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Not all of the big market clues can be found in economic reports -- here that.
Clueless -- Michael's -- is an associate editor of Barron's and he has spent last hour of trading.
With me today and Yale in particular Udonis for a lot of -- like look at the bond market in office to partner while the bond -- -- -- a -- sort of a real time assessment survey that's that's being Don every single second of the day in terms of the aggregate sentiment about the economic progress and so.
-- there's a lot of worry that when the ten year treasury bond you went down to like two and a half percent recently just last couple days.
But it was somehow an accurate reflection.
Or accurate forecasts of some kind of a double -- I don't really.
I'm not really in that -- but I do think we have to be very mindful of what the treasury bonds messages which is deflation is a vigorous than inflation.
And short term interest rates at the Fed controls are likely to be around zero for very long period of time that's mostly the message to me.
Are you encouraged by alcoholism and -- activity that we've had kind of mini M and -- activity at -- -- boom right now the economy experiencing not major.
But a lot of smaller deals are happening while smaller -- -- it's a decent sized deals it seems like it's very busy because it was so dormant for so long.
But I do think it's mostly reflection of the fact that large companies.
As everyone is.
-- commented on -- tremendous amounts of cash very large profit margin and they have a feel they feel a need to buy growth and that's what you're seeing I think when.
In televised -- even -- deals -- well received.
They reflect the fact that large companies have excellent balance sheets and they're going to actually start deploying their their spare cash in ways that they think is gonna lead to grow.
You know a lot of big multinationals have kind of been the focus of many companies out there here's until McAfee obviously -- by McAfee but.
Multi national names.
You're saying might be overvalued and some might be undervalued.
For look at -- Well I think in general very very large multinational companies are one of the more undervalued asset classes you can find out -- they're basically and work and asset class the media stock I don't think -- really cheap out there on the average stock in the market but if you look at the very large companies.
Like Johnson & Johnson white united so that's typical when you might point to that or even like I have a big media for for -- sector.
Nobody's really paying attention -- the fact they have a cyclical rebound and they have a good long term story to tell I don't different.
Feel like media give me some specific names and media -- -- like I mean I think you can go down the list of the highest quality names of the Walt -- the Time -- the content providers as opposed to I think the distribution folks like -- cast and and the cable companies which want good businesses they're sort of challenge a little more than the in the franchise's on the -- side.
-- the median names that you like earth using media matters when you say is -- -- what kind of value these companies I guess its financial discipline obviously within that company in the brand recognition you also light.
Utilities and I don't wanna -- utilities that we can because you also say that that's kind of a good place to look -- -- trying to find specific stocks tomorrow.
I think I think utilities and they've actually been outperforming for a few months here you're seeing a situation now we're dividend yields on stocks like the Dow stocks for example is.
Pretty pretty competitive with.
Treasury yields and utilities exemplified that not just because the dividend -- but because.
They actually have a -- -- you have industrial demand for power actually rising right now.
See the manufacturing numbers -- -- -- this week I think that -- starting to actually recognize that a little more so -- defensive but it's not so much run for the hills -- scared let me by utilities adjust for income it's actually there's other stuff going on and actually make.
-- is until this can be a very nice sector have been especially if folks are nervous about -- the environment right now -- mikes with that for the entire hour --
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