Landaas & Company Money Talk Podcast

Kyle Tetting, Tom Pappenfus and Mike Hoelzl make sense of the week's financial news and implications for long-term investors.

Talk about no movement but moves at the Fed, the week on Wall Street and other developments' impacts on long-term investors.

Kyle Tetting, Dave Sandstrom and Mike Hoelzl talk about a bumpy week for stocks and what's important for long-term investors.

Kyle Tetting, Adam Baley and Kendall Bauer provide insights into the latest developments affecting long-term investors.

Advisors Kyle Tetting, Art Rothschild & Mike Hoelzl discuss a new labor report and other news affecting long-term investors.

Landaas investment advisors Kyle Tetting, Kendall Bauer and John Sandstrom highlight 2025 developments impacting investments.

Kyle Tetting, Adam Baley and Dave Sandstrom talk about what long-time investors should consider planning for in 2026.

Advisors on This Week's Show Kyle Tetting Adam Baley Dave Sandstrom (with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik) Week in Review (Dec. 15-19, 2025) Significant Economic Indicators & Reports Monday No major announcements Tuesday Employers continued to add jobs in November amid signs of a weakening labor market, including the highest unemployment rate in four years. The shutdown-delayed employment report from the Bureau of Labor Statistics showed 64,000 more jobs in November after a 105,000-job decline in October, the third drop in five months. Federal jobs led the October fall as total employment stayed flat since April. Temporary help — considered a harbinger of hiring trends — reached its lowest level outside of the pandemic since 2012, amid recovery from the Great Recession. Because of the 43-day government shutdown, household data was not collected in October and had a higher margin of error in November. That data raised the seasonally adjusted unemployment rate rose to 4.6% in November, the highest since September 2021. The Commerce Department reported no change in retail sales in October. Eight of 13 major categories had higher sales. Decliners were led by car dealers, home-and-garden centers and bars and restaurants. Sales fell at gas stations because of lower prices. Excluding volatile car and gas sales, retailers generated 0.5 % more revenue than in September. About two-thirds of U.S. economic activity is driven by consumer spending, a majority of which is reflected in retail sales. Wednesday No major announcements Thursday The broadest measure of inflation showed a 2.7% annual pace in November. Because of the shutdown, the Bureau of Labor Statistics skipped its October report, the first miss  since 1948, but showed a lower Consumer Price Index increase for the first time since April, when the year-to-year rate was 2.3%. Inflation stayed above the long-range Federal Reserve target of 2% but was down from a four-decade high of 9.1% in June 2022. According to the incomplete report, gas prices were up 11% from the year before and shelter costs rose 3%. Excluding volatile costs for energy and food, the core CPI rose 2.6% from November 2024. The four-week moving average for initial unemployment claims rose for the second week in a row, the Labor Department reported. The gauge of employers' willingness to release workers was 40% below the long-term average and up 5% from the low just before the COVID-19 pandemic. Total jobless claims rose nearly 16% in the latest week to just below 2 million, up almost 2% from the year before. Friday Existing home sales rose 0.5% in November, a third consecutive increase, the National Association of Realtors reported. The annual sales rate of 4.1 million houses and condos was 1% below the year before; 2024 had the lowest sales in 30 years. An economist for the trade association said housing wealth was at an all-time high, so homeowners are in no hurry to list their properties. Low inventory has helped boost prices, rising to a median price of $409,200 in November, a 1.2% gain from the year before and the 29th consecutive increase. The University of Michigan's consumer sentiment index rose marginally in December, though it was 28.5% lower than the year before. Conditions for buying durable goods fell for the fifth month in a row as 63% of consumers surveyed foresaw a continuing rise in unemployment. Inflation expectations fell but remained higher than they were in January. Economists follow consumer sentiment as a leading indicator of consumer spending. Market Closings for the Week Nasdaq – 23286, up 91 points or 0.4% Standard & Poor's 500 – 6837, up 10 points or 0.1% Dow Jones Industrial – 48254, down 204 points or 0.4% 10-year U.S. Treasury Note – 4.15%, down 0.04 point

Kyle Tetting, Steve Giles and Tom Pappenfus recap the week's developments and the implications for long-term investors.

Dave Sandstrom, Mike Hoelzl and John Sandstrom talk about stock gains amid mixed economic signs. What it means for investors.

In the seasonal spirit of giving, Landaas investment advisors suggest strategic ways for investors to be charitable.

Bonds prosper as stocks fall, delayed economic data - and other insights from Kyle Tetting, Art Rothschild and Steve Giles.

Kyle Tetting, Dave Sandstrom and Tom Pappenfus discuss the shutdown, earnings, interest rates and what matters to investors.

Kyle Tetting and Adam Baley offer investors insights on the latest developments in financial markets and the economy.

Advisors on This Week's Show Kyle Tetting Art Rothschild Steve Giles (with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik) Week in Review (Oct. 27-31, 2025) Significant Economic Indicators & Reports Monday An indicator of demand for manufactured products, the Commerce Department's report on durable goods orders, was unavailable because of the federal government shutdown. Tuesday Housing prices continued slowing in August, according to the S&P Cotality Case-Shiller national home price index. The measure showed a 1.5% year-to-year gain in residential prices, the lowest in more than two years and below the overall inflation rate for the fourth straight month. An S&P analyst said the housing market has been trying to find a sustainable equilibrium following its post-pandemic boom. He added, "(H)omeowners are watching their real equity erode while buyers face the dual challenge of elevated prices and high borrowing costs." The Conference Board said its consumer confidence index moved sideways in October. The index dipped slightly from September with lower expectations offsetting consumers' marginally higher opinion of the present situation. The business research group said pessimism about the future continued to suggest an impending recession for the ninth month in a row. Prices and inflation remained the top concerns among survey respondents. Mentions of tariffs declined from earlier surveys but stayed elevated. Some consumers expressed dismay about the federal government shutdown. Wednesday The National Association of Realtors said its pending home sales index was unchanged in September and down 0.9% from the year before. The trade association said lower mortgage rates and increased wealth effect – from record-high stock prices and elevated home values – could not overcome apparent softening in the job market.  The pending sales index remained more than 25% below its 2001 base, which the Realtors consider a normal level of sales activity. As expected, the Federal Open Market Committee lowered short-term lending rates by one quarter of a percentage point for the second time in six weeks. The Federal Reserve Board's policy-making body said continued consideration of slowing labor markets prompted it to loosen monetary control, though it also expressed reluctance to lower rates while inflation stayed above the long-term target of 2%. The September Consumer Price Index showed broad inflation rising at a 3% annual rate, although more complete data reports have been curtailed by the federal government shutdown. Thursday The broadest measure of U.S. economic output, the quarterly report on gross domestic product, was not available from the Bureau of Economic Analysis because of the federal government shutdown. The GDP report includes the Fed's preferred measure of inflation, the personal consumption expenditure index. The Labor Department's report on initial unemployment insurance claims was not available for the fifth week in a row because of the federal government shutdown. Friday The Bureau of Economic Analysis did not release its consumer spending report for September because of the federal government shutdown. Market Closings for the Week Nasdaq – 23725, up 520 points or 2.2% Standard & Poor's 500 – 6840, up 49 points or 0.7% Dow Jones Industrial – 47563, up 356 points or 0.8% 10-year U.S. Treasury Note – 4.10%, down 0.10 point

Social Security raises, earnings, interest rates, other news hitting investors - from Kyle Tetting, Adam Baley & Mike Hoelzl.

Kyle Tetting and Tom Pappenfus review developments in the markets and economy and their effects on long-term investors.

Kyle Tetting, Art Rothschild and Dave Sandstrom give investors insights on the shutdown, China, bonds, balance and more.

Kyle Tetting, Mike Hoelzl and John Sandstrom offer investors insights on the government shutdown and other developments.

Kyle Tetting, Steve Giles and Kendall Bauer discuss the latest financial trends and what they mean for long-term investors.

Kyle Tetting, Adam Baley and Dave Sandstrom discuss the Fed's long-awaited interest rate cut and what it means to investors.

For long-term investors, Kyle Tetting, Tom Pappenfus & Kendall Bauer make sense of the latest financial market developments.

Kyle Tetting and Tom Pappenfus cover the latest drama in the financial markets and what it means for long-term investors.

Kyle Tetting, Mike Hoelzl and John Sandstrom make sense of the latest developments for long-term investors.

Advisors Kyle Tetting, Adam Baley and John Sandstrom discuss market developments and their effects on long-term investors.

Kyle Tetting, Steve Giles and Kendall Bauer offer investors insights on the latest financial and economic developments.

Kyle Tetting, Dave Sandstrom and John Sandstrom give investors insights on developments in financial markets and the economy.

News on the Fed, inflation, employment, earnings and tariffs. Art Rothschild and Tom Pappenfus offer insights for investors.

Adam Baley and Dave Sandstrom explain how record stock prices, new tariffs, pressures on the Fed affect long-term investors.

Kyle Tetting, Art Rothschild and Steve Giles provide their insights on the latest developments affecting long-term investors.

Kyle Tetting, Adam Baley and Kendall Bauer offer insightful context on the latest developments affecting long-term investors.

Landaas investment advisors explore why it may be making sense to include more non-U.S. holdings in diversified portfolios.

Kyle Tetting, Art Rothschild and Dave Sandstrom discuss the latest developments affecting long-term investors.

Kyle Tetting, Steve Giles and John Sandstrom discuss news from the Fed and other developments affecting long-term investors.

Kyle Tetting, Mike Hoelzl, Kendall Bauer warn about scams aimed at older investors, cover news hitting long-term portfolios.

Amid distracting headlines and new economic data, investors continue to show caution, as Landaas investment advisors discuss.

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.