Episode Transcript
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Speaker 1 (00:01):
Hello in the world. Was poor little lamp as sweet
a young child as you'd find her parents had gone
to them. I liked this song, Sach, what are you
playing for the audience? Some Bobby Darren nice? I like that. Hello, folks,
(00:25):
good morning. Here we are the first day of March,
January and February behind us. In February wasn't a great
month for the markets. But listen, you know, not every
day is going to be a great day. Some days
you get snow, some days you get gray skies, some
days you get rain. But most of the time the
markets are up more than they're down. I'm Stephen Bouchet,
(00:48):
certified financial planner, and I'm live. I'm here with you today.
I believe we have twenty twenty very talented and capable
professionals that support me and help me with the radio.
But this weekend you have me, Stephen Bouchet, And if
you have any questions, any questions whatsoever, please feel free
(01:09):
to call me. The phone mines are open. Sach Harro
is my longtime producer, and I are here one eight
hundred talk WGY one eight hundred eight two five five
nine four nine. That's one eight hundred eight two five
fifty nine forty nine, any questions whatsoever. So, you know,
(01:31):
I heard this morning that Pope Francis may have had
a little setback. And you know, I've been saying prayers
for Pope Francis. I think he's really a good guy.
He's compassionate, he cares for people, he came from humble beginnings,
and I actually, you know, I've kept this quiet, but
I'll share it with you. I'm scheduled to have a
(01:54):
private meeting with the Pope right after Easter, and I
hope that I'm still able to have a private meeting
with the Pope. My prayers for the Pope onunt for
me to be able to have that private meeting. But
just because I think he's he's he's done a pretty
good job. So prayers go out to Pope Francis. So
(02:16):
as I said, the phone lines are opened. One eight
hundred eight two five five nine four nine. So this
past week, what did we have. We had a lot
of stuff going on, you know, cap by by a
very tense meeting with President Trump and President Zelenski. But
we started out the week Germany's Christian Democrats, led by
(02:39):
Frederick Murse, won federal elections. Coalition talks began on Friday.
The US supported Russia on a United Nations Resolution vote
on Ukraine. President Trump wants to try to bring peace
to that war and kind of ended settling by negotiating
(03:00):
with both Ukraine and Russia. There will be some good
give and take. Good negotiations means that not everybody walks
away with everything they want. Sometimes you have to give.
That's the give and take of negotiating. So President Trump
is trying to settle that warrant. I hope he does.
Too many people, just too many people affected by it.
(03:23):
And I am not a big fan of sending hundreds
and hundreds and hundreds of billions of dollars over to Ukraine.
The last I read a report where they don't know
where half the money went to. So that's concerning. Listen,
we have some cities in this great country of ours
that look worse than Ukraine, and we can use some
(03:46):
help as well. President Trump threatened tariffs on China in
Europe and said Levi's on Mexico and Canada would begin
on March fourth. Listen, folks, I know a lot of
people are worried about this, but once again President Trump
uses tariffs to negotiate. At the end of the day,
he wants to get what's best, what's fair for the
(04:06):
good old USA. And I'm pretty sure that I'm not
as worried about the tariffs. I think that at the
end of the day we will come out on top.
I know that it's a sensitive topic for a lot
of people. A lot of people get nervous and worry
about the tariffs. But as I said, I think that
(04:28):
will come out better for it. You know, I'm not
as worried. I'm more optimistic than not. You know, both
the US stocks and crypto sold off. The S and P,
you know, it's off four point six almost five percent
from the high on February nineteenth for the week to
(04:50):
dial up er point ninety five percent. But the S
and P, which is a better benchmark of the index,
lost almost one percent. NASDAC fell almost three and a
half percent. So there you have it. It was it
was in a lot of ways. It was a crazy week,
an emotional week, a lot of news, but you know,
(05:12):
we gave a little bit back. And you know, year
to date, the markets are kind of mixed. You have
nasdack down point I'm sorry, down two point four percent,
Nasdaq one hundred is down point six percent. So the
one hundred largest companies of NANSDAK are performing better than
(05:34):
the composite as a whole. So when you buy QQQ,
just to remind you, you're buying the NANSDAK one hundred,
one hundred largest countries. I'm sorry companies. We're talking a
lot about countries, but the hundred largest companies in NASDAC
and that was down point six percent year to date.
The S and P up one point two percent year
(05:56):
to date, the rust of two thousand. You hear me
say this off and on the show. We need those
mid cap and small camp stocks, those companies to do well.
That means that the market rally is broadening out, and
that's down three percent year to date. And for the
first time in a long time, you have the rest
of the world out performing the SMP. So if you
(06:18):
look at the rest of the world, and it's only
fair I share this with you because you know, I'm
a believer in investing exclusively in the United States. I
feel that we can get some good value and we
get a lot of exposure to overseas countries. Just buy
the business that the companies in this great country of ours.
(06:40):
You know, a lot of the megacaps, especially the big Voice,
they're doing so much business overseas that really when you
buy the S and P five hundred index or the
broad Stock Market Index, you're getting representation overseas indirectly. So
I'm not a fan of investing overseas. We've been out
of overseas investor for years and years and years, and
(07:01):
it was a it was really a good thing. So
if you look year to date, for the first time
in a long time, the overseas markets everything but the
United States, so the rest of the world, let's call it,
up five point three percent year to date. And if
you just carve out emerging markets, emerging markets are up
(07:23):
two percent year to date, both outperforming the SMP, which
is only up one point two percent year to date. Gold,
you know, gold hit a high of twenty nine forty seven.
We're going to talk about gold later on in the program.
Right now, Gold ended the week at twenty eight thirty
six announce, up about eight percent year to date, and
(07:45):
crude oil sixty nine almost seventy dollars an ounce, down
almost three percent year to date. So there you have it.
Those are the those are the big markets. The only
market that I didn't give you, the only index I
didn't give you was the bond in decks, which is
you're to date up one point four to nine percent.
So the bond indcks is up one point four to
(08:07):
nine percent year to date and the yield is about
four point two four point three percent on the US
ten year treasury. You know, I like to quote the
US ten year Treasury because I feel it's really the benchmark.
It's like the S and P for stocks. It's it's
the benchmark. And for those crypto fans out there, you
(08:29):
got Bitcoin at you know, just shy of eighty five thousand.
It's off about twenty four percent from the peak. It
hit one hundred and ten thousand. So bitcoin was looking
really really good for a long time and it came down.
You know, for those of you that want to get
into some crypto, listen buying it out of twenty four percent.
(08:51):
This come from the high. I can't sit here and
say it won't go down another five, ten, fifteen, twenty percent.
Crypto is very volatile. It's not for those of you
that are nervous Nelly's because you're going to have some volatility.
But if you think there's a future for crypto, then
you know, getting in crypto at eighty four eighty five
thousand there's a whole lot better than getting in the
(09:13):
crypto at one hundred and ten thousand. So there you
have it, folks. Those are the big indexas for the
returns for the week, year to date and also for
the month of February. As I said, the in Texas,
the stock in Dexas were down one eight hundred eight
(09:33):
two five five nine four nine, one eight hundred eighty
two five fifty nine forty nine. If you have any questions,
give me a call. I'm going to take a quick
fifteen second break. Don't go anywhere. Hello, I'm back, folks.
(10:02):
Thanks for letting me wet my whistle. As they say,
the phone lines are open. If you have any questions,
give me a call. One eight hundred eighty two five
five nine four nine, any questions whatsoever. Love love, love
to talk to you. You know. One of the biggest
you know, listen, the biggest and maybe even controversial stocks
(10:24):
in the the indexes is Tesla. You know, Tesla is
is really taking it on the chin. You know, it's
had a great run for for a long time. But
you're to date, you know, Tesla, Tesla is you know,
(10:46):
is is not doing good. And it's so I've got
almost forty percent I think since election day. So right
now you're to date, it's down about twenty seven eight percent.
And you know, Elon Musk, listen, I'm not here to
talk politics, I really not. I don't like talking politics.
(11:07):
But Elon Musk obviously is close to President Trump and
he's you know, looking to restructure the US government, heading
up those which there's nobody, nobody, nobody unless you're a
worker who does nothing and you know it kind of
sits home and doesn't want to come back into the office,
(11:28):
which they are requiring. Along with most corporations across this
great land of ours, most corporations are killing the working
remotely scheduled. They want people back in the office. A
lot of companies like mine have hybrid schedules where we
allow our folks to work, you know, like every Friday,
(11:49):
my folks work remotely because they do a great job.
This way, they don't have to fight traffic on Friday,
being one of the busier days during rush hour. Folks
do an amazing job working remotely. We grasp working remotely
right from the beginning days of COVID five years ago. Now,
I think it was March twenty third that we went
(12:13):
remotely and we set up all of our colleagues with
all the tools that takes. Our colleagues work is productively
in front of their computers in the office as they
do in front of the workstations we set up for
them in their home. And I'm very, very okay with
them working remotely. Our clients are well served. But a
(12:35):
lot of corporations Amazon, JP, Morgan, and even the US
government are requiring people to come back into the office.
They don't want people working remotely anywhere. They feel that
collaborating and having people in the office will be more
productive for work than not. So you got you know
Elon Musk, We know he's heading up those and he's
(12:58):
looking to save about or I should say, trim about
a trillion dollars off our deficit. Folks. That's that's important. Listen,
we're thirty six trillion dollars in debt as a nation,
thirty six trillion. There's twelve zeros at the end of
a trillion thirty six trillion dollars in debt, and we
(13:19):
are running a deficit every year. That means we spend Listen,
the US government is no different than you and I.
If we make let's say fifty thousand dollars a year
and we're spending sixty thousand dollars a year, well, that
extra ten thousand that we're spending has to come from somewhere.
So you're borrowing it on credit cards, you're taking money
(13:41):
out of your equity of your home and taking remortgage
in your home. But somehow you're financing that that extra
money that you're spending above and beyond what you're earning,
and that just means you're going further in debt. Well,
that's what the government's doing. So we're running a deficit
every year. And we can't continue running a deficit like
(14:03):
we are. Listen, as great as we are, and even
though we have the capabilities of printing money, it's not
good for us to continue to print money. It's not
good whatsoever. So that's really what President Trump has asked
Elon Must to do is cut down on the deficit.
And he's going to save he figures about a trillion dollars,
(14:25):
and that's important so Tesla investors are really trying to
get their bearers. You got Elon Musk, who's one very
brilliant and very eccentric, and obviously I don't think the
man works harder than anybody I know of I should
say I do think the man works harder than anybody
I know. I don't think he sleeps. So Tuesday, shares
(14:51):
went down eight point four percent after disappointing sales data
from Europe, fed by the belief that Musks local activities
were hurting demand. A lot of people are very political,
and I wish people wouldn't be political. There's really no need,
no room for people to be political, to separate friendships,
(15:13):
to have a wedge put in between people over politics.
You need to be open minded, you need to just
kind of you know, I like to listen and sometimes
listen I may have an opinion, but listening to somebody
who has a different opinion. There's nothing wrong with that, folks.
(15:33):
And when it comes to politics, why can't we do that? So,
you know, some people feel that Elon Musk being involved
with this administration, it's not good. So Tesla sold only
ninety nine hundred cars in January in Europe. Down forty
five percent from the prior January. Even as European electric
(15:54):
vehicle sales rose thirty seven percent, Tesla's market camp fell
low with trillion dollars. The stock is down, as I said,
about thirty seven percent from its record closing high of
forty eight I'm sorry, four hundred and eighty dollars on
December seventeenth, shredding about five hundred and seventy billion in
(16:17):
market cap. That's some serious money. And it's off twenty
nine percent since Donald Trump's January twentieth inauguration. It's cost
Mosk himself about one hundred and forty billion dollars in network.
The good news is relative shares are up, so there's
always you know, there's this if you look for light,
(16:41):
you'll be able to find lights. So shares are up
twenty seven percent since the company's October tenth robo Taxi Day.
When Tesla talked up plans for self driving taxi in
twenty twenty five, hopes were fueled by the belief that
Trump would speed US self driving effort. I'm not so sure.
(17:01):
You may have your own opinion. I'm not so sure.
I want to hop in a car where it's driving itself.
You know, some people say it's safer, but you know
there's I would have to get used to it, I guess.
I guess that's the best way of putting it is.
I would I would have to get used to it.
So I'm not so sure I'd be running out there
(17:24):
hopping in that car that drives itself. One eight hundred
eighty two five five nine four nine one eight hundred
eighty two five fifty nine forty nine. If you have
any questions, any questions whatsoever, folks, give me a call.
Love to talk to you about what's on your mind.
Financially speaking, See if I can get your pointed in
(17:46):
the right direction, give you some help, guidance, maybe give
you a second opinion. If you're working with an advisor,
confirm that the advisor you're working with is doing a
good job or not, and it's okay. Listen, listen. You
may not want to hear it if if there's there's
(18:07):
reason to worry, but you should hear it because with
more information you'll be able to make better decisions. And
that's what I'm here to try to do. If you're
managing your own portfolio, give me a call. You know,
I'll be able to maybe help you. One eight hundred
eighty two five five nine four nine. Any questions whatsoever,
(18:29):
you know, give me a call. One eight hundred eighty
two five fifty nine forty nine. So on Friday, you know,
the markets tried to rally, but it wasn't enough for
for for to get the markets out of the February
hole that they were in. All three major indexes had
(18:49):
losses for the month. The NASDAC down four percent for
the month, Russell two thousand was down even lower. Investors
have you know, worked their way through earnings season and
a mounting pile of data suggesting that the US economy
is slowing. On the last day of the month, being Friday,
the last trading day in the month, US stocks seesaw
(19:13):
we As I said, by now, you should have seen
the news that there was a real test the exchange
in the Oval Office between President Trump and Ukraine's President Zelenski.
That Trump basically came out and told Zelenski he's gambling
with World War three. So major in Dexas had climbed
(19:35):
about a half a percent in the morning before going
lower when President Trump pressured Zelensky to wind down his
country's war against Russia, and the Ukrainian leader left the
White House without signing a mineral rights deal that we
thought was going to be signed. He didn't even have lunch.
(19:58):
Trump made him literally escorted him right out of the
White House and the lunch that they had planned and
the press conference right off the table. So Trump wasn't
fooling around with Stelensky. And I know this is a
very emotional meeting because some people feel that Trump was rude.
Some people feel that Trump was, you know, basically trying
(20:20):
to be a leader to settle this war. The sooner
we can get Russian Ukraine to stop fighting, the sooner
we get all those soldiers to stop dying, and all
of the towns and villages to stop being, you know,
just devastated. So I'm all in favor of Russian Ukraine
(20:40):
coming together. And as they said, Ukraine and Russia, they
may not get what they want entirely, but at the
end of the day, they should be better off by
not having this war carry on. Eighty two five nine
four nine, Give me a call any questions. Let's go
to the phone line where we have Sue on hold.
(21:02):
Good morning, Sue, Hi see, good morning.
Speaker 2 (21:07):
Thank you for taking the time out UH to talk.
I had a question about your thoughts on pharmacustical stock.
Speaker 1 (21:16):
I see things so up and down.
Speaker 2 (21:19):
Particularly Lily where it goes up and goes down, and
any thoughts on where that might go in the future
and what you think about with Parma stop.
Speaker 1 (21:32):
Yeah, so far, healthcare really was the third best. There's
eleven sectors in the SMP. Sue, I'm gonna have sach
put you on hold because there's some noise coming through.
But there's eleven sectors in the s and P, healthcare
being one of them. And the best performing sector this
week was financials up two point eight percent, followed by
(21:54):
real estate believe it or not, up to point one
three percent. Healthcare was the third best performing sector out
of the eleven, up one point seventy four percent. A
lot of healthcare companies are really going through a lot,
especially with RFK Junior, who was a Democrat who is
now leading the healthcare march in this country. You know,
(22:19):
a lot of companies are fearful that he's going to
kind of make some changes, and I'm all in favor
of us being healthy again. I've had more conversations this
past week about just you know, just compare Europe to
this great country of ours. How come if you go
(22:40):
into a supermarket in Europe you have absolutely no no
junk food like you have in this country you have
you don't have the aisles and aisles and aisles of
soda and doritos and potato chips and just process foods.
How come in Europe McDonald's has three ingredients in their
(23:02):
French fies potato salt, potato oil, whereas in this country,
McDonald's has seventeen ingredients. I'm going to take a quick
break for the news, so stay on hold. I'll pick
up on the other side of the news and we'll
talk more about pharmaceuticals. So you're listening to Let's talk money,
(23:23):
brought to you by Bouchet and Andrew, where we help
our clients prioritize their health while we manage their wealth
for life. Folks, the phone lines are open. If you
have any questions, any questions whatsoever, give me a call.
I would love to talk to you one eight eight
two five, five, nine four nine. I'll see you right
after the news. See some love Ustans on gold and
(24:00):
oh Zach, you're doing a good job with the music today.
Hello folks, thank you for hanging in through the news,
and thank you for tuning in today. I can't thank
you enough for tuning in every Saturday at ten, every
Sunday at eight, and this weekend. I'm with you. I
have some really, really dynamic colleagues who do the radio
for me. I've been doing the radio. This is my
(24:21):
thirtieth year doing the radio. Thirty five years in business,
but thirty years doing radio, and I love doing it.
I love I get energized knowing that I'm helping the
listening audience, and that really charges me up. It's my
way of giving back. I try my best to get
back in so many ways, and this is my way
(24:43):
of helping the listening audience, you know, kind of think
outside the box, maybe get them started. And if you
have any questions, give me a call. The phone lines
are open. One eight hundred eight two, five five nine
four nine one eight hundred eighty two five fifty nine
forty nine. So Soon called just before the news break
asking about pharmaceuticals, why they're getting kind of kicked around,
(25:07):
and you got some legal settlements and investigations. Glaxcow's the
Smith line agreed to pay up the two point two
billion to settle approximately eighty thousand US state courses. You
have Astrozenica faces a class action lawsuit in the US
investigations by Chinese authorities. You got some regular tongue tied
(25:31):
regulatory reviews and contract uncertainties with Maderna had a stock
decline of five percent after reports that the US Department
of Health and Human Services is reviewing its five hundred
and ninety million contract for developing a bird flu vaccine.
And I saw a news story yesterday. This bird flu
(25:53):
is the real thing. That's why you're paying so much
for eggs. There's a lot of chickens that aren't that
that have to be put down because of bird flu.
You got some market dynamics and competition suit. West Pharmaceutical
Service assaults stock drop by thirty three percent due to
lower than expected financial guidance. You got a company like
(26:14):
griff Falls that's got some op operational challenges. Their Spanish
pharmaceutical firm face significant stock declines due to plasmas shortages
during the COVID nineteen pandemic. And I know you asked
kind of specifically about Eli Lilly, So just you know,
(26:34):
in January, you got lower than expected sales forecasts. ELI
Lilly projected fourth quarter sales of its weight loss drug
sept Bound zept Bound at one point nine billion, falling
short of Wall Streets and expectations of two point oh
eight billion. You've got seasonal demand patterns. You got Analysts
(26:57):
have identified a seasonal trend in the demand for GLP
dash one, which is a weight loss drug like zep
Bound and similar to gym memberships. There is a surge
and new patient sign ups in the first half of
the year because everybody wants to get into bikini you know,
into their bikinis and Canadian speedos, so they want to
(27:20):
look good. They don't want to have that tummy. You
got to increased competition with Eli Willie. The weight loss
drug market is becoming increasingly competitive. Novo nor Disc, a
key competitor, has been promoting its own GOLP dashboard drug
and that's impacting ELI Lily's market share. And last but
(27:41):
not least, she got operational challenges. ELI Lily has surged
or has supplied constraints affecting the availability of its weight
loss medications. So there you have it. If you look
at healthcare, though, as I said, for the weak healthcare
has done well, and Eli Lily year to date with
(28:02):
all of that, it's still up twenty percent. Healthcare itself
is up eight percent. And if you want to look
over five years, suit you have you have ELI Lily
up about ah about six hundred percent, and you have
(28:22):
healthcare up only sixty percent compared to the S and
P up one hundred percent. So the SMP doubled over
the last five years. ELI Lily in its own did
much better. But the healthcare sector and the healthcare sector,
if you want to take all of the companies in
the SMP that are healthcare like companies, the symbol for
(28:46):
that is x l V. And you know I'm a
proponent if you want to get into healthcare, and if
you think healthcare is the place to be, XLV is
the way to buy it. It's basically carving out all
all the healthcare companies in the S and P five
hundred index. So Illy Lilly Eli Lily makes up twelve
(29:07):
percent of that index. United Health makes up almost ten percent,
Johnson and Johnson seven, ab V six, MRK almost five,
Thermo Fisher four point twenty five, ABBOD four point one
four Intuitive Surgical almost four, am Jen just shy of three,
(29:28):
the same with Boston scientifics. So those are the top
ten companies. And it's a nice way of playing Eli Lilly.
You know, you buy XLV, twelve percent of that sector
is invested in Eli Lilly. So there you have it. Healthcare,
as I said, over the last five years, has underperformed
the market. Over the last year, it's done a little
(29:51):
bit better than the market, and year to date it's
done a lot better than the market. And Eli Lilly
has really done better. That's why some pharmaceuticals are taking
in on the gin. And as I started out saying,
you have Robert Kennedy Junior kind of heading up the
healthcare initiative in this country and he's not fooling around.
(30:13):
He wants to make America healthy again, and he's not
you know, I think you're going to see a lot
of changes a lot of companies. Why should they be
able to feed the US consumer chemicals and dies and
stuff that just I'm a big believer, folks. Listen. You know,
(30:36):
I had a rough year last year, and I'm a
big believer that it's the food we put in our
bodies that causes a lot of illnesses that we have.
I truly believe that in my heart, this has nothing
to do with politics. To be honest, I could care
less about politics. It has all to do with why
(30:58):
in Europe are they healthier? Why do people just look healthier?
You don't have the obesity rate that you have in
this country. It's because of the foods they eat. They
don't have as much chemicals and junk in them. And
why do we have so many processed foods? And you
(31:19):
know why is it allowed? It's allowed because the US
consumer gets lazy. They may not want to cook or
go to the farmer's market, or may not be able
to afford that. We sell them cheap junk foods. And
you got kids that are just drinking soda like it's water.
(31:40):
And I think in a don't get me, don't hold
me to this, but I forget exactly how many tea
spoons of sugar in a serving a soda, But it's
a lot. It's like just taking sugar and swallowing it.
So pharmaceuticals, I'm saying thing. You know, lot of a
(32:01):
lot of drug companies are are on edge because of
the changes that may be coming down the pike and
I think those changes hopefully will be healthy. So there
you have it. So one eight hundred eighty two five
five nine four nine. One eight hundred eight two five
fifty nine forty nine. Any questions whatsoever, give me a call.
(32:22):
I would love, love, love to talk to you, get
your pointed in the right direction if I may, and
you know, help you out with with with your financial questions.
One eight hundred eighty two five five nine four nine.
So I kind of had a treat this week and
I posted it on social media, and I know I
(32:44):
upset a couple of people, a couple of people that
are near and dear to me, a couple of people
that I truly love and respect, and I just it
broke my heart thinking that that that I upset them
with my posting. And you know, long story short, I
spend a lot of time, a lot of resources. I
(33:04):
spend a lot of money giving back to communities that
I feel do good for people, especially people in need.
And I actually supported a organization called Hometown Foundation, and
I always believe in supporting causes that make a real
difference in people's lives. My recent involvement with Hometown Foundation,
(33:30):
which is an organization out of Connecticut in South Florida
was no exception. They're working helping children with special needs, which,
as you know from listening to the show, I have
two brothers with special needs, so just that in itself
hit home with me. They also there's the rescuing dogs,
(33:50):
and I couldn't believe the number of dogs rescued just
from the disasters, the North Carolina floods, the fires and
LA and so many others. And you know, rescuing dogs
pets is a big thing. Helping veterans with some rescue dogs,
(34:12):
supporting families in need. You know, that's something I deeply
care about, will always stand behind. So what I did was,
you know, I was asked to, you know, and it
was a treat for me. I got screened by the
Secret Service and I had a little, you know, sports
car that they wanted to be shown on the front
(34:36):
lawn of mar A Lago. Now, this gala just happened
to be at mar A Lago. Trump had absolutely nothing
to do with it. He wasn't there, and there's no
ties between this foundation and President Trump. So I wasn't
there because I'm a Donald Trump fan. I was there
because of the cause. This was never ever a politics.
(35:00):
It was about making a positive impact. I'm not registered
in any political party. I'm what they call a blank.
The great Senator Joe Bruno, who I was very close to,
called me a blank. I thought he liked me. I
looked at him. God bless his soul, I said, Senator,
(35:21):
I thought you liked me. He says, I do. Steve,
I like you a lot. That's why you have a
private parking spot down in the Capitol. And I used
to visit him once a week, and I used to
love the way he was and talk about somebody who
was healthy. He told me, Steve, when they talk about
me being unhealthy, thell know I'm unhealthy when I start
taking the elevator instead of walking the stairs to my office.
(35:43):
But anyway, that's when I found out it was a blank.
I always thought I was an independent. I always thought
I was registered as an independent. And I found out
that I'm not a Republican. I'm not a Democrat. I'm
not even an independent. I'm a blank. So I'm not
registered in any political party. I've never used any of
my platforms to make any political statements whatsoever. The event
(36:06):
happened to be held at Maar a lago and my
participation was solely about supporting a great cause that helps
those in need. And I believe me, I appreciate and
respect all of the diverse perspectives people bring to the table.
I'm grateful for the open conversations that allow us to
learn from one another. At the end of the day, Kindness, compassion,
(36:30):
community are what truly matter. That's what I live by,
That's what I'm all about. So you know me, Happiness
Support organization who does a lot of good for people,
had nothing to do with politics. And as I said,
it broke my heart that I had some people that
I was close to that I think I hurt their
(36:51):
feelings and I can't apologize to them enough. You know,
I just I'm just a big believer in giving back politics.
I don't like talking politics. I'm just a big believer
in giving back one eight hundred eighty two five five nine,
four nine, one eight hundred And it was pretty special. Listen,
(37:13):
when you get to drive your car up on the
lawn tomorrow, lago and you got the Secret Service watching you,
and you know, screening you, and you know it was
pretty special. I have to say what eight hundred eighty
two five, five, nine, four nine. So, you know, speaking
of President Trump, you got investors, as they said, you know,
(37:37):
the the the markets were, the major in Dexaes were down,
the SMP for the week down almost one percent, Nasdaq
one hundred down three point four, the NASDAC Composite as
a whole down almost three point five. You know, all
(37:57):
of the all of the major in DEXes down for
the week, and you got investors still struggling. The gauge
of Trump will go ahead this coming week with terrors
on allies, which include Canada and Mexico. So Trump's not
mincing words given the onslaught in Trump's trade you know
(38:18):
pronouncements in recent weeks. The President said he would place
an extra ten leve on Chinese imports next month. Beijing
said on Friday it would retaliate with its own measures
that could threaten to pull the world's two biggest economies
into a deepening trade war. So you know, you got
(38:41):
a lot going on. Some investors are nervous, some investors
are optimistic. I think there's more reason to be optimistic
than not. This coming week, we're going to have the
jobs report on Friday. We'll see what happens with that.
You know, I think that the jobs report is you know, big.
(39:07):
We're putting people to work, you know, even through as
we bring inflation down from just over nine percent now
it's down under three percent, we're getting closer to the
FED target rate of two percent. So that's good news
for the markets. The corporate America companies are earning profits.
(39:30):
That's good news for the market. And I'm just I
know consumer sentiment is down, really really down, but there's
there's a lot of people. Remember, you know, going back
to the first half of the show, what I said
about Elon Musk and those there's a lot of people
(39:53):
that are going to be out of work. So you know,
Elon Musk is on the government side, is going to
kind of cut out a lot of the a lot
of the waste, let's say. But folks, remember you hear me,
give the statistic. Often there's more job openings openings than
there are people looking for jobs. So anybody who wants
(40:16):
a job in this great country of ours, folks, there's
jobs for them. They may not be jobs that they
want to do, but there's jobs for them. Anybody who
wants a job can go to work. So you know,
it really comes down to, you know, come on, you
got to get off the couch. It's time to you know,
(40:41):
put your chest out, keep your head high and be proud.
Go out there and look for a job. If you're
out of a job, there's jobs out there. So I
am more optimistic than not with regards to where the
market's headed. And you know, they taking a little cooling
off period allows investors to the opportunity of reshuffling their portfolios,
(41:02):
getting a mix of investments that they like. If you
got some dogs, it's a good time to get rid
of the dogs, get into some areas that might have
been a little bit more expensive now they're a little
bit cheaper. I hate the work cheap, but that's the
best way of putting it. So there's you know, there's
there's good reason to be optimistic. In my mind anyway,
(41:26):
I'm optimistic, and I'm as you know from listening to
the show. I'm invested just like my clients are, and
I'm one hundred percent invested in the stock market. I
have absolutely no problems with the stock market. Over time,
stocks by far are better performing asset class than any
other asset class. One eight hundred eighty two, five, five, nine,
(41:48):
four nine one eight hundred eighty two, five fifty nine
forty nine any asset class, whatsoever, Stocks have always done
well in that stake. So what's an asset class? You
have stocks, you have bonds, you have real estate, you
have commodities like gold, and you have cash. Those are
really the most popular as a classes. Well, let's just
look at stocks and bonds. So in any one given year,
(42:13):
if you go back to nineteen fifty through twenty twenty four,
in any one given year, stocks in any one given
year through that seventy four year period would have been
down thirty seven percent. In one year. We know what
year that was because it's in recent times. Two thousand
and eight, the stock market was down thirty seven percent,
but in any one given year, stocks were up fifty
(42:36):
two percent. Now look at bonds. For those of you
that didn't think that bonds could go down, in any
one given year over those last seventy four years, bonds
would have been down thirteen percent, and the best year
for bonds is up thirty three percent. So bonds are
volatile as well. Investors put bonds in the portfolio because
(42:59):
they think they're safer bett than stocks. But as proven
by that statistic, bonds can have bad days as well.
And then if you take a sixty forty portfolio and
I like a sixty forty portfolio in any giving year,
your worst worst thirty worst portfolio for stocks, and a
(43:21):
sixty forty portfolio down twenty percent, your best up thirty
four percent. So over time, give me stocks all day long.
It's a pretty good asset class, knowing the volatility that
comes with it. Let's go back to the phone lines.
We have Tom on hold. Hello Tom, Hey, good morning, Steve.
Speaker 2 (43:41):
How are you.
Speaker 1 (43:42):
I'm doing good? What can I help you with? Hey?
A couple of things.
Speaker 2 (43:47):
First of a comment, if I made listen, you are
such an awesome gentleman. I love listening to you. Don't
apologize to your friends and those that you feel, you
know related to your mar Lago trip. You know, the
softening of America has just reached a point where listen,
you're doing great things, supporting great causes. The location shouldn't
(44:09):
offend people, but we know it does. But hats off
teams for being such a kind gentlemen.
Speaker 1 (44:14):
Well, thank you, Tom. You know I try not to
offend anybody, and these people are close to me, and
I love them feeling comfortable enough to tell me that
I upset them. But when I tell you, these people
mean a lot to me, they do. They just have beliefs.
They thought I was there for Trump, and it had
nothing to do with Trump. It had to do with
the causes that this foundation supported, special needs kids, rescued pets,
(44:40):
families in need, families of fall in law enforcement officers.
These are all causes near and dear to my heart.
And the only thing that I didn't cover was cancer,
which I support differently. So I was there just for
the causes. It just happened to be at mar Lago.
But thank you Tom for those words. What can I
help you with this morning? All right?
Speaker 2 (45:01):
A couple of questions for you. So when I look
through returns, and I agree with you, I love stocks.
I think that's such an amazing asset allegation and.
Speaker 1 (45:10):
Class to be in.
Speaker 2 (45:12):
My question for you is, you know, I look at
like the A General S and P five hundred index funds,
and I find it so hard to find a lot
of other managed funds that you know, steadily beat the
S and P five hundred. What's your going on that? Like,
you know, what's your belief on you know, trying to
(45:34):
beat the S and P or a good basic S
and P five hundred index fund. Is that a core
to to anyone's allegations and plan.
Speaker 1 (45:44):
Yeah, No, it's a great question. I talk about it
often on the show. We managed one point five billion dollars.
That's a lot of money. We manage on behalf of
our clients. We're a firm really, just a firm that
that were the quiet ones in the country. Charles Schwab
(46:05):
puts US in the top five percent of all wealth
management firms. And I think it's because the investments I've
made in technology for our clients and for us to
better serve our clients, and the investment I've made in
human capital to support our clients. So our returns have
been stellar in managing one point five billion dollars all
(46:25):
of it. Our top two holdings are Apple and Amazon,
and it's because they are the only two individual stocks
that we own. But out of the one point five
billion we are other than individual bonds that we buy
on behalf of our larger clients. We can't buy them
for all clients, but we buy them on behalf of
our larger clients. We are one hundred percent invested in
(46:48):
exchange traded funds, and mostly we follow a lot of indexes.
The XLB is just a sector that I gave out earlier.
A good sector, but it's hard to figure out. You
know how to pick the best performing healthcare company. So
(47:08):
you buy a sector and you get all great companies
and the top ten are going to account for most
of it. Twelve percent of XLV is Eli Lilly, which
has been a great company, and sixty five to eighty
five percent of the time, depending on what timeframe you
look at, active managers do not outperform their respective benchmarks.
(47:29):
And I always say, when you're looking at a stock benchmark,
look at the S and P five hundred, not the
doal Jones industrial leverage, because the dal Jones industrial leverage
only has thirty stocks. The SMP has five hundred. And
this is why a lot of investors, when they have
stockbrokers buying and selling stocks, I encourage them to sit down,
(47:52):
especially as we enter this new year. We're into our
third month of the new year. Have your advisor show
you how your portfolio did compared to the benchmark and
what are they invested in. I'm proud to say that
my advisors and myself are invested in the same investments
that my clients are. Thanks Tom, Dave, and Delmar you
(48:13):
got to call back tomorrow. Folks. You're listening to Let's
Talk Money, brought to you by Bouchet and Andrew, where
we help our clients prioritize their health while we manage
their wealth for life. I can't thank you enough for
tuning in today. I'll be back tomorrow morning eight am.
Any questions that you have go to our website Bouchet
dot com to learn more about us. Have a great day, folks.
(48:33):
Bye bye,
Hello in the world. Was poor little lamp as sweet
a young child as you'd find her parents had gone
to them. I liked this song, Sach, what are you
playing for the audience? Some Bobby Darren nice? I like that. Hello, folks,
(00:25):
good morning. Here we are the first day of March,
January and February behind us. In February wasn't a great
month for the markets. But listen, you know, not every
day is going to be a great day. Some days
you get snow, some days you get gray skies, some
days you get rain. But most of the time the
markets are up more than they're down. I'm Stephen Bouchet,
(00:48):
certified financial planner, and I'm live. I'm here with you today.
I believe we have twenty twenty very talented and capable
professionals that support me and help me with the radio.
But this weekend you have me, Stephen Bouchet, And if
you have any questions, any questions whatsoever, please feel free
(01:09):
to call me. The phone mines are open. Sach Harro
is my longtime producer, and I are here one eight
hundred talk WGY one eight hundred eight two five five
nine four nine. That's one eight hundred eight two five
fifty nine forty nine, any questions whatsoever. So, you know,
(01:31):
I heard this morning that Pope Francis may have had
a little setback. And you know, I've been saying prayers
for Pope Francis. I think he's really a good guy.
He's compassionate, he cares for people, he came from humble beginnings,
and I actually, you know, I've kept this quiet, but
I'll share it with you. I'm scheduled to have a
(01:54):
private meeting with the Pope right after Easter, and I
hope that I'm still able to have a private meeting
with the Pope. My prayers for the Pope onunt for
me to be able to have that private meeting. But
just because I think he's he's he's done a pretty
good job. So prayers go out to Pope Francis. So
(02:16):
as I said, the phone lines are opened. One eight
hundred eight two five five nine four nine. So this
past week, what did we have. We had a lot
of stuff going on, you know, cap by by a
very tense meeting with President Trump and President Zelenski. But
we started out the week Germany's Christian Democrats, led by
(02:39):
Frederick Murse, won federal elections. Coalition talks began on Friday.
The US supported Russia on a United Nations Resolution vote
on Ukraine. President Trump wants to try to bring peace
to that war and kind of ended settling by negotiating
(03:00):
with both Ukraine and Russia. There will be some good
give and take. Good negotiations means that not everybody walks
away with everything they want. Sometimes you have to give.
That's the give and take of negotiating. So President Trump
is trying to settle that warrant. I hope he does.
Too many people, just too many people affected by it.
(03:23):
And I am not a big fan of sending hundreds
and hundreds and hundreds of billions of dollars over to Ukraine.
The last I read a report where they don't know
where half the money went to. So that's concerning. Listen,
we have some cities in this great country of ours
that look worse than Ukraine, and we can use some
(03:46):
help as well. President Trump threatened tariffs on China in
Europe and said Levi's on Mexico and Canada would begin
on March fourth. Listen, folks, I know a lot of
people are worried about this, but once again President Trump
uses tariffs to negotiate. At the end of the day,
he wants to get what's best, what's fair for the
(04:06):
good old USA. And I'm pretty sure that I'm not
as worried about the tariffs. I think that at the
end of the day we will come out on top.
I know that it's a sensitive topic for a lot
of people. A lot of people get nervous and worry
about the tariffs. But as I said, I think that
(04:28):
will come out better for it. You know, I'm not
as worried. I'm more optimistic than not. You know, both
the US stocks and crypto sold off. The S and P,
you know, it's off four point six almost five percent
from the high on February nineteenth for the week to
(04:50):
dial up er point ninety five percent. But the S
and P, which is a better benchmark of the index,
lost almost one percent. NASDAC fell almost three and a
half percent. So there you have it. It was it
was in a lot of ways. It was a crazy week,
an emotional week, a lot of news, but you know,
(05:12):
we gave a little bit back. And you know, year
to date, the markets are kind of mixed. You have
nasdack down point I'm sorry, down two point four percent,
Nasdaq one hundred is down point six percent. So the
one hundred largest companies of NANSDAK are performing better than
(05:34):
the composite as a whole. So when you buy QQQ,
just to remind you, you're buying the NANSDAK one hundred,
one hundred largest countries. I'm sorry companies. We're talking a
lot about countries, but the hundred largest companies in NASDAC
and that was down point six percent year to date.
The S and P up one point two percent year
(05:56):
to date, the rust of two thousand. You hear me
say this off and on the show. We need those
mid cap and small camp stocks, those companies to do well.
That means that the market rally is broadening out, and
that's down three percent year to date. And for the
first time in a long time, you have the rest
of the world out performing the SMP. So if you
(06:18):
look at the rest of the world, and it's only
fair I share this with you because you know, I'm
a believer in investing exclusively in the United States. I
feel that we can get some good value and we
get a lot of exposure to overseas countries. Just buy
the business that the companies in this great country of ours.
(06:40):
You know, a lot of the megacaps, especially the big Voice,
they're doing so much business overseas that really when you
buy the S and P five hundred index or the
broad Stock Market Index, you're getting representation overseas indirectly. So
I'm not a fan of investing overseas. We've been out
of overseas investor for years and years and years, and
(07:01):
it was a it was really a good thing. So
if you look year to date, for the first time
in a long time, the overseas markets everything but the
United States, so the rest of the world, let's call it,
up five point three percent year to date. And if
you just carve out emerging markets, emerging markets are up
(07:23):
two percent year to date, both outperforming the SMP, which
is only up one point two percent year to date. Gold,
you know, gold hit a high of twenty nine forty seven.
We're going to talk about gold later on in the program.
Right now, Gold ended the week at twenty eight thirty
six announce, up about eight percent year to date, and
(07:45):
crude oil sixty nine almost seventy dollars an ounce, down
almost three percent year to date. So there you have it.
Those are the those are the big markets. The only
market that I didn't give you, the only index I
didn't give you was the bond in decks, which is
you're to date up one point four to nine percent.
So the bond indcks is up one point four to
(08:07):
nine percent year to date and the yield is about
four point two four point three percent on the US
ten year treasury. You know, I like to quote the
US ten year Treasury because I feel it's really the benchmark.
It's like the S and P for stocks. It's it's
the benchmark. And for those crypto fans out there, you
(08:29):
got Bitcoin at you know, just shy of eighty five thousand.
It's off about twenty four percent from the peak. It
hit one hundred and ten thousand. So bitcoin was looking
really really good for a long time and it came down.
You know, for those of you that want to get
into some crypto, listen buying it out of twenty four percent.
(08:51):
This come from the high. I can't sit here and
say it won't go down another five, ten, fifteen, twenty percent.
Crypto is very volatile. It's not for those of you
that are nervous Nelly's because you're going to have some volatility.
But if you think there's a future for crypto, then
you know, getting in crypto at eighty four eighty five
thousand there's a whole lot better than getting in the
(09:13):
crypto at one hundred and ten thousand. So there you
have it, folks. Those are the big indexas for the
returns for the week, year to date and also for
the month of February. As I said, the in Texas,
the stock in Dexas were down one eight hundred eight
(09:33):
two five five nine four nine, one eight hundred eighty
two five fifty nine forty nine. If you have any questions,
give me a call. I'm going to take a quick
fifteen second break. Don't go anywhere. Hello, I'm back, folks.
(10:02):
Thanks for letting me wet my whistle. As they say,
the phone lines are open. If you have any questions,
give me a call. One eight hundred eighty two five
five nine four nine, any questions whatsoever. Love love, love
to talk to you. You know. One of the biggest
you know, listen, the biggest and maybe even controversial stocks
(10:24):
in the the indexes is Tesla. You know, Tesla is
is really taking it on the chin. You know, it's
had a great run for for a long time. But
you're to date, you know, Tesla, Tesla is you know,
(10:46):
is is not doing good. And it's so I've got
almost forty percent I think since election day. So right
now you're to date, it's down about twenty seven eight percent.
And you know, Elon Musk, listen, I'm not here to
talk politics, I really not. I don't like talking politics.
(11:07):
But Elon Musk obviously is close to President Trump and
he's you know, looking to restructure the US government, heading
up those which there's nobody, nobody, nobody unless you're a
worker who does nothing and you know it kind of
sits home and doesn't want to come back into the office,
(11:28):
which they are requiring. Along with most corporations across this
great land of ours, most corporations are killing the working
remotely scheduled. They want people back in the office. A
lot of companies like mine have hybrid schedules where we
allow our folks to work, you know, like every Friday,
(11:49):
my folks work remotely because they do a great job.
This way, they don't have to fight traffic on Friday,
being one of the busier days during rush hour. Folks
do an amazing job working remotely. We grasp working remotely
right from the beginning days of COVID five years ago. Now,
I think it was March twenty third that we went
(12:13):
remotely and we set up all of our colleagues with
all the tools that takes. Our colleagues work is productively
in front of their computers in the office as they
do in front of the workstations we set up for
them in their home. And I'm very, very okay with
them working remotely. Our clients are well served. But a
(12:35):
lot of corporations Amazon, JP, Morgan, and even the US
government are requiring people to come back into the office.
They don't want people working remotely anywhere. They feel that
collaborating and having people in the office will be more
productive for work than not. So you got you know
Elon Musk, We know he's heading up those and he's
(12:58):
looking to save about or I should say, trim about
a trillion dollars off our deficit. Folks. That's that's important. Listen,
we're thirty six trillion dollars in debt as a nation,
thirty six trillion. There's twelve zeros at the end of
a trillion thirty six trillion dollars in debt, and we
(13:19):
are running a deficit every year. That means we spend Listen,
the US government is no different than you and I.
If we make let's say fifty thousand dollars a year
and we're spending sixty thousand dollars a year, well, that
extra ten thousand that we're spending has to come from somewhere.
So you're borrowing it on credit cards, you're taking money
(13:41):
out of your equity of your home and taking remortgage
in your home. But somehow you're financing that that extra
money that you're spending above and beyond what you're earning,
and that just means you're going further in debt. Well,
that's what the government's doing. So we're running a deficit
every year. And we can't continue running a deficit like
(14:03):
we are. Listen, as great as we are, and even
though we have the capabilities of printing money, it's not
good for us to continue to print money. It's not
good whatsoever. So that's really what President Trump has asked
Elon Must to do is cut down on the deficit.
And he's going to save he figures about a trillion dollars,
(14:25):
and that's important so Tesla investors are really trying to
get their bearers. You got Elon Musk, who's one very
brilliant and very eccentric, and obviously I don't think the
man works harder than anybody I know of I should
say I do think the man works harder than anybody
I know. I don't think he sleeps. So Tuesday, shares
(14:51):
went down eight point four percent after disappointing sales data
from Europe, fed by the belief that Musks local activities
were hurting demand. A lot of people are very political,
and I wish people wouldn't be political. There's really no need,
no room for people to be political, to separate friendships,
(15:13):
to have a wedge put in between people over politics.
You need to be open minded, you need to just
kind of you know, I like to listen and sometimes
listen I may have an opinion, but listening to somebody
who has a different opinion. There's nothing wrong with that, folks.
(15:33):
And when it comes to politics, why can't we do that? So,
you know, some people feel that Elon Musk being involved
with this administration, it's not good. So Tesla sold only
ninety nine hundred cars in January in Europe. Down forty
five percent from the prior January. Even as European electric
(15:54):
vehicle sales rose thirty seven percent, Tesla's market camp fell
low with trillion dollars. The stock is down, as I said,
about thirty seven percent from its record closing high of
forty eight I'm sorry, four hundred and eighty dollars on
December seventeenth, shredding about five hundred and seventy billion in
(16:17):
market cap. That's some serious money. And it's off twenty
nine percent since Donald Trump's January twentieth inauguration. It's cost
Mosk himself about one hundred and forty billion dollars in network.
The good news is relative shares are up, so there's
always you know, there's this if you look for light,
(16:41):
you'll be able to find lights. So shares are up
twenty seven percent since the company's October tenth robo Taxi Day.
When Tesla talked up plans for self driving taxi in
twenty twenty five, hopes were fueled by the belief that
Trump would speed US self driving effort. I'm not so sure.
(17:01):
You may have your own opinion. I'm not so sure.
I want to hop in a car where it's driving itself.
You know, some people say it's safer, but you know
there's I would have to get used to it, I guess.
I guess that's the best way of putting it is.
I would I would have to get used to it.
So I'm not so sure I'd be running out there
(17:24):
hopping in that car that drives itself. One eight hundred
eighty two five five nine four nine one eight hundred
eighty two five fifty nine forty nine. If you have
any questions, any questions whatsoever, folks, give me a call.
Love to talk to you about what's on your mind.
Financially speaking, See if I can get your pointed in
(17:46):
the right direction, give you some help, guidance, maybe give
you a second opinion. If you're working with an advisor,
confirm that the advisor you're working with is doing a
good job or not, and it's okay. Listen, listen. You
may not want to hear it if if there's there's
(18:07):
reason to worry, but you should hear it because with
more information you'll be able to make better decisions. And
that's what I'm here to try to do. If you're
managing your own portfolio, give me a call. You know,
I'll be able to maybe help you. One eight hundred
eighty two five five nine four nine. Any questions whatsoever,
(18:29):
you know, give me a call. One eight hundred eighty
two five fifty nine forty nine. So on Friday, you know,
the markets tried to rally, but it wasn't enough for
for for to get the markets out of the February
hole that they were in. All three major indexes had
(18:49):
losses for the month. The NASDAC down four percent for
the month, Russell two thousand was down even lower. Investors
have you know, worked their way through earnings season and
a mounting pile of data suggesting that the US economy
is slowing. On the last day of the month, being Friday,
the last trading day in the month, US stocks seesaw
(19:13):
we As I said, by now, you should have seen
the news that there was a real test the exchange
in the Oval Office between President Trump and Ukraine's President Zelenski.
That Trump basically came out and told Zelenski he's gambling
with World War three. So major in Dexas had climbed
(19:35):
about a half a percent in the morning before going
lower when President Trump pressured Zelensky to wind down his
country's war against Russia, and the Ukrainian leader left the
White House without signing a mineral rights deal that we
thought was going to be signed. He didn't even have lunch.
(19:58):
Trump made him literally escorted him right out of the
White House and the lunch that they had planned and
the press conference right off the table. So Trump wasn't
fooling around with Stelensky. And I know this is a
very emotional meeting because some people feel that Trump was rude.
Some people feel that Trump was, you know, basically trying
(20:20):
to be a leader to settle this war. The sooner
we can get Russian Ukraine to stop fighting, the sooner
we get all those soldiers to stop dying, and all
of the towns and villages to stop being, you know,
just devastated. So I'm all in favor of Russian Ukraine
(20:40):
coming together. And as they said, Ukraine and Russia, they
may not get what they want entirely, but at the
end of the day, they should be better off by
not having this war carry on. Eighty two five nine
four nine, Give me a call any questions. Let's go
to the phone line where we have Sue on hold.
(21:02):
Good morning, Sue, Hi see, good morning.
Speaker 2 (21:07):
Thank you for taking the time out UH to talk.
I had a question about your thoughts on pharmacustical stock.
Speaker 1 (21:16):
I see things so up and down.
Speaker 2 (21:19):
Particularly Lily where it goes up and goes down, and
any thoughts on where that might go in the future
and what you think about with Parma stop.
Speaker 1 (21:32):
Yeah, so far, healthcare really was the third best. There's
eleven sectors in the SMP. Sue, I'm gonna have sach
put you on hold because there's some noise coming through.
But there's eleven sectors in the s and P, healthcare
being one of them. And the best performing sector this
week was financials up two point eight percent, followed by
(21:54):
real estate believe it or not, up to point one
three percent. Healthcare was the third best performing sector out
of the eleven, up one point seventy four percent. A
lot of healthcare companies are really going through a lot,
especially with RFK Junior, who was a Democrat who is
now leading the healthcare march in this country. You know,
(22:19):
a lot of companies are fearful that he's going to
kind of make some changes, and I'm all in favor
of us being healthy again. I've had more conversations this
past week about just you know, just compare Europe to
this great country of ours. How come if you go
(22:40):
into a supermarket in Europe you have absolutely no no
junk food like you have in this country you have
you don't have the aisles and aisles and aisles of
soda and doritos and potato chips and just process foods.
How come in Europe McDonald's has three ingredients in their
(23:02):
French fies potato salt, potato oil, whereas in this country,
McDonald's has seventeen ingredients. I'm going to take a quick
break for the news, so stay on hold. I'll pick
up on the other side of the news and we'll
talk more about pharmaceuticals. So you're listening to Let's talk money,
(23:23):
brought to you by Bouchet and Andrew, where we help
our clients prioritize their health while we manage their wealth
for life. Folks, the phone lines are open. If you
have any questions, any questions whatsoever, give me a call.
I would love to talk to you one eight eight
two five, five, nine four nine. I'll see you right
after the news. See some love Ustans on gold and
(24:00):
oh Zach, you're doing a good job with the music today.
Hello folks, thank you for hanging in through the news,
and thank you for tuning in today. I can't thank
you enough for tuning in every Saturday at ten, every
Sunday at eight, and this weekend. I'm with you. I
have some really, really dynamic colleagues who do the radio
for me. I've been doing the radio. This is my
(24:21):
thirtieth year doing the radio. Thirty five years in business,
but thirty years doing radio, and I love doing it.
I love I get energized knowing that I'm helping the
listening audience, and that really charges me up. It's my
way of giving back. I try my best to get
back in so many ways, and this is my way
(24:43):
of helping the listening audience, you know, kind of think
outside the box, maybe get them started. And if you
have any questions, give me a call. The phone lines
are open. One eight hundred eight two, five five nine
four nine one eight hundred eighty two five fifty nine
forty nine. So Soon called just before the news break
asking about pharmaceuticals, why they're getting kind of kicked around,
(25:07):
and you got some legal settlements and investigations. Glaxcow's the
Smith line agreed to pay up the two point two
billion to settle approximately eighty thousand US state courses. You
have Astrozenica faces a class action lawsuit in the US
investigations by Chinese authorities. You got some regular tongue tied
(25:31):
regulatory reviews and contract uncertainties with Maderna had a stock
decline of five percent after reports that the US Department
of Health and Human Services is reviewing its five hundred
and ninety million contract for developing a bird flu vaccine.
And I saw a news story yesterday. This bird flu
(25:53):
is the real thing. That's why you're paying so much
for eggs. There's a lot of chickens that aren't that
that have to be put down because of bird flu.
You got some market dynamics and competition suit. West Pharmaceutical
Service assaults stock drop by thirty three percent due to
lower than expected financial guidance. You got a company like
(26:14):
griff Falls that's got some op operational challenges. Their Spanish
pharmaceutical firm face significant stock declines due to plasmas shortages
during the COVID nineteen pandemic. And I know you asked
kind of specifically about Eli Lilly, So just you know,
(26:34):
in January, you got lower than expected sales forecasts. ELI
Lilly projected fourth quarter sales of its weight loss drug
sept Bound zept Bound at one point nine billion, falling
short of Wall Streets and expectations of two point oh
eight billion. You've got seasonal demand patterns. You got Analysts
(26:57):
have identified a seasonal trend in the demand for GLP
dash one, which is a weight loss drug like zep
Bound and similar to gym memberships. There is a surge
and new patient sign ups in the first half of
the year because everybody wants to get into bikini you know,
into their bikinis and Canadian speedos, so they want to
(27:20):
look good. They don't want to have that tummy. You
got to increased competition with Eli Willie. The weight loss
drug market is becoming increasingly competitive. Novo nor Disc, a
key competitor, has been promoting its own GOLP dashboard drug
and that's impacting ELI Lily's market share. And last but
(27:41):
not least, she got operational challenges. ELI Lily has surged
or has supplied constraints affecting the availability of its weight
loss medications. So there you have it. If you look
at healthcare, though, as I said, for the weak healthcare
has done well, and Eli Lily year to date with
(28:02):
all of that, it's still up twenty percent. Healthcare itself
is up eight percent. And if you want to look
over five years, suit you have you have ELI Lily
up about ah about six hundred percent, and you have
(28:22):
healthcare up only sixty percent compared to the S and
P up one hundred percent. So the SMP doubled over
the last five years. ELI Lily in its own did
much better. But the healthcare sector and the healthcare sector,
if you want to take all of the companies in
the SMP that are healthcare like companies, the symbol for
(28:46):
that is x l V. And you know I'm a
proponent if you want to get into healthcare, and if
you think healthcare is the place to be, XLV is
the way to buy it. It's basically carving out all
all the healthcare companies in the S and P five
hundred index. So Illy Lilly Eli Lily makes up twelve
(29:07):
percent of that index. United Health makes up almost ten percent,
Johnson and Johnson seven, ab V six, MRK almost five,
Thermo Fisher four point twenty five, ABBOD four point one
four Intuitive Surgical almost four, am Jen just shy of three,
(29:28):
the same with Boston scientifics. So those are the top
ten companies. And it's a nice way of playing Eli Lilly.
You know, you buy XLV, twelve percent of that sector
is invested in Eli Lilly. So there you have it. Healthcare,
as I said, over the last five years, has underperformed
the market. Over the last year, it's done a little
(29:51):
bit better than the market, and year to date it's
done a lot better than the market. And Eli Lilly
has really done better. That's why some pharmaceuticals are taking
in on the gin. And as I started out saying,
you have Robert Kennedy Junior kind of heading up the
healthcare initiative in this country and he's not fooling around.
(30:13):
He wants to make America healthy again, and he's not
you know, I think you're going to see a lot
of changes a lot of companies. Why should they be
able to feed the US consumer chemicals and dies and
stuff that just I'm a big believer, folks. Listen. You know,
(30:36):
I had a rough year last year, and I'm a
big believer that it's the food we put in our
bodies that causes a lot of illnesses that we have.
I truly believe that in my heart, this has nothing
to do with politics. To be honest, I could care
less about politics. It has all to do with why
(30:58):
in Europe are they healthier? Why do people just look healthier?
You don't have the obesity rate that you have in
this country. It's because of the foods they eat. They
don't have as much chemicals and junk in them. And
why do we have so many processed foods? And you
(31:19):
know why is it allowed? It's allowed because the US
consumer gets lazy. They may not want to cook or
go to the farmer's market, or may not be able
to afford that. We sell them cheap junk foods. And
you got kids that are just drinking soda like it's water.
(31:40):
And I think in a don't get me, don't hold
me to this, but I forget exactly how many tea
spoons of sugar in a serving a soda, But it's
a lot. It's like just taking sugar and swallowing it.
So pharmaceuticals, I'm saying thing. You know, lot of a
(32:01):
lot of drug companies are are on edge because of
the changes that may be coming down the pike and
I think those changes hopefully will be healthy. So there
you have it. So one eight hundred eighty two five
five nine four nine. One eight hundred eight two five
fifty nine forty nine. Any questions whatsoever, give me a call.
(32:22):
I would love, love, love to talk to you, get
your pointed in the right direction if I may, and
you know, help you out with with with your financial questions.
One eight hundred eighty two five five nine four nine.
So I kind of had a treat this week and
I posted it on social media, and I know I
(32:44):
upset a couple of people, a couple of people that
are near and dear to me, a couple of people
that I truly love and respect, and I just it
broke my heart thinking that that that I upset them
with my posting. And you know, long story short, I
spend a lot of time, a lot of resources. I
(33:04):
spend a lot of money giving back to communities that
I feel do good for people, especially people in need.
And I actually supported a organization called Hometown Foundation, and
I always believe in supporting causes that make a real
difference in people's lives. My recent involvement with Hometown Foundation,
(33:30):
which is an organization out of Connecticut in South Florida
was no exception. They're working helping children with special needs, which,
as you know from listening to the show, I have
two brothers with special needs, so just that in itself
hit home with me. They also there's the rescuing dogs,
(33:50):
and I couldn't believe the number of dogs rescued just
from the disasters, the North Carolina floods, the fires and
LA and so many others. And you know, rescuing dogs
pets is a big thing. Helping veterans with some rescue dogs,
(34:12):
supporting families in need. You know, that's something I deeply
care about, will always stand behind. So what I did was,
you know, I was asked to, you know, and it
was a treat for me. I got screened by the
Secret Service and I had a little, you know, sports
car that they wanted to be shown on the front
(34:36):
lawn of mar A Lago. Now, this gala just happened
to be at mar A Lago. Trump had absolutely nothing
to do with it. He wasn't there, and there's no
ties between this foundation and President Trump. So I wasn't
there because I'm a Donald Trump fan. I was there
because of the cause. This was never ever a politics.
(35:00):
It was about making a positive impact. I'm not registered
in any political party. I'm what they call a blank.
The great Senator Joe Bruno, who I was very close to,
called me a blank. I thought he liked me. I
looked at him. God bless his soul, I said, Senator,
(35:21):
I thought you liked me. He says, I do. Steve,
I like you a lot. That's why you have a
private parking spot down in the Capitol. And I used
to visit him once a week, and I used to
love the way he was and talk about somebody who
was healthy. He told me, Steve, when they talk about
me being unhealthy, thell know I'm unhealthy when I start
taking the elevator instead of walking the stairs to my office.
(35:43):
But anyway, that's when I found out it was a blank.
I always thought I was an independent. I always thought
I was registered as an independent. And I found out
that I'm not a Republican. I'm not a Democrat. I'm
not even an independent. I'm a blank. So I'm not
registered in any political party. I've never used any of
my platforms to make any political statements whatsoever. The event
(36:06):
happened to be held at Maar a lago and my
participation was solely about supporting a great cause that helps
those in need. And I believe me, I appreciate and
respect all of the diverse perspectives people bring to the table.
I'm grateful for the open conversations that allow us to
learn from one another. At the end of the day, Kindness, compassion,
(36:30):
community are what truly matter. That's what I live by,
That's what I'm all about. So you know me, Happiness
Support organization who does a lot of good for people,
had nothing to do with politics. And as I said,
it broke my heart that I had some people that
I was close to that I think I hurt their
(36:51):
feelings and I can't apologize to them enough. You know,
I just I'm just a big believer in giving back politics.
I don't like talking politics. I'm just a big believer
in giving back one eight hundred eighty two five five nine,
four nine, one eight hundred And it was pretty special. Listen,
(37:13):
when you get to drive your car up on the
lawn tomorrow, lago and you got the Secret Service watching you,
and you know, screening you, and you know it was
pretty special. I have to say what eight hundred eighty
two five, five, nine, four nine. So, you know, speaking
of President Trump, you got investors, as they said, you know,
(37:37):
the the the markets were, the major in Dexaes were down,
the SMP for the week down almost one percent, Nasdaq
one hundred down three point four, the NASDAC Composite as
a whole down almost three point five. You know, all
(37:57):
of the all of the major in DEXes down for
the week, and you got investors still struggling. The gauge
of Trump will go ahead this coming week with terrors
on allies, which include Canada and Mexico. So Trump's not
mincing words given the onslaught in Trump's trade you know
(38:18):
pronouncements in recent weeks. The President said he would place
an extra ten leve on Chinese imports next month. Beijing
said on Friday it would retaliate with its own measures
that could threaten to pull the world's two biggest economies
into a deepening trade war. So you know, you got
(38:41):
a lot going on. Some investors are nervous, some investors
are optimistic. I think there's more reason to be optimistic
than not. This coming week, we're going to have the
jobs report on Friday. We'll see what happens with that.
You know, I think that the jobs report is you know, big.
(39:07):
We're putting people to work, you know, even through as
we bring inflation down from just over nine percent now
it's down under three percent, we're getting closer to the
FED target rate of two percent. So that's good news
for the markets. The corporate America companies are earning profits.
(39:30):
That's good news for the market. And I'm just I
know consumer sentiment is down, really really down, but there's
there's a lot of people. Remember, you know, going back
to the first half of the show, what I said
about Elon Musk and those there's a lot of people
(39:53):
that are going to be out of work. So you know,
Elon Musk is on the government side, is going to
kind of cut out a lot of the a lot
of the waste, let's say. But folks, remember you hear me,
give the statistic. Often there's more job openings openings than
there are people looking for jobs. So anybody who wants
(40:16):
a job in this great country of ours, folks, there's
jobs for them. They may not be jobs that they
want to do, but there's jobs for them. Anybody who
wants a job can go to work. So you know,
it really comes down to, you know, come on, you
got to get off the couch. It's time to you know,
(40:41):
put your chest out, keep your head high and be proud.
Go out there and look for a job. If you're
out of a job, there's jobs out there. So I
am more optimistic than not with regards to where the
market's headed. And you know, they taking a little cooling
off period allows investors to the opportunity of reshuffling their portfolios,
(41:02):
getting a mix of investments that they like. If you
got some dogs, it's a good time to get rid
of the dogs, get into some areas that might have
been a little bit more expensive now they're a little
bit cheaper. I hate the work cheap, but that's the
best way of putting it. So there's you know, there's
there's good reason to be optimistic. In my mind anyway,
(41:26):
I'm optimistic, and I'm as you know from listening to
the show. I'm invested just like my clients are, and
I'm one hundred percent invested in the stock market. I
have absolutely no problems with the stock market. Over time,
stocks by far are better performing asset class than any
other asset class. One eight hundred eighty two, five, five, nine,
(41:48):
four nine one eight hundred eighty two, five fifty nine
forty nine any asset class, whatsoever, Stocks have always done
well in that stake. So what's an asset class? You
have stocks, you have bonds, you have real estate, you
have commodities like gold, and you have cash. Those are
really the most popular as a classes. Well, let's just
look at stocks and bonds. So in any one given year,
(42:13):
if you go back to nineteen fifty through twenty twenty four,
in any one given year, stocks in any one given
year through that seventy four year period would have been
down thirty seven percent. In one year. We know what
year that was because it's in recent times. Two thousand
and eight, the stock market was down thirty seven percent,
but in any one given year, stocks were up fifty
(42:36):
two percent. Now look at bonds. For those of you
that didn't think that bonds could go down, in any
one given year over those last seventy four years, bonds
would have been down thirteen percent, and the best year
for bonds is up thirty three percent. So bonds are
volatile as well. Investors put bonds in the portfolio because
(42:59):
they think they're safer bett than stocks. But as proven
by that statistic, bonds can have bad days as well.
And then if you take a sixty forty portfolio and
I like a sixty forty portfolio in any giving year,
your worst worst thirty worst portfolio for stocks, and a
(43:21):
sixty forty portfolio down twenty percent, your best up thirty
four percent. So over time, give me stocks all day long.
It's a pretty good asset class, knowing the volatility that
comes with it. Let's go back to the phone lines.
We have Tom on hold. Hello Tom, Hey, good morning, Steve.
Speaker 2 (43:41):
How are you.
Speaker 1 (43:42):
I'm doing good? What can I help you with? Hey?
A couple of things.
Speaker 2 (43:47):
First of a comment, if I made listen, you are
such an awesome gentleman. I love listening to you. Don't
apologize to your friends and those that you feel, you
know related to your mar Lago trip. You know, the
softening of America has just reached a point where listen,
you're doing great things, supporting great causes. The location shouldn't
(44:09):
offend people, but we know it does. But hats off
teams for being such a kind gentlemen.
Speaker 1 (44:14):
Well, thank you, Tom. You know I try not to
offend anybody, and these people are close to me, and
I love them feeling comfortable enough to tell me that
I upset them. But when I tell you, these people
mean a lot to me, they do. They just have beliefs.
They thought I was there for Trump, and it had
nothing to do with Trump. It had to do with
the causes that this foundation supported, special needs kids, rescued pets,
(44:40):
families in need, families of fall in law enforcement officers.
These are all causes near and dear to my heart.
And the only thing that I didn't cover was cancer,
which I support differently. So I was there just for
the causes. It just happened to be at mar Lago.
But thank you Tom for those words. What can I
help you with this morning? All right?
Speaker 2 (45:01):
A couple of questions for you. So when I look
through returns, and I agree with you, I love stocks.
I think that's such an amazing asset allegation and.
Speaker 1 (45:10):
Class to be in.
Speaker 2 (45:12):
My question for you is, you know, I look at
like the A General S and P five hundred index funds,
and I find it so hard to find a lot
of other managed funds that you know, steadily beat the
S and P five hundred. What's your going on that? Like,
you know, what's your belief on you know, trying to
(45:34):
beat the S and P or a good basic S
and P five hundred index fund. Is that a core
to to anyone's allegations and plan.
Speaker 1 (45:44):
Yeah, No, it's a great question. I talk about it
often on the show. We managed one point five billion dollars.
That's a lot of money. We manage on behalf of
our clients. We're a firm really, just a firm that
that were the quiet ones in the country. Charles Schwab
(46:05):
puts US in the top five percent of all wealth
management firms. And I think it's because the investments I've
made in technology for our clients and for us to
better serve our clients, and the investment I've made in
human capital to support our clients. So our returns have
been stellar in managing one point five billion dollars all
(46:25):
of it. Our top two holdings are Apple and Amazon,
and it's because they are the only two individual stocks
that we own. But out of the one point five
billion we are other than individual bonds that we buy
on behalf of our larger clients. We can't buy them
for all clients, but we buy them on behalf of
our larger clients. We are one hundred percent invested in
(46:48):
exchange traded funds, and mostly we follow a lot of indexes.
The XLB is just a sector that I gave out earlier.
A good sector, but it's hard to figure out. You
know how to pick the best performing healthcare company. So
(47:08):
you buy a sector and you get all great companies
and the top ten are going to account for most
of it. Twelve percent of XLV is Eli Lilly, which
has been a great company, and sixty five to eighty
five percent of the time, depending on what timeframe you
look at, active managers do not outperform their respective benchmarks.
(47:29):
And I always say, when you're looking at a stock benchmark,
look at the S and P five hundred, not the
doal Jones industrial leverage, because the dal Jones industrial leverage
only has thirty stocks. The SMP has five hundred. And
this is why a lot of investors, when they have
stockbrokers buying and selling stocks, I encourage them to sit down,
(47:52):
especially as we enter this new year. We're into our
third month of the new year. Have your advisor show
you how your portfolio did compared to the benchmark and
what are they invested in. I'm proud to say that
my advisors and myself are invested in the same investments
that my clients are. Thanks Tom, Dave, and Delmar you
(48:13):
got to call back tomorrow. Folks. You're listening to Let's
Talk Money, brought to you by Bouchet and Andrew, where
we help our clients prioritize their health while we manage
their wealth for life. I can't thank you enough for
tuning in today. I'll be back tomorrow morning eight am.
Any questions that you have go to our website Bouchet
dot com to learn more about us. Have a great day, folks.
(48:33):
Bye bye,
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