00:00 Speaker A

US stocks bounced after a three-day slide but still ending the week lower. For more on the train day takeaways, let’s get to Yahoo Finances Jared Blikre. Jared.

00:09 Jared Blikre

Thank you. You know, I was going to start with a weekly recap, but the major indices really not doing that much. So I thought we’d just talk about Apple, which finally turned green this week in 2025 and it kind of came a uh it kind of came alive recently. And by the way, if you’re into seasonality, October is supposed to be a really good month for Apple and the back half of September is when it starts. So here’s the year to date. You can see it was negative today, but up a whopping 2%, but this is what it’s done from the lows and you can see while Tesla and some of the others were just kind of rocketing out of there, it took Apple a little bit more time. And by the way, Tesla actually turned green last week. I mentioned that around the bell. So Apple has been lagging, but maybe it’s going to fulfill its destiny, its history as being a leader in October. That remains to be seen. So we got some other concerns there, but let’s just look at what happened with the Mag 7 this week. Amazon is another interesting story, down 5%. had some concerns with the FTC. Meta and Alphabet down, only Nvidia and Tesla in the green there. So the AI trade and tech kind of took a backseat this week, but we saw other things assert. So in my mind, it was just another case of rotation. We’re about to finish the month of September and finally that negative seasonality rolls off and we can look forward to October, which is prime time crash season. Doesn’t mean it always has to happen, but that’s when you see some Vix uh Vix spikes, just saying.

01:28 Speaker A

So bottom line, Yes. stocks a little lackluster this week. Okay, what was on your radar?

01:34 Jared Blikre

I’ll tell you what. Those metals, they are looking precious. And let’s just take a look at some of the moves that we saw this week. and we talk about, I talk about gold quite a bit, even silver, but if we to look at the five day totals here, Platinum in the upper left, that’s up 11.4%. Palladium, another metal I don’t talk a lot about, that was up 9%. Then is silver up 5.8 and somewhere in here. Here’s copper. We talked about copper the other day, 4%. So in this inflationary environment, and we are an inflationary environment because we’re we learned PC is what, 2.8, 2.9% today. The Fed’s target is 2% and the Fed is cutting rates. That is a great uh time to be buying metals, to own metals. and you know what, I had the chance to talk to Kenny Glick. This is our, we got, we had uh three clips from him in a row. This is the third day and we were talking about him with silver the other day. I thought this would be just perfect. Take a listen.

02:40 Kenny Glick

put a dead logo on a silver coin, I’m in, you know? So I I I if you want to own SLV or it’s it’s an easy way to own silver, but the easiest thing and again, if you like collecting silver coins, you know, they’re called silver rounds. You don’t have to buy the Eagles because the Eagles are the US government official coin. They have a little premium, but you could just buy one ounce rounds, you know, you get them for a dollar over spot and it’s a it’s a nice way, you know.

03:09 Speaker C

And if you’re doing that your whole life, like storage, where are you putting all the storage?

03:13 Kenny Glick

Yeah. My mom’s like, when are you coming to get all this stuff? I’m like, I just brought you more.

03:17 Jared Blikre

Yeah, he just brought more to his mom’s house. Anyway, that’s so you can silver actually, if you want to store a large dollar amount of silver, it’s going to take up some space. So that’s why I think investors turned to gold, platinum and palladium because much smaller there. Um, so I think we’re done with metals for just the time being.

03:31 Speaker A

What about that crypto sell off?

03:32 Jared Blikre

Let’s talk, let’s talk about that. Um, Bitcoin has taken a beat, admittedly, not a big change from yesterday. Yesterday we were talking about that big drop. Uh, we saw some big time liquidations. But today, I just kind of wanted to talk about the price dynamics that have evolved um, in this President Trump term uh because we have a much more friendly SEC and I think it was in early 2020 was it 2025 or 24 that we finally got the spot Bitcoin ETFs. My brain uh, isn’t keeping track of that. But my point is is that we have a lot of uh things kind of in a loop here. And so when you start de-leveraging in one, uh you got the futures, you got uh micro strategy, you got micro strategy that’s levered, um, and it’s just kind of crazy how much leverage is built into this already volatile trade. So the fact that, let’s check out the five day total here. The fact that it’s only down 5% is really not a big deal in the long term, in the big scheme of things. Again, I’m watching the 110 price level, give or take 1000 or two. I would love to see it dip down to like 107, 108 over the weekend and then just rocket higher um, and be about 112 or 113 by Monday. That would be a very bullish signal to me. But if we camp out by these lows too long, we’re probably going to sink and we’re going to have to chop around, maybe we test 100 again. And then we have Ethereum. Ethereum down 4.5%. Um, we still have a potential support level right here, about 4,000, that’s a big psychological level. I think that holds in the near term, but if Bitcoin uh tests that 100,000 and especially if it slides below that, watch out because Ethereum could drop pretty quickly there. So Ethereum is not as levered as Bitcoin, but it definitely follows the same place uh playbook. And if you’re keeping track of the whole board here, we didn’t see a whole lot of green. uh a couple there, but for the most part it was kind of an off week. So I I do like to see breath in crypto and that’s not really what we saw this week.

05:20 Speaker A

Finally, what’s on the Jared Blikre radar for next week?

05:23 Jared Blikre

Jobs, jobs, jobs. And also be interested Monday, Tuesday to see how September closes out. We tend to see the biggest weakness at the end of the month and we’re kind of there right now. We had a positive day, but uh that’s just history. So we’ll see what history says one week from now.

05:36 Speaker A

Thank you, buddy. Appreciate it.