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Dietrich till last time you -- -- which wasn't -- alarm goes the end of march.
You recommended Netflix at a time and it right but all it can't go higher -- -- -- since you recommended it it's up almost 13%.
So first of all you got to listen what you have to say about stocks but individually everybody was looking for some kind of -- either in the spring or in the summertime.
Could it be that we won't get it at all and that will go way to another leg of a rally.
I sure think so David that's right when you talk what the market -- -- -- talk about the cell may go away but you know historically if you look first four months we've actually positive this year.
We look back last thirty years -- some people have a five times may is usually higher in the rest Theres actually get higher every single time so.
We like -- that also real quickly short interest and the S&P 500 component is a 15% year to date.
As a -- of 13% -- big theories there's a lot of -- -- -- -- -- before bullish but they're still kind of you know little cautiously -- so those shorts could continue comfort keep pushing -- higher in my opinion.
And -- like this sector rotation if people are starting to talk about I -- you like some the industrial names -- -- your kicks in GE Honeywell.
Well I think there's we've been talking about the Gregory patient coming out of bonds for some time people -- -- it.
Throughout the first quarter because it had really happened but as.
As you started to see here the last couple weeks you have seen some rotation had a long bond into the equity market that's very positive.
In addition I like the fact that the markets are going up the same time the dollar's going up that's unusual and hasn't happened over the last couple of years.
That's very strong for the Americans very strong from the stock market.
And -- I'm I'm happy also that the consumer is going to be a little break at the pump so these are all very positive things it will lead to more consumption and car stock prices in the future but -- -- -- as we see Heidi well reaching an all time high today are you worried that there might be a little overvaluation there.
Well -- If you're taking a look at Honeywell and individual equities I think that you can you can draw conclusions in different places but in Honeywell's case.
I like it because of its exposure to airlines aren't I not airlines but manufacturers of airplanes Boeing.
An Airbus -- -- is more manufacturers.
Create airplanes Honeywell's -- completely to that and I see them.
As unique case and I think that they're going a lot higher than they are right now.
But if you're talking about other places -- markets may be a little bit overvalued like.
Telecom or utilities people have bought those stocks for the wrong reasons they use them as bond alternatives.
And that I believe is a little bit frothy and -- -- -- could see a little bit of a weakness there you saw today.
Verizon and -- haven't had a week day.
But I really believe that that's where the frothy does occurs in the market it's not in -- industrial cyclicals -- technology.
Those sectors have a long way to go we're nowhere near the -- for the run in the.
And -- I'm really interested in this sector rotation and also that the great rotation I guess is they caught without a bonds and and into stocks decide interest rates climbing again after the big spike in rates -- until the last jobs report came -- -- we think you think we'll see a sharp and dirty rising interest rates in the near future.
I don't know about -- dirty but we're actually view what from what we are seeing -- finally some of the movement of that long long bond of homicide I mean.
Everyone's been long in there and there's still a huge interest -- -- remember the long -- is still trading north of 140 so.
You know -- long and short of it is is that -- You know they're still a ton of money in there and that's it you know we've seen the bond go up almost is at the same rate as the market nets even more than usual and -- the previous start the discussion what about the dollar CNET strengthening -- some -- Watson but.
Man they're still very long as strong in the bonds even after that move on Friday.
-- -- a month ago we might have thought that Netflix and we should try it clearly hadn't you were right an ankle.
A lot of people look at home stocks like Lennar and think that they have reached their -- -- you have Lennar has what are your picks right now why.
That's right again it all comes down with someone expectations yes how the Sox got a good run we know that -- if you dig a little deeper there's increasing short interest from a lot of these housing stocks also -- -- -- hold ratings.
Analysts still mom bought -- you know things -- -- euphoria when we look at the housing sector they are a lot the last few years but still give you by expectations you don't buy prices.
Expectations are still simply too low we think economies -- much -- putting people bureaucrat or you know US consumer stocks and housing stocks we're still bullish on what really that whole group -- whole sector there.
All right Jamie one other quick point nine year.
Focus on the DX why the dollar -- -- which John basically waste basket of currencies right against the dollar so pretty -- country to actually see dollar straight because some currency analysts have been actually point to -- strength.
Because they see weakness in the dollar because of our ongoing accommodative monetary policy so's this little this surprising to see a stronger dollar today.
No I mean if you think about it it -- the Euro should be devaluing because might you not at Central Bank has.
Well -- nobody should be and it if if the UECB continues to cut rates it will make bureau good down I think.
In fact if you're Europe he won a weaker Euro because you're an export economies do you want.
You want to have a weaker currency relative to the dollar so I think that that's probably.
It's gonna happen over time in addition if you look at the other countries like Japan and others there -- -- valuing -- high higher rates so I think if if it as you not as as the United States I think that the dollar is actually a great place I don't think Durbin have dollar witness.
I don't think that's possible this point I think that everyone else is devaluing -- a higher rate than we are.
And that's a good thing for the dollar.
By the way Jamie Mario drug just withdrew his invitation do you think the next that next ball at does that figure European central market just you know.
You blew that connection -- burnt that bridge.
Jamie Cox Ryan Detrick and -- -- good to see Joseph we're gonna check in with the in which you and a couple of minutes when the SP futures close thanks guys.
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