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Motley Fool Hidden Gems Investing

Mastering the Market Cycle

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 5 October 2018

⏱️ 41 minutes

🧾️ Download transcript

Summary

Unemployment hits a 49-year low. Tech giants may have been hacked by China. Elon Musk’s tweeting sends Tesla shares lower. Costco struggles with “material weakness”. And Tronc decides to change its name back to Tribune Publishing. Ron Gross, Matt Argersinger, and Aaron Bush analyze those stories, discuss the latest news from Barnes & Noble and Tencent Holdings, and share some stocks on their radar. Plus, legendary investor Howard Marks talks about his new book Mastering the Market Cycle: Getting the Odds on Your Side. Thanks to Slack for supporting The Motley Fool. Slack: Where work happens. Go to Slack.com to learn more.       Thanks Netsuite. Get the FREE guide, “Crushing the Five Barriers to Growth”, at www.NetSuite.com/Fool Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode of Motley Full Money is brought to you by Slack.

0:02.8

Slack is a collaboration hub for work that makes sure the right people in your team are always in the loop.

0:08.7

And key information is always at their fingertips.

0:11.6

Learn more at Slack.com.

0:14.2

Thanks also to NetSuite by Oracle, the business management software that handles every aspect of your business

0:20.6

and an easy-to-use cloud platform.

0:23.0

Get the free guide crushing the five barriers to growth at NetSuite.com slash full.

0:30.0

Everybody needs money. That's why they call it money.

0:38.0

From full global headquarters, this is Motley Full Money.

0:48.8

It's the Motley Full Money radio show. I'm Chris Hill and joining me in studio this week.

0:52.0

Senior analyst Aaron Bush, Matt Argusinger and Ron Gross. Good to see you as always gentlemen.

0:56.8

We've got the latest headlines from Wall Street, legendary investor Howard Marx is our guest and as always we'll give you an inside look at the stocks on our radar.

1:04.8

But we begin with the big macro, the jobs report for September put America's unemployment rate at 3.7%.

1:11.8

The lowest it has been since 1969. Wages continue to tick up and something we don't talk about that often run.

1:19.8

10-year treasury bonds hitting a seven-year high.

1:22.8

Should we say it? Should we give them a firing on all cylinders for the economy?

1:26.8

I think it's pretty impressive. 4.2% GDP.

1:31.8

As you said, lowest unemployment since 1969. We have the S&P 500 up 8.5% as a result.

1:38.8

That's not including dividends. You add on those. You've got a 10% year. All things being equal.

1:43.8

Now, not everything is always rosy because there's two sides to every story and you worry about inflation when things are so good.

1:49.8

Inflation is at about 2.7% now. A little bit higher than the Fed's target of 2%.

1:54.8

But that's actually being rethought because perhaps it's kind of an arbitrary number and maybe it is a bit too low.

...

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