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Markets Cleared Resistance

(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.

3:10 - The Short-term Economic Impact of Hurricane Idalia
14:41 - What Do You Want to Be When You Grow Up?
30:18 - Economic Report Preview: Old Cars, Old Guys, & Retirement
44:22 - 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
The latest installment of our new feature, Before the Bell, "Markets are Hopeful as Data Declines" is here:
Our previous show is here: "The "Do Whatever it Takes" Economy"
Articles mentioned in this report:
"10 Best Days – A Meme For Every Bull Market"
"Deficit Surge Will Lead To Lower Rates, Not Higher"
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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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