he is the always bullish brian belski. welcome back. be buying this dip. which stocks are you buying this christmas in august? >> well, stuart, it's amazing to be back. thank you for having us. my theme in 2024 was own a bit of everything, maintain tech positions, overweight the consumer staples tech, meaning your netflix, googles, amazons, apples, nvidias, microsofts. but also drifting a bit lower in tech to names like oracle and amd and broadcom and qualcomm, but i think what people are missing is in five years we're kicking ourselves that we weren't buying this dramatic pullback and it's own a bit of everything and good old fashion stock picking with the overall theme quite frankly of normalization and loudly on monday, this was a normal pullback in august very volatile and negative friday, a lot of fear over the weekend and a monday selloff that made the bottom. the bottom is in place and not going straight up but you have to be very did i have gent in stock picking for the -- diligent for the stock picking for the year. stuart: s&p

the church of the ascension of the lord in belsky ust is a unique example of st.ersburg architecture of that time. for many years it was abandoned. it literally split into two parts. a crack went through the altar dome, the soil under the foundation was washed away. now the foundations and walls are strengthened, the roof and dome have been restored, the inside of the temple is decorated with several hundred linden rosettes with plant ornaments, each of which was taken out of the caisson by restorers to put in order. from the ruins, the church of the ascension rose almost in its original form. arseny, thank you, good broadcast. the big news continues with viewers of moscow and the region. see you in a few seconds. in the west of moscow, a heavy downpour flooded several streets at once. cars were damaged, which turned into drifting ships. traffic even had to be temporarily blocked when the tropical rains retreat from the capital. alexandra bystritskaya saw the consequences of the super-intensive precipitation. of course, i want ...

there've been a number of us by benjamin appelbaum, robert scott belsky, angus had a recent book and it seems to me your book is in this tradition of economists taking a step back and saying the way that economists have been thinking about these things has been wrong. we need to expand the factors that we take into account. >> that's right. the way that i put it and the way that others are looking at it is wrong. [laughter] actually, there has been a movement f now for some time to try to expandd that vision. i think the awareness that we have to live within our boundaries has been aa big push in that direction. when i was a member on the council of economic advisers, i started an initiative in the department of commerce to try to develop a green gdp to try to bring in a resource depletion and environmental degradation and we knewso we were on to something important when congress threatened to take away all of our money to do this. [laughter] so, we realized we were not just weeks but we were doing something significant. a little bit later, the president of france asked me to cochair

chief investment strategist brian belski, s&p target 5600.you know, you are -- our viewers know you've been bullish typically, often right, why do you continue to feel that way? >> thanks so much for having us. a microcosm to what's going on in society. we want to react first. it's kind of fire aim ready. i think about the talking heads when they say same as it ever was. i have the good fortune of doing this business for a long time, my 35th year, and i remember august of 1990, when iraq invaded evacuate and my boss tett thought we were going into a recession and six months later the market was rallying again. the '90s david when i was on your network for the first time in '97, '98, '99, wa2000, 2001, five straight years the market was down. this is pretty normal and part of a broader trend we've talked about now for several months, that the markets in jen really heading into normalization. now we said nine months ago, in our report, for 2024, that the average correction during the second year of a bull market is 9.4%. we've been waiting for

bmo capital markets chief investment strategist brian belski.hat is the title of your note out a couple days. using quality to combat uncertainty. let's get into this brian. what do you mean here? these are some of your main bullet points here. why is it so important for this particular period of time? >> thanks for having us. cool to be on the wall. i agree with kip 100%. people are chasing momentum. the cool thing he said in the prior segment dovetails what we're saying there, seven days we're back to normal on the vix? i don't think that is real. charles: that is amazing. >> especially august, september are traditionally very volatile months. jackson hole i think will be really important because he has to talk about the dual mandate, the dual mandate and i don't think people really understand that. we think periods of volatility will continue. you want to be a high quality investor? what a h is high quality investor? quality in terms of b-plus rating on stock side. bbb negative or higher in debt. this is important part. derivation of earnings

the church of the ascension of the lord in belsky ust is a rare example of st.urg architecture for these parts. the work has been going on for more than 15 years, with breaks to search for investors. marina mikhailova will tell you what has been done during this time. their a total of 600 linden rosettes of various sizes with plant ornaments. they were mounted in a square-shaped recess of the huge caisson dome of the church of the ascension of the lord in belskoye ustye. the delicate pink color was determined by the very first paint layer, exposed under layers of plaster. the restorers took each rosette out of the caisson to tidy up one of the few surviving elements, some of which were not rich in decor of the temple, built in the neoclassical style with elements of the early. it was first dismantling these rosettes, it was interesting and the desire to do this work, i would like everything to be finished beautifully, so that the soul rejoices. archival footage 11 years ago, the temple literally split into two parts, a crack went through the altar dome from east

introduced and performed, there was such a ballad, then there was the number kala-kala staged by igormich belsky was a reason for... sees where rivers used to run, gone with the cold wind that swept into my heart, gone with the lovers who let their dreams depart, where are the green fields that we? during a tour in paris, pieha heard a very beautiful song. it turned out that in the us it was sung by different groups, but few knew that it was an old scottish ballad, green fields. pieha and bronevitsky showed the melody to robert rozhdestvensky, he immediately wrote the lyrics, and that's how our childhood city was born. this is a quiet city, like a sleepyhead, languidly carried chest-deep in a slow speech, water like glass, where is this city, where it's warm. at closed party meetings, stories about how he sent diamonds in his mother's coffin to israel, this too, well, these are, apparently, rumors that were spread purposefully, this was done, the state security committee did it, in order to reduce the level of adoration and, so to speak, to throw off this authority, like... also why i know this,

. >> brian belski, i don't think your view is all that different. >> scott, thank rho having on us on, we like to remind investors that september is the worst month of the year. when we have a volume tiff third quarter, we typically have a double-digit gain in the fourth quarter. i'm with stephanie. i'm doubtful at three cuts. i really am. number two, we are one macco data point from the market being down again. we are in a very, very reactionary time of market. so we think the likelihood could be quite positive from our larger perspective. stocks are at higher levels, and the bull market continues, but we think we'll see volatility first. >> stocks at rosh highs have nothing to do at all with the fact that inflation is coming down, right? and they need to get their rate, which is way too restrictive, they have admitted that themselves, back towards whatever normal is. it has nothing to do at all with where stocks are at the present time. >> remember, the storm is part of the leading indicators. the more that powell talks about the dual mandate, i more he will sounds more and more haw

masterpiece under a neutral fralgan, well, it would be a masterpiece, but still with our taste, with our belskyople, i talk about our belarus, i always show our photographs of our country, i have such a book, uh, olmonakh of our photographs of belarus, where our forests, fields, yes, well, ours, here is our native side and everyone, everyone is extremely interested, everyone is interested. and what the president did - without visas for europeans, this is a big plus, that is, we are a little fed up, this is beauty and we don’t see it, we don’t see it, living in minsk we don’t see it, i suggest everyone just go to the regions, just eat it from m1, or somewhere else drive down the small path under it, look how quickly, slowly, take your time and look, you need to look around and you will understand that... here is our homeland, it is here, but how is our flag perceived now in europe? ok, normal, i’ve never had a problem with this, even this year i’m taking a small group of our farmers to the global festival taramadar, madzemlya in turin in september, and we will stand under our flag and we’re taki

the data that's likely to get worse before it gets better, so as much as i like brian belski or diane'sptimism, i agree with it in the intermediate term, it's too early to put the cash to work that i've been suggesting now for several months. i think there's more pain -- in other words, that is going to to get worse before it gets better. charles: yeah. well,, you know what? sometimes cash is king not for the yield, just because if it's not dropping 5-10 president. >> right. stuart: you've been fantastic. we've run out of time. want to try to the get you back as we get this data in because i agree with you. i've within saying this -- i'm not an economist, but i look at the data, at main street, at wall street, and to me, i just never understood the overwhelming confidence that everything is hunky dory when so much is artificial. $3 trillion in stimiss and all that kind of stuff. i don't know how you could consider coming out of that period to a normalization period without any major hiccups. talk to you again soon, barry. thanks a lot. >> all right, charles. thanks. charles: all right,

spines, eerie, 202-4000, the medium o, and denny oma in the rings, as well as the experience rope 11 belsky is talking to his 2nd link title. with the kaplan club of the waking comp in the morning. come, i don't have any pain and those 2 tires and i just have this kind of mind like i have to go to the training. so i'm still seeing that i am in the good position physically, even that time in the next small, next to 2 weeks. i will be 36 years old. i want to win the titles of buffalo. nice like the goals for this is on time. the main mindset also to tween to tie that is because when i sold that to you on ego or like the super cup when i saw their happiness of face of the fonts some busted on, i've seen. okay. i want them all. and then pick boxing, champion and mancha leaf has been greeted by fans on her return to algeria. the books that he was at the center of agenda eligibility ro, one gold, and the one is 66 columbus kilogram category. she think we all jerry and people for that supports and called out jerry and women role models crowds welcome, great britain has asked me to say right back i

, she led and performed, there was such a ballad, then there was a bell number staged by igormich belskyews from figorodov to mond, everyone. just used to run, gone with the cold wind that swept into my heart, gone with the lovers who let their dreams depart, where are the green fields that we used to roll? during a tour in paris, piekha heard a very beautiful song. it turned out that in the usa it was sung by different groups, but few people knew that it was old scottish ballad, green fields. piekha and bronevsky showed the melody to robert rozhdestvensky, he immediately wrote the lyrics, and so our childhood city was born. somewhere in the city? quiet as a sleepyhead, languidly chest-deep in slow speech, water like glass, somewhere in the city, in which it is warm, on... our distant childhood passed there, a man was born, still crawling on all fours along the road of life, stood up on his feet, said his first word, mom, mammy takes his first ride, my stick, help, get stronger, fight, or you or go straight to the devil to make sure i can dance or i can roam and yet always go straight ho