A Perversion of the Markets & Annuity Concerns

Episode Notes

Jeff, Joe, and Kyle kick off the show by digging into last week’s numbers from Wall Street. The Dow Jones, the S&P 500, and the NASDAQ were all up. These three indexes remain in the black year-to-date, as well, with the Dow leading the indexes for the second quarter. The primary news of the week was the release of May’s employment numbers, which were a bit below expectations, though not as far below as April’s numbers. The guys discuss what this means for the Federal Reserve, and why we saw a perversion of the markets. They also revisit their concerns about meme stocks and cryptocurrency and warn listeners about the inherent risks of gambling on these stocks.

In the second hour, the Money Wise guys continue their investor education focus with a deep discussion of their serious concerns about annuities. Be sure to tune in for the full discussion and visit davidsoncap.com to learn more about the Money Wise guys or to take advantage of a portfolio review and analysis with Davidson Capital Management.

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