i think the financials, that's really just -- lit ramally tied to the tenure, if the ten year goes up, i think the financials are going to start to move up to the up side and hit new highs. if they don't, if we don't see that move. >> if they're down today like they are on turkey or contagion that would be the opportunity to buy -- are they not down enough? >> i don't think they're down enough i would like to see them get hit a little harder. >> what did you do today >> opportunity netflix, i think today was an opportunity with the resignation of their cfo he's not as important as reid hastings and their chief of design there i look at it, netflix -- financials are there at the point where i continue to add financials and biotech. >> i think there was an opportunity to be cautious i think there's an opportunity to take some profit. >> i mean, let's -- we're at all time highs again, why wouldn't you take a little bit off the table at this point. the one thing i would say about the financials, we're all worried about the banks and that congress takenen, i bet you, we're not going to hav

you look at this rally, if you back it up to pre-elevenlths we saw them ramally before the election. you started to make the move. so the question is growth. nom nam growth was a hinge. it was the lynchpin really to a lot of these outside of the d.c. initiatives to a lot of the stocks. we are starting to see cracks in that foundation. >> that's the entire foundation. >> in general. you see cracks, absolutely. >> i don't know what that means. >> i think the data will show you. >> the curve is telling us something in a lot of ways, it should be reflecting there the yield curve reflects positioning. it does, people that were overly enthusiastic of rates going higher. people went so offsides. >> hold on, sub1% for the first quarter. >> the first quarter gdp? >> despite that. >> what about nick surprises? >> it's eu, u.s. like this. >> does that mean we have cracks in whatever is cracking? >> i think money will dravtate over to the eu. i think it has. so the question is, can the mark ral le without the yields going higher? i don't think they can. >> well, i'm not sure how much higher they

. >> announcer: chips have been on fire, and there's something to suggest that the ramally ain't overll tell you how to cash in. >>> plus pete is bringing the heat, serving up the pitch on one auto-related stock that's up 30% this year alone. you won't believe how high the pit boss sees it going that and more whether "fast money" returns when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. and her new mobile wedding business.tte at first, getting paid was tough... until she got quickbooks. now she sends invoices, sees when they've been viewed and-ta-dah-paid twice as fast for free. visit quickbooks-dot-com. so they called the fire, yodepartment for us.clearly, my first truck was on the scene within five minutes. i am grateful we all made it out safely

production is going to stay below $10 bucks >> i have been a bear in crude you can start to see the xle ramally off here when you look at the iwm, it's up the s&p is up 3% if you are going to make you're year, survive this year as a fund, you won't chase fang to survive. >> the way i look at this, yes, we can over simplify, people are going back into true over growth a lot of the stills have a decent growth profile. when you think of what is not happening right now. interest rates have not gone to the moon. >> we haven't gotten off the grounds. >> i know, where did they go on a relative basis i would make arguments they went to the moon. by the end of november, early december, we were at 265 on the tenure, 135 on the yield curve what people are forgetting about the course of people saying the fed could push us into recession. think about the growth and cyclical sectors, i throw that out there, i don't think enough people are looking at that. >> a couple things, the things you continue to look at, steve mentioned iwm all time high today. we talked about russell 130 forever t. transports, the all

i think you saw republicans ramally around him. they were careful in isolating the people arnold his conversation with flynn which is one sentence. it's exactly helpful to him. if you think of the approach he has, fake media, fake media. comey says the bomb still story in the campaign is wrong. so now republicans will say, look, here's evidence of fake news. there was a moment. have you as to watch it, it was amazing, steve, it was jimmy stewart, a performance unlike things we rarely see, but there was a moment where he talked about last year, he said, listen, this is comey talking, he says, i felt like clinton were trying to align their campaign with loretta lynch, the attorney general at the time. trump will say, look, they did it, i did it. so short term the markets are reacting correctly. there is nothing new to point to impeachment. the impeachment, by the way, obstruction of justice will be assigned by krong congress, controlled by congress the threshold here is way up there. so it will be really, really hard to hit that and

until that happens, can the banks ramally? that's the question. no, they can't. until the ten-year moves higher, the yield starts to move highary little bit. these banks are in a little no man's land. what would i be doing? i think there is a down side risk. however, j.p. morgan, 80 bucks. guy would say, boo i the stock aggressively. it traded i think at $200. you boo i that stock aggressively. banc of america is -- >> so they're sort of an air pocket in your view, if that is the case, guy, what does that mean for the broader market if there is that downside rick to the financials. >> if the s&p had an opportunity to sell off everything we made yesterday, it should have given back today, theoretically. and it didn't t. s&p was down 7, 8 or 9 handles. it wasn't down that much. so it could have been disastrous on the heels of a good day yesterday. and it's not. the rough patch actually closed higher on the day, slightly higher on the day, all those are good sign, earn courageing science. i'll say it again, ibm 130 t. transport's now right there. i.t. at 160. the s&

some shareholders betting on an even bigger ramally. >> another big reversal which gartman was referringk hit a 52-week low today at 1010 but it reversed very strongly and one of the trades we saw was a sale of the january 12 8 put spread 10,000 times. that's someone willing to buy a million shares of freeport as long as the stock is below 12 bucks and it was well below 12 bucks but it's rallied strongly since then. this is probably someone who sees at least 10% up side in freeport-mcmoran this coming january. >> big night full of news this hour. we'll your final check on google this hour when we come right back. stay tuned. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. no student's e

. >> i think the a & p needs to ramally. >> you like the monkey talk. >> you know what i did during the's the first thing i do when i wake up? >> i don't want to know. >> shower. >> no, everybody is a jerk. >> i did in the say anything. >> thank you, bk. from that world wide exchange rate, today they had a great interview on the squawk son the street, you should go back and listen to what he said. >> that will get you done. >> i'm mellissa lee, thank you so much for watching. see you back here .. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you but to educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. >> it's the anti-amazon rally! yep.

it's all over this market ramally t. up more than 100 points, but there is a couple of stocks that are dropping. the markets, your money, your vote. double days here in ohio we will be back with more of the power lunch, halftime report happened after this. >> the "halftime" report" is the money market interviews. >> the great china real estate bubble has not happened yet. >> i turned negative on most assets in july. >> we will be in the doldrums of low growth environment, global savings and low interest rates. >> the most profitable hour of the trading day. >> it hasn't worked. >> weekdays at noon eastern. >> vice presidential nominee tim kaine karsts his vote in richmond, this morning. he is on his way presumably to watch the returns with hillary clinton, she is having her party on the west side of manhattan, welcome back. shares of best buy are falling today after ever core ground graded it to a cell. cyclical head winds could get tougher next year. dr. foley disagreed. >> completely disagreed. from the food traffic as

. >> we have a good debate to set up because in terms of the ramally, jim says he's buying it, right? it's not buy it. it's either buy it or fade those are the two perspective imminent right now he says buy it bob pisani says the s&p above the 200 day. and he says 50 week highs are expanding. it's broadbased value and growth almost up equally. do you buy it or do you fade it? >> i mean, it all feels like a warm blanket when you're talking about it you know what, the fed is coming out next week and is the fed going to let this market continue to rally? that's what i question so, if i were trading, as a trader, which i'm not, i'm an aloe karat, but as a trader i would be fading this because i don't know if the fed is going to come out next week and say, hey, all clear, all clear, we're going to move on don't forget that paul volcker's book is in front of, apparently, jay powell's desk. they still worry about the '70s when inflation came down and then came right back up. i think with china reopening, oil's catching a bid i'm not clear the fed is going to say all clear if they don't say t

after the huge ramally yesterday, it had every reason to sell off today. it's not. it's down .2% on the day. so i wouldn't stay away from caterpillar. >> it has been a performer. >> it has been. >> that's one of the reasons it didn't get crushed. >> one of the questions you asked earlier is how about something like the whole foods? it's right on the 52-week highs. these are the names people continue to go to. starbucks, yet 75% of your exposure is in the united states, in the asian markets, there are plenty of different areas where you can go and get performance to the upside. >> let's talk about another one, if the markets are going to hit and stay at new high, one group that will probably have to participate is the banks. they have been the second best performer year-to-date. can that continue? the strategist at kbw is live in new york city. it's great to have you on. >> sure you have been listening. can the financials do as well in the second half as the first? >> that will be quite a run. another 20 plus percent. life insurance is up 40% t. bottom line is, yes,

. >> do you think, josh, the ramally as we know it sort of ranks in the balance based on what the president says? >> yeah. >> and how specific he gets tonight? >> i'm much bigger on thinking about how to look at a reaction than i am on making a prediction. so, scott, i'll tell you what the number one thing i'm hearing from people is what if he says everything the market wants him to say meaning the tax stuff is on track, the health care, they're going to be specific details coming soon, on and on and on with respect to mergers and repatriation as jon talks about the defense budget. what if he gives us everything we hope and think he's going to give us and market sells off anyway? to me that's the biggest risk because it will tell you psychology is changing. up until right now, keep in mind the stocks are actually trading in line with the president's day-to-day favorability rating which is probably not sustainable. but that's actually what's been going on since the inauguration. if that cycle breaks we might have a hiccup here. >> joe, is the market reaction right now ahead of the speech an