we have gary kaltbaum, phil blancato, cameron dawson. they're all hire. gloom and doom unbridled optimism. we have two of the best to clear up the debate. how to triple your return on a hot investment. kip herriage on a potential grand slam in small caps. my takeaway on embracing america and avoiding the fate of germany. all that and so much more on "making money". ♪. charles: all right, scientists from the very begin having always wanted perpetual motion machine, right? so i read where if you had a flywheel could spin forever with just one push under the right circumstances though. you would have to create a volume of space that's pure, no matter, no gravity, no light, no energy of any kind. then you place a perfectly balanced flywheel made of a material that has no internal energy, not even its own atoms. you balance it to the placement of individual atoms, you put it on a frictionless axle and then the initial push, all you have to do is push it one time, that one initial push it would spin forever, and ever and ever. i bring this up, a lot of people f

that brings us to our talk of the tape, we asked cameron dawson. also cnc -- cnbc contributor. if you are looking at the behavior of the market it got over bought and it is saying that way. that is usually a sign of a pretty durable rally. with stocks at record high, the economy looking okay, you have the fed not doing anything today stop thinking about rate cuts. i think it is one of those situations where is the only bare case that there is no bear case? >> right now they are not giving any reason to pause this momentum. to your point you are still seeing this chase into the market and something we are watching closely because positioning is extended but not at extremes which it means -- eventually everyone will be on the same side of the boat. >> for sure even this one day pullback, just one day and this has been the pattern for a while. it got picked up and so the buyers are getting rewarded immediately and it reminds me of the beginnings of 2013, 2017 where you had this acceptance of the bullish consensus about the markets. the market kept going even though it felt like it

that was cameron dawson who is a chief investment officer at new age wealth.timately is and how far the company is able to show that it how far the company is able to show thatitis how far the company is able to show that it is changing the culture from the top. so that is going to be the kind of test here but obviously the company felt it had to do something, it was under increasing pressure not just from the financial sector but you also saw from government officials and indeed from its customers and i think that's why you've got dave calhoun for example saying he's going to step down and he has fallen on his sword. normally we aet bi he has fallen on his sword. normally we get big changes _ he has fallen on his sword. normally we get big changes and _ he has fallen on his sword. normally we get big changes and do _ he has fallen on his sword. normally we get big changes and do feel- he has fallen on his sword. normally we get big changes and do feel the l we get big changes and do feel the trick is they have to show they are taking serious action but keepin

what is in store for this rally in the quarter ahead, let's ask cameron dawson. it's nice to see you again. so, as i said earlier it's coming down. we are going to turn the page to a new quarter. do we still have momentum to keep going? >> the market does have momentum but some of the market stocks have started to stall out a little bit. that's what you mentioned when talking about tech. they have started to lose a little bit of their momentum. the market is still able to go up because you are getting the benefit from things like energy, financials, all doing better. we are watching it really closely into the second quarter. that would be something that could be an issue for the markets. >> it could be an issue as you suggest. the broadening that we've been seeing lately, as tech has weakened, other sectors have picked up the slack. over the last month alone, technology is the seventh best performer. energy is the best. materials, financials, isn't that what we want? >> it is what we want. the important thing is that tech is still on an uptrend. it just means it

let's ask cameron dawson, inouye wealth chief investment officer. we have momentum. there is nothing you can deny about that. on the other hand the s&p 500 is 13 or 14% above its two-day average. it is looking stretch throughout these different metrics. we can go bass and say, january, february, things tend to follow through to the upside. it felt like this was the week when folks stopped fighting in started chasing. >> certainly. momentum is a beautiful thing. it is a question of, how long can it last? clearly there is also an asset of earnings. the optimism around that being that you are starting to see earnings estimates get revised higher. interestingly not for 2024, just for 2025. things are getting more back and loaded. momentum is causing this chase, causing this big rally higher. to your point, the question is, when does positioning get so extended that it cannot go any further? we are not quite at the point where we are at extremes like we saw in early 2021 or 2018, which does suggest things could go further. >> exactly! it is worth remembering, i guess, as

cameron dawson of new age wealth.s fargo expecting unemployment to hold steady at 3.7% after a very hot payrolls report back in january. that conversation up next. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. when i was your age, we never had anything like this. you've got more options twhat? wifi?w. wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. jonathan: all-time highs going into payrolls. adding weight to the rally