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Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 13 September 2022
⏱️ 26 minutes
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| 0:00.0 | If you're a long-term investor, today was a good day to go shopping. |
| 0:09.6 | Motley Fool Money starts now. |
| 0:11.6 | I'm Chris Hill joining me today, Motley Fool's Senior Endless to Osso Charmond. |
| 0:24.0 | Thanks for being here. |
| 0:25.0 | Chris, thanks as always for having me. |
| 0:28.1 | So this is one of those days, isn't it? |
| 0:32.2 | This is one of those days with the market. |
| 0:34.5 | Consumer Price Index rose 0.1% in August, month over month increase compared to July. |
| 0:43.2 | And that 0.1% increase, Asa, has sent stocks as a group straight down. |
| 0:50.8 | As you and I are speaking, the Dow Jones industrial average is down nearly 3%. |
| 0:56.6 | The S&P 500 is down 3% and the NASDAQ is down just more than 4%. |
| 1:05.2 | Where do you want to start? |
| 1:07.3 | This is all because the Fed is meeting next week, September 20th and 21st. |
| 1:14.8 | And the powers that be on Wall Street are expecting, not incorrectly. |
| 1:19.6 | They're expecting a third consecutive rate hike of 75 basis points. |
| 1:25.2 | Yes. |
| 1:26.2 | Chris, first of all, looks the power of small fractions, as you note, right? |
| 1:32.0 | If you look at the big picture, nothing much has changed since the hot readings of the |
| 1:36.9 | summer. |
| 1:38.1 | Just a marginal sequential bump, I mean, really small. |
| 1:42.7 | But this reminds me of an old dire straight sluric from the song Espresso Love. |
| 1:48.4 | At the end of this song, the narrator is talking to, in those days, I know what they call |
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