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-- -- You've heard this a lot said on this network has solid may and go away already passed us by it's the old adage.
Mark to Penske says yes but.
He's gonna show you how to grab on to the cut tells of -- continuing global recovery.
American Century Investments global a non US chief investment officer is spent the last hour of trading with -- mark.
And used to that would bit -- -- mango weighs over.
So -- -- looking for a little bit of an upside this summer potentially.
I think so I think the market coming -- -- the -- here are gonna continue to have volatility.
But the un unemployment numbers are getting better -- let's not rush this recovery the unemployment numbers movie is getting better.
But that volatility though I mean this week in particular we see a little bit of the bill of build in the -- today but this weekly element more -- -- With the -- the S&P we are getting smacked with a lot economic data and a lot of earnings and so it's a lot to kind of bring it.
But earnings have been good right so I think that people -- can't really know what I do subtle and I think -- aren't guerrilla army that they decided as you can write and write it out well I think but again -- that we've come off the bottom quite rapidly you shouldn't expect the forecast to be huge America's cup is going to be cautious at this point so.
Let's just let the market continue to kind of grind along here and let down deployment number continue to work its way off because it's not the typical recovery that we've seen in the past and we also -- housing to do a little bit better and I think that housing is starting to look look better mean as you see rental.
Rentals are going crazy I mean rental rates are are pushing people into the housing market.
And and mortgage rates are at their lowest levels so I think you're gonna start to see that the consumer make that decision that.
I think it's probably time to buy a house and where to start to -- and some moment.
That was back in the early 1990s around like 9192.
Vice income moment and housing where it was cheaper to buy something than to rent low interest rates.
The differences financing was available then financing is still a problem of many Americans now -- -- But that consumers had a lot of time to kind of do we rebuild the balance sheet right to have some cash to put -- -- put money down on -- house so.
A little bit different I think.
OK let's -- let's talk about earnings overall at your you know you can't mention the word global earlier that was the introduction to you talk about global earnings I mean.
Tell us they cut especially given the tough years and multi national US corporations that -- kind of bank and on that weak US dollar that was good for the numbers negative any adverse affect the dollar -- No I think technology is very strong did not just the US but also globally oil service is very strong -- US and also globally.
And I think the consumer still is still very strong and it's that brand name.
That brand that's actually kind of really pushing the consumer to to to write the checkered you know through to pull up the credit card.
OK is there one global company that you would buy.
Based on earnings right now one name Hugo Boss you know -- why.
Big restructuring of the firm and they're really starting to kind of pushed their brand out there and ways and they never pushed their brand before you saw.
A nice 2011 and 2012 is continuing to grow we should be ADRs -- -- -- so you know and the American depositary receipts so for a company by the stuck here.
Little reversed from what a lot of people have been doing frankly that's ago what are we will see an excellent market has in recent with me address the hour.