JOINED BY ANA DIAZ GO CHIEF
INVESTMENT STRATEGIST AT
INSIGNIA I THANK YOU SO MUCH
FOR JOINING ME THIS MORNING TO
IF THE PRESIDENT DOES INCREASE
THE CAP,
THE GAINS RATE AGAIN BY 20
PERCENTAGE POINTS TO ABOUT 40%
FOR INVESTOR MAKING MORE THAN A
MILLION DOLLARS ANNUALLY IN THE
STOCK MARKET
AND IN THAT HIGHEST EARNING AT
BRACKET WHAT DO YOU WANT TO SEE
IT WOULD BE THE REACTION FOR
THE
BROAD MARKET. THEY COULD HAVE A
RIPPLE EFFECT IN EFFECT ALL
INVESTORS, NOT JUST THOSE
WEALTHIEST EARNERS.
>> YOU ALSO HAVE TO REMEMBER
THAT JOB THAT SORT OF BIDEN'S
WISH LIST AND MUCH LIKE WITH
THE CORPORATE TAX RATE I DON'T
THINK THAT'S THE BILL THAT
ACTUALLY GOING TO
BECOME LAW THIS HAS TO GO TO
CONGRESS AND EVEN THOUGH IT END
UP BEING PASS ALONG A BY
PARTISAN LINES ONLY BY THE
DEMOCRATS MEMBER THAT THERE'S A
LOT OF
CENTRIST DEMOCRATS THAT ARE
SORT OF MODERATING THE MORE
SORT OF. PROGRESSIVE PORTIONS
OF BIDEN'S PROPOSAL
SO MOSTLY IT IS CAPITAL GAINS
TAX WILL BE SOMEWHERE AROUND
2728%. I DON'T SEE IT GOING
ABOVE 30. BUT EVEN THAT
OBVIOUSLY WILL HAVE THE MENACE
IMPACT ON DEMAND
FOR STOCKS AMONG WEALTHIER
PEOPLE BUT I DON'T THINK IT'S
GOING TO BE ENOUGH TO SORT OF
CHANGE INVESTMENT THESE IS OUT
THERE.
>> I GUESS FOR A LOT OF PEOPLE
MAKING A TON OF MONEY IN THIS
MARKET IF YOU DIDN'T BEST AT
THAT
MARCH 23RD EUROPE PROBABLY
CLOSE TO 100% AT THIS POINT FOR
SOME OF THE MAJOR INDEXES LIKE
THE NASDAQ
FOR INSTANCE WHEN DO YOU
ANTICIPATE THAT THIS COULD GO
INTO EFFECT AND IF WE DO SEE AN
IMPACT IN THE STOCK MARKET WHEN
WOULD IT COME.
>> ALREADY IN THE
STOCK MARKET KIND OF START TO
START TO HAPPEN YESTERDAY RIGHT
WHEN WE GOT THE
FIRST DETAILS TO TO TO ALSO BE
PERFECTLY CLEAR THIS IS ALREADY
KIND OF EXPECTED BY THE MARKET
THAT WAS TO BE SOME CHANGES AND
INDIVIDUAL TAX RATES NOW THE
DETAILS ABOUT THE CAPITAL GAINS
THAT WAS THAT WAS WHAT WAS
NEW YESTERDAY. BUT I DON'T
THINK THAT THIS IS GOING TO
COME INTO EFFECT UNTIL 2022.
SO WHAT MOST LIKELY
WILL HAPPEN IS THAT THIS THIS
BILL SORT OF STRIKING
CONSIDERING SOME TIME AROUND
MAY. PERHAPS SOME TIME IN
THE SUMMER AND IT WILL ACTUALLY
TAKE
INTO EFFECT JANUARY
TWENTY-TWENTY TO SEE YOU MIGHT
SEE SOME SELLING OF STOCKS.
AT THE END OF THE COUNTY YEAR.
BUT IF ANYTHING I WOULD USE
THAT AS
AN HOUR FORTUNA T TO BUY INTO
THE MARKET ANYWAY IN THIS
RELATED TO THIS BILL SHE COULD
BE BOUGHT INTO.
>> OKAY ABSOLUTELY FASCINATING.
SO LET'S SAY THERE'S SOME
WEAKNESS AT THE END OF THE
YEAR. WHAT IS THE OPPORTUNITY I
MEAN EVEN FOR THE STOCK MARKET
WE SEE WHAT WAS A BLOCKBUSTER
YEAR LAST YEAR JUST STARTS AT
10 AND FOR A LITTLE BIT OUR
STILL NEAR RECORD HIGHS.
BUT WE ARE UP AS MUCH IN TERMS
OF A
PERCENTAGE BASIS THAT WE ROSE
LAST YEAR IF YOU'RE AN INVESTOR
YOU TRY TO SAVE FOR LONG-TERM
GOALS WHETHER IT'S HOUSE
HAVING CHILLS RAN ON EDUCATION
FOR THOSE CHILDREN DOWN THE
ROAD WHERE SHE YOU'D BE
LOOKING AT EVEN BEYOND THE
EQUITY MARKET, I MEAN IS THE
EQUITY MARKET THE PLACE TO STAY
IN OR DO YOU THINK THAT THERE
ARE OTHER INVESTMENT
OPPORTUNITIES.
>> BUT AMONG THE TRADITIONAL
ASSET CLASSES EQUITIES STILL
ARE THE MOST ATTRACTIVE,
ESPECIALLY MY COMPARED TO YOU
KNOW A PAUSE AND YELL
SOVEREIGN BONDS, BUT THERE ARE
OTHER ASSET CLASSES START
MAKING SENSE. ONE OF THE BEST
INVESTMENTS YOU CAN MAKE RIGHT
NOW IF YOU WANT TO LOOK AT IT
FROM THAT PERSPECTIVE IS TO
LAVROV AND BY A
SINGLE FAMILY, THE HOME WITH A
90% OF LOAN TO VALUE AND
TSUNAMI IS STILL HISTORICALLY
LOW MORTGAGE RATES, SO THAT'S
ONE OF THE BEST INVESTMENTS YOU
CAN MAKE I WOULD LOOK AT THINGS
LIKE A PRODUCTIVE LAND
FARMLAND.
COMMODITIES THOSE ARE PLACES
THAT I THINK THAT THERE'S SOME
GOOD SORT OF LONGER TERM OF OUR
TIME AND ATTENTION.
>> SHIN'S ON ON
THAT IS ABOUT THE SEMICONDUCTOR
SPACE BECAUSE WE SEE SOME
WEAKNESS IN THE SEMICONDUCTOR
SPACE OF LATE BUT THIS CHIP
SHORTAGE IS ONE OF THE BIGGEST
STORIES FROM A FINANCIAL
PERSPECTIVE OF THIS YEAR WE DO
ANTICIPATE THAT SOME COMPANIES
MIGHT NEED TO PASS THOSE HIGHER
PRICES BECAUSE OF THE SUPPLY
CONSTRAINTS ON
TO CONSUMERS. YOU MIGHT NOTICE
THAT YOU MIGHT NOT NOTICE IT IF
YOU'RE MAKING SOME MAJOR
PURCHASES LIKE CARS
FOR INSTANCE, WHAT DOES THIS
MEAN FOR THE SEMICONDUCTOR
SPACE NEWS. THIS IS SPACE THAT
YOU'RE INTERESTED IN KNOWING
THAT THERE ARE SUPPLY
CONSTRAINTS.
>> I DO LOVE CHIPS ARE LIKE
THE OIL FOR THE NEXT 2030 YEARS
RIGHT AND TAIWAN SPECIFICALLY
IS LIKE THE SAUDI ARABIA.
LAST 2030 THERE THE MOST
FOUNDRY IN THE WORLD
ABOUT 74 PERCENT OF
SEMICONDUCTOR MANUFACTURING IS
DONE IN SO I THINK I'M I VERY
MUCH LIKE
TAIWANESE ASSETS GOING FORWARD
OBVIOUSLY THERE'S THE POTENTIAL
FLASHPOINT OF A CONFLICT
BETWEEN THE U.S. AND CHINA.
BUT I
THINK TAIWAN SORT OF TO 20
POINT TO FAIL SO TO SPEAK ARE
TOO IMPORTANT TO INVADE.
I AND THE BETTER
ANGELS BULLPEN WE ALL FEAR AND
THE U.S. CHINA AND THE REST THE
WORLD RECOGNIZE THE IMPORTANCE
AND THE IMPORTANCE BUT
I WANT AND THAT SUPPLY CHAIN SO
I DON'T THINK THE GEOPOLITICAL
RISK IS AS HIGH AS BEING
DISCOUNTED RIGHT NOW.
>> AND I DO THINK THE
SEMICONDUCTOR INDEX IN AND OF
ITSELF IT HAS AT LEAST DOUBLED
LITERALLY DOUBLED IN PRICE OVER
THE PAST THIS YEAR, ESPECIALLY
AS THE STAY AT HOME TECHNOLOGY
REALLY TOOK OFF THE STAY AT
HOME STACKS
LIKE CHIPS, EVERYTHING RIGHT, I
MEAN FROM YOUR IPAD AND YOUR
IPHONE TO YOUR COMPUTERS TO
MANY OTHER DIFFERENT TECHNOLOGY
THAT WE INTERACT WITH THESE
DAYS. I DO THINK
IT'S FASCINATING BEFORE I LET
YOU GO HERE CLIMATE IS A BIG
FOCUS. WE'RE GOING HEAR
COMMENTS FROM PRESIDENT BIDEN
ON THE CLIMATE VERY SOON.
HOW ARE YOU INVESTING BASED ON
THE RENEWED COMMITMENTS TO
COMBAT CLIMATE CHANGE.
>> SURE WELL I MENTIONED
EARLIER BUT COMMODITIES IS ONE
SECTOR THERE ARE ONE SPACE THAT
WE ARE PRETTY
INVESTED IN I HAVE SPECIFICALLY
COPPER JUST TO GIVE US AROUND
PRINCE POINT AND ELECTRIC
VEHICLE USES 4 TIMES AS MUCH
COPPER AS A REGULAR TRADITIONAL
GAS, A BEAUTIFUL, SO I MEAN
THIS IS
SOMETHING THAT I THINK IT'S
IT'S IT'S A LONG-TERM PLAY
BECAUSE THERE'S GOING TO BE
INCURRED IN COPPER PRICES AND
OTHER INDUSTRIAL BASE METALS
NOT
JUST FOR THE DEMAND SIDE TO THE
MAURY IS CHEAP BUT ONLY SUPPLY
CONSTRAINTS OUT THERE BOTH IN
WE'RE GOING TO CONSPIR