Nov. 20, 2024

Market Moves & Money Strategies: Staying Ahead in Turbulent Times

Market Moves & Money Strategies: Staying Ahead in Turbulent Times
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Market Moves & Money Strategies: Staying Ahead in Turbulent Times
Market Moves & Money Strategies: Staying Ahead in Turbulent Times

Get ready for an action-packed episode of Money Matters! This week, the Greenberg Financial Group team breaks down the market’s rollercoaster ride as stocks stumble after hitting record highs. What’s behind the sudden shift? We’ll explore how fading...

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Get ready for an action-packed episode of Money Matters! This week, the Greenberg Financial Group team breaks down the market’s rollercoaster ride as stocks stumble after hitting record highs. What’s behind the sudden shift? We’ll explore how fading post-election excitement and persistent high rates are shaking things up. Meanwhile, the crypto world is buzzing—are you ready to ride the wave or avoid the traps? We’ve got the tips you need. Plus, all eyes are on Nvidia’s upcoming earnings, with tech’s biggest player set to shake the market. And don’t miss our exclusive insights on financial planning—your key to staying calm, confident, and ready for whatever comes next!

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This is why we said even on that Trump bounce,

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all excited about there's gonna be a pullback. I still

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think there'll be a pullback into December. I still think

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the pullback can still continue. I would say probably we

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moved down to maybe somewhere in the fifty six hundred

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fifty six to fifty level right now, about fifty eight

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to fifty, so it's another two hundred points on the

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S and P five hundred If it goes a little

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bit lower than that. I think maybe fifty four to

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fifty five hundred going into the end of the month

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and December. I think early December probably put in the

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bottom and then rally again. You know, we'll be back

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and forth. We're going to be back and forth. But

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the markets this week, the S and P went down

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two percent, still up about two percent for the month.

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Nazek went down three percent, still up about three percent

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for the month, Russell went down four percent, still up

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five percent, and the equal weighted went down one point seven,

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still up point twenty six for the month. So the

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month is still good, the year is still good. But

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it's it does get scary when the markets go down,

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they always go down faster. Than they're up, and as

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I've been telling you, I'd still think that you better

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be mitigating risk for a while. I think if we

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do put a nice bottom in at some time between

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now and say middle of January, I think the first

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quarter could be very good.

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Again.

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If you look at some of the statistics when there's

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a red wave, and we obviously know now that we

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have a red wave, we've taken over the House to

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send it, and the White House usually get a average

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market move the next year. I don't know about seven

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to eight percent at least. I think that could happen quickly.

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Then they start seeing what happens with all the things

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that they need to do. We're going to talk a

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little bit about that. What I'm excited about with his

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new appointees. Shake it up, baby. You know, my biggest

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model is real simple. If you're not having a good day,

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if things aren't going away it is, then there's only

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one solution. Change it, And you got to change it

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as quickly as you can, because if you don't change things,

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then you have the same old stuff. And that's how

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the way I look at the markets and investing. Okay,

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the markets go up and down if you do not

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change your portfolio. If you do not mitigate risk. You're

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writing it up, you're writing it down. You're emotionally high

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when it's up and you're scared that it Oh my,

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how much further? And when it goes down you get scared,

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oh how much further downs are going to go? Where

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do I buy? Put yourself in positions that you have

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cash when the markets go down and buy put yourself

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in a position. And when the markets are rally and

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you're making money, but if it's getting extended, you cut

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back and raise cash. You head your portfolio with maybe

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inverse or covered calls, or some strategy that you like.

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We use them all, depending on the person, depending on

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the account, depending on the positions, the allocations. Things like that.

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We know how to gate risk. We know how to

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make money in the markets going higher, along with mitigating risks,

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to go ahead and not give it all back. I

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have no clue if this market can crash and burn

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or just have a two or three five percent pull back.

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I don't know.

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We won't know until later on. But I do know

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that we've moved up tremendously. Okay, we were up six

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seven percent just for the month in the s and

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P five hundred. All right, at some time, that's gonna

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pull back. We were all over six thousand at some time,

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that's gonna pull back. And I use some technical analysis

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and some other things that I use, and it showed

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us that that's what can happen. Now how far it

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comes down, you know, it doesn't go straight down either

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back and forth. But we could have an aggressive decline

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if we keep breaking down from where we are here,

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because then you get everyone else that was just waiting

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to get out and they get scared and they start

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selling in their portfolios and just say I'll go to cash,

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I'll wait. Especially mutual fund holders. You know, they can

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only sell at the end of the day. You don't

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know how much they're going to sell. They sell it,

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and then they have to wait to get back in.

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So if you have if you have more selling, then

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you do buying into these funds. The markets go down.

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It's all about supply and demand. If the demand to

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buy stocks is there, that goes higher. I've been saying, yes,

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you have demanded certain stuff, but we've just had rotations

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from one industry to another, and you know, and then

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when they sell off, they sell it all off, and

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then obviously the hedge funds and the computers and the

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institutions sell everything down. Mutual funds have to sell if

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people giving sell orders, and the markets for I did

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not see that aggressive selling at the end of the day,

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So I don't think that the mutual fund's got a

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lot of sell orders to have to come out at

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the end of the day. So I think that that

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that's positive, but that still can happen. When that happens

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and we capitulate, that's when I want to stop buying

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back in and going along again. So if you just

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sum it up for you, the markets look like they

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have more downside, okay, anywhere from maybe three to five

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maybe seven percent okay, And then I think that we

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have a rallying to the end of the year, we

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pull back a little bit, and then we have a

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rally to the end of the first quarter, like sometime

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in April, and then I'll see what's going on at

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that time where we're at. I am concerned that now

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the Fed Federal Reserve that everybody was talking how they're

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gonna keep lowing interest rates, and we kept saying it

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doesn't make sense. He says, well, you know what Powell

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says this week, I'm not so sure we got a

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lower interest rates. We know we don't have to be

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in that rush to lower interest rates. Well, of course

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you're not, especially this week with some inflation numbers. It

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came in in line, but the higher than they were

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last month, so we expected it to be a little higher.

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And that's not good. If you keep lowing interest rates

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and stimulating the economy, that's not good. So and if

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you're listening to all the pundits out there, which we

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you know, been listening for a week and a half,

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well they want to do it was trash Trump's economic plan.

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And if most of you know me, I'm an economic

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guy of voting, okay, that's where I vote, all right,

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who is going to keep the economy going the best?

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And the reason I do that is if the economy

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is doing and people are doing well, everything else can

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fall in line because people feel like, hey, I'm okay.

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It's when other things aren't working then you have the

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ability to be upset with everything else. But when there's

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an economic wave and you know, and it's just they

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still don't get it, Okay, the Democrats still don't get

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it until Now, when they got slaughtered in the election,

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they kept up, what the economy is good, what's wrong

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with the economy. Everything's good. Nobody realizes what inflation does

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to you. Sure, you might have made some more money.

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But if everything is going higher, and we all know

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these fast food chains and everybody else, and the people

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that affects is the middle class and lower they can't

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afford it. Food just keeps rising. They can't afford it.

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Now gas is gonna start coming down. I would not

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be surprised to see for gas oil in the forty

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some odd range. I don't think the Middle East is

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going to stand for the fact that they have their

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own controls. And now we're gonna open up and they're

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gonna say, no, we're gonna be pumping two because whatever

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we're gonna get, we're gonna get it, and we can

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pump it cheaper than other people, and then we'll worry

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about it later on. So I think you're gonna see

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oil prices come down, which means gas prices come down,

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which means transportation comes down, which means prices come down.

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There's number one. Number two. They keep talking about all

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these tariffs. Well, you can have terraffs in the right way.

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Nobody knows how it's gonna pan out. But why is

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it okay that we get it costs our companies, US

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companies more to do business in China and Germany and

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everybody at place than it is for them to do

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business here. So our products, our companies get edged out

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overseas and it's easier for them to do business here. No,

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let's make it equal, and let's consumers around the world

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decide what product they need. If you see the theme

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of what's going on in the in this what I

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call the new political era is we are going to

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start allowing more choice. Isn't that funny? More choice the

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thing that the Democrats all want. It's gonna be Wait

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a second, you want to buy foreign vehicle and we're

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giving it cheaper than our own vehicles. That's not right.

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We're gonna be We're gonna make that an even playing field. Okay,

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fair share, You may have a fair, fair fair, So

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let's make it fair. Then we can decide do we

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think that the European or the Asian or Chinese vehicles

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are better than our vehicles. Competition does what it drives,

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It will drive down prices, and it will also give

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us better products, bringing back US manufacturing. We can do

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stuff clean. Now we're going to have different types of energy. Okay,

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it's going to be better. You see all these tech

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companies going towards what small nuclear power. They know that's

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how it's going to happen for them. It's clean, it'll

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be less expensive, and that's what they're going to do

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over the next five to ten twenty years. I mean

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the nuclear plant in Pennsylvania. Microsoft decided, hey, and take

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part of this and turn it into our power plant

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for our data systems. We need those things. That's what

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they know. It's not that I just want to be

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an isolationist, but I want to be America first in

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the fact that I want us to be strong first.

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When we are strong, we're able to give. It's no

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different than just even in America, people that are struggling

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and have no money to give to others. People that

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are doing well, and they always come down on the

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very very rich. They're the ones that actually have the

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means to give back, and they have causes they want

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to give back, especially if they earned it. Most people

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I know with money give back, whether it's one hundred dollars,

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one thousand dollars, one hundred thousand dollars, or millions of dollars.

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It's all across the spectrum. And people with money give back.

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People with no money don't give back. So what we

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really need to do is bring that lower play and

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feel up so more people are in the situation that

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they feel comfortable that they can give back and help

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instead of so many people with their hands out asking

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for handouts. Give me, take care of me. The whole

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concept of the government can control everything and help out

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everyone is going away. The biggest thing that I love

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that I heard was the DOGE Committee, the Department of

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Government Efficiency. Brilliant. This is brilliant and it's outside the box.

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And only a businessman would come up with the idea

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to bring in one of the richest men in the world,

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if not the richest, to head this up with a politician,

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also a tech guy, also very wealthy himself. Okay, but

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remember he understands the political world a little bit more

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than Elon. Elon is a genius and understands at a

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level that most of us couldn't even fathom. And what

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are they going to do. They're going to cut all

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the fat, well not all the fat, but as much

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fat as they can out of the US government. They're

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going to make the government smaller. They're going to start

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moving stuff to the states.

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That's where it should be.

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The federal government needs to be there to help in

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disasters and casualties and defense, our economics, interest rates, our currency.

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That's where they've got to be. They don't need to

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be deciding what goes on with education in every state.

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They have to have an over see type of policy,

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but at the end of the day, let the states

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decide on how they want to do it, and which

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means it's easier for the people in each state to

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vote and decide how they want to do it. And

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if you don't like it, you don't have to move

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out in the United States of America. You just move

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out of the state and go someplace else. You don't

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like the abortion law in the state you're living, you

232
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can go to another place and get it done. I

233
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don't want to hear the excuse I had cost money.

234
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It costs this. It's costs that well if you can't afford.

235
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If that's what you want to do, be careful of

236
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what you're doing before you do it make people more

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accountable for what they do and how they get into it.

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You know, RFK to me is the other one. Everyone

239
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you know you're listening to it. Oh he's crazy, he

240
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has different ideas. He's a no vaxed guy. He never

241
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says that. Listen to what he says and not what

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the other stations are saying. It's about choice, it's about choice.

243
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But he wants the best science to tell everybody what's

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really going on, so he has choice. If he was

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there when we went through the pen, we would really

246
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know what really happened. Fauci was a joke, a joke,

247
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and he got caught and he covered up and he

248
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acted like, oh he's his grandfather, you know, Oh, well

249
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love him. That's all the Democrats wanted was love. Look

250
00:14:17.919 --> 00:14:23.080
where love got you. We need strong, we need decision makers.

251
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We need people that are gonna cut the fat, get

252
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rid of it, not get their feelings hurt when people

253
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say things about them, and get the job done. I

254
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can't wait to see if they can actually cut two

255
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trillion dollars out of the budget. Two trillion. And that

256
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doesn't mean the cutting Medicare, that doesn't mean the cutting

257
00:14:43.679 --> 00:14:49.080
Social Security Okay. That means they're going to figure out

258
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in the departments who should be there and who should

259
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it they're gonna be, They're going to cut them, they're

260
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gonna be more efficient, and they're gonna get rid of

261
00:14:59.039 --> 00:15:02.679
all the waste in the That's what we've needed to

262
00:15:02.720 --> 00:15:07.360
do forever. And what's funny is there also no one

263
00:15:07.399 --> 00:15:10.360
talks about spending. Well, you know what, that's the first

264
00:15:10.399 --> 00:15:13.279
thing he's doing is talking about spending. And then all

265
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people want to do is takedown and rip eli Musker part,

266
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even though they loved him when he was voting for Democrats,

267
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but because he voted for Trump, it's a bad thing.

268
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RFK was a Democratic still put you know what I mean.

269
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They could have had him, they could have done it.

270
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They didn't care. Why is that a bad thing that

271
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he wants to shake up the FDA and Big Farmer

272
00:15:35.440 --> 00:15:38.879
and get to the bottom of why our food has

273
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so many more bad ingredient incident than other countries for

274
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the same exact product. I think it's wonderful we have

275
00:15:50.000 --> 00:15:53.159
what was it they said back in the seventies or something,

276
00:15:54.639 --> 00:15:57.639
sixteen per we had sixteen percent of the Americans had

277
00:15:57.679 --> 00:16:01.840
chronic disease and now it's over sixty scent have chronic disease.

278
00:16:04.519 --> 00:16:08.000
What came first? The chicken or the egg? Who created

279
00:16:08.039 --> 00:16:12.679
these things? Now, big farmer makes a lot of money.

280
00:16:13.440 --> 00:16:17.360
We've seen movies after movies after movies, documentaries talking about

281
00:16:17.360 --> 00:16:19.240
on things that they do. Well, maybe we got to

282
00:16:19.240 --> 00:16:25.840
make them accountable too. We really do. Just getting insulin

283
00:16:25.919 --> 00:16:27.960
down to a price that you can pay for it

284
00:16:28.039 --> 00:16:31.679
is not the whole thing. Price is one part of everything.

285
00:16:33.360 --> 00:16:36.559
What they're doing is the other. The information we get

286
00:16:36.679 --> 00:16:40.360
is another. And why we are treated differently than everybody else.

287
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They'll figure it out. Don't tell me, well, you know

288
00:16:45.039 --> 00:16:47.519
we paid more because we want to have you know,

289
00:16:47.559 --> 00:16:49.960
we're the ones paid for the technology for the world. No,

290
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they'll figure it out. They'll bring our prices down, they'll

291
00:16:53.240 --> 00:16:55.320
bring their prices up a little bit, and they will

292
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concentrate on the things that they think can make us money,

293
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make them money. I mean, corporations have a way to

294
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make it work. That's where we're at. The Dose Committee,

295
00:17:10.759 --> 00:17:14.880
to me, is the coolest thing that Trump has done,

296
00:17:15.960 --> 00:17:19.200
because I do believe we need to stop spending and

297
00:17:19.319 --> 00:17:21.960
most of the spending can be cut with things that

298
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we don't need. We'll also going to be stronger and

299
00:17:25.720 --> 00:17:28.599
we're also going to move forward. And I know all

300
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you're hearing is, oh, he's a dictator. He's putting everybody

301
00:17:32.559 --> 00:17:36.279
in line. They're all his yes men. But we know

302
00:17:36.359 --> 00:17:40.480
they're not. You know, people that have never really run

303
00:17:40.519 --> 00:17:46.720
a business don't understand what leadership is. Leadership is at

304
00:17:46.720 --> 00:17:48.200
the end of the day, you've got to be able

305
00:17:48.200 --> 00:17:51.000
to make the decision based on what all the people

306
00:17:51.079 --> 00:17:55.240
you trust are telling you. At the end of the day,

307
00:17:55.279 --> 00:17:58.480
it's your decision, but you're not making it on just

308
00:17:58.799 --> 00:18:01.799
your own knowledge. You may thinking it on what people

309
00:18:01.880 --> 00:18:05.599
are bringing to you, and it's a compromise between everyone

310
00:18:06.240 --> 00:18:11.160
on that committee. Trump isn't gonna go and look at

311
00:18:11.200 --> 00:18:15.960
everything in the FDA and the pharmaceuticals RFK is gonna

312
00:18:16.000 --> 00:18:19.720
have a team, a big team that's gonna come with reports,

313
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and they're gonna report and meet and tell Trump, and

314
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then Trump's gonna make decisions. I like this, I don't

315
00:18:25.519 --> 00:18:29.880
like this. He'll have committees looking at it to tell

316
00:18:29.920 --> 00:18:32.079
me he's a dictators out of your mind. What he

317
00:18:32.240 --> 00:18:35.799
is a dictator in is saying I no longer want

318
00:18:35.799 --> 00:18:38.400
to have the same old, same old. I no longer

319
00:18:38.440 --> 00:18:42.319
want to have our chronic diseases. I want a food better,

320
00:18:42.599 --> 00:18:45.039
I want a health better. And I got the right

321
00:18:45.079 --> 00:18:48.039
guy to do with our FK. He's saying to Elon,

322
00:18:48.880 --> 00:18:50.920
figure out who you need and what you need to do,

323
00:18:51.200 --> 00:18:57.440
and start going through and dissecting our country and the

324
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inefficiencies that we have and why we spend so much money.

325
00:19:01.839 --> 00:19:06.079
Because if we don't stop spending, we're in trouble. That's

326
00:19:06.119 --> 00:19:08.240
what has to be done. Now. If they don't follow

327
00:19:08.279 --> 00:19:11.240
through and get this done, then there's a problem. But

328
00:19:11.279 --> 00:19:14.039
you know, all the Republicans talk about this and talk

329
00:19:14.079 --> 00:19:16.599
about it and talk about it. They need to go

330
00:19:16.720 --> 00:19:19.039
ahead and get together and do it.

331
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Now.

332
00:19:19.359 --> 00:19:21.960
Do I think politicians themselves can do it? No, I

333
00:19:22.039 --> 00:19:28.880
don't because the lawyers out of those elite schools that

334
00:19:29.039 --> 00:19:31.960
teach you how to be a politician.

335
00:19:33.440 --> 00:19:34.119
Or lawyers.

336
00:19:34.920 --> 00:19:37.359
Now, there's nothing wrong with lawyers until you you have

337
00:19:37.400 --> 00:19:40.160
to need you have to go against them. I hate

338
00:19:40.480 --> 00:19:46.480
that people sue everybody, but that's their brain. They're not

339
00:19:46.640 --> 00:19:54.319
figuring solutions. Business people find problems and fix solutions. When

340
00:19:54.319 --> 00:19:58.480
it's not working, they change it. And people aren't used

341
00:19:58.519 --> 00:20:03.000
to government making such quick changes. And making things happen.

342
00:20:03.279 --> 00:20:05.559
You know, they talk about the whole vaccine. They forget

343
00:20:05.599 --> 00:20:09.279
it was President Trump who had warped speed to get

344
00:20:09.319 --> 00:20:11.839
the vaccine through and all the regulations to have it

345
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done and ready to go before Biden even took over.

346
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They found, whether you liked the vaccine or not, within

347
00:20:20.119 --> 00:20:23.200
what was it nine months, there was something out there

348
00:20:23.200 --> 00:20:27.119
for people, good, better and different. They had something and

349
00:20:27.319 --> 00:20:30.920
was used by the Abiden administration after they realized, Okay,

350
00:20:30.960 --> 00:20:34.480
maybe this works for some people, and then they went

351
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overboard and mandated. And that's where RFK comes in and says,

352
00:20:39.559 --> 00:20:46.359
no more mandates, no more closing schools, no more doing

353
00:20:46.400 --> 00:20:48.839
the things that you did, so you can have your

354
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own agendas. THEO this is going away, people, and it's

355
00:20:54.519 --> 00:20:58.279
about time. The board is getting closed people, and it's

356
00:20:58.319 --> 00:21:03.960
about time. I do believe all of this will eventually

357
00:21:04.359 --> 00:21:07.559
make us a very very strong country with a great

358
00:21:07.599 --> 00:21:12.400
economy that will be absolutely praised in the history books

359
00:21:12.400 --> 00:21:19.200
when you look back. That's what it's all about. Now,

360
00:21:22.920 --> 00:21:26.599
before I sign off on my monologue, I do want

361
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to talk about something that I'm very proud of. As

362
00:21:30.559 --> 00:21:34.440
you know, we coach Dylan and I coach with a

363
00:21:34.440 --> 00:21:39.480
bunch of other people at Tucson High. We've done something

364
00:21:39.480 --> 00:21:42.519
at Tucson High football that hasn't been done since nineteen

365
00:21:42.680 --> 00:21:48.640
seventy three. It's fifty one years ago. We won fifty

366
00:21:48.680 --> 00:21:52.640
one games. We won eight games. That hasn't been done

367
00:21:52.839 --> 00:21:58.839
in fifty one years. They haven't been done. A playoff

368
00:21:58.880 --> 00:22:06.519
game hasn't been won since eighteen seventy one. Tonight, and

369
00:22:06.559 --> 00:22:08.720
I know you know, I record this tonight, so we'll

370
00:22:08.799 --> 00:22:12.440
see what happens Sunday. Tonight we have the first playoff

371
00:22:12.480 --> 00:22:17.680
game at home in over fifty years. Obviously we want

372
00:22:17.680 --> 00:22:21.680
to win. Well we win, we'll find out. But the

373
00:22:21.839 --> 00:22:26.640
process that has happened that we've implemented with these kids

374
00:22:26.680 --> 00:22:30.559
to change their mindset. And I look at this because

375
00:22:30.599 --> 00:22:32.720
I thought about it on the country and Trump coming

376
00:22:32.759 --> 00:22:36.640
in and stuff like that. When you can convince people

377
00:22:38.079 --> 00:22:42.559
that they can be great, they become great. Tucson High

378
00:22:42.680 --> 00:22:45.480
is not one and so long. We took the program

379
00:22:45.519 --> 00:22:47.920
over last year. We went one in five. You know

380
00:22:47.960 --> 00:22:50.160
what we did when we went one in five, we

381
00:22:50.319 --> 00:22:52.799
changed it. We changed the offense of the defense. We

382
00:22:52.839 --> 00:22:56.359
are twelve and two. Since then, Why do I care?

383
00:22:57.279 --> 00:23:01.160
I care because we're teaching kids there is something at

384
00:23:01.160 --> 00:23:05.839
the end of hard work. And I'm sure you know

385
00:23:05.880 --> 00:23:09.839
how hard we drive these kids and they're yes, sir, no,

386
00:23:09.960 --> 00:23:13.519
sir kids. The reputation that Tucson Hi has is wrong.

387
00:23:15.680 --> 00:23:19.519
They're not only a great magnet school. They have great families.

388
00:23:19.920 --> 00:23:24.839
They come from great families. They are maybe lower end

389
00:23:24.920 --> 00:23:29.400
of the economic scale, but that doesn't mean anything when

390
00:23:29.400 --> 00:23:31.440
it comes to heart and you have to find it.

391
00:23:31.799 --> 00:23:33.279
There are people out there that do it. And this

392
00:23:33.319 --> 00:23:37.039
is what's happening at the highest level in government. We

393
00:23:37.119 --> 00:23:40.400
are going to teach America how to be winned. We're

394
00:23:40.400 --> 00:23:43.759
gonna teach America the process that it takes. We're gonna

395
00:23:43.799 --> 00:23:49.160
piss people off, and it's gonna be good because they're

396
00:23:49.200 --> 00:23:52.000
not weak, they're strong. You're gonna see peace around the world.

397
00:23:52.160 --> 00:23:55.480
You're gonna see economic boom. You're gonna see lower taxes.

398
00:23:55.559 --> 00:23:57.759
You're going to see the border shut. You're gonna see

399
00:23:57.759 --> 00:24:03.640
people deported that don't belong here, especially the criminals. And

400
00:24:03.720 --> 00:24:08.039
Tucson Highs football is proven on a small basis that

401
00:24:08.119 --> 00:24:10.920
if you have the heart, you have the strength, you

402
00:24:10.960 --> 00:24:14.079
can teach people that don't believe themselves to believe in

403
00:24:14.079 --> 00:24:17.519
themselves and do a great job. I love those kids,

404
00:24:17.599 --> 00:24:20.160
Dylan loves those kids. It's a great team and they

405
00:24:20.359 --> 00:24:22.839
when they look back on history, they will realize they

406
00:24:22.880 --> 00:24:25.680
did something that hasn't been done in over fifty years

407
00:24:25.799 --> 00:24:28.160
and they should be damn proud of it. We'll be

408
00:24:28.240 --> 00:24:30.799
back with everybody. I hope you, I hope you have

409
00:24:30.920 --> 00:24:33.079
mitigated risk on. We'll let you know when we think

410
00:24:33.079 --> 00:24:35.480
it's time to buy again and we'll be ready to go.

411
00:24:35.680 --> 00:24:39.400
Thank you for listening. Welcome back to the Money Matter Show.

412
00:24:39.400 --> 00:24:42.279
This is Dave Sherwo. I'm here with Dean Greenberg, Dylan Greenberg,

413
00:24:42.359 --> 00:24:46.720
Todd Gregg Junior, and Sebastian Borsini. We're pretty proud of

414
00:24:46.720 --> 00:24:49.160
those Greenberg boys and what they've accomplished down is he's

415
00:24:49.200 --> 00:24:51.920
on high Dean mentioned in his first in his monologue

416
00:24:51.920 --> 00:24:55.119
about it, and we're pretty excited about tonight and wishing

417
00:24:55.200 --> 00:24:57.079
them all the best, kind of like the Detroit Lions.

418
00:24:57.160 --> 00:25:00.640
Right the Detroit Lions are off to their best started

419
00:25:00.640 --> 00:25:01.839
in seventy years.

420
00:25:01.920 --> 00:25:05.039
I'd say that's a good comparison to Tucson High.

421
00:25:05.039 --> 00:25:05.200
Though.

422
00:25:05.240 --> 00:25:07.839
It's a big deal for them kids.

423
00:25:07.559 --> 00:25:09.240
A big deal for the community, big deal for the

424
00:25:09.359 --> 00:25:11.519
oldest high school. High school has been here longer than

425
00:25:11.559 --> 00:25:14.839
the of A. I think, wow, I remember reading something.

426
00:25:14.720 --> 00:25:16.039
About that, we've ever been on that campus.

427
00:25:16.880 --> 00:25:19.279
The actually dive has been here longer than twos on highs.

428
00:25:19.680 --> 00:25:20.400
That was the weird part.

429
00:25:20.440 --> 00:25:22.480
Have you ever been on the Tucson High Beautiful?

430
00:25:22.599 --> 00:25:25.680
It has been in the building and actually had an

431
00:25:25.680 --> 00:25:28.440
event in the building, and I thought it was pretty cool. Yeah.

432
00:25:28.440 --> 00:25:29.920
I went to Marina High School and that was a

433
00:25:30.599 --> 00:25:31.720
whole different experience there.

434
00:25:31.720 --> 00:25:35.119
I'd say, I think it's totally different. Yeah, crazy market.

435
00:25:35.799 --> 00:25:37.920
You know, it's interesting. Every week we come and and

436
00:25:38.079 --> 00:25:41.480
every week we look at our performance sheet, and every

437
00:25:41.480 --> 00:25:44.160
week we have new all time highs for all of

438
00:25:44.160 --> 00:25:48.000
the major indicies. But interestingly, the market has closed down

439
00:25:48.039 --> 00:25:50.759
three of the last four weeks, and yet every week

440
00:25:50.839 --> 00:25:53.759
during the week we hit an all time high. This

441
00:25:53.880 --> 00:25:59.119
past week, the Trump euphoria ran into higher interest rates.

442
00:26:00.079 --> 00:26:04.240
Interest rates are an issue and higher interest rates, and

443
00:26:04.279 --> 00:26:06.160
you said, well, how can we have higher interest rates?

444
00:26:06.160 --> 00:26:09.839
The Fed's lowering interest rates. The Fed is lowering short

445
00:26:09.880 --> 00:26:13.079
term interest rates. Long term interest rates are being driven

446
00:26:13.119 --> 00:26:15.720
by the market, and they've been steadily rising. Hit the

447
00:26:15.759 --> 00:26:19.440
highest level since July last week. That's one of the

448
00:26:19.480 --> 00:26:25.839
few things that can derail this rally. The excitement about

449
00:26:25.880 --> 00:26:30.519
a pro business president is good. We know that Trump's

450
00:26:30.519 --> 00:26:33.079
first term the market, if you take away the pandemic,

451
00:26:33.119 --> 00:26:36.759
which I think is fair, the market performance was I

452
00:26:36.759 --> 00:26:41.400
think the fourth best of any president in history. The

453
00:26:41.440 --> 00:26:43.519
market is excited and rightfully so.

454
00:26:44.000 --> 00:26:46.759
And aside from the stock market, you know the housing market.

455
00:26:46.759 --> 00:26:48.720
You had all these people just waiting on the sidelines

456
00:26:48.720 --> 00:26:51.200
waiting for the Fed to cut interest rates. Why because

457
00:26:51.240 --> 00:26:53.319
they were going to lower interest rates. Yeah, well they

458
00:26:53.319 --> 00:26:56.640
caught them. What happened? They just skyrocket right back up.

459
00:26:57.200 --> 00:26:58.839
Before we get into more of the show, I'm going

460
00:26:58.920 --> 00:27:01.119
to give a little disclaimer. This show is sponsored by

461
00:27:01.160 --> 00:27:03.000
the Greenberg Financial Group and you can listen on seven

462
00:27:03.039 --> 00:27:07.000
to ninety KNSD or iHeartRadio. This show discusses different investment

463
00:27:07.039 --> 00:27:09.880
products and strategies. Every product and strategy have some type

464
00:27:09.920 --> 00:27:12.680
of inherent risk, and we strongly encourage our listeners to

465
00:27:12.680 --> 00:27:15.400
properly understand the risk to determine whether to buy, sell,

466
00:27:15.519 --> 00:27:17.759
or hold. This show has been on air for over

467
00:27:17.799 --> 00:27:20.200
thirty years. The Greenbrig Financial Group is registered with the

468
00:27:20.240 --> 00:27:23.200
SEC and a member of FINRA and CIPIK. Visit our

469
00:27:23.200 --> 00:27:26.279
website at greenbrig Financial dot com for some more information.

470
00:27:26.720 --> 00:27:28.559
You could give us a call five two zero five

471
00:27:28.599 --> 00:27:30.880
four four four nine zero nine. If you ever have

472
00:27:30.920 --> 00:27:32.880
a question that you want answered on the show, either

473
00:27:33.160 --> 00:27:35.319
again call that number or you could email us at

474
00:27:35.359 --> 00:27:37.599
contact at Greenberg Financial dot com.

475
00:27:37.759 --> 00:27:40.039
Thank you, Samash. You had a couple of economic reports

476
00:27:40.279 --> 00:27:44.119
over the week last week. I'm sorry CPI which we

477
00:27:44.119 --> 00:27:46.559
were waiting on. The Consumer Price Index up two tenths

478
00:27:46.599 --> 00:27:50.119
of a percent now two point six percent higher year

479
00:27:50.160 --> 00:27:52.720
overear that actually has ticked up the last two months

480
00:27:52.759 --> 00:27:55.519
from two three to two four to two six. We've

481
00:27:55.559 --> 00:27:59.519
got a little bit of inflation pressure there. And the PPI,

482
00:27:59.799 --> 00:28:03.960
the producer price Index, which is the wholesale level, up

483
00:28:04.000 --> 00:28:06.519
two tenths of a percent. Again, it's two point four

484
00:28:06.599 --> 00:28:10.839
percent year over year. Retail sales, retail sales were amazing.

485
00:28:11.119 --> 00:28:14.200
Retail sales in October up four tenths of a percent

486
00:28:14.519 --> 00:28:17.400
after beeting up eight tenths of a percent in September.

487
00:28:17.480 --> 00:28:19.599
In September, and you know, you walk.

488
00:28:19.400 --> 00:28:22.319
Into any of these retailers and they've got their Christmas

489
00:28:22.359 --> 00:28:26.559
trees up and they're playing holiday music. And I have

490
00:28:26.640 --> 00:28:29.279
a couple of friends that work in retail and they

491
00:28:29.279 --> 00:28:32.559
are just swamped. Really, I mean they're just getting hammered

492
00:28:33.799 --> 00:28:36.519
at the Longkin Totam wall. You can't find a parking spot.

493
00:28:36.960 --> 00:28:38.839
People are spending like this is going to be the

494
00:28:38.920 --> 00:28:40.640
last chance you're going to get to spend before the

495
00:28:40.720 --> 00:28:41.240
end of the year.

496
00:28:41.359 --> 00:28:42.880
My dad works in the car industry, and I was

497
00:28:42.920 --> 00:28:45.799
having a conversation with him about how how he thinks

498
00:28:46.000 --> 00:28:48.480
this Trump win is going to affect his business, if

499
00:28:48.519 --> 00:28:51.079
at all, and it's just first hands. It's funny to

500
00:28:51.079 --> 00:28:54.480
see leading into the election, each day he was selling

501
00:28:54.480 --> 00:28:56.599
about two cars a day, three cars a day, two

502
00:28:56.640 --> 00:28:59.160
cars a day. The day after Trump was elected, how

503
00:28:59.160 --> 00:29:03.200
many cars do you think this? Six twelve, twelve, next

504
00:29:03.279 --> 00:29:07.720
day six, next day seven, next day six. It's you know,

505
00:29:07.759 --> 00:29:11.039
everybody's just fitting on the sidelines for whatever reason. It's

506
00:29:11.079 --> 00:29:11.960
this momentum.

507
00:29:11.960 --> 00:29:14.039
Having some work done in my house. So we spent

508
00:29:14.160 --> 00:29:16.799
last night at the Embassy suites up at the Skyliny

509
00:29:16.839 --> 00:29:19.559
Campbell and I walked over to Flemings to try to

510
00:29:19.640 --> 00:29:21.599
grab a hamburger at their happy hour. You know that

511
00:29:22.559 --> 00:29:25.079
I wasn't really wanting to fork out two hundred dollars

512
00:29:25.119 --> 00:29:28.559
for you know, for dinner. So yeah, we got there

513
00:29:28.559 --> 00:29:30.480
in time for Hamburger and I was asking the gal

514
00:29:30.519 --> 00:29:33.079
about their business and she said, they're just swamped. M M.

515
00:29:33.119 --> 00:29:35.559
I mean, she said, we're just wall to.

516
00:29:35.599 --> 00:29:40.240
Wall so and same with us, We're we can't We're

517
00:29:40.279 --> 00:29:42.039
getting so many phone calls, so many people coming in

518
00:29:42.079 --> 00:29:43.839
for that financial plan. I don't know if it's a

519
00:29:43.880 --> 00:29:46.559
snowbird's coming back or just people flooding into they want

520
00:29:46.559 --> 00:29:47.440
to get into the market.

521
00:29:47.799 --> 00:29:50.920
Yeah, we talked before about that financial plan and the holidays,

522
00:29:51.400 --> 00:29:54.559
especially around Thanksgiving around Christmas, people tend to be doing

523
00:29:54.599 --> 00:29:57.279
other things other than thinking about their money. If you

524
00:29:57.440 --> 00:29:59.480
haven't been in to do that, that's a good time

525
00:29:59.480 --> 00:30:01.480
to do it. And I'm telling you two to three

526
00:30:01.480 --> 00:30:04.640
appointments every single day. I've been in this business for

527
00:30:04.680 --> 00:30:07.640
a long time and I've never seen anything like this.

528
00:30:08.519 --> 00:30:12.400
And not every client, and not every person who gets

529
00:30:12.400 --> 00:30:14.680
the financial plan becomes a client. If I probably less

530
00:30:14.720 --> 00:30:18.079
than half would you say, I'd say about fifty percent

531
00:30:18.759 --> 00:30:21.079
become clients. But there is no pressure to become a client, right.

532
00:30:21.079 --> 00:30:23.920
No pressure to become a client whatsoever. Very low stakes

533
00:30:23.960 --> 00:30:26.599
meeting it's really just an education based meeting and if

534
00:30:26.599 --> 00:30:29.480
we see a you know, a business relationship fit, then

535
00:30:29.519 --> 00:30:30.279
we'll go about it.

536
00:30:30.319 --> 00:30:33.599
But yeah, here's how we would do it going forward.

537
00:30:33.640 --> 00:30:35.920
And if you don't, if you'd like that, we certainly

538
00:30:35.960 --> 00:30:37.559
can talk about it. And that's the end of it.

539
00:30:38.039 --> 00:30:40.960
I have people constantly calling me or calling into the

540
00:30:41.000 --> 00:30:43.319
office and they want to use our risk analyzing tool.

541
00:30:43.680 --> 00:30:45.480
So what do they do. They just send us us

542
00:30:45.519 --> 00:30:48.400
statements of their holdings. I put each holding into that

543
00:30:48.480 --> 00:30:50.279
risk analyzing tool and I'll send it back to them.

544
00:30:50.279 --> 00:30:52.480
I don't even see them face to face sometimes, Yeah,

545
00:30:52.640 --> 00:30:54.880
and they have a nice little report to take home

546
00:30:54.920 --> 00:30:56.039
and do whatever they will with.

547
00:30:56.279 --> 00:30:58.279
It's just just a service that we do and we're

548
00:30:58.319 --> 00:31:00.160
happy to do it, and it's a risk we take.

549
00:31:00.400 --> 00:31:04.279
We invest the time and our resources in that in

550
00:31:04.319 --> 00:31:06.839
the hope that it will you'll become a client and

551
00:31:06.880 --> 00:31:08.880
if you if you do, that's wonderful, and if you don't,

552
00:31:08.920 --> 00:31:13.319
then that's that's your choice. We've got a next week's calendar.

553
00:31:14.359 --> 00:31:18.599
Earning season is winding down. We've got a number of

554
00:31:18.680 --> 00:31:22.079
reports on housing. Housing market right now is very interesting.

555
00:31:22.200 --> 00:31:25.359
We have some some existing homes sales some new home sales,

556
00:31:26.920 --> 00:31:29.720
You're going to be interesting, probably, though. The one thing

557
00:31:29.799 --> 00:31:33.240
next week that's going to move the market is in video.

558
00:31:33.440 --> 00:31:38.759
Yep in video AI has driven this market higher for

559
00:31:38.839 --> 00:31:43.240
the last eighteen months, and and video drives AI. So

560
00:31:43.920 --> 00:31:49.680
in video's quarterly report is viewed very very closely by everyone,

561
00:31:49.759 --> 00:31:52.319
and they just tear it apart to see, you know,

562
00:31:52.359 --> 00:31:54.559
look under the hood and see everything that's going on

563
00:31:54.599 --> 00:31:56.839
there to make sure that it's not slowing down yet

564
00:31:56.960 --> 00:31:59.799
not slowing down, and we're not seeing any signs of that.

565
00:32:00.359 --> 00:32:03.000
Speaking of slowing down, China down in another four percent

566
00:32:03.039 --> 00:32:06.119
of the Chinese market to a two month low last week.

567
00:32:06.359 --> 00:32:10.039
And speaking of down, oil down three dollars and forty

568
00:32:10.079 --> 00:32:11.680
cents to sixty seven dollars.

569
00:32:11.880 --> 00:32:13.960
Do you think the tariff talks have something to do

570
00:32:14.000 --> 00:32:15.400
with the China stocks being down?

571
00:32:15.680 --> 00:32:17.920
Could be, Yeah, it could be. I wouldn't want to

572
00:32:17.920 --> 00:32:21.480
be uh she right now, and I wouldn't want to

573
00:32:21.519 --> 00:32:24.559
be uh the would you say? I wouldn't want to

574
00:32:24.559 --> 00:32:28.240
be president she from China, and I wouldn't want to

575
00:32:28.279 --> 00:32:32.039
be the head of Iran right now. I don't think

576
00:32:32.079 --> 00:32:33.759
those are great. I'm not sure i'd want to be

577
00:32:33.799 --> 00:32:39.200
involved with hamas or heads blow right now. So the

578
00:32:39.240 --> 00:32:41.119
stock of the stock and all of those is going

579
00:32:41.200 --> 00:32:43.680
to be down for sure, and it's it's kind of

580
00:32:43.759 --> 00:32:47.119
nice to think that we could be strong again. That

581
00:32:47.160 --> 00:32:51.000
would be pretty cool. Oil down again, down through forty

582
00:32:51.039 --> 00:32:52.920
to sixty seven. A lot of that's due to China,

583
00:32:53.559 --> 00:32:57.720
the second world's second largest economy, used to onstall gold finally,

584
00:32:58.000 --> 00:32:59.519
Gold finally.

585
00:32:59.200 --> 00:32:59.880
Why finally?

586
00:33:00.319 --> 00:33:02.920
Well, you know we've been talking. There's no nothing to

587
00:33:02.960 --> 00:33:05.279
explain to move up in gold? Nothing.

588
00:33:05.960 --> 00:33:06.799
What about Costco?

589
00:33:07.559 --> 00:33:08.119
What about it?

590
00:33:08.200 --> 00:33:09.240
They were selling the gold?

591
00:33:10.119 --> 00:33:13.079
Yeah, and Circle Case are selling goal is really going

592
00:33:13.079 --> 00:33:16.359
to go anyway. The gold did hit a high of

593
00:33:16.400 --> 00:33:18.319
twenty seven eighty nine a couple of weeks ago. It

594
00:33:18.359 --> 00:33:21.240
was down one hundred and twenty four bucks to twenty

595
00:33:21.279 --> 00:33:23.799
five sixty four. So it's down over two hundred dollars.

596
00:33:23.960 --> 00:33:25.839
Nobody's scared in the last two weeks.

597
00:33:25.559 --> 00:33:28.640
And so I don't know that nobody's scared anymore. But

598
00:33:28.680 --> 00:33:30.480
that was one of the things we've talked about.

599
00:33:30.519 --> 00:33:34.400
And oh you know why gold went down, Yeah, Digital gold,

600
00:33:34.480 --> 00:33:35.680
Reign Supreme.

601
00:33:37.119 --> 00:33:38.119
They sold golden.

602
00:33:38.200 --> 00:33:41.480
But I'll tell you the bitcoin thing has been absolutely phenomenal.

603
00:33:41.559 --> 00:33:45.200
The bitcoin thing since, up nineteen percent, another nineteen percent

604
00:33:45.519 --> 00:33:48.519
hit ninety three thousand in the middle of the week,

605
00:33:48.799 --> 00:33:52.599
up thirty six percent since the election, because there's some

606
00:33:52.680 --> 00:33:55.680
belief that Trump can do something about bitcoin. I'm not

607
00:33:55.680 --> 00:33:55.960
sure what.

608
00:33:56.240 --> 00:33:59.279
It's not just Bitcoin, it's all the coin they're all going. Oh,

609
00:33:59.279 --> 00:34:01.559
they're all going. You know, Ethereum is actually kind of

610
00:34:01.599 --> 00:34:04.200
lagging behind, which is interesting, but most of the meme

611
00:34:04.279 --> 00:34:07.039
coins are going really crazy. Always be careful out there.

612
00:34:07.759 --> 00:34:11.519
You can see some crazy percentages that really get you excited,

613
00:34:11.559 --> 00:34:13.719
but that excitement is the same excitement you get when

614
00:34:13.760 --> 00:34:16.400
you put all your money on black right, so it's

615
00:34:16.519 --> 00:34:19.519
it's gambling. And then make sure you protect yourself. And

616
00:34:19.760 --> 00:34:22.280
every single time this story comes about in the market,

617
00:34:22.679 --> 00:34:25.679
you hear stories of really bad things happening. So don't

618
00:34:25.679 --> 00:34:30.000
be that person. Be prudent, don't get caught up in fomo,

619
00:34:30.800 --> 00:34:36.880
stay away, be prudent. Everyone's got their their fun money account.

620
00:34:36.880 --> 00:34:39.440
That's a different story, but this shouldn't be a lot

621
00:34:39.440 --> 00:34:40.199
of money account.

622
00:34:40.280 --> 00:34:41.800
It was just to give you an idea of how

623
00:34:41.840 --> 00:34:45.599
crazy it is. And was Tuesday that Trump announced the

624
00:34:45.679 --> 00:34:51.639
Department of Government Efficiency d OGE and doge coin went nuts.

625
00:34:51.960 --> 00:34:52.239
Nuts.

626
00:34:52.519 --> 00:34:54.960
Who's actually going nuts? Like three days before. I mean

627
00:34:55.119 --> 00:34:56.840
if you looked at those, it was up like two

628
00:34:56.920 --> 00:35:01.239
hundred percent in the last like since the election. Ye no, oh,

629
00:35:01.360 --> 00:35:02.159
you think it's only in tense.

630
00:35:02.199 --> 00:35:02.800
I have no idea.

631
00:35:05.639 --> 00:35:08.760
It was like sense had like a year ago.

632
00:35:10.039 --> 00:35:13.960
It absolutely has no value whatsoever. It's it's forty take

633
00:35:14.000 --> 00:35:14.440
it easy.

634
00:35:14.960 --> 00:35:18.079
There a mart of companies that we've realized have no value,

635
00:35:18.119 --> 00:35:19.719
Mark Cuban being one of them.

636
00:35:19.719 --> 00:35:23.440
You could you could buy who's Mark Cubansteen the Mavericks

637
00:35:23.519 --> 00:35:25.840
YEA sold them? Oh you sold them?

638
00:35:25.880 --> 00:35:26.960
Yeh, he's no longer the owner.

639
00:35:27.400 --> 00:35:29.400
No, you used to be able to buy Mavericks Mavericks

640
00:35:29.400 --> 00:35:33.039
tickets with doge coin. Now you can't do it.

641
00:35:33.039 --> 00:35:36.440
It is a meme and yeah, but be realistically, there's

642
00:35:36.480 --> 00:35:40.880
nothing behind the Chinese dollar either. It's just who wants

643
00:35:40.880 --> 00:35:42.039
to use it.

644
00:35:42.960 --> 00:35:45.119
The one the one thing we know for sure about

645
00:35:45.199 --> 00:35:49.320
Mark Cuban is is he's all in on Kamala. How

646
00:35:49.360 --> 00:35:50.760
did that work out? Mark? Yeah?

647
00:35:50.840 --> 00:35:52.800
No, he I think he buried the hatchet. I think

648
00:35:52.840 --> 00:35:53.760
I saw he.

649
00:35:53.719 --> 00:35:55.280
Got a little He got a little far out there

650
00:35:55.280 --> 00:35:57.880
on Kamala, which I think was maybe not probably the

651
00:35:57.880 --> 00:36:00.760
smartest thing. Anyway, we'll be back right after this break

652
00:36:00.800 --> 00:36:03.199
with more of the Money Matter Show. Welcome back to

653
00:36:03.239 --> 00:36:06.039
The Money Matter Show, segment number three. We're talking about

654
00:36:06.079 --> 00:36:10.159
the market. We're talking about the Greenberg Boys and Tucson

655
00:36:10.320 --> 00:36:14.800
High School trying to make history, and we're talking about

656
00:36:14.800 --> 00:36:17.800
where the market's going. Interest rates were the big problem

657
00:36:18.400 --> 00:36:22.039
last week, the ten year treasury after four point four

658
00:36:22.679 --> 00:36:25.519
two year treasury around four point three. I had done

659
00:36:25.559 --> 00:36:28.199
a survey about three weeks ago and it was around

660
00:36:28.280 --> 00:36:31.960
four percent for one to eight years, and then it

661
00:36:32.000 --> 00:36:34.079
went to four point one. Well, now it's four point

662
00:36:34.159 --> 00:36:37.119
three one to eight years. It goes to four point

663
00:36:37.159 --> 00:36:39.440
four if you go up higher than that, So those

664
00:36:39.519 --> 00:36:43.400
the race keep rising. I think the one thing go ahead.

665
00:36:43.519 --> 00:36:46.039
Thirty year more. Mortgage rate stayed flat on the week.

666
00:36:46.039 --> 00:36:47.760
It's still has six point seven seven, but it's going

667
00:36:47.840 --> 00:36:50.320
to increase again next week because of what happened this week.

668
00:36:50.559 --> 00:36:54.239
And you would think, you would think, and interestingly, we

669
00:36:54.280 --> 00:36:56.159
got the CPI report and we talked about that a

670
00:36:56.199 --> 00:36:59.480
little bit in the last segment, and Shelter didn't really

671
00:37:00.280 --> 00:37:02.599
Shelter was up four tenths of a percent, which was

672
00:37:02.639 --> 00:37:06.199
half of the game in the entire CPI shelter again

673
00:37:06.239 --> 00:37:10.199
about as apartments and houses, and that's about forty percent

674
00:37:10.239 --> 00:37:12.519
of the entire CPI. And we keep looking for some

675
00:37:12.599 --> 00:37:15.639
relief there because we know home prices are coming down,

676
00:37:16.639 --> 00:37:18.760
not only here but in California. I talked to my

677
00:37:18.760 --> 00:37:21.679
friends over there. We know that rents are starting to

678
00:37:21.719 --> 00:37:24.840
come down here and in California, so that's got to

679
00:37:24.880 --> 00:37:26.880
be reflected in the CPI at some point.

680
00:37:27.320 --> 00:37:28.880
I just think there is that lag effect.

681
00:37:29.239 --> 00:37:32.320
But you said four to six months, and so you

682
00:37:32.400 --> 00:37:34.679
may be right. I don't know. It certainly hasn't showed up.

683
00:37:34.800 --> 00:37:36.960
Again, I'm not the one who did the research. I mean,

684
00:37:36.960 --> 00:37:38.519
I'll be reading other people that said no.

685
00:37:38.639 --> 00:37:42.440
But if the CPI for November isn't lower, then I'm

686
00:37:42.440 --> 00:37:44.440
going to have to buy in on what you've said,

687
00:37:44.480 --> 00:37:49.480
because clearly there's weakness and housing and weakness.

688
00:37:48.960 --> 00:37:52.280
Certainly own softness, not weess over the last three months,

689
00:37:52.320 --> 00:37:55.280
you could say, probably increasingly.

690
00:37:54.679 --> 00:37:57.440
Worse, a lot more inventory than was out there. I'm

691
00:37:57.480 --> 00:38:01.039
not seeing any sould signs I've I've talked about the

692
00:38:01.079 --> 00:38:03.920
one client I have who have to sell for financial reasons,

693
00:38:03.920 --> 00:38:06.679
started her house at five to eighty in June she's

694
00:38:06.719 --> 00:38:11.039
now at four fifty, not a single offer. So it's

695
00:38:11.280 --> 00:38:15.079
it's gotten really quiet out there in the now. The

696
00:38:15.119 --> 00:38:17.679
multimillion dollar homes are still going. People are still going

697
00:38:17.719 --> 00:38:18.639
here from California.

698
00:38:19.000 --> 00:38:21.199
You know, they don't normally use the mortgage rates.

699
00:38:21.320 --> 00:38:24.360
No, I know that cash buyers, right, so the mortgage

700
00:38:24.440 --> 00:38:25.960
mortgage race don't make much difference.

701
00:38:26.039 --> 00:38:28.320
Well, while we're talking about housing, we saw a report

702
00:38:28.400 --> 00:38:32.280
this week from CNN that they had the average income needed,

703
00:38:32.280 --> 00:38:36.000
and we talked a little bit about this about California

704
00:38:36.159 --> 00:38:39.559
last week. Yep, but the average in the US is

705
00:38:39.800 --> 00:38:42.280
you need about one hundred and seven thousand household income

706
00:38:42.840 --> 00:38:46.599
to be able to qualify for the standard single family home,

707
00:38:46.639 --> 00:38:50.480
the average single family home in America. So it's pretty

708
00:38:50.880 --> 00:38:52.440
I mean, I think pretty sure. It's higher than the

709
00:38:52.480 --> 00:38:53.440
average salary.

710
00:38:53.639 --> 00:38:57.440
Well, that's why it's in most families. Both spouses work, right,

711
00:38:58.440 --> 00:39:00.840
you just have to these days. Back when I was

712
00:39:00.920 --> 00:39:03.800
raising my daughter, both spouses didn't have to work. You

713
00:39:03.840 --> 00:39:08.159
could getbye on one. Not so much anymore. One stock

714
00:39:08.239 --> 00:39:10.159
I've got to talk about that's just the probably the

715
00:39:10.239 --> 00:39:12.199
craziest thing of this whole Trump And I know you

716
00:39:12.239 --> 00:39:14.840
guys know where I'm going of this whole Trump thing.

717
00:39:14.880 --> 00:39:17.719
Of well, Bitcoin, of course probably takes the cake. But

718
00:39:18.119 --> 00:39:20.679
as far as stocks go, the one that is just

719
00:39:21.480 --> 00:39:25.960
so puzzling is Tesla so puzzling. It popped nine percent

720
00:39:26.000 --> 00:39:28.360
on Monday to a two and a half year high

721
00:39:28.800 --> 00:39:33.199
after last week's twenty nine percent surge. So that's up

722
00:39:33.440 --> 00:39:36.880
forty or fifty percent, and it was up fifty percent

723
00:39:37.159 --> 00:39:40.519
five days after the election. Fifty percent in five days.

724
00:39:41.239 --> 00:39:46.039
Finally some profit taking late Wednesday. Stock ended the week flat,

725
00:39:46.800 --> 00:39:49.719
gave up all the game, ended the week flat on Thursday,

726
00:39:50.000 --> 00:39:51.840
and this is what we kind of keep looking at.

727
00:39:52.039 --> 00:39:56.840
On Thursday, Reuters reported that the Trump transition team is

728
00:39:56.880 --> 00:40:00.400
planning to kill the seventy five hundred dollars tax credit

729
00:40:01.239 --> 00:40:08.760
for electric vehicles. Why I'm just so puzzled. Why Testlas stock?

730
00:40:08.960 --> 00:40:12.400
And we know that, we know their business has been slowing.

731
00:40:13.000 --> 00:40:15.840
They're still delivering four hundred thousand vehicles a quarter, I mean,

732
00:40:16.480 --> 00:40:17.119
but it.

733
00:40:17.079 --> 00:40:20.599
Is nothing has nothing really tangible has changed within their

734
00:40:20.639 --> 00:40:24.119
business model to warrant to warrant this rise in the stock.

735
00:40:24.119 --> 00:40:25.480
Other than maybe it's gotten worse.

736
00:40:25.960 --> 00:40:27.920
And as you said, Dave, a big part, not a

737
00:40:27.960 --> 00:40:31.320
big part, but a decent part of their businesses regulatory credits.

738
00:40:31.360 --> 00:40:35.159
They actually sell credits. They're kind of these EV credits

739
00:40:35.159 --> 00:40:37.280
that they get because they produce so much EV vehicles,

740
00:40:37.320 --> 00:40:41.760
and other auto makers actually have to buy these credits

741
00:40:41.800 --> 00:40:45.480
if they're not, you know, hitting their ESG score. So

742
00:40:46.000 --> 00:40:48.400
Tesla makes billions of dollars from these credits a year,

743
00:40:48.639 --> 00:40:51.719
and the Trump team does not want to continue these credits.

744
00:40:52.039 --> 00:40:54.000
And no, no, yeah, you wouldn't think so.

745
00:40:54.960 --> 00:40:57.000
I know, I don't get it. I don't understand why

746
00:40:57.039 --> 00:40:58.960
Tesla stock would be read hot. And you have to

747
00:40:59.000 --> 00:41:02.400
understand E s La. That's the symbol for Tesla. T

748
00:41:02.559 --> 00:41:07.880
s La is not Musk. Right, when you buy Tesla's doc,

749
00:41:08.119 --> 00:41:10.960
you are not making a bet on Elon Musk. You're

750
00:41:10.960 --> 00:41:13.079
making a bet on Tesla.

751
00:41:13.320 --> 00:41:15.840
Well, back in the game stuff days, were you buying

752
00:41:15.880 --> 00:41:17.800
game stuff or you buying Ryan Cohen?

753
00:41:19.400 --> 00:41:22.280
I think that another very interesting thing about this this.

754
00:41:22.400 --> 00:41:26.000
Buying roaring Kitty, that's what they were buying.

755
00:41:26.440 --> 00:41:29.599
Yeah, I guess another very interesting thing about this Tesla

756
00:41:29.719 --> 00:41:35.639
story is that in twenty twenty six, a record number

757
00:41:35.719 --> 00:41:38.519
of Tesla vehicles are going to be coming off of

758
00:41:38.639 --> 00:41:42.480
leath and flooding the used car market. So for the

759
00:41:42.519 --> 00:41:44.880
first time, you're actually going to be able to have

760
00:41:45.079 --> 00:41:50.360
quite a handsome selection of youth Tesla's, which might dissuade

761
00:41:50.400 --> 00:41:54.480
you from buying one from Elon. So it just seems

762
00:41:54.519 --> 00:42:00.719
to me that it's it's just a silly speculation. And

763
00:42:00.760 --> 00:42:05.000
I don't understand what Trump can do. And I understand

764
00:42:05.039 --> 00:42:10.440
Trump is rewards loyalty. We saw that with Gate Gates,

765
00:42:10.480 --> 00:42:16.639
with Matt Gates right nominated for Attorney General, really okay,

766
00:42:17.239 --> 00:42:20.400
and then Robert F. Kennedy for the Health and Human Services,

767
00:42:21.039 --> 00:42:24.880
and so he rewards loyalty. We get that. And Musk

768
00:42:25.000 --> 00:42:27.519
was as loyal as anybody, did as much for Trump

769
00:42:27.559 --> 00:42:30.320
as you could possibly do, and Trump is going to

770
00:42:30.360 --> 00:42:33.000
reward him. I just can't. I just don't understand how.

771
00:42:32.960 --> 00:42:37.719
Well those that's how and potentially somehow you could see maybe,

772
00:42:37.760 --> 00:42:38.559
but I don't.

773
00:42:38.679 --> 00:42:40.840
But how does that affect Tesla stock?

774
00:42:41.079 --> 00:42:46.320
Well, maybe free up some red tape. I don't know.

775
00:42:46.400 --> 00:42:48.280
I know, but if you're taking away and I guess

776
00:42:48.320 --> 00:42:50.000
the other side of that is if you take away

777
00:42:50.000 --> 00:42:53.280
the seventy five hundred dollars tax credit. Remember Tesla's are

778
00:42:53.280 --> 00:42:56.559
pretty expensive vehicles. You're not going to be buying a

779
00:42:56.599 --> 00:43:00.280
Tesla if you're poor, it's just not you're not going

780
00:43:00.280 --> 00:43:03.719
to and so so, and there are income limits on

781
00:43:03.760 --> 00:43:07.599
that seventy five hundred dollars credit. Also, fifty percent of

782
00:43:07.599 --> 00:43:10.280
the electric vehicles that are purchased are leased, and you

783
00:43:10.280 --> 00:43:12.960
don't get the tax credit when you lease. So if

784
00:43:12.960 --> 00:43:15.199
you don't get the tax credit when you're leased, and

785
00:43:15.400 --> 00:43:19.360
probably a good half of the people that by teslas

786
00:43:19.360 --> 00:43:22.719
don't qualify for the seventy five hundred dollars credit, maybe

787
00:43:22.760 --> 00:43:24.159
it really isn't a big deal.

788
00:43:24.480 --> 00:43:28.239
Right, that's potentially, But also on top of that is

789
00:43:28.400 --> 00:43:32.400
Doze giving him some type of power that we haven't

790
00:43:32.400 --> 00:43:34.440
seen a CEO have in the past.

791
00:43:34.679 --> 00:43:38.239
Potentially, Now what now you can feel dog, who's the

792
00:43:38.280 --> 00:43:41.320
department of the Department of Government efficiency, that's what you're

793
00:43:41.320 --> 00:43:42.480
talking about? Yeah, right, okay?

794
00:43:42.480 --> 00:43:45.280
And must which is so crazy because Elon Musk, for

795
00:43:45.320 --> 00:43:48.400
most people don't know, doge coin was The doge coin

796
00:43:48.840 --> 00:43:51.760
was created in twenty thirteen by Elon Musk and friends

797
00:43:52.079 --> 00:43:54.559
and it was based on a meme, the doge Meme

798
00:43:54.679 --> 00:43:55.280
in twenty thirty.

799
00:43:55.360 --> 00:43:55.880
It was a joke.

800
00:43:56.119 --> 00:43:58.119
It was a joke, but Elon Musk was behind it.

801
00:43:58.199 --> 00:44:02.280
And he knew the team's going on and uh and

802
00:44:02.320 --> 00:44:05.480
now he's he's also made DOGE for the actual United

803
00:44:05.480 --> 00:44:08.360
States of America. It's pretty impressive.

804
00:44:09.559 --> 00:44:12.880
He's an impressive guy. But again, to to cap off

805
00:44:13.480 --> 00:44:17.519
the segment, I don't think Tesla stock is where a

806
00:44:17.559 --> 00:44:19.800
person ought to be putting money if they're betting on

807
00:44:19.840 --> 00:44:22.199
Elon Musk, because it does not bet on Elon.

808
00:44:22.039 --> 00:44:24.000
Musk, especially not after this run up. You got a

809
00:44:24.000 --> 00:44:25.679
lot of growth priced into that stock.

810
00:44:25.480 --> 00:44:26.199
A lot of growth.

811
00:44:26.239 --> 00:44:26.960
They got to prove it.

812
00:44:27.159 --> 00:44:29.920
Yeah, and the stock sto this giant rally got the

813
00:44:29.920 --> 00:44:32.400
stock back to about what up about five percent on

814
00:44:32.440 --> 00:44:34.639
the year. Yeah, look at that that in the toilet.

815
00:44:34.679 --> 00:44:36.760
Look at that pe ratio next time you're looking to

816
00:44:37.159 --> 00:44:39.159
Tesla and see how much your belief is.

817
00:44:39.159 --> 00:44:41.400
Then weren't you talking about Elon Musk having to sell

818
00:44:41.440 --> 00:44:44.079
his Tesla's stock if he becomes part of Doge.

819
00:44:44.280 --> 00:44:47.199
No, he doesn't. The idea was if he's part of

820
00:44:47.239 --> 00:44:49.400
the government, he can't be a CEO, and that's true

821
00:44:49.400 --> 00:44:52.280
because there's obviously a conflict of interest there. But the

822
00:44:52.320 --> 00:44:55.199
way this is set up outside of the government, he doesn't.

823
00:44:55.239 --> 00:44:55.920
He pretty much can.

824
00:44:55.960 --> 00:44:57.800
It won't affect him that, Yeah, we probably.

825
00:44:57.480 --> 00:45:01.119
Need to collage that other than DOGE because of the right.

826
00:45:01.639 --> 00:45:04.280
So how about government efficiency, just the Department of Government

827
00:45:04.280 --> 00:45:07.559
Efficiency or something like that. I like those? You like those?

828
00:45:07.679 --> 00:45:08.920
He just used context.

829
00:45:10.719 --> 00:45:11.280
Very confused.

830
00:45:11.320 --> 00:45:12.920
I mean, if I'm not talking about the casino, you

831
00:45:12.960 --> 00:45:15.719
should know what I'm talking about. The But hey, you

832
00:45:15.760 --> 00:45:17.559
know what I really am excited about is that our

833
00:45:17.679 --> 00:45:20.480
FK appointment to the Human Health I mean, I think

834
00:45:20.519 --> 00:45:23.239
that's gonna do. I think that's gonna be one of

835
00:45:23.320 --> 00:45:26.800
the best things for our country, honestly in a very

836
00:45:26.800 --> 00:45:28.119
long time. What's wrong, Dave?

837
00:45:28.320 --> 00:45:33.840
The chances of Robert Kennedy or Matt Gates being approved

838
00:45:33.880 --> 00:45:36.440
by the Senate are at very best fifty to fifty

839
00:45:36.880 --> 00:45:37.599
at very best.

840
00:45:37.960 --> 00:45:41.320
Well, we're gonna have to check the prediction odds, the markets,

841
00:45:41.480 --> 00:45:44.360
because such a thing. I'm gonna look him up after

842
00:45:44.400 --> 00:45:47.079
the break. But yeah, no, I I hear what you're saying,

843
00:45:47.440 --> 00:45:49.199
Matt Gates. I've heard a lot of people say there's

844
00:45:49.199 --> 00:45:51.199
no way he's gonna get you know, I would be

845
00:45:51.239 --> 00:45:54.039
find seeing him get approved of super fine, seeing r

846
00:45:54.079 --> 00:45:56.199
F case get approved. We have a problem. I mean,

847
00:45:56.239 --> 00:45:59.679
and you also saw you know, pharmaceutical stocks are getting

848
00:45:59.719 --> 00:46:01.440
kind of hard the last couple of days, with the

849
00:46:01.440 --> 00:46:03.800
idea that RFK might be the one in there, you know,

850
00:46:03.840 --> 00:46:07.000
because they can't get away with the bad practices they've

851
00:46:07.000 --> 00:46:07.840
had for decades.

852
00:46:08.000 --> 00:46:10.639
I want to talk about that at length in the

853
00:46:10.679 --> 00:46:13.280
first half of the next segment and first half of

854
00:46:13.280 --> 00:46:15.280
the second half of the show, Todd, if you don't

855
00:46:15.280 --> 00:46:19.800
mind crypto again, all the stocks related to A ninety

856
00:46:19.800 --> 00:46:22.480
three thousand got to ninety three thousand, and it backed

857
00:46:22.519 --> 00:46:23.760
off to what about eighty seven?

858
00:46:24.039 --> 00:46:24.920
Yeah, I think it was.

859
00:46:24.960 --> 00:46:26.679
It would have finished the week about eighty nine.

860
00:46:27.119 --> 00:46:29.320
No, it's not finished ninety one. The back of the

861
00:46:29.360 --> 00:46:33.079
ninety one under the strong micro strategy. Man, that thing's crazy.

862
00:46:33.079 --> 00:46:35.840
Bitcoin up thirteen percent on the week. Micro Strategy. This

863
00:46:35.880 --> 00:46:38.039
is a company that pretty much just buys bitcoin. They

864
00:46:38.039 --> 00:46:40.039
do have some like AI stuff involved in it. They

865
00:46:40.079 --> 00:46:42.719
pretty much just buy bitcoin. Up twenty six percent on

866
00:46:42.760 --> 00:46:45.320
the week. Wow, and they just they just hold b

867
00:46:45.519 --> 00:46:48.159
They have what about your date, David, Listen to this

868
00:46:48.320 --> 00:46:52.280
two hundred and seventy two thousand bitcoin they hold. They

869
00:46:52.320 --> 00:46:55.880
made five billion dollars in two days because of bitcoin's

870
00:46:55.920 --> 00:46:58.880
huge price increase, and they're up over six hundred percent

871
00:46:58.880 --> 00:46:59.639
over the last year.

872
00:47:00.440 --> 00:47:03.159
This stock is I did elderly client call me before

873
00:47:03.159 --> 00:47:05.079
the elections. I want to put twenty percent of my

874
00:47:05.119 --> 00:47:08.920
account in bitcoin in his eighties. I said, you can't

875
00:47:08.920 --> 00:47:11.599
put twenty percent of your account bitcoin. Well, what will

876
00:47:11.599 --> 00:47:13.960
you allow me to do? I said, well, how about

877
00:47:14.239 --> 00:47:17.480
three percent? We put three percent. You know he hasn't

878
00:47:17.480 --> 00:47:20.039
he hasn't said anything, but I'm sure he's thinking, Oh, man,

879
00:47:20.079 --> 00:47:24.920
if i'd only just ignored him, and you know, you

880
00:47:25.079 --> 00:47:26.800
just got it and in this minute, you've just got

881
00:47:26.800 --> 00:47:27.320
to be careful.

882
00:47:27.360 --> 00:47:29.800
You can't this way to wait until it comes back down.

883
00:47:29.880 --> 00:47:31.239
Well, I mean, what if he's a lost, what if

884
00:47:31.239 --> 00:47:36.000
Trumpet lost? I mean, the thing is going going into toilet. Anyway,

885
00:47:36.039 --> 00:47:38.920
We'll be back with the second half of the Moneymatter Show,

886
00:47:39.119 --> 00:47:41.519
talking a lot more about all this fun stuff right

887
00:47:41.559 --> 00:47:43.320
after this break. Thanks again for joining us.

888
00:47:43.760 --> 00:47:45.920
Welcome back to the Money Matter Show. My names Sebastian

889
00:47:45.960 --> 00:47:48.360
Borer seeing him here with David Sherwood, Todd Click Junior,

890
00:47:48.480 --> 00:47:51.760
Dylan Greenberg, and Dean Greenberg are hopefully winning a playoff

891
00:47:51.800 --> 00:47:52.280
game tonight.

892
00:47:53.119 --> 00:47:54.559
Go Badgers, Go Badgers.

893
00:47:54.679 --> 00:47:56.880
Let's get into the numbers that was down one point

894
00:47:56.880 --> 00:47:58.679
two percent. This week, the S and P five hundred

895
00:47:58.719 --> 00:48:01.280
is down two point one percent, the NASAUG was down

896
00:48:01.320 --> 00:48:04.239
three point one percent. The Russell two thousand small cops

897
00:48:04.280 --> 00:48:08.039
was down four percents equal weight to smp RSP down

898
00:48:08.079 --> 00:48:09.519
one point seven percent on the week.

899
00:48:09.920 --> 00:48:12.400
SMB five hundreds is now two point four percent off

900
00:48:12.400 --> 00:48:15.400
of the high, but thirty one percent off of the low.

901
00:48:16.239 --> 00:48:18.719
That's a pretty that's a pretty strong move. And we

902
00:48:18.800 --> 00:48:21.760
mentioned in the first segment that every week for the

903
00:48:21.840 --> 00:48:25.519
last month we've set new all time highs in all

904
00:48:25.559 --> 00:48:28.119
of the major indites, but three of those four weeks

905
00:48:28.320 --> 00:48:32.639
the markets finished down. Kind of interesting, you know, sometime

906
00:48:32.719 --> 00:48:35.320
during the week there was a spike up and then

907
00:48:35.360 --> 00:48:37.679
it drifted off and finished the lower three or four

908
00:48:37.719 --> 00:48:41.639
weeks down. Now, November, December, January historically the best three

909
00:48:41.639 --> 00:48:45.280
months of the year for the market. And with that said,

910
00:48:45.920 --> 00:48:48.159
and that those three months account for fifty percent of

911
00:48:48.199 --> 00:48:52.480
all games historically. The three months we're in right now, however,

912
00:48:53.519 --> 00:48:56.800
August and September are historically difficult months, and I'm sorry,

913
00:48:56.800 --> 00:49:00.000
September October are historically difficult months, and they were both

914
00:49:00.039 --> 00:49:02.519
pretty good this year, So maybe we ate up some

915
00:49:02.639 --> 00:49:06.119
of that gain that you'd expect in November, December, January.

916
00:49:07.199 --> 00:49:10.480
I and Dean were looking at a report that he follows,

917
00:49:10.679 --> 00:49:13.079
and it was comparing this chart that we're seeing on

918
00:49:13.119 --> 00:49:15.320
the SMP to the nineteen sixty four chart, and it

919
00:49:15.320 --> 00:49:18.280
looked very similar. And that is kind of looking how

920
00:49:18.320 --> 00:49:21.320
we have this pattern forming and there is a potential

921
00:49:21.320 --> 00:49:24.079
that we kind of sell off into this late second

922
00:49:24.119 --> 00:49:27.360
half of November and potentially start a rally into the

923
00:49:27.400 --> 00:49:29.480
beginning of December, into the end of the year and

924
00:49:29.559 --> 00:49:32.639
into the January February. So you're right, Dave, I mean,

925
00:49:32.760 --> 00:49:36.480
you had really bad months, actually performed well pretty much.

926
00:49:36.719 --> 00:49:39.480
I think only had one bad month this year alone.

927
00:49:39.840 --> 00:49:42.719
So the probability that we have some type of pullback,

928
00:49:42.800 --> 00:49:46.079
especially after hitting a big six thousand number, you got

929
00:49:46.119 --> 00:49:49.239
a lot of profit taking. You just had sell the event,

930
00:49:49.360 --> 00:49:52.199
which is the election, right. The only thing that could

931
00:49:52.239 --> 00:49:55.239
really push this market to new all time has again

932
00:49:55.760 --> 00:49:58.679
is next week we got big Navidia reporting earning. It's

933
00:49:58.719 --> 00:50:01.480
the biggest company in the world. Yes, that will obviously

934
00:50:01.559 --> 00:50:05.639
impact markets what they say their guidance. So that's that's

935
00:50:05.679 --> 00:50:07.679
the only thing that you can really point to. I

936
00:50:07.719 --> 00:50:10.639
thought was interesting on election night. The Russell two thousand

937
00:50:10.639 --> 00:50:14.880
small caps really popped off down this week four percent,

938
00:50:14.920 --> 00:50:18.079
still up five percent on the month. It was said

939
00:50:18.079 --> 00:50:21.000
to by the commentators on the TV that this was

940
00:50:21.039 --> 00:50:23.320
kind of a repetition of the Trump trade from twenty

941
00:50:23.360 --> 00:50:25.760
sixteen to twenty twenty. Maybe small caps had a great year,

942
00:50:26.079 --> 00:50:29.039
great years in that in those four years, But I

943
00:50:29.079 --> 00:50:31.519
don't really see how, you know, with rates, you know,

944
00:50:31.559 --> 00:50:34.559
being higher, how small caps are going to be the

945
00:50:34.559 --> 00:50:35.079
place to be.

946
00:50:35.239 --> 00:50:38.000
In Trump You can certainly understand how somebody might go

947
00:50:38.039 --> 00:50:40.880
back to twenty sixteen and go, okay, so what happened?

948
00:50:40.920 --> 00:50:45.159
You know, right? What what performed well? Because it's like

949
00:50:45.199 --> 00:50:48.800
these people that are all goofy crazy about all these

950
00:50:48.960 --> 00:50:52.039
crazy stupid things he's going to do, right that you

951
00:50:52.119 --> 00:50:53.800
hear about, you know, oh he's gonna do this or this,

952
00:50:54.159 --> 00:50:56.800
And you know, he was president for four years, he

953
00:50:56.840 --> 00:50:58.840
didn't do any of that stuff. What what makes you

954
00:50:58.920 --> 00:51:00.000
think that that's gonna happen.

955
00:51:00.079 --> 00:51:01.360
He's going to have him this time around.

956
00:51:01.559 --> 00:51:04.119
Yeah, it just it just freaks out. We talked a

957
00:51:04.119 --> 00:51:07.639
little bit on the last segment about the weight loss drugs.

958
00:51:07.880 --> 00:51:10.159
I'd like to dive into that a little bit further

959
00:51:10.840 --> 00:51:14.239
the weight loss drugs or one weight loss drugs.

960
00:51:14.599 --> 00:51:16.840
I was referring to pharmaceutical as a whole. But yeah,

961
00:51:16.840 --> 00:51:17.679
he's talking about.

962
00:51:17.800 --> 00:51:19.639
Yeah, but that's but you know when you're talking about

963
00:51:19.639 --> 00:51:22.679
pharmaceuticals and and how do you write pharmaceuticals. Had a

964
00:51:22.760 --> 00:51:26.960
rough week primarily because of Robert Kenadedy being nominated for

965
00:51:27.039 --> 00:51:30.440
Health and Human Services and fear about what he can do.

966
00:51:30.960 --> 00:51:35.719
He's a little unhinged and a little on your opinion, yeah,

967
00:51:35.880 --> 00:51:37.440
a little orthodox.

968
00:51:37.480 --> 00:51:38.960
Not that what do you say, see best.

969
00:51:39.719 --> 00:51:42.639
I don't have I haven't formulated an opinion because I don't.

970
00:51:42.480 --> 00:51:44.719
Know enough nine Hin was wrong to be honest with

971
00:51:44.760 --> 00:51:48.440
the wrong term unorthodox, unorthodox. I got a lot of

972
00:51:48.880 --> 00:51:52.599
he's got a lot of views that are not mainstream views.

973
00:51:53.400 --> 00:51:55.239
I just like the idea of what he's going to

974
00:51:55.320 --> 00:51:58.119
do with our food. Right, Why why does Canada have

975
00:51:58.280 --> 00:52:02.320
sixteen ingredients and or why does Europe have three ingredients

976
00:52:02.320 --> 00:52:04.199
in their fruit loops while we have sixteen?

977
00:52:04.639 --> 00:52:04.800
Right?

978
00:52:04.920 --> 00:52:05.840
That doesn't make sense to me.

979
00:52:06.079 --> 00:52:08.920
But we do certain things with our farming that other

980
00:52:08.960 --> 00:52:12.280
countries don't do. We use certain incesticides and when you

981
00:52:12.400 --> 00:52:14.679
go into the weeds of it and it sound like

982
00:52:14.719 --> 00:52:17.719
a conspiracy theorists. But again, you can look at the

983
00:52:17.760 --> 00:52:20.639
evidence and look at IQ's and look at the things

984
00:52:20.679 --> 00:52:23.440
we're putting into our foods, look at the way health

985
00:52:24.360 --> 00:52:28.519
trends progress over the years. It doesn't correlate to other

986
00:52:28.559 --> 00:52:31.519
countries that are in similar developed nations. So there is

987
00:52:31.559 --> 00:52:33.599
a reason this is happening to our country and we

988
00:52:33.639 --> 00:52:34.280
need to fix it.

989
00:52:34.400 --> 00:52:36.639
Right, But there is still need for things like factory

990
00:52:36.679 --> 00:52:40.760
farming for example. Like we're not going that extreme, right, We.

991
00:52:40.800 --> 00:52:43.480
Have a lot of people you got, yeah, right, yeah, yeah,

992
00:52:43.480 --> 00:52:45.400
we need Yeah, that's what I'm saying. What we also

993
00:52:45.440 --> 00:52:48.800
don't have is you know, it's illegal to film a

994
00:52:48.840 --> 00:52:50.880
factory farm, Like you actually can't like go in there

995
00:52:50.880 --> 00:52:53.519
and report on it. This was based on one of

996
00:52:53.519 --> 00:52:56.760
the old books in the early nineteen hundreds, It's Something

997
00:52:56.800 --> 00:53:01.119
to Jungle, and it was a famous journalist farm Bridge. No, no,

998
00:53:01.239 --> 00:53:05.320
it was a famous journalist that exposed the factory farming

999
00:53:05.400 --> 00:53:07.719
and really how disgusting the food system was in the

1000
00:53:07.719 --> 00:53:10.360
early nineteen hundreds in America, and it brought over the

1001
00:53:10.400 --> 00:53:14.360
early yeah, in the earlier part yeah.

1002
00:53:15.440 --> 00:53:18.039
Nineteen twenty yeah, that yeah, who cares. That was one

1003
00:53:18.119 --> 00:53:18.880
hundred years ago.

1004
00:53:19.559 --> 00:53:21.760
Okay, well they also like the Spanish flew back then.

1005
00:53:21.960 --> 00:53:24.800
That was whatever. History doesn't matter today.

1006
00:53:24.760 --> 00:53:26.599
But no it mattered, but one hundred years ago is

1007
00:53:26.599 --> 00:53:29.320
not going to be How did they how did they

1008
00:53:29.320 --> 00:53:31.039
plant the crops? Gee? I bet with a horse.

1009
00:53:31.119 --> 00:53:33.920
No, I said, ever since then, really, ever since then?

1010
00:53:33.920 --> 00:53:34.800
I'm a tractor.

1011
00:53:34.880 --> 00:53:37.320
When that was released, the government made it illegal to

1012
00:53:37.480 --> 00:53:39.400
actually show people what's going on.

1013
00:53:40.719 --> 00:53:43.280
That I would like to to have to. I have

1014
00:53:43.280 --> 00:53:44.519
to research that a little bit more.

1015
00:53:44.559 --> 00:53:46.440
What's going on with the GLP one drugs.

1016
00:53:46.800 --> 00:53:48.760
It was interesting. It was an interesting week because they

1017
00:53:49.039 --> 00:53:52.320
they came under pressure after an after an analyst at

1018
00:53:52.400 --> 00:53:58.159
Cantor Fitzgerald saw a review of Amine's new weight loss

1019
00:53:58.239 --> 00:54:02.320
drug and did to dive into the numbers, and they

1020
00:54:02.400 --> 00:54:06.599
reported a four percent drop in bone density in just

1021
00:54:06.679 --> 00:54:10.360
twelve weeks. And of course, no one wants to take

1022
00:54:10.400 --> 00:54:12.880
a drug that's going to reduce your bone density by

1023
00:54:12.880 --> 00:54:16.239
four percent in twelve weeks, and stock dropped ten percent

1024
00:54:16.320 --> 00:54:18.440
while they denied it left and right. We know that

1025
00:54:19.079 --> 00:54:22.559
bone and muscle loss have long been know inside effects

1026
00:54:22.960 --> 00:54:26.199
of weight loss drugs, and said no, no, this is

1027
00:54:26.559 --> 00:54:29.440
they've got it all wrong. So anyway, the analyst stood

1028
00:54:29.440 --> 00:54:32.880
by her report, and if that were the case, this

1029
00:54:32.960 --> 00:54:40.119
new drug is going nowhere. And then Lily and Nova Nordics,

1030
00:54:40.559 --> 00:54:43.360
who manufactured the GLP one drugs, they're the leaders in

1031
00:54:43.400 --> 00:54:49.000
those areas. After Robert Kennedy was nominated by Trump to

1032
00:54:49.039 --> 00:54:51.519
head up Health and Human Services Man, they just got.

1033
00:54:51.320 --> 00:54:54.199
Blasted Viking Therapeutics along with those.

1034
00:54:54.280 --> 00:54:57.320
Yeah, well Viking for sure. You know the difference between

1035
00:54:57.880 --> 00:55:01.199
Lily and Novo Nordisks and Viking is Lily and Nova

1036
00:55:01.239 --> 00:55:06.119
Nordics actually do have businesses right right, Where is the

1037
00:55:06.880 --> 00:55:08.159
Nova Novavacs?

1038
00:55:08.199 --> 00:55:09.840
And for example, you see it on the price action.

1039
00:55:09.960 --> 00:55:12.119
Nova was down in the past weeks five and a

1040
00:55:12.159 --> 00:55:15.880
half percent, while Viking Therapeutics was down twenty five percent.

1041
00:55:15.960 --> 00:55:18.519
Yeah, Lily down ten percent. There was a company back

1042
00:55:18.599 --> 00:55:21.440
during the pandemic called Novavaks, and we talked about it some.

1043
00:55:21.519 --> 00:55:23.679
It was a two dollars stock. It went to I

1044
00:55:23.719 --> 00:55:28.320
think three hundred and then back to two. The company

1045
00:55:28.360 --> 00:55:31.559
still exists. I think it's trading around seven right now.

1046
00:55:31.960 --> 00:55:35.480
But they came up with a different way to approach

1047
00:55:35.559 --> 00:55:41.119
the virus, the COVID virus, and got FDA approval right

1048
00:55:41.199 --> 00:55:44.280
after the thing was all over. You know. Not only that,

1049
00:55:44.320 --> 00:55:45.719
but they had to have they had to come up

1050
00:55:45.719 --> 00:55:49.159
with a manufacturing facility. Because they're a developmental drug company.

1051
00:55:49.280 --> 00:55:51.920
They had no way to manufacture what they'd come up with.

1052
00:55:53.079 --> 00:55:55.559
And I think that's where Viking Therapeutics is.

1053
00:55:55.719 --> 00:55:57.400
You took this report as kind of a cause for

1054
00:55:57.440 --> 00:55:59.119
a concern for these companies, right.

1055
00:55:59.840 --> 00:56:03.880
I think the biggest concern for these companies is Robert

1056
00:56:03.960 --> 00:56:08.360
Kennedy and what he could potentially do. He has long

1057
00:56:08.440 --> 00:56:13.840
been anti vacks, He has been anti GLP weight loss drugs.

1058
00:56:13.920 --> 00:56:17.400
He thinks that people ought to just put the fork down. Well,

1059
00:56:17.400 --> 00:56:19.280
we know from some of the guests we've had here

1060
00:56:19.360 --> 00:56:22.840
that that is not always possible for some people.

1061
00:56:24.039 --> 00:56:25.760
When you were talking about it with me earlier, I

1062
00:56:25.760 --> 00:56:27.360
thought that you were saying that it's going to decrease

1063
00:56:27.400 --> 00:56:29.599
the demand in some sense, because less people are going

1064
00:56:29.639 --> 00:56:32.760
to want to buy a drug that decreases their bone density.

1065
00:56:32.400 --> 00:56:35.159
No question. I think the newest engine drug which he

1066
00:56:35.280 --> 00:56:37.840
either has to be reconfigured or.

1067
00:56:38.079 --> 00:56:40.199
Well, and I absolutely agree with you who wants to

1068
00:56:40.239 --> 00:56:41.679
lose bone density?

1069
00:56:41.760 --> 00:56:41.920
Right?

1070
00:56:41.960 --> 00:56:43.840
But I think that when you get to the point

1071
00:56:43.840 --> 00:56:46.559
in your life and you're overweight, you might just trade

1072
00:56:46.599 --> 00:56:48.239
it off. You might do it anyway.

1073
00:56:48.360 --> 00:56:50.599
It's hard to say, it's hard to see. You're absolutely right,

1074
00:56:50.639 --> 00:56:54.480
and they've shown that there are a ton of benefits

1075
00:56:54.599 --> 00:56:57.719
to these weight loss drugs. Whether it be ozambic or

1076
00:56:57.800 --> 00:57:00.800
maja or zep bound doesn't matter. I mean that they

1077
00:57:01.400 --> 00:57:03.559
people that lose thirty or forty pounds are going to

1078
00:57:03.599 --> 00:57:06.760
be healthier people. Do you do it at the expense

1079
00:57:06.800 --> 00:57:14.119
of bone and muscle perhaps? And is it a lifetime commitment?

1080
00:57:14.480 --> 00:57:15.239
It appears to be.

1081
00:57:15.559 --> 00:57:16.280
It appears to be.

1082
00:57:16.360 --> 00:57:18.599
Yeah, it appears to be once you start taking ozempic

1083
00:57:18.719 --> 00:57:20.559
or any of these that you're going to continue to

1084
00:57:20.559 --> 00:57:23.719
take them for life, which makes for a really really

1085
00:57:23.760 --> 00:57:29.239
good product if you're selling this product that someone who

1086
00:57:29.280 --> 00:57:32.559
gets on it and goes from two fifty to one

1087
00:57:32.719 --> 00:57:35.280
eighty has to keep taking it for the rest of

1088
00:57:35.280 --> 00:57:35.840
their life.

1089
00:57:35.880 --> 00:57:37.639
And at the same time, though, let's not forget that

1090
00:57:37.679 --> 00:57:42.679
this was a drug made for diabet diabetics, right, Diabetics

1091
00:57:42.719 --> 00:57:44.559
use this drug and it's an amazing drug for them

1092
00:57:44.599 --> 00:57:48.360
because of the insoluence resistance. Right, It's I just I

1093
00:57:48.360 --> 00:57:50.599
think it's going to I think they're gonna be okay.

1094
00:57:50.800 --> 00:57:52.800
I think the GLP one companies are going to be fine.

1095
00:57:53.000 --> 00:57:53.840
I think that right now.

1096
00:57:54.119 --> 00:57:56.760
The issue is the price earnings. We've talked about that

1097
00:57:56.840 --> 00:57:59.679
sure a while, their price to their affection. So yeah,

1098
00:57:59.760 --> 00:58:01.599
if you get everyone on it, you'll be fine.

1099
00:58:01.840 --> 00:58:07.320
Yeah, lit least price Arny racials five times all of

1100
00:58:07.320 --> 00:58:10.320
the other drug companies. But even though the merchs and

1101
00:58:10.400 --> 00:58:13.519
the pfizers has got hammered on the Robert Kennedy thing.

1102
00:58:14.199 --> 00:58:15.719
So nomination what.

1103
00:58:15.639 --> 00:58:18.000
I was talking about earlier is called the Jungle by

1104
00:58:18.039 --> 00:58:21.719
Upton Sinclair was It was released in nineteen oh six,

1105
00:58:22.079 --> 00:58:25.920
and it led to a lot of reform acts, the

1106
00:58:25.960 --> 00:58:28.840
Pure Food and Drugged Act and the Meat Inspection Act. Today,

1107
00:58:28.880 --> 00:58:33.360
there's something called agog ag gag laws where journalists are

1108
00:58:33.400 --> 00:58:38.159
not allowed to do undercover investigations and it prevents unauthorized

1109
00:58:38.159 --> 00:58:43.239
documentation by the owner. And so yeah, these are by

1110
00:58:43.519 --> 00:58:46.760
each state though so in certain states it's been struck down,

1111
00:58:47.079 --> 00:58:50.679
like Idaho, Utah. Our state doesn't have an ag ag

1112
00:58:50.760 --> 00:58:53.599
gag legislation. But those are the type of things where

1113
00:58:54.599 --> 00:58:57.679
those journalists can't actually take a picture of how bad

1114
00:58:57.719 --> 00:59:00.800
factory farming is. That's why we don't have that much documentation.

1115
00:59:01.079 --> 00:59:03.000
We hear horror stories about how bad it is, but

1116
00:59:03.039 --> 00:59:05.679
we actually don't know what it necessarily looks like these days.

1117
00:59:05.719 --> 00:59:08.199
I'm sure it's horrible, but you take factory farming away,

1118
00:59:08.320 --> 00:59:09.480
then nobody's gonna eat.

1119
00:59:09.559 --> 00:59:13.840
So that's not necessarily true because also the only reason

1120
00:59:14.039 --> 00:59:16.079
that we're producing so much food is because we don't

1121
00:59:16.079 --> 00:59:20.320
produce quality food. So you have to look at it

1122
00:59:20.320 --> 00:59:22.840
from both ends of the spectrum. Just because you're giving

1123
00:59:22.840 --> 00:59:25.199
people a lot of something that's bad, is that better

1124
00:59:25.239 --> 00:59:28.320
than giving a smaller amount that's good.

1125
00:59:29.079 --> 00:59:31.519
We heard about what the what the the nomination of

1126
00:59:31.599 --> 00:59:34.000
Robert Kennedy did to the GLP weight loss drugs, So

1127
00:59:34.159 --> 00:59:38.320
how about Amazon's announcement on Thursday that Prime members are

1128
00:59:38.360 --> 00:59:42.440
going to be able to access new fixed pricing for

1129
00:59:42.559 --> 00:59:47.880
the treatment of erectile dysfunction and mensari loss. Now, there's

1130
00:59:47.920 --> 00:59:54.239
probably no bigger market than erectile dysfunction and mensari loss.

1131
00:59:54.559 --> 00:59:58.320
Those are those are huge markets, but nobody wants to

1132
00:59:58.480 --> 01:00:01.039
and nobody wants to compete with Amazon on right. So

1133
01:00:01.639 --> 01:00:06.199
who decided they wanted to make the GLP one drugs

1134
01:00:06.840 --> 01:00:09.800
the compound pharmacies right like Hymns and hers And the

1135
01:00:09.840 --> 01:00:12.880
stock jumped up. Guess what happened to hims and hers

1136
01:00:12.920 --> 01:00:15.920
after Amazon said they're going to compete with them? Down

1137
01:00:15.960 --> 01:00:19.480
twenty percent, down twenty percent. Stock at more than double

1138
01:00:19.559 --> 01:00:23.280
this year because the FDA had given them that ability

1139
01:00:23.360 --> 01:00:28.119
to produce the GLP one weight loss drugs. Well, if

1140
01:00:28.159 --> 01:00:30.800
the Amazon's going to get into the air rectile dysfunction

1141
01:00:30.920 --> 01:00:32.840
and hair loss market.

1142
01:00:33.079 --> 01:00:36.000
Yike, why is that market getting so big?

1143
01:00:36.360 --> 01:00:38.400
Because people because our food is so bad.

1144
01:00:38.599 --> 01:00:41.400
It all goes back to the right.

1145
01:00:42.039 --> 01:00:45.199
There you go, there you go, there's flooride in our water.

1146
01:00:45.280 --> 01:00:46.599
We got to fix these things.

1147
01:00:46.800 --> 01:00:49.239
No, you think about what happens, what happens, what often

1148
01:00:49.320 --> 01:00:53.119
happens with men as they get older, and those two things.

1149
01:00:53.480 --> 01:00:56.000
And I there aren't too many men out there that

1150
01:00:56.199 --> 01:00:57.000
really I get.

1151
01:00:56.880 --> 01:00:59.519
It, But there's so many. There's just so many companies

1152
01:00:59.519 --> 01:01:01.440
out there now for look.

1153
01:01:01.320 --> 01:01:04.400
At it, look at the tech per man Over the

1154
01:01:04.440 --> 01:01:06.320
course of the last few I believe it, it has

1155
01:01:06.360 --> 01:01:10.119
gone down significantly. There's just the men today just don't

1156
01:01:10.119 --> 01:01:12.039
have as much testosterone as you did fifty years ago.

1157
01:01:12.199 --> 01:01:14.400
Icroplastics, soys.

1158
01:01:15.480 --> 01:01:16.480
A lot of stuff out there.

1159
01:01:17.000 --> 01:01:18.639
I know, if you asked you if the Robert Canny

1160
01:01:18.639 --> 01:01:23.840
probably thinks the selectric cars. I don't know, could be anything.

1161
01:01:24.039 --> 01:01:25.280
You never know that, guy, Dave.

1162
01:01:25.920 --> 01:01:27.760
Did you see the private prison stocks this week?

1163
01:01:28.119 --> 01:01:29.280
They did it? Okay, didn't they?

1164
01:01:29.280 --> 01:01:30.400
They killed it round it.

1165
01:01:30.400 --> 01:01:32.239
We're gonna round up all the illegals and put them

1166
01:01:32.239 --> 01:01:32.960
in private prisons.

1167
01:01:33.000 --> 01:01:34.320
Yeah, they're up about fifty.

1168
01:01:34.719 --> 01:01:37.679
I can't wait. I can't wait for that. That's they're

1169
01:01:37.679 --> 01:01:40.119
gonna happen right after the Mexico Pace for the Wall

1170
01:01:40.159 --> 01:01:42.039
and the Ukrainian war end. Yeah.

1171
01:01:42.079 --> 01:01:45.960
Well, Geo Group and Coursivic are both private prison stocks

1172
01:01:46.039 --> 01:01:47.079
jumped like ten percent.

1173
01:01:47.360 --> 01:01:47.880
They did that.

1174
01:01:48.000 --> 01:01:52.039
A great week, oh, speaking, a great week, speaking, a

1175
01:01:52.079 --> 01:01:55.159
great week. The stock that we have suffered with for

1176
01:01:55.199 --> 01:01:58.599
a year, two years, three years, four years.

1177
01:01:58.639 --> 01:01:59.960
Disney, Yes, let's.

1178
01:01:59.840 --> 01:02:02.760
Go Mickey mouse. This is not a Mickey Mouse week

1179
01:02:02.800 --> 01:02:05.960
for Disney. My goodness. The sock has been lagging them by.

1180
01:02:06.000 --> 01:02:09.400
The sock has been so frustrated. Why are we holding Disney?

1181
01:02:09.400 --> 01:02:12.119
Why are we holding Disney? Aren't isn't Disney struggling? Blah

1182
01:02:12.159 --> 01:02:14.840
blah blah. They finally came out with a quarter and

1183
01:02:14.920 --> 01:02:19.039
hit on all cylinders. Stock jumped to a level not

1184
01:02:19.159 --> 01:02:21.559
seen in about four or five months. And uh, and

1185
01:02:21.599 --> 01:02:24.679
of course it was higher six months ago because there

1186
01:02:24.719 --> 01:02:27.880
was an activist investor involved trying to get seats on

1187
01:02:27.920 --> 01:02:32.840
the board, and Disney was successful in defending themselves.

1188
01:02:32.480 --> 01:02:35.400
Then again, but then they got destroyed because toilet because

1189
01:02:35.480 --> 01:02:37.400
the parks not enough people were going.

1190
01:02:37.800 --> 01:02:39.920
Thinks slowed to the thing. But everything came back in

1191
01:02:39.960 --> 01:02:43.039
the streaming businesses picking up steam. The theme parks are

1192
01:02:43.039 --> 01:02:46.840
picking up steam. The love continued through the end of

1193
01:02:46.880 --> 01:02:50.679
the week. On on Thursday and Friday, multiple upgrades of

1194
01:02:50.719 --> 01:02:55.280
the stock. So maybe maybe we've seen the bottom in Disney,

1195
01:02:55.880 --> 01:02:59.599
but we have not seen the bottom in Boeing. No, man,

1196
01:03:00.159 --> 01:03:03.079
another two year low for what is now the worth

1197
01:03:03.159 --> 01:03:06.639
performing Dow component because they kicked Intel out how much?

1198
01:03:06.679 --> 01:03:10.239
How long it did for they kicked Bowing out after

1199
01:03:10.360 --> 01:03:13.599
they announced it in October? Boying announced in October. How

1200
01:03:13.599 --> 01:03:17.920
many planes do you think they delivered in October? Big company? Right? Hundreds?

1201
01:03:18.119 --> 01:03:18.679
What do you think?

1202
01:03:19.760 --> 01:03:20.119
Seven?

1203
01:03:20.519 --> 01:03:24.800
Yeah, fourteen? They delivered fourteen planes the entire month of October.

1204
01:03:24.920 --> 01:03:27.400
That's not even one a day, not even one every

1205
01:03:27.400 --> 01:03:27.880
other day.

1206
01:03:29.519 --> 01:03:30.800
And how many employees do they have?

1207
01:03:31.440 --> 01:03:35.760
Yeah, yeah, thousands and thousands. The weird part about this

1208
01:03:35.920 --> 01:03:40.280
is that that's the fewest number of planes they've delivered

1209
01:03:41.119 --> 01:03:43.400
since the pandemic. Of course, a lot of that has

1210
01:03:43.440 --> 01:03:45.760
to do with the strike. And they came out and

1211
01:03:45.760 --> 01:03:49.639
they said that it's going to take them months to

1212
01:03:49.679 --> 01:03:53.199
get back up and running at full speed after the strike.

1213
01:03:53.280 --> 01:03:58.360
Down fifty percent this year, that's brutal. Yeah, I mean,

1214
01:03:58.400 --> 01:04:04.320
when you buy Boying, you don't expect downside. It's kind

1215
01:04:04.320 --> 01:04:08.239
of like buying any dollstock. A dollarstock shouldn't be able

1216
01:04:08.239 --> 01:04:09.400
to go down fifty.

1217
01:04:09.679 --> 01:04:11.800
I think the doll's going to regret taking a tell

1218
01:04:11.880 --> 01:04:13.400
out of their well.

1219
01:04:13.400 --> 01:04:15.119
Intel's bounced, that's for sure.

1220
01:04:15.360 --> 01:04:16.840
They're doing good, doing better.

1221
01:04:17.079 --> 01:04:18.360
They can hold onto it.

1222
01:04:18.639 --> 01:04:20.840
Yeah, you know, they they make they make some mistakes,

1223
01:04:20.880 --> 01:04:23.639
but they're not They're not unhappy about taking Walgreens out.

1224
01:04:24.159 --> 01:04:26.599
I think Walga's probably the shortest life in the Dow

1225
01:04:26.719 --> 01:04:28.679
of any stock in history. I know what was in

1226
01:04:28.719 --> 01:04:30.639
the dow maybe a year. What's that trading at now

1227
01:04:31.440 --> 01:04:34.639
nine dollars nine dollars, and they took it out when

1228
01:04:34.679 --> 01:04:36.000
it was around thirty dollars.

1229
01:04:36.280 --> 01:04:38.480
You know, we've had a good amount of financial plans

1230
01:04:38.480 --> 01:04:40.960
this week, and the biggest thing that we've had this

1231
01:04:41.000 --> 01:04:45.400
week is a you know mostly about capital gains and

1232
01:04:45.440 --> 01:04:48.840
how that impacts you, because you have people that retire

1233
01:04:48.960 --> 01:04:51.920
and they get a large lump sum and they can

1234
01:04:52.039 --> 01:04:54.920
mostly roll that in, but sometimes you get a big

1235
01:04:54.960 --> 01:04:58.480
profit sharing just distribution. Sometimes you actually have to sell

1236
01:04:58.519 --> 01:05:01.119
a house and it's not a a residence, you're gonna

1237
01:05:01.159 --> 01:05:03.239
hit with capital gains and how's that's going to impact you.

1238
01:05:03.280 --> 01:05:04.679
One of the things you got to look at is

1239
01:05:04.679 --> 01:05:08.559
obviously also medicare, and so there's a lot of different

1240
01:05:08.679 --> 01:05:12.599
conversations around taxes. And you know, obviously we're not tax accounts.

1241
01:05:12.639 --> 01:05:14.960
We can't give tax advice, but we are able to

1242
01:05:15.039 --> 01:05:18.559
look at what is the potential tax liability over the

1243
01:05:18.559 --> 01:05:21.119
course of your plan, and is there any ways to

1244
01:05:21.239 --> 01:05:25.840
mitigate that tax liability now and to be proactive around it.

1245
01:05:25.920 --> 01:05:28.960
So if you have iras, if you have roths, if

1246
01:05:29.000 --> 01:05:30.880
you only have one of those two accounts, if you

1247
01:05:30.960 --> 01:05:33.320
just have tax pall accounts come in. We can look

1248
01:05:33.400 --> 01:05:37.199
at right now what your capital unrealized gains look like,

1249
01:05:37.320 --> 01:05:41.679
what potential avenues you can go down to limit that liability,

1250
01:05:41.719 --> 01:05:44.159
how to maybe protect positions without actually having to get

1251
01:05:44.239 --> 01:05:45.800
rid of them. There's a lot of things that we

1252
01:05:45.800 --> 01:05:47.559
can look at and so all you have to do

1253
01:05:47.639 --> 01:05:49.360
is come in, bring in your portfolio. We can put

1254
01:05:49.400 --> 01:05:51.639
it through our risk analyzing tool as well to see

1255
01:05:51.679 --> 01:05:53.960
how risky the current portfolio is. It's a good thing

1256
01:05:54.000 --> 01:05:56.719
to do. Anyways, we've seen this market pull back a

1257
01:05:56.800 --> 01:05:59.559
little bit, and to see what is the construction of

1258
01:05:59.559 --> 01:06:02.559
your perfole? Do you have enough cash on the sidelines

1259
01:06:02.639 --> 01:06:05.519
if the market does drop to get aggressive then or

1260
01:06:05.559 --> 01:06:06.239
are you type of.

1261
01:06:06.159 --> 01:06:09.119
Things extremely overexposed right now at this all time high.

1262
01:06:09.360 --> 01:06:12.119
Right when you meet with so many people during a

1263
01:06:12.199 --> 01:06:14.920
given a week, what's what's on their minds? What's what

1264
01:06:14.960 --> 01:06:17.440
are you hearing the most from people?

1265
01:06:17.760 --> 01:06:20.519
Most people are happy, they're ready to be a little

1266
01:06:20.559 --> 01:06:23.679
more aggressive, but they still have this uneasy feeling that

1267
01:06:23.840 --> 01:06:24.519
a drop is.

1268
01:06:24.480 --> 01:06:26.559
Coming because it's gone up so far so fast.

1269
01:06:26.679 --> 01:06:29.000
Yeah, and you know, over the last year and a half,

1270
01:06:29.119 --> 01:06:31.840
every single month, that's pretty much the tone. I don't

1271
01:06:31.840 --> 01:06:34.039
know why the mark's going higher. I don't believe it. Yeah,

1272
01:06:34.079 --> 01:06:35.639
I don't know why the marks going high. And believe

1273
01:06:36.079 --> 01:06:40.119
you know, I guess you could maybe make a conspiracy

1274
01:06:40.159 --> 01:06:43.599
theory that they're doing different accounting practices than they did

1275
01:06:44.000 --> 01:06:46.639
twenty years ago, and so that's why these numbers are inflated,

1276
01:06:46.679 --> 01:06:49.280
and they're not really making the money they're making. But

1277
01:06:50.000 --> 01:06:52.920
as far as the earning supports come, and if you

1278
01:06:52.960 --> 01:06:56.000
say that they are legitimate, they are nowhere close to

1279
01:06:56.039 --> 01:06:58.119
what we saw in the two thousand dot com bubble.

1280
01:06:58.480 --> 01:07:01.639
They are relatively I mean, they're expensive, but they're not

1281
01:07:01.760 --> 01:07:05.239
super expensive relative to that two thousand bubbles. So, and

1282
01:07:05.519 --> 01:07:08.760
we are going through a technological revolution which does tend

1283
01:07:08.800 --> 01:07:11.760
to have higher growth periods than other periods. So it's

1284
01:07:11.760 --> 01:07:15.639
not completely unfathomable, but you can understand why someone would

1285
01:07:15.679 --> 01:07:19.199
believe that there are unforeseen risks, especially when it just

1286
01:07:19.239 --> 01:07:21.920
doesn't jive with what they feel like should be happening.

1287
01:07:22.280 --> 01:07:27.440
I just wish that people would quit looking at two thousand,

1288
01:07:27.840 --> 01:07:30.800
nineteen nine nine, two thousand as a template for anything.

1289
01:07:31.559 --> 01:07:35.079
I was there. The companies had no value, they had

1290
01:07:35.119 --> 01:07:36.960
no earn us, they had no sales. Some of them

1291
01:07:37.000 --> 01:07:38.000
didn't even have a product.

1292
01:07:38.079 --> 01:07:39.239
Because like dose coins, they.

1293
01:07:39.199 --> 01:07:41.360
Were coming, yes they were, they were coming to public

1294
01:07:41.480 --> 01:07:43.960
left and right. And every single day in the office

1295
01:07:43.960 --> 01:07:46.840
we'd have a lottery as to who got the twenty

1296
01:07:46.880 --> 01:07:49.559
five shares that so and so divvied out to us.

1297
01:07:49.599 --> 01:07:53.280
That particular day, the underwriting company I was with RBC

1298
01:07:53.400 --> 01:07:56.679
at the time, and the underwriting company might get you know,

1299
01:07:57.159 --> 01:07:59.559
thirty thousand shares and they would give twenty five shares

1300
01:07:59.599 --> 01:08:02.199
to our off. That's it total, and then we'd have

1301
01:08:02.239 --> 01:08:04.039
a lottery draw and see who got the twenty five

1302
01:08:04.039 --> 01:08:06.280
shows because you know they were gonna double. It's just

1303
01:08:06.599 --> 01:08:10.519
been nothing like it before or since. It's just it's

1304
01:08:10.559 --> 01:08:14.760
not a template for anything. And then don't forget right

1305
01:08:14.800 --> 01:08:18.439
when that started to come to fall apart, we had

1306
01:08:18.479 --> 01:08:21.319
nine to eleven. Yeah, so it's it's a it's a

1307
01:08:21.359 --> 01:08:24.520
confluence of events that will never again see in our lifetime.

1308
01:08:25.279 --> 01:08:29.159
So using that as a template for anything, I think

1309
01:08:29.199 --> 01:08:30.239
it's just a waste of time.

1310
01:08:30.319 --> 01:08:32.920
What it's time to be a president for that market performance?

1311
01:08:33.000 --> 01:08:35.600
Huh, Well, you know that's what Clinton has always seen

1312
01:08:35.640 --> 01:08:38.920
as the president who did the best at managing the

1313
01:08:39.159 --> 01:08:42.279
budget because that was during the doc got during the

1314
01:08:42.279 --> 01:08:44.920
Internet boom. He was president during the Internet boom.

1315
01:08:45.039 --> 01:08:46.880
That's pretty easy, very easy.

1316
01:08:47.239 --> 01:08:48.880
I actually had no deficit.

1317
01:08:49.199 --> 01:08:53.520
Yeah, I looked at past presidential elections and when the

1318
01:08:53.560 --> 01:08:56.560
red gets a red wave, and what is the average

1319
01:08:56.600 --> 01:08:58.840
return for the market two years later? On the S

1320
01:08:58.880 --> 01:09:02.439
and P five way back to the early nineteen hundreds,

1321
01:09:02.479 --> 01:09:05.000
and what we normally see seven times out of the

1322
01:09:05.000 --> 01:09:07.920
eight times we got red waves, the market is higher

1323
01:09:08.000 --> 01:09:12.920
positive after two years. The only time a Republican there's

1324
01:09:12.920 --> 01:09:15.399
actually two times Republican presidents did really bad and this

1325
01:09:15.520 --> 01:09:18.720
was not a red wave. This is just Republican one presidency.

1326
01:09:18.920 --> 01:09:21.960
It was Bush in two thousand, right because dot Com bubble,

1327
01:09:22.720 --> 01:09:29.000
and then and then also Nixon in seventy the seventies

1328
01:09:29.279 --> 01:09:34.159
seventy two he got off the gold standard and it

1329
01:09:34.239 --> 01:09:36.720
just did not do very well for him. But other

1330
01:09:36.760 --> 01:09:39.479
than that, what we normally see is actually red waves

1331
01:09:39.560 --> 01:09:42.079
or blue waves aren't actually too bad for the market,

1332
01:09:42.279 --> 01:09:45.720
And based on history, you never know. But the averages

1333
01:09:45.760 --> 01:09:47.960
does say that we should be hired two years from now.

1334
01:09:48.439 --> 01:09:50.960
My only caveat to that would be there is a

1335
01:09:50.960 --> 01:09:53.159
lot of debt that's going to have to get refinanced

1336
01:09:53.239 --> 01:09:56.800
in twenty twenty six that we know about, because after

1337
01:09:57.119 --> 01:09:59.319
that five year comes due from the twenty twenty one

1338
01:09:59.399 --> 01:10:02.319
low rates, they have to refinance at higher rates that

1339
01:10:02.399 --> 01:10:04.880
will take money out of the system. So that potentially

1340
01:10:04.920 --> 01:10:09.720
is the next long term foreseeing impact that we could

1341
01:10:09.800 --> 01:10:12.760
potentially go through, but for now, yeah, it seems like

1342
01:10:12.800 --> 01:10:15.319
it's only a black Son event or Navidia just reports

1343
01:10:15.359 --> 01:10:16.319
really bad earnings.

1344
01:10:16.720 --> 01:10:20.680
Yeah, well, I can't imagine how they would report bad earnings.

1345
01:10:20.720 --> 01:10:22.720
But Patty, as you know, they're going to look at

1346
01:10:22.760 --> 01:10:26.399
every single metric. They're just gonna rip that report apart

1347
01:10:26.479 --> 01:10:29.560
and looking, and they are looking for something bad. They're

1348
01:10:29.600 --> 01:10:32.279
looking for bad, right, And if you were to come

1349
01:10:32.279 --> 01:10:36.720
into my house and your focuses on finding something bad,

1350
01:10:37.039 --> 01:10:40.439
you might be successful. They have not been successful over

1351
01:10:40.479 --> 01:10:43.439
the last few quarters. There just is nothing not to

1352
01:10:43.600 --> 01:10:46.279
like about what's going on at Nvidia.

1353
01:10:46.319 --> 01:10:48.439
And we also heard that the first company to actually

1354
01:10:48.600 --> 01:10:51.439
use the Blackwell chip is actually going to be soft

1355
01:10:51.479 --> 01:10:53.399
Bank and they're actually going to be the first ones

1356
01:10:53.439 --> 01:10:56.119
to build a supercomputer with it. So it sounds like

1357
01:10:56.119 --> 01:10:59.720
they're actually going to start being produced and a pride

1358
01:10:59.720 --> 01:11:03.840
to practical measures. So Blackwell being the new Navidia chip

1359
01:11:03.880 --> 01:11:05.279
that they just came out with, its supposed to be

1360
01:11:05.319 --> 01:11:07.960
the most powerful AI chip that's ever been created, pretty

1361
01:11:08.000 --> 01:11:08.880
much by humanity.

1362
01:11:09.079 --> 01:11:12.319
The video new all time high this week, uh by

1363
01:11:12.399 --> 01:11:14.039
market cap, the largest company.

1364
01:11:13.800 --> 01:11:15.720
In the world, The largest company in the world just

1365
01:11:16.239 --> 01:11:22.760
shaving out Apple, and you know what's interesting, it goes gold, Navidia, Apple, Microsoft, Amazon,

1366
01:11:23.479 --> 01:11:25.720
and then bitcoin. Bitcoin is actually bigger than silver.

1367
01:11:25.800 --> 01:11:27.960
Now you're wrong, Oh.

1368
01:11:27.840 --> 01:11:28.960
We forgot Saudia Ramco.

1369
01:11:29.079 --> 01:11:29.680
Yep, there you go.

1370
01:11:30.319 --> 01:11:32.279
Sadi is still more than bitcoin.

1371
01:11:32.399 --> 01:11:35.439
Yes, that's a bit, that's that's absolutely amazing. Yeah. I

1372
01:11:35.680 --> 01:11:37.239
don't know if you if you've looked at all of

1373
01:11:37.239 --> 01:11:39.399
the companies in the world and said you could have

1374
01:11:39.560 --> 01:11:41.359
any one of them, which one would you pick? I

1375
01:11:41.439 --> 01:11:42.720
don't think it would be n Video.

1376
01:11:43.199 --> 01:11:46.239
You you're saying that for you, I would probably pick

1377
01:11:46.279 --> 01:11:47.680
I wouldn't pick Wicked.

1378
01:11:47.840 --> 01:11:51.039
I would probably pick Apple, Amazon, Apple, I picked Google,

1379
01:11:51.199 --> 01:11:51.800
I really think.

1380
01:11:51.840 --> 01:11:54.520
And that's why Apple has been then the top, the biggest,

1381
01:11:54.640 --> 01:11:57.640
because that's the diversity. Though at some point it is

1382
01:11:57.680 --> 01:11:59.479
going to end. For Nvidia, at some point is going

1383
01:11:59.560 --> 01:12:03.479
to end for whatever reason, and hopefully it's not next week.

1384
01:12:04.880 --> 01:12:07.000
We'll be back right after this break. Thanks again for

1385
01:12:07.119 --> 01:12:07.560
joining it.

1386
01:12:09.239 --> 01:12:11.199
Welcome back to the Money Matter Show. My name is

1387
01:12:11.239 --> 01:12:14.600
Todd Glick. I'm here with David Sherwood and Sebastian Borssini.

1388
01:12:15.039 --> 01:12:18.439
It was a fun week for crypto world. The average

1389
01:12:18.720 --> 01:12:22.039
stock market did not actually go higher. It pulled back

1390
01:12:22.039 --> 01:12:23.920
some of that euphoria we saw last week on the

1391
01:12:23.960 --> 01:12:27.319
back of Trump's victory moved over into the crypto world

1392
01:12:27.479 --> 01:12:30.640
as higher for longer interest rates weighed on the traditional

1393
01:12:30.680 --> 01:12:32.840
stock market, and we've really been seeing that in the

1394
01:12:32.840 --> 01:12:36.000
bond market. It's always a way to actually bond market

1395
01:12:36.000 --> 01:12:39.319
prices itself, probably even further in advance than the stock market.

1396
01:12:39.560 --> 01:12:43.000
Stock market can be really fluctuated by intro day news

1397
01:12:43.079 --> 01:12:45.560
and things that just pop up out of nowhere. The

1398
01:12:45.600 --> 01:12:47.800
bond market has been saying that the Fed is getting

1399
01:12:47.800 --> 01:12:50.520
this thing wrong, and it's I think for the first

1400
01:12:50.520 --> 01:12:53.319
time we kind of saw pal talk this week where

1401
01:12:53.359 --> 01:12:55.880
he's like, all right, maybe I don't need to be

1402
01:12:55.880 --> 01:12:58.079
cutting rates as fast as I originally said.

1403
01:12:57.960 --> 01:12:58.840
So why'd you do it?

1404
01:12:59.319 --> 01:13:01.840
Yeah? Keep in mind that people say, well, how can

1405
01:13:01.920 --> 01:13:04.960
interst rates be going higher? The Fed is cutting interest rates,

1406
01:13:05.119 --> 01:13:08.399
the Federal Reserve is cutting short term rates. Long term

1407
01:13:08.479 --> 01:13:10.439
rates are being driven by the market, and long term

1408
01:13:10.479 --> 01:13:13.039
rates are going higher. And what that's telling you is

1409
01:13:13.039 --> 01:13:16.520
that people believe that inflation is going to come back.

1410
01:13:18.159 --> 01:13:22.039
I shouldn't say believe. They they're concerned that inflation is

1411
01:13:22.079 --> 01:13:24.199
going to come back, and if that's even a thought,

1412
01:13:24.560 --> 01:13:26.880
then the price of that ten year treasury has to

1413
01:13:26.920 --> 01:13:29.439
be higher. It has to be lower, and the yield

1414
01:13:29.520 --> 01:13:33.760
has to be higher yield, and people don't understand sometimes

1415
01:13:33.800 --> 01:13:37.000
don't understand price and yield moving versely to one another.

1416
01:13:37.359 --> 01:13:39.680
Someone said one time, think of it as a teeter

1417
01:13:39.760 --> 01:13:43.359
totter with interest rates, with the rate on one end

1418
01:13:43.680 --> 01:13:45.520
and the price of the bond on the other end,

1419
01:13:45.680 --> 01:13:47.520
And as one goes up or down, then the other

1420
01:13:47.560 --> 01:13:51.279
one moves, so they move inversely. So if interest rates

1421
01:13:51.319 --> 01:13:55.359
are going up, the value of your bonds is coming down.

1422
01:13:56.279 --> 01:13:59.000
We've been we've long believed that this is a time

1423
01:13:59.119 --> 01:14:05.279
to extend maturities on bonds. The last six months or so,

1424
01:14:05.319 --> 01:14:07.760
we've been thinking that this is probably a good time

1425
01:14:07.760 --> 01:14:12.039
to extend maturities. Thus far we've been wrong. But I

1426
01:14:12.079 --> 01:14:14.159
still think it is. If someone comes in now and

1427
01:14:14.199 --> 01:14:16.760
wants to build a bond ladder, it's even better. I'm

1428
01:14:16.760 --> 01:14:19.520
saying it's more of an opportunity. You get a second chance.

1429
01:14:19.840 --> 01:14:22.720
You're getting a second dip of this ice prid.

1430
01:14:22.880 --> 01:14:26.399
And a mention of that second dip. But really an increase,

1431
01:14:26.439 --> 01:14:29.279
second increase in these interest rates is my gas are

1432
01:14:29.319 --> 01:14:33.079
back to those five percent levels. Just this week they

1433
01:14:33.119 --> 01:14:35.039
came up the multi year guaranteed to do it, the

1434
01:14:35.079 --> 01:14:37.920
multi year guarantee locking in for five years, right, locking

1435
01:14:38.000 --> 01:14:40.000
in for five years. It can be up to seven years.

1436
01:14:40.600 --> 01:14:42.880
Most people do five years. There's even a three year option.

1437
01:14:43.079 --> 01:14:44.840
I saw a three year for like five to one five.

1438
01:14:45.119 --> 01:14:48.159
Yeah, so you're getting some good locked in interest out

1439
01:14:48.199 --> 01:14:50.520
of those things. Don't have the same liquidity that a

1440
01:14:50.520 --> 01:14:54.039
treasury or a corporate bond has, but it's it's guaranteed

1441
01:14:54.079 --> 01:14:55.560
interest that's going to be a little higher than.

1442
01:14:55.479 --> 01:14:59.439
Those corporate guaranteed and you control the taxes. Yeah, it's

1443
01:14:59.479 --> 01:15:03.239
taxed to first, and you pay taxes on it, which

1444
01:15:03.279 --> 01:15:05.800
is because you can always ten thirty five the annuity

1445
01:15:05.800 --> 01:15:08.119
into a new one after that is due, and you

1446
01:15:08.159 --> 01:15:10.600
never actually realize the tax. You could just keep tax

1447
01:15:10.640 --> 01:15:14.159
deferring it. Well, in five years is the minimum that

1448
01:15:14.680 --> 01:15:16.199
you have to hold it to get be able to

1449
01:15:16.199 --> 01:15:17.960
get out without penalty. You get hold it for twenty

1450
01:15:18.039 --> 01:15:21.800
years technically technically have to rage stay competitive. Why would

1451
01:15:21.880 --> 01:15:23.319
why would you move right?

1452
01:15:23.399 --> 01:15:26.479
And so you never really have to pay the interest.

1453
01:15:26.960 --> 01:15:29.239
Something that I had a conversation about with the client

1454
01:15:29.239 --> 01:15:30.399
and we were saying, okay, I want to do a

1455
01:15:30.439 --> 01:15:33.960
roth conversion, move move about, you know, one hundred k over.

1456
01:15:34.319 --> 01:15:37.640
But is He was like, okay, is does it make

1457
01:15:37.680 --> 01:15:40.399
sense that once the money's in the wrath it should grow,

1458
01:15:40.560 --> 01:15:42.319
Like the only reason you're moving it is to pay

1459
01:15:42.319 --> 01:15:43.960
the taxes, and then when it's over there, it's going

1460
01:15:44.039 --> 01:15:46.079
to grow. And those are the tax savings that you're getting.

1461
01:15:46.319 --> 01:15:48.960
And I said, yes, absolutely, The only reason you want

1462
01:15:49.000 --> 01:15:51.039
it to be in the wroth is the tax free growth.

1463
01:15:51.239 --> 01:15:53.439
So the higher growth you can is the better. So

1464
01:15:53.479 --> 01:15:55.439
then he's like, okay, so is it. So does it

1465
01:15:55.439 --> 01:15:57.399
make sense to do something I guaranteed and just get

1466
01:15:57.439 --> 01:16:00.760
five percent? And I said no, no, that's actually the opposite.

1467
01:16:00.840 --> 01:16:02.920
You would want to be more aggressive with your wroth

1468
01:16:03.000 --> 01:16:05.880
money so it grows more over time, and then with

1469
01:16:05.960 --> 01:16:07.640
the IRA money you would be want to be something

1470
01:16:07.640 --> 01:16:10.199
more guaranteed, a little more conservative. Why do you want

1471
01:16:10.760 --> 01:16:13.000
to grow Uncle Sam's money because you have to pay

1472
01:16:13.039 --> 01:16:15.039
tax to out of the IRA. You want to grow

1473
01:16:15.079 --> 01:16:17.640
your wroth money, So be more aggressive with the wroth

1474
01:16:17.720 --> 01:16:19.640
money than you would be with the IRA. You can

1475
01:16:19.680 --> 01:16:22.560
still have the same type of portfolio balanced with the

1476
01:16:22.560 --> 01:16:24.319
two type of accounts. But with the wroth being a

1477
01:16:24.359 --> 01:16:27.039
little more aggressive, it makes more tax sense because you

1478
01:16:27.039 --> 01:16:29.680
get that tax free growth. And over a ten year period,

1479
01:16:30.000 --> 01:16:32.239
and Dave, you've mentioned this many times on this show,

1480
01:16:32.479 --> 01:16:34.520
two thousand, twenty ten, worst period you can look at,

1481
01:16:34.520 --> 01:16:38.359
you still averaged what seven percent. So even if you're like, oh,

1482
01:16:38.399 --> 01:16:41.319
that maga year five percent, I just want to take it. Well,

1483
01:16:41.479 --> 01:16:43.520
if you're going to be invested for over ten years,

1484
01:16:43.640 --> 01:16:45.680
that really doesn't make sense either. If you don't need

1485
01:16:45.680 --> 01:16:48.359
the money, you should be invested in equity because you're

1486
01:16:48.359 --> 01:16:50.760
going to make more. It all based on time, It

1487
01:16:50.800 --> 01:16:52.840
all based on your financial situation, so you have to

1488
01:16:52.840 --> 01:16:54.880
come in. We have to look at that. But that's

1489
01:16:54.920 --> 01:16:59.199
just one example of kind of how a previous conception

1490
01:16:59.680 --> 01:17:03.319
is not necessarily right right because you think, oh, I

1491
01:17:03.359 --> 01:17:05.800
want the guarantee growth, that's why I'm doing it, But

1492
01:17:05.920 --> 01:17:09.319
in reality, there's no guarantee in the stock market. But

1493
01:17:09.800 --> 01:17:12.159
there's been also no period of time through ten years

1494
01:17:12.199 --> 01:17:13.239
where the stock market's down.

1495
01:17:13.399 --> 01:17:16.760
No, no, and the stock market is going to create volatility,

1496
01:17:16.800 --> 01:17:19.359
which makes some people uncomfortable. That's why we have to

1497
01:17:19.359 --> 01:17:22.560
know your temperament, know your investment profile.

1498
01:17:22.279 --> 01:17:24.920
And that's why they have us also absolutely to help

1499
01:17:24.960 --> 01:17:27.520
them sleep at nights and understand why we have the

1500
01:17:27.520 --> 01:17:30.960
positions and what's the history. We help tell that story

1501
01:17:31.000 --> 01:17:33.520
and help them keep because they don't have that same

1502
01:17:33.560 --> 01:17:36.279
story in their mind right. We take it for granted

1503
01:17:36.319 --> 01:17:39.800
because we've been through, we've studied the history. We understand

1504
01:17:39.880 --> 01:17:42.159
what could happen and what has happened, and what the

1505
01:17:42.199 --> 01:17:45.439
parallels and connections are. You know, our clients don't have

1506
01:17:45.479 --> 01:17:47.560
that same knowledge base. So it's our job to help

1507
01:17:47.560 --> 01:17:49.880
communicate that. And that's one of the things we pride

1508
01:17:49.920 --> 01:17:52.840
ourselves on is actually educating and not just taking for

1509
01:17:52.920 --> 01:17:55.399
granted that you know, we know what we're doing and

1510
01:17:55.439 --> 01:17:57.640
just trust us, but we actually want you to understand

1511
01:17:57.720 --> 01:18:00.199
why we're doing what we're doing and take away every

1512
01:18:00.199 --> 01:18:02.439
single time you come into office take away something new.

1513
01:18:03.439 --> 01:18:05.920
Absolutely, and I think what the five percent is appealing?

1514
01:18:06.279 --> 01:18:08.239
It's a rate we haven't seen in a long time.

1515
01:18:08.439 --> 01:18:10.560
It used to be kind of the norm. You could

1516
01:18:10.560 --> 01:18:13.039
always get five percent money market funds and STUF for

1517
01:18:13.119 --> 01:18:16.239
preferred decades. Five percent was kind of the minimum, kind

1518
01:18:16.239 --> 01:18:18.079
of the normal. Once in a while you could get

1519
01:18:18.119 --> 01:18:20.880
up six or seven, but always five until it went

1520
01:18:20.920 --> 01:18:24.600
to zero. Now five looks pretty good. So I understand

1521
01:18:24.600 --> 01:18:28.119
people saying, well, five percent guaranteed, that's pretty good. Remember,

1522
01:18:28.319 --> 01:18:31.000
at five percent, your money's going to double in twelve years.

1523
01:18:31.319 --> 01:18:34.640
Right at ten percent, which is what the market is

1524
01:18:34.680 --> 01:18:38.840
going to double in seven years, it's gonna quadruple in

1525
01:18:38.840 --> 01:18:41.319
twenty four years or fourteen years, what do you prefer?

1526
01:18:41.439 --> 01:18:47.039
You know, so it's significantly. We always say the more

1527
01:18:47.199 --> 01:18:52.000
stock market exposure you can tolerate, the better your performance

1528
01:18:52.039 --> 01:18:59.039
will be. The more stock market allocation you can tolerate,

1529
01:18:59.359 --> 01:19:01.159
the better your PM it will be. If you're if

1530
01:19:01.159 --> 01:19:03.880
you can handle one hundred percent equities, you're going to

1531
01:19:03.960 --> 01:19:07.439
do better than someone that's fifty percent equities, you're going

1532
01:19:07.520 --> 01:19:08.359
to do better than someone.

1533
01:19:10.720 --> 01:19:12.600
Yes, you will still do better over time.

1534
01:19:12.479 --> 01:19:16.079
Absolutely absolutely, And it doesn't matter. It's just you have.

1535
01:19:16.159 --> 01:19:18.880
But you have to have the temperament that when it's

1536
01:19:18.960 --> 01:19:22.279
going down, you just quit looking at it because it's

1537
01:19:22.319 --> 01:19:25.920
going to come back. Like last week, you know, after

1538
01:19:25.920 --> 01:19:30.039
Trump gets like, it's going to explode higher. And and

1539
01:19:30.159 --> 01:19:33.880
I've never once in my time in this business, which

1540
01:19:33.920 --> 01:19:38.039
is multiple decades, seeing someone get out and get back

1541
01:19:38.079 --> 01:19:41.399
in cheaper. The reason for that is, if you decide

1542
01:19:41.439 --> 01:19:44.479
to get out, it's because you're scared. You're not going

1543
01:19:44.520 --> 01:19:46.800
to get back in and til things are way better.

1544
01:19:47.439 --> 01:19:50.119
And when things are way better and you're more comfortable,

1545
01:19:50.319 --> 01:19:52.720
the market's going to be a lot higher than when

1546
01:19:52.760 --> 01:19:57.039
you got out in fear. Again, the more stock market exposure,

1547
01:19:57.039 --> 01:19:59.520
you can handle it. Uh. Trump Media and Technology we've

1548
01:19:59.520 --> 01:20:03.000
been talking about, but Donald J. Trump DJT is the

1549
01:20:03.039 --> 01:20:08.560
symbol the company has. It's probably picking up business because

1550
01:20:08.560 --> 01:20:10.439
he's using it a little bit more. But he seems

1551
01:20:10.479 --> 01:20:12.840
to be using X quite a bit as well. I'm

1552
01:20:12.840 --> 01:20:16.479
not sure how much Trump Media and Technology is benefiting

1553
01:20:16.520 --> 01:20:20.439
from him being president, but it was during the election cycle.

1554
01:20:20.520 --> 01:20:22.840
It was kind of used as a proxy for how

1555
01:20:22.880 --> 01:20:25.920
he was doing. You remember at one point it was

1556
01:20:25.960 --> 01:20:29.319
around in the forties, and then Biden dropped out and

1557
01:20:29.479 --> 01:20:32.359
Commala came in and it started to slowly drift lower

1558
01:20:32.399 --> 01:20:33.960
until it actually got down to twelve.

1559
01:20:33.960 --> 01:20:36.199
It's another case. You're not buying truth social, You're not

1560
01:20:36.239 --> 01:20:38.560
buying the app, you're not buying the business. You're buying

1561
01:20:38.600 --> 01:20:39.199
Donald Trump.

1562
01:20:40.880 --> 01:20:41.119
Now.

1563
01:20:41.319 --> 01:20:43.840
I said to a client last week who who owned

1564
01:20:43.880 --> 01:20:47.279
a cheaper I said, what is going to be the catalyst.

1565
01:20:47.319 --> 01:20:49.640
Now you have a company here with very little in

1566
01:20:49.680 --> 01:20:51.640
the way of revenue, very little in the way of earnings.

1567
01:20:51.640 --> 01:20:54.279
In fact, they have nowhere needs I lost nineteen million

1568
01:20:54.359 --> 01:20:58.520
dollars the last quarter. The stock is close to worthless

1569
01:20:58.760 --> 01:21:02.479
at this point. What catalyst is going to come along

1570
01:21:02.520 --> 01:21:05.279
and it's going to drive it from thirty back to

1571
01:21:05.359 --> 01:21:10.640
forty or fifty? What could possibly happen? You sell it?

1572
01:21:11.960 --> 01:21:15.000
Bottom line is that ended this past week down twelve percent.

1573
01:21:15.479 --> 01:21:18.520
It popped nicely with the election, which we thought it would,

1574
01:21:18.880 --> 01:21:21.800
but it was really only about there about five minutes

1575
01:21:21.880 --> 01:21:24.000
right the day of the election. The day after the

1576
01:21:24.039 --> 01:21:27.560
election Wednesday week ago Wednesday, I think it jumped up

1577
01:21:27.600 --> 01:21:29.399
to forty six.

1578
01:21:29.920 --> 01:21:31.079
The day after he won.

1579
01:21:31.039 --> 01:21:32.720
Yeah, jumped up to forty six.

1580
01:21:32.840 --> 01:21:34.960
But by the pre market it was down already.

1581
01:21:34.600 --> 01:21:37.600
And then it quickly came back opened it. It was

1582
01:21:37.640 --> 01:21:39.920
there just five minutes or so, and then it started

1583
01:21:39.920 --> 01:21:42.880
selling off as people realized, Okay, the election is over.

1584
01:21:42.960 --> 01:21:44.439
What's going to be the catalyst?

1585
01:21:44.520 --> 01:21:46.079
By the rumor sell the news to deal?

1586
01:21:46.199 --> 01:21:47.920
Yeah, I mean, if you're playing with that, you have

1587
01:21:47.960 --> 01:21:50.399
to ask yourself, what is going to be the catalyst?

1588
01:21:51.600 --> 01:21:53.760
Found out last week that Stigna is not going to

1589
01:21:53.800 --> 01:21:57.279
be merging with Humana, which is probably not a bad

1590
01:21:57.279 --> 01:22:00.000
idea since it probably would have never gotten through regulatory

1591
01:22:00.159 --> 01:22:04.760
dojson right eight percent higher on that news, Well, he

1592
01:22:04.880 --> 01:22:08.880
man opened five percent lower. I guess that's that's good

1593
01:22:08.960 --> 01:22:12.840
news for the signal holders and not necessarily good news

1594
01:22:12.880 --> 01:22:16.279
for the home depot. The doustock has been drifting lower

1595
01:22:16.319 --> 01:22:20.039
because the higher interest rate has been weighing on it, thinking, well,

1596
01:22:20.119 --> 01:22:22.359
that's going to be a big slowdown coming in the

1597
01:22:22.359 --> 01:22:26.840
housing market, and that's going to negatively impact home depot

1598
01:22:26.840 --> 01:22:29.039
because people aren't going to be moving into new houses

1599
01:22:29.079 --> 01:22:33.840
and getting new appliances, doing all kinds of repairs, doing

1600
01:22:33.840 --> 01:22:37.760
all kinds of remodeling. So kind of surprised. On Tuesday,

1601
01:22:38.000 --> 01:22:41.840
they reported a solid quarter and they actually increased their guidance.

1602
01:22:42.319 --> 01:22:45.039
So I don't know if rising interest rates had been

1603
01:22:45.600 --> 01:22:49.479
perceived as a problem for the company, but I don't know.

1604
01:22:49.800 --> 01:22:52.520
Apparently it's not as big a problem as we had thought.

1605
01:22:52.960 --> 01:22:57.079
Did she shopify this week? I did up up twenty percent.

1606
01:22:57.119 --> 01:22:58.640
They had some pretty dang good earnings.

1607
01:22:58.720 --> 01:23:00.680
Well, it was already forty five per sent higher on

1608
01:23:00.720 --> 01:23:05.720
the year, forty percent high on your twenty percent again

1609
01:23:06.359 --> 01:23:10.039
a great quarter. Live Nation. Remember Live Nation. Live Nation

1610
01:23:10.279 --> 01:23:14.119
is a concert promoter. Back when the pandemic hit, You

1611
01:23:14.159 --> 01:23:18.199
can imagine the value of a concert promoter would not

1612
01:23:18.239 --> 01:23:20.800
have been high, right, since we were all going to

1613
01:23:20.840 --> 01:23:22.920
be in our houses alone forever.

1614
01:23:23.039 --> 01:23:25.039
It's concerts and sporting events.

1615
01:23:25.159 --> 01:23:28.119
Yeah. Yeah, got down to twenty dollars a share in

1616
01:23:28.239 --> 01:23:31.640
March of twenty twenty. And just like you, you couldn't

1617
01:23:31.640 --> 01:23:35.279
imagine that there would be live concerts again anytime in

1618
01:23:35.399 --> 01:23:38.520
next decade, right, I mean, we would have never dreamed

1619
01:23:38.520 --> 01:23:40.640
in twenty twenty that we'd be where we are now.

1620
01:23:41.920 --> 01:23:45.720
Live Nation came out, reported better than expected results, gave

1621
01:23:45.960 --> 01:23:48.760
upbeat guidance the stock, which was twenty dollars a year

1622
01:23:48.760 --> 01:23:51.439
in March of twenty twenty one hundred and thirty dollars.

1623
01:23:52.000 --> 01:23:56.399
They had net income for the most recent quarter. I'm sorry,

1624
01:23:56.479 --> 01:23:59.239
net income record net income for the most recent quarter.

1625
01:24:00.479 --> 01:24:04.880
Luxury apparel stocks moving in opposite directions were Caprian Tapestry.

1626
01:24:04.960 --> 01:24:08.000
They also called off their planned merger. You kind of

1627
01:24:08.000 --> 01:24:10.760
wonder if any of these people are gonna rethink things

1628
01:24:10.800 --> 01:24:13.399
once Trump takes over and get a little bit more

1629
01:24:13.439 --> 01:24:18.319
of a business friendly administration. Maybe some of the some

1630
01:24:18.359 --> 01:24:20.159
of these mergers that are falling apart now are going

1631
01:24:20.239 --> 01:24:22.560
to come back together. Anyway. We'll be back with the

1632
01:24:22.560 --> 01:24:25.680
final segment of the Money Matters Show right after this break. Well,

1633
01:24:25.680 --> 01:24:30.359
thank you for listening, Talk to you soon. Good morning.

1634
01:24:30.600 --> 01:24:32.720
This is the final segment of the Money Matters Show.

1635
01:24:32.720 --> 01:24:36.039
I'm here with Tod Glick. I'm here with Sebastian Borsini

1636
01:24:36.520 --> 01:24:40.279
being in Dylan Greenberg coaching for the Tucson High Badgers.

1637
01:24:40.560 --> 01:24:43.199
Go Badgers, trying to put one in the win column.

1638
01:24:43.800 --> 01:24:46.720
First playoff win in whether they say fifty years or

1639
01:24:46.760 --> 01:24:48.680
seventy years, is some ridiculous.

1640
01:24:48.239 --> 01:24:49.600
Thing, nineteen seventy something.

1641
01:24:49.640 --> 01:24:53.560
Yeah, it's like the Detroit Lions. I mean Detroit Lions

1642
01:24:53.560 --> 01:24:55.319
are what nine and one for the first time in

1643
01:24:55.399 --> 01:24:58.920
seventy years. What did you think during that seventy year period,

1644
01:24:58.920 --> 01:25:00.760
if you're the owner, you might done something.

1645
01:25:02.560 --> 01:25:05.439
Yeah. He just had the greatest running back of all

1646
01:25:05.479 --> 01:25:06.199
time and couldn't win a.

1647
01:25:06.239 --> 01:25:08.640
Chan Yeah a good point, very good point. And then

1648
01:25:08.680 --> 01:25:10.800
he had that really great quarterback that you traded the

1649
01:25:10.840 --> 01:25:15.000
Los Angeles and got there, got there and got their

1650
01:25:15.039 --> 01:25:17.720
crap quarterback who turns out to be way better than

1651
01:25:17.760 --> 01:25:21.800
the guy. It's a funny you get rid of your quarterback.

1652
01:25:21.800 --> 01:25:22.960
He was the Super Bowl next year.

1653
01:25:23.279 --> 01:25:25.840
Amazing. I'm cheering for him. It's so fun to see

1654
01:25:25.840 --> 01:25:30.960
a team that has been well and Washington Commanders.

1655
01:25:30.359 --> 01:25:32.600
I like watching. I like watchings last night.

1656
01:25:32.720 --> 01:25:35.920
They live to Philadelphia. I watched part of it. But

1657
01:25:36.199 --> 01:25:39.000
it's fun to see them come into life. Teams that

1658
01:25:39.000 --> 01:25:41.720
have just been down for so long, like the Arizona Cardinals.

1659
01:25:42.039 --> 01:25:44.399
You know, uh, be nice to see the Cardinals. I

1660
01:25:44.399 --> 01:25:47.239
think whatever. They tied for first place or in first

1661
01:25:47.239 --> 01:25:48.439
place right now.

1662
01:25:48.920 --> 01:25:50.600
They at least they went to the super Bowl. They

1663
01:25:50.600 --> 01:25:51.159
had some fun.

1664
01:25:51.960 --> 01:25:55.279
Actually did they actually did go, so that's something.

1665
01:25:55.279 --> 01:25:57.319
But yeah, you know what I've been watching this week.

1666
01:25:57.359 --> 01:25:59.880
When I watching, I just noticed is hers She's uh,

1667
01:26:00.039 --> 01:26:03.520
Coco's up eighteen percent this week, so ooh, maybe Trump

1668
01:26:03.520 --> 01:26:05.920
can help with the Coco album in this world because

1669
01:26:06.359 --> 01:26:07.920
we're just not gonna be able to get our chocolate

1670
01:26:07.960 --> 01:26:08.479
if he doesn't.

1671
01:26:08.479 --> 01:26:11.520
And I just can't have that Hershey, Hershey's Mountain down.

1672
01:26:11.800 --> 01:26:13.720
You know what, now I think about it, this might

1673
01:26:13.720 --> 01:26:17.479
be an RFK trade, but they're like RFK says no

1674
01:26:17.560 --> 01:26:18.600
more to Hershey products.

1675
01:26:19.039 --> 01:26:20.840
You can't have that, can't have anymore?

1676
01:26:20.920 --> 01:26:21.800
Right down?

1677
01:26:22.199 --> 01:26:24.039
Yeah it was, uh, it was down two percent on

1678
01:26:24.079 --> 01:26:26.119
the week, but four and a half percent on Friday.

1679
01:26:26.840 --> 01:26:30.359
Oh a big drop. Not really anything on news. But

1680
01:26:30.680 --> 01:26:32.520
if you look at Coco's price action on the weekend's

1681
01:26:32.560 --> 01:26:34.359
up eighteen percent. So that's probably what it was.

1682
01:26:34.439 --> 01:26:36.600
Did you see what happened to Mattel last week? No?

1683
01:26:36.840 --> 01:26:40.479
This is crazy. Okay. So there's this new movie coming

1684
01:26:40.479 --> 01:26:43.720
out called Wicked, Wicked, the movie based upon the play

1685
01:26:43.720 --> 01:26:48.399
previous Yeah, yeah, yeah, So thousands of Mattel's Wicked branded

1686
01:26:48.600 --> 01:26:52.319
fashion dolls are flying off the shelves, thousands of them,

1687
01:26:52.680 --> 01:26:56.279
not because of consumer demand, but because the toy company.

1688
01:26:56.920 --> 01:27:01.199
Get this, Instead of listing the website for Universe's Wicked

1689
01:27:01.479 --> 01:27:05.680
movie on the boxes, it printed a link to Wicked

1690
01:27:05.800 --> 01:27:10.720
dot com, which is a porn site. Oh how about that?

1691
01:27:10.760 --> 01:27:13.560
So all these all these kids with their dolls are

1692
01:27:14.600 --> 01:27:16.640
going to go to Wicked dot com, which is the point.

1693
01:27:16.800 --> 01:27:18.319
How do you do that? How do you? How are

1694
01:27:18.359 --> 01:27:20.399
you that stupid? How are you that stupid?

1695
01:27:21.079 --> 01:27:22.760
You're not intentional?

1696
01:27:23.159 --> 01:27:25.840
No, it was no, I can't go out maybe a boy.

1697
01:27:25.920 --> 01:27:28.520
I just can't believe it's horrible it's been in the

1698
01:27:28.560 --> 01:27:31.520
horrible that the Wicked dot com is apparently the porn site.

1699
01:27:31.760 --> 01:27:34.720
I didn't check it out, but that's what the article said.

1700
01:27:35.439 --> 01:27:38.640
I might have to do some research and get back

1701
01:27:38.720 --> 01:27:42.159
on that. I don't know. You know, we were talking

1702
01:27:42.159 --> 01:27:44.560
about the slowing housing marketing and how it didn't really

1703
01:27:44.600 --> 01:27:49.439
impact home Depot. Black and Decker shares five percent lower

1704
01:27:49.520 --> 01:27:52.439
this year, down to another three percent on Tuesday after

1705
01:27:52.479 --> 01:27:55.520
the company said Trump triiffs are gonna rip us up.

1706
01:27:56.199 --> 01:27:59.359
Stop dropped nearly ten percent since Trump was elected.

1707
01:27:59.359 --> 01:28:01.359
A lot of exposed to China, a lot of.

1708
01:28:01.239 --> 01:28:04.680
Exposure to China. They're gonna be gonna be dealing with that.

1709
01:28:04.920 --> 01:28:07.600
Do you see that? Netflix the all time high last week?

1710
01:28:08.920 --> 01:28:13.680
Another one? But remember they can't doesn't stop? You know why?

1711
01:28:13.760 --> 01:28:14.600
Right I do?

1712
01:28:14.960 --> 01:28:15.840
Okay, I'll let you go.

1713
01:28:16.399 --> 01:28:19.239
Well, go ahead, No, you don't tell me, tell me

1714
01:28:19.279 --> 01:28:20.039
what you think.

1715
01:28:19.840 --> 01:28:22.000
We got the biggest fight of the history of the world.

1716
01:28:22.199 --> 01:28:22.479
Stop.

1717
01:28:24.560 --> 01:28:29.279
Oh my god, this Friday night, Mike Tyson and Jake Paul.

1718
01:28:29.199 --> 01:28:32.279
Oh my goodness, who'd you got? Oh my goodness? Like

1719
01:28:32.560 --> 01:28:34.640
I really, people are actually gonna watch that.

1720
01:28:35.439 --> 01:28:40.319
Apparently that expectation is going to be boxing of all.

1721
01:28:40.199 --> 01:28:41.800
Time, will you be able to use his walker?

1722
01:28:43.199 --> 01:28:46.800
You're gonna put smack on Tyson's name, you better be careful.

1723
01:28:46.840 --> 01:28:47.680
He might be listening.

1724
01:28:47.800 --> 01:28:50.119
I know, I know it's hard to imagine Mike Tyson,

1725
01:28:50.239 --> 01:28:51.920
but I guess the guy that he's fighting is not

1726
01:28:52.119 --> 01:28:54.720
some top rank Oh.

1727
01:28:54.840 --> 01:28:59.640
He fights retired UFC fighters. Yeah, and that's where he's made.

1728
01:29:00.279 --> 01:29:01.720
He's a sale he's a salesman.

1729
01:29:01.800 --> 01:29:03.600
He's really good tickets.

1730
01:29:03.600 --> 01:29:05.640
He's a promoter, really good at something. Okay, Yeah, cause

1731
01:29:05.640 --> 01:29:07.720
I don't think he's as much of a threat to Tyson,

1732
01:29:07.760 --> 01:29:08.720
even though Tyson what.

1733
01:29:09.039 --> 01:29:10.159
Well, he's actually favored.

1734
01:29:10.960 --> 01:29:12.680
Yeah, Ty's got to be in his forties.

1735
01:29:12.880 --> 01:29:14.840
Vegas has that's I was gonna say, I have my

1736
01:29:14.920 --> 01:29:15.319
money on.

1737
01:29:15.319 --> 01:29:17.840
Tison's not in his forties, he's older than that. It's

1738
01:29:18.119 --> 01:29:19.439
Piggy's in his late fifties.

1739
01:29:19.520 --> 01:29:19.760
Paul.

1740
01:29:20.439 --> 01:29:22.439
Yeah, my money's on Paul.

1741
01:29:23.760 --> 01:29:26.039
I wouldn't put my money on anyone, but I am

1742
01:29:26.079 --> 01:29:27.319
definitely ruined for Tyson.

1743
01:29:27.439 --> 01:29:29.560
Well, if you if you're Mike Tyson, if you got

1744
01:29:29.600 --> 01:29:33.039
somebody that it is late fifties fighting a guy that is.

1745
01:29:33.199 --> 01:29:34.880
Mike Tyson is fifty eight years old.

1746
01:29:34.920 --> 01:29:36.199
And fight a guy in his thirties.

1747
01:29:36.319 --> 01:29:38.920
Does that make you feel old? Dave? That Mike Tyson's

1748
01:29:38.920 --> 01:29:39.359
fifty eight.

1749
01:29:40.199 --> 01:29:45.800
I wish I was fifty eight. Good answer. Anyway, the

1750
01:29:45.880 --> 01:29:49.720
Netflix did hit an all time high. Uh remember it

1751
01:29:49.840 --> 01:29:51.399
was the real reason a year ago or so they

1752
01:29:51.399 --> 01:29:54.600
came out with that ad supported Uh. There, it's gonna

1753
01:29:54.600 --> 01:29:56.880
be a cheaper version of Netflix, but you're gonna have

1754
01:29:56.920 --> 01:29:58.960
some ads. You don't got to pay for it, right,

1755
01:29:59.399 --> 01:30:04.840
so you're gonna have some commercials. Seventy million global monthly

1756
01:30:05.039 --> 01:30:09.920
active users of the pay of the pay version, seventy million.

1757
01:30:10.800 --> 01:30:11.479
That's amazing.

1758
01:30:11.560 --> 01:30:14.479
What do you mean of the pay Yeah, you're the

1759
01:30:14.520 --> 01:30:17.600
ones that use that doesn't come commercial are the ones

1760
01:30:17.600 --> 01:30:18.800
that's cost less.

1761
01:30:19.279 --> 01:30:21.039
It costs it's people are cheap.

1762
01:30:21.439 --> 01:30:23.760
Of course people are going to use that thing instead.

1763
01:30:24.119 --> 01:30:26.239
I wouldn't, but I mean you wouldn't.

1764
01:30:26.359 --> 01:30:27.760
I hate commercials. I'm with it.

1765
01:30:27.840 --> 01:30:30.399
Yeah, yeah, I don't. My Netflix isn't going to have commercials.

1766
01:30:30.960 --> 01:30:33.800
But apparently seventy million people are okay with that.

1767
01:30:33.960 --> 01:30:36.399
Yeah. Well it's a way to justify why I have

1768
01:30:36.520 --> 01:30:37.920
six other platforms that I use.

1769
01:30:38.039 --> 01:30:40.399
Well, I think what it tells you is how valuable

1770
01:30:40.640 --> 01:30:46.399
the Netflix platform is to people having access to that

1771
01:30:46.439 --> 01:30:50.000
they're willing to put up with commercials to be able

1772
01:30:50.039 --> 01:30:52.960
to afford it. It's pretty impressive. Actually.

1773
01:30:53.039 --> 01:30:54.880
You got also remember like this a lot of people

1774
01:30:54.920 --> 01:30:56.840
they're so used to commercials these days, because even if

1775
01:30:56.840 --> 01:30:58.880
you're on social media, like you still get on you

1776
01:30:58.920 --> 01:31:01.199
still got to go through ad here. You know, it's

1777
01:31:01.279 --> 01:31:03.319
kind of just your life at this point. You I'm

1778
01:31:03.319 --> 01:31:05.159
going to pay extra just to not have this one

1779
01:31:05.159 --> 01:31:06.640
I'm already used to in the first place.

1780
01:31:07.239 --> 01:31:12.279
We've talked on the show about cava restaurants. Cava Mediterranean grills,

1781
01:31:12.319 --> 01:31:13.920
I think is the technical savor.

1782
01:31:14.039 --> 01:31:15.680
I still have yet to be favor.

1783
01:31:17.800 --> 01:31:19.800
Honestly, I've been in. I've been in the Cava in

1784
01:31:19.880 --> 01:31:23.560
Orange County, California, and I only went into the Kava

1785
01:31:23.640 --> 01:31:25.640
because I was picking up salvage next door and that

1786
01:31:25.760 --> 01:31:27.880
was a cava. Oh, because I've heard a lot about it.

1787
01:31:28.119 --> 01:31:30.039
So I went in and there was a lady in

1788
01:31:30.039 --> 01:31:32.319
there with their two kids, and I spoke to her

1789
01:31:32.640 --> 01:31:35.560
a minute, and she said, the food is just incredible.

1790
01:31:35.960 --> 01:31:39.479
The flavors are just pewter bread and stuff. It's it's

1791
01:31:39.520 --> 01:31:41.960
a It's a Mediterranean Chipotle. If you're looking for the

1792
01:31:42.000 --> 01:31:44.960
next Chipotle, Uh, you might want to look at cava

1793
01:31:45.840 --> 01:31:48.920
peter bread instead of tortillas. Uh. It's been on fire.

1794
01:31:49.119 --> 01:31:53.920
Tripled in the last twelve months. Added another sixteen percent

1795
01:31:54.000 --> 01:31:55.800
to a new all time high at the open on

1796
01:31:55.880 --> 01:32:00.000
Wednesday after get this, after reporting same store sales increased

1797
01:32:00.560 --> 01:32:05.720
eighteen percent in the quarter. That's amazing, same store sales

1798
01:32:05.800 --> 01:32:09.439
increased eighteen percent. You typically see two and three percent increases.

1799
01:32:09.880 --> 01:32:14.159
Eighteen percent increase, but weird. I stocked up sixteen percent

1800
01:32:14.199 --> 01:32:16.680
to a new all time high, and then it cratered.

1801
01:32:17.800 --> 01:32:20.319
It cratered. I mean it ended up the week four

1802
01:32:20.319 --> 01:32:23.279
percent lower. So it gave up that entire sixteen percent

1803
01:32:23.279 --> 01:32:27.039
plus another four percent on no News. I think people

1804
01:32:27.119 --> 01:32:30.760
looked at the price earnings ratio at four hundred times earnings.

1805
01:32:30.800 --> 01:32:35.359
That's it. Yeah, I thought, give me a thought, Well,

1806
01:32:35.520 --> 01:32:37.039
that might be getting a little price to hear.

1807
01:32:38.119 --> 01:32:40.760
I'd like to try one none of twoson though.

1808
01:32:41.880 --> 01:32:47.800
The Starbucks got a rare downgrade last week. Analyst moved

1809
01:32:47.800 --> 01:32:48.359
it from you.

1810
01:32:48.479 --> 01:32:52.000
You know why they're buying thousands and thousands of Sharpies.

1811
01:32:52.079 --> 01:32:53.760
Yeah, you really hung up on the sharp.

1812
01:32:53.600 --> 01:32:55.439
I'm tired of it. I'm so annoyed by it.

1813
01:32:55.680 --> 01:32:57.760
Can you give us a quick explanation.

1814
01:32:57.279 --> 01:32:59.720
A big explanation. So what's his name again? I'm sorry,

1815
01:33:00.399 --> 01:33:03.600
Brian Nichols. He is overtaking Starbucks and has all these

1816
01:33:03.640 --> 01:33:06.439
new great ideas. He is gonna buy a one hundred

1817
01:33:06.439 --> 01:33:09.520
thousand Sharpies and put them all the Starbucks because he

1818
01:33:09.600 --> 01:33:11.680
needs to go back to his roots. Starbucks needs to

1819
01:33:11.720 --> 01:33:14.279
go back through their roots. They need to be more personable.

1820
01:33:14.319 --> 01:33:16.640
They need to draw hearts on your cups before they

1821
01:33:16.680 --> 01:33:18.439
send you on your way to have a good day.

1822
01:33:18.520 --> 01:33:21.319
Dad thinks one hundred thousand Sharpies is gonna put Starbucks

1823
01:33:21.359 --> 01:33:21.720
in the hole.

1824
01:33:21.920 --> 01:33:24.239
I just think that you're paying this guy's tons and

1825
01:33:24.239 --> 01:33:26.279
tons and tons and tons of money, and this is

1826
01:33:26.319 --> 01:33:27.840
the best idea you got, Sharpies.

1827
01:33:28.159 --> 01:33:30.560
Let's say he has so far. Let's say he has

1828
01:33:30.600 --> 01:33:33.199
been on the job now for sixty days and he's

1829
01:33:33.239 --> 01:33:36.800
working from home. Okay, so don't forget that. So let's

1830
01:33:36.840 --> 01:33:40.880
say he's had fifteen ideas, and you're gonna pick on

1831
01:33:40.920 --> 01:33:41.920
this one idea.

1832
01:33:41.960 --> 01:33:44.840
Well, I didn't like the other one either. He wanted

1833
01:33:44.840 --> 01:33:47.119
to buy ceramic mugs. That way you could hang out

1834
01:33:47.600 --> 01:33:50.920
at Starbucks instead. You know, screws get away with the

1835
01:33:50.920 --> 01:33:55.039
plastic he wants people to stay in and have multiple

1836
01:33:55.039 --> 01:33:58.119
cups of coffee, which I understand cool in theory. I

1837
01:33:58.159 --> 01:33:59.239
just don't think it's gonna happen.

1838
01:33:59.439 --> 01:34:01.640
He's one of the more highly thought up CEOs in

1839
01:34:01.680 --> 01:34:05.159
the country. He was a former CEO of Chipotle and Starbucks.

1840
01:34:05.640 --> 01:34:09.199
Spirit got him away from them. Was seen as doc

1841
01:34:09.319 --> 01:34:11.399
jump twenty five percent the day was announced, and it

1842
01:34:11.439 --> 01:34:15.319
has held that gain through thick and thin hasn't really

1843
01:34:15.359 --> 01:34:17.800
added to it much. But that's that's the heck of

1844
01:34:17.840 --> 01:34:20.479
a spike. What I have noticed, though, is there doesn't

1845
01:34:20.520 --> 01:34:24.239
seem to be any downside almost regardless of what happens.

1846
01:34:24.239 --> 01:34:26.960
On Wednesday, the stock was downgraded from hold to sell.

1847
01:34:27.199 --> 01:34:30.640
Didn't care. On Friday the stock market was down a

1848
01:34:30.680 --> 01:34:33.800
percent and a half, didn't care. Stock just sat there.

1849
01:34:34.000 --> 01:34:35.159
Likes that ninety seven range.

1850
01:34:35.319 --> 01:34:37.239
I think they like Ryan Nichols and they're just waiting

1851
01:34:37.279 --> 01:34:39.520
for the next magic to happen. Yeah.

1852
01:34:39.520 --> 01:34:42.039
We saw the VIX, which is the volatility in Chris

1853
01:34:42.159 --> 01:34:44.800
Index for the S and P five hundred increase on Friday.

1854
01:34:44.840 --> 01:34:48.760
That will could potentially lead into Monday because next week

1855
01:34:48.800 --> 01:34:51.399
again on Wednesday, we get the big Navidia earnings report.

1856
01:34:51.760 --> 01:34:53.560
That's going to be the biggest market mover that we

1857
01:34:53.600 --> 01:34:55.960
see next week might be the biggest we see until

1858
01:34:55.960 --> 01:34:59.239
the December FED meeting, that is where potentially they don't

1859
01:34:59.279 --> 01:35:01.600
cut rates. That could be a big deal, But for

1860
01:35:01.680 --> 01:35:03.840
now they actually say that's a pretty good chance that

1861
01:35:03.840 --> 01:35:05.159
they're going to And even if.

1862
01:35:05.119 --> 01:35:07.680
You knew what Nvidia's earnings are going to be next week,

1863
01:35:07.760 --> 01:35:09.840
you wouldn't know how to react to it. Uh, it

1864
01:35:10.319 --> 01:35:13.079
isn't even so much about the earnings, it's about the

1865
01:35:13.159 --> 01:35:16.520
reaction to it, the perception of the earnings, what the

1866
01:35:16.720 --> 01:35:19.760
what the market sees, what the analysts see, what investors believe,

1867
01:35:20.159 --> 01:35:23.359
what their expectations are. Their expectations are always sky high

1868
01:35:23.880 --> 01:35:26.319
with n Video, but at some point they're going to

1869
01:35:26.359 --> 01:35:28.439
disappoint and it's going to be it's going to be ugly,

1870
01:35:28.880 --> 01:35:30.880
but let's hope it's not this quarter. But if you

1871
01:35:30.920 --> 01:35:32.199
want to know where the market is going to go

1872
01:35:32.319 --> 01:35:35.760
next week, just watch what Nvidia does. Again, we're doing

1873
01:35:35.760 --> 01:35:38.800
an awful lot of financial plans, uh, people coming in

1874
01:35:38.840 --> 01:35:44.279
two and three a day, riscanalyzing risk analysis that Bashon

1875
01:35:44.319 --> 01:35:47.399
talked about earlier. We're happy to do that. However, we

1876
01:35:47.439 --> 01:35:51.039
can help if it means business for us, that's wonderful. Uh.

1877
01:35:51.119 --> 01:35:54.119
If it helps you, that's even more wonderful, because that's

1878
01:35:54.119 --> 01:35:56.319
really what we're here for. We all want to be

1879
01:35:56.399 --> 01:35:59.520
happy because happy is good, right, And we all want

1880
01:35:59.520 --> 01:36:02.760
to be healthy because if we're not healthy, we're probably

1881
01:36:02.840 --> 01:36:05.840
not happy. And at Greenberg Financial, what we really want

1882
01:36:05.880 --> 01:36:08.800
to be is profitable to you next week