May 18, 2026 • 6 mins
Stocks were down, crude oil prices up on Friday. Tim takes a look at those numbers and the year-to-date numbers for comparison
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Episode Transcript
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Speaker 1 (00:00):
How are you, mister Wheat trow right.
Speaker 2 (00:03):
I'm fantastic, happy Monday. We're getting back after it. Yes,
it was a beautiful weekend and today is gonna be nice.
Speaker 3 (00:08):
Now. Did I hear you say on Friday that you
were running someplace through the zoo or away from animals
or something over the week?
Speaker 2 (00:19):
Yes, I ran the zoo the zoo race, I k
and uh yeah bus fifth excuse me, finished first in
my age group, so.
Speaker 1 (00:29):
Excellent, happy about that?
Speaker 2 (00:30):
All right, we'll all go into my age group's Okay.
Speaker 3 (00:33):
That means Bruce won't have to send me an email
now asking you've already.
Speaker 1 (00:36):
Told him where you ended up.
Speaker 2 (00:39):
I had Bruce had a seven seven pace per mile.
You go ran three point one.
Speaker 3 (00:46):
Well you had a better weekend than the stock market
because Friday.
Speaker 1 (00:50):
Yes, despite all.
Speaker 3 (00:51):
The good we had a lot of good news during
the week. We actually broke some new records during the week,
and then Friday we took another drop. Oil prices rattled
around again, the bond market got shook up, and all
kinds of stuff was going on.
Speaker 1 (01:05):
Give us a rundown of what happened Friday.
Speaker 2 (01:08):
Yeah, we had a pullback on Friday. The dow industrials
were down five hundred and thirty seven points, which is
just a little over one percent of negative one point
zero seven. The SP five hundred off ninety two points,
which is negative one point twenty four for the day,
and then NASAK was up four hundred and ten, which
is minus one and a half percent. Now I'm going
(01:31):
to go back to year to date just to bring
us up to date where we were after that week.
The Dow is up three point zero four, the SP
five hundred is up eight point two to two, the
NASAC is up twelve point eighty four, and that Russell
two thousand is still at over twelve percent, even though
it lost two and a half on Friday. So if
(01:52):
we look at day we had to pull back. A
lot of it had to do with trek and we're
looking at inflation numbers that we got last week. But
we did have some reports coming out on probably with
a little bit of good news, not enough to pull
the market back, but we had Empire State Manufacturing. They
were expecting the number of seven, which is less than
a month before of eleven, but it came in at
nineteen point six. That was a good number. Industrial productions
(02:14):
they were expecting an increase of point two percent. It
came in at point seven, so that gave us a
little bit of good news, but it wasn't enough to
pull back like Navidio was off four point four percent,
even though it's up twenty six year to date. We
had Micron Technologies lost six point six. So people are
all wondering, Okay, did we run up too fast? Didn't we?
(02:36):
So you know, that's kind of a natural thing. Plus
we're all looking at guess lean prices, and they're also
worried about interest rates because of inflation. Will the Fed
cutt now I've heard some talking hits they well they
might increase. Really they're looking at the two year and
I don't think that'll happen. I think it'll stay stay
part where they're at. But they look at that two
(02:58):
year right now, the current interest in the two year
is four point zero eight, well above the Fed funds rate,
which is hovering around three point sixty three, between three
and a half and three point seventy five. So that's
kind of why the same we think the Fed should
should increase possibly that you know, camp down inflation and
all that has to do with what you just talked
(03:19):
about earlier this morning gasoline prices. Yeah, you know, we
have diesels sitting at five dollars to sixty three cents,
even though from brideus down three cents, but we still
have the barrel of oil up one hundred and two
or thwe me it's up a little over one percent
this morning at one hundred and two dollars and twenty
one cents. Brent is sitting at one hundred and ten
dollars and four cents. So that's what we're putting our
(03:41):
eyes on. And yes, I don't like filling up that
Ohio averages four dollars fifty four cents. And you bet
you when you go up in some of these places
you get around seventy five dollars, they quit pumping it.
So it's just crazy.
Speaker 3 (03:53):
And you watch and this morning of the president released
both on True Social and you're supposed to have.
Speaker 1 (03:59):
A meeting tomorrow.
Speaker 3 (04:02):
I don't know why they're waiting until tomorrow, but they're
waiting until tomorrow to have a meeting about what.
Speaker 1 (04:06):
To do next.
Speaker 3 (04:07):
And he's threatening around again that if you don't hurry
up and get moving and move fast, there's not going
to be anything left. So that will definitely play into
the crude oil prices again today and probably the rest
of the week because people are going to be keeping
an eye on that clock. So how did this all
affect everything else? How are stock prices looking in Asia
(04:32):
and Europe?
Speaker 1 (04:32):
And what's the bond market looking like? Well?
Speaker 2 (04:35):
Currently our futures are negative that that was off triple
digits this morning, so not quite a percent, but we'll
see how the market goes at nine thirty when it
opens up where it ends at four today. Overseas, we
have the Asian market excuse me, Honk Hanks saying, is
down two hundred and eighty seven, which a little over
one percent. Japan nie K is down five hundred and
(04:59):
ninety three, which is close to a percent. Over In Europe,
we have the France CAC minus sixty seven, the German
Dat's up nineteen. So that's where we're at overseas. As
far as the bonds, we talked about the two year
but the tenures currently sitting at four point six percent.
Speaker 3 (05:15):
Okay, And do we have any earnings or government reports
coming out this week that we're looking forward to.
Speaker 2 (05:23):
Kind of sold in the government reports today, but tomorrow
we have some pone pending home sales. And then on
Wednesday we get the minutes of the FED meeting ah
in the main meeting, so that'll be interesting. And then
we have initial job as claims on Thursday. As far
as earnings reports, nothing notable, they're still coming out. Nothing
notable today, but tomorrow we have a home depot and
pol brothers.
Speaker 3 (05:44):
Now, was that the minutes from that meeting that we're
going to get on Wednesday? Was that the last Jerome
Powell chared meeting or was that.
Speaker 2 (05:54):
There may that's going to get Nope, that's going to
get handed off. He's sworning or he's in. But now
the swearing man and getting all the officials place, Okay,
you have a new era.
Speaker 3 (06:05):
Coming, all right, Just checking to make sure all right,
So we'll hear all that tomorrow from Tim if you
need to reach out to him before then four one
nine eight two four thirty three hundred Timwatwitroadvisors dot Com
also on LinkedIn and Facebook. Advisory services are offered through
Capital Investment Advisory Services LLC. Securities are offered through Capital
(06:32):
Investment Group, a member of FINRA SIPC
How are you, mister Wheat trow right.
Speaker 2 (00:03):
I'm fantastic, happy Monday. We're getting back after it. Yes,
it was a beautiful weekend and today is gonna be nice.
Speaker 3 (00:08):
Now. Did I hear you say on Friday that you
were running someplace through the zoo or away from animals
or something over the week?
Speaker 2 (00:19):
Yes, I ran the zoo the zoo race, I k
and uh yeah bus fifth excuse me, finished first in
my age group, so.
Speaker 1 (00:29):
Excellent, happy about that?
Speaker 2 (00:30):
All right, we'll all go into my age group's Okay.
Speaker 3 (00:33):
That means Bruce won't have to send me an email
now asking you've already.
Speaker 1 (00:36):
Told him where you ended up.
Speaker 2 (00:39):
I had Bruce had a seven seven pace per mile.
You go ran three point one.
Speaker 3 (00:46):
Well you had a better weekend than the stock market
because Friday.
Speaker 1 (00:50):
Yes, despite all.
Speaker 3 (00:51):
The good we had a lot of good news during
the week. We actually broke some new records during the week,
and then Friday we took another drop. Oil prices rattled
around again, the bond market got shook up, and all
kinds of stuff was going on.
Speaker 1 (01:05):
Give us a rundown of what happened Friday.
Speaker 2 (01:08):
Yeah, we had a pullback on Friday. The dow industrials
were down five hundred and thirty seven points, which is
just a little over one percent of negative one point
zero seven. The SP five hundred off ninety two points,
which is negative one point twenty four for the day,
and then NASAK was up four hundred and ten, which
is minus one and a half percent. Now I'm going
(01:31):
to go back to year to date just to bring
us up to date where we were after that week.
The Dow is up three point zero four, the SP
five hundred is up eight point two to two, the
NASAC is up twelve point eighty four, and that Russell
two thousand is still at over twelve percent, even though
it lost two and a half on Friday. So if
(01:52):
we look at day we had to pull back. A
lot of it had to do with trek and we're
looking at inflation numbers that we got last week. But
we did have some reports coming out on probably with
a little bit of good news, not enough to pull
the market back, but we had Empire State Manufacturing. They
were expecting the number of seven, which is less than
a month before of eleven, but it came in at
nineteen point six. That was a good number. Industrial productions
(02:14):
they were expecting an increase of point two percent. It
came in at point seven, so that gave us a
little bit of good news, but it wasn't enough to
pull back like Navidio was off four point four percent,
even though it's up twenty six year to date. We
had Micron Technologies lost six point six. So people are
all wondering, Okay, did we run up too fast? Didn't we?
(02:36):
So you know, that's kind of a natural thing. Plus
we're all looking at guess lean prices, and they're also
worried about interest rates because of inflation. Will the Fed
cutt now I've heard some talking hits they well they
might increase. Really they're looking at the two year and
I don't think that'll happen. I think it'll stay stay
part where they're at. But they look at that two
(02:58):
year right now, the current interest in the two year
is four point zero eight, well above the Fed funds rate,
which is hovering around three point sixty three, between three
and a half and three point seventy five. So that's
kind of why the same we think the Fed should
should increase possibly that you know, camp down inflation and
all that has to do with what you just talked
(03:19):
about earlier this morning gasoline prices. Yeah, you know, we
have diesels sitting at five dollars to sixty three cents,
even though from brideus down three cents, but we still
have the barrel of oil up one hundred and two
or thwe me it's up a little over one percent
this morning at one hundred and two dollars and twenty
one cents. Brent is sitting at one hundred and ten
dollars and four cents. So that's what we're putting our
(03:41):
eyes on. And yes, I don't like filling up that
Ohio averages four dollars fifty four cents. And you bet
you when you go up in some of these places
you get around seventy five dollars, they quit pumping it.
So it's just crazy.
Speaker 3 (03:53):
And you watch and this morning of the president released
both on True Social and you're supposed to have.
Speaker 1 (03:59):
A meeting tomorrow.
Speaker 3 (04:02):
I don't know why they're waiting until tomorrow, but they're
waiting until tomorrow to have a meeting about what.
Speaker 1 (04:06):
To do next.
Speaker 3 (04:07):
And he's threatening around again that if you don't hurry
up and get moving and move fast, there's not going
to be anything left. So that will definitely play into
the crude oil prices again today and probably the rest
of the week because people are going to be keeping
an eye on that clock. So how did this all
affect everything else? How are stock prices looking in Asia
(04:32):
and Europe?
Speaker 1 (04:32):
And what's the bond market looking like? Well?
Speaker 2 (04:35):
Currently our futures are negative that that was off triple
digits this morning, so not quite a percent, but we'll
see how the market goes at nine thirty when it
opens up where it ends at four today. Overseas, we
have the Asian market excuse me, Honk Hanks saying, is
down two hundred and eighty seven, which a little over
one percent. Japan nie K is down five hundred and
(04:59):
ninety three, which is close to a percent. Over In Europe,
we have the France CAC minus sixty seven, the German
Dat's up nineteen. So that's where we're at overseas. As
far as the bonds, we talked about the two year
but the tenures currently sitting at four point six percent.
Speaker 3 (05:15):
Okay, And do we have any earnings or government reports
coming out this week that we're looking forward to.
Speaker 2 (05:23):
Kind of sold in the government reports today, but tomorrow
we have some pone pending home sales. And then on
Wednesday we get the minutes of the FED meeting ah
in the main meeting, so that'll be interesting. And then
we have initial job as claims on Thursday. As far
as earnings reports, nothing notable, they're still coming out. Nothing
notable today, but tomorrow we have a home depot and
pol brothers.
Speaker 3 (05:44):
Now, was that the minutes from that meeting that we're
going to get on Wednesday? Was that the last Jerome
Powell chared meeting or was that.
Speaker 2 (05:54):
There may that's going to get Nope, that's going to
get handed off. He's sworning or he's in. But now
the swearing man and getting all the officials place, Okay,
you have a new era.
Speaker 3 (06:05):
Coming, all right, Just checking to make sure all right,
So we'll hear all that tomorrow from Tim if you
need to reach out to him before then four one
nine eight two four thirty three hundred Timwatwitroadvisors dot Com
also on LinkedIn and Facebook. Advisory services are offered through
Capital Investment Advisory Services LLC. Securities are offered through Capital
(06:32):
Investment Group, a member of FINRA SIPC
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