08-24-2020: Fund Manager: Why Stock Prices Are 'Unsustainable'
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 24 August 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
One opinion asserts that we have never seen stock prices at such extremes while they coincide with the current degree of uncertainty.
Today's Stocks & Topics: Foreign Stocks, Cash Flow Per Share, Gold & Silver, ELY - Callaway Golf Co., VFIFX - Vanguard Target Retirement 2050 Fund Investor, VZ - Verizon Communications Inc., RKT - Rocket Cos. Inc., S-3 Filling, Pullback or Correction, AMZN - Amazon.com Inc., Outstanding Shares, Price Per Earnings.
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.3 | KPP Financial, Independent thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon fellow investors and welcome to Invest Talk. This is our Monday, August 24th, |
| 0:29.1 | 2020 edition of Invest Talk and we're only five more trading days remaining in the month of August and |
| 0:38.8 | We know there's been it's been a volatile year both I'm sure but both socially financially for many people and for the markets as well |
| 0:49.5 | Now a lot of people will say we are in a better place than we were a few months ago and that's |
| 0:55.0 | certainly true and that's a great thing. |
| 1:00.6 | But that does not mean we aren't without our risks. |
| 1:04.0 | And the big question in today's market is, what are those risks exactly? |
| 1:10.0 | It's kind of a confusing time, right? |
| 1:13.5 | Because you have the tech stocks doing very well. |
| 1:19.0 | Because people were working from home, life was more limited, now that's kind of turning around a little bit. |
| 1:27.1 | Things are opening back up. |
| 1:29.0 | Life's getting a little bit more back to normal, except for the roughly 15 20% of the population that remains out of work. |
| 1:40.3 | And you know a lot has happened from a fiscal perspective |
| 1:46.1 | over the past six months or so. |
| 1:51.0 | You have the Fed pivot to unlimited QE, which they kind of did last September anyway, but they issued |
| 2:00.0 | swap lines. |
| 2:01.1 | They did a lot to keep the system liquid. They didn't want, they can |
| 2:09.0 | solve a liquidity problem by putting dollars out there into the system and that gets around and |
| 2:14.6 | those that need it get their hands on the dollars and that's why you've seen the |
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