02-18-20: Report: Coronavirus Scare Leads Fund Managers To Slash China's Growth Outlook
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 19 February 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
Investment professionals now see China’s $12.2 trillion economy rising an average of only 5.2% over the next three years.
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.3 | KPP Financial, Independent thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk it is Tuesday |
| 0:25.8 | February 18th 2020 and of course as usual there's always kinds and all kinds of |
| 0:30.6 | news out and I'm in of late it's all about the coronavirus and its threat on the |
| 0:36.4 | economy of China and of course the other places around the world we'll talk |
| 0:40.4 | about that markets Markets like security. |
| 0:43.4 | They don't like all this, what's happening in China and is it gonna, how bad is it gonna |
| 0:48.8 | affect everybody? |
| 0:50.6 | markets don't like that. |
| 0:51.9 | That's why you're seeing a lot of volatility. It's making |
| 0:54.3 | investors nervous. So and that's what that's what we're dealing with. But I |
| 1:00.4 | think the coronavirus fears may have already been kind of baked into the |
| 1:05.0 | trading calculations. I think that we already know, we meaning the investing |
| 1:11.2 | public, know what kind of effect and I don't think we're seeing that much of an effect. |
| 1:17.0 | Now don't get me wrong there's going to be effects on certain companies like Apple today talked |
| 1:24.7 | about down gradings, their expectations because of this, but it's going to have an effect |
| 1:32.0 | but the market is already pretty much baked in how much of it they need to worry about. |
| 1:37.0 | Anyways, it's an interesting thing. Really is. |
| 1:42.0 | You're listening to Invest Talk. It's an interesting thing. Really is. |
| 1:43.6 | You're listening to Invest Talk, |
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