Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the single.
Speaker 2: Best idea for your snowy America. And we say be
Speaker 2: careful this weekend and into next week. The cold. Next week,
Speaker 2: I guess it's going to be even more extraordinary. Chris
Speaker 2: Whalen came in from the cold, expert on real estate
Speaker 2: at Whaleen Global Advisors. I had to start off with
Speaker 2: this whole idea of taking money from your four to
Speaker 2: ohoe K, you should buy a house. Let's listen.
Speaker 3: They're trying to help affordability at a time when home
Speaker 3: prices have gone up fifty percent since COVID. Think of
Speaker 3: that as the cost of COVID yep. And so how
Speaker 3: do you fix that? You let home prices go down.
Speaker 3: But President Trump has already said that he doesn't want
Speaker 3: to do that because that would hurt everybody out there
Speaker 3: who's gotten a mortgage in the last three four years.
Speaker 3: So there's a big conundrum here. Chris Whalen didn't mince words.
Speaker 3: He doesn't think it's going to happen. We'll have to
Speaker 3: see the President. I believe I saw just in the
Speaker 3: last forty eight hours. It's just said, this is not
Speaker 3: my idea. That sort of tells me, I wonder where
Speaker 3: this is going.
Speaker 2: We started strong this morning, Joe Quinlan with US with
Speaker 2: Merrill and Bank of America Private Bank, Joe Quinland in
Speaker 2: the flavor of investment in twenty twenty six.
Speaker 3: We still like the US.
Speaker 4: I think the US had an off year and it's
Speaker 4: kind of like, you know, the Boston Celtics, one of
Speaker 4: the greatest dynasties out there. They don't win every year.
Speaker 4: But the OC economy is part of our core portfolio
Speaker 4: holdings the equities, but we do like overseas where there's China,
Speaker 4: tech banks in Europe, defense plays in Europe and South Korea, Japan.
Speaker 4: So the breadth of opportunities for retail institution investors has
Speaker 4: brought in. So it's just not about the MAC seven,
Speaker 4: it's not about the US equities. It's broader and that's
Speaker 4: a good thing.
Speaker 2: Big Tech Week next week Joe Quinlan will be looking that.
Speaker 2: I really want to mention the work of Julian Emmanuel
Speaker 2: evercore Isi, who on a day basis recalibrates what we
Speaker 2: know so far about the earning season, and this morning
Speaker 2: he published a year on year equivalent of fourteen point
Speaker 2: four percent up. That's a ginormous number.
Speaker 3: To me.
Speaker 2: The mystery and I don't have an opinion on this
Speaker 2: is how long to so called double digit earnings growth continue.
Speaker 2: It's a podcast, Single Best Idea on Spotify, on YouTube,
Speaker 2: it is single best idea.