 Stocks getting hit again on North Korea worries here now is Andy Capron director of research at Regent Atlantic So Andy another show of force by Kim Jong-un. Is this just background noise or something to really make portfolio adjustments off of? I think it's more than background noise And I think it's something investors should get used to for at least the next few weeks what I've seen in the market Basically ever since November ever since ever since the election politics has gotten a lot of the credit for the market rally But really what I think has happened is earnings Every Significant leg of the upmarket since November has been driven by really solid earnings reports in each quarter after that The most recent quarter the earnings circus just closed So what does that mean for the next six or seven weeks until mid-october and the earnings? Season for the next quarter reopens. It means that there is going to be a vacuum of really good news from from corporate earnings So we have nothing to obsess over well nothing to obsess over and really the big problem I think that creates is not a whole lot of positive potential news Because what's left out there for the next few weeks things like North Korea things like Washington DC Trump tweets any one of those things can can hit the market now what we're seeing this morning is Futures are down about half a percent on North Korea not huge But we're we're filling that vacuum with negativity, but we're seeing gold near its 2016 high of 1375 an ounce after doing nothing this year how much of your portfolio should you allocate to gold especially in these times? So I'm averse to allocating to gold I think it's a I think it's a more of an emotional investment that people flock to when they're worried If you look at gold over the very long term, it doesn't really produce a high rate of return over and above inflation I think stocks and bonds are going to be able to do that over the long term So gold is gold is a hedge And less of an investment in my opinion We're also seeing the euro rise now at $1.20 another example of the euro Becoming a safe haven asset in times of worry, which is pretty incredible Maybe if you told me that a year ago, I would have thought you were crazy How does this change your view on European stocks, which is one of the most popular trades of the year right Europe versus US? Still very positive on European stocks I actually think that the the rally in the euro and the fall in the dollars is very under reported I mean, what's going on in February in early February the dollar hit a 15-plus year high relative to a basket of other currencies What we've seen since then is a double-digit decline in the dollar of course Corresponding double-digit gains in the euro in the yen and a host of other currencies What the hell is going on the US is raising interest rates the US Federal Reserve is selling bonds Well, what's going on is everybody else had a very low bar to clear Europe had a rolling debt crisis that seems to have been nipped not necessarily in the bud But finally nipped and that's producing finally some economic progress. All right, bottom line before we let you go One actionable tip for people worried about North Korea. What do they do with their portfolio wait until October? Okay, well, we have more earnings news. All right, Andy Kaepern. Thanks so much. Thank you All right, I'm Scott Gamm and you're watching the street