The phrase "am daggers with" is not a common phrase, but if we analyze its spelling using the IPA phonetic transcription, it becomes clear. The first word "am" is pronounced as /æm/, which is a common contraction for "I am". The next word, "daggers", is pronounced as /ˈdæɡərz/, with the stress on the first syllable. Finally, "with" is pronounced as /wɪð/. Therefore, with this pronunciation guide, the spelling of "am daggers with" makes more sense phonetically.