01-23-19: Billionaire Hedge Fund Manager Issues Dire Warning On Global Economy
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 24 January 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
A sobering letter cautions investors about the economic impact of global tension, rising debt, and the pervasive political divide.
Today's Stocks & Topics: SYF - Synchrony Financial, Americans Too Confident About Retirement Planning, Government Shutdown & The Economy, Trade Fees, CXW - CoreCivic Inc., EIX - Edison International, ILMN - Illumina Inc., KLAC - KLA-Tencor Corp., Semiconductor Industry.
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| 0:00.0 | Steve and justin use why charts for their winning investment research |
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| 0:10.4 | discount at whyCharts.com. This podcast is produced by KPP Financial, Steve |
| 0:19.3 | Peasley President KPP Financial, Independent Thinking, shared success. |
| 0:26.3 | And now today's podcast. |
| 0:28.7 | Good afternoon everyone and welcome to Invest Talk. This is our Wednesday, January 23rd, 2019 edition of Invest Talk. I'm Justin Klein and I'm in today for Steve |
| 0:47.6 | Peasley and I thank you for joining me. Steve is in San Jose conducting portfolio reviews for our invest talk listeners and you |
| 0:56.8 | probably wonder why he's always up in San Jose in the Bay Area. |
| 1:00.0 | Well, it's where you might be listening to us on podcast, but our live radio station is up in Silicon Valley. |
| 1:08.0 | So just kind of an FYI there. |
| 1:10.0 | So I'm on duty here today and right at the start of the program I want to make it clear |
| 1:15.8 | that our daily objective is to make you an above average investor to help you achieve |
| 1:22.3 | whatever goals you have. And in order to do that, you need to be making |
| 1:28.2 | smarter decisions. You need to not be caught up in the decision-making process that most average investors have and that tends to be with emotion right and |
| 1:46.8 | focusing on things that are too short term things that are biased right using their biases like maybe their political bias to |
| 1:56.7 | buy and sell and that happens a lot as well now along the way I also welcome your questions on the show to get through to |
| 2:06.6 | Invest Talk. You can call our anytime listener line at 88999 chart that's, 4, 2, 78. |
| 2:17.0 | And the market opened generally up today. |
| 2:22.2 | We have Sell-Off, and then a rally closed near the high of the day. The |
| 2:25.9 | Dow was up about 200 points and the S&P was only up about one half a percentage |
| 2:31.3 | point and the NasDAQ just gained a little bit. So overall |
| 2:36.8 | the market was driven by the Dow on the upside and it usually is not a good thing. |
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