06-12-2020: Opinion: Rampant Speculation In The Stock Market Thanks To The FED
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 13 June 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
06-12-2020: Opinion: Rampant Speculation In The Stock Market Thanks To The FED
An investor's goal is to make money consistently in all market conditions — even with rampant speculation, a good or bad economy, a pandemic, and varied Federal Reserve policies.
Today's Stocks & Topics: Mortgage Rates, The Stock Market, Where to Retire, USFD - US Foods Holding Corp., STNG - Scorpio Tankers Inc., GDX - VanEck Vectors Gold Miners ETF, Insurance Companies, AMTD - TD Ameritrade Holding Corp., UCO - ProShares Ultra Bloomberg Crude Oil, I-R-As, SLB - Schlumberger Ltd., Riots & The Economy, CTL - CenturyLink Inc.
TRIVIA QUESTION: "The concept of interest rates on borrowed funds is NOT a creation of the modern world. Looking back over the centuries, HOW FAR can "historical economists" trace interest rates for loans?"
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold and Treasury Yields.
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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 Friday June 12th |
| 0:25.6 | 2020 and we've all been watching the market pretty volatile this week |
| 0:30.9 | pretty pretty huge day yesterday I'm sure Justin talked about it a while and you |
| 0:37.2 | know it was interesting to give a little bounce no one expected to retrace all that lost |
| 0:41.7 | yesterday that was just not going to happen. And it was in doubt |
| 0:45.2 | whether it was going to bounce. It bounced up nicely in the morning, gave it all back. |
| 0:48.3 | And then by the last hour or so it then came back, came back up. Did you get all excited about this big move up? |
| 0:57.6 | Because we have determined that this still is a bull market move, |
| 1:03.0 | move from the bottom, in a bear market. |
| 1:06.0 | In other words, we're in a bear market, |
| 1:08.0 | and there was a very strong bull market move in this bear market. |
| 1:12.0 | The only way it cannot be a bare market is when it breaks through the old |
| 1:15.7 | highs. Now the NASIK did, but the S&P and the S&P and the S.P. 500 and the Dow 30 did did not neither did the New York Stock Exchange Index, the broader exchange index. |
| 1:28.0 | But it was very interesting. It's been a very lightning, very unusual situation. |
| 1:34.7 | Just to expect more volatility. |
| 1:36.2 | You're going to have to learn to deal with more volatility. |
| 1:40.2 | And I heard that call yesterday, |
| 1:42.4 | calling to Justin, and he was talked a long time, wasn't sure, and Justin gave very sound advice. |
| 1:50.0 | You know, if you can't, if you can't comfortably non-emotionally deal with the volatility |
... |
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