Anthony its true, and this month the markets falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. Keith banks is the president of u. S. Trust bank america wealth management. Rick szelc the managing director of neuberger berman. Eight years later, is it all about the fed . All about the fed. More about earnings. We view it right now the p e multiples about 17 time, not going to expand much from here. To make a case for higher levels in the market, you have to make a case for stronger earnings. But 17 historically is a high number for s p earnings. Isnt typically 15, 16 the higher valuation. The high end of a range and, in fact, we just actually at u. S. Trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u. S. President ial election, you got the u
Week, im anthony scaramucci. Gary im gary kaminsky. With the market clawing back and then some. Two of the handlists from the original wall street week. Chairman and ceo Mario Gabelli and liz saunders. Mario, what your outlook . The corporate economy will do well in the united states. Dead is 14. 3 trial. Jobs are plentiful. Wages are rising. But i think the Consumer Sector is okay. More importantly, we as a country consume 20 Million Barrels of oil. The price is down 50. Somebody is saving 1 billion a day and that is working its way through the system slowly. Im optimistic about the u. S. Economy. Europe will do bert in 2017, and i think that will help a lot of corporate profits and unfold in the second half of this year. Gary for viewer, what happens in january. Why was there such a fear of recession and why did it have such an impact on the markets . You go back to the fall of 2015. The impact on energy, mining and the American Industrial infrastructure and the fact it could ripple
Week, im anthony scaramucci. Gary im gary kaminsky. With the market clawing back and then some. Two of the handlists from the original wall street week. Chairman and ceo Mario Gabelli and liz saunders. Mario, what your outlook . The corporate economy will do well in the united states. Dead is 14. 3 trial. Jobs are plentiful. Wages are rising. But i think the Consumer Sector is okay. More importantly, we as a country consume 20 Million Barrels of oil. The price is down 50. Somebody is saving 1 billion a day and that is working its way through the system slowly. Im optimistic about the u. S. Economy. Europe will do bert in 2017, and i think that will help a lot of corporate profits and unfold in the second half of this year. Gary for viewer, what happens in january. Why was there such a fear of recession and why did it have such an impact on the markets . You go back to the fall of 2015. The impact on energy, mining and the American Industrial infrastructure and the fact it could ripple
Week, im anthony scaramucci. Gary im gary kaminsky. With the market clawing back and then some. Two of the handlists from the original wall street week. Chairman and ceo Mario Gabelli and liz saunders. Mario, what your outlook . The corporate economy will do well in the united states. Dead is 14. 3 trial. Jobs are plentiful. Wages are rising. But i think the Consumer Sector is okay. More importantly, we as a country consume 20 Million Barrels of oil. The price is down 50. Somebody is saving 1 billion a day and that is working its way through the system slowly. Im optimistic about the u. S. Economy. Europe will do bert in 2017, and i think that will help a lot of corporate profits and unfold in the second half of this year. Gary for viewer, what happens in january. Why was there such a fear of recession and why did it have such an impact on the markets . You go back to the fall of 2015. The impact on energy, mining and the American Industrial infrastructure and the fact it could ripple
Week, im anthony scaramucci. Gary im gary kaminsky. With the market clawing back and then some. Two of the handlists from the original wall street week. Chairman and ceo Mario Gabelli and liz saunders. Mario, what your outlook . The corporate economy will do well in the united states. Dead is 14. 3 trial. Jobs are plentiful. Wages are rising. But i think the Consumer Sector is okay. More importantly, we as a country consume 20 Million Barrels of oil. The price is down 50. Somebody is saving 1 billion a day and that is working its way through the system slowly. Im optimistic about the u. S. Economy. Europe will do bert in 2017, and i think that will help a lot of corporate profits and unfold in the second half of this year. Gary for viewer, what happens in january. Why was there such a fear of recession and why did it have such an impact on the markets . You go back to the fall of 2015. The impact on energy, mining and the American Industrial infrastructure and the fact it could ripple