Netflix, SpaceX, Meta and Tesla report earnings

6.22 in today's Dollars and Cents. Wall Street is sifting through several third quarter earnings reports this morning, including some of the big names in tech. Joining us now to talk about it, financial advisor Chris Murkowski. Good morning, Chris. Good morning. I'm looking through some of these reports and I'm wondering, is this more of the K-shape economy? Some are doing really well, some are not. I mean, SpaceX is one that's going to jump. We have a lot of companies dealing with high prices of gas and layoffs. What are you making of these reports? yeah it's a k-shaped economy it's a k-shaped market as well you kind of bring that up it's a lot of a lot of capital uh flowing to these companies they said if you know if you were a an alien and you were to land here on earth and you were to say where where should i start investing my money i'm probably going to be heading towards tech based upon the flows in this direction you know with that being said well one of the things that um i've tried to caution people about is they're not all going to work out that's just now how it is and any sort of industrial technical revolution is going to be winners and there's going to be losers this is why it's important to take some profits along the way uh don't try to be the smartest person in the room you try to be the smartest person in the room you try to get in the exact bottom and out at the exact top you end up losing um set certain parameters for your tech investments And if you have, you've done very well. Yeah, we pay people like you, financial advisors, big companies with our 401ks so that we don't have to try to time the markets. What would you consider? I know we talked about tech obviously is doing well right now. What would you consider right now that the industries that are maybe the bellwether stocks, that's kind of for people who don't know, like the people that like leading indicators of where the economy is maybe headed? well when you talk about the K-shaped that's part of the issue right now because we have laggards in certain areas since you're having this conversation as of late it's kind of interesting you know how it's bifurcating and almost everything at this point in time where you have nothing but super high-end hotels and low-end hotels there's kind of like not much of an in-between anymore i mean even the Chipotle's of the world they're a $20 burrito for crying out loud. I mean, what is the in-between at this point in time? That's going to have to settle its way through. And I do hope, and I think we're all hoping, that we're going to get some sort of conclusion in regards to what's going on in the Middle East with Iran and also with Ukraine and Russia so we can get these prices down. And then I think we'll get a little bit better of a look at where we're at. Yeah, it's so much uncertainty, as you mentioned here and and around the world. A bit of advice that you are maybe giving customers to kind of deal with this right now? Well, everyone's situation is unique and different. I'm not a hedge fund manager. Every portfolio at our firm is completely different and has to be handled as such. It's the same thing that we've been saying for some time. And we've had positions that we've owned for years and years and years that have done extraordinarily well. That doesn't mean I'm not going to take profits off the table. Like I said, don't try to be the smartest person in the room. I think it's going higher. Well, it already has gone up pretty high. So maybe rotate some assets into areas that haven't done as well. All right. Chris Markowski, we appreciate you. Thanks for joining. Have a great day. You too.