Look an animal
been
beyond all
saw
standing in the norway.
Illuminated
from behind my.
I imagine
standing on the quest today.
I thought I saw you. Alone.
Walking by the river.
My shadow
strong
welcome to the Tom Du show for our
financial hour.
Joining us. Chad s.
Mike Johnson.
You have a hard time getting that second
name out. Tom Du. That was the third
1 that got me.
Brought to you by Du pre Financial group.
Where we make your money work for you?
Okay.
This...
Who's this child?
It's not Lucinda.
I don't know. God do no.
You just aren't getting it.
I'm definitely not getting it. That's for Ricky
lead jones.
I wouldn't guess that. Okay.
Alright. This was
several albums into her career,
and
1 of the reasons why, yeah. I didn't
realize she wrapped on it as well as
singing.
She was
really noted artist. She had 1 big album
my know of she had several others. But
the thing that's interesting about this album is
that
fellow she from Chicago and but fellow Chicago
and
Walter Becker,
plate base on this.
Album supposedly.
Walter Becker is steel dam. And
she's quite an artist.
I'm sure she's still around.
Don't know if she's still touring or anything
like that.
But
she's got kind of an unmistakable voice and...
You know, I think
she and luc lucinda to Williams have
somewhat similar voices,
sound
and a sense.
And that's my
contribution to
culture that
I hope you're happy.
Chuck and love is the... Yeah. That's hershey's
he's known for. So cookies or love. It's
kind of got a jazz grind to it.
Mike, I bet you've never heard that song.
No. I have not. I didn't think so.
I could get song though. Yeah. You've never
heard that song. No. I like,
good songs. I, I like the little hook
in there too.
So Tom, you need a microphone next to
your mouth.
Yeah. Hold on. Thanks. Let's just give you
her hit because right. I think it's worth
doing,
you know, loose,
I can't I want to call her, you
loosened lucinda Williams.
Ricky Lee Jones was,
she came out. I'm gonna say,
what?
Early seventies, maybe late mid seventies.
And
kinda took things.
That song
was a big hit for her.
And she had this kinda su voice
and
that's a good description. I... I'm I just
sent you to play that
song.
The 1 the bottom 1 there. Because this
was her hit. You've... I'm not I know
you've heard it. It was it was pretty
big hit for her,
and
then, you know, she... Like, a lot of
people they had that 1 hit, and they
keep going,
and you never hear from. Again, even though
they are producing music. Mh.
Turn up time.
We're supposed to get there. Supposed to be
able to hear it. I'm getting there.
This was her hit.
Come
say 19 79.
First album.
You didn't even do the refrain. Oh, goodness
Sorry. We're not doing contact there. Okay.
Music.
This is the music album.
Just get to the refrain.
We could condense all this.
It's like 5 minutes.
Hold on.
You just wanted to do that. Alright. There.
You got it. You got wanted. We're not
doing. To the financial Alley.
Who wants to hear another song. I do
agree. Me. Alright, guys.
Do not. Get moment. This stuff's or.
Right? Oh, it's so important though he goes
goes really stuff talk about here.
So the first thing you put up here
is... And and this is a big deal.
And It's a big, big, big, big deal.
It's what we've been talking about, How many
y'all heard those ads I ran.
What I start running 2 years ago.
Year and a half anyway, interest rates are
gonna come down. Sure. They are. It it.
No,
and
and and an inflation in the Fed just
damn, well, we're kinda concerned about the, you
know,
powell.
And... Oh, wait. Your
kept wait. They've kept pratt... Oh, yeah.
Yeah. Wait till you got a president that
needs to be reelected which good trap. How,
But the the the thing of it is,
it's
it's been coming. And now you get this
print. I don't even trust it. But it's
all we got.
It says
inflation fell
1 tenth of 1 percent in June. Oh,
Guess what? Biden just crushed inflation. You're gonna
get that in...
You're you're you're gonna get that in... If
they even run any ads, which Oh, it's
all it's on Facebook. There's there's a, a,
democratic,
whatever that has put a graphic out there
that says...
Yep. You're not today, than you were 4
years... Argue for
retaining the same,
and then there are actually now the Wall
Street Journal,
they're being good little,
good little trotsky
that they are.
They now say,
the Wall Street Journal says inflation would be
worse under Trump than Biden. Yeah. That's... They
will do anything to get rid of... And
say anything. People will not fact check. So
we're now we've got Rich Santo.
And Ally I trust Rich,
the Cpi broad member car
services declined,
tenth of 1 percent from May, putting the
12 month rate at 3 percent
around its lower level in more than 3
years. Now I'm gonna tell you
If you get 11 more prints like that,
inflation is now at a negative. That's right.
You now have deflation. Yep.
And you certainly have dis inflation. You're gonna
have to get a lot of stuff going
in reverse to get us back to the
prices where we were 2 years ago.
Now this is something we have been saying,
we felt was gonna be at some point
imminent.
This is a thing we should talk about
because as a firm,
we've been out there talking about lower interest
rates.
And and we talked about owning bonds as
as being
a potential thing you could own. And things
that would...
Other kinds of securities,
stocks perhaps
that would drift that
are similar
kinda
directional type vehicles
that would respond
to a drop in interest rates
the way that bonds would even maybe more
markedly than bonds.
And so now we're seeing this, You know,
you have a month
Cpi been going up 0.2 0.3
every month, keeping the inflation rate in the
2 and a half to 3 and a
half range.
And now you get this print. It may
be an outlier,
but it's basically
dead in the water
in June. Now if you get 3 months
of this,
son. That's a freaking.
That isn't... That's that's an absolute,
trend. Yeah. And so what does that mean?
Well, I'm not gonna tell you everything. What
do you want me to do?
But, that's why you gotta come in and
see.
But I'm going to tell you that we
have some ideas for how to deal with
this. Now, when this is all over with,
What do we do then?
I don't know.
We're making our list at speed.
Okay. I mean,
I'm just doing it for this.
So so... But anyway,
over time, we have...
You know, we're... We're not always gonna make
a tailored portfolio just for 1 kind of
event. That's really not how we invest. We
like to invest in good companies. But knowing
what we've kinda known about interest rates here,
we have... Tilted it a little more to
the directional
kind of approach. Well,
on on that same thought.
So the way the portfolio
has has
evolved to where it is today from, let's
say, 3 years ago.
So you look at
valuations. So we we always talk about research.
We're... We weren't positioning the portfolio
on an event. So we we weren't... We
we
we knew So we could We could talk.
We could see that the likelihood of interest
rates going down was real. That's right. But
when we're buying
the the these companies investing our clients money.
We're not saying that interest rates are gonna
go down at this time. So therefore, we
need to buy this. What's interesting is how
the portfolios come about when... Because we're looking
at valuations So in 20 22,
for example, or in 20 23,
money was...
Just flooding in 20 23
into these tech stocks because of the Ai
bubble, all this
evaluations were nuts, that money just kept flowing,
so stock prices in those select few kept
going higher and higher.
When you look at
valuations and the actual business the company.
That's what we're were seeing value in these
things that were more duration oriented and meaning,
you know, primarily
income, you know, dividend paying stocks.
So the
valuations and the research led us to that,
and because it was contrary to what the
market was thinking
in terms of money movement at the time.
And
it it's... You...
So yes or Thursday was
it was a major...
Deal in the market. You look at what
the Nasdaq did, what the S and p
500 did, which is kind of like a
Nasdaq light
index, which is is tech
versus
what the Russell 2000 did. So interesting
statistic,
so
Thursday was this... Only the second day since
19 79
that the Russell 2000 rose, by more than
3 percent while the Nasdaq was down.
First time in history
that
the Nasdaq under performed the Russell 2000 by
more than 5 percentage points. K? First time
hit... That that is a major shift in
thinking in the market. 1 of the reasons.
Well, 1 of the reasons is that in
the Russell 2000
are lots of small banks
the own bonds,
duration oriented,
you're gonna have
other kinds of
mundane, probably small reits. Yeah. Companies that are
not just pure fluffy pet companies like the
Nasdaq.
They're gonna be more
normal kinds of companies
that are simply small to mid caps.
But it's not as tech heavy.
It's more
old
kind of technology.
Tons of banks. Mh. Probably every
small to medium sized
bank in the country. So in the Russell
2000,
I bet 10 percent of them to 12,
maybe 15 percent of banks. Yeah. Yep. And
and and so those companies all went up,
the
So what we're seeing
and this is the big picture part of
it, and this is why...
This is important for retirement investors.
So listen to what I'm saying.
You have been brain washed
into believing that the s and P 500
is the thing you need to be in.
And it starts with Warren Buffett
who,
you know, has made a lot of statements
in recent years,
that I disagree with.
He said
everybody ought just buy the S and P
500
no. They shouldn't.
They should've have bought
Berkshire Sharp b shares,
you know,
or
something
because
with rates getting higher, you're gonna have to...
In some ways,
I'm calling
inflation a 1 off,
Covid,
a whole lot of things happened
at once.
A lot of money got printed pushed into
the system.
Now, even if they're not really backing it
out, they're...
It's it's going into
neutral, if you will.
Inflation getting back to where it is And
1 of the reason
because technology
is constantly doing things
to lower production costs.
And and technology is the friend of dis
disinfection,
technological
movement forward.
So
you have been told you need to be
in the S and P 500. The S
and P 500 is almost 30 percent tac.
Yeah. And it's big tac and it's expensive
tech that
If you wanna invest
in a way that's more the regular economy.
There are other ways to do it than
being exposed to the S and P 500.
But you gotta look real hard sometimes come
up with that because the investment
industry is lazy.
They want to either get you to buy
an annuity
that So you don't have to think about
it or buy the S and P 500,
go to bed.
So if...
If if Apple, if Google, if Meta, which
is Facebook, if Amazon. If all those things
come down from, say, 40 p's,
to 25 pe,
your investment gonna drop by 10 percent,
maybe 12. Mh.
Think about that
because you can buy
an index that we buy. I'm not gonna
give it to you. That is all S
and P 500
equal weight.
That's been going up more than the S
and P 5 went out today, it probably
hasn't. It's about it. The same I would
think. Because today you're getting a little bounce
back. I think it was a little more
today. Last I look Well, the bottom line
is, there are other ways to invest
and not be over overexposed to tech. Mh.
Tech is not the only place to make
money,
and
you're not gonna get dividends there, and you
can with other things.
So
what do we have to do?
You're I mean, you know, I am not
going to get up and dance on this
table here.
Maybe I will. Come on. Let's do it.
Yeah. But another song on. You and meeting
together. I ain't going there no table left.
Alright. Bottom line is,
you know,
we're not
we're not just doing this for our health
because we like to hear ourselves talk. We're
doing it because
we believe we're telling you something you're not
hearing out there. Mh.
We're offering you less risk,
more dividend. And right now, you're getting the
same amount of
appreciation with some of the other stuff? Does
it last forever, of course, not? Nothing ever
does. But if we're on a downtrend,
from
3 ish percent inflation to 1
or 1 and a half
There's more play in this thing. Mh. You
know, you could see the
the 10 year treasury
go a lot lower. I don't know where
it is today.
It's 4 about 04:20 last check. Yeah. I
mean, and some things have rallied
without even
the 10 year rallying anymore. You're seeing tightening
in the mortgage side. Yeah. Well, in lower
rates, it translates
to
excess spending capability
by people out there, and you look at
some of these things that have gotten beaten
up the last couple years. But you you
you talked about
how
nobody out there is is in
everybody saying buy the S and p 500.
You know, that... That's kind of the the
normal go to. Here's here's the Wall Street
dirty little secret. You never wanna stand out.
That's it. Because that's how... That's when you
get fired
by clients is when you stand out.
And
so
before you get hard.
Yeah.
And so
what we're trying to do... Is because our
clients have hired us to produce
an income stream
for
retirement. And and to manage a retirement based
portfolio. Right. Very specific things that we're trying
to do for our clients. And
that a specific mandate doesn't require... Or doesn't
call for a generic investment approach. You know,
it you have to...
Do your research, know what you own
and
have it so that it satisfies the needs
of the clients because that's what should get
you fired is if you're not satisfying the
needs of the client. It shouldn't be standing
out 1 way or the other? Are you
accomplishing the goals?
Right.
Are we?
Yes.
Well,
we're accomplishing the
We in the next segment.
You've been listening to the tom Show with
Mike Johnson Chad S learn our host Tom
Brought to you by a pre group where
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And I
when I
Love
always.
And welcome back to the Tom D show
for our financial hour. Joining us. Mike Johnson,
Chad S, our host Tom Decree, or out
to you by pre Financial Group.
Where we make money work for you.
Okay. This is a guy named Brute. No
it isn't.
In the world. Was gonna say Bruce Prince.
If you heard of him.
No. I bet you haven't heard of this
guy Nil n ios
Lo, L0FGREN.
Obviously, of Swedish or
scandinavian
heritage
He's been a
he's been a
basically a rock slash popular
musician.
For 50 plus years, and he's been in
a number of bands, and this was when
he had a band called G
And I wanna say it was like 19
71,
and I du
bought the album because back then,
So my income was from Mowing Lawns
for 3 bucks a pop
with my dad's lawn mower and then going
out and beautifully buying
the album Du jo, and and this guy
kinda started his own band after being
with the guy that we're gonna play the
song
Next. It's right there on your
phone.
So do I have permission to god go
to the next? Go to the next 1.
Alright. So he he basically
He had... He didn't make a name for
himself
playing with this guy,
but he showed that he could do it,
and then he kinda came out from under
this guy
who is
kind of a difficult person to work with.
Who ended up going to another band.
That's Neil Loft right the air
on a very well known song
be
rest of life
my
Okay. So
Neil Young, his band called...
Crazy horse. You've heard of Neil young,
and he of course went with Crosby still
in Nash for, like, 1 album,
and they couldn't get along with him. And
I'm sure Neil Lo couldn't either. So he
kinda goes out on his own, but he's
still around. He's now playing,
something to do with Bruce Springs or the
woman that he left his wife for Patti
Gal.
And, you know,
he's
continued to make music and to be in
this business, and he's like 74
years old. And I mean, I just gotta
give a shout out to people like that.
On that previous album, what was he doing?
I mean, on that previous song we just
played? Guitar. Real Young. He was doing the
guitar. Yes. With Comp wikipedia says he was
19 when he joined crazy horse.
Wow.
Yeah. Well, you know,
And and
I bet Neil Young wouldn't, but 21
maybe.
Yeah. And you Neil Young is a very
talented guy, and
I don't know if you saw.
Pete Townsend made a comment, maybe a year
or so ago. He he said, you know,
Neil young.
If he would just let his music be
used,
Yeah. In movie, He won't let anybody touches
his music. Mh. He doesn't want it on
Spotify.
He he won't license it for, you know,
a movie or something. It's just hands off.
And and Pete Townsend was basically saying it
wasn't so much about how much money he
could make. It was, like, more people would
know about him. Yeah.
That's that's what would happen.
And he thought it was kind of a
waste, Peter Townsend, of course of the who.
Neil Young just just so weird about it
anybody using his music. I mean, we could
get in trouble for doing that. Mh.
But too bad, if you're part of asking
Well radio... Welcome to the financial app. If
it's a radio show, you can't bust me.
You have to bus the station.
Sorry.
I think the coolest thing about Neil Young
was that he was roommates at 1 point
with Rick James.
Super free, Rick James. No really. No roommates
square. In California.
They were... Yeah. They were young and both
of them not discovered and they were roommates.
So
remind me not to get in the music
business. I mean, no. I mean, I'm sure
it's great. Anyway. Go ahead. So back
we're talking about, you know, where you've... You're
seeing this
rotation in the market. We're
way back. Could you send him a sense.
While I wanna. I'll talk about music all
day last. Fine. Go ahead
throughout the stock the rotation out of way
big tech
into... Basically, let's call it the S and
P 4 93.
Yeah.
That's essentially what it is. Yep. And that's
what was happening in a big way on
Thursday,
massive. And so some of that stuff isn't
real cheap also. Right. Some of the some
of the other things in Ps and p
500 that are not the big 7.
They're not what you'd call throw weight prices.
Some of them are as expensive
as the big 7, they're just in different
industries.
What 1 thing we've been talking about for
the, I mean, the last year, rev version
to the mean. What that means is is
if something gets way out of whack in
either direction. It tends to move back to
kind of its average level over time. Yeah.
You never know when,
but it typically reverts back there.
And you look
over the last year and a half.
Underneath the surface, it's been chaos in the
market.
The the s and P 4 93,
it's been all... I mean, there's all kinds
of stuff that's been going on under the
surface. But think would you say
liquidity issues in terms of
trading.
Or hedge funds in and out. I I'm
sure that has some to do with it.
A lot of it has the algorithm
driven algorithm
indexing in general and index,
the the way it index works, it feeds
on itself when there's a lot of inflow
coming in.
Market cap weighted. And you bring players like
Black rock, Vanguard.
Yeah. They tend to be doing rebound,
buying and selling, and then you got options
expiration. Yeah. So for somebody that's just let's
just call them a fundamental investor.
Who just wants to buy the company because
it's a good company.
You really gotta pick your spots of when
to do it because the market can be
getting,
weird
for different reasons. Mh. And sometimes it'll get
weird down,
and that's a good time to buy some.
Right. But what the average person out there
that has seen has just been pretty calm
sailing over the last year and a half.
Because if you own an S and p
500 index fund, though that magnificent 7, that's,
you know, that... That's what's been carrying in
it for the last year and a half.
You looked yesterday
because of that rev revision to the mean,
what was going on under the surface was
actually really really good.
But what was going on with those biggest
weighted companies.
That's what drove it down. So you're now
seeing the flip side of what's been going
on the last year and a half where
it's been helping the index. Now it's it's
starting to hurt the index. Now 2 days,
a trend does not make. Oh, the dow
in killing it today. You know, And so...
And the S and P's is up nicely
too. Yeah. I mean, like I said, 2
days, a trend does not make, but
you're seeing
that that rotation out of
the expensive mega cap tech.
Into these other areas that have... That are
good companies
at reasonable
valuations, and you're starting to see people look
for that, you know, duration in terms of
income. And so the demand is going up.
We're we... We were talking...
I mean, over the last
8 months
not to try to time
and wait
to look to get yield
Yeah.
Because by the time, you you say, okay.
The all clear, the the the bells ring
and it's all clear.
It's already gonna be moving. Yep. By the
time that happens. And that's what we saw
yesterday. I mean, there was no no indication
It took... It obviously took the market by
surprise.
When that inflation number count because that's why
it had such a big reaction. And so
you have to have that long term plan
in place
before these events happen so that you can
benefit from them. Right? And that's...
I like... I I love this this
saying it was
Daniel Can, which he he passed away, I
think it was a few months ago. But
he's a behavioral psychologist.
But
he says,
the long term is not where we live.
You're right. And people say all the time.
Well, you invest for the long term, invest
for the long term. And that's absolutely true,
but you have to be able to look
at where things are in the short term
because the long term, is made up of
a bunch of short terms. Exactly. And so
you have to get through the short terms
to get to the long. Completely true.
That is very true.
Fact, you know, you hear people that are
in
recovery programs or whatever say, 1 day at
a time. Yeah. Yeah. So what is the
long term? It's a series of 1 days.
Mh. You know. And it's like we were
talking yesterday in our our
investment meeting.
It's It's like, you know, the baseball season.
The a major league baseball season is a
hundred and 62 games long. How does somebody
get?
To
the world series
by winning a series of 1 games.
Yep. You know, you you you win this
game. You win that game. You went a
hundred and 62 of a... Or you don't
gonna win that many, but you win say,
let's say you went a hundred.
And you're 162
that doesn't happen very often.
Let's say you're 90 and 72.
That's a good record.
You're gonna get to the... Wildcard card. You
gotta win that, and then you gotta win
the divisional. Then you gotta win the
in l or the A.
And then you gotta get to the world
series. There's all kinds of games.
That's how this is. Yeah. Yes. It's it's...
Now, when I walked in and and was
talking to Mike this morning,
at 4AM
because we're both here very early,
and it was it was at 4AM and
my coffee was already getting cold.
And I
I said to Mike...
Well, I... If the market wouldn't open then.
So I just gave myself away. What I
said to Mike is,
People say,
know, I'm gonna wait and see before I
get
invested. I
I... I'm I'm a I'm gonna... We're gonna
let... And let's see what happens here. Now,
I wanna feel better about it. Yeah. Yeah.
Sometimes that works.
If you're on a trend and you miss
the first
30 percent of a move, that's gonna go
another 50 percent.
Okay?
Great.
You're gonna be getting in with everybody else.
What we've said to people.
Is
if you see things that look like they're
nice,
and they're gonna pay you a nice dividend,
nice yield.
Go ahead and invest even if you don't
invest all of what...
People are scared sometimes to take x amount
of dollars and and go 10 percent, 10
percent of it, 10 percent and leg in.
They won't even do that. They're... There's like
they're waiting. Then others will do it and
it's better
usually to be invested than to be in
cash.
That's just kinda how it works.
And
over time,
we didn't see this
last 2 days of move coming. Right. You
know, some of our stuff that Well, we
suck, We only signal no. It was coming
days ago. We didn't know it was coming
2 days ago. We we... You could've have
said, well, maybe we've got time here.
Maybe we didn't have time.
We got stuff
positions that we have that are up 6
7 percent in the last 2 days that
are core positions.
But the
the the thing is is is,
especially if you're buying something that's paying dividends.
You're gonna get paid to wait, and you're
saying well, gosh, you know, money market's paying
5 percent. Have you been reading
the news,
have you listened to the fact that
that Powell is now saying we're gonna start
cutting rates
the very first thing that will respond to
that are money market funds. Yep.
Because they are by their nature short duration,
And as their stuff rolls over and rates
get lower, they'll reinvest at a lower rate.
The money that you think you're doing so
great on and these...
9 month Cds?
Oh, woman in 9 month Cd paying 5.4.
Are you kidding me? Are you just a
camper?
On your money or do you really invest
your money? The chatter today was that that
this is going to lead to a, super.
Rate cut instead of just a quarter point
in September it'll be a half a point.
Just because the Fed might be... I think
there's some concerns most they never cut or
erased in 1 meeting.
That's a good question. I'd say it's at
least a percent, but it's been...
I mean, they've... For a long time, they...
Would deal
You say that based on.
Based on based on the great recession when
they were cutting rapidly. They cut... And I
think it may have been just couple of
back to back cuts, like, within a few
days.
But I... It's something I'd have to look
up, but I'd I'd definitely have seen
50 and 75 basis point cuts. I just
don't in in a single meeting. I just...
I don't know without having to go go
back and look at things, but Yeah, the
point is that the market is, I mean,
on the short term rate, the them... I
mean, these companies that have these high,
money market fund rates, the... If the Fed
makes their announcement, they usually do it on,
the day 2 at 02:00 on day 2
of their 2 day meeting.
And
they'll cut rates by 02:01, probably. These these
money market funds that offer the great rates.
So back in 2022,
they were raising.
75 bp per meeting,
for a wow. They raised
75
basis points,
from
June,
and and in May, they raised 50. So
they went from 0.75
to
1 and a half to 2 and a
quarter to 3 to 3.75
to 4.25.
So from June to December,
they went from 1 and a half percent
on the Fed funds rate,
to 4 and a quarter in 6 months.
Mh. Now those were hikes.
12/16/2008,
they cut rates by 100 hundred basis points.
That was 1 to drop from,
a target rate of 1 to 1 and
a quarter down to 0 to a quarter.
Hundred and it stayed there a long time.
Mh. But, yeah, that was. We've got a
lot of stuff in the system. Now,
let me tell you what this is gonna
do for the banks,
you're gonna get a lot of banks
slowly getting out from being underwater on their
bond portfolio.
If this holds,
Mh.
And and I'm a tell you if it
holds is is
a month from now, if we see the
Cpi.
Staying
around 0.
They won't wait for 3 months. People will
begin to say, hey, this is starting to
happen. Yeah.
So listen,
I don't know who you are out there,
who's listening,
come see us. If you... It's...
It's important. We know something about this type
of investing.
Do we know that much about which tech
stock to own? No.
It's usually just a kind of a dart
thing
because there's not a lot of...
Real super analysis that goes into some of
that stuff, but we have done a lot
of analysis,
surrounding interest rates,
surrounding
duration,
and and and these areas are something that
we know something about. And if you have
a retirement,
portfolio that needs not only to produce growth,
but also,
income and dividends,
then
you should talk to us.
And and this is
this is an environment where it's friendly for
income investing. You know, it has been for
the last year and a half. You're seeing
things that were yielding
3 percent go to 5 percent, meaning the
price of the stock had gone down. If
you can extrapolate,
If you can extrapolate
0
on inflation,
versus 04:19
on a 10 year treasury
something's gonna change.
It ain't the inflation rate.
I mean, because
typically, risk free rate of return where they
like to see 3 percent over inflation, something
like that.
I mean, yeah, 2 2 to 3 somewhere
that.
So
let's say we get a rally
where the 10 year gets the green light
to rally some more.
And we think, oh, we're gonna stay
inflation is really the bottoms dropping out of
it.
It's gonna be... You're changing that 4 to
a 3. Mh.
And ain't gonna be a 04:18 it's gonna
be 03:18.
Yep. So the the point is folks
get ready. This could come quicker and harder
than you imagine.
Call us. Listen.
Just call us. 8 5 help 3304
hundred. You can also schedule an appointment directly
on the homepage page of our website. At
to pre financial dot com.
Come see us. If I do not have
a plan for inflation and what how to
deal with this?
We do. So we can tell you, we
can tell you what we think will happen.
And if how to position your portfolio
in the event that that comes to pass,
like we think it's going to happen and
so,
we have some good information for you even
if you want, just to have your second
opinion on of what you currently have, we're
glad to do that. Never hurts to have
another set of eyes on your portfolio.
Or a set of eyes.
Either way, 3 sets of us. Sharp eyes.
Yeah.
Or us also
that are fluid and change with the times.
Call us 85923304
hundred go to our webpage page do pre
financial dot com schedule an appointment directly on
our homepage.
You've been listening to the Tom D show
with Mike Johnson, Chad Stu.
And our host Tom Du.
We appreciate you listening to the financial hour.