Nov. 11, 2024

Bull Run Frenzy: Historic Highs, Rate Cuts, and Election Market Moves!

Bull Run Frenzy: Historic Highs, Rate Cuts, and Election Market Moves!

In this episode of Money Matters, brought to you by the Greenberg Financial Group, we unpack the major events shaking up the financial world this week. From the presidential election results and their immediate impact on the markets, to the Federal...

In this episode of Money Matters, brought to you by the Greenberg Financial Group, we unpack the major events shaking up the financial world this week. From the presidential election results and their immediate impact on the markets, to the Federal Reserve’s latest rate cut and why long-term rates remain stubbornly high, we cover it all.

We also dive into the conclusion of earnings season, analyzing current market valuations and what they signal for investors. And for the first time in history, the S&P 500 has soared past the $6,000 mark, with all three major indices hitting record highs. What does this unprecedented growth mean for your financial future? Tune in as we explore strategies to manage risks and adjust your financial plan to thrive in this historic market environment.

If you would like to contact us to learn more about our firm and our process call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com

Transcript
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Good morning, everybody, and it's a great morning here right

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here in Tucson. We had a great week, not only

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in the markets, but in knowing that America actually understands.

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I'm so concerned about where we were thinking where we

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were going. But you know, go back and look at history.

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The pendulum swings too far to one side, the beauty

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of America. We all get to speak, and they spoke

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more than I expected, winning the presidency in a landslide

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pretty much over three hundred and someone who knows where

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it is. I don't know. I don't understand why Arizona

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can't get on board and Nevada and get results in

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I just don't. I mean, I know, the law says well,

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because we have to count everything up too, and they're

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allowed to bring them in all the way up, mail

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in ballots and drop off ballots, all the way to

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seven o'clo. But still it's three, four or five days past.

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Get it done or change it because it doesn't work.

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Could you imagine if we were waiting on Arizona to

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decide who's going to be the president? Wow? And then

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you wonder why people come up with conspiracy theories. You

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wonder why we worry and concerned about the the elections.

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Get it done like every other state. Change the policy

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so we can be done and counted and make us

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accountable to vote. That's all. It's that simple. But forget that.

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Let's move forward. We won the White House. We wanted

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the Senate. I didn't realize. I believe we picked up

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at least four seats already, and it looks like we're

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going to win the House. The good news is this

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time around, he gets it, he unders stands it, and

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hopefully what will happen is that he will end up

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getting things done the way we need to. And he's

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got to realize there's still a lot of people that

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he has to compromise with. Everything doesn't have to be

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one sided, you know, sixty sixty five seventy percent one side,

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twenty thirty percent, a little bit. You gotta give a

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little bit to get through, to get everyone together, and

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that will be great for what we need to do.

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The reaction to Trump winning, you know, everyone took it

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in stride on the one side and people happy, and

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the other side, it's like, are you kidding me? Where

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that's the America? We were going to just think about

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that this safe space stuff to take the time off.

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Who else of the universities. You know, we understand. I

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get it. You don't feel great. You say you lost.

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You're also the ones that also grew up with getting

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trophies for everything you did crying over this. I said

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it before and I'll say it again. They were both

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lying on both sides when they said democracy will be

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gone if it's there, This is gonna happen. If this happens,

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this is gonna happen. I have told you it's gonna

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be about the economy, it's going to be about immigration.

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Then we're gonna move forward everything that most people have

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agreed to. Obviously. Now what is even funny about the Democrats?

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They played a blame game. It's this fault, it's that fault.

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You notice what they do. Let's change the rules. They

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were gonna change the Supreme Court rules. Now they gotta

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be shaking in their boots because there's a chance that

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you'll get one or two more Supreme Court justices on there.

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Then you know what's gonna happen in the next election. Oh,

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this is about the future of America. We need the

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vote so we can change the rules of the Supreme court.

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That's the only thing I don't understand about the left.

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They they are blatantly lied to us. I mean, going

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all the way back to hunted by hunting Biden's laptop

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and so much more, the whole Russian thing with with

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uh with Trump, and then Biden's okay to run. He's great.

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We're out of our minds. You know what you're seeing

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is just Ai fakes two. Kamala is the best person

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since sliced bread. Oh we got a old Oh she's great,

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she's gonna unite it. She's gonna be this. But you

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know what it would have been not only the same

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old stuff, It would have been soft. I've been talking

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to so many people, and you know why Hispanics and

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all my friends had voted safety. The big thing with

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safety was it because she was a black woman, or

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woman or black or any of that stuff. It was

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because they looked at her as being weak and the

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whole Democratic Party as being weak on crime, weak on

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foreign policy. They wanted someone to feel that there's going

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to be some strength and peace through strength. That was

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their number one thing. That was a little surprised because

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the economy is definitely hurting them a little bit, but

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that's where we sit, and now I mean crying scared,

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And so I had to go through this whole scenario

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with my own family, okay, and basically talk about and

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talk her off the ledge. She was so upset. So

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I finally got out of her all the things that

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she was so scared of. And when I've made her

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realize that what she was saying might not be the

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things that are going to happen, like oh, you know

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this whole thing about the women's rights right an abortion himself,

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which has been obviously a big controversy. She believes that

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Trump is going to have a national ban on abortion

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and the women's rights are taken away. I said, how

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many times are you going to listen to this man

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say he's not going to do it. He's not going

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to do a national bard a band on abortion. So

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what he keeps thinking that until he does it. Now

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he's if he switches his mind and he says he's

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going to do that, then that's wrong because he said

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he wasn't going to do it. So why are you

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only believe in what you want to hear from your side,

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not from his side? Project twenty twenty five, twenty twenty

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five right, how many times does he say he doesn't

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even read it, he doesn't even know everything that's in it,

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but yet they still want to believe it. I said,

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write down all the things that you're afraid of. Oh,

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he's going to be like Hitler, which pissed me off

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by the way. I said, you realize you're Jewish, right,

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And Hitler killed millions of Jews. He hasn't killed anybody.

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In fact, people trying to kill him. So she quickly

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got off that subject. Okay, but at the end of

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the day, I said, write it down, dictator, write it down,

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write down all the things. And here's the best. Oh,

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I'm so worried about RFK. He's a whacko. He's this,

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he's that. I said, wait, do you get the information

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from ma Alwa. He's going to change the healthcare playing

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all the stuff. I said, what are you talking about?

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I said, what he wants to do is make us healthier.

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He wants to call the corporations and the pharmaceutical companies

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to the carpet of why we're allowing the FDA is

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allowing them to put all these chemicals into our food

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and creating a fat society and an unhealthy society. That's

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what he wants to do. Oh, that sounds good, I said,

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write it down, see what it is, do your research,

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and stop listening to these pundits that don't do it.

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I don't literally listen to them. I said, you don't

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listen to the people, because if you listen to the people,

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this is what they're saying. And I said, why. Look

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at a map, I said, why are there's so many

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red states where they're thirty five thirty six red states?

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Could be more. The only states are are the coasts

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and the Illinois for the most part that went red.

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There's a lot of people. There's millions and millions and

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millions of people that live there. So you want to

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be controlled by the big inner city even they didn't

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even vote for him as much as they did last time.

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And that's another interesting thing that you know, all you

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heard from the media massive turnouts, massive pre voting, massive,

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we have them record numbers. And then the last time

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I heard is like, you know, Biden was somewhere around

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seventy now, Biden Harris was about seventy million. Biden was

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eighty one million. Trump wanted he's got about seventy four million.

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That's where he was last time. Has anyone stopped to

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think what happened last time where all those votes went.

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No one had said, oh, it was massive turnout last time,

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and they wonder why we can were looking at the

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elections that being a little bit weird. It's amazing how

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this time they went so clean, and look what happened

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the people. But I want to know why there's such

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a discrepancy in the votes from lass and this time

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when the media is telling us we had a record

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number of people standing out and voting and showing lines

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after lines and everything else going on. I always said

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there was something fishy about that, but we're never going

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to find out. And in the end, I don't really care.

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I want to just move forward. I want elections to

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always feel fair and done correctly. And we're getting closer.

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We're getting closer. But the American people have spoke. But

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to listen to the left talk about misogynist, rapist, how

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could you vote for these people? And and and and

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race and racist? Are you kidding me? What does he do?

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The first thing he does, he makes history, not because

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she's a woman, but because she was the best person

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for the job. When he sixteen, when he ran, when

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he ran in twenty and now when he ran again

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in twenty four. Susie, that's it. I think she's about

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sixty eight, maybe sixty seven. He respected her for who

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and what she is, not because she's a woman, because

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she had brains and the ability to win. And she

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says to him, the only way I'm going to take

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this job is we don't have a revolving door to

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see you. I'm in charge, she said, of who's able

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to come in and out, and I will discuss it

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with you. And he agreed to it. So stop with

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all these things that you think Donald Trump is if

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you didn't vote for him, But understand, the left, please

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understand that what you have right now now is someone

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that is going to try to stick to what he

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said he's going to do. And we all know it's

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not going to be exactly what he said. We all

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know it's not gonna be all these terriffts, and we

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all know it's not gonna be one hundred percent the

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way he said on the border, but he's gonna do

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it or or mass deportation. There's going to be parts

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that we got to go towards. And remember most of

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these things are going to have to be done and

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accepted by Congress. Hopefully this time we'll be able to

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compromise bills and get them through quickly. We could see

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a lot of things happen that we needed and wanted

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to happen in a very quick manner, which will be great.

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And that is why the stock market rally the way

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it did. Now with the stock market he got up.

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Now we're at long term resistance the six thousand level

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or so be very careful, do not fomo yourself fear

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of missing out. We remember, nothing gets enacted until he

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at least gets into into office on January sixth, So

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the next few months is nothing, and it's going to

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take some time to enact, and it's going to take

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time to go through the Senate and the House. So

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there's time before anything happens, plenty of time for the

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markets to retrace, but be ready to buy once it retraces.

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I don't know if it's going to retrace five, ten,

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twenty percent. I don't know. I know this. We can't

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stay on this pattern. We are at evaluations that are

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getting too high. I would never sell all my stuff

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because you know what we've been wrong, and a market's

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rallied four hundred s and p points more than I

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expected it to. I'm still making money, but I've mitigated risk.

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And now I've mitigated risk a little bit more because

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I don't want to give it all back. I'll wait,

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I'll be patient. Patience is a virtue, especially in the

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investing game. Now, we do know he's going to try

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to get through tax plans. We do know that he's

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going to try to put on taris. We do know

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that he's going to bring back business is into the

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United States. We do know that wall's gonna be completed.

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We do know that we're gonna have deportation of the criminals. First,

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you're gonna hear it from the other side that he's

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ripping families apart. Think about this next time they say

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that if someone does something illegal, and especially if they're

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a criminal, they need to get out of here. I

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don't care if they have a family of ten kids.

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They need to be deported or put in jail. Why

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Because what do we do with people that rob banks,

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will kill other people and they have families. Do we say,

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you know what, you have a family, It's okay, We're

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gonna keep you on the streets. No, we don't think

229
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about it. They have a family. You did something against

230
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our laws, and now we're gonna put you in jail.

231
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People that did something illegal, whether they're immigrant, illegal immigrant,

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you know, if they're here illegally, they did something wrong. Now,

233
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am I about people that have been here for five, ten,

234
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twenty years in our families. No, not even close. We

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need to look at that with common sense, and I

236
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believe they will. Okay, I'm talking about the people over

237
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the last two or three years that are here illegally.

238
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And don't forget the three hundred thousand kids that we

239
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don't even know where they are that came over as

240
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part of being able to be left in with so

241
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called parents who aren't really their parents. We need to

242
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figure out something with them too, and educate them and

243
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bring them along and bring them part of society. That's

244
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what we need to do. We have to do this

245
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as a humanitarian and also as the law allows. And

246
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just because he decides to do certain things doesn't mean

247
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he's a dictator. He's trying to make us safe. You

248
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know what the world is about right now. The best

249
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part of this is now Iran is going to be

250
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cut off, and the Middle East is going to be

251
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happy and they're going to get their their piece that

252
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they've wanted. This is all great for the markets. Okay,

253
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all you listen to is the pundits on the other side.

254
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Everything he does is gonna bring in six twelve trillion

255
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dollars worth of more debt. Well, you know what, there

256
00:16:17.720 --> 00:16:19.320
is gonna be some more debt to get out of

257
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this to begin with. Because they talk about everyone that

258
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gets deported at eleven thousand dollars, Well, how much are

259
00:16:24.279 --> 00:16:27.799
we giving them while they're here? A lot more than

260
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eleven thousand. When the mayor of New York, Adams talks

261
00:16:32.639 --> 00:16:36.879
about fifty three million dollars went on credit on debit

262
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cards to the illegal immigrants. You think that's fair. You

263
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think that's fair to all the poor people, black, white, Hispanic,

264
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whatever they are, They don't get those handouts. That's why

265
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they didn't vote for that side, because they've always been

266
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told what they're gonna get, and that the Republicans and

267
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the right side don't care about them, They only care

268
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about their When you go ahead and treat people that

269
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are illegally better than the people of our United States

270
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of America, there is a huge problem. Yes, it's gonna

271
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cost some money, but we're also gonna grow the economy.

272
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We grow the economy and you have more people paying taxes,

273
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albeit maybe at a lower rate, you bring a more revenue.

274
00:17:26.680 --> 00:17:30.759
Corporations will be able to bring in more revenue, and

275
00:17:30.839 --> 00:17:33.359
if you lower their tax break, they will make more

276
00:17:33.400 --> 00:17:36.960
money and still bring more revenue to the table. Get

277
00:17:37.039 --> 00:17:40.000
rid of some loopholes so they all have to pay something.

278
00:17:42.160 --> 00:17:48.400
That's okay with me. Go fix the carried interest law.

279
00:17:49.359 --> 00:17:53.279
So billionaires who only get capital gains will have to

280
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pay real income and stuff that looks like income. There

281
00:17:58.599 --> 00:18:04.480
are things that we can do to pay The biggest

282
00:18:04.519 --> 00:18:08.680
thing is what is considered fair share. I listen to

283
00:18:08.720 --> 00:18:13.799
the conversations all the time. Is it fair share for

284
00:18:13.880 --> 00:18:16.960
me to pay more money or is it fair share

285
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for you to pay less money? What's fair share mean?

286
00:18:22.559 --> 00:18:28.640
There is no fair share. When you go ahead and

287
00:18:28.680 --> 00:18:33.319
have a progressive taxes, that's not fair share. That's charging

288
00:18:33.440 --> 00:18:37.519
people that are doing better paying more. Well, maybe you

289
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think that's fair, but it's not their fair share. Fair

290
00:18:41.799 --> 00:18:46.480
means everyone pays the same. That's fair. Now. I don't

291
00:18:46.519 --> 00:18:49.480
have a problem with progressive I don't have a problem

292
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because we're not going to flat tax with people that

293
00:18:51.960 --> 00:18:56.720
are making more money paying more overall. But it's okay

294
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if you reduce those tax brackets or you reduced how

295
00:19:00.640 --> 00:19:03.759
much they pay in order to do it. But small

296
00:19:03.839 --> 00:19:07.839
businesses that are the backbone of our country need to

297
00:19:08.000 --> 00:19:14.039
have tax breaks more than even corporations. They will funnel

298
00:19:14.119 --> 00:19:18.160
that money back into salaries. They need to be competitive.

299
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They need to keep their best people, ones that show

300
00:19:23.039 --> 00:19:25.960
up at work, ones that want to work, ones that

301
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will show they have talent. You give their breaks to

302
00:19:30.880 --> 00:19:34.960
the tax breaks to the small businesses. It will help America.

303
00:19:35.319 --> 00:19:39.240
People will make more. Corporations. You know, everyone's pinged in

304
00:19:39.319 --> 00:19:42.440
a pigeonhole. You know, you're at dis level, you're at

305
00:19:42.480 --> 00:19:45.160
disc level. You're at dis level. But on the other side,

306
00:19:45.480 --> 00:19:47.960
you have a job. On the other side, you get

307
00:19:48.240 --> 00:19:50.400
they do. They give you a lot of other benefits.

308
00:19:50.440 --> 00:19:54.960
I get that, and that's fine, But this whole thing

309
00:19:55.039 --> 00:19:59.400
is going to be sort of And remember last time

310
00:19:59.480 --> 00:20:03.000
Trump got in every one of these economists that are

311
00:20:03.079 --> 00:20:06.480
so wrong all the time anyway, think about it jobs

312
00:20:06.519 --> 00:20:08.319
this that they're so wrong. I don't even know why

313
00:20:08.319 --> 00:20:10.720
we have them. They get paid all this money to

314
00:20:10.799 --> 00:20:15.960
give us incorrect information. After time, they said, how bear

315
00:20:16.039 --> 00:20:18.839
the economy the recession of depression of Trump gets in

316
00:20:19.279 --> 00:20:24.240
and we soared the economy. Sword believe until you don't believe.

317
00:20:24.519 --> 00:20:27.039
But what I believe he will surround himself with such

318
00:20:27.079 --> 00:20:29.839
good people that even when it's not working, they will

319
00:20:29.839 --> 00:20:32.519
figure it out. They won't wait a year, two years,

320
00:20:32.599 --> 00:20:34.920
three years to figure it out. If it's not working,

321
00:20:34.960 --> 00:20:38.240
they will make changes. What I love is he only

322
00:20:38.279 --> 00:20:41.039
has four years. He doesn't need to start campaigning in

323
00:20:41.119 --> 00:20:45.640
two for his next part. This is unprecedented what we're seeing.

324
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Last time this happened, none of us were around. So

325
00:20:48.839 --> 00:20:51.920
this is cool to see him fight to come back.

326
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And why is he here. He felt it was a problem.

327
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He got to the hearts of America, the heartlands of America,

328
00:21:00.319 --> 00:21:02.960
and he believes the blue at the middle class. He's

329
00:21:03.039 --> 00:21:07.240
not going to leave them out. And the biggest fear

330
00:21:07.279 --> 00:21:10.359
that the left has is they know they're the ones

331
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that are dysfunctional right now, and that the Republicans said

332
00:21:14.359 --> 00:21:19.000
for a long time actually have unified messages that definitely

333
00:21:19.079 --> 00:21:22.920
ring out with the American people. And this can be

334
00:21:23.000 --> 00:21:26.920
a control thing now for the next twelve years for

335
00:21:27.440 --> 00:21:32.480
and eight for Vance. He gets it, he relates. And

336
00:21:32.640 --> 00:21:34.519
you know, here's the other thing. Everyone that says they

337
00:21:34.559 --> 00:21:36.920
didn't like Vance on the other side and went through this.

338
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I said, you know what's amazing. If Vance said he

339
00:21:40.279 --> 00:21:42.240
was going to be a Democrat and ran as a

340
00:21:42.279 --> 00:21:45.680
Democrat and ran to be president and ended up being

341
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part of it, the media would have gotten behind Vance

342
00:21:48.599 --> 00:21:55.880
as the American story. This is the American dream. From

343
00:21:56.000 --> 00:22:00.599
being in a drug infested family, raised by your grandma

344
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in the back hills of hill billy country, all the

345
00:22:04.599 --> 00:22:07.799
way up to the baby pull your your boots, drops

346
00:22:07.920 --> 00:22:10.920
up and go to one of the Ivy League schools,

347
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get a great job in business, and then come back

348
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to serve your country. That would have been for the

349
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forefront of the whole story, and they would have gotten fired.

350
00:22:22.000 --> 00:22:24.440
The view would have been gushing after him, just like

351
00:22:24.480 --> 00:22:26.960
they gushed after Trump when he's first there. They would

352
00:22:26.960 --> 00:22:29.160
have been hugging him and loving them and everything else.

353
00:22:30.400 --> 00:22:34.880
But they refuse to even talk to him. They refused RFK,

354
00:22:35.720 --> 00:22:38.680
They refuse to go on Joe Rogan, So who is

355
00:22:38.720 --> 00:22:42.680
the narcissist? Who is the elitist? It's not the right.

356
00:22:43.359 --> 00:22:47.839
Just because you make money you're successful, doesn't mean you're elitist.

357
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What it means is you're smart and you got common

358
00:22:51.319 --> 00:22:55.200
sense and you work through things. And the country decided

359
00:22:55.480 --> 00:22:59.359
they had common sense. And you'll watch this economy, I believe,

360
00:22:59.400 --> 00:23:01.279
do well, you're the first one to call them out

361
00:23:01.279 --> 00:23:03.200
if it's not doing stuff. Do I think if we

362
00:23:03.200 --> 00:23:05.480
can have a little inflation first, Yeah, I figured it

363
00:23:05.559 --> 00:23:08.240
was gonna happen on either side. They all want to

364
00:23:08.240 --> 00:23:11.119
stimulate them and get things going. But I think we're

365
00:23:11.119 --> 00:23:13.480
gonna have a decline first, I do. I think we

366
00:23:13.640 --> 00:23:17.279
got over over jealousy, over and over zealous, and I

367
00:23:17.319 --> 00:23:21.240
think we'll have a decline. But use this opportunity, tunity

368
00:23:21.640 --> 00:23:24.640
of being able to take advantage of the volatility we

369
00:23:24.759 --> 00:23:27.599
went up. I believe the volatility will come down and

370
00:23:27.599 --> 00:23:30.440
then everything will get negative, and then they'll get positive again.

371
00:23:30.640 --> 00:23:33.200
Then they'll get negative, and probably in about six to

372
00:23:33.319 --> 00:23:37.079
nine months, will base out some place and things will

373
00:23:37.079 --> 00:23:40.400
start turning and going in our direction. That's what I

374
00:23:40.400 --> 00:23:44.400
believe is gonna happen. Be cautious, don't jump on highs,

375
00:23:44.680 --> 00:23:48.119
but don't be afraid to buy the lows. Be balanced,

376
00:23:48.559 --> 00:23:52.960
be in different avenues. Have stocks, I have bonds. Have

377
00:23:53.079 --> 00:23:55.880
some bitcoin, man, because you know what, you can do

378
00:23:55.920 --> 00:24:01.319
these ets now because bitcoin and that's little too will

379
00:24:01.319 --> 00:24:04.640
be and it depends on the percentage, depends how whisky

380
00:24:04.720 --> 00:24:07.160
you want to be. But guess what, they're going to

381
00:24:07.200 --> 00:24:10.359
go ahead and find their way also in the next

382
00:24:10.400 --> 00:24:14.519
three or four years. So God bless America. Baby. This

383
00:24:14.599 --> 00:24:17.559
is a happy day for us. But let's not get cocky.

384
00:24:17.799 --> 00:24:20.799
We have also seventy million people that didn't vote for

385
00:24:20.880 --> 00:24:23.119
him that we have to bring along with us too,

386
00:24:23.440 --> 00:24:26.319
and let we all do it together. That's what we

387
00:24:26.519 --> 00:24:27.960
make America gree again.

388
00:24:31.960 --> 00:24:34.359
Welcome back to the Money Matters Show. We appreciate your

389
00:24:34.519 --> 00:24:36.519
joining this. Finally, guess a nice weather?

390
00:24:36.559 --> 00:24:38.119
I my god, Yes, I'm.

391
00:24:37.960 --> 00:24:40.200
An eighty degree guy. So it's all eighty degree all

392
00:24:40.200 --> 00:24:40.559
next week.

393
00:24:40.599 --> 00:24:42.319
I'm gonna say, I thought this was too cold.

394
00:24:42.079 --> 00:24:44.160
For it is it has been. I had to go

395
00:24:44.200 --> 00:24:47.200
to the gym on Thursday night because it was just

396
00:24:47.359 --> 00:24:50.880
too cold, like fifty seven degrees the wind blowing. I

397
00:24:50.920 --> 00:24:53.599
thought I was back in South Dakota. Oh, and I'm

398
00:24:53.640 --> 00:24:55.440
glad the eighty degrees is good for me. And what

399
00:24:55.640 --> 00:24:58.680
a market, What a week I mean, it's just I've

400
00:24:59.000 --> 00:25:01.400
been doing this a long time and I've seen a

401
00:25:01.400 --> 00:25:05.319
lot of good markets. I don't remember seeing a week

402
00:25:05.960 --> 00:25:10.480
where the market went up not every day, but literally

403
00:25:10.599 --> 00:25:14.640
every minute. I mean, there was just no pullback at all.

404
00:25:15.519 --> 00:25:17.119
And I believe me. I know that because I was

405
00:25:17.160 --> 00:25:19.160
short a couple of times and it just ate me up.

406
00:25:19.200 --> 00:25:21.799
Both times. Well, you know it could the market. The

407
00:25:21.839 --> 00:25:25.039
last time the S and P five hundred was twelve

408
00:25:25.119 --> 00:25:27.640
percent above the two hundred day moving average was July,

409
00:25:28.319 --> 00:25:31.960
right before ten percent drop. So it's it's you would

410
00:25:31.960 --> 00:25:34.160
think at some point there's going to be a pullback here,

411
00:25:34.200 --> 00:25:38.119
but I have not seen a market go up so steadily.

412
00:25:38.559 --> 00:25:40.799
And Dad, I don't think there was a ten point

413
00:25:40.799 --> 00:25:42.680
pullback in the SMP at all. No.

414
00:25:42.839 --> 00:25:44.759
And then you would think also when we hit the

415
00:25:44.799 --> 00:25:48.880
six thousand dollars level, yeah, huge, just everyone's going to

416
00:25:48.960 --> 00:25:52.079
have some sell orders in and it maybe backed off

417
00:25:52.119 --> 00:25:55.200
eight points and then it shot right through that and

418
00:25:55.240 --> 00:25:58.279
then it ended up closing below it. But yeah, I

419
00:25:58.319 --> 00:26:01.240
mean this, this market in the six thousand dollars level

420
00:26:01.440 --> 00:26:03.440
wasn't anything to pull it back.

421
00:26:03.720 --> 00:26:05.359
I think the one the first thing happened is you

422
00:26:05.359 --> 00:26:07.480
have to get all the shorts off, right, because all

423
00:26:07.519 --> 00:26:09.400
the people that were had union doing all that house

424
00:26:09.400 --> 00:26:11.559
that has to be covered. So there's some buyers there.

425
00:26:12.079 --> 00:26:14.240
And Todd, I think you said a week ago that

426
00:26:14.839 --> 00:26:17.480
really isn't anything to be scared of right here. And

427
00:26:17.839 --> 00:26:20.680
I think the Trump election even added a sherry on

428
00:26:20.720 --> 00:26:22.319
top of that Sunday exactly.

429
00:26:22.359 --> 00:26:24.200
And then also on top of that, I mean, you

430
00:26:24.240 --> 00:26:26.880
weren't expecting this type of move because in twenty sixteen,

431
00:26:27.039 --> 00:26:29.519
I think the SMP moved at one point one percent,

432
00:26:29.759 --> 00:26:32.920
it closed higher the next day. It closed up over

433
00:26:32.960 --> 00:26:35.960
two and a half percent on Wednesday, and that was

434
00:26:36.000 --> 00:26:39.240
the highest close for the S and P since twenty

435
00:26:39.279 --> 00:26:42.160
twenty two in one day. So there was a huge

436
00:26:42.279 --> 00:26:46.200
rally that night, I mean the pre markets. I mean,

437
00:26:46.279 --> 00:26:49.400
you knew who was winning the election way before any

438
00:26:49.440 --> 00:26:52.480
of the people on TV. I mean, because the market's

439
00:26:52.519 --> 00:26:54.200
knew right away it was Trump.

440
00:26:54.519 --> 00:26:57.000
And it's hard to know what station to watch because

441
00:26:57.000 --> 00:27:00.559
everybody's speculating, you know, right, left, whatever. So what I

442
00:27:00.599 --> 00:27:03.720
did is I watched the football game and bitcoin, I

443
00:27:03.759 --> 00:27:06.759
had bitcoin, I had the bitcoin app open up my phone,

444
00:27:07.160 --> 00:27:10.000
and as long as bitcoin was moving higher, Trump was

445
00:27:10.000 --> 00:27:10.519
winning and.

446
00:27:10.480 --> 00:27:12.920
I'll tell you what what I was watching was the

447
00:27:12.960 --> 00:27:16.279
prediction markets and kyl she and they were right on

448
00:27:16.359 --> 00:27:18.440
every and they were saying that he was going to

449
00:27:18.519 --> 00:27:21.480
win all seven swing states or maybe it's six, So

450
00:27:21.599 --> 00:27:23.759
he was going to win all the swing states besides Michigan.

451
00:27:23.799 --> 00:27:25.680
I think no, they said they was going to win

452
00:27:25.720 --> 00:27:27.920
all of them by seven pm that night.

453
00:27:28.480 --> 00:27:31.680
I'm guys, like, I think he did win Michigan, Wisconsin.

454
00:27:32.839 --> 00:27:34.519
I mean, he's about and he's going to win Nevada

455
00:27:34.519 --> 00:27:36.200
in Arizona. I mean it that way too.

456
00:27:36.319 --> 00:27:38.359
It was a red wave that we expected to see

457
00:27:38.359 --> 00:27:41.200
in twenty twenty two that never did develop. But I

458
00:27:41.240 --> 00:27:43.480
mean it was a it was a real butt kicking. Well.

459
00:27:43.519 --> 00:27:46.400
It was so interesting because all these media are saying

460
00:27:46.720 --> 00:27:48.759
it's likely that you're not going to get the Senate.

461
00:27:49.160 --> 00:27:51.720
They're definitely not going to get the House. But on

462
00:27:51.759 --> 00:27:54.079
the prediction markets, it was fifty to fifty at the

463
00:27:54.079 --> 00:27:56.920
House versus the Democrats or the Republicans were going to

464
00:27:56.960 --> 00:27:59.200
win it, and the Senate it was heavily favored in

465
00:27:59.240 --> 00:28:02.960
the Republicans. So it's really interesting. These prediction markets were

466
00:28:03.000 --> 00:28:05.440
way more accurate than any of the polls. These these

467
00:28:05.440 --> 00:28:06.960
big national medias were putting out.

468
00:28:07.480 --> 00:28:11.160
I did a little survey and since nineteen twenty eighth

469
00:28:11.160 --> 00:28:14.400
there have been twenty four presidential elections, twenty four of them.

470
00:28:14.759 --> 00:28:17.319
The average percentage changed for the S and P five

471
00:28:17.400 --> 00:28:20.599
hundred the week of the election is zero point seven percent. Wow,

472
00:28:20.799 --> 00:28:23.200
up sixty three percent of the time. So we smashed

473
00:28:23.200 --> 00:28:27.079
that this year. That's certainly that's gonna skew that average

474
00:28:27.079 --> 00:28:30.680
big time. But what I took away is that the

475
00:28:30.799 --> 00:28:33.640
left and again no not I'm wanting to make this political,

476
00:28:33.680 --> 00:28:37.039
but the left through everything they had at Trump, everything

477
00:28:37.440 --> 00:28:41.039
indicted him what four or five times, everything they could

478
00:28:41.119 --> 00:28:47.920
possibly throw at him, and what happened. The population responded

479
00:28:48.400 --> 00:28:54.200
with a red wave saying dismissed it. Enough, enough of this,

480
00:28:54.799 --> 00:28:55.160
enough of this.

481
00:28:55.440 --> 00:28:57.960
It was really interesting was the exit polls where they're

482
00:28:57.960 --> 00:29:01.640
talking about the demographics switch between the Hispanic and black vote,

483
00:29:01.680 --> 00:29:03.319
as well as even the women not voting the way

484
00:29:03.359 --> 00:29:06.519
they thought they were for a strong favor of Kamala.

485
00:29:06.559 --> 00:29:08.240
I mean, I think even Biden might have gotten more

486
00:29:08.240 --> 00:29:11.160
of a woman vote than Kamala did in twenty twenty.

487
00:29:11.279 --> 00:29:14.359
So there was a huge demographic switch across the nation.

488
00:29:14.680 --> 00:29:16.559
I mentioned the only time I watched CNN is when

489
00:29:16.599 --> 00:29:18.039
I'm in the gym, and I was in the gym

490
00:29:18.079 --> 00:29:21.039
Thursday night, so I'm stuck watching CNN, and they were

491
00:29:21.119 --> 00:29:24.319
all over Biden. It was his fault that he didn't

492
00:29:24.359 --> 00:29:27.319
drop out. That's why they lost. If he would have

493
00:29:27.400 --> 00:29:28.960
dropped out earlier, they could have won.

494
00:29:29.079 --> 00:29:31.440
Well, some political commentary and that's what I heard that

495
00:29:31.519 --> 00:29:34.079
she made a really big mistake by choosing Walls as

496
00:29:34.079 --> 00:29:37.039
the VP. Why do you not choose the very popular

497
00:29:37.319 --> 00:29:40.279
governor of Pennsylvania, and Pennsylvania and that is the swing

498
00:29:40.319 --> 00:29:43.039
state you need to win, So that was a really

499
00:29:43.119 --> 00:29:43.519
bad move.

500
00:29:43.599 --> 00:29:45.799
That seems a little weird, although if she'd have won,

501
00:29:45.839 --> 00:29:48.000
Pennsylvania wouldn't mattered at the end of the day, I

502
00:29:48.000 --> 00:29:50.400
wanted of yeah, but you're right. I thought that was

503
00:29:50.440 --> 00:29:52.680
such an odd choice, choosing the governor of a state

504
00:29:52.720 --> 00:29:55.680
you're going to win anyway, and a guy that honestly

505
00:29:55.839 --> 00:30:01.759
is like a seal, just a goofball Ah and my

506
00:30:01.799 --> 00:30:04.759
brother lives in Minneapolis, and he talked about how poorly

507
00:30:04.799 --> 00:30:05.599
he's handled well.

508
00:30:05.599 --> 00:30:08.240
I think it's the first time that Americans like really

509
00:30:08.319 --> 00:30:12.599
saw that there is someone behind the what do you

510
00:30:12.640 --> 00:30:15.559
call the curtain? Right, the Wizard of Oz where someone's

511
00:30:15.559 --> 00:30:17.880
pulling the strings behind the curtain, and yeah, we see

512
00:30:17.920 --> 00:30:21.000
who is quote unquote the person in charge, but just

513
00:30:21.119 --> 00:30:22.559
was not really the that's not the case.

514
00:30:22.559 --> 00:30:25.279
That is the way that Kamala got to be elected.

515
00:30:25.039 --> 00:30:28.240
Right, I mean the coup that was. They're the democratic

516
00:30:28.279 --> 00:30:30.359
party that did not do democracy.

517
00:30:30.599 --> 00:30:32.240
I think a lot of the people that are in

518
00:30:32.279 --> 00:30:35.720
our age group that I spoke with aren't really into

519
00:30:35.759 --> 00:30:39.400
financial markets, up with the economic news. Talked about that

520
00:30:39.519 --> 00:30:44.079
exactly right there, the fact that Kamala became the elect Kamala, Kamala,

521
00:30:44.480 --> 00:30:45.839
Kamala Kamala, I'm.

522
00:30:45.640 --> 00:30:47.920
Sorry, Kamala like a kama.

523
00:30:47.759 --> 00:30:51.680
Yeah, well, she became the presidential nominee. And that's not

524
00:30:51.799 --> 00:30:52.960
the democracy I think.

525
00:30:53.680 --> 00:30:56.119
Yeah, I think the Democrats got themselves in a real

526
00:30:56.759 --> 00:30:58.279
fixed air when they want to give rid of Biden

527
00:30:58.319 --> 00:30:59.880
because they didn't think he could be Trump or where

528
00:30:59.880 --> 00:31:02.440
they kind of got themselves between a rock and a

529
00:31:02.440 --> 00:31:05.240
hard place on that. But you know, Arizona continues to

530
00:31:05.240 --> 00:31:09.279
be an embarrassment. Someone said the other day, well, it's

531
00:31:09.279 --> 00:31:11.680
the only state where you can drop off your meil

532
00:31:11.720 --> 00:31:14.400
in ballots the day of the election. That's what that's

533
00:31:14.400 --> 00:31:16.759
what they're using as an excuse. Yeah, but how are

534
00:31:16.799 --> 00:31:18.640
you the last? I mean, do you think we'll have

535
00:31:18.880 --> 00:31:24.000
Arizona's results this month? I mean it's ridiculous. Imagine if

536
00:31:24.000 --> 00:31:26.400
the whole country were like this, right, and we're waiting

537
00:31:26.480 --> 00:31:29.720
around for a week, two weeks. This is crazy.

538
00:31:30.000 --> 00:31:32.440
Yeah, And you know it's funny. On those prediction markets,

539
00:31:32.440 --> 00:31:33.640
you could bet on who is going to be the

540
00:31:33.720 --> 00:31:36.920
last to finish their election. Arizona's in high favor.

541
00:31:38.440 --> 00:31:39.039
Are you kidding?

542
00:31:39.279 --> 00:31:40.839
I mean that's about as good a bet as you

543
00:31:40.880 --> 00:31:46.759
can get, right, that's my goodness. We did see Nvidia

544
00:31:47.240 --> 00:31:50.359
new all time highs. They're going to replace Intel and

545
00:31:50.400 --> 00:31:52.799
the Dow. We talked about that on the last week show. Also,

546
00:31:52.920 --> 00:31:57.359
Sherwin Williams moved higher. They're going to replace Dow in

547
00:31:57.400 --> 00:31:59.720
the fifty two week average, and Dow hit a new

548
00:32:00.079 --> 00:32:02.440
fifty two weeks low. And I'm thinking, holy cow, Dow

549
00:32:02.599 --> 00:32:05.119
is out of the Dow. What are the odds? Right?

550
00:32:05.680 --> 00:32:08.240
I was impressed to see the small caps this week. Yeah,

551
00:32:08.400 --> 00:32:11.839
interest rates rose and Russell two thousand went up near

552
00:32:12.000 --> 00:32:14.480
nine percent. That was insane to see.

553
00:32:14.279 --> 00:32:17.480
Big Trump trade right there. Yeah, and it is against

554
00:32:17.519 --> 00:32:20.319
the fundamental nature of what you're taught in economics that

555
00:32:20.720 --> 00:32:23.839
higher interest rates should weigh on small caps because the

556
00:32:23.880 --> 00:32:27.039
borrowing is higher in smaller cap stocks. Sure, and so

557
00:32:27.200 --> 00:32:30.319
higher interistrates is a bad thing. But if you looked

558
00:32:30.359 --> 00:32:33.400
at the previous Trump area era, it did really well

559
00:32:33.440 --> 00:32:36.799
for small caps. So it's pretty much a Trump trade.

560
00:32:37.160 --> 00:32:39.559
That's why you broke that correlation between those rates.

561
00:32:39.599 --> 00:32:41.559
We've only got a couple more minutes in this segment,

562
00:32:41.599 --> 00:32:43.440
and the next segment, I want to talk about the

563
00:32:44.119 --> 00:32:47.400
different stocks that were impacted positively and negative in different

564
00:32:47.400 --> 00:32:49.880
areas by the election, because there were some pretty clear

565
00:32:49.920 --> 00:32:51.240
winners and pretty clear losers.

566
00:32:51.279 --> 00:32:53.720
Well, for now, let's talk about oil. Oil only really

567
00:32:53.720 --> 00:32:56.799
finished down a dollar on the week. I keep seeing

568
00:32:56.839 --> 00:33:00.920
that the demand stays relatively good, be it not having

569
00:33:00.920 --> 00:33:04.160
the China involved in it, But it's the supply. There's

570
00:33:04.240 --> 00:33:07.440
just more supply than there has been in previous years,

571
00:33:07.519 --> 00:33:10.119
largely due to America being a larger player in the market.

572
00:33:10.319 --> 00:33:11.960
Well, and that's one of the things just on my

573
00:33:12.039 --> 00:33:14.319
list of things that were impacted by the election. We're

574
00:33:14.359 --> 00:33:16.119
going to talk about it now, though now I'll cross

575
00:33:16.119 --> 00:33:18.119
it off my list. Okay, Well, I mean it wasn't

576
00:33:18.640 --> 00:33:21.400
much pumby three dollars, if pumbly to three dollars right

577
00:33:21.440 --> 00:33:23.720
after the election, because it's saying, oh, here comes oil,

578
00:33:24.200 --> 00:33:27.400
Here comes supply, lots of supply. Trump's going to start

579
00:33:27.440 --> 00:33:29.880
up with the Keystone pipeline. You know, I had someone

580
00:33:29.920 --> 00:33:31.559
tell me today, you know, over the last two weeks

581
00:33:31.599 --> 00:33:33.599
they've been taking supply that they're getting ready to go

582
00:33:33.599 --> 00:33:38.079
go Seriously, I don't think so. I don't know. Maybe

583
00:33:38.119 --> 00:33:39.880
I'm just crazy, but I mean, at.

584
00:33:39.759 --> 00:33:41.799
The end of the week it was only down a dollar,

585
00:33:41.920 --> 00:33:44.079
so it probably was more of just a it takes

586
00:33:44.079 --> 00:33:45.720
a while for those things to come back online.

587
00:33:45.880 --> 00:33:48.519
Federal Reserve kind of nobody cared cut interest rates by

588
00:33:48.559 --> 00:33:50.559
a quarter, and you kind of scratch your head on

589
00:33:50.559 --> 00:33:52.759
that one. As I scratched my head on the fifty

590
00:33:52.799 --> 00:33:56.920
basis point cut. We have an economy that is going

591
00:33:57.000 --> 00:34:02.039
to be getting a strong kick in the rear by deregulation.

592
00:34:03.160 --> 00:34:06.440
Banks had a great rally because of the thought that

593
00:34:06.440 --> 00:34:09.880
Trump's probably going to drop reserve requirements. We've got an

594
00:34:09.880 --> 00:34:12.639
economy that's on the edge of taking off, is what

595
00:34:12.679 --> 00:34:15.000
the market's telling you. So you've got an economy on

596
00:34:15.039 --> 00:34:17.440
the edge of taken off and the Federal Reserves cutting industries.

597
00:34:17.599 --> 00:34:21.440
Yeah, an AI revolution and just a really irresponsible move

598
00:34:21.639 --> 00:34:24.079
by the Federal Reserve who says that their data dependent

599
00:34:24.159 --> 00:34:25.880
and the data says that you should not be cutting

600
00:34:25.960 --> 00:34:28.679
rates right now. No, it's an inflationary risk that we

601
00:34:28.719 --> 00:34:31.599
don't need. And on top of the potential inflationary risk

602
00:34:31.639 --> 00:34:34.559
that could come albeit with the tariffs next year, that

603
00:34:34.679 --> 00:34:36.840
double WHAMMI is why the bond market has kept the

604
00:34:36.920 --> 00:34:39.880
rates elevated and more likely could even see a rate

605
00:34:39.960 --> 00:34:40.920
hike next year.

606
00:34:41.239 --> 00:34:43.280
Yeah, I think that that is. That's one of the

607
00:34:43.360 --> 00:34:46.119
one of the risks of Trump is that that the

608
00:34:46.239 --> 00:34:49.039
interest rates are going to see some feel some pressure.

609
00:34:49.519 --> 00:34:51.280
It's scary stuff. But let me get into this before

610
00:34:51.280 --> 00:34:53.960
we get into the next segments. This gamer real quick.

611
00:34:54.000 --> 00:34:55.880
This show is sponsored by the Greenbrig Financial Group and

612
00:34:55.880 --> 00:34:58.760
you can listen on seven to ninety canist or iHeartRadio.

613
00:34:59.199 --> 00:35:02.639
So discusses different investment products and strategies. Every products and

614
00:35:02.639 --> 00:35:05.239
strategy have some type of inherent risks, and we strongly

615
00:35:05.360 --> 00:35:08.599
strongly encourage our listeners to properly understand this risk to

616
00:35:08.679 --> 00:35:11.199
determine whether to buy, sell, or hold. The show has

617
00:35:11.239 --> 00:35:13.199
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618
00:35:13.199 --> 00:35:15.199
Group is registered with the SEC and a member of

619
00:35:15.239 --> 00:35:17.960
FINRA and SIPIK. This is our website at Greenberg Financial

620
00:35:18.000 --> 00:35:20.119
dot com for some more information. If you ever wanted

621
00:35:20.119 --> 00:35:22.679
to write in a question, you could write into contact

622
00:35:22.760 --> 00:35:24.360
at Greenberg Financial dot com.

623
00:35:24.800 --> 00:35:28.800
I get one of the people are that dislike the

624
00:35:28.840 --> 00:35:32.920
election results as much as Kamala would be the Chinese chairman.

625
00:35:34.840 --> 00:35:38.360
I think he probably does not like having Trump back

626
00:35:38.400 --> 00:35:40.960
on the world stage, and I think probably Putin doesn't either.

627
00:35:41.239 --> 00:35:44.079
And I talk about Putin and Trump being buddy buddy,

628
00:35:44.119 --> 00:35:46.440
but I remember during your first term they weren't buddy buddy.

629
00:35:46.760 --> 00:35:48.679
That was a lot of a conflict between the two.

630
00:35:48.840 --> 00:35:50.920
We'll be back right after this break. Thanks again for

631
00:35:51.039 --> 00:35:52.800
joining us on this Sunday morning.

632
00:36:02.360 --> 00:36:04.360
Welcome back to the Money Matter Show. My name is

633
00:36:04.360 --> 00:36:07.800
Todd Kia compay with Sebastian Boor Senior David Sherwood. Obviously,

634
00:36:07.800 --> 00:36:10.320
it was US presidential election week as well as the

635
00:36:10.320 --> 00:36:13.840
Federal Reserve interest rate cut decision. Who got both of

636
00:36:13.880 --> 00:36:16.880
them and that led to the market finishing quite higher.

637
00:36:17.039 --> 00:36:19.719
It was the doll up four point six percent s

638
00:36:19.719 --> 00:36:22.519
and p of four point six percent, the NASDAKA five

639
00:36:22.559 --> 00:36:25.360
point seven the Russell of a big eight point seven

640
00:36:25.440 --> 00:36:28.360
percent on the week, and the equal weighted S and

641
00:36:28.360 --> 00:36:30.920
P five hundred up four point four percent. All of

642
00:36:30.960 --> 00:36:34.920
those indexes reached fifty two week highs this week yep.

643
00:36:34.960 --> 00:36:41.000
And and an unrelenting move higher with a virtually no pullback.

644
00:36:42.239 --> 00:36:46.599
Every single hour was higher than the hour before, and

645
00:36:46.760 --> 00:36:49.800
the industries all closed near their all time highs. They

646
00:36:49.800 --> 00:36:52.159
all did hit like Todd said, they all hit new

647
00:36:52.159 --> 00:36:55.000
all time HIGs and they closed close to those all

648
00:36:55.000 --> 00:36:58.760
time HIGs. I expect to pull back at some point here.

649
00:36:58.800 --> 00:37:02.920
We've gotten very from and I understand why we're frothy,

650
00:37:02.920 --> 00:37:05.159
because this is exciting that do you have someone who's

651
00:37:05.400 --> 00:37:09.519
very pro business taking over the range has to be

652
00:37:09.559 --> 00:37:12.599
good for business, right, So a couple of things. I

653
00:37:12.639 --> 00:37:14.679
want to review some of the winners and losers from

654
00:37:14.719 --> 00:37:19.519
the election. One of the big winners coin coinbase, which

655
00:37:19.559 --> 00:37:24.960
is the crypto Todd coin Base surch fifteen percent. Bitcoin

656
00:37:25.079 --> 00:37:29.159
hit seventy five thousand for the very first time ever, right, yep.

657
00:37:29.440 --> 00:37:32.119
And I think that the Dean was actually Dean was

658
00:37:32.199 --> 00:37:36.719
recommending or not recommending, but say that's some bitcoin. Yeah,

659
00:37:36.719 --> 00:37:38.679
a't the all time high. Let's get them.

660
00:37:38.800 --> 00:37:40.880
Hey, I think I've been saying this for a couple

661
00:37:40.840 --> 00:37:43.079
of weeks now, I think it's one twenty next year

662
00:37:43.199 --> 00:37:47.800
where we get to Bitcoin normally runs up about you know, eight,

663
00:37:48.159 --> 00:37:50.239
eight to ten months after the having we got the

664
00:37:50.320 --> 00:37:52.280
having back in. I think it was April May of

665
00:37:52.360 --> 00:37:55.480
this year, and that's normally if you look past cycles,

666
00:37:55.480 --> 00:37:57.800
when it really starts to take off. And what follows

667
00:37:57.840 --> 00:38:01.519
Bitcoin's rally is all the other coins. All coins stand

668
00:38:01.559 --> 00:38:04.000
for alternative coins, and those are gonna be like your

669
00:38:04.000 --> 00:38:07.639
doche coin, ethereum, everything basically other than Bitcoin is an

670
00:38:07.679 --> 00:38:11.360
all coin, and coin Base has it's an exchange where

671
00:38:11.360 --> 00:38:13.400
you can buy Bitcoin as well as all these all

672
00:38:13.440 --> 00:38:16.079
coins on it. And so every single time there's a

673
00:38:16.159 --> 00:38:20.039
huge demand inflow into that industry, obviously they're gonna get

674
00:38:20.079 --> 00:38:23.239
it more transactions and that's more money for their business.

675
00:38:23.440 --> 00:38:24.440
That's why they were up big.

676
00:38:24.719 --> 00:38:27.760
Bitcoin very volatile and not for everybody. There's only fifteen

677
00:38:27.760 --> 00:38:30.599
percent of the American public even trust it, so but

678
00:38:30.719 --> 00:38:33.960
it may or may not be for you. Check it

679
00:38:34.000 --> 00:38:38.440
out and the one of the biggest winners of the

680
00:38:38.480 --> 00:38:41.639
week was Teesla. You know, Musk was a big Trump supporter.

681
00:38:41.760 --> 00:38:44.519
Okay, I'd say that that was the biggest winner of

682
00:38:44.519 --> 00:38:44.840
the week.

683
00:38:45.559 --> 00:38:48.880
Maybe not because they got a Tucson based company that

684
00:38:48.960 --> 00:38:52.440
did better, but Musk was a big Trump supporter. So

685
00:38:52.519 --> 00:38:55.440
the election in Stantessla shares a fifteen percent on Wednesday

686
00:38:55.480 --> 00:38:58.239
to a two and a half year eye rally continue

687
00:38:58.280 --> 00:39:01.840
to the end of the week, Todd, I'm showing gain

688
00:39:02.119 --> 00:39:07.280
for Tesla for the week. Even though Trump often condemned

689
00:39:07.320 --> 00:39:12.440
electric vehicles and has threatened to roll back electric vehicle subsidies.

690
00:39:12.960 --> 00:39:18.119
Bank of America on Friday downgraded Rivian on concerns ABox

691
00:39:18.239 --> 00:39:23.639
tax credits being rolled back. Remember, Tesla is not Musk.

692
00:39:24.039 --> 00:39:27.760
It's not Musk stock. It's Tesla stock. It's the stock

693
00:39:28.079 --> 00:39:31.800
in a company that makes and sells electric vehicles.

694
00:39:31.880 --> 00:39:33.639
Yeah, this is purely of momentum trade.

695
00:39:33.679 --> 00:39:37.119
It's purely momentum trade. And it's and Elon Musk owns

696
00:39:37.159 --> 00:39:39.880
the company. But I mean, people say, wow, Musk is

697
00:39:39.920 --> 00:39:41.679
really going to make out on his Trump love them

698
00:39:41.719 --> 00:39:43.559
and they're in bed together. It doesn't matter.

699
00:39:43.679 --> 00:39:45.079
And then on the other hand, do you have other

700
00:39:45.119 --> 00:39:49.280
clean energy stocks like for Solar, for example, that just

701
00:39:49.320 --> 00:39:50.559
got absolutely crushed.

702
00:39:50.599 --> 00:39:52.199
Well, let me tell you about the next thing on

703
00:39:52.239 --> 00:39:57.119
my list, solar stock. That ETF lost thirteen percent at

704
00:39:57.159 --> 00:40:00.440
the open on Wednesday, hit a four year low the

705
00:40:01.239 --> 00:40:06.280
solar ETF. Again, the election created concerns in that area.

706
00:40:07.000 --> 00:40:08.639
It's been an area where Trump has not been a

707
00:40:08.679 --> 00:40:11.800
big fan. And I know Teddy Gay comments on it.

708
00:40:12.039 --> 00:40:14.559
Well, it's very fascinating. We've talked a lot about the

709
00:40:14.559 --> 00:40:17.119
solar space, and yes, the TAN is at a four

710
00:40:17.159 --> 00:40:19.360
year low. But the one company we decided to go with,

711
00:40:19.400 --> 00:40:21.559
First Soldar. Even after the ten percent dropped of that

712
00:40:21.639 --> 00:40:24.840
company experience on Wednesdays open still up thirty five percent

713
00:40:24.880 --> 00:40:28.320
year to date. So yes, Soldar as an industry gonna

714
00:40:28.360 --> 00:40:30.679
do really bad. Why most of those panels come from

715
00:40:30.719 --> 00:40:31.719
where China?

716
00:40:31.880 --> 00:40:32.079
Yep?

717
00:40:32.159 --> 00:40:34.199
And what is Trump saying he's gonna do tariffs? So

718
00:40:34.239 --> 00:40:36.719
not only is solar extensive now, but if you're going

719
00:40:36.800 --> 00:40:38.440
to bring him from China, they're going to be even

720
00:40:38.440 --> 00:40:41.280
more expensive in the future. And the only company that's

721
00:40:41.280 --> 00:40:44.280
make them in America is that Fort Solar company. So

722
00:40:44.320 --> 00:40:46.920
that is obviously why First Solar didn't lose as much

723
00:40:46.960 --> 00:40:48.320
as even the ETF did.

724
00:40:48.440 --> 00:40:50.920
Yeah, you guys, s took that ETF apart about a

725
00:40:51.000 --> 00:40:53.320
year ago and discovered that that was really just the

726
00:40:53.360 --> 00:40:55.639
one good stock in there, and that's the one we've

727
00:40:55.679 --> 00:40:59.800
concentrated on and it's done way better. Bank stock go ahead.

728
00:41:00.360 --> 00:41:02.360
I was just gonna say, you see the performance, I mean,

729
00:41:02.480 --> 00:41:08.079
en phase, very comparable firm to First Solar that was

730
00:41:08.119 --> 00:41:09.679
down twenty percent in the week.

731
00:41:10.039 --> 00:41:14.480
Right. Yeah, it's it's really a special First Solder is

732
00:41:14.639 --> 00:41:17.960
definitely a special company, a solar edge. I think I

733
00:41:17.960 --> 00:41:21.599
saw it was down big on after the After being

734
00:41:21.639 --> 00:41:24.920
down big, it was down big again. Bank stocks. Bank

735
00:41:24.960 --> 00:41:28.639
stocks went nuts. That banking the banking ETF jumped six

736
00:41:28.719 --> 00:41:31.719
percent to a new all time high on Wednesday, new

737
00:41:31.719 --> 00:41:35.519
all time high for the banks. After trump victory spurred

738
00:41:35.599 --> 00:41:39.320
investor optimism the sector could see less regulation, less in

739
00:41:39.360 --> 00:41:42.920
the way of reserve requirements. You know Trump's first term.

740
00:41:43.119 --> 00:41:45.639
The big, big, big thing that Trump did the first

741
00:41:45.639 --> 00:41:49.199
turn is take regulations away, and it's almost like he

742
00:41:49.320 --> 00:41:51.760
let the horse out of the corral and it really

743
00:41:51.760 --> 00:41:52.239
could run.

744
00:41:53.039 --> 00:41:56.079
That's why you also saw bitcoin and coinbase run because

745
00:41:56.360 --> 00:41:59.559
there's regulatory burden on both of those industries, financial and

746
00:41:59.639 --> 00:42:02.480
the crypto space. If you give an idea that you're

747
00:42:02.480 --> 00:42:05.480
not going to have those red tape involved in the future.

748
00:42:05.599 --> 00:42:09.360
It's going to help that potentially could help things like uranium.

749
00:42:09.440 --> 00:42:12.760
But Trump has said nothing about nuclear energy and he's

750
00:42:13.119 --> 00:42:18.000
really into cold, kind of old school energy. I'm really

751
00:42:18.000 --> 00:42:20.960
interested to see his tone on nuclear when he's finally

752
00:42:21.000 --> 00:42:23.760
asked the question and where he goes on that. You've

753
00:42:23.760 --> 00:42:27.159
seen the uranium and nuclear stocks kind of go both

754
00:42:27.199 --> 00:42:28.199
ways this week.

755
00:42:28.679 --> 00:42:29.079
Overall.

756
00:42:29.119 --> 00:42:32.079
They they finished up high, I believe, but there's not

757
00:42:32.159 --> 00:42:34.440
a real significant push one way.

758
00:42:34.360 --> 00:42:34.760
Or the other.

759
00:42:34.960 --> 00:42:37.960
Another big winner on the week was steel stocks. You

760
00:42:38.039 --> 00:42:41.159
had shares of newcre in Cleveland Cliffs, respectively, rallying sixteen

761
00:42:41.159 --> 00:42:44.440
to twenty percent, and United Steel United States Steel went

762
00:42:44.519 --> 00:42:47.400
up eight percent. So that's another why Trump.

763
00:42:47.559 --> 00:42:50.039
Yeah, Trump is a big steel advocate, and it's one

764
00:42:50.039 --> 00:42:52.159
of those just old school things. You don't get back

765
00:42:52.199 --> 00:42:54.039
to what we've been doing, you know.

766
00:42:54.679 --> 00:42:57.119
One of the big winners was the Trump Media stock

767
00:42:58.480 --> 00:43:00.639
up ten percent of the open on two day the

768
00:43:00.719 --> 00:43:05.079
election day right, and on Wednesday jump thirty three percent

769
00:43:05.199 --> 00:43:08.559
at the open, but it closed just six percent higher

770
00:43:08.840 --> 00:43:11.719
on election day. The company did report a net loss

771
00:43:11.760 --> 00:43:15.519
for the most recent quarter of nineteen million dollars and

772
00:43:15.599 --> 00:43:17.960
for the week. For the week, the stock ended up

773
00:43:18.000 --> 00:43:20.800
at four percent. But remember the company has very little

774
00:43:20.800 --> 00:43:23.440
in the way of revenue. They have no earnings, and

775
00:43:23.519 --> 00:43:27.280
we've seen valuation estimates for Trump Media around two round

776
00:43:27.320 --> 00:43:30.280
a dollar to two dollars. As at the intrinsic value

777
00:43:30.320 --> 00:43:33.199
of the company. There's still people messing around with it.

778
00:43:33.239 --> 00:43:36.239
But I think it's real easy to see that stock.

779
00:43:36.519 --> 00:43:39.880
It closed Friday around thirty one thirty two somewhere in there.

780
00:43:40.239 --> 00:43:41.840
I think it would be real easy to see that

781
00:43:41.880 --> 00:43:45.960
stock become a teenager very quickly. Just be careful there.

782
00:43:46.480 --> 00:43:50.000
Chinese ETF down three percent after the election because of

783
00:43:50.039 --> 00:43:53.960
the tariffs, and then down again another five percent on

784
00:43:54.039 --> 00:43:58.159
Friday after they announced another one point four trillion dollar

785
00:43:58.239 --> 00:44:00.840
stimulus package. But they said it's going to be over

786
00:44:00.880 --> 00:44:03.760
five years, and it's just their economy is in the

787
00:44:03.760 --> 00:44:06.320
toilet now. It doesn't need it five years from now,

788
00:44:06.360 --> 00:44:10.239
it needs it this minute. And that disappointment sent all

789
00:44:10.280 --> 00:44:12.480
of the Chinese stocks reeling on Friday.

790
00:44:12.679 --> 00:44:15.679
Also, EFA not down huge, was down about one and

791
00:44:15.679 --> 00:44:18.559
a half percent on the week, where obviously American stocks

792
00:44:18.920 --> 00:44:21.000
heck of a week. The reason it was down is

793
00:44:21.400 --> 00:44:23.599
there is a lot of products that come from Europe, right,

794
00:44:23.639 --> 00:44:25.639
and Trump is not going to go after just China,

795
00:44:26.000 --> 00:44:28.480
you go after Europe. He said that he does not

796
00:44:28.679 --> 00:44:32.480
like the way Eurozone kind of takes advantage of America,

797
00:44:32.559 --> 00:44:34.559
especially on the defense side.

798
00:44:34.760 --> 00:44:38.360
We completely eliminated our international exposure probably a year and

799
00:44:38.400 --> 00:44:41.760
a half ago. Yeah, completely, And it was a good.

800
00:44:41.639 --> 00:44:44.719
Move hindsight, being twenty and twenty. It is because if

801
00:44:44.719 --> 00:44:47.119
you look at the American rally, you don't get that

802
00:44:47.239 --> 00:44:49.960
quite in the European or international space.

803
00:44:50.159 --> 00:44:53.360
No, and I think the international has underperformed the US

804
00:44:53.480 --> 00:44:55.719
nine of the last ten years. Yeah, so it's kind

805
00:44:55.719 --> 00:44:58.199
of like, well, yeah, let's not have any of that.

806
00:44:58.360 --> 00:45:00.920
So in America is still sick seven percent of the

807
00:45:01.039 --> 00:45:04.239
entire global stock markets. Yeah, you're kind of you still

808
00:45:04.280 --> 00:45:06.360
international exposure even being in America.

809
00:45:06.440 --> 00:45:08.480
We're very comfortable being out of Europe and being out

810
00:45:08.519 --> 00:45:10.760
of China and just being domestic. Right now, things are

811
00:45:10.920 --> 00:45:16.760
cranking home construction atf down four percent. Yeah on Thursday, Wednesday,

812
00:45:16.800 --> 00:45:20.360
I'm sorry Wednesday again. The thinking being higher interest rates.

813
00:45:20.320 --> 00:45:23.239
Right, I mean, the yields responded after Trump victory or

814
00:45:23.280 --> 00:45:25.760
even before they shot higher big time.

815
00:45:25.800 --> 00:45:27.880
May think it was four and a half four and

816
00:45:27.920 --> 00:45:29.880
a half on the ten year treasury for the first

817
00:45:29.880 --> 00:45:31.039
time in six months.

818
00:45:31.079 --> 00:45:33.440
And so we saw the thirty year Freddie Mack mortgage

819
00:45:33.480 --> 00:45:36.079
rate increased, the six point seventy nine percent highest since

820
00:45:36.159 --> 00:45:38.840
July that we've seen it, so the people, and it's

821
00:45:38.880 --> 00:45:41.639
gone nothing but up since they cut rates almost a

822
00:45:41.679 --> 00:45:45.000
whole seventy five basis points, so the complete opposite. The

823
00:45:45.039 --> 00:45:47.519
Fed cut seventy five basis points, but the mortgage rate

824
00:45:47.519 --> 00:45:50.679
has gone up seventy five basis points. And we've been

825
00:45:50.719 --> 00:45:53.039
talking to they've hand across the way. He said, a

826
00:45:53.039 --> 00:45:56.239
lot of people thought that the time the lock in

827
00:45:56.360 --> 00:45:58.519
rates was after they cut in, but it was it

828
00:45:58.559 --> 00:46:03.079
was before and now everyone's waiting again, and so you know,

829
00:46:03.159 --> 00:46:05.199
he said, had a realtor call him and said, I

830
00:46:05.239 --> 00:46:08.000
haven't had any sales for months now, and ever since

831
00:46:08.000 --> 00:46:09.920
they said they're going to cut rates, I haven't had

832
00:46:09.920 --> 00:46:12.039
any sales because everyone's kind of waiting now, trying to

833
00:46:12.800 --> 00:46:16.039
play the interest rate timing game. So that could definitely

834
00:46:16.039 --> 00:46:18.039
weigh on house market for the next couple of months.

835
00:46:18.400 --> 00:46:20.599
Real estate market had such a strong move up that

836
00:46:21.199 --> 00:46:23.039
I think this natural to have a little bit of

837
00:46:23.079 --> 00:46:25.639
a corruction, and again I think that's going to bode

838
00:46:25.639 --> 00:46:29.519
well for CPI will we see that next week, probably

839
00:46:29.840 --> 00:46:31.480
early next week, but I think we're going to see

840
00:46:31.519 --> 00:46:34.800
it in the numbers in December. We'll see Home Depot

841
00:46:35.039 --> 00:46:39.320
was down four percent on Wednesday. Williams Sonoma down five percent.

842
00:46:39.400 --> 00:46:43.159
They sell the furniture for the houses. Todd mentioned oil

843
00:46:43.199 --> 00:46:45.599
oil is down three percent because again under Trump, it

844
00:46:45.639 --> 00:46:48.599
would be more oil price. It has to come down

845
00:46:48.599 --> 00:46:52.000
more supply. Last thing I've got on the list is gold.

846
00:46:52.039 --> 00:46:54.280
Gold got just hammered the day after the election, down

847
00:46:54.320 --> 00:46:57.760
seventy five bucks. And again that's higher interest rates. Gold

848
00:46:57.840 --> 00:46:58.960
is priced in dollars.

849
00:46:59.320 --> 00:47:02.480
Also, it could be a reduction of fear trade. Right,

850
00:47:02.519 --> 00:47:04.440
gold is kind of a fear trade, and some people

851
00:47:04.440 --> 00:47:06.000
who are saying, oh Trump point, Okay, I don't need

852
00:47:06.039 --> 00:47:07.039
my gold as much anymore.

853
00:47:07.239 --> 00:47:10.400
Okay, I'm not sure that and that could be. It

854
00:47:10.400 --> 00:47:12.519
absolutely could be. Who knows, but I know that gold

855
00:47:12.559 --> 00:47:14.920
is priced in dollars. If you think the dollar interstrates

856
00:47:14.960 --> 00:47:17.280
are going to go higher, the dollars absolutely going to

857
00:47:17.320 --> 00:47:19.159
go higher. Gold has to come lower. In that.

858
00:47:19.400 --> 00:47:21.239
It was interesting to see bitcoin go up and go

859
00:47:21.239 --> 00:47:22.239
go down on the Trumpet.

860
00:47:22.320 --> 00:47:25.159
Totally different, Yeah, totally different. You say, well, let's sell

861
00:47:25.159 --> 00:47:29.079
our gold buy bitcoin, right, It's totally different. So it's

862
00:47:29.119 --> 00:47:32.719
again we appreciate you joining this. We're still doing a

863
00:47:32.760 --> 00:47:34.599
lot of financial plans here. If you haven't had your

864
00:47:34.599 --> 00:47:36.480
financial plan done yet, it's a good time of the

865
00:47:36.519 --> 00:47:39.000
year to come in and get that done and give

866
00:47:39.079 --> 00:47:40.719
us a call. It's to five ' two oh five

867
00:47:40.760 --> 00:47:43.480
four four four nine nine. We'll set that up and

868
00:47:43.719 --> 00:47:45.960
we'll be back right out of this break. This is

869
00:47:46.000 --> 00:47:55.480
the Money Matter Show. Welcome back. This is the second

870
00:47:55.519 --> 00:47:57.840
hour of the Money Matter Show. We appreciate you joining it.

871
00:47:58.519 --> 00:48:02.840
Had an incredible week in the market the election day.

872
00:48:03.400 --> 00:48:05.559
There was actually for the last couple of weeks there's

873
00:48:05.599 --> 00:48:08.880
been this belief that Trump was going to win, and

874
00:48:08.920 --> 00:48:11.760
the odds makers had started to move in his favor.

875
00:48:12.360 --> 00:48:16.119
Things that are the benefit from Trump started to move higher.

876
00:48:16.920 --> 00:48:21.199
We're seeing cryptocurrency move up. The DJT stock, which is

877
00:48:21.239 --> 00:48:26.360
the which again we've talked about endlessly, had quadrupled. So

878
00:48:26.559 --> 00:48:29.519
it kind of felt like Trump was going to win,

879
00:48:29.920 --> 00:48:34.480
and the market rallied sixty excuse me, a h sixty

880
00:48:34.920 --> 00:48:37.480
sp five Rod was up sixty seventy points. I'm sorry

881
00:48:37.719 --> 00:48:41.519
on election day. So when Dean said, oh, if Trump wins,

882
00:48:41.519 --> 00:48:43.679
just going to go up another hundred and I said, yeah,

883
00:48:43.679 --> 00:48:47.880
I think they discounted most of that today, and no,

884
00:48:48.079 --> 00:48:50.599
they hadn't to Dean was absolutely right when he wanted

885
00:48:50.840 --> 00:48:55.079
opened up one hundred points. And so the unrelenting move

886
00:48:55.199 --> 00:48:58.880
higher during the week excitement about what a pro business

887
00:48:59.159 --> 00:49:02.800
president can do. And during Trump's first administration, if you

888
00:49:03.119 --> 00:49:05.840
take away the COVID period, which I think is fair.

889
00:49:06.159 --> 00:49:07.880
I think it's fair because that's like a once in

890
00:49:07.920 --> 00:49:10.880
a lifetime deal. But if you take away the COVID period,

891
00:49:10.880 --> 00:49:14.440
Trump's stock market performance was the fourth best of any

892
00:49:14.480 --> 00:49:15.360
president in history.

893
00:49:15.519 --> 00:49:16.360
Who's the best?

894
00:49:16.639 --> 00:49:20.679
Uh? You know? I don't taft I think I don't remember.

895
00:49:20.760 --> 00:49:22.880
But it didn't jump out at me, wasn't It wasn't

896
00:49:22.880 --> 00:49:26.079
anytime recently? Oh you know who's the best? Clinton? Clinton

897
00:49:26.159 --> 00:49:28.639
was the best because he happened to be president during

898
00:49:28.719 --> 00:49:32.280
the Internet revolution. That was Clinton?

899
00:49:32.559 --> 00:49:34.559
Gotcha? Did you see the private press?

900
00:49:34.639 --> 00:49:36.960
Tell them what the market did? It's the first start

901
00:49:37.000 --> 00:49:37.960
of the second hour list town.

902
00:49:37.960 --> 00:49:39.000
What it did's good?

903
00:49:39.079 --> 00:49:41.159
Right? So the doll was up four point six for

904
00:49:41.199 --> 00:49:43.199
the percent for the week. That was almost two thousand

905
00:49:43.199 --> 00:49:46.199
points two thousand points in a week. Sm P five

906
00:49:46.239 --> 00:49:49.280
hundred and four point six, Tech having NASDAC did a

907
00:49:49.280 --> 00:49:52.679
little better five point seven. The Russell the small cap

908
00:49:52.880 --> 00:49:55.760
up almost nine percent on the week, and the equ

909
00:49:55.840 --> 00:49:58.360
weated SMP up four point four. All right, see that's

910
00:49:58.360 --> 00:49:59.280
you're turm sorry about that.

911
00:49:59.400 --> 00:50:01.519
I just wanted to talk about the private prison stucks.

912
00:50:01.559 --> 00:50:05.159
You follow those No No So Geo.

913
00:50:05.000 --> 00:50:09.119
Group and cour Civic pops for twenty nine percent respectively

914
00:50:09.119 --> 00:50:12.440
after the Trump win. This happened because he promised the

915
00:50:12.480 --> 00:50:14.440
mass deportation of illegal immigrants.

916
00:50:15.079 --> 00:50:17.079
It would be a lot of them in the prisoner yess,

917
00:50:17.159 --> 00:50:20.039
so private prisons are well. He promised that Mexico had

918
00:50:20.039 --> 00:50:23.039
paid for the wall too. So he promised the end

919
00:50:23.079 --> 00:50:24.840
of the Ukrainian War by the end of this year.

920
00:50:25.679 --> 00:50:29.039
I can't wait. I mean neither, you know, I'm sure

921
00:50:29.199 --> 00:50:31.519
there's an awful lot of promises major in elections when

922
00:50:31.519 --> 00:50:35.400
people get desperate and excited. And I've never campaigned so

923
00:50:35.599 --> 00:50:39.000
I I but I could. I can understand that. My

924
00:50:39.079 --> 00:50:44.079
biggest concern is that neither Kamala nor Donald had any

925
00:50:44.480 --> 00:50:48.800
plans for reducing the deficit. None you never heard one

926
00:50:48.840 --> 00:50:51.360
thing out on the campaign trail about how they will

927
00:50:51.400 --> 00:50:52.320
reduce the deficit.

928
00:50:52.400 --> 00:50:53.679
What do you mean tariffs are going to make us

929
00:50:53.679 --> 00:50:54.679
the richest country.

930
00:50:54.360 --> 00:50:58.599
And spend spend, spend spend, you know. Uh, I that's okay,

931
00:50:58.920 --> 00:51:01.119
it is that is yeah, it is what it is.

932
00:51:01.519 --> 00:51:04.800
On the on the calendar. Next week, we've got Monday,

933
00:51:04.760 --> 00:51:07.079
of course, Veterans Day, and thank you. Shout out to

934
00:51:07.079 --> 00:51:10.440
all of our veterans. I was not able to be

935
00:51:10.480 --> 00:51:13.039
a veteran because of my hearing, which has not gotten

936
00:51:13.079 --> 00:51:16.239
any better over the years, but shout out to all

937
00:51:16.320 --> 00:51:20.599
of our veterans. We are so appreciative of what you did. Uh.

938
00:51:20.840 --> 00:51:25.400
It is a very selfless thing to do to serve

939
00:51:25.400 --> 00:51:27.599
your country in the military, and it's it's kind of

940
00:51:27.599 --> 00:51:30.679
a little scary too. So way to go. Thank you.

941
00:51:30.760 --> 00:51:34.639
We're glad you're still here, and we celebrate you on Monday.

942
00:51:35.639 --> 00:51:39.320
On Wednesday we get the CPI and on Thursday the PPI,

943
00:51:39.480 --> 00:51:42.039
so we'll get look at it, look at what's going on.

944
00:51:42.079 --> 00:51:45.239
I would expect they would be Okay, I don't see

945
00:51:45.239 --> 00:51:48.360
any shocking. I don't expect I'd be shocked if they

946
00:51:48.360 --> 00:51:49.199
were shocking.

947
00:51:50.039 --> 00:51:52.760
Yeah, I mean at this point, I don't think it's

948
00:51:52.760 --> 00:51:55.239
going to move the needle too much right now. I

949
00:51:55.280 --> 00:51:57.519
mean a lot of next week is going to be

950
00:51:57.519 --> 00:52:00.639
looking towards the following week, which is in the videos earnings.

951
00:52:00.679 --> 00:52:02.320
It's going to be the next real market mover.

952
00:52:02.400 --> 00:52:05.000
Yeah, that's a market mover, for sure. It's the market

953
00:52:05.000 --> 00:52:05.639
mover for sure.

954
00:52:05.679 --> 00:52:09.360
Most of the earnings this week got swept under the

955
00:52:09.480 --> 00:52:12.800
rug because they weren't really that important on the grand

956
00:52:12.920 --> 00:52:16.519
scheme of things. But we have I think what seventy

957
00:52:16.559 --> 00:52:18.559
percent have already reported by.

958
00:52:18.440 --> 00:52:21.800
Now, I think of the five hundred SMP stocks, next

959
00:52:21.840 --> 00:52:25.840
week we have nine report, so vast majority of we're

960
00:52:25.920 --> 00:52:28.159
kind of running out of running out of SMP here.

961
00:52:28.199 --> 00:52:29.840
One big important one though, really.

962
00:52:29.960 --> 00:52:34.159
Yeah video, yeah, in videos, absolutely huge days away. Now

963
00:52:34.239 --> 00:52:36.639
is it going to be a doustock too, because we

964
00:52:36.760 --> 00:52:39.920
move all the majors. It's gonna be like Apple Oil

965
00:52:40.000 --> 00:52:41.719
had a very volatile week. It did end the week

966
00:52:41.760 --> 00:52:45.159
up a dollar, the seventy to fifty. Gold another volatile week.

967
00:52:45.199 --> 00:52:48.679
It did end the week down fifty dollars. Bitcoin up

968
00:52:48.719 --> 00:52:51.679
ten percent on the week, so and of course most

969
00:52:51.679 --> 00:52:56.039
of that was on Wednesday. Treasuries the two year treasury

970
00:52:56.039 --> 00:52:58.320
four and a quarter. The ten year treasury four point

971
00:52:58.320 --> 00:53:01.920
three tends to be about this same. I a week

972
00:53:01.960 --> 00:53:05.239
ago I reported that we had done a survey of

973
00:53:05.400 --> 00:53:08.000
maturities on treasuries one, two, three, four, five out to

974
00:53:08.079 --> 00:53:11.679
ten years and one through seven years all four percent.

975
00:53:12.280 --> 00:53:13.760
I get to eight, nine, and ten and went to

976
00:53:13.800 --> 00:53:16.719
four point one, essentially four percent of which you're going

977
00:53:16.760 --> 00:53:19.119
to get whether you want one year or ten. And

978
00:53:19.159 --> 00:53:21.280
you said, well, why would I take a ten year

979
00:53:21.320 --> 00:53:23.400
when I can get the same rate for one year. Well,

980
00:53:23.840 --> 00:53:25.840
if you take a ten year and there's a recession

981
00:53:25.880 --> 00:53:27.800
somewhere in that ten year period, you're going to make

982
00:53:27.840 --> 00:53:30.920
some nice money on you on your tenure. Did you

983
00:53:31.000 --> 00:53:32.000
want to lock that in?

984
00:53:32.239 --> 00:53:35.760
But this week we saw like TLT get hit hard

985
00:53:35.880 --> 00:53:38.280
on those long duration bonds because of the fact that

986
00:53:38.360 --> 00:53:42.119
yields increase significantly on the back end of the curve.

987
00:53:42.199 --> 00:53:44.280
And it's really just the bond market not agreeing with

988
00:53:44.360 --> 00:53:47.199
the Fed right now on what they're doing with cutting

989
00:53:47.239 --> 00:53:49.760
interest rates and the potential risks that that's going to bring.

990
00:53:50.440 --> 00:53:52.280
That we have a position in a twenty year bond

991
00:53:52.280 --> 00:53:54.440
because we thought interest rates would come down. It's paint

992
00:53:54.519 --> 00:53:57.360
us a nice interest rate. Plus we hope for some appreciation,

993
00:53:58.079 --> 00:54:00.840
and we got about ten percent appreciate, thought we could

994
00:54:00.880 --> 00:54:03.480
get fifteen or twenty, gave up the whole ten percent

995
00:54:03.519 --> 00:54:04.679
is right back where we started. Now.

996
00:54:04.679 --> 00:54:07.039
It fell about four percents right off of you know,

997
00:54:07.079 --> 00:54:09.920
his win. It finished a week off flat.

998
00:54:10.039 --> 00:54:11.840
Well, did have the dividend there. I can't recall what

999
00:54:11.880 --> 00:54:14.480
the dividend is, but I can tell you it's simply

1000
00:54:14.559 --> 00:54:17.559
the round three plt Tom Larry Tom. It's three and

1001
00:54:17.599 --> 00:54:19.239
a half three three, three and a half something like

1002
00:54:19.239 --> 00:54:22.119
that yield. But you buy it because you think interest

1003
00:54:22.159 --> 00:54:23.760
rates are going to come down sometime in the next

1004
00:54:23.840 --> 00:54:26.440
year or two. And we bought it at three point

1005
00:54:26.480 --> 00:54:29.679
eight three three point almost four, okay, almost four. It's

1006
00:54:29.719 --> 00:54:32.800
almost what you can get on the treasury short term treasury.

1007
00:54:33.199 --> 00:54:34.840
So we bought it with the idea that we thought

1008
00:54:34.880 --> 00:54:37.000
interest rates would come down. We bought it around ninety

1009
00:54:37.760 --> 00:54:40.119
It went to one hundred and I was coming back

1010
00:54:40.159 --> 00:54:43.679
into ninety one ninety two areas. We'll continue to hold

1011
00:54:43.719 --> 00:54:48.360
it as panish four percent and at some point it'll

1012
00:54:48.400 --> 00:54:49.639
get I think it'll get to the one hundred and

1013
00:54:49.639 --> 00:54:51.239
five hundred and ten area that we're looking for and

1014
00:54:51.280 --> 00:54:51.800
we'll get out.

1015
00:54:52.159 --> 00:54:54.519
So the vis also went down on the week. The

1016
00:54:54.599 --> 00:54:57.719
volatility index for the S and P five hundred shows

1017
00:54:57.760 --> 00:55:00.480
that the overall market is not as scared as it

1018
00:55:00.559 --> 00:55:03.159
was a week ago, and you saw that with the

1019
00:55:03.199 --> 00:55:06.239
market returns. Usually also even with a rally, you could

1020
00:55:06.280 --> 00:55:09.119
see the vics increase because of the increase in volume,

1021
00:55:09.119 --> 00:55:11.360
but there was just no one on the seller side.

1022
00:55:11.440 --> 00:55:14.159
So even with the huge amount of volume that we had,

1023
00:55:14.639 --> 00:55:18.880
it really decreased the overall value because there's the sellers

1024
00:55:18.920 --> 00:55:19.559
just weren't there.

1025
00:55:19.920 --> 00:55:23.400
The biggest fear coming into the election from a market

1026
00:55:23.440 --> 00:55:25.599
point of view, and why we had gone down for

1027
00:55:25.679 --> 00:55:30.000
two consecutive weeks ahead of the election was a comma evictory,

1028
00:55:30.039 --> 00:55:33.079
which means four more years of the same stuff. And

1029
00:55:33.960 --> 00:55:36.400
regardless of your politics, I think what this election was

1030
00:55:36.440 --> 00:55:39.639
about is just sometimes this country swings a little too

1031
00:55:39.679 --> 00:55:42.760
far one way or the other, and the voters in

1032
00:55:42.800 --> 00:55:45.719
this country tend to correct that. And I think we

1033
00:55:45.960 --> 00:55:47.880
swung a little too far to the left, just a

1034
00:55:47.920 --> 00:55:50.480
little bit tired of open borders, a little bit tired

1035
00:55:50.519 --> 00:55:53.159
of some of the I'm not going to go through

1036
00:55:53.159 --> 00:55:55.760
a myriad of things that we're tired of. But I

1037
00:55:55.840 --> 00:55:58.719
think it was essentially we liked a little bit different direction.

1038
00:55:59.039 --> 00:56:01.840
We need to be a little left left.

1039
00:56:03.159 --> 00:56:05.679
I mean you saw that also with the entire Senate

1040
00:56:05.719 --> 00:56:08.000
and the House. I mean the House is pretty much

1041
00:56:08.079 --> 00:56:11.159
going to be a Republican held majority as well. The

1042
00:56:11.199 --> 00:56:14.519
Senate is by at least three seats, and now you

1043
00:56:14.599 --> 00:56:17.480
have the presidency, So a complete red wave. And what's

1044
00:56:17.519 --> 00:56:19.400
that mean for financial plans?

1045
00:56:19.440 --> 00:56:19.599
Now?

1046
00:56:19.639 --> 00:56:23.920
Well, the twenty twenty five tax end of that Trump

1047
00:56:24.000 --> 00:56:27.760
Act likely will now be extended. Would think he has

1048
00:56:27.800 --> 00:56:29.920
the ability with the House and Senate to get that

1049
00:56:30.000 --> 00:56:33.519
extended now, so you would think that not necessarily it's

1050
00:56:33.559 --> 00:56:35.599
a time where you have to be doing Roth conversions

1051
00:56:35.599 --> 00:56:39.960
because of that specifically, but it is still an opportunity

1052
00:56:40.079 --> 00:56:44.039
to look at your financial plan because things are going

1053
00:56:44.079 --> 00:56:47.199
to change, right, So when you come in you can

1054
00:56:47.239 --> 00:56:49.920
still look at a Wroth conversion and see, just because

1055
00:56:50.440 --> 00:56:53.000
taxes aren't going to change next year, how does it

1056
00:56:53.039 --> 00:56:55.159
save you? Like, for example, we had a couple of

1057
00:56:55.239 --> 00:56:58.599
clients coming in today. One he has a pension paying them.

1058
00:56:58.719 --> 00:57:01.440
It's a It's one of those pensions that you can

1059
00:57:02.599 --> 00:57:05.159
roll over into an iray, right, So you don't have

1060
00:57:05.239 --> 00:57:07.440
to actually take the payments in it. And he's been

1061
00:57:07.440 --> 00:57:11.400
building this IRA and he has room on his income

1062
00:57:11.639 --> 00:57:14.440
about forty thousand where he can do a Roth conversion,

1063
00:57:14.920 --> 00:57:17.480
and so we're doing that and that money once it's

1064
00:57:17.480 --> 00:57:20.639
in the WROTH will grow tax free forever, you know,

1065
00:57:20.760 --> 00:57:23.000
and so he doesn't need the money now. Especially. Also,

1066
00:57:23.000 --> 00:57:25.280
we had another client come in and they're starting their

1067
00:57:25.400 --> 00:57:27.719
r and ds in five years, so there's a four

1068
00:57:27.800 --> 00:57:30.280
year gap where we have about thirty thousand dollars each

1069
00:57:30.360 --> 00:57:33.000
year that is not going to impact their Medicare brackets.

1070
00:57:33.039 --> 00:57:35.400
It's not going to impact their income brackets, but we

1071
00:57:35.440 --> 00:57:39.119
can still save them about seventy estimated seventy thousand dollars

1072
00:57:39.360 --> 00:57:42.199
and taxes over the course of their plan because we're

1073
00:57:42.199 --> 00:57:43.519
doing the strategy proactive.

1074
00:57:43.800 --> 00:57:44.960
Do this client have errors?

1075
00:57:46.719 --> 00:57:50.440
This client wasn't necessarily for the airs, No, just.

1076
00:57:50.400 --> 00:57:52.760
Because I know sometimes the biggest benefit is to the

1077
00:57:52.840 --> 00:57:53.519
errors correct.

1078
00:57:53.960 --> 00:57:56.159
It can be, but it also depends on when you're

1079
00:57:56.199 --> 00:57:58.519
taking it out. You can grow a you can do

1080
00:57:58.559 --> 00:58:01.760
a rock conversion at sixty seventy, and then you start

1081
00:58:01.760 --> 00:58:03.480
living on that money when you're eighty five.

1082
00:58:03.920 --> 00:58:05.480
And one of the questions we hear quite a bit.

1083
00:58:05.519 --> 00:58:09.480
Todd is does it make sense to do a Roth conversion?

1084
00:58:09.480 --> 00:58:11.880
And part of the financial client talks about that. I'll

1085
00:58:11.920 --> 00:58:14.880
tell you specifically, yes, you should know, you shouldn't and

1086
00:58:14.920 --> 00:58:15.320
how much?

1087
00:58:15.679 --> 00:58:15.920
Right?

1088
00:58:16.039 --> 00:58:17.800
I mean, it's pretty pretty cut and dry. I like

1089
00:58:17.880 --> 00:58:22.519
it a lot. The clients diated me last week that

1090
00:58:23.119 --> 00:58:26.119
Trump's the president. We got a Republican House, Republican Senate.

1091
00:58:26.159 --> 00:58:28.800
This is going to be fantastic. Don't forget the first

1092
00:58:28.840 --> 00:58:31.159
two years Trump was president. He had the exact same thing,

1093
00:58:31.599 --> 00:58:35.400
and it wasn't fantastic because Republicans, as we saw with

1094
00:58:35.440 --> 00:58:39.840
the speaker situation in the House, Republicans are not like Democrats.

1095
00:58:39.880 --> 00:58:45.559
Democrats are really good at walking the party line. Republicans

1096
00:58:45.559 --> 00:58:48.440
are like cats. They're all over the place. So trying

1097
00:58:48.480 --> 00:58:52.119
to get all of the Republicans to think is way

1098
00:58:52.159 --> 00:58:54.639
way more difficult than getting all of the Democrats to

1099
00:58:54.679 --> 00:58:56.920
think a certain way. I don't know why. I don't

1100
00:58:56.960 --> 00:59:01.800
know why, but it is what it is. So I

1101
00:59:01.800 --> 00:59:04.119
think the extension of the tax cuts, if it comes,

1102
00:59:04.159 --> 00:59:07.000
and I think it will, is a huge deal. We're

1103
00:59:07.039 --> 00:59:10.599
talking in three four five thousand dollars per family, hard

1104
00:59:10.639 --> 00:59:14.280
dollars out the door that are going to be kept.

1105
00:59:15.360 --> 00:59:19.000
We saw Warren Buffett continue to sell his Applestock again,

1106
00:59:19.039 --> 00:59:21.199
that was his biggest holding. He was one of Apple's

1107
00:59:21.239 --> 00:59:24.440
biggest shareholders, so it could be nothing more than just

1108
00:59:25.079 --> 00:59:27.480
peering back his portfolio to make it more balanced.

1109
00:59:27.519 --> 00:59:29.920
I also saw an article that was talking about the

1110
00:59:29.960 --> 00:59:33.800
potential that he's looking at lowering his tax liability and

1111
00:59:33.880 --> 00:59:36.599
seeing that we're at all time high deficits and that

1112
00:59:37.039 --> 00:59:39.119
maybe now is the lowest tax rate he's ever going

1113
00:59:39.199 --> 00:59:41.400
to see, so maybe he should just pay him now.

1114
00:59:42.440 --> 00:59:45.079
I've heard I've heard people say that that the tax

1115
00:59:45.199 --> 00:59:47.039
tax rate right now is as low as you're ever

1116
00:59:47.079 --> 00:59:48.920
going to see in your lifetime, and I fully agree

1117
00:59:48.920 --> 00:59:49.199
with that.

1118
00:59:49.840 --> 00:59:51.599
Right So that's potentially is what he's thinking.

1119
00:59:51.679 --> 00:59:56.320
I don't see how with the budget deficit growing as

1120
00:59:56.400 --> 00:59:59.559
dramatically as it is and starting to become a problem

1121
00:59:59.760 --> 01:00:03.320
as much as it is, you can ever have tax cuts.

1122
01:00:03.559 --> 01:00:05.559
Yeah, and when you're talking about Warren Buffett's the state,

1123
01:00:05.599 --> 01:00:09.079
the twelve million dollar exclusion doesn't really cut into.

1124
01:00:09.000 --> 01:00:11.559
Much, doesn't how much? Does it? So it doesn't how much.

1125
01:00:11.400 --> 01:00:13.360
The probably step up in basis that most of us

1126
01:00:13.400 --> 01:00:15.679
take advantage of He's not going to have so you

1127
01:00:15.800 --> 01:00:18.400
might as well just bite the bullet. Now pay your taxes.

1128
01:00:18.400 --> 01:00:20.000
It's going to be lower than what it will be.

1129
01:00:20.199 --> 01:00:23.360
He has sold six hundred million shares of Apple this

1130
01:00:23.519 --> 01:00:28.079
year and he still has three hundred million left. Isn't

1131
01:00:28.119 --> 01:00:32.559
that amazing? How about Boying? You know they get the

1132
01:00:32.599 --> 01:00:35.400
machinists strike to end. They ratified the new contract. We

1133
01:00:35.519 --> 01:00:39.199
learned about that on Tuesday. On Wednesday, we learned that

1134
01:00:39.239 --> 01:00:42.320
Trump's been elected. The market goes up fifteen hundred points.

1135
01:00:42.400 --> 01:00:45.639
What's Boying do? Boying opens a dollar higher and then

1136
01:00:45.719 --> 01:00:50.519
drops six dollars to a new two year low. And

1137
01:00:50.559 --> 01:00:53.599
now it has since crawled back from that, but kind

1138
01:00:53.639 --> 01:00:56.000
of where it was before the election. And you just

1139
01:00:56.079 --> 01:00:57.920
wonder what is going on there?

1140
01:00:57.960 --> 01:00:59.880
Well, what was the Tucson company that you said have

1141
01:01:00.039 --> 01:01:00.719
the best week?

1142
01:01:01.679 --> 01:01:05.199
Audio I And if you work for Audio I, good job.

1143
01:01:06.039 --> 01:01:08.719
This is Tucson based company. It's a digital I know.

1144
01:01:08.800 --> 01:01:11.519
I say the same thing. The guys are shrugging their shoulders.

1145
01:01:11.599 --> 01:01:13.360
I said the same thing at art on Grant Road.

1146
01:01:13.719 --> 01:01:17.719
UH is a company that that it does digital accessibility

1147
01:01:17.760 --> 01:01:23.360
platform that helps create accessible websites and applications. That's what

1148
01:01:23.400 --> 01:01:27.719
the company does stock was up five hundred percent in

1149
01:01:27.760 --> 01:01:30.840
the last twelve months. Okay, it's up five hundred percent

1150
01:01:30.880 --> 01:01:34.000
in the last twelve months. Up another twenty percent to

1151
01:01:34.079 --> 01:01:37.119
an all time high on Friday after their most recent

1152
01:01:37.159 --> 01:01:42.920
quarterly report. AUDIOI symbol symbol A eye and.

1153
01:01:43.079 --> 01:01:44.840
MS Tucson, Arizona.

1154
01:01:45.199 --> 01:01:47.079
The headquarters is in Tucson, Arizona.

1155
01:01:47.360 --> 01:01:48.119
What do they do again?

1156
01:01:48.239 --> 01:01:52.960
I think it's okay, digital accessibility platform that helps businesses

1157
01:01:53.400 --> 01:01:57.960
create accessible websites and applications. And they're just kicking it

1158
01:01:58.000 --> 01:02:00.519
and taking names. I mean it's.

1159
01:02:00.320 --> 01:02:03.800
Entering fourteen employees. CEO's David Murati.

1160
01:02:03.920 --> 01:02:04.840
What's their job, Dave?

1161
01:02:04.960 --> 01:02:05.880
What's the market cap?

1162
01:02:08.239 --> 01:02:09.599
Three hundred and seventy six million.

1163
01:02:10.320 --> 01:02:11.599
No, they're just don a great job.

1164
01:02:11.679 --> 01:02:13.599
I mean it's a micro cap.

1165
01:02:13.880 --> 01:02:16.119
It's okay. It's a Chu Sound company that's employing one.

1166
01:02:16.119 --> 01:02:18.320
Hundred people and they were founded in two thousand and five.

1167
01:02:18.639 --> 01:02:19.239
Good for them.

1168
01:02:19.360 --> 01:02:21.519
Yeah. No, it's a Cheo Sound company that's employing one

1169
01:02:21.559 --> 01:02:23.159
hundred people and making a lot of people a lot

1170
01:02:23.159 --> 01:02:23.480
of money.

1171
01:02:23.519 --> 01:02:25.920
Oh yeah, for the two song people listening, it is

1172
01:02:25.960 --> 01:02:27.199
a microcap.

1173
01:02:26.719 --> 01:02:29.880
So it's thereful. See how was speaking of speaking of microcaps?

1174
01:02:29.920 --> 01:02:30.679
How about Costco.

1175
01:02:30.800 --> 01:02:33.079
Huh probably that's a micro microcap.

1176
01:02:33.119 --> 01:02:35.719
Probably not huh No, not a great segue.

1177
01:02:35.920 --> 01:02:37.960
What a week at Costco? Haad. You know Costco is

1178
01:02:38.000 --> 01:02:39.840
one of those docs. It'll move up or down a

1179
01:02:39.880 --> 01:02:43.519
couple of percent here and there, ten percent this week. Wow.

1180
01:02:43.599 --> 01:02:45.920
And and really just on a night a report to

1181
01:02:46.000 --> 01:02:49.639
show same store sales where we're a five percent above

1182
01:02:50.079 --> 01:02:53.559
uh what they were last here, which is kind of okay.

1183
01:02:54.239 --> 01:02:56.800
I've seen many reports like that, and I don't know

1184
01:02:56.800 --> 01:03:00.559
what the election and then just ignited that doc. And

1185
01:03:00.840 --> 01:03:03.039
Lily was another one up. Let's talk a little bit

1186
01:03:03.039 --> 01:03:06.000
about that space that GLP won, the weight loss space.

1187
01:03:06.880 --> 01:03:09.840
Viking Therapeutics jump ten percent at the open on Monday

1188
01:03:09.840 --> 01:03:13.360
after they announced promising results from their weight loss pill,

1189
01:03:14.360 --> 01:03:17.400
but then they gave up all of the games after Astrosenka,

1190
01:03:17.400 --> 01:03:21.719
a bigger company, said they also had a weight loss pill.

1191
01:03:22.519 --> 01:03:25.199
And who doesn't want to pill versus an injection shot?

1192
01:03:25.519 --> 01:03:29.199
Right now? Eli Lily is remember Eli Lily has had

1193
01:03:29.360 --> 01:03:31.719
both of those companies in their quest for a weight

1194
01:03:31.760 --> 01:03:35.679
loss pill. But Lily's shares were down twenty percent from

1195
01:03:35.679 --> 01:03:39.000
their August high, twenty from the August high. I got

1196
01:03:39.000 --> 01:03:41.320
down in the seven sixty area. I think it was

1197
01:03:41.360 --> 01:03:46.039
on Wednesday down in that big rally on Wednesday where

1198
01:03:46.079 --> 01:03:49.840
everything was going to the moon. Compound pharmacies are taking

1199
01:03:49.880 --> 01:03:53.480
a share of their market. Both Lily and Novo Nordik,

1200
01:03:53.480 --> 01:03:58.599
who makes Logovi, have a sued to make that stop.

1201
01:03:58.639 --> 01:04:04.960
But the concern the reporters, uh Novo Nordous, excuse my

1202
01:04:06.679 --> 01:04:09.039
reported sales of their weight lost drug. Well, GOVI, we're

1203
01:04:09.079 --> 01:04:11.360
seventy nine percent higher than a year ago in the

1204
01:04:11.360 --> 01:04:16.239
stock responded by selling off in Wednesday's strong market. Now

1205
01:04:16.920 --> 01:04:19.719
related to that Hyms and Hers Health, which is one

1206
01:04:19.760 --> 01:04:22.599
of those compound pharmacies, And back when there was a

1207
01:04:22.679 --> 01:04:27.639
shortage of the product, Novo and Lily got a hold

1208
01:04:27.679 --> 01:04:30.079
of people like Him's and hers and said, can you

1209
01:04:30.159 --> 01:04:33.199
help us manufacture this stuff? Oh yeah, we can help you.

1210
01:04:33.400 --> 01:04:37.000
Here's the formula. Okay, good, let's go do it. Hym's

1211
01:04:37.039 --> 01:04:39.719
and herstock game nine percent at the open on Tuesday,

1212
01:04:40.039 --> 01:04:44.480
after reporting a strong quarter and raising guidance. Wonder why

1213
01:04:45.480 --> 01:04:47.960
they're raising guidance because the federal government said, oh, you

1214
01:04:48.000 --> 01:04:50.159
can go ahead, compounding pharmacies. Do you go ahead and

1215
01:04:50.159 --> 01:04:50.719
make that stuff?

1216
01:04:50.719 --> 01:04:54.320
Do you know where Eli Lilly manufactures the drugs. I

1217
01:04:54.360 --> 01:04:58.000
assume the United West. I assume yeah, right, Novo management, Oh.

1218
01:04:57.880 --> 01:05:00.880
You know what, No, No, because the dock workers strike

1219
01:05:00.960 --> 01:05:02.199
on the East coast, but.

1220
01:05:02.159 --> 01:05:04.239
It's some of the United States, I don't think so.

1221
01:05:04.239 --> 01:05:07.039
The dock worker strikes on the East Coast really cut

1222
01:05:07.440 --> 01:05:10.440
even though it was only three days NOD shortages. I

1223
01:05:10.440 --> 01:05:14.039
thought that that was for Novo Novo and Lily both well,

1224
01:05:14.079 --> 01:05:15.480
let's look it up, but it'd be something we can.

1225
01:05:15.599 --> 01:05:19.199
The only reason that I was wondering because no, if

1226
01:05:19.559 --> 01:05:24.280
if Novo manufactures it in wherever overseas, are they going

1227
01:05:24.320 --> 01:05:26.079
to start being charged terriffs to bring it over?

1228
01:05:26.239 --> 01:05:26.519
Yeah?

1229
01:05:26.760 --> 01:05:26.960
Right?

1230
01:05:27.000 --> 01:05:28.920
And if you like Lily does not have to pay

1231
01:05:28.960 --> 01:05:31.280
those stairs, well there's a benefit there.

1232
01:05:31.360 --> 01:05:34.719
Point is a demand for the U weight loss drugs

1233
01:05:34.800 --> 01:05:37.679
is high. But and Lily thought they were going to

1234
01:05:38.079 --> 01:05:40.440
be able to print money for a couple of decades,

1235
01:05:40.480 --> 01:05:44.039
and turns out with these compounding pharmacies, getting involved is

1236
01:05:44.079 --> 01:05:48.519
harder and harder. Jever, Peloton, you know, the Peloton is

1237
01:05:48.559 --> 01:05:51.480
one of those companies that we thought was probably out

1238
01:05:51.480 --> 01:05:54.199
of business, right, one of those companies it's going to

1239
01:05:54.280 --> 01:05:57.480
be it's gonna be a great place to hang your clothes.

1240
01:05:57.679 --> 01:06:01.519
It's always going to be a great close, you know.

1241
01:06:01.559 --> 01:06:03.559
They said they're going to be selling to Costco from

1242
01:06:03.599 --> 01:06:07.159
November first until I think it's February fifteenth, so he

1243
01:06:07.239 --> 01:06:11.320
can buy one at Costco. Monday, Bank of America raised

1244
01:06:11.320 --> 01:06:15.239
the stock to a buy, saying it sees many miles

1245
01:06:15.239 --> 01:06:19.559
of Ernie's growth under Peloton's new CEO, who starts in January.

1246
01:06:20.320 --> 01:06:23.039
It's kind of like the Starbucks bringing in Brian Nichols. Yeah,

1247
01:06:23.199 --> 01:06:27.840
they said, this guy's formerly of Apple. CEO is formerly

1248
01:06:27.840 --> 01:06:31.000
from Apple and he starts in January. And the Bank

1249
01:06:31.039 --> 01:06:33.840
of America said, could be all that interesting?

1250
01:06:34.039 --> 01:06:36.480
Could be all that well, the IRL I was gonna say.

1251
01:06:36.480 --> 01:06:39.840
The IRS has announced higher four to one K contribution

1252
01:06:40.000 --> 01:06:43.360
limits for twenty twenty five. Starting in twenty five, employees

1253
01:06:43.400 --> 01:06:46.719
can defer up to twenty three thousand, five hundred dollars.

1254
01:06:47.400 --> 01:06:49.840
That's up from the twenty three thousand dollars in twenty

1255
01:06:49.840 --> 01:06:53.679
twenty four. Only fourteen percent of employees deferred the maximum

1256
01:06:53.760 --> 01:06:57.440
out into four one K plans in twenty three, according

1257
01:06:57.480 --> 01:07:00.639
to Vanguard, and across all plans, the average four to

1258
01:07:00.679 --> 01:07:04.039
one K deferral rate is seven point four percent. That's

1259
01:07:04.079 --> 01:07:07.000
not including the match. So that's the average across the board.

1260
01:07:07.840 --> 01:07:10.719
Starting in twenty twenty five as well, workers age sixty

1261
01:07:10.719 --> 01:07:14.039
to sixty three can boost annual four to one K

1262
01:07:14.159 --> 01:07:18.320
catchup contributions to eleven thousand, two hundred and fifty dollars

1263
01:07:18.400 --> 01:07:21.280
per year. This is different than the fifty and older

1264
01:07:21.440 --> 01:07:25.840
ketchup contribution that is still remains at seven thousand, five

1265
01:07:25.920 --> 01:07:28.639
hundred dollars. So when you're sixty to sixty three you

1266
01:07:28.679 --> 01:07:31.079
can do even up more. You can boost it to

1267
01:07:31.119 --> 01:07:33.519
eleven two hundred and fifty, but then once you're over

1268
01:07:33.559 --> 01:07:35.559
sixty three, you go back to the regular fifty and

1269
01:07:35.599 --> 01:07:37.159
older ketchup contribution.

1270
01:07:37.320 --> 01:07:39.639
Eleven thousand and two fifty on top of the twenty

1271
01:07:39.679 --> 01:07:41.920
three thousand, on top of the twenty three thousands. Is

1272
01:07:42.000 --> 01:07:44.760
that funny twenty three thousand dollars a year that you

1273
01:07:44.840 --> 01:07:48.239
can contribute, and of course a good chunk of that's matched. Yeah.

1274
01:07:48.320 --> 01:07:50.800
So let's say the average person, if your max not

1275
01:07:50.920 --> 01:07:53.679
your four one K, be about thirty five thousand per year, right,

1276
01:07:54.000 --> 01:07:55.800
what's the average balance in a four to one K

1277
01:07:55.840 --> 01:07:58.559
in the United States? Wins seventy No, it's like fifty

1278
01:07:58.559 --> 01:08:02.400
grand really yeah, yeah, yeah, to google that one. We

1279
01:08:02.440 --> 01:08:04.239
will come back after the break and talk about it.

1280
01:08:04.239 --> 01:08:05.239
But it's low.

1281
01:08:05.880 --> 01:08:07.800
Yeah, the average well, actually, you know what, I believe

1282
01:08:07.880 --> 01:08:10.440
that because you know, think about all the part time

1283
01:08:10.519 --> 01:08:12.480
jobs that do offer and just prompts you into those

1284
01:08:12.480 --> 01:08:14.360
four to one K plans and just you might not

1285
01:08:14.400 --> 01:08:16.399
even know that you're contributing, and you might be contributing

1286
01:08:16.399 --> 01:08:20.000
two or three dollars per paycheck, So those get lost

1287
01:08:20.039 --> 01:08:21.560
out there bring the average down.

1288
01:08:22.479 --> 01:08:25.199
The average four one K balance as of twenty twenty

1289
01:08:25.199 --> 01:08:28.560
four is approximately one thirty four. That's the average, though,

1290
01:08:28.600 --> 01:08:30.279
if you want to take a median, you would get

1291
01:08:30.279 --> 01:08:31.880
a thirty five thousand dollars number.

1292
01:08:32.000 --> 01:08:33.840
Wow, the median is thirty five thousand.

1293
01:08:33.960 --> 01:08:36.319
Yeah, the average is one thirty four because you get

1294
01:08:36.359 --> 01:08:37.760
skewed with big people.

1295
01:08:37.560 --> 01:08:40.479
Medium being the same number above as below. So the

1296
01:08:40.520 --> 01:08:43.600
median the middle one. If you had ten numbers tied up,

1297
01:08:43.640 --> 01:08:46.560
the middle one would be five. Right, So the middle

1298
01:08:46.600 --> 01:08:48.119
one is thirty five thousand dollars.

1299
01:08:48.159 --> 01:08:50.560
If you want to take even individuals age sixty five

1300
01:08:50.600 --> 01:08:54.520
and older, the median is only eighty eight for sixty

1301
01:08:54.520 --> 01:08:55.159
five and older.

1302
01:08:55.279 --> 01:08:56.960
That's really impressive.

1303
01:08:57.199 --> 01:09:00.319
Yeah, yeah, I got average two seven. Oh I saw

1304
01:09:00.319 --> 01:09:00.680
that number.

1305
01:09:00.960 --> 01:09:03.159
Wait, well over sixty five. I guess that it might

1306
01:09:03.199 --> 01:09:05.640
make sense because they might have already converted into an IRA.

1307
01:09:05.920 --> 01:09:09.279
No no, no, no, that's not what it meant. Oh no,

1308
01:09:09.399 --> 01:09:12.560
it's average. So the people who still have four to

1309
01:09:12.600 --> 01:09:15.920
one k's, it doesn't.

1310
01:09:15.039 --> 01:09:16.920
Most people work in tell their sixty five when you

1311
01:09:16.920 --> 01:09:20.199
get medicare, right, I mean no, if you stop working

1312
01:09:20.199 --> 01:09:24.800
before sixty five, you've got healthcare issues, healthcare insurance issues.

1313
01:09:25.359 --> 01:09:26.840
Where are you going to get your insurance? Now? Some

1314
01:09:26.880 --> 01:09:29.399
companies will allow you to carry with you, but most

1315
01:09:29.399 --> 01:09:32.560
of the time you're you're looking at in private. Cobra.

1316
01:09:33.079 --> 01:09:34.000
Another thing is.

1317
01:09:34.000 --> 01:09:36.399
Very expensive, very expensive. Oh yeah.

1318
01:09:36.439 --> 01:09:38.600
Cobra is something that we you know, obviously talk about

1319
01:09:38.600 --> 01:09:41.880
in the financial plan, especially when people are finally retiring

1320
01:09:41.920 --> 01:09:45.279
and you get that little six month window. Something that

1321
01:09:45.279 --> 01:09:47.760
else is going to impact financial plans is the capital

1322
01:09:47.800 --> 01:09:50.760
gains tax rates. For twenty twenty five, they've upped it,

1323
01:09:51.600 --> 01:09:54.880
meaning how much you're able to sell before you actually

1324
01:09:54.920 --> 01:09:57.840
experience capital gains. For single filers, you can sell up

1325
01:09:57.840 --> 01:10:00.960
to forty eight thousand, you'll have zero percent. For married

1326
01:10:01.000 --> 01:10:03.359
that's up to ninety six to get in the fifteen

1327
01:10:03.399 --> 01:10:07.159
percent bracket. You're anything above those numbers, and you can

1328
01:10:07.479 --> 01:10:09.079
have all the way up to six hundred k for

1329
01:10:09.199 --> 01:10:12.119
married in five point thirty three for singles, So pretty

1330
01:10:12.119 --> 01:10:15.760
big increases on those levels. Everything more than that is

1331
01:10:15.800 --> 01:10:18.720
twenty percent on the capital gains. So we are able

1332
01:10:18.760 --> 01:10:20.680
to model all that you know with the with the

1333
01:10:20.720 --> 01:10:23.199
numbers now given to us for twenty twenty five. So

1334
01:10:23.239 --> 01:10:25.399
if there's anything that you're looking at selling seeing how

1335
01:10:25.439 --> 01:10:28.079
that's going to impact your financial plan, and twenty twenty

1336
01:10:28.079 --> 01:10:30.640
five come in here, we can do a plan now

1337
01:10:30.880 --> 01:10:32.000
and plan.

1338
01:10:32.600 --> 01:10:36.439
Yeah. Again, the financial plan addresses that, It addresses social security,

1339
01:10:36.479 --> 01:10:41.800
it addresses four or one case, it addresses I are wroth, conversions,

1340
01:10:42.399 --> 01:10:46.840
all of those things. And when you get to older

1341
01:10:47.039 --> 01:10:49.920
in life, a lot of things to come into play

1342
01:10:49.960 --> 01:10:52.159
that you have no experience with because if you only

1343
01:10:52.199 --> 01:10:54.359
deal with them as you get to retirement age. And

1344
01:10:54.760 --> 01:10:57.800
one of the things that people often hear, why I

1345
01:10:57.800 --> 01:10:59.680
want to retire at fifty or I want to retire

1346
01:10:59.720 --> 01:11:03.920
fifty whatever. The prime one of the primary things that

1347
01:11:03.960 --> 01:11:06.399
people do not think about when they talk about that

1348
01:11:06.520 --> 01:11:11.399
is healthcare. And healthcare is so expensive and it's so

1349
01:11:11.520 --> 01:11:16.199
important and It's one of those things that's kind of

1350
01:11:16.239 --> 01:11:19.840
not talked about. I know you guys speak about that

1351
01:11:20.199 --> 01:11:21.960
in your financial plan.

1352
01:11:22.159 --> 01:11:23.920
Yeah, we make sure everyone has a plan for what

1353
01:11:24.000 --> 01:11:26.920
they're actually going to do, Medicare advantage, Medicare supplement, the

1354
01:11:27.279 --> 01:11:29.560
pros and cons of each and what you need, and

1355
01:11:29.640 --> 01:11:32.479
even into questions like estate planning, whether you need a

1356
01:11:32.520 --> 01:11:35.840
trust or just simple beneficiaries, and how to best go about,

1357
01:11:35.880 --> 01:11:38.119
you know, setting up a beneficiary a deed versus actually

1358
01:11:38.239 --> 01:11:39.760
naming it in the name of the trust, and the

1359
01:11:39.760 --> 01:11:42.600
differences that are involved with those two things. And you know,

1360
01:11:42.680 --> 01:11:45.079
and like we've already talked about the tax planning side

1361
01:11:45.079 --> 01:11:49.840
of the questions with roth conversions and income oriented questions

1362
01:11:49.880 --> 01:11:53.760
about pensions coming in the door or lump some deposits

1363
01:11:53.760 --> 01:11:56.359
that are being made because when you retire, like firefighters

1364
01:11:56.359 --> 01:11:59.800
for example, or policemen, they get that five year drop

1365
01:12:00.199 --> 01:12:02.119
that all of a sudden they get a lump sum

1366
01:12:02.359 --> 01:12:05.039
that they can either roll in or or pay taxes on.

1367
01:12:05.119 --> 01:12:07.159
So you got to look at those implications.

1368
01:12:06.640 --> 01:12:10.159
Unique situations that we're we can talk about. We're pretty

1369
01:12:10.159 --> 01:12:12.520
conversion in those things. So come and see us. We'd

1370
01:12:12.520 --> 01:12:14.479
love to help you. We'll be back right out of

1371
01:12:14.560 --> 01:12:16.880
this break with more of the Moneymenter Show.

1372
01:12:24.600 --> 01:12:26.239
Welcome back to the Money Matter Show. My name is

1373
01:12:26.279 --> 01:12:28.920
Sebastian Borsini. I'm here with David Sherwood and Todd and Flick.

1374
01:12:29.680 --> 01:12:31.760
So you know, we already got some calls from clients

1375
01:12:31.760 --> 01:12:34.119
saying it's time we got to build pedal to the metal,

1376
01:12:34.399 --> 01:12:36.199
and we got what we wanted and it's time to

1377
01:12:36.199 --> 01:12:39.279
be aggressive. Many of those calls, and so it takes

1378
01:12:39.319 --> 01:12:41.560
into account. First off, if you have that, let's let's

1379
01:12:41.560 --> 01:12:45.000
do a risk assessment. Make sure you'll your risk tolerance

1380
01:12:45.039 --> 01:12:47.000
can handle that, because at the end of the day,

1381
01:12:47.000 --> 01:12:50.920
a president is not gonna make or break a market performance,

1382
01:12:50.920 --> 01:12:53.760
and especially won't in the next six months. For example,

1383
01:12:53.760 --> 01:12:55.760
he's not even in office for the next three months,

1384
01:12:55.880 --> 01:12:58.319
and even in the first three months he's in can't

1385
01:12:58.319 --> 01:13:00.920
do much. You know, that's really going to have an

1386
01:13:01.079 --> 01:13:04.960
immediate impact on financial markets. Yes, markets do price out

1387
01:13:05.039 --> 01:13:07.399
six months and a year in advance, but there's a

1388
01:13:07.439 --> 01:13:11.239
lot of unknown still and you can't necessarily say we've

1389
01:13:11.239 --> 01:13:13.720
got to be super aggressive when we're at all time highs.

1390
01:13:13.760 --> 01:13:15.800
We're hit six thousand for the first time ever on

1391
01:13:15.840 --> 01:13:18.119
the S and p we want two thousand points on

1392
01:13:18.159 --> 01:13:20.560
the Dow. Every single one of the indexes we follow

1393
01:13:20.640 --> 01:13:23.720
hit all time highs. It's not prudent to say this

1394
01:13:23.800 --> 01:13:25.239
is the time to go pedal to the metal.

1395
01:13:25.640 --> 01:13:27.840
And the primary reason that you would make any change

1396
01:13:27.880 --> 01:13:30.840
to your portfolio as a result of the election that

1397
01:13:30.880 --> 01:13:34.199
we just had is if your investment objectives have changed.

1398
01:13:34.880 --> 01:13:38.560
If your investment objectives have not changed, don't change your

1399
01:13:38.600 --> 01:13:42.119
allocation because this thing is that, this thing's going to

1400
01:13:42.239 --> 01:13:46.239
roll over at some point. I'm not concerned about a

1401
01:13:46.439 --> 01:13:51.159
fifteen to twenty percent Katie by the Door selloff, but

1402
01:13:51.199 --> 01:13:53.279
there has to be a pullback. I mean, this is

1403
01:13:53.319 --> 01:13:57.920
you fork trees do not grow to this guy charge

1404
01:13:58.840 --> 01:14:04.560
parabolic looking in charge, tend to correct, and when the

1405
01:14:04.600 --> 01:14:08.319
correction takes place, you get a five to ten percent drop.

1406
01:14:08.640 --> 01:14:10.840
I think that's probably all there is now, because there's

1407
01:14:10.880 --> 01:14:12.840
a lot of people that mith this that would like

1408
01:14:12.880 --> 01:14:16.319
to be involved. Man are more comfortable now that with

1409
01:14:16.880 --> 01:14:21.239
a president that's more business oriented. It's a border sealed.

1410
01:14:21.520 --> 01:14:25.479
All of these things that seem craziness. You know, stop

1411
01:14:25.560 --> 01:14:27.399
the craziness if you will, And.

1412
01:14:27.399 --> 01:14:30.479
You can't forget with higher rates you're being paid to

1413
01:14:30.520 --> 01:14:34.039
be patients still have four point five percent when you're

1414
01:14:34.079 --> 01:14:38.279
sitting on the sidelines, and that is more than inflation

1415
01:14:38.399 --> 01:14:41.520
rate currently. It's actually more than double the current inflation rate.

1416
01:14:41.920 --> 01:14:44.199
So as much as yes, I know, inflation rates hit

1417
01:14:44.199 --> 01:14:46.520
people differently and it could be higher than what you

1418
01:14:46.560 --> 01:14:49.479
actually think it's being told to you as, but four

1419
01:14:49.520 --> 01:14:52.159
point five percent will keep you steady, you know, And

1420
01:14:52.199 --> 01:14:55.600
then you're taking zero risk sitting on the sidelines. While

1421
01:14:55.640 --> 01:14:57.880
doing that, The question is do you take that zero

1422
01:14:58.000 --> 01:15:00.199
risk money and put it to risk at all time

1423
01:15:00.279 --> 01:15:03.079
highs and you're not guaranteed that four and a half

1424
01:15:03.159 --> 01:15:05.560
percent in the same way you would be in a treasury.

1425
01:15:05.840 --> 01:15:07.359
So that's the question you have to make.

1426
01:15:07.800 --> 01:15:13.039
Yeah, someone we got to call a Wednesday morning early

1427
01:15:13.399 --> 01:15:15.359
right after the election, right, and you go well with

1428
01:15:15.479 --> 01:15:17.279
Trump in now, I think it probably need to be

1429
01:15:17.319 --> 01:15:19.720
more aggressive. It's a sixty five year old retired person

1430
01:15:20.039 --> 01:15:22.760
who's a balanced account I said, oh, okay, do you want

1431
01:15:22.760 --> 01:15:24.439
to get more aggressive? But we're at the all time

1432
01:15:24.520 --> 01:15:27.840
high so this is a good spot to add. Are

1433
01:15:27.880 --> 01:15:30.319
we supposed to buy low? I don't know. I remember

1434
01:15:30.319 --> 01:15:33.439
that from some class somewhere by low, sell high, not

1435
01:15:33.680 --> 01:15:36.720
buy high sell low. It just seemed like an odd high.

1436
01:15:37.199 --> 01:15:40.279
This is an odd time to become more aggressive, that's all.

1437
01:15:40.600 --> 01:15:44.720
It's tough to do it at this time. You understand why,

1438
01:15:45.039 --> 01:15:48.600
you know, oh absolutely, But when you're up, I mean,

1439
01:15:48.680 --> 01:15:50.319
if you look at it right now, off the lows,

1440
01:15:50.359 --> 01:15:52.439
the S and P up thirty eight percent, and that's

1441
01:15:52.439 --> 01:15:54.439
just in a fifty two week period. It's up more

1442
01:15:54.479 --> 01:15:57.920
since the October twenty three lows that we had then

1443
01:15:57.960 --> 01:15:59.960
now as I got forty two percent off their low.

1444
01:16:00.319 --> 01:16:02.800
I mean, these are huge increases in just a fifty

1445
01:16:02.880 --> 01:16:07.560
two week period. I mean, how bullish can you continue

1446
01:16:07.600 --> 01:16:11.199
to be? Also, a lot of the historical evidence shows

1447
01:16:11.760 --> 01:16:16.199
the next month should be pretty tough to continue these gains,

1448
01:16:16.560 --> 01:16:18.800
you know, even though it's historically good time of the year.

1449
01:16:19.600 --> 01:16:22.119
Averages show that when you have this huge run up,

1450
01:16:22.159 --> 01:16:25.800
you normally have a pullback after that. So honestly, you

1451
01:16:25.880 --> 01:16:28.479
might get a little more aggressive middle December, end of

1452
01:16:28.479 --> 01:16:30.920
December as we run into twenty five, because like we said,

1453
01:16:31.039 --> 01:16:32.760
there isn't too much to be feared, and yeah, if

1454
01:16:32.800 --> 01:16:36.159
the video reports good, what's to be feared after that?

1455
01:16:36.479 --> 01:16:38.560
Seems like the FED says they're going to cut again

1456
01:16:38.600 --> 01:16:41.640
in December. They might hold in January, but the market

1457
01:16:41.680 --> 01:16:44.279
seems to know that already, and so if the video

1458
01:16:44.359 --> 01:16:47.479
reports good, we could just continue to eat higher and higher.

1459
01:16:48.039 --> 01:16:50.479
We said here on November tenth, if someone would just

1460
01:16:50.520 --> 01:16:52.520
say to me, okay, you get your life saving, you

1461
01:16:52.520 --> 01:16:56.520
can bet you go long or short. I'm short. Yeah,

1462
01:16:56.600 --> 01:16:58.880
I'm short. You know for the next six months, For

1463
01:16:58.880 --> 01:17:00.439
the next six months, where are you going to be longer?

1464
01:17:00.479 --> 01:17:02.399
Short to market? I want to be short to market.

1465
01:17:02.680 --> 01:17:04.600
Yeah. I think that's a tough period because I do

1466
01:17:04.680 --> 01:17:07.199
think in the six month, six months from now, I

1467
01:17:07.199 --> 01:17:10.039
think it's a good likelihood that will be higher personally,

1468
01:17:10.359 --> 01:17:11.840
But I think in the next time.

1469
01:17:11.840 --> 01:17:13.560
Ring was probably a little longer. I think of more

1470
01:17:13.600 --> 01:17:15.800
short term in the next sixty to ninety days, yeah,

1471
01:17:16.039 --> 01:17:18.079
I'd be more probably. And even though this is a

1472
01:17:18.159 --> 01:17:20.439
seasonally really good time of the year for the market,

1473
01:17:20.479 --> 01:17:24.800
that's the other side. November, December, January good for fifty

1474
01:17:24.840 --> 01:17:28.239
percent of all gains historically. But look at the run

1475
01:17:28.279 --> 01:17:28.960
we've had.

1476
01:17:28.800 --> 01:17:31.359
And this year hasn't really gone towards thee.

1477
01:17:31.439 --> 01:17:34.119
Has not September. The only down month of the year

1478
01:17:34.239 --> 01:17:37.359
was April, which is the second best month of the year.

1479
01:17:37.399 --> 01:17:42.319
Traditionally September October typically not good months for stock, both

1480
01:17:42.399 --> 01:17:46.199
up a couple percent. Did we eat up some of

1481
01:17:46.239 --> 01:17:51.720
that November, December, January, back in September and October? Possibly?

1482
01:17:52.800 --> 01:17:56.279
I remember December of what twenty eighteen when it essentially

1483
01:17:56.319 --> 01:17:59.720
crashed down seven hundred points in a half a day session.

1484
01:18:00.199 --> 01:18:04.119
Christmas Eve, Merry Christmas. You know, I'm over in California

1485
01:18:04.119 --> 01:18:06.359
with my grandkids looking at the futures, going looking at

1486
01:18:06.399 --> 01:18:09.560
the market, going, what are you kidding me? And of

1487
01:18:09.560 --> 01:18:12.800
course the doll wasn't anywhere near forty four thousand then

1488
01:18:12.840 --> 01:18:16.239
it was probably more like twenty five thousand, down seven

1489
01:18:16.319 --> 01:18:18.640
hundred points in one day, and it's a half a

1490
01:18:18.720 --> 01:18:21.800
day trading. Are you serious? And then we got in

1491
01:18:21.840 --> 01:18:23.760
the car to come back on the day after Christmas

1492
01:18:23.760 --> 01:18:26.079
and we're about the palm springs. My wife said, what's

1493
01:18:26.079 --> 01:18:29.199
the market doing. I said, I can't look, I haven't looked.

1494
01:18:29.199 --> 01:18:31.479
I don't have no idea. And she said, give me

1495
01:18:31.520 --> 01:18:33.880
a phone, and she pulls the phone and it was

1496
01:18:33.960 --> 01:18:34.840
up a thousand points.

1497
01:18:34.920 --> 01:18:35.439
Oh wow.

1498
01:18:35.560 --> 01:18:38.159
Yeah. So, but you know, those kinds of that kind

1499
01:18:38.159 --> 01:18:41.039
of volatility, and we've had periods where up and down

1500
01:18:41.039 --> 01:18:44.079
a thousand points a day is not unusual, goes on

1501
01:18:44.159 --> 01:18:49.119
for weeks. This has been really special time or really

1502
01:18:49.239 --> 01:18:54.159
unique time. There is I feel no fear in the

1503
01:18:54.199 --> 01:18:57.840
market at all, which is generally not a good sign. Todd,

1504
01:18:57.880 --> 01:19:00.800
you said the fear index has dropped to the level

1505
01:19:01.239 --> 01:19:04.479
in quite a while. Yeah, and all of those are

1506
01:19:04.479 --> 01:19:09.600
indications that investors have become complacent and well.

1507
01:19:09.640 --> 01:19:12.960
Also, normally with the fear index going down, the dollar

1508
01:19:13.079 --> 01:19:15.520
goes down too, because a dollar is a safe have

1509
01:19:15.640 --> 01:19:16.079
in trade.

1510
01:19:16.319 --> 01:19:18.279
Sure, what do you see this week?

1511
01:19:18.359 --> 01:19:22.039
Dollar gains a lot of value, and that's because rates

1512
01:19:22.079 --> 01:19:24.399
went up quite a bit in response to Trump's victory,

1513
01:19:24.520 --> 01:19:29.520
So you did not have the normal financial market correlations

1514
01:19:29.520 --> 01:19:32.239
that you tend to see. Right, Rates being hired tends

1515
01:19:32.279 --> 01:19:35.199
to weigh on small cap stocks, well, small caps led

1516
01:19:35.239 --> 01:19:35.720
the way.

1517
01:19:35.680 --> 01:19:37.800
Were talking about real estate and house it seems to

1518
01:19:37.840 --> 01:19:41.520
have slowed down out there, and my daughter in Orange County, California, said,

1519
01:19:41.520 --> 01:19:44.239
they're seeing it in Orange County as well, slow down,

1520
01:19:44.319 --> 01:19:46.960
prices coming down. And you know, if you're seeing in

1521
01:19:46.960 --> 01:19:50.880
Orange County, you're seeing it everywhere. The prices almost never

1522
01:19:50.920 --> 01:19:54.000
go down there. According to the National Association of realtors.

1523
01:19:54.039 --> 01:19:57.560
I thought this was interesting. The average age of home

1524
01:19:57.600 --> 01:20:01.479
buyers in the US has risen by years, from forty

1525
01:20:01.560 --> 01:20:04.880
nine to fifty six. That's the average age of a

1526
01:20:04.880 --> 01:20:07.520
home buyer, and that's in the last twelve months. It's

1527
01:20:07.560 --> 01:20:10.560
gone from forty nine to fifty six in the last

1528
01:20:10.600 --> 01:20:13.520
twelve months. And it's another sign that younger Americans are

1529
01:20:13.520 --> 01:20:16.520
simply being priced out of the market, especially in areas

1530
01:20:16.600 --> 01:20:21.359
like New York, the East Coast California being another one.

1531
01:20:21.560 --> 01:20:24.840
The medium get this, the medium age of first time

1532
01:20:24.880 --> 01:20:29.800
home buyers is thirty is thirty eight. The medium age

1533
01:20:29.800 --> 01:20:32.640
of first time home buyers is thirty eight years old,

1534
01:20:33.039 --> 01:20:38.880
which is the highest it's ever been. It marks the

1535
01:20:38.880 --> 01:20:42.000
the amount of homes To excuse me, the percentage homes

1536
01:20:42.520 --> 01:20:45.439
bought by first timers dropped from thirty two percent to

1537
01:20:45.479 --> 01:20:48.680
twenty four percent. So twenty four percent of real estate

1538
01:20:48.760 --> 01:20:53.479
purchases were first time home buyers. That's the lowest percentage

1539
01:20:53.520 --> 01:20:58.359
since they begin keeping records in nineteen eighty one. So again,

1540
01:20:58.399 --> 01:21:02.279
it's just it's you guys, you own home. I'm sitting

1541
01:21:02.319 --> 01:21:05.359
here with three guys in their twenties, all of them

1542
01:21:05.399 --> 01:21:08.800
have their own home and that's the beauty of Tucson, Arizona.

1543
01:21:09.560 --> 01:21:11.079
Well, no, I bought mine in Phoenix.

1544
01:21:11.439 --> 01:21:14.920
Yeah, or in Arizona. That's okay, contradictory. You always got

1545
01:21:15.000 --> 01:21:16.520
to be a kind No, I don't have to be

1546
01:21:16.520 --> 01:21:19.800
a contract I don't necessarily. I just disagree with that premise.

1547
01:21:20.159 --> 01:21:23.359
It's not you have to make sacrifices if you want

1548
01:21:23.399 --> 01:21:26.119
something that's someone does. Yeah, I understand that it's it's

1549
01:21:26.119 --> 01:21:29.439
increasingly hard. But if I was in another state, you

1550
01:21:29.439 --> 01:21:31.800
would be I'd be making more. And yeah, the house

1551
01:21:31.800 --> 01:21:34.800
prices are more, but you make more. You know, there's

1552
01:21:34.840 --> 01:21:37.760
a correlation to housing and and income.

1553
01:21:37.960 --> 01:21:40.800
To point about sacrifice, Todd and I didn't have a

1554
01:21:40.960 --> 01:21:42.039
typical college life.

1555
01:21:42.039 --> 01:21:44.279
You won't going to parties and spending on new cars

1556
01:21:44.279 --> 01:21:46.760
and doing this. We were saving.

1557
01:21:47.560 --> 01:21:49.479
You're in your early twenties, and the average first time

1558
01:21:49.479 --> 01:21:52.720
home buyers is what do we say, thirty eight? Right,

1559
01:21:52.760 --> 01:21:55.079
So we're talking about people in their thirties. And if

1560
01:21:55.119 --> 01:21:58.039
you're in California, where the average home price is over

1561
01:21:58.119 --> 01:22:00.520
a million dollars, you've got to have a heck of

1562
01:22:00.560 --> 01:22:03.720
a job to be able to buy a home for

1563
01:22:03.760 --> 01:22:04.760
over a million dollars.

1564
01:22:04.840 --> 01:22:08.000
Well, you need thirty thousand dollars. You need thirty thousand

1565
01:22:08.039 --> 01:22:09.560
dollars in good income, right to.

1566
01:22:09.479 --> 01:22:11.600
Get into thirty thousand dollars, that's all you need.

1567
01:22:11.640 --> 01:22:12.239
Three percent.

1568
01:22:12.680 --> 01:22:15.479
Well, if you're gonna buy with okay, okay, So now

1569
01:22:15.479 --> 01:22:18.319
you put your three percent down, right, you've got a

1570
01:22:18.439 --> 01:22:22.880
nine mortgage payment. Yeah, nine thousand dollars monthly mortgage payment.

1571
01:22:23.000 --> 01:22:24.319
Actually probably closer to ten.

1572
01:22:25.000 --> 01:22:28.079
Nine thousand dollars, Yeah, be closer to eight.

1573
01:22:28.479 --> 01:22:32.039
No, it's California. Actually are fifteen percent higher. There is

1574
01:22:32.039 --> 01:22:34.239
going to be closer to nine, maybe even ten. So

1575
01:22:34.319 --> 01:22:37.079
let's say nine thousand. Let's compromise nine thousand. So now

1576
01:22:37.119 --> 01:22:39.039
you're nine thousand dollars a month home. That means you

1577
01:22:39.079 --> 01:22:42.680
have to be making using some of my old savings

1578
01:22:42.680 --> 01:22:44.399
and loan stuff, you need to be making about thirty

1579
01:22:44.399 --> 01:22:47.319
thousand dollars a month three hundred and sixty thousand dollars

1580
01:22:47.359 --> 01:22:49.399
a year. So if you're making three hundred and sixty

1581
01:22:49.439 --> 01:22:51.239
thousand dollars a year, you can buy the average home

1582
01:22:51.279 --> 01:22:51.880
in California.

1583
01:22:52.439 --> 01:22:54.760
And all I'm saying is if we were doing what

1584
01:22:54.800 --> 01:22:57.439
we did in Arizona, we'd be making a lot more

1585
01:22:57.479 --> 01:22:59.239
money and we'd be able to do what we did.

1586
01:22:59.359 --> 01:23:02.600
I'm saying that to a quarter of a million Californias

1587
01:23:02.680 --> 01:23:04.880
moved to Arizona because it's more affordable and so all.

1588
01:23:05.079 --> 01:23:07.439
Yeah, And what I'm saying is this country still gives

1589
01:23:07.479 --> 01:23:10.479
the opportunities to all the citizens, and it's up to

1590
01:23:10.520 --> 01:23:12.840
the citizens to get what they have. Yeah. Is it

1591
01:23:12.920 --> 01:23:15.399
increasingly hard. Yeah, I'm not gonna say it's not. But

1592
01:23:15.479 --> 01:23:17.319
you can't sit here and say that you don't have

1593
01:23:17.399 --> 01:23:20.720
the ability to do it and then blame your circumstances

1594
01:23:21.039 --> 01:23:23.479
when people like us have been able to figure it

1595
01:23:23.520 --> 01:23:24.920
out and we're playing by the same rules.

1596
01:23:24.760 --> 01:23:26.640
And ask for the twenty five thousand other first time

1597
01:23:26.680 --> 01:23:27.279
home by.

1598
01:23:28.720 --> 01:23:30.840
A lot of these still on commlos four hundred thousand

1599
01:23:30.920 --> 01:23:31.279
or what was it.

1600
01:23:32.039 --> 01:23:32.960
That's what I was referring to.

1601
01:23:33.359 --> 01:23:36.920
Whatever out here was it? Hey, Yeah, young brands are

1602
01:23:37.279 --> 01:23:39.279
this is kind of interesting. I won't go to young

1603
01:23:39.319 --> 01:23:41.800
brand text. This is kind of a tale of two cities. Right.

1604
01:23:41.880 --> 01:23:45.720
You've got Fox. Fox Corporation, the pairent of Fox News,

1605
01:23:45.880 --> 01:23:48.359
jumped to an all time high on Monday after reporting

1606
01:23:48.399 --> 01:23:51.479
a strong quarter, while as The New York Times was

1607
01:23:51.520 --> 01:23:55.960
down seven percent after the company added fewer subscribers than

1608
01:23:56.000 --> 01:23:59.960
they expected in the most recent quarters. Yeah, Fox Knew

1609
01:24:00.159 --> 01:24:03.680
going going higher, The New York Times going lower? Uh Yeah,

1610
01:24:04.000 --> 01:24:05.600
what does it? Does that make a statement? Or what?

1611
01:24:06.520 --> 01:24:06.680
OK?

1612
01:24:07.199 --> 01:24:08.840
Maybe kind of the maybe the kind of the way

1613
01:24:08.880 --> 01:24:11.720
the winds are winds are blowing. And we gotta be

1614
01:24:11.720 --> 01:24:13.760
careful here not to get too cocky about this whole

1615
01:24:13.760 --> 01:24:17.399
thing because things things went exactly as we had hoped

1616
01:24:17.439 --> 01:24:20.520
they would go on the election. Actually, I think probably

1617
01:24:20.560 --> 01:24:22.279
a little better than what we had hoped would go.

1618
01:24:23.680 --> 01:24:27.399
We think it's a and again, we're interested in business.

1619
01:24:27.399 --> 01:24:30.880
We're interested in the economy. We're interested in corporate earnings.

1620
01:24:31.520 --> 01:24:33.560
That's why we're thinking the way we are. That's why

1621
01:24:33.560 --> 01:24:36.439
we believe the way we do. That's why we cheer

1622
01:24:36.479 --> 01:24:38.680
for who we care for. We think it's better for

1623
01:24:38.720 --> 01:24:41.359
the economy. Would Kamal have been better for the country?

1624
01:24:41.479 --> 01:24:44.439
Who knows? Trump is better for the economy. We'll be

1625
01:24:44.479 --> 01:24:46.479
back with the last segment of The Money Matter Show.

1626
01:24:46.800 --> 01:24:47.680
My Define the Show.

1627
01:24:52.720 --> 01:24:55.159
Welcome back to the Money Matter Show. My name is Toddlick.

1628
01:24:55.159 --> 01:24:58.119
I'm here with day. Were sure within Sebastian Borsini, it

1629
01:24:58.239 --> 01:25:00.520
was a record week as all the major into seas

1630
01:25:00.640 --> 01:25:03.000
hit new all time highs and even the SMP hit

1631
01:25:03.039 --> 01:25:06.600
a magical six thousand dollars level it's never been hit before.

1632
01:25:07.079 --> 01:25:10.760
And another forty four thousand on the Dow four times.

1633
01:25:10.520 --> 01:25:12.159
First time ever. I mean, not as school as a

1634
01:25:12.239 --> 01:25:15.119
number though, six thousand is what. Not as school as

1635
01:25:15.159 --> 01:25:17.680
a number. Forty four thousand pretty cool, like forty right,

1636
01:25:17.760 --> 01:25:20.159
six thousands a big forty five is a bigger deal

1637
01:25:20.199 --> 01:25:20.800
than six.

1638
01:25:20.640 --> 01:25:21.560
Thousand is a big deal.

1639
01:25:22.239 --> 01:25:24.560
Well, you know, you can, we can get excited when

1640
01:25:24.600 --> 01:25:26.359
Dow hits like fifty thousand.

1641
01:25:26.920 --> 01:25:29.079
Keep in mind, that's a big number two thousand and eight,

1642
01:25:29.119 --> 01:25:31.520
which is not that long ago. Right, sixteen years ago,

1643
01:25:31.760 --> 01:25:33.760
two thousand and eight, the S and P five hundred

1644
01:25:33.800 --> 01:25:38.920
bottom at six six six. Today Friday it hit six thousand,

1645
01:25:39.600 --> 01:25:43.439
six six six to six thousand. That's not bad. And

1646
01:25:43.520 --> 01:25:45.199
I was a you know, I'm not one hundred years old,

1647
01:25:45.239 --> 01:25:48.079
and I was a I was a financial advisor when

1648
01:25:48.079 --> 01:25:50.560
the Dow hit one thousand for the first time, one thousand,

1649
01:25:51.000 --> 01:25:53.560
we have we had caps now one thousand. Of course

1650
01:25:53.600 --> 01:25:57.239
it didn't hold, you know, sold off, took the cap off,

1651
01:25:57.279 --> 01:25:59.159
but then it came back and now we kept wearing

1652
01:25:59.159 --> 01:26:02.319
the caps. We kept being optimistic, right, one thousand for

1653
01:26:02.359 --> 01:26:06.840
the first time on Friday was forty four thousand. It's

1654
01:26:06.880 --> 01:26:11.800
like real estate, it's like bitcoin. Cars, it's like bitcoin.

1655
01:26:12.640 --> 01:26:17.199
It's going to work out by quality. Hang on to it.

1656
01:26:17.199 --> 01:26:19.039
It's the way to grow your money.

1657
01:26:19.199 --> 01:26:21.119
Yeah, you hang on to it. And you know, this

1658
01:26:21.319 --> 01:26:24.760
reminds me about bitcoin. If you've held for more than

1659
01:26:24.760 --> 01:26:28.640
five years, everyone's positive. You know, it's like it's it's

1660
01:26:28.680 --> 01:26:29.520
going to turn into that.

1661
01:26:29.600 --> 01:26:31.359
Well, if you held for more than five minutes since

1662
01:26:31.359 --> 01:26:32.319
it hit an all time high.

1663
01:26:32.359 --> 01:26:35.520
Okay, well no, this was before. This was before the

1664
01:26:35.560 --> 01:26:39.159
Trump run up. Okay, this I read this before.

1665
01:26:38.920 --> 01:26:41.239
The Okay, that explains why it was wrong.

1666
01:26:41.359 --> 01:26:44.960
Yeah, okay, but no, but no, but serious getting back

1667
01:26:45.000 --> 01:26:45.640
from time to time.

1668
01:26:45.920 --> 01:26:47.479
He's always crushing me, Chriz.

1669
01:26:47.600 --> 01:26:49.640
It's all about time guessing everything I say.

1670
01:26:50.000 --> 01:26:51.640
I got to get back to him from time to time.

1671
01:26:51.680 --> 01:26:54.399
There you go. But it's always about investment. Time arise

1672
01:26:54.439 --> 01:26:59.439
and you give something, especially a risk asset time. Like

1673
01:26:59.479 --> 01:27:02.039
if you've been us in Navidia in twenty twenty two,

1674
01:27:03.479 --> 01:27:05.800
you know, sorry twenty twenty one. By twenty three you

1675
01:27:05.840 --> 01:27:08.479
were down like fifty percent on your investment, you would

1676
01:27:08.479 --> 01:27:10.359
think this is the worst company in the world, and

1677
01:27:10.359 --> 01:27:12.399
then all of a sudden, from twenty three to now

1678
01:27:12.399 --> 01:27:15.000
where we are now it's up, you know, six hundred percent.

1679
01:27:15.239 --> 01:27:18.359
It honestly, honestly, you're right, Todd. It honestly was a

1680
01:27:18.359 --> 01:27:21.760
little scary when I went from three hundred to one hundred. Yeah, right,

1681
01:27:22.239 --> 01:27:24.239
And that's not that long ago. A couple of years ago. Yeah,

1682
01:27:24.359 --> 01:27:26.239
went from three hundred to one hundred. And everybody's going,

1683
01:27:26.239 --> 01:27:27.119
oh my goodness.

1684
01:27:26.840 --> 01:27:28.239
Twenty one to the end of twenty two.

1685
01:27:28.359 --> 01:27:31.000
Right, So when you when you're looking to invest in

1686
01:27:31.039 --> 01:27:36.159
the market, you're wanting to try to find value, and

1687
01:27:36.199 --> 01:27:38.520
it's hard to find value right now with everything happening.

1688
01:27:38.680 --> 01:27:42.840
I've never seen some stocks like Costco Cosco moving ten

1689
01:27:42.880 --> 01:27:44.479
percent in a week. That never happens.

1690
01:27:44.560 --> 01:27:46.119
There was no value in that stock anymore.

1691
01:27:46.199 --> 01:27:48.520
Not no, no, but it's a great company, but there's

1692
01:27:48.560 --> 01:27:49.720
not there's no value.

1693
01:27:49.840 --> 01:27:52.439
And speaking of value, I was looking at Expedia, and

1694
01:27:52.479 --> 01:27:54.680
I was talking about this because of the fact that

1695
01:27:55.079 --> 01:27:59.000
we see that a similar company, Bookings, was valued way

1696
01:27:59.079 --> 01:28:02.359
higher on the pe then remember you're talking about that, yeah,

1697
01:28:02.359 --> 01:28:05.399
and we knew that through the cruise lines, Bookings were

1698
01:28:05.399 --> 01:28:08.560
getting really booked up for twenty twenty five on the

1699
01:28:09.079 --> 01:28:12.399
travel space well Expedia reporter this week and they did

1700
01:28:12.439 --> 01:28:16.039
finish four percent higher and they beat earnings. So interesting

1701
01:28:16.079 --> 01:28:17.279
to see if that trend continues.

1702
01:28:17.600 --> 01:28:19.720
Just kind of some of the stuff, just a few

1703
01:28:19.760 --> 01:28:21.920
examples of things that I saw during the week that

1704
01:28:22.279 --> 01:28:25.439
and not a lot of them, but like Lyft up

1705
01:28:25.479 --> 01:28:28.439
four percent for the year, jump thirty percent on Thursday,

1706
01:28:29.039 --> 01:28:32.279
right to a new high. Dutch Brothers up forty percent

1707
01:28:32.359 --> 01:28:35.840
to a two year high, Zero up twenty two percent

1708
01:28:35.920 --> 01:28:37.720
to a three year high. I mean, this is some

1709
01:28:38.279 --> 01:28:40.800
of the kind of numbers that we're seeing were just

1710
01:28:40.800 --> 01:28:41.720
just off the charts.

1711
01:28:41.920 --> 01:28:45.239
On the opposite trend, weed stocks got killed. Cannabis stocks

1712
01:28:45.279 --> 01:28:49.560
because of the fact that Florida voted no on legislation

1713
01:28:49.640 --> 01:28:52.239
that would legal or decriminalize whatever you want to call it.

1714
01:28:52.479 --> 01:28:54.479
They said no to that, and that really hurt that

1715
01:28:55.119 --> 01:28:57.159
the stocks. You know, you can say, well, most of

1716
01:28:57.159 --> 01:28:59.359
these are Canadian stocks. Why would it hurt them? You

1717
01:28:59.439 --> 01:29:02.039
know who knows it does so don't I don't know.

1718
01:29:02.439 --> 01:29:04.560
I had a discussion with a client about that. It's

1719
01:29:04.600 --> 01:29:07.600
a good point. It really has no impact on them

1720
01:29:07.600 --> 01:29:10.520
at all. They can't Canadian stocks cannot sell marijuana in

1721
01:29:10.520 --> 01:29:13.600
the United States because it's still illegal on the federal level.

1722
01:29:13.880 --> 01:29:16.359
So that Florida says they can't sell, well, what differences

1723
01:29:16.399 --> 01:29:18.119
to make they don't sell it here anyway. Well, I

1724
01:29:18.199 --> 01:29:22.960
think it's psychological. So I'm not saying the stocks didn't

1725
01:29:22.960 --> 01:29:26.399
get hit. It's just I'm saying I think it's psychological that. Okay,

1726
01:29:26.479 --> 01:29:29.439
Florida isn't going to approve with the chances of Congress

1727
01:29:29.520 --> 01:29:32.039
have proven it are probably slim. And now with Trump

1728
01:29:32.079 --> 01:29:34.840
in there, you know, with Kamala and Joe, we had

1729
01:29:34.880 --> 01:29:37.520
a chance. You know, now it looks like it's going

1730
01:29:37.600 --> 01:29:39.520
to swing to the right, and the right wing's not

1731
01:29:39.640 --> 01:29:41.960
big illegal substances.

1732
01:29:42.119 --> 01:29:44.279
And I'm not sure about that though, because you know,

1733
01:29:44.880 --> 01:29:47.920
if you also looked at the pharmaceuticals, not pharmaceutical but

1734
01:29:48.000 --> 01:29:50.960
the psychedelic stocks, some of those got real big bids

1735
01:29:51.000 --> 01:29:53.600
this week because of the idea that when Robert Kennedy

1736
01:29:53.640 --> 01:29:56.279
gets in there, he's already talked about, you know, making

1737
01:29:56.319 --> 01:29:58.960
sure that the FDA does approve some of these psychecks,

1738
01:29:59.000 --> 01:30:02.760
especially for of the veterans, because there's been great evidence

1739
01:30:02.800 --> 01:30:05.359
that shows that helps them a lot with PTSD and

1740
01:30:05.399 --> 01:30:06.880
some of those things that they have to go through

1741
01:30:06.960 --> 01:30:10.079
so that they have not it wasn't kind of shot

1742
01:30:10.119 --> 01:30:12.680
down or a couple months ago by the FDA. So

1743
01:30:12.720 --> 01:30:14.920
it's going to be interesting with the new regime in there,

1744
01:30:15.159 --> 01:30:17.680
how that potentially affects and maybe it does end up

1745
01:30:17.680 --> 01:30:19.960
helping cannabis stocks. You know, you have to wait and see.

1746
01:30:20.239 --> 01:30:21.640
I don't know, we got to find a way to

1747
01:30:21.680 --> 01:30:23.640
get get it to legalized the United States. You know

1748
01:30:23.680 --> 01:30:26.880
that we've been talking a lot about nuclear power plants restarting.

1749
01:30:26.920 --> 01:30:28.159
And I don't know if you saw this or not,

1750
01:30:28.199 --> 01:30:32.399
but Talent and Energy was down eight percent of the

1751
01:30:32.439 --> 01:30:36.920
open on Monday after the Federal Energy Regulatory Commission rejected

1752
01:30:37.039 --> 01:30:41.239
arrest request to increase the amount of power their nuclear

1753
01:30:41.239 --> 01:30:42.680
plant can dispatched.

1754
01:30:42.720 --> 01:30:45.600
Amazon that's right, yeah, because that was a joint deal

1755
01:30:45.640 --> 01:30:48.840
between Amazon and the Red tip show face again.

1756
01:30:48.920 --> 01:30:51.760
Yeah. And then Constellation Energy was also down in sympathy.

1757
01:30:51.960 --> 01:30:53.840
This is one of those things where Trump can turn

1758
01:30:53.920 --> 01:30:56.920
that around in a heartbeat, and both stocks rallied after

1759
01:30:56.960 --> 01:31:00.760
the election. But if you want to clean energy, and

1760
01:31:00.840 --> 01:31:03.159
I think that and in fairness to the government, what

1761
01:31:03.680 --> 01:31:06.199
they were saying is, yeah, that's fine if you want

1762
01:31:06.239 --> 01:31:08.960
to increase the output. You can't just sell it to

1763
01:31:09.239 --> 01:31:11.439
one person. You can't just sell it to the rich

1764
01:31:11.439 --> 01:31:13.760
people you have put on the grid, you know, let

1765
01:31:14.079 --> 01:31:17.000
what rich people buy it off the grid at real

1766
01:31:17.199 --> 01:31:18.479
retail prices.

1767
01:31:19.000 --> 01:31:21.159
So yeah, I guess that's pretty fair.

1768
01:31:21.319 --> 01:31:21.720
I get that.

1769
01:31:22.319 --> 01:31:24.600
Wait, Reille, we don't know what Trump how pro he

1770
01:31:24.680 --> 01:31:26.479
is on nuclear We'll have to wait and see his

1771
01:31:26.640 --> 01:31:27.159
tone on that.

1772
01:31:27.159 --> 01:31:29.039
He hasn't really said, he hasn't talked to anything about it,

1773
01:31:29.279 --> 01:31:30.039
not really.

1774
01:31:30.439 --> 01:31:31.159
Not that I've seen.

1775
01:31:31.239 --> 01:31:32.159
What about your hershey?

1776
01:31:32.720 --> 01:31:35.119
Hershey? I mean I probably not doing well.

1777
01:31:35.159 --> 01:31:37.720
Down three percent for the year. I dropped another three

1778
01:31:37.760 --> 01:31:39.880
percent of the open on Thursday after a weeker than

1779
01:31:39.960 --> 01:31:43.159
expected third quarter. We haven't talked about the price of

1780
01:31:43.279 --> 01:31:44.479
coco recently.

1781
01:31:44.600 --> 01:31:47.960
No, Yeah, cocoa is you know, it's down, it's you know,

1782
01:31:48.000 --> 01:31:51.000
it was I think twelve thousand a ton at one point.

1783
01:31:51.039 --> 01:31:52.039
Didn't you get to seventeen?

1784
01:31:52.159 --> 01:31:55.439
I think it was seventeen. I don't know, you know,

1785
01:31:55.479 --> 01:31:57.239
it got to twelve thousand. That was the high, and

1786
01:31:57.279 --> 01:31:59.960
now it's back down to about six seven thousand a ton.

1787
01:32:00.239 --> 01:32:02.720
But who eats chocolate anymore? Everybody's on the semming glue tides.

1788
01:32:02.760 --> 01:32:07.159
Yeah, I guess everyone's on Sevendy. Trump Trump victory means

1789
01:32:07.199 --> 01:32:08.640
the country is getting healthy.

1790
01:32:08.560 --> 01:32:11.079
Getting healthy. Yeah, that's it. We've got to We've got

1791
01:32:11.119 --> 01:32:12.720
a fitness fanatic leadness, right.

1792
01:32:12.920 --> 01:32:14.920
A lot of fun, a lot of fun takes out

1793
01:32:14.920 --> 01:32:15.319
of the week.

1794
01:32:15.720 --> 01:32:17.479
Hey, well talk about your upstart.

1795
01:32:18.640 --> 01:32:21.000
I'll start one up like forty on Friday.

1796
01:32:21.119 --> 01:32:21.840
What do they learn?

1797
01:32:22.119 --> 01:32:25.520
It's essentially a it's a lender, right that uses and

1798
01:32:25.640 --> 01:32:28.000
instead of using your fight out, your traditional fight COS score,

1799
01:32:28.039 --> 01:32:31.600
your credit score, they use artificial intelligence to make decisions

1800
01:32:31.640 --> 01:32:36.159
on lending on how much they're going to give them. Again,

1801
01:32:36.479 --> 01:32:40.039
very proprietary artificial intelligence formula. They could be discriminating, they

1802
01:32:40.039 --> 01:32:42.520
could be, they might not be. But at this time

1803
01:32:42.560 --> 01:32:45.560
in the market, when credit card that is super high

1804
01:32:45.640 --> 01:32:47.680
and interest rates are super high, you are going to

1805
01:32:47.720 --> 01:32:50.760
start looking shopping for that consolidation.

1806
01:32:50.880 --> 01:32:53.520
Bro. It's for really bad debt, people that want to

1807
01:32:53.560 --> 01:32:56.720
refinance debt and people that can't get car loongs because a.

1808
01:32:57.119 --> 01:32:58.439
Driven it's AI driven.

1809
01:32:58.520 --> 01:32:58.720
Yeah.

1810
01:32:58.800 --> 01:33:01.119
The software that they use is all and again they

1811
01:33:01.199 --> 01:33:04.560
don't use the traditional FIGHTO score whatsoever. They If you

1812
01:33:04.560 --> 01:33:07.000
have a five hundred credit score, this is where you

1813
01:33:07.000 --> 01:33:07.479
should go.

1814
01:33:07.920 --> 01:33:10.560
Okay, yeah, it's still really high rates.

1815
01:33:10.800 --> 01:33:13.680
Yeah, you're gonna get a higher rate for sure, and then.

1816
01:33:13.560 --> 01:33:15.560
All traditional then the traditional ones.

1817
01:33:15.600 --> 01:33:17.880
But they were trying to get into the car car

1818
01:33:17.920 --> 01:33:21.119
space for car loans as well. My dad's in the

1819
01:33:21.119 --> 01:33:22.960
car industry and he just says that they can't compete

1820
01:33:22.960 --> 01:33:26.000
with them. They don't really use upstart to finance people

1821
01:33:26.079 --> 01:33:27.079
just because the rates.

1822
01:33:28.920 --> 01:33:29.039
Right.

1823
01:33:29.840 --> 01:33:31.399
Another company that hit it all the time high this

1824
01:33:31.439 --> 01:33:34.000
week is Amazon. I know why I keep buying things

1825
01:33:34.039 --> 01:33:38.279
off of it. That's the every day I mean, it's

1826
01:33:38.279 --> 01:33:42.039
so convenient, though, I mean why, I mean what do

1827
01:33:42.079 --> 01:33:45.319
you buy everything? Everything that you you would think to

1828
01:33:45.359 --> 01:33:48.560
buy at a grocery store except for food. Yeah, it's like,

1829
01:33:48.600 --> 01:33:50.840
I'll go to the grocery store for food because I don't

1830
01:33:50.960 --> 01:33:53.600
I guess there's some benefit of me knowing that I

1831
01:33:53.640 --> 01:33:54.399
picked it up. I guess.

1832
01:33:54.439 --> 01:33:55.159
I don't know.

1833
01:33:55.199 --> 01:33:57.479
I don't like doing the instacart thing. I'll go to

1834
01:33:57.560 --> 01:34:00.680
a grocery store. I'll do that. But in terms of

1835
01:34:00.720 --> 01:34:04.279
everything else, Han so totally paid for dog food, like

1836
01:34:04.359 --> 01:34:06.439
every single thing you can get off Amazon. Why why

1837
01:34:06.439 --> 01:34:09.119
would you have to try to remember that on your

1838
01:34:09.159 --> 01:34:10.840
grocery I know, I don't need to bring a list

1839
01:34:10.840 --> 01:34:12.680
of groce store because I know exactly what I'm eating

1840
01:34:12.720 --> 01:34:14.560
on that week and that's what I'm buying. Everything else,

1841
01:34:15.239 --> 01:34:17.640
carbon footprint, everything else is Amazon.

1842
01:34:17.560 --> 01:34:19.479
Now a big Amazon guy too. And I do not

1843
01:34:19.600 --> 01:34:24.279
go to up cart insta thank you. I go to

1844
01:34:24.319 --> 01:34:26.359
the grocery store. I don't know why. I don't really

1845
01:34:26.399 --> 01:34:27.560
particularly like it.

1846
01:34:28.119 --> 01:34:31.640
But I don't want somebody going in picking out my bananas.

1847
01:34:31.680 --> 01:34:34.680
Well, that's that's the thing, right, it's the fruits and vegetables, Like,

1848
01:34:35.319 --> 01:34:37.560
I don't want someone picking my fruits and vegetables.

1849
01:34:37.560 --> 01:34:41.800
Well, like Seinfeld said, fruits to gamble. Sometimes it's good,

1850
01:34:42.079 --> 01:34:49.199
sometimes it's we had ah. The two Yums reported Yum

1851
01:34:49.439 --> 01:34:52.840
China and YOUM brands. Yum is the parent of Pizza

1852
01:34:52.880 --> 01:34:57.600
Hut and Kentucky Fried Chicken. The Yum China parent companies

1853
01:34:57.640 --> 01:35:00.159
got caught up in the Chinese economic weakness. Flatter over

1854
01:35:00.159 --> 01:35:02.760
the last twelve months, but eight percent higher to open

1855
01:35:02.800 --> 01:35:05.520
on Monday, after the company reported a five percent increase

1856
01:35:05.560 --> 01:35:09.199
in revenue growth, which is pretty good in China on Tuesday.

1857
01:35:09.239 --> 01:35:14.119
The next day, Young Brands, the US version, reported earnings

1858
01:35:14.159 --> 01:35:17.520
and revenue that missed walls spreed exprestition. Stock slid on that.

1859
01:35:17.640 --> 01:35:22.279
So here you've got a Chinese operation and a domestic operation.

1860
01:35:22.399 --> 01:35:25.880
You know, the domestic operation should be doing dramatically better

1861
01:35:25.920 --> 01:35:31.359
than the Chinese operation, but he didn't. Mysteries of Life

1862
01:35:32.119 --> 01:35:34.319
DuPont's I've been on a roll. It's up twenty percent

1863
01:35:34.319 --> 01:35:36.640
over the last twelve months. People are excited about the

1864
01:35:36.680 --> 01:35:39.560
company breaking into three separate companies that could happen as

1865
01:35:39.560 --> 01:35:43.239
early as next year. Let me rephrase that could happen

1866
01:35:43.680 --> 01:35:47.079
as soon as early next year. Up another five percent

1867
01:35:47.159 --> 01:35:49.159
to open on Tuesday on the back of another strong

1868
01:35:49.199 --> 01:35:51.680
quarter report, has a good dividend. I was surprised. Walmartin

1869
01:35:51.720 --> 01:35:54.720
Target both traded lower on Wednesday despite the big mark

1870
01:35:54.920 --> 01:35:59.399
rally after the election. Both companies reported they ordered fewer

1871
01:35:59.439 --> 01:36:03.359
goods for Christmas as they see a tepid buying season.

1872
01:36:04.880 --> 01:36:09.079
So if you're planning on a Christmas shopping Target and Walmart,

1873
01:36:09.560 --> 01:36:11.760
don't think you're going to be that aggressive with your

1874
01:36:12.119 --> 01:36:15.119
your buying. Oh, we appreciate, we appreciate. I'm sorry, ce Best,

1875
01:36:15.119 --> 01:36:18.520
we're runn out of time. We appreciate your listening to us.

1876
01:36:18.960 --> 01:36:21.039
Don't forget if you haven't done the financial plan yet

1877
01:36:21.119 --> 01:36:22.439
give us a call. It's a good time of the

1878
01:36:22.479 --> 01:36:24.279
year to do it. People are busy with other things

1879
01:36:24.359 --> 01:36:27.079
and generally there's some appointments available. We want to be

1880
01:36:27.159 --> 01:36:30.239
happy and we want to be healthy, because if we're

1881
01:36:30.239 --> 01:36:33.000
not healthy, we're probably not happy. And at Greenberg Financial,

1882
01:36:33.159 --> 01:36:36.560
what we really want to be is profitable. See you

1883
01:36:36.600 --> 01:36:37.000
next week.