Might see some of the popular trades start to unwind as people take profits: Morgan Stanley's Toomey
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- Опубліковано 27 лют 2024
- Chris Toomey, Morgan Stanley Private Wealth advisor, joins 'Closing Bell' to discuss why Toomey isn't bullish today, the evidence Toomey needs to be more constructive on equities, and much more.
Finally!! Somebody in CNBC that make sense, I like Chris from Morgan Stanley
Scott: "The economy doesn't need rate cuts!"
Toomey: "$1 Trillion in corporate debt rolls over in the next 12 months..."
Scott: "Doesn't matter cuz we're getting rate cuts!"
This is not a contradiction. Scott is making the argument that rate cuts in the future will lower the cost of borrowing. This is no different from a home owner refinancing at a lower interest rate to lower his mortgage payment. In addition, you are assuming that all corporations don't have the cash to pay down their debts. This is not true. Some companies choose NOT to pay off all of its debts for strategic reasons. For example, Berkshire Hathaway has $125 billions in debt and $168 billion in cash. Why doesn't Warren Buffett just pay it off?
@@user-ll9qk2el4dyou're the useful idiot tbh
what are your top 5 stocks?
Looks like folks are beginning to ignore bad news though
I sold out a lot of positions last week in tech - will be back but now 60% cash and bonds
Agree with Toomey 100%!
Might, could, possible, potential, etc, the beauty of words😂
Didn’t Jerome Powell say that inflation was transitory?
I've taken profits already, how much profits do I need to take?
depends on if this is a long term hold for you. mostly you should take profit at 20-25 percent. or you can take out your initial investment if your profit matches that. that way you are investing with house money and you have taken out majority of the risk on your end
How do you make money with views like his?
They don’t. They consistently underperform passive S&P 500 ETF strategy
Remember this: when there’s greed on the street that’s when I go short
Bears just won’t change their narrative no matter what happens
They were bears when they should have been bulls, a year ago. But bears have to be right sometime, and this is the time they will be right.
Make sure you keep buying lil buddy
Bears will be bears. BOOOORRRRRRIIIIING
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Victoria Hamilton
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
You trade with Victoria Hamilton too? Wow that woman has been a blessing to me and my family.
What impresses me most about Victoria Hamilton is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share. I'm new at this, please how can I reach her?
SCARED MONEY, DONT DESERVE TO GIVE ADVICE
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
you are right but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial-Advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Platinum is at an all time low. $850 an ounce. PPLT
Give this poor guy a burger
1
Weak hands selling sgain lol
Funny to bring on a guest and discredit his view by the interviewer arguing with him. Wapner literally might as well be his own guest. Like it or not, let him make his case. Who needs a contrary opinion????... not CNBC!
The interviewer is speaking on behalf of the viewers who don’t share the same opinion as the guest. To have a debate that may change the minds of some people who share the “view” of the interviewer or even the guest if they fail to make a solid case.
highest ranked in the country, so you are saying, elite money is UNDER PERFORMING like CRAZY ! FIRE THIS GUY ON THE SPOT
How the heck is this guy still employeed? He is a joke
Chris "Big Tummy" Toomey responds with word salad on every question
Why does this guy say “right” so much?
So everyday, the sky is falling so do not invest. Who hires these losers?
People who make more in a year than your entire genetic line will in their lifetimes.
Bears are going to bear.
This cause a serious joker definitely been on the pipe before he joined the desk
Morgan Stanley mutual funds are garbage, at least the one's i have seen
This guys the worst. Stop it already. So arrogant without any reasons
I don’t pay 25% on my debt!! Where is this guy coming from? I have loans at 3, 3.5, 2.8 and 0%. So, there!
Permabulls in the comment section with their 200% gains on 4 figure accounts acting like they know better than this guy.
I can see why Wall Street would hate this guy, only thing I dont get is why are they so worried about their stocks going down, why dont they just play to the downside, or maybe they will but appear bullish still idk
This guy has been wrong for a while and now that he missed the upside has to defend his bad decisions. Another Morgan Stanley adviser, like Mike Wilson! Remember he just lost his job.
He didn't
He was kicked off the Global Investment Committee. I wonder why? Being wrong all 2023? Yea that’s it..
So. He's Chief US Equity Strategist.
And if you followed his investment advise this last year you missed big on the rally. He was calling for 3800 on the S&P. If you want to defend that, well there is not much else to say.
Ultra high worth people should be paying some taxes and contributing to paying down the public debt that they benefited from
Back in 1980, the top marginal income tax rate stood at 70 percent and the wealthiest one percent of earners’ share of income taxes was 19 percent. Over the following decades, their share of income taxes increased even as the top marginal tax rates were reduced. Since 1980, the income tax share of the bottom half of earners has fallen from 7 percent to 2.34 percent in 2021 (compared to 2.32 percent last year). The top 50% of income households now pay 97.66% of the taxes. The information is all out there for you to look at - instead of reading the headlines from the LA Times.
30-40 % isn’t high enough taxes ?
@@ronsilva7394 for those in the top 10%, they should pay at least 50% income tax. Top 1% more
@@tm_delta838you used two different data points to make separate arguments that don't go together. The tax rate and how much collected doesn't mean that the top are being taxed appropriately. Paying 50% of 100 is a lot different than paying 50% of 25. The tax revenue has dwindled as tax breaks, subsidies, and capital gains have increased for the top 50%. I know it takes real brain power to go beyond the surface level so if you're incapable of that maybe just sit this conversation out.
Morgan Stanley is a joke...these guys are delusional bears