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The Motley Fool
4.3 • 3.1K Ratings
🗓️ 24 April 2020
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. |
| 0:19.0 | It's the Motley Fool Money radio show. I'm Chris Held joining me this week. Jason Moser and Ron Gross. |
| 0:24.0 | Good to see you as always, gentlemen. |
| 0:27.0 | We've got the latest headlines from Wall Street. |
| 0:29.0 | Fund manager Michael Sheeran is our guest and as always, we've got some stocks on our radar. |
| 0:34.0 | But we begin once again with the big macro. |
| 0:36.0 | Another 4.5 million Americans filed for unemployment this week. |
| 0:40.0 | That brings the total over the last five weeks to 26 million unemployed. |
| 0:45.0 | And yet, Ron, when you look at the market rebounding off the lows in late March, |
| 0:51.0 | and it feels weird to say this, but technically we are in a new bull market. |
| 0:55.0 | We have really weird. Only down 13% for the year at this point. |
| 0:59.0 | Only down 17% from an all-time high. |
| 1:02.0 | And I will remind everyone that the market was up 30% in 2019. |
| 1:06.0 | So is there a disconnect? Is the market looking forward? |
| 1:10.0 | Do we see a light at the end of the tunnel with some states starting to think about opening up, |
| 1:15.0 | which actually gets me a little bit nervous, because I think that's premature. |
| 1:18.0 | But I am not a scientist. So we'll wait and see how this plays out. |
| 1:22.0 | What I did like to see is that Congress passed the $484 billion second stage |
| 1:28.0 | of the Small Business Bellow package, which I think is essential as a bridge to get us to the point of where one day we do actually someone open up our economy, |
| 1:37.0 | whether it's staggered or in stages or state by state. |
| 1:40.0 | That was essential. I hope the market like that. |
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