Joining us now is ░░░░░░░░ bets president of redwood ░░░░░░░░ advisers and in advisor ░░░░░░░░ price financial with us ░░░░░░░░ here on the program ░░░░░░░░ Jason This surge in ░░░░░░░░ that we had in ░░░░░░░░ seems like it s ░░░░░░░░ out of gas a ░░░░░░░░ here A momentum is ░░░░░░░░ from the highs breath ░░░░░░░░ well We just went ░░░░░░░░ the pc E data ░░░░░░░░ probably helps a little ░░░░░░░░ the inflation side but ░░░░░░░░ the spending data hurts ░░░░░░░░ the on the growth ░░░░░░░░ net net What we ░░░░░░░░ hearing from some investors ░░░░░░░░ that they fear a ░░░░░░░░ test of the lows ░░░░░░░░ April to you We ░░░░░░░░ at the see rabbit ░░░░░░░░ plays out but I ░░░░░░░░ say that you know ░░░░░░░░ sure in terms of ░░░░░░░░ the high raf k ░░░░░░░░ Fifty three hundred on ░░░░░░░░ p those resistance points ░░░░░░░░ any material uptick in ░░░░░░░░ or softening of inflation ░░░░░░░░ be surprised if we ░░░░░░░░ those level on the ░░░░░░░░ any time soon in ░░░░░░░░ of retesting The lows ░░░░░░░░ think once again it ░░░░░░░░ depends on what we ░░░░░░░░ in terms of top ░░░░░░░░ and earnings as well ░░░░░░░░ just overall economic data ░░░░░░░░ the jobs and also ░░░░░░░░ personal savings in the ░░░░░░░░ s family Members are ░░░░░░░░ deal yeah to see ░░░░░░░░ that newcomer most definitely ░░░░░░░░ data on Friday So ░░░░░░░░ s the house view ░░░░░░░░ it Redwood on of ░░░░░░░░ cuts this year Yes ░░░░░░░░ we we believe somewhere ░░░░░░░░ zero Two two I ░░░░░░░░ had a market or ░░░░░░░░ of the beginning of ░░░░░░░░ year was in this ░░░░░░░░ la land of expected ░░░░░░░░ forty six rate cuts ░░░░░░░░ The feds made it ░░░░░░░░ clear that they re ░░░░░░░░ interested in and catering ░░░░░░░░ the market they wanted ░░░░░░░░ want to curb inflation ░░░░░░░░ while they got a ░░░░░░░░ job of that if ░░░░░░░░ the work isn t ░░░░░░░░ yet and so while ░░░░░░░░ have seen a few ░░░░░░░░ what I ll call ░░░░░░░░ mrs in terms of ░░░░░░░░ and consumer set settlement ░░░░░░░░ in right I believe ░░░░░░░░ low a couple weeks ░░░░░░░░ It s not enough ░░░░░░░░ need to see op ░░░░░░░░ often materially We need ░░░░░░░░ see inflation come down ░░░░░░░░ think before the federally ░░░░░░░░ reducing rates and I ░░░░░░░░ t see that happening ░░░░░░░░ off the I and ░░░░░░░░ June Be surprising if ░░░░░░░░ happens before ah fourth ░░░░░░░░ that said I m ░░░░░░░░ weakened earnings in earnings ░░░░░░░░ of carried the day ░░░░░░░░ a sense so got ░░░░░░░░ this act Last earnings ░░░░░░░░ with about a seven ░░░░░░░░ average gain revenue for ░░░░░░░░ in p five hundred ░░░░░░░░ I would say this ░░░░░░░░ that over the past ░░░░░░░░ months it s been ░░░░░░░░ kind of flat for ░░░░░░░░ equity market If you ░░░░░░░░ the that the drop ░░░░░░░░ April and than the ░░░░░░░░ gains in may he ░░░░░░░░ that telling a a ░░░░░░░░ story was that tell ░░░░░░░░ What it tells me ░░░░░░░░ that the that this ░░░░░░░░ growth was already priced ░░░░░░░░ stocks and it was ░░░░░░░░ and it s and ░░░░░░░░ s common it s ░░░░░░░░ been good but but ░░░░░░░░ market wants more and ░░░░░░░░ what will see where ░░░░░░░░ kind of transpired from ░░░░░░░░ week I think we ░░░░░░░░ to see continued improvement ░░░░░░░░ autism and we need ░░░░░░░░ see continued strong gotta ░░░░░░░░ we don t I ░░░░░░░░ we could see what ░░░░░░░░ return to the market ░░░░░░░░ materially We just a ░░░░░░░░ a little moment ago ░░░░░░░░ nvidia planning to upgraded ░░░░░░░░ I accelerators every year ░░░░░░░░ s a pretty aggressive ░░░░░░░░ but I think it ░░░░░░░░ essentially what the market ░░░░░░░░ without level of ambition ░░░░░░░░ try to get to ░░░░░░░░ levels of productivity that ░░░░░░░░ market the think say ░░░░░░░░ will deliver What s ░░░░░░░░ View on air right ░░░░░░░░ I mean we re ░░░░░░░░ really in the very ░░░░░░░░ stages of it a ░░░░░░░░ of the buying it ░░░░░░░░ part of speculation right ░░░░░░░░ we see this with ░░░░░░░░ with any big bang ░░░░░░░░ s this type of ░░░░░░░░ it s going to ░░░░░░░░ a lot more so ░░░░░░░░ must be a great ░░░░░░░░ in best air Obviously ░░░░░░░░ see map play out ░░░░░░░░ an appetite for the ░░░░░░░░ stocks We will We ░░░░░░░░ see where that goes ░░░░░░░░ here with added that ░░░░░░░░ I is going to ░░░░░░░░ some form of game ░░░░░░░░ I m actually pretty ░░░░░░░░ about what I call ░░░░░░░░ syn p up or ░░░░░░░░ three These companies had ░░░░░░░░ pretty Attractive valuations right ░░░░░░░░ all things considered and ░░░░░░░░ these companies have really ░░░░░░░░ to his took to ░░░░░░░░ implements or to really ░░░░░░░░ to really consume a ░░░░░░░░ had a meaningful way ░░░░░░░░ would or well in ░░░░░░░░ dry revenues potentially and ░░░░░░░░ cut costs so but ░░░░░░░░ that s a big ░░░░░░░░ to your point though ░░░░░░░░ valuation and and when ░░░░░░░░ talk about a I ░░░░░░░░ obviously are talking about ░░░░░░░░ and broad calm in ░░░░░░░░ of those chipmakers But ░░░░░░░░ Microsoft is Is it ░░░░░░░░ name that It comes ░░░░░░░░ but if you look ░░░░░░░░ Microsoft it s actually ░░░░░░░░ now than where I ░░░░░░░░ in February yeah Now ░░░░░░░░ that I mean part ░░░░░░░░ that is that software ░░░░░░░░ is getting pummeled in ░░░░░░░░ market And that s ░░░░░░░░ everybody s you know ░░░░░░░░ money at the at ░░░░░░░░ a hardware companies but ░░░░░░░░ seems like an eel ░░░░░░░░ Microsoft actually down over ░░░░░░░░ last three months that ░░░░░░░░ s a pretty strong ░░░░░░░░ Yeah it s it ░░░░░░░░ a top It s ░░░░░░░░ s It s a ░░░░░░░░ one because Microsoft dogs ░░░░░░░░ it s hands in ░░░░░░░░ lotta jars So to ░░░░░░░░ point there s that ░░░░░░░░ s a there s ░░░░░░░░ hype of a I ░░░░░░░░ s excitement of a ░░░░░░░░ but then there s ░░░░░░░░ been that know the ░░░░░░░░ waters that we seem ░░░░░░░░ out as as well ░░░░░░░░ with with software So ░░░░░░░░ don t really have ░░░░░░░░ strong opinion one way ░░░░░░░░ the other other than ░░░░░░░░ really comes down at ░░░░░░░░ end of the day ░░░░░░░░ happens with jobs What ░░░░░░░░ with continue consumption or ░░░░░░░░ thereof moving forward and ░░░░░░░░ can get you know ░░░░░░░░ tells me on or ░░░░░░░░ tells it tells me ░░░░░░░░ the market is actually ░░░░░░░░ discerning here It s ░░░░░░░░ like what exactly is ░░░░░░░░ willy nilly to the ░░░░░░░░ And it and that ░░░░░░░░ die That might actually ░░░░░░░░ a positive Oh I ░░░░░░░░ it s staff we ░░░░░░░░ when you when you ░░░░░░░░ it in perspective I ░░░░░░░░ I think we ve ░░░░░░░░ a lot of and ░░░░░░░░ excessive buying some height ░░░░░░░░ and what we re ░░░░░░░░ now is a market ░░░░░░░░ s little bit more ░░░░░░░░ your point and little ░░░░░░░░ more discerning little bit ░░░░░░░░ patient to wait and ░░░░░░░░ kind of how things ░░░░░░░░ out and out for ░░░░░░░░ really put out put ░░░░░░░░ maybe a little bit ░░░░░░░░ pessimistic What do you ░░░░░░░░ when you look off ░░░░░░░░ foreign markets particularly in ░░░░░░░░ Are there opportunities Are ░░░░░░░░ that maybe our little ░░░░░░░░ There are there are ░░░░░░░░ we encourage our clients ░░░░░░░░ could be measured We ░░░░░░░░ think international has a ░░░░░░░░ an almost every portfolio ░░░░░░░░ from a diversification sandpoint ░░░░░░░░ hedge on the U ░░░░░░░░ dollar but we do ░░░░░░░░ a measured stance with ░░░░░░░░ know That said with ░░░░░░░░ I d say the ░░░░░░░░ areas I like the ░░░░░░░░ would be Japan and ░░░░░░░░ I ll start with ░░░░░░░░ India s had is ░░░░░░░░ off an incredible year ░░░░░░░░ it may be it ░░░░░░░░ be a bit topic ░░░░░░░░ I do like India ░░░░░░░░ the long term I ░░░░░░░░ that on just the ░░░░░░░░ look good and I ░░░░░░░░ that there s continued ░░░░░░░░ investment there there s ░░░░░░░░ growing continue growing appetite ░░░░░░░░ labour in the offshore ░░░░░░░░ So I think in ░░░░░░░░ a good long term ░░░░░░░░ maybe look at buying ░░░░░░░░ on some dips it ░░░░░░░░ and and as far ░░░░░░░░ Japan is concerned gosh ░░░░░░░░ t it so nice ░░░░░░░░ Japan finally got out ░░░░░░░░ this deflation right and ░░░░░░░░ now we ve got ░░░░░░░░ these and we got ░░░░░░░░ that are undervalued We ░░░░░░░░ got a pretty decent ░░░░░░░░ back drop in general ░░░░░░░░ ve got an investor ░░░░░░░░ government and I think ░░░░░░░░ s a lot of ░░░░░░░░ in Japan moving forward ░░░░░░░░ we often hear about ░░░░░░░░ governance getting a lot ░░░░░░░░ and the fact that ░░░░░░░░ the past the owners ░░░░░░░░ sat on the money ░░░░░░░░ Japan and now they ░░░░░░░░ raising a dividends raising ░░░░░░░░ that money is kind ░░░░░░░░ getting recirculated back into ░░░░░░░░ economy was is a ░░░░░░░░ thing so see if ░░░░░░░░ continues Jason Thank you ░░░░░░░░ much for joining us ░░░░░░░░ Shin bets residents of ░░░░░░░░ wealth advisers in private ░░░░░░░░ adviser Brett Americans Even ░░░░░░░░ past the or more ░░░░░░░░