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

KPP Financial, Independent thinking, shared success.

And now today's podcast.

Good afternoon everybody and welcome to Invest Talk. This is our

Thursday July 23rd 2020 edition of Invest Talk and we're moving fast through the month of July

only six trading days left in the month and I started off Monday's show talking about the reversal of the

reversal in growth stocks and the tech stocks last week we had had a pretty big reversal where growth drastically underperformed the value

side of the marketplace.

And that was kind of the first shot across the bow when it came to that divergence because for

since basically the Fed started loosening policy in September of last year, growth had outperformed value.

Well, last week was the first major reversal of that.

And Monday, we tried to reverse that, right?

Growth had a big resurgence, but basically for the last three days,

it reversed all that and then some.

So you're really starting to see this phase shift at least in the near term

now the the longer term trend hasn't broken but it's it's telling to me you know you had earnings from the likes of Tesla and

Microsoft and both were down pretty good today and it's showing you that those

expectations have been built in.

The expectations of their earnings were drastically built in and by the rumor

kind of sell the news type of event. On top of that you have inflation

expectations rising dramatically. Tips are just absolutely crushing normal

treasuries because of that rising inflation expectation and the falling dollar.

...