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The -- -- continues to edge closer to its all time high our next guest says now's the time to dump.
Two of the hottest sectors in the markets housing and financials hot show murder -- stay away from housing and financial stocks his political capital managing partner.
Good to see you -- why do you say and I quote this is a quoting here you hate financials and housing hates.
That's that's right -- lucky you have this administration right now that has the bulge bracket banks and it's cross hairs.
Is sealed now -- Mary Jo White going in as the SEC director of up going forward they're guys I have to say I don't see anything it's gonna help the financials it's at the -- -- human capital that the bulge bracket banks have made able to report solid earnings but going forward.
It need that risk component and it's just not there right now so my question where the revenues are going to be so it's great to sell it to the strength now but I would definitely go on the sidelines -- -- the foreseeable future.
OK and they can understand you're you're you know you're trepidation about maybe the major financials what -- regionals original banks have also been one of the biggest and strongest performers of 2000 while.
Maybe that's a piece of the financial -- alike.
That's right and that's a wild card I would say go to there's regionals look and it's he banks are good -- -- -- -- buffalo.
They took cover a ton of these mortgages from Wells Fargo -- they were able to turn them around.
They are profiting very well that's a great company.
And also look at frost bankers down -- taxes they've done exceptionally well so if you wanna concentrate on there's regionals this would work well for him.
You don't every bank which -- gut guy you're you're nice guy I would note that you do like consumer discretionary I do wonder though.
Which it has again been one of the better sectors of the year over the last year up 21% but.
Paychecks are a lot smaller now are you concerned that this group I -- some pressure.
What could actually -- looked on forward I have to say Cheryl I mean people are going out to continue to spent.
You cannot stop the resiliency of the American consumers so when I look at some of the big box retailers -- start -- Canada's consumer discretionary names they're gonna continue to do well.
And we've seen that look I think a lot of given -- a lot of pent up demand.
Holiday retail sales were not that great and your right to take home pay is a little bit got smaller -- -- go forward for this year what -- your salad.
Certainly is I don't ask you about this also a couple of travel -- picks that you have and I think this is interesting alike and a high it -- like.
I'm Mary -- you know like Carnival cruise line.
Again did during the recession they didn't need too bad -- do you stick with these names again if we don't know what the economy is gonna do after the fiscal -- disaster.
What look here's the difference though with their travel and leisure index the reason why it's doing well it has.
Has done well mainly because a business travelers now you have the actual resort traveler.
They leisure I -- -- and that's why I like a Carnival Cruise -- but people still get sick on these cruises but they're -- -- to that especially the baby boomers say lobbies on inclusive deals.
Carnival is actually going to be one debate winners especially now.
There were in that vacation season people want to get away because of the -- Well part about twenty some percent over the last three don't think that it's got its gonna take a little bit of a pause I mean that's a pretty big -- up for Carnival.
Now you have to have real solid evidence out there -- actually say just because a stock went up.
It's now time to pull back what you wanna say you -- to continue to look at the man.
You still see the average rates for these have for these rooms of these cabins that are going higher right now -- their peak time it's going to continue through Easter.
This is a reason why you want to invest in a Carnival -- -- I would say.
Probably going into the fall -- will be the time you wanna sell off but are right now there's a great time they have to buy that stock and.
-- short term timeframe do you also like love -- else like delta so you've been traveling that's where the -- to come from touch ellenberger thank you -- gives AF.
Thank you -- are likewise.
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