06-24-2020: Analyst: When The Stock Market Is This Overvalued, It Is Usually Lower 12 Months Later
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 24 June 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
The premise: The market could be in trouble after its historic surge from the late-March lows as valuations become increasingly elevated.
Today's Stocks & Topics: Investing Themes, Impossible Foods, Gold, House Prices, O - Realty Income Corp., I-R-A, BBDC - Barings BDC Inc., UUP - Invesco DB US Dollar Index Bullish Fund, SOLO - Electrameccanica Vehicles Corp., Retirement Accounts, The Dollar, NIO - NIO Inc. ADR, AMZN - Amazon.com Inc., BYND - Beyond Meat Inc.
TRIVIA QUESTION: "Gold today is still used by many large banks and they like to store their liquid reserves as gold. But, for the rest of us, HOW DOES the practical use of gold for various applications-- like jewelry or electronics-- break down by percentage?"
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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. |
| 0:20.0 | Welcome to Invest Talk. It is Wednesday. Good afternoon everybody |
| 0:22.8 | everybody welcome to Invest Talk it is Wednesday June 24th 2020 and of course we're seeing the market |
| 0:29.3 | to continue its volatility it's going to continue everybody. Just get used to it. It's just going to happen. |
| 0:36.8 | It looked like the market came right up too close to its highs. If you're looking at the index, |
| 0:42.1 | the NASDAQ, the SOP and the Dow, |
| 0:45.3 | Okay, and Nasak exceeded its old high. |
| 0:48.0 | The down the SFP did not. |
| 0:50.3 | But if you look at the entire New York Stock Exchange, it did not. It is not nearly strong. |
| 0:55.0 | And probably because the index, the S&P5 or the NASDAQ, of course are being pushed up by the big tech stocks. |
| 1:04.2 | They dominate those index. |
| 1:07.0 | So, but I just think we need to expect more volatility |
| 1:10.8 | and just kind to continue. |
| 1:13.0 | Now today on the program I will do my best to give you unbiased answers to any financial |
| 1:18.0 | questions you have. |
| 1:20.1 | Any kind of financial questions you want to talk about. |
| 1:22.7 | Strategies, how to deal with this volatility, |
| 1:26.6 | most of you like me to look at stocks and tell you a little bit about them. |
| 1:30.2 | Any financial question. |
... |
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