by Lance Roberts
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| (5/31/23) The Debt Ceiling bill advances to the House, which the CBO deems will cut spending $1.3-B over 10-years (the CBO is never correct). Markets need to take a break; pullback to 50-DMA likely. Sector rotations coming; time to take profits. Corporate earnings are showing improvement, but where do earnings come from? Sales. Why is the economy doing better than expected; what happens when student loan payments return? Fed futures expecting rates up to 5.3%; bond traders disagree. The Debt Ceiling Bill isn't a debt deal: will NOT cut spending. Current debt service requires more revenue than is being received. The impolitic reality of spending cuts: McCarthy only dealing with 15% of budget. Higher debt means slower economic growth. 2% growth required for "escape velocity." 3:09 - Markets Need to Take a Break; Sector Rotation Coming 14:34 - Why is the Economy More Buoyant than Expected? 30:36 - Why Wall St. Analysts are More Bullish (and bond traders are not) 44:30 - Why the Debt Ceiling Bill Won't Really Matter Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- The latest installment of our new feature, Before the Bell | "The NASDAQ Gap is Unsustainable" is here: &list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Our previous show is here: "Markets Continue to Defy the Bears" &list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe -------- Register for our next Candid Coffee: "Breaking Your Money Malaise this Summer:" https://us06web.zoom.us/webinar/register/1116747842950/WN_ht5MHKFTSX2kRo0__-DtLw ------- Articles Mentioned in Today's Show: "Technical Review Of The Market: Bulls In Control" https://realinvestmentadvice.com/technical-review-of-the-market-bulls-in-control/ "CBDC- Navigating Pros and Cons to Ease Apprehensions" https://realinvestmentadvice.com/cbdc-navigating-pros-and-cons-to-ease-apprehensions ------- 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 #DebtCeiling #Inflation #BullMarket #BondTraders #StudentLoanDebt #Markets #Money #Investing |
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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