06-25-2020: IMF Slashes Its Global Economy Forecasts And Warns Of Soaring Debt Levels
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 25 June 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
The U.S. economy is expected to contract by 8% this year and the IMF fund has cautioned that its forecasts are surrounded with unprecedented uncertainty.
Today's Stocks & Topics: DGLY - Digital Ally Inc., Portfolio ETFs, Stock Prices, AMZN - Amazon.com Inc., QCOM - Qualcomm Inc., Mortgage Market, HQY - HealthEquity Inc., VTV - Vanguard Value ETF, The Price of Gold, IVR - Invesco Mortgage Capital Inc., Annuities.
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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 fellow investors and welcome to Invest Talk. This is our |
| 0:26.2 | Thursday June 25th 2020 edition of Invest Talk and I thank you all for tuning in on this fine day. It's still a lot going on, |
| 0:38.3 | it's still a lot of cross currents in the markets from obviously the pandemic. You have an election |
| 0:48.6 | season that's starting to ramp up here and you have stimulus coming out of Washington and really governments |
| 0:58.7 | throughout the world. So your job is to know whether you should buy the dips or you should lighten up your positions or should you change your investment strategy as a whole? |
| 1:14.0 | Just like in politics today, a lot of people try to take one side or the other. |
| 1:21.0 | They should all in or all out, |
| 1:23.3 | and just like most things, there's probably a place |
| 1:28.1 | in the middle that is more a sense of reality |
| 1:31.7 | of what you should and shouldn't be doing. |
| 1:33.6 | Now the first goal for you as investors |
| 1:38.0 | define your objectives, your goals. |
| 1:41.1 | And then this time. your goals. |
| 1:50.0 | And then this time of uncertain waters, you need to be able to navigate that effectively in accordance to your particular risk tolerance. |
| 1:55.0 | Now today on this program I'm going to do my best to give you unbiased answers to your finance and investment questions. We're going to talk about strategies, |
| 2:05.9 | current events. We're going to answer a lot of questions on individual stocks, |
| 2:13.4 | but I always try to broaden them out as much as possible. |
| 2:17.4 | To help everyone kind of learn about how |
| 2:20.0 | to analyze a company, an industry, what the risks and rewards are of a particular type of position. |
... |
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