Daily Covid and Markets - Tuesday August 18
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 18 August 2020
⏱️ 17 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
The market was down about 65 points today, but the S&P and the Nasdaq were up, and in fact, the S&P closed at a new all-time high today.
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. |
| 0:12.3 | Hello and welcome to today's COVID and markets podcast brought to you by Dividend Cafe of the Bonson Group. |
| 0:19.0 | Today is Tuesday, August 18th, and as I think the word has sort of gotten out, we're |
| 0:24.8 | in our new schedule here. |
| 0:26.7 | So you did not get a podcast yesterday, Monday, and you won't get one tomorrow, Wednesday. |
| 0:32.0 | But every Tuesday, Thursday, you'll be getting this COVID-O markets podcast. |
| 0:35.9 | And, of course, Friday is our dividend cafe. |
| 0:39.1 | Every other Monday, we do the national Zoom video call that we put up on the podcast as well. |
| 0:45.7 | So speaking of the podcast, there's a pretty good chance. If you're listening to this right now, |
| 0:50.9 | it's because you're getting it in your feed. That's how you're getting it since we don't blast this out. |
| 0:56.8 | More than likely, you're getting it as a subscription through iTunes or Spotify or whatever you run through your feed. |
| 1:03.8 | But if you are not, that's the way we would love for you to receive our Dividing Cafe podcast is if you could subscribe it |
| 1:11.2 | easier for you, easier for us and all those things. |
| 1:14.4 | So let's get on with it. |
| 1:15.6 | Market today, S&P 500, that is, closed at an all-time high. |
| 1:21.4 | And it just doesn't even really seem real to say it. |
| 1:25.4 | Now, the Dow was down 65 points today. |
| 1:29.6 | The S&P and the NASDAQ were up. |
| 1:33.4 | Dow has a little ways to go still to get back to its all-time high. |
| 1:36.9 | You definitely have a little bit of, well, it's more than a little bit. |
| 1:39.9 | It's pretty historically significant decorrelation between the three major market indices. |
| 1:48.6 | But regardless, I mean, you can kind of nitpick around it. |
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