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Thank you so much.
It has been up a really interesting but considerably rough week when you look at all of the trades that have happened and -- We sat there late this afternoon before the show we said let's -- -- the top of the show we want to bring in.
A big picture discussion with one hour left of the trading session we thought we bring in two very important experts to help you look forward.
To some of the major headwinds -- tail winds facing your investments.
Alec young is the global equity strategist at S&P capital IQ and -- Julian is the president of trade aviator.
He joins us from Irvine California both with very different perspectives but -- -- with you if investors are worried about Asia what they are today.
A does that matter next week when there's a different headline because you know there will be -- PD look at that say I've got some safe place.
I think a little bit of all I think what it doesn't really matter because there will be another headline yep remember China in general they have a very long term perspective of the market -- way they run their economy -- In the United States we think in terms of days weeks months thinking in terms of decades of centuries and they haven't.
-- -- government basically controls what's going on there so.
Remember they've been growing at that 10% 12% a year for thirty years.
And now -- slowing it down to 7% they might just coming in -- stimulate next week so again that that's a great comment you made.
And then you know stick with safe place -- look at your portfolio don't react to this news because -- your reactionary -- -- you're always gonna be behind the curve.
So look at you know the utility sector that's been strong a regardless what's going on -- in the global economy.
Look at -- health care look at the consumer Staples you know staying there's some great American companies that you can invest in else you have to have J&J.
Look at dot dollar tree is is another great companies -- a lot of released safe play ideas that we can go -- but to stay out kind of out of the state.
In math and many of them pay a dividend which we've talked about now for about a here Alec young.
-- when you talk about Johnny talk about other things that may or may not gyrate the markets we know one thing.
Two years ago when Ben Bernanke so called telegraphed.
That QE1 was coming from Jackson Hole where he gives -- big speech.
That same sort of speech coming up to August 31 and we don't know what he'll say but is that.
Sort of the most important day on your calendar right now waiting to hear what Ben Bernanke will say about perhaps adding more stimulus more help to this economy.
-- -- that's definitely going to be critical we think investors may have to wait for the September fed meeting but certainly there's a possibility he'll signal something earlier at the Jackson Hole speech but.
There's no doubt that whether it's the Fed or the ECB getting more proactive or the People's Bank of China.
This this anticipation of stimulus is really helping investors -- look through.
What are some pretty bleak fundamentals that we're getting from around the world but you know it's just a reminder that.
Markets are forward looking and the slowdown in China and other things are not new when they're things that people have been talking about for -- while they're pretty well priced into the market think the markets more forward looking at this point it's about.
Can the stimulus get us out of this and I and I think that's one of the reasons that the market's been able to shrug off these nasty -- -- It's from around the and -- -- you know -- week a year ago we were talking about this and when you stretch out the picture.
It sure looks a lot different than when your up close to a mosaic that looks a little square pieces of -- Guess what the picture came out to be Dow NASDAQ S&P and Russell 2000 all up double digit percentages over the past year.
Doesn't it pay in a way to still be in equities.
Absolutely have we raised our target on the S&P 515100.
On August 1 -- had -- 1450.
We see that -- a year that -- -- about 1440 by the end of the year so we seem continued modest gains for stocks and when you compare that.
So what's available on the treasury market or in money markets.
I think on a relative basis site income oriented growth stocks are really make a lot of sense for -- we -- and we're gonna have -- a few minutes to --