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InvestTalk

05-20-2020: Morgan Stanley: Today’s Stock Market Looks Like March 2009, Before The Longest Bull Run In History

InvestTalk

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

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

4.41.5K Ratings

🗓️ 20 May 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

The head of U.S. equity strategy at Morgan Stanley has several reasons for a bullish outlook-- but is he right?




Today's Stocks & Topics: Cruise Lines, AIQ - Global X Future Analytics Tech ETF, Oil Rigs, The Government & Cash, Coronavirus vs. Summer Fun, Morgan Stanley, WFC - Wells Fargo & Co., New Investor, LOW - Lowe's Cos., OXY - Occidental Petroleum Corp., BAM - Brookfield Asset Management Inc. Cl A, EPGFX - EuroPac Gold Fund A, BA - Boeing Co., S&P 500.




TRIVIA QUESTION: "Mortgage rates have shown volatility over the decades, but looking back, what was the record low average for a 30-year fixed in 2012? And in which year did the AVERAGE rate hit a high mark?"



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Transcript

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0:00.0

This podcast is produced by KPP Financial, Steve Peasley President,

0:10.4

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 Wednesday May 20th

0:26.3

2020 and of course we all know the states all the various states are reopening

0:31.9

the economic activity is resuming.

0:34.0

I rode my bike down to the beach this afternoon and back and I see that the

0:39.6

date and point beaches are all open, but then as I head south on Pacific Coast Highway, I notice the next city down, San Clementi, are still closed.

0:48.0

So I don't know, it's kind of piecemeal and hopscotch around wherever they're opening. At least it's starting to opening.

0:56.4

We're starting to see our lives return to some semblance of normal even though it's fairly slow. I'm sure you've seen the protests.

1:06.4

There are protests out there. They're nonviolent. People want to get back to normal,

1:11.2

while to get back to normal, and

1:13.0

you know, we got to do it, we have to do it,

1:15.6

we just have to do it safely.

1:18.1

You know, state capitals around the country, you know, some, it seems like to me someone just throw around a lot of their

1:27.1

power to see how much power they're drunk with power some you know are being

1:31.9

very very careful about opening and some are being more aggressive.

1:35.0

I don't know which is right, but it is interesting that everybody has a different idea

1:41.0

of what should be done. But, you know, people want to get back to work. They need to get back to work. They need to. Despite the dangers, you know, I think I think people are adult enough to know that they have to wear a mask, they've got to have some distance.

1:56.6

I think, you know, I think they know that those are things they have to do.

2:00.8

They're just tired of being told what they should have to do.

2:04.0

So I think you're seeing, well, I think it's going to have more and more pressure to open back up.

...

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