Whetro Morning Market Update July 25

Another up day on Wall Street, Tim has details

Episode Transcript

Speaker 1 (00:00):
Control. I'm fantastic for its Friday.

Speaker 2 (00:04):
You're a happy Friday, always fantastic and with good reasons.
Today though, because Alphabet and the AI stocks, or as
President Chalk would like to call them, the genius is
stocks nudge Wall Street. We saw more records yesterday. So
let's get into the meat of it. What are the
details on this one?

Speaker 1 (00:24):
Yeah, I think it's a lot more hype than what
than what's going on. I mean, we had the Dow
down three hundred and sixteen points, which is point seven percent,
but the SMP was at four points, which is point
zero seven. Here's the NAZAC got thirty seven, almost thirty
eight points, which is point one eight. Okay, so these
are huge, huge numbers. And if we look at where

(00:46):
we're at five days, the Dow is positive just under
a half percent, SMPS up one point zero five, and
the nazac's up point eighty three. Yeah, will take that
right now. The futures are pushing up a little bit,
but we seem to go back and forth with the
same news. AA's starting to lead the way. We're still

(01:06):
waiting on Powell to cut rates. Is he going to
cut rates? And I'm thinking about it for different analogies
of it. Yeah, people want to go out and buy
homes if rates go down instead of paying you know,
high sixes, seven percent, eight percent. I don't even know
if it's that eight percent, but you know the people
that own a home that had three percent or three
and don't want to sell it because the payments are
so low. So yeah, no, it was all clawed up. Yeah,

(01:30):
we're all clawned up, and something needs to happen to
break that to get the momentum moving. But looking at
some of the stocks we were talking about, Navidia rose
one point seven percent. We know, alphabet beat on both sides.
They were up one percent, which is actually point eighty eight.
But Chipotle down thirteen point three. Oh man, I thought everyone.

Speaker 2 (01:55):
For the spring.

Speaker 1 (01:56):
Exactly Again, we've had a lot of green coming up
there them both sides. But they're saying, well, you know,
for the summer, we just don't think things are going
as well. And I'll be curious on our next reporting
getting into September what things are going to look like.
So I don't think that is what they think, but
who knows.

Speaker 2 (02:14):
And don't forget August first, all the rest of the
tariffs are supposed to drop, and today's already July twenty fifth,
so we've only got like five or six days before
whatever the tariff decision, unless he extends it again. Before
whatever tariff decision is going to happen happens.

Speaker 1 (02:31):
We've had a lot of countries already already make deals,
so I think we're getting there, But you're right that
it's looming. And I know we're also looming with Russia.
You're getting like sixty days before people stop buying oil
from them or they're going to sanction them. But Tesla,
this is another stock, have a hard time eight point

(02:52):
two percent to the negative because of the electric subsidies.
I read an article that Musk was saying, you know,
it's going to be rough for a little bit because
of the subsidies, or of not subsidies, but because of
the I guess the tax benefits if you buy an
electric car. They're doing away with the big BB incentiles. Yeah, yeah,

(03:12):
to do that. So overall, you know, we've kind of
just been dancing around and we keep going back to
the same thing. Is the fatging to cut rates? Are
the tariffs going to hit us? You know where we
at if we look at economic news. We had no
one's saying much about it. Initial jobless claims it was
two earned twenty one thousand. It came in at tourned
twenty seven. Excuse me, they're expecting to earn twenty seven

(03:34):
and it came in it to earn seventeen down. And
that two hundred thousand level isn't a big deal. It's
relatively in line with normal times, so it surprised me.
The service industry or the service PMI, they're expecting fifty
three point two. It came in at fifty five. So
the service industry is bumping up, but the manufacturers slowed.

(03:55):
Just the hair and the new home sales. It was
six hundred and twenty three out and they were expecting
it to increase the six hundred and forty five. It
came in at six point twenty seven, so a little
bit more than last month, but not what they expected.
And again let's just talk about interestry.

Speaker 2 (04:11):
Are we getting any today? Are there any reports that
we're expecting today?

Speaker 1 (04:15):
Yeah, durable goods and durable goods minus transportations. We're going
to see the items that we used at last you know,
three to five years. Bigger items washers dryers. We're gonna
see if anybody's purchasing them. And again we have earnings
coming out. Bigger companies are coming out every day trying
to pull up with him and Briday.

Speaker 2 (04:33):
We have.

Speaker 1 (04:35):
Volkswagons coming out with those. Phillip sixty six is coming out,
and we have some smaller banks also.

Speaker 2 (04:41):
Coming out all right, and across Europe and Asia, a
lot of those markets went up.

Speaker 1 (04:45):
Paull.

Speaker 2 (04:46):
So I do have a question from a listener. Adam
wants to know. Could you please ask Tim if he
sees a disturbing trend with people leveraging AI to manage
or guide their invents, testing decisions instead of using a fiduciary.
Have you heard of that at all? Are people starting

(05:06):
to use artificial intelligence instead of coming to a real
person to look at their investments and guide their investments.

Speaker 1 (05:14):
I know there's been chatter about that a little bit,
but finding that and it goes back to there's always
something new that could happen. Yes, AI could come up,
but you have to feel comfortable with what you're doing
with your investments. And do people want to send their
assets or their money off to the computer to have
them do it? I haven't seen a whole lot of it.

(05:35):
I've just heard a little bit of chatter. Yeah, we'll
see all right.

Speaker 2 (05:40):
Well, knowing how things work here when everything that I
use is in the cloud, I'm thinking I'm going to
stick with you.

Speaker 1 (05:50):
It's easier to talk face to face and that's why, Yeah,
I work Fred. It's hard to do things on the computer,
and what if the electricity is down.

Speaker 2 (05:56):
Yeah, and having a face to face relationship with the
guy who's investing your money and watching your dollars, that's
the best way to go. You can always get a
hold of them by email, Facebook, all these kind of
things if you ever need help. All right, So hopefully
we'll have another good day today, we'll end up with
a winning week and we'll talk to Tim on Monday
morning if you need to reach them before that. Four

(06:19):
one nine eight two four thirty three hundred, timw atwetroadvisors
dot com, also on Facebook and LinkedIn. Advisory services are
offered through Capital Investment Advisory Services LLC. Securities are offered
through Capital Investment Group, a member of FINRA SIPC