us today today we’re going to have a show  really focused around where’re we’re coming  

up to the inauguration next week there’s a lot  of anticipation for what’s going to happen the  

market certainly had been anticipating  this after the election and kind of went  

sideways after that even a little bit down  so what’s going to happen well who knows but  

we’re going to talk about some of the things  that potentially could happen or some of the  

things that could affect the markets as we come  into it so stay tuned we’ll be right back on in a

[Music] [Applause] [Music] second hey everybody  welcome to the show Ron how you doing buddy good  

hey do you know what season it is season oh okay  sorry it’s freaking cold season here in Texas but  

I’m yeah earning season two yeah that that too  yeah yeah yeah yeah I hear you yep and then we  

got the inauguration next week so yeah get your  popcorn out yep yeah we it’s been amazing how  

frantic the the this this Administration has been  kind of getting things done right before the the  

new administration’s coming in so it’s interesting  to see that the FDA finally after only 50 years  

realized that red Dy number two or whatever it  is red number I was reading that yesterday yes  

and finally after 50 years they decided to ban it  but still not until like 2029 which like well we  

can kill a few more people off before we get to  that point but I think that was almost as much of  

a shocker as when Taco Bell was announced 10 years  ago that that only 40% of their meat was actually  

meat nice so other than soybeans I really don’t  want to know the rest was made yeah I yeah I don’t  

really need to know how the sausage is made no  all right well let’s let’s kick this puppy off by  

talking a little bit about what what some Market  moving events could be going into the inauguration  

of next week so uh we’re filming this on Thursday  before the before the inauguration what do we know  

so far that’s going to happen well this happens  every time a new president comes in executive  

orders now we don’t know specifically what those  are going to be and we do know there’s like 150 of  

them that are going to happen here on day one this  is been I I I don’t know for you Ron this is kind  

of a bone of contention for me because I I really  hate when the executive branch decides to you know  

do their thing and just basically do an end around  to the Congress and everything else yeah well I’ll  

tell you what one of my favorite things and then  I’ll let you keep going here is no matter who’s  

president when they do executive orders always  hear the other side well that’s illegal he or  

she can’t do that right and I’m thinking well if  it was illegal then take action yeah take action  

against it but but all say those SS are illegal  but nothing ever happens that’s exactly right and  

here’s the here’s the the chart that shows this  you know you’ve got on the you know Eisenhower who  

who everybody looks at is oh well Eisenhower was  this you know good General and didn’t do a whole  

lot yeah he was the he was the highest in history  first year now the odds are this one actually  

could be pretty big this year if what they’re  saying is true I mean we could see this one be  

off the charts this year so once again not a big  fan of these that sometimes they do them and then  

Congress starts to do their part and then they  pull these executive orders off that’s why because  

I mean Biden was one of the highest in history  and they’re only showing 75 but a lot of that was  

because the Congress came in and made changes that  were part of those executive orders so I think  

here’s the one thing that stands out to me is  Ford yeah only in office two and a half years yeah  

I don’t know if this is 12 months or during the  calendar year because yeah he didn’t take over his  

president until August of 74 well and in the last  five months of the year or over 12 months from my  

understanding this is only through the end of the  first fiscal year so that’s in October so that’s  

so he couldn’t have done all that in two  months I don’t know I mean you know it was  

shocking to me because I’m like Jerry Ford  I don’t remember him doing any I mean I was  

young but I don’t remember him doing anything  but apparently he was writing some executive  

orders fast that when he came in wonder if a  lot of that had to do with and not to go down  

this road that was right towards the tail end  of the viam war the last few months I wonder  

if some of that trying to trying to just  get okay let’s get all this stuff out of

maybe we research that good news hopefully an end  or ateas the ceasefire in the Israel Hamas War it  

it’s interesting that you know of course everybody  who’s not Israel in Hamas was out there going it’s  

all agreed and everything’s perfect and all that  and and BB Netanyahu this morning was saying hold  

on not so not so fast here on this stuff and you  know I think it’s going to be an interesting thing  

because you know of course people want to have  the hostages come home everybody wants that and  

nobody wants to see people just getting bombed  out of their homes and all that but there has to  

be an agreement and you know it’s it’s it always  seems a little one-sided in some cases with the  

with some well I usually would not do this but  I’m GNA do it now I’m G to give a strong opinion  

number one you can’t trust Hamas no they never  live up to it this happened twice before and this  

is a temp temporary ceas fire that’s number one  number two Hamas is actually winning this whole  

thing because they wanted to put Israel in the  United States in a bad light and they got that  

for the last 15 months that’s number two number  three one of their end goals was they wanted  

they wanted their their soldiers back that were  taken as prisoner by Israeli so doing basically  

a hostage for prisoner swap so in a way Hamas  won this and it’s disgusting for me to say that  

but essentially we’ll see what happens because  it’s only a six weeks ceasefire and and I feel  

very confident that no matter what it is they’re  going to look to eliminate them no matter what so  

we’ll have to see what happens yeah and and you  know as far as the hostage I mean last I heard  

there was a hundred and some odd hostages now  they’re saying there may only be 40 of them alive  

so nobody really even knows and there’s little  factions within Gaza that are holding people  

know so it’s not just one yeah it’s not one  organized Famas there’s like little factions  

of them all over the place so you you really I  don’t think we know how many people they’re going  

to get back you know and it it’s going to be an  interesting thing I don’t think this is over by  

any way shape or form it is a weaken Hamas and a  weaken Hezbollah and a weakened Israel or Iran so  

you know we might not see the out andout fighting  that we had been seeing but I I don’t think we’re  

through the end of it but yeah hey Jeff real  quick to interrupt you this has been going on  

thousands of years you think this is going to  finally cease in our generation not happen no  

Ukraine and Russia negotiations so the other War  that’s that’s threatening the world you know I  

think there’s going to be more negotiations there  you know I don’t think it’s going to be what ends  

up happening I don’t think either side is going  to like out this but you know there’s got to be  

some kind of solution there because there’s  really been you know it’s almost like since  

the Israel Hamas things took over then it was like  how just everybody forget about Ukraine Russia and  

you know I mean it it just it’s got to stop at  some point so hopefully we’ll see some kind of  

a a a negotiation and and a least a cessation of  of fighting which means that hopefully we don’t  

have to pour billions and billions and billions  of dollars into that I hate to say it it’s gonna  

happen because with Gaza yeah and with Ukraine  who who’s going to help subsidize and pay for  

the rebuild yeah yeah we are absolutely right yeah  yeah and I mean you think all we did in Japan yep  

it’ll be us again and we’ll I think we helped do  that in Vietnam too yeah well I mean we’ve done  

it in every conflict we’ve been involved with you  know we went back in and rebuilt afterward so yep  

it’s going to be us that are going to be paying  for it but hopefully if we can at least get a ceas  

fire between the two so that you know at least  we’re not pouring billions into you know maybe  

if we pour some money in there it’ll help their  economy and maybe we can make some money out of  

it but yeah we’re going to be pouring a ton of  money in there to help out unleashing oil and  

gas as we discussed on our previous show yes I  think it’s going to be good from the perspective  

of the you know that the the throughput to the  economy you know lowering gas prices lowering  

energy costs everything from fertilizer to  diesel fuel to everything else I think is a  

playthrough but if you watched our previous show  the challenge with that is if you’re investing in  

oil stocks you’re probably going to not be real  happy with that yeah what’s your thought on that

Ron we have to be able to be somewhat energy  independent yeah two of the most important  

Commodities right yeah and and in the end with  i and I just can’t believe with everything that  

we’ve been through in the last 200 years that  we’re actually kind of you know we don’t have more  

peace in the world but that’s what power and greed  always takes over yep and and and this all blends  

into you know our energy thing and I know that  you know the GOP is not a big fan of wind and  

solar but I think that has to be a part of the  equation well I I think it has to be a part of  

the equation in all sector you know in all areas  we need to be you know and I don’t think the GOP  

is against it it’s just you can’t have that be  the this complete you know there’s there’s the  

environmental Lobby that will tell you oh well we  just need wind and solar well okay I can’t have  

windmill on top of my car you know I mean the the  reality is yes we will have electric cars I drove  

a Tesla when I was on vacation it’s a cool car  but the whole time I sat there going okay when  

when’s the battery going to run out you know I  don’t want that and if I’m going across country  

I sure is crap don’t want that where I have to  sit someplace there’s a lot of charging station  

yeah well there’s a lot of charging stations  but even the fast ones it’s still going to be 4  

minutes for me to top it off I I don’t want that  on a long trip so you know until we figure this  

out and and I’m a huge believer in hybrids you  know I think hybrids I like the hybrid Eck of a  

lot of sense because it takes that argument out of  the picture completely so yes I think oil and gas  

unleashing it is good in some aspect uh from an  investment standpoint I don’t think it’s a good  

choice and and you and I both agree we’ we’ve  never been fans of it anyhow as far as port  

folio asset no um persistent interest rates you  know I think the the belief is oh well you know  

the fed’s going to come in and they’re going to  lower interest rates but the problem is the Fed  

doesn’t set the 10year interest rates that’s the  market itself and the market itself is telling  

you we’re not through this yet and I always said  the bond guys are usually the smartest guy in the  

room they’re the most boring guy in the room but  they’re they’re also the smartest guy in the room  

and they tend to be pretty well right on this  and you’re seeing although they’ve pulled back  

a little bit over the last couple days they’re  still persistently up there in the 46 47 range  

well look I I thought it was comical I was having  a conversation with somebody a few weeks ago that  

thought he knew what he was talking about you know  the whole thing we what we’re saying for the last  

two years hire for longer higher for longer well  and he came to me says what happened for higher  

for longer I’m like four and a half is still high  yeah I said not only that but mortgage rates are  

back over 7% for thir a year I said we’re not  out of the woods yet I’m higher for longer and  

now they were saying that uh the Futures are  only talking one maybe two interest rate Cuts  

this year yeah we all know how those forecasts  work out well and and I would largely say those  

are going to be at best on the back side of the  year yeah because the fed’s going to wait and  

see they they want to see what happens you know  with all the yeah they want to see what happens  

with the new Administration and what changes  are and they’re they are data dependent so I  

you know I I I listen to Chairman Powell and I I  believe it what he says you know what we’re just  

we’re going to take a wait and see attitude until  we can get a handle on what you know is happening  

in the economy with the new Administration well  not that but Pal’s only got one more year on his  

turn and and after that who knows what’s going  to really who’s coming in and I think there’s  

a couple fed Governors that are up for Renewal  too so I mean you know it could change complet  

different over the next potentially for the bad  if they try and heat it up too much yeah tariffs  

you know so this you know I typically see as a Bad  Thing from the the Tariff perspective however um  

our our incoming president has been shown that  he’s a pretty damn good negotiator and I think  

in a lot of cases it’s punch him in the face and  Pat him on the back afterwards um I do not in any  

way shape or form think that we’re going to plow  a ton of tariffs on Canada and Mexico um I think  

that’s a negotiating tactic I think it’s highly  likely that we’ll plow some tariffs onto CH you  

know China at this point you know and I mean yes  that might raise prices but it might be offset by  

energy costs and everything else so I mean there’s  just a lot there’s a lot of moving parts and and  

to just say tariffs are bad I I I just I’m sorry  that’s well actually the reality is terrorists  

overall are bad yeah if they are followed through  and executed that that’s the difference the threat  

of it the realistic threat you know is just good  for media fodder that’s it yeah well and like I  

said I think it’s a negotiating tactic and I all  presidents have used that you know as a way as a  

means of getting the the other side to the table  to make some agreements you know and and I think  

we’re we’re going to see a lot of this and I think  there’s going to be a lot of threats of you know  

we’ll do it and and I wouldn’t be surprised to see  Trump slap on some and and keep people’s feet to  

the fire to get them to do stuff because I mean  they had negotiated a ton of things with China  

in the previous administration and then none of  that was ever followed through China never did  

anything that they were supposed to have done in  those negotiations so you know what you hold her  

feet to the fire right now I think we’re in  a strong ER position than than even China is  

at this point yeah see all right well that’s  all I had today I think it’s going to be an  

interesting at least next month it’s going to be  a really interesting thing and we’ll be here to  

cover that and share with folks but make sure  that you guys are keeping up with us make sure  

that you subscribe to the channel and we’d love  some comments on this wherever you’re at drop a  

comment in we’ll make sure that we get back to  you with it and maybe put a a future show about  

this coming down the road so thanks a lot and  we’ll see you guys back here the very next time