Welcome back to the Stead Trade Podcast, everyone, or the Steady Trade Podcast, if you don't

mush all the words together.

I am Tim Bowen back with Matt McCall.

So welcome back, everybody.

A lot happened.

You know, we had the election special post

election where, you know, we had a few tech issues, but thank you guys for sticking with us to do that.

It's always live. You never know what's going to happen. And it was kind of interesting, you know,

the market really reacted. And then, you know, we kind of settled back a little bit. And I think

probably start right there. You know, you had that kind of post election madness

and then the last few days things of not necessarily i wouldn't say slowed down but you know

not the euphoria that we had for a couple days so um you know kind of jump right in matt

you know kind of what kind of what are you seeing on your side of the thing?

Yeah, you know, good to see again, Tim. It's been a bit of a week or so. So but I I think, you know, obviously not too surprised as as you are either. I think after Trump had elected, we did see a rally, you know, with a more kind of pro-business, pro market less regulation, lower tax potential regime coming up for next four years.

So no surprise we jumped all-time highs. And I got to tell you, I was writing my daily stuff. Like, I'm not overly surprised we had a pullback last week. I mean, anytime you have that euphoria, you just feel it in the market, right? And you'll talk about the penny stocks in a minute and how you saw that. But, you know, that euphoria of feel, you just don't go straight up. Nothing in life is that good every freaking day, right? You have to have to come back to reality moment. So the pullback didn't really do, does this shake my longer term view or even my intermediate term view. I said the one sector, though, that kind of caught my attention was the semiconductors. The SMH last week was down about 7%. So that really kind of weighed on the market. And I think that has a lot of do with potential regulations. A lot of chips come from, obviously, Asia, not selling chips to China advanced chips. But I think this plays out good, Tim. Because I think what this does is it sets us up for this resurgence of manufacturing in the United States. And when I say manufacturing, you don't mean pull levers, I mean building advanced microchips. And I think we're going to see a big, big push of that. So I think longer term, there's probably a lot of great semiconductors out there that pulled back in the last week or so that are probably great buys. Yeah, I mean, again, like the demand isn't going down,

obviously. And I think a lot of, you know, I think a lot of that is just, you know, a little bit of,

you know, the tariff talk maybe, you know, obviously, you know, tariff man is in office now.

But, you know, like I like it long term because as you mentioned, I see it as an excuse to start bringing some of this manufacturing back.

And, you know, and obviously that's going to cost money.

They're going to have to build plants and stuff like that, which is going to affect earnings and et cetera.

But I see it as a positive long term because I don't see why we can't be building this stuff here, you know. Yeah, I mean, like Taiwan semi, for example, obviously it's got Taiwan in a name, which spooks to hell out of people. But we've talked about this stock in the past where without Taiwan semi, you're going to have a strategy. You're not making iPhones anymore. You're not going to have, Nvidia is not going to be able to run some of their GP like these these are needed like it's not like oh we kind of want them they're needed this stock hit a high around 2 12 to 15 or somewhere on there in middle of October pullback to blow 185 today now we're talking this Monday obviously we're sitting right to 50 day moving average around 186 to me that's a great pullback for a company that if we have innovation, which we're going to have, you need this company. Bottom line, right? Yeah, it's kind of funny, actually. I'm a big fan. Have you ever heard of the Jack Car books? No, no. Terminal list. Okay. Big fan. He's an ex-Nabby seal. Okay. Great. He's got a great great podcast he's been on rogan a bunch but i just finished um the second most recent one kind of over the last week and it's kind of interesting the whole concept of the book is around you know like semiconductors and the low whole like national security and like you know how it's and it's it's fiction it's fiction

but and it's about a year old i think he wrote it about a year but it's all about you know the idea

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