buying equipment. if they get a trade deal people it, but will president obama begin to actively campaign for joe biden now and could that are going to be buying equipment turn the tide? , manufacturing is going to go up against we re going to have a boom. first of all i think it s a we will have a boom and horrendous mistake on the part that s one of the many things the president has in its pocket. of the democrats to beat up on if he can find a deal look at, president obama who remains for democrats the most popular even democrats before he was figure in the party bar none and elected were saying we need to deal with the chinese, on that s why we saw them beat up on him during the debate stage intellectual property, he could say if he successfully completes and the next day start to walk it back recognizing what they it that he has done what presidents weren t able to do had done. i do think president obama is beforehand. he also has other things in his going to hold back on any
at best we get one in the fourth quarter. they ll disappoint the market in june and not do a rate cut. charles: all right. gary b., we ve been talking about these things in the headlines, whether they re tariffs or china. it s going to be refreshing to get back too old school market that is sort of relying on earnings forecasts and things like that. if that is the case in the second half of the year, how does that change the dynamics of this? well, you know, i think you re right. how long has it been since we focused on earnings? since you and i were in great school it seems, charles. i think it s all going to depend on the china tariffs. i don t think the tariffs have that much an effected on our total gdp. there was an article in the wall street journal that individual companies are negotiating directly with china to get around the tariffs. that being said, i think you will see in the outlook that it
strong. if we do get a dip, i m going to continue to buy them. we had a dip in may. it was one of the worst in a long time and followed by the best june. the best june in 80 years. so the volatility might be back to gary s point, feels like investors are grappling with the reason for the market to go higher. yes, here s the one thing with the market, which is why i think people can be bullish for the rest of the year, is there s not that euphoric state at this particular time. you re not seeing that euphoric moment with investors. there s down side in the short term because of the fed. i don t think they ll reduce rates. the inversion of the yield curve may have people spooked. i believe buying the dip is the play for 2019. i believe we will finish higher than where we are right now. charles: no interest rate cuts for you, right, eddie? i m sorry? charles: you re say nothing rate cuts the rest of the year?
buy. for people that are not as nimble as you and daniel, would it be worth holding since you expect the market to subsequently rally? we break out these levels that danielle described. get a true break-out. it can really take on a life of its own, couldn t it? really can. when you re in these late cycles, it s not abnormal to see these surges happen. investors out there, i would say, if your overweight on exties, it never hurts to take some off the table when you ve had a fantastic start in anticipation of volatility. i think you may have some possible brighter entry points at some point in time after we get the next earnings reports. charles: we ll see. eddie, danielle, gary b., happy fourth. talk to you soon. happy fourth to you as well. charles: and from your money to the money rates of 2020, we have an update of who has the momentum right now. what it means for the campaign.
charles: stocks taking off in the first half of the year with president trump sounding more upbeat on the china trade talks. investors betting the fed will cut interest rates. will good times roll? let s ask our experts. gary b., i don t think anyone thinks we can match the first half of the year, but maybe we still continue to move higher. we could move slightly higher, i suppose. look, it s a dichotomy. we ve risen almost 27% from the lows very late in 2018. are we going to tack on another 27%? that would be the greatest year ever. that would be in the head winds of economically we re a little bit flat. retail is flat at best.