Speaker 1: Let's talk about the bull market.
Speaker 2: Is the bull market?
Speaker 1: Here? Are we in a bull market? And if so,
Speaker 1: how long will it last? Yeah, it's just something that
Speaker 1: we should look at because I guess Michael Wilson of
Speaker 1: Morgan Stanley states that his latest rally is a head
Speaker 1: fake at forty two hundred level? Is he correct?
Speaker 3: Or should we continue to buy at this level?
Speaker 4: I mean I definitely wouldn't buy the S and P
Speaker 4: five hundred and forty two hundred flat or above because
Speaker 4: it's a little bit too high. I like to like
Speaker 4: going back to the seven zel thing. I would like
Speaker 4: to wait for discounts, but they're pushing us up higher.
Speaker 4: I mean the SMP opened up this year at thirty
Speaker 4: nine or nine. We're at forty two sixteen some change.
Speaker 4: And this is why I always say, like regardless of war, recession, election, scandal,
Speaker 4: false positives like extinction level events that are being predicted,
Speaker 4: they are all gonna find ways for the market to
Speaker 4: go up. That like I always say, the market is
Speaker 4: rid to go up, and because if not, the number
Speaker 4: of people that will leave hedgephons and banks are it
Speaker 4: would bankrupt the country. So that they are gonna find ways. Now,
Speaker 4: I don't like that there's only maybe thirty or forty
Speaker 4: companies that are of incredible value to push this up,
Speaker 4: and it's a lot of the mega caps pushing everything up.
Speaker 4: But this bull market is here to stay now that
Speaker 4: I always have said that the stock market is detached
Speaker 4: from what's going on in the actual economy. There's two
Speaker 4: different games. They're not a pure reflection of one another.
Speaker 4: But yeah, the S and P is up. If I
Speaker 4: look at NASDAK, NASDAK is.
Speaker 3: Growing too.
Speaker 4: NAZDAC opened up at eleven thousand, ninety where thirteen forty one.
Speaker 4: We'll talk about the Japanese market, but the NK opened
Speaker 4: up at twenty five thousand, nine thirty five this year
Speaker 4: were thirty one thousand. We're clearly in a bullmarket now
Speaker 4: will stay. That depends on a few things, and this
Speaker 4: debt crisis is one of them. But for right now
Speaker 4: we are up and as stuck right now currently stuck.
Speaker 2: Yeah, I feel like eight months ago we were talking
Speaker 2: about what would twenty twenty three look like, when we
Speaker 2: were talking about, well, we know that interest rates are
Speaker 2: going to stop rising at some point, and I think
Speaker 2: we might be there.
Speaker 3: If we're not, this quarter will find it. At the
Speaker 3: next FED meeting, we.
Speaker 2: Saw inflation slow down, and I remember talking about earnings
Speaker 2: and everybody was very skeptical about first quarters earnings and
Speaker 2: second quarters earnings and how companies were losing money. And
Speaker 2: we've pretty much seen a lot of companies. They didn't
Speaker 2: They didn't lose too much. This episode is brought to
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Speaker 5: An illegal alien from Guatemala charged with raping a child
Speaker 5: in Massachusetts. An MS thirteen gang member from El Salvador
Speaker 5: accused of murdering a Texas. Man of Venezuelan charged with
Speaker 5: filming and selling child pornography in Michigan. These are just
Speaker 5: some of the heinous migrant criminals caught because of President
Speaker 5: Donald J. Trump's leadership. I'm Christin Nohm, the United States
Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 5: crossings are at the lowest levels ever recorded, or one
Speaker 5: hundred thousand illegal aliens have been arrested. If you were
Speaker 5: here illegally, your next you will be fine nearly one
Speaker 5: thousand dollars a day, imprisoned and deported, you will never return.
Speaker 5: But if you register using our CBP home app and
Speaker 5: leave now, you could be allowed to return legally. Do
Speaker 5: what's right. Leave now. Under President Trump, America's laws, border
Speaker 5: and families will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security.
Speaker 4: Well, we got to be honest about that. They revised,
Speaker 4: God even Apple, let me.
Speaker 3: Apple, Well Apple has as well.
Speaker 2: They revised, but they still made nearly one hundred million
Speaker 2: last quarter.
Speaker 4: That's true, right, So and if I put into the
Speaker 4: like the iPhone sales data now like when you count it.
Speaker 2: But even a company like Amazon, they did over one
Speaker 2: hundred many. So, like when we're talked about a gross
Speaker 2: pullback in some of these earnings data is because of
Speaker 2: what inflation the impact that inflation had done in twenty
Speaker 2: twenty one, and we're looking at it, Is.
Speaker 3: It really as bad as we thought, it's my question?
Speaker 2: Or did we over over try to anticipate something that
Speaker 2: was going to be extremely negative and it's not looking
Speaker 2: that way.
Speaker 4: Well, I'm gonna give a little I won't say pushback
Speaker 4: with feedback. I'm gonna go back to the earlier thirty
Speaker 4: of San Francisco. Real estate is currently vacant. I haven't
Speaker 4: got the numbers from New York, Chicago, and Miami. I
Speaker 4: would assume New York is probably at twenty percent commercial
Speaker 4: real estate. Yep, you think it's higher.
Speaker 3: I think they said twenty.
Speaker 1: I mean, yeah, I might might be more.
Speaker 4: So in four or five major markets. That's correction territory.
Speaker 1: Well, here's the thing. So the crazy thing is I
Speaker 1: live across the street from I live across the street
Speaker 1: from an office building, a mall and an office building.
Speaker 3: You anybody in there? They're all vacant, even to anybody.
Speaker 3: Do I ever see anybody? I don't think I've ever
Speaker 3: seen like the one across from.
Speaker 1: All its building it used to be once COVID came.
Speaker 1: I don't think they never really reopened it. But so
Speaker 1: that's three that's three commercial properties that are vacant.
Speaker 4: So I mean, I think it's a reflection. I think
Speaker 4: the economy is a lot worse than what they're saying.
Speaker 4: But I think they're playing the three card Monte game
Speaker 4: like they're they're taking the companies that are doing incredibly
Speaker 4: well overinflating some of the games in the stock market
Speaker 4: to make it seem as if everything is stable when
Speaker 4: the overall economy is not doing incredibly well.
Speaker 3: Yeah, the recession is secular.
Speaker 2: Yeah, And now, I mean based on what you're saying,
Speaker 2: so like, and this is what Dave girls are saying too.
Speaker 3: Real estate is on the commercial real estate is on
Speaker 3: the clock.
Speaker 4: My graduates from my school being forced back drop drop, Mike,
Speaker 4: drop back drop.
Speaker 5: An illegal alien from Guatemala charged with raping a child
Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 5: accused of murdering a Texas man of Venezuelan charged with
Speaker 5: filming and selling child pornography in Michigan. These are just
Speaker 5: some of the heinous migrant criminals caught because of President
Speaker 5: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 5: crossings are at the lowest levels ever recorded, and over
Speaker 5: one hundred thousand illegal aliens have been arrested. If you
Speaker 5: are here illegally, your next you will be fined nearly
Speaker 5: one thousand dollars a day, imprisoned, and deported. You will
Speaker 5: never return. But if you register using our CBP home
Speaker 5: app and leave now, you could be allowed to return legally.
Speaker 5: Do what's right, leave now. Under President Trump, America's law laws,
Speaker 5: border and families will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security,