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
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Hey everybody, it's me, the Einstein of Wall Street from the floor of the New York Stock Exchange. Ladies and gentlemen, I'm going to be your temporary host sitting in for Nicole Lappin of Money Rehab as she is on maternity leave. We're going to be doing episode after episode every day of what the heck's going on, giving you a forensic breakdown of what's happening into the market as we end 2024.
And stay tuned for some of the best interviews I've done since the beginning of this show in 2024 in food, in fashion, in finance. and fun. We'll be seeing a lot of you, so stay tuned.
Three, two, one. Hey everybody, it's me, the Einstein of Wall Street. We are here with Trade Like Einstein. I am Peter Tuchman, and we're here on the floor of the New York Stock Exchange in the balcony. History is made in this building every single day.
Somebody with my long-term experience, I've been here for 137 years, it is my responsibility to help teach you how to navigate this market successfully. Boom!
Today is Tuesday. I believe it is December 10th. And, you know, look, now we've got two days in a row where the market's pulling back a little bit. I think it's been fueled by a couple of different things. First of all, the market's just a little bit exhausted, right? We know that yesterday's sell-off was probably prompted by a lot of that bad news about monopoly accusations against Nvidia.
And that's, look, once that happens, that really kind of pulled the market down. But look, guys and girls, net net, Friday, you know, due to the great economic numbers that came out, we did close at record highs across all indices. And we've been doing that every day, every week, every month for the last 12 virtually. So these record highs can probably exhaust the market to a certain extent.
People's focuses aren't right here right now. Everybody's out there. They got through their first shopping on Black Friday and Black Monday for Thanksgiving. And now we're sort of in that small, quiet time between now and Christmas, right? We are, all eyes are on the markets for the economic data, PPI, CPI coming out on Friday. That is significant.
That will either be the catalyst to take this market higher or pull the market back. Look, a couple of days of a sell-off or a pullback or slight consolidation when basically it's very sector-centric. is not any reason to really get concerned. Anybody who's been in the S&P this year is up 27%. And you know what?
So you've got two days, the market is not down even a half a percent, so I wouldn't really get concerned. We do have a little bit of a pullback. That's legit. Dow and the S&P were off just a little bit today. 20 handles, nothing to cry about.
Literally, look, if you've been trading this market this year, and you've been in the S&P, and you've been in the Russell, and you've been in the NASDAQ, and you've traded tech, and you've been in this market in any kind of a way, then you're having a great year. I don't think anything's going to change in 2025. I'm anticipating an exciting volatile market. Is it going to go up or down?
The answer is yes. That is a fact. I guarantee it.
But my gut is with the new administration and some of the things that we've carved out by bringing Elon Musk, as wild and crazy as he is, into the mix is going to protect us and sort of pad us, put a little bit of a cushion between us and whatever potential wild and crazy times Mr. Trump is going to have around the China story and the tariff story and all that kind of stuff.
Net, net, you've got so many parts of this market that are super exciting. Also, we're seeing a little bit of rotation. When things tend to pull back, you're seeing people put their money elsewhere. Look, also, let's think about it. Mutual funds shut down at the end of, at the end of October, hedge funds shut down at the end of November. So we are now in the first 10 days of December.
Showing 301–320 of 483 · page 16 of 25
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