Ep 79: Dissecting Some Of The Hottest Headlines Of The Current Investing World
The X's & O's
There is a lot going on in the stock market and investing industry right now.
That’s why we are your go-to resource when it comes to the hot take headlines in the investing world.
In this episode, Matthew Theal, Brent Pasqua and Joshua Winterswyk discuss some of the most relevant headlines you should know as you head into the holiday season and as you monitor your portfolio.
Matthew, Brent, and Joshua discuss:
The unusual coincidence of how the Philadelphia Phillies baseball team seems to affect the stock market
Why tech companies are struggling with poor performance and growth and how that affects your portfolio
Some insight about whether we are heading into a further downturned market
If midterm elections actually affect stock market performance
And more
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Transcript
Welcome to The Retirement Plan Playbook with Brent Pasqua, Matthew Theal, and Joshua Winterswyk from RPA Wealth Management. In this podcast, we cover current events, retirement planning strategies. And provide you with the tools to help you build a successful retirement playbook in any political or financial landscape.
Join Brent, Matthew and Joshua as they navigate the issues that can make the later stages of your retirement plan challenging and help you create the best Retirement Plan Playbook. Now let's get to the show.
And we're back. Welcome to The Retirement Plan Playbook. I'm your host, Brent Pasqua, founder of RPA Wealth Management. I'm here with Matthew Theal, certified financial Planner, also here with Joshua Winterswyk, Certified Financial Planner. Guys, the World Series is going, I haven't watched much of it personally, but are you watching it?
I am now, but I'll let Josh give what his comment is first. Then I'll tell you why I'm watching it. I am not watching it. I actually didn't even know it was going on, so I didn't watch the first three games, but I watched a little, the first four games, but I watched a little game five you know, once my daughter was in bed, but I started watching it because, One of the girls on our marketing team, Brittany, told me about something I'd never even heard of, which is the Phillies World Series indicator.
And let me tell you guys, this isn't good. So going back time, a Philadelphia baseball team starting at 1929 has won the World Series. Is the Philadelphia A in 1929 the market has crashed obviously. 1929 was the, the big crash. And then in 1980, There was a big market drop. That was when they won. And then in 2008 they won.
And we all know what happened in 2008. So normally I'd root against the Astros cuz they're big, you know, cheaters. Right. But now I'm switching. I am going full Astros. We don't want the Phillies to win um, whole. Hopefully by the time this podcast is out, Astros have won the World Series. But yeah, we do not want the Phillies to win.
The market has already crashed. . Yeah. It, I think it gets worse. We What if it gets worse? Matt past results. Don't predict future returns. I, I'm just saying that this thing has three data points and let's not make it a fourth. I got that saying completely wrong. I was being a little sarcastic with not watching it at all.
I kind of knew it was going on, but it was kind of a joke in here cuz it's just, it doesn't have any sort of glitz or glamor to it. Phillies versus the Astros. You know, I think part of the problem is too, is the playoffs, so many of the playoffs series happened during the day at like random times 11, 12 in the afternoon.
So like the storylines of the playoffs never actually come together. They're just, you end up with these two teams in the World Series and most people haven't watched the playoffs because the playoffs are unwatchable because they're on, we, everyone's supposed to be working, well, they have to start it in mid-afternoon because then the game will be done by bedtime.
If they start the game at like primetime, then it won't be done until the next morning. So then everyone will be like, ah, they'll just turn the game off. So that's why they start in mid afternoon. So it could take that full eight hours to get the game over. Yeah. Yeah. It's uh, baseball's. Slow, but they gotta figure something else out there.
Baseball is boring. Okay, so Philly's equals market crash recession, right? I'm still not rooting for the Astros though. Oh, I mean, I'm just gonna say that history doesn't, it's not gonna repeat itself here. Hopefully. Yeah, I don't like cheaters, so I'm not voting for the Astros. All right, let's get to hot take headlines.
Uh, the Federal Reserve raised interest rates. They raised interest rates by 0.75%. Now that brings it to 3.75% or four. This is the highest level since 2008 and during the press conference Fed Share Drone, Powell dismissed the idea that the Fed may pause raising rates soon. Should we really start to question what the Feds are actually doing here and is it concerning that they're raising rates again?
Yeah. I mean, they're pretty much trying to cause a recession at this point, and he. The press conference was really interesting cuz one thing Paul said was that, that the soft landing that they were kind of going for is, you know, pretty much off the table now. He's trying to cause a full on, you know, recession which I think is really weird for people to hear and to understand.
But you know it for a long term picture. The stock market's not gonna bottom until the fed stops raising rates. Or it's not gonna resume or at least slows down. Yeah, it's not gonna resume. Its. So I think that's the most important takeaway for people. As the Fed keeps raising rates, the market's gonna go sideways to down.
Right? So as, as if they plan to keep raising them, the rebound that we keep talking about, or the recovery we're talking about, is not going to begin until the feds decide to stop raising rates. Correct? Yeah. Think of it more like in a broad sense, like they'll always be rebounds, right? Like, we had a rebound for October.
We're probably gonna get a rebound into November. But it's not gonna be a new sustained bull market until the rate rises stop. So everyone's waiting for this fed pivot and the agenda is the same. That's what he said, right? They're sticking to their stance. And I think that you said, you know, are we starting to question, I think the questionings already happened, right?
Probably since late summer of, how many of these rate increases? When are they gonna pivot, like Matt said. So until something changes, you know, why is the market gonna completely. Yeah, and I keep, I think we, it's just prolonging what we're all waiting for and we're all wanting the market to recover, and every time they do this, they come out with this announcement and then the market just crashes right back down and it's wiping away all the gains that we were just seeing from the last couple weeks.
Yeah. You know, like we said, we said on a million shows this year, we haven't done a million shows. We sat on a lot of our shows this year. You know, the big takeaway is this is such a win for boomers, higher interest rates, right at the time when you need fixed. Home run for, you know, retiring baby boomers, but does he actually know what he's doing?
That's the question I have. . Well, it is just, I think that like they're sticking to their stance and they don't have a lot of tools to battle this type of inflation. I mean, this is what their only tool for the most part. And so he's very pride. That he can't change his stance or at least kind of slow this down.
And we know we've saw some of the data, right Matt? I mean, inflation in certain areas has kind of topped. And it's not broad spectrum all over anymore. So I just, the questioning of PAL is definitely warranted. The job marketing, he needs the job market to get crushed. That's what makes them nervous.
They don't like wage growth. I think back to two, three years ago when so many people were campaigning on, you know, raising the minimum wage and it's like, Oh yeah, that's a great idea. Let's pay McDonald's workers 20 bucks an hour. No, it's a poor idea. Cause it causes inflation. We talked about that on this podcast when that originally happened, and I guess that for the understander, the listeners to understand too, wage growth is not helping inflation, like you just said.
That's why they're wanting to. All right, let's get into the second headline. There's a big tech earnings rack, alphabet, which is Google, Amazon mea. Microsoft lost a combined 350 billion in market cap the final week of October. Long term earnings forecast at MEA and Amazon were gloomy, and all these companies are suffering from slow growth.
These slam dunk stocks. There for pure growth for so long. Is that over now and what's happening? Yeah, I think it's over. You know, we had the big fan companies for a long time and first it was Netflix this year. They've since recovered. But you know, it's probably not going back to where it was. Now you're looking at the same meta has essentially been shot.
It's. 73% this year. And then now it, it's pulling over into Google, Amazon, and Microsoft. And, you know, Apple's probably next, but this year Google is down 41%. Amazon's down 46, and Microsoft's down 35, I mean, That's a blood bath on these big companies. The good news is that there's a real positive takeaway that I think clients should know and listeners of the show should know, is that with these companies crashing in the recent weeks, it didn't crash the stock market cuz there's other stocks now going up, right?
And that's what we're trying to do in our portfolios. That's why we've always lean more value and kind of stayed away from these big tech companies that we're more growth. So the value stocks are doing really well and it's helping to lift up portfolios. I, I guess my, my next question too is if you look at market capitalization, we looked at this in the past, you know, you had like your six major companies out there like these, that made up probably I think 52, 50 3% of the whole US market capitalization.
And with this decrease that now we've seen in these companies, but then the increase in other companies, is that really getting squeezed? Are they getting smaller based on market capitalization in the. Yes they are. Yeah, absolutely. And I think it is a little bit of a reset cuz we could probably look back and make the argument that they were overvalued for a long time.
Right. Just that on a earnings multiplier point of view. And just take Amazon for an example. I mean, this isn't the first time like they've ran at a net operating loss, but the market now and the where it's at is finally pricing in their. Poor performance and their losses. And we're seeing investors react to it.
And you know, they're just not taking the name of Amazon anymore and still, you know, buying, they're actually selling now cuz things are changing. You know, you could see Google and Amazon and Microsoft. They obviously in Apple, they, they have a tremendous place in the market space. But Meta's like to me, this one that's kind of on an island.
because they're making a lot of adjustments to their business plan where, I don't know, they actually know where they're, they're going. The best thing that could happen to meta is TikTok and band in the. If TikTok gets banned in the US that stock's gonna be up 20 or 25% the next day. They've invested so much money in the whole reals software.
Yeah, a lot of their money's going there. And meta Facebook for everyone that doesn't remember that has changed. But long term for these companies, they need to transition from, you know, we were talking about being growth stocks, um, which is a category of stocks that you can invest in to more value stocks.
You need to start paying dividends, buying back shares. Honestly, they probably need to lay off 10% of their workforce and stop hiring so much and giving away stock options like, it's free money. They just have to transition to being more like Proctor and Gamble, more like, Exxon Mobil, you know, kind of these boring companies that we.
Think of as, traditional value stocks. When do they, when do companies usually transfer from growth to value? Or do some people never. Some companies never make that transition. It's an interesting question. I think some companies never do it. Apple did it right? Apple was a growth stock from 2002 to 2012.
The market crushed it. It was down like 40, 50. And then it came in, in transition. They started paying a dividend, buying back shares, and it turned into more of a value stock. What a great stock. That's the cleanest shirt in that dirty laundry, right. Of the companies. We talked about Apple, absolutely. But in my opinion, it could be the next shoe to drop, so hopefully not.
All right, let's get into the next headline. Elon. We've talked about a lot on the show, Close the Twitter deal. Following up on a previous story that we had talked about, I, I don't know how many times we've gone over it, but Elon Musk has taken now ownership of Twitter. He closed the 44 billion acquisition of it and Musk immediately fired top executives, which include the ceo, the cfo, and the policy chief.
This has been a controversial acquisition over the last, I don't know, eight to nine months. What do you think actually happens to Twitter from here? I have honestly no clue on this one. Hopefully it becomes a, a better social network. You know, there's a, a lot of rumors that changes. I, I think the biggest one is they're gonna start charging users for those blue check marks which is good.
And it sounds like they're gonna add like a premium option for you to pay. . The other interesting thing is, I forgot what the, the software was called. Do you remember V Josh? Yeah. The social thing. The like short video? Yeah. Yeah. So Twitter is just so stupid. Mark Zuckerberg famously said that Twitter like drove a clown car into a gold mine.
So Twitter had the technology for TikTok before TikTok was around. It was called Vine. Yeah, Vine was pretty popular. Yeah. And they closed it down for some reason. Mm. And then TikTok just copied it and made a better algorithm and then, you know, started owning social media and then short form video blew up and now it's on every single.
Yeah. So platform. It's just been such a mismanaged company. I can't imagine Elon's gonna do worse for it. Cause aren't they talking also about including like being able to exchange money like a PayPal on Twitter? Isn't that part of the plan going forward too? Or, or a potential for the platform? Yes. And also like a WhatsApp, which is like a communication service, so texting and phone calls, video chatting.
I dunno if that's gonna work , in my opinion, with Twitter platform. But I mean, I think that he will make it a better company. We know Twitter as a kind of a, a cool platform that we all use, but not a very good company at making a lot of money. Um, and I think that he will, transform that. But he's kind of making, he made this statement in his open letter too, that he's not gonna complet.
Reform Twitter. Just make it hopefully better. I think it's funny that a lot of advertisers big, big Fortune 500 companies have been pulling their, ad spend on Twitter for, for no reason whatsoever other than Elon took over. But I, I wonder how many of those top executives who are managing those marketing budgets and pulling ad spend are driving Teslas today?
I would imagine a lot of 'em they'll be back . Yeah, they will. I, I guess regarding the blue checks, does that mean like we can get blue checks as long as we pay for it? Yes. So that means that as long as I'm verified for who I say I am, like my Twitter matches actually who I. I can be verified and considered verified and then, you know, I could actually have one of those little blue checks next to my name.
Yes. I have a question for both of you. Are you gonna pay $8? Yes. Yeah. Why not? I like the product and it sounds like, um, they're gonna add more features. Like it kind of might be a prime membership style deal where it just gets better and better. My problem with Twitter is like a lot of social media is, is you can act as someone that you're not, You don't have to identify who yourself, meaning that you could.
Anything you want and nobody actually know who's that's coming. . I think personally that anybody operating on Twitter should be verified as who they are. You shouldn't be able to say things unless you're standing behind what you're saying. You shouldn't be able to create burner accounts and, and talk about you in a good light when everyone else is talking bad about you.
No . So that's the whole thing. Like a lot of the current blue checks who also are usually seem like they lean very blue in political preferences or up in arms because they're losing their status. . Yeah, of course. Because then they're no longer going to have this sort of verification that they stand out versus everybody else.
Yeah. Everyone else could get the same badge. Yeah. But there is some validity to people being able to stand out of, like you want to know from your headlines who's. Talking like if there's a reporter, you want to be able to, to verify that that reporter stands out from somebody else Just talking. Yeah.
Like the, the information's valid or the opinion's valid. Or from a, like a trusted source. Yeah. Except reporters aren't trusted sources. Yeah. Not anymore. But you could use in the sample out, I was thinking more about like football reporters, not like news reporters. A great tool for chef. All right, let's get into the next one.
Uh, let's talk a little bit about the tech layoffs that are happening. Uh, Amazon has paused. Corporate hiring Lift has actually announced its cutting 13% of its employees. Stripe announced its cutting, 14% of its employee. Open door, uh, has let everyone know that they're cutting 18% of the employees, and Twitter is actually expected to potentially lay off 50% or up to 50% of its employees.
Is this a sign of what's to happen next year? Yeah, I think this is just the beginning. Um, this is sad, right? Because you see you're pointing in percentages, but it's really people, right? People are losing their job, they're losing their source of income. Now it's, are they gonna be able to pay their mortgage?
Are they gonna be able to pay for their car? We don't know. And it's very sad when people lose their job. It happens. Frequently, but it's, it's not something you wanna deal with. But this is what the Fed wants. This is what they're, they're forcing this is their stated mission is they want people to lose jobs.
Um, which I find weird cuz from like that 2008 period to kind of like 20 13, 14, 15, there wasn't enough job growth. Remember the Fed kept being like, We need more job growth. We're keeping interest rates low for a long period of time. More jobs, more jobs. And now they. Too many jobs, too high wages. Let's, We need people like unemployed, basically.
One extreme to the other. Yeah, exactly. It's that pendulum that keeps swinging. Absolutely. But it just seems weird that you want. I know that there's the economic side of it, but you don't want people to have jobs. Yeah, I, I mean, it's just the byproduct also of slowing down the economy. If you're taking a more, macro look at it, you know, slowing down the economy means that we have to have job loss, wage growth needs to slow down, job cuts, you know, all of those things that come with it.
It is like, like Matt said, said, it is sad cuz there's people gonna be losing their jobs, but, We've gone through periods like this where, there are layoffs and you know, as the economy recovers, hopefully quickly those jobs are gonna be needed again. Why don't they just try to slow wage growth and like, you know, they raise minimum wage to an unattainable amount in California.
Like, why don't they just slow the grow growth wage and having to lay off all these people they wanna be in. They wanna power the ship down. It's more, it's more difficult to, to do that. I don't think they have, Basically the Federal Reserves really only control to raise interest rate and expand the money supply.
So raising rates, they're trying to, cost people to lose their jobs. Really, what would be nice if we had a functioning government. So we had a functional government, you could, work together with the Federal Reserve to get things done. But, you know, everybody's so worried about looking smart on Twitter or CNN or msnbc and they're so worried about getting reelected, um, that the government doesn't want putting any good policies in to help the current mess we're in.
It just always seems like we're being reactive versus proactive. Yeah. The one extreme to the other. Absolutely. Uh, let's get into the last headline, uh, Southern California Shipping Container is. No longer backed up, uh, ship waiting to unload at the ports fell from 109 to four. The biggest reason for the decline is US import volumes are declining.
And are we actually just finally getting caught up or is this a byproduct of the volume being down? So when I first read this story, I thought to myself, Oh wow, this is really positive. They cleared the backlog and there's stuff coming through the porch and things are moving, but then the further down the article ire, you know, it's speculated basically that it's because no ships are coming.
So that's probably not a good sign for next year. And if companies aren't ordering, they're definitely expecting a recession. Like we just talked about, there's probably more layoffs coming. It's another indicator of a slowdown, right? We're we're, most of these headlines are really good indicators of the economy slowing down, and I think this is also, you know, the over-ordering.
Everyone was so afraid in Covid, we're seeing like inventory supplies all over. Even just in Southern California, there's a stockpile, right? Like these companies have. Massive amounts of inventory they're gonna have to try to get rid of. Naturally they're gonna slow down the ordering and those ships are gonna stop coming in.
I've been monitoring my email cause you know, we're getting close to Black Friday, Christmas season, holiday season shopping, and it seems like most brands while not doing it consistently are somewhere between 20 to 25% off heading into most weekends. Talking about discounts and sales.
Yeah. So I would imagine that's kind of the low bar as we head into, you know, the holiday season. Like we're probably gonna see some pretty big sales. I'm looking for 40 to 50%. I still need some patio furniture. I mean, that, that was 2008. In 2008, you could walk into almost any store and get items, 50, 60% off is crazy.
Yeah. I feel like things are still though, really expensive. They are. W So I saw an interesting headline that Walmart is rolling back Thanksgiving food prices to 2021, but I just remember back to 2021 and people complaining about food prices in 2021. So that's what I thought. Well, they're rolling it back to expensive times.
Great. I mean, maybe go back to 2019, Walmart. So when does, like, you know, the, the cost of these things, whether it's vacations, trips, hotel, Goods that things that you wanna buy. When is that really, When are we gonna see those decreases? Demand slows down. It's all these trickle down, all of these headlines, all these variables we've been talking about is gonna slow demand and inventory and services are gonna be outta surplus and you're gonna see prices decrease and that's when you're gonna get your cells and everything else.
Yeah. But let's wrap this all back to the stock market, right? So the market's been poor this year. The fed's raising. The market has anticipated all those fed rates and continues to anticipate him as the Fed gets tighter or, you know, more stringent with monetary policy. The Fed State, his goal is to cause a recession.
The stock market knows that it's pricing that in, that's why it's going down now. So by the time we get to this recession that we could all clearly see that, um, on the horizon, the soft market's gonna start going up. So that's why it's very, very important as a, investor, you know, to always stay the course, stay, longer stocks, keep them in your portfolio because you're not gonna be able to anticipate the bottom.
Um, the stock market is far ahead of the actual economy right now, and I think that that's just a really important point that you had just mentioned. And for the listener to understand that recession doesn't mean potentially more stock market. That's just kind of my summary. Yeah, I think we're all ready for this bounce.
It's just nobody knows when it's gonna happen. Mm-hmm. . All right, let's get in the retirement planning corner. The midterm election has come and gone, and regardless of the results, you know, I think it's a big heated debate. You know, a lot of people wanna believe that if a certain political party wins versus the other, that's gonna mean better market returns, and I think that's what we're here to try to navigate through.
What does the actual results of the midterm election mean historically to the stock market? Nothing. Anytime there's a political event, it's usually, you know, a massive nothing burger. You know, maybe if we, if we had a pres a person who got elected, especially on the presidential side, who's gonna move the US from being, you know, capital to communist?
I mean, maybe it'd be a different story, but for the most part it's. Nothing burger in my opinion too. And, and I know Matt, you're gonna give some data pieces about kind of returns through midterm election years as well. But you know, whenever we have elections, there's a lot of uncertainty going into the election.
But as soon as it's done, the uncertainty's gone. Like we can now plan forward for the next two years or the next four years cuz we now know who's controlled in our government. Again, I think that the lack of uncertainty once the election's over is a positive thing. So just getting through next Tuesday will be good.
Yeah you know, it, it, since 1926, it really hasn't mattered what parties controlled the house and the Senate. Stocks have gone higher regardless. . The biggest drivers of stock returns are actually interest rate changes, which we're seeing right now, geopolitical events, which we're also seeing right now.
And then technological advances, which is what we just had over the last, you know, call it 10 to 30 years depending on how, how you wanna look at it, right. With the computers and the internet, and then the smartphone. And then since 1926, following the midterm election, right? So the midterms are always in November.
Um, the average return in November for stocks is 2.7%, and the average return in December is 1.5%. So on average, stocks have been higher following the midterm. And then this is what really gets me excited for next year. I know we've painted a nasty picture. Remember, it's possible to have a recession with the stock market.
During non-election years, which would be next year, 2023, on average stocks have returned 14% since 1926. Let me phrase it a different way. Non-election years, which is gonna be next year. On average, stocks have have returned 14.6% average return of stock prices historically since 1926 is around nine.
So the data seems to suggest we're in for a pretty big year next year. Right. Which also means we're coming out of a really bad year, which you might include or added recovery to that as well. Yeah, absolutely. And you know, it's possible too that stocks start out poor next year. That's well within the realm, I mean, and then they could rally 30, 40, 50% from the lows.
You've, you've had hit two variables, right? Midterm elections. After the midterm elections, great rates of return, non-election years, rates of rates of return. We also seen the data behind when inflation peaks. There's great stock market returns after that. So we have a lot of variables to look forward to, um, even though this year's been so poor, although I think a lot of people will wanna think that.
The midterm has this great impact on the market. You know, the market already has established a mind of its own and it already knows where it's probably going. I think, like you said, it just wants to know the outcome, but it doesn't really care what the outcome is. And hopefully now that just means that we can move on into next year and sort of get this kind of rebound that we've all been waiting for.
Yeah, move past it. Yeah. All right. Let's get into the RPA recommends, Uh, Matthew, what do you have for us? I've been, I don't know if I've done this. I know, Brent, you've done this, but I just wanna second your, um, recommendation for the sono speaker systems. Those are really great. I've been, I've been liking 'em on a lot.
I have a soundbar. Um, I'm hoping to pick up a few more pieces on Black Fridays, The Scouts, You had a soundbar before, right? Yeah, it was. So the Sonos soundbar is by far better than your old soundbar? Yeah, and I don't even have the sub because I was cheap. Did you get the Sonos one jet? The little speakers I keep telling you to get?
No, I'm waiting for those to go on sale. Got it. I'm gonna buy all my Sonos stuff. When it goes on sale, it's starting to go on sale. Yeah. So great, great great product. Highly recommend it. , I wouldn't mess around with another soundbar. For your tv. It's just very easy to use. You know, don't buy a Samsung soundbar to go through Samsung tv.
Just go buy the Sonos. Don't listen to the salesperson at Best Buy. Yeah. Yeah. Sonos works great. So I'm gonna go back to the well on my recommends cause I know how much you love the app, Honey. It's a discount app that you can add to your internet browser and it finds discount codes for. So when you go buy those new Sonos, make sure you run the honey app and it's gonna find you an even better deal.
Well, maybe. And we're coming up on Black Friday deals. We're coming up on shopping for the holidays. Go download that honey app. Give it a try. Matt loves it. Maybe now that the economy is slowing a little bit, honey will prove useful. But during a bull market, honey was like trying to shoot fish in a barrel.
Like just none of the codes worked. It was a waste of time. Brent, did the codes work on honey for you? Yes, but I will say this, just because honey says there are no coupons, that doesn't mean there are no coupons. Go and just Google the coupons for it. And there's a lot of times you'll find them. I agree. I agree with that too.
It's not a your only option to finding a. But it makes it easier. Yes. And I think one thing that, to piggyback on that that's important is, like you and I were talking about the other day, how maybe like a third of your basket is just stuff that you're reoccurringly buying at when you go to the grocery store and that you can buy those, a lot of those products online to get them delivered.
But you can use discount codes when you buy them. So you're buying them for 25% cheaper than what you're paying for them in the store. So you're already getting a significant discount. Yeah, and to give an example of what you're, you're talking about too, is like if you have a specific. Brand of like chips that you like or a specific food brand.
A lot of them like direct sell to like the consumer and you can go to their website and find discount codes and stock up and get it even cheaper. So that's a good tip too. Yeah, I know we were talking about that, but that is smart. Yeah, I mean I do like all my meats. I order from Cook's Venture and. That comes direct and they have discount codes and it gets shipped directly and I'm not paying, you know, grocery store prices for it and I get better quality food and it comes right to, you don't even have to go to the grocery store.
I think cte, we were talking about the CTE brand is another one, and they have chips and beans and all that's healthy, organic, no chemicals. I, I, I eat that way too, but I just wanna tell you guys that as someone who's probably listening to this, they're probably like, Oh, these guys sound super bougie right now.
No, it's, it's a way to save money. And I think that's what's I. Yeah, I think most people are buying, Tyson and, uh, Pepsi Free lay products. Well, I'll tell you, it's not that much more expensive to eat really clean food. It's not, and it's worth it for your health over the long. But for anyone that does, you know, likes a little like more premium brand of a grocery or product, it, there's, there's ways to save.
And, you know, you're helping yourself for the long run, right? You're staying healthy, staying healthier, that's the benefit. Speaking of staying healthy, my RPA recommends is one that I talked about a lot in the beginning shows. And for those that didn't listen to, you know, probably episodes one through 15 before Covid my recommend is orange.
and I've been back for like the last six, eight weeks. I've been back at Orange Theory, working out love. I can hear the excitement in in your voice. I love it. Now I've been using the Peloton treadmill for the last two plus years as Covid was ramped up and the gyms were closed and got used to a morning routine, which I'm still doing.
But I integrated in Orange Theory and I'll tell you it's the best value for your hour. Not only financially based on cost, but the workout that you get if anybody's looking for a workout regime. Cuz I know like the old gym memberships, a lot of people have tried and those are true. I hadn't failed. Like you gotta commit yourself to going, but.
When you want to commit an hour that you don't have to think about your workout and you're gonna be very, very productive and get your good workout in. To me, it's the only style of workout. It's extremely effective for me. They're all over, right? Yeah. It's a franchise. Yes. So like it's not just specific to an area.
Yeah. You have 'em, so you could search and find one close to your area. Yeah. Yeah. When I saw your hot Take headline, I thought it was interesting, so I wanted to relate it to stocks. I just wanted look to see. All the actual gyms and stuff are trading still not pretty this year. So maybe you're, maybe you're a little bit ahead of it, but we know Pelotons actually, got crushed this year.
Yeah. It's been a bad year for them. But Planet Fitness, which is the largest one, is down 30% this year. They're the largest, really? I think they're the largest publicly traded. Yeah. Gym business is a bad business. Yeah. Yes. Very bad business model. But anyways. Alright, sorry. Let's close the show. So, yeah, so, if you're looking for a good workout check out Orange Theory.
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