Episode Transcript
Bread. I am fantastic. I'm happy to be back, even
though getting up at five thirty isn't that easy all
the time. But hey, and I will say something to you.
You and I need to take a week off once
a while. Look what the market did? I know I couldn't.
Speaker 2 (00:14):
We had a great week. I great week. We rebounded, and.
Speaker 3 (00:18):
I paid no attention to it during the week. I
didn't even look at it. I looked at it yesterday
afternoon for the first time, and I saw the headline.
Stocks rise for a fifth straight day, closing on a
follow till month.
Speaker 1 (00:31):
But you know what, we made.
Speaker 3 (00:32):
It through and even the year today, stuff still looks
pretty good.
Speaker 1 (00:36):
Give us a rundown, Yeah, you bet you. The Dow
was up two hundred and eighty nine points on Friday,
which is point six one percent. The five day is
up two point seventy three. Although we meet it on
the Dow a little bit positive for the month s
a P five hundred, up thirty six and a half points,
which is a half percent, and for the five days
(00:58):
it's up two point one and it's a little bit
positive for the month.
Speaker 3 (01:03):
Okay.
Speaker 1 (01:04):
Then the NASAC was up one hundred and fifty one points,
which is point sixty five of percent. The five day
is up five point eighty three, just a little negative
for the month, but overall you're right. Year to date,
I'll recap that because we're in the last month of
the year starting today, happy December. The Dow is up
twelve point one six year to date, the S and
(01:24):
P five hundred is up sixteen point four or five
year to date, and the Nazak is up twenty one
percent date. Yeah. Yeah, I'll take that all day long.
Speaker 2 (01:36):
Yeah.
Speaker 3 (01:37):
Now, we normally slow down in December two with the
holidays and everything, Guys taking time more off and all
that stuff. Is there a cyclical thing we should be
watching for.
Speaker 2 (01:48):
Well, like I said, we should all take some time
off if.
Speaker 1 (01:51):
We had the market do what it did last week.
But normally we tend to get a little pop on
a Christmas rally. But they're already.
Speaker 2 (01:58):
Warning us right now.
Speaker 1 (01:59):
I just read article. The people say it on the
news already today that we don't know about this Christmas rally.
Be careful out there because of the volatility. We know
text run up, and that's what people are concerned with
is did it go up too fast?
Speaker 2 (02:14):
I mean, shoot, it's been running two and.
Speaker 1 (02:15):
A half years here. But we had na video, the
big the big one.
Speaker 2 (02:19):
On the I Guess on the bus and the Vidio lost.
Speaker 1 (02:22):
One point eight percent. Friday, we had Talenteer thank sixteen percent.
Oracle fell twenty three. So that's some of the big
tech that was pulling back.
Speaker 2 (02:34):
What we're also watching is not this.
Speaker 1 (02:36):
Week, but next week we're gonna have the FED coming out.
Speaker 2 (02:39):
There's an eighty seven percent chance that.
Speaker 1 (02:42):
They'll cut rates again and that will stimulate the economy.
And they're all, well, you know, they're all getting there.
You know there, you know what's in a bunch here? Gosh,
that could cause inflation. Every time they turnround.
Speaker 2 (02:55):
They tell us it's going to cause implition.
Speaker 1 (02:57):
It's under three right now. It's not exactly at two.
It's closer to three. But let's try something a little different.
We need we need things to come down in price
a little bit. You know, gas is cooperating, but other
things are not. Or we need incomes to come up,
and the problem is people. The companies are starting to
lay more people off.
Speaker 2 (03:17):
That's not going to help with incomes.
Speaker 1 (03:19):
So we need something different to happen.
Speaker 2 (03:23):
Macy's fell point.
Speaker 1 (03:24):
Three of a percent, but Cole's gained one point four.
We're talking about these companies because we just you.
Speaker 2 (03:29):
Know, we all went shopping Friday.
Speaker 1 (03:31):
Dick's Sporting Goods they dropped point, you know, zero point
five percent, Abercrombie rose two point nine, American Ego game
point seven. But again, to make up those losses from
these big tech companies, it's tough to get these uh
scale everything moving. But that's where we're appring now. The
interest rate on the ten year is sitting at four
(03:52):
point zero four and the two years sitting at three
point or nine. And I mentioned gas, and boy, I
didn't see it this low this weekend.
Speaker 2 (04:01):
Yeah, Ohio two point sixty.
Speaker 1 (04:05):
Four cents the average in Ohio.
Speaker 3 (04:08):
Well that's the average.
Speaker 2 (04:09):
And I passed.
Speaker 3 (04:10):
I passed a couple of places that were over three
dollars and I had to look twice because I thought, oh,
that's probably diesel. And when I looked at the sign, no,
it wasn't diesel. It was three bucks and it was regular.
Speaker 1 (04:22):
Yeah, yeah, diesel sitting at three dollars and seventy three cents. Again,
I'm the kiss of death on that. As soon as
I talk about it.
Speaker 2 (04:29):
It usually goes up. You know, I would like it
below three seventy please.
Speaker 3 (04:34):
We all was it's gone, it's going down. But you know, again,
the season's changed, the gas mix changes, There's a whole
bunch of stuff that goes on with all of that.
So you got to go with the average. That's what
everybody basis is the average. So I'm fine with that.
And grocery prices are up. Yeah, you could get a
(04:55):
turkey for ninety nine cents a pound. Uh, but you know,
everything else that you had to to go along with it.
Speaker 1 (05:02):
All up, you know.
Speaker 3 (05:03):
So the cost of Thanksgiving dinner was very expensive for
a lot of people. And I think a lot of
people are going to be shopping today. It is Cyber Monday,
after all. Yep, Cyber Monday, so a lot of people
be online looking for special prices, and boy, they're out there.
And my email is full of offers from all of
the places like eBay and Amazon and everybody else is
(05:25):
selling something. Anybody I ever bought anything from kept my
email and sent me an email this morning, Hey we
got ten percent off. So yeah, cyber Monday is going
to be a Cyber Monday is going to be a blast.
Is there anything today that we need to keep an
eye out on.
Speaker 1 (05:43):
Yeah, we have manufacturing numbers coming out this morning at
nine ten o'clock. But we have the bed Chairman, Drome Powell.
He's going to speak tonight at eight pm. Wet's see
what he has to say later tonight.
Speaker 3 (05:55):
All right, excellent, We'll talk to you again tomorrow morning.
If you need to reach out to Tim before then,
we TROW Wealth Management four one nine eight two four
thirty three hundred. Tim w at Weetroadvisors dot com, also
on Facebook and LinkedIn. Advisory services are offered through Capital
(06:16):
Investment Advisory Services LLC. Securities are offered through Capital Investment Group,
a member of FINRA SIPC
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