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The market up -- we just -- their stock's struggling to hold on to gains today our first guest this hour says volatility is here to -- but that should not keep you on the sidelines joining us now us.
Ted Parrish that is director of investments at Gensler financial group.
Take -- for joining us so what are your thoughts on this market what's the best way to play it.
I think this markets.
You know is going to be volatile there's well analysts say.
Wall Street the market climbs a wall of worry and there's this is not different this time around -- a lot of things they have to work up the work out.
But I like this market -- think now's the time to be a little more defensive but still have some growth in your portfolio.
And that that's how we're -- position right now.
OK -- consumer Staples.
And consumer discretionary is wit which might be a little how often during -- changing position.
Just head giving this wall of worry describing you know every day two different headline whether it's from Europe our own economic scenario.
Talking about the volatility so how quickly -- have to change positions.
Military's position is very often I -- we have.
-- come into the year -- they might be adjusted during the year but.
You know as it is more very longer term focused.
There are some names that would make change around of the long term picture changes for -- and we have the -- did the news at that comes and I mean right now we're avoiding financials because we don't see any improvement.
In the traditional banking space.
In the next few years I mean and -- the global banks are definitely.
And a little bit of trouble because unlike other small amount of -- voted to Greece did those banks have they have much more exposure to say Spain and Italy so.
I think that's an area we see problems.
I noticed you like energy stocks.
Kind of a break for Thanksgiving and the price of oil has Columbia so much what do you like -- -- may be focusing on refiners because they can get a better margin at this point her.
Well it's been a really rough draft free energy stocks and we are we have some of the smaller integrated as well some -- large integrators -- -- -- Exxon and Chevron as well Apache announced today I don't we think -- -- long term picture for those companies are good because they keep investing in overtime.
You know that -- -- dollar cost average in into their reserves which will.
It will prove positive in the future because all of the -- gonna continue to increase over the net over the long term near term it's -- it's an issue in those companies have gotten hit.
But -- were not look at near term so we're gonna hold on to our whole position.
But it has definitely -- us this year.
Multinationals I noticed that you put those on -- like list but the dollar's gained strength.
Recently -- does that impact your outlook at all.
Doesn't really a brighter outlook Gonzales may have to come down because of the translation when -- come out -- but that meant that the best way to play.
That the market is they have multinational companies because -- investing in emerging markets as well as some of the more developed marked as Europe's problem right now but.
All our companies have more exposure to the US and we we're doing just fine here.
We can use a little more growth but most of our companies are definitely -- don't -- 'cause they're multinational.
I think the entire world is little more growth and -- -- thank you can a chancellor financial group pleasure to have you thanks -- Thanks randomly.