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Show what my next guest says -- -- global -- be the best month this year joining me in a Fox Business exclusive -- through palace say capital management executive vice president.
And co chief investment officer you love October we are now -- markets off to the race is still up over a hundred points.
One of the biggest reasons for your prediction for this October being so good.
Well the it's the global coordinated aspect of the liquidity that's coming from central banks around the globe.
And secondly many India nobles are about to become -- IE the election in the United States where the UR supporter of the president or.
It really doesn't matter we're gonna have somebody is going to be running this country on the first Wednesday.
November you say you've never seen a time when investors assume cranky what you mean -- have.
People think of think of this -- Ashley the markets are up mid teens for the year.
This is like a party that nobody was invited to when you think about it that's because the general public -- really not overly invested -- the market they've gotten much more defensive and who we see that in the weekly flows into.
Bond mutual funds out of equity funds and the numbers are staggering.
B cumulative totals exceed a trillion dollars into bond funds.
Get the net outflows out of domestic equity funds have been car approaching almost 600 million dollars 600 billion dollars excuse me.
But they cranky but they're also fearful on thing of this fiscal -- -- -- on on the government of overspending.
Com which many see as a huge.
-- you would you agree right and -- and the likelihood of our prolific.
Folk friends in Washington getting the policy right the first time is rather low which is why I think that.
-- high for the year will likely be made sometime in October.
And I think we'll see some sort of a pause and then perhaps -- climb back up you say a pause -- many people saying this market is in need desperate need of a correction 510%.
Would you agree with that.
Well it's difficult for me to this to be overly concerned given that liquidity is firmly in place and we don't have general participation.
By the public at large.
Many pension funds around the country have moved to more defensive strategies.
IE putting more money into bonds so -- the real extreme selling gonna come from there's also a large short interest in the equity markets right now.
So hedge funds by and large have not really participated long short.
Equity hedge funds have done quite poorly this year and have way underperformed the benchmark and in many cases have actually lost money for the year.
So that tells me that these guys are gonna have the have play catch up right now.
Liquidity driven markets are very very difficult to figure out when that's going to and and I would not want to bet against the Federal Reserve not just in this country.
But around the world.
Very good went missing out on that party united I would like to be invited that buddy alright -- going to be here for the out thank you so much thank you -- -- comments you'll be back.
Quote would be back to -- system.
How to best how about put your portfolio together for a total was what I'm trying to say in fact will be interest in Littleton new -- -- --
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