But would you be a buyer right now of this stock?

So my way of approaching the market is not one to try to pick bottoms like this on the day of in environments where there's a lot of uncertainty.

So for me personally, no.

But I had, again, had this very same question with a client who was asking me whether or not It was a good idea because of the location.

My answer is this.

Now that it's out, now that the news is out, I think we have a very tradable low.

I mean, the most uncertainty was overnight.

What do you think?

But would you be a buyer right now of this stock?

So my way of approaching the market is not one to try to pick bottoms like this on the day of in environments where there's a lot of uncertainty.

So for me personally, no.

But I had, again, had this very same question with a client who was asking me whether or not It was a good idea because of the location.

My answer is this.

Now that it's out, now that the news is out, I think we have a very tradable low.

I mean, the most uncertainty was overnight.

What do you think?

Well, you

know, the best way to get really big percentage gain numbers is to get crushed the week before.

Yeah.

I mean, the key is to be looking at where we are relative to last Thursday.

And if you're in a market, a stock sector that got absolutely crushed last Thursday or last week, then you want to get back over that to know whether or not you're going to recover anytime soon.

If you're in like RSP, that got hit from the highs, then you can look to be buying that as it starts to move higher because it's already in a strong trend.

And one last bit of good news, if I could call it, that you get with bad action is that if you look historically at the time period between the end of a midterm election and the end of the year, everybody likes to tell you how good things are.

wreck

Well, you

know, the best way to get really big percentage gain numbers is to get crushed the week before.

Yeah.

I mean, the key is to be looking at where we are relative to last Thursday.

And if you're in a market, a stock sector that got absolutely crushed last Thursday or last week, then you want to get back over that to know whether or not you're going to recover anytime soon.

If you're in like RSP that got hit from the highs, then you can look to be buying that as it starts to move higher because it's already in a strong trend.

And one last bit of good news, if I could call it, that you get with bad action is that if you look historically at the time period between the end of a midterm election and the end of the year, everybody likes to tell you how good things are.

So these might be a setup for the December numbers, but it probably won't do as much as I think it normally would if there was a Fed meeting the end of this month rather than next month.

the earnings that we're seeing right now i mean are you at all concerned going forward that hey you know what we could be in a lot of trouble over the next couple of months and if that's the case what do you do i mean you're a member of market gauge asset management what would you recommend for those portfolios

so the earnings the earnings uh season is actually what killed us.

The earnings have been good, but the reaction to the earnings has been bad.

And that's the problem.

That's what told you.

And if you look at the semiconductors, again, the SMH and the RSP, if you look at both of those and how they are responding to one another, tell the whole story.

SMH peaked.

That's good to

the earnings that we're seeing right now i mean are you at all concerned going forward that hey you know what we could be in a lot of trouble over the next couple of months and if that's the case what do you do i mean you're a member of market gauge asset management what would you recommend for those portfolios

so the earnings the earnings uh season is actually what killed us.

The earnings have been good, but the reaction to the earnings has been bad.

And that's the problem.

That's what told you.

And if you look at the semiconductors, again, the SMH and the RSP, if you look at both of those and how they are responding to one another, tell the whole story.

SMH peaked.

That's good to

should have kept my mouth shut is what I should have done.

No, no, no, no.

I appreciate it.

I thought I was showing you screen one, but I was showing you screen two.

All right.

There we go.

So I'm showing you weekly charts here, and I've got the SPY weekly in the upper left, the Qs in the upper right.

Hey, Jeff, how do you feel about the price of

We just keep

going.

It's not that...

They don't care now, but I think that big picture...

What stocks care about is what are the prospects for earnings, and that ties very closely to interest rates.

Right.

And so if the market believes that things are getting better in that regard, then the rest of it is just day-to-day noise.

And Jeff, do you have anything you want to share? Yeah.