Markets opened and remained lower on Monday as traders took a breather from the previous week’s stock rally. What's next? Dan Deighan, founder of Deighan Financial Advisors, and CNBC contributor Michael Yoshikami, president and chief investment strategist at YCMNET Advisors, shared their market views.
“I think it’s a trader’s market rather than an investor’s market,” Deighan told CNBC. “I haven’t seen a lot of significant play right now.”
He is bearish on the stock market, based on the state of the shipping industry. The majority of the 13 percent of already "laid-up" container ships have shut down completely, illustrating that demand is still lacking, Deighan explained.
Yoshikami, on the other hand, sees momentum building and says the market is starting to recognize that the economy is at least stabilizing.
“Generally speaking, the trajectory is going to be flat to upward,” he said. “I think we might have a bump down, but it’s generally flat to upward.”
Yoshikami said he recommends buying gold.
“I’m one of those folks that believe there’s going to be inflation and if there’s not inflation, there’s going to be a fair trade,” he said.
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Disclosure:
No immediate information was available for Deighan or Yoshikami.
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