Whetro Morning Market Update Dec 2

Tim takes a look at  what happened on Wall Street Monday and how numbers might be affected the rest the week. 

Episode Transcript

Speaker 1 (00:00):
How are you, mister weetrow Bred.

Speaker 2 (00:03):
I'm fantastic, And I heard you say that you're going
to take a vacation for two weeks. We don't want
you out the door because we like listening to you.
But Ma and I need that market. I'm on strong.

Speaker 1 (00:12):
That's what I figured, you know.

Speaker 3 (00:14):
I thought, if I can help the economy even just
a little bit by spending money during the holiday season, yep,
I'm going to take two weeks off and just empty
my wallet.

Speaker 2 (00:24):
Do you already give her? Fred, And we appreciate it.
We had a sacrifice for us.

Speaker 3 (00:29):
So yesterday, yesterday, we gave back some of what we gained.

Speaker 1 (00:33):
At the end of last week.

Speaker 3 (00:34):
And I'm not gonna say that he coming back to
work had anything to do with the losses, but it
does seem a little bit weird.

Speaker 1 (00:42):
Why don't you give us some of the details what happened?

Speaker 2 (00:45):
Yeah, that it does, Fred, But we just had a pullback.
We broke the five day winning streak for the S
and P. But it's not as bad as what it looks.
The Dow was down four hundred and twenty seven. It
SE's dang, that's a big number. Well, the that was
trading a large number. So it last closed at forty
seven nine, so four to twenty seven isn't so bad.

(01:05):
It's just shy of a percent at point nine zero.
But you know, as we said yesterday, year to date,
it's up eleven percent, so we're all right. Think P
five hundred down thirty six point four six points, which
is a little over a half percent, and the Nasdaq
was off eighty nine point seven six points, which is
point three eight of a percent, and that's above twenty

(01:27):
percent year to date. We're having a pretty strong year,
even though it feels like our economy is slowing, but
the stock market has been moving in the right direction
so far. We'll see if we can close it out
in the end of December, but we're getting close.

Speaker 3 (01:41):
Yeah, And remember, the stock market is not your economy.

Speaker 1 (01:45):
It's not what happens around the center table. That's not
what happens at the grocery store.

Speaker 3 (01:49):
It's people who are invested in companies that sometimes, you know,
make pretty big cuts when it comes to employees and
double up on their stock and all that kind of stuff.
So if you're invested, you're very very happy right now.

Speaker 2 (02:02):
I know I am. That is true, So yeah, I mean,
everything's going to go up and down. That's why I
always give you those long term like year to date,
looking at the whole bigger picture. And that's what you
really have to do, because it's easy to get caught
up in the minutia listening to everything. We get our
data so quick. Yeah, we hear everything it goes on.

(02:25):
I mean we're on the internet, you know, the news,
the radio, everything's given us news and we're bombarded with
it and it kind of gets you down sometimes if
you let it. So take the positive look look at
the longer picture.

Speaker 1 (02:37):
All right, So who are the winners yesterday? Anybody in particular?

Speaker 2 (02:41):
Oh yeah, we had several winners of it. Here, give
him in front of me. We had Synopsis. It's got
four point eighty five. They had some talks with Navidia
of the video buying some of their stocks, so of
course that pushed it up at four point eight five percent.
We had Decker Outdoor of four point five three percent.
APP eleven is up four percent. JB. Hunt, which is

(03:04):
your transport company, up three point three to two. Even
Walt Disney came in at two point two zero percent,
So good for Walt Disney and then we had on
the down side, we had Maderna off seven percent, Coinbase
which has a lot of bitcoin, minus four point seven six, Broadcom,

(03:26):
which has been going up recently, it was off four
point one nine. The robin Hood market's off four point
h nine. And you know, when you talk about those
different trading markets, a lot of them have to do
with the bitcoin, and as we know, robin Hood fell
four point one percent. But if you look at the
price of bitcoin again, in October it was one hundred

(03:47):
and twenty five thousand, and it's dropped towards eighty five thousand,
five hundred and it's currently if you look at the
one month, it's off twenty one point one nine percent,
but you're today it's top six point sixty seven. So
it's not so bad when you look at the year
to date. So if you have your big coin, you

(04:08):
saw it go up. It's coming back a little bit.
But it's a vouid ale investment.

Speaker 3 (04:12):
Yeah, and people who invest in it know that they
know at some point it's going to come back down.

Speaker 1 (04:17):
Caple up all the time.

Speaker 3 (04:18):
Are we looking at anything in particular today that's going
to give us a good we tro Wednesday tomorrow.

Speaker 2 (04:25):
Goodness, I hope. So we have we have some companies
coming out with earnings. Yeah, we have CrowdStrike coming out,
holdings that coming out after the bell. We have a box,
we have United Natural Foods. So we have some companies
coming out. Uh. And then on the economic calendar it
comes up here. Not a whole lot coming out today,

(04:47):
but we have auto sales. But tomorrow we have the
ADP employment report coming out.

Speaker 3 (04:52):
All right, all right, I'll let you keep an eye
on that stuff. Tomorrow morning. We trow Wednesday. Of course,
Tim will join us once again at six thirty five
if you need to reach out to him before then
four one nine eight two four thirty three hundred. Timw
at retroadvisors dot com, also on Facebook and LinkedIn. Advisory

(05:12):
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