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Get -- speaking of FaceBook my next guest just cut his off that's right power present -- buy that stock that doesn't work with this funds.
He is -- squared CEO and president 50% of his portfolio was in cash a year ago but right now.
Sticking a win more bullish stance what you're you're fully invested in nine out of the ten S&P sectors.
Actually nine of the nine.
So we only look at the nine sectors of Telekom gets woven into the technology OK so we have all of whom and you could wind Telecom and technology -- -- -- -- through ETFs and so that's the way the -- plays out.
BS so you know we were pretty defensive back all the way through May but starting in June we took a very bullish stance we continue and I will tell -- But three of the nine sectors -- -- -- show some serious weakness.
And volatilities picked up so well I think over the next several weeks or month or so we may see started -- Here here -- -- of the vertex premium alpha -- and you have to vertex outlook cater fund.
The vertex premium is up 12% over the past -- your second went up 9% over the -- you tell me what you see in June.
That flip the switch to say now I'm -- -- and I'm putting money back in the markets.
Volatilities been coming down all year which has been a great -- -- -- -- really spike in a year ago -- it's been pretty steady decline sets are looking pretty constructive.
And then really out of the main window.
You start seeing a lot of stability in the price growth in those are two of the more important things we look at.
But did the stability the price trends coupled with the attractive volatility trend.
And it that we turn all the nine sectors on -- maintain that stance what's interesting is -- US equity we have fixed income international as well.
Every single asset class every single sector we can look at is been positive and -- right now squirrel -- our way out there.
We've we've just had a guest yesterday in the 4 o'clock -- -- watch out the volatility is going to start to climb.
Do you see it that way.
Ten days ago.
We saw bottomed on the volatilities been taken back up again and that's what we had a couple of our sectors really start to show some weakness.
And so you know technology.
Energy materials are all -- show weakness volatilities not -- out.
Do you have a hedge.
Or do you feel your funds and and the assets within them are -- -- enough.
Well our specialty is being able to apply really aggressive downside risk management.
Sort of things we can do is if we think -- sector is getting dangerous -- we can remove it entirely from the portfolio that we got a boom gone.
And so and then eventually if we drop enough of those nine sectors -- are building a positioning cash.
So we really can aggressively.
Some of the names to happen some of these funds Johnson & Johnson.
GE -- certainty in DuPont didn't.
Didn't excite people with their earnings reports that doesn't that doesn't shake your.
-- -- we buy through the tee off.
So it's a basket trade if we like consumer discretionary organ on all of -- Even despite your bullishness the doubts as to get session lows we're down about 31 point.
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