06-03-2020: Opinion: The Stock-Market Rally Refuses To Conform To 'Norms'
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 3 June 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
The rally in the S&P 500 index remains strong and continues to defy detractors.
Today's Stocks & Topics: CARES Act 401k Withdrawal Options, IPO Market, Too Much Risk, Jobs Report, MPW - Medical Properties Trust Inc., Leveraged ETFs, Market Scenarios, Gold, Silver & Copper, USFD - US Foods Holding Corp., IVR - Invesco Mortgage Capital Inc.
TRIVIA QUESTION: "Historically speaking, have "social unrest issues" had a serious impact on the stock market?"
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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 June 3rd |
| 0:26.9 | 2020 and we're what three days into June markets were rallying pretty strong first three days of June, and |
| 0:35.0 | remember the summertime is supposed to supposedly, well it is historically the worst time of the year |
| 0:41.0 | and we're approaching summer. But the market doesn't seem to care much about that. |
| 0:47.2 | It really doesn't. You know, it's amazing. Here we are in June. summer, be here, and you've seen how the market just kind of is ignoring |
| 0:57.4 | civil unrest, ignoring the COVID damage to the economy. just doesn't care. |
| 1:04.0 | Now that we're reopening, the market likes that a lot. |
| 1:07.0 | A lot. |
| 1:08.0 | So, we do know that uncertainty always causes market volatility. |
| 1:15.3 | So as an investor, you guys need to be prepared to deal with volatility. |
| 1:20.0 | Especially as we're going into the summer months. It's pretty common. |
| 1:24.8 | But you can't let it derail your financial freedom goals. |
| 1:30.3 | You know, you just have to deal with the volatility. Right. It's been all up right I mean you know up volatility we had about what |
| 1:38.8 | From about the end of April few days left April to the middle of May, the market kind of turned sideways, |
| 1:47.2 | kind of weak, and then since the middle of May has been moving up pretty sharply. So that's what you're seeing. So we're going to have another |
| 1:57.0 | downstroke, but I can't tell you when like always. I can't tell you when. I can't tell you when. |
| 2:01.2 | I can't tell you from what level or how deep I can only suggest |
| 2:05.5 | Remember I was talking about the Fibonacci numbers well the market blew right through all those I didn't really care about that it did hesitate hesitate that as I told you before during the early May, |
| 2:16.1 | one of the Fibonacci numbers, but it struck it off. So what are we going to do now? |
| 2:21.8 | What, and I have one of my questions on today's show, |
... |
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