Market Pulse: Navigating Trends and Opportunities

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Good morning.

Speaker 2 (00:00):
You're listening to the Money Matters Show, brought to you
by Greenberg Financial Group, broadcast from the world headquarters of
Greenberg Financial Group, which aka Financial Plan Central.

Speaker 1 (00:12):
Right, you guys have been so big. I'm here with
Sebastian Borsini, I'm here with Todd good Junior. I'm Dave Sherwood.
The Greenberg boys are out of the office. The energy
that the Dean has right now is blowing me away.

Speaker 3 (00:27):
Why because of the big playoff game.

Speaker 1 (00:29):
You know, you got the football thing going and they
won last week, which is which was great. First time
it made the news. First time what fifty.

Speaker 3 (00:35):
Five years or nineteen seventy something.

Speaker 1 (00:38):
Yeah, that Tucson High has actually won a playoff game,
and they have another playoff game tonight. We record the
show on Friday when they have another playoff game tonight.
They're not too optimistic about that. But the weird part
about this this is also the time when La Poloma
has their annual Dove Hunt, which is a member of
guest golf tournament. It's a big deal. I've been going

(00:59):
on for a couple Decade's a pretty big deal. So
what Dean's doing is he's going up there in the
afternoon and playing golf, and then he's leaving there and
going down to Tucson High coaching the kids, and then
going back to La Palma for the festivities that's supposed
to go on for. That's two days he's doing that.
I talked to him this morning Friday morning, and he
was exhausted and one more did he do it?

Speaker 3 (01:21):
It would be a really great win for Tucson High.
If you know anything about Arizona High School football, Phoenix
is always the you know, the big bully around around town.
So the fact that they're gonna come down and have
to come down to Tucson and playing a game is
a big deal. And I hope that we could win.

Speaker 1 (01:36):
That's a win right there. Just making them drive.

Speaker 3 (01:38):
Probably you just you just know how they're thinking. They think, oh,
we got to drive down to Tucson and whoop some butt. Well,
hopefully we could turn it around.

Speaker 1 (01:46):
Yeah. I mean they're coming from like Buckeye or something.

Speaker 3 (01:48):
I mean, there was Glendale.

Speaker 1 (01:51):
That's not the good year.

Speaker 3 (01:52):
I'm certain good.

Speaker 1 (01:53):
It's not just Phoenix, it's West Phoenix. Right, They're coming
a long way.

Speaker 4 (01:58):
To Hey, but they did it. They have that new
road on that connects to West Phoenix.

Speaker 1 (02:02):
I don't know if you've ever Oh no, absolutely, the
two two makes it way. Yeah, it makes fantastic. I
love the one on one and the two oh two
and those are those are really nice. Those are really
good headline this.

Speaker 3 (02:11):
Week before you want going to do the disclaimer.

Speaker 1 (02:13):
First, like you're we're supposed to do well.

Speaker 4 (02:16):
Let's get out of the way, I think, get go.

Speaker 3 (02:17):
This show is sponsored by the Green brig Financial Group
and you can listen on seven to ninety kN SC
or iHeartRadio. The show discusses different investment products and strategies.
Every product and strategy have some type of inherent risk,
and we strongly encourage our listeners to properly understand the
risk to determine whether to buy, sell, or hold. Show
has been on air for over thirty years. The Green
Briok Financial Group is registered with the SEC and a
member of FINERA and SIPIK. Visit our website at Greenbriak

(02:40):
Financial dot com for some more information. If you ever
want to question answered on air, you could write me
at contact at greenbrik Financial dot com or give us
a call five two zero five four four four nine
zero nine.

Speaker 1 (02:51):
You're on a roll. Wanted to tell them what the
market did this week.

Speaker 3 (02:53):
Market this week, the Dow it was up two percent,
the S and P five hundred was up one point
seven percent, the Nasdaq was up one one point seven percent.
The Russell two thousand big winner this week four point
five percent, and the equal weighted S and P two
and a half percent. Cool to see that higher than
S and P five hundred. Actually, equ weighted.

Speaker 1 (03:11):
Russell two thousand had been pretty much lagging the whole year,
and about halfway through, if my memory shows me correctly,
it was unchanged on the year, with the S and
P up thirteen fourteen percent. Russell has since been gaining ground.
S and P's up twenty five for the year, dolloup
seventeen for the year, Russell up nineteen for the year.

Speaker 3 (03:32):
Kind of contradictory to what of what I've been taught
in school. You know, rates are higher, that's generally a
bad thing for small cap companies, and small cap companies
this week led the way.

Speaker 1 (03:43):
I agree, and I think probably a bigger thing in
my experience is the economic weakness. If there's economic weakness,
that small caps tend to get sold off because of
concerns about bankruptcy, and in.

Speaker 4 (03:54):
This case the first time in a long time, rates
of growing up because of the fact that the economy
is strong. True, it's not because there's huge inflation out
of nowhere and you have to raise rates to come
out that, which was the case in twenty two and
twenty three. This year, it's more of the rates are
going up because the Fed's actually lowered them. It's not
the Fed's job, it's the market repricing the market. So

(04:15):
it's really interesting, and that's why mortgage rates are continuing
to increase. They're not six point eighty four for the
Freddy mortgage Freddy mac mortgage rates. So we're gonna continue
to see rates ticking higher. But it's because the economy
is stronger than expected and that's not a bad thing
versus the opposite of lowering rates because the economy is
increasingly worse. That's where we would probably see this small

(04:37):
caps off.

Speaker 3 (04:38):
What did the tenure do in the week?

Speaker 1 (04:40):
Was I higher the ten year? Yeah? Flat?

Speaker 3 (04:43):
It was flat flat?

Speaker 1 (04:44):
Yeah, ten year didn't move. In fact, that was one
of the things I thought helped the market go higher
this week is the interest rate calmed down, right, just
didn't really do much. And I keep seeing a lot
of different recommendations, whether it be Stanley Black and Deck
or Home Deep or lows based upon a resurgence in housing.
I'm not seeing that locally. And I'm talking to my

(05:07):
daughter in California. It's not happening there either. I've used
the client that has to sell her home for financial
reasons for a number of months now, and she started
off in June at five to eighty, and then went
to five point fifty, and then five twenty five by
blah blah blah, you know, on and on and on,
and here we are five months later, she's at four

(05:27):
point fifty. Just turned down an offer for three seventy five.

Speaker 3 (05:31):
Well again, people are still waiting on the sidelines, right.
They thought, with the FED cut, with the rate cut,
the race we're gonna go down. They did nothing but
tick higher.

Speaker 1 (05:38):
You would expect this time of the year also to
be somewhat slow because people have other things on their
minds besides housing. I'm not seeing any indication that the
housing market is recovering yet. I'm seeing a continuation of
the slow drift south, which you expect. I mean, when
the stock market goes up as much as real estate

(05:59):
went up over the last few years, you expect to
pull back. It's natural. It's a correction as part of
going higher. I mean, real estate always goes higher over time, always,
but it's natural, I think to have a correction. I
think we're in the middle of a correction right now.
I'm seeing a lot more inventory than there has been.
I went by a subdivision the other day that I

(06:20):
know has forty homes, you know, three of them for sale,
three signs on the street, houses for sale. I'm seeing
homes for sale all over town and I'm not seeing
any soul times, and generally you'll see soul sign anyway.
That kind of digress there a little bit. But I
don't see a recovery in housing yet. I see prices

(06:40):
continuing to get a little bit better if you're a buyer,
and that's part of the natural ebb and flow, don't
you think time.

Speaker 4 (06:48):
Yeah, I think at the end of the day, you
have to always look at how expensive a home is
and also the supply and demand of it. And right now,
the only people that really have an advantage in this
market are the cash buyers. Talking with real estate agents.
Just had one end last week. And that's what she
was saying, is anyone who has cash and they can
buy all in the mortgage rates aren't impacting them, right,

(07:10):
So they have a whole litter to pick from. But
the people who have to buy the home through financing
is a huge deal about the rate, and so that's
just taking buyers away.

Speaker 3 (07:21):
And that's that's a good point. Think about all the
people that were waiting on the sidelines waiting for these
rates to drop and then they got priced out of
the market because the rates went higher, correct, right?

Speaker 1 (07:30):
Correct?

Speaker 3 (07:30):
How many How many people did that have to happen
to I'd say it probably good amount.

Speaker 4 (07:35):
And to your point, Dave, housing always goes higher. And
if you think it's about five percent, and you know
annual return on average these houses went up twenty five
percent almost year over year for two years, you're gonna
have some type of pullback. Yeah, you can't expect that
to continue. Sure, we printed a lot of money and
that's why they increased by so much. If you have

(07:57):
a hard asset, fixed supply of something or semi fix
versus something that's just getting printed, you know, obviously the
thing that's fixed or semi fix is going to go
up in value, and that's what we saw across the
board for all goods and services and including housing. But
at a certain point there's an equilibrium that gets found
because of supply and demand, and that's what we're seeing
here now.

Speaker 1 (08:16):
Yeah, I think it's just an adjustment. It's not anything
to panic about. It's just an adjustment after a huge, short,
huge gained in the very short period of time.

Speaker 3 (08:24):
And realistically, I think rates dos still need to be
higher for longer. You know, I don't think that we're
restricted to restrictive enough. What did we just see, you know, rates,
If rates go up, I'm sorry.

Speaker 4 (08:36):
But I also think investors are now realizing that it's
not you know how people were really getting investment homes
or investment properties because of the rent arbitrage that you
could have, but because of rates now being so highest sortgage,
I mean, you have to really be paying a house
outright with cash to be able to make a profit

(08:57):
on a rent these days.

Speaker 1 (08:59):
To your point, to have a good friend who's one
of the top realtors, if not the top realtor in Tucson,
and he deals pretty much exclusively and high end homes,
and he posted on Facebook every time he sells something.
Probably sold three homes in November, more than a million
and a half. It was a two million in there,

(09:20):
two and a half million. I mean, you're right to
your point. People that have cash are coming to town.
And you know, back in the day and not that
long ago, you never saw a million dollar sale Tucson
very very rare to see a million dollar sale. Now
two and three million dollar sales not that in commons typical. Yeah,
and again housing always goes higher over time. Got a

(09:42):
kind of a battle for what's the big story of
the week, But I think probably the biggest thing we
were looking at last week, and probably the most important
news event of the entire week, was Nvidia's earnings. Reason being,
the market has been driven by AI, and Nvidia drives AI,

(10:04):
so any indication that things are slowing down at in
video would be negative for the tech sector and certainly
negative for the overall market. The stock did move lower
on Monday after there was a report that their Blackwell
chip was overheating and that raised concerns about delays to consumer. Interestingly,

(10:26):
that sent to VRT Veritas, which is one of our
favorite stocks. They provide pardon.

Speaker 4 (10:34):
Our favorite stock that we don't own, a.

Speaker 1 (10:36):
Favorite stock that we don't have a big position. Yeah,
because we can't buy it right right. Well, you always
say as a money manager, be patient. You have to
be patient. There's always another train coming. This is a
train we'd like to be on, but it just doesn't
seem to want to give us a break.

Speaker 4 (10:52):
It's not coming to the station.

Speaker 1 (10:54):
Now. Jump fifteen percent on Thursday. This is a company
that makes the cool apparatus that surrounds these red hot
literally chips. They're like racks yeah, like yeah, shelves, yeah,
racks of cooling racks that allow these chips to run.

(11:14):
And v rt is was one of the big East
and when they when that news about the blackball chip
overheating came out, and Video stock dipped, and of course
the vr T stock went hire and the next day
it was up fifteen percent. On Wednesday, the and Video
did come out with their earned their court earnings for
the most recent quarter sales earnings. Outlook, everything was above expectations.

(11:38):
Not dramatically above expectations, but above expectations. With that said,
the stock ended the week flat. Their biggest problem and
Video's biggest problem, What a great problem to have is demand.
There is just simply too much demand. They can't they
can't meet the demand. Yeah. Fly constraints, yeah, supply constraints, right, not.

Speaker 4 (12:00):
Deuce enough of what everyone wants?

Speaker 1 (12:02):
Yeah, and can make the sales.

Speaker 4 (12:04):
And you have this backlog that you know, it looks nice,
but also it's like, well, you're missing out on more
potential sales.

Speaker 1 (12:11):
Sure, and then you go quickly spend billions of dollars
to build another plant to make more and by the
time that plant gets up and running and it's over.

Speaker 3 (12:20):
Yeah, it's over. You have another competitor in there.

Speaker 1 (12:22):
Yeah.

Speaker 4 (12:22):
And we saw that also with the competition of Amazon
starting to try to do their own thing. I think
also Google trying to produce their own chips that would
kind of take away some of their customer bases. The
Amazon currently their biggest customers Microsoft. Twenty percent of videos

(12:43):
revenue from customers come from Microsoft.

Speaker 1 (12:47):
Yeah.

Speaker 4 (12:47):
I thought that was a pretty.

Speaker 1 (12:48):
Big that's a big number, a big number. Another big
story during the week was on Tuesday, when Putin started
talking nuclear war again. Market opened. The Dow opened on
five hundred points, and quickly investors remembered, wait a second,
he does this all the time. You know, he's threatening
new anytime his back gets against the wall, up, we're

(13:10):
gonna or the nuclear wars, it's gonna be whatever. Whatever.
And the market actually closed Tuesday higher after opening down
five hundred points.

Speaker 4 (13:19):
Well, Biden's definitely trying to get us in a war
before he leaves office.

Speaker 3 (13:23):
Yeah, what's that about.

Speaker 4 (13:24):
I mean, why all of a sudden we're like, yeah, Ukraine,
you can use to use our missiles. And it's like
we've been saying that we're not allowed to They're not
allowed to use our missiles for a reason, and then
all of a sudden he's like, yeah, go for it.
It's like, why is he still making decisions? We got
to like get him out of there or something like.
This is crazy.

Speaker 1 (13:41):
Speaking of a Biden decisions. Did you see on I
think it was was Friday where the news broke about
the Biden State Department. According to Smart News right, the
Biden Harris State Department hosted a series of in house
therapy sessions in wake up Trump's victory. Now, what happens

(14:02):
if there's something actually serious happens in the world, You know,
if you've got to have therapy sessions because you're concerned
about all of these crazy things Trump's going to do.
And remember this is Trump two point zero. This isn't
the first time he's ever been president, and all of these,
all of the things that the left used to diminish
him during the election are coming out as facts in

(14:26):
these people's minds. It's sad. We've had people that can't sleep,
you know, because you see she hadn't one last week
that she just couldn't sleep. Yeah, can all these concerned
about all these things are going to happen.

Speaker 3 (14:37):
And the biggest concern being the fact that they're going
to cut social Security by one hundred.

Speaker 1 (14:42):
Percent, cut all security eliminated.

Speaker 3 (14:44):
I haven't heard that once.

Speaker 1 (14:45):
Oh you haven't any election. Didn't hear Harry's talking about that?

Speaker 3 (14:49):
Well, I I never saw a real plan for it.

Speaker 1 (14:52):
No, no, no, no, Well Trump's going to cut social
security in medicare.

Speaker 3 (14:56):
Yeah.

Speaker 1 (14:57):
Really, and these people believe that he is going to
do that. And wasn't he president for four years of war?

Speaker 3 (15:02):
Four years and nothing like that happened, you know, none
of that.

Speaker 4 (15:05):
It's also solved until twenty thirty two. So why would
he just all of a sudden Do you think that like, oh,
this is my issue. I need to make a stand stagutory.

Speaker 1 (15:12):
You can't make a presidential social security. Are you kidding me?
Can you imagine the outcry? Can you imagine what happened
in this country if the Trump said I'm going to
drop soldier security.

Speaker 3 (15:24):
I almost feel bad for them, Like.

Speaker 1 (15:26):
I feel terrible honestly that you're that.

Speaker 3 (15:28):
The media has done to them.

Speaker 1 (15:29):
Yeah, that you're that bollised by the news.

Speaker 3 (15:31):
Anyways, do you think the Dean will give us some
mental health the next week?

Speaker 1 (15:36):
Another big story during the week, which was not as
surprise at all as Matt Gates. You remember he was
selected by Trump to to be the attorney general. In
my mind that that had no chance of ever happening.
I think Trump was Trump rewards loyalty, and he said, Matt,
you've been loyal to me, You've been a good soldier.

(15:58):
I'm going to nominate you for Attorney General, knowing that
it's probably not going to happen, and he withdrew his
nomination on with that, but he resigned Congress, so he's gone.
So I know, a world without mag Gates, I don't know,
it's gonna be kind of different.

Speaker 4 (16:13):
Huh.

Speaker 1 (16:14):
And then Todd one you were talking about on Friday, Gensler. Yeah,
the SEC chairman Gendler stepping down. Now that's not a
shocker really because he was going to get replaced Trump
would Trump would have gotten rid of him. But give
me your take on what that means to the market.

Speaker 4 (16:31):
Yeah, Well, especially what it means for the crypto market,
because pretty much everything but Bitcoin has been waiting regulations
so it can actually do what they want to be
done in different type of coins. And really it's because
all other coins other than Bitcoin are right now classified
as securities, which means you have to have a perspectus,
you have to go through what ETFs and mutual funds

(16:54):
have to go through and things like that, and that's
pretty much impossible for any of these coins to be
able to do. But if you have a new SEC
chairman in here that maybe relaxes some of these regulations,
it allows some of these coins to maybe get away
with some of the stuff that they want to. And
for me, personally, I don't really trust anything other than Bitcoin,
and I think the only reason Bitcoin was the only

(17:14):
coin that was regulated and as actually classified as a
commodity is because no one actually controls it. I think
if a group of people control something, it sounds a
lot like a company or a mutual fund. You can't
really say that it's a commodity. So that to me,
I mean, I think it should have different regulations than Bitcoin.
All these other coins should have different regulations, But potentially

(17:36):
a new SEC chairman doesn't see it like that, and
you be seeing things like Ripple and Ethereum really take
off this week because of that. But also, you know,
Bitcoin the king has been leading the charge and that's
what normally brings all these other alt coins along with it.
And you know, you see Bitcoin just nearing the one
hundred k mark, hit ninety nine five on Friday, and

(17:58):
it's up another temper sent this week, so it continued
to climb higher, and a lot of that other news
around bitcoin this week, and the first time ever this
has been allowed, the Nasdaq Stock Exchange started trading options
on ibit, which is the black Rock etf. The next day,
the New York Stock Exchange approved all options for all

(18:19):
the other crypto spot ETFs that are on the New
York Stock Exchange, so you can now buy options, which
it sounds like it could increase volatility, but also could
help decrease volatility over time as well, because you can
now sell calls on biitcoin positions and things like that.
So it will be a very interesting space moving forward,
and it's a new way to bet on price action
for bitcoin. It adds more liquidity into the industry. So

(18:43):
it's it's just a very new space that's ever evolving,
and so this new SEC chairman is going to play
a big part in that.

Speaker 3 (18:49):
Even new inverse products in bitcoin, right, I didn't see
that one micro strategy well, I'm sorry, not inverse leverage.
Leverage leverage, yeah, I mean, if we we we've seen
micro strategy absolutely take off. I mean this thing is
up I think seven hundred percent over the last year.
And what this company does is they issue debt to

(19:10):
shareholders through bonds, and they take that money and buy
bitcoin with it. It's pretty much a currency trade against
the dollar and buying bitcoin. And it didn't work out
for them for two years. Right from twenty twenty two
to twenty three, bitcoin is going down, so micro strategy
got absolutely hammered. But then when bitcoin started rising, you
have the opposite effect and you kind of see how
micro strategy is up almost two x whatever bitcoin is

(19:32):
on a certain day, and it's because they're a company.
Older assets are always traded at a premium. The market
always puts assets of a company at a premium.

Speaker 4 (19:42):
A spot. Bitcoin ETF doesn't have a premium. It's spot
for a reason. It's the actual exchange price. So this
micro strategy is actually kind of like it's acting as
if it's a leverage bitcoin product because that's all they do.
They just hold bitcoin on their balance sheet pretty much.
They only make a couple hundred million from their actual
business itself. That actually, you know, does business things vast majority.

(20:03):
They made almost five billion dollars last quarter just holding bitcoin.

Speaker 1 (20:06):
Absolute, absolutely amazing. What's happened to bitcoin since the election? Now,
there was a there was a talk that Trump would
be more friendly towards bitcoin. Never mind that a year
and a half ago he called it a scam. So
where is he now? Is he a bitcoin supporter or
is it a scam? Everybody believes he's a bitcoin supporter,
and he's gonna do all kinds of things to make

(20:28):
bitcoin fly, and they've been bidding that digital currency up
like there's no tomorrow. I think it's up what sixty
percent since the election?

Speaker 4 (20:37):
Yeah, I mean it's up now one hundred and thirty
percent year to date, and I think, yeah, it was
up fifty percent year to date before the election.

Speaker 1 (20:46):
So okay, yeah, I think it was around sixty grand.
Wasn't around sixty thousand dollars and now it's one hundred
thousand dollars, so about sixty percent since the election. You know,
you wonder where it's going to go. And I mean
it absolutely is a speculative as things come. I mean,
I was on todd today. This is worth somewhere between
twenty dollars and and a million, I don't know.

Speaker 4 (21:07):
Yeah, And I personally think almost all bull runs of
bitcoin has six to seven thirty percent drops in the
bull run itself, so even when it goes up, it
has really bad drops. But when the big drops happen
is when the when the craze, when it really tops out,
and then you're gonna this thing could go up to
one twenty and then go all the way back down.

Speaker 1 (21:27):
The fifty k right, absolutely, absolutely.

Speaker 4 (21:29):
Very easily. So is there an opportunity to get lower? Possibly?
Will it go to even higher one twenty? Possibly? You
don't really know. This thing is so volatile that it
could really just take off, and once Fomo starts getting involved,
who knows where things can go. We saw that with
Game Stop, we saw that with AMC. Once that start,
that thing starts, that euphoria starts, it will go crazy.
That's normally the time where you start to pair back

(21:52):
a little.

Speaker 1 (21:52):
Bit by the troubling side. But this week I started.
I've heard I heard from a few people that had
never even really talked about bitcoin or really probably didn't
don't even know what it is. What should have you
do with bitcoin? Really? You know, people that it is
not appropriate for people that are conservative ministers, that everybody
wants to know what's going on with bitcoin because it's

(22:12):
gone up sixty percent. I went on, right, let me in,
you get in here. Maybe it goes to one hundred
and thirty, maybe it goes to fifty. You know, is
that what you want? You want something like that? Most
people don't.

Speaker 4 (22:25):
And to me, I never, I never try to really
look at bitcoin as an investment. It's a way to
protect your money. And I know that sounds counterintuitive because
of the volatility of the asset, but to me, the
inflation of the dollar is real and it's more than
what they say in those inflation reports, in my opinion,
and you can see that by the outpaced growth and

(22:46):
bitcoin it's it's preally it's Bitcoin can only go up
is if dollars get denominated by the by the country
who prints them. So that that to me is why
bitcoin constantly goes up and will for a period of time.

Speaker 1 (22:59):
There was a but you're right, it is extremely volatile.
And let's say on Friday at clothes at one hundred
thousand dollars per coin, right, that could be one hundred
and fifty thousand dollars in two months. It could be
fifty thousand dollars in two months. You better bring your
seat belt strap it on if you really want to
get involved in bitcoin. And it's not appropriate for everybody.

(23:20):
We've said throughout this whole thing, has your investment objective
really changed? Don't get caught up in this fomo, don't
get caught up in blah. I got to be involved
in this. There's a lot of people making money. My
neighbor's talking about this and I'm not getting it. You
know what your investment profile is. If you don't know
what it is, give us a call. We can help

(23:41):
you with that. And don't pick the all time high
in bitcoin and the all time high in the S
and P five hundred as a time to dump my bonds.
Let's go. It just doesn't make any sense, but it's
kind of the business we're in when when things go
down and things are on sale and prices are more attractive.

(24:03):
It's pretty quiet around here. When things are like they
are now and you're getting new all time highs on
a lot of different areas.

Speaker 3 (24:11):
Everybody wants it.

Speaker 1 (24:12):
Everybody wants it. We've never been busier, the firm's never
been bigger, you know. Just anyway, just be careful, stick
to your investment objectives. We will be back with more
than Money Matter Show right after this break.

Speaker 4 (24:25):
Welcome back to the Money Matter Show. My name is Toddlick.
I'm here with Sebastian Borsini and David Sherwood. This week,
we don't have the Greenberg's here, you only got us three,
but we did have a fun week in the markets.
The SMP rose two percent and the Russell two thousand
led the way the small caps. We also had Tesla

(24:45):
this week. They're actually up ten percent, and it was
kind of a quiet week for Tesla, but they quietly
rose ten percent and continue to reach levels that do
not make sense for that stock.

Speaker 1 (24:58):
They don't make sense. And I think it's one of
those things with Trump rewarding loyalty and you go, what's
he gonna do?

Speaker 4 (25:06):
What?

Speaker 1 (25:06):
What's he going to do for Musk? I mean, Musk
was probably his biggest supporter through this whole campaign. What's
he going to do for Elon? You know he's gonna
do something? What's it? And you don't know? It's kind
of like bitcoin. Now he's this big proponent of bitcoin. Okay,
so what's he gonna do. Well, it's gone up sixty
percent on thinking about what he's gonna do. What could

(25:28):
he possibly do? You know? I mean when it gets
right down to it. But this again, Tesla stock has
been on fire. Monday, the shares jumped eight percent after
Bloomberg reported that the Trump transition team is planning to
make a national regulatory framework for stelf driving vehicles a
top priority under the Trump administration. Nice, okay, so there's

(25:51):
salvo number one. You know it's to okay, Elon, here's
number one thing I'm gonna do about you? And you
just don't know. I mean, Musk and Trump both think
outside the box something could come that, you say, Man,
I did not see that coming. But I saw an
article last week about the three stocks that have performed

(26:12):
the best since the election. I thought that was kind
of interesting. Number one best performer since the election Axon.
Now nobody knows what Axon is. That's Taser. That's Taser
out of Phoenix, formerly Taser. That's the number one performing stock.
So what do you do, Gonna give tasers out to
everybody and him go round up illegals, I mean Taser stock.

(26:38):
Taser stock is the number one performing stock. Number two
Tesla Really not a surprise here. We've watched Tesla sources
and and number three vrt Veritis that we talked about
that provides the cooling. Number three performing stock.

Speaker 3 (26:53):
That makes me want to see election makes me want
to cry, quite honest with you, not being anything. Yeah,
I mean looking at it, staring at it in the
face of one hundred dollars a share. Now, I think
it's up like one hundred and ninety percent year to day.
Started the year like forty seven dollars a share.

Speaker 1 (27:09):
Yeah, market did have a good opportunity. On Tuesday, when
Putin started making remarks about nuclear war, had a good opportunity.
Correct didn't take it right. It seems like all systems
are gorum and Trumpanomics excitement is running the market. We
do have an economy that's kind of goldilocks flash. PMI

(27:29):
last week showed an upturn in business activity and get this,
the sharpest increase in demand over the last two and
a half years, which has the composite at fifty five
point three. Fifty is the mid range. Anything below fifty
is is contraction. Anything above fifty is expansion. Fifty five

(27:50):
point three for November, that's good, strong expansion. That's the
highest number since April of twenty two, which tells you
that the economy is on firm footing. And so you say, Okay,
I've got an economy that's on firm footing. I've got
a guy that's going to take over the reins in January,

(28:10):
who is known to be supportive of business, who's known
to be supportive of the market. You've got interest rates, yeah, stable,
and you've got inflation coming down and it's if the
housing market continues to soften, you're going to see the
CPI number eventually reflect that.

Speaker 4 (28:30):
But yeah, I mean, well, inflation did go up last month.

Speaker 1 (28:33):
It did. It did from the previous Yeah, from two
point two.

Speaker 4 (28:35):
And we saw a Fed, a FED member this week
actually say that the progress on inflation is slowing, which
is the first time a FED members said that in
a while. So we might actually get some dissents on
this next FED rate cut decision.

Speaker 3 (28:48):
Did you guys, did you guys see that banana with
duct tape that sold for two point five million dollars
the other day? Maybe billion dollars? What was it? It was
a banana with duct tape on it and called it
art And that's just like that's a lens of how
non restrictive this policy still is.

Speaker 1 (29:07):
I mean, somebody really smart there. It sounds like the
seller was really smart.

Speaker 4 (29:12):
Now you know what are is our is the biggest
money laundering scheme in the world, because all you have
to say is something is worth this, and you give
me that money and now I can send that money
to It's ridiculous.

Speaker 1 (29:22):
Yeah. Interest rates did hit the highest level in five
months during the week, and that's what we're talking about.
They finished the week. The ten year treasury finished the
week flat. One of the things that's very confusing to
most people is how can interest rates be rising when
the Federal Reserve is cutting.

Speaker 3 (29:41):
Rate, Well, the market's saying it's wrong. Possible, the bond
market is saying that the Fed is wrong.

Speaker 1 (29:46):
Well, I think that I agree with you, there Sebastian.
But remember the Fed is dealing in short term rates.
The market is dealing in what we're talking about, the
ten year or the mortgage rates that Todd mentioned, those
are long term rates. The difference betwe the two FED
can't control long term rates. Long term rates are controlled
by the open market, and long term rates are going

(30:07):
higher and the long term rates the bond market would
tell you. And it's interesting because the bond market is
about three times, if I remember correctly, about three times
the size of the stock market. So if you're wanting
to know where things are going, you want to look
at the bond market, because the bond market is way
bigger than the stock market in terms of the number

(30:28):
of dollars that move in and out of there. So
they're telling you that that interest rates are going to
be going higher if we don't do something to slow
this thing down. Like I say, you've got the best
PMI the the most the biggest increase in demand in
two and a half years right ahead of a guy

(30:48):
coming into office who is going to light the fire.
You know, the fire is burning red hot, and you
here you got a guy showing up with matches.

Speaker 4 (30:56):
So and the market then says, we're not going to
get the rate cuts we back then because of those
inflationary policies, and what could be I mean, if the
market's doing well, why are you cutting rates?

Speaker 1 (31:06):
Yeah, it makes no sense, It makes no sense. I
think cutting rates. That fifty basis point cut I think
was a mistake. We said so at the time, and
then the twenty five basis point cut after that, they
were kind of stuck with that one. They had to
do that. When I'm hoping the next FED meeting there
isn't a rate increase. The market thinks there'll be another
quarter and I don't they say increase, decrease, decrease, another

(31:31):
quarter point decrease.

Speaker 4 (31:33):
But right now the market thinks it will happen. That
prices it in absolutely and it doesn't make sense of
why they're going to do it. But that's why I'm saying,
you're probably gonna get a couple of FED members say
that we don't agree with that FED rate cut, and
it still will get approved. But once you get a
couple of de cents, that means the next one you aren't.
You're not going to get most likely.

Speaker 3 (31:52):
Well, I want to know what the Fed's seeing, because
with the action that they're taking, it's like they're not
data dependent anymore.

Speaker 4 (32:00):
Jerome POW's claim is that the labor market continues to weaken,
and that gives him the justification. Yeah, and that outweighs
the risk of inflation at this point.

Speaker 1 (32:12):
Calendar for next week kind of light. Not surprisingly, we
do get on Wednesday, the day before Thanksgiving, we do
get PCEE the governments the Fed's favorite measure of inflation,
the personal Consumption Index is personal Consumption Expenditure Index. That's
why it's PCE.

Speaker 4 (32:32):
And you get a lot of GDP reports, and for
some reason, as of late, when GDP comes in higher
than expected, the market loves it. Yeah, so that might
be a market move or too, and not normally is,
but as of late I think it's it's definitely moved
markets on those days.

Speaker 1 (32:46):
A little bit of weird hours. Next week Thanksgiving a course,
the markets closed, and then on Friday there's a half
a day the market closes at eleven am two sometime
on Friday, so kind of a We used to think
that it had to be open on Friday because there
was a federal law that no financial institution can be
closed for more than three consecutive days. There actually are

(33:10):
three states that have that law, but there is no
federal law. It's just kind of customs since the twenty
since the crash.

Speaker 3 (33:18):
Since you know which three states great Depression.

Speaker 1 (33:20):
Texas, Oklahoma, and Alaska have laws on the books where
you cannot have a financial institution closed for more than
three days. Now, those would be state chartered institutions. They
couldn't control federally charged institutions. But it's become tradition or
standard that we operate by where the financial markets are

(33:42):
not closed other than nine to eleven for more than
three consecutive business days, which I think makes a lot
of sense. Gives people a peace of mind that they
can get at their money.

Speaker 3 (33:53):
It could get access to their moneys.

Speaker 1 (33:55):
Yeah. Absolutely, China continues to drift lower. The FXI, which
was the large cap index in China, down another two
percent last week.

Speaker 3 (34:04):
Yes, shang Hi as a hole is down two point
three percent. Uh, some of those companies are getting hammered.

Speaker 1 (34:10):
Yeah, I mean it's isn't that interesting here? Our Mark
is just going to the moon, and China is selling
off because we know they're their real estate bubble. You
have you had?

Speaker 3 (34:18):
PDD Todd follows on quite a bit. They dropped ten
percent off of their revenue estimates or off their earnings
reports that they conducted you have the parent company of
team Mate. Yeah.

Speaker 4 (34:30):
But also Amazon came out last week and said they're
making their own TMU store where everything on this new
store that they're making is going to be under twenty dollars.
Oh really, every little single last star.

Speaker 1 (34:40):
Like an Amazon dollar store.

Speaker 4 (34:42):
Yes, the interesting Amazon twenty dollars store.

Speaker 1 (34:44):
Yeah, I tell you do not want to be competing
with Amazon now they enter that.

Speaker 4 (34:48):
That hurt PDD quite a bit.

Speaker 3 (34:49):
Ali Baba's also gone crushed from about one hundred and
ten dollars down to around eighty the first Trump term,
we saw the same thing. They got smoked, and then
it's skyrocket from about ninety dollars to three hundred and twenty. Oh,
well that happened again. I don't know, probably not, but
I'll keep an eye on it. I don't trust China.

Speaker 1 (35:08):
Though, Chinese market finished at the lowest level since late September,
and back in late September is when they announced that
stimulus package. Market shot up pretty good at that point
and it just kind of drifted lower since. And the
talk is that they need more stimulus at the real
estate bubble there, which is really really huge and nothing

(35:30):
something we can't even comprehend because our government is not
going to go building cities in the middle of nowhere
hoping people will show up, and that's exactly what they did.
And guess what nobody showed up. Anyway, we'll be back
with the next segment of The Money Matter Show. Thanks
again for taking time to join us.

Speaker 3 (35:46):
Love this weather, Welcome back to the Money Matter Show.
My name is Sebastian Borsini here with David Sherwood and
Todd Glick Junior. You got the green Bergs outs hopefully
winning a football game of semi no quarter final football game.

Speaker 1 (35:58):
Yeah, that would be if they win tonight. They're in
the semi.

Speaker 3 (36:02):
Final semi finals for the five Bay State Championship.

Speaker 1 (36:04):
I have seen what the odds were, and he said,
I just don't want to be embarrassed. I just want
to be competitive, you know.

Speaker 3 (36:10):
All those Phoenix schools are big. I mean, I think
we have I want to say, thirty five to forty
kids on the team. They'll probably come here Tocson with
about sixty.

Speaker 1 (36:18):
Drag them down. Yeah, that's another level. And this this
team has a worse record than Tucson High, but it's
because they played a lot different competition.

Speaker 3 (36:27):
They play some great teams up in Phoenix each week.

Speaker 4 (36:29):
Before the end of the last break, we were talking
about China's housing bubble, and I heard an interesting tidbit
about the fact that a lot of houses in New
York are also vacant that we don't realize because of
foreign investors that buy those properties as a way to
pretty much hedge their inflation risks from their own country.
And also American property increases a lot more than a

(36:50):
lot of foreign property around the world, so it's a
way for them to have an alternative investment that kind
of grows at the at a higher rate than they
could otherwise get. We just let them do that, and
we let them do that. So that's why a lot
of the house the housing prices in New York is
just insane, and it's because of the foreign buyers that
just buy up houses and there's no one in it.

Speaker 3 (37:11):
That's horrible. Why do we do that, Well.

Speaker 4 (37:14):
Because someone makes money from the foreign buyers, like the
realtor that has the connection with the foreign buyer. They
made a big chunk of money from that cell.

Speaker 1 (37:21):
Darn democracy, you know, Yeah, Saturday.

Speaker 4 (37:25):
Freedom is freedom at the end of the day. You
can't have it both ways.

Speaker 1 (37:28):
The market.

Speaker 3 (37:31):
Well, in Mexico you have like if I wanted to
go buy a condo in Mexico, I can't do that
unless I, for one, get citizenship or I could go
lease it out for one hundred and five year term, right,
and then I can't pass it on to my family.
That kind of things.

Speaker 4 (37:44):
Well, yeah, that's because Mexico is a little more socialist
than is way more. Now.

Speaker 1 (37:49):
I know a bunch of people from Timbstun. They have
their own homes in Mexico.

Speaker 3 (37:54):
They don't own them. Okay, they're on one hundred and
five year lease.

Speaker 4 (37:58):
Most of them are lease backs.

Speaker 3 (37:59):
I mean us. They applied for citizenship and they got
dual citizenship. But I think for them there now, I'm
ninety nine point nine percent sure you cannot. You won't
actually end up owning the house you have to give
it back, but.

Speaker 4 (38:11):
You can still sell it and then just get a
new lease.

Speaker 1 (38:13):
As long as during that one hundred and five years.

Speaker 3 (38:15):
Right, it's not a it's more I was thinking more
if you wanted to pass it on to your kids.
You know, you don't have a name.

Speaker 1 (38:21):
Commoditi's had had an interesting week. Oil up four dollars
seventy one bucks. Oil has been beaten down for quite
a while due to the decreased demand from China as
their economy struggles.

Speaker 3 (38:33):
Is that what you attribute it to?

Speaker 1 (38:34):
Gold is the one I can't figure out.

Speaker 3 (38:36):
Huh is that what you tribute to that too?

Speaker 1 (38:38):
Oh? Yeah?

Speaker 3 (38:39):
Dropping oil?

Speaker 1 (38:39):
Yeah? I know what else? I mean? I you know,
because if you're thinking, well, it's because Trump's going to
become president and there's going to be a lot more
oil produced. Well, they wanted to go up four dollars,
it should be going down to sixty two fifty nine,
you know if that's the case. So, and I understand
where those people are coming from, and I don't dis

(39:00):
agree with him. I mean, we're probably gonna see that
Keystone pipeline up and running pretty quickly, I would hope.
And but Todd, you've mentioned before we're producing more oil
in this country than we ever have in history.

Speaker 4 (39:14):
Yeah, and it was a result of some bad policy decisions.
But yeah, I mean, if you look at the numbers,
we've definitely opened some things up. So I mean that
increase of supply has led to some of that price
going lower as well. When you have a big supplier
that wasn't around, you know, five years ago, all of
a sudden come online, that's gonna decrease prices.

Speaker 1 (39:35):
If you're looking for somebody to advise you on gold,
it's not me. Gold up one hundred and forty five
dollars last week. I was a week ago. I said, Okay,
gold finally is down two hundred dollars. Work should be
right up one hundred and forty five dollars last week
to twenty seven to ten.

Speaker 4 (39:51):
While the dollar went up in value.

Speaker 1 (39:52):
And the dollar hit a two year high.

Speaker 4 (39:55):
Rates up. Gold stock's a bitcoin.

Speaker 1 (39:58):
That makes no sense. What's going on gold is gold
is priced in dollars, So as the dollar goes, gold
is supposed to be in verse. Think of a Teeter tyner, right, well,
you've got both side, the Teeter tyner going up at
the same time. It makes no sense.

Speaker 4 (40:11):
Well, to me, what I see what's happening is the
fact that the US is not slated to do the
amount of cuts that we had slated for twenty twenty five,
and the market has repriced that in. When that gets reprised,
the dollar goes higher in value. Yes, and also Europe
is not is increasing the amount of cuts they were slated.
They had a certain amount. Now they think they're going

(40:33):
to have more cuts, so that weakens their currency, which
adds to the strength of our currency. And then on
top of that, I've heard from many different articles and
people close to those bricks countries that they're not really
so into the bricks currency. They're more into buying a
lot of gold. And the same way that when bitcoin
goes up and a lot of people then think, oh,
I should ditch my dollars and go into bitcoin. Well,

(40:54):
if gold keeps going up, people are going to say
I should ditch my dollars and go into gold. And
if that eventually leads to the dollar losing value over
time in gold getting more and more steam, people increasingly
don't trust the dollar, and that is the only way
these bricks countries can really get away from this dollar
rize system. If they try to create a bricks currency,
no one's gonna trust it. They know that, so they

(41:15):
have to use something that people can trust union latterally
that isn't tied to one country, and that is most
likely going to be gold. Potentially it's also bitcoin. Maybe
they're the ones that pushing this thing higher, but you
can definitely see there's a huge volume spikes and goals.
Some there's a big buyer in there.

Speaker 1 (41:32):
It's it's it's just unusual. It should be going the
opposite direction of the dollar. And and again when I
look at the dollar at a two year high, I think, well,
so much for all the conspiracy theorists to say the
dollar is going to be replaced by you know this currency,
that currency to nobody wants a dollar anymore. And of
course that's that's how people sell gold, that's how people

(41:54):
sell things, just to say, wow, the dollar is gonna well,
guess what the dollars at a two year high.

Speaker 4 (41:59):
And I think this is I always look at currencies
as an illustration of if if you imagine a whole
bunch of boats in a bay, and imagine that all
these boats have their own tides going up and down.
And because they're all fiat currencies. At the end of
the day, they're all backed by nothing. A euro is
backed by nothing, a dollar is backed by nothing. A

(42:19):
Japanese yen is backed by nothing. But they do have
an exchange rate, right, which means there is a value
that is between me going into a dollar versus me
going into a Mexican peso and me going back. Right,
there is an actual exchange rate, and that exchange rate
is fluctuated by the strength of that bond issuer, which

(42:40):
is the country, sure, and so when the rates go higher,
the tide goes higher for that boat, and the tide
goes lower for the other side of that coin.

Speaker 1 (42:50):
Right.

Speaker 4 (42:51):
So that's why to me, I look at it in
that respect, because they're all fiats. At the end of
the day, they're all based on nothing. But at the
end of the day, they all are based on each
each other's economic growth, and then that relative comparison of
who's doing better or worse, and that leads to the
strength or weakness of that currency.

Speaker 1 (43:10):
Interesting. Interesting, it's it's uh again. The dollar strength is
confusing some of the conspiracy theorists.

Speaker 4 (43:19):
Have you heard of.

Speaker 3 (43:22):
Quantum computing incorporated Q The ticker's qubt yep so. This
company was formerly known as Innovative Beverage Group Holdings, which
is a energy drink. Right a week ago, they changed
their name from again Innovative Beverage Group Holdings Incorporated to

(43:43):
Quantum Computing Incorporated. This sent the stock up for the
week one hundred and forty seven percent. This company, this
company has what do you think in revenue?

Speaker 1 (43:54):
I know, but you've got Quantum Computing in the name.

Speaker 3 (43:56):
One hundred thousand dollars in revenue. Oh my goodness, Oh
my gosh.

Speaker 1 (43:59):
Please be careful, people, absolutely, I want to talk about it,
just real briefly about trading on Trump, what I've called
trading on Trump. Over the past few weeks, we've seen
several securities move significantly higher or significantly lower based on
people Trump is nominating for various posts. These nominees, as
you all know, may or may not pass Senate confirmation,

(44:21):
and even if they do, there's no guarantee that their
personal beliefs will be able to change the law. Be
careful getting too excited or too depressed. Time will tell
if any change is positive or negative, and they're going
to take months to happen. Most market participants believe Trump
two point zero is going to be much like the

(44:42):
first term. It should be good for the overall market,
but it'd be cautious reacting to specific industries. The Kennedy
nomination is probably the most caused the most movement taking
pharma companies down due to his anti vax and anti
GLP one reputation reputation. I said, creating a rally in
dental Get this, creating an a rally in dental supply

(45:04):
stocks as doing away with floride in the water could
mean more dental business. Now, people, that's gonna take year.

Speaker 4 (45:14):
Is that that's the fun one right there?

Speaker 1 (45:16):
A rally in dental supply stocks because Kennedy's going to
take the floor height out of the water and it's
going to cause teeth to get worse. Come on, I mean,
you know, yeah, the market You think if that actually happened,
If if A, if he actually was able to take
flour right out of the water, A that he gets nominated,
B that he actually is able to take the four

(45:37):
height out of the water, see that it actually causes
teeth to decay further and D it means more. How
long do you think that would be? I mean, how
sick of your dental supply stock doing nothing would you
be before that actually happens.

Speaker 3 (45:54):
I mean, we're going to start shortening the mental institutions too.
I mean, FRID makes it crazy to.

Speaker 1 (46:00):
Just be really careful out there people reacting. If you're
a trader, that's one thing. If you're a trader, jump
on and have fun. You know you're dealing with risk capital.
But if you're an investor that's not investing buying the
dental supply stocks on something like this, it's just silly.

Speaker 4 (46:16):
It is.

Speaker 1 (46:17):
Hey, McDonald's stock was unchanged on the year, but got
a little bit of a pop on a Monday. They're
preparing their twenty twenty five value offerings, including get this time,
buy one, and get one for a dollar. You know,
their value meals have been the big deal, And.

Speaker 4 (46:37):
I did the five dollar meal deal the other day
for the first time.

Speaker 1 (46:39):
It seemed like a reasonably good deal. Yeah, you know,
your opinion, So your very opinion is.

Speaker 4 (46:45):
I ordered the five dollar meal deal, but then I
realized I can't just eat that. That's not enough food.
So then I had to order a Big Mac. And
the Big Mac was more than the entire five dollars.

Speaker 1 (46:57):
So that the five dollar meal did not fill you up.
No is what you're saying, Oh, you had to get
two five. I've burned too many calories every Yeah, but
you're yeah.

Speaker 3 (47:04):
I was gonna say, you're talking a guy that he's
probably like six thousand calories a day.

Speaker 1 (47:08):
When I was when I was in high school. The McDonald's,
I was a in the state legislature in South Dakota.
I was a page and they had a McDonald out there,
and I never heard of McDonald's coming from my little higtown.
And they were assailant. Hamburger's ten for a dollar. Wow,
ten for a dollar. I a lot of them. We'll
be back with the second half of the Money Metter Show.
See if we can get more Hamburgers ten for a dollar.

(47:32):
Welcome back. This is the Money Matter Show, Part two,
two point zero two point h This is the second
half of the Money Metter Show. We're here without the Greenbergers.
I've got Sebastian Borsini, I've got Todd Gook Junior. I'm
Dave Sherwood, and we're bringing you up pretty much everything
we know. We had another strong week in the market.
It just keeps going higher. Because now was up two

(47:53):
percent for the week, now six percent on the month,
seventeen percent on the year. But the one we followed
them most. Of course, that's only thirty stocks the Dow.
So what we would like to see is the S
and P five hundred, which is about five hundred and
three stocks, because a couple of the stocks have more
than one class of stocks. The S and P five
hundred up one point seven on the week, four point

(48:15):
six percent for the month, twenty five percent for the year.
We were concerned October, September and October ten to be
difficult months for the market, and both of those months
were up about two percent. We thought maybe some of
the historical traditional November gain was eaten up by bat

(48:36):
but boy, it doesn't seem like it. And I think
a lot of that goes to the Trump election. Had
we had a different result, we wouldn't be talking about
these kind of numbers. We wouldn't be talking about Bitcoin
at one hundred thousand. All of these changed on November fifth,
and for the better. If you're involved in the stock market,
which of course we're very involved in the stock market. Onward,

(49:01):
onward and upward. A lot of earnings reports this week.

Speaker 4 (49:05):
Uh well, one company that stood out that didn't have
earnings but did drop its Google, Google got another DOJ
suit on them. Good point, Good point to me. I
hear this as they got another one. Who cares? Yeah,
I think it's an opportunity.

Speaker 1 (49:22):
You're about Google getting another uh well, not another lossit
but but a but the Justice Department petitioned the court
to force them to spin off Chrome Google Search Chrome right,
which would certainly make a big difference to a lot
of companies. I think Apple got something like twenty two

(49:45):
billion dollars revenue from Google for Chrome being the lead
search engine on on the Apple iPhone. I mean, can
you can you name three other search engines for you know?
Probably not. You might be able to Todd, but I
don't think the average person if you said, give me
the names of three search engines, we'll be Google. And

(50:07):
is they all still around? And you know kind of
where it ends. I mean when you say google something,
that people literally do google something. I saw an article
this is this is This is sad because it's talked
about scammers and we see a lot of that in
a lot of different businesses. But that's become so pervasive

(50:29):
in our society, and there isn't a lot being done
about it because it is so pervasive that they really
can't even deal with it anymore. Whether it be text,
whether it be mail, primarily email I think is the
predominant thing. And what they're trying to do is they're
trying to find older Americans who are vulnerable and scam

(50:52):
them out of their money. And they're getting really, really good,
really good. I mean, you got to my wife and
I talking the other day. You just kind of have
to believe that everything you see as a scam. That's
kind of where you're got to be your default. According
to the FTC, the number of older Americans who report

(51:14):
losing more than one hundred thousand dollars losing more than
one hundred thousand dollars to fraud each year has more
than tripled in the last three years tripled in the
last three years. In twenty twenty three, forty six hundred
adults age sixty and older reported being defrauded of at

(51:34):
least six figures. Forty six hundred people admitted to being
defrauded six stage. And you know how there's a thousand
out there that wouldn't admit it because they're too far
right or more so. Forty six hundred is a small number.
That's up from thirteen hundred and twenty twenty, so forty
six hundred. Tucson has a nonprofit group called Resources to

(51:58):
Safeguard the Elderly Is a Role was r O s E.
We had them on the show. They have a working
knowledge of scams and they're trying to to educate elderly
people about these scams. We had them on the show
a few months ago. If you want to have them,
come speak to your organization. This is such a huge problem.

(52:18):
They can be reached at Roseadvocacy dot org. That's www
dot Roseadvocacy dot org. God blessed the work these people
are doing. They're really trying to make a difference in
this I.

Speaker 3 (52:31):
Remember when we had them on, Brian talked about one
scam in particular, and it was it was geared towards widows,
people that are lonely, that are looking for a relationship.

Speaker 1 (52:42):
That's the biggie and God.

Speaker 3 (52:44):
I think it was a couple of weeks ago we
had a client in here and I it almost came
to my mind, like is this guy getting scammed just
because the way that he was talking about having a
conversation with somebody on Facebook, and then they're talking. They're
asking him do you own any Bitcoin? And it's like,
why are you talking about bitcoin to anybody? To anybody?

Speaker 1 (53:03):
Right?

Speaker 3 (53:03):
If we're trying to go about something romantically here, why
is that your first question? It just highlights scam to me.

Speaker 1 (53:10):
I had a client several years ago that came to
me because she was trying to get some money out
of her account and it just didn't seem right. So
I said, come on in, let's talk about this. So
she came in and I said, what's going on? And
she had brought the letter with her about the guy
who whose father lived in England and he had died.

(53:31):
And this guy, this romantic boyfriend of hers that who
she'd never met, who is from Phoenix, supposedly living in
the Philippines, supposedly is going to get his father's ten
million dollars, but he has to pay the estate tax
up front, and he needed her to wire him some
more money. I said, you don't want to wire this

(53:52):
guy money. This is a scam. She said, no, no, no,
I know. I said, you don't know him, you don't
know anything about him. I said, have you send him
money before? Oh, yeah, he's needed some money. I've had
to pay for that. I said, how much money have
you sent him? Four hundred thousand dollars? Four hundred thousand dollars.
She had sent him out of her bank before she

(54:13):
got to her brokerage account, and of course that's where
it stopped. And my hope, my hope is that as
more and more computer literate people reached that age, that
it'll become more challenging for him.

Speaker 3 (54:29):
They'll figure out a different way.

Speaker 1 (54:31):
My wife and I are that age, and you're not
going to scam us out of anything. And I'm hoping
that as you guys over the years, as you guys
get older, that door is gonna finally shut down on
these guys because it's really, really disgusting.

Speaker 4 (54:47):
I think unfortunately it won't. It's the same reason that
people in our industry continue coming in with bad products.
And it's not because everyone in our industry are bad actors,
probably maybe only ten fifteen percent are. But the reason
and we have so much paperwork that we have to
fill out, the reason we have to go through so
much due diligence, and the reason clients come in with
bad products is because there are bad actors out there

(55:08):
that don't really care about you at the end of
the At the end of the day, they care about
earning money in their bottom pocket, and they don't necessarily
care if the product performs well or not afterwards, because
they're most likely on a commission base. And what's the
incentive for a product to continue to perform well if
once you collect your fee, there's really are your money
come out?

Speaker 1 (55:28):
You see? You see that mostly in annuities, where there's
a big front end commission. You could choose a number
of different ways to get paid on annuities, one of
the common ways is up front and that commission. If
you were to get somebody to agree to a ten
year deal, it can be as high as seven or
eight percent, you know. So you get somebody put five

(55:49):
hundred thousand dollars in the annuity, there's your forty grand
for this month, now next month, you know, and over
a year you make five hundred thousand bucks just by
putting one doing one annuity month.

Speaker 4 (56:01):
So, and something that I don't like that I've seen
on clients accounts recently is having mutual funds that are
from the actual brokerage house that is holding the account.
For example, you could have a Chase account that has
only Chase mutual funds in it. Normally, when I see
that you're not getting the most efficient product, agree, it's.

Speaker 3 (56:22):
A wait for them to earn a fee on top
of it.

Speaker 4 (56:23):
I think the only one you could maybe say you
have the most efficient product is if you had Vanderguarden
mutual funds. Yeah, and they were indexed or something. But
other than that, it's most likely you could find a better,
cheaper product and be more efficient. And just because you're
at some place, In some places they require you to
use only their funds, which should be a red flag.
But you shouldn't have only one fun family making up

(56:45):
your portfolio. That you can be diverse, fied across fun
families the same way you're diverse trying to cross asset classes.

Speaker 1 (56:51):
Got a couple of retail reports this weekend. We've got
companies going in opposite directions. Walmart moved to a new
all time high on Tuesday after they posted their fiscal
third quarter results surpassed estimates. They also boosted their guidance
as they're saying customers are buying more groceries and those

(57:13):
sales mostly came from households with incomes above one hundred
thousand dollars. I'm not sure how they know that, and
I kind of have to scratch my head and go
really interestingly, the Walmart results were excellent, but they weren't
as excellent as Costco. And then along came Target. What

(57:34):
and the heck happened? There?

Speaker 3 (57:35):
It fell twenty percent.

Speaker 1 (57:36):
It's up twenty two percent over the last twelve months,
plenty of more than twenty percent new fifty two week ago.
On Wednesday, company missed third quarter earnings and revenue by
the biggest margin. Now, didn't miss it by a hair
They missed it by the biggest margin in over two years.
And they slashed their full year guidance three months after

(57:57):
they raised guidance. Makes you wonder, does anybody there know
what the heck's going on? Who's running Who's running this ship?
Target cited only a slight uptick in customer traffic and
the CEO did lingering softness and discretionary caddy. They also
blamed increase shipping cost get this as a result of

(58:19):
the three day port strike. Well, why did that not
impact Walmart? In Costco? If that's a legitimate concern, And
let's say it's cored. Target's core middle class customer base
has been strained by higher prices and is pulling back.
But wouldn't that also apply to Walmart and Costco?

Speaker 4 (58:41):
Well, No, Walmart is a little more cheaper than Target,
for sure.

Speaker 1 (58:44):
About Costco.

Speaker 4 (58:45):
Costco is a bargained dealer, and different people shop there
to begin with.

Speaker 1 (58:51):
So you're thinking, you're saying that the average income of
a Target shopper is likely higher than Walmart.

Speaker 4 (58:59):
Or I would no, I would say definitely higher than Walmart.
But I think Costco is just a different I know
it's retail, but Costco.

Speaker 3 (59:06):
Is able to give you lower prices because you're buying
in bulls.

Speaker 1 (59:08):
Yeah, it was a comedian.

Speaker 4 (59:09):
If you're a single person, right like you're a twenty
year old, you're not going to Costco. You'd go to
Walmart or Target. That's what I mean by that.

Speaker 1 (59:17):
I was listening to a comedian years ago and she
was talking about Price Club. It was named price Club
then before they changed the name to Costco. And she
was on the East Coast and they weren't on the
East Coast yet, and she was Her comedy routine was
about Price Club, and she said, now you don't know
Price Club here in New York, but let me let

(59:37):
me describe Price Club like this. You would not go
to Price Club to buy cheese. You would go to
Price Club if you were going to build something out
of cheese, which I thought was pretty darn clever. Target
really got hammer. Now. The one thing I will say
about about this this Target, My experience with Target has

(01:00:00):
been this happens from time to time, and I don't
know why it happens. How do you raise guidance ninety
days ago and then lower guidance now, that's just like
you don't really even have a handle on your business,
it seems to me. But my experience has been every
time Target has dropped like this in my career, it's

(01:00:22):
been an opportunity. Yes, it can sometimes take months. Yes,
it can sometimes go lower than where it initially went.
Probably does, right, but it has always come back to
a new high.

Speaker 4 (01:00:36):
Yeah.

Speaker 3 (01:00:36):
I think it's also hard to compare Target to your
traditional like Walmart, just traditional grocer because a lot of
Targets don't even have groceries in them.

Speaker 4 (01:00:46):
Also does Walmart? What Walmart doesn't have groceries in it either?

Speaker 1 (01:00:50):
They do. Most of them do?

Speaker 3 (01:00:51):
All of them do?

Speaker 4 (01:00:52):
All Walmarts are saying it's not just groceries. Walmart is
the same as Target. No, no, but Target everything.

Speaker 3 (01:00:56):
Sometimes Target doesn't have groceries at all, it's just close.
It's just cosmetics is very rare.

Speaker 1 (01:01:01):
I don't think the big Target on Grand has groceries.
I've been there a few times. I don't think you
may groceries.

Speaker 3 (01:01:08):
You might be right now, A lot of them don't.
And that's not a lot of them.

Speaker 4 (01:01:12):
You're making it sound like it's a majority.

Speaker 3 (01:01:16):
I think the only well they've shifted, they've shifted towards
putting the groceries in each store, but they still are
not there yet. So what I'm trying, what I'm trying
to get at, is that I'm not so if I
need groceries, I just need to run in for milk
for something, I'm gonna go to Walmart instead of Target, right,
And if I met Walmart already and I'm getting milk,
the chances are I might buy something else while I'm there.

Speaker 4 (01:01:36):
But that's also not true because you can get milk
at a gas station, you get milk at CVS, Walgreens.
That's an easier than Walmart. Why are you going to Walmart?

Speaker 3 (01:01:43):
Well, that's just a personal thing. I guess probably might.
I might go to Fries, I might go to Albertson's.
I might go anywhere else other than Target. I don't
when I when I think about Target, I don't think
about buying my groceries at Target.

Speaker 4 (01:01:54):
Because it's you. But there's plenty of people, Like my
sister goes to Target and that's where she does her
grocery shopping. A lot of women actually do go to.

Speaker 3 (01:02:03):
I believe that, But I'd say that a majority of
people that do go grocery shopping are what families right.
So if I could go get a discount, get a
discount of Walmart, I'm going to go there instead of Target.

Speaker 1 (01:02:14):
I think that the targets that have grocery stores out
thres superstars.

Speaker 4 (01:02:17):
And that's why people who shop at Target are not
the ones that are worrying about money. That's why I
said I think they have a higher higher average income
at Target than they do at Walmart, because people going
to Walmart do care about cost savings.

Speaker 1 (01:02:29):
Okay, So the the the Target that the comment about
about their higher end customers feeling the pinch you think
is valid.

Speaker 4 (01:02:41):
I think it could be.

Speaker 1 (01:02:42):
But I also screened with I'm just asking, yeah, and
I The.

Speaker 4 (01:02:45):
Thing I like about Target, and I talked about this
last week, is they are coming online with this Taylor
Swift that only they're selling, right, so you get a
whole bunch of increase in that consumer discussion, which they
did terrible on last quarter.

Speaker 1 (01:02:58):
Right, So then you're.

Speaker 4 (01:02:59):
Gonna probably have an increasing that sector in the next report,
which could help you.

Speaker 3 (01:03:03):
Know, pusht catalyst definitely.

Speaker 4 (01:03:05):
So you know, Taylor Swift, there's a there's you know,
hundreds of millions of people that would go on.

Speaker 1 (01:03:11):
Buy that thing. Oh yeah, no, no, there's no question.
But you had a little problem with your hybrid this week.

Speaker 4 (01:03:15):
Huh Yeah, I mean I think it's a solar ray.

Speaker 1 (01:03:18):
Yeah. I can't disagree with that, but it made me,
it made me realize again the I understand that the
appeal of a hybrid, the appeal of a hybrid, God,
what would you say, the appeal of a hybrid is
gas mileage range. That's that's absolutely the appeal. But the
advantage of an EV is not only avoiding the gas pump, right,

(01:03:43):
but with fewer moving parts. Fewer things can go wrong.
The average EV has twenty moving parks. The average ice
internal combustion engine car has over two hundred moving parts. Well,
what can go wrong? Well, nothing's gonna go wrong. It's
it's a moving part, right, Twenty versus two hundred. Maintenance

(01:04:05):
is a huge plus about electric vehicles that people don't
talk about. Once a year, Tesla comes to my office,
charging me sixty five dollars and rotates my tires. That's it.
That's it. Once a year, my wife's SUV goes in
as well, but it's five hundred and two one thousand
dollars or more.

Speaker 4 (01:04:27):
Are EV tars more expensive than their regular times slightly?
Why does that make sense?

Speaker 3 (01:04:32):
Because probably because they're carrying out that battery.

Speaker 1 (01:04:35):
It's a little heavier car. Although it isn't that much heavier.
People talk, oh it's so.

Speaker 4 (01:04:39):
Heavy, Yeah, I couldn't imagine.

Speaker 1 (01:04:40):
It really isn't that much heavier. If you look, if
you if you google the weight of an SUV versus
the weight of a like In my case, I googled
a Tesla Model Y, which is the suv, and I
googled the Porsche Macon, which is a similar they're the
same the same way. Interesting, but Tesla. Interestingly, when Tesla

(01:05:02):
was first being developed, the first time Musk ever wrote
in it, he was really annoyed it. You can imagine
Musk could get annoyed very easily, right, He seems like
a guy that could get annoyed very easily. A lot
of people with a lot of power get annoyed very easily.
I've noticed that in my life. He was very annoyed
by the sound of the tires. I thought it was

(01:05:22):
too noisy. He said, this is not gonna work. These
tires are driving me nuts. So they went back to
the drawing board and developed a new tire that is quiet, quieter,
last longer. It's noting like six Ply or I don't know.
I'm not a tire guy, but there's there's a special
Tesla tire that's a lot quieter and it cuts down
on the road noise.

Speaker 3 (01:05:43):
So if you ever, when whenever you get new tires,
you have to get the Tesla tires.

Speaker 1 (01:05:48):
I think. So I haven't gotten new tires. I only
had the car for a year and a half. I've
leased it for three years because I wouldn't buy I
wouldn't buy an ev I wouldn't because I just think
technology is changing too rapidly that you could end up
with a seven year old cell phone nobody to want.

Speaker 3 (01:06:05):
Get a dinosaur in two years.

Speaker 1 (01:06:06):
Yeah, it could be real easily a dinosaur. I remember
that when when Alexis first came out, everybody wanted Alexis.
And at the time I was driving a Mercedes Sedan,
and the value that merced Sudan literally dropped fifty percent overnight.
When the Tesla was introduced, nobody wanted it anymore. Everybody
wanted Tesla, Alexis. I'm sorry, I think I said Tesla.

(01:06:27):
Everybody wanted Alexas when Alexis first came out. This goes
back aways, but one of those things you have to
be worried about. I think I think buying a car
is probably a better economic decision for most people than
leasing a car. But in this particular case, I think
a case can be made for leasing. You're probably if

(01:06:48):
you can afford a Tesla, you're probably not going to
qualify for the seventy five hundred dollars rebate anyway, so
you might as well lease the thing and not get
on the hook for the the retail price of the car.
Has dropped at least fifteen thousand dollars since I got mine,
So if I were hanging on to it, you can imagine.

(01:07:08):
And then, of course, in twenty twenty five, I'm sorry,
twenty twenty six, a record number of SUV of electric
vehicles are going to come off of leath because fifty
percent of people smartly least them.

Speaker 3 (01:07:23):
They're gonna flood that used car market.

Speaker 1 (01:07:25):
Yeah, We're gonna flood the used car market.

Speaker 4 (01:07:27):
So that's what I'm trying to I'm trying to keep
my current car till twenty twenty six, and that's the year.
That's the new car. That's the year where Todd's going
electric vehicle. I don't know about electric, but definitely hybrid,
but maybe electric depends on how good they've got him
by that.

Speaker 1 (01:07:40):
I love this weather because you know, in the summertime,
I'm lucky if I can get one hundred and sixty
miles out of a charge. Two fifty right now, baby, wow,
two fifty.

Speaker 3 (01:07:49):
That's a big delta right there, you.

Speaker 1 (01:07:51):
Jumping, And it really is a major disadvantage to having
an electric but.

Speaker 3 (01:07:58):
I mean it is forty fifty degree difference.

Speaker 1 (01:08:01):
Yeah, I mean, that's that's why. Yeah, it isn't. But
that's why they're so popular in California because it's always
like this. Uh, it's always seventy degrees right for the
most part. And so you're getting your two hundred and
fifty miles, well they say three hundred and ten, but
it's not gonna happen. They're getting your two hundred and
fifty miles and all it's good.

Speaker 4 (01:08:20):
And when I was at the thing I had with
my hybrid vehicle, it said that that the hybrid EV
just I don't know, wasn't doing it what it was
supposed to. So I go to the dealership and he
reads and I asked him, I'm like, does the cold
because it got cold all of a sudden and two, like,
does that impact the battery at already? He's like, no, honestly,
it's normally when it gets too hot that's when we
start to see more of the issues than when it

(01:08:41):
gets too cold. So I found that interesting. But yeah, no,
I mean, he clearly codes nothing ever came back on,
so solar.

Speaker 3 (01:08:49):
Ray maybe just a solar What happened to Ford this week?
They said that they were going to cut their fourteen
fourteen percent of its European workforce stock solid about three percent.
Cited significant losses in recent years driven by weak demand
for electric vehicles, a lack of government support for the
shift toward electric vehicles, and a greater industry competition is
what they say.

Speaker 1 (01:09:09):
I have a little first hand knowledge of that because
I when I looked at the Mustang mock E, which
is their electric vehicle, I thought it was the coolest
looking evy out there. And I had a car that
was had fifty thousand miles on it, which for me
is a lot because I normally least and I had
bought this one, I had fifty thousand. I started to
get a little nervous about it. You know, I'm not

(01:09:30):
used to having a car with that kind of milege
fifty yeah, and that's nothing. I mean people go one
hundred hundred and fifty two hundred, not me.

Speaker 3 (01:09:37):
So funny.

Speaker 1 (01:09:38):
No, I'm just not used to having a car with
that kind of mileage. So I was looking around. It's
time to change, right, So I really wanted that Ford Mackie,
And I'm telling you, they are so pathetic at making it.
It's a beautiful car. It's a it's a uh.

Speaker 3 (01:09:54):
What do you mean, like the speed that they make.

Speaker 1 (01:09:56):
At manufacturing it, you probably would have bought it too.
I would No, I don't think I would have bought it.
I would have lease it though, And I would have
I would have leased that instead of my Tesla if
I could have got my hands on one, but it
was three to six month wait. And so Tesla's losses
in EV as me ford losses in electric vehicles, A
lot of that is because Ford is pretty pathetic at it.

(01:10:18):
And that's kind of what took me to Tesla. Tesla
has been doing it for fifteen years. Ford has been
doing it for fifteen minutes, you know. So that's the
reason that I decided to go with Tesla, because I said, well,
this is relatively new technology. In fact, there's brand new
technology to a lot of these car companies out there
who are feeling pressured by the EPA mileage average that

(01:10:40):
they have to meet, right.

Speaker 4 (01:10:42):
Yeah, that's a credit based system. Yeah, and that's why
Tesla gets a couple billion dollars a year from other
car companies that can't meet that quota. They have to
pay Tesla to buy some credits off of them. Because
Tesla has such a surplus and theirs and up.

Speaker 1 (01:10:56):
Why so many of these car companies are jumping on
board the EV bandwagon not because they want to make
EV right because they can or their overall my they
have to right. And it turns out that when you
have to do something, it does not necessarily mean you're
good at it.

Speaker 4 (01:11:10):
And I think this is so funny because if Tesla
had failed and it was on the brink of failing, yes, yes,
this would not be the case. Yes, we probably still
have all combustion engines. Yeah, and we just still be
thinking EV might be the case, might be coming, might
be coming.

Speaker 1 (01:11:26):
Yeah. Now you can't drive five miles from your household,
ut see it, and.

Speaker 4 (01:11:30):
You were that close from that world being completely different.

Speaker 3 (01:11:33):
So that's why I don't get why Ford says that
there's a lack of government support for it. I mean,
there has quite a bit.

Speaker 1 (01:11:38):
A lot of government a lot of government support, and
it just I would I would argue that Ford has
just been kind of pathetic at it. We'll be back
with two more segments of The Money Matter Show. We
thank you for joining this.

Speaker 4 (01:11:51):
Welcome back to the Money Matter Show. My name is Todlick.
I'm here with David Sherwood and so Bashion Borsini, Hey,
I think we had an interesting earnings report of Williams
Snoma this week. You want to talk about it crazy.

Speaker 1 (01:12:02):
I have friends that work at Pottery Barn, which is
owned by Williams Sonoma, and there's been a lot of
housing related retail that has been talked down because of
this housing slowdown. And but I when I talk to
my friends, they have been super busy. I don't busier

(01:12:22):
than they've ever been at Pottery Barn and Williams Sonoma
and what's the other one? And I can never think
of the name new Elm, New something else, New Elm
whatever or whatever it is. We westerm thank you, That's
what I can never think of the name. Busier than
they've ever been. I thought, well, maybe that's just Tucson
because so many people are moving here from other parts

(01:12:43):
of the country. Maybe it's just just here that that's
going on. Stock was languishing right man, off to the races.
Stock I don't even remember, don't even know have the
percentage on it, but stop jumped to a new all
time high on Wednesday twenty seven and a half or
twenty seven and a half percent in one day now

(01:13:03):
stocks like that. That's like Target or Walmart or Costco
jumping like that. Stocks like that don't move like that
twenty seven percent in one day on the back of
a strong Orange report, an increased sales forecast, and a
one billion dollar stock buy back program.

Speaker 3 (01:13:22):
Oh that's I had a lot to do with it.
Luxury home goods set. It's luxury home goods.

Speaker 1 (01:13:29):
Not so much. That's restoration hardware.

Speaker 3 (01:13:32):
You don't think that will more?

Speaker 1 (01:13:34):
No, I think it's certainly a lot of people buy
a nice thing, say Pottery Barn in West Elms. This
is not you know, some discount purnture store. These are
They're expensive. It's expensive stuff, but it's not restoration hardware.
Restoration hardware is another level restoration hardware. You look at
a coffee table, it's five thousand bucksing, Are you kidding?

Speaker 3 (01:13:56):
Are you kidding?

Speaker 1 (01:13:56):
Really? I can get that Target for fifty bucks.

Speaker 4 (01:13:59):
I think it's funny. I haven't heard like five of
these places you're talking about right now.

Speaker 1 (01:14:02):
You haven't heard of them.

Speaker 4 (01:14:03):
No, I must not be a big shopper. Where do
you buy your furniture American furniture Warehouse. I get the
furniture warehouse up on the freeway.

Speaker 1 (01:14:13):
Yeah.

Speaker 4 (01:14:14):
Well yeah, well originally I bought it by but they
just they just moved into that one.

Speaker 1 (01:14:17):
Yeah, yeah, yeah, buy your house.

Speaker 4 (01:14:19):
That's yeah. I already had my furniture from my old house,
but I'm saying that originally I bought it from them
up in Phoenix.

Speaker 1 (01:14:24):
U huh, Yeah, I just I think I I understand
the concern about slowing in the housing market affecting. Sure,
when Williams affecting Stanley Black and Decker Lowell's home depot Williams, Sonoma.
But then they have the stock spike twenty seven percent
in one day, it's completely unheard of.

Speaker 4 (01:14:47):
Well, I think Home DEEPO had a pretty good response too.

Speaker 1 (01:14:51):
They did.

Speaker 4 (01:14:52):
Maybe it's not necessarily that people not buying homes, so
they're buying things for their current home.

Speaker 1 (01:14:57):
You guys heard of Stanley Drunken Miller.

Speaker 4 (01:14:59):
Yeah, I have heard of him.

Speaker 1 (01:15:01):
Stanley Drunken Miller is warn Buffett junior.

Speaker 4 (01:15:05):
Maybe definitely up there.

Speaker 1 (01:15:07):
Seventy one years old versus Warrens ninety four. I guess
it's seventy one year young in that world, younger than Trump, right, Yeah, yeah,
I mean there's so many people out there that are
in their seventies and eighties. They are just killing it.

Speaker 3 (01:15:22):
I mean, yeah, I mean you should be out I
was gonna say, what the heck, David.

Speaker 1 (01:15:25):
I don't know why I'm not out there. I'm stuck
in behind his microphone. It should be.

Speaker 4 (01:15:30):
Running for Congress so you can place those trades int.

Speaker 1 (01:15:33):
You should probably say, have political hair, right, you might
be able to.

Speaker 4 (01:15:37):
Yeah, until the scandals come out, and then you're done.

Speaker 1 (01:15:40):
Oh yeah, what's the scandals? I don't even know what
we were talking about. Oh. Existing home sales, get this. Sales
have previously owned homes rose three point four percent from
September to October, according to the National Association Realtors, two
point nine percent higher than last year, same period last year.

(01:16:02):
And I'm thinking this is existing home sales right last
year as there were no existing homes to be sold,
so that you're higher than last year. Is that really
a meaningful number? I mean, is that a meaningful number?
I don't think so. I get you know, they often
say you can make numbers do anything, and I think

(01:16:22):
that's a good, good example.

Speaker 4 (01:16:24):
Well, something that you can't make do anything, but without
some pretty big sentiment behind the president is Trump Trump's
second presidency could fuel nuclear energy and uranium demand because
the president elects pick for the Energy Secretary hints at
his plans for nuclear power. So if that happens, you know,
there's a vice president uranium mining company, Uranium Energy Corps

(01:16:48):
says the fundamentals behind the supply and demand of uranium
have never been more bullish.

Speaker 1 (01:16:52):
And get this Trump's pick you just mentioned Chris Wright.
Chris Wright is the CEO of oil equipment exploration company
Liberty Energy and is on the board of nuclear startup.

Speaker 4 (01:17:05):
Oh, and that's probably why Oaklow was up.

Speaker 3 (01:17:10):
Had a great week this week.

Speaker 1 (01:17:11):
Yeah, yeah, yeah, And he's been a denier of climate
change in the global crisis. That is, no climate change.
Stop it. Oh, de fossils anyway, that's that's.

Speaker 4 (01:17:21):
The nuclear ETF had a huge week again, that thing
is up nine percent on the week.

Speaker 1 (01:17:26):
And ETF again, that's trading with the Trump's pick. And
I just think that's yeah, you gotta be careful with that.

Speaker 4 (01:17:32):
But nuclear we've been talking long before Trump, and obviously
you need the president elect. You know, if it Kamla
got in, it probably wouldn't have been.

Speaker 1 (01:17:40):
Good for nuclear. No, no, I get it.

Speaker 4 (01:17:41):
But nuclear is really good for like everyone, and so
I really think we've been needing this for a while.
I hope it goes through. And uh, you know that
that's that space is very underinvested.

Speaker 1 (01:17:54):
It is, and it seems like there is a resurgence
in nuclear in this country. It seems like there might
be an appetite for it.

Speaker 4 (01:18:03):
People hate those windmills, They hate the solar panels, they
really do. They cover up the land, they make everything
look terrible, and uranium so much safer.

Speaker 1 (01:18:12):
And I really think Todd that that if we could
get a resurgence in nuclear in this country and do
it safely, which I think we can, that it could
be a new day, a new day, especially for you guys,
for young people.

Speaker 4 (01:18:26):
Oil comes down, Yep, everything gets.

Speaker 1 (01:18:29):
Cheaper, yep, everything's cleaner. It really has a lot of potential,
and it does look like we may be giving into
a place where that's going to work.

Speaker 4 (01:18:38):
And I think the only reason we also have and
we've talked for some of the reasons why nuclear has
been under investor for so long, there's some geopolitical risks,
but also oil is a big player, right and you know,
the oil industrial complex, and we talk about these different
industrial complexes all the time. But it's true when you
have a lot of power in the world, because you
have a lot of money, you can stop things from
taking place. Like there's a famous story about the I

(01:19:01):
think there was an electric car a long long time
ago that got killed long before, Like it could have
been already in the market years and years ago, but
it got killed by the big players. They didn't want
to have that competition enough. But you have all these
different things throughout where indust like for example, JP Morgan

(01:19:22):
way back in the nineteen hundreds invested in who Thomas Edison,
who's the more famous one, instead of who Nikola Tesla.
Nicola Tesla had a different energy source system that would
have been very abundant and free to people. Thomas and
Edison's that doesn't make money and it doesn't make money.
So what did JP Morgan do? Invest in the person
that's gonna make money. And that's the same thing with oil.

(01:19:42):
Oil makes a lot of people a lot of money.
They don't want to see that stop. And that's I
think why this space has been under invested as well
for the periods.

Speaker 1 (01:19:50):
How people get away from Stanley Drunken Miller, I don't know,
let's talk about I don't know where we've made that.

Speaker 3 (01:19:55):
I know you said that you forgot where you were at,
and then you started talking about just in whom.

Speaker 1 (01:20:00):
All right, Well, I think you're right.

Speaker 4 (01:20:02):
I'm right about me Stanley.

Speaker 1 (01:20:05):
Stanley is seventy one versus Warren's ninety four. And it's
kind of interesting because the guy runs a lot of money,
and it's kind of interesting to like, Warren moves the market.
Warren's buying this or selling that the market will move.
Stanley not so much. But I think that's that could
be coming. But it is interesting a guy that has
this kind of experience and runs these kinds of dollars,

(01:20:28):
billions of dollars what he's doing with his money, and
this is kind of interesting. He's been buying kr. KR
is the regional bank ETF. And I looked at it,
and I said, because he thinks Trump's deregulation could really
help the regional banks. That makes sense, pretty good thinking.
So I looked at the major bank ETF which has

(01:20:50):
been hitting new all time highs, and the regional bank
ETF is still twenty percent off of the all time high.
Oh for it, what's worth if you miss if you,
if you, if banks are a part of your investment thesis,
Stanley thinks KI is the place to be.

Speaker 4 (01:21:07):
I've thought that this for a while. Regional banks and
you know, they can't compete with the big guys because
they have more regulations put on them for the loans
that they're allowed to put out versus the big guys,
And so the big guys can loan out on riskier loans,
which you can't compete against. I mean, Dean has talked

(01:21:29):
about this. He used to be on the board of
a bank, and that bank you just can't compete. They
had to end up selling to someone else because and
they got about out because of that same nature. You
just cannot compete with the big guys because you are
playing by a different rule book than the big guys.

Speaker 1 (01:21:43):
Are you absolutely? Are? You? Absolutely are? I thought this
is kind of interesting. On Tuesday, ation r block dropped
eight percent. Do you guys see this into it had
a tough day. That was the worst day for ach
r block since the pandemic. Trump's transition team said it's
considering creating a free tax filing app.

Speaker 3 (01:22:07):
It's gonna be horrible.

Speaker 1 (01:22:08):
I can't even imagine but I mean, as Americans, we
spend an awfully lot of money, billions, billions of dollars
trying to calculate how much money we need to send
to the government. Would it be nice if there was
an easy way to do that, if you could actually
go online, go to an app, and and fill that out.

(01:22:29):
Then there's a lot of people whose taxes are very simple,
who have to pay hundreds of dollars to someone to
put the information in the right blank. It makes you beat,
you look doubtful.

Speaker 3 (01:22:43):
I think the website's gonna suck. I think too many
people are gonna go on it. It's gonna look like
the fucks mobile app.

Speaker 1 (01:22:50):
Well, it's a government website, so what do you want?

Speaker 3 (01:22:51):
That's what I mean. It's gonna look horrible. So I'm
not even gonna be able to access it.

Speaker 1 (01:22:55):
So Warner Brothers Discovery finally got a little bit of
love this week. It was off from AT and T
and it's been been dead money for years. Suddenly, rallied
twenty five percent in the last three months, moved higher
on Monday after the media conglomerate reached the settlement with
the NBA over allegations of breach of contract when it

(01:23:15):
was spent off from AT and T. I advice clients
to hang on to it is very small part of
their portfolio because I thought all of the consolidation in
the streaming industry would probably get they'd probably get caught
up in that. You'd probably get a bid, maybe make
fifty seventy five percent on very little money. It was.
It was a small spin off, and it just has

(01:23:37):
been laying there, like if this was your EKG, you
would not be happy. Okay, if you're looking at this
chart and it was your EKG, it's not good news.
But just suddenly within the past month or so, up
twenty five percent, and talk of consolidation, talk of different programming.

(01:23:58):
Content is so important. Every but he talks about content
is critical. We saw Netflix get a boost because people
are willing to actually watch commercials to have access to
their content. So we've got one more segment. We'll be
back right after this break. Thanks again for joining this.

Speaker 3 (01:24:15):
Welcome back to the Money Matter Show. My name is
Sebastian Borerseni. I'm here with Todd click Junior David Sherwood,
and we are on the last segment of the Money
Matter Show.

Speaker 4 (01:24:22):
Well, there's the interesting thing I saw this week when
I was talking with the client about the differences between
changing industries, and this one client mentioned Iron Mountain. Iron
Mountain is a paper shredding company.

Speaker 1 (01:24:33):
And then storage company.

Speaker 4 (01:24:34):
Actually they do a lot of shredding as well for papers.
And it's like one of those parallels where you can
see what's the opposite of using paper DOCKU dock you
sign right, and so well, if you have some Iron
Mountain shares, take half of that, put a doc tig right,
someone's gonna win in there. It's probably going to be
the new technology over a long period of time. Another

(01:24:56):
example what we've already seen take place Netflix Blockbuster. If
you took half your Blockbuster stock at the time Netflix
came out and put it in Netflix and bet on
both industries, you would have turned out really good, happy.

Speaker 1 (01:25:08):
Yeah. That's probably the worst business decision in the history
of business decisions, Blockbuster passing on acquiring Netflix. Yeah yeah,
or probably the single most ridiculous or not ridiculous, the
single biggest error anyone's ever made in business.

Speaker 4 (01:25:27):
Like one single error for sure. I think the only
thing else that rivals that is that the multitude of
errors that the Apple present CEO made when Steve Jobs
left and almost ran that company to the ground.

Speaker 1 (01:25:39):
But the Blockbuster did run there, Yeah, they did run. Yeah,
I get Speaking of Netflix, you talk.

Speaker 4 (01:25:45):
About real quick, I was gonna say, also about like
CVS and Walgreens, what's the opposite of that Amazon? Like
I most if I was at my age twenty years ago,
I probably do go to Walman to pick up some
of the stuff that I ordered from Amazon now, right,
But that's gonna same with you, probably, David, you get
Amazon boxes all the time. You probably might have actually
went to a brick and mortar at one point to

(01:26:07):
get that stuff, and you probably actually did. You are
only the other way to get.

Speaker 1 (01:26:10):
It, no question.

Speaker 4 (01:26:11):
So it's like seeing both of the industries and saying, okay,
well they're connected one there's a change here, well that
change to take place, There's no certainty, but we've seen
the trends that a lot of things have gone digital.
So being able to take some of those legacy companies
and being able to put some of that money into
the new stuff helps diversify you around just being into Eventually,

(01:26:33):
like if you were just staying in standard oil for
the last one hundred years, you missed out on a lot,
but one hundred years ago it was the best stock
to be in. Yeah, you know, right, So you have
to be able to change with the times.

Speaker 1 (01:26:45):
I've said over the past a few weeks that if
you want to do a financial plan with you guys,
that this is a good time to get in because
the holidays people tend to be doing other things. You
guys were slammed this week. I guess people paid attention
to what we said. Huh. Yeah.

Speaker 3 (01:27:00):
I think we did what five six financial planning meetings,
a couple different proposal meetings.

Speaker 4 (01:27:04):
Yeah, it was a busy week for sure, and a
lot of risk analyzing as well on portfolios to help
see the tax drag you know, expense ratios, the risk
of each portfolio that the stress tests the portfolio goes
through in comparison to the S and P and things
like that.

Speaker 3 (01:27:18):
And I think the tax drag portion of the risk
analyzing tools is really cool, really cool for especially for
those big accounts, so that you know, you come in,
you give us the holdings and it's like you're totally
invested in mutual funds and you're paying up to one
percent in fees.

Speaker 1 (01:27:33):
You'll see that a lot of times with a managed
account where people are charging you a fee to manage
holding that are charging you a fee. We don't hold
mutual funds for that reason. We have the Vanguard Money
Market Fund is the only mutual fund we have, and
that's because they're paying five and or four and a
half percent and our clearing firm is paying point eight. Oh,

(01:27:54):
we're going to have four and a half better than
point eight.

Speaker 4 (01:27:56):
And also the expense ratio is like point one one.

Speaker 1 (01:27:58):
Yeah, nothing, nothing, it's nothing. So that's but you guys
have been so busy, busy, don't what's the biggest concern
you're hearing anything any theme?

Speaker 3 (01:28:06):
Social Security is getting cut.

Speaker 1 (01:28:08):
Yeah, that's ridiculous.

Speaker 3 (01:28:09):
I'm just kidding. That's probably not the biggest one. The
biggest one, I'd say is like the over extension of
this rally. People were questioning it.

Speaker 1 (01:28:17):
It's one of the most unloved rallies in history, it
really is. It's a very unloved rally. That's I hear it.
Last week, Todd, you talked about the big fight you
were all excited for turned out to be a big bust.

Speaker 4 (01:28:30):
But it also wasn't busted in terms of financial.

Speaker 1 (01:28:32):
Though the only winners were the two boxers and Netflix.

Speaker 4 (01:28:35):
And Netflix yeah, Netflix shareholders. Yeah. And I was watching
this and the thing that stood out to me, and
this was before the fight even really took place. Jerry
Jones went onto the Tyson fight and he says, I'm
really excited about Netflix. And just so if people don't
know this, this fight was held at at and T Stadium,
Jerry's World, right, So Jerry Jones is there, owner Dallas Cowboys,

(01:28:57):
one of the most influential owners in the NFL, and
he was on Netflix saying, I'm really excited about Netflix,
the future of NFL and Netflix together. We have our
first Netflix NFL game this year, which is the Chiefs
and the I believe the Raiders on Christmas Day. That
market because of the global nature of their audience base
and what does the NFL want to do expand globally.

(01:29:20):
I think it's a perfect connection there and I think
that will eventually turn into a synergistic relationship in the future.
And that's why I think we've seen some of the
games we've seen out of Netflix lately.

Speaker 1 (01:29:31):
It was the most streamed global sporting event ever.

Speaker 3 (01:29:37):
That Mike Tyson, Yes, oh my God.

Speaker 1 (01:29:40):
The most stream and it was a bust, that big bust.

Speaker 4 (01:29:42):
So just imagine if you have NFL, which everyone loves,
not everyone, but a lot of people love, right, and
you can start getting that global At presence, it could
be interesting.

Speaker 3 (01:29:52):
I just worry about the global adoption of it because
why hasn't it happened already basketball? You've seen in China
people love basketball, people love the NBA. Well we see
that in the NFL.

Speaker 1 (01:30:00):
Well.

Speaker 4 (01:30:00):
Also, if you think about how do you consume NFL
here in America, If you don't have the Sunday ticket,
you don't and there's a lot of regulation put on it.
So that's what NFL is trying to get around. They
want to make it more accessible to the everyday person
because that's ultimately how you grow adoption.

Speaker 3 (01:30:17):
In turn, you're gonna get huge, huge contracts for these players, right.

Speaker 4 (01:30:22):
I mean, the old legacy cable system allowed Netflix to
I mean allowed NFL to use the NFL Sunday ticket,
and it did makes sense. But at this point with
the streaming world, the NBA is way ahead of the NFL,
you know, and I think that's the big difference.

Speaker 3 (01:30:38):
Have you watch the NBA now, it's just on anything.

Speaker 4 (01:30:41):
It's pretty much on anything. But you can get League
Pass anywhere and it's drastically cheaper.

Speaker 1 (01:30:46):
The NBA seems like it's not a lot.

Speaker 4 (01:30:48):
China loves NBA too, that's a oh yeah. NBA did
a huge push into China. That's why a couple of
years ago some of the high end NBA players where
you know, they like, for example, the Rock Gets they
said something bad about China, and China was like, what'd
you just say? And then they had to take they
had to take it back, you know, so they're they're yeah, NBAS.

Speaker 1 (01:31:08):
A little beholden.

Speaker 3 (01:31:08):
It's kind of NBA might be owned by China at
this point.

Speaker 1 (01:31:13):
And a name that that a couple of years ago
you couldn't give away Robin Hood, right, it was kind
of fading into oblivion. It's tripled over the last twelve months.
It's a financial services platform, if you don't know, tripled
over the last twelve months, up more than eight percent
to a three year high on Monday, after Needham upgraded
this fact to a buy. Firm believes and again here

(01:31:35):
we go. Firm believes changes that the sec under Trump
will lead to more product launchers from the company. Piper
Sandler also became more bullish on the name, with an
updated price reflecting about a ten percent gain off of
Friday's close higher on Wednesday after the company announced they've
acquired trade PMR to boost this advisory category. So this

(01:31:59):
kind of thing, Todd you were talking about, where get
Gensler out of the way, the sec gains Aler out
the way. It's not just bitcoin, it's regulations in general.

Speaker 3 (01:32:10):
Robin Hood has done a really good job at really
pushing people onto their platform given incentives. They got something
coming out it's called like a gold credit card, And
essentially what you're gonna be able to do is, you know,
every swipe that you every purchase that you make, you're
gonna get three percent back, and that with that three
percent rewards points, you could go straight into your robbin
hood account and buy stock with it. Talking about it,
you could buy fractional shares. Even so, it's I think

(01:32:33):
that's pretty incentivizing. I would think about doing that myself.

Speaker 1 (01:32:36):
Yeah, younger person that wants to a lot of people
use robin Hood.

Speaker 4 (01:32:40):
Yeah, it's in general three percent cash back is it
three percent?

Speaker 3 (01:32:43):
It's very generous, and it's just the accessibility of it's
already into my brokerage account. I could go and buy
Apple stock ors T get it straight into the S
and P five hundred. It's kind of anything.

Speaker 1 (01:32:54):
Wow.

Speaker 3 (01:32:55):
And you know, I don't know the exact terms. We'll
see how long the three percent lasts. Four but that's
what they're incentivizing right now.

Speaker 1 (01:33:02):
A lost leader. You think, maybe you think look at
the details.

Speaker 3 (01:33:06):
I think eventually maybe you know, they're not gonna be
able to pay out that three percent fee for everybody,
so you end up doing like what Apple does. Apple
card does one percent back at grocery stores and two
percent back at gases.

Speaker 1 (01:33:17):
And that's my bank of my America right.

Speaker 3 (01:33:19):
Right, So I think eventually you'll probably have to go
that route. But in order to get people onto your platform, yeah,
this is really incentivizing for people. You know, I'm gonna
put I'm gonna jump into a three percent why not?

Speaker 1 (01:33:31):
Yeah? Three percent? Everything is pretty significant. I don't buy
gas anymore, so I forgot about that.

Speaker 4 (01:33:38):
You can't put your energy bill on your credit card.

Speaker 1 (01:33:41):
I'm sorry.

Speaker 4 (01:33:41):
You gotta put your energy bill on your credit card?

Speaker 1 (01:33:43):
Which energy bill?

Speaker 4 (01:33:45):
House energy bill?

Speaker 1 (01:33:46):
Oh you talk about my electric bill?

Speaker 3 (01:33:48):
Yeah?

Speaker 4 (01:33:49):
Yeah, yeah, But other you have another energy bill.

Speaker 1 (01:33:52):
Well there's okay, water is energy, gas is energy.

Speaker 4 (01:33:55):
You're gonna tell me on particular, all of these.

Speaker 1 (01:33:59):
Things are energy. Which intergey, are you talking about the
energy to run my car? No, but that's the typical
where you get one three percent and I can pick
the category that I get three percent on, and not surprisingly,
dining out is what I pick, since we get takeout

(01:34:20):
every night.

Speaker 3 (01:34:21):
And I think Robin and like TD your marriag trade
for example, they used to have a really cool think
or swim platform. I'm pretty sure it's still around. It
is still around, just owned by Charles Schwab. Now Robinhood
is coming out with their desktop version of a trading platform.

Speaker 4 (01:34:35):
Trading View is better than all of them.

Speaker 3 (01:34:37):
No idea what it looks like. It's really Actually you
can't place trades to trading View.

Speaker 4 (01:34:41):
You can, good Joe, yep, you just got to connect
your broker.

Speaker 3 (01:34:44):
How cool is that?

Speaker 4 (01:34:44):
I didn't know that Trading View is the the trade
desk that I use for my analysis on all the
start trating view. Trading View is what it's called. Is
there a subscription for that? Yes, there's a free subscription,
but I pay.

Speaker 1 (01:34:56):
For the consider that a good one. I somebody were so.

Speaker 4 (01:35:01):
And we also use things like shack and analytics and
that's that's how we able to analyze the stocks. And
we're not just going off.

Speaker 1 (01:35:07):
News of of a home gamer. Where do you want
to sign up for that? How would they do that? Oh?

Speaker 4 (01:35:11):
You just go a trading view and it has all
the options.

Speaker 1 (01:35:14):
Tradenview dot comview dot com. Okay, it's a.

Speaker 3 (01:35:18):
Great charting platform. It has all the fundamental analysis there
with it too. I won't say all because you know,
you got to do some work yourself, do some due diligence.

Speaker 4 (01:35:28):
Kind of information on that little thing.

Speaker 1 (01:35:29):
If your home gamer would be something to look at
to something that Todd who is a professional uses, and
it's always nice to know what tools, uh, people who
do it for a profession use. And we've coming to
the end of the Money Matter show. We missed the
Greenberg's but we'll get we'll get over it. We wish
everyone out there a super happy Thanksgiving. Weather sounds like

(01:35:51):
it's going to be perfect, and we want to be happy.
We want to be healthy. Greenberg Financial, we really want
to be profitable. You're excellent

All Episodes

Episode Transcript

Popular Podcasts

The Breakfast Club

Dateline NBC

Decisions, Decisions

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Market Pulse: Navigating Trends and Opportunities

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}The Breakfast Club

Dateline NBC

Decisions, Decisions

All Episodes

Market Pulse: Navigating Trends and Opportunities

The Breakfast Club