4.7 • 5.8K Ratings
🗓️ 15 May 2021
⏱️ 65 minutes
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0:00.0 | I'd like to thank Amazon Pharmacy for supporting my podcast. |
0:13.6 | Amazon Pharmacy makes it easy to order your prescriptions and then to have them delivered |
0:19.1 | straight to your front door. |
0:20.7 | The best part is that Amazon Prime members can save on prescription medication when they're |
0:26.0 | not using their insurance and still get two days free delivery. |
0:30.1 | You can learn more at Amazon.com slash gold. |
0:34.0 | Well all of the US stock market indexes managed to finish Friday with solid gains, although |
0:40.6 | it wasn't enough to make up for losses earlier in the week. |
0:45.1 | All of the US stock indexes closed the week down. |
0:49.0 | In fact, so far during the month of May, only the Dow Jones is in the black. |
0:55.4 | All of the other indexes are in the red. |
0:58.7 | So we are getting a lot of selling in May, although the sellers are not actually going away. |
1:05.2 | What they're doing is buying value oriented stocks. |
1:09.6 | So they're selling their growth oriented momentum names and they're loading up on value. |
1:16.3 | But this also means that they're selling US stocks and buying foreign stocks, which is |
1:22.1 | why foreign markets are now outperforming the US market, not only on the month, but on |
1:29.0 | the year because when it comes to value, even though there are some value stocks in the |
1:34.9 | Dow, which is the reason the Dow is doing better than these other indexes, but relative to |
1:41.1 | the values that you can find outside the United States, those stocks still look expensive. |
1:47.0 | The US leads the world in overpriced momentum stocks. |
1:51.8 | But when it comes to real investment value, we're well behind what's available outside |
1:57.4 | the United States. |
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