Speaker 1: Welcome to another edition of the Chicks on the Right
Speaker 1: podcast where we talk to our friend and sponsor of
Speaker 1: the show, Zach Abraham from Bulwert Capital Management. Zach, it's
Speaker 1: been a while. It's been kind of uneventful lately, that's
Speaker 1: what's going on. But we just watched when Netanyahu was
Speaker 1: here to give his address to the Houses of Congress.
Speaker 1: We watched the most despicable protests happening outside of the Capitol.
Speaker 1: And when stuff like that happens and it gets really
Speaker 1: riled up and violent, it makes people uneasy about everything,
Speaker 1: including finances. So would you what's your message to people
Speaker 1: who may be concerned right now?
Speaker 2: My biggest message would be that.
Speaker 3: In virtually all scenarios, if we're talking about things that
Speaker 3: are political or having to do with elections and things
Speaker 3: of that nature, to those things have tremendous impacts on
Speaker 3: our lives, right and our principles, especially in this environment.
Speaker 3: You know, I feel like every election is, you know,
Speaker 3: a referendum on whether America is going to continue to
Speaker 3: be what we all know and love or whether we're
Speaker 3: going to turn into some you know, banana authoritarian republic.
Speaker 3: And so those are worries, but in the short run,
Speaker 3: any turbulence that that were to So, for instance, if
Speaker 3: there was a really bad protest and let's say the
Speaker 3: stock market sold off by five to seven percent, all
Speaker 3: things being equal, we'd probably be stepping in there and
Speaker 3: buying it, just because the things that are driving the
Speaker 3: market up, especially in this environment, really aren't related to that.
Speaker 3: Right The biggest drivers of this stock market right now
Speaker 3: are the Federal Reserve and the US government spending unbelievable
Speaker 3: amounts of money. And so unless I see something impacting
Speaker 3: those dynamics, it's probably not going to have a big impact,
Speaker 3: you know, any for any prolonged period of time. You know,
Speaker 3: it could put on some gyrations in the market in
Speaker 3: the short term, but I think that those are the
Speaker 3: kind of things that investors are usually wise to just
Speaker 3: you know, keep a calm hand and not make decisions based.
Speaker 2: On those kinds of things.
Speaker 4: And our news cycle is so crazy right now anyway, Yeah.
Speaker 3: I mean, you know, but but what you're watching though,
Speaker 3: and people will be like, what happened on Wednesday, you know,
Speaker 3: Nasdaq was down three point seven percent.
Speaker 2: Overall stock market was down almost two and a half.
Speaker 3: That didn't have anything to do with the election or
Speaker 3: Biden or anything like that.
Speaker 2: It happened to do.
Speaker 3: Everything was that has everything to do with a lot
Speaker 3: of stuff that we've been talking about, which is just
Speaker 3: you've got a very small basket of stocks that just
Speaker 3: keeps going to the moon and you're getting to a
Speaker 3: point where the underlying earnings and the underlying you know,
Speaker 3: production of those companies they're still great companies, but they
Speaker 3: just can't support those valuations. Yeah, you know, and markets
Speaker 3: do that sometimes, right. I mean, there's not always a
Speaker 3: reason why the market's up or the markets down.
Speaker 2: It could just be whatever.
Speaker 3: But people like, oh, are we finally hitting the turbulence
Speaker 3: in the market because of the assassination attempt or Biden
Speaker 3: stepping down?
Speaker 2: I'm like, no, this is this what markets do?
Speaker 1: You know?
Speaker 3: If they if they go too far one direction, you're
Speaker 3: going to see a violence spin the other direction.
Speaker 2: So that's that's really all that was.
Speaker 1: What do you think And I know we're all conservatives
Speaker 1: here and we're shamelessly so, but but how would a
Speaker 1: Trump victory impact the markets versus a Kamala victory? Like,
Speaker 1: what what do you think would be the immediate response?
Speaker 2: So a Kamala victory and I still don't really believe
Speaker 2: that they're going to run her.
Speaker 1: I still don't.
Speaker 4: You really don't.
Speaker 3: I mean, you're talking about the most incompetent person that's
Speaker 3: ever been on a major But.
Speaker 4: They're building her up, man, Oh my god, building her.
Speaker 4: They've rebranded her Zach. Just like three days, they've rebranded
Speaker 4: this woman. It's remarkable.
Speaker 3: And like my grandfather used to tell me, don't over
Speaker 3: underestimate the stupidity of the American people. Yeah, I've seen
Speaker 3: people change their Twitter pictures to pictures of her. Oh yeah,
Speaker 3: I ran into that.
Speaker 2: I ran into that. Drew Barrymore interviewed the other day
Speaker 2: where she called her Mamala.
Speaker 1: Mamala is what her step kids call her.
Speaker 4: Yeah, oh yeah, it's crazy fantastic.
Speaker 3: But I think that there probably wouldn't be much reaction
Speaker 3: initially to her, And if there was any reaction, I
Speaker 3: think it would be negative, probably not deeply. So. If
Speaker 3: Trump got elected, the markets had probably rallied pretty hard,
Speaker 3: and and just because they know what they're getting with him, right,
Speaker 3: they know that he's going to take economic actions that
Speaker 3: are beneficial to the United States with her.
Speaker 2: Yeah, right, she's a black box, you know, meaning really
Speaker 2: the only things we know.
Speaker 3: About her is that she sounds like she's kind of
Speaker 3: a sympathetic communist.
Speaker 4: Right, she's way liberals, more liberal than Bernie. Yeah, that
Speaker 4: you called her that, though.
Speaker 1: I hope that sound bite travels forever and ever and ever,
Speaker 1: because that is hilarious.
Speaker 4: Accidentally a black box.
Speaker 3: Yeah yeah, I didn't even think about that, you know,
Speaker 3: even listening to the narratives around her, like black men.
Speaker 2: You know.
Speaker 3: I was reading a Twitter profile the other day. It
Speaker 3: was like extolling her and ripping down capitalism. And one
Speaker 3: of the reasons they cited for ripping down capitalism is
Speaker 3: the capitalism is responsible for an endless stream of black
Speaker 3: men going into prison. And I'm like, man, go look
Speaker 3: at her judicial record. Yeah, I mean, are you kidding me?
Speaker 3: I mean, Trump passed the Second Chance Act. She was
Speaker 3: she was imprisoning guys right and left for marijuana violations.
Speaker 4: California asked totally about that. She like completely like slammed
Speaker 4: her in that debate. Remember, people forget about that stuff.
Speaker 4: I don't. It's crazy to me how they forget about
Speaker 4: that when now she again is being rebranded as this
Speaker 4: completely different person that we saw all during that time
Speaker 4: time frame or or or how about.
Speaker 3: The irony of the party that is supposedly trying to
Speaker 3: rescue democracy and they're putting somebody up. The last time
Speaker 3: they ran got less than one percent of the democratic vote, right, Like,
Speaker 3: I mean, you can't make this stuff up. So part
Speaker 3: of me, I mean, she's probably, like you know, in
Speaker 3: my opinion, and I don't I don't think a lot
Speaker 3: of people would argue with this. I think she's the
Speaker 3: least qualified, least you know that I've seen in my
Speaker 3: lifetime on any one of the tickets.
Speaker 2: It's remarkable.
Speaker 3: And the fact that people are excited about turning the
Speaker 3: reins of this country over to her, Like.
Speaker 4: It's all about identity politics. That's and that's about.
Speaker 2: That's all we've got at this point.
Speaker 3: And it's it's deeply frustrating to me, and I know
Speaker 3: it is for you guys too, but for people that
Speaker 3: rely on facts and data and things like that, it's
Speaker 3: just it's not what anybody cares about rights and she's
Speaker 3: the savior of America.
Speaker 4: It's crazy, everything's upside down.
Speaker 3: You know, you guys are like me, right, Like, I mean,
Speaker 3: obviously I don't think anybody needs to really, you know,
Speaker 3: use their imagination to figure out which side of this
Speaker 3: selection I'm on. That being said, Trump's not you know,
Speaker 3: he's not my ideal candidate. He's not I'm not a
Speaker 3: you know, I'm not a Trump sick a fan by
Speaker 3: any stretch of the imagination. But to look at those
Speaker 3: two people and think that she's more qualified to run
Speaker 3: a lemonade stand let alone the country, I mean, come.
Speaker 4: On, right on.
Speaker 1: So we encouraged our audience to attend your last webinar
Speaker 1: earlier in the week, and I know you host those frequently,
Speaker 1: which is great. So how can people find out more
Speaker 1: about those and more about you and more about Bulwark
Speaker 1: Capital Management.
Speaker 2: Yeah, so pretty easy to find.
Speaker 3: So we do our radio show every single week, and
Speaker 3: then we do a twenty five minute kind of market
Speaker 3: recap of everything important that's happened in the markets and
Speaker 3: politics every single day.
Speaker 2: That's we call it our Daily Dots. You can find
Speaker 2: that on Know Your Risk Radio.
Speaker 3: It's a pod on every podcast site you can find us,
Speaker 3: and you call eight sixty six seven to seventy nine risk.
Speaker 3: That's eight underline to our office. Go to Bulworkapitalmanagement dot com.
Speaker 3: But Bullwork Capital Management Know Your Risk Radio, Google them.
Speaker 2: We're not hard to find.
Speaker 4: All right.
Speaker 3: Thank you so much, Zach.
Speaker 4: Appreciate you back.
Speaker 2: Thank you ladies. Fun as always.
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