CIO Scott Martin Interviewed on Fox News 5.4.22 Pt.2

Kingsview CIO Scott Martin discusses events in China and the effects of COVID there, plus their rules and regulations.

Program: Cavuto Coast to Coast
Date: 5/4/2022
Station: Fox Business News
Time: 12:00PM

NEIL CAVUTO: One little unknown fact here. There was a scene in Spider-Man that featured Scott Martin, and the Chinese said, We don’t want it if Martin’s in that we got an X him out that Sony did agree to get it. Very good to see. You know it’s got a that’s.

SCOTT MATIN: That’s why I didnt get the check.

CAVUTO: I hear you. I hear. This is very unusual. No, I mean, Lydia was getting into it, and it did take my memory. I remember once upon a time, and it they have a steady policy of just not taking up from anyone, even back to the interview. Remember that on the North Korea, you know, dictator and all they risk a lot doing that, don’t they?

MARTIN: They do. And it’s just more oppression. It’s more filtering by the Chinese government that ultimately hurts their people. Now, the question on Sony’s behalf and some of the other companies, Neil, that I mean, look, you look across the S&P 500, half of the earnings of the S&P 500 these days come from overseas. And a large part of that overseas amount is China. So companies need China. I mean, China’s middle class is the size of our entire country’s population and it’s emerging and growing even bigger. So that’s a huge amount of people that companies like Sony want to have see their movies. But it is an interesting point to what Lydia raised about where’s the where’s the line as to where companies are going to say, no, we’re not going to change that. I mean, one of the things that that really hurt me back in the day that China did was they banned Justin Bieber in 2017 from playing over there because of his bad behavior. I mean, the guy is a saint, so they’re trying to really filter out and admonish a lot of the things that are coming from the United States just to have control over it.

CAVUTO: Well, I was for that particular action. But in all seriousness, I do find interesting that, you know, a lesson to be learned here, I mean, that at great

risk to their finances. Sony, you know, at least three or four times has said we will not have other countries dictating what we show eventually. And that could hurt the bottom line. Of course, no one’s crying for the money that, you know, Spider-Man and the entire series has made to say nothing of some of these other flicks. But maybe it will embolden others to think China, especially now, is in a position not to be calling the shots. What do you think?

MARTIN: Correct in China, if at all, in the last several years, Neal, I think as far as the government goes, the CCP is definitely on their heels to some degree. The economy stinks. They’ve they’ve re botched, if you will. The latest outbreak with respect to COVID people are obviously hurting over there and hopefully taking up some of their own will with respect to what they can do. But China still has the government still has a lot of control over their people there. And so I think when you look at Sony, look at the stake they’re putting in the ground here and maybe some of the other stakes in the ground that other companies will do going forward, is it going to move the government off the block to kind of relent or at least not be as controlling when it comes to what comes into the country? And based on history from President Xi and his cohorts, they don’t move off the block. I mean, they stay pretty staunch about how they they rule and regulate. And so it’s going to be a push, push and pull with respect to how things go. But it is a big give up from Sony and some of these other countries companies with respect to other countries and how they deliver their goods and revenues they receive for them.

CAVUTO: Well, but what a tangled web they leave. See what I did there? What a tangled. It’s basic cable.

MARTIN: I said it better myself.

CAVUTO: Yes, I kind of run with it, Scott, the best way I can. Good seeing you again, my friend, Scott Martin on all of those developments here following what’s happening at the corner of Wall and Broadway.


SVP Paul Nolte Interviewed on Catherine Murray in Conversation 9.29.21

Kingsview SVP Paul Nolte discusses the global economy, China’s economic slowdown, watching the yield curve, and the bond market.

Click here to listen to the interview.


CIO Scott Martin Interviewed on Fox Business News 9.21.21

Kingsview CIO Scott Martin discusses recent market pullbacks, how 2021 compares to 2008, and how China’s actions affect the market.

Program: Cavuto Coast to Coast
Date: 9/21/2021
Station: Fox Business News
Time: 12:00AM

NEIL CAVUTO: Let’s go to Scott Martin, a guy who had his tender years when it comes to looking at markets because he knows enough, usually September young as he is to know it’s a problematic month so far, it continues that theme. What do you make of what’s going on?

SCOTT MARTIN: Yes, as young as I am, Neil, I do know my months of the year, so that’s very helpful when we look at old Mr or Mrs. You know, gender neutral stock market here these days. That’s the popular thing to say, I guess, is that there is seasonality involved in markets. Know what’s funny about statistics. I being one a fan of statistics, Neil and how we run our portfolios at Kingsview and in some of our ETFs, you can manipulate statistics. Some people say you can beat them to death. You can beat them to tell you what you want them to do. But the reality is you can change them around to say, Hey, if you take out a month like the terrible attacks of September 11th, if you take out the crash of October eighty seven, if you take out some of the things that are going on with the Gulf War volatility in the markets and 94 the months, don’t look that bad. But what I do like about looking at things maybe more in a concurrent basis today is that there was a little bit of maybe too much optimism there going into the fall here that basically, I guess at least tribulation itself into. Now what we’re seeing in the markets as far as some pullback, some reconciliation, some recognizing that markets didn’t need to pullback, some to get to a level to where buyers were going to come back in.

CAVUTO: Do you worry about what’s happening in China and that it could spread here? I know it’s unique to China. Three hundred billion dollars, you know, vulnerable assets right now. Let’s say it defaults on this payment due Thursday that it could have reverberations here. I tried mightily and you probably have as well to look at any U.S. exposure here and outside of a few, you know, you know, Western bond funds like those from BlackRock and PIMCO, Pacific Investment Management and maybe Ashmore Group. I don’t see that wide exposure, but maybe to the markets if this thing went belly up. It

doesn’t matter. It would have it cascading or a domino effect. What do you what do you think?

MARTIN: It would, and we’re kind of lucky in the fact that China has shut out a lot of our banks from doing so much business over there, especially of late, so the exposure isn’t as bad as it probably could be. Another thing that’s funny about the exposure with China and kind of that systematic contagion effect, Neil, that we saw around the financial crisis is folks and mainly on another network, thank goodness, have been saying that this is like 2008 again, not even close. It’s a lot more isolated. The Chinese government has a history of kind of kind of manipulating and taking care of these companies within their country in weird ways with a lot of force and control. So I do think they’re going to come in and do something to kind of save the bacon here, so to speak, even though I’m trying to cut out bacon off my diet because the reality is that the damage that something like this, it’s hard to do the reality, the damage of this that would expand into the markets. Just as far as general unease, it’s probably not worth the lesson. Let’s say that the People’s Republic of China gets even what you want to call them, want to give the rest of the market or their own market. I don’t think, although President Xi, to your point about where China is, my goodness, man. I mean, these days, whenever he’s speaking, whenever they’re putting out what they’re doing with some of the technology companies over there and certainly some of the things in Hong Kong, it’s very worrisome. What they’re doing on may be more of a grand basis of how they’re handling a lot of the business matters and people in their country.

CAVUTO: Yeah, and I think telling is the fact that China doesn’t care if it hurts them and if it boomerangs on them, that’s pretty bold if you think about it because they’re clearly taking it on the chin as a result of all of this. They don’t give a damn. And that worries me too.

MARTIN: And it worries the markets, certainly. But I think overall, the reality is that these buying opportunities that do occur like days like yesterday, when it looks like the market was going to be down over a thousand points in the Dow today we bounce so far and then everybody’s like, Well, just sell this. Take these opportunities to layer in the positions that you like because longer term, this too shall pass just like the financial crisis did and just like the COVID freak out from 2020 did.

CAVUTO: Yeah, I think Gilda Radner, the late great comedian out of it, it’s always something. Because you’re too young.

MARTIN: Right? I’m a big Gene Wilder fan, something there with the amount.

CAVUTO: Yes, exactly. OK, thank you very much.


CIO Scott Martin Interviewed on Fox Business News 7.28.21 Pt 2

Program: Cavuto Coast to Coast
Date: 7/28/2021
Station: Fox News Channel
Time: 12:00PM

DAVID ASMAN: Well, meanwhile, Beijing’s crackdown on US listed stocks is fueling a record drop in those stocks. Let’s bring back Scott Martin. Susan Lee and John Lonski. Good to see you all. Susan, what is going on in China right now? I mean, President Xi is a communist, even though he’s allowed you know, he sits where he does because of the sort of free market pushes of his predecessors. Is he going back to the old a stricter communist model of dealing with the economy?

SUSAN LI: Well, if you ever go to China, you’ll see it’s actually a very capitalist society. People there just want to make money and make their lives better. But there’s a lot of debate in terms of what exactly is a long term goal of Beijing and Xi Jinping and the Communist Party. Because really, when you’re clamping down on big technology like they have been in the last few months, you’re really cutting off your nose to spite your own face. Right. So what is a long term goal? Is it just domination, control over data, over the economy, over the markets? Or do you want your home grown talent to make lives better for the billion people that live in the country? I think there’s a lot of debate about that. But I will say that Bitcoin has actually benefited from this clampdown. A lot of money has been taken out of these Chinese stocks and worse two day wipeout since, two thousand eight. That money has gone into other assets, speculative assets like Bitcoin, John.

ASMAN: So far, the Bush administration hasn’t really changed that much. The policy of the Trump administration, one of those rare things where it hasn’t undone the good stuff that his predecessor did. But do you think that will last or do you think we may have sort of relations with China that perhaps a lot of people would would would voice their opinions against?

JOHN LONSKI: Well, I think the Biden administration will continue to take a critical view of what is taking place in China with the intentions might be they will be very wary of attempts by Chinese companies to purchase U.S. companies. And Susan, I think put it quite well. The Chinese government appears to be shooting itself in the foot. I mean, they have a very creative, innovative, highly educated population that could do wonders at creating wealth for China. And yet they seem to be putting limits on the ability of the Chinese economy to grow. And this brings up an important point. You know, years ago, the 1950s, high ranking U.S. academics, Paul Samuelson made the argument that the Soviet Union would surpass the US economic never came close to happening now. And the more you try to stifle initiative in an economy, the less likely is the economy to reach its full potential.

ASMAN: Well, Scott, on the other hand, you see all those people there at one point, four billion of them, and companies like Coca-Cola and the others at Nike that have their their fingers all over the place are willing to forgive all of the problems that China has. They’re willing to kowtow to the Chinese Communist Party to to maintain their market share in China. But and this is a very important but that I want you to deal with. You have the issue of the pandemic. We will not forget where the pandemic came from. We will not forget the way they unleashed it by allowing the people from move to travel to Europe and to travel to us and infect the rest of the world and perhaps perhaps having invented it inside a lab. Won’t there be repercussions from that that will affect economically our relations with China?

SCOTT MARTIN: Well, there should be, David. I mean, I’m waiting for the administration every day to do something about what happened in the Wuhan lab a little over a year ago. And certainly if you look going forward and based on history, you can’t trust China, whether it’s economically, whether it’s medically. We don’t have a friend there, obviously. And if you look at back, you know, earlier this month, they had the hundred year celebration, I guess it was, of the CCP, which was highly their militaristic. It was highly affronted to the rest of the world as some of the comments that President Xi made versus the other rest of the world leaders and rest of the world countries about what the Chinese government was going to do to people. And so, look, going forward, if we think we’ve got a friend in China, we’re sorely mistaken and it’s already costing them internally. Yes, a lot of money as far as how they’re clamping down on their own, their own companies, but also what it’s doing to some of our companies that are trying to get in there and do business

ASMAN: Susan,John Scott, what a great panel. Thank you all for being here. Appreciate it. Well, it’s one of the.


SVP Paul Nolte Interviewed By Reuters 7.26.21

Reuters interviews Paul Nolte, SVP & Sr. Portfolio Manager

Kingsview SVP Paul Nolte discusses portfolio allocations in light of Beijing’s regulatory crackdowns.

Click here for the full article


CIO Scott Martin Interviewed on Fox Business News 7.8.21 Part 2

Kingsview CIO Scott Martin discusses comments from China’s President Xi, and the influence recent events have had on Chinese stocks.

Program: Cavuto Coast to Coast
Date: 7/8/2021
Station: Fox Business News
Time: 12:00PM

NEIL CAVUTO: So it’s really a it brought in this selloff that ensues right now, not as bad as it was when we’re off with more than 500 points, the Dow up about 250 points. The Nasdaq has taken on the chin. Technology stocks in particular have been saying take it on the chin. This actually began in China overnight, in Asia by extension, after people saw what was happening. The technology sector there. And China might lay a lot of the blame for this on the reversal of fortunes and its once thriving technology arena because it’s clamping down on technology. And that is not only hurting Chinese investments there, but now technology in general everywhere. Scott Martin back with us. Luke Lloyd, back with us. You know, Luke, I mean, the Chinese might have started this, the interest rate thing notwithstanding, by cracking down on their own offerings to say nothing of what they used to do to Alibaba and all the rest showing more their military concerns than their economic ones. What do you think’s going on here and how long does it last?

LUKE LLOYD: Yes, so I talked to earlier about how you should stay away from international companies. I think China is where you should stay away from the most. You know, China probing US companies should absolutely. One hundred percent concern investors. You shouldn’t be buying Chinese stocks at this point. The regulatory headwinds that could come from both sides aren’t worth the risk DiDi listing over here in the US then being taken off the App Store in China was a big middle finger from China. They could have done that before the IPO, but they chose to wait. And then the US is already talking about reacting by withdrawing the ADR from the US exchanges. I like to invest in free market countries and China is not that at the snap of a finger they can choose to destroy a company. And unless a company was trading an extremely low valuation at a price that I was willing to pay, I wouldn’t be a buyer.

CAVUTO: It’s very, very interesting, you know, Scott, what’s also interesting is the fact that either China doesn’t much care or it wants its cake and wants to

eat it, too, which is a dumb expression because you have the cake, please just eat it. But I digress. I’m wondering whether China, you know, played this out in their heads and now is shocked at the market fallout to say nothing of growing US pressure to crack down on this sort of stuff, as Luke said, maybe just not to buy their stuff all together. What do you think?

SCOTT MARTIN: Well, it’s a hard thing to avoid, typically, because a lot of companies do business in China. China is on pace to be the largest economy in the world in a matter of years. Billions of people, obviously, the companies want access to. I’m not sure China even lets their people eat cake, Neil, which means there’s more for us in the United States. But if you look at President Xi comments just about a week ago at the 100th anniversary celebration, I guess you’d call it a party on Chinese terms. You know, the things that he said at that at that presentation were actually pretty shocking, pretty aggressive, pretty militaristic and pretty scary for the rest of the world. So when you look at what China is doing, whether they mean to cause an uproar or whether they mean to cause selloffs or not, I don’t think they really care. Neil, I think China is ready to take on anyone and everyone, and it’s something we should all be aware of with respect to how the markets, at least initially, at least as we started to figure out who the real state President Xi is, as the markets have started to figure that out, they haven’t liked what they’ve seen so far.

CAVUTO: All right, good point, gentlemen, I’m sorry to truncate this, but with this breaking news, unfortunate, we have to. We’re going to.