05-27-2020: Analyst: The Blind Spots Stock Investors Should Be Watching
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 27 May 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
The lockdown-driven decline in economic activity and spike in unemployment may be hiding system vulnerabilities.
Today's Stocks & Topics: COVID 19, U.S.-China Relations, Bank Stress Test, Beginner Investor, APPS - Digital Turbine Inc., DHT - DHT Holdings Inc., CSCO - Cisco Systems Inc., FRT - Federal Realty Investment Trust, SRPT - Sarepta Therapeutics Inc., QCOM - Qualcomm Inc.
TRIVIA QUESTION: "Federal Reserve chairman Jerome Powell recently suggested that our economy could contract by up to 30% during the second quarter of 2020-- if true, that would be the biggest drop in quarterly GDP in U.S. history--so, HOW does this compare with the percentage decline of the "Great Recession" of 2007 through 2009?"
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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, and now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is Wednesday, May 27, |
| 0:25.9 | 2020. Approaching halfway mark in the year. And we know that our states are all reopening, economic activity is resuming and of |
| 0:36.4 | course it's in phases, we know that, so it's not full, it's not even, I wouldn't even |
| 0:41.5 | say half full, halfway there, yeah, I wouldn't say that. |
| 0:44.8 | In several states people flock to the beaches, they did here in, well, not all beaches here in |
| 0:49.9 | southern California because some beaches were still close. But most pieces were |
| 0:54.4 | open and of course there was pictures in my area because I went down there I |
| 0:59.2 | rode south on Pacific Coast Highway on my bicycle, |
| 1:06.0 | everybody was doing social distancing that I saw. There are family groups together, but you know, |
| 1:10.0 | different spaces between those family groups. |
| 1:12.0 | So even though some places they weren't, I just don't know, they weren't around here that I saw. |
| 1:20.0 | But you know, that's what's happening out there and of course the market is still volatile |
| 1:27.2 | we've seen a lot of volatility and both the downside and the upside which is typical of a bear market when a bear market first |
| 1:34.9 | appears it's pretty if the stocks fall like a freight train right straight down and |
| 1:39.7 | when they start to recover you know know, sometimes it's fast, sometimes it's a V, sometimes it's a U, sometimes it's an L-shaped kind of pattern. Those are three types of patterns. So what do we have here? Right now it's kind of a V pattern. |
| 1:58.8 | I mean I don't know taking a look at a chart, it's kind of a V pattern, but last month it kind of went |
| 2:07.5 | sideways, so the V got interrupted, which is not unusual. |
| 2:12.0 | It was just the way it is. But that, but that's the shape of our recovery so far. |
| 2:17.0 | As investor, you know, you have questions, I'm sure. |
| 2:20.0 | Important questions, and now traders, investors, will all debate when our economy get back to speed. |
... |
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