i want to see what kind of reactions we get. there are 35% of the nasdaq 100 reporting this week. because about that gets going it gets going. i just did buy a little bit of tesla right after the earnings report.
i did more broad-based than anything because right before earnings i'm not a courageous person. what are you doing right now? have you done anything new this week? what is on the drawing board? > told you three weeks ago i started buying again. charles: i know you have become more aggressive than you have been since the peeks back in late 2021. there is still decent inflation out there but much better than it was a few months ago. i don't think anyone believes they are going to cut.ĭown. all right, so the street obviously, at least the people who have been active in this market believe that powell and company are going to pause. let's get your thoughts here what may happen this week. charles: the operative word nimble, be very name before. if you're in, god bless you, if you're making money. a little worried about the short squeezes. be careful around i always had the same line, don't be the last one in when they hit a wall eventually things will get better. remember in august you had bed, bath & beyond go from 4 to 30 even though the talk was they're going out of business! you have to watch yourself. i never want to see froth and speculation coming out of the gate when a market is trying to get out of a bear market. and for me it is a little bit of a worry. i'm watching carvana today, the talk is about possible bankruptcy soaring today. you have the low end consumer still hanging on surviving but next couple months will be aĪgain. talking about the folks spending, we're talking about high net worth individuals, ultrahigh net worth individuals, but middle class, cracks are starting to show. we talk about the consumer a lot and i think we need to do away with that blanket statement because they're really four different tranches of consumer. so those chickens are coming home to roost. if you're watching any sort of defaulting with auto loans, that is starting to spike. so when will the consumer be tapped out? > very soon, charles. and they're out there saying you know what, the american consumer hasn't missed a beat. you heard, last week we heard from the ceo of american express. we know interest rates at record levels, yet they're out there spending. it is intriguing because we saw the savings rate go up. kristen, we've been talking a lot on the show where the households are. call right now to receive your freeįounder, kristin bentz. they also know they can pay it back whenever it works for 'em. really? - yes! without a doubt! - just like these folks, aag can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash. it changed my life, it was the best thing i've ever done. a person like me needed to get a reverse mortgage. a reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments, paying off higher interest credit cards, and covering medical costs. if you are 62 or older and own your home, find out how you could access your home's equity to give you cash now and when you need it in the future. they all talked about the counseling they got so they knew how reverse mortgage worked and how it could be a real financial solution for their retirement. they love their home and they know their stuff. But they do have a couple of things in common.
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