Stay updated with breaking news from Ipo morgan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The day. Halftime report starts now. Welcome g good to have you with us our Investment Committee at the table today. Also with us on set today is cnbc senior economics reporter Steve Liesman in a few moments, as you heard, joined by adam bain stocks focussing on the fed. The twoday meeting underway why they expect to cut rates tomorrow the question is as we asked at the top, is it the week that sets stocks on a course for a new milestone or not its possible i want to be constructive here so if youre looking at if youre looking at technicals, you can say, okay, for the First Time Since last september, youve now got 72 of the s p 500 above the 200 day, which means more than twothirds of stocks almost 3 4 are in their own structure bull market. That happened last october i dont know how forward looking it is. It is a ....
Joining us for the hour to break down the market action, keith bliss. Good afternoon to you. Thank you very much, wilf really good to be with you snapshot of today, why are we selling off . Number one, you have low volumes coming into july you usually have the spike in june on the weekly volumes were seeing that today. Listen, you got to say the news is really washing over the markets as it relates to boeing. The downgrade we had at apple, people are getting nervous about what fed chairman powell may say and may not do at the end of the month. I think thats why youre seeing a little selloff in combination with that is we did get overbought in the dow a couple weeks ago are traders talking about the fed and whether they may not cut at the end of the month . Youre certainly seeing that in the discussions that you have with traders and investors alike. Youre not seeing it reflected in the fed funds futures yet still an overwhelming majority of people think were going to get a 25basis poin ....
It sounds, though, that youre more interested than you were even a couple of weeks or months ago when you said im considering or i wish i could think about it but i really cant. No, i wouldnt say im more interested i just think the circumstances continue to change and as things evolve, it becomes more interesting as a citizen, i become concerned. Look, where im at in my life, if i have a chance to influence policy or if i have a chance to do something good for the country, i want to try to do it. That doesnt necessarily mean i have to run for president. Theres a lot of ways to have an impact and the more in tune i many a, the more connected, the more educated i am about a variety of topics, the easier it is for me to decide. And if you ran, you would run as a democrat . No, absolutely not. As an independent potentially and id say or as a republican . Republican before democrat, most likely independent because i think a lot i think theres an incremental value for setting up an independe ....