Clay Travis and Buck Sexton Show H2 – Jul 19 2021
The Clay Travis and Buck Sexton Show
iHeartPodcasts
4.5 • 11.4K Ratings
🗓️ 19 July 2021
⏱️ 37 minutes
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| 0:00.0 | Welcome to today's edition of the Clay Travis and Buck Sexton Show Podcast. |
| 0:06.8 | Welcome back in, hour number two. Monday edition, Clay Travis Buck Sexton Show. I'm Clay Travis. |
| 0:11.6 | He is Buck Sexton. We are talking about the biggest story that is going on right now. |
| 0:16.5 | Anywhere in the world, and it is Joe Biden having to come to grips with the biggest stock market |
| 0:23.4 | drop that he has seen in his entire tenure. Buck Sexton, I am reading from the Wall Street Journal |
| 0:30.4 | article about this. It says, the moves, the stock market moves were reminiscent of trading patterns |
| 0:37.7 | that prevailed in the early days of the pandemic. Investors sold shares of companies directly |
| 0:44.0 | affected by restrictions on movement and business while buying government bonds and stocks that |
| 0:50.0 | stood to benefit from renewed lockdowns. American Airlines, United Airlines, cruise operator Carnival, |
| 0:57.5 | all saw their stock prices drop substantially. Stocks that climbed on Monday, Croger, |
| 1:04.5 | which we all remember, Etsy, which is an online marketplace and Peloton. The big question now is, |
| 1:12.6 | are we, I hate to say it, Buck, I really do. Are we stumbling once more into March of 2020 |
| 1:21.8 | all over again? I don't think so. I think it's going to be short lived with this stock market |
| 1:27.2 | dip here, at least the plunge that we're seeing because this is right now. It's panic driven. This |
| 1:33.2 | is panic selling at some level. And it's very unlikely we're going to go back to, I mean, |
| 1:37.9 | I think it's almost impossible to go back to where we were at that phase. The market is an indicator |
| 1:42.9 | of fear in this moment. And as we know, if you, if you actually believe what the market was telling us |
| 1:49.1 | back in March of 2020, if people thought, oh my gosh, you know, the end is near, |
| 1:53.5 | that was the wrong attitude because the market ended up having a huge rally and doing incredibly |
| 1:58.8 | well selling in March of 2020. Well, at least if you're a long-term investor, it was not the right move. |
| 2:04.0 | But what we are seeing is, I think, a sense of economic anxiety that is reflected in the market |
| 2:12.8 | right now in the stock market, but it's reflected also from the Biden administration, which is why |
... |
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