03-27-20: Coronavirus Slowdown Starts To Rival The Fed's 'Doomsday Bank Stress' Scenario
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 28 March 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
Could the unfolding market shock and the economic crisis caused by coronavirus disruption shape up be a nightmare scenario for the Federal Reserve?
Today's Stocks & Topics: The Fed & Coronavirus, Emerging Markets, The Bond Market, WORK - Slack Technologies Inc., KL - Kirkland Lake Gold Ltd., ABBV - AbbVie Inc., Roth I-R-A, BA - Boeing Co., Best Time of the Day to Buy, AFL - AFLAC Inc., GBCI - Glacier Bancorp Inc., NRZ - New Residential Investment Corp., WM - Waste Management Inc.
TRIVIA QUESTION: What is our national debt today--BEFORE the new rescue package debt? And, for comparison, what was our national debt in 1990?"
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold 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 invest all. It is Friday, March 27, |
| 0:26.5 | 2020. Is there anyone who is not getting this out? Anybody not tired about the coronavirus, about a hearing about it everywhere. |
| 0:37.6 | I mean I tried to find something last night on TV that wasn't surrounding the coronavirus and you know anywhere you looked it's there right? |
| 0:45.2 | I guess we're all longing for the day when it no longer dominates the news but that's just |
| 0:51.2 | the way it is and it's going to stay that way for a while and it's certainly going to affect our investment portfolios. |
| 0:57.0 | But, you know, we'll soon reach into the first quarter of 2020. |
| 1:01.0 | The first two months of the quarter were pretty good, the last month was first quarter |
| 1:03.4 | 2020 the first two months of the quarter were pretty good the last month was very bad and of course the market's been very very volatile and it's you know it |
| 1:11.1 | certainly caused a lot of uncertainty. Now I noticed that the market might be calming down. |
| 1:16.5 | It would seem like it was trying to today, you know, have sold off by the end of the day. |
| 1:21.5 | But that's it could be expected to be a Friday. |
| 1:24.5 | We'll have a better idea if the market comes down next week. |
| 1:29.7 | And it's all going to be, you know, subject to what happens in the news and the coronavirus I don't |
| 1:34.5 | think the market's going to stop being volatile for a while it wants to know the |
| 1:39.8 | market wants to know where the peak is in this coronavirus and right now it's just |
| 1:44.9 | you know the cases are just growing. I'm Steve Peasley everybody I'm going to help |
| 1:50.2 | you with your goal to achieve financial freedom that's what I'm here for. The reason why you |
| 1:55.4 | listen to the program, you become financially free. I certainly hope you'll call |
| 1:59.5 | me this hour. This is a call-in show. Through the Investop radio program and a podcast. I can help you become a better investor. |
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