The majors today ahead of those key earnings tomorrow. Yields, theyre lower across the curve today. We will continue to watch that. And which takes us to the talk of the tape. With stocks trading around record highs, is it time to lean into this bull market or step a bit back . Lets ask liz ann sanders. Shes schwab chief investment analyst, joining us live. Nice to see you again. Welcome back. Thank you very much. Happy tuesday, scott. You as well. What do you think of that question . Time to lean in or maybe take a few toes out of the market . Well, we have 9 trillion of client assets. I would ask who is the client, what the structure of the portfolio, whether they are on some sort of rebalancing schedule. I think periodically rebalancing is just a beautiful exercise especially if you make a portfolio base as opposed to structuring it around the calendar, which a lot of investors do. It will force us to do a version of what we know we were suppose to, which is add low and trim high. S
Today, as well and while those big round numbers are nice and they do get attention, well talk about what they really mean. We turn to Michael Santoli for more on this historic milestone. Mike . Kelly, the more indexes make a new high when we have been rallying the better to lend credence to it. In terms of the actual round number and the 40,000 theres mental accounting involved. I do think people have a general sense of where the market is and you flip from three to four on the odometer and you notice that the markets been doing well. I dont expect this level to have any particular relevance in terms of creating a barrier that would last a long time aside from the fact that the dows up 5 in two weeks and we have had a nice sprint higher to recover those losses from the april pullback, it seems like its not necessarily something that should stand in the way of further gains or for that matter cause a flush of new money into the market. I wonder, mike, as well if people will look at thi
Can the consumer hold up the economy . Or will a Strong Economy give the fed cause to raise rates one more time . Kelly . That is the question. Lets get a check on markets, tyler. Because we changed direction once again. Perhaps because of that concern about another fed hike now. The dow is down 77. The s p 11 both quarter percent drops. The nasdaq down under more pressure down half a percent. Is it rates or the fact that the chips have been one of the weakest trades today. Share of nvidia falling after the u. S. Puts new trade restrictions on chips exported to china. Its specifically targets some of nvidias most cutting edge products. Those shares down 5 today. More on that in just a moment. And activists are getting more active. Engaged capital built a stake in the company up 13 . Down 33 for the year. Wyndham hotels says its rejecting a takeover offer from choice hotels. Wyndham saying the deal involved significant Business Risks a nond in the best interest of shareholders. Wyndham
Needs an ai moment and this will qualify and well bring you all of the headlines this hour three buckets of the health care names. This is one of them. Our guest says buy it. It has the business best model in pharma and its not eli lilly. Hes here to make his case and Michael Santoli kicks things off at the New York Stock Exchange hi, kelly we have steady indexes here which means that the s p 500 is holding on to last weeks gains and holding on to this little 5 rebound rally weve had over the prior three weeks and to me, the story of the market, this latest pace started six weeks ago at the alltime highs and that was the last trading day of the quarter and to me it was the moment of maximum confidence in the scenario and it was right after the fed sort of confirmed the expectation of three rate cuts in the dot plot about a week before. The First Quarter gdp was looking great. Earnings anticipation was running high so i think that weve had tests on both those fronts and obviously, a thi
Names like cocacola, pepsi, hit especially hard. We will focus on all of the green because thats really the story today. Nasdaq, another spot to take note of today. The outperformer as well this week. Even apple up nicely despite the midweek downgrade a strong week for alphabet and nvidia as well. Take a look at those three, having pretty good gains. Leads us to our talk of the tape. Whether the storm clouds for stocks are about to pass, as earnings season kicks off in earnest next week. Lets ask tom lee. Fund cofounder and head of research. Welcome back. Good to see you. Its been a while. Great to see you, scott. I will start calling you prescient tom. I hope you dont mind. Because this morning, at 10 23 in the morning, you said possibly this is the flush, bottom line, possibility equities reverse into the close, well, it looks like you called it, tom. What do you think about this reversal and what it means . Well, i think if we think about the data for the past week, the stagflation