A Short Covering Rally, Lower Unemployment & Retiree Spending Rules

Jeff, Joe, and Kyle are back in the studio after a week where we eeked out some gains due to strong Monday and Tuesday buying. The Dow was up 2% on the week, the S&P 500 was up 1.5%, and the NASDAQ was up 0.7%. All three remain down YTD. Above-average buying on Monday and Tuesday led to a week of gains, despite down days later in the week. The Money Wise guys explain why they consider it a short covering rally, and why it was promptly followed by a three-day decline punctuated by remarks from the Fed. They also discuss how the markets reacted to September’s unemployment numbers.

In the second hour, the Money Wise guys share the Retiree Spending Rules you should follow. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

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