CIO Scott Martin Interviewed on Fox News 12.31.21

Kingsview CIO Scott Martin discusses the resiliency of the market, and a positive outlook for 2022. He also discusses the cruise lines and airlines, plus the news for Peleton.

Program: Making Money with Charles Payne
Date: 12/31/2021
Station: Fox Business News
Time: 2:00PM

ASHLEY WEBSTER: Well, markets are slightly lower and have been that way since the opening bell on this very last trading day of the year. But that said, all three major indexes are expected to finish 20 21 with some serious gains and on the precipice of new record highs. So did the Santa Claus rally deliver to expectations? Let’s bring in our market panel today from Kingsview Wealth Management Scott Martin. Great to see you, Scott. And the chief market strategist at Cross Mark Global Investments, Victoria Fernandez, Victoria. Good afternoon to you. Let me begin with Scott, though, Scott. How are we feeling about the markets as we wrap up Twenty twenty one.

SCOTT MARTIN: Not a bad gift from Santa Claus? Actually, I mean, if you go back a couple of weeks ago, three weeks ago, everybody was panicked, coming in to the end of the year. I mean, this is going to be the big unwind, right? As you mentioned the lead in there of this big rally we’ve had and it didn’t happen. And that’s frankly, because that’s typically what happens in market psychology actually is when people start calling for the experts, quote unquote start calling for the great roll over. It doesn’t happen and the market goes back in their face. So I think we should be relatively full of gratitude with what happened here because the market has shown itself to be very resilient and being able now to push through a lot of these same old problems that we’ve laid out with, say, the COVID variant with promises of tax hikes and things from the Federal Reserve as well that were scary for the markets, ones seemed to not be scaring us anymore. There’s a lot to be positive about going into twenty twenty two, in my opinion.

WEBSTER: All right, Victoria, know we’ve had a lot of analysts say, look, you can expect higher interest rates next year. You can expect lower stocks and you can certainly count on volatility. Would you agree?

VICTORIA FERNANEZ: Yeah, I think actually all three of those are probably accurate. I mean, you know, Santa Claus came in with a bang and we’ve been a little lackluster the last couple of days. But the Santa Claus rally should continue into the first couple of trading days of next year. Then we start to refocus and look at some of these items you’re talking about. We do think rates will go up on the longer end. We think there’ll be some consolidation in the equity markets as the Federal Reserve starts to lay out their plan of when they’re going to raise interest rates. And that’s going to cause some volatility. So I think we can anticipate that for twenty twenty two.

WEBSTER: All right, Victoria, I’m going to follow up with you, talk about the cruise lines, the CDC simply says, don’t go crazy, crazy, you know, cruising these days. So where do these and other reopening stocks go from here? I know that’s difficult to predict, but what do you think?

FERNANDEZ: Yeah, I’ll have to look into my crystal ball and see what it tells me, but I think one of the things we’ve always talked to our clients about is don’t make a huge play on pure reopening trades, right? Look at the longer term perspective in these names and see if it’s a business model you like. Let’s see if there’s growth potential. Look at the balance sheets of these companies. It’s what we always talk about for cruise lines. It’s not a place where we want to be right now and we’re not in airlines right now either. I think you can look at the reopening trade more towards the consumer side in regards to consumer discretionary and some consumer staples. I would stay away a little bit more from those highly volatile names of cruise lines.

WEBSTER: I’m going very good, Scott, to you. Yeah. Scott Peloton sliding on a downgrade. Well, one of the great pandemic stocks being able to turn it around or is it more bad news for Peloton?

MARTIN: I hope so because I own some and I own some low. So that’s OK. You know, gosh, though, what an interesting tale actually for Peloton these days. I mean, you know, talk about when you think you hit rock bottom when the girls from Sex and the City take shots at you and then you get downgraded after that. So I think the bad news, I mean, look, the bad news is pretty much everything has happened to Peloton that can possibly happen, right? I mean, maybe the the girls of the View are going to attack them or something. The point is there’s there’s bad news and a lot of stocks right now to Victoria’s point. Same with the cruise lines. At some point the airlines, too. You have to pick these up because it can’t get much worse. It feels horrible. Don’t get me wrong, but I think Peloton is a buy here now.

WEBSTER: All right. Victoria, very good. Scott Victoria Treasury yields dipping today. They’ve been a bit of a yo yo. The 10 year. Do you still like financials?

FERNANDEZ: We do like financials, it’s one of our favorite sectors going into twenty twenty two. We actually think the the longer into the curve has been probably mispriced a little bit when you look at where inflation has been, when you look at where credit spreads are. And so we think that longer into the curve will start to move higher. But it’s not the only reason we like financials. Their balance sheets have been extremely strong, especially compared to where they’ve been historically. We think there’s going to be some long growth. And look, the financials have been hit. They’ve taken a hit the last month or so. So it’s a good place to go in, especially for the big money center banks and maybe start a position if you don’t have one already.

WEBSTER: Very good, we’ll have to leave it right there, folks, but Victoria and Scott Speller stuff, thank you so much for joining us and a happy new year to you both.


CIO Scott Martin Interviewed on Fox News 12.29.21 Pt 1

Kingsview CIO Scott Martin discusses the “war” on the oil industry, and what it means for gas prices and supply. He also talks about the current administration’s impact on businesses and new regulations.

Program: Cavuto Coast to Coast
Date: 12/29/2021
Station: Fox Business News
Time: 12:00PM

DAVID ASMAN: The Biden administration’s push to solve inflation, meanwhile, by cracking down on businesses using antitrust violations, essentially blaming businesses instead of government for inflation may actually cause bigger inflation issues. This, according to a Democrat, former Treasury Secretary Larry Summers. He tweeted out quote the emerging claim that antitrust can combat inflation reflects science denial. There are many areas like transitory inflation where serious economists differ. But antitrust as an anti inflation strategy is not one of them. Joining me now is Kingsview Asset Management CIO Scott Martin and Point Bridge Capital founder and CEO Hal Lambert. Good to see you, gentlemen. Thanks for being here. Scott, you got to hand it to Larry Summers. So I mean, he’s going against the woke crowd on this one. That’s that’s brave to do for a Democrat.

SCOTT MARTIN: Looking outside the box, Larry, and thank you for

ASMAN: looking inside of this argument.

MARTIN: Well, yeah, inside, but then wanting to jump out of the box is David, as far as figuring out the right way to deal with this and we do have evidence. I mean, Larry Summers hit on some of the science of it. I mean, let’s just look at history in the last two year, the war that the Biden administration put on the oil industry let the closing of the pipelines, other special assessments, other rhetoric, other talk against the industry. And look, what’s happened to gas prices and supply. So if you look at it going forward, especially, you say the meat industry, could we just have the government to just leave the businesses alone? Look at what’s already happened to what the government has done for the businesses with respect to the COVID breakout? And now they’re going to come in with regulations and any kind of trapping, let’s say, on some of these businesses as far as how they should operate going forward looks terrible for the consumer. It’s going to drive up costs because supply is going to go down.

ASMAN: Hal, let’s face it, this is an anti-business administration. I mean, there’s no getting around it. There aren’t business people in the administration. I can’t think of one offhand. Maybe there are one or two, but I can’t see any and there does. There literally seems to be an anti-capitalist mentality. And also in an attempt to divert blame that they have their own responsibility for creating inflation through deficit spending and all sorts of things and putting it on the backs of businesses, right?

HAL LAMBERT: Oh, absolutely, I mean, this administration is filled with academics and lifelong bureaucrats that have never created a job in the private sector, none of them have, including the president and the vice president. So they don’t have a clue how to create jobs. So yes, they are trying to play the blame game and blame the businesses for their failures. It’s not going to work. And what Larry Summers is basically saying is, look, get off the campaign trail and get real. And let’s look at the real causes of this inflation. Now, I don’t I don’t agree with Larry’s assessment of it. He thinks it’s because we need to outsource more jobs to China and take tariffs off of China. That’s his solution for it. He thinks we have a worker shortage. Well, we do have a worker shortage because of the policies of this administration to basically create a universal income and pay people not to work. So we have a worker shortage that creates higher prices in labor and causes people to sit home. And they’re handing out money and people are spending money and it’s driving up prices because we don’t have a supply chain that can handle it. That’s the that’s the reason for this. It’s all their policies. And that’s that’s what they don’t want to admit. And they’re going to continue to play the blame game all through 2022 as we go into the next election.

ASMAN: All right. But very quickly, Scott, we only have about 10 seconds here, but there is a tool that scares me that they may pull out, and that’s price controls that always leads to shortages. Do you think they’re going to use that next?

MARTIN: I do insert awkward Kamala Harris laugh here, because any kind of price controls take away the free market, David, and that hurts consumers in the end.

ASMAN: Empty shelves. That’s what price controls lead to, gentlemen. We’ll be seeing more of you.


CIO Scott Martin Interviewed on Fox News 12.29.21 Pt 2

Kingsview CIO Scott Martin discusses the recent controversy around Elon Musk’s tax payment, and how small business owners are impacted by the current tax structure.

Program: Cavuto Coast to Coast
Date: 12/29/2021
Station: Fox Business News
Time: 12:00PM

DAVID ASMAN: Well, Elon Musk selling yet another billion dollars worth of Tesla shares nearing his 10 percent target, Musk is expected to pay what is likely to be the largest individual tax bill in U.S. history. It’s nearing about $11 billion right now. Let’s bring back Scott Martin and Hal Lambert. So Hal? Elizabeth Warren still calling him a freeloader. It’s hard to call $11 billion free, is it?

HAL LAMBERT: Well, absolutely, I think Elon Musk did this deliberately. He’s the richest person in the world. He made a conscious decision to pay the highest tax bill that’s ever been collected by an from an individual in the history of the world. This has nothing to do with his view of Tesla stock, in my opinion. And I think ultimately, you know, this calls out the hypocrisy on the left because, you know, if you look at what’s happening, he could have borrowed against these shares and never paid tax. He could borrow at one percent or probably less. And that’s what a lot of these guys do. They ultimately never pay tax. They didn’t turn around and give it to a foundation, their own foundation when they die, and that money escapes tax altogether. Great. I think we ought to start taxing this if we if we looked out and said, Look, you know, Bill Gates or Warren Buffett, Warren Buffett said he’s going to leave all his money to the Bill and Melinda Gates Foundation, so he’s going to skate off and pay no tax when he dies. I don’t think that should happen. I mean, maybe we had to look at anything above 500 million is tax. Just like an estate tax, you pay 50 percent on that and then the rest can be left to the foundation. But ultimately, these go to these far left foundations that then are turned around and used to change the policies of the country and destroy the country. Well, it’s a circular game.

ASMAN: It is a circular game. It’s got the thing is, I’m not going to cry for help for the richest man in the world. Obviously, he’s still got billions left over. But again, to use a lie in order to make an ideological point, it’s just it’s just bad. It’s bad politics and it’s bad policy because, as Hal said, sometimes it leads to just the wrong kind of policy.

SCOTT MARTIN: It opens up Pandora’s box where you find out what’s really going on. Now this is going to be a Fox News alert. I agree with Senator Karen. I mean, Warren in respect of Elon Musk and some of these billionaires. Oops. And small business owners David and Hal don’t pay their fair share of tax. They pay more than their fair share because if you look at the tax code and look at what it does for, say, half of American households where they don’t pay any federal tax, a lot of those folks are some of the freeloaders that are out there. So if Elon Musk’s is paying what he’s paying, we should be thanking him for doing that. And like Hal said, doing what he’s doing right now and having Senator Warren attack him for it is making her look bad because it’s coming out in the wash as to what’s really happening here.

ASMAN: The top one percent pay 40 percent of all the federal income taxes, and you just can’t avoid that.

MARTIN: And that’s 20 percent.

ASMAN: Yeah, well, we’ll see.

LAMBERT: It’s at the top and the top one percent only collect 20 percent of the income, so they’re paying double in taxes of what they collect.

ASMAN: HAL, that’s a terrific statistic. All right, guys. Thank you very much. Great to see you have a wonderful new year.


CIO Scott Martin Interviewed on Fox News 12.28.21 Pt 1

Kingsview CIO Scott martin discusses the topic of vaccination and how it is affecting the job sector.

Program: Fox Business Tonight
Date: 12/28/2021
Station: Fox Business News
Time: 5:00PM

BRIAN BRENBERG: Well, here now is Scott Martin, Kingsview Wealth Management Chief Investment Officer, he’s also a Fox Business contributor. Scott, great to see you. I got to tell you, I get really nervous when you’re blending penalties for unvaccinated people in terms of not being able to work. Plus unemployment benefits to pay them to stay out of work. This sounds to me like labor market wreckage, Scott. Is that how you see it?

SCOTT MARTIN: Yeah. Labor market, I guess rigging, really, Brian, and you’re right. I mean, so we complain about the fact that the government is forcing vaccines on folks, especially in the public sector, maybe the FAA and so forth. But then we’re going to want the government to get involved for those who don’t get vaccinated and then lose their jobs because of it. And there’s 10 million jobs, by the way, open in this country that are waiting for somebody to walk into him. And for somebody, Bryan, that again, I like your your take, though, in the segment about how it should be up to people’s choice, but you have to factor in all the consequences of such. I mean, I’m I’m double vaxxed. I’m boosted. I’ve been drinking out the toilet, by the way, for about three weeks now, so I am totally, totally protected from this, from this variant. But the reality is, I’m doing that because I make the choice and because I do want to come to work and I do want to be able to fly and things like that just in case something changes. And I think people need to take that information to heart before they make the decision on their job.

BRENBERG: You know it just to me, it’s crazy when you’ve got so many jobs available, you’ve got people who want to work. They probably have natural immunity. And instead of giving them the shot and letting people solve it at a local level, we’ve got all these conflicting policies that end up with people on the sidelines and unemployment benefits, frankly, that governments can’t afford, and that end up rewarding the wrong behavior. Scott, we got to move on, though.


CIO Scott Martin Interviewed on Fox News 12.28.21 Pt 2

Kingsview CIO Scott Martin discusses the gap between wage growth and inflation growth, plus the price of inflation at the grocery store.

Program: Fox Business Tonight
Date: 12/28/2021
Station: Fox Business News
Time: 5:00PM

BRIAN BRENBERG: Well, let’s bring back Scott Martin Scott, I know you’re not buying cheaper cuts of meat, but we’re getting to the point where all these price hikes have to start really cutting into the health of the economy in terms of growth. Scott, we’ve seen a lot of spending. The economy has sort of held its own through all this. But at what point in next year the consumer has run out of steam? And businesses are stuck now with people not buying things because prices have gone up so much?

SCOTT MARTIN: Yeah, there’s a tipping point soon, and you can see that in some of the wage growth numbers vis a vis the inflation numbers. Brian, whether you look at CPI or the deflator within GDP because you start to see the gap widen between the wage growth and the inflation growth. Now you mentioned on what I’m spending my money on my man. Here’s the thing you talk about growth. The fact that all this stuff costs more is actually helping or alleviating the growth that I would usually be having in my waistline right now because I’m spending the same amount of money at the grocery store, but not eating as much. So it’s actually maybe doing some of us a favor. When we did it, we never dieted over the holidays. Now you’re kind of doing it by default.

BRENBERG: Well, apparently you can’t get into gyms anymore in places like New York unless you’ve got your vax card and all this stuff. So I guess the solution is paying more for your food. You won’t eat as much and maybe you are looking thin and good, my friend Scott. It’s always good to see you. Always good to get your perspective on the economy and all sorts of things. Thanks for showing up today.

MARTIN: See you!


CIO Scott Martin Interviewed on Fox News 12.22.21

Kingsview CIO Scott Martin discusses the state of our economy, the Omicron surge, wage growth and inflation.

Program:  Kennedy
Date:  12/23/2021
Station:  Fox Business News
Time:  7:00PM

GUY BENSON:  President Biden today announcing an extended pause on federal loan payments until May of twenty two, claiming the COVID pandemic is the cause bit of an odd decision considering the administration seems to like promoting the idea that inflation and supply chain concerns are blown out of proportion. And despite lots of job openings all over the country, a new poll from Gallup shows 67 percent of Americans believe economic conditions are getting worse. A number not seen since the beginning of the pandemic. So what is the true state of our economy right now? Here to discuss is Fox News contributor Scott Martin of Kingsview Wealth Management. Scott, first we talk about this sweater. Was this a you purchase? Was this a lost bet? What happened here?

SCOTT MARTIN: Well, basically everything and guy, to be honest with you, my mom still dresses me because I need that kind of help and it’s on her. She picked it tonight. And so that’s it, man. But it’s kind of like it’s a mixture, though, right? Is it an ugly sweater? Is it a fugly one? Is it even a sweater? But it’s on tonight.

BENSON:  It appears to be a sweater. I’ll leave it to others to decide whether it deserves the fugly moniker. Let’s talk about something that many people believe is ugly the economy. How’s that for a transition? The talking points have come down from the White House and they say We are better off as a country on all of these metrics than we were a year ago. Clearly, public opinion does not agree. Why?

MARTIN: Yeah, the economy is fugly to use the word, and maybe that’ll that’ll sweep the rest of the year here because it’s kind of like, you know, the more you drink, the better the economy looks. And that’s not a good thing because if you look at the data guy, since we’ve had even the resurgence in the Omicron variant or the newest variant, Macron or even just kind of this, this fallout from this big resurgence we had in the economy where we were growing it, you know, double digits of GDP and now we’re back to single digits in GDP and we’re really creating a couple hundred thousand jobs per month and wage growth is slowing it. Inflation is going crazy. I think a lot of folks out there are feeling what what we all do, which is the fact that inflation is way higher than what people’s wage growth is. So when you look at like how much people are making versus how much they can spend and how that affects consumer confidence. Inflation is way outpacing what we’re all taking home. So we’re losing kind of that gap against what things are costing. And then certainly the fact, too, that when you have the stock market that is as volatile as it is, you know, every given day the market is up or down a couple of percent. Some of our favorite companies are down five percent, up 10, down 15 and so forth. That puts together a pretty tough environment in which to operate as we end the year here.

BENSON:  So you just outlined a lot of the reasons for pessimism, and that is, you know, that’s a sense shared by most Americans, obviously based on the data. What would be maybe one or two points on optimism, not pessimism, as you look forward into 2022?

MARTIN: Well, the fact, too, that there is probably going to be, as you have talked about with your panel, maybe less of a devastating impact from the latest variant. In the fact, too, that the problem is is that the psychological damage that I think the lockdowns and the regulations and just the curtailing of a lot of business activity, the psychological damage there is pretty high. So the fact that we’re going to get further away, hopefully when we get past this latest deal with Omicron. God willing, is that we’re going to have hopefully a chance to get the psychological part of us rebuilt. And I think that’s going to take some time. But once we start realizing that we can win against this variant and we can win against this virus, and hopefully people will be able to make their own choice as far as their health. I mean, if people want to get vaccinations fine, don’t do it. I have mine. I had my booster the other day. It’s fine. But if people do want to do that, that’s fine. But the fact that the government still feel like they need to take care of everybody on this hopefully allows people maybe down the road to make their own decisions and feel comfortable about going out in the world and doing what they want to do as far as economic activity.

BENSON:  Now, of course, you have the president, as I mentioned at the top with this new extension on the moratorium on the loan payments. I mean, at some point you can’t keep using COVID in the emergency as an excuse in the term moral hazard comes to mind as well. It’s a policy we’ll be watching here. Scott, great to see you and your sweater. Thank you.

MARTIN: Thank you.



CIO Scott Martin Interviewed on Fox News 12.21.21 Pt. 1

Kingsview CIO Scott Martin discusses patience with the market, buying during the dips, earnings reports and profit margins.

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

NEIL CAVUTO: In a corner of your screen there, you’re noticing that stocks are spreading ahead, and it’s a reminder that every time the market gets shellacked, even though in this case it was a significant shellacking over three days. You are richly rewarded if you just stay patient and you’re buying the dips. In fact, history suggests that you’re a dip. If you don’t do that, eventually, that won’t always pan out, but it is today. Scott Martin with us. Scott, what do you think of that strategy? It’s richly rewarded investors, if they just hang tight, can’t always be that way, but it seems to be again not making a big deal out of one day. But what do you think?

SCOTT MARTIN: The riches do come, Neil, and the riches come to those who are patient in those who stay on the path, I mean, as an investment adviser. Every day it’s like you’re either looking at stocks to buy or you’re you’re psychologically counseling clients to just hang in there. In fact, NeIl, to your point about, you know, don’t be a dip and buy the dip, find that cash or find the wherewithal to maybe rebalance some of the names that are doing better or worse, depending on the day, and start allocating to names that look really bad. You know a couple of things in the last couple of days in the energy space. The materials space. Some things we talked about last week on the show are names that are just way down and completely indiscriminately sold, and ones that they feel terrible when you put the buy order in on them. But they’re ones that really start to bounce on days like today because they get so hated on those down days like we saw earlier this week and late last week.

CAVUTO: How are you playing next year, Scott? Normally, after three years of double digit, heady double digit advances over 20 percent year in and year out, at the very least, I’m on the fourth year you’d see things dramatically slow down, I think the Wall Street Journal had said last week maybe no more than two or three percent next year. Where are you on this?

MARTIN: Yeah, and 2020 was supposed to be the Great Depression, and twenty twenty one was going to be bad. Well, because, you know, it’s like the more I hear those predictions, Neil, the more I’m like, OK, here we go to all time highs. How I’m playing it next year, I’m probably sucking my thumb a lot, hiding under my desk, forwarding my calls just because sometimes I mean, we’ve talked about this to me in the last few weeks. Sometimes it’s best to just kind of turn away a little bit and think about how stocks are positively sloped over time. Think about some of the earnings reports that we’re seeing from the Apples and the Adobe’s and the visas and all those companies out there that are so part of our daily lives and there are so great product developers and their parts of our future that we know we’re going to have in our lives. And you just have to be confident that these companies are going to figure out they’re going to figure out profit margins, they’re going to figure out hiring, they’re going to figure out R&D. And those are the companies we want to own in our stock portfolios. And those are the companies. Frankly, man, as we’ve heard those dire predictions. Those are the ones that always beat out those predictions and return well to our investors.

CAVUTO: Now, would they include the big well-known names that have run up far and fast anyway, the Amazons, the Apples and Microsofts disproportionately weighted in technology? I know. But how do you how do you pick your winners that have a winning record when it comes to earnings and even company forecasts that right now are holding up pretty strongly?

CAVUTO: We call this a pregnant pause.  I apology for that.  Just to let you know, here one of the things they do look for technology stocks. Part of this report was because they were disproportionately running up, returning about 40 percent last year, 35 percent the year before that 36 percent, I think the year before that, that they’re due for a slowdown, no matter how spectacular their earnings and their guidance looks. There is no way of knowing that, but that is just one of the things that’s out there and one of the points that I had wanted to raise with Scott. But I apologize for those technical difficulties. They are not micron related.



CIO Scott Martin Interviewed on Fox News 12.21.21 Pt. 2

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

NEIL CAVUTO: Scott Martin on all this, Scott, keeping the politics out of it, does anyone ask the typical consumer or resident how he or she feels about this? Because invariably it’s going to mean higher energy costs? Say what you will on natural gas. It’s a cheap, efficient and still clean use of energy. And now they’ve got to seek out alternatives that are all going to be pricier.

SCOTT MARTIN: Correct. It’s all fun and games, Neal, until your wallet gets hurt, and I think that’s really one of the issues and in fact, one of the issues that we’re seeing really around the country now. What’s funny about this is if you go to Texas, to Arizona and most likely Florida as well as I put that cut into that category, you get to choose and they’re blocking the effort by governments locally to make consumers choose the electricity over natural gas because to your point, in the lead in with Lydia. Natural gas is something that, depending on how you how you use it, it’s it’s cleaner. It’s everywhere, it’s abundant, the United States, and it’s cheaper. So let’s naturally get rid of it and not use it and go to a power grid that doesn’t have the capacity, let’s say, for everybody to latch onto it or in some cases, the the electricity generation is not as clean. So when you look at it overall as a consumer, I think you think about it both how it’s going to impact your bottom line. And frankly, is it going to be that much more efficient and when it comes down to it being forced as a consumer to choose something over another because the government tells you to do that doesn’t leave the best taste in your mouth.

CAVUTO: What do you think of energy stocks in general? Energy contracts themselves because they’re getting whipsawed, certainly by Macron, and maybe some of these efforts to target more traditional forms of energy for 2022, How does a Scott Martin play it?

MARTIN: Scott Martin plays it with a lot of love, a lot of energy, love materials, and what’s funny is, Neil is that since Joe Biden has been in DC. Would you be surprised to know that the energy sector, the Chevron, the Exxon’s of the world are some of your best performing of the sectors out there? He hasn’t been 500 since this war on oil has been going on. It’s only now actually crude the stocks. So I believe that there’s going to be a lot of conjecture. There’s going to be a lot of back and forth with respect to how the administration is going to tackle the energy crisis or lack thereof that may be going on in the country. And so there’s going to be volatility and money managers, as advocates for clients were using that volatility, Neil to add to positions to put in new positions when they fall like they did yesterday, for example. And if you look at today just down in the lower quarter, their energy is one of your best performing sectors today as we’re getting the market rebound.

CAVUTO: Yeah, they are disproportionately weighted to when some of these populations, including the Dow, thank you very much, Scott. Good seeing you again, my friend Scott Martin on those developments here.



CIO Scott Martin Interviewed on Fox News 12.17.21

Kingsview CIO Scott Martin discusses capitulation in some names, when investors should add to their position and the reason for owning gold

Program:  Making Money with Charles Payne
Date:  12/17/2021
Station:  Fox Business News
Time:  2:00PM

CHARLES PAYNE: Want to bring it to the best market gurus, Victoria Fernandez and Scott Martin. You know, the old market adage, just buy the first, the first hike, sell the penultimate rate hike. And now we’re hearing, at least from Bank of America, that it’s all wrong this time that the is there. The chief investment strategist, in fact, is looking for full blown capitulation. And of course, you know, Victoria, I think capitulation is different, at least from when I started in this business. It’s not a one day, even the two day event in my mind, it’s been happening for weeks, and I think we’re closer to the point where we should be buying. That’s selling your thoughts.

VICTORIA FERNANDEZ: Yeah, I would agree with you, Charles, that it’s not a one day event, and I think the last couple of weeks and all the volatility we’ve seen is proof of that. So look, if you’re waiting on the sidelines waiting for that one big moment, trying to time the market on what that one capitulation moment is going to be, you know how we feel about that. We think that’s a fool’s errand and you need to be building your portfolio over time. But look, here’s the key. You look at the S&P five hundred and it’s down a couple percentage points from its all time high, but that’s really being driven by a handful of names. Look at your shopping list. The average stock is down 13 to 14 percent from its all time high. So get in there on some of these pullbacks. Get the names that you want and start building your portfolio, and I think you’re going to have a lot of opportunities to do that with the volatility going into twenty twenty two as we still do have uncertainty around growth, inflation and central banks.

PAYNE: So, Scott, I mean, are you waiting for that ultimate capitulation moment? I guess in this day and age, it would be a 20 points on the Dow, maybe a three percent move on on the S&P. Or are we living it right now?

SCOTT MARTIN: Yeah, I mean, it’s around us. Charles and I think to Victoria’s Point, it may not be this this big two, three or four or five day kind of break. We’re already seeing that in several names. And so the capitulation is here in some names. I mean, look at Teladoc, look at Peloton, look at Zoom. I’ll look at Adobe just the other day. I mean, my goodness, if you’re an Adobe investor like we are, we took that pullback of the 10 percent after earnings and guidance to just say, Hey, we want to add some more here. So you’re seeing the opportunities arise in these individual names. So just don’t wait for the big down day, I think over on the markets, but watch these initial names as victoriously. You don’t get the shopping list out. And when they pull back to say support, you got to get in there and add your position.

PAYNE: You know, so funny. I’m I really know. Still, a lot of people still waiting for a capitulation from March 2009 that one final leg down. All right, so let’s talk about the last seventy two hours, 48, 72 hours. We’ve had different narratives every single day, right? Initially, when we had the FOMC meeting, techs rocked and then they got rocked. Cyclicals yesterday led the way, and now today’s cyclicals are getting slammed. The fence names show life earlier in the session. And guess what, Victoria? Here comes tech again. I mean, first of all, you know, a lot of people are wondering, though, about the shelter in the storm. But more importantly, have we figured out what the what the Fed is going to do and what it means for the market?

FERNANDEZ: No, I don’t think we figure it out completely, and you see that with the discontinuity between the equity market and between the fixed income market, and so really you need to have that balanced portfolio right now instead of trying to time that rotation perfectly. You know, we’ve been trimming our growth, your names when they’re on updates, trimming some of those down and focusing more on cyclicals and more on value names. We’ve talked about consumer facing names. We liked Target, Lululemon, Dick’s Sporting Goods, but we’re really focusing on the financials right now. Look over the last month, including today and see the pullback in the financials, especially in the bank names Bank of America, JPMorgan. You’ve got names here that have good balance sheets. They’re cheap to the market. You look and see, possibly dividend raises next year. And we do think the longer under the curve is going to move a little bit higher to catch up with inflation expectations. I think the long into the curve is pulling back now because of Omicron, so we would focus on some of those names.

PAYNE: All right. And by the way, we’ve got a great dividend guy coming in 30 seconds, but I’m give Scott the last word. First two things, Scott. I’m loving the fact that on the Nasdaq, at least it’s the individual investor bringing back those so-called meme stocks. And now these other tech names, some you just talked about, but also Gold Gold’s acting pretty intriguing and living up to the old to It’s all respectable, you know, being an alternative to inflation. Is it time to start to add some gold here?

MARTIN: We believe so. We’ve been back in gold, Charles, given the fact that gold was not acting well for most of the year and I think the shine was off gold then and certainly as the inflation numbers have started to really come to pass, I think gold is finally getting its its luster back, let’s say. But the reason you own gold is not just because it goes up on days like today, but because it’s doing something different than other things in your portfolio. It’s different than equities, it’s different than fixed income and hopefully different than some of your other alternatives. Maybe, maybe crypto. So gold for us is a position in the portfolio is something to hold here as we try to navigate this volatility.

PAYNE: And as my man, William Devane said, you can hold it in your hand and look at it. Victoria, Scott – Have a great weekend.


CIO Scott Martin Interviewed on Fox News 12.15.21 Pt. 1

Kingsview CIO Scott Martin discusses recent market response, stocks and bonds, a possible rate hike and the potential for a rally at the beginning of the year.

Program: Cavuto Coast to Coast
Date: 12/15/2021
Station: Fox Business News
Time: 12:00PM

NEIL CAVUTO: We have Scott Martin here right now to see how much further we can get the lawyers attention Scoot is the Kingsview Asset Management CIO, Fox News contributor as well. You know, Scott, you know, Charlie, I would bounce around this idea of what the Fed will line up. Maybe not line up, but I’m just wondering what you think the markets do in response. The more specific Jerome Powell is, maybe the more worried they get, the more general its tone, maybe the more worried they get on top of that. It’s a no win situation for him today, isn’t it?

SCOTT MARTIN: Yeah, and he’s been specific, Neil, and that hasn’t worked out too well for him, as you and Charlie just discussed. Now what’s interesting is when you’re talking about the market’s reaction, I think you’ve got a tale of two cities there. You’ve got stocks which are generally weak or meandering at best. And then you’ve got bonds which have been going down in yield and up in price. So if he is indeed going to do two or three rate hikes next year, as one of my friends best says, the market has a funny way of showing that they actually care because rates are down. Since the Fed projected more interest rate hikes coming down the pike versus rates going up like they would be coordinating with the Fed,

CAVUTO: What is that telling you? Normally you would. You would glean from that. They’re looking at a slowdown.

MARTIN: Yes, I think you’re exactly right, and I think they’re also looking at the bond market that is looking at inflation possibly getting a little tamer in two thousand twenty two. So maybe the Fed seeing the slowdown and seeing that inflation may get a little bit more under control because it is slowing at that pace that it’s on right now. You maybe have less rate hikes than we actually think we projected so far.

CAVUTO: So the market and whether it’s returned and that’s always a debate. I’ve talked to some analysts who say, you know, given the strong earnings, you know, the multiples aren’t nearly as out of whack as you would think. Where are you on this?

MARTIN: The market’s high, but it’s not extremely overvalued. You’re right. If you look back at ninety nine, if you look at twenty seven, the market was trading depending on the index. Twenty five, thirty times. Right now it’s trading at twenty one twenty two, so it’s up there. It’s just not all the way where it was in past bull markets. So in our opinion, if we continue to get strong earnings and we continue to get an expansionary fed where maybe they hike rates later in twenty twenty two, I think you still see this market recover and rally at the beginning of the year.

CAVUTO: I’m taking a look at where you would put your money as you sort of wait this out. How do you play this?

MARTIN: Yeah, we’ve been moving stuff around a lot actually in the last couple of months, just because the market’s been kind of ebbing and flowing. We see certain sectors outperform some days and underperform other days. So what we’ve been doing, Neil is putting more money into some of the inflationary, let’s say, affected areas are looking at materials and energy specifically to take advantage of what is still a largely increasing inflationary environment.

CAVUTO: Got it, my friend. Thank you very much, Scott Martin. We’ll be hearing from a little bit later in the show.