10-4-2022 — Has Consumer Demand Already Started to Plunge?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 5 October 2022
⏱️ 47 minutes
🧾️ Download transcript
Summary
U.S. shippers report a 20% drop in ocean freight orders including machinery, household products, industrial products and apparel goods.
Stocks: PFE -- Pfizer Inc. (NYS); AMP -- Ameriprise Financial Inc. (NYS); GOGL -- Golden Ocean Group Ltd. (NAS); GT -- Goodyear Tire & Rubber Co. (NAS).
Topics: Caller questions: Covered call strategy?; Comments on the FED; Digital banking-- is it safe?; STEVE's talking point stories: Job openings report shows available jobs down by one million; Inventory orders are flat; Micron to build microchip factory in New York NOT Texas-- why?
Steve's TRIVIA question: "What are the key factors that can impact your net worth?"
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:09.4 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.4 | and share their unbiased answers. |
| 0:18.1 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.4 | clients throughout the United States. |
| 0:26.3 | The clarity for your path forward starts now. |
| 0:30.8 | Here is KPP Financial President, Financial Advisor, Steve Peasley. |
| 0:35.9 | Good afternoon everybody and welcome to Invest Talk. |
| 0:40.4 | It is Tuesday October 4, 2022. |
| 0:43.6 | It didn't have a spectacular day in the market today, there's two days in a row. |
| 0:49.8 | I'm wondering, I'm thinking does that mean something and maybe we can get into that |
| 0:53.8 | a little bit later. |
| 0:55.7 | We have started the fourth quarter. |
| 0:58.0 | There is no denying that the year has been very volatile and I'll probably continue. |
| 1:03.8 | I mean, look what happened the last two days, I mean, it's every day we have lots of volatility. |
| 1:10.4 | Very seldom do we see, how many days in a row have you seen the market kind of be flatish? |
| 1:15.6 | Never. |
| 1:16.6 | We haven't seen. |
| 1:17.6 | But it should. |
| 1:18.6 | Normally it could go a week, two weeks, three weeks without doing very much up or down, |
| 1:22.9 | but we haven't seen that. |
| 1:24.8 | We've been very, very volatile. |
... |
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