06-02-2020: Strategist Warns: The Stock Market Now Has Another Risk ‘Bubbling Up’
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 2 June 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
A combination of renewed trade tensions and uncertainty over the coronavirus could find its way into a market that has proven resilient since the mid-March lows.
Today's Stocks & Topics: COR - CoreSite Realty Corp., BAC - Bank of America Corp., This Market Defies Logic, EXAS - Exact Sciences Corp., Gold, LUV - Southwest Airlines Co., DKNG - DraftKings Inc. Cl A, PPC - Pilgrim's Pride Corp., The Congressional Budget Office.
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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 Tuesday June 2nd |
| 0:26.4 | 2020. Well we've already completed two days two trading days and summer |
| 0:32.3 | just around the corner. The market |
| 0:34.1 | is up for those two days. So for the past week or so I have been stating that the |
| 0:39.8 | coronavirus that the conversation here by saying states are reopening, which they are. |
| 0:48.0 | Coronovirus is fading to some degree. |
| 0:51.6 | And you know, an economic activity is starting to resume in phases but |
| 0:56.3 | after watching events of the weekend and last night I think we got another |
| 1:00.4 | problem another issue that was going to have to deal with the market's going to have to deal with, or the market's going to have to deal with, the economy is going to have to deal with. |
| 1:07.0 | You know, we've already had this unprecedented self-imposed economic disaster and here we are starting another problem. |
| 1:18.0 | It's difficult. It's really difficult. Now as a policy we don't really get into politics here. I don't like talking about |
| 1:25.4 | politics. It's a finance and investment program. We don't need to discuss |
| 1:28.8 | politics. But you got to acknowledge the unrest and widespread rioting. |
| 1:34.5 | You have to acknowledge it because it affects the economy and the average American, |
| 1:39.2 | the stock market. |
| 1:40.5 | So you have to talk about it. So it's certainly probably going to cause |
| 1:45.9 | volatility and I'm amazed at the stock market so far as kind of ignored it. The |
| 1:51.4 | investors and traders they're pretending that the riots not really affecting anything |
| 1:58.9 | which is surprising to me I don't know if that's going to last. I tend to believe it won't if the |
| 2:05.8 | writing continues the market's going to get volatile and we're going to see see the |
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