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
4.4 • 1.5K 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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