08-31-2020: No End To Summer Surge: Homebuyer Mortgage Demand Has Spiked By 33%
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 31 August 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Pent-up demand, a stay-at-home mindset, diminished inventory, and low mortgage rates are adding fuel to the fire.
Today's Stocks & Topics: New Retail Accounts, Weak Dollar, Retirement Funds, Bonds & Yields, 401k, PTON - Peloton Interactive Inc., FCX - Freeport-McMoRan Inc., Retirement Allocation, BA - Boeing Co., FNF - Fidelity National Financial 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. |
| 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 31st, 2020 edition of Invest Talk and guess what? |
| 0:33.0 | August is now in the record books. |
| 0:36.0 | We have finished the last trading day of the month |
| 0:41.0 | and tomorrow we turn the page on September and then |
| 0:44.1 | guess why we're almost into the final quarter of the year. It's been quite the |
| 0:50.4 | year and there's been a lot of volatility even today for example headlines |
| 0:57.4 | are gonna talk about Tesla and Apple and their stock splits that's what everyone's |
| 1:02.3 | talking about right a lot of |
| 1:04.5 | young inexperienced investors jumped in to those shares today thinking oh my |
| 1:10.0 | God the companies are cheaper but in fact they're not. |
| 1:15.0 | But the market was down, S&P was down a little bit, about 2 10 to 1%. |
| 1:24.0 | The NYSE, the broader indexes, |
| 1:27.9 | down about 1% on the day. |
| 1:30.5 | So a modest down day to end the month. |
| 1:34.0 | And the question is, will it carry into September, |
| 1:38.0 | which historically, August and September are fairly poor months for the market. |
| 1:44.0 | Now this August was not. |
| 1:48.0 | Go to show you can't just use |
| 1:50.0 | seasonality data on its own. But taken together that's August and September of the two |
... |
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