01-29-20: Analyst: The First Stock Market Correction Since October Has Begun

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.4 • 1.5K Ratings

🗓️ 30 January 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

One strategist believes any slump may be limited due to Federal Reserve actions.

Today's Stocks & Topics: Housing Market, Becoming and Investor Adviser,
T - AT&T Inc., SLB - Schlumberger Ltd., IRM - Iron Mountain Inc., ETFs for Beginner Investment, Presidential Election, ITHAX - Hartford Capital Appreciation Fund A, Goals for Retirement.

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Transcript

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0:00.0	This podcast is produced by KPP Financial, Steve Peasley President,
0:10.4	KPP Financial, Independent thinking, shared success.
0:15.0	And now today's podcast.
0:17.0	Good afternoon fellow investors and welcome to Invest Talk. This is our Wednesday, January 29th, 2020 edition of and Best Talk and I thank you all for being here this hour and as always there's a lot to talk about
0:43.0	coronavirus is still in the headlines and still affecting
0:48.0	global markets.
0:50.0	We had Fed Day today.
0:52.0	And as expected, they are leaving traits alone for now, but you know there
0:57.7	was more talk around their quantitative easing program, their new money printing program, and how long it's going to last.
1:06.4	They basically said until at least April, and then they may start tapering it slightly,
1:11.0	and that's, you know, they don't want to get rid of it if they
1:15.4	don't have to right but they want to show the market that they are trying to
1:21.0	step back from the policy in some way but they're talking about a
1:25.0	reduction of five billion dollars a month which is you know the grand scheme of
1:28.6	things of for an over four trillion dollar balance sheet is very small. It just shows you how
1:34.8	careful they're being at trying to manage out of this, right? And we all know they're not going to be able to. They're all they're gonna they're
1:45.7	going to return to some sort of stimulus. It's just a matter of when and I don't think we
1:50.5	got an answer to that today.
1:52.5	So that was really the gist of the Fed news during today.
1:58.0	And our job here, however, is to calibrate things for you. And as we enter or we're in the final
2:04.8	trading week of January we've seen volatility spike up a little bit we had just a
2:11.5	couple days ago on Monday close equities were down for the month
	...

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