10-02-2020: Historical Records Teach What Generally Happens After A Brutal September Market
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 2 October 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Dow Jones Market data suggests that September losses don't have to translate into further October carnage.
Today's Stocks & Topics: BUD - Anheuser-Busch InBev S.A. ADR, XOM - Exxon Mobil Corp., Trading History, PLUG - Plug Power Inc., JP Morgan Faces Fines, KERN - Akerna Corp., PNW - Pinnacle West Capital Corp., NIO - NIO Inc. ADR, The Fitness Industry.
TRIVIA QUESTION: "I am thinking of two examples of famous stocks-- one has failed, the other is doing well. BOTH companies were organized a long time back-- CAN YOU NAME my 'history spotlight' stocks?"
HINT: One is from the retail sector, the other from technology.
Plus: Key Benchmark Numbers and Market Comments for: Treasury Yields, Gold, Oil and Gasoline.
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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 afternoon everybody and welcome to Invest talk it is Friday October 2nd |
| 0:25.2 | 2020 and of course that means we started the second quarter I mean the fourth |
| 0:30.2 | quarter third quarter is over fourth quarters upon us. So it's been a bad year. |
| 0:36.7 | I mean as far as the economy is concerned we have voluntarily shut down our economy because of |
| 0:41.5 | COVID-19. We're trying to re-ignite it and that's |
| 0:45.0 | what's been in the process for several months now. You know, here it's October, we shut the economy down in March and then we've learned a lot about the virus |
| 0:59.2 | and we've been trying to reopen it as safely as possible. And, you know, it's just been a struggle. The stock market initially |
| 1:06.7 | fell hard, right? 35 plus percent, and it's been working its way back. The overall market is still down for the year and still down from where from the high it made. |
| 1:20.0 | The NASDAQ, the big cap tech stocks have led the way out, which they generally do. |
| 1:30.0 | And they've gotten very overvalued and we just recently had a pullback and we're still dealing with that pullback. |
| 1:36.0 | That's what's happening. |
| 1:38.0 | I'm Steve Peasley and today and in the program this podcast I will do my best to provide unbiased answers to your |
| 1:44.8 | finance and investment questions. I know you want strategies to help deal with |
| 1:48.8 | the volatility. I am here and I will help you as much as I can but you got a call. |
| 1:54.6 | This is the call and show. |
| 1:55.8 | 88899 chart is a number. |
| 1:58.9 | And it is Friday so therefore you know on Friday as I usually give you some highlights from the |
| 2:03.4 | KPP premium newsletter sometime this hour so I will be doing that the market was |
| 2:09.4 | down today and actually did quite well from the opening. |
| 2:13.8 | Cuz it was down like four or five hundred points |
... |
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