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4Q Market Expectations

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  • Description

    Prudential Annuities market strategist Quincy Krosby gives her outlook for the markets.

  • Duration 2:47
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In Europe now aside from any unforeseen obstacles though.

My next guest expects the markets will hold out well for the rest of the year thanks to what she calls me.

Quantitative easing safety net joining me would mourn her outlook for the fourth quarter is Prudential -- chief market strategist.

Quincy Crosby Quincy thank you so much for joining us do you really see QE as a safety net I'm why.

Just in terms of the market I mean what wouldn't it wouldn't value judgment regarding QE is something differently just look at the markets.

What -- fourth quarter typically is a good quarter for the markets you have seasonality for example and technology.

You have seasonality believe it or not even in this deal that the sector so we don't for the fourth quarter.

Are you may see some pullback you'll see buying and then the other thing -- -- in the fourth quarter.

Typically every single year is catching up window dressing.

Does -- mean that the year is is blasted and the markets come down you'll still see window dressing because.

Portfolio managers hedge fund managers want to best their competitors that helps in the fourth quarter.

Well I've also had quite a lot of -- profit and earnings warnings from some pretty up prominent companies FedEx and Caterpillar doesn't have Mario.

It's certainly does but you know the more those worries come into the market before we actually get deep into the earnings season.

The fact -- you but you you set yourself up from positive surprises.

And you see today what markets trying take to get back into positive territory all day today.

Going into positive -- despite some of those rallies in the -- demonstrations in Europe.

The market.

Feels like it wants to go higher is it QE -- the fact that they know the Chinese will come -- with more stimulus.

Mad isn't the fact that you know the Europeans will probably cut a deal with Greece and with Spain.

And delay and delay being that the payments that's what the market is seeing right now.

Stimulus monetary policy from all over the world.

-- Quincy quickly with that in mind what sectors in particular deal like.

Well you know what technology should get a nice bit going into the next couple of months once we -- -- that that the the quarter.

Also I think that what should get in and you start seeing a pullback as we are today and he's home builder stocks in some of the other derivatives of homebuilders.

-- including financials I think you should see that also get a -- remember the Fed is not done they want to see the housing market.

Even at the margin do better and that should help some of the banks that that work with with that homebuilders and worked with mortgages.

Very did Quincy.

-- we thank you so much for joining us we appreciate.

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