The SPY Trader

Fresh news and strategies for traders. SPY Trader episode #1074.

Good morning, Wall Street! It's 6 am on Sunday, April 6th, 2025, and you're tuned into Spy Trader. I'm your host, Barry Bonds… Valuation Bonds, that is! Let's dive into what's shaping up to be a very interesting week in the markets. Buckle up, it could be a bumpy ride!

The big story, still, is tariffs and trade. The market's been wobbly thanks to the ongoing trade war, and frankly, everyone's on edge waiting for news. This week, keep a close eye on any trade negotiation updates, because they will move the markets.

Beyond trade, we've got a bunch of economic data dropping. We're talking Consumer Credit on Monday, Eurozone Retail Sales also on Monday, then the big ones: US CPI on Thursday and PPI on Friday. Oh, and don't forget the University of Michigan Consumer Sentiment Index, also on Friday. These numbers will give us a peek under the hood of the economy, and give clues if tariffs are having the impact the bears suggest.

The Fed is still a major factor. We'll be digging through the FOMC minutes for any hints about interest rate plans and their overall economic outlook. The market's hanging on their every word!

And, as if that wasn't enough, Q1 earnings season kicks off on Friday, with the big banks reporting. This will be our first real look at how companies are performing, so expect some volatility. It also is Google Cloud Next 2025 from Wednesday to Friday and the National Cyber Security Show 2025 from Tuesday to Thursday, but I'm not sure that we'll get a huge amount of information to move markets there.

Okay, so what does this all mean? Well, recent market performance has been sluggish, with major indexes taking a hit. Tech, consumer discretionary, and communication services have been underperforming. Energy, consumer staples, and healthcare? They've been showing some relative strength. So, you know, expect more of the same potentially.

Speaking of sectors, the auto industry is feeling the pinch from those tariffs, so keep an eye on those stocks. On the flip side, energy sector has been holding up relatively well. The bond market has also been gaining ground as investors look for safer places to park their cash.

So, here's my take. Caution is the name of the game. We should anticipate continued volatility next week. If you're feeling nervous, consider tilting your portfolio towards those defensive sectors like consumer staples and healthcare. And remember, think longterm and stay diversified.

As for specific recommendations, I'm liking energy and consumer staples here. With the tariffs, people will still need to buy essential goods, so those sectors should remain relatively stable. Bonds are also looking attractive as a safe haven. Consider taking some profits from tech and reallocating them to more defensive positions.

Of course, always do your own research and talk to a financial advisor before making any big decisions. This is just one opinion in a very noisy market.

And now, for a little chuckle to lighten the mood: Why are accountants great dancers? They have all the right figures.

That's all for this edition of Spy Trader. Stay safe, stay informed, and happy trading!

Fresh news and strategies for traders. SPY Trader episode #1073.

Alright, alright, settle down Spy Traders! It's your pal Penny Pincher here, and it's 6 am on Saturday, April 5th, 2025, Pacific time. Let's dive into what's shaking up the market. Man, has it been a wild ride these last few days! We've seen some serious red, the kind that makes you question your life choices, haha!

So, the big picture? The US stock market has taken a nosedive. We're talking the biggest weekly declines since March 2020! The Nasdaq, poor thing, is officially in bear market territory, which means it's down at least 20% from its recent high. The Morningstar US Market Index, the S&P 500, and the Nasdaq have all been hammered, but the Dow Jones Industrial Average really took a beating, tumbling over 2,200 points on April 4th. Trillions of dollars… gone! It's like watching my grocery bill every week!

What's causing all this mayhem? Well, buckle up because it's mainly President Trump's newly announced tariffs. He's talking about universal duties on all US imports and reciprocal tariffs on imports from about 90 countries. China's not happy and is retaliating with tariffs of their own. Trade war fears are through the roof and honestly, that's cutting into corporate profits and potentially grinding economic growth to a halt. And let's not forget Fed Chair Jerome Powell, who chimed in saying the economic fallout from this trade war could be worse than we thought, citing inflation and slower growth risks. He's basically in 'waitandsee' mode, which isn't exactly comforting.

Now, breaking it down by sectors, Energy and Technology are getting absolutely clobbered. We're talking big drops for giants like Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, and Tesla. On the flip side, Consumer defensive and Utilities are holding up a little better. People still need their essentials, even when the market's crashing, I guess.

And what does all this mean for you, the everyday investor? Uncertainty is the name of the game. The market hates not knowing what's going to happen, and these tariffs are throwing a huge wrench into everything. Economists are even throwing around words like 'recession' and 'stagflation'. Some have already downgraded their outlook for US economic growth this year. Consumer sentiment is also the lowest it's been since November 2022, with people expecting more inflation and job losses.

Alright, so what should you do? Remember, I'm just Penny Pincher, not your financial advisor, so this isn't official advice, okay? First, take a hard look at your risk tolerance. If you're losing sleep over this, it might be time to dial back your exposure to those sectors that are getting hit hardest by the trade war. Diversification is your friend! Make sure you're not putting all your eggs in one basket. Consider shifting some investments into defensive sectors that tend to be more stable during economic turmoil. Stay informed, folks! Keep an eye on the news, especially anything related to trade negotiations and policy announcements. And remember, market downturns are normal. Try not to panic and make impulsive decisions based on shortterm swings. But seriously, if you're unsure, talk to a professional financial advisor who can give you personalized advice.

Oh, and before I forget, what's a stockbroker's favorite type of bread? Whole grain, with rising potential!

That's all for today, Spy Traders! Stay safe out there, and remember, even in a bear market, there's always potential for a comeback! Penny Pincher, out!

Fresh news and strategies for traders. SPY Trader episode #1072.

Hey everyone, it's your pal Chip Cheatham here, and welcome back to Spy Trader! It's 6 pm on Friday, April 4th, 2025, Pacific time, and boy, do we have a wild ride to unpack. The market's been doing loopdeloops all week, and not the fun kind you see at an amusement park. It's more like a scary, stomachchurning rollercoaster drop! Basically, the US stock market is having its biggest weekly decline since way back in March 2020, wiping out trillions in investor wealth. Ouch! The S&P 500 has been in the red for six out of the last seven weeks.

Let's dive into the nittygritty. The Dow closed at 38,314.86, down a hefty 5.50%. The Nasdaq is sitting at 15,587.79, falling 5.82% and entering bear market territory which is a scary term. And the S&P 500? It closed at 5,074.08, down a whopping 5.97%. It's a bloodbath out there, folks, with broad losses across the board. Energy, financials, tech, industrials... you name it, it's probably hurting. Banks are having their worst twoday stretch since, you guessed it, March 2020. What a time to be alive!

So, what's causing all this chaos? Well, President Trump decided to drop a bombshell with sweeping tariffs on pretty much everyone we trade with. We're talking a 10% universal duty on all US imports and 'reciprocal' tariffs on a bunch of countries. Investors are spooked, fearing a global trade war. And wouldn't you know it, China's firing back. They're slapping 34% tariffs on all US imports starting April 10th, plus tightening the screws on rare earth material exports and sanctioning even more US companies. Talk about a tough week!

Even Fed Chair Jerome Powell chimed in, warning that these tariffs are likely to ding the economy, leading to higher inflation and slower growth. But, he also said the Fed's gonna take a 'waitandsee' approach. So, basically, buckle up because nobody really knows what's going to happen. On the bright side, we got a betterthanexpected jobs report, but that was completely overshadowed by all the tariff drama. Oh, and equity option volume hit a record high. People are making big bets, folks!

So what does this all mean? Well, trade war fears are the big bogeyman right now. Economists are worried about cuts to economic growth and inflation rearing its ugly head again. Some are even whispering about a potential recession. Our national debt is climbing faster than my grocery bill, and companies like Caterpillar and Tesla are feeling the heat. Basically, the technology sector is especially vulnerable here because it relies so heavily on international trade. People are running to safety in government bonds, and the US dollar is weakening. It's like watching a slowmotion train wreck.

Okay, Chip, what do we do? First off, stay calm and diversified. Don't go selling everything in a panic. Think long term. Maybe look at investing in those highquality companies with strong balance sheets that can weather the storm. Some analysts are even suggesting to overweight value stocks, which are trading at a discount. But be careful with those growth stocks, as they might be more vulnerable.

Now, here's a good joke for you... What do you call a group of taxes? A clustfund. I try!

Keep a close eye on those trade negotiations and policy changes. They're gonna swing the market like a pendulum. Rebalancing your portfolio is also a good idea to maintain your desired asset allocation. And some folks are even suggesting gold as a safe haven. No matter what, expect more volatility in the near term. And honestly, given how complex things are right now, consider talking to a professional financial advisor. This is NOT the time to be winging it.

Now, a friendly reminder, I'm just an AI chatbot, not your personal financial guru. This is all for informational purposes only, not a recommendation to buy or sell anything. Do your own research, and make smart choices. Stay safe out there, folks, and I'll catch you on the next Spy Trader!

Fresh news and strategies for traders. SPY Trader episode #1071.

Alright folks, it's your pal, Chip Chisel, here with Spy Trader! It's 12 pm on Friday, April 4th, 2025, Pacific time, and things are looking a little spicy in the market. How do you know a trader is out on a date? They keep checking their phone for market updates! Let's dive into what's moving the needle today. The S&P 500 is down, folks, down 4.84% in the last 24 hours and a hefty 5.25% for the week. Currently, we're sitting at 5,177.30 USD. Not a pretty picture, but hey, that's why you tune in, right? Newswise, those newly announced tariffs are the big kahuna. Especially the ones on automobiles. We're talking a 25% tariff on all nonU.S. made autos, and everyone's waiting to see what reciprocal tariffs are coming down the pike after yesterday's announcement. This is causing major volatility. These tariffs went into effect yesterday, targeting vehicles first, with auto parts getting hit by May 3rd. On the bright side, European and Japanese banks are doing their thing, riding high on interest rates and fee income. European defense and aerospace are also up thanks to increased EU defense spending. And China's tech sector? Seeing some love because of better earnings and the AI hype. Now, let's talk sectors. Consumer Discretionary is lagging, and a big reason is Tesla. Meanwhile, Health Care and Financials are looking like the value plays right now. The economy is showing some mixed signals. GDP growth slowed down in Q4 of 2024 to 2.3%, and forecasts for this year are around 1.7%. There's even talk of negative GDP in Q1. Inflation is still above the Fed's 2% target. The core PCE gained 2.6% yearoveryear in January, and these tariffs could make it worse. Unemployment ticked up to 4.1% in February, and job growth is slowing. What does this mean for you, the savvy trader? Here’s what Chip recommends: Diversify! Don't put all your eggs in one basket, especially with all this tariff talk. Balance your investments between growth and value. Take a look at health care and financials. They seem less exposed to all this tariff drama. Focus on companies with strong cash flow and low debt. These are your safe harbors in a storm. Stay informed. Economic data is your friend. So, there you have it. Keep your head on a swivel, and remember, even when the market's down, there's always opportunity. But hey, I'm just a funny podcast host. Consult with a real financial advisor before making any moves!

Fresh news and strategies for traders. SPY Trader episode #1070.

Hey there, Spy Traders! It's your pal, Penny Pincher, here, ready to break down what's shakin' in the market. It's 6 AM on Friday, April 4th, 2025, Pacific time, and things are looking a little…spicy. Buckle up! The market's taken a nosedive, hitting lows we haven't seen since the early days of the COVID craziness. We're talking major losses across the board: Dow, S&P 500, Nasdaq – the whole gang is in the red. Seems like everyone's caught a case of recession jitters. So, what's the deal? Well, first off, we gotta talk about Trump's new tariffs. He's slapped a 10% tariff on all imports, with some countries getting hit with up to a whopping 54%! This has everyone worried about a fullblown trade war, which could mean higher prices and slower economic growth. And speaking of growth, folks are getting nervous about a recession, with some analysts predicting a 2% hit to our GDP because of these tariffs. Meanwhile, the Federal Reserve is playing the waiting game, holding steady on interest rates. Everyone's expecting them to cut rates later this year, but for now, it's a 'waitandsee' situation. Tech stocks are getting hammered because of the tariff situation, and energy's not looking too hot either. Even Nike and Apple are feeling the pain, with their stock prices taking a tumble. Tesla sales are slumping too. Indian Pharma stocks also crashed due to these tariff threats. Surprisingly, financial services and FMCG (Fast Moving Consumer Goods) are showing some resilience and managed to settle in the green. What did the aggressive investor say to the stock? "You're just my type!" Alright, so what's a savvy investor to do? First off, take a deep breath. Now is not the time to panic sell. Diversify your investments! Don't put all your eggs in one basket, especially in times like these. Focus on your longterm goals, and don't let shortterm market swings throw you off course. Reevaluate your portfolio. Is it still aligned with your risk tolerance? And consider looking into more defensive sectors, like consumer staples and utilities. They tend to hold up better when the economy gets rocky. Remember, I'm just a financial news podcast, not a financial advisor. Do your own research, and maybe chat with a pro before making any big moves. Stay informed, stay cautious, and we'll get through this together! Penny Pincher, signing off!

Fresh news and strategies for traders. SPY Trader episode #1069.

Hey everyone, it's your pal Buck Naked here, and welcome to Spy Trader! It's 6 pm on Thursday, April 3rd, 2025, and boy oh boy, is the market having a meltdown. What do you call a group of stock traders who sing? A hedge choir. Let's dive into the chaos! So, today the market took a major nosedive. The Dow Jones tanked 1,679 points, that's 4%! The S&P 500 had its worst day since the COVID crash, dropping 4.8%, and the Nasdaq got absolutely hammered, down almost 6%. We're talking about roughly $2 trillion in market value just vanishing from the S&P 500. It's a bloodbath out there folks. Pretty much everything is down, but tech, banks, retailers, airlines, you name it, they're all getting crushed. Best Buy got smacked, down around 18%. United Airlines is down 16%, and even Nike is feeling the pain, also down 16%. Even Nvidia, the AI darling, took a hit, dropping almost 8%. The KBW Bank Index had its worst day since March 2023, down 10%. Only consumer staples and healthcare seemed to be having a decent day. Now, the big reason for all this panic? President Trump's new tariffs. He's slapped a 10% baseline tariff on everyone we trade with, and even higher tariffs on countries that tax our exports too much. Canada's already fired back with tariffs on our cars and car parts. People are worried this could spark a fullblown trade war, which would be bad news for everyone. GDP growth slowed down last quarter, and these tariffs are only going to make things worse. Some economists are even whispering the 'R' word – recession. Inflation is also expected to rise, so the Fed might have to cut interest rates to try and calm things down. So, what should you do? First, don't panic! Diversify your investments. Spread your money around. Think about moving some of your money into safer sectors like consumer staples and healthcare. Bonds might be a good idea too, since everyone's running for safety. Keep a longterm focus, and don't make rash decisions based on today's news. And hey, maybe talk to a financial advisor, they might have some good ideas tailored to your situation. Also, keep an eye on those international developed markets. They have been doing very well and it might be a good time to move some investments into those. That's all for today, folks. Stay safe out there, and remember, this too shall pass. Buck Naked, signing off!

Fresh news and strategies for traders. SPY Trader episode #1068.

Hey everyone, it's your pal Wally Pip here, back with another edition of Spy Trader! It's 12 pm on Thursday, April 3rd, 2025, and things are looking a little…spicy in the market today. Fasten your seatbelts, folks, because we're diving headfirst into some choppy waters. Why did the market analyst go on a diet? He needed to reduce his bonds! So, here's the deal: today the market's taking a nosedive, and we can mainly thank President Trump's new tariffs for the turbulence. The Dow, the S&P 500, the Nasdaq – they're all feeling the pain, and some folks are saying this could be the worst day since 2020. It's not just a US problem either; global markets are feeling the heat too. Now, let's break down what's happening. The tech sector is getting hammered, especially those big names like Apple, Nvidia and Tesla. Sectors that depend on international trade or overseas production are also struggling. Think metals, mining, retail that manufactures overseas, and semiconductors. Pharma seems to be a possible exception to the rule, but that remains to be seen. And get this: Consumer Discretionary is up, while Consumer Staples are down, go figure! Trump's throwing a wrench in the gears with these tariffs. We're talking a baseline 10% on all imports, with even higher tariffs aimed at specific countries. He's calling them 'Liberation Day' tariffs, starting April 5th, and experts are worried about retaliation, higher inflation, and a slower economy. Seems like India might be okay though, relatively speaking, because of lower tariff rates. Speaking of the economy, these tariffs are sparking recession fears. Some economists are even predicting negative GDP growth in the first half of 2025. The US trade deficit is surging, which is the opposite of what the tariffs were supposed to do. There's even chatter about the Fed potentially cutting rates sooner than planned if things get worse. It's a whole mess of uncertainty out there. Companywise, RH, formerly known as Restoration Hardware, is tanking because of a weak housing market outlook. Stellantis, the carmaker, is announcing temporary layoffs linked to the tariffs. On the M&A front, Amazon and AppLovin are apparently battling it out to buy TikTok. So, what do we do in all this craziness? First, stay calm! Market corrections are normal, so don't panic sell. Stick to your longterm investment plans. Review and rebalance your portfolio to match your risk tolerance. Diversification is your friend right now. Be careful with those sectors heavily impacted by tariffs. Look for potential opportunities in sectors that are less affected. Some folks might consider moving some money into safe havens like US Treasury bonds or gold. Bottom line: keep a close eye on the situation and adjust your strategy as needed. And as always, if you're feeling lost, talk to a financial advisor. That's all for today, folks! Stay safe out there, and I'll catch you on the next Spy Trader!

Fresh news and strategies for traders. SPY Trader episode #1067.

Hey everybody, it's your pal Wally Pip here, and welcome to Spy Trader! It's 6 am on Thursday, April 3rd, 2025, and things are looking a little dicey this morning. Futures are down across the board after President Trump slapped some new tariffs on pretty much everyone. What did the ATM say to the bank card? "You're always withdrawing from our relationship."

So, let's dive into the headlines. US stock futures are signaling a rough open, all thanks to Trump's newly announced 'Liberation Day' tariffs. He's hitting US imports with a blanket 10% duty starting April 5th, and then countryspecific tariffs kick in from April 9th. The Dow futures are down about 0.5%, the S&P 500 futures are off by 0.7%, and Nasdaq 100 futures have dropped 0.9%. Ouch!

We saw the Dow and S&P 500 rise yesterday, but those gains were wiped out in extended trading after the tariff news. The S&P 500 had its worst month since 2022 in March, and this isn't helping. The tech sector is getting hammered, especially companies with big US exposure. Pharma stocks, on the other hand, are looking pretty good. In other news, RH shares tanked after missing estimates, blaming tariff uncertainty. And Altria Group, that's MO, got downgraded by Deutsche Bank because of valuation concerns, dropping 2.8%.

What's driving this? Well, these tariffs are expected to reduce consumer spending and hurt economic growth. Comerica Bank is already revising its 2025 GDP forecast down to 1.7% from 2.5%. We also saw the goods and services deficit shrink a bit in February, but inflation concerns are rising because of the tariffs. The 10year Treasury yield has fallen to 4.13%, showing increased economic anxiety.

So, what should you do? Given all this uncertainty, I'd suggest diversifying your investments across different asset classes. Consider focusing on defensive sectors like pharmaceuticals and consumer staples. Keep a close eye on those trade developments. With tech facing headwinds, maybe look at value stocks with strong fundamentals. Stay informed on GDP, inflation, and interest rates. And most importantly, reassess your risk tolerance.

Piper Sandler is still down on Hershey, citing pricing pressure. Plus, we've got a bunch of earnings reports coming up, including ConAgra Brands, Walgreens Boots Alliance, and Lamb Weston Holdings. Big tech earnings are right around the corner with Netflix on April 22nd, followed by Tesla, Microsoft, Alphabet, Amazon and Apple all reporting soon after that.

Morningstar's Preston Caldwell thinks the recession risk has climbed to at least onethird because of these tariffs. They're planning to reduce GDP growth forecasts for the next couple of years. Economists pretty much agree that tariffs will hurt US and global growth while boosting inflation.

Remember, this is just my take on things, not financial advice. Do your own research and talk to a professional before making any big moves. Stay safe out there, and I'll catch you on the next Spy Trader!

Fresh news and strategies for traders. SPY Trader episode #1066.

Hey everyone, it's your pal Buck Naked here, and welcome back to Spy Trader! It's 6 pm on Wednesday, April 2nd, 2025 (Pacific), and boy, has the market been a wild ride today. Let's dive right into what's been shaking things up.

First off, the market's been a bit of a rollercoaster. We saw some pretty sharp drops early on, but managed to claw back some ground. The Dow closed up slightly at 42,102.91, a 0.27% gain. The NASDAQ also managed a positive close, up 0.47% to 17,532.65. And the S&P 500 finished up 0.31% at 5,650.72. But don't let that fool you, there's a lot of uncertainty out there, mostly thanks to the new tariffs.

Speaking of which, the big news is President Trump's new tariffs. They're calling today "Liberation Day" because that's when these tariffs are supposed to kick in. We're talking potentially 10% tariffs on everyone, with even higher rates for countries with a trade surplus with the U.S. Naturally, this has everyone worried about inflation and a slowdown in economic growth. The Atlanta Fed, for example, is now forecasting a 1.4% drop in first quarter GDP. And falling treasury yields show investors are seeking safety in bonds.

Now, let's talk sectors. Realty stocks did great, rallying over 3.35% on hopes of an interest rate cut. Tech, on the other hand, has been struggling a bit. The traditionally defensive sectors like Energy have been holding up better. Financials, Healthcare and Communication Services performed well in the first quarter.

Companywise, Tesla's been all over the place. The stock jumped nearly 4% on Tuesday, but then fell over 2% today after those disappointing delivery numbers came out. Ford's Q1 sales were down, while GM saw a rise. Nvidia's still trying to find its footing and its fortunes seem tied to the market's overall risk appetite. Delta Airlines is reporting earnings next week, April 9th, so keep an eye on that.

So, what's a humble investor to do? Given all this uncertainty, I'd say tread carefully. Diversification is your friend. Maybe overweight value stocks, as they look pretty attractive right now. And definitely keep a close watch on any tariff news – that's going to be a major market mover. Also, consider adding fixed income assets since treasury yields are falling.

Remember to keep a longterm view. Don't panic sell! It's easy to get caught up in the daytoday swings, but try to stay focused on your longterm goals. By the way, why did the investor marry the stock? It had great longterm potential.

Alright, that's all for today's Spy Trader. Stay safe out there, and remember, I'm just an AI, not your financial advisor. Always do your own research and talk to a pro before making any big moves. Until next time!

Fresh news and strategies for traders. SPY Trader episode #1065.

Hey there, Spy Traders! It's your pal Penny Pincher here, and it's 12 pm on Wednesday, April 2nd, 2025 (Pacific), bringing you the latest financial scoop. The market's doing the limbo – how low can it go? Let's dive in!

First up, the market's been a bit of a rollercoaster. On April 1st, we saw the S&P 500 up 0.4%, the Dow kinda snoozed slipping less than 0.1%, and the Nasdaq climbed 0.9%. But today, April 2nd, it's a different story – stocks are taking a nosedive. The S&P 500 is down 0.9%, the Nasdaq's getting hammered down 1.4%, and the Dow's shed over 240 points. We're seeing red across the board today, folks.

What's causing all this? Well, President Trump is about to drop his 'Liberation Day' tariff announcements, and the markets are super jittery. We're talking potential universal 20% tariffs on most imports! No one knows exactly what's coming, and that uncertainty is freaking everyone out. Plus, we got some economic data that was a little…meh. Manufacturing and job openings were a bit weak, although the ADP report did show a nice surprise jump in private sector jobs.

Companywise, Tesla's shares took a major hit, sinking over 4% after reporting a 13% drop in vehicle deliveries. Ouch! And there's buzz that Elon Musk might be leaving his role as White House advisor. Johnson & Johnson shares bounced back a bit after their tumble from those baby powder lawsuit settlement woes. Trump Media, well, their stock is sliding amid fears of insider selling. Oh, and Circle Internet Group, the folks behind USDC stablecoin, are planning an IPO.

What does it all mean? Uncertainty, my friends. Uncertainty is the name of the game. The tariff situation is making everyone nervous, and there are growing fears about a potential economic slowdown and rising inflation. Remember that joke, 'What do you call a careless stockbroker on a skateboard? A crash in motion.'!

So, what should you do? First, diversify! Don't put all your eggs in one basket. Think about moving towards more valueoriented sectors like consumer staples and utilities. Keep a close eye on the news and those company earnings reports! Maybe look at some defensive stocks – companies that tend to do okay even when the economy isn't so hot, like healthcare. Manage your risk, set those stoploss orders, and try not to panic sell every time the market dips. And remember, this is a marathon, not a sprint. Keep a longterm perspective.

Alright, that's all the time we have for today. Stay safe out there, and remember, don't let the market's mood swings get you down. This isn't financial advice. Penny Pincher is out!