RUSH TRANSCRIPT Minorities Chief ░░░░░░░░ officer with create more ░░░░░░░░ adviser is joining us ░░░░░░░░ Now on the show ░░░░░░░░ Good to have you ░░░░░░░░ that s an open ░░░░░░░░ business here in Singapore ░░░░░░░░ see any nine three ░░░░░░░░ so those care side ░░░░░░░░ just come through this ░░░░░░░░ at least for us ░░░░░░░░ confirming to arabs on ░░░░░░░░ Mexico going ahead plus ░░░░░░░░ percent on Chinese imports ░░░░░░░░ well So little room ░░░░░░░░ for uncertainty That s ░░░░░░░░ much a go ahead ░░░░░░░░ so how likely will ░░░░░░░░ see market start to ░░░░░░░░ you think of it ░░░░░░░░ as a boom The ░░░░░░░░ of the games so ░░░░░░░░ from birth part of ░░░░░░░░ Be wary of this ░░░░░░░░ However the sports presenter ░░░░░░░░ of you and reiterate ░░░░░░░░ are you than the ░░░░░░░░ of terror of every ░░░░░░░░ of motion really has ░░░░░░░░ some form of of ░░░░░░░░ off the her up ░░░░░░░░ then we saw it ░░░░░░░░ take all day and ░░░░░░░░ of trailing Where start ░░░░░░░░ the day a positive ░░░░░░░░ than the we are ░░░░░░░░ of both most come ░░░░░░░░ of forest share of ░░░░░░░░ through both with Canada ░░░░░░░░ Mexico 20 five percent ░░░░░░░░ once that is that ░░░░░░░░ there does give you ░░░░░░░░ opportunity to procure mobile ░░░░░░░░ we ll have a ░░░░░░░░ plays out of time ░░░░░░░░ we need to recognize ░░░░░░░░ re red market cycle ░░░░░░░░ your war on the ░░░░░░░░ a little bit where ░░░░░░░░ 20 seventh month of ░░░░░░░░ act war both recent ░░░░░░░░ in the market we ░░░░░░░░ seeing stars very highly ░░░░░░░░ than so any type ░░░░░░░░ news of a negative ░░░░░░░░ or something from a ░░░░░░░░ of announcement will definitely ░░░░░░░░ a negative sentiment as ░░░░░░░░ as in the market ░░░░░░░░ we do some some ░░░░░░░░ coming Yes we have ░░░░░░░░ ve heard approaching six ░░░░░░░░ a year That could ░░░░░░░░ an opportunity to take ░░░░░░░░ little bit of profit ░░░░░░░░ the table Trump also ░░░░░░░░ tariffs on crop purchases ░░░░░░░░ the back of a ░░░░░░░░ forty nine billion dollar ░░░░░░░░ trade deficit What s ░░░░░░░░ possibility of these move ░░░░░░░░ with Food inflation in ░░░░░░░░ U s You re ░░░░░░░░ the U s has ░░░░░░░░ a critical point and ░░░░░░░░ see it really affecting ░░░░░░░░ all across socio economic ░░░░░░░░ especially at the middle ░░░░░░░░ and also at the ░░░░░░░░ middle class and the ░░░░░░░░ levels is provided a ░░░░░░░░ opportunity to buy relieve ░░░░░░░░ we know short for ░░░░░░░░ we have become bro ░░░░░░░░ administration make some changes ░░░░░░░░ we re saying there ░░░░░░░░ some structural elements though ░░░░░░░░ we can look in ░░░░░░░░ same What is causing ░░░░░░░░ higher We did see ░░░░░░░░ increase little harder than ░░░░░░░░ wage with creative cause ░░░░░░░░ take put who plays ░░░░░░░░ last two years the ░░░░░░░░ States that those ever ░░░░░░░░ pressure on inflation as ░░░░░░░░ food prices across the ░░░░░░░░ was laid Out though ░░░░░░░░ have a strong impact ░░░░░░░░ decrease in the big ░░░░░░░░ and cost across the ░░░░░░░░ as far as and ░░░░░░░░ which will be welcome ░░░░░░░░ up for everybody Another ░░░░░░░░ data point that is ░░░░░░░░ attention is manufacturing activity ░░░░░░░░ it s reaching stagnation ░░░░░░░░ that at least that ░░░░░░░░ what the data is ░░░░░░░░ us and this comes ░░░░░░░░ top of other disappointing ░░░░░░░░ results were talking about ░░░░░░░░ consumer spending on the ░░░░░░░░ side higher jobless claims ░░░░░░░░ well and you pointed ░░░░░░░░ some employment figures there ░░░░░░░░ well the vic s ░░░░░░░░ is that gauge of ░░░░░░░░ in them It s ░░░░░░░░ shut up Invest exposure ░░░░░░░░ didn t decline at ░░░░░░░░ same time So are ░░░░░░░░ necessarily seeing a big ░░░░░░░░ from all of this ░░░░░░░░ data on investors considering ░░░░░░░░ much less exposed they ░░░░░░░░ today We re we ░░░░░░░░ saying consumer confidence is ░░░░░░░░ for three months in ░░░░░░░░ row with lawyer combination ░░░░░░░░ a lot of factors ░░░░░░░░ people all the same ░░░░░░░░ You didn t measure ░░░░░░░░ manufacturing index rose thing ░░░░░░░░ re not just the ░░░░░░░░ companies through the heartbeat ░░░░░░░░ the U s economy ░░░░░░░░ small businesses across the ░░░░░░░░ especially in the mid ░░░░░░░░ We are seeing decreases ░░░░░░░░ far as in the ░░░░░░░░ in the this Small ░░░░░░░░ spaces Across the border ░░░░░░░░ you all economic indicators ░░░░░░░░ are seeing pressure coming ░░░░░░░░ and that really speaks ░░░░░░░░ ll rather economic cycle ░░░░░░░░ that plays out with ░░░░░░░░ similar being lower with ░░░░░░░░ give opportunity for a ░░░░░░░░ bit lower as far ░░░░░░░░ moving as far as ░░░░░░░░ the U s that ░░░░░░░░ so then is the ░░░░░░░░ driven only by of ░░░░░░░░ of the unknown I ░░░░░░░░ I m I m ░░░░░░░░ a bit as this ░░░░░░░░ here and philosophical Maybe ░░░░░░░░ trying to understand what ░░░░░░░░ going on here Yeah ░░░░░░░░ that question of the ░░░░░░░░ you phrased it because ░░░░░░░░ the end of the ░░░░░░░░ the stock market really ░░░░░░░░ row values The highest ░░░░░░░░ is the known What ░░░░░░░░ really has struggled with ░░░░░░░░ the unknown so a ░░░░░░░░ way to see us ░░░░░░░░ hours when are we ░░░░░░░░ not know what the ░░░░░░░░ of terrorists we re ░░░░░░░░ be So whenever there ░░░░░░░░ speculation now but it ░░░░░░░░ come out there cause ░░░░░░░░ whipsawed a happen whenever ░░░░░░░░ see things becoming more ░░░░░░░░ more know and it ░░░░░░░░ greater stability overall the ░░░░░░░░ at the end of ░░░░░░░░ day what really drives ░░░░░░░░ of stocks for equities ░░░░░░░░ or lower is truly ░░░░░░░░ The earnings of companies ░░░░░░░░ the near editor me ░░░░░░░░ term future and so ░░░░░░░░ the news of the ░░░░░░░░ goes from direction that ░░░░░░░░ in the future will ░░░░░░░░ lower they we re ░░░░░░░░ to expect to see ░░░░░░░░ stock market decrease in ░░░░░░░░ of earnings are expected ░░░░░░░░ increase in the short ░░░░░░░░ In the intermediate term ░░░░░░░░ shall see prices start ░░░░░░░░ go higher and right ░░░░░░░░ we are seeing a ░░░░░░░░ across the board Some ░░░░░░░░ the major players that ░░░░░░░░ the Barack at the ░░░░░░░░ two years we should ░░░░░░░░ companies the technology artificial ░░░░░░░░ based the main of ░░░░░░░░ seven if you well ░░░░░░░░ sourcing earning starting to ░░░░░░░░ down there across the ░░░░░░░░ which is causing undue ░░░░░░░░ on the us and ░░░░░░░░ bipolar keep in mind ░░░░░░░░ 30 Five percent of ░░░░░░░░ recipe by a pattern ░░░░░░░░ comprised the valuations and ░░░░░░░░ holdings Those so it ░░░░░░░░ or down about six ░░░░░░░░ here today So as ░░░░░░░░ see their earnings become ░░░░░░░░ and pressure will that ░░░░░░░░ this sub basu star ░░░░░░░░ continued with lower so ░░░░░░░░ that and John can ░░░░░░░░ stay at The current ░░░░░░░░ is a rebound on ░░░░░░░░ cats What we are ░░░░░░░░ or sucrose or staying ░░░░░░░░ arrange a similar range ░░░░░░░░ we see in this ░░░░░░░░ year liberal January we ░░░░░░░░ see the stock market ░░░░░░░░ a nice month of ░░░░░░░░ There was actually up ░░░░░░░░ point Three three percent ░░░░░░░░ mother February was down ░░░░░░░░ point One percent today ░░░░░░░░ down one point seven ░░░░░░░░ percent and so whenever ░░░░░░░░ look at the overall ░░░░░░░░ we see a stake ░░░░░░░░ This is really a ░░░░░░░░ six hundred up to ░░░░░░░░ six thousand one hundred ░░░░░░░░ so we have greater ░░░░░░░░ on what happens overall ░░░░░░░░ the economy would have ░░░░░░░░ wars with terrorists and ░░░░░░░░ happens with the are ░░░░░░░░ the austerity measures are ░░░░░░░░ to play out what ░░░░░░░░ federal government will cut ░░░░░░░░ across the board So ░░░░░░░░ is credit where we ░░░░░░░░ ourselves being insane ruler ░░░░░░░░ market having trouble rising ░░░░░░░░ that six thousand level ░░░░░░░░ the us and be ░░░░░░░░ hundred a greater clarity ░░░░░░░░ of start over on ░░░░░░░░ economy Okay John speaking ░░░░░░░░ how lightly will we ░░░░░░░░ investors start to rotate ░░░░░░░░ of growth stocks and ░░░░░░░░ value ones in markets ░░░░░░░░ those outside of the ░░░░░░░░ s because we already ░░░░░░░░ what s happening in ░░░░░░░░ U s What about ░░░░░░░░ at the international markets ░░░░░░░░ for the go what ░░░░░░░░ of earth absorbs all ░░░░░░░░ ambassador of all the ░░░░░░░░ and so on and ░░░░░░░░ a true best or ░░░░░░░░ looks for Where can ░░░░░░░░ have the highest level ░░░░░░░░ with the lowest level ░░░░░░░░ risk It s all ░░░░░░░░ now we re seeing ░░░░░░░░ valuations outside of the ░░░░░░░░ States and so we ░░░░░░░░ years and be five ░░░░░░░░ so far year to ░░░░░░░░ is now in negative ░░░░░░░░ After days returns with ░░░░░░░░ the I world index ░░░░░░░░ actually a positive return ░░░░░░░░ far year today we ░░░░░░░░ looking emerging markets are ░░░░░░░░ has tremendous opportunities As ░░░░░░░░ as a value position ░░░░░░░░ eyes of about three ░░░░░░░░ four nine percent year ░░░░░░░░ and we re celia ░░░░░░░░ emerging markets also a ░░░░░░░░ way to return So ░░░░░░░░ the end of the ░░░░░░░░ investors will start to ░░░░░░░░ where they have had ░░░░░░░░ highest level of risk ░░░░░░░░ just the rate of ░░░░░░░░ So we see opportunities ░░░░░░░░ the U s in ░░░░░░░░ value oriented sectors as ░░░░░░░░ started to see who ░░░░░░░░ new winners and losers ░░░░░░░░ with this current administration ░░░░░░░░ across the border also ░░░░░░░░ to see greater valuations ░░░░░░░░ in the emerging markets ░░░░░░░░ also in the developed ░░░░░░░░ outside of the United ░░░░░░░░ It s a tremendous ░░░░░░░░ will be a broad ░░░░░░░░ index or weather Be ░░░░░░░░ specific and just a ░░░░░░░░ I step out of ░░░░░░░░ u s for just ░░░░░░░░ little bit year John ░░░░░░░░ I could let you ░░░░░░░░ me defense stocks in ░░░░░░░░ the surging now obviously ░░░░░░░░ the back of the ░░░░░░░░ concerning the war in ░░░░░░░░ we know what s ░░░░░░░░ between Donald Trump and ░░░░░░░░ maisie lynskey on that ░░░░░░░░ How promising to you ░░░░░░░░ the defense sector in ░░░░░░░░ in terms of how ░░░░░░░░ they can go with ░░░░░░░░ climb There are investors ░░░░░░░░ in for a longer ░░░░░░░░ Then we would expect ░░░░░░░░ knee jerk reaction to ░░░░░░░░ Phenomenal phenomenal insights there ░░░░░░░░ what we see as ░░░░░░░░ There s wars and ░░░░░░░░ of wars was instability ░░░░░░░░ a geopolitical standpoint We ░░░░░░░░ look to see rotation ░░░░░░░░ the defensive stocks It ░░░░░░░░ today s a great ░░░░░░░░ of the regional stock ░░░░░░░░ six hundred we had ░░░░░░░░ interesting movements However the ░░░░░░░░ or air space and ░░░░░░░░ index rose by eight ░░░░░░░░ is best saturated five ░░░░░░░░ We look for that ░░░░░░░░ actually continue to continue ░░░░░░░░ trend to continue here ░░░░░░░░ the near term and ░░░░░░░░ intermediate term with some ░░░░░░░░ opportunities Whenever you think ░░░░░░░░ it we see in ░░░░░░░░ hints a closed 20 ░░░░░░░░ percent higher We see ░░░░░░░░ over Italy We also ░░░░░░░░ the salt aviation all ░░░░░░░░ huge gains On top ░░░░░░░░ that we even see ░░░░░░░░ of the some of ░░░░░░░░ automotive companies in over ░░░░░░░░ all of Europe Have ░░░░░░░░ tremendous opportunities moving forward ░░░░░░░░ with current environment and ░░░░░░░░ kind of environment is ░░░░░░░░ thing is a flavor ░░░░░░░░ the day really as ░░░░░░░░ that continues to be ░░░░░░░░ issue Ooh the t ░░░░░░░░ politically at least John ░░░░░░░░ believe it yeah but ░░░░░░░░ very much for your ░░░░░░░░ navy been really valuable ░░░░░░░░ to have you back ░░░░░░░░ the show more to ░░░░░░░░ That s young greek ░░░░░░░░ he s a chief ░░░░░░░░ officer creek my wealth ░░░░░░░░