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David Dietze, Point View Wealth Management, on President Obama’s second-term agenda and how it impacts the market.
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-- -- President Obama tries to push -- his agenda for the next four years what can you do to make some money.
Right now for these next four years David -- -- you know management president chief investment strategist.
Joins me now first let's talk about where we had dinner last four years you look at the Dow the last four years.
We -- 65%.
S&P gained 75.
Per -- are you bullish about the next four years for the markets.
Yeah I am fundamentally I think we're a little overbought here but basically.
The Federal Reserve has done a masterful job at depreciating the value of our concern currency.
Lowering interest rates to the point where is now pushing asset prices not because.
Money it earns nothing -- a bank account there's nothing -- -- Money is going into stocks is going into longer dated bonds is starting to go into houses last year -- -- first here's to 2000 stick to the housing prices up so I think of that is wanted to keep the -- to -- down the money's gonna continue to follow the stock.
But but one of the things that has been a volatile sector in the last four years has been energy sector whether tighten about -- what you're talking about alternative -- after -- here's the thing coal stocks you say needs due to walk away from this group -- gonna be more pressure in this group -- this process yeah.
Absolutely and we heard from mr.
Obama's inaugural speech yesterday basically he renewed his push for clean energy and of course you start thinking about what's -- thirtieth energy out there and that's call in of course the other thing that's happened is because of the new technologies the so called fracking technologies have pushed down the price of natural gas that's also made coal.
Less economical so again.
Given mr.
Obama's initiatives and given where we are -- -- -- we would steer clear of.
Cole okay and another group that you do alike and that has been performing amazingly in the last -- your -- the technology sector if you look at the group over the last four years under this president -- up a 100%.
Whether he can take credit for that or not I'm not gonna say.
But you still say the technology is a positive were getting apple numbers tomorrow Google's coming out this week you're saying go for the tac.
Yes absolutely I mean detectives actually a little out of favour now because some of the larger legacy -- -- Microsoft's your Intel even your IBM's Hewlett-Packard.
Had an off here there's a lot of focus on apple but now of course we're seeing -- not everyone does want an iPhone 5 I don't some thought about galaxies out -- -- we think.
Given the superior dividends in the tech space in the fact that Intel Microsoft they've been growing those dividends double digits of the -- I did I think.
Given you know the continued need for more technology that you're gonna see more investors push into that area and we think that's an attractive.
All right see you look at Ford apple -- looking forward to Google but Intel disappointment -- your -- out of and yeah absolutely but you.
It seems to me it was over done by investors they told us what we already knew which is they don't have the foothold quite yet in the chips for the mobile sector but you know they're spending about seventeen billion.
Com into the research and development they'll get there.
On top of that people were cautious about -- capex plans right nevertheless you're enjoying a four point 4% dividend.
Given that the ten year treasury at one point eight that's track.
Last sector the but I -- wanna go through that is health care and that is indicative the president's health care legislation which was passed through in the last term going forward though.
What about the big pharmaceutical names what -- -- Johnson & Johnson why not your -- are these names to bet on.
In the next four year.
Well I you know basically -- and he basically I think.
We've heard in mr.
Obama's speech that there's still going to be Medicare for all every one need to health care safety net.
Nevertheless of course he did allude to the cost of it so you do need to be careful that -- -- -- price controls put on.
Your proprietary drugs some some of those concerns are already the stock kept above average -- -- of course pick up the global reach a lot of other countries want to cut health right we -- so basically fundamentally the -- and fighters and -- -- in this world we do like.
Dumb -- about Ambien David that's telling us man I want David -- thank you very much for coming into the CNN has always been.
