About this episode
(10/30/23) Pre-Halloween & Candy Inflation, Pre-Fed Meeting; SoFi Banjk tightening lending restrictions; forecasts for negative Q4 growth; small businesses now having difficulty getting cash/loans. Markets took out support at 200-DMA; look for a reflexive rally, likely following this week's Fed meeting. Texas' Seasons & Mrs. Roberts' blankets; earnings season, Microsoft vs Google: Companies being penalized for slightest flaws; stock have been priced for perfection. Businesses can no longer pass along input costs, reducing margins; will consumer's slow spending? Banks tightening credit, beginning the downward spiral from effects of 11 rate hikes. The fiscal feedback loop; companies are starting to see the effects of higher interest rates on consumers. There is false security in this round of quarterly reporting: Companies are banking on no recession; always "great" economic data just before recession; did not know it until months after recession; (What is 'economic activity/GDP?') Paying more in interest rates detracts from consumer spending; consumer debt is worsening. Is it any coincidence the next FOMC meeting commences on Halloween? Will it be Trick or Treat from Jerome Powell? Is the Fed always wrong? Transitory inflation higher for longer? Crddit Card rates are +4% since 2022. The effective Fed rate is not +6%. A resilient economy threatens work to reduce inflation; why the Fed wants higher rates to cool spending and economic growth. This will also slow earnings growth. SEG-1: Forecasting Negative Q4 Growth? SEG-2: Will the Consumer Slow Down? SEG-3: The False Security in Q3 Reports SEG-4: Trick or Treat from Jerome Powell? Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=XkelCMkbVOc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s -------- The latest installment of our new feature, Before the Bell, "Over-sold Markets are Under Pressure" is here: https://www.youtube.com/watch?v=eLg0zUIQNxo&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Reaching Your Hurdle Rate" https://www.youtube.com/watch?v=UBDVtnTDAbI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #MarketCorrection #FederalReserve #Recession #InterestRates #ConsumerSpending #EconomicData #Markets #Money #Investing