Transcript:
Tom Vaughan:
Hello, everybody, welcome to Tuesday, the S&P 500 was up 2.14%. Today, I’m literally wearing out the green and the red shirts this year, lots of different things going on. I think this time period that we’re in here is really a masterclass on why you want to stay very diversified. In these types of markets, there’s so many cross currents, and they can have so many different, you know, reversals of things that you think so take oil, for example, it’s really fascinating. And I was going up beginning of the year, because the Re-opening has been happening faster than the supplies can keep up. And then all of a sudden, we have this invasion in Ukraine and oil really moves up, there’s some expectations that might go up to $200 a barrel and hit 137. Five days later, it’s back down to $95 a barrel. Some of that’s because some of the oil producing countries have talked about increasing production. And then there’s some hope that there’ll be a Ukraine, you know, resolution here at some point. But this week, seems like the biggest dropping of oil price has been because of the virus hitting in Japan, China, where they’re shutting down some of these major cities that produce a lot of different products. And maybe that would cause some slowdown in China, they won’t need as much oil. And so that price oil comes down and boom, what do we have today? Huge moves from the growth stocks, the tech stocks, what have you. And if you really look today, you know, Microsoft was up 3.9, apples at 3%, the semiconductor index that we use, so xx was up 4.6%.
I think, personally, that the two big updates that we’ve had last week, Wednesday of last week, and then this Tuesday, they had the same types of stocks running. My hope is that when things clear up and get a little bit better, and all these different areas, we’ll see those particular types of stocks really take off. We have three, I think pretty good growth stock type of pieces and our targeted indexes. But most of our money is in these broad indexes, which I think is the appropriate place to be right now. Just because it’s just really wild all the different crosscurrents. I think that’ll be the theme of the year here, too. So big day tomorrow with the Federal Reserve meeting. They’re going to meet met today. They’ll be talking tomorrow after their meeting, a second meeting. And so we’ll get to hear you know, what they think what did they see that the words that they use are really important to the market, we’ll see how the market responds to that. And then of course, they’ll tell about, you know, what interest rate increase they’ve decided on from this meeting as far as that goes. So very interesting timeframe. Good time to be, you know, really paying attention to what’s happening. So, look forward to talking to you tomorrow. Thank you very much.