1-11-2023 – Inflation Has Not Been Tamed and the FED Admits More Pain Ahead
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 12 January 2023
⏱️ 47 minutes
🧾️ Download transcript
Summary
Federal Reserve Governor Michelle Bowman has noted the mistakes the Fed made in the 1970s when it raised rates to address inflation, but then lowered them when the economy slowed.
Today's Stocks & Topics: SSNC - SS&C Technologies Holdings Inc., BTI - British American Tobacco PLC ADR, CSL - Carlisle Cos., AMAT - Applied Materials Inc., The World Bank on Global Growth Forecasts, VIS - Vanguard Industrials ETF, RGI - Invesco S&P 500 Equal Weight Industrials ETF, GSK - GSK PLC ADR, MO - Altria Group Inc., Sectors, Special Purpose Acquisition Company (SPAC).
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:08.9 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.1 | and share their unbiased answers. |
| 0:17.6 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.2 | clients throughout the United States. |
| 0:26.1 | The clarity for your path forward starts now. |
| 0:30.4 | Here is KPP Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:37.6 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:41.6 | This is our Wednesday, January 11th, 2023 edition and we are halfway through the second |
| 0:49.8 | trading week of the year and to kick off today's show, I want to touch a bit on sentiment. |
| 0:59.5 | And there are a lot of lessons that can be learned. |
| 1:03.8 | If you just study the history of headlines, there's the old adage of, you know, if it's |
| 1:10.8 | on the cover of Time Magazine, for example, that often marks a turning point in a particular |
| 1:19.3 | asset class, just think of, I think it was 07, 0607 when it was on the housing market |
| 1:26.8 | and the boom was all over the cover of Time Magazine. |
| 1:30.8 | And that's one way to gauge sentiment, but there's one that is less discussed and its |
| 1:46.9 | athletes and celebrities. |
| 1:50.2 | And you've seen that recently, remember last year when you had Matt Damon saying fortune |
| 1:56.6 | favors the brave when it comes to investing in cryptocurrency and then the entire space |
| 2:01.8 | decided to crumble. |
| 2:06.2 | And you also had football players, many athletes around the world collecting their paychecks |
| 2:14.6 | in Bitcoin. |
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