Covid and Markets - Thursday September 24
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 24 September 2020
⏱️ 20 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
The market had been pointing to a modestly positive opening all night and into the very early morning futures action, but around 5:30am turned south, again led by technology. The market opened down 250 points, and then went up 500 points (so up 250 on the day), and then bounced around throughout the day. It closed up just +50 points or so with all indexes about the same on the day in percentage terms. The timing of the downturn this morning came right as the weekly jobless numbers came, but truth be told there was nothing unsurprising at all in the jobs data, so I doubt that was related. More or less, I think the markets are zigging and zagging because that is what they do – and notoriously so this time of year. I do not expect anything different for the next couple of months. Lots and lots of COVID info today, and plenty on housing etc. — off we go!
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividend Cafe, weekly market commentary focused on dividends in your portfolio |
| 0:06.6 | and dividends in your understanding of economic life. |
| 0:12.5 | Well, hello and welcome to today's COVID and markets podcast brought to you by the Dividend |
| 0:17.5 | Cafe of the Bonson Group. This is David Bonson. I'm the chief investment |
| 0:22.8 | officer here at the Bonson Group, and I am so very excited to be bringing to you one of the very |
| 0:27.7 | last COVID-and-Markets podcast that I intend to do. We are announcing day by day more and more |
| 0:35.5 | of our plans, but I'll tell you all here on the podcast. |
| 0:38.2 | Maybe we don't necessarily read the missive that we put out, you know, for a long time every single day. |
| 0:45.8 | And then now lately we've been doing it three days a week. |
| 0:48.2 | And my plan now is to go to a daily marketmissive online at the dc.day.com. TheDC Today.com. It'll start next Thursday, |
| 1:02.2 | one week from today, October 1. So we will have another COVID and markets podcast for you next Tuesday. |
| 1:10.0 | But it is my belief, as I intended when I first started, |
| 1:15.1 | the daily COVID markets.com, you know, kind of, you know, daily written comments and charts |
| 1:22.6 | and data and analysis and so forth, particularly around all the enhanced market volatility |
| 1:26.9 | of that COVID |
| 1:28.3 | moment in March and April in the belly of the quarantine, that I very much wanted this to be |
| 1:34.5 | a temporary phenomena. I think that we are very much in a period of time where markets are going to |
| 1:43.8 | continue being markets, very volatile, |
| 1:47.3 | very uncertain, things that make them go higher, things that make them go lower. |
| 1:51.5 | But that intensity of pressure and uncertainty around the coronavirus, I think, has long since |
| 2:00.3 | subsided, which is not the same as saying it's not |
| 2:02.8 | still a serious thing, or that there's not still people who will be infected, people who, |
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