Thanks for joining me again this week on PowerTalk. If your new to the show, this is the place where I bring you my 1-1 conversations with CEOs of public and private companies as well as other key people in business, politics and wherever else might be impacting the stock market and our investing decisions.
I’m your host Chris Versace, editor of the investment newsletter PowerTrend Profits. My goal with PowerTalk is to let you listen in on some of the conversations I’m having each and every week and to take you behind the scenes and in the know.
There’s been a lot of bluster over the recently enacted sequester spending cuts, which are really cuts in the rate of spending growth than true reductions in dollars spent. While there will be sectors of the economy that feel the impact more than others -- defense and government contractors like Lockheed Martin (LMT), Northrop Grumman (NOC) and others -- the underlying economy is in far better shape given the rebound in the housing and manu