10-19-2020: Fund Manager Warning: ‘Young And Dumb’ Traders Have Created A ‘Total Nightmare’ In The Market
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 19 October 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Millennial buying and risk-taking in August and September was a phenomenon of record proportions.
Today's Stocks & Topics: OKE - ONEOK Inc., State Taxes, GE - General Electric Co., IBM - International Business Machines Corp., Thematic Growth ETFs, MTB - M&T Bank Corp., Closed-end Funds, NMZ - Nuveen Municipal High Income Opportunity Fund, NKLA - Nikola Corp., STWD - Starwood Property Trust 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, |
| 0:28.3 | October 19th, 2020 edition of Invest Talk and tomorrow marks only two weeks until election day and |
| 0:37.0 | we know there's going to be a lot of market gyrations and news hitting the |
| 0:41.8 | wire and it's going to be a wild fourth quarter just like it's been a pretty wild year |
| 0:48.6 | so far and we know that you need and want strategies to help deal with this volatile market |
| 0:57.8 | environment and how to compensate for the various risks that are out there. |
| 1:03.3 | Now I'm Justin Klein, and today on this program and |
| 1:06.8 | podcast, I will do my best to provide you with unbiased answers |
| 1:09.5 | to your finance and investment questions. We're here. |
| 1:14.0 | We're ready to take your calls at 8899924270. |
| 1:18.0 | Whatever is on your mind, money related, |
| 1:21.0 | we'd love to hear from you and I can give you some information and |
| 1:24.8 | perspective and help you develop the right strategy and frame of mind most |
| 1:29.5 | importantly. Now the market today was down decent almost 2% on the S&P the NASDAQ was down |
| 1:38.9 | What's that? Yeah about the same little, little more. |
| 1:43.0 | And overall, a couple factors. |
| 1:45.6 | One is a continued gamma hedging unwind |
| 1:48.6 | from the big banks. |
| 1:49.8 | It talked about this before about all these speculators buying short-term call options and guess what? |
... |
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