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[0:00] ..." Of the day on Wall Street and in the afterglow of the elections and nearly 500 point drop what's ahead force and chicken with Jefferies and company. Chief market strategist art Hogan aren't just recently this morning Bank of England with a big interest rate cut isn't going to have a positive effect."...
[2:42] ..." one of the positive side effects for Munis. That you can look at that's because -- extra -- but also because of the fact that you were received"...
[0:00]" Of the day on Wall Street and in the afterglow of the elections and nearly 500 point drop what's ahead force and chicken with Jefferies and company. Chief market strategist art Hogan aren't just recently this morning Bank of England with a big interest rate cut isn't going to have a positive effect."
[0:16]" I think it is a ticket we're going to look at the Central Bank moved to across the globe would have very close attention to that it's it's it's much needed the Packard was -- spelled -- 3% of where you're behind domestic and our execution tokens or fifty basis point. They were -- that the reaction refugees markets we are down less. That would help would be in the early trade so well received positive reaction -- registry -- certain -- that certainly puts pressure -- crude oil prices -- is certainly --"
[0:49]" What is going to. Happened what has to happen. In order for the economy -- to stabilize and for these. A catastrophic good drops in and then surprising and increases in the in the Dow and other indices end the first to get into more normal pattern of -- slower growth."
[1:05]" Well I think pierce -- to have -- to get to a more normal market here record -- and much less culturally we can't get to a point. We're worked out a clear picture -- economies duplicate what -- restrictions we don't have that right now. People undermine the word recession where we -- about halfway through -- recovery in the first capital and time again and markets will be doing better by the end. But you know until we get more clarity have had an end and we continue to secret markets easing in. And and amp M and the consumer outstanding it's going to be difficult to get for a purview and within it would lack of clarity as market continues to halt."
[1:41]" To finally uncle Sam is a selling lots of bonds billions and billions in bonds including a new three year. Instrument what effect will that have on the commercial bond market."
[1:53]" Don't that is the commercial paper market is is -- is not suffering for the amount of paper that the government putting out. Complicated and but I actually that's only because -- counterfeit social Boavista resourceful little trading of commercial paper nor are they kept. These events picking up pushing confined to commercial paper shot so I think it's a good sign that started this piece of paper and the deaths and move around we have. Sri large -- deals or actually issued last week it privately before. We actually and I yield that killed on last week as well also the bond market is starting to take a little bit and and and -- certain -- the important thing is that. People are getting back can reservist he just expressed little bit to -- to be popular mural Margaret."
[2:34]" Wouldn't make sense are for people who were concerned about there are other mutual fund holdings to maybe. Get involved in Munis are some -- a sort of a bond fund."
[2:42]" one of the positive side effects for Munis. That you can look at that's because -- extra -- but also because of the fact that you were received fiscal stimulus plan in the first hundred days of the new administration a lot of different have to do this assertion rebuild that's simply sordid -- federal monies coming after him in a -- level. -- to build and rebuild roads and bridges and and overall infrastructure. So you could double benefit of -- sport and put the federal funds in that in the tax free basis that's going to be important protection Harmon pictures so. In the mideast problems are going to -- total more attractive as we have worked so way to -- first prime minister."
[3:17]" Make your art Hogan chief market strategist at Boston's Jefferies and company."
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