11-04-2020: Opinion: The Biggest U.S. Banks Aren’t As Strong As They Look
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 5 November 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
In spite of being boosted by capital-relief measures and massive market support from the Federal Reserve, an advocacy group claims the largest U.S. banks are less healthy than they appear.
Today's Stocks & Topics: LRCX - Lam Research Corp., The Bank Sector, Fed Meeting, Marijuana Stocks, Ready to Retire?, Earnings Per Share, VTV - Vanguard Value ETF, Shorting, AMZN - Amazon.com Inc., AMD - Advanced Micro Devices Inc., Robo-Advisors.
TRIVIA QUESTION: "Looking back in the country's history, do you think a LARGER percentage of the eligible voting population came out in the presidential election of 1860 (when Lincoln won)-- or in 1960 (when Kennedy won)?"
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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. I do appreciate you being with me. |
| 0:26.0 | It is Wednesday November 4, 2020, day after election day, even though we don't have any result yet, but we'll get one. |
| 0:36.3 | You know, it's a wild thing that we've been going through. What really is interesting |
| 0:39.8 | how the market's reacting to this, this you know non decision from the election |
| 0:45.9 | the market was very strong and it started that way pre-market about one or two clock a. AM. How do I know that? Because I was awake. |
| 0:55.5 | That's how I know that. Anyways. So we don't know who won yet. There's probably |
| 1:01.5 | going to be litigation. We probably won't know for a few days to a week. I don't know. It may take time. So therefore there's going to be a lot of uncertainty and that means the market's going to be volatile. |
| 1:13.0 | Right now it's up volatility, up very big volatility, up. |
| 1:16.0 | And remember, the market likes, it likes knowing what, it doesn't like change it doesn't like being surprised it |
| 1:27.9 | doesn't like anything that is is out of the norm. |
| 1:34.0 | The market likes Gridlock in Washington. |
| 1:36.9 | I think, this is my conclusion, I think it likes the fact |
| 1:42.4 | that there may be a Democratic president and a Republican |
| 1:46.0 | Senate and notice that the House lost Democrats lost some seats in the House. |
| 1:52.0 | So the market likes that gridlock, nothing |
| 1:54.8 | dramatic is going to happen. So I might be one of the reasons why it's up. I don't |
| 2:00.0 | know for sure. That's just a speculation on my part but expect more volatility everybody |
| 2:05.3 | I'm Steve Peasley and today in this program and podcast I will do my best to |
| 2:10.0 | provide you unbiased answers to your financial and investment questions. |
| 2:16.5 | And I know you want strategies, you want stocks, you want opinions on those things, |
... |
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