Better Buying Opportunity: Large-Cap or Small-Cap Stocks?
Markets slid after top economic advisor to the Trump Administration, Gary Cohn, resigned. This added to the concerns Wall Street already had on rising rates and the President's steel and aluminum tariffs. Lamar Villere, Portfolio Manager of the Villere Balanced Fund, was with us to discuss the state of the markets.
Trade war not good for business, but it's really bad for multi-national corporations. Villere added that small caps will be more shielded from a trade war because they are less exposed to international macroeconomic variables.
The portfolio manager said rising interest rates are a bigger risk for markets than the steel and aluminum tariffs. The reason is because it is too hard to predict how other countries will respond, Villere adds.
Villere is on ETF bubble watch, which he says is a crowded space. He warns that "you don't want to be in a crowded trade." He adds that these ETFs are not as diverse as people think.
Conditions have been mostly nice for travelers flying ahead of and on Christmas Day, but some naughty disruptions plagued those flying with Southwest Airlines again this year.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Lionsgate announced its studio division is going to spin off in a merger with Screaming Eagle Acquisition Corp., which is a special purpose acquisition company.
