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Congress Kicks the Can Down the Road (again)

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Congress Kicks the Can Down the Road (again)

Video by The Real Investment Show via YouTube
Congress Kicks the Can Down the Road (again)

(10/2/23) Free the Pumpkins, it’s October 2nd! Student Loan payments resume, and markets prepare for another earnings season. Expectations have declined, and markets are setting up for a technical rally into 2024. Market futures are flat following the aversion of government shutdown with (another) continued resolution. Why CR’s are not good for the economy; mandatory spending explained (it’s 2% of GDP). Mandatory Spending = 113% of revenue collected: More debt required each time. There’s no good reason/excuse for operating without a budget. A history of government shutdowns & why a long government shut down might not be a bad thing. The issues of "direness" is for media’s benefit. Lance’s liberal cousin, Duane, comes to call: Utah, Beer, & BBQ; The Roberts’ rental home; Target leaving New York City; Black Rifle Coffee Company: Duane goes to TSA "Special Line." Market Preview: 1st day of the new quarter; market volatility no surprise; end-of-year dynamics & Santa Claus rallies; is the Fed done? (Yes, but not saying so). Interest rates remain key conundrum for markets.

2:56 – Earnings Expectations Decline as Reporting Season Begins
14:19 – Crisis Averted? Mandatory Spending = 113% of Revenue
30:07 – A Visit from Lance’s Liberal Cousin, Duane
44:15 – Black Rifle Coffee Co & The Special Line at TSA
46:59 – End-of-Year Dynamics & Santa Claus Rallies

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, "Setting up for a Year-end Rally" is here:

Our previous show is here: "The Flaws in Secure Act 2.0"

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