Today afternoon. This is Josh Barnold, mister money Talk with John Arnold here to answer your questions on stocks, bonds, mutual funds, how you should position your investment dollars including your IRA in four one k. But you do have to give us a call at nine five two nine two five five six o eight. That's nine to five two nine two five five six o eight. Always get straight talk, not sugarcoated advice. It's AI all the time. It's AI all the time, AI as an artificial intelligence. It's AI
all the time. And many many analysts, many market prognosticators, any talking heads said, well AI is different this time, it's different, the market is different this time. Well, the topic AI, artificial intelligence is is hot and the buzz has definitely listed lifted UH semiconductors, the fang names UH Facebook now now known as Meta, Apple, Amazon, Nvidia, Google also
known as Alphabet, and and even Tesla. And then we can add in I'll say, some other names that even have a tangential UH associate with with
artificial intelligence. We can add in names like data dog, trade, trade desk, salesforce, dot dot com, anything and everything that might be in some way shape or form have a little bit of a technology or internet bent is now seen as being associated with artificial intelligence, whether or not they have anything going on with artificial intelligence, and whether or not they are currently generating
revenues from the name. Well, we have talked about artificial intelligence for a very very long time and that's why I can say if the stocks are up with this with this topic, yes, the buzzes buzzes there, but artificial intelligence has been around for a very very long time now. It might be a little bit different this time in that you have some products out there that have gotten a lot of or generated a lot of excitement, particularly around chat
GPT and it's association both with academia and especially recently with Microsoft. As a matter of fact, the excitement around artificial intelligence seemed to start not even a month ago at Microsoft's Developers Conference when they introduced the chat GPT product and how it was going to integrate with Microsoft's other products, including their search engine BING, all in an effort at Microsoft is putting forth to better compete with Google
Search Engine. And do bear in mind that Google Search Engine covers eighty five percent of all of all search and Microsoft's BING is behind the eight ball, and I'm guessing anything that they can do to improve that would help Microsoft's bottom line. But Microsoft continue to say say that they're going to apply artificial intelligence to all of their products, and that has helped to boost Microsoft share.
The two companies that have had artificial intelligence products that are in the you know that are part of fang, Apple with CIRIE and Amazon with Alexa, seemed to be will say, semi forgotten about, but they too have had a little bit of the brush of AI painted on them. Apple, by the
way, has their Worldwide Developers Conference lit'll start on Monday. Some of the excitement around this Worldwide Developers Conference is attributed to the introduction of a new product there, virtual Reality augmented reality headset, and how that might fit into Apple's
ecosystem. But I believe if Apple were to talk a little bit about further development of artificial intelligence or some improvements around SIRIE, that that could and I emphasize the could add to Apple's stock price, which has continued to move up and is now at a more i'll say now more than a fifty two week high. But should there be any will say, sell the news event after the Worldwide Development Conference, I could see Apple pulling back a little bit before.
To me it starts, it's summer ascension. As talk two appstracting about Apple and remind everybody the target is two ten. No, my target is actually two fifty. Most analysts could we walk through two ten before we can go to two ten before we go go But we like to walk through no, because they're not just hard, They're not just random numbers. Okay, never give a random number. There is there is, all right, there is something behind that right? Ten is seven seven bucks to share of free
cash alout times thirty okay? Okay, where'd you get the thirty thirties? Were consumer staples? Trade? Okay? The eight bucks is you're just going one one year fourth? Okay. So part of this is timing. But the fear with Apple when Apples and its worst, people think it could be six times twenty, right, what's six times twenty one? Twenty? All right? Where do we bounce off of one thirty? And when people are feeling good, they say seven times thirty? There you go two ten next
year. By the end of next year? Are you end the next year two fifty? Are you I'm into twenty twenty four at two fifty. Okay, so maybe the floor and the ceiling will move. That's the other hope too, because we're sure at some point in time over the next twelve months, Apple will be a lot lower than one eighty, because that's just the way the stock market works. So maybe the next time on the way down will be twenty times six and a half, you know, or maybe twenty
times seven. I don't know. One forty. We bottomed one thirty last time. So well, anytime we start talking talking about Apple, I do do know that the talking heads on TV hate Apple when it's going up. Well, don't going to go, oh my goodness, this st is too expensive. We won't touch it. We won't touch it up here at one seventy, we won't touch it even at one fifty. But if Apple goes down to one forty, we're all over it and we're going to buy it.
Right. Well, the last time Apple went down to one forty is the same same talking heads who didn't like it at one price. When it got down to the price they mentioned, no, we're not going to touch it until it goes goes lower. Now that it's back higher, they still
won't touch it. Um good, I'll say bad for them, good for us that are that are big, big in Apple, Well, there are some other other companies that are that are also big, and we're going to talk to them plus more because it's it is Friday as we take this show, and we had an unreal day on the Doubt Dal Jones on Friday, and we'll say an unreal day on the S and P five hundred and even on the Russell two thousand. So we've got that to talk about and more.
This is Josh Arnold, mister money Talk with Judd Arnold. We're here to help you call us nine five two nine two five five six oh eight. This is Josh Arnold, mister money Talk with Judd Arnold, here to answer your questions on stocks, bonds, mutual funds, how you should position your investment dollars including your IRA four O one K. Don't hesitate to give us a call. Nine five two nine two five five six oh eight. That's nine five two nine two five five six oh eight. You always get
straight talk, not sugarcoated advice. Now, mister market, particularly at SMP, has been fretty strong uhcent recently, and a lot of that strength has
come from just a few names jumping. Jim Kramer of Mad Money on CNBC the other night talked about don't don't mess with a Magnificent seven, And he was not talking about the Magnificent seven movie or the original that that had Jule Brenner, Steve McQueen, Charles Bronson, Robert Vaughan, James Colbran, Brad Dexter, and Horse Buckles against Eli Wallack in a very u fun western.
This was also updated. Kramer was talking about don't get rid of and don't fight to make current magnificent seven in the market, Apple, Amazon, Alphabet, also Google, Microsoft, Meta, known as Facebook, Navidia, and Tesla. These stocks are strong and could continue, according to Kramer, could
continue to be get stronger and are still a place place to be. And then as the market broadens out, which seemed to happen on Friday afternoon, after the job's number was reported and after the Senate will Say a Brew approved the debt ceiling bill, just about everything else lifted off and the only real
negative was or negatives were in select retailers and in the semiconductor space. But that broadening out of hold on broadening out, Yeah, more stocks were participating in the body there's no We just started on Friday to see some broadening. Let's put some numbers on this, Okay, you can, I guess, I guess today I'm going to be to put some numbers on this guy, because that's kind of my job. Anyway. The SMP five hundreds off year
to date eleven point eight six percent. Let's just round that up to twelve okay, okay, the equal weighted SMP five hundred, the RSP index. You can buy that, h takers RSP. So did that break? Did that break into positive territory? It did? It's up two point one percent. We still have roughly a ten percentage point spread between the equal weight SMP five hundred and the actual SMP five hundred and the actual SMP five hundred the
top ten stocks I think they're thirty percent of the index right now. The other four ninety yea or a lot smaller for you know how many percent of its So this has been a concentrated rally. And the thing that was so big late Thursday and certainly Friday, where we saw energy and banks, those things never move in tandem, both up four hundred to five hundred basis points. That's that's percent that's a fancy way of saying percent. Just a broad
based move. With rates, by the way, went higher Friday, we should be a headwind for equities. It looks like we're climbing the wall of worry and the rally they broaden in the short term. Obviously hard to call the market. I don't know in my experience. I looked at my screen Friday and I said, this looks real. Four now we'll see, well
I would. I would say a lot of things seem real now. But the biggest worry right now is back to the Federal Reserve, whether whether or not the FED is going to we use interest rates twenty five bases points or pause. I think my my AHA moment this week was really Tuesday when we got I forget what that. What data did we get is that the inflation number? Tuesday? We did get them. We had some macro date,
I forget what it was. These weeks can't long, but it was a FED thing, and the market sold off on expectations that the Fed was going to raise rates, and I just started, you know, I it's hard to not get animated. Sometimes well you go, you go, get getting in, but I was I'm on the phone, screaming with people that we can't keep selling off on higher interest rates. We just can't. The economy is better. It was oil was cracking on Tuesday, That's what it was.
Well, you have the other thing. Well, there's several FED speakers there that we're talking about no pause. We're going to raise interest rates because there's still more inflation than we can can think of the covert let me get the conversation I was ha you with people on Tuesdays. The market was reacting
to the perception of higher rates. Was we can't keep doing this. And what I need is the market eventually prices everything in okay, And I just we've been in this moment for the last almost eighteen months of rates equals recession. Tomorrow equals cell stocks, cell energy, cells, cyclicals. Meanwhile, the economic data stays strong and there's this new whether it's hard landing soft landing. I'll give you another scenario that's starting to emerge, which is no landing.
It's two years later. We still haven't beaten inflation. Rates are about where they are, but we also have at cracked the economy. I gotta tell you. In that scenario, stocks are higher and they're higher because by definition, in that scenario, earnings have continued to grow. Well, you have seen that on a continual basis with the earnings reports that have been coming
out. Again, there have still been more companies h in a lot of industries that have beat the estimates and and and or have beat beat and raised their numbers going into even a summer quarter and in and also for the for the end of the year. So either the numbers were taken down way too much, or these companies have um we'll say, leaned themselves so that they're going to be making more money. Uh, anticipating a slower economy. Yeah.
Uh. And when you talk about that recession, I did see you know, a few analysts talking on Friday about just just that, well, we were we thought that there'd be a recession happening in late twenty twenty two, or if not, in early twenty twenty three. And now as you said, we're talking, well, there might not be a recession, or it could happen in twenty twenty four. We'll see, we don't we don't
know, we don't know. But the short term, I mean, this market is just gonna wreck the people that are hedged and that's the world I come from, where people are long and short. Last month was about one of the worst months for long short equities, and they got blown up on their shorts. They got blown up again this week, I mean just destroyed. And you so you saw the first part of the of most rallies is high short interest stocks start ripping, right, and then that sort of cascades
because guys have to cover. And the question I had for the last week and a half was which way are we going to break here? Are the shorts going to be able to repress down or are we just kind of a broaden rally. And in Friday on this job's number, you just saw broad based. Okay, I guess we have to be long. You had a coiled spring of guys underinvested because of the dead ceiling debate. Now when you start talking about underinvested, what do you mean more cash than they otherwise would
have. Okay. And you also have this dynamic that is so unbelievable that we've seen. It's one of the strongest technicals I've seen in my life, and we've seen it since the global financial crisis, which is most active managers who track the S and P five hundred are underweight the fang stocks that's big tech Facebook, Amazon, Apple and Metaflix, Google, what have you.
I'm using that meta you know bistically I'll include in video today. But they're short those stocks because when you sell investments as a business, and this, by the way, is not us. Our biggest positions are Apple and Amazon. Right, we're massive Apple and Amazon people. But most active managers are underweight those stocks because they feel they don't get paid to tell people to buy
those stocks. And when you have this gap like what you have this year, where the the S and P five hundred, which is market kapwaited, is up twelve and the average stock is only up to what does that mean? It means most active managers are massively lagging well the benchmark. And what do they have to do? How do you get fired in this business you massively underperform in and up here. Most people don't get fired in down years,
they get fired in up years. And so you're gonna have this dynamic for the rest of the year where people have to chase and that so if we have a further break up next week, you are going to see more fomo fear of missing out and this is what that will be a whole change in viewpoint right, because it looks like we just climbed a heck of a lot of walla worry. And we'll come back and I'll explain what a walla
worry is. What it looks like. We have all these negatives and the market keeps rowling, and at some point people crack and they say, I guess it's all priced in, and then they press. But we'll come back. This is Josh Arnold, mister money talk with Judd Arnold, here to answer your questions on stocks, bonds, mutual funds that you should position your investment dollars. Don't hesitate to give us a call nine five two nine two five, five, six or eight. We're here to help you, said
Josh Arnold. Missed term money Talk with Jet Arnold Security answer your questions on stocks, bonds, mutual funds that you should position your investment dollars, including your IRA in four oh one k. Don't hesitate to give us a call nine to five two nine two five five six o eight. That's nine to five two nine two five five six o eight. You'll always get straight talk, not sure coded advice. Active managers. Jet being underweight stocks or underweight
in certain stocks. In particular where we are very much overweight, we add
our four half Amazon. We are we have always been, and I have always been very will say focused and concentrated in certain companies, and definitely in certain industries, particularly Internet related companies, leisure related businesses, China related businesses, real assets such as oil and real estate, doing some short term trading, and then keeping an asset allocation model of up to thirty percent in cash, both for safety and to take advantage of any market pullbacks, of which
typically there are three to four every year of five to ten percent, and then the balance invested in in those stock areas. But most, as you said, most active managers, most mutual fund managers, being being active or non indexed, are under way some of the large, larger stocks, and by underweight. Will say, if Apple is seven percent of the benchmark, they might only own one or two percent of Apple in their portfoward. Correct.
Now you have two categories of underweight with dig tech. You've got Apple, Microsoft, I'm forgetting the third one that's over five percent a lot of Well, you've got the Amazon. Amazon is up there. Well, let's just say it's Microsoft and Apple. Okay, because those are seven eight percent of the index each. There's a lot of mutual funds that can only own five percent positions, so they are by rule underweight. Okay, Microsoft and an Apple? All right. There's another group of people who just say,
I don't like these weights. If I'm going to take a five to six percent position in anything, I'm going to be high conviction just because the index is five to six percent, I'm not doing it. And these stocks have screamed more expensive than other stocks, and so what do most active managers inaggregate do? Again, this is not us. We are massive an Apple on Amazon? Okay, they are long quote unquote quality and their long value and
their short growth. Okay, so that would mean if they're if they're long value, more very heavy and financials for very heavy and financials, which has been a disaster this year. Industrials, energy and generally have less tech and less gross stuff. And so when you have a year like we're having right now, which we've seen this play out multiple times since the global financial crisis, where fang has carried that's the big text complex has carried the indsease.
You have this big spread between the SMP five hundred, which is a market cap weighted index that's off about twelve percent this year, and the equal weighted SMP, which is if you wait all five hundred stocks equally, that's only up to you have a ten point spread. And what that means is you're gonna have a lot of active managers because of what's outperforming, that are massively
underperforming. And if you have a rally like it looked like we were gaining steam Thursday and certainly Friday, you are going to have a phoo effect, the fear of missing out because people know that they're going to lose their job, and they're gonna lose their client, and they're going to chase into a low liquidity summer. And so I've been We've been cautious, but invested, fearful, all the usual stuff. But we have thrown everything at this market.
And not to say that we're not cautious all the time. We are. And I'm talking more as a trade or not as an investor. Right now, when you say we, I think I think you're you're You're not talking about you and I specifically you're talking about all of the negative input that has come at the at the market or outside inputs, whether it's the death celing, interest rates, interest rates rising, fear of recession, etc. All all this stuff, and it's the market because most people are programs who
are professionals to say, at some point it's all priced in. And when we've been talking about all the same stuff, and I at this moment talk about the last segment. On Tuesday, we had some macro economic data. Oil sold off because people said the Fed has to hike ergo hike equals recession, ergo sell oil, and oils down four percent on Tuesday, and I'm throwing stuff at my screen. This is like, how many times can we do this? This is crazy? At some point the economy just isn't going
to go into recession tomorrow. We've been pricing it. We're supposed to be in a great depression right now. If you talk to people twelve months ago, and I'm not saying we weren't some of those people, but we maintain our investments, we keep our cash balance. You keep playing rish management, but boy, this just I don't know what else you can throw at this market. And when you have this gap, and so what I'm what we're
basically saying is SMP up twelve, RSP the equal weight up two. I'm not saying the index, the S and P five hundred's going to go up another you know, ten twelve percent. But if you move the RSP the equal ad SMP from up two to up seven, the aggregatet move that you're talking about across the market is gonna massive, massive, massive, and you're
gonna mean the wealth effect and all these other things. And so that's what I'm really saying is and then it's kind of cascade through credit, credit loosen stuff. We're already seeing IPOs loosen up. We had a bunch of IPOs last two weeks ago, a bunch more of this week. Credits wide open, and so all the negatives that we were on the precipice of during Silicon values. I want I want to stop you there when you say credit is
wide open. How does credit get wide wide open when you've had all these issues with the banks, and banks probably probably cutting back on what they're lending lending too. So we're still gonna I think we have the nineteen ninety ninety one scenario, okay, where we have nineteen ninety two. You had all the same things and loans go under. They owned a bunch of commercial real estate loans. We had set up the RTC Resolution Trust Corporation to buy all
those loans. They sold off all these things in a lot of real estate entreprette much made a ton of money. We have a commercial real estate problem and a bank loan problem in this country far and away, okay, but you have shadow bank lenity of other people. The bond markets still open. And look, I know a few people were as terrified as I was during the bank thing, but here we are. It just it looks better.
I still think we lose more banks, but the probability of it being a localized issue contained a cr and some banks, as opposed to a systemic issue impacting everything is higher. It's gonna be a local Right now, it looks like a localized issue. And it doesn't look like we're gonna have this disaster, at least for in the short run. But we'll see. You know,
you stay cautious. There's still a lot of bank stuff. But in the short run, the shortest call is it looks like the RSP is going to rally against the SMP five hundred in that gap of ten points is going to close. And if that happens, man, the equity market fields a hack couple lot better and credit keeps getting looser and you're just in a different place. The second third order impacts that are huge. Well, if if that's the case, Uh, where were some of the places that you would
go that be? I was saying a little different from where look energies right, Yeah, energy is lagged a punch that started to work this week in space after the Tuesday low when I was throwing stuff at the screen. By Friday we were ripping an energy and that's been that. That's probably the biggest
catch up because that's down early in the week. Energy the SMP five hundred Energy index was down double digits for the year, twenty points spread versus the index after two huge years mind you right, So I think that's the biggest catch up trade. For people who are a little more conservative, you can just buy XLA. Uh you know. TDW is my big pick there. NFE is also an interesting one well. Td td W is Tidewater, which
is an offshore drilling drilling company. Yep xl E being the Energy Exchange Traded Traded fund which is overweight Xon and Chevron and then you mentioned a national gas company that we've talked about before, NFE New Fortress Energy, which is trading at a fraction of it. Unclear when that one works, but we'll see. UM. So that's interesting, and I think it's more the smaller stuff,
sort of my neighborhood of the world. Zim V z I m V, which is a dental company, is spinoff up from five to nine right now, probably worth about twenty five training about six and a half times earnings, should be trading about twelve fifteen times. That's a spinoff. That's when we we've owned for a while, and I've done pretty well in That's another one. I like a bunch. So I think that you know, it's too early. Where do we not want We still want to go to real
estate, we still want to go to financials. And I don't care because here's the thing. When banks are going down, it's really easy to say why we don't own banks when thanks are going up. I'll tell you the reason we don't own banks because when banks are going up, it means you can make money everywhere else and you don't have to own banks. You never have to own banks. I'll make it. I'm not I'm not a I'm not a bank bank investor. I've never been a bank investor. Uh.
So I'll leave that to other to other people, but banks banks. Even then, I'll say, when when interest rates were going up and people said you got to own banks because interest rates are going up, and said that that makes no sense. Uh, And now and when interest rates did get up, bank banks uh got toasted. So I still don't want to own own banks or other other financials. Well, well, well we'll have to come back to this when we come when we come back for our last segment,
so we'll be back with more. This is Josh Arnold. Money Talk with Judd Arnold here to help you with your investments, whether it's inside or outside of retirement accounts. Give us a call nine to five two nine two five five to six o eight. You'll always get straight talk, not sugar
coded advice. This is Josh Arnold. Missed your money Talk with Judd Arnold here to answer your questions on stocks, funds, utual funds, how you should position your investment dollars including your IRA at four one K. Don't hesitate to give us a call at nine five two at nine two five five six o eight. That's nine five two nine two five five six o eight. We're here to to help you. Now, one area that has been we'll say difficult, difficult and on one one hand and maybe easy on the other
hand, has been we'll say retail. I'll say retail broadly because I does give a very big picture on what's happening with with consumers and consumers pending, and then select retail in particular. I mean this this past week we had we'll say the good, good, the bad, the ugly happening. Uh in retail. The good would be Lulu Lemon, which you know some people call more of a lifestyle than an actual retailer. And they they beat and raised, saw their stock good jump jump up. Uh. Then you saw
Macy's missed and cut their cut their estimates that went down. You saw a Dollar General follow on with Dollar Tree missing big time and seeing that you know that stock dry as drop as well. Um, you saw some difficulty even with advanced autoparts, but still some positive coming from O'Reilly autoparts. So that's
a little bit on the well. I think. Look, you have to you have to segment this retail stuff between company specific issues and actual issues and macroreadthrough advanced autoport and apt advanced Autlepoards has been an unmitigated disaster of a company for about six years. It's been cheap the whole time they can operate. I'm reading nothing into that. Likewise, Victoria's Secret taker Vsco, which spun out a few years from limited brands, can't buy a bucket in basketball terms.
You got sales down fifteen percent in their stores. Small based retail, massive competition. You went from twenty years ago to a virtual monopoly. Now you're getting competed with on all sides. And there's one thing I know retail does not do well with, and that's declining sales and a fading brand because you keep losing your inventory. You over inventory, right, and then you get stuffed with the inventory and you're the negative marchin brand. Mean, Victoria's
Secret didn't make a million dollars in profit this quarter? Seven hundred grand a profit? Are you kidding me? On? Billions in sales? Right? And that was at one point where I was a leader, And that's because it's just so hard when you put a fifteen percent revit same store sales head win in the US, you just can't do it because it's an inventory business. Let's leave those aside. Okay, okay, the consumer I don't know actually if there is the same consumer broad thing going on the way that there
was twenty years ago. You look at the components of the economy, right, we're a winner take all place. That's it. The biggest winners are international companies and the wealth. The wealthy have plenty of money. Spending is up and accurate. Now you did see dollar general, like you mentioned, what a disaster the low end. These people are getting tattooed with if they've been the biggest losers from inflation, because inflation always robs the poor, the
most biggest, definitely, big big loser. With the rise in interest rates, rates crushes them. They borrow credit card debt, and they have had the rise in the price of gasoline, right all I'm saying inflation. All right, So well, let's let's take up the components of inflation, gasoline, electricity, natural gas, food, everything these people do. Wages are up twenty seven percent in the last two years, and the cost of living,
I believe is up about seventy for these people. They're getting a viscerated and so dollar General is a heck of a lot lower shrinking, which is the euthemistic term for theft in retail, is going vertical, and who can blame these people? This is failed government policy, top center across the board. And while that is a different podcast and a different show, we do have to say when Dollar General goes down reports numbers that it did, that
is a policy here. It's not like it the bottom quintile twenty percent of Americans have any say in anything. They're getting a bad deal and it stinks anyway. That's not indicative though, of the larger economy, the number of like apples still selling, plenty of iPhones, and so all this stuff. It's interesting anecdotally. But for me, I think the biggest thing that was scary going back a little bit big picture, we were on the precipice of
a massive bank failure that was preventable. But after Silicon Valley Bank, we were going to lose a lot more banks. And even when might we're still going to lose, but it's gonna be spread out. Okay. We can have when you can have with credit is you can have twenty banks fail over five years, which you can't have ten banks fail for one month. Well didn't have that, but that was that was a fear. That's the problem.
So we're gonna get that spread out. So the credit markets of loosing the capital markets are kind of open and we'll see what We'll see what happens. But I am I was buying all week, That's all I know. I was bought up, buying all week, staring at my screen saying I don't own enough stuff. And I think you know the theme of the show this week and the message we've been giving people, SMP five hundred up twelve,
equal weight, SMP five hundred up two. We think the equal weight is going to keep rallying and that's going to only further loosen up the credit market, which enables the economy to last longer, which means a recession isn't coming in six seven months. And that means you could buy stocks, which is scary because there's still so much scary stuff. But I think a lot
of scary stuff is pricing anywall. I'm going to continue with my with my focus on companies have still involved in the Internet, companies involved in leisure, China related businesses, and some of the you know real assts and some of the short term trading. You know that I have been doing the short term trading trading. Some can work. Some excuse, well, they can't work if you can't suck there you there you go. But I we've had a big You've had a big year. You're up with a twenty five percent this
year, keep going up? What are you up? What do you? What do you? What do you? What do you do? You got? Well, we don't want to drive too much. But then after fees, the UM I'll say the peace PCP, which would back tracking portfolio and that that is up year year to date. Now that's up year to date. And then after fees, uh about thirty and a half percent and on a five year basis, I two seventy's it's a lot two hundred and seventy percent. Well, what we have with with for numbers, we're capping next
week. But the cap first, the SMP five hundred verse, our our core client portfolios is over one hundred percent for a hundred percentage points, not double one hundred percentage. So we'll be out with these average happy to walk anybody through them. But that's our focus. Yeah, we're gonna apple. Look, there's a lot to be said, I play around in a lot of small stocks. I would have been a lot smarter and I just bought big stuff, went to the beach. Maybe I should go to the beach
right now, Well, you might be going to the beach. I go to the your daughter. Your daughter's down by the beach, so you get to get to see her. Yeah. Um, but there is going to be a lot continue to be a lot of volatility that do have to pay attention to. We do like even in an upmarket, it's still having having plenty of cash because there's gonna be an inevitable pullback. Uh, and probably the inevitable pullback over the next next few weeks we'll have something to do with
the Federal Reserve more than anything else. Uh. Then you then we've got the summer, which is typically was typically a little less less trading, and you have to pay pay a little bit more more attention. But you know, on the on the on the whole. Uh, we're a little more bullish right now. Friday Friday was definitive. We got an OPEC meeting on Sunday. We'll see what they do. They make cut, but I think that was kind of priced in on Friday. I hope everybody is a great
week. Happy to chat with anybody. You take everybody to lunch. So if you want to launch, call Joshine twine two, five, five, six or eight. I am Josh Arnold, mister Money. Talk with Judd Arnold. Fuck you next week. Josh Arnold Investment Consultant is a registered investment advisor located in the state of Minnesota. All securities discussed are for informational purposes.
Only investing can he's risk, including risk of loss. Consult your investment professional before making any decisions about your investment portfolio.