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InvestTalk

12-11-19: U.S. Helped China Build Its Economy For Decades

InvestTalk

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

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

4.41.5K Ratings

🗓️ 12 December 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

During a time of trade war tensions, China reportedly wants the U.S. to 'step back' so Beijing can rise in power on the world stage.

 

Today's Stocks & Topics: O - Realty Income Corp., Warrant vs. Common Stocks, 401k and I-R-As, SMG - Scotts Miracle-Gro Co., Inflation, Mistakes on Retirement Goals.

 

TRIVIA QUESTION: The S&P 500 is on pace for its best year since 2013. As we go to break, here is my very current trivia question:

"How did S&P 500 sectors perform in 2019-- and which sectors showed the least.... and the greatest growth?"

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Transcript

Click on a timestamp to play from that location

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 Wednesday December 11th

0:25.8

2019 and I'm looking at the calendar and I can see Christmas is just a couple

0:31.0

weeks away.

0:32.6

And then of course that means a New Year's Day,

0:35.0

to 2020 is only three weeks from today.

0:38.4

New Year's Day, so we'll be in 2020.

0:41.6

I can't believe that. Well, we've all been watching the news as we do every day and

0:46.3

it's always interesting. Some days more interesting than others. Today we had some kind,

0:51.8

you know, we had the Fed meeting and it was you know probably no one even

0:55.2

knows that we had it it wasn't really well advertised to our broadcasts and news

1:00.3

media didn't really care about it financial news media didn't really care about it. Financial news media didn't really.

1:03.2

That's because everybody expected the Fed to do nothing and is that's exactly what they

1:06.7

did. Nothing. They didn't raise or lower the interest rates and Powell actually

1:12.2

said that they probably are not going to do anything with his

1:16.4

rates for a while. So that's what he said. We'll see if that comes comes true I have a feeling they might lower the

1:24.3

rates one more time next year early next year that's my prediction one of the reasons

1:30.1

one other reasons I'm predicting that is that in the new year, remember there's 12 members of the

1:36.9

Federal Reserve representing the 12 districts in the United States.

1:41.4

They split up the United States in 12 districts. Nine of those

...

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