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InvestTalk

Global Economy 2024: Stabilization Amidst Challenges

InvestTalk

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

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

4.41.5K Ratings

🗓️ 2 October 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

The latest outlook from the World Economic Forum sees a stabilizing global economy with significant vulnerabilities due to high public debt levels that threaten economic stability. 

Today's Stocks & Topics: TPC - Tutor Perini Corp., Market Wrap, Transfer Regular I-R-A to Roth I-R-A, NVO - Novo Nordisk A/S ADR, Global Economy 2024: Stabilization Amidst Challenges, COR - Cencora Inc., BRO - Brown & Brown Inc., WTW - Willis Towers Watson PLC, China’s Economy, GOLD - Barrick Gold Corp., CDs, HUM - Humana Inc., MMM - 3M Co.



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Transcript

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0:00.0

On radio, on YouTube, streaming live on Invest Talk.

0:05.0

And for our podcast subscribers, this is Invest Talk,

0:12.0

Invest Talk. Independent thinking shared success.

0:17.0

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

0:27.0

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

0:36.0

Good afternoon fellow investors and welcome back to Invest Talk.

0:40.3

This is our Tuesday.

0:41.7

October 1st, 2024 edition, and that means we are officially in to the fourth quarter,

0:48.8

three quarters behind us, just one more to go.

0:52.2

We are down the final stretch of the year and it was a

0:56.4

interesting first three quarters and an even more interesting start to this

1:01.0

quarter with obviously more geopolitical tensions ramping up in the Middle East

1:06.2

and that's had some ramifications for the market as a whole and we also head into election season just a you know a handful of weeks away and that is going to be top of mind for a lot of people

1:21.6

especially markets participants who will handicap the

1:26.9

eventual outcome and the policies that not just that are discussed because a lot of candidates say certain things on the

1:35.6

campaign trail but you have to remember that the vast majority of those things don't go through. They aren't put in place. And if they are, it's a largely

1:47.2

watered-down version of what they speak about, mainly because the president is

1:52.4

one person and it's one branch of government and there are

1:56.1

others mainly Congress that will help decide most of those details so know, a lot of times you have to take what the candidates say with a grain of salt because the main question for you and other investors is, you know, what is likely to come to pass as opposed to what is just said, you know, talk is cheap, right? And so as we go down this final stretch,

2:25.9

make sure you understand that. In addition, you know, like I said, the Middle East is

2:30.8

ramping up and I don't think it's a good thing for anybody and we will see what type of

2:38.6

reverberations that has in markets and certainly had that today and we will discuss that in a little bit.

...

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