Whiplash Week: From Sell-Offs to Powell’s Market Rescue

Episode Transcript
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Speaker 1 (00:00):
Good morning, everybody. It's that time once again, Sunday morning,
eight o'clock Right here, seven ninety knis Tea and it's
the Money Matter Show with Dean Greenberg and the rest
of the crew will be here for the rest of
the two hours to bring you the best information we
have on what's happening in the markets, national politics, geopolitics,

(00:20):
what's going on around the world. Why because everything comes together,
but the big thing is Friday with Powell kind of
saying all right, it's time that we might start loan
interest rates, and the markets took off as expected. So
where are we now. We're at a very nice high
level on the S and P five hundred. We have

(00:43):
rallied to sixty four sixty seven. We had sixty four
eighty one. All right, we're getting close that sixty five
hundred level. Again. The markets are in the same situation
they were not too long ago before we dropped for
those few days in a row. So where do we go.

(01:07):
I'm still uncomfortable. I'm still uncomfortable, but I'm still uncomfortably bullish,
especially with the idea that if we start low in
interest rates, they can continue to do that, which should
stimulate the economy. I'm really looking more out towards next
year of the stimulus that can happen. Can we go
a little bit higher?

Speaker 2 (01:27):
Yes?

Speaker 1 (01:28):
You know, it's funny. We were talking the other day
and I said, you know, the S and P five hundred,
it's going to hit ten thousand, and then you're like, whoa,
that's so far high. But really, when you think about it,
how much high is that? Thirty five hundred more points
fifty percent over the next three years? Doable? Doable because

(01:48):
I do believe that the economy will be stimulated to
take off. I don't think you're going to see all
this inflation, and I do think that we're going to
see progress towards peace. But in the meantime, the markets
just go up a little bit of time. That was
up one and a half percent this week, up two

(02:09):
percent for the month, up ten percent, up seven percent
for the year. The S and P they kind of
lagged a little bit, only a point three percent for
the week. They're up two percent for the month, up
ten percent for the year. Nasdak was actually down for
the week, up one point eight percent for the month,
up eleven percent for the year, and their rustle two

(02:33):
thousand was up three and a half percent for the week.
Big move up for the small caps, seven percent for
the month. Huge month there, but they're only up six
point two percent for the year. That's why you allocate,
and that's why you diversify. You have a little bit
in everything when it comes to the indexes, because that's
how you were able to participate. When one goes down,

(02:55):
the other goes up, and then when they're all going
in the same direction, pulling, rowing in the same direction,
that's when you hit very very good momentum. That's why
one of our models, as part of a model of
our investment strategy, is to have the models ETF models.

(03:19):
You have the DDM, you have the SPY, you have
the QQQ, you have the NAVESDAK, you have the Rustle
two thousand, you have the S and P five hundred
equal weighted, and it gives you broad indexes that you
will follow on that. That's just part of it, I mean,
depending on how much money have and how much you

(03:40):
can allocate around. But things are doing pretty good right now.
Earnings are pretty good. I think the big thing is
is that people are going to keep worrying, and that's okay.
But look for pullbacks to be a buyer. Now we're
in August, we're in September. We kind of just came
back to where we were, so be a little cautious

(04:02):
if you didn't take some money off the table before,
if you're fully invested, I'd be looking maybe a little
bit higher here to maybe we do some of the positions.
The thing is is the S and P is up here.
But the NASDAI had a bad week, and the momentum
stocks that were making people so much money they didn't
do so well, and they're lagging a little bit from

(04:24):
last month, creating the little bit of a drag on
people's portfolios depending on how much they have in there.
But most people aren't in that much of that. So
at the end of the day, what you're doing is
that is seeing everything move in the right direction. So
when we look at the outside influences, the number one

(04:46):
thing was the Jackson Hole meetings with all the top
CEO CFOs, coos owners of companies around the country. The
temperature there is kind of the same AI. AI AI.
That's what everyone's looking for. AI is what's going to

(05:07):
replace you know, wages. Employment. That's why unemployment can stay
low and the wages don't have to go up so
much because they're going to bring in the robotics. They're
going to bring in the AI methods to do the
things that humans do. And remember, yes, you pay for

(05:30):
it up front and then you can depreciate it and
then it's all paid for. You don't have to worry
about days off, you don't have to worry about anything
other than just constant production out of it. And it's
going to make the experience. It's so much better with individuals.

(05:52):
So that's where we're right at that. So now what
can make this market go higher? Well, you got your
earnings coming out next week. That's one that can obviously
bring the NASDAC back good hopefully good, not bad. There's
other things that can be on the horizon, but really
at the end of the day, it's going to come

(06:13):
down to what is going to happen in Ukraine and
Russia and the Middle East. The Middle East, you kind
of see Israel saying enough is enough, We're almost done this.
Twenty five percent more gays that we want to take over.
Whether you like it or not, they're going to do it. Understand,
Once that happens, it's going to be an industrial boom

(06:33):
for somebody as they recreate, create the whatever it's going
to be, whatever that state's going to be, whoever's going
to live there, it's going to have to be rebuilt,
and that's going to be an economic boom for certain companies.
Who's going to live there. The only thing I could say,
they're going to be people that are friendly of Israel,

(06:55):
not enemies of Israel. But the war in Ukraine right
now and Russia, that's the one that's kind of interesting.
Peace there makes things great. But like Trump was saying,

(07:15):
you know, people giving them a hard time or there's
that it's not working. I said, guys, he's talking, he's
bringing people together. You don't get peace by social media.
You don't get peace by telephone calls. You get peace
by meeting face to face, and you get peace by strength.

(07:39):
Trump was as transparent as possible this week when he
talked about Russia. The tell telling sign that I saw
was when he discussed the fact that, hey, I don't
understand Putin he wants peace. He says he wants to
have peace, and then as soon as we're done with it,

(08:00):
everything he's bombing the heck out of everybody every night.
That's not the type of person that's looking to put
a piece still together. So we're going to have to
do something now. It's interesting because usually he tells you
what he's going to do. We haven't heard much. We
haven't heard of any sanctions, we haven't heard of any

(08:20):
military build up. We haven't heard of any way anything
that they're doing, which is telling maybe behind the scenes,
the NATO nations are European nations are developing a strategy
that if Putin doesn't stop, you're going to see a

(08:41):
rebuttal from Ukraine. But it takes time for them to
get to weaponry. It takes time for them to get
set up. But that's what I believe is happening. You
don't hear much. When you don't hear much, it's usually
a sign that something is actually happened. And I'll tell

(09:01):
you right now, there's no way Trumpet's gonna allow Putin
to basically punk them, you know, by saying, yeah, we
want this, we want that, this is great, this is
what I want and then turn around and do this.
That doesn't go over good with New York because I'll
tell you right now, because your handshake, your word is
all you have, and when you change that, the results

(09:30):
the retaliations are usually bigger and stronger. My personal opinion,
I like to see strength to get peace. I like
to see us start saying okay, no more oil, no
more put on tariffs, start cutting them off from other supplies,
squeeze their economy, use everything we can with the swift accounts,

(09:54):
Make our allies stop doing business with them, and see
how long they last if they continue to use military action.
We need to respond with military action. Get Ukraine to
respond with military action. We know they're not afraid, you
know they're tough. Let's still go ahead and do it.

(10:16):
Enough is enough on saying okay, we got to make
this happen. We got to see this happen. When it's
not happening and someone's actually saying one thing and doing another,
it just makes you start with another plan. And the
plan should be Russia. We ain't taking this no more.
So we'll see whatever that could escalate to a part

(10:39):
that that can create a problem in the markets. All right,
That's what I'm trying to tell you. If that escalates
to that in September, that could be the bottom September
October in the markets. If we even retreat, If that
all gets resolved, I start seeing us move higher. I
see the fourth quarter being good, and I see next
year in the year after being very very good. For
the moment, pockets, we talk about where we're going, how

(11:03):
it's going. You know, we're in that boom. Man, it's
the artificial intelligence boom. It's not just a fad. It's
not going to fade away right away, but it's going
to get better over time. I look at technology, and
technology is always like this. Remember when the flat screen
TVs came out. If you wanted a flat screen TV,

(11:24):
and you want to guess what, it was great. It
was almost computer side, a little bit bigger. You know,
you would get a thirty five forty It's, oh my god,
this is great. Then you got to a fifty to
fifty five inch. If you want anything bigger than that,
it was going to cost money, fifteen to twenty grand.
Then they got cheaper and cheaper and cheaper to now
you can go get eighty eighty five ninety inch ones
for less than three thousand dollars. Those other ones are

(11:45):
fifty five sixty inches. You can find those at seven
eight hundred dollars. At Costco. This is what happens with technology.
AI is in the infam in whatever the beginning stages
of growth. And so if you're not in the big companies,

(12:07):
if you're not in the ones that are going forward,
if you're not in the name ones, use ets electronic
traded funds. Why because those funds will have more than
one or two or three or five. They'll have a
whole bunch of all these companies in the ETF. So
if one doesn't do well, but others do well, that's great.
If some of them go out of business, you're not

(12:28):
going to get affected as much as you would if
you're in all of them. So if you get a
whole bunch of them, and you see how these ETFs,
so a lot of them have one and a half percent,
and they have a whole bunch of companies in them,
so they can spread the risk around and and then
and then develop the ones that are doing well, and
then add more to those as they as they are
the ones coming out and growing. Use ets. You can

(12:52):
use ets for AI technology, you can use it for
the rare earth and minerals. You can use it for
the nuclear power. That's the way to go. You can
use them even for the quantum computing. Those are the
ways you reduce your risk. But you're in a a

(13:14):
in a an area of the markets that obviously are
growth oriented right now. To move forward, I'm just giving
you ways that you can look at your portfolio and say, Okay,
how do I get risky but not overly risky? And
that's kind of what that all means as we as
we move forward. So what does it mean for the

(13:35):
for the markets? Well, you know, if you're just in
the S and P five hundred and you take out
the the or the technology stocks, you're still doing okay.
Equal Weight is still up about eight percent. The Dow stocks,
which are the bigger ones, are still up seven percent
for the year, and they're not too far behind the

(13:56):
S and P five hundred and NASDAC that are up
ten and eleven. Understanding how to mitigate risk at these
levels is important. Understanding how to take some money off
the table if you're over invested or the stocks have
moved toom up too high is very important. How to
get back in, how to put money in is very important.

Speaker 2 (14:15):
Now.

Speaker 1 (14:16):
One of the things I'm going to talk about right
now is, Okay, all of a sudden. You know, this
is an area you believe, like we do, this is
an area to go forward. But you're uncomfortably bullish in
this area because the price has risen. Well the first
thing I say, yes, they have, but they have definitely
pulled back quite a bit. AMD was one eighty something,
it's one sixty something. The video was over one eighty something.

(14:38):
It came down to under one seventy. Uh there was
a few others that you can look at that that
have pulled back. Palanteer they were. They were one eighty five,
it came over one one forty, came back to about
one fifty five one sixty. There these are the companies
in that area that get hit. Now that means in
some of these had to pulled back a little bit.

(14:59):
Even a Microsoft, you start with the position because we've
had a little bit of a pullback, but with knowing
that we were in September and all your dollar cost
of a gin, maybe you don't get into all of them,
maybe you only end up with a few. But the
good quality companies always seem to get a pull back,
not because anything changes, You're sure there's some news that does,

(15:19):
but because of the momentum trade is that keep pouring
money and decide, okay, it's time to sell, take profits,
and the stocks will fall. Because what happens is the
market makers and the people there just step aside and go,
I don't know where the bottom is. Let a bottom out,
turn around a little bit, then I'll get back in again.
That's how momentum players play it. What you do is
you look for the opposite. If it's going down a

(15:41):
little bit, you start looking to start purchasing a little
goes down more by some more if you still like
the company, if something fundamentally changes with the company, like
for instance, if all of a sudden the video has
challenges to their not only their black Well chip, but
whatever the next chip is come out, and the losing
market share, that's a fundamental difference where you really probably

(16:04):
want to cut back your position and put it into
the position of the other ones that are growing. You've
got to be smart about it. You have to be
smart about it. And if we continue to be smart
about how we invest, that's how you're going to get
through this. You're going to lower your stress and move forward,

(16:25):
you know, and today obviously with treasuries and OI, you
can still get you know, over four percent in some
of them. Uh, definitely good corporate bonds, you can get
four and a half percent upwards to you know, close
to five on some doesn't seem like a lot, but
that's good money for really kind of safer type of investments.

(16:48):
And you'd still diversify that. And then you put a
portfolio together of stocks and stuff at this range. Now,
if you have a pullback in dial what will probably
happen as interest rates will come down, bonds prices will
go higher, so you can sell those and then allocate
more into the stock set of form that you like. Now,

(17:10):
this takes work, I get it, and it takes a
plan beforehand. I get it. That's what we do. That's
why we put most people to a financial plan to
make sure they understand what they want, understand where the
amount of money they have, what that can produce for them,
if they need to live off their investments or if

(17:32):
they don't need to live off their investments. How risky
is their portfolio. We talk about when they should take
social Security, the best thing for medicare, how you can
cut taxes, worry about taxes? Should you shut a sign
up for charitable trust member. We're family office. Not only

(17:56):
do we do the financial planning from the planning aspect,
we also have a state attorney in our office and
we work very closely with accountants that come to our office.
That's a family office. Now, after all that's done and
said and put in place, the moving parts are the investments.

Speaker 2 (18:20):
We do not.

Speaker 1 (18:23):
Pass on the investments to outside sources. Yes, we use
et apps and sometimes mutual funds, but I'm talking about allocations,
pulling the trigger, buying and selling. We do it here
at our office, Greenberg Financial Group. So we have a
family office atmosphere that if whatever you need will be done,

(18:47):
whether it's wills, trusts, investment advice, tax planning, and then
we do the investments. Our expertise, My expertise is in
an the money management. That's why I started in nineteen
eighty eight learning how to manage money. The way we mate.

(19:08):
I'm always allowed to manage money was I just don't
sit tight. We get paid a fee, a fair fee
to manage money according to your resk tolerance. That doesn't
mean everything we buy goes up. That doesn't mean we
don't have some situations where it doesn't turn out right.

(19:29):
But overall the allocations, the process of managing money, mitigating risks.
Doing those things become very successful for your portfolio, especially
when you're retiring. You were going into it, you got
retiring or just about retired or just retired, and you

(19:49):
have this money in your Form one K plan, your
four or three B paid any retirement plan, and now
you know how much social Security you get, and you
know how much retirement money you might get or not get.
And now to fill in the gap all this money
you accumulated, you now have to deaccumulate to live on.

(20:10):
And that's what we do. If it's just not for growth,
it's about sustainable income for you for the rest of
your life to be able to get that check every
month along with your Social Security or pension check to
go ahead and pay the bills, live on, and go
ahead and live your lifestyle that you want. The financial

(20:31):
plan allows us to know how much of that money
you can live off of and still feel pretty comfortable
with your plan that it will be successful and you
won't run out of money. Our big key is and
we always want to make sure you do not run
out of money. We know it's a bell curve. We

(20:52):
know when you're sixty five seventy to eighty years old,
you're going to spend more money than you're off on
the eighty two ninety two hundred years old just won't
spend as much. A lot of people part of their
plans are you know, they don't have as much and
they want to take more out of their portfolio. But
you know what, that'll get him to maybe eighty five

(21:13):
to ninety years old, and then they say, we have
my house or paid for. Then they can do a
reverse mortgage or sell the house and use that to
live off the rest of those years. It's part of
a plan. You hope you don't have to get to
that point. You hope that's not part of the plan,
but that's what happens. Sometimes that's part of the plan.

(21:34):
And once you get to be sixty seventy years old,
it's hard to retrace and say, oh, I can do this,
this and this. The average person that retires knows what
their next stay is, knows what they're getting and has
to figure out how to budget to live on and

(21:55):
be able to live their lifestyle that they've envisioned. Now
most can do that, but everybody can't. Okay, not everybody
can do that, but we try to get you too
as close as possible. Interest rates are up. It's a
little bit easier today than it was fifteen years ago

(22:18):
when you couldn't even get one percent. Growth is still there.
There's a good area for growth that's still here. That's
how we do it. If you have not ever done
a financial plan and been thinking about it, it's time
to do it. We will do it for you complimentary,
which means we're not going to charge you to do

(22:38):
the plan. A lot of people say there is no
free lunch.

Speaker 2 (22:44):
You're right.

Speaker 1 (22:45):
We're not giving you lunch. We're giving you free financial advice. Now,
we believe with you it meets your criteria of what
you need. Believe that if you like what we're doing
and you're gonna implement it most of the time, you're

(23:06):
gonna implement it with us. If you don't like what
we're doing, of course you won't implement it with us.
But if you do, you'll implement it with us. And
that's why I've been able to build a business with
my great employees for this length of time to be
a very well established, well recognized business in Tucson, Arizona,

(23:29):
which we're very proud of. Now we've taken it to
the next level and I'm sure you heard. Every quarter
we're going to do an interactive financial planning seminar to
show you live what we do for people. We will
be able to show you how we change things and

(23:50):
do things, and obviously, if that makes you comfortable and
want to do one, we will also do a complimentary
free of financial plan for you, just built for you,
customize for you so you can see where you are
if you do business with us. Fantastic. Most people choose
to do that at the end, some don't. That's fine.

(24:12):
We move on with our lives. I hope you're one
of those that will join us, will come see us
to help your lives become less stressful in this really
really crazy world of finance that we live in today.
Thanks for listening. We'll be right back. This is Dean
Greenberg and the Money Matter Show. Welcome back to everybody
to the Money Matter Show. This is Dean Greenberg, Dave Sherwood,

(24:34):
Dylan Greenberg, and of course our marathon runner Todd.

Speaker 2 (24:39):
Marathon Manna.

Speaker 3 (24:42):
One month, like five weeks away.

Speaker 1 (24:44):
One month, I'm going to Germany to run around what Berlin.

Speaker 3 (24:49):
I go through even the little Berlin gates or I
think it's the Peace Gate. I forget what they call
the wall.

Speaker 4 (24:55):
Knocked the wall down, Yes, the gates.

Speaker 1 (24:58):
I think the way you went through the wall is.

Speaker 3 (24:59):
I think this is about like wor World War two.
It's like a symbolic World War two park. I know
where you're The Berlin Wall is also there is.

Speaker 4 (25:07):
Do you run over it? I'm not sure you have
the climate.

Speaker 3 (25:12):
But I think what's interesting is I am you know,
I I'm German heritage, but also have Jewish heritage, and
I think it's interesting, like you know, jew running in
the streets of.

Speaker 1 (25:20):
Big surprise that the German is a Jew too. I
mean there's a lot of them.

Speaker 5 (25:23):
Yeah, that's kind of what I started rounding up, is
the German Jews.

Speaker 3 (25:28):
You know what a week in the market, it's very volatile.

Speaker 5 (25:31):
Right, unbelievable because we started off with the profit taking
and the high flyers and that kind of started.

Speaker 1 (25:37):
Tuesday momentum stocks. So a lot of them are very
good companiess. I look at the two dollars four.

Speaker 4 (25:46):
Dollars stocks, those are now called meme stocks.

Speaker 2 (25:48):
Okay, yeah, okay, well.

Speaker 3 (25:51):
They are the high beta stocks though.

Speaker 5 (25:52):
Well put the momentium stocks, high beta stocks, high pe stocks,
but but momentium stocks is exactly what they were, and
they got shaved a little bit on Tuesday, Wednesday, and Thursday,
and then Friday morning, Paul comes out and says, okay,
I give up.

Speaker 2 (26:09):
Trump wins.

Speaker 3 (26:10):
Well, well, I think the interesting thing that we saw
earlier in the week, even though there was some selling
off in some of these big names, the small cap
area was getting somewhat of a bit. It was staying
around even though there was weakness in the market. And
then we had that big pop in Friday. Small caps
three point four percent higher on the week, blew every
other index out there.

Speaker 2 (26:28):
Second week in a row, right, and I.

Speaker 3 (26:29):
Think we're seeing again. We talked about it last week,
maybe that's the end of the rally, but when we
had this resurgence on Friday, it just led to small
caps going into the rally even more so.

Speaker 5 (26:39):
And it was very interesting a weekend that the are
a new all time highs for what the thirty stock
Dow and you know, yawn, But more importantly the equal
weight to S and P five hundred, which is really
the market, so a new all time high for the
market if you will.

Speaker 6 (26:58):
Yeah, I mean that one of two percent last week
and the S and P five hundred with with the
weights one ze point three percent because the tech companies,
like you were saying, the high beta stocks they were trouble.
Now it's exactly down point six percent for the weeks.
Of those tech companies that usually ride the market higher
kind of pulled it back, but the rest of the
market pulled up the slack.

Speaker 3 (27:19):
You know, quietly. The S and P five hundred up
ten percent year today, NAZAC only up eleven now, yeah,
you know, nas that almost killing the game for a while. So, uh,
the S and P. But it is so tech driven
now to the S and P five hundred itself, and
it's so weighted into those tech companies that it's kind
of very similar.

Speaker 1 (27:36):
Maybe yeah, but you see, it's not just the tech
companies tech companies, okay, just for tech companies, right, It's
not like, oh, they're just building computers. These tech companies
are building things for all the manufacturing companies, for all
the agriculture companies, for all the beer companies, for every
corporation that's out there. Technology is doing something to make

(27:58):
them more profitable.

Speaker 6 (27:59):
Well, especially with the chip companies too. That's just everywhere
chips we talked about all the time. There's over a
thousand chips in our cars today. So those companies are
just the backbone, turn it into the backbone of all
these other companies, industrials, everything like that. I mean, and
then you look at Intel that had a nice week,
and that's because the government kept talking about taking a
ten percent staking it, which Friday afternoon they did.

Speaker 5 (28:19):
But what you know, it makes me wonder because that's
exactly almost exactly the amount they got from the Chips Act. Right, yeah,
So does the government get a ten percent steak without.

Speaker 2 (28:30):
Putting up any money?

Speaker 4 (28:31):
Pretty much? Yes, we don't have any money for talking
about that money from the Chips Act.

Speaker 5 (28:35):
I mean, okay, we gave you that eight billion dollar grant,
right yeah, okay, so now we're gonna forgive that grant,
but we own ten percent of the company pretty much.
That's kind of how it's coming down.

Speaker 6 (28:46):
And they're not voting shares as well, right, and they're
uh yeah, that's.

Speaker 4 (28:51):
Pretty much what it is. They're talking about the chip
back money.

Speaker 1 (28:53):
Well that's why it first went up. Intel taking that all, well,
taking the steak in that the government giving them more money.
Then they didn't. They're not giving them more money. They're
just saying, Okay, that eight billion dollars we gave you,
will forgive you, but we want ownership.

Speaker 2 (29:07):
Never mind, we're going to be an owner.

Speaker 1 (29:09):
Yeah, well maybe that'll help Intel. They're looking at and going, well,
do we want Intel just to go out of business
you'll just never make anything or never be able to
pay it back, or do we want to be part
of something that might be able to grow.

Speaker 4 (29:19):
Well with that?

Speaker 6 (29:20):
I mean, Intel is the biggest competitor from an American
company against Taiwan Semiconductor, the only American exactly. Yeah, and
so that's why they don't want that company to fail.
It's kind of like Boeing versus air Bus in a sense.

Speaker 1 (29:32):
They need to increase the foundry side. And I think
last time they said they want me doing that.

Speaker 4 (29:36):
No, that's what they're trying to do now moving forward.

Speaker 6 (29:38):
That's why it was interesting when the new CEO came
out and said that, and then a week later Trump
said he wanted in this resign because that's the that's
the route that the new CEO is taking with Intel.
They're taking their pausing construction on polling factories, Germany factories.
They're gonna start increasing well now definitely. This was a
few weeks ago when he was saying this. The Ohio factory,

(30:00):
which is going to be a foundry, is how they
want to do, and they want to do more domestic
work and they want to transition to a foundry because
in a sense, they kind of gave up on trying
to keep up with Nvidia and A. M. D.

Speaker 2 (30:09):
Yahn. For those who don't know, talk about what a
foundry is.

Speaker 6 (30:11):
That's just where you actually make the chip like those
one like for us in Arizona. The foundries are the
TSM Thaiwan semi conductor warehouses are factories that got built
up in Phoenix area. Those are foundries. That's where Nvidia, Apple,
all those companies send their chip ideas and their chip
designs to that foundry to be actually made for us
to use. And that's what the Ohio Factory would turn

(30:34):
into for Intel once they finish it.

Speaker 1 (30:36):
So when you think about Navidia, all they are is
really an intellectual property company exactly, and a lot of
them are right, that's what they are. I mean, a
why do they have such big. Why do they have it?

Speaker 3 (30:50):
It comes down to for Navidia.

Speaker 1 (30:52):
Yeah, but why do they have such big office space?

Speaker 4 (30:55):
A lot of people work there, right, Well, they do researching,
a lot of R and D.

Speaker 1 (31:00):
Yeah, you know this is a little off. But every
time I hear the word chips, you get hungry. It's
a it's a generational thing. Imagine just not knowing what's
going on. Now, somebody wakes up that was went to
sleep in the eighties and the nineties and wake up.
We keep talking about chips. It they would think about

(31:20):
whites potato chips, you know, they would never think of that.
Oh where were all these chips coming from? Why don't
we need billions thousand of chips? Why do we need
foundaries to make chips?

Speaker 5 (31:30):
We used correctly, you know. Now we don't use liquid
paper anymore. We use corrective tape. I had I had
need of some liquid paper last week of that, a
little little thing I needed to blot out. And I
came out in the boardroom with the young people asking
for liquid paper. Nobody even knew what I was asking for.

Speaker 3 (31:45):
I call it white out. Yeah, we haven't even I don't,
I don't.

Speaker 1 (31:50):
We don't have a bottle white out here in ten years.

Speaker 2 (31:53):
We don't have a bottle of white out in the store.

Speaker 3 (31:55):
To your point though, about the S and P, the technology,
you know, going into so many different spaces. EXLU utilities
is one of the best performing sectors of the year.
That's not a sector that would be performing well other
than the fact that we're going through a technological revolution
that needs that.

Speaker 1 (32:10):
Much anyone and interest rates coming down.

Speaker 5 (32:12):
Well, you probably would have without the now, without the
technological changes that Todd mentioned, we probably have utilities at
a fifty two week low starting to rise because of
interest rates coming down, right, But no, they're up at
the fifty two weeks high.

Speaker 3 (32:26):
You know, it's the best performing sector this month in healthcare,
and we were talking about how bad that was.

Speaker 2 (32:32):
You didn't want to ge anywhere near it.

Speaker 3 (32:33):
But it's finally and that's another reason the sp is
kind of holding in there more so than the NASDAC.
So the S and P is more diversified than NASAK.
Obviously nas DECK is more technologically driven and has some
of the more high beta stocks, but the overall the
S and P up ten percent already through the year.
I think likely we're going to be seeing seven thousand.

(32:54):
I don't think that's a far fetch at this point.

Speaker 5 (32:57):
No, what what what kind of return that is? That's
what about ten percent from here? So that'd be twenty
percent a year. That'd be a good year.

Speaker 1 (33:04):
I think we're going to hit ten thousand while he's
in office. While he's in office, call yeah, ten thousand
on the S and P when he's in office, or
ten thousand S and P. Yeah, that's about fifty that's
about fifty percent, right.

Speaker 5 (33:16):
I wouldn't it wouldn't shock me, none, chop me. That'd
be a strong performance. But do you kind of expect
strong performances?

Speaker 1 (33:21):
I think that coming into the fourth quarter next year,
all the stuff that the we're lowing interest rates, we
are moving forward, but well, how these pullbacks like we
do now, because they're going to have to come up
with some reason to have some of these stocks move back,
so they become buying opportunities. And it's just like new
money came in, Right, we have some new money come in.
What do we do well? Right now? It's an opportunity

(33:42):
to start positions in somebody stocks that were twenty thirty
points higher. Would they put all my money into it? No,
not until we get through September.

Speaker 5 (33:49):
Sure, yeah, September looming out there, and then I would
still just start putting some of up money to work
in certain areas of the market.

Speaker 1 (33:56):
There's always going to be something that happens. I mean,
just go back just a couple of years. Look where
Boeing was right, but you had to go ahead and
had the vision to see where we'll go forward. Look
where IBM was right. So now you have to look
at all these other stocks the same way. When they
pull back, are they still good? Let them base out
boom buy one that.

Speaker 6 (34:17):
And the current one that's like that is United Healthcare,
which is day it's top ten percent from it's low
because big players bought in big time last couple of weeks.
It's still beating up though, and it's still risky in
that sense. But when you think about it in I
don't know, three to five year plan idea, you could
think that it would be back to where it was

(34:37):
because it's that type of company like a Boeing, where
it's just in a sense so big that it's hard
for it to fail.

Speaker 3 (34:43):
Yeah, be careful though, too, because we also have the
same idea about human and We've yet to seen that
turn around either. Human is a huge company. They're not
going anywhere.

Speaker 1 (34:51):
My ideal set up though for you and h is
down up, come down, and start back up at a
higher low than the first low. That's usually a really
good spot.

Speaker 6 (35:02):
Yeah, I mean it's not my favorite area, but it
is when you think about a company like well, right,
it's it's something that you can see back up.

Speaker 1 (35:09):
And down the road.

Speaker 5 (35:09):
Yes, one of the big pop the big pop Ways
Warren Buffet, say Thatt, Berkshire Hathways take a steak.

Speaker 2 (35:14):
It's all has to happen, right, That's right.

Speaker 6 (35:16):
Good one another heads Fun took like a two billion
dollars stake as well.

Speaker 5 (35:19):
But Berksherre Hathways that the day they announced that it
was good for thirty five forty points something like that.

Speaker 3 (35:24):
Well, hey, just so everyone knows, we're over halfway filled
with our interactive financial Planning workshop. So if you are
interested in attending that, it's going to be at La
Paloma Country Club, you can go to our website Greenberg
Financial dot com and you're gonna get a pop up
and you can register for that. But again, we're running
out of seat, so if you want to take advantage.
We'll do this quarterly, so if we run out, you
can obviously sign up for the next one. But we

(35:45):
are here for you, so go to our website and
sign up while you still can.

Speaker 1 (35:48):
We'll be right back. It's the Money Matter of Show.
We all appreciate that you listen to us.

Speaker 3 (35:52):
Thank you, Welcome back to The Money Matter Show. My
name is Toddlick. I'm here with Dylan Greenberg, Dean Greenberg,
David Sherwood, and Sebastian Borsini. It was very volatile week
because at the first start of it it was all
about Ukraine and Russia. Can we get a deal? It
wasn't seemed like there was getting any real traction. Plus
earning season wasn't really that attractive anymore because we're going
into retail and earnings and retail hasn't been that well,

(36:14):
so we were kind of just trading off. The AI
rally was fizzling off. Are we gonna get interest rate cuts?
And we finally got the answer on Friday with the
big announcement from FED that basically one hundred percent chances
we're gonna get twenty five base point next month, likely
at least a ninety percent chance we'll get one more
by the end of twenty five. So that interest rate
picture is helping all stocks across the board, most importantly

(36:37):
right now the small caps. They led the week high
three point four percent, leading them off higher big time
seven percent this month.

Speaker 5 (36:44):
Just see I I TB pop five percent, The home
builders et pop on Friday, oh to to just unbelievable,
just far more. They're just fear missing out, go go go.
I was surprised to the Ukrainian peace talks were probably
the most import and story until Friday Friday, Powell took
over and that was that dominated trading action for the week.

(37:06):
I was amazed to see certain stations, and I won't
say who, certain television stations actually critical of the peace talks.
I mean, how can you be critical of peace talks,
of trying to create peace in Ukraine?

Speaker 2 (37:22):
How can you be critical.

Speaker 7 (37:23):
Because Trump can only do bad things?

Speaker 2 (37:25):
You know, Trump walked on water. Their left would say, yeah,
I knew he couldn't swim. You know, it's ridiculous. Did
you hear him talking about heaven? Trump? He was talking
about heaven.

Speaker 5 (37:34):
He was saying that if he can get this deal done,
he saved seven thousand lives a day, and he said,
maybe that'll get me into heaven. He said, right now,
I'm here. My chances aren't good, he said, I'm near
the bottom of the totem pole. He said, but but
I'm looking at this peace talk and I'm thinking that
maybe maybe if I can get this done, I got
a shot. And of course that, interestingly, that created a

(37:57):
discussion on Fox.

Speaker 2 (37:58):
I was walking about really.

Speaker 5 (38:00):
Because of course Christians don't believe works get you into,
having Jewish people do, and so it's kind of interesting
to see Fox talking about Christianity for about five minutes there.

Speaker 3 (38:11):
So then Trump would be Jewish.

Speaker 2 (38:13):
H Well, Trump would be better. Trump would like to
be Jewish.

Speaker 5 (38:18):
I think using that approach, right, if you believe works
will get you in, and he's going to save seven
thousand lives a day, well then that maybe give you
a shot.

Speaker 2 (38:28):
If you believe you can only get in through grace,
then that's a whole different story.

Speaker 3 (38:31):
Well, can't you just say your sins and then you're good?

Speaker 2 (38:36):
The you know, we don't want to get into religious discussion.

Speaker 5 (38:39):
Bottom line is that Trump was confused about Well, I
don't think Trump has any particular religion.

Speaker 2 (38:45):
I'm not saying he's not a believer. I'm not saying
he's not a believer by.

Speaker 5 (38:50):
Did I just I'm not sure he's anyway. I thought
it was kind of funny that he said I don't
have my odds aren't looking good right now for what
I hear.

Speaker 7 (38:58):
Before we go further so. Sponsored by the Green Brick
Financial Group and you can listen on seven ninety KNSC
or iHeartRadio. The show discusses different investment products and strategies.
Every product and strategy have some type of an inherent risk,
and we strongly encourage our listeners to properly understand the
risk to determine whether to buy, sell, or hold. Show
has been on air for over thirty years. The Green
Brik Financial Group is registered with the SEC. Visit our

(39:19):
website at Greenbrik Financial dot com for some more information.

Speaker 2 (39:22):
There you go.

Speaker 3 (39:23):
You know, it had an interesting week with some cannabis
companies in that space. Seems to be taken off for
some reason.

Speaker 5 (39:28):
I don't get it every now, and they're all Canadian
for the most part, Canadian companies. They're not going to
do well unless pot is legal life on the federal level,
which is I can't imagine of course, then I couldn't
imagine nuclear power coming back either, so.

Speaker 2 (39:43):
We were in.

Speaker 6 (39:44):
I mean, it's like the pot. If it gets legalized
at the federal level, it'll probably just have a huge
jump initially and then level out.

Speaker 2 (39:53):
I think they'll explode higher.

Speaker 6 (39:54):
I mean, but it's not also going to be sustainable.
It's just gonna be like, Okay, now it's back to normal,
hopefully quickly.

Speaker 7 (40:00):
Stocks have been dead on the water for so dang long.
It's just the space that I wouldn't.

Speaker 5 (40:03):
Have won any kind of a little inkling towards something positive.

Speaker 2 (40:08):
They pop up.

Speaker 3 (40:08):
There, they definitely, I mean, they're they're traded way low.
But I think this is an example of marketing. You know,
when when you're investing based on themes and people will say, hey,
gambling is going to get legalized. Let's bet in all
the legalized gambling companies. Same with marijuana companies. You did
the same thing with quantum companies. You'll have the same

(40:31):
thing with nuclear companies.

Speaker 2 (40:32):
Right.

Speaker 3 (40:33):
The ideas and themes can work in play in your favor,
but they're most of the time very speculative hype plays,
and unless that big regulatory change happens to make that
space pop, you really are betting on nothing and until
that happens, so you have to be careful. Definitely, you
shouldn't have your entire portfolio, even probably even large percentage

(40:56):
off in those type of plays, because you have to
understan and that only a certain amount of companies that
actually are like that have no revenue currently are actually
going to produce revenue in the future.

Speaker 2 (41:08):
Right.

Speaker 3 (41:08):
The quality companies that already are producing revenue, those ones
that when they trade off you can at least be
sure that they have already proven business model. The ones
that are trading at very high pees that don't have
even a pe because they don't have any earnings yet.
You are betting on a hypothetical business model that has
not yet been proven. Could it be proven in the future, Yes,
but it is either requiring a big regulatory change or

(41:31):
a big technological shift, and if that doesn't happen, all
that money could be sitting there dormant for years and
years and years.

Speaker 5 (41:38):
Yeah, I was, Jake treduis a little bit here wet
to dinner last night with the friends of ours who
are liberal. They're one hundred and eighty degrees from where
my wife and I are politically lovely people. We get
along great. We don't talk politics left far enough left.
The shoe is actually one of the people that was
protesting on No Kings Day. You know, she's actually physically

(42:01):
out there.

Speaker 7 (42:02):
So, I mean, what you're saying is possible.

Speaker 5 (42:04):
Right, You can absolutely get along. You don't have to
have everybody in your life agree with you politically.

Speaker 2 (42:09):
Right.

Speaker 5 (42:09):
So, but my wife was a little bit late. It
was her birthday dinner. She was coming from work. She
was a little bit late, and so we I always
talk politics a little bit about I said, you know,
essentially telling her the great things that Trump has done.
And she was saying, yeah, but what about Ice coming
into these cities and grabbing American citizens of brown and

(42:30):
black skin and sending them back? I said, well, number
one is not happening. Number two, where would they send them?
I don't know, but they're sending them. I'm thinking, if
that's the information you're getting, that Ice is coming into
American cities and getting American citizens who just happened to
be minorities and sending them somewhere, she didn't.

Speaker 7 (42:50):
Know where where getting that from?

Speaker 5 (42:52):
C And I don't know, but somewhere somewhere in this
you left wing blog or somebody. I mean, if that's
the kind of information that you're getting, no wonder you're upset.
No oneder, you're concerned. Yeah, I get that. You know,
speaking of speaking a fake news. We talked Trump talks
about all the time. This is a classic right target.
Target came out last week that's already twenty two percent

(43:13):
lower for the year, was down in another ten percent
at the open on Wednesday, despite revenue that income that
we're above expectations, because they announced their CEO is leaving
and being.

Speaker 2 (43:23):
Replaced by their their COO.

Speaker 5 (43:26):
And that was what caused the weakness in the stock
store traffic one percent below last year one percent, but
two percent above what it was in the first quarter,
and that prompted CNN to put on headline that targeting. Now,
keep in mind, two percent higher on the quarter, one percent.

Speaker 2 (43:44):
Lower year over year.

Speaker 5 (43:45):
CNN target sales plummet due to DEI backlash.

Speaker 2 (43:52):
So if you don't have.

Speaker 7 (43:53):
Any news, make it up interesting.

Speaker 5 (43:55):
I mean that that's literally making that up. That was
not in any or did you hear about Cracker Burrow
this week? There's another one.

Speaker 7 (44:03):
They changed the logo one tell me about that.

Speaker 2 (44:05):
Tell me about how's that? How's that? Tell people? Tell
people what happened.

Speaker 5 (44:09):
They took the logo which had the guy the older
again the old guy leaned against setting on a stool,
lean it against the barrel.

Speaker 7 (44:15):
And I guess it's just because it's an old they.

Speaker 5 (44:18):
Got rid of it and just didn't oval this is
cracker barrow kind of cool looking.

Speaker 2 (44:23):
This apparently somehow makes them woke.

Speaker 3 (44:27):
Well, because you're saying it's you're taking history away, cracker
leaning against if.

Speaker 2 (44:32):
He used the term cracker like old white guy, right, yes,
is that term?

Speaker 3 (44:37):
It's not nice?

Speaker 5 (44:38):
But but I mean, are you serious? Is that all
you've got to do is worry about.

Speaker 2 (44:42):
Stuff like that?

Speaker 7 (44:43):
Went over my head?

Speaker 3 (44:46):
Cracker crackers?

Speaker 7 (44:48):
Yeah?

Speaker 2 (44:48):
Yeah, it's that that. It's that, that's that's the problem
for anybody. I mean, why is it? Why does it
concern you in the least? And now?

Speaker 5 (44:57):
Now and cracker brough Stock was down twelve percent and
thinking that their white wing client tail are not going
to come in anymore.

Speaker 7 (45:03):
Yeah, I mean I don't follow that company, but if
their books are just the same and they didn't plumb
it off of anything but that news, maybe it's a
buy and that was it.

Speaker 5 (45:12):
That was it down twelve percent because they took the
old man leaning against.

Speaker 2 (45:16):
The barrel off at their logo.

Speaker 5 (45:17):
It's beautiful and I'm sure and nobody at corporate in
cracker Barrels gave that one minute of thought.

Speaker 4 (45:23):
No, no, it doesn't look like anything. It just took
off a logo.

Speaker 2 (45:26):
They just cleaned it up.

Speaker 6 (45:27):
Yeah, they just made it more minimalistic in a sense,
like all these other fast food and like sit down
restaurants have been doing, all the chains have been doing lately.

Speaker 4 (45:34):
They just make it more simple.

Speaker 5 (45:36):
Probably a heck of a lot cheaper to make those
signs without the guy and the barrel in this tool.

Speaker 4 (45:41):
That's probably what they were thinking.

Speaker 2 (45:42):
You know, I don't know.

Speaker 5 (45:45):
When they When I saw that and I had to
look into it, I thought, you gotta be kidding me.

Speaker 7 (45:48):
Did you see the Apples thinking about using Google's Gemini
to use that through their SII?

Speaker 2 (45:54):
I wish I wish they was sure. It's so lame.

Speaker 7 (45:56):
Yeah, I agree with you. Well, I think we talked
about that on the show last week, how horrible it is,
and it's stuck Google pop three percent. I think Apple
is up pretty good on Friday as well.

Speaker 2 (46:05):
I said the other day, I said, because it's so easy. Sure,
so easy.

Speaker 5 (46:09):
You just push the button, right, ask a question. Yeah,
I pushed the button and I'm trying to think what
the question was. It was like, what's the capital of.

Speaker 2 (46:18):
Whatever? George? What's the capital of Soviet Georgia. I'm making
that up right. It depends on your location, right, What
do you.

Speaker 5 (46:25):
Mean it depends on my location? It does not depend
upon my location.

Speaker 7 (46:29):
When's Mary's birth?

Speaker 3 (46:30):
The current Apple open Ai chat GBC. So if they
did that, it's likely because open ai is trying to
They bought john ives from their team, and maybe Apple
fills a little threatened by open ai if they go
into the wearable products or any type of physical AI products,
and maybe even open a makes their own phone could
compete with Apple. Maybe Apple filling a little threat.

Speaker 5 (46:51):
It's it's noticeably more trouble for me to go to Google,
take my phone and go to Google or go to
chad GPT. But I'm finding myself doing it more and
more and more because Siri is so lame.

Speaker 7 (47:04):
I mean I never used Siri.

Speaker 5 (47:05):
I personally about the only thing that's good for us.
If you're watching the TV show, and you're how old
is that person you know? Or is that person married?
Or you want to do something about the character? Right, Uh,
give me, give me, give me what car?

Speaker 2 (47:19):
What? What show was he? And something like that, something
very basic stuff.

Speaker 5 (47:23):
If I want something really in depth, I'll go to
Chad GPT. But Google AI has done a heck of
a job. We're coming up on a break here. We'll
be back with the second half of the Money Manders
Show after this break.

Speaker 2 (47:34):
Thanks again for joining us. We'll be right back.

Speaker 6 (47:38):
Welcome back to the second hour of the Money Matters Show.
Thank you for tuning in. I'm here with Dave Sherwood,
Todd Glick, Sebastian Borsini, and Dean Greenberg. Before the break,
we were talking about all the different things going on
in the markets, in the world and the economy. You
got Trump trying to help stop that Ukraine and Russia war.
You have the Fed indicating rate cuts in September. You

(47:58):
have the markets. The Dow was up one and a
half percent last week, notching an all time high. The
S and P five hundred was up point three percent,
the Nasdaq was down point six percent, and the small
cap companies were up three point four percent, and the
equal weighted S and P five hundred was up one
point nine percent. So the broad markets did very well
last week. Tech took a hit, as we saw early
last week, a lot of the big companies and video

(48:21):
met at all those companies sold off a bit, but
they had a high run, so you got a little
profit taking from there. But then Friday came, Powell indicated
that they're thinking about rate cuts in this next meeting
in September, and they took off again, hidden going up
about two percent. The markets did very well on Friday.
It's great news with what the Fed is thinking. So
hopefully they continue with that rhetoric.

Speaker 5 (48:41):
And I think in the Friday where we saw was
a short covering rally, there was a lot of people
betting that Powell would continue his very tone and that
interest rates would continue to edge higher and that the
market would sell off. When you see that big of
a move that quickly, and I mean the market went
from up one fifty to up seven hundred in what

(49:05):
todd thirty seconds. When you see that big of a move,
that's short covering. That's people who have bet the market's
going to go down and are freaking out. Our panicing,
our closing out those positions. We know that when you
sell something short, you're selling something you don't own, so
your your upside is limited, your downside is unlimited. So

(49:26):
you've got to cover that at some point. And when
you see a big move up, you often see people
who have sold stock that they don't own quickly buy
it back to minimize their losses. It's called a short
covering rally. Typically what we see. I think that's what
we saw on Friday. I agree with a shortcover run.
Not there wasn't good news, Not that it wasn't good news,

(49:47):
but it wasn't totally unexpected. Powell has been wavering a
bit because Trump fin hammered him. Now they're going after
that Galla in video open at least on after Lisa Cook,
the Fed governor, And.

Speaker 3 (50:03):
You know, two primary home mortgages, that's what comes down to.
You can only have one primary home, and she classified
two homes as a primary home.

Speaker 5 (50:13):
If the allegations are correct, she relied on her mortgage
applicant fraud.

Speaker 2 (50:20):
Mortgage fraud.

Speaker 5 (50:20):
It sounds, it sounds much more egregious than it is,
but she committed mortgage fraud. She got a better than
but you're the interest rate will be a little bit
higher on a second home.

Speaker 2 (50:30):
So she did it to get a little bit.

Speaker 5 (50:32):
Lower interest right back in twenty one when interest rates
were close to zero anyway.

Speaker 7 (50:36):
But how much money she making is ridiculous.

Speaker 5 (50:39):
Yeah, the difference, I'm sure something that she could go
back and undo it. She would, And I don't know
what explanation there is, but when you throw a mortgage fraud,
you know, it makes it sound way more egregious than
it is, but it's technically tied.

Speaker 2 (50:51):
You're right, it's mortgage fraud.

Speaker 4 (50:53):
We're a FED governor. You' put on a pedestal.

Speaker 2 (50:55):
Yeah, you're right, stuff like that. Right, No, you've got
to you gotta do better.

Speaker 6 (50:58):
Supposed to that example and say, oh, I'm not going
to do that because I'm a FED governor.

Speaker 5 (51:03):
The Sad Party is Unfortunately, she's African American, and so
you can imagine how the leftist framing this. You know,
there goes Trump again. You know, racist Trump. We're all
knowing Trump. We've all known Trump. He's been in the
public eye for decades. There's not a racist, you know.
That's one of the things.

Speaker 3 (51:20):
You're trying to do is obviously politically attack the FED
so he gets more appointees and force more ray cuts.
And that's uh. The FED doesn't like that the FED
is not a government entity. They try to maintain their independence.
That's one of their biggest talking points is they like
to maintain their independence. So Trump doing this is it's

(51:42):
quite an attack to a very established institution that I
feel like there might be more to come out of
all that.

Speaker 2 (51:50):
I agree with you.

Speaker 5 (51:51):
I agree with you that there's no no denying that
if the allegations are true, she did commit mortgage. Fry Man,
you shouldn't like delegated as a FED. You're a little
bit above that. You know, you held to a little
bit higher standard.

Speaker 3 (52:05):
Unless you're a politician like in the House or the Senate,
and then you could just.

Speaker 2 (52:08):
That they have no standards at all. Yeah, we know,
we know politicians have no standards.

Speaker 5 (52:14):
That concerned about that, hey, speaking of you know, we
always talk about how politicians say things and then never
do them.

Speaker 2 (52:21):
You know.

Speaker 5 (52:21):
Back in April, uh Trump said he would soon resume
student loan collection efforts and wage garnishments would resume as
soon as this summer, but with Labor Day coming up,
nothing's happened.

Speaker 3 (52:35):
Well, I'll tell you what. I was talking to someone
who is probably more liberal leaning, and they were saying,
as much as most politicians don't do what they say,
Trump does has done a lot of what he said
he was.

Speaker 2 (52:47):
Going to do a ton of what he said.

Speaker 3 (52:51):
Anyone could be one hundred percent claims that he said
he was going to do. I mean, name another politician
has done what they do more than what Trump has done.

Speaker 5 (53:02):
Not even because I was CNN had had a report
of the and named him the most influential president in history.
So that's not a CN that's a report from CNN.
Who can't no like, uh, calendar this coming this coming week,
we have the PC on Friday. I don't think it
will matter anymore PEC. Whether it's good, bad, and different,

(53:25):
it doesn't matter. Paul's kind of got himself in a box. Uh,
he's going to lower rates by a quarter.

Speaker 2 (53:30):
Problem.

Speaker 3 (53:30):
It was an interesting comment that Powell made. He said
that the slowdown in job growth was more than he expected.
I thought that was an interesting I think I.

Speaker 5 (53:39):
Think more than any of us expected. And that was
the thing that the day that happened, I remember us
all talking about, well there come, here comes a rate cut.

Speaker 2 (53:46):
But then we got.

Speaker 5 (53:47):
The the producer price index after that showed inflation on
the producer level really soaring. I mean at almost twelve
percent annualized. Eleven percent be awkward annualize. That's that's horrific.
And yet we've seen reports from retailers. Now we're watching
the CNBC report last week that talked about the tariffs,

(54:10):
and they had queried a group of people about the tariffs,
and they said, cost our rising. We're trying, we're having
to get a little bit more creative to avoid widespread
price hikes. Yet, because consumer spending has stayed largely strong
despite a little bit higher prices, we don't think the

(54:31):
shock is going to be as severe as we had
originally thought it would be. If you've got some of
the exporters eating some of that. Some of the importers
are the people the import goods store country. If you
have them eating a portion of the tariffs, and let's
say fifteen percent is the average Okay, I don't know
what the average, Let's say fifteen per If they're eating

(54:53):
five percent of it and the retailer's willing to eat
five percent of it, the consumer gets five percent of
maybe we can get through this. The good news is
it's putting a ton of money into the federal coffers.
Of course, we also know they'll just spend it. That's
why we're.

Speaker 3 (55:08):
All Another space that's been booming this week, well, I
don't know necessarily boom finished the week with the boom.
Very volatile space. Crypto. Bitcoin has been leading the way
for many years, but this week a lot of the
story was on Ethereum because of their big price movement
fifteen percent higher on Friday. It's up twenty eight percent
in the last month. It's like seventy five percent high

(55:30):
in the last three months. It's absolutely exploded. Things like
Ripple has followed very quickly, closely behind, even things like
dogecoin pop thirteen percent on Friday. To me, like similarly
small caps, when you start to see those pop in
the crypto space, the allt coins, so it's more closer
to the end of the rally, you know. To me,

(55:51):
it's like the eighth or ninth inning. Those are the
ones that everyone's trying to go into, the smaller dollar
coins because they think that they can double quicker. And
when people are just going into something because of doubling
money based on really no actual use of something. That's
where you get to a toolip phase and it can
overdo itself. So we might be in that phase right now.

(56:13):
And I don't necessarily love to see some of these
other coins do as well as they're doing, because to me,
that's that's a little too frothy.

Speaker 7 (56:20):
Do you know bigcoins here today?

Speaker 3 (56:21):
What is a bitcoins year today? I'll get it for you.

Speaker 2 (56:25):
And we had we had.

Speaker 5 (56:26):
One of the things we found out this past week,
as if we didn't know it is bitcoin is a
risk asset. When the high beta stocks started to sell off,
there went bitcoin, and Bitcoin needed a five thousand dollars
rally on Friday just to close the week unchanged.

Speaker 2 (56:43):
I mean it was it was down Bay and.

Speaker 3 (56:44):
It did just that. But twenty five percent year to day,
it's something ninety percent over the last years, so it's
it's done done his job, right. But the interesting thing
is you look at FBTC still a point seventy one beta,
I guess want to compare it to the S and B. Right,
it is a risk assid don't get me wrong.

Speaker 2 (57:02):
That's it.

Speaker 5 (57:02):
That's a bitcoin et aff that's supposed to mimic the
move and a bitcoin.

Speaker 3 (57:06):
And the beta is still on the last one year, right.

Speaker 2 (57:09):
So there's beta bean, beta bean.

Speaker 3 (57:11):
How much does it move with the market. So a
one to one beta is you're going to move one
percent if the market goes up one percent, and if
you're a two you're going to move up two percent
for one percent. So when we're talking about high beta stocks,
we're gonna talk about like Palenteer, right, and we saw
that company absolutely explode higher, but there's not a lot
of price. It's a very high priced earning. It's not
much earnings in that company right now, it's all hypothetical stuff.

(57:35):
But and that company can trade off really drastically because
it's such a high beta. Now bitcoin can do the
same thing. But realistically it is a it's technically less
volatile than the market over the last one year.

Speaker 7 (57:47):
I guess my question is how long can ethereum rally for?
How long can these small caps rally for? How long
until the music stops?

Speaker 3 (57:54):
Only about six to nine months.

Speaker 2 (57:56):
There's an old saying.

Speaker 5 (57:57):
There's an old saying that the market can stay irrational
no longer than you can stay liquid.

Speaker 7 (58:02):
When you look at the year, when you look at
the year to date numbers. Yeah, that's and P five
hundred is only up ten percent, you know, not only
it's a great year.

Speaker 2 (58:08):
Ten percent or eight months. It's good, right, it's great.
That's good.

Speaker 7 (58:11):
But can I go higher?

Speaker 2 (58:14):
Yeah?

Speaker 5 (58:14):
I mean ten percent through twelve that was fifteen percent
annual ready to return.

Speaker 2 (58:18):
That's better than normal.

Speaker 5 (58:20):
And of course off of the off of the April
low thirty three point eight percent. Now you can you
can say in hindsight that the April low probably shouldn't happened.

Speaker 7 (58:29):
You almost have to ignore that number.

Speaker 5 (58:31):
It seems you pretty much have to ignore it shouldn't
have happened. And you look at the it got tank
because we had really never dealt with terror, this tariff situation,
at least not in modern times, so we really didn't
really know what it meant. And so the when you
don't know what it means to sell for ust ask
questions later. And of course then back it came, and

(58:52):
we now in hindsight can see if it's a if
it's a factor, it's a minor factor.

Speaker 3 (58:57):
At this point, what do we know about solar Now?

Speaker 5 (59:00):
How about that prompt to prove any solar deals or
any wind deals.

Speaker 2 (59:04):
I want to prove it him.

Speaker 3 (59:06):
And the solar companies didn't really move.

Speaker 2 (59:07):
Didn't move beyond, which I found puzzling.

Speaker 3 (59:11):
Frankly is puzzling.

Speaker 5 (59:14):
I just wonder if they just so much of not
so much. Some of what he says is just, you know, trouballoons.
I saw something that front page of the uh Arizona
Daily Star last week. The one day I looked at it.
My wife gets it and I pick it up and
put on a put on the table floor. Trump wants

(59:35):
to paint the border wall black. Yeah, really, front page,
front page? Really, why do you care? You know, that's
front page news for a left wing newspaper, is it?
Trump wants to paint the border wall black. I don't
know why he would want to paint it black. I
didn't even read it. I don't care. He wants to

(59:55):
paint it black, but don't have any money for paint.
But go ahead, you.

Speaker 3 (59:58):
Know, Oh, we have enough money for the Golden Dome.

Speaker 2 (01:00:01):
Yeah, there you go. Don't remind me, don't remind me. Uh.
We did actually see a downward move. A lot of times.

Speaker 5 (01:00:07):
You'll see the Feds say, well, we're going to lower
interest rates. The Fed is kind of always the tail
of the dog. The Fed is generally the last way. Well,
Fed's get to lower interest rates. By then, interest rates
have generally already gone down. By the time the Fed moves,
we actually did see lower interest rates.

Speaker 2 (01:00:24):
Uh.

Speaker 5 (01:00:25):
Get the low in interest rates for this year was
four percent. You know when that was hit. You're gonna
remember this.

Speaker 2 (01:00:33):
Four four hit four percent? Four to four.

Speaker 5 (01:00:38):
That's cool, easy, remember, right, four four or four says
many fours as you want.

Speaker 3 (01:00:43):
Hey, did you remember the housekeeping onduens we're supposed to.

Speaker 2 (01:00:45):
Do about Lincoln Kennedy? You did it for me.

Speaker 5 (01:00:47):
You keep it reminding me about this, and during the
week you were actually reciting it, and it's like, I'm
my hair hurts and I've got some hair.

Speaker 3 (01:00:57):
Since you don't you don't want to do it.

Speaker 2 (01:00:58):
No, I think it's some cute. There's some cute coincidences.

Speaker 3 (01:01:01):
There's interesting.

Speaker 2 (01:01:03):
You know, they're interesting. We had a cute. Yeah, they coincid,
they really are.

Speaker 3 (01:01:07):
So this this was a couple. This is a couple
of them. Lincoln was shot in Ford's theater and Kennedy
was shot in the Lincoln car made by Ford.

Speaker 2 (01:01:15):
Okay, all right, that's good.

Speaker 3 (01:01:17):
Lincoln was succeeded by Andrew Johnson, and he was born
in eighteen oh way. Kennedy was succeeded by Lyndon Johnson
born in nineteen o way both assassins. Booth was born
in eighteen thirty nine. Oswald was born in nineteen thirty nine.
John Wilkes Booth and Lee Harvey Oswald both have three names.
They both have fifteen letters, and Booth shot Lincoln in

(01:01:37):
a theater and fled to a warehouse. Oswald shot Kennedy
from a warehouse and fled to a theater.

Speaker 2 (01:01:42):
Then they both got shot in the head.

Speaker 3 (01:01:43):
And they both got shot in the head. They both
got shot on Friday, and they both were civil rights activists.
And Lincoln and Kennedy both have seven letters.

Speaker 5 (01:01:52):
Something interesting coincidence, I think very cool. China and Europe
both rallied this week. China that four percent, Europe of
about one and a half percent. Like I said, the
only big news next week really is the PCE on Friday.
That's the Personal Consumption Expenditure Index. It is advertised as
the Fed's favorite measure of inflation. I don't think it

(01:02:15):
matters this month, which is rare. It normally matters a lot,
But I don't think regardless of what is, it's going
to stop Powell from lowering rates by a quarter because
he wants Trump to leave them alone.

Speaker 3 (01:02:27):
Yeah. I mean again, if you go back to the
ITB performance, that's the home construction ETF, it had a
really good week and some of that was because of
homes and I mean Home Depot and Lows, and that
right now is an interesting space, I think because those
two companies are probably going to get more of the
bid as most people are still probably not in the

(01:02:48):
mood to get a completely new house and still doing
some fixed uppers around the house. But I thought you
had an interesting story this week's Sebastion about Home Depot
and Lows about the people stealing.

Speaker 7 (01:03:02):
Oh yeah, here in Tucson at Home Deep owned Lows,
there was about forty five thousand dollars worth of items
that were taken out of those two stores from one
person and it consisted of over fifty times. I'm pretty
sure that this guy would run in, take something out.

Speaker 2 (01:03:18):
And go home one time. One guy, one.

Speaker 7 (01:03:20):
Guy, one one item of time, and things consisted of
power tools, refrigerators, AC units, over toilets.

Speaker 3 (01:03:28):
And then they finally decided to get a search for it,
and then they found all these items in his house and.

Speaker 7 (01:03:33):
So TVD thanks Home Deep owned Lows for helping them out.

Speaker 4 (01:03:37):
It's crazy you could just calmly take sixty items.

Speaker 7 (01:03:40):
Well, I mean we were talking about with Walgreens. Remember
guys like that. You just walk in with a grocery
bag and you could put anything you want in it
and just walk out.

Speaker 2 (01:03:46):
I feel like fool at Walgreens. Pay me too, man,
I feel like that.

Speaker 7 (01:03:51):
Here I am sitending paying for a six dollars birthday
card and this guy has you know, six hundred dollars
worth a crap hout he goes.

Speaker 5 (01:03:59):
I saw a guy one day with eight twenty four
packs of soda.

Speaker 4 (01:04:02):
Walgreen stock is tanking.

Speaker 7 (01:04:04):
Yeah, and going bad, going back to the home builder space.
I know hindsight's twenty twenty, but how annoying is this trade?
I mean, such downward PRESSU run rates for the last
you know, two three months. Of course it's going to
help housing.

Speaker 2 (01:04:16):
Yeah.

Speaker 5 (01:04:17):
Home Depot and low Was both reported both gave Okay
reports they weren't great lowe Was, Home Depot reaffirmed their guidance.
Lows actually increased guidance for the year.

Speaker 2 (01:04:30):
So you're right.

Speaker 5 (01:04:31):
God, if those two get a bid, they're both the
important stocks. Home Depot is one of the doustocks. It
helped this week.

Speaker 2 (01:04:37):
It was up.

Speaker 5 (01:04:38):
It had a pretty darn good week. It's had a
heck of a runoff the low. I don't know what
the percent you jump is, but it's got to be
ten to fifteen percent off the low, which was just
maybe six weeks ago.

Speaker 7 (01:04:48):
You know, we like investing in stuff that we use. Right,
Zoom and the dock you signed, they've been looking really good.
Zoom reported earnings on Thursday. They had a I'm pretty
sure eleven twelve sent pop on Friday. Interesting companies.

Speaker 2 (01:05:02):
Now do you guys Do you guys use Zoom? Out here?
You guys use Zoom?

Speaker 7 (01:05:06):
We actually use Microsoft Teams more so just because we're
a Microsoft office.

Speaker 4 (01:05:12):
We've used Zoom. We've used quite a bit.

Speaker 6 (01:05:13):
And I mean Zoom really is like Google, like, hey,
I'm going to go on to Zoom, but it could
be Teams. It's that kind of brand.

Speaker 5 (01:05:20):
I use Zoom a ton back in the pandemic, but
I honestly couldn't tell you how to sign on to
it now.

Speaker 3 (01:05:24):
I also could tell you how Zoom's money that much money.
I don't understand how Zoom makes a lot of money,
but how I do. I do think Docu signed. It's
a lot of sense their business model. We use it
a lot, and once you use it too much, you
have to pay more for it. That's a good business
model because I can keep working on the long run.
Right now, all companies seem to be doing more electronic signings.

Speaker 4 (01:05:45):
That's not going to be It makes life way easier.

Speaker 7 (01:05:48):
And on the on the inverse of that, maybe you know,
don't you sell your iron Mountain chairs.

Speaker 2 (01:05:55):
The Iron Mountain destroyage company, but at.

Speaker 7 (01:05:57):
The paper showing company.

Speaker 3 (01:05:59):
But at the same time there's plenty of still paper
files will have to be shredded eventually. Don't I think
it's anything it'ud be a good trade. Eventually you'd have
to sell.

Speaker 5 (01:06:08):
Eventually what Docus signed generate paper that you have to print.

Speaker 3 (01:06:12):
It is very true. There is still regulatory point old
regulatory burdens right that say you have to keep paper files.
You might still electronically sign it, but you yourself, the
business has to keep the paper files just because you're
regulatory required.

Speaker 7 (01:06:27):
What do you always say you know, we're headed into
this paperless world, yet we have more paper than ever.

Speaker 3 (01:06:32):
The lawyers and regulators messed it.

Speaker 2 (01:06:33):
Up, right, Dave, I agree one hundred percent.

Speaker 5 (01:06:35):
I mean we were I was told in high school,
which is a few years back, that we were headed
for a paperless society. And there's more paper now than
there was then. And I think a lot of that
has to do with the regulators. It has to do
with the litigators. Everyone's trying to see ya. You know,
everyone's trying to protect Themselvesyah.

Speaker 6 (01:06:55):
It feels like we have a new document we have
to get signed every year. Yeah, to add to our
already existing doc.

Speaker 5 (01:07:00):
I sent an email to jd Vance. I'm working on
getting rid of the W nine. We'll see how that
works out.

Speaker 2 (01:07:06):
Yeah.

Speaker 5 (01:07:06):
I haven't heard back yet, so I expect to hear
anytime now, you know. But I did, actually, honestly, God
did send.

Speaker 7 (01:07:12):
Him a about the.

Speaker 5 (01:07:14):
W N the W nine. I know the W nine
is my pet Peeve. I was there when it came
into exist.

Speaker 3 (01:07:20):
Do you have a W four, a W two?

Speaker 5 (01:07:22):
And why do you have an application W seven? Why
do you have an application that you sign? It's that
that a test that your social Security number is correct,
and then you have a separate piece of paper to
a test that your social security numbers correct.

Speaker 7 (01:07:35):
No sense, Dave does not enjoy redundancy.

Speaker 2 (01:07:37):
Well, I was there.

Speaker 5 (01:07:38):
I was there when the W nine came into existence,
and I saw how stupid it was. Well lucky that
it came into existence at all. But Dave, are you serious?
This is how you're going to say faith is You're
going to make us sign this stupid form for the
rest of our lives.

Speaker 2 (01:07:52):
It's like taking your shoes off at the airport, you know.

Speaker 3 (01:07:55):
But luckily here at the custodian we use RBC. They
put the W nine in the new application for so
we just have to sign one document.

Speaker 2 (01:08:03):
True.

Speaker 5 (01:08:04):
True, But I'm I'm fighting for all of the little
people out their time. Hey, speaking of which you now,
are you guys you clarify your seminar? Could we talked
a little bit about this. What can someone who's going
to attend the seminar alolo expect to have happened?

Speaker 3 (01:08:23):
They're gonna get an actual, live demonstration of what a
financial plan would look like if you came in and
did one with us. So obviously, if you're a current client,
you've gone through a financial plan, you already know what
that's going to look like. You've done an individualized session.
This is for people that necessarily haven't gone through that
and don't necessarily want to go through an individualized session

(01:08:46):
just yet. They want to see what it looks like.
They want to get some information about what financial planning
is and so they can get more comfortable before they
actually set on an individualized session, because sometimes people don't
actually want to give up all their information. They want
to actually develop some trust first, and this is that
opportunity to do so. So if anyone hasn't met us
in person and want to do that, we'll be available

(01:09:08):
at La Palomo outs or any of your questions. But
we're also gonna do a sample John Jane Doe financial
plan to show you what this thing can do and
how it can help you, right.

Speaker 5 (01:09:17):
And that is the sole purpose of this seminar. It's
not going to go into other things. It's we want
you to be able to come meet the team, get
a feel for who we are, get a feel for
what it would look like if you wanted to go
through this process. We're not gonna be doing a financial plan,
doing a dummy financial plan something like that.

Speaker 7 (01:09:38):
It's a generic view of our process.

Speaker 5 (01:09:39):
And if you've already been here and going through the
financial plan, this is a waste of time for you.

Speaker 3 (01:09:44):
And if you also want to just redo your own
individualized financial plan, we can do that. Just give us
a call and we can set up your own meeting
right an hour just for you or more just and
we can run with whatever scenarios we want so to
any current clients feel free to call us and get
a finespan. If you aren't a current client, you just
want to go straight to the financial plan. We had

(01:10:05):
one client who is going to go to the seminar
and realize, you know, I don't actually need to go
through what it is. Let's just figure it out for myself.

Speaker 7 (01:10:11):
You'd been listening for a while and said, you know,
I want to actually take the personalized version of the
financial plan home. That's not there's it's redundant for me
to go to this meeting and just listen to the
generic version of it.

Speaker 2 (01:10:21):
Correct.

Speaker 5 (01:10:22):
If I could use a car analogy, this is kind
of the test drive.

Speaker 7 (01:10:25):
Ye, well, it is exactly.

Speaker 5 (01:10:27):
We're going to show you that you can kick the
tires and look at the interior to xterior, drive the
car and see whether or not this makes sense for
you and your wife to something that you would want
to do. A little weakness in n Vidia early on Friday,
which is unusual. They they've in Vidio reportedly asked them
of its component suppliers to halt production of the H

(01:10:48):
two H twenty graphic processing units, which is every go,
wait a second, what's going on there? Things going down?
I don't think so, but it was quickly for gott
in the minute Powell said yeah, I'm gonna.

Speaker 7 (01:11:01):
Well to that point, it was kind of a good
lens of Yeah. Maybe it was a short covering because
then video started that day in the pre market's down
two percent off of that now, no, no, it.

Speaker 5 (01:11:10):
Was it was going to have a down day and
then the news broke and power jump back on.

Speaker 7 (01:11:16):
You don't want to be short and have a big day.

Speaker 5 (01:11:17):
It was up about two dollars I think at two
two and a half dollars something like that for one
hundred and seventy dollars stock not a big big deal,
but it was down three or four.

Speaker 2 (01:11:27):
Bucks right at the open.

Speaker 5 (01:11:28):
So one of those things you look at and to go, well,
that kind of got lost in the smoke and haze
when poll started talking. Be interesting to see where en
video might have ended the day had the market not
picked up that strong bid from the shortcovers. I wouldn't
think there'd be a lot of short interest in video though,
so but it's.

Speaker 2 (01:11:48):
Just kind of interesting.

Speaker 5 (01:11:49):
I saw Reddit to Reddit jumped eighteen points at the open,
finished the day down. Kind of interesting. We'll be back
with more of the Money Matter Show. Thanks again for
joining us on this Sunday morning.

Speaker 7 (01:11:57):
Welcome back to the Money Matter Show. My name is
Sebastian seeing name here with Todd Glick Junior, Dylan Greenberg,
and David Sherwood. On the last segment, we were talking
about how in Video is gonna discontinue the H twenty
chip in China, and I start to think, you know,
how does in Vidia get dethroned as you know, this
huge player in this space. I believe it's gonna have
to be through China. China's gonna have to step up

(01:12:18):
their game and kind of implement something in the software
portion of the infrastructure for artificial intelligence takes some market
share away from Kuta, which is the software. You know,
the software that is produced through blackwell through in video.
If that happens, more people in the United States, domestic
players will have to adopt whatever China's doing.

Speaker 3 (01:12:38):
Yeah, but that won't happen because of security risks. So
there's always going to be that. It's like trying to
say that you're gonna build on wildwai technology. You're gonna
have security risks no matter what. So the big other
one is AMD. I mean, obviously am D American company
could be the competitor, but any Chinese company, no American regular,
is gonna let American companies build on the Chinese pro
chip or user interface.

Speaker 5 (01:13:00):
Speaking of AI, Meta seen their shares rally thirty five
percent this year, three percent lower on Monday, after the
US Senator Josh Haley, and he's not an uninfluential guy,
he heads the Senate Judiciary Subcommittee on Crime and counter Terrorism,
launched an investigation into the company's AI policies, particularly around

(01:13:22):
his chatbot technology. Chat Bot technology. Probe's going to examine
whether Meta's AI products pose a risk to children and
whether the company misread regulators in the public about safeguards.
Kind of a deep dive. Announcing to move on social
media platform acts think gets taken after Trump right, Holly
criticized the company sharply, saying, is there anything big tech

(01:13:45):
won't do for a quick buck? And you know, you
look at that and you wonder, is this about political
grandstanding or what? I noticed that Meta is going to
introduce their new glasses next week.

Speaker 2 (01:13:56):
Did you see that?

Speaker 6 (01:13:57):
Yeah, they're introducing one with a display and a wristband
that can control the display.

Speaker 2 (01:14:03):
The wristband's going to control the display. Eight hundred dollars.

Speaker 6 (01:14:08):
They're worth that company Ellis or Luxica who owns ray
Ban and Prada, which they haven't said exactly which one
they're going to go with. In the past, their first
generation was with RayBan, but they're saying Prada has us
thicker arms of US glasses, so they might be made
better for putting more technology in them. But either way,
they're eight hundred bucks. Seems kind of cool.

Speaker 4 (01:14:30):
Seems like a smaller version of the Apple Vision Pro.

Speaker 3 (01:14:33):
If you get into like six hundred by Christmas.

Speaker 2 (01:14:35):
It's gonna be a tin to see how this.

Speaker 4 (01:14:37):
Yeah, it's gonna come out next month.

Speaker 6 (01:14:38):
They have their annual next week, well, they have their
annual conference next next week.

Speaker 2 (01:14:43):
Would be two weeks really again, Yeah, they have.

Speaker 6 (01:14:45):
Yeah, they have their annual conference next week and that's
what they expect to announce it, and then after that
it will come out just kind of like.

Speaker 2 (01:14:51):
How Apple actually be available for Yeah, that's kind of.

Speaker 6 (01:14:53):
How Apple does their iPhone launches. They have their conference,
pre sales, then sale to the which speaking of Apple
iPhone seventeen, they're expected to have that going to the
public by the end of September on their normal historic.

Speaker 4 (01:15:08):
Days.

Speaker 7 (01:15:08):
Yeah, what is it the metals bringing out glasses.

Speaker 4 (01:15:15):
Dis Vision Pro.

Speaker 7 (01:15:16):
I thought they already came out with that's their.

Speaker 6 (01:15:19):
Newest one, but we display in a wristband where they
can control it, kind of like the Apple Vision Pro,
but much smaller.

Speaker 5 (01:15:25):
And so what we need to do and be on
the lookout for people with really goofy looks and glasses on.

Speaker 6 (01:15:30):
No, they look pretty. I mean the new ray band
ones look normal. I see I've worn them. No, I
haven't seen those, I'm saying, but they're just come out
with the ray Band version, the new version of those.

Speaker 4 (01:15:42):
They're sleek. They don't look like they got cameras in them.

Speaker 2 (01:15:44):
What's going on in your in your lembs?

Speaker 6 (01:15:47):
Nothing that I could see. It's more the camera on
the side, and then you have music that you can
listen to.

Speaker 4 (01:15:52):
These are different.

Speaker 6 (01:15:53):
I don't know this one that obviously it's not out yet,
but I don't think they're going to be bulky.

Speaker 4 (01:15:57):
And you saw how well Apple Vision Pro did not
very well.

Speaker 7 (01:16:00):
When you have those glasses on, you would think that
the sound quality wouldn't be too great for whatever reason,
because it's not actually inside of your ear. It actually
sounds really good, very well.

Speaker 5 (01:16:08):
Of the bone phones, Tod and I both you've used it, right,
The shots I call them bone, don't know what they're
actually called, but on your phone, so they're not in
your ear, so you can hear actually hear cars coming in,
people and things when you have your headphones on.

Speaker 2 (01:16:26):
Nice right, Yeah.

Speaker 1 (01:16:27):
No.

Speaker 3 (01:16:28):
And another company that unveiled their newest latest products was Google.
They came out with Google Pixel and they have a
couple of watches and smart buds and things like that.
People don't necessarily buy Google products the same way they
buy Apple products or Android or Samsung or things like that,
so that's a weird nish they never seem to be
get into because Google Pixel. I've heard that the people

(01:16:48):
that do have it. Love them. They're really good phones,
but it never really gained a lot of popularity.

Speaker 2 (01:16:54):
That's a good point. Absolutely.

Speaker 6 (01:16:56):
Yeah, that phone seems really cool, but I'm not switching
from an iPhone for it.

Speaker 4 (01:16:59):
Yeah, take a bunch of pictures.

Speaker 6 (01:17:01):
Yeah, they had that, They had the whole They're very
good with the pictures and the editing.

Speaker 2 (01:17:05):
And all that.

Speaker 3 (01:17:05):
They have the best picture on the market.

Speaker 5 (01:17:07):
Well, you know, you're out there all the time. People
are saying you might taking a picture of us. You know,
you'll hear from time to time. I'm hiking, lady, but
you might take a picture over the Devin iPhone. Yes, yes, okay,
give me the phone that it was not the iPhone,
I don't think so.

Speaker 2 (01:17:20):
Or where do I push it? You know, where's the button?

Speaker 5 (01:17:23):
Where's the where's the learning curve of your noble Nordists
got a little bit this past week.

Speaker 7 (01:17:27):
I don't own any Novo Nordists, no more note or.

Speaker 5 (01:17:32):
Sebastian he was he was. I picked out him ndlessly
about Novo nordis not his idea. It's down sixty percent
for the year. I got a three percent, excuse me,
five percent higher on Monday after It's obesity drug well
Goby was approved by the US FDA to treat a
serious liver disease. Company also announced it's offering cash pain

(01:17:54):
US Patia US patience. I guess you call them uh
in diabeta treatment epic for less than half its monthly
this price. Now, we know that ozempic is inferior to
Lily's zep bound almost every tesk it's simply inferior.

Speaker 2 (01:18:12):
However, if you can get a half price, maybe almost
as good is enough? Is good enough?

Speaker 7 (01:18:18):
I would agree.

Speaker 5 (01:18:18):
You know, if you can lose twenty five pounds with
almost as good and thirty pounds by paying double Yeah,
I take the twenty five.

Speaker 3 (01:18:27):
I was five hundred dollars a month.

Speaker 2 (01:18:29):
You can buy.

Speaker 3 (01:18:29):
They're building out their own platform that you can buy
on their website or something.

Speaker 2 (01:18:32):
Yeah, a month. I didn't have price right soon.

Speaker 7 (01:18:36):
Yeah, I didn't pay attention to the call. But Viking
Therapeutics they reported their arnings this week and they were
down like forty five percent.

Speaker 5 (01:18:42):
Remember how that was going to be all the greatest, right, Yeah,
it was a lost drop. Forty percent on Tuesday, forty
percent on Tuesday. They've got an obesity pill that was
a big disappointment. I think whomever can come up with
an effective obesity pill, it's going to be the eight
hundred pound gorilla because that's what people want.

Speaker 6 (01:19:04):
Yeah, and trying to pick that company is tough. And
that's why the former companies are hard to invest.

Speaker 2 (01:19:09):
In, super hard, super hard, very volatile, because you know
what Trump's going to do. Lily got a nice bid
this week. Trump Trump seems like he's not going to
get carried away with the tariff's son.

Speaker 4 (01:19:18):
And then you just never know.

Speaker 3 (01:19:19):
You'll find a company that finally gets the oral version
and then the government's going to say it's an essentral
medication and they can't sell it.

Speaker 2 (01:19:26):
Yeah.

Speaker 6 (01:19:26):
It's like, if you pick the right company that finds
the best oral can't be too good version of it,
sell them the news, just take the profit, leave it
because it's going to get controlled by the government.

Speaker 5 (01:19:36):
Well that's why with the Intel and the government owning party,
who wants the government in their business?

Speaker 3 (01:19:41):
And I agree, like something you want to own, no,
I don't want.

Speaker 2 (01:19:43):
To be in.

Speaker 5 (01:19:44):
And I had a seventy four year old guy called
me last week and say he wanted to load up
on Intel because the government's going to buy it out,
and he thought the stock was going to double.

Speaker 2 (01:19:53):
No, until sixty days ago.

Speaker 5 (01:19:57):
This is the stock that was one of the worst
performing stocks on s and P five hundred kicked out
of the Dow.

Speaker 2 (01:20:03):
The president wanted the CEO to to quit.

Speaker 7 (01:20:06):
We'll just think about how like slow the federal governments is,
and then you're gonna bring them into the well.

Speaker 4 (01:20:11):
They have non voting shares, so that's what they just
hold them.

Speaker 7 (01:20:14):
That is a good thing.

Speaker 6 (01:20:15):
But it's still ten percent, and you know they're going
to influence the company somehow because they have tempersure.

Speaker 5 (01:20:19):
Absolutely, so, how things going at Lucid Automotive. This is
going to do a reverse split? Are they a ten
for one reverse split?

Speaker 7 (01:20:27):
That the kiss of death.

Speaker 2 (01:20:27):
That's the kiss of death.

Speaker 5 (01:20:29):
Now, there's only been one time. I've been doing this
for a few years, there's only been one time that
a reverse split has worked, and that was ge It
worked like a charm. It was just amazing. This is
not something you want to see happen as a shareholder.
This is a two dollars stock. It'll begin trading on
September second at ten times that and you watch it's

(01:20:50):
going to just go right back down. That's typically how
these things work. And that's my prediction. And have I
ever been wrong in my life?

Speaker 7 (01:20:58):
You think even with their you think even with their
Uber stick now that not Uber? Uh, well they're they're
in bed together. Saudi. Saudi Investment Funds owns a portion
of Uber.

Speaker 5 (01:21:12):
I'm sorry I was saying I didn't think it was Uber.
That was it gave them the twenty thousand unit order
with that Uber. Okay, sorry about that. And it's a
it's a car that I've never seen. It's an issue
be most of the looted vehicles to me look pretty
much like low riders.

Speaker 2 (01:21:26):
Right car. Yeah, they're likening town cars, Grandpa cars or whatever. Yeah,
I don't know.

Speaker 6 (01:21:32):
It doesn't seem like it's a good reason for them
to do a reverse split, but you never know. I
mean that is that is a good order.

Speaker 5 (01:21:39):
You watch it closed it close to it around two dollars. Uh,
We'll watch what it does over the next two or
three months.

Speaker 6 (01:21:44):
Well, mainly that's they do the reverse split when they're
two dollars because they want to stay listed, right, because
they go under five dollars, they have the bill, they
have the fear of getting unlisted and then there's all
that other issues that come with that. So they do
reverse split to stay listed, but they're down to two
dollars a share because their company isn't doing well right.

Speaker 7 (01:22:02):
And if we ever want, you know, if it gets
Steve listed and it becomes an o TC, now it's
very tough to become an investor in it because if
we have a client that wants to invest in OTC,
what do we have to go do go get a
form signed.

Speaker 4 (01:22:13):
Work or forms.

Speaker 3 (01:22:15):
The bigger, the bigger thing, because it's not really retail
people that are moving into the course institutional investors. Institutional
investments have perspectives that they're not allowed to invest things
under five dollars or under ten dollars, so when a
company gets that, they're forced to sell it. And Loose
knows this, so they're not they have to eventually get
their stock above that price or the pension fund that
they have a lot of money invested, and they're going

(01:22:36):
to lose that investor too done. So it's just a
survival mechanism.

Speaker 5 (01:22:40):
And they are backed by the Saudi government, So we'll
see you know, South East Sovereign find fifty.

Speaker 2 (01:22:45):
Yeah, they're not going broke.

Speaker 5 (01:22:47):
They're not going to go under I say that you
wouldn't think they'd go under the southeast involved in but
especially with the twenty thousand vehicle order from Uber.

Speaker 6 (01:22:57):
It's something to watch, but it's hard to invest in
something that just doesn't verse split reverse.

Speaker 5 (01:23:01):
When they do, it be interesting to watch. Just keep
an eye on Lucid, see what it does. It's gonna
be two dollars all next week, maybe a little bit lower,
and there's going to go to twenty on Tuesday.

Speaker 2 (01:23:11):
At the day after Labor Day. And let's see you
how quickly it gets back to ten m h.

Speaker 7 (01:23:15):
Keep an eye on it.

Speaker 5 (01:23:17):
My experience tell me it'll be back to ten pretty quickly. Now,
I mean I don't mean that day, but within a
matter of weeks.

Speaker 7 (01:23:22):
It'll be fun to watch.

Speaker 3 (01:23:24):
The nuclear space comes right back.

Speaker 2 (01:23:26):
You know.

Speaker 3 (01:23:27):
That's one of those spaces that I think is way
above its skis, beyond its skis now, right, it might
be price to where it should be for I mean,
none of this has happened, but it will happen, right,
so it deserves some type of premium. But it's at
a really big premium right now. So whenever there's a
cool down in this rally, that ETF for that space

(01:23:47):
is going to get hard because it's a hype space
right now. And then it came back up really big
on Friday because it's a hype space right And if.

Speaker 2 (01:23:54):
That case with any.

Speaker 5 (01:23:58):
Stock where the future is really it's always going to
be ridiculously expensive. It's always going to be hard to buy.
You got to kind of close your eyes and say, yeah,
I want some of that. We'll be back with the
final segment of The Money Matters Show. Again, we appreciate
your joining us. If you weren't here, it'd be kind
of saley, wouldn't it be?

Speaker 2 (01:24:16):
Right back?

Speaker 3 (01:24:20):
Welcome back to the Moneymatter Show. My name is Toddlick.
I'm here with Sebastian Borscini, Dylan Greenberg and David Surewood.
And remember you can get involved with our interactive financial
planning workshop by just going to our website Greenberg financial
dot com. You get a pop up and you can
register it on our event bright that's going to be
a La Paloma on September twenty sixth on Friday, it's
going to be eleven thirty to show up, have some

(01:24:41):
lunch for you, and then from twelve to two. We'll
go through an interactive demo financial plan showing you exactly
what the financial plan actually looks like if you want
to figure out what it would look like, so you
can actually book one and do one specific for you,
individualized based on your individualized financial situation. We've been doing
a lot lately, some complex ones even for business owners,

(01:25:03):
setting up four oh one k's and and doing some
planning around K one'es and W two. So it's fun.
You know, there's there's always a different plan, a different avenue,
someone's trying to take a different job, a different challenge
that someone has. So we're gaining more experience every single day.
Thanks to Dave, we have some experience already, so we

(01:25:24):
appreciate you.

Speaker 2 (01:25:25):
Hell, thank you, Yeah, thank you.

Speaker 5 (01:25:27):
I appreciate you guys. You guys teach me stuff every
single day. I've been doing this for forty four years
and people say, when you're you gonna retire? I said,
every day is different, Tomorrow's going to be different. I
want to see what tomorrow's on. Every day's fun.

Speaker 3 (01:25:39):
That's the cool thing about this job. You're always going
to have a different, different plan. You know, no person
is the same, so no situation is going to be
the same, and then no portfolio is the same either.

Speaker 5 (01:25:49):
And helping people and people saying please don't retire, please
don't leave, Please don't die, you know, until I do,
you know, depending on you like that, it's a nice feeling.
I like that, Hey, did you guys happen to see?
And I'm going to digress a little bit from from
the financial world. McCormick park. I don't know if you're
familiar with that park or not. It's midtown two son.

(01:26:11):
I want to say, country club for a low area
partially closed last week due to transient activity. Now I'm
thinking to what transient activity, drugs, the things that are
going on there?

Speaker 2 (01:26:25):
Is that? How we do it now?

Speaker 5 (01:26:26):
Why don't we get control of the situation rather than
taking the park off line and just give it to
them parks off line?

Speaker 2 (01:26:32):
Just yeah.

Speaker 5 (01:26:33):
I just the city likes to call the street people unhoused,
you know, And I don't have a problem that term that.
I think that's probably accurate. We know that many of
them are there by choice, some of the mental health issues,
drug issues, whatever, some homeless and to me that means
down on your luck. And I don't think the majority
of the people out there are homeless. I think unhoused

(01:26:56):
is probably a good term. They're going to get a
They're going to do as much they can get away with.
I mean, they're like children right as, They're gonna do
as much as they can get away with. And under
the current city government, that's quite a bit.

Speaker 2 (01:27:09):
You know.

Speaker 5 (01:27:10):
I live in the Fortlotle Historic District. We had a
water faucet that was used to water some of the
trees when the neighborhood was established twenty five years ago.
The end house were using it to bathe and then
letting it run all night, using it to drink, letting
it run all night, flooding portions of.

Speaker 2 (01:27:28):
Our neighborhood, running up the water bill. What did we
have to do? We had to have a plumber, common
cap it. I mean, in what world does that have
to happen? Right?

Speaker 5 (01:27:39):
One of the appealing things about Trump, and as I
watched Trump, he's one of these guys that we'll look
at something like that and say enough, Like with Washington, DC,
enough enough, We're done with this. Let's go back to
the way it's supposed to be law and order.

Speaker 4 (01:27:54):
Right.

Speaker 2 (01:27:55):
I like that. I like that. I wish we were
more like that. They passed in order.

Speaker 5 (01:28:00):
And here a couple of months ago where you couldn't
stand on the median and panhandle. They they don't enforce it.
They passed in ordinary. You couldn't camp in the wash.
It's not being forced.

Speaker 7 (01:28:17):
No, I was in the wash the other day going
for a run, and I saw like five six tenths.
It looked like a neighborhood out there. Looks like property
valleys are going to start decreasing. I mean, it's horrible.

Speaker 2 (01:28:26):
It's it can't in certain parts of town.

Speaker 6 (01:28:29):
It's also gotten bad in the wash the last year
is because we haven't had monsoons that run that river. Yes,
usually if you got monsoon season coming, they got to
pack up and go because they're gonna get caught up
in that river. But we haven't even had a monsoon
bad enough in the last years that I can remember at.

Speaker 4 (01:28:42):
Least that the river was running.

Speaker 7 (01:28:45):
And then and then you start to think, like driving
around town, look at how many homeless there are right now.

Speaker 4 (01:28:50):
It's August.

Speaker 2 (01:28:51):
It's unhoused.

Speaker 7 (01:28:52):
I'm sorry.

Speaker 2 (01:28:52):
I like that. I like that. It's hard not homeless.

Speaker 7 (01:28:55):
It's only gonna get worse.

Speaker 2 (01:28:56):
Well, if you coddle them.

Speaker 5 (01:28:59):
You know, you've got to, like the county has signs
all over the county, you know, to help social service agencies.
Don't don't help hand give them money, don't get money.
Every time you give them, one of these people money,
you're allowing them. I was one day at Circle Cane
or Toma Ma Kiel and I'd gone in and I'd
gotten changed, and there was a guy begging outside and
I had money in my hand, and what are you

(01:29:20):
gonna do? Okay, no, I don't have any money, right,
So I gave him a five dollar bill. He turned around,
went back in and got himself two little liquor bottles
and good night.

Speaker 7 (01:29:29):
I was talking to somebody and they help.

Speaker 2 (01:29:31):
Uh.

Speaker 4 (01:29:31):
They were for the city. They were helping like move
the camps and stuff. That's what they do. They go
in and do that.

Speaker 6 (01:29:35):
And he said that they've found people with like thousands
of dollars in their pockets. And they asked, why don't
you go get an apartment. You have the funds to
do it, you have the money, And they say, because
the camps are easier, life is easier.

Speaker 4 (01:29:45):
Why would we go do that camping?

Speaker 6 (01:29:48):
Yeah, And it's pretty much probably the panhandlers getting that
money they or selling drugs or something like that. I
don't know, but there and then there's another group of
people that do have houses that just go hang out
there during the day.

Speaker 2 (01:29:59):
We used to have we used to have a guy.

Speaker 5 (01:30:01):
We used to have a guy rivys Toyota down, park
it in our parking lot and go to the intersection
of Campbell River and panhandle and then get back in
to it and go home. It's the second job, maybe
it was a primary job.

Speaker 7 (01:30:13):
You need to stop enabling them.

Speaker 2 (01:30:15):
It's just one of those things. I think that if
you wanted to give them food, clothing, whatever, water, do that.
Don't give them money and just it's counterproductive. It's just counterproductive.

Speaker 3 (01:30:28):
I saw that in Atlanta, a food run city government
grocery store had to close down because they couldn't keep
the started stocked. They started it started once seven years ago.
There was a really funny little thing. I was just
so because it was like seven years ago. They were like,
we're starting this thing, and then like cut to seven
years later, like all the shell no one wants to

(01:30:50):
go there, Like it's becauesn't work.

Speaker 5 (01:30:53):
Be can the shelves being empty? Best buy down fifteen
percent this year. You guess how they're gonna get their
shelves full. They're launching third party marketplace kind of like Amazon.

Speaker 2 (01:31:03):
Right.

Speaker 5 (01:31:04):
What they're trying to do is they're trying to bulk
up a variety of merchandise that offers and reverse slower sales.

Speaker 2 (01:31:09):
They're taking a page from Amazon and Walmart.

Speaker 1 (01:31:12):
Uh.

Speaker 2 (01:31:12):
If you go on their website, you're going to.

Speaker 5 (01:31:14):
Find a lot of different things in evolving of revolving
around technology, right, which is what we think of when
we think of best Buy. But you're also going to
see other items kind of interesting. They've turned into a
Walmart slash.

Speaker 2 (01:31:30):
You know why? Yeah, because their sales are.

Speaker 3 (01:31:32):
Down and there because dying business model.

Speaker 2 (01:31:35):
Yeah, I get that. I get that. At the speaking
of dying business, how's your first sol are doing?

Speaker 3 (01:31:42):
What a wild week dying business model?

Speaker 2 (01:31:50):
If Trump want to prove any sower deal, Dave.

Speaker 3 (01:31:54):
We talking about your evsier dying business model?

Speaker 5 (01:31:56):
Yeah?

Speaker 2 (01:31:57):
What about four sales are growing every year? Solar?

Speaker 3 (01:32:01):
Is it?

Speaker 2 (01:32:02):
Huh?

Speaker 3 (01:32:02):
Do you know if Solar's growing?

Speaker 2 (01:32:03):
I think solars dying? Do you know that?

Speaker 5 (01:32:06):
Or you just say that I'm gonna make an executive decision.
I'm going to do an executive order that Solar is dying.
I'm just curious that what that means to First Solar,
what Trump's saying.

Speaker 2 (01:32:19):
Does it mean anything?

Speaker 3 (01:32:20):
Well, it was beyond they're talking and First were down
big and it popped.

Speaker 2 (01:32:25):
The other thing is lower interest rates will help that business.
But it was down. Wasn't it down on Friday?

Speaker 3 (01:32:31):
Four percent? Believe on Friday?

Speaker 2 (01:32:33):
I know it popped during the week, had a pretty
good weekend and it sold off.

Speaker 7 (01:32:37):
I thought, I thought Friday. I'm pretty sure that the
solar space had.

Speaker 3 (01:32:39):
A good week pop five percent on Friday? Yeah, ten points?

Speaker 2 (01:32:44):
Okay, what if closed a weekend or two? Okay, that's good.
That's good. So they're wild ride wild ride, very volatile
stock beta on that sucker. It's not points that No,
it's gonna be like one point that's gonna be that's
gonna be a one point five beta.

Speaker 3 (01:33:00):
Since point ninety six.

Speaker 2 (01:33:01):
Really point ninety six.

Speaker 3 (01:33:03):
It's only one year though, so I don't know that's
that's weird. The market's been volatile though. You got to
think about what the S and P went through in April, right,
I mean, it's not a typical S and P year
because the volatility the beta is against the volatility S
and P. The S and P went through a twenty
five percent correction and then rebound it. I mean, that's
a very volatile thing for an index to go through.

Speaker 5 (01:33:26):
What do we talk about since since the thirty four
percent off of thirty four percent off of the April
low forty percent off volatility right there, that's four months, right,
that's four months.

Speaker 3 (01:33:36):
Yeah, And it makes sense like some stocks did not
do that. They don't drop that bait. They didn't go
up that, you know, they So you can make a
case that just the S and P S has been
so volatile.

Speaker 5 (01:33:46):
And it also makes it also makes very good a
very good case for stain invested. And if you see
thinks the systematic investing, well, we do dollar cost averaging.
We do it all the time, Dylan, I do most
of the allocating dollar cost average. You know, every thirty
day should put some additional to work. No matter what
the market is doing, no matter who the president is,

(01:34:06):
no matter who's in Congress, IMA's get ensued, no matter
whether the war doesn't matter. Every thirty day boom boom boom,
boom boom. And if you have a four toh one
K and you're a younger person in thirties and forties,
you want the market to tank. The best thing that
could happen is for the market to tank fifty percent,
stay there for twenty years, and then double right when
you retire. So, uh, market weakness in at four o

(01:34:29):
one K, and don't be jumping in and out of
your four to one K. Just by the S and
P five hundred and leave it alone, forget about it.

Speaker 6 (01:34:35):
This year is looking pretty identical to twenty twenty. At
this rate. We dropped about thirty four percent in March
of twenty twenty, We dropped twenty five percent in early
April of twenty twenty five, and then you come roaring back.
That market ended up eighteen percent in twenty twenty.

Speaker 2 (01:34:52):
Interesting analogy.

Speaker 4 (01:34:53):
Absolutely, yeah, it's pretty parallel.

Speaker 7 (01:34:54):
I mean, obviously, world the SPACs are going crazy.

Speaker 4 (01:34:57):
No, that was twenty twenty one. Spacks started going a lot.

Speaker 2 (01:35:01):
They got one more. I'm dying to share right. Lazy
Boy down ten percent this year, but recline nearly twenty
percent on Wednesday.

Speaker 5 (01:35:09):
Yes, after a disappointing quarter that included a disappointing Guy's
got to get that in.

Speaker 7 (01:35:16):
Yeah, that was good.

Speaker 2 (01:35:17):
I'm glad I worked hard on that. I worked hard
on that all week.

Speaker 5 (01:35:20):
Marched down seventy percent in the last two years higher
on Wednesday, they're going to start selling their cars through Amazon.
Now Amazon didn't react to that because that's a very
small part of Amazon's business. But Hurt's going to start
selling their used cars through Amazon Marketplace, so watch for that.

Speaker 7 (01:35:38):
Competitors to Carvana, I.

Speaker 5 (01:35:41):
Don't think that it's not a big enough business for
them to really matter much. That's why this dock didn't pop. Anyway,
We're coming to the end of the show. We thank
you for joining us. Don't forget the seminar. We all
want to be happy, we all want to be healthy,
and at the end of the day, what we're trying
to do here at Greenberg financially is be profitable.

Speaker 2 (01:36:00):
See you next week.

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