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InvestTalk

11-23-2020: Treasury Secretary Mnuchin Says 'There’s Plenty Of Firepower' Remaining

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

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

4.31.5K Ratings

🗓️ 24 November 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

Steven Mnuchin downplayed his decision to pull the plug on several Federal Reserve programs, saying there’s enough money around to provide funding where it is needed.



Today's Stocks & Topics: MPW - Medical Properties Trust Inc., Value Stocks, SBRA - Sabra Healthcare REIT Inc., Post-Covid World, Very Expensive Stocks, Dividend Cuts, Gold, 401k, Taxable Accounts, RGEN - Repligen Corp., GILD - Gilead Sciences Inc., AVLR - Avalara Inc., CCL - Carnival Corp.



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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 fellow investors and welcome to Invest Talk. This is our Monday, November

0:28.6

23rd, 2020 edition of Invest Talk. Yes it is Thanksgiving week. It means the holidays are in full

0:36.9

swing and markets are in full swing as well. A lot of rotation in the market right now with more news about

0:50.6

another vaccine that looks pretty promising. So we now have three that

0:55.8

look effective. The question is how safe are they, how easy are they to roll out.

1:01.1

So those are the future answers or future questions, however you want to

1:07.0

put it, and the market is starting to try to answer that for itself.

1:14.0

Right?

1:15.0

And, you know, the more options there are for a vaccine,

1:19.0

the better likelihood we will reopen in three months, six months, nine months, and get back to some

1:25.7

semblance of normalcy and that's what the market is starting to rotate into.

1:29.7

That doesn't mean that the uncertainty goes away.

1:35.0

There's always some level of uncertainty.

1:39.0

Today's world, certainly a heightened level.

1:42.0

But what's also certain is that there will be

1:45.8

stimulus measures of some kind. Now our main focus point today discusses

1:51.9

kind of that one of the recent stimulus measures that will

1:57.7

expire at the end of the year and that'll be an important maybe a marker point of what governments and

2:06.7

Central Banks are doing and how they are married together. So we're going to

2:10.6

discuss that.

...

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