On this week's show, Karl outlines the rotation he's seeing. Also, guest John Friesenhahn joins Karl in studio to discuss the San Antonio housing market.

The Fed released their minutes this week.  Karl read them differently from the market.  Plus, an update on the San Antonio & Texas economies.

The Fed released their minutes this week.  Karl read them differently from the market.  Plus, an update on the San Antonio & Texas economies.

Karl's noticing some changes in leadership in the stock market.  He reveals them on this episode.

Karl's noticing some changes in leadership in the stock market.  He reveals them on this episode.

Despite the ups and downs during the month (and quarter) and despite more chatter from the Federal Reserve, nothing has really changed in the stock market.

Despite the ups and downs during the month (and quarter) and despite more chatter from the Federal Reserve, nothing has really changed in the stock market.

The Federal Reserve continues with their rhetoric causing gyrations in the stock market.  Karl tells listeners what they should or shouldn't do about it.  Plus, Karl gives listeners areas to pay attention to and areas to avoid.

The Federal Reserve continues with their rhetoric causing gyrations in the stock market.  Karl tells listeners what they should or shouldn't do about it.  Plus, Karl gives listeners areas to pay attention to and areas to avoid.

As usual, the Federal Reserve was in the spotlight this week. Investors interpreted the Fed's comments as dovish and bought stocks.