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Here is KPP Financial Chief Executive Officer, Financial Advisor Justin Klein. Good afternoon fellow investors and welcome back to

Invest Talk. This is our Monday, August 5th, 2024 edition and markets are interesting to say the least. We had a sell-off to close last week and over the weekend

foreign markets took it on the chin even worse than we did.

So if you think there was a lot of red here, go look overseas.

And this was our first major risk off period of the year really and this is

Something frankly you should always expect you should in any given year you should see a 10% pullback inequities. That's normal. That's average. That's garden variety.

And this is no different.

The catalyst may be different.

Just like last year during the Silicon Valley Bank crisis,

that was different.

That's usually how this works.

Usually the next crisis, the next problem,

isn't like the last one.

It's a different catalyst.

And in this case, it's two major central banks

going in different directions, causing a big move in the

currency pair, the dollar, yen.

And force unwind, which, for a short covering of the yen for example and they do that to by by selling

...