Reports next to an international. Im max kaiser this is the kaiser report we are in rehearsal for cars report the musical. Got the congas we got the guitars i got the band i got the drummers write the song Stephen Sondheim i was going to have album out hes ill but 1 weve got some major folks involved in this project going to hit broadway oh man im excited stacy i want to talk about its a good story that relates to your congress because of course you need the congress for a you know war to beat the war drums of war exactly because what is the old saying on wall street dont fight the fed. I feel the 1st song of our musical comedy go there. To fit. Well many of our guests theyre called heterodox economists are heterodox financial analysts because they often fight the fed but my question were going to look at these headlines and my observations of some of these charts over the past decades or 2 is. What came 1st the chicken or the fed so is it the fed driving markets or is it panicked inve
Much as yesterday, of course, when it posted one of it best days since january joining us for the hour is mark tepper, founder and ceo of Strategic Wealth partners. And mark, you know, a rally like this going into year end has got to make your clients feel good but do you tell them not to expect the same thing next year . Thats absolutely the conversation were having with clients right now. I mean, it has been an awesome year markets are up about 30 all on the back of no Earnings Growth whatsoever. So its all been multiple expansion. Its all been an increase in Investor Sentiment so were telling clients right now, manage your expectations for 2020 dont expect a repeat of 2019. I think, unfortunately, a lot of Retail Investors tend to have a shortterm memory when it comes to market performance. So, its not easy. You do have to work at it. Expect good gains in 2020, but nothing like this. Lets focus in on the big stories were watching today Frank Holland is tracking the nasdaqs run to ne
I sawed this loud and clear to everybody. Rob portman back immediate up. Theres nobody more honorable than rob portman of ohio he called up, please let the money go i said rob i hate being the country thats always giving money when ukraine helps europe and the European Countries far more than they help us theyre like a wall between russia and europe. Theyre like a wall. Theyre a big, wide, beautiful wall and he said, you know what but its important in fact, he came out and he said that this was my only reason. Because i dont like being the sucker country we were the sucker country for years and years. Were not the sucker country anymore. But i gave the money because rob portman and others called me and asked. But i dont like to be the sucker and European Countries are helped far more than we are. And those countries should pay more to help ukraine ask a question. Thank you, sir. What did you want on biden . Biden and his son are stonecold crooked you know it. His son walks out with mil
Since the great recession. Is now the time to start worrying we asked this question because we said it only lasted a couple of hours, no big deal. Here we are, two weeks later it has been at, near or inverted for the past two weeks. Although. 3 back in may. Three months ago, true. Now we have all of these indicators flashing recession, recession, recession should we you should always be worried i think, but i think with worrying comes pete uses the word all the time, trading opportunities. I think thats what you have now. He said something a couple of weeks ago, stay with me, the volatility will be volatile. I agree with that. I will Say Something that ive been pretty steadfast, i think the market will bottom, s p 500, when the vix prints. I think the trend will continue to be lower for all of the reasons you mentioned. There are other reasons as well. It is not just the u. S. china trade. Quite frankly, it is not just this inverted yield curve. Other things are going on as well the ma
We stand with the markets. Stocks have bit a bit under pressure but the yield now off the session lows were off the session lows on equities as well the yields are 1. 48 s p 500 is down just fractionally small caps are getting hit the worst there. You see the russell is down by just about a percentage point. Power lunch starts right now and despite growing recession risks, jpmorgan is taking on the bears. The firm saying today that the worst could be over and calling for the market to advance as the year ends. Start with the september surge but goldman, bank of america, and nomura across the market lets get over to bob pisani with more. Bulls versus bears, an old sory, but the bears are getting more vocal in the last couple days a sudden spate of bearish notes. First, Goldman Sachs said the trade war escalation is making them judge down their gdp growth forecast for the third quarter, fourth quarter, and First Quarter of 2020. Probably the most Important Note out there right now. Bank