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InvestTalk

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

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

4.41.5K 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

Click on a timestamp to play from that location

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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