This transcript was automatically generated.

Announcer: Wall Street Unplugged looks beyond the regular headlines heard on mainstream financial media to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.

Frank Curzio: How’s it going out there? It’s November 8th.

I’m Frank Curzio. This is the Wall Street Unplugged podcast where I break down the headlines and tell you what’s really moving these markets.

I’m so proud of my daughters go to two separate campuses for the school they go to since one’s in middle school and the other one’s in high school.

My youngest made the basketball team, my oldest made the soccer team.

It’s really, really great stuff.

Or is it? I mean, every parent wants their kid to play on sports teams or at least be more active with programs because a result you making lots of friends, it keeps ’em at trouble somewhat.

But if you’re a young parent, you know your kids are young, not really playing on the these big sports teams yet.

Careful what you wish for.

’cause yesterday, this is just yesterday, okay, I dropped one of my daughters off at school, by the way, she’s doing weightlifting as well, which I think is really, really cool.

I just started weightlifting and I dropped her off like seven 15.

So it’s a 25 minute ride, about 15 minutes with no traffic.

But there’s always traffic in the am Everyone can relate to that.

Then it takes me an hour to get to my office since I recently moved the you guys now, right? My daughter’s made school a good school.

So we moved out to Jacksonville.

I haven’t moved the office yet.

I’m in the process of it.

So I’m about an hour away and I have to drive all the way here, which is again, an hour.

Now both happen to have games, of course on the same day they’re both away games.

So there’s two different schools.

The first is at 4:30 PM the others at six.

So normally, or sometimes I might not be able to make their games.

We try to make as many kids games as we want, but it’s their first game.

My wife and I definitely wanna be there.

So my wife and I go to the first one.

So drive an hour to her school, right? Since 30 minutes from my wife takes a separate car since I went to directly from work.

Then it’s about 30 minutes to get to my other daughter’s game after that one ends.

So my other daughter ends up finishing her game at around 7:30 PM I think it start around six.

So now we finish and we have to drive another 25 minutes home.

And everyone by the way, is starving.

And my wife ain’t cooking.

There’s no way she’s cooking.

They have to driving around the planet.

Neither am I.

I’m not throwing anything on the barbecue.

Whatever.

I’m exhausted.

So what do we do? We have to stop at Chipotle before we get home and we get home around 9:00 PM Exhausting.

But now they both have lots of homework and they both happen to have tests the next day, which is today.

So time I finished with home markets around 10 30 at night.

And I want you to keep in mind the situation.

I wanna put in perspective here, right? For all of you who, who have kids or you know, know what I’m talking about.

I have two daughters who are teenagers, right? They’re teenagers, so they’re p****d like 75% of the time unless they’re on their phones or hanging with their friends, right? Not to mention they haven’t taken showers yet.

So they’re still sweaty while I’m sitting next to ’em, helping them with their homework.

And that’s cool.

I was always sweaty.

I played sports all the time, 24 7 growing up most of my life.

But now it’s like 11:00 PM going up to take showers, come back downstairs to dump their dirty school uniforms in all their sweaty clothes in the hamper, which my wife has to wash the next day.

In the end, it’s almost midnight before my wife and I get to sit down, watch a Netflix series, which is probably 30 minutes of one episode before both of us pass out on the couch.

’cause we’re old now and over 50.

We’re really, really old.

We feel old driving the kids around like crazy.

And then we run it back the next day, which is fun.

So your best friend or someone who also has kids in school that you know, and they come up to you with a huge smile and say, guess what? You have no idea.

My kid made the basketball team, the football team, the volleyball team.

Don’t say it.

Congratulations.

Say I’ll see you in five months.

It’s much better.

But seriously, I I, I kind of love every minute of it.

I mean, it’s hectic, it’s crazy.

You’re running around, you’re balancing work, you’re balancing family.

What all everyone listening to this does, right? That’s what, that’s what life’s about, right? It’s living your family.

You are watching your daughters work hard, making lots of friends, kicking ass again, seeing ’em come home and do schoolwork and then go to school.

It’s great.

It’s really, really cool to see and hectic nuts.

But I wouldn’t change a thing.

That’s what it’s all about.

So let’s get to the markets, which is keep going up every single day.

Now, at least for the past two weeks, the SB 500 is up 6%.

It’s over the past week while the Nasdaq surge close to 7%.

I think it’s nine days.

Someone told me the longest wind streak since 2021.

massive numbers for one week.

You say, well the market fell a lot before that.

Yeah, they were also up a lot that before that, right? So some are saying if you’re reading, it’s from short covering a lot of people with going in big money again, being short, heading into the year, maybe being on the wrong side.

So now they have to cover their shorts and buyback stocks.

Some are saying the rally is due to a huge declining in yield, which we had a huge decline, right? The 10 year hit 5% and it was it three weeks ago.

Now it’s four point half percent mortgage rates have come down.

It’s even the article saying mortgage rates came down.

They, they’re still like seven point what? Three, four, whatever they are.

And mortgage demand ticks up.

I mean this is like, you know, a week and a half.

But that’s a massive, just know if you don’t follow bonds, that’s a massive, massive moving yield.

It’s such a short period of time.

The high yield, it’s like this fear factor.

Wow, if I might have to raise rates even further, what’s going on? And now they eased a little bit based on some of the data that’s come out, which has been positive.

And positive data means data that’s really slow in the economy, that’s gonna result in recession, that’s now positive.

That’s good news for you.

So if they say unemployment goes in 9%, yeah, that awesome, that’s great that that’s great for the markets, right? But yet, if it stays at historical lows, that’s great for the markets.

Everything’s automatically great for the markets.

You know, was it Singapore? Wherever, what was it? Were they just banned short selling? And you see the markets go, you know, anything they can, it gets, starts going higher and hard.

Remember with the deficits that we have, the only way out of it is not, we’ll never, ever stop spending, right? That’s not on the table.

We’ll cut that in a minute.

That’s not on the table.

It’s by having this massive economic growth.

And unfortunately if Fed’s doing everything it can to do the opposite, the slow growth.

So now we’re looking at a market that’s trading 18 times forward earnings that’s higher than the 10 year average.

A little bit higher.

But you have to put in perspective, and even doing the math on this, ’cause we always say, well interest rates were a lot lower.

If you look at a 10 year period, even taking 2022 where rates are four, four point whatever percent, right? The 5.3%.

Now over the past 10 years, looking at the Fed funds rate, that was less than 1% over that time.

And now we’re 5.3.

Not to mention the Fed was buying bonds, injecting trillions into the economy today.

They’re doing everything they can, everything they can to force a recession.

They’re not gonna say that to you.

They’re not allowed to.

But the Fed’s trying to put more people outta work, getting unemployment rate to 5% plus to control inflation, get inflation much, much lower and no longer buying bonds to stimulate growth.

And you know what, before we go any further, I wanna cover that.

’cause we hear that a lot.

What does it actually mean? Fed not buying bonds, not a accommodative.

We hear these terms and I feel like we just say them.

Nobody really explains them.

But let’s look at the Fed’s balance sheet because in 2022, the Fed’s balance sheet hit a record.

It was close to $9 trillion.

And now I’m actually seeing stories that the Fed truck is balance sheet to 7.9 trillion.

Yay.

We should cheer.

That’s awesome.

That’s great, right? So shrinking by a little bit more than a trillion over the past.

I think it’s around a little bit over a year, close 18 months now by shrinking, they’re taking money out of the economy, out of the system.

So credit becomes tighter and fewer dollars in the economy means less money being spent.

That’s the quick 1 0 1.

A little more detail that just know that that’s taking money outta the system.

I wanna put the balance sheet in perspective for you because sometimes you hear numbers and you could interpret ’em any way you want.

But let’s interpret ’em from the common sense point of view.

Pre COVID January, 2020, the Feds balance sheet was at 4 trillion, which is insane at 4 trillion.

Okay? Because we’re looking pre-credit crisis, pre-credit crisis, right? Pre COVID January 20, 24 trillion pre-credit crisis, January, 2008.

It was 1 trillion.

1 trillion.

So it went from 1 trillion to 4 trillion.

And what, what happened that time period from 1 trillion to 4 trillion.

Yeah, you had 2009, which then two 2010 things started getting better.

And our balance sheet was around just over 2 trillion.

So we spent $2 trillion.

The Fed spent $2 trillion, which is crazy, right? Because we had zero rates, we had all, you know, the market was doing fine, yet they were like, Hey, we’re cool.

This is all right, let’s keep going.

So they increased the balance.

You get 1 trillion January, 2008.

By one year later it was a little over 2 trillion.

However, when you look at that money, where did it go? Went into bailouts equity investments in banks, AIG, Fannie, Freddie.

Yes.

They got options.

They got what warrants and, and they made a fortune.

I always say it was the biggest mistake ever.

’cause they made so much money that if anything ever happened like this, they’d spend crazy.

And now we saw what happened during COVID, but almost none of the Fed’s balance sheet, almost none came from buying mortgage-backed securities and treasuries, right? Bonds.

So that’s why when we push rates to zero from 2008 to 2016, rates were zero for that period.

Think about it.

That’s a long time zero.

We didn’t see inflation go up and everyone’s like, it’s how come we’re not seeing inflation go up? That’s nuts.

That’s crazy.

Because the money was given to companies, money was given to banks and the banks had the opportunity to lend it out or not based on however they felt.

So even though money was basically free, and by free mean, anyone who wanted a loan would get it, right? We had low mortgage rates.

So real estate boom, you had stock market on fire.

Every asset class surging, very, very low cost to borrow.

Everything did well, but it didn’t spark inflation.

Now let’s talk about COVID and post COVID.

So the balance sheet, 4 trillion.

This is in January.

January 20, 24 trillion.

It went from 4 trillion to $9 trillion.

Now the big difference here is not just that amount, which is fricking insane off the charts and nuts, but almost the entire balance sheet outside of 500 billion of the 9 trillion was the Fed buying mortgage backed securities and treasuries just flooding the market with liquidity while also pushing rates back to zero again for most of 2020 and 2021.

It’s the reason why 2021 will go down as the greatest history, greatest market, greatest everything in US history, probably for the next 10 decades.

You’ll never see conditions better than they were in 2021.

No matter how much you tried, no matter how much you should go it, it’s probably the greatest conditions in businesses for yourself.

The amount of money you’re making in 2021 than any other time you’ve seen.

And any other time, you’re gonna see probably, I would say in this 30 to 50 years, not a stretch.

I mean, you’re not gonna see the government handout trillions, you’re not gonna see it because of lockdowns.

And, and again, what else did they do? They didn’t even stop there.

They didn’t even stop there.

Buying bonds, treasuries, more back securities like crazy, pushing rates to zero.

They handed checks.

PPP loans directly to families and businesses here, they bypass the economy.

Don’t worry about here, here it is.

You have to pay it back.

No, you don’t have to pay it back.

I always love that Harvard file for that.

That’s so great.

That’s, but it’s insane.

Nobody questioned all this money since the first time we’ve ever locked down the entire country.

We’ve never seen anything like that.

And forget about COVID, I go on rants and all this stuff and why they wanted to keep it on lockdown as much as they can in difference when we go there.

But we’ve never experienced that.

And everyone was happy because everyone was making tons of money.

It was great.

It was raining money, it was awesome.

My surprise, I don’t know, I I, it’s a big surprise I think because I think economists should are pretty smart.

At least they’re book smart.

We know, not common sense smart, right? And I’m not putting down economists here, but I mean the smartest economists in the world, including every genius working at the Fed, did not see inflation coming in 2021.

Okay? And then when it came, they said it’s transitory now.

You all saw it.

I saw it.

Every person who pays bills in America saw it.

Maybe they don’t pay their bills if they, you know, they get their bills paid by somebody else.

They don’t have to worry about it.

But every, every economist didn’t see it.

It’s transitory, we’re gonna be fine.

I mean, it’s like having a crazy idea.

Defund the police and releasing convicted criminals from jail and thinking cities like San Francisco, New York would not become incredibly dangerous.

And that’s a hypothetical that would never really happen, right? ’cause no crazy personal institution would ever think of defunding the police, right? Let’s say if they’re letting convicted criminals run through the streets, nobody would ever do that.

I’m just using it as a hypothetical, right? But here we have a very expensive market.

One way growth is going to slow dramatically next year.

I mean we saw 5% GDP, now we’re gonna see probably 2% and then into 1%.

And people are predicting a recession.

Again, this is exactly what the Fed is trying to do to slow growth.

Again, they can’t say the fostering recession, but that’s what you need to do.

There’s no such thing as a soft landing, trust me.

So we have a very expensive market.

One way growth’s gonna slow dramatically next year as the Fed shrinks its balance sheet keeps rates higher for longer.

Which we know one where 85% of the companies just reported this earnings quarter.

And those companies raise sales estimates, which they always do.

They forecast, they raise sales estimates by the slowest pace we’ve ever seen.

I mean this is since 2005.

But that’s as far back as the data goes when we’re looking at companies where they really started reporting guidance all the time.

And a lot of companies report a guidance.

It’s almost like from Ally now, like, hey, what’s the guidance gonna be for next quarter? What’s the guidance gonna be for next year? Right? You want, you don’t, you pull that guidance, it’s like a negative, right? ’cause then there’s uncertainty in the stock and it’ll go down.

So everyone wants to provide some kind of guidance going forward.

Well the oil companies, which is almost every one of ’em that reported by now, and this is data tracked by FactSet.

So the raised sales estimates, it’s at the slowest pace from these companies we’ve seen and think about.

We’re talking about COVID when things are crappy.

The economy’s was closed.

I mean slowest, it’s 2015.

What’s about Mar? Where household debt just came out.

This came out two days ago and it’s hard to even find.

They have to do like certain searches.

It’s almost like they’re burying it.

I don’t blame them.

Came out like two days ago.

It hits a new record, It’s going up, right? This is, these numbers supposed to be going down.

This is still going up along with delinquencies across the board for auto loan student debt, credit card debt.

Student debt is forecasting because again, they didn’t have to pay for three years and they just opened up and say, okay, we have to make them pay.

Now that’s another thing that’s a massive amount of money.

It’s a $400 bill for tens of millions of Americans that they didn’t have to pay for three years that was suspended.

$400 we’re 67 to 70%.

Americans are paycheck to paycheck.

You know how much that is.

Not to mention the inflation rate is still close to double where it trades historically, people have shared 3.7% at 3.7.

We, we’ve said this before in past podcasts.

Take out the last year and a half when we went to 9%, you have to go back to 1991.

The last time it was, it hit over 4%.

It almost never does.

We’re at 3.7.

We’re cheering that the Fed says they wanna get it down to 2%.

again, going in the right direction, we’re happy about it, but there’s still ways to go.

And what does that mean with that inflation rate, which is incredibly, incredibly, incredibly high.

Almost double the historical rate.

It still means that what? We’re paying higher prices, you guys, are you paying higher prices on food? They’re trying to tell you like a couple items of food went down.

Get at electricity, you pay insurance.

See real estate taxes Lately, how much those went up your tuition, really your bills are going lower.

Let me know because I’ll live right next to you.

Seriously.

I’ll, I’ll sell the new house that I just built and go next to you.

You tell me your bills are lower now than they were last month or six months ago, or one year, two years ago.

There’s no way they’re going higher.

And yet, despite these conditions, the S&P 500 is up 14% year to date.

And the NASDAQ is now up 30% year to date.

And we just rallied incredibly over the past two weeks.

Again, biggest win streak in Nasdaq in two years.

So what’s my advice right now? Stocks are probably going hard to end the year.

I know.

Sounds crazy.

It’s gonna be a really, guys, it’s gonna be a really tough 2024.

It really is.

But short term, the next few weeks, all right, going into the end of the eighth, this is what’s happening.

This is why you expect it might not be the whole S&P 500.

It might not be the NASDAQ, most likely it’s gonna be the whole Nasdaq.

Not the whole NASDAQ, just the s and p is represented by, I think it’s the 10 largest tech stocks, is 30% of that index.

Now might even be a little bit more the NASDAQ two ’cause they’re heavily weighted in those tech stocks and they’re probably gonna go higher.

But not all stocks.

Now why am I saying this? Because there’s tons of money managers, the ones managing, managing trillions of dollars that are significantly underperforming the markets.

And that happens often when you see strong gains in the major indices.

Especially when it’s not broad, right? I mean if you’re looking at the equal weight index, the S&P 500, it’s trading below, it’s 200 day moving average by by a big amount.

That means every single company S&P 500 has the same equal weighting instead of Apple being the largest based on market cap.

And the top seven or 10 represent 30%.

I think it’s the top seven actually.

So you have a lot of these money managers when you see this kind of outperformance where, hey, I could buy things that I don’t need you and and much, much less fees, right? You see these money managers underperforming their benchmark and that’s whatever their fund is.

The benchmark is what they have to beat.

Now usually that benchmark and someone’s been in the century for a long time, it’s some crazy random broad market index, right? It’s never as simple as it’s the S&P 500 or it’s a NASDAQ.

And by the way, no one would ever, ever use a NASDAQ as their benchmark ever.

’cause they’d be getting annihilated.

Unless you just own six stocks, you need a lot of exposure in those.

So no one ever has a NASDAQ, no.

They have these random, like for example, I first one I pulled, which is Vanguard.

Vanguard badge is trillions, right? So I looked at the diversified equity fund.

The first one I could fund.

Any one I found would be the same, which invest in both large cap growth and value, which means the S&P 500, right? It’s basically every stock in S&P 500, they use their benchmark.

The MSCI Broad market index, okay? I’ve heard of that.

Been the industry.

I bet most people haven’t heard of it, but you don’t really, oh man.

Did you see the MSCI broad market index go up to, no, you don’t see it.

Did you see the NASDAQ? Did you see this? You don’t.

No one uses that.

And that’s all their benchmarks are some crazy whatever.

And there’s a reason for that because if you looked at MSCI, broad market, broad market index, okay, it’s broad.

It’s up nine and a half percent year to date as opposed to over 14% for the s and p 500.

And it doesn’t matter if the stocks go, if the market goes down 20%, it goes up 20% as a money matters.

You have to beat your benchmark.

If not you get fired or there’s no reason for you to own that fund.

You can get a year of underperformance maybe two years fine, especially if you have the good track record for long term.

But you better be, be beating your benchmark.

That’s your job.

Or you’re, you’re gonna lose your job and there’s 80 people behind you that would take it in a heartbeat.

Those guys that are shaking your hand, Hey, how you doing? They’ll take your job in a heartbeat.

Okay? So that’s your job.

And right now they’re significantly underperforming the markets because they’re up a lot, mostly due to a few stocks.

Now when you look at the MSCI, no coincidence that their specific fund diversified equity fund is up around the same as the MSCI broad index, right? It’s underperforming the S&P 500 by 5%, which is, which is okay.

And it basically you’re buying the SP five.

But this is a way right of you owning their fund, which is underperform the S&P 500 by 5% while they’re charging you eight x more on fees to be in their diversified equity fund.

Which by the way, the fund’s allocation, and I’m not joking here, gets even better.

Their funds allocation.

When you look, you know when you see top 10 holdings, this specific fund happens to be in six other Vanguard funds, full allocation like it’s in the Vanguard US Growth Fund, their explorer fund, their Winsor fund.

So this is a way to generate fees on top of fees for these guys, right? It’s like getting the same dollar tax three times while generating s**t returns and the company using the trillions of dollars of your money.

The trillions of dollars collectively.

That’s basically they’re effing you on to push and threaten the boards of companies to adopt crazy climate change and work agendas that result in what in these companies and corporations, their expenses going higher.

Look at the auto companies being forced in EVs that they’re getting annihilated on.

Good example.

So high expense for the companies which results in reduced earnings which result in lowest stock prices.

Where again, you, the customer of the source of everything gets f****d.

Welcome to Wall Street.

Will you not just take it up the, you know what? But they won’t even give you a towel to clean yourself.

That’s who you’re competing with.

When you decide to go and buy stocks or short stocks, that’s Wall Street, that’s the real Wall Street.

You’re not gonna hear that any place elsewhere independent.

We tell it how it is.

I don’t give a s**t and a lot of my friends are in these industries, I don’t give a s**t.

We’d say it how it’s, that’s it.

A fund with a BSS benchmark that’s charged you eight times more fees than if you got into the S&P 500 fund.

And that fund that you’re buying is also that allocation of whatever it is, I don’t know, hundreds of billions of dollars is into five other of their ETFs, which are also making fees on top of fees.

Crazy.

And it’s smart.

Good for them, good for BlackRock.

They know how to beat the system, they how to charge you massive fees.

But all this happens on your back.

This is how they f you.

They do it in SPACs every single time.

This is what they do.

They have to get you to buy in.

This is your money, right? This is all people working at companies in the 4 0 1 Ks.

This is all your money that they’re using to gain power in while charging you a massive amount of fees.

And they’re not even doing their job.

They’re getting back to the rally.

Sorry about that mini ray.

Getting back to the rally fund managers right now, it’s called they need to generate alpha, they gotta outperform the markets.

So you need to find a ways to get their performance opposites.

Many are underperforming and how do they do this? They buy names with the most strength.

Most momentum right now are the ones that just reported solid earnings.

Maybe some of these were down and now they reported solid earnings and you saw, yeah, it’s no surprise these names would be up five to 7% after the report, which they report earnings when the market’s closed.

So they do it pre-market or after market.

But when the stock market opens for trading, these stocks all sudden immediately ramp 10 15, even 20% higher, right outta the gate end of the highs of the day.

That’s what happens.

Those are the names you wanna get into the momentum names this way.

You’re generating alpha, you’re trying to beat and get that performance up and you need to ’cause it’s your job kinda like a politician.

They don’t care about you.

They care about keeping their job, everything they can to keep their job.

It’s also why the names that have underperformed this year, which is the Russell 2000 many small caps are gonna do the opposite.

They’re gonna be sold down even further for tax loss purposes.

So in other words, we’re gonna have this forced buying and selling of names and it’s almost artificial.

I mean it’s really happening, but they’re not long-term in nature.

These stocks aren’t gonna be long-term in nature.

Not gonna be so long-term in nature.

It’s gonna be for reasons for the next four or five weeks or so.

It’s just positioning.

And this is why everyone says seasonally this was a good time to buy.

It’s why a lot of these folks say, and a lot of sentiment indicators when at that negative going into November, it’s easy to say, Hey, usually we see a market rally right now regardless of conditions, regardless how much you know, we have much more debt regardless how interest rates are.

It’s just the way they have to position themselves.

But this year it’s much more meaningful with the major indices up so much, so many fund managers playing catch up.

Especially the ones that didn’t have those big investments in the top seven tech stocks, which drove most of the gains for the NASDAQ and the s and p.

So tomorrow Daniel and I are gonna break down at least 50 of these names.

That should go much higher over the next month as we approach year rent.

These are the names that the fund manager’s buying.

We’re also gonna highlight names that could see further downside as investors look to match the losses against the capital gains they made this year.

That’s why they pay less taxes, right? There’s less capital gain tax.

Now keep in mind in the Russell, those names sold off sharply, okay? We’re probably looking at a lot of small cap names, which the last time they underperformed large caps by this much, I think I wanna say 26, 27 years ago, that’s how long ago.

So a lot of these names you’re seeing saying, wow, a lot of these things could be buys right now.

You might see them push a little bit lower just for tax loss selling can force selling those names tend to pop a hundred, 200, I mean that’s a massive decline.

And you’ll see some stocks like that and you’re like, why are they going down? Things are better.

They ride the ship they were preparing for, this is such for 18 months.

Why does it keep going down? Simply because you need those losses to offset the gains.

But yet if you see it go to four to six to seven, you’re looking at 200% plus gains and you’re still trading 30% below your, your two year high or 52 week high or whatever.

So you have all this forced selling into into this year that almost reverses and turns into massive buying.

And you usually see the insiders especially ’cause they’re like, wait, this is a joke.

And the insiders who the large owners of these stocks know everything about are going in there and purchasing, which I’m starting to see for some names.

It’s why I’m so bullish on small caps.

You’ve never seen this type of outperformance or underperformance against large caps.

I’m not telling you to bottom a Russell of 2000.

Even if we go into recession next year, small caps tend to suffer more.

But these are names that are down 60, 70% already.

It’s one of the greatest opportunities to pick up small cap names in a very, very long time.

Guys, trust me to sector I specialize in for most of my 30 year career, I just load up on one name.

I put $200,000 into it.

You guys probably know what we sent out.

You know, hey, this is what we’re doing.

If you want to get to Curzio Venture Opportunities, you can ’cause the sell off was already way overdone.

And yes is a name that underperformed this year.

But it got to levels where it was stupid and they have massive catalyst coming up.

And for me, I’m gonna be an aggressive buyer of small caps in the weeks and months ahead, ahead just when I’m seeing this, when I’m seeing these massive, massive disconnects.

You don’t have opportunities like this often, which is everyone just throwing these names away and saying, and they’re already down a lot, but you’re likely to get even better pricing.

You probably get it now.

Maybe you see a little volatility towards the year end, but man, next year you’re gonna see small caps really rocket higher.

Even if we do go into a recession, at least some names ’cause they’re down so much.

But Daniel and I are gonna break down all in tomorrow’s Wall Street Unplugged Premium podcast.

To learn more about that podcast, go to CurzioResearch.com.

The quick take is it’s $10 a month and you get literally dozens and dozens of trading ideas.

Detailed analysis like we do here, provide lots of education and and how we’re recommending this stocks and why we like it.

But $10 a month, probably thousands of dollars less than the fees your funds are charging you to underperform some crazy benchmark that you’d never heard of.

That’s a Wall Street Unplugged Premium is all about.

And Daniel, I gotta break down lots and lots of ideas tomorrow.

So guys, that’s it for me.

Hope you enjoyed the podcast and I’ll see you tomorrow.

Take care.

Announcer: Wall Street Unplugged is produced by Curzio Research, one of the most respected financial media companies in the industry. The information presented on Wall Street Unplugged is the opinion of its host and guests. You should not base your investment decisions solely on this broadcast. Remember, it’s your money, and your responsibility.