Whetro Morning Market Update Aug 6th

A slight dip on Tuesday may seem troubling but look at the year to date numbers and you'll see we are stull having an up year. 

Episode Transcript

Speaker 1 (00:00):
Do you have to ask forred taste me for Wednesday?
But I'm going to say something to you though, Yes, sir,
I don't know how. I don't know how you do this.
I went to the Train concert last night. Oh no,
my arm went out. My arm went off this morning.
I thought it was Saturday or Sundays. Like, what in
the world? How do you do this?

Speaker 2 (00:20):
How was this show?

Speaker 1 (00:21):
To go to bed? Oh? They were, Fred, they were fantastic.
It was like listening to them on the radios. I
mean they were spot on fantastic. Where where was it at?
Was it was? Or was at the zoo? Oh? Great,
it's a great venue.

Speaker 2 (00:38):
Oh it is. I saw Earth Wind and Fire there
a couple of weeks ago.

Speaker 1 (00:41):
It is.

Speaker 2 (00:41):
It's a wonderful place to see your show. So and
they get over it early enough because of the neighborhood
that you can still get home in plenty of time,
you know.

Speaker 1 (00:51):
Apparently not for me, Fred, You know, I was well
past nine thirty, believe.

Speaker 2 (00:56):
Me, playing big baby.

Speaker 1 (01:01):
But anyway, here's the headline.

Speaker 2 (01:04):
US stocks slip following the latest discouraging signal. The signal
happened to be a report on business activity for service
industries like transportation and retail was a little bit weaker
than they thought. So let's take a look at that
and then remind everybody about the year to year because
I think we need to keep doing that so they

(01:25):
don't panic exactly.

Speaker 1 (01:27):
And it wasn't that bad. I mean it came in
those two We had two reports out usally that people
honed in on. We had the US USM Services which
slipped a little bit. It was at fifty point eight.
It came in at fifty point one. But then we
also had some positive views on the US Service PMI.
It was a fifty two point nine. It came in
at fifty five. So we had some you know, both sides.

(01:49):
But if we look how the market ended here, we
had the Dow. Of course, we started positive and then
we started giving back after those reports came out. Right,
the Dow was down sixty one points, which is point
one TiO four percent. S and P five hundred off
thirty which is almost a half percent, and the Nazak
was off one hundred and thirty seven, which is point
sixty five of a percent. But if we look where

(02:11):
we're at, like you mentioned, we're going year to date, right,
today's you know today's August or yesterday was August fifth,
so we have year to date that DALL is up
three point six eight s and P five hundred is
up seven point one to h and the NASAK is
up eight point three two. You go, if we don't
hear anything about tariffs, I'd be happy. But we're looking

(02:34):
at tariffs and will the Fed cut interest rates? But
we're gonna find a little more data next week. We
don't have a lot coming out this week, but next
week we have the CPI coming out, which is inflation.
Are these tariffs causing more inflation? Because we seem to
get a little bit of that now Edge well personal
care and you're like, no, no, world is edge. Well, well

(02:55):
they make shit banana bout they fell eighteen point eight.
But I'm going to blame it on all these people,
you know, supporting these beards and stuff. You know they're
not using chick don't get canned with banana bog. Now
we know the sun can cause some damage to us,
so we need to start using that stuff. But they're
having a hard time. Also American Eagle, the maker of

(03:19):
the jeans that we're talking about, And again it's funny,
but if we look at a five day they lost yesterday,
they get back some of their game, but they're only
up for a five day of four point twenty five.
If we look at the month, it's up sixteen point
ninety three, but six months is down twenty four percent.

(03:42):
You're the data's down twenty seven percent. One year down
thirty nine. So yeah, the spiked up them, but it's
not anything to write home to mom about. But it's
spiked up and spiked that down. Yeah, young brands get
out there at KFC, Taco Bell, Pizza Hut. I thought
they'd be booming, but it fell five point one percent.

Speaker 2 (04:02):
See that One's when I saw that one, it kind
of surprised me. Every time I've been out to eat recently,
and we just were at Nancy Used to celebrate our anniversary,
they were busy.

Speaker 1 (04:13):
Correct.

Speaker 2 (04:14):
We went to Applebee's. They're doing this two entrees for
twenty five dollars thing. We went on a Sunday night.
We went, they were jammed and I and I asked
the girl. I said, this seems kind of busy for
a Sunday night. It's not usually a night out at restaurant.
She said, yeah, we're really busy I said, are you
selling a lot of these two for twenty five deals?

(04:34):
And she said, almost everybody is ordering the two for twenty.

Speaker 1 (04:38):
Five right right anyway, And we get people in, but
you're right. I go in places you're waiting, trying to
get a seat, and it just keeps going on and on.
But on the up side, volunteer good earning seven point
eight percent. On the upside, ax ax On enterprises leaped
sixteen point four We talked about them before. We're the

(04:59):
ones that make ca zers body camera software, so they
leap sixteen point four percent. So a little mixed of everything.
Uh billbrow market was down yesterday, but again the futures
are pointing up today. But again I'm sure we'll hear
about tariffs.

Speaker 2 (05:16):
Intry day every single day. Are there any big reports
coming out today or do we have to wait until
tomorrow and Friday.

Speaker 1 (05:24):
We don't have a whole lot coming out today. We
just have some fed governor speaking, fed president speaking. But uh, Thursday,
we have anisue of jobless claims. To get a little
bit there, it's more pushing towards the next week.

Speaker 2 (05:36):
All right, Well, we'll keep an eye out for those.
You have a good wetro Wednesday, get a nap in
if you can. Uh so, wait a little while before
you called Tim at four one nine eight two four
thirty three hundred or email him Tim w at Weetroadvisors
dot com. You can also track them down on Facebook
and on LinkedIn. Advisory services are offered through Capital Investment

(06:01):
Advisory Services LLC, and securities are offered to Capital Investment Group,
a member of Funeral SPC.