meta_pixel
Tapesearch Logo
Log in
InvestTalk

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

Business News, News, Entrepreneurship, News Commentary, Business, Investing

4.41.5K 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.



Our Sponsors:
* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com
* Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me
* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai
* Check out Progressive: https://www.progressive.com
* Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com
* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com
* Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com
* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.com


Advertising Inquiries: https://redcircle.com/brands

Transcript

Click on a timestamp to play from that location

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

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.