10-11-19: Yield Curve 'Father' Says Now Is Time To Prepare For Recession
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 11 October 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
The 3-month Treasury has been in an inverted yield curve since May, and one opinion argues that assets can be better managed when the economy is booming.
Today's Stocks & Topics: HABT - Habit Restaurants Inc. Cl A, Treasury Debt, Where Do Your Paycheck Go?, Annuities, CBLK - Carbon Black, Inc., VMW - VMware Inc., MO - Altria Group Inc.
Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline, Treasury Yields, 30-yr fixed mortgage rate, Consumer Sentiment Index; TRIVIA QUESTION: "Over the 119 years since the beginning of the 20th century (which was 1900), what percentage of that time has the U.S. been IN A RECESSION?"
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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 what today it is 11th of |
| 0:26.7 | October. Wow that's really great. Yeah that's that's amazing days goes by so fast. |
| 0:32.1 | So it is the 11th of October. I appreciate you being with me. This is Invest Talk. |
| 0:36.0 | And of course things are constantly churning and changing out there in the marketplace in the news and economic news as well as you know just political news and the |
| 0:46.1 | big story today was trade in a tentative partial agreement on it with China. |
| 0:52.1 | Gee big surprise, huh? Now the reason why I say G big |
| 0:56.5 | surprise is good don't you think that there's going to be an agreement |
| 0:59.5 | before Trump starts seriously getting into the campaign for re-election? |
| 1:04.6 | Of course you do, right? |
| 1:05.8 | I've told you, we talked about it. |
| 1:07.4 | But so this is just one step, |
| 1:09.4 | and there'll be some more agreements, |
| 1:11.0 | and he'll point to himself and say how the great job he did, right? |
| 1:15.0 | That's just going to be what it is. |
| 1:17.0 | That's how that's how it's going to be. |
| 1:20.0 | So we just, I think you should expect it the market liked it the market liked that kind of news |
| 1:25.9 | And this kind of this whole week the market was doing quite well actually had a good week after a couple of weeks of not so good |
| 1:36.6 | So the week was pretty pleasant from a stock market point of view. Still, we are still, I wrote in the newsletter that we are in a constant battle to try to break above our old highs |
| 1:46.6 | set a year ago September. |
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