12-8-2021: How Close Is the U.S. Economy to Normal?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 9 December 2021
⏱️ 48 minutes
🧾️ Download transcript
Summary
One analyst says consumer services are nearing full recovery, but the job market isn't.
Today's Stocks & Topics: Dividends and Taxes, Jobs Opening Reports, The Economy in 2022, Apple and China, QDEL - Quidel Corp., AZPN - Aspen Technology Inc., VSIAX - Vanguard Small-Cap Value Index Fund Admiral, SWBI - Smith & Wesson Brands Inc., SHIP - Seanergy Maritime Holdings Corp., K - Kellogg Co, Stagflation, Investing for Retirement, PDBC - Invesco Actively Managed Exchange-Traded Commodity Fund Trust, EQT - EQT Corp.
TRIVIA QUESTION: "In the first two days that followed, how much do you suppose the Dow Jones Industrial Average fell? AND-- what kind of returns were generated for a person who purchased U.S. blue chip stocks and held them till the end of 1945-- when World War II ended?"
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Transcript
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| 0:00.0 | Now I'm this and Vest Talk podcast. Steve Peasley listens to your questions. |
| 0:07.0 | My name is Luke from Indiana. Smith and Weston recently reported earnings and |
| 0:13.0 | dropped almost 15% afterwards, but looking at their price-earning ratio, they |
| 0:18.0 | still look extremely cheap, just wondering what your guys' opinion was on us. |
| 0:21.0 | And provides unbiased answers. |
| 0:24.0 | The highest it's ever been is $39, but when it was making $2.50 |
| 0:29.0 | before the highest it ever got was $18, that was in 2017. |
| 0:33.0 | So I don't think you have a lot of upside potential, even though it looks pretty cheap. |
| 0:38.0 | In Vest Talk, over 36 million downloads and counting. |
| 0:43.0 | Across America and around the world, your participation makes it unique. |
| 0:49.0 | $88, $88, $99 chart. |
| 0:55.0 | This podcast is produced by KPP Financial. Steve Peasley, president. KPP Financial. |
| 1:03.0 | Independent thinking shared success. And out today's podcast. |
| 1:11.0 | Good afternoon everybody. I welcome to Vest Talk. I appreciate you being with me today. |
| 1:17.0 | And it is December 8th, 2021. |
| 1:21.0 | So here on the second week of December, the end of the year, the market is starting to rally again. |
| 1:26.0 | We had a pretty good little scare there for a week or so. |
| 1:31.0 | But it's now back to a rally move. We'll see how long that lasts. |
| 1:37.0 | I don't think the markets are going to crash anytime soon. I don't. |
| 1:42.0 | So I don't think that's something we need to worry about. |
| 1:45.0 | I do think it's going to be volatile. You know, and I've been saying that for some time. |
| 1:49.0 | But I think we're going to have some outside volatility here over the next couple of months, three months, maybe longer, maybe into the summer. |
... |
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