Rising rates on the 10 year and the 30 year chair Powell on the hill volatility in text

stocks, the reopening and rotation trade. Tom Thornton is here to talk it over. Welcome,

Tom.

Ash, how are you? Nice to see you. Nice to see you as well. Always an eventful day when

you're here. I believe last time it's like the chaos of after it was the game stop thing

was going full full bore and it was after the market closed and then I'm watching on one

screen over here. Game stop after hours just went crazy after going crazy during the day

and then you said you're not going to believe this and then it was Elon with his tweet

and it just was chaos but wow yeah it's been quite a month. Yes it has and it always seems

to be action packed when you're here. I should say we're filming now around 3.45 pm eastern

time so just off the close. Tom, tell us through in your view the big picture for what's

happening right now. There are two trades happening right now in the equity market and

the first is the reopening stocks and you have airlines and hotels which I think are going

to probably move a little higher they have pricing power going forward not forever but

going forward the prices on flights and hotels are just astronomical if you haven't checked.

Then you have retail restaurants I think you're going to see those do well but they don't

have the pricing power and they're getting priced in right now I think the best case scenario.

On top of it the two sectors I've liked the most over the last six months has been energy

and financials and I do expect those to carry forward and to continue higher with the reopening.

I think those are the most pure play reopening type sectors you want to be in because they just

cover everything. You've been you've been bullish on those sectors since October or so let's take

a look if you're looking for some unalloyed good news let's take a look at the US currently

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