08-21-19: Big Tech Is Back In Regulatory Cross-hairs, And One Stock Could Be Especially Vulnerable
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 21 August 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
With varied performances for 'FAANG' stocks in recent weeks, the prospect of increased regulation is coming back to haunt Big Tech.
Today's Stocks & Topics: Housing Market Data, 500 Thousand Fewer Jobs Created, Deflation, Roth I-R-A, Gold: $1,512 per ounce, Oil: 57.03 per barrel, 10-year Treasury Yield: 1.56%, 30-year FIXED Mortgage Rate: 3.6%, Bitcoin:$9,951, Day Trading, BLPCX - American Funds Moderate Growth and Income Portfolio C, Mortgages, Recession & Interest Rates, BABA - Alibaba Group Holding Ltd. ADR, ATVI - Activision Blizzard Inc.
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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. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk it is Wednesday August 21st |
| 0:26.4 | 2019 and of course there's been a lot of news a lot of things happening the |
| 0:31.8 | mark was up today and it's been volatile. It's been very very volatile up down up again. I mean and we're still in the midst of the correction. We haven't worked our way out of it yet and I don't think we're going to do it anytime soon |
| 0:45.6 | So don't expect it just don't we're going to be working through this for a bit |
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| 1:09.4 | and predict the economy has told us |
| 1:11.6 | what the market generally does when the economy does X, the stock market |
| 1:15.9 | does Y. But there's no real predicting that. You can say the market's overvalued. You can say the market has normally has a 10% |
| 1:25.0 | correction when it corrects you can because those are historical norms but you |
| 1:29.8 | just never know for sure never you just never know. So don't ever believe it when someone tells you that |
| 1:38.2 | they know what's gonna happen. They don't. I don't. Anyways I'm Steve Peasley and I thank you for joining me today and I hope you'll call me and drive the show wherever direction you want to go along as it's financial. We'll go there. |
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