Ep. 557: Tax Reform's Winners and Losers

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 4 October 2017

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s show I’m joined by the biggest bear I know on Wall Street – Richard Suttmeier. Rich has been analyzing stocks for over 40 years. He's currently the founder and CEO of Global Market Consultants. He's also a weekly contributor to Forbes and TheStreet.com. Richard is an expert at analyzing what he calls "the balance sheet of the U.S. economy," otherwise known as the FDIC Banking Profile. Using this hard data, which most investors tend to overlook, Rich gives us his economic forecast… More specifically, he dives into the recently released U.S. home sales data… and why the housing market may be due for a correction within the next 6 to 12 months. For today's Educational Segment [46:45], get your pens ready... We're going to talk about what President Trump's tax reform means for you. And I'll be sharing the names and symbols of at least 30 stocks in this "winners and losers" discussion.

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.0	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.7	right to you on Main Street.
0:16.0	How is it going out there? It's Wednesday, October 4th.
0:18.0	Now, Frank Curz, you host to the Wall Street Unplug pockets,
0:21.0	why I break down the headlines.
0:22.0	End. Wall Street on plug pockets where I break down the headlines and tell you what's really moving
0:27.4	these markets.
0:28.4	Man it's crazy what's going on in the country right now.
0:35.0	We have over 500 people hurt close to 60 people dead after a 64 year old man opened fired on people who attended a country music festival in Las Vegas.
0:48.0	The deadliest mass shooting in modern US history.
0:51.4	I'm sure you read that headline a lot everywhere all over the media.
0:55.0	Officials said they found 18 guns, a bunch of explosive, thousands of rounds,
1:00.0	thousands of rounds of ammunition at the shooter's house.
1:04.4	And they also found 10 rifles in his hotel room that had scopes on them.
1:08.3	This is in Mandalay Bay, where he shot from, it was like a 32nd floor shooting into a crowd of people.
1:15.0	And the shooter ended up killing himself.
1:20.3	But imagine for just a minute being at that music festival.
1:24.0	Relaxing and joy in life what you're supposed to do, right?
1:27.0	You're forgetting about everything, listening to your favorite music.
1:31.0	Some guy just opened fires.
1:36.0	Just start shooting automatic weapon into the crowd for 15 minutes.
	...

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