MARKETS I WANT TO BRING IN
MONEY GOT TO MC 5 MANAGEMENT
MONEY'S GREAT TO HAVE YOU ON
ANY ONE OF THE S AND P
500 COMPANIES, REPORTING
POSITIVE EARNINGS FOR THE 1ST
QUARTER OF THIS YEAR SO FAR.
THAT 81%
EXCUSE ME. SO WHAT IS BEHIND
THIS REALLY GOOD NEWS. I GUESS
HERE.
>> I THINK WHAT'S REALLY
DRIVING THE MARKET RIGHT NOW
IS PRICE. AND THE SNP'S HIT A
NEW ALL-TIME HIGHS ON A DAILY
AND WEEKLY BASIS. THIS IS
BEING CONFIRMED AND BY
ECONOMICALLY SENSITIVE SECTORS
LIKE TRANSPORTS VALUE LINE
GEOMETRIC
WHICH IS EQUAL WEIGHTED AVERAGE
OF ABOUT 1600 STOCKS CONTINUE
TO MAKE ALL TIME HIGHS. WE ARE
IN A TRACK NONE OF THE STATS
APPOINTEE TO ANYTHING BARISH
AND AS AS LONG AS THEY KEEP
COMING OUT IN THIS MANNER THAT
TREND WILL CONTINUE.
>> WHAT DO YOU SEE IS THE
BIGGEST RISKS NOW FOR THE
MARKET.
>> YOU KNOW ONE OF THE THINGS
WE TRACK IS SOME OF THE
DEFENSIVE THINGS THAT NO ONE
WANTED TO BUY OVER THE LAST
COUPLE
YEARS LIKE GOLD AND TREASURYS
UTILITIES WEEKS ETCETERA AND ON
A RELATIVE BASIS. THEY'RE
STARTING TO PERK UP AND IF
THESE
ASSET CLASSES FIND MORE LOVE I
THINK IT A POINT TO INVESTORS
BECOMING MORE RISK AVERSE AND
THAT'S WHAT WE'RE REALLY
TRACKING
RIGHT NOW.
>> DO YOU THINK THE MARKET AS
WE MENTIONED THERE'S A LITTLE
BIT OF A PULLBACK THIS WEEK BUT
WITH THE MARKET STILL AT NEAR
RECORD HIGHS. DO YOU THINK THAT
THE MARKET OVERALL IS
OVERVALUED RIGHT NOW.
>> YOU HAVE TO TAKE ALL THESE
THINGS IN THE CONTEXT OF WHAT
WE ARE WE'RE IN AN UPTREND SO
BEING OVERBOUGHT OR OVERVALUED
JUST DOESN'T MATTER YOU CAN
MAKE THE ARGUMENT OVER
THE PAST 5 TO 10 YEARS THAT
THINGS ARE OVERVALUED INTEREST
RATES ARE LOW MONEY
IS CHASEN RISK ON ASSETS AND IN
THE CONTEXT OF AN UPTREND IT
DOESN'T ACTUALLY MATTER.
>> I GOOD IN
SAY THERE WANT TO GET YOUR TAKE
ON CRYPTO WE HAD COINBASE THEIR
DIRECT LISTING LAST IN THE
AFTERMATH OF THAT WE CRYPTO
PLANT PRICES
SKYROCKET THEN FALL THEN GO
BACK UP WHAT DO YOU MAKE OF THE
CRYPTO SPACE.
>> I'M NOT A CRYPTO EXPERT AND
FRANKLY, IT DOESN'T MATTER IF
YOU
KNOW WHAT NOT YOU HAVE TO BE
COMFORTABLE WITH THE DROPOUTS
AND IF YOU'RE NOT COMFORTABLE
WITH LOSING
5060 70% OF YOUR MONEY YOU
SHOULD PROBABLY STAY AWAY FROM
THIS THERE'S TOO
MUCH UNCERTAINTY. IT HAS ITS
POSITIVES BUT FRANKLY WITH THAT
KIND OF VOLATILITY IT'S NOT FOR
MOST PEOPLE.
>> SO WE KNOW PAY TAXES ME NOW
GETTING IN TO THE CRYPTO
SPACE POTENTIALLY BRINGING MORE
CREDENCE TO TO THE SPACE.
WHAT DO YOU SEE IS THE BIGGEST
RISKS FOR IT.
>> GOVERNMENT I THINK
IT'S NAIVE TO THINK THAT THE
GOVERNMENTS ARE GOING TO SIT
BACK AND HAVE SOMETHING COME
TAKE OVER ITS CURRENCY AND ACT
AS A STORE OF VALUE. AND SO THE
BIGGEST RISK TO ME IS THIS WHAT
THE GOVERNMENT'S GOING TO END
UP DOING IT HOW THEY'RE GOING
TO REGULATE IT
POSSIBLY THROUGH TAXATION OR
OTHER METHODS.
>> REALLY GOOD
>> AND JANET YELLEN OF COURSE
HAS EXPRESSED A BIT OF
SKEPTICISM I ALREADY
ABOUT CRYPTO IN TERMS OF THE
MARKETS
IN JEN EARL WHICH SECTORS ARE
YOU PARTICULARLY
WATCHING IT YOU SAID YOU KNOW
THERE'S OF COURSE THE ROTATION
INTO
DIFFERENT SECTORS. WHAT DO YOU
LIKE RIGHT NOW WHERE DO YOU
THINK THAT THERE'S SOME
OPPORTUNITY.
>> IN THE SHORT TERM, IT'S BEEN
A TOP TEST REALLY RIGHT, YOU
SEE THINGS LIKE ENERGY
FINANCIAL SMALL
CAP THAT WERE THE DARLINGS OF
THE MARKET MONTHS AGO STARTING
TO
ROLL OVER AND WITH RATES
STARTING TO SUBSIDE AT LEAST IN
THE SHORT TERM YOU'RE STARTING
TO SEE TACK AND GROWTH BUBBLE
UP TO THE SURFACE AND THAT GOOD
NEWS FOR
TECHNOLOGY SECTOR. LAST WEEK
NASDAQ 100 ALL-TIME HIGH
ALL-TIME HIGHS ARE A GOOD THING
THIS
IS NOT BARISH AND UP TRENDS ARE
STILL UP TRENDS AND INVESTORS