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Talking Real Money - Investing Talk

It's Been a Strange Three Months

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2680 Ratings

🗓️ 2 July 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

The market's have provided a lot of surprises. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:22.8

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0:28.6

reality radio for a really great future.

0:38.0

We're talking real money.

0:40.8

Hi, this is Tom Cock.

0:42.6

I had the pleasure of actually meeting with someone recently in our office.

0:47.4

Fantastic to see other human beings.

0:50.6

Relish that almost every day.

0:52.4

Her question was, if I give you my money, what will the account look like in five years?

1:00.7

And many of you already know what I'm going to say, and that is, you know, I don't know.

1:05.6

But I find it even more fascinating to just look back over the last three months to figure out what happened to your accounts.

1:12.5

Shocking.

1:13.3

Really?

1:13.9

All things considered?

1:15.9

April, May, June?

1:17.1

I mean, I think you may look back on this as one of the most unusual quarters in stock

1:21.6

market history.

1:23.3

Why?

1:24.3

Well, the pandemic still raging.

1:52.0

Unemployment. Still 15%. Future? Very uncertain. And yet, listen to these numbers. It's absolutely astounding. The Dow Jones Industrial average up 17.8%. The S&P 500 up 19.5%. The NASDAQ, the tech heavy NASDAQ, up over 30%. Smaller companies,

2:05.3

the Russell 3,000 up 21 and a half percent. The global Dow, looking at other countries as well as the U.S., up over 19%. Well, Bonds, which had a terrific run in the first quarter, made about 1%. And if you really want more drama, well, how about

2:13.0

oil? Yeah, that's right. Oil up 109% in the quarter. This is where it was $60 a barrel at the beginning of the year.

...

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