Premier Financial Advisors' Mark Martiak talks with Bobbi Rebell about the markets, and where he believes the best opportunities will be for investors this summer.
Allstate coming back from a three day weekend and locked his state is looking great the month of may 2016 to go down. A winner here with more mart mart yet he's senior wealth strategist at premier financial advisors first ally great to see you great to see you think yeah. You may still pretty that the today not so great what's going on news vacuum just not happening that's. I think coming off of a long holiday weekend there's news vacuum they're not a lot of catalyst in the market right now to drive it forward. We did have some good numbers some good data that came out in terms of personal income rising and spending. And that that was a positive. We know last week that. New home sales were up for the month of April so April look like a very good month old rail for the consumer here in the US. And we also did get some good consumer hammers today regarding consumer spending but that we got lower consumer confidence. How does that play into the Fed decision that everyone's waiting for Mitch you. Well the other question is how many times will the Fed raised the Fed Funds rate. For the during the remainder of the year there's a high likelihood that they will raise it in June or July. And my understanding my sense looking that there could be two or three. Quarter point raises between now and the end of the calendar year so. This spending greatly influenced what they're looking at but Friday's. Jobs number nonfarm payrolls number will will even. That more and more importantly influence their decision as we come to that gene FOMC meeting. And speaking of the big Friday's jobs number what are you expecting a what do you think Jack Eleanor and we'll be paying the most contentious Q in that number well. They obviously they're watching inflation. So their mandate is 2% so they've been wanting to keep inflation manageable but at the same time they realize that it's been trending higher. And today's numbers with spending and outlays show that that there is higher inflation ticking up. So I think anything north of 200000. Will be very favorable for the US economy. We are as I imagine it closing up the month of may looking like a good month winner revealed that a felon may go away given how could a month it's been for make you think we'll see. A lot of selling at the end of today a lot of moving away and and really quiet summer with. Well that that principle of investing Acela mangle what can apply at all this obvious. So the recipe up until mid day today has been up one and a half percent for the month. I believe that Sheen will also be a quiet month. Globally will be looking at breaks it. And what happens there will also be looking yet Greece there and extinguished discussions again with their creditors about that that that debt that they know so. I think that June will be a relatively quiet month. When earnings season comes around again in in July. After this next after this quarter current quarter that were. Then we'll see some catalyst. But right now that can the US consumer looks very healthy. And terms of spending. Wage growth is on the rise as well as with its so I think overall we're seeing this consumer. Spending increase. Right after a lag. Where the best opportunities for investors rain cats kind of positioned himself before that well on the equity side. I think you have to look at the sectors that are obviously that can grow their revenues organically. So that would include health care. Technology. Financials because of the rising interest rate environment we are now. I also like Biotech that's a sector. I think it even though it can be very volatile as the sector I think it's still very good sector because of the breakthroughs we have thank you so lots. Thank you for having everybody always a pleasure. I think you mark mark yet senior well strategist at premier wealth first allied I'm Bobbi -- this is Reuters.