The Jon Sanchez Show
11/11-What Trump’s first year could do to your money
But there's only one feeling like knowing your banker personally, like growing up with a bank you can count on, like being sure what you've earned is safe, secure, and local. There's only one feeling like knowing you're supporting your community. You deserve more from a bank. You deserve an institution that stood strong for generations. Think of Colorado, there's only one member FDIC. Good Monday afternoon to you. Welcome to the John Sanchez Show on Newstalk 780k, which it's a pleasure to be with you and a pleasure to be with my co-host Jason Gunnar Sanchez, both management. Happy Monday, my friend. Happy Veterans Day. And thank you to all veterans. Amen. Yes. Yes. Yes. You took all those words right out of my mouth. I very much thank all the veterans out there that give us the opportunity to sit here and spew madness for the next hour. That's the way to say it. But yeah, I'd say an OK day, depending on which part of the markets you were looking at, but nice to see the small caps outperform, which we've talked about, or one of the many areas that now that we've got a little post-election clarity, we can look to take advantage of. Absolutely. Absolutely. I was joking on one of my stock updates this morning with Ross Jason, and it kind of felt like mom and dad weren't home, meaning the bond market not being open. It was like the stock market for a couple periods of time. It was kind of lost. It's like, "How? What do we trade off?" And not a lot of earnings. Oh, that's right. This thing called the election. And it was kind of interesting, but yeah, a very solid day, the S&P closing above 6,000 for the very first time. And records set once again on all three major averages, even though they weren't big moves on the NASDAQ and the S&P, but dogg on it, we just had to gain a point. We could have said a record finish, and boy, we got a little bit more than a point. Yeah, and the crypto junkies, we're all excited today. Yes. So that nice move over the weekend. A lot of follow-through today. A lot of people asking why gold is down, why silver is down, right? That strong dollar, eventually, yes, exactly, you know. That strong dollar eventually comes to root back to bite you, you know? And I think you've got obviously a fair amount of momentum in the former trade that we were talking about earlier, and probably there for some time. But you know, you're starting to see a little bit of at least some underlying movement of asset classes, everything doesn't all go up together. And I think, you know, we've probably four or five sessions now post the election. I would imagine over the next five sessions, gone to my head, you'll start to really see some, you know, some winners and some losers shake out as the post election euphoria has started to calm. You know, I'm going to say it again today, like I said on Friday, it's just, it's scary when this keeps happening, where it says, every day, you know, the dows up triple digits and these records are just being said, you know, one day after the other, and you, you know, the pessimist side of me says, how long can this last, you know? But, you know, I said that on Friday and here we go, you know, today, there's, again, there was really no major news whatsoever. And, you know, once again, market is propelled higher. So it, it, and I know you said you agreed with me on Friday that it does create a bit of nervousness among us, you know, people that are responsible for other people's money. Yeah. I mean, you blink in the Russell 2000s up 20% this year. Right. I mean, I feel like it was a week and a half ago, I mean, actually it is a week and a half ago was up 10%. I mean, that's a big move and those are the areas that, you know, you can get momentum behind it, right? Not unlike some of the crypto movies you see where people, the FOMO gets you and remember, you know, any chart that you want to look at as far as financial psychology where people chase the highs, you know, some of those areas, you know, watch out for, you don't want to be the last buyer, you know, small caps, on the other hand, are very cheap relative to their large cap counter parties and, or counterparts rather. And if interest rates can at least find a level and you get a more stimulative business environment as well as potential IPO market, that's a, that's a merger market. That's an area that can continue to probably have some legs, even just in a catch up given how much they've underperformed after over the last several years. Well, that's a great segue to, to mention where we do sit on a year-to-day basis. Matter of fact, I think I forgot to mention it on Friday, which I, you know, shame on me because what a week we had. Of course, yeah, listen to these numbers, folks, on a year-to-day basis, this, of course, is through today's close, NASDAQ is up 28.6% year-to-date, S&P is up 25.8, the Dow is up with 17.5 and the Russell's Jason set up 20.1%. I mean, please close the books right now. I mean, we can go out of this, as I said long time ago with those numbers, but especially now, we could go out of this year and just high five on the way out the door, you know, but, but it's got this momentum and it's just, it's, it's mind-boggling. But I'll tell you, I want to, I want to mention because as you know, I, I watch the Dow very closely, a couple of things that I keep seeing, it seems to become more frequent. And that is we keep getting more and more days where the, the, the big cap tech names, the Navidias, the Microsofts, et cetera, of the world tend to have a down day, right? We're seeing more of those down days. And that's a, again, I think with probably in my brain why I feel a little bit more nervous and not as giddy as I should at this point. Because when you start to see these come down, conversely, they do have their updates, obviously. But when you start to see these, these big tech names start to have more frequent down days, that worries me because we all know that no matter what anybody says, this market is much more diversified now, but it still needs tech. I mean, you've got, now you've gotten a video part of the Dow, you've got Apple, you've got Microsoft, Apple's been struggling a little bit. That part's been making me a little bit nervous. But then you, you counteract and you go to the winners, you know, like today, Salesforce, you know, up, you know, almost 20 bucks. This is a little over 6% gain. Goldman Sachs, another strong day up $13.52. So the financials just keep going again. So it's like that you've been saying that broad diversification, which is what we wanted. We're getting it now, but I still get nervous when I don't see the techs participating. Well, I mean, if it's a zero sum game, right? Ultimately, people need to sell something to buy something else. And that's part of it too. As those areas are a source of funds, you know, I guess the positive side we can say is it's good. They've held up as well as they have in the face of them being 30, 40% of the S&P, while other areas are starting to pick up the baton a bit. But no, I think you're not offline to be concerned, right? And, you know, wouldn't surprise me to see a big down day just because I mean, we've had so many strong updates. That's my point. That's exactly my point. Yeah. But does it mean anything other than just a, you know, a selling impulse after what was, you know, a very strong, you know, several days and weeks? Let's quickly go back to your hedge fund days. You know, when you have a day or a year like this, where again, you're up, you know, north of 20% year to date, do you just plug your nose and keep buying and buying as, you know, millions of dollars keep pouring into the funds? Or do you get nervous and you want to, you know, start parrying back a little bit? Well, I mean, you can't go to the bond side of it now with sure. Not today. Yeah. Yeah. But we all know, you know, rates are going to be going up. I mean, everybody's convinced that so you don't want to go into the bonds. But, you know, what do you do when you're running, you know, billions of dollars at this level, when these markets like this, I mean, so soon. Most hedge funds have the other side of the trade too, right? They're under, you know, have short exposure in areas that they think don't work. And probably most hedge funds I would say are only up, you know, eight to 12% this year, if you had to made me guess. But, you know, it is, it's tough. And I would argue it's just more of the FOMO part, right, where, you know, everything you look at. And as I think we mentioned on Friday, everyone fancies themselves a stock picker right now because everything's going up. Like guess what? You're not like everything's going up. So it's just, you know, know that if it if it feels too good, sometimes these are great times to peel back exposure, especially in the later part of the year with most people who are up probably aren't in a rush to go sell a bunch of stuff before the end of the year because you're no, you're just going to have capital gain implications. But could you see it after the first of the year? Mention with Trump getting the nod and Republican pretty much sweep at least that concern of a scarier tax rate. And the next couple years has been taken off the board, which is a good thing. I would have expected that a bit a lot more selling after the first of the year if that were the case. So, you know, those are all the things that would have been headwinds that more and more of them have sort of gone away. More to your question, trees don't grow to the sky, right? So, you know, be smart about what you're doing. Certainly don't go out and, you know, go chase that one stock that now is up to 300 percent because you heard a story about it, right? It may be time to, okay, I want it, but I'm going to give it some time to pull back because odds are I'll get that chance versus everything being on its butt. And you're like, you know, I hate to buy anything, probably feel there's nothing. This is a good time to remind everybody. There is nothing absolutely nothing wrong in a tax-deferred account, such as an IRA, a 401k or something, to purely, I'm going to sound crazy when I say this, folks, but trust me on this, to purely go to cash and just go, you know what? Let's say you're up 25 percent year to date, some, you know, north to 20 percent. And either sit on the sidelines for a little bit, even if the market runs a little bit, but just protect that or do that, book that profit, and then slowly dollar cost average your way back in. There is nothing wrong with that. Remember, I've shared that story and Jason was right up with this too. You know, pigs get fat, hugs get slaughtered on Wall Street. So how much is an F? Well, who knows? This may be a 40 percent year on the NASDAQ. I could be completely wrong, but don't think that if you're, you know, you're not being greedy, if you go in again, we're talking in a tax-deferred account where capital gains are not an issue, where you go, Hey, you know what? Let me, let me just book this profit. You know, there's nothing wrong with that. And then again, slowly work your way back in or as Jason said, wait for the market to come back, but you know, or use some type of stop losses or something to protect yourself because it is going to happen in my opinion. I think Jason agrees here that we are going to have that. I love that term that just because market pullback. And we've seen, you know, we saw some days last week where this market can move very abruptly, either up or down. And again, it's not that anything fundamentally broke down. It's just you wake up. I've said this a million times. I'm going to say one, a million one, you wake up one day and, you know, these hedge funds, these money managers, these traders, they go, enough is enough. Let's, you know, I made a bunch of money in the month of November already. I'm going to go to the sidelines and they start selling just create for no reason other than what I just said to book some profits. So nothing, nothing would surprise me at this point. This is just an absolutely crazy, crazy year right now. All right, we come back. I'll tell you what we have on tap for you for the rest of the show. But first, Kristen Stone is going to enlighten us on what's going on in the highways and byways of Northern Nevada. Hello, my dear. Welcome back to the John Sanchez Show on News Talk 780KOH. Jason got. Here's how we finished up for the day, a 304 point gain on the Dow, a 0.69 increase, closing at 44,293, a record. NASDAQ up 12, 19, 298, a record and the SOP higher by six points, first time closing above 6,000, 6,000 and one. And again, a record. Well, prices there, they're a little bit rough today, down 2.8%, 70, 38, a barrel, tough day for gold, as Jason mentioned, to do the moving in the dollar, $77.10 loss, 2,000, 6, 14, 40. And once again, bond market closed today in observance of Veterans Day. Now, let me tell you what we have lined up for you this afternoon. After we get things rolling here in just a moment, we're going to be moving in after we get back from the bottom of the hour break on the following topic. Now that we know, of course, that Donald Trump has been elected president. Many of you, many of you may be wondering what that means for your money. Well, this afternoon, what we're going to be talking about are nine things unless that Jason and I have put together that we expect to happen within his first year. Okay, these are changing all the time. So this list may be 100% accurate or 50% of them come through Jesus. I was like, you just don't know with this administration, but we've got to start somewhere. And speaking of which, this is exactly what we're going to be doing for you in two days, two days, Wednesday, November the 13th, 6.30 PM on which hit a market calendar. Jason and I would like to invite you to our webinar, how the election results may impact your investment portfolio. Now this, we'll get a much more chance or a chance to go much more in depth than we get to, of course, on the show. We're going to look at again, how historically the stock markets have performed two elections. Hopefully by that point, we'll know if we get the house or not. So we'll be able to factor that into. We'll be talking about some sector rotations, some things that are going on that we're seeing. The potential impact of taxes, interest rates, that nasty Iward inflation that we haven't had to talk about a lot recently, but guess what? Under the Trump administration, many feel that this is going to become an issue once again. We'll talk about long term versus short term strategies, what you should be doing now. And then of course, some actionable steps to protect and grow your portfolio in uncertain times. There's going to be some scary times next year, folks. I'll tell you why, but first, let me finish up on the webinar. Again, go to our website, sanchez wealth management.com click on upcoming events and just sign up. No charge or anything, of course. And again, that'll be this Wednesday, November the 13th at 6 30 p.m. All right. You know, you didn't respond to me. I think it was late Friday night. I'm being the sick individual. I am still watching things. I emailed you an article. It was either Saturday or Saturday, I think a Friday or Saturday, but I think it was Friday. Anyways, it was in regards to one of the fears going forward of next year in regards to the Trump administration rounding up. There are 11 illegal immigrants in this country, 11 million. And they're talking scary, serious stuff of, you know, how many they want to try to round up and I hate using that work because we're talking human lives, round up, send back, detained, so on, so forth. And Jason, I got to be honest with you, man, if this happens to the extent and he's now hired his new czar to handle this, which was a gentleman that was in his administration before. So this guy means business, but it is terrifying to think if cut in half, five million of these people get rounded up and shipped out or detained, what could happen economically in this country? And I know you and I are going to talk about this on Wednesday night. But you know, you're talking construction sites being shut down. You're talking restaurants being shut down through vegetables. I mean, all the agriculture side of things. You know, I thought maybe this was a little bit more of campaign rhetoric, but after reading what I read from the, I think it was from AP on, like I said, Friday night or Saturday night, it's terrifying. And it's something from an economic standpoint we got to pay very close attention to. Yeah, and I mean, does this extend itself? Again, I'm being a little hyperbolic, but something like the red scare. I mean, like how are you going to identify these people? Do you have to out the neighbors? Do you have to like, you know, I have, you know, how does one get this information? And if so, how did one already have this information as to where these locations were, where folks were at, right? And so yeah, it's, as I, you know, you and I talked about before, you know, I'm of the camp that you should spend more time figuring out how to turn these folks into taxpayers instead of spending $20,000 was the estimate that I heard per person that it's going to cost the U.S. to detain and move those folks. So if you said it's 5 million, you can do some pretty quick math there. There's 11. But yeah, I'm on five. So I mean, it's just, it's, you know, again, I would love to see that money spent more appropriately on creating a path to generate tax revenue from folks. But, you know, you know, go, let's go. Obviously, this is a human, human issue here in it's an economic issue. But think about this, what, what's going to go through, you know, what we care about investors minds, what's going to go through investors minds if we turn on the TV and you see ICE or any of these government entities, I mean, they're talking using law enforcement, they're talking about using National Guard. If you see them literally breaking into houses, going into businesses, I mean, do you remember, do you remember when I won't say which national fast food restaurant it was in Reno that got round, I'll use the term again, rounded up. And I remember the impact that it had just people were, you know, you've got, you've got one side, of course, that's very, very much great. Get them out of here. They're here illegally. You got the other side going, my God, this is, you know, almost like the, the Japanese and, you know, entrapment camps that you can still see, you know, on highway 395 going through the desert in I own Nevada or California. So I'm just wondering, again, what kind of psychological impact could that have on the market if we start seeing that all over TV? Yeah, no, I completely, you know, the, the, the issue too clearly is sort of as you've touched on is, you know, the, maybe there's all round up 10% of them are like criminals and they're running away. Safe to say the other 90% are probably here for the reasons that you would expect. Home sucks. And, you know, but again, there's a path, there's a, you know, it doesn't, I'm not defending the, the means of how one's here and whether you're illegal or not, but I keep going back to clearly both sides are too dumb to figure out a way to actually create income off of this. And we're just thinking of another way out of abstract protectionism, because I'm so scared to go spend a bunch of money to kick a bunch of people out instead of spend a bunch of money to keep them employed and tax them and grow our economy instead of, again, what ultimately boils down to fear. Yeah, yeah, exactly. Yeah, it's going to be interesting. It was, I just want to bring that out because I had no idea there were that many and like you said, what percentage would they actually go after? Hard to tell. But my fear is we see that on TV and hoo, I mean, that's going to make this country just go crazy out of this, but that way, and then of course, maybe some crazy reaction in the stock market. Just one of the many things that we need to be worried about or thinking about going into 2025. All right, let's turn it over to Mr. Greg. Now if he's got news traffic and weather, hey, Greg, welcome back to the John Sanchez show on new stock 780K, away to what Jason got. We finished up three or four on the Dow, the Nasdaq at 12 point gain, SMP up six record close. Okay, Jason, I've just come to a conclusion. What do you got? We're so glad that the political commercials are gone. But now I think it may be worse because all of these wonderful commercials talking about Thanksgiving feast, like the one we just heard, now my stomach is rumbling. So I've got a half hour to go. Do you find, do you eat dinner earlier now since we changed our time from five o'clock to three? No, no, man, I feel like an old man. Yeah, I mean dinner, like four, yeah, four, four, 30 in bed at like seven, yeah, because it's dark. I'm like, my God, I feel like I'm 80 years old, but my body, I don't know. That's weird. No, that's part two. Yes, in bed by seven, seven handle. Yes. Yeah, 100%. Okay, so I don't feel too bad. No, no, no, no. I think it's very normal, and I don't feel any more rested by. No, not at all. I agree completely. But I'm waking up in some of my normal four. I'm waking up at three three. Yeah. Yeah, it's just we're not meant to sleep at night, right? All the stuff they say you're supposed to be up hunting and so on and so forth at night. But you think by now we've figured it out. But now I agree with you. They didn't include market alerts that come into the middle of the night on your phone. This one today with the evacuation. Like, I love it. Technology is wonderful, but I got an idea. Like maybe hone down the area that you're blasting. Like we're down the hill. I mean, you know, evacuate now. I'm like, seriously? Right? Like I can barely see it from here. It's that bad. Yeah. Makes me. It's true. It just makes me realize the robots are not coming to take us that soon. Right. It's still some time. Tough tough job those first responders have. Yes, I know. All right. Speaking of tough jobs, future president Donald Trump has some tough jobs ahead of him. Jason and I have outlined nine areas that we think are going to be things that are really going to be a focus in his first year. Now, this is just hundreds of things that are going to be going on. But we're going to hit on the following topics. I want to read these ahead of time and then we're going to come back and discuss them. But this is what basically is on our mind. Tax reform, deregulation, infrastructure spending, trade policy and tariffs, health care reform, immigration policies we were just discussing, defense spending, energy policies, and monetary policy influence. So let's jump on the first one, Jason, the tax reform side of things. Of course, we know that one of his big points, of course, during the campaign. Look at the other side wants to raise the taxes. I want to cut the taxes. We know that corporate taxes are at 28. He's talking about bringing it back down to 21. Again, it's going to require congressional approval. But you and I sit back and we watch these interviews over and over again of money managers and CEOs of Wall Street firms. And they are just giddy hints why their stocks have just done so phenomenal since the election day. Because again, corporate America not paying as much in tax. That's going to mean they're going to have a lot more money for stock buybacks, expansion, hiring employees, etc. Yeah. And I would argue for this, it was more of there won't be as much tax reform or change with Trump winning, right? Because we had the Trump tax cuts already in place. Yeah, the corporate side certainly could be helpful. But I would more so say this category is we don't have to worry about it as much as we would have. Therefore, things are good, right? And it's been a stimulative tax policy in terms of, I would say growth, maybe not stimulative in terms of tax revenue, but it's been stimulative in terms of growth. Remember, the flip side is darned if you do, darned if you don't, right? And we'll touch on this a little bit later. But more growth isn't necessarily the fear right now, right? Because of inflation and things along those lines. So, you know, it's sort of like throwing gasoline on a potential fire already, certainly on the inflation side. But yeah, the tax reform certainly will be favorable. Hopefully we can figure out ways to grow our tax revenue without growing the percentage of tax that you're paying. And that's through, you know, other growth type initiatives that hopefully some of these others touch on. Well, one of those initiatives, of course, is number two deregulation, right? Prioritizing and rolling back deregulation areas such as energy, areas such as finance, any areas, of course, this would have a positive impact on the companies. It would reduce compliance costs. We heard Dwight complain about this all the time in the mortgage world. Potentially though, could raise environmental and financial risk concerns. Of course, that's the argument on the other side against that. But the bottom line is, is, you know, we have talked toward blue in the face this year about how many deals the FTC has turned down, different types of mergers and acquisitions and things. And with the proposed deregulation that we think the Trump administration is going to do, that should wide open the door for mergers and acquisitions. Again, back to why the Wall Street firms have done so well since election day. And I think in this bucket deregulation, but also simplification, right? I think the big part, you know, one of the things that they ran on, which I completely agree with is just the bureaucracy of all the this, you know, level of, you know, needing all this, you know, I point out the EPA, for example, again, not, you know, there's lots of benefits to environmental protection. But I just think the redundancies of all sorts of different areas of, you know, where you have 14 different, it's almost like the movie office space where you've got 14 different bosses that you have to talk to. I think that's not too similar to what governments become of, we need this checkmark and that company, that agency and this agency and this agency then talks to that agency and it's like, okay. Three years later. Right. Exactly. And there's just, I think there's way too many box checkers in government and hopefully that'll be something that they'll attack wholeheartedly and that'll bring down costs. So I'm very much excited about that. Absolutely. I'm excited on the next one because I love seeing the big pieces of iron out there on the highways and byways, except when they screw up my commutes and things like that. But number three is the infrastructure spending side of things. This one, I'm a little confused on, you know, we, I will give the Biden administration kudos for this side of things, right? They did get the infrastructure spending finally going in some of the various acts and things that were passed. I'm a little bit uncertain. Some are calling for, you know, a trillion dollars or so of investments in the infrastructure projects. I have yet to hear, maybe you have, but I have not heard anything from the Trump administration. If they're going to build on that, pull that back, what their plan exactly is, but many on the street are feeling that there's going to be a bunch of money spent, which again, I hope it is on infrastructure spending and it needs to be. Yeah, for sure. I mean, unfortunately, so much of that money that's been earmarked for infrastructure, I always bring up the Massachusetts gas tax, right? The 50 cent tax that's supposed to go to roads, bridges, tunnels, et cetera, you all know where that goes, the general fund and it never gets to any of those things. And so, you know, hopefully, you know, creating some sort of path that those assets can actually be to upgrade our infrastructure, our bridges, Baltimore, those types of things, you know, to not have things like that occur again, would be huge. Absolutely. Number four, trade policy and tariffs, right? This is one area, of course, that many are concerned, as we've brought up on the show many times, the tariff side of things. I think, of course, the first ones are going to be against China. So we'll see, as we keep saying over and over again, what's going to be the tit for the tat situation with there? What are they going to do to us once they know what our tariffs are going to be? And then what other countries are going to be involved? This one, from an economic standpoint, the tariff side of things, the trade policy, probably has me worried probably more than anything because we just don't know how bad it's going to be. We know it's going to happen. We don't know how bad it's going to be, meaning how large the tariffs are going to be. But most importantly, we don't know what the retaliation is, which again, as we discussed last week, could be from our allies. He may go after some of our allies again. Who knows? But regardless, there's going to be a lot of talk about it and that creates nervousness in the market. It does. And the geopolitical, if we talked about a bunch, is probably the biggest potential to side swipe the growth items that they've talked about, right? We start dealing with a back and forth tit for tat with a China or other, like you mentioned, some of our trade partners, that would not help us on the growth side at all. So yeah, that's the part that I think both sides are sort of interested in what the next steps look like. Is it more art of the deal or do we need to figure out a way to make a deal? Yeah, one night. Right. Exactly. Lots of tariffs we have to deal with and inflation. Exactly. All right. We'll come back. We'll talk about health care reform, some immigration policy, some defense spending, et cetera. As we discuss once again, what we feel at Trump's first year will look like in regards to your money. Let's wrap it up with Kristen Snow. She is in the right nut traffic center. Hi, Kristen. Jason and I are just sitting there shaking our heads on something. We wish we could talk about but we can't. Yeah, my phone is there. So it's not that's why I'm like, yeah, but now it's pretty incredible. Yeah. Exactly. All right. We are talking about something incredible also. What Trump's first year could be for your money? So we hit on tax reform, deregulation, infrastructure spending, trade policy and tariffs. Healthcare reform, you know, again, did not see a lot about this, hear a lot about this during the election as far as repealing the Affordable Care Act, which, of course, was something he dramatically pushed to do when he was in office. But once we start hearing, talk about that, of course, work could be the some issues. Well, we could see health care and insurance companies potentially feeling the impact, you know, so on and so forth. Some for the good, some for the bad. So keep an eye on that sector. That, again, is something that, like I said, we did not hear a lot about on the campaign trail, but I'm sure he's not going to let that one go by the way, since he didn't get his way, when he was in office. Yeah, no, I mean, it's it's health hair hasn't been able to get out of its own way, it seems like for regardless of what's going on. I mean, he had drugs like Lily and those, you know, the weight loss drugs, really the only, I would say, diamond in a pretty ugly space. So yeah, they could always be able to help since the election just been ripping every day. Yeah, once they've decided to, I think, you know, a couple of them will probably do better. I know Sigma talk today as far as mergers and things. So it's a could be a reason why some of those have done better because that's been a name that hasn't been allowed to merge that probably could maybe get get the thumbs up if they if they try to do it again. That's right. All right, we discussed briefly the immigration policy don't need to say a lot on this. But of course strict immigration policies could have a major impact on labor supplies areas like we mentioned, agriculture, construction, restaurants, etc. No, tell them what can happen there. Again, we don't need to dwell on that one anymore. Let's go to defense spending. You know, we know, of course, as Republicans, a lot of money gets spent on defense programs. I remember having to move as a child because my father was in the aircraft industry when Democrats got elected, canceled the defense program my father worked on and got to move to Reno for the very first time out of from Southern California or a second time because those defense projects went by the wayside when the Democrats got in. So it's gonna be a lot of defense spending. You're gonna see a lot of areas, military contractors, defense companies, so on and so forth. Yeah, I mean, that and probably one goes pretty close to his energy policy, right? Another area that, you know, people have talked fair amount about, right? I mean, as we mentioned, we're pumping as much oil as we were when Trump left office. So, you know, what does that do? Oil has been sort of stuck in the mud pre and now post the election too, which is a good thing. Seeing lower energy prices will help all consumers domestically. All right. And once again, the monetary policy influence, we discussed this last week, Chairman Powell on his press or in his press conference on Wednesday said, nope, Trump can't fire me. Not it's not going to happen. So we'll see what kind of course influence Trump has, who his treasury secretary is going to be. You know, I mean, there's a lot of monetary influence there. That's gonna be a fun one to watch also. It will be. I mean, he's already started to roll out some picks. I'm very excited to see ultimately who's in charge with many of those areas within the next week or so. I believe when we should know. All right, my friend, excellent job as always, we will do it again tomorrow on the John Sanchez show. Don't forget to sign up for their upcoming webinar this Wednesday night at sanchez wealth management dot com. God bless, have a great evening. This program was sponsored by Sanchez wealth management. 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Now that Donald Trump has been elected president, many of you may be wondering what that means for your money. This afternoon on the Jon Sanchez Show at 3pm, we’ll review 9 things that we expect to happen within his first year.