08-03-2020: Strategist: Blowout Earnings Show Big Tech Dominates Our Economy But 10% Of Lost Jobs May Never Come Back
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 3 August 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Apple, google, Facebook, and Amazon have products and services that can be used from home, and increasingly so in the absence of real-world shopping and leisure competition.
Today's Stocks & Topics: Presidential Election, The Dollar, CVS - CVS Health Corp., Lazy Portfolios & ETFs, VLO - Valero Energy Corp., How to Read the Market, INTC - Intel Corp., KR - Kroger Co., SFM - Sprouts Farmers Market Inc., Negative Yields, CSWC - Capital Southwest Corp., AMD - Advanced Micro Devices Inc.
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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 fellow investors and welcome to Invest Talk. This is our Monday, August 3rd, 2020 edition of Invest Talk and you know what that means. We are exactly three months |
| 0:39.0 | away from Election Day. Three months. |
| 0:44.0 | So we are in the month where we're going to have the Democratic, a Democrat and Republican |
| 0:52.1 | conventions and Democratic Democrat and Republican conventions. |
| 0:54.0 | And there's going to be quite the battle, |
| 0:58.6 | quite the battle, which there's already a battle going on |
| 1:02.3 | in Washington, and it's in Congress over the next stimulus package, and that is also a battle that will move markets. |
| 1:12.0 | Whenever you are moving around trillions and |
| 1:17.4 | fighting over hundreds of billions, right? |
| 1:20.2 | That's basically what they're doing, right? |
| 1:21.5 | The one to three trillion, and there are hundreds of billions |
| 1:25.7 | of dollar increments at play here. |
| 1:29.1 | And that's a lot of money. |
| 1:31.1 | I know throw around these big numbers but every dollar counts both towards the |
| 1:40.8 | debt and towards putting money to work in the economy today. So the market's |
| 1:46.5 | going to react to that. The market's going and not just saying the equity markets, right? |
| 1:53.4 | The dollar is going to react to how much they spend. |
| 1:57.4 | Interest rates are also likely to vary depending on how much they spend, break even inflation rates, |
| 2:09.0 | earnings expectations in the market. Picious metal prices. |
| 2:15.0 | Other commodity prices, depending on what the package contains. |
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