S2E28: Choppy Trading and Stable Rates

In this episode Drew and Grant discuss the latest jobless claims, frothy trading, the Fed position on rates and outlook, Secretary Mnuchin's stance on future shutdowns, the state of U.S. household debt, oil prices, Brexit and the current state of the 2020 presidential election.

WealthVest – based in Bozeman, MT, and San Francisco, CA – is a financial services marketing and distribution firm specializing in fixed and fixed index annuities from many high-quality insurance companies. WealthVest provides the tools, resources, practice management support, and products that financial professionals need to provide their clients a predictable retirement that has their best interest in mind.

Hosts: Drew Dokken, Grant Collins

Album Artwork: Sam Yarborough

Show Editing and Production: Tavin Davis

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WealthVest does not warrant the performance, effectiveness or applicability of any sites listed or linked to in any Content. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.

*5:12-- the 7.5 million options contract purchased occurred at the market peak in February. This past week 12.1 million of similar options contracts were purchased.

Sources:

https://www.bloomberg.com/news/articles/2020-06-11/u-s-jobless-claims-continue-gradual-decline-remain-elevated?srnd=economics-vp

https://www.cnbc.com/2020/06/11/frothy-trading-in-bankrupt-companies-penny-stocks-sent-red-flags-that-a-pullback-was-due.html

https://www.cnbc.com/2020/06/11/fed-leaves-rates-near-zero-issues-gloomy-outlook-what-to-watch-now.html

https://www.cnbc.com/2020/06/11/treasury-secretary-mnuchin-says-we-cant-shut-down-the-economy-again.html

https://www.cnbc.com/2020/06/11/total-us-debt-surges-to-55point9-trillion-amid-big-increases-in-corporate-and-government-borrowing.html

https://www.cnbc.com/2020/06/11/oil-markets-coronavirus-us-inventories-n-focus.html

https://www.cnbc.com/2020/06/11/brexit-no-deal-concerns-grow-as-lockdown-lifts.html 

https://www.economist.com/united-states/2020/06/11/meet-our-us-2020-election-forecasting-model

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