Latest / Earn Your Leisure / Cliff Notes: Will the Bull Market Survive

Transcript

Cliff Notes: Will the Bull Market Survive · Earn Your Leisure

• 0:00
  Speaker 1: Let's talk about the bull market.
• 0:01
  Speaker 2: Is the bull market?
• 0:02
  Speaker 1: Here? Are we in a bull market? And if so,
• 0:08
  Speaker 1: how long will it last? Yeah, it's just something that
• 0:14
  Speaker 1: we should look at because I guess Michael Wilson of
• 0:17
  Speaker 1: Morgan Stanley states that his latest rally is a head
• 0:20
  Speaker 1: fake at forty two hundred level? Is he correct?
• 0:23
  Speaker 3: Or should we continue to buy at this level?
• 0:26
  Speaker 4: I mean I definitely wouldn't buy the S and P
• 0:28
  Speaker 4: five hundred and forty two hundred flat or above because
• 0:32
  Speaker 4: it's a little bit too high. I like to like
• 0:34
  Speaker 4: going back to the seven zel thing. I would like
• 0:36
  Speaker 4: to wait for discounts, but they're pushing us up higher.
• 0:40
  Speaker 4: I mean the SMP opened up this year at thirty
• 0:43
  Speaker 4: nine or nine. We're at forty two sixteen some change.
• 0:47
  Speaker 4: And this is why I always say, like regardless of war, recession, election, scandal,
• 0:54
  Speaker 4: false positives like extinction level events that are being predicted,
• 0:59
  Speaker 4: they are all gonna find ways for the market to
• 1:01
  Speaker 4: go up. That like I always say, the market is
• 1:03
  Speaker 4: rid to go up, and because if not, the number
• 1:07
  Speaker 4: of people that will leave hedgephons and banks are it
• 1:11
  Speaker 4: would bankrupt the country. So that they are gonna find ways. Now,
• 1:14
  Speaker 4: I don't like that there's only maybe thirty or forty
• 1:16
  Speaker 4: companies that are of incredible value to push this up,
• 1:19
  Speaker 4: and it's a lot of the mega caps pushing everything up.
• 1:22
  Speaker 4: But this bull market is here to stay now that
• 1:25
  Speaker 4: I always have said that the stock market is detached
• 1:28
  Speaker 4: from what's going on in the actual economy. There's two
• 1:31
  Speaker 4: different games. They're not a pure reflection of one another.
• 1:35
  Speaker 4: But yeah, the S and P is up. If I
• 1:37
  Speaker 4: look at NASDAK, NASDAK is.
• 1:41
  Speaker 3: Growing too.
• 1:42
  Speaker 4: NAZDAC opened up at eleven thousand, ninety where thirteen forty one.
• 1:47
  Speaker 4: We'll talk about the Japanese market, but the NK opened
• 1:50
  Speaker 4: up at twenty five thousand, nine thirty five this year
• 1:53
  Speaker 4: were thirty one thousand. We're clearly in a bullmarket now
• 1:57
  Speaker 4: will stay. That depends on a few things, and this
• 2:00
  Speaker 4: debt crisis is one of them. But for right now
• 2:04
  Speaker 4: we are up and as stuck right now currently stuck.
• 2:07
  Speaker 2: Yeah, I feel like eight months ago we were talking
• 2:10
  Speaker 2: about what would twenty twenty three look like, when we
• 2:12
  Speaker 2: were talking about, well, we know that interest rates are
• 2:14
  Speaker 2: going to stop rising at some point, and I think
• 2:16
  Speaker 2: we might be there.
• 2:17
  Speaker 3: If we're not, this quarter will find it. At the
• 2:19
  Speaker 3: next FED meeting, we.
• 2:21
  Speaker 2: Saw inflation slow down, and I remember talking about earnings
• 2:25
  Speaker 2: and everybody was very skeptical about first quarters earnings and
• 2:29
  Speaker 2: second quarters earnings and how companies were losing money. And
• 2:32
  Speaker 2: we've pretty much seen a lot of companies. They didn't
• 2:35
  Speaker 2: They didn't lose too much. This episode is brought to
• 2:39
  Speaker 2: you by P and C Bank. A lot of people
• 2:41
  Speaker 2: think podcasts about work are boring, and sure they definitely
• 2:45
  Speaker 2: can be, but understanding a professionals routine shows us how
• 2:48
  Speaker 2: they achieved their success little by little, day after day.
• 2:53
  Speaker 2: It's like banking with P and C Bank. It might
• 2:55
  Speaker 2: seem boring to safe plan and make calculated decisions with
• 2:58
  Speaker 2: your bank. Keeping your money boring is what helps you
• 3:02
  Speaker 2: live or more happily fulfilled life. P and C Bank
• 3:05
  Speaker 2: Brilliantly Boring since eighteen sixty five. Brilliantly Boring since eighteen
• 3:10
  Speaker 2: sixty five is a service mark of the PNC Financial
• 3:13
  Speaker 2: Service Group, Inc. P and C Bank National Association Member fdic.
• 3:21
  Speaker 1: Erners.
• 3:21
  Speaker 3: What's up?
• 3:22
  Speaker 2: You ever walk into a small business and everything just
• 3:24
  Speaker 2: works like the checkout is fast, the receipts are digital.
• 3:28
  Speaker 2: Tipping is a breeze and you're out the door before
• 3:31
  Speaker 2: the line even builds odds are they're using Square. We
• 3:35
  Speaker 2: love supporting businesses that run on Square because it just
• 3:38
  Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor
• 3:41
  Speaker 2: at a pop up market, or even one of our
• 3:43
  Speaker 2: merch partners, Square makes it easy for them to take payments,
• 3:47
  Speaker 2: manage inventory, and run their business with confidence, all from
• 3:51
  Speaker 2: one simple system. If you're a business owner or even
• 3:55
  Speaker 2: just thinking about launching something soon, Square is hands down
• 3:58
  Speaker 2: one of the best tools out there to help you start,
• 4:01
  Speaker 2: run and grow. It's not just about payments, it's about
• 4:04
  Speaker 2: giving you time back so you can focus on what
• 4:07
  Speaker 2: matters most ready. To see how Square can transform your business,
• 4:11
  Speaker 2: visit Square dot com backslash go backslash eyl to learn
• 4:16
  Speaker 2: more that Square dot com backslash, go backslash eyl, don't wait,
• 4:21
  Speaker 2: don't hesitate. Let's Square handle the back end so you
• 4:24
  Speaker 2: can keep pushing your vision forward.
• 4:28
  Speaker 5: An illegal alien from Guatemala charged with raping a child
• 4:32
  Speaker 5: in Massachusetts. An MS thirteen gang member from El Salvador
• 4:36
  Speaker 5: accused of murdering a Texas. Man of Venezuelan charged with
• 4:40
  Speaker 5: filming and selling child pornography in Michigan. These are just
• 4:44
  Speaker 5: some of the heinous migrant criminals caught because of President
• 4:48
  Speaker 5: Donald J. Trump's leadership. I'm Christin Nohm, the United States
• 4:51
  Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 4:56
  Speaker 5: crossings are at the lowest levels ever recorded, or one
• 5:00
  Speaker 5: hundred thousand illegal aliens have been arrested. If you were
• 5:03
  Speaker 5: here illegally, your next you will be fine nearly one
• 5:07
  Speaker 5: thousand dollars a day, imprisoned and deported, you will never return.
• 5:12
  Speaker 5: But if you register using our CBP home app and
• 5:15
  Speaker 5: leave now, you could be allowed to return legally. Do
• 5:19
  Speaker 5: what's right. Leave now. Under President Trump, America's laws, border
• 5:24
  Speaker 5: and families will be protected.
• 5:26
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 5:28
  Speaker 4: Well, we got to be honest about that. They revised,
• 5:30
  Speaker 4: God even Apple, let me.
• 5:32
  Speaker 3: Apple, Well Apple has as well.
• 5:34
  Speaker 2: They revised, but they still made nearly one hundred million
• 5:38
  Speaker 2: last quarter.
• 5:38
  Speaker 4: That's true, right, So and if I put into the
• 5:42
  Speaker 4: like the iPhone sales data now like when you count it.
• 5:45
  Speaker 2: But even a company like Amazon, they did over one
• 5:47
  Speaker 2: hundred many. So, like when we're talked about a gross
• 5:49
  Speaker 2: pullback in some of these earnings data is because of
• 5:51
  Speaker 2: what inflation the impact that inflation had done in twenty
• 5:54
  Speaker 2: twenty one, and we're looking at it, Is.
• 5:56
  Speaker 3: It really as bad as we thought, it's my question?
• 5:58
  Speaker 2: Or did we over over try to anticipate something that
• 6:04
  Speaker 2: was going to be extremely negative and it's not looking
• 6:07
  Speaker 2: that way.
• 6:08
  Speaker 4: Well, I'm gonna give a little I won't say pushback
• 6:10
  Speaker 4: with feedback. I'm gonna go back to the earlier thirty
• 6:14
  Speaker 4: of San Francisco. Real estate is currently vacant. I haven't
• 6:17
  Speaker 4: got the numbers from New York, Chicago, and Miami. I
• 6:20
  Speaker 4: would assume New York is probably at twenty percent commercial
• 6:24
  Speaker 4: real estate. Yep, you think it's higher.
• 6:29
  Speaker 3: I think they said twenty.
• 6:30
  Speaker 1: I mean, yeah, I might might be more.
• 6:33
  Speaker 4: So in four or five major markets. That's correction territory.
• 6:39
  Speaker 1: Well, here's the thing. So the crazy thing is I
• 6:42
  Speaker 1: live across the street from I live across the street
• 6:45
  Speaker 1: from an office building, a mall and an office building.
• 6:50
  Speaker 3: You anybody in there? They're all vacant, even to anybody.
• 6:56
  Speaker 3: Do I ever see anybody? I don't think I've ever
• 6:58
  Speaker 3: seen like the one across from.
• 6:59
  Speaker 1: All its building it used to be once COVID came.
• 7:02
  Speaker 1: I don't think they never really reopened it. But so
• 7:04
  Speaker 1: that's three that's three commercial properties that are vacant.
• 7:08
  Speaker 4: So I mean, I think it's a reflection. I think
• 7:10
  Speaker 4: the economy is a lot worse than what they're saying.
• 7:13
  Speaker 4: But I think they're playing the three card Monte game
• 7:15
  Speaker 4: like they're they're taking the companies that are doing incredibly
• 7:21
  Speaker 4: well overinflating some of the games in the stock market
• 7:25
  Speaker 4: to make it seem as if everything is stable when
• 7:28
  Speaker 4: the overall economy is not doing incredibly well.
• 7:32
  Speaker 3: Yeah, the recession is secular.
• 7:35
  Speaker 2: Yeah, And now, I mean based on what you're saying,
• 7:38
  Speaker 2: so like, and this is what Dave girls are saying too.
• 7:41
  Speaker 3: Real estate is on the commercial real estate is on
• 7:44
  Speaker 3: the clock.
• 7:46
  Speaker 4: My graduates from my school being forced back drop drop, Mike,
• 7:52
  Speaker 4: drop back drop.
• 8:05
  Speaker 5: An illegal alien from Guatemala charged with raping a child
• 8:08
  Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador
• 8:12
  Speaker 5: accused of murdering a Texas man of Venezuelan charged with
• 8:17
  Speaker 5: filming and selling child pornography in Michigan. These are just
• 8:21
  Speaker 5: some of the heinous migrant criminals caught because of President
• 8:24
  Speaker 5: Donald J. Trump's leadership. I'm Christy nom the United States
• 8:28
  Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 8:33
  Speaker 5: crossings are at the lowest levels ever recorded, and over
• 8:36
  Speaker 5: one hundred thousand illegal aliens have been arrested. If you
• 8:40
  Speaker 5: are here illegally, your next you will be fined nearly
• 8:44
  Speaker 5: one thousand dollars a day, imprisoned, and deported. You will
• 8:48
  Speaker 5: never return. But if you register using our CBP home
• 8:51
  Speaker 5: app and leave now, you could be allowed to return legally.
• 8:55
  Speaker 5: Do what's right, leave now. Under President Trump, America's law laws,
• 9:00
  Speaker 5: border and families will be protected.
• 9:03
  Speaker 3: Sponsored by the United States Department of Homeland Security,