Kited about the settle down about the record run so much ahead. But we begin by taking a page right out much a christmas carol. We need wilfred to do this all year long, the markets have been seemingly haunted by three ghosts but this week we have watched them disappear one by one. First, the clarity that the fed will keep rates where they are throughout perhaps all of next year next last nights uk elections gave us clarity on brexits path forward. No more questions. Its going to happen and this morning, perhaps the biggest specter of all over the market, trade and relief on tariff and more ag buying from china. Sending the worry packing. Mostly because nothing is quite signed yet with these market ghosts gone, effectively, tim, what the dickens are we to do. Oh, wow, i dont know how to respond. Especially when you how about good job sufficientlien i think Charles Dickens could have written up a nice tale that led to a happy ending. And you can make an argument weve had the happiest of
Month. Corporate earnings and sharp moves from the likes of broadcom, origacle, and adobe. And the u. S. Is weighing new 100 tariffs on new european products, including whiskey and cognac plus, a big interview just minutes from now Morgan Stanley Ceo James Gorman, a live and exclusive interview right here at the exchange joining us for the hour is lindsay bell, chief investment strategist at ally invest. Good to see you today, lindsey were seeing the markets kind of shrug over these trade headlines, why i think the market has really priced in a phase i deal getting done the news in the Early Morning market got excited and that quickly got deflated the market is up 26 yeartodate its trading at an 18 times multiple which is pretty rich by historical standards this is really just the market kind of taking a breather and waiting for earnings and the Economic Data to really get caught up to those earnings multiple we are set for record alltime closes. Anything positive for the s p and nasda
Well debate it straight ahead. The Investment Committee is ready to go. Halftime report is ready to go right now. Welcome. Good to have you with us on this friday our Investment Committee today josh brown, jon najarian, tom lee managing partner and head of research and brian belski, chief investment strategist. We begin today with the market stocks are higher friday still, though, the s p on pace for its first losing week in the past tom, i turn to you i said in the show, were going to put two bulls to the test your year end target is 3200 and will you get there confident . Yeah, i mean, i think we could even exceed it in the next seven weeks. Because of . Well, you know, i think Economic Data is really improving. I think as people start thinking about next year, theyll see upside risk to growth and then when you look at positioning, i think people are still uncomfortably, defensivably positioned that movement of cash into equities is part of that rocket fuel belski on october 30th, i
Witch hunts in washington. All that and more on the jampacked making money. Charles markets edging higher in part to great economic data. Im sure you havent heard it today. Overall stocks moving in a pedestrian pace. Investors waiting for the next catalyst. We almost in fact pot got the catalyst from President Trump. He was on fox friends talking about the china trade deal. He said potentially were very close. Take a lessen. We have a deal potentially very close. He wants to make it much more more than i want to make it. Im not anxious to make it. Were taking in hundreds of billions of dollars in tariffs. We never took in 10 cents. Were not paying i told president xi, this cant be like an even deal. Were starting at the floor and youre already at the ceiling. Charles joining us four vision funds district tore, heather zumarriaga and. Jim ben. The vision group. Investors are saying wake me up when something happens for real. To a degree there is built in to the latest leg of the rally.
After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no