Having me on your program. I mentioned what yields have done in the last three months, and stocks have been much of the story, but you seem to be most focused on what yields are doing. At what point do they become a problem for the trump rally . I think they may be now the problem in defense that the more importantly rates have gone up substantially. In other words, housing may begin to weaken, and secondly, we have over a trillion dollars in auto loans outstanding, which could also be a problem for future auto sales, car sales, so i think economically to higher Interest Rates and dont forget for such a long time that even an increase such as we had, which is not huge, went up 2. 6 on the tenyear. Its not a huge Interest Rate, but the increase is substantial. It was 1. 32 on the tenyear. This is a market thats run wild since the election. Do stocks deserve if you want to use that word, to be where they are today on all of this optimism about what president elect trump will actually be
Mario, we talked about the banks on this show almost every day since the election and for good reason, they have soared. What do you think of this particular call that may be the skys too blue . Look, the answer is the following. As goldman is a subset of whats going on in the entire ecosystem of stocks. After the election capitalism beat out socialism as a way to thats good for people who want to have assets protected under the rule of law. Now were putting back innovation and creativity. Goldman is terrific at that. Secondly, the notion of the whole notion of fiscal stimulation to augment Monetary Policy which is slowing down. Goldman is going to benefit from that. In addition to that, corporate love making goldman will benefit from that. In addition to that, tax reduction, reg reforms, individual taxes coming lower, Corporate Taxes coming lower. A lot of Little Details in between. I dont see any reason to not think it will do quite will over the next few years. Is answer is i bought
88 said dump it immediately. So a huge majority. I talked to a Hedge Fund Guy a while ago who got an allocation and he said hes dumping it immediately. Theres a lockup period for the insiders they cant sell for a year. But in terms lending, you need stock loan and so forth. In order to be able to do that, judge, you have to have somebody who will give you shares so you can lend them out and short it. That cant happen until settlement date now. By the documents that folks have signed. So that means three days, you cant short this stock. If you try, you could be actually even taken up on charges for it. So and i dont mean by these guys. I mean because youre violating Securities Law if you short it and capta and cant borrow it. I think this one is going higher. I thought after the initial flippers did their thing in the first hour you could start to see it meander higher. Its already done that. Its crossed through 25 now. Well see i think it could see close to 30 by the end of the day. Sm
Unemployment rate dropped slightly to 4. 9 . Anthony Hillary Clinton tops trump in categories like foreign policy. We welcome to wall street week, wilbur ross, wilbur, you are supporting donald trump, but i think its largely for economic reasons. Could you explain to us why . I think we need a change. The 161,000 jobs was he people c enough. But all jobs are not created equal. 8. 2 of these total jobs are part time. Part time jobs went up, went up 90,000. Fulltime jobs were down 109,000. Thats not a healthy economy. While the media may say this is fine. The guy who is stuck in a parttime job doesnt think so. The other reason jobs are not created equal, a lot of these were in healthcare and retail. Those are not highpaying jobs, and the retail ones are probably just temporary. Anthony what could the new administration do to change that mix of jobs and the quality of them and improve the wage mix for the American Worker . It could do a lot of things. We have a huge trade balance problem.
Unemployment rate dropped slightly to 4. 9 . Anthony Hillary Clinton tops trump in categories like foreign policy. We welcome to wall street week, wilbur ross, wilbur, you are supporting donald trump, but i think its largely for economic reasons. Could you explain to us why . I think we need a change. The 161,000 jobs was he people c enough. But all jobs are not created equal. 8. 2 of these total jobs are part time. Part time jobs went up, went up 90,000. Fulltime jobs were down 109,000. Thats not a healthy economy. While the media may say this is fine. The guy who is stuck in a parttime job doesnt think so. The other reason jobs are not created equal, a lot of these were in healthcare and retail. Those are not highpaying jobs, and the retail ones are probably just temporary. Anthony what could the new administration do to change that mix of jobs and the quality of them and improve the wage mix for the American Worker . It could do a lot of things. We have a huge trade balance problem.