Excited. All right. Hi, everybody and good evening thanks for joining us on a busy thursday all that ahead but we have to start with the top story because 2020 is looking like 2019 mor new records. The s p dow and nasdaq all posting alltime highs but there are a couple of big events that could change things up in the coming days beginning with the big jobs number tomorrow the expected signing of the phase 1 trade deal next week now iran has calmed but not gone and everyone seems to be, guy, wondering about the fed. How should investors be getting ready for this the macrosetup with the market that just cant be held down. Ive said it for a while, i definitely made this more complicated than it has to be. Its interesting, the knock against bitcoin its created the out of thin air. Thats exactly with the Federal Reserve has been doing since september. Creating liquidity out of thin air and thats justing the market north of 400 billion over the last three and a half months by april the Balan
It was attacked by rk terrorists 20 years ago. Thank you for joining us. Thank you. It was those forces was it . No, it wasnt. It was tied in with the planning and malaysia. It was bin laden himself and he paid the price. Now of course another major architects paid the price as well. Your initial thoughts. I think this was a strike which led indications to our nation, middle east and potentially the world. When you look at what iran has been doing in the past decade, theyve been upping the ante. This individual alone probably has more blood on his hands than any single individual. Over 600 plus americans killed because of his or his proxy forces that he was orchestrating throughout the middle east and what we did here was we disrupted future planning the iran was going to come after us in our interest throughout the region. A largescale operation. We disrupted it. The state department as a defensive action, people who read the media would think its an offense of action, they said they
And joining us now to see what 2020 has in store is managing director, victor anthony, and Portfolio Manager at needham growth fund, Chris Retzler good morning. I look at the tech stocks that did the best this year, a lot of them were kind of underdogs, roku, top of the list coming into the year, people talked about netflix would beat up on them this year, the narrative seems to have shifted. Apple is another one people thought apple would have a bad year not only trend wise in tech whats important in 2020, are there underdog names you particularly have in mind . Victor well, mostly on small cap large cap, i see amazon, alphabet, google, facebook continue to outperform those arent underdogs. Are they no. Angies Home Services which underperformed significantly in 2019, i think another one, comscore, unforeseen event, management departures, outperformed significantly Online Dating app, the meet group, meet glad it is spelled that way different kind of stock if spelled another way. Up abo
2019. Breaking with tradition. Shocking numbers show Online Dating is crushing family and friends when it comes to meet someone special. How can you make money off of it . That and much more on making money. Charles folks look like were close to putting pen to paper. The white house confirming phase one of the china trade could be signed within a week. Well probably have a signing within the next week or so. Were waiting for the translation. You have got intellectual property theft in detail from the, may agreement. Youve got a good start on forced technology transfer. There is good language on currency manipulation which is a big deal. You have got access, Financial Market access in china. Charles getting the deal signed, sealed and delivered, what will it mean for 2020 . Like to welcome former trump trade and jobs advisor curtis ellis. We were this close, with we got the translation what language is that . Thats right. Charles this time it feels like it is true. Not just Peter Navarr
2020 fresh economic stimulus from beijing adding to the optimism but under the surface the russell 2000 seeing its worse day in a month and we got some mixed labor market data here in the u. S. Earlier in the session. We are up 235 points on the dow, near highs on the session for all three major averages joining us paul hickey cofounder of the spoke Investment Group very good afternoon to you happy new year to you. Where do you stan in terms of whether this bullishness is justified. Is it easy to pick bullish or bearish as we stand . When you look where things stand out, you look at the equity pros and cons which we look at on a regular basis, the pros are balanced with the cons. That doesnt suggest you should be taking a cautious view or just a neutral view implies average returns for the market Going Forward. And when we look whats going on in the market now, whats happening now, brett hits new high nasdaq hitting new highs what we follow closer than any other group is semiconductors