08-06-19: U.S. Services Growth Slows To Weakest Level Since 2016: ISM
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 6 August 2019
⏱️ 47 minutes
🧾️ Download transcript
Summary
Trade worries weighed on business orders and the outlook for the overall economy.
Today's Stocks & Topics: PFE - Pfizer Inc., Disney Streaming, Good or Bad Debt, Best Job in America, Labor Market, Pension Funds, Dividends, Negative Interest Rates, China Tariffs, AES - AES Corp., Health Insurance, Student Loan vs. Investing in the Market, Minimum Wage, GDX - VanEck Vectors Gold Miners ETF, UUP Invesco DB US Dollar Index Bullish Fund.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Steve and just in use why charts for their winning investment research |
| 0:04.7 | So start your free trial now and if you purchase mention invest talk and get a generous discount at |
| 0:11.8 | wide charts dot com This a generous discount at YCharts.com. This podcast is produced by KPP Financial, Steve |
| 0:19.4 | Peasley President, KPP Financial, Independent Thinking, shared success. |
| 0:26.4 | And now today's podcast. |
| 0:27.8 | Good afternoon everybody and welcome to invest talk it is Tuesday August 6th |
| 0:37.6 | 2019 and we've certainly seen some volatility have we not pretty big volatility here in the month of August. |
| 0:45.0 | Well, that was to be expected and I'm, you know, we did talk about |
| 0:50.0 | that it was going to become more volatile. |
| 0:52.0 | And now that the earning seasons have passed, |
| 0:54.0 | and we have a trade dispute heating up with China, |
| 0:58.0 | and we have no longer the fed lowering interest rates |
| 1:01.0 | coming shortly, the market's going to take its own turn and it's |
| 1:06.0 | turned volatile. Simple as that. And some, most of it did down volatility. But we'll see, |
| 1:12.0 | I mean it's not, it's not something to get too upset about. |
| 1:17.0 | I mean, the market is overdue for a correction, and a normal correction is 10%. |
| 1:21.0 | We've only been down 5%, maybe 6, depending on which |
| 1:25.1 | index you're looking. So that's what we're dealing with today. There's lots of variables. |
| 1:29.8 | I'm Steve Peasley, and I thank you for joining me today today and I certainly hope you'll call me as well. |
| 1:34.3 | Remember we talk about anything financial and when you call me and you ask your financial questions |
| 1:40.2 | you drive the show in the direction you want to go and that's the whole premise of the show. |
| 1:46.0 | And of course our goal is financial freedom for everybody so we want to educate ourselves. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

