August 29, 2025 • 5 mins
Two of the indexes saw records set on Thursday. Tim has the details and takes a look at the expected report this morning and the Labor Day break
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Bred, it's like we trow Wednesday every day.
Speaker 2 (00:03):
Now the mark is just going up. It's great.
Speaker 1 (00:06):
I mean, we're living great. And then you're dealing whatever
was going on in the I thought I lost you. Yeah,
we have blank for a minute there. Who but we're
with you. I'm doing good, Fred, Sorry about that.
Speaker 3 (00:17):
Yeah.
Speaker 4 (00:17):
And according to the headlines, stocks added a little bit
to their records.
Speaker 3 (00:21):
The SMP hit a second record.
Speaker 4 (00:25):
High in a row, and now Jones reversed their slide.
Speaker 3 (00:29):
They gained enough to move past their record.
Speaker 4 (00:31):
The only one that didn't hit a record, but it's
very very close is the Nasdaq.
Speaker 3 (00:36):
So give us some numbers. What happened yesterday?
Speaker 1 (00:38):
Yep, Yeah, let's take a peek. The DAD was up
seventy one, almost seventy two points to point one six percent,
s and P five hundred up twenty points, which set
a record two day.
Speaker 2 (00:49):
In row point three to two or yeah, point.
Speaker 1 (00:52):
Three two percent, and then Nazak up one hundred and fifteen,
which closed a little bit half percent higher.
Speaker 2 (00:58):
Right now, the futures are pointing down because we.
Speaker 1 (01:00):
Have the PCE at eight thirty this morning, they're gonna
come out. That's a favorite Fed measurement of inflation, and
I'm kind of wondering about this one might tick a
little bit higher, but they're expecting it to stay about
the same, which is at two point six. That's what
they're expecting. So it'll be interesting because the PPI last
week or the week before came a little hotter than expected.
(01:22):
So we'll take a look.
Speaker 2 (01:23):
But we had the S and P five hundred and
fifty five of percent of the company's close lower.
Speaker 1 (01:29):
Let me say again, even though the SPP was up
fifty five percent of those companies, because Lord, what pulled
it along is technology and communications, and I look at
those as both almost both techy because you have Meta
in there, you have Brizon, you have all.
Speaker 2 (01:45):
The tech companies in those two sectors, and.
Speaker 1 (01:47):
They make up forty a little over forty three percent
of the S and P five hundred diversified. No, that's
a lot of technology, a lot of AI stuff in
one area, and it's dragging it along. And as we
look at.
Speaker 2 (02:01):
Some of the winners and losers, a.
Speaker 1 (02:03):
Lot of the losers that we know, these big names
like Dick Sporting Goods and these companies are beating, you know,
their expectations for the quarterly reports that come out there.
But then they're saying.
Speaker 2 (02:15):
Okay, tariffs, tariffs, tariffs are going to hit.
Speaker 1 (02:17):
Us, and that's what pulls these companies down. But Dick's
fell four point eight percent, Victoria's Secret closed point five percent.
Speaker 2 (02:25):
Lawyer.
Speaker 1 (02:26):
One of the positive ones was Burlington Stores. They were
up by point three. But man, I got to shed
another tear. You know, we've had problem with schmuckers in
the jelly spam.
Speaker 3 (02:37):
All those them on spam.
Speaker 1 (02:41):
They sank, Hormel sank thirteen point one. Wow, you don't
have spam in your in your kitchen. I don't know
what you know, what's.
Speaker 3 (02:50):
Going on there.
Speaker 4 (02:51):
Spam was a staple when we were seriously because my
dad would get laid off every year during changeover in
the automobile industry.
Speaker 3 (03:00):
Spam was a staple in our house.
Speaker 2 (03:03):
Okay, let me ask you, Fred, let me ask you question.
Speaker 1 (03:08):
When's the last time you ate spam?
Speaker 3 (03:09):
Oh, it's been a long time. It's been a long time.
Speaker 4 (03:12):
But when we were when we were, when we were
kids and you had five or six people in the
house plus parents, you had spam.
Speaker 3 (03:20):
There was no getting spam and mashed potatoes. That was it.
Speaker 2 (03:26):
The Genie report yesterday, this first revision, yeah, came in.
Speaker 1 (03:31):
Came in oll higher, which was good news. They were
expecting three point one. It came into three point three.
So the GDP is growing, which is a good thing.
Speaker 3 (03:41):
I thought we didn't trust revisions. I thought revisions were bad.
Speaker 1 (03:45):
That's employment, that's employment stuff.
Speaker 3 (03:48):
Okay, I'm just checking. I'd like to be on the
same page.
Speaker 2 (03:52):
I know, pending home sales down a little bit, but.
Speaker 1 (03:56):
Good news for homes. The thirty year mortgage rate drop to.
Speaker 2 (04:02):
A ten month low.
Speaker 1 (04:03):
It's currently sitting in around six point five to six percent.
Speaker 3 (04:07):
All right, Yes, that is good news.
Speaker 4 (04:10):
So there was a lot of good news yesterday today
and depending on what happens with these numbers, and announced
that if we could go onto the weekend really really
well Monday, of course the New stock market won't be open.
Speaker 3 (04:22):
It's going to be Labor Day.
Speaker 4 (04:23):
So the next time we'll talk to Tim will be
on Tuesday. What are the what are the futures looking
like this morning? And what happened overseas well?
Speaker 1 (04:33):
Right now the futures are pointing down ahead of the
PCE number coming out overseas, we have the euro market
is down. We had the foot seat down twenty nine points,
the decks down one hundred and twenty one. The CAC
France is down forty points. We have the knee k
down one hundred and ten, which is a quarter percent down.
(04:54):
Hangs saying, though is up seventy eight points, and the
Shanghai is up thirty two.
Speaker 4 (04:59):
Okay, all right, you keep an eye on that stuff.
I hope you'll be celebrating after eight thirty this morning,
and we'll talk to Tim again on Tuesday.
Speaker 3 (05:06):
Now if you need to.
Speaker 4 (05:06):
Get a hold of him before then, four one nine
eight two four thirty three hundred, Timwatwetroadvisors, dot Com, Facebook
and LinkedIn. Also they have a presence there if you
want to reach out there, all right, and you can
sign up for the weekly newsletter the free weekly newsletter.
Advisory services offered through Capital Investment Advisory Services LC and
(05:34):
securities are offered through Capital Investment Group, a member of FINRA,
SIPC THSE.
Speaker 3 (05:43):
We go into the
Bred, it's like we trow Wednesday every day.
Speaker 2 (00:03):
Now the mark is just going up. It's great.
Speaker 1 (00:06):
I mean, we're living great. And then you're dealing whatever
was going on in the I thought I lost you. Yeah,
we have blank for a minute there. Who but we're
with you. I'm doing good, Fred, Sorry about that.
Speaker 3 (00:17):
Yeah.
Speaker 4 (00:17):
And according to the headlines, stocks added a little bit
to their records.
Speaker 3 (00:21):
The SMP hit a second record.
Speaker 4 (00:25):
High in a row, and now Jones reversed their slide.
Speaker 3 (00:29):
They gained enough to move past their record.
Speaker 4 (00:31):
The only one that didn't hit a record, but it's
very very close is the Nasdaq.
Speaker 3 (00:36):
So give us some numbers. What happened yesterday?
Speaker 1 (00:38):
Yep, Yeah, let's take a peek. The DAD was up
seventy one, almost seventy two points to point one six percent,
s and P five hundred up twenty points, which set
a record two day.
Speaker 2 (00:49):
In row point three to two or yeah, point.
Speaker 1 (00:52):
Three two percent, and then Nazak up one hundred and fifteen,
which closed a little bit half percent higher.
Speaker 2 (00:58):
Right now, the futures are pointing down because we.
Speaker 1 (01:00):
Have the PCE at eight thirty this morning, they're gonna
come out. That's a favorite Fed measurement of inflation, and
I'm kind of wondering about this one might tick a
little bit higher, but they're expecting it to stay about
the same, which is at two point six. That's what
they're expecting. So it'll be interesting because the PPI last
week or the week before came a little hotter than expected.
(01:22):
So we'll take a look.
Speaker 2 (01:23):
But we had the S and P five hundred and
fifty five of percent of the company's close lower.
Speaker 1 (01:29):
Let me say again, even though the SPP was up
fifty five percent of those companies, because Lord, what pulled
it along is technology and communications, and I look at
those as both almost both techy because you have Meta
in there, you have Brizon, you have all.
Speaker 2 (01:45):
The tech companies in those two sectors, and.
Speaker 1 (01:47):
They make up forty a little over forty three percent
of the S and P five hundred diversified. No, that's
a lot of technology, a lot of AI stuff in
one area, and it's dragging it along. And as we
look at.
Speaker 2 (02:01):
Some of the winners and losers, a.
Speaker 1 (02:03):
Lot of the losers that we know, these big names
like Dick Sporting Goods and these companies are beating, you know,
their expectations for the quarterly reports that come out there.
But then they're saying.
Speaker 2 (02:15):
Okay, tariffs, tariffs, tariffs are going to hit.
Speaker 1 (02:17):
Us, and that's what pulls these companies down. But Dick's
fell four point eight percent, Victoria's Secret closed point five percent.
Speaker 2 (02:25):
Lawyer.
Speaker 1 (02:26):
One of the positive ones was Burlington Stores. They were
up by point three. But man, I got to shed
another tear. You know, we've had problem with schmuckers in
the jelly spam.
Speaker 3 (02:37):
All those them on spam.
Speaker 1 (02:41):
They sank, Hormel sank thirteen point one. Wow, you don't
have spam in your in your kitchen. I don't know
what you know, what's.
Speaker 3 (02:50):
Going on there.
Speaker 4 (02:51):
Spam was a staple when we were seriously because my
dad would get laid off every year during changeover in
the automobile industry.
Speaker 3 (03:00):
Spam was a staple in our house.
Speaker 2 (03:03):
Okay, let me ask you, Fred, let me ask you question.
Speaker 1 (03:08):
When's the last time you ate spam?
Speaker 3 (03:09):
Oh, it's been a long time. It's been a long time.
Speaker 4 (03:12):
But when we were when we were, when we were
kids and you had five or six people in the
house plus parents, you had spam.
Speaker 3 (03:20):
There was no getting spam and mashed potatoes. That was it.
Speaker 2 (03:26):
The Genie report yesterday, this first revision, yeah, came in.
Speaker 1 (03:31):
Came in oll higher, which was good news. They were
expecting three point one. It came into three point three.
So the GDP is growing, which is a good thing.
Speaker 3 (03:41):
I thought we didn't trust revisions. I thought revisions were bad.
Speaker 1 (03:45):
That's employment, that's employment stuff.
Speaker 3 (03:48):
Okay, I'm just checking. I'd like to be on the
same page.
Speaker 2 (03:52):
I know, pending home sales down a little bit, but.
Speaker 1 (03:56):
Good news for homes. The thirty year mortgage rate drop to.
Speaker 2 (04:02):
A ten month low.
Speaker 1 (04:03):
It's currently sitting in around six point five to six percent.
Speaker 3 (04:07):
All right, Yes, that is good news.
Speaker 4 (04:10):
So there was a lot of good news yesterday today
and depending on what happens with these numbers, and announced
that if we could go onto the weekend really really
well Monday, of course the New stock market won't be open.
Speaker 3 (04:22):
It's going to be Labor Day.
Speaker 4 (04:23):
So the next time we'll talk to Tim will be
on Tuesday. What are the what are the futures looking
like this morning? And what happened overseas well?
Speaker 1 (04:33):
Right now the futures are pointing down ahead of the
PCE number coming out overseas, we have the euro market
is down. We had the foot seat down twenty nine points,
the decks down one hundred and twenty one. The CAC
France is down forty points. We have the knee k
down one hundred and ten, which is a quarter percent down.
(04:54):
Hangs saying, though is up seventy eight points, and the
Shanghai is up thirty two.
Speaker 4 (04:59):
Okay, all right, you keep an eye on that stuff.
I hope you'll be celebrating after eight thirty this morning,
and we'll talk to Tim again on Tuesday.
Speaker 3 (05:06):
Now if you need to.
Speaker 4 (05:06):
Get a hold of him before then, four one nine
eight two four thirty three hundred, Timwatwetroadvisors, dot Com, Facebook
and LinkedIn. Also they have a presence there if you
want to reach out there, all right, and you can
sign up for the weekly newsletter the free weekly newsletter.
Advisory services offered through Capital Investment Advisory Services LC and
(05:34):
securities are offered through Capital Investment Group, a member of FINRA,
SIPC THSE.
Speaker 3 (05:43):
We go into the
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