A Dark Week in America: Markets, Politics, and the Road Ahead

Episode Transcript
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Speaker 1 (00:00):
Money Matter Show with Dean Greenberg. I wish we could
be bringing you some uh, just market news this week,
but unfortunately, there's a lot of other things going on,
and they're important. The reason they're important it shakes the
core of who we are and what we are when
we are trying to get better and get along and

(00:20):
people aren't getting along. And now it's gotten to the
point that it's kind of like, all right, I'm going
to kill people. And you know, yeah, we've we've lived
through some assassination attempts before. I don't remember three assassinations
and attempts and one actually working in such a short
period of time. But it's it's kind of interesting from

(00:45):
the concept of why, and that's some of the things.
You know, we've got to be able to think about
where we are and what we're going. And you're like, well,
this is about the markets. Why how's it don Well,
consumer confidence is down lower than expected this week, and
the reason being is when people are confused and don't
understand what's happening, they're not comfortable with what's happening, and

(01:11):
the sentiment goes down. People don't invest, but somehow the
markets keep going high. I get that but the investing part,
the mental part, the long term investment, the excitement part
is gone. And it's not just about Charlie Kirk being assassinated.
It's not just about that poor Ukrainian girl getting stabbed

(01:32):
in the neck. It's not just because we've had shootings,
school shootings.

Speaker 2 (01:37):
Add it all up.

Speaker 1 (01:38):
The wars they start dragging on you. They wonder are
we going to get in the war and not get
in the war. We don't want to get in the war.
Nobody wants wars. And there's problems all over the world
with governments, and it just seems to me that you know,
people are understated, but they don't want to make the

(02:01):
changes from socialistic countries to make things work, and those
all have an impact on what happens in our markets,
our money, and the global economy. The markets, however, this
week still went up. DAL was up one, SMP was
up one point six the NASDAK was up two percent.

(02:21):
The wrestle two thousand Bailly made it up and the RSP,
which is the equal weighted SMP, was only up point
three percent. It still puts US up about two percent
on the SMP for the month, three percent for NASDAK,
but everything else is only up half a percent or so,
and the dal sits up seven percent for the year.
SMP is up twelve, Nasdak's up fourteen, Russell's up seven,

(02:44):
equal Weight is up seven. Also good numbers, not bad numbers.
But most of it's in the technology stocks, and that's
where it's going to stay. We've talked about this for
a while that we're we're in a if you're looking
at a game right now, a ball game of nine innings,
I think we're in the first second inning of the
AI explosion.

Speaker 2 (03:04):
You know.

Speaker 1 (03:05):
You know a lot of people talk to me about
how do you feel that way? Said, go back and
look at history, and there's a lot in history that
repeats itself. I'm a big believer of history repeats itself,
maybe not exactly, but in different ways. And if you
go back and look at the nineteen twenties, you know,
we had the pandemic at seventeen eighteen nineteen something like that.
We had the pandemic in the twenty in nineteen twenty twenty,

(03:28):
kind of same deal, handle it differently. Of course, a
lot of people died, the economy was crushed, but they
were able to do things to keep everything going, which then,
obviously in our side, created a boom and an inflationary problem,
which the FED did not look at and handle correctly.

(03:49):
For whatever reason. They thought it was just a temporary
blipping and it was transitory and then it would come down.
Never did didn't understand the supply chain, didn't understand understand
wages go going high was going to cause inflation to stay.
We talked about it on the show for a very
long time. That's it's going to stay. It's going to sticky.
It's not going to be up seventy eight percent, but

(04:10):
it will come down and it's not going back down
to zero one percent of where it was. So now
in the situation, you know that interest rates are high
for the normal person, inflation is subsided. Uh. And the
economy started showing some weakness a little bit here and there. Unemployment,
which was as lowest tip tick up a little bit.

(04:35):
And there's problems, and there's problems politically, there's problems socially,
there's problems everywhere. But the markets, for some reason, keep
going higher. But that's what makes me uncomfortably bullish. I'm
bullish because we're just like the smokestack manufacturing cars and
all created a boom in America in the twenties, and

(04:58):
there was a roaring twenties. I believe what we're seeing
is the same thing in the technology world of AI
and just a boom. And I think it's a good
another eight to ten years more. And I think that
at least for the next sweet spot of the next
six years, we're going to be in good shape where

(05:19):
you know, you're going to be able to just be
part of it and watch it rally. I mean, there's
a lot of things that are attached to the uh
these mega centers, uh, these uh these buildings, these buildings
are making so the AI can fit it. You know,
there's everything from cooling is building it to energy to
nucular you name it. It's so many different things that

(05:42):
are going to be part of this technological technological advances
we're making. It's just like the twenties and the and
the any incredible growing twenties. We're back in the rowing twenties.
And then obviously it ended in a bad situation and
we've got to be careful full about that. But the
situation is going to go ahead and allow investors to

(06:07):
make some good money understanding we're going to get through it,
but don't be greedy when they're ralling up because it
will be pullbacks, there will be volatility. So we always
say keep your court position, trade around it, invest more
on the pullbacks, and there's other ways to go, do
other things. And if they go higher and take some
money off the table, it's okay, and you can take

(06:27):
off the new stuff off the table, so you're not
paying the long the big capital gains off there. There's
a you know, if you buy five hundred shares at
twenty dollars and now it's one hundred and fifty and
it pulls back to one twenty and you buy another
five hundred shares, you can go ahead and just sell
that new share lot of one hundred and twenty, So
you're not going to pay all those taxes from twenty dollars.

(06:51):
Just remember that. That's it. It's being tax effective so
you don't have to pay huge capital gains if you
go in the head take some money off the table.
So we move forward here, where do we see the upside? Well,
it's gonna depend what the Fed says. The markets are
moving up with the idea that the Fed is going

(07:12):
to lower interest rates. If the FED lowers interest rates
a quarter percent, I think you got a yawn. Net
Coms buying the new roomor sell on the news probably
have a little bit of pull back, maybe up a
little bit. It depends what they say. If they say
a quarter and then we're gonna go another quarter another quarter,
will be up a one percent in the next four
or five months, down one of one percent next four

(07:33):
or five months, that's a different story. But if what
if they cut by a half and then a quarter
in a quarter, I think that you'll see a stimulus
come in and think you think that the Fed's there,
and then the markets can take off. And that's gonna
help the technology stocks. It's gonna help the growth stocks
because with interest rates lower, that helps everything. It's also
going to help our debt. Okay, energy prices are down.

(07:55):
That's what helps the economy grow and do the things
we need to do. And if we and if we
do things that they say they're going to do and
increase jobs in the areas that we need it to
be because let's face it, with this new technology, we
need to know how to use it, how to learn
from it, how to build on it, and we're going
to have to honestly, we're going to have to go

(08:16):
ahead and actually train people just be you know, in
that trade of being able to handle the AI, to
handle the computers, to handle the technology that's going to
be there. You know, It's like it's like an auto
mechanic today, he needs to know computers. It's not just
you know, going in and taking the oil off and
putting it back on and saying, hey, I'm done. It's

(08:39):
understanding the logistics of the electronics of the motive, the
motor vehicles now. So there's a lot more to it
than just being uh, you know, coming out of high
school shop and be able to work on cars. There's
a lot more to it now. And you have to
understand the computers. You have to understand technology to make

(09:00):
at work. So that's kind of where this whole thing is. So,
I mean, if things are good, I mean, I definitely
think we can see sixty seven hundred on the Dow
pretty quickly, on the S and P pretty quickly, and
I think you're going to see fifty thousand on the
Dow way before you see anything in the thirties, all right,
And where we are, we're right in the middle right
now about forty five thousand, So I think you go

(09:20):
up to fifty thousand before you go down under forty thousand.
Anytime that there is a pullback here of say five seven,
ten percent, we need to jump on it because I
do think that coming back from there, the markets will rally.
And that's given the fact that we don't have a
black Swan event. Okay, and a black Swan event is

(09:40):
something that we cannot predict or see coming on what
it's going to be. I E nine to eleven, Okay,
I E nine to eleven. Obviously it was September eleventh
this week. I know a lot of us that are
older had family friends killed. They are people that we've known,
that I've known for long time, that have been sick

(10:02):
and died from being at at nine to eleven at
that time. I know people that were in the world
Trade centers that didn't make it out. It's a terrible thing.
And then what do we see this week is the
other the other problems we have, you know right now
in America. And it's not new, it's just different, you know.
You know, during the sixties and seventies, we had the

(10:23):
Vietnam War. They were protests all the time on college campuses.
Why do you think it's any different on college campuses now,
except the hate of a specific group has changed. It's
not about saying America shouldn't be in the wars in Vietnam.
It's you know, they lately it's been you know, blaming
Jews for protecting themselves and all, and yeah, you might

(10:47):
not like the way they've responded. You know, it's sort
of like the same thing all the time, you know,
especially like in a football game, the guy that gets
the penalty is the second guy. You never see what
the first guy does, and the second guy is the
one that gets flagged because he pushes back and all. Well,
it's kind of the same thing, I mean, except the

(11:07):
fact that we know that Hamas, who lives in Palestine,
rated and pillaged the Israelis on their territory. We know that.
So all this other stuff about them fighting back there,
you don't like the way they fight back, Well, you
know what, you don't have a better air answer. And
they didn't attack your house, they didn't attack your family,

(11:30):
and you don't live in a place that says, hey,
you know, we want to not hurt you. We don't
want to just not talk to you. We want to
annihilate you and your entire race. Okay, what would he
say to that someone wants to annihilate your whole family,
that they don't even want you to be existing next
door to them. I think your attitude wuld be a

(11:52):
little bit different, you know. So where we come now?
I mean, what a horrible week, What a horrible week?
Or you know all the all the you know, all
the videos of the Ukrainian girl refugee that came to
America to get away from the war ridden zone of
Ukraine and with paying attention just to herself, not bothering anybody,

(12:17):
some crazy maniac person decides to stab her and kill
her and it's all on camera, all on camera. We
have shootings, and then we have another assassination of Charlie Kirk.
Why is a Charlie Kirk situation so big? Because he's

(12:40):
a political activist. But he's a conservative political activist. He's
not a politician. He started his own political group to
spread the word of obviously being conservative and religion and

(13:03):
Christianity from his beliefs to young people on college campuses.
Never incited riots. There were never any type of protests
that got out of control. It was conversation that made
some people uncomfortable. But like everything now after he's been assassinated,

(13:32):
people try to take excerpts out of his dialogue to
say that he was a person of hate. I've read him,
I've looked at him. I didn't know much about Charlie Kirk.
I got to be honest with you. I knew what
he was, conservative political activists, mostly for young people, talking
about things that he needed to do. Knew what he

(13:52):
was talking about, okay, And at the end of the day,
there were a lot of followers, he had a lot
of people believing in them. But he wasn't inciting riots,
burning the flag, burning federal buildings. He was inciting conversation

(14:16):
that people were uncomfortable with. And if you can do
that and get killed for that, where are we today?
The hypocrisy of it all is amazing to me, and
I started to think, in wonder where we going as
a country. Well, I think this is a breaking point,

(14:36):
I really do. I think this is a breaking point
that they've gotten to this level. We all felt feel
sorrow and empathy for people are getting shot when it's
not even their fault, and other things happening to them,
but this one has bothered a lot of people. The

(14:57):
thing that stands out to me the most is how
the reaction is of the conservatives versus what the liberals
usually do during these times. Have you assassinated a political
left activist, The way they respond is simple violence, burning buildings,

(15:24):
burning cars, tearing up their neighborhoods. Why do they do
that because they hate America. They hate America. They want
to destroy America. And it goes deeper. And this is
not something that just came up. This is something that

(15:47):
has been going on for twenty twenty five years. I've
been talking to people, lots of people. We've been discussing it.
When we grow up, every day you stood it desk
with your hand over your heart and you said the
pledge of allegiance. Whether you wanted to or not, you did.

(16:09):
It gave you a sense of pride. It gave you
a sense of I love America. It gave you a
sense of I will go to war and protect America.
Those were the feelings that you got as you grew up.
In the sixties and the seventies. You didn't and you
protested if you didn't want to go to war in

(16:31):
the Vietnam War, and all this other stuff you protested
on the campuses. Some of them got out of control,
but most of them didn't. Somehow that has raised the
bar to burning cities, burning cars, killing people, doing the
things that are uncomprehensible. But if you look back at

(16:57):
what's changed, it started in colleges, okay, started in colleges.
The hatred for America started in the colleges. They didn't
want any more prayer. They didn't want conservative people to
be able to talk. If you didn't do what they

(17:17):
wanted and what they said, they threatened you. Charlie Kirk
was one of the probably few conservative activists that actually
stood it and went to colleges and built up a
great following. A lot of it built around God in Christianity,
whether you believe in it or not, there's something to

(17:40):
that believing in God that we've done away with. You
can't say the prejudal allegiance anymore. Look what we did
to the Star Spangled banner for so many years. You
want to protest, they knelt, they didn't stand up. There
was no pride. I understand it was about social justice.
I always said, there's a way to do it, a

(18:02):
different way to do it. How is our ideology so
different when it comes to crime? How could it be
that these blue cities are so different than the rest
of America. You see the maps when we have these
presidential elections, very few are all blue states. But the

(18:24):
blue states are the more concentrated people and thus usually
have a big say in what happens. But they're inner cities,
they're big cities. They're countries. Right, you got Chicago, you
got New York, you got California, those states Michigan switched.

(18:46):
But those main states Illinois, California, and New York, and
then you go up to eastern seaboard Connecticut and and
and Massachusetts. They just believe one way. They believe in
these sanctuarity cities. They believe in protecting the guilty. They

(19:09):
protect people that have committed crimes. When has this been okay?
We hear this all the time law and order. It's gone.
When you can go ahead and have fourteen different times
that you've been arrested for different actions and still be
on the street, why would you think that it's not

(19:30):
a game. Why would you think it's okay? And we
try to set up these prisons. We try to set
this up because we need this to be able to
house these really, really bad people. And the only time
it really affects you is when it is someone you
know close to you, your friend, or your family that

(19:50):
gets affected by these really bad people. Then you're up
in arms. This is not about God, It's about the
people that pull the trigger. I'm not a gun guy,
never had a gun, but I believe people had the
rights to their guns. I feel they'd have the rights

(20:12):
to defend themselves. If I felt that I needed it,
I would want to go get one. But we need
to get to the point that people can talk. This
political rhetoric of hate is unbelievable. And I know they're
on both sides, don't get me wrong. This is not
a one side issue.

Speaker 2 (20:33):
And yes.

Speaker 1 (20:35):
January sixth is a black eye. It was a terrible situation.
I wish it never happened, and yes it's bad for
the people on the right, it's bad for the conservatives.
But that's one time that that's happened and should never
have happened. What it was a one time event? How
many other events do we have to put up with
with these activists? Liberal activists on the other side that

(20:59):
burned for federal buildings, kill people in site riots, Go
ahead and make people scared on campuses. Everything that they're
doing is wrong. How have we allowed the ability to
have free speech on colleges actually go away unless it's
what they want you to say. We are seeing a

(21:20):
pendulum swing, and we need to see it swing even more.
We need to understand each other's side, and we need
to be part of it in each other side. People say,
how did we get to the point that it's starting
to swing. It's very easy. The ideology of being progressive
left underestimated the impact and the power of parents when

(21:46):
you take away their power. And if you looked at
the last few days, it all all the way down
to elementary school that they're saying that parents don't need
to know if a kid wants to be going through
a transformation. And that's when parents put their foot down.
That's when parents started saying enough is enough. And that's

(22:07):
when the woke left, and that's when the decisions on
the left started going towards a little bit more towards
the middle, and that's when they lost the election. When
they had open borders, when they don't believe that there's
people dying when they think that everybody else needs it's
everything's fine. But yet they have security guards, they have
fences around their houses, they have security systems, and they

(22:30):
have money to take them and do things wherever they want.
The politicians we have lived by different laws. The people
on the left that keep promoting this, the ACLU or
they live by a different situation than their people and constituents.
And now people on the left to start and say
this is enough, I'm done with this too. But why
did we ever take away the fact that people can pray.

(22:54):
I've seen football coaches get get get fired because they
were praying. So now when you see all this stuff
going on, all I hear now is like tea. You know,
there was some with Charlie Kirk and some other things
going on with people on the left saying things that
they shouldn't be saying. Are now getting fired from the

(23:15):
liberal stations of MSNBC and CNN and other networks because
they're saying things that are disgusting. Instead of bringing things together,
they're just saying things that they don't even know anything about,
and they get fired and everyone's up and on. Well,
they should have free speech. Well, guess what you talk about, karma,

(23:36):
you're getting the comma because how many people have you canceled?
Good people that got canceled because they believed in a
certain product or they believed in a certain way, and
you canceled. They canceled them down the road everyone concerts
and canceled people because they didn't believe what they say.
On the left, and now you see it. You don't

(23:57):
see riots, you don't see fires, you don't see killings,
you don't see militia's getting together, you don't see these protests.
What you see right now on the right is people
coming together and saying, how do we make America better again?
How do we fix this so we don't have to
live in fear? And the fear is going to get
worse because of how many people have come into this
country and we don't even know who they are, So

(24:18):
it's gonna get worse before it gets better. But at
least now we're fighting back for better America because we
love America. Thanks for listening. We got a lot more
to talk about. We'll be right back. Welcome back, everybody.
This is the Money Matter Show. We are so happy
here to listen. I know, it's been a tough week
for everybody except those investing in the market. But you know,

(24:38):
sometimes it's not about money, Dave. It's just not about money.

Speaker 2 (24:43):
Not about money.

Speaker 1 (24:43):
Yeah, it's about the core of who we are and
what we are. And like I said in my monologue,
I believe this is a turning point. I think people
are now asking how do we stop this? What do
we do? Okay, And of course you got the answers
on the left, get well, get with the guns. You're
gonna do gun control. It's not the gun control, Dave, Now,
because these people still get guns, rifles, whatever they want.

(25:07):
How about let's just start dealing with the fact that
if you're a criminal, don't get repeat offenses. It's bad
enough if you just you can't even see the first
time they do it, But no repeat offenses like that.

Speaker 2 (25:18):
Like kind of like triple kind of like being an alcoholic. Right, first,
you have to recognize that you have a problem. And
I hope that this might be the catalyst to make
us realize we've got a problem.

Speaker 1 (25:27):
Yeah.

Speaker 3 (25:27):
I mean, to start the week, you had a Ukrainian
woman get that just stabbed for absolutely no reason, just
going on to a bus someone like you said, Dean,
it's been repeat offender fourteen.

Speaker 2 (25:36):
Different times, You've been arrested.

Speaker 3 (25:38):
And then let go constantly and then finally this happens.
And I mean, imagine if the roles were reversed, right
if a white deranged man stabbed a black woman on
the bus, Charlotte will be burning to the ground right now.

Speaker 2 (25:52):
Yeah, oh absolutely.

Speaker 3 (25:53):
And also the same token with Charlie Kirk. I mean,
imagine how if it was MLK this time, you'd have
protests all across all the cities. And so it's very
interesting how one side can say, you know, we have
empathy when we choose, but then the other side, you know,
you can say the other side doesn't get that same token.

(26:15):
I mean, it's just the double standards. The hypocrisy is disgusting.

Speaker 4 (26:18):
We're the radical ones.

Speaker 3 (26:20):
It's ridiculous.

Speaker 2 (26:21):
And of course we had the twenty fourth anniversary of
nine to eleven during the week, which we shall not forget.
And then very very it didn't catch any headlines because
of Charlie Kirk, but there was a school shooting in
Colorado again on the same day. Same day, every being Colorado,
sixteen year old kid goes in and shoots a couple
of his classmates and antithematic.

Speaker 3 (26:42):
And I heard about also like a couple of posts
about after the Charlie Kirk, how desensitized our society has
gone with you know, the video and so many people
just wanting to almost see the video, the call of
duty esque mindset that a lot of these kids have
grown up in just so used to violence and seeing
bloody actions and just being okay with it, not having

(27:04):
that human decency, that human empathy that previous generations grew
up with.

Speaker 2 (27:08):
Well, it looked like something from a video game. If
you if I happened, I don't want to see it again,
but I happen to see it. I wasn't looking for.

Speaker 1 (27:16):
What happens in the video games, the blood out No, no, right,
but what happens in the video games. When that happens
and you're done with it, you don't want to see
it that anymore. You reset and the back to being
alive again. Respond, right, that mental part of it, even
though they know the dead. Okay, if you kill someone,
but they don't think it is you know what I'm saying.

Speaker 3 (27:36):
They don't value the life.

Speaker 1 (27:37):
They don't value it.

Speaker 3 (27:38):
It's not it doesn't hold the same meaning because they
think that it can just be respond. I mean, human
life is very one time, I mean, and the level
of I mean, just having the ability to have discourse
in this country is our number one first amendment. I mean,
it's the number one thing. If you can't have freedom

(27:59):
of speech, what can you have? What kind of society
do you have?

Speaker 2 (28:02):
And then the market just continues to move higher. You know,
September has a bad reputation because it is by far
and away historically the worst month for stocks. But here
we are halfway through, up one point nine percent new
all time highs last week for all of the major indices,
including the RSP RSP being the equal weight to SMP

(28:24):
five hundred that measures all the overall market. And we'll
always like to say that's the market RSP new all
time high, not new fifty two week high, new all
time high. Yeah. I mean.

Speaker 5 (28:36):
The reason that September is being good to us so far,
even usually it's not, is because of all the Fed news.
We're thinking they're going to lower rates is coming week.
I mean, it's everything's pointing to that. But how much
are they going to lower it? That's the optimism going
into it. Kind of think they need a start lowering
rates based on some data. But that's why September might
be better this year than historic.

Speaker 3 (28:55):
But obviously, but also you're saying like equal weight to
getting all time high. It's only twenty basis points for
the month. It was up thirty basis points for the week,
the SMP up one point six, NASG up two percent.
I mean, it's continuously being driven by these textocks mag seven.
I saw the mags etf on Friday up you know,
one point seven percent. Those companies continued to dominate, and

(29:17):
I mean it's it's interesting that were at the sixty
six hundred on the SMP, the all time high. We
always talk about how big psychological levels can be resist numbers,
right yep, So that definitely happened. It, you know, finished
right at the sixty five eighty four on Friday. So
that's that's the new high, sixty six hundred on the SMP.
We were talking seven thousand a couple of months ago,
and it seemed very far off. You know, that's less

(29:38):
than eight percent from here.

Speaker 2 (29:39):
I was listening back to one of our shows from
just a few weeks ago, where Dean was talking about
the SMP hitting sixty four hundred and saying it's all
of the news is out right, which which is not
what he was saying.

Speaker 1 (29:52):
True.

Speaker 2 (29:53):
All of the things with Trump and the tariffs and
waiting for China and waiting for a Europe and all
that was was out at that point. So sixty four hundred.
What could possibly drive it higher? And here we keep going.

Speaker 3 (30:04):
I think another point that I mean, I was at
a golf tournament on Friday for Southern Arizona home builders
and seeing that sentiment of that industry is coming off
of a bottom. Right, you have these lower interest rates
that is sparking another part of the economy that hasn't
participated in the last year and a half rally that
has been really just tech driven, data center driven. It's

(30:26):
been pushing this market higher, but it's only been you know,
participating a certain part of the economy now the housing.
You know, we saw some solar companies that are going
to get some bids if interest rates get lower, different
you know, interest rates sensitive businesses are going to become
better and I think that's what's kind of helped push
the market even higher over these last month and a half.

Speaker 2 (30:46):
Okay, but let's think this through. So in CPI, the
consumer price index two point nine percent in August, that's
the highest in January. It's actually the highest in eighteen
months if you go back and look at where things were.
So prices are slowly rising, slowly but steadily rising, and

(31:07):
that's without any help from housing. And that's without any
help from oil. What happens if oil? What happens if
these lower interest rates to ignite a boom in housing
and that ignites the boom and oil. Yeah, very well,
that's what do you have in terms of CPI. Then
you've got to fed this lowered rates one or two times.

(31:27):
It's gonna have start raising rates.

Speaker 3 (31:28):
But if you do remember the FED a month two
months ago said we don't care about inflation. Inflation is
kind of where we want it to be. We now
care about the labor market. And that's why I think
this last labor report had such a big market moving effect,
because it came in quite weak, no question, and it
gives them the kind of leg to stand on to
start cutting these rates. And if the labor market continues
to get weak, that kind of does give them the

(31:49):
ability to keep this lowering rate cycle. If it continues.

Speaker 2 (31:53):
I think that we're probably looking at No, not probably,
I think we could possibly be looking at Stagflation. Is
what it looked like to me, is maybe where we're
going in the stakeflation is the worst possible economic outcome.

Speaker 3 (32:07):
I agree, But do you think it matters right now
to the market more labor reports or CPI reports, and
I think it's labor right now?

Speaker 2 (32:14):
It does right now, absolutely, no question. The Fed is focused.
I don't know how much of it's got to get
Trump off their back, right there's some of that for sure,
And then of course the how what gives them the
ability to get Trump off their back is the reports
on labor over the last couple of months have showed
a weekending jobs market, much of a low look back

(32:34):
the March. The annual look back from March nine hundred
and eleven thousand fewer job dealing, I think he said
last week.

Speaker 5 (32:39):
Yeah, it was from March twenty five to March twenty four,
that twelve month trailing it was nine hundred and eleven
thousand jobs less than they initially thought.

Speaker 4 (32:46):
So that's had been reported then were reported.

Speaker 5 (32:48):
Yeah, so the job mark was weaker than they thought
coming into this new administration. Is what was reported like that.
But I mean, like we said, it didn't do too
much to the markets. It's kind of in the sense
the marks are happy because it's weakers. So are they
going to lower rates? Stuff like that?

Speaker 2 (33:02):
Bad news and good news right now?

Speaker 3 (33:04):
Yeah, well, you know, keep hearing it pretty much. Some
people in the housing industry still think that, like, oh,
I heard the Fed is going to lower interest rates
this month. The mortgage rate's going to go down, And
it's like the mortgag rates are already down because everyone
knows it's a ninety nine percent, ninety nine point nine.
They're going to cut rates this month twenty five base points.
I don't think we're getting fifty unless someone else has
heard that.

Speaker 5 (33:23):
Well, and a big thing that people are looking at too,
investors are looking at it in companies now is what
their guidance is, what their futures looking up? Because of all,
how are they dealing with the new terrorists, the new
world that we're going to be living in as long
as these terrorists are there, as long as the new
technology is coming through with AI, what are companies guidances?
And you saw Oracle go up thirty six percent with
its largest jump in thirty five years, almost thirty three years.

Speaker 2 (33:43):
It's amazing.

Speaker 5 (33:44):
Yeah, I mean Marry Ellison's networth jumped one hundred and
nine billion to making the richest man in the world
because of that stock just going that high. Obviously, it
dropped six percent the next day, but it just had
a great day. And it's because it's talking about a
five hundred billion dollar investment that and three hundred billion
of that is open up into all these the cloud
infrastructure that Oracle offers, and that's what they keep looking

(34:05):
at is what is the future and where is it?
And that's why I think Nasdaq was up two percent
this week because it's all tech. You had Friday, you
had quantum companies all go up roughly ten percent at
least because they had breakthrough and hardware we're talking about AI.
Quantum is the next step, which is about five ten
years away in that sense from what people are saying.
But they're having these breakthroughs a lot quicker than they

(34:25):
initially thought. Google had to break through a few months ago,
and they thought that breakthrough is going to be five
years from now. So does quantum just make it go
that much quicker? And then all of a sudden these
companies are having the breakthrough is quicker with the hardware,
with the software, with the infrastructure.

Speaker 4 (34:38):
Of the quantum and all that.

Speaker 5 (34:40):
Now, all of a sudden, that's the next step without
and then we're going past AI and AI will be.

Speaker 2 (34:46):
Used in that the Oracle report was so astounding to me,
it was astounding, and that they announced that in their
pipeline they had ten years more than any year in
which their annual revenue has been If I can't say
it right, but their annual revenue last year was fifty
two billion dollars, right, they have five hundred billion dollars

(35:07):
in the pipeline. Are you serious? You know? How's that?
And I think a lot of people over the last
couple of days have been kind of thinking about does
that make any sense at all?

Speaker 6 (35:17):
I think it does make sense just because of the
mass amount of money that's going into these GPU farms.
I mean, when I think about artificial intelligence headed into
the next three to five years, I'm thinking about it
in the social media sense of how different it's going
to change of our lives. What is the almost the
social media effect of this artificial intelligence, Because we're going
to get to the point where there's AI agents that

(35:37):
do work for us. Right, that's going to take jobs away?
How is that going to keep affecting? At GPU? Farms
are just growing more and more and more.

Speaker 2 (35:44):
Good point. We'll talk more about this after the break.
We'll be back with the next segment of The Money
Matter Show. Thanks for joining us, We'll be right back.

Speaker 3 (35:53):
Welcome back to the Money Matter Show. My name is
toddlik I'm here with the Basseinborer, Sine, Dylan Greenberg, and
David Sherwood. We're talking about how Oracle had its biggest
one day jump in over thirty years, and it was
a beautiful jump for the stock. I mean, we had
a good position for a lot of our clients and
that was a good thing for them. And what we
talk about always is when you have a good position

(36:14):
like that, explode higher, Right, you have a couple of decisions.
Do you you let it go do you trim it back?
And I think it's all about position sizing, right, Dave.
I mean, if you started with a one percent and
exploded higher and now it's three percent, you don't necessarily
need a trim it. It's not a large percent of
your portfolio. But we do have some times where someone
will have five percent perfore maybe Oracle, and then it
explodes and now it's twenty five percent of your portfolio.

(36:36):
And at that time it kind of could make sense
to trimp some back because, like you said, Dylan, next
day Oracle trims back six percent.

Speaker 2 (36:43):
How about the last two and a half days, it's
giving back sixty percent of that game. Yeah, sixty percent
is down fifty points.

Speaker 5 (36:49):
Yeah, I mean, and then it's a big A great
example of that is in Nvidia. I mean, that turned
from two percent of people's portfolios to three percent to
twelve percent for the last month.

Speaker 2 (36:59):
And then we want to pay taxes.

Speaker 5 (37:00):
Right, yeah, And I mean if you're in a retirement account,
it makes it easy to trim that position and get
it back to where it isn't just realize some gains
because you're not paying any taxes on it if it's
in a retirement account. Obviously, if you have a huge
position in a taxble account, you don't want to necessarily
sell it if you have no other losses and you
don't want to realize taxes because you really have no
use to do it for that money this.

Speaker 2 (37:19):
Year and over the last forty five years, of doing this.
I have witnessed a large number of positions that had
very highly appreciated prices and the clients did not want
to pay taxes on them, and the gain went away,
so they didn't have to pay taxes on them anymore
because there is no gain. Yeah, soh you know, six

(37:41):
and one half does none. If you've got a long
term capital gain, twenty percent the maximum you're going to pay.
You need to be trimming some of these broadcoms and
Oracles and n videos, some of these stocks that have
really run. You've got to trim them back. Will you
have to pay tax on it? Oh? Well, you know,
I want to be in the highest tax bracket every year.

(38:03):
That's my goal. I always want to be in the
highest tax.

Speaker 5 (38:06):
In a sense, if you don't make over five hundred
and eighteen thousand dollars, well, as a single filer, you're
paying fifty zero to fifteen percent of that capital gains
twenty percent starts at after five hundred and eighteen thousand.

Speaker 4 (38:17):
An income that high is that high? Holy cow? Wow?

Speaker 2 (38:20):
I didn't really.

Speaker 5 (38:20):
You got to make a lot of money, yeah, come
to be able to pay the twenty percent. So if
you're twenty percent and you're realizing games. Then you're doing
something right.

Speaker 2 (38:28):
Yeah, So don't don't let don't let taxes be the
primary deciding factor as to whether you hold a stock
or not.

Speaker 3 (38:35):
We had we saw someone with open Door just absolutely
killed this week. Open Door just going up in one
of those meme stocks. It seems like right now, I mean,
unless the business model absolutely changed. I mean that thing
was up about seventy percent of stock.

Speaker 2 (38:49):
And this client called his own shots and he was
he'd buy one thousand, and buy another thousand, buy another thousand.
I just what are you? You know? It was a
dollar dollars and a half, two dollars in back to
a dollar and ended up with thirty thousand shares in
every price of a dollar and a half, and it
went to ten to three quarters, so that it was
a pretty good day.

Speaker 6 (39:06):
I just want to give a little lens of how
crazy that trade was, because, for example, you have the Spy,
which is the ETF for the S and P five
hundred right on Thursday, whenever that big pop was let's
say about fifty sixty million shares traded in the Spy
that day. Yeah, Tesla one hundred million shares traded that
day open door. I'm pretty sure it hit a billion shares.

(39:28):
I mean, I don't know exactly what the end's result was,
but I saw it. Around nine hundred and fifty two
million shairs traded that day.

Speaker 2 (39:35):
Right, and it went down a buck and a half
on Friday, So you know there's forty five thousand bucks
went away. Yeah.

Speaker 6 (39:42):
Well, you know, massive short interest on that thing.

Speaker 2 (39:44):
And you have to have you have to have very
strong nerves to deal with these penny stocks like that.
And this particular client really believed in the company. You
knows the company. He thinks it's going to be a
big deal. It's extreme only volatile. Uh. And again, we
don't recommend any securities on this show because we don't

(40:05):
know your investment objectives, we don't know your risk tolerance.
So because we're talking about a stock does not mean
we like it or dislike it. Doesn't mean you should
buy or sell it.

Speaker 7 (40:14):
Talk about right, I mean Carvana another hundred my goodness,
two almost.

Speaker 4 (40:19):
Like three dollars. Yeah, it almost all the way back
over three hundred.

Speaker 2 (40:23):
Yeah, it almost went out of business, almost went out
of business. It was crazy.

Speaker 3 (40:27):
Yeah, And so I mean as as much as We've
seen a lot of these stocks have crazy runs. Vimeo
was another one. They got taken private. Uh well, they
were bought out in a service they were taking private,
but their stocks ceased to exist and they were up
about sixty percent one day as well. There seems to
be a lot of mergers and acquisitions, David, and you've
always talked about it. That's the sign of a healthy economy.
As much as we might have stackflation, businesses are still

(40:49):
buying a lot of things, and they're buying companies.

Speaker 2 (40:52):
And that's a great sign. You don't buy another company
if you think the economy is going to roll over.

Speaker 5 (40:56):
For example, twenty twenty two, there wasn't a lot of
m and as and acquisitionss for very Quiet, and there
was for the big time players too, Morgan Stanley's Golden Sacks.
They're saying that they just don't have a lot of
activity in that sectors. So seeing a lot of it
is good.

Speaker 2 (41:12):
I think the one thing I've learned over a decade
of doing this is don't fight the tape market is
just content just pushing higher, higher higher. Don't fight it.
Don't try to short it, don't try to believe that
you can call the top. The market wants to go
higher here will it will there come a time when

(41:32):
it stops, Yes, but nobody knows when that is. It's
like I always use the analogies like catching a falling knife.
You know, if you're successful, you look like a genius,
but usually you get cut and pretty badly.

Speaker 5 (41:44):
It doesn't hurt you to have cash right now, especially
if it's in a money market. Those money markers are
still paying three four percent, so you can keep that
cash on the side. But there's opportunities in individual stocks.
It is kind of tough to buy the indsties right now.
They keep hitting new all time highs. But like you said,
when is it going to stop you up? So maybe
just buy a little bit at a time.

Speaker 2 (42:02):
And how long have could we have said that Dylan
on the s and since yeah, pretty much, but by
now because it's all time high.

Speaker 4 (42:12):
Company since like June. Really we're talking about this on April.

Speaker 5 (42:15):
April of course obviously took well went down and then
you're buying, buying it through May, and then once it
got into June and kept going up, We're like, at
one point, how much higher?

Speaker 4 (42:22):
And then it keeps going, It keeps going and that's
why when we.

Speaker 5 (42:25):
Build our portfolios out for our clients, we have a
model where we keep you invested in a portion of
your portfolios usually invested into the markets, the broad markets
in the US as a whole, because we don't know
if the markets are going to just go off at
one point and just go higher. So I mean, we
have ideas, and we have our theories and everything, but
still there could be reasons we don't think it should

(42:46):
go higher, and it just keeps going higher because they
just ignore the news and there's millions of people out
there investing.

Speaker 3 (42:50):
So and with the current interest rate environment, what we
understand is there is going to be lower rates coming up,
and annuity companies are going to offer a little bit
higher rate ate for maybe longer than they should, but
those are going to come down. I got a call
from one of the nudy people that I work with
a lot, and he's saying, right now the rates are
still pretty decent. One company actually still raise their income rates,

(43:11):
but he knows that once the FED lowers, and you know,
we have even more projections for lower rates, potentially those
income rates are going to go down. The MIGA rates
are going to go down. I know, Athene and other
A rated insurance companies, nudy companies are still offering around
five percent if you have over one hundred thousand. It's
a little lower if you have under one hundred thousand.
But you know, these are multi year guaranteed, the nudies

(43:33):
for three, five, seven years that you can lock in
really high rates. I mean, we were talking about a
Dave how a year and a half ago. Someone locked
in six percent for five years, you know, and that's really.

Speaker 2 (43:43):
I think it was fiction. Three eights actually, but I
think that was the high and they hit nailed They
nailed the high exactly.

Speaker 3 (43:50):
Yeah, So you just go and that five percent that
we see now is probably not going to be here
one year from now. It might be three point five
or something.

Speaker 5 (43:57):
Yeah, And that goes for corp corporate bonds as well.
We've bought corporate bonds for a lot of our clients,
and those rates used to be and we buy right
now we're buying one year to five year maturity dates,
so they're a little shorter term.

Speaker 4 (44:08):
But what we used to see in.

Speaker 5 (44:09):
The last couple of years is five five and a
half percent on those and their investment grade bonds now
it's in the force and they're going down, and they're
constantly going down.

Speaker 4 (44:17):
You're buying.

Speaker 5 (44:18):
It's hard to find good ones with the higher with
one of the higher rates to sell at a discount.
Most of them are selling over par right now.

Speaker 3 (44:25):
And I asked my guy for a little reference, just
like for a sixty eight year old, how much could
a single person get for income guaranteed for life. They're
around eight percent still, you know what I mean. So
it's a really high rate that you can get income.
You know, obviously, if we have a sixty year old,
we're not gonna be able to say that we can
guarantee you eight percent withdraw rate further as long as
you live.

Speaker 4 (44:44):
Yeah, it's just not possible.

Speaker 5 (44:46):
If you're thinking about annuities or you just think that
might be something you want to look into, come give
us a call and we can do the whole plan
with you to see if it's even something you need.
Because a lot of the time we see it's not
something you need. You have more than enough to fund
yourself and not lock up money. But if you like
that word garantarantee and guaranteed income, we can't offer that.
But a newity companies can't based off what they can offer.

Speaker 3 (45:06):
And I think another great example is Dave had someone
that was going to get a pension regardless, but they
also have the option for the lump sum. And sometimes
the lump sum can be better because you can make
your own pension, but it comes with a little more
bells and whistles.

Speaker 2 (45:19):
This particular client was a really interesting story. She was widowed.
She was offered from the husband's company a two thousand
dollars a month payment for life with no death benefit.
So in other words, she started getting in got let's
say she got two checks and got hit by a car.

(45:39):
It's gone. That's it, so no death benefit. All we
were able to get her twenty one hundred dollars a
month with a death benefit that slowly declined, but it
was on there for ten years, so it gives her
ten years of if something happens. And interestingly, she's in
the hospital right now. I just talked career yesterday.

Speaker 3 (46:00):
But higher income though also as an.

Speaker 2 (46:02):
Oncologists, so that that's not a good I don't want
to say on colleges, no, no, you know so, but anyway, regardless,
if if she was healthy, you got ten years if
something happened if you're going to have assets that you
can pass to your errors, whereas in the other situation
it's gone.

Speaker 3 (46:20):
Yeah, a lot of people don't understand that. The old
annuitization where you give up your money and then you
get a guaranteed check and you just never get your
money back. That's that is a version of annuities. You know,
it's a single premium income annuity and you can get
the highest payout rate that way, But we're not talking
about that with these are truly just you're gonna it's
going to go against the principal value and eventually it's

(46:40):
going to go to zero, but that takes about ten
to thirteen years, depending on investment returns in the annuity itself.
So there will be still a death benefit depending on
when you pass away. And you can still if it's
an IRA, get joint guaranteed payments, and even though it's
an IRA, you can still get joint guaranteed for the spouse.

Speaker 2 (46:56):
Yeah, that's that's an interesting thing here because I had
someone ask me that, and you does it apply to
an IRA?

Speaker 3 (47:03):
Is that only for spouses?

Speaker 2 (47:05):
Only for a spouse? Yes, that's nice. So again, if
you have a limited amount of funds, and limited is
different in different people's books. Limited to some is one
thousand dollars, limited to others as a million dollars. If
you have a limited amount of money in your mind
and need that money to give you the maximum return
it can to support your lifestyle, this is one way

(47:26):
to do it. We'll be back with the second half
of the Money Matter Show again. We thank you for
taking time out of your Sunday morning to join us.
Football hadn't charged it, so you got nothing else to.

Speaker 5 (47:35):
Do, right, Welcome back to the second hour of the
Money Matter Show. Thank you for tuning in. I'm Dylan Greenberg.
I'm here with Todd Glick Junior, Sebastian Borsini, Day Sure
with and Dean Greenberg. Thank you all every day every
Sunday for tuning in. We couldn't do without you and
those of you just tuning in. The Dow was up
one percent last week, the SMP was up one point
six percent, the Nasdaq was up two percent, the Russell

(47:56):
two thousand was up point two percent, and the equal
weighted SMP was up point three percent. Very concentrated in tech.
Like we said in the first hour, Oracle went up
thirty six percent of one day. It did drop down
bit after that, but still up for the week. A
lot of the MAGA or the mags ETF went up,
which is Apple and Vidia, Meta, Google, all those. And
also we had all time highs for the fifty two

(48:18):
week I sorry for the Dow, NASZAC and SMP, and
an all time high for the equal weighted SMP five hundred.
So the markets just keep going higher in September, which
is historically a down month, but like we were saying,
it is being driven by the Fed right now, which
are likely going to lower rates this week coming up.
So we're going to see how that all goes and
just keep navigating this market and see what goes on.

(48:39):
A lot of these companies are talking about their guidance,
not so much about what's happening now, what's happened in
the past quarters, more about what's going in the future
with the terrorists, how they're navigating the terraces, and how
they're navigating building stuff on land on US soil, and
how they are going through the technology.

Speaker 2 (48:56):
Generally pretty optimistic.

Speaker 5 (48:58):
They're optimistic. I mean, so this company called Nibeus Corp.
They build the infrastructure, they build like warehouse is pretty
much for these tech companies. They just inked the deal
with Microsoft last week for eighteen billion dollars over like
I think up to five years. That's more than their
market cap right now.

Speaker 2 (49:15):
That big number.

Speaker 5 (49:16):
That is what's happening. And like that's like you were saying, Oracle,
it's hard to fathom the five hundred billion dollars they're
gonna they're expecting to get in the next few years
over what they were talking about through their new cloud
infrastructure deals. It is fathomable. It is believable because of
all this money that's going into these tech companies.

Speaker 4 (49:32):
It's crazy.

Speaker 6 (49:33):
I mean, the need for GPU infrastructure is just getting
more and more and more every single day. I mean
that nebbeus is a perfect example of it. The stock
was trading out probably under twenty dollars a share at
the beginning of the year, announced that what ninety yeah, I.

Speaker 5 (49:45):
Mean, and last week alone it was at fifty sixty
dollars a share.

Speaker 4 (49:49):
It's up where it hit one hundred yeah point.

Speaker 6 (49:51):
Another another one that piggybacked off of that was APLD.
This week Applied Digital. They rose about twenty five percent.
Same kind of a company. They provide the actual infrastructure
of the warehouses within that space.

Speaker 5 (50:04):
And that's where we're finding more now too is a
lot of people are looking into what else goes into
companies like Nvidio, what else goes into All the Tech.

Speaker 3 (50:13):
Another semiconductor company that obviously with the AI and all
this is a lab. They're up seventy six percent year
to date and up eighteen percent in this last week.
Continues to get a bid. I've watching this thing since
one hundred and ten. That thing's going to double. Another
one that's come down a lot that we were talking
about earlier is Circle. It went all the way up
to two twenty, came all the way back down to

(50:34):
about one eleven, and then popped on on Thursday. And
I'm not sure how it did on Friday, but another
it just.

Speaker 6 (50:40):
I think came down like five percent from space from
its twenty percent pop on Thursday.

Speaker 3 (50:44):
Similar to that as Core Weave right, if you think
about how that popped very big after its IPO came
down and then again popped verily nicely this week as well.

Speaker 6 (50:53):
And again Core we've hosted the GPUs a lot of
high flyers in this market, but we are in no
way given recommendations. The show's answered by the Greenberg Financial
Group and you can listen on seven ninety Canisty or iHeartRadio.
The show discusses different investment products and strategies, and every
product and strategy have some type of inherent risk associated
with them, and we strongly encourage our listeners to understand
the risks to determine whether to buy, sell, or hold.

Speaker 4 (51:15):
Show has been on.

Speaker 6 (51:15):
Air for over thirty years. The Greenberg Financial Group is
registered with the SEC. Visit our website at Greenberg financial
dot com for some more information. I think we have
maybe what five ten different five to ten more spots
where some and are coming up.

Speaker 3 (51:27):
That's gonna be its about seven or eight more spots.
There's not many left, so definitely sign up for that.
It's going to be a great event where we're going
to be able to actually show you what a sample
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so we're gonna have another one each quarter. This is
going to be a quarterly thing, so definitely feel free
to sign up. You go to our website, it's going
to be right there.

Speaker 2 (51:46):
Hey, Tesla, unbelievable, unbelievable.

Speaker 3 (51:49):
Ev Garage time.

Speaker 2 (51:50):
I mean, actually, let me and I will say this.
My lease is up in ten months and I'm going
to lease another electric because I love it to death?

Speaker 4 (52:00):
Is he going to be the Tesla?

Speaker 2 (52:00):
Though? You know, I wanted something different and I want
to I want to do something different. I wanted to
do the laning the Ford Mustang g T, which which
has better ratings actually than the Tesla on many METRICSU
he has ay has a cool one, you know. And
as I look around and as I kick the tires,
there just isn't another Tesla out there. I think it's

(52:23):
probably gonna be another Tesla.

Speaker 3 (52:25):
So you are going to go back to testa I think.

Speaker 2 (52:26):
So that's where I'm leaning. That's where I'm leaning right
now because I even though I will say the Ford
Mustang GT does rate better than the Tesla model why
in most tests modestly better, They're pretty competitive, but Ford
wins on almost every metric. I just don't see myself

(52:46):
driving a Ford. I just don't.

Speaker 3 (52:49):
Well, you were going to do it before they had
the backlog?

Speaker 2 (52:52):
I was, yeah, well I was that was gonna be
my first elect.

Speaker 4 (52:55):
You gonna get? Are you going to get the cyber
truck next?

Speaker 2 (52:58):
I don't think so. No on this Oh yeah, yeah,
they've redesigned it so it's different. You know, the Mag
seven stocks have been driving this market, The big seven
tech stocks have been driving. So I went in and
looked at the price earnings ratio of each one of
them to see how they stack up with the overall market,

(53:19):
the S and P five hundred price earnings ratio. And
again that's just one measure, but it's a pretty important one.
The S and P five hundred price earnings ratio right
now is thirty thirty. The historic norm sixteen thirty. Okay,
So here's the MAG seven from the cheapest to the

(53:40):
most expensive. The cheapest MAG seven stock, and I think
you could guess this.

Speaker 3 (53:44):
I would think would be Google.

Speaker 2 (53:45):
Yep, twenty four times earnings. Shockingly though, twenty four times
earning thirty is the market. It's cheaper than the market.

Speaker 3 (53:55):
I mean, they were down to twenty before this big
pop that they just had. And that's what we were
just screaming about, like this company is other than yes,
you have this chrome thing and that finally got away
from it and then now that's just running away. It
should eventually, like you said, go back to the market
pe at least.

Speaker 2 (54:10):
If it's illegal. Yeah, if the legal issues aren't fact
behind it, then it appears they are. It ought to
be catching up. But twenty four times earnings. Interestingly, the
second cheap stock I would not have come up with, Meta,
Meta is only twenty six.

Speaker 3 (54:24):
Times earnings, bringing in a lot of money.

Speaker 2 (54:26):
Yeah, and then Microsoft thirty two times earnings, Amazon thirty
four times earnings, in video thirty nine times earnings, Broadcom
fifty three times earning.

Speaker 3 (54:38):
Well, broad COM's not MAG seven, you're.

Speaker 2 (54:41):
Right, Well, I don't know what it's on this list. Huh,
it's not one of the mag sevens.

Speaker 3 (54:45):
But I leave off Well, it's it's it's Microsoft, It's Meta, Microsoft, Amazon, Google, Tesla,
And then you say Apple Apple.

Speaker 2 (54:57):
That's why I left off Apple. Yeah, what's apples Pee?

Speaker 3 (55:01):
That's got to be like thirty two or something.

Speaker 2 (55:03):
Look, anyway, I think the point is that this is
of the seven stocks that are driving this Marketty.

Speaker 3 (55:10):
It's about thirty thirty thirty point four.

Speaker 2 (55:13):
Okay, thirty point four, So the seven stocks are driving
this market. Google is the cheapest. How about Tesla two
hundred and twenty one?

Speaker 3 (55:20):
Yeah, wow, it's just like in its class of its own.

Speaker 2 (55:22):
It's just in a world of its own. It has
nothing to do with valuation. It has nothing to do
with car sales. I'm not even sure it has to
do with robotics. I don't know what it is.

Speaker 3 (55:34):
Yeah, and I think that's how a lot of these
stocks get It's just Tesla is just the king of
those stocks.

Speaker 2 (55:39):
It's in its own little world.

Speaker 3 (55:40):
The amount of shares that has traded these shades more
than the S and P. It's not it's not valued
at the same level. I mean, it just doesn't make
any sense unless you just put over the layer that
it's used as a trading instrument and you're like, okay,
well that's why it's doing what it's doing. But it
was a big this week, I mean, thirteen percent. It's
it's game. It got seemingly breaking out of like a

(56:02):
triangle formation it was forming on the charts. So it's
gonna have see some resistance, but it looks like it's
going to try to go near it's all time high again.

Speaker 6 (56:11):
At Dave, You and I ran into something this week
that it's typically not seen before.

Speaker 2 (56:16):
Remember Ira, Yeah, RMDS. This is fascinating stuff. It doesn't
apply to hardly anybody, right, but it is fascinating stuff
and it might apply to you.

Speaker 4 (56:26):
Yeah.

Speaker 6 (56:26):
So most people have to take their armds at seventy
three years old, and the default rule says that the
IRS uses what's called the uniform lifetimetable, which assumes your
spouse is close to your age. There is a special exception, however,
if your spouse is more than ten years younger than
you and is your only beneficiary of the accounts, you
can use a different RMD factor on a different table,
the joint life expectancy table. Why this matters. This gives

(56:48):
you a bigger life expectancy factor and which makes your
RMD in turn lower. Right, So if you're if you
have a spouse that's under or ten years younger than you,
and you're taking your full armdmunce justnow that you could
take a smaller amounts. I'd be happy to calculate that
for you.

Speaker 4 (57:04):
Give us a call.

Speaker 6 (57:04):
It five two zero, five, four, four, four, nine or nine.
Not again, not a typical thing that we run into
every day, but we did run into it twice, not once, twice.
This week.

Speaker 2 (57:14):
I have a client that I turned seventy three this
year and he's been very successful, and his required minimum
distribution is two hundred thousand dollars. He has to take
two hundred thousand dollars out of his retirement account. And
he said, what do I do? I said, to get divorced,
you need to marry somebody can here younger than you.

Speaker 4 (57:31):
Yeah, yeah, tell tell Bill Belichick.

Speaker 6 (57:33):
He needs to put a ring on it.

Speaker 3 (57:35):
But I mean, at the end of the day, it's
what was the difference.

Speaker 6 (57:42):
And obviously it's going to depend on it.

Speaker 3 (57:44):
It's sixty percent of the dollar amount, and then you
take the tax number of that amount. So for most
people's rm ds, I mean you're talking pretty small amounts. Now,
if you have a two hundred thousand dollars MD, a
little bit different, very.

Speaker 2 (57:55):
Different, very This particular guy that we were talking about,
his rm D was five one thousand. It went to
thirty two hundred.

Speaker 6 (58:02):
But if one of your worries is this IRA gonna
last until you know my wife outlives me, Well, let's
start taking less money out of it.

Speaker 1 (58:09):
I'm sure that's the point.

Speaker 2 (58:10):
Yeah, that's the point. So it's kind of an interesting thing.
If your wife is ten years or more younger than
you and she's the beneficiar heavy.

Speaker 6 (58:16):
Your ira and so on a percentage basis. Let's say
let's say that you're twelve years older than your spouse,
that percentage is going to be lower than if your
spouse was seventeen years.

Speaker 3 (58:25):
Younger than you.

Speaker 7 (58:26):
Right for that income to hire a texture, it'szing Marco recap.

Speaker 2 (58:30):
The Chinese market was up four percent last week, European
market up one percent. Oil gained fifty cents on the
week to sixty two to fifty. Gold hit a record
high during the week of thirty six seventy closed up
thirty six dollars about gold, thirty six forty six.

Speaker 3 (58:45):
It's amazing, I mean, isn't that incredible gold. That's what
I'm saying. I mean, that's just that number about gold.

Speaker 2 (58:50):
I'm talking thirty gold. And you say how about gold?

Speaker 6 (58:52):
After you said it, because I was, you know, he's
reiterating how about gold's performance.

Speaker 3 (58:57):
Yeah, it's like, how about gold's performance? Exactly? You see
it because you can only go straight to oil after
I was just trying to cut you out before you
go to oil, because I wanted to talk about gold.

Speaker 2 (59:05):
I was gonna go a bitcoin.

Speaker 3 (59:06):
Actually, well, either way, I knew you're gonna go something
else that I wanted to oil before.

Speaker 2 (59:10):
If you were my bad either.

Speaker 3 (59:12):
Way, I just I wanted to talk about gold.

Speaker 2 (59:14):
Okay, isn't that incredible? It's amazing and it keeps going
and we own none because there is really no good
way to own it.

Speaker 3 (59:22):
Well, I bought a little bit of a GDX gold
gold gold miner. I've I've looked it up against the research.
Gold miners seemed to be very cheap relative to where
gold has been in the past, to valuations of.

Speaker 6 (59:34):
Gold, relatives of the price of gold too.

Speaker 2 (59:36):
The price of gold and they always are just definitely high.

Speaker 3 (59:39):
But there's also times so they'll get too closer to
where they should be valued during hype cycles and that's
how anything works.

Speaker 2 (59:46):
And then of course they get the g LD, which
is the gold ets just straight up down times and
measures sometimes doesn't. Sometimes I've seen days when gold was
up twenty bucks, it'd be.

Speaker 4 (59:55):
Down and half a dollar.

Speaker 3 (59:56):
What I haven't Yeah, I don't know. But what I
do know is i've I've had a position in gd
X and it's performed incredibly well over the last three months.
So I have trimmed back obviously some, but it was
a great way to play gold was GDX.

Speaker 2 (01:00:15):
There were a number of I pos in that space
over the last week or so. Your thoughts on I'm
throwing your crumble here you have.

Speaker 3 (01:00:23):
Yeah, I mean nothing to me that like gets me.

Speaker 4 (01:00:26):
Really.

Speaker 2 (01:00:27):
They had a client call Friday and ask if if
the latest the one that came today. I came Friday.
I can't think what it was.

Speaker 3 (01:00:34):
It should be Gemini.

Speaker 2 (01:00:35):
Yeah, Gemini. What are they doing this different?

Speaker 3 (01:00:38):
He asked, Well, I do really like I use their
credit card for example, I have a credit card with
gem And. Yeah, so they have one to three percent
cash back on all your purchases, but instead of cash back,
it's bitcoin back, or you can also pick different cryptocurrencies
to get rewarded back. But I mean, I've accumulated about
three hundred bucks in bitcoin just by using the card,

(01:01:00):
you know, on purchase you it's basically the same asn't
you know emax, right, you get cash rewards.

Speaker 7 (01:01:04):
It will get built up the end like a Coinbase
account with them or Gemini account exactly.

Speaker 2 (01:01:10):
So that's what they're doing.

Speaker 3 (01:01:11):
Yeah, and there's a couple other crypto exchanges, but they're
not quite public. I mean, I think Coinbase is trying
to get on. I think they actually they have one
at this point if I'm not mistaken. But Coinbase, I
believe in Gemini are the two that have this like
credit card thing that I think is definitely something different.
It's beneficial. Now staking is another thing. Who's gonna have
the best rewards on their staking that's going to drive

(01:01:34):
people to But I think eventually you're just talking. They
do not deserve very high growth rates. I mean, these
are essentially just bank banks with maybe a little bit
more growth, but I mean you should be looking at
a pe around what banks are. Maybe you can add
an extra multiple, but it should not. If it gets
over fifty, that's just crazy.

Speaker 6 (01:01:54):
Nothing super proprietary about any of those companies. I mean
the only one that I could really think of a
CRCLI was a Circle, and that's because their own use USDC.

Speaker 3 (01:02:01):
Yeah, but that's not even the most use stable coin.
It's with Teather. And then also once JP Morgan you
would think makes one they have they would probably So
there's a lot of like competition in these spaces. Think
of like Nasdak. You can buy the Nasdak stock exchange
right now. It's a company, it's it has its own
ticker on its on its right, right, But why did
no one ever just why aren't we all rushing to

(01:02:22):
buy Nasdaq?

Speaker 2 (01:02:23):
Right?

Speaker 3 (01:02:23):
It's not because if we all buy more, I mean
stocks at all time high, and you would think, okay,
well everyone's buying stocks. NASDAC should be killing it. They are,
but they're not killing it at like multiple rates like
Navidia is or these other companies that are truly growing
at insurmountable rates. Certain companies just you don't deserve a
certain growth rate because they can't.

Speaker 2 (01:02:41):
I mean, it's a stock exchange. Yeah, it's a stock exchange.
It's a crypto like a stock exchange.

Speaker 3 (01:02:46):
And that's what I crypto exchange is going to grow
the same way. They don't have any magic.

Speaker 2 (01:02:51):
Now there's explosive growth that you with and video unless.

Speaker 3 (01:02:55):
They do an FTX type of thing and they're you know,
or Robinhood, right. I think Robinhood an example that there.
I think way too way overvalued than what they're worth.
But they're doing cool things. But still they're doing things
that you're like, I don't know how this works long run.

Speaker 6 (01:03:10):
Yeah, I was gonna bring that model wise, I was
going to bring that exact same thing up because you
were talking about the Gemini car that gives you bitcoin.
Robin has working on a credit card that you could
do the same thing but buy stocks instead. You could
choose to buy a QQQ spy and then video and
Apple whatever. Is it groundbreaking?

Speaker 4 (01:03:25):
Sure?

Speaker 6 (01:03:26):
Is it a round noo? But is it really going
to drive that much revenue into the company over a
long period of time?

Speaker 2 (01:03:33):
I want to I want to comment a little bit
on Nvidia because it's been kind of so many people
are interested in the stock, so many people own the stock.
It's been kind of stuck in the mud. It had
a pretty good week this week, but it's been kind
of kind of stuck in the mud. And what's wrong
with Nvidia? I hear that quite a bit. And then
Broadcom came out with their earnings and very very strong

(01:03:57):
and everybody so, well, they're going to take business from
in Vida, which which to some extent may or may
not be true. But they're very different companies, right, and
Vidia is the dominant provider of merchant silicon okay, selling
the same advanced chips to various data center operators along
with the rich software presidence. That's what Nvidia does. Broadcom

(01:04:20):
is the leading purveyor of custom chips, utilized right now
by a small subset of tech companies like Google. They're
generally speaking or trying to get trying to get more
out of their own software. So it's different and videos
You've mentioned before, in Vidia as a platform is the
is the big winner for them, but their chips are

(01:04:43):
essentially the same. Here's their chips, you know, whereas Broadcom
is more of a custom chip builder for specific people
that want custom chips that may not be as good
as Nvidia, like cases, will fit your business better. Now,
sales that could have gone to Nvidia could ultimately flow

(01:05:05):
a Broadcom. Some sales could fold a Broadcom. Okay, I
get that, But they're they're just different. They're different companies.
And when you say Broadcom, it's gonna knock Nvidia off.
They're different. It's just it's not even in the same
an arena. Essentially, they're just in different businesses.

Speaker 5 (01:05:24):
You know how much the tech industry has changed over
the last few years is that we didn't even we
haven't even talked about Apple yet because it's such a
non news mover. It dropped through and a half percent
last week as it announced it's new iPhones, it's new AirPods,
it's new Apple watches, it's new generation and stuff coming
out in.

Speaker 4 (01:05:40):
Next couple of weeks. We haven't even mentioned it yet.

Speaker 5 (01:05:42):
We have so many other tech companies and where that
industry is going. Apple seems to be falling behind because
it's not keeping up with the AI. It's coming out
with new phones. It's got the new model, which is
the seventeen Air, which is kind of like their MacBook Air,
the small one thinner they're kind of.

Speaker 4 (01:05:56):
That's for one thousand dollars.

Speaker 5 (01:05:57):
The other prices did an increase, except for one increase
one hundred dollars one of them.

Speaker 3 (01:06:01):
I'll tell you what the AirPod is something that they
did really good with it is they have the language
capability where someone could be speaking the foreign language and
then it will read it back to you in your language,
I mean your all times what they're looking for, and
then you can say whatever you want back and then
you compare it with your phone. And so it's going
to change the game in terms of the app. The phone,

(01:06:22):
it's the it's the air pods, the headphones, the headphones,
you know, the AirPods. So those. I guess when you
talk to them, it will code it know what it
the other language saying, and then there'll be like a
little SII in your voice, going, this is what they're.

Speaker 2 (01:06:37):
So you have to use their earbudget.

Speaker 3 (01:06:40):
Correct, you have to buy the air pod. You have
to buy the air pods. It's not going to be
an app on your.

Speaker 2 (01:06:44):
Phone, so it will be. But it's correct me if
I'm wrong, because I don't. I don't use them because
they don't stand my air the air the AirPod. The
Apple phone comes with headphones, right, I guess it doesn't.
It used to.

Speaker 4 (01:06:59):
It doesn't anymore separately.

Speaker 2 (01:07:02):
Oh okay, yeah, okay, it used to come.

Speaker 3 (01:07:03):
With the wired headphones way back. But they don't think
they even do that anymore, don't but they used to. Yeah, yeah, No,
these are.

Speaker 5 (01:07:10):
The brand new AirPods there, two hundred and fifty dollars
and they do the real time translation, which is what
people are excited about for those. But yeah, I mean,
nobody's really There's wasn't much energy behind the new iPhone
series coming out. They thought it'd be more about the
AI stuff and it just isn't because Apple is falling
behind on it.

Speaker 4 (01:07:26):
Stock dropped three and a half percent, and as cool
as that is.

Speaker 3 (01:07:29):
It's like, well, I mean in six months, probably the
bone phones that you know we sing with the glasses,
they're probably going to be able to do that.

Speaker 5 (01:07:37):
Yeah, the tech is going so quick and Apple just
seems to be falling behind, which is like, it's interesting
because five years ago it was a company you never
thought would fall behind on any of this stuff. It
was at the cutting edge of everything, and then it
just shows how fast things can move.

Speaker 2 (01:07:50):
It would be it would be something that would keep
you awake nights being the CEO of a tech company
with Tim Cook.

Speaker 5 (01:07:55):
Is probably sitting there like what is going on. We
thought we were going to come out announce this new
stuff and nounce the AirPods. There's new health features on
the Apple Watch that people will get used out of,
but I think it's going to be a lot of
older people that get us out of it, or if
they want to stay in the Apple ecosystem, or now
you can go to a different you can kind of
mix and match better.

Speaker 4 (01:08:15):
It used to be you've got to get all.

Speaker 5 (01:08:17):
The Apple stuff to be in their ecosystem, and that's
what Apple had a stronghold on. Now it's not so
much because other companies are catching up and other companies
are surpassing them in other ways.

Speaker 2 (01:08:25):
Yeah. Now I'm as an Apple consumer, I'm not really
that concerned about them keeping up with AI and stuff.
And yet, and yet I've talked on the show a
number of times about how she's driving me nets. Yeah,
it's almost worthless.

Speaker 3 (01:08:37):
I think you, like, you have AI capabilities on your
phone because you use chag you bet on your phone
or Google Sure AI on your phone. If that wasn't
a thing and you could only get it on like
Google Ai phone, you'd maybe you consider switching.

Speaker 2 (01:08:50):
Right, I might. You know, I'm so used to pushing
the button asking a question and the responses I get
are so ridiculous that I don't even try anymore.

Speaker 5 (01:08:59):
You would think Apple is gonna use that huge stockpile
of cash pretty soon to start trying to buy these
people to come back over to them.

Speaker 4 (01:09:07):
I mean, metap throughout a lot of money to entice
people to get over.

Speaker 2 (01:09:11):
Yep.

Speaker 4 (01:09:12):
So Apple, I bet they're going to start doing that
and just throw money.

Speaker 5 (01:09:16):
Yeah really, well, I do have a very helpful for him. Yeah,
for fifteen dollars million dollars in cash.

Speaker 3 (01:09:24):
So I have the new iPhone that has the AI capabilities.
I think it's like fifteen or sixteen. Yeah, so the
first one because like you hold this, it has a
weird bottom one here and you hold it and then
your screen will go here and you can you can
do like search and all kinds of different stuff. You
can take a picture, and you have AI built into

(01:09:46):
your phone. And when you when I asked Siria on
my phone, it does this colorful thing and then it
will actually it asked you do you want Siria to
answer it? Do you want chat gy BT to answer it?
And it's cool right until you're like, yeah, we have
chatty t answer it, and and then it just takes
way too long or it sends you to chat to
BT do you want me to answer? And it's it's
not as good as it should be. It should be easily,

(01:10:07):
like you said, I answer like hey Siri, and then
it just answers me as the chat.

Speaker 2 (01:10:13):
My relationship with chat gpt started off very rocky, and
then we slowly became friends. And then you guys told
me that if I go there too many times, just
gonna ask me to pay. You start paying, Yet we're
not friends anymore.

Speaker 5 (01:10:29):
Perplexity, you have to have chat so you can well
all all Google and yeah, you know how they're all
worked the same way.

Speaker 3 (01:10:35):
They give you the worst model, and that's what's free.
If you want the best model, you have to pay.
And then you still with any model, you'll have a
certain number of uploads. So like if you upload too
many things, you will get paid. You only have a
certain number of each one of these quarries each time.

Speaker 2 (01:10:52):
So Google A I don't think Google is going to
make me pay.

Speaker 3 (01:10:56):
If you just had simple questions, It's never going to
ask you to pay. But if you kept uploading, like hey,
what does this say in French? This English document or
something whatever it is, they only give you a certain
number of uploads each month.

Speaker 2 (01:11:08):
I'm a proud I'm a South Dakota boy, a proud
graduate of Black Hill State College. I only have simple questions,
that's it, right, Nothing complex goes through my mind. Ever, Hey,
you know it's interesting. We got the Fed's going to
lower interest rates next week for sure, I mean one
hundred percent probability, right, And yet what happened to long

(01:11:29):
rates this week? They went up a short race, They
went up short race went up. The two year treasury
went from a three five two to three five six.

Speaker 3 (01:11:35):
Yeah, I mean we already had a I mean it's
at four point twenty five, right, so I mean for
four or six?

Speaker 2 (01:11:40):
Oh you mean at the high.

Speaker 3 (01:11:41):
Well, the Fed funds rate it's at four point twenty five.
So lowering of twenty five is four on the on
the you know, so it's not they're already pricing in
two more rate cuts for another year.

Speaker 2 (01:11:51):
Yeah, we should make a big difference in race when
they actually announced it. We'll be back with the next
segment after this message. Thank you, Welcome back to the
Money Matter Show. Just to Dave sure what I'm here
with Todd Googog Jr. I'm here with Dyllan Greenberg Senior.
I'm Dave Sherwood Senior. We have Sebastian Boorshini senior for
one house.

Speaker 3 (01:12:10):
You can't be senior unless you have a junior.

Speaker 2 (01:12:11):
Oh is that it? Is it a rule?

Speaker 3 (01:12:13):
Yes? O? Yeah, definitely a rule.

Speaker 2 (01:12:15):
Yeah, you keep moving a goalpost on me.

Speaker 3 (01:12:17):
No, you just David Sherwood.

Speaker 5 (01:12:19):
Hey, we got a lot of going on in the
IPO market last week. Yes, Klarna, we had figure technology
and we had Gemini, which Gemini just bought up that
new credit card where you can get your rewards in crypto.
They raised four under twenty five million dollars. They iPod
at roughly thirty dollars and when they actually started trading
it was at about forty one dollars.

Speaker 4 (01:12:38):
The IPO market is hot.

Speaker 5 (01:12:40):
You got Figure Technologies iPod at twenty five dollars, started
trading at thirty five dollars, ended the day on Thursday
at about thirty two dollars. And then Klarna, which is
the inno sense like buy now, pay later one that
you work with with zero i APR and all that
they iPod as well. I think that was the biggest
company that iPod. Last week an interesting one too that

(01:13:00):
talked about reviving their I p O plans with stub
Hub Holdings, which everybody knows stub Hub take Master's competitor.
So and then you got black Rock Coffee, which we
got a few of those in town.

Speaker 2 (01:13:11):
We do, and every time I drive by one there nobody.

Speaker 3 (01:13:14):
There, I swear, I think the same thing.

Speaker 2 (01:13:18):
Yeah, do you think the coffee is good?

Speaker 3 (01:13:20):
I've never been Yeah, yeah, I do drive.

Speaker 2 (01:13:22):
By the one on Grant a lot a lot, think
a couple of times a day, and there's never anybody
in there.

Speaker 5 (01:13:27):
So there's one on Grant and first there's one down
on Broadway, and like pass just passed twos on Igh
and there's never they're never two packed. But I do
like the coffee better than Starbucks.

Speaker 2 (01:13:40):
Stock pop pretty good on Friday, right.

Speaker 5 (01:13:42):
Yeah, it went, Yeah, I went public. I don't know
exactly how much. It just was looking at the IPOs.

Speaker 3 (01:13:47):
But what do you think about Clarna? I mean, Clarna
is a very interesting company. It's a sign of our society.

Speaker 4 (01:13:53):
I hate their ads, but you were telling me a
lot more about it.

Speaker 5 (01:13:55):
I kind of didn't give it the time of day
because the ads I saw on Facebook and all was saying, oh,
I don't got I don't sorry, I don't have enough
money for the bar on Friday night.

Speaker 4 (01:14:04):
Hey thanks Klarna, I got two hundred dollars. Let's go.
And they're dancing on the add later.

Speaker 5 (01:14:09):
Yeah, but like that's the only ads I saw about Klarna,
and this was the last throughout this year. Actually was
just talking about frivously spending money that you don't have. Well,
Clarno will lend it to you, but then you were
telling me more about it on this past week, and
it made more sense about the company.

Speaker 4 (01:14:24):
I just didn't give it the time of day.

Speaker 3 (01:14:26):
Yeah, I mean, I think what it ultimately comes down
to is whether you can make the cash flow. And
if you're gonna give me a zero percent interest for
six weeks and I can pay it over six weeks,
just me the financial guy who is gonna take that.

Speaker 2 (01:14:38):
Is that every purchase pretty much.

Speaker 3 (01:14:42):
So what Colarna does is when I got a big
ticket item right that I purchased and I could have
paid cash for it easily, but it said Clara, So
I just wanted to look at it. And Clara said, hey,
we'll give you zero percent interest loan if you paid
over six weeks. It's automatically built out of your account
every other week. Or you can do this like two
percent interest loan and you can pay it over for
twelve weeks. Or you can get four percent interest loan

(01:15:02):
and you can do it over like three months, four months.
Do it to the other options.

Speaker 4 (01:15:06):
Test it out, or why'd you do it if you
have the cash?

Speaker 3 (01:15:09):
It was about I thought bitcoin is gonna go up,
you know, so I'd rather my money be in bitcoin.
Take that you know, arbatroge, sell it and then be
fine with it.

Speaker 4 (01:15:15):
I got a lot going on here.

Speaker 3 (01:15:16):
Yeah, it's a lot of Yeah, it's just but when
it comes down to like four or some people, it's like,
you know, they it's better to spend over time. Now, realistically,
in the long run, it's a terrible thing for most
people to do that because they'll just build and build
and building, and eventually they won't have the cash.

Speaker 2 (01:15:32):
Another way to pile on credit.

Speaker 3 (01:15:33):
Yeah, No, the good thing is it is zero percent. Now,
don't take it to this account that it's not gonna
just it's still going to add to your credit report.
So when I did it, it's still added a Klarna
credit card to your credit report. So you'll have that
open for Klarna always. Probably just use the same one
if you use it again, But.

Speaker 5 (01:15:51):
It could be it could be used in good if
like say something happens mid month and you haven't got
that mid month check yet and you're just you need
something zero p your art which you get paid next week,
and you need to now say your AC when now
you need it, and then you can pay.

Speaker 4 (01:16:02):
It off next week. That could be used for the good. Yeah,
get the medians like it's that was my money, I
want to now kind of thing.

Speaker 3 (01:16:08):
I mean, obviously, if you're buying something you don't need
with on a really interest rate, that's a terrible recipe, seems.

Speaker 4 (01:16:16):
I don't use it to go to the bar like
their ads say.

Speaker 3 (01:16:18):
But I do think if you have the money you have,
you already have what you you already know what you want,
and you can get zero percent and it just helps
cash flow. There's no reason, there's no.

Speaker 2 (01:16:29):
Like, it's so funny to see this buy now pay
later comes screaming back. Because the firm was one of
the first, if not the first, to come out with
that stock was red hot, and it absolutely fell apart.
People's credit was not what they did, the payback was
not as timely as the It just turned into a nightmare.

Speaker 5 (01:16:46):
Maybe they had to fail first so then people could
understand what it really is.

Speaker 2 (01:16:49):
Maybe not, I don't know, but now it's all back,
isn't it? In a car? And I think the big
thing for Klarna is that I think it's Walmart uses Karna,
so that that's probably the biggest thing going for them.
A couple of dovestocks that news Boeing was the top
performing dovestock at the end of August, but this lost
seven percent this month after the CEO announced the delivery

(01:17:10):
of that much anticipated seven seven seven X, which is
the long range, wide bodied plane schedules for next year,
is behind schedule due to regulatory concerns, so that stock
is not only not the top performing dovestock. I did
a quick glance of Friday afternoon. I think it's number
five or six on the list and another one. United Healthcare,

(01:17:32):
which is the worst performing dovestock rallied thirty percent in
the last five weeks, added another nine percent on Tuesday
on news that it expects most of its Medicare Advantage
members to be in highly rated plans and you get
a bonus if you're in a highly rated plant. In Arizona.
United Healthcare our plans are four, Medicare Advantage plans are four,

(01:17:56):
four and five are highly rated Arizona Qualified. Preliminary data
shows about seventy eight percent of members of United Healthcare
are going to be in plans of at least four stars,
so that it means more payment from the government. It's
amazing the comeback the stock has made. It went from
six hundred ish around six hundred to two fifty announced

(01:18:19):
back to three fifty. That's quite a little rally, but
again that's more that's more of the on the dowstocks.
If you've got the top performing Dove stock, you might
want to lighten up, you know, if you've got that
underperforming dowstock, you might want to add a little to it. Right.

Speaker 3 (01:18:34):
Yeah, So we always like, you know, try to stay
on the cutting edge of what's the new ETFs out there,
what are some new ideas. And one ETF that we
saw this week that was very interesting was the Global
X Defense Tech ETF. You know, defense has had some
defense companies had a really good year. Some defense companies
has kind of just been not interesting, like Lockey Bar

(01:18:55):
and they're like, well, you should be doing good. Boeing's
kind of had a pretty good year, up.

Speaker 7 (01:18:59):
Thirty percent for the right good year eight year.

Speaker 3 (01:19:02):
I mean another company though, right we talked about and
is defense and we kind of don't think about always
this Defense Palanteer. Yep, right, great year as well. You're
gonna have General Dynamics, You're gonna have North of Growman
in their lotos, L three Harris based Systems. All those
companies are in this one ETF that's s HLD. And

(01:19:24):
let me ask you, Dave and ETF, what do you
think is up year today that ETF? Yeah, year today,
I gave you the top ten home have they been
around all year?

Speaker 1 (01:19:33):
Yes? All year.

Speaker 3 (01:19:38):
Twenty seventy year today.

Speaker 2 (01:19:41):
That's amazing.

Speaker 3 (01:19:42):
Yeah, the ETF is absolutely Is it those companies or
is it it's those like palants here racing those companies? Yes,
all those defense tech related companies, L three, Harris, Lotos
based Systems, they just have had an incredible run over
these last several months. A lot of it has to
do with the refeeling of all those missiles that Israel

(01:20:03):
shot off, right, A lot of those companies have some
type of supply you know, they're in some type of
the supply chain of the refeeling of the Iron Dome.
We know potentially we're gonna have the Golden Dome. We
also not necessarily know what's going on with Ukraine and Russia,
or we also have this weird bombing in Qatar, right,
so there's definitely always going to be defense now we

(01:20:24):
are we going to be doing something here soon? Who knows?
But other all you gotta know is look at that
Defense Tech, ETF and ETF right, And it has been
around for almost over a year now, right, it's been around,
definitely for the whole year of twenty five seventy.

Speaker 2 (01:20:40):
I was taking the other day the one country that
has not been in the news at all is Iran.
What what happened there? That's a joke anyway, That's one
of the Yeah, the one I got. One of the
things that that that that Trump has done this good.
If you pardon me, if you don't think you do anything. Hey,

(01:21:01):
when we have the inflation report, I always want when
we have that, I always like to take a glance
at it, see if there's anything that's exciting. Roasted coffee
up twenty two percent, Now, that's your every year, and
I think a lot that's the terrorists right on Brazil.

Speaker 3 (01:21:14):
Yeah, I mean the coffee beans if you look at
the futures, Yeah, I.

Speaker 4 (01:21:18):
Mean coffee beans aren't only from Brazil.

Speaker 5 (01:21:20):
They're from Columbia, Panama, Ethiopia.

Speaker 2 (01:21:23):
You know what the percentages from Brazil, I would think
it would be anyway. And Colombian beans are the most
combi Columbia coffee. You hear a lot about Columbia coffee. Ye,
So that was Number two is uncooked beef, so that
would be We've been hearing a lot from Texas Roadhouse
complaining about their financial results because of rising beef prices.

Speaker 3 (01:21:43):
Yeah, live cattle future.

Speaker 2 (01:21:45):
Although I will say there was a technician on CNBC
on Tuesday who said it had peaked. It looks it
had rolled over.

Speaker 3 (01:21:54):
It looked like it.

Speaker 2 (01:21:55):
I hope, so hope it rolled over. Number three motor
vehicle repair. We know why fifteen percent the parts are
difficult to come by. There's tariffs involved. Labor is difficult
in that area. Finding people that can do that work,
that want to do that work. The one way to

(01:22:17):
get them is to pay them more. So that's why
it costs so motor and then the fourth audio equipment whatever.
I don't know any about that. In college textbooks and
college chechbooks, and I was thinking, I actually google that,
why would college textbooks be up so much? And the
answer is because they can. Yeah, that's exactly what it is.

(01:22:39):
Captive audience. People have to have them right. I would
have thought now that everything would be on the iPad,
so I wouldn't think you'd need a textbook.

Speaker 3 (01:22:48):
They still charge you sixty five bucks for the digital.

Speaker 7 (01:22:50):
Version or the digital version is that it's ridiculous.

Speaker 2 (01:22:54):
Something that caught my eye that's probably going to mean
nothing to you. Kodak, Remember Kodak still down nine percent
for the year, but forty percent off of is low.
They've introduced Kodak Charmer c h A R M E RI.
I'm not sure I'm pronouncing right. Charmera or Tromera, which
is a cheap palm sized camera in a box that

(01:23:16):
hearkens back to the eighties. We had these in the eighties,
the camera in a box, right, you take the pictures,
need to have the box to the developer. It's being
promoted as a fashion accessory. It comes in seven different
styles sales. For thirty bucks, you don't know what you're
gonna get. It comes in a blind box, so you
don't know which of the seven styles you're going to get.
For one hundred and eighty bucks, you can buy all seven.

(01:23:38):
Right now, Nostalgia is big. I was hearing this Moining
on the way in on the radio about certain products
that are being brought back, the things that we had
when I was young that are coming back, and the
nostalgia is is kind of where it's at and Kodak's
capitalizing on that nostalgia by bringing back a camera. And

(01:23:58):
I think that if if you googled the Kodak the
HR any of you over the age of fifty, you're
gonna say, oh, yeah, I know that camera. You know
I had that camera. We use those cameras. Anyway. We'll
be back with the final segment of The Money Matter Show.
Thanks again for taking time out of your day to
listen to us. We enjoy being here with you.

Speaker 3 (01:24:16):
Welcome back to The Moneymatter Show. My name is Todd Glick.
I'm here with Dylan Greenberg, David Sherwood, and Sebastian Borssini.
We had bitcoin move higher this week. It was up
about five percent on the week. It's at one hundred
and sixteen thousand dollars now. Definitely had its run down
near to the lowe hundreds. I thought it was going
to get all the way down to one hundred. It
seems like a bottom out around want to wait, but

(01:24:39):
bounce back all the way to one sixteen. I still
kind of have the idea that it might run up
to one seventeen, one eighteen and then truly come back
down to ninety eight. For some reason, I still believe
September is going to be. At some point in September,
there's going to be maybe a five percent pullback in
the market, which would also bring a pullback in the
bitcoin at least ten percent because it's more of volatile.
So I expect some point after maybe the FED meeting,

(01:25:02):
having that be potentially a sell the the event, right,
so you have buy the rumor sell the event. We
all know Fed's gonna lower rates. Still seems like half
the market. I think something's gonna happen when they lower rates,
like it's already priced in, right, so very well could
be that the day of the pow comes out, he
says something that's not super dubbish and that leads to

(01:25:26):
a little bit of a pullback after that.

Speaker 2 (01:25:28):
Every market metric that you can come up with is
shouting pullback. Every market metric. Uh. There it is just
so easy. It is, so you buy any stock and
it goes up, right, It's just it's just too easy.

Speaker 4 (01:25:43):
Uh.

Speaker 2 (01:25:43):
The price earnings racial is double normal, the VIX is
that the low for the year. Uh, the fear index,
everything is shouting pullback. Now. We're not concerned about a
big drop or a crash, but we'd like, actually, a
five percent pullback would probably be healthy to get some

(01:26:04):
of the froth out of the market because.

Speaker 3 (01:26:06):
And that's going to make some big pullbacks and any
other stocks right like when we say high bit of
the stocks that move twice as much as the market
and the Navidia would pull back probably ten percent. If
the market pulls back five it seem like you're going
to have the bigger moves, which actually gives you a
great opportunity absolutly, and some of these great quality names
because they do move so much right now.

Speaker 2 (01:26:26):
I think it was Dylan and said, it's a good
to have some cash right now, and I agree with
one hundred percent. Don't have them, don't get out of
the market, because this thing just keeps going right and
it may go right through September, right through October and
right on into the end of the year. And I mean,
there's a lot of things to be optimistic about, but
if you look under the covers, there's some things that
are not that great going on as well. And inflation

(01:26:49):
is my biggest concern. I think it's going to become
a problem. I don't know how soon, but it has
risen nearly every month for the last six months.

Speaker 3 (01:26:58):
You know, Dave, those feeds are very driving the car.
But looking in the room of your mirror, they won't
probably worry about inflation, like you said, until it is
a problem. Right now. They think the labor is the problem.
Right so if they have the lower rates to make
labor correct again, if you have, if you literally the
unemployment rate, it has kind of ticked back higher.

Speaker 2 (01:27:15):
Now.

Speaker 3 (01:27:16):
We were so low for a while that we didn't
really even look at it, but it's back into the
low fours. I don't think that makes everyone feel super comfortable.
And like you said, with that revision, the FED is
banging its heads on that labor report as more of
the meat on the bones. So I think as long
as that continues, we potentially will get something like a
five point five mortgage rate I'm looking at in sometime

(01:27:37):
in twenty six. I think that's best case. I don't
think we get much lower than that worst case, maybe
six percent. But I think right now the mortgage rates
six point three to five largest weekly dropping over a year,
almost two years low rate in almost two years, you're
getting it back down, and for some good buyers you're
gonna get almost to the high fives.

Speaker 2 (01:27:55):
Right, You'll talk to a friend of mine and he said,
it doesn't make any difference yet. Uh, he's in the
mortgage business. He said, I could ask him. I said, thanks,
picking up.

Speaker 3 (01:28:03):
He goes, not yet, Yeah, he said, we need I
mean I did, I mean I was. I was golfing
with a mortgage. He had his own branch as well
today and he was saying, it's not quite you know,
we're still doing TikTok videos to try to sell mortgages. Right,
but once you get it to a five to five,
I think that at that time would entice people to
start looking at well, I have a six point seventy five,
maybe a five point five that refives that, you know,

(01:28:24):
delta is worth to look at, right, and that's where
you start looking at refinances, and that would, you know,
make the refinance market, the mortgage market, but also just
the whole housing market. You know, I was at Southern
Arizona home Builders tournament and you see all the different
little pieces of an industry. Right, it's not just the
home builders, it's the contractors. It's not just contractors, every

(01:28:46):
little big piece of it and.

Speaker 2 (01:28:47):
Companies and the whole thing.

Speaker 3 (01:28:49):
When the one industry. When the big you know pop
the hells the houses aren't selling, the whole industry will
slow down. Every little piece of it, you know, will shrink,
and we're kind of I think coming out the other
end of it for that industry that will really help
the economy push even higher. We still have a housing
shortage in the country. I mean we talk about it
every now and then every six months, someone will say

(01:29:11):
it on the on the news, say we have a
housing crisis, and it's like it's still there. Right, we
know there is not enough houses out there for the
amount of people we have in here. That's why everyone's
forced to renting. Part of that is the system, right,
we need to make qualifying for a home a little easier.
It seems like the qualifying standards at certain times makes
it impossible, so then they have to co sign with

(01:29:32):
their parents or you know, pay off another car loan.
Even for high income burners, it's sometimes really hard to
try to qualify into their system because of the sonantigans
that happened in two thousand and eight. So you don't
want to relax it too much, right, miss paid so right,
so now everyone gets punished, but it does slow down
that business.

Speaker 2 (01:29:52):
It doesn't it does. Yeah, I speaking of that business
uh our ah, which is restoration hardware. There's a luxury
for your retailer. Already down forty percent this year, open lower.
On Friday they lowered their annual revenue outlook for the
rest of the year. It was interesting because their competitor,
Williams Sonoma, who owns pottery barn, they're stocking up ten

(01:30:14):
percent for the year with Irish down forty percent. That
that difference is so dramatic. So I called a friend
of mine who was in that industry and said, you know,
these stocks normally move in tandem. What's going on? And
this friend said, the Irish prices are dramatically higher than
pottery barn, and equally important, shipping is nearly double. Not

(01:30:38):
if you know this, but when you buy custom I
didn't know this. When you buy custom furniture, you have
to pay to have it shipped. You have to pay,
they don't pay. You're paying twenty nine hundred dollars for
a new chair. You have to then pay an extra
four hundred dollars to have it delivered. I did not
realize that.

Speaker 3 (01:30:57):
I feel like some furniture pieces too, are probably so unique,
like how you get in an door. Yeah, they probably
have some special like I have to go through a
window or something like that. With some of these pieces,
I'm sure they make.

Speaker 2 (01:31:08):
Oh I'm sure some of it can be can be
a nightmare. But I didn't realize that that you had
to pay for delivery. I know that now.

Speaker 3 (01:31:14):
Is it kind of like a sports car. You buy
one of the sports car, you probably have to pay
for the delivery, the trailer that brings it to all
the little nuances.

Speaker 2 (01:31:22):
Anyway, that's apparently this very standard stuff and everybody's supposed.

Speaker 4 (01:31:25):
To know that.

Speaker 2 (01:31:25):
But I didn't know that. But you know, ken View,
that's the consumer product spin off from Jay and J
drop ten percent to a new all time low last
week after o RFK released that report tying tile and
all use in pregnant women to autism. True or not true,
you decide, right, But RFK Junior put that out and

(01:31:48):
that caused us dock to drop ten percent. On Monday,
Bank of America raised it to a buy, saying that
this is a great entry point.

Speaker 3 (01:31:56):
I saw that Trump on Friday said that he's most
likely going to link twenty deaths of children to the
COVID vaccine, which is a very interesting thing if he
does do that, because is their culpability right now says
that people who make vaccines cannot have culpability if someone
has death to kind of get immune from all that thing.
But very interesting that Trump administration is looking into the

(01:32:17):
deaths of COVID deaths of people that have taken the
COVID vaccines, especially in the young people. If you looked
at the amount of health i mean heart injuries that
have spiked in especially athletes and young people under the
age of thirty, it's very interesting that it all happens
after people start taking the vaccine.

Speaker 2 (01:32:34):
Here's the other interesting part about that. How do you
do that when you're the one that orchestrated the vaccine? Right? Well,
did just what Trump's vaccine did? You don't forget what
was Trump's constructed it. He was a scientist, he fast
tracked it. So are you saying he's going after the pharmacy.

Speaker 3 (01:32:50):
Well, still the Johnson and Johnson should have said, hey,
we're not ready to put it out. If it wasn't
ready to put.

Speaker 2 (01:32:56):
Out with Trump going foy Foch.

Speaker 3 (01:32:57):
It doesn't matter, you're still the doctor. If someone's saying
you diagnosed, diagnosed. It's like, no, I haven't. I have integrity.
I have standards at the up hold, whether you want
me to or not.

Speaker 2 (01:33:06):
I guess I'm trying to You know, Trump took credit
for fast tracking the COVID vaccine, which you should get credit.
Did great. They got it out there very quickly. But
now he's saying that caused death of people, and so
his administration is Look, I guess what I'm trying to
say is, are thin looking at farmer companies?

Speaker 3 (01:33:24):
Well, no, they not doing I don't know what they're
actually gonna suit. I'm not saying if I'm just saying,
I'm speculating whether or not they're gonna sue these companies,
but they're saying that twenty kids, they're going to link
those depths to the use of COVID vaccines. So whatever
ramifications come about that afterwards, who knows.

Speaker 2 (01:33:40):
Kind of like kind of call him Powell the worst
Federal Reserve chairman ever, and you're the one that appointed him.

Speaker 4 (01:33:45):
Didn't he ask who who pointed it to? Did he
say at one point who appointed him?

Speaker 2 (01:33:49):
Yeah, I don't know. When you've got as many moving
parts as Trump hassed to deal with and he's seventy
nine years old. I mean he acts like he's fifty nine,
but seventy nine years old. You're going to get confused, right, Yeah.

Speaker 4 (01:34:03):
I remember everything, especially from the first turn.

Speaker 2 (01:34:05):
I promise, I promise that if I ever make it
to seventy and I I will have some confusing moments.

Speaker 4 (01:34:10):
You're almost there, no topic, it was a good thing.

Speaker 3 (01:34:14):
It was a dark day, you know, this week, it
was a dark week for America. It was, and it
was the aftermath of the CHARLIEKK shooting. Also that stabbing
on the butt. I mean, we have some problems in
this country.

Speaker 4 (01:34:25):
And on top of that, there's a school shooting as well.

Speaker 2 (01:34:27):
Yeah, that Charlie.

Speaker 4 (01:34:29):
It was just for those in Denver.

Speaker 2 (01:34:31):
You know.

Speaker 3 (01:34:31):
I had a couple of people say, like, why is
the market not going down? The market at the end
of the day, whether you think it's right or wrong,
it doesn't care emotionally. None of these things were going
to affect the business transactions unless there was civil unrest, right,
so the market is looking at it from a purely
financial point of view.

Speaker 2 (01:34:51):
I often often use that with with people who are
concerned about the political landscape as well. When Biden got elected,
we had a lot of our clients that were so
concerned about Biden and we pull out. We need to
get out in this scent. When Trump was elected, we
had a few people that were not happy about that
in the office. And it doesn't At the end of
the day, you have to ask yourself the shooting, all

(01:35:15):
of the negative things that were in the news this week,
and or the president and or the senator and or
your governor, what did they really have to do with
the earnings from Apple at the end of the day.
And the bottom line is there isn't a direct correlation.
So we always say just stay invested, don't get crazy,

(01:35:38):
don't be trying to time the market, especially if you're young.
Load up with the S and P five hundred and
just forget about it anywhere. We're coming to the end
of the show. We thank you for taking time out
of your Sunday to join us. NFL is about to
kick off. Let's go watch some football. We all want
to be happy, and of course we all want to
be healthy, because if we're not healthy, we're probably not happy.
And at the end of the day, we worked you

(01:36:00):
here is be profitable to the next work

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