The question is, what is the catalyst that will get market to move higher. Were all over that. Speaker pelosi struggling to explain the holdup. I want this very much now. People need help now. No use giving them a false thing just because the president wants to put a check with his name on it in the mail. Charles okay. Well, this is not the ownly issue for democrats who are running out of the ways to try to stop the confirmation of Amy Coney Barrett. Back on the hill for another day. I will ask rnc rep Liz Harrington about her performance. Deneen borelli is with us. Her take on rapper ice cube reaching out to the trump administration. All that and so much more on making money. Charles you know it is another quiet day on the markets. The broad market, i think this is a consolidation phase, right. Big recent gains in front of record levels for the major indices. Headwinds versus tailwinds. Narratives staying with this market the last two months. More or less on hold. Leaves investors won
Government shutdown. Can congress get anything done . I will ask indiana senator mike braun. Johnson johnson is the latest vaccine to enter phase three. What it means for your portfolio. All that and so much more on making money. Charles well the market gave up early gains pretty quickly as the rally attempts continue to fade and wouldbe buyers continue to hold back. The pendulum from investors asking more questions, waiting for more answers before they buy. That means the bias remains to the downside. This includes stimulus from the Federal Reserve or congress, the future of lockdowns, those political shenanigans in our nations capitol and market valuations. The atlanta fed handicapping the third quarter, saying gdp at 32 . Lets ask our panel how this will shake out. Kaltbaum Capital Management president Fox News Contributor gary kaltbaum, katheryne rooney vera and Ladenberg Thalmann manager phil blancato. Gary, start with you first. The bias is to the downside, what turns this around
Brickandmortar names on the endangered species list. How can you invest in that comeback as well . Plus the need for law and order seems to help President Trump. The new numbers that have him in a deadheat with joe biden. Just how much keeping schools closed will hurt the economy . We have the data behind the 15 trilliondollar answers. All that and so much more on making money. Charles dave asman told you stocks are soaring after three days of step selloffs. You remember august and then the dazzling fall. We have mark tepper, phil blancato, and bull tick Capital Markets strategist, Katherine Rooney veer a i will ask everyone, but i start with you, phil. Is the worst over . No it is not. We have a lot of volatility to come. Election cycles will do that. High valuations will do that. Astrazeneca announcement put concern on the vaccine hunt. I think we blind higher and there will be fits and starts. Charles to we retest the low from yesterday or sort of volatility is here to stay. I think
More republicans fall in primaries. Well get. White house advisor Peter Navarro. All that and so much more on making money. Charles like a grizzly, out like a teddy. The shortest bear market in history was a ferocious beast with everyone heading to the hills. Many predictions of a potential doom and Nuclear Winter for stocks that would last for years. Economic data was coming in better than expected there was extreme pessimism on wall street. Meanwhile Something Different was occurring on main street. Regular folks sensed an opportunity. It wasnt just millenial traders populating robinhood. We heard fidelity added 1. 2 million new accounts, lifting assets under management north of 3 trillion. Economic data continued to fool the experts the street took aim at the individual investors. This is where many experts made their fatal flaw, by loudly predicting individual investors would lose everything, as the rebound would not quote, end well, they boxed themselves out of this rebound. Now t
Charles all right, folks, got to tell you, its strange, right . Since august 6th, this market has done a complete flipflop. The script has been flip. Coming in todays session the stocks with the biggest share prices were down the most. Those with the lowest share prices are up the most. Another way to look at it, stocks with the largest market caps have underperformed. Those with the lowest market caps have up 7 Percentage Points in comparisons. Companies with high dividend yields theyre rocking compared with those who are the lowest dividend yields. From march 6th, august 23rd, have now been underperforming the biggest laggards. To mash all this out, katheryne rooney vera along with Bahnsen Group cio, david bahnsen. Let me start with you, david, the complete flipflop, they were talking about it, there were hints it would happen. Were in the midst of that right now. It seems to be. It will be interesting to see how long it lasts. Both the energy names, high dividend names and some of t