RUSH TRANSCRIPT To date ░░░░░░░░ Federal Reserve key inflation ░░░░░░░░ showing the rate of ░░░░░░░░ is cooling Now the ░░░░░░░░ rate year over year ░░░░░░░░ April 2021 rejoined me ░░░░░░░░ now root founder and ░░░░░░░░ partner David Great to ░░░░░░░░ it Thanks for being ░░░░░░░░ print is present Biden ░░░░░░░░ a victory lap on ░░░░░░░░ economy and despite the ░░░░░░░░ inflation you have got ░░░░░░░░ concerns Yes I ve ░░░░░░░░ talking for a long ░░░░░░░░ about the idea I ░░░░░░░░ not really like Republicans ░░░░░░░░ to pile on the ░░░░░░░░ story It s inevitably ░░░░░░░░ to go away Even ░░░░░░░░ all the reckless things ░░░░░░░░ Biden did with the ░░░░░░░░ 2021 spending bill The ░░░░░░░░ of the matter is ░░░░░░░░ was never enough embedded ░░░░░░░░ growth in this economy ░░░░░░░░ have spent so much ░░░░░░░░ takes away puts downward ░░░░░░░░ on production over time ░░░░░░░░ I want people who ░░░░░░░░ free enterprise to focus ░░░░░░░░ We get some part ░░░░░░░░ growth we ve been ░░░░░░░░ it now for 15 ░░░░░░░░ Maria you are right ░░░░░░░░ Kaplan mentioned this on ░░░░░░░░ Graham a couple ago ░░░░░░░░ as a Federal Reserve ░░░░░░░░ in inflation the junkets ░░░░░░░░ nominate on the fiscal ░░░░░░░░ I m scared take ░░░░░░░░ where things are going ░░░░░░░░ had goodyear and socks ░░░░░░░░ have a repeat in ░░░░░░░░ second half of the ░░░░░░░░ What is it your ░░░░░░░░ for the second half ░░░░░░░░ we begin the second ░░░░░░░░ this week on the ░░░░░░░░ and on markets Text ░░░░░░░░ be very surprised at ░░░░░░░░ way the market goes ░░░░░░░░ the second half Have ░░░░░░░░ good second half What ░░░░░░░░ mean by that is ░░░░░░░░ stocks being 85 of ░░░░░░░░ return of the S ░░░░░░░░ 500 Other years you ░░░░░░░░ such a small amount ░░░░░░░░ stocks be such a ░░░░░░░░ portion of the return ░░░░░░░░ we are tired but ░░░░░░░░ few tech stocks this ░░░░░░░░ s AI obviously You ░░░░░░░░ 20 07 992 021 ░░░░░░░░ that were followed by ░░░░░░░░ challenging years the market ░░░░░░░░ do not like the ░░░░░░░░ index We do not ░░░░░░░░ being dependent on expensive ░░░░░░░░ technology stocks But we ░░░░░░░░ think there s great ░░░░░░░░ out there and its ░░░░░░░░ growth investors who want ░░░░░░░░ find those companies that ░░░░░░░░ grow their dividends through ░░░░░░░░ may end up being ░░░░░░░░ mild recession I love ░░░░░░░░ idea like dividend payers ░░░░░░░░ gives you consistent growth ░░░░░░░░ We have seen the ░░░░░░░░ there What to do ░░░░░░░░ technology Look at some ░░░░░░░░ names met up 100 ░░░░░░░░ pre Microsoft up 40 ░░░░░░░░ to date Apple hit ░░░░░░░░ three chewing dollar valuation ░░░░░░░░ Friday What s he ░░░░░░░░ to do if you ░░░░░░░░ got all these outsized ░░░░░░░░ in your portfolio intact ░░░░░░░░ them or sell them ░░░░░░░░ she went to be ░░░░░░░░ they did not raise ░░░░░░░░ capitol gains taxes for ░░░░░░░░ thing If you do ░░░░░░░░ to sell the spry ░░░░░░░░ to be capitol gain ░░░░░░░░ now that s never ░░░░░░░░ reason to hold a ░░░░░░░░ avoiding taxation Went to ░░░░░░░░ gains in all of ░░░░░░░░ all are great companies ░░░░░░░░ do have anything negative ░░░░░░░░ say about the business ░░░░░░░░ the stock price on ░░░░░░░░ business are two different ░░░░░░░░ and prints are the ░░░░░░░░ important things in investor ░░░░░░░░ ever learn A stock ░░░░░░░░ can be disconnected from ░░░░░░░░ reality of the business ░░░░░░░░ when the reality of ░░░░░░░░ business is very good ░░░░░░░░ is why you see ░░░░░░░░ things going They are ░░░░░░░░ Maria Maria real quick ░░░░░░░░ the economy David About ░░░░░░░░ weeks will start getting ░░░░░░░░ second quarter earnings releases ░░░░░░░░ p Morgan will kick ░░░░░░░░ off on July 14 ░░░░░░░░ believe What everybody or ░░░░░░░░ earnings and how does ░░░░░░░░ fit with the narrative ░░░░░░░░ are expecting a mild ░░░░░░░░ Too definitely start up ░░░░░░░░ second quarter with significant ░░░░░░░░ failures affect continuing to ░░░░░░░░ rates and banks having ░░░░░░░░ a struggle Look at ░░░░░░░░ earnings in a week ░░░░░░░░ so I think people ░░░░░░░░ be very surprised out ░░░░░░░░ big banks are Interesting ░░░░░░░░ for earnings They underperforming ░░░░░░░░ and over perform It ░░░░░░░░ going to Florida stock ░░░░░░░░ to market the index ░░░░░░░░ and very competent in ░░░░░░░░ Price for the best ░░░░░░░░ payers and dividend growers ░░░░░░░░ what had attracted dividend ░░░░░░░░ want to be growing ░░░░░░░░ time Get a 7 ░░░░░░░░ for companies that is ░░░░░░░░ consistent cash flows I ░░░░░░░░ j p Morgan already ░░░░░░░░ dividend And then you ░░░░░░░░ to look at what ░░░░░░░░ been hit so far ░░░░░░░░ year Where has there ░░░░░░░░ some distress Walgreens is ░░░░░░░░ distressed company they have ░░░░░░░░ lot of work to ░░░░░░░░ up near 7 dividend ░░░░░░░░ per they ve grown ░░░░░░░░ over 50 years and ░░░░░░░░ have never earnings to ░░░░░░░░ cover it even during ░░░░░░░░ tough time Great info ░░░░░░░░ thank you.