Peter Tuchman
speaker
483 appearances
9 recordings
1 series
first heard Dec 2024
last heard Apr 2025
Peter Tuchman’s voice in public audio — every appearance, attributed to the second.
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Appearances
Right.
Extraordinary. So the revolution that Dan has been talking about for months now is actually happening. We are in the midst of it. We started eight months ago in the second inning of this game. Now we're probably in the third inning.
It's so extraordinary. So think about it. When Dan and I were talking a couple of weeks before the election, we were talking about what is the market? Look, that was everybody's question. How is the market going to respond to a Kamala presidency or a Trump presidency? And obviously, look, I believe that this administration, whether Kamala had anything to do with it or not,
has to take full credit for where the market is today, right? Mr. Trump cannot take any credit for where we are today, trading at record highs across every indice, some of the best four years, right? We know it. COVID, up 20%. 21, up 28%. 22, down double digits. We know that. It was a function of inflation and the interest rate story. 23 and 24, now up 27%.
So this administration has obviously is responsible for that incredible market across absolutely every indices. But we were talking about what does it look like on either side, depending on who wins this election? Your question was that, you know, look, a continuation of the past four years. If that goes forward, if Kamala becomes president, then that's not a bad thing.
Our fear was with Trump coming in was obviously tariffs in China. Right. And you said to me initially, we both agreed that that was the wild card that could cause a problem.
That was probably the biggest limiting factor to maybe tackle the commonwealth. So just to break that down to somebody who doesn't know really what Dan is talking about, a couple of things. FTC, the people who are the regulators out here, are ousted by Mr. Trump, and you're going to have people more friendly to M&A, so we are going to see a lot more mergers and acquisitions.
Number two is by bringing Elon Musk into the inner circle of the Trump family. You are sort of patting, you're patting, you're carving out any potential disaster. Look, you're not going to have Mr. Musk in the inner circle
representing Tesla and the other Mag 7 are going to now be protected and carve out around those companies because you know he's not going to raise himself up in Tesla and let everybody all fall by the wayside. By having him in there in the inner circle, that's going to carve out a protection mode for all the rest of the Mag 7 and tech and AI.
Which has not been accepted that well. That's been the wild card.
So think about it. What was the one thing that took Tesla down to $350 about four weeks ago was the meeting they had about the autonomous cars that was not received well. They knocked Tesla down $70 at that point. And it sat there for three or four weeks. Remember that? We talked about it. And I said to you, what's going on with Tesla? Is it going to come out of this doldrums?
And you said, don't worry. Earnings are next week. People are going to get on board with the autonomous vehicle story. And they did. Once again, Dan Ives. Number two, number three for Dan Ars, because earnings did come out. The stock went up $13 after hours, $50 the next day, and it's up $100 since then. But that's also because of the bears.
Bears! Are there any bears here?
Okay, so where does that leave us? That leaves us in the midst of a revolution, the second, third inning of an amazing ballgame that's all about tech, AI, Jensen, best of breed. It's also, you're talking about... at 4 o'clock in a party that's going till 10 p.m. in a party that's going till 4 a.m.
with yet a lot of the derivatives of the AI story, Microsoft, Google, Amazon, have yet to be let in through the Red Rocks.
On the sidelines. Imagine that still on the sidelines.
So look, how exciting is this? It's absolutely unbelievable to think about what Dan is talking about, this amazing revolution. And look, at the end of the day, I kind of lost my train of thought. But look, at the end of the day, now, come on, bring it back, V. Where are you? You know what? I'll just keep going.
Okay, so what I wanted to remember, that's a great part of this story, but at the end of the day also, think about it. This market, if you had seven fingers on your hand, that is the amount of times, I'm a seven finger hand, like Bruce Almighty, remember that great scene in that funny movie? At the end of the day, we've had seven opportunities this year. Look, This market is up 27% for the year.
We've had seven times this year where the mainstream media has called recession, depression, dogs and cats living together, all that craziness. We saw it in April, right after the best quarter since 2019. We saw it in July for about a 7% pullback for the first week there. We saw it on August 5th. right, which was that devastating day.
We came in on a Monday after Black Monday in Japan with all that story, the carry-on trade. We've talked about it many times. Then September, the first week, the worst week for tech since COVID. The second week, the best week for tech since COVID, October 5th. So that is about six or seven times. Then this week,
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