Weak in the session. Joining us is josh brown welcome back. Good to be here are you also in celebration mode after jay powell . Im also in celebration mode. We got all but a promise of a rate cut i think in july. Theyre going to do it. I said earlier, he foamed the runway for what ithink the market knew he was going to do the thing is, i dont think its necessary, but i also dont think its harmful a 25 basis point rate cut most likely, the best example of Something Like this, that i can think of from recent history is 1995 you had a new alltime high in the stock market the day they did the cut, but it was a single cut. And a lot of the reason for that, they had done a surprise rate hike in 1994, which kind of crushed the bond market, people were shocked i think what the 1995 single cut was about was taking some of the pressure off from that, maybe also like a mea culpa, we didnt need to do that that maybe thats what this is most like, and it would be likely we make a new stock market hi
Break a fiveweek win streak one name that is moving higher, though, is nvidia, up again in the premarket after adding more than 200 billion in valuation following that big earnings beat elon musk reversing his stance on chinese ev tariffs, now saying he opposes the u. S. Moves on those autos lets begin with the markets after the selloff yesterday, jim. Lot of things you could point to pmis some concerns about commercial real estate. Well, im glad you point out the second one, because whats happened is that weve got this feeling that the reason why the commercial real estate is worrisome is because theyre not cutting. Its kind of a chicken and egg thing. Yesterday was jarring. Here we go again durables, a little too strong. If i were jensen huang, i would say, darn it, i would have been up a hundred notthat he eve looks. Hes a pretty confident fellow but that stock would have been really huge and carried a lot of other stocks, but because the bonds Interest Rates went up so much, everyt
The majors today ahead of those key earnings tomorrow. Yields, theyre lower across the curve today. We will continue to watch that. And which takes us to the talk of the tape. With stocks trading around record highs, is it time to lean into this bull market or step a bit back . Lets ask liz ann sanders. Shes schwab chief investment analyst, joining us live. Nice to see you again. Welcome back. Thank you very much. Happy tuesday, scott. You as well. What do you think of that question . Time to lean in or maybe take a few toes out of the market . Well, we have 9 trillion of client assets. I would ask who is the client, what the structure of the portfolio, whether they are on some sort of rebalancing schedule. I think periodically rebalancing is just a beautiful exercise especially if you make a portfolio base as opposed to structuring it around the calendar, which a lot of investors do. It will force us to do a version of what we know we were suppose to, which is add low and trim high. S
Lunch house road trip. Five cities in five days. Are home prices still through the roof . What does a Million Dollar budget get you in the markets we are looking at . Well find out. Thats always a fun question to answer. Maybe now more than ever. A mixed day to kick things off in the last trading week of september. The dow is trying and right now succeeding to avoid a fifth straight down day. We erased earlier declines. Up 12 on the s p 500. Up 43 on the nasdaq. The s p and nasdaq are coming off a threeweek losing streak and pacing for the worst month since december. Dozens of names are also hitting the new 52week low list. Were talking target, dollar tree, dollar general. Dg, dollar general, hitting the lowest level since january of 2019. Alaska air and southwest have been part of a challenge for the airlines. They are both back to 2020 lows. We begin with that tentative Labor Agreement between hollywood writers and the studios that could end the ongoing Writers Strike thats lasted ne
Plus, strike watch. Hollywood reaching a deal with writers while the auto walkout enters its second week. Ford says significant gaps still remain, and amazons ai move investing some 4 billion in a chatgpt rival. Lets begin though with a new market week. After four days of losses, mike, and we lost the 100day moving average on s p. Yeah. New market week. You have the tenyear up 4. 5 . We closed pretty close to the lows on friday, and now i think its become the debate point is we expected we would have some seasonal weakness. We came into august overbought and overlogged and everybody embracing the soft landing scenario. Now we have had a little bit of correc corrective mindset to that. How deep we have to go is a question of terms of trying to account for the rates and why theyre there. I wasnt necessarily that alarmed at the specific changes the fed made where they took away two cuts from next year and essentially higher for longer and they have been saying for a very long time, you. T