The following are excerpts from an ASSET TV EXCLUSIVE interview with Bank of America Corp.s Andy Sieg, head of Merrill Lynch Wealth Management, by Asset TVs Laura J. Keller. Find the videos in Asset TVs online library. All references must be sourced to Asset TV. Please describe the exchange as a video interview with Asset TVs Laura Keller.
Keller interviewed Sieg for Asset TVs new editorial focus on top-level financial industry newsmakers. In the series of candid conversations, Keller asks Wall Street and wealth management leaders to discuss issues affecting financial markets, politics and the economy, and day-to-day impacts on investors. Asset TV is committed to bringing viewers exclusive insights from the most influential investment professionals around the world.
Sieg: Most bullish is the fact that when you speak to clients who are owners of small and midsized business, they are very consistently telling you that they see strong demand. They feel like theyre investing in their own business and experiencing growth like they havent seen in a long time.
Keller: And thats in the U.S.?
Sieg: Thats in the U.S. They certainly feel that were a more pro-business environment that theyve experienced in a long, long time, regulations being pulled back. We think that the impact of the tax cut is really not fully in the U.S. economy right now, and when you actually juxtapose that with the fact that more people are expressing some concern about markets, as a contrarian thats actually a very bullish sign right now.
Sieg: Even on a topic like the trade war, I think our advice would be dont overreact short term; lets see the direction of policy over the long term. This is clearly negotiating strategies playing out on all sides of the topic.
Video excerpts and transcripts from this ASSET TV EXCLUSIVE interview are available.
Neil Jeffery, Executive Vice President