Join professional money manager Bill Gunderson and chartered financial analyst Barry Kite as they dive into the latest market turmoil triggered by geopolitical tensions. With global conflicts impacting everything from South Korean ETFs to oil and natural gas prices, today’s ‘Best Stocks Now’ show provides a comprehensive overview of the volatile financial landscape and how it impacts your investments. Discover why Bitcoin is the unexpected star of the day and why gold, contrary to expectations, is seeing a decline amidst the chaos.
00:38:04 Future Outlook in the Semiconductor Industry
SPEAKER 03 :
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 04 :
And welcome to the Tuesday, Bloody Tuesday 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 is working today? Cash, inverse funds, and that’s about it. The Dow is down 1,081 points. It deepens, let’s just say. It gets a little more complicated over there in the Middle East. And it’s really hitting Europe and South Korea today with the rising natural gas prices. The Dow is down 2.2%. The NASDAQ is down 2.1%, 22,270. And the S&P is down 2.14% to 6,734. The Russell 2000 is down 3.4%. And if you’re really looking at the risk assets, The chips are all down 5% to 6% today, the semiconductors, and the South Korea semiconductors are down 12% today. That’s that ETF, that South Korean ETF. And the oil stocks, surprisingly, are not up today, even though oil, oh, the gold stocks are all down about 8% today also. And the Bitcoin is up just a little bit. Crude oil is up 7.6%. So welcome to today’s Best Stocks Now show on this Tuesday, bloody Tuesday, Barry. What has changed between yesterday, which actually the market did okay yesterday. We were up yesterday. Had a decent day. I think here’s what I’m seeing. The Straits of Hormuz. Okay, let’s start there. The shipping rates are now $200,000 per day to rent a ship to get through anywhere. Container ships. You’ve got, I don’t know, 700 ships backed up or something, mostly container ships. The price of natural gas is soaring in Europe. And, you know, that may be the end. Europe’s had a big rally over the last 18 months or so, outperforming the U.S. markets. But the fallout from this, especially in a continent that is not oil independent, they’re dependent. And first they were dependent on Russia, which wasn’t very smart. And then, of course, the big move towards green energy and everything hasn’t helped them. So they’re seeing big spikes in energy prices. And, of course, that could kick in inflation once again. Right.
SPEAKER 01 :
And the other tricky thing that throws me off is seeing gold down 5%, right? Because it’s – I mean, in this sense, I’m looking at yesterday, like you said, the markets were much more resilient kind of than we would have expected if you told us we were going to essentially a war with Iran, right? And so – Today, it looks more like I would have expected yesterday to look. The difference is gold being down 5%. So if it was a worry in terms of heightened geopolitical risk, you would usually at least have gold. Yeah, and inflation, too.
SPEAKER 04 :
Inflation risk, too. You would think gold would be up, but it must be just kind of a risk-off kind of a thing. There’s also a spike in interest rates today. The 10-year is shooting up to 4.11%. And the one that’s defying the risk-off mood today is Bitcoin. It’s actually up a little bit, $400, but it’s clear down at $66,778. And, you know, we’ve had a few grumblings, not a lot, just a few customers grumbling about why am I in so much cash. Well, you know what? Bill is not dumb. Bill does things that he sees and sees happening in the future. And they’re probably, you know what, now we’ll start getting grumblings about why am I so heavily invested. Well, we’re about 50% in cash. I mean, that’s the crux of the matter.
SPEAKER 01 :
Yeah.
SPEAKER 04 :
And we have three inverse hedges. One on the NASDAQ, one on the financials, and one on good old Kathy down in Florida. I’m sure she’s not going to do too well if this thing… And I think the other thing is, Barry… People were pricing in kind of a walk in the park in Iran like we had the first time around. It was a couple days and then we were out and they spent the rest of the time licking their wounds over there and rebuilding. They’re nuclear. I mean, don’t they learn? They went right back to enriching uranium, and they’re just hell-bent on getting a nuclear weapon so that they can brag like the guy in North Korea who all of a sudden is sounding off about his nuclear capabilities and his long-range missiles, by the way, which can hit America. uh good old uh and we also had a warning while i was in california they had a nuclear warning not an idiot one but one in the future that uh china which is much bigger threat to uh california than it is to south carolina maybe that’s the reason i’m in south carolina i don’t know that and the taxes But anyways, they’ve developed submarines that can hit California with nuclear weapons, and we don’t really have a deterrent right now. Let’s get Raytheon on the case there and see what they can figure out there. So anyways, wow, it’s a world in turmoil. There’s no question about that. And it’s not a walk in the park. And there’s some wild cards out there, Barry, that you have to weigh in. And I think that’s what the market’s doing today. It’s kind of really looking at the what-ifs.
SPEAKER 01 :
Yeah, it was pretty complacent yesterday. Yeah. Even in the morning, we were down, you know, even in the morning when futures were right, we were only down, you know, about 1%, which is a blip on the chart in terms of a war breaking out across the globe. And we finished positive.
SPEAKER 04 :
Yeah, and it finished positive. I’m not saying it’s going to finish positive today. I just think that today it’s weighing. The market is a weighing machine. And today it’s weighing the what-ifs. And I think there’s a few new words or phrases that have entered into the conversation. One would be dragging on. What if this drags on? That would not be good for Trump. In fact, there’s already grumbling about, oh, we thought this was only going to last a couple of days or a week. And now they’re wanting a timeline of how long this is going to drag on. And he’s not giving a timeline. On the other side of the coin, Hexeth is saying, and Rubio really is emphasizing, this is not going to drag on. But right now we’re in that vortex. where it looks like it could drag on. And Iran does still have some mass, not weapons of mass destruction. We never accused them of that, but developing weapons of mass destruction.
SPEAKER 01 :
Well, they’ve got the benefit of quantity, not quality, right? Yes. So they’ve got a bunch of ballistic, particularly short-range ballistic missiles that they can shoot. The problem is, where I see is us… Using a lot of our Patriot missiles and shooting down these things, we’re going through some armaments. I keep hearing grumblings, whether it’s true or not. Obviously, the military knows better than us. Be nice to make your enemies think you don’t have these things sometimes. But, you know, we’re going to have to, wherever these missiles are coming from, whether it’s RTX or some other companies, we’re going to, you know, we need to replenish these things pretty quickly.
SPEAKER 04 :
Yes, and the defense stocks are the other area that’s working right now. Lockheed Martin, Northrop Grumman, and, of course, Raytheon probably the number one.
SPEAKER 01 :
I saw AVAV, I think, got a contract just today, I think, with the Space Force.
SPEAKER 04 :
That thing was up 20% yesterday, and then it was down 20% by the end of the day. I think I’ll just stay away from that one, but it is the number one. you know northrop grumman and those they make drones too so does lockheed martin but avav obviously is the pure drone play i guess you could call it the fog of war and you’re getting some grumblings from around the world spain is very much going against the trend here of people uh happy with what we’re doing not happy but it’s kind of a necessary thing to to keep them from getting a… Are you glad they don’t have a nuclear weapon right now? I mean, can you imagine that regime, which doesn’t exist anymore, with a nuclear weapon? At least Kim Jong-un stays constrained and just uses his nuclear weapons as talking points and as bargaining sticks when he wants something, right?
SPEAKER 01 :
Yeah, and Iran, I mean, they could… Europe, I mean, is kind of… They kind of sit back and… you know, want to judge from afar. But, I mean, those short-range, those missiles aren’t making it here to the U.S. Imminent threat. They would make it to Europe way before they make it to the U.S.
SPEAKER 04 :
Imminent threat. And Europe, for the most part, is applausing what is going on. The U.K., not so much. And Spain is adamantly against what Trump is doing in Iran right now. More on that when we come back. And welcome back here to the second quarter of today’s Best Stocks Now show. Well, you take it one day at a time, and you take it one stock at a time. And there may be some more selling here today. I think, you know, if you look back, Barry, taking those fast profits…
SPEAKER 01 :
a few weeks back was a pretty wise thing to do feels good feels good looking back on it i mean you know and and there’s nothing wrong with having a little dry powder in this environment you’ve got some you know we’ve got some um you know you’ve got some cash to either be more defensive with or potentially to create some you know some opportunities created so
SPEAKER 04 :
Yeah, and did we get a few grumblings? Not a lot. I mean, look, like one-tenth of one percent of our client base grumbling about, can you please explain to me why so much of my portfolio is in cash? And somebody at the Houston workshop also, you know, complained a little, or questioned us a little bit, the wisdom of that. How come you’re not all in with your pedal to the metal right now? Well, because there’s a few things going on in the world. Let’s not forget South America, okay? You’ve got the drug lord. You’ve got El Mencho now dead. You’ve got Maduro in prison.
SPEAKER 01 :
Yeah, I mean, the global map is changing pretty quickly.
SPEAKER 04 :
Yes, and I think Cuba is, you know, in play big time about maybe a political change in Cuba. So you’ve got a lot going on right now. And I think the word at the moment, if I were to pick one word that probably sends a chill down everybody’s spine more than any other word, would be nuclear. And when we were meeting with someone in Houston, he knows his Bible, and he said, you know, Bill, you know what the word wormwood means? Yes, I do very much. Wormwood is a very bitter herb. And Wormwood is the word described about a third of the water at some point in time turns bitter. And I think nothing more would explain that phenomenon than nuclear fallout. So anyways, look, it’s all something that’s out there right now, and it’s leading to kind of a bloody Tuesday here. Supertanker ranks surge to record highs as Iran hits at least seven ships. Why me not to go trolling through the Straits of Hormones right now?
SPEAKER 01 :
Not anytime soon.
SPEAKER 04 :
Dragging some feathers behind my world cat, trying to pick up some tuna or mackerel along the way. Not only are the waters off Venezuela not safe, you know, even the western Pacific definitely not safe with what’s going on down south of the border. And the rate for very large crude carriers, which can carry 2 million barrels of crude or more, do the math on that. Golly. Yes, climbed to $424,000 a day. So what does that do to the price of crude? Well, it’s up 8%. It’s over $80 per barrel. And for the first time in a long, long time, gasoline is above $3 per gallon nationally. And, of course, Californians would give anything to have $3 gas. I mean, they’re up around $6 per gallon.
SPEAKER 01 :
The interesting thing is I was thinking if this plays out, you know, over a longer period of time, certainly, you know, Europe is in the position to end up worse here in terms of Brent crude prices and obviously the wickified natural gas elevated that they’re paying. For us, oddly enough, we could get some more thick crude from Venezuela and bring it to our client in Louisiana and let him refine it at a pretty good price.
SPEAKER 04 :
We got a pretty good education there on the refinery industry, which is printing profits right now. Buying the tanker stocks at this point in time. You’re probably seeing the highest price right now in the tanker stocks that you’re going to see. It’s not good to buy at the top. More than 10% of the global container fleet. Now that’s different from tankers. Those are the ones that come in here to Portland or into the port of Charleston and many other ports. Container ships account for – and I didn’t realize Houston was a port. You know, I haven’t spent a lot of time in Houston. But it’s a port, too. We sure enjoyed our trip there. Can’t wait to go back.
SPEAKER 01 :
Learned a lot.
SPEAKER 04 :
Yes, container ships account for 100 of the 750 ships backed up around the Straits of Hormuz. Shipping stocks like Maersk and Hapag-Loy are sharply higher, reflecting the potential for a significant increase in shipping rates. Well, you’re probably seeing about as high as you can get right now. And that word nuclear, here’s another nuclear story. France is going to build more nuclear weapons. They’re going to boost their nuclear stockpile, and they unveiled an advanced deterrence strategy for Europe. Well, you know, look, I mean, Europe is under threat from Russia. Europe, of course, Ukraine right there on the border of Poland. Europe is under threat from the Middle East. If they participate in any way, and some of them have to some extent, But look at what Iran is doing to its neighbors that have participated. And that’s one of the reasons why liquid natural gas prices are exploding to the upside is because some of the Middle East countries
SPEAKER 01 :
uh are shut down right now uh with their liquid natural gas right yeah you had qatari yeah there was i think there was any i think there was an i don’t know if there’s an attack on a refiner is there an attack in the area they shut that um they shut that natural gas uh liquefied natural gas plant down um and uh in in some of these gulf states uh also you know who have been under attack or are have said that these attacks aren’t going to go unmatched. So you’ve got Qatar and some other places that are likely, or if they haven’t already, likely to retaliate against Iran.
SPEAKER 04 :
Yes, exactly. And Saudi Arabia, I think they’ve participated to some extent. And I think you’ve had some strikes against Iran from their Arab neighbors. The two biggest opponents, not proponents, opponents, Spain, number one. They’re criticizing the U.S. and military action in Iran. And I would also say Schiff, Adam Schiff. I saw an interview with him. Of course, California Senator Schiff. He says there was absolutely no reason. It’s totally unjustified to attack Iran, that they pose no imminent threat. He’s been known to be wrong about quite a few things over the past several years, too.
SPEAKER 01 :
I mean, can’t we all agree that it’s been essentially 46 years and maybe beyond of which that they’ve been an imminent threat? Yes. They’ve you know, I mean, we’ve we’ve been responsible for attacks, not just on Americans, on all sorts of people, all shapes and sizes for a long period of time. And just to sit there and say that, you know, that there’s no threat to me is just they just don’t like the president administration.
SPEAKER 04 :
Yes. OK, when we come back, we’ll look at a little bit more of the tentacles. Which have extended to the chip sector, which you would think is pretty immune from all of this. But no, the chip sector is getting taken to the cleaners, especially the South Korean chip stocks. More on that when we come 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. Thank you.
SPEAKER 07 :
Because there’s something in the air
SPEAKER 04 :
Yes, and there is definitely something in the air right now, a lot floating around. The dollar’s up today. The VIX is up 28%. That’s the volatility index. The S&P is down 2.3. You know, look, I mean, on the overall scale of things, 2.3 is not that much. But there’s certain areas of the S&P, the chip stocks, which we’re going to get to next, And the real risk on stuff, so the Russell 2000 is down 3.7%. That’s really more indicative of where AI and where the chips. And the one that’s really surprisingly getting hit hard today are the gold stocks.
SPEAKER 01 :
Yeah, looking deeper into that, I think you hit the nail on the head with the dollar going up and interest rates going up. That actually works against the dollar. I mean, it works against gold. So that’s probably what the driver is. When I was looking at it, just looking at the indices itself, it’s like that doesn’t compute. You mentioned the dollar. That’s where it’s at.
SPEAKER 04 :
Yes, the dollar is having a big impact and the rise in interest rates.
SPEAKER 01 :
Yeah, we’re at 4. You said 4.11. We were just under 4.
SPEAKER 1 :
3.96?
SPEAKER 04 :
Yeah, right. So we’re up 16 basis points since this all started. And surprisingly, the oil stocks, even though oil is up 8%, I guess that was already built into the oil stocks. Because I’m looking at BP today, it’s down 1%. You would think it would be breaking out to a new all-time high today. Chevron did break out to a new all-time high yesterday, but it’s down just a hair. And ExxonMobil, which is probably one of the most widely held oil stocks, It’s down 1.6% after breaking out to a new all-time high yesterday. Exxon’s at $632 billion now. Will it become the first trillion dollar? Well, you have a trillion dollar in… I guess Aramco.
SPEAKER 01 :
Aramco. Yes, Saudi Aramco, but…
SPEAKER 04 :
And I do believe there is a Saudi ETF, and I’m going to look into that today, because you cannot buy Aramco. you know the stock but you could buy it through a saudi etf which there might be one or two out there which means leads me to my next discussion why are the chip stocks getting hit in south korea that south korea etf is uh kind of back a little bit below now where we bought it we had a big gain in it now we’re just a little below where we bought it at three or four yes south
SPEAKER 01 :
Yeah, with South Korean markets being down, I think, 7% today as a whole.
SPEAKER 04 :
And they’re dependent. So here’s the deal. Countries that are dependent on importing oil and getting oil to them, they’re getting hit hard today. And South Korea is one of those. And, of course, Europe is another one. I’m going to look up the European index right now. Europe is down 4.7%. It is plunging today. And as I said, you know, up until yesterday, Europe has been on a roll. It way outperformed U.S. stocks yesterday. Or, I mean, not yesterday. Over the last 18 months or so, Europe has been killing it, right? And the emerging markets have been killing it because of South Korea. And the other one that’s taking it on the chin here is China is really taking it on the chin today. Of course, they’re dependent on oil coming in. It’s down 3.8% today. That’s where China is right now.
SPEAKER 01 :
So anyways… I was talking about that with the client this morning. You’ve got to remember, China has lost basically two of their… sources of cheap oil, right, embargoed oil. Venezuela could, you know, they were buying Venezuela crude well underneath the market price of oil, and they were doing the same thing from Iran. And Russia. Yeah, well, they still have that.
SPEAKER 04 :
Maybe they’re totally dependent on Russia now.
SPEAKER 01 :
Maybe, I don’t know. Right. I mean, it’s interesting. I mean, it’s really a shakeup of the entire global kind of energy supply potentially.
SPEAKER 04 :
Now, I’m just going to mention a couple other inverse hedges here. Number one, EUM is inverse the emerging markets. And the emerging markets are pretty much dependent on Foreign oil coming in. EUM is up 7.2% today. That thing’s not even leveraged. So that means that the emerging markets, VWO, are down. Well, I show it down 5.2%. But the inverse emerging market, EUM, is up 7.2%. I’m going to mention another one, EEV. You’re going to get an education. On the podcast, I say it’s the Best Stocks Now and Best Inverse Funds Now show because we do believe in using these inverse funds from time to time. EEV is twice, twice effective. Double your pleasure, double your fun with double mint chewing gum. That was an old one before your time, but it was during my time. EEV is double inverse the emerging markets, and it’s up 14.4%. Now, if that was a stock, you would say, gee, here’s a stock that’s doing well on a down day in the market. I want some of that. And as soon as you mention the word inverse, people kind of cringe and like, oh, I don’t know about that. You know what? To me, it’s a more solid investment than crypto is. It’s a more solid investment than crypto. than the test tube gene editing is and things like that.
SPEAKER 01 :
Well, and it’s a hedge. It allows you, you know, the other thing is it allows you maybe not to part ways with the couple of names that you like because we’re offsetting that market risk using an inverse name. Yes. The trick about those inverses is not looking at it in a vacuum as a single position. It’s You know, it’s offering, right, insurance or protection to the remainder of the portfolio in some form or fashion.
SPEAKER 04 :
And the other thing I would say is a lot of people, they don’t have any problem with being long the market, which has a lot of risk, obviously. You have market risk. But when you mention being short the market, they can’t somehow wrap their arms around that. It’s all it is. I guess when you go to play dice, you can bet on somebody’s going to hit the number and pass, or you could bet on the don’t pass line that they’re not going to hit the number or whatnot. Uh, and, uh, you know, I mean, people do this all the time and hedging in the market. What do you think a hedge fund is? Why do you think they call it a hedge fund? Now I can just tell you the tentacles here. Uh, it spreads to the airlines, rising gasoline prices, uh, which may only be rising for a month or two, right? This could be transitory. I think it’s transitory because we have capacity.
SPEAKER 01 :
Well, and at some point, we’ve done this in the past. I mean, if we need to, we’ve escorted ships through the Strait of Hermos before in history. So we’ve got plenty of ships over there. If we need to escort them through at some point, once we kind of feel we’ve gotten rid of the Navy there, then… It could open it up even if tensions aren’t completely over there.
SPEAKER 04 :
Yes, and why do you think Carnival Cruise Lines is down 6.3%? What do you think Carnival Cruise Lines? Their biggest cost is crab legs and fuel, right? Snow crab from Alaska, food.
SPEAKER 1 :
Yeah.
SPEAKER 01 :
And then airlines are taking it from two sides. One is fuel prices right up, and then number two is some disruption in some of their destinations.
SPEAKER 04 :
Yes. I mean, who’s going to fly to Mexico right now for a vacation? So you’re seeing a lot of tentacles right now. which are impacting the global economy. And, you know, they’re not all coming from Iran. You know, you had the killing of El Mencho, who was the… He replaced El Chapo as the number one killer and drug kingpin down there. And the retaliation there. And you’ve got… Well, you had an event here in Austin where… That would seem to be related to Iran. Iran, how many more are out there like that? So all of these things are being taken into account today in this market. And the reason the chip stocks are down is because oil prices are up. And South Korea, is that going to drive up the price of these memory chips even more? But, you know, when something is way elevated, eventually you’re going to have like silver that day. Remember it went down 28%? Well, it comes storming back. And I don’t think Korea’s done either. We’ll be right back.
SPEAKER 06 :
On a winter’s day.
SPEAKER 04 :
and welcome back here to the final segment of today’s best stocks now best inverse funds now uh you know europe is really taking it on the chin and there is a an inverse europe And, you know, Europe could be in trouble for a while until those shipping rates come down, until the liquid natural gas starts flowing once again to power everything in Europe. But this is not a COVID event, okay? But I think it’ll be quicker, okay? But there’s a lot of unknowns, and that’s what the market is weighing today. What if this happens or what if that happens? I think the biggest issue is what if this becomes a long, drawn-out type of event, which we are being assured that it will not be. I think it’s too early to tell. But I think to just assume that this was going to be a couple weeks and everything would get back to normal, I think that was also wishful thinking, right? And so we take it a day at a time. We entered into this conflict with about a 50% cash holding. And an inverse fund on the NASDAQ. An inverse against the financials. An inverse against Cathie Wood. And they’re all doing very well today. A day like today, you wish you were all inverse, right, Barry? But you don’t want to be all inverse on the day the market goes up 800. Well, right.
SPEAKER 01 :
Yeah, I mean, it’s one of these things where, yeah, when you’re on the inverse side, right, it’s, of course, you’re in those names. The idea is to reduce volatility. And, of course, once you start getting a sustainable recovery, right, in the indices, well, then, of course, that inverse begins to add to volatility. It’s not one of these things you just click and forget. Just like you do on the long side, you’ve got to manage the short side as well.
SPEAKER 04 :
Yes. Now, there is one other thing that we have not brought up here yet, and there is more news today on that. Blackstone will increase payouts to investors from its $82 billion private credit fund this quarter. How would you like to be invested in their $82 billion private credit fund? No thanks. Total repurchase request for the quarter, blah, blah, blah. They’re not liquid. That’s the problem. So now they’re going to let people take out 7% at a time, the maximum amount permitted without changing the terms of the repurchase offer. uh… but they invested into a feeder fund four hundred million dollars that will be used to meet all withdrawal request representing less than one percent of the blackstone private credit funds outstanding shares it’s just kind of like this is a mushroom this is uh… going to continue to get worse in my opinion And that’s one other prong of all of this is the pressure that that could apply to the financials. Apollo Group, I’m going to check in on that. They’re kind of, besides Blue Owl, I’m going to say that Apollo is number two. That thing is crashing. It’s down 35% in the last six weeks. Apollo is a major. This is a $60 billion company, Barry, out of New York. They’re a major asset manager, and a lot of their assets are in private equity assets. and credit-oriented capital. So they have 100% exposure to this area. And if that’s not enough, their CEO has to step down as the tentacles of Epstein. Who stepped down on that one?
SPEAKER 01 :
The CEO of Apollo Group. Oh, wow. Okay. Not Torsten Slott. He’s just the CFO, right?
SPEAKER 04 :
Actually, let’s see. Apollo Management is facing legal action over allegedly failing to disclose past communications of CEO Mark Rowan and former board chairman Leon Black. So I guess they’re not stepping down, but they’re seeing legal action because they didn’t disclose this. That’s not a good idea to not disclose.
SPEAKER 01 :
And the stock’s at a 52-week low right now. I mean, it’s at 99, just above $100, and the 52-week high is 157, so quite about a 33% or more haircut on that stock since 2019.
SPEAKER 04 :
you know really since uh you know since january 6th basically since the beginning of the year yeah year-to-date stocks down 29.5 percent and up until recently apollo said they had never done business with epstein and now we’re finding that that was untrue that defendants rowan and black among other leadership figures that you know that epstein guy man he was connected Some of the wealthiest, and right on up to Bill Gates, right on up to Bill Clinton, right? I mean, come on. And of course, he did know Trump, and Trump spent some time with him, but they have not found any wrongdoings by Trump. And, of course, Bill Clinton says he smoked, but he didn’t inhale, which I don’t know if I have much faith in what he has to say. But anyways, Mr. Black left the firm in 2021. But the CEO, I think, eventually is going to probably have to step down from all of this. Okay, the chip sector we talked about. In the meantime, there is good news, some. Akamai is buying thousands of NVIDIA chips. Thousands. How much are they per chip?
SPEAKER 1 :
$50,000?
SPEAKER 01 :
I think it’s at least $55,000, $60,000 at least. That’s the last time we heard the price.
SPEAKER 04 :
Yeah. Even though the chip stocks are under pressure today, NVIDIA is down just 2.9%. But the semiconductor ETF is down 4.7%. And, of course, the two South Korean stocks, they’re coming back now, but they’re still down 13%. I honestly don’t see the price of natural gas. I think you’ve got like a one-day sell-off wonder, which you saw that in silver. Several weeks ago, when silver was down 28% in one day, well, it came back and has been hitting new highs. Gold had that one-day sell-off that was gruesome. And I see this one-day sell-off in South Korea, at least as of today, if you’ve been looking to get into those two stocks, Samsung and SK Hynix. which are big players in the memory sector you know you might want to watch this pullback okay well we’re out of time on this bloody tuesday tuesday bloody tuesday if your money manager is frozen and doing nothing and saying stay the course i don’t like that strategy You can give us a call at 855-611-BEST. You can also get the newsletter. And if ever there was a time to be getting live trading alerts, it’s now. Go to GundersenCapital.com and get a free four-week trial. 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.
