RUSH TRANSCRIPT Posted Taylor ░░░░░░░░ story Alexis McAdams thank ░░░░░░░░ Meanwhile one of the ░░░░░░░░ fights on Wall Street ░░░░░░░░ be coming to an ░░░░░░░░ Investors are betting the ░░░░░░░░ Administration will loosen the ░░░░░░░░ s grip over mortgage ░░░░░░░░ freddie mac and fannie ░░░░░░░░ Both play a essential ░░░░░░░░ in the U S ░░░░░░░░ market by purchasing mortgages ░░░░░░░░ lenders and repackaging them ░░░░░░░░ of today s countdown ░░░░░░░░ has a way to ░░░░░░░░ them Joining us now ░░░░░░░░ broker senior economist Jose ░░░░░░░░ and chief investment office ░░░░░░░░ Pagliara Talk to me ░░░░░░░░ how we can cash ░░░░░░░░ on fannie and freddie ░░░░░░░░ believe the safest way ░░░░░░░░ play this is through ░░░░░░░░ preferred stock of fannie ░░░░░░░░ and freddie mac For ░░░░░░░░ fnmat they have par ░░░░░░░░ of 25 a share ░░░░░░░░ exiting conservatorship they should ░░░░░░░░ paying dividends again and ░░░░░░░░ s a great upside ░░░░░░░░ from here The government ░░░░░░░░ to monetize close to ░░░░░░░░ billion that could be ░░░░░░░░ for a variety of ░░░░░░░░ to improve the log ░░░░░░░░ and housing and improve ░░░░░░░░ amount of housing that ░░░░░░░░ available especially in the ░░░░░░░░ which is critically short ░░░░░░░░ now Taylor jose sort ░░░░░░░░ broaden out this with ░░░░░░░░ When we think about ░░░░░░░░ intersection of the economy ░░░░░░░░ markets and policy in ░░░░░░░░ new government How should ░░░░░░░░ be thinking about Santa ░░░░░░░░ rally markets next year ░░░░░░░░ all of the tailwinds ░░░░░░░░ a new administration at ░░░░░░░░ forefront Well good afternoon ░░░░░░░░ great to be here ░░░░░░░░ the one side you ░░░░░░░░ lower taxation a lighter ░░░░░░░░ regime and an onshoring ░░░░░░░░ push that will help ░░░░░░░░ lot of the value ░░░░░░░░ cap dow Jones kind ░░░░░░░░ stocks but then on ░░░░░░░░ other hand you have ░░░░░░░░ that are extended significantly ░░░░░░░░ and you do have ░░░░░░░░ threat of higher yields ░░░░░░░░ the backdrop of a ░░░░░░░░ friendly fed Last week ░░░░░░░░ a shocker Taylor yes ░░░░░░░░ expected Chair Powell to ░░░░░░░░ more of the same ░░░░░░░░ on the progress disinflation ░░░░░░░░ that Instead he was ░░░░░░░░ more communicative on this ░░░░░░░░ of cloudiness and uncertainty ░░░░░░░░ worried that perhaps next ░░░░░░░░ we could have goods ░░░░░░░░ begin to reinflate Taylor ░░░░░░░░ stay invested in the ░░░░░░░░ run or headwinds make ░░░░░░░░ move out a little ░░░░░░░░ in the short term ░░░░░░░░ think rotating around going ░░░░░░░░ into value away from ░░░░░░░░ cap tech which has ░░░░░░░░ so much and isn ░░░░░░░░ as levered to those ░░░░░░░░ oriented policies I think ░░░░░░░░ value areas are going ░░░░░░░░ start to catch up ░░░░░░░░ Tim we only have ░░░░░░░░ seconds give me your ░░░░░░░░ on lumen technologies It ░░░░░░░░ an a I play ░░░░░░░░ s a lot of ░░░░░░░░ between data centers that ░░░░░░░░ to be built out ░░░░░░░░ entered agreements with Microsoft ░░░░░░░░ It s a great ░░░░░░░░ valued