Stocks a buy despite trade tensions, partial government shutdown headlines?

Stocks a buy despite trade tensions, partial government shutdown headlines?


CHAI WE MAY CHIN WE MAY CHINESE MAY CHINESE WAY CHINESE WEY CHINESE WE MAY HAVE THE A MARKET TURNAROUND. LAUREN: LET’S GET REACTION TO ALL THIS. JONAS JOINS US NOW. THE WALL STREET JURY L NAIL GAL THE WALL STREET JURY L JAIL GAL THE WALL STREET JURY L JOUL GAL THE WALL STREET JURY L JOURNGAL THE WALL STREET JURY L JOURNALL THE WALL STREET JURY L JOURNAL R THE WALL STREET JURY L JOURNAL P THE WALL STREET JURY L JOURNAL R THE WALL STREET JURY L JOURNAL E THE WALL STREET JURY L JOURNAL D THE EASING OF SOME OF THE TARIFFS. WHY ARE STOCKS UP?>>IT WAS A BRIEF POP. I THINK IT WAS LATE IN THE 2:00 HOUR YESTERDAY IF I RECALL. BECAUSE MORE NEWS COULD HAVE COME OUT. INVESTORS WHO MIGHT HAVE BEEN SHORT OR WANTED TO TAKE ON POSITIONS RIGHT BEFORE IN CASE THEY WANTED TO GET AHEAD OF THE STORY THAT WAS AN ACTUAL THING AND NOT JUST A RUMOR, IT’S POSSIBLE THE STORY’S COMING OUT BECAUSE THE SHUTDOWN IS GETTING KIND OF NEGATIVE NOW AND WE NEED SOMETHING POSITIVE AND TO HAVE THE OVERHANG OF A TARIFF TRADE WAR THAT’S ESCALATING SOON AND A GOVERNMENT SHUTDOWN IS NOT GREAT FOR THE MARKETS. RIGHT NOW, THE MARKETS HAVE BEEN ROCK SOLID SINCE THE SHUTDOWN STARTED WHICH IS KIND OF SURPRISING. LAUREN: THERE’S A LOT OF OVERHANGS AND DARK CLOUDS FOR THE MARKET. IT’S ALL POOR VISIBILITY. IT BEGS THE QUESTION, WHAT DO INVESTORS DO WHEN THEY’RE LOOKING AT ALL THESE ISSUES? SEEMS LIKE INVESTORS ARE BUYING. WHAT DO YOU MAKE OF THAT?>>I DON’T THINK THE TARIFF WAR OR THE SHUTDOWN ARE REASONS NOT TO OWN STOCKS. GLOBAL RECESSIONS, CREDIT PROBLEMS, EARNINGS PROBLEMS, GROWTH PROBLEMS WITH TECH COMPANIES, THOSE ARE LEGITIMATE REASONS THE MARKET COULD GO LOWER. THESE ARE NOT LONG-TERM PROBLEMS THAT WOULD AFFECT CORPORATE EARNINGS FOR LONG PERIODS OF TIME. LAUREN: I WANT TO TALK ABOUT RECESSION. UBS IS SAYING THE U.K. COULD GO INTO A RECESSION IN 2020 IF THERE’S NO ORDERLY BREAK FROM THE EUROPEAN UNION, IF THERE IS A HARD BREXIT. AT THE SAME TIME, THE CONFERENCE BOARD, JONAS, THEY’RE OUT WITH A SURVEY OF CEOS AND THE BIGGEST RISK FOR THE CEOS THIS YEAR IS RECESSION. DO YOU THINK WE SHOULD BE WORRIED ABOUT A U.S. OR A GLOBAL RECESSION?>>I THINK THERE’S A PRETTY HIGH RISK OF A GLOBAL RECESSION. I STILL THINK THE U.S. COULD AVOID IT WITH JUST KIND OF A SLOWER ECONOMY. WE’RE PRETTY STRONG RIGHT NOW, VERY FAVORABLE ENVIRONMENT COMPARED TO OTHER COUNTRIES. THEY VOTED FOR A RECESSION IN THE U.K. WHEN THEY VOTED FOR THE BREXIT A FEW YEARS AGO. THE GOOD NEWS IS THEIR ECONOMY IS SMALLER THAN CALIFORNIA NOW. I KNOW THEY THINK THEIR IMPORTANT IN THE WORLD STAGE. THEY’RE JUST NOT. THEY WILL HAVE A HARD TIME. THAT COUNTRY BY ITSELF CANNOT CAUSE — THERE CAN BE PANICS, CREDIT MARKET PROBLEMS, THE BANKS OVER THERE CAN HAVE PROBLEMS, BUT IT’S NOT LIKE CHINA OR JAPAN. LAUREN: SOME FOLKS ARE SAYING YOU CAN SEE THE BREAKUP OF THE HE E.U. ENTIRELY IF MORE COUNTRIES GO THE WAY OF GREAT BRITAIN AND THAT IS –>>NOT IF IT GOES BADLY. I THINK THE POUND’S GOING TO PAIR PARODY AGAINST THE DOLLAR. IT WAS 2 A FEW YEARS AGO IN ’07. LAUREN: I REMEMBER. I WAS THERE.>>IT WILL BE A GREAT TRAVEL DESTINATION IF YOU DON’T GET STOPPED AT THE BORDERS BECAUSE IT’S BASICALLY BECOMING THEIR

Author:

One thought on “Stocks a buy despite trade tensions, partial government shutdown headlines?”

Leave a Reply

Your email address will not be published. Required fields are marked *