Transcript:
Tom Vaughan:
Everybody, welcome to Thursday, the S&P 500 was down point 4%. Today, which, believe it or not, was actually an accomplishment and maybe not so bad actually had a great day yesterday. And then the inflation number came out today, it was a little bit higher than expected. Almost every time we’ve had the inflation number come out recently, the market has retreated. That was certainly true in the first couple of hours of the day, the ceasefire talks between Russia and Ukraine basically didn’t resolve anything, price of oil went up stock markets down. But one thing it was very fascinating, if you look, well, the market was coming down, the volume was very low, if you look at the hourly volume, and then all of a sudden, the market kind of started to turn around, oil started to come back down actually ended up down for the for the day in the end, stock market rallied up on higher volume throughout the second half of the day, and wasn’t enough to drive it back up into positive territory.
But really, it’s an amazing, you know, kind of buy the dip piece that’s coming through, especially considering how well things went yesterday. So you know, we’ll see what happens here. But I saw those as encouraging signs, we still have a low that was put in on February 24, that we have not exceeded markets hanging in there at this point in time. Next week. Of course, the big news will be what’s happening with the Federal Reserve, they meet and we’ll hear about how they say things in terms of what they’re looking at. That’s important to the market. And obviously they’ll announce what the rate increases as far as that goes. So very fascinating times as usual. Please, if you want to join me tomorrow with the talk money with Tom show, the first part of that show, I do a summary for what I saw happening over the whole week. And then you can obviously ask questions during that show. And there’s lots of things that you might be interested in at this point in time. So look forward to seeing you tomorrow. Thank you very much.