Transcript
Hello, everybody, welcome to Friday. Oh, the S&P 500 was up a grand total of .01% today. So pretty much flat, kind of similar to the week actually very small gain for the week. Also, I think what it’s showing us is the markets just going to kind of go sideways here, it’s also fairly quiet, you know, I can see all of the trades coming through, and lots of flashing, and it was very quiet this week. And I think things are settling down, waiting for the election to happen, the stimulus has been a big story, whether we’re going to have it or not have it, I do think we will have another stimulus at some point in time, it might not be before the election, it might not even be before the end of the year, but the market is patient, it will look ahead six to 18 months. And I think that that will probably play out, we will get some other type of help that could come into the economy. But if we don’t, even in the short term here, I mentioned before, there’s a tremendous amount of money in savings.
And so the report from the retail sales for September was really good, much higher than expected. And so money is starting to come out. I think Christmas could be big, I think this could be a catalyst to maybe get things moving. And we’re also heading into earnings season. And again, I think a lot of these companies are going to have pretty good earnings. Earnings season generally does cause some volatility, as there are some concerns and people that are selling right before the reports and those types of things. So be aware of that. But I do think that when the reports are positive, we see some really, really good gains. And I do believe that’s what we’re going to start to see here from a lot of these companies, especially the ones that we own, that are still making money here in this you know, environment.
So altogether, I think it’s been a fine week, nothing too special. Be really interested to see what happens here coming forward. We’re well positioned the changes that we made, you know, a couple weeks ago, again, really good. Really good. I mean, most of the accounts that I’m looking at are at an all time highs. So that’s that’s fantastic. So I look forward to you know, seeing what’s going to happen next week. And I want to thank you for listening today. Thank you.