Well of course, were still waiting for more details out of d. C. , when we may see a vote steve weiss, i turn to you first. So we had this historic rally. Were trying to build on it today. Do we have something to work with here . I think we do so theres been a change in my thought process. I was actually very encouraged by the orderly selloff and not of huge magnitude on monday, not at least compared to what weve seen and mentioned that the buying last week, previously added some core positions yesterday, it went a little further than i would like to see, than any rational person would like to see, but i did add a little bit in the morning, supersized some positions. But heres how im looking at it i think weve now defined the bottom of the market sure, it could go a couple of percent lower, yes but its not going to go 20 lower, its not going to go 10 lower, nor are we going to go up in a Straight Line so the most important thing i believe about investing is being able to quantify your
Information is incorporated there. Im keeping an eye on relationships between stocks and bonds. Bonds have vastly outperformed you can see the chart in the bond mark ket index. A lot of chatter about how Pension Funds will have to rebalance out of bonds into stocks to keep ratings consistent whether yesterday was a front running of that activity or whether by the way individuals may now use it as an occasion to say my allocation is out of whack because stocks are smaller, that is something we can watch perhaps play out on over the next few days mike santoly, thank you that sets us up well for our first discussion, market panel of the day well start with market action, another volatile trading session so far good morning andrew, ill start with you, how are you advising clients right now . Especially given the fact we are coming off the dow having the best day in 80 years, but historically weve seen these moves on a singlef day basis in the midst of recessions or bear markets. Great ques
And fed week lululemon stock up more tha 50 this year. Is it getting stretched or is there more room to run and a slew of group grades on the street, its our call of the day. Halftime report starts right now. It is a big show and good to have you with us here on this thursday your Investment Committee today, joe terranova, steve weiss, jon and Pete Najarian and kristen bitterly with citi private bank. Welcome. Thank you so much to discuss. Lets start with the macro markets. The dow posting its biggest gain since early june and kind of incredibly back to within 2 of its alltime high. Joe, should we really trust this rally or is this all just algorithms and Computers Gone Wild by the way, congratulations yesterday you said the next 50 handles we dont go there, i still have a position. The president could tweet something and it turns into a loser. We dont touch that until were out of the position. No congratulations, the trades you theoretically have not made the president is staying quie
Where the stock goes from here the Investment Committee is ready to go. The Halftime Report starts right now. Welcome good to have you with us on this thursday our Investment Committee at the table, joe terranova, steve weiss, the najarian is here, megan chu with Wilmington Trust and also with us our senior economics reporter steve liesman. We begin, where else, where the story is stocks following the worst day of the year. Big concerns that the trade war is threatening to push the u. S. Economy over the edge so weve got 60 of the s p, a little more than that in correction territory. Thats 306 out of 505. What should you do in the market today . Today you should do nothing. What are you doing . Im looking to sell further on strength, and heres why. I think the situation continues to worsen and the goal line continues to be pushed out a lot of people took comfort in monday when the president tweeted about delaying some of the traffics some of the tear i was until december i actually tho
The Investment Committee is ready to go. The Halftime Report starts right now. It is great to be with you on this monday our Investment Committee today is here. We start off with what will be a big week for the fang stocks josh brown, what are you expecting here lets start off with facebook . I dont think facebook and netflix have anything common if youre long facebook dont look what went on with Netflix Facebook is a singular story the stock is telegraphing everything you need to know about how strong the quarter will be. The main concern that hang over this stock have nothing to do with fundamentals or ad rates or user rates i really think its about how bad do we think the next round of fines and or regulations will be i would point out, though, historically those things have actually been positive catalysts. It makes you upset to hear but every Time Facebook announces they settled or paid a 5 billion fine the stock adds 4 market cap the street loves when theres finality of it thats