08-19-2020: Will The Stock Market Close At A Record High By The End Of August?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 19 August 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
One analyst has made the point that the S&P 500, on average, has hit new highs 8 days after closing within 1% of its record.
Today's Stocks & Topics: Gold Correction, Inheriting Money, LHX - L3Harris Technologies Inc., CSCO - Cisco Systems Inc., GRWG - GrowGeneration Corp., AMZN - Amazon.com Inc., SEDG – Solar Edge Technologies Inc., REYN - Reynolds Consumer Products Inc., Limit Order, BEPC - Brookfield Renewable Corp., Google & Unemployment Claims.
TRIVIA QUESTION: "How MANY stock splits has Microsoft had since it first went public in March of 1986? AND-- what was Microsoft's IPO price on trading day 1?"
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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 | Hello everybody and welcome to Invest Talk. It's Wednesday, August 19th, 2020. |
| 0:27.0 | Of course, summer is moving my pretty fast. You know, you know, |
| 0:31.0 | you know, we have left in the month of August and we're going to be in September? |
| 0:35.0 | Not very many, I think it's eight. |
| 0:39.0 | Eight. Labor Day is around the corner. |
| 0:42.0 | It's the first holiday in September, first Monday in September. |
| 0:46.0 | That's the 7th this year. There are also many of the things that are different this year, right? |
| 0:52.0 | Mostly thanks to COVID-19 I just I hate that I hate it just like you know I just really |
| 0:58.7 | in many different ways and I think it's fair to say that due to the COVID crisis, the economic shutdown and the resulting market |
| 1:07.6 | volatility has put us all in a tell spin. |
| 1:11.1 | You know, the normal things that us quote-unquote experts look at don't seem to be too normal. |
| 1:18.0 | This COVID thing and purposely shutting down the economy is it's a new ballgame. |
| 1:24.1 | When's the last time you ever heard that happen? |
| 1:26.0 | When is the last time it ever happened? |
| 1:28.3 | Never. |
| 1:29.7 | Never. |
| 1:31.5 | So how do we know turning back on the economy is going to work like a normal recovery |
| 1:38.6 | from a recession? We don't. So it's an artificial recession put in and now we have a recovery going on. |
| 1:45.0 | We don't know how it's going to act because we don't know what we've never had this experience before. |
| 1:49.3 | And COVID-19 may come back. |
... |
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