RUSH TRANSCRIPT Anthem looks ░░░░░░░░ look past all these ░░░░░░░░ We have done creek ░░░░░░░░ chief investment officer create ░░░░░░░░ wealth advisers John That ░░░░░░░░ for your time today ░░░░░░░░ looks like markets found ░░░░░░░░ relief in the those ░░░░░░░░ numbers have Are you ░░░░░░░░ relieved But we are ░░░░░░░░ sometimes recognize inflation numbers ░░░░░░░░ looking backward in time ░░░░░░░░ indicated that this trend ░░░░░░░░ inflation continuing to go ░░░░░░░░ there is continued and ░░░░░░░░ does provide a little ░░░░░░░░ strictly view as far ░░░░░░░░ the u s economy ░░░░░░░░ there s also provide ░░░░░░░░ little bit of both ░░░░░░░░ where the Federal Reserve ░░░░░░░░ have a little bit ░░░░░░░░ string of those bars ░░░░░░░░ interest rates of future ░░░░░░░░ 20 twenty five So ░░░░░░░░ is very positive side ░░░░░░░░ bars with inflation coming ░░░░░░░░ but still above by ░░░░░░░░ a bit the third ░░░░░░░░ range However there is ░░░░░░░░ relieve their yeah but ░░░░░░░░ could take some time ░░░░░░░░ it care let s ░░░░░░░░ feeding through inflation and ░░░░░░░░ the Fed expected to ░░░░░░░░ interest rates this year ░░░░░░░░ help support growth How ░░░░░░░░ the Fed respond you ░░░░░░░░ if inflation and does ░░░░░░░░ up been in a ░░░░░░░░ months That s a ░░░░░░░░ question that s the ░░░░░░░░ that we keep on ░░░░░░░░ the market really wrestling ░░░░░░░░ in the United States ░░░░░░░░ pair of actually take ░░░░░░░░ of this point we ░░░░░░░░ the real news is ░░░░░░░░ tactics in may that ░░░░░░░░ it a longer term ░░░░░░░░ forest tariff which we ░░░░░░░░ see President Trump use ░░░░░░░░ tactic in his first ░░░░░░░░ That does hold true ░░░░░░░░ that would put upward ░░░░░░░░ as far as or ░░░░░░░░ of goods across the ░░░░░░░░ especially and services that ░░░░░░░░ in for the most ░░░░░░░░ hit Countries if they ░░░░░░░░ holds true Wilson is ░░░░░░░░ could to your the ░░░░░░░░ Reserve or are they ░░░░░░░░ to be able to ░░░░░░░░ the economy slowing down ░░░░░░░░ also try to make ░░░░░░░░ that inflation stays at ░░░░░░░░ lower level There is ░░░░░░░░ concern Cuba by the ░░░░░░░░ market does like certainty ░░░░░░░░ that uncertainty with all ░░░░░░░░ rapid pace of executive ░░░░░░░░ and the terrorists that ░░░░░░░░ coming out That creates ░░░░░░░░ lot of uncertainty for ░░░░░░░░ to player both in ░░░░░░░░ economy but also with ░░░░░░░░ Yes despite that uncertainty ░░░░░░░░ s this idea out ░░░░░░░░ that short term pain ░░░░░░░░ pave the way for ░░░░░░░░ long term gain when ░░░░░░░░ comes to the U ░░░░░░░░ and especially when it ░░░░░░░░ to tax cuts for ░░░░░░░░ or are spending cuts ░░░░░░░░ the government Do you ░░░░░░░░ that that could be ░░░░░░░░ case Is that what ░░░░░░░░ are expecting Yeah recalibrate ░░░░░░░░ territory with the bus ░░░░░░░░ the pace is part ░░░░░░░░ the terrorists that were ░░░░░░░░ coming but also as ░░░░░░░░ as with the cuts ░░░░░░░░ re coming from the ░░░░░░░░ s government we know ░░░░░░░░ U s government is ░░░░░░░░ one of the largest ░░░░░░░░ at not the largest ░░░░░░░░ the economy as far ░░░░░░░░ GDP the United States ░░░░░░░░ the cats come There ░░░░░░░░ a doubling of your ░░░░░░░░ term pain However the ░░░░░░░░ is that may linked ░░░░░░░░ into more of an ░░░░░░░░ term pain and so ░░░░░░░░ do see some real ░░░░░░░░ on the horizon and ░░░░░░░░ also recognize that was ░░░░░░░░ markets do happen to ░░░░░░░░ as far as earnings ░░░░░░░░ companies so really the ░░░░░░░░ the details As far ░░░░░░░░ hospital cloud and time ░░░░░░░░ do see the reason ░░░░░░░░ stay cautious as far ░░░░░░░░ the investment dollars at ░░░░░░░░ make sure we re ░░░░░░░░ as far as of ░░░░░░░░ quality companies that are ░░░░░░░░ to do well regardless ░░░░░░░░ we see of terrorists ░░░░░░░░ inflation moving forward Full ░░░░░░░░ several guests and I ░░░░░░░░ have recommended looking outside ░░░░░░░░ you asked for opportunities ░░░░░░░░ for example To some ░░░░░░░░ China do you think ░░░░░░░░ of a case for ░░░░░░░░ as exceptionalism here You ░░░░░░░░ s so interesting right ░░░░░░░░ we see in the ░░░░░░░░ markets in the Asian ░░░░░░░░ both drastically outperform the ░░░░░░░░ States So far 20 ░░░░░░░░ five the euro as ░░░░░░░░ of the currency is ░░░░░░░░ a tear since the ░░░░░░░░ week in January and ░░░░░░░░ quick to picked up ░░░░░░░░ s pace as far ░░░░░░░░ the last week here ░░░░░░░░ far in March we ░░░░░░░░ tremendous opportunities across the ░░░░░░░░ in Europe as we ░░░░░░░░ better evaluations to behead ░░░░░░░░ also as far as ░░░░░░░░ in Asia particularly if ░░░░░░░░ see a peace treaty ░░░░░░░░ some type of a ░░░░░░░░ come in bars with ░░░░░░░░ and Ukraine provide opportunities ░░░░░░░░ possibly Russian or Ukrainian ░░░░░░░░ Rebuild that also we ░░░░░░░░ seeing a huge advances ░░░░░░░░ in defense spending a ░░░░░░░░ of strong names in ░░░░░░░░ European court or that ░░░░░░░░ extremely well over the ░░░░░░░░ three weeks We look ░░░░░░░░ those to continue on ░░░░░░░░ the first half of ░░░░░░░░ year And if I ░░░░░░░░ let s go jain ░░░░░░░░ are you doing with ░░░░░░░░ volatility wearing a putting ░░░░░░░░ right now Look the ░░░░░░░░ three months we have ░░░░░░░░ sitting in the largest ░░░░░░░░ that we we we ░░░░░░░░ had over the last ░░░░░░░░ and we see that ░░░░░░░░ on now That being ░░░░░░░░ we re seeing pharmaceuticals ░░░░░░░░ a tremendous opportunity Some ░░░░░░░░ names there that we ░░░░░░░░ deployed extra dollars to ░░░░░░░░ addition to have been ░░░░░░░░ into certain technology companies ░░░░░░░░ are really focus of ░░░░░░░░ defense industry later as ░░░░░░░░ example that adding into ░░░░░░░░ But we are putting ░░░░░░░░ amounts of capital to ░░░░░░░░ in Europe Also in ░░░░░░░░ Asia But we still ░░░░░░░░ we re a little ░░░░░░░░ ahead as far as ░░░░░░░░ to reengage and the ░░░░░░░░ sector over sing better ░░░░░░░░ of spite of the ░░░░░░░░ s Today with nvidia ░░░░░░░░ are staying as far ░░░░░░░░ price earnings multiples coming ░░░░░░░░ across the board with ░░░░░░░░ strong names there that ░░░░░░░░ have an opportunity to ░░░░░░░░ of much lower prices ░░░░░░░░ appreciate it Today trying ░░░░░░░░ take me that chief ░░░░░░░░ officer at mac laugh ░░░░░░░░ access