October 6, 2025 • 36 mins
In this episode, Jon Sanchez and Jason Gaunt discuss the current state of the stock market, focusing on the impact of government shutdowns, market valuations, and emerging technologies like quantum computing and rare earths. They analyze market sentiment, the potential for a market drawdown, and the importance of having an exit strategy in a frothy market. The conversation also touches on sector performance and the outlook for upcoming economic data and earnings reports.
👉 Watch this episode on YouTube: www.youtube.com/@thejonsanchezshow
👉 To learn more about retirement planning and wealth management in Reno, visit: sanchezgaunt.com
Compliance Disclosure: This program is for informational purposes only and should not be considered investment, tax, or legal advice. The views expressed are those of the participants and may not reflect the views of Sanchez Gaunt Capital Management. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. Always consult with a qualified financial professional regarding your individual situation before making financial decisions.
👉 Watch this episode on YouTube: www.youtube.com/@thejonsanchezshow
👉 To learn more about retirement planning and wealth management in Reno, visit: sanchezgaunt.com
Compliance Disclosure: This program is for informational purposes only and should not be considered investment, tax, or legal advice. The views expressed are those of the participants and may not reflect the views of Sanchez Gaunt Capital Management. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. Always consult with a qualified financial professional regarding your individual situation before making financial decisions.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:11):
Good Friday afternoon to you.
Speaker 2 (00:12):
Welcome to the John Sanchez Show on Newstalk seven eighty k,
which it's a pleasure to be with you and a
great pleasure to be with my good friend, my partner,
Jason Gutt. Been in meetings all day long. I would
just saying it's like, my goodness, my goodness, enough meetings.
Let's let's have some fun and get into our zone, Jay,
which is the stock market, this incredible show, and forget
(00:33):
about all the other things that have happened throughout our
day to day.
Speaker 3 (00:36):
Yeah, Friday's happening.
Speaker 4 (00:38):
Good meetings, nothing bad.
Speaker 3 (00:40):
It was just lots of things going on here.
Speaker 1 (00:43):
So it's lots of good things going on. Absolutely, Hey,
you be good. You know.
Speaker 4 (00:48):
Uh, I'm not quite sure about the market and how
it's acting. It seems to you know, I feel like
we're stuck in this spot where folks may have de
risked a little bit, but are still afraid of missing
this end of year run which is very typical from
end of October until the end of the year, and
(01:09):
also dealing with government shutdown and is the economy slash
market going to start throwing a.
Speaker 3 (01:15):
Bit of a hissy fit, especially given that.
Speaker 4 (01:17):
I'd say the bulk of the focus now is on
what's the FED going to do next, and that's going
to be based off of economic data that could be muddied, confusing,
maybe not even released like the jobs number today. So
you know, we're at a tentative spot here at near
all time highs.
Speaker 3 (01:34):
Good spot to be is tough, tough to bed.
Speaker 2 (01:37):
Dwight, yes starting is Court and Dwight and I were
discussing yesterday.
Speaker 1 (01:41):
I gave this advice.
Speaker 2 (01:42):
I want to hear your perspective on it also, and
that is living through a lot of these government shutdowns
over the last thirty five years. What I recall, because
it's been a while eight you know, twenty eighteen through
the beginning of nineteen our last government shutdown. But what
I recall, see, if you remember the same thing, is
the government or I mean investors, will give the government
a pass card.
Speaker 1 (02:03):
We'll call it right like we are right now.
Speaker 2 (02:04):
It's like, oh, okay, the government shut down, market said,
and new records every day, blah blahlah. But then it
gets to a point and we don't know where that
point is. My gut tells me it's around maybe a
two to three week mark, and then it's going to
go you know what, this isn't fun. We're flying blind here, right,
we have no economic reports, So then we have that. Okay,
so let's let's use that as part one. Part two
(02:24):
then is when the government finally does open up, we're
going to get a deluge.
Speaker 1 (02:29):
Of economic reports.
Speaker 2 (02:31):
Right, So let's say the government shut down for two
or three weeks, They're gonna have to go back and
give us those reports that we missed in them prior
two to three weeks, plus all the current ones, and
you know, things are just going to go crazy, like, Okay,
we had this, but now it's bad and that was good.
Now it's bad and bad good and you know all
this confusion. So I think we need to, you know,
really be thinking about that as we go forward. We're
(02:53):
you know, government shutdowns are not fun by any means.
And you're seeing a lot now people saying, wait a
minute here, I can't like a lot of military I
read great article that a lot of military films like, we.
Speaker 1 (03:01):
Can't pay our bills.
Speaker 2 (03:02):
We're not getting paid right, and yeah, we know we're
gonna get paid, but I can't make my mortgage, pan,
I can't make my car bame and we know, you know,
average person has heart learningy thing saved.
Speaker 4 (03:12):
And the tough part is those people have no control
over the outcome, right, so like, Okay, I'll vote for whatever.
Speaker 3 (03:18):
Nope, you don't get to.
Speaker 4 (03:19):
So, you know, I wish that translated more into people
taking the people that they've elected and firing them into
a dumpster.
Speaker 3 (03:27):
But you know it, it is.
Speaker 4 (03:29):
It's difficult, and the market also will eventually start to
freak out as to you know, like it always does.
It'll it'll let you know as soon as it's all right,
this has gone on long enough and that's probably when
things start to change.
Speaker 3 (03:40):
The other flip side, too, is all of the.
Speaker 4 (03:42):
Concern around is this being done on purpose by one
side or the other? You know, this is the you know,
I heard a lot of Project twenty twenty five stuff
being thrown around again, where yep, like, oh, this is
part of the game plan to get rid of the
you know, fluff here and Democrats there and such, and
you know, I mean the conspiracy theory start to run
(04:04):
a little bit rampant too. And that's the part that
you know, I'd rather have this done sooner rather than later,
because I don't like when those people start crawling out
of boxes.
Speaker 2 (04:13):
Well we can get you know, as you know I
both have said many times, we can become hypercontracts. We
can talk to ourselves and do anything when it comes
to the market. I want to start Jason. Folks, by
the way, thank you again so much for joining us
this afternoon. It is a Friday. We're going to recap
the week on Wall Street, tell you what we think
this market is doing, what it's telling us, And that's
where we're just jumping right into. You know, the government
shut down, so we had a lot of things to
(04:34):
talk about today. We're gonna, as always on Friday, as
we kind of do what we call it a smorgasboard.
We're gonna hit a lot of different areas. We'll peer
into the into the dark of next week. I was
gonna say the calendar, but we can't have a calendar,
but we can look at some economic or I mean,
some earnings numbers and so on and so forth coming out.
Speaker 1 (04:49):
But Jason, I want to kind of start things off.
Speaker 2 (04:51):
I again, you and I were in meetings all day long,
but I want to share a story that I came
across earlier, and I think This is exactly what we're
talking about as far as more chatter about market froth
at this point. Okay, so this is a give a
full credit to CNBC. It's on CNBC dot com and
the title of the article is Goldman's boss David Solomon
warns of a stock market draw down. Quote people won't
(05:15):
feel good. Okay, So listen to this. This very interesting
points and exactly what you and I have been reiterating.
Stock markets are due a quote draw down in the
next year or two. Now he's he's hedging his bet
right there. He's not't go away out. I agree, Yeah,
I think if you were sending a room, I think
he would not have that in a year or two
(05:35):
in my opinion, after being after seeing years of being
propelled to record highs by the AI frenzy. According to
the Goldman Sachs CEO David Solomon, quote market's running cycles
and whenever we've historically had a significant acceleration in a
new technology that creates a lot of capital formation. Sound
familiar and therefore lots of interesting new companies around it.
(05:55):
Sound familiar. You generally see the markets run ahead of
the potential. There are going to be winners and losers,
he said at an Italian Tech Week in tron, Italy.
Today someone employed to the mass adoption of the Internet
in the late nineties and early two thousands, which led
to the emergence of some of the world's largest companies,
but also saw investors lose money to what has become
as the dot com bubble.
Speaker 1 (06:16):
Quote.
Speaker 2 (06:17):
You're going to see a similar phenomenon here, he said.
I wouldn't be surprised if in the next twelve to
fourteen months we see it draw down with strict to
the equity markets. I think that there will be a
lot of capital that's deployed that will turn out not
to deliver returns, and when that happens, people won't feel good.
And AI bottom as grip global markets in recent years
of the tech companies multi billion dollar deals and the
(06:37):
continuing rise of chat, GPT developer open Ai, it spen
investors big bet on tech and poor capital and the
names like Microsoft, Alphabet, Talenteer, Navidio. Let's say this one.
Two more quotes I just want to share, he says.
It's not going to be the Let me refraate you,
he says, I'm not going to use the word bubble
because I don't know. I don't know what the path
(06:58):
will be, but I do know people are out on
the risk curve because they're excited. And the final quote
he said is when investors are excited, they tend to
think about good things that can go right, and they
diminish the things you should be skeptical about about what
can go wrong. There will be a reset, there will
be a check. At some point, there will be a drawdown.
The extent of that will depend upon how long this
(07:19):
bowl run goes. He added, So again, those are exact
comments you and I have been saying. We've reacted that
way in our portfolios and so on and so forth
in many cases. And I think it again, it's just
another person, whether you like the guy, dislike them, whatever
the case is, but it's just another person saying the
same thing. Where frothe We'll get into market valuations here
(07:40):
in a little bit. But I think it's again something
that everyone needs to be cognizant about.
Speaker 1 (07:44):
Right. Use the surfing analogy.
Speaker 2 (07:46):
Let's ride the wave while we can't, but let's also
know when it's time to bail out, and you know,
paddle to calmer waters.
Speaker 4 (07:53):
Yeah, I mean, you've seen a healthy rotation out of
expensive US markets into international markets as well. Not to
say that the international markets won't feel similar pain, but
will the drawdown be better?
Speaker 3 (08:05):
Right?
Speaker 4 (08:06):
You know, we've talked about it a lot, and it
hasn't just you haven't seen that daily correlation like you've
seen historically of US up, International up, US down. And
there's been lots of days, certainly in the last couple
of months where I've seen US down, International up, US up,
International up, like there's a change going on underneath the
(08:27):
covers as well, and probably just because people are chasing
lots of things, non US being one, but China specifically.
You know, people saying is Ali Baba and some of
those other you know internet names, the way to play
AI now, given relative valuation.
Speaker 3 (08:42):
Et cetera.
Speaker 4 (08:43):
Much like anything, you're gonna start chasing yield, and I
don't just mean bond yield, but performance because managers have lagged.
Lots of people have picked lots of times to be
defensive for obvious reasons, but have gotten hurt from it. Right,
the rally off of the April lows has been bananas
strong and seems unwavering that it just continues to create
(09:05):
these sort of air pockets to the upside. The tough
part is once everybody's in one side of the boat,
we all know what happens. And I think that's this
feels now late innings, not to say that you know,
we don't see I think we're higher than here at
the end of the year. But there will be a
pullback of some kind. I think, you know, maybe in
(09:27):
the November time. From as I keep using that analogy
to twenty twenty one, it feels similar to me of
a lot of you know, money, lots of money chasing
few things, and you get broadening, which is good.
Speaker 3 (09:39):
Breadth is always good.
Speaker 4 (09:40):
But you got to just make sure that you're not
just buying something because someone else has made lots of
money and chasing these high flying low valuation They'll work someday,
like I say all the time, if you hold onto
those dot com names, you know, other than the handful
of pets dot com that went away. You know, Amazon
had an eighty percent draw down too, and look at
(10:01):
it now. It's just what are you going to do
during the middle, right, And that's where it's tough to be. Uh,
you know where retail tends to get hurt, right where
people say, oh, you know, my portfolio is doing so
well well because you're really concentrated and you have a
lot of momentum. Most people can't do that in a
in our seat, right, I need to certainly take some bets,
(10:22):
but also be diversified for you as well, because I
don't want to see a fifty percent draw down because
the winds change. So it's like it like we always say,
certainly take some you know, fun money that you speculate
with and are willing to lose. You've seen crypto very
strong of the last couple of days, rotation maybe out
of gold and silver, et cetera. But you know that
(10:43):
when it does fall, it probably is going to fall
pretty on fast, just given.
Speaker 1 (10:47):
Exactly all the strength. I was going to say the
exact same thing. All right, well we come back.
Speaker 2 (10:51):
We're going to continue on this theme about you know,
are we in a frothy market? Is one of our
topics of this afternoon. But also I want to move
into two other areas. You know, we talk daily, of
course about the AI trade and how it's propelling this
market higher. I mean, it is a massive driving force,
you know that. But I want to talk about two
other areas that are all said, they're kind of fun
to talk about, but they're also underlying pushing this market higher,
(11:12):
and that is the world of quantum computing and what
those stocks have been doing. And then another area that
we're just really starting to hear about, and that is
the Rare Earth. We had two companies today that did
extremely well. Lithium America's right here in our backyard, Nevada,
and then this company that probably many of you have
never heard about before. I love the symbol you saw,
like the National Search and Riskying Team, but it's US
(11:36):
Rare Earth. So big moves on both of those companies. Again,
another pocket of strength at this point cannot last. Only
time will tell, but we want to tell you about
those when we come back. It turned over to the
wonderful Kristen Snow In the right now traffic center. Hello Christin,
Welcome back to the John Sanchez Show on Newstalk seven
to eighty k waights with Jason Gunt. All right, here's
(11:57):
how we finished two thirty eight gain on the Dow.
Half a percent rise of forty six seven fifty eight.
I think that's good. We're up over five hundred at
our best level this morning. Maybe that was a fun ride.
I was right in the middle of my stock up dates.
I was just telling Ross. I remember, I'm like, yeah,
I think we're going to break three hundred, and we
were like, I don't know, two sixty.
Speaker 1 (12:15):
Next report, we're like at up to you know, up
three fifty.
Speaker 2 (12:19):
And then I came back to the next report and
I said, remember and I said three hundred.
Speaker 1 (12:22):
Now we're just broke four hundred.
Speaker 2 (12:24):
You know, it's just one of those days.
Speaker 1 (12:27):
Is good stuff.
Speaker 3 (12:27):
Who are the big helpers today? Inside of the Dow?
Speaker 2 (12:31):
You had big moves in United Health obviously a very
influential stock. It was up, you know, not huge percentage wise,
one point eight eight percent, about six dollars and sixty
five cents. But one of my favorite, you know companies
I love, not recommend the stock, but Caterpillar seven dollars
and forty six cent gain. You know what we're seeing
now is you're seeing a lot of names or on
(12:52):
days where we have the weakness, the names at the
bottom of the Dow, they're very small priced stocks, like
a ninety right, a seventy one dollars stock, So even
though they're down there, they're just not influential in the
now calculation.
Speaker 1 (13:03):
And so yeah, it's not been like huge moves.
Speaker 2 (13:06):
It's just been a lot of them that are up,
you know, a decent amount, right, And yeah, that's why
we close it a record today.
Speaker 1 (13:12):
That's a great question. Man.
Speaker 2 (13:13):
Forty six seven fifty eight snapped our winning streak on
the NASDAC though finished down sixty four, just a point
two eight percent loss. And yes, the SMP closed a record.
It was less than one half of one percent gain today,
one tenth of what let me just phrase that, one
tenth of one percent zero point four to four percent
gain on the S and P today.
Speaker 1 (13:33):
Technically i'd say it's it's unchanged on the day.
Speaker 2 (13:36):
But I'm gonna say, Jason, it was up, you know,
one tenth of one percent because it was a record
closed at six thousand and seven fifteen. I'm I'm gonna
really milk this one, right, I like send record closing.
How do we sit on the year today, basis, folks, Well,
I'll tell you what. We're just plowing higher at this point.
NAZAC for the year's up eighteen percent, SMP hied by
fourteen point two the Russell two thousand, which we're going
(13:56):
to talk a lot about this was a star performer
this week, up eleven percent, and you're to date the
Dow's up nine point nine percent. On the commodity side,
oil prices, oh man, I want to be able to
tell you that we broke sixty dollars a barrel came
close today, sixty eighty five of a barrel, up thirty
seven cents gold continuing, it's a cent.
Speaker 1 (14:14):
We'll pick Jason's brain on that.
Speaker 2 (14:15):
One forty dollars and sixty cent rise thirty nine nine
ten an ounce and neil the government shut down, you
know for most of the week. Just a three basis
point increase on the ten year treasury four point one
two percent close, but down three basis point excuse me,
down seven basis points for the week. Let's go back
to gold, my friend record set this week couple of times.
What the heck's going on there? I guess, isn't it.
Speaker 4 (14:40):
I want to feel that the top is close, just
given how it's acting, given some of the momentum and
deterioration four grant, I think it probably touches there. It
gets through a bit, but you know that'll be sort
of where a pretty big lid is looking over at
oil I think is interesting. I mean I was looking
at oil saying always trying to be a you know,
where can I bottom pick right, and looking across oil
(15:03):
stocks the oil sector in general, the chart doesn't even
look good like It's not like it's way over sold
and puked. It's it just looks like it's underperformed the market.
It's clearly not about the eyes, but there's nothing in
there where I'm like, oh wow, this is really over sold.
Speaker 3 (15:19):
No one's paying attention to it.
Speaker 4 (15:20):
It just looks like a lot of cautiously optimistic holders
who are slowly puking. It feels like there's potentially more
downside across oil services and you know, even just the
whole oil sector.
Speaker 3 (15:33):
So it's tough to pick away at it. Yet right
oil looks as bad as it.
Speaker 2 (15:39):
Does, not flashing the bicignals yet well. As a reminder,
this was a week that we had OPEC plus indicate
that they're going to be in November increasing production.
Speaker 1 (15:47):
So that's not good for price of oil.
Speaker 2 (15:48):
Feels great for us as a consumer, but the old
supply and demand and then the other big news of
the week, of course, Warren Buffet's Berkshire Hathaway buying one
of the chemical divisions of Oxygenal Petroleum, so that I
know it's that sparked that day. If I remember, I
think Auxy ended up closing down for the day. I'm
looking at it today rose about sixty three cents. But
I think that may spark a little bit of buying
(16:10):
an interest, Like, man, maybe they're gonna start picking up.
Other companies are gonna start picking away at some of
these names. Like you said, they're kind of beating up,
and you know, in the investor's mind, shown a little
bit of value there.
Speaker 4 (16:19):
Yeah, I just I still it just feels like there's
more downside before I'd start to look at oil as
my barometer for hey, I should buy a bunch of
oil stocks. They really haven't got it lacked, yes, for sure.
And in going back to the Berkshire thing is sort
of interesting. I mean that it's an interesting handshake of like, hey,
I'll take this thing off your hands to reduce your
(16:42):
debt burden. Oh and I own a ton of your stocks,
so that's going to benefit me. And you know this
other item I'm happy to stick in my coffers. And
you know, you don't have to worry about it as much.
It's a low grower.
Speaker 3 (16:54):
It's it's nice to be king, for sure.
Speaker 2 (16:58):
It is. Well, what Ja is referring to is Berkshire
Hathaway's ownership. I forget what percent of the company he
already owned, and then they make this announcement to buy
another division and that gave the stock a pop. And yeah,
it's nice to be king because yeah, we've said this
before jokingly that you know, it must be nice to
have that kind of power because like in that example,
you kind of sat back and go, oh, okay, I
think the stock's gonna pop you know X amount of
(17:20):
percent or dollars just by me making this announcement and
probably pay for the deal right just from that. I
mean that literally happens in a lot of cases. So
it's a power power of money. All right, let's transition
back to the tech space for just a moment as
we bebop around on this Friday afternoon and talk about uh,
let's go to the rare earth side for a moment.
(17:41):
Then we'll come back after break and go to the
quantum sector. So this rare earth, Jason is you know,
this is a story that you and I shared a
couple of weeks ago. Let's kind of bring everybody up
to date. Simple LAC Lithium Americas. This is the massive
lithium mine in our backyard of the Nevada Desert. I
remember the stock got a lot of attention a few
weeks ago when it was announced that the government was
(18:03):
getting involved in some ownership stake of the company, roughly
ten percent right around there. Then the stock went kind
of quiet, but no longer that. Today it shot up
thirty four point two dollars and thirty four cent gain
to nine twenty. There was nothing with lithium, but it
was another minor Rare Earth minal RNT minor called US
a Rare Earth again symbol. You saw fourteen point two
(18:25):
seven percent gain, up three dollars and twenty four cents
to twenty five ninety five when their CEO came out
early this morning and said the same thing. Hey, government's
interested in doing some deals with us on this one.
So now we're starting to Jason shaking his head. Now
it's starting to kind of get to this point where, boy,
you know the government's gonna have one heck of a
diversified portfolio. Jason I mean they you know, we got
intel and seemed to be lithium and you know, who
(18:47):
knows what else. I'd love to see what that portfolio
is because I've been there's some names in there we
don't even know they own.
Speaker 4 (18:52):
Yeah, it's like the new AI drop right in his
reporters to be like, hey, government sniffing around in us.
Speaker 1 (18:59):
For the government, it's good enough. But you know, I
love this sector. I love this this rare earth area.
Speaker 2 (19:07):
Again, as long as evy demand remains and so on
and so forth. You know, we need a lot of
lithium and rare earths and things along those lines. So
I think it's a fun sector to watch. Do you
go dump all your money into it? Absolutely not, But
for you know, for those that have a little bit
of aggressiveness to them, you know, take a look at
along with other certain areas and just you know, know
(19:27):
what you're doing. It is an aggressive young area going
on there. Another one is going to be the quantic
computing side. So we'll say that for when we come back.
But first let's turn it over to Jack Saban. He's
got news traffic on weather Ello. Jack, Welcome back to
John Sanche Show on News Talk seven eighty K which
Hoppy Friday to all of you, joined by Jason Gunt.
Once again, we finished at a record close up to
(19:49):
thirty eight on the daut of forty six thousand and
seven fifty eight, a half a percent rise. Nazek lost
sixty four SMP just a fractional game, but enough to
say we closed a record of six thousand, seven hundred
and fifteen. All right, quick reminder if you missed any
of our shows this week, We've had some jam packed
a lot of information shows. Please pick up our podcast
anywhere you may be, or absolutely go online now and
(20:10):
pick up our YouTube. Every one of our shows now
are recorded and you can find it on YouTube, and
Jason and I are working feverishly to start building up
our YouTube content and now announce when we do things.
Speaker 3 (20:21):
But was that you can see our faces?
Speaker 1 (20:25):
You can see our faces?
Speaker 3 (20:26):
Yeah, that's th fun of YouTube right there you go,
there you go exactly. Charts Yep, soon we have charts.
Speaker 2 (20:34):
I can't you know what my dream is on on
the YouTube side. I mean, obviously this is a dream
of mind coming true, just getting this whole thing going,
thanks to Bailey to make it all work. But you
know one of my big dreams, I don't know if
I've shared it with you, So I'll tell everybody publicly
when I can get you to be the professor and
you can get to start doing.
Speaker 4 (20:53):
Some of the dreams are for dreams, are for dreams
or for for for dreaming.
Speaker 2 (20:58):
Okay, well this is all It's a goal. Okay, it's
it's John Sanchez's personal dream. But it's a goal and
I'm going to make it happen very soon here where
you are going to we're.
Speaker 1 (21:09):
Just talking about Bailey and I were just talking about
you yesterday.
Speaker 2 (21:11):
Where you're going to get on there and you're gonna
be able to conduct the class on some of the
great investing strategies ideas option trading. I mean, there's so
many things that I'm going to extract out of the
professor's brain.
Speaker 1 (21:25):
I don't handle all the retails.
Speaker 3 (21:26):
So much more fun to just talk to our clients
about it here.
Speaker 2 (21:29):
Well, but with a lot of things we don't do,
like option trading with our clients, but there's a whole
bunch of our listeners that love it. Just using that
as an example, right, you're going to have all you know,
you're going to be like a college professor, uh teaching,
teaching the world via YouTube on investing strategies.
Speaker 1 (21:46):
So you just wait, say he's a chuck. He doesn't
know that.
Speaker 3 (21:49):
I was going to say that.
Speaker 1 (21:50):
He didn't know that's coming. But he's like, yeah, great,
how am I going to do that to anything else?
We will.
Speaker 2 (21:55):
We're gonna get to get them. A Saturday morning Breakfast
with a broker will be the title of it. Be
Breakfast with the Broker, And we're gonna do a big webinar.
We're gonna tape it and let Jason shine on his
his years as a hitch fund.
Speaker 3 (22:08):
I got to think of what my my dreams are
for you?
Speaker 1 (22:10):
Then, great, that'd be nice for a change.
Speaker 3 (22:13):
Yeah, always dreams. Is someone fixing my car?
Speaker 2 (22:16):
That's right, guy for that one.
Speaker 1 (22:21):
Oh good, All right, my friend. Let's move over to
the world of quantum computing.
Speaker 2 (22:25):
This again is another area we've touched on periodically over
the last few months. Once again, it gets hot, it
gets cold. Right now, it's on fire as of today
at least. Give you just a couple of names here. Again,
not recommending these, but these are some names that were
big movers today. I've got Righetti Computing thirteen point zero
two percent gain today at four dollars and sixty one cents.
Speaker 1 (22:45):
The forty oh one.
Speaker 2 (22:46):
Quantum Computing twenty two point ninety seven percent rise today,
D Wave Quantum up twelve point three five percent. Take
get away, my friend. This is a fun sector to
talk about.
Speaker 4 (22:57):
I mean, it's fun, but you know, these companies are
earning Jack and squat and you're paying a heck of
a lot of money for him, a lot of momentum,
a lot of fast money, a lot of memification. But
quantum is going to be an area I would say
you really want to catch after the next cycle start,
when the next cycle starts.
Speaker 3 (23:18):
Right.
Speaker 4 (23:18):
There's again my opinion. I think these are names that
get destroyed and then you want to buy them when
they're down a lot, right, because they'll be the front
runners for the next why phase just because the I mean,
they have no earnings and they're trading it like a
gazillion times no earnings, right, so there they have a
(23:40):
lot of work to do to prove that their valuation
is meaningful.
Speaker 1 (23:44):
Right.
Speaker 3 (23:44):
That's the tough time again, just my meager opinion with.
Speaker 2 (23:47):
The laughing because of reghetty today again as I said start,
you know, Waghetty again up thirteen percent today after the
news came out this morning that they had purchased orders
totally five point seven million dollars for two.
Speaker 1 (24:03):
Nine million no ver.
Speaker 2 (24:05):
Five point seven million dollars for two of its nine
cubit Novara quantum computing systems five point seven million. I mean,
it's right right, dollar wise, right to your point. It's
like the stock pops on this news.
Speaker 3 (24:22):
They're cool, they're Neidos stories, right.
Speaker 1 (24:24):
But I mean, I love the pic. I gotta share
that with the audience.
Speaker 2 (24:26):
The picture that you gave me, Uh, last time we
were talking about quantum competing a few weeks ago, Jason
sent me this picture after the show when you were
back at back in New York as you were doing
the college tour, and this beautiful what was it was
the college campus.
Speaker 3 (24:39):
Again RPI Rensaler Polytech in New York.
Speaker 2 (24:43):
Picture, this beautiful old I'll let you describe you were there.
I'm just going off of a picture. The beautiful church.
Speaker 3 (24:51):
It's an old church on their campus.
Speaker 4 (24:52):
That they had bought years and years and years ago,
and they got an IBM. They're the only college campus
with an IBM quantum compute and they put it inside.
Speaker 3 (25:01):
Of this building.
Speaker 4 (25:02):
So it's just an interesting irony of a quantum computer inside.
Speaker 3 (25:06):
Of an old church, right, just beautiful.
Speaker 4 (25:09):
But I mean the market cap of Righetti, for example
twelve we'll call it thirteen billion dollars, how much? How
many computers did they get orders for? Like eleven million,
seven million dollars, a million dollars.
Speaker 3 (25:23):
So again, tread carefully.
Speaker 2 (25:26):
Okay, So let's educate for those new because that's a
very important market statistic you look at when you're evaluating stocks,
market cap versus meaning the value of the company versus
the rest of the financials.
Speaker 4 (25:39):
The revenue that it makes, right, I mean it again,
you buy growth stocks, not for now right, it's oh,
well great, who cares they're selling computers now, I'm buying
this for what they're going to sell in the long
time from now, right, But with momentum, with valuation, with
fickle markets, these are the things they get show first, right.
(26:01):
People shoot the dream stocks before they move, when they
move towards the more.
Speaker 3 (26:07):
Safer bets, right, So these things can really work.
Speaker 4 (26:09):
These are short squeezes short there's about fifteen percent of
the float is short in this stock. So that's a
reason why when it goes against you, it hurts a lot,
and then hurts more and more as it goes against you.
Speaker 3 (26:21):
So what that means we just said, if you.
Speaker 4 (26:24):
Short of stock, you sell something you don't own and
you have to buy it back to give it back
to someone later. So if you sell something and they
give you one hundred dollars for it, and then it
goes up in your face, you now got one hundred
dollars and you owe someone five hundred, right, because it
is going up and you still haven't bought it back
to close out your short positions. So as a position
(26:45):
goes against you, it hurts more and more and more.
Speaker 3 (26:47):
But also bigger and bigger.
Speaker 2 (26:49):
But also by looking at a stock with a large
short interest, there's another learning lesson that tells you there's
a lot of speculators in the stock which will.
Speaker 3 (26:57):
Move very far for people who are negative on it.
Speaker 4 (27:00):
Right, they speculators, and doesn't mean that they're right, It
just means it can. In the whole memification, the game
stop phenomenon, right, that was based off of I mean
go to a game stop, like, how would you think
this is going to be some company that's going to
survive forever in the you know, everything's online, everything could
be downloaded from your computer. All the games are all
(27:23):
digital and now free. How is a retail box store
that sells video games really going to be a thing. Therefore,
if you're an analyst, fundamentally you short it because you
think it's going to go to zero, and then all
of a sudden, people juice the stock, you're short, and
you die, and that's really sort of what happened. And
that's when you see moves like this. They tend to
(27:46):
go hand in hand with high short interest, right, and
so there's pain. Those are good things to sniff around
if you want to play momentum. But it's also a
stock that it's got a lot of work to do
before it really grows into any part of where it's trading.
Speaker 3 (28:00):
So here's a couple of it could go You could
go up one hundred more.
Speaker 1 (28:03):
Absolutely, you just have to know the risk associated. Yeah,
but here here's a couple other things, and this goes again.
Speaker 2 (28:09):
This is a great conversation to have not only in
the quantum space, but AI space, any of these other
areas that have a lot of momentum right now at
least on the upside. So here's some things you need
to look at. So I'm looking at the financials of
the company right now. So let's let's first of all
talk about to Jason's point, obviously this thing can rip hire.
As of the close up today October third, twenty twenty five,
the stock is up one hundred and sixty two point
(28:31):
five to two percent year to date.
Speaker 3 (28:34):
It was almost like one dollar stock.
Speaker 1 (28:36):
One dollar stock again of last year close stock.
Speaker 2 (28:40):
Now, if you looked at the financials of the company,
everything is negative. They're expected to lose seventy five cents
per share. Price to earnings ratio negative fifty three point
seventy six roe negative forty eight point eight one ebadat
earnings negative seventy point zero five nine. You know, net
margin is down two thousand and eighty percent. I mean,
(29:03):
it's just you just go out and go, oh my god,
they look at you on paper, But that doesn't mean
anything to investors, not a dog gun thing traders.
Speaker 1 (29:10):
To traders.
Speaker 2 (29:11):
That's that's right, that's right, and that's what you have
to know and look at when you if you start
delving into some of these And I think the other
thing too, this. See this would be a great, great
educational topic to do for the audience, Chason, because this
is you're going to see. I think, in my opinion,
you're going to see more and more of this as
different technologies break out, right because of we'll call AI
(29:33):
at the top of this, but those tentacles, as you
and I talk about quantum computing, all these other areas
of technology that are just coming about data centers, I mean,
look at all the different spin offs of that, right,
I mean, there's gonna be so many areas that we're
not even probably we're not even talking about yet that
are going to look like this where all of a
sudden you wake up and I'm like, oh my god, this
(29:54):
dock was up fifty percent and down thirty and you know,
just big, big movers. And I know I've sat behind
this microphone for nearly thirty years. You guys are going
to be calling and go, hey, I want that, and
I'm like, well wait a minute here. You know, look
at what's going on. Know the risk that's associated with it.
I said, you can't make money because you know there's
a lot of these that that you you know, already
a year to date, you've you know, would have done well.
(30:15):
Like Jason said, thought he was at a bucket shar
and almost forty dollars right now. So it's just an
interesting time period, Jason. It's again a lot of reflection
for those of us that have been around this a
long time. I just keep having dja vu and djevu
of ninety nine two thousand. It's like, wow, you know,
you look at the financials like I just did. It's
like that that looked that looks like a dot com stock,
you know back in the day, right negative negative negative.
(30:38):
And the only the only difference I see in this
one only difference I see in this run up is
we're not hearing about stock splits. Remember the dot com
you have all the same stuff, but every Friday it's like, oh,
there's another five companies that are going to do a
you know, two for one split. And you're like Jdsu, Jdsu, Yeah,
pets dot Com, all those you know names like that.
So anyways, real quickly before we go to break final
(31:00):
comments on quantum computing.
Speaker 3 (31:02):
I think it's amazing area.
Speaker 4 (31:04):
I think it's going to be the next generation, probably
more important than AI.
Speaker 2 (31:09):
But you know, we're still a ways out absolutely absolutely,
all right, there's that. When we come back, let's peer
into the the calendar for next week and wrap things
up with what is this market telling us. Let's wrap
it up, speaking of which with Kristin Snow right now
Traffic Center.
Speaker 1 (31:22):
Hello, Kristen, welcome back.
Speaker 2 (31:27):
Excuse me, welcome back to the John Sanchez Show on
this Talk seven to eighty KO, which with Jason gott
All right, time that we peer into the future, see
what next week looks like. Let's go over to the
If you want to look at the earnings calendar, Jay,
I'll look at the economic SACS. I want the easy
one because I'm tired. Not much right, but the only
thing I'm confident in assuming that the government stays shut down,
(31:47):
which a lot of indications are coming back indicating that
that's No one is anticipating a successful vote next week
when everybody gets back.
Speaker 1 (31:55):
But we've got the.
Speaker 2 (31:56):
FED minutes that will be released on Wednesday, so maybe interesting,
you know, it could be. I don't think be any
big surprise in there, but you know, University of Michigan
consumer confidence. I don't know if that one's gonna be
released on Friday. I don't know if that's considered a
government thing. But you know, no trade balanced outa no
initial claims kind of light even if it was a
normal week with the government opened, the pretty light calendar
(32:18):
next week. So what are we going to be focused
on on theirning side?
Speaker 4 (32:22):
A little bit of retail? Delta Airlines on Thursday. I
think that's gonna be one to watch, right, what's the
consumer doing? Is travels slowing? That's been something that's been
thrown around, especially in light of government shutdown. Right, how
many people are slowing down their spending habits? PEPSI also
before the open on Thursday. Levi's progressive later in the week,
(32:42):
But yeah, I think Delta is probably the one that
I will be eager to hear. They tend to see
a fair amount of volatility, a lot of color off
of that conference call as to what they're seeing, So yeah, it.
Speaker 2 (32:53):
As well as the consumer good. You know a lot
of people will look at the airlines as far as
how the consumer is faring and so on and so forth,
with which, based upon some of the data we got
earlier in the week, consumer's doing just fine. You folks
are out there spending very nicely, So we thank you
for that all right, what is this market telling is,
let's kind of break this down again. You've got two
camps that are beginning to develop, so we'll kind of
(33:13):
tell you each of our opinions on this. You got
two camps that are beginning to develop. Jason, you've got
the camp like we touched on that are starting to
fire the shots across the bow of the boat saying, eh,
things get a little frothy. He we got a government
shut down, which historically doesn't hurt the stock mark. We've
got this negative reason, this negative reason. You can remember
folks too, a lot of times economists, market strategists, it's
(33:35):
easy for them to come out and say that because
at some point, like you always allude to, Jason, at
some point they're going to be right and they're going
to go back. Hey, remember back on this date, I
warned you that the market was frothy, and look at
it now, right, and then they get a bunch of
Twitter followers. You know, you know what I'm saying, so
kind of take it with a grain of salt. It's again,
(33:55):
I'm going to give you a really simple analogy. Ride
the wave while you can, but please, this is the
time that you want to have that exit plan ready,
whether it's you know, minimize your position holdings, going to
some defensive areas, whatever it may be.
Speaker 1 (34:08):
Just have a plan.
Speaker 2 (34:09):
But in the meantime, it's hard to say, hey, sit
here and be conservative because this market's got momentum and
it's bullish at this point.
Speaker 3 (34:15):
Yeah.
Speaker 4 (34:15):
I mean, it's a little bit of deterioration and momentum
of technology, also consumer discretionary and those are things to
be watching. But financials look pretty good, as I said,
energies somewhat flat. Industrials are looking good, you mentioned kat,
So there's pockets to move towards.
Speaker 3 (34:29):
As you're at.
Speaker 4 (34:30):
Least maybe cutting away from an overexposure to technology. It
doesn't look crashy. It just looks like there's a sea
of change upon us. I would stay near your turn.
Speaker 2 (34:38):
Yeah, And we've we've seen that a number of times
this year, right, We've seen that what we thought was
a beginning of a significant rotation and it goes seems
like maybe for a couple of days, and then what
does it do. It finds the magnet back to tech
and AI and so on and so forth. It's like
like you said, with the way we open the show
the fomo right, the fear of missing out. No one
wants to say I don't have AI in my portfolio.
I don't have quantum computing or Rare or some my portfolio.
(35:00):
So yeah, it's great to watch these trades. That's kind
of moving all around. But overall, like I said, we've
got some pretty nice momentum right now. I hope all
of you are making a ton of money. And if
you're not, give us a call at our office. We'd
love to sit down with you and see what we
could do to help you out in your financial dreams
and retirement goals.
Speaker 1 (35:17):
Mister Gott, congratulations we met it through another week.
Speaker 3 (35:19):
Yeah, I sure, great.
Speaker 1 (35:20):
Week and my friend too. All righty body, thank you
God bus. We have a great Weekend'll see you on
my Davy one.
Speaker 2 (35:28):
John Sanchez is a registered investment advisor, and the opinions
expressed by Sanchez Gone Capital Management, LLC on this show
or their own and do not reflect the opinions of
News Talks seven eighty or its pairing company, Cumulus Media.
All statements and opinions expressed are based upon information considered reliable,
although it should not be relied upon as such. Any
(35:48):
statements or opinions are subject to change without notice. Information
presented is for educational purposes only and does not intend
to make an offer or solicitation for the sale or
purchase of any specific securities, investments, or investment strategies. Investments
involve risk, and, unless otherwise stated or are not guaranteed.
Information expressed does not take into account your specific situation
(36:11):
or objectives, and is not intended as recommendations appropriate for
any individual. Listeners are encouraged to seek advice from a
qualified tax, legal, or investment advisor to determine whether any
information presented may be suitable for their specific situation. Past
performance is not indicative of future performance.
Good Friday afternoon to you.
Speaker 2 (00:12):
Welcome to the John Sanchez Show on Newstalk seven eighty k,
which it's a pleasure to be with you and a
great pleasure to be with my good friend, my partner,
Jason Gutt. Been in meetings all day long. I would
just saying it's like, my goodness, my goodness, enough meetings.
Let's let's have some fun and get into our zone, Jay,
which is the stock market, this incredible show, and forget
(00:33):
about all the other things that have happened throughout our
day to day.
Speaker 3 (00:36):
Yeah, Friday's happening.
Speaker 4 (00:38):
Good meetings, nothing bad.
Speaker 3 (00:40):
It was just lots of things going on here.
Speaker 1 (00:43):
So it's lots of good things going on. Absolutely, Hey,
you be good. You know.
Speaker 4 (00:48):
Uh, I'm not quite sure about the market and how
it's acting. It seems to you know, I feel like
we're stuck in this spot where folks may have de
risked a little bit, but are still afraid of missing
this end of year run which is very typical from
end of October until the end of the year, and
(01:09):
also dealing with government shutdown and is the economy slash
market going to start throwing a.
Speaker 3 (01:15):
Bit of a hissy fit, especially given that.
Speaker 4 (01:17):
I'd say the bulk of the focus now is on
what's the FED going to do next, and that's going
to be based off of economic data that could be muddied, confusing,
maybe not even released like the jobs number today. So
you know, we're at a tentative spot here at near
all time highs.
Speaker 3 (01:34):
Good spot to be is tough, tough to bed.
Speaker 2 (01:37):
Dwight, yes starting is Court and Dwight and I were
discussing yesterday.
Speaker 1 (01:41):
I gave this advice.
Speaker 2 (01:42):
I want to hear your perspective on it also, and
that is living through a lot of these government shutdowns
over the last thirty five years. What I recall, because
it's been a while eight you know, twenty eighteen through
the beginning of nineteen our last government shutdown. But what
I recall, see, if you remember the same thing, is
the government or I mean investors, will give the government
a pass card.
Speaker 1 (02:03):
We'll call it right like we are right now.
Speaker 2 (02:04):
It's like, oh, okay, the government shut down, market said,
and new records every day, blah blahlah. But then it
gets to a point and we don't know where that
point is. My gut tells me it's around maybe a
two to three week mark, and then it's going to
go you know what, this isn't fun. We're flying blind here, right,
we have no economic reports, So then we have that. Okay,
so let's let's use that as part one. Part two
(02:24):
then is when the government finally does open up, we're
going to get a deluge.
Speaker 1 (02:29):
Of economic reports.
Speaker 2 (02:31):
Right, So let's say the government shut down for two
or three weeks, They're gonna have to go back and
give us those reports that we missed in them prior
two to three weeks, plus all the current ones, and
you know, things are just going to go crazy, like, Okay,
we had this, but now it's bad and that was good.
Now it's bad and bad good and you know all
this confusion. So I think we need to, you know,
really be thinking about that as we go forward. We're
(02:53):
you know, government shutdowns are not fun by any means.
And you're seeing a lot now people saying, wait a
minute here, I can't like a lot of military I
read great article that a lot of military films like, we.
Speaker 1 (03:01):
Can't pay our bills.
Speaker 2 (03:02):
We're not getting paid right, and yeah, we know we're
gonna get paid, but I can't make my mortgage, pan,
I can't make my car bame and we know, you know,
average person has heart learningy thing saved.
Speaker 4 (03:12):
And the tough part is those people have no control
over the outcome, right, so like, Okay, I'll vote for whatever.
Speaker 3 (03:18):
Nope, you don't get to.
Speaker 4 (03:19):
So, you know, I wish that translated more into people
taking the people that they've elected and firing them into
a dumpster.
Speaker 3 (03:27):
But you know it, it is.
Speaker 4 (03:29):
It's difficult, and the market also will eventually start to
freak out as to you know, like it always does.
It'll it'll let you know as soon as it's all right,
this has gone on long enough and that's probably when
things start to change.
Speaker 3 (03:40):
The other flip side, too, is all of the.
Speaker 4 (03:42):
Concern around is this being done on purpose by one
side or the other? You know, this is the you know,
I heard a lot of Project twenty twenty five stuff
being thrown around again, where yep, like, oh, this is
part of the game plan to get rid of the
you know, fluff here and Democrats there and such, and
you know, I mean the conspiracy theory start to run
(04:04):
a little bit rampant too. And that's the part that
you know, I'd rather have this done sooner rather than later,
because I don't like when those people start crawling out
of boxes.
Speaker 2 (04:13):
Well we can get you know, as you know I
both have said many times, we can become hypercontracts. We
can talk to ourselves and do anything when it comes
to the market. I want to start Jason. Folks, by
the way, thank you again so much for joining us
this afternoon. It is a Friday. We're going to recap
the week on Wall Street, tell you what we think
this market is doing, what it's telling us, And that's
where we're just jumping right into. You know, the government
shut down, so we had a lot of things to
(04:34):
talk about today. We're gonna, as always on Friday, as
we kind of do what we call it a smorgasboard.
We're gonna hit a lot of different areas. We'll peer
into the into the dark of next week. I was
gonna say the calendar, but we can't have a calendar,
but we can look at some economic or I mean,
some earnings numbers and so on and so forth coming out.
Speaker 1 (04:49):
But Jason, I want to kind of start things off.
Speaker 2 (04:51):
I again, you and I were in meetings all day long,
but I want to share a story that I came
across earlier, and I think This is exactly what we're
talking about as far as more chatter about market froth
at this point. Okay, so this is a give a
full credit to CNBC. It's on CNBC dot com and
the title of the article is Goldman's boss David Solomon
warns of a stock market draw down. Quote people won't
(05:15):
feel good. Okay, So listen to this. This very interesting
points and exactly what you and I have been reiterating.
Stock markets are due a quote draw down in the
next year or two. Now he's he's hedging his bet
right there. He's not't go away out. I agree, Yeah,
I think if you were sending a room, I think
he would not have that in a year or two
(05:35):
in my opinion, after being after seeing years of being
propelled to record highs by the AI frenzy. According to
the Goldman Sachs CEO David Solomon, quote market's running cycles
and whenever we've historically had a significant acceleration in a
new technology that creates a lot of capital formation. Sound
familiar and therefore lots of interesting new companies around it.
(05:55):
Sound familiar. You generally see the markets run ahead of
the potential. There are going to be winners and losers,
he said at an Italian Tech Week in tron, Italy.
Today someone employed to the mass adoption of the Internet
in the late nineties and early two thousands, which led
to the emergence of some of the world's largest companies,
but also saw investors lose money to what has become
as the dot com bubble.
Speaker 1 (06:16):
Quote.
Speaker 2 (06:17):
You're going to see a similar phenomenon here, he said.
I wouldn't be surprised if in the next twelve to
fourteen months we see it draw down with strict to
the equity markets. I think that there will be a
lot of capital that's deployed that will turn out not
to deliver returns, and when that happens, people won't feel good.
And AI bottom as grip global markets in recent years
of the tech companies multi billion dollar deals and the
(06:37):
continuing rise of chat, GPT developer open Ai, it spen
investors big bet on tech and poor capital and the
names like Microsoft, Alphabet, Talenteer, Navidio. Let's say this one.
Two more quotes I just want to share, he says.
It's not going to be the Let me refraate you,
he says, I'm not going to use the word bubble
because I don't know. I don't know what the path
(06:58):
will be, but I do know people are out on
the risk curve because they're excited. And the final quote
he said is when investors are excited, they tend to
think about good things that can go right, and they
diminish the things you should be skeptical about about what
can go wrong. There will be a reset, there will
be a check. At some point, there will be a drawdown.
The extent of that will depend upon how long this
(07:19):
bowl run goes. He added, So again, those are exact
comments you and I have been saying. We've reacted that
way in our portfolios and so on and so forth
in many cases. And I think it again, it's just
another person, whether you like the guy, dislike them, whatever
the case is, but it's just another person saying the
same thing. Where frothe We'll get into market valuations here
(07:40):
in a little bit. But I think it's again something
that everyone needs to be cognizant about.
Speaker 1 (07:44):
Right. Use the surfing analogy.
Speaker 2 (07:46):
Let's ride the wave while we can't, but let's also
know when it's time to bail out, and you know,
paddle to calmer waters.
Speaker 4 (07:53):
Yeah, I mean, you've seen a healthy rotation out of
expensive US markets into international markets as well. Not to
say that the international markets won't feel similar pain, but
will the drawdown be better?
Speaker 3 (08:05):
Right?
Speaker 4 (08:06):
You know, we've talked about it a lot, and it
hasn't just you haven't seen that daily correlation like you've
seen historically of US up, International up, US down. And
there's been lots of days, certainly in the last couple
of months where I've seen US down, International up, US up,
International up, like there's a change going on underneath the
(08:27):
covers as well, and probably just because people are chasing
lots of things, non US being one, but China specifically.
You know, people saying is Ali Baba and some of
those other you know internet names, the way to play
AI now, given relative valuation.
Speaker 3 (08:42):
Et cetera.
Speaker 4 (08:43):
Much like anything, you're gonna start chasing yield, and I
don't just mean bond yield, but performance because managers have lagged.
Lots of people have picked lots of times to be
defensive for obvious reasons, but have gotten hurt from it. Right,
the rally off of the April lows has been bananas
strong and seems unwavering that it just continues to create
(09:05):
these sort of air pockets to the upside. The tough
part is once everybody's in one side of the boat,
we all know what happens. And I think that's this
feels now late innings, not to say that you know,
we don't see I think we're higher than here at
the end of the year. But there will be a
pullback of some kind. I think, you know, maybe in
(09:27):
the November time. From as I keep using that analogy
to twenty twenty one, it feels similar to me of
a lot of you know, money, lots of money chasing
few things, and you get broadening, which is good.
Speaker 3 (09:39):
Breadth is always good.
Speaker 4 (09:40):
But you got to just make sure that you're not
just buying something because someone else has made lots of
money and chasing these high flying low valuation They'll work someday,
like I say all the time, if you hold onto
those dot com names, you know, other than the handful
of pets dot com that went away. You know, Amazon
had an eighty percent draw down too, and look at
(10:01):
it now. It's just what are you going to do
during the middle, right, And that's where it's tough to be. Uh,
you know where retail tends to get hurt, right where
people say, oh, you know, my portfolio is doing so
well well because you're really concentrated and you have a
lot of momentum. Most people can't do that in a
in our seat, right, I need to certainly take some bets,
(10:22):
but also be diversified for you as well, because I
don't want to see a fifty percent draw down because
the winds change. So it's like it like we always say,
certainly take some you know, fun money that you speculate
with and are willing to lose. You've seen crypto very
strong of the last couple of days, rotation maybe out
of gold and silver, et cetera. But you know that
(10:43):
when it does fall, it probably is going to fall
pretty on fast, just given.
Speaker 1 (10:47):
Exactly all the strength. I was going to say the
exact same thing. All right, well we come back.
Speaker 2 (10:51):
We're going to continue on this theme about you know,
are we in a frothy market? Is one of our
topics of this afternoon. But also I want to move
into two other areas. You know, we talk daily, of
course about the AI trade and how it's propelling this
market higher. I mean, it is a massive driving force,
you know that. But I want to talk about two
other areas that are all said, they're kind of fun
to talk about, but they're also underlying pushing this market higher,
(11:12):
and that is the world of quantum computing and what
those stocks have been doing. And then another area that
we're just really starting to hear about, and that is
the Rare Earth. We had two companies today that did
extremely well. Lithium America's right here in our backyard, Nevada,
and then this company that probably many of you have
never heard about before. I love the symbol you saw,
like the National Search and Riskying Team, but it's US
(11:36):
Rare Earth. So big moves on both of those companies. Again,
another pocket of strength at this point cannot last. Only
time will tell, but we want to tell you about
those when we come back. It turned over to the
wonderful Kristen Snow In the right now traffic center. Hello Christin,
Welcome back to the John Sanchez Show on Newstalk seven
to eighty k waights with Jason Gunt. All right, here's
(11:57):
how we finished two thirty eight gain on the Dow.
Half a percent rise of forty six seven fifty eight.
I think that's good. We're up over five hundred at
our best level this morning. Maybe that was a fun ride.
I was right in the middle of my stock up dates.
I was just telling Ross. I remember, I'm like, yeah,
I think we're going to break three hundred, and we
were like, I don't know, two sixty.
Speaker 1 (12:15):
Next report, we're like at up to you know, up
three fifty.
Speaker 2 (12:19):
And then I came back to the next report and
I said, remember and I said three hundred.
Speaker 1 (12:22):
Now we're just broke four hundred.
Speaker 2 (12:24):
You know, it's just one of those days.
Speaker 1 (12:27):
Is good stuff.
Speaker 3 (12:27):
Who are the big helpers today? Inside of the Dow?
Speaker 2 (12:31):
You had big moves in United Health obviously a very
influential stock. It was up, you know, not huge percentage wise,
one point eight eight percent, about six dollars and sixty
five cents. But one of my favorite, you know companies
I love, not recommend the stock, but Caterpillar seven dollars
and forty six cent gain. You know what we're seeing
now is you're seeing a lot of names or on
(12:52):
days where we have the weakness, the names at the
bottom of the Dow, they're very small priced stocks, like
a ninety right, a seventy one dollars stock, So even
though they're down there, they're just not influential in the
now calculation.
Speaker 1 (13:03):
And so yeah, it's not been like huge moves.
Speaker 2 (13:06):
It's just been a lot of them that are up,
you know, a decent amount, right, And yeah, that's why
we close it a record today.
Speaker 1 (13:12):
That's a great question. Man.
Speaker 2 (13:13):
Forty six seven fifty eight snapped our winning streak on
the NASDAC though finished down sixty four, just a point
two eight percent loss. And yes, the SMP closed a record.
It was less than one half of one percent gain today,
one tenth of what let me just phrase that, one
tenth of one percent zero point four to four percent
gain on the S and P today.
Speaker 1 (13:33):
Technically i'd say it's it's unchanged on the day.
Speaker 2 (13:36):
But I'm gonna say, Jason, it was up, you know,
one tenth of one percent because it was a record
closed at six thousand and seven fifteen. I'm I'm gonna
really milk this one, right, I like send record closing.
How do we sit on the year today, basis, folks, Well,
I'll tell you what. We're just plowing higher at this point.
NAZAC for the year's up eighteen percent, SMP hied by
fourteen point two the Russell two thousand, which we're going
(13:56):
to talk a lot about this was a star performer
this week, up eleven percent, and you're to date the
Dow's up nine point nine percent. On the commodity side,
oil prices, oh man, I want to be able to
tell you that we broke sixty dollars a barrel came
close today, sixty eighty five of a barrel, up thirty
seven cents gold continuing, it's a cent.
Speaker 1 (14:14):
We'll pick Jason's brain on that.
Speaker 2 (14:15):
One forty dollars and sixty cent rise thirty nine nine
ten an ounce and neil the government shut down, you
know for most of the week. Just a three basis
point increase on the ten year treasury four point one
two percent close, but down three basis point excuse me,
down seven basis points for the week. Let's go back
to gold, my friend record set this week couple of times.
What the heck's going on there? I guess, isn't it.
Speaker 4 (14:40):
I want to feel that the top is close, just
given how it's acting, given some of the momentum and
deterioration four grant, I think it probably touches there. It
gets through a bit, but you know that'll be sort
of where a pretty big lid is looking over at
oil I think is interesting. I mean I was looking
at oil saying always trying to be a you know,
where can I bottom pick right, and looking across oil
(15:03):
stocks the oil sector in general, the chart doesn't even
look good like It's not like it's way over sold
and puked. It's it just looks like it's underperformed the market.
It's clearly not about the eyes, but there's nothing in
there where I'm like, oh wow, this is really over sold.
Speaker 3 (15:19):
No one's paying attention to it.
Speaker 4 (15:20):
It just looks like a lot of cautiously optimistic holders
who are slowly puking. It feels like there's potentially more
downside across oil services and you know, even just the
whole oil sector.
Speaker 3 (15:33):
So it's tough to pick away at it. Yet right
oil looks as bad as it.
Speaker 2 (15:39):
Does, not flashing the bicignals yet well. As a reminder,
this was a week that we had OPEC plus indicate
that they're going to be in November increasing production.
Speaker 1 (15:47):
So that's not good for price of oil.
Speaker 2 (15:48):
Feels great for us as a consumer, but the old
supply and demand and then the other big news of
the week, of course, Warren Buffet's Berkshire Hathaway buying one
of the chemical divisions of Oxygenal Petroleum, so that I
know it's that sparked that day. If I remember, I
think Auxy ended up closing down for the day. I'm
looking at it today rose about sixty three cents. But
I think that may spark a little bit of buying
(16:10):
an interest, Like, man, maybe they're gonna start picking up.
Other companies are gonna start picking away at some of
these names. Like you said, they're kind of beating up,
and you know, in the investor's mind, shown a little
bit of value there.
Speaker 4 (16:19):
Yeah, I just I still it just feels like there's
more downside before I'd start to look at oil as
my barometer for hey, I should buy a bunch of
oil stocks. They really haven't got it lacked, yes, for sure.
And in going back to the Berkshire thing is sort
of interesting. I mean that it's an interesting handshake of like, hey,
I'll take this thing off your hands to reduce your
(16:42):
debt burden. Oh and I own a ton of your stocks,
so that's going to benefit me. And you know this
other item I'm happy to stick in my coffers. And
you know, you don't have to worry about it as much.
It's a low grower.
Speaker 3 (16:54):
It's it's nice to be king, for sure.
Speaker 2 (16:58):
It is. Well, what Ja is referring to is Berkshire
Hathaway's ownership. I forget what percent of the company he
already owned, and then they make this announcement to buy
another division and that gave the stock a pop. And yeah,
it's nice to be king because yeah, we've said this
before jokingly that you know, it must be nice to
have that kind of power because like in that example,
you kind of sat back and go, oh, okay, I
think the stock's gonna pop you know X amount of
(17:20):
percent or dollars just by me making this announcement and
probably pay for the deal right just from that. I
mean that literally happens in a lot of cases. So
it's a power power of money. All right, let's transition
back to the tech space for just a moment as
we bebop around on this Friday afternoon and talk about uh,
let's go to the rare earth side for a moment.
(17:41):
Then we'll come back after break and go to the
quantum sector. So this rare earth, Jason is you know,
this is a story that you and I shared a
couple of weeks ago. Let's kind of bring everybody up
to date. Simple LAC Lithium Americas. This is the massive
lithium mine in our backyard of the Nevada Desert. I
remember the stock got a lot of attention a few
weeks ago when it was announced that the government was
(18:03):
getting involved in some ownership stake of the company, roughly
ten percent right around there. Then the stock went kind
of quiet, but no longer that. Today it shot up
thirty four point two dollars and thirty four cent gain
to nine twenty. There was nothing with lithium, but it
was another minor Rare Earth minal RNT minor called US
a Rare Earth again symbol. You saw fourteen point two
(18:25):
seven percent gain, up three dollars and twenty four cents
to twenty five ninety five when their CEO came out
early this morning and said the same thing. Hey, government's
interested in doing some deals with us on this one.
So now we're starting to Jason shaking his head. Now
it's starting to kind of get to this point where, boy,
you know the government's gonna have one heck of a
diversified portfolio. Jason I mean they you know, we got
intel and seemed to be lithium and you know, who
(18:47):
knows what else. I'd love to see what that portfolio
is because I've been there's some names in there we
don't even know they own.
Speaker 4 (18:52):
Yeah, it's like the new AI drop right in his
reporters to be like, hey, government sniffing around in us.
Speaker 1 (18:59):
For the government, it's good enough. But you know, I
love this sector. I love this this rare earth area.
Speaker 2 (19:07):
Again, as long as evy demand remains and so on
and so forth. You know, we need a lot of
lithium and rare earths and things along those lines. So
I think it's a fun sector to watch. Do you
go dump all your money into it? Absolutely not, But
for you know, for those that have a little bit
of aggressiveness to them, you know, take a look at
along with other certain areas and just you know, know
(19:27):
what you're doing. It is an aggressive young area going
on there. Another one is going to be the quantic
computing side. So we'll say that for when we come back.
But first let's turn it over to Jack Saban. He's
got news traffic on weather Ello. Jack, Welcome back to
John Sanche Show on News Talk seven eighty K which
Hoppy Friday to all of you, joined by Jason Gunt.
Once again, we finished at a record close up to
(19:49):
thirty eight on the daut of forty six thousand and
seven fifty eight, a half a percent rise. Nazek lost
sixty four SMP just a fractional game, but enough to
say we closed a record of six thousand, seven hundred
and fifteen. All right, quick reminder if you missed any
of our shows this week, We've had some jam packed
a lot of information shows. Please pick up our podcast
anywhere you may be, or absolutely go online now and
(20:10):
pick up our YouTube. Every one of our shows now
are recorded and you can find it on YouTube, and
Jason and I are working feverishly to start building up
our YouTube content and now announce when we do things.
Speaker 3 (20:21):
But was that you can see our faces?
Speaker 1 (20:25):
You can see our faces?
Speaker 3 (20:26):
Yeah, that's th fun of YouTube right there you go,
there you go exactly. Charts Yep, soon we have charts.
Speaker 2 (20:34):
I can't you know what my dream is on on
the YouTube side. I mean, obviously this is a dream
of mind coming true, just getting this whole thing going,
thanks to Bailey to make it all work. But you
know one of my big dreams, I don't know if
I've shared it with you, So I'll tell everybody publicly
when I can get you to be the professor and
you can get to start doing.
Speaker 4 (20:53):
Some of the dreams are for dreams, are for dreams
or for for for dreaming.
Speaker 2 (20:58):
Okay, well this is all It's a goal. Okay, it's
it's John Sanchez's personal dream. But it's a goal and
I'm going to make it happen very soon here where
you are going to we're.
Speaker 1 (21:09):
Just talking about Bailey and I were just talking about
you yesterday.
Speaker 2 (21:11):
Where you're going to get on there and you're gonna
be able to conduct the class on some of the
great investing strategies ideas option trading. I mean, there's so
many things that I'm going to extract out of the
professor's brain.
Speaker 1 (21:25):
I don't handle all the retails.
Speaker 3 (21:26):
So much more fun to just talk to our clients
about it here.
Speaker 2 (21:29):
Well, but with a lot of things we don't do,
like option trading with our clients, but there's a whole
bunch of our listeners that love it. Just using that
as an example, right, you're going to have all you know,
you're going to be like a college professor, uh teaching,
teaching the world via YouTube on investing strategies.
Speaker 1 (21:46):
So you just wait, say he's a chuck. He doesn't
know that.
Speaker 3 (21:49):
I was going to say that.
Speaker 1 (21:50):
He didn't know that's coming. But he's like, yeah, great,
how am I going to do that to anything else?
We will.
Speaker 2 (21:55):
We're gonna get to get them. A Saturday morning Breakfast
with a broker will be the title of it. Be
Breakfast with the Broker, And we're gonna do a big webinar.
We're gonna tape it and let Jason shine on his
his years as a hitch fund.
Speaker 3 (22:08):
I got to think of what my my dreams are
for you?
Speaker 1 (22:10):
Then, great, that'd be nice for a change.
Speaker 3 (22:13):
Yeah, always dreams. Is someone fixing my car?
Speaker 2 (22:16):
That's right, guy for that one.
Speaker 1 (22:21):
Oh good, All right, my friend. Let's move over to
the world of quantum computing.
Speaker 2 (22:25):
This again is another area we've touched on periodically over
the last few months. Once again, it gets hot, it
gets cold. Right now, it's on fire as of today
at least. Give you just a couple of names here. Again,
not recommending these, but these are some names that were
big movers today. I've got Righetti Computing thirteen point zero
two percent gain today at four dollars and sixty one cents.
Speaker 1 (22:45):
The forty oh one.
Speaker 2 (22:46):
Quantum Computing twenty two point ninety seven percent rise today,
D Wave Quantum up twelve point three five percent. Take
get away, my friend. This is a fun sector to
talk about.
Speaker 4 (22:57):
I mean, it's fun, but you know, these companies are
earning Jack and squat and you're paying a heck of
a lot of money for him, a lot of momentum,
a lot of fast money, a lot of memification. But
quantum is going to be an area I would say
you really want to catch after the next cycle start,
when the next cycle starts.
Speaker 3 (23:18):
Right.
Speaker 4 (23:18):
There's again my opinion. I think these are names that
get destroyed and then you want to buy them when
they're down a lot, right, because they'll be the front
runners for the next why phase just because the I mean,
they have no earnings and they're trading it like a
gazillion times no earnings, right, so there they have a
(23:40):
lot of work to do to prove that their valuation
is meaningful.
Speaker 1 (23:44):
Right.
Speaker 3 (23:44):
That's the tough time again, just my meager opinion with.
Speaker 2 (23:47):
The laughing because of reghetty today again as I said start,
you know, Waghetty again up thirteen percent today after the
news came out this morning that they had purchased orders
totally five point seven million dollars for two.
Speaker 1 (24:03):
Nine million no ver.
Speaker 2 (24:05):
Five point seven million dollars for two of its nine
cubit Novara quantum computing systems five point seven million. I mean,
it's right right, dollar wise, right to your point. It's
like the stock pops on this news.
Speaker 3 (24:22):
They're cool, they're Neidos stories, right.
Speaker 1 (24:24):
But I mean, I love the pic. I gotta share
that with the audience.
Speaker 2 (24:26):
The picture that you gave me, Uh, last time we
were talking about quantum competing a few weeks ago, Jason
sent me this picture after the show when you were
back at back in New York as you were doing
the college tour, and this beautiful what was it was
the college campus.
Speaker 3 (24:39):
Again RPI Rensaler Polytech in New York.
Speaker 2 (24:43):
Picture, this beautiful old I'll let you describe you were there.
I'm just going off of a picture. The beautiful church.
Speaker 3 (24:51):
It's an old church on their campus.
Speaker 4 (24:52):
That they had bought years and years and years ago,
and they got an IBM. They're the only college campus
with an IBM quantum compute and they put it inside.
Speaker 3 (25:01):
Of this building.
Speaker 4 (25:02):
So it's just an interesting irony of a quantum computer inside.
Speaker 3 (25:06):
Of an old church, right, just beautiful.
Speaker 4 (25:09):
But I mean the market cap of Righetti, for example
twelve we'll call it thirteen billion dollars, how much? How
many computers did they get orders for? Like eleven million,
seven million dollars, a million dollars.
Speaker 3 (25:23):
So again, tread carefully.
Speaker 2 (25:26):
Okay, So let's educate for those new because that's a
very important market statistic you look at when you're evaluating stocks,
market cap versus meaning the value of the company versus
the rest of the financials.
Speaker 4 (25:39):
The revenue that it makes, right, I mean it again,
you buy growth stocks, not for now right, it's oh,
well great, who cares they're selling computers now, I'm buying
this for what they're going to sell in the long
time from now, right, But with momentum, with valuation, with
fickle markets, these are the things they get show first, right.
(26:01):
People shoot the dream stocks before they move, when they
move towards the more.
Speaker 3 (26:07):
Safer bets, right, So these things can really work.
Speaker 4 (26:09):
These are short squeezes short there's about fifteen percent of
the float is short in this stock. So that's a
reason why when it goes against you, it hurts a lot,
and then hurts more and more as it goes against you.
Speaker 3 (26:21):
So what that means we just said, if you.
Speaker 4 (26:24):
Short of stock, you sell something you don't own and
you have to buy it back to give it back
to someone later. So if you sell something and they
give you one hundred dollars for it, and then it
goes up in your face, you now got one hundred
dollars and you owe someone five hundred, right, because it
is going up and you still haven't bought it back
to close out your short positions. So as a position
(26:45):
goes against you, it hurts more and more and more.
Speaker 3 (26:47):
But also bigger and bigger.
Speaker 2 (26:49):
But also by looking at a stock with a large
short interest, there's another learning lesson that tells you there's
a lot of speculators in the stock which will.
Speaker 3 (26:57):
Move very far for people who are negative on it.
Speaker 4 (27:00):
Right, they speculators, and doesn't mean that they're right, It
just means it can. In the whole memification, the game
stop phenomenon, right, that was based off of I mean
go to a game stop, like, how would you think
this is going to be some company that's going to
survive forever in the you know, everything's online, everything could
be downloaded from your computer. All the games are all
(27:23):
digital and now free. How is a retail box store
that sells video games really going to be a thing. Therefore,
if you're an analyst, fundamentally you short it because you
think it's going to go to zero, and then all
of a sudden, people juice the stock, you're short, and
you die, and that's really sort of what happened. And
that's when you see moves like this. They tend to
(27:46):
go hand in hand with high short interest, right, and
so there's pain. Those are good things to sniff around
if you want to play momentum. But it's also a
stock that it's got a lot of work to do
before it really grows into any part of where it's trading.
Speaker 3 (28:00):
So here's a couple of it could go You could
go up one hundred more.
Speaker 1 (28:03):
Absolutely, you just have to know the risk associated. Yeah,
but here here's a couple other things, and this goes again.
Speaker 2 (28:09):
This is a great conversation to have not only in
the quantum space, but AI space, any of these other
areas that have a lot of momentum right now at
least on the upside. So here's some things you need
to look at. So I'm looking at the financials of
the company right now. So let's let's first of all
talk about to Jason's point, obviously this thing can rip hire.
As of the close up today October third, twenty twenty five,
the stock is up one hundred and sixty two point
(28:31):
five to two percent year to date.
Speaker 3 (28:34):
It was almost like one dollar stock.
Speaker 1 (28:36):
One dollar stock again of last year close stock.
Speaker 2 (28:40):
Now, if you looked at the financials of the company,
everything is negative. They're expected to lose seventy five cents
per share. Price to earnings ratio negative fifty three point
seventy six roe negative forty eight point eight one ebadat
earnings negative seventy point zero five nine. You know, net
margin is down two thousand and eighty percent. I mean,
(29:03):
it's just you just go out and go, oh my god,
they look at you on paper, But that doesn't mean
anything to investors, not a dog gun thing traders.
Speaker 1 (29:10):
To traders.
Speaker 2 (29:11):
That's that's right, that's right, and that's what you have
to know and look at when you if you start
delving into some of these And I think the other
thing too, this. See this would be a great, great
educational topic to do for the audience, Chason, because this
is you're going to see. I think, in my opinion,
you're going to see more and more of this as
different technologies break out, right because of we'll call AI
(29:33):
at the top of this, but those tentacles, as you
and I talk about quantum computing, all these other areas
of technology that are just coming about data centers, I mean,
look at all the different spin offs of that, right,
I mean, there's gonna be so many areas that we're
not even probably we're not even talking about yet that
are going to look like this where all of a
sudden you wake up and I'm like, oh my god, this
(29:54):
dock was up fifty percent and down thirty and you know,
just big, big movers. And I know I've sat behind
this microphone for nearly thirty years. You guys are going
to be calling and go, hey, I want that, and
I'm like, well wait a minute here. You know, look
at what's going on. Know the risk that's associated with it.
I said, you can't make money because you know there's
a lot of these that that you you know, already
a year to date, you've you know, would have done well.
(30:15):
Like Jason said, thought he was at a bucket shar
and almost forty dollars right now. So it's just an
interesting time period, Jason. It's again a lot of reflection
for those of us that have been around this a
long time. I just keep having dja vu and djevu
of ninety nine two thousand. It's like, wow, you know,
you look at the financials like I just did. It's
like that that looked that looks like a dot com stock,
you know back in the day, right negative negative negative.
(30:38):
And the only the only difference I see in this
one only difference I see in this run up is
we're not hearing about stock splits. Remember the dot com
you have all the same stuff, but every Friday it's like, oh,
there's another five companies that are going to do a
you know, two for one split. And you're like Jdsu, Jdsu, Yeah,
pets dot Com, all those you know names like that.
So anyways, real quickly before we go to break final
(31:00):
comments on quantum computing.
Speaker 3 (31:02):
I think it's amazing area.
Speaker 4 (31:04):
I think it's going to be the next generation, probably
more important than AI.
Speaker 2 (31:09):
But you know, we're still a ways out absolutely absolutely,
all right, there's that. When we come back, let's peer
into the the calendar for next week and wrap things
up with what is this market telling us. Let's wrap
it up, speaking of which with Kristin Snow right now
Traffic Center.
Speaker 1 (31:22):
Hello, Kristen, welcome back.
Speaker 2 (31:27):
Excuse me, welcome back to the John Sanchez Show on
this Talk seven to eighty KO, which with Jason gott
All right, time that we peer into the future, see
what next week looks like. Let's go over to the
If you want to look at the earnings calendar, Jay,
I'll look at the economic SACS. I want the easy
one because I'm tired. Not much right, but the only
thing I'm confident in assuming that the government stays shut down,
(31:47):
which a lot of indications are coming back indicating that
that's No one is anticipating a successful vote next week
when everybody gets back.
Speaker 1 (31:55):
But we've got the.
Speaker 2 (31:56):
FED minutes that will be released on Wednesday, so maybe interesting,
you know, it could be. I don't think be any
big surprise in there, but you know, University of Michigan
consumer confidence. I don't know if that one's gonna be
released on Friday. I don't know if that's considered a
government thing. But you know, no trade balanced outa no
initial claims kind of light even if it was a
normal week with the government opened, the pretty light calendar
(32:18):
next week. So what are we going to be focused
on on theirning side?
Speaker 4 (32:22):
A little bit of retail? Delta Airlines on Thursday. I
think that's gonna be one to watch, right, what's the
consumer doing? Is travels slowing? That's been something that's been
thrown around, especially in light of government shutdown. Right, how
many people are slowing down their spending habits? PEPSI also
before the open on Thursday. Levi's progressive later in the week,
(32:42):
But yeah, I think Delta is probably the one that
I will be eager to hear. They tend to see
a fair amount of volatility, a lot of color off
of that conference call as to what they're seeing, So yeah, it.
Speaker 2 (32:53):
As well as the consumer good. You know a lot
of people will look at the airlines as far as
how the consumer is faring and so on and so forth,
with which, based upon some of the data we got
earlier in the week, consumer's doing just fine. You folks
are out there spending very nicely, So we thank you
for that all right, what is this market telling is,
let's kind of break this down again. You've got two
camps that are beginning to develop, so we'll kind of
(33:13):
tell you each of our opinions on this. You got
two camps that are beginning to develop. Jason, you've got
the camp like we touched on that are starting to
fire the shots across the bow of the boat saying, eh,
things get a little frothy. He we got a government
shut down, which historically doesn't hurt the stock mark. We've
got this negative reason, this negative reason. You can remember
folks too, a lot of times economists, market strategists, it's
(33:35):
easy for them to come out and say that because
at some point, like you always allude to, Jason, at
some point they're going to be right and they're going
to go back. Hey, remember back on this date, I
warned you that the market was frothy, and look at
it now, right, and then they get a bunch of
Twitter followers. You know, you know what I'm saying, so
kind of take it with a grain of salt. It's again,
(33:55):
I'm going to give you a really simple analogy. Ride
the wave while you can, but please, this is the
time that you want to have that exit plan ready,
whether it's you know, minimize your position holdings, going to
some defensive areas, whatever it may be.
Speaker 1 (34:08):
Just have a plan.
Speaker 2 (34:09):
But in the meantime, it's hard to say, hey, sit
here and be conservative because this market's got momentum and
it's bullish at this point.
Speaker 3 (34:15):
Yeah.
Speaker 4 (34:15):
I mean, it's a little bit of deterioration and momentum
of technology, also consumer discretionary and those are things to
be watching. But financials look pretty good, as I said,
energies somewhat flat. Industrials are looking good, you mentioned kat,
So there's pockets to move towards.
Speaker 3 (34:29):
As you're at.
Speaker 4 (34:30):
Least maybe cutting away from an overexposure to technology. It
doesn't look crashy. It just looks like there's a sea
of change upon us. I would stay near your turn.
Speaker 2 (34:38):
Yeah, And we've we've seen that a number of times
this year, right, We've seen that what we thought was
a beginning of a significant rotation and it goes seems
like maybe for a couple of days, and then what
does it do. It finds the magnet back to tech
and AI and so on and so forth. It's like
like you said, with the way we open the show
the fomo right, the fear of missing out. No one
wants to say I don't have AI in my portfolio.
I don't have quantum computing or Rare or some my portfolio.
(35:00):
So yeah, it's great to watch these trades. That's kind
of moving all around. But overall, like I said, we've
got some pretty nice momentum right now. I hope all
of you are making a ton of money. And if
you're not, give us a call at our office. We'd
love to sit down with you and see what we
could do to help you out in your financial dreams
and retirement goals.
Speaker 1 (35:17):
Mister Gott, congratulations we met it through another week.
Speaker 3 (35:19):
Yeah, I sure, great.
Speaker 1 (35:20):
Week and my friend too. All righty body, thank you
God bus. We have a great Weekend'll see you on
my Davy one.
Speaker 2 (35:28):
John Sanchez is a registered investment advisor, and the opinions
expressed by Sanchez Gone Capital Management, LLC on this show
or their own and do not reflect the opinions of
News Talks seven eighty or its pairing company, Cumulus Media.
All statements and opinions expressed are based upon information considered reliable,
although it should not be relied upon as such. Any
(35:48):
statements or opinions are subject to change without notice. Information
presented is for educational purposes only and does not intend
to make an offer or solicitation for the sale or
purchase of any specific securities, investments, or investment strategies. Investments
involve risk, and, unless otherwise stated or are not guaranteed.
Information expressed does not take into account your specific situation
(36:11):
or objectives, and is not intended as recommendations appropriate for
any individual. Listeners are encouraged to seek advice from a
qualified tax, legal, or investment advisor to determine whether any
information presented may be suitable for their specific situation. Past
performance is not indicative of future performance.
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