3.44%, THE HIGHEST POSSIBLE IN 3 MONTHS, THE YIELD ON THE 2-YEAR TREASURY IS THE GREATEST IN 14 YEARS. MIKE LEE WITH ME TO WATCH THE MARKET FOR United States. INFLATION WARMER THAN EXPECTED, 8.3%. DOES THAT ALTER YOUR STOCK EXCHANGE OVERVIEW FOR THE REMAINDER OF THE YEAR? >> > > NOT SO MUCH. IT IS EVEN MORE NEXT YEAR. 0.6% MONTH OVER MONTH, IS SHOCKING, TERRIFYING, IF YOU LOOK AT THE FACTORS TO THIS, HOW DO YOU REPAIR? AT THE START, IT WAS USED CARS AS WELL AS HOTELS, THAT APPEARS TO HAVE WENT AWAY BUT HOW DO YOU CREATE MORE LEASING UNITS, HOW DO YOU QUIT THIS TIDE OF RENTS BOOSTING, THE INDIVIDUALS AT THE BASE ARE GETTING SQUEEZED BY HIGHER FOOD COSTS AS WELL AS RENT. I BELIEVE WE ARE GETTING IN A RECESSION UNLIKE ANY OTHER WHERE ALL-TIME LOW HALF IS DEVASTATED AS WELL AS THOSE IN THE UPPER QUARTER TO UPPER 10% WILL CERTAINLY SPEND LESS, NOT DO AS WELL BUT VIRTUALLY TO CLIMATE THE STORM.THE SPACE BETWEEN
RICH AND ALSO POOR WILL OBTAIN WIDER AND WIDER. STUART: NO DOUBT An ECONOMIC CRISIS IS COMING. >> > > I WOULD SAY WE REMAIN IN A RECESSION. WE HAD TWO QUARTERS OF DECLINING GDP. HOW DEEP DOES IT OBTAIN? THE LENGTH OF TIME DOES IT LAST? WHAT OCCURS TODAY IS THE FED MOTION IS FURTHER IN THE FUTURE. THOSE A MONTH OR TWO AGO WERE ANTICIPATING AT EVENTUALLY FIRST OR SECOND 1:45,023, FORTUNATELY FOR SUPPLY INVESTORS IS MANY BIG INSTITUTIONAL FINANCIERS WERE VALUED IN, EXPECTING THIS AND ALSO ALREADY BEARISH. I DON'' T SEE THE BASE FALLING OUT OF OF THE MARKETPLACE. WE RETURNED TO THE USUAL QUESTION I ASKED YOU BEFORE. A MINUTE SIMILAR TO THIS WHAT IS INCORRECT WITH THE PURCHASING A 2-YEAR TREASURY WHICH YIELDS ME 3.73%. IF I HOLD IT TO MATURITY, WHAT IS INCORRECT WITH THAT? >> > > ABSOLUTELY NOTHING INCORRECT KEEPING THAT. IN A MONTH OR MORE, POSSIBLY 4%. YOU COULD BE REINVESTING THOSE INTEREST PAYMENTS AT HIGHER COUPON SO AS A CASH MONEY CHOICE, IT IS A GOOD IDEA TO BE AVAILABLE PURCHASING TEMPORARY TREASURIES. STUART: I WOULDN'' T BE OPTIMIZING MY EARNINGS BUT MAXIMIZING MY CAPACITY LOSS.A VERY DEFENSIVE POSITION. >> > > THAT IS WHAT THE FED WANTS. DANGER OFF CASH OUT OF THE SYSTEM TO SLOW THE ECONOMIC SITUATION DOWN SO INFLATION SLOWS WITH IT. STUART: WOULD YOU LIKE TO MAKE A FORECAST CONCERNING WHERE IS ALL-TIME LOW FOR THE S&P 500? WAS IT RIGHT AT 4,000 CURRENTLY? >> > > I WILL CERTAINLY BE INTERESTED TO GET ROUGHLY 3900. I DO NOT THINK WE RETURN TO LEVELS WE WERE IN MID JUNE. AS SOON AS WE RALLY 17% OFF THE LOW WE DON'' T GO BACK AND ALSO RETEST THAT AND ALSO NEVER LOOK BACK.I THINK WE WILL CERTAINLY BE
IN THIS CHOPPY TRADING ARRAY MUCH LONGER THAN EXPECTED BUT I DON ' T SEE ALL-TIME LOW FALLING OUR THE MARKET TAKING OFF. STUART: CHALLENGING FOR YOU GUYS AS INVESTMENT ADVISORS. A HARD MARKET. > > I UTILIZE A SYSTEM >> THAT WORKED REALLY WELL. AT STAPLES AND ALSO UTILITIES IT IS OUTPERFORMING THE S&P, I HAVE An EXCELLENT SYSTEM IN POSITION, IT IS A FORTUNATE INDEX.
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