Peter Tuchman

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?

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?

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.

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.

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?

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?

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.

The answer is yes. That is a fact. I guarantee it.

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.

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.

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.

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.

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.

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?