Program: Kennedy
Date: 4/15/2021
Station: Fox Business News
Time: 8:00PM

LISA KENNEDY: Meanwhile, retail sales in March jumped by buying stuff nine point eight percent and the bar and restaurant industry saw a wonderful thirteen point four percent surge in sales. Keep going to your local watering holes keep tipping, keep sipping. But what does this mean for you and how do you make sure the growth continues so you can get — here with me now, Kingsviews Wealth Management, Chief Investment Officer and Fox News Contributor. Scotty Martin, naughty Scotty with the hotty body – here to tell you how to party. So, Scott, this is all great news.

SCOTT MARTIN: Reminds me of 7th grade all over again. By the way, thank you for calling me. Thank you for calling me.

KENNEDY: I have the emotional maturity of the seventh grader, so that is perfect. So you’ve got low unemployment, you’ve got housing starts going up and up and up. You say the stock market is going it’s set to keep roaring for another two quarters. Where is the bad news? This that sounds pretty great.

SCOTT MARTIN: It sounds too good to be true, almost, doesn’t it? I believe it’s going to be one of these situations, Kennedy, where everything keeps coming in better and better. We see earnings getting better. We see more government spending, people going back to work, potentially if the government’s not paying them not to work, of course. And everything gets really good until we get back to the actual full reopening. And then it’s kind of like, all right, now what do we do? So that’s really the worry, is that for the next couple of quarters, I think we’re OK, which if you’re playing at home, I think is about 180 days, depending on the quarter. The two of them added together 90 days each. That’s quick math without a calculator. Just a cap here in hand. But the reality is, once that day comes, when the full opening happens or re-happens , I guess, as it did once upon a time, you have to be ready to reallocate your portfolio.

KENNEDY: So where should I reallocated – bitcoin? I love crypto.

MARTIN: Bitcoin bars and restaurants, as you mentioned earlier, maybe grocery stores, gas stations, because gas prices, by the way, are out of control. But, yeah, you know, Bitcoin is an interesting call and sort of things like Gold. Those are alternative kind of assets, Kennedy, things like currencies as well that are rallying because of all the government spending and because interest rates are going up. So, yes, I think the traditional portfolio I know this is like super exciting to everybody at home, the traditional stocks and bonds. It is. That’s true. We want to make money. So, yes, Bitcoin and things like Gold, I believe, are good assets to have when this reopening does happen.

KENNEDY: That is so hot, you know, just the idea of walking around with a bunch of gold coins jangling in your pantaloons. And we we’re definitely set up for something. I hope it’s not bubbles. I hope it’s prosperity. And I hope people have the sense that the pandemic is coming to an end and they keep spending and supporting each other because that is what lifts this beautiful free market economy, naughty Scotty Martin, thank you so much.