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Well Balanced | Financial Planning, Bucket-Based Investing, Market Perspective, Wealth Management. A passionate and entertaining look at money and investing in and for retirement. For those that enjoy podcasts like Smart Money, On Investing, and BiggerPockets, Well Balanced is worth adding to your feed. Disclosures about our firm and this podcast. Vector Wealth Management is registered as an investment adviser with the Securities Exchange Commission (SEC). Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Vector’s current written disclosure brochure filed with the SEC discusses among other things, Vector’s business practices, services, and fees, and is available through the SEC’s website at: www.adviserinfo.sec.gov. All content in this podcast is for information purposes. Opinions expressed herein are solely those of Vector Wealth Management, our staff, and guests. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed directly and in detail with your financial advisor prior to implementation. This podcast and related content are not intended to render personalized investment advice, nor should it be viewed as an offer to buy or sell, or a solicitation of any offer to buy or sell the securities or strategies discussed. Please note that neither Vector Wealth Management nor any of its agents give legal or tax advice. The firm is not engaged in the practice of law or accounting. Charts, graphs, and returns do not represent the performance of Vector Wealth Management or any of its advisory clients. Returns do not reflect the impact that advisory fees and other expenses would on the results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client’s portfolio. All investment strategies have the potential for profit or loss. Past performance is not indicative of future performance. Visit vectorwealth.com/regulatory for the firms form CRS and ADV.
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Friday May 02, 2025
Friday May 02, 2025
Every quarter, a new set of GDP reports make headlines. In our latest podcast we dig into Gross Domestic Product, market reaction, and dig into the details behind the numbers.
Here’s the backdrop: The first estimate of Q1 GDP report showed the U.S. economy contracted in the first quarter of the year—which rattled markets Wednesday morning. That said, if you checked markets after lunch the same day, you might have missed the whole reaction.
As with most things, there is a nuanced story beneath the headline.
Imports. Compared to the prior quarter, imports increased by over 9% (~40% annualized), which in economic accounting reduces GDP. Here’s the takeaway: imports bringing down GDP is likely a short-term effect. We believe that businesses and consumers were buying goods ahead of expected tariffs, thereby increasing imports in Q1. This is front-running—essentially stockpiling today to avoid future costs tomorrow. We would expect imports to ease or average out in future quarters.
At Vector, we believe that emotional investing based on headlines is usually unhelpful. Contractions and advancements are a normal part of the economic cycle. But predicting exactly when they’ll come, how long they’ll last, or what will cause them is nearly impossible. That’s why we focus on planning for uncertainty, rather than trying to avoid it altogether.
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vectorwealth.com/regulatory
All content discussed in our podcasts, videos, or related blog articles are for informational purposes and should not be construed as individualized financial advice.
Opinions expressed herein are solely those of Vector Wealth Management, our staff, and guests. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed directly and in detail with your financial advisor prior to implementation of a strategy or investment. This podcast and related content are not intended to render personalized investment advice, nor should it be viewed as an offer to buy or sell, or a solicitation of any offer to buy or sell the securities or strategies discussed.
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