Transcript: Easan Arulanantham: Do you still believe socks is a good quality investment? I watch your show several times a week. And it’s been a while since you mentioned it. Tom Vaughan: Yeah, so what he’s talking about is the iShares semiconductor ETF, the symbol is SOXX. That’s pretty much what we call it all
Transcript: Tom Vaughan: I’d like to start off the show with a summary of kind of what I saw happening in the market this week. So what I have here, of course, is a chart of the S&P 500. Going back to the beginning of the year, and then the blue line that’s in there
Transcript: Tom Vaughan: Hello, everybody, welcome to Thursday, the S&P 500 was up 1.5%. Today, a nice green shirt day. One of the biggest catalysts was that the unemployment claims actually went up more than expected to under 35,001st Time unemployment claims. In a normal environment, that would not be good news, because you know,
Transcript: Easan Arulanantham: Are there any stocks that have shown resiliency in this downturn? Tom Vaughan: Any stocks that have shown resiliency, okay? So this downturn has been a little bit different in some regards. And because technically speaking in downturns, you look towards utilities, you look towards health care, mainly because you know, people
Transcript: Easan Arulanantham: Should I consider taking a 15 year or 30 year mortgage? You know, with interest rates being so high, I can see, I think about percent maybe on that 15 versus that, you know, 30 year is that kind of worth that, you know, savings? Tom Vaughan: Yeah, it, it can be.
Transcript: Tom Vaughan: Hello, everybody, and welcome to Wednesday, the S&P 500 was up point 4%. Today, the Fed meetings came out for the minutes from the meeting that happened last month. market responded positively to them. I don’t think there was a lot of new news, there was an awful lot of talk inside
Transcript: Easan Arulanantham: Could you explain yield curve control? I hear people talking about, I’m not sure what it is and how it affects everything. Tom Vaughan: Yeah, yield curve control is essentially a theory, as far as I’m concerned. So far, I haven’t seen it be or heard about it being used yet. But
Transcript: Easan Arulanantham: Greg sent in this question that we broke into three different parts. So the first part is regarding the US debt, it appears the consumers have a relatively low debt level at the moment while government debt is high. Will this not cause a problem? If they keep raising interest rates? Will
Transcript: Tom Vaughan: Hello, everybody, welcome to Tuesday, the S&P 500 was up point one 6%. Today, I was really big accomplishment, it was down a lot today over one and a half percent, really in the morning and what have you and kind of rallied up throughout the rest of the day, and seems
Transcript: Tom Vaughan: Hello, everybody, welcome to Thursday, the S&P 500 was down point 9%. Today, interesting that the market was down even though some of the numbers that came out for inflation were a little bit better than expected. So the PCE the personal consumption expenditure index, which is the Feds preferred measure of