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InvestTalk

05-12-2020: Analyst Opinion Warns: A ‘Much More Severe’ Stock Market Selloff Ahead

InvestTalk

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

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

4.41.5K Ratings

🗓️ 12 May 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

The reality of the dire state of the economy will catch up with equity investors-- because the depth and duration of our calamity are 'unknowable'.




Today's Stocks & Topics: The Federal Reserve, Bears and Bulls Arguments, Inflation, Interest Rates & Refinancing, GDXJ - VanEck Vectors Junior Gold Miners ETF, WD - Walker & Dunlop Inc., Cash, Shop Online, Reverse Split, PENN - Penn National Gaming Inc., CARS - Cars.com Inc., Stock Evaluation, KAR - KAR Auction Services Inc., CSCO - Cisco Systems Inc., Consumer Price Index.




TRIVIA QUESTION: "Approximately HOW MANY banks are there in the United States? And how many banks have FAILED in recent years?"



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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 everybody and welcome to Invest Talk. It is Tuesday, May 9th, May 12th.

0:26.6

I was going to say May 19th, May 12th, 2020. And as you see, they announced today and the list of the most recent over the weekend,

0:35.0

states are starting to reopen slowly.

0:38.0

Today in Indiana, they're allowing restaurants to accept dining customers.

0:43.9

You know, but no restaurant in the world can survive

0:47.4

if you limit the number of people they can take in.

0:50.2

In other words, if you're saying you can only allow 25% of the dining in capacity,

0:57.3

that restaurant won't be able to survive probably shouldn't open because they can't make it.

1:01.3

Most restaurants have to be pretty full to make money.

1:05.0

Apple is reopening four stores, including South Carolina, and yes, we are starting to resume economic activity but flights are

1:16.8

still down what 90 percent so remember plane's been flying all along.

1:25.0

No one's flying with them though.

1:28.0

So we'll see how they were.

1:30.0

Today Dr. Fauchy testified before Congress saying we must be very careful about how quickly we reopen.

1:37.4

See there's a component here. There's like three basic components. There's the medical component where, you know,

1:44.5

we've got to be careful not to spread the virus.

1:46.4

There's the political component where

1:48.1

you know that's going to be politics from the right and the left.

1:50.8

And then there's a third component, people need to get back to work. So

...

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