The federal government will spend about a trillion dollars on interest this year, roughly what it spends on national defense, and every rate increase makes that number larger. We will explain why the government’s own borrowing costs now shape monetary policy, what that means for long-dated bonds, and why central banks around the world are buying gold at the fastest pace in years. Today&#x27;s Stocks &amp; Topics: Credo Technology Group Holding Ltd (CRDO), Market Wrap, Valero Energy Corporation (VLO), Marathon Petroleum Corporation (MPC), Phillips 66 (PSX), Car Makers and Motor Oil, The Trillion-dollar Interest Bill Nobody Votes On, Avantis International Equity ETF (AVDE), Short Selling vs Put Options, Chevron Corporation (CVX), Salesforce, Inc. (CRM), ServiceNow, Inc. (NOW). Our Sponsors: * Check out Anthropic and use my code claud.ai/invest for a great deal: https://www.anthropic.com * Check out Quince and use my code quince.com/INVEST for a great deal: https://www.quince.com * Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com Advertising Inquiries: https://redcircle.com/brands

The Trillion-dollar Interest Bill Nobody Votes On

InvestTalk

This is InvestTalk from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Justin Klein. Good afternoon, fellow investors, and welcome back to another edition of InvestTalk. This is our Tuesday, August 18th, 2026 edition.

It was a red day in markets. I've been talking for a few days now. I'm getting that. The hair is standing up in the back of my neck. I'll say that. When it comes to the market, I'm doing this for 25 years. You know, you kind of know the patterns, you feel the patterns, you absorb the patterns that you see in markets, and then you're digging into kind of the, you know, we have a million different tools that we use for managing portfolios,

rebalancing portfolios in a timely manner, et cetera. And a lot of it is about market structure. It's so much about market structure today, both option markets, index flows, all of that. It's almost a new vertical of analysis that is difficult because it's so new. You know, indexing has only been around for a short period of time, relatively to market history. And then option volume has exploded since COVID.

And so these are new variables that you have to bring in to your analysis. And that's what we're here to help with. We do this professionally. We do this for clients every single day. So we're bringing that expertise. We're bringing that perspective. We're bringing that data to you. And usually that data is applied to our particular portfolios that we're running for clients. So we don't know what your portfolio looks like. So that's why it's always good for you to call, ask your question,

The Trillion-dollar Interest Bill Nobody Votes On

Read the full transcript

The candid version is on a podcast,
not the earnings call.

The Trillion-dollar Interest Bill Nobody Votes On

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.