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InvestTalk

06-30-2020: 7 Reasons The Stock Market May Face A Severe Bout Of Turbulence

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

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

4.41.5K Ratings

🗓️ 30 June 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

The ride from here could soon get a lot bumpier and the coronavirous is only one anticipated cause. 




Today's Stocks & Topics: The European Union, Ways to Build a Retirement Nest Egg, Gold, NBR - Nabors Industries Ltd., CYRXW - CryoPort Inc. Wt, GOOG - Alphabet Inc. Cl C, PCG - PG&E Corp., HYSR - Hypersolar Inc., Diversification, Albertsons IPO, IBM - International Business Machines Corp., CM - Canadian Imperial Bank of Commerce.




TRIVIA QUESTION: "Considering the gold reserves of LARGEST gold holding countries worldwide, WHICH country has the greatest gold reserves in their possession? AND--with regard to U.S. central bank holdings, gold reserves constitute WHAT PERCENTAGE?"



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Transcript

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0:00.0

This podcast is produced by KPP Financial, Steve Peasley President,

0:10.3

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 Tuesday June 30th

0:25.0

2020 and you know this is a shortened trading week holiday trading week for us Friday

0:31.8

will be closed for the 4th of July holiday so holiday

0:33.4

holiday for us.

0:34.4

So, you know, because of that and because of what's going on,

0:38.4

I know, that's gonna be pretty volatile.

0:40.2

We've had two very good days.

0:41.8

Two very good days for a week that shortened and I don't know it seemed like it's unusual to have those two very good days.

0:49.7

So we'll see what the rest of the week, well the rest of the week being only two more days. We'll see what that rest of the week well rest of we being only two more days we'll see what that

0:54.1

brings us. Remember we just started to get some decent economic reports about the

1:00.4

reopening and you know we're getting some good numbers coming in not great they're not great even though they might be record numbers they're not great because they're still

1:09.6

you know from coming from a very lowest place. So don't get too excited about the headlines

1:15.2

that we're all back and really roaring or not. We're just doing much better than we were

1:20.1

when the whole thing was closed down, the whole time was closed.

1:24.0

But they are getting better and the economy is going to get better.

1:28.0

I just state that.

1:30.0

However, we also have, you know, the COVID crisis starting to pick up again.

1:37.6

The cases are picking up all across the country and some of the state governors are getting

1:42.2

nervous and starting to tighten screws again on the economy.

...

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