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Transcripts For CNBC Closing 20240704

Tesla shares are falling again after the analyst at wells fargo say it is time o sell the stock. U. S. Steel cratering midday on news President Joe Biden will soon express his concern over its planned transaction with japans we will keep our eyes on u. S. Steel as well. The changing makeup of the market and the stock likely to lead the next leg higher if in fact one happens. Lets ask josh brent, cofounder and ceo of he with me at post nine. The moves you have made in the market of late and a commentary you have given me lately suggests that momentum is a place that you want to avoid right now. And you are looking elsewhere. The way i would phrase that is former momentum. The tricky thing about momentum, you have to measure it on a specific timeframe and you have to do that consistently. It is easier for me because i do not have to do that. I am not running rulesbased momentum etf for example. We have a lot of Big Technology names that were momentum and now i would consider to be former

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