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InvestTalk

03-13-20: Opinion: Equity Markets Are In A Vulnerable Position

InvestTalk

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

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

4.41.5K Ratings

🗓️ 14 March 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

The toxic fallout from the coronavirus pandemic has collided with the over-leveraged and vulnerable U.S. corporate sector.

 

Today's Stocks & Topics: Market Damage, Developing a Plan, Coronavirus, Gold, LYB – Lyondell Basell Industries N.V. Cl A, BRKB - Berkshire Hathaway Inc. Cl B, Gold Mining, PFE - Pfizer Inc., USO - United States Oil Fund LP, PCG - PG&E Corp., BGS - B&G Foods Inc.

 

TRIVIA QUESTION: "During the Spanish Flu pandemic of 1918 to 1919-- how much of a drop occurred for the S&P 500 Index?"

 

Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Bitcoin, Gold, Consumer Sentiment and Treasury Yields.

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Transcript

Click on a timestamp to play from that location

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 invest

0:23.0

off here this Friday my 13th Friday the 13th

0:26.4

actually a good day for the market today even though it's Friday at 13th

0:29.9

2020 and I want to put things in perspectives I can in 1969 Hong Kong flu pandemic and

0:37.1

also the SARS flu pandemic in 2002 both caused the stock market to take pretty good hits.

0:44.0

However, the market recovered and neither event caused a recession.

0:48.0

It's just that no one can truly say when the market hits the bottom. I can't tell you during this pandemic I

0:55.5

don't I don't know no one knows and this is a little bit is a bit different

0:59.4

it's not exactly the same but the there's a lot of fear and of course there's potential severity

1:06.4

of the coronavirus spreading everywhere I think it will actually to be honest

1:09.7

it's just how fast it will spread and that's what the that's what we're doing here in the US trying to slow it spread and that gives time for the hospitals and everybody else to get ready and also to try to come up with a antidote of some kind to the virus.

1:28.0

You know, a flu shot basically.

1:30.0

In 2009, a flu epidemic and that's or the swine flu, remember the swine flu?

1:35.0

2009, 2010, that last one, 2009, 2010, that was the H1N1 virus.

1:42.0

And then there was the first H1 endless virus there was in

1:47.2

18 1920 which was the Spanish flu do you remember the I don't know one

1:51.4

remembers that but it was a long time ago, but it was pretty severe. So that's what we're dealing with now. In 2010, there was 12,469 deaths from the swine flu.

2:05.0

12,469.

2:07.0

In America, you know, have we had so far from the,

...

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