How to Invest During Stagflation: What Rising Manufacturing Costs Mean for Your Portfolio
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 6 May 2026
⏱️ 44 minutes
🧾️ Download transcript
Summary
US manufacturing input costs hit their highest level in four years in April, even as the sector broadly held steady—a classic precursor to stagflation where costs rise faster than growth. For investors, stagflation is one of the most difficult macro environments to navigate, and understanding it now could be the most important financial move you make this year.
Today's Stocks & Topics: Pacer US Cash Cows 100 ETF (COWZ), Markt Wrap, Space X IPO, Fiserv, Inc. (FISV), Terex Corporation (TEX), How to Invest During Stagflation: What Rising Manufacturing Costs Mean for Your Portfolio, E.L.F. Beauty, Inc. (ELF), Shopify Inc. (SHOP), Abercrombie & Fitch Co. (ANF), Customers Bancorp, Inc. (CUBI), How Companies Survive Without Profits, Q1 GDP Growth Rate.
Our Sponsors:
* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com
* Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me
* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai
* Check out Progressive: https://www.progressive.com
* Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com
* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com
* Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com
* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.com
Advertising Inquiries: https://redcircle.com/brands
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. Incependent Thinking, shared success. |
| 0:17.7 | InvestTalk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.3 | Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:36.5 | Good afternoon, fellow investors, and welcome back to another edition of Investock. |
| 0:43.5 | Happy Cinco de Mayo to everyone out there. |
| 0:48.1 | Now there are certain moving parts in today's market and financial news And we are here to unpack them all for you. |
| 0:58.5 | A lot to discuss, a lot of pitfalls, a lot of opportunities, a very different market than |
| 1:02.8 | people are used to, which means you have to shift your mindset so that you can be successful. |
| 1:10.6 | Not about chasing the headlines. It's not about chasing the headlines. |
| 1:14.0 | It's not about chasing the sexiest names in the market. |
| 1:18.7 | It's about the reality on the ground. |
| 1:22.6 | The reality is we are in a bit of a crackup boom. |
| 1:26.8 | inflation is accelerating and that is the antithesis typically of a bare market in equities. |
| 1:32.6 | Why? |
| 1:32.9 | Because earnings are not priced in real terms. |
| 1:37.5 | They're priced nominally. |
| 1:39.7 | So all that inflation, all those higher prices, it feels bad for you, the consumer, but it typically |
| 1:48.8 | is pretty good for earnings. |
| 1:51.1 | And you've seen that with the latest earnings season and guidance going forward. |
| 1:57.8 | So these are examples of things that we will discuss on today's show and moving forward. |
| 2:05.5 | The show isn't about narratives. |
| 2:08.4 | The show isn't about being Kramer, banging bells and whistles and having crazy graphics. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.