October 17, 2017: No Free Lunch

Today we discussed the Democrats debate and the Walmart swoon and tied them together. The bottom line, is that there is no free lunch. Until wealth (not money) is created, there will be no real growth and no sustainable increase in wages. We talked a little about the Fed (still don’t see a rate increase before 2017), latest GDP Now forecast (.9%), drops in exports, rise in imports and inventories, and what it all means for the economy going forward. We also did a little political speculation. If Hillary is not indicted, the right will go nuts, ditto for the left if she does. There is no more trust in our institutions (outside of the military), people on both sides just cheer when their side “wins”. This is not healthy for the country.

After the debate on 10/13:   HRC cannot be beaten in the primaries. The others are simply too weak and there is now no opening for Biden or Warren. That said, if she is indicted, she will be taken out at the convention, if not before. If that happens, my money is still on Warren.

The market is in an interesting place. It has taken out 1960 and 1980 to the upside on the S&P. It is struggling with 2000. Watch for a move above 2020 for more upside, otherwise gravity will likely take over and we will probably see the 1800’s again.

Bad news is once again good news, but there is likely a lot of bad news to come, maybe too much to still be good news. I am going to be doing a special one day class on my Market Forecast for the rest of 2015 and the first half of 2016. If you would like free tickets, call 84-48-Income (844.846.2663) and tell them that you read about the class on the Next Week In Stocks website. Hope to see you there!

If you would like to submit a question to the show, or to give us feedback, please send an email to:  phoenix@tradingacademy.com. Also, check out our sister show, “The Right Side Of The Trade” on the following stations:

◾Money Radio 1510 and 99.3: Thursday’s and Saturday’s at noon

◾1100 KFNX: Sunday’s and Tuesday’s at noon

Of course, you can always find “Next Week In Stocks” on:

◾550 KFYI: Saturday at 1pm and Sunday at 4am

Comments

  1. It’s sad to say but you are right about losing trust in all our government institutions from the Congress to the Courts. Trust in the thin blue line during this admin has nose dived.With the military being the only one holding on. But I think the Bowe Bergal decision could change that. Along with the F.B.I investigation on HRC could further erode what Americans think of our last two trusted government agencies. Between the cronyism, debt, and political corruption i.e.(IRS, ACA) sad to say we have turned into a banana republic. I am 60 years old and never felt so pessimistic about the trajectory of our nation…… God help America. Love your broadcast….should go national.

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