Also in this playlist...
This transcript is automatically generated
Are my next guest says -- the bull market is shifting right now it's not the end of the world number growing again.
All right so where should you be putting your money to work -- -- -- -- investors' global equities see I don't.
-- -- -- Good to see you again to see each side is talking about some of the winners on the S&P kind of the big movers if you will but you're really establishing what I think for 2014 is a fascinating target 2000.
On the yes.
Yeah we think we've been the last three or four years.
Kind of on -- world is not ending scenario and that's -- -- the -- -- -- move up that's been the idea here and that's from the first phase of bull market for markets moving faces so we think.
This consolidation we're having is the transition to the next phase.
But you're certainly calling for a pullback -- -- you're looking at a 5% percent pullback in the same -- something in the world.
But that we need to brace for that because of the retail investors got used now to -- record breaking days for the theme for the down.
Yeah we were in the middle of the -- Bagram Nestle rally today but were ready down.
In that 5% range.
You know off the lows of yesterday so.
Yeah we we think the pullback may have a little more to go maybe it's stopped in here but we're more focused on the next twelve to eighteen months as opposed to the next twelve days -- During that -- but would you shift into bonds or are you saying to our viewers to stay away from bonds stay with the.
You're gonna we're staying away from -- Cheryl we we think that you know you what -- -- long equities here.
You would be overweight cyclical sectors we think we're shifting to a growth phase of this bull market.
If there is a further pull back beyond what we've already -- we would be adding to positions but.
We -- people in the overweight equities particularly cyclical stocks industrials -- banking we like a lot.
We like some of the emerging markets like Korea we like to -- which are really emerging.
You ask you about the sector you mentioned the financial.
Sat -- and and you know you have to wonder if we do get the tape bragging that we're expecting at some point from the Fed a potentially this year.
What that effect would be on the bank you know Jamie Dimon coming up as they famously in China and saying that you're getting a lot of market volatility of share her -- diamonds comments -- make you nervous at all.
I'm not too nervous -- I think the -- brings a sign of bearishness in the market which is the wall of worry.
The Fed is gonna taper in the face of stronger economic numbers we think the -- going to be a lot focused on those economic numbers by the and then on the -- I think the tape will be a good thing.
We'll when you saw the jobs numbers coming out today and it it was -- -- -- number was okay it was but at the same time we're still only adding -- 170000.
Jobs I mean at one point.
In the last decade -- -- adding -- a million jobs a month since others they're still seems to be concerned about consumer spending in the -- the consumer.
The -- strategists -- -- talking about this is a goldilocks scenario that.
You know the jobs numbers it's just just right it's not too high because the Fed to act too quickly and not too low to cause -- to -- about a recession so we think.
The job there is right about where we expected and I think that's one reason the market's going going higher -- -- the goldilocks jobs.
Visit our correspondent I watched it was saying they goldilocks jobs number he's telling -- very tells today it sounds like you are as well.
I mentioned Jamie Dimon JPMorgan that actually is one of your your top picks right now is is JPMorgan -- He's staying chairman and CEL you like those my god bless and we will.
-- like the stock -- we you know -- one of the winners of the crisis they've got a much bare footprint than they had.
Stocks just broken through its its -- -- highs here the earnings are ready way above and we think hearings go a lot higher in an economic recovery so.
As stocks trading -- one times book -- -- which is kinda reject.
We're looking at what -- chart that's opposite 63%.
Right now it's gonna go -- -- -- -- -- you're looking at the cyclicals have financial consumer home deep.
You're still sticking with -- -- the senate with his low interest rates in the housing activity.
Yeah Home Depot is a very nice -- been a nice steady move her we think housing probably doubles -- of these levels.
And you get a lot of renovation work that goes on pump you once the housing market gets taken off that's all good from the stock is up 50% -- -- -- -- housing.
Doubles what TVs housing starts -- housing starts have doubled off their lows lately look they bottomed out around 500000.
Okay we're closing in on a million.
We think we've got to get to about two million for the next two or three years and you know that should really drive economic activity was really good for stock click on people Fortune Brands another name I mentioned.
That's a derivative play on -- housing market recovery.
Okay I added I admit to some breaking news and Softbank -- before -- came do you projects are pretty bullish on Japan overall.
But you like kind of farming sector which I think is a different angle on my country.
Yeah well what we like a voter which is a big Japanese exporter we love you can't hear me has had a nice pull back 20% of voters down 40% -- it looks like a very tradable rally to us we've got to DOJ printing money like crazy.
We think Europeans can be very powerful market the next twelve to eighteen months.
Stave off Federer investors' global equities CIO riots using apex and the housing call that's that's a great call thank you very much Steve thank you surely correct track those numbers from you --
Filter by section