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Well once again we are looking at a market that is again saying -- CA ready got the Dow right now down by six if -- points S&P and NASDAQ also.
Under pressure 14100555.
There in our next guest says that at this point.
This week's action shows a significant top is building.
In these markets Kathy -- taped -- as president Barbara -- bears here with me now but hearsay and you're seeing something very different right now.
You're saying that it's very easy for the -- -- that -- gain this year to evaporate.
And two weeks that could be now absolutely we have two and 3% down days like we've had now this week we're having -- bouncing ball.
Down 200 up a hundred down 200 who knows down fifty so -- today but.
We could easily lose to 3% a couple of days in a -- -- their goes your whole game for the year they're watching volatility we've been looking at the -- the fear gauge.
That has been and gaining by double did it did -- percentage rocket just this week and that's something else that you've been watching this rocketing and we owned -- -- which doesn't go a 100% with six but it's easy it's ETF.
They can play volatility so we own that and it's been trending up very nicely last couple -- days you know off so -- you're when you're looking at the major averages the Dow the S&P and the NASDAQ you know you're looking at stock -- you're saying that the that the top.
100 stocks are getting 80% of the volume.
So all the retail institutional money is chasing the saying.
100 stocks and that's dangerous seas act yes -- everybody's looking for -- -- there's no place to go everybody's worried about the fixed income many people Hillary took only have one way to go up.
So what do you do for fixed income you know -- long duration because 1% move in.
Interest rates up you can -- 10% a bond portfolio union no way replacing that ever.
Until -- come back and you have but you have to have an additional protection play for our viewers you got -- -- and one of them goes to bond yields I want to show this -- it's TV up pressure short.
Twenty year treasury remember this is the woman that short of the market three years ago recline -- a lot of money you say that this particular gut is this TBS is good.
If bond yields rise yes and absolutely now you can played a couple of ways you put it into a portfolio just -- -- your portfolio.
You can actually play it if you want to trade -- he can traded.
Rates are gonna go up it's just a matter wet and you could see this thing has bottomed out it's been trending up it won't go straight up but it goes the opposite of the price of the thirty year twenty year treasury you also like you -- is -- -- -- the Rangers equity bear ATF again it's just appear.
Protection -- you're moving clients nervous right now swap we actually have a position and it's offset some of the risk in our portfolios our philosophy is we try to miss the downside.
When you don't have to capture the whole upside if you lose 25 that's when -- -- when he tried to get even.
If you only lose ten.
You only need twelve to get even so -- lose ten and you miss some of the upside is still ahead.
Of the person has to get 25 just -- -- and you're saying diversification but not like traditionally are saying you know like you know watch yourself on the bottom if we do get a falling knife that you -- say -- tell her clients.
Do not try to catch the falling knife that is gold right now you're absolutely thanks anyway right I love gold long term but short term a lot of people that stops -- broken the resistance has gone.
And we're gonna get some bounces in here but I don't know that you want to jump in wholeheartedly right here -- -- because small position but you have some gold names that you like I think this is what is interesting because you sank.
-- in the contract overall but.
You've got the iShares gold -- alike and that what and then you've also got -- a UG LD NGX days -- actually got some of the secondary place to sweep on TVX Schafer why else.
And so we are okay on that I think we can average into -- -- here possibly for a bounce.
And then will work around that position but I think long term the miners will be a good place to go.
There's going to be inflation in the in the world and the HD GE is a great way to play because they short on on valuation basis they short individual companies that had some great it's in here you're strategies are all expecting capping an and you've really protect your clients as -- -- while.
Thank you very much for it to be always there.
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