Whetro Morning Market Update June 11

Whetro Wednesday and the numbers look good again following talks between China and the U.S. Tim also nawers a question about RMD's

Episode Transcript

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

Speaker 2 (00:03):
I'm fantastic today, Freddie. We true Wednesday, We tro.

Speaker 1 (00:06):
Wednesday, and you got numbers that are very very close
to our records which were set sometimes about the trade talks,
I predicted it yesterday. You you may not recall, but
I said that the American spokesperson would come out and
say that the talks are going very well, and if
he said that things would things would go up. And

(00:28):
that's exactly what happened.

Speaker 2 (00:31):
That is exactly what happened, Frett, and I agreed with you.
So we're yep, right. But it's a trend. Though it's Tuesday.
We get these good days and then we you a Wednesday.
It seems like when I come on Thursday, it's like, OK, yeah,
I can get them back a little bit. But futures
are pointing down right now. But I'm still going to
stay positive that I thinks will move up during the day.
But we will see. The now finished up one hundred

(00:52):
and five points, which is a zero point twenty five percent,
the S and P five hundred up almost thirty three points,
which is point five to five percent, and the Naazak
up one hundred and twenty three points which is point
six three. A lot of what we're seeing is tech
that keep smooth, keep hearing about big companies, uh, posting

(01:12):
good returns like Taiwan Semiconductors up two point six. But
but I have to brain on this parade. Well disappointed
one of my favorite stocks, J M. Smuckers. Oh no,
I now down fifteen point six, mixed, missed on revenue.

Speaker 1 (01:31):
So, uh, that's your fault.

Speaker 2 (01:32):
It took us.

Speaker 1 (01:33):
I'm putting that right on your shoulders, mister. You need
to get out here and stimulating.

Speaker 2 (01:43):
That's true. Tesla helped brace some of those losses though
it was up five point seven. Out of the eleven sectors,
there was only one sector that was negative, and that
was industrial sector. It was down point four to four
of a percent. Everything else was in the green. That's
when we have a good day.

Speaker 1 (02:01):
Excellent. And as I said yesterday, the American spokesperson came
out and in quotation marks, he said, the talks were
going really really well. Not just one really he said,
which would have been you know, hey, the talks are
going He could have said the talks are going well,
the talks are going really well. What he said was

(02:23):
the talks are going really really well. And man, they
did yesterday that that spurred investment a little bit. So
did that same thing happen overseas though? Did the Chinese
markets react also?

Speaker 2 (02:38):
We had, Yes, we had the Asian market the ni
K up two hundred and ten points almost ten, which
is point five to five, the hang Saying up two
hundred and four which is point eight four of a percent,
in the Shanghai up twenty nine which is point seventy five,
So a lot of green across the board in the

(02:59):
Asian mark. If we look at the European market FUTSA,
which is up seven points seven six points, this is
basically point zero nine percent to act the German index
almost up seventy two, which is point three to zero,
so things are moving in the right directions in US.
Really really you had the second Relli and it makes
that market go, Yeah.

Speaker 1 (03:18):
It really does. I've got a question from a listener,
Adam wants to know. Could you please ask Tim, is
there a way to protect your retirement in a down
market while you're taking your rmds Well, first of all,
and explain what an RMD is for people who don't.

Speaker 2 (03:38):
Know, as a required minimum distribution, If you have a
retirement account IRA, and the old rule was if you
were seventy and a half, there's a calculation that you
have to figure that you have to make a withdrawal
on that retirement money and expose it to taxes, and
we're doing and now it's moved to seventy three. So

(04:00):
if I turned seventy three this year, I have to
do a calculation all my retirement money and pull out
X amount. And you don't have to spend it, you
just have to pull it out exposed it to Texas.
And guess why we're doing this. It has to be
because the government wants money. You've deferred long enough. Yeah,
so they're going to tack it to you. As far
as protecting yourself, there are there are ways that you

(04:21):
can do it. But that's two in depth to sit
here and go through all the possible ways that you
can protect them.

Speaker 1 (04:25):
Yeah, because there's a lot of different ways. Yeah, because
I had because I had to do it this year
and you and you actually kind of warned me ahead
of time when we were talking about something else. He said, oh,
by the way, don't forget you've got an RMD coming up,
you know, and gave me some options and here's what
we can do with it. Blah blah blah. So there
are a lot of ways that you can handle it.

(04:46):
The ideal way to handle it is to have somebody
like Tim who knows what they're doing, and then you
can reach out to him a little bit later on
and set up that appointment, Go in for that appointment,
work with him like I do, and then all these
questions can be answered. In fact, some of them mayn't
be answered on Facebook. All right, So tomorrow is Thursday.
Recent history shows us that we have a great Wednesday

(05:09):
and then we take a hit on Thursday. Is there
something coming out today that that might cause that hit
that we're not aware of?

Speaker 2 (05:17):
I hate to say it, but the CPI is coming
out today. Okay, it's our measurement on inflation, and then
tomorrow the PPI. But we're expecting it to pop up
just the hare. So you came in last month at
two point three, we're expecting year over year at two
point four. Not a big move. But we're gonna watch
as closely because we have the FED meeting next week

(05:38):
and will they cut interest rights or will they keep
more of their eye?

Speaker 1 (05:41):
Okay, all right, well, I'll let you worry about that stuff.
I've got weather in traffic to do. And if people
want to get a hold of Tim, they can do
it at this number four one nine eight two four
thirty three hundred Tim w at witroadvisors dot com. Check
them out on Facebook, also on LinkedIn. Advisory services are
offered through Capital Investment Advisory SERVICESLC