03-17-20: Opinion: Based On History, The Stock Market Is Pricing In A Recession
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 17 March 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
The market’s blistering sell-off over the last month is so bad that investors have already pretty much priced U.S. stocks as if the economy is headed for a recession.
Today's Stocks & Topics: Is The Market a Bargain?, Small Business Are The Most Vulnerable, VIAC - ViacomCBS Inc. Cl B, TEVA - Teva Pharmaceutical Industries Ltd. ADR, Cash Back, HDB - HDFC Bank Ltd. ADR, 529 Plans, MMP - Magellan Midstream Partners L.P., DIV - Global X SuperDividend U.S. ETF.
TRIVIA QUESTION: "Mr. Trump asked Congress for a $850 billion "stimulus package" today. In 2009, during our last financial crisis, what was the value of the "stimulus package" back then?"
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 everybody and welcome to Invest Talk. It is Tuesday March 17th, |
| 0:27.0 | 2020. Well the reality of the quarter virus is turning everything upside down, that's for sure. |
| 0:33.6 | You saw the market day, up over a thousand points. |
| 0:36.4 | In the past couple of weeks, there's been immense volatility, just huge outside of volatility. Something we haven't seen since 2008 and even then it's not, you know, it seems to be more in a shorter period of time. |
| 0:51.0 | It is a more in a shorter period of time. And is a more in a shorter period of time. |
| 0:53.0 | As a investor you want strategies to help you deal with the volatile, I'm sure about that, |
| 0:58.0 | so you can be prepared for it, know what's doing. Now we've warned you that what's all the truth |
| 1:03.2 | to pick up this year of course I didn't realize it's going to be like this because |
| 1:06.0 | no one could foresee that coronavirus I just knew that volatility would pick up |
| 1:10.4 | because we had very little volatility last year and this year was a an election |
| 1:16.1 | presidential election year volatility picks up during that but this has been very |
| 1:22.0 | unusual and I know it's been pretty scary for a lot of people |
| 1:26.3 | I'm Steve Peasley and I hope you call me in this hour. This is a call-in show. We'll talk about anything |
| 1:31.5 | financial now through the Invest Talk radio program. call in show, we'll talk about anything financial. |
| 1:33.0 | Now through the Invest Talk Radio Program and the podcast guidance, I can help you become a better |
| 1:38.4 | investor. |
| 1:39.4 | I'm convinced of that, or also I wouldn't be doing this show. And one way Josh and I are able to do that is, |
| 1:45.0 | we want everybody to think independently |
| 1:48.0 | and we'll all share our thoughts |
... |
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