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InvestTalk

05-11-2020: Opinion: Why The Stock Market Is Up In Spite Of Historic Job Losses

InvestTalk

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

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

4.41.5K Ratings

🗓️ 12 May 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

Jobs data is backward-looking but with the federal government providing record stimulus measures, some argue that the recovery will be swift.


Today's Stocks & Topics: Lesson Learned By A Trader In The Oil Market, The Mortgage Market is Breaking Again, College Graduations, AMRN - Amarin Corp. PLC ADR, HFRO - Highland Income Fund, Mortgage Rates, OKE - ONEOK Inc., KO - Coca-Cola Co., PEP - PepsiCo Inc., Earnings, GE - General Electric Co.



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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,

0:10.3

KPP Financial, Independent thinking, shared success.

0:15.0

And now today's podcast.

0:17.0

Good afternoon fellow investors and welcome to Invest Talk. This is our May 11th

0:29.3

2020 edition of Invest Talk and states are reopening. Indiana is actually allowing

0:38.7

restaurants to accept dining customers. Apple is reopening stores in four states, including

0:45.2

South Carolina and so economic activity is resuming to some degree. It's slow, it's going to be a slow reopening.

0:56.0

TSA said that they've seen a 91% drop in passenger loads, well that's up from, I think at one point it was 99%. and and we have more than 30 million unemployed people, but the market's up.

1:16.1

So we're going to touch on that today on why it is up and it's a pretty simple explanation and give you a simple analogy coming up.

1:27.8

And for investors, you know, you probably want answers, right? And you're here because you want to achieve your

1:36.0

own version of financial freedom and we do that or we help you do that by

1:42.2

answering a broad range of finance and investing questions.

1:46.7

So I'm going to do my best today to provide you with some unbiased answers and I know you want strategies that work in this market so I'm

1:55.0

going to do my best to give you some background give you some information give you some

1:59.2

perspective to maybe improve your strategy.

2:03.4

So I'm ready to take your calls and questions at 88992478.

2:10.0

I'm Justin Klein and through this Invest Talk radio program and podcast Steve and I can help

2:16.9

you become a better investor and we do this with a philosophy of independent thinking

2:20.9

and shared success.

2:23.2

And we're different because we are dedicated unbiased guidance.

2:29.2

It's really what's all about, you know, and I've been accused on both sides of the political aisle

2:37.2

of being on the other. So I think that's always interesting.

...

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