Nothing in this program should be considered investment advice.

It is for educational purposes only.

Please hit pause and read this disclaimer in full.

It's very prudent to be cautious right now

and to be more worried about the return of your capital

than return on your capital.

The following is the audio version of a video

released at peakprosperity.com.

Visit peakprosperity.com to watch the video

and to find other insightful content

such as articles, discussion forums,

and exclusive subscriber-only content.

Thank you. and exclusive subscriber-only content. Hello, everyone.

I am Chris Martinson.

Welcome to this episode of Finance You.

I'm here again with Paul Kiker of Kiker Wealth Management.

Today, we're going to be talking about, well, what's going on with China, the tariff, tiffs, they're not over at this point in time. And also, there's some weakness in the jobs numbers. We want to look at the dollar and maybe a couple other things in the credit markets. So we're going to discuss all things market-market-related, and they've been perplexing and weird and a little, little off. Paul, it's a tale of two worlds. The markets keep going up, and the number of people I talk to from all walks of life and all levels of sophistication aren't buying it. Remember we talked about the K-Fabee markets a while ago? I'm running into more and more people, and this isn't me leading the witness. I just ask, like, what do you think of these markets? And more people are going, I think they're full of S, you know? They don't quite get it, right? So. That's right. I'm seeing the same thing just in the average individual that I run into. They're like, hey, this is great. My account's going up. But how can this be unsustainable? Like something doesn't feel right.

Yep. And this is an area. I think it's all technical, Chris. I think it's technical flows.

You know, one thing that Mike Green or Professor Plon, Professor Plum, that he's highlighted for quite

some time is just passive investing is just, you know, price insensitive buyers.

As long as employment remains, people are into the S&P 500.

That's part of it.

...