Whetro Morning Market Update Oct 10

A lsight drop in prices yesterday on Wall Street but Tim takes a look at YTD numbers

Episode Transcript

Speaker 1 (00:01):
How are you, mister wheetrow bred A fantastic Friday. Happy Friday.
And you know what, this is the last time you're
going to hear from me this week. But we could
always do it tomorrow.

Speaker 2 (00:11):
Yeah, no, we're not doing.

Speaker 1 (00:13):
It tomorrow because.

Speaker 2 (00:14):
Now we're not your bridy boy sleeps in on Saturday
morning at least until seven o'clock, if not later.

Speaker 1 (00:21):
So but we got now you do it, Fred.

Speaker 2 (00:24):
We got good news. The rally took a break, which
was expected because if it continues to climb and then
there's a chance there could be a bubble. But this
time everybody pulled back. Yesterday, even Gold to pull back
a little bit, give us some numbers.

Speaker 1 (00:39):
Yeah, it was kind of whole hum day. We had
to pull back the down. Industrials was down two hundred
and forty three points. Sounds like a lot. It's only
half percent. If we look at the S and P
five hundred off eighteen, which is point two eight of
a percent, and the Nazak was off eighteen point seventy
five points, which is point zero eight of a percent.

(00:59):
I'm gonna recapt where we're at year to date. We're
in October. Now, the Dow is up eight point ninety seven.
The S and P five hundred is up year to
date fourteen and a half points for excuse me percent,
and the NAZAC is up nineteen point two to three
percent year today. This little pullback, we've been on a

(01:20):
decent run. It's not always gonna go. We always talk
about that goal pullback. It went over four thousand right
now it's up above four thousand to get in the
pre market. So look at things. We're still we're waiting
to see the government shut down, and I'm still wondering
what's gonna happen when they come back and all these
reports fling out. Yeah, the that is going to meet
the end of this month. We're counting on an another

(01:43):
rate cut, but they're about fifty to fifty and he's
a little uncertain when he was talking yesterday, and that
really didn't help the markets much. So it's kind of
a whole home day.

Speaker 2 (01:53):
Well, and with the government shutdown, and this is something
that hasn't happened before, and I just read it this morning.
You'll start to see video messages at the airports about
the TSA and they're being a slow down. Normally it
would just be a generic message the government shutdown is
causing slow downs with the tsa plice, be patient, you

(02:16):
know your flight blah blah blah blah blah. This time around,
the videos are actually blaming the shutdown on the Democrats,
which never ever. If anybody wants to complain about propaganda,
that's propaganda right there. What effect it'll have on anything,
I don't know, But now they're starting to target it.

(02:37):
Whether you believe it or not, I suppose depends on
which side of the eye you're on, And that might
be playing into what's going on on Wall Street. Who knows,
you got gold fallen, you got the markets falling a
little bit, but still, like Tim just said, a year
to date, we looked pretty good. So who were the
big winners and losers yesterday that drove all of this?

Speaker 1 (02:57):
Well, we know Della had some good earnings, Delta, but
they gave it back a little bit. It was down
five point two percent, Tessel was off point seven percent.
Not a big down, but highway safety trap or the
National Highway Traffic safetyes but that outright administration is evaluating
the full self driving system. Look at that. Yeah, Delta

(03:21):
came in with some decent earnings. So up four point
three percent. Pepsi CO or dat we're eating we're drinking
pups and eating snacks. There you go, it was four
point two percent. So also we have a care say
that right, kiro Therapeutic sleep sixteen point three percent.

Speaker 2 (03:41):
So well, that's because that's because they're getting involved with
we're going, yeah, the weight launch.

Speaker 1 (03:46):
The weight the weight loss, drought or the yeah, the
shot or whatever.

Speaker 2 (03:50):
That's that's another one of those uh deals that you've
talked about in the past. This one is like worth
five point two billion dollars if they.

Speaker 1 (03:59):
Get is that all thread?

Speaker 2 (04:00):
Yeah, yeah, if they get fed approval.

Speaker 1 (04:04):
Billions billions we would allow. It's some change.

Speaker 2 (04:08):
And COSTCO where I was at just the other day,
went up another three percent. Their revenue rows. The one
that caught my eye though, was this empty materials. They
do rare earth mining, and China just made a big
announcement just the other day about their rare earth minerals.

Speaker 1 (04:26):
Gonna curb, you know, getting them out and making deals
with us. And yes, look at all the mining stocks today,
they're most likely going to go up with their material
looking companies. So all the sectors of the S and
P five hundred were negative except for one, and that's
consumer staples. And you touched on the costcos in that
as well. Excellent that we go and buy you know regularly.

Speaker 2 (04:46):
Yeah, yeah, that's true. They were swamped the other day
when I was our middle of the day. They just
are totally so busy. I can't believe it. So what
are the bond what's the bond market looked like today?
And do you have many futures numbers to share right now?

Speaker 1 (04:59):
The futures mixed, A couple of them are pointing up.
We have on the interest rates the ten years sitting
at four point to me four point one zero percent.
Come down just to here, the two years sitting at
three point five A. And you mentioned the futures. I'll
get more specific. We have the Dallas pointing up for now.

(05:20):
S and p up just a little nazig down just
a little bit. We'll see where it opens.

Speaker 2 (05:24):
That's not too bad. Get out and do a little
running this weekend. It's going to be nice. We'll talk
to you again Monday morning. If anybody else needs to
talk to Tim or anybody at Mutual Wealth Management, grab
your phone four one nine eight two four thirty three
one hundred to hit them up with an email. Tim
w at we Trolladvisors dot com or on Facebook and LinkedIn.

(05:45):
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