09-22-2020: Opinion: The Markets Are Entering Their Most Treacherous Season
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 22 September 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Since 1952, the Dow industrials have averaged a 0.8% decline in presidential election years, while the S&P 500 index averaged a 0.7% drop.
Today's Stocks & Topics: EXC - Exelon Corp., Roth I-R-A in Your 60s, Home Sales, The Election and Older Americans, Real Assets, EPD - Enterprise Products Partners L.P., BTI - British American Tobacco PLC ADR, WBA - Walgreens Boots Alliance Inc., CWH - Camping World Holdings Inc. Cl A, EXPI - eXp World Holdings Inc., BPYU - Brookfield Property REIT 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 |
| 0:29.5 | Tuesday, September 22nd, 2020 edition of Invest Talk, and I welcome all of you to the show today |
| 0:38.4 | and I'm excited to get to work with you. |
| 0:44.2 | And when I say with you, I mean that, |
| 0:46.1 | because you are as much of a part of the show |
| 0:50.1 | as I am, or Steve is, because you are a very important part of what drives the topic of |
| 0:59.2 | discussion on today's show and every day. |
| 1:03.4 | So today was quite the volatile day in the market. |
| 1:08.8 | Started off down and then ended up. |
| 1:12.1 | And it was also the first day of autumn. |
| 1:20.0 | We know that summer is behind us and we have just what, less than 40 days, I think it's month and a half until the election. |
| 1:32.0 | And September... month and a half until the election. |
| 1:33.0 | And September so far is on its worst track since, |
| 1:40.0 | or worse than nine years, worst year in nine years since 2011. |
| 1:46.2 | And we've seen a resurgence of COVID cases in the UK and other parts of Europe and you're trying to see an |
| 1:56.0 | uptick here in the United States. We see all resurgence of COVID cases and what will that ultimately mean? |
| 2:05.8 | Will it mean more shutdowns? I don't think so. I don't think that the |
| 2:20.0 | political will, at least here in the United States, is for more widespread shutdowns. |
| 2:21.7 | This doesn't feel that way to me. But what that could mean still is less |
... |
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