Jeff, Joe, and Kyle kick off this week’s show with a detailed market recap. The Dow was down 1.9% last week, the S&P 500 was down 2.8%, and the NASDAQ was down 3.8%. Year-to-date, the Dow is down 7.0%, the S&P 500 is down 10.4%, and the NASDAQ is down 17.9%. The week started relatively strong with a nice rally on Tuesday, but the remainder of the week was impacted by many of the Fed governors speaking publicly. It’s hard for the market to discount twice on the same piece of news, yet it happened last week based on the clear message that interest rates will increase by half a percent in May. The guys also share some earnings news and a warning about investing in subscriber-based companies.
In the second hour, the Money Wise guys review The Best Investment Advice Ever. Don’t 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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