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Stocks barely holding on to the positive right now investors.
Big -- pulling almost 33 point seven billion dollars out of stocks this week.
In favor of bonds are showing a little bit nervous which sought inflows the bond market I did up two point six billion dollars -- the past week.
Our next guest says.
Don't worry because stocks can only go higher from here sky red Wells -- -- back senior equity strategist he joins us now -- I might setting this up right are you really saying hey don't worry if if this markets fluctuate a little bit here this rallies really gonna continue.
Well Sandra I don't know if you're setting -- -- -- exactly every I you know these stocks have been off to a great start I mean I think the market has more upside I think right now.
Because everybody's looking for a pullback because we're getting a little bit of chasing I think in the very near term we we're gonna see the market continue to grind higher but I feel pretty confident that at some point here as we move to the year -- have some opportunities to buy stocks.
At lower at -- lower levels I think the volatilities gonna pick up I'd love to see.
The market -- -- based on some uncertainty over what's going to go on with sequestration but tough but yeah I think right now a lot of people a spatial we have a lot of under invested retail investors -- Wells Fargo advisors.
They want to pull back in usually when that's the attitude it doesn't happen for awhile.
All right so where should -- -- -- where's the opportunity gonna cut going to come from what sectors do you like right now.
Well actually I think our game plan in 2012.
Is is really the same in 2013 and that's we want to be in those -- sectors of the market like consumer discretionary.
Like technology that we think -- gonna benefit from a continuation of the recovery here in the states.
And globally so on any of these pullbacks we have to nice pullbacks in 2012.
You know -- out their pound in the table saying hey these are the kind of sectors you wanna be end.
-- of the ones that are economically sensitive we don't want you to be defensive.
Sector performance -- has been a little more mix that I expected but I think as we move through the year it's going to be it's going to be a cyclical story this year.
Let's talk about possible head winds -- -- we -- are looking at is these rising gasoline prices obviously this could be.
A big problem at the consumer level if we continue to see oil prices rise -- right around 97 dollars a barrel now.
I means higher gas prices could this be a potential headwind for the markets.
Well you know that's a higher gas prices are just like attacks its money out of people's pocket you know the Middle East we know there's things going on over there we -- -- kind of fallen by the wayside it's on the back burner but there's a lot of things going on in the Middle East.
Could flare up at any time you know we drive oil prices higher here and that's definitely going to cut into consumer spending really good confidence number come out.
Despite -- -- you -- the this gas prices that are creeping up but you know you can get up over you get it for four above four dollars a gallon.
You know you're you're gonna have some cutback in consumer spending it's definitely going to be have -- Our rates of I get this right this time Scott it's in the short term the stock market's not a bad place debate right.
No I think I think so it has happened -- Sharon.
1218 point four month period.
I think the stock market's gonna do well the rest this year probably in 2014 as well we -- -- get him invested.
All right Scott -- and thanks for joining us on that Wells Fargo advisors as senior equity analyst.
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