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Stifel Nicolaus Managing Director David Lutz on the markets doing well despite the trend that September is seen as the worst month for stocks.
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September historically known to be the worst month for stocks but this month bucking the trend as we said all three major indices higher.
My next guest says he knows why and he also feels there's a way to play this.
Very easily and very quickly she is in a Fox Business exclusive David -- Stiefel Nicholas managing director he's got.
A near a 126.
Billion dollars.
Under management and I'm assuming your op yes and -- Thanks let's yes absolutely Stiefel has been picking up managers we've been picking up assets we've been doing a great job.
You know the fascinating thing about September that you mention.
It is -- you know we heard at the beginning of the month at September always the worst month for stocks -- -- seventy or why is this one different what you know what I think it's a measure the quantitative easing that's been going on it's been some resolution about the Euro zone crisis a bond buying plan.
What hasn't resolved anything it's certainly take some of the pressure off some of the near term pressure the market.
And the fascinating thing is that going back about twenty years September's that where -- strong 1996.
We saw an 8% gain.
In the fourth quarter in 199823%.
Team.
There was a fantastic -- on Wall Street Journal today talking about the number of 1% down days that we've seen this quarter.
None not one down debt and what's interest thing about that since 19100.
They've noticed a sixteen times.
Market -- averaged 6% return over the next six months there's definitely tell when that this market's back OK so what are your tea leaves telling us for the rest of 2012.
Well you know -- I can look at -- -- -- look at a lot of asset flows going into some of the exchange traded funds because exchange traded funds continue to pick -- more more assets relative to mutual funds are bigger driver of the market that a couple that makes me nervous sometimes you know -- in some areas of -- you know I could sit and argue with you about that together could be some problems -- some memorial liquid ones -- you know when the more liquid -- no not at this point in time -- it's becoming -- more combustible -- in retail people to go -- and dive into the market which is good.
The accent me which is a metal and mining CTF it's picked up 30% of assets in the last month alone thank you QE that's been helping and a lot.
Homebuilders anything relating to the housing market right now we continue to get more more positive data points for house -- We keep getting the MBS program out of the Fed they're gonna be buying some more mortgages they're targeting that's so any ETF that's related to homebuilders have been picking up assets whether it's CX HB or the ITV -- -- the pure play homebuilders reits have been picking up assets -- -- -- Who's this benefit it's been benefiting the financials.
And he just told you where the flows are going and out of treasuries -- David Lutz has so much more again more than a 126.
Billion in assets under management of wanna listen to what you have to say.
He's coming right back you've got to hear that.
