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It's in Cyprus and today's -- than expected US economic -- shape the markets ahead.
Let's bring in -- him -- chairmen at Eisner -- personal wealth advisors congratulations on the title -- that's new isn't it and now you're welcome to our right so let's talk about how this all comes together because.
We could have two different people on those they ticket.
Things market's gonna pull back -- small markets to the races where are right.
And the market so far in the US have not shown any reaction -- fact -- you know we continue do to accelerate.
I think that's because of the fundamentals here in the states and certainly.
He look now the US dollar very strong US banking system now certainly -- the more respected.
And then you look was tapping in the context of housing.
Certainly values and and prices their energy and the recovery continues.
Everyone recognizes its slow but it's real.
And therefore the volatility and -- could could possibly come from geo political not necessarily -- global economic civilian life.
Personally I don't know where would come from you have to see something significant in an unknown occur but we televise our clients expect anywhere from a hundred point.
Possibly 150 volatility at any given time just to be ready for that.
That's -- you know.
-- wing talk about almost a record level every day right right now is that meaningless all is it bringing more money in from the sidelines because I think some retail investors are still coming in with a money now right.
Add those are two very good point teammate we talked about it charter ordered a day when you look at -- the corporate earnings.
In book values were actually.
With the stock valuation grounds yes and -- that through await that trend has now reversed.
We're by now you have actually the market following much improved earnings per share and revenue in the book that.
So it's it's tough to argue that the market is overvalued.
Given that when you look back leading up to LA I and it was actually ahead.
Right it was ahead of all those -- so.
Very interesting observation as I think the retailers retail probably coming back in the -- and still feel very nervous do so.
So it's really left up to the large institutional and so forth.
To be investor because rightfully so you do you still have a lot of -- yes DC being one of them right I know you points in North Korea as something that bothers you geo politically.
Well right we're talking today about what what could happen to really.
You know give give nervousness to the markets globally and it could be it could be a North Korea issue it could be something happened in Syria has not Europe Europe's not funny anymore.
And Europe has been on this trajectory of recovery.
I -- we don't think that simply is going to be for Greece and an effective he saw the VP vice president the European Commission.
The real wide degree committed is Cyprus result will not be applied elsewhere because Cyprus has eight times -- his eight times as GDP represent my bank.
-- annual credit -- and water to Greece.
It's only three times in the far more securing their banking system far more regulation.
If something happened in degree increase you would not be taking a Cyprus model to -- are so -- it seemed to be in an element but it is it is a lesson.
For the EU we we learned -- as well.
And that is that you really have to pay attention your banking regulations you illustration you depositors should got to deposit -- And tax increase is Cyprus has had a 10% actually.
And for raising it to twelve point five.
We're still not significant so little this in mind Tim -- noticing -- you've -- your -- -- equities is still room to grow here what particular sectors or areas feel like.
Well first off what we advise our clients and we have many clients are also fixed income and then I should just save for a loan that would that would responding.
Each client is goes up undergoes a thorough rigorous personalize allocation model so we we don't use.
Pre fixed model right.
So we look at cash flows time horizon greater return analyses Crist tosses before that we design allocation models.
And and where that takes this is where that takes -- -- could be 6042 -- 730 could be an overweight -- to fixed income so with that said.
And and further most of our clients are following -- hawkish laws that we've seen no movement no clients expressing.
And overly overly concerned with respect to what's been going.
Nor even an eleven when we have the Moody's.
Bond reading drop down so.
We need the we need to reach out guys yes we can usable but most are staying -- -- to -- actually your question okay yes I -- in space thank you so much as always thanks for having me reduction.
All right coming up weeks of restrictions on six.
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