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Aegis Capital CIO Stan Crouch on the potential for higher market volatility and how investors should handle it.
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-- today what does that mean to you decide whether we have a risk on or risk off atmosphere.
What does that really mean do you let's bring in stand crap he's joining us right now stands the CIO of it just capital good to see you see you again.
First -- on risk on risk off and where we are right now I thought we were on risk off well let me make it kind of simple.
The more we have risk gone the last correlations we have with -- other risk assets when we go risk off everything sells off together bonds included.
Commodities sector so it's really a play on on the correlations.
Right now I think we're gonna have a pretty strong move into Apple's earnings I think.
We're poised for a pretty good uptake here we held certain supports that -- important and and now we're on the move we're already on the move this afternoon.
-- apple spooked the markets just a couple of sessions ago and now of course it's regain much of it and certainly more comfortably above the 600 dollar share mark but I guess the question becomes if if we switched -- risk gone.
Move which means everybody pulls out they're nervous looking at the fixed do you believe that there's more volatility to come and tell me -- money off that.
Sure I think the banks has been really battered quite a bit and that's because the market had very good run.
I think right now though even when the market sold off that fits really didn't.
Ratchet.
To the other levels and it -- -- not hitting nineteen I believe that's correct but I think what people need to be very cautious -- we look for something that gets very strong.
Into the apple earnings but maybe that's our peak before we turnover and start retesting those other levels at that point if we raped someone close certain support levels we could see them fixed really ratchet up in the past the -- -- sort of hung back like a coiled spring.
And if it gets confirmation on the downside it really takes off and it's parabolic it really looks -- you've got two billion in assets under management you're Smart -- your positioning -- right now.
Does he old balanced approach still stand for -- the buy and -- What we look at you know we've gotten away from the model where we've got these diversification models because.
In the past few years risk on risk off has and the way so there's really no place to -- when things going wrong.
It goes wrong everywhere and you can't hide overseas you can hide in small caps large caps hiding cash we think -- We think that because of the run we've had and it's been a lack of participation on that move up.
But we think we may be even heading for a triple top effectively and have a pretty significant down move but it all depends on the support levels we breakdowns are in trouble.
Cash high levels sell high buy -- that's what we're also -- that they're right and he's gonna name what he likes coming up stand we'll see in just a bit.
