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Value Advisory founder Howard Rosencrans on the positive trends in the markets and his outlook for the economy.
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April unemployment weighing on the market should you be buying selling -- holding on these numbers.
Howard Rosen -- value advisory founder chief research analyst joins me now what do you make of these numbers that you you trade on the.
The drops of disappointing I can't -- that any other way.
However if you put it in context -- we had some positive revisions the past couple of months temporary jobs took an uptick.
And if you put it together look at the six month trend didn't get some shining it'll it'll.
You've had 200000.
A month in job ads in the private sector so I think the trend is positive -- not to read too much into the individual report.
We had some weather factors that favorably influence this early in the year.
If the economy still continues to be relatively.
Strong.
Particularly in the context of what's happening in Europe and the way China -- -- China has also slowed so -- I think gets a positive trends consumer confidence is better.
Housing is better I'm feeling OK I'm.
-- really -- -- on the economy good point about the revision a lot of times we get we got revisions upward earlier we may get and again for this month and as let me ask you this though overall.
-- the types of jobs tower that are being created -- those lower paying jobs that can be a bad hit to the economy consumer spending is 70%.
As an investor.
I would think that you would maybe shying away from sectors that are that consumer driven is I strategy.
You frame it -- -- pointed is very well take you know I think it's very much being overlooked it it in this at this juncture I mean you -- a horrible contraction on Wall Street.
That is clearly -- driver of the New York economy of the national economy that's really important discretionary excess dollars that are coming out.
And I'm certainly not to belittle that I just think that the middle.
With this -- -- beginning to get better confidence that housing market is so important with stabilization -- -- may be an uptick on the horizon.
I think the economy can be okay this -- for the balance of the latest bullish on gold.
I am extra read and yeah.
Ever -- -- -- spent a hard.
Gold has been very I ask you want but put it in the context of the past ten years gold has been heads and so is the best investment.
Every single Central Bank -- out there is doing one thing they are destroying.
Currency they think that's their answer they think they're gonna create liquidity its lowest rates low enough.
The whole world will be OK the reality is every single step they take is removing currency value of Paper currency increasing the value of -- Our -- all -- as -- the middle of a market sell up one payment is up near today's substantially is the Russell 2000 small cap stocks.
Growth stocks do you like that crowd or is -- time to jump out because the run up that we small cap growth stocks lot of it that's the place to be in this market if you look at it over the past 1012 years.
They have wildly under perform basically since the tech bust in 2000.
If you're talking about a from a value perspective the value was really in small cap growth.
Howard Rosen and Krantz didn't say M a -- is still bullish on note.
Can.
