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InvestTalk

03-26-20: Opinion: The Stock Market Rally Has A Better-Than-Even Chance Of Failing

InvestTalk

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

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

4.41.5K Ratings

🗓️ 27 March 2020

⏱️ 49 minutes

🧾️ Download transcript

Summary

There has been a fresh bullishness in stocks, but ‘capitulation’ among investors has not yet occurred.

Today's Stocks & Topics: The Fed Balance Sheet, EQNR - Equinor ASA ADR, D Dominion Energy Inc., MINT - PIMCO Enhanced Short Maturity Active ETF, Bonds, PULS - PGIM Ultra Short Bond ETF, Stimulus Package, TZOO – Travelzoo, EXPE - Expedia Group Inc.

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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. Welcome fellow investors to

0:26.7

investors. This is our Thursday March 26th 2020 edition of

0:31.6

Investop. And it was another volatile day, yes, volatile does mean up sometimes. Volatility is just simply large price movement and clearly we've seen that over the past six weeks and

0:47.7

we're starting to get a little bit of this rally and we know this is driven by stimulus and oversold markets and the big question

0:58.9

is will it last so we're going to get into that today, a little bit more,

1:03.3

to understand what to likely expect over the coming weeks,

1:09.0

months, and maybe even years, because it's always hard to know but big events like this often

1:17.2

mean to big reactions. You know, think of 9-11, our reaction with security at airports, right?

1:26.9

The financial crisis brought big changes

1:29.5

to how the real estate market and banking industry acted and how regulations happened around that.

1:37.3

So you're likely to see those effects as well, both on the political and regulatory level, but as well as the individual

1:47.2

action, right, that change of habits, change of mindset towards different things and right now it's likely to be long-term

1:57.5

a change in the way we look at cleanliness about disease, health care, etc.

2:05.0

So that's something we can get into as well.

2:08.0

And we know that this COVID-19 epidemic,

2:12.0

pandemic now has affected our day-to-day lives as well as our investment portfolios.

2:18.0

And crazy to say, we are approaching the end of the first quarter. Wow. This year feels like it's been a decade. It's just quite been quite the first quarter of the I've never seen anything like it in my career.

2:35.8

Close, you know, for that to crisis was similar, maybe not the speed, but in the magnitude

2:41.6

that's for sure. you know we haven't seen something like

...

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