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How should you be playing -- this market volatility.
Our first guest says he's 50%.
Cash right now so -- is -- planning to but all that money.
Back into the market joining us now is Marc -- CEO of land can wealth management mark.
Thanks for joining this is -- cash burning playing your pocket mean.
-- I would like to put -- back to work but -- in no hurry I think he got this presidential election coming up but you got the grease fire raising in Europe.
Deceleration in US employment there's enough uncertainty out there.
With the lack of good news fear trumps fundamental every single time and I'm I'm not looking to put it to work anytime soon.
So then you basically positioning itself for another pullback why and we got a really good earning season.
You know at the beginning of the year I talked about an eight to 12% total return which is in line with every presidential election year since -- that the early nineteen hundreds.
There's -- -- uncertainty out there right now so I do think we're gonna get a pull back.
The good news is its earnings have been really good about 90% of earnings have been reported about 70%.
Have beat -- so I'm excited.
Record earnings record GDP.
Good clean balance -- share repurchases I don't think this is a 20102011.
Pullback but -- -- 10% wouldn't surprise me.
And let's face it this is -- -- be -- rugged election year that -- it's not gonna be good for markets.
I'm gonna pounce on pullbacks and be a buyer because we will finish this year up in my opinion.
So I noticed that you like the technology sector one in particular do you like about -- mostly think merges and acquisitions are gonna stop heating up.
You know I do I love the technology sector right now in a -- growth economy.
I wanna owned dominant technology companies that are actually creating the markets and selling emerging markets as well because they're still the fastest growing economy.
Technology is not like the old days when the balance sheets were out of -- in debt heavy.
Their cash risk company that are growing at double digits that are changing lives I -- -- own those types of companies in a pullback I think he can be triple Q us you know like your apples -- Google's or Microsoft's and there.
Because you get broad based exposure to get a nice pop.
Mergers and acquisitions Vanguard's.
-- growth I think your technology heavy there.
With trillion dollars plus of cash on S&P 500 balance -- they're looking to put that money to work these are acquisition targets I think that will heat up later this year as well.
So what's the rationale then for the fourth quarter pop that you're seeing -- in order to get to your numbers you're saying we -- back basically between now and October we come up again last quarter why.
I think it's a fierce rally coming in the fourth quarter because America's an optimistic country.
I think this election I think people I think there will be changed invoked whether you're Republican or Democrat doesn't matter.
Historically speaking November December's are going to be very good years very good months in the market.
I think you finish record GDP record earnings in fear will give -- -- optimism.
I think near term though that the biggest fly -- -- for you today -- the municipal bond market in the next four months do you have a 140.
Billion dollars going to be paid out an interest in maturities there's only a 120 billion dollars of issuance those retail investors want to put twenty billion dollar somewhere near term.
Muni bonds could be had very good place for eight.
Very quickly -- you say you're looking forward to a nice bump at the end of the -- -- the guidance from some of these big companies especially -- Cisco Priceline.
It's not so optimistic.
You know it's really not but the bottom line is we're gonna have a lot more clarity in Europe we're gonna have a lot more clarity in the employment picture that employment picture is not -- in the world on fire but it's growing.
Web -- in the US elections.
And I do you think we're gonna be a record earnings yes guidance will be lower slow growth that's -- growth will be at a premium and you're at large growth in -- growth we'll get the best pop.
Alright but I like the optimism market kid and yet and the and the city Alabama and hit by the -- and I -- I --
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