Daily Covid and Markets Podcast - Wednesday June 17
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 17 June 2020
⏱️ 17 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
Market futures pointed down 100 last night, up 200 at 3:00 in the morning, and eventually opened dead flat. The market was quite boring most of the day, and closed down 170 points, dropping in the final hour of trading (just minutes after I told the Wall Street Journal how nice it was to be up or down less than 50 points).
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:13.0 | Hello and welcome to today's COVID and markets brought to you by the Dividend Cafe of the Bonson Group. |
| 0:19.0 | This is David Bonson, and I am bringing you |
| 0:22.6 | our daily missive here on Wednesday, June the 17th. Market futures were pointing down |
| 0:30.0 | about 100 points on I went to bed last night. When I woke up, they were up about 200. And that |
| 0:36.4 | was about 3 o'clock in the morning where for the next three hours the futures |
| 0:41.6 | kind of stayed about flat went down a little and then finally at 630 the market opened totally flat |
| 0:49.5 | and then it was really quite boring throughout the day the Wall Street Journal at one point today had called me for a couple of comments on things. |
| 0:57.0 | I made the comment that it was our first boring day in the market. |
| 1:01.0 | And then just a few seconds later, the market dropped about 170 points, |
| 1:08.0 | where all in the final hour of trading. So, you know, down a bit on the day, |
| 1:13.4 | not, not much. S&P only down 0.3%. Nasdaq up a tad. So, you know, reasonably uneventful, |
| 1:21.2 | but still on the Dow, 170 points on the downside, all in the last half hour of trading. |
| 1:26.7 | Let me make a few comments on the health data today and I'm going to spend a little more time |
| 1:31.2 | than normal on the public policy because I put together a little recap in this in this week's |
| 1:36.7 | excuse me, and today is COVID and Markets.com missive of the various stimulus bills that we've |
| 1:44.0 | already had and that we anticipate getting that I think is a |
| 1:47.5 | helpful kind of cheat sheet that I'm going to walk through us here on the podcast. |
| 1:51.9 | But on the health side, absolute case growth yesterday was a little over 23,000 testing rose by 11.7% week over week. |
| 2:05.1 | The positivity rate was 5.1%. |
| 2:07.8 | It ended up being exactly 5.1% again today. |
| 2:12.2 | And new deaths remained under 1,000. |
... |
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