4.7 • 5.8K Ratings
🗓️ 29 May 2021
⏱️ 65 minutes
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0:00.0 | I like to thank my brand new sponsor Trunyajin for supporting my podcast. |
0:14.2 | Trunyajin fuels the body's energy engines, maintains cellular metabolism, and even supports |
0:21.6 | a healthy heart. |
0:23.0 | And now you can get 10% off your first purchase as a new customer at Trunyajin.com slash |
0:30.2 | Peter with promo code Peter. |
0:33.1 | These statements have not been evaluated by the Food and Drug Administration. |
0:36.5 | This product is not intended to diagnose, treat, cure, or prevent any disease. |
0:42.5 | I want to start off the podcast by saying I hope everybody is enjoying this three day |
0:48.5 | holiday weekend. |
0:50.3 | But because Memorial Day is the 31st of the month, the last trading day of this month was |
0:59.3 | yesterday, Friday, because the next time the market's open for business, it will be June |
1:04.4 | 1st. |
1:05.4 | So we close the books on May. |
1:08.1 | And while investors didn't sell in May and go away, what they did do in May was rotate. |
1:15.5 | We really began, I think, the long overdue, great rotation out of the hyped up, overvalued |
1:25.7 | momentum type stocks into more traditional value oriented dividend paying stocks. |
1:33.5 | In fact, you can certainly see the rotation when you look at the averages because the only |
1:40.0 | average that was down on the month was the NASDAQ. |
1:45.5 | And the biggest gainer was the Dow. |
1:48.3 | The Dow was up about 2% in May. |
1:51.7 | S&P may be about a half a percent. |
1:54.8 | NASDAQ, though, down 1.5%. |
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