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Ameriprise Financial Chief Market Strategist David Joy on spring markets and where he is advising investors to focus.
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David joy is here he's warning investors.
That the markets have already shown their best stuff for the year.
David a by adding another nickel to.
Pile of people who've come on have been so incredibly Mexican.
Well we've gotten.
A whole string of softer economic data and so you know it raises the question have we unite as it looks good sorry it did today -- absolutely and that's -- the markets up so that's an encouraging sign.
But there is some still -- lingering question of whether or not that won't winter weather pulled the lot of the activity forward in the year.
And what destined to have a soft -- this is a great number but it's not a trend you know I think we need to see more.
You wanna make of nickel bet with me will this month of may be another up month for the -- Ominous signal you'll say -- -- say yes okay just for the -- or -- could pick up vertical -- not can you make a bet on natural gas you know this is that this is one part of the energy complex that has.
Befuddled people because it has dropped of course at certain points in the past three weeks below two dollars -- unit.
Yet it suddenly -- a little perk.
It's up 20% in the last eight trading days I think what's happened is you've had a lot of people watching it fall from four dollars and fifty cents in June down to less than two dollars.
They don't want to catch a falling knife as they say but now all of a sudden.
There's a mental speculators have commend value players -- command and they say it's probably hit its bottom.
If an investor who's watching right now says I believe and what David joy is saying can -- Dip a toe in -- what's the best way to do that.
Well I would do what with the understanding.
To be a longer term play because this might be just the technical bounce here in the short run but if you've got at least a six month horizon which in my mind is very long.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- You can buy producers.
You can buy pipelines.
You can buy.
Chemical companies that benefit from lower prices even in the short on one thing I would point out if you look at the futures market.
Eight months out it's predicting that gas prices will be some 50% higher than they are right.
Now thanks for that ray of sunshine David did has more rays of sunshine coming up -- in the form of dividend stocks that he says all have a single common thread that.
And again it's guaranteed income for your portfolio -- stay tuned for that in the meantime back.
Another big piece of news here in the mergers and acquisitions.
Realm a -- -- of.
