The Jon Sanchez Show
11/06-Election Aftermath and the Economy
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It's a pleasure to be with you on this historic day." Definitely a pleasure to be with my co-host Jason Gaunt. Sanchez, wealth management. I'm still shaking my head, Jay. I'm just in awe and getting this and disbelief about every emotion you can imagine. It went through my mind today. How about you? I'm just happy it's done. I think the market is too. We've talked a ton about the mechanical action of this tape, especially if this happens fast. Clearly, Trump winning Republican buy-in-large potential sweep helps from at least near-term all the things the market likes to hear. It doesn't mean it doesn't get digested over a couple of weeks as to wait a minute. The debt's still going up, but the near-term, lower taxes don't need to worry about changes in capital gains next year, sort of all the near-term fears of a democratic win. Go out the window as far as that's concerned, but I think the mere fact that this was decisive and done, you and I talked earlier today, volatility in the S&P, the VIX was down 20% in a day, right? That is the part that we've been talking about is once the event happens that the systematic buying kicks in, and you saw it all day long as people got underweight, got worried, got scared, got nervous, and we said, "Please, Lord, don't," and you saw that follow-through that I think your Dow was up over 3% today. Yes, it was to a record close, 3.57 to be exact. Absolutely. Well, this is exactly the topic we're going to be discussing this afternoon, the entire show, because there were so much bits of information that came our way today in this record-setting session today. It was just absolutely amazing. But before we get into the details, I want to go back to the show yesterday, Jason, and of course, I had Corian Dwight on, and I shared with the boys, as well as, of course, with our audience, a prediction that came out from Goldman Sachs yesterday. And I wanted to go back to this. I kept it purposely on my screen throughout the day today, because they nailed it. Kudos to our friends at Goldman Sachs. Here's what they said yesterday. So they laid out different scenarios. A Trump win and a Republican sweep, a Trump win, but the government's divided, and then the same for Kamala Harris. Let's just focus, of course, on the Trump wins and Republican sweep, because sure, we don't know for sure about the House, but looking pretty good. So we're going to assume and be optimistic that we're going to get the House. So here's what Goldman Sachs said yesterday. They said there's a 25% likelihood that Trump wins, and we would have a Republican sweep. So, you know, it was a good odd, but, you know, not 100% by any means. But most importantly, they said the S&P 500 would rise 3%. Well, they came close to that one on the S&P today with a 2.53% game. They said a Trump victory and a Republican sweep will mean the S&P 500 could rally 3% afterwards immediately. Within the sectors, this outcome will be especially beneficial to financial stocks. Oh, as you're going to learn where they've been official today to those financial stocks. Regional banks, they said, would pop about 3% in a Trump win. And domestic cyclical names will outperform global exporters. They said, meanwhile, the NASDAQ will do well, but may have a, quote, skinnier rally than previously expected. So, you know, their highest probability, Jason, was a 30% likelihood of a Trump win, but a divided government. That was their highest probability scenario. And they said the S&P would rise 1.5%. Again, we rose 2.53%. So, pretty good analogy or analysis on the part of the Major Wall Street Bank. And, you know, like I said, I kept that up on my screen all day to day just to see how right they were and boy, they nailed it pretty good right there. But, you know, let's go back, folks, to last night as we were all, you know, sitting, eating our popcorn and drinking our hot chocolate in front of the TV, waiting to see these results, as Jason mentioned. No one, including us, thought we would have the results last night. Nobody. And especially, what was it, Jason? 9.30? 10 o'clock somewhere around there? Yeah. It was not late into the night by any stretch of the imagination. And when that came out, you know, the features were moving up. It wasn't amazing. I started watching the features, of course, during the show, and then when they start trading at 3 o'clock, and they were edging up slightly, and then as the evening progressed, so did the features. And they started moving up, and then there was a 400-point gain, then a 600, and then a 1,000 point in my, oh my gosh. And so, I think I ended up, I fell asleep on the couch, I think, at about 10, 10, 15. Went to bed and woke up literally every two hours checking the futures to see, okay, and the, of course, the election results. You know, did everything hold, right? Are we missing something here? And those features just kept going forward and going forward. And finally, I got out of bed at 3 o'clock this morning because at 2 o'clock, I'm looking at, you know, fuzzy item going up. I think they're up 12 or 1,300 points at that time period. I'm like, this is unreal. And then, you know, not that that was enough. It just continued to gain strength and strength throughout the day. And at high of the day on the Dow, $43,778, we closed up $43,729 with a 1,000. I studied it, I can't tell you how many times today on my stock updates with Ross. 1,508 point gain on the day on the Dow, 3.57%. Nasdaq a 544 point gain, 2.95%. As I said, the S&P up 146, 2.53%. And your wonderful Russell 2000, you know, where did we finish up about 5% plus? I think it was. 5% on small caps, yeah. How much? Five and a half, 6%. Yeah, yeah, yeah. So, again, just an absolutely historical day, closing levels, record set, largest one-day move on the Dow, dating all the way back to 2022. And then the final stat I want to mention, then I'll turn it over to you for the market recap, is, you know, we, again, Jason, I've spent a lot of time over the last few weeks, last few months saying, okay, what happens if, what happens if, what areas are going to be strong, what areas are going to, you know, not be, and so on and so forth under a Trump victory. And what's amazing is, if you go back and, and look when, when he won the, the presidential race in 2016, between the day after the news was known, to the end of the year, the S&P rose 5%. So, you know, it's easy to say right now that that's very easy to do, considering the S&P gained two and a half today, that means all we have to do is another two and a half by the end of the year. I think that's a very realistic expectation, don't you? I do, right? And, you know, objects and motions tend to stay in motion. And I think the fact that, you know, people did come into this slightly de-risk, slightly concerned about near term, you know, will this drag on, if things were contested and it went one way, will there going to be, you know, writing and, you know, you mentioned a bunch of times as far as, you know, this national guard being called in, again, that part is just disappointed. But, you know, I mean, all the areas that you would think would move did today. And the one part that I'd say that was sort of concerning is interest rates, right? You saw rates really pop any other day, the market's down 3% as interest rates move like this. And so, you know, historically, the bond market tends to be right. We'll have the Fed decision tomorrow, which isn't normally one side, but, yeah, I was having lunch with the team and I was like, wait, isn't, when's the rate? But anyway, so the, you know, probably get a 25 basis point cut tomorrow, I would imagine. But it, that's the only thing that is concerning, given the strength that the markets have already had this year. Interest rates are telling a slightly different story, but we'll see sort of how the Fed reacts and what comments they make, given the data that they've had, you know, but the bond market vigilantes is like, they call them are definitely sending a message that, you know, lower taxes and potentially more spending doesn't fix the debt problem. Absolutely. And that tenure yield, by the way, was a very strong one. All the ten years were, the tenure finished up 14 basis points, 4.43%, and you're absolutely right. That was one thing I was kind of holding my breath on today as like, okay, you know, will this market tolerate it? Because like you said, normally when you get a big run up like that, you would see this stock market easily drop, you know, one and a half, two percent. But it wasn't just the, the tenure that was strong, it was right across the board. The two year was up six basis points till close of 4.27, three year up seven basis points, close 4.23 yield, five year up 10 basis points, 4.27 close, and then the 30 year, the biggest mover of them all, which is, again, quite unusual that we've seen recently, 15 basis point increase, too close with the yield of 4.6%. So you know, the action was, again, right across the board as far as the selling action was concerned. But what many of you are probably wondering is, okay, you know, we all got what we wanted on a personal basis. But why did the stock market get so excited about a Trump victory? Well, as we will go into more details about, I want to just kind of hit the high points, and Jason's somewhat alluded to this, right? The first one is lower tax rates, right? We know, and we've said, so we're blue in the face, the 2025 tax program that Trump put into place when he was in office, it's set to sunset at the end of next year. Don't have to worry about that anymore. Decreasing regulations, that's another big catalyst to the strength of the stock market in the economy. We all know what a challenge it has been for corporations trying to deal with the Federal Trade Commission. And it seems like, you know, every merger and acquisition just gets shot down. So that's going to be very strong, and then that will transpire over to what area, Jason, one of your favorites, the financials. Why were they so strong today? Because of that yield curve, right? You've got a steepening of the yield curve. You've also got the fact that that regulation potentially could wane a bit, right? The financials have dealt with a lot of headwinds as far as the prior regime in terms of, you know, the many different policies, Dodd-Frank, not excluding that they are operating under. This could provide a little more runway. And then you mentioned earlier, M&A, right? That's going to help some of the banks. That's why small caps did as well as they did today, too, despite the fact that interest rates were higher. If you've got all these folks with cash, they could now potentially be better buyers because the prior regime certainly had a very, very strong anti-merger policy as to protect the little guy, right, exactly. And so that's something that, you know, could continue to have legs to it, because small caps still are under-owned and undervalued relative to their larger cap peers. Absolutely. All right. It's going to be a lot of fun this afternoon, folks, as we start to go through some of the areas that showed strength today, and believe it or not, there were a few of them that showed some weakness. So if this is going to be the way the, at least the rest of the year is going to go, well, we'll help you guide that course there. So we'll touch on some of the big movers and shakers, again, ups and downs when we return. Let's turn it over to Kristen Snow. She's in the right now. Traffic center. Hi, Kristen. Welcome back to the John Sanchez Show, a new stock 780KOH, adjacent gun of Sanchez wealth management. Well, as we said, it was an extremely strong historical day today. By the way, I should have mentioned this. All three major averages closed at record levels. The Dow, once again, a 1,508 point gain, 3.57 percent closing at 43,729, NASDAQ rising 544 points, 2.95 percent closing at 18 and 983, and the S&P up 146, 2.53 percent. It took close at 5,929, and as Jason mentioned, on the small caps, the Russell 2,000, 5.8 percent gain. Now, to the quantity side, it was like just kind of a normal day with nothing going on. Oil prices barely budged down 3/10 of a percent. Closed at 71.71 a barrel. Gold pulled back $2.70, $2,676.70, and as we said, a 14 basis point increase on the 10-year treasury at a yield close of 4.43 percent. All right. Now, let's get down to some of these movers, Jason. I want to start with Goldman Sachs, as I mentioned. This stock was just on a tear today, finished today as the best performer of the Dow Jones Industrial Average, soaring $69.33, a 13.2 percent gain to 596.29. Key Corp, a 15.7 percent, $2.70 increase, 1997. For a financial gaining 20.3 percent, $30.78 rise there to $182.63. Anything else on the financial side that stood out in your mind? No, I mean, again, it's just the fact that it's an area of the market that definitely benefits from less regulation and favorable interest rate environment, and then hopefully a favorable M&A environment. So certainly, that's the spot that people are flocking to, energy, the tailwinds, at least the optical tailwinds of hopefully more focus on domestic energy production, even though we've said before, that we're currently pumping as much oil as when Trump left office, but there's clearly more to do. And so I think the areas that will benefit, and again, we'll get into a lot of detail on our webinar pretty soon. 13th, we've decided, yeah, 13th. And so, yeah, that's just some of the areas that certainly benefited from today's news. Absolutely. All right. Let's move on to the next stock that was just a screamer today, and that was Tesla. $37.09 gain, closed at $2.88.53, capitalizing on the idea that Elon Musk, who, of course, has been aggressively working the campaign trail with the soon-to-be president, Trump, is going to receive some very strong support for the company. I'm scratching my head, I keep using that term, sorry about it, I'm scratching my head, trying to figure out what was his specific angle for jumping in, donating a whole bunch of money. I think it was $30 million, which, of course, is nothing to him. The lottery criticism of a million-dollar giveaway to certain people, on and on and on. Do you think it's the space program? Do you think he's going to push for extended credits or something on EVs? I can't pinpoint in my mind why he did what he did, but there's a reason. There's a lot of things, an FU to Gavin Newsom, he definitely didn't like California, the way they treated him and so on and so forth. That's got to be some of it. I mean, heck, if I'm him, remember, three years ago, I had clients specifically tell me not to buy Twitter in their account, conservative clients, and now they're switching the other way, like, "Oh, my gosh, he's the best guy ever," so it could be appealing to a whole new group, where the EV generation felt that was a green leftist mantra and, "Hey, look, we've got these..." It could be any of those things. Ultimately, he's an amazing marketer and he's been successful in lots of his endeavors. Really? I think he does. Right. It could be a lot of different things, not just one, but I would argue it had to be part of the whole California and how he was treated and how he felt he was treated, and Biden giving him the FU, again, to use that again, to forget you, because I'm not saying any bad words. Of course, you can try. Remember, he didn't invite him to the whole EV summit that he held, which is the dumbest thing I've ever heard of, so there's lots of reasons for him to be frustrated and try to help to get things changed and certainly can benefit from him. It's going to be interesting to see, and only time will tell, of course, we know Trump is pro-oil. Like you said, in his acceptance speech last night, they just kind of drug on and on about a lot of meaningless things. It's like, "Okay, I can't hear any more than that." My eyes are closing, but you know, he liked Trump said, "We produce more oil than anybody in the country or in the world, including Saudi Arabia." Those were his words. I don't have the data to back that up, but we do produce a lot. We know that. So if Trump is going to be pro-oil, pro-drill-baby-drill here in the US, that's going to hurt the love that people have fallen in with EVs, specifically Teslas. I mean, drive around Southern California and it's like every other car is a Tesla. It's just, they got this market just dominated. So you know, I don't know how much that was there, but the other side of it that's going to be interesting. We know this man can do a million different jobs at one time and seems to be pretty successful at all of them. He may be vying for a cabinet position. I mean, think about that one. Yeah. I mean, I remember again, I keep forgetting his name. The guy who Trump brought on used to be at Exxon, right, and he got to sell all that stock because he became Secretary of Energy or Defense or whatever, or not defense. But, I mean, that's what I was wearing. Could that be a ploy, right? He can go potentially punt all his Tesla stock or do some sort of thing where he can get out of a gazillion dollars of capital gains, you know, who knows? So let me finish my thought here, and that is he, again, has told Trump and all the people that are going to work for Trump and well, as well as Wall Street, look it, I want to come in and I want to clean up the government. He said there's over 400 government entities, divisions, departments. Why do you need that many is what he told Trump. Why do you need that many? So as you heard Trump reference him again on the acceptance speech last night for quite a length of time, maybe he's going to, and he said it was kind of Trump's inference. I'm just going to kind of hand it over to him and let him clean things up. So maybe he's just going to get the job of, you know, cleaning up the government and add that to his Bailey work of things that he does. I can't see him getting a cabinet position for exactly what you just said. I can't see him putting his, you know, multi billions of dollars of Tesla stock in a, in a blind trust or having to sell it off or whatever it is. So I think he's going to get his hands in there somehow, which I'm not criticizing. I think it's a great thing. Yeah, bringing some fresh eyes, somebody that's not a, you know, lifelong politician, get some fresh eyes, a real business owner's perspective and see what really happens and see what can be cut. That's going to be a fun one to watch, isn't it? Yeah, the secretary of cleansing or something, right? Secretary of cleansing. Right. Exactly. But yeah, I can, you know, it, you know, all along, that's been my core complaint of just politicians in general, right? This whole process makes me want to dive through a play glass window with both sides. Right? It's, I said, I'd like to vote no, you know, those things again, and that's what Trump ran on the first time. And like we'd said, did he have an adequate time to prepare for his first time? Probably not. I think he woke up the day he got elected and was like, what, I want, right? And so I think, you know, here's another chance. The swamp's still there. Go out and try to. I think he's going to, I think he's going to put it put together a hell of a cabinet. I really hope so. I would hope so. Some really, really smart people. Some really, like you said, not just, you know, hey Fred, you want to, you want to join me? I feel this, this cabinet position, I know you don't have any experience. Come on over here. We've been friends for a long time. I think we'll be a little bit, a little bit more laser focused this time. All right. And to speak of that webinar, of course, that Jason mentioned, we are going to be putting it on a webinar. We are very excited about it. November the 13th, as he said, 630 PM. Join us for how the election results may impact your investment portfolio. We've got a lot of things we're going to be talking about, how historically the markets react. We're going to talk about long, long term, short term strategies, taxes, interest rates, inflation. We'll have the Fed interest rate decision tomorrow, as Jason mentioned. So we'll have a little bit better direction on that. Just tons of great news because I use this analogy the other day, Jason, I'm going to say it again. It now almost feels like the beginning of a new year, right? Now we're going to start repositioning portfolios and allocations and so on and so forth because now we know who's going to be running the show here in a few months. And so don't miss our webinar again. Just go to our website, Sanchez, wealthmanagement.com, click on the upcoming events and sign up for the webinar again. It's the 13th, 630 PM. All right. Let's turn it over to Greg Nef. He's got news traffic and weather. Hi, Greg. Welcome back to the John Sanchez show on News Talk 780KOH. Once again, at a historic day, record closes for the Dow, the NASDAQ, the S&P, the Dow soared 1508, 1,508 points, NASDAQ gained 544 S&P up 146. So what should you as an investor be focusing on now? Now that we know who our next president is going to be, we know halfway what our makeup of Congress is going to be. What were the winners? What were the losers today? And is this going to be the way they are going for it? So as we spent a lot of time at the beginning of the show, talking about the financials, we're just on fire today with the likes of Goldman Sachs, you know, surging just substantially. $69.02 gain up 13.1 percent, JP Morgan up $25.80, 11.65 percent right on down the line. Again, rising interest rates, bond yields, meaning they skyrocketed today up 14 basis points to 443. Now no one Jason seems to be concerned about inflation. It'll be interesting to see what Mr. Powell has to say tomorrow when we get our quarter percent anticipated interest rate cut. So we'll come back to that inflation discussion here in a moment. So financials are very strong. Let's see, let me go into another area. Big tech, of course, we touched on Tesla and of course Elon Musk being a big Trump booster. NVIDIA was a big mover today, also moving higher by 4.18 percent, $5.85 gain, $145.77. Remember, that stock is going to be added to the S&P 500 prior to the opening bell on Friday. I'm sorry. What did I say? The S&P, yeah. Oh, to S&P. Geez. It's already included in that club. It's yeah. I think it's already there. It's a little tiny company that's out of the world's most valuable debt. Thank you. It's been a long day. Yeah. Added to the Dow on Friday before the market opens. So keep that in mind, but yeah, I was a big player today. Apple World's Most Valuable Company also had a little bit of a disappointing today down about $0.82 to $2.22, $0.62, and I'm including some after hours trading here right on down the line. So tech was good. Jason mentioned the small caps, again, surging 5.84 percent on the Russell 2000 small cap index. This, again, reflecting so much optimism that corporate tax cuts, lighter regulation, etc. are going to be great for the small business horizon. But let's go to some of the losers today. And the first area that I want to mention, and this wasn't around, didn't really make the highlights a lot today, Jason, but I picked up on it in my first stock update this morning. And that was the cannabis stocks. Now we never talked much about those, but boy, they got to just smacked around on those today. There was a lot of anticipation leading into this election. That Florida was going to legalize cannabis use. They did not pass that, which shocked the economy. So we saw that whole group just get decimated till Ray brands down 11.85 percent, Aurora cannabis, 15.88 percent loss, canopy growth down 19.5 percent. Even Trump media today didn't do too well. It was pretty good earlier, but right now in the after hours down about 2.71 percent. But the next area that we want to focus on, of course, that we've got to pay very close attention to or really any companies that could be exposed to tariffs. We spent a lot of time leading up to the selection, talking about tariffs, what they are that you know, essentially their attacks. So you know, Jason, we had a lot of a lot of movement going on in these areas. I just picked out a few names, Nike, which of course is a Dow component, did not have the best day today, finished down $2.62, the 3.36 percent loss, 75.48. Best buy right now. It's down 2.97 percent restoration hardware down 2.78 right on down the line. It's going to be interesting to see, all right, is he going to be as tough, now President Trump, or is he going to be as tough on the tariffs that he threatened during the campaign? Or is he going to learn his lesson that, you know, there's certain areas of the market that he can end the economy, frankly, that he can tank by getting too aggressive on the tariff side of things? Yeah, I mean, odds are it is more of a saber rattling, you know, in order to get things affected on the other side of the pond, right, China, notably Mexico, right. But you know, as you mentioned, gold having a tough day, copper, another area that was under a lot of pressure today, right, all these things that tariffs can cause headwinds for that supply, demand, dynamic steel names, things can certainly be under pressure, hospitals is another area that we're weaker, right, just the Affordable Care Act, clearly, you know, more inside of the, we'll come up more, right, you know, the Obamacare, et cetera. He's talked about wanting to gut that and change it, so certainly some reaction there. And there may be areas that maybe ran the wrong way today thinking one thing would happen, not the other, you know, pot stocks being one of them, who is to say that that can't be an area that at some point becomes open for federal vaccines, right. Yeah, let's try and remember what his position is on that when he was in office before. I think he was against it if I remember, and then he got a little bit softer the closer he got towards the end of his, uh, his, uh, his term, I think that's, yeah, and in that area again, even in the areas that it's legal, it seems like it's still can't get out of its own way. Yeah. That's right. Yeah. And so it's, but you know, there, there will be areas that people will be like, oh yeah, that's, that's right. And you'll see spikes and ebbs, I mean, on my list here, uh, you know, maybe even oil names don't do as well as you would think because more oil production would theoretically create oil prices going lower, right, which then would hurt the stock prices of those that are, you know, producers of oil, maybe the services companies, uh, do well like a slumber J or Halliburton, et cetera, but the ex, exons and chevrons, et cetera. They may not do as well in a lower price environment, right? Cause, cause oil prices while high are still not high relative to, you know, the, the last several years, you know, we're 60, 70 level versus 80, 90, a hundred, um, but, uh, you know, the first thought is all by energy stocks, but maybe there's some that work and some that don't. Yeah. And I want to expand on that point. I think that's one thing we need to absolutely emphasize for all of you this afternoon. And that is don't get crazy. We've told you this from day one, you know, beginning of this year, don't get crazy reallocating, trying to, you know, Joe trader, don't chase today. Yeah. Don't chase today. Today was a very, very unusual, I think we'll continue to see strength at least throughout the rest of the week because we're going to get the Fed decision tomorrow. Um, if Powell doesn't say anything to, you know, spook the markets, as Jason said, you know, something, as we all know, if you've got momentum, it's pretty easy to keep that momentum going. Market seems to be very, very immune to rising yields. Usually that, you know, frequently here recently, that has been one of the areas where it was almost a guaranteed trade yields go up bond or stock prices go down and vice versa. That does not the case today with a 10 year up 14 basis points. So way too soon to make any major, you know, strategic allocation changes near portfolio. Just take a deep breath. Let's let this market kind of come to us at this point. Let's see how much today was, you know, short cover rallying. I mean, there's a million different scenarios that happen today, but yeah, very, very important to know that. One losing area that I want to bring to our attention, which, you know, I hate saying because I love this area and that is the real estate sector. We saw that publicly traded names just get hit pretty strong today, some worse than others. But again, rising bond yields means rising mortgage rates. Now I want to mention that, let me give a fresh coax. I looked about a half hour before the bond market closed, not a, well, I guess you could say a significant move on the 30 year mortgage, not as significant as I thought. I thought we'd see double digit increases on the yield today on the 30 year fix. But according to mortgage news daily, up nine basis points, remember, there's 100 basis points and 1% with a 30 year fixed mortgage at 7.13%. So Lenara was down $8.58. You had told brothers down $2.24, KB homes, $2.11 loss and Dior Horton, giving up about $6.56. So tough go for there. You got to continue to watch those if these yields continue to rise. All right. A few more areas we want to touch on, but first let's get things wrapped up with Kristin Snow. She's in the right not traffic center. Hello, Kristin. Welcome back to the John Sanchez Show on his talk, 780 KOH, as a reminder, don't forget if you've missed any of our shows or you want to hear something again and again and again. Just go to your favorite podcasting distributor. I want to thank all of you that have been downloading our podcast. We have hundreds upon hundreds of shows available for you on all different topics. All right. Speaking of topics, we've been discussing what should investors be focusing on now, you know, again, what they called the Trump trade way too soon to make any dramatic changes in your portfolio. So we're just kind of pin picking away at some of the areas that were strong, some of the areas that were weak in today's record setting session. Jason, when that garnered my attention and it's, you know, again, I think this is going to be one of those that probably was just a one hit wonder type of thing, the prison stocks. Did you see those today? I heard about them. I didn't look at them specifically, but they did pretty darn well. Listen to two names that I pulled out. Now, the reason that some that are recommending the Trump trade are recommending the prison stocks is because of mass deportation, and that's the reason behind it. Geo group today and this is a, again, these are privately, you know, publicly traded, privately held prison companies. So Geo group trades into the symbol, GEO, $6 and 13 cent rise up 40.52% to 21.26, core civic symbol C X W four dollar and 49 cent increase up 32.94% to 18 12. So I thought that was kind of a, you know, bizarre stand out there for mass deportation reasons. Interesting thing. Interesting. I'm seeing thing here too. Again, not a fan of electoral college, but Trump won by about 1.4% in Michigan, one by about one and a half percent in Pennsylvania and just about a percent in Wisconsin, that it's about a 175,000 votes that if it swung the other way, she would have won, which is so interesting on how it all right, but just like the interesting part of popular vote in electoral college. And again, there's the right, you know, the popular vote I'm a bigger fan of. But yeah, I just, I just saw this on Twitter as we were talking, throwing some data out there. I'm like, wow, that's kind of crazy that that little amount of a swing would have changed it. But it's so wonder if they can politics, you know, no, no recounts either outcome. No recounts. This was too easy. We got it. This is way too easy. No thanks. Just don't want texts. No more texts. No recounts. Exactly. All right, well, you know, again, we will continue to have this discussion as time goes on. Areas of strength, areas of weakness. Now that we know who are fearless leaders going to be in a few months. And of course, the last thing we're waiting on is to find out if we did a sweep of the house. And if that's the case, brother, buckle your seat, but there's going to be a lot of major changes going on. But we know we have the Senate. We know we have the presidency. Let's keep our fingers crossed for that house. All right. My friend. Great job as always. We will do it again tomorrow night on the John Sanchez show. Hey, everybody. Go get some rest. I'm sure you're like me. Stay up way too late. Get some rest tonight and enjoy. We'll see you tomorrow on the John Sanchez show. 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. Whether information is available by contacting john@sansheswealthmanagement.com or 775-800-1801. John Sanchez offers securities and advisory services through independent financial group LLC, a registered broker, dealer and investment advisor. Member FINRA SIPC securities offered only in states John Sanchez is registered in Sanchez Wealth Management LLC and independent financial group LLC are unaffiliated entities. When you need meal time inspiration, it's worth shopping king supers for thousands of appetizing ingredients that inspire countless mouth-watering meals. And no matter what tasty choice you make, you'll enjoy our everyday low prices plus extra ways to save like digital coupons worth over $600 each week and up to $1 off per gallon at the pump with points so you can get big flavors and big savings king supers fresh for everyone. fuel restrictions apply. 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Jon takes a look at the Presidential Election, and how it impacts the economy.