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Empyrion Wealth Management President Kimberly Foss, United Advisors Chief Market Strategist Scott Martin and The Weekly Standard’s Steve Hayes on ef...
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-- time we have -- money power panel here to break it all down we're getting back to Peter in just a second but.
No good well on Capitol Hill as you heard today the never ending fiscal -- finger pointing landing with a thud on the markets stocks hit hard across the board.
Ending the day down -- 120 points -- Obama about to speak as we mentioned that's -- -- looking at a podium can he get a deal done.
That is the big question for today's money power panel Kimberly -- This president has.
Founder with -- -- wealth management we've got Scott Martin cheap markets.
Strategist with the united advisors and Steve Hayes from the weekly standard well you are still at work I mean everybody watching me about the went.
Home we're all here.
I don't know -- what do you make of what happened today.
Yeah I don't know they can't play fair and they can't play nicely this damn box in the and they can go wrong track rethink it and then come back and be willing to work because.
You know life is about not play at plan B and had planned begin working very have a planned planned fear planned.
That these chuckle -- as they were called earlier today by someone else are gonna come together and get something done because now it's starting to feel like.
We should prepare our swan -- get ready to go right over the -- Yeah I chuckle heads must is putting it nicely -- -- and I'd say I'm surprised -- all those very thin trade today is that there was a lot of people participating in the market.
Moves so doesn't surprise me that not everybody sold -- that probably comes next week.
Here's the interesting thing though I mean I'm surprised that kind of were all -- nothing got done and if you go back a year and a half.
These debt ceiling talks the gang of 6 December -- nobody got their work done nobody did the business they were set out to -- This is just another line in what that's been the practice -- in Washington yeah -- Your employer -- -- you shopper working you don't do anything you're supposed to do anything deciding on vacation out of that.
Work I've never actually done I had no idea now now -- -- -- -- make an argument that watches a better place with all these people gone.
They haven't done any good for a long time I mean -- that we might be better off that they're not here.
I would agree with you on that if the spending would only -- -- they were gone -- while they are not there they are still spending two dollars and six cents for every dollar that they take in they are still.
Taking in five billion dollars a day in taxes and somehow spending eleven billion.
So we have a huge problem that's not gonna be solved it seem like any time soon -- does that make you nervous going forward about our economy about stocks that are.
Future.
Yeah I think it made everybody nervous not my client manager -- as investors.
Contests and what really do literally do well there's ninety things in in in life that are certain which is you know death and taxes and we just don't know where they're gonna be so.
I've just tried in my homework first and then it got to plague that's -- my folks struck me Bledsoe like -- And Ukraine have fiscal range from my clients what does that -- that yet.
Sorry what is that included.
Spending yet so so that includes basically eat out assuming that we go out of left stock market goes down.
We're gonna buy on the dips as your heart start gains in paid 15% now that I've -- my go back in the market on Monday are on hat over January 1.
And keeping duration have their bonds very short for inflation keep putting tips and the portfolio and third.
I'm -- at third of their portfolio with a guarantee that that variable annuity bad guaranteed like brighter now for a CD day so that we ensure that security income so my question prepared yeah.
