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Motley Fool Hidden Gems Investing

What's On Your Watchlist?

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 13 September 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

If you're a long-term investor, today was a good day to go shopping. (0:21) Asit Sharma discusses: - Stocks, across the board, falling in response to the Consumer Price Index data for August - Jay Powell, and the increasing likelihood of a third consecutive rate hike of 0.75% - The importance of having a watchlist of stocks - Buying great businesses at lower prices (11:10) Tim Beyers joins Alison Southwick and Robert Brokamp to discuss the various businesses "tech stocks" actually consist of. Stocks mentioned: SPY, QQQ, AMZN, DIS, GOOG, GOOGL, JNJ, NVDA Host: Chris Hill Guests: Asit Sharma, Alison Southwick, Tim Beyers, Robert Brokamp Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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