4.7 • 5.8K Ratings
🗓️ 20 February 2021
⏱️ 53 minutes
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0:00.0 | The Peter Shifx Show |
0:09.0 | Today's Peter Shifx Show podcast is sponsored by Wundery's Business Movers. |
0:14.1 | In the newest episode they explore how the reformulated new Coke back in 1985 disrupted |
0:21.2 | Coke and cold was public perception and it was pulled from the shells within months. |
0:26.7 | According to the newest season of business movers on Apple iPad Spotify or listen ad free |
0:31.9 | by joining Wundery Plus in the Wundery app. |
0:36.0 | The Dow Jones managed to make a new all time record high today and finished out the day |
0:41.4 | with a small gain. |
0:43.4 | The other indexes did not make a new high. |
0:46.4 | In fact, the other indexes were all down on the week. |
0:49.4 | The NASDAQ was the only index of the big four to finish the week in the black. |
0:54.2 | S&P 500 NASDAQ Russell 2000 they finished in the red. |
1:00.0 | But you know the big action today and on the week was in the commodity market and stocks |
1:05.4 | that are linked to commodities generally industrial metals agricultural commodities although |
1:12.0 | oil did have a pullback today back below $60 barrel. |
1:17.0 | As I said I thought we would consolidate a little bit around $60 before moving higher. |
1:22.5 | But the big action in industrial metals take a look at copper in particular up about |
1:27.7 | 4.5% on the day copper closed at $4.8 per pound. |
1:34.8 | Now the all time record high for copper was set back in 2011. |
1:39.9 | We got to $4.50 a pound. |
1:42.7 | So we're almost there. |
1:44.0 | In fact, I think we're going to shatter that record before the end of the year. |
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