Stock Market Record Highs, The Future of the Movie Theater Industry
In this episode, Shamus Madan analyzes the stock market post-stimulus package and discusses unemployment amidst market highs. He delves into the declining movie theater attendance and the future of theaters in the digital age. Shamus also talks about the recent Microsoft security update and hackers, and shares insights on portfolio diversification.
Key Points
- The stock market has hit record highs following the $900 billion stimulus package, indicating investor optimism for an economic recovery in 2021, despite current high unemployment rates and COVID-19 cases.
- Movie theater attendance has been declining due to factors like increased ticket prices, more affordable home theater systems, and the rise of streaming services, leading to significant drops in stock values for companies like AMC Theaters.
- Diversifying one's investment portfolio, such as by including different stock sectors beyond tech, can help mitigate risk and stabilize returns even when particular markets, like technology, face downturns.
Story #1: The stock market is hitting record highs after the $900 billion stimulus package is signed. What could this show about the future of the nation and where investors think we are headed?
Story #2: Despite the new vaccine, movie theaters’ future could still be troublesome down the road. And How could this change the movie theater industry?
Disclaimer:
The MBIT podcast is reflecting the opinion of only the host. The podcast is for informational purposes only. The podcast is not a research report and is not a recommendation to purchase or sell any stocks, holdings or securities. The podcast is also not meant to serve as the basis of any investment decision.
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Transcript
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