Also in this playlist...
This transcript is automatically generated
And then later this month -- -- what to make of all of this he's chief investment strategist at Raymond James.
We need to worry a whole lot more about Ben Bernanke and Aaron veterans are for is that safe to say at idol is -- forget China but let's do for now.
Well China though the figures over their day in I don't trust the figures the aggregate consumption figures do not put up with the retail figures.
The survey techniques that they use.
Are not keeping up with the rapid development of the service sector.
The household survey in China doesn't capture the wealthiest.
In in spenders if you will on the ones it does capture they lie about what they spend.
And allow the transactions are taking place in cash so.
I wouldn't put a whole lot of emphasis on the numbers coming out of China.
Would you put a whole lot of emphasis on the buoyancy we've seen an -- US markets as -- -- stock market.
Well you know I've been fairly constructive on equities been targeting for the past spring nights like you're given cabinet.
-- I've been positive on that on equity markets until the middle of July -- targeted the middle of July for the past two months.
The minor timing points -- jet July 11 and twelfth the major timing point is July 19 I think we are subject.
From here on out into next week to the start of the first meaningful decline of the year yeah that's true.
What about what worries you the most -- is if you look did it say.
How all this what kind of small our big companies if you will have been performing non dividend paying stocks have been performing would do.
I would you be more apt to buy your dividend paying stocks at this point even though it looks like interest rates.
I think the interest rate thing is -- done in the short term I actually think interest rates will come down I think the markets have misinterpreted Ben -- statements.
That said I do like dividend paying stocks.
Bespoke had a real nice piece in Barron's over the weekend one of the old stock market saws that I learn back in the seventies.
Is when they start running -- that dogs you start looking over your shoulder and if you look at what the -- people wrote and that and the difference sectors and asset classes they wrote about they're starting around the dog so I I think we're building here for an intermediate term top.
But in terms of dividend paying stocks you would however particularly stay away from the financials you expect -- announced weakness there yes or not.
-- well yet but not in the near term yes in the longer term no I think their balance sheets are in better shape than they've been a long time.
But near term -- -- Near term I don't like them -- good to see Jeff thank you so much pleasure Jeffs.
Filter by section