Its now been 53 days since the president announced the phase one deal with china was agreed and just waiting to be inked thats 53 days and counting. Joining us for the full first hour of the show, Wealth Management ceo josh, did i pronounce it correctly nailed it todayly rsi, people toss around these terms, overbought, oversold they use them qualitatively. The market went up a lot its overbought. Theres a technical definition to things like being overbought. By any stretch of any way you want to look at it, we were overbought on something called rsi. S p 500 we hit 75, the most overbought weve been technically since january of 2018 and we know what happened after that a very swift 17 selloff. So its not shocking that you have big down 400point day in the dow. The big takeaway for me, to answer your question, is the biggest mistake you can make is go to these extremes of bullishness, bearishness, based on each days action today is the mirror image of yesterday, total reverse tomorrow co
But i do need to benefit from the aftermath of the war on drugs. Thank you. [applause] good morning, my name is rami. I am an equity applicant. The citys concern for this piece of clean up legislation is in vain until funds are dispersed from the Community Investment fund through the office of cannabis for the purposes of workforce development, commercial real estate, and investment funding. Thank you. Thank you. If there are any other members of the public that would like to speak, please line up so we can go one right after the other. Thank you. Next speaker. Good morning supervisorser terrance allen, served as your three year chair of the Cannabis Legalization Task force. Ive been taking time to build my own equity business in the castro. I come before you because there are three legs that youre hearing the Community Speak of. One is the need to release and invest in the equity programs that you all established so carefully. The second is one that i thought i would never stand in fr
Made an offer to buy the company. Josh brown, Wealth Management. Josh, great to see you today. Whats going on s p and dow basically hugging the flat line right now, taking a breather, i guess you could say, from the record run we saw earlier this week. I think you nailed it thats exactly what i see going on indices are stalling out given the runup, i dont think, should be a huge surprise. Rates are higher, which is interesting. Lot of the big winners of the year, like iyr, xlu. Anything rate sensitive also taking a breather. Xlf is falling out, the financials indexing etf got above a 70 rsi for the first time in i cant remember how long thats an overbought index when was the last time we were talking about the banks being overbought you have this confluence of things its perfectly natural keep in mind the big picture caterpillar, the whole industrials xli, etf, all hit new 52week highs yesterday. Honeywell, new highs these are things that do not happen in the context of a bear market o
It under Whose Authority do you think mr giuliani was acting under congresswoman i dont know. Did the ukraine caney and fishes you spoke to understand that mr giuliani was telling them to investigate Vice President bidens son and debunk the 2016 conspiracy theories im sorry consider going to do you think that the ukrainian officials that you spoke to understood the underlining meaning of. Mr giulianis advances to be both investigating the bidens as well as debunking the 2016 conspiracy theories yes i think to be clear i think youre referring to. Debunking that it was a russian interference actually now was somehow implicating themselves or was ukraine interference or not exactly now was this official us Foreign Policy to push for investigation into the bind. It was not part of any process by participate or not miss williams do you agree that pressing these 2 investigations was inconsistent with official u. S. Ukraine policy obviously anticorruption reforms as a big part of our policy i
Colonel. Again just for the record when did you 1st learn this Security Assistance was being with home on or about july 3rd. And what exactly had you learned from the state department i believe that prompted you to draft the notice on july 3rd i so on or about july 3rd i became aware of inquiries into. Security assistance funding in general there are 2 typical parts state department and d. O. D. And i believe it was around that day that o. M. B. Put a hold on congressional notification and you had any earlier indications that this might be the case prior to that there were there were some general inquiries on how the funds were being spent things of that nature Nothing Specific but no no hold d certainly well where anyone in the National Security community who supported withholding the aid know no one from the nationals security none no one from the state department correct no one from the department of defense correct and anyone into your understanding raise the look galatea withholdi