Selling in the Last 2 Weeks; Opportunity or Warning?

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Good morning everyone. Welcome to the
Money Matter Show. And you're right,

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this is not Dean Greenberg. All
I wish I had Dean Greenberg's radio voice.

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That'd be nice. Huh. So
this is the Money Matter Show.

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You have Sebastian Borsini, you have
Todd Klick Jr. And you have Dave

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Sherwood. He said, I kind
of say, click, didn't I heard?

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I'm sorry. Todd Goolick Junior and
Dean and Dylan are traveling. We

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are fortunate to have several NFL players
who are clients of arms, and they

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refers to other NFL players and those
and those NFL players because they're NFL players

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like to be visited because they can. Right. Absolutely, it's pretty cool

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to be part of the NFL side
of things, you know, have some

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clientele within that. Yeah, it's
very cool and it's a nice connection.

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What an interesting week, What a
wild week. Since October, the market's

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been rallying very steadily on the belief
that the Fed is not only unraising interest

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rates, but are going to be
cutting interest rates as many as six times

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this year. We've been poo pooing
that for six months now. To be

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fair, part of the rally was
also due to AI, which had nothing

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to really do with the interest rates. Good point. AI is absolutely a

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factor in this, But I think
the primary thing that was driving it is

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the FED is not going to be
raising rates. In fact, they're going

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to be lowering it. And with
the narrative, for sure, they were

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trying to build that narrative, and
with the Fed your friend. Well,

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now, the economy news over the
last few weeks and then the CPI report

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on Tuesday, I think it was
that inflation is as high as it's been

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since last September. We're going in
the wrong direction. So the next Fed

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move probably won't be the raise rates, but I think we can say that

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the lowering rates is probably off the
table for the foreseeable future. They have

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a meeting coming up at the end
of April. Clearly rates are not going

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to be another rate another meeting in
early June. That's not happening. I

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don't think that's going to happen.
So you've got July, which is starting

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to get kind of close to the
election, and then September, which just

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won't happen. I mean, the
only way you have July is if the

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economic numbers just get bad. In
a hurry and you just don't see it.

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But maybe if they got bad and
then over the course of two months,

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they have a reason to then do
it in July. But right now

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there's no reason. I guess the
good news is we've been saying that the

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thing that we would like to see
is no rate cuts, because the rate

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cut means something's broken, something's wrong, something's gone south. We don't want

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any rate cuts. Rates are normalized. We're looking at rates. They are

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pretty normal, historically normal. Now
they don't need to cut race. There's

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no reason for them to cut race
in this environment. If that is the

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thesis for let's say todd your AI
points very well taken, let's say that's

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the thesis for a third of the
rally, well, then you need to

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take some off the table, right
and S and P five hundred gave up

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one point six percent this past week, down two point five percent for the

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month, giving up roughly a quarter
of what we made during the first three

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months of the year. And I
think, honestly, I think that's reasonable,

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very healthy. It's what you want
to see. Five thousand is where

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you five thousand where I would like
to see the S and B get to

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for a real healthy correction, and
then from there it looks like a really

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nice leg, nice base to form. I mean, you don't want things

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to grow to a sky, right, So that rally for a while there

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looked like a tree, and that's
you don't like seeing that because that's where

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big crashes happen. So seeing it
kind of just consolidate nice and easy.

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Over these last couple of days,
Over this last two weeks, it's been

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very healthy. It taken two and
a half percent off the S and P

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take another two percent, two and
a half percent off, you had a

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five percent correction. That's healthy,
it's containable, and it's I think probably

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an opportunity to be buyer. To
be a buyer absolutely, I mean,

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especially with what we're seeing with interest
rates right now. I mean, the

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whole game is kind of getting reset
right people, the expectations of what people

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think is going to happen, and
getting reset. We know that the higher

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for longers life likely going to happen. That The interesting thing is, again

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going back to classical studies, higher
interest rates means lower growth supposed to mean

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that, but we're not seeing that
in the stock market, earnings or the

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guidance or any of that stuff.
So does rates ever impact businesses who know

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at some point they will they're supposed
to write. We saw back in October

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when rach hit five percent on the
ten year treasury, it was the market

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was pretty sad. Yep, And
just to take a long term view of

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it, step back and look at
it. Five months ago we were at

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five percent on the tenure. It
dropped down to three point nine. We're

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back to four point five. Yeah, we're not dramatically off of the worst

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levels that we saw, and you
know, so that's that's something that the

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market's wrestling with here and when before
we've been digging all the disclaimers disclaimer to

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read. The show was sped by
Greenbird Financial Group and you can listen or

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iHeartRadio discuss different investment products and strategies. Every product is strategy have some type

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of inherent risks, and we strongly
encourage our listeners to probably understand the risks

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to determine whether buy or sell.
The show has been on the air for

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over thirty years. The green Financial
Group is registered with the SEC and a

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member of and Civic. Visit our
website at Greenberg Financial dot com for more

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information. Thank you, Sebastian.
Oh problem, I like to at the

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end of the week, Uh,
take a look at kind of what were

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the big headlines for the week this
past week. It was it was really

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easy to figure out the number one
headline the solar eclipse, right, I

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mean, that's all anybody was talking
about for days. Uh. Globally,

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you know, globally those happen every
eighteen months, but it it's been seven

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years since it's happened in the United
States. People traveling over a thousand miles.

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I knew somebody who's traveling a thousand
miles to be there when they there

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was a full yeah, fully clips. And I'm not that in on that,

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all in on that there are my
drive one thousand miles to experience it.

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But apparently some people are really really
interesting. You know, it's interesting.

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Here's the interesting park. So the
Sun is four hundred times bigger than

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the moon. So how is it
possible for the moon to block out the

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sun? It's called perspectives. Yeah, and you know why. Interestingly interestingly,

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the Sun is four hundred times further
away than the moon. Wailah,

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there you go, solar eclips That
was kind of cool. You know,

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we were talking about this that they
had before that was in this little Murphy's

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Borough, Illinois. And if you're
from Murphy's Borough, shout out to the

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Murphs or whatever they are. Right. So, the city of seven thousand

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people, about one hundred miles south
of Saint Louis. They had two hundred

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and thirty private planes and forty five
jets large jets passenger jets sitting at the

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airport. They didn't know what to
do with them. They had them in

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fields and they parked all over the
place because they were right in the middle

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of the solar eclipse. Oh interesting. It was a big deal to a

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lot of people. I wonder how
it affected the pilots, like in the

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air. Yeah, can you imagine. I saw a video of someone flying

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and the solar eclips happening and just
get start. Yeah it's cool. Yeah,

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I mean, I guess I Anyway, it was. It was a

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big event, not gonna happen again
for twenty years, I guess right.

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I liked all the all the scare
tactics. I don't know. I saw

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it on Twitter and Facebook, just
stupid little things like make sure you have

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a communication plan with your loved ones, make sure you fill up your gas

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tank because we're not gonna like it
was just I don't understand why they were

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saying it. It's crazy. It
does give me an appreciation of ancient times,

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though, when you didn't know what
was going on. And the one

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thing that really impresses me is that
they can call these things years in advance

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to the second. I mean,
there's some smart people out there figuring this

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thing out. Second biggest, and
then you have the same wait, and

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then you have people who believe in
the flat earth. Yes, it's like

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if we had a flat earth,
how could they predict it? Yeah,

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my daughter has my daughter has a
friend who's a flat earther, and I

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mean she is absolutely animant about it. I want to know what their basis

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is on that, But I just
love the clippe no that they have a

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whole bunch of basses so you outside
and look it's flat, Come on hello.

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It is odd, though, isn't
it? It is odd that someone

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would think that. I think the
number two headline happened on Friday, and

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that's this US Defense Department coming out
and saying there's a very high probability of

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Iran attacking Israel within the next twenty
four to forty eight hours. Just is

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on Friday. Now, full disclosure, we record this show Friday after the

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market closes, so it's uring Sunday
morning. The attack would have happened by

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now if it's going to it all. So we hope it didn't and we

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hope if it did, it was
something more of a skirmish. But those

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kinds of things do really Gold flying
this morning. Not only that, you

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saw oil catching a huge oil bonds
people are buying bonds, you know,

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interest rates have been rising. I
dropped dropp pretty good today because people were

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buying bonds from a flight to safety. But it was interesting because you're right,

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it was a flight to safety.
They caught a bid and then right

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after what happened, just dropped off
gold. Interestingly, gold spiked seventy five

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dollars on ours this morning and finished
the day down twenty bucks. So that

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to me, that's a good sign. So hopefully we hopefully you're listening to

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this on Friday morning. All's quiet
in the Middle East and this was much

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ado about nothing, but it was
interesting. It will be cool to see

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how the market thinks though, you
know what I mean, Yes, and

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if it doesn't happen, maybe the
market did know. Maybe efficient market hypothesis,

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there's something behind that. Well.
I was watching I was watching gold.

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I was watching gold and feeling a
lot better about it not happening with

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gold. But when gold was a
seventy five bucks an ounce Friday morning,

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I said, oh man, this
is not good. And then it gave

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up all that and then so I'm
down about one hundred bucks. For sure,

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I was thinking the same thing.
But if we're going back to what

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kind of the news of the market
this week, Like we said, we

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had the CPI that came out on
Tuesday, right, that's my third headline,

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Okay, go for we wanted to
make sure. So the third it

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was Tuesday, Wednesday we got CPI, I think it was Wednesday. That's

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where we learned that it came in
higher than expectations, and then that caused

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interest rates to surge because the idea
that they're not going to lower rates.

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And then the next day we got
PPI, the Producer Price Index, and

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that's the one that the I mean, I guess it's not as much followed.

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It's not like the PCE that the
FED likes to work. But the

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PPI does give you an idea of
what the producer's inflation is, and it

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came in actually lower than expectations.
So it was funny to see stocks on

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Thursday cutch a huge bit. It
just kind of rallied in the face of

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kind of a whole different idea of
what ent the picture will look like.

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But even still, we saw a
huge rally on Thursday, and then Friday

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morning, like you said, day
we got this new news about this potential

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escalation in the war, so a
whole bunch of trading up and down.

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The Vicks today got skyrocketed. It's
super high now, so we're seeing a

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lot of volatility. The Volatility Index
and that is on the five hundred and

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it's it's indicator for fear. Yeah, a lot of people don't know what

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The VIX is finished up sixteen percent, but out of time, yeah,

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it was up twenty five percent.
And when that increases, it's an idea

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that just the overall market and participants
are unsure about their valuations. Right,

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they're trading more than they were previously, so they're when you have hunch,

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when you have uncertainty, you have
volatility. We've been saying for weeks.

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There is a very high degree of
complacency in the market. There is no

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risk goals and no risk trade.
Right. And yet I've watched gold,

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and I've watched gold for forty two
years, and gold does not move like

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this. I mean gold doesn't.
I mean even before Friday, even before

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the news on Friday, gold had
hit an all time high. It was

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up eighteen percent in just six weeks. Again, gold does not move like

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that. Gold might move three percent
a month, it doesn't move eighteen percent

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in six weeks. If you look
at the chart, it's parabolic, absolutely

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parabolic. And it's making me wonder
why. Because gold is supposed to move

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inversely to the US dollar, but
because of rising interest rate, it's the

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US dollar is rising. Well,
there isn't a point that gold is a

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commodity, right and question and at
a certain point, even if if you

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know there is a supply and demand
aspect to it, right, I mean,

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look at coco, look at copper, look at there are a lot

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of commodities that are catching some big
bids right now. So if you just

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look at it, maybe from a
commodity standpoint, maybe that's why. Here's

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one of my theories tell me if
this holds water. This gold rally began

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when Costco started, say, selling
gold bars true online. They don't make

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much money on it. It's more
of a lost leader, but it gets

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you on their website, it gets
you involved in in Costco. But this

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gold rally started almost exactly when Costco
started selling gold bars online, and they're

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selling around two hundred and fifty million
dollars worth of gold every month. Yeah,

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so here's why I don't think it
holds water. If we looked at

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what the stock market is and we
looked at retail investors, the percentage of

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volume that retail investors make up,
it's normally pretty abysmal, like ten to

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fifteen percent of the actual volume of
a market. And so that's who we're

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talking about, retail investors that are
the ones that are buying these gold bars

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from sugar, from Costco. So
the overall market of gold, which we're

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talking thirteen trillion dollars, two hundred
and fifty million dollars, doesn't really move

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the needle. That was my first
thought, is this really enough to make

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a difference? On a thought was
probably not. Yeah, it's a thirteen

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trillion dollar market cap, isn't it
weird how the rally it is a coincidence,

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just a weird coincidence. Yeah,
it is funny. You hear it

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all the time. People are loving
the idea of going to costco and they

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don't know why they're selling it for
so cheap. Yeah. Yeah, they're

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selling out all the time, selling
out everyone every time they and they're they're

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just probably because typically on a wh
when you're making a gold purchase, you're

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you're looking at a ten percent or
so commissioned and they're rafted by I thinks

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marketing it up one and a half
or two percent. Maybe that's part of

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it. But you're buying that all
time high. Yeah. And also I

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think what like you said to I
mean, if it's so, you said,

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two hundred and fifty million dollars a
million a month, a million a

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month, and so like yeah,
I mean it's like millions is a lot.

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But when you get that the trillions, Yes, millions are like pennies

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to the trends, a lot of
gold though, two hundred fifty million dollars

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a month, there's a lot of
gold. Yeah, but thirteen trillion,

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I'm with you, I'm with you. Interestingly, you know the market it

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finished. Todd, you said it'd
be nice to see it tick down around

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five thousand. Maybe it's a little
bit under. We finished at fifty one

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to twenty three, so that's only
another two percent. We talked a little

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bit about it. It's interesting Tuesday, Wells Fargo raised there you're in price

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target on the S and P to
the highest of anyone on Wall Street.

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Fifty five thirty five is their target
for the S and P a year in.

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That's six percent above where we are
right now. Yawn, you know,

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yeah, I mean that that's the
highest anybody thinks it could possibly go

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before year in six. I mean, I think it makes sense because we

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should see like another two percent,
get around five thousand, and we should

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build a base back up to around
fifty three to fifty four hundred. But

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then once we get to that point, I don't see what the catalysts are

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what's going to move us on and
if anything, you just have a whole

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bunch of volatility events that are going
to cause people not to want. They're

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going to make a reason not to
buy and an election. Whatever we may

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be. Ernie's reports have been good, but we're not getting those rate cuts

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that we thought we would be getting
and that's the other side of it.

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And now it's guidance. Right,
what these companies say is guidance is going

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to be the biggest deal. It's
huge because that's what investors don't know now,

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right. They don't know how these
rates are going to impact companies.

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They have to have the companies tell
them. If Morgan Chase came out on

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Friday with earnings report beat, revenue
beat, net income handily, loan loss

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reserves were down, but they didn't
increase their guidance. Stocks sold off six

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Yeah, you know, Constellation had
a great earnings and they just got caught

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up in a bad day right where
there was systematic risks with people don't know

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00:16:30.039 --> 00:16:34.279
unsystematic and systematic. Actually you explain
this, I think I had it backwards

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in my head, because unsystematic is
is the is market risk, right,

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Dave. No systematic would be reverse
okay, see market risks as in okay,

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just being in the markets, right
where unsystematic risk is like something happened

250
00:16:51.000 --> 00:16:56.600
in Constellation when politically something happened.
Systematic would be a redustry. Specific systematic

251
00:16:56.639 --> 00:17:00.159
would be its raining and you get
wet. Unsystematic would be somebody dug about.

252
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So the reason I yeah, So
the reason I bring that up is

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Constellation had a great earnings, but
it was in a day where interest rates

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were skyrocketing and all stocks were selling
off. Yeah, so it just couldn't,

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you know, it couldn't get that
momentum that it needed. So it

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could be things like that where you
have great earnings out of the company,

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but it's just on the wrong day. This one's not about earnings. For

258
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solar. Interest rates, you know, huge pop and this was an interest

259
00:17:26.519 --> 00:17:32.000
rate play for US interest rate sensitive
play for US rates go up for Solars

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00:17:32.079 --> 00:17:33.640
up. That doesn't quite make sense
to me, but we'll take it,

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00:17:34.200 --> 00:17:41.000
right. Yeah, it's been acting
different lately. First Solars typically an interest

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00:17:41.079 --> 00:17:45.440
rate play because again, the lower
interest rates are, the more solar makes

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00:17:45.480 --> 00:17:48.440
sense economically, right, right,
So as interest rates come down, First

264
00:17:48.480 --> 00:17:53.000
Solar should go up. And what's
happened lately is First Solar has been flying

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00:17:53.640 --> 00:17:59.319
with interest rates rising. Yeah,
it makes sense. It was down with

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interest rates and it was Yeah,
Friday was down with interest rates down.

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Fitch finally downgraded China to a debt
to a negative. They're outlooked from from

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negative and Moodies did that back in
December, and you have to say,

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Fitch, what are you doing?
Where you been? You know, it's

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00:18:15.119 --> 00:18:19.599
like one of these analysts two has
a stock that's a hold from fifty to

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00:18:19.599 --> 00:18:22.720
twenty and a twenty ghost to seale. Where were you for the last thirty

272
00:18:22.759 --> 00:18:26.519
dollars? How about the last thirty
bus Probably it got me out thirty bucks

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00:18:26.519 --> 00:18:29.640
ago that It is really interesting day
that you mentioned, like because if you

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look at the the US dollar currency
indecks, it's the DXY. People don't

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know year to day, it's up
four and a half percent. Yeah,

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00:18:36.759 --> 00:18:40.200
it's been fine, so it's it's
in the So what that means is for

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00:18:40.200 --> 00:18:44.160
people who don't know, like why
the value of dollar would change when you

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00:18:44.240 --> 00:18:48.519
have higher interest rates, the value
of that dollar will be more. And

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00:18:48.559 --> 00:18:51.240
that's across the board in any country, and that's kind of how it works.

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So the bonds and they're all kind
of moving together. And so when

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Dave says that gold is and priced
in dollars, well, obviously it is,

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and so that has a huge impact
of it. But we're not seeing

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that at all. We're seeing kind
of like a correlation which is not normal,

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not at all, it's completely backwards, and we you know, a

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little bit of housekeeping. I guess
probably from last week on McDonald's. We

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00:19:15.119 --> 00:19:19.480
had talked about McDonald's and how they
were boycotting the McDonald's hamburgers, and the

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00:19:19.519 --> 00:19:23.319
franchise says franchise. He said,
we want out and we're going to sell

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00:19:23.319 --> 00:19:26.920
these back to you. Get get
us out of here. It wasn't that

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00:19:26.039 --> 00:19:30.839
at all. Fortunately, we have
a client who's a retired executive from McDonald's

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00:19:32.319 --> 00:19:34.799
and he got a hold of me
last week and that's not really what happened.

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So what happened is and we wondered
why McDonald's specifically, and it turns

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00:19:41.920 --> 00:19:47.880
out this client knows an awfully a
lot about McDonald's. He was an executive

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there. McDonald's in Israel was giving
free meals to IDEF forces. They were

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giving free meals essentially to the Israeli
army. Surrounding countries in protest, decided

295
00:20:00.519 --> 00:20:07.119
to boycott McDonald's because of them feeding
the Israeli soldiers. McDonald's decided to buy

296
00:20:07.160 --> 00:20:12.160
the franchises rather than them being sold
to McDonald's. In the panic, McDonald's

297
00:20:12.160 --> 00:20:15.559
went and bought them. They said, there is a clause in the franchise

298
00:20:15.599 --> 00:20:22.720
agreement that gives them the ability to
buy franchises back if something's going wrong,

299
00:20:23.359 --> 00:20:27.680
rather than destroy the entire company,
right, which makes sense. So McDonald's

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00:20:27.680 --> 00:20:32.960
actually said to this Israeli group,
we are buying back all of these restaurants

301
00:20:32.960 --> 00:20:37.720
and we'll keep feeding them where to
go. So we want to thank thank

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00:20:37.759 --> 00:20:41.640
you Mike for for letting me know
that I was We were actually all off

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00:20:41.680 --> 00:20:44.680
base. I think Todd is probably
the most online with it because he's like,

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00:20:44.720 --> 00:20:48.319
that makes no sense. Yeah,
I had such a hard time last

305
00:20:48.319 --> 00:20:52.720
week understanding that the McDonald's in Israel
would be But why wouldel citizens be boycotting?

306
00:20:52.920 --> 00:21:00.200
Right? Right? And it wasn't
right. But apparently the non Israelis

307
00:21:00.279 --> 00:21:04.799
in Israel makeup enough of the population
they were really hurting that could make sense

308
00:21:04.880 --> 00:21:10.599
sales of McDonald Yeah, I could
see that. And it's funny because I

309
00:21:10.680 --> 00:21:14.000
was picturing the franchisees in Israel saying, man, this is falling apart,

310
00:21:14.279 --> 00:21:17.200
get us out. Well, that
isn't it at all. It's the reverse

311
00:21:17.240 --> 00:21:21.119
of that. And they might actually
not even have wanted out at all.

312
00:21:21.599 --> 00:21:26.000
But they had no choice. Calendar
for next week, not a lot going

313
00:21:26.039 --> 00:21:29.759
on next week. We got retail
sales on Monday, and that's pretty much

314
00:21:29.799 --> 00:21:32.039
it. Kind of the middle of
the month. Me and STEVEA has had

315
00:21:32.039 --> 00:21:37.039
an interesting talk about gold this week, and I think it's very it's very

316
00:21:37.119 --> 00:21:41.599
keen to understand that money, any
version of money in the commodity, is

317
00:21:41.640 --> 00:21:45.680
only as valuable as if you can
bring it to market. I could be

318
00:21:45.720 --> 00:21:49.319
on the island and have eighteen tons
of gold, right, How rich am

319
00:21:49.319 --> 00:21:52.960
I dead? Yeah? Not at
all? Right, all I can't do

320
00:21:52.000 --> 00:21:55.160
anything with it. I have no
one to sell it to. Now I

321
00:21:55.160 --> 00:21:57.079
could be in the middle of the
Shara desert with a trillion dollars in US

322
00:21:57.200 --> 00:22:00.519
dollars. Who does it matter?
What does it matter? You were trying

323
00:22:00.519 --> 00:22:06.480
to can't We're trying to fight the
comment of bitcoin has no intrinsic value and

324
00:22:06.559 --> 00:22:08.839
what else doesn't have intrinsic value?
At that point, Well, I care

325
00:22:08.880 --> 00:22:11.640
all the time the well bitcoin is
not backed by anything, Well what's the

326
00:22:11.720 --> 00:22:18.559
US dollar back by? Or well
it's like everything is based backed on trust.

327
00:22:18.640 --> 00:22:21.359
Like if I don't have an ability
to bring you gold and you don't

328
00:22:21.359 --> 00:22:23.799
find it valuable, then what do
I have nothing to you? Right?

329
00:22:23.839 --> 00:22:26.519
I might think it's valuable, but
to you it's not. So it takes

330
00:22:26.519 --> 00:22:30.039
a society. It's a form of
communication. Yeah, that's all what money

331
00:22:30.160 --> 00:22:33.960
is, and it's accountability tool.
I like it. So gold is only

332
00:22:33.960 --> 00:22:37.799
as valuable as if you can use
it. For all those doomsdayers out there

333
00:22:37.799 --> 00:22:41.759
who think they can use it in
a scenario where nuclear war happens or something,

334
00:22:41.920 --> 00:22:45.720
who you outa Yeah, I'll always
like to look at the breakdown of

335
00:22:45.759 --> 00:22:48.640
the inflation when the report comes out
every month because it's such so interesting,

336
00:22:48.720 --> 00:22:52.559
like this this past this past month. The biggest these are year over year,

337
00:22:53.000 --> 00:23:02.440
the biggest increases in frozen non carbonated
juices and drinks. What frozen non

338
00:23:02.480 --> 00:23:06.759
carbonated juice is like orange juice?
I guess right? Of twenty seven percent

339
00:23:07.319 --> 00:23:12.240
this year over year twenty seven percent
be frozed eleven percent, baby food ten

340
00:23:12.279 --> 00:23:17.279
percent. Come on, you're killing
me here. How about how about video

341
00:23:17.279 --> 00:23:22.960
disc and other media thirty percent?
Thirty percent? Motor vehicle insurance, which

342
00:23:22.000 --> 00:23:26.440
we know about, is up twenty
two percent because motor vehicle repair is up

343
00:23:26.480 --> 00:23:30.799
twelve percent. There you go.
We don't really want the insurance company not

344
00:23:30.400 --> 00:23:33.880
to not to be doing well,
right, Yeah, and you know rents

345
00:23:33.119 --> 00:23:37.599
still high. YEP, oil prices
is the biggest and so for people I

346
00:23:37.880 --> 00:23:41.880
learned this week, like it it's
about an eighteen moff lag for housing data

347
00:23:41.920 --> 00:23:45.519
to be showed up into CPI.
Okay, so anything happening today, right,

348
00:23:45.559 --> 00:23:48.200
won't show up until eighteen months from
now in the CPI. But I

349
00:23:48.240 --> 00:23:52.319
think it was absolutely oil was the
primary move, one hundred percent. But

350
00:23:52.359 --> 00:23:53.400
I think what people are like sometimes
they think about, like, oh,

351
00:23:53.440 --> 00:23:56.240
housing went down last month, why
is CPI. It's like that's time.

352
00:23:56.359 --> 00:23:59.400
It takes a long time for it
to be fact. I think didn't we

353
00:23:59.480 --> 00:24:02.680
decide how was a forty one component
or something like that. It's at least

354
00:24:02.680 --> 00:24:06.920
a shelter, they call it shelters. At least a third would apartments rent?

355
00:24:07.000 --> 00:24:11.039
Right, So again, we appreciate
you joining us on this Monday Sunday

356
00:24:11.039 --> 00:24:15.079
morning, and we do Miss Dean. It'll be back next week and uh,

357
00:24:15.359 --> 00:24:18.720
we'll be back right after this break
because this is the Money Matter Show

358
00:24:18.720 --> 00:24:22.000
and we got more to go.
Thanks for listening. Welcome back to the

359
00:24:22.000 --> 00:24:23.519
Money Matter Show. My name is
Sebastian border Sini. I'm here with Todd

360
00:24:23.599 --> 00:24:29.880
Clifton Junior and Sure fine, Yeah, there's some interesting numbers we want to

361
00:24:29.920 --> 00:24:32.960
point out here. On the week, the doll was down two point four,

362
00:24:33.039 --> 00:24:36.519
s and P down one point six, and the NASDAK down point four.

363
00:24:36.720 --> 00:24:38.920
So what we're seeing there right,
just off the bat, technology had

364
00:24:38.960 --> 00:24:44.480
a great week in relative terms,
right, obviously finished the lower but in

365
00:24:44.559 --> 00:24:47.400
terms of the overall market because if
we're looking at the equal way to S

366
00:24:47.440 --> 00:24:49.359
and P, it's down two point
six versus the S and p's one point

367
00:24:49.440 --> 00:24:53.839
six. So the broad market found
a harder time this week than those those

368
00:24:53.920 --> 00:25:00.960
magnificent seven socks. Yeah, it
kind of makes sense, but not really.

369
00:25:00.880 --> 00:25:04.160
I mean interest rates went up that
should have affected the top seven just

370
00:25:04.200 --> 00:25:07.160
as much. I mean the rally
that we saw on Thursday, I wouldn't

371
00:25:07.160 --> 00:25:11.920
really call that broad. All I
saw was, you know, tech stocks

372
00:25:11.039 --> 00:25:15.240
going up. I guess that was
actually down. That was down all five

373
00:25:15.319 --> 00:25:18.000
days, right, the thirty stock
down. That's why we don't follow it.

374
00:25:18.039 --> 00:25:21.640
You know what it might have been
is a flight to safety. You

375
00:25:21.680 --> 00:25:25.240
know, where the quality companies are
your safety? And why would the Dow

376
00:25:25.319 --> 00:25:29.119
be down every single day? Well
because they only have a component of some

377
00:25:29.160 --> 00:25:32.880
of those top seven quality companies that
people think are safe like in the video,

378
00:25:32.920 --> 00:25:34.240
like a Google, like an Apple
like. I'm watching the battle between

379
00:25:34.279 --> 00:25:38.839
Boying and Intel to see who can
go out of business for two of the

380
00:25:38.960 --> 00:25:44.799
worst performing stocks this year. It's
just unbelievable. Boying has a calleen fall

381
00:25:44.839 --> 00:25:52.720
off of a jet and then Intel
China says that their telecom companies cannot buy

382
00:25:52.759 --> 00:25:56.200
any more American chips after twenty twenty
seven. And that was after Intel.

383
00:25:56.240 --> 00:26:00.240
Now keep in mind, this is
one of the hottest ship markets ever and

384
00:26:00.240 --> 00:26:04.279
and Intel just can't even get out
of their own way until releast something on

385
00:26:04.319 --> 00:26:07.160
it. I want to say that
it was Tuesday that they're releasing a chip

386
00:26:07.240 --> 00:26:11.759
that is going to compete with in
videos. Yeah, yeah, that gave

387
00:26:11.799 --> 00:26:15.759
it no pop in his sock price. Well so it did, but it

388
00:26:15.880 --> 00:26:18.839
went down right now, it did
pop that day, it went up what

389
00:26:18.960 --> 00:26:22.559
thirty cents, But they are but
it went down didn't hold. You're one

390
00:26:22.599 --> 00:26:27.039
of the greatest companies at over promised
in an under delivery in history. Just

391
00:26:27.119 --> 00:26:30.319
you just cannot. Hey, self
driving, let's talk about self driving a

392
00:26:30.319 --> 00:26:34.400
little bit. We talked about a
touchdown it last week that Todd You said,

393
00:26:34.680 --> 00:26:37.599
well, you haven't tried it out
right, Yeah, yeah, well

394
00:26:37.920 --> 00:26:44.079
you know, General Motor self driving
Vehicle Unit deployed cars Tuesday for the first

395
00:26:44.119 --> 00:26:48.920
time since October, beginning with a
small fleet in Phoenix. Uh, they're

396
00:26:48.920 --> 00:26:52.920
going to have a driver in them
for now though. The relaunch comes after

397
00:26:52.920 --> 00:26:56.480
the company ceased operations after an October
second accident. Yeah, in San Francisco.

398
00:26:56.480 --> 00:27:00.799
San Francisco got dragged twenty feet by
a cruise and you were struck by

399
00:27:00.799 --> 00:27:06.200
a separate a separate vehicle. I
did try my Tesla self driving system last

400
00:27:06.240 --> 00:27:10.960
week and it required my participation.
Come on, you have your hand on

401
00:27:10.960 --> 00:27:14.039
the wheel right When I refuse to
part, How did you know that I

402
00:27:14.640 --> 00:27:18.759
learned these things? You're so smart. When I refuse to participate, I

403
00:27:18.880 --> 00:27:22.200
was going down River Road and wear
curves, it says, put your hand

404
00:27:22.240 --> 00:27:25.079
on the wheel and give it a
slight. I'm going No, you're doing

405
00:27:25.079 --> 00:27:30.480
that. I am not doing it. That's what you're asking me to do,

406
00:27:30.559 --> 00:27:33.359
right, You're wanting to pay.
I'm not involved. Okay, So

407
00:27:33.480 --> 00:27:37.359
here's what happens. It shuts off
and it said if you do this three

408
00:27:37.400 --> 00:27:44.000
more times, you'll be disabled.
Yeah. Wait, so Dave, that

409
00:27:44.160 --> 00:27:47.319
software is that something that you had
to download, and oh no, it

410
00:27:47.359 --> 00:27:48.799
put it on every Oh yes,
it put it on first of all you

411
00:27:48.799 --> 00:27:52.079
have. It's kind of like serious
XM satellite radio. It's free on every

412
00:27:52.119 --> 00:27:56.240
Tesla for the month of April.
For the month of April. Yeah,

413
00:27:56.359 --> 00:28:00.200
true, try it out, kick
the tires, give it a run,

414
00:28:00.319 --> 00:28:02.799
give it a go, I see. And then after the month of April

415
00:28:02.920 --> 00:28:04.920
one hundred ninety nine a month.
I believe it is Jesus seas high,

416
00:28:04.960 --> 00:28:07.599
doesn't it a little bit? But
I've got a buddy in California. He

417
00:28:07.599 --> 00:28:11.279
commits and he goes, are you
kidding me? I set in my office

418
00:28:11.279 --> 00:28:15.200
address, I sit back, and
the car takes me there, he said,

419
00:28:15.240 --> 00:28:17.720
in a four. Sitting in a
four or five on traffic, he

420
00:28:17.759 --> 00:28:19.720
goes, I'm reading I'm stuff.
Well, yeah, that's because there's no

421
00:28:19.839 --> 00:28:23.119
turns on the four or five.
I think apparently turns are an issue.

422
00:28:23.240 --> 00:28:26.480
Yeah. I think. Also,
it seems like any one off is going

423
00:28:26.519 --> 00:28:29.400
to be an issue. No,
but Dave, even if you were on

424
00:28:29.440 --> 00:28:32.759
a straight road, I think that
eventually it will tell you touch the steering

425
00:28:32.759 --> 00:28:34.440
wheel, correct me. No,
I think it does have you like there's

426
00:28:34.440 --> 00:28:37.759
a time limit where you have to
like each like. I think it's over

427
00:28:37.839 --> 00:28:40.400
your hand over the time, not
the curve. I think it's making sure

428
00:28:40.440 --> 00:28:42.039
that it kind of felt like it
was the curve, wanting to help with

429
00:28:42.079 --> 00:28:45.799
the curve. No, I think
there's also another thing like if you haven't

430
00:28:45.839 --> 00:28:48.480
touched the steering, for sure you're
awake. But yeah, right, oh

431
00:28:48.559 --> 00:28:52.039
okay, they make you. They'll
send you like a put your hand on

432
00:28:52.039 --> 00:28:55.359
the wheel, just to know that
you're being unnecessarily critical. Is that was

433
00:28:55.400 --> 00:28:57.319
your suggesting? No, No,
I think you're being I think you're bringing

434
00:28:57.359 --> 00:29:00.319
fair. I think what's interesting though
you're saying, is the city, Like

435
00:29:00.519 --> 00:29:03.359
self driving in cities is a lot
different than self driving on a freeway.

436
00:29:03.359 --> 00:29:07.640
I could see it in l a
like freeway easy, I understand my grandkids.

437
00:29:07.640 --> 00:29:12.440
I could see it there. But
on the Yeah, but yeah,

438
00:29:12.519 --> 00:29:17.960
yeah, I mean that's that's why
that person died in San Francisco's They jumped

439
00:29:17.960 --> 00:29:19.680
out in front of the car like
it wasn't really the car's fault. Yeah,

440
00:29:21.079 --> 00:29:23.119
but you have to ask yourself what
what happens if you're driving down the

441
00:29:23.160 --> 00:29:26.039
road in a car, getge t
bone? Will it know what to do?

442
00:29:26.160 --> 00:29:30.480
Then? Oh? It automatically stopped
all the visions, yeah, shut

443
00:29:30.559 --> 00:29:34.039
it off when yeah, it would
stop automatic. The issue is is sunglares.

444
00:29:34.359 --> 00:29:41.160
There's been many study like instances where
if the sun ray hits the camera

445
00:29:41.359 --> 00:29:45.960
just right, it can blind the
camera and then possibly not see something.

446
00:29:45.559 --> 00:29:48.839
But it's rare, and now that
they have a lot of other technology,

447
00:29:48.880 --> 00:29:52.039
they don't just use laser. They
don't just use vision. They also use

448
00:29:52.119 --> 00:29:56.160
lasers, they use you know,
radar, like there's a lot of other

449
00:29:56.319 --> 00:30:00.000
metrics that are getting fed back to
the computer to tell it what's going on

450
00:30:00.119 --> 00:30:03.440
on. But there are there having
earlier cases when these first came out that

451
00:30:03.519 --> 00:30:14.559
like the sun blinded it and then
it hit something technology, and so I'm

452
00:30:14.559 --> 00:30:18.160
not stopping Oh wow, really yeah, I think I think the point of

453
00:30:18.240 --> 00:30:22.720
this whole thing is we've been hearing
about and reading about self driving for a

454
00:30:22.799 --> 00:30:27.160
decade. Right, it's here,
it's here, and it's going to be

455
00:30:27.160 --> 00:30:33.880
in every car ultimately. Right.
I think what your self driving really is

456
00:30:33.920 --> 00:30:36.599
though, is if it is what
you think it is, it's just cruise

457
00:30:36.640 --> 00:30:40.640
control. You know. It's interesting
Todd, because my cruise control no longer

458
00:30:40.680 --> 00:30:45.559
exists. I'm my tesla. What
I put cruise control on that's self driving

459
00:30:45.799 --> 00:30:48.880
cruise control, so they just call
it self driving has been replaced, has

460
00:30:48.960 --> 00:30:52.599
replaced cruise control. So I'm anxious
for the end of April for self driving

461
00:30:52.599 --> 00:30:56.400
to go away. I can have
my cruise control back because it's the same

462
00:30:56.440 --> 00:31:00.920
thing basically, yeah, well yeah, I And the cruise control on the

463
00:31:00.960 --> 00:31:03.680
Tesla is kind of annoying because if
you're going down the freeway and you have

464
00:31:03.680 --> 00:31:07.240
it set on let's say seventy five, want to drive the living right,

465
00:31:07.640 --> 00:31:10.880
and you're coming up behind somebody that's
going fifty five, it'll slow down to

466
00:31:10.880 --> 00:31:12.880
fifty five. It won't pass.
You know, if you pull out,

467
00:31:12.880 --> 00:31:15.880
then you're good to go again.
But it it knows how far it is

468
00:31:15.880 --> 00:31:18.759
from the guy in front of you, and it goes to the same speed

469
00:31:18.759 --> 00:31:22.720
Anyway's still annoying. I won't be
doing self driving anytime soon because two reasons.

470
00:31:22.799 --> 00:31:25.599
Number One, I have trust issues, right, I don't know where

471
00:31:25.640 --> 00:31:29.839
that came from. But number two, it seems to be just sucking my

472
00:31:30.000 --> 00:31:34.640
precious battery dry and not even using
it. I'm not even using it,

473
00:31:36.079 --> 00:31:40.640
and I've gone from getting about two
hundred and forty miles to a charge to

474
00:31:40.839 --> 00:31:44.799
just over one hundred miles of charge. That's not gonna work. That's not

475
00:31:44.839 --> 00:31:47.200
gonna get you anywhere. You know, you have to get to cast a

476
00:31:47.279 --> 00:31:52.799
grand with that. And that's just
because I don't know, I think so,

477
00:31:52.319 --> 00:31:55.559
I just I'm dying for them to
turn it off. I'm want my

478
00:31:55.559 --> 00:32:00.480
car back. That's crazy. I
was, I was pretty pretty uh fascinated

479
00:32:00.519 --> 00:32:06.160
with this car until this debacle happened. Uh well, you know, speaking

480
00:32:06.200 --> 00:32:10.640
of debacles, Tesla it's down thirty
three percent this year, dropping price in

481
00:32:10.680 --> 00:32:15.359
the world. I know. Yeah, my self driving. Myself driving is

482
00:32:15.400 --> 00:32:20.039
so messed up. No, and
the and the waiter spilled my martini.

483
00:32:20.160 --> 00:32:24.119
Is this It's been a bad day. You know. Those people in Afghanistan

484
00:32:24.200 --> 00:32:28.240
think they got it bad. Uh
So, you know, Tesla has been

485
00:32:28.319 --> 00:32:31.839
dropping down thirty three percent. It
gained four percent this week after the company

486
00:32:31.920 --> 00:32:36.799
confirmed, as we said last Friday, that new robo taxi is going to

487
00:32:36.839 --> 00:32:38.799
come out on August eighth. And
and we still last Friday it's not a

488
00:32:38.839 --> 00:32:43.799
taxi. Uh Elon called it a
taxi because you're gonna get in there and

489
00:32:43.920 --> 00:32:46.319
self driving, and it's a kind
of a two seat coup kind of looks

490
00:32:46.400 --> 00:32:50.160
like a little version of the I'm
not sure if it has a wheel though

491
00:32:50.519 --> 00:32:52.359
he had a wheel. What kind
of wheel? No, I don't steering

492
00:32:52.319 --> 00:32:53.440
wheel. I don't think you need
that. Oh it's gotta have a stream

493
00:32:53.480 --> 00:32:58.119
wall. Yeah, it's got every
stream one. Well, it could be

494
00:32:58.200 --> 00:33:00.319
it could be a half moon stream
wheel. They do off for that.

495
00:33:00.359 --> 00:33:02.000
Maybe maybe maybe I ney a picture
that's what it looked like. Yeah,

496
00:33:02.000 --> 00:33:07.960
maybe they do offer that. Half
lunch channel proofs some pictures in person.

497
00:33:08.200 --> 00:33:13.319
That's like its prototype artists drawing right, get this. Gold Mistacks cut their

498
00:33:13.319 --> 00:33:16.519
price target on Tesla from one ninety
to one seventy five on Monday. I

499
00:33:16.640 --> 00:33:22.519
keep mind stocks around one seventy five. So yeah, well Fargo, Wells

500
00:33:22.599 --> 00:33:25.359
Fargo lower. On Friday, Wells
Fargo lowered their price target on Tesla to

501
00:33:25.359 --> 00:33:30.599
one hundred and twenty dollars. When
when people start lowering price targets, it's

502
00:33:30.640 --> 00:33:32.759
like when they start rising price tage. Yeah, it's a sign to sell.

503
00:33:32.960 --> 00:33:37.559
Sign the b always keeping them are
terrible. Always keep in mind the

504
00:33:37.559 --> 00:33:42.759
stock was down last week because they
only delivered three hundred and eighty six thousand

505
00:33:42.839 --> 00:33:46.240
cars. Now, only to put
that in perspective, Lucia had rallied on

506
00:33:46.319 --> 00:33:51.960
Tuesday after they announced it. In
that same period where Tesla delivered three hundred

507
00:33:51.960 --> 00:33:54.319
eighty six thousand cars, they were
able to deliver one thousand, nine hundred

508
00:33:54.319 --> 00:33:59.359
and sixty seven. I was going
to be generous since the thirty Tesla was

509
00:33:59.400 --> 00:34:04.119
down, Lucia was up. Right, So Tesla is still delivering. Get

510
00:34:04.160 --> 00:34:09.119
this, Tesla still delivering twice as
many cars as all other nineteen orlectually vehicle

511
00:34:09.719 --> 00:34:15.960
makers combined. Yeah, I mean
it's it looks like an opportunity. It

512
00:34:15.119 --> 00:34:20.760
seemed good for a while. Now
it's been bouncing pretty healthily. It seemed

513
00:34:20.760 --> 00:34:23.039
like it's kind of trying to find
that one seventy as it's low, it's

514
00:34:23.039 --> 00:34:25.920
trying to find a base is I
think it went at the bottom door were

515
00:34:25.960 --> 00:34:29.719
one sixty five and now last week
with the week before, yeah, you're

516
00:34:29.880 --> 00:34:32.920
the one sixty five one seventy area. You know, barring some kind of

517
00:34:32.920 --> 00:34:37.800
headline making news, it might be
a place to uh start a position in

518
00:34:37.840 --> 00:34:43.199
Tesla. Even though if you look
at the chart and you look at the

519
00:34:43.199 --> 00:34:47.039
fundamentals, both the fundamental and the
technical aspects are poor. Yes, right,

520
00:34:47.119 --> 00:34:51.400
but you do have this weird you
know, with interest rates coming up,

521
00:34:51.679 --> 00:34:54.480
it's a great time to go into
Tesla now because interest rates probably aren't

522
00:34:54.480 --> 00:34:58.679
going to be taking up too much
higher from here, right, because that

523
00:34:58.840 --> 00:35:00.599
did hurt Tesla as well. Well. Right, we know, if you

524
00:35:00.639 --> 00:35:05.320
can't finance an ev, it's likely
that you're not gonna buy it, and

525
00:35:05.360 --> 00:35:08.199
with rates going higher, it's less
affordable. And I think I think you

526
00:35:08.239 --> 00:35:14.239
point out that whether you you financed
it through a car loan or whether you

527
00:35:14.480 --> 00:35:17.559
lease it, both of those are
forms are financing and both are affected by

528
00:35:17.679 --> 00:35:21.519
rates. Both are affected by interest
rates. Right. It's kind of like

529
00:35:21.559 --> 00:35:25.480
first solo to the same thing,
where it's more attractive economically when rates are

530
00:35:25.519 --> 00:35:30.239
lower because you can see the cost
savings and all that, Whereas when rates

531
00:35:30.239 --> 00:35:34.760
are highed it's harder to justify.
Yeah, effecting a lot of companies like

532
00:35:34.800 --> 00:35:37.840
CarMax House. Yeah, a rough
one, and we're going to be back

533
00:35:37.840 --> 00:35:39.159
at a break coming up from here, Sebastian, we'll pick that up in

534
00:35:39.239 --> 00:35:43.519
the next segment. Again, we
thank you for listening on this Sunday morning.

535
00:35:43.639 --> 00:35:45.920
Welcome back to the Money Matter Show. My name is todder Lick.

536
00:35:45.960 --> 00:35:50.679
I'm here with David Sherwood and Sebastian
Burrissini. It was a vault a week.

537
00:35:50.840 --> 00:35:53.599
We saw the vics finally return to
levels we haven't seen since twenty twenty

538
00:35:53.599 --> 00:35:58.239
three. First back to back weekly
loss that we've seen from the S and

539
00:35:58.280 --> 00:36:01.960
P five hundred since Octo of twenty
twenty. That's amazing. Yeah, it's

540
00:36:01.960 --> 00:36:06.679
been a long while. It's been
what twenty three weeks streak of that not

541
00:36:06.760 --> 00:36:10.920
happening. That's amazing. So finally
got some big days of drawing down.

542
00:36:12.000 --> 00:36:15.199
On Wednesday was the first big one
because of CPI coming out hotter than expected,

543
00:36:15.519 --> 00:36:19.960
causing rates to search. PPI came
out the next day. Actually it

544
00:36:20.000 --> 00:36:22.480
gave some bidding back to the market, so the stocks increased. But then

545
00:36:22.519 --> 00:36:28.000
on Friday, some news out of
escalation of Middle East tensions came out,

546
00:36:28.400 --> 00:36:32.159
causing more selling, more volatility increasing
and saw a pop out of golden oil,

547
00:36:32.199 --> 00:36:36.239
but they lost it all by the
end of the day. Thankfully,

548
00:36:36.440 --> 00:36:39.960
thankfully that that to me. Can
I watch gold spike seventy five bucks on

549
00:36:39.960 --> 00:36:43.639
Friday, monthing, Oh man,
this is not good. This is they

550
00:36:43.639 --> 00:36:46.599
believe this thing's for real And then
it gave up all that plus another fell

551
00:36:46.599 --> 00:36:51.159
out one hundred bucks in the last
hour and a half two hours of trading

552
00:36:51.239 --> 00:36:53.159
on Friday. I thought, Okay, that means they don't believe this is

553
00:36:53.199 --> 00:36:57.519
going to happen. And again,
it's Friday, it's Sunday morning. We're

554
00:36:57.559 --> 00:37:00.559
recording this on Friday afternoon. So
if it happened and if it hasn't happened

555
00:37:00.599 --> 00:37:06.599
yet on Sunday morning, yay,
it's probably not going to be. I

556
00:37:06.599 --> 00:37:09.159
think the weird thing is that on
Thursday, with the producer Price Index coming

557
00:37:09.199 --> 00:37:15.119
out lower than expectations, but we're
seeing commodities almost across the board really increasing,

558
00:37:15.599 --> 00:37:19.000
So you're thinking this. You know, oil is increasing, which is

559
00:37:19.000 --> 00:37:23.840
the biggest input for most companies.
You have copper increasing, gold increasing,

560
00:37:23.920 --> 00:37:28.079
silver, I mean cocoa, which
we've talked about. There's a lot of

561
00:37:28.079 --> 00:37:31.639
commodities that are high. Seems like
that would impact businesses, especially on their

562
00:37:31.679 --> 00:37:36.679
prices, but it's not showing up. So obviously there's lags to these data

563
00:37:36.679 --> 00:37:38.079
points. But Skurball, because I
didn't ask you about it ahead of time,

564
00:37:38.079 --> 00:37:40.639
but did you have a chance to
look at coco this week? I

565
00:37:40.760 --> 00:37:45.159
did. It's at a mayd new
all time high. Again because I know

566
00:37:45.280 --> 00:37:49.119
he hit one thousand last week for
the very first time, ten thousand a

567
00:37:49.159 --> 00:37:52.480
bushel, ten thousand of what they
called a bushel a bush hirt per Ton,

568
00:37:52.800 --> 00:37:55.719
Okay, whatever, it was ten
thousand, I thought it was a

569
00:37:55.800 --> 00:38:00.800
thousand. It was ten ten thousand, Coco I and then it dropped down

570
00:38:00.840 --> 00:38:05.440
to like ninety five one hundred,
and now it's back up to ten to

571
00:38:05.440 --> 00:38:08.199
five, ten th five hundred.
Yeah, it was up six percent on

572
00:38:08.280 --> 00:38:13.000
Friday. Wow, So that's what
I noticed, a big surge her.

573
00:38:13.039 --> 00:38:15.199
She had a couple of a rough
couple of days this week, and it

574
00:38:15.239 --> 00:38:17.679
looked like her she was coming off
the mat and was going to start to

575
00:38:17.800 --> 00:38:21.679
rally. And again, you've said
before on the show that they have a

576
00:38:21.719 --> 00:38:24.239
lot of things going besides chocolate.
That is their predominant thing. That's what

577
00:38:24.280 --> 00:38:29.599
they're the best known for, obviously, And if you wanted to short a

578
00:38:29.639 --> 00:38:31.519
Coco, which is at an all
time high, the best way to short

579
00:38:31.559 --> 00:38:35.800
Coco is by her she Yeah.
I mean, at the end of the

580
00:38:35.920 --> 00:38:38.639
day, that's that's a it.
See. It seems to me like it's

581
00:38:38.360 --> 00:38:44.159
a stock where a person could take
a position here. Eventually it got pretty

582
00:38:44.199 --> 00:38:46.800
comfortable. Yeah, I wonder what
their Yeah, their dividends about three percent,

583
00:38:46.880 --> 00:38:52.199
so you get something for waiting.
Costco's another one came out with a

584
00:38:52.239 --> 00:38:57.480
with a strong month over a month
sales report. They raised their dividend by

585
00:38:57.480 --> 00:39:01.360
fourteen percent. Stock was up on
the week in a down week, and

586
00:39:01.880 --> 00:39:07.880
a couple of analysts recommending it.
It's a stock that you would buy if

587
00:39:07.360 --> 00:39:12.599
if you believe there was a recession
coming. Two stocks that tend to do

588
00:39:12.679 --> 00:39:19.360
well and recessions are two types of
stocks are discount retailers and beer the beer

589
00:39:19.360 --> 00:39:22.760
makers. And of course we saw
Constellation Brands report a really great quarter.

590
00:39:23.360 --> 00:39:28.440
Stock initially rallied and then kind of
faded on that it made a new all

591
00:39:28.519 --> 00:39:30.440
time high to be still, but
then when it made a new all time

592
00:39:30.559 --> 00:39:35.440
high, it's sold off since it's
about what three four percent lower, that's

593
00:39:35.440 --> 00:39:39.880
all time high. One that one
that I've I've been talking about for the

594
00:39:39.960 --> 00:39:43.760
last couple weeks, and I'm going
to talk about it again just because we

595
00:39:43.880 --> 00:39:46.679
get calls on this and it's important
that you understand what you're doing here.

596
00:39:47.480 --> 00:39:54.079
DJT stock hit seventy nine dollars this
year on March twenty sixth, and let

597
00:39:54.159 --> 00:39:59.440
me just put a disclaimer, this
has absolutely nothing to do with how we

598
00:39:59.480 --> 00:40:04.480
feel about Donald J. Trump.
This is about a stock. This is

599
00:40:04.519 --> 00:40:08.239
about valuation of a company. It's
not about the man. So I'm not

600
00:40:09.079 --> 00:40:16.960
loving or hating Donald or implying that
I do either. This stock is problematic

601
00:40:17.400 --> 00:40:23.079
because so many people love Trump that
they figure I'm gonna get on his bandwagon

602
00:40:23.119 --> 00:40:29.159
and buy a date. DJT stock
down twenty seven percent more this week.

603
00:40:29.519 --> 00:40:32.079
We warned you last week, don't
do this. Down twenty seven percent more

604
00:40:32.159 --> 00:40:37.280
this week, sixty two percent below
the high that it hit on March twenty

605
00:40:37.320 --> 00:40:42.239
sixth. You're down sixty two percent
since March twenty six company. Just to

606
00:40:42.280 --> 00:40:46.280
keep in mind, the company had
total sales last year of four million dollars.

607
00:40:47.000 --> 00:40:52.239
There's a company out there called Alpha
Spread. Alpha Spread has a database

608
00:40:53.079 --> 00:40:59.000
that calculates intrinsic value, and they've
got all kinds of algorithms involved. But

609
00:40:59.039 --> 00:41:02.480
the stock closed on Friday at around
thirty two dollars. I think it was.

610
00:41:04.559 --> 00:41:09.239
Alpha Spread says the intrinsic valuation is
two dollars and nineteen cents. Wow.

611
00:41:09.400 --> 00:41:15.159
Okay, who knows where it goes. I only know that the valuation

612
00:41:15.280 --> 00:41:19.400
appears to be excessive. And if
you love Donald Trump, and you're gonna

613
00:41:19.440 --> 00:41:22.440
support him by buying DJT. Number
one, you're not helping him much.

614
00:41:23.360 --> 00:41:30.119
Number two, you're probably hurting yourself. And again it has nothing to do

615
00:41:30.159 --> 00:41:31.920
with Trump. I don't know where
the stock goes. Maybe the stock goes

616
00:41:31.960 --> 00:41:37.039
to one hundred dollars. People that
called on that pumped up to like seventy

617
00:41:37.119 --> 00:41:39.199
nine dollars. They wanted to buy
that, Yeah, they did, and

618
00:41:39.280 --> 00:41:43.000
the clients wanted to buy it.
And we didn't buy it for anybody,

619
00:41:43.559 --> 00:41:47.920
thankfully. And it just it doesn't
make sense from a from a fundamental point

620
00:41:47.960 --> 00:41:52.480
of view. It doesn't make sense
from a chart point of view. So

621
00:41:52.199 --> 00:41:57.159
that doesn't mean that it doesn't open
up. It's fifty on Monday and go

622
00:41:57.239 --> 00:42:00.320
to one hundred. I don't know. All I know is it's worth according

623
00:42:00.360 --> 00:42:04.440
to Alpha spread, two dollars and
nineteen cents. And I think they're being

624
00:42:04.519 --> 00:42:13.199
generous likely right. I talked briefly
about Costco Todd. It turns out that

625
00:42:14.800 --> 00:42:20.840
the big month over month increase in
sales twenty eight percent, increase in online

626
00:42:20.920 --> 00:42:25.159
sales twenty eight percent. Think about
the size of Costco. That's like turning

627
00:42:25.199 --> 00:42:30.360
the Queen Mary on a dime.
But how much was that gold? Almost

628
00:42:30.440 --> 00:42:34.159
all of it. Almost all of
it was gold. But again, gold

629
00:42:34.199 --> 00:42:37.639
gets them on the website. It
gets them in the stores. Not not

630
00:42:37.760 --> 00:42:39.440
in the stores because it's all online, right, but it gets people on

631
00:42:39.440 --> 00:42:43.119
the website. And while they're on
the website, they might you have an

632
00:42:43.119 --> 00:42:46.119
opportunity to throw little things at them
and maybe they pick up on those.

633
00:42:45.679 --> 00:42:50.760
It's got to be a good thing. I'm a I'm a fan of costco

634
00:42:51.039 --> 00:42:53.559
here. I think it's just ship
you those gold bars straight to your house.

635
00:42:54.239 --> 00:42:58.039
Yeah, yep, ship it straight
to your house. You get these

636
00:42:58.039 --> 00:43:00.400
little little gold bar, a little
wiles gold kind of fun, you know,

637
00:43:00.760 --> 00:43:04.360
if a person's got more money,
and they know today even if you

638
00:43:04.400 --> 00:43:07.119
don't, if you got twenty eight
hundred bucks or twenty five hundred bucks,

639
00:43:07.360 --> 00:43:10.239
you know, a gold bar kind
of fun to have around. And I

640
00:43:10.239 --> 00:43:15.239
think that's one of the one of
the appeals of physical gold is is that

641
00:43:15.280 --> 00:43:17.800
you have it to look at and
hold and show your friends and you know

642
00:43:19.400 --> 00:43:22.119
it it is what it is.
I could open my account and show you

643
00:43:22.159 --> 00:43:24.400
my bitcoin. Yeah you know,
I'm just gonna take a screenshot on my

644
00:43:24.440 --> 00:43:30.360
bigcoin account. Frame it good news
for Arizona II want semi Conductor open higher

645
00:43:30.400 --> 00:43:35.920
on Monday, after the company's Arizona
subsidiary received an offer from the Biden administration

646
00:43:36.079 --> 00:43:39.960
for six point six billion dollars.
Oh that's part of this, the other

647
00:43:40.000 --> 00:43:45.000
big one, Gift and Science Act
six point six billion. You missed a

648
00:43:45.000 --> 00:43:46.440
big one this week. That's a
big Who missed a big one? You

649
00:43:46.480 --> 00:43:50.559
did? How's that a big news
event? Which was I don't want to

650
00:43:50.559 --> 00:43:53.760
talk about it though. They're gonna
keep the listeners in suspense. The abortion

651
00:43:53.920 --> 00:43:58.280
thing here in Arizona. Oh yeah, that's you know, that's that's one

652
00:43:58.280 --> 00:44:02.079
of those kinds of things that everybody's
gotten the opinion, and I understand where

653
00:44:02.119 --> 00:44:05.880
the Arizona Court is coming from.
They're saying, this law is on the

654
00:44:05.920 --> 00:44:09.320
books, and yes it is,
it's valid. I mean, what else

655
00:44:09.360 --> 00:44:13.039
are they going to say? It's
a law that was passed by the legislature.

656
00:44:13.119 --> 00:44:15.960
There's nothing they could do about it. I'll just say, yes,

657
00:44:15.079 --> 00:44:19.559
it still exists. So if you
want to do away with it, then

658
00:44:19.599 --> 00:44:22.079
you need to have the state.
Like it just said, it's like was

659
00:44:22.239 --> 00:44:24.239
made before we were even a state. So you hear those arguments and you're

660
00:44:24.239 --> 00:44:28.559
like yeah, hear what you're saying. You know, it's archaic. It

661
00:44:28.639 --> 00:44:36.360
is our archaic rule. Yes,
but throughout the country there are literally thousands

662
00:44:36.360 --> 00:44:38.599
of these types of laws. Well, right, but it also doesn't make

663
00:44:38.679 --> 00:44:42.880
it right. No, and I
didn't say it was right, but that

664
00:44:43.519 --> 00:44:45.519
has come up now. It's kind
of interesting. But even Trump said,

665
00:44:45.559 --> 00:44:49.320
he's like, I don't I think
Arizona went too far with it, which

666
00:44:49.400 --> 00:44:52.519
I was kind of surprised by him. So Arizona didn't go anywhere. I

667
00:44:52.519 --> 00:44:54.519
mean, it was a law that
was passed in in eighteen sixty two and

668
00:44:54.559 --> 00:44:58.599
it's never been repealed. Well,
you know, Arizona know it anywhere?

669
00:44:58.599 --> 00:45:00.920
You know what he wanted to come
out. Well, they were just rolling

670
00:45:00.960 --> 00:45:04.679
on it, right, because the
anti abortion people are looking for some way

671
00:45:04.679 --> 00:45:07.599
to make abortion illegal in Arizona,
and so they're looking through all these old

672
00:45:07.679 --> 00:45:12.280
archaic things and they find it.
And it is a law. So if

673
00:45:12.320 --> 00:45:14.960
you don't want it to be a
law, you need to repeal it.

674
00:45:14.960 --> 00:45:17.079
It's as simple as that. Then, yeah, and then it isn't a

675
00:45:17.079 --> 00:45:21.440
matter of Arizona going too far.
Well that's what that's what Trump said,

676
00:45:21.719 --> 00:45:25.119
apparently, but I didn't say.
But I mean It's going to be an

677
00:45:25.119 --> 00:45:29.800
interesting point of view going into the
election because that's really the only thing that

678
00:45:29.880 --> 00:45:32.840
I think Democrats can steal votes on. Absolutely. Well, I think it

679
00:45:32.920 --> 00:45:37.280
was something like eighty percent of the
American public is in favor of abortion.

680
00:45:37.440 --> 00:45:40.840
And I'm not making a statement here, I'm just citing fact. Yeah,

681
00:45:40.920 --> 00:45:44.440
I think eighty percent is in favor
of abortion. So if you're going to

682
00:45:44.480 --> 00:45:47.960
I want to speed out there against
abortion, you're you know, you gotta

683
00:45:49.000 --> 00:45:52.320
lose some votes. It's kind of
going against the win, right, kind

684
00:45:52.320 --> 00:45:53.760
of going against the win. You
know. We've talked a lot about AI

685
00:45:53.920 --> 00:45:59.400
on this show and the positive and
negative things that can come from AI,

686
00:46:00.079 --> 00:46:04.800
and I've got something when we get
back from this break that's kind of interesting.

687
00:46:05.119 --> 00:46:07.639
Yeah. Well, we had a
cool event yesterday that I'll talk a

688
00:46:07.639 --> 00:46:10.760
little bit about because it was for
all the first responders here in Tucson,

689
00:46:12.079 --> 00:46:16.719
and I actually did meet someone there
that heads into a nonprofit that helps people

690
00:46:17.599 --> 00:46:22.000
with scam prevention. So we're gonna
get in contact with them and have them

691
00:46:22.000 --> 00:46:24.639
on the show eventually here with some
tidbits on how to make plans, on

692
00:46:24.679 --> 00:46:28.559
how not to get scammed and things
like that. But overall, we were

693
00:46:28.559 --> 00:46:31.239
there to help people educate them about
financial planning, what we do, our

694
00:46:31.280 --> 00:46:35.360
services and all that. We raffled
off some prizes and it was all for

695
00:46:35.480 --> 00:46:40.199
the first responders, to firefighters,
the dispatch, the police officers, border

696
00:46:40.199 --> 00:46:44.239
patrol, they all came to the
event. There was like three hundred people,

697
00:46:44.400 --> 00:46:45.840
a whole bunch down at TVC.
Yeah, it was a lot of

698
00:46:45.840 --> 00:46:51.880
fun there and yeah, it's surprising
though how many people love the financial literacy

699
00:46:51.920 --> 00:46:54.400
side of things because they don't ever
get taught in school. So we just

700
00:46:54.440 --> 00:46:59.480
went real basic. But for so
many people that was much needed something that

701
00:46:59.559 --> 00:47:01.280
they probably never would have gone in
their life. It wasn't for that,

702
00:47:01.440 --> 00:47:05.639
So very happy. We'll probably be
doing it again next year. According to

703
00:47:05.679 --> 00:47:10.159
Dean so Good, Greenberg Financial was
one of the title sponsors, and it's

704
00:47:10.199 --> 00:47:14.039
just giving back to the community's kind
of you know, the community's given us

705
00:47:14.039 --> 00:47:16.960
a lot and we're happy to get
back. And that was a really nice

706
00:47:16.960 --> 00:47:21.119
event for you guys in breakout Sessions, and I know it was well received

707
00:47:21.559 --> 00:47:24.079
and a lot of people got a
lot of good out of it. We'll

708
00:47:24.119 --> 00:47:29.159
be back right after this break with
our number two of the Money Matter Show.

709
00:47:29.400 --> 00:47:30.920
Welcome back to the Money Matter Show. This is our number two.

710
00:47:31.159 --> 00:47:36.760
I'm Dave Sherwood. I'm here with
Sebastian Borsini. I'm here with click.

711
00:47:37.400 --> 00:47:39.559
Junior. You even found a way
to say that wrong. Yeah, well

712
00:47:39.639 --> 00:47:44.679
yeah, yeah. In the first
hour I said click. I slipped to

713
00:47:44.719 --> 00:47:46.559
say click, and I'm sorry,
Jim. I know, Jim, sorry

714
00:47:46.639 --> 00:47:52.480
Jim. So it is glick with
a G. Yeah, Junior with a

715
00:47:52.599 --> 00:47:57.400
J. Goodness. I'll tell you
a rough week in the market. We

716
00:47:57.480 --> 00:48:01.280
talked about it in the first hour. The whole thesis. No, let's

717
00:48:01.280 --> 00:48:07.119
rephrase that. God. The primary
drivers of the market since October have been

718
00:48:07.599 --> 00:48:12.800
AI and the belief that interest rates
not only have stopped going higher but would

719
00:48:12.800 --> 00:48:16.960
be going steadily lower this year.
And they have not moved lower this year.

720
00:48:17.280 --> 00:48:21.440
They dipped and now they've come right
back up. They went from five

721
00:48:21.480 --> 00:48:23.960
we're talking about the ten year treasury
now, went from five percent to three

722
00:48:24.000 --> 00:48:27.760
point nine and now it's back to
four. Well, it's four point six

723
00:48:27.800 --> 00:48:30.440
this morning, almost four point five. Five. Now it's four point five.

724
00:48:30.480 --> 00:48:31.400
Yeah, I mean, you're not
too far now it's four point five

725
00:48:31.440 --> 00:48:36.320
on Friday. So we are getting
AI, that's for sure. But we're

726
00:48:36.320 --> 00:48:38.719
not getting part two of that catalyst, which is lower interest rates, and

727
00:48:39.440 --> 00:48:43.880
because of that, the market needs
to do a little recalibrating. Yeah.

728
00:48:43.920 --> 00:48:46.280
I think that. Actually the two
ten years spread, the two year treasure

729
00:48:46.280 --> 00:48:51.920
and tenure treasure, the difference between
the yields increased this week, So increase

730
00:48:52.039 --> 00:48:58.039
uncertainty. Yeah, something the longest
yield inversion in history, Yeah, by

731
00:48:58.079 --> 00:49:00.639
far, which you may you know, I don't know. Thing that comes

732
00:49:00.639 --> 00:49:02.880
to my mind when you say that
is maybe the fact that when you get

733
00:49:02.920 --> 00:49:07.079
to a point with money, when
it becomes less and less valuable, those

734
00:49:07.159 --> 00:49:13.000
like true indicators become less and less
accurate in terms of a time frame,

735
00:49:13.079 --> 00:49:17.400
because you know, prices of things
just aren't true anymore, right, I

736
00:49:17.400 --> 00:49:21.159
mean, you don't what is your
basis for things? And the other side

737
00:49:21.199 --> 00:49:23.400
of that is if we haven't had
anything like the pandemic in one hundred years,

738
00:49:23.440 --> 00:49:27.639
so we don't know what that's supposed
to look like four years later,

739
00:49:27.760 --> 00:49:30.159
that's fair. We don't know,
so it's crazy. But with the two

740
00:49:30.280 --> 00:49:35.119
ten years spreading out, you also
saw the fear other fear indicators increase as

741
00:49:35.119 --> 00:49:38.320
well. Vix increased, gold increased, oil. I mean, I mean

742
00:49:38.320 --> 00:49:42.760
it all kind of led the way, even the dollar, which which people

743
00:49:42.840 --> 00:49:45.719
don't know. I mean, people
flood to the dollar in times of uncertainty.

744
00:49:46.199 --> 00:49:51.079
Yeah, right, yes, yes, something that blew me away when

745
00:49:51.079 --> 00:49:54.480
I was looking at the kind of
hot the summary of the week. Now,

746
00:49:54.480 --> 00:49:59.039
if I were to say to you, how much were oil prices up

747
00:49:59.119 --> 00:50:04.920
this week? What's it feel like? Feels like oil prices were up about

748
00:50:04.960 --> 00:50:07.239
three percent? What do you think
that two three dollars? Yeah, they

749
00:50:07.239 --> 00:50:12.760
were actually down two dollars. Oil
prices were down two dollars a barrel this

750
00:50:12.800 --> 00:50:15.840
week. I mean, just like, are you serious? Because as you

751
00:50:15.840 --> 00:50:16.960
look at it jumping all over the
place, you're thinking, boy, this

752
00:50:17.039 --> 00:50:21.079
is going to be way up there. I'm glad I got an electric car.

753
00:50:22.400 --> 00:50:24.960
These people are going to these other
people are going to be paying a

754
00:50:25.000 --> 00:50:30.119
lot of money for oil for gasoline. But no, It's interesting because that

755
00:50:30.320 --> 00:50:32.840
was fut in the summary together.
I thought how much oil was up to

756
00:50:34.119 --> 00:50:37.840
down two dollars, and gold was
virtually unchanged. Gold was had a crazy

757
00:50:37.880 --> 00:50:43.360
week and ended up the week virtually
unchanged. We're talking in the last segment

758
00:50:43.400 --> 00:50:50.119
about AI and so many wonderful things
are coming from AI, and I think

759
00:50:50.199 --> 00:50:52.599
I agree with Dean. I think
in the medical field it's going to be

760
00:50:52.679 --> 00:50:59.039
just phenomenal the changes that are going
to the positive changes are going to come

761
00:50:59.039 --> 00:51:02.199
out of AI. We also know
that, like with the Internet, where

762
00:51:02.239 --> 00:51:07.239
there's a tremendous amount of positive things, that are also tremendous negative things,

763
00:51:07.320 --> 00:51:10.639
and people will use the latest and
greatest to scam you if they can.

764
00:51:12.320 --> 00:51:15.119
And one of the things that you
here talked about a lot, and you

765
00:51:15.199 --> 00:51:21.119
probably have seen examples of this is
AI impostors where they can get fifteen seconds

766
00:51:21.159 --> 00:51:28.639
of your speech and they essentially can
have Joe Biden record fifteen seconds of President

767
00:51:28.679 --> 00:51:34.039
Biden speaking and have him then his
voice say whatever, giving a speech that

768
00:51:34.159 --> 00:51:37.480
sounds like Donald Trump or vice versa, which is just I mean, how

769
00:51:37.480 --> 00:51:44.599
do you protect yourself against that?
And there's a company out there that there's

770
00:51:44.760 --> 00:51:49.639
many companies, I'm sure, but
this particular company is called check Point Software,

771
00:51:50.360 --> 00:51:54.400
and the CEO of that company said, that's what their job is is

772
00:51:54.440 --> 00:51:59.039
to clean up AI. That's their
primary objective is to clean up by Ammar.

773
00:51:59.400 --> 00:52:01.760
He said for starters, this is
this is so simple and yet it

774
00:52:01.800 --> 00:52:07.480
is kind of cool for starters.
If there's any doubt. If there's any

775
00:52:07.559 --> 00:52:12.800
doubt about a person's video Verocity,
you're watching somebody on a zoom call,

776
00:52:13.119 --> 00:52:15.440
for instance, and you don't know
if it's a person. There was that

777
00:52:15.519 --> 00:52:19.960
story about the company, and I
believe was India, where the CEO instructed

778
00:52:20.000 --> 00:52:23.280
the CFO to move twenty five million
dollars from one account to another and it

779
00:52:23.320 --> 00:52:27.719
went from the corporate account into the
scam account. He was on the screen

780
00:52:27.840 --> 00:52:30.320
looking like he's supposed to look,
talking like he's supposed to talk. It

781
00:52:30.400 --> 00:52:34.800
wasn't him. Wow, it wasn't
him. So this guy said, if

782
00:52:34.840 --> 00:52:38.679
there's any if there's any doubt about
the person's video, Veracity asked them to

783
00:52:38.760 --> 00:52:45.239
turn their head to the right or
the left, or to look backwards.

784
00:52:45.400 --> 00:52:46.519
Well, I guess to look backwards
you would have to turn your head to

785
00:52:46.519 --> 00:52:50.480
the right, left, right,
So let's just stick with right or left.

786
00:52:51.000 --> 00:52:52.719
I don't think we have to throw
backwards. There. If a person

787
00:52:52.800 --> 00:52:58.840
complies with that instruction to turn their
head to the right or left and their

788
00:52:58.840 --> 00:53:04.840
head disappears from the video screen,
end it it's AI. It's a fraud.

789
00:53:05.079 --> 00:53:08.880
It's a fraud because AI does not
have the capacity at this point to

790
00:53:09.000 --> 00:53:13.800
go beyond what you see, it's
flat. So if you're on a zoom

791
00:53:13.800 --> 00:53:16.119
call or any kind of a video
call and you and that's your grandson asking

792
00:53:16.159 --> 00:53:22.960
for money because he got arrested in
Bulgaria and he's on the screen, it

793
00:53:22.000 --> 00:53:24.599
sounds like him, looks like him. Ask him to turn his head.

794
00:53:24.719 --> 00:53:29.599
It's kind of an extreme circumstances.
It is, it is, but I

795
00:53:29.639 --> 00:53:34.280
mean, there are a lot of
different ways this could come up. Not

796
00:53:34.440 --> 00:53:37.159
everyone is. We think, wow, it's just business, but it's not

797
00:53:37.199 --> 00:53:39.480
just business. It's personal as well. And there are a lot of grandparents

798
00:53:39.519 --> 00:53:45.880
that do FaceTime and do zoom with
grandchildren. Believe me, I know I'm

799
00:53:45.920 --> 00:53:50.079
one of them, and so are
the other grandparents. And so I'm thinking

800
00:53:50.119 --> 00:53:53.719
that there's an awful a lot of
grandparents out there doing zoom. And also,

801
00:53:53.800 --> 00:54:00.119
AI can't lie. It can't tell
you something like if it doesn't know,

802
00:54:00.199 --> 00:54:02.519
it just gives it to you.
So that's a great point. Yeah,

803
00:54:02.559 --> 00:54:05.760
it doesn't know how to like,
but I mean, I'm sure you

804
00:54:05.760 --> 00:54:08.360
could ask some pretty personal things.
They're not going to know it. No.

805
00:54:08.400 --> 00:54:09.920
I mean, I mean, if
you like, what's my day to

806
00:54:09.960 --> 00:54:12.840
birth, It's like, yeah,
they can just look that up on them.

807
00:54:13.039 --> 00:54:15.559
Well, lets they got the driver's
license. What what I'm saying?

808
00:54:15.559 --> 00:54:17.599
They don't ask basic questions. I
mean, I'm sure there's no way AI

809
00:54:17.719 --> 00:54:22.159
can know personal questions. Do me
a favorite Johnny? Look to the right

810
00:54:22.239 --> 00:54:25.159
or left? Yeah, you know, it disappears kind of cool. I

811
00:54:25.199 --> 00:54:28.360
thought it was kind of cool,
that's all. Yeah, but that seems

812
00:54:28.400 --> 00:54:31.119
like a very easy thing for them
to create, simple some one of those

813
00:54:31.119 --> 00:54:36.280
things that you can I ultimately they
will, yeah, ultimately they'll correct it,

814
00:54:36.280 --> 00:54:39.800
but right now they have not.
It's it's an interesting one. We'll

815
00:54:39.840 --> 00:54:43.519
come up with other ideas. I
thought it was interesting. You know.

816
00:54:43.599 --> 00:54:46.719
The video had a wild week,
didn't it. And video is the kind

817
00:54:46.719 --> 00:54:50.159
of the darling of the market.
I think it was up seventy percent a

818
00:54:50.239 --> 00:54:57.760
year to date. The almost your
portfolio is do the question that cocktap parties.

819
00:54:57.920 --> 00:55:00.159
Do you have any in video?
How much do you have? You

820
00:55:00.239 --> 00:55:02.360
know? I have a lot of
InVideo. That was talking to a guy

821
00:55:02.679 --> 00:55:05.639
walking the dogs here and he goes, oh, the more could do?

822
00:55:05.719 --> 00:55:07.639
And I said to such and such
and he goes, Okay, I got

823
00:55:07.639 --> 00:55:14.199
a lot of video. Shut up, No, But isn't it funny?

824
00:55:14.320 --> 00:55:19.480
How that's kind of a bad that's
a badge, right, But it's been

825
00:55:19.519 --> 00:55:25.519
it's been selling off pretty steadily lately
because Google, an Intel, an Apple

826
00:55:27.039 --> 00:55:32.119
and others are making their own chips
that are specific to their technology. Now,

827
00:55:32.119 --> 00:55:37.880
there aren't any chips that are as
good as in video that will do

828
00:55:37.920 --> 00:55:43.119
what invidious chips will that will run
AI like it. But like I said

829
00:55:43.119 --> 00:55:47.480
before, maybe you don't need a
Mercedes. Maybe you'll be just fine with

830
00:55:47.480 --> 00:55:52.000
with a Ford. Maybe you'll be
just fine with a Cadillac. Maybe you

831
00:55:52.039 --> 00:55:59.599
don't need a Mercedes for this particular
function. How much of that redirection of

832
00:55:59.639 --> 00:56:06.159
those will ultimately impact and video.
That's a good thought. I see what

833
00:56:06.199 --> 00:56:08.480
you're saying, and it's todd I
think one of the other biggest things is

834
00:56:08.719 --> 00:56:14.239
is it's it's viewed as a risk
free trade. Yeah. The other way

835
00:56:14.239 --> 00:56:16.559
to look at it, though,
is that their backlogs are still significant.

836
00:56:17.559 --> 00:56:22.119
They're barely able to get through them. And so when you have backlogs on

837
00:56:22.239 --> 00:56:25.599
something like that, it's hard to
not see that there's going to be continuous

838
00:56:25.599 --> 00:56:30.559
demand. I just I think from
an area, No, you're one hundred

839
00:56:30.559 --> 00:56:34.920
percent right. The backlog is their
company's kicking it. They're making a ton

840
00:56:34.960 --> 00:56:38.199
of money. Every earning report for
the foreseeable futures is going to be Wow,

841
00:56:38.320 --> 00:56:42.440
they did what? So I don't
think there's any way, shape,

842
00:56:42.480 --> 00:56:45.639
or form that you get out of
this stock. But I think that from

843
00:56:45.679 --> 00:56:49.119
a technical point of view, we
talked. I think we talked last week

844
00:56:49.159 --> 00:56:52.519
where you could see this thing drifting
back down and if it were to drop,

845
00:56:52.719 --> 00:56:55.760
let's say, if it dropped under
eight hundred, how much panic selling

846
00:56:55.760 --> 00:57:00.440
would there be because there's an awful
lot of folks in this stock. But

847
00:57:00.480 --> 00:57:05.320
I think I think it's a risk
free trade and are new and and don't

848
00:57:05.360 --> 00:57:07.960
know, maybe don't even know what
Nvidia does other than the stockholl he goes

849
00:57:08.000 --> 00:57:10.760
up. I'm thinking it's a risk
free trade and buying into nine hundred dollars

850
00:57:10.960 --> 00:57:14.719
right, So? So okay,
Ia fifty l big, Dal's coming back

851
00:57:14.719 --> 00:57:16.440
to nine hundred day twenty five?
No big ye oh wait liked seven to

852
00:57:16.480 --> 00:57:19.400
seventy five? What am I supposed
to do? Oh maya? A couple

853
00:57:19.440 --> 00:57:22.480
of weeks back, I said something
about how Micron was going to start producing

854
00:57:22.559 --> 00:57:27.559
something, some sort of chip for
Nvidia, and micro Micron dropped a little

855
00:57:27.599 --> 00:57:31.199
bit this week because they are being
impacted. They have some impact to the

856
00:57:31.239 --> 00:57:35.480
supply of one of their chips segments
due to the earthquake in Taiwan. I

857
00:57:35.559 --> 00:57:38.880
wonder if that has anything to play
with Nvidia, you know, but probably

858
00:57:38.920 --> 00:57:43.360
not. Probably I said I said
last week that that the big story of

859
00:57:43.360 --> 00:57:46.119
the week was that Taiwanese earthquake,
and somebody laughed, right, Hy,

860
00:57:46.840 --> 00:57:50.639
that wasn't the big story. Yes
it was. It was the biggest story

861
00:57:50.679 --> 00:57:52.880
of though not last week but the
week before. It's one of the biggest

862
00:57:52.880 --> 00:57:54.199
earthquakes that had in a while.
Yeah, big starts getting not all that

863
00:57:54.199 --> 00:58:00.519
but supply disruption, uh, you
know, inflationary. But when you say

864
00:58:00.559 --> 00:58:04.400
big stories like to me, I
look at the markets, like like this

865
00:58:04.440 --> 00:58:06.960
week when you're like the solar eclips
Like, that's not a big story to

866
00:58:07.000 --> 00:58:08.599
me. The solar clips is dragon. It was. It was in the

867
00:58:08.639 --> 00:58:12.840
headline of every newspaper in the United
States, But it doesn't impact stocks at

868
00:58:12.840 --> 00:58:15.519
all. No. Actually, so
we need to get to it wasn't really

869
00:58:15.519 --> 00:58:21.400
the big story. It's like if
if President Biden died, I shouldn't say

870
00:58:21.400 --> 00:58:22.920
something. Yeah, that would affect
markets. No, but that's not really

871
00:58:22.920 --> 00:58:25.519
a big story because that's not about
the model about the market. Yeah,

872
00:58:25.519 --> 00:58:30.119
it's not about the market. It
would affect markets exactly like the Taiwanese earthquakes.

873
00:58:30.119 --> 00:58:34.039
It barely affected markets, affected a
couple of companies. Well, we'll

874
00:58:34.079 --> 00:58:37.199
see. We'll see now Taiwan Sami
Conductor. It's likes to be actually saying

875
00:58:37.480 --> 00:58:40.719
we'll see. You may be just
what about Taiwan. You may just be

876
00:58:40.760 --> 00:58:46.039
seeing the tip of the earthquake.
The tip of the earthquake. Hey,

877
00:58:46.079 --> 00:58:49.440
I saw, I saw a cooler
report. Think about this. Best Buy

878
00:58:49.719 --> 00:58:53.039
right. Best Buy hit an all
time high in late twenty one, as

879
00:58:53.039 --> 00:58:58.679
we all spent all kinds of money
buying laptops and new computers and all these

880
00:58:58.679 --> 00:59:00.639
things because we're going to be staying
at home forever. Right. I can

881
00:59:00.960 --> 00:59:06.199
attest to that because I bought the
first laptop I probably bought twenty years because

882
00:59:06.199 --> 00:59:07.519
I don't use the laptop a lot, but I went out and bought a

883
00:59:07.599 --> 00:59:15.440
laptop. So the stock then plunged
fifty seven percent from late twenty one to

884
00:59:15.559 --> 00:59:19.679
late twenty two. Obviously market sell
off, but that's far more than the

885
00:59:19.719 --> 00:59:22.599
market sold off. Over the last
twelve months, the stock is stabilized,

886
00:59:22.639 --> 00:59:28.000
moved about seven percent hire in the
last ninety days because guess what the average

887
00:59:28.119 --> 00:59:32.320
life of a laptop is three to
five years, four years, four years,

888
00:59:32.400 --> 00:59:37.000
four years ago. Yeah, so
we're getting into that replacement cycle.

889
00:59:37.440 --> 00:59:43.559
Now add to that the fact that
we are probably thirty to sixty days away

890
00:59:43.599 --> 00:59:49.199
from the first laptops that have AI
capability. You're gonna want one of those,

891
00:59:49.280 --> 00:59:53.239
right, I think. I think
the replacement cycle is just an interesting

892
00:59:53.320 --> 00:59:55.320
Let me ask you a question,
and they've got to give it a four

893
00:59:55.320 --> 00:59:58.960
point eight percent. Let me ask
you a question. Dave you have AI

894
00:59:59.119 --> 01:00:02.440
capacity in a computer A laptop?
I know, okay, laptop A capacity

895
01:00:02.480 --> 01:00:08.000
the laptop versus A capacity and an
iPhone? Which when you buy? Everyone

896
01:00:08.119 --> 01:00:13.400
has a laptop. Do you have
a laptop? Which one are you buying?

897
01:00:13.440 --> 01:00:15.679
I see you working on your laptop
if you have a laptop To answer

898
01:00:15.719 --> 01:00:19.159
the question, no, no,
I want I want it on board,

899
01:00:19.280 --> 01:00:23.000
not answering it because you know the
but not everyone can get both. Everyone

900
01:00:23.079 --> 01:00:27.280
has a cell phone and a laptop
everyone and if not you need to call

901
01:00:27.360 --> 01:00:30.039
somebody. Okay, there is gonna
get the point where why would you need

902
01:00:30.079 --> 01:00:32.280
a laptop if everything you do in
the laptop you do it a phone.

903
01:00:32.400 --> 01:00:36.360
Is it interesting that when you I
don't know if I agree with it's not

904
01:00:36.360 --> 01:00:37.719
true. It's not true. Yeah, it's not true. Right now I

905
01:00:37.760 --> 01:00:42.719
was gonna say it's not going to
be true. But it's so much easier

906
01:00:42.800 --> 01:00:45.239
to deal with a lap with your
phone, So you prefer if you're doing

907
01:00:45.360 --> 01:00:50.159
work, you'd prefer to use the
laptop if it's available. I agree.

908
01:00:50.320 --> 01:00:52.480
And if the phone's sitting there and
the laptop sitting there, you're gonna grab

909
01:00:52.519 --> 01:00:57.760
the laptop. I'm thinking more about
that for business purposes. If we're talking

910
01:00:57.880 --> 01:01:00.719
about just why someone needs a laptop
at their home if they don't do business

911
01:01:00.760 --> 01:01:06.440
on it, you're saying I don't
know the normal person. I know us

912
01:01:06.480 --> 01:01:10.039
who work on computers because that's our
job. Best Buy has a PE of

913
01:01:10.119 --> 01:01:15.199
thirteen, it has a dividend of
almost five percent, and we're getting into

914
01:01:15.320 --> 01:01:19.880
a replacement cycle. What I'm saying, Dave, is that's why I think

915
01:01:19.920 --> 01:01:22.639
Apple would be such a better buy
than best Buy, because Apple is going

916
01:01:22.719 --> 01:01:25.360
to put these AI things in their
new iPhone and it's going to be the

917
01:01:25.400 --> 01:01:29.000
same as that thing is. What
you're saying is people are gonna want their

918
01:01:29.000 --> 01:01:31.159
new iPhone with AI capacity. So
when you say best Buy, what comes

919
01:01:31.159 --> 01:01:35.239
to my mind is blockbuster, Like
why I could just buy it online?

920
01:01:35.280 --> 01:01:37.039
Why why do I have to go
to best Buy? But the best Buy

921
01:01:37.239 --> 01:01:40.519
is the top consumer electronics celler in
the country. But why wouldn't I Why

922
01:01:40.559 --> 01:01:45.599
wouldn't I just go to Visio directly? Or like, why do I have

923
01:01:45.639 --> 01:01:50.400
to use best Buy? I guess
what a he saying? Why wouldn't you

924
01:01:50.400 --> 01:01:52.840
just use Amazon? Or why wouldn't
you just use like any of the other

925
01:01:52.920 --> 01:01:55.679
one apples? And best Buy sells
more electronics than than the other two,

926
01:01:55.719 --> 01:01:59.519
So I don't know. Well,
whereas like it's probably because you can go

927
01:01:59.519 --> 01:02:00.880
in there and kick tires and try
it out, actually try it out.

928
01:02:00.960 --> 01:02:05.760
Yeah, I guess because the laptop's
pretty personal and it's pretty permanent. It's

929
01:02:05.760 --> 01:02:08.400
gonna be around for a while.
That's all I'm thinking. It's a it's

930
01:02:08.440 --> 01:02:12.960
a cheap stock that has a big
dividend. It's been a boring stock,

931
01:02:13.360 --> 01:02:20.000
and maybe maybe it's on the edge
of something cool. I think the biggest

932
01:02:20.039 --> 01:02:22.880
thing for best Buy is like is
students, because like if you if I

933
01:02:22.920 --> 01:02:25.920
thought about like all the electronics I
got, the majority of electronics I got

934
01:02:25.960 --> 01:02:29.559
was when I went into college,
and I think, like most people,

935
01:02:29.599 --> 01:02:32.920
they keep those electronics. Yeah for
a long while. Did you buy your

936
01:02:32.960 --> 01:02:37.440
electronics through best Buy? No?
Through the store? I bought it on

937
01:02:37.519 --> 01:02:42.039
the campus. Bought my electronics through
you have a bookstore? Bookstore? Yeah,

938
01:02:42.039 --> 01:02:45.480
that's the same thing. So yeah, I mean if best By could

939
01:02:45.559 --> 01:02:47.000
make a connection with a school or
something, that would be better. But

940
01:02:47.400 --> 01:02:52.519
so, how about this the ten
fastest growing brands in the United States.

941
01:02:52.039 --> 01:02:57.360
I thought this is pretty interesting.
Yelp put the list together and it wasn't

942
01:02:57.400 --> 01:03:00.519
just visits to Yelp. It was
they used a a pretty good algorithm.

943
01:03:00.599 --> 01:03:07.840
They had five or six different things
that they used to determine who is the

944
01:03:07.039 --> 01:03:10.639
really the fastest growing brand in the
US. Okay, what brand? What

945
01:03:10.679 --> 01:03:13.599
Kapa brand? Are we talking about? Are we talking? I'm not,

946
01:03:13.599 --> 01:03:15.519
I'm not looking. I'm saying what
tip of brand? Are we talking about?

947
01:03:15.519 --> 01:03:17.559
Her? Companies? Rest Company?
Any company, any company, any

948
01:03:17.559 --> 01:03:21.960
company? Fastest growing brand in the
United States? Number one in the video,

949
01:03:22.000 --> 01:03:27.360
not even close, not even in
the top ten. Lulu Cava Okava,

950
01:03:28.039 --> 01:03:35.960
dang, it's cavad is not changed. Change because that's what you said.

951
01:03:36.000 --> 01:03:43.159
Any company. That's why I asked, irafore you specifically because the listeners

952
01:03:43.239 --> 01:03:45.519
knew, right see, they answered
yes, and I started shaking head.

953
01:03:47.159 --> 01:03:51.559
So Cava is number one. It's
a it's a Mediterranean fast casual. There's

954
01:03:51.599 --> 01:03:53.119
not one in Tucson. There is
one in Phoenix, Okay, so we're

955
01:03:53.119 --> 01:03:57.320
talking about food, but I would
think it would be one in Tucson soon,

956
01:03:57.440 --> 01:04:00.519
right, soud and Go. Number
two, No, that's out and

957
01:04:00.599 --> 01:04:04.239
Go. That's a little regional thing. Scooter's Coffee is number two. Never

958
01:04:04.280 --> 01:04:09.440
heard of it? Three? Three
surprise me? Three surprise me. Long

959
01:04:09.519 --> 01:04:14.719
Hunted Steakhouse What yeah? Long Hunted
Steakhouse is the third fastest growing brand in

960
01:04:14.719 --> 01:04:18.199
the United States. Number four,
the Habit Grill. It's owned by Young

961
01:04:18.360 --> 01:04:20.440
I've heard about that one I have, I have two. I think there's

962
01:04:20.440 --> 01:04:24.920
one here in Tucsons. Wah Wah
is number five. Wah wah is like

963
01:04:24.960 --> 01:04:28.559
a qt. It must be in
some other part of the country. I

964
01:04:28.599 --> 01:04:30.800
don't know. Wah Wah. I've
heard of it. So they're saying that

965
01:04:30.800 --> 01:04:35.920
these these are the fastest growing brands
in the United To know how they're making

966
01:04:35.960 --> 01:04:41.079
that that you read about google it, there's there's it's quite an algorithm,

967
01:04:41.440 --> 01:04:44.760
a lot of different things that they
anyway, Number six Popeye Chicken, seven,

968
01:04:44.800 --> 01:04:47.559
Freddy's eight, Rally House. Rally
House was the only retailer that's the

969
01:04:47.599 --> 01:04:53.719
sports shakeshack on there. Nope,
Olive Garden and Jersey Mike's Shake Shocks is

970
01:04:53.760 --> 01:04:56.639
pretty narrow if you look at the
words shake shocks are located. Not many

971
01:04:56.760 --> 01:04:59.760
locations. No, No, I
think they just opened one up in Phoenix.

972
01:04:59.840 --> 01:05:01.920
The the only reason I asked.
There's been one in Phoenix for years

973
01:05:03.000 --> 01:05:06.239
from early and the guy that started
it in New York may have had a

974
01:05:06.280 --> 01:05:11.039
house in Phoenix or something, because
I remember one being up there probably six

975
01:05:11.159 --> 01:05:14.679
seven years ago. Well, those
kind of an industry list. But Cava

976
01:05:14.880 --> 01:05:17.679
definitely Nember won. Cava is a
publicly traded shock. They've been on a

977
01:05:17.760 --> 01:05:20.800
tear and they've been on a chair
and Kramer said any dip by it.

978
01:05:20.960 --> 01:05:25.760
I'm thinking, well, okay,
whatever, see that to me, because

979
01:05:25.760 --> 01:05:29.880
when you we just hear about like
restaurants, like there's no way that any

980
01:05:29.920 --> 01:05:32.800
one of those restaurants are building more
new locations than a Starbucks or a McDonald's

981
01:05:32.880 --> 01:05:36.880
in the US, but they must
have other like variables, and that tricks

982
01:05:36.880 --> 01:05:41.599
going into it. You'll have to
google it make sure they're doubting Thomas.

983
01:05:41.920 --> 01:05:46.920
That's like three of those. You
never even heard of them. Yeah,

984
01:05:47.199 --> 01:05:53.039
at least at least three. Maybe
Reddy's Frozen Customs stake burgers. I kind

985
01:05:53.039 --> 01:05:55.800
of like, I know that as
my wife does not. Isn't bad my

986
01:05:55.840 --> 01:05:59.039
wife does not great greasy for her. Yeah, I could see the kind

987
01:05:59.079 --> 01:06:03.559
of like it, you know.
Anb C survey last week indicated that sixty

988
01:06:03.679 --> 01:06:12.159
five percent of Americans sixty five percent
are living paycheck to paycheck. Sixty five

989
01:06:12.199 --> 01:06:16.440
percent. Survey indicated that's far and
away the biggest problem that people are facing

990
01:06:17.079 --> 01:06:21.239
is inflation. That's far and away
number one, followed by a lack of

991
01:06:21.280 --> 01:06:27.320
savings, credit card debt, and
rising interest rates. But the sixty five

992
01:06:27.320 --> 01:06:30.920
percent would classify themselves as someone who's
living paycheck to paycheck. Yeah, and

993
01:06:31.000 --> 01:06:35.599
you know you hear that inside.
I check the paycheck. You know,

994
01:06:35.679 --> 01:06:40.199
I do financial plannings for a living. And when people say they live paycheck

995
01:06:40.239 --> 01:06:45.360
to paycheck, it looks very different
to some people versus others. Was what

996
01:06:45.400 --> 01:06:48.480
you realize when people classify themselves living
paycheck to paycheck, it could mean one

997
01:06:48.519 --> 01:06:53.199
thing. For some person and another
thing for another. You know, we've

998
01:06:53.239 --> 01:07:00.840
suggested being cautious around the Canadian marijuana
stocks because according to the company themselves,

999
01:07:00.840 --> 01:07:03.880
the reclassification of marijuana in the United
States would be of no benefit to them

1000
01:07:03.920 --> 01:07:11.239
at all. Jill Ray had rallied
fifty percent in the last thirty days and

1001
01:07:11.280 --> 01:07:14.920
we saw that with canopy growth and
others, but gave up half of that

1002
01:07:14.960 --> 01:07:19.119
game on Tuesday after reporting a disappointing
quarter with disappointing guidance, expecting a slow

1003
01:07:19.239 --> 01:07:24.320
ing in Canadian cannabis sales. It
was still Ray that just bought out all

1004
01:07:24.360 --> 01:07:27.360
the craft beers, right, yeah, yeah, yep. But it's kind

1005
01:07:27.400 --> 01:07:32.360
of interesting that And I think that
when they Canadian marijuana's talk first started trading,

1006
01:07:33.039 --> 01:07:36.280
there was just thought that they would
be able to do business in the

1007
01:07:36.360 --> 01:07:41.639
United States ultimately, and that simply
has not come to fruition. And without

1008
01:07:41.679 --> 01:07:49.079
that, they really are dealing in
a fairly small populace versus the United States,

1009
01:07:49.119 --> 01:07:56.920
definitely, and they are sales numbers
and expectations maybe not gonna maybe not

1010
01:07:56.960 --> 01:08:01.440
gonna be there. Yeah, stupidest
role we have as country with that marijuana.

1011
01:08:02.000 --> 01:08:04.880
Yeah, it's interesting because state it's
stayed by state, and I don't

1012
01:08:04.920 --> 01:08:08.280
know how many states have legalized you
now, no, no, no,

1013
01:08:08.320 --> 01:08:12.239
that's a federal The scheduling is a
schedule one. Yeah, marijuana, no,

1014
01:08:12.320 --> 01:08:15.400
yeah, I ever, Yeah,
the federal federal is really really tough

1015
01:08:15.440 --> 01:08:18.199
because we have fetanyl's schedule too.
But let's just throw cannabis right above it.

1016
01:08:18.319 --> 01:08:25.840
Yeah, above fentanyl makes I'm pretty
sure methaphetamine is three. Yeah.

1017
01:08:26.039 --> 01:08:30.319
But I think getting reclassified probably is
going to happen, and that may cause

1018
01:08:30.359 --> 01:08:36.760
the Canadian marijuana stocks to rally,
maybe even significantly. Be a seller,

1019
01:08:38.079 --> 01:08:41.319
be a seller into that rally.
What I don't understand is so the only

1020
01:08:41.359 --> 01:08:45.640
reason that fednyl's classified as a Class
two rather than one is because there's a

1021
01:08:45.640 --> 01:08:54.119
medical benefit to the drug. Now
marijuana was class there's medical benefits to that,

1022
01:08:55.000 --> 01:09:00.159
people get medical marijuana cards. Doesn't
make sense exactly, No, It

1023
01:09:00.199 --> 01:09:04.680
is one of the mysteries of life. That's that one thereon is just really

1024
01:09:04.680 --> 01:09:11.399
hard to when something doesn't make any
sense, the only answer is someone will

1025
01:09:11.439 --> 01:09:15.159
make more money having that thing is
not scheduled three. Yeah. Right,

1026
01:09:15.479 --> 01:09:18.760
I mean, that's the only when
things don't make any sense. Someone's making

1027
01:09:18.800 --> 01:09:21.960
money because of it and you can
almost guarantee you politics is involved. Oh

1028
01:09:23.039 --> 01:09:27.199
yeah, on some level, right, Yeah, politics is a being something.

1029
01:09:28.199 --> 01:09:31.319
Hey, you see this. In
addition to the government electric vehicle rebate,

1030
01:09:31.600 --> 01:09:35.520
Ford and We reported last week that
their electric vehicle sales in the first

1031
01:09:35.520 --> 01:09:40.439
three months of the year, we're
up eighty seven percent. And I suggested

1032
01:09:40.520 --> 01:09:43.640
that might be from ten to eighteen
but because they haven't been real good at

1033
01:09:43.640 --> 01:09:46.880
getting them out there in tongue in
cheek. But here's here's an interest one.

1034
01:09:46.960 --> 01:09:53.159
In addition to the federal rebate,
they are giving fifteen hundred dollars to

1035
01:09:53.319 --> 01:09:58.680
any current Tesla owner who conversed to
Ford. Yeah, if you buy the

1036
01:09:59.439 --> 01:10:02.840
Machi or a Lightning, you get
another fifteen hundred bucks off just because you

1037
01:10:02.880 --> 01:10:05.800
were a previous Tesla owner. You're
gonna make the switch. I'm not a

1038
01:10:05.800 --> 01:10:12.239
Tesla owner. Oh oh, I'm
driving around car I forgot. But it's

1039
01:10:12.319 --> 01:10:15.640
you know, since Tesla does dominate
that luxury vehicle marketing, if you're wanting

1040
01:10:15.680 --> 01:10:20.439
to find people who are interested in
luxury vehicles, probably not a bad place

1041
01:10:20.439 --> 01:10:23.800
to start. Yeah, that's a
good marketing move. Yeah, it's kind

1042
01:10:23.800 --> 01:10:26.279
of thinking outside the box a little
bit like I kind of like that,

1043
01:10:27.199 --> 01:10:30.800
kind of like that Carmac speaking of
cars up twenty percent in the last twelve

1044
01:10:30.840 --> 01:10:33.840
months. They lost six percent at
the open on Thursday after reporting earnings for

1045
01:10:33.880 --> 01:10:40.159
the most recent quarter thirty five percent
below what was expected. Todd, what

1046
01:10:40.199 --> 01:10:43.560
do you think. I think the
interest rates have something to do with that.

1047
01:10:43.880 --> 01:10:45.800
Obviously, it seems like it would
be a big part of it.

1048
01:10:45.760 --> 01:10:48.640
It's same thing with like first solo. If interest rates go higher, you

1049
01:10:48.640 --> 01:10:51.720
know, it doesn't make as much
sense to do it. The other thing

1050
01:10:51.840 --> 01:10:57.920
is that used car prices continue to
fall, working their way back to normal

1051
01:10:58.079 --> 01:11:00.520
normalized. You know, we have
normalized in straight now maybe we can get

1052
01:11:00.600 --> 01:11:03.199
normalized used car price. So there's
a point that you could go buy a

1053
01:11:03.279 --> 01:11:06.439
Tacoma for twenty thousand dollars and you
know, six months later sell it for

1054
01:11:06.479 --> 01:11:09.920
twenty five I was never able to
have it. There was, yeah,

1055
01:11:09.920 --> 01:11:14.159
there was, And the same back
I think I said last week the Tesla

1056
01:11:14.199 --> 01:11:16.159
model I was sixty nine to nine
two years ago and now it's forty nine

1057
01:11:16.279 --> 01:11:21.680
nine. Though there's one thing mentioned
real quick about bitcoin had a trade lower

1058
01:11:21.720 --> 01:11:26.239
on the week. It was not
about another five percent around sixty six eight.

1059
01:11:26.479 --> 01:11:29.159
Get a new all time high first
though, right, No, I

1060
01:11:29.199 --> 01:11:31.039
don't know why Kramer said that it
was not an all time hile. No,

1061
01:11:31.119 --> 01:11:34.319
I don't know where he gets his
numbers. Either way, I hope

1062
01:11:34.359 --> 01:11:38.800
that the price trades down to around
sixty. I think that gives it a

1063
01:11:38.920 --> 01:11:42.079
nice, healthy correction. But the
chart looks good. It's building a base,

1064
01:11:42.960 --> 01:11:45.640
so not a bad place to start. We'll be back for another segment

1065
01:11:45.800 --> 01:11:49.399
of The Money Matter Show after this
break. Thank you for listening. Welcome

1066
01:11:49.439 --> 01:11:51.680
back to The Money Matter Show.
My name is Sebastian Bors. Seen him

1067
01:11:51.720 --> 01:11:56.800
here with Dave Sherwood and Todd Clicks
Junior and no Dean and no Dylan.

1068
01:11:56.840 --> 01:11:59.920
They're out traveling. We we said
in the first hour that we have,

1069
01:12:00.479 --> 01:12:03.680
uh, we're fortunate enough to have
some NFL clients and Dean and Delan are

1070
01:12:03.920 --> 01:12:10.279
visiting and as some NFL prospects who
have been referred by our NFL clients.

1071
01:12:10.560 --> 01:12:13.880
And one thing about the NFL players, they expect you to come to them.

1072
01:12:14.600 --> 01:12:16.920
Yeah, I get that. I
get that. It's fun stuff.

1073
01:12:17.479 --> 01:12:20.399
I have a question for you,
guys. So here's a list. Here.

1074
01:12:21.119 --> 01:12:25.800
It's migration levels by state in twenty
twenty three. Where do you think

1075
01:12:25.840 --> 01:12:31.960
the highest migration states were top three
in twenty Pacific and coming in in flux

1076
01:12:32.159 --> 01:12:36.640
number one. Texas. There you
go, Florida, Poria was two.

1077
01:12:38.039 --> 01:12:43.319
You're saying Florida, Orda, Nevada
hit Florida and Texas top two. Okay,

1078
01:12:43.840 --> 01:12:47.520
Arizona, North Carolina and twenty North
Carolina. That's right. South Carolina

1079
01:12:47.560 --> 01:12:50.840
had some good ones too. But
living in an Arizona, I just thought

1080
01:12:50.880 --> 01:12:55.079
that it's definitely a bias talking.
I thought that we would be up there

1081
01:12:55.119 --> 01:12:57.640
on that list. We're up there, but not in the top three.

1082
01:12:58.239 --> 01:13:00.520
Correct, we had probably tough.
I think, no, we're in.

1083
01:13:00.640 --> 01:13:02.760
I think we're seven. I was
gonna say, all you gotta do is

1084
01:13:02.800 --> 01:13:06.199
drive around to know there's a whole
lot of other more. There's a whole

1085
01:13:06.199 --> 01:13:10.840
lot more then we're here a year
ago, a lot more congestion two years

1086
01:13:10.840 --> 01:13:13.560
ago. Oh my goodness. Yes. I set through the light at Grant

1087
01:13:13.560 --> 01:13:17.239
and Craigcroft three times last night.
I make a left turn from Craikcroft on

1088
01:13:17.319 --> 01:13:19.920
to Grant to get to the gym. I've done it almost every day for

1089
01:13:20.199 --> 01:13:25.279
the last twelve years. Twice I've
set to the light twice. A couple

1090
01:13:25.319 --> 01:13:30.319
of times. Never three times.
Never three times. Actually I went the

1091
01:13:30.319 --> 01:13:33.800
third time, So that's setting to
it twice, isn't it normally? It's

1092
01:13:33.800 --> 01:13:38.079
not unusual. It is unusual.
I usually get right through, but it's

1093
01:13:38.159 --> 01:13:42.479
unusual to sit there through a one
light change. I've never set through too

1094
01:13:42.640 --> 01:13:46.119
ever in twelve years. So isn't
it time? It's it's April. It

1095
01:13:46.239 --> 01:13:50.039
was ninety two on Thursday. Isn't
it time to go home? Go home?

1096
01:13:50.119 --> 01:13:53.279
Yeah? In the time to go
home. We love you, We

1097
01:13:53.399 --> 01:13:57.479
thank you for visiting. It's your
money that keeps Arizona green, for stimulating.

1098
01:13:57.960 --> 01:14:00.840
Yes, we love it. It's
time to go. Yeah. I

1099
01:14:00.880 --> 01:14:04.439
was gonna say it keeps too song
green that that that stuff doesn't change in

1100
01:14:04.479 --> 01:14:09.680
Phoenix. The congestion doesn't go away. No, you might. You might

1101
01:14:09.720 --> 01:14:12.399
get a little bit here in too
Son, but even that's gonna start going

1102
01:14:12.439 --> 01:14:15.920
away to it already? Has You
have more families moving here. That's not

1103
01:14:15.000 --> 01:14:17.760
just snowbirds anymore, No, I
no question. You have a lot of

1104
01:14:17.800 --> 01:14:21.159
communities, a lot of suburbs,
and that trend will continue. I mean

1105
01:14:21.199 --> 01:14:26.520
the whole Marana. There's this suburbs
everywhere, family houses everywhere. Yeah,

1106
01:14:27.159 --> 01:14:30.640
people are always surprised to hear that
the average age in too Son is below

1107
01:14:30.720 --> 01:14:32.720
the national average. Yeah, I
mean, you think of the retirement.

1108
01:14:32.760 --> 01:14:39.239
But there's a lot of funny people
here. What is the average Yeah,

1109
01:14:39.640 --> 01:14:44.840
I wasntour Yeah, somewhere around there, which is a surprising figure. But

1110
01:14:44.880 --> 01:14:47.439
it's more families. It's not like
we have a huge you know, and

1111
01:14:47.479 --> 01:14:51.039
you have a university, which helps
pull it down a little bit. You

1112
01:14:51.039 --> 01:14:55.319
know. One stock that's kind of
important that nobody's talking about it anymore is

1113
01:14:55.359 --> 01:14:58.439
Apple. Have you noticed that you
never hear anybody talk about it Apple.

1114
01:14:58.520 --> 01:15:01.800
We haven't stopped talking company in the
world, and the stock is the second

1115
01:15:01.920 --> 01:15:06.319
largest behind Microsoft. They go back
and forth. I know, I don't

1116
01:15:06.359 --> 01:15:10.239
know. I think I think I
think Apple might be ahead of them this

1117
01:15:10.279 --> 01:15:13.560
week because Apple had a nice week, a great week that went from sixty

1118
01:15:13.600 --> 01:15:16.119
eight to what's seventy five, went
sixty eight to one seventy five something like

1119
01:15:16.159 --> 01:15:19.039
that, and it held up very
nicely in a down week. It looked

1120
01:15:19.039 --> 01:15:23.600
like it looked really strong. It
looked like it was going to be going

1121
01:15:23.680 --> 01:15:27.640
to be all that. Uh.
JP Morgan Wells Fargo both upgraded the stock.

1122
01:15:28.319 --> 01:15:32.319
Good technical support TOWD around one sixty
five solid and hell yeah, I

1123
01:15:32.319 --> 01:15:35.840
mean one of the few stocks to
be up on Friday. Yeah, the

1124
01:15:35.840 --> 01:15:40.239
the high for the all time highs
at one hundred and ninety nine finished on

1125
01:15:40.319 --> 01:15:45.520
Friday about one seventy five ish.
Really nice base if formed, performed exactly

1126
01:15:45.600 --> 01:15:48.840
how you would want to see it, especially through you know, the market

1127
01:15:49.039 --> 01:15:53.680
just seeing a bloody day. I
mean, it looks good here. I've

1128
01:15:53.720 --> 01:15:58.119
loved their idea with the Google AI. This that synergy there is going to

1129
01:15:58.199 --> 01:16:00.680
be really exciting to see. That's
one of the big ones that people hadn't

1130
01:16:00.720 --> 01:16:03.720
wanted to talk about or touch was
Google as well. And what did that

1131
01:16:03.800 --> 01:16:08.119
do? It just touched an all
time high. Yeah, and that's that's

1132
01:16:08.159 --> 01:16:11.600
because of their partnership with Apple,
right absolutely. I'd say something that I

1133
01:16:11.640 --> 01:16:15.600
don't truly get is like the valuation
on meta Like what's that trading on right

1134
01:16:15.640 --> 01:16:20.000
now? Five eleven? Wow?
And it's as much as they are quality.

1135
01:16:20.079 --> 01:16:24.199
I mean, what other than social
media are they? Yeah? You

1136
01:16:24.279 --> 01:16:30.079
know, like what being advertising platform? Some ridiculous number like fifty percent of

1137
01:16:30.119 --> 01:16:34.920
all online advertising and goes through Google, Facebook, some ridiculous number, and

1138
01:16:34.960 --> 01:16:40.840
it's advertising number. I thought,
what and if you if you look at

1139
01:16:40.840 --> 01:16:43.680
shark Tank, watch shark Tank,
you know on SMBC, or were you

1140
01:16:43.680 --> 01:16:46.840
advertising Facebook Facebook? You know?
It is something I guess you could consider

1141
01:16:46.880 --> 01:16:51.960
that, like our whole traditional system
was based on TV ads and that the

1142
01:16:53.079 --> 01:16:58.439
value that we used to subscribe to
those ads are being transferred to online marketing

1143
01:16:58.560 --> 01:17:01.960
and as TV ads go out there
definitely is like I'm not on TikTok,

1144
01:17:02.039 --> 01:17:06.119
but I see promoters that are,
and what do these promoters get sensed?

1145
01:17:06.199 --> 01:17:12.000
Just bags and bags of stuff too. Just make a video of sure you

1146
01:17:12.039 --> 01:17:15.399
know that that is where advertisement is
going, and it's been going for quite

1147
01:17:15.439 --> 01:17:20.199
some time now. Yeah, I
mean away from TVs and into the advertisement,

1148
01:17:20.239 --> 01:17:26.119
into the reels into I think that's
always one thing that for me has

1149
01:17:26.119 --> 01:17:30.039
always been hard. It's kind of
like when I look at a healthcare it's

1150
01:17:30.079 --> 01:17:35.800
hard for me to see how people's
trends are gonna be when it's like it's

1151
01:17:35.840 --> 01:17:42.439
almost based on societal things. Whereas
like we know iPhones are going to be

1152
01:17:42.479 --> 01:17:45.359
around, we know people are always
gonna want information through Google. We know

1153
01:17:45.479 --> 01:17:48.800
that Amazon's always going to because people
need a place to shop. It's like,

1154
01:17:49.000 --> 01:17:53.199
but will there ever be a better
Meta like it like it. All

1155
01:17:53.239 --> 01:17:57.039
it is is an online forum,
right, all it is is a community.

1156
01:17:57.840 --> 01:18:00.640
What do you guys used to have
a bulletin board. You need bulletin

1157
01:18:00.680 --> 01:18:04.840
board where you put all your That's
all it is, right, What's so

1158
01:18:04.960 --> 01:18:09.119
unique about it? If I have
it? I'm just curious if you have

1159
01:18:09.159 --> 01:18:12.279
a moat, that's what's unique.
Moat? I mean, the network effect

1160
01:18:12.439 --> 01:18:15.439
is probably the biggest at it they've
got. The We talked last week about

1161
01:18:15.479 --> 01:18:17.159
the moat around your castle. Right, if you had a big enough moat

1162
01:18:17.239 --> 01:18:20.239
around your castle, nobody's going to
get into it. And and Meta's got

1163
01:18:20.239 --> 01:18:24.680
a huge moat around their castle.
Well, it's like when you then look

1164
01:18:24.680 --> 01:18:27.399
at something like a Donald Trumps Social
it's like, how do you compete?

1165
01:18:28.119 --> 01:18:32.640
Yeah? Even a Twitter It's like
it's not the same making posts on our

1166
01:18:32.640 --> 01:18:39.680
Greenberg financial page and we do advertisements
and stuff on that. It's I agree

1167
01:18:39.760 --> 01:18:42.760
with you a lot, Todd,
because it seems that whenever we do make

1168
01:18:42.800 --> 01:18:45.720
an advertisement and we boost that post, what is it infiltrated by bots?

1169
01:18:45.840 --> 01:18:50.279
So why is this the main source
of advertisement that companies are going through?

1170
01:18:51.680 --> 01:18:54.920
Yeah, I mean there's a lot
of bots on that. That's for sure.

1171
01:18:55.520 --> 01:18:58.319
And so like when you think of
how to describe for the and a

1172
01:18:58.439 --> 01:19:00.920
I bought is like, well,
it could be just a boy, but

1173
01:19:00.960 --> 01:19:05.520
it's like a fake account social media
account that says it's somebody, but it's

1174
01:19:05.520 --> 01:19:10.239
not really that person. Someone in
Russia. We have the same Joe Blow

1175
01:19:10.319 --> 01:19:15.439
comment on every single every single post
that we boost, and he says the

1176
01:19:15.479 --> 01:19:21.359
same exact thing Latinos for Trump,
And I just know that it's not a

1177
01:19:21.439 --> 01:19:25.520
real person because you could go you
can tell when you could go to his

1178
01:19:25.640 --> 01:19:29.000
page and a real person would have
pictures of him, pictures of his family,

1179
01:19:29.039 --> 01:19:30.760
pictures of this. It's one picture. It's a profile picture and that's

1180
01:19:30.800 --> 01:19:35.039
it. Nothing else. Yeah,
no, it's you see it all the

1181
01:19:35.079 --> 01:19:39.159
time with you just go to a
social you can tell a real social media

1182
01:19:39.159 --> 01:19:42.399
page versus a fake one. If
you look at your social media page,

1183
01:19:42.439 --> 01:19:44.479
you're like, oh, this person
is active. It's a real person.

1184
01:19:44.520 --> 01:19:46.880
You can't not be who you say
you are. But then you look at

1185
01:19:46.920 --> 01:19:51.479
other accounts, you're like this,
let me boost this post. And Facebook's

1186
01:19:51.479 --> 01:19:55.960
going to take all these inactive accounts
and then make sure that they but they're

1187
01:19:56.000 --> 01:19:58.399
not. They don't show up as
inactive. That's no, they don't show

1188
01:19:58.439 --> 01:20:01.680
it up as they are active.
They're just not real people, and so

1189
01:20:01.720 --> 01:20:05.239
they skew the numbers. I mean, anytime I post, like somehow post

1190
01:20:05.239 --> 01:20:09.720
a weekly market update, I used
to do it on Twitter. All the

1191
01:20:09.720 --> 01:20:14.239
Twitter bots which send like automatically comment
on the post saying check out this new

1192
01:20:14.279 --> 01:20:16.840
crypto that just came out. And
it's like because it's just a pin,

1193
01:20:17.199 --> 01:20:21.359
like the minute they see new posts, it's like automatically their bot will comment

1194
01:20:21.439 --> 01:20:26.319
on They jump on to your page, hoping that people will read your page

1195
01:20:26.319 --> 01:20:29.800
and see what your comment their comment. It's kind of almost like an ad

1196
01:20:30.079 --> 01:20:34.439
yeah wow wow. And and so
like these bots, like for example,

1197
01:20:34.479 --> 01:20:38.880
like Donald Trump fundraising, I see
it all the time on Twitter. That's

1198
01:20:38.880 --> 01:20:43.359
a bot account, Like that's not
really Donald Trump's fundraising campaign. It's just

1199
01:20:43.399 --> 01:20:45.760
a bot account saying that it's Donald
Trump's campaign. You send money and then

1200
01:20:45.840 --> 01:20:51.439
they just whatever, oh my goodness, how I mean that there's all kinds

1201
01:20:51.439 --> 01:20:55.640
of these bots up there. So
that's why when we look at how much

1202
01:20:55.720 --> 01:20:58.279
is your audience reaching, it tells
you a number, but you don't know

1203
01:20:58.319 --> 01:21:01.560
if that's real number or if that's
half of that spot, sir. So

1204
01:21:01.600 --> 01:21:04.760
that's the only issue when you look
at it from a business perspective. Did

1205
01:21:04.840 --> 01:21:10.960
you guys watch notice rent a runway
this week? The stock rent a runway?

1206
01:21:11.239 --> 01:21:15.760
No, No, rented runway is
a rent is as a design you

1207
01:21:15.880 --> 01:21:20.079
rent used designer apparel, and so
it's just like you can walk the runway.

1208
01:21:20.159 --> 01:21:24.880
Right, so rent a runway.
We've joked about it on the show

1209
01:21:25.359 --> 01:21:30.560
that it's probably something that this country
can live without. Right is this company

1210
01:21:30.880 --> 01:21:36.399
stock is down ninety percent over the
last twelve months before saying on Thursday that

1211
01:21:36.479 --> 01:21:45.800
they're going to use AI to help
grow their business, and suddenly, don't

1212
01:21:45.800 --> 01:21:51.119
you wish became the latest means stock
Sebastian is tripled in less and less in

1213
01:21:51.239 --> 01:21:56.479
less than an hour, yep in
less than an hour tripled. It closed

1214
01:21:56.560 --> 01:22:00.399
yesterday was Thursday, with a gain
of one hundred and seventy percent. Friday

1215
01:22:00.479 --> 01:22:04.560
had jumped. Friday had jumped another
twenty five percent at the open. And

1216
01:22:04.600 --> 01:22:08.920
I'm saying, really, and I
actually had a client call me and he

1217
01:22:09.119 --> 01:22:12.239
likes to trade, and what about
this? I said, you know,

1218
01:22:12.359 --> 01:22:15.520
this is playtime for the traders.
You just better really be careful here because

1219
01:22:15.560 --> 01:22:18.279
I mean you could you can put
in twenty five hundred bucks and have it

1220
01:22:18.279 --> 01:22:21.319
to be five thousand an hour later. Well you have it B zero.

1221
01:22:21.720 --> 01:22:27.800
That's just the perfect I guess,
like lens yeah, perspective of what we're

1222
01:22:27.840 --> 01:22:30.079
going through right now. It's like, why does the word AI make that

1223
01:22:30.159 --> 01:22:34.640
company's business model more profitable? Rent
a runway? It makes absolutely no sense.

1224
01:22:34.840 --> 01:22:38.520
It's O no, no, no, no no. It's like you're

1225
01:22:38.520 --> 01:22:41.520
on a thing and you're like,
oh, I want to wear this Scucci

1226
01:22:42.079 --> 01:22:44.279
thing that I could never get it, but I can get it for a

1227
01:22:44.319 --> 01:22:46.960
week at a super cheap price.
Goodness, so I can wear it whatever

1228
01:22:47.640 --> 01:22:50.920
designer merchandise. So the only thing
AI could do for that borrow of the

1229
01:22:50.960 --> 01:22:54.560
design yeah oh yeah absolutely. And
the only thing I could do with that

1230
01:22:54.720 --> 01:22:59.319
on AI is to have suggestions based
on what you liked in the past or

1231
01:22:59.399 --> 01:23:02.920
you're I mean, AI could make
you better suggestions, but it doesn't change.

1232
01:23:02.960 --> 01:23:05.840
It's not gonna make sales out of
thin air. Other than that,

1233
01:23:06.359 --> 01:23:12.760
AI won't add anything to that business
model. All you're doing is curating to

1234
01:23:12.880 --> 01:23:15.640
the suggestion piece of it. I
mean, it doesn't it's not gonna bring

1235
01:23:15.720 --> 01:23:20.800
more people to do it. I
would never rent anything clothing wise, I

1236
01:23:20.800 --> 01:23:24.720
mean other than an actual tuxedo,
right, And I'm not gonna do that

1237
01:23:24.800 --> 01:23:28.199
even online properly. I'm gonna go
get fitted exactly you want to get fitted?

1238
01:23:28.199 --> 01:23:30.399
Why would I get it online?
I just want to hope it like

1239
01:23:30.520 --> 01:23:33.359
hope I get my measurements right,
Like, no, No, I'm the

1240
01:23:33.359 --> 01:23:35.840
same way. I'm not gonna guess
on that. I didn't even think about

1241
01:23:35.880 --> 01:23:39.840
it. I do a lot of
stuff online, but when it came time

1242
01:23:39.880 --> 01:23:43.439
to get a touch for a man, think men's warehouse, Yeah, getting

1243
01:23:43.439 --> 01:23:45.479
fitted. I mean there's yeah,
there's certain things. I'm not gonna buy

1244
01:23:45.479 --> 01:23:48.239
propane online, right, I mean
there's certain things where it's like you're gonna

1245
01:23:48.239 --> 01:23:53.239
go with a person I like it. So we see these kinds of things

1246
01:23:53.239 --> 01:23:56.520
all the time. And when you
see something like this, it's moving like

1247
01:23:56.600 --> 01:24:00.840
this, either strap it on and
understand what you're involved in or stay away.

1248
01:24:01.439 --> 01:24:05.079
I mean it is it is a
traders. It really is play day

1249
01:24:05.159 --> 01:24:09.560
for the traders. And that's all. So we'll be back with the last

1250
01:24:09.600 --> 01:24:12.680
segment of The Money Matter Show.
Thanks again for joining us. We appreciate

1251
01:24:12.720 --> 01:24:15.439
Welcome back to the Money Matter Show. My name is Todd Glick. I'm

1252
01:24:15.439 --> 01:24:17.800
here with Sebastian Board Senior and David
Sherwood. The Greenbergs will be joining us

1253
01:24:17.880 --> 01:24:21.640
back next week. Just to round
it out again. For the week,

1254
01:24:21.720 --> 01:24:25.399
the Dove was down two point four, the sp was down one point six,

1255
01:24:25.479 --> 01:24:28.920
NASDAK was down onero point four,
Russell two thousand was down two point

1256
01:24:28.920 --> 01:24:31.640
eight, and the equated was down
two point six, showing that the broad

1257
01:24:31.680 --> 01:24:36.760
market lost more this week than the
some of the top heavy quality companies on

1258
01:24:36.800 --> 01:24:42.159
the S and P five hundred size. Year to date, we're still seeing

1259
01:24:42.479 --> 01:24:45.600
the inversion here, well, not
the inversion, but the spread wide in

1260
01:24:45.600 --> 01:24:47.560
between the S and P five hundred
and equal weighted SMP or to date,

1261
01:24:47.600 --> 01:24:50.920
it's up seven point four and the
equ weight is up two point seven.

1262
01:24:51.560 --> 01:24:57.000
The Russell two thousand the only negative
index on the year so far, down

1263
01:24:57.039 --> 01:25:00.319
for the year, the Russell two
thousand. That's after the best first quarter

1264
01:25:00.720 --> 01:25:05.760
in for stock in five years.
You've got one group that's down for the

1265
01:25:05.880 --> 01:25:12.199
year, the Russell. I was
interested to see that the Nasdaq almost unchanged

1266
01:25:12.279 --> 01:25:16.960
on the week despite pretty significant popping
interest rates. Yep, that doesn't matter,

1267
01:25:17.039 --> 01:25:20.680
That doesn't make sense. It does
not make sense at all and shows

1268
01:25:20.680 --> 01:25:25.159
that you know, it's probably that
flight to quality. Yeah, I think

1269
01:25:25.199 --> 01:25:28.560
so, and it's you know,
when fear kicks up, they don't want

1270
01:25:28.600 --> 01:25:31.520
to be in some of these names
that probably move more but don't have as

1271
01:25:31.600 --> 01:25:35.840
much hype around them. My first
thought was, well, was that maybe

1272
01:25:35.840 --> 01:25:39.680
Apple played a big part of that, because I think Apple was probably up

1273
01:25:39.720 --> 01:25:44.119
what four or five on the week, But Apple's in every index, So

1274
01:25:44.439 --> 01:25:48.359
what an Apple doing it? The
doal hammered and of course to the Dow

1275
01:25:48.520 --> 01:25:54.039
has thirty stocks, two of which
are Boing an Intel, who are battling

1276
01:25:54.079 --> 01:25:56.800
each other to see who can go
out of business first. You know,

1277
01:25:56.880 --> 01:26:00.039
I mean facetious obviously, but boy, those two companies are just we said

1278
01:26:00.039 --> 01:26:04.760
in the first hour, they're really
struggling. Speaking of struggling, Pfizer down

1279
01:26:04.840 --> 01:26:10.920
thirty two percent in the last twelve
months to an eleven year low because thankfully

1280
01:26:10.960 --> 01:26:13.920
COVID is fading. I mean,
I think we are all cheering for that,

1281
01:26:13.960 --> 01:26:15.359
except Pfizer. I don't know.
We're talking about this a little bit.

1282
01:26:16.119 --> 01:26:23.720
Heard aquis one of the most bought
drugs out there right now. Okay,

1283
01:26:23.960 --> 01:26:29.000
why isn't it reacting in the same
way that you know are it makes

1284
01:26:29.039 --> 01:26:30.920
no sense and it's just what weight
loss drugs? Well, no, no,

1285
01:26:30.960 --> 01:26:35.239
are. So the reason the conversation
came up is that the issue with

1286
01:26:35.399 --> 01:26:44.000
valuing healthcare stocks is understanding really the
potential value that can come about it.

1287
01:26:44.079 --> 01:26:46.760
Right. So what we're talking about
with what we're seeing right now with weight

1288
01:26:46.760 --> 01:26:51.199
loss drugs is very akin to what
we saw with the COVID vaccine, right

1289
01:26:51.359 --> 01:26:57.199
causing these stocks just to blow out
into new returns, into new price levels

1290
01:26:57.239 --> 01:27:00.279
we haven't seen in a very long
time, if ever, because that are

1291
01:27:00.319 --> 01:27:03.119
similar because of the projection of growth
very soon. Right. Well, when

1292
01:27:03.159 --> 01:27:08.760
you look at an eloquist which is
this, I've seen the commercials and it's

1293
01:27:08.760 --> 01:27:14.159
one of the most bought drugs that
Pfizer makes, and how many how many

1294
01:27:14.159 --> 01:27:17.039
people are on right? A lot? So when you think of just like

1295
01:27:17.199 --> 01:27:23.800
why isn't that a huge deal in
the news and causing these huge price valuations

1296
01:27:23.800 --> 01:27:30.399
in the future, and like weight
no, is that feeling that you that

1297
01:27:30.399 --> 01:27:34.720
there's an unlimited market. But isn't
there an unlimited market? Isn't there an

1298
01:27:34.800 --> 01:27:39.319
unlimited market for blood thinners? No, No, blood clinner you have to

1299
01:27:39.319 --> 01:27:42.039
be old and have heart problems,
right, I mean most of it.

1300
01:27:42.800 --> 01:27:45.600
Nobody under forty is going to be
taken blood cinners, but everybody but everybody

1301
01:27:45.600 --> 01:27:50.039
at a forty could be taken ozempic
under and over forty. It's kind of

1302
01:27:50.039 --> 01:27:55.079
like that drug that I can't remember
the company that came out with it last

1303
01:27:55.079 --> 01:28:00.319
week, but it was a huge
advancement in the treatment of an extremely rare

1304
01:28:00.840 --> 01:28:04.760
lung disease. I'm thinking, you
know, if you're one of those people

1305
01:28:05.119 --> 01:28:11.920
that has this extremely rare quote unquote
disease, it's wonderful. But for the

1306
01:28:11.960 --> 01:28:15.239
company, does it really matter?
Well? And that's exactly it because with

1307
01:28:15.279 --> 01:28:20.520
this Eloquist. So the reason also
we were talking about this is Eloquist.

1308
01:28:20.680 --> 01:28:24.680
How many people are out there,
you know, we're hearing all this talk

1309
01:28:24.720 --> 01:28:29.279
about this weight loss drug and all
the generics that are coming out. How

1310
01:28:29.279 --> 01:28:31.640
many generics are for the for the
blood center. Yeah, the blood center

1311
01:28:31.720 --> 01:28:38.199
market is dramatically smaller than exactly exactly, which is why it's so much more

1312
01:28:38.279 --> 01:28:42.560
valuable for these generic companies to come
into play and to compete with totally totally

1313
01:28:42.560 --> 01:28:45.239
if you're saying that, and of
course the the other side that thing one

1314
01:28:45.319 --> 01:28:49.600
you you always have to think about
is if you come up with a cure

1315
01:28:49.680 --> 01:28:56.000
for cancer and you're a Merk or
Pfizer or Bristol, it's going to matter.

1316
01:28:56.039 --> 01:29:00.960
But how much you know these are
gigantic ships. You know, no

1317
01:29:00.960 --> 01:29:03.399
matter what you do to any part
of this ship, is it really going

1318
01:29:03.479 --> 01:29:09.920
to make a gigantic difference. Now, it took COVID for Pfizer to go

1319
01:29:10.079 --> 01:29:15.560
up about about sixty percent. Probably
it took COVID, and that's right back

1320
01:29:15.560 --> 01:29:17.760
where it started. What was interesting
is the stock did tick up. I

1321
01:29:17.960 --> 01:29:21.560
saw that stock did tick up on
Tuesday, and Todd, this kind of

1322
01:29:21.560 --> 01:29:27.279
plays into what you were saying with
Pfizer was up on Tuesday after they said

1323
01:29:27.319 --> 01:29:33.920
their RSV vaccine showed promise in protecting
older adults from a disease that no one

1324
01:29:33.920 --> 01:29:38.560
has heard of until a year ago. You know, I mean, I

1325
01:29:38.840 --> 01:29:43.199
don't know about you. I'm not
that concerned about my RSV situation. I

1326
01:29:43.239 --> 01:29:45.479
mean, I don't even know what
it is. I don't even know what

1327
01:29:45.520 --> 01:29:48.079
it's supposed to do. I know
that it's a problem for children. I

1328
01:29:48.119 --> 01:29:50.920
just love how Also it's like it's
you know, there's RSV vaccine has been

1329
01:29:50.920 --> 01:29:54.399
out for a while and then they
just come out with this effective study.

1330
01:29:54.439 --> 01:29:58.840
It's like you just came out with
it. Yeah, so just now we

1331
01:29:58.920 --> 01:30:00.920
know that it works. Part of
the marketing, right, so all before

1332
01:30:00.960 --> 01:30:04.560
that we didn't know the marketing.
And you hear you hear Eli Lilly of

1333
01:30:04.600 --> 01:30:11.039
course had his mon Garro and and
and mcgovie and uh and Trillicity sales are

1334
01:30:11.079 --> 01:30:14.600
falling well yeah, because they've been
replaced. You know, just literally it

1335
01:30:14.600 --> 01:30:17.840
was down today because they're big drug
to trulliicities losing sales. Well, they're

1336
01:30:17.880 --> 01:30:23.439
losing sales to their other drug.
Okay, hello, you know it really

1337
01:30:23.520 --> 01:30:27.960
is. Another company that I thought
had an interesting price week was Snowflake,

1338
01:30:28.079 --> 01:30:33.840
up on the week about three percent. Snowflake is they're not a chip,

1339
01:30:33.840 --> 01:30:39.920
They're like a cyber security company.
Yeah, along those lines is a cloud.

1340
01:30:40.079 --> 01:30:43.479
The only reason I knew a lot
about them was Warren Buffet started position

1341
01:30:43.560 --> 01:30:46.119
when they iPod, one of the
first positions he's ever done in an Ipo

1342
01:30:46.840 --> 01:30:51.119
had a terrible couple of weeks a
few months ago. It was down eighteen

1343
01:30:51.119 --> 01:30:55.199
percent one week, and then right
after that down thirteen percent. It was

1344
01:30:55.279 --> 01:30:58.800
up at two thirty outs down to
one fifty eight has built a nice base

1345
01:30:58.840 --> 01:31:01.680
here at the bottom of a of
a FIBONACI channel, so interesting place to

1346
01:31:01.720 --> 01:31:04.840
look. And you know, with
technology leading the way in this rally,

1347
01:31:04.840 --> 01:31:09.479
if this is an opportunity to buy, I like Snowflake, they're trying to

1348
01:31:09.520 --> 01:31:13.479
warn you, Todd. The name
is Snowflake. For goodness sakes. That's

1349
01:31:13.520 --> 01:31:15.520
like back in the day Oakley Sunglasses
who went out of business, right their

1350
01:31:15.560 --> 01:31:19.680
symbol was, oh hello, I
mean they're trying to warn you. Well,

1351
01:31:19.720 --> 01:31:24.119
the stock iPod at two forty just
for ideas and it's not well,

1352
01:31:24.119 --> 01:31:27.520
no was it was? It was
red hot. Let me finish my thought

1353
01:31:27.520 --> 01:31:30.640
on Pizer and I kind of it's
not your fault. I kind of digressed

1354
01:31:30.640 --> 01:31:35.800
a little bit stock Pfizer stock right
now, boring Pfizer stock. And then

1355
01:31:35.800 --> 01:31:40.479
when it spike up into the fifties, we sat on this radio show sell

1356
01:31:41.079 --> 01:31:46.479
mid fifties, sell low fifties,
sell get out. We got everybody out

1357
01:31:47.079 --> 01:31:51.920
because we didn't believe it would hold, because we thought COVID would wane and

1358
01:31:51.960 --> 01:31:57.359
that would be the end of the
COVID vaccine, which boosted it up sixty

1359
01:31:57.359 --> 01:31:59.760
percent. Guess what, hello,
it worked. You know, had better

1360
01:31:59.840 --> 01:32:01.079
luck it in his par right now, every now and then a ground,

1361
01:32:01.560 --> 01:32:05.039
Every now and then a blind hog
finds an acorn, right, Okay,

1362
01:32:06.479 --> 01:32:11.439
it's always. Let me rephrase that
for you. Every now and then a

1363
01:32:11.479 --> 01:32:14.880
blind squirrel finds a nut, or
a blind hog finds nick. I know,

1364
01:32:14.920 --> 01:32:16.520
but a nut just it's more fun
from something. It adds. It

1365
01:32:16.560 --> 01:32:19.319
adds to the funnies. I'm trying
to help you out here. You get

1366
01:32:19.399 --> 01:32:27.640
more. Just think about nut twelve
times earnings for Pfizer Sebastian twelve times earnings,

1367
01:32:27.640 --> 01:32:32.279
six point two percent, dividend,
five star rating from morning Star,

1368
01:32:33.279 --> 01:32:38.840
and a strong buy from our analytics. There you go. I mean,

1369
01:32:38.880 --> 01:32:42.199
if you saw something like that and
it wasn't Pfizer, you say, man,

1370
01:32:42.239 --> 01:32:45.640
I gotta get a bunch of this
right anyway. I don't know what

1371
01:32:45.680 --> 01:32:47.640
the catalyst will be for upside movement, but if it just sits here,

1372
01:32:47.800 --> 01:32:51.359
six point two is not bad.
Now, that is not a good dividend.

1373
01:32:51.520 --> 01:32:55.479
Is a good dividend, and it's
secure, it's covered by earnings,

1374
01:32:55.520 --> 01:32:59.600
and and even though the earnership dropped
off dramatically, the dividend is easily carved.

1375
01:32:59.600 --> 01:33:01.920
So somebody who wants a dividend play, and you know, who knows,

1376
01:33:01.960 --> 01:33:05.760
maybe they'll find some other thing that's
like like the COVID vaccine the way

1377
01:33:05.760 --> 01:33:10.479
they go, but even if they
don't, six point two is pretty pretty

1378
01:33:10.479 --> 01:33:15.239
good yield. We've also been buying
a PFF, which is a ETF that's

1379
01:33:15.319 --> 01:33:19.439
preferred stocks, and we were selling
that with both hands two years ago,

1380
01:33:20.199 --> 01:33:27.560
concerned about interest rates rising. But
now interest rates have normalized gotten back to

1381
01:33:27.960 --> 01:33:30.239
what they should be, and so
a preferred stock with a six and a

1382
01:33:30.279 --> 01:33:34.600
half percent dividend pretty darn good,
pretty darn attractive play, we think,

1383
01:33:34.880 --> 01:33:40.079
so PFF Paul Frank Frank is something
that we're adding to most of our accounts,

1384
01:33:40.119 --> 01:33:43.920
and well, those are those who
don't know. Preferred stock is a

1385
01:33:43.960 --> 01:33:48.359
little different than common stock totally.
The only real difference is preferred stock is

1386
01:33:48.399 --> 01:33:54.399
a little bit up on the bankruptcy
list. If a company goes bankrupt,

1387
01:33:54.439 --> 01:33:58.079
a preferred stock gets paid out before
common stock gets paid out, and they

1388
01:33:58.119 --> 01:34:01.439
normally get a little bit higher than
it dividend, right, yep, first,

1389
01:34:01.880 --> 01:34:05.760
absolutely, no, Absolutely, Preferred
stocks are kind of a quasi bond,

1390
01:34:05.840 --> 01:34:09.720
if you will. It's kind of
halfway between a common stock and a

1391
01:34:09.760 --> 01:34:15.439
bond, and preferred stocks, you
don't want to own them. They have

1392
01:34:15.479 --> 01:34:19.079
a fixed rate of interest, it
doesn't change, dividend doesn't change, So

1393
01:34:19.159 --> 01:34:21.960
whatever their pain is what they're paying. So when interest rates, when you

1394
01:34:23.000 --> 01:34:27.079
expect interest rates to decline, you
want to buy them, kind of like

1395
01:34:27.079 --> 01:34:30.119
a long term bond, and when
interest rates are rising, you want to

1396
01:34:30.119 --> 01:34:34.279
be out of them, kind of
like a long term bond. In March

1397
01:34:34.279 --> 01:34:39.039
of twenty one, we were getting
out of everything long term, went into

1398
01:34:39.439 --> 01:34:43.319
individual short term bonds, and the
preferreds all were victims of that. The

1399
01:34:43.359 --> 01:34:48.439
preferreds were all sliced and diced and
gotten rid of and over the next year

1400
01:34:48.439 --> 01:34:51.520
and a half, it really was
a wonderful thing. And now it's run

1401
01:34:51.520 --> 01:34:57.039
this course and we think it's time
to be lengthening maturity on your bonds,

1402
01:34:57.319 --> 01:35:00.279
and we've been adding TLT, which
is the twenty years, and we think

1403
01:35:00.560 --> 01:35:04.039
preferred stocks are probably a nice way
to go, especially if you can get

1404
01:35:04.039 --> 01:35:09.800
a six point two percent dividend that
there is no reason to believe that dividend

1405
01:35:09.880 --> 01:35:16.079
is not secure. It's a an
ETF that has a plethora of preferred stocks.

1406
01:35:16.279 --> 01:35:18.520
Well, we're coming out to the
end of the show. First dock

1407
01:35:18.640 --> 01:35:23.119
MUTUALLL find you got something else?
Well, it's It's Master's Sunday. It

1408
01:35:23.199 --> 01:35:27.279
is Master Sunday, so you know, it's one of the one of the

1409
01:35:27.279 --> 01:35:30.239
best Sundays of the year, other
than like the US Open Sunday, which

1410
01:35:30.239 --> 01:35:33.600
falls on Father's Day. That's always
great. But hey, augusta national sit

1411
01:35:33.680 --> 01:35:39.079
back watch Amen corner. There's nothing
better. It's go Scotti, Scotty going

1412
01:35:39.159 --> 01:35:42.680
back to back. Hopefully Tiger made
the cut. Maybe Ricky gets into the

1413
01:35:42.680 --> 01:35:45.039
play of things. Always love seeing
there's a problem, Scotty Scheffer's life is

1414
01:35:45.079 --> 01:35:48.720
about to pop. Oh oh,
and she if she does, he's leaving,

1415
01:35:48.760 --> 01:35:53.319
he said. So anyway, we
want to be happy. We all

1416
01:35:53.359 --> 01:35:57.840
want to be healthy. But here
at Greenberg Financial Worth striving to be profitable.

1417
01:35:58.319 --> 01:35:59.079
See you next week.