(8/30/23) There will be some short-term economic benefit from the landfall of Hurricane Idalia in Florida--a momentary boost from damage repairs spending. Economic data has been coming in better-than-expected (because estimates had been lowered); bad news is good news again, in hopes the Fed will lower rates. Markets on Tuesday cleared resistance at the 20- and 50-DMA's; mid- and small-company bankruptcies are on the rise as lag effect of higher interest rates sets in. A recent survey reveals 25% of young respondents' life goals are to be a "social media influencer." What would you do with a financial windfall? Economic report preview; there's been no gain in the market ex- the 7 stocks driving activity. Bankruptcies are on the rise in smaller companies; there are 10 prescription drugs up for price negotiation with Medicare. Look for hidden details in the Inflation Reduction Act (like a disable switch for EV's!) Old Cars, Old Guys, and Retirement. 8 things you need to know about Estate Planning, including how to divvy-up the assets, two kinds of accounts, life insurance, and long term care.
SEG-1: The Short-term Economic Impact of Hurricane Idalia
SEG-2: What Do You Want to Be When You Grow Up?
SEG-3: Economic Report Preview: Old Cars, Old Guys, & Retirement
SEG-4: 8 Things You Need to Know About Estate Planning
Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, Senior Financial Advisor Danny Ratliff, CFP
Produced by Brent Clanton, Executive Producer
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Watch today's show on our YouTube channel:
https://www.youtube.com/watch?v=f1UKs7gc6TE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=18s
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The latest installment of our new feature, Before the Bell, "Markets are Hopeful as Data Declines" is here:
https://www.youtube.com/watch?v=Z1ozy4sE7LA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "The "Do Whatever it Takes" Economy"
https://www.youtube.com/watch?v=FvIarQfZHOI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
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Articles mentioned in this report:
"10 Best Days – A Meme For Every Bull Market"
https://realinvestmentadvice.com/10-best-days-a-meme-for-every-bull-market/
"Deficit Surge Will Lead To Lower Rates, Not Higher"
https://realinvestmentadvice.com/deficit-surge-will-lead-to-lower-rates-not-higher/
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