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And despite anticipation of US airstrikes in Syria at any moment markets right now wearing the green at least on the -- so are they biding time until strikes actually began.
Simply being complacent there's no one better to ask and -- -- some -- International strategist for Wells Fargo advisors thank you for joining us.
And you know it -- getting these mixed messages you see people -- gold is down today the Dow is up oil is up but not as high as it was earlier today.
You guys think this will be a short term in -- eruption admitted that we get back to normal.
Exactly in our opinion series and other short term distraction you know this ads down the list of -- tapering and a couple of things that you've seen recently they're really taking markets away from.
The long term economic fundamentals you know -- the first time we're seeing some signs of life out of China.
At least in the you know been the last couple of years -- to see some rebound in Europe.
We're seeing economic growth in the US start to firm.
Which is the reason why defense starting to to talk but tapering at all.
And so when when the dust clears if it's a short skirmish but we'll see is equities are -- on a pullback here.
And that commodities have overshot their own supply demand fundamentals and will eventually probably find it in themselves weakening soon after the conflict is over.
In fact if you know if we are to believe the markets what -- investors are telling us today is that -- it will be a short term situation.
That this will not spill over into the region although Senator McCain is saying this will be a regional conflict or at least a regional matter.
This is big isn't this the time to perhaps it on the sidelines and wait till you better know or is this the time -- as they would say man up and perhaps -- and equities.
You know I think you have to be selective that if you look at US equities where you know any effects let's say -- spillover will probably won't be as as dire if you will.
On the US has really spent his position over the last few years we produce a lot more of our own oil now.
She seemed really you know kind of -- energy revolution the US which lessens our.
And you know vulnerability to some of these events and so if you look at the S&P which is -- for 5%.
That won't be as affected in if anything today you're trying to see -- some of the other names really start to move.
Because aware energy prices are an energy is a big sector and and and -- in -- 500.
As he could actually start to see -- you know stocks rally on the on the news of higher energy prices so Phil Flynn was on our program just about twenty minutes ago saying that we should see oil fall back around hundred dollars a barrel assuming that Syria is yesterday's news and in the rearview mirror.
23 weeks from now.
Where should I be putting my money because we still have said -- -- issues in the United States what markets would it be wise to investors at this point.
I think the US is probably -- that you know the cream of the crop right now I would say developed equities are very close second so what you're seeing in in Japan and some of the policies they've implemented are very intriguing.
The rebound in Europe is still early probably not not to convince that is surreal but that could eventually present the -- that nice place ago.
And then with an emerging equities we would tell people you know as a basket -- -- it doesn't diversified approach.
They've been really beat up an area cost it would be South Korea.
Which is really benefiting from having much better fundamentals.
-- some of the other emerging markets and if we see commodities come -- -- price I would actually help that call in South Korea would net.
Absolutely you know -- demise there are big.
Input into costs in the emerging markets and and a decline in my -- would really be helpful -- some -- -- thank you very much give our best every -- Wells Fargo.
Think -- can get back.
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