talking. the secretary price understands in washington, sometimes they can t let a cry it is go. pleasure to see you. amen. charles: happy to see you. hanpy new year. happy new year. charles: the dow jones industrial average moved closer to 37,000. the nasdaq did the exact opposite. it got shellacked. gary kaltbaum is here with us. the value names on the dow shot higher. the high flying tech names, the gadget names got crushed. what s going on? the growth names have been in trouble for a while. the last couple days for lack of a better word, they ve been obliterated as interest rates have moved higher that is giving the impetus for the stuff, the things that are comatose like financials and energy, auto stocks. ford breaking out of multiyear highs. that is the place the be.
day and the night, look at europe, look at our futures, how they re holding up. what would worry you? what would be something that would jar you? on thursday we saw broad selling in both growth and what we call value names. neil: right. i don t like it when names that a appear to be properly valued sell off with the growth names. that means people are scared. when they re neil: in other words, showing no abandon, just everyone. right. when they re selling gold as well or when gold doesn t rally in that circumstance, that s also scary. now, we did see a little bit of a rally in gold on thursday afternoon. i actually told you that was a signal for me to buy some stocks because the market was taking this seriously. for the one-day window, those trades all worked. except for general dynamics, but we won t go into that. neil: defense stocks could take it on the chin if we get tough on saudi arabia, right? that s true. and you could name a defense stock, i m probably long the name.
period so this year it s likely will see more of a broad based sort of interest in other sectors of the market not just confined to that say consumer as well as technology yes what will be the interesting sectors this year what should investors be focusing on in twenty eight. when we look at the market itself you can really break up the sectors in the stocks into value names so those names which is cheap and sort of under under looked under out of favor both by investors and then the growth names so names such as cover those property names i may and june does well is that the tech related names so in the vironment like this where growth is been trading at a forty percent premium to the value part of the market it s likely that the value sectors could do well with the banks whether it s insurance whether it s consumer staples but it is really it s again this year like all years when it comes to china very very stock specific on the fundamentals or what s driving company profits
this year it s likely will see more of a broad based sort of interest in other sectors of the market not just confined to let s say consumer as well as technology yes what will be the interesting sectors this year what should investors be focusing on in twenty eight. when we look at the market itself you can really break up the sectors in the stocks into value names so those names which are cheap and so under under look to under go out of favor both by investors and then the growth names so names such as cover those probably names i mentioned as well as the tech related names so in the virus like this where growth has been trading at a forty percent premium to the value part of the market it s likely that the value sector could do well with the banks whether it s insurance whether it s consumer staples but it is really it s again this year like or year when it comes to china very very stock specific on the fundamentals or what s driving company profits
do i get in. neil: what do you tell them, heather? they feel like they ve been missing it. that is also propping the markets up. fear of missing it. there s no where else to go. be patient and wait. if you want some exposure to the markets, look for some value names. not the big facebook, amazon, netflix, google. they re sexy and they ve had a tremendous run but that may not be the best place to put your money given the run that they ve had. it s okay to wait a little bit with some cash on the sidelines to hedge your bets. neil: the other aspect, alan, real quickly, is interest rates. they ve been very low. they re nothing like i can remember when my wife and i got our first house. it was double digits. to a lot of young people today in the same position, they see a mortgage going to 4 something and they think they miss the boat. our perspective is change.