08-23-19: Restaurant Spending Is Set To Hit A High Mark In 2019-- Up To $863 Billion
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 23 August 2019
⏱️ 47 minutes
🧾️ Download transcript
Summary
Consumers are choosing to spend more of their budget on dining out-- sales at eating and drinking establishments are up over 4% this year.
Today's Stocks & Topics: BGS - B&G Foods Inc., Leading Economic Indicators, Negative Rates, Joint Retirement, 10-year treasury yield: 1.57%, 2-year treasury yield: 1.55%, Gold: $1,536, Oil: $53.84 per barrel, Gasoline: $2.60 per gallon on average, Bitcoin: $10,200 per coin, 30-year FIXED rate: 3.55%, Interest Rates, LK - Luckin Coffee Inc. ADR, Portfolio Yield, Solar Stocks.
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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, I'm Steve Peasley and welcome to Invest Talk. |
| 0:27.0 | By the way, today is August 23rd, 2019. |
| 0:31.0 | And of course, there's been a lot of news. The market reacted to some tweets from the present today pretty negatively and we'll talk we'll get into that a little bit. |
| 0:39.0 | Mark has been going up and down but mostly the downside I would say in the last month or so and I don't |
| 0:47.0 | think we're finished with this correction I just don't believe we are we haven't even had even gone down 10% yet so you know that's would be a normal |
| 0:56.9 | correction but you know we've got to move forward and that's okay corrections are normal they should be |
| 1:03.6 | expected and actually welcomed because the market can't go on one direction forever |
| 1:09.3 | it never does it does have an upside bias. It will generally go up. But right now the market is driven |
| 1:19.0 | by news events right now because there's no earnings reports of its significance and the Fed |
| 1:24.7 | isn't had its meeting and lower the rates a couple three four weeks ago three weeks |
| 1:29.9 | ago and no they don't meet again for a little while. So the market is going to be |
| 1:34.9 | driven by news events, just news. Things going on in Hong Kong with all that |
| 1:39.6 | rioting or you know the battle with China and the trade war that seems to be the number one thing |
| 1:45.8 | so that we're just going to have to get used to it all this will bite will be in the |
| 1:50.6 | behind us someday he will I think we're going to be set up to have some very good buying opportunities. That's how I look at it. |
| 1:57.0 | So let's stay calm and just realize that. I'm Steve Peasley, I thank you for joining me today. I certainly hope you'll call me today. Any investing questions, anything financial will talk about. And when you do, of course, you take charge and you decide what direction the show is going to go. |
| 2:15.0 | The advantage is all on your side. |
| 2:17.5 | So whatever you want to go financially, we'll go there. |
| 2:20.0 | And remember, our goal here is to help you achieve financial freedom, whatever that definition is to you. |
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