Jack and the Mayor, Aaron Reinglass, discuss stocks,bonds, inflation and the new all time highs in stocks.
Jack reviews the ways in which available capital is seeking higher returns in the equities, and it may become a bit of self-fulfilling prophesy on near term waves of investors finally coming into the market. It is both a forced financial event driven by the central banks’ low interest rate policy, yet also an acknowledgement that the economic data is getting better. As Alan Rohrbach of Rohr International adds, “Good news is good news.” That shows up in a lot of ways which Jack and Rohr discuss, yet with just a bit of caution coming from the commodity markets and Australian dollar.
Today, Jack talks about the Fed Chairman’s press conference from Friday and how the effects it has on asset allocation across the board.
Jack explores the fine points of ‘market psychology’ that are more important than usual with the equities at new all-time highs. Alan Rohrbach of Rohr International joins him with some interesting macro-technical perspective… especially on the key indications that can sharpen price level expectations in this ethereal new high ground.
On today’s show, Jack talks about Friday’s great employment numbers and Doctor Art Leffer’s surprising bullish comments. Also, why to stay long in May.
Today on the Larry Kudlow Show, Larry talks with Congressman Peter Roskam (R-IL). Also on the show is Robert Costa, political report for The National Review. Jack Bouroudjian, author of “Secrets of the Trading Pros” joins Larry. Monica Crowley, author of “What the (Bleep) Just Happened . . . Again? The Happy Warriors Guide to the Great American Comeback” joins the show. Another great guest is Karl Rove, author of “Courage and Consequence: My Life as Conservative in the Fight.” As always, the Money/Politics Panel with Jennifer Rubin, John McIntyre, and Steve Moore. All this and much more on The Larry Kudlow Show!
Aaron Reinglass, the Mayor of the Pits, comes by and discusses the current volatility.
Another spin around the world with Jack and Rohr. Jack begins by noting the now extreme anomaly of strong equities being matched by still strong government bonds. That takes them through discussions of Europe, the likely ECB rate cut on Thursday, China’s economic evolution, and right back to what it means for the Fed, the economy and the US markets.
For a brief video review of charts and other insights related to that click here.
Around the World in 30 Minutes. Jack begins with all the reasons the Boston bombers were misguided. Rohr International’s Alan Rohrbach joins him for a tour of how well US equities held in the wake of that, and the relative weakness of Europe with bond markets still signalling that there are underlying problems. That is confirmed to some degree by weakness in general commodities and Chinese economic performance. Yet Jack also notes just how wrong all the doom mongers have been, and that their extremism is a disservice to investors.