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Robert W. Baird investment strategist William Delwiche on the sectors that should be on investors’ radar.
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We're gonna keep bonnet as these markets continue to move higher big piece of this the Fed's decision today where is the next play for your portfolio.
Here it -- best ways -- some money.
-- don't question investors cancer Robert W -- but we've got the bug up once again we're looking at this final number what do you make of this other place to be made.
In the last ten minutes of trading under the law.
-- I wouldn't look at the last ten minutes of trading I'd I'd look at a longer term view and you step back fervent a few months and and you look at the excessive investor optimism we have right now and even if we do get a new high in the S&P area.
So -- are in -- the Dow.
And I looked to -- a little more defensive in the near term before getting a little more aggressive with more cyclical areas as we move into the summer months.
OK fair enough so you are a little cautious and -- many analysts -- but it's it's a little fun to have up.
That's at these numbers and we don't.
Couldn't really understand -- -- certainly wasn't the consumer names are markets reporter at the New York Stock Exchange talking about all -- the big consumer names sitting at -- daily highs today fresh all time I didn't -- as well you like.
The consumer weren't.
I hit in the near term I like consumer staples for their defensive characteristics yes I don't get into specific companies -- and I commend recommending any right here but but staples right now looked to be doing pretty well there's obviously news in that sector that that's helping it.
But underneath the surface you've got broad participation you've -- good momentum and and they seem to be doing pretty well relative to the rest of the recipe right now.
-- maybe a buy on the dip with consumer staples do you feel the same way about the health care -- traditionally very defensive.
Area to -- -- with -- that's males Reeve was saved by on the steps be patient enough evidence.
This certainly health -- -- interesting this year because if you like you said it's typically defensive but it's it's been one of the best sector's year to date and so we've we've gotten away from some of those defensive characteristics that that we've come to expect out of health care but overall if you look at the press the the the health care sector you look at the demographics of the country.
Health care looks like not just a -- the -- but it looks like a longer term investment firms for investors right here.
One of the big the big.
-- positive place for 2012 was the technology sector but there's been a lot of disinterest.
And and frankly a pullback if you well in the technology sector of course and a piece about has -- apple.
That another group where you're looking for a pullback or would you avoid -- I -- I would avoid it right here I think ultimately technology is going is going to work if you look at below the surface come so some of the smaller and mid cap areas of technology seem to be doing better like you said you can get rid of apple which is elephant in the room there and the sector overall looks a little bit better but.
But again I would wait to to see a change in trend.
Come in the technology sector perhaps later this year to to really get aggressive there.
You know we've been talking so much about the Fed today obviously with the decision -- the speech from the Fed Chairman.
Worsening of four years now of the Fed just pushing liquidity -- of these markets 85 billion dollars a month and is not gonna stop.
Do you think that the markets woods would survive -- than -- we got a pullback from the battle -- You know I almost think that would be the best thing for the for the markets over a longer term perspective it would force the fiscal policy makers stood to finally make some decisions and we could start to make -- -- -- longer term progress in terms of economic growth and and move to -- a new secular bull market.
As on this offense supporting the market and is is pumping liquidity into the market that makes it that much harder for the fiscal policy makers -- to step up to the plate and and make the tough decisions that need to be made.
Autism are watching the dollar there let's -- the dollar today but real quick gold.
The gold is still something that you would recommend cracked -- long.
-- -- yeah the the thesis behind gold is Central Bank printing in and so now we not only have the Fed printing but we have the Bank of Japan printing we have pretty much every major Central Bank.
Looking for ways to get more liquidity in the market ultimately that's can be good for gold come near near term that that hasn't worked out so well but I don't think that secular story has has run its course yet.
Okay will adolescents from playing a course driver to be very investment strategist is not sweat the last few minutes but we certainly.
