You're watching...
AIS Group Partner CIO John Hummel and Unified Trust Managing Director Kevin Avent on where to invest in this market environment.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
And let's bring in our market can't -- if not probably as the group partners president and CIO.
And Kevin events unified trust managing director of wealth.
Management good to see you both guys so what John.
First you.
Let's talk about gold we saw this big dip on gold today there's word.
-- originally last week were being told we may have competitive.
Currencies.
A race to the bottom if you will about the value -- currency -- increase exports.
Today word came out.
That in fact a lot of nations are trying to -- -- trying to give the impression any way of strengthening their currency and gold took a drop.
As a result would you get in at this point or is it time to dump her goal -- where we've been bullish on goals some sort of 2002.
And we continue to believe it gold was on a two decade ago bull market we're still in the middle of that bull markets or you buying today as you see the drop.
We we we're buying when their money comes in yes.
Alright Kevin event that way to jump in on that same topic -- talk about gold and what your thoughts are.
We like build -- and and a negative real interest rate environment but we are a little bit more underweight this year than we were last year just because we think the risk of economic global calamity is certainly less than it was that this time last year so up.
Don't ceased -- as strong as it was last year Kevin.
This is what -- in about the current market a lot of people say that it's not gonna be growing this year as much as it was -- but last year we had.
All this uncertainty uncertainty about Europe uncertainty about who was gonna get elected in the states and certainly if if the president was reelected about what was gonna -- with taxes.
We have a lot of that certainly now nailed down or at least more or less so we still have questions about the debt etc.
But with more certainly now why is that the market set to increase as much this year as it did last year.
Well -- when you get you -- you have more risk you have more reward right so when you have more certainty certainly we've seen a rally alphabet but.
We would be surprised if we saw the returns for Tony thirteen like we did in 2012 just because.
There was more uncertainty last year and and actually got result in a positive fashion.
So would with a less risk less reward good point.
Don't talk to you recommend of going abroad really not that hot on the US -- -- you in enjoy.
Looking abroad for it the returns what are you looking -- in particular well.
I -- we think the developing world is really the engine of growth and so we're looking at anything that we think the developing world needs.
You're watching -- our consumers -- the middle class in the developing world just absolutely exploding it's estimated that China's middle class.
Will be three times bigger by the end of this decade.
So we think their commodity intensive.
We're very bullish on nothing's like grains because of the movement it more muted as people become wealthier.
We're very bullish on and on oil because we think that the world's gonna have a difficult time producing sufficient by the way a couple of picks that you have -- GO space tech corporation or -- both oil and gas companies.
The correct.
Looking offshore -- -- bought share -- sure offshore areas is going to be.
Very challenging -- these are both companies that have excellent technology to enable oil companies to.
All right gentlemen thank you both so much bullish but in different areas -- -- -- Kevin event thank you thanks John thanks Kevin we'll go all the.
