Stock Market Hits Record High
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 21 June 2019
⏱️ 41 minutes
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| 0:00.0 | This week's Motley Full Money is brought to you by NetSuite, the business management software that handles every aspect of your business in an easy-to-use cloud platform. |
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| 0:34.3 | Everybody needs money. That's why they call it money. |
| 0:43.1 | Now best they do life are free, but you can give them to the present be the future. |
| 0:50.1 | From full global headquarters, this is Motley Full Money. |
| 0:53.5 | It's the Motley Full Money Radio Show. I'm Chris L. Joining me in studio this week from 1623 Capital Jeff Fisher and Motley Full Senior Analyst Andy Cross and Ron Gross. |
| 1:01.5 | Good to see you as always, gentlemen. |
| 1:02.9 | Hey Chris, we've got the latest headlines from Wall Street, Upwork CEO, Stefan Kustreal is our guest and as always we'll give you an inside look at the stocks on our radar. |
| 1:11.3 | But we begin with the big macro. The S&P 500 index hit a new all-time high in the wake of this week's Federal Reserve meeting. |
| 1:19.1 | The Fed indicated a willingness to cut interest rates in the coming months. |
| 1:24.0 | Andy Cross, I'll start with you. It doesn't seem like our strong U.S. economy necessarily needs interest rates to go lower, but I'm not going to complain about my index fund going high. |
| 1:32.8 | Yeah, I mean, absolutely. I mean, compared to where we were in December, it seems like years ago. |
| 1:37.6 | So it's been a nice run this year. It's been a little bit rocky earlier on, but clearly a lot of excitement. |
| 1:44.2 | You know, I think a lot the Fed talk over the past few months has driven a lot of the big macro money that's flown into the U.S. markets that's driven a lot of the stock prices because we're one of the few large growing economies. |
| 1:57.7 | There's a lot of money that still is going into our stocks because that's where the growth is. |
| 2:03.3 | A lot of excitement with some of the initiatives from the IPO market, but just from the S&P 500. |
| 2:08.2 | Big companies continuing to put up fairly good numbers on the growth side, not great, but fairly good. |
| 2:13.7 | And when you're looking for some growth, if you have a lot of money to spend, you're going to look in the U.S. |
| 2:18.0 | Yeah, for sure Wall Street loves lower interest rates. That's just a given, but let's not forget why the Fed may feel the need to do this in terms of lowering interest rates, easing monetary policy. |
| 2:28.4 | It's because they see slowing growth, both domestically and internationally, which can be problematic. |
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