02-07-20: Report: Treasury's Mnuchin: U.S. GDP May Fall Short Of 3% This Year
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 8 February 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
Treasury Secretary Steven Mnuchin says he’s expecting U.S. economic growth under 3% in 2020 and he is citing his reasons.
Today's Stocks & Topics: Global QE, Economic Numbers, Jobs Report, SAMG - Silvercrest Asset Management Group Inc. Cl A, PEG - Public Service Enterprise Group Inc., Capital Gaines & Taxes, KHC - Kraft Heinz Co., The KPP Newsletter, Hedging, HON - Honeywell International Inc.
TRIVIA QUESTION: "How MANY IPOs in total were there in the United States from 1999 to 2019? AND-- which year had the most IPOs-- and which year had the least?"
Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline and Treasury Yields.
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent Thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is Friday, February 7th, |
| 0:27.0 | 2020 and you know we're into the second month of the trading year, and yes, there has been lots of volatility |
| 0:34.3 | and I'm pretty sure it's going to continue. |
| 0:37.6 | But you know, that's one reason to listen to this program, of course, right? |
| 0:40.1 | I mean, you know, that's why we're going to help you. |
| 0:42.3 | We want, you need some kind of guidance |
| 0:44.8 | hopefully how to deal with this volatility I talked to a young couple today they |
| 0:50.9 | told them frankly that when the market really gets, when no one wants anything in the market, when the market really takes, that's when you buy. |
| 0:59.0 | And when everybody loves the market and thinks it's great, that's when you sell. In between you have these |
| 1:04.7 | volatility movements up and down up and down. Well if you're in a bold market you buy the |
| 1:11.8 | corrections. When you're in a bear market you sell the rallies but we're still |
| 1:19.1 | in a bull market phase. Still is and it's been a long one. So until that changes, you buy the dips. |
| 1:25.0 | You have to. |
| 1:26.0 | Anyways, I'm Steve Peasley, I hope you can call me today in this hour. |
| 1:30.0 | Though the InvestDog radio Program and Podcasts and my company, KPP Financial, I, through |
| 1:36.3 | them I can help you. I want to help you become a better investor. That's the whole thing. That's |
| 1:41.8 | what Justin Don Klein and I I do this to help you become a better investor. |
| 1:47.0 | And we do that by sharing our ideas, sharing our philosophy and how we do it and what makes sense out there. That makes |
| 1:57.4 | us different from other investment advisors because we give unbiased guidance and we put our money right alongside our clients. |
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