Here's Why Obsessing Over Daily Stock Price Is a Massive Waste of Time!

Chris explains why no one can pinpoint exactly why markets go up or down daily—despite what TV pundits claim. Fed moves, Trump tariffs, or algorithms? It’s just buying vs. selling pressure. Forget the noise—build wealth with solid portfolios, not daily market guesses. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Why are the markets doing this? Why are they going down?
Why are they going up? Why did this happen? Questions
that I get, And honestly, it's fine. I don't mind
questions at all. This show continues to grow on these

(00:36):
other platforms. We're getting younger people tuning in, and the
questions I'm getting I tend to be from younger people.

Speaker 3 (00:43):
Why is the market doing this? I'm here to tell you, Okay,
pay close attention that no one, there's not a single
person in the entire planet, can tell you with any
sort of certainty why the markets went up for the
day or down for the day. There'll be a constant

(01:04):
argument on TV. They'll constantly discuss it. They'll they'll claim
to know the reason why fed did this? Earnings came
in here, uncertainty over here. Again, that's part of their trick, Okay.
They give you the idea that they actually know when

(01:26):
they don't know. They don't have a clue. Whenever I'm
asked that question, they quite frankly, the reason is, well,
or markets went down because there was more selling pressure
coming into the markets than buying pressure, and the in
versus true, Why did they go up? Well, there was
more buying pressure rather than selling pressure. Why, A lot

(01:47):
of different things, but no one could put their finger
on it, nobody, So what do you mean?

Speaker 4 (01:54):
What do you mean? Well, you know what, Well, what
if the FED came out? Can't fed came out and
said that, you know, they're gonna have more rate?

Speaker 3 (02:00):
But yeah, that most certainly, that most certainly could push
the market into a certain direction, you know. But okay,
maybe it went up a little bit. Maybe when a
lot of it, I don't know. There's other things that
are involved, algorithms, computerized trading, people taking looking at making profits,

(02:21):
all of this stuff, Okay, And I try to be
very clear about this because again we're hearing a lot
about this right now.

Speaker 4 (02:28):
Ours a lot of uncertainty out there in regards economy.
What the fan's gonna do Trump terms is that? And
I think the markets don't like uncertainty. Uncertainty is what
makes a market. Uncertainty is what makes a market for
every buyer, there's a seller. For every seller, there's a buyer.

(02:49):
And again they come to terms on a price.

Speaker 3 (02:54):
For one to think that they're going to be able
to give with any sort of you know, one hundred percent. Certainly,
why the markets have done anything over the course of
the day is just not telling the truth. They just
again they don't know what they don't know. One of
the things that I've avoided and our career thirty years, Chris, could.

Speaker 4 (03:16):
You give us a could you come on can every
day and do a four o'clock market update?

Speaker 3 (03:20):
What the Dow did, what the NASDAC did, what the
S and P did? No, No, it's it's doesn't make
any sense. I I'd say ninety five percent of the time,
I don't know. I don't have a clue where the
market closes at four o'clock.

Speaker 4 (03:41):
Don't have a clue. Will you think you're oh my
office here, Oh yeah, you've got quotrons and computers, and
I'm watching the I'm watching the ticker right there.

Speaker 3 (03:53):
What why? Why?

Speaker 1 (03:56):
Why?

Speaker 3 (03:57):
Why would I do that? I don't have any need
to do that because it doesn't matter what the markets
do today, then not, it doesn't matter for our what
we do at Markowski Investments, how we build people's portfolios.
To watch this stuff like that is nonsense. To waste time.

(04:22):
It's a big, fat, stinking waste time. Don't do it.
So yeah, yeah, oh my god, what's going on with Tueslo?
What's going on this?

Speaker 4 (04:30):
Why do this nazdack down?

Speaker 3 (04:32):
Why are these stocks down? Because there's more selling pressure
than buying pressure? Well, what does that mean? What do
they know? You know, it's what you don't know. If
you built a portfolio of high quality companies that are
fundamentally sound, guess what. Markets don't do this sometimes, I

(04:54):
know the peers when you have major runs in companies
that it can last forever, that's not the case. Talked
about this. Even blue chips die. And this is why
we discuss often the importance of trimming positions, okay, rotating
assets in one's portfolio, having certain rule sets when it

(05:15):
regards to what you are going to do. If you
do these things, you're going to be successful. You're going
to build wealth. It's not a matter of if. It's
just a matter of when wasting your time trying to
figure out why the market did something on any given day. Nah,
find yourself a hobby, Got better things to do with

(05:37):
your time? Watch dog on Wall street dot com.