Joe and Kyle steer the ship without Jeff this week, starting off by sharing last week’s market recap. The Dow Jones, the S&P 500, and the NASDAQ were all down last week, with the NASDAQ falling the furthest at 1.87%. All three indexes remain up YTD. Inflation is impacting the market, particularly in the tech sector, and Jerome Powell’s testimony to Congress was not clear on whether this period of inflation will be transitory. The guys also discuss potential wage inflation and getting unemployed workers back into the workforce once extended unemployment benefits run out.
During the second hour of the show, the Money Wise guys focus on investor education. This week’s topic is retiree spending rules. You can tune in for the full discussion 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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