Episode Transcript
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Speaker 1 (00:03):
The news you need to start your day, and the
bomb beaches at the Treasure Coast. This is the Brian
Mud Show. Hello, can stocks and cryptocurrencies go? My first
role money is never let your money in emotions cross paths.
Sure enough, if you do, you'll probably have less of it.
Probably not what you're going for when you're investing. But
far too often people make that mistake. Over ninety percent
(00:24):
of the time that people jump in and out, they
trade around, they try to time markets. They do worse
than if they just invested their money in left it alone.
All right, So the more we do, the more mistakes
we tend to make. I don't want you making those
emotional mistakes with money. I want you taking advantage of
the greatest wealth creation machine in the history of the world,
which is your United States stock market. So about as
(00:46):
we take a look what happened last week? Not a
good week. We had losses anywhere one to four percent
based upon your index of choice with the now the
S and P five hundred and Nasdaq year today gains
now anywhere eleven to nineteen percent. So you had the
NASAC have its worst week since April and the Liberation
Day terrorists went into effect. But the bigger focus, of course,
(01:10):
has been the partial government shutdown now and it's forty
first day. That's increasingly been in focus, but also the
disruptions in the economy. So obviously with the FAA reducing
air traffic and then all the ripple effects, all of
that has an economic impact, and so that's that's led
to investors to start to get nervous. We did see
(01:32):
the GDP growth rate that was essamonds there revised down
a little bit and that ended up winning the day.
Last week, we did have slightly positive news on the
ADP private sector jobs report that came in a little
bit stronger than expected, and also earnings which were super
strong again last week and have been for this earning season.
As a Friday, ninety one percent of companies reported earnings
(01:56):
for the third quarter, growth over thirteen percent your year
for earnings, a heck of a lot stronger than the
seven point nine percent expected. So really, you know, you
have some positives that are out there, and that's helps,
you know, support some of the expensive valuations we've had
for stocks. So much of what will be here is
(02:16):
going to be dictated by what comes next, and the
big relief rally that's getting ready to happen today on
Wall Street is related to this that went down last night.
Speaker 2 (02:29):
On this vote, the yas are sixty and the nayser
forty three fifths of the Senate duly chosen and sworn
having voted in the affirmative, the motion upon reconsideration is
agreed to.
Speaker 1 (02:40):
Yeah, So with the filibuster being broken in the Senate,
clearing the path for some votes that could end the
partial government shutdown this week, you are seeing a big
relief rally to start the morning. One of the other
thing's going to be closely watched. This is generally in
a really important week for economic data. You have the
inflation reports, the consumer price index, and the producer price
and X reports that are due out on Thursday. Those
(03:02):
could be delayed though with the shutdown situation, so that
is something to watch as well. Cryptos. What was bad
for stacks last week worse for cryptos losses of nine
to thirteen percent based on your token of choice gains
now only two to ten percent on the year. Can't
provide value analysis for them because they don't happen here
in value camp for stocks because they do using the
(03:24):
S and P five hundred as the benchmark. Your maximum
downside risks from here is forty seven percent, a little
bit less than last week. Keep you posted on everything
that will be