Transcript:
Tom Vaughan:
Hello, everybody, welcome to Tuesday, the S&P 500 was down point 4%. Today, most of the weakness was laid off by a several semiconductor companies and Vidya and Micron reporting earnings or reporting softness in the business. So they’re seeing a slowdown in demand, which is saying something because the demand was really high for the semiconductor companies before, just sort of another warning sign that’s coming up in terms of things slowing. And again, what’s one thing to have slowing, it’s another thing to have things really fall quickly, we have to have things slow to bring down inflation, but it’s just how much and so this would be the battle that goes on out there, you know, in terms of where the market is going to go or, or fall from here. Nobody was really willing to step in, I think in this negative day, the day before the CPI comes out and really run the market back up again. So not too surprised, we’re still in the same range that we’ve been in eight days in a row now.
So as expected, really the waiting is happening for what’s going to happen tomorrow. So hopefully, you know, we get a report that people see is really good. And we’ll get a kind of a pop upward. Maybe we can start to get through some of these barriers that are above us get out of this particular range. Or maybe the numbers are worse, and we’ll see some fall down. So it’s not a bad time to have some treasuries right now, today, it worked out great, you know, some of our stock market allocation we have in treasuries, treasury bond and Bill ETFs. Just to be able to, you know, kind of solidify some of the potential risk as far as that goes. And then actually our targeted indexes did well today, Apple, Microsoft, and the Clean Energy piece were all up today, even in this down market, so that that helps out also just kind of getting on the right side of a few of those things. As far as that goes. So look forward to see what’s gonna happen tomorrow. This is a really interesting timeframe. Again, like I said yesterday, this is sort of like the Super Bowl for the stock market anticipation for what that number might be and what you know how it breaks out there really to see how the market reacts to it as far as that goes. So look forward to talking to you tomorrow. Thank you