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Independent investment advisor Jeremy Hare on why he sees a correction ahead for the markets and how investors can plan for it.
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The Dow SOP NASDAQ and Russell.
So while you weren't look -- -- paying attention because we were focus maybe on data today.
All of them up more than 20%.
Over the past year.
The big question will this rally continue or are we headed for a pull back spending the last hour of trading at Fox Business exclusive with us is Jeremy Kerr.
He's independent investment -- -- half a billion in assets under management.
Thank John scorpion it just said while it's moving on papers this market doesn't seem to have hitting roadblocks in front of it what do you -- I totally disagree.
-- -- actually think you're gonna see.
A -- I think on a technical level.
You're gonna see the market push a little bit more.
And we're gonna have about a 10% pullback in here okay -- a correction to me it is and I actually think that you're gonna have a pullback I think there's a lot of things that are happening in the market that you really need to pay attention to and if you take a look it really hasn't been that everybody keeps pouring money into the market.
And there hasn't really been that big pullback I think you're gonna get in here -- develops.
-- -- right now.
That doesn't look what.
Too much of a pullback to me that you're saying what it it to touch -- this hot stove -- 1450 then we will see a pullback of what has to say 10% I think you're not about a 10% pullback.
Tell me how to position my portfolio right now to be ready for that.
We'll -- -- that I would do as I start to put some stops into your portfolio I start to.
Ticket the stocks have to have it to be profits in and maybe 5% from here start to put some stops and an instructor -- -- some cash and I think that that's a really good way to do it.
Stop losses everybody set up.
Is -- ahead of anything that might happen you say you know what if it hits this -- sell.
Exactly -- -- so let's talk specifically about.
-- -- -- We at Jeffrey Rosenberg -- -- here yesterday and he said he human likes corporate bonds right now yes there's a little bit of risk but there's some really decent dividends.
He liked it better than equities.
You don't why.
I think that the bond market is a very crowded -- especially corporate bond market yeah.
Typically the ends of the push on the bond bubble.
Is the retail investor starts to put billions of dollars into corporate bond funds you're starting to see that over the last couple weeks 9000000004 billion into these markets and I just think that its release coming to the end stern agency today the treasury market sell off.
And if the Fed doesn't command -- sort of support the market you're gonna have some pressure her what was last time resolved one point 7% yield on the ten -- it's been a wild has such a flight to quality where do you stand on treasuries.
I would not be buying treasuries and -- -- -- you agree with Jeff Rosenberg on Saturday that it just feel -- -- money doesn't it intends I would rather being cash right now rather than.
One point 7% and thing here have a lot more downside in the market and given opportunities and to move that cash quickly.
-- -- if this market started to look like it was turning where would you put that cash.
I would put into some large cap dividend stocks I think that those -- the areas where you can get a coupon what the corporate bond -- get the upside.
I think that there was really the areas that I would be looking -- in -- but I don't wouldn't do that hoisted up pullback.
Jeremy is coming back in just a minute he's gonna name those large caps that he really likes Jeremy -- in at just.
