04-29-19: Opinion: In Spite Of A Strong GDP Number, The Real Economy Is Slumping
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 β’ 1.5K Ratings
ποΈ 29 April 2019
β±οΈ 47 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
The heart of the real economy β private-sector consumption and investment β slowed sharply in the first quarter to a 1.3% annual rate, the slowest in nearly six years.
Today's Stocks & Topics: Earnings Season, Australia, Financial Advice, FLIN - Franklin FTSE India ETF, GSK β Glaxo Smith Kline PLC ADR, FSDAX - Fidelity Select Defense and Aerospace Portfolio, VZ - Verizon Communications Inc., NWL - Newell Brands Inc., AGNC - AGNC Investment Corp.
Transcript
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| 0:00.0 | Steve and justin use why charts for their winning investment research |
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| 0:26.3 | And now today's podcast. |
| 0:27.8 | Good. Good afternoon investors and welcome to Invest Talk. This is our Monday, April 29th, |
| 0:42.1 | 2019 edition of Invest Talk. I'm Justin Klein and I thank you |
| 0:47.1 | for joining me on today's show and I hope that you will also call me with your |
| 0:52.2 | investing questions and when and if you make time to call |
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| 1:01.1 | And remember, our goal here on Invest Talk is to help you achieve financial freedom using a philosophy of independent thinking and shared success. |
| 1:12.0 | So today in this hour, I'm going to do my best to |
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| 1:21.3 | path if you're already there. So we're going to do this together one |
| 1:24.2 | step at a time and since today is Monday I will share some market news to open the week. |
| 1:33.6 | Now our anytime listener line is open right now at 8-899 chart. |
| 1:38.4 | That's 8-8-992 4-78. I urge you to get your calls in sooner rather than later. |
| 1:45.8 | Now on today's Invest Talk, my main talking point is prompted by a headline, in spite of a strong GDP number, the real economy continues to slump. |
| 1:57.0 | Now it's a strong headline. It's maybe an extreme way of looking at the GDP number but we're going to break it down a little |
| 2:05.6 | bit and help you understand where that 3.2% GDP in the first quarter or that growth came |
| 2:12.4 | from and whether that's, was it built on strong |
| 2:17.9 | foundation or was it a little bit of a misnomer? So we're going to talk about that. We're going to give you the true, |
... |
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