Things where its always on the horizon, were about to do it. I think they will do it. That will take a huge uncertainty out of the way, usmca, nafta 2, getting that out of the way. The other thing to avoid is a trade war with europe over auto parts and imports. With all the optimism, bank of america said 68 of managerses think the markets going to be good. Thats usually a bearish sign. Lauren i know. When everyone starts saying things are so good, mitch, you study this, you know the stock market, does that mean you should go in the other direction. Not necessarily. Think about what happened last year. We were worried about the fed raising rates. This year the fed lowered rates three times. The markets are sending them a message, saying we like lower rates. I think fed talk will be the thing to look at. I would look at corporate earnings next year. Baked into the market this year is the fact that next year will be a good year for earnings. Last year was a meh year for earnings. Lauren i
Companies in the sector over the next year, rerun the analysis next year and present more analysis and set of recommendations. I will pause and pass it over to luke now to discuss similar analysis we have done in the Utilities Sector and what we have done here is conducted a similar analysis to identify companies to engage within the Utilities Sector over the next year. This is a separate memo attached to the same item. The way the pages are numbered it is broken up. We tend to say boards recommendation. On which page is the item. I see several items. We can make up the motion but i want to make sure we are on the same starting point. Page 36 has the summary of recommended actions. This is three parts. It references tables on the other pages that contain the list of companies. This is the company name. Okay. It is all the same starting point. We dont have to adopt 36. Lets work off that point. Board questions . Just a comment that on the cover page there is three recommended motions. P
Sanctions. Arizona was statute and it is being changed. The situation in the sudan has moved aware from the circumstances that caused the restrictions to be adopted in the first place. I would urge you to not additional to the list. You probably should eliminate did list. Andrew is wise to say you should be assured the situation is better and not accept the lack of sanctions as an indication. Others have taken that that the situation that warranted the restriction in the first place no longer existed. Why do you feel this cautious approach is better and what gives you comfort in the manner you are suggesting it . It benefits from a conservative approach to see if stability lasts in the country. There are situations throughout the history of sudan and this is pointed out elsewhere where things seem to move in a positive direction in terms of a stable democratic government and they revert. The recommendation here would be to monitor the situation to see if the transition to a civilian go
Situation that warranted the restriction in the first place no longer existed. Why do you feel this cautious approach is better and what gives you comfort in the manner you are suggesting it . It benefits from a conservative approach to see if stability lasts in the country. There are situations throughout the history of sudan and this is pointed out elsewhere where things seem to move in a positive direction in terms of a stable democratic government and they revert. The recommendation here would be to monitor the situation to see if the transition to a civilian government takes place, and, last, rather than remember removing restriction now have the situation deteriorate, sanctions be reintroduced and us in a position where we reimplement the full set of restrictions. That was the thought. What would you recommend to the board to clarify the second part of the motion or the second issue, the staff recommendation of the two companies . My clarification would be you suspend your curren
Well and apple. That event is just wrapping up now. Announcements shaking out in the stocks of different competitors. Were going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. Steve, great to see you. Good to see you its amazing. Not necessarily a major move for the averages today or right now. Everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet theres been this great rotation talk to us about that. The rotation is coming out of growth into value. How long does that last is how long the market will be under pressure and for now, it probably will last a little bit longer, but get a trade deal, throw everything i just said out the window and you see everything rally back people are making the analogy back to 09 and 2016, with this rotation that lasted for a couple of weeks. I dont think it will be that long do you really think were going to get a trade deal