SVP Paul Nolte Interviewed By Reuters 9.14.21

Reuters interviews Paul Nolte, SVP & Sr. Portfolio Manager

Kingsview SVP Paul Nolte discusses missed estimates in economic data points, and how that’s coincided with the rise in the Delta variant.

Click here for the full article

3:00

SVP Paul Nolte Interviewed on WGN Radio 9.14.21

Kingsview SVP Paul Nolte discusses the inflation rate, this week’s declining market, and why investors are heading back to technology.

Click here to listen to the interview.

6:44

CIO Scott Martin Interviewed on Fox Business News 8.13.21 – Making Money With Charles Payne

Program: Making Money with Charles Payne
Date: 8/13/2021
Station: Fox News Channel
Time: 2:00PM

CHARLES PAYNE: All right, so all week we’ve been talking about ways that you should own the future, part of the future, of course, includes how we’re lured off of our sofas and to certain industries where businesses are somewhat struggling. The answer, of course, is always going to be technology. I want you to check out, for instance, this Taco Bell define now they call it that because it defies the norms and it will define the future. It’s got a very small footprint, but technology actually allows it to serve more customers. It looks so cool. And imagine you go to a late Friday night after you had a few. Right. And then there’s this Nike store in Seoul, South Korea. This is amazing. They call it the Nike Ri’s. It’s designed to merge digital and physical for what they call a unique, immersive shopping experience. It’s all cool stuff. It also means really big money for investors if you know where to look. I want to bring, in King’s view, wealth management. Scott Martin has got a lot of this. Is that radio frequency ID stuff you see with those Amazon grocery stores and you go in, you put everything in a basket and you leave. Right. How can the audience get a piece of that action?

SCOTT MARTIN: Yeah, and it’s action that’s going to happen a lot going forward, Charles, just as kind of, I guess, the post pandemic retail environment emerges. And just as an aside, any any time you talk about Taco Bell or weave that into a stock story, you’ve got my attention. Love Taco Bell, hard core. That’s Yum Brands, by the way. Here’s RFID technology, though. RFID technology, though, that looks good to us. Charles is in Zebra Technology’s great, fundamentally strong company, has rallied a lot in the last several years, even pre pandemic, just because these guys are dominators in the space. So zbra is one that we actually like here to further take advantage of the trends going on.

PAYNE: I’m going to toot my own book for a moment, I have an entire chapter dedicated to Zebra in my book, Unstoppable Prosperity. Folks, you have to read how I discovered Zebra, how you can discover things every single day. Connect the dots and you can make a fortune. I digress. Let’s talk about these retailers and restaurants themselves, though, because I got to tell you, I think these retailers, a lot of them are going to survive. The stocks are already acting fantastic. A year ago, everyone hated Coles. I’ve seen upgrades on that. Everyone hated a lot of these other names. Or what are some of the names you like there, Scott?

MARTIN: Yeah, a lot of fun, a lot of ones that were it was like TJX, which is one that we own and we have owned that for a while. Charles, a couple other names, I guess I’m a little embarrassed to talk about because they’ve been awesome, but they were funny at the time. I mean, we could go back in the tapes, you know, when we were talking about this retail re-emergence. How about Darden Restaurants? How about Bloomin Onion? Yeah, Outback Steakhouse. And those guys like those are companies that have really done the following, Charles. They still have the room dining. They still have the traditional kind of dining experience, but they have totally shifted their business lines to the pickup in the carry out and so forth like that. They’ve got good food as well, like Taco Bell. I’m saying that kind of with a straight face here, but that’s food I like also, believe it or not. So those are areas, too, and restaurants that I still believe are set to emerge. And they’re ones, too, that you need to take advantage of when you see some pullbacks like we have in those stocks in the last couple of months.

PAYNE: All right, so we talked about the future, let’s talk about the past, this Sunday will be the golden anniversary of Nixon taking us off the gold standard. You’re a gold investor. You think it was a mistake? I mean I mean, obviously, I think it’s too late to ever go back. But if we could, would you.

MARTIN: No, I wouldn’t, and I think we’ve got to be grateful that we’re not. And yeah, you know, I’ve been called Goldmember on Twitter and on on Facebook and Instagram because we love gold, you know, like like Austin Powers used to say or the act used to say, Mike Myers would say, as he was gold member in the movie, because gold to us has value in the sense of Charles. When we invest our clients money, it’s not stock and it’s not fixed income. It has its own kind of correlation value amongst traditional asset classes that many investors hold. And therefore, that’s why I think gold going forward, it’s going to be a great addition to your portfolio.

PAYNE: I’m going to go back a little further and talk cool real quick. It’s up one hundred fourteen percent. I think it keeps going in part because of China. Is there a way for the audience to make money there?

MARTIN: Sort of you know, it’s funny with Coal, I don’t have the onions, let’s say, to jump into coal here, given the crazy move. I mean, you look at coal prices, like you mentioned the last few months, it’s wild. I actually believe kind of the forgotten peace to this whole energy scenario is a natural gas. Cheaper, easier to get. There’s more of it. So UNAGI is an ETF that tracks the futures price of natural gas. It’s trailed coal, its trail, this whole move. It’s the hated kind of partner, if you will, or the hated kind of alternative. And that’s when I look at as maybe playing catch up here.

PAYNE: Scott, you gave us a lot to chew on. Pun intended. Have a great weekend, my friend.

4:49

SVP Paul Nolte Interviewed By Reuters 7.7.21

Reuters interviews Paul Nolte, SVP & Sr. Portfolio Manager

Kingsview SVP Paul Nolte discusses recent bond market signals and what that might mean for technology.

Click here for the full article

3:00

SVP Paul Nolte Interviewed By Reuters 6.8.21

Reuters interviews Paul Nolte, SVP & Sr. Portfolio Manager

Kingsview SVP Paul Nolte discusses the current “waiting game” and monetary policy.

Click here for the full article

3:00

CIO Scott Martin Interviewed on Fox Business News 6.4.21

Kingsview CIO Scott Martin discusses data as it relates to inflation, trimming positions in certain sectors, and putting cash back to work in areas such as technology and utilities.

Program: Making Money with Charles Payne
Date: 6/4/2021
Station: Fox Business News
Time: 2:00PM

CHARLES PAYNE: I want to bring in now the money guys. Hey, David Dietze with us. Scott Martin’s with us. All right. Equity’s going much higher. Bond yields are plunging. The fear index is plunging. Scott, so how does this report change your way of thinking? Maybe your positioning with respect to your stock positions

SCOTT MARTIN: It doesn’t really change anything for us, Charles. We’ve actually been using some of the strength in some of the recent economic data to pare back just some of the winners, man, that we’ve talked a lot about on the show here, financials, energy and materials. And it’s not that we’re bailing on those positions, but just trimming them back, taking some profits off the table, because I think a lot of this data, as you talked about with Constance there, is starting to get baked in the cake as far as how summer is going to go. And therefore, I think the market’s going to likely be disappointed by better and better data as it relates to inflation as well.

CHARLES PAYNE: Today, energy and financials, those are two sectors that are down. Almost all the rest are up. Are you putting that money to work somewhere else?

MARTIN: No we’re keeping it in cash for now, Charles, and then looking to maybe put it back to work and some things that fall more over the course of the next several weeks, which my guess is going to be in the technology space, maybe utilities as well.

CHARLES PAYNE: Hey, guys, I want you to check out this headline, you at home as well, the Fed and inflation suggest the bubble is forming now. You know, a lot of people read that, right? They got out of the market when they said it. Except the problem is that was from October 2013 when they got out of the market. Well, subsequently, they missed one hundred thirty six percent move. He been a three hundred percent move on the Nasdaq. One hundred, David Dietze. What’s the moral of this story?

DAVID DIETZE: Well, market timing does not work. And before you are all inclined to take a big move with your money, think who are you going to be selling to? What are they thinking about? Go back to your goals. Historically, this market has outpaced cash and fixed income over the last hundred years. There’s always going to be some sectors that are overpriced, but conversely, there’s always going to be some sectors they’re underpriced. Back then, technology was very cheap. We were on the cusp of big tech revolution. Should never want to do one thing with all your money for every bad headline. There’s also a good headline.

PAYNE: Yeah, the moral of the story is ignoring the headlines. OK, we’re looking pretty good here, Scott. And know you’re sitting on some cash my man, what will it take for you to now look at growth? Which I believe is the new value.

MARTIN: Yeah, it could be, and it got to a level where there is some value in growth, Charles. I mean, we just are looking for pullbacks. We’re looking for entry points. We’ve had those in Zoom. We’ve had them in DocuSign, we’ve had them in Teladoc, Zwillo as well. So just looking for four points of interest or points of entry that are just basically oversold conditions. The other thing, too, I mentioned the cash earlier, Charles. You know, I love Gold man. We’ve been picking up gold on the lows in March and April of this spring. A lot of people called us crazy as Bitcoin and Ethereum are falling out of favor because of regulation and taxation. It looks like gold is back in favor and looking to be that alternative asset class that it’s always been.

PAYNE: Yeah, gold right around nineteen hundred and a strong stealth rally. David what are some of the things you’re doing? What are you focused on right now?

DIETZE: Well, so we love growth too but I would kind of turn it around. I don’t want to look at the labels on stocks. I want to look at the companies. They’re going to show the greatest earnings per share growth. And there I come back to the cyclicals and the value plays. The energy stocks are leading the brigade in terms of year over year growth. Financials are going to come up next. And that’s where the growth is, at least to the end of the year. The secular growers did a great job, but now they’re year over year comparisons aren’t going to look quite as good. of course, unfortunately, I do think we’re going to see higher interest rates. Who does, who benefits from that? Who is hurt? Well, certainly the value plays where there’s more earnings today. Greater dividends today are more resilient in that kind of situation versus growth. Companies have long, longer dated things. So I would stick with the value in financials. A slight overweight. They’re continuing.

PAYNE: All right, so you see this whole inflation thing still bubbling up at some point today, notwithstanding David Scott to the best. I appreciate you guys. Have a great weekend. We’ll talk soon.

5:49

CIO Scott Martin Interviewed on Fox Business News 5.27.21

Kingsview CIO Scott Martin discusses the housing market and President Biden’s six trillion-dollar budget with its higher capital gains rate.

Program: Cavuto Coast to Coast
Date: 5/27/2021
Station: Fox Business News
Time: 12:00PM

NEIL CAVUTO: Ray Wang is here to help figure it out, Scott Martin here to help us figure it out as well. Gentlemen, good to have you. Ray first to you on what’s happening in California, because, you know, demand is demand. And even in a state that has high taxes and all these other issues, it’s not hurting real estate. In fact, it may be helping it. I don’t know. But what do you think of that?

RAY WANG: Well, what’s going on is the millennial migration from urban cause, they’re having families, they’re getting married, they need a lot more space. The second, though, is interesting. This is the supply issue. There is a war. There’s a war in the American dream, which is the single family home. And there’s everything being done to get rid of single family zoning, which is driving up what people want, which is single family homes. No matter how small they are, people want a house and a yard. And then the last piece is the unions are tacking on tons of legislation on bills to actually require union labor when we’ve got a labor shortage for construction. So that’s driving up the cost. Those three factors.

CAVUTO: You know, you hear anecdotal evidence to Scott, hopeful homebuyers offering anything and everything, from parties to the seller to incentives and tickets to baseball games just to give them an edge here. It sounds a little frothy to me. It’s more anecdotal than it is nationwide. Hardly a rule of thumb. But does does that worry you, that nature of this?

SCOTT MARTIN: Well, if that stuff is out there, Neil, I’m going to sell my house later today because I love parties and I love ball games. So, look, it does show you, though, how crazy it is out there to Ray’s point as far as how much this battle, I think, was the word he used is going on between buyers and sellers. Now, in the case of California, I think, as was pointed out, this could be a kind of a concentration issue, too, of certain areas being hotter than others. I think somewhat real estate is lagging in some of the price corrections are likely to happen in California going forward when things happen. And let’s say the governorship doesn’t turn over, as some of us expect it to in politics, don’t change. But, yeah, you’re right. I mean, there are a lot of tactics going on now in the seller’s market or the buyers market, I guess, really where they’re trying to get any edge possible. I mean, how many times are you hearing from friends or colleagues that they’re buying homes before they even come on the market on the MLS because folks go in and pick off a pocket listing before they even listed publicly?

CAVUTO: Yeah, I think that’s now counting for close to six percent of all sales that they were never even got to listing. Ray let me ask you a little about something else going on in Washington in this environment, not only all the spending, but all the taxing with it. And part of it was Janet Yellen, the treasury secretary, talking about beefing up the IRS so that they can get more tax dough out of folks. Listen to this.

JANET YELLEN: {CLIP} The IRS is ineed of additional resources to over the next 10 years, the American people could see roughly seven trillion dollars fall through the cracks of our tax system. Why? Because many of the country’s wealthiest taxpayers do not pay their full tax bill and the IRS is not nearly staffed up enough to ensure compliance.

CAVUTO: All right, my immediate reaction that Ray, let’s say, even tripled the budget for the IRS to thirty plus billion dollars, you’re justifying it that it can get you seven trillion dollars. Sign me up for that if you can make that happen here. But I mean, it does have a bit of a stretch feel to it. But what did you make of that?

WANG: It is definitely a stretch. I mean, we need a fair tax system if we get rid of all the important incentives and all the kind of special rules and all the deduction favors, if you get a flat tax, we wouldn’t have this problem. People just pay it. I think the challenge really is we’ve seen the abuse of the tax system over the past 20 years by the government using that for going after political issues. That’s a big issue. But the challenge really is can we get to a tax system that’s efficient, that actually represents what it means? You’re getting the right amount of spending, the right amount of benefits we’re spending beyond our control. And so good luck. I mean, if you’re going after the crypto traders, maybe catch some things there might catch some things in

other weird deductions, but it is a big stretch. I think we should just get to a much more efficient flat tax system so that we can actually make sure everybody pays what they need and they’re not complicated or make a mistake by saying, oh, I made this deduction instead of this other deduction because I didn’t understand it.

CAVUTO: You know, Scott, I’d be remiss if I didn’t mention this other development on the president’s budget. He’s going to sort of outline officially tomorrow, but we’re getting hints of it today. Six trillion dollars, the biggest budget we’ve ever seen in the United States history. But there’s an interesting wrinkle to this of reports that a built into that budget is the higher capital gains rate taking effect in April. In other words, if you wanted to sell your big winners and this goes through, it’s too late, you’re going to be taxed at that higher rate, at least richer investors are, which would be you. So how do you feel about that?

MARTIN: Hopefully me, if things continue to go well. Look, low hanging fruit to me in the tax system right now, Neil, is the capital gains rate because the stock market performance has been really good thanks to, by the way, the large and small businesses out there know, thanks to the government and all their help that they’re providing. But the administration sees it as low hanging fruit. So no shocker there that capital gains are going to be taken up. With respect to these wrinkles in these numbers. I mean, the numbers are shocking, Neil, more than World War two, cost inflation adjusted, by the way. That’s frightening. And I don’t believe that number being as low it is for a second. We’ve seen these numbers from D.C. The new administration just inflate rapidly over the course of the last, you know, one hundred twenty days. So the reality is we’d be lucky if the number is that low going forward is what they’re going to spend going forward. I think it’s going to be a lot higher and we’ve got to be ready for it.

CAVUTO: You know, you’re right about that, usually it starts out low, even eye popping, as the first numbers are, because they end up getting much higher. We’ll keep an eye on it, gentlemen. I want to thank you both very, very much.

6:13

CIO Scott Martin Interviewed on Fox Business News 5.25.21

Kingsview CIO Scott Martin discusses the global supply chain and the current administration’s effect on the U.S. dollar. He also talks about recent social media events and the intent of language.

Program: Making Money with Charles Payne
Date: 5/25/2021
Station: Fox Business News
Time: 2:00PM

CHARLES PAYNE: The evil, of course, these days could be inflation, it could be overvalued stocks, any dodginess development that could derail the economy. On that, I want to bring in our market pro – from Mayflower Adviser Larry Glazer also have got Kingsview Wealth Management. Scott Martin with me as well. Gentlemen, let me start with you, Larry. I know you’ve been concerned. I was reading some of the work you’ve done, even going back to 2018. So you’ve been concerned about inflation, but is it so pervasive? Right. Do you sense that it’s going to be so pervasive and enduring right now that the Fed will indeed be forced to derail this stock market?

LARRY GLAZER: You know, Charles, it’s a really good point and potentially the biggest risk to the stock market right now isn’t the economy. It’s not the reopening, it’s not even Covid. It may be Washington itself. It may be a Fed misstep. It could be higher taxes. Any of those things could potentially derail this. But I think more importantly, let’s play a little game here, shall we? And we’ll see how many times Fed talking head officials this week use the word transitory to describe the inflation that we’re all experiencing on Main Street every day. Charles, the proof is on the grill for Memorial Day. Look, let’s see what the price of chicken wings look like, right? That is, if you can get chicken wings, let’s see what the price of hamburger looks like that is. Maybe it’s going to be so expensive. We’re just going to eat the helper. No one’s going to take road trips. If gas prices go up, you’re not going to rebuild deck or your fence if lumber prices go up. So all those things are risk potentially. And we learn early on as you do not fight the Fed, if the Fed says there’s no inflation, it’s going to be good for the reopening. It’s going to be good for inflation. But you’ve got to be in companies. They have enough margin expansion. They can absorb that, pass it through cyclicals, industrials, materials, stocks and certain technology names that benefit from all the good things on the technology side that are happening today in this acceleration of innovation.

PAYNE: Well, if there no chicken wings, I’m going to be out down there protesting myself, Scott, when it comes to transitory, if we play the game, I’ve got the over whatever the number is. What’s your assessment? Because, again, the Fed, though, there’s a united front, they’re staying firm. They’re saying there’s no way we’re going to deviate no matter what.

SCOTT MARTIN: Yeah, I don’t know if they have a overunder yet, Charles, on that, because, as Larry pointed out, the Fed is just going to keep using that word over and over again until they’re right, because I actually agree with them. I mean, I think if the is globally re-open, as we hope they’re going to, you’re going to see that resource utilization. Easy for me to say. You’re going to see that sourcing of minerals and elements and things like that that are going into building things and making things again start to happen. Global supply chain should come back online and lessen the pressure that we’re seeing in price. So I think the one concern, though, Charles, is what the D.C. administration is doing to our good old greenback. That’s the US dollar if you’re playing at home, because this endless printing of money, the pork bills that are out there to buy votes and buy favor across America are the things that are killing the greenback, which is actually pushing up prices more than anything.

PAYNE: Yeah, DXY folks at home put that on your watch list if it goes on there. Eighty eight could be trouble for your shopping bill, although Multinational’s might like it. I want to get back to what you were saying to Larry. I understand this. And we all go shopping. We see what the prices are. But how do you explain more recently this sort of relative calm in the market? The 10 year bond yield keeps drifting. The VIX keeps going down. You know, of course, that’s the fear index. Other indicators in the market seem to have become sanguine.

GLAZER: That’s right, no, it is a really good point because we see this inflation out there, that the market isn’t sort of believing it. And it’s interesting because it would be easy for me to say to you, hey, the public isn’t buying what the Fed is selling. Actually, right now. The public is buying it. If the Fed tells them there’s no inflation, people are starting to absorb that. The market’s trying to absorb it. More importantly, China, the other big central bank, we have to keep our eyes laser focused on their jawboning, the price of commodities. They want to bring the price of commodities down for their

benefit. I still think you want to be in some of these producers of these materials, these raw materials, energy industrials, the companies that will benefit from this reopening. They’re still going to be an infrastructure plan. They’re going to benefit from that. But there’s no doubt, look, technology is getting a reprieve here because inflation fears went on hold yesterday. That’s a good thing for a lot of the really high quality tech names that we own in our portfolios. It’s good for the market as a whole. It does stabilize things. The lower VIX might be somewhat misleading. Charles, it may be sending us a false flag signal.

PAYNE: Right? I got you. Larry, it’s great seeing you, my friend. We’ll talk to you again soon, Scott. If you can stay right there because I want to bring in Bulltick Capital Markets, Kathryn Rooney Vera. And I want to switch course a little bit here. Florida Governor Ron Desantis just signed a new law imposing fines on social media companies that permanently bar political candidates. I know that’s your state, your Floridian, Kathryn, and that’s obviously these stocks. We watch a lot. Just your thoughts.

KATHRYN ROONEY VERA: Yeah, great, great thing, it’s fantastic, great state of Florida and wonderful governor, look what happened to Section 230, right? Big tech has had it both ways, have been both a publisher and a platform, a publisher. Your audience, remember, can censor butt and be sued. But a platform can’t censor but can’t be sued. And big tech has had it both ways for an inordinate amount of time. So imagine former President Trump that lives here in Florida, what his next move is going to be after this.

PAYNE: You know, I want to stay on social media and how this new woke era, coupled with really the appeasement of overseas markets and governments creating really serious turmoil. And in fact, I want to bring Scott Martin back on this. So John Cena fans are outraged. He had to he was forced to apologize in Mandarin, by the way, for calling Taiwan a country that says he is promoting the latest Fast and Furious installments. So, Scott, first, just let me get your thoughts on that. I’m a huge John Cena fan. I hated to see that.

SCOTT MARTIN: I did, too, and, you know, it’s always about intent, I think, with kind of this “WOKE” culture and some of the things that are said these days, Charles, that need to be apologized for or not. I mean, look, I don’t think

John Cena meant anything bad when he talked about Taiwan being the first country that could see Fast and Furious nine. I mean, and everybody got super upset. And then he had to apologize, like you mentioned, in Mandarin. I mean, I think with with the culture as such these days, you have to look at intent. It’s not just about what somebody says inadvertently. It’s their intent. And I don’t think John Cena meant anything bad about it. But let’s face it, let’s just say he didn’t apologize right away because he jumped on it pretty fast. Credit to him, he probably would have been cancelled. We probably had never heard from him again based on how things are going these days.

PAYNE: Well, you know, and also, let’s be honest, I mean, this is about being cancelled in China, which seems to have more sway over corporate America, woke corporate America than certainly conservatives in America. The movie did one hundred sixty million the first week and one hundred thirty five million in out of China. And also, let me add Mark Ruffalo to this. Right, because he also had to apologize. Now, this is really tough. I mean, saying Israel was committing genocide against Palestinians, Kathryn, all of this. You know, it’s clearly, you know, he was forced out the direction of Disney. They own the Avengers franchise. That’s where he’s making a lot of money. But it seems to me if you broaden this out, it’s another reason why these large corporations and their proxies, whether it’s actors or anybody else, should just simply stay out of political commentary. Your thoughts?

VERA: It’s beyond me why they think it’s to their benefit. They should stick with the bottom line rather than alienating, insulting their consumer base. Woke ideology Charles is popular with the elites, but it’s not popular with the common American. So I think that we need to look at what happened with the deplorable how that worked out for Hillary and really focus on the bottom line here, guys.

PAYNE: Well, you always focus on the bottom line, so let’s shift gears for a moment. I want your thoughts on this market. Its meandering, but I’m thinking and I’m you know, it’s going to take some time to know that we might have had an inflection point last week. I feel like the bias is kind of shifted back to the upside. And I think maybe for now the worst could be over. I know you’re not convinced. Where do you see this market?

VERA: Well, we have an inflation that’s both transitory and structural. Your previous guest, we’re talking about the transitory nature of it. It is, in fact. And by July, the base effects from last year’s horrific year is going to roll off. So that’s going to favor tech in the very near term. In twenty twenty two, though, Charles, I’m far more cautious. I think the combination of a doubling of the of long term capital gains, higher corporate taxes, higher marginal income taxes on on the rich are going to really favor and I think that combined with more structural inflation, are going to favor the less sexy sectors such as utilities, such as energy, such as telecom, high dividend names that I think these tax increases, especially on long term capital gains, Charles are going to be the great equalizer between what has historically been beneficial for tech, low capital gains tax brackets and and higher dividend sectors such as utilities and telecom and energy, which I think are going to be more defensive positions for going into twenty, twenty two.

PAYNE: All right, so folks, enjoy the run this year while you can, because if utilities are the number one sector, maybe the rest of your portfolio ain’t looking so good. Kathryn, Scott, always appreciate it. Thank you both very much.

9:10

SVP Paul Nolte Interviewed By Reuters 5.24.21

Reuters interviews Paul Nolte, SVP & Sr. Portfolio Manager

Kingsview SVP Paul Nolte discusses the evolution of cryptocurrency and how putting rules and regulations in place might be creating short-term volatility.

Click here for the full article

3:00