What's up! It's episode 81 of Payne Points of Wealth and we have a very special guest for you today, Mr. Charles Payne, from Making Money with Charles Payne on Fox Business. He is also the Founder and CEO of Wall Street Strategies, Inc., an independent stock market and equity research company. Charles talks about his life philosophy, his journey to success, and the state of Wall Street today.
We're also going to talk about all the volatility in the market. We've got a recession potentially on the horizon, negative GDP growth in the first quarter, and earnings coming in strong. What does it all mean? We're going to give you our viewpoint on the stock market and the economy. Don’t miss it!
You will want to hear this episode if you are interested in...Charles’ childhood was his driving force behind wanting to be in the financial industry. He had two very different childhoods, he tells us about them in the episode so be sure to check it out. At 14 he told his mom he was going to work on Wall Street and at 17 she co-signed so that he could buy his first mutual fund. After four years in the Air Force Charles started his career on Wall Street at E. F. Hutton. His exceptional people skills seem to be a running theme found throughout his success. Charles loves what he does and can’t imagine retiring. You can find him weekdays on his show Making Money with Charles Payne on Fox Business.
2022…The year of going nowhere FAST!It seems like we're back to where we were in January. We had an all-time record high the first week of January, then we had a big correction. Rallied back up but now we're back down to where we were corrected. It seems like we're standing still, but meanwhile, lots of economic numbers are coming in. We just had a very negative GDP down 1.4%. I say negative when you say it in the context of what the last quarter was, which was up 6.9%. Meanwhile, earnings are good, unemployment numbers are dropping, and margins are improving.
We're going nowhere fast. There's been tons of volatility, but if you look at it over the last 10 months, unless you're talking about growth or disruptive technology, the market's been sideways. The hawks are getting more hawkish because the FED is tightening financial conditions. The bears are getting more bearish. Wall Street is a zoo!
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When You Hit A Portfolio Home Run Are You Smart Or Are You Lucky?, Ep 21
2020 Lessons That May Keep Your 2021 Asset Allocation From Getting Out Of Whack, Ep 20
Rotation, Rotation, Rotation!, Ep 19
From Fear of Losing Money to Fear of Missing Out, Ep 18
A Portfolio With Deeper Breadth, Ep 17
If it’s in the Press, it’s in the Price, Ep 16
The Mother of All Stock Rotations, Ep 15
What are you doing with your money that can get in the way of good investing?, Ep 14
Trading One Uncertainty for Another, Ep 13
Market Change is No Respecter of Election Results— It’s Coming Regardless, Ep 12
Market Irony and Where You Don’t Want to be When the Melt Up Happens, Ep 11
Projecting a Market Future Based on Personal Experience, Ep 10
If You're Sitting in Cash Your Biggest Risk is the Cost of Opportunity, Ep 09
Uncertainty Continues With Talk Of An Economic Stall And An Impending Second Wave, Ep #08
Volatility & Uncertainty are your friends… dressed in a mask trying to scare you to death, Ep 07
Zero-commission Trading Platforms...Stock Market or Casino of the Pandemic?, Ep 06
Is Tech On The Way Down Or Is This Just A Correction? Ep #5
Mind-Numbing Tech Numbers And Why The Stock Market Is Always A Winner, Ep #4
Does Financial History Repeat Itself? Maybe. Ep #3
The Market Disconnect, Retirement Myths, Taxes and More Taxes, Ep #2
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