DEALS THAT INVESTORS SHOULD BE
OPTIMISTIC THAT SEEMS TO BE
MOMENTUM ON THAT FRONT
AND ALSO IT DOES APPEAR THAT
THE US AND IRAN ARE DE
ESCALATING. JOINING US NOW TO
BREAK DOWN MORE ON THE MARKET
CLOSE AND SO MUCH MORE AS
CAROL ROSS, THE CREATOR OF THE
FUTURE FILE LEGACY PLANNING
SYSTEM IN A FORMER INVESTMENT
BANKER CAROL THANKS FOR JOINING
US TODAY. YES, GREAT TO BE WITH
YOU GUYS I WAS HAVING THE
BIGGEST IMPACT ON THE MARKETS
TODAY.
>> OVERALL I CERTAINLY THINK
THE EASY MONEY MARKETS LOVE THE
EASY MONEY IN THE LOW INTEREST
AND THEN WHEN YOU HAVE A LOT OF
THESE OTHER.
HEAD I THOUGHT
THE WAY I THINK THAT THE
MARKETS DIGESTED THE REST
SCITUATE SITUATION
APPROPRIATELY. YOU HAVE THE
TRADE DEAL EVEN AS YOU GUYS
SAID WE DON'T KNOW WHAT'S IN IT
AT LEAST THAT IS NOT COLLATING
IT HAS BEEN
TODAY ESCALATED THE ECONOMY IS
ON SOLID FOOTING YOU PUT THAT
TOGETHER WITH THAT MAGIC
INGREDIENT IS THE PUNCH BOWL,
WHICH IS
THE FED AND THE MARKETS ARE
VERY HAPPY YOU THINK.
>> THAT CAROL THAT MARKETS ARE
GETTING A LITTLE AHEAD OF
THEMSELVES AND THE S AND P 500
BY SOME MEASURES IT INCREDIBLY
EXPENSIVE RIGHT NOW.
>> YES, WELL, YOU KNOW
THEY ALWAYS SAY DON'T QUITE
THAT BAD AND IT'S NOT TO MY
PARTICULARLY FAVORITE SUBJECT I
THINK THAT THE FED
IS THAT THE WAY TOO EASY AND I
PREFER TO SEE THAT IN THE OTHER
DIRECTION, BUT THERE ARE CUTS
ABSOLUTELY LOVE THAT AND WHEN
YOU THINK
ABOUT THE OTHER. IT'S FOR
PEOPLE OUT PUT THEIR MONEY TO
WORK IF YOU LOOK AT THE PRIVATE
MARKETS FOR EXAMPLE THERE HE'S
USUALLY
A NICE DISCOUNT UM YOU BETWEEN
THE PUBLIC AND PRIVATE MARKET
THAT IS COMPLETELY CLOSED UP AT
THIS POINT. BETWEEN D C A
PRIVATE EQUITY. SO WHEN YOU'RE
LOOKING AT PLACES TO DEPLOY
CAPITAL AND YOU'RE LOOKING AT
YOU HER SLATE OF SITUATION,
THIS IS WHERE PEOPLE ARE
PUTTING MONEY TO WORK I
CERTAINLY THINK I'M MARCUS
DON'T GO STRAIGHT
UP FOREVER. IT'S BEEN A WHILE
SINCE WE'VE HAD A BREATHER AND
SO THAT COULD BE ON THE HORIZON
PEOPLE SEEM PRETTY HAPPY GOING
INTO
2020.
>> ARE THERE AREAS IN THE
MARKET YOU SUGGEST SHOULD BE
AVOIDED SHOULD IRAN RETALIATES
ONCE AGAIN. SO I THINK THAT A
LOT OF.
>> WILL JUMP IN TO THE OBVIOUS
NAMES LIKE DEFENSE LIKE THERE
ARE
THOSE DAYS LIKE CYBERSECURITY
AND I THINK JUST BE A
VERY KEY. ALL TO LOOK AT
VALUATION WHICH PARK IT AND
OBVIOUSLY
EVERYBODY ELSE I'M THINKING
ALONG THOSE LINES SO THAT
COULD BE PRICED INTO MANY OF
THE STOCKS THAT SOMEBODY MIGHT
BE TEMPTED TO LOOK AT TO TAKE
ADVANTAGE AND SO IT IT'S ALMOST
LIKE BE CAREFUL OF THE BIG NEXT
STEP YOU THINK.
>> IT BECAUSE THEY MAY END UP
BEING NOT AS GOOD AS YOU.
>> WELL TO THAT POINT CAROL
APPLE HAVING ANOTHER
INCREDIBLE DAY THE STOCK
ESSENTIALLY DOUBLING OVER THE
LAST YEAR HIRED BY MORE THAN
100% JUST OVER THE LAST YEAR
HIGHER SO FAR THIS YEAR BY 5%
IS THERE ANY
STOPPING UPPAL.
>> SO I HAD TO BUILD CLOSER AND
APPLE SHAREHOLDER AND I'VE BEEN
WAITING FOR A LONG TIME FOR OUT
LET'S
MOVE AWAY FROM SORT OF THE
HARDWARE CENTRIC
ENTRE INTO THE SERVICES SIDE OF
THEIR BUSINESS AND OBVIOUSLY
LAST YEAR WE SAW THE
INTRODUCTION OF THE
APPLE CARD I'VE SEEN A LOT OF
PEOPLE ON THIS ELEPHANT RIDE
BEING HIRED IN CERTAIN
AREAS LIKE PARTNERSHIPS SO IF
YOU THINK ABOUT THE VALUE OF IT
ECOSYSTEM THAT HAS ALWAYS BEEN
ISIS THE STOP OVERALL IT'S
NOT THAT CRAZY EXPENSIVE
THE CITY. I THINK THE MARKET
AND SO EVEN TIM COOK
MAY NOT THE VISIONARY THAT
STEVE JOBS WAS HE'S AN
EXCELLENT EXECUTION PERCENT.
AND I THINK THAT YOU WITH THAT
SERVICE AS AN ECOSYSTEM OF THE
JERRY IN PLACE THAT THEY HAVE A
GREAT OPPORTUNITY TO HAVE
ANOTHER STRONG YEAR AHEAD.
>> AND WHEN A
BULL RUN RIGHT NOW A LITTLE
OVER A DECADE HERE WHAT WOULD
IT TAKE TO CAUSE A RECESSION.
>> THINGS THAT
COULD CAUSE A
RECESSION ONE THAT IS JUST
THAT'S WHERE BUSINESS
SELF-FULFILLING PROPHECY IF YOU
SEE AN ESCALATION.
>> FOR EXAMPLE IN THE TRADE WAR
AND TARIFFS AGAINST WITH CHINA
OR SOMEPLACE ELSE BUSINESSES
FEEL LESS COP THAT THEY DON'T
MAKE THE INVESTMENTS THEY STOP
HIRING. I THINK THAT BECOMES A
SELF-FULFILLING PROCESS THAT
COULD POTENTIALLY PUT US INTO
A RECESSION. I THINK THE
ANOTHER BIG RISK IS OBVIOUSLY
THE 2020 ELECTION IT YOU END UP
ON THE DEMOCRATIC SIDE WITH THE
CANON AND HE
WAS VERY BUSINESS AND ECONOMY
AND FRIENDLY LIKE A WARRANT,
SANDERS THAT COULD HAVE A
DEVASTATING PARIS ARE CUT THAT
THE ECONOMY AGAIN NOT
NECESSARILY JUST DIRECTLY BUT
INDIRECTLY IN TERMS OF THE
UNCERTAINTY AND UNWILLINGNESS
TO
MAKE INVESTMENTS AND THEN THE
OTHER THING THAT YOU ALWAYS
HAVE TO BEAR IN AMERICA IS THE
BLACK SWAN EVENTS WHICH IS JUST
SOMETHING THAT WE
DON'T SEE COMIC AND I KNOW I
HEARD A LOT OF PEOPLE THROW
THAT AROUND WITH THE
IRAN SITUATION THAT'S NOT A
BLACK SWAN EVENT WE ALL DO
THERE ARE TEMPTED TO BELIEVE
THAT SOMETHING THAT YOU COULD
PREDICT. ASHLEY BUT THE THEY
JUST COME OUT OF LEFT FIELD I
THINK YOU ALWAYS NEED TO BE
PREPARED FOR THAT'S WHY YOU
NEED
TO HAVE PROTECTION ENDEAVOUR'S
MISSION SO SO.
>> WHAT IS PRICED IN RIGHT
NOW CAROL, IT IS A TRUMP
REELECTION, A TRUMP VICTORY IN
2020 PRICE. AND I THINK
THAT DON'T.
>> ARE WE LEANING THAT
DIRECTION OR THAT IT'S NOT TO
TALK BIG 3 THAT YOU AND WITH
SOMEBODY WHO
WAS WHERE THE MODERATE LIKE
THAT JOE BIDEN SO I THINK THAT
RIGHT NOW NOW THERE'S NOT A
FEELING IN THE MARKET.
IT'S GOING TO END UP NOT
ONLY GET A NATION BUT WITH HAND
THE JOB FOR ALL IF YOU GET ONE
OF THOSE CANDIDATES TO ACTUALLY
WIN AND THAT I MARRY I THINK
YOU'LL SEE A BIG SHIP THE
MARKET AND THAT WILL CREATE
INCREDIBLE CALL IT'S STILL A T
S SO IT COULD BE ETCHED INTO
THE GENERAL ELECTION.
>> AND CAROL CONSUMERS POWER.
THE US ECONOMY ROUGHLY 2 THIRDS
SO WHAT COULD GET
CONSUMERS THINGS I DID ABOUT
PARTING WITH THEIR OWN MONEY
AND LEAD TO SOME SORT BACK.
>> WELL CERTAINLY THE JOB
SITUATION, BUT RIGHT NOW FROM A
JOB OPENING STANDPOINT, WE'RE
AT RECORD LEVELS THAT SOMETHING
LIKE 7.2 7 QUIT 3 MILLION JOBS,
AH, BUT IF PEOPLE
HAVE JOBS THAT OBVIOUSLY OF
MONEY AND FEELING PRETTY
CONFIDENT ABOUT SPENDING.
I THINK THE ONE THING ON THE
CONSUMER FOX, A LOOK THAT IS
THE DEBT LEVELS, THE DEBT
LEVELS OF CONSUMER BASE AS ARE
AT HISTORICALLY RECORD HIGHS
THAT HAVE BEEN IMPACTED THE
CONSUMER MARKET IN TERMS OF
THEIR ABILITY TO PAY DOWN
THINGS LIKE THEIR MORTGAGE OR
THEIR
CREDIT CARD ALL IF YOU START
SEEING CONSUMERS MISSING.
THOSE KINDS OF
CAME AS THAT IS A GOOD LEADING
INDICATOR THAT THE CONSUMERS
THAT ENDS UP IMPACTING
OBVIOUSLY CONSUMER CONFIDENCE,
BUT OVERALL THEIR ABILITY TO
PAY AND OBVIOUSLY THE KEY SAID
70% OF THE ECONOMY THAT WOULD
BE A SIGN THAT THE ECONOMY IS
IN TROUBLE SO THAT'S WHERE I
KEEP MY EYE.