There are very legitimate reasons for concerns. You could argue the market response has been very rational. At the same time, how much have things really changed? I would argue not much.

Brad McMillan

Categorized in : Business

Investors underappreciate the role of cash. People think you always need to have your money in the market, but having cash gives you the opportunity to buy when the market goes down and lets you sleep at night.

I expect we're going to see market confidence recover. by Brad McMillan

I expect we're going to see market confidence recover.

I think it's (the market's decline) a continued reaction to the trade policy situation, we see the United States announce certain unilateral actions, then we're starting to see some of the responses, and I think the markets are getting increasingly worried.

Data came well above expectations, that says the dollar strength is not hitting U.S. manufacturers and trade at least so far.

There was a knee-jerk reaction to the Trump Jr emails, but it's a not a problem today, so the reaction was overstated.

I think we are going to have a slow drift up, everybody is at the beach already and I don't expect a lot of action, in the absence of some kind of market-moving information.

We don't need them to get better -- although they are. We just ne... by Brad McMillan

We don't need them to get better -- although they are. We just need them to stop dropping.

The fear trade has about run its course, we're at the extreme. It... by Brad McMillan

The fear trade has about run its course, we're at the extreme. It simply can't get that much worse.

I think there's a recognition that maybe the world isn't ending after all. It makes sense to have a more cheerful outlook.

I think it should be a fairly calm day, the market reacted to JPMorgan's earnings, the better than expected Chinese data, and now at the end of the week, everyone's kind of settling back and thinking' ok we got through that, lets think about what happens next week,'.

What we've seen over the past couple of weeks is really just a re... by Brad McMillan

What we've seen over the past couple of weeks is really just a return to normal.

The central banks have been taking extraordinary policy actions in the last several years...and now we’re seeing that it hasn’t been as effective as everyone had been assuming, when you add in the fact that the European banking system is under serious threat right now, you could actually see a path to the kind of systemic crisis that we had in 2008.

As an industry, we are looking at a potentially very significant political disruption this year, and I think there's a risk factor that has to be compensated for, it wouldn't be an area I would overweight.

It's scary when you see the second largest economy on the planet seemingly melting down, there are very legitimate reasons for concerns.

Stocks are going to have to shift to a domestic economic performance focus …. We're going to see the market focused on what the U.S. economy is doing, rather than The Fed policy, i think we see a continued upward trend for the rest of the year.

The economy is now strong enough to take a slowdown and to contin... by Brad McMillan

The economy is now strong enough to take a slowdown and to continue to move forward strongly.