Stocks cheap to buy and hold through 2021: Matrix Asset Advisors CIO
stock trading September 30th. 2020, 9:47pm
David Katz, CIO of Matrix Asset Advisors, joins “Squawk Alley” to discuss the state of the markets as stocks recover from the coronavirus selloff.
The Dow Jones Industrial Average rallied on Thursday, wrapping up its best week in more than 80 years, after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic.
The Dow jumped 411 points, or 1.7%. The S&P 500 gained 1.9% while the Nasdaq Composite advanced 1.1%. The U.S. stock market will be closed Friday due to Good Friday. Stocks came off their highs after Democrats in Congress blocked a Republican effort for unanimous support for 0 billion in small-business aid.
Thursday’s gains put the major averages on pace for strong weekly gains. Dow was up more than 13% for the week, putting it on pace for its biggest weekly gain since 1938. The S&P 500 was up 12.8% week to date, on pace for its best week since 1974. The Nasdaq had gained 10.9% and was headed for its best weekly performance since 2008.
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September 30th, 2020 at 10:17 pm
RE 1:30 "as long as the economy doesnt fall out of bed" — WHAT — we are a total economic deep freeze — Falling out of bed would be a massive improvement to what we have now — Seriously — do they script all these so called interviews to manipulate the sheep — everything is fine — nothing to see here — just move long —
September 30th, 2020 at 10:29 pm
Good asset
September 30th, 2020 at 10:32 pm
So, he saying buy low?
September 30th, 2020 at 10:40 pm
Love what he says about gold, so true
September 30th, 2020 at 10:53 pm
The disconnect between the haves and have not is just incredible. The belief that the govt will ensure market prices and dividends remain eternal while earnings will disappear is an extreme example that 1% of the population is being sheltered behind taxpayer money and Marshall law. It's now obvious where the money and power is and 99% of the population is considered a pool of slave labour that back stops the elites risk level. Can you believe they were given tax breaks? I wonder if voters are even aware of how they are perceived by the people that see them as soldiers and slaves for their kingdoms. The hunger games is tame compared to the actual reality. I'm starting to think a second and third wave of economic turmoil would loosen their grip but would just involve a small rise in their security and bribery budget. It's getting scary.
September 30th, 2020 at 11:47 pm
W please if its a V i just missed out on my opportunity
October 1st, 2020 at 12:09 am
He wants you buy stocks to sell to you
October 1st, 2020 at 12:31 am
Fed is just cheating for the market, only if they down the gold price, other way it's just fake market.
October 1st, 2020 at 1:23 am
What a cop out. Anyone can say to take a long term approach and just sleep on it
October 1st, 2020 at 1:32 am
What a cop out. Anyone can say to take a long term approach and just sleep on it
October 1st, 2020 at 2:19 am
What an appropriate name for his company 🤣
October 1st, 2020 at 3:02 am
That’s makes 100% sense. No wonder Warren Buffet unloaded his 100,000,000,000+ on stocks 👌 😂 😭🤦♂️
October 1st, 2020 at 3:38 am
The greatest money printing ever and this clown doesn't think gold has a place in a person's portfolio? Wtf? I want to save a link to this video and put it in a time capsule so future generations will see what happens when leaders of the world printed money to infinity and disregarded the lessons that history has repeatedly taught us. Printing money eventually debases fiat to zero. #endthefed #endcnbc
October 1st, 2020 at 4:07 am
Nice video. I began investing on a solo platform and it was very crummy . I diverted to using an investment adviser and professional broker, now I come to realize that nothing beats a firsthand experience. I can sleep much better now.
October 1st, 2020 at 4:57 am
Love the way he thinks!
October 1st, 2020 at 5:28 am
Highest corporate debt to revenue ratios ever recorded. Unemployment still climbing. Etc, etc. Markets bouncing to the bottom.
October 1st, 2020 at 6:04 am
Stocks will be a lot cheaper in a month from now….
October 1st, 2020 at 6:08 am
Just buy crude and airline stocks. When the stay at home orders are finally lifted, crude and and airlines will jump 15-20% in a day.
October 1st, 2020 at 7:05 am
This guy doesn’t care about gold? This man is going to look like a clown in the next 5 years
October 1st, 2020 at 8:01 am
LMFAO !! Huge run in the stock market ! I can't wait to see the STELLAR earnings from airlines and cruise ships ! Should CRUSH it !