Wednesday Apr. 9, 2025 - We need a deal with China
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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 Wednesday 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.

And he's a CFP, Certified Financial Planner, on the side in the evenings and during the day. And we've got, is that green on the screen? Now, I am red-green colorblind, but that looks like green to me. Yes, it is green. Look at that. For the moment, you never know. I'm so used to seeing red. The Dow is up 182 points, 37,827 points.

The NASDAQ is up 203 points. Can that be right? Let me wipe my glasses here. No, that's right. Okay, up 1.3% today. And the S&P 500 is up three quarters of a percent today. Gold is making a pretty good move today. Gold is up almost 3%. Let me see where it is right now. Gold is up, yeah, 3.5%. Wow.

That gold holding that we have is doing well, $3,095 on gold. Crude oil continues to get slugged in the stomach. Crude oil is $57.35.

And a big jump in interest rates today. I think China, this is my opinion, I think China is selling our bonds as retaliation. Good luck with that. 4.37 right now on the 10-year. And Bitcoin, there may be some manipulation going on there in Bitcoin also. Bitcoin is down a couple of thousand. 77,970. So welcome to today's Best Stocks Now show.

with professional money manager Bill Gunderson, president of Gunderson Capital Management. The tug-of-war continues.

It's a life and death struggle, really. It's really the best way to put it. I mean, after yesterday's volatility. Yeah. But, you know, really at the end of the day, you know, I just remember it's normal to think during the darkest days of COVID that we're all going to die and the planet will be depopulated and there won't be anybody left. We're all going to die of COVID. It's natural to think that.

And I think you can fast forward to today and see 110% tariff on our goods selling to China, which we really don't sell that many goods to China. They don't buy that much, about one-fifth of what we buy of their goods. And the 100% tariff on China, it's natural to wake up and say, well, yeah, the world's doomed. It's going to remain like that. Nobody's ever going to budge on either side. Well, I do believe that somebody will budge.

Wasn't it Nixon that went to China and, against all odds, actually opened up relations with China? The Mao Zedong era of China. If Nixon could do it, I would think that Trump can certainly do it. And didn't Nixon there went off the gold standard, too? Yeah, he was. That's pretty epic. I debated Steve Forbes on CNBC over that subject, whether we should go back onto the gold standard or not.

But I think that, you know, what we really need, the elephant in the room right now is China. It seems to me that all the other countries who don't have as much clout as China does, they seem to be coming around. I mean, 70 countries. Now, we do need to get deals. I mean, it's one thing to have them call.

and want to make a deal, but, I mean, what's the deal-making capacity? Is Trump the only one that can make the deal? I hope not. Well, and I've came to the conclusion that some deal has to be, has to happen, right, in some form or fashion, because, you know, you've got economists on one end, right, I think that, you know, what they're looking at is, obviously, if

current tariffs stay in place for an extended period of time. Never get worked out. Right. And so the point is those tariffs probably won't

won't never be in place, right? At least in some form or fashion. If you came across the news right now that a flat 10% on tariffs, what do you think the market would do? Probably launch up, right? Oh, Lord. Short interest? Well, I mean, look. Europe proposed a 0-0. Right. 0-0. They proposed that. And Trump turned it down because there's still something more that he wants from them, obviously. Right.

And, you know, I mean, China is not going to remain at this level that we're currently at. And neither was the death rate of COVID in New York City. Yeah, and that's what I think. That's why in morbid analogy, but that's why I like the analogy in the sense that, you know, in those times, it was almost like,

Folks were thinking the economy was going to be shuttered forever, right? And you knew at some point life has to get back to something, right? In some sense, a normalcy. Yes. And so that's where we're at. And the market started moving higher way even before the COVID death started dropping because they could see beyond it that eventually it was going to work its way through the system.

just like this tariff war is going to eventually work its way through the system. And I think in the end, everybody's going to be better off, okay, than we were before, especially, I mean, we have the most to gain because it's the other countries that have been charging the tariffs against us.

And it's the other countries that have been on the receiving end of factories leaving America. I think things are going to be a lot better for us. We stand to gain more than anybody out there. But we do need to make the deals. There's no question about that. Just don't talk it up. Oh, yeah, they're willing to make a deal. They're willing to make a deal. Let's get some deals done, and this thing's going to start turning around.

We're doing well so far with Nvidia. Gold's doing well. Palantir's doing well today. CrowdStrike's doing well. Flutter's doing well. Microsoft is doing well. Dash, DoorDash is doing well. Dutch Brothers are doing well. Those are all up today as things continue to work their way out. You know, it's a struggle. I know it's a struggle when two sides are at odds with each other.

And like I say, it's really the elephant in the room is China. It's China that we need to get the deal with. So let's all pull for, pray for, hope for, wish luck to the people that are negotiating these deals, especially between the U.S. and China. For me, that's the big one. And I do think that there will be a deal.

And, you know, they need us very badly, and it's better to be friends. I think Trump takes the approach, it's better to be friends and have an open dialogue than to turn your back against one another. So anyways, the market is up despite China putting 84% tariffs on,

on U.S. products, and right now the Trump levy is 104%. You know, my wife went in about two weeks ago and got an iPhone. She had one that was so beat up. I said, honey, you know, they've come a long ways. Your camera's still in pixels there. I can see the pixels in my eyeballs. I said, go get yourself a nice new one. So she did. I said, it's a good thing you did.

Because as far as I know, the tariffs went in last night, and there's a 100% tariff on an iPhone brought from China. That's the way I understand it. I could be wrong. I said, you could probably turn around and sell your iPhone, make some money on it. She didn't want to do that, but I'm just saying this 104% levy on Chinese goods. And, of course, Walmart today says, you know, we're not even going to give any guidance right now.

We're okay. They kind of reiterated their quarter that this quarter is going to be fine because obviously nothing's affected them yet. But we're just going to hold off on guidance for now, which is the natural thing to do. I looked at my app today. The number one ranked stock ETF slash mutual fund in the app right now is SARC.

What is SARC? SARC is two times inverse Cathie Woods. Now, that's not a good endorsement for Cathie Woods. If you inversed her two times, that's the number one ranked item in my app right now. Number two is AAPD, which is twice inverse Apple.

And Apple's made some bad decisions, okay? Number one, they have lost their growth really before this all came about. And now, you know, they face – now, the question is, and I read the pros and cons of this, Dan Ives, who's not a – he does not like Trump.

He doesn't like to call a total bull an apple. Apple bull forever. He says if we built them in the U.S., it would cost $3,500. That's what he's claiming. Trump claims we can build them in China. I don't know where the truth is. I think eventually they're going to work something out to where they can still build them in China.

And China's going to come around. In India as well. Yeah, and it'll be part of some kind of big grand deal wherein, you know, we don't have the wherewithal to get a plant up and running right away. And Trump's saying bring the Apple manufacturing home to the U.S. I think eventually they'll get some kind of a pass, but it's part of a grand deal. The number three ranked stock is Google Inverse.

And we talked about Google yesterday being, you know, way behind Microsoft as far as the AI race. So anyways, China escalates the trade war this morning with 84% tariffs on U.S. goods. And those negotiations are going to really heat up, in my opinion. And China right now is the elephant in the room. What is China's beef?

Well, they're not buying any U.S. beef. That's one. But I want to talk about what their beef is when we come back. Oh, we're going on. What are you feeling? Yeah.

And welcome back here to the second quarter of today's Best Docs Now show. Well, China put out a white paper on U.S. trade. I found that to be very, very interesting. And they say that they are willing to resolve differences with Washington through equal-footed dialogue. But they call out the U.S. for causing multiple obstacles in trade between the two countries.

Multiple obstacles, Barry. I mean, who built the ports here in Charleston and dredged the harbor to accept those giant ships that they've got?

I wouldn't say that we've done things to hinder trade between us. I was going to say, I kind of hope we have put up some obstacles, to tell you the truth. A few, yeah. Okay. So, I mean, that's... Well, here's what they claim. They claim that they have adhered to the 2020 trade agreement between the two nations. Well, they haven't because they committed to buying so much of our produce and agriculture. They have not done that, right? Nope.

Limited U.S. production capacity has hindered exports to China, so they're saying we can't make things fast enough in the U.S. for their taste. The only thing they could really point to was lower aircraft deliveries from Boeing, which, you know, yes, okay, Boeing did have issues. That makes sense. That makes sense. I'll give them that one.

Their next issue is, and I have a hard time with this one, the poor quality of U.S. wheat.

exported to China in 2020. Now, I want all you listeners in Montana... In 2020. Yeah, there was a poor quality of U.S. wheat in 2020. All right, well, I would just say we have the richest farmland in the world and more of it than anybody else. I would say the quality of our agricultural products...

I don't have any problem with my wheat. I find that Montana wheat, hard red winter wheat, to be fantastic. I grind it in my grinder and make homemade wheat bread out of it. It works just fine for me. It's the most delicious wheat I've ever had. But okay, all right, so that's number two. Now number three...

They called out limited competitiveness of U.S. products. They claim that U.S. soybeans are at a price disadvantage compared to South American soybeans. Okay, all right, so we charge more for our soybeans.

Then South America charges for their soybeans. Did you not know that ahead of time before you made the agreement to buy the products? Well, and, you know, is South America subsidizing their farmers? You don't really know that either. And they claim U.S. beef is significantly more expensive, roughly 50% higher than South American beef. Well, when I go to Hall's Chop House,

I don't see any South American beef on the menu there. But, okay, let's give them that. Don't buy our beef. It's 50% higher. I wonder if the quality is any better. Where's the beef? Yeah, okay. And they say that U.S. rice can hardly compete with Southeast Asian rice in terms of quality, appearance, taste, and price. China does not deliberately pursue a trade surplus...

saying rather it's an inevitable result of the structural issues in the U.S. economy and a consequence of the comparative advantages and international division of labor between the two countries. So these are all talking points. These are all negotiations going back and forth. And I would say that the number one issue that Trump and his team need to resolve is to strike a landmark deal,

With that set the market on fire, with that set the world economy on fire, I don't believe that both sides are going to turn their backs and not talk to each other and ruin each other's economy. China desperately needs us. China is in a reset, deep recession slash depression that they're trying to climb out of, and they're trying to export their way out of that situation they're in.

Obviously, if you're trying to export your way out of a depression slash recession, you need buyers of your goods that you manufacture. So anyways, Hegseth says the U.S. will take back the Panama Canal from China's influence. Okay, there's more.

I'll tell you, the two sides are really pulling out the nuclear options here. And I believe that it's China selling our bonds today that are driving up interest rates to 4.35%. That's good news for savers. Well, remember, we were at 3.9 just last week, right? I mean, last Friday, I think it was. On the flight to safety. And I'm sure that they're doing this, that...

you know, to get our attention because they are. I mean, we're having a big bond auction today, I believe. You'll have to keep your eye on that. One more thing to keep your eye on today, the bond auction, see how that goes. If there's a buyer strike of U.S. bonds, obviously that wouldn't be a good thing because we're not out of the deep, deep, deep, deep deficit that we're currently in. We're making attempts to climb out of it, but we still need to borrow money to

to get us out of this mess that we're in. All right, let's see. Okay, China urges dialogue. I read that. The world trade. China opposes unilaterals. Protection of the... It's the 10-year auction, by the way. Okay. The 10 years of...

That's an important one. Important one. And, of course, it's, yeah, so that bond auction here is here today. So we'll see. It's interesting how we were at 3.9 just, you know. Yes. And last week, late last week. We should have shorted the bond market. We could have bought TBT at that point in time.

Okay, Wall Street's volatility gauge ends above 50 for the first time since COVID. And when it goes over 50, a year later, the S&P 500 is up, what was it, 98% of the time? Yeah, 96, 98% of the time. I think when it gets above 40. So to even get above 50 is even... Yes, makes it almost 100% certainty. But hey, you know, look, I've always said, choose your gurus wisely.

You can listen to the New York Times. You can listen to Jim Cramer. You can listen to the Wall Street Journal. You can listen to Bloomberg. You can listen to the traders on CNBC. I've watched that a few times, and it's almost like, oh, my gosh, this is unbelievable. So anyways, Trump says that Taiwan's semiconductor could face 100% tariff if it doesn't build in the U.S.,

Well, they do build the highest-end semiconductors in Taiwan, and they do not want to move that production to the U.S., but at the same time, they're extremely vulnerable to China. You know, if China were to invade Taiwan, that would shut down those factories in Taiwan that build those all-important semiconductors.

semiconductors and Taiwan is building a plant in Phoenix, Arizona, Taiwan Semiconductor, but they're going to make the lower end chips there. So anyways, there's more rhetoric. Now, Taiwan, of course, we have a pretty good relationship with and Taiwan is seeking a very swift resolution. Their tariff is 32% right now.

And I think Trump is using that against Taiwan Semiconductor to get them to build plants here in the U.S. Apple's slide extends as China hits back on tariffs, raises rates on U.S. goods to 84%. I'll tell you, Apple is really in the crosshairs here.

And that's been part of the slide in the NASDAQ and the Dow, is Apple is a huge component of the Dow. Nike is a member of the Dow. They're in the crosshairs. And I've got a little report for you where Nike builds their shoes and their apparel. We'll be right back. 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 GuntersonCapital.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. The Instigator Because there's something

And welcome back here to the second half of today's Best Stocks Now show. I just checked the market to see if we were down $1,300 yet. It hasn't happened yet. Okay, we're still up.

The Dow's up 193. The NASDAQ's up 277 right now, which is a pretty good move, 1.9% move. What about the swing yesterday? You're talking about a tug-of-war. It was like up 4.5 when we started the show. And then at one point in the afternoon, it was down. I'm talking about the NASDAQ. And NASDAQ was down 3.5. I'm like, what kind of swing? I mean, you're talking an 8% swing, right, in the market and in the market.

in one day. It was, you know, intraday and it was, I just pictured, you know, that tug of war first part of this might move so fast, right? It was like, you know, the sellers just took off with the rope, right? And then the short sellers came in and just right. Tug back. And eventually the short. So I think the short sellers are in the weakest spot. I really do. And, uh, I would also say this, that this, this is a different kind of a bear market, uh,

I think the best comparison is COVID because this is an event-driven bear market. Event-driven. This is an economy. It's not an economic. No. Right. And event-driven bear markets come back a lot faster than like the financial crisis took a couple years to work its way through.

The NASDAQ sell-off, the dot-com, that was a valuation. That was not an event-driven. That was a valuation. That was a bubble akin to the Holland Tulip bulbs, and that takes a long time to come back. So there's different kinds of bear markets out there also. Now, having said that, we are up today. We'll see whether it holds or not.

But I would just emphasize the fact that right now I would keep my eyes on China. You know, Vietnam came around and 0%, and that's pretty big because they've become a huge manufacturer. I mean, a lot of that stuff that was being built in China has moved to Vietnam because their labor is even cheaper, and the sweatshops are even sweatier, I'm sure, where it's produced, but they produce at a lower cost than China.

And China's lost, I don't know how much manufacturing they've lost to Vietnam, but a considerable amount. They're building EVs in Vietnam, and Vietnam did come around. Now, this question of whether or not we can build iPhones in America, last week, as I said, Wedbush securities analyst Dan Ives said the tariff certainly brought forth by President Trump turns the supply chain upside down.

and could result in iPhones costing as much as $3,500. He says the concept of making iPhones in the U.S. is a non-starter in our view at $1,000. Okay, yeah, well, okay. He believes that it would cost a heck of a lot more to make them here, and I do believe there will be some kind of carve-out, some kind of work-out,

along the way some kind of a compromise that will eventually take place here out there now you know look we're so divided as a country we can't even agree on you know like socks anymore it's just one side is dug in the sand and the other side's dug in and that's it and you can choose who you want to listen to okay

And I have people that I haven't even read the comments on my article. Last time I looked, there was 120 or something. I have the guts to put my neck on the line. I've been right. I'm three for three, if I'm not mistaken. Actually, I didn't write an article in 2009. I just wrote a newsletter. I'm actually four for four. I called the bottom in 2009. I called the bottom in COVID. I called the bottom after the Fed rate hikes. That's three for three, I guess.

And I say that it's going to go up from here. I think the tariffs are going to work. But people definitely disagree with me. I had one person write to me, I share the view of Ken Langone. Okay, Langone is former CEO of Home Depot, one of the geniuses, creators behind Home Depot. And I certainly respect Ken Langone.

But I disagree with him. Now, he, Home Depot, depends on China stuff to sell it, right? And see, here's where you can have kind of two rights, right? In other words...

Economically, economists, CEOs, bank folks, right? If these tariffs stayed in place forever or for an extended period of time, right? Certainly, all of what they're saying is potentially possible, right? The difference is, like we said, I don't think the number... If you told the market today that, hey, it's going to be a 10% tariff across the board, the market would...

explode to the upside, right? So it's the uncertainty, and we're certainly not going to be able to have 104% tariffs with China for an extended period of time. There's no need for it. There's a deal to be made there on both sides. The other people he calls, well, let's not forget Jim Cramer on Friday said that we were going to have a Black Monday. He referred back to the 23% crash

that your father witnessed in 1987, and Jim Kramer predicted that. Yeah, and with certain circuit breakers and things, I'm not, you know, we had the fastest correction was during, remember, was during COVID. The first, it was a six-day period, and then we just had the quickest, the next fastest one since then, right, most recently, and it was eight days, right? And only two of those days were weekends, by the way, but...

You know, so I would say we kind of had a version of Black Monday, right? In those last couple of days of February, first two days of March and COVID. Well, okay, and the other people that he hangs his hat on, Ken Griffin is a guy who hates Trump. Ken Griffin is Citadel down in the – he moved his operations out of New York City down to Florida to save taxes. Right.

Can't blame them. It's a little more business friendly down there. Griffin absolutely hates Trump. And do I want to listen to Ken Griffin? You know, Scott, I'll throw Scott Besson in your face. He's the Treasury Secretary. He's got a heck of a lot more clout than Ken Griffin does. He controls the purse of America.

And, you know, he was a major hedge fund money. The hedge fund managers don't agree, and that's obvious. I mean, they never do. And he calls out Jamie Dimon. Well, Jamie Dimon was there in the financial crisis of 08 and 09. He's not unscathed. And Schwarzman is BlackRock's CEO, who hates Trump. Oh, faint Larry Fink? No.

Yeah, well, and Schwarzman is another one. I think he's not BlackRock. He's somebody else, but he's one of these big guys. So anyways, I just have always said, choose your gurus wisely. You're free to choose whoever you want to choose, okay?

But I try to choose people and follow people that have been right over the years. I'm not saying that's me, even though I'm four for four or three for three. I will be four for four, I truly believe. Blackstone. Blackstone. I know there's like Blackstone and Black Rock. And there's a Black Rock and a White Rock and a Pink Rock. Okay, let's move on. Let's look at some individual companies here, okay? Okay.

I think there may be something to coal right now. I mean, Trump is saying nuclear is way down the road. Peabody Energy would probably be the play there if you believe that they're going to fire up some of these coal-powered plants that Europe has shot. Germany has completely shot themselves in the foot by shutting down all of their plants. And reopening them. Yeah, yes, exactly. So that may have to be a stopgap measure.

to get us through the energy crisis that is around the corner. We don't have enough energy to supply a fast-growing world and AI in all of this. European pharma stocks decline as Trump reiterates tariff plans. And in the meantime...

Many of the U.S. pharmaceutical makers, Johnson & Johnson, Eli Lilly, and Merck have made announcements of making manufacturing investments in the U.S.,

And I would just say that that's part of national security. You know, like I say, Besson made a good point of this. What good came out of COVID? It exposed the weaknesses in our supply chain. Remember the ventilator problem?

Remember the mask problem? Remember the glove problem that we had? Remember the antibiotic problems that we had? Oh, these things all come from offshore, and we can't take in things from offshore. We don't have control over these things. And some of it, you know, is a national risk, security risk. It all ties together.

South Korea unveils emergency support for their auto industry. And I was hearing that South Korea, they had a deal or were very close to a deal. I mean, that's a pretty big trading partner there. I don't know what the deal is. But South Korean acting president spoke with Trump on Tuesday with the U.S. president saying it was a great call.

And, of course, they need U.S. liquid natural gas is what they need. Okay, when we come back, we'll talk about Taiwan Semiconductor, Nike, Argentina, and drones, and Delta Airways. You've got to go where you want to go, what you want to do and where you want to go.

And welcome back here to the final segment of today's Best Stocks Now show. Okay, let's take a look here. Well, first I want to take a look at the S&P 500 very quickly here just to get a little snapshot. Of course, this is all subject to change in the next 30 seconds here, the way the market's been going here recently. But the S&P 500, there it is, constituents. Let's just take a look here and see who's leading the pack.

Delta, didn't Delta report a bad forecast going forward? Now that has nothing to do with tariffs. That's just flight. That's up 7.9%. Yeah, I think they actually withdrew their go forward. I can't blame them for that. I would withdraw my guidance right now too. AMD is up 5.8% right now.

I don't know what that's all about. I still don't know where the tariffs... I do think that AMD is prone, is subject, is vulnerable to the tariffs, but in the meantime it's up 5.8%. And I've got to believe there's a lot of short interest in AMD today.

Well, and sector-wise, of course, you had the announcement that I guess we're going to potentially hear something about some pharmaceutical tariffs coming up. So that's a sector that you can probably take a look at and be, if somebody wants to take a shot or do some bottom feeding. I think there's some bargains in the semiconductor sector. I've been watching Marvell.

And Taiwan, to some extent, and of course we already own NVIDIA. Tesla's up 5.2%. United Airlines is up 4.4%. I've got a quick little story. My wife went and visited her brother in San Diego and went to opening day of Padres. Was I there? No, she was there, but that's okay. That's cool. So coming home, Barry.

She gets on the plane, and it's one of these planes where they have the little segmented little sleeper kind of things that do overseas trips. Oh, yeah, yeah, yeah. And she did have a first-class ticket. She's a first-class wife, so I fly her first class around the country to visit her brother and daughters and stuff. But anyway, she had one of those private cubicles. Yeah.

A little upgrade. Yeah, you have to upgrade. Yeah, no, it was part of just, I guess, I don't know how she got on a plane like that. But it was United. It was American Airlines. Tesla, 5.2%. United up 4.4%. Intel's up 4.3%. NVIDIA's up 4.3%. Apple's up 4.3%. Wynn, which has some exposure to Macau there in China, 4.3%.

is up 4.1. Love, that's Southwest, is up 4.0. Let's see what's on the down. Palantir is up 3.7.

Not much on the downside here that really makes me nervous. American banks, Bank of America down 5.2%. They should be downgraded after coming out with like a 4,800 target price or something like that. Bristol-Myers down 5%. Maybe that's part of the drug thing coming. Lilly, which we backed out of a while back, down 4.3%. AT&T, which was kind of a safe haven, down 4%. Now let's just take a look at the NASDAQ real quickly here.

We have got AMD, Tesla, Apple, Intel, Skyworks, NVIDIA. Those are all the winners. But of course, look, who knows where this is all going to close because you have got wild swings back and forth. That's why it's dangerous to buy inverse ETFs on this market. Very dangerous.

It's like you say, if they come out, and I really do believe that's the elephant in the room, I think take your time, get it right with China. Let's come to something where both sides, it's a win-win for both sides, and we can go on and be a benefit to each other. Yes, there's always going to be a strong competition between the two countries, but

You know, they're in the AI race. They're in all the same races. They want to be superior. We want to be superior. That's healthy competition. But let's come and make an agreement that or a temporary one that's, you know, a lot less draconian than we're at now.

and let's work out a long-term deal with each other. That's in everybody's best interest, okay? Now, I was looking at Nike, which continues to be in the crosshairs here because they only manufacture 6% of their goods in the United States. I'm surprised they manufacture anything in the United States. Maybe there's still a little left in Beaverton, Oregon, where they're headquartered.

But I was looking, Vietnam makes up 22.5% of Nike's production. China makes up 22%. Indonesia makes up 7%. Then the United States is fourth at 6%. So 93% of what Nike makes is overseas. Thailand, Taiwan, Italy, all of that.

And so they are in the crosshairs. You know, they made a decision in order to stay competitive and keep their profit margin fat to make stuff overseas where it's a lot cheaper. And that's the same thing Apple did. And Nike's still in the crosshairs there. I don't own Nike.

But it is a member of the Dow, and that has obviously impacted the Dow here recently. I saw somebody to double upgrade for Arrow Environment, which is a drone stock. I think there's a lot of really good buys right now. I really do. And, you know, I look at the charts. I look at the individual stocks. I don't look at the indexes.

I did a little bit of buying yesterday. I did a little bit of buying on Monday, and I think I'll do a little bit of buying here today.

It just depends. And, you know, I think to ease your way in, I'm buying half positions. Normally I would buy a full position in a stock. I'm buying half positions here and there for new people that have come on board and are sitting in 100% cash, okay? A little tiptoe reminds me, you know, kind of in the spring, especially if you're, you know, I'm from North Florida. You've got the pool out there, and it's like it looks inviting. It's like, ooh.

Not quite there yet. 67 is not quite there. 65, 63, dip your toe in the pool. Hope that a shark doesn't bite off. Okay, well, we're out of time. Never has there been a better time.

Choose your gurus wisely. If you disagree with me, here's what I challenge you to do. Go load up on SQQQ. Is that the one? It's triple inverse the NASDAQ. Put your money where your mouth is and where your beliefs are. We're all entitled to our beliefs, okay? I just try to use good sense, good common sense, and I look at lots of individual stocks.

Thanks for listening.

This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.