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InvestTalk

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

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K 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

Click on a timestamp to play from that location

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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