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05-08-2020: Opinion: Economist With 'Perfect Record' Is Betting Current Recession Over By End Of 2020

InvestTalk

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

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

4.41.5K Ratings

🗓️ 8 May 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

05-08-2020: Opinion: Economist With 'Perfect Record' Is Betting Current Recession Over By End Of 2020


 


An expert's theory argues that COVID-19 is an 'accelerant' of underlying trends for a recession that started in Q1 this year.




Today's Stocks & Topics: RE - Everest Re Group Ltd., STNE - StoneCo Ltd. Cl A, Muni-Bonds, FDMMX - Fidelity Massachusetts Municipal Income Fund, Economic Numbers, SQQQ - ProShares UltraPro Short QQQ, FNV - Franco-Nevada Corp., Looking for New Stocks, VZ - Verizon Communications Inc., The Lows, Rollovers, V - Visa Inc. Cl A.




TRIVIA QUESTION: "What are the 4 types of treasury securities? And, going back in time, what was the name of the agency that managed U.S. debt?"




Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold 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, and now today's podcast.

0:17.0

Good afternoon everybody and welcome to Invest Talk. It is Friday, May 8, 2020 and we just

0:27.8

completed another week and states are beginning to reopen their economy, some more aggressive about it, and some haven't even

0:37.0

started, but most have least gone into phase one of what their opening is. I thought it was pretty funny here in

0:45.8

California when the governor listed some of the businesses is going to reopen

0:50.6

and he listed on their shoe stores and I'm just wanting you know you're not supposed to go on the

0:55.3

shoe store there's you're just supposed to pick up the stuff on the outside the shoe

0:58.6

store you can't go in oh how do you try the shoes on? I thought that was pretty funny.

1:04.0

But I don't see how that's going to work.

1:07.0

Anyways, we are, all states are beginning to at least start to crack the, uh, the, the, the, the, the, the, the the COVID shutdown open.

1:17.0

That's good. That's really good.

1:19.0

You know, they're trying to do it slowly, they're trying to protect everybody's health and you know I just not expert or nothing know how fast how sold they should go I don't know

1:30.8

But for us investors you know it's very important.

1:34.0

The stock market always trades on what they think that future is going to look like.

1:39.0

And obviously investors are thinking the future are looking kind of bright at this point.

1:45.4

So probably because all the trillions of dollars the Federal Reserve and the Federal Government

1:50.3

is throwing at the problem.

1:52.1

I think that's probably the main reason because

1:54.3

it certainly isn't the numbers. You know the economic numbers or the earnings

1:58.2

numbers they're not going to look good. Just not. Okay this is a Colin. I want to hear from you. I'll answer any questions you have long as it's financial and the number is 888-99 chart.

2:09.0

I'm Steve Peasley and I hope you will call me.

...

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