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InvestTalk

04-15-20: JP Morgan Chase Will Strengthen Mortgage Borrowing Standards

InvestTalk

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

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

4.41.5K Ratings

🗓️ 15 April 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

The change highlights how banks are quickly shifting gears to respond to the darkening U.S. economic outlook and stress in the housing market.




Today's Stocks & Topics: Private REITs, Coronavirus vs. Globalization, VMW - VMware Inc., Market Trends, Investing Strategy, USO - United States Oil Fund LP, UAL - United Airlines Holdings Inc., 401k, Bonds, RCL - Royal Caribbean Cruises Ltd., Payment Apps, ABR - Arbor Realty Trust Inc., 5G Stocks.



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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 fellow investors and welcome to

0:27.2

Invest talk. This is our April 15th 2020 edition of Invest Talk and there's a lot of financial disruptions that are being

0:36.5

caused by this COVID-19 pandemic and there's certainly the most serious crisis since 2008, and in a lot of ways it's worse, right?

0:49.0

2008 was a financial crisis that morphed into a Main Street crisis and this is the

0:56.6

opposite. This is a main street crisis that is morphing into what likely will be a financial crisis at some point.

1:05.0

The Fed has done at least enough in the near term to stave that off,

1:11.0

but the big question is will they be able to stave it off?

1:14.1

Indefinitely.

1:16.0

So many may see a lie at the end of the tunnel,

1:19.0

but I think we're going to have a lot of fits and starts with this return to normalcy and it's very unclear

1:28.0

what that path is going to be but we know that there's a low likelihood that it's smooth sailing, right, once we open

1:38.0

the economy and we know that we're in a different world than we were just a few months ago and habits

1:46.6

have changed and I see that with my friends my family as well as talking to our clients and our listeners.

1:55.0

So here we are.

1:56.0

We must face this new reality.

1:58.0

But we're going to do that together,

2:00.0

and you have finance investing questions, and I will do my best to provide the unbiased answers.

2:07.0

So as an investor you want strategies that will help you deal with its volatility and to help you succeed in a time where

2:14.6

guess what indexing is not going to work most likely

...

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