Oct 31, 2022
(10/31/22) Market action has been a textbook case of achieving
support with no resistance up to 4,100; we're advising selling into
the rally and prepare for a negative market trend into the end of
the year; The Dow is up 14% for the year; it's the best year of
performance since 1938. Watch for the Fed to announce a slowing of
its rate hike pace, but not a pivot. Shrinkflation in Halloween
candy: Prices are up 30% over last year. Consumer Spending is
measured by prices paid, not quantities purchased; a false report.
There's no such thing as "excess savings." 60% of consumers now
living paycheck-to-paycheck. The concept of taxing the rich by
tapping unrealized gains; will they allow the inverse operation:
providing loss write-offs for unrealized losses? How to truly
measure your portfolio's performance, year-over-year vs longer-term
windows of examination. Where is the best place to put money next
year? The best-performing sectors for the past two years typically
become the worst performers; what are the worst-performing sectors
now, before the cycle resets?
SEG-1: A Textbook Re-test of Support
SEG-2: Halloween Shrinkflation, the Flaw in Consumer Spending
Numbers
SEG-3: Tricks for Taxing the Rich: Unrealized Gains
SEG-4: How to Truly Measure Portfolio Performance
Hosted by RIA Advisors Chief Investment Strategist Lance Roberts,
CIO
Produced by Brent Clanton, Executive Producer
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Watch today's show on our YouTube channel:
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Our Latest "Three Minutes on Markets & Money: "Preparing for the
Recession of 2023" is here:
https://www.youtube.com/watch?v=eAg5r3PiBso&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
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Our previous show is here:
"Big Cap Companies Getting Spanked on Poor Earnings"
https://www.youtube.com/watch?v=GEGSAOZZEt4&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2745s
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Articles mentioned in this podcast:
"Economic Stagnation Arrives As “Sugar Rush” Fades"
https://realinvestmentadvice.com/economic-stagnation-arrives-as-sugar-rush-fades/
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