Daily Covid and Markets - Wednesday July 8
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 8 July 2020
⏱️ 17 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
Futures were modestly positive all of last evening and into my morning wake-up. They turned negative a few hours before the market opened and bounced around pre-market. The market opened up a bit, then dropped a few hundred points, then bounced around throughout the day, and rallied into the close to end up +177 points on the day. Not a huge day one way or the other, but some intra-day volatility (as usual).
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 and dividends in your understanding of economic life. |
| 0:12.8 | Hello and welcome to today's COVID and markets podcast brought to you by a Dividend Cafe of the Bonson Group. |
| 0:20.0 | Today is Wednesday, July 8th, and here is my daily missive on all things COVID and |
| 0:25.8 | markets. |
| 0:27.1 | The Dow ended up up almost 200 points. |
| 0:30.0 | I think we're up 177 today. |
| 0:32.7 | I have a chart of the intraday movements at COVID and Markets.com. |
| 0:37.3 | But the futures were modestly positive last night, and then were negative a bit this morning, |
| 0:44.1 | bounced around a little. |
| 0:45.6 | And then you had a decent amount of intraday volatility today. |
| 0:50.0 | We were down a few hundred points and rallied. |
| 0:54.2 | And so, you know, all things being equal, it's kind of a normal day these days. |
| 0:59.6 | Let's see, made back about half of what it was down yesterday. |
| 1:03.3 | So still a pretty sizable move up on the week after that huge move higher on Monday. |
| 1:10.1 | But let's just to jump into the health data because |
| 1:12.6 | I have quite a bit of it today. And this is definitely a day that you can't be content to be a |
| 1:17.8 | podcast listener. You're going to have to go to covenmarkets.com because of the sheer volume |
| 1:24.7 | and magnitude of some of the charts and links and things we've provided |
| 1:28.4 | for you there. It's very clear to me that the issue of schools reopening is becoming the newest |
| 1:34.3 | political fight on the COVID front. And so, you know, with that new conversation topic out there, |
| 1:41.7 | it's really become the new COVID topic as well, even |
| 1:44.9 | divorced from the politics. I have really no interest at all in engaging it as a political issue. |
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