October 8, 2025 • 7 mins
What goes up must come down and it did yesterday. Tim has the details.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
I don't need to ask this question, but because of tradition,
I will.
Speaker 2 (00:06):
How are you, mister Wheetrow.
Speaker 3 (00:10):
I'm fantastic friend. Wednesday, you know, Wednesday, Wednesday, bast Wednesday.
That's right.
Speaker 1 (00:18):
We're halfway through, actually more than halfway through since the week,
since the week actually starts on Sunday.
Speaker 2 (00:24):
I mean, we're flying through this thing now.
Speaker 1 (00:26):
Lying the news, of course, out of Wall Street is
exactly what we said a couple of days this week already.
It cannot keep climbing. It has to at some point snap,
and it snapped yesterday. The seven day winning streak ended.
Gold price though hopped up. So give me some details
(00:46):
what happened yesterday.
Speaker 3 (00:47):
To cause all of this, Fred, I never thought it
was going to go red again. It's just been climbing
seven days in a row.
Speaker 2 (00:54):
You're right.
Speaker 3 (00:56):
The Dow was down one almost ninety two points, which
is point two of a percent, so not too big.
S a p five hundred and twenty five point sixty
nine points, which is point three eight of a percent,
and the NASAC off one hundred and fifty three points,
which is point sixty seven percent. The five day they're
all in the green. Yes, we had to pull back.
(01:17):
Futures are pointing higher right now, but again we don't
know until four o'clock close. Yes, gold hit an all
time high, went over four thousand. What incredible gold nuts. Now,
if you look at a couple of ETFs that hold
gold and silver, you have gold up fifty percent. GLD
is a ticker year to date, and silver at this
(01:39):
CTF I watch is SLB. It's up over sixty seven
percent gold and silver. Amazing.
Speaker 2 (01:46):
Nice.
Speaker 3 (01:47):
But yeah, and we had what was pushing the market
to what was pulling on the markets. It just like, Okay,
we're gonna roll with it and go to which tech
company is going to get in with AI and do
something and also may go up If Dell it climbed
three point five the executives kind of pumped up and said, hey,
we're going to do more with the AI against microsystems
(02:07):
tacked onto what they went up the other day at
three point eight percent, and IBM rose one and a
half percent. But then you have on the other hand, Tesla,
who I think is making a change here. They're saying, hey,
where are the lower the prices of these cars? We're
going to make them for the less amount change. Some
things in them, sell them for less. First there's that
pops before a big announcement. Then they go out to
(02:28):
say what they're doing, and then they go back down
by four point four percent. Come on, I think he's
been an innovative. If you want to sell phone, you
have to change what you need to change to get
it to the public, so that way they buy it.
Is that right?
Speaker 2 (02:41):
Yeah?
Speaker 1 (02:41):
And part of that is also that the seventy five
hundred dollars tax credit that you were getting for buying
an electric vehicle also just disappeared, so their sales were starting.
Their sales climbed because people were grabbing those cars before
that seventy five hundred dollars disappeared. I think they were
worried that if they don't get that seventy five hundred dollars,
(03:03):
they're going to see a sales tank.
Speaker 2 (03:06):
So you know what, let's put out a cheaper model.
See if that helps.
Speaker 3 (03:10):
I think he's way ahead of the curve. Have you
heard any other car company doing that?
Speaker 2 (03:13):
Not yet? No, no, not yet.
Speaker 3 (03:16):
It's like, come on, you've got to change with your surroundings.
If you stay stabnant, you're gonna go nowhere. And I
think at least he's trying. You actually lost the seventy
five hund which is a big deal, but you have
to do something to move your vehicles. Oracle also was down.
They took a big jump cause they got involved with AI,
or said they were going to participate, but it was
down two minus two point five percent. Uh, talking about
(03:41):
slim margins on some of their stuff. So yeah, it's
it's been very interesting. And gas is down. I mean
I built up yesterday. It's like, wow, two ninety one cents.
The average in Ohio isn't bad. That's what's going to stimulate.
Speaker 2 (03:56):
No, that's not that's not so bad.
Speaker 1 (03:57):
But the price of diesel is when we got to
keep As you've said numerous times, you know, we have
to watch that because that's the one that's driving the market.
Speaker 3 (04:05):
Really, that's what we're moving stuff around with three sixty
seven CENTUS below three seventy. Again, I hate to say
that because tomorrow to private three seven.
Speaker 2 (04:13):
Yeah.
Speaker 1 (04:13):
Now, I don't know if you're watching this, watching this
or not, or if this shows up in any of
the reports or any of the stuff that you see,
but we've been talking about AI and all these companies
that are delving into it, diving in investments and everything else.
And I get that they're doing it because with AI,
they're hoping, Okay, my company will be so much more productive.
Speaker 2 (04:36):
I won't have to rely on humans as much. It'll
be so much more productive.
Speaker 1 (04:40):
But the opposite side, the obverse of that, is what
happens when you have AI doing all of these things
and you don't need people to do all these things,
you just need one guy who knows how to do
the AI. What happens to all of those people and
what happens to that company at that point, I.
Speaker 3 (05:02):
Think you're going to have people that will lose jobs.
But it's just like the Industrial Revolution. I mean, we
were out farming doing things a lot differently before we
got the old tractor out there, and that did away
with jobs and things like that. We should be able
to morph because new jobs will be created. But you're right,
even in the office, we call so many places where
(05:23):
a machine answers, it directs you here and there. What
happens if that's not working. That's why it drives me
crazy that we're losing the contact between people. Yes, I
have to innovate, Yes I have to change things at
our place, but I'm still going to have that one
on one. There's no sense of what you do it
on your own, you go out and do it. You
can do it through this. You can set your appointment.
(05:44):
You know, you have to have some human touch. Not
everybody wants to go on and do it themselves.
Speaker 2 (05:50):
Yeah. No, And and that's why I appreciate about your company.
Speaker 1 (05:54):
When I call, the real person actually answers and I
can have a conversation with them as opposed to select
one for this, select two for that, blah blah blah
blah blah.
Speaker 2 (06:05):
And I have to wait to show up on.
Speaker 3 (06:07):
My phone, you know exactly. And I hope I don't
overstep here for it. But sometimes, you know, you get emails,
people go back and forth. You sometimes it can be
taking care of five minutes on the phone, just talk
about it.
Speaker 2 (06:17):
Oh absolutely, It's.
Speaker 3 (06:18):
Amazing how much less work I would have to do.
Speaker 2 (06:22):
What do the futures looked like this morning? Their boss?
Speaker 3 (06:25):
Right now, they're pointing up. I hope I didn't step
into there. The futures are pointing up right now. So
get a rebound from our one day off on the market.
But we shall see uh interest rates ten years sitting
at four point one zero the two years sitting at
three point five six.
Speaker 1 (06:42):
I will talk again tomorrow morning if you need to
reach Tim before then four one nine eight two four
thirty three hundred timw Atwetroadvisors, dot Com, Facebook and LinkedIn
also advisory services offered through Capital Investor Advisory Services LC
(07:03):
Securities offered through Capital Investment Group, a member of FENRA
SIPC
I don't need to ask this question, but because of tradition,
I will.
Speaker 2 (00:06):
How are you, mister Wheetrow.
Speaker 3 (00:10):
I'm fantastic friend. Wednesday, you know, Wednesday, Wednesday, bast Wednesday.
That's right.
Speaker 1 (00:18):
We're halfway through, actually more than halfway through since the week,
since the week actually starts on Sunday.
Speaker 2 (00:24):
I mean, we're flying through this thing now.
Speaker 1 (00:26):
Lying the news, of course, out of Wall Street is
exactly what we said a couple of days this week already.
It cannot keep climbing. It has to at some point snap,
and it snapped yesterday. The seven day winning streak ended.
Gold price though hopped up. So give me some details
(00:46):
what happened yesterday.
Speaker 3 (00:47):
To cause all of this, Fred, I never thought it
was going to go red again. It's just been climbing
seven days in a row.
Speaker 2 (00:54):
You're right.
Speaker 3 (00:56):
The Dow was down one almost ninety two points, which
is point two of a percent, so not too big.
S a p five hundred and twenty five point sixty
nine points, which is point three eight of a percent,
and the NASAC off one hundred and fifty three points,
which is point sixty seven percent. The five day they're
all in the green. Yes, we had to pull back.
(01:17):
Futures are pointing higher right now, but again we don't
know until four o'clock close. Yes, gold hit an all
time high, went over four thousand. What incredible gold nuts. Now,
if you look at a couple of ETFs that hold
gold and silver, you have gold up fifty percent. GLD
is a ticker year to date, and silver at this
(01:39):
CTF I watch is SLB. It's up over sixty seven
percent gold and silver. Amazing.
Speaker 2 (01:46):
Nice.
Speaker 3 (01:47):
But yeah, and we had what was pushing the market
to what was pulling on the markets. It just like, Okay,
we're gonna roll with it and go to which tech
company is going to get in with AI and do
something and also may go up If Dell it climbed
three point five the executives kind of pumped up and said, hey,
we're going to do more with the AI against microsystems
(02:07):
tacked onto what they went up the other day at
three point eight percent, and IBM rose one and a
half percent. But then you have on the other hand, Tesla,
who I think is making a change here. They're saying, hey,
where are the lower the prices of these cars? We're
going to make them for the less amount change. Some
things in them, sell them for less. First there's that
pops before a big announcement. Then they go out to
(02:28):
say what they're doing, and then they go back down
by four point four percent. Come on, I think he's
been an innovative. If you want to sell phone, you
have to change what you need to change to get
it to the public, so that way they buy it.
Is that right?
Speaker 2 (02:41):
Yeah?
Speaker 1 (02:41):
And part of that is also that the seventy five
hundred dollars tax credit that you were getting for buying
an electric vehicle also just disappeared, so their sales were starting.
Their sales climbed because people were grabbing those cars before
that seventy five hundred dollars disappeared. I think they were
worried that if they don't get that seventy five hundred dollars,
(03:03):
they're going to see a sales tank.
Speaker 2 (03:06):
So you know what, let's put out a cheaper model.
See if that helps.
Speaker 3 (03:10):
I think he's way ahead of the curve. Have you
heard any other car company doing that?
Speaker 2 (03:13):
Not yet? No, no, not yet.
Speaker 3 (03:16):
It's like, come on, you've got to change with your surroundings.
If you stay stabnant, you're gonna go nowhere. And I
think at least he's trying. You actually lost the seventy
five hund which is a big deal, but you have
to do something to move your vehicles. Oracle also was down.
They took a big jump cause they got involved with AI,
or said they were going to participate, but it was
down two minus two point five percent. Uh, talking about
(03:41):
slim margins on some of their stuff. So yeah, it's
it's been very interesting. And gas is down. I mean
I built up yesterday. It's like, wow, two ninety one cents.
The average in Ohio isn't bad. That's what's going to stimulate.
Speaker 2 (03:56):
No, that's not that's not so bad.
Speaker 1 (03:57):
But the price of diesel is when we got to
keep As you've said numerous times, you know, we have
to watch that because that's the one that's driving the market.
Speaker 3 (04:05):
Really, that's what we're moving stuff around with three sixty
seven CENTUS below three seventy. Again, I hate to say
that because tomorrow to private three seven.
Speaker 2 (04:13):
Yeah.
Speaker 1 (04:13):
Now, I don't know if you're watching this, watching this
or not, or if this shows up in any of
the reports or any of the stuff that you see,
but we've been talking about AI and all these companies
that are delving into it, diving in investments and everything else.
And I get that they're doing it because with AI,
they're hoping, Okay, my company will be so much more productive.
Speaker 2 (04:36):
I won't have to rely on humans as much. It'll
be so much more productive.
Speaker 1 (04:40):
But the opposite side, the obverse of that, is what
happens when you have AI doing all of these things
and you don't need people to do all these things,
you just need one guy who knows how to do
the AI. What happens to all of those people and
what happens to that company at that point, I.
Speaker 3 (05:02):
Think you're going to have people that will lose jobs.
But it's just like the Industrial Revolution. I mean, we
were out farming doing things a lot differently before we
got the old tractor out there, and that did away
with jobs and things like that. We should be able
to morph because new jobs will be created. But you're right,
even in the office, we call so many places where
(05:23):
a machine answers, it directs you here and there. What
happens if that's not working. That's why it drives me
crazy that we're losing the contact between people. Yes, I
have to innovate, Yes I have to change things at
our place, but I'm still going to have that one
on one. There's no sense of what you do it
on your own, you go out and do it. You
can do it through this. You can set your appointment.
(05:44):
You know, you have to have some human touch. Not
everybody wants to go on and do it themselves.
Speaker 2 (05:50):
Yeah. No, And and that's why I appreciate about your company.
Speaker 1 (05:54):
When I call, the real person actually answers and I
can have a conversation with them as opposed to select
one for this, select two for that, blah blah blah
blah blah.
Speaker 2 (06:05):
And I have to wait to show up on.
Speaker 3 (06:07):
My phone, you know exactly. And I hope I don't
overstep here for it. But sometimes, you know, you get emails,
people go back and forth. You sometimes it can be
taking care of five minutes on the phone, just talk
about it.
Speaker 2 (06:17):
Oh absolutely, It's.
Speaker 3 (06:18):
Amazing how much less work I would have to do.
Speaker 2 (06:22):
What do the futures looked like this morning? Their boss?
Speaker 3 (06:25):
Right now, they're pointing up. I hope I didn't step
into there. The futures are pointing up right now. So
get a rebound from our one day off on the market.
But we shall see uh interest rates ten years sitting
at four point one zero the two years sitting at
three point five six.
Speaker 1 (06:42):
I will talk again tomorrow morning if you need to
reach Tim before then four one nine eight two four
thirty three hundred timw Atwetroadvisors, dot Com, Facebook and LinkedIn
also advisory services offered through Capital Investor Advisory Services LC
(07:03):
Securities offered through Capital Investment Group, a member of FENRA
SIPC
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