Well get the story from tennessee senator Marsha Blackburn. All that and more on making money. Charles it is election day. Everyone wants to know how the outcome will impact the market. My goal on the show is to go into the nuances of market. We seek out individual opportunities. Historically the market higher three months into the election has seen the incumbent win every time since 1984. 20 out of the last 23 election cycles that goes a long way. On that note i would like to give me as i bring in my guests succinct answers on the specific sectors because were looking for opportunities. I have got the right guys for you. Beginningbeginning with send grd bahnsen, Heritage Capital cio paul schatz, belpointe chief Market Strategist david nelson. I want to start with technology and communications. Been a rough go but david nelson, how do you see this group postelection . I think the message from the market you can move down the valuation curve. Last week you saw four of five Largest Compa
No more. What will the new name be . I would love to hear from you. That and much more on making money. Charles we begin with a fox business alert, folks. Big changes in the richest people list. Elon musk has blazed past Warren Buffett and timing could not be better, more reflective of a world and business stock market. On the one hand, you have brash, cocky, impatient elon musk, who wants to conquer underground, aboveground, wants to travel to outer space to make peoples lives different for people on the planet. Extremely patient Warren Buffett, oracle of omaha, his investments are in daily hab business. Both are folk heroes for millions. It is about the conventional wisdom and naysayers which has a whole new crop of investors in the market saying same thing. Experts are complaining about everything from central bank policy, trailing price, earnings ratios while missing the rally. Millenial investors looking for ways to invest in the stock market. They are buying things they believe i
Into the end of the year. Some say good for him, it is about time we focused on hiring americans. That and more on making money. Charles apple, amazon, microsoft, facebook, netflix, yeah, all in record territory folks. [inaudible]. Sectors are higher with tech and Communications Services leading the way. As new home sales may have smashed expectations for may. 676,000 was the number there. Richmond fed manufacturing number saw a huge improvement. Then is was the bmi number almost at expansion. Wall street analysts and titans theyre coming around despite the fact they get hammered in the Financial Press for being optimistic. Credit suisse joined Morgan Stanley saying yes, well have stronger stock gains this year. Steve schwarzman says economy in for a big vshaped bounce. Where should we invest right now as we Gain Momentum . I want to bring in belpointe strategist david nelson and Heritage Capital paul schatz. Let me get your initial thoughts on the current action in the market the last
This year at 9. 3 . Then recovering next year to five or 6. 5 in 2021. Now pce inflation under 1 . Longterm federal funds rate again, they see it at 2 1 2 , getting back to that. But again no raise in rates for the next two years. Now in the statement, theyre very interesting language. They put in financial conditions have improved in part reflecting policy measures to support the economy and the flow of credit to u. S. Households and businesses. They have had weaker demand it says on, as well as oil prices have kept inflation historically low. Federal reserve is committed they say to use the full range of tools to support the economy. This was a unanimous decision but again, charles, holding the federal funds rate where it is at least through 2022 is their projections. Back to you. Charles edward, thank you very much, my friend. Hopefully well come back to you for some Additional Information but right now i would like to bring in to discuss, kaltbaum Capital Management president , gar
We have all that and big show on making money. Charles stocks edging a little bit lower today as the street awaits whether we get more stimulus injected into this economy. Of course the reopenings are underway. A lot of Small Businesses need the aid. That is a big contention. Investors got a big bump when the ecb expanded their asset buying program, additional 600 billion euros, a lot more than anyone thought. Now it is 1. 35 trillion euros. In case you missed it here in the United States, we have folks, witnessed the greatest 50day rally in the stock market. People are wonder something this still a bear market rally . We have waltzer Wealth Management president , rebecca walser. Go back to march 23rd, someone says over a brew, next 50 days we set records to the upside, you say, come on. Maybe we were oversold but magnitude of this reversal has been mindboggling. It has, charles. It has been great. This is what we need, we need a rally to encourage the american investor to take a breat