In this episode, Bill Gunderson explores the impacts of tariffs and deregulations on major industry players like Tesla and Caterpillar. We delve into the consumer implications of these policies, discussing how tariffs can alter daily life and the global marketplace. Bill also touches on the shifting economic landscape with bold predictions and strategies for thriving amidst change. If you’re looking to stay ahead in the investing game, this episode offers valuable takeaways worth tuning in for.
SPEAKER 01 :
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 Wednesday, the post-election 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 analysts, and I just got to tell you, I mean, the indexes are up big, but when you look under the surface, it’s a few stocks, really. Any stock that, you know, is tariffs, would buy big tariffs and different policies, the financials, et cetera, the big banks, less regulation, et cetera. The Dow is up 1246. But you look underneath, it’s Goldman Sachs, it’s JP Morgan, it’s other companies like that, Caterpillar. We don’t have a lot of exposure. We are having a good day, but not as good as the indexes would suggest. The Dow is at 43,468. I want to say that’s a new all-time high. Meanwhile, the S&P is up 97 points, 5,880. That is a new high, and once again, it’s really the stocks that would benefit from us being more uh a closed economy right and hitting the uh the imports very hard with tariffs protectionism is the word the nasdaq is up 333 i think tech probably uh is pretty buoyant here today but not the stocks you would expect tesla is the big winner in tech today huge winner and the nasdaq is hitting a new all-time high the small caps are up 3.9 they love the thoughts of less regulation i would assume and the bond market’s pretty quiet actually no it’s not yeah yes it is the bond market’s quiet here with the 10-year uh at uh no it’s up 18 basis points holy cow yeah 446 we’ll talk about that one so welcome to the best stocks now show with the professional money manager bill gunderson president of gunderson capital management I’ve been an observer, one of my favorite methodologies as an observer of life, as an observer of sports. As an observer of the markets, momentum is very important. Momentum is fleeting. It comes and goes. We all, as individuals, have momentum in various areas of our life, whether it’s spiritual momentum or taking care of our health momentum, creative momentum. It is fleeting. And the last message I sent out to our followers was, you know, like yesterday the market closed very optimistic. I said, I’m not quite sure what that tells us about the election, although the market has been favoring Trump for the last couple of weeks. But I said, from my vantage point, I see a lot more energy and enthusiasm on the Trump side versus the Harris side. That tells me a lot. I like momentum. It seems to me that he has it and she does not. Well, you know, it’s a truism whether it’s a stock. You know, we’ve got stocks that have lost all of their momentum all of a sudden. Sometimes we’re patient, hoping that they get it back. And sometimes you just have momentum for a long, long time. Look at the momentum in Palantir right now, et cetera. So momentum is a very important part of investing. It’s a very important part of viewing sports. How many times have you – well, I witnessed it this year, Barry. We had the Dodgers down two games to one. One more win, and we’re going to play Philadelphia, not the Dodgers. We would have probably ended up in the World Series. And all the wind came out of the Padres. The Starks came out of their shirts. They lost all their momentum. And on the other side, it happens in football all the time where there’s a huge swing of momentum. And I just noticed, you know, over the last several months, I mean, Trump has definitely had the momentum. And she’s tried to manufacture momentum. That’s another thing. You can’t manufacture momentum and you can’t deny momentum. I’ve seen Kramer many times trying to defend some stock that’s just lost all the starch out of its shirts. The momentum is gone. And, you know, he will not admit it. And, you know, I watched last night, I watched all the channels. And you could just tell that she had no momentum at all. And yet they’re trying to say, well, we still got this county coming up and we still have this guy. And you could just tell they were fighting a losing battle.
SPEAKER 03 :
Cherry picking along the way, it seemed like.
SPEAKER 04 :
And at the end of the day, not one county did she do better in than than than Biden did. And so the momentum just was not there yet. It’s hard to win without momentum, and you can’t manufacture momentum. It has to be the…
SPEAKER 03 :
the participants themselves that manufacture the momentum now having said that oh go ahead okay oh i was just saying the difference you know to go with the sports analogy you know the difference is you know a coach has a has a time out where you can you know yeah all the time out kind of slow slow some momentum uh you know in yeah real life right it’s uh you know we can’t call a time out while the market is uh you know while the market’s going right you can’t call time out in the middle of an election you only get those returns are coming in they’re
SPEAKER 04 :
coming in fast i mean it’s a gusher now i mean i give her credit i mean for coming as close as she did and uh you know she did call a few timeouts and regrouped and tried to change the message up but she just she never had the only momentum she ever had was right at the beginning you know and then it was all downhill from there but anyways it is what it is It’s a different investing world today. And I will say this, as I look underneath the surface of the market, if you own big U.S. companies that are being hurt by competition from imports, You’re doing very well today. Caterpillar’s doing very well. A lot of the big industrials are, well, Tesla, huge winner today because I don’t think they’re going to let those imports from China in for sure now. So the market, when you look underneath the surface of the market, it’s really being tainted by a few really big stocks. The big banks, anything that would benefit from less regulation, the financial is doing very well. But, you know, underneath the surface, like I say, unless you’re invested in those stocks, most of them are soggy stocks, to be honest with you.
SPEAKER 03 :
Right. I mean, just look at the Dow as a perfect example. I mean, you named them off. I mean, Goldman Sachs up over 10%. JP Morgan up over 8%.
SPEAKER 04 :
caterpillar over seven united health over six yeah intel over six and a half these are all soggy yeah a lot of those names you’re you’re likely not owning no what is this thing every dog has its day well you know every soggy has its day too and it is definitely a good day for soggy stocks it’s a decent day for leadership stocks, but I would expect the market to smooth out here in the coming days. This is a knee-jerk reaction. You could see it coming. The market over the last couple of weeks, the Trump trade was definitely there in gold, Bitcoin, anything that had less regulations. It was there in DJT was an excellent indicator, which is his stock. Last time I looked in the pre-market it was soaring. DJT is up, well now it’s up 9.4%. So see a lot of that, there’s that initial reaction and then it starts to get back to normal. And that’s what I would expect here.
SPEAKER 03 :
Tesla is up 12.3%. The volume on DJT since really, since basically that first week of October, it’s unbelievable.
SPEAKER 04 :
Yes, and look at Tesla trading 72 million shares. Tesla’s hitting 282. It’s up 12% today. As you know, there’s a good example of, well, he’s on the right side of the trade for sure. And once again, you know, I have never seen a guy. It’s time for Jim Cramer to hang it up. It really is. I have never seen a guy that has been so wrong for so long. And yet they parade him out there every day. Maybe I’m wrong. Maybe it’s just I don’t know. Maybe you’ve made money off of Jim Cramer.
SPEAKER 03 :
I think it’s just entertainment.
SPEAKER 04 :
You know, I mean, he called it totally wrong. He says, well, this is the last we’ll have to deal with Trump. He’s toast after tonight. And I don’t know how you could make that conclusion. And the other big loser today is the pollster in Iowa. I listened to her on Saturday or whatever.
SPEAKER 03 :
The Des Moines Register. Right, yeah.
SPEAKER 04 :
If they bring her back, you know, she was so wrong when all the polls had it right. I mean, he won Iowa easily, and she did this shock poll, shock poll on Sunday. He’s losing Iowa, and I mean, just so wrong. I like to follow people that are right. Whether I agree with what they’re saying or not, that shouldn’t matter, okay? I like people that have been right, okay? over the time i’ve always said choose your gurus wisely and uh you know in the market uh your pollsters i don’t care what it is uh follow those that have a history of being right and not wrong we’ll be right back hopefully we’ll have some right calls here for you today And welcome back here to the second quarter of today’s Best Docs Now show. Well, now we’ve got to look at the other side of the Trump trade that’s been going on for the last few weeks and is probably reaching a climax of some sort here today. The other side of this trade is the bond market. uh china and companies like home depot all right now what do i mean in the u.s dollar yeah yes okay so you have to look at tariffs themselves uh you know like okay i look over the years you know i lived in san diego we had a robust avocado industry okay but i was paying 350 for an avocado because uh you know water is pretty expensive that’s expensive land in california et cetera et cetera et cetera when they did NAFTA that allowed in mexican avocados and uh… you know our avocado lobby fought it like heck but at the end of the day they lost out and pretty soon we were getting inferior avocados but they were like ninety nine cents instead of three dollars and fifty cents well that’s good for the consumer but the other side of that is it wiped out pretty much the california avocado market it lowered the prices And we lost kind of an industry. But now go on to a bigger scale. Let’s just go to Home Depot. And all of the stuff that they bring in from China, you know, if we put big tariffs on all of that stuff, you, the consumer, are going to pay a lot more. And that’s why I would think the Fed’s going to back off now of lowering rates because now that’s inflationary. There’s no question about it. To bring that stuff back to America, you’d have to go through several years of pain in the economy. So that’s the tradeoff of all of this. It’s like Chainsaw, what’s his name down there in Argentina, taking a chainsaw. Well, 30,000 government workers are out of work, right? And if you’re going to say, look, we’re going to put a big tariff on barbecues or whatever it is that… Everything. I mean, you go through the Home Depot store, everything is made in China. That’s all you’ve got to do is drive by these freighters coming into our port here in Charleston.
SPEAKER 03 :
Your I Voted stickers are made in China.
SPEAKER 04 :
Okay, now, the flip side of that is we as a consumer pay a lower price. But, you know, Rust Belt, the Rust Belt in Michigan and in the Midwest that used to manufacture barbecues or whatever the case may be, they lose out, and ghost towns are left behind. Look at Pittsburgh. Look at the steel industry, which, by the way, is another area of the market. If you own a lot of steel stocks, God bless you. You’re having a huge day today. But they’ve been terrible. performers here in the past. So you know what? I think probably, I mean, Trump oversells something, overthreatens something, and comes in with something much softer. But he’s definitely put the warning out to all of you people that want to sell in the U.S., there’s going to be a price to have access to our markets. and that’s inflationary okay that’s inflationary uh but you know it’s part of the uh i guess suppose the make america great again is bringing back manufacturing and whatnot uh well are we competitive is our workforce competitive will prices go up well that that’s all things that you’re seeing here on the opposite side of the trade now look at china itself look at fxi It’s down 2.6%. China’s got to be really worried because they’re target number one, right? I mean, China’s going to be target number one. You’re going to have heavy tariffs if you want to, you know, take away our jobs. And so that’s all the tradeoff of this. There’s two sides to every slice of crap.
SPEAKER 03 :
And also derailed, I mean, you know, from certainly, you know, from the Trump economic perspective, also derailed, right, the first, you know, after the first two years of his presidency in terms of, you know, in terms of COVID and other things. Other items. I mean, he was already fighting with China from a tariff standpoint much earlier. Much earlier in his first four years.
SPEAKER 04 :
Now, the other part of this is Elon Musk coming in, which, you know, at least for the first time in my life in the last 20 years, I see kind of a little bit of hope. To balance the budget. Okay, but balancing the budget would be very, very painful. For several years, okay, because that means you’re cutting government spending. You’re reducing jobs, right? Absolutely. Now, when the pain is over, it might be worth it, but there would be some severe pain. You’ve got to do it gradually. Now, maybe Musk is going to take a chainsaw. I mean, he’s definitely going to play a part in all of this. And I think he would love to take a chainsaw. He wants to get rid of $2 trillion in spending out of the government budget.
SPEAKER 03 :
I mean, he puts rockets in the sky at a much cheaper cost than NASA was putting rockets in the sky.
SPEAKER 04 :
Well, I would say if there was ever a guy that could figure this out. If he can bring those booster rockets back and land them in the original launcher, maybe he can bring the budget back in and land them where they were like 20 years ago.
SPEAKER 03 :
Let’s get rid of the $3,000 toilet seat at a minimum.
SPEAKER 04 :
And the hammers that you hear about. Now, the other thing is you’ve got the Eurozone. Their fourth quarter economy, they’re in stagnation. That thing has slowed down. China’s economy is bad. You know, we could tip the rest of the world into a major recession, even a depression. So these are all things that have to be. Now, as an investment manager. Okay, I have to take all of this into account, okay? This changes. You know, I had a hunch this was going to happen. I thought it was going to be a little closer than it was, and I feared maybe some, you know, maybe an undecided thing for a couple of months. Yeah, getting drawn out. Just in case. And it still may be. I mean, they might, you know, who knows? The other side may not be happy. The losing side… and try to sabotage the economy. I don’t know. There’s a lot that will play out. But you’ve got a whole different playing field. The playing field just changed in a big way as far as, I mean, if you own companies that do a lot of business with China, Let’s just check on Apple here today. I’ve got to believe that Apple might be having it. No, Apple’s up a little bit. But the most notable one I see offhand is Home Depot is breaking down today on a day when the Dow was up over 1,000 points. Anyways, these are all prospects.
SPEAKER 03 :
What’s Walmart doing?
SPEAKER 04 :
You know, Walmart’s up a little bit because I think their grocery business and everything, a lot of it comes from the U.S., But anyways, and then, of course, the Fed is meeting today. They have a whole new agenda that they’ve got to think about. I think they’ll cut rates tomorrow by a quarter of a percent, but that may be the last rate cut you see for a while as they brace for possible tariffs today. And it is true. I mean, the company, Home Depot, does have to pass the higher prices onto us of the Chinese goods. So all of this is in play right now. It’s going to show up. That’s why I’m glad I look at 800 to 1,000 stocks every day. I’m going to see where the winners start landing and where the losers start heading. 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 :
And welcome back here to the second half of today’s Best Docs Now show.
SPEAKER 04 :
Winners and losers, the bank stocks up big today. on deregulation bets as Trump wins the US presidency. I look at BTO, which is an ETF, a banking ETF. It’s up 8.7%. So this outsized gain in the market, once again, I mean, it’s coming. If you are heavily loaded up in the banks, you’re having a very good day. You’ve lagged the market for the last several years, but you’re having a very good day on this kind of knee-jerk reaction.
SPEAKER 03 :
Yeah, the interesting thing is their balance sheets are actually, you know, their treasury holdings, right, are actually going down today because interest rates are going up. So it’s, you know, I was looking at some of the regional, you know, regional banks, one that I’ve been tracking, Regions Financial. Up 8%, but, you know, as treasury rates rise, especially on the long end of the curve, you know, that’s kind of one of those things that put Silicon Valley Bank out of business. Exactly. There’s a fine line between, you know, deregulation and… Absolutely.
SPEAKER 04 :
Now let’s go with the loser here, okay? My favorite writer at Seeking Alpha, just kidding, but… He makes me chuckle. He doubled down on agency again, which is a mortgage rate. It’s getting killed today. It’s getting clobbered. He had an article out yesterday. He says, collect money from your neighbors. Well, good luck collecting. With interest rates going up. So anything that’s interest rate sensitive today is just getting hammered. How many times have I warned about these high dividend payers that everybody was so enamored and loved with? You know what? They’re having a big, big come-to-Jesus moment, aren’t they? Because those things. Okay, so yesterday it was, what was the other one that that guy was recommending?
SPEAKER 03 :
It was O, right? Wasn’t it O? No, it was Aries Capital. Yeah.
SPEAKER 04 :
Yeah, ARCC. Okay, how’s he doing today? Hey, it’s up today. Well, okay, they’re in a different market because they deal with companies going public and whatnot. So, you know, I’ll tell you what, who else is having a good day are the private equity firms, which we do own some of. Look at Apollo today. On the back of a great day yesterday. That’s having a huge day today. So they feel like there’s going to be a heck of a, well, he’s the deal maker.
SPEAKER 03 :
What a deal activity.
SPEAKER 04 :
He wrote the book, The Art of the Deal. So any company that’s in the deal business is doing well. And you may have a jaded eye against the deal business, but that’s the fuel. I mean, that’s the fuel behind new inventions, new drugs, new technologies, AI. That’s the fuel, venture capital and deals.
SPEAKER 03 :
And it grows businesses, right? The other thing is you need capital for businesses to grow, right? And that’s the fuel for the next IPO, right, is coming out of the market.
SPEAKER 04 :
You see very few new breakthroughs in medicine and technology coming from Russia. Grayscale up big time. That’s Bitcoin, all right? He is a fan of Bitcoin, all right? NVIDIA retakes the world’s most valuable company. Now, I think tech is a beneficiary from this. I think Musk is going to have some say in there, and he does have some other tech guys in there. NVIDIA is now $3.5 trillion, $3.51 trillion. We said it would pass Apple. It’s already well ahead of Apple, and it’s going to blow on by Apple, and that’s happening. That’s taking place. Okay, then you’ve got some of the results from the propositions. For instance, Missouri allowed sports betting. Flutter’s having a good day. Florida voted down the marijuana, that there were two marijuana initiatives. They both were voted down. That continues to be a horrible place to invest. I remember when that was one of the hot. I got more questions on marijuana stocks maybe 10 years ago. I said avoid them like the plague. I hope you listen to me. Massachusetts, psychedelic legalization initiative poised to fail. Okay, I don’t want to be riding next to a guy that’s on psychedelic, some kind of pill. I just don’t want to be on the road with him. I’d be safer with a robo-taxi next to me. Tesla surges as Trump wins. Elon Musk hails voters clear the mandate. He wants Trump to have a… I got to believe that Musk had something to do. He’s got a pretty big platform. you know rogan came in at the last day or so he may have helped a little bit but i think musk helped quite a bit okay china’s a loser obviously uh let’s see how amazon is doing here today now what i noticed with amazon today is oh it’s breaking out that’s one of our biggest holdings amazon uh i don’t know why that would be okay i don’t know why that would be but it’s part of the We’re going to have a stronger, it takes a strong economy for Amazon. They must not sell a lot of Chinese products. Amazon’s new delivery drone is cleared for takeoff. Well, I’m still waiting for one to land on my front porch. It hasn’t happened yet. I guess it’s going to start in Phoenix. Now, I would be bullish on the oil stocks, but I think he’s going to drive down the price of energy. The other ones, the big moans you can hear today are China, and I would say the Middle East, the oil producers, because they’re going to have competition, I would think, from the U.S. Okay, let’s see what else. How is gold doing today? G-L-D. Not good. Not good. Gold is down 2.6% today. Okay.
SPEAKER 03 :
Yeah, and part of that certainly is interest rates going up, dollar strengthening today, which all else being equal, that’s going to reduce the price of gold. And so that’s kind of what we’ve got today.
SPEAKER 04 :
flying off yeah here’s a couple others nuclear energy looking very good i use gev as my proxy for the nuke stocks that’s that’s the blue chip of nukes ge vernova hitting a new high today now let’s look at first solar i can already tell you what the chart looks like without even looking at oh down 12.1 percent So, you know, the new renewable energy is, no question about it, it’s nuclear. And I see him greasing the skids for nuclear, and I see the people he’s bringing in being pro-nuclear. Now, we have some earnings. I’m kind of lost in all of this. Yes, there are some companies reporting earnings today. Let’s begin with NVO. That’s just a horrible chart on NVO. Novo Nordisk. I don’t know what the problem is. I really don’t. Now, we cut our exposure in half to NVO recently. Their sales are up 23%. Barry, there’s nothing wrong with that. This is a half a trillion dollar company. It was the number one stock by size in Europe for a while. But their earnings were only up 2%. What do you make of that? The only thing I can point to are these people that are selling the compounds.
SPEAKER 03 :
Well, and they’re working to expand production, right? So they certainly have some capex spend that they’re doing. I think the other thing that’s really kind of a headwind for them is the fact that they’re domiciled in European markets.
SPEAKER 04 :
Well, you would think we would favor Lilly here in the U.S. Okay. All right. But I think if you’re patient, there is plenty of demand for these weight loss drugs. And the biggest problem they’ve had here over the last quarter is keeping up with the demand. But Lilly, it has a good sales report, good sales growth, kind of like Burger King yesterday. Great sales growth, but the earnings are not growing yet. The disaster du jour having nothing to do with Trump is super microcomputer. Wow, what a disaster. It’s down 25% again today. You don’t want to mess around with your accounting. That’s a real lesson for them. And then you’ve got Exact Sciences, which is down, wow, 29%. That’s the non-invasive way of having a colonoscopy. They came up with that. And Celsius also, which was one of the hot growth stocks, I’m glad we bailed. We bailed up around 67, 65. Now it’s 28. 28. 28, down another 9.2% today.
SPEAKER 03 :
I was reading about energy drinks used on the campaign trail, and Celsius was actually a popular one. Celsius was a popular one on the Trump Republican side. Where are they headquartered?
SPEAKER 04 :
They’re headquartered in Boca Raton, Florida. I’m sure they’re shipping cases up there to Miralago. For the boys and the girls running the campaign. But it didn’t help the stock, and I’m glad. There’s another case where the momentum disappeared. I worry about Novo and Lilly. The momentum has disappeared. But to me, that demand is still there. So that’s kind of offsetting it. But I did cut half of my Novo. Okay, we’ll be right back. On a very exciting day, interesting day, a lot of depressed people today, a lot of happy people. We’ll be right back. And welcome back here to the final segment of today’s Best Docs Now show. Well, it appears that the House is still undecided. The Senate is decided. The Republicans have taken back the Senate and obviously the presidency. But the House is going to take a while. It comes down to some races in New York and California before that’s decided. I do see that the current Speaker of the House is bullish that they’ll keep… Then they would have all three. I mean, you’d have a heck of a mandate there. But at the same time, there’s a lot of seats that are still undecided too early to say. Now, I think you learn a lot here by looking at the winners and losers today, a lot. This is one of those days where we can’t say, hey, we have the biggest winners in the market, which we did a couple days, or yesterday, two days ago, when we had the Palantir and we had the other one, the other AI stock. Yes, and we had Apollo. But here’s the winners today, okay? Goldman Sachs is up 12.6%. And that would be deal-making. The market assumes there’s going to be a rebound, which deal-making has slowed down. So that’s going to help. Goldman Sachs has a large private equity arm. They are a huge deal-maker. And what else do they benefit from? Less regulation, those two things. Okay, number two, J.P. Morgan up 9.7%. Caterpillar, number three performer, up 7.5%. UnitedHealthcare. Now, something has to be done with the healthcare industry. And I’ve heard Trump say that he wants to make it better. He doesn’t want to get rid of what’s there now. He wants to make it better. But there are some big issues, and UnitedHealthcare is right at the center of that. United Healthcare is up 5.9% today. I don’t know why Intel is up 5.3%. Tech is really not doing as well at all. Big tech. It’s not big tech. It’s companies that it’s mostly the financials and the industrials today. Where’s the most regulation? Well, the credit card companies have a lot of regulation. So you have big gains from American Express, Visa. And Amazon’s the leading tech stock in the Dow, up 2.5%. On the downside in the Dow, okay, I don’t know why Boeing is down. I have a hard time. There might be individual news on Boeing. It’s actually breaking down. It’s barely holding that bottom that I said was in. Home Depot’s down 3.8%. I think that’s their connections to China. I think Nike has a lot of connections to China. They’re down 3.1%. I would say Coca-Cola’s down 3.1%. Fear of inflation. Inflation does not help. We’ve seen what it’s done to the fast food industry. Pfizer is down 2.8%. Procter & Gamble is down 2%. I’ve got to believe they get a lot of their ingredients and whatnot from China. McDonald’s is down 1.1%. Same reason there. They would be hurt by inflation. It’s really hurting these fast food. Now we go to the S&P. Why do you think Nucor is up 17%? That’s a steel stock, okay? Protectionism. Discovery Financial, credit card company. It’s a high interest rate credit card company. 16.6 up to the upside today. Synchrony, another one that is kind of a low people with bad credit go to Synchrony. That’s up 15.7. Capital One, same thing, up 12.9% today. Key Corp up 12.5%. Tesla up 12.5%. Well, I’ve got to believe he’s sitting in the catbird seat, Barry, from a world… You think? You know, he ought to offer a hybrid, and he ought to maybe get into the gasoline car market. He could dominate. The guy is… He’s a smart guy. What can I say? Zions Bank Corp up 12.2. Wells Fargo up 11.8. Now, we don’t own any of these stocks because these are pretty much soggy stocks. CVS is up 11 with maybe some help to our health care system. Morgan Stanley, a dealmaker, up 10.4%. Comerica. You’ve got to get clear down before you see like a momentum growth stock. Which, let’s not forget the growth stocks are being hurt by the big rise in interest rates today. Huge rise in interest rates today. I have to get down the first growth stock into it. Up 7.5%. Okay. We’re definitely going to have the tax policy is definitely going to be a little bit kinder to businesses and to individuals. than Harris’s tax policy would have been. Wow, I don’t even see a big tech stock. I’m way down the list. Now Palantir up 5.4%. That’s the best performer in the S&P 500. I mean, you get into the Microsofts and whatnot, they’re not even hardly reacting. In fact, Microsoft is only up 1.3% today. Let’s take a look at Google real quickly. I don’t imagine Google’s doing very good today. Well, it’s up 3%. But it’s the tariff companies on the upside. And it’s the interest rate sensitive companies and the companies that depend on China products, reselling China products on the downside today.
SPEAKER 03 :
Well, the whole world. The deal makers are really kind of really taking off. Yeah, really the biggest. That has to do with softening the FTC. Right, exactly.
SPEAKER 04 :
Okay, now, I would close with this. If you’ve got a 401K, if you’ve got someone managing it, I wouldn’t have any exposure to the bond market, which we don’t, except for individual bonds that you hold to maturity. I wouldn’t have any exposure to interest rate sensitive stocks, the high dividend stuff, the REITs, all of this kind of stuff. That’s bad, very bad. place to be and i wouldn’t have any exposure to the emerging markets they’re in the line of fire he just put out a warning to the emerging markets oh but our asset allocation calls for 15 percent but we don’t have any exposure to the emerging markets and we haven’t for quite some time And I would be focused on the U.S. as an investor, okay? I wouldn’t be in Europe. I wouldn’t be in developing countries. I’d be 100% U.S. I’d make my portfolio MAGA, I guess, make it American again. If you’re not American, we are all American except for one. European, maybe two European stocks that we own. So that’s my take. A lot of things have happened here over the last few days, and they’re going to continue to happen. This is a very fast-moving market. Man, you just can’t sit back and be passive. There ain’t no way. Give us a call at 855-611-BEST, 855, to get you positioned, 855-611-BEST, or get our newsletter. It’ll be a blockbuster this week. Two free weeks at GundersenCapital.com. 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.
The Future of Investment: Beyond Traditional Models