In this episode, Bill Gundersen offers a detailed analysis of the current market landscape, highlighting key moments when investment opportunities arise amidst economic uncertainties. Joined by chartered financial analyst Barry Kite, Bill revisits his bold buy signals from past market downturns, emphasizing the resilience of sound economic strategies despite prevailing challenges. This episode dives into complex economic policies, particularly around tariffs, and provides a unique perspective on how these impact both domestic and global markets.
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 01 :
And welcome to the Monday morning. It is the April 7th, 2025 edition of the Best Stocks Now show with professional money manager Bill Gunderson. And I’m here with Barry Kite, our chartered financial analyst. That’s going to come in handy when we look back. in history at times like this in the market and what the market has done after that. And I’m going to begin a little bit differently today. As my introduction says, and his articles can be found on Seeking Alpha. Well, that’s true. And most thought I was crazy when I put out a strong buy article back in March of 2020. Oh, that’s when the morgue trucks were pulling up to New York City and the bodies were being stacked. I hate to sound morbid, but the market figured that there would never be good news in the market again. And I put out a buy signal in the darkest days of COVID in March of 2020. Few agreed with me in January of 2023 when I put out a strong buy article on the NASDAQ. The NASDAQ was down 30% the prior year, and the Fed was on the march with their interest rate hikes. And I’m sure that many question my judgment now with my belief that the market is going to rebound. We have the upper hand in the tariff negotiations. I think educating yourself on what they’re doing and what the plan is is better than anything you could possibly do. I’m going to elaborate a little bit more on that soon. And I think that it’s just a matter of time before the good news starts flowing in. And I would not want to own inverse funds at this current time. So welcome to today’s 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. I have to admit, I’m not an expert on tariffs, Barry. I mean, tariffs have really not played a big part. That’s all I knew from Econ 101. Tariffs bad. Okay, that’s all I’ve ever known. And even I have to question this current strategy that is being deployed by the Trump administration and whether it’s going to work or not. And somehow, you know, I was as much confused on Thursday and Friday as anybody else. And somehow I found the interview that was done on Thursday with Scott Besant, our new Treasury Secretary, and Charleston. He has a home in Charleston. Yes, and Tucker Carlson. And I watched a lot of people, believe me. And when I got done watching that for one hour, i watched it twice i watched it again early saturday morning in the wee hours of the morn and i became convinced in my gut whether my gut is right or wrong that they’re doing the right thing you know you have to ask yourself were we on a sustainable course in our economy You know what the market would love to have, Barry? The market would love to have the printing machines rolling 24-7, right, and stimulus for the market until it all comes crashing down, all right?
SPEAKER 02 :
Cheap money.
SPEAKER 01 :
Cheap money, yes, okay, and destroying our dollar, okay? And instead, we were headed, according to Besson, and I agree with this, we were on an unsustainable course. You can’t spend $2 trillion more than you take in year after year and expect things to end up well.
SPEAKER 02 :
And it’s one of the reasons why he wanted to become the Treasury Secretary, too. I like how he said, you know, I had a pretty comfortable gig beforehand. It’s not like he needed this job. He’s a billionaire. Selling his house here, selling the pink house for what, would you say, was listed for?
SPEAKER 01 :
And he said, I could come in here and just keep printing money and keep the market happy. All right. Okay, so now let’s get to the market. We were not on a sustainable course. Something had to give. Job number one was to cut government spending. You can’t spend $2 trillion more than you’ve taken. That’s just logic. I mean, you don’t have to be a genius to figure that out. That’s just common sense, okay? The auto worker in Detroit can tell you that. The farmer in Iowa can tell you that. The family in Colorado can tell you that. It’s not sustainable. So that was job number one. In comes Doge, uncovers all kinds of… of wasteful spending, basically pushing one party’s agenda around the world with our tax dollars. I don’t know how anybody can argue with the fact that you had to get government spending under control. That was job number one. And that’s the job they attacked, number one, was doing that. And they’re not done yet. And, oh, the crying and the belly aching. And, oh, we’ve got to march. We’ve got to stop Musk now. It wasn’t just Elon Musk. He was just the guy that was kind of the one to figure it out. Where are we going to cut? What are we going to do? Who’s got to go? Those are tough decisions. to be made but obviously it’s underway it’s like a not popular decision not popular and the easy thing to do is to print money at all times absolutely grow budgets and that’s the course the previous administration kept us on in fact they threw uh they threw steroids on it all right number two the rest of the country or the rest of the world charges tariffs We are the only country in the world that doesn’t charge tariffs, okay? So we were being taken advantage of. If tariffs are so bad, then why did the others use them? Every country in the world, I listed in my newsletter, every country in the world that’s a trading partner, the tariffs that they charge against us, number two. Okay, number three, I liked when Besant said, you know, the coast of America have been doing fine, right? which is basically the financial centers. We’ve become more of a financial economy with Wall Street, with M&A, with the Silicon Valley, with venture capital, blah, blah, blah, blah, blah. But he says while the edges of America have been doing well, the center of America, Minnesota, Michigan, Iowa, Nebraska, Oklahoma, Arkansas, Louisiana, they’ve been left behind. And he thinks that it’s about time. And, you know, obviously, Trump feels that way. And some say, Bill, you’re tainted by politics. No, I’m tainted by what I think is right and what I think is wrong and what I feel in my gut. I don’t care who came up with the plan that they came up with. I don’t care who was a Democrat, a libertarian. Or whatever, the Green Party. You follow the money, right? Yes. Who has the upper hand in this tariff war? Okay, the market, it’s the same as COVID. When COVID hit and the morgue trucks and the media throws gasoline on the fires, Oh, they love to see things going down. That sells newspapers. That gets viewers. Headlines sell. Anybody knows that. And they’ve got headlines again. Like these tariffs are going to remain the same. They’re never going to change. There’s never going to be a negotiation. We’ve already had the first country cave. Vietnam caved on Friday and said, we’re not going to charge any tariffs. That’s how badly Vietnam needs us and the world buying their products. And then over the weekend, two more. I mean, if you look at the label on your shirts that you wear to church or the shoes that you wear, everything made in Malaysia. Made in Indonesia. Made in Pakistan. I’m wearing socks from Pakistan today, darn it. And we have the upper hand, okay, over the weekend. Malaysia and Indonesia. Hey, we’re going to back down on our tariffs that we’re charging. And according to Trump’s, let’s see, Kevin Hassett, he says that 50 countries have already called and said we want to sit down and negotiate. Okay, so let the negotiations begin. The market reacts like they always do. The CNBCs of the world, the Wall Street journals, the Dow just turned positive, by the way. Did you read my article over the weekend? Bill’s crazy again. Bill’s crazy again. The Dow just turned positive. Sometimes it’s just a little bit of logic. And what did I say in my newsletter? I would not want to be short this market right now. Wait until the short covering starts to unravel, Barry. Do you know what the level of short interest is in the market right now? And what are they doing right now with the market just going positive? I felt strongly this morning, I’m just going to tell you this, as I looked at my initial round of charts, I should have been buying this morning, I said, the market just bottomed. As I looked at the chart of Apple, I started an alphabetical order. I got through about 25. I saw buying coming into every one. I saw this plunge in the morning, plunge in the morning, and here comes the buying. I said, the market has just bottomed. How many bottoms do I have to call before you start to believe in Bill Gunderson? And quit listening. to the CNBC pundits and the Wall Street Journal haters. We’ll be right back. And welcome back here to the second quarter of today’s Best Docs Now show. Well, you know, I spent 18 hours on my newsletter this weekend, Barry. 18 hours, counting Friday, most of the day Saturday, and several hours Sunday morning in the wee hours of the morning. trying to get my point across. And I watched the Besson interview one more time, just to make sure I was on the right track. And you can come at me, if you’re out there, with any argument you want to come at me with on why the tariffs won’t work, why the economy is going to collapse, and why the global economy is doomed. If you want to hear that, you can go read the Wall Street Journal You can listen to Jamie Dimon. You can listen to the guys on CNBC who are almost never right. They were wrong during COVID. They were wrong during the 08-09 crisis telling you that, oh, this is just going to pass. There’s nothing to worry about here as they told you to buy Bear Stearns and all of the other, the debt, the Lehman Brothers, etc., Well, you know what? You have to use some common sense sometimes. And I would say if you want to know what this whole plan is all about, spend one hour. My son-in-law, he drives about 45 minutes to work. He’s a dentist. And he listens to YouTube interviews at twice the speed, Barry. I don’t know if he drives at twice the speed, but he speeds up.
SPEAKER 02 :
They sound a little different.
SPEAKER 01 :
Okay. I told him yesterday, I said, listen to the Besant interview with Tucker Carlson. Number one, I think Tucker Carlson is pretty good. I think he’s one of the best journalists out there. He asks the right questions. He’s not out to trap you, to try to catch you like the NBC or Face the Nation or Meet the Depressed, whatever else. I feel like he’s just trying to get to the bottom and find out where the truth lies. After watching Besson, I said, this man is brilliant. I told someone else to watch it, and they wrote back to me on a text just saying, wow, with like three exclamation points.
SPEAKER 02 :
He’s always the person. I mean, when he wasn’t in this role, he was always the person that I wanted to hear talk, right? Yeah. Usually… And you’re the same way. You’ve got one of the financial channels on, if not all of them on mute in the background.
SPEAKER 01 :
That’s what I do.
SPEAKER 02 :
When his face would pop up, right, it’d be unmute, right? It’s like, oh, let me hear what he says.
SPEAKER 01 :
And I’ll tell you, the hardest headline for CNBC to send out today was the Dow goes positive. They don’t want you to see that one. They want you to see Dow down 1,500 points as Trump planned for. Look, okay, like I say, the plan, I don’t care who hatched the plan. If it’s a Libertarian, a Democrat, a Green Party, I don’t really care. But as I listened to the plan, I said, you know what, that’s logical. That’s logical. I mean, Apple would be the perfect example to use, I think. Apple decided to offshore the building of their iPhones. A smart man at Harvard once said, You don’t want to offshore a disruptive product because you’re going to give up your trade secrets. They’re going to figure out how you make what you make. And obviously the iPhone is one of the most disruptive products in history. And there was a guy, the late Clay Christensen from Harvard. My nephew was his right-hand man. And I talk with my nephew all the time. He was a professor at the Harvard Business School for many years. Now he’s at the University of Virginia. And I said, Rory, he’s a Stanford Ph.D., Okay. And I said, Roy, what would Christensen have said about the offshoring of products? He said, oh, that was number one. Never offshore your product because they’ll steal your ideas. What did China do with the iPhone? Have you ever heard of Huawei? Yeah, I was about to say.
SPEAKER 02 :
Yeah.
SPEAKER 01 :
You know, and Huawei now has a bigger market share on iPhones. And Apple stock is not doing well. They made a decision to offer. You mean to tell me we can’t build iPhones in Kansas or in Texas or in Indiana? Okay, now here’s the second. Here’s another argument that comes up. Do we have the will in America? to work hard, to work in a factory, and here was Bess, do we have the labor force? Besson’s answer was, do you realize what kind of factories we have today with the robotics? Yeah, smart factories. With the AI? Yeah. I mean, I want to visit an Amazon factory. When I can order something on Saturday morning and get it Monday morning at my door, think of the technology, think of the robotics, think of the artificial intelligence. These are smart factories now. This isn’t a labor sweatshop like they have in Malaysia and Indonesia and Vietnam and Cambodia and Pakistan where they basically have slave labor companies But we’re okay with that somehow. We’re okay with them treating their workers that way. But we treat our workers much better, okay? And you say, well, aren’t things going to get more expensive? Well, the tariffs are going to come off. You say, well, Apple can’t start making iPhones tomorrow here in America. No, they can’t. It’s going to take time to bring the production back to America. But it’s all they’ve got to do is announce plans. to bring it home pharmaceuticals whatever case may be and they’re immediately going to get a tariff break i think you’re going to see good news piled on top of good news i’ve already i’ve i’ve highlighted four stories that i sent out on x this morning one was the vietnam story Okay, what’s being built in Vietnam right now? Hoka shoes. What happened on Friday, Gary? Yeah, anything that you wear on your feet. What happened with Deckers on Friday? Deckers was down 12%, blah, blah, blah, blah, blah. One of the great buying opportunities of all time. But even I was too afraid to do that one. Later that morning, Vietnam says, bang, no tariffs. That’s what I’m reading now. And Hoka ended up positive for the day. I said, that’s the first shot fired over the bow. During the next several weeks, months, whatever, one by one, one by one, these companies, there’s going to be good news. I think it’s more, and I think Besson, he made a very good point. He said, Tucker, I would watch more what the companies do than what the countries do. Because when these companies announce, these countries are going to panic with all of these factories leaving China and coming to America. And he also talked about how unbalanced the Chinese economy is. They totally depend on manufacturing companies. If these freighters aren’t unloaded here in the Charleston Harbor and end up in consumers’ hands, they’re toast. They are totally reliant upon a manufacturing economy. They consume very little. They don’t have a high standard of living there. They’re consumers. And they manufacture a lot. We consume a lot and manufacture a little. And Besson said, wouldn’t it be a great world if the two of us can work together and we manufacture more? and they consume more, and we have a happy balance between us, that would be great. We’ll be right back.
SPEAKER 06 :
This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show.
SPEAKER 01 :
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 GundersenCapital.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. We’ll be right back.
SPEAKER 05 :
And welcome back here to the second half of today’s Best Stocks Now show.
SPEAKER 01 :
We’ll call it the tug-of-war version of the Best Stocks Now show today. The tug-of-war is going on between those that would love to see the markets sink, the country sink, the current administration sink, and those that are fighting, you know, to try to get us back on the right course. That’s the tug of war that’s taking place in the world, in the nation, in countries and states today. Usually when I see this back and forth like we’re seeing today in these wild swings, Barry, that’s how a bottom is put in. That’s just my opinion. I think the bottom is forming. I think this is a pretty good week to be looking for bargains. But at the same time, I think you have to be very, very picky. and demand the best at the cheapest price and at the right time. So, you know, the way I do it is one stock at a time. I don’t make a big blanket. I’m going to go through there and look at them one stock at a time. Okay, now let’s measure the damage here. Ah, the NASDAQ this morning hit down 20% for the year, all right? We wiped $4 trillion from the S&P 500’s market value. Well, I think $1 trillion alone was NVIDIA, wasn’t it? And a few others out there. Yeah, a third of NVIDIA, basically. Yep. The Thursday and Friday, and I said this, I felt in my heart and in my stomach, that that was the worst two-day period of time during my entire career in the market. That’s saying something. Now, your dad was around in 87 when 23% was taken out in one day. But I was right because the statistics say that that was the largest two-day decline in the last 40 years.
SPEAKER 02 :
And the market was a lot – obviously the market value wasn’t near as much back then in 87.
SPEAKER 01 :
No. So I was back in my early days in the business world and just out of college when the last two-day route like that. And I said to myself, I think this is the worst two days I’ve seen. And if you look at the charts – I sent out the charts over the weekend. You can’t even really read a chart when it’s panic-driven like it was on Friday where you see those big plunges. That’s an anomaly. It’s like an income statement where there’s a one-time thing that won’t be recurring. I just don’t see us heading into this giant which others are predicting. I don’t see that happening. I see instead, I see the scales being tipped towards the U.S. of A in all of this, okay? So anyways, the futures were down 1,500 points last night. It opened up way down. It went positive. Now I think we’re down six. I’m not even going to watch the market. That’s another piece of advice I would give you. Don’t even watch the index. You could sit there and watch that all day. vacillate back and forth, and just get sicker and sicker and sicker. That’s that percentage I was talking about. Give them that.
SPEAKER 02 :
You were telling me that. Yeah, where we’re at in terms of market drawdown and plus where the VIX being over, I believe, over 40.
SPEAKER 01 :
We hit 50 on Friday.
SPEAKER 02 :
Yes. So when that happens, historically, for the next 12 months from that period, I think it’s 96% or 98% of the time the market’s positive. Yes. Of course, that’s someone with obviously a 12-month outlook. Of course, we all look at our portfolios and markets some more than others. Daily. On average, I think on average every four hours, which is across a lot of people.
SPEAKER 01 :
I mean, Buffett looks at his every three months, right? So anyways, the other factor here, and I addressed this in the newsletter on Friday, and you said it on Thursday, I wonder what the earnings estimates are going to look like on Friday, Bill. So, okay, I opened up the earnings estimates, the consensus out there. No change from last week. But that’s a one-off, too. You could say, well, how can you even come up? Here’s where the earnings estimates are. How can you even predict the damage when Vietnam turns around within a 24-hour period of time on Hoka, right, or on Decker’s Outdoor? It’s impossible. Right now, it’s really impossible in my business right now to put out my projections for 2025 because there’s a lot in flux right now. But I’m not as much on the front lines as an apple is, as a, you know, oil all of a sudden is under $60 a barrel, which is a silver lining, right? I mean, that’s not inflationary for sure.
SPEAKER 02 :
Yeah, except for a lot of the frackers.
SPEAKER 01 :
Yeah, and the oil companies are crying right now. But is there really going to be this devastating demand drop in oil? I don’t see that. I see more panic-driven selling right now that eventually will work its way out. Okay, Asia, panic selling this morning. They’re on the wrong side of this. We hold the cards, okay? China is in a very, very weak position. You heard Besant. What did Besant say about the position that China’s in? He said, they can’t survive without us. He claims that they’re already in a deep recession, and he said, slash depression. Okay? Chairman Xi, you know, is in trouble with his people. He cannot not negotiate here. He’s got an economy to keep going. And it’s totally dependent. They’re not balanced. We’re not balanced. Both sides need to balance. And he has to come to the negotiating table. He has no choice. I think a TikTok deal would probably buy him some time. I think that would give him a delay on the tariffs. I think there would be an immediate reward if there was a TikTok deal. Apparently there was one. And he backed off just out of spite on Thursday and Friday when he got hit with those tariffs. Okay, the other thing that Besson brought up, what about their relationship between Trump and Xi? Aren’t they these massive adversaries hating each other? And Besson said that’s not at all the case. They have a pretty good relationship, and they respect each other, and they talk all the time. In other words, there is a constant line of communication between Trump and and between Xi. And that’s one of the things that bothered me about the last administration. There was no line of communication between Putin and Biden, or maybe there couldn’t have been a line of communication. I don’t know. And Xi and Biden, I don’t know that he had any line of communication with China at all. And certainly not the respect portion. No. And I think Europe doesn’t have the cards here. Their economy is not exactly booming. uh… they just came out of a rough bout of uh… inflation and uh… you know all those german cars i mean germany is basically the engine that drives the EU economy and uh… they’ve got expensive they made a bad decision they made a horrible decision they have expensive energy and uh… you know that was another thing Besson said look If we can keep taxes reasonable, if we can make regulations reasonable and free up companies, if we can bring back manufacturing to the United States, he says the economy and the stock market are going to do just fine. And bring down government spending. Because you know that government spending, where does it come from? It takes it away from the private sector. It’s competing with the private sector. No, government spending should be lowered and the private sector should be unleashed. And that’s what they are going to do. Germany has a record trade surplus this morning. Surplus. Have you ever heard that before? That’s all we ever hear is a trade deficit. Trade deficit grows. $200 billion this month. Germany has a surplus of $17.7 billion in February, but now all of a sudden they’re threatened because they’ve got these tariffs on them and they’re going to have to come to the bargaining table. Now, in the best of all worlds, I mean, I like what Musk is calling for, the creation of a tariff-free trade zone between the United States and Europe. Both sides eliminate their duties in favor of a greater economic cooperation. I mean, at the end of the day, that’s the absolute best solution. Right now, we’re at the absolute worst solution, and there’s going to be a happy medium in there somewhere. The two sides have to come together. But I agree, in a perfect world, you would have kind of all things in common and share alike. We’re good at this. We’re good at this. And the two come together, and they complement each other. But right now, you know, we’re at the worst case scenario with a lot of negotiations to come along the way. And I believe a lot of good news that is going to crush these short sellers and naysayers. We’ll be right back with the final segment. And welcome back here to the final segment of today’s Best Stocks National. I’ve got three major points left that I want to make here. Number one, if you disagree with me, go buy SQQQ, right, Barry? I mean, that’s three times short the NASDAQ. triple your pleasure there and uh you know listen to cnbc listen to the wall street journal listen to bill ackman listen to others by the way he has a huge position in nike why would you ever own nike i i’ve never i mean i like the guy but his stock picks have been terrible over the years okay so go ahead short the market That’s what a market’s all about. Get on the other side of the tug-of-war, right?
SPEAKER 02 :
Yeah, and the interesting thing is, I mean, you know, the beautiful thing, as you know, as you always say, stocks follow earnings. We’re going to get what Delta, I think, reports on Wednesday, and then we start getting some banks on Friday.
SPEAKER 01 :
I’m sure there’s going to be a lot of warnings and whatnot. But at the end of the day, there was no change to earnings estimates this week. But I can see why. I mean, there’s going to be. I changed my earnings estimates. Now, number two. This is a hard one to figure out. And if you watch the Besson, it sounds like you watch the Besson interview, Barry. Did you hear his comments on who bears the brunt of the tariff? Oh, yeah. MIT study. Did you hear the MIT study?
SPEAKER 02 :
Yeah, it was only, what, 2% passed through?
SPEAKER 01 :
Yeah, 0.7. Okay, of a 20% tariff imposed on a good coming in from South Korea, the consumer in the MIT study, because they went back and looked at Trump’s original round tariffs, which are still in place in China. With China, yeah.
SPEAKER 1 :
20%.
SPEAKER 01 :
And they found that the consumer paid about 2%. It was 0.7%, so not even quite 2% of that 20% tariff. The rest of the tariff was made up in currency. Okay, that’s kind of hard to explain in the time I have here. But the real one that bears the brunt of it is the producer. of it, right? Because they kind of have to bear the brunt of the cost of that. They’ve got to get their cost down. Their profit margin has to shrink in order for them to have a competitive product out there on the market. So no, it’s not true that we here are going to be paying 20% more for everything that we buy that comes from overseas, which we obviously buy a lot of things that are made in China, made in Malaysia, made in Pakistan, wherever the case may be. But if the MIT guys are right, the study that they did showed that the consumers paying a very small percentage of that, the biggest beneficiary would be America. Because number one, the factories would be opened in America. Jobs are good for the economy. If people are employed and have a good job, they’re spending at restaurants. They’re going to Kohl’s. They’re going to the movie theater. They’re going on vacations, etc., etc., etc.
SPEAKER 02 :
And not industry, and the whole, you know, other problem, I think, is especially from a media standpoint, right, is, you know, you get, you know, tariffs or what have you. They get, you know, they’re painted with a broad brush, right? Yeah. And instead, you know, you think about, you know, we were talking about, you know, shoes being, you know, Vietnam. I don’t believe that we’re ever going to be making hokas right here. The differences on that particular product, right, doesn’t matter if it’s at the whole country or not. At that particular product… they’re going to end up not charging a tariff, right? It doesn’t mean we have to tariff them. It didn’t have to move here. It just means maybe they quit charging you a tariff on that particular product, right, or textiles.
SPEAKER 01 :
I also like Besson’s point that in the past, tariffs have been used for two purposes. Number one, to protect an industry like our car industry or whatever. We did. I mean, we didn’t allow in. uh you know japanese cars until yeah i was in high school when that happened okay the other purpose for a tariff and this would be my last point if you could collect tariffs guess what that balances your budget those are revenues coming into the country And you can actually keep taxes low because a big percentage of what is coming in is coming in from foreign countries into your coffers and not from the American taxpayers. So there’s another big benefit that most people do not realize. is that, you know, I mean, they’ve taken in hundreds of millions of dollars from China, right? And then he adds a third. And now Trump has added a third dimension. Negotiations. Instead of pointing guns and missiles and, you know, China buzzes Taiwan all the time with bombers and whatnot and Navy ships and whatnot. And Trump has decided to do it a different way. I’m going to just impose tariffs on them. They depend on us. We have a big clout in the world. And I think for 40 years, I mean, when I saw an interview with Trump 40 years ago, where he said, why is it that these companies charge us these huge tariffs on stuff that we send to them, and we don’t charge them any tariff, okay? And he says, we’re in the catbird seat. And Besson also made the point that in this tug of war, it’s the buyer of the goods that holds the upper hand as opposed to the producer and the manufacturer of the goods. We are in the catbird seat. We hold the cards. Remember when he said to Zelinsky, you don’t have any cards. Well, in the tariff war, whatever you want to call it, tug of war, I’m going to call it a tug of war, because it’s going to go back, it’s going to go back and forth. One side is going to pull and the other side is going to pull, and eventually there’s going to be a happy medium that is reached somewhere in the middle. But in the tariff tug of war, we have many more people on our side pulling. than they have on their side so i would just say this you know there’s been some great buying opportunities in the market in my lifetime i saw the worst two days of my career to two days on on thursday and friday i can’t say that today’s the day But I’m going to go through individual stocks. Forget the indexes. We’re going to go through individual stocks. Someone asked, what kind of stock would you be looking at? I want the best stocks now at the cheapest price. And I think that the best stocks now are the same stocks that we had before all of this happened. Maybe there will be some new. But I don’t want to own Apple. I don’t want to own Nike. I don’t want to own companies like Starbucks. Maybe there will be a break for coffee. I don’t know. But let’s buy clean companies that are pretty much unaffected by the tariff and were best stocks before and will be best stocks again. So anyways, if there was ever a good time to start a relative value fund, that’s underway. I made five purchases last week. I plan on making 40 in that. There’s never been a better time to get a four-week trial. at GundersenCapital.com. There’s never been a better time to set up an appointment with one of us and talk to us about the serious investing that we do here at Gundersen Capital Management. 855-611-BEST. 855-611-BEST. Have a great day, everybody.
SPEAKER 04 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
