Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Jay Ratliff joins the stop from Daytrade Fund dot com. Jay,
welcome in. I mean, we're getting close into the year here,
I'm not sure we're going to see two rate drops
by the Fed here. What are you thinking? What are
you hearing?
Speaker 2 (00:12):
I'm thinking pretty much the same thing, my friend. It
looks as though that I think that the market is
getting pretty well relaxed to the fact that, yeah, it's
probably going to be just one interest rate cut, and
really that's fine. If we can get two as we
close out the year, I think that's a good sign,
and I think it sets the tone next year for
(00:32):
us to see multiple interest rate cuts. Now, the problem
is you're going to hear as we approach January, we'll
get ready for six interest rate cuts. They're going to
come out these unbelievably stupid numbers. But you know, next
next year, if we can see three or so, I
think that would be good. It would be more than
the two this year. But you know, the bottom line
is the market is getting a little bit more accustomed
(00:54):
to the message at Jerome Palace sending with regards to hey,
we're going to take it slow. We're going to continue
to do so regardless of political pressure or even pressure
within the Fed itself, where we have a lot of
people saying that, you know, we need to be a
little bit more aggressive, Jerome Power saying no, we don't.
Speaker 1 (01:10):
So what happens if they do the rate cut? Does
this really affect I know they're not tied to each
other mortgage rates in the federal rate in general. But
as soon as he announces this, and I'm thinking he
probably does it sooner than later because we're getting pretty
close to the holidays and people needing a little break here,
what will this do immediately with the economy?
Speaker 2 (01:32):
You know, I think that you would see a slight
relaxation in some of the mortgage interest rates, although it's
not going to be tipped for tat as far as
a significant production, but we would be trending in that way,
and really, GT that's what we're after. You know, we
can't expect any sudden drops one way or another. And
one of the worst things that's ever happened to a
(01:53):
homeowner is to live through the pandemic and to hear, oh, yeah,
we were under three percent. I'm waiting for that again.
I mean, that was once in a generation type of
thing for us. To have that, and sadly a lot
of people are looking at you know, five and six
percent is just astronomically high. I just can't live with
that when really that's the norm. It's been around seven
percent forever. As far as historical norms, and the idea
(02:17):
that we dipped as low as we did during the
pandemic and after, it's pretty well an indicator that, yeah,
it took extreme circumstances to get it that low, and
would take extreme circumstances that we do not want to
get it down there low again. So I think once
people get accustomed to that idea that the interest rates
are not going to be coming back that far. Homeowners
(02:37):
are going to be a little bit more inclined to say,
you know what, it is a decent deal. Now, let
me go ahead and jump in now, because the interest
rates could certainly continue to go up if we start
having some issues with a battle with inflation as we progress.
Speaker 1 (02:49):
Well, how big or little do you think the rate
cut will be?
Speaker 2 (02:53):
I think we'd be looking at another twenty five basis
point something like that. I think it would be exactly
what we had before. It's all, it's measured, and it
allows the FED to do something so they can say
they're doing something without them doing too much. Their biggest fear,
and Jay Pollis said this is the FED share, is
they don't want to do too much too soon because
that will create problems that will take a significant amount
(03:15):
of time to recover from, and they simply don't want
to do that.
Speaker 1 (03:19):
Yeah, I understand that. All right, let's talk about the market.
Warren Buffett's a guy that you keep an eye on.
He obviously has lots and lots of money and not
apparently he's just sitting on a bunch of cash and
we're talking about billions of dollars and he's not doing much.
What's he waiting on?
Speaker 2 (03:34):
Well, that's what everybody wants to know, because I remember
when he had more than one hundred billion dollars on
the sideline. People are like, what are you waiting on? There?
He goes no, no, because he is very specific. Like I
always tell people, if you're thinking that there's going to
be a correction, keep your cash on the sidelines, pick
pick the stocks you like at a discount, and sit
back and wait. And his patience has got so many
people concerned that you know he's thinking significantly there could
(03:57):
be a nice drop coming, and I suspect that we
are to have a market correction of some kind a
couple of months, a couple of years is going to happen.
JT has three hundred and forty four billion dollars on
the sidelines. That's how much money he now had. So
if people are freaking out over him having one hundred billion,
you imagine what's going on now a lot of And
that's why a lot of people say, Jim, I'm dying
(04:19):
to jump in on these stocks, and some of them
are at record high prices, and I'm thinking, what is
it with us that causes us to want to buy
stocks at all time high prices and then sell them
at low prices. It's when you get the emotions of
fear and greed mixed in. It really creates a lot
of problems.
Speaker 1 (04:35):
Well, if you've got to follow anybody on the market,
Warren Buffett's not a bad one to keep an eye on,
that's for sure.
Speaker 2 (04:39):
Agreed completely, all right.
Speaker 1 (04:40):
Jay Rattliffdaytrade fund dot Com. Thank you, buddy, I appreciate you.
Speaker 2 (04:43):
Thank you.
Jay Ratliff joins the stop from Daytrade Fund dot com. Jay,
welcome in. I mean, we're getting close into the year here,
I'm not sure we're going to see two rate drops
by the Fed here. What are you thinking? What are
you hearing?
Speaker 2 (00:12):
I'm thinking pretty much the same thing, my friend. It
looks as though that I think that the market is
getting pretty well relaxed to the fact that, yeah, it's
probably going to be just one interest rate cut, and
really that's fine. If we can get two as we
close out the year, I think that's a good sign,
and I think it sets the tone next year for
(00:32):
us to see multiple interest rate cuts. Now, the problem
is you're going to hear as we approach January, we'll
get ready for six interest rate cuts. They're going to
come out these unbelievably stupid numbers. But you know, next
next year, if we can see three or so, I
think that would be good. It would be more than
the two this year. But you know, the bottom line
is the market is getting a little bit more accustomed
(00:54):
to the message at Jerome Palace sending with regards to hey,
we're going to take it slow. We're going to continue
to do so regardless of political pressure or even pressure
within the Fed itself, where we have a lot of
people saying that, you know, we need to be a
little bit more aggressive, Jerome Power saying no, we don't.
Speaker 1 (01:10):
So what happens if they do the rate cut? Does
this really affect I know they're not tied to each
other mortgage rates in the federal rate in general. But
as soon as he announces this, and I'm thinking he
probably does it sooner than later because we're getting pretty
close to the holidays and people needing a little break here,
what will this do immediately with the economy?
Speaker 2 (01:32):
You know, I think that you would see a slight
relaxation in some of the mortgage interest rates, although it's
not going to be tipped for tat as far as
a significant production, but we would be trending in that way,
and really, GT that's what we're after. You know, we
can't expect any sudden drops one way or another. And
one of the worst things that's ever happened to a
(01:53):
homeowner is to live through the pandemic and to hear, oh, yeah,
we were under three percent. I'm waiting for that again.
I mean, that was once in a generation type of
thing for us. To have that, and sadly a lot
of people are looking at you know, five and six
percent is just astronomically high. I just can't live with
that when really that's the norm. It's been around seven
percent forever. As far as historical norms, and the idea
(02:17):
that we dipped as low as we did during the
pandemic and after, it's pretty well an indicator that, yeah,
it took extreme circumstances to get it that low, and
would take extreme circumstances that we do not want to
get it down there low again. So I think once
people get accustomed to that idea that the interest rates
are not going to be coming back that far. Homeowners
(02:37):
are going to be a little bit more inclined to say,
you know what, it is a decent deal. Now, let
me go ahead and jump in now, because the interest
rates could certainly continue to go up if we start
having some issues with a battle with inflation as we progress.
Speaker 1 (02:49):
Well, how big or little do you think the rate
cut will be?
Speaker 2 (02:53):
I think we'd be looking at another twenty five basis
point something like that. I think it would be exactly
what we had before. It's all, it's measured, and it
allows the FED to do something so they can say
they're doing something without them doing too much. Their biggest fear,
and Jay Pollis said this is the FED share, is
they don't want to do too much too soon because
that will create problems that will take a significant amount
(03:15):
of time to recover from, and they simply don't want
to do that.
Speaker 1 (03:19):
Yeah, I understand that. All right, let's talk about the market.
Warren Buffett's a guy that you keep an eye on.
He obviously has lots and lots of money and not
apparently he's just sitting on a bunch of cash and
we're talking about billions of dollars and he's not doing much.
What's he waiting on?
Speaker 2 (03:34):
Well, that's what everybody wants to know, because I remember
when he had more than one hundred billion dollars on
the sideline. People are like, what are you waiting on? There?
He goes no, no, because he is very specific. Like I
always tell people, if you're thinking that there's going to
be a correction, keep your cash on the sidelines, pick
pick the stocks you like at a discount, and sit
back and wait. And his patience has got so many
people concerned that you know he's thinking significantly there could
(03:57):
be a nice drop coming, and I suspect that we
are to have a market correction of some kind a
couple of months, a couple of years is going to happen.
JT has three hundred and forty four billion dollars on
the sidelines. That's how much money he now had. So
if people are freaking out over him having one hundred billion,
you imagine what's going on now a lot of And
that's why a lot of people say, Jim, I'm dying
(04:19):
to jump in on these stocks, and some of them
are at record high prices, and I'm thinking, what is
it with us that causes us to want to buy
stocks at all time high prices and then sell them
at low prices. It's when you get the emotions of
fear and greed mixed in. It really creates a lot
of problems.
Speaker 1 (04:35):
Well, if you've got to follow anybody on the market,
Warren Buffett's not a bad one to keep an eye on,
that's for sure.
Speaker 2 (04:39):
Agreed completely, all right.
Speaker 1 (04:40):
Jay Rattliffdaytrade fund dot Com. Thank you, buddy, I appreciate you.
Speaker 2 (04:43):
Thank you.
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