April 8, 2025 • 7 mins
Did a "Well-Timed" Rumor Just Smooth out the Stock Market?
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
I wanted to talk to you about the stock market.
(00:01):
I got the numbers up, Matt, you have the numbers up.
Speaker 2 (00:04):
You don't. We got the numbers.
Speaker 3 (00:06):
I can find them. Yes, I have them.
Speaker 1 (00:09):
I have them too on the I I I'm trying
to figure out. I saw this note. The Chinese stock
market before we even woke up today was like shutting
down basically. I mean it was like under fifteen percent.
There have been just terrible, terrible like numbers. When we
(00:30):
woke up today, it was like, man, how bad is
this going to get? And it's like this is the worst,
this is this is going to end up being the
worst day. So now with that context, here's Matt Case
telling you what the numbers finished on the close here
about an hour ago, DW Jones was.
Speaker 3 (00:45):
Down three hundred and forty nine points or minus point
nine to one percent, so just about one percent, not
even one percent, not even one percent. What was the
worst that got? You were saying before nine? It was
what around five or so?
Speaker 1 (00:58):
Yeah? Yeah, okay, if you don't know that story, I'll
tell you in a second. What about the S and P.
Speaker 3 (01:03):
S and B had a decent day from where it
started down almost twelve points or minus point two three
only point two to three percent two three just just
a quarter of a point.
Speaker 2 (01:14):
Okay, all right.
Speaker 3 (01:15):
The Nasdaq was actually up like up all day, just
a skosh, but it was up about fifteen and a
half or point one percent. And then the Russell two K.
Nobody even knows what that is. I think it's like
a I think it's video game stocks.
Speaker 2 (01:29):
I don't think that's what I did.
Speaker 3 (01:30):
It was down like seventeen points, but nobody cares about
the Russell two K.
Speaker 2 (01:33):
I'm sure somebody out there cares.
Speaker 1 (01:35):
Okay, So if you look at this, I follow Unusual
Whales on Twitter, which I really like, you should go
find it. And you know, I mean they You may
not like all the stuff that they report on it
or how they report on it, but it's fast news
and it's really digestible, like very quickly. This is a
kind of account that people are like, oh, this is
(01:56):
how I kind of keep tabs on stuff that's happening,
because once Anthon's tweets essentially keep you kind of posted
on what's going on, and they have this big graph
that they've shared. And earlier today it was just bet read.
Everything was read pretty much and it just looked like
we were in for a horrific day, like one of
the worst ever. And then around nine fifteen or nine twenty,
(02:19):
there was an unconfirmed report that was shared on x
slash Twitter, and I gotta tell you, I was I
was monologuing on my radio show, my Iowall Show in
the morning, and I had the like I was just
having the stock market up, just the numbers up, so
I could just kind of keep tabs on what was
(02:39):
happening while I was talking about it. Yeah, and then
all of a sudden, everything turned green, and I was like,
what the heck just happened. I was literally just talking
about how bad the start of this day was and
how ugly this could get, and then all of a sudden,
it just like skyrocketed, and I was like, what the
heck happened?
Speaker 2 (02:53):
Here?
Speaker 1 (02:53):
Somebody said that Donald Trump was going to announce today
or was likely to announce a ninety day a tariff pause,
and CNBC and Reuter's at the very least those two
shared that unusual. Whales shared it and we're just like,
we don't know this source, but like, here's this thing
Donald Trump might like today. He could be announcing a
(03:14):
ninety day tariff pause. I kid you not. Within fifteen minutes,
the White House had said that's a fake news report.
Where are you getting that from? Like, that's that we
haven't even talked about that. But in that interim, everybody
started to buy on the report of that, just trying
to get back in the game. And by the time
they refuted that report and things settled back down, it
(03:36):
was basically at about where it started today, and like
you mentioned, it basically stayed there.
Speaker 2 (03:43):
So what the heck happened? Who said that?
Speaker 1 (03:46):
And why did the market react so positively on just
a whim of a report which was not true. Reputable
sources reported it, but no reputable source said it, But
the more get acted like that was something that had
already happened, and then fifteen minutes later tried to recorrect
itself and it never got back down nearly as low
(04:08):
as it was at the beginning.
Speaker 2 (04:09):
Of the day.
Speaker 1 (04:10):
So this report, this fake report that was then picked
up by CNBC and Reuters at least got people buying
and not selling as much when it was refuted and
basically save the stock marker from having a historically awful day.
Is that not just it blew my mind. It blew
my mind how quickly everything reacted to that. Why don't
(04:31):
we make something up? Well, let's just make something up
and see if the stock market reacts to it. Should
I go online and say something like source Donald Trump
says tariffs are bad and we'll pull them off completely unfounded?
But do you think people will grab that, react to
it and just start sharing it and then all of
a sudden people are buying, buy and buy and buy
and buying. It doesn't seem like we should be paying
that close attention to something this volatile.
Speaker 3 (04:51):
Well, speaking of volatile, the volatility index did finish whoops,
and you go back to the page here. I wasn't
prepared for you to save vall tyle. It did finish
up three point sixty nine percent, so it's a little
bit more, but it wasn't nearly. It was way higher
earlier today, way higher. Hold the line. That's my best
advice is to not panic. Donald Trump put on his
(05:14):
social media as true social day. Don't be a panikin?
Speaker 2 (05:18):
Is that a bird? No, that's a pelican? Is the bird?
A panikin?
Speaker 1 (05:21):
Apparently is the new political party for stupid people? Oh,
I don't know if he said that exactly, maybe I'm
making that up.
Speaker 3 (05:27):
Can I run as a candidate?
Speaker 2 (05:29):
No, we got to get.
Speaker 1 (05:30):
You wind up as a Republican or a Democrat and
figure out how we can like, we got to figure
out what we can do too. I want to go
as a PanicIn. Yeah, you're not gonna get elected. We remember,
we gotta go to the Samoa.
Speaker 3 (05:40):
I want to go as a PanicIn and just start
sowing seeds of panic out there.
Speaker 2 (05:44):
That'd be bad.
Speaker 1 (05:45):
Call me chicken little, he he said, a new party
based on weak and stupid people.
Speaker 2 (05:50):
That's that's what a pannicin is. Sounds like me.
Speaker 3 (05:52):
I would love to be as the first PanicIn and
run for office. What office should I try for?
Speaker 2 (05:57):
First? I need you here.
Speaker 1 (06:01):
Dave says it was a well planned rumor guaranteed someone
made a lot of money very quickly bought everything a
thousand points down, released the room, or sold out a
thousand points up, which I was smart enough for had
the means to do the same.
Speaker 2 (06:11):
That's what I was saying.
Speaker 1 (06:11):
If you would have bought right before that happened and
then sold before the refute the White House refused, you
made bank.
Speaker 3 (06:20):
And if you did you are getting investigated as we speak,
and you may end up in an orange jumpsuit next
to Martha Stewart.
Speaker 1 (06:30):
Yeah, might want to keep that one on the down low.
Speaker 2 (06:33):
Yeah.
Speaker 1 (06:34):
So I guess the moral of this story is we're
looking so deep into the stock market about this tariff
thing because a lot of people have like holdings wrapped
up in it. But at the end of the day,
like I feel stupid paying close enough attention to something
like this that on a whim, on a fake source,
it can go up and down that quickly with no
(06:55):
reputable person saying anything about it.
Speaker 2 (06:57):
Makes me feel in that gray
I wanted to talk to you about the stock market.
(00:01):
I got the numbers up, Matt, you have the numbers up.
Speaker 2 (00:04):
You don't. We got the numbers.
Speaker 3 (00:06):
I can find them. Yes, I have them.
Speaker 1 (00:09):
I have them too on the I I I'm trying
to figure out. I saw this note. The Chinese stock
market before we even woke up today was like shutting
down basically. I mean it was like under fifteen percent.
There have been just terrible, terrible like numbers. When we
(00:30):
woke up today, it was like, man, how bad is
this going to get? And it's like this is the worst,
this is this is going to end up being the
worst day. So now with that context, here's Matt Case
telling you what the numbers finished on the close here
about an hour ago, DW Jones was.
Speaker 3 (00:45):
Down three hundred and forty nine points or minus point
nine to one percent, so just about one percent, not
even one percent, not even one percent. What was the
worst that got? You were saying before nine? It was
what around five or so?
Speaker 1 (00:58):
Yeah? Yeah, okay, if you don't know that story, I'll
tell you in a second. What about the S and P.
Speaker 3 (01:03):
S and B had a decent day from where it
started down almost twelve points or minus point two three
only point two to three percent two three just just
a quarter of a point.
Speaker 2 (01:14):
Okay, all right.
Speaker 3 (01:15):
The Nasdaq was actually up like up all day, just
a skosh, but it was up about fifteen and a
half or point one percent. And then the Russell two K.
Nobody even knows what that is. I think it's like
a I think it's video game stocks.
Speaker 2 (01:29):
I don't think that's what I did.
Speaker 3 (01:30):
It was down like seventeen points, but nobody cares about
the Russell two K.
Speaker 2 (01:33):
I'm sure somebody out there cares.
Speaker 1 (01:35):
Okay, So if you look at this, I follow Unusual
Whales on Twitter, which I really like, you should go
find it. And you know, I mean they You may
not like all the stuff that they report on it
or how they report on it, but it's fast news
and it's really digestible, like very quickly. This is a
kind of account that people are like, oh, this is
(01:56):
how I kind of keep tabs on stuff that's happening,
because once Anthon's tweets essentially keep you kind of posted
on what's going on, and they have this big graph
that they've shared. And earlier today it was just bet read.
Everything was read pretty much and it just looked like
we were in for a horrific day, like one of
the worst ever. And then around nine fifteen or nine twenty,
(02:19):
there was an unconfirmed report that was shared on x
slash Twitter, and I gotta tell you, I was I
was monologuing on my radio show, my Iowall Show in
the morning, and I had the like I was just
having the stock market up, just the numbers up, so
I could just kind of keep tabs on what was
(02:39):
happening while I was talking about it. Yeah, and then
all of a sudden, everything turned green, and I was like,
what the heck just happened. I was literally just talking
about how bad the start of this day was and
how ugly this could get, and then all of a sudden,
it just like skyrocketed, and I was like, what the
heck happened?
Speaker 2 (02:53):
Here?
Speaker 1 (02:53):
Somebody said that Donald Trump was going to announce today
or was likely to announce a ninety day a tariff pause,
and CNBC and Reuter's at the very least those two
shared that unusual. Whales shared it and we're just like,
we don't know this source, but like, here's this thing
Donald Trump might like today. He could be announcing a
(03:14):
ninety day tariff pause. I kid you not. Within fifteen minutes,
the White House had said that's a fake news report.
Where are you getting that from? Like, that's that we
haven't even talked about that. But in that interim, everybody
started to buy on the report of that, just trying
to get back in the game. And by the time
they refuted that report and things settled back down, it
(03:36):
was basically at about where it started today, and like
you mentioned, it basically stayed there.
Speaker 2 (03:43):
So what the heck happened? Who said that?
Speaker 1 (03:46):
And why did the market react so positively on just
a whim of a report which was not true. Reputable
sources reported it, but no reputable source said it, But
the more get acted like that was something that had
already happened, and then fifteen minutes later tried to recorrect
itself and it never got back down nearly as low
(04:08):
as it was at the beginning.
Speaker 2 (04:09):
Of the day.
Speaker 1 (04:10):
So this report, this fake report that was then picked
up by CNBC and Reuters at least got people buying
and not selling as much when it was refuted and
basically save the stock marker from having a historically awful day.
Is that not just it blew my mind. It blew
my mind how quickly everything reacted to that. Why don't
(04:31):
we make something up? Well, let's just make something up
and see if the stock market reacts to it. Should
I go online and say something like source Donald Trump
says tariffs are bad and we'll pull them off completely unfounded?
But do you think people will grab that, react to
it and just start sharing it and then all of
a sudden people are buying, buy and buy and buy
and buying. It doesn't seem like we should be paying
that close attention to something this volatile.
Speaker 3 (04:51):
Well, speaking of volatile, the volatility index did finish whoops,
and you go back to the page here. I wasn't
prepared for you to save vall tyle. It did finish
up three point sixty nine percent, so it's a little
bit more, but it wasn't nearly. It was way higher
earlier today, way higher. Hold the line. That's my best
advice is to not panic. Donald Trump put on his
(05:14):
social media as true social day. Don't be a panikin?
Speaker 2 (05:18):
Is that a bird? No, that's a pelican? Is the bird?
A panikin?
Speaker 1 (05:21):
Apparently is the new political party for stupid people? Oh,
I don't know if he said that exactly, maybe I'm
making that up.
Speaker 3 (05:27):
Can I run as a candidate?
Speaker 2 (05:29):
No, we got to get.
Speaker 1 (05:30):
You wind up as a Republican or a Democrat and
figure out how we can like, we got to figure
out what we can do too. I want to go
as a PanicIn. Yeah, you're not gonna get elected. We remember,
we gotta go to the Samoa.
Speaker 3 (05:40):
I want to go as a PanicIn and just start
sowing seeds of panic out there.
Speaker 2 (05:44):
That'd be bad.
Speaker 1 (05:45):
Call me chicken little, he he said, a new party
based on weak and stupid people.
Speaker 2 (05:50):
That's that's what a pannicin is. Sounds like me.
Speaker 3 (05:52):
I would love to be as the first PanicIn and
run for office. What office should I try for?
Speaker 2 (05:57):
First? I need you here.
Speaker 1 (06:01):
Dave says it was a well planned rumor guaranteed someone
made a lot of money very quickly bought everything a
thousand points down, released the room, or sold out a
thousand points up, which I was smart enough for had
the means to do the same.
Speaker 2 (06:11):
That's what I was saying.
Speaker 1 (06:11):
If you would have bought right before that happened and
then sold before the refute the White House refused, you
made bank.
Speaker 3 (06:20):
And if you did you are getting investigated as we speak,
and you may end up in an orange jumpsuit next
to Martha Stewart.
Speaker 1 (06:30):
Yeah, might want to keep that one on the down low.
Speaker 2 (06:33):
Yeah.
Speaker 1 (06:34):
So I guess the moral of this story is we're
looking so deep into the stock market about this tariff
thing because a lot of people have like holdings wrapped
up in it. But at the end of the day,
like I feel stupid paying close enough attention to something
like this that on a whim, on a fake source,
it can go up and down that quickly with no
(06:55):
reputable person saying anything about it.
Speaker 2 (06:57):
Makes me feel in that gray
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