10-08-19: High-Profile Investor Warns Stocks Could Tumble 15% By Early Next Year
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 9 October 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
Citing the U.S.-China trade war, this opinion says the economic conditions in the U.S. are not conducive for risk-taking.
Today's Stocks & Topics: BIG - Big Lots Inc., Return on Equity, CVS - CVS Health Corp., China Trade Deal, Investment Choices, U.S. Produce Prices, Books, GE to Freeze Workers Pensions, STLD - Steel Dynamics Inc.
Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline, Treasury Yields, Taxes; TRIVIA QUESTION: "Mortgage rates TODAY are at or near historic lows. What were the rates in the 1940s and 1950s-- during the time of the FIRST mass suburban migration?"
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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 and welcome to Invest Talk it is Tuesday October 8th |
| 0:26.8 | 2019th and of course there's all kinds of news the big news about |
| 0:31.6 | China and the US and tariffs and trade talks, and of course the market |
| 0:39.0 | doesn't like any of them. |
| 0:40.6 | They didn't like anything they saw today and we are getting into let's see maybe not this week but probably next week we'll start getting heavier and heavier into the earnings reports coming out after the third quarter and we'll get some better |
| 0:54.3 | comparisons as to how those earnings look and they might be a little top because of |
| 1:00.1 | the the slowdown worldwide of economies and because of the |
| 1:05.0 | ongoing more, I guess you would call it on the trade dispute with China |
| 1:06.0 | and the ongoing more, I guess you would call it on trade with China. |
| 1:12.0 | And you know, I think we need to be |
| 1:15.4 | prepared for not the greatest numbers but I think they'll be okay it won't be |
| 1:19.6 | disastrous I mean the economic numbers are not disastrous they're just okay showing that we're just growing a little bit |
| 1:27.1 | Maybe 2% maybe |
| 1:29.3 | But that's better than most of the world. The problem is not this only this China trade. |
| 1:35.8 | The problem is the rest of the world is slowing down. |
| 1:39.4 | And you can't probably put all that on the doorstep of the trade issues between the US and China. |
| 1:46.0 | Now of course you can put some of it there, that's for sure. |
| 1:49.0 | But not all of it. The world needs to get it to act together. |
| 1:54.0 | They do. |
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