August 8, 2025 • 35 mins
It was a week of highs, pauses, and pivots on Wall Street! From earnings surprises to interest rate whispers, the markets gave us plenty to unpack. Join us this afternoon for the Jon Sanchez Show at 3pm as we break down the winners, the laggards, and what it all means for your money.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Good Friday afternoon to you. Welcome to the John Sanchez Show,
one News SOX seven eighty K H T G I
F mister Gaunt. Three exclamation points, all of them, all
of them. Everyone that I can muster. We're going to
throw at the end of TG.
Speaker 2 (00:17):
Right, Yeah, yeah, absolutely happy, happy it's Friday.
Speaker 1 (00:22):
Indeed, indeed, it's been a long week. Been a long
week long yeah, absolutely, yeah, not bad at all overall
good though.
Speaker 2 (00:31):
Yeah, No, I mean it's uh, we've been busy here
in the office, you know that. Indeed, it's a welcome weekend, right,
I think, Yeah, lots of things going on that people
are going to be excited about. What is is August
Night's hot? August? Is that now? Is it?
Speaker 1 (00:47):
Believe it is now? I believe it is now. I'm
not a car guy, but from everything.
Speaker 2 (00:51):
I mean, I've never been. How bame is that you should?
I have a car Scout today, like just for some
weird reason, wanted to drive it and I've been I
drove around a little bit earlier and I saw these
cars like, ah, that's.
Speaker 1 (01:04):
Right, that's why you had the Hawaiian shirt on in
the sunglasses.
Speaker 2 (01:07):
Yeah, gen you know, Jean shorts right shirt. Absolutely, that
was me.
Speaker 1 (01:12):
You gotta tell the audience, you gotta you gotta tell
the audience about Gordy, tell the audience about just a.
Speaker 2 (01:17):
Piece of junk Old Scout, International Scout. But it's fun
to drive. But yeah, it was. Wait a minute, I
always joke in the part of it's like a dirt box.
But the funny part is the number of people in
like brand new Broncos that look at me like I'm
the prettiest thing around.
Speaker 1 (01:33):
Oh yeah, you're the inv Okay, folks.
Speaker 2 (01:36):
It paid like five grand for this thing and.
Speaker 1 (01:37):
They paid is usual. He's being really modest. So not
only is he an incredible portfolio manager and the smartest
man I know, but he gets his piece of junk,
you know, pushes it into the.
Speaker 2 (01:49):
Garage we spent down the street.
Speaker 1 (01:51):
I know, I know, tell him the truth. How many
months did you spend or years rehabit on.
Speaker 2 (01:56):
No, it's yeah, I mean probably you know, a year
or so.
Speaker 1 (01:58):
Yeah, I'd call him on the week I need to
you know, changing the starter, rebuilding this or uh huh huh.
And so now he has this dream Scouts that again
everybody's envious of. So yeah, I like I've told you
from the beginning. I envy guys like you. I used
to have a neighbor that that did that, but he
would turn out and sell them. But any of you
(02:19):
guys and gals out there that can do with what
we're talking about here, re having a car from nothing pieces,
you know, pile of rust to something that you're proud
of driving down, moving pile of frost, moving pile of hey,
you know what, but it's fun. You don't have a
car payment on it.
Speaker 2 (02:33):
It's I don't think they would even offer me alone
on set. So funny story when I yeah, at the beginning,
like you can use these classic car insurers and they're cheaper. Yeah,
they say you drive like two thousand miles a year
or whatever, Right, I send in pictures of it. When
I first started, it was like, I, you know, I
used to have an old Camara, like a sixty eight
Camaro that I'd redone and done a bunch of stuff too,
(02:54):
and used him before. And I'm like, this will be great.
It's way cheaper than regular insurance. So I try. I
take a bunch of picture of it and I sent
it in and they're like, no, we can't ensure that thing.
At all, think big.
Speaker 1 (03:10):
Like probably the first person they've ever turned out. Noah,
I don't think so.
Speaker 2 (03:17):
I would. I bet they would.
Speaker 1 (03:18):
Now you always have Lloyds of London to turn to
exactly right, they will sure anything or.
Speaker 2 (03:25):
Somewhere down the alley near Lords.
Speaker 1 (03:29):
That's a great story. But yes, hot August Nights thanks
to our great producer Jack said, it runs through August
the tenth. So I want you to get out. You've
worked hard this week, get out and go down there
and go visit. I went years and years ago. But
I'm just, like I said, I'm not a car guy. Yeah,
it's crowds. If it was boats or tractors, I'd be there.
Speaker 2 (03:50):
Well that's the thing with my old Camaro, Like I
would take it somewhere and lift the hood and do
that whole course. And like people try to just size you,
and you.
Speaker 1 (04:00):
Know what, I'm like, dude, go away, left off chrome
off the.
Speaker 2 (04:06):
That's from China parts on that part of the reason
I sold it.
Speaker 1 (04:14):
I'm like, that's right, that's right. Tired of being criticized
is this thing?
Speaker 2 (04:17):
I'm like, yeah, I know that's.
Speaker 1 (04:21):
I know that she auto part you know, alternator on
this thing or okay, it gets me from A to
B the two times a year driving exactly.
Speaker 2 (04:28):
I know that the Kamaro was like an ice cream getter.
That's the only time I ever used it. Is like,
come on, guys, and my wife's in the passenger seat,
like the dash is four inches from her face. She's like,
I have lap belts, right. I put in shoulder belts
in this thing for that reason, because it's I used
to look a pretty little smile and I hit the
brakes and smack.
Speaker 1 (04:49):
Did you put in the fluorescent orange? No?
Speaker 2 (04:54):
Just regular, you know, kind of put a roll roll
bar in it and put shoulder things so it's nice.
Speaker 1 (05:01):
You've never told me. Have you had them off road?
Speaker 2 (05:03):
No? I I want those gun everything all the way
up to the motor like I I mean, I could no. No,
this thing. The transmission is like a three speed it.
You know, I trust it, but you know someday I will.
And it's not because I'm trying to keep it clean.
(05:24):
Believe if you saw it, I don't think I've ever
watched it, just because I'm afraid it would just parts.
Speaker 1 (05:29):
Would you live in a beautiful house. I'm surprised the
neighbors haven't you keep them into the garage. I do.
Speaker 2 (05:35):
I keep it in there because I have to keep
the garage door open for like ten minutes after I
leave because I set the carbon monoxide. That's a true story.
Speaker 1 (05:45):
The head wife.
Speaker 2 (05:47):
I mean, there's no cats, so it's just straight up
like you know, loud and stinky, right and stinky. It's stinky.
I mean I like the smell. But yeah, the fire
department doesn't.
Speaker 1 (05:59):
Right, smoke alarm in the house is going off then.
Speaker 2 (06:04):
Morone?
Speaker 1 (06:06):
Yeah, all right, well they work. Every man has passions
in life.
Speaker 2 (06:13):
Right I do.
Speaker 1 (06:14):
I do. I Like I said, you go go have
some fun this weekend. Did we have fun in the
market today?
Speaker 2 (06:21):
We did? Yeah, I mean for an Apples certainly.
Speaker 1 (06:24):
Calls one of the best years since our best week
since what twenty twenty? This thing like the Energize your
Bunny right now just dead money for so many months,
and another ripping game today, just amazing, just amazing.
Speaker 2 (06:36):
It's just a lot, I said that sort of momentum reversal, right,
the Apple Google, some of those names have really picked
up their head because they were under owned and probably
shorts and you're you know, outperformers are underperforming now right,
So it's you know, Amazon salesforce, those are you know,
software and Buy and Large is underperformed over the last
(06:58):
week or two. So again common of a rotation, but
the market continues to defy all odds, even though you know,
you look at a ten day period and we're still
pretty range bound rying to digest this six thirty to
six forty level on the sixty three hundred, sixty four
hundred level on the S and P five hundred. I
think I can SAYTF names Canada.
Speaker 1 (07:19):
We you can say them.
Speaker 2 (07:21):
Oh wow, I'm gonna wait.
Speaker 1 (07:22):
I know, I'm gonna wait. Keep it. You're just gonna
wait and save it.
Speaker 2 (07:25):
Yeah, it'll be fun. Someday I'll just bust out.
Speaker 1 (07:27):
We'll tell you why we can say ETF names next week, folks,
I promise, right. But anyway, so yeah, no, that's it,
that's true. Yeah it uh you know again Apple, for
those of you that missed the show a couple of
days ago, you missed the news headlines, you know, really,
I mean it had strength and then of course what
was that Wednesday when Tim Cook you know, was standing
and shaking hands with the President and announcing another hundred
(07:50):
billion dollars of investment here in the US on top
of the five hundred billion that they had, uh you
know mentioned before, and that just a few minutes later
is when the President and said, oh, by the way,
we're going to pose one hundred percent tariff on any
important semiconductors that you know, the plants are not being
built here in the US or so on and so forth.
So that gave the stock another shot of steroids and
(08:11):
it took off. And yeah, thirteen percent surge this week
for Apple. It's just just amazing. So six hundred billion
investments is what they're going to do over the next
four years. So I always wonder, Jason again, you know,
I've discussed the softare all these companies that have committed
I e. Apple and many many others, Taiwan, Semi and
many others. What happens, you know when Trump is gone?
Are they going to continue with these plants where they
(08:32):
just gonna I don't know.
Speaker 2 (08:34):
It's yeah, it's the big question. I think everyone thinks that, right,
And some of I had to cliin in today and
they were talking about sort of the momentum in crypto
right ironically, Yes, youmailed me crazy literally as I said,
But the momentum in crypto and is that going to
wane when Trump leaves office or if someone comes in.
(08:54):
And I think the answer was it depends. I don't
think you know, some of these sort of larger technology
changes will. But you know, if things happen that necessitate
a change, it wouldn't surprise me to see certain things
slowed down in the vein of oh recession or slow
down or whatever. We're going to slow our plans to
(09:14):
do X, Y and z. But you know, it's up
to the American people really to decide as to do.
They want to start to favor American based, American produced companies,
and like I've said all along, I'm totally down with it,
right Like if you want to put the flag on
it and say buy America and know that it's going
to cost you ten to fifteen percent with the ultimate
(09:37):
end goal of having that production here, creating jobs here
longer term, Like just know that that is part of
the cost. Let's do it. But you know it's going
to cost more, and that's the part that you know
you need to decide what's more important to you, sort
of domestic production, domestic jobs, or I want to go
on Amazon and click the cheapest price for some item,
(09:58):
and so I think I will very much depend on
sort of wherethy economy.
Speaker 1 (10:02):
Is then, and well I'll venture out and go on
a limit and say it's very easy for all of
us to sit here, and you know, like you said,
raise the flag and all that stuff. But the bottom
line is, and especially if the consumer continues to struggle
as time goes on due to tarifts, et cetera, it
will always come down to what a person can afford.
And if a person can buy an American built widget
that cost one hundred dollars or a you know, Chinese
(10:25):
built widget that costs eighty dollars, ninety nine point nine
percent of the time they're going to buy the eighty
dollars Chinese widget.
Speaker 2 (10:31):
Right.
Speaker 1 (10:32):
There's there's no doubt in my mind. So it's just
again just human nature. Those that can afford it and
want to be patriartic, sure they'll pay more. I always
like it, you know. My the similarity as you were
describing that I'm thinking about hiring a contract Let's say
you're a I don't know, a big commercial builder, right
or developer. You hire a contractor that's a union shop,
you know, it's going to cost you more, but it's
(10:52):
better quality, you know, per se versus a non union shop, right,
and so very similar to that, you kind of get
what you pay for. I'm not saying that foreign products
are not good, but yeah, you can't. Can't get real patriotic.
I mean, I I I feel I think I put
on a sweatshirt or something the other day and it
said made in Vietnam. I'm like, man, that doesn't doesn't
(11:12):
feel good. You know, you feel bad about that, you
really do. Yeah, China, it's not China. Yeah, but still
it's not us.
Speaker 2 (11:20):
Yeah, exactly.
Speaker 1 (11:21):
But pretty hard to find any clue that made in
the US though, that's for sure. All Right? The week
on Wall Street? What happened? Why did it happen? What
do we see going on? Next week? It's a free
for all. You got any question? You want to take
some phone calls? Yeah, let's let's do some phone calls.
I mean, it's Friday. We can talk about anything we want. Literally,
literally exactly eight five to two talk eight five to
(11:43):
two talk one, eight hundred and five six four kkh
the phone numbers. Give us call you want to chat
about the market's got a strategy got some fear. Whatever
it is, we'd love to chat with you.
Speaker 2 (11:51):
This from text office to eight hundred eighteen oh one
so seven.
Speaker 1 (11:55):
Oh, very good.
Speaker 2 (11:59):
City for not driving get waited in traffic.
Speaker 1 (12:02):
Yeah, yeah, that's right, don't drive in text all right.
This turned over at Christmas, so she's in the right
now traffic center. Hello, Christen. Oh that's right. I'm sorry, Jack, sorry,
you're not as all right? All right, Welcome back to
the John Sanchez Show on News Talk seven eighty ko
H with Jason Gaunt and myself. Finished up two oh
(12:24):
seven on the down to day point four to seven
percent to a closeup forty four thousand and one seventy five.
Now as that grows two hundred and seven point nine
eight percent to a finish up two twenty one thousand,
four fifteen and the SMP hired by forty nine points
point seven eight percent, finish the day at six thousand,
three hundred and eighty nine. Got some breaking news for you.
I'll get to you in just a moment. Three cent
gain on oil sixty three eighty eight a barrel gold
(12:45):
hired by thirty four dollars and ninety cents to three
thousand and four ninety one twenty. We're gonna talk about
gold here in a moment also, and on the bond
side of things, bond yields for the tenure or the
yield on the tenure up four basis points to close
a four to twenty nine, up about seven basis points
for the well. As Jason and I were wrapping up
that last segment for you, coming across the news wires,
President Trump, Hey, you guys want to take a trip
(13:06):
to Alaska. You can go see Trump and Putin Storry.
The President announced he's gonna meet with Putin in Alaska
next Friday, August the fifteenth. They're not saying whereabouts in
Alaska could be? Would that be something, Jason? If it
was like fishing, like on a glacier or something, no
one around, just the two world leaders sitting out there,
would that be something?
Speaker 2 (13:26):
Maybe they'll just be sitting on like a fishing boat.
Speaker 1 (13:28):
Or something even better, even better, crab boat. Yeah, sitting
on a crab boat out.
Speaker 2 (13:32):
There, Putin, you could just reach into the water, bear
chested and just grabat you see, Yeah, like ride a
bear or something.
Speaker 1 (13:40):
Yeah you heard it takes a nice cold shower every morning,
of course, Yes, exactly now. In all seriousness, this could
be very interesting next week, folks, let me kind of
bringing up to date on this. We've been following this story,
so again, just announce they're gonna meet next week in Alaska.
But Trump's been kind of dropping some hints on true
social throughout the word that they're getting close to a deal,
(14:01):
obviously to end the war with Ukraine. This week, Putin
presented Trump with a proposal, a ceasefire proposal. What he wants.
He's demanding major territorial concessions by Kiev and a push
for global recognition of its claims in exchange for a
(14:22):
halt to the fighting. That's according to European and Ukrainian officials.
We've heard this before. Who knows if this is going
to happen. We hope for the sake of life that
obviously something happens. But I think, you know, I've been
trying to think about this. I don't know if we're
going to get really much market reaction to this. When
(14:42):
it's let's say they walk away from this meeting next
Friday in Alaska and there's now a ceasefire, I don't
think there's going to be much market reaction. I think
Mark's like, Okay, it's not really affecting us now, so
why do we care? Obviously human life is another element,
but from an economic standpoint, I don't know. And then
of course it's going to be interesting to see what
Zelensky has to say about it. Because he doesn't seem
(15:04):
to be involved in any of these discussions. He's probably
said back, gone, oh boy, you know, yeah, that's going
to happen.
Speaker 2 (15:09):
No, I know, I mean giving up territory and things
along those lines. Yeah, what is saving face? You know,
if he's giving up anything. So it's be interesting. I
mean oil prices could respond, I would say, maybe, you know, yeah,
that's true. Aside from that, I don't think there's any
real macro geopolitical fear at this point.
Speaker 1 (15:24):
Yeah, all right, turned over to you. Let's talk about
today's market action. Then we'll get into the week on review.
Speaker 2 (15:32):
Yeah, like we said, you know, you had that decent
rotation out of the underperformers, I'll keep calling them sort
of the low momentum names to the higher momentum names
had underperformed. I would say, this week, as Apple and
the others picked up Cisco, some of those you know
again Google had been a dog for some time. That's
at least getting a little bit of wave behind. I mean,
(15:54):
I think mentioned before, I think for a trade, if
you're going to go play the data game, right, Google
probably has arguably, outside of Apple, the most an meta
customer data, right. I mean they know all your search
habits and your emails and things. So I think you're
a fool to leave them for dead thinking that you know,
they're behind the the open AI chat, GPT perplexity wave
(16:17):
with their Gemini offering. You know, they I think they
have a toe hold in our youth through school and
things where they've all been using Google Docs and Google
sheets or whatever. It's called them an Excel guy, but
I can't use Google sheets and I know, thanks, But
I think you know that's a that's a name that
could have some some upside to it at some point. Again,
(16:39):
if you're planning for reversion. You know, more of the
FED head chatter comments around Christopher Waller as a top candidate.
But we heard, uh, you know, former president FED President
Saint Louis, FED President James Bullard thrown around for the FED,
Mark Summerlin thrown around. So you're hearing more people now
(17:00):
again with the thought that you get a shadow fed
to some extent where what Powell does, what Powell says
over the next several months will become less and less important,
especially when President Trump sort of gives a nod to
someone given that Powell's on his way out come springtime
next year. But rates have been showing that they feel
(17:21):
that the FED will be lowering later. You get the
tenure now at four point twenty nine percent. The two year, remember,
is what we always look at to say where does
the market think rates will be one year from now?
Rates are currently at four and a quarter to four
and a half, the two years at three point seven
six percent, which implies certainly two cuts potentially three over
(17:42):
the next twelve months. So pretty call market. No real
big macro moves today, but was a pretty decent week overall.
Speaker 1 (17:50):
Well trivia for you. What government official or what government
position has had six leaders so far this year and
a new one announced today?
Speaker 2 (18:00):
H good one stumped? Yeah I R S Trump Trump
can with those coconuts.
Speaker 1 (18:08):
Yeah Trump. Trump canned Billy Long as the commissioner of
the I r S today, less than two months on
the job. He's a former auctioneer by the way, and uh,
good old Scottie Bascent. He's gonna step in there. And
besides being Treasury Secretary, he's going to be the interim
head of the I r S, the interim I r
S commissioner.
Speaker 2 (18:24):
That makes sense, Treasury.
Speaker 1 (18:26):
Six people have had that job this year. Six people.
Speaker 2 (18:29):
Wow.
Speaker 1 (18:30):
Yeah, But I think it's a great idea to have
a one time auctioneer running the i RS, don't you
or formally sure?
Speaker 2 (18:35):
Yeah? I complete, yeah, why not? I had to sit
on the I r S like yesterday for I'd send
in my April taxes with a quarterly tax payment. Again,
this is my issue. I'll blame myself. I put both
stubs in the same envelope, you know, one quarterly. Uh,
they applied it all to the quarterly, so I hadn't
(18:58):
paid my April taxes and applied all to the quarterly
for this year. And when I called them, after waiting
on hold and then summarily waiting on hold nine more times,
they're like, we can't change it because the stub that
we have scanned in which you know, blank you. I
put the stubs in the envelope so I know they
were there. We can't change it. So You've just really
(19:20):
really prepaid your taxes for this year, and you owe
penalties for the I'm like, you can't see the masks.
Look what the quarterly thing is, and look what my
last year was. They're like sorry, I'm like, okay, you're
all fired. But yeah, it was a very nice, very
nice woman on the phone.
Speaker 1 (19:39):
But I think you need to reach out to our
CPA and probably do a yeah, modified return for twenty twenty.
Speaker 2 (19:44):
That's sorry. The baby's born. I paid my three hundred
dollars of penalties and now I've really really prepaid for
this year and probably several more.
Speaker 1 (19:52):
So.
Speaker 2 (19:53):
Oh, hey, you know then how the cookie bounces.
Speaker 1 (19:56):
Sometimes it's how the cookie bounces.
Speaker 2 (19:58):
Go drive away in my rust bucket.
Speaker 1 (20:00):
There you go. See that's why you're you're feeling poor
now because I always took all your money and now
you're driving up.
Speaker 2 (20:05):
We're pre rich, right, I don't have the pre rich.
Speaker 1 (20:09):
Well, you like to prepay bills. I know that, Yes, yeah, exactly.
Hey quick reminded before we go to break and we're
renna late. But before we go to break, I Jason
was just mentioning a little bit about you know, chat
gpt et cetera. I recommend all of you this weekend
go to CNBC dot com. I don't think you need
to have this subscription for this. Go on the left side.
You can drop down the you know, the drop down
(20:29):
menu and go to all different areas. Go to the
video section and down towards the bottom. You will see
a video this morning that was on CNBC with chat
GPT Sam Altman, Open AI CEO Sam Altman phenomenal videos
what six minutes and fourteen seconds? You want to get
a feel where AI is going? Watch this interview. I mean,
(20:50):
this is the man leading the charge in so many ways,
but it is an incredible Actually, pardon me, that was
just a clip. Their full video is twenty almost twenty
two minutes. That one requires a subscription though it's the
pro version. But did you did you get a chance
to see that at all? I only caught bits and pieces.
Go doing the stock. Yeah, may you're not impressed with
(21:11):
what he was predicting?
Speaker 2 (21:11):
No, I totally am. I mean again, I know we
have a break, but you know, AI is as far
as you want to extend it in your brain, right,
and yeah, it just comes to point where you know,
what are we going? To do with all the sequel.
Speaker 1 (21:23):
Yeah, yeah, exactly, amazing interview. All right, you're right, we
are late for break. Let's turn it over to Joseph Azar.
He's got news trafficking weather. Joseph, welcome back to the
John Sanchez Show on the stock seven eighty k oh
all right with Jason of course. All right, two o
seven gain on the down, two o seven game on
(21:43):
the nastack and up forty nine on the s and
P five hundred. Jay, let's uh, let's since it's Friday
and we get to meander around to do our little
Smorger sport. Here suck a little Fanny May and uh
and uh Freddy Max. Shall we sure f n m
A the symbol on Fanny May and a Federal Home
Loan Mortgage Corp FMCC big moves on the stocks today, folks,
(22:04):
lits'ten up? What's going on? Let's go to Fanny May.
Twenty point four or five percent gain today, up a
dollar sixty nine to nine dollars in ninety eight cents.
Federal Home Loan rising twenty point nine one percent, up
a dollar thirty nine two seven dollars and ninety eight cents.
You know this as I mentioned de Ross this morning, Jason,
when I was doing the stock update in this news broke.
(22:25):
It really pays to have a president that's a you know,
a Wall Street guy. So, folks, if you don't know
if Fanny made and Freddy mackar so they're there, quasi
government entities. A little backstory here and then I'll tell
you what we're talking about them, quasi government entities. They
got themselves in trouble and owait in the financial crisis.
Government took conservativeship of them, and they've turned to do
(22:46):
as Dwight has said, atm Machines for the Treasury Department. Right,
they make a whole bunch of money. Well, people have
been going, Okay, how long do they need to remain
under government conservative ship? Right, they make a lot of money,
as I said, and so on and so forth. So
you know what, let's get him out of the you know,
a big brother taking care of them. So the Trumpet
(23:06):
administration announced today that they're preparing to sell stock in
the aforementioned companies. They believe the offering could raise somewhere
around thirty to fifty billion dollars value the companies combined
at least five hundred billion dollars or more, so on
and so forth, and so the stocks surged on that news. Today.
(23:28):
Bill Ackman, of course, the CEO of Pershing Square Hedge
Fund out there, and Paul Send and a few other guys,
they kind of been to the President's here because they
went back, you know, if you go back six months
a year, they happened to buy a lot of the
stock of Fannie May and Freddy and then they got
into the President's here and said, mister President, you need
(23:48):
to take this company public. And so guess what they
announced today, They're going to go public. What do you
know about that?
Speaker 2 (23:55):
Weird?
Speaker 1 (23:56):
That's strange how that happens, didn't that's strange exactly? Yea,
But big pops on those stocks though.
Speaker 2 (24:02):
Well, I mean I think at some point we need
to take them out of government conservatives, right, yeah, exactly.
You spread that risk out to shareholders, of which later
when they blow up, will pull them back into the
US government. But you know it, you know, that's always
the everlasting question, right is how much risk does the
(24:23):
government need to take in these types of things? Right,
they're already involved with mortgage backed securities. Clearly, the FED
has been jettisoning some that they had bought during COVID
et cetera. But you know, trying two more, you spread
the risk around as far as all of these collateralized
mortgage et cetera. Whereas as of now, like you said,
(24:45):
Fanny and Freddie are theoretically not theoretically their liabilities of
the US government. It's just what do the lending standards
revert back to what they were before? That's that's always
the toughest part is you know what got us into
trouble before. I feel like the lending market at least
is as healthy now, is it? Absolutely? You know, you've
(25:07):
got to go through a million hoops to get mortgages
versus you know, be able to fog a mirror with
your breath like it was back in a wait.
Speaker 1 (25:17):
So, you know, yeah, and keep in mind, you know,
I started to explain what those two companies do, folks,
and so I'll use the Whites Company as an example,
Highlands Mortgage. So what Fanny and Freddy do is they
you know, they don't lend, they don't do the mortgages,
but they buy them from mortgage companies and then they
turn around and repackage them and turn them into a
(25:37):
Wall Street investment and sell them on the street. So
our brokers do something on the street. So they're they're
very important. I mean they if it wasn't for them. Yeah,
and that's one of the fears if they start getting
out under the government control. Jay As we all know
that there are some mortgage professionals are saying, watch mortgage
rates jump up if this happens. But that's yeah. I
(25:59):
don't know why they're concerned about that. Many say just
the opposite, but that is one of the concerns out there.
So anyways, what else you want to talk about? Pick something,
let's talk let's wrap well, Trump wants a billion dollar
settlement from UCLA.
Speaker 2 (26:12):
Oh, dar Na, I don't want to go down that route.
I think it's more of you know, we had a
fair amount of earnings the last couple of weeks. You
know what's on the what's on the table ahead of us, right,
so August September tend to be bumpy times in the market, right,
You've got the you know, i'd say bigger earnings names
I think in videos still do out right or they
(26:33):
do next week. You know what? What could derail this
at least near term go go market that we'd had.
I think that would be one. I know you had
mentioned to me a little bit earlier in the week
that you were cautious, and I said that, you know,
that was sort of market view right now, just given
the where we were run off the lows and up
(26:56):
near all time highs. Again, people tend to get, you know,
a little bit of altitude sickness right where you have
these big runs. But what do you think could derail
this market over the next couple weeks outside of earnings,
you know, anything that you know?
Speaker 1 (27:11):
Man, that's a great topic. Here's what I'm seeing a
lot of unknowns. And when I say unknown names, I
don't mean that we've never heard of them. But they're
not the daily names like obviously the videos and the
googs and so and so. I'm talking names like like Toady,
like under Armour or Expedia or Sweet Green and Legal Zone.
These What we're seeing is if these companies are not
(27:33):
priced or perfection, they're getting tanked. Right Like Legal Zoom
had a really good report, stock shot up thirty one
point four to two percent. Today, trade desk missed their
numbers or gave it didn't miss their numbers too bad,
but gave a bad guidance. Three I think I counted
four downgrades. Stock lost thirty eight percent, right, So they're
being very very unforgiving. And so to answer your question, yeah,
what could derail it? I don't know right now, to
(27:56):
be honest with you. And that's what's got me puzzling.
That's why I said last Friday, I'm cautious, which calculate
that I, for some reason, my system is not updating
on the weekly numbers. So if you could dig that
up real quick, with the Dallas and P and nastective
for the week.
Speaker 2 (28:08):
Here in front of me, three point nine percent for
the week. S and P was up two point four,
Russell up two point four, your Dow up one point
four percent.
Speaker 1 (28:18):
Okay, so solid numbers.
Speaker 2 (28:19):
Yeah, so I was wrong on that one, and the
Dow is only up three point seven percent this year.
Speaker 1 (28:24):
Yeah, that's the thing. I mentioned that this morning one.
Speaker 2 (28:26):
Of my updates. Yeah, not helping, Yeah, yep, Apple exactly right.
Speaker 1 (28:31):
Yeah, So you know, what could you rail it? We've
got a lot of momentums. You and I keep telling
our clients there is a lot of momentum and might
we're gotta be careful about again. Is it back to
your question on the earning side, Yeah, we're we're obviously
a lot of the big names are done right now, right,
but you still have a few, like like you said,
like Navidia and stuff like that. But for the most part,
(28:52):
a lot of the big names are done and most
of the sectors. So what contend to happen, of course,
is you and I both know the market can start
to get really bored, right, It's like, Okay, we've got
all this adrenaline, all this momentum. Earnings have been great
for the most part. You know, I think the latest
numbers like eighty three percent of companies SMP companies have
beat earnings expectation. Blah blah blah blah. All this momentum.
But then what what happens when earning season really starts
(29:14):
a tail down or when it's actually finished here in
a couple of weeks. What's the market going to get
excited about? Did we go back to tariffs? Maybe some
of the new negotiations, But Jason, we had terrible tariffs
this week, right, We had a lot of tariffs announced
that were Yeah, India, you know a lot of companies, Switzerland,
et cetera. Market didn't pay attention to it. So now
it's telling us the market's really not paying all that
much attention to tariffs anymore. So we can't say that's
(29:37):
a worry point. Fed no meeting in August. Street's convinced
of a September first rate cut, so we don't have
that to worry about. So you know, you got to
give us us adrenaline junkies. You got to give us
something to get excited about. And like I said, that's
I think, and that's one of the reasons we as
you and I always talked about, you get into that
September time period, it's like, okay, we're you know, we're
(29:57):
wrapping up the third quarter of the year. Earning season
is done for the most part, you know, until you
start getting the releases. So you know, we've got to
find something to get excited about. And I don't know
what it is right now. I think for the next
few weeks we're fine. I'm still going to say somewhat cautious,
but I think overall we're you know, we're pretty fine,
but running out of things for this market to get
excited about. And you know, like you mentioned the beginning,
of the show, SMP's knocking on the door of a
(30:19):
new record, and so on and so forth.
Speaker 2 (30:20):
So video is August twenty seventh, So we got twenty seventh.
Speaker 1 (30:24):
Okay, so we got a ways away. But that was
that seems late this year, right.
Speaker 2 (30:27):
No, really, rate they're like off with the nobody's Yeah exactly.
Speaker 1 (30:33):
They said they can stand out in the crowd. All right,
let's wrap it up with a Jack Saban he's got
a traffic in the right now traffic center jet go
right ahead, Welcome back to the John Sanchez Show on
Newstalk seven to eighty KO. Which if Jason and I
can be of service to you for your financial planning,
investment portfolio management, text strategies and state planning insurance review.
Speaker 2 (30:54):
Let's see we do a lot.
Speaker 1 (30:56):
Yeah, we kind of do a lot.
Speaker 2 (30:57):
Friendship give us a call.
Speaker 1 (30:58):
Two much friendship too, Yeah, friendship toolich exactly how.
Speaker 2 (31:04):
To repair trucks and make fun of us.
Speaker 1 (31:08):
That happens a lot. We're used to that one. Give
us something new, give us something new. Our spouse is,
our employees. Everybody makes fun of us. Yes, we enjoy
our jobs. That's all that matters. All right, brother, looking
at your crystal ball. Let's talk about next week. We
got just a few minutes. How we're gonna we don't
have a lot. We get a lot of inflation data
(31:28):
next week, but other than that, nothing too crazy.
Speaker 2 (31:31):
Pretty quiet factory orders on. When we got out of
the way, we've got CPI. Do a little CPI next week.
What do you think? See some inflation number? Yeah? Does
that even matter?
Speaker 1 (31:42):
It doesn't matter anymore, It really doesn't.
Speaker 2 (31:44):
Inflation's all done.
Speaker 1 (31:45):
We're only looking for a one tenth of a percent
bump up. We were up three tenths a month before.
Speaker 2 (31:49):
Tuesday, and then PPI on Thursday. I think we're going
to start paying attention to job as claims. That's going
to be a thing again.
Speaker 1 (31:56):
Edging up that was one thing this week. Yep. Starting
to see a little ledge up there. Did you? I
know you didn't get chance to listen to the show yesterday.
But speaking of slowdown, man, we went over the July
housing dat of here local. I bet I've heard it. Folks.
If you missed that show, you pick up that podcast.
It is. There are some tell tale signs, my man
about things slow down.
Speaker 2 (32:17):
Inventories picked up a lot.
Speaker 1 (32:19):
You can you can see it days on the market.
Speaker 2 (32:23):
But I mean people are waiting for rates to come
down to and want to see a reaction in housing.
But we get retail sales on Friday again, and that's
at starting to look for. Is the consumer softening?
Speaker 1 (32:33):
Right?
Speaker 2 (32:33):
Are they tapped out? I think still?
Speaker 1 (32:37):
Consumers so important? They have said it a million times,
you do this time.
Speaker 2 (32:40):
Consumer is important obviously because they buy all the things
that helped grow top line of all these companies and
keep the market on and on and on. I think
the sentiment part of it is also very important, right.
You see consumers get bewildered. They stop buying houses, stop
buying cars, stop buying goods. You see that filter into companies,
you know, quarters and quarters ahead, and companies start to
(33:02):
sound dour and talk down guidance and things like that. So, yeah,
the consumer holding up, especially in the US, given that
the seventy plus percent of GDP is US buying and
eating things. We need the consumer to keep keep on humming.
Speaker 1 (33:17):
Is the drinking and mixed in that mix?
Speaker 2 (33:19):
So I saw an article that drinking is coming back?
Speaker 1 (33:23):
Is it really?
Speaker 2 (33:23):
Yeah? Well, GP one slowed that down a lot. People
have now gotten to their target weights, so they're starting
to consume alcohol again, which is attle bit yep, you
have to right, you know, well, not to excess, but
it's always good to to, you know, have a little
drink of wine here now and.
Speaker 1 (33:41):
Then there you go. It's a good veno. It's a
good veno there all right, that's it, folks, that I'm tired,
as you can tell. I have nothing else to say.
Speaker 2 (33:53):
That's good.
Speaker 1 (33:54):
I mean, that's it, really is.
Speaker 2 (33:55):
Given it all.
Speaker 1 (33:56):
I can't tell you, yeah, I really did. I think
we're both just getting.
Speaker 2 (33:59):
Our We've got another very very very busy week ahead
of us here at the office. And again, if we
can be of any assistance, please don't hesitate to reach out.
And how about that website, Yeah, Sanchezgaunt dot com, gego and.
Speaker 1 (34:12):
T absolutely and once again our phone number seven seven
five eight, you know one again give me a little
hot outside this week if you're sitting inside going to teez,
what the heck am I going to do? We invite
you to go back and listen to any of our
podcast at iTunes, Spotify, et cetera. Get caught up today.
If you missed any of the stuff this week, go
pick those up. But again, there was over a thousand
podcasts out there of the John Sanchez Show available for
your listening pleasure, and we're going to be adding it
(34:34):
quite a few more here coming up soon. All right,
my friend, great job, great fun with you today. God
bless everybody. Have a great weekend. We will see you
on Monday. This program was sponsored by Sanchez Gone Capital Management, LLC.
The material in this program was intended as general information
only and should not be taken at specific investment, tax
or legal advice. None of the information on this broadcast
(34:56):
was intended to be a solicitation for the purchase or
sale of any secure purity. Further information is available by
contacting John at Sanchezgaunt dot com or seven seventy five
eight hundred one eight oh one. John Sanchez offers securities
and advisory services through Independent Financial Group LLC, a registered
broker Dealer and Investment Advisor member FINRA SIPC. Securities offered
(35:18):
only in States. John Sanchez is registered in Sanchez Gaunt
Capital Management LLC. In Independent Financial Group LLC are unaffiliated entities.
Good Friday afternoon to you. Welcome to the John Sanchez Show,
one News SOX seven eighty K H T G I
F mister Gaunt. Three exclamation points, all of them, all
of them. Everyone that I can muster. We're going to
throw at the end of TG.
Speaker 2 (00:17):
Right, Yeah, yeah, absolutely happy, happy it's Friday.
Speaker 1 (00:22):
Indeed, indeed, it's been a long week. Been a long
week long yeah, absolutely, yeah, not bad at all overall
good though.
Speaker 2 (00:31):
Yeah, No, I mean it's uh, we've been busy here
in the office, you know that. Indeed, it's a welcome weekend, right,
I think, Yeah, lots of things going on that people
are going to be excited about. What is is August
Night's hot? August? Is that now? Is it?
Speaker 1 (00:47):
Believe it is now? I believe it is now. I'm
not a car guy, but from everything.
Speaker 2 (00:51):
I mean, I've never been. How bame is that you should?
I have a car Scout today, like just for some
weird reason, wanted to drive it and I've been I
drove around a little bit earlier and I saw these
cars like, ah, that's.
Speaker 1 (01:04):
Right, that's why you had the Hawaiian shirt on in
the sunglasses.
Speaker 2 (01:07):
Yeah, gen you know, Jean shorts right shirt. Absolutely, that
was me.
Speaker 1 (01:12):
You gotta tell the audience, you gotta you gotta tell
the audience about Gordy, tell the audience about just a.
Speaker 2 (01:17):
Piece of junk Old Scout, International Scout. But it's fun
to drive. But yeah, it was. Wait a minute, I
always joke in the part of it's like a dirt box.
But the funny part is the number of people in
like brand new Broncos that look at me like I'm
the prettiest thing around.
Speaker 1 (01:33):
Oh yeah, you're the inv Okay, folks.
Speaker 2 (01:36):
It paid like five grand for this thing and.
Speaker 1 (01:37):
They paid is usual. He's being really modest. So not
only is he an incredible portfolio manager and the smartest
man I know, but he gets his piece of junk,
you know, pushes it into the.
Speaker 2 (01:49):
Garage we spent down the street.
Speaker 1 (01:51):
I know, I know, tell him the truth. How many
months did you spend or years rehabit on.
Speaker 2 (01:56):
No, it's yeah, I mean probably you know, a year
or so.
Speaker 1 (01:58):
Yeah, I'd call him on the week I need to
you know, changing the starter, rebuilding this or uh huh huh.
And so now he has this dream Scouts that again
everybody's envious of. So yeah, I like I've told you
from the beginning. I envy guys like you. I used
to have a neighbor that that did that, but he
would turn out and sell them. But any of you
(02:19):
guys and gals out there that can do with what
we're talking about here, re having a car from nothing pieces,
you know, pile of rust to something that you're proud
of driving down, moving pile of frost, moving pile of hey,
you know what, but it's fun. You don't have a
car payment on it.
Speaker 2 (02:33):
It's I don't think they would even offer me alone
on set. So funny story when I yeah, at the beginning,
like you can use these classic car insurers and they're cheaper. Yeah,
they say you drive like two thousand miles a year
or whatever, Right, I send in pictures of it. When
I first started, it was like, I, you know, I
used to have an old Camara, like a sixty eight
Camaro that I'd redone and done a bunch of stuff too,
(02:54):
and used him before. And I'm like, this will be great.
It's way cheaper than regular insurance. So I try. I
take a bunch of picture of it and I sent
it in and they're like, no, we can't ensure that thing.
At all, think big.
Speaker 1 (03:10):
Like probably the first person they've ever turned out. Noah,
I don't think so.
Speaker 2 (03:17):
I would. I bet they would.
Speaker 1 (03:18):
Now you always have Lloyds of London to turn to
exactly right, they will sure anything or.
Speaker 2 (03:25):
Somewhere down the alley near Lords.
Speaker 1 (03:29):
That's a great story. But yes, hot August Nights thanks
to our great producer Jack said, it runs through August
the tenth. So I want you to get out. You've
worked hard this week, get out and go down there
and go visit. I went years and years ago. But
I'm just, like I said, I'm not a car guy. Yeah,
it's crowds. If it was boats or tractors, I'd be there.
Speaker 2 (03:50):
Well that's the thing with my old Camaro, Like I
would take it somewhere and lift the hood and do
that whole course. And like people try to just size you,
and you.
Speaker 1 (04:00):
Know what, I'm like, dude, go away, left off chrome
off the.
Speaker 2 (04:06):
That's from China parts on that part of the reason
I sold it.
Speaker 1 (04:14):
I'm like, that's right, that's right. Tired of being criticized
is this thing?
Speaker 2 (04:17):
I'm like, yeah, I know that's.
Speaker 1 (04:21):
I know that she auto part you know, alternator on
this thing or okay, it gets me from A to
B the two times a year driving exactly.
Speaker 2 (04:28):
I know that the Kamaro was like an ice cream getter.
That's the only time I ever used it. Is like,
come on, guys, and my wife's in the passenger seat,
like the dash is four inches from her face. She's like,
I have lap belts, right. I put in shoulder belts
in this thing for that reason, because it's I used
to look a pretty little smile and I hit the
brakes and smack.
Speaker 1 (04:49):
Did you put in the fluorescent orange? No?
Speaker 2 (04:54):
Just regular, you know, kind of put a roll roll
bar in it and put shoulder things so it's nice.
Speaker 1 (05:01):
You've never told me. Have you had them off road?
Speaker 2 (05:03):
No? I I want those gun everything all the way
up to the motor like I I mean, I could no. No,
this thing. The transmission is like a three speed it.
You know, I trust it, but you know someday I will.
And it's not because I'm trying to keep it clean.
(05:24):
Believe if you saw it, I don't think I've ever
watched it, just because I'm afraid it would just parts.
Speaker 1 (05:29):
Would you live in a beautiful house. I'm surprised the
neighbors haven't you keep them into the garage. I do.
Speaker 2 (05:35):
I keep it in there because I have to keep
the garage door open for like ten minutes after I
leave because I set the carbon monoxide. That's a true story.
Speaker 1 (05:45):
The head wife.
Speaker 2 (05:47):
I mean, there's no cats, so it's just straight up
like you know, loud and stinky, right and stinky. It's stinky.
I mean I like the smell. But yeah, the fire
department doesn't.
Speaker 1 (05:59):
Right, smoke alarm in the house is going off then.
Speaker 2 (06:04):
Morone?
Speaker 1 (06:06):
Yeah, all right, well they work. Every man has passions
in life.
Speaker 2 (06:13):
Right I do.
Speaker 1 (06:14):
I do. I Like I said, you go go have
some fun this weekend. Did we have fun in the
market today?
Speaker 2 (06:21):
We did? Yeah, I mean for an Apples certainly.
Speaker 1 (06:24):
Calls one of the best years since our best week
since what twenty twenty? This thing like the Energize your
Bunny right now just dead money for so many months,
and another ripping game today, just amazing, just amazing.
Speaker 2 (06:36):
It's just a lot, I said that sort of momentum reversal, right,
the Apple Google, some of those names have really picked
up their head because they were under owned and probably
shorts and you're you know, outperformers are underperforming now right,
So it's you know, Amazon salesforce, those are you know,
software and Buy and Large is underperformed over the last
(06:58):
week or two. So again common of a rotation, but
the market continues to defy all odds, even though you know,
you look at a ten day period and we're still
pretty range bound rying to digest this six thirty to
six forty level on the sixty three hundred, sixty four
hundred level on the S and P five hundred. I
think I can SAYTF names Canada.
Speaker 1 (07:19):
We you can say them.
Speaker 2 (07:21):
Oh wow, I'm gonna wait.
Speaker 1 (07:22):
I know, I'm gonna wait. Keep it. You're just gonna
wait and save it.
Speaker 2 (07:25):
Yeah, it'll be fun. Someday I'll just bust out.
Speaker 1 (07:27):
We'll tell you why we can say ETF names next week, folks,
I promise, right. But anyway, so yeah, no, that's it,
that's true. Yeah it uh you know again Apple, for
those of you that missed the show a couple of
days ago, you missed the news headlines, you know, really,
I mean it had strength and then of course what
was that Wednesday when Tim Cook you know, was standing
and shaking hands with the President and announcing another hundred
(07:50):
billion dollars of investment here in the US on top
of the five hundred billion that they had, uh you
know mentioned before, and that just a few minutes later
is when the President and said, oh, by the way,
we're going to pose one hundred percent tariff on any
important semiconductors that you know, the plants are not being
built here in the US or so on and so forth.
So that gave the stock another shot of steroids and
(08:11):
it took off. And yeah, thirteen percent surge this week
for Apple. It's just just amazing. So six hundred billion
investments is what they're going to do over the next
four years. So I always wonder, Jason again, you know,
I've discussed the softare all these companies that have committed
I e. Apple and many many others, Taiwan, Semi and
many others. What happens, you know when Trump is gone?
Are they going to continue with these plants where they
(08:32):
just gonna I don't know.
Speaker 2 (08:34):
It's yeah, it's the big question. I think everyone thinks that, right,
And some of I had to cliin in today and
they were talking about sort of the momentum in crypto
right ironically, Yes, youmailed me crazy literally as I said,
But the momentum in crypto and is that going to
wane when Trump leaves office or if someone comes in.
(08:54):
And I think the answer was it depends. I don't
think you know, some of these sort of larger technology
changes will. But you know, if things happen that necessitate
a change, it wouldn't surprise me to see certain things
slowed down in the vein of oh recession or slow
down or whatever. We're going to slow our plans to
(09:14):
do X, Y and z. But you know, it's up
to the American people really to decide as to do.
They want to start to favor American based, American produced companies,
and like I've said all along, I'm totally down with it,
right Like if you want to put the flag on
it and say buy America and know that it's going
to cost you ten to fifteen percent with the ultimate
(09:37):
end goal of having that production here, creating jobs here
longer term, Like just know that that is part of
the cost. Let's do it. But you know it's going
to cost more, and that's the part that you know
you need to decide what's more important to you, sort
of domestic production, domestic jobs, or I want to go
on Amazon and click the cheapest price for some item,
(09:58):
and so I think I will very much depend on
sort of wherethy economy.
Speaker 1 (10:02):
Is then, and well I'll venture out and go on
a limit and say it's very easy for all of
us to sit here, and you know, like you said,
raise the flag and all that stuff. But the bottom
line is, and especially if the consumer continues to struggle
as time goes on due to tarifts, et cetera, it
will always come down to what a person can afford.
And if a person can buy an American built widget
that cost one hundred dollars or a you know, Chinese
(10:25):
built widget that costs eighty dollars, ninety nine point nine
percent of the time they're going to buy the eighty
dollars Chinese widget.
Speaker 2 (10:31):
Right.
Speaker 1 (10:32):
There's there's no doubt in my mind. So it's just
again just human nature. Those that can afford it and
want to be patriartic, sure they'll pay more. I always
like it, you know. My the similarity as you were
describing that I'm thinking about hiring a contract Let's say
you're a I don't know, a big commercial builder, right
or developer. You hire a contractor that's a union shop,
you know, it's going to cost you more, but it's
(10:52):
better quality, you know, per se versus a non union shop, right,
and so very similar to that, you kind of get
what you pay for. I'm not saying that foreign products
are not good, but yeah, you can't. Can't get real patriotic.
I mean, I I I feel I think I put
on a sweatshirt or something the other day and it
said made in Vietnam. I'm like, man, that doesn't doesn't
(11:12):
feel good. You know, you feel bad about that, you
really do. Yeah, China, it's not China. Yeah, but still
it's not us.
Speaker 2 (11:20):
Yeah, exactly.
Speaker 1 (11:21):
But pretty hard to find any clue that made in
the US though, that's for sure. All Right? The week
on Wall Street? What happened? Why did it happen? What
do we see going on? Next week? It's a free
for all. You got any question? You want to take
some phone calls? Yeah, let's let's do some phone calls.
I mean, it's Friday. We can talk about anything we want. Literally,
literally exactly eight five to two talk eight five to
(11:43):
two talk one, eight hundred and five six four kkh
the phone numbers. Give us call you want to chat
about the market's got a strategy got some fear. Whatever
it is, we'd love to chat with you.
Speaker 2 (11:51):
This from text office to eight hundred eighteen oh one
so seven.
Speaker 1 (11:55):
Oh, very good.
Speaker 2 (11:59):
City for not driving get waited in traffic.
Speaker 1 (12:02):
Yeah, yeah, that's right, don't drive in text all right.
This turned over at Christmas, so she's in the right
now traffic center. Hello, Christen. Oh that's right. I'm sorry, Jack, sorry,
you're not as all right? All right, Welcome back to
the John Sanchez Show on News Talk seven eighty ko
H with Jason Gaunt and myself. Finished up two oh
(12:24):
seven on the down to day point four to seven
percent to a closeup forty four thousand and one seventy five.
Now as that grows two hundred and seven point nine
eight percent to a finish up two twenty one thousand,
four fifteen and the SMP hired by forty nine points
point seven eight percent, finish the day at six thousand,
three hundred and eighty nine. Got some breaking news for you.
I'll get to you in just a moment. Three cent
gain on oil sixty three eighty eight a barrel gold
(12:45):
hired by thirty four dollars and ninety cents to three
thousand and four ninety one twenty. We're gonna talk about
gold here in a moment also, and on the bond
side of things, bond yields for the tenure or the
yield on the tenure up four basis points to close
a four to twenty nine, up about seven basis points
for the well. As Jason and I were wrapping up
that last segment for you, coming across the news wires,
President Trump, Hey, you guys want to take a trip
(13:06):
to Alaska. You can go see Trump and Putin Storry.
The President announced he's gonna meet with Putin in Alaska
next Friday, August the fifteenth. They're not saying whereabouts in
Alaska could be? Would that be something, Jason? If it
was like fishing, like on a glacier or something, no
one around, just the two world leaders sitting out there,
would that be something?
Speaker 2 (13:26):
Maybe they'll just be sitting on like a fishing boat.
Speaker 1 (13:28):
Or something even better, even better, crab boat. Yeah, sitting
on a crab boat out.
Speaker 2 (13:32):
There, Putin, you could just reach into the water, bear
chested and just grabat you see, Yeah, like ride a
bear or something.
Speaker 1 (13:40):
Yeah you heard it takes a nice cold shower every morning,
of course, Yes, exactly now. In all seriousness, this could
be very interesting next week, folks, let me kind of
bringing up to date on this. We've been following this story,
so again, just announce they're gonna meet next week in Alaska.
But Trump's been kind of dropping some hints on true
social throughout the word that they're getting close to a deal,
(14:01):
obviously to end the war with Ukraine. This week, Putin
presented Trump with a proposal, a ceasefire proposal. What he wants.
He's demanding major territorial concessions by Kiev and a push
for global recognition of its claims in exchange for a
(14:22):
halt to the fighting. That's according to European and Ukrainian officials.
We've heard this before. Who knows if this is going
to happen. We hope for the sake of life that
obviously something happens. But I think, you know, I've been
trying to think about this. I don't know if we're
going to get really much market reaction to this. When
(14:42):
it's let's say they walk away from this meeting next
Friday in Alaska and there's now a ceasefire, I don't
think there's going to be much market reaction. I think
Mark's like, Okay, it's not really affecting us now, so
why do we care? Obviously human life is another element,
but from an economic standpoint, I don't know. And then
of course it's going to be interesting to see what
Zelensky has to say about it. Because he doesn't seem
(15:04):
to be involved in any of these discussions. He's probably
said back, gone, oh boy, you know, yeah, that's going
to happen.
Speaker 2 (15:09):
No, I know, I mean giving up territory and things
along those lines. Yeah, what is saving face? You know,
if he's giving up anything. So it's be interesting. I
mean oil prices could respond, I would say, maybe, you know, yeah,
that's true. Aside from that, I don't think there's any
real macro geopolitical fear at this point.
Speaker 1 (15:24):
Yeah, all right, turned over to you. Let's talk about
today's market action. Then we'll get into the week on review.
Speaker 2 (15:32):
Yeah, like we said, you know, you had that decent
rotation out of the underperformers, I'll keep calling them sort
of the low momentum names to the higher momentum names
had underperformed. I would say, this week, as Apple and
the others picked up Cisco, some of those you know
again Google had been a dog for some time. That's
at least getting a little bit of wave behind. I mean,
(15:54):
I think mentioned before, I think for a trade, if
you're going to go play the data game, right, Google
probably has arguably, outside of Apple, the most an meta
customer data, right. I mean they know all your search
habits and your emails and things. So I think you're
a fool to leave them for dead thinking that you know,
they're behind the the open AI chat, GPT perplexity wave
(16:17):
with their Gemini offering. You know, they I think they
have a toe hold in our youth through school and
things where they've all been using Google Docs and Google
sheets or whatever. It's called them an Excel guy, but
I can't use Google sheets and I know, thanks, But
I think you know that's a that's a name that
could have some some upside to it at some point. Again,
(16:39):
if you're planning for reversion. You know, more of the
FED head chatter comments around Christopher Waller as a top candidate.
But we heard, uh, you know, former president FED President
Saint Louis, FED President James Bullard thrown around for the FED,
Mark Summerlin thrown around. So you're hearing more people now
(17:00):
again with the thought that you get a shadow fed
to some extent where what Powell does, what Powell says
over the next several months will become less and less important,
especially when President Trump sort of gives a nod to
someone given that Powell's on his way out come springtime
next year. But rates have been showing that they feel
(17:21):
that the FED will be lowering later. You get the
tenure now at four point twenty nine percent. The two year, remember,
is what we always look at to say where does
the market think rates will be one year from now?
Rates are currently at four and a quarter to four
and a half, the two years at three point seven
six percent, which implies certainly two cuts potentially three over
(17:42):
the next twelve months. So pretty call market. No real
big macro moves today, but was a pretty decent week overall.
Speaker 1 (17:50):
Well trivia for you. What government official or what government
position has had six leaders so far this year and
a new one announced today?
Speaker 2 (18:00):
H good one stumped? Yeah I R S Trump Trump
can with those coconuts.
Speaker 1 (18:08):
Yeah Trump. Trump canned Billy Long as the commissioner of
the I r S today, less than two months on
the job. He's a former auctioneer by the way, and uh,
good old Scottie Bascent. He's gonna step in there. And
besides being Treasury Secretary, he's going to be the interim
head of the I r S, the interim I r
S commissioner.
Speaker 2 (18:24):
That makes sense, Treasury.
Speaker 1 (18:26):
Six people have had that job this year. Six people.
Speaker 2 (18:29):
Wow.
Speaker 1 (18:30):
Yeah, But I think it's a great idea to have
a one time auctioneer running the i RS, don't you
or formally sure?
Speaker 2 (18:35):
Yeah? I complete, yeah, why not? I had to sit
on the I r S like yesterday for I'd send
in my April taxes with a quarterly tax payment. Again,
this is my issue. I'll blame myself. I put both
stubs in the same envelope, you know, one quarterly. Uh,
they applied it all to the quarterly, so I hadn't
(18:58):
paid my April taxes and applied all to the quarterly
for this year. And when I called them, after waiting
on hold and then summarily waiting on hold nine more times,
they're like, we can't change it because the stub that
we have scanned in which you know, blank you. I
put the stubs in the envelope so I know they
were there. We can't change it. So You've just really
(19:20):
really prepaid your taxes for this year, and you owe
penalties for the I'm like, you can't see the masks.
Look what the quarterly thing is, and look what my
last year was. They're like sorry, I'm like, okay, you're
all fired. But yeah, it was a very nice, very
nice woman on the phone.
Speaker 1 (19:39):
But I think you need to reach out to our
CPA and probably do a yeah, modified return for twenty twenty.
Speaker 2 (19:44):
That's sorry. The baby's born. I paid my three hundred
dollars of penalties and now I've really really prepaid for
this year and probably several more.
Speaker 1 (19:52):
So.
Speaker 2 (19:53):
Oh, hey, you know then how the cookie bounces.
Speaker 1 (19:56):
Sometimes it's how the cookie bounces.
Speaker 2 (19:58):
Go drive away in my rust bucket.
Speaker 1 (20:00):
There you go. See that's why you're you're feeling poor
now because I always took all your money and now
you're driving up.
Speaker 2 (20:05):
We're pre rich, right, I don't have the pre rich.
Speaker 1 (20:09):
Well, you like to prepay bills. I know that, Yes, yeah, exactly.
Hey quick reminded before we go to break and we're
renna late. But before we go to break, I Jason
was just mentioning a little bit about you know, chat
gpt et cetera. I recommend all of you this weekend
go to CNBC dot com. I don't think you need
to have this subscription for this. Go on the left side.
You can drop down the you know, the drop down
(20:29):
menu and go to all different areas. Go to the
video section and down towards the bottom. You will see
a video this morning that was on CNBC with chat
GPT Sam Altman, Open AI CEO Sam Altman phenomenal videos
what six minutes and fourteen seconds? You want to get
a feel where AI is going? Watch this interview. I mean,
(20:50):
this is the man leading the charge in so many ways,
but it is an incredible Actually, pardon me, that was
just a clip. Their full video is twenty almost twenty
two minutes. That one requires a subscription though it's the
pro version. But did you did you get a chance
to see that at all? I only caught bits and pieces.
Go doing the stock. Yeah, may you're not impressed with
(21:11):
what he was predicting?
Speaker 2 (21:11):
No, I totally am. I mean again, I know we
have a break, but you know, AI is as far
as you want to extend it in your brain, right,
and yeah, it just comes to point where you know,
what are we going? To do with all the sequel.
Speaker 1 (21:23):
Yeah, yeah, exactly, amazing interview. All right, you're right, we
are late for break. Let's turn it over to Joseph Azar.
He's got news trafficking weather. Joseph, welcome back to the
John Sanchez Show on the stock seven eighty k oh
all right with Jason of course. All right, two o
seven gain on the down, two o seven game on
(21:43):
the nastack and up forty nine on the s and
P five hundred. Jay, let's uh, let's since it's Friday
and we get to meander around to do our little
Smorger sport. Here suck a little Fanny May and uh
and uh Freddy Max. Shall we sure f n m
A the symbol on Fanny May and a Federal Home
Loan Mortgage Corp FMCC big moves on the stocks today, folks,
(22:04):
lits'ten up? What's going on? Let's go to Fanny May.
Twenty point four or five percent gain today, up a
dollar sixty nine to nine dollars in ninety eight cents.
Federal Home Loan rising twenty point nine one percent, up
a dollar thirty nine two seven dollars and ninety eight cents.
You know this as I mentioned de Ross this morning, Jason,
when I was doing the stock update in this news broke.
(22:25):
It really pays to have a president that's a you know,
a Wall Street guy. So, folks, if you don't know
if Fanny made and Freddy mackar so they're there, quasi
government entities. A little backstory here and then I'll tell
you what we're talking about them, quasi government entities. They
got themselves in trouble and owait in the financial crisis.
Government took conservativeship of them, and they've turned to do
(22:46):
as Dwight has said, atm Machines for the Treasury Department. Right,
they make a whole bunch of money. Well, people have
been going, Okay, how long do they need to remain
under government conservative ship? Right, they make a lot of money,
as I said, and so on and so forth. So
you know what, let's get him out of the you know,
a big brother taking care of them. So the Trumpet
(23:06):
administration announced today that they're preparing to sell stock in
the aforementioned companies. They believe the offering could raise somewhere
around thirty to fifty billion dollars value the companies combined
at least five hundred billion dollars or more, so on
and so forth, and so the stocks surged on that news. Today.
(23:28):
Bill Ackman, of course, the CEO of Pershing Square Hedge
Fund out there, and Paul Send and a few other guys,
they kind of been to the President's here because they
went back, you know, if you go back six months
a year, they happened to buy a lot of the
stock of Fannie May and Freddy and then they got
into the President's here and said, mister President, you need
(23:48):
to take this company public. And so guess what they
announced today, They're going to go public. What do you
know about that?
Speaker 2 (23:55):
Weird?
Speaker 1 (23:56):
That's strange how that happens, didn't that's strange exactly? Yea,
But big pops on those stocks though.
Speaker 2 (24:02):
Well, I mean I think at some point we need
to take them out of government conservatives, right, yeah, exactly.
You spread that risk out to shareholders, of which later
when they blow up, will pull them back into the
US government. But you know it, you know, that's always
the everlasting question, right is how much risk does the
(24:23):
government need to take in these types of things? Right,
they're already involved with mortgage backed securities. Clearly, the FED
has been jettisoning some that they had bought during COVID
et cetera. But you know, trying two more, you spread
the risk around as far as all of these collateralized
mortgage et cetera. Whereas as of now, like you said,
(24:45):
Fanny and Freddie are theoretically not theoretically their liabilities of
the US government. It's just what do the lending standards
revert back to what they were before? That's that's always
the toughest part is you know what got us into
trouble before. I feel like the lending market at least
is as healthy now, is it? Absolutely? You know, you've
(25:07):
got to go through a million hoops to get mortgages
versus you know, be able to fog a mirror with
your breath like it was back in a wait.
Speaker 1 (25:17):
So, you know, yeah, and keep in mind, you know,
I started to explain what those two companies do, folks,
and so I'll use the Whites Company as an example,
Highlands Mortgage. So what Fanny and Freddy do is they
you know, they don't lend, they don't do the mortgages,
but they buy them from mortgage companies and then they
turn around and repackage them and turn them into a
(25:37):
Wall Street investment and sell them on the street. So
our brokers do something on the street. So they're they're
very important. I mean they if it wasn't for them. Yeah,
and that's one of the fears if they start getting
out under the government control. Jay As we all know
that there are some mortgage professionals are saying, watch mortgage
rates jump up if this happens. But that's yeah. I
(25:59):
don't know why they're concerned about that. Many say just
the opposite, but that is one of the concerns out there.
So anyways, what else you want to talk about? Pick something,
let's talk let's wrap well, Trump wants a billion dollar
settlement from UCLA.
Speaker 2 (26:12):
Oh, dar Na, I don't want to go down that route.
I think it's more of you know, we had a
fair amount of earnings the last couple of weeks. You
know what's on the what's on the table ahead of us, right,
so August September tend to be bumpy times in the market, right,
You've got the you know, i'd say bigger earnings names
I think in videos still do out right or they
(26:33):
do next week. You know what? What could derail this
at least near term go go market that we'd had.
I think that would be one. I know you had
mentioned to me a little bit earlier in the week
that you were cautious, and I said that, you know,
that was sort of market view right now, just given
the where we were run off the lows and up
(26:56):
near all time highs. Again, people tend to get, you know,
a little bit of altitude sickness right where you have
these big runs. But what do you think could derail
this market over the next couple weeks outside of earnings,
you know, anything that you know?
Speaker 1 (27:11):
Man, that's a great topic. Here's what I'm seeing a
lot of unknowns. And when I say unknown names, I
don't mean that we've never heard of them. But they're
not the daily names like obviously the videos and the
googs and so and so. I'm talking names like like Toady,
like under Armour or Expedia or Sweet Green and Legal Zone.
These What we're seeing is if these companies are not
(27:33):
priced or perfection, they're getting tanked. Right Like Legal Zoom
had a really good report, stock shot up thirty one
point four to two percent. Today, trade desk missed their
numbers or gave it didn't miss their numbers too bad,
but gave a bad guidance. Three I think I counted
four downgrades. Stock lost thirty eight percent, right, So they're
being very very unforgiving. And so to answer your question, yeah,
what could derail it? I don't know right now, to
(27:56):
be honest with you. And that's what's got me puzzling.
That's why I said last Friday, I'm cautious, which calculate
that I, for some reason, my system is not updating
on the weekly numbers. So if you could dig that
up real quick, with the Dallas and P and nastective
for the week.
Speaker 2 (28:08):
Here in front of me, three point nine percent for
the week. S and P was up two point four,
Russell up two point four, your Dow up one point
four percent.
Speaker 1 (28:18):
Okay, so solid numbers.
Speaker 2 (28:19):
Yeah, so I was wrong on that one, and the
Dow is only up three point seven percent this year.
Speaker 1 (28:24):
Yeah, that's the thing. I mentioned that this morning one.
Speaker 2 (28:26):
Of my updates. Yeah, not helping, Yeah, yep, Apple exactly right.
Speaker 1 (28:31):
Yeah, So you know, what could you rail it? We've
got a lot of momentums. You and I keep telling
our clients there is a lot of momentum and might
we're gotta be careful about again. Is it back to
your question on the earning side, Yeah, we're we're obviously
a lot of the big names are done right now, right,
but you still have a few, like like you said,
like Navidia and stuff like that. But for the most part,
(28:52):
a lot of the big names are done and most
of the sectors. So what contend to happen, of course,
is you and I both know the market can start
to get really bored, right, It's like, Okay, we've got
all this adrenaline, all this momentum. Earnings have been great
for the most part. You know, I think the latest
numbers like eighty three percent of companies SMP companies have
beat earnings expectation. Blah blah blah blah. All this momentum.
But then what what happens when earning season really starts
(29:14):
a tail down or when it's actually finished here in
a couple of weeks. What's the market going to get
excited about? Did we go back to tariffs? Maybe some
of the new negotiations, But Jason, we had terrible tariffs
this week, right, We had a lot of tariffs announced
that were Yeah, India, you know a lot of companies, Switzerland,
et cetera. Market didn't pay attention to it. So now
it's telling us the market's really not paying all that
much attention to tariffs anymore. So we can't say that's
(29:37):
a worry point. Fed no meeting in August. Street's convinced
of a September first rate cut, so we don't have
that to worry about. So you know, you got to
give us us adrenaline junkies. You got to give us
something to get excited about. And like I said, that's
I think, and that's one of the reasons we as
you and I always talked about, you get into that
September time period, it's like, okay, we're you know, we're
(29:57):
wrapping up the third quarter of the year. Earning season
is done for the most part, you know, until you
start getting the releases. So you know, we've got to
find something to get excited about. And I don't know
what it is right now. I think for the next
few weeks we're fine. I'm still going to say somewhat cautious,
but I think overall we're you know, we're pretty fine,
but running out of things for this market to get
excited about. And you know, like you mentioned the beginning,
of the show, SMP's knocking on the door of a
(30:19):
new record, and so on and so forth.
Speaker 2 (30:20):
So video is August twenty seventh, So we got twenty seventh.
Speaker 1 (30:24):
Okay, so we got a ways away. But that was
that seems late this year, right.
Speaker 2 (30:27):
No, really, rate they're like off with the nobody's Yeah exactly.
Speaker 1 (30:33):
They said they can stand out in the crowd. All right,
let's wrap it up with a Jack Saban he's got
a traffic in the right now traffic center jet go
right ahead, Welcome back to the John Sanchez Show on
Newstalk seven to eighty KO. Which if Jason and I
can be of service to you for your financial planning,
investment portfolio management, text strategies and state planning insurance review.
Speaker 2 (30:54):
Let's see we do a lot.
Speaker 1 (30:56):
Yeah, we kind of do a lot.
Speaker 2 (30:57):
Friendship give us a call.
Speaker 1 (30:58):
Two much friendship too, Yeah, friendship toolich exactly how.
Speaker 2 (31:04):
To repair trucks and make fun of us.
Speaker 1 (31:08):
That happens a lot. We're used to that one. Give
us something new, give us something new. Our spouse is,
our employees. Everybody makes fun of us. Yes, we enjoy
our jobs. That's all that matters. All right, brother, looking
at your crystal ball. Let's talk about next week. We
got just a few minutes. How we're gonna we don't
have a lot. We get a lot of inflation data
(31:28):
next week, but other than that, nothing too crazy.
Speaker 2 (31:31):
Pretty quiet factory orders on. When we got out of
the way, we've got CPI. Do a little CPI next week.
What do you think? See some inflation number? Yeah? Does
that even matter?
Speaker 1 (31:42):
It doesn't matter anymore, It really doesn't.
Speaker 2 (31:44):
Inflation's all done.
Speaker 1 (31:45):
We're only looking for a one tenth of a percent
bump up. We were up three tenths a month before.
Speaker 2 (31:49):
Tuesday, and then PPI on Thursday. I think we're going
to start paying attention to job as claims. That's going
to be a thing again.
Speaker 1 (31:56):
Edging up that was one thing this week. Yep. Starting
to see a little ledge up there. Did you? I
know you didn't get chance to listen to the show yesterday.
But speaking of slowdown, man, we went over the July
housing dat of here local. I bet I've heard it. Folks.
If you missed that show, you pick up that podcast.
It is. There are some tell tale signs, my man
about things slow down.
Speaker 2 (32:17):
Inventories picked up a lot.
Speaker 1 (32:19):
You can you can see it days on the market.
Speaker 2 (32:23):
But I mean people are waiting for rates to come
down to and want to see a reaction in housing.
But we get retail sales on Friday again, and that's
at starting to look for. Is the consumer softening?
Speaker 1 (32:33):
Right?
Speaker 2 (32:33):
Are they tapped out? I think still?
Speaker 1 (32:37):
Consumers so important? They have said it a million times,
you do this time.
Speaker 2 (32:40):
Consumer is important obviously because they buy all the things
that helped grow top line of all these companies and
keep the market on and on and on. I think
the sentiment part of it is also very important, right.
You see consumers get bewildered. They stop buying houses, stop
buying cars, stop buying goods. You see that filter into companies,
you know, quarters and quarters ahead, and companies start to
(33:02):
sound dour and talk down guidance and things like that. So, yeah,
the consumer holding up, especially in the US, given that
the seventy plus percent of GDP is US buying and
eating things. We need the consumer to keep keep on humming.
Speaker 1 (33:17):
Is the drinking and mixed in that mix?
Speaker 2 (33:19):
So I saw an article that drinking is coming back?
Speaker 1 (33:23):
Is it really?
Speaker 2 (33:23):
Yeah? Well, GP one slowed that down a lot. People
have now gotten to their target weights, so they're starting
to consume alcohol again, which is attle bit yep, you
have to right, you know, well, not to excess, but
it's always good to to, you know, have a little
drink of wine here now and.
Speaker 1 (33:41):
Then there you go. It's a good veno. It's a
good veno there all right, that's it, folks, that I'm tired,
as you can tell. I have nothing else to say.
Speaker 2 (33:53):
That's good.
Speaker 1 (33:54):
I mean, that's it, really is.
Speaker 2 (33:55):
Given it all.
Speaker 1 (33:56):
I can't tell you, yeah, I really did. I think
we're both just getting.
Speaker 2 (33:59):
Our We've got another very very very busy week ahead
of us here at the office. And again, if we
can be of any assistance, please don't hesitate to reach out.
And how about that website, Yeah, Sanchezgaunt dot com, gego and.
Speaker 1 (34:12):
T absolutely and once again our phone number seven seven
five eight, you know one again give me a little
hot outside this week if you're sitting inside going to teez,
what the heck am I going to do? We invite
you to go back and listen to any of our
podcast at iTunes, Spotify, et cetera. Get caught up today.
If you missed any of the stuff this week, go
pick those up. But again, there was over a thousand
podcasts out there of the John Sanchez Show available for
your listening pleasure, and we're going to be adding it
(34:34):
quite a few more here coming up soon. All right,
my friend, great job, great fun with you today. God
bless everybody. Have a great weekend. We will see you
on Monday. This program was sponsored by Sanchez Gone Capital Management, LLC.
The material in this program was intended as general information
only and should not be taken at specific investment, tax
or legal advice. None of the information on this broadcast
(34:56):
was intended to be a solicitation for the purchase or
sale of any secure purity. Further information is available by
contacting John at Sanchezgaunt dot com or seven seventy five
eight hundred one eight oh one. John Sanchez offers securities
and advisory services through Independent Financial Group LLC, a registered
broker Dealer and Investment Advisor member FINRA SIPC. Securities offered
(35:18):
only in States. John Sanchez is registered in Sanchez Gaunt
Capital Management LLC. In Independent Financial Group LLC are unaffiliated entities.
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My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.