meta_pixel
Tapesearch Logo
Log in
InvestTalk

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

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

4.41.5K 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.

Our Sponsors: * Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com * Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me * Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai * Check out Progressive: https://www.progressive.com * Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com * Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com * Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com * Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.com Advertising Inquiries: https://redcircle.com/brands

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.