TIP296: CURRENT MARKET CONDITIONS
W/ PRESTON AND STIG
9 May 2020
On today’s show, Preston and Stig talk about the current market conditions in May 2020. Currently, the stock market continues to rise after record-breaking unemployment and intense government stimulus.
IN THIS EPISODE, YOU’LL LEARN:
- What is happening in the stock market right now.
- How Preston and Stig are positioned in the market.
- Whether the US is falling into the same liquidity trap as Japan.
- Pros and cons of fiat currencies.
- Stock market similarities and differences to 1929.
- Ask The Investors: How do I avoid catching a falling knife.
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Preston Pysh 00:03
Hey! Welcome to the show, everyone!
Today, Stig and I sit down for another current market condition overview. Since the last time we’ve talked, we’ve seen a massive bounce in the equity market. We’ve also seen a massive amount of unemployment, and many other strange and abnormal things. Stig and I talk about a couple of stock picks, negative interest rates, currencies, and the differences between the US markets today and back in 1929. I think you guys are really going to enjoy this conversation, so let’s go ahead and get it started.
Intro 00:37
You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
Preston Pysh 00:57
Hey, everyone! Welcome to The Investor’s Podcast. I’m your host, Preston Pysh, and as always, I’m accompanied by my co-host, Stig Brodersen. We’re back with you for another current market conditions episode. There’s just so much happening. We could probably do one of these every other day, but we’re trying to spread it out and trying to do one maybe once a month or so, and so here we are.
Stig, what are your thoughts, man?
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BOOKS AND RESOURCES
- Check out the momentum tool that Preston and Stig created for the TIP Community that predicted the crash in the stock market. TIP Finance also gives you access to our filter tool for the cheapest companies in the US.
- Subscribe to our newsletters about the current market conditions.
- Link to Preston’s series of tweets that showed the momentum status on indexes.
- Yuval Noah Harari’s book, Sapiens, recommended by Guy Spier and Stig – Read reviews of this book.
- Preston’s pitch of Biogen and Stig’s pitch of Allstate the Mastermind Meeting 4th quarter 2019.
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