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InvestTalk

09-06-18: Prediction: China’s Ascendant Economy Will Become World's Largest

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 September 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

At least one expert believes history may not follow that assumption.

Today's Stocks & Topics: Emerging Markets, TWTR - Twitter Inc., Tech, You Going to Need More Money to Retire, Dividends & REITs, UNH - UnitedHealth Group Inc., Tech Retracement, BLK - BlackRock Inc., ABBV - AbbVie Inc., The Middle Class.

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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 I'm Steve Peasley and

0:26.0

is it just me or does it seem like time is moving faster I mean we're already in the first week of September. I mean it

0:36.5

seems like Christmas is right around. I saw Halloween stuff out last week I can't

0:41.1

believe it. Now we know the start you know September I've last week.

0:43.0

Now we know the start, you know, September I've told you a week ago, two weeks ago, September and October are known for volatility and I wrote in the newsletter going back three weeks, four weeks that you expect more

0:56.0

volatility in September in October. So we're seeing that in the NASDAQ. So stocks stalled last week and you know historically as I said these

1:07.0

are going to be difficult months. The market's performance though is still you cannot say it is still on a outward

1:16.6

upward trajectory even though we've seen some pretty steep falls in the NASDAQ. And there's predictions out there that some people, some

1:26.7

are the experts saying room, you know there's plenty of room to grow higher and some people

1:30.8

think it's going to slow.

1:33.0

For instance, there's a story headline in marketwise.com,

1:37.0

stock market has room to rally more than 10% by year in, says famed bowl.

1:42.0

Well, year in, says famed bowl.

1:43.0

Well, there is equity strategists projecting S&P to reach 3200 by the end of 2018.

1:52.1

And I do think we're going to have another rally toward the end of the year I mean

1:54.8

but that that's those are just what we think that doesn't mean the market can fool a lot of people

2:00.2

a lot of time also the same guys are thinking that market is going to be

2:04.3

3,360 on the S.P. by the end in 2019. So is that right? We won't know until we get there.

2:14.0

That's the question, is it?

...

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