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
4.4 • 1.5K 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
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| 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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