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Well despite executives getting more positive on the economy isn't young reporting that businesses still are skittish.
On -- today with the -- 29%.
Of companies expecting to do a deal.
This year chat Morgan Lander -- -- portfolio manager is here and channel audio that -- we think of this this news survey do you think this is a lot of confidence for lemonade you think about the warning.
For investors the shine is coming off the markets.
Well I think it's a lack of confidence in part because there was a massive credit this location.
Four years ago so now we're at this building stage where you -- have to have.
The very slow pick up of the US economy.
And in part then it also capital spending has to fill in some major corporations have to start using a lot of money gets on their balance sheet.
Now in regard to mergers and acquisitions front.
We -- they have very cheap financing at this point and you should see -- pick up.
All of the man in regard to mergers and acquisitions over the next eighteen months.
There's a lot of names of big names we've been following Indiana is basically had deals with like technologies -- Berkshire US air and and and and American Thermo Fisher Scientific society is a lot good deals but overall it seems that CEOs again or try to -- that cash because they're worried about earnings.
Yet you're telling us.
That it's going to be about earnings going forward not about.
Q lease and that that tells me that that -- little more skittish than others.
Grab a little bit more if I would say what our -- a little more balanced in our approach right now there has to be handoff between.
This quantitative easing cycle and market ramp up that we've seen within the financial system.
Two more of an earnings and economic driven life cycle.
You have the next leg up within the financial system so currently right now.
We're at about 1575.
On our price target and our earnings expectations.
You have for -- They need to be using CNET chat I've seen that he be Vince pretty much studying your area called recipe -- is 75 but there's something else that you're.
You're talking about is -- -- you mentioned just a moment that's why interrupted and that's it that's the economy.
If you look at GDP estimates I mean you have people calling for 34% that's that's when they say the market's gonna really be.
Fully it would -- be fully -- -- gonna be on a roll.
I really -- 2% right now in this economy I mean isn't feel like you -- percent C should.
We -- right you see Cheryl what you had the Q1.
Was a little bit of a goose up with being GDP -- went from 2%.
To around 3% but real expectations.
Going forward is around -- 2% kind of growth trajectory.
Which before us to see -- self sustaining recovery.
-- -- GDP to be grown right three and a half to 4%.
And we're far from it this inflection point and so you know right well.
Look at my leg action out of time but I do want to get to one other big issue they're talking about the US dollar the reason I wanted to get to that with -- is because it's crucial.
For the commodity plays that we -- watching of course every day in particular oil and gold.
But -- and it we're gonna see a strengthening.
US dollar and -- but part of the blame on Japan can you explain that Chad.
Well you have had this you have quantitative easing going on right now in Japan and it's a fairly aggressive -- stand so what you're looking to do.
Is lower there value of their currency.
And in part -- dollar will strengthen.
And really there's been a direct correlation over the last several weeks to several months.
Where when the dollar strengthens the basket of currencies a basket of commodities I apologized in particular goal.
We'll softening -- value if -- dollar based investor so.
Investors in United States that are.
They that are looking a commodity play.
Want to be somewhat more cautious in their approach we actually started to take down our allocation on gold two weeks ago.
I'm part of her life of that Chad that was a good move for you had your clients -- shore good gut call on that one.
-- mortgage lender Chad's gonna say thank you for being -- great seeing you Cheryl take care.
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