Let's Talk Money

amazing fall. So but winter is coming. You know, it's getting a little cooler at night when you wake up the morning, a little bit of frost, so you know we're winter is certainly coming. But you know, this has been an action packed week, you know, with the election occurring and knowing results, So got a lot to talk about this morning. And UH definitely encourage listeners to call in with questions. You have any questions about election and

how that might impact portfolios. And I always say there's you know, there's no dumb question, especially when it comes to your money. So certainly, UH encourage you to pick up the phone call in. You can reach me at eight hundred talk w G Y. That's eight hundred eight two five five, nine four nine. And as I said, just a you know, an action packed week, you know, not only with the election but markets, and we'll get into all that. And you know, certainly this week started

you know a lot of uncertainty. I think, uh, you know, generally everyone was, you know, not only concerned about how the outcome of the election would unfold, but uh, you know, not only who would would win, but also how how long it would take. I mean, you know, I think many of us were braced for a long period of

time to to determine who actually won. And I think you know, some of the political pundits have you know, actually built that up, and you know, almost we're saying like this is now the way elections are going to be. You know that you have to wait a period of time and uncertainty, and you know, obviously there was so concern not only who's going to win when we would find out, but then also you know, just uncertainty about

how that transition of power would go. And certainly, you know, there was concern about you know, some of the activities that occurred in the twenty twenty election and you know, concerned about whether we're going to be faced with that and uh this year. And so we went into this week I think with a lot of uncertainty, a lot of concern, and you know, here we are, you know, Saturday morning, and you know, a lot of questions are answered.

You know, certainly lots of questions, uh, still unanswered. But I think from some ways, you know, I think many relieved, you know, maybe their candidate or party didn't win. And certainly, you know, when you look at the numbers and you know with Trump, Donald Trump with the little over fifty percent of the populace vote, you know, it's a you know, we're a divided nation, no question. But certainly from the electoral side, you know, I wouldn't say landslide is certainly

a decisive victory. But you know, we we you know, we've got some healing to do, There's no question about that. And you know, certainly was you know, encouraging to hear some of Donald Trump's you know, original comments, you know, after you know, after the news of his victory, just about unity, and you know, I think that is important

as a nation. You know, we we we are a strongest right when we're working together and doesn't mean we're always going to agree on everything, but you know, certainly I think we're all want the greater good, which is a strong nation. We want every citizen of this nature

nation to do well and be take care of. So you know, I'm hopeful and you know, I think in again, regardless of who you voted for, who you support, I think as we enter a new Kandessey, you know, I think it's important to be helpful and hopefully you know, good things will come. And but you know, a lot a lot to talk about with the markets and how the markets reacted to that. So certainly we'll be touching a lot on that. So I appreciate you tuning in

this morning. I hope you enjoyed the next sixty minutes with me, and again encourage listeners to call in with questions. I'm here to answer your question, so you can reach out to me at eight hundred talk WGY. That's eight hundred eight two five five nine four nine. So let's you know, jump right into the market update. You know,

this morning we'll talk about markets investing. Certainly some of the you know, I say, questions that were answered this week, but also you know, a lot of now questions, a new question surface, you know about you know, what Donald Trump will do in terms of taxes, tariffs and how that might impact all of us, but also corporate profits and whether that helps to you know, drive growth. So

lots to talk about there. And as I saw, you know, I started off, you know, we did enter this this week with a lot of uncertainty and there was you know, there was some legitimate anxiety you know, I would say with individuals as we faced you know, when this week it was such a you know, such a long election cycle, and certainly you know, some of the rhetoric was not always positive and you know that can get a little bit of grading, you know, and you know you'd like

to see more positive campaigns, but you know, it's a long process. A lot of uncertainty going into this, whether you know who was going to come out, wasn't gonna be Harris, was it gonna be Trump? Uh So, that certainly was a big chunk of uncertainty. And I and I will say that, you know, there was a lot of concern about when we would find out and whether you know, we'd be dragging on into the weekend or weeks.

I mean It is interesting. A lot of the political pundits were talking that you know, uh, you know, based on polling information that we wouldn't know right away, it wouldn't be a quick you know result, and that it could go on for you know, weeks, uh, and so almost building up the expectation of that's what our election presidential election cycle is going to be faced with. And I hope and I was glad to see we didn't

have that this year. And and I and I hope that it never goes to that because I think that's just not good at that level of uncertainty. You know, one from the markets, they were concerned about that, but it's just it's not uh, you know, as a nation as powerful as we are, you know, uh, and both candidates you know, really so this you know, we've got to do better as a nation, you know, with the tabulation process and you know, we should be able to

get quick results. And thankfully this year we did.

muddled in the courts? It wasn't going to be you know, maybe you know, some conflict and certainly we can all remember back to the prior election and you know some of the unfortunate events of that. So a lot of you know, uncertainty, and that was you know, reflected in the markets. There was some market concerned. You know, vix was over twenty three, you know, heading into the week.

You know, the VIX is a popular measure of the stock markets expectation for volatility, so concern you know, over a lot of things, and certainly that was reflected in the markets. And you know, in many ways you can look at this week. The week served in some ways as a moment of clarity. And so we we got clarity, right and you know, so we know Donald Trump will be our next president. We know Republicans will have control the Senate, the House we're still waiting on. You know,

that's some key races are still being decided there. So we'll see how that plays out. But certainly, Trump's you know, i'll say quick victory, you know, brought investors some new hope for tax cuts in corporate growth. But again, more importantly, I think it provided clarity that the markets craved. And you know, we saw the markets respond, you know, very positively.

And you know, I mentioned the VIXED in the beginning of the week, uh, you know, end of the week, you know, down thirty two percent, you know, and and again that's kind of our that we referred to as the fear index, and it was the largest dropped, uh

since twenty twenty one. So certainly, see the markets are because markets don't like uncertainty, markets don't like surprises, and so I think, what what the election brought in terms of certainty, you know, the the you know, we brought in terms of certainty the markets appreciated and responded well to.

So as a result, you know, for the week, the S and P all indexes on a tear, you know, the S and P gained you know, four point seven percent, the Dow up four point per six, four point six percent, the best week of the year for both indexes. So and both of them you know, flirted with with all time highs Uh. You know, breaking some some barriers. N

as that rose five point seven percent. And you know, small business, you know, you know Russell two thousands, so more getting into the small capital up over eight and

a half percent. So certainly seeing across the board, you know, all the major indexes responding positively to the election news, and you know, reading many articles and you know, one you know, financial article referred to it as you know, this week was almost the sound of Wall Street exhaling after election day, you know, and and you saw that that power in the markets and how things recovered, so very positive week and and and you know, now you know,

we'll see as you know, Trump is president, like Trump starts to lay out more of his plans. And I will say, you know this heading into this this term, you know he's certainly he's done this before, right, So I think that'll benefit on how quickly he can get in with his team, quickly get in and get things done. So you know, we'll be interesting to see how that starts to unfold. Uh And certainly you know there could

be impacts on how the FED views some things. So certainly I think it does you know, create a little uncertainty there on the Fed's path, but you know, a lot more to be determined there. So you know, it's certainly the the election took center stage this week, as

it should. But also, you know, we're also in the midst of you know, reporting season, earning season, so you know, at this point, you know, about roughly ninety percent of the companies in the S and P five hundred have now reported their third quarter results, and you know, so far, I guess in whole you know, the news is good, but you know, but not great. So you know, seventy five percent of the earning to beat Wall Street estimates, but that's actually you know a little bit below actually

the five year beat rate of seventy seven. So good results but not but not great. And uh, you know, and also the beats have been you know a little bit smaller than than on average, and you know, many analysts will say, you know, you know, wrapping up Q two, a lot of corporations kind of reduced their their guidance for Q three. See you almost say they kind of

lowered the bar a little bit. So certainly, I think the expectations heading into Q three were for a lot of earnings beats, and they delivered that, you know, as expected, and so you know, overall the S and P five hundred companies are on track for to post agriate earnings growth of five point three percent for the third quarter, and that's through the fifth straight quarter of year over

year game. So you know, again the corporate earnings are positive, right, so certainly a positive sign as we head into you know, wrapping up the fourth quarter, heading into twenty twenty five. So great week in the markets. And again we know, markets do not like uncertainty, Markets do not like surprises, and I think we we saw the I guess the built up positive reaction to at least having some knowledge of,

you know, who's going to be the president. Again with the certainty, what we do know is Republicans have the presidential spot, We've got the Senate, They've got the Senate spot, and then you know, we'll see how things play out in the House. So again I encourage listeners to call in with questions. You can reach me at eight hundred talk WGY. That's eight hundred eight two five, five, nine four nine. We're going to take a quick commerci break, so please stay tuned and we'll be right back with

Let's Talk Money on eight ten w GUI. Well, thank you for allowing me to take that quick commercial break and get a quick little drink of water. Coming out of the break, we've got a caller with a question. We've got Bill, Bill, what can we do for you this morning? Obviously with the connection with Elon Musk and Tesla, I and individually have a lot of stock within a mutual one with Tesla, and they actually exploded last.

we go from here? Certainly, you know Tesla, Elon Musk has been very bold and cut, you know, very local supporter of Trump and certainly, uh, you know, as we saw with the with the market reaction this week, Uh, no question, some of uh you know, Trump related businesses and you know not that that Tesla is Trump related, but certainly Elon has tied himself at the hip there. Certainly got some great benefit and you know, you know, uh, Tesla is one of these companies where you know, how

do you value them, right? Are they auto company? Are they tech company? And uh, you know I think uh elon is is and I view them more as a tech company. You know that that yes, uh, no question in the auto manufacturing space, but they are so much more than that. So you know, I think, uh, from from an outlook with Tesla, I I I personally very you know, bullish on Tesla. Again. I think what they're bringing in terms of innovation and is uh is what

the markets want to see. And I will say, you know, certainly what he's done on the political side and how he's connected there himself that Trump can't hurt as well. So uh, you know that's a company that I still I still still think, you know, has a bullish, bullish future. So uh you know, I personally would be very comfortable, uh you know, holding continue to hold Tesla.

Nasdaq h those companies. I think the stage is set for for uh, for great performance uh, you know over the coming years. And so, you know, great question there. Appreciate that call, and again remind other callers, you know, again we're here to answer questions, so don't hesitate to pick up the call. Reach out to us at eight hundred talk w g Y. That's eight hundred eight two

five five nine four nine. So in the beginning set it, you know, given a recap of the week, and you know, just to just to bring that to conclusion, you know, it was a stellar week in the markets. And you know, we always talk to the markets. The markets don't like uncertainty, they don't like surprises. So certainly, you know, I think some of the market pops that we saw this week

clearly responding well to just some certainty. But also you know, Trump's policies, you know, many believe are going to help drive growth, and so you know, market certainly responded to that. Now I will say and we'll talk about a little bit later. Conversely, there's some concern about what something of Trump's policies you know, may bring us, but certainly from a from a market perspective, uh, there was a strong

positive reaction. So recapping, you know, the S and P up four point seven percent for the week, up twenty almost twenty six percent year to date, Nasdaq five point seven six for the week, up twenty eight percent year today, the Dow up four point six one for the week sixteen, up sixteen point seven year to date, the Russell two thousand against small cap index up a staggering eight point five seven for the week and up almost eighteen percent year to date, and so wow, you know, you remember

first half of the year, all we talked about was magnificent seven and just the concentration of returns in the those companies. And now we're seeing such breadth of market recovery in no better indicator than you know, the Russell two thousand, the small cap index up almost eighteen percent year to day. So certainly, you know, markets responding responding well. Treasury, you know, we certainly have had a lot of movement

on the ten year treasury. You know, certainly the bond market is anticipating some stronger growth and possibly high inflation. And that's that's one of the things we'll talk about a little bit later. Is you know, we've talked so much about bringing inflation down. You know, certainly there is concern, you know, one of the concerns of having one party control both the House and the Senate. It does make

it easier to get spending accomplished. And because let's face it, no parties talking about reducing spending and Republicans are not. And so you know, certainly, you know, one thing that divided House and Senate does do is it provides a little bit more checks and balance. It does become harder

to get spending plans approved. So you know, one of the concerns is is, hey, you know, we've we've gone through this battle with inflation, and now if the Republicans do end up, you know, gaining the House, so having a Republican House Senate, is it potential that we're going to see some you know, some negative impacts on inflation,

that we'll see a return of inflation. And again that's yet to be seen, but certainly the bond markets are are pricing that in and we're seeing some you know, certainly saw some spikes and you know, the ten year treasure yield up over four point three percent, you know, the highest that we've seen since July. Right, so even though we've seen the Fed cut rates, we've seen the ten year going up. So certainly, uh, you know, I

got to keep our eye on that. So you know, again wrapping up markets certainly, Uh, great week and and you know as we look ahead, right you know, now you know, we we've been talking so much about the Fed, uh in in their their battle on inflation. Uh, that's certainly you know, FED had their meeting this week. Fed did reduce uh, the the FED funds rate by another twenty five basis points. So remember the meeting in September, they reduced it by fifty basis points to a smaller cut,

but but still did cut. And uh, you know, with such an action packed week, it was almost a you know, it was almost a non plus event. But certainly, uh, there are a lot of eyes on end the FED. You know, it is interesting, you know FED Chairman Powell and in Trump so certainly does not appear they're going to have a great working relationship here. So it'll be interesting to see how that plays out. And uh, you know. Also,

you know, it'll be interesting. You know, you know Trump has been as he laid out some of his plans for next year, certainly uh, some heavy terror focused plans UH. And so it'll and certainly some of the again some of the concerns about you know, having if we do end up with a Republican House uh to go along with the Senate and uh presidential seat. You know, do we see some some pressures on inflation with some spending

packages or other other matters like that. So you know, certainly we'll keep our eyes on that and really you know how that might impact you know, how the FED starts to look at great reductions as soon as December and into next year. So we will certainly keeping our eye on that. And it does, you know, create you know, another dynamic that the FED is going to have to work with. Well, we are almost halfway through today's show and we're going to be taking a short commercial break. Again.

I want to thank you for tuning in with us today and I hope you enjoy the show, and I hope you will stay with us through the break. I encourage listeners to call in with questions. You can reach me at eight hundred Talk WGY. That's eight hundred eight two five five nine four nine. You are listening to Let's Talk Money, brought to you by Bouchet Financial Group, where we help our clients prioritize their health will we manage their wealth for life. So thank you for tuning

in so far. I hope you stick with us through the break and rejoin us for the rest of our show. Well, good morning, and thank you for staying with us this at commercial break, I'm John Malay and I'm your host of this morning's episode of Let's Talk Money. I'm a certified public accountant and I'm the chief financial Officer, chief operating officer, and a wealth advisor at Bouchet Financial Group. I appreciate you tuning in with me this morning. I

hope you're enjoying your weekend. So far. As I look out the window, blue sky, sunshine, just another phenomenal weather day here in the Northeast. It's hard to believe we're you know, almost you know, you know, almost in the second week in November, and we feel like, you know, we're you know, in August September. I mean, it's crazy the weather we've been having. So but I'm not complaining. I'm enjoying it, but as a skier, I'm also keeping my

eyes on forecast for hopefully some snow in December. So looking for hopefully a little bit better ski season this year. But I appreciate you tuning in with me this morning. I encourage listeners to call in with questions. You could reach me at eight hundred talk WGY that's eight hundred eight two five five nine four nine. And we've also started a new thing for those listeners who don't want to call in and maybe a little shy, as Marty likes to say, you know, we also have an email

that ask Bouche at Bouche dot com. So that's ask Bouche, which is bo U C A g y at Bouche dot com. So certainly you can email some questions, but again we encourage listeners to call in. We actually, you know, appreciate those call ins help to create some dialogue. And I will say, you know, as advisors, we spend a lot of time with our clients. You know, not only you know, investing their money, doing financial planning, but just

answering their questions. You know, that's that's our job. And whether that's outlook on the economy or whether that's helping them evaluate you know, a significant financial events. So certainly we're here to answer your questions, So don't hesitate to email that account, ask Bouche at Bouche dot com or reach out call me at eight hundred talk WGY. That's

eight hundred eight two five five nine four nine. So you know, as we we wrap up the week, a lot of good news in the market's a lot of positivity and and and now we get to see what's ahead, you know, there'd be a lot more conversation about, you know, what the Republican Party and Donald Trump has in store. As I said that, we now have a caller on hold, Brian. Brian, appreciate your calling in this morning. What can I help you with?

this week. And you know, I work for a lot large company that was just recently added to the now and I'm just curious what your thoughts are for companies like Sherman Williams, who's been added to bluetip status there as I'm a heavily invested company guy there, you know, twenty years investing into my own success, and just wanted to get your take on what changes you might expect to see with companies that are added like that.

or other means. And you know, just one thing that just you know, some caution of make sure you don't have too heavy of a concentrated stock position, right you know, you know you want to be in a position where your your wages are impacted on by that company, but also you know, too much of your your wealth and you know, certainly you know that can be a difficult one because you know, I'm sure you know if it's a company you believe in, uh and you want to

be a part of that. Again, just from a from a pure advisory point of view, you might want to diversify a little bit, you know, just make sure that all your eggs aren't in one basket and and you know, and you can do that in a methodical way that doesn't uh you know, you know, doesn't hamper your ability to really you know, uh, you know, support the company and really benefit from from all the good work you're

doing there as well. So you know, a certain again, uh, you know, what we're seeing, you know, getting to your general question is we're you know, we're seeing a nice broad you know, recovery of the markets. And I think you know, the you know, the sectors that we're seeing uh certainly uh doing well right now, you know, financials, energy, industrials, uh,

you know, definitely the heart of the Dow. Right So certainly, you know, I think as we're seeing, you know, maybe the types of policies that that the Trump administration are gonna put out, they're gonna they're gonna they're gonna benefit those companies and benefit those companies that are focused on growth as well. So so you know, I think generally there can be some you know, just in general, some

pops of being now included that index. But also as we now look at what president you know, Elect Trump's plans will be. Certainly, it feels like his policies in terms of uh, you know, you know, encouraging growth and limiting regulation would would help companies like that.

So yeah, I definitely agree there. It's always it's always a favorite bet to be diversified, for sure, right in there.

you're in a position to ride that wave. And it's just about you know, you know, taking you know, taking an unemotional view and saying, hey, you you want to be in that position, but you also want to take some chips off the table, just to diversify, right, So so just uh, you know, really just to protect yourself because you know, one of the challenges is is having such a concentration in one area, right that that uh you know, if there are you know, volatility that can

now affect you across the board, not only potentially affect you know, your earning's power, but also now some of your investments. So you know, definitely certainly not trying to scare you in that capacity, but just really saying, hey, you know, take a step back and also say how much of your what percentage of your portfolio is in there? And over time, should you you know, maybe lessen that a little bit so you don't have too much of a concentration, right you.

say right now, I'm very excited. I'm looking forward to the next four years and possibly the next eight years after that vance I'm excited and hopeful for my future first time and you know, the past four years three and half years, and I'm excited to see my you know,

investments go up. And my question to you is, because I feel like, you know, it does directly relate, why are so many people afraid to talk about how the next administration will help our financially Because in the second part of that question is, we live in a very high tax state and I see like our governor are giving so much money to like the illegal immigrants in New York City, and that does affect us in New

York state, upstate New York. And I don't know why don't people want to discuss the correlation?

those conversations. My parents led those conversations, and and uh and believe me, you know, with five kids, you know, kids like to fight, you know, and argue and disagree sometimes just for the sake of disagreeing. And and that was encouraged because it was always done. It never disrupted our bial. Nobody ever stormed away from the table or slammed dishes down, and it was just discussion and then right, and then we moved on and talked about you know,

football or some sports or something else. And it has gotten exactly and it has gotten very very divisive and very personal. And and I'm sure you know, we could get people who are much better equipped than I am to answer why that has, but but it's unfortunate has because it has happened because you know, and I will say, you know, I've got friends who are strong supporters of Harris, strong supporters at Trump, and I will say some of

you know, I'll go to Facebook. You know, I'm just saying, some of the Facebook posts I see on each side are are you know, not representative of having an open dialogue, right, And so I'm not pointing fingers at anybody. It's just

it's become so personal. But also it's become the point where if you don't have the same point of view I have, then there's something wrong with you, and and and so so I'm sure that's the whole societal thing that that I'm not sure, but but I I really hope that we can work through that because I do think you know, having a good dialogue that right, that that's how you know, you always say, seek to understand, Right, if you have a difference of opinion from somebody, through dialogue,

you know, you can better understand where that person is coming from. And that's what our politicians should be doing. Right, So so we we get two more of the center, you know, Because but I will say, great, great, question, and I think, you know, one of the things, and I know our chief investment officer, Ryan Bouchet, you know, has done a few presentations and I think even in our you go to our website Bouche dot com. You know, Ryan does a Ryan and Paulo la Pietra from our

firm to a quarterly market update. In the last update, they did, you know, one of the and I know we did in our annual State economy you know, you know, knowing it was a big election year, you know, we look at how markets respond, whether it's a Republican or Democrat, and you know, the reality is is companies figure out, you know, how to do business and whether that's more regulation, you know, regulation or whether we're in a period of deregulation.

But companies figure it out. And you know, the stock market, you know, does fine if you look at it. You know, over the last seventy five hundred years, stock market is going up and up, whether it's a Republican House, Democrat and House. So you know, companies figured out. Now, I will say, you know each uh, you know, in president like Trump has his policies and and there are certain

companies and industries that that will benefit from that. But other companies will figure out, you know, if they once they understand you know, the operating plan, you know, they'll figure it out. So certainly, you know, we we believe, you know, we were on US stock market going into the election. Certainly with Donald Trump and what we see in his policies, we think it's definitely you know, pro business, uh, you know, deregulation, so I think that's going to help

the financial sector and uh, certainly pro growth. And so you know, we you know, continue to be bullish with the U S Stock market as we look forward. Yeah. I don't know if that answered all your question. I know there's some big questions there, but did that did that answer?

like that's that's inappropriate. I mean, these folks deserve what they have, they worked hard for it, and that's just my personal opinion, right, right, you know, well, great, I really appreciate I appreci appreciate you listening and appreciate you calling in.

You know, you you know you talk to small business owners. Many times they're putting their whole financial uh picture at stake to do that at risk. And you know many times in the beginning it's no paycheck or minimal paycheck and they're working hard and you get to be successful.

And not every small business does, right, there's small business that fail, but all of a sudden you get successful and you're right, I mean, I think over taxing them is not the way to drive growth and innovation and risk. Take but great questions there. Appreciate the callings and you know, getting back to you know, talking about you know, the Fed. So the Fed met this week and you know mayy call in September reduced interest rates by fifty basis points.

You know, they continued in the cutting rates now but down to twenty five basis points, which I think many that was expectation. You know, they took i'll say a super sized cut in September at the fifty basis point. That was probably a little higher than most expected, but more in line the twenty five basis point cut that we just saw, you know, and now you know, the question is going to be with you know, with Donald Trump taking office was some of you know, particularly if

they get control of the House. You know, they're just the reality is it's easier to get spending plans approved when you control all the House and the Senate. So how will that impact inflation? Will we see a return inflation?

So you know, it is interesting the remember the inflation data that we're looking at, it's all lagging data, right, so the data where you know, we'll get a CPI print coming up this week and you know, expectations are that you know, the CPI will be a little bit higher than the last print, but still expecting CPI to be in the mid two percent, maybe two and a half percent, the core being you know, maybe around three point three percent, So a little uptick from the you know,

the September CPI, but still you know, in line with where the FED wants to go. Oh, so the Fed's gonna be now saying okay, the data we're looking at, which we know is lagging data, it's already occurred. Uh, you know, they'll have another meeting in December. And so the questions then become, is is it do we continue? Does the FED continue on this path of cutting rates? Do they pause now and say, Okay, we've got a

change of administration. We've got a very different stance on you know, I think Trump is in his uh, you know, plans that he's outlined so far have been you know, pretty uh, pretty heavy on tariffs, right, And so if so, if we have a combination of high tariffs and increased spending, is there concern that that will start to impact inflation?

And again, if it starts to impact in early twenty twenty five, we might not see that in the numbers till you know, halfway three quarters away through the year. So you know, all of a sudden. Now the Fed do they have to take it? You know, Hey, the game plans changed a little bit, and they certainly don't want to be, you know, caught using old data, right, and but the unfortunate thing is that guess what inflation

data is. It's lacking data. So we'll see how you know now that with President elect Trump laying out his plans and foundations, how that will impact how the Fed, you know, whether they continue on this rate cutting or whether they take a pause. And we are going to take a short commercial break, so you are listening to Let's Talk Money, brought to you by Bouchet Financial Group, and we'll rate back after this short break. Well, thank you for letting me take that quick commercial break. I'm

John Mulay. I am your host for this morning's edition of Let's Talk Money on eight ten w g Y. I've had some great callers this morning, and I appreciate that, appreciate everybody tuning in. I know everybody's busy as we you know, getting close to the holiday season. You know, I always say, you know, we we get through Halloween and then all of a sudden, before we know it's Thanksgiving, Christmas and end of the year. So it feels like, you know, we have this accelerated time period now where

things just speed up. So I appreciate everybody taking time out of their busy day. I hope you're enjoying your Saturday, whether it's sitting at home having a cup of coffee or out doing some yard work or work in the garage. But appreciate you listening. And certainly, as we were coming to close to the end of the show, if you do have questions, we still have time. You can reach out to me at eight hundred talk WGY. That's eight hundred eight two five five nine four nine. And also

just want to encourage listeners. You know, we'll have tomorrow morning show at eight am, so you can tune in. And also, you know, check out our website Bouchet dot com. I got great content and information. So as we talked about, you know, certainly just a banner week in the markets. Markets, uh, appreciating and reacting well to some certainty. Right. Stock market

does not like uncertainty. It got some certainty this week, and you know, I think we all like, you know, breathe a slot sigh of relief, right, I mean, you know, I will say personally, I went into this week and you know, my biggest concern was, you know, just when we would know how how we would find out how that transfer of power would occur. You know, Luckily we found out quickly and in every indication is that the Democrats are gonna cooperate in a very orderly transfer of power.

So I think we all appreciate that, all of us and UH and certainly the markets did as well, in markets, you know, delivering just a great week. And then you know, as we talked about, you know, if we'll find out, you know, the some of the results of some of

the house races and see how things go. But certainly, you know, I will say that a you know, having one party hold the House and one hold the Senate, it does, you know, it does some somewhat tamper some of the ability to get things done, which there's positive impacts of that negative impacts that, right, And so you know, one of the concerns of one party having control of all is you know, if they can push through almost anything they want, you know, within reason, right, And I

will say that the feeling here is is you know, Trump uh president like Trump that you know, first term, you know, he he had to build his team. He has his first time in that position, got a little it took to get going. And I think by the feeling is is that they're going to hit the ground running. And so you know, if they do get control of the House, does that mean we see a lot of

changes right away? I will say, you know, nobody is talking about our national debt, and that's true of either party, right and but certainly our deficits are ballooning, and our you know, national debt is ballooning. And oh, by the way, with national debt ballooning, the interest we're paying on that national debt is ballooning. And so you know, we're over thirty five trillion dollars in national debt. The interest payments that we make have now almost exceeded every other budget

line item other than sold security. We spend more on interest now than we do on defense. So certainly that is something we're going to have to keep our eyes on. And you know that is you know, if if we see a flurry of spending plans put through and and maybe some revenue reduction plans, uh, certainly that will have some impact on national debt. And you know that that is at some point we're gonna have to We're gonna

have to deal with that. Nobody uh wants to deal with it, but you know, at some point we're gonna have to because that interest is becoming such a huge part of our debt. Well, we are coming to the end of this morning show, and really I want to appreciate you all for tuning in, Appreciate those folks who called in with questions. Really, that's what this show is all about. I hope you enjoy the rest of your weekend. Hope you have an amazing week ahead. Also, be sure

to tune in tomorrow morning at eight am. Here another great show. Check out our website Bouchet dot com for great content and information on a variety of investment and finance topics. You've been listening that Let's Talk Money brought to you by Bouchet on the Integroup, where we help our clients prioritize their health well we manage their wealth for life. Thank you for tuning in, and again, I hope you enjoy the rest of your weekend.