The Jon Sanchez Show
09/20-Now what? What are the next buy catalysts for investors?
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Man, I missed you on Wednesday when we had the interest rate decision. I want to give it anything to have here. So we're going to play catch-up. Yeah, I was going to say we got plenty to talk about. We're going to go back and reflect back on Wednesday on top of all the other activity of this week. And what a week it was. A very strong week as far as the overall average performance. We got out of today on a quadruple option expiration day. I'll let Jason explain that since he's the option expert as to what that really meant, because I mentioned it many times on the show, but I'll let him go deep into the bowels of the market and explain exactly what happened behind the scenes, because we didn't get anywhere fast. But Doug, gone at Jason, give me a high five. I got another record close out of my time. Your market like that. Yeah, your market was up today. Yeah. We just got here in the early points. Yeah. Say the market was up and like it was. Ah, the market, yes. A little honey index called the dowels. That's for hours. No, it's big. It's got 42,000 something points. Yeah, exactly. Yeah, exactly. Yeah, what a what a week down 50 hats. Those are going to be fun. I'm excited about those. Down 50,000 hats, man. Oh, man. Print those bad boys out. Right? Yep. That's right. That's right. That's right. I mean, some point it's going to happen. Yeah, because Jason and I both had down 10,000 hats and now have down 42,000 plus. So yeah, that would be a heck of a milestone. Yeah. A mile stone. You know, I was going to I was going to mention I'm one of my stock updates with Ross this morning, again, to age myself and date myself that, you know, I've said this before on the show, but we have a lot of new listeners. You know, when I got in this business, 35 plus years ago, almost 36 years ago, we were just barely over 2,000 on the Dow and it's sitting here sitting here to look at at 42,000, a record close again today. You just sit there and you just shake your head and said, man, if I would have just been smart enough to buy the, you know, the Dow ETF or the S&P ETF or the Nasdaq ETF, you'd be done. Well, when you started, guess what? They didn't have. They weren't around. That's why you didn't do it. You would have, but they didn't. I would have. That's right. Thank you for making me look good. Absolutely. I would have been around in '93. But there were plenty of stocks that would have would have done just the same. That's probably better. I was graduating from high school in '93. Wow. Go ahead, rub it in. It's not that much. It's not that much far. I know you're catching me, though. You're catching me. All right. Well, you can tell Jason and I in a very good mood. We had a great week today and we're going to recap. That's what we're going to spend the show doing is really, since both of us are back together, really go back and relive this week. You know, this was a week where you as investors, you exhibited some extremely strong buying interest yesterday along with some other reasons that we'll share with you, of course, after the Fed initiated a 1/2% interest rate cut the previous day on Wednesday. And then overall, what we really like to see is the overall buying action was widespread. It was very diversified across the various sectors. That was something, of course, that we were hoping for. But now that's all behind us, right? The market's closed. It's going to be a fresh week before we know it. So here's our job for you. Now we have to ask ourselves the following question. What will investors focus on going forward as a buying catalyst, right? Fed interest rate decisions behind us, Jason, bulk of earnings season is behind us. As you and I say, the spoiled child that just got his shiny red bike in front of the run beneath the Christmas tree, that's all opened up. And, you know, we mentioned this on Wednesday, it's like, okay, now what? So we've got to find some areas for you to get excited about as an investor going forward until really the next major milestone as we'll discuss, which will be the election between now and then kind of quiet, just your normal stuff going on. So we've got a lot of things we're going to chat with you about. But first, let us turn it over to Mr. Gaunt as he always does so eloquently and give us a great market recap for the day. Yeah, I mean, today, say a couple of things. Utility's very strong today. You had some news out that we'll continue to hear more of, but data centers and the requirements for energy are going to probably make them do some odd things of which this one, you know, firing up my island again. Right. I mean, so nuclear or nuclear, whoever you'd however you'd say it, that's an area that people have been talking a lot about, right? It's sort of a tweener of, and I know that Germany and some of those countries that shut theirs down are kicking themselves now, given that they were in a tough spot. But those are areas that can, I wouldn't be surprised to see coming back, you know, outside today. Yeah, well, constellation energy. Yeah. So what was announced today is Microsoft, you know, essentially signed a 20 year purchase agreement with constellation energy, and they're going to fire up three mile island again, which I think didn't go very well last time. Hopefully they've, they've, you know, put some bubble wrap or something around that thing. And it should be fine, I would imagine. But just the demand for energy is going to be something that you should be thinking about in all of your portfolios, into the future, right? The AI buzz, you've seen utilities for two reasons be strong this year. One, this, the fact that, you know, there's going to be a massive need for power, not only for data centers, but if electric cars continue their pseudo proliferation, that's going to create demand. But the other side is people have been going after utilities, because when yields, or you know, yields on the 10 years start to fall, which they have, people have gotten used to these 5% interest rate payouts on their savings accounts, and they start looking in other places and utilities have very strong payouts, other dividend equities. But you've got sort of a double edged sword in a good way. And utilities were up over two and a half percent today as a sector clearly because of constellation energy. But there were other names too, energy, et cetera, that did quite well as people start to chase that sector for all those reasons. But you're going to hear more and more added. Other nodes, you know, that's, but that's the fun part is finding, you know, bank shots around the AI and utilities is one of them. Great analogy there. Yeah, I like the bank shot theory. Let's pause right there if you can just remember where you are mentally as far as the market recax. I want to pause on this, is a very interesting area, this, this energy side of things. So one thing that Jason and I saw, really started unfolding, I'd say within the last three to six months is some of our institutional partners have begun becoming very aggressive going out in acquiring data centers. This to Jason's point is the next level. It's like, okay, you can have a great data center, you know, to run AI and so on and so forth. But you know, you got to power it. That means nothing without power. And so this consolation energy, I think this was a huge run up on the stock today, folks. I mean, keep in mind, this is utility that the stock rose $46 and 48 cents today, 2.29 percent, 254 and 98 even edge up just a couple cents in the after hour session here at 255.09. But you know, we go back to what you're saying, Jason. I mean, this is going to collect a lot of controversy. But who would have ever thought that three mile island, which again, melted down back in 1979, worst nuclear accident ever in US history is now firing back up, right? And who would have ever thought that we know there's a power problem in this country, right? This is another reason why utilities are great, because people are searching, meaning companies, et cetera, for reliable power. We all know what happens in the summertime around this country. And even in the winter time, you know, just ask Texas how things are. So I think there's a sensational desire right now for utilities and power in general. Also, again, your great point about the declining yield environment. This is a place you can find above average yields in most cases. But I thought it was fascinating to see this that Microsoft would be, you know, the company that would step in and do this. They again, if you're not familiar, if you're maybe you're too young, or, you know, if you're older like myself, you remember three mile island, remember they're in middle town, Pennsylvania, they're going to come back online. It's not going to happen tomorrow or next week. It's going to be the year 2028 subject, of course, to nuclear regulatory commission approval. They also plan to extend the plan's operation to at least the year 2054. And then as Jason said, Microsoft's going to purchase electricity from the plant for, you know, under a 20 year agreement to match the energy its data centers consumed with carbon free power. I mean, the list goes on and on. So I just I don't know about you, Jason. I think you hear it in your voice. I think you're as excited about this as I am. But it's just a like said, another nugget that's out there. It's not AI specific, but it's AI related. And I think what we need to be doing is opening our minds a little bit more and really walking down the food chain saying, okay, you know, we've got these chips that everybody wants. Now, once they get them up and running, what's going to power them? Who's going to maintain them? I mean, the list goes on and on. What's the real estate acquisitions that these companies, you know, either they're going to build or they're going to buy most likely build. Again, some of our institutional partners are going nuts. I mean, raising billions and billions and billions of dollars going out and acquiring land to build these facilities. And again, these folks, this is this to show you that AI is here to stay. These again, these massive sums of money that it's being invested. This is not quick trade money, like maybe into some other sectors. This is long term money. I mean, think about the time period it takes to build a data center, Jason, and of course, to provide the power and on and on. These guys are looking out many years into the future. And I think that's one of the exciting things about this. Yeah, you need to. It's not something you're going to tilt up overnight, right? But there's companies out there. I think OKLO is one where they do nuclear sort of tip up facilities. And I don't, it's not like you put a tent up, but like they're more micro based nuclear offerings. They just came out, I don't know, six months ago, IPO. So there's there's going to be more and more companies like that that are, you know, going to at least help with the needs of the demand for all things electric and obviously, data centers are going to be a big one. Absolutely. I'm just looking at some of the, you've got a new scale, which is going to deploy a new site in Idaho that was canceled last year. Project's price tag has ballooned from five billion to nine billion. Let's see how that stock did today. The 11.34 percent are $1.9 to $10.70. Dominion energy, big name, of course, out there, moved up a little bit today, just three quarters of a percent. But yeah, this could be a fun project to start doing some, some, some sniffing underneath the rocks. Yeah, that awkward was up 27 percent today. OK. Amazing, amazing. Yeah. So anyways, just one of the many highlights of this very active week, we'll continue our discussion on what happened. And again, what are we going to sink our teeth into now that the Fed interest rate decision is behind us? Let us move it on over to a Jack Saban. He's in the right now, traffic center. Hey, Jack, welcome back to the John Sanchez show a new stock, 780 K OH with Jason on the Sanchez wealth management. All right, a volatile session due to do a quad witching expiration. But when it's all said and done, didn't look all that exciting. Finished up 38 on the Dow to a record close of 42,063. Nasdaq lost 67 or 0.36 percent. S&P lower by nine point, or excuse me, 11 points to finish up 5,702. Also quite an oil, one tenth of a percent decline, 7101 a barrel. Gold was another good run today. We'll get some overview as to what's been behind the push and gold prices recently, $13.60 rise, 2006, 4620. And quite in the bond market down to just one basis point on the 10 year ago, close of 373. But for the week up eight basis points. All right, we're talking about this again, 20 plus year deal that Microsoft signed to start taking some power from the old three, three mile island. But Jason, there was another big story that occurred somewhat towards the close, if memory serves me correctly on the time. And that is Qualcomm, CMC reported at least, and the companies have confirmed it. Qualcomm recently approached chip maker Intel Dow component also in regards of some type of a who knows partnership, a buyout, a takeover, who knows what it is, Wall Street Journal's first to report on the matter. So a little bit of a pop in Intel when that news came up and kind of held there, finished up 3.31 percent for the data, 2184, up just a slightly 18 cents after hours, the 2202. But boy, that would be one of the largest mergers ever if that deal could go through. I don't know, I don't, I don't, definitely, I can put it this way. Definitely under the Biden administration, this thing would never pass, never pass, in my opinion, the Department of Justice, you know, because these companies deal with China and so on and so forth. But, you know, Intel's got a market cap at $90 billion, forget what the market cap is on Qualcomm, it's massive. And, you know, it's just not going to happen. But Intel, we know, has struggled. They said at the early part of the week that they're thinking of splitting their businesses apart and, you know, looking over the next five years, getting some outside investment, so and so forth. So I think this deal potentially could have some teeth. But what a deal that would be if that happened, wouldn't it? Yeah, I mean, again, it'd be two drunks holding each other up, you know, the, it's, it's, I mean, right, I, you know, Intel has just been in a death spiral. I mean, that thing, unfortunately, you know, CEO after CEO after CEO, and this one I don't think has done himself any services as well. I can see a case for the two of them getting together, right? I mean, obviously, I agree with you, it'll probably just be an antitrust disaster. But I mean, you've got AMD and you've got Nvidia, it's not like Nvidia merging with someone. I think it's in the US's best interest to have more strong players Intel and Qualcomm don't overlap heavily in where their core strengths are. So, you know, if they were both chipset makers for computers, or they were both, you know, wireless Wi-Fi chipset makers, but they, they, they sort of have their own lane. So, I'd be interesting, or just maybe they're looking for parts of the business, but there's going to be more conglomerates, I think, like these merging. I call them conglomerates because they're not just one-trick ponies, they make lots of different types of, you know, semi-related components, etc., you know, Qualcomm is not just cell phone packets, etc., but I think that it could be something that probably keeps a little bit of excitement. I'm sure they'll deny parts of it over the weekend, which again, doesn't mean that it's not going to happen. But, you know, I like to see it. I think we need more M&A in general. I mean, the fact that this market is done as much as it has and the IPO is, there's been nothing, like even had a big IPO in ever, right? I mean, I know SPACs came in there and I think hollowed out the IPO pipeline to some extent, but yeah, I think it would fill back in, especially as interest rates come down. But I think private credit and private equity have swallowed up so many companies too that aren't quite ready for prime time. Qualcomm's $93 billion market trap. So, I'm sorry, that's until I apologize. I'll look up Qualcomm. But yeah, it would be interesting. I think, like I said, I'd like to see more M&A for sure. I don't know if it's going to be these two, but I bet we get more of it in 2025 even regardless, $188 billion for Qualcomm, regardless of who is in, you know, the hot seat as far as this administration or who knows what the next one is. Yeah, exactly. Well, I think what a lot of people don't understand also, Qualcomm folks, they do not make chips. They buy their chips and they create a lot of chip licensing deals. Yeah, big licensor. And let me tell you, they are also one heck of a group of suitors too. They have over the years, I've seen them win some of the most massive lawsuits for copyright infringement and so on and so forth. So, they got also one heck of a legal team. I'll tell you that. You haven't heard that in a while, but boy, that's in the past, they used to make a lot of money suing other companies for taking their technology and things like that. But yeah, it could be interesting, but yeah, Qualcomm buys their chips from the likes of Taiwan, semiconductor, Samsung, etc. So, to come in and buy a true manufacturer, such as Intel, it could be very interesting to compete. But, you know, folks, this is the point we're getting to, you know, here's another AI type of theme, right? You would never hear these two companies talking, most likely, if AI and chips were not in such demand. But that's the new world that we live in. And so, we will see again, I'm sure many other companies, especially under a Republican administration next year where they're not. I mean, folks, Wall Street, you've already called it a Republican administration next year? Yeah, of course, I have. Of course, I'm a, I'm a, I'm a, I'm a positive thinker, just for optimism. He's already cast the check. Look at that. Absolutely. That's good. Folks, we don't need an election. We're good. We're all done. But in all seriousness, I mean, corporate America is, is terrified of the Biden administration, and I the, the Harris administration from a, from a federal trade commission standpoint, right? They have squashed more deals and caused more corporate problems. And I, frankly, I think that's one of the reasons you're seeing back to your point, while we haven't seen a lot of IPOs and other, you know, corporate activity. Companies are just terrified. They're like, why are we going to go spend all this money on bankers and attorneys and stuff like that, when, you know, the Biden administration is going to come out and squashed a deal. I mean, look at how many deals they have just put the kabosh to. So I think that's the other thing too. A lot of companies are just going to wait to see what the outcome of the election is and, and then make their decision going forward from there. But I know if I was in that position, if I didn't, you know, really desperately need the capital, I'd sit back and go, all right. You know, rates are coming down. So that's going to make it a little bit cheaper for me. I'll get a higher valuation. And then secondly, let's wait and see if we get a different administration that would actually let my deal go through because right now it's almost certain that they're not. I mean, they allow any deal to go through hardly. So yeah, a lot of different things. That's interesting point. The investment banking side of the business. All right. We'll continue on our markets recap of the day of the week. Again, big news on Nike today. We'll share that with you and not much more. But first, let's turn it over to Greg Nef. News, traffic, and weather. Hey, Greg, welcome back to the John Sanchez show on new stock 780 KOHH with Jason Gaunt. Once again, we finished with a record close of 38 points, 42,063 on the Dow, NASDAQ law 66, S&P lower by 11. So many things to talk about for from this week, Fed interest rate decision, et cetera. So we're plowing through all of our bullet points for you. But first, got a great, great announcement for you. Once you remark your calendar, Wednesday, October the 2nd, 6 30 p.m. Be there or be squares, we like to say. What is this? 12 months to retirement webinar that Jason and I are putting on. This is our next webinar. We told you we're going to try to do one of these a month. And this is going to be a great one. Again, as we've discussed until we're blue in the face on this show, there are time periods in your life that you cannot afford to make mistakes. And let me tell you folks, 12 months until retirement is one of those time periods. You cannot suffer major stock market losses. You have to make sure the eyes are dotted, the teaser crossed, or it could be a very troubling retirement for you. So we're going to make sure that doesn't happen, right? Because we care about you. So we're going to cover so many things in this one year crucial time window. Medical and life insurance needs, Medicare, window file for Social Security, asset protection strategies, creating a secure estate plan. Plus we're going to throw in tax strategies. So much more. And again, one thing we love talking to clients about and that is creating and most importantly, sustaining retirement income. It's a free webinar. Again, it's going to be on October the 2nd, 6 30 p.m. All you got to do is go to our website, Sanchez, a wealth management.com, click on our live events tab and make a make a reservation. But I'm going to ask a favor of all of you. Jason, hope you didn't get mad at me, but I'm going to get a little, let me get a little testy here. Folks, you have no idea how much work goes on putting on one of these webinars. You think we just sit down and do this? But as I said before, Jason, I have the easy part, right? We get to do something we we do all day long, which is talk about investments. That's our love and our passion. But our staff, our consultants and things, they are the ones that go through all the work of putting these together. So my point is, we had a bunch of people sign up at the last one and about half of you did not show up. Do me a favor. Say if you're not going to attend, don't just sign up. If you think you're going to do it, you need to make a commitment. Jason and I are making a commitment to you. You need to make a commitment. If you're going to sign up for this thing, sign up. So you're not taking somebody else's spot because the worst thing that can happen is, you know, again, we don't want this thing real big because we do have a Q&A session at the end. But this is this is serious stuff, folks. We're not doing this. You know, we don't want a bunch of you shine is showing up if this is something of no interest and you're just trying to kill time on, you know, Wednesday night on October the 2nd. Leave the spots open for people that really want to learn and that frankly are, you know, in this window because this is a very important topic. This is a major, major issue. Jason and I deal with this every day with our clients. You know, you they come to us and like, okay, I'm ready to retire. Well, now the wheels start turning. We've got a lot of things we've got to do. And we're going to share that with you, right? We're going to give you some of our knowledge and our experience of how this is done. So Jason, I don't know about you, but I don't know if that was a frustration, but I'm just going to, like I said, be real blunt and honest. I know you probably don't like me doing that, but I get frustrated with stuff like that. I mean, this is this is not a joke. This isn't, you know, we don't need any of you to show up. We're doing this for you. So if you're going to be serious, please show up, click again at sanchezwealthmanagement.com under the events tab. But if not, you know, go do something else on a Wednesday night. It's a lot of information, too, right? You know, it's a nice part to, I'd say, anything, any webinars that we do, whether you're live or not, they're still on our website. So you can go check them out at any point. But, you know, it's it's actually fun to do as nutty as that sounds. Love a lot of love a lot of lot of info that comes out of it, and we get some good questions, etc. So yeah, definitely check it out. Beautiful. Love it. All right. It's Friday. We can kind of goof off a little bit, right? Sure. And a lot of great stuff. Okay, so I'm going to quiz you a little bit on something. Okay. What? What what business there we go. It's the term I'm looking for. What business used to have the slogan created in the late 80s will leave the light on for you. Motel six. Oh, I mean, you're good. You're so good. I'll take it even farther. Blackstone, I think it's sold there. Motel six days to somebody today. Yeah, I can't stump you whatsoever. That's right. Yeah. Blackstone has agreed today to sell the Motel six franchise along with many other investments they own, of course. Yeah, to a Japanese group. Oh, yo, new owner of today. So yeah, it's now the American icon is going to be foreknown. I don't know if I'm going to call it an American icon. Yeah, it's funny. You can't tell me in your younger years, you mean Tom Bodette from Motel six. You want me to really go there? That was the voice of Motel six. So you have spent a night on a motel six. I think so. Yeah, that you can read. Well, I can remember. Yes, I did. Yes. Not the nights that I want to remember that I'm proud. Exactly. Right. I woke up and yeah, just sadness and yeah. Right. I know. Maybe I have, maybe I haven't. I'm not going to tell you or any of the people listening, right? Yeah, I'm sure everybody out there's laughing right now going, yep, that's me too. Remember at high school, college, et cetera. But yeah, so it's got sold today. Let's see. What was the price tag? Let's see 525 million dollars top of my head. What is the number? There you go. All right. I literally just that was off my head. That's sad. I need to put some more important stuff inside my head. So wait a minute here. Okay. He said 520, but I'm showing here that Blackstone bought it for 1.9 billion. So that was a bad trade. I'm just a guy. I think that was about a 12 years ago in a deal of value to 1.9 billion. That's called a loss, right? Don't they do that for a capital loss of some kind? That's not a good deal. I'm not too happy with that one. They can get it out against some gains. This is true. This is true. Right. Yeah. Yeah. This is true. Annual gross room revenue. It's pretty staggering. 1.7 billion dollars at that. So there's a lot of people still going on a motel six. A lot of people 1.7 billion on revenue. All right. You're now up to date. We'll see if the name's going to stay the same or for change, but it is. I don't think they bought it for the real estate. It's probably the name, right? Maybe they'll do some room remodels or something. Updates. Yeah. Exactly. We're the wood paneling. All right. So let's see how much you really know. Where was the first motel six? I'm a guest somewhere in the Midwest. Right. That'd be normal. That'd be a logical choice. You're wrong. I'll finally get you. Right down the street from where I am right now. Really? Yep. Center, Barbara. Good morning. Now that room's like, I guess. It's probably still there. It's a couple hundred bucks a night plus now, because it's in center. I would imagine, yeah. Or it probably is an hourly rate, if it's a motel six, right? Hey, come on. Now they're a quality. Oh, we're having fun here, right? We are. We are. Well, sometimes you need to nap, right? I mean, during the day, you're tired. You're just going to take a nap. There you go. There you go. Yeah. I'm not sure if they can. Yeah. Never mind. I won't say what I said. No. Yeah. Okay. We'll stop right there. We'll tell ourselves a whole that our wives and our listeners will never want us to dig out of it. All right. Let's go back to the market. Okay. Second big story. So we told you about Intel and Qualcomm. We told you about Microsoft and consolation energy. Let's talk a little bit of Nike here. Yeah. You step aside. You get basically fired, even though they say he's retiring, but essentially the Elliott Hill is going to become president and CEO. The current CEO, you're basically gone. And what happens, your stock rallies, almost 7% on the news. But he's walking away the big fat pay package evidently, as usual. And so we'll see if the company can rebound, right? You know, big news on that. Yeah. I think it was more short covering today than anything else. I don't think, you know, it's still an expensive stock. Are you covering that? Yeah. I think trades are like 23 times forward earning. Like it's not a cheap stock even now. But it's terrible. I looked down yesterday where it is today, but it was down 53% year to date yesterday. I mean, the question is, right. Again, speaking of broken records, even though we weren't speaking of them, emerging markets, right? Lower interest rates, lower dollar, you know, that is a place that if I can finally stab my sword in the ground and say it's going to happen, you know, China is, if you could think of a more negative backdrop, more negatively viewed area, you know, that's an area if Nike could be a, you know, historically has been a bank shot play on China rebound. I don't know if that is going to continue to be the case, but those are areas. I still, I'm still of the opinion that the emerging markets will beat the S&P by the year. I know I've got like 10% to go. I had four years on record making that prediction. No, but this one, I really meant that. But this one, you really believe it. Yes, for sure. Yeah. And I'm going to be wrong, but I really believe in it though. That's a true, that is a true traders talk right there. That is right from the bowels of Jason's old trading floor. That is a true trader. I may be wrong, but I believe in it. Yes, 100%. Right. The difference between wrong and early oftentimes is very much just. Well, one area that you have not been wrong and again, kudos to you. You're definitely more right than you are wrong. I mean, I was so flat out wrong in the Fed prediction. I had to eat Croon, you know, with Ross the other morning when I, because he asked me as I signed off on, you know, Wednesday at my 853 report, he goes, okay, what's it going to be? Is it going to be half a percent or a quarter percent? I'm like, it is definitely going to be a half or a quarter percent. Yeah. I mean, it was, yeah, the half quarter, but it wasn't an emergency one. So that's the one. No, I know. I missed that one too. That's the stupid economy. Yeah, that's the shot of whiskey or whatever you owe me for that. Yeah, I know. I think I was staking lobster and I, it's why I'll settle for shot of whiskey. But, yeah, it's, well, as I say, small caps hit down that real quick. Yeah, I think, you know, same thing. Smallest new environment. And it doesn't have to just be broadly the whole Russell 2000, but, you know, that's an area that's benefits from lower interest rates, especially if you're of the camp that we're not going to implode and go into some massive recession. You know, that area could certainly be benefited from consolidation, M&A, right? We talked about IPOs, there hasn't been a lot of that. If you get a change of power or even Kamala Harris's camp has been viewed as more potentially, you know, coming out of the Bay Area, et cetera, probably has, you know, wink, wink, nod, nod, people who would be happier or she would be more comfortable maybe with some of that merger ARB stuff in a new administration or did you really just say that right? No, I mean, it's true. That's been talked about at the honestly, that's part of the administration. We should be happy with merger and ARB deals. I think they would be more so than Biden. Yes. Oh, okay. Well, yeah. Less worse, right? I mean, but that's an area where they tend to, you know, you can win to small caps in M&A. Or it could be the area she's getting a lot of campaign money from. Sure. Absolutely. Whatever. And why she touts carrying guns and if someone goes breaks in her house, she's going to shoot them as much as she's going to do it. Absolutely. So right? Yeah. So whatever it takes to get a vote takes to get a vote. That's what they'll tell you. Yeah. Oh, good. It's true. All right. When we come back, we're going to hit with the markets that on a weekly basis year to date and then a quick commentary on what happened this week. And most importantly, again, what do we sink our teeth into going forward? So we're going to cram all that in about four minutes when we return. Let's turn it over to Jack Saban. He is in the right now, Traffic Center check. Welcome back to the John Sanchez Show on Newstalk 780 KOH with Jason Gott. His quick reminder, if you missed any of our shows today, this week, this month, this year, just go to your favorite podcast distributor and pick them up. We have hundreds of podcasts out there just for your listening pleasure. All right. We're talking about again everything that has happened this week, but Jason, I'm going to get right to the punch because we promised this. So I want to make sure we get this out and then we can come back and talk about a few other things. And that is what are going to be the next buy catalyst for investors going forward? I'll let you answer. We both have the same answer. So go for it since we're talking about the election being over by catalyst. I would say momentum, right? I think this buyers are higher in this tape. If you get the market going up, it will pull more people off the sidelines to chase. I think that's really the biggest catalyst. Ironically, we talked, John and I were talking offline earlier today about options in the back half of this month, the next two weeks typically being bumpier, right? Because you've got the gamma gone post this quad witch, which is gamma just being the market makers out there needing to buy or sell based on option exposure. That's gone. That tends to support the market. And then the buyback from companies is going to be quiet for the next several weeks. And that's why you end up having a bit of an air pocket. But we've got at least kind of taking you guys through week to week. We've got a decent amount of data next week. We've got durable goods. We've got GDP on Thursday. I think any numbers that show that the market is still holding in well will be met favorably. We're in a good news is good news market. So hopefully seeing inflation continue to come down slowly and PCE again at the end of next week, showing that things are not spiraling in either direction. Well, I think keep a nice bid under the market. You saw a couple price targets today, 6,000 on the S&P 6100. So again, I think the buyers are higher in this tape. Love it. Well, if you believe what Mr. Powell had to say at the press conference on Wednesday, then that should be all you need to be a bull in this market, right? He was again, as I mentioned on the show Wednesday, Jason, I've never seen the Fed share so positive, so optimistic about things. Labor market's good and inflation's coming down. I mentioned that so many times on the show Wednesday night. So you got the Fed on your side. That is absolutely one major catalyst. I think the other one too, we're still going to have strong earnings in our opinion. And we think earnings are still going to be very good as we begin to start the third quarter earnings here in a couple of weeks. But remember, folks, historically, a declining interest rate environment is on your side. I covered that or I think it was Wednesday also. Historically, the market does very well on a three, six, nine, and even 12 month basis going forward. So you got that on your side. And of course, you have low yields. People are we already here from our clients are getting frustrated with low CD rates. They're coming to us and saying, what are some of my alternatives? Well, again, you know, stock market is a great alternative. You got to be careful with that. And we'll always love to help you out on that one. And Jason, go take the weekend off, you deserve it. Yeah, we might get some nice new redone motel sixes in your neighborhood. So that's going close to God. Let's have a great weekend, everybody. This program was sponsored by Sanchez Wealth Management. The material in this program was intended as general information only and should not be taken as specific investment tax or legal advice. None of the information on this broadcast was intended to be a solicitation for the purchase or sale of any security. Further information is available by contacting john@sancheswealthmanagement.com or 775 800 1 801. John Sanchez offers securities and advisory services through independent financial group LLC, a registered broker dealer and investment advisor. Remember, FINRA SIPC securities offered only in States, John Sanchez is registered in Sanchez Wealth Management LLC and independent financial group LLC are unaffiliated entities. What's next? At Moss Adams, that question inspires us to help people and their businesses strategically define and claim their future as one of America's leading accounting consulting and wealth management firms. Our collaborative approach creates solutions for your unique business needs. We leverage industry focus insights with the collective technical resources of our firm to elevate your performance. Uncover opportunity and move upward at Moss Adams dot com.