brian belski is back with us. are we seeing return of bullish brian belski?re you back to your old habits? >> oh, sure, stuart. i was always bullish. just a little less bullish this year relative to the past but we still think the lows were made in october, stu. we still believe that a new cyclical bull market has started the nasdaq has been up five weeks in a row, that many of those stocks were the ones that were hurt the most last year, so we've seen some portfolio repositioning, stuart; however, we do believe that the market could be a little soft here in february given the big move in january and that's okay, because stocks are rarely linear for long and i think many investors have been surprised on how good earnings have been which has been our call all along and now, the biggest conundrum or really uncertainty is what's going on with unemployment. unemployment remains very very low and everyone now seems to want to push out the recession but what if the recession doesn't even happen? i think that's what you have to start thinking about. stuart: is that

first ultrabear, call him ultrabear, megabear, something like that brian belski?own where the market goes from here. here is the thing, i think leadership surprised even the great bull. we'll be right back. ♪. you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. ♪. charles: it's little bit choppy here in the markets. i'm not too concerned month to date, even sometimes year-to-date. long-term trends do matter more and here's the thing, folks, the long-term trend ultimately has been to the upside. still wall street a little bit frustrated because they thought this year, at least in the beginning it would be down. with me bmo capital markets, their chief investment strategist brian belski who did not think it would be down. >> i did not. >> did not. here is the thing that is really amazing last couple weeks. wall street is digging its heels in. mike wilson sai

we have bmo chief market strategist brian belski.ow we hear things and how we respond, why are you hearing a different message from the markets than most of your colleagues? >> that is a great question. thanks for having us. as we model the market last 30 plus plus years on wall street, last 20 i've been top at the list of the paper to do a market model. we rely on pe model, a macromodel to look at the markets. the macro model for all intents and purposes has been wrong 13 out of 14 years. last year it was right t really told us that the market was being controlled by macrofactors. typically, historically stocks are led by fundamentals. why we stayed as bullish as we have been for a longer-term perspective. in terms of the low quality rally, this is pretty textbook stuff, charles, the low quality stuff begins to lead after coming out of a bear market. same thing happened in 2009. didn't see a change in leadership until july, august of that year. low quality, emerging markets, commodities, prior cycle leadership really leading us. i t

i have best to shed light and strategies, brian belski and bob doll. i will is tracy shuchart, what the heck happened to oil? that was supposed to be a slam dunk. sven hendrichs is here. is the market too come place sent when what if october was the low? how high could the rally bo? ken any polcari has some answer. another mistake by the biden administration that will cost tax iers tens of billion of dollars. auld that and more on "making money". ♪. charles: all right, folks the plot thickens! so much has happened in the last 24 hours. here is the big thing turns out we riley did not know jay powell at all, right? think about this, the fed chair invoked paul volcker at every concern to underscore commitment to taming inflation but he never let on he was actually determined to do it without creating any significant economic damage. in other words, he think hes can engineer a soft landing. now here is the thing, eureka moment. we're living it right now, folks. you're watching this market explode, particularly high beta names. eureka, a he sitting in his

to go with the facts can you cherry pick the data >> jim lebenthal has a wingman by the name of brian belski. >> birds of a feather. >> weiss had me when he said he liked bank of america. do you like it or not like it? i don't get it you have a firm cutting your price target 2 bucks it's like kissing your sister. i have four sisters and i'm not going to kiss any of them. i don't get what the call is, scott. so do you like it or not like it and the whole thing about believing moynihan and jamie dimon, come on we've gone back into the underpromise and overdeliver camp again if you want to be in the banks, you absolutely, positively have to own bank of america >> weiss >> i own bank of america >> here is what i heard you say, weiss -- >> i don't get it. >> let's be clear. here is what i heard you say, well, i like it, because i own it, but i don't like it as much as i used to and if i didn't have to pay taxes on it, i'd sell it let's be honest, that's what you're saying. >> i'm not arguing with that at all. i think it will be dead money for the next six months or so as it has been for the last