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In April points right now our next guest though says the springs flight isn't full of -- but.
There are many reasons to be positive jumped on top LPL financial chief market strategist.
Joins me now it's good to see you I have to ask you about -- a big part of today's selloff is based.
On worries about Greece leaving the bureau -- -- -- -- pretty much confirmed that yesterday how do you respond to that -- -- -- -- -- Well it certainly a possibility it has to remain a possibility.
At least through those June 17 elections -- trying to encourage.
And outcome not among the parties that are.
Pro austerity or pro bailout that passed suck and that and the -- -- in the new Democrats I think that that's key got to keep pressure on Europe.
So that we get to a point where we can perhaps see a little bit further down the road.
As to how they're going to integrate.
These different and disparate.
-- fiscal policies across the zone.
I don't think that this is a huge step back.
We took two big steps forward in Europe late last year.
Be moving towards austerity in changing government we're taking a little bit of a step back now it echoes what we've seen in the spring of each of the last couple of years.
But they'll think this is gonna.
Jeff you brought that up here in this country if you look at the S&P 5020102011.
We had a huge slide.
Up sixteen -- 19% spread over the summer months of those years are we gonna have that this year.
I think it while we've been calling for its -- pull back.
And we deal recommended RR advisors you take their clients did -- more defensive positions even cash a couple of months ago I don't think it's gonna be as severe as the last couple of years what we've been saying is that sixteen to 19% the last couple of years.
-- lessons similar factors but there's a mitigating factors this time around that may make the losses would not quite as severe -- Central banks around the world are cutting rates now instead of hiking them as they were even just a year ago that China for example -- cutting rates three times that are out.
Inflation's coming down around the globe oil prices are falling rather than rising.
That's a plus.
You've also got housing showing signs of picking up this year we did not see last year and finally -- auto production schedules are helping to support manufacturing output so that we also -- haven't either of the last two sovereign.
For LA go Jeff sectors that you like that our viewers should Biden now.
As we go into the summer months.
How you know we're still -- little bit defensive but keep your shopping list ready I wouldn't buy them now but look to technology and industrials.
In the media -- -- key places to buy back when the turn comes but.
Don't expect that's coming here in the next still weaker 200.
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