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And that and David joy woody looking -- right now well I'm watching the US dollar I wanna see whether or not this flight to quality is continuing worldwide you -- putting pressure.
Downward pressure on commodity prices don't pressure on bond you know all its its.
It is definitely a driver here I have to do is look at commodities vs the US dollar and and you can see exactly and -- ended the same time uniting it happening gold.
-- that tells me that there's -- fear of Central Bank convention.
Are we need to get to JPMorgan thanks guys for JPMorgan of course is everybody knows embroiled in this firestorm over those massive trading losses massive.
But really when you look at their entire portfolio and all of their revenues two to five billion vs 200 billion they bring in but.
Either way David Joyce says this is your opportunity to -- David is the chief market strategist at Ameriprise Financial.
Billion dollars -- assets two billion nothing.
And he's here at a Fox Business exclusive -- you're saying JPM is a five.
I think so at 33 dollars a share earning.
What's interesting about this trading losses at first of all these things to happen now this is a big one but they do happen.
But the market reaction which you -- probably seven rate times that amount off its market cap has resulted in -- buying opportunity this is a bank is going to get beyond this.
They'll struggle -- -- this quarter as a result but they'll get beyond this.
And there are largest our strongest and still the best run -- this could really be a screaming buy when you look at it all hello.
People still feel that there isn't that much of -- is that -- -- perhaps you may have to be patient.
I think we gotta get back to a more normal earnings environment for the banks and that may still be a couple years away.
While you're waiting -- buying cheap -- into get a dividend yield that's probably around three and a half percent -- so.
Okay suddenly we're at the highs of the session UN I had a -- the last time you -- on review -- that the Dow Jones industrials.
In fact it's not a what I I didn't -- it's all right I'll pick it up.
I will doesn't Buffett went pick up but -- if not I thought I would bet David but a nickel -- that the Dow would be positive for the month.
-- just took the opposite yeah.
Because I'm more of an optimist and you want to governor -- it looks like -- even with this high the session right now up about 46 points might be right although I don't -- Charlie gold what are we looking at here.
Now that would down for the month OK but still looks like it's down for the -- yeah I hand over to David joy.
The nickel unless you wanna double practicing double down we can go for the month of June.
Let's go analyst Stuart you choose for first -- You wanna be optimistic -- -- will be up for -- okay I doubt Daria Dolan I think we'll put both of us are that I got I got the ten cents here.
-- when it comes down to David -- is coming back to name some stock names he really likes right now in this.
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