03-11-20: Could The Stock Market Plunge Cause A Recession?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 12 March 2020
⏱️ 50 minutes
🧾️ Download transcript
Summary
One analyst says the root of our equity downturn is the response to virus fears and an anticipated earnings hit--not financial conditions.
Today's Stocks & Topics: Should You Stop Flying Because the Coronavirus?, MMM - 3M Co., PLM - Polymet Mining Corp.,
TLT - iShares 20+ Year Treasury Bond ETF, BAC - Bank of America Corp., MO - Altria Group Inc., AMZN - Amazon.com Inc., GOOG - Alphabet Inc. Cl C, AAPL - Apple Inc., BA - Boeing Co., California Bonds, UCO - ProShares Ultra Bloomberg Crude Oil.
TRIVIA QUESTION: "If you invested $1,000 in the publicly traded company-- Nordstrom (JWN)-- 10 years ago, how much would that be worth now-- AND how did Nordstrom do compared with the S&P 500 returns in the same time frame?"
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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. Good afternoon everybody. Welcome to Investock I'm Steve. It is Wednesday, March 11, 2020. |
| 0:35.0 | And of course, the coronavirus threat is still raging in the stock market. |
| 0:39.5 | We had a really big update today |
| 0:43.0 | today, giving back on everything we gained last yesterday. |
| 0:46.0 | And a little bit more for the Dow, about the same for the Madsen. |
| 0:49.0 | I'll give you the numbers in a minute. |
| 0:51.0 | So the market is still very volatile as it has |
| 0:55.9 | been over the last two weeks. So we would witness a lot of high volatility and |
| 1:00.6 | it's something that we expected this year not from this and not like this, but we just expected more volatility this year because of the election year. |
| 1:09.0 | Now you add to this Black Swan event coronavirus and the fear of that coronavirus is what's driving everybody |
| 1:16.9 | now and that could indeed drive us into a recession. |
| 1:20.4 | We'll talk about that later on too. Today's March 11th. |
| 1:25.0 | You're listening to Invest Talk. I'm Steve Peasley. |
| 1:28.0 | You can call our toll-free number now, it's backup. |
| 1:31.0 | We had some technical difficulties yesterday so it never fails right when |
| 1:36.5 | the most exciting part of happening in the market things start to fall apart so |
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| 1:46.2 | AT&T or Sprint and we expect toll-free numbers to work properly. Maybe not with |
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| 1:55.0 | Our to Internet Linked device is not connecting properties. |
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