Sept. 14, 2025

A Dark Week in America: Markets, Politics, and the Road Ahead

A Dark Week in America: Markets, Politics, and the Road Ahead
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A Dark Week in America: Markets, Politics, and the Road Ahead
A Dark Week in America: Markets, Politics, and the Road Ahead
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This week on Money Matters, brought to you by Greenberg Financial Group, we examine one of the darkest weeks in recent American history. From the tragic stabbing of an innocent woman to the shocking assassination of Charlie Kirk. Dean breaks down the ripple effects across politics, economics, and national sentiment. The full team also reviews the latest stock market action, highlighting which companies stood out with notable price moves. We explain why now is a critical time to consider locking in interest rates, with the Fed signaling more potential cuts ahead, and explore which industries stand to benefit most in a lower-rate environment. As always, we discuss our financial planning process and why preparation matters more than ever in uncertain times.
Don’t miss your chance to sign up for our free interactive financial planning workshop, visit greenbergfinancial.com today to secure your spot.
If you would like to contact us to learn more about our firm, our seminars, and our process - call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com

WEBVTT

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Money Matter Show with Dean Greenberg. I wish we could

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be bringing you some uh, just market news this week,

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but unfortunately, there's a lot of other things going on,

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and they're important. The reason they're important it shakes the

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core of who we are and what we are when

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we are trying to get better and get along and

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people aren't getting along. And now it's gotten to the

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point that it's kind of like, all right, I'm going

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to kill people. And you know, yeah, we've we've lived

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through some assassination attempts before. I don't remember three assassinations

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and attempts and one actually working in such a short

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period of time. But it's it's kind of interesting from

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the concept of why, and that's some of the things.

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You know, we've got to be able to think about

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where we are and what we're going. And you're like, well,

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this is about the markets. Why how's it don Well,

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consumer confidence is down lower than expected this week, and

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the reason being is when people are confused and don't

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understand what's happening, they're not comfortable with what's happening, and

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the sentiment goes down. People don't invest, but somehow the

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markets keep going high. I get that but the investing part,

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the mental part, the long term investment, the excitement part

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is gone. And it's not just about Charlie Kirk being assassinated.

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It's not just about that poor Ukrainian girl getting stabbed

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in the neck. It's not just because we've had shootings,

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school shootings.

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Add it all up.

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The wars they start dragging on you. They wonder are

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we going to get in the war and not get

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in the war. We don't want to get in the war.

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Nobody wants wars. And there's problems all over the world

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with governments, and it just seems to me that you know,

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people are understated, but they don't want to make the

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changes from socialistic countries to make things work, and those

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all have an impact on what happens in our markets,

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our money, and the global economy. The markets, however, this

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week still went up. DAL was up one, SMP was

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up one point six the NASDAK was up two percent.

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The wrestle two thousand Bailly made it up and the RSP,

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which is the equal weighted SMP, was only up point

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three percent. It still puts US up about two percent

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on the SMP for the month, three percent for NASDAK,

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but everything else is only up half a percent or so,

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and the dal sits up seven percent for the year.

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SMP is up twelve, Nasdak's up fourteen, Russell's up seven,

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equal Weight is up seven. Also good numbers, not bad numbers.

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But most of it's in the technology stocks, and that's

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where it's going to stay. We've talked about this for

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a while that we're we're in a if you're looking

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at a game right now, a ball game of nine innings,

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I think we're in the first second inning of the

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AI explosion.

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You know.

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You know a lot of people talk to me about

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how do you feel that way? Said, go back and

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look at history, and there's a lot in history that

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repeats itself. I'm a big believer of history repeats itself,

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maybe not exactly, but in different ways. And if you

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go back and look at the nineteen twenties, you know,

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we had the pandemic at seventeen eighteen nineteen something like that.

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We had the pandemic in the twenty in nineteen twenty twenty,

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kind of same deal, handle it differently. Of course, a

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lot of people died, the economy was crushed, but they

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were able to do things to keep everything going, which then,

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obviously in our side, created a boom and an inflationary problem,

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which the FED did not look at and handle correctly.

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For whatever reason. They thought it was just a temporary

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blipping and it was transitory and then it would come down.

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Never did didn't understand the supply chain, didn't understand understand

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wages go going high was going to cause inflation to stay.

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We talked about it on the show for a very

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long time. That's it's going to stay. It's going to sticky.

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It's not going to be up seventy eight percent, but

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it will come down and it's not going back down

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to zero one percent of where it was. So now

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in the situation, you know that interest rates are high

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for the normal person, inflation is subsided. Uh. And the

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economy started showing some weakness a little bit here and there. Unemployment,

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which was as lowest tip tick up a little bit.

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And there's problems, and there's problems politically, there's problems socially,

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there's problems everywhere. But the markets, for some reason, keep

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going higher. But that's what makes me uncomfortably bullish. I'm

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bullish because we're just like the smokestack manufacturing cars and

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all created a boom in America in the twenties, and

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there was a roaring twenties. I believe what we're seeing

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is the same thing in the technology world of AI

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and just a boom. And I think it's a good

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another eight to ten years more. And I think that

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at least for the next sweet spot of the next

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six years, we're going to be in good shape where

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you know, you're going to be able to just be

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part of it and watch it rally. I mean, there's

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a lot of things that are attached to the uh

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these mega centers, uh, these uh these buildings, these buildings

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are making so the AI can fit it. You know,

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there's everything from cooling is building it to energy to

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nucular you name it. It's so many different things that

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are going to be part of this technological technological advances

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we're making. It's just like the twenties and the and

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the any incredible growing twenties. We're back in the rowing twenties.

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And then obviously it ended in a bad situation and

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we've got to be careful full about that. But the

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situation is going to go ahead and allow investors to

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make some good money understanding we're going to get through it,

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but don't be greedy when they're ralling up because it

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will be pullbacks, there will be volatility. So we always

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say keep your court position, trade around it, invest more

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on the pullbacks, and there's other ways to go, do

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other things. And if they go higher and take some

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money off the table, it's okay, and you can take

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off the new stuff off the table, so you're not

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paying the long the big capital gains off there. There's

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a you know, if you buy five hundred shares at

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twenty dollars and now it's one hundred and fifty and

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it pulls back to one twenty and you buy another

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five hundred shares, you can go ahead and just sell

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that new share lot of one hundred and twenty, So

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you're not going to pay all those taxes from twenty dollars.

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Just remember that. That's it. It's being tax effective so

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you don't have to pay huge capital gains if you

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go in the head take some money off the table.

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So we move forward here, where do we see the upside? Well,

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it's gonna depend what the Fed says. The markets are

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moving up with the idea that the Fed is going

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to lower interest rates. If the FED lowers interest rates

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a quarter percent, I think you got a yawn. Net

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Coms buying the new roomor sell on the news probably

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have a little bit of pull back, maybe up a

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little bit. It depends what they say. If they say

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a quarter and then we're gonna go another quarter another quarter,

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will be up a one percent in the next four

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or five months, down one of one percent next four

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or five months, that's a different story. But if what

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if they cut by a half and then a quarter

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in a quarter, I think that you'll see a stimulus

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come in and think you think that the Fed's there,

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and then the markets can take off. And that's gonna

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help the technology stocks. It's gonna help the growth stocks

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because with interest rates lower, that helps everything. It's also

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going to help our debt. Okay, energy prices are down.

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That's what helps the economy grow and do the things

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we need to do. And if we and if we

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do things that they say they're going to do and

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increase jobs in the areas that we need it to

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be because let's face it, with this new technology, we

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need to know how to use it, how to learn

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from it, how to build on it, and we're going

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to have to honestly, we're going to have to go

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ahead and actually train people just be you know, in

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that trade of being able to handle the AI, to

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handle the computers, to handle the technology that's going to

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be there. You know, It's like it's like an auto

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mechanic today, he needs to know computers. It's not just

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you know, going in and taking the oil off and

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putting it back on and saying, hey, I'm done. It's

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understanding the logistics of the electronics of the motive, the

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motor vehicles now. So there's a lot more to it

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than just being uh, you know, coming out of high

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school shop and be able to work on cars. There's

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a lot more to it now. And you have to

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understand the computers. You have to understand technology to make

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at work. So that's kind of where this whole thing is. So,

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I mean, if things are good, I mean, I definitely

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think we can see sixty seven hundred on the Dow

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pretty quickly, on the S and P pretty quickly, and

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I think you're going to see fifty thousand on the

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Dow way before you see anything in the thirties, all right,

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And where we are, we're right in the middle right

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now about forty five thousand, So I think you go

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up to fifty thousand before you go down under forty thousand.

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Anytime that there is a pullback here of say five seven,

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ten percent, we need to jump on it because I

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do think that coming back from there, the markets will rally.

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And that's given the fact that we don't have a

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black Swan event. Okay, and a black Swan event is

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something that we cannot predict or see coming on what

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it's going to be. I E nine to eleven, Okay,

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I E nine to eleven. Obviously it was September eleventh

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this week. I know a lot of us that are

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older had family friends killed. They are people that we've known,

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that I've known for long time, that have been sick

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and died from being at at nine to eleven at

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that time. I know people that were in the world

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Trade centers that didn't make it out. It's a terrible thing.

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And then what do we see this week is the

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other the other problems we have, you know right now

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in America. And it's not new, it's just different, you know.

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You know, during the sixties and seventies, we had the

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Vietnam War. They were protests all the time on college campuses.

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Why do you think it's any different on college campuses now,

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except the hate of a specific group has changed. It's

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not about saying America shouldn't be in the wars in Vietnam.

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It's you know, they lately it's been you know, blaming

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Jews for protecting themselves and all, and yeah, you might

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not like the way they've responded. You know, it's sort

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of like the same thing all the time, you know,

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especially like in a football game, the guy that gets

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the penalty is the second guy. You never see what

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the first guy does, and the second guy is the

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one that gets flagged because he pushes back and all. Well,

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it's kind of the same thing, I mean, except the

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fact that we know that Hamas, who lives in Palestine,

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rated and pillaged the Israelis on their territory. We know that.

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So all this other stuff about them fighting back there,

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you don't like the way they fight back, Well, you

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know what, you don't have a better air answer. And

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they didn't attack your house, they didn't attack your family,

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and you don't live in a place that says, hey,

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you know, we want to not hurt you. We don't

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want to just not talk to you. We want to

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annihilate you and your entire race. Okay, what would he

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say to that someone wants to annihilate your whole family,

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that they don't even want you to be existing next

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door to them. I think your attitude wuld be a

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little bit different, you know. So where we come now?

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I mean, what a horrible week, What a horrible week?

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Or you know all the all the you know, all

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the videos of the Ukrainian girl refugee that came to

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America to get away from the war ridden zone of

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Ukraine and with paying attention just to herself, not bothering anybody,

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some crazy maniac person decides to stab her and kill

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her and it's all on camera, all on camera. We

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have shootings, and then we have another assassination of Charlie Kirk.

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Why is a Charlie Kirk situation so big? Because he's

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a political activist. But he's a conservative political activist. He's

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not a politician. He started his own political group to

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spread the word of obviously being conservative and religion and

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Christianity from his beliefs to young people on college campuses.

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Never incited riots. There were never any type of protests

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that got out of control. It was conversation that made

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some people uncomfortable. But like everything now after he's been assassinated,

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people try to take excerpts out of his dialogue to

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say that he was a person of hate. I've read him,

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I've looked at him. I didn't know much about Charlie Kirk.

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I got to be honest with you. I knew what

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he was, conservative political activists, mostly for young people, talking

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about things that he needed to do. Knew what he

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was talking about, okay, And at the end of the day,

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there were a lot of followers, he had a lot

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of people believing in them. But he wasn't inciting riots,

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burning the flag, burning federal buildings. He was inciting conversation

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that people were uncomfortable with. And if you can do

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that and get killed for that, where are we today?

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The hypocrisy of it all is amazing to me, and

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I started to think, in wonder where we going as

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a country. Well, I think this is a breaking point,

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I really do. I think this is a breaking point

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that they've gotten to this level. We all felt feel

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sorrow and empathy for people are getting shot when it's

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not even their fault, and other things happening to them,

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but this one has bothered a lot of people. The

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thing that stands out to me the most is how

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the reaction is of the conservatives versus what the liberals

254
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usually do during these times. Have you assassinated a political

255
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left activist, The way they respond is simple violence, burning buildings,

256
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burning cars, tearing up their neighborhoods. Why do they do

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that because they hate America. They hate America. They want

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to destroy America. And it goes deeper. And this is

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not something that just came up. This is something that

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has been going on for twenty twenty five years. I've

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been talking to people, lots of people. We've been discussing it.

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When we grow up, every day you stood it desk

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with your hand over your heart and you said the

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pledge of allegiance. Whether you wanted to or not, you did.

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It gave you a sense of pride. It gave you

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a sense of I love America. It gave you a

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sense of I will go to war and protect America.

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Those were the feelings that you got as you grew up.

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In the sixties and the seventies. You didn't and you

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protested if you didn't want to go to war in

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the Vietnam War, and all this other stuff you protested

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on the campuses. Some of them got out of control,

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but most of them didn't. Somehow that has raised the

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bar to burning cities, burning cars, killing people, doing the

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things that are uncomprehensible. But if you look back at

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what's changed, it started in colleges, okay, started in colleges.

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The hatred for America started in the colleges. They didn't

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want any more prayer. They didn't want conservative people to

279
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be able to talk. If you didn't do what they

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wanted and what they said, they threatened you. Charlie Kirk

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was one of the probably few conservative activists that actually

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stood it and went to colleges and built up a

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great following. A lot of it built around God in Christianity,

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whether you believe in it or not, there's something to

285
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that believing in God that we've done away with. You

286
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can't say the prejudal allegiance anymore. Look what we did

287
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to the Star Spangled banner for so many years. You

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want to protest, they knelt, they didn't stand up. There

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was no pride. I understand it was about social justice.

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I always said, there's a way to do it, a

291
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different way to do it. How is our ideology so

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different when it comes to crime? How could it be

293
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that these blue cities are so different than the rest

294
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of America. You see the maps when we have these

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presidential elections, very few are all blue states. But the

296
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blue states are the more concentrated people and thus usually

297
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have a big say in what happens. But they're inner cities,

298
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they're big cities. They're countries. Right, you got Chicago, you

299
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got New York, you got California, those states Michigan switched.

300
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But those main states Illinois, California, and New York, and

301
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then you go up to eastern seaboard Connecticut and and

302
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and Massachusetts. They just believe one way. They believe in

303
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these sanctuarity cities. They believe in protecting the guilty. They

304
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protect people that have committed crimes. When has this been okay?

305
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We hear this all the time law and order. It's gone.

306
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When you can go ahead and have fourteen different times

307
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that you've been arrested for different actions and still be

308
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on the street, why would you think that it's not

309
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a game. Why would you think it's okay? And we

310
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try to set up these prisons. We try to set

311
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this up because we need this to be able to

312
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house these really, really bad people. And the only time

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it really affects you is when it is someone you

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know close to you, your friend, or your family that

315
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gets affected by these really bad people. Then you're up

316
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in arms. This is not about God, It's about the

317
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people that pull the trigger. I'm not a gun guy,

318
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never had a gun, but I believe people had the

319
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rights to their guns. I feel they'd have the rights

320
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to defend themselves. If I felt that I needed it,

321
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I would want to go get one. But we need

322
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to get to the point that people can talk. This

323
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political rhetoric of hate is unbelievable. And I know they're

324
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on both sides, don't get me wrong. This is not

325
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a one side issue.

326
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And yes.

327
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January sixth is a black eye. It was a terrible situation.

328
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I wish it never happened, and yes it's bad for

329
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the people on the right, it's bad for the conservatives.

330
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But that's one time that that's happened and should never

331
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have happened. What it was a one time event? How

332
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many other events do we have to put up with

333
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with these activists? Liberal activists on the other side that

334
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burned for federal buildings, kill people in site riots, Go

335
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ahead and make people scared on campuses. Everything that they're

336
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doing is wrong. How have we allowed the ability to

337
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have free speech on colleges actually go away unless it's

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what they want you to say. We are seeing a

339
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pendulum swing, and we need to see it swing even more.

340
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We need to understand each other's side, and we need

341
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to be part of it in each other side. People say,

342
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how did we get to the point that it's starting

343
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to swing. It's very easy. The ideology of being progressive

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left underestimated the impact and the power of parents when

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you take away their power. And if you looked at

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the last few days, it all all the way down

347
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to elementary school that they're saying that parents don't need

348
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to know if a kid wants to be going through

349
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a transformation. And that's when parents put their foot down.

350
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That's when parents started saying enough is enough. And that's

351
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when the woke left, and that's when the decisions on

352
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the left started going towards a little bit more towards

353
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the middle, and that's when they lost the election. When

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they had open borders, when they don't believe that there's

355
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people dying when they think that everybody else needs it's

356
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everything's fine. But yet they have security guards, they have

357
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fences around their houses, they have security systems, and they

358
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have money to take them and do things wherever they want.

359
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The politicians we have lived by different laws. The people

360
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on the left that keep promoting this, the ACLU or

361
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they live by a different situation than their people and constituents.

362
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And now people on the left to start and say

363
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this is enough, I'm done with this too. But why

364
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did we ever take away the fact that people can pray.

365
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I've seen football coaches get get get fired because they

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were praying. So now when you see all this stuff

367
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going on, all I hear now is like tea. You know,

368
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there was some with Charlie Kirk and some other things

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going on with people on the left saying things that

370
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they shouldn't be saying. Are now getting fired from the

371
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liberal stations of MSNBC and CNN and other networks because

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they're saying things that are disgusting. Instead of bringing things together,

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they're just saying things that they don't even know anything about,

374
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and they get fired and everyone's up and on. Well,

375
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they should have free speech. Well, guess what you talk about, karma,

376
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you're getting the comma because how many people have you canceled?

377
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Good people that got canceled because they believed in a

378
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certain product or they believed in a certain way, and

379
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you canceled. They canceled them down the road everyone concerts

380
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and canceled people because they didn't believe what they say.

381
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On the left, and now you see it. You don't

382
00:23:57.240 --> 00:23:59.599
see riots, you don't see fires, you don't see killings,

383
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you don't see militia's getting together, you don't see these protests.

384
00:24:03.559 --> 00:24:05.920
What you see right now on the right is people

385
00:24:05.960 --> 00:24:09.400
coming together and saying, how do we make America better again?

386
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How do we fix this so we don't have to

387
00:24:11.279 --> 00:24:13.480
live in fear? And the fear is going to get

388
00:24:13.480 --> 00:24:15.559
worse because of how many people have come into this

389
00:24:15.680 --> 00:24:18.440
country and we don't even know who they are, So

390
00:24:18.480 --> 00:24:20.359
it's gonna get worse before it gets better. But at

391
00:24:20.440 --> 00:24:24.039
least now we're fighting back for better America because we

392
00:24:24.400 --> 00:24:27.480
love America. Thanks for listening. We got a lot more

393
00:24:27.519 --> 00:24:30.680
to talk about. We'll be right back. Welcome back, everybody.

394
00:24:30.720 --> 00:24:33.000
This is the Money Matter Show. We are so happy

395
00:24:33.119 --> 00:24:35.119
here to listen. I know, it's been a tough week

396
00:24:35.160 --> 00:24:38.759
for everybody except those investing in the market. But you know,

397
00:24:38.839 --> 00:24:41.720
sometimes it's not about money, Dave. It's just not about money.

398
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Not about money.

399
00:24:43.720 --> 00:24:46.759
Yeah, it's about the core of who we are and

400
00:24:46.759 --> 00:24:49.319
what we are. And like I said in my monologue,

401
00:24:49.359 --> 00:24:53.440
I believe this is a turning point. I think people

402
00:24:53.519 --> 00:24:55.599
are now asking how do we stop this? What do

403
00:24:55.680 --> 00:24:59.359
we do? Okay, And of course you got the answers

404
00:24:59.400 --> 00:25:01.200
on the left, get well, get with the guns. You're

405
00:25:01.200 --> 00:25:03.519
gonna do gun control. It's not the gun control, Dave, Now,

406
00:25:03.640 --> 00:25:07.319
because these people still get guns, rifles, whatever they want.

407
00:25:07.519 --> 00:25:09.759
How about let's just start dealing with the fact that

408
00:25:09.759 --> 00:25:13.440
if you're a criminal, don't get repeat offenses. It's bad

409
00:25:13.519 --> 00:25:15.920
enough if you just you can't even see the first

410
00:25:15.920 --> 00:25:18.480
time they do it, But no repeat offenses like that.

411
00:25:18.720 --> 00:25:21.079
Like kind of like triple kind of like being an alcoholic. Right, first,

412
00:25:21.119 --> 00:25:23.079
you have to recognize that you have a problem. And

413
00:25:23.119 --> 00:25:25.519
I hope that this might be the catalyst to make

414
00:25:25.599 --> 00:25:27.000
us realize we've got a problem.

415
00:25:27.119 --> 00:25:27.279
Yeah.

416
00:25:27.279 --> 00:25:29.720
I mean, to start the week, you had a Ukrainian

417
00:25:29.759 --> 00:25:32.599
woman get that just stabbed for absolutely no reason, just

418
00:25:32.640 --> 00:25:35.000
going on to a bus someone like you said, Dean,

419
00:25:35.000 --> 00:25:37.279
it's been repeat offender fourteen.

420
00:25:36.880 --> 00:25:39.279
Different times, You've been arrested.

421
00:25:38.960 --> 00:25:43.279
And then let go constantly and then finally this happens.

422
00:25:43.640 --> 00:25:46.799
And I mean, imagine if the roles were reversed, right

423
00:25:47.200 --> 00:25:50.079
if a white deranged man stabbed a black woman on

424
00:25:50.119 --> 00:25:52.599
the bus, Charlotte will be burning to the ground right now.

425
00:25:52.640 --> 00:25:53.839
Yeah, oh absolutely.

426
00:25:53.920 --> 00:25:57.200
And also the same token with Charlie Kirk. I mean,

427
00:25:57.279 --> 00:26:00.799
imagine how if it was MLK this time, you'd have

428
00:26:00.880 --> 00:26:05.440
protests all across all the cities. And so it's very

429
00:26:05.480 --> 00:26:09.200
interesting how one side can say, you know, we have

430
00:26:09.279 --> 00:26:12.359
empathy when we choose, but then the other side, you know,

431
00:26:12.599 --> 00:26:15.240
you can say the other side doesn't get that same token.

432
00:26:15.279 --> 00:26:18.920
I mean, it's just the double standards. The hypocrisy is disgusting.

433
00:26:18.960 --> 00:26:19.920
We're the radical ones.

434
00:26:20.200 --> 00:26:21.039
It's ridiculous.

435
00:26:21.079 --> 00:26:22.920
And of course we had the twenty fourth anniversary of

436
00:26:22.960 --> 00:26:26.440
nine to eleven during the week, which we shall not forget.

437
00:26:27.119 --> 00:26:30.559
And then very very it didn't catch any headlines because

438
00:26:30.559 --> 00:26:33.200
of Charlie Kirk, but there was a school shooting in

439
00:26:33.240 --> 00:26:36.759
Colorado again on the same day. Same day, every being Colorado,

440
00:26:36.799 --> 00:26:38.559
sixteen year old kid goes in and shoots a couple

441
00:26:38.599 --> 00:26:41.559
of his classmates and antithematic.

442
00:26:42.599 --> 00:26:45.039
And I heard about also like a couple of posts

443
00:26:45.079 --> 00:26:48.079
about after the Charlie Kirk, how desensitized our society has

444
00:26:48.119 --> 00:26:51.599
gone with you know, the video and so many people

445
00:26:51.720 --> 00:26:54.279
just wanting to almost see the video, the call of

446
00:26:54.359 --> 00:26:57.519
duty esque mindset that a lot of these kids have

447
00:26:57.599 --> 00:27:00.440
grown up in just so used to violence and seeing

448
00:27:01.160 --> 00:27:04.240
bloody actions and just being okay with it, not having

449
00:27:04.279 --> 00:27:08.000
that human decency, that human empathy that previous generations grew

450
00:27:08.079 --> 00:27:08.400
up with.

451
00:27:08.759 --> 00:27:11.119
Well, it looked like something from a video game. If

452
00:27:11.200 --> 00:27:13.480
you if I happened, I don't want to see it again,

453
00:27:13.559 --> 00:27:16.640
but I happen to see it. I wasn't looking for.

454
00:27:16.640 --> 00:27:20.279
What happens in the video games, the blood out No, no, right,

455
00:27:20.319 --> 00:27:22.359
but what happens in the video games. When that happens

456
00:27:22.400 --> 00:27:23.599
and you're done with it, you don't want to see

457
00:27:23.599 --> 00:27:25.759
it that anymore. You reset and the back to being

458
00:27:25.839 --> 00:27:31.240
alive again. Respond, right, that mental part of it, even

459
00:27:31.279 --> 00:27:34.119
though they know the dead. Okay, if you kill someone,

460
00:27:34.680 --> 00:27:36.400
but they don't think it is you know what I'm saying.

461
00:27:36.400 --> 00:27:37.359
They don't value the life.

462
00:27:37.400 --> 00:27:38.440
They don't value it.

463
00:27:38.440 --> 00:27:41.480
It's not it doesn't hold the same meaning because they

464
00:27:41.519 --> 00:27:45.160
think that it can just be respond. I mean, human

465
00:27:45.240 --> 00:27:49.599
life is very one time, I mean, and the level

466
00:27:49.640 --> 00:27:53.720
of I mean, just having the ability to have discourse

467
00:27:53.759 --> 00:27:57.160
in this country is our number one first amendment. I mean,

468
00:27:57.200 --> 00:27:59.160
it's the number one thing. If you can't have freedom

469
00:27:59.160 --> 00:28:01.599
of speech, what can you have? What kind of society

470
00:28:01.599 --> 00:28:02.000
do you have?

471
00:28:02.799 --> 00:28:06.279
And then the market just continues to move higher. You know,

472
00:28:06.319 --> 00:28:09.480
September has a bad reputation because it is by far

473
00:28:09.519 --> 00:28:13.359
and away historically the worst month for stocks. But here

474
00:28:13.400 --> 00:28:16.440
we are halfway through, up one point nine percent new

475
00:28:16.480 --> 00:28:19.839
all time highs last week for all of the major indices,

476
00:28:20.480 --> 00:28:24.079
including the RSP RSP being the equal weight to SMP

477
00:28:24.240 --> 00:28:28.799
five hundred that measures all the overall market. And we'll

478
00:28:28.799 --> 00:28:32.039
always like to say that's the market RSP new all

479
00:28:32.079 --> 00:28:34.960
time high, not new fifty two week high, new all

480
00:28:35.039 --> 00:28:36.279
time high. Yeah. I mean.

481
00:28:36.319 --> 00:28:39.519
The reason that September is being good to us so far,

482
00:28:39.599 --> 00:28:41.759
even usually it's not, is because of all the Fed news.

483
00:28:42.279 --> 00:28:44.279
We're thinking they're going to lower rates is coming week.

484
00:28:44.720 --> 00:28:46.640
I mean, it's everything's pointing to that. But how much

485
00:28:46.680 --> 00:28:49.039
are they going to lower it? That's the optimism going

486
00:28:49.079 --> 00:28:51.039
into it. Kind of think they need a start lowering

487
00:28:51.160 --> 00:28:54.480
rates based on some data. But that's why September might

488
00:28:54.519 --> 00:28:55.759
be better this year than historic.

489
00:28:55.799 --> 00:28:57.880
But obviously, but also you're saying like equal weight to

490
00:28:57.920 --> 00:29:00.880
getting all time high. It's only twenty basis points for

491
00:29:00.920 --> 00:29:03.039
the month. It was up thirty basis points for the week,

492
00:29:03.279 --> 00:29:06.559
the SMP up one point six, NASG up two percent.

493
00:29:06.559 --> 00:29:10.200
I mean, it's continuously being driven by these textocks mag seven.

494
00:29:10.359 --> 00:29:12.440
I saw the mags etf on Friday up you know,

495
00:29:12.519 --> 00:29:16.440
one point seven percent. Those companies continued to dominate, and

496
00:29:17.119 --> 00:29:19.279
I mean it's it's interesting that were at the sixty

497
00:29:19.319 --> 00:29:21.519
six hundred on the SMP, the all time high. We

498
00:29:21.559 --> 00:29:25.240
always talk about how big psychological levels can be resist numbers,

499
00:29:25.319 --> 00:29:28.160
right yep, So that definitely happened. It, you know, finished

500
00:29:28.200 --> 00:29:31.480
right at the sixty five eighty four on Friday. So

501
00:29:31.480 --> 00:29:33.880
that's that's the new high, sixty six hundred on the SMP.

502
00:29:33.960 --> 00:29:36.359
We were talking seven thousand a couple of months ago,

503
00:29:36.400 --> 00:29:38.599
and it seemed very far off. You know, that's less

504
00:29:38.640 --> 00:29:39.559
than eight percent from here.

505
00:29:39.839 --> 00:29:42.680
I was listening back to one of our shows from

506
00:29:42.839 --> 00:29:45.319
just a few weeks ago, where Dean was talking about

507
00:29:45.359 --> 00:29:48.759
the SMP hitting sixty four hundred and saying it's all

508
00:29:48.799 --> 00:29:51.319
of the news is out right, which which is not

509
00:29:51.920 --> 00:29:52.559
what he was saying.

510
00:29:52.680 --> 00:29:53.039
True.

511
00:29:53.440 --> 00:29:55.319
All of the things with Trump and the tariffs and

512
00:29:55.720 --> 00:29:58.279
waiting for China and waiting for a Europe and all

513
00:29:58.359 --> 00:30:01.160
that was was out at that point. So sixty four hundred.

514
00:30:01.359 --> 00:30:04.400
What could possibly drive it higher? And here we keep going.

515
00:30:04.599 --> 00:30:06.440
I think another point that I mean, I was at

516
00:30:06.480 --> 00:30:10.160
a golf tournament on Friday for Southern Arizona home builders

517
00:30:10.440 --> 00:30:14.680
and seeing that sentiment of that industry is coming off

518
00:30:14.720 --> 00:30:17.240
of a bottom. Right, you have these lower interest rates

519
00:30:17.240 --> 00:30:20.200
that is sparking another part of the economy that hasn't

520
00:30:20.240 --> 00:30:22.759
participated in the last year and a half rally that

521
00:30:22.799 --> 00:30:26.240
has been really just tech driven, data center driven. It's

522
00:30:26.279 --> 00:30:29.200
been pushing this market higher, but it's only been you know,

523
00:30:29.559 --> 00:30:32.920
participating a certain part of the economy now the housing.

524
00:30:33.039 --> 00:30:34.799
You know, we saw some solar companies that are going

525
00:30:34.880 --> 00:30:37.720
to get some bids if interest rates get lower, different

526
00:30:37.920 --> 00:30:41.480
you know, interest rates sensitive businesses are going to become

527
00:30:41.519 --> 00:30:43.559
better and I think that's what's kind of helped push

528
00:30:43.599 --> 00:30:46.279
the market even higher over these last month and a half.

529
00:30:46.400 --> 00:30:49.599
Okay, but let's think this through. So in CPI, the

530
00:30:49.680 --> 00:30:54.960
consumer price index two point nine percent in August, that's

531
00:30:55.000 --> 00:30:58.079
the highest in January. It's actually the highest in eighteen

532
00:30:58.160 --> 00:31:00.839
months if you go back and look at where things were.

533
00:31:01.519 --> 00:31:07.000
So prices are slowly rising, slowly but steadily rising, and

534
00:31:07.039 --> 00:31:10.440
that's without any help from housing. And that's without any

535
00:31:10.440 --> 00:31:14.640
help from oil. What happens if oil? What happens if

536
00:31:14.680 --> 00:31:17.599
these lower interest rates to ignite a boom in housing

537
00:31:19.599 --> 00:31:21.960
and that ignites the boom and oil. Yeah, very well,

538
00:31:21.960 --> 00:31:23.839
that's what do you have in terms of CPI. Then

539
00:31:23.880 --> 00:31:27.079
you've got to fed this lowered rates one or two times.

540
00:31:27.119 --> 00:31:28.480
It's gonna have start raising rates.

541
00:31:28.559 --> 00:31:30.960
But if you do remember the FED a month two

542
00:31:30.960 --> 00:31:33.279
months ago said we don't care about inflation. Inflation is

543
00:31:33.319 --> 00:31:34.680
kind of where we want it to be. We now

544
00:31:34.720 --> 00:31:37.000
care about the labor market. And that's why I think

545
00:31:37.039 --> 00:31:40.119
this last labor report had such a big market moving effect,

546
00:31:40.160 --> 00:31:42.960
because it came in quite weak, no question, and it

547
00:31:43.000 --> 00:31:44.680
gives them the kind of leg to stand on to

548
00:31:44.680 --> 00:31:47.039
start cutting these rates. And if the labor market continues

549
00:31:47.079 --> 00:31:49.400
to get weak, that kind of does give them the

550
00:31:49.440 --> 00:31:53.920
ability to keep this lowering rate cycle. If it continues.

551
00:31:53.640 --> 00:31:57.480
I think that we're probably looking at No, not probably,

552
00:31:57.799 --> 00:32:00.680
I think we could possibly be looking at Stagflation. Is

553
00:32:00.680 --> 00:32:03.359
what it looked like to me, is maybe where we're

554
00:32:03.359 --> 00:32:06.319
going in the stakeflation is the worst possible economic outcome.

555
00:32:07.039 --> 00:32:09.039
I agree, But do you think it matters right now

556
00:32:09.079 --> 00:32:12.920
to the market more labor reports or CPI reports, and

557
00:32:12.960 --> 00:32:14.039
I think it's labor right now?

558
00:32:14.039 --> 00:32:16.720
It does right now, absolutely, no question. The Fed is focused.

559
00:32:16.880 --> 00:32:18.839
I don't know how much of it's got to get

560
00:32:18.880 --> 00:32:21.400
Trump off their back, right there's some of that for sure,

561
00:32:22.119 --> 00:32:25.039
And then of course the how what gives them the

562
00:32:25.039 --> 00:32:27.880
ability to get Trump off their back is the reports

563
00:32:27.880 --> 00:32:30.240
on labor over the last couple of months have showed

564
00:32:30.240 --> 00:32:34.160
a weekending jobs market, much of a low look back

565
00:32:34.359 --> 00:32:37.119
the March. The annual look back from March nine hundred

566
00:32:37.160 --> 00:32:39.359
and eleven thousand fewer job dealing, I think he said

567
00:32:39.440 --> 00:32:39.839
last week.

568
00:32:39.920 --> 00:32:41.759
Yeah, it was from March twenty five to March twenty four,

569
00:32:41.799 --> 00:32:44.160
that twelve month trailing it was nine hundred and eleven

570
00:32:44.160 --> 00:32:46.000
thousand jobs less than they initially thought.

571
00:32:46.000 --> 00:32:48.039
So that's had been reported then were reported.

572
00:32:48.079 --> 00:32:50.480
Yeah, so the job mark was weaker than they thought

573
00:32:50.519 --> 00:32:53.599
coming into this new administration. Is what was reported like that.

574
00:32:54.319 --> 00:32:56.480
But I mean, like we said, it didn't do too

575
00:32:56.559 --> 00:32:58.799
much to the markets. It's kind of in the sense

576
00:32:59.160 --> 00:33:00.759
the marks are happy because it's weakers. So are they

577
00:33:00.759 --> 00:33:02.119
going to lower rates? Stuff like that?

578
00:33:02.400 --> 00:33:03.799
Bad news and good news right now?

579
00:33:04.119 --> 00:33:06.279
Yeah, well, you know, keep hearing it pretty much. Some

580
00:33:06.319 --> 00:33:08.559
people in the housing industry still think that, like, oh,

581
00:33:08.559 --> 00:33:10.240
I heard the Fed is going to lower interest rates

582
00:33:10.279 --> 00:33:12.680
this month. The mortgage rate's going to go down, And

583
00:33:12.680 --> 00:33:15.279
it's like the mortgag rates are already down because everyone

584
00:33:15.400 --> 00:33:17.880
knows it's a ninety nine percent, ninety nine point nine.

585
00:33:17.880 --> 00:33:20.559
They're going to cut rates this month twenty five base points.

586
00:33:20.559 --> 00:33:22.519
I don't think we're getting fifty unless someone else has

587
00:33:22.559 --> 00:33:22.839
heard that.

588
00:33:23.039 --> 00:33:25.160
Well, and a big thing that people are looking at too,

589
00:33:25.200 --> 00:33:26.880
investors are looking at it in companies now is what

590
00:33:26.920 --> 00:33:29.640
their guidance is, what their futures looking up? Because of all,

591
00:33:29.680 --> 00:33:31.440
how are they dealing with the new terrorists, the new

592
00:33:31.480 --> 00:33:33.000
world that we're going to be living in as long

593
00:33:33.000 --> 00:33:34.880
as these terrorists are there, as long as the new

594
00:33:34.920 --> 00:33:37.960
technology is coming through with AI, what are companies guidances?

595
00:33:37.960 --> 00:33:40.279
And you saw Oracle go up thirty six percent with

596
00:33:40.359 --> 00:33:43.440
its largest jump in thirty five years, almost thirty three years.

597
00:33:43.519 --> 00:33:44.160
It's amazing.

598
00:33:44.559 --> 00:33:47.559
Yeah, I mean Marry Ellison's networth jumped one hundred and

599
00:33:47.599 --> 00:33:49.279
nine billion to making the richest man in the world

600
00:33:49.319 --> 00:33:51.599
because of that stock just going that high. Obviously, it

601
00:33:51.680 --> 00:33:54.680
dropped six percent the next day, but it just had

602
00:33:54.720 --> 00:33:56.440
a great day. And it's because it's talking about a

603
00:33:56.440 --> 00:33:59.200
five hundred billion dollar investment that and three hundred billion

604
00:33:59.200 --> 00:34:02.079
of that is open up into all these the cloud

605
00:34:02.200 --> 00:34:05.480
infrastructure that Oracle offers, and that's what they keep looking

606
00:34:05.519 --> 00:34:07.400
at is what is the future and where is it?

607
00:34:07.440 --> 00:34:09.639
And that's why I think Nasdaq was up two percent

608
00:34:09.679 --> 00:34:12.559
this week because it's all tech. You had Friday, you

609
00:34:12.639 --> 00:34:15.679
had quantum companies all go up roughly ten percent at

610
00:34:15.719 --> 00:34:18.880
least because they had breakthrough and hardware we're talking about AI.

611
00:34:19.239 --> 00:34:21.400
Quantum is the next step, which is about five ten

612
00:34:21.480 --> 00:34:23.519
years away in that sense from what people are saying.

613
00:34:23.840 --> 00:34:25.559
But they're having these breakthroughs a lot quicker than they

614
00:34:25.599 --> 00:34:28.039
initially thought. Google had to break through a few months ago,

615
00:34:28.239 --> 00:34:29.880
and they thought that breakthrough is going to be five

616
00:34:29.960 --> 00:34:32.920
years from now. So does quantum just make it go

617
00:34:32.960 --> 00:34:34.360
that much quicker? And then all of a sudden these

618
00:34:34.400 --> 00:34:37.400
companies are having the breakthrough is quicker with the hardware,

619
00:34:37.440 --> 00:34:39.480
with the software, with the infrastructure.

620
00:34:38.920 --> 00:34:40.400
Of the quantum and all that.

621
00:34:40.920 --> 00:34:43.920
Now, all of a sudden, that's the next step without

622
00:34:44.000 --> 00:34:46.280
and then we're going past AI and AI will be.

623
00:34:46.320 --> 00:34:50.000
Used in that the Oracle report was so astounding to me,

624
00:34:50.039 --> 00:34:53.400
it was astounding, and that they announced that in their

625
00:34:53.400 --> 00:34:59.159
pipeline they had ten years more than any year in

626
00:34:59.199 --> 00:35:01.639
which their annual revenue has been If I can't say

627
00:35:01.679 --> 00:35:04.320
it right, but their annual revenue last year was fifty

628
00:35:04.360 --> 00:35:07.800
two billion dollars, right, they have five hundred billion dollars

629
00:35:07.880 --> 00:35:10.960
in the pipeline. Are you serious? You know? How's that?

630
00:35:11.079 --> 00:35:13.639
And I think a lot of people over the last

631
00:35:13.679 --> 00:35:15.559
couple of days have been kind of thinking about does

632
00:35:15.599 --> 00:35:16.920
that make any sense at all?

633
00:35:17.079 --> 00:35:18.800
I think it does make sense just because of the

634
00:35:19.320 --> 00:35:22.000
mass amount of money that's going into these GPU farms.

635
00:35:22.039 --> 00:35:25.760
I mean, when I think about artificial intelligence headed into

636
00:35:25.800 --> 00:35:27.800
the next three to five years, I'm thinking about it

637
00:35:27.880 --> 00:35:30.400
in the social media sense of how different it's going

638
00:35:30.440 --> 00:35:32.840
to change of our lives. What is the almost the

639
00:35:32.880 --> 00:35:35.480
social media effect of this artificial intelligence, Because we're going

640
00:35:35.519 --> 00:35:37.519
to get to the point where there's AI agents that

641
00:35:37.599 --> 00:35:40.199
do work for us. Right, that's going to take jobs away?

642
00:35:40.480 --> 00:35:43.079
How is that going to keep affecting? At GPU? Farms

643
00:35:43.119 --> 00:35:44.400
are just growing more and more and more.

644
00:35:44.480 --> 00:35:46.559
Good point. We'll talk more about this after the break.

645
00:35:46.599 --> 00:35:48.639
We'll be back with the next segment of The Money

646
00:35:48.679 --> 00:35:51.079
Matter Show. Thanks for joining us, We'll be right back.

647
00:35:53.000 --> 00:35:54.800
Welcome back to the Money Matter Show. My name is

648
00:35:54.840 --> 00:35:57.760
toddlik I'm here with the Basseinborer, Sine, Dylan Greenberg, and

649
00:35:57.880 --> 00:36:00.960
David Sherwood. We're talking about how Oracle had its biggest

650
00:36:00.960 --> 00:36:04.119
one day jump in over thirty years, and it was

651
00:36:04.199 --> 00:36:06.719
a beautiful jump for the stock. I mean, we had

652
00:36:06.760 --> 00:36:08.960
a good position for a lot of our clients and

653
00:36:08.960 --> 00:36:11.599
that was a good thing for them. And what we

654
00:36:11.639 --> 00:36:14.119
talk about always is when you have a good position

655
00:36:14.239 --> 00:36:17.880
like that, explode higher, Right, you have a couple of decisions.

656
00:36:17.880 --> 00:36:20.880
Do you you let it go do you trim it back?

657
00:36:20.920 --> 00:36:23.199
And I think it's all about position sizing, right, Dave.

658
00:36:23.239 --> 00:36:24.719
I mean, if you started with a one percent and

659
00:36:24.880 --> 00:36:27.199
exploded higher and now it's three percent, you don't necessarily

660
00:36:27.199 --> 00:36:29.079
need a trim it. It's not a large percent of

661
00:36:29.119 --> 00:36:31.440
your portfolio. But we do have some times where someone

662
00:36:31.480 --> 00:36:34.039
will have five percent perfore maybe Oracle, and then it

663
00:36:34.039 --> 00:36:36.400
explodes and now it's twenty five percent of your portfolio.

664
00:36:36.599 --> 00:36:38.159
And at that time it kind of could make sense

665
00:36:38.199 --> 00:36:41.280
to trimp some back because, like you said, Dylan, next

666
00:36:41.360 --> 00:36:43.000
day Oracle trims back six percent.

667
00:36:43.079 --> 00:36:44.679
How about the last two and a half days, it's

668
00:36:44.679 --> 00:36:47.880
giving back sixty percent of that game. Yeah, sixty percent

669
00:36:47.960 --> 00:36:49.480
is down fifty points.

670
00:36:49.199 --> 00:36:51.519
Yeah, I mean, and then it's a big A great

671
00:36:51.559 --> 00:36:54.079
example of that is in Nvidia. I mean, that turned

672
00:36:54.079 --> 00:36:56.599
from two percent of people's portfolios to three percent to

673
00:36:56.920 --> 00:36:58.840
twelve percent for the last month.

674
00:36:59.239 --> 00:37:00.960
And then we want to pay taxes.

675
00:37:00.679 --> 00:37:02.639
Right, yeah, And I mean if you're in a retirement account,

676
00:37:02.679 --> 00:37:04.599
it makes it easy to trim that position and get

677
00:37:04.639 --> 00:37:07.800
it back to where it isn't just realize some gains

678
00:37:07.800 --> 00:37:09.480
because you're not paying any taxes on it if it's

679
00:37:09.519 --> 00:37:11.719
in a retirement account. Obviously, if you have a huge

680
00:37:11.760 --> 00:37:13.840
position in a taxble account, you don't want to necessarily

681
00:37:13.920 --> 00:37:15.760
sell it if you have no other losses and you

682
00:37:15.800 --> 00:37:17.920
don't want to realize taxes because you really have no

683
00:37:18.039 --> 00:37:19.440
use to do it for that money this.

684
00:37:19.440 --> 00:37:22.440
Year and over the last forty five years, of doing this.

685
00:37:22.559 --> 00:37:27.480
I have witnessed a large number of positions that had

686
00:37:27.840 --> 00:37:31.559
very highly appreciated prices and the clients did not want

687
00:37:31.599 --> 00:37:35.239
to pay taxes on them, and the gain went away,

688
00:37:35.880 --> 00:37:37.960
so they didn't have to pay taxes on them anymore

689
00:37:38.239 --> 00:37:41.280
because there is no gain. Yeah, soh you know, six

690
00:37:41.320 --> 00:37:42.840
and one half does none. If you've got a long

691
00:37:42.920 --> 00:37:45.840
term capital gain, twenty percent the maximum you're going to pay.

692
00:37:47.320 --> 00:37:50.800
You need to be trimming some of these broadcoms and

693
00:37:50.960 --> 00:37:54.199
Oracles and n videos, some of these stocks that have

694
00:37:54.400 --> 00:37:58.159
really run. You've got to trim them back. Will you

695
00:37:58.239 --> 00:38:01.039
have to pay tax on it? Oh? Well, you know,

696
00:38:01.079 --> 00:38:03.239
I want to be in the highest tax bracket every year.

697
00:38:03.320 --> 00:38:05.519
That's my goal. I always want to be in the

698
00:38:05.559 --> 00:38:06.199
highest tax.

699
00:38:06.400 --> 00:38:08.000
In a sense, if you don't make over five hundred

700
00:38:08.000 --> 00:38:11.079
and eighteen thousand dollars, well, as a single filer, you're

701
00:38:11.159 --> 00:38:14.320
paying fifty zero to fifteen percent of that capital gains

702
00:38:14.360 --> 00:38:17.360
twenty percent starts at after five hundred and eighteen thousand.

703
00:38:17.360 --> 00:38:20.159
An income that high is that high? Holy cow? Wow?

704
00:38:20.239 --> 00:38:20.679
I didn't really.

705
00:38:20.920 --> 00:38:22.679
You got to make a lot of money, yeah, come

706
00:38:22.760 --> 00:38:24.320
to be able to pay the twenty percent. So if

707
00:38:24.360 --> 00:38:27.360
you're twenty percent and you're realizing games. Then you're doing

708
00:38:27.360 --> 00:38:27.840
something right.

709
00:38:28.119 --> 00:38:31.440
Yeah, So don't don't let don't let taxes be the

710
00:38:31.519 --> 00:38:34.760
primary deciding factor as to whether you hold a stock

711
00:38:34.880 --> 00:38:35.079
or not.

712
00:38:35.280 --> 00:38:37.920
We had we saw someone with open Door just absolutely

713
00:38:37.960 --> 00:38:41.199
killed this week. Open Door just going up in one

714
00:38:41.239 --> 00:38:43.440
of those meme stocks. It seems like right now, I mean,

715
00:38:43.719 --> 00:38:46.280
unless the business model absolutely changed. I mean that thing

716
00:38:46.360 --> 00:38:49.119
was up about seventy percent of stock.

717
00:38:49.159 --> 00:38:51.199
And this client called his own shots and he was

718
00:38:51.400 --> 00:38:54.239
he'd buy one thousand, and buy another thousand, buy another thousand.

719
00:38:54.599 --> 00:38:56.679
I just what are you? You know? It was a

720
00:38:56.800 --> 00:38:59.239
dollar dollars and a half, two dollars in back to

721
00:38:59.280 --> 00:39:03.079
a dollar and ended up with thirty thousand shares in

722
00:39:03.119 --> 00:39:04.559
every price of a dollar and a half, and it

723
00:39:04.599 --> 00:39:06.239
went to ten to three quarters, so that it was

724
00:39:06.239 --> 00:39:06.880
a pretty good day.

725
00:39:06.960 --> 00:39:08.480
I just want to give a little lens of how

726
00:39:08.559 --> 00:39:12.320
crazy that trade was, because, for example, you have the Spy,

727
00:39:12.440 --> 00:39:13.960
which is the ETF for the S and P five

728
00:39:14.039 --> 00:39:17.960
hundred right on Thursday, whenever that big pop was let's

729
00:39:17.960 --> 00:39:20.559
say about fifty sixty million shares traded in the Spy

730
00:39:20.639 --> 00:39:23.360
that day. Yeah, Tesla one hundred million shares traded that

731
00:39:23.480 --> 00:39:27.519
day open door. I'm pretty sure it hit a billion shares.

732
00:39:28.880 --> 00:39:32.039
I mean, I don't know exactly what the end's result was,

733
00:39:32.079 --> 00:39:34.039
but I saw it. Around nine hundred and fifty two

734
00:39:34.079 --> 00:39:35.400
million shairs traded that day.

735
00:39:35.320 --> 00:39:37.519
Right, and it went down a buck and a half

736
00:39:37.559 --> 00:39:40.199
on Friday, So you know there's forty five thousand bucks

737
00:39:40.239 --> 00:39:42.320
went away. Yeah.

738
00:39:42.360 --> 00:39:44.679
Well, you know, massive short interest on that thing.

739
00:39:44.840 --> 00:39:47.119
And you have to have you have to have very

740
00:39:48.199 --> 00:39:51.440
strong nerves to deal with these penny stocks like that.

741
00:39:52.280 --> 00:39:55.679
And this particular client really believed in the company. You

742
00:39:55.760 --> 00:39:58.440
knows the company. He thinks it's going to be a

743
00:39:58.480 --> 00:40:02.119
big deal. It's extreme only volatile. Uh. And again, we

744
00:40:02.159 --> 00:40:05.400
don't recommend any securities on this show because we don't

745
00:40:05.400 --> 00:40:08.119
know your investment objectives, we don't know your risk tolerance.

746
00:40:08.360 --> 00:40:10.519
So because we're talking about a stock does not mean

747
00:40:10.559 --> 00:40:13.280
we like it or dislike it. Doesn't mean you should

748
00:40:13.280 --> 00:40:13.960
buy or sell it.

749
00:40:14.079 --> 00:40:18.000
Talk about right, I mean Carvana another hundred my goodness,

750
00:40:18.039 --> 00:40:19.400
two almost.

751
00:40:19.119 --> 00:40:21.920
Like three dollars. Yeah, it almost all the way back

752
00:40:22.960 --> 00:40:23.559
over three hundred.

753
00:40:23.719 --> 00:40:25.840
Yeah, it almost went out of business, almost went out

754
00:40:25.840 --> 00:40:26.800
of business. It was crazy.

755
00:40:27.000 --> 00:40:29.079
Yeah, And so I mean as as much as We've

756
00:40:29.079 --> 00:40:32.039
seen a lot of these stocks have crazy runs. Vimeo

757
00:40:32.159 --> 00:40:34.960
was another one. They got taken private. Uh well, they

758
00:40:34.960 --> 00:40:36.840
were bought out in a service they were taking private,

759
00:40:36.880 --> 00:40:39.000
but their stocks ceased to exist and they were up

760
00:40:39.559 --> 00:40:42.320
about sixty percent one day as well. There seems to

761
00:40:42.320 --> 00:40:44.480
be a lot of mergers and acquisitions, David, and you've

762
00:40:44.519 --> 00:40:46.800
always talked about it. That's the sign of a healthy economy.

763
00:40:46.840 --> 00:40:49.800
As much as we might have stackflation, businesses are still

764
00:40:49.800 --> 00:40:52.679
buying a lot of things, and they're buying companies.

765
00:40:52.440 --> 00:40:55.000
And that's a great sign. You don't buy another company

766
00:40:55.000 --> 00:40:56.719
if you think the economy is going to roll over.

767
00:40:56.800 --> 00:40:59.000
For example, twenty twenty two, there wasn't a lot of

768
00:40:59.159 --> 00:41:02.639
m and as and acquisitionss for very Quiet, and there

769
00:41:02.719 --> 00:41:06.559
was for the big time players too, Morgan Stanley's Golden Sacks.

770
00:41:06.679 --> 00:41:08.239
They're saying that they just don't have a lot of

771
00:41:08.400 --> 00:41:11.480
activity in that sectors. So seeing a lot of it

772
00:41:11.599 --> 00:41:11.960
is good.

773
00:41:12.239 --> 00:41:14.760
I think the one thing I've learned over a decade

774
00:41:14.800 --> 00:41:19.079
of doing this is don't fight the tape market is

775
00:41:19.199 --> 00:41:23.639
just content just pushing higher, higher higher. Don't fight it.

776
00:41:23.800 --> 00:41:27.119
Don't try to short it, don't try to believe that

777
00:41:27.199 --> 00:41:30.000
you can call the top. The market wants to go

778
00:41:30.119 --> 00:41:32.639
higher here will it will there come a time when

779
00:41:32.679 --> 00:41:36.119
it stops, Yes, but nobody knows when that is. It's

780
00:41:36.199 --> 00:41:39.199
like I always use the analogies like catching a falling knife.

781
00:41:39.400 --> 00:41:41.599
You know, if you're successful, you look like a genius,

782
00:41:41.639 --> 00:41:44.239
but usually you get cut and pretty badly.

783
00:41:44.360 --> 00:41:47.079
It doesn't hurt you to have cash right now, especially

784
00:41:47.079 --> 00:41:49.079
if it's in a money market. Those money markers are

785
00:41:49.119 --> 00:41:51.480
still paying three four percent, so you can keep that

786
00:41:51.760 --> 00:41:55.039
cash on the side. But there's opportunities in individual stocks.

787
00:41:55.159 --> 00:41:57.000
It is kind of tough to buy the indsties right now.

788
00:41:57.039 --> 00:41:58.840
They keep hitting new all time highs. But like you said,

789
00:41:58.880 --> 00:42:01.039
when is it going to stop you up? So maybe

790
00:42:01.079 --> 00:42:02.159
just buy a little bit at a time.

791
00:42:02.360 --> 00:42:04.920
And how long have could we have said that Dylan

792
00:42:05.079 --> 00:42:09.679
on the s and since yeah, pretty much, but by

793
00:42:09.760 --> 00:42:11.039
now because it's all time high.

794
00:42:12.360 --> 00:42:15.559
Company since like June. Really we're talking about this on April.

795
00:42:15.599 --> 00:42:17.559
April of course obviously took well went down and then

796
00:42:17.559 --> 00:42:19.199
you're buying, buying it through May, and then once it

797
00:42:19.320 --> 00:42:21.440
got into June and kept going up, We're like, at

798
00:42:21.440 --> 00:42:22.800
one point, how much higher?

799
00:42:22.840 --> 00:42:24.559
And then it keeps going, It keeps going and that's

800
00:42:24.559 --> 00:42:25.480
why when we.

801
00:42:25.599 --> 00:42:28.360
Build our portfolios out for our clients, we have a

802
00:42:28.400 --> 00:42:30.599
model where we keep you invested in a portion of

803
00:42:30.599 --> 00:42:34.760
your portfolios usually invested into the markets, the broad markets

804
00:42:34.760 --> 00:42:36.679
in the US as a whole, because we don't know

805
00:42:36.719 --> 00:42:39.000
if the markets are going to just go off at

806
00:42:39.000 --> 00:42:41.519
one point and just go higher. So I mean, we

807
00:42:41.559 --> 00:42:43.559
have ideas, and we have our theories and everything, but

808
00:42:43.639 --> 00:42:46.239
still there could be reasons we don't think it should

809
00:42:46.239 --> 00:42:47.679
go higher, and it just keeps going higher because they

810
00:42:47.760 --> 00:42:49.920
just ignore the news and there's millions of people out

811
00:42:49.920 --> 00:42:50.480
there investing.

812
00:42:50.639 --> 00:42:53.480
So and with the current interest rate environment, what we

813
00:42:53.559 --> 00:42:55.719
understand is there is going to be lower rates coming up,

814
00:42:56.039 --> 00:42:58.960
and annuity companies are going to offer a little bit

815
00:42:59.519 --> 00:43:02.239
higher rate ate for maybe longer than they should, but

816
00:43:02.280 --> 00:43:04.239
those are going to come down. I got a call

817
00:43:04.280 --> 00:43:06.039
from one of the nudy people that I work with

818
00:43:06.360 --> 00:43:08.239
a lot, and he's saying, right now the rates are

819
00:43:08.239 --> 00:43:11.079
still pretty decent. One company actually still raise their income rates,

820
00:43:11.119 --> 00:43:14.360
but he knows that once the FED lowers, and you know,

821
00:43:14.400 --> 00:43:17.519
we have even more projections for lower rates, potentially those

822
00:43:17.559 --> 00:43:19.480
income rates are going to go down. The MIGA rates

823
00:43:19.519 --> 00:43:21.840
are going to go down. I know, Athene and other

824
00:43:21.880 --> 00:43:26.599
A rated insurance companies, nudy companies are still offering around

825
00:43:26.599 --> 00:43:29.079
five percent if you have over one hundred thousand. It's

826
00:43:29.079 --> 00:43:30.840
a little lower if you have under one hundred thousand.

827
00:43:30.920 --> 00:43:33.079
But you know, these are multi year guaranteed, the nudies

828
00:43:33.079 --> 00:43:35.320
for three, five, seven years that you can lock in

829
00:43:35.400 --> 00:43:37.440
really high rates. I mean, we were talking about a

830
00:43:37.519 --> 00:43:39.719
Dave how a year and a half ago. Someone locked

831
00:43:39.719 --> 00:43:43.760
in six percent for five years, you know, and that's really.

832
00:43:43.480 --> 00:43:45.440
I think it was fiction. Three eights actually, but I

833
00:43:45.480 --> 00:43:48.639
think that was the high and they hit nailed They

834
00:43:48.760 --> 00:43:49.880
nailed the high exactly.

835
00:43:50.079 --> 00:43:52.559
Yeah, So you just go and that five percent that

836
00:43:52.599 --> 00:43:54.599
we see now is probably not going to be here

837
00:43:55.000 --> 00:43:56.800
one year from now. It might be three point five

838
00:43:56.880 --> 00:43:57.159
or something.

839
00:43:57.320 --> 00:43:59.559
Yeah, And that goes for corp corporate bonds as well.

840
00:43:59.559 --> 00:44:01.360
We've bought corporate bonds for a lot of our clients,

841
00:44:01.360 --> 00:44:04.079
and those rates used to be and we buy right

842
00:44:04.119 --> 00:44:06.800
now we're buying one year to five year maturity dates,

843
00:44:06.960 --> 00:44:08.119
so they're a little shorter term.

844
00:44:08.199 --> 00:44:09.400
But what we used to see in.

845
00:44:09.400 --> 00:44:11.159
The last couple of years is five five and a

846
00:44:11.199 --> 00:44:14.320
half percent on those and their investment grade bonds now

847
00:44:14.320 --> 00:44:16.599
it's in the force and they're going down, and they're

848
00:44:16.599 --> 00:44:17.400
constantly going down.

849
00:44:17.639 --> 00:44:18.159
You're buying.

850
00:44:18.719 --> 00:44:21.199
It's hard to find good ones with the higher with

851
00:44:21.239 --> 00:44:23.280
one of the higher rates to sell at a discount.

852
00:44:23.280 --> 00:44:25.199
Most of them are selling over par right now.

853
00:44:25.440 --> 00:44:27.519
And I asked my guy for a little reference, just

854
00:44:27.559 --> 00:44:29.199
like for a sixty eight year old, how much could

855
00:44:29.199 --> 00:44:32.159
a single person get for income guaranteed for life. They're

856
00:44:32.159 --> 00:44:34.400
around eight percent still, you know what I mean. So

857
00:44:34.440 --> 00:44:36.960
it's a really high rate that you can get income.

858
00:44:37.199 --> 00:44:39.840
You know, obviously, if we have a sixty year old,

859
00:44:39.880 --> 00:44:41.239
we're not gonna be able to say that we can

860
00:44:41.280 --> 00:44:44.000
guarantee you eight percent withdraw rate further as long as

861
00:44:44.000 --> 00:44:44.320
you live.

862
00:44:44.559 --> 00:44:46.119
Yeah, it's just not possible.

863
00:44:46.199 --> 00:44:48.159
If you're thinking about annuities or you just think that

864
00:44:48.239 --> 00:44:49.599
might be something you want to look into, come give

865
00:44:49.639 --> 00:44:50.880
us a call and we can do the whole plan

866
00:44:50.960 --> 00:44:52.800
with you to see if it's even something you need.

867
00:44:53.159 --> 00:44:54.719
Because a lot of the time we see it's not

868
00:44:54.760 --> 00:44:56.960
something you need. You have more than enough to fund

869
00:44:57.000 --> 00:44:59.320
yourself and not lock up money. But if you like

870
00:44:59.360 --> 00:45:03.039
that word garantarantee and guaranteed income, we can't offer that.

871
00:45:03.360 --> 00:45:06.599
But a newity companies can't based off what they can offer.

872
00:45:06.679 --> 00:45:08.880
And I think another great example is Dave had someone

873
00:45:08.920 --> 00:45:11.400
that was going to get a pension regardless, but they

874
00:45:11.440 --> 00:45:13.880
also have the option for the lump sum. And sometimes

875
00:45:13.920 --> 00:45:15.880
the lump sum can be better because you can make

876
00:45:15.880 --> 00:45:18.119
your own pension, but it comes with a little more

877
00:45:18.119 --> 00:45:19.000
bells and whistles.

878
00:45:19.199 --> 00:45:22.199
This particular client was a really interesting story. She was widowed.

879
00:45:23.280 --> 00:45:29.519
She was offered from the husband's company a two thousand

880
00:45:29.760 --> 00:45:34.159
dollars a month payment for life with no death benefit.

881
00:45:34.880 --> 00:45:37.119
So in other words, she started getting in got let's

882
00:45:37.159 --> 00:45:39.039
say she got two checks and got hit by a car.

883
00:45:39.239 --> 00:45:42.639
It's gone. That's it, so no death benefit. All we

884
00:45:42.679 --> 00:45:46.679
were able to get her twenty one hundred dollars a

885
00:45:46.719 --> 00:45:50.239
month with a death benefit that slowly declined, but it

886
00:45:50.280 --> 00:45:53.039
was on there for ten years, so it gives her

887
00:45:53.079 --> 00:45:57.920
ten years of if something happens. And interestingly, she's in

888
00:45:57.960 --> 00:46:01.000
the hospital right now. I just talked career yesterday.

889
00:46:00.719 --> 00:46:03.320
But higher income though also as an.

890
00:46:02.920 --> 00:46:05.159
Oncologists, so that that's not a good I don't want

891
00:46:05.159 --> 00:46:10.280
to say on colleges, no, no, you know so, but anyway, regardless,

892
00:46:10.320 --> 00:46:13.239
if if she was healthy, you got ten years if

893
00:46:13.280 --> 00:46:16.000
something happened if you're going to have assets that you

894
00:46:16.039 --> 00:46:19.559
can pass to your errors, whereas in the other situation

895
00:46:19.719 --> 00:46:20.199
it's gone.

896
00:46:20.320 --> 00:46:22.039
Yeah, a lot of people don't understand that. The old

897
00:46:22.039 --> 00:46:25.400
annuitization where you give up your money and then you

898
00:46:25.440 --> 00:46:27.360
get a guaranteed check and you just never get your

899
00:46:27.360 --> 00:46:30.559
money back. That's that is a version of annuities. You know,

900
00:46:30.559 --> 00:46:32.920
it's a single premium income annuity and you can get

901
00:46:32.960 --> 00:46:35.280
the highest payout rate that way, But we're not talking

902
00:46:35.280 --> 00:46:38.199
about that with these are truly just you're gonna it's

903
00:46:38.239 --> 00:46:40.440
going to go against the principal value and eventually it's

904
00:46:40.440 --> 00:46:42.320
going to go to zero, but that takes about ten

905
00:46:42.360 --> 00:46:45.760
to thirteen years, depending on investment returns in the annuity itself.

906
00:46:45.800 --> 00:46:48.239
So there will be still a death benefit depending on

907
00:46:48.280 --> 00:46:50.760
when you pass away. And you can still if it's

908
00:46:50.800 --> 00:46:54.039
an IRA, get joint guaranteed payments, and even though it's

909
00:46:54.079 --> 00:46:56.559
an IRA, you can still get joint guaranteed for the spouse.

910
00:46:56.679 --> 00:46:59.079
Yeah, that's that's an interesting thing here because I had

911
00:46:59.079 --> 00:47:01.679
someone ask me that, and you does it apply to

912
00:47:01.880 --> 00:47:02.440
an IRA?

913
00:47:03.599 --> 00:47:05.199
Is that only for spouses?

914
00:47:05.480 --> 00:47:08.639
Only for a spouse? Yes, that's nice. So again, if

915
00:47:08.679 --> 00:47:11.920
you have a limited amount of funds, and limited is

916
00:47:11.960 --> 00:47:15.119
different in different people's books. Limited to some is one

917
00:47:15.119 --> 00:47:18.320
thousand dollars, limited to others as a million dollars. If

918
00:47:18.320 --> 00:47:20.519
you have a limited amount of money in your mind

919
00:47:20.559 --> 00:47:23.760
and need that money to give you the maximum return

920
00:47:23.800 --> 00:47:26.679
it can to support your lifestyle, this is one way

921
00:47:26.719 --> 00:47:28.880
to do it. We'll be back with the second half

922
00:47:28.920 --> 00:47:30.920
of the Money Matter Show again. We thank you for

923
00:47:30.960 --> 00:47:33.079
taking time out of your Sunday morning to join us.

924
00:47:33.119 --> 00:47:35.159
Football hadn't charged it, so you got nothing else to.

925
00:47:35.079 --> 00:47:37.719
Do, right, Welcome back to the second hour of the

926
00:47:37.760 --> 00:47:40.360
Money Matter Show. Thank you for tuning in. I'm Dylan Greenberg.

927
00:47:40.360 --> 00:47:44.159
I'm here with Todd Glick Junior, Sebastian Borsini, Day Sure

928
00:47:44.199 --> 00:47:46.960
with and Dean Greenberg. Thank you all every day every

929
00:47:46.960 --> 00:47:49.320
Sunday for tuning in. We couldn't do without you and

930
00:47:49.360 --> 00:47:50.880
those of you just tuning in. The Dow was up

931
00:47:50.880 --> 00:47:53.400
one percent last week, the SMP was up one point

932
00:47:53.480 --> 00:47:56.119
six percent, the Nasdaq was up two percent, the Russell

933
00:47:56.159 --> 00:47:58.360
two thousand was up point two percent, and the equal

934
00:47:58.400 --> 00:48:02.239
weighted SMP was up point three percent. Very concentrated in tech.

935
00:48:02.480 --> 00:48:04.199
Like we said in the first hour, Oracle went up

936
00:48:04.239 --> 00:48:06.559
thirty six percent of one day. It did drop down

937
00:48:06.599 --> 00:48:08.119
bit after that, but still up for the week. A

938
00:48:08.119 --> 00:48:11.199
lot of the MAGA or the mags ETF went up,

939
00:48:11.199 --> 00:48:15.159
which is Apple and Vidia, Meta, Google, all those. And

940
00:48:15.280 --> 00:48:18.840
also we had all time highs for the fifty two

941
00:48:18.840 --> 00:48:21.599
week I sorry for the Dow, NASZAC and SMP, and

942
00:48:21.679 --> 00:48:24.000
an all time high for the equal weighted SMP five hundred.

943
00:48:24.000 --> 00:48:26.880
So the markets just keep going higher in September, which

944
00:48:26.920 --> 00:48:29.920
is historically a down month, but like we were saying,

945
00:48:30.079 --> 00:48:32.320
it is being driven by the Fed right now, which

946
00:48:32.360 --> 00:48:34.920
are likely going to lower rates this week coming up.

947
00:48:35.159 --> 00:48:36.880
So we're going to see how that all goes and

948
00:48:37.039 --> 00:48:39.559
just keep navigating this market and see what goes on.

949
00:48:39.800 --> 00:48:42.960
A lot of these companies are talking about their guidance,

950
00:48:43.000 --> 00:48:44.760
not so much about what's happening now, what's happened in

951
00:48:44.800 --> 00:48:47.400
the past quarters, more about what's going in the future

952
00:48:47.760 --> 00:48:50.000
with the terrorists, how they're navigating the terraces, and how

953
00:48:50.000 --> 00:48:54.079
they're navigating building stuff on land on US soil, and

954
00:48:54.119 --> 00:48:56.119
how they are going through the technology.

955
00:48:56.519 --> 00:48:57.760
Generally pretty optimistic.

956
00:48:58.119 --> 00:49:01.199
They're optimistic. I mean, so this company called Nibeus Corp.

957
00:49:01.440 --> 00:49:04.039
They build the infrastructure, they build like warehouse is pretty

958
00:49:04.079 --> 00:49:07.159
much for these tech companies. They just inked the deal

959
00:49:07.199 --> 00:49:11.440
with Microsoft last week for eighteen billion dollars over like

960
00:49:11.480 --> 00:49:14.199
I think up to five years. That's more than their

961
00:49:14.199 --> 00:49:15.400
market cap right now.

962
00:49:15.880 --> 00:49:16.599
That big number.

963
00:49:16.800 --> 00:49:19.400
That is what's happening. And like that's like you were saying, Oracle,

964
00:49:19.440 --> 00:49:21.559
it's hard to fathom the five hundred billion dollars they're

965
00:49:21.559 --> 00:49:23.920
gonna they're expecting to get in the next few years

966
00:49:24.159 --> 00:49:26.519
over what they were talking about through their new cloud

967
00:49:26.559 --> 00:49:30.800
infrastructure deals. It is fathomable. It is believable because of

968
00:49:30.800 --> 00:49:32.800
all this money that's going into these tech companies.

969
00:49:32.800 --> 00:49:33.360
It's crazy.

970
00:49:33.519 --> 00:49:36.280
I mean, the need for GPU infrastructure is just getting

971
00:49:36.280 --> 00:49:38.559
more and more and more every single day. I mean

972
00:49:38.920 --> 00:49:41.079
that nebbeus is a perfect example of it. The stock

973
00:49:41.119 --> 00:49:43.239
was trading out probably under twenty dollars a share at

974
00:49:43.239 --> 00:49:45.920
the beginning of the year, announced that what ninety yeah, I.

975
00:49:45.840 --> 00:49:48.360
Mean, and last week alone it was at fifty sixty

976
00:49:48.360 --> 00:49:48.920
dollars a share.

977
00:49:49.000 --> 00:49:51.320
It's up where it hit one hundred yeah point.

978
00:49:51.519 --> 00:49:54.119
Another another one that piggybacked off of that was APLD.

979
00:49:54.239 --> 00:49:57.880
This week Applied Digital. They rose about twenty five percent.

980
00:49:58.000 --> 00:50:01.360
Same kind of a company. They provide the actual infrastructure

981
00:50:01.360 --> 00:50:04.599
of the warehouses within that space.

982
00:50:04.639 --> 00:50:06.519
And that's where we're finding more now too is a

983
00:50:06.519 --> 00:50:09.719
lot of people are looking into what else goes into

984
00:50:10.599 --> 00:50:13.800
companies like Nvidio, what else goes into All the Tech.

985
00:50:13.760 --> 00:50:16.800
Another semiconductor company that obviously with the AI and all

986
00:50:16.840 --> 00:50:19.840
this is a lab. They're up seventy six percent year

987
00:50:19.960 --> 00:50:22.440
to date and up eighteen percent in this last week.

988
00:50:22.760 --> 00:50:26.000
Continues to get a bid. I've watching this thing since

989
00:50:26.000 --> 00:50:28.440
one hundred and ten. That thing's going to double. Another

990
00:50:28.480 --> 00:50:30.360
one that's come down a lot that we were talking

991
00:50:30.360 --> 00:50:32.880
about earlier is Circle. It went all the way up

992
00:50:32.920 --> 00:50:34.880
to two twenty, came all the way back down to

993
00:50:34.920 --> 00:50:38.000
about one eleven, and then popped on on Thursday. And

994
00:50:38.079 --> 00:50:40.440
I'm not sure how it did on Friday, but another

995
00:50:40.519 --> 00:50:40.880
it just.

996
00:50:40.880 --> 00:50:43.119
I think came down like five percent from space from

997
00:50:43.159 --> 00:50:44.599
its twenty percent pop on Thursday.

998
00:50:44.679 --> 00:50:46.800
Similar to that as Core Weave right, if you think

999
00:50:46.840 --> 00:50:49.719
about how that popped very big after its IPO came

1000
00:50:49.760 --> 00:50:53.360
down and then again popped verily nicely this week as well.

1001
00:50:53.480 --> 00:50:55.960
And again Core we've hosted the GPUs a lot of

1002
00:50:56.039 --> 00:50:58.320
high flyers in this market, but we are in no

1003
00:50:58.360 --> 00:51:01.199
way given recommendations. The show's answered by the Greenberg Financial

1004
00:51:01.199 --> 00:51:03.719
Group and you can listen on seven ninety Canisty or iHeartRadio.

1005
00:51:03.800 --> 00:51:06.519
The show discusses different investment products and strategies, and every

1006
00:51:06.559 --> 00:51:09.639
product and strategy have some type of inherent risk associated

1007
00:51:09.719 --> 00:51:12.440
with them, and we strongly encourage our listeners to understand

1008
00:51:12.440 --> 00:51:14.840
the risks to determine whether to buy, sell, or hold.

1009
00:51:15.079 --> 00:51:15.719
Show has been on.

1010
00:51:15.679 --> 00:51:17.639
Air for over thirty years. The Greenberg Financial Group is

1011
00:51:17.679 --> 00:51:21.079
registered with the SEC. Visit our website at Greenberg financial

1012
00:51:21.119 --> 00:51:22.960
dot com for some more information. I think we have

1013
00:51:23.119 --> 00:51:25.960
maybe what five ten different five to ten more spots

1014
00:51:25.960 --> 00:51:27.039
where some and are coming up.

1015
00:51:27.079 --> 00:51:29.159
That's gonna be its about seven or eight more spots.

1016
00:51:29.159 --> 00:51:31.960
There's not many left, so definitely sign up for that.

1017
00:51:32.320 --> 00:51:33.920
It's going to be a great event where we're going

1018
00:51:34.000 --> 00:51:35.519
to be able to actually show you what a sample

1019
00:51:35.559 --> 00:51:38.519
financial plan is. But yeah, it's it's pretty full right now,

1020
00:51:38.599 --> 00:51:41.039
so we're gonna have another one each quarter. This is

1021
00:51:41.079 --> 00:51:43.760
going to be a quarterly thing, so definitely feel free

1022
00:51:43.840 --> 00:51:45.360
to sign up. You go to our website, it's going

1023
00:51:45.400 --> 00:51:46.000
to be right there.

1024
00:51:46.119 --> 00:51:50.079
Hey, Tesla, unbelievable, unbelievable.

1025
00:51:49.519 --> 00:51:50.480
Ev Garage time.

1026
00:51:50.800 --> 00:51:53.639
I mean, actually, let me and I will say this.

1027
00:51:54.800 --> 00:51:57.360
My lease is up in ten months and I'm going

1028
00:51:57.400 --> 00:51:59.559
to lease another electric because I love it to death?

1029
00:52:00.079 --> 00:52:00.920
Is he going to be the Tesla?

1030
00:52:00.960 --> 00:52:03.599
Though? You know, I wanted something different and I want

1031
00:52:03.639 --> 00:52:06.000
to I want to do something different. I wanted to

1032
00:52:06.039 --> 00:52:08.480
do the laning the Ford Mustang g T, which which

1033
00:52:08.519 --> 00:52:12.639
has better ratings actually than the Tesla on many METRICSU

1034
00:52:12.760 --> 00:52:15.800
he has ay has a cool one, you know. And

1035
00:52:16.400 --> 00:52:18.760
as I look around and as I kick the tires,

1036
00:52:19.360 --> 00:52:23.920
there just isn't another Tesla out there. I think it's

1037
00:52:23.920 --> 00:52:25.000
probably gonna be another Tesla.

1038
00:52:25.079 --> 00:52:26.559
So you are going to go back to testa I think.

1039
00:52:26.599 --> 00:52:28.599
So that's where I'm leaning. That's where I'm leaning right

1040
00:52:28.639 --> 00:52:31.880
now because I even though I will say the Ford

1041
00:52:32.119 --> 00:52:37.559
Mustang GT does rate better than the Tesla model why

1042
00:52:38.039 --> 00:52:43.199
in most tests modestly better, They're pretty competitive, but Ford

1043
00:52:43.280 --> 00:52:46.760
wins on almost every metric. I just don't see myself

1044
00:52:46.840 --> 00:52:49.079
driving a Ford. I just don't.

1045
00:52:49.559 --> 00:52:51.199
Well, you were going to do it before they had

1046
00:52:51.239 --> 00:52:51.840
the backlog?

1047
00:52:52.480 --> 00:52:54.760
I was, yeah, well I was that was gonna be

1048
00:52:54.840 --> 00:52:55.679
my first elect.

1049
00:52:55.440 --> 00:52:58.079
You gonna get? Are you going to get the cyber

1050
00:52:58.119 --> 00:52:58.559
truck next?

1051
00:52:58.599 --> 00:53:03.239
I don't think so. No on this Oh yeah, yeah,

1052
00:53:03.239 --> 00:53:06.400
they've redesigned it so it's different. You know, the Mag

1053
00:53:06.480 --> 00:53:09.880
seven stocks have been driving this market, The big seven

1054
00:53:10.000 --> 00:53:12.679
tech stocks have been driving. So I went in and

1055
00:53:12.800 --> 00:53:15.159
looked at the price earnings ratio of each one of

1056
00:53:15.199 --> 00:53:18.719
them to see how they stack up with the overall market,

1057
00:53:19.079 --> 00:53:21.840
the S and P five hundred price earnings ratio. And

1058
00:53:21.880 --> 00:53:24.960
again that's just one measure, but it's a pretty important one.

1059
00:53:25.280 --> 00:53:28.960
The S and P five hundred price earnings ratio right

1060
00:53:29.000 --> 00:53:37.440
now is thirty thirty. The historic norm sixteen thirty. Okay,

1061
00:53:37.480 --> 00:53:40.480
So here's the MAG seven from the cheapest to the

1062
00:53:40.519 --> 00:53:43.920
most expensive. The cheapest MAG seven stock, and I think

1063
00:53:43.920 --> 00:53:44.599
you could guess this.

1064
00:53:44.840 --> 00:53:45.840
I would think would be Google.

1065
00:53:45.920 --> 00:53:51.280
Yep, twenty four times earnings. Shockingly though, twenty four times

1066
00:53:51.320 --> 00:53:54.960
earning thirty is the market. It's cheaper than the market.

1067
00:53:55.039 --> 00:53:57.199
I mean, they were down to twenty before this big

1068
00:53:57.239 --> 00:53:59.239
pop that they just had. And that's what we were

1069
00:53:59.280 --> 00:54:02.280
just screaming about, like this company is other than yes,

1070
00:54:02.400 --> 00:54:04.880
you have this chrome thing and that finally got away

1071
00:54:04.880 --> 00:54:07.000
from it and then now that's just running away. It

1072
00:54:07.039 --> 00:54:09.559
should eventually, like you said, go back to the market

1073
00:54:09.599 --> 00:54:10.400
pe at least.

1074
00:54:10.320 --> 00:54:12.800
If it's illegal. Yeah, if the legal issues aren't fact

1075
00:54:12.880 --> 00:54:15.880
behind it, then it appears they are. It ought to

1076
00:54:15.920 --> 00:54:19.199
be catching up. But twenty four times earnings. Interestingly, the

1077
00:54:19.280 --> 00:54:22.079
second cheap stock I would not have come up with, Meta,

1078
00:54:23.280 --> 00:54:24.679
Meta is only twenty six.

1079
00:54:24.559 --> 00:54:26.360
Times earnings, bringing in a lot of money.

1080
00:54:26.480 --> 00:54:30.760
Yeah, and then Microsoft thirty two times earnings, Amazon thirty

1081
00:54:30.800 --> 00:54:36.760
four times earnings, in video thirty nine times earnings, Broadcom

1082
00:54:37.039 --> 00:54:38.639
fifty three times earning.

1083
00:54:38.639 --> 00:54:41.159
Well, broad COM's not MAG seven, you're.

1084
00:54:41.079 --> 00:54:43.559
Right, Well, I don't know what it's on this list. Huh,

1085
00:54:43.679 --> 00:54:45.000
it's not one of the mag sevens.

1086
00:54:45.039 --> 00:54:53.920
But I leave off Well, it's it's it's Microsoft, It's Meta, Microsoft, Amazon, Google, Tesla,

1087
00:54:54.840 --> 00:54:57.440
And then you say Apple Apple.

1088
00:54:57.480 --> 00:54:59.920
That's why I left off Apple. Yeah, what's apples Pee?

1089
00:55:01.519 --> 00:55:03.360
That's got to be like thirty two or something.

1090
00:55:03.960 --> 00:55:07.159
Look, anyway, I think the point is that this is

1091
00:55:07.239 --> 00:55:11.480
of the seven stocks that are driving this Marketty.

1092
00:55:10.880 --> 00:55:13.320
It's about thirty thirty thirty point four.

1093
00:55:13.199 --> 00:55:15.840
Okay, thirty point four, So the seven stocks are driving

1094
00:55:15.880 --> 00:55:19.000
this market. Google is the cheapest. How about Tesla two

1095
00:55:19.119 --> 00:55:20.039
hundred and twenty one?

1096
00:55:20.280 --> 00:55:22.719
Yeah, wow, it's just like in its class of its own.

1097
00:55:22.760 --> 00:55:24.440
It's just in a world of its own. It has

1098
00:55:24.480 --> 00:55:28.519
nothing to do with valuation. It has nothing to do

1099
00:55:28.559 --> 00:55:31.000
with car sales. I'm not even sure it has to

1100
00:55:31.199 --> 00:55:33.159
do with robotics. I don't know what it is.

1101
00:55:34.039 --> 00:55:35.440
Yeah, and I think that's how a lot of these

1102
00:55:35.480 --> 00:55:38.400
stocks get It's just Tesla is just the king of

1103
00:55:38.440 --> 00:55:39.119
those stocks.

1104
00:55:39.320 --> 00:55:40.400
It's in its own little world.

1105
00:55:40.519 --> 00:55:43.800
The amount of shares that has traded these shades more

1106
00:55:43.840 --> 00:55:46.920
than the S and P. It's not it's not valued

1107
00:55:47.079 --> 00:55:48.719
at the same level. I mean, it just doesn't make

1108
00:55:48.719 --> 00:55:50.760
any sense unless you just put over the layer that

1109
00:55:50.800 --> 00:55:53.320
it's used as a trading instrument and you're like, okay,

1110
00:55:53.360 --> 00:55:55.760
well that's why it's doing what it's doing. But it

1111
00:55:55.840 --> 00:55:59.280
was a big this week, I mean, thirteen percent. It's

1112
00:55:59.559 --> 00:56:02.320
it's game. It got seemingly breaking out of like a

1113
00:56:02.320 --> 00:56:05.679
triangle formation it was forming on the charts. So it's

1114
00:56:05.679 --> 00:56:07.960
gonna have see some resistance, but it looks like it's

1115
00:56:07.960 --> 00:56:10.440
going to try to go near it's all time high again.

1116
00:56:11.280 --> 00:56:13.400
At Dave, You and I ran into something this week

1117
00:56:13.440 --> 00:56:15.400
that it's typically not seen before.

1118
00:56:16.079 --> 00:56:21.440
Remember Ira, Yeah, RMDS. This is fascinating stuff. It doesn't

1119
00:56:21.480 --> 00:56:25.320
apply to hardly anybody, right, but it is fascinating stuff

1120
00:56:25.360 --> 00:56:26.400
and it might apply to you.

1121
00:56:26.519 --> 00:56:26.719
Yeah.

1122
00:56:26.760 --> 00:56:29.079
So most people have to take their armds at seventy

1123
00:56:29.079 --> 00:56:31.079
three years old, and the default rule says that the

1124
00:56:31.480 --> 00:56:34.519
IRS uses what's called the uniform lifetimetable, which assumes your

1125
00:56:34.559 --> 00:56:37.679
spouse is close to your age. There is a special exception, however,

1126
00:56:37.840 --> 00:56:39.840
if your spouse is more than ten years younger than

1127
00:56:39.840 --> 00:56:42.239
you and is your only beneficiary of the accounts, you

1128
00:56:42.280 --> 00:56:44.800
can use a different RMD factor on a different table,

1129
00:56:45.079 --> 00:56:48.480
the joint life expectancy table. Why this matters. This gives

1130
00:56:48.480 --> 00:56:51.960
you a bigger life expectancy factor and which makes your

1131
00:56:52.039 --> 00:56:55.159
RMD in turn lower. Right, So if you're if you

1132
00:56:55.159 --> 00:56:58.440
have a spouse that's under or ten years younger than you,

1133
00:56:58.679 --> 00:57:01.360
and you're taking your full armdmunce justnow that you could

1134
00:57:01.400 --> 00:57:04.000
take a smaller amounts. I'd be happy to calculate that

1135
00:57:04.039 --> 00:57:04.280
for you.

1136
00:57:04.320 --> 00:57:04.760
Give us a call.

1137
00:57:04.800 --> 00:57:07.079
It five two zero, five, four, four, four, nine or nine.

1138
00:57:08.960 --> 00:57:10.960
Not again, not a typical thing that we run into

1139
00:57:11.000 --> 00:57:13.760
every day, but we did run into it twice, not once, twice.

1140
00:57:13.840 --> 00:57:14.280
This week.

1141
00:57:14.360 --> 00:57:16.519
I have a client that I turned seventy three this

1142
00:57:16.639 --> 00:57:19.920
year and he's been very successful, and his required minimum

1143
00:57:19.960 --> 00:57:22.400
distribution is two hundred thousand dollars. He has to take

1144
00:57:22.440 --> 00:57:25.440
two hundred thousand dollars out of his retirement account. And

1145
00:57:25.679 --> 00:57:27.880
he said, what do I do? I said, to get divorced,

1146
00:57:28.760 --> 00:57:30.599
you need to marry somebody can here younger than you.

1147
00:57:31.079 --> 00:57:33.559
Yeah, yeah, tell tell Bill Belichick.

1148
00:57:33.599 --> 00:57:34.639
He needs to put a ring on it.

1149
00:57:35.679 --> 00:57:38.000
But I mean, at the end of the day, it's

1150
00:57:38.559 --> 00:57:39.840
what was the difference.

1151
00:57:42.800 --> 00:57:44.599
And obviously it's going to depend on it.

1152
00:57:44.599 --> 00:57:46.679
It's sixty percent of the dollar amount, and then you

1153
00:57:46.719 --> 00:57:49.559
take the tax number of that amount. So for most

1154
00:57:49.599 --> 00:57:52.199
people's rm ds, I mean you're talking pretty small amounts. Now,

1155
00:57:52.199 --> 00:57:54.320
if you have a two hundred thousand dollars MD, a

1156
00:57:54.360 --> 00:57:55.880
little bit different, very.

1157
00:57:55.719 --> 00:57:58.880
Different, very This particular guy that we were talking about,

1158
00:57:58.960 --> 00:58:01.239
his rm D was five one thousand. It went to

1159
00:58:01.360 --> 00:58:02.199
thirty two hundred.

1160
00:58:02.320 --> 00:58:04.880
But if one of your worries is this IRA gonna

1161
00:58:04.920 --> 00:58:08.199
last until you know my wife outlives me, Well, let's

1162
00:58:08.199 --> 00:58:09.239
start taking less money out of it.

1163
00:58:09.280 --> 00:58:10.119
I'm sure that's the point.

1164
00:58:10.239 --> 00:58:12.639
Yeah, that's the point. So it's kind of an interesting thing.

1165
00:58:12.679 --> 00:58:14.639
If your wife is ten years or more younger than

1166
00:58:14.719 --> 00:58:17.119
you and she's the beneficiar heavy.

1167
00:58:16.880 --> 00:58:20.000
Your ira and so on a percentage basis. Let's say

1168
00:58:20.119 --> 00:58:22.400
let's say that you're twelve years older than your spouse,

1169
00:58:22.639 --> 00:58:24.320
that percentage is going to be lower than if your

1170
00:58:24.320 --> 00:58:26.159
spouse was seventeen years.

1171
00:58:25.840 --> 00:58:26.400
Younger than you.

1172
00:58:26.800 --> 00:58:29.920
Right for that income to hire a texture, it'szing Marco recap.

1173
00:58:30.199 --> 00:58:33.719
The Chinese market was up four percent last week, European

1174
00:58:33.760 --> 00:58:36.800
market up one percent. Oil gained fifty cents on the

1175
00:58:36.800 --> 00:58:39.440
week to sixty two to fifty. Gold hit a record

1176
00:58:39.480 --> 00:58:42.719
high during the week of thirty six seventy closed up

1177
00:58:42.760 --> 00:58:45.280
thirty six dollars about gold, thirty six forty six.

1178
00:58:45.480 --> 00:58:47.920
It's amazing, I mean, isn't that incredible gold. That's what

1179
00:58:47.960 --> 00:58:50.039
I'm saying. I mean, that's just that number about gold.

1180
00:58:50.079 --> 00:58:52.440
I'm talking thirty gold. And you say how about gold?

1181
00:58:52.639 --> 00:58:55.119
After you said it, because I was, you know, he's

1182
00:58:55.159 --> 00:58:57.400
reiterating how about gold's performance.

1183
00:58:57.480 --> 00:59:01.119
Yeah, it's like, how about gold's performance? Exactly? You see

1184
00:59:01.119 --> 00:59:03.079
it because you can only go straight to oil after

1185
00:59:03.159 --> 00:59:04.280
I was just trying to cut you out before you

1186
00:59:04.280 --> 00:59:05.679
go to oil, because I wanted to talk about gold.

1187
00:59:05.760 --> 00:59:06.679
I was gonna go a bitcoin.

1188
00:59:06.719 --> 00:59:09.039
Actually, well, either way, I knew you're gonna go something

1189
00:59:09.079 --> 00:59:10.440
else that I wanted to oil before.

1190
00:59:10.480 --> 00:59:12.719
If you were my bad either.

1191
00:59:12.599 --> 00:59:14.320
Way, I just I wanted to talk about gold.

1192
00:59:14.440 --> 00:59:17.280
Okay, isn't that incredible? It's amazing and it keeps going

1193
00:59:17.320 --> 00:59:21.360
and we own none because there is really no good

1194
00:59:21.360 --> 00:59:21.960
way to own it.

1195
00:59:22.000 --> 00:59:25.239
Well, I bought a little bit of a GDX gold

1196
00:59:25.320 --> 00:59:29.280
gold gold miner. I've I've looked it up against the research.

1197
00:59:29.440 --> 00:59:31.880
Gold miners seemed to be very cheap relative to where

1198
00:59:31.920 --> 00:59:34.159
gold has been in the past, to valuations of.

1199
00:59:34.119 --> 00:59:36.360
Gold, relatives of the price of gold too.

1200
00:59:36.400 --> 00:59:39.360
The price of gold and they always are just definitely high.

1201
00:59:39.679 --> 00:59:42.119
But there's also times so they'll get too closer to

1202
00:59:42.159 --> 00:59:45.559
where they should be valued during hype cycles and that's

1203
00:59:45.559 --> 00:59:46.320
how anything works.

1204
00:59:46.360 --> 00:59:48.039
And then of course they get the g LD, which

1205
00:59:48.079 --> 00:59:50.239
is the gold ets just straight up down times and

1206
00:59:50.280 --> 00:59:54.039
measures sometimes doesn't. Sometimes I've seen days when gold was

1207
00:59:54.119 --> 00:59:55.119
up twenty bucks, it'd be.

1208
00:59:55.039 --> 00:59:55.760
Down and half a dollar.

1209
00:59:56.440 --> 00:59:58.800
What I haven't Yeah, I don't know. But what I

1210
00:59:58.840 --> 01:00:01.960
do know is i've I've had a position in gd

1211
01:00:02.320 --> 01:00:06.960
X and it's performed incredibly well over the last three months.

1212
01:00:07.000 --> 01:00:11.159
So I have trimmed back obviously some, but it was

1213
01:00:11.199 --> 01:00:13.360
a great way to play gold was GDX.

1214
01:00:15.320 --> 01:00:17.719
There were a number of I pos in that space

1215
01:00:18.079 --> 01:00:22.159
over the last week or so. Your thoughts on I'm

1216
01:00:22.400 --> 01:00:23.559
throwing your crumble here you have.

1217
01:00:23.760 --> 01:00:26.880
Yeah, I mean nothing to me that like gets me.

1218
01:00:26.960 --> 01:00:27.199
Really.

1219
01:00:27.199 --> 01:00:30.239
They had a client call Friday and ask if if

1220
01:00:30.280 --> 01:00:32.760
the latest the one that came today. I came Friday.

1221
01:00:32.800 --> 01:00:33.760
I can't think what it was.

1222
01:00:34.360 --> 01:00:35.360
It should be Gemini.

1223
01:00:35.679 --> 01:00:38.840
Yeah, Gemini. What are they doing this different?

1224
01:00:38.880 --> 01:00:41.440
He asked, Well, I do really like I use their

1225
01:00:41.440 --> 01:00:43.719
credit card for example, I have a credit card with

1226
01:00:43.840 --> 01:00:48.159
gem And. Yeah, so they have one to three percent

1227
01:00:48.280 --> 01:00:50.800
cash back on all your purchases, but instead of cash back,

1228
01:00:50.840 --> 01:00:54.239
it's bitcoin back, or you can also pick different cryptocurrencies

1229
01:00:54.280 --> 01:00:56.840
to get rewarded back. But I mean, I've accumulated about

1230
01:00:56.840 --> 01:00:59.800
three hundred bucks in bitcoin just by using the card,

1231
01:01:00.119 --> 01:01:02.559
you know, on purchase you it's basically the same asn't

1232
01:01:02.599 --> 01:01:04.840
you know emax, right, you get cash rewards.

1233
01:01:04.880 --> 01:01:07.159
It will get built up the end like a Coinbase

1234
01:01:07.199 --> 01:01:10.199
account with them or Gemini account exactly.

1235
01:01:10.519 --> 01:01:11.480
So that's what they're doing.

1236
01:01:11.800 --> 01:01:15.679
Yeah, and there's a couple other crypto exchanges, but they're

1237
01:01:15.719 --> 01:01:18.400
not quite public. I mean, I think Coinbase is trying

1238
01:01:18.440 --> 01:01:19.920
to get on. I think they actually they have one

1239
01:01:19.960 --> 01:01:22.400
at this point if I'm not mistaken. But Coinbase, I

1240
01:01:22.400 --> 01:01:24.000
believe in Gemini are the two that have this like

1241
01:01:24.079 --> 01:01:26.679
credit card thing that I think is definitely something different.

1242
01:01:28.119 --> 01:01:31.679
It's beneficial. Now staking is another thing. Who's gonna have

1243
01:01:31.719 --> 01:01:34.119
the best rewards on their staking that's going to drive

1244
01:01:34.159 --> 01:01:37.599
people to But I think eventually you're just talking. They

1245
01:01:37.960 --> 01:01:40.079
do not deserve very high growth rates. I mean, these

1246
01:01:40.079 --> 01:01:43.519
are essentially just bank banks with maybe a little bit

1247
01:01:43.599 --> 01:01:46.199
more growth, but I mean you should be looking at

1248
01:01:46.239 --> 01:01:48.440
a pe around what banks are. Maybe you can add

1249
01:01:48.480 --> 01:01:51.760
an extra multiple, but it should not. If it gets

1250
01:01:52.159 --> 01:01:54.159
over fifty, that's just crazy.

1251
01:01:54.239 --> 01:01:56.639
Nothing super proprietary about any of those companies. I mean

1252
01:01:56.679 --> 01:01:58.079
the only one that I could really think of a

1253
01:01:58.079 --> 01:02:01.400
CRCLI was a Circle, and that's because their own use USDC.

1254
01:02:01.599 --> 01:02:04.639
Yeah, but that's not even the most use stable coin.

1255
01:02:04.639 --> 01:02:07.239
It's with Teather. And then also once JP Morgan you

1256
01:02:07.239 --> 01:02:09.639
would think makes one they have they would probably So

1257
01:02:09.639 --> 01:02:12.440
there's a lot of like competition in these spaces. Think

1258
01:02:12.440 --> 01:02:14.880
of like Nasdak. You can buy the Nasdak stock exchange

1259
01:02:14.920 --> 01:02:17.760
right now. It's a company, it's it has its own

1260
01:02:17.760 --> 01:02:20.719
ticker on its on its right, right, But why did

1261
01:02:20.880 --> 01:02:22.840
no one ever just why aren't we all rushing to

1262
01:02:22.840 --> 01:02:23.440
buy Nasdaq?

1263
01:02:23.519 --> 01:02:23.639
Right?

1264
01:02:23.639 --> 01:02:25.320
It's not because if we all buy more, I mean

1265
01:02:25.320 --> 01:02:27.280
stocks at all time high, and you would think, okay,

1266
01:02:27.280 --> 01:02:29.760
well everyone's buying stocks. NASDAC should be killing it. They are,

1267
01:02:29.800 --> 01:02:32.239
but they're not killing it at like multiple rates like

1268
01:02:32.400 --> 01:02:35.280
Navidia is or these other companies that are truly growing

1269
01:02:35.440 --> 01:02:39.719
at insurmountable rates. Certain companies just you don't deserve a

1270
01:02:39.719 --> 01:02:41.519
certain growth rate because they can't.

1271
01:02:41.599 --> 01:02:44.480
I mean, it's a stock exchange. Yeah, it's a stock exchange.

1272
01:02:44.559 --> 01:02:47.280
It's a crypto like a stock exchange.

1273
01:02:46.960 --> 01:02:48.760
And that's what I crypto exchange is going to grow

1274
01:02:48.840 --> 01:02:51.679
the same way. They don't have any magic.

1275
01:02:51.679 --> 01:02:55.480
Now there's explosive growth that you with and video unless.

1276
01:02:55.119 --> 01:02:58.199
They do an FTX type of thing and they're you know,

1277
01:02:58.559 --> 01:03:01.519
or Robinhood, right. I think Robinhood an example that there.

1278
01:03:01.599 --> 01:03:04.400
I think way too way overvalued than what they're worth.

1279
01:03:04.440 --> 01:03:07.760
But they're doing cool things. But still they're doing things

1280
01:03:07.800 --> 01:03:09.920
that you're like, I don't know how this works long run.

1281
01:03:10.079 --> 01:03:12.480
Yeah, I was gonna bring that model wise, I was

1282
01:03:12.480 --> 01:03:14.280
going to bring that exact same thing up because you

1283
01:03:14.280 --> 01:03:16.199
were talking about the Gemini car that gives you bitcoin.

1284
01:03:16.280 --> 01:03:18.039
Robin has working on a credit card that you could

1285
01:03:18.039 --> 01:03:20.079
do the same thing but buy stocks instead. You could

1286
01:03:20.159 --> 01:03:22.199
choose to buy a QQQ spy and then video and

1287
01:03:22.239 --> 01:03:25.559
Apple whatever. Is it groundbreaking?

1288
01:03:25.679 --> 01:03:25.920
Sure?

1289
01:03:26.039 --> 01:03:28.400
Is it a round noo? But is it really going

1290
01:03:28.440 --> 01:03:30.360
to drive that much revenue into the company over a

1291
01:03:30.360 --> 01:03:31.320
long period of time?

1292
01:03:33.920 --> 01:03:35.480
I want to I want to comment a little bit

1293
01:03:35.519 --> 01:03:38.880
on Nvidia because it's been kind of so many people

1294
01:03:38.920 --> 01:03:41.280
are interested in the stock, so many people own the stock.

1295
01:03:42.079 --> 01:03:43.679
It's been kind of stuck in the mud. It had

1296
01:03:43.679 --> 01:03:46.039
a pretty good week this week, but it's been kind

1297
01:03:46.039 --> 01:03:49.199
of kind of stuck in the mud. And what's wrong

1298
01:03:49.239 --> 01:03:51.559
with Nvidia? I hear that quite a bit. And then

1299
01:03:51.920 --> 01:03:56.960
Broadcom came out with their earnings and very very strong

1300
01:03:57.320 --> 01:03:59.599
and everybody so, well, they're going to take business from

1301
01:03:59.639 --> 01:04:03.800
in Vida, which which to some extent may or may

1302
01:04:03.840 --> 01:04:07.079
not be true. But they're very different companies, right, and

1303
01:04:07.239 --> 01:04:11.480
Vidia is the dominant provider of merchant silicon okay, selling

1304
01:04:11.480 --> 01:04:17.039
the same advanced chips to various data center operators along

1305
01:04:17.079 --> 01:04:20.360
with the rich software presidence. That's what Nvidia does. Broadcom

1306
01:04:20.800 --> 01:04:25.639
is the leading purveyor of custom chips, utilized right now

1307
01:04:25.639 --> 01:04:29.199
by a small subset of tech companies like Google. They're

1308
01:04:29.199 --> 01:04:32.679
generally speaking or trying to get trying to get more

1309
01:04:32.760 --> 01:04:37.079
out of their own software. So it's different and videos

1310
01:04:37.960 --> 01:04:40.199
You've mentioned before, in Vidia as a platform is the

1311
01:04:40.440 --> 01:04:42.920
is the big winner for them, but their chips are

1312
01:04:43.400 --> 01:04:46.960
essentially the same. Here's their chips, you know, whereas Broadcom

1313
01:04:47.079 --> 01:04:51.880
is more of a custom chip builder for specific people

1314
01:04:51.920 --> 01:04:55.199
that want custom chips that may not be as good

1315
01:04:55.360 --> 01:05:01.119
as Nvidia, like cases, will fit your business better. Now,

1316
01:05:01.400 --> 01:05:05.159
sales that could have gone to Nvidia could ultimately flow

1317
01:05:05.239 --> 01:05:08.199
a Broadcom. Some sales could fold a Broadcom. Okay, I

1318
01:05:08.280 --> 01:05:13.159
get that, But they're they're just different. They're different companies.

1319
01:05:13.199 --> 01:05:16.840
And when you say Broadcom, it's gonna knock Nvidia off.

1320
01:05:17.239 --> 01:05:19.519
They're different. It's just it's not even in the same

1321
01:05:20.679 --> 01:05:23.719
an arena. Essentially, they're just in different businesses.

1322
01:05:24.360 --> 01:05:26.000
You know how much the tech industry has changed over

1323
01:05:26.000 --> 01:05:27.519
the last few years is that we didn't even we

1324
01:05:27.559 --> 01:05:30.800
haven't even talked about Apple yet because it's such a

1325
01:05:30.840 --> 01:05:33.239
non news mover. It dropped through and a half percent

1326
01:05:33.320 --> 01:05:37.239
last week as it announced it's new iPhones, it's new AirPods,

1327
01:05:37.239 --> 01:05:39.599
it's new Apple watches, it's new generation and stuff coming

1328
01:05:39.599 --> 01:05:39.960
out in.

1329
01:05:40.400 --> 01:05:42.360
Next couple of weeks. We haven't even mentioned it yet.

1330
01:05:42.400 --> 01:05:43.960
We have so many other tech companies and where that

1331
01:05:44.000 --> 01:05:46.679
industry is going. Apple seems to be falling behind because

1332
01:05:46.679 --> 01:05:49.159
it's not keeping up with the AI. It's coming out

1333
01:05:49.199 --> 01:05:51.360
with new phones. It's got the new model, which is

1334
01:05:51.360 --> 01:05:54.239
the seventeen Air, which is kind of like their MacBook Air,

1335
01:05:54.320 --> 01:05:56.320
the small one thinner they're kind of.

1336
01:05:56.360 --> 01:05:57.320
That's for one thousand dollars.

1337
01:05:57.400 --> 01:05:59.639
The other prices did an increase, except for one increase

1338
01:05:59.639 --> 01:06:00.840
one hundred dollars one of them.

1339
01:06:01.559 --> 01:06:03.679
I'll tell you what the AirPod is something that they

1340
01:06:03.679 --> 01:06:06.400
did really good with it is they have the language

1341
01:06:06.880 --> 01:06:10.199
capability where someone could be speaking the foreign language and

1342
01:06:10.199 --> 01:06:12.039
then it will read it back to you in your language,

1343
01:06:12.079 --> 01:06:15.480
I mean your all times what they're looking for, and

1344
01:06:15.480 --> 01:06:17.280
then you can say whatever you want back and then

1345
01:06:17.760 --> 01:06:19.559
you compare it with your phone. And so it's going

1346
01:06:19.639 --> 01:06:22.480
to change the game in terms of the app. The phone,

1347
01:06:22.599 --> 01:06:26.119
it's the it's the air pods, the headphones, the headphones,

1348
01:06:26.639 --> 01:06:30.519
you know, the AirPods. So those. I guess when you

1349
01:06:30.519 --> 01:06:32.519
talk to them, it will code it know what it

1350
01:06:32.800 --> 01:06:34.599
the other language saying, and then there'll be like a

1351
01:06:34.639 --> 01:06:37.239
little SII in your voice, going, this is what they're.

1352
01:06:37.320 --> 01:06:39.280
So you have to use their earbudget.

1353
01:06:40.400 --> 01:06:42.760
Correct, you have to buy the air pod. You have

1354
01:06:42.800 --> 01:06:44.119
to buy the air pods. It's not going to be

1355
01:06:44.159 --> 01:06:44.840
an app on your.

1356
01:06:44.719 --> 01:06:46.719
Phone, so it will be. But it's correct me if

1357
01:06:46.760 --> 01:06:48.320
I'm wrong, because I don't. I don't use them because

1358
01:06:48.320 --> 01:06:54.039
they don't stand my air the air the AirPod. The

1359
01:06:54.119 --> 01:06:58.559
Apple phone comes with headphones, right, I guess it doesn't.

1360
01:06:58.639 --> 01:06:59.239
It used to.

1361
01:06:59.440 --> 01:07:02.039
It doesn't anymore separately.

1362
01:07:02.159 --> 01:07:04.079
Oh okay, yeah, okay, it used to come.

1363
01:07:03.960 --> 01:07:06.480
With the wired headphones way back. But they don't think

1364
01:07:06.519 --> 01:07:09.920
they even do that anymore, don't but they used to. Yeah, yeah, No,

1365
01:07:10.000 --> 01:07:10.320
these are.

1366
01:07:10.280 --> 01:07:12.320
The brand new AirPods there, two hundred and fifty dollars

1367
01:07:12.679 --> 01:07:15.360
and they do the real time translation, which is what

1368
01:07:15.679 --> 01:07:18.039
people are excited about for those. But yeah, I mean,

1369
01:07:18.039 --> 01:07:21.599
nobody's really There's wasn't much energy behind the new iPhone

1370
01:07:21.639 --> 01:07:23.760
series coming out. They thought it'd be more about the

1371
01:07:23.760 --> 01:07:25.800
AI stuff and it just isn't because Apple is falling

1372
01:07:25.840 --> 01:07:26.679
behind on it.

1373
01:07:26.719 --> 01:07:29.360
Stock dropped three and a half percent, and as cool

1374
01:07:29.360 --> 01:07:30.039
as that is.

1375
01:07:29.960 --> 01:07:33.519
It's like, well, I mean in six months, probably the

1376
01:07:33.559 --> 01:07:35.880
bone phones that you know we sing with the glasses,

1377
01:07:35.880 --> 01:07:37.519
they're probably going to be able to do that.

1378
01:07:37.599 --> 01:07:39.440
Yeah, the tech is going so quick and Apple just

1379
01:07:39.440 --> 01:07:41.480
seems to be falling behind, which is like, it's interesting

1380
01:07:41.519 --> 01:07:43.159
because five years ago it was a company you never

1381
01:07:43.199 --> 01:07:44.800
thought would fall behind on any of this stuff. It

1382
01:07:44.840 --> 01:07:47.079
was at the cutting edge of everything, and then it

1383
01:07:47.239 --> 01:07:49.239
just shows how fast things can move.

1384
01:07:50.559 --> 01:07:52.440
It would be it would be something that would keep

1385
01:07:52.440 --> 01:07:54.599
you awake nights being the CEO of a tech company

1386
01:07:54.639 --> 01:07:55.800
with Tim Cook.

1387
01:07:55.599 --> 01:07:57.599
Is probably sitting there like what is going on. We

1388
01:07:57.639 --> 01:07:59.679
thought we were going to come out announce this new

1389
01:07:59.679 --> 01:08:04.800
stuff and nounce the AirPods. There's new health features on

1390
01:08:05.679 --> 01:08:08.440
the Apple Watch that people will get used out of,

1391
01:08:08.480 --> 01:08:09.519
but I think it's going to be a lot of

1392
01:08:09.519 --> 01:08:11.079
older people that get us out of it, or if

1393
01:08:11.119 --> 01:08:13.000
they want to stay in the Apple ecosystem, or now

1394
01:08:13.000 --> 01:08:14.880
you can go to a different you can kind of

1395
01:08:14.880 --> 01:08:15.800
mix and match better.

1396
01:08:15.840 --> 01:08:17.199
It used to be you've got to get all.

1397
01:08:17.039 --> 01:08:19.119
The Apple stuff to be in their ecosystem, and that's

1398
01:08:19.359 --> 01:08:21.439
what Apple had a stronghold on. Now it's not so

1399
01:08:21.520 --> 01:08:23.920
much because other companies are catching up and other companies

1400
01:08:23.960 --> 01:08:25.560
are surpassing them in other ways.

1401
01:08:25.920 --> 01:08:28.359
Yeah. Now I'm as an Apple consumer, I'm not really

1402
01:08:28.399 --> 01:08:31.119
that concerned about them keeping up with AI and stuff.

1403
01:08:31.119 --> 01:08:33.560
And yet, and yet I've talked on the show a

1404
01:08:33.640 --> 01:08:36.479
number of times about how she's driving me nets. Yeah,

1405
01:08:36.800 --> 01:08:37.920
it's almost worthless.

1406
01:08:37.960 --> 01:08:40.359
I think you, like, you have AI capabilities on your

1407
01:08:40.399 --> 01:08:42.640
phone because you use chag you bet on your phone

1408
01:08:42.760 --> 01:08:45.399
or Google Sure AI on your phone. If that wasn't

1409
01:08:45.439 --> 01:08:47.000
a thing and you could only get it on like

1410
01:08:47.039 --> 01:08:50.359
Google Ai phone, you'd maybe you consider switching.

1411
01:08:50.039 --> 01:08:52.359
Right, I might. You know, I'm so used to pushing

1412
01:08:52.399 --> 01:08:56.000
the button asking a question and the responses I get

1413
01:08:56.000 --> 01:08:59.520
are so ridiculous that I don't even try anymore.

1414
01:08:59.520 --> 01:09:03.079
You would think Apple is gonna use that huge stockpile

1415
01:09:03.159 --> 01:09:06.079
of cash pretty soon to start trying to buy these

1416
01:09:06.079 --> 01:09:07.399
people to come back over to them.

1417
01:09:07.600 --> 01:09:10.479
I mean, metap throughout a lot of money to entice

1418
01:09:10.520 --> 01:09:11.159
people to get over.

1419
01:09:11.800 --> 01:09:12.000
Yep.

1420
01:09:12.119 --> 01:09:14.359
So Apple, I bet they're going to start doing that

1421
01:09:14.439 --> 01:09:15.319
and just throw money.

1422
01:09:16.840 --> 01:09:20.119
Yeah really, well, I do have a very helpful for him. Yeah,

1423
01:09:20.279 --> 01:09:23.239
for fifteen dollars million dollars in cash.

1424
01:09:24.520 --> 01:09:27.359
So I have the new iPhone that has the AI capabilities.

1425
01:09:28.479 --> 01:09:33.920
I think it's like fifteen or sixteen. Yeah, so the

1426
01:09:34.000 --> 01:09:35.600
first one because like you hold this, it has a

1427
01:09:35.640 --> 01:09:37.960
weird bottom one here and you hold it and then

1428
01:09:37.960 --> 01:09:40.960
your screen will go here and you can you can

1429
01:09:41.000 --> 01:09:44.079
do like search and all kinds of different stuff. You

1430
01:09:44.079 --> 01:09:46.079
can take a picture, and you have AI built into

1431
01:09:46.079 --> 01:09:48.279
your phone. And when you when I asked Siria on

1432
01:09:48.319 --> 01:09:50.760
my phone, it does this colorful thing and then it

1433
01:09:50.800 --> 01:09:52.840
will actually it asked you do you want Siria to

1434
01:09:52.880 --> 01:09:54.840
answer it? Do you want chat gy BT to answer it?

1435
01:09:56.439 --> 01:09:58.800
And it's cool right until you're like, yeah, we have

1436
01:09:58.880 --> 01:10:00.760
chatty t answer it, and and then it just takes

1437
01:10:01.039 --> 01:10:03.399
way too long or it sends you to chat to

1438
01:10:03.479 --> 01:10:05.920
BT do you want me to answer? And it's it's

1439
01:10:05.920 --> 01:10:07.680
not as good as it should be. It should be easily,

1440
01:10:07.720 --> 01:10:10.920
like you said, I answer like hey Siri, and then

1441
01:10:11.039 --> 01:10:12.880
it just answers me as the chat.

1442
01:10:13.199 --> 01:10:17.279
My relationship with chat gpt started off very rocky, and

1443
01:10:17.319 --> 01:10:20.279
then we slowly became friends. And then you guys told

1444
01:10:20.279 --> 01:10:22.000
me that if I go there too many times, just

1445
01:10:22.000 --> 01:10:24.760
gonna ask me to pay. You start paying, Yet we're

1446
01:10:24.800 --> 01:10:27.640
not friends anymore.

1447
01:10:29.880 --> 01:10:31.800
Perplexity, you have to have chat so you can well

1448
01:10:31.840 --> 01:10:34.520
all all Google and yeah, you know how they're all

1449
01:10:34.560 --> 01:10:35.399
worked the same way.

1450
01:10:35.640 --> 01:10:38.880
They give you the worst model, and that's what's free.

1451
01:10:38.920 --> 01:10:40.720
If you want the best model, you have to pay.

1452
01:10:40.880 --> 01:10:43.159
And then you still with any model, you'll have a

1453
01:10:43.199 --> 01:10:47.680
certain number of uploads. So like if you upload too

1454
01:10:47.720 --> 01:10:50.199
many things, you will get paid. You only have a

1455
01:10:50.199 --> 01:10:52.399
certain number of each one of these quarries each time.

1456
01:10:52.640 --> 01:10:55.920
So Google A I don't think Google is going to

1457
01:10:55.960 --> 01:10:56.399
make me pay.

1458
01:10:56.479 --> 01:10:58.520
If you just had simple questions, It's never going to

1459
01:10:58.560 --> 01:11:01.279
ask you to pay. But if you kept uploading, like hey,

1460
01:11:01.479 --> 01:11:04.399
what does this say in French? This English document or

1461
01:11:04.439 --> 01:11:06.960
something whatever it is, they only give you a certain

1462
01:11:07.000 --> 01:11:08.159
number of uploads each month.

1463
01:11:08.359 --> 01:11:11.439
I'm a proud I'm a South Dakota boy, a proud

1464
01:11:11.479 --> 01:11:15.359
graduate of Black Hill State College. I only have simple questions,

1465
01:11:15.720 --> 01:11:20.520
that's it, right, Nothing complex goes through my mind. Ever, Hey,

1466
01:11:20.560 --> 01:11:23.279
you know it's interesting. We got the Fed's going to

1467
01:11:23.359 --> 01:11:26.119
lower interest rates next week for sure, I mean one

1468
01:11:26.159 --> 01:11:28.920
hundred percent probability, right, And yet what happened to long

1469
01:11:29.039 --> 01:11:30.680
rates this week? They went up a short race, They

1470
01:11:30.680 --> 01:11:33.319
went up short race went up. The two year treasury

1471
01:11:33.359 --> 01:11:35.279
went from a three five two to three five six.

1472
01:11:35.560 --> 01:11:37.199
Yeah, I mean we already had a I mean it's

1473
01:11:37.199 --> 01:11:39.479
at four point twenty five, right, so I mean for

1474
01:11:39.800 --> 01:11:40.359
four or six?

1475
01:11:40.520 --> 01:11:41.760
Oh you mean at the high.

1476
01:11:41.600 --> 01:11:44.079
Well, the Fed funds rate it's at four point twenty five.

1477
01:11:44.119 --> 01:11:47.199
So lowering of twenty five is four on the on

1478
01:11:47.239 --> 01:11:49.119
the you know, so it's not they're already pricing in

1479
01:11:49.159 --> 01:11:51.119
two more rate cuts for another year.

1480
01:11:51.199 --> 01:11:52.920
Yeah, we should make a big difference in race when

1481
01:11:52.960 --> 01:11:55.239
they actually announced it. We'll be back with the next

1482
01:11:55.279 --> 01:11:58.600
segment after this message. Thank you, Welcome back to the

1483
01:11:58.640 --> 01:12:00.680
Money Matter Show. Just to Dave sure what I'm here

1484
01:12:00.680 --> 01:12:03.560
with Todd Googog Jr. I'm here with Dyllan Greenberg Senior.

1485
01:12:03.800 --> 01:12:07.079
I'm Dave Sherwood Senior. We have Sebastian Boorshini senior for

1486
01:12:09.000 --> 01:12:09.960
one house.

1487
01:12:10.000 --> 01:12:11.760
You can't be senior unless you have a junior.

1488
01:12:11.840 --> 01:12:13.039
Oh is that it? Is it a rule?

1489
01:12:13.279 --> 01:12:15.239
Yes? O? Yeah, definitely a rule.

1490
01:12:15.520 --> 01:12:17.279
Yeah, you keep moving a goalpost on me.

1491
01:12:17.600 --> 01:12:18.880
No, you just David Sherwood.

1492
01:12:19.479 --> 01:12:20.760
Hey, we got a lot of going on in the

1493
01:12:20.800 --> 01:12:25.000
IPO market last week. Yes, Klarna, we had figure technology

1494
01:12:25.039 --> 01:12:27.800
and we had Gemini, which Gemini just bought up that

1495
01:12:27.920 --> 01:12:31.079
new credit card where you can get your rewards in crypto.

1496
01:12:31.760 --> 01:12:34.720
They raised four under twenty five million dollars. They iPod

1497
01:12:34.760 --> 01:12:37.159
at roughly thirty dollars and when they actually started trading

1498
01:12:37.319 --> 01:12:38.720
it was at about forty one dollars.

1499
01:12:38.880 --> 01:12:40.319
The IPO market is hot.

1500
01:12:40.640 --> 01:12:44.560
You got Figure Technologies iPod at twenty five dollars, started

1501
01:12:44.560 --> 01:12:47.279
trading at thirty five dollars, ended the day on Thursday

1502
01:12:47.279 --> 01:12:50.239
at about thirty two dollars. And then Klarna, which is

1503
01:12:50.279 --> 01:12:52.680
the inno sense like buy now, pay later one that

1504
01:12:52.760 --> 01:12:54.800
you work with with zero i APR and all that

1505
01:12:55.319 --> 01:12:57.520
they iPod as well. I think that was the biggest

1506
01:12:57.520 --> 01:13:00.640
company that iPod. Last week an interesting one too that

1507
01:13:00.760 --> 01:13:03.119
talked about reviving their I p O plans with stub

1508
01:13:03.159 --> 01:13:07.199
Hub Holdings, which everybody knows stub Hub take Master's competitor.

1509
01:13:07.960 --> 01:13:09.960
So and then you got black Rock Coffee, which we

1510
01:13:10.039 --> 01:13:10.960
got a few of those in town.

1511
01:13:11.600 --> 01:13:14.960
We do, and every time I drive by one there nobody.

1512
01:13:14.600 --> 01:13:17.960
There, I swear, I think the same thing.

1513
01:13:18.119 --> 01:13:19.880
Yeah, do you think the coffee is good?

1514
01:13:20.039 --> 01:13:22.880
I've never been Yeah, yeah, I do drive.

1515
01:13:22.760 --> 01:13:24.920
By the one on Grant a lot a lot, think

1516
01:13:25.399 --> 01:13:27.479
a couple of times a day, and there's never anybody

1517
01:13:27.479 --> 01:13:27.800
in there.

1518
01:13:27.960 --> 01:13:31.000
So there's one on Grant and first there's one down

1519
01:13:31.039 --> 01:13:34.960
on Broadway, and like pass just passed twos on Igh

1520
01:13:35.479 --> 01:13:38.319
and there's never they're never two packed. But I do

1521
01:13:38.439 --> 01:13:40.159
like the coffee better than Starbucks.

1522
01:13:40.399 --> 01:13:42.479
Stock pop pretty good on Friday, right.

1523
01:13:42.439 --> 01:13:45.079
Yeah, it went, Yeah, I went public. I don't know

1524
01:13:45.119 --> 01:13:47.079
exactly how much. It just was looking at the IPOs.

1525
01:13:47.119 --> 01:13:49.520
But what do you think about Clarna? I mean, Clarna

1526
01:13:49.560 --> 01:13:53.560
is a very interesting company. It's a sign of our society.

1527
01:13:53.640 --> 01:13:55.199
I hate their ads, but you were telling me a

1528
01:13:55.239 --> 01:13:55.880
lot more about it.

1529
01:13:55.920 --> 01:13:57.239
I kind of didn't give it the time of day

1530
01:13:57.279 --> 01:14:00.199
because the ads I saw on Facebook and all was saying, oh,

1531
01:14:00.239 --> 01:14:02.800
I don't got I don't sorry, I don't have enough

1532
01:14:02.800 --> 01:14:04.239
money for the bar on Friday night.

1533
01:14:04.920 --> 01:14:06.960
Hey thanks Klarna, I got two hundred dollars. Let's go.

1534
01:14:06.960 --> 01:14:09.119
And they're dancing on the add later.

1535
01:14:09.359 --> 01:14:11.720
Yeah, but like that's the only ads I saw about Klarna,

1536
01:14:11.800 --> 01:14:14.880
and this was the last throughout this year. Actually was

1537
01:14:15.000 --> 01:14:17.960
just talking about frivously spending money that you don't have. Well,

1538
01:14:18.039 --> 01:14:19.960
Clarno will lend it to you, but then you were

1539
01:14:20.000 --> 01:14:22.560
telling me more about it on this past week, and

1540
01:14:22.600 --> 01:14:24.079
it made more sense about the company.

1541
01:14:24.119 --> 01:14:26.079
I just didn't give it the time of day.

1542
01:14:26.159 --> 01:14:28.399
Yeah, I mean, I think what it ultimately comes down

1543
01:14:28.439 --> 01:14:30.319
to is whether you can make the cash flow. And

1544
01:14:30.359 --> 01:14:33.319
if you're gonna give me a zero percent interest for

1545
01:14:33.479 --> 01:14:36.359
six weeks and I can pay it over six weeks,

1546
01:14:36.399 --> 01:14:38.359
just me the financial guy who is gonna take that.

1547
01:14:38.520 --> 01:14:41.800
Is that every purchase pretty much.

1548
01:14:42.319 --> 01:14:44.239
So what Colarna does is when I got a big

1549
01:14:44.279 --> 01:14:46.199
ticket item right that I purchased and I could have

1550
01:14:46.239 --> 01:14:48.840
paid cash for it easily, but it said Clara, So

1551
01:14:48.840 --> 01:14:50.560
I just wanted to look at it. And Clara said, hey,

1552
01:14:50.560 --> 01:14:52.600
we'll give you zero percent interest loan if you paid

1553
01:14:52.600 --> 01:14:55.079
over six weeks. It's automatically built out of your account

1554
01:14:55.359 --> 01:14:58.399
every other week. Or you can do this like two

1555
01:14:58.439 --> 01:15:00.079
percent interest loan and you can pay it over for

1556
01:15:00.239 --> 01:15:02.760
twelve weeks. Or you can get four percent interest loan

1557
01:15:02.920 --> 01:15:04.960
and you can do it over like three months, four months.

1558
01:15:05.319 --> 01:15:07.000
Do it to the other options.

1559
01:15:06.600 --> 01:15:08.159
Test it out, or why'd you do it if you

1560
01:15:08.199 --> 01:15:09.000
have the cash?

1561
01:15:09.079 --> 01:15:11.000
It was about I thought bitcoin is gonna go up,

1562
01:15:11.079 --> 01:15:12.800
you know, so I'd rather my money be in bitcoin.

1563
01:15:12.920 --> 01:15:15.039
Take that you know, arbatroge, sell it and then be

1564
01:15:15.079 --> 01:15:15.600
fine with it.

1565
01:15:15.680 --> 01:15:16.680
I got a lot going on here.

1566
01:15:16.960 --> 01:15:19.279
Yeah, it's a lot of Yeah, it's just but when

1567
01:15:19.279 --> 01:15:22.000
it comes down to like four or some people, it's like,

1568
01:15:22.319 --> 01:15:26.119
you know, they it's better to spend over time. Now, realistically,

1569
01:15:26.159 --> 01:15:27.920
in the long run, it's a terrible thing for most

1570
01:15:27.920 --> 01:15:30.439
people to do that because they'll just build and build

1571
01:15:30.479 --> 01:15:32.039
and building, and eventually they won't have the cash.

1572
01:15:32.399 --> 01:15:33.560
Another way to pile on credit.

1573
01:15:33.680 --> 01:15:35.880
Yeah, No, the good thing is it is zero percent. Now,

1574
01:15:35.920 --> 01:15:38.800
don't take it to this account that it's not gonna

1575
01:15:38.800 --> 01:15:40.880
just it's still going to add to your credit report.

1576
01:15:41.039 --> 01:15:43.760
So when I did it, it's still added a Klarna

1577
01:15:43.840 --> 01:15:47.199
credit card to your credit report. So you'll have that

1578
01:15:47.279 --> 01:15:50.000
open for Klarna always. Probably just use the same one

1579
01:15:50.000 --> 01:15:51.159
if you use it again, But.

1580
01:15:51.319 --> 01:15:53.680
It could be it could be used in good if

1581
01:15:53.680 --> 01:15:55.680
like say something happens mid month and you haven't got

1582
01:15:55.680 --> 01:15:57.680
that mid month check yet and you're just you need

1583
01:15:57.720 --> 01:15:59.720
something zero p your art which you get paid next week,

1584
01:15:59.720 --> 01:16:01.199
and you need to now say your AC when now

1585
01:16:01.239 --> 01:16:02.600
you need it, and then you can pay.

1586
01:16:02.479 --> 01:16:04.920
It off next week. That could be used for the good. Yeah,

1587
01:16:05.039 --> 01:16:07.359
get the medians like it's that was my money, I

1588
01:16:07.359 --> 01:16:08.199
want to now kind of thing.

1589
01:16:08.319 --> 01:16:11.079
I mean, obviously, if you're buying something you don't need

1590
01:16:11.279 --> 01:16:16.720
with on a really interest rate, that's a terrible recipe, seems.

1591
01:16:16.720 --> 01:16:18.159
I don't use it to go to the bar like

1592
01:16:18.199 --> 01:16:18.840
their ads say.

1593
01:16:18.960 --> 01:16:21.359
But I do think if you have the money you have,

1594
01:16:21.640 --> 01:16:23.840
you already have what you you already know what you want,

1595
01:16:24.000 --> 01:16:26.239
and you can get zero percent and it just helps

1596
01:16:26.279 --> 01:16:28.840
cash flow. There's no reason, there's no.

1597
01:16:29.000 --> 01:16:31.319
Like, it's so funny to see this buy now pay

1598
01:16:31.359 --> 01:16:33.920
later comes screaming back. Because the firm was one of

1599
01:16:33.960 --> 01:16:35.800
the first, if not the first, to come out with

1600
01:16:35.840 --> 01:16:39.199
that stock was red hot, and it absolutely fell apart.

1601
01:16:39.880 --> 01:16:42.479
People's credit was not what they did, the payback was

1602
01:16:42.520 --> 01:16:46.479
not as timely as the It just turned into a nightmare.

1603
01:16:46.520 --> 01:16:48.279
Maybe they had to fail first so then people could

1604
01:16:48.359 --> 01:16:49.399
understand what it really is.

1605
01:16:49.520 --> 01:16:51.439
Maybe not, I don't know, but now it's all back,

1606
01:16:51.520 --> 01:16:53.319
isn't it? In a car? And I think the big

1607
01:16:53.359 --> 01:16:56.680
thing for Klarna is that I think it's Walmart uses Karna,

1608
01:16:57.840 --> 01:17:00.840
so that that's probably the biggest thing going for them.

1609
01:17:00.880 --> 01:17:03.960
A couple of dovestocks that news Boeing was the top

1610
01:17:04.000 --> 01:17:06.960
performing dovestock at the end of August, but this lost

1611
01:17:06.960 --> 01:17:10.279
seven percent this month after the CEO announced the delivery

1612
01:17:10.279 --> 01:17:13.720
of that much anticipated seven seven seven X, which is

1613
01:17:13.760 --> 01:17:17.239
the long range, wide bodied plane schedules for next year,

1614
01:17:17.359 --> 01:17:22.119
is behind schedule due to regulatory concerns, so that stock

1615
01:17:22.199 --> 01:17:25.239
is not only not the top performing dovestock. I did

1616
01:17:25.279 --> 01:17:27.640
a quick glance of Friday afternoon. I think it's number

1617
01:17:27.640 --> 01:17:32.600
five or six on the list and another one. United Healthcare,

1618
01:17:32.640 --> 01:17:36.880
which is the worst performing dovestock rallied thirty percent in

1619
01:17:36.880 --> 01:17:40.520
the last five weeks, added another nine percent on Tuesday

1620
01:17:40.920 --> 01:17:43.560
on news that it expects most of its Medicare Advantage

1621
01:17:43.600 --> 01:17:46.720
members to be in highly rated plans and you get

1622
01:17:46.720 --> 01:17:51.119
a bonus if you're in a highly rated plant. In Arizona.

1623
01:17:51.239 --> 01:17:55.640
United Healthcare our plans are four, Medicare Advantage plans are four,

1624
01:17:56.520 --> 01:18:00.920
four and five are highly rated Arizona Qualified. Preliminary data

1625
01:18:00.960 --> 01:18:03.920
shows about seventy eight percent of members of United Healthcare

1626
01:18:04.199 --> 01:18:06.560
are going to be in plans of at least four stars,

1627
01:18:07.079 --> 01:18:11.159
so that it means more payment from the government. It's

1628
01:18:11.199 --> 01:18:14.239
amazing the comeback the stock has made. It went from

1629
01:18:14.359 --> 01:18:19.319
six hundred ish around six hundred to two fifty announced

1630
01:18:19.359 --> 01:18:22.119
back to three fifty. That's quite a little rally, but

1631
01:18:22.159 --> 01:18:24.800
again that's more that's more of the on the dowstocks.

1632
01:18:24.800 --> 01:18:27.319
If you've got the top performing Dove stock, you might

1633
01:18:27.359 --> 01:18:29.319
want to lighten up, you know, if you've got that

1634
01:18:29.479 --> 01:18:34.119
underperforming dowstock, you might want to add a little to it. Right.

1635
01:18:34.199 --> 01:18:37.319
Yeah, So we always like, you know, try to stay

1636
01:18:37.319 --> 01:18:39.760
on the cutting edge of what's the new ETFs out there,

1637
01:18:40.000 --> 01:18:42.680
what are some new ideas. And one ETF that we

1638
01:18:42.720 --> 01:18:45.039
saw this week that was very interesting was the Global

1639
01:18:45.479 --> 01:18:50.000
X Defense Tech ETF. You know, defense has had some

1640
01:18:50.119 --> 01:18:52.159
defense companies had a really good year. Some defense companies

1641
01:18:52.159 --> 01:18:55.239
has kind of just been not interesting, like Lockey Bar

1642
01:18:55.359 --> 01:18:58.000
and they're like, well, you should be doing good. Boeing's

1643
01:18:58.039 --> 01:18:59.239
kind of had a pretty good year, up.

1644
01:18:59.199 --> 01:19:02.479
Thirty percent for the right good year eight year.

1645
01:19:02.800 --> 01:19:05.000
I mean another company though, right we talked about and

1646
01:19:05.159 --> 01:19:07.159
is defense and we kind of don't think about always

1647
01:19:07.159 --> 01:19:11.880
this Defense Palanteer. Yep, right, great year as well. You're

1648
01:19:11.920 --> 01:19:16.439
gonna have General Dynamics, You're gonna have North of Growman

1649
01:19:16.880 --> 01:19:21.239
in their lotos, L three Harris based Systems. All those

1650
01:19:21.279 --> 01:19:24.600
companies are in this one ETF that's s HLD. And

1651
01:19:24.720 --> 01:19:27.039
let me ask you, Dave and ETF, what do you

1652
01:19:27.079 --> 01:19:31.119
think is up year today that ETF? Yeah, year today,

1653
01:19:31.199 --> 01:19:32.840
I gave you the top ten home have they been

1654
01:19:32.880 --> 01:19:33.600
around all year?

1655
01:19:33.840 --> 01:19:34.680
Yes? All year.

1656
01:19:38.520 --> 01:19:41.239
Twenty seventy year today.

1657
01:19:41.520 --> 01:19:42.199
That's amazing.

1658
01:19:42.359 --> 01:19:46.319
Yeah, the ETF is absolutely Is it those companies or

1659
01:19:46.399 --> 01:19:49.840
is it it's those like palants here racing those companies? Yes,

1660
01:19:50.079 --> 01:19:53.600
all those defense tech related companies, L three, Harris, Lotos

1661
01:19:53.680 --> 01:19:57.880
based Systems, they just have had an incredible run over

1662
01:19:57.960 --> 01:20:00.319
these last several months. A lot of it has to

1663
01:20:00.319 --> 01:20:03.119
do with the refeeling of all those missiles that Israel

1664
01:20:03.159 --> 01:20:05.359
shot off, right, A lot of those companies have some

1665
01:20:05.479 --> 01:20:08.600
type of supply you know, they're in some type of

1666
01:20:08.600 --> 01:20:11.520
the supply chain of the refeeling of the Iron Dome.

1667
01:20:11.720 --> 01:20:14.760
We know potentially we're gonna have the Golden Dome. We

1668
01:20:15.000 --> 01:20:18.279
also not necessarily know what's going on with Ukraine and Russia,

1669
01:20:18.479 --> 01:20:21.039
or we also have this weird bombing in Qatar, right,

1670
01:20:21.279 --> 01:20:23.720
so there's definitely always going to be defense now we

1671
01:20:24.000 --> 01:20:27.439
are we going to be doing something here soon? Who knows?

1672
01:20:27.640 --> 01:20:30.319
But other all you gotta know is look at that

1673
01:20:30.479 --> 01:20:34.000
Defense Tech, ETF and ETF right, And it has been

1674
01:20:34.039 --> 01:20:37.199
around for almost over a year now, right, it's been around,

1675
01:20:37.199 --> 01:20:39.239
definitely for the whole year of twenty five seventy.

1676
01:20:40.079 --> 01:20:41.960
I was taking the other day the one country that

1677
01:20:42.039 --> 01:20:45.720
has not been in the news at all is Iran.

1678
01:20:46.920 --> 01:20:52.399
What what happened there? That's a joke anyway, That's one

1679
01:20:52.439 --> 01:20:54.920
of the Yeah, the one I got. One of the

1680
01:20:54.960 --> 01:20:57.479
things that that that that Trump has done this good.

1681
01:20:57.479 --> 01:21:00.960
If you pardon me, if you don't think you do anything. Hey,

1682
01:21:01.439 --> 01:21:03.600
when we have the inflation report, I always want when

1683
01:21:03.640 --> 01:21:05.840
we have that, I always like to take a glance

1684
01:21:05.840 --> 01:21:09.560
at it, see if there's anything that's exciting. Roasted coffee

1685
01:21:09.880 --> 01:21:12.359
up twenty two percent, Now, that's your every year, and

1686
01:21:12.399 --> 01:21:15.039
I think a lot that's the terrorists right on Brazil.

1687
01:21:14.800 --> 01:21:16.800
Yeah, I mean the coffee beans if you look at

1688
01:21:16.840 --> 01:21:18.880
the futures, Yeah, I.

1689
01:21:18.800 --> 01:21:20.399
Mean coffee beans aren't only from Brazil.

1690
01:21:20.399 --> 01:21:23.399
They're from Columbia, Panama, Ethiopia.

1691
01:21:23.880 --> 01:21:26.119
You know what the percentages from Brazil, I would think

1692
01:21:26.119 --> 01:21:28.279
it would be anyway. And Colombian beans are the most

1693
01:21:28.279 --> 01:21:32.600
combi Columbia coffee. You hear a lot about Columbia coffee. Ye,

1694
01:21:32.720 --> 01:21:35.760
So that was Number two is uncooked beef, so that

1695
01:21:35.800 --> 01:21:38.439
would be We've been hearing a lot from Texas Roadhouse

1696
01:21:39.079 --> 01:21:42.960
complaining about their financial results because of rising beef prices.

1697
01:21:43.039 --> 01:21:45.399
Yeah, live cattle future.

1698
01:21:45.600 --> 01:21:49.720
Although I will say there was a technician on CNBC

1699
01:21:50.159 --> 01:21:53.239
on Tuesday who said it had peaked. It looks it

1700
01:21:53.319 --> 01:21:54.079
had rolled over.

1701
01:21:54.399 --> 01:21:55.039
It looked like it.

1702
01:21:55.119 --> 01:22:00.159
I hope, so hope it rolled over. Number three motor

1703
01:22:00.199 --> 01:22:04.960
vehicle repair. We know why fifteen percent the parts are

1704
01:22:06.039 --> 01:22:11.520
difficult to come by. There's tariffs involved. Labor is difficult

1705
01:22:11.520 --> 01:22:13.760
in that area. Finding people that can do that work,

1706
01:22:13.840 --> 01:22:16.439
that want to do that work. The one way to

1707
01:22:17.119 --> 01:22:20.079
get them is to pay them more. So that's why

1708
01:22:20.119 --> 01:22:25.359
it costs so motor and then the fourth audio equipment whatever.

1709
01:22:25.439 --> 01:22:27.880
I don't know any about that. In college textbooks and

1710
01:22:28.439 --> 01:22:32.680
college chechbooks, and I was thinking, I actually google that,

1711
01:22:32.720 --> 01:22:35.800
why would college textbooks be up so much? And the

1712
01:22:35.880 --> 01:22:39.079
answer is because they can. Yeah, that's exactly what it is.

1713
01:22:39.520 --> 01:22:43.600
Captive audience. People have to have them right. I would

1714
01:22:43.600 --> 01:22:46.119
have thought now that everything would be on the iPad,

1715
01:22:46.279 --> 01:22:48.199
so I wouldn't think you'd need a textbook.

1716
01:22:48.399 --> 01:22:51.239
They still charge you sixty five bucks for the digital.

1717
01:22:50.960 --> 01:22:54.720
Version or the digital version is that it's ridiculous.

1718
01:22:54.720 --> 01:22:58.079
Something that caught my eye that's probably going to mean

1719
01:22:58.119 --> 01:23:02.520
nothing to you. Kodak, Remember Kodak still down nine percent

1720
01:23:02.560 --> 01:23:04.800
for the year, but forty percent off of is low.

1721
01:23:05.039 --> 01:23:10.000
They've introduced Kodak Charmer c h A R M E RI.

1722
01:23:10.199 --> 01:23:13.359
I'm not sure I'm pronouncing right. Charmera or Tromera, which

1723
01:23:13.439 --> 01:23:16.560
is a cheap palm sized camera in a box that

1724
01:23:16.680 --> 01:23:19.039
hearkens back to the eighties. We had these in the eighties,

1725
01:23:19.479 --> 01:23:21.560
the camera in a box, right, you take the pictures,

1726
01:23:21.600 --> 01:23:24.479
need to have the box to the developer. It's being

1727
01:23:24.520 --> 01:23:27.640
promoted as a fashion accessory. It comes in seven different

1728
01:23:27.680 --> 01:23:30.720
styles sales. For thirty bucks, you don't know what you're

1729
01:23:30.720 --> 01:23:32.439
gonna get. It comes in a blind box, so you

1730
01:23:32.439 --> 01:23:34.800
don't know which of the seven styles you're going to get.

1731
01:23:35.239 --> 01:23:37.119
For one hundred and eighty bucks, you can buy all seven.

1732
01:23:38.520 --> 01:23:42.560
Right now, Nostalgia is big. I was hearing this Moining

1733
01:23:42.600 --> 01:23:45.000
on the way in on the radio about certain products

1734
01:23:45.039 --> 01:23:47.720
that are being brought back, the things that we had

1735
01:23:47.880 --> 01:23:50.800
when I was young that are coming back, and the

1736
01:23:50.960 --> 01:23:54.479
nostalgia is is kind of where it's at and Kodak's

1737
01:23:54.520 --> 01:23:58.600
capitalizing on that nostalgia by bringing back a camera. And

1738
01:23:58.640 --> 01:24:01.680
I think that if if you googled the Kodak the

1739
01:24:02.159 --> 01:24:05.279
HR any of you over the age of fifty, you're

1740
01:24:05.319 --> 01:24:07.399
gonna say, oh, yeah, I know that camera. You know

1741
01:24:07.439 --> 01:24:10.720
I had that camera. We use those cameras. Anyway. We'll

1742
01:24:10.760 --> 01:24:13.039
be back with the final segment of The Money Matter Show.

1743
01:24:13.159 --> 01:24:15.000
Thanks again for taking time out of your day to

1744
01:24:15.039 --> 01:24:16.680
listen to us. We enjoy being here with you.

1745
01:24:16.880 --> 01:24:19.279
Welcome back to The Moneymatter Show. My name is Todd Glick.

1746
01:24:19.359 --> 01:24:23.039
I'm here with Dylan Greenberg, David Sherwood, and Sebastian Borssini.

1747
01:24:23.319 --> 01:24:25.720
We had bitcoin move higher this week. It was up

1748
01:24:25.760 --> 01:24:28.319
about five percent on the week. It's at one hundred

1749
01:24:28.319 --> 01:24:32.680
and sixteen thousand dollars now. Definitely had its run down

1750
01:24:32.760 --> 01:24:34.600
near to the lowe hundreds. I thought it was going

1751
01:24:34.680 --> 01:24:36.800
to get all the way down to one hundred. It

1752
01:24:36.880 --> 01:24:38.800
seems like a bottom out around want to wait, but

1753
01:24:39.840 --> 01:24:41.640
bounce back all the way to one sixteen. I still

1754
01:24:41.680 --> 01:24:43.199
kind of have the idea that it might run up

1755
01:24:43.239 --> 01:24:45.439
to one seventeen, one eighteen and then truly come back

1756
01:24:45.439 --> 01:24:48.439
down to ninety eight. For some reason, I still believe

1757
01:24:48.479 --> 01:24:51.039
September is going to be. At some point in September,

1758
01:24:51.079 --> 01:24:53.680
there's going to be maybe a five percent pullback in

1759
01:24:53.720 --> 01:24:56.239
the market, which would also bring a pullback in the

1760
01:24:56.600 --> 01:24:59.039
bitcoin at least ten percent because it's more of volatile.

1761
01:24:59.199 --> 01:25:02.800
So I expect some point after maybe the FED meeting,

1762
01:25:02.920 --> 01:25:08.239
having that be potentially a sell the the event, right,

1763
01:25:08.319 --> 01:25:11.760
so you have buy the rumor sell the event. We

1764
01:25:11.880 --> 01:25:14.600
all know Fed's gonna lower rates. Still seems like half

1765
01:25:14.640 --> 01:25:17.039
the market. I think something's gonna happen when they lower rates,

1766
01:25:17.039 --> 01:25:19.840
like it's already priced in, right, so very well could

1767
01:25:19.840 --> 01:25:22.279
be that the day of the pow comes out, he

1768
01:25:22.399 --> 01:25:26.119
says something that's not super dubbish and that leads to

1769
01:25:26.319 --> 01:25:28.119
a little bit of a pullback after that.

1770
01:25:28.520 --> 01:25:32.039
Every market metric that you can come up with is

1771
01:25:32.439 --> 01:25:37.079
shouting pullback. Every market metric. Uh. There it is just

1772
01:25:37.199 --> 01:25:40.439
so easy. It is, so you buy any stock and

1773
01:25:40.479 --> 01:25:43.079
it goes up, right, It's just it's just too easy.

1774
01:25:43.439 --> 01:25:43.560
Uh.

1775
01:25:43.720 --> 01:25:47.439
The price earnings racial is double normal, the VIX is

1776
01:25:47.479 --> 01:25:51.079
that the low for the year. Uh, the fear index,

1777
01:25:51.600 --> 01:25:57.520
everything is shouting pullback. Now. We're not concerned about a

1778
01:25:57.520 --> 01:26:00.439
big drop or a crash, but we'd like, actually, a

1779
01:26:00.479 --> 01:26:04.399
five percent pullback would probably be healthy to get some

1780
01:26:04.560 --> 01:26:07.119
of the froth out of the market because.

1781
01:26:06.920 --> 01:26:08.760
And that's going to make some big pullbacks and any

1782
01:26:08.800 --> 01:26:11.000
other stocks right like when we say high bit of

1783
01:26:11.079 --> 01:26:13.079
the stocks that move twice as much as the market

1784
01:26:13.800 --> 01:26:15.720
and the Navidia would pull back probably ten percent. If

1785
01:26:15.720 --> 01:26:17.960
the market pulls back five it seem like you're going

1786
01:26:18.039 --> 01:26:21.039
to have the bigger moves, which actually gives you a

1787
01:26:21.039 --> 01:26:24.119
great opportunity absolutly, and some of these great quality names

1788
01:26:24.199 --> 01:26:25.880
because they do move so much right now.

1789
01:26:26.039 --> 01:26:27.600
I think it was Dylan and said, it's a good

1790
01:26:27.640 --> 01:26:29.039
to have some cash right now, and I agree with

1791
01:26:29.079 --> 01:26:32.760
one hundred percent. Don't have them, don't get out of

1792
01:26:32.800 --> 01:26:35.439
the market, because this thing just keeps going right and

1793
01:26:35.520 --> 01:26:38.119
it may go right through September, right through October and

1794
01:26:38.199 --> 01:26:40.279
right on into the end of the year. And I mean,

1795
01:26:40.279 --> 01:26:43.239
there's a lot of things to be optimistic about, but

1796
01:26:43.399 --> 01:26:45.920
if you look under the covers, there's some things that

1797
01:26:45.960 --> 01:26:48.840
are not that great going on as well. And inflation

1798
01:26:49.000 --> 01:26:51.840
is my biggest concern. I think it's going to become

1799
01:26:51.840 --> 01:26:55.720
a problem. I don't know how soon, but it has

1800
01:26:55.840 --> 01:26:58.439
risen nearly every month for the last six months.

1801
01:26:58.520 --> 01:27:02.000
You know, Dave, those feeds are very driving the car.

1802
01:27:02.119 --> 01:27:04.159
But looking in the room of your mirror, they won't

1803
01:27:04.159 --> 01:27:06.199
probably worry about inflation, like you said, until it is

1804
01:27:06.239 --> 01:27:09.239
a problem. Right now. They think the labor is the problem.

1805
01:27:09.319 --> 01:27:11.079
Right so if they have the lower rates to make

1806
01:27:11.199 --> 01:27:13.640
labor correct again, if you have, if you literally the

1807
01:27:13.680 --> 01:27:15.920
unemployment rate, it has kind of ticked back higher.

1808
01:27:15.960 --> 01:27:16.159
Now.

1809
01:27:16.439 --> 01:27:18.000
We were so low for a while that we didn't

1810
01:27:18.000 --> 01:27:20.000
really even look at it, but it's back into the

1811
01:27:20.039 --> 01:27:23.319
low fours. I don't think that makes everyone feel super comfortable.

1812
01:27:23.319 --> 01:27:25.720
And like you said, with that revision, the FED is

1813
01:27:25.920 --> 01:27:28.439
banging its heads on that labor report as more of

1814
01:27:28.439 --> 01:27:30.800
the meat on the bones. So I think as long

1815
01:27:30.840 --> 01:27:33.600
as that continues, we potentially will get something like a

1816
01:27:33.640 --> 01:27:36.960
five point five mortgage rate I'm looking at in sometime

1817
01:27:37.000 --> 01:27:39.359
in twenty six. I think that's best case. I don't

1818
01:27:39.359 --> 01:27:41.760
think we get much lower than that worst case, maybe

1819
01:27:41.800 --> 01:27:44.399
six percent. But I think right now the mortgage rates

1820
01:27:44.399 --> 01:27:47.520
six point three to five largest weekly dropping over a year,

1821
01:27:47.560 --> 01:27:51.399
almost two years low rate in almost two years, you're

1822
01:27:51.439 --> 01:27:54.159
getting it back down, and for some good buyers you're

1823
01:27:54.159 --> 01:27:55.760
gonna get almost to the high fives.

1824
01:27:55.840 --> 01:27:57.520
Right, You'll talk to a friend of mine and he said,

1825
01:27:57.520 --> 01:28:00.680
it doesn't make any difference yet. Uh, he's in the

1826
01:28:00.680 --> 01:28:03.000
mortgage business. He said, I could ask him. I said, thanks,

1827
01:28:03.039 --> 01:28:03.479
picking up.

1828
01:28:03.479 --> 01:28:06.359
He goes, not yet, Yeah, he said, we need I

1829
01:28:06.359 --> 01:28:07.960
mean I did, I mean I was. I was golfing

1830
01:28:07.960 --> 01:28:10.000
with a mortgage. He had his own branch as well

1831
01:28:10.000 --> 01:28:11.840
today and he was saying, it's not quite you know,

1832
01:28:11.880 --> 01:28:14.560
we're still doing TikTok videos to try to sell mortgages. Right,

1833
01:28:14.600 --> 01:28:16.880
but once you get it to a five to five,

1834
01:28:16.920 --> 01:28:19.880
I think that at that time would entice people to

1835
01:28:19.920 --> 01:28:21.880
start looking at well, I have a six point seventy five,

1836
01:28:21.920 --> 01:28:24.880
maybe a five point five that refives that, you know,

1837
01:28:24.960 --> 01:28:27.239
delta is worth to look at, right, and that's where

1838
01:28:27.279 --> 01:28:29.760
you start looking at refinances, and that would, you know,

1839
01:28:29.840 --> 01:28:32.039
make the refinance market, the mortgage market, but also just

1840
01:28:32.079 --> 01:28:35.520
the whole housing market. You know, I was at Southern

1841
01:28:35.520 --> 01:28:39.119
Arizona home Builders tournament and you see all the different

1842
01:28:39.319 --> 01:28:41.880
little pieces of an industry. Right, it's not just the

1843
01:28:41.920 --> 01:28:46.039
home builders, it's the contractors. It's not just contractors, every

1844
01:28:46.079 --> 01:28:47.600
little big piece of it and.

1845
01:28:47.560 --> 01:28:48.960
Companies and the whole thing.

1846
01:28:49.079 --> 01:28:51.840
When the one industry. When the big you know pop

1847
01:28:52.680 --> 01:28:55.680
the hells the houses aren't selling, the whole industry will

1848
01:28:55.680 --> 01:28:57.880
slow down. Every little piece of it, you know, will shrink,

1849
01:28:58.159 --> 01:29:00.640
and we're kind of I think coming out the other

1850
01:29:00.760 --> 01:29:02.840
end of it for that industry that will really help

1851
01:29:02.880 --> 01:29:05.439
the economy push even higher. We still have a housing

1852
01:29:05.479 --> 01:29:08.520
shortage in the country. I mean we talk about it

1853
01:29:08.560 --> 01:29:11.079
every now and then every six months, someone will say

1854
01:29:11.079 --> 01:29:13.079
it on the on the news, say we have a

1855
01:29:13.119 --> 01:29:16.159
housing crisis, and it's like it's still there. Right, we

1856
01:29:16.239 --> 01:29:18.159
know there is not enough houses out there for the

1857
01:29:18.159 --> 01:29:20.399
amount of people we have in here. That's why everyone's

1858
01:29:20.399 --> 01:29:23.439
forced to renting. Part of that is the system, right,

1859
01:29:23.479 --> 01:29:26.079
we need to make qualifying for a home a little easier.

1860
01:29:26.640 --> 01:29:30.000
It seems like the qualifying standards at certain times makes

1861
01:29:30.039 --> 01:29:32.039
it impossible, so then they have to co sign with

1862
01:29:32.079 --> 01:29:34.800
their parents or you know, pay off another car loan.

1863
01:29:35.359 --> 01:29:38.279
Even for high income burners, it's sometimes really hard to

1864
01:29:38.319 --> 01:29:41.640
try to qualify into their system because of the sonantigans

1865
01:29:41.680 --> 01:29:43.760
that happened in two thousand and eight. So you don't

1866
01:29:43.800 --> 01:29:47.760
want to relax it too much, right, miss paid so right,

1867
01:29:47.800 --> 01:29:50.880
so now everyone gets punished, but it does slow down

1868
01:29:51.039 --> 01:29:52.479
that business.

1869
01:29:52.840 --> 01:29:55.840
It doesn't it does. Yeah, I speaking of that business

1870
01:29:55.960 --> 01:29:59.560
uh our ah, which is restoration hardware. There's a luxury

1871
01:29:59.560 --> 01:30:03.800
for your retailer. Already down forty percent this year, open lower.

1872
01:30:03.800 --> 01:30:06.960
On Friday they lowered their annual revenue outlook for the

1873
01:30:06.960 --> 01:30:10.760
rest of the year. It was interesting because their competitor,

1874
01:30:10.960 --> 01:30:14.920
Williams Sonoma, who owns pottery barn, they're stocking up ten

1875
01:30:14.960 --> 01:30:18.079
percent for the year with Irish down forty percent. That

1876
01:30:18.880 --> 01:30:22.319
that difference is so dramatic. So I called a friend

1877
01:30:22.359 --> 01:30:24.640
of mine who was in that industry and said, you know,

1878
01:30:24.720 --> 01:30:28.000
these stocks normally move in tandem. What's going on? And

1879
01:30:28.039 --> 01:30:33.079
this friend said, the Irish prices are dramatically higher than

1880
01:30:33.119 --> 01:30:38.199
pottery barn, and equally important, shipping is nearly double. Not

1881
01:30:38.279 --> 01:30:40.199
if you know this, but when you buy custom I

1882
01:30:40.239 --> 01:30:43.159
didn't know this. When you buy custom furniture, you have

1883
01:30:43.239 --> 01:30:45.880
to pay to have it shipped. You have to pay,

1884
01:30:46.079 --> 01:30:50.399
they don't pay. You're paying twenty nine hundred dollars for

1885
01:30:50.439 --> 01:30:54.199
a new chair. You have to then pay an extra

1886
01:30:54.239 --> 01:30:56.640
four hundred dollars to have it delivered. I did not

1887
01:30:56.760 --> 01:30:57.640
realize that.

1888
01:30:57.920 --> 01:31:00.479
I feel like some furniture pieces too, are probably so unique,

1889
01:31:00.520 --> 01:31:02.479
like how you get in an door. Yeah, they probably

1890
01:31:02.479 --> 01:31:05.079
have some special like I have to go through a

1891
01:31:05.119 --> 01:31:07.840
window or something like that. With some of these pieces,

1892
01:31:07.840 --> 01:31:08.800
I'm sure they make.

1893
01:31:08.960 --> 01:31:10.560
Oh I'm sure some of it can be can be

1894
01:31:10.560 --> 01:31:12.960
a nightmare. But I didn't realize that that you had

1895
01:31:13.039 --> 01:31:14.720
to pay for delivery. I know that now.

1896
01:31:14.880 --> 01:31:16.439
Is it kind of like a sports car. You buy

1897
01:31:16.439 --> 01:31:18.000
one of the sports car, you probably have to pay

1898
01:31:18.000 --> 01:31:21.039
for the delivery, the trailer that brings it to all

1899
01:31:21.079 --> 01:31:22.359
the little nuances.

1900
01:31:22.399 --> 01:31:25.479
Anyway, that's apparently this very standard stuff and everybody's supposed.

1901
01:31:25.119 --> 01:31:25.439
To know that.

1902
01:31:25.479 --> 01:31:28.640
But I didn't know that. But you know, ken View,

1903
01:31:28.720 --> 01:31:30.920
that's the consumer product spin off from Jay and J

1904
01:31:31.119 --> 01:31:34.279
drop ten percent to a new all time low last

1905
01:31:34.279 --> 01:31:38.960
week after o RFK released that report tying tile and

1906
01:31:39.039 --> 01:31:44.920
all use in pregnant women to autism. True or not true,

1907
01:31:45.279 --> 01:31:48.439
you decide, right, But RFK Junior put that out and

1908
01:31:48.479 --> 01:31:51.520
that caused us dock to drop ten percent. On Monday,

1909
01:31:51.520 --> 01:31:54.560
Bank of America raised it to a buy, saying that

1910
01:31:54.680 --> 01:31:56.119
this is a great entry point.

1911
01:31:56.279 --> 01:31:58.840
I saw that Trump on Friday said that he's most

1912
01:31:58.920 --> 01:32:01.600
likely going to link twenty deaths of children to the

1913
01:32:01.600 --> 01:32:05.359
COVID vaccine, which is a very interesting thing if he

1914
01:32:05.399 --> 01:32:08.560
does do that, because is their culpability right now says

1915
01:32:08.560 --> 01:32:11.640
that people who make vaccines cannot have culpability if someone

1916
01:32:11.720 --> 01:32:13.840
has death to kind of get immune from all that thing.

1917
01:32:13.880 --> 01:32:17.359
But very interesting that Trump administration is looking into the

1918
01:32:17.399 --> 01:32:20.640
deaths of COVID deaths of people that have taken the

1919
01:32:20.680 --> 01:32:23.119
COVID vaccines, especially in the young people. If you looked

1920
01:32:23.119 --> 01:32:26.319
at the amount of health i mean heart injuries that

1921
01:32:26.399 --> 01:32:29.840
have spiked in especially athletes and young people under the

1922
01:32:29.880 --> 01:32:33.000
age of thirty, it's very interesting that it all happens

1923
01:32:33.039 --> 01:32:34.800
after people start taking the vaccine.

1924
01:32:34.880 --> 01:32:37.039
Here's the other interesting part about that. How do you

1925
01:32:37.439 --> 01:32:42.239
do that when you're the one that orchestrated the vaccine? Right? Well,

1926
01:32:42.279 --> 01:32:44.600
did just what Trump's vaccine did? You don't forget what

1927
01:32:44.600 --> 01:32:47.279
was Trump's constructed it. He was a scientist, he fast

1928
01:32:47.359 --> 01:32:50.359
tracked it. So are you saying he's going after the pharmacy.

1929
01:32:50.439 --> 01:32:53.359
Well, still the Johnson and Johnson should have said, hey,

1930
01:32:53.439 --> 01:32:55.640
we're not ready to put it out. If it wasn't

1931
01:32:55.680 --> 01:32:56.199
ready to put.

1932
01:32:56.039 --> 01:32:57.880
Out with Trump going foy Foch.

1933
01:32:57.920 --> 01:33:00.720
It doesn't matter, you're still the doctor. If someone's saying

1934
01:33:00.800 --> 01:33:04.119
you diagnosed, diagnosed. It's like, no, I haven't. I have integrity.

1935
01:33:04.119 --> 01:33:05.760
I have standards at the up hold, whether you want

1936
01:33:05.760 --> 01:33:06.239
me to or not.

1937
01:33:06.560 --> 01:33:09.760
I guess I'm trying to You know, Trump took credit

1938
01:33:09.840 --> 01:33:12.399
for fast tracking the COVID vaccine, which you should get credit.

1939
01:33:12.520 --> 01:33:14.760
Did great. They got it out there very quickly. But

1940
01:33:15.279 --> 01:33:18.800
now he's saying that caused death of people, and so

1941
01:33:18.920 --> 01:33:21.399
his administration is Look, I guess what I'm trying to

1942
01:33:21.399 --> 01:33:23.720
say is, are thin looking at farmer companies?

1943
01:33:24.159 --> 01:33:26.520
Well, no, they not doing I don't know what they're

1944
01:33:26.560 --> 01:33:29.079
actually gonna suit. I'm not saying if I'm just saying,

1945
01:33:29.119 --> 01:33:31.439
I'm speculating whether or not they're gonna sue these companies,

1946
01:33:31.760 --> 01:33:34.399
but they're saying that twenty kids, they're going to link

1947
01:33:34.479 --> 01:33:37.680
those depths to the use of COVID vaccines. So whatever

1948
01:33:38.000 --> 01:33:41.000
ramifications come about that afterwards, who knows.

1949
01:33:40.800 --> 01:33:42.760
Kind of like kind of call him Powell the worst

1950
01:33:42.760 --> 01:33:45.279
Federal Reserve chairman ever, and you're the one that appointed him.

1951
01:33:45.600 --> 01:33:48.399
Didn't he ask who who pointed it to? Did he

1952
01:33:48.439 --> 01:33:49.720
say at one point who appointed him?

1953
01:33:49.840 --> 01:33:52.520
Yeah, I don't know. When you've got as many moving

1954
01:33:52.560 --> 01:33:57.720
parts as Trump hassed to deal with and he's seventy

1955
01:33:57.800 --> 01:33:59.840
nine years old. I mean he acts like he's fifty nine,

1956
01:33:59.840 --> 01:34:03.840
but seventy nine years old. You're going to get confused, right, Yeah.

1957
01:34:03.640 --> 01:34:05.359
I remember everything, especially from the first turn.

1958
01:34:05.439 --> 01:34:07.760
I promise, I promise that if I ever make it

1959
01:34:07.760 --> 01:34:10.239
to seventy and I I will have some confusing moments.

1960
01:34:10.239 --> 01:34:14.520
You're almost there, no topic, it was a good thing.

1961
01:34:14.760 --> 01:34:17.319
It was a dark day, you know, this week, it

1962
01:34:17.399 --> 01:34:19.920
was a dark week for America. It was, and it

1963
01:34:20.119 --> 01:34:23.119
was the aftermath of the CHARLIEKK shooting. Also that stabbing

1964
01:34:23.159 --> 01:34:24.600
on the butt. I mean, we have some problems in

1965
01:34:24.640 --> 01:34:25.680
this country.

1966
01:34:25.920 --> 01:34:27.760
And on top of that, there's a school shooting as well.

1967
01:34:27.840 --> 01:34:28.479
Yeah, that Charlie.

1968
01:34:29.399 --> 01:34:31.239
It was just for those in Denver.

1969
01:34:31.199 --> 01:34:31.359
You know.

1970
01:34:31.359 --> 01:34:33.279
I had a couple of people say, like, why is

1971
01:34:33.319 --> 01:34:36.039
the market not going down? The market at the end

1972
01:34:36.039 --> 01:34:38.760
of the day, whether you think it's right or wrong,

1973
01:34:38.920 --> 01:34:42.880
it doesn't care emotionally. None of these things were going

1974
01:34:42.920 --> 01:34:46.439
to affect the business transactions unless there was civil unrest, right,

1975
01:34:46.520 --> 01:34:49.840
so the market is looking at it from a purely

1976
01:34:49.880 --> 01:34:50.840
financial point of view.

1977
01:34:51.039 --> 01:34:53.920
I often often use that with with people who are

1978
01:34:53.920 --> 01:34:57.560
concerned about the political landscape as well. When Biden got elected,

1979
01:34:57.600 --> 01:34:59.000
we had a lot of our clients that were so

1980
01:34:59.079 --> 01:35:00.960
concerned about Biden and we pull out. We need to

1981
01:35:00.960 --> 01:35:03.119
get out in this scent. When Trump was elected, we

1982
01:35:03.159 --> 01:35:05.600
had a few people that were not happy about that

1983
01:35:06.199 --> 01:35:09.640
in the office. And it doesn't At the end of

1984
01:35:09.680 --> 01:35:15.720
the day, you have to ask yourself the shooting, all

1985
01:35:15.760 --> 01:35:18.960
of the negative things that were in the news this week,

1986
01:35:19.479 --> 01:35:22.840
and or the president and or the senator and or

1987
01:35:22.880 --> 01:35:26.560
your governor, what did they really have to do with

1988
01:35:26.800 --> 01:35:30.520
the earnings from Apple at the end of the day.

1989
01:35:30.920 --> 01:35:34.920
And the bottom line is there isn't a direct correlation.

1990
01:35:35.520 --> 01:35:38.680
So we always say just stay invested, don't get crazy,

1991
01:35:38.880 --> 01:35:42.000
don't be trying to time the market, especially if you're young.

1992
01:35:42.439 --> 01:35:44.279
Load up with the S and P five hundred and

1993
01:35:44.319 --> 01:35:46.319
just forget about it anywhere. We're coming to the end

1994
01:35:46.319 --> 01:35:48.399
of the show. We thank you for taking time out

1995
01:35:48.399 --> 01:35:50.520
of your Sunday to join us. NFL is about to

1996
01:35:50.600 --> 01:35:53.560
kick off. Let's go watch some football. We all want

1997
01:35:53.600 --> 01:35:55.840
to be happy, and of course we all want to

1998
01:35:55.840 --> 01:35:58.479
be healthy, because if we're not healthy, we're probably not happy.

1999
01:35:58.680 --> 01:36:00.319
And at the end of the day, we worked you

2000
01:36:00.359 --> 01:36:03.560
here is be profitable to the next work