03-06-20: Are Some Of The World's Largest Economies On The Brink Of Recession?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 7 March 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
There are signs that some of the world's top economies could slide into recession because the coronavirus outbreak is compounding pre-existing weaknesses.
Today's Stocks & Topics: Oil, OXY - Occidental Petroleum Corp.,
YEXT - Yext Inc., Germany, Mortgage Rates, Careers at Risk, Young Investor, F - Ford Motor Co., HYG - iShares iBoxx $ High Yield Corporate Bond ETF.
TRIVIA QUESTION: "In 2020, the Dow has already registered swings of 3% or greater on five occasions-- so, HOW does this volatility compare with, for example, 2008 or 2016?"
Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline, The Dow Jones Industrial Average and Treasury Yields.
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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 everybody and welcome to Investock. This is Friday March 6th |
| 0:26.9 | 2020 and of course everybody's been glued to the news about the |
| 0:32.4 | coronavirus and the market has been very volatile. |
| 0:35.8 | I find it encouraging a little bit that the market was down pretty strikingly today, but the |
| 0:42.4 | last hour or so came back about 500 points on |
| 0:46.1 | the now. |
| 0:47.5 | So that was that's good because think about it it's Friday and if you're really |
| 0:52.4 | really worried if you're an investor or a |
| 0:54.4 | trader you're really really worried. You don't want to hold positions over the weekend |
| 0:59.1 | where more news are the coronavirus can come out so why would you rally the stocks the last hour of Friday? |
| 1:06.9 | So that's why I'm thinking it might be good news. |
| 1:09.7 | I don't know how good. |
| 1:10.8 | And of course, that could turn around an instant but I'm just |
| 1:13.8 | think I'm just pointing it out that's all so the volatility is certainly big more |
| 1:21.4 | so than we've seen in a long long time and we want to all know is the |
| 1:26.6 | correction over and I'll say this we've only it's only been about what 10 12%. That is a decent correction. But you know a full |
| 1:36.8 | correction could be anywhere from a few percentage points up to 20% off the top and so we've only gone 10 12% that's well average okay |
| 1:50.0 | even though the reason why it feels so bad is it happened over four or five days time |
| 1:57.8 | pray last week not this week last week That's what makes it so unusual. |
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