Transcript
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Good morning everybody. This is that
time once again, Sunday morning, eight
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o'clock right here, seven ninety kNs
T. It's the Money mat Of Show
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with Dean Greenberg and the people from
Greenberg Financial Group. We're going to bring
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you two hours of a lot of
fun talk, some serious talk, and
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a lot of market information. We've
been doing it for a long time,
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as you know. We started the
show. I started the show in nineteen
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ninety. We've had a lot of
people on since then, and we've had
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a lot of ups and downs in
the markets, but we keep going forward.
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And I think the idea behind that
is because the end of the day,
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we're not just financial advisors and able
to put it all together, but
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we actually manage the money, which
keeps us interested in what really is going
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on, because it's very important to
know what's going on, not only not
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only nationally but globally and what affects
what and make sure that you know you
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can be in the portfolios that help
you the best managed the money and the
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allocations. Because it's a crazy week. Not sure where I want to start
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this week. Do we start with
the markets or do we start with the
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politics. But I'm gonna start with
the markets. Now, I'm gonna finish
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with a little political stuff I do
on on this twenty four minute little rant.
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I guess I do, because there's
a lot of stuff that I see
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that affects us. Well. The
markets started down the week a bit and
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in the month of April down one
point three percent, down four point two
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percent. I'm sorry. Well,
we bounced back for the rest of the
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week and we ended up half a
point, which means even we're at one
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point eight percent so far for the
month. So for the week we came
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back, we had a good rally. We had the FED meeting. You
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know, it first started off with
the Fed. Everyone loved what he had
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to say. When he says there's
no way the next move basically is up.
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But when he when he didn't come
through and say yes, we're definitely
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gonna cut interest rates, the markets
turned the one the other way. Then
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the next day we come into the
markets went up because they really don't really
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we can deal with what we got. Now. What we can't deal with
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is a great hike, and that
could happen if we don't get a handle
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on this inflation. I don't see
it happening right away. But as you
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know, this entire year, I
kept telling you they're not gonna lower interest
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rates at least to the fourth quarter, because if you lower interest rates,
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it's gonna bring back inflation quickly,
and then he's gonna have to reverse and
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start thinking about raising rates again.
We don't want to see high inflation.
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We want to see low inflation.
But wages must come down, and that
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was what the report kind of showed
us a little bit on Friday, the
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UH and we had less We had
only one hundred and seventy five thousand instead
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of two hundred and summer thousand workers, which basically tells us there is a
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slowing going down. We all know
one of the reasons unemployment so low is
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there's a lot of illegal aliens getting
jobs because people need to fill these jobs
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with people that actually want to work. A lot of people don't put themselves
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into the workforce. But that's going
to change, and you're probably going to
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see with the automation of AI over
the years, you're going to see a
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lot more companies being able to be
very efficient without labor that can call it
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sick, that can complain, that
can go on strike, that want to
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unionize, all the things that create
more regulations for companies to spend money on
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rather than production. But if we
can get that, we can get that
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under control. The nice thing is
prices have be coming down because the biggest
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thing we have right now is wages. Wages continue to rise those you don't
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want to come back down. And
then when you get a labor market with
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a supply of people, wages aren't
going high because people want The people that
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want to work are going to work
for the money they can get, especially
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if we cut them off. If
you're able bodied, you need to work.
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You can't sit years since the pandemic, pandemic and that work. And
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I know a lot of people have
these internet jobs and you know, and
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selling reselling jobs and all these other
things, and some of them making great
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money, a lot of it.
The bottom line is prices are high,
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debt is high, Our country is
in a disarray, and our the globe
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situation is like a case of dynamite. That's what scares people to really step
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up and get invested. And it's
really interesting to contrast for when Trump got
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elected the first time and he cut
regulations, he increased production of energy,
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he had the economy running going forward, and guess what, people had a
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different attitude towards work. They started
investing again towards the future. This whole
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situation when Biden in the short three
years is absolutely destroyed so much mentally,
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people don't want to work, people
think they deserve more. Were in wars.
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We got an open border, we
got high inflation, People can't afford
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things, and they put mandates like
on EV vehicles, saying everyone's going to
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have to have an EV vehicle.
We got to get away from fossil fuel,
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walk cutting pipelines, just a complete
opposite. The contrast right now between
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the both parties, both presidents is
immense and we're not even into foreign policy
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yet, and nobody better forget the
media talking crazy that Trump was going to
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start World War three and then we
need somebody in the White House that will
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bring us calm. And I have
these conversations with people and they forget that
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that's the case. Trump got is
out of wars. Trump put peace in
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the Middle East, not a war. Trump had Iran, North Korea,
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China and Russia all in conversations,
not war. It was the media that
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kept talking about all that stuff,
and that puts us in the position we
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are today that we are having to
give out money to help Ukraine and the
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Middle East while we are struggling in
the United States with all the people coming
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across the border that we have to
keep paying for and taxes are gonna go
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up, and Biden stays in just
from the sunset clause from the Trump tax
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break, and everyone's saying, oh, that was just for the rich people.
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No, it's not. The person
making or household making about two hundred
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and fifty grand is probably gonna have
to pay seventy five hundred dollars more in
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taxes. The taxes are the biggest
thing that we are looking at right now,
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and that's why we're doing a lot
of roth conversions when they're available,
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and the right thing for people pay
the taxes before taxes have the opportunity to
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go up, and then that money
will never be able to be taxed again
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by the government. It's pretty nice
feeling, especially if you got five,
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ten, fifteen, twenty years to
go forward. Who knows where the good
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taxes are going to be. The
rhetoric that drives me crazy is when they
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start talking about how the Republicans will
take away your Social Security. I wish
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if somebody will just step up and
be honest to the American public. Social
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Security is not being taken away from
the people. That again, social Security,
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it's not even going to be taken
away from the people for the next
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five to ten fifteen years probably,
But social Security eventually has to dry up
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and will not be able to do
anything except tax more people to pay for
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more people. And no one's gonna
want that. But do we need a
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twenty five thirty fifty year plan from
a four or eight year president. Absolutely
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we need that. We need to
plan out. The problem is the politicians
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we have will not ever take on
the fact that they're going to do something
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for twenty thirty forty years from now. That's the right thing for America.
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When social Security came into play,
it was to help us get out of
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a short term jam. It was
never intended to be a lifetime way of
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survival. But it has. And
everyone that pays instill wants to get paid
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out if they can. But if
you think about a Ponzi scheme, that's
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a Ponzi scheme. There's no money
there. It always comes in from the
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taxes. The government p said that
the checks, and there's IOUs they have
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borrowed so much money against that Social
Security benefits plan. What we need to
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do is come up with a plan
that eases off the people, maybe from
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twenty years plus people that are not
even born, so by the time there
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come to retirement age, they have
a messed enough money that they will get
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more money than Social Security is able
to pay, and it'll be their money,
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and we create wealth in America.
Stop taking our money and giving it
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to everyone in the in the world. Start taking our money and give it
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to every illegal alien that's coming across
the border that's living better than some of
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our people in our inner cities.
They're being better educated, they're being fed
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better, they're being housed better.
That's the stuff that needs to stop.
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But of course it's very difficult for
that to stop because look what is going
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on today. The minority again has
taken over. The agitators are taking over
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these college campuses. And if you
can't see what common sense that they do
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this on every single subject that they
think they can go against America, then
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you're not seeing what's going on.
Every single subject, everything that comes up
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that they can bring in and go
against America they're doing. I am ashamed
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of Biden talking about anti Semitism and
in the same token right now talking about
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islamphobia and Palestinian We have to be
good too, of course we do.
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That shouldn't even be the subject right
now. The subject right now is we
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do not accept what's going on on
our college campuses. We do not accept
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people say in death to America.
Do not accept people saying death to Israel.
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We do not accept them violently taking
over classrooms, buildings. We do
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not accept them taking our flag and
putting their flag up. I've kept my
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mouth kind of shut for a little
bit pretty much, which is hard.
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But I am telling you right now, I will not sit back and listen
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and watch what's going on if I
think anybody in the room that I'm with
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has an inch an inch of passion
for a mass and the people that are
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supporting Hamas and the people that are
protesting against the Jews and talking about death
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to Israel. What is Israel and
the Jews ever done to these people.
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They don't go around putting gangs together
and killing people. They don't go invading
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countries, they don't go put in
their flag everywhere. They don't intervene with
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everyone else's country. All they are
is on the defense. This is the
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first time because they got attacked,
their people were killed, that they decided
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I'm defending myself. We tried,
we tried. Israel says in early two
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thousands to have two states, and
what do they do. They voted in
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the Hamas to be the government.
And look what happened fifteen years sixteen years
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later. What happened. Fool me
once, that's fine, don't fool me
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twice. And I'm not gonna let
you do it. Everyone's a saying genocide,
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genocide. Why don't you really look
at what's going on and understand with
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common sense that nobody wants to kill
civilians, nobody wants to hurt the Palestinians.
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There's a lot of great Palestinian people, but the ones that can't get
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away from the terrorists, and the
terrorists are using them as shields to attack
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the Jews. It's gonna happen.
But you know what's unbelievable, Why isn't
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anybody protesting against Russia. They're killing
Ukrainian civilians. Why isn't there one rally
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against Russia? Why is there one
protests against Russia invading Ukraine? As we
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give so many billions of dollars to
Ukraine. My money, your money going
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to Ukraine. But nobody wants to
protest against Russia. But boy, they
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all want to go against the Jews. What have the Jews ever done to
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you? And what is an Israeli
Jew have to do with an American Jew
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on our soil, born, raised
and lives here. Why are you taking
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it out on Jews here when you're
mad at Israel for doing the way they
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are. You can have an opinion, but you're not taking down my American
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flag. I'll tell you that right
now. When you take down my American
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flag and you plant your Palestinian flag, you're telling me were at war.
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You're telling me you have conquered that
space, that place that I go to
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school, play, I live,
whatever it is, that building. And
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we need to fight back. We
need a president that's going to fight back,
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and we know who that is right
now. You know, Trump has
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a lot of bad things, and
I've criticized them up and down, But
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the one thing he is not going
to do. He's not going to sit
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back and allow America to go down
the tubes. It's all starting the other
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thing, which would be really cool
to find out not cool, but really
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interesting to find out how many of
these people that are not college students on
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that campus or illegal aliens that have
come across the border. I like to
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know that, and I would send
there butts back. You don't want my
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flag up, you want your go
to Palestine, Go go defend them,
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Go fight for him. Don't hurt
my people. Don't think you're taking over
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America. It's time that we all
raise up and say no. Think about
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this. Okay, everyone's talking talking
about we're killing civilians. Well, what
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happens if somebody comes to attack your
family and they bring a child and put
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them in front of themselves while they're
holding a gun at you. Are you
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gonna say, oh, I can't
shoot at you because you have a child
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sitting in front of you, Or
and then let him kill you. Hell
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no, You're gonna feel bad.
It's gonna ruin your life. But you're
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not gonna let my You're not gonna
let your family. I don't think you
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will. I won't let my family
go down because they're using a child as
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a shield. And that's what's happening
in Israel, in Palestine, in Gaza.
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There's been two times Israel said well, look for a cease fire.
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Why has the media not asked Hamas, don't you want to have a cease
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fire? They don't have the hostages. How many hostages are left? They
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don't want us to find out.
That isn't even a conversation. Why aren't
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we protesting free the hostages. I
don't see Israel having hostages of civilians.
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They might have war criminals, but
they don't have civilians. They have a
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monster. The terrorist group has civilians, men, older, younger, women,
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children, older, younger. That's
what they have, if they're still
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alive. My assumption is most of
the moment, and where's going to be
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the outrage there? Why aren't they
chanting free the hostages and then get to
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cease fire? Why they continually talk
about how Israel, who's defending their lives
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their families, that they're the bad
people. They didn't attack anyone, They
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were brutally attacked. Their families were
brutally killed, their women were brutally raped,
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and now because they're successfully doing what
they need to do, it's too
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much. Well, you know,
what where were we? Where were you
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when we took over Iraq after they
blew up World trade centers? Okay,
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we were all for that. Let's
go get them. And I don't blame
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us because somebody did it and somebody's
going to pay. And that's where Israel
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is. And I'll tell you right
now, these are not peaceful protests.
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These or organize protests with agitators that
stir up the crowd, with people that
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are idiots that don't even know why
the protesting, but they think it's cool
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to go against America. They think
it's cool. What are we teaching in
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school? What happened when we stood
up every morning with our hands on our
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hearts and a pledge allegiance to America. We're a lot tougher back then.
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I have no problems having diversity in
America, but that diversity does not give
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you the ability, if you're not
an American, to go ahead and go
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against America and protest and break things
and do things and hurt people. If
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this was reversed and these protests were
against any other religion or race, the
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media would be all over it.
They would want to shut down hate crimes,
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hate crimes, hate crimes. You
tell me the difference between a white
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sheet on somebody and a green bandanna
on another. The boat disgusting. But
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yet one America's shuns and the other
one we allow to protest supposedly peacefully,
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and it ain't peacefully. Think about
that they're not dressed like college students.
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We should round them up, put
them in a plane and air drop them
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right in the Gaza strip. Go
defend, go live. These women have
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no idea the lives that they're able
to have here compared to their But yet
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they want to plant the Palestinian flag
and chant death to America. I am
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so happy some people have risen up
and said, you're not doing that in
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my backyard. We got to keep
doing it. And if I hear one
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person complain about the police helping out
America and the students and the Jews,
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I will go through the ceiling.
They are doing their job because the college
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administration is not doing their jobs.
One last thought, look at these agitators.
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We've come known them more and more
and more about them. Go back
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to January sixth. Think about how
many agitators were in that crowd, and
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think about the adrenaline that was flowing
through everybody. And these are manipulated people
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that know what to do. To
this day, I believe they were planted
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there as agitators to create such a
problem and get them to destroy things that
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they need to do. Now,
obviously the people that did it, they
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got to take accountability for themselves.
You destroy someone, you kill someone,
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you do things that are illegal,
that's still on you no matter how Monsie
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adrenaline is going. But agitate is
were able to get you going, And
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it's no different. And I was
talking to my son about this after football
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practice last night. We could sit
there with our guys, started calm and
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all by the time we're done with
a speech in the locker room or whatever
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we want to do, they will
run through a brick wall. For us.
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We can motivate them. And that's
exactly what goes on right now in
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these college campuses. It's exactly what
went on on January sixth. It's people
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that know how to motivate other people
to do things that are bad or good.
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But in this case, the left
always seems to be doing things that
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are bad. And hopefully we can
get over this and move forward, because
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I'll tell you right now, all
this fraction is gonna hurt the markets,
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and that's what we'll talk about for
the rest of the show. We'll be
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back. Thank you for listening.
This is Dean Greenberg and this is the
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Money Many Show. Welcome back everybody. It's the Money Matter Show. This
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is Dean Greenberg. We got Sebastian, Dylan and Todd here today to talk
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about the markets and the influences and
the good and the bad of the week.
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The big news was the Fed Powell
coming out and basically saying, you
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know what, I do not believe
the next move is going to be up,
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but I don't expect to be lowering
interest rates too soon. Right.
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It's exactly what he said, Dylan, do you want to take us through
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what we saw throughout the week?
And we also had the monthly end close.
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Yeah, for the month end of
April, and and it was a
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down one as we all know,
it was down five percent for the Dow.
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The SMP five hundred was down four
point two percent, the Nasdaq was
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down four point four percent, Russell
two thousand was down six point eight and
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the RSP was down four point eight
And then for the first part of May,
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we had about three days of trading. The that was up one point
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one percent, the SMP five hundred
was up at half a percent, the
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NASDAK was up one point four percent, Russell two thousand was up one point
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eight and the RSP was up point
two percent, So we saw I mean
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a lot of the reason why the
S and P five hundred was up more
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than double the RSP, which is
the equal way to SMP five hundred,
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was because of tech. You had
Apple that just they beat earnings, but
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they also had sales drop, but
everybody loved that they're having one hundred and
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ten billion dollars stock buyback, which
is their largest ever, So it went
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up six percent on Friday alone.
Yeah. We'll talk a little more about
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how stock buybacks actually lead to a
higher stock price later in the show,
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but Apple was really the reason that
we kind of saw the reversal as well
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as on Friday. The labor report
Friday morning was weaker than expected, so
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that led to stocks really getting a
bid because interest rates were edging lower on
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Friday morning. And the only reason
we finished the week higher this week was
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because of a big rally on Friday. I think we finished up one point
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three percent literally on Friday alone for
the S and P, so a huge,
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a really big rally coming off of
that labor report. Yeah, what's
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interesting though, Friday, the market
opened up exactly pretty much where it ended.
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It never really got going much more, pulled back a little bit,
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came back, you know again when
the trading range. I've been saying,
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when we've been in the trading range, we could go a little bit higher
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here. There's got to be other
good news. I think the good news,
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Dean, is that we bounced off
the bottom of the training range,
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which is what we needed, right. You don't want it to not bounce
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off of it. So now we
have to see does it bounce off the
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00:26:41.480 --> 00:26:45.000
ceiling, right? And that's kind
of the next part of here. But
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it does seem like stocks just want
to go higher. Well, we got
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out of about fifty ninety five to
fifty one hundred, so we broke through
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that. That will be support.
If we go ahead and go through that
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support, then you know, I
still think that five thousand's going to hold
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there for a while. I don't
see it's too much more here, maybe
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one to two percent, because then
everyone's gonna look at each other, who
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say, who's gonna take this higher? Right? I mean someone that I
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mean, like you said, what
we had with before these last two weeks
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of gains three straight weeks of losses. The video got hit hard. All
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these big tech stocks that were flying
for it seemed like they would never stop
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all of a sudden got hit hard. And people finally experience what holding the
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00:27:22.960 --> 00:27:26.839
bag feels like, right, And
that's meaning you're buying at privately the top
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prices and then you're just seeing it
go lower and that's hard for some people.
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00:27:30.240 --> 00:27:33.960
And so, yeah, are people
kind of more timid on this next
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run trying to make a new all
time high. Well, they made a
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00:27:36.799 --> 00:27:40.680
big mistake because Meta got hit.
Okay, it got went down pretty big,
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00:27:40.720 --> 00:27:42.240
like eighty points, right, So
they start us selling off the other
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00:27:42.279 --> 00:27:48.359
stuff. Anyone that has experiences knows
that's not going to be the case the
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whole time. And then the money
flowed back in the video because they're like,
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wait a second, this thing is
down to two hundred points. They
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are going to have earnings. They
all going to still be good for the
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next year, you and a half
two years. I'm not coming. I'm
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gonna go back in and buy in
the video. Apple. You know,
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usually Apple runs into the earnings and
then falls. Apple has been down all
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year. Yeah, and so then
they come up with the surprise that they
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need. It was really the issue
with China that's been dragging Apple down one
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of the worst Dow performers as well. I mean, what we saw as
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well with Apple's report is that China
wasn't as bad as kind of what was
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maybe feared this quarter around. But
also the supercycle is the most I think
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with the AI. So what they're
saying is that everyone's gonna have to pretty
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much trade in their iPhone and get
a new one with AI compatible iPhones.
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And we experienced some cool things we'll
talk about later on the show what AI
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can do, and that's really a
huge profit margin generator as well as this
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stock buy back. Yeah, exactly, it is, and that's what is
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going to continue to write these tech
stocks. I mean, Facebook or Meta
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came out and said that they bought
thirty billion dollars worth of in video chips,
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and companies are gonna continue to buy
those in video chips as long as
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in video is still making the best
ones out there and they're not showing any
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signs of slowing down at being the
top dog. So that's why in video
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is also getting a huge bid too. It was interesting everybody kept talking about
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AMD a m D A m D. I was just about to bring him
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up. They just got what he
did. Sorry, Dangle, let him
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00:29:18.000 --> 00:29:22.240
talk. Go ahead, I'll let
you talk. Well, chip Maker fell
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nine and a half percents. Issued
inline guidance for sales in the second quarter,
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forecasting about five point seven billion dollars
in the current quarter or six percent
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00:29:29.279 --> 00:29:33.319
annual growth. Again, just got
destroyed nine point five percent. I don't
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so did they be earnings? Well, it was already down even before that,
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right, okay, so well,
obviously somebody probably knew the earnings weren't
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going to be great, or they
were staying away from it. But that
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was the big talk. And no, Vidy's doing great, AMD is gonna
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00:29:45.039 --> 00:29:48.720
get close. And Intel, well, Intel's gotten destroyed. AMD's gotten destroyed.
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While the video came down. But
now everyone's point putting the money back.
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What about super Micro? You know
another one that definitely came down.
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I'm not sure how it's been trading
as of late, but it reported as
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well a little bit, but it's
done a couple hundred fumi where it was
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00:30:02.200 --> 00:30:03.680
from the high, but which about
twenty percent? And what you're seeing,
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I mean, what Meta has,
what Amazon has, what Apple has?
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Is a huge profit potential with AI, Meta with WhatsApp, Amazon with just
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00:30:15.799 --> 00:30:19.400
everything they could be doing with their
Amazon Web services, how AI helps that,
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00:30:19.640 --> 00:30:23.880
but also with just you know,
recommending things to buy on their Amazon
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site, as well as with AI
with Apple's iPhone. So all these three
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00:30:29.119 --> 00:30:32.240
things are these three companies are really
going to benefit on AI. But it's
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down the road and they all reported
saying they're spending a lot of money on
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this right now. So how close
does that monetization comes? That's what matters.
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Let's talk a little bit like since
one of the things that separates us
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apart is how we actually manage money. Mm hmm. You know, if
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you've been listening to our show,
you know that we've had the inverse fund
359
00:30:52.200 --> 00:30:56.720
inverse trade on We were in the
opposite of the SD of the S and
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00:30:56.720 --> 00:31:00.440
P five hundred, which means if
the S and P five and it went
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00:31:00.480 --> 00:31:03.119
down, that actually went up.
We're hedging the accounts, mitigating risk.
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00:31:03.240 --> 00:31:07.519
We talk about that all the time. So when we came down from the
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highs all the way down to five
thousand, just under it, we made
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00:31:10.680 --> 00:31:14.480
the decision to sell that and that's
that would turned out to be a good
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00:31:14.480 --> 00:31:18.039
move a couple one hundred s and
p points ago four five percent ago,
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00:31:18.599 --> 00:31:22.440
and now it's moving higher. We're
not gonna sit here and go, hey,
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00:31:22.440 --> 00:31:25.400
that was a great move. Nothing
happens. I do believe we'll have
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00:31:25.440 --> 00:31:26.839
another pullback at some time, but
I think it's gonna be later on.
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00:31:27.359 --> 00:31:30.240
I uh uh, you know,
it's a serious one, but I think
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00:31:30.279 --> 00:31:34.039
it's gonna be higher. I think
we we're gonna run into into the end
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of June again, uh, and
that we'll probably put a high end somewhere
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around there. And the reason being
is is then everyone's gonna wait and see
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what's gonna happen with the election.
So you know, we get calls sometimes
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when are you gonna when you're gonna
mitigate risk again? What are you looking
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00:31:48.400 --> 00:31:51.279
for? This is what we're looking
for. We could go up and make
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00:31:51.319 --> 00:31:55.319
a new high possibly, or we
could just flounder around here between the you
377
00:31:55.359 --> 00:31:59.079
know, fifty one hundred and fifty
three hundred level, which would put us
378
00:31:59.079 --> 00:32:00.640
at a new high if we go
up that high. And that's why we're
379
00:32:00.640 --> 00:32:06.000
going to be looking to to mitigate
risk again. Yeah. Another one active
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00:32:06.000 --> 00:32:09.759
thing that we did is recreate our
model right in one of our proprietary models
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00:32:09.799 --> 00:32:14.319
in house. We rebalance because of
some of the things that we see internationally
382
00:32:14.359 --> 00:32:16.160
that we just don't like. Yeah, we got out of international really we
383
00:32:16.920 --> 00:32:22.440
instead we got out of We were
in Europe, Asia, Australia, those
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00:32:22.480 --> 00:32:24.079
ets following those countries, but we
just didn't like what was going on.
385
00:32:24.119 --> 00:32:30.279
And we don't really even buy individual
foreign stocks either, so instead we went
386
00:32:30.279 --> 00:32:32.200
into the equal weight to S and
P five hundred along with the S and
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P five hundred in the other broad
markets domestically. And here's the thing.
388
00:32:37.119 --> 00:32:43.039
There's automatically balance, you hear we
balancing. Rebalancing is good, so many
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00:32:43.039 --> 00:32:46.000
people just automatically rebalance, right,
and then a quarter, end of the
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00:32:46.079 --> 00:32:52.559
year whatever it is. We're active. Markets just don't fall at the end
391
00:32:52.559 --> 00:32:54.640
of the quarter. They fall when
they want to fall. Well, the
392
00:32:54.640 --> 00:32:59.319
thing with us is that we're the
advisors. We are the relationship manager where
393
00:32:59.359 --> 00:33:00.839
we do the financial plan everything,
but once you sign up and become a
394
00:33:00.880 --> 00:33:05.400
client, we're also the money manager
where we're doing this investing. So we're
395
00:33:05.400 --> 00:33:07.759
doing it all in house. This
is everything we're talking about right now is
396
00:33:07.759 --> 00:33:09.640
stuff that we talk about on a
daily basis in our office. So that
397
00:33:09.759 --> 00:33:13.839
is how we're active. We're not
having to wait for the actual money manager
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00:33:13.880 --> 00:33:15.640
over somewhere else that we farm the
money out to. We're doing it in
399
00:33:15.640 --> 00:33:20.519
the house and we're responsible for all
of our trades and we know exactly what's
400
00:33:20.519 --> 00:33:23.000
going on with our clients accounts.
And as Dean says, it's more tactical
401
00:33:23.039 --> 00:33:27.559
approach rather than a systematic approach.
A lot of advisors they just have,
402
00:33:27.759 --> 00:33:30.039
like a Dean's like a certain date, this is what we're going to be
403
00:33:30.039 --> 00:33:32.599
balanced on. Doesn't matter if it's
up or down, that's the day we're
404
00:33:32.640 --> 00:33:36.880
doing it. And so when you
have a more tactical approach, it's looking
405
00:33:36.920 --> 00:33:39.359
at the market environment and seeing what's
going to be happening in the next three
406
00:33:39.400 --> 00:33:44.960
to six months and actively positioning the
portfolio take advantage of what you potentially see.
407
00:33:45.160 --> 00:33:49.079
Why do I bring this up because
if times like this all you do
408
00:33:49.200 --> 00:33:55.640
is get bombarded with marketing of get
out of the market. It's too bad
409
00:33:55.960 --> 00:34:00.400
I can give you and they hide
what they're telling you, which about nouities.
410
00:34:00.160 --> 00:34:04.279
You know, you don't lose anything
and you can make some uh some
411
00:34:04.279 --> 00:34:08.719
some upmoves in the markets or by
gold by gold by gold. They scare
412
00:34:08.760 --> 00:34:15.199
you into things we don't believe in
that. We believe there's there's an array
413
00:34:15.239 --> 00:34:21.920
of stuff that goes on. Be
patient, be allocated, look across the
414
00:34:21.920 --> 00:34:25.280
board. Yeah, we're gonna make
some mistakes. You make mistakes, change
415
00:34:25.280 --> 00:34:29.920
them, fix it, do the
right things. But I don't want you
416
00:34:30.039 --> 00:34:34.800
to get sucked up by all this
marketing of telling you about how you can
417
00:34:34.840 --> 00:34:38.320
get all these great returns and they're
not really telling you how it happens.
418
00:34:38.920 --> 00:34:43.519
Just go into gold, it's gonna
go. It's a three thousand going to
419
00:34:43.599 --> 00:34:46.239
the annuities. It's gonna protect you
downside. There's so many things you can
420
00:34:46.280 --> 00:34:49.719
do if you're gonna do it,
there's different ways to do it. If
421
00:34:49.719 --> 00:34:53.760
you're so scared. It's called cut
back your allocation. It's called mitigating risk.
422
00:34:53.800 --> 00:34:59.360
It's called hedging new accounts. And
the biggest problem that people aren't really
423
00:34:59.360 --> 00:35:01.519
talking about, that I think is
the worst thing coming up, is going
424
00:35:01.599 --> 00:35:06.480
to be the tax situation. One
way, the taxes are going to change,
425
00:35:06.599 --> 00:35:12.880
and when they do, it's going
to hurt everybody. And that's what
426
00:35:12.960 --> 00:35:19.960
we're looking at more than anything.
Tax investing and understanding what's the least impact
427
00:35:20.280 --> 00:35:23.519
on our taxation. But also,
more than anything, liquidity matters. That's
428
00:35:23.519 --> 00:35:29.320
why annuity returns aren't just annuity returns. You have to factor in liquidity and
429
00:35:29.360 --> 00:35:32.199
that goes back to the full financial
plan. You have to understand what potentially
430
00:35:32.239 --> 00:35:36.360
you needed. If something bad happens, are you able to pull out.
431
00:35:36.599 --> 00:35:39.519
In the next segment when we come
back, we're gonna explain to you what
432
00:35:39.559 --> 00:35:45.280
these bonuses of twenty twenty five thirty
percent on an annuity is and getting ten
433
00:35:45.320 --> 00:35:50.760
to twelve percent, Okay, that
is not real money. It's on your
434
00:35:50.800 --> 00:35:53.679
income and we're gonna explain it so
you don't get sucked in and realize three
435
00:35:53.719 --> 00:35:57.079
five years on the road you're in
trouble. We'll be right back. It's
436
00:35:57.079 --> 00:36:00.440
some Money Matter show. Thanks for
listening. Welcome back everybody. It is
437
00:36:00.480 --> 00:36:04.159
the Money Matter Show, and we
do appreciate your listening. We had a
438
00:36:04.199 --> 00:36:07.960
good turnaround this week, and you
know, maybe we've got a little bit
439
00:36:07.960 --> 00:36:10.000
more upside. It kind of went
pretty good. I don't know if this
440
00:36:10.119 --> 00:36:13.760
is the start of a big move
up, but I think between now and
441
00:36:14.199 --> 00:36:16.320
June, any pullbacks should be bought
because I think at the end of the
442
00:36:16.400 --> 00:36:20.800
June will be higher Yeah, that's
right. Oil sold off big time this
443
00:36:20.840 --> 00:36:23.400
week, was down six dollars a
barrel, finished at seventy eight dollars a
444
00:36:23.400 --> 00:36:31.199
barrel. Some concerns about production cuts. Investors were expecting some and apparently there's
445
00:36:31.280 --> 00:36:36.679
some opex and maybe not gonna do
it. Just really weird. Demand's not
446
00:36:36.800 --> 00:36:40.400
quite there, which is an interesting
indicator obviously oil. If the demand's not
447
00:36:40.400 --> 00:36:44.400
there for oil, that's not a
great indicator for the global economy. So
448
00:36:44.880 --> 00:36:47.119
keeping an eye on oil, because
again, six dollars sell off in one
449
00:36:47.159 --> 00:36:51.320
week. We haven't seen that type
of move in oil in a very long
450
00:36:51.360 --> 00:36:54.159
time. Gold was also down this
week, thirty five dollars down back to
451
00:36:54.199 --> 00:36:58.719
back weeks, down to twenty three
h two an ounce. I think that
452
00:36:58.719 --> 00:37:01.039
it got up to a high around
twenty four hundred, so definitely has come
453
00:37:01.079 --> 00:37:06.639
off around one hundred dollars there.
We have the ten year interest rate came
454
00:37:06.679 --> 00:37:09.360
down this week, and we have
these interest rates kind of rolling off off
455
00:37:09.440 --> 00:37:13.920
this rally they've had over the last
several weeks, ten years at four point
456
00:37:13.920 --> 00:37:15.639
five to two years at four point
one. So the spread is still at
457
00:37:15.639 --> 00:37:21.280
that thirty one basis points. The
thirty year Freddie mac mortgage rate increased again
458
00:37:21.920 --> 00:37:27.039
back up to seven point two to
two percent, So mortgage refinance business,
459
00:37:27.079 --> 00:37:30.400
it's got to be tough for them
right now. You said the gold ended
460
00:37:30.440 --> 00:37:32.960
down this week. Yes, that
was surprising to me, just given the
461
00:37:34.039 --> 00:37:37.320
fact that when Jerome Powell was talking
to rallied about two percent. It's pretty
462
00:37:37.320 --> 00:37:40.599
impressive. Thursday and Friday really went
down. Mostly, I think what happened
463
00:37:40.880 --> 00:37:44.840
and what we've also seen. We've
talked about the VICS, which is the
464
00:37:44.880 --> 00:37:49.440
fear indicator, right and and this
is really just following the volatility have s
465
00:37:49.480 --> 00:37:52.280
and P five hundred. When it
goes up, it shows that there's fear
466
00:37:52.280 --> 00:37:54.199
in the market. When it goes
down, there's there's less fear. Got
467
00:37:54.239 --> 00:38:00.400
way down there now and it's and
it's back down exactly. It's getting down
468
00:38:00.440 --> 00:38:04.079
in this level. That always tells
you that people have turned way too bullish,
469
00:38:04.119 --> 00:38:07.320
too fast, and that's when we
start looking to mitigate risk again.
470
00:38:07.800 --> 00:38:10.039
We said the last segment, we're
going to talk about a lot of these
471
00:38:10.039 --> 00:38:17.079
things that you keep hearing, all
right. The bottom line is annuities are
472
00:38:17.079 --> 00:38:22.000
good for the right situation, for
the right person at the right time.
473
00:38:22.519 --> 00:38:28.039
Annuities have so many different ways to
handle on so many different types of annuities
474
00:38:28.440 --> 00:38:31.880
that you really have to sit down
with somebody that understands them and just doesn't
475
00:38:31.920 --> 00:38:36.360
sell you an annuity so they can
get their commission. But one of the
476
00:38:36.400 --> 00:38:40.480
things you continue to hear all over
the place that you can get a twenty
477
00:38:40.480 --> 00:38:49.599
to thirty percent bonus and then ten
or twelve percent a year increase on your
478
00:38:49.760 --> 00:38:52.719
income. Okay, So with that
said, I'm going to turn it over
479
00:38:52.719 --> 00:38:55.880
to Todd and let Todd explain to
you what these things are. We call
480
00:38:55.920 --> 00:39:00.639
it funny money. It actually is
there, but it's it's not your real
481
00:39:00.679 --> 00:39:04.320
principle. You can't put in one
hundred grand and it goes to one hundred
482
00:39:04.320 --> 00:39:06.679
and forty two thousand dollars in the
first year and say, oh, give
483
00:39:06.679 --> 00:39:09.360
me my forty two thousand. It
just doesn't work that way. Yeah,
484
00:39:09.400 --> 00:39:12.480
So, just to keep it real
simple, if you had one hundred thousand
485
00:39:12.519 --> 00:39:15.360
dollars, then you wanted to put
it into an annuity. Most of the
486
00:39:15.400 --> 00:39:17.360
times, if if someone's selling you
in saying you're guaranteed not to lose any
487
00:39:17.360 --> 00:39:21.880
money, it's going to be an
indexed annuity or a fixed annuity. But
488
00:39:21.880 --> 00:39:24.159
most often it's an FIA, which
is a fixed indexed annuity, and these
489
00:39:24.159 --> 00:39:28.519
are ones where you're invested into the
S and P five hundred, which is
490
00:39:28.519 --> 00:39:31.119
the index part, but it's capped
up into a certain percentage gain, but
491
00:39:31.119 --> 00:39:35.960
you're guaranteed not to lose any money
an even given year. Most people understand
492
00:39:35.960 --> 00:39:38.719
that concept, but when people start
throwing in the word bonuses, it gets
493
00:39:38.760 --> 00:39:42.920
a little confusing. A lot of
the times, what the word bonus is
494
00:39:42.960 --> 00:39:46.239
referring to is the income bonus.
Because there's two different values in an annuity.
495
00:39:46.440 --> 00:39:52.039
There's the actual account balance of the
annuity. It's called the accumulation value,
496
00:39:52.119 --> 00:39:57.239
and then you actually have the income
value or the total value of what
497
00:39:57.280 --> 00:40:00.559
they say is what the annuity.
That's not actually what you can take out.
498
00:40:00.679 --> 00:40:05.679
That is just a calculation that the
annuity company is using at that time.
499
00:40:06.039 --> 00:40:07.880
When you turn on income, they
are going to give a percentage of
500
00:40:07.920 --> 00:40:12.880
that income base, and that's what
you're going to be given yearly, guaranteed
501
00:40:12.880 --> 00:40:16.159
for the rest of your life.
The income bonus is not real money.
502
00:40:16.239 --> 00:40:21.679
Now, there's other things that you
can be considered real bonuses. They're called
503
00:40:21.800 --> 00:40:25.079
vested bonuses, and they can be
added to your actual account value that actually
504
00:40:25.079 --> 00:40:30.400
can be taken out. But these
bonuses have strings attached to them because you
505
00:40:30.480 --> 00:40:34.400
have to become vested, which means
you don't get the bonus unless you don't
506
00:40:34.400 --> 00:40:37.719
take unless you take the money out
after keeping the money in for five,
507
00:40:37.000 --> 00:40:40.840
six years, seven years, depending
on the particular type of annuity. So
508
00:40:40.880 --> 00:40:45.119
when annuity salesmen they are saying,
no, you actually do get this bonus,
509
00:40:45.239 --> 00:40:47.039
it may be true, but it
also might not be for another five
510
00:40:47.119 --> 00:40:52.320
years. Lastly, there's something called
intro cap rates. These are rates that
511
00:40:52.360 --> 00:40:54.599
are super high in the first one, two, three years to attract you
512
00:40:54.639 --> 00:40:58.039
and saying hey, we can get
you up to a fourteen percent gain.
513
00:40:58.280 --> 00:41:00.559
But what they don't tell you in
this ten product is that on the back
514
00:41:00.840 --> 00:41:06.000
seven years you potentially only have a
cap of four six percent, really limiting
515
00:41:06.039 --> 00:41:08.760
the value growth that you can experience
over the course of the entire ten year
516
00:41:08.760 --> 00:41:14.119
annuity plan because again you are locked
in if it's a ten year product on
517
00:41:14.199 --> 00:41:17.519
that annuity because of penalties. If
you withdraw more than ten percent, you'll
518
00:41:17.559 --> 00:41:22.679
be a face that surrender penalty.
So not all annuities are really great for
519
00:41:22.719 --> 00:41:27.679
people because of liquidity issues and if
you don't really put a financial plan together
520
00:41:27.719 --> 00:41:30.760
and understand what potentially you need to
be pulling out of annuities, and you
521
00:41:30.800 --> 00:41:32.440
put too much in, then you're
not going to be able to take it
522
00:41:32.440 --> 00:41:37.360
out without experiencing a really big hit, not to mention all the fees associated
523
00:41:37.400 --> 00:41:43.280
with annuities that dragged down that performance
regardless. Yeah, we find value and
524
00:41:43.320 --> 00:41:47.159
annuities when where client needs to bridge
a gap between income and expensive during retirement.
525
00:41:47.360 --> 00:41:51.440
We don't like to put the whole
portfolio into an annuity though, because
526
00:41:51.440 --> 00:41:53.119
of that liquidity issue. You lock
it up and all of a sudden,
527
00:41:53.159 --> 00:41:58.000
the unforeseen thing happens and you need
money, you're going to have to pay
528
00:41:58.039 --> 00:42:00.320
a penalty on it if you need
more than ten percent. So you don't
529
00:42:00.320 --> 00:42:02.519
want to lock it all up into
an annuity. But there are good things
530
00:42:02.559 --> 00:42:06.719
about it if you do need to
bridge a gap. But there's other ways
531
00:42:06.719 --> 00:42:08.639
to go about it too. There's
other ways to produce income. We have
532
00:42:08.679 --> 00:42:12.960
our own way of doing it at
our place. It's a proprietary model that
533
00:42:13.000 --> 00:42:15.679
we create income and make sure that
we have five years of income that you
534
00:42:15.800 --> 00:42:19.960
need. So then if the market
is do tank like say twenty twenty two,
535
00:42:20.320 --> 00:42:22.840
you're still getting the income that you
need during that year without having to
536
00:42:22.880 --> 00:42:28.599
sell any funds at a loss.
I'm gonna make it real simple, guys.
537
00:42:29.559 --> 00:42:31.639
If someone's just selling you one product
and it's an annuity, and what
538
00:42:31.760 --> 00:42:38.639
they keep talking about this annuity,
you got to ask questions, how much
539
00:42:38.639 --> 00:42:45.320
of my portfolio thinking about this bonus
and this other thing? How much is
540
00:42:45.360 --> 00:42:51.360
that affecting my actual principle? What
can I expect out of my actual principle
541
00:42:51.719 --> 00:42:55.320
after five years or seven years or
ten years the income checked that I get,
542
00:42:55.320 --> 00:43:00.559
what percentage is that going to be? How much are you going to
543
00:43:00.760 --> 00:43:07.239
make offer by annuity that I purchase
from you? And if he says nothing,
544
00:43:07.719 --> 00:43:12.320
say, then you know that's not
true, okay, Because annuities,
545
00:43:12.400 --> 00:43:15.360
yes, you're not paying the commission
quote up front, they're getting it,
546
00:43:16.039 --> 00:43:22.199
but you are paying in fees and
surrender charges and everything else. There's a
547
00:43:22.239 --> 00:43:25.440
lot to be asked of the annuities. The bonuses, You've got to understand.
548
00:43:25.440 --> 00:43:28.800
They got to explain it to you. If you're not going to turn
549
00:43:28.840 --> 00:43:31.599
it on for income, if you're
not going to use income, these bonuses
550
00:43:31.960 --> 00:43:37.639
for income don't matter to you,
all right? And if it's only selling
551
00:43:37.679 --> 00:43:45.239
you an annuity, my advice is
get off the phone or leave the room,
552
00:43:45.960 --> 00:43:52.159
because an annuity has its place in
a portfolio if you understand exactly what
553
00:43:52.239 --> 00:43:55.239
it's going to do, But it
doesn't have a place as the only investment
554
00:43:55.320 --> 00:44:00.440
that person wants to sell to you. Absolutely not, because they have no
555
00:44:00.599 --> 00:44:05.639
clue what else is there that just
puts some stuff down, So be careful.
556
00:44:05.960 --> 00:44:09.159
There's a lot of people out there
right now that that they make a
557
00:44:09.199 --> 00:44:15.880
living on selling products with fear.
Also another thing to ask them is if
558
00:44:15.880 --> 00:44:21.920
they're reluctant to talk about other products
or another another annuity, or even another
559
00:44:22.039 --> 00:44:24.199
investment product. If they only want
to talk about the one product that they're
560
00:44:24.639 --> 00:44:28.599
showed you first, it's a red
flag and that's something you got to think
561
00:44:28.599 --> 00:44:30.400
about what they're trying to get out
of it. Another great question to ask
562
00:44:30.519 --> 00:44:35.880
is do you take trail commission or
upfront commission? If they say upfront commission,
563
00:44:36.119 --> 00:44:39.599
that's another red flag because they should
be taking trail commission because that incentivizes
564
00:44:39.639 --> 00:44:43.519
them to continue to work with you
over a course of years instead of not
565
00:44:43.599 --> 00:44:46.519
just the first year getting a big
commission check from the insurance company. Now
566
00:44:46.519 --> 00:44:51.320
there are sometimes that there are no
trails right ages, certain things like that,
567
00:44:51.400 --> 00:44:52.760
certain situations. Explain it to you, that's it. That's all I
568
00:44:52.840 --> 00:45:00.480
was saying. Have it totally explained
to you so you understand it. Don't
569
00:45:00.519 --> 00:45:04.679
do it because you're scared. And
this is coming out a place of real
570
00:45:04.719 --> 00:45:07.320
fear, because we see people coming
into our office with products that there is
571
00:45:07.400 --> 00:45:12.960
nothing that you can do and they're
stuck in really bad ones for the yeah,
572
00:45:13.519 --> 00:45:15.480
last few months, we've seen a
lot of people come talk to us
573
00:45:16.119 --> 00:45:20.559
about this because they're not getting a
straight answer, they don't understand it.
574
00:45:20.920 --> 00:45:24.639
So that's why we wanted to basically
let people know it's not that it's bad,
575
00:45:27.000 --> 00:45:29.199
but you don't know if it's the
right thing for you. And if
576
00:45:29.199 --> 00:45:32.400
you're a person that needs conservativeness,
that's fine. But maybe a vehicle with
577
00:45:32.440 --> 00:45:37.000
more liquidity is a better place for
that money to be. That's all we're
578
00:45:37.000 --> 00:45:40.639
saying. And also just keep in
mind that there's these new ETFs that just
579
00:45:40.719 --> 00:45:44.599
hit the market. We're not really
sure if they're going to work out,
580
00:45:44.760 --> 00:45:49.280
but they're a first of its kind
and they're ETFs that say that they will
581
00:45:49.280 --> 00:45:52.280
give you one hundred percent downside protection
up to a cap of around nine percent.
582
00:45:52.559 --> 00:45:55.639
Now, this again is a completely
new fund. It just was released
583
00:45:55.679 --> 00:46:00.159
on May first, so it's interesting
to see how that could compete. There's
584
00:46:00.159 --> 00:46:04.519
always products out there, guys,
Okay, make sure who's ever exploiting the
585
00:46:04.559 --> 00:46:07.360
product can go through the whole product
and know it. And even if it's
586
00:46:07.400 --> 00:46:13.480
great and looks great, you also
just put a small percentage in everything,
587
00:46:13.719 --> 00:46:16.239
yes, every no matter why.
Things cannot work out. Now, if
588
00:46:16.239 --> 00:46:20.360
you're talking about the S and P
five hundred index or something like that,
589
00:46:20.360 --> 00:46:22.559
that's fine. You can have a
bigger percentage in there. But with things
590
00:46:22.559 --> 00:46:28.079
that are trying to work out new
stuff, don't don't go past ten percent.
591
00:46:28.320 --> 00:46:31.960
Everything has a risk. There's only
one product that has that they say
592
00:46:32.000 --> 00:46:37.280
is guaranteed. Right, that's right, and that's treasuries. For those who
593
00:46:37.280 --> 00:46:42.360
don't know, and you know,
it's crazy. People actually think that a
594
00:46:42.400 --> 00:46:46.199
CD or annuity is safer than the
treasury. Yeah, they do. A
595
00:46:46.400 --> 00:46:51.639
US treasury is the safest thing you
can get. The short term treasury is
596
00:46:51.679 --> 00:46:55.199
even safer than a longer term treasury. That's where it goes. It's safer
597
00:46:55.239 --> 00:46:59.440
than a CD, it's safer than
an annuity. That's because it's back Why
598
00:46:59.519 --> 00:47:02.519
the US government and news are backed
by the insurance company right ce. These
599
00:47:02.519 --> 00:47:07.679
are also backed by back banks YEP, YEP, which is emptic, which
600
00:47:07.760 --> 00:47:12.239
is a government agency that has a
certain amount of money in it. SIPPIK
601
00:47:12.280 --> 00:47:14.840
has a certain amount of money in
it, you know, and then what
602
00:47:14.880 --> 00:47:17.039
do they do? They always go
have to raise more money if there's problems.
603
00:47:17.320 --> 00:47:20.559
I'm not saying people are going to
get affected by it. By the
604
00:47:20.679 --> 00:47:23.400
US government bond or short term one
is the safest thing you can get.
605
00:47:23.639 --> 00:47:27.960
We appreciate your listening. We have
a whole another hour to talk. This
606
00:47:28.039 --> 00:47:32.320
is the Money Matter Show, and
we thank you for being part of it.
607
00:47:34.000 --> 00:47:36.679
Well, welcome back everybody. It's
the Money Matter Show, and we
608
00:47:36.760 --> 00:47:39.239
appreciate your listening. Remember, you
need more Money Matter shows. You want
609
00:47:39.239 --> 00:47:42.199
to go back and listen, you
want to see if we're right, longer
610
00:47:42.199 --> 00:47:45.760
and different. Just go to our
website. We have all our podcast on
611
00:47:45.800 --> 00:47:47.880
there. If you're not listening to
the radio and you want to you and
612
00:47:47.960 --> 00:47:52.280
your way iHeartRadio, you can listen
live, or you can go to our
613
00:47:52.400 --> 00:47:55.880
podcasts. Yeah, you can go
to our website has all the podcasts listed
614
00:47:55.920 --> 00:48:01.400
there. We got our new TV
shows rolling out on Sunday Kvoay on Sunday
615
00:48:01.480 --> 00:48:07.239
nights, as well as we have
our Saturday weekly radio show six thirty twelve
616
00:48:07.280 --> 00:48:10.679
twelve thirty, as well as we
have our weekly radio flagship show on Sunday
617
00:48:10.679 --> 00:48:15.920
morning eight to ten am. This
week we had the month closed. So
618
00:48:15.039 --> 00:48:20.960
let's run down the major indices and
the monthly performance of April. It was
619
00:48:20.960 --> 00:48:24.639
a bad one. It was the
first negative month and the lowest month in
620
00:48:24.800 --> 00:48:29.400
several We had the Dow down five
percent. We had the SMP down four
621
00:48:29.440 --> 00:48:31.559
point two percent for the month of
April. The Nasdaq was down four point
622
00:48:31.559 --> 00:48:36.000
four The Russell two thousand led the
way down at six point eight percent lower,
623
00:48:36.159 --> 00:48:38.599
and the equal weighted was down four
point eight percent. But this week,
624
00:48:38.760 --> 00:48:43.880
the Dow actually finished the week higher
one point one percent, SMP up
625
00:48:43.920 --> 00:48:47.320
four point five percent, NASDAK one
point four percent higher. The Russell led
626
00:48:47.360 --> 00:48:51.119
the way higher at one point eight
percent, and the equal weighted was up
627
00:48:51.360 --> 00:48:54.280
a margin of twenty basis points.
Now, the S and P really only
628
00:48:54.360 --> 00:49:00.199
finished the week positively because of a
really big rally on Friday that had to
629
00:49:00.239 --> 00:49:04.079
do with just opening higher, really
not trading higher throughout the day, but
630
00:49:04.159 --> 00:49:08.440
opening higher because of a weak labor
report that had a little bit of help
631
00:49:08.519 --> 00:49:12.800
from Apple, right, Apple,
Yeah, I mean reported late Wednesday,
632
00:49:13.039 --> 00:49:19.119
helped definitely on Thursday and and kind
of just brought the rally into Friday.
633
00:49:19.440 --> 00:49:22.000
The thing that we saw with you
know a lot of people, they would
634
00:49:22.000 --> 00:49:25.000
say a week labor report, how
does that actually help markets? The reason
635
00:49:25.079 --> 00:49:29.880
is because where we are currently in
this hike cycle, right, this rate
636
00:49:29.960 --> 00:49:32.840
hiking cycle, right, we're on
that kind of hold period after we've hiked
637
00:49:32.880 --> 00:49:37.400
so much. We're on this hold
period now the Fed wants to see when
638
00:49:37.519 --> 00:49:42.280
they can cut rates. Well,
with labor market being as strong as it
639
00:49:42.480 --> 00:49:45.679
was and inflation being as high as
it was, they really could never cut
640
00:49:45.760 --> 00:49:47.679
rates. They could only hold and
if in fact, some talks last week
641
00:49:47.800 --> 00:49:51.679
was like are you going to raise
rates? And they asked them that question
642
00:49:51.719 --> 00:49:54.559
actually on Wednesday, said Power,
what is the likelihood or what do you
643
00:49:54.599 --> 00:49:59.119
think has to happen for you to
raise rates? And he says, well,
644
00:49:59.159 --> 00:50:01.199
honestly likely, the next rate move
is not going to be higher,
645
00:50:01.360 --> 00:50:05.400
it's going to be lower. So
he kind of dismissed the question and didn't
646
00:50:05.400 --> 00:50:10.360
really I mean obviously higher economic inflation
numbers would lead him to revisit that coin,
647
00:50:10.440 --> 00:50:14.440
but it didn't seem like it was
something he was considering at all.
648
00:50:14.480 --> 00:50:16.840
And initially the stock market rallied off
of that, but then he said something
649
00:50:16.880 --> 00:50:20.039
that kind of brought it back down. Well. Yeah, one of the
650
00:50:20.119 --> 00:50:24.199
questions that another reporter asked is what
do you think do you think there will
651
00:50:24.239 --> 00:50:27.000
be a rate cut by the end
of the year, and he said,
652
00:50:27.119 --> 00:50:29.679
ye, they're different on both sides. Yeah, he doesn't have an opinion
653
00:50:29.719 --> 00:50:31.840
on whether there will be or not. So obviously, going into the year,
654
00:50:31.920 --> 00:50:36.159
most analysts thought there would be four
or five rate cuts. Now most
655
00:50:36.159 --> 00:50:40.719
analysts only think there'll be just under
two, and likely with what Jerome Powell,
656
00:50:40.719 --> 00:50:44.599
you could possibly see zero rate cuts
in twenty twenty four. It's all
657
00:50:44.639 --> 00:50:46.840
over the board. Thanks for the
cryptic answers, Jerom Pell. Yeah,
658
00:50:46.840 --> 00:50:50.840
I mean that's his job as a
FED chairman. He doesn't want to spook
659
00:50:50.920 --> 00:50:53.760
markets, and the markets are wanting
him to say something, and really he
660
00:50:53.800 --> 00:50:57.880
doesn't need to say anything. He
needs to continue to be data reliant on
661
00:50:57.920 --> 00:51:02.840
these economic figures because that's how he
will be able to best land this plane.
662
00:51:04.039 --> 00:51:07.920
Really, what we're seeing with the
labor report coming in lower than expectations,
663
00:51:08.320 --> 00:51:13.400
was a move of interest rates moving
lower, right, So the only
664
00:51:13.440 --> 00:51:19.079
reason they moved lower is because if
labor's getting weaker, then that box kind
665
00:51:19.079 --> 00:51:22.039
of gives them more reason to cut
rates. They can only cut rates if
666
00:51:22.079 --> 00:51:27.079
labor gets really weak. So with
interest rates edging lower on Friday, stocks
667
00:51:27.199 --> 00:51:32.159
really got higher and we finished the
week positive return. Employment number one came
668
00:51:32.199 --> 00:51:37.880
in higher. We could possibly see
a potential rate hike at that point,
669
00:51:37.960 --> 00:51:39.719
so I would know you would have
said low. It would have to come
670
00:51:39.760 --> 00:51:43.360
in low, the unemployment rate would
have coming lower. Sorry, yeah,
671
00:51:43.440 --> 00:51:45.719
you're right. And and then it
rose three point nine. But it's still
672
00:51:45.760 --> 00:51:49.840
at a historically low level. I
mean, the lowest we've ever seen was
673
00:51:49.880 --> 00:51:52.679
three point six. It's only at
three point nine. So it's still a
674
00:51:52.840 --> 00:51:57.039
very strong labor market. But we
are seeing a structural change from full time
675
00:51:57.039 --> 00:52:02.159
employees to part time. There's not
as much in flat being happening through wage
676
00:52:02.159 --> 00:52:06.880
increases, which is what Drome wanted
to see. Actually, we saw average
677
00:52:06.880 --> 00:52:10.960
hourly earnings decrease in this last labor
report, so it's showing that inflation is
678
00:52:12.000 --> 00:52:15.639
not going to be increased too much
by labor jobs. In fact, it'd
679
00:52:15.639 --> 00:52:19.840
probably be more increased by housing as
we've continued to see that being the largest
680
00:52:20.079 --> 00:52:23.480
component of inflation. This week,
we had a couple of earnings reports.
681
00:52:23.519 --> 00:52:27.960
We'll run down. The biggest one
is Apple. Right, Apple reported earning
682
00:52:28.119 --> 00:52:34.119
strong. They came in. The
sales weren't exactly what analysts wanted to see,
683
00:52:34.480 --> 00:52:37.960
but the guidance the talks everything about
what is upcoming with this AI phone
684
00:52:38.039 --> 00:52:45.079
upgrade supercycle. You have, talks
about the relationship of Google and AI and
685
00:52:45.400 --> 00:52:49.400
an Apple, as well as Apple
reporting the largest stock buy back in the
686
00:52:49.440 --> 00:52:52.840
history of the firm. So what
a stock buyback is doing If you just
687
00:52:52.840 --> 00:52:57.639
think about a supply and demand.
If there's only one thousand shares available and
688
00:52:57.679 --> 00:53:00.159
the company buys one hundred, well, now there's only nine hundred shares available,
689
00:53:00.239 --> 00:53:04.440
right, So just on a peer
supply and demand basis, the shares
690
00:53:04.480 --> 00:53:09.039
get more scarce, which leads to
the valuability of that stock price. Theoretically,
691
00:53:09.559 --> 00:53:13.119
it doesn't always work that way.
Sometimes it's seen as a negative,
692
00:53:13.159 --> 00:53:16.239
but most oftentimes it's seen as a
positive because of that sublime demand dynamic.
693
00:53:17.159 --> 00:53:20.159
I might drive you a little bit
crazy with this one. But I want
694
00:53:20.199 --> 00:53:23.599
to talk about Nova for a little
bit. Nova reported some great stellar earnings.
695
00:53:23.639 --> 00:53:29.880
Actually they reported a net profit over
it rose eight percent year over year,
696
00:53:30.119 --> 00:53:35.559
They increased their guidance, They increased
their guidance, and the stocks still
697
00:53:35.599 --> 00:53:37.840
fell. So the reason that,
oh, and not to mention, they
698
00:53:37.840 --> 00:53:42.119
did come out with the studies showing
that twenty five thousand Americans are starting we
699
00:53:42.239 --> 00:53:46.119
gov weekly as supply increases in price
drops and that was one of the biggest
700
00:53:46.119 --> 00:53:50.760
problems. They couldn't get enough supply
out there. That was hurt in the
701
00:53:50.760 --> 00:53:53.519
stock for a little bit the last
couple of months. Todd had this basis
702
00:53:53.559 --> 00:53:57.480
of well, anybody could tap into
this market at any point. We see
703
00:53:57.519 --> 00:54:00.800
compound pharmacies talking about it on CNA
and then on CNBC, Fox News,
704
00:54:00.840 --> 00:54:04.800
whatever it may be. You probably
have seen a commercial for a semi glue
705
00:54:04.800 --> 00:54:08.320
tide shot. Now, why do
I think that the stock didn't really react
706
00:54:09.119 --> 00:54:14.559
in a positive manner is because of
Amgen's earnings. This biotech company rally twelve
707
00:54:14.599 --> 00:54:17.760
percent after reporting a b on both
top and bottom lines in the first quarter.
708
00:54:17.960 --> 00:54:22.840
This company announced that it would proceed
that it would proceed with its injectable
709
00:54:22.840 --> 00:54:29.159
OBC drug into phase three trials simultaneously. Shares of Novo and Eli Lilly,
710
00:54:29.159 --> 00:54:34.440
another semi glue tide maker, down
roughly one to two percent each. Yeah,
711
00:54:34.480 --> 00:54:37.599
I mean, for those who heard
us talk about this again, you
712
00:54:37.679 --> 00:54:42.719
have a kind of couple different versions
of this weight loss drug. You have
713
00:54:43.159 --> 00:54:47.159
we gov, which is under the
Novo brand. Then you have ozempic okay,
714
00:54:47.239 --> 00:54:54.400
which is under Lily's brand, and
Eli Lilly also has zep bound zet
715
00:54:54.480 --> 00:55:00.599
bounce, and then there's also a
Manjaro, but that's a Nova and that's
716
00:55:00.679 --> 00:55:05.599
Novo so and then Viking Therapeutics came
out with they came out with a couple
717
00:55:05.559 --> 00:55:07.519
of studies, but the sock hasn't
really been doing much after that initial you
718
00:55:07.519 --> 00:55:12.400
know whatever. So there's really only
like three players on a real level.
719
00:55:12.400 --> 00:55:16.679
Obviously a whole bunch of generic players
on a lower level. But Novo had,
720
00:55:16.760 --> 00:55:21.079
you know, seemed like a very
strong chart, a very strong earnings
721
00:55:21.079 --> 00:55:24.000
picture, but sold off big time
because obviously investors did not see what they
722
00:55:24.039 --> 00:55:29.320
wanted from the stock. It looks
like there's some more selling that could be
723
00:55:29.360 --> 00:55:34.480
happening on this just a it's a
pretty I guess maybe not easy market to
724
00:55:34.480 --> 00:55:37.199
tap into because you've got to have
enough money for R and D and whatnot.
725
00:55:37.320 --> 00:55:40.800
But like you said, there's nothing
very proprietary around this. The patent
726
00:55:40.880 --> 00:55:45.159
that they hold is that you could
change one little compounds and you could sell
727
00:55:45.199 --> 00:55:49.760
it. And you've seen states like
Florida dismissed these lawsuits that they're trying to
728
00:55:50.000 --> 00:55:52.519
that Novo and Eli Lili are trying
to bring abouts on these compound pharmacies.
729
00:55:52.559 --> 00:55:57.960
Why probably because there's not enough supply
out there increasing the process just dramatic at
730
00:55:57.960 --> 00:55:59.760
this point, and they'll try to, you know, push it up to
731
00:55:59.760 --> 00:56:02.920
this Supreme Court, but likely the
Supreme Court won't do anything either. And
732
00:56:04.960 --> 00:56:07.880
because of the you know, the
whole free market thing. Something with the
733
00:56:07.920 --> 00:56:10.679
marijuana stocks this week, Todd,
Yeah, I mean, cannabis stocks had
734
00:56:10.719 --> 00:56:15.199
a very big upgrade on Tuesday.
Tuesday, there was a report out of
735
00:56:16.239 --> 00:56:22.880
I believe US News reported it.
There was some people close to the source
736
00:56:22.079 --> 00:56:27.920
of the the DEA who said that
there's a it's the DA, FDA,
737
00:56:28.079 --> 00:56:30.480
it's the DA. So the DA
came out, well, apparently didn't come
738
00:56:30.480 --> 00:56:38.199
out, but there's rumors the DA
is sending giving a recommendation to President Biden
739
00:56:38.440 --> 00:56:43.480
or like a House committee. It's
kind of confusing who actually makes the end
740
00:56:43.559 --> 00:56:47.840
decision on this, but whoever does. The DEA basically gave a report saying,
741
00:56:47.840 --> 00:56:52.199
hey, we think cannabis should be
descheduled from schedule one. Whether that
742
00:56:52.320 --> 00:56:57.400
is scheduled two or scheduled three does
make a big difference. But scheduling it
743
00:56:57.400 --> 00:57:01.760
from schedule one in general is a
huge difference maker because now you're saying that
744
00:57:01.800 --> 00:57:06.480
it actually does have some type of
medical purpose to it, and it's now
745
00:57:06.599 --> 00:57:12.039
not just in the same bucket as
you know, cocaine or the worst drugs
746
00:57:12.079 --> 00:57:15.800
you can think of. It was
even higher than fentanyl was fentanyl was scheduled
747
00:57:15.800 --> 00:57:20.039
two. And the only reason for
that is because there's medical purposes at this
748
00:57:20.079 --> 00:57:23.320
point for fetanyl, right, and
so there's no quote unquote medical purposes for
749
00:57:23.440 --> 00:57:28.039
cannabis. And that's so says the
law, and so DA is now going
750
00:57:28.079 --> 00:57:30.679
to give a recommendation that that's possibly
not going to happen. Uh So,
751
00:57:30.840 --> 00:57:36.639
the biggest stock that saw increase was
Canopy Growth. We always had us,
752
00:57:36.719 --> 00:57:40.519
Dave and Sebastian kind of thinking,
why is this Canadian company going to have
753
00:57:40.559 --> 00:57:47.039
such a big increase if the United
States legalizes respective this stock rallied I want
754
00:57:47.079 --> 00:57:51.199
to say one hundred percent that day
it was about eighty nine percent, but
755
00:57:51.280 --> 00:57:53.679
yes, it was close to one
hundred and the lesser of the two.
756
00:57:53.760 --> 00:57:59.480
Or it was till Ray that just
behind him at thirty forty percent why and
757
00:57:59.559 --> 00:58:00.800
no True Leave was up forty five. I mean, there was a lot
758
00:58:00.840 --> 00:58:05.599
of stocks a big time on Tuesday, but Canopy Growth led the way.
759
00:58:05.599 --> 00:58:08.320
And they're Canadian company. So why
would a Canadian company benefit from American legalization.
760
00:58:08.760 --> 00:58:14.119
Well, it's because Canada can't bring
their product that they produce in Canada
761
00:58:14.280 --> 00:58:20.000
across borders because that's a federal trade
issue and federally it's illegal. So even
762
00:58:20.079 --> 00:58:22.880
if it gets the scheduled from three
to two from one to two to three,
763
00:58:23.000 --> 00:58:27.760
it still doesn't mean it's legal.
It's criminaliz but it is a first
764
00:58:27.800 --> 00:58:30.920
step to getting it somewhat federally legal. And that is a big deal because
765
00:58:30.960 --> 00:58:35.519
then Cannopy Growth could theoretically go back
in. You know, a company that
766
00:58:35.760 --> 00:58:39.000
really does impact is Constellation Brands.
They made a huge investment in the company
767
00:58:39.039 --> 00:58:44.280
and it's really been sour since they've
done it. But if you know what
768
00:58:44.320 --> 00:58:49.440
we're seeing continues. This trend continues
and it seems like it's being more popularized.
769
00:58:50.119 --> 00:58:53.840
It potentially could be a good time
for these cannabis stocks. We also
770
00:58:53.880 --> 00:58:59.880
have an interesting look at First Solar. This week they reported earnings for corp
771
00:59:00.119 --> 00:59:04.440
one. They beat estimates and they
were up nine percent over the last week,
772
00:59:05.119 --> 00:59:07.840
a big gain on Friday, up
six percent as it finally got over
773
00:59:07.880 --> 00:59:14.159
its resistance level on the charts.
It's looking really strong and again with interest
774
00:59:14.199 --> 00:59:16.280
rates going lower this week, it
seems like it really benefited from that.
775
00:59:16.960 --> 00:59:20.559
Yeah, I got got in a
good time on that one. Expedia,
776
00:59:20.760 --> 00:59:24.360
those shares tumbled thirteen percent after online
travel booking company lowered its full year guidance.
777
00:59:25.079 --> 00:59:29.159
I think that this has probably a
lot of a lot. The reason
778
00:59:29.239 --> 00:59:34.199
for this was because of their exposure
to their vrbo. Vrbo is essentially like
779
00:59:34.239 --> 00:59:37.440
an Airbnb type of deal, and
I think that we're seeing a transition from
780
00:59:37.800 --> 00:59:44.480
airbnbs and vrbos to back to hotels
just because of the price let alone.
781
00:59:44.880 --> 00:59:47.280
Yeah, I mean that's the biggest
thing. Obviously, the people would way
782
00:59:47.400 --> 00:59:52.119
rather be in an airbnb because the
flexibility of it all and being able to
783
00:59:52.199 --> 00:59:55.760
kind of be all together instead of
in three different rooms is way nicer.
784
00:59:55.800 --> 00:59:59.760
But if the price is so cheaper
to being ho Tel, you're gonna pick
785
00:59:59.760 --> 01:00:01.960
oht absolutely And at the same time, if they offer me a free breakfast,
786
01:00:02.000 --> 01:00:06.000
why not. Yeah, But you
know, I do think parents would
787
01:00:06.119 --> 01:00:09.079
pay an extra price or a couple
one hundred dollars more for an airbnb to
788
01:00:09.079 --> 01:00:12.440
be able to kind of like not
have to go to sleep right when their
789
01:00:12.519 --> 01:00:15.079
kids have to go to sleep.
I think that's a great you know ad
790
01:00:15.119 --> 01:00:17.840
campaign that Airbnb put out with saying, you know, if you're a parent
791
01:00:17.880 --> 01:00:22.159
and you go on a vacation with
your kids and you're sharing a hotel room,
792
01:00:22.559 --> 01:00:25.000
you know, there's no night life
for you know, it's going You're
793
01:00:25.039 --> 01:00:28.679
going to bed when the kids are
going to bed. So it is an
794
01:00:28.719 --> 01:00:32.719
interesting kind of difference when you have
a whole home at your fingertips. Starbucks
795
01:00:32.719 --> 01:00:37.760
this week plunged more than sixteen percent
after the coffee chain posted weaker than expected
796
01:00:37.840 --> 01:00:43.000
quarterly results on the top and bottom
lines. They are really getting hit hard
797
01:00:43.119 --> 01:00:47.159
in China, that's predominantly why.
But they're missing on revenue, they're missing
798
01:00:47.159 --> 01:00:52.239
on earnings. It's not a great
time for Starbucks. It's one of those
799
01:00:52.280 --> 01:00:55.960
interesting things because you know anywhere in
America you look at a Starbucks and it's
800
01:00:57.039 --> 01:01:00.360
it's a long line, right,
and they're stelling their stuff. I don't
801
01:01:00.480 --> 01:01:04.000
know if China is the reason for
the stock plunging though, just because China
802
01:01:04.000 --> 01:01:07.719
had a great week this week,
Ali Bobo was up twenty well, I
803
01:01:07.760 --> 01:01:10.320
mean that, I mean China has
had China stock's gonna have a great week
804
01:01:10.360 --> 01:01:15.199
for predominantly just because China came out
with stimulus. That doesn't mean China's doing
805
01:01:15.239 --> 01:01:19.599
good, means actually doing bad,
right, So we're talking about what type
806
01:01:19.639 --> 01:01:23.800
of sales is Starbucks doing in China. Likely it's not doing great right because
807
01:01:23.800 --> 01:01:27.840
of what they're doing, what they're
experiencing with their whole real estate sector,
808
01:01:27.880 --> 01:01:30.800
and we saw with retail sales out
of China, they're not doing too well
809
01:01:31.199 --> 01:01:37.360
right now. CVS Health continues to
struggle. Shares plunged with another sixteen percent
810
01:01:37.440 --> 01:01:43.800
following the drug store chain and pharmacies
first quarter adjusted results in revenue missing,
811
01:01:44.320 --> 01:01:50.280
and the CVS team cut its full
year profit outlook and also missed the consensus
812
01:01:50.360 --> 01:01:52.519
estimate. Take it up behind the
barn shoot it Yeah, they said and
813
01:01:53.199 --> 01:01:59.840
they said, citing it's a higher
medical costs. Yeah, that does not
814
01:01:59.880 --> 01:02:05.079
seem like a lasting business model.
I saw Walmart. They're closing all their
815
01:02:05.079 --> 01:02:07.719
pharmacies. Are they really? Yeah? They are, so maybe that helps
816
01:02:08.079 --> 01:02:14.239
CBS. I did not see that. Yeah they are. Wow. Interesting.
817
01:02:14.280 --> 01:02:17.800
I'm not sure when that's supposed to
happen, but it's in the works.
818
01:02:19.079 --> 01:02:23.760
Wow. Carvana shares surged over thirty
three percent after they notched its best
819
01:02:24.000 --> 01:02:29.320
ever quarterly earnings reports. Man,
that's a stock that's gone from three hundred
820
01:02:29.320 --> 01:02:34.000
and fifty dollars back in twenty twenty
one down to two dollars and what's it
821
01:02:34.039 --> 01:02:37.239
that trading out now about one hundred
and fifteen. What a ride? Yeah,
822
01:02:37.320 --> 01:02:39.280
that that stock has had quite a
ride. I remember living up in
823
01:02:39.320 --> 01:02:44.800
Phoenix and seeing the headquarters of it
and then thinking one of these days they
824
01:02:44.840 --> 01:02:47.400
might just not be there anymore.
But they turned the ship around and it
825
01:02:47.440 --> 01:02:52.199
seems like they are doing well.
And it's interesting because it's not a great
826
01:02:52.280 --> 01:02:57.920
time for used cars. They're still
expensive. They are a little bit down
827
01:02:58.039 --> 01:03:01.920
year over year, but you're talking
after they increased by fifteen percent, so
828
01:03:02.239 --> 01:03:06.320
it's it's not a huge When when
was it that we were having the chip
829
01:03:06.360 --> 01:03:09.639
shortage for all the for cars.
It's about the later part of twenty twenty
830
01:03:09.639 --> 01:03:15.480
two. Okay, yeah, so
we also had st Lauder. They they
831
01:03:15.480 --> 01:03:21.519
continue to drop tried to try to
build a base, but they reported disappointing
832
01:03:21.559 --> 01:03:25.320
guidance UH for the fiscal fourth quarter
of the company. Again, sd Lauder
833
01:03:25.400 --> 01:03:30.440
is one of those beauty and skincare
conglomerates, you know, exposure to China.
834
01:03:30.840 --> 01:03:34.679
Yeah, oh, didn't know that, so that you know, again
835
01:03:34.800 --> 01:03:37.320
anything related to China sales has not
been doing great, and when you have
836
01:03:37.400 --> 01:03:43.119
that sector of your market, it's
it's hard to have the other sides make
837
01:03:43.199 --> 01:03:46.280
up for it. Amazon reported UH. They reported strong first quartered profit and
838
01:03:46.400 --> 01:03:52.760
revenue beats UH. The tech giant
added one point three percent onto its on
839
01:03:52.880 --> 01:03:55.960
its earnings and revenue grew twenty four
percent in the first quarter. It's really
840
01:03:57.000 --> 01:03:59.760
the Amazon Web Service, and it's
for people who don't know what this is.
841
01:03:59.800 --> 01:04:03.440
It's like a cloud for businesses.
It's a way for businesses to access
842
01:04:03.480 --> 01:04:08.599
a lot of data and a lot
of I guess for lack of better work
843
01:04:08.639 --> 01:04:14.360
services that they need to use for
business purposes. And it really facilitates some
844
01:04:14.760 --> 01:04:18.079
business transactions and dealings. So AWS. You know, I think you saw
845
01:04:18.119 --> 01:04:23.440
some of the commercials during the NFL
of how a NFL was using AWS and
846
01:04:23.480 --> 01:04:27.280
you can and they're really the only
reason they make those commercials is kind of
847
01:04:27.599 --> 01:04:30.840
to show business owners what they could
be doing with their business and all the
848
01:04:30.880 --> 01:04:33.000
stats and data and how it could
help them be a better business. And
849
01:04:34.159 --> 01:04:39.519
they do a great job of visual
making it a visual you know, visualizing
850
01:04:39.760 --> 01:04:42.800
what Amazon Web Services is. You
said that you have a lack of a
851
01:04:42.800 --> 01:04:45.079
better word for AWS, Well,
go watch a commercial and you'll figure out
852
01:04:45.119 --> 01:04:48.079
what it is pretty quickly. Yes, they have a really good marketing team
853
01:04:48.159 --> 01:04:55.400
and AWS is going to benefit drastically
by the AI implementation because really, what
854
01:04:55.880 --> 01:04:59.960
a WS is is showing you here
is the optimal way to do something.
855
01:05:00.480 --> 01:05:03.760
Well, AI can run thousands of
simulations like that for you and show you
856
01:05:03.840 --> 01:05:08.079
these optimal waves. What other cool
things can AI do? We were playing
857
01:05:08.079 --> 01:05:10.199
with it in an office here a
little bit this week. Yeah, we
858
01:05:10.199 --> 01:05:13.039
were. It was a It was
an amazing thing. I was watching It
859
01:05:13.159 --> 01:05:15.559
was Wednesday and Federal Reserve, you
know, Chairman Powell was talking and I
860
01:05:15.599 --> 01:05:19.480
was on Twitter and there was this
interesting video and it was a rap song
861
01:05:19.559 --> 01:05:25.360
of Jerome Powell rap into this uh
this jazz beat about how he's holding rates
862
01:05:25.360 --> 01:05:27.280
for the rest of the year.
I thought it was so funny. Obviously
863
01:05:27.280 --> 01:05:30.639
it wasn't Jerome Powell rapping. It
was some AI generated song. And so
864
01:05:30.679 --> 01:05:33.000
what I did is looked up,
okay this this this site that they did
865
01:05:33.039 --> 01:05:36.679
it on was called Puno dot com
s u n o dot com and anyone
866
01:05:36.719 --> 01:05:40.559
can go there. It's free and
you get five free songs a day.
867
01:05:40.599 --> 01:05:44.079
And so what you do is you
can just type in create a country song
868
01:05:44.119 --> 01:05:47.039
about Dave driving in his tesla,
for example, and it created a whole
869
01:05:47.079 --> 01:05:50.239
song about Dave driving in his tesla, how he's not going to the play.
870
01:05:50.239 --> 01:05:55.119
I mean, the lyrics were great, they really were. And it's
871
01:05:55.119 --> 01:05:58.760
one of those things that you just
realized the capability. I mean, it
872
01:05:58.880 --> 01:06:02.159
created a whole song, the whole
lyrics, whole beat, different melodies in
873
01:06:02.239 --> 01:06:06.119
five seconds. It was incredible.
Dave was blown away. He was sharing
874
01:06:06.159 --> 01:06:10.039
the song with all of his family
members. I mean, it really was
875
01:06:10.800 --> 01:06:14.760
one of those like Aha moments that
we had in this office. Because you
876
01:06:14.800 --> 01:06:17.880
can do this with music videos,
you can do with just music lyrics poems.
877
01:06:17.920 --> 01:06:21.159
We already know you can do it
with papers and articles and things like
878
01:06:21.199 --> 01:06:25.880
that, but you realize this type
of technology is gonna be in your phone,
879
01:06:26.599 --> 01:06:29.000
you know what I mean, And
we're all gonna want that phone.
880
01:06:29.719 --> 01:06:33.360
And that's why again I think Apple
saw a huge increase in their stock this
881
01:06:33.400 --> 01:06:38.360
week because people are waking up to
that. When people when these new iPhones
882
01:06:38.400 --> 01:06:41.519
come out with the AI capability in
them, you're not gonna want to be
883
01:06:41.559 --> 01:06:44.320
the one with without that type of
phone. I mean, this is the
884
01:06:44.360 --> 01:06:48.119
biggest change that happened to smart phones
really since you know, I guess the
885
01:06:48.119 --> 01:06:54.000
home button went away. Right.
I'm wondering if, like artists or anything,
886
01:06:54.159 --> 01:06:59.840
not paints or not paints, but
music artists, if they're gonna be
887
01:06:59.840 --> 01:07:02.920
able to monetize off of this.
Just because we were trying to put in
888
01:07:02.920 --> 01:07:06.559
a put put in a song and
we were said to have Lil Wayne rap
889
01:07:06.599 --> 01:07:11.639
it, yeah, but he wasn't
able to because it's obviously a copyright issue,
890
01:07:11.719 --> 01:07:15.800
Right, Will will Wayne be able
to sell that to old? Then?
891
01:07:15.840 --> 01:07:18.280
I was thinking like this, right, Taylor Swift songs, they're all
892
01:07:18.400 --> 01:07:21.280
kind of the same, right,
I mean, you can listen to five
893
01:07:21.400 --> 01:07:25.639
Taylor Swift songs about breakup, and
they all got different melodies, they all
894
01:07:25.679 --> 01:07:29.039
got different kind of lyrics and hooks, but they're all about the same type
895
01:07:29.079 --> 01:07:30.440
of meaning. And it's a breakup, right. So, I mean,
896
01:07:30.480 --> 01:07:33.199
if Taylor Swift was a business lady, she just says, hey, make
897
01:07:33.280 --> 01:07:36.480
five songs for me, I'll say
I made them. They're gonna listen to
898
01:07:36.519 --> 01:07:41.280
them like I made them. I
just made five songs in the course of
899
01:07:41.320 --> 01:07:44.519
a minute instead of taking a week
to make one. I mean, if
900
01:07:44.519 --> 01:07:47.559
Taylor Swift's more credit, potentially,
potentially, that's what we're talking about.
901
01:07:47.840 --> 01:07:51.679
Totally. It is a really interesting
space. And then I was I was
902
01:07:51.679 --> 01:07:56.119
playing with an image generator the other
day. That was pretty interesting. You
903
01:07:56.119 --> 01:08:00.639
could say, hey, show me
a football field that's in Tucson, Arizona,
904
01:08:00.880 --> 01:08:03.039
and the team colors are red and
blue, and it will put a
905
01:08:03.079 --> 01:08:05.760
great picture out for you in a
matter of seconds. Yeah, I mean
906
01:08:05.800 --> 01:08:10.199
this, This pseudo dot com created
an album picture for you in the matter
907
01:08:10.239 --> 01:08:13.880
of sex and section seconds based on
the song. Right. It was.
908
01:08:14.480 --> 01:08:16.720
It was a really cool thing.
And and it's going to be interesting where
909
01:08:16.760 --> 01:08:19.880
this takes this because the use cases
are just now being discovered and they're going
910
01:08:19.920 --> 01:08:24.159
to continue to be discovered. So
it's it's been a real fun time in
911
01:08:24.159 --> 01:08:27.000
the office experience some of these new
things. We talked a little bit about
912
01:08:27.039 --> 01:08:31.680
AMD again. They they reported really
bad earnings, well not terrible, but
913
01:08:32.000 --> 01:08:35.680
bad enough for investors really not to
like what's going on because they really should
914
01:08:35.720 --> 01:08:40.359
be killing it with the whole semiconductor
AI craze that's going on right now.
915
01:08:40.520 --> 01:08:43.319
But I guess they just don't have
the type of chips that investors want to
916
01:08:43.359 --> 01:08:46.800
see them producing or selling. Another
company like this is Intel, right,
917
01:08:46.920 --> 01:08:50.279
Not all semiconductor companies are created equal. We know that you can see a
918
01:08:50.279 --> 01:08:55.279
Texas Instruments versus in the video as
a completely different story. Right, So
919
01:08:55.560 --> 01:09:00.079
the type of semiconductor company makes is
of drastic different and the type of value
920
01:09:00.359 --> 01:09:04.520
proposition or type of value projection you
should be pricing in on the type of
921
01:09:05.279 --> 01:09:09.880
that type of stock. AMD is
primarily what with the gaming industry, correct,
922
01:09:10.760 --> 01:09:14.680
That's what their just ships are based
for a little bit. Yeah,
923
01:09:14.680 --> 01:09:16.520
they're more on the graphic side of
things, I guess you could say.
924
01:09:17.000 --> 01:09:25.000
Yeah. Peloton shares dropped two point
five percent on Thursday after the exercise equipment
925
01:09:25.199 --> 01:09:30.119
company announced Thursday that CEO Barry McCarthy
will be stepping down and that the company
926
01:09:30.159 --> 01:09:32.560
will lay out fifteen percent of its
staff. I feel like that CEO just
927
01:09:32.640 --> 01:09:36.399
took over Peloton like a year ago. I thought that it would have been
928
01:09:36.479 --> 01:09:41.039
good news because I don't think that
the CEO is doing anything. Yeah,
929
01:09:41.079 --> 01:09:45.880
well, and I don't really know
that I like the business model there.
930
01:09:45.680 --> 01:09:48.560
We'll see if it can contend you. Qualcom shares were up big on Thursday,
931
01:09:48.680 --> 01:09:55.520
ten percent after the chip maker on
Wednesday posted earnings per share that beat
932
01:09:55.560 --> 01:10:00.640
analyst expectations. The top end of
quack COM's revenue forecast for the core was
933
01:10:00.720 --> 01:10:05.199
higher than the streets expectations, with
the company citing demand for smartphones that require
934
01:10:05.359 --> 01:10:11.800
the most advanced chips. Sounds familiar. Yeah, a company that we're all
935
01:10:11.800 --> 01:10:15.279
familiar with, is that. Wayfair
home furniture retailer jumped seventeen percent after beating
936
01:10:15.319 --> 01:10:19.279
expectation on both lines. Wayfair said
it lost thirty two cents per share on
937
01:10:19.319 --> 01:10:27.359
an adjusted basis, but overall revenue
came in above expectations. So a little
938
01:10:27.399 --> 01:10:31.720
interesting. Time to see consumer discretionary
stock like Wayfair do so well. Consumer
939
01:10:31.760 --> 01:10:35.079
discretionary again being the things that you
don't need to be buying but you do
940
01:10:35.159 --> 01:10:41.880
anyway, we're I have I bought
a patio set for fairly cheap on there,
941
01:10:41.960 --> 01:10:44.479
so I mean, if consumers are
looking for a cheaper place to go,
942
01:10:45.039 --> 01:10:48.119
it could make sense unflator prices across
the board wayfair let's find it.
943
01:10:49.079 --> 01:10:54.840
You know, we at the beginning
of the show, we had the whole
944
01:10:54.960 --> 01:11:00.479
discussion about annuities and what they mean. The biggest thing to keep in is
945
01:11:00.479 --> 01:11:05.000
the financial plan. You have to
understand how investments, safe money, annuities,
946
01:11:05.079 --> 01:11:09.239
bonds, if you have all of
them, they work in a certain
947
01:11:09.319 --> 01:11:14.800
vehicle in a certain way to help
your vehicle get to the end of the
948
01:11:14.920 --> 01:11:17.800
road. Everyone's got a different finish
line than they want to cross. How
949
01:11:17.840 --> 01:11:21.000
you cross it and how well you
cross it is going to depend on the
950
01:11:21.039 --> 01:11:26.439
decisions you make today. The only
way you can prepare properly is to really
951
01:11:26.520 --> 01:11:29.880
go into a financial plan and plan
for all the what if scenarios. And
952
01:11:29.920 --> 01:11:33.760
if you're not planning for those we
if scenarios, you could experience some issues
953
01:11:33.920 --> 01:11:38.960
with liquidity. That's the biggest thing
to keep in mind with financial planning.
954
01:11:39.279 --> 01:11:43.760
When you're going through the decumulation phase. That's after you retire and you've accumulated
955
01:11:43.800 --> 01:11:47.159
that nest egg and now you're going
through the distribution phase. It is important
956
01:11:47.159 --> 01:11:51.319
to understand that. Thank you for
everyone listening to this week's edition of Money
957
01:11:51.319 --> 01:11:57.000
Matter Show. We'll be back for
another segment right after the break. Welcome
958
01:11:57.000 --> 01:11:59.359
back to the Money Matter Show.
My name is Todd Glick. I'm here
959
01:11:59.359 --> 01:12:04.399
with Dan Green and Sebastian Borsini.
This week was a fun one. A
960
01:12:04.439 --> 01:12:09.840
lot of volatility. Started off on
Tuesday, selling off, finished the week
961
01:12:09.840 --> 01:12:14.600
with a big rally on Friday thanks
to a weaker than expected labor report,
962
01:12:15.239 --> 01:12:18.039
finish the week higher, and we
are still stuck in this trading range.
963
01:12:18.079 --> 01:12:20.239
Going to be interesting to see if
we can pop out of it next week.
964
01:12:20.279 --> 01:12:25.600
Don't have any real big economic reports
next week, really no big earnings
965
01:12:25.640 --> 01:12:29.279
reports, I guess, other than
Berkshire, which really doesn't influence markets,
966
01:12:29.920 --> 01:12:33.199
So it's going to be a semi
quiet week next week. Well, talk
967
01:12:33.239 --> 01:12:36.960
about the process, because when the
markets go down, a phone drawing a
968
01:12:36.960 --> 01:12:41.000
lot, yes they do. People
coming to us, the people that want
969
01:12:41.039 --> 01:12:44.359
to know how this all works.
Why don't you explain the process of how
970
01:12:44.399 --> 01:12:46.880
we go through the whole thing with
the financial plan to the money management,
971
01:12:46.920 --> 01:12:51.800
to actually taking their portfolio, evaluating
it, looking at it, see if
972
01:12:51.840 --> 01:12:58.680
there's stuff that's overlapping, and then
and give them a real good sense of
973
01:12:58.680 --> 01:13:02.279
where they're at. Yeah. I
mean most people when they get in here,
974
01:13:01.600 --> 01:13:06.119
they're predominantly getting here because they don't
like that someone is saying, just
975
01:13:06.159 --> 01:13:11.000
sit there and wait it out.
Markets are always going to be higher.
976
01:13:11.000 --> 01:13:12.880
Sure, we know they're always going
to be higher, but you can take
977
01:13:12.880 --> 01:13:15.279
tactical approaches. So when you want
someone to take a tactical approach, it
978
01:13:15.479 --> 01:13:20.159
matters first to go through a financial
plan, because someone can only really manage
979
01:13:20.159 --> 01:13:24.800
something if they understand what you got
going on in all assets of your financial
980
01:13:24.800 --> 01:13:28.680
life. The plot that matters the
most there is the age with people.
981
01:13:29.439 --> 01:13:32.760
You know, when they talk about
and we hear this from our clients to
982
01:13:33.039 --> 01:13:41.479
our prospects to begin with, is
the fact that people don't worry it's going
983
01:13:41.520 --> 01:13:45.720
to come back, and then sometime
it does come back. But when you're
984
01:13:45.720 --> 01:13:48.319
telling a sixty five seventy seventy five
eighty year old person, don't worry it's
985
01:13:48.359 --> 01:13:54.279
going to come back, and they're
actually living on that money. It's scary,
986
01:13:55.319 --> 01:13:58.880
all right, And so depending on
what you're living on or what you're
987
01:13:59.359 --> 01:14:01.920
not living on is very important when
you set up that portfolio. And that
988
01:14:02.000 --> 01:14:08.560
is why we actually involved with the
portfolio. We actually manage the money so
989
01:14:08.600 --> 01:14:14.000
we can quickly change as different things
change for people. I think one of
990
01:14:14.000 --> 01:14:17.119
the scariest things when somebody comes in
and we look at their portfolio, we
991
01:14:17.159 --> 01:14:21.520
take their risk score and we put
their actual portfolio into the risk analyzing tool.
992
01:14:23.039 --> 01:14:26.560
Is okay, they come back at
a sixty, you know, risk
993
01:14:26.600 --> 01:14:29.359
being zero one hundred. They come
back with a sixty and their portfolio is
994
01:14:29.359 --> 01:14:32.880
sitting in a ninety. This needs
to be changed immediately, right right.
995
01:14:32.960 --> 01:14:38.760
But also I mean when someone's coming
in the first step is to understand how
996
01:14:38.880 --> 01:14:43.399
risky they want to be, because
also, as Deane says, with age,
997
01:14:44.199 --> 01:14:46.560
sometimes someone can say, hey,
I'm super risk averse. But if
998
01:14:46.560 --> 01:14:49.800
you're twenty years old, it doesn't
matter. You need to be super aggressive
999
01:14:50.439 --> 01:14:55.079
and it's just coaching yourself through why
that is. We had a perfect example
1000
01:14:55.119 --> 01:14:57.039
is this week we had a thirty
five year old and an eighty five year
1001
01:14:57.039 --> 01:15:00.800
old come in and do a financial
plan. One person thirty five year old
1002
01:15:00.840 --> 01:15:03.399
obviously did not have a lot of
assets, just basically started out, And
1003
01:15:03.439 --> 01:15:09.159
I was telling them what you should
want is market drops because when the market's
1004
01:15:09.239 --> 01:15:13.680
dropping, you're buying in at lower
prices. You have forty years of growth
1005
01:15:13.680 --> 01:15:15.560
ahead of you. You need it, right, so you want the markets
1006
01:15:15.600 --> 01:15:18.520
to go lower. So what I'm
telling people when they're thirty five to forty
1007
01:15:18.520 --> 01:15:23.039
five is, hey, change that
mentality of saying when markets go lower,
1008
01:15:23.039 --> 01:15:27.119
that's actually an opportunity, and when
markets are higher, that's actually maybe a
1009
01:15:27.159 --> 01:15:30.279
time to be a little less cautious
or or or you know what I mean,
1010
01:15:30.359 --> 01:15:33.000
or a little more cautious, Whereas
on the other side with the eighty
1011
01:15:33.039 --> 01:15:36.640
five year old, you're saying,
you can't be this aggressive. You have
1012
01:15:36.720 --> 01:15:41.960
to be more conservative because you don't
have the time to make up if we
1013
01:15:42.079 --> 01:15:46.239
experience a large drop. And that's
the biggest thing we all need to consider
1014
01:15:46.560 --> 01:15:53.239
when going through a financial plan.
So the first thing to understand is to
1015
01:15:53.399 --> 01:15:57.319
look at the whole picture. And
so when we're looking at the whole picture,
1016
01:15:57.479 --> 01:16:00.560
we're looking at cash flow and liquidity. The first thing to look at
1017
01:16:00.920 --> 01:16:04.800
is when you come in, we're
looking at all your investment assets, all
1018
01:16:04.880 --> 01:16:09.239
of where your stocks are located and
what type of accounts they're located in.
1019
01:16:09.880 --> 01:16:13.399
Then after we go through the financial
plan, we send it to you and
1020
01:16:13.439 --> 01:16:17.079
we send you a risk tolerance questionnaire. That risk tolerance questionnaire is going to
1021
01:16:17.119 --> 01:16:21.359
be an actual report that you're going
to fill out and give you a score
1022
01:16:21.399 --> 01:16:25.760
from one to one hundred. It
can be one hundred being the most aggressive
1023
01:16:25.760 --> 01:16:29.800
and one being the most conservative based
on where you fall on that spectrum.
1024
01:16:29.920 --> 01:16:32.760
We then take that risk level and
build you a proposal because what's in the
1025
01:16:32.800 --> 01:16:36.239
financial plan is your goals and objectives. Again, for a thirty five year
1026
01:16:36.279 --> 01:16:40.239
old, it's kind of hard to
know what kind of goals and objectives you
1027
01:16:40.279 --> 01:16:43.359
want to accomplish when you retire,
But for an eighty five year old,
1028
01:16:43.359 --> 01:16:45.239
it kind of becomes a little more
crystal clear on exactly what you want to
1029
01:16:45.279 --> 01:16:48.359
do. So sometimes with the thirty
five year old's proposal, there's a lot
1030
01:16:48.399 --> 01:16:54.439
more hypotheticals than an eighty five year
old's proposal, but each person gets one.
1031
01:16:55.000 --> 01:16:58.359
We understand that for a thirty five
there's a lot more changing variables over
1032
01:16:58.399 --> 01:17:01.960
time, but for an eighty five
year old, there's a lot less time
1033
01:17:02.800 --> 01:17:08.560
as a whole, so you have
to manage the variables more conservatively. And
1034
01:17:08.600 --> 01:17:12.399
so when we actually take over the
plan, we're showing you in the proposal,
1035
01:17:12.920 --> 01:17:16.359
how we would be managing the assets, what indexes we're using, and
1036
01:17:16.640 --> 01:17:21.920
how we are going to be selling
out of those stocks or ETFs mutual funds
1037
01:17:21.920 --> 01:17:27.760
that you're currently in and reallocating it
to the ones that we use. It's
1038
01:17:27.760 --> 01:17:32.039
not necessarily that we're changing the asset
allocation. It could be that we're just
1039
01:17:32.119 --> 01:17:36.119
changing the type of vehicles we're in
from mutual funds to ETFs because it being
1040
01:17:36.199 --> 01:17:42.760
more cost effective or being more diversified. And that's really the thing that we're
1041
01:17:42.760 --> 01:17:46.640
looking at from the high level overview, from financial planning to the proposal to
1042
01:17:46.920 --> 01:17:53.319
actual money management of things. And
you know, why don't people want to
1043
01:17:53.359 --> 01:17:57.279
come in and do a financial plan
because it's scant. They don't think they
1044
01:17:57.319 --> 01:18:00.000
have enough money, they don't think
that they understand it, they don't think
1045
01:18:00.039 --> 01:18:05.239
that they're too old or the too
young. There's never a bad time to
1046
01:18:05.399 --> 01:18:10.279
start. The financial planning tools today
are so much different than the way they
1047
01:18:10.319 --> 01:18:13.720
were, and that's why we've gotten
really into it over the last five six
1048
01:18:13.800 --> 01:18:16.880
years or so of doing that first, because it allows us to understand the
1049
01:18:17.039 --> 01:18:23.560
entire picture of helping somebody. Even
if the assets aren't all with us,
1050
01:18:23.800 --> 01:18:28.560
at least we know we're not overlapping
them with somebody else, and we're able
1051
01:18:28.600 --> 01:18:33.880
to diversify and make sure that they're
not over allocated into one area or another.
1052
01:18:34.399 --> 01:18:38.680
With that said, we always go
ahead, and you've heard us say
1053
01:18:38.680 --> 01:18:43.479
it a thousand times that we do
these financial plans for people for free.
1054
01:18:43.800 --> 01:18:46.680
The complimentary You come in, you
get, we tell you what we need,
1055
01:18:47.039 --> 01:18:49.239
we sit down, we go over
with it. It's a two three
1056
01:18:49.319 --> 01:18:54.039
four meeting deal. When we go
ahead and we give you suggestions, you
1057
01:18:54.079 --> 01:18:57.359
either can do them or don't do
them. And sometimes we can't help you
1058
01:18:57.439 --> 01:19:01.319
because you're already fine perfect. Sometimes
we can help you. Sometimes it's just
1059
01:19:01.359 --> 01:19:05.119
a matter of putting everything together so
they're in one spot. There's a lot
1060
01:19:05.159 --> 01:19:09.840
of different things that happen, but
the biggest thing we're trying to concentrate on
1061
01:19:09.920 --> 01:19:14.520
now going forward, as you know, is it's tax efficiency, very very
1062
01:19:14.520 --> 01:19:18.399
important going forward. One of the
coolest things about this financial plan is the
1063
01:19:18.439 --> 01:19:24.079
tax planning tool in the financial planning
software. What this allows us to do
1064
01:19:24.520 --> 01:19:27.880
is we can look at a Wrath
conversion and tell hey, is this actually
1065
01:19:27.920 --> 01:19:30.520
going to save us money over the
course of the plan. And there's a
1066
01:19:30.560 --> 01:19:32.600
lot of variables that can change that
course of the plan. It could be
1067
01:19:32.640 --> 01:19:36.720
things like how long are you going
to live, what type of investment returns
1068
01:19:36.720 --> 01:19:42.039
are we going to experience, and
that dictates how much potential tax savings you
1069
01:19:42.039 --> 01:19:45.920
could experience for a Roth conversion.
Does a qualified charitable distribution make sense?
1070
01:19:45.239 --> 01:19:50.760
Does taking distributions out of your accounts
retirement accounts first before taxable accounts make non
1071
01:19:50.760 --> 01:19:54.960
taxable accounts make sense? Right?
So there's a lot of you know,
1072
01:19:55.199 --> 01:19:59.079
playing on what type of vehicles you're
pulling from and how that can save you
1073
01:19:59.119 --> 01:20:02.159
on taxes, especially with what we're
going to be potentially experiencing at the end
1074
01:20:02.199 --> 01:20:05.880
of twenty twenty five with the ending
of the Trump tax law. If Trump
1075
01:20:05.920 --> 01:20:11.039
doesn't get in, it's likely going
to get verted right back and all tax
1076
01:20:11.079 --> 01:20:14.840
brackets are going to get increased by
around two percent across the board, and
1077
01:20:15.199 --> 01:20:17.840
potentially the estate tax can be lowered
as well. We have John on all
1078
01:20:17.880 --> 01:20:23.960
the time talking about how doing estate
planning now is crucial. Doing tax planning
1079
01:20:23.960 --> 01:20:28.239
now is crucial because there's an opportunity
over these next two years that potentially is
1080
01:20:28.279 --> 01:20:33.279
not going to be there for a
very long time. So as we look
1081
01:20:33.319 --> 01:20:36.640
through the rest of the quarterly reports, we've had a lot of them throughout
1082
01:20:36.640 --> 01:20:40.279
the week. Dean, how about
that Carbono we were talking about the last
1083
01:20:40.279 --> 01:20:45.159
segment just killing what's amazing? It
was almost going bankrupt right, Okay,
1084
01:20:45.199 --> 01:20:48.000
they were talking about it, you
know what, not even seven eight months
1085
01:20:48.039 --> 01:20:50.920
ago, and they've turned that ship. They turned it around. Good for
1086
01:20:51.000 --> 01:20:56.840
them. You know, Zillow's a
company that's experiencing some sliding of the stock
1087
01:20:56.880 --> 01:21:01.119
pricing, issued weak guidance and the
core did not come in what analysts wanted
1088
01:21:01.119 --> 01:21:05.279
to see. Zilla is one of
those weird companies that's like do they do
1089
01:21:05.359 --> 01:21:09.039
good when real estate is doing good? Or like, how do they actually
1090
01:21:09.039 --> 01:21:11.880
make their money money? Because you
know, you just go to Zillow to
1091
01:21:11.880 --> 01:21:15.479
see your house price. You don't
actually go, you know, then to
1092
01:21:15.520 --> 01:21:18.439
buy a house on zillo. It
doesn't cost money to list your house,
1093
01:21:19.279 --> 01:21:24.640
right it just shows up anyways,
So it is an interesting thing to see
1094
01:21:24.680 --> 01:21:29.000
how they make their money in general. But overall, Dean, what we're
1095
01:21:29.000 --> 01:21:31.680
looking at with these indexes is kind
of a trading range. I know,
1096
01:21:31.720 --> 01:21:36.439
you talked about how potentially we're gonna
peak in June just for time being.
1097
01:21:36.600 --> 01:21:41.159
I mean, it's gonna depend what
happens in the fourth quarter, but I
1098
01:21:41.239 --> 01:21:43.720
you know, because eventually they're going
to lower rates in the markets are going
1099
01:21:43.720 --> 01:21:46.920
to rally from there. But they
hope they lower in the rates for the
1100
01:21:46.960 --> 01:21:50.640
right reasons, and I hope it's
because inflation has come down and they want
1101
01:21:50.640 --> 01:21:55.640
to go ahead and be able to
keep the economy going the way it has.
1102
01:21:55.880 --> 01:21:58.720
So we don't see too too much
of a slow down. Yeah,
1103
01:21:59.239 --> 01:22:01.399
well again, and we'll talk about
the fact that, you know, what
1104
01:22:01.439 --> 01:22:08.039
we saw throughout the week was a
lot of volatility. A lot of it
1105
01:22:08.079 --> 01:22:12.840
has to do with Jerome Powell not
saying that he's going to cut rates by
1106
01:22:12.840 --> 01:22:15.960
the end of twenty twenty four and
not saying that he's not going to cut
1107
01:22:15.039 --> 01:22:19.640
rates. He's kind of said nothing
in this week. So now all investors
1108
01:22:19.680 --> 01:22:24.079
are just going to be looking towards
the June meeting and that's where they're going
1109
01:22:24.159 --> 01:22:27.600
to get out their latest dot plot
points. And so for those who don't
1110
01:22:27.600 --> 01:22:30.520
know, every two months, the
Federal Reserve releases their dot plots, and
1111
01:22:30.560 --> 01:22:35.479
those are basically expectations of all the
Fed members where they think interest rates are
1112
01:22:35.520 --> 01:22:39.399
going to be six months, one
year, two years, three years out.
1113
01:22:39.560 --> 01:22:43.720
And that really helps the market gauge
where they think market rates are going
1114
01:22:43.800 --> 01:22:47.119
to be. So the June meeting
has a lot of big impact on financial
1115
01:22:47.159 --> 01:22:50.039
markets, but we have a while
till we get there. How normally do
1116
01:22:50.079 --> 01:22:55.720
you see dean markets trading in a
very low news cycle if there's not a
1117
01:22:55.760 --> 01:22:59.199
lot of news coming out now,
they traded a neutral range? Is what
1118
01:22:59.279 --> 01:23:02.920
happens technical All this takes all OFVC
socks go up and down. A lot
1119
01:23:02.920 --> 01:23:05.840
of money's made for there for traders, but not investors. Investors have to
1120
01:23:05.880 --> 01:23:10.439
wait for their opportunities. Uh,
and they come. They do come,
1121
01:23:10.479 --> 01:23:13.520
and there'll be more and there's a
lot of earning still coming out. Uh
1122
01:23:13.600 --> 01:23:16.119
and and over the next couple of
weeks and you'll see opportunities and certain things.
1123
01:23:16.399 --> 01:23:18.840
Obviously one of the ones you could
look at right now is being maybe
1124
01:23:18.840 --> 01:23:23.359
an opportunity, but it's still up
there. Meta you know, uh,
1125
01:23:23.439 --> 01:23:26.439
you know, the big thing would
Meta it ran up hard because of TikTok
1126
01:23:26.520 --> 01:23:30.399
may be going away uh and then
uh, and then who would be left
1127
01:23:30.520 --> 01:23:36.600
is reels and and it came back
incredibly fast. So we'll see if that
1128
01:23:36.680 --> 01:23:41.520
happened. But uh, you know, through my life of investing, it's
1129
01:23:41.560 --> 01:23:45.319
always been looking for things that get
hit that are good quality. Let it
1130
01:23:45.479 --> 01:23:48.279
bought them out a little bit.
Stop getting your feet wet, and then
1131
01:23:48.319 --> 01:23:50.880
it goes from there. Okay,
we'll be right back. We got one
1132
01:23:50.880 --> 01:23:55.119
more segment left. We do appreciate
you listening to the Money, Money Show.
1133
01:23:55.319 --> 01:23:58.520
Welcome back, everybody. We appreciate
you listening to the show. Remember
1134
01:23:59.399 --> 01:24:00.960
if you need to come see us, you need a financial plan, we'll
1135
01:24:00.960 --> 01:24:03.199
do it for you for free.
Just give us a call, get on
1136
01:24:03.239 --> 01:24:08.359
our website, go to the contacts. We'll set it up. We get
1137
01:24:08.399 --> 01:24:11.319
about I don't know, on the
low side, three to five, on
1138
01:24:11.359 --> 01:24:14.039
the high side, eight to ten
a week. So be one of those.
1139
01:24:14.760 --> 01:24:17.680
Well we'll get you in, we
promise, and we'll help you out,
1140
01:24:18.119 --> 01:24:23.640
that's for sure. You know you
talked earlier about the whole Palestan Israel
1141
01:24:23.920 --> 01:24:28.079
protest that we've seen throughout the campus
is We also saw it here on the
1142
01:24:28.199 --> 01:24:30.840
U of A campus this week,
and unfortunately, we also saw the a
1143
01:24:31.039 --> 01:24:35.359
mountain get vandalized and have that Palestine
colors be painted on it, and it
1144
01:24:35.399 --> 01:24:41.039
was restored Wednesday afternoon. But seeing
that it happened here in the hometown,
1145
01:24:41.439 --> 01:24:44.119
it kind of makes me want to
say something about it as well, because
1146
01:24:44.159 --> 01:24:48.039
I'm part of I'm on the board
of the Jewish organization and understand what they're
1147
01:24:48.079 --> 01:24:53.840
doing in the lights of all this, and they have gone to Jewish I
1148
01:24:53.880 --> 01:24:56.840
am part Jewish, but you know, they went to the city hall and
1149
01:24:56.880 --> 01:25:01.640
they tried to advocate for the people
on the other side, very respectively.
1150
01:25:01.920 --> 01:25:05.479
How you do it the right way? Went to city hall and all the
1151
01:25:05.520 --> 01:25:12.880
people in Palestine colors wouldn't even let
them pass into the hall itself, to
1152
01:25:12.960 --> 01:25:15.000
the point where Ried was so scared
to even get out of the car.
1153
01:25:15.239 --> 01:25:19.439
She didn't even feel safe enough to
even bring one of the Holocaust survivors that
1154
01:25:19.560 --> 01:25:25.079
was going to advocate, and told
her to put away her Jewish star because
1155
01:25:25.119 --> 01:25:30.600
it's potentially of threat and an issue
to walk past these people with that out.
1156
01:25:30.199 --> 01:25:34.720
What we are experiencing here is tragic, but more than anything, it's
1157
01:25:34.760 --> 01:25:44.640
idiotic because these people can't do anything. No municipality has any foreign control over
1158
01:25:44.680 --> 01:25:49.640
anything. They don't make any international
decisions city municipality, even state municipalities.
1159
01:25:50.039 --> 01:25:55.560
That's left up to the federal government. So having they're trying to sew division,
1160
01:25:55.600 --> 01:25:59.600
that's what they're trying to get municipalities
and colleges to go ahead and and
1161
01:25:59.800 --> 01:26:03.319
and be their mouth piece. They
wanted Tucson City government to come out and
1162
01:26:03.359 --> 01:26:08.520
say we are we want a ceasefire
between Israel and Hamas. What does Tucson
1163
01:26:08.600 --> 01:26:12.520
City government coming out and saying that
do for anyone? It does not even
1164
01:26:12.600 --> 01:26:15.520
nothing. It's like, why are
they even saying that when they don't even
1165
01:26:15.560 --> 01:26:18.800
really understand it that it goes beyond
that nobody wants a war. Okay,
1166
01:26:18.880 --> 01:26:25.159
Has anyone come out and and and
and went ahead and protested against Russia they're
1167
01:26:25.159 --> 01:26:30.359
invading and killing civilians in Ukraine?
Not one person. So I go back
1168
01:26:30.359 --> 01:26:34.000
to the question I asked in my
monologue, why do people hate Jews?
1169
01:26:34.960 --> 01:26:41.960
What have Jews done two people?
They've never attacked anyone. They actually have
1170
01:26:42.079 --> 01:26:47.359
a great culture. They believe in
helping people. Some reason, I don't
1171
01:26:47.439 --> 01:26:53.319
understand why these Jews are democratic and
liberal because they get smacked in the face
1172
01:26:53.720 --> 01:26:59.359
all the time. I don't get
it. I don't get the American people
1173
01:27:00.560 --> 01:27:05.239
talking about anything other than free the
hostages so we can get a cease fire.
1174
01:27:06.039 --> 01:27:12.000
Those wards mean something, free the
hostages and we'll seize fire. Don't
1175
01:27:12.039 --> 01:27:16.239
ask the people that have been attacked
and killed for the cease fire without the
1176
01:27:16.439 --> 01:27:20.359
terrorists doing something. It ain't against
the Palestinian people. I see a Palestinian
1177
01:27:20.399 --> 01:27:25.880
person, I see a Middle East
properson. I don't look at anything different.
1178
01:27:27.199 --> 01:27:30.720
But if you cross me, I
want to plant your flag on my
1179
01:27:30.880 --> 01:27:33.680
property. We got a problem,
my friend, we got a real problem.
1180
01:27:33.720 --> 01:27:38.279
And if you don't want civilians being
killed, guess what. Be mad
1181
01:27:38.279 --> 01:27:42.760
at the United States government because we're
funding war across the world. We're funding
1182
01:27:42.800 --> 01:27:45.560
war, because we're giving money Ukraine, which has kept that war going.
1183
01:27:45.720 --> 01:27:48.840
We're funding both sides of this,
Israel and Hamas thing, which is going
1184
01:27:48.920 --> 01:27:54.199
to keep that war going. I
saw a sign that one of these you
1185
01:27:54.359 --> 01:27:59.800
of a whoever they were, Poe
say I'm tired of raytheon missils killing civilians.
1186
01:28:00.199 --> 01:28:02.159
Well guess what. Everything else just
making the product they don't control where
1187
01:28:02.159 --> 01:28:09.680
it goes. And the protecting people. That iron dome is protecting people when
1188
01:28:09.760 --> 01:28:13.119
we got bought, when we had
planes running into towers in this country.
1189
01:28:13.199 --> 01:28:16.319
We had no problem demolishing every country
in the Middle East. It's pure ignorance.
1190
01:28:16.520 --> 01:28:20.560
But now that another country's doing it, we're mad at them, but
1191
01:28:20.640 --> 01:28:24.680
we're not mad at ourselves. And
it's not even another country doing it.
1192
01:28:24.840 --> 01:28:30.319
They're actually defending themselves, that's all. They're defending their cells with everybody around
1193
01:28:30.359 --> 01:28:36.359
them with hate. Okay, but
there's so much it. We We've talked
1194
01:28:36.359 --> 01:28:40.760
about it all the time, but
I'm not you know what the wars being
1195
01:28:40.800 --> 01:28:44.640
fought over, there were supporting the
war, like you're saying both sides.
1196
01:28:45.520 --> 01:28:50.640
The people here protesting. These young
people going to these colleges of such esteem.
1197
01:28:51.119 --> 01:28:55.119
I'm sick of it. I want
to puke. I don't even want
1198
01:28:55.119 --> 01:28:58.800
them being my politicians. It tells
it scares me. You know, growing
1199
01:28:58.880 --> 01:29:00.640
up, you thought the people that
went to all these Ivy League schools in
1200
01:29:00.800 --> 01:29:05.319
Stanford and and all this, that
they really had something going on. They
1201
01:29:05.319 --> 01:29:11.000
were smarter because they had access to
things. They're not. They're horrible.
1202
01:29:11.359 --> 01:29:15.479
I mean, they become a politicians, you know, they think about politicians.
1203
01:29:15.840 --> 01:29:19.399
They come out of where Yeah,
okay, Princeton. These are the
1204
01:29:19.439 --> 01:29:25.239
people that they're learning. This has
been going on for what thirty four They're
1205
01:29:25.239 --> 01:29:30.159
not learning, they're memorizing. They're
memorizing exactly, come and radicalized. And
1206
01:29:30.199 --> 01:29:34.079
that is what America's doing. If
you look at a bigger picture, they
1207
01:29:34.119 --> 01:29:44.600
have infiltraded our colleges, right,
infiltrated a collegians who teach their basically,
1208
01:29:45.239 --> 01:29:48.600
let's let's kill America. You know
they don't. They don't teach critical thinking,
1209
01:29:48.640 --> 01:29:54.199
they teach memorization. But every single
time there's a problem goes back to
1210
01:29:54.840 --> 01:29:58.039
uh, all the problems being before
what was a couple of years ago,
1211
01:29:58.520 --> 01:30:02.520
all the riots George Floyd George Floyd, Bryant's right, BLM right, and
1212
01:30:02.560 --> 01:30:06.199
people were saying all lives matter,
Yes, we want to do something about
1213
01:30:06.239 --> 01:30:10.880
it. But these agitators, the
media, they promoted to the highest.
1214
01:30:10.880 --> 01:30:13.800
Where is that now? What's it
going on? Now? Tell me?
1215
01:30:14.359 --> 01:30:16.640
Because you know what, they're on
to something else, right, they're under
1216
01:30:16.680 --> 01:30:20.920
something else. Let's beat up there. Let's tear down all the statues because
1217
01:30:20.960 --> 01:30:26.880
they were slaves back then. Really, George Washington, you want to take
1218
01:30:26.880 --> 01:30:29.880
down the statue? And you know
what's scary at kids are afraid to actually
1219
01:30:29.920 --> 01:30:33.640
have their own thoughts these days because
they're afraid they're going to be beat for
1220
01:30:33.760 --> 01:30:39.199
having the wrong thought, for actually
just having an open mind, maybe thinking
1221
01:30:39.199 --> 01:30:43.520
about something other than what the status
quo is now. Society needs to get
1222
01:30:43.560 --> 01:30:46.399
tough. I'm glad some people are
fighting back. We got to stop the
1223
01:30:46.439 --> 01:30:50.640
minority taking over. We got to
stop this border. If you think we're
1224
01:30:50.640 --> 01:30:55.560
not infiltrating from this, this is
why you can't vote for Biden. Number
1225
01:30:55.560 --> 01:30:59.920
one reason is our border. Number
one reason, okay, second reason,
1226
01:31:00.159 --> 01:31:05.880
economy. Let's get that fixed.
You cannot keep making changes and putting regulations
1227
01:31:05.920 --> 01:31:11.560
on everything to put businesses out of
business. It's okay for corporations to make
1228
01:31:11.600 --> 01:31:15.000
money. You want them to hire
people. You can't have them losing money.
1229
01:31:15.760 --> 01:31:20.479
They will just go out of business
period. The orchestration of these protests
1230
01:31:20.560 --> 01:31:25.720
really bothers me. I don't like
seeing the pictures of Palestinian kids holding up
1231
01:31:25.720 --> 01:31:29.960
signs to say thank you Yale University, thank you Stanford University. Because they
1232
01:31:29.960 --> 01:31:32.119
didn't make those signs. Who gave
those to them? Who is feeding them?
1233
01:31:32.439 --> 01:31:35.960
Yeah, they don't even know English
words. Obviously, they weren't even
1234
01:31:36.359 --> 01:31:39.840
guys in These are the young people
in my office that are saying this,
1235
01:31:39.880 --> 01:31:43.840
okay, the same people that just
a year or two ago on college campus.
1236
01:31:44.159 --> 01:31:48.000
Right, So there is hope,
There is absolutely hope. The problem
1237
01:31:48.039 --> 01:31:54.279
we have is the media forsters the
left to be able to make these speeches
1238
01:31:54.600 --> 01:32:00.199
under the idea of free speech.
And our president who stands up there and
1239
01:32:00.279 --> 01:32:03.079
yes, he says there's no room
for hate, no room for anti sensitism.
1240
01:32:04.119 --> 01:32:06.479
But yet he's still you know,
it's so great. They'll say,
1241
01:32:06.520 --> 01:32:10.119
hey, you free speech, you
have to let these people speak. But
1242
01:32:10.159 --> 01:32:13.079
then when a Republican person comes on
saying that it's something they don't like,
1243
01:32:13.159 --> 01:32:15.800
let's walk it. That's hate speech. You're you're threatening me. This can
1244
01:32:15.920 --> 01:32:19.279
this person cannot be on campus.
You can't draw along. We can talk
1245
01:32:19.319 --> 01:32:21.600
about this all day long. At
the end of the day, why is
1246
01:32:21.600 --> 01:32:26.039
it important because it hurts her economy
in the long game, sortly, it
1247
01:32:26.119 --> 01:32:29.319
hurts us being doing the things we
need. We care about our economy.
1248
01:32:29.760 --> 01:32:32.760
I care about our economy. Everyone
should care about our economy. And our
1249
01:32:32.760 --> 01:32:39.119
economy is being infiltrated and weaken by
these things that are going on all around
1250
01:32:39.119 --> 01:32:43.279
the world, and our markets go
down, people's pensions go down, people
1251
01:32:43.319 --> 01:32:45.640
won't make the money, and corporations
won't make the money, they won't hire
1252
01:32:45.760 --> 01:32:48.920
people. I don't want to see
that. All right, we are the
1253
01:32:49.000 --> 01:32:53.199
strongest economy in the world. We
need to stay that way. And the
1254
01:32:53.239 --> 01:32:57.720
way we stay that way is to
be strong as a united front and to
1255
01:32:57.840 --> 01:33:02.319
put down the haters of America.
Get rid of them, all right.
1256
01:33:02.479 --> 01:33:06.039
Find out who these agitators are.
Why are they able to be all wrapped
1257
01:33:06.119 --> 01:33:10.319
up. Why aren't they going to
jail. Why aren't they not going to
1258
01:33:10.399 --> 01:33:15.119
jail for the crimes they are committing. Well, a bad taking a Republican
1259
01:33:15.159 --> 01:33:17.640
and sticking my way. You got
all this false crap going on, trying
1260
01:33:17.640 --> 01:33:27.159
to get Trump because he gave some
money to a stripper. Okay, tell
1261
01:33:27.199 --> 01:33:31.319
me a guy that hasn't given money
to a stripper sometimes, Hey, Jesuit,
1262
01:33:32.840 --> 01:33:41.079
maybe you know it's actually legal hush
money. So because whatever happened happened,
1263
01:33:41.159 --> 01:33:45.840
one says yes, one says no. It's a world that is going
1264
01:33:45.960 --> 01:33:47.800
down the drain right now. We
got to stop it. We got to
1265
01:33:47.800 --> 01:33:51.000
move forward. Well, when people
are talking about like we need the economy
1266
01:33:51.039 --> 01:33:56.560
better, yes, but also realize
this the government very fiscally irresponsible. But
1267
01:33:56.600 --> 01:34:00.159
when companies are fiscally irresponsible their stock
price of roads, right, So companies
1268
01:34:00.199 --> 01:34:03.359
is not the government. When that's
why we're bullish on the stock market,
1269
01:34:03.560 --> 01:34:08.399
we're not obviously bullish on the government. They don't know how to work.
1270
01:34:08.439 --> 01:34:13.079
They overspend, right, they go
into debt, right, they borrow everyone
1271
01:34:13.079 --> 01:34:15.680
else's money. It's a Ponzi scheme
with the half the stuff they do with
1272
01:34:15.800 --> 01:34:19.079
Social Security, and they just tax
the hell out of us. But that's
1273
01:34:19.119 --> 01:34:21.800
again, it's like when people are
like, I'm so scared of the government,
1274
01:34:23.039 --> 01:34:26.279
Well, then that's why you should
be putting money in people that actually
1275
01:34:26.319 --> 01:34:29.640
have to make the right decisions.
Those are corporations. They get punished if
1276
01:34:29.640 --> 01:34:31.319
they don't. Well, here's the
deal, guys. We could talk about
1277
01:34:31.319 --> 01:34:33.800
this all day long. I know
a lot of you appreciate that we actually
1278
01:34:33.840 --> 01:34:38.520
bring it up because you know how
we feel. Okay, you know where
1279
01:34:38.520 --> 01:34:42.520
her head's at. You know that
we care and not just about America.
1280
01:34:42.560 --> 01:34:45.399
We care about you. We care
about your portfolios, we care about how
1281
01:34:45.399 --> 01:34:48.000
we do a financial plan. That's
why we bring things up. We don't
1282
01:34:48.119 --> 01:34:55.640
hide. We're not wishy washy.
Okay. Do we have an open mind,
1283
01:34:55.680 --> 01:35:00.039
absolutely, But will I tolerate people
getting hurt by others. No,
1284
01:35:00.439 --> 01:35:04.479
will I tolerate hate? No,
will I tolerate people going ahead and not
1285
01:35:04.600 --> 01:35:11.000
knowing what they're doing? No?
And again before I end, question people,
1286
01:35:11.960 --> 01:35:15.600
why do people hate Jews? See
if there's anybody that really has an
1287
01:35:15.640 --> 01:35:18.560
answer, why do people hate the
Jews. We'll be back next week with
1288
01:35:18.720 --> 01:35:25.479
your money matters. Hopefully we'll have
a lot of this unrest finished and let's
1289
01:35:25.479 --> 01:35:29.119
all be happy as much as we
can. Believe me, we need to
1290
01:35:29.159 --> 01:35:30.800
be healthy, and they get to
the end of the day, let's strive
1291
01:35:30.880 --> 01:35:32.079
to be profitable.
