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Feb 10, 2024
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market strategist kenny polcari on where to put your money now. he's next. ♪ hey, you should try new robitussin honey medi-soothers for long-lasting cough and sore throat relief. try new robitussin lozenges with real medicine and find your voice. you know? we really need to work on your people skills. i found a cheaper price on my meds with singlecare. did you say singlecare? i use singlecare. are we talking singlecare? i saved 40 bucks with singlecare. -that's cool. - yeah. i have all my customers check the singlecare price first. good job. whenever my customers ask me if there's a cheaper price on their meds. i always tell them about singlecare. you just search your prescription, find the best price and show your coupon, in the app, to the pharmacist. i found a cheaper price with singlecare! i know. download the singlecare app free today. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a pa
market strategist kenny polcari on where to put your money now. he's next. ♪ hey, you should try new robitussin honey medi-soothers for long-lasting cough and sore throat relief. try new robitussin lozenges with real medicine and find your voice. you know? we really need to work on your people skills. i found a cheaper price on my meds with singlecare. did you say singlecare? i use singlecare. are we talking singlecare? i saved 40 bucks with singlecare. -that's cool. - yeah. i have all my...
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Feb 11, 2024
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let's bring in slatestone wealth chief market strategist kenny polcari. markets have been incredible to watch because, obviously, it's all about the data, and that is next week with cpi and ppi and retail sales. what are you looking at? if. >> right. so, i mean, you look at all of it. actually, i think it's all going to be very important as we try to figure out what the fed is looking at, what the data is, right? remember, they're very data-dependent. and over the last couple of weeks, we've heard pneumonia numerous fedheads telling everybody, slow down, not so fast. and i think that's because they're a little bit concerned that, you know, it's not going to continue to cool at the pace or we're not going to hit the 2% target when they thought. and, look, janet yellen all but said that. she said, listen, she doesn't expect prices to come down, but she's not worried about it because supposedly wages have gone up so, therefore, it's a nonevent. cheryl: well, i mean, obviously her testimony she got pretty beat up by several there that were fighter questions a
let's bring in slatestone wealth chief market strategist kenny polcari. markets have been incredible to watch because, obviously, it's all about the data, and that is next week with cpi and ppi and retail sales. what are you looking at? if. >> right. so, i mean, you look at all of it. actually, i think it's all going to be very important as we try to figure out what the fed is looking at, what the data is, right? remember, they're very data-dependent. and over the last couple of weeks,...
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Feb 26, 2024
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liz: kenny polcari, wall street is not used to working on saturdays but when warren buffett speaks, no matter what they they will listen. per tradition the berkshire hathaway ceo release fourth-quarter earnings on saturday and the numbers were so impressive that initially the stock blasted to a record right at the open on the heels of the consumer energy and insurance conglomerate ever profit $97.1 billion. buffett says burke shire is built to last, shares reversed on news with the utility unit expects the department of justice to sue for nonpayment of cost related to a 2020 wildfire. arguably that is a blip considering burke shire has gained 103% over the past five years, did the oracle of omaha in his annual shareholder letter issue as thinly veiled warning that investors are getting too giddy and it could get dangerous. we have bill smead in the chair he's owed burke shire stock for 20 years and one of the best translators out there, what did he mean in his annual shareholder letter we can put this on the screen but he jumped out at me for whatever reasons markets now exhibit far mo
liz: kenny polcari, wall street is not used to working on saturdays but when warren buffett speaks, no matter what they they will listen. per tradition the berkshire hathaway ceo release fourth-quarter earnings on saturday and the numbers were so impressive that initially the stock blasted to a record right at the open on the heels of the consumer energy and insurance conglomerate ever profit $97.1 billion. buffett says burke shire is built to last, shares reversed on news with the utility unit...
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Feb 16, 2024
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kenny polcari. inflation is accelerating, it's hot.ee how the federal reserve can cut rates anytime soon. what say you? >> they can't, and we've been talking about that. quite honestly, i actually think because the fed narrative has been very clear, they're been pushing back on this rate cut narrative and i think because they were well aware that we were going to start to see these upticks in cpi and ppi this month because they've all come out, they've all said, yeah, well, we'd like to see lower rates, we're in no rush are. so everybody back off from that immediate rate cut story, multiple rate cut stories which was really illogical to me, and you and i have talked about this. now i don't think the fed cuts rates at all this year. if we're are lucky, maybe november and december, but certainly not before. stuart: so the markets are going to back off their all-time highs on the dow and s&p. they're going to back off no matter what, right, kenny? >> well, they'll back off like they did on tuesday when they had a complete, you know, nervo
kenny polcari. inflation is accelerating, it's hot.ee how the federal reserve can cut rates anytime soon. what say you? >> they can't, and we've been talking about that. quite honestly, i actually think because the fed narrative has been very clear, they're been pushing back on this rate cut narrative and i think because they were well aware that we were going to start to see these upticks in cpi and ppi this month because they've all come out, they've all said, yeah, well, we'd like to...
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Feb 19, 2024
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lauren: we all unite, everyone can unite around one theory that inflation is killing us, kenny polcari. scott shellady, thank you for the time. all this week fox business is talking to the top players in the housing market of how to find him hidden gems were the hottest markets are and how to circumvent high mortgage rates and high rent prices. at next will talk to real estate dynamic duo dolly in jenny lens and what is a very hundred $55 million ruling against former president donald trump mean for his real estate empire and for the business of real estate in the empire state we have a live report next. "claman countdown" coming right back. ♪ new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients. (ella) fashion moves fast. (jen) so we partner with verizon to take our operations to the next level. (marquis) with a custom private 5g network. (ella) we get more control of production, efficiencies, and greater agility. (jen) that's enterprise intelligence. (vo) it's your vision, it's
lauren: we all unite, everyone can unite around one theory that inflation is killing us, kenny polcari. scott shellady, thank you for the time. all this week fox business is talking to the top players in the housing market of how to find him hidden gems were the hottest markets are and how to circumvent high mortgage rates and high rent prices. at next will talk to real estate dynamic duo dolly in jenny lens and what is a very hundred $55 million ruling against former president donald trump...
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polcari.ny, the taper tantrum, rather, the most famous one was in 2013. this is ironic what happened we saw bond yields explode as wall street dumped bonds in defiance they were so upset at yay powell but bond yields are going down right now. so i'm not sure what's happening right now, this reaction to yesterday? >> they still think for some reason that jay powell is not telling the truth. that march is still on the table and that we're going to get a rate cut you know in four weeks and i'm not so sure that i agree with that at all. in fact i'm in the camp that's not happening. i don't think it is happening in may because the data doesn't support it, right? unless we go completely off the edge in tomorrow's book. look, goldman is looking for 250,000 jobs tomorrow versus the estimate of 1890 i think, right? if that happens there is no way we're getting a rate cut in march. there's no way. whether or not it happens anyway i still don't think we're getting a rate cut but they still want to push t
polcari.ny, the taper tantrum, rather, the most famous one was in 2013. this is ironic what happened we saw bond yields explode as wall street dumped bonds in defiance they were so upset at yay powell but bond yields are going down right now. so i'm not sure what's happening right now, this reaction to yesterday? >> they still think for some reason that jay powell is not telling the truth. that march is still on the table and that we're going to get a rate cut you know in four weeks and...
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Feb 29, 2024
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want to bring in slatestone wealth chief strategist, kenny polcari.enny, what kind of a pullback are we talking about here and what would spark it? it feels like this one of those things, sort of a object in motion stays in motion until something big changes it, right? >> right. and we didn't get that big thing changing today, right? pc came in right in line what was expected. i thought maybe if that surprised and was stronger that would have been one of the catalysts could have gotten us moving lower. that didn't happen. you see what the market is doing, it is kind of doing nothing, it is expecting exactly what it heard. what potentially could cause it is more commentary coming out of the fed they will keep pushing back the rate cuts then i think you see the market back up. i don't think it will crash, charles, at all. i think it will readjust. i said in my note we see money moving out of tech which has been stretched moving into industrials, basic materials. i put list of names in my note trading at their highs. american express, ge, home depot, sim
want to bring in slatestone wealth chief strategist, kenny polcari.enny, what kind of a pullback are we talking about here and what would spark it? it feels like this one of those things, sort of a object in motion stays in motion until something big changes it, right? >> right. and we didn't get that big thing changing today, right? pc came in right in line what was expected. i thought maybe if that surprised and was stronger that would have been one of the catalysts could have gotten us...
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Feb 15, 2024
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i am joined by chief market strategist kenny polcari as his big-money show cohost taylor riggs. want to go to you first in our studio. folks are spending, very often it's money they don't have. should that be a concern? >> it's hard when you see credit card balances with higher interest rates. rates not going down, you can see mortgage rates still alive. it's a problem. think about trying get to encourage that budget on a personal level, cannot balance the budget on a federal level, i'm really highlighting concerns with debt and deficits. and looking at the health of the consumer if it turns a little bit. david: we are in the middle of earnings season, 80% of companies are reporting get beat expectations. they lower expectations, very often they lower expectations and win. looks good for the stock but what do you think of the debt issue. they might get worried and put credit card back in their pocket. >> they are, and in the economy, and spending, and turned the economy. they are concerned about their job or what the outlook looks like, it doesn't seem to be a problem. david: 68
i am joined by chief market strategist kenny polcari as his big-money show cohost taylor riggs. want to go to you first in our studio. folks are spending, very often it's money they don't have. should that be a concern? >> it's hard when you see credit card balances with higher interest rates. rates not going down, you can see mortgage rates still alive. it's a problem. think about trying get to encourage that budget on a personal level, cannot balance the budget on a federal level, i'm...
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Feb 16, 2024
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market watcher kenny polcari was on the show earlier saying today's numbers mean rate cuts are off the table for the entire year. you are financial, what do you think? lauren: i thought the market got way ahead of its skis with the rate cuts it was expecting, 5 or 6 for this year. i think that's crazy, this inflation situation is not under control yet, these were the risks we've been warning about on our show. we were giving people the heads up, you can see energy prices increase, food prices go up, shelter remains to be a problem. these are volatile things and the fed has told us they have not solved the problem, they need to get to 2% and at 3. one% on cpi they are still far away, that's the hardest increment to bring down. take the most energy. stuart: are there any cracks appearing in the economy? >> there are cracks in the economy as you see these headlines about layoffs, 1600 jobs at nike was the latest one. i start to look at this and say to myself people are losing their jobs, 2 million people had to lose their jobs. it's coming like a trickle effect and that is why i think the
market watcher kenny polcari was on the show earlier saying today's numbers mean rate cuts are off the table for the entire year. you are financial, what do you think? lauren: i thought the market got way ahead of its skis with the rate cuts it was expecting, 5 or 6 for this year. i think that's crazy, this inflation situation is not under control yet, these were the risks we've been warning about on our show. we were giving people the heads up, you can see energy prices increase, food prices...
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Feb 12, 2024
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polcari. five weeks ago an investor began to think i'm going to go into cash, the gains are making me nervous. they missed five winning weeks for the majors, what signs do you see that it continues or starts to slow down? >> it feels like i was one of those guys that thought it was topping two or three weeks ago but continue to push ahead i did not panic over it. but it feels really choppy right about now. i think to your point which we rallied this morning and failed on the nasdaq, maybe they're starting to be a little bit of exhaustion. it doesn't mean it's time to get out or sell everything. i just think you have to be aware that after the dramatic move up 22% since october low that people should not be surprised to see a pullback. i wanted it to pull back. liz: i think some people believe when you pull back is a pause that refreshes. were looking tomorrow at a huge number that will be released. that will be the january cpi, consumer price index really important inflation number that the fe
polcari. five weeks ago an investor began to think i'm going to go into cash, the gains are making me nervous. they missed five winning weeks for the majors, what signs do you see that it continues or starts to slow down? >> it feels like i was one of those guys that thought it was topping two or three weeks ago but continue to push ahead i did not panic over it. but it feels really choppy right about now. i think to your point which we rallied this morning and failed on the nasdaq, maybe...
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kenny poll kenny polcari joins us this morning.ight, kenny, i've9 bot to ask a political question here. is there any connection between a president in cognitive decline and the performance of the market? >> no, i don't think so at all. look, this market has done nothing but advance. the cognitive decline, the conversation about joe biden's health, that's been ongoing for five, six, seven, eight a, ten months, and the market has completely ignored it. that kind of a subject is not going to affect stocks. it might affect the mood of the country and people feel bad, whatever, but it's not going to twine the direction for stocks. stuart stuart would president kamala harris affect the stock market? >> that would be a whole other conversation. stuart: yes, it would. >> it would, yeah. i think the market would that take a hit, honestly. i think part of the reason we've seen the market rally is because the market's assuming we're going to get a trump presidency again and republicans are boeing to take control. i think if something happened
kenny poll kenny polcari joins us this morning.ight, kenny, i've9 bot to ask a political question here. is there any connection between a president in cognitive decline and the performance of the market? >> no, i don't think so at all. look, this market has done nothing but advance. the cognitive decline, the conversation about joe biden's health, that's been ongoing for five, six, seven, eight a, ten months, and the market has completely ignored it. that kind of a subject is not going to...
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Feb 16, 2024
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jonathan, kenny polcari was on this program earlier today, and he said, look, today's hotter than expectedtion report means all rate cuts are off the table this year. what do you say? >> yeah. i think rates are actually going up, stuart. the 10-year's up about 6% in just the last month. and although stocks have been strong, all-time highs tends to beget all-time highs, higher rates are particularly bad for tech stocks and particularly bad for a.i. i mean, look, stuart, i'm not a bear, but this a.i. trend has gone parabolic. nvidia's up 50 percent this year. palantir is up 52% just this year, and super micro computer, oh, i don't know, 210% just this year. it reminds me of the cannabis craze from five years ago. every day we were talking about cannabis, cannabis. those stocks crashed dramatically, you know, not predicting a crash for high-tech, but i think it's time to avoid these a.i. names that have come too far too fast. stuart: bitcoin has been surging. we're looking at about $52,000 at the moment almost exactly. i can never if remember your position on bitcoin. >> i don't get it! stuar
jonathan, kenny polcari was on this program earlier today, and he said, look, today's hotter than expectedtion report means all rate cuts are off the table this year. what do you say? >> yeah. i think rates are actually going up, stuart. the 10-year's up about 6% in just the last month. and although stocks have been strong, all-time highs tends to beget all-time highs, higher rates are particularly bad for tech stocks and particularly bad for a.i. i mean, look, stuart, i'm not a bear, but...
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we said no one could know more about this slatestone chief market wealth strategist, kenny polcari. know you had some exposure to a.i., we talked in the last couple years, how surprised of you, the current leg of the rally is mind-boggling? >> it is mind-boggling. i guess i'm surprised with every report you get the reaction in the market becomes more exaggerated right? so it is amazing to watch. what happened to arm today, look what happened to sm cia couple weeks ago, look what's happened to all these stocks that are in that space, it's just been nuts. on the one hand if you're an investor and you own those names you're loving every single minute of it, but you have to start to ask yourself does this really feel out of control yet? charles: right right. >> or not? at what point do you no longer chase it, it has to catch up with itself. charles: to your point i had subscribers in arm this morning. i have high-risk subscribers. i had them in arm this morning i had them in smci two weeks ago. the mistake i made getting out of the stock too early. i think about the smartest person whoe
we said no one could know more about this slatestone chief market wealth strategist, kenny polcari. know you had some exposure to a.i., we talked in the last couple years, how surprised of you, the current leg of the rally is mind-boggling? >> it is mind-boggling. i guess i'm surprised with every report you get the reaction in the market becomes more exaggerated right? so it is amazing to watch. what happened to arm today, look what happened to sm cia couple weeks ago, look what's...
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let's bring in kenny polcari. i'm going to have to start with the jobs report.should we read into this? if what are your thoughts? >> listen, today was a blow blow outnumber. they raised november, they raised december, so there's no way -- you can kiss a march rate cut good with bye, a may rate a cut good-bye with. unemployment goes lore, and i think you have to dig through it. i haven't had a chance to actually go through the whole thing, but on the face of it, it's a very strong report. and the two upgrades from the month before in november and december only add to that strong, robust story which does not scream for jay powell to cut rates at all. ashley: and the markets reacting to that with the dow down 142 in the premarket. kenny, i have to talk about the big tech names. you said that big tech led us down, then they led us higher or. where does big tech go from here? clearly, some amazing numbers, met the in plamplet did you buy at all on the dips? >> so is, listen, i don't with own meta, i never owned meta. i just don't like facebook, so that was a miss fo
let's bring in kenny polcari. i'm going to have to start with the jobs report.should we read into this? if what are your thoughts? >> listen, today was a blow blow outnumber. they raised november, they raised december, so there's no way -- you can kiss a march rate cut good with bye, a may rate a cut good-bye with. unemployment goes lore, and i think you have to dig through it. i haven't had a chance to actually go through the whole thing, but on the face of it, it's a very strong report....