11-30-18: Fed Chairman Powell, in an Apparent Dovish Shift, Says Rates Are 'Near Neutral'

InvestTalk

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

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🗓️ 1 December 2018

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors experienced a strong dose of optimism on hearing that the central bank's rate policy 'tightening cycle' may be eased.
Today's Stocks & Topics: Shorting, DOC - Physicians Realty Trust, Stck Leadership, Data Bridge, Gold, GS - Goldman Sachs Group Inc., I-R-A, CMG - Chipotle Mexican Grill Inc., Airlines, AAPL - Apple Inc., PLNT - Planet Fitness Inc. Cl A. Beneficiaries.

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Transcript

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0:00.0	Steve and justin use why charts for their winning investment research
0:04.6	so start your free trial now and if you purchase mention invest talk and get a generous
0:10.4	discount at whyCharts.com. This podcast is produced by KPP Financial, Steve
0:19.3	Peasley President KPP Financial, Independent Thinking, shared success.
0:26.3	And now today's podcast.
0:28.3	Good afternoon everybody, and thank you for joining me here today on
0:35.1	Invest Talk it is Friday November 30th and we are all watching the markets as we
0:40.4	very closely as we all have money exposed or these people listen to
0:44.1	show most of us do have money exposed to the stock market and you know the
0:50.1	Federal Reserve made a comment now Fed Chairman Powell made a comment. Now, Fed Chairman Powell made a comment.
0:54.6	It's possible that the Federal Reserve will reduce the rate of the hikes. In other words, they are told they said they're going to increase. A month ago they said that we're not neutral, we're way below neutral, we're going to keep raising rates into 2019. This week? We're only probably a quarter
1:16.9	point away from being neutral in our interest rates. So we're not going to be, once we do
1:22.4	another quarter point, and they didn't say that but
1:24.5	once they do another court point they would be neutral and there be no reason to raise
1:28.7	rates because they are no longer accommodative in the economy.
1:34.0	So they're neutral, neither sparking growth or holding it back
1:38.8	according to the Federal Reserve.
1:40.9	Now if they slow way down after this next height because the next height is pretty much
1:45.4	built in and expected that's what the market is reacting to. They think that
1:49.8	they're going to do that. I don't know if that's true, not, but that's the hint that's what we're
1:55.4	feeling from the Federal Reserve. I'm Steve Peasley, I thank you for joining me
2:00.1	today and I'm best talk. What is our daily objective here?
	...

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