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InvestTalk

08-27-19: Wells Fargo Analysts Do Not See A 'Holly Jolly' Holiday Shopping Season For Retailers

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

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

4.41.5K Ratings

🗓️ 27 August 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

The prediction is that a warmer winter season, shorter holiday calendar, reduced tourism spending, and higher inventory levels could hurt fourth-quarter retail sales.

Today's Stocks & Topics: Book Value, Gold & Silver, Top Paying Jobs By Degree, 3 Social Security Mistakes, 2-year: 1.52, 10-year: 1.48%, 30-year yield: 1.96%, Oil: $54 per barrel, Bitcoin: 10,166, Gold: $1,541 per ounce, ENPH - Enphase Energy Inc., Emergency Funds, Double Tax Free, MBUU - Malibu Boats Inc. Cl A, Home Sales Report, CI - Cigna Corp., UBER - Uber Technologies Inc.

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Transcript

Click on a timestamp to play from that location

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 and welcome to invest talk it is Tuesday August 27th

0:27.3

and it's been a lot of news following that a lot of news out a couple of days

0:32.2

and you know the market's up

0:33.5

and down as it has been for well over a month and maybe moving on to two months

0:37.6

here and I don't think it's going to end soon so don't think it's just going to go

0:42.0

away next week or even maybe not next month either.

0:45.2

I think we're just going to have this kind of movement, this kind of tug-of-war and I do think and I don't want to be pessimistic but I do think we're still

0:56.4

in the midst of our correction I don't think we're done yet we could be but I don't

1:01.2

think so it's only been about six, seven percent at the most at its worst and I just think that we could get down to 10 percent easily before we see a bottom. I do think we're going to have a bottom and I think it's going to set up a great buying opportunity

1:14.4

But I just don't think it's yet so don't get too

1:17.7

Don't get too depressed and don't get too excited

1:21.0

Anyways I'm Steve Peasley and I thank you for joining me today and I hope you'll call as well because this is a call and show and your investing questions drive us to wherever a direction do you want to go.

1:33.0

And that's what I'm here for, to answer any financial questions you might have.

1:38.0

And if I don't know the answer, I will say I don't know the answer.

1:40.0

I don't have a problem with that, but I got lots of software in front of me to help me.

1:46.0

So, you know, and it's always toward the same goal, which I mentioned almost every day, and that's financial freedom. And that, and I have what I said many times.

1:55.0

That means something only to you.

1:58.0

You have to describe and define your own financial freedom.

2:02.0

I can't define it for you.

...

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