Are We Heading for 7% Interest?

(9/27/23) Is Costco's quarterly earnings report is cause for alarm? Consumer Confidence may be waning; Pessimism is returning as an early sign of economic slowdown. The past 8-sessions have been brutal, but within the "normal" range of an expected 5- to 10% correction. Market is up 11% for the year, driven by 7-stocks; without those stocks, markets are flat. Jamie Dimon's claim for 7% interest is foolish, but he is correct in that the world isn't ready for 7% rates. Higher interest rates increase the risk for financial failures. Inflation, Deflation, Stagflation: Impact of oil prices, energy prices on economy. What happens when consumers absorb price increases: Prices never go back down. This is not like the '70's. Focus on the market drivers and ignore the headlines. Bank of America survey: 70% expect a soft landing without recession in 2024; 20% expect no recession (so recession will probably occur!) The 7 Deadly Sins of End-of-Year Financial Planning include sand-bagging returns, missing RMD's, Gift Tax Exclusions, and Tax Loss Harvesting. Jeff Gundlach's 7% Returns: Beware private bond offerings. Re-defining "Balanced" Allocation; utilizing the Permanent Portfolio Theory.

2:45 - Early Signs of Economic Slowdown
14:14 - Jamie Dimon's Foolishness
30:09 - 7 Deadly Sins of Year-End Financial Planning
44:02 - Redefining "Balanced" Allocations

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Danny Ratliff, CFP
Produced by Brent Clanton, Executive Producer
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The latest installment of our new feature, Before the Bell, "Are Markets Set for Reflexive Rally?" is here:
https://www.youtube.com/watch?v=ms8tSZWck6U&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Are Compound Market Returns a Myth?"
https://www.youtube.com/watch?v=rYYLdjRRcn0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=10s
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Articles Mentioned in this Show:
"That 70s Show"
https://realinvestmentadvice.com/that-70s-show/
"Economic Data Points Diverge"
https://realinvestmentadvice.com/economic-data-points-diverge/
"Compound Market Returns Are A Myth?"
https://realinvestmentadvice.com/compound-market-returns-are-a-myth/
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