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Today, Explained

Is the stock market bull?

Today, Explained

Vox

Politics, Daily News, News

4.310.3K Ratings

🗓️ 3 September 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

Vox’s Emily Stewart clears up the mystery of the market, and Ella Nilsen offers an update on the stimulus that has collapsed into stalemate. Transcript at vox.com/todayexplained Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Crypto doesn't sleep, so neither do we.

0:04.1

Crack-in client support is available 24-7, 365 days a year by call, chat, or email.

0:11.6

We're here for you whenever you need us.

0:13.7

Give us a shout at crackin.com forward slash support proof, not investment advice.

0:18.8

Crypto trading involves risk of loss.

0:30.3

Let's go back to March for a minute.

0:31.9

The country is discovering this coronavirus thing isn't just going to be a flash in the pan.

0:37.1

It's going to change our lives.

0:39.4

And the stock market starts to react.

0:48.9

We are looking at another day of extreme volatility.

0:52.6

And this week alone, stocks have now wiped out nearly three and a half trillion dollars in value.

0:59.1

Wall Street is about to close any minute now.

1:01.6

The Dow collapsing around 1900 points today.

1:06.4

It's worst single day loss ever.

1:09.8

Stocks move back to loads for the day toward the closes.

1:12.8

President Trump said coronavirus may be an issue through July or August.

1:17.2

The stock market, like every other part of American life, took a turn for the worse.

1:21.5

But then a few weeks later, the stock market started to reverse those losses.

1:27.0

And things started to get good.

1:28.8

The market's closed lower Friday, but all three major indexes posted double digit gains last month.

1:33.8

And then things started to get really good.

1:36.9

Wall Street continued its upward climb to record heights Friday with technologies outsized performance leading the way.

...

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