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InvestTalk

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

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.4 β€’ 1.5K Ratings

πŸ—“οΈ 29 April 2019

⏱️ 47 minutes

🧾️ 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 – Glaxo Smith Kline PLC ADR, FSDAX - Fidelity Select Defense and Aerospace Portfolio, VZ - Verizon Communications Inc., NWL - Newell Brands Inc., AGNC - AGNC Investment Corp.

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Transcript

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0:00.0

Steve and justin use why charts for their winning investment research

0:04.6

so start your free trial now and if you purchase mention invest talk and get a generous

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.

0:27.8

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

0:56.7

you can begin to shape this show to your liking and to your advantage.

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

1:15.1

incrementally move you onto the path of financial freedom and maybe keep you on the

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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