07-31-2020: The U.S. Entered A Recession In February, Ending The Longest Expansion In Post-World War II History
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 31 July 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
From April through June, the U.S. economy experienced its biggest quarterly activity plunge ever, decreasing by 9.5%-- or by 32.9% on an annualized basis.
Today's Stocks & Topics: Apple Split, Critical Listening And Critical Reading, SSYS - Stratasys Ltd., MARK - Remark Holdings Inc., 401k Contributions, MET - MetLife Inc., IAU - iShares Gold Trust, SEDG – Solar Edge Technologies Inc., FB - Facebook Inc. Cl A, XLE - Energy Select Sector SPDR ETF.
TRIVIA QUESTION: "Measured in dollars, what is the approximate value of retirement assets held in 401(k) plans? AND--what is the average 401(k) plan account balance among participants in their sixties with more than 30 years of tenure?"
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold, Silver and Treasury Yields.
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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 it is Friday July 31st last day of the month |
| 0:28.1 | 2020. Well we made it through July Monday will be the first year any day of August and think about all |
| 0:36.0 | we've been going through. I mean this has been pretty a remarkable year so far and we're |
| 0:41.4 | not done. COVID- Global privacy is still out there. |
| 0:44.0 | Maybe we'll get a vaccine by the very end of the year, |
| 0:48.0 | maybe not, maybe next year. |
| 0:50.0 | As I said before, I'm pretty sure we're going to get it because there's just been too many cases |
| 0:54.4 | with different companies having positive results on their phase two and beginning of phase three results. |
| 1:01.4 | Phase one and two had very good results on a number of prospects. |
| 1:06.4 | So pretty sure that one of them is going to be, it could be more than one, |
| 1:12.1 | because there are different types of vaccines. |
| 1:15.0 | So I'm pretty sure we'll have it sometime, |
| 1:17.0 | if not this year late, you know, sometime during next year. |
| 1:20.0 | And we'll get past this closing and no schools and closing all of restaurants and |
| 1:27.5 | gyms and whatever else. His partial opening is you know has sprung back pretty good the economy not completely though so we'll talk |
| 1:35.6 | about some economic numbers here before the day is done so our day-to-day world |
| 1:40.9 | the stocks that's haven't up week, even though it was pretty good down |
| 1:47.2 | yesterday. I had some interesting news about Apple, the Split, I want to talk |
| 1:52.2 | about that a little bit more today. So the market is just |
| 1:56.6 | demonstrating a volatility and it's going to continue and as I said just expected for the |
... |
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