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The Compound and Friends

2021 Surprises

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.72.2K Ratings

🗓️ 17 December 2021

⏱️ 68 minutes

🧾️ Download transcript

Summary

On this week's episode of The Compound & Friends, Michael Batnick, Tom Lee, and Downtown Josh Brown discuss: the biggest surprises of 2021, the resiliency of the market, 2022 outlook, record buybacks, junk bonds, and much more! Thanks to our sponsor Cadre! Invest in a portfolio of professionally-curated commercial real estate in minutes, check out: http://go.cadre.com/compound Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/disclosures/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So yeah, the scares are everywhere and it's like we're doing this all over again.

0:05.5

But the good news is it seems like people aren't getting as sick as last year.

0:10.0

Is that the way to think about it? That's right. I don't know if you saw what happened with Cornell,

0:14.6

but they closed the whole campus. Yeah, they moved everybody to online. Yeah, they would not be

0:19.5

the last. Yeah, but they said a very high percentage were fully vaccinated students,

0:25.0

which is what's freaking people out. Yeah, but no, no severe cases.

0:32.0

Sure. Well, but then like with college kids, you wouldn't expect severe cases anyway, though, right?

0:39.6

So I had that right? Uh, you know what, if they have a pre-existing condition,

0:45.4

then it's still going to be severe. Like if they have a weight, like obesity, still

0:49.7

yep, 38% of the US. Yep. Um, so that means basically four and 10 will have a severe case

0:57.3

if they're vaccinated. You surprised the market's not reacting more to this, like this uptick.

1:03.6

I mean, I think it's kind of been holding a lot of the travel related stocks back. So I think it is.

1:11.6

So it's not reacting overall. No, it started rallying again. Uh, chlorox.

1:17.5

So yeah, I was looking at it today. This is the first close above the 200 day moving average

1:24.3

since January 21. Wow. So for 11 months, the stock has been in the down trend until today.

1:32.4

And you know, I think with because it's COVID's a full might, doesn't have full might,

1:37.5

it doesn't, you don't really need to use chlorox. Well, we don't even think that does anything.

1:41.7

Yeah, it's, uh, yeah. So meaning you don't really catch it from services. Right. Yeah.

1:46.8

So it doesn't really matter. Yeah. So we're, so we're done wiping down the groceries this,

1:50.8

this round. I know. That was really silly. Um, did you do that? Did you do it though? I never did.

1:57.4

No. Oh, I did. You did? Oh, yeah. And uh, full blown Purell addiction, like, like carrying it

2:06.0

with me everywhere I went. I did carry the Purell. Yeah. Like I did the hand sanitizing.

...

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