8-3-2023 – The Nation’s Biggest Banks Are Gearing Up for More Consumer Struggles Ahead
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 August 2023
⏱️ 47 minutes
🧾️ Download transcript
Summary
Any downturn could be exacerbated by the pressure investors have put on companies to keep prices high and cut costs to replicate the abnormally large profit-margin gains of 2021 and 2022.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:09.1 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.3 | and share their unbiased answers. |
| 0:18.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.4 | clients throughout the United States. |
| 0:26.2 | The clarity for your path forward starts now. |
| 0:30.6 | Here is KPP Chief Executive Officer, Financial Advisor Justin Klein. |
| 0:38.4 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:42.7 | This is our Thursday, August 3rd, 2023 edition and we are well into the second month of |
| 0:49.8 | the third quarter. |
| 0:51.3 | Summer is moving along fast and there's a lot of news. |
| 0:55.2 | Well, pretty much every day now, especially during the earnings season, a lot of market |
| 0:59.4 | gyrations, some companies moving up strongly, others moving the other way. |
| 1:05.6 | But those little gyrations can be a distraction, can be a distraction to your overall strategy |
| 1:14.0 | and understanding exactly what's happening in the market. |
| 1:18.8 | And that's what we are here to help you with. |
| 1:21.7 | This is to inform you, give you data and perspective, developed with more than 20 plus years |
| 1:28.1 | investment experience and to help you up eliminate the counterproductive habits that hold so |
| 1:35.1 | many people back from really maximizing their capital. |
| 1:43.2 | And we have a lot of topics today to discuss that and shed light on the ways that are |
| 1:51.4 | the pitfalls that many fall into. |
| 1:55.0 | And I love those, protecting your capital is just as important as growing your capital. |
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