WEBVTT - Single Best Idea with Tom Keene: Stuart Kaiser & John Sterling

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

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<v Speaker 2>Single Best Idea. What an interesting Monday. The headline started

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<v Speaker 2>coming out guessing five point thirty this morning, and you know,

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<v Speaker 2>the market was actually pretty constructive globally into the US morning,

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<v Speaker 2>and all of that reversed with the headlines. It was

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<v Speaker 2>absolutely nuts for ninety minutes to two hours as we

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<v Speaker 2>digested back and forth headlines and all, and even as

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<v Speaker 2>we tape single Best Idea, I'm sort of uncertain where

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<v Speaker 2>we end up Monday afternoon, or for that matter, in June.

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<v Speaker 2>A lot of uncertainty out there. You saw on the

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<v Speaker 2>tape today Stuart Kaiser Stop Buy from City Group. He

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<v Speaker 2>does not long term investment, with much more trading strategies

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<v Speaker 2>here on the short term. Stuart Kaiser of City I.

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<v Speaker 1>Think from our perspective, it's very much the question you've

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<v Speaker 1>been asking is who's buying and how are they buying?

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<v Speaker 1>And do we think that they are sort of done buying.

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<v Speaker 1>I think it is the interesting way of thinking of it,

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<v Speaker 1>because if you think of late January, institutional investors and retail,

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<v Speaker 1>we're so so bullish this market, so so long in

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<v Speaker 1>this market, we're not quite there yet. But I think

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<v Speaker 1>we're working our way back to those levels of bullishness,

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<v Speaker 1>and when that happens, I do think those are times

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<v Speaker 1>you need to be a little bit cautious because the

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<v Speaker 1>buying has been frenzied and it does feel like we're

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<v Speaker 1>kind of middle to late innings in it at this point.

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<v Speaker 1>In the US.

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<v Speaker 2>Stuart Kaiser and his long term, which is two three

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<v Speaker 2>four weeks maybe to get into June. He's with Trading Strategy.

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<v Speaker 2>It's City Group. Alexis christoffers and Paul Sweeney just said, Tom,

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<v Speaker 2>you have to do this. Our conversation with John Sterling

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<v Speaker 2>from two years ago. John Sterling has died at eighty seven.

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<v Speaker 2>He is the legend of the New York Yankees.

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<v Speaker 3>You know, Mel Staudenmayer, the pitching coach, used to go

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<v Speaker 3>to the mound when the guy was in this final

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<v Speaker 3>inning and Mel would say, empty the tank. My tank

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<v Speaker 3>is emptied. And all the wonderful things have said about me,

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<v Speaker 3>my goodness, that makes you feel so good. But as

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<v Speaker 3>far as I'm being as truple as I can, as

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<v Speaker 3>far as the passion or the energy or the stamina,

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<v Speaker 3>that's all inside of me. And I never thought I

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<v Speaker 3>was setting records by broadcasting a game after game empty.

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<v Speaker 3>It was just what I did for a living and

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<v Speaker 3>how I supported my family and also something I love doing.

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<v Speaker 3>So you know what a lucky person I am.

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<v Speaker 2>John Sterling did at eighty seven. We thank Paul Sweeny

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<v Speaker 2>and Alexis Christopherus for their thoughts there, and they are

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<v Speaker 2>dreaded New York Yankees. On a podcast. We're on Apple

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<v Speaker 2>and Spotify, on YouTube podcasts, it's single best idea