0:00

Morgan , we're gonna talk about the future of finance with

0:02

John Person , 39 year

0:04

trading professional . Co-founder

0:06

of Jperson Asset Management . Tell

0:09

me about all these central banks

0:11

, all these central bankers

0:13

kind of repeating the same line

0:15

, the same speech recently about

0:18

how they did it or

0:20

the inflation's in check . It's

0:22

what they're doing is working . They're almost done

0:24

with their campaign . Give

0:27

me your evaluation

0:30

of those statements and how the markets

0:32

reacted .

0:33

Okay , great point . And

0:36

we all know that inflation

0:38

has been becoming , for

0:41

the last year and a half , a

0:44

heavy weight on not just consumers

0:46

but now anyone

0:49

that's invested in the market , now

0:51

the central bankers . I

0:53

wouldn't say that without

0:56

a doubt they're in a concerted effort in a one

0:58

world economy to be in

1:00

concert together . If

1:03

we go back first , before I answer

1:05

that question , we have a lot of banks

1:07

here . The regional banks in the United States had a

1:09

lot of issues because rates

1:11

went up a lot faster and higher and

1:13

a lot of these banks felt that well

1:15

, depositors don't wanna put their money

1:17

in anything . We're not gonna offer any high

1:20

rates for just parking their money here

1:22

. So let's use that money and

1:24

we'll invest it into what's

1:26

known as swaps derivative swaps with

1:29

a rate yield between the

1:32

United States Fed funds rate

1:34

in the European central bank set rate . So

1:37

what happens in March when a couple people

1:39

come into Silicon Valley Bank and say we

1:41

want our money right now ? They

1:43

made a draw on the bank and the bank couldn't cash

1:45

out those derivatives because they bought them here and they

1:48

could be safe if they held it to maturity

1:51

. Maturity might be another year out

1:53

If someone says I want my money today

1:55

and you got 364 more days that

1:57

you have to hold , that you got a problem

1:59

and you gotta sell it a loss . So the bank took

2:01

this huge loss . So that's one

2:03

of the elements of why higher

2:05

interest rates , and Jay Powell

2:08

, who is the head of the Federal Reserve , and

2:10

Christine Lagarde , who's the head

2:12

of the European central bank , and Bailey

2:15

, who's head of the Bank of England

2:17

, all recently , we've had those

2:20

three central banks all come out in

2:22

the last five business days stating

2:24

we're not gonna raise interest rates for

2:27

XYZ reasons . And

2:30

so what they're saying is one thing

2:32

, but what the real reason is ? They

2:35

all raised rates too far , too fast

2:37

to help rein in inflation

2:40

. In the meantime , they've caused to

2:42

solve one problem , they've created multiple

2:44

others . So I think they're all

2:46

in concert together to pause , and

2:49

that's all we've gotten , and they've all

2:51

three mentioned . There's the

2:53

inflation is coming down . Well

2:55

, we know egg prices are down . That's great . But

2:59

what we have seen which is interesting

3:01

, despite the war and the terrible

3:05

act that Hamas did against Israel

3:07

and created escalated tension

3:09

in the Middle East , what we have seen

3:11

is that oil prices have not escalated

3:14

. That a lot of people thought was Crude

3:17

oil did not go to 100 . Reformulated

3:20

blend gasoline the stuff we put in our car

3:22

that did not go to $3

3:25

on the futures market . In fact we're trading

3:27

around 220 right now . We're down

3:29

around 17%

3:31

from last month's prices . So there is

3:33

a trajectory of certain

3:35

things creating a

3:37

detrend in inflation and that gave them room

3:39

to pause . So , with that

3:41

backdrop story , what does this mean

3:44

? I believe that all central bankers

3:46

, the three big heads European

3:48

central bank , the US and again the Bank

3:50

of England they all need to make

3:53

sure that their interest rates are uneven

3:55

keel . If one country goes up more than

3:57

the other , it's gonna cause a distortion

3:59

against money flows around

4:02

the three big major economies . So

4:05

therefore they part .

4:06

What about how Japan's doing something

4:08

different , and what about what is China

4:11

doing ?

4:12

All right . So in the Asian market

4:14

, especially Japan , japan's been in a zero

4:16

interest rate policy for

4:19

, I guess , my whole lifetime . That's

4:21

a lot , because I got gray hair right , john . So

4:26

they are talking up they're

4:29

talking up a potential change , but they haven't

4:31

really moved aggressively any

4:33

way one way or another on their interest

4:36

rate policies . They've been talking it up . As

4:38

far as China is concerned , with their massive

4:40

lockdown COVID policy

4:42

that they had , their

4:44

economy was at almost a standstill

4:47

to a degree . So China

4:49

, they're back into the building

4:51

up phase right now and as

4:54

they start to build up , that's gonna

4:56

reaccelerate one

4:59

of two things In the next

5:01

year , inflation could revamp

5:04

higher , or

5:06

they're going to and

5:08

this is the tricky part . I don't know where we're

5:10

gonna stand with foreign

5:13

government relationships with China

5:15

but if they revamp

5:17

all their manufacturing , their productivity

5:20

goes up , producing more goods

5:22

and services at a cheaper rate , thus

5:24

supplying the world with parts again

5:26

, and that reduces inflation . So

5:29

those are two concepts that I'm not quite sure

5:31

I haven't put my finger

5:33

on . I just know that

5:35

if you increase productivity

5:38

, if you put out more goods

5:40

and services at less energy and cost

5:42

, that's deflationary . So

5:45

China might be part of

5:47

the story that if they get their manufacturing

5:49

back in place and the trade

5:52

war starts to subside , Remember

5:54

, we've got current President

5:56

Biden saying we're not selling you

5:58

any semiconductors and we don't like

6:01

you interfering with Taiwan , and so

6:03

we've got escalation of tensions

6:05

with China right

6:07

now . And so President

6:09

Xi I mean he's pretty much in control

6:12

over in China and has some pretty

6:14

good partners right now , if you think

6:16

about it , and so he doesn't

6:18

need the maybe the US , because

6:20

he can trade with Russia , middle

6:22

East , india , they can go

6:24

to South America , for example . Americans

6:28

soil we still need

6:30

, you know , barbie dolls and

6:32

things like that for Christmas . So we do still need

6:34

China's manufacturing . But

6:37

, all in all , this is

6:39

a world market that things need to

6:41

. If we escalate tensions amongst

6:44

the superpowers in that regards , we're going to

6:46

have more issues .

6:48

Right and that presents a whole bunch of investment

6:51

opportunities for , for

6:53

example , raw

6:56

materials that we were getting abroad

6:58

that maybe we want to source domestically

7:00

, that kind of thing . But

7:04

so the markets reacted

7:06

to all of these central bankers pausing

7:08

favorably . We've

7:11

had the indexes up

7:14

around 1% . You've

7:17

been trading doing pretty

7:19

well . The last week you said tell

7:21

me about some of the stocks that

7:23

you've been keeping your eye on , or some

7:25

of the trades or sectors or indexes

7:27

that you've been paying attention to .

7:30

Absolutely . So a couple of things that

7:32

I like is I liked again

7:34

AMD . Their earnings were

7:36

a little scary for me . I was long AMD

7:38

because I believe in

7:40

the artificial intelligence super chip and

7:42

I wanted to hear about . There's two companies

7:45

, maybe three . Intel

7:47

is on the uptick and they've got . They're

7:50

on the uptick in the sense that they

7:52

haven't really sold off . Relative

7:55

to comparing

7:57

Nvidia a month ago's price to Intel

7:59

and video went down , intel held up

8:01

. So Intel , I think , still

8:04

has a lot more upside in the next

8:06

, say , six months to 18

8:08

months . Amd is

8:11

on any computer you have it's . You've

8:13

got AMD and you've got Nvidia . So

8:16

there's no way where else to go . And

8:19

I think AMD , which is in

8:21

their last quarterly report not the

8:23

one yesterday , but they

8:26

were mentioning their MI 300 processing

8:28

chip and they did . Mrs

8:31

Sue did mention that in

8:33

the conference call yesterday and gave

8:35

some positive guidance going forward . So I

8:37

think AMD's got strong

8:39

potential within the next six months to maybe

8:41

trade into the 120 . So I'm long

8:44

AMD for that reason . Looking

8:46

at other trades that I have , one

8:49

today we

8:52

noticed that with where interest rates

8:54

are , housing has not

8:56

I mean new home construction has gone up . We

8:58

know that . Those are the numbers . Everyone's buying

9:00

a new home because no one's selling existing

9:02

homes . If people are buying

9:05

a new home , well they got to put something

9:07

in that home . Are they going

9:09

to lazy boy

9:11

? Are they going to ? Where

9:13

are they buying their furniture from ? Is it Macy's

9:16

home goods ? Is it home goods

9:18

with TJ Maxx ? Is it Wayfair ? It

9:21

could be a combination of all things there

9:23

, and so we did get a bounce

9:25

out of Wayfair . One trade that

9:27

I like is for the

9:29

holidays and it had

9:31

kind of a bad earnings reaction

9:33

this morning , but it's bounced higher is Etsy

9:36

. Etsy Now . I just bought

9:38

some of that today at

9:41

60 . I'm looking at my screen right

9:43

now . I bought just

9:45

a little bit at $61.94

9:47

. So I

9:49

think it's a low risk because they've already sucked the

9:52

, I think , a lot of risk out of that trade . I

9:55

also am on Google . I'm

9:58

also in for a seasonal holiday

10:00

trade down here Goodbatter and different

10:03

Macy's , I think Macy's which owns

10:05

, again , federated

10:07

Department stores Bloomingdale's I

10:09

think they may see an uptick out

10:12

of this holiday season . I

10:14

bought some Morgan Stanley . I

10:17

think Morgan Stanley is

10:19

another one that , in the banking sector , could

10:22

do a lot better in this environment . They

10:24

had pretty decent earnings in

10:26

Q2 . And then , finally

10:28

, nike . There's just no chance that

10:31

you can't be long , nike with

10:33

the and I'm going to call it the Taylor

10:36

Swift factor , and

10:39

people don't , maybe not like . What does Nike have to

10:41

do with Taylor Swift ? Well , she's dating a Kansas

10:43

City chief and she wears

10:45

that jersey . There's a lot of Swifties

10:47

out there that might want to flock . He's the . I

10:49

think he was the fifth highest

10:51

selling jersey from the NFL apparel

10:54

, which is all made by Nike . So

10:56

NFL authorized jerseys

10:59

are all sold by , or

11:01

created or made by , manufactured by Nike

11:04

. Now , another thing is , I know

11:06

I'm just gonna say that Taylor Swift factor , but you got

11:08

the Philadelphia Eagles , the New York Jets . There's

11:10

a lot of jet fans out there in

11:12

mass quantity . It would be , you

11:15

know , instead of like the , the , the

11:17

Carolina

11:19

Panthers . You know their base

11:22

is not as great as New

11:24

York . So Jersey

11:26

sales when your team behind your team . This

11:29

is that time frame where people will make more

11:31

, maybe , perhaps , purchases . Then again

11:34

, what else does Nike make ? Let's

11:36

see soccer shoes , football

11:38

, baseballs we're talking cleats

11:41

and , and while I

11:43

think there's a , there was a discussion

11:45

on a couple analysts that Downplayed

11:48

Nike , saying their product was stale , and

11:51

then someone said that there's another company

11:53

called on cloud that is stealing

11:56

Market share form

11:58

. I don't believe that's true whatsoever

12:00

. On cloud , I think

12:02

if you are familiar with this product

12:05

, the symbols , stock symbols , o

12:07

, n and they're made , you

12:09

know , swiss design . They're a fashionable shoe

12:12

, sneaker , running shoe , but it's more

12:14

for , I think , an older crowd . They're

12:16

more of an expensive sneaker that would

12:18

maybe what ? Wear a driving shoe

12:20

that wants to look hip and cool . An

12:22

older guy Like me possibly , instead

12:24

of wearing a dress shoe , I could get away with an on

12:26

cloud . I wouldn't wear a Nike

12:28

cleat or I

12:31

wouldn't be wearing a Nike running shoe or basketball

12:33

high top because I don't play those sports . I'm

12:35

, you know , I'm more in the ancient golf

12:38

world now . So , with that

12:40

said , I think there is a better On

12:42

a global scale . I think

12:44

there's a better opportunity for Nike and

12:46

if the Federal Reserve can pause which they

12:49

have around the globe and

12:51

pause on interest rates , bringing back a little

12:53

bit of confidence not forever , but just for

12:55

a little bit of confidence for the next 30

12:57

, 45 days as we enter in the holiday

13:00

season , this could incite

13:02

Consumer confidence and boost

13:04

better Christmas sales . What are people

13:06

gonna buy . I don't think people are gonna buy

13:08

frivolous things . People are not stupid

13:11

with their money . I think people are gonna look for deals

13:13

and people are gonna look for Necessities

13:15

, so there are gonna get . Maybe

13:18

they're gonna buy a messy soccer

13:20

shirt , you know . So Soccer

13:23

is very popular and I think Nike

13:25

is gonna have should have a pretty good season

13:28

this holiday .

13:29

Anyway , that's my long Assertation

13:31

that's interesting , that's an interesting analysis

13:34

said , and I live in Brazil . I've lived in Brazil

13:36

for almost six years and it's given me

13:38

a different perspective on global brands , because

13:41

I've never heard of on cloud . No

13:43

one in Brazil wears on cloud . But

13:46

if you give Brazilians Five

13:49

things that they want to buy , they're

13:51

gonna choose five different brands and they're all

13:53

global . Brands are mostly American-based

13:55

brands and I have people

13:58

coming up to me because I'm American and they know

14:00

I go to the United States and they say when you go to

14:02

the United States , can you bring me back

14:04

? And then I can name the five things in one of them's

14:06

Nike sneakers . Okay so

14:08

so that type of brand is just

14:10

so strong globally and

14:13

, like you said , okay , they're gonna be

14:15

other brands that come and go , but

14:17

until someone's making

14:19

a basketball shoe that competes

14:22

with Jordans , then then

14:24

we can look at market share . You know , but

14:27

on the cloud , fancy

14:29

fashion shoes are not competing with

14:32

those Jordans , right ?

14:33

So yeah , okay

14:35

, so that's that input . I hope your listeners

14:38

heard that . That is like I go to America

14:40

. I get a shopping list . This is what

14:42

I want . That's cool .

14:44

Right ? Well , I'll tell you the other brands

14:47

too . I mean Apple . I mean they want iPhone

14:49

. The iPhone's the number one product

14:51

. But there's other Apple products that they really

14:53

like , like Mac books and Apple

14:56

watch and these other things . But

14:59

even some brands that that we

15:01

think are a little bit passe Are

15:04

still really popular in Brazil , like Tommy

15:07

Hilfiger and gap and things that were popular

15:09

in the 90s .

15:12

Houston is the name of this , the comp , the parent

15:14

company and the stock symbol . The ticker symbols

15:17

pvh . Phillips van Houston

15:19

is the parent company of Tommy Hilfiger

15:21

. People in America won't wear a Tommy

15:23

Hilfiger , but you go to South America , you

15:26

go to Latin America , I mean , and you go to Europe

15:28

. It's interesting , even in Italy , in Rome

15:30

, tommy Hilfiger

15:32

is a popular blunt brand , it's correct .

15:34

It's pretty interesting and if you go

15:36

to Miami or you go to Florida , where there's a big

15:38

Latin community who they fly

15:40

in to Florida just to

15:43

shop , and they'll go to the Tommy Hilfiger Outlets

15:45

and the gap outlets , you know , and buy everything

15:48

there very yeah that

15:50

is true , yeah , so

15:52

that's a as good of a trade .

15:54

Let me look at pvh . While

15:56

we're on the phone , while you're looking

15:58

there , I'm gonna .

15:59

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16:32

Well , that's interesting . What are you ?

16:34

yeah , what is this ? It looks like

16:36

Michael .

16:37

Blomberg on the bottom

16:39

left . Who

16:42

could it be ? I was gonna

16:44

say , well , I think I don't know who the upper

16:46

left is .

16:47

I know who the bottom left is well

16:49

, you'll never guess who these two men

16:51

are , who are Destroying

16:54

capitalism , destroying America . They

16:56

have a very devious plan and Porter Stansbury

16:58

created a documentary about these two

17:00

men Is . The name of the documentary is

17:03

the two men , and we have a link

17:05

to watch this free documentary below

17:07

. So check that , check out that free documentary

17:10

the two men . I know who the upper

17:12

left is now .

17:14

Was I not supposed to give those names out ?

17:16

I think it'd be cool for people to discover for themselves

17:19

when they click on the link below to find

17:21

out . Yeah

17:23

, it was pretty obvious to me that one of them was Michael

17:26

Bloomberg . You put

17:28

a little square here . You can still tell who he

17:30

is . Yeah , so what did

17:32

you find when you were doing your research there ?

17:34

Um , pvh . I mean you know it

17:36

doesn't . I think there's probably some better

17:38

upside . I mean it's okay , but I I

17:41

think there's probably some better upside on

17:43

Uh , nike

17:46

. In my humble opinion , uh , nike

17:48

looks like it's probably got another 20 25

17:50

percent to the upside between

17:52

now and , say , february , um

17:55

it , and it might come sooner . I

17:57

also think that , uh , some of the department

17:59

stores that will capture

18:01

Target , for example , way undervalued

18:04

. Uh , I know they had an issue . Uh , uh

18:07

, a pr nightmare , let's call

18:09

it . But bottom line is let's get

18:11

through the pr nightmare . What cures pr

18:13

nightmares ? Well , budweiser just did something

18:15

to get themselves out of the hall , sort of speak with

18:18

uh , that um , uh was an extreme

18:20

Uh mix martial

18:23

arts or w worldwide wrestling

18:25

sponsorship and that had

18:28

, you know , a boost

18:30

. What happens to brands when

18:33

they fall out of favor ? That people

18:35

like Not the

18:37

brand but the product . Right , beer . What

18:39

solves a problem ? If you want to get back

18:42

into selling beer ? Lower your price and

18:45

and and . Put that out . That'll cure any

18:47

marketing that you need to spend , or apologies

18:50

, or anything like that . Put lower

18:52

prices out and you're gonna track the

18:54

. You know everyone will look back and go Well , give me a pack . Especially

18:57

christmas time with target and

18:59

with target it's the same story . I mean target

19:01

, I don't think you know people want to say

19:03

, gee , I don't like what they did , but it's

19:06

like I have to go to walmart and I have

19:08

to go here and target's right there . Ah

19:10

, I'm going to target . So I

19:12

think consumers are kind of finicky . They

19:15

may say one thing , but they still bet

19:17

with their wallets and if target comes out , they

19:19

do another thing . Here in america , for a lot of

19:21

people that Live maybe check to check

19:23

, and that's a big problem in america . But despite

19:26

that , there is the holidays and no matter how tough

19:28

times are , most people will have something

19:30

on the christmas tree for their children

19:33

. And and target does something

19:35

still that maybe and not a lot of the store is

19:37

doing . It's called layaway programs , so people

19:39

can buy something and put money down every

19:41

week and in the products there for them . They may not

19:43

be able to afford it right now , but

19:45

you know , whatever the , the , the cabbage

19:47

patch doll of 2023 is , for example

19:50

, whatever the , the toy

19:52

du jour is , um , people

19:54

can go and say , here , hold this for me , here's a

19:56

deposit and I'll pay every week .

19:58

And and and and that's something that is

20:00

a very Uh

20:02

, there is some loyalty to that type of program

20:04

with target people don't , maybe really that

20:07

that , speaking of , uh you know , comparing

20:10

brazil to the us , uh , brazil's

20:12

been has a layaway economy where

20:14

they they do everything by by payment plans

20:16

. Anything that they cost more than Uh

20:19

$50 is going

20:21

to be on a payment plan here . So so , uh

20:23

, I know , if , if wages

20:26

, if the wage situation , if the wages

20:28

aren't keeping up with the inflation

20:30

, uh the

20:32

prices of things , then you're probably going to see

20:34

more of this type of uh Adjustment

20:38

so that the consumers can afford

20:40

to pay for things . And I have seen that in e-commerce

20:43

, when I buy things from american

20:45

sites , that sometimes now they give me

20:47

the option to do payments .

20:50

So I'm gonna , I'm gonna delve because I know we're gonna

20:52

run out of time and I'm gonna go . What ? What makes

20:54

sometimes my mind work , which , according

20:58

to my wife , is a problem ? But , um

21:00

, we know that there we have a

21:02

? Um , a situation here in congress

21:04

. We have a president that wants to give more money to

21:07

ukraine , more money to help support israel

21:09

southern border , and is asking for

21:11

more money . We now have a congress that says we're

21:13

tired of giving money out and there's going to be a battle

21:15

. But , either way , military

21:18

spending will still happen

21:20

. And if we take tanks

21:22

, or money that would be diverted to tanks

21:24

, and we're going to increase tank uh

21:27

and or military Hardware

21:30

and send it to ukraine and send it over

21:32

to israel , um

21:34

, there's a couple things that we need . We got steel

21:37

that's gone up and it's you know , you could

21:39

look at prices of us steel , which has been going

21:41

higher . But what goes

21:43

in those tanks are our engines

21:45

and diesel engine . We don't use teslas

21:47

in tanks and military operations , right

21:49

? So Cummings is , cmi

21:52

is a stock ticker it's down a little bit

21:54

today , but they do make the diesel

21:56

engines for military and tanks . So

21:58

that's number one .

21:59

Number two and , of course , all the construction

22:02

Machines . Yeah , we want to go construction

22:04

. It's gonna be a global Biggy got .

22:07

Diesel engines , it's Cummings , uh

22:09

, caterpillar also , but Cummings , um

22:12

. So that's one that I would be watchful

22:14

of . But here's one that's a little off

22:16

the chart kind of thinking if you

22:18

have a tank that's military green

22:21

but you're sending it to the middle east , you're

22:24

gonna have to paint it and you're gonna

22:26

go desert , desert flood

22:28

Camouflage . Right , you're not gonna

22:30

go green Garden

22:32

variety tank , you're gonna have to camouflage

22:34

that and spray paint . There's two companies

22:36

that actually have military Contracts

22:39

, which is really bizarre . People don't realize it . Small

22:41

little company called Rust-Oleum a lot

22:43

of people use their spray paint .

22:45

No , everyone should know Rust-Oleum .

22:47

But the parent company is our

22:50

PM , industries , our PM . I'll

22:53

double check the share price today

22:56

. Now , this might not be something

22:58

that you get today , because

23:00

when you build a tank , you got to

23:02

build the tank right and then the

23:04

next thing you got to do is get the tank

23:06

out there and then , finally

23:08

, you would paint the tank . Rpms around 94

23:11

. Still , it had a big update , unfortunately

23:13

, today . I thought I could give you a cheap price for your listeners

23:16

today . The other one is sure when

23:18

Williams ? Shw

23:20

is the stock symbol there . Now , what's interesting

23:23

about sure when Williams ? Not only do they have military

23:25

contracts , they have government contracts . Now

23:27

I don't want to sound Deceitious

23:30

, but let's say , for example , they have a government

23:32

contract and someone , let's say

23:34

, in Congress on Capital

23:36

Hill , gets evicted out of their office like

23:39

a Nancy Pelosi and

23:41

the new guy that comes in to take her office , they , they

23:43

want it repainted . They're gonna use , actually

23:45

, sure , when Williams paint so

23:48

the White House , congress , government

23:50

offices and as well

23:52

as military . So sure when Williams , besides

23:55

housing , new home construction

23:57

Sure , when Williams , stock symbol SHW

24:00

there . And today is the

24:02

same story . It's up a little bit off . It's um

24:04

, it's . It was Back

24:06

in July it was a 283 dollars

24:09

. It actually

24:11

is Not far off

24:13

of that level . We're 245 . So

24:15

sure , when Williams and I don't know

24:17

if it's gonna be a God send

24:19

if interest rates are on starting on a

24:22

decline that we get the 30

24:24

year fix back down . This

24:26

might entice people to get out of homes . You

24:28

get out of homes or you stay in a home . You might have

24:30

to repaint that home , but either way , paint

24:33

, whether it's from residential

24:36

, military or Government

24:39

. Believe it or not , those two companies

24:41

might be worthy of some upside

24:43

. At least there might be some increased demand in

24:46

the next year .

24:48

Right , and even when people don't have

24:50

a lot of money , the government seems to have

24:52

it and doesn't stop spending it to

24:54

the deficit spending , and so they have basically

24:57

a monopoly on Government

24:59

projects there got to keep .

25:01

That's a .

25:03

That's a recession Proof

25:05

kind of stock there . I mean

25:07

, I've heard that there are certain stocks

25:10

you know there's still gonna be garbage

25:12

day even if there's a recession , so you can invest

25:14

in waste management , for example . So

25:17

we were talking before the show We've got about two minutes

25:19

left here About what

25:22

are some stocks that do well

25:24

no matter what happens in the next 90 days , and

25:26

you were mentioning tech stocks . So why

25:28

did you say that ?

25:29

Well , I think , either way , we still use technology

25:32

our lifestyle . No one can live without

25:34

. You know , driving in a car texting . You

25:36

know , here in America at least , it's illegal but everyone

25:38

does it . It's funny . I've even seen state troopers

25:41

texting and in their phone

25:43

, while you know , going down I-95

25:45

here in Florida . So

25:48

technology is one

25:50

the carriers have

25:52

always made money . But they

25:55

borrowed Verizon and 18t borrowed

25:57

all boatload of money to build out 5g

26:00

rates go down . Those stocks are

26:03

starting to see recovery . 18t

26:05

people will still spend money

26:07

and pay for their phone . You just said it

26:09

. You come up here to America people

26:11

say get me an iPhone because people are

26:13

still gonna use that Communication and they have

26:15

to pay that bill before they go

26:18

to McDonald's . In my humble opinion , people will

26:20

pay right to upload to

26:22

.

26:22

Social media . There's nothing of more of a necessity

26:25

besides food and water and housing

26:27

. Then your , your , your

26:29

, your , basically it's your everything device right . It's your

26:31

entertainment , it's your communication , it's for

26:33

work , it's for everything .

26:35

It's changed in . In our lifetime , or

26:37

my lifetime as a kid , I could drive

26:39

a bike without a helmet . Now kids

26:42

have a cell phone and they need that cell

26:44

phone and they have plans . So what plan ? It's T-Mobile

26:46

, it's 18t in Verizon and

26:48

I think those companies Maybe

26:51

they don't go up to the moon and make

26:53

a three , four hundred percent return in the next

26:55

year . However , I think it's a safe trade

26:57

. They pay a dividend and and

26:59

it's I think at this point in time it's

27:01

a good trade to get back into you .

27:04

And so you're saying that that's . Two

27:07

out of the big three had borrowed a lot

27:10

of money , so are you saying there's one ?

27:13

Yeah , verizon certainly has a huge debt load on

27:15

their 5g built out AT&T

27:17

. You know they still had structural issues . But

27:21

I do believe that if you

27:23

put a , if you put a gun to my head as

27:25

a new investor with limited cash

27:28

, at&t has a lower share

27:30

price than Verizon , a

27:32

more seasoned I , I would

27:34

probably prefer Verizon .

27:38

You know , at this point , Okay

27:41

, yeah , and , and I'm interested

27:43

in some the disruptive Companies

27:46

in that space , but they're they're using

27:48

those big threes networks . So

27:51

so you can't it's like the infrastructure . You

27:53

can't get around the fact that even

27:55

if you're investing in some other company

27:58

, they're using one of the big threes networks

28:00

, true , so

28:03

so thank you for coming on , john , really

28:05

appreciate it . Where can people go to learn

28:07

more about you and your work ?

28:09

Well , if they go to , our website was

28:11

designed for you know we keep

28:13

talking about J person as and it's a private fund

28:15

I run , but they

28:18

go to persons planet calm . We

28:21

created a lot of different indicators and

28:23

studies on various trading

28:25

platforms , charles

28:27

Schwab for one . So , if

28:30

you go to , you know these indicators

28:32

are built on tasty works , charles

28:34

Schwab , we have

28:36

. We have indicators on thinkorswim

28:39

Trade station and

28:41

so basically , a lot of the indicators over

28:43

the years that I've developed to help stock traders

28:46

and traders in general , those

28:48

are on and you can find all of that information

28:50

on persons planet calm .

28:53

Persons with an S and we're gonna put that in the

28:56

description box below . Thank you , john , for coming on

28:58

, really appreciate your time .

28:59

Thanks a lot , have a great , have a great

29:01

week , man . Thank you , sir , you .