October 3, 2025 • 7 mins
Whetro Morning Market Update Oct 3. Tim takes a look at the reasons investors are ignoring the government shutdown
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
How are you, mister retro Brett.
Speaker 2 (00:03):
It is Friday, Happy Friday, big actic, I mean.
Speaker 3 (00:07):
October's come on. Look at the green going.
Speaker 4 (00:10):
Oh man, I'm telling you what. This weekend gonna be
absolutely beautiful. We Trow Health Management involved in fundraising today
for the Donald McDonald House Charities, one of my favorite places.
Speaker 1 (00:21):
So we got that going for us.
Speaker 4 (00:23):
Wall Street ticked up yesterday, a couple more records. Big
Tech once again leading away. So let's hear some numbers
and some information.
Speaker 3 (00:31):
Ere, buddy boy, well you left out the main thing. Well,
the government shut down.
Speaker 2 (00:37):
It doesn't.
Speaker 4 (00:40):
Investor seems have been really just ignoring that whole thing.
Speaker 3 (00:44):
Right, Funny how that happens, isn't it. Yes, the Tower
is up seventy eight point sixty two points yesterday, which
is point one seven of the percent. But let me
give you the five day up one point twenty five.
Very nice.
Speaker 2 (00:58):
That's the P five hundred.
Speaker 3 (00:59):
Up only four points, which is point zero six. The
five day is one point six eight percent. The NAZAC
up eighty eight, so Tech is leading away. Coming on,
we'll highlight some companies here in a minute. Eighty eight
point eight nine points, which is point thirty nine of
a percent. It's five day is one point six percent
for five days. It's year to date is eighteen point three. Wow, Wow,
(01:22):
that's coming. I remember back in April when we had
a pullback, he was negative twenty during that month. Now
the S and P is sitting it up fourteen point
one to eight year to date.
Speaker 1 (01:33):
The hell of a roller coaster ride.
Speaker 4 (01:34):
And the left just in the last just in the
last six months, you know, not even the full year,
just in the last six months.
Speaker 1 (01:41):
It's been crazy.
Speaker 3 (01:43):
Yes, it's been crazy. Look, let's look at some companies.
Some open Ai announced some partnerships with South Korea company
for Stargate five hundred billion has projected that. Wow, sent
sam Sum Electronics up three point five percent. Sk highnis
I think saying that right, jump nine point nine. But
that pushed the cost index with this, which is South
(02:05):
Korea's index up two point seven overseas, so that was
really jumping things. But Mike can't I got to talk today.
Speaker 2 (02:13):
Advanced micro devices climbs three point five, Broadcom gained one
point four and our favorite company Navidia up almost a
percent at point nine to Oh. So you know that's
pushing these indexes up and they're not moving huge amounts.
Speaker 3 (02:27):
During the day. But it's nice to see, you know,
because we've had the negative news about the government getting
shut down. You know, some things are still continuing. Interest
rates still coming down a little bit. The ten years
sitting at four point zero nine, which is good, and
the two year at three point five four. So not
a not a bad week at all.
Speaker 1 (02:46):
Is there any worry that you know?
Speaker 4 (02:48):
Well, all because the list you went through in a video,
Advanced Micro, Broadcom, Samsung Electronics, they're all because of AI.
Speaker 1 (02:58):
They're all going crazy.
Speaker 4 (03:00):
This kind of happened with the housing market a few
years ago.
Speaker 1 (03:03):
Are we looking at a bubble? It's going to burst
at some point?
Speaker 4 (03:06):
I mean, how careful should investors be when looking at
these numbers?
Speaker 3 (03:11):
Well, yeah, it can get over valued, a little frothy. Yeah,
you gotta be careful because you know, things shoot up
best can also shoot down. But it depends if they're
delivering and if their earnings are following. Let's go back
to two thousand and two. Fred, I know it's a
long time ago, but I remember we had a tech push.
People are getting all excited going out and buying all
these tech companies. The problem was, they weren't making money.
(03:33):
They had great ideas. I remember someone coming to my
office freend and going, I like this company I can't
remember the name, but they're going to deliver groser to
your house. I go, how in the world are they
going to do that?
Speaker 2 (03:42):
How are they going to do that?
Speaker 3 (03:44):
Now? Guess what happened twenty three years later, we have
Grocees getting delivered to your house. It's amazing how things
are coming fruish And can you imagine Fred in twenty
years what's going to happen.
Speaker 4 (03:56):
No, No, hopefully I won't even be thinking out that
because I'll be ninety four years old.
Speaker 3 (04:04):
But the technology is incredible. What's going And I'm sure
there's things being developed that won't come to fruish for
twenty years. But all these little things are happening. You know,
we have machine I mean, we have little robot things
going around delivering stuff to people. It's not everywhere, but
it's happening. Yeah, it's amazing what's going on. I think
we're going to look back and call this a tech tech.
Speaker 4 (04:25):
Boomi AI is going to change stuff absolutely So how
is this affecting the bond market? What are we looking
at there, and does it seem even more likely that
the FED will cut interest rates then next month?
Speaker 1 (04:38):
Already?
Speaker 3 (04:40):
Well, I think the pressure is coming on them, just
like that two years sitting at three point four and
the FED controls the short term. But investors are saying, hey,
that maybe that thing should come down a little bit
because the two years sitting at three four and they're
sitting at four point four, between four and four and
a quarter, right, So the pressure is coming, not just
from the administration, but hey, rach should come down. But
(05:01):
you know, without the without our data coming today to
know about unemployment, you know, hourly wages, because the government's closed,
we're not going to get these reports today, So and
that all stuff will all come out eventually. But uh,
I mean, it's just more more fuel if if rates
get cut. But again, stay diverse, fied. Don't put all
(05:24):
your eggs in one basket, because they can come down.
Speaker 4 (05:27):
We're gonna have, you know, with my rules, We're gonna
have to come up with rules for you. Rule number one,
you're in it for the long haul. Rule number two.
Stay diversified.
Speaker 2 (05:38):
Correct, don't put your eggs on one basket.
Speaker 1 (05:40):
That's right.
Speaker 3 (05:41):
We won't.
Speaker 1 (05:42):
We won't need as many because it's a little simpler
than that. Go ahead, Bred.
Speaker 3 (05:46):
And my other thing is if it was easy, yeah,
I wouldn't be here on the beach.
Speaker 4 (05:55):
Everybody would do it, and he wouldn't be doing it anymore.
He'd be retired now, because how does the government is
shut down? We are not going to get the Friday
report that we would normally get. That doesn't seem to
be affecting things as of yesterday. Do you think after
today when that report doesn't come out, will there be
a reaction or have we already.
Speaker 1 (06:16):
Built that in.
Speaker 3 (06:19):
They already know it's not coming out red and the
futures are already higher.
Speaker 2 (06:23):
Okay, all right now saying that's where it's going to end,
that's what.
Speaker 4 (06:26):
I wanted, That's what I wanted to know. All right, Well,
that sounds pretty good. All right, Good luck with your
fundraising today for the Ronald McDonald House Charities, and I
will talk.
Speaker 1 (06:35):
To you on Monday morning.
Speaker 4 (06:36):
If you need to reach Tim before then four one
nine eight two four thirty three hundred timw atwetrowadvisors dot com,
also on LinkedIn and on Facebook. Advisory services are offered
through Capital Investment Advisory Services l LC securities are offered
(06:57):
through Capital Investment
Speaker 1 (06:58):
Group, a member of FINRA s I
How are you, mister retro Brett.
Speaker 2 (00:03):
It is Friday, Happy Friday, big actic, I mean.
Speaker 3 (00:07):
October's come on. Look at the green going.
Speaker 4 (00:10):
Oh man, I'm telling you what. This weekend gonna be
absolutely beautiful. We Trow Health Management involved in fundraising today
for the Donald McDonald House Charities, one of my favorite places.
Speaker 1 (00:21):
So we got that going for us.
Speaker 4 (00:23):
Wall Street ticked up yesterday, a couple more records. Big
Tech once again leading away. So let's hear some numbers
and some information.
Speaker 3 (00:31):
Ere, buddy boy, well you left out the main thing. Well,
the government shut down.
Speaker 2 (00:37):
It doesn't.
Speaker 4 (00:40):
Investor seems have been really just ignoring that whole thing.
Speaker 3 (00:44):
Right, Funny how that happens, isn't it. Yes, the Tower
is up seventy eight point sixty two points yesterday, which
is point one seven of the percent. But let me
give you the five day up one point twenty five.
Very nice.
Speaker 2 (00:58):
That's the P five hundred.
Speaker 3 (00:59):
Up only four points, which is point zero six. The
five day is one point six eight percent. The NAZAC
up eighty eight, so Tech is leading away. Coming on,
we'll highlight some companies here in a minute. Eighty eight
point eight nine points, which is point thirty nine of
a percent. It's five day is one point six percent
for five days. It's year to date is eighteen point three. Wow, Wow,
(01:22):
that's coming. I remember back in April when we had
a pullback, he was negative twenty during that month. Now
the S and P is sitting it up fourteen point
one to eight year to date.
Speaker 1 (01:33):
The hell of a roller coaster ride.
Speaker 4 (01:34):
And the left just in the last just in the
last six months, you know, not even the full year,
just in the last six months.
Speaker 1 (01:41):
It's been crazy.
Speaker 3 (01:43):
Yes, it's been crazy. Look, let's look at some companies.
Some open Ai announced some partnerships with South Korea company
for Stargate five hundred billion has projected that. Wow, sent
sam Sum Electronics up three point five percent. Sk highnis
I think saying that right, jump nine point nine. But
that pushed the cost index with this, which is South
(02:05):
Korea's index up two point seven overseas, so that was
really jumping things. But Mike can't I got to talk today.
Speaker 2 (02:13):
Advanced micro devices climbs three point five, Broadcom gained one
point four and our favorite company Navidia up almost a
percent at point nine to Oh. So you know that's
pushing these indexes up and they're not moving huge amounts.
Speaker 3 (02:27):
During the day. But it's nice to see, you know,
because we've had the negative news about the government getting
shut down. You know, some things are still continuing. Interest
rates still coming down a little bit. The ten years
sitting at four point zero nine, which is good, and
the two year at three point five four. So not
a not a bad week at all.
Speaker 1 (02:46):
Is there any worry that you know?
Speaker 4 (02:48):
Well, all because the list you went through in a video,
Advanced Micro, Broadcom, Samsung Electronics, they're all because of AI.
Speaker 1 (02:58):
They're all going crazy.
Speaker 4 (03:00):
This kind of happened with the housing market a few
years ago.
Speaker 1 (03:03):
Are we looking at a bubble? It's going to burst
at some point?
Speaker 4 (03:06):
I mean, how careful should investors be when looking at
these numbers?
Speaker 3 (03:11):
Well, yeah, it can get over valued, a little frothy. Yeah,
you gotta be careful because you know, things shoot up
best can also shoot down. But it depends if they're
delivering and if their earnings are following. Let's go back
to two thousand and two. Fred, I know it's a
long time ago, but I remember we had a tech push.
People are getting all excited going out and buying all
these tech companies. The problem was, they weren't making money.
(03:33):
They had great ideas. I remember someone coming to my
office freend and going, I like this company I can't
remember the name, but they're going to deliver groser to
your house. I go, how in the world are they
going to do that?
Speaker 2 (03:42):
How are they going to do that?
Speaker 3 (03:44):
Now? Guess what happened twenty three years later, we have
Grocees getting delivered to your house. It's amazing how things
are coming fruish And can you imagine Fred in twenty
years what's going to happen.
Speaker 4 (03:56):
No, No, hopefully I won't even be thinking out that
because I'll be ninety four years old.
Speaker 3 (04:04):
But the technology is incredible. What's going And I'm sure
there's things being developed that won't come to fruish for
twenty years. But all these little things are happening. You know,
we have machine I mean, we have little robot things
going around delivering stuff to people. It's not everywhere, but
it's happening. Yeah, it's amazing what's going on. I think
we're going to look back and call this a tech tech.
Speaker 4 (04:25):
Boomi AI is going to change stuff absolutely So how
is this affecting the bond market? What are we looking
at there, and does it seem even more likely that
the FED will cut interest rates then next month?
Speaker 1 (04:38):
Already?
Speaker 3 (04:40):
Well, I think the pressure is coming on them, just
like that two years sitting at three point four and
the FED controls the short term. But investors are saying, hey,
that maybe that thing should come down a little bit
because the two years sitting at three four and they're
sitting at four point four, between four and four and
a quarter, right, So the pressure is coming, not just
from the administration, but hey, rach should come down. But
(05:01):
you know, without the without our data coming today to
know about unemployment, you know, hourly wages, because the government's closed,
we're not going to get these reports today, So and
that all stuff will all come out eventually. But uh,
I mean, it's just more more fuel if if rates
get cut. But again, stay diverse, fied. Don't put all
(05:24):
your eggs in one basket, because they can come down.
Speaker 4 (05:27):
We're gonna have, you know, with my rules, We're gonna
have to come up with rules for you. Rule number one,
you're in it for the long haul. Rule number two.
Stay diversified.
Speaker 2 (05:38):
Correct, don't put your eggs on one basket.
Speaker 1 (05:40):
That's right.
Speaker 3 (05:41):
We won't.
Speaker 1 (05:42):
We won't need as many because it's a little simpler
than that. Go ahead, Bred.
Speaker 3 (05:46):
And my other thing is if it was easy, yeah,
I wouldn't be here on the beach.
Speaker 4 (05:55):
Everybody would do it, and he wouldn't be doing it anymore.
He'd be retired now, because how does the government is
shut down? We are not going to get the Friday
report that we would normally get. That doesn't seem to
be affecting things as of yesterday. Do you think after
today when that report doesn't come out, will there be
a reaction or have we already.
Speaker 1 (06:16):
Built that in.
Speaker 3 (06:19):
They already know it's not coming out red and the
futures are already higher.
Speaker 2 (06:23):
Okay, all right now saying that's where it's going to end,
that's what.
Speaker 4 (06:26):
I wanted, That's what I wanted to know. All right, Well,
that sounds pretty good. All right, Good luck with your
fundraising today for the Ronald McDonald House Charities, and I
will talk.
Speaker 1 (06:35):
To you on Monday morning.
Speaker 4 (06:36):
If you need to reach Tim before then four one
nine eight two four thirty three hundred timw atwetrowadvisors dot com,
also on LinkedIn and on Facebook. Advisory services are offered
through Capital Investment Advisory Services l LC securities are offered
(06:57):
through Capital Investment
Speaker 1 (06:58):
Group, a member of FINRA s I
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