RUSH TRANSCRIPT David North ░░░░░░░░ senator Kevin Cramer thank ░░░░░░░░ for coming in sir ░░░░░░░░ it well another worrying ░░░░░░░░ weighing on markets today ░░░░░░░░ that 4 2 spike ░░░░░░░░ the consumer price index ░░░░░░░░ tends to be a ░░░░░░░░ inflation gauge and it ░░░░░░░░ surging to a 12 ░░░░░░░░ high so where should ░░░░░░░░ put your money in ░░░░░░░░ high inflation environment Joining ░░░░░░░░ now is market watcher ░░░░░░░░ shanna cissel and courtney ░░░░░░░░ Courtney first to you ░░░░░░░░ higher inflation you don ░░░░░░░░ want to hold on ░░░░░░░░ cash because it loses ░░░░░░░░ value by the day ░░░░░░░░ hyper inflation by the ░░░░░░░░ let s hope we ░░░░░░░░ t get there but ░░░░░░░░ you haven t seen ░░░░░░░░ rates rise so high ░░░░░░░░ because of the fact ░░░░░░░░ the Fed has been ░░░░░░░░ so many bonds to ░░░░░░░░ to keep those interest ░░░░░░░░ down so where else ░░░░░░░░ you put your money ░░░░░░░░ you don t hold ░░░░░░░░ in cash you don ░░░░░░░░ buy bonds you don ░░░░░░░░ have much else except ░░░░░░░░ stocks to buy do ░░░░░░░░ Yeah and stocks aren ░░░░░░░░ necessarily a bad place ░░░░░░░░ be looking to make ░░░░░░░░ you are keeping place ░░░░░░░░ inflation You want to ░░░░░░░░ sure you re having ░░░░░░░░ that have the pricing ░░░░░░░░ to be able to ░░░░░░░░ on the inflation to ░░░░░░░░ consumers which therefore is ░░░░░░░░ to benefit you as ░░░░░░░░ shareholder and it s ░░░░░░░░ here because if you ░░░░░░░░ at the market like ░░░░░░░░ nasdac is down a ░░░░░░░░ more than the S ░░░░░░░░ 500 because your tech ░░░░░░░░ are especially vulnerable to ░░░░░░░░ rates rising and that ░░░░░░░░ an example pretty heavily ░░░░░░░░ ed in tech so ░░░░░░░░ think oh the whole ░░░░░░░░ are down while interest ░░░░░░░░ are rising but it ░░░░░░░░ isn t the case ░░░░░░░░ your point there are ░░░░░░░░ that will benefit like ░░░░░░░░ example think of like ░░░░░░░░ which actually their net ░░░░░░░░ interest will increase with ░░░░░░░░ rates rising or things ░░░░░░░░ commoditieses will have price ░░░░░░░░ so you want to ░░░░░░░░ those things that go ░░░░░░░░ with inflation which is ░░░░░░░░ hedge against inflation you ░░░░░░░░ to have that in ░░░░░░░░ portfolio right now and ░░░░░░░░ are a good place ░░░░░░░░ look for that David ░░░░░░░░ in the bottom right ░░░░░░░░ the screen we have ░░░░░░░░ Zealand dock nasdac it ░░░░░░░░ close to 1 68 ░░░░░░░░ now are there bargains ░░░░░░░░ be had It looks ░░░░░░░░ it s going to ░░░░░░░░ below 13 000 Are ░░░░░░░░ bargains to be had ░░░░░░░░ the nasdac I think ░░░░░░░░ really depends on what ░░░░░░░░ investment goal is If ░░░░░░░░ have a long term ░░░░░░░░ horizon and longer term ░░░░░░░░ I do think that ░░░░░░░░ s a lot of ░░░░░░░░ in technology right here ░░░░░░░░ s positive long term ░░░░░░░░ for a lot of ░░░░░░░░ stocks we ve had ░░░░░░░░ strong earnings the issue ░░░░░░░░ is not fundamentals of ░░░░░░░░ stocks these stocks have ░░░░░░░░ strong earnings and very ░░░░░░░░ guidance It s simply ░░░░░░░░ inflation risk this inflation ░░░░░░░░ does impact these faster ░░░░░░░░ companies more than as ░░░░░░░░ pointed out other areas ░░░░░░░░ the market like energy ░░░░░░░░ financials and then if ░░░░░░░░ just look at the ░░░░░░░░ of the core CPI ░░░░░░░░ the core inflation numbers ░░░░░░░░ look at lodging you ░░░░░░░░ at car prices these ░░░░░░░░ all places that would ░░░░░░░░ from rising inflation David ░░░░░░░░ courtney one thing we ░░░░░░░░ not to be to ░░░░░░░░ you into picking stocks ░░░░░░░░ but we know that ░░░░░░░░ chip manufactures are going ░░░░░░░░ get a lot more ░░░░░░░░ There s a huge ░░░░░░░░ in the world for ░░░░░░░░ right now Is that ░░░░░░░░ place that you be ░░░░░░░░ because whatever we make ░░░░░░░░ s going to have ░░░░░░░░ in it Just about ░░░░░░░░ we make is going ░░░░░░░░ have chips in it ░░░░░░░░ would that be one ░░░░░░░░ to go That is ░░░░░░░░ good example and you ░░░░░░░░ seeing that actually in ░░░░░░░░ lot of different sectors ░░░░░░░░ there s this huge ░░░░░░░░ and demand constraint right ░░░░░░░░ so anywhere that you ░░░░░░░░ seeing a supply and ░░░░░░░░ constraint chips is definitely ░░░░░░░░ of those that very ░░░░░░░░ might get exacerbated as ░░░░░░░░ economy continues to reopen ░░░░░░░░ it is something to ░░░░░░░░ able to take advantage ░░░░░░░░ right now especially if ░░░░░░░░ s good values to ░░░░░░░░ had David shana can ░░░░░░░░ ask you to weigh ░░░░░░░░ on that Would you ░░░░░░░░ looking at chip manufactures ░░░░░░░░ absolutely One of my ░░░░░░░░ names is nvi dia ░░░░░░░░ I continue to believe ░░░░░░░░ anytime nvidia sees a ░░░░░░░░ turn downwards I m ░░░░░░░░ buyer and also names ░░░░░░░░ marvel technology which is ░░░░░░░░ big benefactor of 5g ░░░░░░░░ and is a big ░░░░░░░░ of the build out ░░░░░░░░ 5g That s another ░░░░░░░░ that is only going ░░░░░░░░ benefit from this imbalance ░░░░░░░░ supply and demand which ░░░░░░░░ it turns out is ░░░░░░░░ of the things that ░░░░░░░░ inflation is that imbalance ░░░░░░░░ got to ask you ░░░░░░░░ one of those stocks ░░░░░░░░ do not David okay ░░░░░░░░ good And I do ░░░░░░░░ David ladies thank you ░░░░░░░░ much for being here ░░░░░░░░ forgive me for that ░░░░░░░░ thank you very much ░░░░░░░░ being here Well the ░░░░░░░░ market is still on ░░░░░░░░ with people fleeing