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InvestTalk

10-10-18: Report: Fed Chairman Powell Has Cost Stock-Market Investors $1.5 trillion In 2018

InvestTalk

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

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

4.4 β€’ 1.5K Ratings

πŸ—“οΈ 11 October 2018

⏱️ 48 minutes

🧾️ Download transcript

Summary

The S&P has suffered a repetitive decline following three rate-setting news conferences by the Fed leader.

Today's Stocks & Topics: Global Economy, Market Sell-Off, Social Security Benefits Increase Coming, General Market Volatility, Crude Oil Prices, LRCX – Lam Research Corp., Ycharts, AAL – American Airlines, BOX – Box Inc. CIA, TPH – Tri Pointe Group inc.

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Transcript

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0:00.0

Invest Talk listeners ask Steve and Justin what they use for their winning investment research

0:06.4

and the answer is WhyCharts. Quality data with easy to use tools.

0:11.5

Start your free trial now at yCharts.com. This podcast is produced by

0:18.0

KPP Financial Steve Peasley President, KPP Financial, Independent Thinking, Shared Success.

0:27.0

And now today's podcast. Good afternoon everybody and thanks for joining me today on a vest talk. I'm Steve Peasley and it's October 10th, 2018.

0:45.8

It's amazing how fast October, you know, the months just fly by.

0:51.2

And I really feel sorry for those people in Florida.

0:53.7

I'll tell you what, I used to live on the northeast and they used to think I was crazy

0:57.7

as being in California and all those earthquakes.

1:00.6

How about the tornadoes and hurricanes and things?

1:04.0

Yeah, this is the second major one that's hit the Florida area

1:09.0

and this one's going up north, you know, Florida, Alabama, Georgia.

1:13.0

Yeah, it's a tough thing.

1:17.0

And this is a category number four, so it's a big one.

1:20.0

Yeah, the governors of those three states, Florida, Alabama, Georgia, have all the governors of those three states Florida Alabama Georgia have all declared you know a state of emergencies

1:26.9

And remember a category four is very strong was a hundred and sixty five miles an hour winds?

1:35.0

I mean that's going to knock buildings that have been there since the Civil War.

1:38.0

It's going to knock them down.

1:40.0

It's going to happen.

1:41.0

There's a huge powerful storm surge of water from the ocean too.

1:46.8

So, I don't know, it's a tough situation in those people and we gotta pray for them, that's

1:52.4

for sure. The objective

...

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