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
And so you're not seeing the volume that you usually would see because a lot of the major players have stepped out. They've shut down their books for the year. If you think about it and you were a hedge fund and you were in this market at all, and I would imagine they've had a better year than they've had in a while, then you know what? Why am I gonna take the chance of all that?
Look, either it's going to be a major sell-off by the end of the year because people are going to start taking profits from a great year.
Why would I want to sit around and wait for that when I've got to go back and I've got to sit in front of my customers at the end of the year and I've got to explain to them why I had such a good year and why I'm going to stay around for that last month to give back any of the gains that I've had, right? No reason for that.
So that's why you do see some of the major players in the game shut their books down end of October, end of November. And so who does that leave? You've got people also positioning themselves for 2025. Obviously, there's going to be a lot going on coming into the inauguration, coming into the beginning of the new administration, whatever Mr. Trump plans on doing.
My gut is we're seeing that Jay Powell, there's not going to be an interruption in the Jay Powell story, which I think is good, because look, whatever you may think of him, politically or not, he's done, I think, a great job. If it wasn't for him, I think, and what he did and the way he planned this thing, let's think about that for a minute.
This man, after COVID and after the crazy inflation story, and nobody should blame him for it at all. It was all, again, don't even blame Joe Byron for it. It had nothing to do with that. The bottom line was you had the perfect storm happen between COVID, everybody not wanting to go back to work, a complete interruption in everything in the world, right? The world shut down. It closed down.
There was blood in the streets, people dying everywhere. and then you have to turn the switch back on, and there's still people who still haven't gone back to work. I mean, how crazy is that? Look, I knew, for me at least, given the opportunity to go back to work, I definitely took that chance. But anyway, somebody took us from,
from COVID, got us through COVID, printed a bunch of money, learned our lessons from 2007 and eight. It took nine years to get back to even after $800 billion was input into the market as that stimulus to get us out of the financial crisis. Nine years to get back to even because they put 800 billion into the market over 18 months.
This time confronted with a major, major geo-global economic disaster that COVID was. We put $3 trillion into the market over three months. That's like a massive triage as opposed to kind of trickling in the help that we needed. It's like a big Band-Aid as opposed to small little Band-Aids. And at the end of the day, we were back to even by August.
12th or 19th of the same year, up 20% in 2020, 28% in 2021. That's what his policies have done, and that's unbelievable. And look, then we got ourselves up to 8.5% in inflation, and we've gotten ourselves back to 2%. We've gotten unemployment back to where it needs to be. We've gotten everything gas back to where it needs to be. So net-net at the end of the day has done a great job.
We are in a good situation. We are having a great year, and I want everybody to appreciate that. Anybody who's participated in this, I hope you had a great year.
If you haven't, and you wanted your New Year's resolution, it's going to be, I'm sitting around on weekends with my friends and family, and everyone's talking about how they made money in tech and in crypto and in the market and all that, and I'm sitting here having not participated in all of it, that's got to end. You've got to reach out to me, DM me the word, wild and crazy.
I will happily set you in the right direction. My gut is probably by the end of the week when we have the economic data come in, PCI, PPI, PCE, I believe, PPI and CPI, that's when we're going to see this market, I think, sort of take off. Look, anything can happen, but that's my gut. That's the way the market's been acting. Don't get all freaked out about the last two days. It's healthy.
Markets pull back. If nothing is fundamentally changed in the stocks that you've been watching and they've down like 1%, 5%, whatever, they're off $2, $3, $4, $5, which they have been over the last couple of days. If you were dying to buy some tech, but you didn't want to pay top dollar, well, it's no longer top dollar. They're trading at a discount.
It's like your favorite leather jacket at Macy's when it goes on sale during the holidays. You don't go running for the hill screaming fire, fire, fire. You walked into the store. Put down your credit card and buy that coat. That's what I want you to do. Have a shopping list in the last three weeks of the year.
If we do have a sell-off, which would be fine because we've had a great year, then have a shopping list of the companies that you like, the people, the process, the product, the profitability. Those companies you've been watching, they've been trading, frothy. across the board. And now hopefully maybe they will go on sale. Then that's the time you take your time to buy.
Anyway, do your own homework. If you want to learn how to trade the market, come join me and David Green at Wall Street Global Trading Academy. If you want to get an update of this market every single day, come and watch Trade Like Einstein with Money News Network with me and Nicole Lappin. Have a great day. Bing bong, Shotzi. I love you. I'm out of here.
Hey, everybody. Now that we've done the wrap up on what the heck's going on, episode 9487, please stay tuned for one of my favorite interviews of the year from 2024. It's coming right at you.
We are so excited today to have something super, super special. We have our young friend here, Alicia Ishvak, okay? She is a student at Baruch College, and it's super important for us to really understand what's going on here. You know I like to break down that I've found something I really love to do. We talk about education, motivation, inspiration, and whatnot.
So I was fortunate enough to meet this young lady through, she actually came to me and tried to come and meet me here at the New York Stock Exchange. And she represents a group of young finance students at Baruch College here in New York City. And we were able to sort of connect. And that was sort of important because, you know, everybody tries to get to me.
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