10-09-2020: Hedge-Fund Manager: Don't Miss Out On A ‘Generational Opportunity’ In The Market
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 9 October 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
The theory predicts that most cyclical sectors will grow earnings at a faster pace than the S&P 500-- could it be right?
Today's Stocks & Topics: BAC - Bank of America Corp., MMP - Magellan Midstream Partners L.P., QDEL - Quidel Corp., Value & Growth Stocks After Election Day, Google & You Tube, Stimulus Talks, Put Options, PSI - Invesco Dynamic Semiconductors ETF, IYG - iShares U.S. Financial Services ETF, SQ - Square Inc. Cl A, Profits, IIPR - Innovative Industrial Properties Inc.
TRIVIA QUESTION: "What is the average net worth of American FAMILIES-- and looking at the data by LOCATION, which group has a higher net worth-- people that live in URBAN settings or residents of RURAL areas?"
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 | Hello everybody and welcome to Invest talk it is Friday October 9th |
| 0:24.8 | 2020 and we're in the fourth quarter. Earned reports are going to start trickling |
| 0:29.7 | and then pouring in the next few weeks and we'll get some sense on some of the earnings. I think you're going to see a very bifurcated type of earnings. Some industries like the airline and the hotel and restaurants are going to be looking really bad. |
| 0:46.0 | Other industries looking really good. |
| 0:48.0 | So I think it's going to be that kind of result. |
| 0:51.0 | So it's going to produce a lot of, you know, anxiety and a lot of volatility, just the way it is. |
| 0:59.3 | Okay, it's just the way it is. |
| 1:02.4 | So, over the next two weeks, we'll see what's going to bring us. What |
| 1:05.5 | it'll bring us? Back in the 1960s there was very popular hit song called |
| 1:10.4 | what a difference a day made 24 Little Hours, the singer was a lady called Diana Washington back in 1959. |
| 1:19.0 | So now we look at what today, look back a year ago, what a year ago what a what a year a different year makes right I mean can |
| 1:28.1 | you believe with the difference from a year ago to today it's just it just is amazing. Now the song, the famous song, I don't know if you remember it, some |
| 1:37.8 | of you may have, most of you younger people. They talked about a lighter day due to a new romance, but in our current economic |
| 1:46.1 | environment the difference is not that great. I do think we're going to have a |
| 1:50.4 | great next year. I do, I do, but it's going to have a great next year. I do, but it's going to take a while to get there. We are now |
| 1:56.4 | less than a month away from election, got a lot of political uncertainty, a lot of different market dynamics, and of course how can you not, you know, talk about |
| 2:06.0 | COVID-19, the geopolitical tensions, you know, it's going to cause a lot more uncertainties, just that's the way it's going to cost a lot more uncertainties. |
| 2:13.4 | That's the way it's going to be. |
| 2:14.7 | And uncertainty means volatility for us investors. |
| 2:19.2 | It's got to learn to compensate. |
... |
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