Listen: China, President Trump, Gary Goldberg discussed on Money Matters with Gary Goldberg
"This is Gary Goldberg on money matters. Welcome to the program. Well, the stock market continues to chug along it came out of the gates very strongly. We're up about eleven percent since January the first, and of course, part of the rally has been fuelled by a lot of investors increasing their bets that China and the United States are going to strike a deal pretty soon. Are you wondering whether or not that is going to happen? It certainly appears that way it also appears to me that President Trump is pushing very hard to strike this deal with China because the stock market he expects will be lifted if that happens and his reelection bid would be enhanced by a good stock market when you open your account, envelopes, the beginning of January and our reflected what happened in December. You got sick. You looked at those numbers and they were devastatingly low compared to the prior quarter. So the president is obviously very cognizant of the stock. And he is increasingly concerned that the lack of a trade agreement could knock down stock. So are we going to see another bump up in the market or has a negotiated peace with China been baked into the pie on last week's program? I gave you my opinion. If you missed it. I'm going to give it to you. Again, my opinion if there is trade relief with China. We're going to see a bump up in the market. It might be a very short one though. So what I think could happen is people will jump into the market if there is a trade negotiation announced, and then the professionals will grab prophets build up some cash and wait for another rally. I want you to envision what we think at Gary Goldberg financial services. The stock market will look like in twenty nineteen the keyword once again will be volatility. It will be like walking down the upstairs. Case picture the staircase heading up, and it will be like walking down the up staircase it will trend higher and last week. We had a wonderful guest on who said we could see a market go up his highest seventeen percent this year as measured by the SNP. So will we see seventeen percent while we've seen eleven percent? We think the market could head higher it gave back the prophets of last year. But there is a lot of optimism about our current economy. And yes, President Trump will do what he can to put on a good show with China to attempt to enhance the stock market performance. You have to make sure you are invested in the right categories. We at our firm have shied away from the emerging markets area. We don't think we need to expose our clients to it. But emerging markets have done, particularly well, this particular two month period, we've seen China rally. We've seen a lot of markets in rather treacherous areas. Do well. But the. Fact of the matter is do you really want to invest in areas that you don't understand we choose not to at our firm? Do we give up some opportunities? Yes. But we don't need the exile. I wanna comment a moment about exchange traded funds. ETF's have become very popular. We started using them at our firm before they became popular.."