Michael Wursthorn

speaker
1,567 appearances 29 recordings 1 series first heard Jul 2017 last heard Nov 2021

Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.

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Appearances

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but just maybe don't look at your portfolio every day is what some managers are saying.
Thank you.
Very much so. voice-verified
Investors had to add to their list of concerns. voice-verified
So in response to that, you saw consumer stables rise more than 4% throughout the week. voice-verified
Utilities, another great performer, up 3% throughout the week. voice-verified
What that says, though, to everyone else in the market is that investors are continuing to be very much cautious with everything going on from trade tensions with China. voice-verified
to the latest with Saudi Arabia that's now also going on. voice-verified
Investors are very much in this approach where they want to wait and see. voice-verified
And for the most part, they're not willing to get out of equities. voice-verified
They just want to take a step back a little bit. voice-verified
There was an expectation coming into this just previous week that passed that earnings, now that we had over 50 earnings reports of S&P 500 companies, that this might be the thing to get the market moving higher again. voice-verified
But investors were disappointed. voice-verified
You had Netflix on Tuesday report phenomenal numbers, beats across the board. voice-verified
But the stock fell throughout the week. voice-verified
It just didn't recover. voice-verified
And I think that says something about that investors are still questioning whether or not technology can rise again. voice-verified
in this environment, whether these pricey shares have room to go. voice-verified
So it's very much a risk-off environment still. voice-verified
This is looking like it'll be one of the last of the strongest quarters. voice-verified
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