You're watching...
Holland Balanced Fund President Mike Holland on how the outcome of the Presidential race will affect the economy’s outlook.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Us now another great positive Michael the president and founder of the Holland balanced by by great to have you here great to -- here in this market -- -- I'm watching.
Some.
Business -- Some you read some your watch and they act like this is -- herbal time.
That I mean that witnessed creeping cataclysm upon us are the markets don't seem to understand.
How business media work every one of the world is that disconnect about.
The disconnect from the headlines to the real world is that the US stock markets up over 12% year to date less the average person street that would bear market they're losing money.
-- yesterday.
Cisco wonderful company.
Increased its dividend 75%.
Snow yielding over 3% when the world's great Cummings.
Intel yields over 3% to have all of these all of the news you talk about Angela Merkel.
If chambers keeps up he's not going to be a pariah -- -- all -- and you -- is gonna be a -- he's actually done pretty good job very difficult environment and a lot of companies have done the same thing.
In this incredible environment the best places to be to hide the places people have been afraid.
Including high tech companies the world's great -- franchises.
Throughout industries around the world.
So what's happened is these things have been sold down to levels that people.
Have given them away and they don't believe that the you can make money in these things an individual investor who's gone through the last several years has not likely to be lured into this market.
And we can argue whether they should or should not very it is definitely still a very.
Well in difficult market to put it mildly despite the appreciation.
The economy broadly.
If he seems to have pockets of strength it's still while its anemic it is wrote.
What are your expectations.
For the the extra maladies if you well.
This -- program earlier a lot of that is can hinge on November.
If there is a regime change.
And I think some of the in anticipation of the regime change is being priced into the market early normally.
The stock market doesn't markets don't really pay attention until September October to what's going on presidential let's just go through history.
This time around it's a bigger deal the Ryan thing needed more focused we've got a lot of other things going on your reporting them.
I think there's a lot more interest in this going on right now the stock market with the potential regime change it.
Liberal Democrat -- the conservative Republican forget all of those people the markets would like -- regime change.
And and the markets are -- to some degree already reflecting what they see is at least a whiff of the possibility.
Of a a change in national leadership if I may use that expression rather than regime change.
Yes and yes you can use -- in the fact is that that the the numbers that are being cited throughout.
All the stuff is going on the planet it's going on right now actually give some some sustenance to -- to -- I think the answer is if if we move closer to November and looks as if things continue in this direction.
The market which is up 12% may be -- more.
We're also watching strong performance in the markets at least in Europe our weakness in Asia still.
What is your expectation -- there both Asia and -- Europe's very cheap probably should be cheap things are tough -- Asia much different story.
The Chinese say what they're gonna do they do it he said they're gonna slow things down and slow them down say they're gonna rent them back -- they will.
Right Michael -- -- producer for a.
