October Surprises in Presidential Elections & Bonus: The History of Podcasting

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Rough Transcript:

0:00  
Well, good morning, good afternoon, good evening. It is Friday, November the eighth. We've had a little bit of time to digest what's going on, and I'm going to talk a little bit about the October surprises in presidential elections. However, please be advised at the end of this episode, towards the end, I want to give you a little history on podcasting, and you do not want to miss that.

0:25  
Howdy and welcome. This is the Paul Truesdell podcast, a Paul in a pod. Now let's get something out of the way. Paul is the founder and owner of Truesdell wealth incorporated a true, fair fiduciary based registered investment advisor, and as such, well, due to our extensive holdings and our clients, you should assume that we have a position in all companies discussed, and that a conflict of Interest exists. The information presented is provided for informational purposes only. Truesdell wealth Incorporated, is the sole corporate sponsor of this podcast now. Then, with that out of the way, let's continue.

1:21  
Presidential elections often come with their fair share of drama, and sometimes a well timed October surprise can sway the outcome in unexpected ways. These surprises refer to the impactful last minute events, revelations that influenced voters in the final weeks before Election Day. Take, for example, the 1880 That's right, 1880 election. A fake letter was sent out, and it claimed that Republican candidate James Garfield supported you're gonna love this one, Chinese immigration also, which almost derailed his candidacy. Let's fast forward still a little while ago, to 1912 and just a few days before the election, President Taft's vice president dropped it dead as right. He passed away, and it cast a shadow over Taft's chances, which ultimately helped Woodrow Wilson clinch the victory. Now, not all October surprises are home grown. International events can play a role. For example, in October of 1964

2:37  
the sudden removal of Soviet leader Nikita Khrushchev contributed to Lyndon B Johnson's success as he secured and inherited the presidency from the assassinated President John F Kennedy in 1964 that's where I began my political upbringing When I worked with my parents on the Goldwater campaign in Dallas, Texas. Now, similarly, in 1980 the Iran hostage crisis, well, Iran delayed the release of American hostages, which some believe helped to boost Ronald Reagan's appeal over incumbent Jimmy Carter and Reagan cleaned the house when it comes to Jimmy Carter. Now, more recently, the FBI is late October announcement in 2016

3:29  
regarding the ongoing investigation into Hillary Clinton's emails was thought to influence a relatively close race and coincided to a shift towards Donald Trump. Now let's talk about this year, 2024 the political landscape saw a rare calm. When it comes to notable October surprises, it's just amazing, but the financial markets did experience their own unexpected shifts. What seemed like a promising stock market gains for October fizzled out in the last two days of trading as artificial intelligence investments led a well a wave of profit profit taking. Now this decline was partially due to higher than expected spending from tech giants like meta Alpha bet and Microsoft, those ambitious plans for AI investments caught investors a little bit off guard, and well, rising interest rates further weighed in on investor settlement, sparking concerns about a potential delay in housing market recovery. So we didn't really have a October surprise that a lot of us were waiting for. This was an unusual election, needless to say.

4:53  
Now, before I forget, I want to invite you to the Stone Creek grill in Ocala.

5:00  
Florida, where I am hosting a series of casual breakfast conversations. Let me explain how we do this real quickly. We start at 945, in the morning. It's a buffet type style. Okay, come in, check in, relax, grab a bite to eat, and what I'm going to do is begin talking as quickly as possible, around 10 o'clock, and what we're going to do is talk for about 30 minutes. 35 minutes at the very most, I will condense the topic of whatever it is into that short period of time. I can guarantee you, you can bet your sweet bippy, you will have questions, and that's why we do the rest of the time for allow the time to be question and answer. Ask me anything, ask us anything. But on top of that, that's really going to be our opportunity to audition and provide you with some insight, some aha moments, and then you'll have access to our audio and video vault specific to that topic, where you can go forward and backward and understand exactly what we're talking about in bite sized bites, not a long discussion. It's not a podcast, real short, bite sized bites, where you can say, now, what did he say about this? You can go through. Oh, there it is. Audio, six, video, seven, and we'll have appropriate documents, because that's the new school way of doing things. It's like having a library at your fingertips, audio, video and documents, where those of you who want to take it to the next level, you can do that that way. It's a more casual, comfortable conversation. And if you're interested, you take it the next level, and then we can get together after that. So we're going to end right around 11 o'clock. Reservations are required, and a couple items. First off, in November, on November 14, that's a Thursday, we're going to talk about how to sell real estate using a real estate broker and a real estate agent without paying a commission. That's right, there are ways to sell real estate without paying a commission. We're going to show you how to do that, and we're going to explain the new process, rules and regulations that are out there as a result of all the class action litigation against the National Association of Realtors, we're gonna show you how to navigate that and be very beneficial. So if you have a home that you're looking to buy or sell in the next three years, I'm gonna tell you right now, you need to attend this and if you bought a home previously, and you wanna say, Huh, I wonder what we did we shouldn't have done if we had used these guys well. Again, you might want to attend now, on Friday the 15th, we're g...