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 Thursday July 16th 2020 edition of Invest Talk and as always the markets are interesting the world is

interesting right now and we had our first big tech earnings announcement after the bell today and that was Netflix

and they're down about roughly 10% or so on the news and I think that's an interesting start. Right, we're starting

earnings season. There's been a lot of optimism around the reopening and around stimulus packages.

But there's also still a lot of uncertainty.

I talked, I believe it was Monday on how disperse the earnings estimates are compared to normal, right?

And what that means is the market is operating in a murky environment, understandably.

And so as earnings come in,

that's going to really, think impact the the market more than usual

because there's more surprises around the corner. The dispersion of analysts' estimates are so wide that you never know what the market is actually pricing in,

as opposed to when they are more narrow, the market kind of knows what to expect.

So that's going to be very interesting.

And then guidance. What are they seeing?

What are these companies seeing with the reopening?

With stimulus packages, with what the back half of the year in the business community is going to look like.

Now we had the PPP loans, a lot of companies, especially large companies, got it because they had the best

relationships with the banks, and that's the earnings you're going to hear about.

Are those large companies that were able to access that those PPP loans.

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