Episode Transcript
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Speaker 1 (00:01):
How are you, mister wheat trow Brett.
Speaker 2 (00:04):
It's Monday week best day.
Speaker 3 (00:07):
Wait a minute, I thought Wheat Troe Wednesday was the best.
Speaker 1 (00:10):
Day of the week.
Speaker 4 (00:11):
Well, we're just getting world. This is the kickoff.
Speaker 1 (00:14):
Ah, okay, we're all back.
Speaker 2 (00:16):
You know, we're on the you know I'm on the
phone with you. It's great.
Speaker 4 (00:19):
All right, Monday, Now back after it.
Speaker 1 (00:21):
It's been a beautiful weekend.
Speaker 3 (00:23):
And I have to ask because some emailers wanted to
know did you get any running in or now that
the marathon is over? You just kind of easing off
your training and you're and you're running.
Speaker 2 (00:33):
Oh no, Fred, I have a half marathon scheduled in
November Churchills, so I'm going to run that.
Speaker 4 (00:41):
So I ran eight on Saturday and seven on Sunday.
Speaker 1 (00:45):
You are just a monster, all right? Well, no running, beautiful,
no running.
Speaker 3 (00:49):
From the results on Wall Street, we had another winning week,
which is not and more records were set so that
the tariffs and the government shut down and none of
them seems to be bothering investors, although there is a
little bit of a worry there about about a possible bubble.
So let's get some details. What do you got for
me this morning.
Speaker 4 (01:10):
Yeah, this this market just keeps going up.
Speaker 2 (01:12):
Red. The Dow was up two hundred and thirty eight points.
Speaker 4 (01:15):
Which is a half percent uh.
Speaker 2 (01:16):
And this was on Friday. The S and P five
hundred up point four force almost a half percent or
excuse me.
Speaker 4 (01:22):
Points point zero one of a percent.
Speaker 2 (01:24):
So it was pretty flat, right, it's not a half
percent uh. And the Nasdaq down sixty three points, which
actually gave up a little bit zero point two eight.
But overall, if we look for that week, yeah, five.
Speaker 4 (01:38):
Days last week, Dow up one hundred and.
Speaker 2 (01:40):
Ten or excuse me, one point one zero percent. Google, I
got in trouble talking today. That's P five hundred up
a percent, and the NASAK up one point three to.
Speaker 4 (01:49):
Two of a percent. So we're moving in the right direction.
Speaker 2 (01:52):
To shut down the government doesn't seem to matter, but yes,
I do caution you. If we look at that S
and P five hundred, we look at the breakdown, and
we haven't talked about this in a while, it's made up.
If I look at the tech there's eleven sectors in it,
and of course we have a technology sector. It's thirty
four point nine to five of it, so almost thirty
(02:14):
five percent of it's made up of technology. But add
on to it is the communication sector, which.
Speaker 4 (02:20):
In the communication sector, and this is almost ten percent
of it.
Speaker 2 (02:23):
So we're at about forty five percent between these two.
Speaker 4 (02:26):
And what's in the communications Google, Meta, Horizon, Netflix, So
that's kind of techy too.
Speaker 2 (02:34):
So we've got about forty five percent of it moved
by two sectors.
Speaker 4 (02:38):
So always keep that in mind. So is the arond
of these two?
Speaker 1 (02:42):
Should we worry? I mean, our investors worried. I know
you can't give you advice on the phone, but you
can't write.
Speaker 3 (02:48):
Are our investors in general worried about.
Speaker 1 (02:51):
A possible bubble and when it might burst?
Speaker 2 (02:55):
I think everybody's worried about the market going down, and
we live through these days. Last thinking years, five hundred
has been down three times, and what when it goes down,
we don't seem to forget it. Let's go back to
the one tech bubble that I kind of remember.
Speaker 4 (03:09):
I do remember two thousand and two.
Speaker 2 (03:13):
Yeah, okay, now that the SP five was down twenty
two percent that year, but that was we had companies
springing up everywhere, coming onto the market. They all had
great concepts, but some of them weren't making money. So
when they're not making money, eventually that bubble will pop,
and it did. So that was a big negative back
in two thousand two. But now twenty three years later,
(03:35):
we now are delivering groceries. We're doing things that we
only thought that we wanted to do right and it's
coming to fruition.
Speaker 4 (03:41):
So a lot of these companies are delivering.
Speaker 2 (03:43):
But I'm sure there's companies out there that won't last.
But so to get around to it, Fred, we don't
know if it's going to pop. We don't know if
it's going to have legs for another year. We don't know.
Speaker 1 (03:53):
Yeah, it could be. The AI stuff is just going crazy.
Speaker 3 (03:57):
We talked on Friday before before I left town about
the open Ai and the South Korean merger, and now
open Ai has another one Hititachi with a with a
memorandum of understanding for I don't know.
Speaker 1 (04:13):
A couple more billion dollars or something. Who knows.
Speaker 4 (04:17):
Yeah, it had Tachi stock. You know, it jumped ten
point three percent.
Speaker 2 (04:21):
You know, you start getting getting in bed and working
with the open Ai.
Speaker 4 (04:24):
Everybody wants a little piece of it because.
Speaker 2 (04:26):
It does make a huge difference. I mean, I see
it in my.
Speaker 4 (04:29):
Business on phone calls, you know, having things the notes.
Speaker 2 (04:33):
That we do can be done that way. It's amazing.
Speaker 1 (04:36):
It's pretty good. And the other other sectors. Energy went
up a little.
Speaker 2 (04:41):
Bit, right yep, energy caught its way back. Ex On Mobile.
Speaker 4 (04:46):
Climbed one point eight percent, Diamondback Energy rows three percent.
Even though our gas prices are seeing pretty level in
the state of Ohio, we're paying two ninety seven cents.
Speaker 2 (04:56):
Diesel came down three three cents. That threes point sixty
seven or three.
Speaker 4 (04:59):
Dollars in sixty seven cents, so it came.
Speaker 2 (05:01):
Below that three seventies two.
Speaker 4 (05:03):
As I said, that'd probably be a three seventy tomorrow.
What happens and death on it?
Speaker 3 (05:09):
Well, what do things look like overseas this morning, and
what do our futures look like?
Speaker 2 (05:14):
I thought, this is pretty interesting. First of all, futures
are pointing green again pointing up. But again, it doesn't
matter what this morning does, it's what it ends at
the end of the day. The Japanese, their stock market
went up four point seventy five. They put a new
prime minister in.
Speaker 4 (05:30):
Yeah, first female, I don't have all the bells, you know,
anything else that's.
Speaker 2 (05:34):
Going on with it, But to rise four point seventy
five percent, that's the heck of a day.
Speaker 3 (05:39):
She's very conservative, is what I heard. We'll have to wait,
we'll have to wait and see, but that's the that's
the initial word. So she's very conservative.
Speaker 2 (05:48):
So amazing.
Speaker 3 (05:50):
All right, Well, you've got a lot to you've got
a lot to do today, and we'll pick this conversation
up tomorrow morning at six thirty five and if you
need to reach mister Wheatrow before four one nine eight
two four thirty three hundred, timw at Witrowadvisors dot com,
(06:10):
also on Facebook and on LinkedIn. Advisory services are offered
through Capital Investment Advisory Services l LC. Securities are offered
through Capital Investment Group, a member of FINRA SIPC