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Speaker 2: Do you foresee a rate cut happening in September?
Speaker 3: Let's go perview of my crystal ball. But I will say,
Speaker 3: I'm gonna getlicked up. I'm gonna get something to be
Speaker 3: I'm wrong about. I'm gonna say yes, got a fee
Speaker 3: the streets one way or another, right, I'm gonna say yes,
Speaker 3: we would need a rate cut at some point. I
Speaker 3: don't have any intel or pow oh to all the Democrats.
Speaker 3: None of anything that I said is reflective of how
Speaker 3: I feel about Nancy Pelosi and Janet Yelling I know
Speaker 3: you're not let me in the building, but them two
Speaker 3: lout doors let me walk through, Yes, please? But yeah,
Speaker 3: I think hopefully one rake cut will come in September.
Speaker 3: It will be the one for the year if we
Speaker 3: do it. But I hope.
Speaker 1: So do you think one for the year.
Speaker 3: I don't see how they do more because they I
Speaker 3: don't think they can push us back down to two
Speaker 3: percent after fourteen fifteen years of quantitative easy, and I
Speaker 3: think if they were going to push us towards that
Speaker 3: rate level, we would have been there already. The average
Speaker 3: home mortgage is what seven percent now?
Speaker 1: Well Fed Palace spoke last week, so the inflation number
Speaker 1: is going down slightly. CPI is going down and according
Speaker 1: to the CME, the Chicago Mercantal Exchange, who track this
Speaker 1: and you are in you're in the green here, they
Speaker 1: said that there's a ninety five percent chance that there
Speaker 1: will be a rate cut in September.
Speaker 3: Bravo. I took that part upto seeing me in Chicago,
Speaker 3: they hopes, though, we need look at it. No, and
Speaker 3: if I don't want any chance to win, he better
Speaker 3: call Chicago and make sure that the number is right and.
Speaker 1: Then have one in November and hopefully if you're still
Speaker 1: there to get one in December, right called.
Speaker 3: Moving company right into the Christmas rally.
Speaker 1: We need it?
Speaker 2: Yeah, all right, hit the like button and share. So
Speaker 2: analyst Tom Lee has predicted the S and P five
Speaker 2: hundred will reach fifteen thousand by twenty thirty. So that
Speaker 2: would be like almost triple from where it is now. Yeah,
Speaker 2: in a relatively short period of time. Twenty thirty is
Speaker 2: not that far away. Six years, So is that even
Speaker 2: realistic that the S and P four hundred is going
Speaker 2: to increase triple in three years, in four years, six years,
Speaker 2: six years?
Speaker 3: Yeah, I don't. I mean love I love time. I
Speaker 3: know some people don't like him because he's always super bullish,
Speaker 3: but the thing that it does get right is better
Speaker 3: to be bullish on the market long term because if
Speaker 3: you look at a graph of how often we're positive
Speaker 3: versus negative, I think, what seventy eight percent of the
Speaker 3: time we're to the up. I don't know for a triple,
Speaker 3: but I can see us doubling, especially if they start
Speaker 3: moving some of these bummass companies out of the way.
Speaker 3: Walgreens got kicked out. If the spy does and reshuffling
Speaker 3: and put some better companies in there and replace the
Speaker 3: ones in the laggards or value driven companies. I definitely
Speaker 3: can see it's doubling by twenty thirty. Tripling will be tough.
Speaker 3: We'll have to go and then in order for that
Speaker 3: to happen, we will need to get back to get
Speaker 3: back to two percent three percent interest rate across the board,
Speaker 3: And I don't know if we'll have that many cuts.
Speaker 3: But if we get down to two to three percent
Speaker 3: and they reshuffle some of the companies that are in there,
Speaker 3: we could triple. But I don't see us getting that
Speaker 3: many rate cuts in our favor. I really don't. But
Speaker 3: the biggest lesson is to stay long in the market
Speaker 3: no matter what.
Speaker 1: Well.
Speaker 2: It's also can speak us hyperinflation, which is true. So
Speaker 2: if the theory that the market is raped is true,
Speaker 2: then it would be like, Okay, you know previously seven
Speaker 2: percent average, that's people one hundred. That's not going to
Speaker 2: do it if inflation is higher than that, So you
Speaker 2: would have to get double digit return. And rule of
Speaker 2: seventy two is that if you get seven point two
Speaker 2: percent on your investment for a ten year period of time,
Speaker 2: then that doubles your investment So now if the new
Speaker 2: seven point two is fourteen percent or twenty percent right now,
Speaker 2: you're going to start to see a higher increase while
Speaker 2: money is getting devalued. You need a higher rates of
Speaker 2: return to actually keep up with inflation. The regular seven
Speaker 2: percent is not going to cut it anymore. So that's
Speaker 2: something to consider.
Speaker 3: That's a great point. I never thought about that. That's
Speaker 3: a great point.
Speaker 1: And at that number, what does that put the NaSTA?
Speaker 1: What does that put the.
Speaker 3: NASA could go belisted. If if the spy triples, then
Speaker 3: that's a quintumplin for NaSTA.
Speaker 1: Yeah, yeah, yeah, yeah, hold for the long.
Speaker 3: Term, yeah hold, no matter what. But ver shot, that's
Speaker 3: a great point about the inflation point for sure.
Speaker 2: Yeah, something to think about, something to consider.
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