team like an NFL General Manager. But, the question is, have you tried it? It’s time to go see what all the buzz in the dynasty community is about. If you like what you see, use the promo code "FANTASYPROS" to receive a 10% discount on your team or league today! Fantasy Just Got Real at RealitySportsOnline.com. Dynasty Rookie Draft Simulator - Our Dynasty Rookie Draft Simulator lets you complete a mock in minutes with no waiting between picks! Customize your league settings to match your league’s exact format. Premium subscribers can test trade scenarios by mocking with their traded draft picks. Prepare for rookie drafts AND dynasty startup drafts in one place! Use the Dynasty Rookie Draft Simulator to dominate your rookie draft today at fantasypros.com/simulator! Trade Analyzer - Evaluate trades with confidence using FantasyPros' Trade Analyzer. Instantly see the impact of trades on your team and get expert recommendations. Whether you're making a 2-for-1 deal or swapping a couple draft picks for that stud who will help you win now, the Trade Analyzer will help you optimize your roster and make smarter decisions. Try the Trade Analyzer today at fantasypros.com/myplaybook or on the Fantasy Football My Playbook app and dominate your league! Join us on Discord - Join our FantasyPros Discord Community! Chat with other fans and get access to exclusive AMAs that wind up on our podcast feed. Come get your questions answered and BE ON THE SHOW at fantasypros.com/chatSee omnystudio.com/listener for privacy information.

Real Vision's Kris Bullock and Bijan Maleki are back to break down the charts and highlight their favorite Real Vision trade ideas before taking questions from the audience. Tune in every Wednesday at 1pm ET LIVE on Real Vision, YouTube, and X

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Check the episode transcript hereABOUT SCOTT SAUNDERS Scott Saunders is a Senior Vice President with Asset Preservation, Inc. (API), A subsidiary of Steward Information Services Corporation. Scott has an extensive background in IRC §1031 exchanges, having been involved in hundreds of thousands of 1031 exchanges during his 37 years in the exchange industry. Mr. Saunders presents classes on advanced §1031 exchange strategies to accountants, attorneys, financial advisors, real estate brokers and principals. Mr. Saunders received his bachelor degree in Business Economics from the University of California at Santa Barbara.  THIS TOPIC IN A NUTSHELL:  Understanding the Basics of 1031 Exchanges What qualifies as a "like-kind" property? Why 1031 exchanges are a key tool in deferring capital gains tax The role and importance of a Qualified Intermediary The 45-day identification window explained The 180-day completion requirement How to identify replacement properties Trading up from residential to commercial or multifamily Simplifying your portfolio through consolidation Geographic diversification to manage risk Reverse and build-to-suit exchanges The most common mistakes investors make during a 1031 Why early planning is crucial for a successful transaction Growing interest in DSTs (Delaware Statutory Trusts) How inflation and rising interest rates are changing investor strategy Regional investment shifts and institutional-style diversification Final Takeaways Connect with Scott   KEY QUOTE:  “Deferred taxes are dollars you can reinvest — and that's how portfolios grow faster."  ABOUT THE WESTSIDE INVESTORS NETWORK    The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.    The Westside Investors Network strives to bring knowledge and education to real estate professionals that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.    #1031Exchange #Reverse1031 #RealEstateInvesting #RealEstateInvestor #TaxStrategy #RealEstateTaxBenefits #RealEstatePortfolio #InvestmentProperty #ReverseExchange #CashFlowRealEstate #PassiveIncome #WealthBuilding #BuildWealth #ScaleYourPortfolio #RealEstateEducation #RentalPropertyInvesting #LongTermInvesting #WealthStrategy #GenerationalWealth #AssetProtection #TaxDeferral #PropertyInvesting #RealEstateTips #InvestorMindset #FinancialFreedom #RealEstateTaxes #CostSegregation #BonusDepreciation #SmartInvesting #RealEstateGrowth   CONNECT WITH SCOTT: LinkedIn: https://www.linkedin.com/in/scott-r-saunders-6278273      CONNECT WITH US    For more information about investing with AJ and Chris:  · Uptown Syndication | https://www.uptownsyndication.com/  · LinkedIn | https://www.linkedin.com/company/71673294/admin/   For information on Portland Property Management:  · Uptown Properties | http://www.uptownpm.com  · Youtube | @UptownProperties    Westside Investors Network  · Website | https://www.westsideinvestorsnetwork.com/  · Twitter | https://twitter.com/WIN_pdx  · Instagram | @westsideinvestorsnetwork  · LinkedIn | https://www.linkedin.com/groups/13949165/  · Facebook | @WestsideInvestorsNetwork  · Tiktok| @WestsideInvestorsNetwork  · Youtube | @WestsideInvestorsNetwork  

https://tradingnut.com/bernd-skorupinski/ - Bernd's Links

Today, a look at the confluence of pivotal market technicals and the big event risk of the earnings calendar tonight after the close: Nvidia. How will the market treat this? Also, it is worth spending a bit of time contemplating the macro implications of what is going on in Japan, its bond market and the coming fiscal package announcement on Friday. Macro, FX, US- and geopolitics and much more also on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

Sometimes we have to entertain the stupidity. Today we did that with a texter who suggested the Chiefs should trade Mahomes.

Former Browns quarterback Brian Hoyer joined "Baskin and Phelps" Wednesday giving his thoughts on how the Browns fare against the Raiders on Sunday and why the Browns have mistreated the quarterback position this year.

Interview with Nic Earner, Managing Director of Alkane Resources Ltd.Our previous interview: https://www.cruxinvestor.com/posts/alkane-resources-asxalk-post-merger-gold-producer-targets-180k-aueq-ounces-7916Recording date: 17th November 2025Alkane Resources has successfully completed its transformational merger with Mandalay Resources, establishing itself as a diversified mid-tier gold producer with three operating mines across Australia and Sweden. The integration, finalized in August 2025, has delivered on all key strategic objectives while positioning the company for its next phase of growth in a strengthening gold price environment.The merger has transformed Alkane's market profile substantially. Production guidance now stands at 160,000-175,000 ounces annually, with management targeting a 180,000-ounce run rate by next year. Market capitalization has expanded from approximately A$900 million at the pro-forma merger date to around A$1.4 billion currently. Trading liquidity has improved dramatically, with daily ASX turnover reaching A$8 million and the company securing placement in the ASX 300 index while approaching ASX 200 status.Perhaps most significantly, Alkane maintains a pristine balance sheet with A$170 million in cash and bullion and zero debt beyond equipment financing. This financial strength, combined with the company's largely unhedged production profile, creates substantial cash generation capacity. Managing Director Nic Earner explained the mathematics: with 80% of production unhedged, "each 100 bucks you add to the gold price, it's 15 million bucks" in additional cash flow.Looking ahead, management has established a 12-month timeline for potential acquisitions while maintaining strict jurisdictional discipline, focusing exclusively on tier-one regions including Australia, New Zealand, USA, Canada, and Scandinavia. Simultaneously, operational priorities center on cost reduction at Sweden's Bjorkdal mine, where initiatives could reduce all-in sustaining costs by 20-25% from US$2,700 to approximately US$2,200 through production increases and grade optimization.The company's disciplined capital allocation framework, operational focus, and accelerating cash generation position Alkane as a compelling investment opportunity in the current gold market environment, with management emphasizing that superior cash accumulation should drive valuation re-rating versus comparable peers.View Alkane Resources' company profile: https://www.cruxinvestor.com/companies/alkane-resourcesSign up for Crux Investor: https://cruxinvestor.com

Are you looking to save time, make money, and start winning with less risk? Then head to https://www.ovtlyr.com.Trading psychology is the part of the game everybody thinks they understand… right up until they put real money on the line and feel their heartbeat go through the roof. In this session of OVTLYR University, the whole room dives straight into the stuff that actually decides whether you end up consistent or end up frustrated. And honestly, it's refreshing to hear people be real about it.Most traders obsess over entries. They want the magic signal, the magic indicator, the magic win rate. But once you're in a trade, everything changes. Suddenly the “plan” feels shakier, emotions creep in, and all that confidence turns into hesitation or panic. This class goes deep on that shift and why mastering your own head is more important than mastering any chart pattern.We also get into fundamentals and technicals, but not in the boring, textbook way. The discussion hits everything from balance sheets to MACD to EMAs to options pricing and even the countless indicators people stack onto charts. But the real gold here is the honest back-and-forth about mental analysis. Things like your emotional state, your intention behind the trade, whether you're sticking to your plan or trading because you're bored. Those are the parts most traders never think about until it's too late.Here's a quick hit list of some of the big points covered:✅ Why fundamentals matter, but not as much as most people think✅ How technicals create structure instead of chaos✅ The mental traps new traders fall into without realizing it✅ Why uncertainty is unavoidable and why pros embrace it✅ The dangers of FOMO, revenge trading, and perfection-chasingThe conversation around expectancy is one of the best parts. It breaks down how wins and losses fall into place over many trades, not a handful. If you've ever wondered why your first few trades don't reflect your real skill level, this clears it up. You'll hear examples of losing streaks, big wins, long stretches of randomness, and how all of it eventually bends toward your statistical edge when you stick to a real plan.The class also goes after the fiction online. The flashy lifestyles, the fake gurus, the hype videos claiming easy money. Instead of selling a fantasy, the focus stays on the truth: trading is one of the hardest ways to make an easy dollar. But if you approach it with discipline, consistency, and the right edge, the results can genuinely change lives.Another powerful theme here is responsibility. You control your entries. You control your exits. You control how much you risk. What you don't control is the outcome of any single trade. And once you finally accept that, the stress drops and the clarity rises. The whole room talks through how to detach from “should,” stop predicting, and simply follow the plan.If you want a real-world understanding of how successful traders think, why psychology matters more than prediction, and how expectancy guides long term success, this session delivers in a way that feels honest, relatable, and actually useful.Gain instant access to the AI-powered tools and behavioral insights top traders use to spot big moves before the crowd. Start trading smarter today

Nicholas "Harry" Callas reacts to a floating opinion that the Steelers' decision to trade WR George Pickens this past offseason may be the worst trade in NFL history.

Christian Carreon returns to Chat With Traders nearly three years after his first appearance, where he shared his remarkable journey through stage-five kidney failure and the discipline it forged in him as a trader. Today, he brings an even deeper perspective—on markets, on patience, and on the Box Strategy that has become his signature. Christian is a breakout trend trader who waits for compression, defines his levels meticulously, and only commits when price breaks cleanly from the “box” with tight risk and clear direction. In this conversation, he walks us through how his approach has evolved, how he sizes up with confidence, and why patience inside consolidation is the foundation of every edge he has. From day-trading futures for cash flow to swing-trading leading stocks for growth, Christian shares the discipline, structure, and gratitude that guide both his trading and his life.   Links + Resources:  ●      Follow Christian on X:  @trading_boxes ●      Christian on NinjaTrader Live ●      Christian on CWT Episode 254   Sponsor of Chat With Traders Podcast:  ●       Trade The Pool:  http://www.tradethepool.com   Time Stamps: Please note: Exact times will vary depending on current ads. ● 00:00 Intro and Background ● 05:23 Kidney Donation Journey ● 06:37 Recovery Process After Transplant ● 09:45 Mental Focus During Recovery ● 12:51 Trading Goals and Adjustments ● 12:09 Risk Management in Trading ● 12:38 Sizing Up and Position Management ● 15:24 Identifying Trading Opportunities ● 16:23 Market Conditions and Trading Strategy ● 17:28 Support and Resistance Analysis ● 19:00 Using Indicators for Trading ● 22:48 Influence of News on Trading ● 24:00 Box Strategy Overview ● 27:18 Adapting Trading Strategies ● 29:40 Trading Discipline and Limits ● 32:10 Managing Investor Funds ● 33:15 Handling Market Events ● 36:03 Investor Mistakes and Adaptation ● 47:04 Reflections on Trading Journey ● 50:34 Catch up with Tessa Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we note that the market's stabilization attempt from Friday seems to have failed as risk-off has gone global in equities, perhaps led by the meltdown in Bitcoin. Amidst the deepening unease, it's remarkable that bond markets, with the notable exception of Japan, remain calm, while transmission into FX is minimal. But the tension is building, with a key event risk on Friday for Japan possibly set to unleash volatility. This and much more on today's podcast, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

Broc Dynasty is back hosting another exciting dynasty trade show w focus & insight on your #dynastytrades from Dynasty Dad & Snoog with emphasis on recent news & #fantasyfootball events

⁠Click HERE to learn how to earn $10K/month in rental income & access 50% discount on RTR Academyhttps://landing.renttoretirement.com/evg-masterclass-replayThis episode is sponsored by…BLUPRINT HOME LOANS:Get pre-approved with one of RTR's preferred lenders at https://bluprinthomeloans.com/renttoretirement/PROPER INSURANCE:Protect your short-term rental with the industry's most complete, full-replacement insurance solution: ⁠https://www.properinsurance.com/rtrIn today's episode, Adam Schroeder sits down with investor Adam (yes—two Adams!) to break down how he scaled from managing short-term rentals to leveraging builder incentives, cost segregation, interest-only loans, and cash-out refinances to rapidly grow his portfolio.Adam explains how he transitioned from self-managing STRs in New York and the Jersey Shore to acquiring a new-build long-term rental in San Antonio, Texas, using a powerful 12% builder incentive that dramatically lowered his out-of-pocket cost and boosted his tax savings.If you're looking for real, actionable investing insights directly from an investor who's doing the work, this episode is packed with value.⏱️ TIMESTAMPS00:00 – Welcome with host Adam Schroeder00:20 – How Adam first got started in real estate00:36 – Early rentals, STRs, and 1031 exchanges01:23 – Trading a problematic vacation rental into better assets02:03 – Using the STR loophole + qualifying as a Real Estate Professional02:55 – Why he added a long-term rental this year03:31 – How he discovered Rent To Retirement04:22 – Why he won't invest in long-term rentals in New York06:15 – Why Texas—and specifically San Antonio—made sense07:19 – Breaking down the 12% builder incentive08:39 – Why he chose an interest-only DSCR loan10:01 – STR management vs. passive LTR strategy11:25 – What the buying process was like with RTR13:28 – Inspection, build quality & warranty experience15:35 – Cost segregation tax benefits16:52 – How he effectively got into the deal for almost zero net capital18:10 – Cash-out refi strategy on his commercial building19:55 – Pulling $200K tax-free and reinvesting21:18 – Compounding wealth through refinancing23:03 – Why local lenders matter for specialty properties24:51 – Investing confidently even with higher interest rates26:08 – Message to investors waiting on the sidelines27:48 – Advice for first-time RTR listeners28:15 – How to get started with Rent To Retirement

We debate the state of the markets ahead of Nvidia's earnings in a little over 24 hours from now with our all-star panel Sofi's Liz Thomas, Humilis' Brian Belski, iCapital's Sonali Basak. Plus, NYU's Aswath Damodaran weighs in on tech valuations. And, Goldman Sachs' Elizabeth Burton tells us where she is finding opportunities outside of the U.S.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Hour 1 with Joe Starkey: George Pickens is second in the NFL in receiving yards and had a big game for Dallas. Should the Steelers have kept George Pickens? Joe is of two minds here. He doesn't think Pickens would have flourished in Pittsburgh, but the receiver room is poor and would have been worth the risk. The Steelers don't possess the ball and don't have an explosive offense.

We held our thank you to the fans at our Fan Marconi thank you party Monday. George Pickens is second in the NFL in receiving yards and had a big game for Dallas. Should the Steelers have kept George Pickens? Joe is of two minds here. He doesn't think Pickens would have flourished in Pittsburgh, but the receiver room is poor and would have been worth the risk.

The U.S. power market is undergoing a dramatic transformation, driven by the explosive growth of AI data centers and evolving priorities. Join Leland Price from the FICC Market Structure & Liquidity Strategy team and Chris Wu, Head of U.S. Power Trading, as they discuss the evolving landscape of power trading in the U.S. This episode explores the surge in electricity demand, capacity constraints, and the impact of policy developments on trading dynamics. The conversation also examines the role of renewables and natural gas, the challenges facing grid infrastructure and the implications of new entrants to the market. Tune in for insights on how market structure is adapting to meet the demands of a new era in U.S. energy. This episode was recorded on November 7, 2025.  The views expressed in this podcast may not necessarily reflect the views of JPMorgan Chase & Co and its affiliates together, JP Morgan, and do not constitute research or recommendation advice or an offer or a solicitation to buy or sell any security or financial instrument. They are not issued by JP Morgan's Research Department but are a solicitation under CFTC Rule 1.71. Reference products and services in this podcast may not be suitable for you and may not be available in all jurisdictions. JP Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed. The FICC market structure publications or to one, newsletters, mentioned in this podcast are available for JP Morgan clients. Please contact your JP Morgan sales representative should you wish to receive these. For additional disclaimers and regulatory disclosures, please visit www.jpmorgan. com/disclosures. Copyright 2025, JPMorgan Chase & Company, all rights reserved.

⁠Click HERE to learn how to earn $10K/month in rental income & access 50% discount on RTR Academyhttps://landing.renttoretirement.com/evg-masterclass-replayThis episode is sponsored by…BLUPRINT HOME LOANS:Get pre-approved with one of RTR's preferred lenders at https://bluprinthomeloans.com/renttoretirement/PROPER INSURANCE:Protect your short-term rental with the industry's most complete, full-replacement insurance solution: ⁠https://www.properinsurance.com/rtrIn today's episode, Adam Schroeder sits down with investor Adam (yes—two Adams!) to break down how he scaled from managing short-term rentals to leveraging builder incentives, cost segregation, interest-only loans, and cash-out refinances to rapidly grow his portfolio.Adam explains how he transitioned from self-managing STRs in New York and the Jersey Shore to acquiring a new-build long-term rental in San Antonio, Texas, using a powerful 12% builder incentive that dramatically lowered his out-of-pocket cost and boosted his tax savings.If you're looking for real, actionable investing insights directly from an investor who's doing the work, this episode is packed with value.⏱️ TIMESTAMPS00:00 – Welcome with host Adam Schroeder00:20 – How Adam first got started in real estate00:36 – Early rentals, STRs, and 1031 exchanges01:23 – Trading a problematic vacation rental into better assets02:03 – Using the STR loophole + qualifying as a Real Estate Professional02:55 – Why he added a long-term rental this year03:31 – How he discovered Rent To Retirement04:22 – Why he won't invest in long-term rentals in New York06:15 – Why Texas—and specifically San Antonio—made sense07:19 – Breaking down the 12% builder incentive08:39 – Why he chose an interest-only DSCR loan10:01 – STR management vs. passive LTR strategy11:25 – What the buying process was like with RTR13:28 – Inspection, build quality & warranty experience15:35 – Cost segregation tax benefits16:52 – How he effectively got into the deal for almost zero net capital18:10 – Cash-out refi strategy on his commercial building19:55 – Pulling $200K tax-free and reinvesting21:18 – Compounding wealth through refinancing23:03 – Why local lenders matter for specialty properties24:51 – Investing confidently even with higher interest rates26:08 – Message to investors waiting on the sidelines27:48 – Advice for first-time RTR listeners28:15 – How to get started with Rent To Retirement

Welcome to Barn Talk! In today's episode, Sawyer and Tork are joined by brand builder, restaurateur, and bourbon aficionado Tim Jones. From his small-town Kentucky upbringing—where cattle farming, moonshining, and greeting card factories shaped his early days—to working with iconic bourbon brands like Buffalo Trace and Weller, Tim Jones shares his journey through the world of creativity and entrepreneurship. We dig into the grit behind building great brands, Tim Jones's leap into owning his own businesses, including the buzzworthy Boondogs hot dog joint, and how bourbon became a centerpiece of his story. Plus, hear about Tim Jones's behind-the-scenes experiences on Discovery Channel's Moonshiners and Master Distiller, and the lessons learned from both triumphs and setbacks (including exploding cans!). This episode packs practical wisdom, laughs, and inspiration for anyone chasing their own vision—whether you're a farmer, a founder, or just a fellow bourbon lover.Shop Farmer Grade

Today, a look at the further meltdown in risk sentiment that was corralled on Friday before any bigger breakdown, which has now given us a technical line in the sand ahead of the critical Nvidia earnings report this Wednesday after the close. We also look at technical levels, crypto's comeback from a test of key levels, other key earnings ahead this week, macro and FX and much more. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

Every trader wrestles with the same question: when's the right time to exit a losing trade? In today's episode, we'll tackle a great viewer question about just that — how to identify when to cut your losses and when to let a trade breathe. I'll share my personal process, lessons from experience, and the logic behind managing risk like a pro. Here's what's coming up: ❌ Exiting Losing Trades: The psychology and strategy behind knowing when to get out.

Travis Koldus runs The Contrarian and shares why he looks forward to price discovery (0:45). Mispricings in stocks (5:20). REITs and interest rates (8:50). S&P 500 P/E ratio, Japan, and other macro points (13:40). Price to sales, keeping metrics in context (28:20). Most contrarian take (35:50).Episode TranscriptsShow Notes:KCI Research On REITs, Dividends And Contrarian InvestingApple: Cheapest Valuation In A DecadeRealty Income Shares Have Gone Nowhere For 7 Plus YearsRegister for Top Income & AI Growth Stocks Worth Watching on November 18: https://bit.ly/4ifR7PPFor full access to analyst ratings, stock and ETF quant scores, and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

Melissa Armo says markets can continue selling action into and after Nvidia's (NVDA) earnings. If investors don't react positively to the report, she expects the stock to gap down and add to already bearish sentiment currently eating at the A.I. trade. While she likes Palantir (PLTR), Oracle (ORCL), and Dell Technologies (DELL) long-term, Melissa is shorting the stocks for now. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

The  Brutal  Truth About Trading: Steve Ruffley reveals the raw, unfiltered reality of life as a trader in today's fast-paced financial markets. In this episode of the Two Blokes Trading podcast, host Jonathan Farrelly sits down with Steve to discuss the lessons that only decades of trading experience can teach. From the early days on institutional floors to trading large size independently, Steve details why most retail traders fail—and what pros really do differently. With sharp takes on scalping, sentiment-driven volatility, and the mindset that sustains trading success, this episode is packed with perspective, strategy, and a dose of hard truth for any trader ready to grow.

Cointeligencia. Señales Profesionales de Trading en Criptomonedashttps://cointeligencia.com/?wpam_id=368

Two of the most important artists of the 21st century help us tease through the implications of our book. 

Welcome to season 4, episode 6 of the Stock Trading for Beginners Podcast!When I first started trading, charts felt random and frustrating—until I learned the breakout backtest strategy. It transformed my portfolio, and now beginners in our group are spotting consistent setups in weeks. Building on last episode's "buy at support, sell at resistance" framework, here we discuss the precise entry points for low-risk trades in bullish stocks. Listen for a simple, patient approach that minimizes stress and maximizes wins.Resource:Join our FREE Skool group: https://www.skool.com/tradingKey Topics:Step 1: Spot Proven Winners and Build Your WatchlistFocus on bullish stocks in uptrends for low-risk trades—nothing rises straight up, so capitalize on natural rhythms. Diversify with speculative trend-changers if your risk tolerance allows, but beginners should stick to strong performers. Use AI like Grok or ChatGPT to generate 30-50 bullish stock ideas (e.g., heading into 2026). Or grab our free list in the Skool group. Confirm uptrends on TradingView's weekly chart: Look for higher highs/lows (market structure) and Ichimoku Cloud (above lines with green future cloud = bullish). Example: Coinbase post-April 2025 shows bullish engulfing candles and volatility but upward trend; avoid pre-2025 bearish phases with lower highs/lows.Step 2: Wait for the PullbackPatience is key—don't chase breakouts or buy at resistance, a common beginner mistake leading to panic sells. Overextended stocks reverse sharply; recent October 2025 red days (5-20% drops) follow massive prior gains (50-100%). Identify resistance (prior highs, indicators) and let price come to you. Pullbacks are healthy for momentum—buyers step in at support, positioning you for the next leg up.Step 3: Enter at Support ZonesWhen pullbacks hit support with confluence (multiple indicators aligning), that's your low-risk entry. Use Ichimoku Cloud, Fibonacci, Gann Squares, or flipped resistance. Don't fear red days—they're buying opportunities. In volatile markets like November 2025, enter cautiously to avoid deeper retracements. This yields high win rates, low stress, and high rewards as bullish stocks resume uptrends.TakeawaysDon't chase—build a watchlist, confirm trends, wait for pullbacks, and enter at support for conviction and gains. This strategy boosted my portfolio this year and helps our community trade flexibly without constant monitoring. Start with a few stocks to build skills.For video lessons, modules (e.g., on Ichimoku), weekly analysis, and details on my new beginner chart-reading program, join the Skool group at https://www.skool.com/trading. More podcasts coming—see you next episode!Send me some feedback!Join Our Free Community on Skool:https://www.skool.com/trading

Terra-Gen's 238.5 MW project in Texas is now fully operational and the Philippines just awarded approvals for more than 10 GWs of renewables. Plus Nordex and Siemens Gamesa are optimistic about their future. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! There's news from the wind industry this week. And for once... the headlines tell a story of growth. Down in Hidalgo County, Texas... something worth celebrating happened this week. Terra-Gen commissioned the Monte Cristo ONE Windpower Project. Two hundred thirty-eight-point-five megawatts. Fully operational. The wind facility will generate more than 850 gigawatt-hours of clean electricity every year. Enough to power roughly 81,000 homes. And the power? Already sold. Long-term purchase agreements with two corporate customers. Construction created about 280 jobs at peak activity. More than 490,000 work hours. Not one lost-time incident. They upgraded 11 miles of state roads. Twenty-five miles of county roads. Over its lifetime... the project will deliver more than 100 million dollars to the local community. Property taxes. Landowner payments. Other economic contributions. "It is an honor," said John O'Connor, Chief Financial Officer for Terra-Gen, "to celebrate the hard work and dedication of the hundreds of men and women who made the commissioning of the Monte Cristo wind project possible." Meanwhile... halfway around the world in the Philippines... the government just awarded approvals for more than 10 gigawatts of renewable power. That's ten-point-two gigawatts, to be exact. One hundred twenty-three winning bidders. Solar. Storage. And wind. Onshore wind alone claimed two-point-five gigawatts of that capacity. Twenty-one projects. All set to deliver power by 2029. The Philippines is targeting 50 percent renewable generation by 2040. And they're not waiting around. The "overwhelming response," said the department of energy, "reflects the growing confidence of investors." Back in Europe... in Germany... Nordex is making moves. The turbine manufacturer just secured orders for 123 megawatts from Denkerwulf. Twenty-five onshore wind turbines. Installation begins in 2027. Commissioning in 2028. And Nordex shares? They're climbing. Hit a multi-year high this week. Trading at 28 euros and 2 cents. Denkerwulf'S orders for Nordex in 2025 now total nearly 144 megawatts. And last week... Mingyang signed a contract with ORE Catapult... a state-owned British test center. They're going to test main bearings for Mingyangs offshore 18.5MW turbines in the United Kingdom. "A major milestone," said Mingyang'S chief technology officer for Europe, Marc Sala. "A decisive breakthrough for our local operations." Mingyang has big plans for Britain. One-point-five billion pounds in investments. Half for factories. Half for the offshore wind supply chain. Now... over at Siemens Gamesa... things are looking up. The wind business has been struggling. Over four fiscal years... losses totaled eight-point-six billion euros. But Chief Executive Officer Christian Bruch confirmed this week... they're still targeting profitability by 2027. Break-even by 2026. Revenue for full-year 2025 rose 5 percent to ten-point-three-seven-five billion euros. Losses improved slightly. "The journey towards profitability is going to take time," said Chief Financial Officer Maria Ferraro. "But I think the team is doing a great job." They expect a positive fourth quarter in 2026. So there you have it. The wind industry is pushing forward. Two hundred thirty-eight-point-five megawatts commissioned in Texas. One hundred twenty-three projects approved in the Philippines. One hundred twenty-three megawatts ordered in Germany. Eighteen-point-five megawatt turbines heading to Britain for testing. And Siemens Gamesa ... now seeing light at the end of the tunnel. The numbers tell the story. Things are beginning to stabilize – and there's hope for the future. That's the state of the wind industry on the 17th of November 2025. Join us tomorrow for the Uptime Wind Energy podcast.

หนังสือ The Tao of Trading: How to Build Abundant Wealth in Any Market Condition ของ Simon Ree - การเทรดแบบเต๋า คือการเสริมสร้างสติปัญญาผ่านการเทรดด้วยสติ - เมื่อเรามีสติเราก็จะมีสมาธิ แล้วเมื่อเรามีสมาธิ เราก็จะมีปัญญาตามมา - ปัญหาใหญ่ที่สุดของการใช้ชีวิต ก็คือเราไม่รู้ว่าสิ่งที่เราทำมันเป็นสิ่งที่ถูกต้องแล้วรึยัง - ทุกสภาวะตลาดเป็นเพียงแค่แง่งามหนึ่งของชีวิต มันไม่สามารถจะเน้นย้ำอะไรได้นอกจากผลลัพธ์ของเหตุนั้น - ความเรียบง่ายเป็นทั้งหมดของการใช้ชีวิต อะไรที่ซับซ้อนซ่อนเงื่อน ให้เราตัดทิ้งไปได้เลย

In this week's episode of Trading Corner, the team breaks down one of the most dramatic weeks the physical crude market has seen in years. We explore the sharp sell-off in Dated Brent, the mechanics behind a major trade-house's aggressive positioning, and how just a handful of unplaced cargoes triggered a cascade through differentials and spreads.From the collapse in WTI and Forties diffs, to the sudden rebound driven by refiners emerging from maintenance, we map out how liquidity, sanctions headlines, and curve imbalances set the stage for extreme volatility. On the product side, we look at the sharp correction in margins, jittery gasoline demand, and why gasoil remains the key complex to watch heading into winter.With colder weather approaching, shifting refinery capacity, and persistent supply-demand uncertainty, the hosts outline their positioning views—from long TI/Brent boxes to back-end margin plays—and explain what they expect heading into December and beyond.#OilMarkets #CrudeTrading #DatedBrent #EnergyMarkets #CommodityTrading #OilPriceAction #RefiningMargins #BrentSpreads #WTI #GasOil #EnergyTrading #MarketVolatility #OilSanctions #PhysicalCrude #ProductMarkets #WinterDemand #TradingCorner #MacroEnergy #OilAnalytics #CommodityInsights

Send us a textWe are back after a couple of sick-notes have managed to pass fitness tests to get to a podcast recording on time!We've got a lot to catch up on, 3 promos to go through, neither one inspiring the need to play and there are some gameplay tweaks that have not worked in our opinions and the Icon Casino is back open!Support the show

Who's winning 2-0? Find out on this week's PlayingFTSE Show!Steve W's matched the S&P 500 this week and Steve D's not far behind. Despite some big movements, it's all pretty tight in the stock market this week.3i – one of the FTSE 100's top performers – crashed at the end of the week. It's been a bad year for private equity firms, but the company had been holding up well. Steve W thinks he knows what's going on. And it has less to do with the private equity theme than the ongoing retail theme of falling like-for-like sales growth…Steve D's been looking at Taylor Wimpey. The latest results look decent and the stock moved a little bit as a result, but there are probably bigger things going on for the firm.The UK Budget is on the way and there's plenty to focus on there. But is a 9% dividend yield part of the problem or something for investors to get excited about?QXO is a stock most UK investors probably don't have on their radars, but Steve W thinks they should. He's got his eye on a 500% gain in the next 10 years. The firm is planning to roll up the building materials industry and it has a CEO with a very impressive track record. There's a lot of eggs in a basket called “Brad Jacobs”, though.Tecnoglass has released its latest earnings and our resident shareholder - Steve D - is not impressed. Higher costs are weighing on margins and that's not a good sign. Should he cut bait with this one or wait around for a better environment? Steve W thinks it might still have some promise, but the big question is how long it takes to realise this.Only on this week's PlayingFTSE Podcast!► Get a free fractional share!This show is sponsored by Trading 212! To get free fractional shares worth up to 100 EUR / GBP, you can open an account with Trading 212 through this link https://www.trading212.com/Jdsfj/FTSE. Terms apply.When investing, your capital is at risk and you may get back less than invested.Past performance doesn't guarantee future results.► Get 15% OFF Fiscal.ai:Huge thanks to our sponsor, Fiscal.ai, the best investing toolkit we've discovered! Get 15% off your subscription with code below and unlock powerful tools to analyze stocks, discover hidden gems, and build income streams. Check them out at Fiscal.ai!https://fiscal.ai/?via=steve► Follow Us On Substack:Sign up for our Substack and get light-hearted, info-packed discussions on everything from market trends and investing psychology to deep dives into different asset classes. We'll analyze what makes the best investors tick and share insights that challenge your thinking while keeping things engaging.Don't miss out! Sign up today and start your journey with us.https://playingftse.substack.com/► Support the show:Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse(All proceeds reinvested into the show and not to coffee!)► Timestamps:0:00 INTRO & OUR WEEKS7:50 3I25:39 TAYLOR WIMPEY50:41 QXO1:04:18 TECNOGLASS► Show Notes:What's been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that's accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy► Wanna get in contact?Got a question for us? Drop it in the comments below or reach out to us on Instagram: https://www.instagram.com/playing_ftse/► Enquiries: Please email - playingftsepodcast@gmail(dot)com► Disclaimer: This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.

Join Chris Welsh and Andrew Erickson as they tackle your questions LIVE on Discord every Thursday at 2 PM EST at fantasypros.com/chat. Timestamps: (May be off due to ads) Intro - 0:00:00 Ricky Pearsall, Michael Pittman, and Stefon Diggs ROS Rankings - 0:03:06 TE Breakdowns - 0:05:54 Marcus Mariota’s Ranking - 0:09:08 RJ Harvey’s Outlook + Flex Options - 0:11:57 FantasyPros My Playbook - 0:15:51 Tough Flex Decisions - 0:16:55 Tee Higgins vs. Woody Marks - 0:20:30 Three Potential Trade Offers - 0:22:19 Holding Multiple TEs vs. Trading The Surplus - 0:26:11 Potential RB Pickups - 0:31:08 Streaming TE Options - 0:35:20 Consolidating For Playoffs - 0:35:54 FantasyPros on Twitch - 0:37:25 Tough Trade Offer - 0:38:11 Ricky Pearsall’s Outlook - 0:39:53 Lightning Round Q&A - 0:43:18 Buy Low WR Targets - 0:44:46 Tetairoa McMillan vs. Garrett Wilson - 0:48:57 Trading Ja’Marr Chase - 0:51:09 Dynasty Trade or Hold - 0:52:35 Trading for Jaylen Waddle - 0:54:28 Outro - 0:54:57 Helpful Links:Hard Rock Bet - All lines provided by Hard Rock Bet. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up for Hard Rock Bet and make a $5 bet and you'll get $150 in bonus bets if you win. Head over to Hard Rock Bet, sign up and make your first deposit today. Payable in bonus bet(s). Not a cash offer. Offered by the Seminole Tribe of Florida in FL. Offered by Seminole Hard Rock Digital, LLC, in all other states. Must be 21+ and physically present in AZ, CO, FL, IL, IN, NJ, OH, TN or VA to play. Terms and conditions apply. Concerned about gambling? In FL, call 1-888-ADMIT-IT. In IN, if you or someone you know has a gambling problem and wants help, call 1-800-9-WITH-IT. GAMBLING PROBLEM? CALL 1-800-GAMBLER (AZ, CO, IL, NJ, OH, TN, VA). My Playbook - Sync your league instantly to My Playbook to get custom advice on how to manage your team throughout the season. See your league’s top available players, power rankings, and more for free! Check the “Are They Playing” tool each week to get the latest game-day availability odds for all injured players. If you’re premium – you unlock all kinds of helpful waiver, trade, lineup and league analysis tools. You can even auto-start your team’s optimal lineup each week with Auto-Pilot. Sync your league and dominate every week of the season with My Playbook at fantasypros.com/myplaybook or on the FantasyPros App Follow us on Twitch - The team here at FantasyPros is taking questions all week, every week on Twitch. Follow us on Twitch at twitch.tv/fantasypros and never miss a stream! Discord – Join our FantasyPros Discord Community! Chat with other fans and get access to exclusive AMAs that wind up on our podcast feed. Come get your questions answered and BE ON THE SHOW at fantasypros.com/chat Leave a Review – If you enjoy our show and find our insight to be valuable, we’d love to hear from you! Your reviews fuel our passion and help us tailor content specifically for YOU. Head to Apple Podcasts, Spotify, or wherever else you get your podcasts and leave an honest review. Let’s make this show the ultimate destination for fantasy football enthusiasts like us. Thank you for watching and for showing your support – https://fantasypros.com/review/ BettingPros Podcast – For advice on the best picks and props across both the NFL and college football each and every week, check out the BettingPros Podcast at bettingpros.com/podcast, our BettingPros YouTube channel at youtube.com/bettingpros, or wherever you listen to podcastsSee omnystudio.com/listener for privacy information.

Is it better to be lucky or skillful when it comes to being a good trader? I would argue you can have it both ways, but it requires that skill manages the luck, and at times when luck is simply against you too.Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠https://www.shareplanner.com/premium-plans⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

In today's episode on 15th November 2025, we break down one of the wildest prop-trading blow-ups in recent times that ran on fake terminals, insane leverage and a whole lot of misplaced trust.Limited seats for Insurance Webinar by Ditto

The following sermon was chosen as a 'staff-pick' on SermonAudio: Title: Trading the Eternal for the Temporal Subtitle: Genesis Series Speaker: Dr. Greg Mazak Broadcaster: Trinity Bible Church Event: Sunday Service Date: 11/2/2025 Bible: Genesis 25:24-34 Length: 42 min.

Plus: Cidara Therapeutics stock doubles after a bid from Merck. And Under Armour shares fall after dropping a deal with Stephen Curry. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this thought-provoking episode, Tony and Jesse delve into Jesus's twin parables of the hidden treasure and the pearl of great price from Matthew 13:44-46. They explore the profound economic metaphor Jesus uses to illustrate the incomparable value of the Kingdom of Heaven. Through careful examination of both parables, they discuss what it means to "count the cost" of following Christ while simultaneously recognizing that no earthly sacrifice can compare to the infinite worth of gaining Christ. The conversation moves between practical application—considering how believers assess value in their spiritual lives—and deeper theological reflections on Christ's perfect sacrifice that makes our entrance into the Kingdom possible in the first place. Key Takeaways The Kingdom of Heaven has such surpassing value that sacrificing everything to obtain it is considered a joyful exchange, not a loss. Both parables show different paths to discovering the Kingdom (unexpected finding vs. intentional seeking), but identical responses: selling everything to obtain the treasure. The parables are not primarily commanding material poverty, but rather illustrating the "sold-outness" required in pursuing the Kingdom of God. Counting the cost of discipleship is not only permissible but necessary to fully appreciate the value of what we gain in Christ. The ultimate treasure we receive in salvation is not merely benefits like eternal life, but God Himself—union with Christ and fellowship with the Trinity. Christ Himself is the one who ultimately fulfills these parables perfectly, giving everything to purchase us as His treasure. The irresistible draw of the Kingdom illustrates how God's grace works in the heart of believers, compelling joyful surrender. Exploring the Incomparable Value of the Kingdom The economic metaphor Jesus employs in these parables is striking—both the hidden treasure and the pearl are deemed so valuable that the discoverers "sell all they have" to obtain them. As Tony and Jesse point out, this transaction reveals something profound about how we should view the Kingdom of Heaven. It's not simply that the Kingdom is valuable; it's that its value so far exceeds anything else we possess that the comparison becomes almost absurd. As Tony notes, "For sure the worth of the kingdom of heaven surpasses anything we could imagine... there's no measure that is satisfying, there's no measure that can actually show us how worthwhile it is." This perspective transforms how we understand sacrifice in the Christian life. When opportunities or comforts are foregone because of our faith, we're not simply losing something—we're experiencing the reality that we've chosen something infinitely more valuable. The parables teach us to view these moments not with regret but with a clearer vision of the treasure we've received in Christ. The Ultimate Prize: God Himself Perhaps the most powerful insight from the discussion is the realization that the ultimate treasure of salvation is not the benefits we receive, but God Himself. As Tony eloquently states: "All of those things are attending gifts. But what we get in salvation ultimately is we get God... we get union with God, we get fellowship with Jesus Christ in the power of the Holy Spirit. We get swept up into the life of the Trinity... We gain the relationship that the son has with the father by nature. We gain that by grace and nothing can compare to that." This perspective reshapes how we understand the value proposition of the gospel. It's not merely that we receive eternal life, freedom from suffering, or other benefits—though these are real. The pearl of great price is relationship with God Himself. This helps explain why both men in the parables respond with such dramatic, all-encompassing sacrifice. When we truly grasp what's being offered, nothing seems too great a price to pay. Memorable Quotes "What we get in salvation ultimately is we get God. We get union with God, we get fellowship with Jesus Christ in the power of the Holy Spirit. We get swept up into the life of the Trinity... We gain the relationship that the son has with the father by nature. We gain that by grace and nothing can compare to that." — Tony Arsenal "I often say in my own line of work, that cost only matters in the absence of value... it's like at the end of days when we think about the worthiness of our God, that there's no one like him, that he's unequal, that he has no rival, that the gospel is the sweetest message that we're rescued literally from the pit. We'll just say no matter what the cost of us personally, great or small, totally worth it." — Jesse Schwamb Full Transcript [00:00:08] Tony Arsenal: All of those things are attending gifts. But what we get in salvation ultimately is we get God we get union with God, we get fellowship with Jesus Christ in the, the power of the Holy Spirit. We, we get swept up into the life of the, the God of the universe. Like the life of the Trinity indwells us. And we, we become a part of that. We get swept up into that. We gain the relationship that the son has with the father by nature. We gain that by grace and nothing can compare to that. [00:00:47] Jesse Schwamb: Welcome to episode 469 of The Reformed Brotherhood. I'm Jesse. [00:00:54] Tony Arsenal: And I'm Tony. And this is the podcast with ears to hear. Hey brother. [00:00:59] Jesse Schwamb: Hey brother. Discussing the Value of the Kingdom of Heaven [00:01:00] Jesse Schwamb: Speaking of ears to hear, we're back at it again with a whole new, or let's say different parable from our Lord and Savior Jesus. And we've been talking about how really these parables give us this view of the face of heaven through these earthly glasses. And I am pretty interested in our conversation about what's coming up because sometimes we don't like to put too fine a points to our, our point of question to our faith. And in this case, we're gonna get to ask the question, what is it all worth, this kingdom of heaven, this rule and reign of Christ? What is it all about? Who are the beneficiaries of it? And what is it all actually worth? There's a little bit of economics in this, so we're gonna get there. And while we talk and do a little affirming or denying, you should just go ahead write to just skip, go. Do not collect $200 or maybe. Pass, go and collect $200. I dunno. But just go to Matthew chapter 13 and hang out there for just a second. Affirmations and Denials [00:01:58] Jesse Schwamb: But first, I'm always curious to know whenever we talk, are you gonna affirm with something or are you gonna die against something? We've been on a string of lots of affirmations, but I'd like to think that's just because we're fun, loving, optimistic people. But there was a day where we had to do both. And now that I only have to choose one, I do find myself gravitating almost naturally toward the affirming width. But I leave it to you, Tony, are you affirming with or denying against? [00:02:22] Tony Arsenal: I, unfortunately am denying tonight. Technical Issues with Apple Podcasts [00:02:25] Tony Arsenal: So you and I already talked about it a little bit, but uh, I'm denying Apple Podcast Connect. Oh yes. So, uh, I. Obviously, like if you're affected by this, you're not hearing the episode 'cause it's not updating for you. But, uh, if you happen to be using Apple to listen to the podcast and for some reason you're listening somewhere else, maybe you realize that the podcast has not been updating for several weeks. And so you went to a different podcast catcher. Um, apple just decided for some reason that none of our feeds were gonna update. No good reason. So I've got a ticket out to Apple and hopefully we'll get it fixed. Uh, if you do know someone who listens to the show and they use Apple, please tell them to subscribe to something else or to, uh, go to the website. You can get all of the, all of the episodes on our website. You could go to Spotify, you could do something like, uh, overcast or PocketCasts. Um, it really is just Apple. It's, it's the actual account that we use to, uh, to access. Apple's Directory is not pulling new episodes and it's not pulling new episodes on another show that I run as well. So, uh, it's not just this show, it's not our RSS feed. These things happen. It'll, you know, you'll get four or five episodes all at one time. When it, when it corrects itself, usually they're pretty quick. I put in a ticket like late on Friday afternoon, so I didn't expect them to get to it on, uh, Saturday or Sunday. So hopefully by the time you're hearing this, uh, it's resolved. I would hope so, because that means it would be about a week from today. Um, so hopefully they'll have a resolve. But yeah, it's just th thorns and thistles. This is our own, our own, uh, manifestation of the curse here in this little labor that we do. It's, it's thorns and thistles right now, but no big deal. Just, uh, catch up when you can. And, uh, yeah, so denying Apple Podcasts now, really, it's, it's a great service and this is a, a little glitch. It's, it's just a little frustrating. [00:04:20] Jesse Schwamb: The sweat of our brow. Yes. Here it is. We're just toiling over getting Apple to please release our episodes. Well, it'll be your happy day if you use Apple Podcasts and then get a bunch of them all at once. That's fantastic. It's like the gift that is over in abundance. Supporting The Reformed Brotherhood [00:04:36] Jesse Schwamb: Yeah, it is a good reminder that you just said, Tony, that everybody should go, just take some time. Head on over to our form brotherhood.com. You can find all the other 400 some odd episodes living over there. And while you're over there and you're perusing or searching by topic to see what we've talked about before, you're probably gonna think to yourself, this is so incredible. How is this compendium, this omnibus of all these episodes just hanging out here free of cost? And I'm so glad you're thinking about that because there are so many lovely brothers and sisters who have decided just to give a little bit to make sure that all that stuff gets hosted for free for you Yeah. And for us, so that anybody can go and explore it and find content that we hope will be edifying. So if that's something you're interested in, maybe you've been listening for a while and thought, you know what? I would like to give a little bit one time or reoccurring, we would love to, for you to join us in that mission. You can go to patreon.com/reform brotherhood, and there's all the information for you to give if that's something that you feel you would like to do, and we would be grateful for you to do it. [00:05:32] Tony Arsenal: Yeah. Yeah. We, we have a group of people who support the show. They make it possible for your, uh, your ear holes to be filled with our voices. And, uh, but again, you know, the costs are going up all around and, and we would, uh, certainly love to have people partner with us. Um, we've committed to making show that the, making sure that the show is free and available. Um, it's never our intention to put anything behind a paywall or to, to barrier and in that way, but we can only do that if there's people who are supporting the show and making, making sure that we've got the funding that we need to, to keep going. So, thank you to everybody who gives, thank you to anyone who's considering it, uh, and thanking anybody who decides to, uh, jump on board with that. [00:06:11] Jesse Schwamb: Right on. We're appreciative who we really are. [00:06:13] Tony Arsenal: Yeah. So Jesse, what are you affirming or denying today? Exploring Open Webcam DB [00:06:16] Jesse Schwamb: Uh, this is what I've kind of done before, but I think I've found a new place for it. I just am continually impressed and fall in love with how great and big and lovely God's world is. So I love these types of sites that give you insight into this great big world, even if it's in unexpected places or maybe in strange places. So I'm affirming with a website called Open webcam db.com. Open webcam db.com. And it's exactly like what it sounds like. It's a database that has something like 2000 live cameras streaming daily from over 50 countries, all searchable by a category. So you can find natural landscapes, airports, construction sites, and one of my recent favorites, honestly, and this is. It's so strange, but kind of awesome is this warehouse, it's called Chinese Robotic Warehouse Buzz, and it's just robots moving pallets around or like stacks of all of these items. It's mesmerizing. But I would encourage you go to open webcam db.com, search for like your stage or your country. You'll find so many amazing things. So I've sat and just watched, you know, between tasks or when you know you just need a break or you're just curious about the world. Like I look, I watched the Krakow Maine Market Square quite a bit because it's. Beautiful and brilliant, and to think about the people moving to and fro and what they're doing, what their lives are like. There's some great scenes from San Francisco Bay. There is a bird feeder in Gettysburg, Pennsylvania that I often watch. So of course, like go out as we've said, and live and breathe and be in your own communities. And as well, if you're looking at scratch that itch of just seeing all these different places, all the different things that are happening in God's created world, I can firmly and unreservedly recommend open webcam db.com for that. [00:07:58] Tony Arsenal: Nice, nice, uh, little known fact at one point, Dartmouth Hitchcock, which is the hospital that I worked for, had to block a penguin cam, uh, because it was causing such a productivity drain combined with an actual measurable decrease in internet bandwidth at the hospital. 'cause so many people were watching this little penguin cam at some zoo in Boston. I think it probably was. Yeah, I, I love this kind of stuff. I think this kind of stuff is great. Uh, I use, uh, Dartmouth College has a, like a live one that I use all the time, especially when we're trying to figure out what the weather's gonna do. You can see it on the camera. Uh, we, we often will, you know, see, especially as we get closer to the season when we're talking about traveling to the beach and whatnot, uh, often look at the ocean grove. Oh, that's right. Uh, pier cam. So yeah, check it out. Uh, sounds like a fun time. Do not share it with too many of your friends at work. Or it may crash the network and Yeah. But [00:08:53] Jesse Schwamb: yeah, for [00:08:54] Tony Arsenal: sure. That was a funny email that they had to send out. I remember that [00:08:57] Jesse Schwamb: for sure. Use, use the penguin cam responsibly. I just did a quick search. There are four different penguin cams. Uh, three of them are in the United States, one is in New Zealand, and you better believe I'm gonna be checking those bad boys out. Yes. I didn't even think about. The penguin feature here and penguins are an amazing animal. Like we could stop right now and just shift our topic to penguins if you want to. [00:09:16] Tony Arsenal: Yeah. ' [00:09:16] Jesse Schwamb: cause there's so much there. And the spiritual truths are so broad and deep, but I just think penguins are kind of undervalued. Birds. Everybody should go check them out. [00:09:26] Tony Arsenal: Yeah. Yeah. They're, they're pretty cool. [00:09:28] Jesse Schwamb: Yeah. Um, I'm like, I will watch any Penguin documentary and just be astounded by Penguin. Like, whether they're Emperor Penguins or South African Penguin, wherever. I just think they're phenomenal and hilarious and seem to be living the dream. And he doesn't want a little bit of that. [00:09:46] Tony Arsenal: You just gotta get Morgan Freeman to do the voiceover in any documentary or, or nature documentary is better with Morgan Freeman doing the voiceover. [00:09:55] Jesse Schwamb: Well, I all, this might be a deep cut real quick, but I just learned this, and I'm guessing some of our listening brothers and sisters probably already know this. Maybe you do too, Tony. So, Benedict Cumberbatch, do you know where I'm going with this? Yep, [00:10:06] Tony Arsenal: yep. Pen wing. [00:10:07] Jesse Schwamb: Yeah. I didn't. I cannot say that word or stumbles over its pronunciation. He did some kind of big documentary in which Penguins played at least some part. Yeah. And they were in an interview. They were giving him such a hard time because they played his reading of it like within the same kind of five minutes. And his, the word just kept degenerating in his mouth every time he said it. So it became like almost undistinguishable from the actual word. And it's like initial pronunciation. It was so hilarious. Apparently it's a big joke on the internet and I just didn't know it. [00:10:38] Tony Arsenal: Especially for someone like Bent Cumberbatch who just is, uh, like he's a world-class voice actor. [00:10:44] Jesse Schwamb: Right. [00:10:45] Tony Arsenal: And like a super smart ude guy and he just can't say the word penguin and penguin. Yeah. [00:10:51] Jesse Schwamb: Yeah. He said, you got everybody go look it up. 'cause it is super hilarious. And now it's kind of gotten stuck in my head. But um, again, this suddenly became like the All Penguin episode all of a sudden. [00:11:01] Tony Arsenal: I mean like, he can pronounce his own last name just fine, but the word penguin escapes him. I like to call 'em blueberry crumble bottom or whatever. Crumble bunch. [00:11:11] Jesse Schwamb: Uh, see that's the good stuff right there. That's what everybody we know. This is what you all tune in for. This is what you're missing when Apple Podcast doesn't send everything out on time. Yeah. You're welcome. [00:11:22] Tony Arsenal: Yeah. The Parable of the Hidden Treasure and the Pearl [00:11:23] Tony Arsenal: Well, Jesse, why don't we, why don't we get into it? Because you know it, it's interesting. Let's [00:11:27] Jesse Schwamb: get into it. [00:11:28] Tony Arsenal: Well, it's interesting because when you, you know, you kind of, we, we sort of do the little lead to the episode and I, I suddenly realized that I think I've been interpreting this parable very differently than maybe you have or other people. Great. Do, uh, because I, I think I, I think I might have a different take on it. Let, let's do it. Yeah. So let's get into it. Uh, do you have the, the text in friend you wanna read? Uh, why don't we just do 44 all the way through 46? We'll do both parables in one reading. We'll come back and talk about it. [00:11:54] Jesse Schwamb: Yeah. Sorry, everybody. So here's a two for one for you. Beginning in where we're in verse 44 of Matthew chapter 13. This is Jesus speaking. The kingdom of heaven is like treasure hidden in a field which a man found and covered up. Then in his joy, he goes and sells all that he has and buys that field again. The kingdom of heaven is like a merchant in search of fine pearls, who on finding one pearl of great value, went and sold all that he had and bought it. Interpreting the Parables [00:12:22] Tony Arsenal: I think maybe this is the, like the beauty of parables, uh, when Christ doesn't give us a interpretation. I, I think we're, we're, we're not free to like make up whatever we want, but these kinds of teaching tools are useful because the fact that there can be multiple interpretations actually is, is probably intentional. [00:12:43] Jesse Schwamb: Right. [00:12:43] Tony Arsenal: So it's funny because I think when you intro the episode here, it sounds like you're going to the kingdom of Heaven being a treasure hidden in a field, being something that we should sell everything we have and go after. And when I read this, I read it as the kingdom of Heaven is like a treasure hidden a field. And the man who is Jesus goes and sells all that. He has. He gives all that he has and buys the field. So, and I, I think this is one of those ones where like. Probably both of those things are in play. Sure. But it's interesting 'cause I've never, I've never really read this and thought about myself as the person who buys the field. [00:13:19] Jesse Schwamb: Yeah. Interesting. [00:13:20] Tony Arsenal: I've probably heard sermons or read devotionals where people have said that and it just never clicked. And it didn't register until just now. And you were, when you were, uh, introing the parable that maybe you are the, maybe your way of introing your, your interpretation. Maybe that's the dominant one. So I, I looked at a couple quick, um, commentaries while you were speaking and I didn't get a chance to do my commentary reading before the episode. It seems like I'm the weird one. So, but it's interesting, um, 'cause again, I think that's the, kind of the beauty of parables is that sometimes the, the, um. Ambiguity of what the possible meaning could be, probably plays into the, the, um, teaching technique itself. [00:13:58] Jesse Schwamb: Yeah, I, I think that's fair. I totally can take and understand what your perspective is on this. What I find interesting is that these, we've got these two abutting each other, like the cheek to cheek parallel approach here, and in doing so, there seems to be like kind of an interesting comparison between the two. Actors in this. And I think we should get into that. Like why in one case Jesus is talking about a person who finds this in a field, which by the way, I think the, the thing that jumps out to me first about that person is this person doesn't actually own the field at first. Right. That the treasure is in. So that is interesting. I'm totally with you. But then the second one, so in the first one there's kinda almost like this sense, and I don't wanna like push this too far, but that this person who finds this treasure does so very unexpectedly, perhaps like he's even the hired hand and of course not the one who owns the field. [00:14:48] Tony Arsenal: Yeah. [00:14:49] Jesse Schwamb: And in the second case, we have somebody who almost is volitionally looking for this thing of great value, but finds the one thing above all the other things that they're used to looking for that clearly has the greatest and most. You know, essential worth and therefore the end is always the same in both of 'em. They give everything they have. They're willing for forsake all other things with great joy, recognizing the great value that's in front of them. I think there is a place to understand that as Christ acting in those ways. I think there's also interesting, again, this comparison between these two people. So I'm seeing this as we've got these varied beneficiaries of the kingdom. They both come to this place of the incomparable value of the kingdom, but then there's also like this expulsive power of the kingdom. All, all of that's, I think in there, and again, these are really, really, really brilliant, I think, because the more that you spend time meditating on these, the layers just kind of come and they fall away and you start to really consider, well, why again is Jesus using these two different characters? Why is he using this kinda different sense of things of, of worth what the people are actually after? I think all of it's in play. You're totally right. [00:15:54] Tony Arsenal: Yeah. Yeah. The Cost and Value of the Kingdom of Heaven [00:15:55] Tony Arsenal: So I think, you know, when we think about the kingdom of heaven, when we think about these perils, we made this point last week, we shouldn't, um, we shouldn't restrict, we have to be careful not to restrict the comparison to just like the first noun that comes up, [00:16:08] Jesse Schwamb: right? [00:16:08] Tony Arsenal: So it's not just that the kingdom of heaven is like a treasure, it, it is like a treasure, but it's like a treasure that's hidden in a field. Yes. And it's not just like a treasure that's hidden in a field, it's a treasure that's hidden in a field which a man found and covered up. Right? So, so like we have to look at that whole sequence. And I think, I think, um, you know, obviously like the, the interpretation that we are the, we're the man who finds the kingdom of heaven and we, you know, we go and buy the field. Um, that, that obviously makes perfect sense now that I'm looking at a few different commentaries. It seems to be the predominant way that this gets interpreted. And we, we look at it and we say, what, well, what does this mean for like our Christian life? Like. What does it mean? Do we have to, do we have to give everything away? Do we have to sell everything we have? Is that the point of the parable? I think some people make that the point of the parable. Um, I'm not convinced that that actually is the point of the parable. Um, because it, you know, it, it, it just, there's lots in the scripture that, that, uh, doesn't seem to require that Christians automatically like, give away everything they have. Um, maybe that's your calling. Maybe it is something that God's calling you to do to sort of, um, divest yourself of your, your belongings, either to sort of fight materialism or greed or, or just because like you're gonna need to have that fluidity and liquidity to your assets 'cause you're gonna need to move around or whatever it is. But I don't think we look at this parable and have like a, like a, a command for a life of poverty or something like that. Right. Um, really this is more about the. Utter sold outness of the Christian to pursue and seek the kingdom of God. [00:17:48] Jesse Schwamb: Right? Right. [00:17:49] Tony Arsenal: And and I think that that's the same in both, even though the way that the person in the parables comes a, comes across the kingdom or they come across this, this thing of great value or thing of great price, that they find their response in both parables is the same. And to me, that that actually tells me that that's more the point of these parables. Um, or, or maybe we shouldn't even think of these as two parables, right? Some of the introductory language that we see in when we transition from one parable to another, we don't really see that here. Uh, and if, if we're gonna follow that, actually we would be going to the next parable would also kind of fall into this. But he says the kingdom of heaven is like a treasure. And then in 45 he says, again, the kingdom of heaven is like a merchant in search of fine pearls. We're gonna run into something like this later on when we get to like the parable of the lost sheep and the parable of lost coins. Where there are these distinct parables, but they're kind of stacked on top of each other in order to make a specific point. All of the parables that are sort of in these parable stacks are making the same point. And so I think it's not so much about like, how do we find the Kingdom of Heaven or how do we come upon the kingdom of heaven? It's more about what do we do once we've come upon it? Once we've thrown it's, that's the point of the parable that we need to unpack. [00:19:03] Jesse Schwamb: That's right. And I would add to that, like who is it that is the beneficiary of this kingdom? We have two different, very different individuals, which I, again, I think, we'll, we'll talk a little bit about, but I'm totally with you. I, I think it's, it's easier, it's almost too narrow and too easy to say. Well, this is really just about like physical ma or about wealth. Like in some way the, what we're being taught here is that you have to get rid of everything of value in exchange for this. In some ways, that almost feels too transactional, doesn't it? As if like what, what we need to do is really buy the kingdom. We express our seriousness about this kingdom or the rule and reign of God by somehow just giving up everything that we own as if to prove that we're really worthy of receiving that kingdom that we prayed enough. Right. That we've done enough, even though that we're contrite enough. Yeah. And all that stands like in direct opposition to the mercy and grace, which God gives to us through his son by the power of the Holy Spirit to bring us into this kingdom. So we know it can't really be about that. And so that leads me back again to just like the lovely details here. And like you've already said in the first case, here's what really strikes me is. For probably most of us in the West, this idea of treasure is novel and maybe romantic. There's a adventure and an energy to it. Because we've all heard stories about this, whether it's like, I don't know, pirates of the Caribbean or the county Mount Cristo. Like there's something about treasure finding some kind of, or national treasure. Sorry, that just came to my mind. Like I couldn't go any further without mentioning Nick Cage. So you know, like there's something there that pulls us in that finding this thing almost unexpectedly in a hidden place of immense worth and value is, has a real draw to it. But I imagine that in Palestine being like a war torn region in Jesus' day, in the way people might store goods of great value in the fields they own. And then of course the owner may never be able to achieve for lots of reasons, including death. And then somebody might stumble upon it. And as I understand the, the laws there, of course, if you were to stumble upon something. I was in somebody else's property and and on earth that thing take it out of the ground. In this case, you would be by law required to bring that back to the person who owned the field. So there's something interesting here that this first person, probably the more meager and humble of the two with they at least respected, like their socioeconomic status is let's, we could presume maybe going about their normal work. They find this unexpectedly in the field and it's immediately recognized to be something of great value that it is to stop and to, again, there's like a measuring that happens behind the scenes. This person at least is measuring of all the things that I own, all things I could possibly own. The better thing for me to do is to consolidate all the rest of my wealth. And this case, again, it's not the message of the story to do this, it's the exemplification of what's happening here. This person is so sold out to ensure that they acquire this great treasure that they stumbled upon, that they will take literally everything else of value that they own to exchange it for this very thing. So I'm totally with you because I think the predominant message here is not like take all your wealth and make sure that you give it to the church or that it goes to ministry or to missions. That may all be well and good and it may all be the kind of calling that you receive. However, I think the principle message here is the kingdom of God is so valuable that losing everything on earth, but getting the kingdom is a happy trade off. Like that's actually a really, really good deal. And so having the omnipotent saving reign of Christ in our lives is so valuable that if, if we lose everything in order to have it, it would be a joyful sacrifice. [00:22:20] Tony Arsenal: Yeah. Yeah. And you know, I think, um, I think there is a level of. Encouragement in Sacrifice and Joy in the Kingdom [00:22:27] Tony Arsenal: Sacrifice that happens for every Christian and. I mean, I, I know there's a lot of people who they, uh, come to faith as young children and we've kind of talked about that as like, that's that testimony that, you know, I think everybody really wants is like they wish they never had a time that they didn't know Jesus and Right. I don't know any parent that I've ever spoken to, and I'm certainly not any different here that doesn't want that testimony for Jesus, but, or for, for their kids in their relationship with Jesus. But. I think most people who come to faith at some point in their life when they're able to remember it, like they, they have a conscious memory of their conversion experience. There is this sort of sense of sacrifice and e even a sort of a sense of loss. Um, I think there, there are times where, and, and you know, I think maybe, um, even people who've always been in the faith, um, they probably can resonate with this. I think there are times when we might look at how our lives could have been different or could be different if we weren't in the faith. Um, and, and sometimes there's a sort of wistfulness to that. Like being a Christian can sometimes be difficult right On, um, you know, maybe you miss a promotion opportunity because you're not willing to work on the Lord's day or because you're not willing to do something unethical. Like you, you miss out on some sort of advancement and you think, well, if I could just, you know, if I could have just gotten past that, like my life would be much different. And what this parable teaches us is. That's an understandable, like that's an understandable emotion or response. Um, and there is this weighing of the cost. And in the parable here, he, like you said, there's this calculation that goes on in the background. He finds this treasure, he makes the calculation that to have this treasure is worth. Everything it's worth everything he has. He sells everything he has, and he buys the field in order to get the treasure right. And, and there's some interesting textual dynamics going on through this chapter. We've talked about how the parables kind of like the imagery across the parables in chapter 13 here of Matthew, they kind of flip certain figures around and almost, it's almost intentional because he is getting the treasure and the treasure. The kingdom of heaven here is like the treasure, but he's also getting the field right. And the kingdom of heaven is, is the field in other parables. Um, but this, this calculation that happens, um. I don't know, maybe my heart is just sensitive to this right now. I, I, I, I feel like a lot of times we look at that sort of wis wistful second glance at what could have been if we were not Christians, and we automatically feel like that's gotta be a sinful impulse. Like, how could I ever even consider what life might have been? Like this parable implies that that's the thing we actually have to do. You have to know and consider what it is you've sacrificed or will be sacrificing in order to make this transaction happen. You can't just blanketly say like, oh, of course. You know, you've gotta, you've gotta count the cost, as it were, and then you have to actually make the purchase. So I think we should look at this as a source of encouragement. Um, like I said, I'm not sure why. I feel like maybe there's, maybe there's just a, a. I dunno, I'm feeling a little weird and charismatic right now. I feel like this is something that I definitely need to be saying, like, I feel like someone needs to hear this. Maybe it's just me that needs to hear this. And that's, I'm tricking myself by thinking of someone else. But we are able, as Christians, I think God permits us and in some sense, maybe even expects and commands us to recognize what we have given to be Christians in order that we might realize how much we have gained with that transaction. It's not just this like remorse or regret, um, for the sake of remorse or regret. It's to be able to see how good and how beautiful and how worth it is the kingdom of God, uh, to, to, to claim that. [00:26:23] Jesse Schwamb: I like that there is a great discipline and a great joy in remembering worth and worthiness. So there's gonna be times, like you said, when it's hard and if you look back, look back at the ministry of Jesus, I've often thought that he's like a poor evangelizer from like modern standards. Yeah. Because often people come to him and say things like. I, I wanna be part of the kingdom of God. Well, what do I need to do to enter the kingdom of God? And here you have like a seemingly a willing convert. And he always says things like this, like, you gotta go count the cost. Yeah. Like is, is this worth it to you? Like you have to deny yourself, you have to hate your own father and your mother, and your wife and children, and brothers and sisters, even your own life. Otherwise you cannot be my disciple. And in this kind of language, it's clear that Jesus is saying you fail often. And maybe this goes back like you're saying, Tony, it's like the parable of the soil that you fail to really take into account what it means to follow with full fidelity, to commit yourself in a fully unencumbered way. Are you willing to do that? Are you willing to consider that? And as human beings, we're just not good often at counting costs. We're not good at thinking about opportunity costs. And it's interesting here that we're called out to say, even if you've already purchased the field as so to speak, that as if you've been saved by Christ, to continue to remember how good it is to be in the kingdom of God. And that the joy. Of knowing as like the Heidelberg Catechism says in the first question that all things are subservient to our salvation. Yeah. That incredible worth of, that should be a source of encouragement in times of great trial and tribulation, no matter how big or small, so that this joy that this person has when they go and sells everything he has and he buys this field, you know those details, like you're saying, do press us. It really comes to us with this idea that we should be able to see plainly why having Christ is more valuable than all other things. If the omnipotence all wise, God is ruling, ruling over all things for our joy, then everything must be working for our good, no matter how painful and in the end, God is gonna triumph over all evil and all pain. So this kingdom is a real treasure. Like it is a, it is a real. A real quantity in our life and our wellbeing and in our spiritual consistency, that'll ought demand some reflection of how valuable it truly is. And then knowing that in our minds, that like influencing our behavior, our other thought patterns, and then our actual feelings about stuff. So that when, like you said, we're passed over, we're looked over, we're ridiculed for something, we go back and we count it all joy to be worthy of being part of God's kingdom, knowing that it was because of the entrance and acceptability and the identity in that kingdom that we experience. Those things, those hardships begin with. [00:29:05] Tony Arsenal: Yeah. Yeah. And, and I, um, I don't want us to miss out on the fact that even as the parable may be encouraging or forcing us to think about. The cost. It, it really is trying to emphasize the great value of the kingdom. Right? Right. We, like I said, we, we don't just count the cost. In order to count the cost for its own sake. We count the cost in order to understand the great blessing that is ours in Christ. Right. All I, I count all that I have as a loss compared to the greatness of Christ Jesus. And, um, I think we just don't often do that. I, I, I think as Christians, that's probably a thought that is in our head more as young Christians, especially if we come to the faith in, in a time in our life where we're aware of things like that. We think about things like that. Reflecting on the Cost of Faith [00:29:59] Tony Arsenal: You know, I was 15 when I first came to faith and, um, I, I don't think I was in a frame of mind as a 15-year-old boy to think about, like. The cost of what I was doing, right? It's not like I was a particularly popular kid. I didn't have a, you know, I didn't, I wasn't unpopular, but it wasn't like I lost a ton of friends when I became a Christian. I didn't really lose anything that was measurable. Um, but I do think that, as, you know, someone now in my forties, looking back at, you know, 15, 20, 25 years of, of Christian life, it's easy to see that things could have been different on a sort of temporal scale. Like my, my life could probably be more comfortable in terms of wealth or opportunities or other things that might, uh, aren't, aren't even bad things necessarily. There is a sense of sacrifice. But again, God has brought us into this kingdom and he's given us parables like this and given us the ability to recognize. That we do have a cost, that there is a cost to be counted in order that we might now look at it and praise him for how great and glorious and valuable the gift that he's given us is. Understanding the Parable of the Pearl [00:31:08] Tony Arsenal: And so I think, you know, I think that's the same basic meaning of this second, second half of the same parable. I guess the, the pearl of great price or the pearl of great value. But it's not exactly the same, right? It's not like Christ is just repeating the same ver, you know, parable with, with different words for variation. Um, every word is breathed out by God and profitable for teaching correction, reproof, and training and righteousness. And I had a, I had a prophet in, uh, in Bible college who would say like, difference means difference. And he was often talking about like minute things, like the difference, um, or why, why is this word used instead of that word? This word would've worked. And, and the author chose that one. There's a reason for that. Difference means difference, but. Christ here chooses to, to tell the parable a second time, um, in a slightly different way. Uh, and Matthew chooses to record these in the same sense next to each other in slightly different ways. So what, what do we, what do we wanna pull out of this second parable that's different and what do we think it's telling us that's a little bit different than the first version Y? [00:32:14] Jesse Schwamb: Yeah, that's a great question. Diverse Approaches to the Kingdom of Heaven [00:32:16] Jesse Schwamb: Uh, I love this idea because not until really, I was thinking about it this week when I read through them, was I really, again, drawn to the differences between these two main characters. Interestingly, I think in both, and we can make the case that the, the treasure, the kingdom of heaven here represented in both this pearl or in this literal treasure is in a way hidden. Certainly the first man is not necessarily looking for, it's still revealed to him, but the second in a way. And on the other hand, he knew this guy knows treasure. He's been seeking it with diligence in vigor, or at least like this is what he does for a living in his vocational career. He's out there trading pearls, presumably, and he knows something about them and how to evaluate them effectively. And so it's his business and he's dedicated himself to finding them. And apparently he's seen plenty of them over the years. But then all of a sudden, and this is wild, the beautiful, all of a sudden, clearly the search comes to like an abrupt end because he finds this one of immeasurable value, so much beauty exceeding and value exceeding all the other ones. And he doesn't need to search anymore. He just finds the one pearl that he can retire on a pearl with more than everything else. Or anything else that he's ever possessed and he gets it again. He does. And this brings him into symbol two with the first man. He does the same thing, then liquidate everything else and go after this one. Great pearl. So to me, and I'm curious your perspective on this, I'm not necessarily promulgating that. Well, the first one is not a seeker and the second one is like a seeker of of God things. Right? There is though, like you said, a difference in their approach and what they're after. And so I think what we can take from this, at the very least, is that there is diversity in these beneficiaries of the kingdom of God that's covering everybody. And just by these two kind of bookended or polar examples, that's what Jesus draws us to. But I would turn the question back to you. What do you think about this second guy? What do you think about the fact that his business is searching after these things? What? What do we take away from that? [00:34:07] Tony Arsenal: Yeah. The Ultimate Value of the Kingdom [00:34:07] Tony Arsenal: And you know, the thing that drop that jumps out to me immediately in the first parable, the kingdom of heaven is, is like the treasure hidden in the field, [00:34:16] Jesse Schwamb: right? [00:34:16] Tony Arsenal: In the second one, the kingdom of heaven is the merchant who's searching, [00:34:20] Jesse Schwamb: right? [00:34:20] Tony Arsenal: Right. The kingdom of heaven is like the merchant in search of fine pearls who finds one. That's right. And so I think that they kind of are like, almost like mirror images of each other, right? One of them is about the treasure and what it takes to come upon it and then obtain it. The second is about the person who is coming upon the treasure and, and finding it. And then what it takes again to obtain that treasure. And I think, I think you're right, there is an element here that. Um, in this second parable, the person who is seeking for this treasure is one he's seeking for the treasure, right? Right. You get the image in this, in this first parable that the dude just kind of stumbles upon it. Um, I've heard this Todd as like, it's actually more like a guy who's just walking through a field rather than like a person working the field. And I'm not sure that matters that much, but there is this sense in the first parable that the guy kind of stumbles upon it. He wasn't looking, it wasn't what he was trying to do, but you're right in the second one, the kingdom of heaven, and this is where I, this is where I think I need to think more about it, is what does it mean for the kingdom of heaven to be like a merchant searching for fine pearls right [00:35:23] Jesse Schwamb: on. [00:35:23] Tony Arsenal: Rather than the pearls being the kingdom of heaven, which is what we see in the first bearable. Um, and I don't know the answer to that question. I think I need to, need to think about it and study it a little bit more. But I do like this distinction that in, in the first case, it's sort of a happy accident. And in the second case, this is, this is the life, this man's life work. He finds he's, he's in search of fine pearls. I'm not sure I know exactly what he's trying to do with the fine pearls. It seems like it implies that he's a pearl merchant or a pearl trader, but then he finds this pearl. He doesn't seek to sell it. He buys it. Right. [00:36:00] Jesse Schwamb: Right. [00:36:00] Tony Arsenal: And, and the, the, the fact that the parable stops with him buying it sort of implies that like. He actually is not going to sell it. He's just gonna keep this pearl. Now before the, the pearls, the, the source of the value of the pearls was kind of in the, the financial gain that selling or trading them could bring. But now he suddenly finds this pearl that is so valuable. It's so great, it's so beautiful. Everything he was working to obtain before all of the money he's gathered by finding and selling pearls in the previous like mode of living. He now gets rid of all of that just to purchase this one pearl and presumably to keep it. And I think that again, is kind of a, kind of a, um, statement on our Christian life is that we, we probably have all sorts of things that we've been doing our whole life and we are seeking to, to move forward in our life. And the kingdom of heaven is kind of the ultimate goal of all of that, for those who are in Christ, for those who are called according to his purpose. The purpose is not just to accumulate wealth. It's not even necessarily, uh, in and of itself to like grow in righteousness. It's to be transformed to the, uh, to the image of God's glory son, for the purpose of making him great, making his name renowned. Right. When we look at that passage in Romans that have kind alluded to, he's, he would transform into the image of Christ so that he might be the first born among many brothers. The Incomparable Worth of Salvation [00:37:24] Tony Arsenal: Ultimately, our, our sanctification and glorification is about making Jesus great and glorified, um, to give him glory, to have our glorification reflect his already intrinsic glory and the gift that he gives us, and I think that's kind of, kind of in play here, is that. Uh, we might have all sorts of goals in our life. We might have goals in our Christian life, um, that are good things that we should strive for, but at the end of the day, all of those things only serve to bring us to the kingdom of heaven, which is this pearl of great price that we, we purchase, we buy it and we just kind of hang onto it. It is its own treasure and it's, it's not about what this, this treasure can bring to us, right? Which is what the fine pearls were before they were about what the merchant can find and sell. It's, it's now about just obtaining the pearl and enjoying that pearl. Um, which I think is a little bit different than, than, um, what I would've thought of with the par before. [00:38:19] Jesse Schwamb: Yeah, I totally agree with you. I think, I think you're actually onto something with the distinction because I think of. So much of my career has been spent in financial services among people who are buyers and sellers of things. They're traders. And the way I read this was very similar to what you were saying to me. What resonated was if this gentleman or this person is. Trading, collecting these pearls. Presumably they have appreciation for the beauty of the pearl itself. So there is like something innate that draws them to this particular thing. And with that experience and with that knowledge and with that, that appreciation of that beauty. I think when they see this other pearl, it moves from, well, why would I ever sell that? I've seen everything. This is the most beautiful pearl I've ever laid my eyes on. And now I want to keep it for me. I want to have it in my possession. I want to cherish it and not just keep it in the inventory and then turn around and sell it for markup, presumably, because there is no nothing that would be of greater value to this person. 'cause they just sold everything else that they had. So they, it's appreciation for the pearl itself. It's going after that finding and seeking that great beauty. And then that led me right into Philippians chapter four, where Paul writes the church in Philippi, beginning of verse eight. Finally, brothers, whatever is true, whatever's honorable, whatever's just whatever's pure, whatever's lovely, whatever's commendable. If there's any excellence, if there. Anything worthy of praise, think about these things. What you have learned and received and heard and seen in me. Practice these things and the god of peace will be with you. So this idea, like you and I, Tony, have talked about like the world has great wisdom, it has great knowledge, it has things that can lead us by way of common grace into certain amounts of peace. But the pearl of great price, the seeking after the going after all these great things is to find the gospel, to be given the gospel it revealed to you. And then say everything else I count as a loss. Everything else is worthless compared to this thing. And if you're a person that can appreciate even just by turn of mind or God's influence in your life, you know, knowledge and wisdom, and you're seeking after that, which is the ultimate expression and representation of those things, and then you find you come upon this pearl of great price, the gospel wisdom and the beauty of God represented in his son Jesus Christ. And you say, this is it. I, I know enough to know, again, by the regeneration that comes through the spirit, this is the real deal. Then I think the message still stands. We come through two different directions into the same final culminating point, which is there is a condition for having this kingdom of God, for having the king on your side as your friend, but the condition isn't like wealth or power or negotiating or intelligence or even good trading behavior or going out and finding the right thing. The condition is that we prize the kingdom more than anything else we own. The point of selling everything in these parables is to simply show where our hearts are at. And so I often say in my own line of work, that cost only matters in the absence of value. Actually, it's true for everything that we. We presumably spend our time or our money on cost only matters in the absence of value. And I think like you and I could do a fun little experiment where I don't know, you ever talking to somebody about something and you're paying a cost to have that service delivered to you and you're, and you're just like totally worth it, like I would do totally worth it. Like, yeah, that's kind of the vibe I'm getting here. It's like at the end of days when we think about the worthiness of our God, that there's no one like him, that he's unequal, that he has no rival, that the gospel is the sweetest message that we're rescued literally from the pit. We're just say no matter what the cost of us personally, great or small, totally worth it, that that's what we'll be saying for all of eternity as we worship him. [00:41:45] Tony Arsenal: Yeah, and I think even more than saying, totally worth it. I think when we are given our new eyes to see, and we no longer see through a da a glass dimly, we're gonna recognize saying that it was worth, it is is like it's a pale, like it's a faulty answer to begin with because the, for sure the worth of the kingdom of heaven surpasses anything we could imagine. And in our, you know, locked in little meat brains that we have now, we're kind of com we're just comparing it to. You know, like what, what we could have had or what we, what we've given up. Um, it, it's gonna be an incomparable comparison. Like there's no, there's no measure that is satisfying, there's no measure that can actually show us how, how worthwhile it is. And, you know, we've, we've made a point of it, like the, the blessing of salvation and, and really like what it is that we're getting, uh, in, in the. You know, the Christian understanding of salvation, it's not, it's not an eternal destiny. It's not bigger mansions in heaven. It's not freedom from death. All of those things come with it. All of those things are attending gifts. That's right. But what we get in salvation ultimately is we get God we get union with God, we get fellowship with Jesus Christ in the, the power of the Holy Spirit. We, we get swept up into the life of the, the God of the universe. Like the life of the Trinity indwells us. And we, we become a part of that. Uh, not, not in the, you know, like. Eastern Orthodox deification sense, although I think there's a proper way we can talk about deification. Um, but we get swept up into that. We gain the relationship that the son has with the father by nature. We gain that by grace and nothing can compare to that. There's nothing that we could ever point to. Um, it's funny, my, my wife and I, um, this is a little corny, but, um, we'll often say to, to each other instead of saying, I love you more than anything, we'll say, I love you more than everything. Right. And, and it's, it's a way to say like. You could take all that there is in the world, everything that I have that I could possibly consider and sum up the value. And I love my wife more than that. I love my children more than that. So it's not that I love them more than any one thing, it's that I love them more than everything combined. And this is even greater than that, right? We, we will look back at our lives and if, if it's even in our mind, if we even can, can comprehend anymore. The idea of thinking about what it costs us to obtain this pearl of great value, which is the kingdom of heaven, which is just another way to say, is just fellowship with the God of the universe. Um, we'll look at it and say no matter what it was. No matter what it could have been, I would give everything I, I love God more than everything. Right. Right. There's nothing that could ever possibly be considered that even comes close to what we gain in, in Christ Jesus, in union with, with God. And I think that's the point of this, like I think the guy who, um. Christ's Perfect Sacrifice and Our Response [00:44:58] Tony Arsenal: I think about what it would take for me to even like to sell everything, like the concept of selling everything I own. I'm not even sure how I would do that, to be honest with you. Like, I don't even know the mechanism for that kind of thing. But the idea that there's anything that could be valuable enough that I would just sell every piece of human property that I have, there's probably nothing like that in this world. Like, there probably isn't. And to, to take that comparison and then basically say like, that's just what the kingdom of God is like. 'cause that's the other thing I think we miss about parables is you, you only make a comparison when you can't describe something, um, analytically, right? There's the difference between analogically and analytically Ana lot analytically means we're able to actually quantify and explain it kind of in strict terms, right? I can, I can say that, um, uh, a heavy object ways, X number of grams or it, you know, or, um. Pounds or whatever. I can, I can measure that and make an analytical statement, or I can make an analogy, an analogy that is comparative. Uh, but by definition, or almost by by nature of the thing, when you make that comparison, you're kind of saying like, not only is it like this, but it's actually it, like it's more like this than I can even describe. Right? So when we're talking about the kingdom of Heaven here, and we say it's, it's like, it's like a man who goes, he finds a treasure and then he sells everything. He has to get that treasure. It's infinitely more like that than it actually can be described. Does that make sense? I feel like I'm rambling on that a little bit. Maybe trying to describe something that can't be described is, is hard to do. [00:46:35] Jesse Schwamb: It's, that's, yeah. But yeah, that's, that's very difficult to do. I'm actually totally with you on this. I think I understand clearly what you mean, this idea that no matter how hard we actually try to value it, we'll be incapable of doing so. Yes. And at best, it almost seems like this is a strange command in a way because it's, it's asking us to do in some ways a thing that is impossible for us to do. However, I think what you're saying is it doesn't mean that we shouldn't turn our minds toward that. We're a bit like people who, I don't know if this show is still on PBS, but like, do you know that show, remember that show The Antiques Road Show? Yeah. Where people would like come, they'd ran ransack their homes or their garages with these old antique items and they bring them to this road show where there'd be experts who would value them. And inevitably we'll be like those people who come with what we think is like a. A thousand dollars clock that we got at a garage sale thinking, wouldn't it be great? I know this is valuable. It's probably a thousand dollars. It'll be, look at the return, tenfold return, I'll get on this item, and then instead finding that it's worth $10 million when it's appraised. Yeah, I assume it'll be just like that in the Beautific vision that even maybe for all of eternity will be growing in our appreciation for just how valuable this great salvation is. And yet at the same time, I think what this should encourage us to do is to pray things like God make us real in seeing and savoring Christ in his saving work above all the other things. Yeah. So that, as you said in your example, we would cherish him above everything, above all things that you have that right place in our hearts or that we be inclined to undertake that posture, which says, God, though I cannot understand it in full. Would you help me to see that? Encouragement in Our Spiritual Journey [00:48:08] Jesse Schwamb: And I wanna just say like, as a word of encouragement, maybe I'm speaking more to myself here so everybody else can disregard this if you like, but I think sometimes there can be a little bit of intimidation then when you hear these things and say like, ah, I'm just not, I just dunno if I love God enough, like I wanna love him, or I want to want to love him more. And I think even that posture is appropriate. Yeah. Sometimes there, oftentimes in my personal life, I'll pray something like, God, help me to know how much you love me and would you give me the strength to love you back? So that even that awareness, that energy, that volition, that vitality, that, that heat, all of that, that fire itself is kindled by the Holy Spirit. It's not like we need to like try to again manufacture here. Because the point of these, these stories is not again, that we just find the means to do a transactional exchange here, but that instead we really just sit in the full promises of God. And of course to that, I would say we always need to go back to, to something like Romans eight. I mean, I know that we should, like you said, Tony, the. The standard description we give for the Bible is the one that gives itself, which is that all of it, all of it's is carried along by the Holy Spirit. All of it is God breathe. All of it is useful for something. And yet, of course, I say somewhat tongue in cheek that, you know, if I have 10 minutes to live, I'm probably not gonna the s descriptions of reading a genealogy, I'm going straight from Roman and say, Romans say, I think it's just like the pinnacle of the scriptures. And so just a couple of verses at the end there, because I think this is, this is leading us into what is this great treasure? What is the kingdom of God? Why do we value it so much? What is the saving power? And uh, these verses, I mean, always just entirely get me ready to run through a wall. So this is the end of, of Romans eight beginning verse 35. Who shall separate us from the law of Christ? Shall tribulation or distress or persecution or famine or nakedness or danger or sword as it is written for your sake. We are being killed all the day long. We are regarded as sheep to be slaughtered. No. In all these things, we are more than conquerors through him who loved us for I'm sure that neither death nor life, nor angels, nor rulers, nor things present, nor things to come, nor powers, nor height, nor depth, nor anything else in all creation, will be able to separate us from a love of God in Christ Jesus, our Lord. [00:50:22] Tony Arsenal: Yeah. Yeah. That's, that's a good word. And I, I, I like what you're saying too, is, is I think we, we can. There's this paradoxical thing that happens when the scriptures is trying to encourage us to do something, is we often like to get our, in our own way. And, and actually that becomes a source of discouragement for us. The Bible calls us to something and we know we can't live up to it. And that's actually like part and parcel of, of reform theology to recognize that this is law, like the, the, the, the, you know, maybe not in like the strict sense, like when we talk about dividing the scripture into law and gospel, um. It may not be that this particular passage would fall under that rubric of law normally, but this idea that we need to count the cost and that we need to be treasuring Christ more and more, and then when we feel like I'm just not getting it. I'm just not there. Like, I don't, I don't treasure Christ as much as I so should. Um, that Yeah, that's right. Nobody does. Nobody can, like, that's, that's kind of the point of this, and that's why it's law is it's, it shouldn't drive you in Christ. It should not drive you to despair. Right. It should not drive you to discouragement. It should drive you to gratitude that God saved you anyways. That, that this pearl of great value is still yours even though you can't possibly deserve it. Um, you know, we're, we're a little bit different than the, the merchant and the man who finds the treasure in the field in that we can't sell everything we have and obtain it like they have the ability to do that in the, in the parables. Right. Um, we, we don't, and we never will. And so rather than let that drive you to being discouraged that like you're just not getting. I recognize God is of infinite value and we are finite creatures. So we, we could, uh, value God perfectly. Like whatever that means, and I don't even know what that means, but we could value and cherish and love God perfectly as far as our capacities are concerned, and it still would not be enough to sufficiently merit God's favor for us. Like as much as we can, even in, even in eternity. As much as we can value and worship and love and praise Jesus, he is worth infinitely more than we could ever give, even when we do it perfectly. And this is, this is why you know Christ coming to die, to live on our behalf, to die in our place. Why that's necessary is because only this is a, maybe a different take on it. We, I think we talk a lot about how, um. Only God could, could carry, bear the wrath of God and not be destroyed. Right. Right. Only God could, um, could stand up under his own wrath, could stand up under the wrath of God and bear that punishment and not be destroyed. And so therefore, um, Christ had to be not just a man, but had to be God. But on the flip side. And God requires perfect perpetual obedience, which involves loving the Lord your God, perfectly with your whole heart at all times. Right? Only God can do that too. So it's not just that God. It's not just that G

Today, we cover the very ugly day for US equity markets, with the selling quite broad, but most concentrated in AI-related and crypto-related names as the latter is in a real funk and suggests poor liquidity. With Saxo Equity Strategist Ruben Dalfovo, we pick out several names to discuss including Oracle and Disney. Also, we look to next Wednesday's Nvidia earnings report as the next critical event risk for this market, noting other big retail names reporting in the US as well, including Walmart. Macro, FX and more also on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.  Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

What a wild week in the markets! In today's show, we'll break down the bearish action that's been fueled by uncertainty in economic data — from inflation jitters to mixed signals out of the Fed. Here's what's on deck:

MacroVoices Erik Townsend & Patrick Ceresna welcome, Mike Green. They'll discuss everything from the reopening rally to precious metals to energy markets. https://bit.ly/49SQx89  

Today we look at another fascinating session full of divergences, particularly the clearly emerging pattern of AI "picks and shovels" sellers (hardware makers, particularly in chips) performing well versus the biggest spenders on "miners" or those investing in AI data center capacity. Meanwhile, will there be any power to drive further growth? A rundown of the massive comeback in gold, energy and more with with Saxo Head of Commodity Strategy Ole Hansen, notably connecting Trump's turn left and fresh talk of "stimmies" or stimulus checks and the implications. Macro and FX and more also on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.