Whetro Morning Market Update June 25

   Tuesday got us close to stock market records and saw another drop in oil prices. It makes for a good Whetro Wednesday

Episode Transcript

Speaker 1 (00:00):
It's Wednesday, fight on fantastic. We had a good day
yesterday though, well.

Speaker 2 (00:03):
Of course you are fantastic, and we did have a
good day. We got close to our all time high
again as oil prices, I don't know if I can
use the word unexpectedly fell once fell once again, because look,
when when the Iran Israeli conflict started, everybody thought oil
price was going to go through the roof.

Speaker 3 (00:24):
We were worried about the straits of four.

Speaker 2 (00:26):
LUs and the barrel of oils spiking, and none of
that happened. So what did happen yesterday?

Speaker 1 (00:33):
It's amazing how things turn out, isn't it.

Speaker 4 (00:35):
And the barrel of oils coming back down is currently
sitting at sixty five dollars and two cents, so that's
really good. But yesterday we had consumer confidence number come out,
which is a little bit of a negative. It was
last month at ninety eight, came in at ninety three,
so people are feeling as competent coming into that.

Speaker 1 (00:56):
But the day before that we had existing home sales
and it came in a little higher than expected, so
that's good.

Speaker 2 (01:02):
Uh.

Speaker 4 (01:02):
But yesterday we had the Dow jump five hundred and
seven points, which is one point one nine.

Speaker 1 (01:09):
The S and P five hundred up sixty seven.

Speaker 4 (01:11):
Points, which is one point one one and then Nazik
up two hundred and eighty one point.

Speaker 1 (01:15):
Spread one point four to three percent. Wow, outstanding, So
that puts us.

Speaker 4 (01:20):
At the five day all of them are well that
that was up over two S andp's up one point
eighty three percent, and then Atteks over two percent for
a five day.

Speaker 1 (01:32):
Actually good since we've come off two negative weeks.

Speaker 3 (01:35):
Well, then we all had to.

Speaker 1 (01:36):
Do with the bombing and stuff.

Speaker 2 (01:37):
Yeah, and then with you as my financial manager, I
should be pretty close to being super rich about now,
shouldn't I.

Speaker 1 (01:50):
We don't talk about personal debt read on the radio
like this, of course not.

Speaker 3 (01:54):
I feel like I'm this close.

Speaker 1 (01:57):
Nipa, sippa. I'm not talking about retiring, are you, friend?
Don't check us up. We had enough business yesterday. We're
talking about the cash and the credit cards. I don't,
I don't. We don't even uh an eruption that you
might leave.

Speaker 3 (02:11):
No, we're good.

Speaker 2 (02:12):
I can't even imagine what he leaving. What would do
to Wall Street? Oh my god, it would just be horrible.

Speaker 1 (02:17):
Oh my god.

Speaker 3 (02:18):
So yesterday when we spoke.

Speaker 2 (02:21):
You said that the FED Chairman Jerome Paul was going
to speak in front of Congress. Did he say anything
that to move the market at all?

Speaker 1 (02:30):
Well, yeah, I thought this was really interesting. He did
say a.

Speaker 4 (02:33):
Few things he's talking about. Yes, they can see if
things are moving in the right direction. He's not going
to indicate. Okay, I'm not going to tell you if I'm.

Speaker 1 (02:40):
Going to do with this first meeting next month or
it's going to be later. But I thought this was
very interesting. Everyone's been talking about all the economy. Oh
where is it?

Speaker 4 (02:49):
You know it's not good, he says, I don't think
we need to be in any.

Speaker 1 (02:52):
Hurry or rush because the economy is still strong.

Speaker 3 (02:56):
Okay.

Speaker 1 (02:57):
So he's looking at numbers, not emotions.

Speaker 3 (03:00):
All right, Yeah, well that's his job.

Speaker 1 (03:03):
Yeah, but we all tend to function on what the
TV tells us, of the radio or anything like.

Speaker 4 (03:08):
That gives us that data instantly on the internet. But
we have numbers coming out this week.

Speaker 1 (03:13):
We have we have some revision of.

Speaker 4 (03:17):
The GDP on Thursday, we have more. We have the
c or PCE coming out on Friday, which is the
Fed's favorite measurement of inflation. So we're gonna see if
it's moving in the right direction, and we'll have some
more some more information about employment took.

Speaker 3 (03:37):
All of that is still to come.

Speaker 2 (03:39):
Now. There were some winners yesterday, right, at least a couple.
I mean with the prices going up like that.

Speaker 1 (03:45):
Oh yeah, Carnival Cruise Lines, they were coming out with
their earnings yesterday. Yeah, six point nine percent higher, very good.

Speaker 4 (03:52):
Uber Tech, Yeah, Uber Technologies rose seven point five after
it said they're gonna let these.

Speaker 1 (03:58):
WAMO autonomous deal vehicles that can pick up you use
an app. Oh said that you can use the Uber
app to do this. Now. Oh, they jump seven point
five percent.

Speaker 4 (04:08):
Coin Base trading Bitcoin place where you can do it,
it was up twelve point one percent, and I guess
bitcoin jumped over one oh five again, one hundred and
five thousand.

Speaker 3 (04:18):
Wow. All right, well that's not so bad. We had.
We had some pretty good results.

Speaker 2 (04:23):
Is there anything today that we're watching out for? I mean,
things seem to have settled down. The ceasefire, uh, at
least at this point is holding.

Speaker 3 (04:31):
The NATO meetings are going on.

Speaker 2 (04:33):
Uh, you know, I don't think there's going to be
anything coming out of there that could change too much,
unless there's some kind of terriff announcement or something like that.
But so what are we looking for today? Anything important?

Speaker 1 (04:45):
Yeah, on the academic calendar. We have new home sales
we'll see and they're expecting it to drop a little
bit from last month. But we had existing home sales.

Speaker 4 (04:54):
Monday and it came out a little bit better, So
we'll keep our eye on that. And we have paychecks
coming out with their earnings and general mills as well.

Speaker 2 (05:01):
All right, well, I'll let you do your job then
and I'll finish my job until nine o'clock this morning.
If you need to reach Tim four one nine eight
two four thirty three hundred TIMW at wtroadvisors dot com
also on Facebook. Advisory services are offered through Capital Investment
Advisory Services LLC, and securities are offered through Capital Investment Group,

(05:27):
a member of FINRA SIPC.