Episode Transcript
How are you, mister wheetrow.
Speaker 2 (00:03):
Bred. I'm fantastic, But yeah, you need to go on
vacation because the last time you had I agree with
the talk back. You're rad and the market did well
when you were gone.
Speaker 3 (00:12):
Well, I know.
Speaker 1 (00:13):
And I'm leaving.
Speaker 2 (00:14):
I'm leaving.
Speaker 1 (00:15):
I don't know.
Speaker 3 (00:16):
I don't know if investors will already, as we say,
bake it into the activities today, but maybe we should
let Wall Street know I'm taking vacation starting at nine
o'clock tomorrow morning, so hopefully Friday will be a really,
really good day on Wall.
Speaker 2 (00:33):
Street, Brad. The indication is they're getting wind that you
are because we have, you know, the pre market activity
is good. Interest rates are coming down a little bit
this morning. I mean ten, you're sitting at four point
one three two, you're sitting at three point four to six,
So the interest rates came down a little bit. They
talked about the barrel of oil jumping yesterday, which we'll
(00:55):
get some companies that did well with that, but it's
sitting at fifty eight cents, so it's it's back down,
and gas prices are down a few cents, you know,
nationally and in Ohio two dollars, and you're right, the
president might have said one ninety nine or two dollars gas.
He's off just a dollar because national average is two
eighty nine cents. So, but yesterday, if we get to
(01:18):
the kind of the the regular news or yesterday's news,
the Dow was off two hundred and twenty eight points,
which is point four to seven percent. The Nasdaq is
off four hundred and eighteen, which is one point eight
one and the S and P five hundred is off
seventy eight points, which is one point one six percent.
(01:40):
But be reassured, y're today the Dow is over twelve
percent up, the S and P five hundreds over fifteen percent,
and Nasacs around nineteen. So it's just a four days
pull back. It's been kind of a rough month or so,
and if you look at the culprits, we know it's
been the tech industry that's been pulling back, between communications
(02:04):
and technology sectors in the SMP. If we look at
the three month on those two sectors in the sp
the communication sector is only positive point five percent in
three months and the technology sector in the S ANDP
OI Energy is up for three months one point five
they're so up. But yeah, they've been taking it on
(02:25):
the chin lately, but we'll really ran.
Speaker 3 (02:28):
Yeah, and I wonder if investors are doing this to
themselves because they're the ones they in.
Speaker 1 (02:35):
The analysts are the ones who are saying why. I
don't know.
Speaker 3 (02:38):
I think these AI prices are they've they exploded, they
exploded too fast, they exploded too high. I think we're
expecting a bubble, a bubble to burst. So it's it's
the investors and the analysts who are saying that, and
it's almost as though they're scaring themselves into taking the
prices lower on those things.
Speaker 1 (02:58):
I don't get it.
Speaker 2 (03:00):
Yeah, you have the news out there, and usually if
you keep saying that, people tend to oh, maybe it
is a bubble, and you're correct. But we're also at
the end of the year, so some companies or some
big companies or investors are taking profits. They made a
lot of money. Hey, I'm going to take it at
the end of the end of the year here, and
that's some of it too, So we're kind of limping
(03:20):
to the end of the year. But we still have
two more week spreads leaving, so hey, you should have.
Speaker 3 (03:25):
A big party, and that they go right, I do
have a question, Adam wants to know. He says, can
you can you ask Tim if the FED buying forty
trillion in TA bills treasury bills would be considered quantitative easing.
I haven't heard about that.
Speaker 1 (03:45):
Is that? What's been is that what happens.
Speaker 2 (03:47):
They're actually they're actually pushing money out there, which they're
going to cut rates, we hope. Again, we don't know when,
but they're meeting that this year, they're meeting next year,
and I don't have those dates in front of me, Okay.
Speaker 1 (03:58):
But sometime in January probably.
Speaker 2 (04:01):
I believe. So yes, yeah, all right, we'll keep that
news tomorrow.
Speaker 1 (04:05):
All right, anything today what we should watch for.
Speaker 3 (04:07):
I know we've got a couple of more reports coming
out and we'll have to wait and see.
Speaker 1 (04:12):
Ever since the government finally got back.
Speaker 3 (04:13):
To business, we've been getting reports, but they haven't exactly
been what most people expected.
Speaker 2 (04:19):
Yeah, we have coming out today. We have the initial
jobless claims. We have Consumer Price Index the CPIS. We're
going to get that measurement on inflation. So I'm also
looking at Philadlpia manufacturing survey, so we'll see how the
manufacturing is going to well.
Speaker 3 (04:36):
And Damien says FedEx will be reporting their earnings today
after the bell, so that could be an important one
with all the holiday shipping that goes on. Well, Tim
will keep an eye on all of that stuff, and
we'll speak with him tomorrow before we both take vacation
for a little while.
Speaker 1 (04:53):
Now if you need to get a hold of.
Speaker 3 (04:54):
Them before that four one nine eight two four thirty
three timw at Weetrowadvisors dot com, also on Facebook and
on LinkedIn. Advisory services offered through Capital Investment Advisory Services.
(05:15):
LC Securities offered through Capital Investment Group, a member of
FINRA SIPC
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