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Could be market moving just talking about at the eighty.
Companies were hiring at the slowest pace in five months.
-- the private sector adding just 150000.
Jobs in March that did fall short of expectations.
For a 200000.
Pop in hiring.
Joseph higher -- financial managing principal joins me -- I prefer to talk about.
This ADP report coming out today big disappointment does this foresee in your mind that the markets are gonna have a rough -- -- the continue to get this economic data that seems to be a bit disappointing.
Good morning -- If that continues to be disappointing.
I think it will it will be a rough week for stocks.
-- we're not seeing a huge downturn today and any -- you have highs as we've seen over the last couple weeks this is an opportunity for people to take some profits off the table so I don't.
I don't see it is -- foreboding of of something horrible in the stock market.
Well you know we don't quit we didn't get eighty -- got ISM it's -- -- -- about the employment component with -- -- SM the does that was also.
Fairly the weakest read we've had there since the month of November and unfortunately what this country look to -- what we've seen the last three year Japanese markets.
Great beginning to the year from 201020112012.
And then -- what do you know you get daylight says.
And you get a pullback in the second quarter.
Are you concerned.
We'll certainly am concerned the difficultly in attempting to tying the market though.
They all pulled back in the second quarter when they rebounded was very different in each of those years so he need did.
-- time at one to get out when to get back in I think it is very very difficult you -- guessed right twice so we think it's better to stay in the market.
We think overall.
By the end of the year -- investors do that to be very happy with their equity resolve.
Well I certainly hope -- the last three years as we look at our return to have been a bit frustrated despite all the new highs that we -- contributed something else there.
And kind of talk about overall what we're saying in the markets in a general sense because what we're saying at this point is really decent.
Housing numbers coming out you've got real estate market looking very strong right now.
That's been helping the financials more banks are loaning to more mortgage bar worst do you see opportunity there.
I do I and we think that the housing recovery.
Is just at its infancy.
In -- -- this disaster.
In no way it's really the slowest coming out -- -- we see some real opportunities in construction sector home building.
We think that.
That that's going to be strong.
For the next several years.
Okay and but you've added this is Michael up just a little bit by the end of the year correct -- We do and that's all part of being bullish on the -- and markets as well as this slow steady plodding recovery that we've seen.
-- essential way.
So eventually interest rates have to go up reflecting demand for borrowing in an expanding economy.
Yeah I think -- so you it doesn't -- the assumption -- that under a durable goods numbers that we've got is there's this big event.
Positive as well there's another opportunity ever nearest literally want to bring out her -- again in your problem -- the fifth person lost two weeks to come on the show and say.
Look overseas look into emerging markets for you say that -- national.
Emerging markets are really the place to go -- large cap large capsules visited these are that the best rivals to US multinationals -- Well we look at both hit a lot international.
We look at as a dual play really large cap international part of it is.
The yields are.
-- -- hundred basis points higher than they are on domestic large camps so we think there's an opportunity there we think that.
With all of the problems.
That have captured the headlines in Europe and as they solve those one by one we think -- lower valuations in Europe.
Have an opportunity.
We also think emerging markets which are generally smaller cap companies by definition.
Represented some real opportunities based on the growth and those -- The -- if you compare you know EA at bay which is MSCI as you know emerging markets vs the S&P mean that's.
That tells the story right there that's where a lot of money has been made recently will Joseph Hyder thank you very much it's good to have you on the show up -- to donate Cheryl take care.
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