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Prudential financial market strategist Quincy Krosby on whether retail investors should wait for a pullback or enter the market now.
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-- -- -- -- -- But we were talking earlier about how the retail guys sitting on the -- -- listening to what we're saying right now saying.
You know we should wait the market's gonna pull back but every time we tell them to -- they don't get in shouldn't at this -- -- just say yeah this thing could just take off.
Well you know -- -- this.
One of the reasons we always tell retail investors is just to stop working slowly working your way and working your way and -- you -- if you if you -- have a 100% don't put a 100% in right now you're gonna have a good.
Opportunity to work your way and at lower levels.
But certainly absolutely certainly you know work your way and take a look at the that companies the sectors that haven't been doing that well at this point.
They will probably get a leg up as as the market gains more traction.
And more momentum based on better economic data and of course the underwriting from the Federal Reserve.
-- like the financial is anyone in particular I know that JPMorgan and wells Fargo's seem to get high marks any time we talk about the financial sector do you like those banks and any outlooks well.
I wish I could say specifically but I will say I will say that's -- many of the big former investment banks did not get good Max under the stress test.
We would be looking at those as those share prices got punished.
Because the fact is those are the very institutions that will be working with MMA activity that is going to picked up.
As long as the backed up for the market stays benign they're going to do very well there.
So we would look at that we would look at those who are gonna do well with as the mortgages take a look at the mortgages.
-- -- mortgages are going to be offered that's going to affect many banks and as jobs improve that is going to help the banks as well -- steepen the yield curve.
Helps the financials something we haven't had an over eleven months with a -- -- yield curve is that ten year Steele starts to rise.
Thank you so much Quincy Crosby thank you -- sorry for the interrupt Obama with an.
