WEBVTT - Single Best Idea with Tom Keene: Chris Whalen & Joe Quinlan

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, the single.

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<v Speaker 2>Best idea for your snowy America. And we say be

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<v Speaker 2>careful this weekend and into next week. The cold. Next week,

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<v Speaker 2>I guess it's going to be even more extraordinary. Chris

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<v Speaker 2>Whalen came in from the cold, expert on real estate

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<v Speaker 2>at Whaleen Global Advisors. I had to start off with

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<v Speaker 2>this whole idea of taking money from your four to

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<v Speaker 2>ohoe K, you should buy a house. Let's listen.

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<v Speaker 3>They're trying to help affordability at a time when home

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<v Speaker 3>prices have gone up fifty percent since COVID. Think of

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<v Speaker 3>that as the cost of COVID yep. And so how

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<v Speaker 3>do you fix that? You let home prices go down.

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<v Speaker 3>But President Trump has already said that he doesn't want

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<v Speaker 3>to do that because that would hurt everybody out there

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<v Speaker 3>who's gotten a mortgage in the last three four years.

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<v Speaker 3>So there's a big conundrum here. Chris Whalen didn't mince words.

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<v Speaker 3>He doesn't think it's going to happen. We'll have to

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<v Speaker 3>see the President. I believe I saw just in the

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<v Speaker 3>last forty eight hours. It's just said, this is not

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<v Speaker 3>my idea. That sort of tells me, I wonder where

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<v Speaker 3>this is going.

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<v Speaker 2>We started strong this morning, Joe Quinlan with US with

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<v Speaker 2>Merrill and Bank of America Private Bank, Joe Quinland in

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<v Speaker 2>the flavor of investment in twenty twenty six.

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<v Speaker 3>We still like the US.

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<v Speaker 4>I think the US had an off year and it's

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<v Speaker 4>kind of like, you know, the Boston Celtics, one of

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<v Speaker 4>the greatest dynasties out there. They don't win every year.

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<v Speaker 4>But the OC economy is part of our core portfolio

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<v Speaker 4>holdings the equities, but we do like overseas where there's China,

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<v Speaker 4>tech banks in Europe, defense plays in Europe and South Korea, Japan.

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<v Speaker 4>So the breadth of opportunities for retail institution investors has

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<v Speaker 4>brought in. So it's just not about the MAC seven,

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<v Speaker 4>it's not about the US equities. It's broader and that's

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<v Speaker 4>a good thing.

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<v Speaker 2>Big Tech Week next week Joe Quinlan will be looking that.

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<v Speaker 2>I really want to mention the work of Julian Emmanuel

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<v Speaker 2>evercore Isi, who on a day basis recalibrates what we

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<v Speaker 2>know so far about the earning season, and this morning

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<v Speaker 2>he published a year on year equivalent of fourteen point

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<v Speaker 2>four percent up. That's a ginormous number.

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<v Speaker 3>To me.

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<v Speaker 2>The mystery and I don't have an opinion on this

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<v Speaker 2>is how long to so called double digit earnings growth continue.

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<v Speaker 2>It's a podcast, Single Best Idea on Spotify, on YouTube,

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<v Speaker 2>it is single best idea.