Bill Gunderson examines potential risks to the global economy, from geopolitical tensions in Ukraine to trade issues with China. Highlighting the diverse cross-currents in the market, he also tackles the economic experiment in Argentina under its new leadership and the implications of France’s political struggles on its market. As Bill continues to shine a light on major stock movements, he addresses the fascinating dynamics within the retail footwear market and the impacts of technological advancements in cooling systems on various stocks. Concluding with an outlook on division and its effects, the episode offers an in-depth overview of the 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 Gunderson Capital Management. Here is professional money manager Bill Gunderson.
SPEAKER 04 :
And welcome to the Tuesday. It’s the Tuesday, December 3rd edition of the Best Docs Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And Barry Kite will be joining us here in a bit. We have a mixed market here today, but I’m seeing some good moves in a lot of our stocks here that we own at our firm. The NASDAQ is up 32 points. And guess what? That puts it at a new all-time high for the second day in a row, 19,437 points. You know, never mind that the P.E. ratio is now up around 38, I think, on the NASDAQ. I’m going to update that here with you today. But the NASDAQ, even despite high valuation, still has a good head of momentum going right now. The Dow is down 69 points, 44,713. We’ll try to figure out who the culprit is there. The S&P 500 is dead flat. It is down 68 cents right now to 6,046. It, too, hit a new all-time high yesterday, and that forward P.E. ratio went up to 22.11 when the long-term average has been more in the 18.5 area. Russell 2000 is down four points today. interest rates are down a couple of points today to 4.18 and bitcoin so you got a little bit of a risk off attitude bitcoin is down 1700 it’s in the 94 000 range right now 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 we count down the days to the holidays, to the year end, to the end of the quarter. Will there be a Santa Claus rally? What is a Santa Claus rally? What are the odds for it? What are the odds against it? All kinds of cross currents taking place. in the market right now but here’s the story from yesterday the nasdaq was up 186 points That puts it at an all-time high of 19,404, and, of course, it’s adding on some points today. It puts the P.E. ratio of the NASDAQ at 34.8, and it puts the forward P.E. of the NASDAQ at 28.4, which is a good deal above the forward P.E. of the S&P 500. The S&P 500’s forward P.E. right now is 22.11.
SPEAKER 1 :
22.11.
SPEAKER 04 :
And by contrast, the NASDAQ is now 28.4. And if you want to throw one more in there, the forward P.E. of the Dow right now is 20.7. So those are all very, very high lofty numbers. There’s not a lot of room for error in those numbers. I think that the market is building in better than expected. GDP going forward, they’re betting on the The new Trump administration coming in to be a little bit more pro-growth and hopefully get some results in growth going forward. On the other hand, you’ve got the tariff scare of a tariff war, which is heating up. And you’ve also got the cost-cutting boys coming in. and looking to cut spending, which there could be a lot of negative effects from all of the cross-currents that are taking place. So anyways, we had a pretty good day in the market yesterday. We closed at an all-time high for the S&P 500. The NASDAQ, which finally is closing at a new all-time high, has been lagging the S&P 500. And the Dow here recently But yesterday had a big, big day, and I think Black Friday helped, and other factors helped yesterday. Well, after Black Friday, happy Cyber Monday. How did we do on Monday? It looks like we spent even more on Cyber Monday than we did on Black Friday. I see $13.2 billion, $13.2 billion, which that’s bigger than Black Friday, Barry. So more people sitting at home in front of their laptops than actually gracing the stores and fighting for a parking spot down at the shopping mall.
SPEAKER 03 :
Yeah, apparently my Internet was having some trouble this morning, so happy to join you. Yeah, I guess given that much activity that we’ve seen in terms of the shopping, I guess that makes sense.
SPEAKER 04 :
Yes. Hey, and here’s the other thing. Fifty-five percent of all online sales are now done on mobile devices. I got to be honest, I have a hard time navigating Amazon or Shopify or other with my iPhone. It’s hard for me to order at McDonald’s. It’s such a small screen to look at. I prefer it. And even the app, even the Best Docs Now app, I love the iPhone version, but I like the web version better. A little easier on the eyes.
SPEAKER 03 :
Yeah, when you get that little square that’s over on your screen and you can’t get to it, and I’m like, where do I hit the X? And I almost give up and go and pull it up on the computer. Or sometimes when I’m ready to give somebody some money, I want them to take it. You know what I mean?
SPEAKER 04 :
Yeah, it’s hard to navigate on that little iPhone. Well, okay, we begin with the world, all right, and then we work our way down. I thought this was pretty big news. The NATO chief, you know, they don’t like Trump. The security general of NATO is Mark Ruda, who does not especially like Trump, and I don’t think Trump likes him. No. Many of the members or the representatives of the NATO ministers, he’s warning President-elect Donald Trump. Now, from my perspective, I see Ukraine moving towards some kind of a settlement. That’s what I see. I mean, he’s been saying it himself. The leader of Ukraine, Zelensky, has been saying, you know, I’m ready to give up land in exchange for a ceasefire. And NATO is warning against that. They’re saying there would be a dire security threat from Russia, North Korea, China, and Iran. if Ukraine is forced to sign a peace deal that’s more favorable for Moscow. I don’t see the reasoning there. Do you think that Moscow and its allies, North Korea, China, and Iran, would be happy if there was a deal that favored Moscow? So it doesn’t make a lot of sense with me. To me, it almost seems like they want to keep the war going for some reason. When Ukraine seems to be ready to negotiate and end that bloody and, you know, how many lives have been lost in that conflict?
SPEAKER 03 :
Yeah, and Russia’s paid a price, too. I mean, it’s not, you know, a huge price. Both sides have. And, you know, I guess if you’re talking about is it a deterrent to those other nations? I mean, in reality, I think when you look at what’s happened to Russia over the last couple of years, particularly with You know, sanctions, you know, obviously casualties, you know, what they look like on the world stage, right, has, I mean, the Olympics, right? I mean, all kinds of different facets of the world and life. I think it’s been a deterrent probably to the rest of them. So, you know, in my book, I think getting that conflict over, and I think the Trump administration wants that conflict over as soon as possible, too.
SPEAKER 04 :
Yeah, well, and Ruta is making the point that if Russia gets away with a favorable deal, that’s going to embolden China to go in and invade Ukraine. I don’t see that. But anyways, look, it’s part of the news.
SPEAKER 03 :
I don’t think any of this is favorable, right? No. Up to this point is the way I would look at it. It’s war, and it’s not great for either side.
SPEAKER 04 :
Well, okay, and here’s another country that I watch, Argentina, because they’re doing a radical experiment in Argentina. They’re doing what Elon Musk and Vivek are going to do. I mean, they’ve got a leader, Javier Mille, who is slashing government spending. And he’s very pro energy and using the natural resources that Argentina possesses and putting it out there on the market. He’s approving a pipeline, a gas pipeline, the Vaca Muerta Pipeline. so that they can sell more oil and get revenue in, coming in from their natural resources that they have. But the reason I bring that up is the number one performing ETF in the entire market right now is the Argentinian ETF.
SPEAKER 03 :
Yeah, given their currency issues over the years, that’s a high-risk play, right? Right.
SPEAKER 04 :
Yeah, well, the Argentinian market is the number one market in the world this year. It’s up 64% year-to-date. Okay, our S&P is up like 26%, which was done well. And as I look at all the rankings in the Best Stocks Now app, surprisingly, at the top of the list is ARGT, number one rank. It’s been there for a while. ETF so obviously the markets the markets like what is going on in Argentina okay when we come back we’re not quite done with earnings season it seems like that’s a perpetual thing that never comes to an end and there are some earnings coming in today and there’s some earnings coming in the rest of the week that we’ll keep our eye on and then there’s some big news on some small stocks that maybe you’ve never heard of we’ll be right back
SPEAKER 1 :
Thank you.
SPEAKER 04 :
And welcome back to the second quarter of today’s Best Stocks Now show. Now, we just talked about Argentina being up 64% year to date. On the other hand, France is down. Their market is down 6% year to date. And we saw yesterday that their, I think it was their PMI number, hitting a low that they haven’t seen since the COVID year of 2020. In addition to that, the French government is likely to collapse by the end of this week over a budget impasse. They had a snap election several months ago. It came out as a hung jury, a hung parliament, and they continue to squabble. It’s kind of the similar squabble, I would say, that we’ve had here in the U.S., The main point of contention is the annual Social Security budget which needs to be approved this month and a spiraling deficit. Where have you heard that before? And they’re trying to rein in spending there. They do a lot of social spending in France, which cuts into their production as a country.
SPEAKER 03 :
Yeah, it cuts into their GDP if they don’t have that income. I mean, you’re reducing consumption. The trick is they’re bond vendors. The Bon Vigilantes will always keep things in line in some form or fashion.
SPEAKER 04 :
Exactly. So France is struggling right now. You know, a world recession. could begin right there in France and spread to other European countries, especially if the tariffs get thrown in there.
SPEAKER 03 :
Yeah, and Germany’s been… Japan’s not doing… No, right. Japan’s been slow, but Germany, I mean, is right. I mean, it’s been on the cusp of… I think the last time I saw the reading, it was like a 0.1% GDP number. So, I mean, they’re on the brink of… Stagnant. Stagnant. Being negative, so…
SPEAKER 04 :
And, of course, you know, I mean, they’re big trade partners, and it could really kind of hurt the whole. And that’s why I bring up that forward P.E. ratio of the S&P 500 to 22.11. There’s not a lot of room for error here. If our GDP starts to slide, you know, that market PE ratio is not expecting a shrinking GDP number here in America. Okay, then, we’ve had some earnings come in. We’re still going to get a sales force this week. That’s probably the big one, Lululemon, Dollar Tree, Ulta. A few others as we wind down on this current earnings season. Now, over in China, you’ve still got the problems with not letting them have the high-tech technology for the chips. Well, they fought back today. These countries aren’t going to just stand there and take it. They’re going to fight back. China today halted the exports of gallium, which is used in semiconductors, germanium, which is also an important rare earth metal, to the U.S. in response to chip sanctions. And gallium is used in the lower tech semiconductors. And germanium is a super hard material, which is very short supply around the world. And they’re used for both military and civilian use. In principle, the export of gallium and germanium. Oh, and antimony, too. Don’t forget antimony. And super hard materials shall not be permitted, the ministry said. Beijing will also place tighter controls on the sales of graphite. China supplies 60% of the world’s germanium, prices of which hit record highs. They need a germanium ETF, it sounds like, Barry.
SPEAKER 03 :
Sounds like a flower, too, right?
SPEAKER 04 :
Yes. And, you know, Trump did not back down with the leader of Canada. He suggested, you know, the leader of Canada said, well, this would crush our economy. And he says, well, we’ll just make you the 51st state and you can be the governor of it if you keep ripping us off in Canada. Okay. I wonder if he’s happy he went to Miralago to have dinner with Trump or not. Tesla’s China shipments fall for a second month in a row. Here’s the number that stood out to me. So Tesla shipped 78,000 units in November. And we read yesterday that BYD shipped 600,000. Right? I mean, that’s like seven times the amount of Teslas. BYD has taken over the market in a big way in China. And, you know, I mean, I don’t know what Tesla can do. I’m sure the Chinese cars are much cheaper. They’re highly subsidized, I’m sure, by the Chinese government, which is also very… hard to compete with but i can’t believe how far ahead byd has gotten on uh on uh on tesla uh in uh probably over the last 12 months but i wouldn’t cry for elon you know they’ve sold 500 they’ve sold over 500 000 to you know two two months in a row that’s incredible to compare to 78 000 for tesla okay that’s that’s a big score there that’s a big victory for the Chinese EV automakers versus our American automaker over there, which makes those cars in China. They have a Shanghai Gigafactory. But, I don’t know, they’re having a hard time competing. Now, don’t cry for Elon because SpaceX, which is not a public company, I don’t know where, I suppose it’s, I read that it’s the largest private startup now in the world, okay? $350 billion. So SpaceX is not public. It’s private. There’s investors in SpaceX. I was coming home on Saturday evening. I watched SpaceX go right over my head there, driving south. Pretty impressive sight. I’ve seen it a lot because those space launches, you know, they usually head up our way, go right over us here south. in the south 350 billion dollars is the current valuation on spacex now i gotta believe that at some point they’ll come uh they’ll come public the last time spacex raised money the valuation was 210 billion now the difference is obviously a private company there’s no liquidity unless you’re selling to these new investors that are coming in which they are And Tesla’s shares are up 42% since Trump’s victory. Now, here’s the part that seems almost ridiculous. A Delaware judge. has once again rejected Elon Musk’s multi-billion dollar pay package. So here you’ve got a Delaware judge determining how much Elon Musk should make as the head of all these companies that he runs. You know, this is a weird story. There’s a company that’s advertising in Houston where our show is heard named Enron. What? What? It was the energy firm behind one of the largest corporate scandals. Well, there are billboards in the prior hometown in Houston that Enron is coming back. Well, I’ll just explain that when we come back. And then we’ll get into the Santa Claus rally. 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.
SPEAKER 05 :
Because there’s something in the air.
SPEAKER 04 :
And welcome back here to the second half of today’s Best Docs Now show. And we’ll skip the Christmas. The Santa Claus, that’s what they’ll be talking about on CNBC all day today, Barry. Will there be a Santa Claus rally? Will there not be a Santa Claus rally? There’s been a Santa Claus rally all year. That’s why Santa Claus is coming. That’s the kind of things they talk about on the big stations out there. Anyways, we’re going to talk about one this morning that popped up on my radar. You know, you never know. You wake up and you’re looking through the news and there’s something that’s, wow, look at that. Okay, so this is today’s Weird Stalk. of the day, but it is up 250% on this news. And it was one that wasn’t in my database. Now, I’m not recommending you go out and buy this stock, but these kinds of things I like to bring to your attention because there’s some of the things that make the market so darn interesting on a daily basis. Let’s see. The symbol here, ZJK. You ever hear of that one? Zebra Jack Kennedy. There you go. Zebra Jack Kennedy. ZJK Industrial soars on expanded pack. with nvidia so if you mention a company in the same sentence with nvidia you’re probably going to get the shares skyrocket tuesday morning after the company announced a significant advancement in its collaboration with nvidia focused on advanced liquid cooling systems okay so i mean the first thing i did i i went it it is in the uh marketsmith database It wasn’t in my database. So I saw the chart. It went public with very little fanfare at the beginning of or the end of September, beginning of October at $5 a share. And I’m not real hot on Chinese stocks. Okay. It’s a Chinese-based company. And you read this description. They manufacture precision fasteners. structural parts and other metal parts products there’s nothing in there about ai there’s nothing in there about nvidia and in fact the sector that it’s in the investors business daily it divides up the market into about 200 or so sectors because you have a lot of sub-sectors within a sector And this happens to be in the metal processing sector. The metal process, where you don’t normally find a lot of big winners in the market.
SPEAKER 03 :
But that’s where it is.
SPEAKER 04 :
You don’t find an investment from NVIDIA, right? No. Yeah, NVIDIA used to be a pretty boring company, to be honest with you. It was just graphic cards, okay? So this stock is rocketing. And now this advanced cooling systems… We’ve talked about this before. We own some air conditioning stocks that are also involved in cooling of these chips, cooling of these data centers. And that’s what this company is going to do. They’ve assembled a team of specialists to focus exclusively on NVIDIA’s liquid cooling system. Well, that’s a pretty good contract to get. you wonder why nvidia would choose a company that just went public i’m sure nvidia is an investor in this company somebody knew someone to get this contract with nvidia and they say that this pact with nvidia marks a significant moment in the company’s growth strategy zjk says it expects its expansion into sub assembly and assembly manufacturing to enhance technical capabilities and distinguish itself from its competitors. It almost sounds like it’s getting into super microcomputers turf a little bit, SMCI. So anyways, there’s your worst stock. Now, what I’ve noticed, early in the morning, this thing was up 500%. I don’t know if you could get stock to short at that point in time, but these things always settle down throughout the day, and usually they’re down the next day. And then they do a secondary offering, right? Let’s float some more shares.
SPEAKER 03 :
Yeah, you’re going to raise more money, float some more shares at that price, right?
SPEAKER 04 :
But it is interesting to watch, and sometimes from these humble starts with a partner like this, it’s definitely one that you want to put on your radar, right? You don’t want to just ignore it. So I did add it to the app today. And it has a fair chance going forward and an opportunity to end up in one of our portfolios, even if it’s our incubator portfolio. But for now, it’s just kind of fun to watch. Okay, there’s another one here, too, that reported earnings. Now, I’ve had this one on my radar for a while. This is what they’re not talking about on CNBC, Barry, I doubt it. Well, we’ll see. I don’t know. Credo Tech Group. which I’ve been watching. You know, I like the description of their company. They have high-speed connectivity solutions to break bandwidth barriers. Well, bandwidth is a big deal. It’s not as big a deal as it once was. I remember when the Internet was in the early stages, bandwidth. You know, someone in another room could be using up the bandwidth of the family. Right. Okay. And I remember seeing a guy standing on the corner, we’ll work for bandwidth. at one time that’s how big bandwidth was but anyways credo is not chinese it’s uh headquartered in the cayman islands of all places i don’t know where they physically do the work but the company is registered in the cayman islands which is a beautiful place i’m sure there’s some hedge fund managers that have a little place on the beach down in the cayman island this stock is up 40 percent today to $11.2 billion, and I’m just looking at their last three quarters of earnings. Earnings up 275%, earnings up 233%, and earnings up 600%. So they’ve had three phenomenal, and they reported yesterday, Their sales were up 64%. Their earnings were up 600%. And they’re calling this an AI beneficiary. Okay, that’s another. You want your company to be used in the same sentence as AI beneficiary. And boom, up goes the stock. UBS favors Decker’s Outdoor. Wolverine Worldwide, TJ Maxx, and Onan, O-N-O-N. And I would agree with, except for Worldwide, Wolverine, they’re work shoes, aren’t they? Boots. But it has been a good stock. TJ Maxx has definitely been a good stock. It’s been going the opposite way of… of Target and Kohl’s, et cetera. And Decker’s was the stock of the day yesterday. Decker’s broke out to a new all-time high. This is one of the great stocks of all time. UBS says that Hoka is one of the world’s fastest-growing footwear brands. Finally getting on board. Can you believe this? Nike who? Nike. Now, they’re talking about Nike on the big channels. We forecast Nike’s in the Dow, delivering a 21% per year, five-year sales growth. We told you about Hoka a long time ago. And Hoka continues to run laps around Nike. And again, the stock broke out. Now, there’s another one. There’s a Switzerland company that’s also doing very well on Hoka. On is one of the world’s fastest growing athletic wear brands. Now, in my day, when I was on the track team back in the day at Point Loma High School, it was either Pumas or Adidas. Those were the two that we all wore. Nike kind of came along a little bit later. Well, no, we wore Nikes, too. I had some Nike Bananas. They were yellow with black flourishes. You couldn’t miss me. You know, on the track field with my bananas. They got stolen out of my locker eventually.
SPEAKER 03 :
Those might be worth some money nowadays.
SPEAKER 04 :
We special ordered those bananas. Okay, so anyways, those are some good. Well, look at the year-to-date performance. This has not been a good sector. Retail, Deckers is up 81% year-to-date. Believe it or not, Wolverine World is up 164% year-to-date. TJ Maxx is up 35%. And Onon, O-N-O-N, which is out of Switzerland, they also make athletic shoes.
SPEAKER 03 :
Yeah, that’s the On Cloud. The other, to me, kind of the competitor to Hoka, actually.
SPEAKER 04 :
Absolutely. It’s up 117% so far this year. And by contrast, okay, Nike, which recently they fired their CEO who came from ServiceNow. Let’s just take a look and see. We can look that up in the beststocksnowapp.com. We’ve got Nike shoes. We’ve got one other event taking place in the world, too, that we’ve got to mention when we come back. You’ve got South Korea declaring martial law. And their stock market is reeling right now. But at the same time, we’ve got Nike, which is up over the last 12 months, down 27%. That’s why we call it Best Stocks Now. We’ll be right back.
SPEAKER 05 :
Go where you want to go.
SPEAKER 1 :
Do what you want to do.
SPEAKER 05 :
Do whatever you want to do. Go where you want to go. Do what you want to do.
SPEAKER 04 :
And welcome back here to the final segment of today’s Best Docs Now show. And I see that the Korean market, South Korean market, is down 3.6% right now. It’s down 13.5% year-to-date. It’s had a rough year. And, you know, there’s a theme around the world right now, Barry, hate and division, right? People at each other’s throats and political parties, whether it’s France… Whether it’s South Korea, which right now has special forces soldiers inside the National Assembly building. And, of course, the ceasefire in Israel didn’t last very long. They’re back at it, Israel and Lebanon. And now you’ve got, you know, the chaos taking place up in Kosovo and Bosnia and other areas that have experienced chaos. A lot of division. There’s the word I’m looking for. There’s the word I see around the world right now is division.
SPEAKER 03 :
Yeah, and I think as far as I know, reading the – it looks like I guess the opposition party was able to block a lot of stuff. And so I guess eventually got tired of the blocking and just said – invoked martial law, I guess, to put through whatever –
SPEAKER 04 :
uh policies uh that they were looking to get through so uh well martial law is the oldest trick in the books right i mean they used to declare it in the philippines under marcos like every other week they’d be under martial law or maybe his whole regime so that presidential pardons right yes and as a as a as an investor okay i have to One of my jobs is to worry and look out for anything that could upset the apple cart, which has been going in the right direction now for a long time. But chaos and division is not good for the world’s economies because they have to spend their money and their attention in other areas. So that’s not a good development there in South Korea right now. Okay, one other. Let’s see. I wanted to talk about one other one. You know, this stock has been amazing, and it goes along with the subject of division. One of the best-performing stocks in the market this year is a company that used to be named Taser, and they changed their name to Axon Enterprises. You can look it up in the app. Now, I own it in my incubator account. I didn’t really feel comfortable. Well, you know, the other thing that they’re known for is body cameras. Which now, you know, you’ve got, that’s become a big thing. Israeli soldiers are all equipped with body cameras on their helmet. They record everything. And Axon, which is the old Taser, A-X-O-N, has been a tremendous, it’s definitely has been a disruptor. to lethal weapons, to, you know, stunning people. Don’t tase me, bro. I remember that video, the guy being tased. It was in the White House, I think, or in the Senate building. He was yelling out, don’t tase me, bro. I guess they’ve got to give you a little bit of a jolt if you get one of those in your ribs. But anyways, Axon, I just want to give you the… It’s being upgraded today at Morgan Stanley. You know… This stock started taking off years ago. And now Morgan Stanley, now that it has just gone gangbusters, is one of the biggest winners in the market this year. It’s up 146%. Over the last 12 months, Morgan Stanley is going to step in and upgrade it on its artificial intelligence growth outlook. It just shows you how sleepy these big firms are. And if you ranked Taser, Axon, Over the last 10 years, it’s probably in the top 10 of all stocks. It’s delivered 40% per year returns. Over the last five years, 54%. And over the last three years, 52%. And this comes after we talk about all the division that is out there in the world right now. You know, the thing is, too, it’s mostly internal division. barry it’s countries one it’s not country against country it’s more uh the state against itself the two sides against itself seems to be a big uh a big theme out there right now okay well you know if you’re looking for someone to guide you through uh the markets uh during times like this i’m here every day in my uh In the war room, watching things going on on TV and stock charts and the market, etc. Everything’s intertwined. Yes, it’s all intertwined. The momentum is still good for the markets. The valuation is quite high, which doesn’t leave much room for… division for gdp’s dropping and we’ve seen that we’re seeing that in europe right now big time it’s kind of worrisome and then of course today you’ve got the news that the french government by the end of the week they got to kind of go back to the drawing board they really don’t have a leader right now in france and two sides are going at it all these countries seem to be divided down the middle like 49 to 51 seems to be the uh the ratio that’s taking place Well, we’re united here at Gundersen Capital trying to bring you good service, trying to find the best, trying to stay on top of things in a very, very active world that’s only going to get more active as we go forward. And then you’ve got, of course, the tariff threats that are out there and division amongst us and trading partners, etc. Everybody jockeying for position here. trying to impose their will on others, it seems like, in a lot of cases. Well, we still see a favorable market for now. The S&P 500, 6,500 is the consensus estimate. But as you can see, by breaking news around the world, that’s fragile. It’s very, very fragile, and it can change very, very quickly. And yet most firms in our business stay the course, come thick or thin, and that’s proven to be a pretty good strategy over time. But sometimes, you know, big things come along, like 80% sell-offs in the NASDAQ in the year 2001 and 53% sell-offs in the S&P 500 right during the financial crisis of 2008-2009. Well, Black Friday, Cyber Monday, we’re still offering the four free weeks to get an education, a master class. And I’ve already sent out several notifications today since we started this morning. And there will be several more coming as I observe the market throughout the day. Go to GundersenCapital.com to get situated with us. If you’re with one of those big firms and you’re sitting there in a lot of dull stocks that time has passed by, we don’t make any promises, but we’re going to try to keep you in the vibrant areas of the market at any given point in time. Give us a call. Set up an appointment with us at 855-611-BEST. 855-611-BEST. Have a great day, everybody.
SPEAKER 02 :
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.
