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Markets are trading higher for a third straight session after a slew of encouraging comments from the Fed officials today will be euphoria last -- market -- take charge once again.
Tell you announced in -- -- -- capital management executive vice president because CIA out it's good to see you again then it's see you start applicant's comments from William Dudley today and we had to.
Fed officials coming out of making comments in the market seems to like but they're saying them curious what you say -- -- mr.
-- and I don't think the chairman was trying to send a signal the market.
About a possible -- of -- last week and went on to make some more comments here.
Are they have -- sensitive at the -- is -- we're -- Not in terms of the actual and point I think it's in the rate of change and how fast it happens so.
What they really want to do is slow down the movement upward in interest rates in my opinion because that gives the market time to absorb that.
The bought houses when interest rates for 6%.
8% 10% even fifty different economies of different economy lower jobless rate -- that's right.
But that's what you want to catch up you want the market to catch up and calibrate to that so there aren't the unintended consequences.
Of bond market losses by banks and things like that if it's slow and steady and it's a result of an upward sloping.
Economy that's ultimately where they want to see interest rates go and they want to steeper yield curve so the banks can benefit.
You have to wonder though they're sitting at their perch there in Washington or wherever they happen to be as far as being on the -- or if if they're looking at the markets and thinking you can make mistaken -- -- -- Look talk about the -- toll though that hasn't been that you brought up we have had -- -- volatile.
Through the exercise the but the junior fat has been just full -- -- -- are you concerned that we're seeing some type of -- sea change or do you think that this is just typical summer low volume high -- Well we've had some very high volume days and we've had some very low volume days as well.
Volatility is definitely picked up I would say when it got down to kind of the 1213.
That's not sustainable for a longer period of time.
But neither is load in low twenties which we hit very briefly a couple of days ago.
I think my guess is that -- kind of trend in kind of the mid to upper teens.
Which is probably the right.
For what's likely going to be a little bit of a bumpy period but again if you're a long term investor.
You should be looking at this is an opportunity to shore sharpen your pencil picture -- -- -- out and buy on those sloppy day.
Well I'm glad you brought that up about buying opportunities you you know you're talking small capture pushing small caps is something that they don't get the love that the large caps -- special we're talking about stories -- and Microsoft GE.
Other woman the Russell is actually up performing at this point the S&P in the -- a percentage basis do you think that that continues -- or -- or do you think that we shift over.
And we CBS and 500 -- -- You know I if I had a dime for every time somebody told me -- -- the time to -- a large cap and avoid the small caps just not gonna happen it's not likely to happen.
In the last five years actually the S and he's only -- form one of one of those years so you know again small companies do something unique.
They typically can grow from a smaller base they don't have the -- large numbers that beer companies are faced with in getting growth and let's face it.
We're likely going to be in a slow.
Upward moving upward grinding GDP type of environment.
And the read all of this tomorrow wished -- the Russell index -- any.
Any thoughts on -- as the is moving to tomorrow now they telegraph that much better.
In the last several years and with derivatives the of the impact this is definitely can't profitable it is a couple of up -- that -- back on the shown April.
One of -- of the Sox -- -- habitat was Bill Barrett Corp.
the stock is up more than 5%.
And that's wet.
The month of June factored into that high sticking behind listening.
We -- I would put more money to work in the name at this level the stock -- shares have pulled back modestly in the -- still up nicely from when we visited with it I think -- a lot of asset value.
It's a US gas and oil story.
And I think that that there is a lot of value to be unlocked.
And he also picked a small business company islamists -- all the company -- mountain finance the -- has actually been under some pressure to -- it's a little bit lower but this is a company that pays -- nine and a half percent dividend yield the yield is growing this is an extremely Smart management team I would hold them in the hire somebody.
It's been I would say I sat the -- still strike impacted -- I mean that is a strong idea because -- -- -- is extra it's a shorter duration types of the fixed income securities in her healthy capital management executive vice president has -- -- it thank you thank you are.
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