People to look at the market, maybe for the first time in quite some time. So if nothing else, it gets peoples eyeballs on the market. To answer your question, i still think there are sectors. And health care has been underloved for a number of Different Reasons, all of which make sense. But also on valuation, a lot of big cap phrma makes sense here. And i believe the technology which is under some pressure over the last couple weeks is now coming back with a vengeance and i do think there is some opportunities there, as well. Dan, where do you fall on this . Large cap phrma is probably a good spot. They got an initial pop right after the election and gave a lot back there. If youre looking for the yield, looking for a bit of defensiveness. There is a lot of political stuff wrapped in there, but also decent valuation. That suppospace looks interesti me. Im scared of health care, pete. Tell me why i shouldnt be scared of heart attack. The political winds are against it. Its been cheap f
Wrong with the chinese markets. The point is and it might just be the thing that takes out the rally. Well tell you how to protect your portfolio. Heres what shares of bank of america have done. If youre worried that the run is done, well show you how to protect yourself. The action begins right now. All right. And welcome. We do have a sledgehammer of a show tonight. Lets get right to it. Because chinas stock market is falling. The china etf, the fxi, falling to its lowest level ins early august. This as the countrys bond market basically crumbles. No other way to put it. Is china the biggest threat to this epic rally we have been on . Lets get in the money. Dan. It could be. If you look back to 2015, we sue a huge rampup from the 2013 lows, up 2 and then crashed. The lows this year down about 50 . And when you think back to that period of time, the summer of 2015, major palpitations in our markets and then again early this year, january and february, there was a lot of concerns about
Finerman and bonawyn eison. The financial names closing out a strong week with another game today in this holiday short week. Take a look at some of the moves in these financials. J. P. Morgan leading the pack. Wells fargo, bank of america, citigroup, with a 4 percent gain. Yields on the two year today, hitting their highest levels since november 2007, but is the rally in financials too good to be true . Karen, i know you will say no. I feel like it is still a nightmare. They were much higher earlier in the year. Obviously, i like the banks through good and bad. I have been long on the banks. I think it is a nice bounce. I wish there was one more trading day to the week. I still think the evaluations are really compelling here. The bear case for the Money Center Banks is that all of their Investment Banking business and Capital Markets business is down. All that is true. Remember, half their business is net interest, right . That is really doing well. We always look at the two year, 10
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