This podcast is produced by KPP Financial, Steve Peasley President,

KPP Financial, Independent thinking, shared success.

And now today's podcast.

Good afternoon fellow investors and welcome to Invest Talk. This is our Tuesday, October 6, 2020 edition of Invest Talk and we have begun the fourth quarter.

Earning season kicks off next week and looking back from today's vantage point to where we wore just a few months ago or even just a year ago, right, pre-Covin.

There's been a lot of gyrations and you could say the economy was doing well before,

then we had COVID, now we're restarted, and the CARES Act in April, March-April time frame that was

passed certainly got us to where we are today to some semblance of at least economic normalcy or

stability shall you say but it has been a wild ride.

And with Election Day, less than a month away,

we now have more political uncertainty and thus market uncertainty and the big I guess

bombshell you could say today was that President Trump backed away from negotiations with the House Democrats on another

stimulus package. And this caused the market to reverse pretty dramatically.

S&P was up 15, 20 points or so, modest update, and closed down 47 points which is a more than modest down day

pretty much relate erasing all of yesterday's gains almost in a blink of an eye.

And talked about this, how our economy is now going to be driven by Congress, which is kind of a scary thought, right, considering

how dysfunctional they are considering how they don't want to give in to the other side no matter how good

of an idea the other side might have.

If it's originated by the other side then tends to be a bad idea in their

eyes and that makes for it a difficult time coming to an agreement and you've seen that here right now.

Now both sides don't want to get in, give in because a Democrats have an election to win and both do but Democrats are even more

eager to wrestle power away from

...