12-8-2020: Wall Street Firm Expects The S&P 500 To Rise 16% By End Of 2021
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 9 December 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
With cash yields near zero and bonds offering little yield, Goldman anticipates that investors will rotate cash into stocks, helping fuel a 16% gain in the S&P 500 next year.
Today's Stocks & Topics: CSIQ - Canadian Solar Inc., Savings vs. Inflation, Tesla, NG - NovaGold Resources Inc., LAD - Lithia Motors Inc. Cl A, CF - CF Industries Holdings Inc., Money Managers, VBR - Vanguard Small-Cap Value ETF, VTV - Vanguard Value ETF, LCA - Landcadia Holdings II Inc. Cl A, BJ - BJ's Wholesale Club Holdings Inc.
TRIVIA QUESTION: "Can you name 3 high-paying careers today-- and, for perspective, WHAT do you suppose was the starting salary for an FBI Special Agent in 1942-- at the start of World War 2?"
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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 everybody and welcome to invest talk it is Tuesday |
| 0:23.8 | December 8th 2020 and of course in the end we're in December last day of the month |
| 0:30.0 | the last day of the year last month of the the year, I'll get it right, just give me a break, |
| 0:35.0 | the last month of the year, and we've had not a terrible year, I mean as far as the stock market is concerned, it's right near its highs before the fall for the Dow and the S&P |
| 0:48.8 | Nasex is above that so it hasn't been a year, but it's been a certainly a volatile year. |
| 0:56.5 | And I think that I think next year will calm down. I think we'll have an up here next year. |
| 1:02.0 | I don't know how up but I think it would be more than 10% less than 20. |
| 1:08.0 | I think I'll be in that range somewhere. And I can tell you why I know the market is overvalued. That's not the issue. There are parts of the market that are undervalued. |
| 1:17.0 | The overvalued part is in the tech. We all know that. Been that way for some time. |
| 1:23.6 | But there's reasons why we've gone over them before, |
| 1:26.5 | and I'll go over them again just to make sure you all understand |
| 1:29.0 | what's driving this market. |
| 1:32.1 | Okay, what is driving it? |
| 1:35.0 | Drives all markets, cash. |
| 1:38.0 | Money, money drives market. |
| 1:40.0 | The more money in the system, the more of that market is driven up. |
| 1:44.0 | Simple as that. |
| 1:45.0 | But you've got to be prepared for the continuing volatility. |
| 1:49.0 | And you got to learn how to deal with it. |
... |
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