Let's Talk Money

August 8th, 2026.

Episode Transcript

Speaker 1 (00:00):
Good morning, folks. Here we are hug is safe. It
doesn't seem possible. Enjoy the summer, folks. Forget about the
stock market. I keep telling you, forget about those weeks
where the market's down. Forget about it. Don't even let
it fother you. Enjoy this summer. Before the summer leaves us.
It was one heck of a week in the markets.

(00:21):
I'll tell you that the SMP up three point six percent,
NAZDAK up five point two percent, Russell two thousand up
three point five to two percent. Folks, it was a
good week. It's been a good year too. You're to
date the SMP up thirteen point three percent, with dividends

(00:41):
over fourteen percent, NASDA can Posite up fifteen percent, the
QQQ and for our clients QQQM. If you don't know
what that means, ask me. But our clients own both
QQQ and QQQN, and that one hundred largest companies in
NASDAC is up eighteen percent year to day. Who said

(01:06):
the market can't go up? A war going on in
the Middle East, all the bad news bears, all the
craziness in this country politically wise, and everything else. With
all of that, the market is resilient, folks. It trades
on the fundamentals of the economy, and the economy is

(01:27):
good and corporate America is earning money. Folks. We are
in a good spot. There's no reason for this market
to really take a nosedive, none that we can see,
not yet. But remember, the market doesn't like unexpected surprises,
so who knows. We could wake up any day. There
could be an unexpected surprise. But for long term investors,

(01:50):
just forget about it, folks, Just forget about all the
bad news. Bears. Do not listen to your coworkers at
the water cooler, and for those of you working remotely,
do not listen to the chatterbox, the internal thread that
you know you think one of your coworkers knows more
than the experts. Even the experts don't know. Nobody has

(02:14):
a crystal ball, although I do. I do have a
crystal ball. For client gifted it to me a couple
months ago. I have it in my conference room in
our Saratoga office, pure crystal. It was in her family
for years. She hears me talk about my crystal ball
that I don't have. Now I have a crystal ball,

(02:34):
but all it does is just gives me a reflection
of me back. It doesn't give me any insight into
the future. When it comes to the stock market, folks,
nobody knows what's going to happen. But this is why
long term investors have to focus on, really what is
their goal? How much comfort can you take in owning

(02:58):
stocks which are volatile, so are bonds, in real estate
and commodities like gold. Every asset class is volatile, but
stocks get the headline news all the time, so people
think stocks are risky. Stocks are not risky, folks, They
are volatile. There's risk in every asset class. There's risk

(03:19):
in holding cash. If you got cash stuck under your mattress,
you're not getting a good night's sleep. It's lumpy, lumpy, lumpy.
You're not getting a good night's sleep. Even cash brings
risk because we have inflation inflation right now somewhere let's
say in the three percent neighborhood. It changes obviously with

(03:42):
every report, but the Fed wants it to be two percent.
But we're closer to three percent than we are two percent,
and that's okay. Over time inflation, If you go back, folks,
to the last fifty years, last hundred years, inflation has
been about three point four percent, to be exact. So
if you're earning nothing on your money and inflation is

(04:04):
three point four, guess what your real return is negative
three point four because that inflation is eating away at
the purchasing power of the money sitting under your mattress.
You get what I'm saying. Even folks that keep money
safe or not taking any risk, it's not a good
thing to do. Folks. It's just not a good thing

(04:26):
to do. Now, you know. You hear me talk about bonds,
and I like bonds at these levels, although I personally
don't own any bonds. You know, my money is invested
just like my client's. The only difference is I'm invested purely, solely,
exclusively in stocks. I don't care when the stock market
goes down. I don't care when we have some bad days,

(04:49):
bad weeks, bad months. I don't care. I'm invested for
the long term. I'm still working. I get a paycheck.
I don't have to worry about the next few months.
I'm getting paid. So my money could work hard for
me in the stock market, and it does work hard
for me in the stock market. So I would rather

(05:11):
own stocks than any other asset class. But that is
just me. That's not for everybody. Everybody has different tolerances
for risks, so do not copy me. Although we do
have a lot of clients they say, however, Steve is invested,
I want to be invested just like that, And I
show my advisors, show every prospective client and any current

(05:35):
client who wants to see my portfolio. It's there for
them to see. I'm very transparent. Very few advisors throughout
the country can say that I am very transparent. I
don't have any secrets. I'm an open book. So you know,
if you have your money safe, you know, let's say
you're in a one year treasury earning four percent and

(05:58):
inflation is three your real greater return is one percent.
The four percent you're earning and less inflation the purchasing
power of your money. Your real return is one percent.
And if you're investing in the SMP this year and
you're up fourteen percent and inflation is three percent, your

(06:21):
greater return is eleven percent. That's how it works. That's
how you have to think about investing. And remember you
hear me say often you get one one opportunity to
retire one You're not getting another bite at that apple
or not in the same way, you get one opportunity

(06:42):
to retire. If you're not saving money for retirement now
while you're working hard, you may not be able to retire,
or at least not retire with the lifestyle you want.
And folks, listen, if you're going to work decades, work
in your rear endo, I'm sure you have a dream,

(07:04):
and your dream is to be able to retire and
enjoy that last third or quarter of your life, being
able to do things that you want. You deserve it.
You worked hard for all those decades. Decades, not years. Decades,
you're working decades. Most people start working in their twenties

(07:25):
after college, or if they don't go to college. You know,
some folks go to a trade school. And I'm all
in favor of that as well. Not every young boy
and girl wants to go to four years of college,
and especially these college professors teaching our young people nonsense.
Some people just don't want that. Some people want to
learn a trade, and folks, there's a lot some of

(07:49):
our most successful clients are those that started out in
a trade and they turn that trade into a business
and that business became successful. So You don't have to
go to a four year of college to be successful.
You can do a trade and be successful. You can
be a hard worker, a hard worker and be successful.

(08:13):
So if you're going to start work in your twenties,
you're going to work. Most people. Let's say you want
to retire at sixty or sixty five or seventy, whatever
it is. Everybody's different. I listened to a great interview
Joseph Carr, my dear friend, a winemaker. I was with
him this week. We had a nice fundraiser at the

(08:35):
Village Pizzeria and restaurante. One of my all time favorite,
Sandy Foster, my dear friend, has this annual event to
benefit cancer causes. Last year, that's how I learned about
Little Lily, the five year old who my heart just
goes out to. She's six now and she's still fighting
the fight of her life back in for treatments. My

(08:58):
heart just goes out or I can't do enough for
this little girl. That's what had me donate that van
to Flutter Express, which is a non for profit, local
non for profit in the Capital Region area that transports
people to New York City and Boston for treatments. Because listen,
it's a hassle to get into these big cities. And

(09:19):
it's one thing leaving early in the morning going down
for treatment. But after your treatment, folks, believe me, I
can attest to this, you're just not in the mood
to hop on a train or a bus or your
own car and drive back. You just you're you're just
exhausted mentally and physically. And Flutter Express transports people for

(09:44):
a phenomenal fee, and for those that can't paign, we
transport them. And it's one of the causes that I'm behind.
So anyway, Sandy Foster head a her annual toast to
the US is what it's called, and we had three
four hundred people at the Village Pizzeria. Thank god, we

(10:06):
had a beautiful night for Tuesday night. Joe Car was
a special guest that Joe Car has the number one
selling line in the country. Just an amazing guy. He
was on Fox Business yesterday and we raised a lot
of money and for two people, two causes. Bob Lloyd,
who is actually a dear friend of Sandy's been helping

(10:29):
her out for thirty years, a hard worker washing her
windows and so forth. And he's in advanced stages of
cancer and also Flutter Express. Sandy picked flutter Express, so
it was really a great event. But anyway, let me
stop there, let me give out our phone numbers. Please
call me with any questions you have any questions whatsoever.

(10:52):
I am here, Stephen Bouchet. I have some amazing colleagues.
They helped me with the show week in, week out,
and I appreciate the break here and there. I'm gonna
take a break tomorrow morning. My son Ryan, who just
returned last night from Ireland. He took his family to Ireland.

(11:12):
So if you have any questions about Ireland, call tomorrow.
Ryan will be doing the show tomorrow. But today you're
stuck with me. Stevie b. The phone lines are open
one eight hundred talk WGY one eight hundred, eight two, five, five, nine,
four nine. Any questions whatsoever. I mean, do you want

(11:34):
to talk about the Fed? Listen. I went on the record.
I went on the record. I put it out there, folks.
It's only my personal opinion. I said. I don't think
the Fed will raise interest rates the rest of the year.
I don't think they'll cut rates either. I think rates
will stay the same. Last week there was a ninety

(11:56):
percent chance for a hike. That dropped down the fish
eight percent after yesterday's jobs report. And I'm still on
record saying I don't think there will be a hike
this year. I don't think there will be. So if
you want to talk about defed, if you want to
talk about yesterday's jobs report, if you want to talk earnings,
Corporate America just reported the most profitable quarter in history,

(12:20):
literally the best earning surprise on record going back to
two thousand and eight, folks, So why does everyone do
feel broke? Why do you feel broke? We'll talk about
that gap between Wall Street and your wallet. Let's talk
about Iran and oil. That's the headlines. Iran oil, Iran oil,
AI spending, Artificial intelligence that's what AI stands for. Or

(12:43):
social security? Are you thinking about taking it before sixty two?
Here's the big question. And I want your calls. I
want you to call in. The stock market is within
a hair of an all time high again, isn't it
funny how that happens? The job market just went negative,
Inflation is still above two percent, and the Fed may

(13:06):
hid rate in September, they may not. Is this the
calm before the storm, or is the economy stronger than
it looks? Call me one eight hundred eight two five
fifty nine forty nine. Let me take a quick fifteen
second break. Don't go anywhere here. I am. I'm back.
Thank you for letting me wet my whistle. Somebody told

(13:28):
me that dates me saying that statement. I don't know
if it does or doesn't, but somebody told me it
dates me. I got a haircut last week too, and
I said to the woman cutting my hair, I said,
they tell me the girls love the curls. And they said,
you know, you're dating yourself with these statements. I don't know.

(13:48):
Maybe I got to get with the lingo get on
social media, Mark, But I am on social media, and
you know I use Facebook, folks, to to to talk
about the good that I try to do in and
around the community. Try to help as many people as
I can. Believe me, I try to share things where

(14:10):
I can help people. I as you know, a couple
of weeks ago, memorial Sloan Kethern told me I was
cancer free, folks. That's that's that's a new lease in
my life. As far as I'm concerned, I have a
new lease. Unlike the last two and a half years
have been just just grinding. I mean between me having

(14:34):
cancer treatments and I have used blotter Express. It wasn't
around two and a half years ago, but I did
use it in the last few months. Flutter Express has
been around for about a year and it's a beautiful
service at Francesca la Porto Brandau serves. And it came

(14:55):
about because she had stage four cancer a few years
ago and she said, God darn, and I'm going to
do something for the community. And she helped inspire me
even more. So, you know, one of my missions on
life is to help people. And I put something up
how I was cancer free, and I talked about, you know,

(15:15):
just some things and I had I had people reach
out to me. I I lost count, but probably twelve people,
most of them strangers, that I've been able to help
literally with a text or a phone call and make
a difference in their life. And you know, so, so
I put something up about the toast of the tatas

(15:38):
taught us fundraiser this week, and it's for public knowledge.
I don't hide too much, so you can go to
my Facebook page and take a look. But today I'm
here I'm yours for any financial question you have one
eight hundred eighty two five five nine, four nine, give
me a call. My my great, my amazing producer Katie

(16:03):
is there. You can talk to her first and then
you could talk to me. You like talking to Katie.
I like talking to Katie. She helps out with this
pro help show, helps make this show as one of
the premiere shows in the country regarding money and financial
planning and so forth. So what eight hundred eighty two

(16:25):
five four nine any questions whatsoever? So let's talk about
the jobs market. Listen, things are good, but yesterday jobs
reports show that the labor market shed some jobs in July.
And that was a surprise, a real surprise. I told

(16:45):
you earlier the stock market dozen jobs. Now economists were
expecting a positive gain of eighty three thousand jobs. That's
what economists surveyed by the Wall Street Journal expected. And
then you know it's all about the revisions. Actually, I
think President Trump fired whoever's in charge of the jobs

(17:10):
reporting because enough of these revisions. For May and June,
the revised numbers showed that there were one hundred and
three thousand fewer jobs in those two months alone. So
Not only did we lose twenty three thousand jobs last
month to month of July, but we lost a total

(17:31):
of one hundred and three thousand for the months of
May and June. So that's what we call a contraction.
That means that the economy isn't on fire. That means
that the FED may not have to raise interest rates.
That means that the Wall Street or I'm sorry, the
Las Vegas line of the FED raising interest rates went

(17:54):
from ninety percent chance of another height to a fifty
eight percent chance. And if you listen to Stevie b
it's zero percent chance. I'm going out on a limb here, folks.
I've done it before, and I've been right a lot
of times. I'm not right all the time, but I've
been right a lot of times, and I think I

(18:14):
think that's why my clients trust trust me and my
team because we call it like it is and we
share what we think. But after losing twenty three thousand
jobs for the month of July and one hundred and
three thousand fewer jobs in May and June, I'm telling
you there's no reason for the FED to raise rates
unless we get a real hot, hot hot report shown

(18:39):
that inflation has reared its ugly head. Inflation. You know
what inflation is about, folks. Inflation is when the price
of goods and services go up. That's inflation. In a nutshell,
When the price of goods and services go up, that's inflation.
When gas goes up, that's inflation. When milk and bread

(19:02):
go up, that's inflation. When your utility bill goes up,
that's inflation. So maybe, maybe, just maybe, with those soft
jobs numbers, you know, maybe the expectations of a rate
height by the Federal Reserve at its next meeting will

(19:22):
be low. And yesterday for the day, the SMP up
six tens percent, a record friday. The Nanstak was up
one point three percent yesterday, folks, one point three percent.
I love Nasdak. Our clients own as much Nasdak as

(19:43):
they own the broad stock market. That's why I love Nasdak.
I've owe I've owned Nasdak on behalf of my clients
for twenty five years. One of the reasons why our
returns have been stellar. Our clients are real happy with
the returns, and I'm real happy for them because I've

(20:03):
invested just like just like they are. One eight hundred
eighty two, five five, nine four nine. One eight hundred
eighty two five fifty nine forty nine. If you have
any questions, any questions whatsoever, give me a call. I
would love to love to talk to you about anything
that you want to talk about. Don't let me do

(20:26):
all the talk. And you know, help help help paint
the way and pay the way for for us to
talk about something that maybe maybe maybe you want to
talk about. I can't believe we're coming up to the
bottom of the hour. We're going to take a break
for the news. You are listening to Let's Talk Money,

(20:46):
brought to you by Bouchet and Answer Group where we
help our clients prioritize their health while we manage their
wealth for life. I Am going to be here on
the other side of the news break. You will hear
me talk to again, and if you have any questions
one eight hundred eight two five five to nine four nine,

(21:07):
anything you want to talk about, give me a call.
Believe me, it'll be a short news break. One eight
hundred eighty two five nine four nine. I'll see you
real soon. Thank you, Katie. That was really nice, a
little break for the news folks. Thank you for tuning
in today. I can't thank you enough for tuning in

(21:28):
every every Saturday at ten, every Sunday at eight. Tomorrow,
Ryan my son will be on after a week and
a half, two weeks in Ireland with his family, so
you'll have a lot of good questions for him and
maybe he'll bring you some of that Irish good luck.
So he'll be on tomorrow morning. I'm gonna take a
little break. I'm gonna go see the horses and the backbarns.

(21:51):
And you gotta get up early. The horses get up early.
They're out there on the track at five am. So
you know I'd like the horses. It's it's it's it's
a money losing hobby, but it's a lot of fun.
And listen, listen with my new lease on life, I
want to have a little fun. That's okay. I'm not

(22:12):
going to I'm not going to to to to to
blow that one. Eight hundred eighty two five five nine
four nine one eight hundred eighty two five fifty nine
forty nine. I know I spent a lot of time
in the first half of the show talking about, you know,
the the toast to the kind of fundraiser for cancer

(22:35):
and all the money got almost six figures we raised
Tuesday night and there's a golf tournament. You can go
to the Village Pizzeria Restaurante and if you haven't been
there to not only enjoy one of the best pizzas
in the area, but one heck of a meal and
a wine list that choke a horse. Sandy gets the

(22:58):
wine X Wine Spectator Windless of the Year award every years.
It's amazing. But go to their website and there's a
golf tournament that will also support Bob Lloyd the Gentleman,
that friend of Sandy who's in the advanced stage is
a cancer and also flutter Express Francesca Loporto and her

(23:23):
flutter Express. But you know, I sat on my Facebook
post and it's for you to see. If you're on Facebook,
go to the Facebook posts. It's up there for you
that you know, my mission in life is to give back,
and I think I'm gonna take a little break from
myself in October and planning it out. I think there's

(23:45):
I don't know if you've ever seen the movie The
Way with Martin Sheen, it's say about a spiritual walk Campella,
the Santiago, Spain, and it's a walk you start in France.
It's like a thirty five a spiritual pilgrimage walk. I'm
not here to get you know, crazy with your folks

(24:06):
about spiritual reality and pelgramage. I'm just saying, I think
I'm gonna do this walk. I'm gonna try my best
to do this walk, and you know, kind of just
think about how any other ways that I can possibly
help out people the best I can and do more

(24:27):
for people. That brings me joy. And you know, I'm
one of the choice that that I get is helping
you the listening audience. I've been doing radio now for
thirty one years, in business for thirty six, but helping
people on radio for thirty one years, getting you pointed
in the right direction, trying to get you to that

(24:49):
goal of retiring with the quality of life that you want.
I always like to say, if my clients decide to
work during retirement, it's because they're bored, silly, they want
something to do. A lot of our clients, you know,
they do not for profit volunteer work, or maybe they
they go and grab a just a job to fill

(25:13):
the day in Some people get lonely if they lose
their their their loved one. People go back to work
for a lot of reasons, but it's our goal to
make sure our clients don't go back to work because
they have to go back to work. Our goal is
our clients only to go back to work because they
want to go back to work. There you have it.

(25:34):
The alle mines are open. If I can help you
any way, I can give me a call. One eight
hundred eighty two five five nine four nine one eight
hundred eighty two, five fifty nine forty nine. So in
the first half of the show, I you know, I
had just finished up talking about jobs. We lost twenty

(25:54):
three thousand jobs in the month of July. We lost
a revised downward vision one hundred and three thousand jobs
for the months of May and June go on. You know,
I think, as I said, I think President Trump fired
whoever's in charge of putting these jobs reports the agency.

(26:17):
I'm pretty sure you fired her because we've had way
too many revisions. How come they can't get it right
the first time? What are they looking at? What that
are they looking at? You know? Here they give us
a jobs report, and more than likely the following month,
it gets revised. And when you lose a net one
hundred and three thousand jobs more, I'm telling you, folks,

(26:42):
one hundred and three thousand jobs May and June alone,
and then another twenty three thousand jobs, So one hundred
and twenty six thousand jobs for for three months in
a row, May, June and July. That's a lot of
jobs we lost, which is why you know I called it.
You know, the FED held when they met July twenty

(27:04):
eighth and twenty ninth. I you know, I was one
hundred percent right on that. I said they were going
to pause, which means no hip, no doubt. They held
in the three and a half the three point seventy
five range, the fifth consecutive meeting without a change. But
this was not just a rubber stamp. Everybody agrees that FED.

(27:28):
There's twelve of the nineteen FED governor's vote and they
voted nine to three. That means there's three press FED
presidents in that committee, on that committee that were in
favor of a quarter point hike last time they met
on July twenty eighth and twenty nine, So that is different.

(27:48):
That's really that's the most of sense since September of
twenty sixteen. So we're going back ten years when there
was that many. You know that usually they're all together,
maybe more one dicent vote, but here we had three
of the twelve, so it was nine to three. Kevin Walsh,

(28:08):
the Federal Reserve chair, called it a good family fight.
I like the way he worded it about a good family
fight and said he didn't see it as a bad thing.
That means Kevin Warsh and I believe he is going
to be good. Is the new FED chair replacing J Powell.
I think Kevin Walsh is. He's a local boy too,

(28:30):
grew up right right down the road in Loudonville. So
we have a local boy is the number one FED guy.
So what Kevin actually said was it was striking and
deliberately cryptic. Let me reiterate. This is his quote. Let
me reiterate. There is no soft inflation target, he told reporters.

(28:53):
There is no soft implicit target, not on this committee's watch.
There's only a target, and it's two percent. His quote,
not mine. The bond market responded immediately. The thirty year
treasury yield jumped to five point two one percent, the
highest level since two thousand and seven. Yes, five point

(29:16):
two seven percent or two one percent, five point two
one percent the highest level since two thousand and seven.
And as we sit here, you know, the money in
bonds because you don't want the volatility, not risk. I
don't want to repeat that too much. Some people call
the stock market risky when it goes up and down,

(29:38):
up and down, up and down in the stock market
will always go up and down up. I've given this
statistic forever for forty seven years, the average up and
down swing of the market high to low, the peak
to trough of the market, has been about fourteen percent
a year. It comes with the terror tory of investing.

(30:02):
And over the last eleven years, this being one of
the eleven years year to date, so we're only eight
months into it. Almost the stock market was down two years,
two years over the last two different calendar years over
the last you know, eleven So that's okay. If you

(30:24):
look at the bond market is measured by the ICE
shares core US aggregate bond indecks.

Speaker 2 (30:30):
Believe it or not, believe it or not, you know
it's it's it's been down because it's down year to date.

Speaker 1 (30:41):
Oh no, I'm sorry, it just turned it's up. Hold
on to the seat of your pants, folks. It was
down last time I did radio, it was down. I
just checked it. A point zero two percent. Oh baby,
that's like kissing your grandmother on their lips. Point zero
two percent. So turned positive. So the bond market was

(31:04):
down in twenty twenty one and twenty twenty two, two
of the last eleven years, and the stock market, ironically,
believe it or not, is measured by the SMP, also
down two different calendar years, twenty eighteen and twenty twenty
two as well. The mod market was down almost as

(31:25):
much as the stock market in twenty twenty two. So
there you have it, folks. So I like Kevin Walsh.
I like what he's talking about. I mean when he
comes out and uses this word twice. There is no
sought implicit target. Let me reiterate, there is no soft

(31:49):
inflation target. That's Kevin Walsh's words, not mine the Federal
Reserve share. So I think listen, I'm always optimistic about
the future of the stock market. I've been this way forever.
Endeavor endeavor, which is why one hundred percent of my
money is invested all in the stock market. I don't

(32:10):
own bonds. I don't want to own bonds. And if
you come in and you you want to see what
we're about to take advantage of our pro bono free
that's a better word for free, a fancy word for free.
Initial consultation. Come on in, you know, we'll we'll put
my my my portfolio up there and you can you

(32:35):
can see it. But you know, over time, you know, listen,
I'm optimistic. I think when not it not if let
me repeat myself, not it when when this war comes
to an end, and it will, I think that you'll
see the stock market continue its upward. March one, eight

(32:59):
eighty two, five five nine four nine. One eight hundred
eight two five fifty nine forty nine. We had a caller,
Paul from Albany. Paul, call back. I promise I'll pick
you right up. I'm sorry, I did not look to
see that you were. You were on hold, so you know,
give me a call back. One eight hundred eighty two

(33:21):
five five nine four nine. Katie, let me take a
quick fifteen second break. Don't go anywhere, folks. Hello, folks,
thank you for letting me take that little break. It
wasn't long, did you count. I think it's fifteen seconds
on the on the one, eight hundred eighty two five
five nine four nine. I'm glad you're listening today. Listen,

(33:43):
we had a good week. S and P up three
point six percent almost NASDAK composite and NANSDAK one hundred
up five point two percent, Russell two thousand up three
point five two percent, NASDAK composite year to date up
fifteen QQQ and QQQM up eighteen percent year to date.

(34:05):
S and P up almost fourteen percent year to date
with dividends. I'm telling you, folks, wasn't a bad year, right.
We have a lot to worry about, right. The price
of gas went up because we went to war with Iran.
We got some craziness going on in this great country
of ours, politically speaking, some real crazy crazy stuff going on.

(34:29):
Oh my god, crazy crazy, crazy stuff going on. And
you know, the stock market's pretty resilient on it. Well,
let's talk about the Iran deal. That could be worth
twenty dollars on your gas bill. This was the week
the tide turn on the biggest geopolitical story of the year.

(34:51):
On August two, President Trump canceled a plan strike on Iran.
Supposedly we were going to blow them out of the waters,
low them the smitherings as they say, posting that Iran
had asked him to hold off because the perimeters of
a deal has been agreed to, and crew fell five

(35:13):
percent that day to eighty dollars a barrel. As we
sit here today, you know closed it's at seventy seventy
eight dollars a barrel, seventy eight eight eighteen. Treasury Secretary
Scott pas that I don't know if you listen to him,
but he's a pretty smart guy. He told CNBC there's

(35:33):
a chance of a deal to reopen the strait up
remoose with freedom of movement. That means the commercial ships
can come and go, and that prices should fall further
when hundreds of the ships currently stuck in the Persian
Gulf are able to exit. But it's not done yet.
Listen how many how many dawn deals that we had

(35:55):
over the last few months, right, I mean, it seems
like every week we had this deal, that deal, they
just don't get done. One of these deals will get done,
and when that happens, you will see I think. Don't
quote me in hindsight everything is crystal clear. I think

(36:16):
when that happens, the stock market will continue to go up.
The price of oil will come down, and that means
that inflation will be in check, which means that the
FED may not have to raise rates, which is why
I'm optimistic that we are going to finish out this
year in a good way. So by Thursday, oil was

(36:39):
back up three to four percent after the Iranian state
media published a draft plan with you know, conditions for
ship traffic, basically saying that Teyran hasn't signed anything yet.
I mean, who the heck is running that god don country? Folks?
Does anybody have a clue? I think I think you

(37:02):
know the last man standing? I mean, how many most
of the leaders are gone? Who the heck is running
that country? And we know I can tell you for
a fact, the people of Iran want President Trump in
Israel to be successful with demolishing the regime of Iran,

(37:24):
no questions asked, and I'm one hundred percent in favor
of this happening. Wipe them off the face of the earth.
It was an ugly terrorist group of thugs running Iran
that was creating habit all around the world. How many
of our US citizens have been killed how many of Iranians.

(37:53):
Just this year alone, fifty thousand Iranians have been murdered
because of the regime in Iran. So yes, I'm all
in favor of wiping them completely off the face of
the earth. And the Iranian people, who are good people, folks,
good people. They're under the threat of being hung in

(38:17):
the town square if they show any any resistance to
the thugs running Iran. Most of them are gone. But
until they're all gone, we will keep you know, keep

(38:37):
just keep this, this, this, this, you know, these deals,
and one of these deals is going to happen, and
the war will come to an end and the people
of Iran will be better off. And guess what, folks,
You and I and everybody else in and around the
world will be better off when Iran it's a fact

(39:01):
that they won't have a nuclear weapon and they won't
have control of the straight of horror moves. There you
have it. Did I mince words? No, I am all
in favor of these thugs completely being wiped out. I'm
also in favor of all the thugs in Chicago and
all these other big cities that are murdering people left

(39:22):
and right to be neutralized. Why can't we all just
get along? Why so when a deal is met, I
think the stock market's going to continue to go up.
Folks on optimistic on that. And if the straight of
Horror moves fully reopens, oil could drop Listen, it could

(39:45):
drop another ten to fifteen dollars a barrel. What does
that do for inflation, the FED and your investments? As
I said, it's all positive. Inflation comes down, the FED
doesn't need to raise interest right, and I believe the
stock market continues to go up. There you have it, There,

(40:08):
you have it. So with all the bad news in
and around the world, the stock market, you know, the
SMP being up fourteen percent year to date, even the
bond market is up point zero two percent a smidgeon,
but it's still up. It's not down. So everybody's making money.
Even gold took a turn, believe it or not. The

(40:29):
last time I did radio, gold was down. But now
gold year to date up point three five percent, up
three point three five percent year to date. What are
what are the chances of that? So everything's up year
to date. So so you know where where, wherever you're invested,
you're you're you're invested good. Year to date, you're you're

(40:51):
making money, You're not losing money, and that's good. Hey,
you know I talk about you know, I have an
amazing investment team and listen, we are we are just
we are just the rocky. You know, we made some

(41:11):
changes over the last several months in our portfolios and
they are doing good. You know, year to date, you know,
we are we are over the S and P five
hundred indecks up almost six percent, Alpha six percent, outperforming
the S and P five hundred indecks, our equity sleep

(41:33):
six percent. It's unheard of. We're just nailing it. I mean,
my investment team made some changes and not everyone worked out.
You know, we bought a little bitcoin. I'm not going
to lie to you. You know, I thought bitcoin was

(41:53):
taking a turn for the better and we we bought it.
And you know, bitcoin's about sixty five thousand dollars, you
know the last recording of it, and you know it
was as high as one hundred and twenty dollars, so
its down about fifty percent when it was about eighty
five dollars. We bought some thinking that there was upside.

(42:15):
We're going to be patient with it, so that did
not work out for us. But we you know, we
we we added some you know, listen, we own we
only own three individual stocks in our portfolios. We own Apple, Amazon,
We recently bought Microsoft and since since we bought it.

(42:37):
It's a lot of clients listening right now. If you're
a client of ours, you know that for the most part,
we are mostly a growth oriented manager. We we we
believe in the future of the stock market. We know
there's going to be good days, bad days. We guarantee
clients that there will be bad days. The market doesn't

(42:59):
go up every day. Some days it goes down. Some weeks,
it goes down. Some months, it goes down. Heck, every
once in a while. Two of the last eleven years,
it was actually down two different years out of eleven.
You know. There it's listen, you don't know when those
those times of the market going down. And as I

(43:21):
said in the first half of the show, I'm optimistic
that there's no reason for this market to really take
a turn for the worst. You know, even though inflation
is closer to three percent and two percent, even though
we lost some jobs, corporate Americas earning money, the AI,
you know, trade you know, listen, I said a couple

(43:43):
of weeks ago, it will hoppen if you always wanted
to own AI hop in. You know a lot of
companies are are just just buying more or spending more
and more money on artificial intelligence. You know, artificial intelligence

(44:06):
is here to stay. If you haven't, if you haven't
used the folks, you got to use it. You don't, don't,
don't wait, you have to use it. There's no reason
not to use it. It's pretty powerful and it helps.
It can help in your life personally and professionally. It's
really a beautiful thing. You are listening to. Let's talk

(44:29):
money brought to you by Bouchef and Andrew, where we
help our clients prioritize their health while we manage their
wealth for life or coming up to the end of
the show. I can't thank you enough, folks for tuning in.
Come back tomorrow morning, eight o'clock eight am, Get up
early set The coffee maker Ryan will be on the show.
As I said, he just returned from Ireland with his family,

(44:52):
so he may have some good Irish luck for you
and give you some stories. In the meantime. Go to
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have a great day, have a great weekend,