Money Wise

This week on Money Wise, the guys recap a flat week on Wall Street, with the Dow and NASDAQ barely budging and the S&P 500 hovering exactly where it was a month ago. Amid geopolitical tension in the Middle East and the looming July 9 tariff deadline, markets appear to be in a holding pattern. The Money Wise guys also preview a deeper discussion in the second half of the hour on how Wall Street continues to churn out new investment products, often more beneficial to sellers than buyers. They urge investors to tread carefully and stay focused on fundamentals while waiting for clarity in the second half of the year. Sideways Markets Markets don't always move dramatically up or down—sometimes they just drift sideways. That's been the case lately, with the S&P 500 virtually unchanged for over a month. This kind of flat performance, known as a “sideways market,” often reflects a mix of uncertainty and anticipation. Investors may be waiting for clarity on key issues, like tariff policy or legislative outcomes, before making big moves. While sideways markets can feel uneventful, they can also offer opportunities for strategic rebalancing and positioning for the next potential breakout. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys kick this week's episode off with another market review. Last week the markets pulled back, with the Dow down 1.3%, the S&P 500 off by 0.4%, and the NASDAQ falling 0.6%. Despite encouraging inflation data, specifically favorable CPI and PPI readings, geopolitical tension in the Middle East quickly overshadowed the good news. Thursday night's developments between Israel and Iran led to Friday's market drop, with investors hesitant to hold positions over the weekend. The guys discuss how these types of events often spark short-term volatility, not long-term shifts, and share insight into recent rebalancing decisions involving oil and gas positions. Later in the show they delve into insurance-based investment products, often favored by legacy firms, but not always in clients' best interest. Insurance-Based Investments Insurance-based investments, like variable annuities and equity-indexed products, are often pitched as safe, reliable options, especially by legacy firms. But behind the promises can lie high fees, long lock-up periods, and limited transparency. As discussed in this week's episode, these products may serve the salesperson more than the investor, offering hefty commissions without always aligning with a client's financial goals. It's essential to look beyond the sales pitch and evaluate whether these tools truly support your long-term strategy. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In the week that just passed, the markets posted another strong week, capping off a resilient stretch that's pushing all three major indexes back into positive territory for the year. The hosts discussed how the market recovery—initially doubted to be V-shaped—is indeed shaping up like one, with the S&P 500 now within 2% of all-time highs. A better-than-expected jobs report helped fuel Friday's gains, reinforcing economic strength despite political calls for rate cuts. The conversation also touched on the media drama between President Trump and Elon Musk, whose public fallout briefly rattled Tesla shares before markets recovered. Trump's pressure on the Fed to slash interest rates by a full percentage point drew skepticism, particularly as economic data doesn't yet justify such a move. The team also speculated that the rhetoric may be more about countering economic weakness overseas—especially in Europe, where corporate insolvencies are on the rise—than it is about domestic fundamentals. Global Economic Warnings While U.S. markets showed strength last week, concerns abroad cast a longer shadow. Reports from Europe, particularly Germany, pointed to rising corporate bankruptcies and significant job losses—the most since the 2008 financial crisis. With discussions of massive stimulus measures and tax relief overseas, some analysts wonder whether the U.S. is quietly bracing for ripple effects. Although the American economy appears relatively stable for now, global instability could challenge that narrative in the months ahead. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys kick off this week's episode with a reflection on last week's numbers from Wall Street. They report that the markets closed out May on a high note, with all three major indices posting solid weekly gains and even stronger monthly returns. The Dow rose 1.6%, the S&P 500 climbed 1.9%, and the NASDAQ led the charge with a 2% increase. For the month of May, the NASDAQ soared 9.6%, the S&P 500 jumped 6.2%, and the Dow finished up 3.9%. The team goes on to highlight the second revision of Q1 GDP and the latest core PCE reading—formerly the Fed's go-to inflation gauge. With year-over-year PCE now at 2.1%, the data suggests inflation is nearing the Fed's 2% target, igniting debate about when rate cuts may finally happen. However, the media continues its gloom-heavy narrative, with financial figures like Jamie Dimon casting shadows of stagflation and looming bond market stress, despite signs of economic resilience. Later in the show, the team does a deep dive into proper portfolio construction, because how your investments are structured can make or break your financial goals.  A Gloomy Wall Street Despite the strong performance across the markets in May, Wall Street sentiment remains surprisingly downbeat. Financial media and major voices like Jamie Dimon continue to push cautionary narratives, raising concerns about stagflation, cracks in the bond market, and long-term economic risks. Even as inflation readings like the core PCE show progress toward the Fed's target, the tone from many in the financial world leans more pessimistic than the data might warrant. It's a reminder that headlines often lag reality, and that investors need to stay focused on facts, not fear. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Markets took a hit last week as the Dow fell 2.5%, the S&P 500 dropped 2.6%, and the NASDAQ slipped 2.5%. While early-week momentum was positive, the tone shifted sharply after President Trump posted on Truth Social Friday morning, announcing a potential 50% tariff on EU imports and a 25% tariff on foreign-made iPhones—news that sent markets into the red ahead of the long weekend. The Money Wise guys emphasize that unexpected announcements like this, especially during thin trading before holidays, tend to spook investors and contribute to volatility. They also touch on broader media narratives that resurfaced concerns about the national deficit, potential downgrades to U.S. credit, and Social Security stability—longstanding fears that have persisted for decades. The team reminds listeners that these recurring headlines often stir emotions, but rarely reflect immediate threats to the markets. As always, the guys encourage maintaining a long-term perspective, staying grounded, and tuning out the financial “noise” that distracts from sound investment decisions. Tech Takes the Spotlight While the broader market slipped heading into the long weekend, tech stood out as a focal point of the conversation. From tariff threats on imported iPhones to questions around Apple's international manufacturing, technology companies found themselves in the political crosshairs once again. But beyond the headlines, it's clear that tech still plays a critical role in market momentum—both as a driver of volatility and a source of long-term growth potential. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys kick off this week's episode by celebrating a strong rally in the markets and declaring the "tariff tantrum" officially over. The Dow surged 1,405 points (3.4%), the S&P 500 gained 298 points (5.3%), and the NASDAQ jumped 1,282 points (7.2%). That brought the Dow and S&P into positive territory for the year—up 0.3% and 1.3% respectively—while the NASDAQ is now down just 0.5% year-to-date. The spark for this surge? Productive trade talks in Switzerland between Treasury Secretary Bessette and Chinese officials, which resulted in a 90-day pause on the harshest proposed tariffs. The guys have long suspected those extreme tariffs would never be implemented, and the market's sharp V-shaped rebound has affirmed that outlook. They also discuss how the S&P 500 successfully broke through technical resistance at the 200-day moving average, signaling renewed strength in the market's momentum. Despite ongoing media skepticism and the likelihood of more headline-driven bumps ahead, the team is optimistic that the worst of the tariff-related fear is in the rearview mirror. They note that there's still room for growth, with the S&P 500 about 3% off its February highs and the NASDAQ still 4.5% below its recent peak. As trade tensions ease, attention is beginning to shift toward domestic policy—particularly the proposed “big beautiful tax bill,” which has hit some pushback. While it's a work in progress, the market hasn't reacted negatively to political debate, another encouraging sign for investors moving forward. Recovery Taking Shape  After weeks of uncertainty and technical stagnation, the market finally broke through resistance at the S&P 500's 200-day moving average, confirming a V-shaped recovery. The Dow, S&P, and NASDAQ all posted major gains on the week, bringing the indexes closer to their previous highs. While there's still ground to cover—the S&P is about 3% off its February peak, and the NASDAQ is 4.5% below its December high—the team emphasized that recovery isn't just about bouncing back, but continuing to build. With technical strength returning and investor sentiment improving, the foundation is being laid for a new phase of growth. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

This week on Money Wise, the “three amigos” take over hosting duties to break down another relatively quiet but technically meaningful week on Wall Street. The Dow dipped slightly by 0.16%, the S&P 500 slipped 0.47%, and the NASDAQ fell just 0.27%. Year-to-date, the major indexes are still in negative territory, with the Dow down 3%, the S&P down 3.8%, and the NASDAQ down 7.2%. Despite the modest weekly moves, the team points to an important technical development: the S&P 500 moved above its 50-day moving average, creating a new level of support, but continues to face resistance at the 200-day moving average. They liken the current market pattern to a “cha-cha” or a truck stuck in the mud, moving sideways until there's more clarity on trade negotiations—particularly with China. The Money Wise guys discuss how upcoming meetings between U.S. officials and Chinese trade representatives could play a key role in determining whether the market breaks out of its current range. While headline noise continues, the team believes we may already be past the worst of the negative sentiment. April's market performance—down less than 1% despite volatile news flow—was cited as evidence of resilience. With the S&P 500 still 7.9% off its February highs, the guys emphasize that there's still plenty of room for growth and encourage investors not to assume they've “missed” the recovery. Their closing message: stay level-headed, tune out the media spin, and lean on long-term fundamentals. Trade Deal Hopes The Money Wise guys emphasize the significance of upcoming trade negotiations between the U.S. and China, noting that a well-received framework could be the catalyst markets need to break out of their current sideways pattern. With Secretary Bessette expected to meet with Chinese officials, early talks are focusing on de-escalating current tariff measures before diving into a more comprehensive trade plan. The guys believe that a positive outcome—especially one that avoids reinstating the harsher tariffs previously announced—could ease investor anxiety and inject new momentum into the market. While political noise will likely continue, they point out that both economic and political pressures make it unlikely that the full slate of punitive tariffs will be enforced. If meaningful progress is made, it could help the S&P 500 push past its 200-day moving average and reignite broader investor confidence. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

This week on Money Wise, the guys recap another positive stretch for markets as the Dow climbed 1,204 points (3%), the S&P 500 rose 161 points (2.9%), and the NASDAQ jumped 595 points (3.4%). Despite ongoing tariff worries, the indexes continue to recover from earlier declines. Year-to-date, the Dow remains down 2.9%, the S&P 500 is off 3.3%, and the NASDAQ is still down 6.9%. April itself ended with mixed results — while the Dow and S&P were slightly negative, the NASDAQ managed a modest gain, highlighting how quickly sentiment has shifted. The Money Wise guys point to the market's nine-day winning streak as a reminder of why emotional investing and market timing can be dangerous. Investors who stepped aside during the tariff turmoil likely missed a major rebound, reinforcing the team's advice to stay disciplined and diversified. Much of the discussion centers around the ongoing trade situation and its evolving impact on market dynamics. While uncertainty remains, the guys are cautiously optimistic that the harshest tariff measures may never materialize. They emphasize that with 60 days left in the current negotiating window, many global trading partners — especially China — appear motivated to reach deals. Recent headlines, such as China's willingness to discuss fentanyl trade issues, fueled hopes of progress. The team also acknowledges political considerations, noting that with midterms approaching and tax policy goals on the table, President Trump may be inclined to soften tariff plans to avoid jeopardizing economic momentum. In short, while headline risk remains, the market's resilience and improving breadth suggest investors should stay focused on fundamentals and avoid reacting emotionally to every twist in the news cycle. The 90-Day Tariff Countdown The Money Wise guys spotlight the ongoing 90-day tariff countdown, emphasizing how it continues to hang over the market and shape investor sentiment. While uncertainty remains, they express confidence that the harshest tariff measures announced on April 2 may ultimately never be implemented. With about 60 days left in the negotiation window, key trading partners—especially China—are showing signs of willingness to come to the table, evidenced by recent talks around sensitive issues like fentanyl. The hosts note that political pressures, including upcoming midterm elections and the desire to push tax legislation forward, may further motivate President Trump to ease or delay tariff plans. For now, the countdown keeps markets headline-driven, but the team believes an all-out tariff escalation remains unlikely. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

This week on Money Wise, the team recaps a strong rebound for the markets. The Dow rose 971 points (2.5%), the S&P 500 gained 243 points (4.6%), and the NASDAQ jumped 1,096 points (6.7%). Year-to-date losses are still present—with the Dow down 5.7%, the S&P down 6.1%, and the NASDAQ down 10%—but the gap from all-time highs is closing. The S&P and Dow are each about 10–11% off their highs, and the NASDAQ has improved significantly, now only about 14% off. Much of the rally was attributed to strong earnings results, particularly from the "Magnificent 7" tech stocks, which have contributed 14.8% of the S&P 500's first-quarter earnings growth so far. The Money Wise guys also reflect on the week's political drama, with markets initially rattled after President Trump's comments about firing Fed Chairman Powell, leading to a sharp 1,000-point drop in the Dow. However, calmer voices—particularly Treasury Secretary Bessette—seemed to prevail, with Trump later walking back his comments, helping markets rebound. The guys emphasize that while the market is still dealing with the fallout from the ongoing tariff issues, earnings season offers real opportunities, especially beyond the top tech names. Their reminder to investors: stay focused on fundamentals and don't let headline-driven volatility knock you off course. Earnings Season Kicks Off Starting off the show, the Money Wise guys highlight that earnings season is now in full swing, bringing a critical shift in market focus away from political headlines and back toward company fundamentals. They point out that while the "Magnificent 7" tech stocks have driven much of the early earnings growth—contributing nearly 15% so far—the broader market is starting to show more opportunities beyond just big tech. With major companies like Amazon, Apple, and Microsoft reporting in the coming days, the team emphasize that this is the "meat and potatoes" part of earnings season, where real market leadership and broader participation could start to emerge. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

This week on Money Wise, the team recaps another choppy stretch for the markets as the Dow dropped 1,070 points (2.7%), the S&P 500 fell 81 points (1.5%), and the NASDAQ lost 438 points (2.6%). Year-to-date, losses continue to deepen with the Dow down 8%, the S&P 500 down 10.2%, and the NASDAQ down 15.7%. The Money Wise guys agree that we remain in the thick of what they're calling a “tariff tantrum,” with ongoing headline-driven volatility and no clear end in sight. Trading volume has fallen below average on both the buy and sell sides, signaling that many investors are taking a wait-and-see approach as negotiations with global trading partners get underway. The team discuss the likelihood of an "L-shaped recovery" rather than a fast V-shaped rebound, emphasizing that uncertainty around tariff negotiations is keeping markets stuck in a sideways trading range. While there's cautious optimism that some policies may shift or soften—especially as pressure builds heading into the 90-day trade negotiation deadline—they note that confidence among institutional investors remains low. Still, there are selective opportunities emerging in beaten-down sectors like tech, and the Money Wise guys have been making targeted moves. Their takeaway: In a market this headline-sensitive, discipline, diversification, and emotional restraint remain essential. The L-Shaped Recovery Debate The Money Wise team explores the idea of an "L-shaped recovery," contrasting it with the swift, V-shaped rebound seen during the COVID-era downturn. In this scenario, the market experiences a sharp drop followed by a prolonged period of stagnation, rather than a quick climb back. With investor confidence shaken and uncertainty lingering around ongoing tariff negotiations, the guys agree this slower, flatter trajectory may be more realistic. They point to low trading volume and lack of decisive direction as signs that many investors are in a holding pattern—waiting for clarity before reentering the market in a meaningful way. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

As always, the Money Wise guys kick off this week with a look into the numbers from Wall Street. Thankfully, the markets delivered a dramatic turnaround, with the Dow up 1,898 points (5%), the S&P 500 gaining 289 points (5.7%), and the NASDAQ soaring 1,137 points (7.3%). While year-to-date numbers remain negative—Dow down 5.5%, S&P 500 down 8.8%, and NASDAQ down 13.4%—the guys unpack what they call one of the wildest weeks in market history, particularly Wednesday's rally, which ranked among the top 10 point gains for the Dow. The Money Wise guys compare the volatility to COVID-era swings but emphasize that this time, the chaos is largely self-inflicted—driven by headlines, tweets, and the ongoing uncertainty surrounding Trump's tariff plans. Much of the conversation focuses on how investor emotions—from despair to euphoria—can wreak havoc in volatile environments like this. The team stress the importance of staying invested and not letting fear drive decisions, citing that missing just a few of the market's biggest up days can drastically cut long-term returns. They also discuss Trump's strategic pivot on tariffs, which may lead to long-term benefits—including potential revenue generation to extend tax cuts. With policy uncertainty still hanging over the markets, they want to remind listeners that disciplined, balanced investing is more important than ever—especially when a single tweet can send stocks soaring or crashing. Emotional Investing This week, the Money Wise team emphasizes that emotional investing is one of the most damaging habits an investor can fall into—especially during volatile periods like this. Making decisions based on fear, panic, or even excitement can lead to costly mistakes, such as pulling out of the market right before a major rebound. They point out that missing just a handful of the market's biggest up days—like this week's historic rally—can drastically reduce long-term returns. In environments driven by headlines and political uncertainty, keeping emotions in check and staying committed to a long-term strategy is key to avoiding self-inflicted financial setbacks. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

This week, the Money Wise guys focus on one of the most volatile market stretches in recent memory, as the Dow dropped 3,269 points (7.9%), the S&P 500 fell 507 points (9.1%), and the NASDAQ plunged 1,735 points (10%). Year-to-date numbers now show steep losses, with the Dow down 9.9%, the S&P down 13.7%, and the NASDAQ down 19.3%. The team zero in on what they dubbed the “tariff tantrum,” triggered by President Trump's trade policy announcements mid-week. Thursday and Friday alone accounted for the #3 and #4 worst point-loss days in Dow history, with the S&P 500 losing a staggering $4.9 trillion in market capitalization across just two sessions. The guys push back against what they called an “asinine overreaction,” blaming politically motivated selling, algorithmic trading, and a media environment eager to cast a negative light on Trump's agenda. They argue the market's response was out of proportion to the actual policy implications and point out that similar trade imbalance issues have persisted for decades without such dramatic selloffs. With fear and sentiment driving the downturn—not fundamentals—the message is clear: stay focused, stay invested, and don't let emotional headlines derail long-term plans. Historic Market Drop The team emphasizes the sheer magnitude of this week's market drop, calling it one of the most historic in recent memory. They highlight that Thursday and Friday marked the third and fourth largest single-day point losses in the history of the Dow, rivaling even the volatility seen during the COVID era. More striking, they note, was the $4.9 trillion in market capitalization wiped out from the S&P 500 alone—just over two days. While acknowledging the seriousness of the decline, they question whether the reaction was proportionate to the news, calling it an emotionally charged overcorrection rather than a reflection of true economic fundamentals. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

This week, the Money Wise guys analyze a volatile market week, with the Dow down 1%, the S&P 500 down 1.5%, and the NASDAQ dropping 2.6%. A “buyer strike” seemed evident, with the last three trading days seeing unusually low volume, suggesting traders are waiting for clarity on April 2—dubbed "Liberation Day"—when new tariff policies may take shape. The discussion highlights how sentiment, often driven by media narratives and economic indicators like the Michigan Consumer Sentiment Index and PCE inflation data, continues to fuel market swings. Friday saw another sharp decline, which the guys attribute to knee-jerk reactions rather than fundamental shifts. The team emphasizes the challenge of navigating a market increasingly influenced by headlines rather than hard data. ‘Liberation Day' Anticipation “Liberation Day,” a term jokingly given to April 2, refers to the hope that markets might finally break free from the constant barrage of tariff-related headlines. The Money Wise guys express frustration with how trade policy news has dominated market sentiment, creating heightened volatility. They note that traders seem to be holding back, waiting to see how the administration's next moves unfold before making big market decisions. The guys speculate that if the April 2 announcement brings clarity and stability, it could provide much-needed relief from the uncertainty that has weighed on investor emotions throughout the quarter. However, they also acknowledge that if the announcement sparks more confusion, the cycle of sentiment-driven market swings could continue. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys open this week's episode with a look at last week's market performance, which saw a modest rebound. The Dow climbed 497 points (1.2%), the S&P 500 added 29 points (0.5%), and the NASDAQ rose 30 points (0.2%). Despite the uptick, year-to-date numbers remain in the red: the Dow is down 1.3%, the S&P 500 is down 3.6%, and the NASDAQ is down 7.9%. The discussion focuses on Friday's "triple witching" volatility, which brought significant buying volume—92% above the daily average—and helped markets finish the week strong. While the rally was welcomed, the guys caution that continued volatility is likely, especially as we enter earnings season and companies may take advantage of lower stock prices to release less-than-stellar news. A major theme of the episode was the Federal Reserve's latest meeting, which the Money Wise guys note they barely mentioned in the prior week—a sign, they joke, that “Dad would be proud.” The Fed struck a more dovish tone, with Chairman Powell signaling concerns about economic growth and reducing the Fed's monthly balance sheet runoff from $25 billion to $5 billion. While Powell wasn't fully convinced that upcoming reciprocal tariffs would fuel long-term inflation, the Fed's updated stance and talk of possible rate cuts (now estimated at two in 2025) helped lift market sentiment midweek. However, volatility persisted, and the team emphasizes that the market's reaction was less about surprises and more about the Fed giving investors what they wanted: signs of a willingness to support the economy without appearing overly reactive. Triple Witching Volatility Friday's triple witching—a quarterly event when stock options, index options, and futures contracts expire simultaneously—brought a surge in buying volume, with activity spiking 92% above the daily average. While some of the movement may have been driven by technical factors and short-term positioning, the team notes that it contributed to a strong close that helped markets notch modest weekly gains. This kind of volatility, they emphasize, is exactly what they've been preparing listeners for all year: unpredictable swings driven more by market mechanics and sentiment than fundamentals. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys return this week to analyze another rough stretch for the markets, with the Dow falling 1,114 points (3.1%), the S&P 500 losing 131 points (2.3%), and the NASDAQ dropping 442 points (2.4%). Year-to-date, the numbers continue to slide, with the Dow now down 2.5%, the S&P 500 down 4.1%, and the NASDAQ sinking 8.1%. The discussion opens with a thought-provoking quote from a JP Morgan analyst, emphasizing that while politics may dominate headlines, the stock market operates independently—driven by earnings, growth, liquidity, and investor confidence. Despite market consensus initially expecting a balance between inflationary and pro-growth policies, investors appear wary of the Trump administration's aggressive stance in its first 50 days, particularly on trade and tariffs. The conversation then pivots to Trump's long-held views on trade, dating back to interviews from the 1980s, and how his current policies reflect a long-standing belief that the U.S. has been taken advantage of by its trading partners. While tariffs and trade battles may cause short-term economic pain and potentially slow growth, the team notes that the odds of a full recession remain below 50%. Additionally, they point out that the Federal Reserve has tools at its disposal—such as pausing quantitative tightening or cutting interest rates—to offset economic pressure if needed. The Money Wise guys speculate that Trump's aggressive trade stance might also serve as a strategic push to force the Fed's hand on rate cuts, especially as inflation pressures tied to housing remain a key concern. With producer and consumer price numbers improving, the message was clear: investors may need to endure short-term volatility for the potential of longer-term market strength. A Wary Market  The team discusses how the market remains wary of Trump's aggressive trade policies, particularly tariffs on key trading partners, which have fueled volatility and investor uncertainty. While some fear these measures could slow economic growth, others see them as necessary to correct trade imbalances. They also note how negative media coverage and escalating tensions have amplified fear-driven selloffs, leading to market corrections that don't always align with economic fundamentals. The key takeaway? Investors should stay focused on long-term strategies rather than reacting emotionally to short-term fluctuations. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys break down another tough week for the markets, with the Dow dropping 1,039 points (2.4%), the S&P 500 falling 184 points (3.1%), and the NASDAQ sliding 651 points (3.5%). Year-to-date, the Dow remains slightly positive (+0.6%), but the S&P 500 (-1.9%) and NASDAQ (-5.8%) have dipped further into negative territory. With the market entering a correction phase, the discussion turned to historical context—reminding listeners that pullbacks of 5-10% are normal and occur regularly. What makes this correction unique, however, is the overwhelming noise surrounding it, much of which stems from ongoing tariff debates and broader economic uncertainty. The guys note that market sentiment is increasingly driven by headlines, with investors reacting sharply to political narratives rather than fundamentals. Yet, just as quickly as fear has taken hold, a resolution to tariff disputes could send the market soaring again, making emotional reactions a risky approach to investing. Expanding on investor sentiment, the team highlights CNN's Greed and Fear Index, which currently signals "extreme fear" in the markets—mirroring the heightened anxiety seen among investors. They stress that while fear-driven selloffs can snowball, historical patterns show that markets tend to recover from corrections, often rebounding when uncertainty clears. The Federal Reserve's stance remains that inflation from tariffs is likely a one-time price adjustment rather than a long-term concern, though skepticism lingers after past assurances that inflation would be "transitory." Ultimately, the guys urge investors to avoid emotional decision-making, resist the herd mentality, and focus on long-term fundamentals rather than short-term panic. Tariff Turmoil The ongoing tariff debate continues to fuel market volatility, with investors reacting to every new headline despite the lack of concrete long-term impacts. The guys point out that while tariffs have dominated the news cycle, their actual economic effects remain uncertain—especially since past tariffs under different administrations received little media attention. They argue that the market's fixation on trade negotiations is more about political noise than financial fundamentals. A single announcement resolving disputes with Canada, Mexico, or China could trigger a massive market rally, yet many investors are making emotional decisions based on speculation rather than patience. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys wrap up February with a look at market performance, noting a mixed week where the Dow rose 413 points (1%), while the S&P 500 and NASDAQ fell 1% and 3.5%, respectively. February was historically in line with expectations as a weak month, with all three major indexes closing lower—down 1.6% (Dow), 1.4% (S&P 500), and 4% (NASDAQ). Despite recent declines, year-to-date numbers remain positive for the Dow (+3%) and S&P 500 (+1.2%), though the NASDAQ sits at -2.4%. The guys highlight the ongoing trading range in the S&P 500, which has been oscillating between 6,100 and 5,775 since December. A notable surge in buying volume on Friday—the highest of 2025—pushed markets higher into the weekend, fueling speculation about whether this was the start of a rebound or merely short sellers covering positions. Beyond the numbers, the conversation turned to the forces driving volatility, from political headlines to month-end hedge fund positioning. A sharp 800-point Dow reversal on Friday, sparked by political drama in the White House, underscored how reactive markets have become to news cycles. The team reiterated that 2025 is shaping up to be a year of heightened swings, driven largely by ongoing speculation about tariffs and Federal Reserve policy. With traders reacting to every development, maintaining a long-term perspective remains key. The takeaway? Noise and short-term fluctuations will continue, but investors who stay disciplined and focus on the bigger picture will be better positioned amid the turbulence. Traders Gonna Trade Friday's surge in buying volume—the highest of 2025—sparked debate over whether it signaled genuine bullish momentum or was simply short sellers closing positions ahead of the weekend. With trading volume 44% above the daily moving average, the spike in activity stood out, but the real question remains: were investors stepping in with conviction, or were hedge funds and traders locking in gains after a volatile month? Given that February ended in the red for all major indexes, some argue that fund managers were closing shorts to secure profits before monthly performance calculations. Whether this buying pressure carries into next week or fades as a temporary end-of-month adjustment will be a key indicator of market direction moving forward. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys kicked off the weekend by diving into Wall Street's numbers for the past week. The Dow fell 1,118 points (2.5%), the S&P 500 slid 102 points (1.7%), and the NASDAQ dropped 503 points (2.5%), even though year-to-date gains remain modestly positive—with the Dow at 2.1%, the S&P 500 at 2.2%, and the NASDAQ at 1.1%. The market also experienced a notable "Friday attack," with more sellers than buyers pushing the S&P 500 right to its 50-day moving average, a level that has framed a trading range since early December between roughly 5,775 and 6,100 points. The conversation then shifted to the cacophony of mixed signals driving market volatility. Amid escalating political noise and heated debates—ranging from conflicting messages on Federal Reserve policy to the media's relentless focus on tariffs and negative news—the team noted how such sentiment can amplify market jitters. Issues like United Healthcare's billing challenges, which affect nearly 10% of the Dow, only added to the uncertainty. The overarching takeaway? With a tug-of-war of opinions and a media environment steeped in negativity, investors should brace for continued volatility and keep a cool head in the face of fluctuating market signals. A Cacophony of Mixed Signals Amid the ongoing market gyrations, investors are bombarded with a cacophony of mixed signals that intensify volatility. One moment, promising year-to-date numbers and hints of potential Fed rate cuts suggest a stable outlook; the next, media narratives filled with political discord, tariff warnings, and healthcare stock debacles send shockwaves through the market. This constant barrage of conflicting information makes it increasingly challenging for investors to discern reliable indicators, fueling rapid shifts in sentiment and creating an environment where even minor news can trigger outsized reactions. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise Guys kick off this week's podcast with a market recap, highlighting a strong performance across major indexes. The Dow rose 243 points (0.5%), the S&P 500 gained 89 points (1.5%), and the NASDAQ jumped 503 points (2.6%), with all three maintaining solid year-to-date gains. The discussion touches on technicals, noting that the S&P 500 has been stuck in a sideways trading range since late January. Key market drivers remain interest rate expectations and ongoing tariff negotiations. While initial tariff announcements caused sharp reactions, market sensitivity has eased as investors adjust to the administration's strategy of using tariffs as leverage in trade deals. Meanwhile, the Federal Reserve reiterated its data-driven approach to monetary policy, though speculation continues about whether persistent inflation could slow down expected rate cuts. Beyond market movements, the guys focus on tariffs and their broader economic impact. The administration's latest round of reciprocal tariffs, particularly on the Eurozone and India, reignited debates about their inflationary effects. While some argue tariffs drive up prices, the guys pointed out that competition and supply chain adjustments help mitigate long-term inflation risks. With the administration pushing aggressive policy changes in its first 100 days, heightened volatility is expected throughout 2025. The key takeaway? Investors should stay informed, remain flexible, and prepare for continued market fluctuations as new economic policies take shape. Tariff Tantrums  Tariff tantrums—sharp market reactions to new trade policies—have become a recurring theme, though their impact appears to be fading. Initially, every new tariff announcement triggered volatility, but investors seem to be adjusting to the administration's aggressive trade stance. While tariffs can raise costs on imported goods and contribute to inflation, the market is learning to anticipate these moves rather than panic. The back-and-forth nature of tariff negotiations, where policies are announced, adjusted, or delayed, has created uncertainty, but also opportunities for traders who navigate the swings. As businesses adapt supply chains and the administration continues its tit-for-tat approach, the market's sensitivity to tariff news may keep diminishing—unless a major escalation reignites the tantrums. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys are back at it again, and this past week showed a mixed market, with the Dow slipping 241 points (-0.5%), the S&P 500 declining 14.5 points (-0.2%), and the NASDAQ dropping 104 points (-0.5%). Despite the losses, year-to-date gains remain solid, with the Dow up 4.1%, the S&P 500 up 2.5%, and the NASDAQ up 1.1%. The discussion highlights continued market volatility, particularly Friday's selloff following a stronger-than-expected average hourly earnings report, which reignited concerns over inflation. While the unemployment rate ticked down to 4%, and job growth was slightly below expectations, the markets reacted negatively, underscoring the ongoing “perversion” where good economic news can trigger selling pressure due to fears of Federal Reserve policy adjustments. The guys also welcomed new associate advisor Louie to the show, discussing his background and fresh perspective as part of the next generation of investment management. Shifting focus back to market narratives, they emphasize the impact of media-driven sentiment, particularly the attention given to inflation concerns and commodity prices, like the rising cost of eggs and brisket. The guys also reiterate expectations for heightened market volatility in 2025 and go into a discussion on the broader economic impact of tariffs and government policies. Tune in to hear more about the week's market moves, inflation's influence on trading behavior, and how investors can navigate the uncertainty ahead. The Broader Economic Impact of Tariffs Tariffs, when used strategically, can be a powerful tool to protect domestic industries, encourage American manufacturing, and even generate government revenue. By making imported goods more expensive, they level the playing field for U.S. businesses, incentivizing consumers to buy American-made products and keeping jobs at home. Plus, in a global economy where other countries play by their own rules, tariffs can be a way to push back against unfair trade practices. However, it's essential to recognize that excessive or poorly targeted tariffs can lead to unintended consequences. For instance, they can increase costs for consumers and businesses that rely on imported materials, potentially leading to higher prices and reduced economic growth. Therefore, while tariffs can be beneficial in certain contexts, they must be implemented with caution to avoid escalating trade tensions and harming the very economy they aim to protect. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys are back in the studio and as always, the team kicks off this week's episode by breaking down a volatile market week, with the Dow gaining 120 points (+0.3%) while the S&P 500 fell 61 points (-1%) and the NASDAQ dropped 327 points (-1.6%). Despite the week's losses, all three indices remain positive year-to-date, with the Dow up 4.7%, the S&P 500 up 2.7%, and the NASDAQ up 1.6%. The guys discuss the increased volatility of 2025, which they expect to be higher than in 2024, and the impact of algorithm-driven trading on market swings. Monday's sharp selloff in tech stocks was fueled by an unverified report from DeepSeek, a Chinese AI research lab, claiming that an open AI model could be built for just $6 million. This triggered a major downturn in the NASDAQ, as markets reacted to fears of AI advancements disrupting big tech profitability. However, further analysis revealed the report to be misleading, leading to a recovery the next day. The conversation highlights the importance of active management in navigating knee-jerk market reactions, as well as the team's strategic decision to reduce exposure to mega-cap tech stocks at the start of the year. While not anticipating a specific event like this, the guys recognize the risks of overconcentration in a few dominant names and positioned their portfolios accordingly. They also touch on Microsoft's discovery of stolen AI data from China, raising further concerns about AI security and market manipulation. They emphasize the need for investors to stay disciplined, avoid emotional reactions, and focus on long-term strategies in a market increasingly influenced by algorithmic trading and unvetted news.  Algorithmic Trading Algorithmic trading, also known as algo trading, refers to the use of computer programs and complex mathematical models to execute trades at high speeds based on predefined criteria. These algorithms analyze vast amounts of market data, news feeds, and technical indicators to make split-second decisions, often executing trades in fractions of a second. While algorithmic trading increases market efficiency and liquidity, it can also amplify volatility, as seen in cases where automated systems react to unverified news or sudden price movements. This can lead to exaggerated selloffs or rallies, as algorithms trigger a chain reaction of trades based on momentum rather than fundamental analysis. For investors, understanding the impact of algo trading is crucial, as it underscores the importance of active management, diversification, and maintaining a disciplined approach during rapid market fluctuations. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys are back with another look at last week's numbers from Wall Street, with the Dow Jones rising 936 points (+2.2%), the S&P 500 gaining 105 points (+1.7%), and the NASDAQ climbing 324 points (+1.7%). Year-to-date, the markets are showing steady gains, with the Dow up 4.4%, the S&P 500 up 3.7%, and the NASDAQ up 3.3%. The conversation highlights a notable shift in market dynamics, as investors moved away from the "Magnificent 7" tech stocks that drove much of the market in 2023 and 2024. This reallocation has broadened market participation, leading to stronger performance from other sectors such as healthcare, industrials, and financials. The guys discuss their 2025 portfolio adjustments, reducing exposure to large-cap tech stocks and introducing 13 new holdings across diverse sectors to embrace a more equally weighted and diversified approach. They highlight the benefits of broader market participation, noting that while tech giants like Apple remain strong, their high valuations make them vulnerable to volatility. The episode also emphasizes the advantages of equally weighted strategies, which have outperformed traditional market-cap-weighted indices this year, and stresses the importance of understanding portfolio composition. Overall, they view this shift toward diversification as a positive trend for the market and investors in 2025. Equally Weighted Strategies vs. Market-Cap-Weighted Indices Equally weighted strategies and market-cap-weighted indices differ in how they allocate investments. Market-cap-weighted indices, like the traditional S&P 500, give more weight to larger companies, meaning a few mega-cap stocks can heavily influence market performance. In contrast, equally weighted strategies assign the same weight to each stock, promoting broader market participation. This distinction is important because equally weighted strategies can provide a more balanced exposure, helping to reduce investors reliance on a small number of dominant companies. In times of profit-taking or volatility among large-cap stocks, equally weighted strategies may outperform, offering diversification and potentially more stable returns. In the second hour, the Money Wise guys dig into What Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

This week, the Money Wise guys discuss a strong market rebound, with the Dow rising 1,150 points (+3.7%), the S&P 500 gaining 170 points (+2.9%), and the NASDAQ climbing 469 points (+2.4%). With all three major indices turning positive for the year, the team attributes the rally to lower Treasury yields and favorable CPI and PPI reports. Early earnings reports, particularly from banks, were solid, but the real test lies ahead as the rest of the S&P 500, including major tech companies, releases results later in the month. A key theme of the episode is the shift away from mega-cap tech dominance, as the equally weighted S&P 500 has begun outperforming its market-cap-weighted counterpart. The guys discuss their recent portfolio rebalance, reducing exposure to overvalued tech stocks and adding an equally weighted ETF (RSP) to increase diversification and reduce risk. They also revisit the market "perversion," where good economic news can lead to negative market reactions due to shifting Fed expectations. This unpredictability reinforces the importance of active management in navigating 2025's evolving market landscape. A Portfolio Rebalance Portfolio rebalancing is a crucial strategy for managing risk and optimizing returns, especially in changing market conditions. The Money Wise guys recent rebalance at the start of 2025 involved reducing exposure to high-performing mega-cap tech stocks, which had dominated the market in 2023 and 2024, and reallocating funds into an equally weighted ETF (RSP) along with other diversified holdings across sectors like healthcare, industrials, and financials. This approach helps prevent overconcentration in a handful of stocks, reducing volatility and ensuring portfolios remain aligned with long-term investment goals. By regularly rebalancing, investors can lock in gains from overperforming assets, take advantage of undervalued opportunities, and maintain a well-diversified portfolio that can better withstand market shifts and economic uncertainties. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys are back with a brand new episode this week. As always, they begin with a break down of Wall Street's performance this past week, with the Dow Jones dropping 1.86%, the S&P 500 declining 1.94%, and the NASDAQ falling 2.34% for the week. Year-to-date, all three indices remain slightly negative, with the Dow down 1.42%, the S&P 500 down 0.91%, and the NASDAQ down 0.77%. The conversation highlights Friday's surprisingly strong jobs report, which revealed 256,000 new jobs created in December—far exceeding expectations of 155,000. The unemployment rate ticked down to 4.1%, and broader measures of underemployment improved as well. However, average hourly earnings rose only 0.3%, slightly below expectations, providing a mixed signal for inflation. The guys also explore how strong employment data, which should traditionally boost markets, instead triggered a "perversion" of market behavior, as concerns over Federal Reserve policy fueled a sell-off. Thet discuss how robust jobs numbers cast doubt on a potential recession while raising questions about future rate cuts or even increases. Despite the market's reaction, the Money Wise guys emphasize the overall strength of the economy and how these numbers challenge the narrative of a looming downturn. Tune in for insights on the jobs report, market performance, and what this means for 2025. A Surprisngly Strong Jobs Report The latest jobs report revealed a surprisingly strong working market. Broader measures of underemployment also improved, signaling a robust labor market. Interestingly, average hourly earnings rose just 0.3%, falling short of the anticipated 0.4% increase, which eased some concerns about wage-driven inflation. A report like this is crucial for the markets because it reflects the overall health of the economy and influences Federal Reserve policy decisions. Strong job growth and low unemployment suggest a resilient economy but may prompt the Fed to reconsider its approach to interest rate cuts, leading to increased market volatility. In the second hour, the Money Wise guys share the Best Investment Advice Ever. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

As 2024 comes to a close, the Money Wise guys take a closer look at the year's final numbers and a challenging December for the markets. The Dow Jones fell 260 points (-0.6%), the S&P 500 dropped 28 points (-0.5%), and the NASDAQ declined 100 points (-0.5%) for the week. Despite the weak December performance—attributed to Federal Reserve actions dampening the anticipated "Santa Claus rally"—2024 was an outstanding year for investors, with the Dow gaining 14.99%, the S&P 500 rising 25.02%, and the NASDAQ climbing 29.57% (including dividends). The discussion focuses on the impact of Federal Reserve Chair Jay Powell's policies, particularly the increase in bond yields, which saw the 10-year Treasury rise from 3.87% to 4.58% over the year. The guys highlight the uneven performance within the bond market, where shorter-duration bonds outperformed their longer-duration counterparts. Target-date funds and longer-maturity bonds faced a tough fourth quarter due to rising interest rates but still managed solid annual returns. While the Fed's December actions tempered the year-end rally, the guys emphasize the strong returns for diversified portfolios in 2024 and tease predictions for 2025 in an upcoming episode.  The Impact of Rising Bond Yields Rising bond yields in 2024 had a significant impact on the financial markets, with the 10-year Treasury yield increasing by 71 basis points, from 3.87% to 4.58%. This shift, driven by the Federal Reserve's monetary policy and persistent inflation concerns, created challenges for certain segments of the bond market. Short-term and intermediate-term bonds performed relatively well, but longer-duration bonds and funds, such as target-date portfolios, experienced negative returns in the fourth quarter due to their sensitivity to rising rates. Overall, the bond market delivered modest annual returns, with the Bloomberg Aggregate Index gaining just 1.25%, underscoring the importance of managing duration in a rising yield environment. In the second hour, the Money Wise guys discuss Equity Inxex Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode, the Wise Money guys review a turbulent week on Wall Street, with the Dow Jones falling 988 points (-2.3%), the S&P 500 declining 120 points (-2%), and the NASDAQ dropping 354 points (-1.8%). Despite the weekly losses, year-to-date gains remain strong, with the Dow up 13.7%, the S&P 500 up 24.3%, and the NASDAQ up 30.4%. The team reflects on the market's reaction to the Federal Reserve's latest meeting, drawing comparisons to 2018's December volatility. With the Fed signaling fewer rate cuts than anticipated for 2025, the markets responded with a knee-jerk decline, raising questions about clarity and consistency in messaging. The discussion highlights the challenges of interpreting Fed communications, as markets grapple with the transition back to "data dependency" and uncertainty surrounding future policy decisions. The guys explore the S&P 500's dip below its 50-day moving average midweek and its recovery to that level by Friday, analyzing whether this correction presents a buying opportunity. They also dive into the implications of inflation's persistence and the broader economic outlook as investors prepare for 2024. Predicted Volatility The predicted volatility in the markets stems from uncertainty surrounding Federal Reserve policy, particularly the pace and extent of interest rate cuts in 2025. The Fed's recent shift back to a "data-dependent" approach and mixed messaging have created confusion among investors, leading to sharp market reactions. This uncertainty is further compounded by inflation's persistence, despite rate hikes, and broader economic concerns like wage growth, housing affordability, and geopolitical factors. As the market adjusts to these evolving dynamics, investors should brace for more fluctuations in the months ahead. In the second hour, the Money Wise guys divulge what Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode, the Money Wise guys dive into Wall Street's recent performance, highlighting the Dow's 1.8% drop, the S&P 500's modest 0.6% decline, and the NASDAQ's 0.3% gain. Year-to-date, the Dow remains up 16.3%, the S&P 500 has climbed 26.9%, and the NASDAQ continues to lead with a 32.7% increase. The discussion shifts to the recent seven-day losing streak for the Dow—something not seen since 2020—and explores how technical indicators show markets moving sideways since early December. Historically, the second full week of December has shown similar flat or negative trends, even during a strong secular bull market. The guys also delve into inflation, dissecting the latest Consumer Price Index (CPI) and Producer Price Index (PPI) reports. While inflation remains relatively sticky, with both measures ticking slightly higher, they explore key factors such as rising wages, which continue to outpace inflation-adjusted earnings for many workers. Housing inflation remains a significant contributor, with mortgage rates hovering above 6.5%, and the guys explain why rates need to dip closer to 6% to see substantial relief in the real estate market. Looking ahead, the group anticipates the Federal Reserve's next move and examines the potential tone for 2025. While markets initially expected aggressive rate cuts next year, expectations have tempered, signaling caution and limited reductions as the Fed remains data-dependent. To close, the conversation touches on broader economic and political dynamics, including the potential for a “Santa Claus rally” post-Christmas and the implications of upcoming policies as the nation approaches a new president. The 'Santa Claus Rally' The Santa Claus Rally refers to the tendency for the stock market to experience a rise during the final trading days of December and the first few days of January. This seasonal phenomenon is often attributed to a combination of factors, including year-end tax strategies, holiday optimism, increased retail investor activity, and institutional investors closing their books for the year. While not guaranteed, the rally has historically been seen as a positive signal for market sentiment heading into the new year, providing investors with a boost of confidence during the holiday season. In the second hour, the Money Wise guys explore RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode, the Money Wise guys reflect on Wall Street's recent performance, highlighting the Dow's 0.6% drop last week, alongside gains of 1% in the S&P 500 and 3.3% in the NASDAQ. Year-to-date, the Dow is up 18.4%, the S&P 500 is up 27.7%, and the NASDAQ has climbed 32.3%. They discuss November's strong numbers, with the Dow rising 7.5%, the S&P gaining nearly 5.75%, and the NASDAQ up over 6%, driven by what they call the “Trump bump.” As they analyze the ongoing bull market that began in October 2022, the discussion shifts to expectations for a potential "Santa Claus rally" to close the year. The conversation also explores market reactions to Trump's policies, including tariffs and economic strategies, alongside the bond market's response to shifts in interest rates. The team debates the implications of Trump's negotiating tactics, which they believe are driving geopolitical and economic adjustments before his inauguration. The Trump Bump The "Trump bump" refers to the stock market rally often attributed to the economic optimism and pro-business policies associated with Donald Trump, particularly during and after his election victories. This phenomenon is driven by expectations of corporate tax cuts, deregulation, and infrastructure spending, which investors believe will boost earnings and economic growth. The term captures the market's initial surge following Trump's election in 2016 and, more recently, renewed gains linked to his anticipated policy actions in a second term. It reflects market sentiment responding to his influence on fiscal and trade policies, often seen as favorable to business and investment. In the second hour, the Money Wise guys share The Best Investment Advice Ever. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Nvidia Joins the Dow, Market Fuel & Equity Index Annuities In this week's episode, the Money Wise guys discuss Nvidia's addition to the Dow, what will continue to fuel the current bull market, and last week's numbers from Wall Street. The Dow was up 2.0%, the S&P 500 was up 1.7%, and the NASDAQ was up 1.7%. YTD the Dow is up 17.5%, the S&P 500 is up 25.1%, and the NASDAQ is up 26.6%. The guys begin the show by discussing Nvidia's (NVDA)  recent addition to the Dow and how it is likely to help keep the Dow more in line with the other major indexes. Nvidia earnings also came out last week, and the Money Wise guys discuss what happens if the company can't fulfill demand in the way the market expects. They dig further into Nvidia's performance in recent years, discussing how you'd likely have to go back to the dot-com era to find another company that has gone this far this fast - and after being completely unloved by Wall Street before the AI boom, too. The guys also discuss trends in market breadth and what will continue to fuel the bull market. Nvidia Joins the Dow - Why It Matters In this episode, the Money Wise guys spend time discussing how the Dow has differed historically from the other major indexes. They discuss the differences in an index being price-weighted, like the Dow, and market-cap weighted, like the S&P. They also share why the addition of Nvidia should make the Dow more competitive with the other major indexes. For more on Nvidia replacing Intel in the Dow, check out resources here and here. In the second hour, the Money Wise guys pull back the curtain to share What Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Coming Off the Trump Bump Sugar-High, Fed Chatter & A Market Pullback In this week's episode, the Money Wise guys discuss a market pullback as we come down from the “Trump Bump”, what the Fed is saying about interest rates, and the animal spirits of capitalism. First, let's look at last week's numbers from Wall Street, which saw the Dow down 1.2%, the S&P 500 down 2.1%, and the NASDAQ down 3.1%. YTD we're still in the black, with the Dow up 15.3%, the S&P up 23.1%, and the NASDAQ up 24.4%. Was it an attack of the Fed last week? The Money Wise guys discuss how remarks from a current and former Fed Governor impacted the markets last week, as well as why it's not surprising to have a market pullback as investors come down from the post-election sugar high. They also discuss the wisdom of using a market pullback as a buying opportunity, even at high valuations. We saw some market-friendly numbers released last week with regard to inflation, and the Money Wise guys also discuss what we might expect in 2025, though much is still speculation.  What is a Market Pullback? Let's review the basics of a market pullback since we experienced one last week. A market pullback refers to a brief decline or pause in a generally upward market trend. Investors who are confident the pullback will be brief may use it as a buying opportunity, as the Money Wise guys discuss in this episode. To learn more about what a market pullback means, check out this resource.  In the second hour, the Money Wise guys pull back the curtain to share What Wall Street Won't Tell You. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Rare Conviction Buying, Spiking Indices, and Historic Gains Post-Election In this week's episode, the Money Wise guys discuss how the markets reacted to the presidential election, including conviction buys, historic spikes, and a level of volume rarelyt seen. First, let's review the numbers from Wall Street. Last week, the Dow was up 4.6%, the S&P 500 was up 4.7%, and the NASDAQ was up 5.7%. YTD the Dow is up 16.7%, the S&P is up 25.7%, and the NASDAQ is up 28.5%. The Money Wise guys are feeling giddy this week, and and the market seems to feel the same. All three major indices are at all-time highs, and it was the best week for the Dow and S&P in four years. In fact, the day after the election gave us the biggest gains the Dow has seen post-election since 1896 and largest post-election gains for the S&P and the NASDAQ in history. The guys parse through the numbers, discuss the opportunity cost faced by those who chose to sit on the sidelines before the election, and what we saw as far as conviction buying and short covering. For more on what the markets usually look like post-election, check out this resource from The Street. Conviction Buying: A Rare Occurrence Since the Money Wise guys mention conviction buying in this episode, let's dig into what this phenomenon is. Conviction buying is when an investor - in this case many - feels absolutely convinced that they have properly analyzed what a stock or stock index will do, as well as being absolutely convinced that they will make an outstanding gain. In this case, conviction buying refers to all those investors who were hedging their bets prior to the election and have now decided to buy in. In the second hour, the Money Wise guys share important differences in an RIA vs. Broker discussion. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Numbers Don't Lie on Rising Consumer Costs & Political Talk Ahead of the Election In this week's episode of Money Wise, the Money Wise guys discuss economic statistics, rising consumer costs, and why so many investors aren't ready to deploy capital until after the election. First, let's begin with a look at last week's numbers from Wall Street. The Dow was down 0.1%, the S&P 500 was down 1.4%, and the NASDAQ was down 1.5%. YTD all three indices remain in the black, with the Dow up 11.6%, the S&P 500 up 20.1%, and the NASDAQ up 21.5%. October showed a fairly flat month across the board, which may have to do with so many investors waiting to see how the elections will pan out before deploying additional capital. The guys also discuss the recent Microsoft hit, why we saw significant selling last week, and where the sales volume falls in relation to the daily moving average. Last week was also chock-full of economic stats, including the PCE Index. The Money Wise guys discuss the impacts of inflation and how so much in the consumers' “basket of goods” has gotten more expensive. Rising Consumer Costs: By The Numbers The Money Wise guys mention the PCE Price Index in this episode in relation to rising consumer costs. This index measures inflation by tracking the cost of living for households, and it is the Federal Reserve's preferred measure of prices in the U.S. The Money Wise guys discuss why rising consumer costs may be the reason we are seeing higher than normal early voting, as more voters cast their ballots with their pocketbooks in mind. For more on the PCE Index and rising consumer costs, check out this resource.  In the second hour, the Money Wise guys share important warnings about Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

A Market Cha-Cha Pattern, S&P 500 Technical Charts, and Investment Advice The Money Wise guys are back in the studio for another engaging episode of real-talk about the markets, including the S&P 500 technical chart. Last week was a mixed bag, as the Dow was down 2.7%, the S&P 500 was down 1.0%, and the NASDAQ was up 0.2%. YTD the Dow remains up 11.7%, the S&P remains up 21.8%, and the NASDAQ remains up a whopping 23.4%. It's still earnings season, with several Magnificent 7 names coming out next week. Looking at the S&P 500 technical chart, we appear to be dancing a market cha cha, with a pattern of two steps forward and three steps back, and a volume consistently below the daily moving average. The Money Wise guys explain that it's likely due to the impending presidential election, with many circling the field and waiting to see what happens. More About the S&P 500 Technical Chart We've focused much on investor education in the past few episodes, and this is no exception. Let's dig into what the S&P 500 technical chart is, and what it means for market analysis. The S&P 500 is a highly influential measure of overall market health. The technical chart is a real-time gauge for a selected timeframe, and it's based on the most popular technical indicators, such as moving averages, oscillators, and pivots. For more on the S&P 500 technical chart, check out this resource.  In the second hour, the Money Wise guys share The Best Investment Advice Ever. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Market Seasonality, Political Gridlock, and 10 Myths of Retirement Planning The Money Wise Guys are back with another look at last week's numbers from Wall Street, along with a discussion about market seasonality and the interplay between politics and investing. Last week, the Dow was up 1.0%, the S&P 500 was up 0.9%, and the NASDAQ was up 0.8%. YTD the Dow is up 14.8%, the S&P is up 23.0%, and the NASDAQ is up 23.2% - though it still hasn't reached its all-time high from July. In this episode, the Money Wise guys discuss the potential consequences of one of the most important presidential elections of our lives, as well as why they don't recommend making investment decisions based on politics. Some investors are feeling reluctant to make decisions until the election is over, but it's a mistake to sit on your hands because the most important thing is to keep participating in the market. The guys also discuss why the markets like congressional gridlock and why we shouldn't fear an end to capitalism as we know it - no matter who wins the White House. The Money Wise guys also continue to discuss market seasonality and why the second half of October could prove volatile. Understanding Market Seasonality in October We all know the market fluctuates, and there are some periods of time each year when those fluctuations become more pronounced. The Money Wise guys mention market seasonality in October in this episode because, while the month often provides a rally after a tough August and September, this year might be different. Market seasonality in October may deviate from historic trends this year. You can read more about what to expect from market seasonality in October in this illuminating MarketWatch article. Check out this resource for more on seasonality trends. In the second hour, the Money Wise guys share the 10 Myths of Retirement Planning. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Market Breadth, Yield Curves & A Slow Start to October The Money Wise guys are back with a new episode this week, starting with a review of last week's numbers from Wall Street. The Dow was up 1.2%, the S&P 500 was up 1.1%, and the NASDAQ was up 1.1%. YTD the Dow is up 13.7%, the S&P is up 21.9%, and the NASDAQ is up 22.2%. Though it was the Dow that had the biggest Q3, we're seeing the NASDAQ pull away these last few weeks. The Magnificent 7 wasn't getting quite as much love in Q3, and the Money Wise guys are pleased to see market performance starting to broaden out. They share an eye-opening stat on market breadth: more than 400 stocks in the S&P 500 boast prices above their 200-day moving averages. October had a negative start, possibly because of the yield curve in late Q2 in anticipation of Fed rate cuts, and the guys discuss what that means. What Is a Yield Curve? Since we don't like to use jargon without fully explaining, let's dig into some yield curve basics. A yield curve is a line that plots the yields or interest rates of bonds that have equal credit quality but different maturity dates. The slope of a yield curve predicts the direction of interest rates and the economic expansion or contraction that could result. Check out a few yield curve scenarios - and what they could mean - here.  In the second hour, the Money Wise guys share a helpful ‘Are You Ready for Retirement?' quiz. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Market Valuations Deep Dive, Extrapolating the Stats, and Prudence in September This week's show kicks off with a rapid-fire review of last week's numbers from Wall Street so let's jump right in. The Dow was up 0.6%, the S&P 500 was up 0.6%, and the NASDAQ - which has outperformed both the Dow and the S&P this quarter - was up 1.0%. YTD we see the Dow up 12.3%, the S&P 500 up 20.3%, and the NASDAQ up 20.7%. It's been a September to remember, since this time of year doesn't typically give us a positive month, especially for the Dow. The Money Wise guys admit their surprise and discuss which Fed moves may be helping the markets. Will this rally last in the long term? We simply don't know yet. However, we seem to be at very high valuations these days, and the Money Wise guys practiced prudence in the month of September. We're at High Market Valuations, Folks (Or Are We?) Let's discuss the market valuations aspect of what we've been seeing. We've been running above the 5- and 10-year averages from a historic perspective, and being overvalued can make many investors nervous. However, let's dig into current market valuations a bit deeper. Extrapolating the statistics and removing the Magnificent 7 from the market-cap weighted S&P 500, we see that the market is nowhere near overvalued. In fact, market valuations are below the 5- and 10-year averages. So, we continue to see how the Magnificent 7 is skewing the market valuations of the S&P when you look at valuation in totality. In the second hour today, the Money Wise guys discuss 401(k) rollovers. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

To kick off this week's episode, the Money Wise guys report strong market performance for the past week, with the Dow Jones Industrial Average up 670 points (1.6%), the S&P 500 up 77 points (1.4%), and the NASDAQ rising by 264 points (1.5%). Year-to-date, both the S&P 500 and NASDAQ are up 19.6%, with the Dow up 11.6%. They discuss how, with only six trading days left in the third quarter, the Dow has outperformed the NASDAQ, signaling a shift away from tech stocks toward broader market participation. The Money Wise guys also focus on the Federal Reserve's unexpected decision to cut interest rates by 0.5% instead of the anticipated 0.25%. They admit they were surprised by the larger cut, noting it felt like the Fed was correcting a missed opportunity from July. They express concerns about the optics of the Fed's move so close to the election, potentially undermining its bipartisan image. The Money Wise guys also speculate that no further rate cuts would likely occur until after the presidential election, despite strong market reactions following the rate cut. Additionally, they note similarities between the Fed's action and the European Central Bank's earlier rate cut of 0.5%, drawing parallels between the two institutions. The Dow Outperforms NASDAQ in Q3 This quarter, the Dow outperformed the NASDAQ, with the Dow up 7.5% compared to the NASDAQ's modest 1.2% gain. This shift in performance is significant because it signals a broader market rally, moving away from the tech-heavy focus that has dominated the NASDAQ in recent years. Investors appear to be rotating out of high-growth tech stocks and into more stable, blue-chip companies that make up the Dow, which suggests a healthier, more diversified market environment. This shift indicates that investors are seeking more balanced opportunities, reducing reliance on a few dominant tech companies, and positioning portfolios to benefit from a wider range of sectors. In the second hour today, the Money Wise guys discuss RIA vs. Broker. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

After a week off the Money Wise guys are back in the studio kicking things off with a recap of last week's numbers. The Dow Jones Industrial Average rose by 1,048 points (2.6%), the S&P 500 gained 218 points (4%), and the NASDAQ surged by 993 points (6%). Year-to-date, the Dow is up 9.8%, the S&P 500 is up 18%, and the NASDAQ is up 17.8%. The guys note that this strong rally came after a period of market correction, particularly in the NASDAQ. Despite September historically being a volatile month, this past week saw a significant rebound, with the NASDAQ posting its best week of the year. The Money Wise guys discuss recent economic data, such as the Consumer Price Index (CPI) and Producer Price Index (PPI), both of which came in line with expectations. They also highlight positive retail numbers and a dip in unemployment. Additionally, there was debate around the Federal Reserve's expected interest rate cut next week, with some market professionals suggesting a 0.5% cut instead of the anticipated 0.25%. The Money Wise guys generally agree that a 0.25% cut would be more prudent, given that inflation is cooling and the economy is still showing signs of strength. They also point out that the S&P 500 is nearing a crucial technical level and needs to break through and close above 5,670 to maintain its upward momentum. Federal Reserve's Upcoming Interet Rate Cut The Federal Reserve is expected to implement its first interest rate cut in a significant period, with speculation around whether the reduction will be 0.25% or a more aggressive 0.5%. Most analysts and market professionals are anticipating a 0.25% cut, as recent economic data, including positive retail numbers and cooling inflation, suggest the economy remains relatively stable. A 0.25% cut is seen as a cautious and measured approach, aimed at supporting continued growth without overstimulating the market. However, some market professionals have argued for a 0.5% cut, believing a larger reduction would more effectively boost economic activity. The Money Wise guys express concerns that a larger cut could signal too much concern about the economy and might trigger an adverse reaction from the market. In the second hour today, the Money Wise guys discuss 401(k) Rollovers. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys are back after a long weekend kicking off the show with a report of last week's market numbers. They report that the Dow Jones Industrial Average gained 388 points (0.9%), the S&P 500 rose by 14 points (0.2%), and the NASDAQ dropped 164 points (0.9%). Year-to-date, the Dow is up 10.3%, the S&P 500 is up 18.4%, and the NASDAQ is up 18%. The Money Wise guys discuss the strong performance of the Dow, which closed at an all-time high on Friday, compared to the NASDAQ's slower recovery, with the NASDAQ still over 5% away from its all-time high. They point out a divergence in performance, with the Dow outperforming the NASDAQ by 6% quarter-to-date, indicating a shift in investor interest away from the top-performing tech stocks that have dominated the NASDAQ. The Money Wise guys also review NVIDIA's recent earnings report, noting that despite solid revenue growth of over 100% year-over-year, the stock didn't generate much excitement in the market. They suggest that Wall Street's expectations for the company might be overly high and emphasize that NVIDIA's fundamentals remain strong. Additionally, they highlight the narrowing performance gap between the market cap-weighted S&P 500 and the equally weighted S&P 500 index, indicating a healthier, more balanced market. They also reiterate the importance of diversification, advising listeners to keep no more than 5% of their investable net worth in any single stock, including NVIDIA. Market Divergence This week the guys discuss the growing market divergence between the Dow and NASDAQ, noting the Dow's strong performance, including reaching an all-time high, while the NASDAQ has struggled to recover and remains over 5% below its peak. This widening gap suggests a shift in investor sentiment away from tech-heavy stocks, which have led the market in recent years, toward more traditional, blue-chip companies that dominate the Dow. For investors, this could signal a broader market rally and a healthier, more diversified investment environment. It highlights the importance of balancing portfolios, as relying heavily on tech stocks could expose investors to increased risk if the NASDAQ continues to underperform. In the second hour today, the Money Wise guys discuss the 5 Things Every Retirement Portfolio Should Have. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode of Money Wise, the show kicks off with a review of last week's numbers out of Wall Street. The Dow Jones Industrial Average rose by 515 points (1.3%), the S&P 500 gained 80 points (1.4%), and the NASDAQ climbed 246 points (1.4%). Year-to-date, the Dow is up 9.2%, the S&P 500 is up 18.1%, and the NASDAQ is up 19.1%. The Money Wise guys discuss the anticipated interest rate cuts by the Federal Reserve, with Chair Jerome Powell signaling a potential 0.25% reduction at the Jackson Hole symposium, which boosted market confidence. They noted that the market tends to rally when there is clarity, and Powell's dovish tone provided much-needed certainty. The Money Wise guys also talk about how falling interest rates could impact the housing market, with mortgage rates starting to come down. However, they emphasize that while the first rate cut might signal improvement, the real estate market likely won't see a surge in activity immediately due to seasonality and uncertainty surrounding the upcoming presidential election. They also highlight that, historically, fall and winter are slower periods for home sales, and many potential buyers and sellers may wait for further rate cuts before making decisions. The Money Wise guys then move on to a discussion of the Federal Reserve's success in potentially guiding the economy toward a "soft landing," although revisions in past employment data raised some doubts about the strength of the recovery. Falling Interest Rates and the Housing Market Falling interest rates can have a significant impact on the housing market by making borrowing more affordable for homebuyers. As mortgage rates decrease, monthly payments become lower, which can make homes more accessible to a broader range of buyers. This often leads to an increase in demand for homes and can stimulate the housing market. However, the effect might not be immediate, especially during slower seasons like fall and winter, when fewer people are looking to buy or sell. Additionally, uncertainty around factors like upcoming elections may cause some buyers and sellers to wait for more stability before entering the market. In the second hour today, the Money Wise guys share the key Retiree Spending Rules you should be following. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

As they kick off every week of Money Wise, the guys begin this week's episode with a recap of a strong week for the markets, with the Dow Jones Industrial Average gaining 1,162 points (2.9%), the S&P 500 rising by 210 points (3.9%), and the NASDAQ up 886 points (5.3%). Year-to-date, the Dow is up 7.9%, the S&P 500 is up 16.4%, and the NASDAQ is up 17.5%. The Money Wise guys discuss how the market has made a complete recovery from the downturn that started in early August, with market sentiment quickly shifting from fear of a hard landing to optimism about a soft landing for the economy. The volatility index (VIX), which measures fear in the market, had spiked dramatically but has since calmed down as economic data improved. The conversation continues on to highlight several key turning points, including better-than-expected initial jobless claims and positive inflation data, particularly with the Consumer Price Index (CPI) showing the lowest year-over-year inflation in three years. The hosts believe that this improvement in economic indicators, along with more favorable Producer Price Index (PPI) numbers, helps alleviate fears of a recession or hard landing. The Money Wise guys also discuss how the Federal Reserve is now expected to implement a more modest interest rate cut, possibly 0.25%, rather than the more drastic cuts previously speculated. Overall, they comment that the market's response to the improved data has been positive, driving the strong performance seen throughout the past week. The Volatility Index The Volatility Index, commonly referred to as the VIX, is a key measure of market sentiment that tracks expected market volatility over the next 30 days. Often called the "fear gauge," it rises when investors anticipate higher risk or uncertainty and falls when confidence in the market is stronger. Right now, the VIX is particularly pertinent because recent spikes reflected heightened fear of a potential economic downturn or market correction. However, as economic data has improved, such as better-than-expected jobless claims and easing inflation, the VIX has calmed down, signaling a more optimistic outlook among investors. This reduction in fear has contributed to the recent market rebound. In the second hour today, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode of Money Wise, we kick off with a recap of the market's performance, noting that the Dow Jones Industrial Average fell by 240 points (0.6%), the S&P 500 remained nearly flat with a slight decline of two points, and the NASDAQ was down 31 points (0.2%). Despite the relatively modest changes for the week, the Money Wise guys discuss the dramatic market movement on Monday, which saw the Dow drop as much as 1,200 points in a short period before partially recovering. This sharp decline, the worst since 2022, set the tone for the week and prompted a broader discussion on market seasonality and the long-overdue corrective move that the hosts had been anticipating. The conversation takes a critical turn when the Money Wise guys express frustration with the media's coverage of the market downturn, particularly conservative outlets like Fox News. They argue that the media incorrectly attributed the market's decline to political factors, specifically blaming President Biden and Vice President Harris, when in reality, the sell-off had nothing to do with politics. Instead, the Money Wise guys emphasize that the market's reaction was part of a natural corrective process, unrelated to any fundamental changes in the companies within the broader stock market. They stress the importance of educating investors about the real causes of market movements, rather than stirring up emotions with political rhetoric, and use this week to delve deeper into the actual reasons behind the market's behavior.  Market Seasonality Market seasonality refers to the predictable patterns and trends that occur at certain times of the year, often influenced by historical data, economic cycles, and investor behavior. Currently, market seasonality is at play as we enter a period typically characterized by increased volatility and potential corrections. Historically, the late summer months, particularly August and September, tend to be weaker for the stock market, as investors reassess their portfolios and respond to economic data and earnings reports. This seasonal effect is contributing to the recent market fluctuations and the anticipated corrective move that has been unfolding in recent weeks. Understanding these patterns can help investors navigate the market with greater awareness and preparedness. In the second hour today, the Money Wise guys share The Best Investment Advice Ever. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode of Money Wise, the Money Wise guys begin with a review of the latest market performance, noting that the Dow Jones Industrial Average fell by 852 points (2.1%), the S&P 500 dropped by 113 points (2.1%), and the NASDAQ decreased by 582 points (3.4%). Despite these declines, the year-to-date figures remain positive, with the Dow up 5.4%, the S&P 500 up 12.1%, and the NASDAQ up 11.8%. The guys reflect on their recent warnings about a potential market correction, which seemed to materialize last week, particularly with significant sell-offs on Thursday and Friday. The sentiment in the market had been positive mid-week following a Federal Reserve announcement, with optimism about a potential rate cut in September. However, by the end of the week, concerns about the Fed's clarity and economic health reversed this optimism, leading to the sharp declines. The discussion also focuses on the impact of recent earnings reports from major tech companies, highlighting the volatility these announcements can trigger. For instance, while Apple saw a slight increase after its earnings report, Microsoft and Intel experienced substantial declines, with Intel's stock dropping dramatically by 25-30% on Friday. The Money Wise guys debate whether this pullback signals a larger market downturn or simply a temporary pause, with one suggesting it is a "pause that refreshes," akin to a necessary rest while climbing a mountain. They also emphasize the importance of such corrections in maintaining a healthy bull market.  Earnings Reports and Market Volatility Earnings reports can significantly impact the stock market as they provide key insights into a company's financial health and future prospects. Released quarterly, these reports include crucial information such as revenues, profits, and earnings per share (EPS). When a company surpasses analysts' expectations, its stock price typically rises as investor confidence grows. Conversely, if the company falls short, its stock price may decline due to disappointment and uncertainty. Positive earnings can boost overall market sentiment, leading to increased buying activity across the market, while negative reports can have the opposite effect, contributing to market volatility. Additionally, forward guidance provided in these reports shapes investor expectations about the company's future performance, further influencing stock prices and market dynamics. In the second hour today, the Money Wise guys discuss the 10 Retirement Myths. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode of Money Wise, the show kicks off with a review of the latest market numbers, noting that the Dow Jones Industrial Average increased by 302 points (0.7%), while the S&P 500 decreased by 46 points (0.8%) and the NASDAQ dropped by 369 points (2.1%). Year-to-date, the Dow is up 7.7%, the S&P 500 is up 14.5%, and the NASDAQ is up 15.6%. The Money Wise guys discuss the market's volatility, particularly highlighting the NASDAQ's worst day since 2022, followed by a significant rebound on Friday. They also mention the strong performance of the Russell 2000, which rose by 3.5% for the week, indicating a rotation out of high-flying tech stocks into smaller-cap stocks. The conversation continues to cover several topics, including the reaction to Google's earnings report and the impact of ChatGPT's beta test of a search engine on market dynamics. The Money Wise guys emphasize the ongoing issue of market adjustments due to tech stocks being "priced for perfection" and how algorithmic trading responds to any negative news or guidance adjustments. They also express their frustration with the heavy reliance on computer trading over human judgment, particularly regarding how forward guidance is handled during earnings seasons.  The Impact of Tech Earnings and Algorithmic Trading In their discussion on the significant impact of tech earnings and algorithmic trading on market dynamics, the Money Wise guys highlight how Google's satisfactory earnings report still triggered a sell-off due to high market expectations and valuations. This reflects a broader trend where tech stocks, often "priced for perfection," face sharp declines if they fail to meet lofty expectations. The guys explained that algorithmic trading, driven by complex computer programs, reacts swiftly and significantly to news and earnings reports, often exacerbating market volatility. They expressed frustration with the dominance of computer-driven trading, which lacks the nuanced understanding of human traders and tends to punish conservative forward guidance from CEOs managing uncertainties. This discussion underscores the challenges tech companies face in maintaining market confidence and the influential role of algorithmic trading in market movements. In the second hour today, the Money Wise guys share their ‘Are You Ready for Retirement' quiz. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode of Money Wise, Jeff kicks off the episode by providing a detailed market performance summary. The Dow Jones Industrial Average rose by 287 points (0.7%), while the S&P 500 dropped by 110 points (2%) and the NASDAQ fell by 672 points (3.6%). Year-to-date, the Dow is up 6.9%, the S&P 500 has increased by 15.4%, and the NASDAQ is up 18.1%. The Money Wise guys discussed their cautious outlook due to recent significant run-ups, advising listeners to use a dollar-cost averaging strategy, particularly during historically weaker months like August and September. The market's downturn later in the week was attributed to negative comments from President Biden and former President Trump regarding trade with China and Taiwan. The conversation also highlights the dominance of a limited number of tech stocks driving much of the market's performance, such as NVIDIA, up 144.5% for the year, and other high performers like Netflix and Broadcom. The guys expressed skepticism about the sustainability of this narrow leadership, suggesting a broader market correction might be imminent. They noted early signs of market rotation, with money moving from large-cap tech stocks into small and mid-cap stocks, potentially broadening the market's performance base. This rotation could help sustain the bull market, provided it continues.  Market Seasonality  Market seasonality refers to the predictable patterns and trends that occur at specific times of the year in the stock market. These patterns are often influenced by historical data, economic cycles, and investor behaviors. For example, the months of August and September are historically weaker periods for market performance, often experiencing lower returns or increased volatility. Understanding market seasonality is important because it helps investors anticipate potential market fluctuations and adjust their strategies accordingly. By recognizing these seasonal trends, investors can make more informed decisions about when to enter or exit positions, manage risk, and optimize their portfolios for better long-term performance. In the second hour today, the Money Wise guys give their take on the RIA vs Broker debate. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys are back in the studio after a break and as always, they start with an an overview of Wall Street's performance. The Dow Jones Industrial Average saw an increase of 645 points, or 1.6%, while the S&P 500 was up by 48 points, or 0.9%. The NASDAQ also experienced a rise, gaining 46 points, or 0.2%. Year-to-date, the Dow Jones is up 6.1%, the S&P 500 has increased by 17.7%, and the NASDAQ has surged by 22.6%. During the week, significant market activity was observed, including intraday all-time highs for both the Dow Jones Industrial Average and the NASDAQ, although neither closed at those highs. The discussion pointed out the ongoing dominance of big-cap tech companies in driving market performance, with the NASDAQ up 22.6% by mid-July. The conversation also touched on Federal Reserve Chairman Powell's recent testimony and a lighter Consumer Price Index report, which initially boosted market sentiment. Interestingly, there was notable profit-taking in large-cap tech stocks, with the sale volume indicating computer program trading. This profit-taking benefitted smaller asset classes, like small caps and mid caps, leading to a significant day for diversified portfolios. One standout statistic was the performance differential on Thursday between the Russell 2000 (small cap index) and the NASDAQ, marking the largest such difference since 1986. However, there was no follow-through on Friday, with investments shifting back into large-cap leaders. The market cap-weighted S&P 500 outperformed its equally weighted counterpart, with the former up nearly 18% for the year compared to the latter's 7%. The Russell 2000, though improved, still lagged significantly behind, highlighting the ongoing performance gap.

The Money Wise guys are back in the studio and kicking off this week's episode with an update on the financial markets for the week, year-to-date, and the second quarter of 2024. For the past week, the Dow Jones Industrial Average was down about 0.2%, the S&P 500 was up 0.1%, and the NASDAQ led the pack, rising 0.7%. Looking at the year-to-date performance, the Dow Jones Industrial Average is up 3.7%, the S&P 500 has increased by 14.7%, and the NASDAQ is up 18.7%. For the second quarter of 2024, the Dow Jones saw a decline of 1.73%, while the S&P 500 grew by 3.92%, and the NASDAQ once again led with an impressive 8.26% increase. The guys highlight the significant contribution of tech and AI-related stocks to the S&P 500's performance, noting that NVIDIA alone accounted for more than 30% of the S&P 500's return year-to-date. They also emphasize the importance of a balanced portfolio and mention that despite NVIDIA's 150% rise and Microsoft's 19.97% increase, Apple has lagged with a 10.6% gain. The discussion moves on to the concentration of returns in a few key stocks, similar to the "magnificent seven" in 2023. This year, companies like Google, Amazon, Meta, NVIDIA, and Microsoft are driving returns, especially those involved in AI hardware. The Money Wise guys mention recent portfolio adjustments, including taking profits from AI hardware stocks like NVIDIA and Broadcom, and reallocating towards AI software companies such as Salesforce and ServiceNow, which have shown negative performance year-to-date, offering attractive valuations for long-term investments. As the market enters the second half of 2024, they question whether there will be a broader market participation beyond the few leading stocks, which have been trading below their moving averages.  AI's Impact on the Markets AI has significantly impacted the markets by driving substantial growth, particularly in the technology sector. Companies involved in AI development, such as NVIDIA, have seen remarkable stock price increases, contributing disproportionately to the overall market performance. This concentration of returns has made tech and AI stocks key drivers of major indexes like the S&P 500. As investors recognize the transformative potential of AI, both hardware and software companies in this space have attracted significant attention and investment, highlighting AI's critical role in shaping market trends and influencing investment strategies. In the second hour today, the Money Wise guys share 5 Things Every Portfolio Should Have. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this episode of Money Wise, the Money Wise guys discuss the market performance for the past week, highlighting a 250-point decline in the Dow Jones Industrial Average, offset by gains in the S&P 500, up 85 points, and the NASDAQ, up 556 points, driven largely by tech sector strength. They note the NASDAQ reached a new all-time high, fueled by outstanding earnings from tech giants like Nvidia and Broadcom. The episode also explores Apple's resurgence, boosted by innovative advancements and a new partnership with ChatGPT, despite Elon Musk's reservations. Overall, tech dominance and strategic investments characterize the current market landscape. Tech Sector Dominance During the episode, the dominance of the technology sector was prominently featured, with Nvidia standing out for its monumental post-split gains and strong earnings, driving the NASDAQ to all-time highs. Apple also regained momentum, rebounding from earlier declines with strategic innovations like its partnership with ChatGPT for AI integration in upcoming iPhone models, potentially revitalizing sales. These successes underscored tech's pivotal role in market performance, influencing investor sentiment and market dynamics amid broader economic uncertainties. The sector's resilience and innovation were highlighted as key factors shaping market optimism and investor behavior, reflecting ongoing confidence in tech's ability to drive growth and navigate sector rotations effectively. In the second hour today, the Money Wise guys share Retiree Spending Rules. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The Money Wise guys kick off this newest episode with an update on the stock market's performance, highlighting a modest upward trend for the week. The Dow Jones Industrial Average saw an increase of about 113 points or 0.3%, the S&P 500 rose by approximately 69 points or 1.3%, and the NASDAQ gained around 398 points or 2.4%. Despite these gains, year-to-date figures show more substantial growth, with the Dow up by 2.9%, the S&P by 12.1%, and the NASDAQ by 14.1%. The discussion then shifts to market dynamics observed during the week, particularly focusing on the employment report and various economic data releases. The absence of Federal Reserve commentary, due to their quiet period, left the markets relatively undisturbed, allowing for some gains. The Money Wise guys delve into the erratic behavior observed in different industrial sectors, noting rapid shifts in investment focus from one sector to another on a daily basis, a phenomenon they attribute to trading rather than long-term investment strategy. The episode also touches on the broader context of market participants, suggesting that while traders are actively shifting positions, serious long-term investors seem comfortable with their current allocations. This dynamic results in a market that appears to be waiting for a clearer direction, possibly influenced by future economic indicators or political events. The conversation concludes with a critical look at media coverage of market anomalies like GameStop, reflecting on the speculative nature of such coverage and its impact on investor behavior. Investor Sentiment and Market Participation A significant theme discussed was the current state of investor sentiment and market participation. The hosts observed that while the active traders are highly involved in these daily fluctuations, serious long-term investors are largely staying put with their existing allocations. This situation reflects a broader sentiment of waiting and watching, with many investors looking for more definitive signals—such as political resolutions or changes in monetary policy—before making substantial new commitments to the market. In the second hour today, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

As always, we kick off this week's episode with a review of the latest performance of major stock indices. The Dow Jones Industrial Average was down by 383 points or 1%, the S&P 500 slightly dipped by 27 points or about 0.5%, and the NASDAQ decreased by 186 points or 1.1%. Despite these weekly losses, the year-to-date figures remain positive, with the Dow up by 2.6%, the S&P 500 by 10.6%, and the NASDAQ by 11.5%. May concluded with notable gains for all indices compared to the losses in April, indicating a rebound with the NASDAQ leading the recovery. The Money Wise guys discuss the market's recent unpredictability, marked by rapid shifts without clear reasons, highlighted by the dramatic surge in buying on the last Friday of the month despite a generally downward trend. This surge occurred without significant news, leading to speculation about potential causes such as massive hedge fund rebalances or significant market entries from sidelined funds. The conversation also touched on the lack of impactful news from recent economic data releases, such as the Personal Consumption Expenditures (PCE) numbers, which aligned with expectations but did not significantly influence market movements until the last half-hour of trading on Friday. The guys speculate about the factors driving the sudden uptick in buying volume, which was the highest of the year, and considers the possibilities of what might be revealed the following Monday about these unusual market activities. Unknown Factors Influencing the Markets  The sudden surge in the market, occurring without significant news, has led to widespread speculation about the underlying causes. Such unexpected movements often point to less visible, yet impactful factors like massive hedge fund rebalances or significant market entries from funds that had previously been on the sidelines. Hedge funds, managing large pools of capital, can cause substantial market shifts when they decide to rebalance their portfolios, especially if many funds make similar moves simultaneously due to changes in market outlook or risk assessments. Additionally, when large sums of money that had been withheld from the market are suddenly injected, this can also lead to significant fluctuations. These injections could come from institutional investors or retail holders who decide that the market conditions have become favorable enough to warrant re-entry. This confluence of hidden activities, often not immediately apparent to the average investor, underscores the complexity and unpredictable nature of financial markets. In the second hour today, the Money Wise guys share The Best Investment Advice Ever. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

In this week's episode of Money Wise, Jeff reports mixed performances among the major stock indices. The Dow Jones Industrial Average experienced a significant drop of 934 points, or 2.3%, while the NASDAQ gained 235 points, or 1.4%, and the S&P 500 remained nearly flat. Despite these fluctuations, year-to-date figures show the Dow up by 3.7%, with the NASDAQ and S&P 500 achieving increases of 12.7% and 11.2%, respectively. The conversation delves into factors impacting the market, particularly focusing on major companies like Boeing and McDonald's, which contributed to the Dow's downturn due to specific operational and profit challenges. Additionally, despite excellent earnings from Nvidia that boosted the NASDAQ, the broader market exhibits signs of consolidation and uncertainty, reflected in trading volumes below the average and a general lack of conviction among investors.  Discussion also touched on the Federal Reserve's recent sentiments from meeting minutes, suggesting a cautious approach to interest rate cuts due to insufficient evidence of sustained inflation deceleration. This "higher for longer" interest rate scenario is causing investors to remain on the sidelines, content with safer returns from money market funds despite notable gains in sectors like technology. Looking ahead, the Money Wise guys emphasized the importance of upcoming economic reports, particularly the Personal Consumption Expenditures (PCE) index, and speculated on the potential for a strong year-end market performance if May closes with significant gains, citing historical trends that suggest a high probability of continued upward movement.  Fluctuations in the Market Market fluctuations are a common feature of the investing landscape, driven by myriad factors ranging from economic data and corporate earnings to geopolitical events and market sentiment. As an investor, It's important to remember that such volatility is part and parcel of the investment process and adopting a long-term perspective is key to navigating these ups and downs effectively. Reacting emotionally to short-term market movements can lead to rash decisions, potentially derailing well-thought-out investment strategies. Instead, try maintaining a focus on your long-term financial goals, adhering to a diversified investment plan, and adjusting your portfolios in alignment with systematic, thoughtful analysis rather than momentary fears or euphoria, as this usually yields better results. This approach helps both in weathering periodic market turbulence and capitalizing on the opportunities that volatility can offer. In the second hour today, the Money Wise guys discuss the 10 Myths of Retirement Planning. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.