05-15-2020: Strategist Prediction: Markets Are Too Optimistic
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 15 May 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
Ahead of an earnings decline of between 30% and 50% this year, one market watcher thinks another 'leg down' is likely.
Today's Stocks & Topics: Social Security for 2020, AWK - American Water Works Co., AWR - American States Water Co., SMLP - Summit Midstream Partners L.P., DHC - Diversified Healthcare Trust, ABBV - AbbVie Inc., Warren Buffett, NEM - Newmont Corp., Retirement Plan, Coronavirus Vaccine.
TRIVIA QUESTION: "WHAT is a 'bank run' and, historically, WHEN did early forms of bank runs begin?"
I will have the surprising answer after the break.
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold and Treasury Yields.
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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 everybody and welcome to Invest Talk it is Friday May 15, 2020 and |
| 0:27.2 | states are reopening. I roll my bike down to the beach this afternoon and |
| 0:31.8 | back and people were actually laying on the beach. |
| 0:35.0 | I don't think they're supposed to do that, but they are. |
| 0:37.6 | The parking lot is still closed. |
| 0:39.8 | So if states are reopening, I see that in many places around where I live and therefore |
| 0:45.9 | economic activity is resuming but it's going to be in phases it's not going |
| 0:51.1 | to come back all at one time and And there's still a good deal of |
| 0:54.3 | uncertainty regarding economic conditions going forward. How fast, how fast we're |
| 1:00.6 | going to recover. Some people think very fast, some people think very slow, and some people think |
| 1:05.9 | we'll never recover like we were. So I think it's a combination of all those things. |
| 1:11.1 | We'll talk about that. Of course, it means that the market's going to be volatile because there's all |
| 1:16.3 | that unknown so as an investor the important question for you is, when does our economy get back? |
| 1:26.0 | When will this COVID-19 crisis be over? |
| 1:30.0 | And when can we start investing in confidence in stocks that we normally would |
| 1:36.7 | invest in because you still can't do it. There are certain sectors of the |
| 1:40.2 | economy that are going to be bad for quite some time. |
| 1:44.0 | They'd be really, really picky about what you're going to invest in. |
| 1:49.0 | Okay? Things are going to change. |
... |
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