12-20-19: The NYSE 'Legend' Who Got Much Of 2019 Right Has Predictions For 2020
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 21 December 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
A notable Wall Street financial manager thinks stocks will continue higher-- but he expects volatility.
Today's Stocks & Topics: AMZN - Amazon.com Inc., Bank of Japan, Consumer Spending, SNP 500, Gold, SPY - SPDR S&P 500 ETF Trust, NLY - Annaly Capital Management Inc., Portfolio, KPP Premium Newsletter, K - Kellogg Co.
Plus: Key Benchmark Numbers and Market Comments for: Gold, Oil, Gasoline and Treasury Yields.
TRIVIA QUESTION: "Can you name 3 single character NYSE symbols used by older companies-- and 3 single character symbols used by newer companies?
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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 everybody and welcome to Invest Talk. It is Friday, December 20th, |
| 0:25.8 | 2019 and we have five days before Christmas. That's just before Christmas. We don't have too much, too many days before New |
| 0:34.6 | years and what this is the last shopping weekend you have before Christmas |
| 0:40.0 | you know and remember New Year's we're starting a brand new decade. |
| 0:43.6 | See I wonder if I will live I wonder if I'll exist at the end of the next decade. |
| 0:49.2 | Pretty morbid, huh? Well you know for some for some reason, that doesn't scare me. |
| 0:54.0 | I don't know why. |
| 0:55.0 | Probably will when I get closer to it, huh? |
| 0:57.0 | Anyways, that's what we got Christmas, and we got New Year's, a brand new decade starting, |
| 1:02.0 | so it's pretty exciting times and of |
| 1:04.5 | course you know the news what came out today that was interesting in the news |
| 1:07.9 | not a lot when I talk about news from on this show I'm not talking about the |
| 1:12.4 | general news really unless it really affects |
| 1:14.6 | stock market. I'm talking about business news basically. So what was interesting |
| 1:19.5 | today? We had some economic statistics that were good today that I liked. |
| 1:22.4 | We'll share that later on I'm sure in the show. some economic statistics that were good today that I liked. |
| 1:23.0 | We're sharing that later on the show. |
| 1:26.2 | But nothing dramatic other than the stock market |
| 1:29.6 | has still continues to rally, which, you know, this is a pretty strong little rally we're |
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