9 min listen
Congress Kicks the Can Down the Road (again) 10/2/23
Congress Kicks the Can Down the Road (again) 10/2/23
ratings:
Length:
46 minutes
Released:
Oct 2, 2023
Format:
Podcast episode
Description
(10/2/23) Free the Pumpkins, it's October 2nd! Student Loan payments resume, and markets prepare for another earnings season. Expectations have declined, and markets are setting up for a technical rally into 2024. Market futures are flat following the aversion of government shutdown with (another) continued resolution. Why CR's are not good for the economy; mandatory spending explained (it's 2% of GDP). Mandatory Spending = 113% of revenue collected: More debt required each time. There's no good reason/excuse for operating without a budget. A history of government shutdowns & why a long government shut down might not be a bad thing. The issues of "direness" is for media's benefit. Lance's liberal cousin, Duane, comes to call: Utah, Beer, & BBQ; The Roberts' rental home; Target leaving New York City; Black Rifle Coffee Company: Duane goes to TSA "Special Line." Market Preview: 1st day of the new quarter; market volatility no surprise; end-of-year dynamics & Santa Claus rallies; is the Fed done? (Yes, but not saying so). Interest rates remain key conundrum for markets. SEG-1: Earnings Expectations Decline as Reporting Season Begins SEG-2: Crisis Averted? Mandatory Spending = 113% of Revenue SEG-3: A Visit from Lance's Liberal Cousin, Duane SEG-4: End-of-Year Dynamics & Santa Claus Rallies 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=laCyaMLhV0o&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=9s -------- The latest installment of our new feature, Before the Bell, "Setting up for a Year-end Rally" is here: https://www.youtube.com/watch?v=Fxss0c0xcxw&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "The Flaws in Secure Act 2.0" https://www.youtube.com/watch?v=jEK1LnhPYQM&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- 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 #CongressionalSpending #GovernmentShutdown #EarningsSeason #LoweredExpectations #BlackRifleCoffee #Markets #Money #Investing
Released:
Oct 2, 2023
Format:
Podcast episode
Titles in the series (100)
Lance With Keith Klein On Holiday Eating 10 - 30 - 17: Lance talks with Keith Klein with the Institute f… by The Real Investment Show Podcast