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InvestTalk

08-27-2020: Federal Reserve Adopts New Policy: ‘Average Inflation Target’ Of 2%

InvestTalk

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

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

4.41.5K Ratings

🗓️ 27 August 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

In the past, strong labor markets meant that higher inflation was just around the corner thereby indicating a reason to "tap the brakes" and raise interest rates.




Today's Stocks & Topics: VIXY - ProShares VIX Short-Term Futures ETF, FD.V - Facedrive Inc., SDGR - Schrodinger Inc., Mutual Funds, SPY - SPDR S&P 500 ETF Trust, PTY - PIMCO Corporate & Income Opportunity Fund, Going Public, WKHS - Workhorse Group Inc., Oil.



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Transcript

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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 fellow investors and welcome to

0:25.4

Invest Talk. This is our Thursday, August 27th, 2020 edition of Invest Talk.

0:32.8

And we're 68 days away from the election.

0:36.5

Only a couple more trading days left in the month of August.

0:40.4

We have the conclusion of the Republican National Convention tonight with

0:46.3

President Trump giving his closing remarks and that means election

0:51.2

season is really going to ramp up in.

0:55.0

Definitely the most partisan environment of my lifetime and I would probably say that's the case for most people and that's going to be the headline

1:07.5

for the next couple of months

1:10.6

But I think the real headline should be about where we are from a fiscal situation in our country.

1:21.0

And... country. And it's a bipartisan blame. You can put a lot of blame on a lot of

1:31.6

different politicians on both sides of the aisle.

1:34.7

But once we get past the election, that will be a far more important topic.

1:44.0

And one thing I did not cover, I don't think extensively,

1:49.0

it was the week before last, so not last Friday, but the Friday before that was the week before last, not last Friday, but the Friday before that

1:54.0

was the news from that Berkshire Hathaway

1:57.5

had purchased about $500 million in Barric Gold stock and this was really a not necessarily a new decision because Warren has bought gold before in the

2:20.3

70s in the 70s 60s and 70s in 97 in fact he purchased, what did he

2:27.1

purchased back then I forgot exactly which stock it was but it was a big

...

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