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Bring in our market panel we've got Kevin get this.
And Tyler first and you just -- a pretty lively discussion gentleman about all of this some.
Kevin also gives you the fixed income guy that's attempting to be -- very a little bit more conservative let's put it that way.
What do you see right now because over the past year if you were not -- -- you really kinda missed out in a way not to say that there are certain fixed income products that.
Didn't help you win but are you beginning to see or feel that the rally -- -- Well.
In Ellis they've been trying to kill the bond market all with all year long and I think all that's been achieved is that we got the ten year note to about -- 208 Bryant and and we driven it you know to a low of around 185 but -- settling in around 190 sort.
That the economy itself as as Marcus said earlier was.
If you haven't seen any great numbers even today's numbers were or a mixed bag in and consumer confidence dropped below sixty for the first time.
In a few -- you got.
You know while home prices are up sales are down you've got to -- mixed bag -- durable goods that's gonna keep as they say the Fed buying in the Fed's not gonna buy.
-- -- -- throughout this year which means rates are gonna kind of stay in a narrow range now most of the excitement has been in the equity market which I understand.
Is is a small problem today but so was sub prime in 2007 so he he can't just eliminate it -- you can't.
Tell what the effect of Greece and Spain and Italy if -- this thing blows up or gets worse so -- -- I -- a lot more crowded out tomorrow when they try to open those banks but Tyler let's bring it home for second here.
You point out that over a hundred companies have been lowering.
Their coming earnings forecasts only five -- actually -- it does that.
Make you a little more defensive.
Yeah I I think what we're not sellers at this point I think going into earnings season here in a couple weeks.
I think investors wanna get a little bit more defensive and I I think that's what you -- isn't -- bad.
Well I think you move into sectors like you saw leading today's market you you you enter in the health care you enter into staples you -- utilities.
Again it this this market reaching new highs today.
I was driven by defensive areas so I I don't think you wanna be a seller but I think you want to pare back on -- I think you wanna be in in bigger dividend players.
And I think getting into -- season we're not co announces you have to be a little wary of what companies are gonna say specifically because of the strong dollar and not a lot of people are talking about.
You know what that's gonna do to this earnings season well then why are you picking JPMorgan Tyler because of the banking sector wouldn't exactly be defensive at this point.
Well I think I think there's some real positives.
That are going for the banking sector specifically.
This Cyprus news I think.
Is going to be a real crisis of confidence in the European banks again I think we're gonna see a lot of money moved here to US banks we've had a lot of them an activity.
I think we're gonna see upgrades in the banking sector.
The lending a lot more money so I think in general earnings are going to be good so longer term I like the -- a lot -- like JPMorgan Kevin I got to ask you Ben Bernanke just upped his inflation count to 2.5 percent.
How could you possibly justify buying or anybody buying a ten year treasury when he yield on that is 600 basis point.
Below Ben Bernanke's inflation projection.
Yeah I think it admitted it if it becomes a tough call to -- treasury specially along into the market to with.
The improving economy but the the problem with that is is.
What -- were wrong what -- four.
What if geopolitical issues in Europe aren't fixed in one of the things that happened in the equity market are negative.
Then that -- about not about yield but about preservation of capital which is why the treasure market still see in a fair amount of buyers.
We have a great to your -- today we have a bad when neither we'll see over the next couple days how the -- the auctions go but it's.
Miller did to preserve your capital right now that's the only received by the Treasury's mind let me know -- -- before we got sort of quickly met in the Tyler's -- -- to see trail and we do have oil rising about four point 2% over the last recession by the way.
Huge dividends -- -- real well will be able talked about that more hopefully next time -- where -- Tyler Vernon good to see Kevin get us good to see you both gentlemen thanks very much excellent.