Landaas & Company Money Talk Podcast

Kyle Tetting, Art Rothschild and John Sandstrom talk about inflation, Interest rates and adjusting investment allocations.

Kyle Tetting, Steve Giles and Tom Pappenfus discuss the week's news, developments and trends affecting long-term investors.

Advisors on This Week's Show Kyle Tetting Dave Sandstrom Kendall Bauer (with Max Hoelzl and Joel Dresang engineered by Jason Scuglik) Week in Review (May 12-16, 2025) Significant Economic Indicators & Reports Monday No major announcements Tuesday Broad inflation slowed in April to its lowest point in more than four years. The Bureau of Labor Statistics reported that its Consumer Price Index rose 2.3% from April 2024, still outpacing the Fed's 2% target but down from a four-decade high of 9.1% in mid-2022. Shelter costs c0ntributed more than half of the month's increase while grocery prices fell the most since mid-2020. Egg prices dropped nearly 13% from March but were 49% more expensive than they were in April 2024. The 2.3% year-to-year inflation rate was the lowest since February 2021. Excluding volatile costs for food and energy, the core CPI rose 2.8% from the same time last year, the same pace as in March. Wednesday No major announcements Thursday Inflation on the wholesale level registered a 2.4% annual increase in April, slowing for the third month in a row. The Producer Price Index was down 0.5% from March, the first decline in 16 months and the most since April 2020. The Bureau of Labor Statistics said the index shrank mostly because of lower prices for services, led by margins for machinery and vehicle wholesaling. The core rate of wholesale inflation, stripping out volatile prices for food, energy and trade services, sank 0.1% for the month and was up 2.9% from April 2024. Retail sales slowed in April, though consumers kept spending, according to a report by the Commerce Department. Advanced sales by retailers and food services rose 0.1% from March. Among 13 major categories, five increased sales from the month before, including bars and restaurants. Sales at supermarkets and liquor stores were unchanged. Car dealers and gas stations were among the outlets where sales declined. Adjusted for inflation, retail sales fell 0.2% in April. Economists follow store signs as an indication of consumer spending, which drives two-thirds of the U.S. economy. The four-week moving average for initial unemployment claims rose for the third week in a row, rising to its highest level since October. The measure of employer willingness to let workers go was 36% below the 58-year average, suggesting a continued tight labor market. According to Labor Department data, total jobless claims fell 3% from the week before to just under 1.9 million applications, which was nearly 6% higher than the year before, The Federal Reserve said its industrial production index was unchanged in April, though 1.5% above where it stood the year before. Lower output from manufacturing and mining was offset by increased production by utilities following an unseasonably warm March. Factories produced 0.4% less than March and were up 1.2% from April 2024. Industry's capacity utilization rate fell marginally to 77.7%, staying below the 52-year average of 79.6%. Seen as an early indicator of inflation, the capacity rate has been safely under the long-range average since late 2022. Friday Housing construction in April stayed in a relatively narrow band that has accompanied higher interest rates since mid-2022. A Commerce Department report on building permits and housing starts showed the indicators on par with levels in early 2007, just before the Great Recession. The number of houses under construction has been declining since late 2023 but remained near the housing boom peak of 2006. Economists have blamed a lack of inventory for years of escalating housing prices. The University of Michigan said consumer sentiment sank slightly from the end of April following four months of sharp declines. Since January, sentiment was down nearly 30%. More consumers spontaneously mentioned tariff uncertainty as reasons for angst for the economy and their personal finances.

Kyle Tetting and Adam Baley discuss Fed plans for interest rates, company reports on earnings and more affecting investors.

Advisors Kyle Tetting, Art Rothschild & John Sandstrom discuss another jumpy week and what it means for long-term investors.

Landaas advisors Kyle Tetting, Dave Sandstrom and Kendall Bauer explain how market developments affect long-term investors.

After another bumpy week, Kyle Tetting, Adam Baley and Mike Hoelzl offer updates and insights for long-term investors.

Kyle Tetting, Steve Giles & Adam Baley offer insight and perspective on a bumpy week for investments, both stocks and bonds.

In a week of blockbuster sell-offs, Kyle Tetting, Rothschild and Kendall Bauer offer investors insight and perspective.

In a special podcast, Adam Baley, Dave Sandstrom and Kyle Tetting offer insights for investors on stock market volatility.

Kyle Tetting, Adam Baley and Dave Sandstrom cover stock market gyrations and other developments hitting long-term investors.

Landaas investment advisors discuss a stock correction, consumer gloom and other developments affecting long-term investors.

Kyle Tetting and Tom Pappenfus talk offer insights on another volatile week in stocks, signs of economic uncertainty.

Landaas advisors Kyle Tetting, Adam Baley and Tom Pappenfus sort out the latest factors affecting long-term investors

Dave Sandstrom, John Sandstrom and Kyle Tetting offer perspectives on the latest developments affecting long-term investors.

Kendall Bauer and Steve Giles join Kyle Tetting to discuss the week's developments and what they mean to investors.

Kyle Tetting, Art Rothschild and Mike Hoelzl discuss the latest news and trends affecting long-term investors.

Advisors on This Week's Show Kyle Tetting Tom Pappenfus Dave Sandstrom (with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik) Week in Review (Jan. 27-31) Significant Economic Indicators & Reports Monday The Commerce Department reported a 4% gain in the annual rate of new home sales in December. Sales were up almost 7% from the year before and just below where they were heading into the COVID-19 pandemic. For perspective, the pace of sales - 698,000 a year – was half the peak rate in mid-2005 and represented about one-seventh of all home sales. The median sales price rose 2% from the year before to $427,000. Tuesday The Commerce Department said durable goods orders declined again in December, the fourth setback in five months, led by commercial aircraft. Compared to the year before, long-lasting factory orders were down 1.5% after shrinking 2.2% for the month. Excluding transportation equipment, orders rose 0.3% and were up 1.4% from the end of 2023. A proxy for business investment gained 0.5% from November and was up 0.6% from December 2023. Housing prices increased again in November, rising 3.8% from the year before, according to the S&P CoreLogic Case-Shiller national index. The gain compared to a 3.6% year-to-year advance in October, marking the first acceleration in nine months.  Since 1988, the average 12-month increase had been 2.7%, although it averaged 5.2% since 2000. Housing costs continued to outpace overall inflation, which reached 2.9% in December, based on the Consumer Price Index. The Conference Board said its consumer confidence index declined in December for the second month in a row, keeping toward the lower end of a sideways range that began in 2022. The business research group said its gauge sank broadly from November, led by a drop in attitudes toward labor conditions. Consumer responses avoided a measure historically tied to impending recession. Economists follow consumer confidence because consumer spending drives 70% of U.S. economic activity. Wednesday No major releases Thursday The U.S. economy grew at an annual pace of 2.3% in the fourth quarter, down from 3.1% in the previous three months. The Bureau of Economic Analysis said the deceleration in gross domestic product was led largely by a drop in business investments. Consumer spending rose at a 4.2% annual rate, the fastest since the first quarter of 2023. Government spending and a decrease in imports also boosted fourth-quarter growth.  Also slowing: Inventories, federal spending and residential spending. Compared to the fourth quarter of 2023 and adjusting for inflation, GDP rose 2.5% in 2024, down from 3.8% the year before. The four-week moving average for initial unemployment claims fell for the fourth time in five weeks. The average was 41% below the all-time average dating back to 1967. The Labor Department said 2.2 million Americans claimed jobless benefits in the latest week, down more than 1% from the week before but 9% higher than the same time in 2023. An early indicator of home sales declined in December after four months of gains. The National Association of Realtors' index of pending home sales dropped 5.5% from November and was down 5% from December 2023. The trade group said more home buyers are using cash, partly offsetting the deterrent of relatively high mortgage rates. At 74.2, the index of pending sales was more than 25% below what the association considers normal sales volume at the current population level. Friday The Bureau of Economic Analysis said consumer spending jumped 0.7% in December, the most since March and outpacing a 0.4% increase in personal income. Consumer spending is the driving force in gross domestic product, so the gain was another sign of economic resilience. The personal consumption expenditures index, which the Federal Reserve Board follows for inflation, rose 2.6% from December 2023,

A look at corporate earnings as the S&P 500 returns to record highs. Kyle Tetting and Adam Baley offer investor insights.

Steve Giles and Dave Sandstrom discuss developments affecting long-term investors. Max Hoelzl shares insights on Bob Uecker.

Kyle Tetting, Art Rothschild and Tom Pappenfus give perspective on a volatile investment week, new economic signals and more.

Tom Pappenfus and Kyle Tetting make note of bullish and bearish signs that investors should watch out for in 2025.

A year-end review and look ahead by investment advisors Kyle Tetting, Art Rothschild and Adam Baley.

Art Rothschild and Adam Baley join Kyle Tetting with insights for investors after a busy week in the markets and the economy.

Tom Pappenfus and Mike Hoelzl join Kyle Tetting to discuss the latest developments affecting long-term investors.

Kyle Tetting, Kendall Bauer and John Sandstrom discuss new economic and financial developments affecting long-term investors.

Landaas investment advisors discuss how investors can explore various tax-advantaged ways to be charitable with their wealth.

Kyle Tetting, Art Rothschild and Steve Giles review a busy week on Wall Street and what it means to long-term investors.

Talk about stocks losing steam, Fed policies, crypto currencies and other developments of interest to long-term investors.

Landaas investment advisors talk about the Fed's latest rate cut and other developments affecting long-term investors.

Kyle Tetting, Adam Baley and John Sandstrom discuss recent economic and financial developments affecting long-term investors.

Kyle Tetting, Dave Sandstrom and Kendall Bauer share insights on the latest developments affecting long-term investors.

Kyle, Art and Mike talk about earnings, seemingly calm markets, patience for AI and more news for long-term investors.

Landaas investment advisors talk about inflation continuing to drift down while stocks keep pushing new highs.

Landaas investment advisors talk about third-quarter progress for stocks, bonds and non-U.S. investments – and expectations.

Investment advisors discuss further gains in stocks, inflation nearing Fed target, China goosing its economy. And more.

Landaas investment advisors talk about an historic rate cut by the Federal Reserve and what it means to long-term investors.

Kyle, Steve and Dave talk about signs of lower inflation and expectations for investors out of the Fed's upcoming meeting.

A trying week on Wall Street, a much-watched jobs report. Investment advisors talk about what matters to long-term investors.

Talk about new inflation estimates, the week on Wall Street and other developments affecting long-term investors.

Advisors Mike Hoelzl and Kendall Bauer join Kyle Tetting to review the latest developments affecting long-term investors.

Landaas investment advisors discuss what new inflation numbers could mean for long-term investors - and other news.

Landaas investment advisors talk about a volatile week for stocks and what it means for long-term investors.

Advisors discuss what new employment numbers suggest for Fed interest rate moves - and why it matters to investors.

Discussions include talk about signs of a weaker (but not weak) economy and how that might play into Fed decisions next week.

Talk about the potential for interest rate cuts, new records on Wall Street and more news affecting long-term investors.

Kyle Tetting, Art Rothschild and Steve Giles discuss midyear strategies for investors to consider.

Kyle Tetting, Adam Baley and Dave Sandstrom discuss geographical considerations of investing.

Kyle Tetting, Art Rothschild and Steve Giles talk about new inflation numbers and more developments affecting investors.

The return of summer trading patterns, concentration risk, beware of cyberattacks and more. The post Money Talk Podcast, Friday June 21, 2024 appeared first on Landaas & Company.

The return of summer trading patterns, concentration risk, beware of cyberattacks and more.