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InvestTalk

America's Economic Paradox: Wealthy Spending Surge Meets Rising Credit Card Debt

InvestTalk

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

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

4.31.5K Ratings

🗓️ 4 March 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

U.S. economic growth is fueled by consumer spending with the top 10% of earners contributing to nearly half of those expenditures. 

 

Today's Stocks & Topics: VLO - Valero Energy Corp., Market Wrap, America's Economic Paradox: Wealthy Spending Surge Meets Rising Credit Card Debt, 401k Rollover, BKE - Buckle Inc., PLTR - Palantir Technologies Inc., Economic Analysts: Price Targets, Developed Markets ETFs, PRU - Prudential Financial Inc., Treasury Inflation Protected Securities (TIPS).



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Transcript

Click on a timestamp to play from that location

0:00.0

On radio, on YouTube, streaming live on invest talk.com, and for our podcast subscribers, this is InvestTalk.

0:12.9

Independent thinking, shared success.

0:18.0

Invest talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States.

0:27.4

Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein.

0:35.0

Good afternoon, fellow investors, and welcome back to Invest Talk. This is our Monday, March 3rd,

0:42.6

2025 edition of InvestTalk. Yes, the first trading day of March was quite the doozy and we'll dig

0:51.0

into the details a little bit later. But but as usual this show is here to help you

0:57.7

become a better investor to now help you navigate these complex times and seek out opportunities

1:05.7

and avoid the pitfalls and more and more as each year passes more pitfalls present themselves

1:14.7

and our goal is to keep you your eyes wide open and abreast of the risk and

1:22.0

rewards that are out there in markets and help distill reality and the facts on the ground versus hyperbole and headlines that

1:33.4

don't mean much okay so that's what this hour will be dedicated to which is answering your

1:40.7

finance and investment questions and helping you take that next step in your own journey

1:45.5

to financial freedom now in just a bit we'll talk about today's market performance and run down

1:51.4

the show topics but as usual we'll tackle this caller question first yeah hey luke hey just

1:57.4

yeah i'm just calling and find out about valero. I've held it for a while, and I'm wondering if I should sell it and take profits. I've had it for about four years. Thanks a lot for all you do. You have a great show, and I appreciate all the help you just give us. Okay.

2:14.8

Appreciate your help. Thank you very much. Bye.

2:17.4

No problem. Thanks for the help. Thank you very much. Bye. No problem.

2:18.3

Thanks for the call looking at Valero Energy.

2:22.2

And this is one of the largest refineries in the country, $40 billion market cap.

2:28.7

They do about $30 billion in sales every single quarter.

2:32.7

But their profits are waning they made

...

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