Transcript:
Tom Vaughan:
Hello, everybody, welcome to Tuesday, the S&P 500 was up 1.6%. Today a green shirt day today, the NASDAQ was up two and a half percent. And the Russell 2000 was actually up 2.8%. All of this started off really early in the morning it took off and just kept on going and really had to do with the Russia Ukraine situation Russia claim that they withdrew some troops from the border, there’s some question marks about whether they really did that or not, but the market like the comments, and like the thought process of having some easing there, we saw the price of oil come down a fair amount today, too. So good, good movement, you can tell what’s driving the market. You know, there’s three big drivers right now the earnings that are really mostly positive, then you have the Russia Ukraine situation, which can be negative or positive like today, depending on what’s happening. And of course, inflation and the Federal Reserve sort of wrapped together into one issue. And again, that can be positive, like it was early last week and negative like it was later in the week, last week. So just to kind of fascinating, all these different tug of wars that are going on.
And I know it seems like there’s a lot of volatility, but actually this market has been, you know, not that far off from its high. You know, we’ve had some movement per day, different things that are going on, there are a lot of cross currents that are happening. But there’s still quite a bit of support to the market. And certainly, we saw some of that today. So hopefully things continue to improve in different areas. In the interim, these are great chances to be buying on these dips, in my opinion. If you look at this, historically, for what happens in these types of timeframes. They don’t cause the big types of downturns that are really you know, what we want to avoid, they TOS the smaller downturns and that again, gives you opportunity to come in and buy on those dips in my opinion. And that’s what we’ve been doing so far. It’s been working well so far this year and helping to make you know, something out of what’s happened happening so far. So anyway, look forward to seeing what’s gonna happen tomorrow. And hopefully we’ll have some, some more green shirt days ahead. Thank you