Episode Transcript
How are you, mister Wheetrow.
Speaker 2 (00:04):
I'm fantastic, Fred, Happy Monday back after it.
Speaker 3 (00:07):
Yep, I got one week left and then I'm going
on vacation for the final two weeks of December.
Speaker 1 (00:11):
I'm looking forward to it.
Speaker 3 (00:13):
I think this might be the first time I've actually
got at least three weeks of vacation in in a year.
Speaker 2 (00:23):
Well, you deserve the time.
Speaker 1 (00:24):
Well, I'm supposed to get five, so I grab what.
Speaker 2 (00:27):
I can when I can. All are you?
Speaker 3 (00:31):
According to the headline, tech stocks did us in on Friday?
We were this close to all those records on Thursday
and Friday the tech stocks worst day in three weeks,
apparently for Wall Street.
Speaker 1 (00:46):
Give me some details.
Speaker 2 (00:48):
Yeah, that's absolutely right. For the SP five hundred, but
the that was down two and forty five, almost two
hundred and forty six points, but the hair or a
smidge over a half percent to the negative. The S
and P five hundred off seventy three points, which is
one point zero seven negative, and then Nasdaq off three
(01:08):
hundred and ninety eight points, which is one point six
nine percent. That tells you right there, the tech pretty
much was pushing to the negative. We had Oracle they
were down. We had they were down four and a
half percent, Broadcom which led the way, off eleven point
four percent, and Navidia off three point three. They're thinking, okay,
(01:32):
all these things went up. They've been saying, we're spending
all this money in AI. So now they're starting to question,
you know, where they getting all this money and is
this going to continue or isn't it going to continue?
So that's your big, big info on the tech If
you look at that sector, in the S and P
five hundred, in the technology sector, it was down two
point eight seven percent in a day.
Speaker 3 (01:56):
But a year to year, I mean it still looks
pretty decent, right, oh.
Speaker 2 (02:00):
Land, Yes, let's get the since we have two more well,
you have roughly three weeks left here in the year.
Year to date, that was up thirteen point nine and
I'm and you're right. I'm glad you asked this because
it feels like, oh nothing. You know, they tell us
things aren't good. I think they're good. You know, the
(02:21):
S and P five hundred up sixteen point zero eight.
The NASAC is up twenty percent year today. We'll take
that all day long.
Speaker 1 (02:33):
I'm not worried. I got my money with a good guy.
Speaker 3 (02:35):
I don't know if you've heard, Yeah, the holiday Sylvania,
uh huh.
Speaker 2 (02:43):
So we Wednesday, it's a good day. You check it out.
Speaker 1 (02:47):
Now, I know what. Now, those are a couple of
the smaller losers.
Speaker 3 (02:50):
We must have had some winners and some other losers
coming out of Friday, right, Oh.
Speaker 2 (02:56):
We did, we did. We had the companies that Okay,
if you look at tech tech you neither big businesses,
you know, investing in each other and doing things for
the eventually get to the public. But what really drove
the market this week we're on Friday was the companies
that we go out and participate with, like Chipotle rose
(03:16):
three point six percent, McDonald's went up two point three percent,
Norwegian Norwegian Cruise Lines went up one point six and
lul lul Lemon bounced back at nine point six percent.
That's a pretty good yeah, could jump for them, right,
and you know, PG and E up two point two three.
(03:37):
So it just kind of shows you sometimes when tech
gets gets bid a little bit our stuff that we
go out and participate in, like buy some Lulu Remens
stuff for Christmas. You know, they had good earnings so
fully coming back. So three point sixty four, So good.
Speaker 3 (03:52):
As we look at this week then, because as you mentioned,
we've got like three weeks left to the year, will
things kind of slow down as far as earnings reports,
And because we still are anything despite the fact that
the government is open, they still aren't releasing the reports,
it seems like, and people aren't believing the reports when
(04:13):
they do release them.
Speaker 1 (04:14):
So what do we look for in the next three weeks.
Speaker 2 (04:17):
We're getting some economic reports coming out. This is it's
a signy thing moving. We have home builders confidence coming
out today at ten o'clock. Tomorrow, we have unemployment rate
coming out, hourly wages, which we want to want look
at those because we need wages to increase and that's
what's really going to help with the economy. We have
retail information coming out tomorrow. So there are some reports
(04:40):
coming out. But here we are close to Christmas bread
and our minds are out, hey do I you know
Christmas coming quick? And I'm thinking, oh boy, I got
to go to the store or order something, you know,
can I get it delivered in time? And then I
got to wrap the crazy things. So my mind's on
that too. Yeah, that was just like a lot of.
Speaker 3 (04:55):
Others, fewer and fewer people are paying attention, which might
be a good thing.
Speaker 1 (04:59):
Actually, let your let your financial guide.
Speaker 2 (05:02):
Take the money.
Speaker 3 (05:03):
All right, well, I'll let you do that. Then should
be a fairly easy week. We'll talk to Tim again
in the morning if you need to reach out before
then four one nine eight two four thirty three one
hundred timw at wtroadvisors dot com. You can also find
them on LinkedIn and on Facebook if you want to
(05:24):
go that route.
Speaker 1 (05:25):
That's easy to do.
Speaker 3 (05:27):
Advisory services are offered through Capital Investment Advisory Services. LC
securities are offered through Capital Investment Group, a member of
NRA SIPC
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