October 2, 2025 • 7 mins
The Market had a good day despite a bad jobs report and trouble in the bond market
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
How are you, mister whetrow Bred.
Speaker 2 (00:03):
It's the day before Friday. I'm fantastic. Of course, it's
almost like the day before Wednesday.
Speaker 1 (00:10):
Of course you are Christmas Eve. Yes, it's Friday Eve.
And the good news is according to the headline.
Speaker 3 (00:18):
Anyhow, Wall Streets set a few more records yesterday, despite
the fact that some of the heels in the bond
market drop. But and there was discouraging data from the
job market. But as you've pointed out a number of times,
bad news can be good news for somebody else. So
give us the rundown of what happened on Wednesday.
Speaker 2 (00:38):
Yeah, and once ad the ADP report that looks at payrolls.
They were expecting first they revised last month to a
negative three thousand. They were anticipating an increase of forty
five thousand. It came in at a negative thirty two thousand.
So employment's gone down. And what does that do? That
puts pressure on the interest rates because they think the
(00:58):
bed should cut rates to make it more make it
easier for someone to go out and loan money or
hire somebody. Uh, and that puts set the ten You're
sitting at four point oh nine. But here's that two
year the two years at three point five four and
what is the FED help control the short term and
they're sitting between four to four and a quarter. So
we got a discrepancy here. Investors think the FED out
(01:19):
of lower rates, that's what it's saying. So therefore we're
looking at that. So but the market says, Okay, this
is the anticipation of the FED possibly cutting rates. The
doll was down or that was up forty three points,
which is point zero nine. We have the S and
P five hundred and up twenty two point seven four points,
which is point three to four over a percent, and
(01:41):
the Nazaka up ninety five points, which is zero point
four to two, so almost a half percent. Now we
look at the five day that nazac's up one point
sixty five. So we've had some movement because they're anticipating
again the FED to cut rates. But I want to
point something that with fun companies, we have this Lithium America.
It trades in Canada. Ecuse me, it's in Canada. It
(02:03):
trades in the United States. It jumped twenty three point
three percent. Why would it do that? US government agreed
to let it draw from the previously announced two point
twenty six billion loan part of the agreement, this is
the important part. The US Department EGINE will take an
ownership stake. We've heard this a couple of times, like Intel.
What does this do? I mean, if we look at it,
(02:24):
if I own part of a company, I don't care
if it's one percent, two percent. What happens when that
company makes money? I'm part owner, I get some of it.
It's almost like an very in reverse tax for this
company because they have another owner sitting with them, So
you gotta kind of got to just a and it's
an asset thread.
Speaker 1 (02:44):
What happens. What happens when that company loses money?
Speaker 2 (02:50):
That's exactly right. If you're part of what happens.
Speaker 1 (02:53):
If it does go down, you're losing when we lose money.
Speaker 3 (02:55):
I do not like the government having any kind of
steak private country.
Speaker 1 (03:01):
I don't need companies because I don't. They lose, we lose.
That's my money. They're playing with it.
Speaker 2 (03:08):
What did they do when GM ran problems?
Speaker 1 (03:10):
Read?
Speaker 2 (03:11):
Oh, I know, but but you know it's the same thing.
Speaker 1 (03:14):
No, we didn't. They paid it back though, Well, this.
Speaker 2 (03:18):
Is a loan portion too. Anyway, this is just there's
just a bunch of weight. And I agree with you, Fred.
I'm not saying, oh hey let's get the government. I'm
with you, keep the government out of this. Yeah, totally agreed.
But I'm just giving you different ways to look at it.
Speaker 1 (03:33):
All right.
Speaker 2 (03:33):
Doesn't mean it's positive, does? I mean it's positive?
Speaker 1 (03:36):
And I will look at it a different way. It
may be a scan. I will look at it a
different way.
Speaker 2 (03:42):
I'm not saying it's positive. I just tell you, hey,
let's look at it for what's going on. Be it
right or wrong?
Speaker 1 (03:48):
Yeah?
Speaker 2 (03:49):
Yeah, but that's giving.
Speaker 3 (03:50):
Me some boost to that company that's so other than
that company who were the other winners yesterday? Since the
bond market didn't look good and the numbers didn't look
good for employment, who were the yesterday?
Speaker 1 (04:00):
Somebody took advantage of it?
Speaker 2 (04:03):
Well, yeah, Biogen was up ten percent, super Micro was
up nine point two eight, Merk was up seven point
thirty nine. If we look at the sectors of the
S and P, there was only long, two, three, four
sectors out of that that were positive, even though we're
hitting records. All the other sectors the seven were negative.
(04:25):
So it's not a whole group moving when we looked
at some of these records, but Nike rows to point four.
We've been talking, remember when they've been going down down abums,
they seem to rebe revamped and they were up six
point four yesterday. On the negative side, Teleton, they're having
a rough go.
Speaker 3 (04:46):
Yeah, the last couple of years, it's been up and
down for them, like crazy.
Speaker 1 (04:49):
Yeah.
Speaker 2 (04:50):
Yeah, they got excited during the COVID when we're all
home because we all said, hey, look at bikes and
live live through the TV and do these workouts. But
they tried to unbuild some AIS computing vision systems that
I guess people don't think it's going to work.
Speaker 3 (05:04):
No, you're you're supposed to use it for cross training
and you could, well you're a runner, you know you
cross train outside. That's the best place to train in
an actual condition.
Speaker 2 (05:15):
That is tough.
Speaker 1 (05:16):
Yeah, running out.
Speaker 2 (05:17):
Treadinal is tough.
Speaker 1 (05:18):
And it's not the same thing. It's not the same
feel as concrete.
Speaker 3 (05:21):
It's not the same feel as running through a forest
if you're doing cross country any of that kind of stuff.
So the report though, and let's go to let's look
at Friday, the report that we're supposed to get tomorrow
from the Labor Department, probably going to be delayed because
the government shut down. So what our investors, slash experts,
slash analysts saying about that, How that's going to affect
(05:45):
things today?
Speaker 2 (05:47):
Well, it could possibly affect. But coming out with the
ADPEER port it kind of gives you a little insight,
I think. But again, the US Employment Report, it's supposed
to go up a little bit from last month, the
US unemployment rate, they're respecting it to stay about the same.
So I think they're going to hang their hat on
their estimates and really see what the government's going to do. Okay,
(06:08):
we're going to you'll get this taken care of or
not to get these numbers out. But again, how accurate
are they? I mean, if we look at that ADP report,
it got adjusted last month down to a negative three thousand.
Speaker 1 (06:18):
Yeah.
Speaker 3 (06:18):
So, and those are Trump people now in the Bureau
of Labor Statistics and who are filing these reports. Those
are the people that he hand picked to be in there.
So you can't really argue and unless you want to
fire somebody else for giving you bad news, and that
doesn't always work, I just.
Speaker 2 (06:36):
Say fire on them all off.
Speaker 1 (06:37):
It's the money. I've heard that. I've heard that from
a number of people.
Speaker 3 (06:41):
Actually, all right, we'll check in with you tomorrow morning
and we'll find out then if the government is either
still closed or open, and what that what that report
might look like tomorrow, if we're actually going to get it,
If you need to reach out to Tim before then
four one nine eight two four thirty three hundred at
(07:01):
vitroadvisors dot com, Facebook LinkedIn advisory services offered through Capital
Investment Advisory Services l LC. Securities offered through Capital Investment Group,
a member of FINRA SIPC
How are you, mister whetrow Bred.
Speaker 2 (00:03):
It's the day before Friday. I'm fantastic. Of course, it's
almost like the day before Wednesday.
Speaker 1 (00:10):
Of course you are Christmas Eve. Yes, it's Friday Eve.
And the good news is according to the headline.
Speaker 3 (00:18):
Anyhow, Wall Streets set a few more records yesterday, despite
the fact that some of the heels in the bond
market drop. But and there was discouraging data from the
job market. But as you've pointed out a number of times,
bad news can be good news for somebody else. So
give us the rundown of what happened on Wednesday.
Speaker 2 (00:38):
Yeah, and once ad the ADP report that looks at payrolls.
They were expecting first they revised last month to a
negative three thousand. They were anticipating an increase of forty
five thousand. It came in at a negative thirty two thousand.
So employment's gone down. And what does that do? That
puts pressure on the interest rates because they think the
(00:58):
bed should cut rates to make it more make it
easier for someone to go out and loan money or
hire somebody. Uh, and that puts set the ten You're
sitting at four point oh nine. But here's that two
year the two years at three point five four and
what is the FED help control the short term and
they're sitting between four to four and a quarter. So
we got a discrepancy here. Investors think the FED out
(01:19):
of lower rates, that's what it's saying. So therefore we're
looking at that. So but the market says, Okay, this
is the anticipation of the FED possibly cutting rates. The
doll was down or that was up forty three points,
which is point zero nine. We have the S and
P five hundred and up twenty two point seven four points,
which is point three to four over a percent, and
(01:41):
the Nazaka up ninety five points, which is zero point
four to two, so almost a half percent. Now we
look at the five day that nazac's up one point
sixty five. So we've had some movement because they're anticipating
again the FED to cut rates. But I want to
point something that with fun companies, we have this Lithium America.
It trades in Canada. Ecuse me, it's in Canada. It
(02:03):
trades in the United States. It jumped twenty three point
three percent. Why would it do that? US government agreed
to let it draw from the previously announced two point
twenty six billion loan part of the agreement, this is
the important part. The US Department EGINE will take an
ownership stake. We've heard this a couple of times, like Intel.
What does this do? I mean, if we look at it,
(02:24):
if I own part of a company, I don't care
if it's one percent, two percent. What happens when that
company makes money? I'm part owner, I get some of it.
It's almost like an very in reverse tax for this
company because they have another owner sitting with them, So
you gotta kind of got to just a and it's
an asset thread.
Speaker 1 (02:44):
What happens. What happens when that company loses money?
Speaker 2 (02:50):
That's exactly right. If you're part of what happens.
Speaker 1 (02:53):
If it does go down, you're losing when we lose money.
Speaker 3 (02:55):
I do not like the government having any kind of
steak private country.
Speaker 1 (03:01):
I don't need companies because I don't. They lose, we lose.
That's my money. They're playing with it.
Speaker 2 (03:08):
What did they do when GM ran problems?
Speaker 1 (03:10):
Read?
Speaker 2 (03:11):
Oh, I know, but but you know it's the same thing.
Speaker 1 (03:14):
No, we didn't. They paid it back though, Well, this.
Speaker 2 (03:18):
Is a loan portion too. Anyway, this is just there's
just a bunch of weight. And I agree with you, Fred.
I'm not saying, oh hey let's get the government. I'm
with you, keep the government out of this. Yeah, totally agreed.
But I'm just giving you different ways to look at it.
Speaker 1 (03:33):
All right.
Speaker 2 (03:33):
Doesn't mean it's positive, does? I mean it's positive?
Speaker 1 (03:36):
And I will look at it a different way. It
may be a scan. I will look at it a
different way.
Speaker 2 (03:42):
I'm not saying it's positive. I just tell you, hey,
let's look at it for what's going on. Be it
right or wrong?
Speaker 1 (03:48):
Yeah?
Speaker 2 (03:49):
Yeah, but that's giving.
Speaker 3 (03:50):
Me some boost to that company that's so other than
that company who were the other winners yesterday? Since the
bond market didn't look good and the numbers didn't look
good for employment, who were the yesterday?
Speaker 1 (04:00):
Somebody took advantage of it?
Speaker 2 (04:03):
Well, yeah, Biogen was up ten percent, super Micro was
up nine point two eight, Merk was up seven point
thirty nine. If we look at the sectors of the
S and P, there was only long, two, three, four
sectors out of that that were positive, even though we're
hitting records. All the other sectors the seven were negative.
(04:25):
So it's not a whole group moving when we looked
at some of these records, but Nike rows to point four.
We've been talking, remember when they've been going down down abums,
they seem to rebe revamped and they were up six
point four yesterday. On the negative side, Teleton, they're having
a rough go.
Speaker 3 (04:46):
Yeah, the last couple of years, it's been up and
down for them, like crazy.
Speaker 1 (04:49):
Yeah.
Speaker 2 (04:50):
Yeah, they got excited during the COVID when we're all
home because we all said, hey, look at bikes and
live live through the TV and do these workouts. But
they tried to unbuild some AIS computing vision systems that
I guess people don't think it's going to work.
Speaker 3 (05:04):
No, you're you're supposed to use it for cross training
and you could, well you're a runner, you know you
cross train outside. That's the best place to train in
an actual condition.
Speaker 2 (05:15):
That is tough.
Speaker 1 (05:16):
Yeah, running out.
Speaker 2 (05:17):
Treadinal is tough.
Speaker 1 (05:18):
And it's not the same thing. It's not the same
feel as concrete.
Speaker 3 (05:21):
It's not the same feel as running through a forest
if you're doing cross country any of that kind of stuff.
So the report though, and let's go to let's look
at Friday, the report that we're supposed to get tomorrow
from the Labor Department, probably going to be delayed because
the government shut down. So what our investors, slash experts,
slash analysts saying about that, How that's going to affect
(05:45):
things today?
Speaker 2 (05:47):
Well, it could possibly affect. But coming out with the
ADPEER port it kind of gives you a little insight,
I think. But again, the US Employment Report, it's supposed
to go up a little bit from last month, the
US unemployment rate, they're respecting it to stay about the same.
So I think they're going to hang their hat on
their estimates and really see what the government's going to do. Okay,
(06:08):
we're going to you'll get this taken care of or
not to get these numbers out. But again, how accurate
are they? I mean, if we look at that ADP report,
it got adjusted last month down to a negative three thousand.
Speaker 1 (06:18):
Yeah.
Speaker 3 (06:18):
So, and those are Trump people now in the Bureau
of Labor Statistics and who are filing these reports. Those
are the people that he hand picked to be in there.
So you can't really argue and unless you want to
fire somebody else for giving you bad news, and that
doesn't always work, I just.
Speaker 2 (06:36):
Say fire on them all off.
Speaker 1 (06:37):
It's the money. I've heard that. I've heard that from
a number of people.
Speaker 3 (06:41):
Actually, all right, we'll check in with you tomorrow morning
and we'll find out then if the government is either
still closed or open, and what that what that report
might look like tomorrow, if we're actually going to get it,
If you need to reach out to Tim before then
four one nine eight two four thirty three hundred at
(07:01):
vitroadvisors dot com, Facebook LinkedIn advisory services offered through Capital
Investment Advisory Services l LC. Securities offered through Capital Investment Group,
a member of FINRA SIPC
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