07-28-2020: Analyst: What The Fall Of The U.S. Dollar Means For The Stock Market
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 29 July 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Opinion: Barring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more.
Today's Stocks & Topics: Stimulus Package, The Fed & Lending Facilities, LKNCY - Luckin Coffee Inc. ADR, SHLL - Tortoise Acquisition Corp. Cl A, CHAP - Chaparral Energy Inc., TSLA - Tesla Inc., CSIQ - Canadian Solar Inc., SOLO - Electrameccanica Vehicles Corp., UBER - Uber Technologies Inc., KO - Coca-Cola Co.
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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, and now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. This is our Tuesday, July 28th, |
| 0:29.9 | 2020 edition of Invest Talk. I appreciate you all for being here in this hour and we have a lot to cover |
| 0:38.8 | a lot of news items and |
| 0:41.6 | Interesting insights in the market today. |
| 0:45.4 | We had home price index come out today. |
| 0:49.3 | That was down ungrowth from last month but still relatively strong housing market. |
| 0:57.0 | We had a continued rollover in growth stocks today. We had gold and the dollar hitting headlines today |
| 1:09.2 | finally after you know this kind of reminds me of that old adage that when you see in |
| 1:20.0 | the media you're too late. Now, does that mean you're too late on gold stocks or the |
| 1:24.4 | fact that the dollars are declining? No I think the fundamental backdrop still |
| 1:27.6 | remains very strong but these are sentiment indicators. |
| 1:33.0 | Sentiment indicators and often sentiment indicators are very strong signals that, you know, maybe we've gone too far too fast. |
| 1:46.4 | It's possible. |
| 1:48.4 | We're gonna talk about that. |
| 1:50.1 | And COVID cases actually are starting to decline. |
| 1:55.8 | That's been a good thing. |
| 2:00.2 | We have the election 98 days now, I believe, away. |
| 2:04.0 | Biden announced that he's going to give his VP pick next week. |
| 2:08.0 | So certainly, that may be a market mover depending on how the market accepts |
| 2:18.0 | Denomination or accepts the pick whether that is |
... |
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