And more the Halftime Report starts right now. Good to have you with us on this friday. Our committee at the able today, josh brown, jim lethan that will, Jenny Harrington lets begin the markets. Stocks lower again, wrapping up a turbulent week that has thrown the remainder of the summer in doubt. Its how we came into the week and how were ending it are two different feelings you tell me what to do as we move forward here. Its deja vu. We saw it before well see it again. Heres how it plays out. As we get close to the fed meeting we saw the odds of another cut, they were high to start with the markets get excited about that we could see trump flip flop he put the tweet out, didnt get much play from it because he was asleep, so wait until dude is awake if youre going to smack him between the eyes so i took off a little exposure as soon as the tweet hit markets at all levels, alltime highs, were at high levels, getting nervous, antsy did anything change for you this week . You came in thi
Najarian lets begin with a look at the major averages boy, what a different story it is at this very moment s p and nasdaq are positive. The Dow Jones Industrial average, knocking on the same door, as well. Josh, this is a far different story from how it looked a half an hour ago. Yeah. This is what its come to this is the big pivot, scott hes pivoting were looking at the future of employment for certain people in the white house, is now the main driver for stocks like, intraday in late august, when all the real money is out at gurneys, you know, yes. But bigger picture, like, i dont feel like this is really changing peoples positioning, whether or not Goldman Sachs is going to win out over the clan inside the white house like, i dont i really dont feel like the position has changed that much. Lets keep in mind, though, s p was 2. 7 off the high this morning at its lowest levels, but russell was 7 off the high. So if you really want to gauge sentiment and you really want to get a good
Youve been bullish. I am bullish. You think we could get a correction next week. I think there are two catalysts. One, the president s speech before congress. Thats the 28th, folks. Tuesday. That will be in the evening. Tuesday, in the evening. In other words, really the trading begins of course the first of march for that. I know theres afterhours trading of the s p in particular at that time. But, what you had today was the president at cpac of course, judge. He threw the red meat out there. The audience loved it. He side i care about you guys. Not about the globe. I represent you, not the globe. Thats why hes been able to drag so many folks into the republican party. Because the workers have listened to that rhetoric. He also talked about repealing obamacare. Those two things, how far, are not going to be as big as his speech tuesday because thats going to be all about do we hear a lot about taxes like we did from mnuchin. If he thinks that cpac that hes speaking to because congress
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