Shownotes Transcript
He's been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He's the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He's president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
And welcome to the Monday. It is the Monday, April 21st live edition of the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I'm here with Barry Kite, our chartered financial analyst. We kind of pick up where we left off last week with I didn't see any progress in the trade war over the three-day weekend between us and China.
And now we've got another new wrinkle that the market can chew their fingernails about, and that's the independence of the Fed from the White House. And that has come up. There's a beef, a rift taking place. I do think that our Fed is behind the curve and owes us at least one rate cut. The other countries are doing it, the other trade zones around the world. But right now the Dow doesn't like it. The Dow is down 1.3% so far.
It's at 38,638. The NASDAQ is down 2.5% right now. And, of course, that takes the brunt of the trade war, the tariffs, the NVIDIAs of the world, the AMDs, etc. So something's got to give there. Something's got to start moving in the right direction between us and China. It was last Monday.
But there seemingly hasn't been much progress since then. Yeah, and China, what, today, I think, announced that they kind of warned other countries not to input. Yes, exactly. Whatever deal they make with us, don't impose kind of on them. S&P is down 1.9% right now. So welcome to today's Best Stocks Now show with professional money manager,
Bill Gunderson, president of Gunderson Capital Management. Man, I'm well-rested after three days off. Barry, that felt good. Yeah, great Easter weekend. We get a few days off in this business, and they're very sacred to us because they don't come along too often. And, you know, a lot happened, and a lot didn't happen over the weekend, and that's impacting the markets here today. The markets remain volatile, but...
I think that they've settled down quite a bit. There's going to be some kind of a resolution between us and China at some point in time because China badly needs us. Unless, you know, China goes really rogue here and, you know, starts invading Taiwan or something like that, lashes out. I don't really see that happening, but who knows?
And we do have a spat today, which has been brewing. I mean, this has been an ongoing one, but it really has escalated since Powell's most recent Fed decision was to leave rates alone after the ECB has cut rates already a couple times this year. So we left off on a down note on Friday. UnitedHealthcare, though, was a big piece of that down note on Friday.
with the big drop down 23% in one day. I say it's time to kick UnitedHealthcare out of the Dow. They seem to be a trouble-plagued company today.
But on the other hand, we had big results from Netflix. Unfortunately, Netflix picked a big bad day to report earnings. They reported on Thursday, and then the markets closed for three days. And then the NASDAQ opens to the downside here today so far. So Netflix had a phenomenal report.
And it is one of the stocks we own in our premier growth portfolio. The star of the day, and it's really been the only game in town recently, and today is an exceptional day. Gold. Holy cow. Trump has been a friend to the precious metals industry.
Gold is up to a new high, closing in on $3,500 this morning. And we have some pretty good exposure, Barry, in the portfolio. And all of our portfolios have some gold in them. No, it's been, I mean, we've talked about there was really cash was the one thing you knew how it was going to react, right, given this volatility we've had. And gold's turned out to be the other one that's been reliable recently.
Right. Yeah. So it's been an interesting run for gold. And, you know, there's a lot of signs to say that, you know, that there's still a lot of tailwinds for the metal as well. There seems to be a huge appetite right now. I mean, that's where I see people going with their money. It's not to the bond market so much.
It's not the cash so much. Yeah, quite a bit to cash. But gold seems to be on the receiving end of a lot of people that are frustrated with the market right now.
Had a holiday-shortened week. It ended in the red. I did not do a newsletter over the weekend. That will pick up again. Good for you, Bill. I'm glad you got a little rest in. I wasn't sure if you were going to end up sneaking it in or not. I just got to be honest. After three days off, I was done with tinkering and fiddling and
Doing repairs and gardening, and I'm ready to go back to work, man. There's no way I'm retiring any time soon. I get bored real quickly. Of course, the Pope died. That's a big piece of news. 88 years old. One day after Easter. That's pretty crazy there with the pneumonia. It will be very interesting to see.
Who they pick as the new pope, I think you could say that this pope was on the left side of the political spectrum, even though a pope shouldn't be political, but he was.
And the first Americas, we'll see who their next one is. Will they pick a more conservative European? I don't know. We'll just wait and see how that plays out. It's interesting how news-wise, right, it's like all in social media, which route to go. I mean, you know, years ago, right, it was kind of almost...
still shroud in some secrecy and just magically someone would appear. Nowadays, it's like you've got actual...
Eventually you get a few names out there, right? And it's almost like we're running for president or something. Do you think that game, let's see, King Draft Kings and we'll run a little betting pool on who the next pope will be? I would not put it past them. I certainly know that some of those UK betting houses where you can kind of bet on almost anything you can think of,
I'm sure they have a few names out there. I'm sure Flutter is going to get your action down. Well, okay. Now, I am not a fan of the Fed being autonomous myself because I think that, you know, if you've got an economic policy and pro-growth and this and that,
And you've got somebody, there's obviously a rift between Powell and Trump. And I think the Fed has too much power. That's my opinion, okay? Now, I see Austin Goolsbee, who, I mean, whatever he's for, I'm against. I do not like Austin Goolsbee from the University of Chicago.
Him and Janet Yellen and all those were kind of the part authors of this unlimited government spending plan that hasn't served us well. And, of course, the Fed came along, right? There's a lot of controversy. Just ask, who's Rand Paul's dad, right?
Ron Paul. Ron Paul. I mean, yes. I mean, let's audit the Fed. We don't need a fan. You know, I kind of agree with that. I think the Fed's kind of dark.
You know, it has its roots in that island off of Georgia there, Tybee Island, where they got together a bunch of cigar-smoking old guys and created the Fed. I think that the president should be able to name their own Fed chairman. That's just my opinion. Now, Goolsbee says, well...
The vast majority of economists think that the Fed should be autonomous. Well, the vast majority of economists have been wrong for so many years, it's hard for me to listen to any consensus coming from them. But I do want to hear Barry's opinion as a chartered financial analyst. I'm sure there was quite a bit of study of the Fed and...
Yeah, certainly. And I think the Fed's probably gotten, you know, over the years, right, has kind of gotten a bit of a bad name, particularly, you know, obviously, you know, the financial crisis, kind of a little bit of that, at least initially, right, fell on.
green span, even though it was probably more about greed and how they were packaging up mortgages than anything. But that's debatable. There are certain times, though, where I would argue it's like the Fed has kind of only been the only adults in the room. So there is some pushback there where if they weren't independent, whatever aisle someone decided they're on, then
And, of course, they could print, say, more money potentially, right? So there's got to be, I guess, some kind of balance. But you don't want one that's automatically combative, right? No, that's what I see now, and I don't like that. I think that the 30-year mortgage at 6.9 is not good for our economy at all. It's brought the real estate market, the lending market, the mortgage market to a standstill.
Although I would say when you had mortgage rates where they were at 4%, right? I'd borrow that. 3%. Well, yeah, I would borrow that all day long, but I would never lend anyone 30 years at 3%. No, but they were lending plenty of money. Well, I think there's a happy medium in there somewhere. Okay, when we come back, we'll just mention Netflix, UnitedHealthcare real quickly because they were big news on Thursday before we went on a three-day break here.
And then we'll turn our attention to China. And seemingly there was no progress over the weekend in that spat. We'll be right back. Oh, we're going up. What are you feeling?
And welcome back here to the second quarter of today's Best Stocks Now show. Well, Netflix right now is up $7.59. It would be up more if it weren't for a sloppy day there in the NASDAQ. It's up seven-tenths of one percent. And then UnitedHealthcare, which was the other big newsmaker on Friday, is up $7.59.
Man, it was down 23% on Friday, and of course a member of the Dow. And it's not helping the Dow today. I mean, it's down another 4.5%. I would kick it out of the Dow and I would replace it with Lilly. I mean, Lilly is a health care company. Lilly now is moving towards a pill for the weight loss instead of the shot in the stomach.
And that was also, I think, very notable news from last week. That was big news. Lilly was up big on that news. So that's what I'm for. They finally listened to me and put Amazon in the Dow. All right. And they put NVIDIA in the Dow, which I thought was a little bit premature. But kicking Intel out was definitely the right thing to do. Okay. Now, the other stock we've got to look at today is Boeing. Boeing.
Boeing is pretty much, well, it's down 2.3%. They turned the jets around. A second Boeing 737 MAX jet, originally designed, designated for delivery to a Chinese airline,
was en route back to the United States on money. Believe it or not, I think I saw that airline, Barry, that plane, as I drove over to that neck of the woods the other day. And it was there on the run. They have this lineup of all the planes that are getting ready for delivery. I guess they don't mail the planes. They fly them.
It's interesting. They fly them air freight right there, you know. Yeah, it's interesting. I saw something where it was kind of almost a lot of show on China's part because I don't believe, if I'm not mistaken, I don't think they've made a Boeing order since 2020. Yeah.
Yeah. These are things that were ordered, I think, in 2018-ish or so. Yeah, those are hot items. Malaysia turned around and said, we'll take it. So it's got to come back here to Charleston. The sign painter's got to get up there and white out the Shenzhen Airlines. I think it was Southeast China Airlines that put Malaysia logo on there.
They're not going to not sell the plane. But it is a signal that no progress has been made over the weekend. We had a lot on last Monday when she started to lay down the rules for the negotiations. And I think something's going to give here. It's got to...
But in the meantime, that's a sign that there hasn't been any progress made. And DITC, we're looking for progress in other places. DITC, where the vice president, I think, is meeting with DITC.
With India. Yeah. They sent Vance to India. And I think up there on the overall scale of things, you know, Europe and India, they're working on the big countries first. And, of course, China's number one. That's the one you want to get resolved. And I think China's going to come to the table here, and they want to know who they'll be dealing with. They don't want anybody in the cabinet making disparaging remarks and blah, blah, blah, this and that.
So hopefully that will get resolved. Okay, so Malaysia Airlines plans to buy the Boeing jets dropped by China. And when I heard the plane was turning around, I thought maybe a judge on the Ninth Circuit there in Washington, D.C. was turning around a plane with a bunch of drug lords, you know. Hey, you've got to bring these guys back or MS-13 guys. I'm glad to hear it was China that turned it around.
Earnings this week. All right, here we go. Let's see. Get ready because this will be a big week. Today will be agency, which is a pretty big mortgage REIT that's done terrible. I wrote an article just ripping that thing, and it's done terrible. And, you know, I'm not seeing as many articles on Seeking Alpha anymore about high-dividend stocks. I think too many people have gotten burned by those things.
And the fervor there has died down as some people have learned the hard way that... Particularly in those REITs. Oh, just clobbered. Okay, now, tomorrow the big one will be Tesla. And Tesla, I just don't like the stock. We did have a big Easter Sunday yesterday. I counted eight Teslas in our parking lot, which was full. I couldn't even find a parking spot yesterday.
for easter sunday but tesla is down room only yeah yeah well there was enough chairs but there weren't enough parking places but that's a good thing tesla was down six is down six point seven percent today that's not helping the nasdaq uh and uh i don't like tesla stock right now you know i mean look there's a lot of things stacked up against elon musk right now
Also reporting tomorrow will be GE, Verizon, 3M, a Dow stock, Lockheed Martin, Raytheon, Halliburton, Kimberly Clark, my favorite diaper stock, Northrop Grumman, Donaher, and SAP, and Baker Hughes. So that's a pretty big day. A lot of industrials tomorrow.
On Wednesday, AT&T, a member of the Dow, so is Verizon, by the way, and Boeing will report on Wednesday, a member of the Dow, IBM, a member of the Dow,
Philip Morris, Newmont Mining, Texas Instruments, which is caught up in the tariffs war. We'll get Lamb Research Service now. Chipotle, which is opening their first Chipotle in Mexico. Oh, wow. Okay. All right. Let's see if Mexicans think Chipotle is real Mexican food or not. There's always been a debate there.
General Dynamics, Thermo Fisher, Las Vegas Sands, and Alaska Air Group. And then on Thursday, it will be Google. And guess what? Google's going to appear before the Department of Justice in their case antitrust. They want them to divest Google Chrome. And right now it's Meta that is under the microscope. I can't believe that. I mean, to me, the biggest monopoly is Amazon.
I mean, what aren't they getting? It's harder to figure out what they don't sell than what they do sell. So anyways, Alphabet's going to report. And then you're going to get Intel, Gilead, Procter & Gamble, Merck. This is a big week of earnings. Bristol-Myers, Nokia, Pepsi, Apple.
How many companies are going, they say the new trend is split guidance. Split guidance. They'll give guidance, you know, if the tariffs get settled. Because we get that from United, they were kind of the first ones. Yeah, and they'll give guidance if it's the worst case scenario. So split guidance, and the truth is probably somewhere in the middle. And then on Friday we'll get Schlumberger's.
ABV, Phillips 66, which Dodger fans are boycotting. They don't like the Dodgers advertising Phillips 66 on the scoreboard. Charter Communications, Centene, AutoNation, Square. Okay, so some pretty important ones.
Now, the other big news that kind of slipped through the cracks last week, and that's a major breakthrough. Eli Lilly plans to make the weight loss pill. Okay, just the fact that they're going to have a pill, I'm going to look for the date here that they think it will be out, but they plan on making it in the United States.
The stock was up 14% on Friday. It reached its main goal in Phase 3 trials for adults. That's a huge, huge breakthrough going from a shot in the gut to a pill. Okay, big, big news. Okay, when we come back, we'll look at other trade wars, us and Europe.
And, of course, J.D. Vance. This is Bill Gunderson. Thank you for tuning in to today's Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show. Music
The instigator, because there's something wrong.
And welcome back here to the second half of today's Best Docs Now show. I still don't think this is a good market to be buying inverse funds. It's all it takes is one breakthrough, okay, with China or one breakthrough with Europe. And I did read that they're getting much, much closer in Europe now.
It's kind of down to how much methane that we put in. They want methane in the gasoline, and we don't like to put too much. So we've got to kind of get an agreement on that. But those talks are moving forward very rapidly between the EU and the U.S. And, of course, the U.S., I think that's a legitimate beef agreement.
Why did you turn for your energy supplies from Putin and Russia? Okay, that's a big mistake. Now the EU realizes they made a huge mistake. And of course, they're not exactly Putin fans. I mean, they're 100% on the side of Ukraine. Why not buy your energy from the US? We have plenty of liquid natural gas. We're open for business. It's for sale.
And I think that will be a big, big part of the agreement that we eventually reach between the EU and the U.S. So there is progress being made. It sounds like they're getting down into the fine print and the details there. Unfortunately, it sounds like with China, I'm sure there's things going on in the background that we don't hear about.
But, you know, that is a chapter in a book that has not been finished yet. And the market is so dang impatient. They always want immediate, immediate help, immediate solutions so they don't have to fret and worry and chew their fingernails. That's just the way the market is. In the meantime, J.D. Vance arrives in India today.
Well, he's a good one to send there. His wife is Indian, right? She's of Indian descent. So J.D. Vance carrying out the mission there. He is set for trade talks with Prime Minister Modi.
And they've been terrible on trade. India has been terrible on taking U.S. goods and buying U.S. goods. And I know the other guy who's been visiting India here recently has been Elon Musk, trying to open up the markets for Teslas there in India. Or he's headed there a day after the U.S. delegation. So anyways, we'll see what happens there. In the meantime, Trump's economic approval rating hits a new low.
And that comes from CNBC. And of course, CNBC, no friend of Trump. CNN, no friend of Trump. Bloomberg, no friend of Trump. They're going to accentuate anything negative. That's the way it goes in today's world. But I would say it's a book that has not been written yet. It's being written as we sit here.
There's a chapter on Europe. There's a chapter on India. There's a chapter on the U.K. There's a chapter on China. There's a chapter on Japan. From what I can see, there's great progress being made in Japan, and there's great progress being made in South Korea, which is also a pretty big player on the world stage, especially as it relates to technology.
There's a lot of news today, too, on rare earth stuff, a lot of individual companies. There is news on AI. This is a global first, Barry, and you know what? I know we're headed in this direction, and I don't like it. In a global first, the United Arab Emirates plans to use AI in lawmaking.
I don't like that. Okay, are we going to replace judges with artificial intelligence? Are we going to make our laws from artificial intelligence? I'm sorry. I want the human touch there. This is not a good...
It reminds me of the carnival, the fortune teller where you put the money in. It's like, oh, hold on tight. Are you guilty or not? Don't meddle now. Like, oh, okay.
No, I don't like this. I don't like this precedent. But this is the first. We knew it was going to come. We've got to run through some court cases real quick. I mean, there is a backlog, of course. We knew it was going to come to this. And, you know, I kind of prefer the Ten Commandments myself and not letting artificial intelligence decide what the Ten Commandments. Which Ten Commandments? Which of them should we get rid of?
China's Huawei set for mass shipment of new AI chip, but it's nothing like NVIDIA's chip. But this is dragging on NVIDIA big time for now. And again, this is a chapter, this is a paragraph in the chapter on China. Where will we end up with these AI chips? Because the licensing, having to get a license from the U.S. to sell to China,
I read that the analysts have cut earnings estimates by 8% to 10% for the next 12 months for NVIDIA and for AMD.
Because both of those companies are caught up in this latest salvo fired by the U.S. And again, it's a salvo. Okay, if you're going to do this, then we're going to make you get a license for the H20 chips. And that did hurt those stocks. But I still say if you're going to invest in a tech stock, there's not a better one in the world today. I believe there's two. There's NVIDIA and there's Palantir. They're both great companies.
EPA grants exemptions to dozens of coal plants. Well, I mean, that's a big change from the previous administration who was shuttering coal plants. Europe has shuttered coal plants. And the U.S. is, Trump says we should not eliminate. We should continue to use the coal plants until we have something new to replace them with.
So, anyways, Toyota may move some of its production. The RAV4, I guess, is a hot car. I think at its price point, I think it's a very popular car. And it's really hurting them big time with the tariffs because a lot of them are built in Mexico. But they're thinking of moving much of the production, especially for the American-made ones, to Kentucky. Okay.
So RAV4 here, let's take our hat off to Kentucky, and they may become a big manufacturing part of the RAV4 for Toyota. In the meantime, Ford has halted shipments of F-150s and other models to China. Well, of course they're going to halt shipments. I don't know how many China buys of our F-150 pickups. I doubt very few, but...
That is a blow for Ford. Nobody's going to buy a Ford in China right now with those heavy tariffs that are out there on those things.
A Ramco and BYD sign a pact to explore new EV technology. So, I mean, that's a pretty big story underneath the surface because Saudi Arabia was pretty much very beholden. Tesla, obviously, has a big presence in Saudi Arabia.
And what's the one they invested in? Lucid. Lucid has a big presence. And they're diversifying. I mean, it's a diversifying play, right? Obviously, Ramco being very oil-based. Yeah. They're diversifying into other industries. Yes, including EVs. So they're going to look at new EV technologies with BYD. And, of course, BYD is the one that came up with the fast charger, the ultra-fast charger.
Which I'm surprised we don't have an answer to that yet. I still like when we did a story on Nio, and they had a thing where you drive in and literally all the batteries come out. Yeah. They put your new ones in and you just leave. I don't know that I like that one.
You know, a propane tank I can see, you know, but I don't know about, why do that when you can charge it in five minutes? I agree. I just thought it was amazing. Like, what do they do? Like, it was a Lego car. Just take out the batteries and throw some more batteries in there. Those things are heavy.
But anyways, that is one of the solutions that is being looked at. But in the meantime, a five-minute charge to get you 250 miles seems like, wow, let's go that route. It will also heat up your burrito if you sit in the seat while it's being charged and you need something microwaved. You'll know it.
Okay, now let's go to the rare earth because that's a big deal. This is a real, and there's a lot of news. Part of that battery discussion, actually, electric cars. Yes, well, I mean, it ties right in because the batteries have a lot of rare earth minerals in them.
Trump administration has picked Perpetua Resources. I wrote a whole article on Perpetua along with two other stocks that are right smack dab in the middle of this. Perpetua, I thought that was a Canadian company. No, Boise, Idaho. That's right. It's Boise, Idaho.
They were up 6.4% pre-market. Now they're up 1.4%. Its Stibenite gold project in Idaho was selected as a transparency project in response to President Trump's recent executive order aimed at strengthening American mineral production and reducing U.S. reliance. You know, Idaho's coming through with a lot of things, new nuclear technology, new
And now Rare Earth. And, of course, Micron Technology is there in Idaho. So, anyways, Perpetua PPTA has backing of the Trump administration. But wait, there's a new player when we come back in Noblesville, Indiana, that is shooting higher today. And there's progress being made between the Ukraine and the U.S. on Rare Earth. We'll be right back.
You gotta go, you wanna go, do what you wanna do, live it to the fullest.
And welcome back here to the final segment of today's Best Docs Now show. The big question on this Jerome Powell issue and spat is, can a president remove a Fed, the head of the Fed, a Fed chairman, Barry? I don't know the answer to that question.
because, you know, Jerome Powell refuses to leave. He's good for another year at least. And can the president remove...
A Fed chairman. I don't know the answer to that. I guess we're going to find out. I think it's going to come to a head. I really do. Yeah, I mean, you know, I'm kind of torn because the problem is, of course, if, you know, sets precedent where some other president down the road can do it, too. You know, I don't know. You've got to have... Well, I mean, you're just... They have a mandate in terms of, you know, they've been given a mandate in terms of, you know, what inflation needs to be around, what, you know, what employment needs to be around, and...
In terms of those numbers, none of those numbers say cut interest rates. It doesn't mean you can't be ahead of the game because he's been behind. He's usually behind over the time frame, but...
The thing is, be careful what you wish for, because when you have the other side of the aisle that's in charge down the road and they want access to the purse strings, the only adult in the room has been the Fed. Every president wants lower interest rates, right? Well, yeah, of course. But, of course, he inherits a guy that was the Biden administration. He was their Fed. But I think he was appointed originally by Trump.
Powell. Oh, no. I believe he was. I'm pretty sure it was a Trump appointment. So if they can appoint them, I don't see why they can't change them. Well, we're going to find out. It should be an interesting... I mean, otherwise we would have never got Volcker, by the way, because Volcker was raising interest rates at 2% or 3% at a time. Yes, he did. So my guess is that president, right, whether it was partly Reagan or some Carter piece, yeah, those are the ones where it was like...
They would have ousted them, right? So there's certain pieces where I would see that you kind of need some autonomy. I don't know. In politics, is anything autonomous anymore, right? Well, okay, back to rare earths. Let's solve simpler problems right now. Okay, here's a new player here, all right?
This company is in Fishers, Indiana, American Resources. The symbol is A-R-E-C. And I looked in my database, and it has not come up before. It's only been around since 2021 as a public-traded company. It was trading at $0.38 just two weeks ago, and now it's $1.35.
But what their main business is, they process, transport, and sell metallurgical coal. But they said on Monday that they are going to meet surging demand for domestically sourced rare earth oxide at its Noblesville, Indiana facility today.
They're going to expand their rare earth oxide production at their Indiana plant. The company said the phase two growth process from design to commissioning was completed in less than three weeks, and it will double the plant's production of finished rare earth oxides. With the third phase of expansion now underway with equipment delivery expected in six to eight weeks,
and projected to triple production levels when compared to Phase II.
So there's a new one. I added it to the, now they're rare earths. Neodymium. Did you get that one right on the test? Neo? What are the 17 rare earths? I was about to say, I feel like they're making up something along the way. Neodymium is one, and they're going to ramp up production of that. They're going to ramp up production of praseodymium, praseodymium,
Diprosium, that sounds like a drug you'd take for depression. Take some diprosium and you'll feel better. Terbium is another one. Now, I don't recall those from the chemistry test, to be honest with you.
While the Noblesville site was not originally intended to be commercial, growing customer demand, especially following recent global trade shifts, has made it an essential part of our operations as we continue developing our larger Marion. Okay, we all know Marion, Indiana. What was that? The Music Man facility re-element, CEO Mark Jensen said. So, okay, Noblesville, Indiana becomes a player site.
and a stock in EC to keep your eye on. In the meantime, the U.S. and Ukraine have inked a memorandum of intent. Okay, that's the first step, M-O-I. Then I think the next is a letter of intent replaces the memorandum of intent, and then there's usually a deal paving the way for a critical minerals deal.
So there you go. I mean, you could buy, you could mine the rare earth. I mean, Trump wants access to the rare earth for the billions of dollars we've spent. He kind of, remember he used to say in Iraq, we should have taken the oil. Well, he wants to take the rare earth as payback for what we gave to them. Then they would ship it to this plant in Indiana and process it.
So anyways, that is going on. Processing is the key. I think it is. Because that's where China comes in, where China right now is the place to process it. And so even if getting access to it is the first step, the second step is actually processing it. Trump claims they have a deal that will be signed Thursday, and Secretary Scott Besson says we're still working on the details.
We're shooting for around April 26th. So that's a big breakthrough. That's our friend Zelensky over there in Ukraine. And they did have a ceasefire over the Good Friday. And that's nice. And Easter. But now they're back at it today. You know, the guys are back to work blowing each other up and blowing apartment buildings up and killing each other and all this and that. We would hope for peace there.
And, of course, this week is a big earnings week. I mean, it's earnings, earnings, earnings. So there, was that enough news for you to digest on everything that's going on in the market? It's going to smooth out. It's a rocky day. I don't know. I think right now the most interesting story is the Fed.
and Trump and seeing what happens there, whether he's able to remove Jerome Powell. And if Jerome Powell does, it's going to go to the Supreme Court. That's what's going to happen. It seems like everything these days goes to the Supreme Court. Anyways, we're out of time.
We're lining up our Cleveland trip, which will be approximately four weeks from now. And then we're going to Lakewood Ranch. I had it backwards last time, shortly thereafter. And then we're headed to Bloomfield, Michigan later after that.
Make an appointment with us. There's some good value plays, relative value plays right now. 855-611-BEST to get four weeks of our trial. Everything, the whole enchilada, GundersonCapital.com. Have a great day, everybody.
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