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11-4-24 The Presidential Election Cometh

It's 2024 Election-eve: Hedge funds are long on a presumed outcome; watch for a pick up in volatility. The Fed meets on the day after the election; there are still about 100 S&P Companies left to report. Reference Lance's weekend article on buy backs, Wolf in Sheep's Clothing: Apple spent $100-B on stock buy backs, when they could have purchased Intel for $99-B and produced their own chips. But, no. investors should do nothing on this day before the election; any move you make could be wrong. RIP Quincy Jones & Peanuts the Squirrel; Earnings Season Beat Rates are still elevated 80% (w charts). Roughly 10% of earnings are manufactured, and these are boosted by buy backs. Jerome Powell commentary this week will depend upon election outcome; he doesn't know yet. Lance' discussion on interest rates and debt overhang: Remember the Fed's job is to protect the banks. Lending money into existence is how economy works. Interest Rates are like a virus. Expectations are for a .25-bp rate cut. The IRS is raising the 401k max contribution ceiling by $500 to $23,500 for 2025. How "later" shows up tomorrow. Saving is a discipline.

4:11 - Markets on Standstill
14:52 - Earnings Season Beat Rates Still Elevated
30:21 - Interest Rates Are Like a Virus
44:29 - 401k Ceilings & the Discipline of Saving Money

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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Articles mentioned in this report:
"10 Smart Money Moves to Make Right Now"
https://realinvestmentadvice.com/10-smart-money-moves-to-make-right-now/
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The latest installment of our new feature, Before the Bell, "Don't Do Anything Today" is here:
&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Ten Money Smart Things To Do Before Year's End"
https://www.youtube.com/watch?v=-GA2ZIzl8ws&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1900s
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#Election2024 #MarketVolatility #InvestmentStrategy #ElectionImpact #PortfolioPreparation #FederalReserve #JeromePowell #InterestRates #EarningsSeason #EarningsBeatRate #401kCeiling #SavingsDiscipline #InvestingAdvice #Money #Investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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