August 9, 2025 • 12 mins
There’s one word that best describes this market. What word? TUNE IN TO FIND OUT!
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:34):
Hello and welcome to
this week's edition of The Big Money Report. I'm your
host, David Boothe, President and Chief Investment Officer at BIG Investment
Services. That's B-I-G, Boothe Investment Group.
We're a full-service financial advisory based out of Dover, Delaware, serving
clients all across America. And you
(00:56):
can read all about us at abigplan.com. That's www.abigplan.com. I
like to put the show together once a week just to give you a recap of the week behind.
and a peek at the week and weeks to come. Trying to keep you
up to speed with you and your money. And we're glad you're with us today. It
is Friday, August 8th, 2025. Some big
(01:16):
shout outs to Mike, Margie, John, Carl, Ed. Big
shout out to my wife's aunt Betty turning 100 this
weekend. And a big shout out to our marketing director, Tessa McDonald.
I call her T-Mac. She is amazing. Always making us
look great out there in the public eye. She's been really working hard with a
lot of different projects over the past few months. But we were talking a
(01:37):
couple of weeks ago, and she said to me, she said, you know, they changed the rules on
Google reviews. I said, they did? She said, yeah. It used to be that you could not ask
for Google reviews in our industry, but now you can. I said, well, great. That's wonderful. She
says, no, it's not wonderful. I said, why is that? She said, because there's
a firm in town that manages less than 1.5% of
the money that we manage, and they've got twice as many Google reviews. She
(01:58):
said, so you need to say something on your podcast. So consider it
done, TMAC. I've done what you asked. See, I've learned, folks, not to
argue with my people. They are the best at what they do, so I just do
what I'm told, because they're that good. So if you happen to be on the computer this
weekend, hey, think about us, jump on there, Google, show us
a little love. We certainly would appreciate it. Hey, let's go and jump in the numbers. Let me tell you
what's going on out there. Markets, wow. There's
(02:22):
one word for this market, resilient, at a
level that I've very rarely seen in my career a
market as resilient as the one that we're in right now. You know,
last week, it looked like things were rolling over and that we
may get a little bit more of a substantial pullback in the market. It
dropped from high to low about 3%, and I thought
we would probably work our way down five to seven. Because the market is just
(02:45):
kind of a lot of different things pointing to the fact that that could very well be
in the cards. But come Monday morning, things are just firmed right
back up again. And then this market pushed higher for the week. So Dow
Jones up 1.3 percent this week, S&P up 2.4, NASDAQ up 3.8, and
the Russell small cap index up 2.3 percent this week. All
major indices pushing higher. Volatility index just tanked
(03:08):
this week, down 25%, coming in at 15. It's just
really down at a complacent level there, and it could go lower. I've seen the volatility index
hang out around 11, 12 for some time in the past, so we'll
see how that goes. Long-term bonds, they're still not doing anything,
down 0.6% in the week, still negative on the year, looking at the
TLT there. Interest rates just kind of hanging right where they
(03:29):
are. Sometimes they drift a little higher, they'll start to drift lower, and then they stop and
turn back up again. When we take a look at all the different sectors,
all the growthy areas of the market doing well this
week. Remember last week it was like all the defense, like utilities. Not
this week. Utilities are only up half a percent. Energy was down 0.7. Healthcare
down 0.7. But then you look at the growthy areas. Technology
(03:51):
up 3.4. Communication services up 1.4. Discretionary
up 3.5. Semiconductors 3.3. So
a lot of move higher here for areas of the market that are
showing growth. And then metals, gold hitting
a record of another 1.2% this week, hitting a
record. And I tell you what, I love it. Well, we've got Kinross Gold.
(04:13):
That's a gold mining company we have in our models. We picked it up back in
2022, around $5.50 a share added to it when it went a little bit lower than there. And
now today, I mean, it's just ripping. I mean, it's up to 19 bucks a share.
It was up 17% this week on an upgrade. It's
up 104% year to date. Stocks has
(04:33):
been on fire. Now we've trimmed it along the way. And as a matter
of fact, if you listen week in and week out, you know, I was watching the
stock. I was even thinking about maybe pulling the trigger on this thing
and cashing it out there a couple months ago because the technicals were
looking stretched both for gold and for the miners, but I
held on because it wasn't stretched enough. And Ken Ross
(04:54):
has digested that big move and now it's moved higher. And
it looks like there's just no quit for gold or gold-related investments.
And then today on Friday, The Trump administration mentioned something about potential
tariffs on imported gold. So that could be interesting as
well. So anyway, I love it. Go ahead, go hire gold.
Silver, gold sister there doing well is also up 3.8% on the
(05:15):
week. So what's moving markets this week? Mainly earnings, mainly earnings.
We've got 90% of S&P 500 earnings have come out now. It's
been an overall good earning season. Earnings growth has
been coming in just over 11%, so better than
expected. Revenue growth kind of in line with expectations. So everything's
been looking pretty good there. A couple of things I haven't liked about this earnings season. We've
(05:36):
seen companies that beat earnings.
The responses have been rather muted in a lot of cases, not in
all cases. I mean, we've had some good responses. We had Shopify, right?
That was up 26% this week. We've got that in our models,
that ripped tires up 40% on the year. And we had Pfizer that
had a strong week. They had a good number. So we've had some good responses
(05:58):
to some of our holdings. But when companies miss, they
just seem to be getting clobbered. And a lot of other companies that have done well
haven't had quite the gain you'd expect. They'd have a big move higher, and
then they give some of it back. That looks a little bit sloppy when
it comes to earnings. We like to see stronger moves there. We did have one
stock not do well this week, Audity. We don't have that in many models.
(06:18):
It's only in one model, the most aggressive model that we have. It's
a very small position. It's the smallest position in the model. That
stock was down 18% this week, but it's still up over 50% from
when we bought it a few months ago. See what I'm talking about? It's a volatile stock kind
of all over the place. But anyway, we're doing great. Things look really good. AMD, I
mentioned that last week because they had their earnings. I was concerned how that might go. We
(06:40):
trimmed it last Friday at $180 a share, $180.52 actually. They
did report the report was not as strong as the market wanted. The stock
took a big hit, went all the way down into the 150s, the
day of earnings, and we stepped in and bought it for all
of our new clients and folks that have added money in
recent weeks. We bought it for you at 159. And
(07:03):
guess what? It finished the week at 172, came right back, actually finished
up 0.6% on the week. I think the stock goes a lot higher. I
think once it crosses 203, it's going to go a whole lot higher. So we'll see.
All in all, it's been a good earnings season. I just don't think that
the reactions to some of the earnings have been what
we'd like to see. We'd like to see a little bit stronger reactions to the positive and
(07:24):
maybe not quite such a beat down as we've seen on
some of the negatives. So a little bit more volatility in
that regard. But look, my friend over there at Earnings Scout, Nick
Rake, I talked about him before, does great work, really
tracks the delta, the rate of change on
earnings. And we've discovered that's much more powerful than the earnings themselves. as
(07:45):
far as the direction of stock prices, the deltas are
improving. They are improving, and that would suggest that this market
looks constructive longer term. So what about the short term, next few
weeks, next couple of months? We work with some of the best technical analysts
in the country, maybe the world, and the next
few weeks, given what this market just did here this week, it could actually push
(08:05):
a bit higher. Looking at the next month or two or so, a
giveback is definitely in the cards here. But look,
just set all that stuff aside and looking out a year from now,
this market looks ridiculously constructive. The things that it
has done since the April lows are historic. Some
of the things that it's accomplished are historic. And the markets have done
(08:26):
this in times past. It has meant very
good things looking out longer term, looking out a year or
so. So I think the market presses onward and upward over the long run. I
think it can press onward again in the short term, the next few weeks as
possible. I do expect a pullback, folks. And if we get
one, I've got a shopping list. There are some things I want to buy.
(08:47):
I'm really excited to buy them. Well, there's a couple of stocks that reported good
numbers. Really good numbers this quarter, but there's
a little thing here, a little thing there the market didn't like and they took a beating. Not
a bad beating, but they got hit, they got knocked down. And I think those
are great buying opportunities, but I think they got a little bit
further to go to the downside before we step in. So I do have a shopping list
of things I want to add to some of our models. We'll be doing that in coming
(09:10):
days or weeks if they just slide a little bit lower. But
things are looking really good. In other news this week, Trump fired the Bureau
of Labor Statistics chief over the jobs number last week. And
listen, it's been all over the news. Everyone's making a big deal about it. Let me say this. The
person deserves to get fired and everyone in the department probably deserves
to be re-interviewed to see if they should be staying in their
(09:30):
positions. And the entire system there should probably be unplugged and
thrown out the window and just start all over because these numbers
are terrible. Now, what I didn't like about President Trump's firing
of the BLS chief is his premise. He was stating that the
numbers are rigged. Well, Mr. President, and this was brought up to
him on CNBC earlier in the week with a great interview with Joe
(09:51):
Kernan, who pressed back, he said, look, Biden had huge revisions
to the negative also. As a matter of fact, I remember it was a negative
1 million job revision. We had 1 million fewer
jobs created over the course of a year than what we thought we had created. Trump
just had 248,000 last week. Someone's not
doing their job in that department, so fine, let him fire them. I
(10:13):
didn't care for their premise, but I don't mind the fact that they're mixing things up
over there. Here's one for you. Check this out. Of all
the jobs data that we got, that jobs number, the
number that was off the most were the government job totals.
Now, come on, you're a government agency and you can't even get the government jobs right?
There's a problem there, right? So, okay, mix it up, fix it,
(10:35):
because we need good data. That's one thing we do need. Looking at
other things, I think that we had some economic data this week that wasn't
that great. The ISM services numbers were pretty lousy, and
we are a service-based economy, so that wasn't so good. But, you know, GDP
growth continues to hang in. When you listen to what the companies are
saying as they report, we're hearing some mixed messages. The
(10:55):
banks are saying the consumer is great. Some of the retailers are saying not so
much. But now look at Shopify, they knocked the cover off the ball. So
again, I just think it's kind of mixed and cloudy. Maybe things are slowing down
a bit, but I don't think they're going over a cliff yet. Things are hanging
in. So look, I'm gonna go ahead and wrap up. But between now and next few
minutes, you're thinking about your future, your long-term goals, all the things you want to
do with you and your money. Retire. Retire
(11:18):
a little early. Take that big trip. Buy that RV
or boat. Travel the country. Hey, you know what you want to do. Don't just think about it.
Think big. Think B-I-G. And I will talk to
Thank you for listening to this week's edition of the Big Money Report with
your host, David Boothe, President and Financial Advisor at
BIG Investment Services. For more information on BIG and
(11:42):
how you can access their planning and investment management services, visit
them at abigplan.com. That's abigplan.com. Or
call them toll free at 866-946-PLAN. That's 866-946-7526. The
foregoing content reflects the opinions of David Boothe and Boothe Investment Group,
(12:02):
Inc., and is subject to change at any time without notice. There's no guarantee
that the statements, opinions, or forecasts provided herein will prove to
be correct. Content provided herein is for informational purposes only and
should not be used or construed as investment advice or a recommendation regarding the
purchase or sale of any security. All investing involves risk, including the
potential for loss of principal. There is no guarantee that any investment plan or
Hello and welcome to
this week's edition of The Big Money Report. I'm your
host, David Boothe, President and Chief Investment Officer at BIG Investment
Services. That's B-I-G, Boothe Investment Group.
We're a full-service financial advisory based out of Dover, Delaware, serving
clients all across America. And you
(00:56):
can read all about us at abigplan.com. That's www.abigplan.com. I
like to put the show together once a week just to give you a recap of the week behind.
and a peek at the week and weeks to come. Trying to keep you
up to speed with you and your money. And we're glad you're with us today. It
is Friday, August 8th, 2025. Some big
(01:16):
shout outs to Mike, Margie, John, Carl, Ed. Big
shout out to my wife's aunt Betty turning 100 this
weekend. And a big shout out to our marketing director, Tessa McDonald.
I call her T-Mac. She is amazing. Always making us
look great out there in the public eye. She's been really working hard with a
lot of different projects over the past few months. But we were talking a
(01:37):
couple of weeks ago, and she said to me, she said, you know, they changed the rules on
Google reviews. I said, they did? She said, yeah. It used to be that you could not ask
for Google reviews in our industry, but now you can. I said, well, great. That's wonderful. She
says, no, it's not wonderful. I said, why is that? She said, because there's
a firm in town that manages less than 1.5% of
the money that we manage, and they've got twice as many Google reviews. She
(01:58):
said, so you need to say something on your podcast. So consider it
done, TMAC. I've done what you asked. See, I've learned, folks, not to
argue with my people. They are the best at what they do, so I just do
what I'm told, because they're that good. So if you happen to be on the computer this
weekend, hey, think about us, jump on there, Google, show us
a little love. We certainly would appreciate it. Hey, let's go and jump in the numbers. Let me tell you
what's going on out there. Markets, wow. There's
(02:22):
one word for this market, resilient, at a
level that I've very rarely seen in my career a
market as resilient as the one that we're in right now. You know,
last week, it looked like things were rolling over and that we
may get a little bit more of a substantial pullback in the market. It
dropped from high to low about 3%, and I thought
we would probably work our way down five to seven. Because the market is just
(02:45):
kind of a lot of different things pointing to the fact that that could very well be
in the cards. But come Monday morning, things are just firmed right
back up again. And then this market pushed higher for the week. So Dow
Jones up 1.3 percent this week, S&P up 2.4, NASDAQ up 3.8, and
the Russell small cap index up 2.3 percent this week. All
major indices pushing higher. Volatility index just tanked
(03:08):
this week, down 25%, coming in at 15. It's just
really down at a complacent level there, and it could go lower. I've seen the volatility index
hang out around 11, 12 for some time in the past, so we'll
see how that goes. Long-term bonds, they're still not doing anything,
down 0.6% in the week, still negative on the year, looking at the
TLT there. Interest rates just kind of hanging right where they
(03:29):
are. Sometimes they drift a little higher, they'll start to drift lower, and then they stop and
turn back up again. When we take a look at all the different sectors,
all the growthy areas of the market doing well this
week. Remember last week it was like all the defense, like utilities. Not
this week. Utilities are only up half a percent. Energy was down 0.7. Healthcare
down 0.7. But then you look at the growthy areas. Technology
(03:51):
up 3.4. Communication services up 1.4. Discretionary
up 3.5. Semiconductors 3.3. So
a lot of move higher here for areas of the market that are
showing growth. And then metals, gold hitting
a record of another 1.2% this week, hitting a
record. And I tell you what, I love it. Well, we've got Kinross Gold.
(04:13):
That's a gold mining company we have in our models. We picked it up back in
2022, around $5.50 a share added to it when it went a little bit lower than there. And
now today, I mean, it's just ripping. I mean, it's up to 19 bucks a share.
It was up 17% this week on an upgrade. It's
up 104% year to date. Stocks has
(04:33):
been on fire. Now we've trimmed it along the way. And as a matter
of fact, if you listen week in and week out, you know, I was watching the
stock. I was even thinking about maybe pulling the trigger on this thing
and cashing it out there a couple months ago because the technicals were
looking stretched both for gold and for the miners, but I
held on because it wasn't stretched enough. And Ken Ross
(04:54):
has digested that big move and now it's moved higher. And
it looks like there's just no quit for gold or gold-related investments.
And then today on Friday, The Trump administration mentioned something about potential
tariffs on imported gold. So that could be interesting as
well. So anyway, I love it. Go ahead, go hire gold.
Silver, gold sister there doing well is also up 3.8% on the
(05:15):
week. So what's moving markets this week? Mainly earnings, mainly earnings.
We've got 90% of S&P 500 earnings have come out now. It's
been an overall good earning season. Earnings growth has
been coming in just over 11%, so better than
expected. Revenue growth kind of in line with expectations. So everything's
been looking pretty good there. A couple of things I haven't liked about this earnings season. We've
(05:36):
seen companies that beat earnings.
The responses have been rather muted in a lot of cases, not in
all cases. I mean, we've had some good responses. We had Shopify, right?
That was up 26% this week. We've got that in our models,
that ripped tires up 40% on the year. And we had Pfizer that
had a strong week. They had a good number. So we've had some good responses
(05:58):
to some of our holdings. But when companies miss, they
just seem to be getting clobbered. And a lot of other companies that have done well
haven't had quite the gain you'd expect. They'd have a big move higher, and
then they give some of it back. That looks a little bit sloppy when
it comes to earnings. We like to see stronger moves there. We did have one
stock not do well this week, Audity. We don't have that in many models.
(06:18):
It's only in one model, the most aggressive model that we have. It's
a very small position. It's the smallest position in the model. That
stock was down 18% this week, but it's still up over 50% from
when we bought it a few months ago. See what I'm talking about? It's a volatile stock kind
of all over the place. But anyway, we're doing great. Things look really good. AMD, I
mentioned that last week because they had their earnings. I was concerned how that might go. We
(06:40):
trimmed it last Friday at $180 a share, $180.52 actually. They
did report the report was not as strong as the market wanted. The stock
took a big hit, went all the way down into the 150s, the
day of earnings, and we stepped in and bought it for all
of our new clients and folks that have added money in
recent weeks. We bought it for you at 159. And
(07:03):
guess what? It finished the week at 172, came right back, actually finished
up 0.6% on the week. I think the stock goes a lot higher. I
think once it crosses 203, it's going to go a whole lot higher. So we'll see.
All in all, it's been a good earnings season. I just don't think that
the reactions to some of the earnings have been what
we'd like to see. We'd like to see a little bit stronger reactions to the positive and
(07:24):
maybe not quite such a beat down as we've seen on
some of the negatives. So a little bit more volatility in
that regard. But look, my friend over there at Earnings Scout, Nick
Rake, I talked about him before, does great work, really
tracks the delta, the rate of change on
earnings. And we've discovered that's much more powerful than the earnings themselves. as
(07:45):
far as the direction of stock prices, the deltas are
improving. They are improving, and that would suggest that this market
looks constructive longer term. So what about the short term, next few
weeks, next couple of months? We work with some of the best technical analysts
in the country, maybe the world, and the next
few weeks, given what this market just did here this week, it could actually push
(08:05):
a bit higher. Looking at the next month or two or so, a
giveback is definitely in the cards here. But look,
just set all that stuff aside and looking out a year from now,
this market looks ridiculously constructive. The things that it
has done since the April lows are historic. Some
of the things that it's accomplished are historic. And the markets have done
(08:26):
this in times past. It has meant very
good things looking out longer term, looking out a year or
so. So I think the market presses onward and upward over the long run. I
think it can press onward again in the short term, the next few weeks as
possible. I do expect a pullback, folks. And if we get
one, I've got a shopping list. There are some things I want to buy.
(08:47):
I'm really excited to buy them. Well, there's a couple of stocks that reported good
numbers. Really good numbers this quarter, but there's
a little thing here, a little thing there the market didn't like and they took a beating. Not
a bad beating, but they got hit, they got knocked down. And I think those
are great buying opportunities, but I think they got a little bit
further to go to the downside before we step in. So I do have a shopping list
of things I want to add to some of our models. We'll be doing that in coming
(09:10):
days or weeks if they just slide a little bit lower. But
things are looking really good. In other news this week, Trump fired the Bureau
of Labor Statistics chief over the jobs number last week. And
listen, it's been all over the news. Everyone's making a big deal about it. Let me say this. The
person deserves to get fired and everyone in the department probably deserves
to be re-interviewed to see if they should be staying in their
(09:30):
positions. And the entire system there should probably be unplugged and
thrown out the window and just start all over because these numbers
are terrible. Now, what I didn't like about President Trump's firing
of the BLS chief is his premise. He was stating that the
numbers are rigged. Well, Mr. President, and this was brought up to
him on CNBC earlier in the week with a great interview with Joe
(09:51):
Kernan, who pressed back, he said, look, Biden had huge revisions
to the negative also. As a matter of fact, I remember it was a negative
1 million job revision. We had 1 million fewer
jobs created over the course of a year than what we thought we had created. Trump
just had 248,000 last week. Someone's not
doing their job in that department, so fine, let him fire them. I
(10:13):
didn't care for their premise, but I don't mind the fact that they're mixing things up
over there. Here's one for you. Check this out. Of all
the jobs data that we got, that jobs number, the
number that was off the most were the government job totals.
Now, come on, you're a government agency and you can't even get the government jobs right?
There's a problem there, right? So, okay, mix it up, fix it,
(10:35):
because we need good data. That's one thing we do need. Looking at
other things, I think that we had some economic data this week that wasn't
that great. The ISM services numbers were pretty lousy, and
we are a service-based economy, so that wasn't so good. But, you know, GDP
growth continues to hang in. When you listen to what the companies are
saying as they report, we're hearing some mixed messages. The
(10:55):
banks are saying the consumer is great. Some of the retailers are saying not so
much. But now look at Shopify, they knocked the cover off the ball. So
again, I just think it's kind of mixed and cloudy. Maybe things are slowing down
a bit, but I don't think they're going over a cliff yet. Things are hanging
in. So look, I'm gonna go ahead and wrap up. But between now and next few
minutes, you're thinking about your future, your long-term goals, all the things you want to
do with you and your money. Retire. Retire
(11:18):
a little early. Take that big trip. Buy that RV
or boat. Travel the country. Hey, you know what you want to do. Don't just think about it.
Think big. Think B-I-G. And I will talk to
Thank you for listening to this week's edition of the Big Money Report with
your host, David Boothe, President and Financial Advisor at
BIG Investment Services. For more information on BIG and
(11:42):
how you can access their planning and investment management services, visit
them at abigplan.com. That's abigplan.com. Or
call them toll free at 866-946-PLAN. That's 866-946-7526. The
foregoing content reflects the opinions of David Boothe and Boothe Investment Group,
(12:02):
Inc., and is subject to change at any time without notice. There's no guarantee
that the statements, opinions, or forecasts provided herein will prove to
be correct. Content provided herein is for informational purposes only and
should not be used or construed as investment advice or a recommendation regarding the
purchase or sale of any security. All investing involves risk, including the
potential for loss of principal. There is no guarantee that any investment plan or
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!