(10/26/23) Q3 GDP grew at an annual rate of 4.9% in the 3rd Quarter: It's not uncommon to see an economic uptick in economic activity prior to a recession; however, not all is rosy: bankruptcies are surging. Wednesday was not a pretty day in markets, with confirmation of a break of support at the 200-DMA. Market expectations for GDP and the effects of inflation; what are the ramifications? The regional bank problem was a problem for all banks. Banks matter because we are a credit-driven economy. Lag effects generally take 5 to 9 quarters to emerge. A Zero-deficit = negative GDP. Government debt and deficits reduce economic growth. Market correction is underway, as predicted, and there is concern for markets for 2023. How best to reposition portfolios; what earnings are telling us. Bond vs stocks, Value vs Growth stocks next year? The Fed is predicted to do nothing at next week's meeting; high interest rates are doing the Fed's work. Bill Gross: Economic deterioration is worse than people think; what are economists seeing? Pay attention to more recent data, like credit card spending and jobless claims. The problem with inflation is how it is measured. SEG-1: Q3 GDP Preview SEG-2: Why Banks Matter; A Credit-driven Economy SEG-3: What Corporate Earnings are Telling Us SEG-4: Previewing Powell Hosted by RIA Advisors RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=cC5qe2kFcuI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=19s -------- The latest installment of our new feature, Before the Bell, "Markets Confirm the Break of the 200-DMA" is here:  https://www.youtube.com/watch?v=nKXG1bfgj20&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Are Gloom & Doom Scenarios Correct?" https://www.youtube.com/watch?v=xkkkIJacQWE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Articles Mentioned in this Show: "Real Rates Drive Stock Prices" https://realinvestmentadvice.com/real-rates-drive-stock-prices/ "The Pain Trade Is Higher Into Year-End" https://realinvestmentadvice.com/the-pain-trade-is-higher-into-year-end/ "Surging Deficits – The Bear’s New Meme" https://realinvestmentadvice.com/newsletter/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- Watch our past Candid Coffee: https://www.youtube.com/watch?v=Sdi_-TQpNb8&list=PLVT8LcWPeAugq7q4XzOcad3oSN5Z1Zd-Z&index=1&t=2s ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #EarningsSeason #InterestRates #FederalReserve #ConsumerSpending #Employment #EconomicData #Markets #Money #Investing