08-21-2020: Bondholders Fear California Blackout Threats And Surging Wildfires
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 21 August 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Bond investors are concerned about California’s heat wave, rolling blackouts, and wildfires as the state struggles with its worst power crisis in nearly two decades.
Today's Stocks & Topics: House Sales, IHS Markit Report, Russian Politics,
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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 evening everybody, how are you? this is Steve Peasley welcome to invest talk it is Friday August 21st |
| 0:27.6 | 2020 that means we're about two-thirds the way through August and we'll be the last |
| 0:35.1 | week in September six more trading days anyways there are many things that are different about this year, mostly due to COVID-19, right? |
| 0:46.6 | Mostly. |
| 0:47.6 | But it's also a presidential election year, which comes around once every four years. |
| 0:52.2 | So it's pretty safe to say that it's been pretty difficult years, |
| 0:57.4 | especially with a shutdown of the economy completely. |
| 1:01.1 | And of course that then crashed the market and the market's been working up |
| 1:05.6 | every since then. It's now at a couple of new highs not the overall market by |
| 1:10.4 | the way just so you know if you look at NYSC is not there but the |
| 1:18.0 | NASDAQ is of course blue past its old high weeks ago because of the Fang stocks, Facebook, Apple, Netflix, Google, |
| 1:28.2 | Microsoft, those stocks have been really driving the market. I mean when you have a stock like |
| 1:33.8 | Apple is two trillion dollars close to it in market cap and it's and the prices of these things, now when Apple splits, like when that happens, they won't be so |
| 1:50.0 | influential on some of the indexes. |
| 1:54.6 | Because some are price-weighted. |
| 1:57.1 | Price-weighted. |
| 1:58.2 | So it's just, you know, you don't get a complete picture, |
| 2:02.0 | but that's all the report on the news outlets. |
| 2:04.3 | SB 5 or the Dow and the NASDAQ, those three are their main |
| 2:08.8 | main indexes, they quote. It's not all, it's not true. I know With the splits I think it might help some of the index has become more |
... |
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