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

KPP Financial, Independent thinking, shared success.

And now today's podcast.

Good afternoon fellow investors and welcome

to Invest Talk. This is our Monday, July 13th, 2020 edition of Invest Talk and I think a fairly momentous day for various reasons

But the big reason was we had quite the turnaround in markets and it was mainly in regards to growth stocks.

Growth stocks had a big, big rollover, the NASDAQ had a big rollover, and if you watched my YouTube market analysis on Friday you'll

see that kind of talked about that that even though the market was generally

fine on Friday there was a big dispersion between growth and value stocks

that you hadn't seen in a while, where growth stocks drastically underperformed in a big way on Friday even though all the indexes

were up and you had a pretty big follow-through today. they try to recover it earlier in the day and you

know you had the rollover and your Tesla's of the world and your Google's of the world.

All these growth stocks had a pretty big inflection point.

And you'll know, based on that video on Friday,

was that the markets is heavily, heavily weighted towards the Fang names, right, these growthy names.

And if they reverse, then the market is likely to reverse.

Now what's interesting about that is this coincides with, at least here in California, right?

We're the, I believe they're the largest state economically.

It was announced by Gavin Newsom, our governor,

that we're shutting down a bunch of different type of, there is I'm just pulling it up here, a bunch of different type of indoor operations, fitness centers, places of worship, non-critical offices, personal care services,

hair salons, barber shops, and malls.

So these will all be shut down for least the time being.

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