WEBVTT - Single Best Idea with Tom Keene: Cam Dawson & Liz Ann Sonders

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>A single best idea in a set of great conversations.

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<v Speaker 2>We've just been on a roll of the last number

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<v Speaker 2>of days of back to back to back conversations, and

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<v Speaker 2>you know, some real differing opinions on the war, on

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<v Speaker 2>what oil is going to do, and of course on

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<v Speaker 2>this market with its own characteristics. Every guest comes in

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<v Speaker 2>with a certain take. Cameron Dawson came in today with

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<v Speaker 2>New Edge Wealth and she was absolutely heated. There's no rotation.

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<v Speaker 2>Let's listen.

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<v Speaker 1>We've been saying that the broadening out is a myth.

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<v Speaker 1>Look at the equal weight s and P five hundred.

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<v Speaker 1>It is at a new year to date relative low

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<v Speaker 1>versus the cap weighted index. And that is all because

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<v Speaker 1>you're in this environment where you have a very narrow

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<v Speaker 1>contribution to that earnings upside. So as much as people

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<v Speaker 1>want the broadening out to happen, what you can see

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<v Speaker 1>is that it's simply not being supported by the fundamentals

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<v Speaker 1>and thus it's not being able to be sustained in

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<v Speaker 1>the price action.

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<v Speaker 2>Cameron Dawson there with New Edge Wealth on the market.

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<v Speaker 2>She's participating in this bull market. I didn't hear her

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<v Speaker 2>screaming bye bye bye. But nevertheless, there I do want

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<v Speaker 2>to emphasize there was one I don't have the name

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<v Speaker 2>in front of me. I'm so sorry, but a major

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<v Speaker 2>strategist who I respect said, look, they're not predicting S

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<v Speaker 2>and P nine thousand, but they're saying a fan distribution

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<v Speaker 2>of opportunities gets you in that vicinity if everything works out.

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<v Speaker 2>I've never heard that. I've never read that SMP nine thousand.

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<v Speaker 2>I interpolated that over to the Dow Jones Industrial averager.

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<v Speaker 2>You're ready now, sixty thousand would be an equivalent SPX

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<v Speaker 2>nine thousand. Again, I'm not predicting that, but it's one

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<v Speaker 2>of the things in the zeitgeist of this strange mayenty

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<v Speaker 2>twenty six, liz Anne Sanders that Charles Schwab has seen

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<v Speaker 2>strange maize. Let me give you one story of her May.

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<v Speaker 2>This is the class act that liz Anne Sanders is.

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<v Speaker 2>She's out doing some college, you know, recruitment thing or

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<v Speaker 2>high I'm Lyzianne Sanders, smile, smile and all that. And

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<v Speaker 2>there's adweeby kid from Pepperdine in the line who knows

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<v Speaker 2>a lot about the stock market. And that's how you

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<v Speaker 2>get hired at Charles Swab. Kevin Gordon has been a

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<v Speaker 2>fabulous success for Charles Schwab, bringing maximum brain power and

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<v Speaker 2>chart ability to help liz Ane Sanders move forward. Here

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<v Speaker 2>is liz Ane Sanders of Charles Schwab.

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<v Speaker 3>Unfortunately, the younger generation Kevin's generation. In a report that

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<v Speaker 3>we wrote a few weeks ago, Harris Pole Study, we

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<v Speaker 3>highlighted that Kevin's generation, the response was eighty percent that

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<v Speaker 3>we are considering more speculative actions, more speculative bet because

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<v Speaker 3>we don't have faith in the system, because we feel

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<v Speaker 3>financially behind my generation. The baby boomers still a high

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<v Speaker 3>percentage that responded that way, but it's only fifty verses

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<v Speaker 3>about eighty and it gradually has increased as you go

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<v Speaker 3>down the age spectrum. Most young people, some of them

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<v Speaker 3>don't really even know what Social Security is. They just

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<v Speaker 3>make broader assumptions that the systems in place that benefited

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<v Speaker 3>their parents' generation are not going to be there.

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<v Speaker 2>Lzayne Saundres, they are just absolutely brilliant with Charles Schwab

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<v Speaker 2>on podcasts, we're at Apple where it's Spotify. On YouTube podcasts,

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<v Speaker 2>it's single best idea