1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,960 --> 00:00:35,600 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,600 --> 00:00:38,840 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,280 --> 00:00:45,920 Speaker 1: National Association Member FDIC Erness What's Up? You ever walk 13 00:00:45,920 --> 00:00:49,000 Speaker 1: into a small business and everything just works like the 14 00:00:49,080 --> 00:00:53,200 Speaker 1: checkout is fast, the receipts are digital, tipping is a breeze, 15 00:00:53,479 --> 00:00:55,640 Speaker 1: and you're out the door before the line even builds. 16 00:00:55,960 --> 00:01:00,200 Speaker 1: Odds are they're using Square? We love supporting business is 17 00:01:00,200 --> 00:01:02,760 Speaker 1: that run on Square because it just feels seamless. 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Don't wait, don't hesitate. 30 00:01:45,760 --> 00:01:48,160 Speaker 1: Let's Square handle the back end so you can keep 31 00:01:48,160 --> 00:01:49,400 Speaker 1: pushing your vision forward. 32 00:01:51,680 --> 00:01:55,520 Speaker 2: Should we expect a crash or correction following a presidential election? 33 00:01:57,320 --> 00:02:03,800 Speaker 2: So who's in office? Hope if Trump wins, he is 34 00:02:03,920 --> 00:02:06,800 Speaker 2: as presidential as he was the first time when he won, 35 00:02:07,320 --> 00:02:09,840 Speaker 2: to give the market some kind of calm and relief. 36 00:02:10,480 --> 00:02:14,400 Speaker 2: So whether it be a pullback, yes, there's a pullback 37 00:02:14,440 --> 00:02:16,400 Speaker 2: every month. I don't think we will have a big 38 00:02:16,440 --> 00:02:21,160 Speaker 2: correction as a result, because I think once whoever wins 39 00:02:21,240 --> 00:02:23,720 Speaker 2: is in will be very clear and what the policies are, 40 00:02:23,760 --> 00:02:26,639 Speaker 2: and then you'll know which companies should do well based 41 00:02:26,639 --> 00:02:30,120 Speaker 2: on those affiliations and initiatives that they want to push 42 00:02:30,280 --> 00:02:33,320 Speaker 2: pull back. Yes, but I think there's a lot of 43 00:02:33,320 --> 00:02:35,760 Speaker 2: fear going into it. But if you look through any 44 00:02:35,880 --> 00:02:38,760 Speaker 2: presidential cycle, of course this summer maybe a little bit rocky, 45 00:02:38,800 --> 00:02:41,760 Speaker 2: but by the time we get I think to September October, 46 00:02:41,760 --> 00:02:44,639 Speaker 2: I think a winner will be priced in. There'll be 47 00:02:44,680 --> 00:02:46,760 Speaker 2: a strong Christmas rally, and then we have some issues 48 00:02:46,800 --> 00:02:49,120 Speaker 2: that we have to face going into next year. But 49 00:02:50,000 --> 00:02:51,320 Speaker 2: I think I think we'll be fine. I think we 50 00:02:51,440 --> 00:02:56,040 Speaker 2: worry too much about smaller issues that are not the 51 00:02:56,160 --> 00:03:00,240 Speaker 2: biggest reasons why the market will drop or fluctuate. I 52 00:03:00,240 --> 00:03:02,760 Speaker 2: would keep my eyes more so on interest rates if 53 00:03:02,760 --> 00:03:06,640 Speaker 2: there's a cut or if they raise quantitative easing, and 54 00:03:06,680 --> 00:03:09,480 Speaker 2: then also of other countries actually go through recession and 55 00:03:09,480 --> 00:03:13,160 Speaker 2: announce it. Those have more of a waiting than the 56 00:03:13,240 --> 00:03:15,760 Speaker 2: presidential election, and so for a trader you're going to 57 00:03:15,800 --> 00:03:18,840 Speaker 2: get a lot more volatility before the long term. I 58 00:03:18,840 --> 00:03:22,280 Speaker 2: don't see a big pullback as a result cost the 59 00:03:22,320 --> 00:03:24,760 Speaker 2: powers to be I think are telling them, like, you 60 00:03:24,800 --> 00:03:26,639 Speaker 2: need to signal some confidence to the market. 61 00:03:27,840 --> 00:03:31,440 Speaker 1: Yeah, I think that that's the that's the key. When 62 00:03:31,440 --> 00:03:34,520 Speaker 1: you think of like presidential elections, even midterms. We spoke 63 00:03:34,560 --> 00:03:39,040 Speaker 1: about this uncertainly the least of volatility, absolutely, and so 64 00:03:39,440 --> 00:03:41,760 Speaker 1: there's no certainty. If we don't know where we had it, 65 00:03:41,840 --> 00:03:44,640 Speaker 1: then you might see some volatility. I don't know if 66 00:03:44,640 --> 00:03:48,440 Speaker 1: a correction will be in the calling cards, but based 67 00:03:48,480 --> 00:03:53,720 Speaker 1: on even like the Stock Stock Markets Almanac, if they 68 00:03:53,720 --> 00:03:57,120 Speaker 1: studied the history of presidential cycles, and it's always it 69 00:03:57,200 --> 00:04:01,360 Speaker 1: references the best six months to trade. So if we're tradered, 70 00:04:01,360 --> 00:04:03,760 Speaker 1: if we're investors, I always look at those best six months, 71 00:04:04,000 --> 00:04:06,520 Speaker 1: especially when we're talking about post election or we're talking 72 00:04:06,600 --> 00:04:10,360 Speaker 1: like pre election or midterms, and historically it's been from 73 00:04:10,960 --> 00:04:14,880 Speaker 1: the month of November to April. So obviously November fourth, 74 00:04:15,080 --> 00:04:18,760 Speaker 1: the election will happen. Traditionally in an election year, it's 75 00:04:18,800 --> 00:04:22,320 Speaker 1: been a hold, right, people will hold wherever the positions 76 00:04:22,320 --> 00:04:24,640 Speaker 1: they're in to see where we're going to settle because 77 00:04:24,680 --> 00:04:27,720 Speaker 1: obviously there might be uncertainty or it could be certainty 78 00:04:27,720 --> 00:04:29,760 Speaker 1: and say all right, well the incumbent will be run 79 00:04:29,800 --> 00:04:32,359 Speaker 1: back and then like you said, we prepare for the 80 00:04:32,400 --> 00:04:35,160 Speaker 1: next year. And so we've seen the summer months slow down, 81 00:04:35,200 --> 00:04:38,520 Speaker 1: and so the worst six months post election has been 82 00:04:38,640 --> 00:04:45,360 Speaker 1: obviously from May to October and so historically that has 83 00:04:45,360 --> 00:04:48,000 Speaker 1: shown that since nineteen forty nine, So we got to 84 00:04:48,080 --> 00:04:51,680 Speaker 1: keep that into mind. But again, I think it's priced 85 00:04:51,680 --> 00:04:56,840 Speaker 1: in by I would say September at hfall historically over 86 00:04:56,880 --> 00:04:58,880 Speaker 1: the past five years, and I saw I said, micromoney 87 00:04:58,960 --> 00:05:02,080 Speaker 1: is just such a great parameter of that we've seen 88 00:05:02,200 --> 00:05:04,160 Speaker 1: the past three Septembers and what that has meant when 89 00:05:04,200 --> 00:05:06,400 Speaker 1: we're talking about sell offs, when we're talking about people 90 00:05:06,800 --> 00:05:10,240 Speaker 1: trying of fish out their fiscal year, we've seen pullbacks 91 00:05:10,440 --> 00:05:12,880 Speaker 1: across the board, whether it's the dial, whether it's thats 92 00:05:12,920 --> 00:05:15,520 Speaker 1: and P where it's an astack. We've seen October some pullbacks. 93 00:05:15,720 --> 00:05:18,760 Speaker 1: And if we look at the history of pullbacks, look 94 00:05:18,800 --> 00:05:20,680 Speaker 1: at when these crashes have happened, look at when these 95 00:05:20,680 --> 00:05:23,280 Speaker 1: corrections have happened in those in those months. So I 96 00:05:23,320 --> 00:05:26,000 Speaker 1: think it gets priced in and then after I think 97 00:05:26,440 --> 00:05:30,000 Speaker 1: we'll settle, and then I'll be looking to figure out 98 00:05:30,120 --> 00:05:33,600 Speaker 1: all right, certainty. Uncertainty will determine the valatility, and they 99 00:05:33,680 --> 00:05:36,080 Speaker 1: determined if we if and when we should invest. 100 00:05:36,600 --> 00:05:38,440 Speaker 2: Yeah, look at backs is the time to get into 101 00:05:38,480 --> 00:05:41,240 Speaker 2: the market more than anything, like just change the way 102 00:05:41,279 --> 00:05:43,680 Speaker 2: you see it in quality companies, only a lot of 103 00:05:43,680 --> 00:05:45,599 Speaker 2: people run into trouble when you're trying to trade it 104 00:05:45,720 --> 00:05:48,320 Speaker 2: or buy companies that are not quality. And I know 105 00:05:48,360 --> 00:05:50,200 Speaker 2: people are like, how long can you talk about Apple, 106 00:05:50,200 --> 00:05:53,480 Speaker 2: Microsoft and video Tested the Lily. I'm like, if there 107 00:05:53,520 --> 00:05:56,080 Speaker 2: are more quality stocks like that's howthing like KLA that 108 00:05:56,160 --> 00:06:00,640 Speaker 2: are quality Auto Zone, But there isn't. I remember maybe 109 00:06:01,400 --> 00:06:04,440 Speaker 2: twelve years ago you probably had sixty or seventy great 110 00:06:04,520 --> 00:06:06,960 Speaker 2: companies that you can get returns from. It's not like 111 00:06:07,000 --> 00:06:10,159 Speaker 2: that anymore. Give up on sector rotation. Just focus on 112 00:06:10,200 --> 00:06:14,320 Speaker 2: the ones that are great. Indexes first and ETFs then 113 00:06:15,080 --> 00:06:18,279 Speaker 2: add to to that you'll be fine. But I think 114 00:06:18,360 --> 00:06:21,240 Speaker 2: a lot of these issues with losses come from trying 115 00:06:21,279 --> 00:06:23,520 Speaker 2: to time it on a trade basis, where if you 116 00:06:23,600 --> 00:06:25,680 Speaker 2: hold it for a long period of time, everything is 117 00:06:25,680 --> 00:06:27,280 Speaker 2: going to be okay. If I made you money, please 118 00:06:27,279 --> 00:06:29,360 Speaker 2: for yes, and check invest is not that damn. It's 119 00:06:29,360 --> 00:06:30,400 Speaker 2: not rocket sciences show. 120 00:06:31,120 --> 00:06:31,720 Speaker 1: Yeah somethings. 121 00:06:31,800 --> 00:06:34,400 Speaker 2: It was hard, like taking the moon landing. That's tough. 122 00:06:34,440 --> 00:06:35,000 Speaker 3: This easy. 123 00:06:35,480 --> 00:06:40,599 Speaker 1: Yeah, some things from a political standpoint could affect right 124 00:06:40,640 --> 00:06:43,320 Speaker 1: when we're talking about taxes, when we're talking about capital 125 00:06:43,360 --> 00:06:47,760 Speaker 1: game TAXI thirty four percent, that's just I mean, that's crazy. 126 00:06:47,800 --> 00:06:49,880 Speaker 1: And then obviously when we're talking about tariffs. I think 127 00:06:49,880 --> 00:06:51,599 Speaker 1: it was two weeks ago we started talking about the 128 00:06:51,640 --> 00:06:54,760 Speaker 1: tarists that are zoomed to be put on on China 129 00:06:54,839 --> 00:07:00,800 Speaker 1: if if President Biden remains in office. That can effect companies. 130 00:07:00,880 --> 00:07:03,159 Speaker 1: Right when we're talking about especially that region of the 131 00:07:03,160 --> 00:07:06,040 Speaker 1: world and some of the companies and that of building 132 00:07:06,080 --> 00:07:09,000 Speaker 1: there with the hopes of finding a global landscape to 133 00:07:09,080 --> 00:07:12,280 Speaker 1: expand their businesses, that plays a part. That plays a part, 134 00:07:12,320 --> 00:07:14,480 Speaker 1: so that that could affect the bottom line for a 135 00:07:14,480 --> 00:07:15,120 Speaker 1: lot of companies. 136 00:07:16,440 --> 00:07:21,600 Speaker 2: Yeah, okay, So what about this company Archer. Yeah, I 137 00:07:21,640 --> 00:07:23,680 Speaker 2: don't know. I don't know what happened. Maybe something in 138 00:07:23,720 --> 00:07:26,440 Speaker 2: the Memestock area happened, But a lot of people are 139 00:07:26,440 --> 00:07:30,040 Speaker 2: asking me about this Archer aviation. I don't see what 140 00:07:30,080 --> 00:07:33,760 Speaker 2: the hype is. The high was seventeen bucks in twenty twenty. 141 00:07:34,040 --> 00:07:37,440 Speaker 2: It's currently a three thirty cent. If you want to gamble, 142 00:07:39,520 --> 00:07:43,240 Speaker 2: go ahead. But like if Boeing's in trouble, Archer aviation, 143 00:07:43,800 --> 00:07:47,720 Speaker 2: which Boeing you can argue as a infrastructure and government 144 00:07:47,760 --> 00:07:51,160 Speaker 2: investment as well if they're not doing as well. I 145 00:07:51,160 --> 00:07:55,640 Speaker 2: don't know why what happened in the Memestock plan to 146 00:07:55,840 --> 00:07:57,880 Speaker 2: make people want this one. But I'm not a big 147 00:07:57,920 --> 00:07:58,640 Speaker 2: fan of this one. 148 00:07:58,880 --> 00:08:00,520 Speaker 1: Yeah, I'm looking. I looked it up a little bit. 149 00:08:00,960 --> 00:08:05,040 Speaker 1: So they're responsible for I guess the flying helicopter, like 150 00:08:05,080 --> 00:08:08,640 Speaker 1: all the electric helicopter flies on its own. So they 151 00:08:08,680 --> 00:08:10,920 Speaker 1: partner with ETA, which is and we know if you 152 00:08:11,000 --> 00:08:13,800 Speaker 1: watch the Premier League, if you watch anything in soccer, 153 00:08:14,440 --> 00:08:17,800 Speaker 1: huge huge, right, huge brand. When we talk about Emirates 154 00:08:17,840 --> 00:08:19,720 Speaker 1: and we talk about ETA, those are the two biggest 155 00:08:20,240 --> 00:08:25,640 Speaker 1: airlines and companies. But yeah, I no electric flying taxis. 156 00:08:25,880 --> 00:08:28,320 Speaker 1: There's too many other quality things to be invested in 157 00:08:28,600 --> 00:08:31,160 Speaker 1: outside of that. Just looking at this chart, this would 158 00:08:31,200 --> 00:08:33,320 Speaker 1: be something, as an example, if we looked at it 159 00:08:33,440 --> 00:08:36,400 Speaker 1: like as something that you shouldn't invest in, stay away, 160 00:08:36,760 --> 00:08:38,760 Speaker 1: Like yeah, if we're looking at from a six month, 161 00:08:38,800 --> 00:08:43,520 Speaker 1: we're looking at from a year, two year, not really attractive, 162 00:08:43,800 --> 00:08:47,120 Speaker 1: not really attractive at all. So I'm not big on this one. 163 00:08:47,200 --> 00:08:50,840 Speaker 3: An illegal alien from Guatemala charged with raping a child 164 00:08:50,840 --> 00:08:54,679 Speaker 3: in Massachusetts. An MS thirteen gang member from El Salvador 165 00:08:54,920 --> 00:08:59,040 Speaker 3: accused of murdering a Texas man of Venezuelan charged with 166 00:08:59,120 --> 00:09:03,000 Speaker 3: filming and selling child pornography in Michigan. These are just 167 00:09:03,120 --> 00:09:06,880 Speaker 3: some of the heinous migrant criminals caught because of President 168 00:09:06,880 --> 00:09:10,440 Speaker 3: Donald J. Trump's leadership. I'm Christy Noman, the United States 169 00:09:10,480 --> 00:09:15,280 Speaker 3: Secretary of Homeland Security. Under President Trump, attempted illegal border 170 00:09:15,320 --> 00:09:18,880 Speaker 3: crossings are at the lowest levels ever recorded, and over 171 00:09:18,920 --> 00:09:22,160 Speaker 3: one hundred thousand illegal aliens have been arrested. If you 172 00:09:22,240 --> 00:09:26,080 Speaker 3: are here illegally, your next you will be fine nearly 173 00:09:26,160 --> 00:09:30,200 Speaker 3: one thousand dollars a day, imprisoned, and deported, you will 174 00:09:30,200 --> 00:09:33,880 Speaker 3: never return. But if you register using our CBP home 175 00:09:33,920 --> 00:09:37,280 Speaker 3: app and leave now, you could be allowed to return legally. 176 00:09:37,640 --> 00:09:42,400 Speaker 3: Do what's right. Leave now. Under President Trump, America's laws, 177 00:09:42,559 --> 00:09:45,000 Speaker 3: border and families will be protected. 178 00:09:45,080 --> 00:09:47,240 Speaker 2: Sponsored by the United States Department of Homeland Security.