Also in this playlist...
This transcript is automatically generated
-- -- him harder chief investment officer yeah capital -- how are you sir and -- tell you got earnings under way and there are still a lot of nerves about a particular the financial sector are we just a little too optimistic to think about earnings right now ten.
I don't think so as a as a matter of fact I.
Considered the beginning of earnings season to be the end of earnings in the -- season it's and where we go through that data day.
Focus on the geopolitical.
What's going on in Europe what's going on the Middle East.
I'm happy to be back talking about earnings where we're sitting right now today in even if -- Little overly optimistic I think if you -- even meet expectations.
Markets and a good place for us.
Our markets and a good place stand -- -- but yet you've been telling your clients of the tickling you've got to be selective about where you put your money.
You can't just ride out the S&P 500 anymore -- guiding your clients this is.
So the names yes it's not -- it's not just the broad market anymore it's an isolated market and I don't agree that the S&P average of paying forward earnings seven -- percent as attractive.
If you get 3% and -- treasury bill in this market moved more than 4% last night when I woke up 3:30 in the morning.
You got -- yet tremendous volatility coming here and I just don't think that the market can withstand this banking system problem.
When you're telling your clients to look at some of the -- names we've got those yes those names on our screen there zero that I wanna ask you about the because of -- biggest fastening -- that the its name like a big lots.
A dollar tree Family Dollar not the Kimberley shops there but you know but we know that I shall remember laying it out yeah.
I think mr.
Clinton and but again you're saying these are good look at these or will basically -- economic -- in my opinion exactly and yeah.
And this is where the consumer's going to need to go as I see deflationary depression coming this is where they're -- shop for those low in good to whatever goods they need at low cost.
These companies can contain that they've got the ability to control.
Their employment there is employees they got the ability to control how much they're gonna buy they're gonna be demanding certain lower prices from manufacturers who are over manufacturing goods.
-- are we -- the economy -- around you cover a lot of the news channel are you feeling a little more optimistic now let me give -- -- little -- -- sunshine on this Tuesday right and we've got outside I think what a better position and we work last week at this time -- -- little -- gloom and -- but was received.
Some signs of improvements I'm optimistic about that are right ten who got a couple of our reasonable optimists on said here on your studio but what about you I don't -- you like.
Press the sometimes look overseas just a little bit.
-- -- When I'm when I'm looking forward I do with the retirees pre retirees we wanna make sure that the broadly diversified in the portfolios.
And some of them are actually the point now where they want to take a little bit more risk and how do you take more risks without taking more of the same risk.
And so you may be if you broadly diversified you might be looking out instead of just large cap small cap might be looking down in the micro cap instead of just Warren.
In emerging markets you might be looking into -- small cap.
You might be looking into frontier markets which is that next generation of emerging markets they can't get him get additional diversification that Guggenheim -- They're more I think it's that interesting -- and that's about samplings of the -- -- -- and Phil Flynn a bit about.
Some -- ideas here in some of his investment opportunities for our our viewers.
-- that he is looking for overseas growth that's something that you all of wall from the CME.
Absolutely you know -- I think the bottom line if you look at the emerging market that's where the laws are gonna come but you know I.
And I agree with your other guest too as well I think earnings -- going to be pretty good that.
Have a -- is that if you look at the -- for the last couple of you know we did -- priced in good earnings so they have a lot to live up to possibly get those good earnings it's not necessarily going to translate.
To a higher stock market and we take -- call yesterday they were you know they didn't quite meet expectations we -- some downward pressure.
-- -- could it be kinda about four a lot of what we're gonna see throughout the earnings season.
The client volume I had nightmares last night about Alcoa earnings I'm actually not hitting this in my life but but I -- -- -- gaming plus plus hunt is I was going to sleep thinking about the fact that.
We could have some pretty bad news coming out in and I'm hearing more and more voices.
On the analysts side say to me.
Well we don't take a -- first -- -- there was a lot of selling this morning selling on the news they -- expectations that were lowered but also.
Take into account that their profits more than double that was nice to hear what is CEO said.
You know about Carla has been noting that they economic recovery is on evening but he remains positive.
And when we talk about jobs is interesting today -- us this as saying laying off up to 101000 workers and just a moment ago that was standing here.
I -- -- saying that they're going to add about 200 jobs so.
This is where we don't and that's -- market looks like that today we went -- without unchanged line red Green red Green red Green.
They get there is that uncertainty and that means are well hello we are gonna get some job by his letter on the show for our viewers Tim -- Thanks to all of you -- my.
Filter by section