In this episode, professional money manager Bill Gundersen discusses the recent spikes in market volatility and how investors can navigate these choppy waters. With insights from chartered financial analyst Barry Kite, they explore the shifts in market trends and the impact of political events on trading opportunities, particularly in the weeks flowing into the new administration. Discover how the surge in volatility can create both risks and unique chances for investors to capitalize on shorter-term trades. The discussion also delves into the booming sectors of quantum computing and AI, highlighting emerging leaders like Rigetti and potential opportunities in both
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, thestreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 06 :
And welcome to the Friday. It is the Friday, January 3rd, the live edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. And what in the name of the VIX is going on in the market these days? Over the last week, the VIX, which is the volatility index, has just been all over the map. The market was all over the map yesterday. We are off to a very strong start here this morning. With the Dow up 183, it’s at 42,575. The NASDAQ is up 230 right now. After a pretty weak day yesterday, Tesla kind of dragged on the NASDAQ a little bit, but it did finish in the positive. NASDAQ is at 19,487. The S&P 500 is up 47 right now to 5,915. Small caps are up about a half of a percent. The last time I looked at the 10-year, it was steady. The 10-year is steady at 4.55%. It’s actually down just a little bit. 4.55% is where the 10-year is. Crude oil has got a little bit of life under it. I don’t know how sustainable it is with the weakness in China. Crude is at 73.50%. That’s the highest we’ve seen it for a while. And last but not least, Bitcoin is up 513 to 97,016. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management, and I’m here with Barry Kite, our chartered financial analyst. And so far, Barry, the end of the year, the last few days, this entire week actually, including last Friday, is when things started to get really volatile. And all of a sudden, the volatility has kind of taken over the market, the VIX, the volatility index, the VXX. But in the meantime, it’s a good VIX. It’s a good kind of volatility today. It’s driving the market to the upside. I don’t really see any catalyst out there. It’s a steady uptrend.
SPEAKER 07 :
It’s kind of interesting looking at that chart. You’re always going to get these spikes, but you can draw a line underneath the end of December and you’ve got kind of an upward sloping trend to the VIX here.
SPEAKER 06 :
Yes, the VIX has definitely gotten wild. Well, you know what? I mean, look, you have tax selling, you have tax buying, you have all kinds of different factors coming into the market this time of year on light volume so that’s going to increase the volatility yesterday the dow was down 150 the dow is now in a secondary downtrend the primary Trend is still an uptrend, okay? And if you’re an investor, that’s the one that you’re most concerned with. And we’re looking for record earnings. I heard somebody come out with $282 per share this year, 2025. $270 around in there is the consensus. And that would be a record haul for earnings once again. And this all began back in 2009 when we were at $60 per share. And nothing explains this bull market since 2009 better than rising earnings every year since then, except for the COVID year and except for, you know, I think there was a couple of years where we were flat to just slightly down. The NASDAQ yesterday was down 235. Actually, it didn’t have a very good day, and then it’s gaining that back today. All right, so that’s why we call it volatility. That’s where the volatility is coming from when you’re down 250 one day and up 250 the next day. Overall, the charts of the Dow I sent out this morning and the NASDAQ and the S&P showing that they’ve clearly broken the trend line that they set. They went on a torrid run, including Election Day and the days thereafter. Now they’ve broken that trend line, and now we’re in a little secondary downtrend within a primary uptrend, meaning that that’s a very volatile kind of trend. And there’s some shorter-term trading opportunities in here for sure right now with the volatility in the market. Wall Street extended its losing streak to five days yesterday. Maybe we’ll end that here today. But we’ve had intraday volatility all week, too. Or yesterday. we were way up in the morning uh barry and uh i don’t know what happened uh you know i went outside got some fresh air came back in and i what the heck happened to the market i’m not going outside anymore that that’s not a good omen uh it was all over it was very very choppy yesterday and who knows you know today’s not over we got a lot of trading ahead of us we’ve got uh Six hours to try to hold on to these gains. We could see some volatility. Today’s a big day in the new administration wherein they vote for the Speaker of the House, Johnson, Mike Johnson, whether or not they’ll support him. Trump has endorsed him. Without that Speaker of the House elected, you can’t certify the election on January the 20th. So we could get some volatility coming from there. We’ve had some volatility coming from internal. Some terrorism is back. When’s the last time we had a terrorist attack? We’ve got to go way back. And all of a sudden that’s back into the mix with two. Whether they’re connected or not, I don’t know. It’s very strange. But the one in New Orleans was definitely terror-connected. Georgia Bulldog fans a little under the weather here today. Notre Dame handled them. I don’t like the playoff structure.
SPEAKER 07 :
It almost drags it out too much. I thought it was great when it got to four. I thought four teams is plenty. I thought they did that well. But when you keep going, I don’t even know. I can’t even tell you the four. I could tell you three out of the four teams maybe left.
SPEAKER 06 :
It’s watered down. At this point in time, we should be down to the two teams. I think after New Year’s Day and all the Rose Bowl and Orange Bowl and all that, we should be down to the two teams. I don’t like this still having four teams left. And these poor college football players, I mean, they’re not exactly getting paid the millions of dollars a year. It’s got to beat them up. Now, I know there’s a lot of money in it for the networks. And for the NCAA and for, I guess, the schools involved and for the gamblers and gambling. But I am not a fan at all of this current format that they have.
SPEAKER 07 :
Yeah, and I don’t think we get the champion until the 20th of January now. So I believe that’s when the final is going to be.
SPEAKER 06 :
For me, Oregon and I think Ohio State are probably the two best teams there. And, of course, Oregon is eliminated. Penn State snuck in and somebody else.
SPEAKER 07 :
Yeah, we’ve got Ohio State, Penn State, Texas, and Notre Dame. So those are the four. I mean, they’ve got some pedigree in there, certainly with the names, right? They ended up in a place I think that they’re probably happy with in terms of ratings and things of that nature. But it’s, I don’t know, it’s kind of a slow slog to get here, I think.
SPEAKER 06 :
Yeah. Well, choppy is the name of the game in the market right now. Definitely choppy. The oil stocks have started off on the right foot here. BP has eight straight sessions of gains. If I were to mention the charts right now, the best charts in the market, the best sector in the market right now was the worst sector last year. That’s the oil and gas sector. You’ve had a huge jump in natural gas prices. You’ve had a shutting down of the pipeline finally from Russia to Europe. And you’ve got a very cold winter with the end of next week looking like, you know, we’re 28 degrees I see here in the, In Charleston, so it’s going to get really, really cold. That’s driving natural gas prices higher.
SPEAKER 07 :
Yeah, that’s that forecast that drove them up 22% on Tuesday morning. And, you know, I was talking about this on that show is that I think, you know, in terms of, you know, quote-unquote Trump trade, to me, the one that’s the cleanest in terms of, you know, in terms of you can get to a – A positive move for the underlying stocks is really kind of natural gas, right? Yes. Liquefying natural gas.
SPEAKER 06 :
Well, there’s a moratorium right now on us exporting it, and they’ve just shut down the pipeline. That makes no sense whatsoever, so I’m sure Trump will get rid of the moratorium on us exporting our liquid natural gas, which we have just an almost unlimited supply of natural gas, and we convert the liquid and help Europe out. And make some bucks, make some money for America at the same time.
SPEAKER 07 :
Yeah, and Chenier just had a news story, I think, on Tuesday that they opened up a new facility.
SPEAKER 06 :
Yes, it cranked out its first batch of liquid natural gas coming to a bar near Houston. No, I’m just kidding. But anyways, LNG had a big day yesterday. The stock, Chenier Energy. and a next decade, and a few others. I don’t know how sustainable the energy thing is, though, with China, China’s weakness, especially for the oil and gas. I like the gas. Are you a diehard? And welcome back here to the second quarter of today’s Best Docs Now show. Well, the Surgeon General pushes for cancer warning labels for alcoholic drinks. Alcohol usage was cited by the U.S. Surgeon General as the third leading preventable cause of cancer. in the U.S. after tobacco, number one, obesity, number two, alcohol, number three. And, of course, tobacco we’ve known about for quite some time. The obesity, we do have help for that now with the weight loss drugs and the alcoholic drinks. I’m not a drinker myself, but obviously the Surgeon General says that alcohol contributes to 100,000 cancer cases and 20,000 cancer deaths every year. So will we see warnings? Not only the, you know, the foreign, the booze from outside of the U.S. going to be hit with tariffs. Now it could be that they’ll have warning labels on them. about cancer. Surgeon General’s warning. S&P 500’s returns on the first trading day of year. Poor barometer for annual performance. Okay. Well, you know what? I mean, I just don’t think that you can take any barometer and say, well, okay. I do think there is a barometer, though, that we had yesterday, and that was the VIX. I do think we’ll see a lot of volatility this year.
SPEAKER 07 :
Particularly in the first three months of the year. I mean, you’ve got a new administration coming in. You’re going to have lots of stories about who’s getting in the cabinet, who’s not going to make it with votes, right? What’s going on? First 100 days, what’s the real focus of it going to be? What’s it going to look like, right?
SPEAKER 01 :
Doge. Doge.
SPEAKER 07 :
Yeah, and there’s going to be pluses. I mean, you’re going to be making along the way, right, winners and losers in the market. And so it’ll be, I think we will have a little bump in the road.
SPEAKER 06 :
Yeah, absolutely. It’s going to be choppy. And I just think. I guess the word that came to me yesterday is I have to manage a little bit tighter this year and not let things get away. Not that I did last year, but I just think I have to be even tighter this year because of the volatility and some of the wild swings that we could get here in 2025. So it’s time-consuming. It takes vigilance, but that’s what we’re all about here. So anyways, very choppy start to the market. Biden blocks the U.S. steel sale to Japan. You know, he’s making a lot of really big decisions with just 17 days left.
SPEAKER 07 :
Right before, yeah.
SPEAKER 06 :
You know, you had four years to do all this. He wants to shut down through an executive order. Much of the oil and gas areas that are very lucrative with lots of oil and gas in them, he wants to do an executive order which would be very hard to reverse. In his last days in office, you know, this is kind of, I don’t know. I’m not a fan, obviously. Blocking U.S. deals. Well, Trump wants to block the sale. I mean, look how times have changed. You go back to World War II and the attack on Pearl Harbor and all this and that. One of the reasons that, you know, we came out on top is we were able, we had the natural resources, the oil and gas, the steel, et cetera, that Japan didn’t have. to sustain a long war so i mean there’s some of that you know do you want to of course we’ve been they’ve been our one of our closest allies now times have changed a lot so anyways uh under uh america first policy i think you would block that uh u.s steel uh going to japan uh so anyways and like i say biden is poised to block more offshore oil drilling before trump takes over And I don’t think Biden is done yet. I mean, I think he’s going to do more things before his time is up, which is, you know, his days are numbered here, 17 days left. I guess that’s when he actually has to move out and turn over the keys to the White House. It was a huge monster day for the nuclear stocks yesterday. Holy cow. vistra and constellation energy our uh dividend portfolio had a very good day yesterday and both are following up today’s yes constellation made a big deal with the government uh so now microsoft has a big deal with constellation the government everybody’s Staking out of position so they don’t run out of energy, except for the consumer, I guess, the little guys.
SPEAKER 07 :
Yeah, maybe our air conditions.
SPEAKER 06 :
They’ve got themselves taken care of. Constellation wins a $1 billion federal government clean energy contract. Shares rise. So anyways, Constellation will supply more than 13 government agencies and perform energy savings and… So, you know, there’s just more proof that the nuclear has moved from the bad side of the ledger to the good side, the clean, renewable energy side of the ledger. Constellation is sitting in a very good spot. We’ve owned Constellation and Vistra. That’s what we like in dividend-paying stocks. We don’t like 13%, 14%, 15% dividends that come with extremely high risk and probably are not going to deliver that dividend when it comes to total return. Total return is what it’s all about. Give me a smaller dividend yield. Constellation’s dividend yield is a half a percent. Vistra’s dividend. But it’s a dividend. But look at the capital appreciation. Over the years, the stock market, 90% of your returns have come from capital appreciation. And these people that are trying to get those returns through dividends only… That’s a fool’s game. Vistra is breaking out today. Constellation is breaking out. And I saw a lot of those small nuclear stocks like SMR, Oklo, etc. They’re having a good day also, and I think that’s going to continue to be a playable, viable sector in the market this year, nuclear, not only for investing like we have in Vistra and like we have in Constellation. We also have some small in the emerging growth portfolio, some of the smaller nuclear, but trading also. the nuclear sector is going to present some very good trading opportunities along the way also. These are very small, some of them very, very small companies, but they’re signing deals with big technology companies. The other sector that had a very good day yesterday, and when we come back I want to talk about it, there’s definitely one leader emerging in that quantum space. and several good runner-ups, too, in that quantum space. It had a big day. We’ll check in on it, see if it’s following through today. This is the Best Stocks Now show. We’ll be right back. This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show. Music
SPEAKER 02 :
The Instigator Because there’s something in the air
SPEAKER 06 :
And welcome back here to the second half of today’s Best Stocks Now show with professional money manager Bill Gunderson and Barry Kite, our chartered financial analyst at Gunderson Capital Management. The quantum sector kind of came out of nowhere. in the fall of last year, maybe even the winter, I think. And it started really with Amazon announcing that they would be investing heavily in quantum computing and uh… i have now created uh… i have a little watch list of uh… i want to say eleven ten ten or eleven uh… quantum related stocks there it is right there and uh… i think the the leader right now is rigetti even though talk about volatility oh man it’s like up 10 one day down 12 the next day up nine but i think righetti has definitely uh kind of stamped itself as the leader but Here’s the 10 stocks that I watch on a daily basis in that quantum computing. There’s also an ETF that is quantum. Okay, number one is ARQQ. I’m just going to do them in alphabetical order here. ARQQ is Arquit Quantum. It is a $266 million company. So I just want to put that in perspective. That’s a micro cap. So these really… Are they investable for the long term right now? Maybe there’s a few, but in the interim, I think this whole sector is kind of being sorted out right now. You know, the winners will start to rise up. The cream rises to the top, so to speak, because they don’t have any sales or earnings yet. I mean, these companies are just really laboratories and, you know, that are hoping that someone will come along and use their services. Our kit is one of those. It’s out of the UK. Now, the second one here, Coherent, is definitely… That’s an established company. That’s a $16.1 billion company out of Pennsylvania, and it definitely is an investable company, C-O-H-R. They’ve been around for a long time, kind of in the electronic parts business, but they’re also part of that quantum computing sector right now as far as kind of the picks and shovels. And that one there is definitely more investable than just trading. IonQ has also kind of emerged here as a leader. It actually has sales, and those sales are starting to take off. They developed trapped ion quantum computers for the purpose of commercial, industrial, and academic applications. They have sales over the last four quarters, sales up 60%, sales up 77%, sales up 106%, sales up 102%. I’d put that right up there with Rigetti. And that stock’s trading at 45. This is almost a, this is a $9.7 billion company already. This would fit down in that emerging growth category, you know, if you were looking for, you know, where it fits. This is not a dividend payer. This is not a large cap growth company. This is not even a triple A. This is way down there at single A, kind of. I-O-N-Q. But one of the best ones right now in that sector. Marvell is a big one. That’s a large cap. hundred billion dollar company they are part of this uh quantum move they design microprocessors semiconductors for data centers networking telecom consumer markets That’s where some of that quantum fits. Then there’s D-Wave, QBTS. That’s a $1.6 billion company. It’s down there at the smaller end. It’s highly volatile. They do have some sales, very little, but it’s definitely emerged. Then there’s a stock just called Quantum, QMCO. They’re more in the storage of the Quantum, on the Quantum side. This is a little one, micro cap, $250 million in market cap. Then there’s the Defiance Quantum ETF, where this would contain all of these stocks in it. And its symbol is QTUM, Quantum ETF. Okay, then the next one I have is Quantum Computing, QUBT. That’s a $2 billion company, no sales, no earnings whatsoever yet. It’s still out there on the horizon. This is the one out of Hoboken, New Jersey, home of Frank Sinatra. Quantum Computing. Then there’s Radnet, which is out of Israel. No, it’s out of Los Angeles. Actually, RadNet is kind of on the medical side of quantum computing. And then you’ve got Rigetti. Rigetti is now a $3.6 billion company. They do have some sales, very little in the way of sales. And those are the 10 right now that I’m tracking. Talk about if they had a VIX on the quantum computing. Well, in individual stocks, you call that beta. You can look up the beta of any stock. If a stock has a beta of 2.0, that means it’s two times as volatile. As the S&P 500. So if we look up the beta right now on Rigetti, which I get. The beta is 3.36.
SPEAKER 07 :
There you go, yeah. 3.36 times.
SPEAKER 06 :
So that means keep a bottle of Tums, Rolaids, whatever your favorite antacid is.
SPEAKER 07 :
Yeah, the average standard deviation or volatility for the S&P is 15. So that would be, what, times 3, close to 45? Yes. Meaning 68% of the outcomes will end up between 45% and negative 45%.
SPEAKER 06 :
Well, that was part of my continuing education, and I know beta very well. So there’s all kinds of angles at investing. There’s an ETF out there, Hibs, H-I-B-S, which, believe it or not, is inverse the high beta stocks. So you get into any kind of a correction in the market, guess who’s going to get hit the hardest? The high beta stocks. And so I have Hibs.
SPEAKER 07 :
Ask Kathy Wood.
SPEAKER 06 :
Yes, I have Hibs, and Sark would be another one. Although she’s lowered. I’ve noticed the beta on her fund has come down. I think she’s gotten a little religion or something in that high beta area. the gospel of high beta.
SPEAKER 07 :
I’ve got to look at the makeup of her 8% return. I think you said yesterday it was around 8%. It would have to be. I’m thinking, given last year, I would have expected, particularly towards the end of the year, with some of those quantum names, I would have expected a bigger pop there.
SPEAKER 06 :
You’ll have to look up her top 10 holdings these days. I know Roku is still there. Roku actually did okay. last year now the other one is ai all right and i have uh my ai stocks here separated off into a chart category and there’s quite a few there’s more ai stocks than there are quantum stocks by quite a long shot and there’s a new one that’s a new shooter entering the the field today uh there’s my ai sector how many do i have i have 20 stocks in ai I’m not going to go through those today. We’ll do that another day. A lot of the AI stocks are big ones. Microsoft, obviously, is not a startup. But there’s a little one here today called Serence, C-R-N-C. We actually had somebody transfer this stock in. I’ve kept it. for them because i said this is interesting serence is uh very much related to autonomous driving robo taxis uh which i think is going to be you know another theme maybe we’ll get the breakthrough this year in robo taxis like we got i mean they’re already they’re running around san francisco and phoenix and other cities we just haven’t made that breakthrough yet But Sarens develops automotive software. And it’s definitely now in the AI. It’s up 63% today. Wow. CRNC. CRNC.
SPEAKER 07 :
That whole AI rally is on today. I mean, I was looking down the list of names that we own that were, you know.
SPEAKER 06 :
On fire.
SPEAKER 07 :
Well, you’ve got NVIDIA up. You’ve got Palantir up. You’ve got Constellation Energy and Vistra up.
SPEAKER 06 :
Yeah, the nuclear stocks.
SPEAKER 07 :
The whole theme up. Yeah.
SPEAKER 06 :
And the smaller nuclear stocks, right?
SPEAKER 07 :
And quantum.
SPEAKER 06 :
Yes. Okay, when we come back, the most successful hedge fund out there, I would say, the most well-known one, how did it do last year? We’ll use that as kind of a benchmark as to how you did last year. Kind of an interesting number. And then we’ll get into Hindenburg’s latest shot across the bow. We’ll be right back. You’ve got to go where you want to go.
SPEAKER 03 :
Do what you want as long as you’ve been in the weather.
SPEAKER 06 :
And welcome back here to the final segment of today’s Best Docs Now show. Well, Ken Griffin Citadel, his flagship fund, he’s probably the most successful hedge fund manager out there today. He moved his base of operations out of New York to Florida, along with the rest of Wall Street, just about. His flagship fund was up 15% last year. So, you know, look, they do a lot of hedging. They do a lot of high-frequency trading. They do a little bit of everything. I mean, hedge funds really aren’t out to beat the market. I mean, they would love to beat the market, yes. But I think they’re probably more to give you a good, steady return over the years and lower the risk a lot. I think that’s probably a better way to describe a hedge fund. So 15% is what he did last year. Now I’m finalizing our returns for last year. Our Ultra Growth Fund did extremely well. It’s going to end up somewhere in the 35% to 36% area for the year. The S&P was up 23.3% somewhere in there. Now, I’m also adding a column. That’s the gross return. That’s if you were managing it by yourself without management fees and doing all your own trading and following along and everything like that. But I also have the column net returns. which would be after our heaviest fee, which is what, Barry? Under a certain amount, you pay 2%. Yeah, 2%.
SPEAKER 07 :
And most hedge funds are going to have what they call 2 and 20, which means they’re going to charge 2%. It doesn’t matter how much money you have with them.
SPEAKER 04 :
Exactly.
SPEAKER 07 :
And they’re going to take 20% of the profit. Of the profits, which that’s a big hit.
SPEAKER 06 :
That’s a huge hit.
SPEAKER 07 :
It could be very big, right?
SPEAKER 06 :
I mean, well, if I took 20% of the profits, that’s 7%. That would take your return down to 28%. And then minus 2% fees, 26%. I’m giving folks hedge fund-like protection, exposure, for better or worse. On one hand, it can dilute your returns. On the other hand, it can enhance your returns. But overall, you’re trying to provide a bit of a safety net.
SPEAKER 07 :
in vigilance and i was probably a little more cautious around the election which i felt was warranted i really did okay so well and you’re in a good place to be cautious because we i mean we came out of the gate screaming i think the portfolios as a whole were up you know closer to you know almost to that uh close to that 20 percent range in the first three months of the year oh man yeah you had some uh you had some ability to coast and and and you know raise some cash and be a little bit more cautious going into what was an epic election.
SPEAKER 06 :
Yes. So, yeah, so net return would be, now, our average fee, you know, is not 2%. That’s our stiffest fee. That’s for people that have under $250,000 with us. And we have a scale that goes down to, you know, 1%, even a half a percent at a certain level. Okay, our little emerging growth portfolio had a fantastic year. I mean, it’s going to come in somewhere around 47%, 48%. That’s gross. And then we’ll include the net in there over the years. And then the dividend portfolio did pretty well. I think it’s going to come in around 21%, somewhere in there. And the large cap is going to come in around 20%, large cap growth. uh and there was a lot of protection put in there along the way we don’t want to see that 53 percent drop to your portfolio now if it happens overnight you know there’s nothing we can do about that but you know if the economy starts to weaken if the if earnings start to weaken we’re going to take defensive action against things occurrences like that so anyways the newsletter’s The newsletter this Saturday will have the final results. I have a lot. I have a lot. Oh, Lord, I better have a sharp mind here this weekend, today, tomorrow. Now, I did freeze everything on Wednesday on 12-31, all of the final prices. I set that aside, and that’s what I’ll be using is showing where we ended for the year. Unfortunately, we ended kind of on the low because of those few days right before the market. That took about three or four percent right in the last few days of the year, which is And now we’re back up. We’ve regained those points. But December 31st, when the bell rings, that’s what we use. That’s what we use in everybody, the mutual funds, the ETFs, et cetera, for your year-to-date performance. Unfortunately, it did end on a low note and doesn’t really kind of reflect that. What a good year we really did. It does. I mean, we had a good year, but it was even better. Now we’re back to where we were before this sell-off right going into the holidays. Well, anyways, we’re having a lot of fun over here. I’ve sent out several messages here this morning, updates on the charts, updates on the volatility. I’ll be sending out a lot of updates throughout the day on my observations. I did a little bit of buying and selling, quite a bit actually yesterday. And I just think that things have to be managed a little tighter this year. Don’t go to sleep. Don’t be asleep at the wheel in a passive portfolio. I think that could be very tough this year. You know, things can happen very quickly. And you could say, oh, I wish I would have listened to Gunnarsson and managed my portfolio a little bit tighter this in 2025 last year you know we pretty much had our pedal to the metal and then we kind of took it off uh the accelerator as we headed into what i consider to be a very volatile period of time leading up to that election you could see how razor thin you could see how different outcomes you could see how a tie or a big controversy could have created a lot of volatility
SPEAKER 07 :
And the market had already hit 50 all-time highs at that point, right, in 2024, even leading up to that.
SPEAKER 06 :
And we enter this year with the P.E. ratio of the NASDAQ that’s gone from 20 to 37. So I have all of that to take into consideration. But at the end of the day, I’m just going to give you the simple formula. It comes down to one stock at a time. i enter i i i make a lot of little small decisions instead of one big massive decision which a lot of people out there call and sell everything and then they’re out and then they’re in no you know it’s a market of stocks and you have to man just like patients if you’re a doctor You manage every patient individually because they all have different characteristics, different needs, different risk tolerances, etc. So that’s how I do it. One day, one stock at a time, knowing what the backdrop is behind me. Okay, to get four free weeks of the trial, join in on the fun. Go to GundersenCapital.com to set up an appointment with us. This is very time-consuming stuff. Set up an appointment at 855-611-BEST. 855-611-BEST. Have a great day, everybody.
