kenny polcari back with us. t it, kenny, thinking about flooding supply in the market, hoping the reserve to do just that but the global economy might be doing it for the president, what do you think? >> well it might be doing it for the president, i got to tell you, i'm not people demands, assumes we'll get this huge demand destruction in energy, because look, the world runs on energy, even if we're having recession, unless it is really bad, people need energy. i don't suspect we'll see oil prices collapse. will we see a little bit of pressure? i think maybe a little bit. i got to tell you, once we get past the election oil prices will start to surge again. we have some of the big investment banks calling for 100-dollar oil by the end of this year. neil: what do you see happening on that front? if that happens, that scenario plans out all bets are off? >> all bets are off. i think it will be scenario we were talking about, i thought we would see the slight dip in cpi, then a rally, then a move back higher. but i

charles: coming up kenny polcari will help me handicap tomorrow's jobs report.ing before then. seven speeches today, seven. sven hendrichs on the fed not spending enough time studying the market rather than talking about it. he is here right after this. ♪. ♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. shingles. some describe it as an intense burning sensation or an unbearable itch. this painful, blistering rash can disrupt your life for weeks. it could make your workday feel impossible. the virus that causes shingles is likely already inside of you. if you're 50 years or older, ask your doctor or pharmacist about shingles. at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. before... & bath fitter. before.. & bath fitter. if you have a "before" bath

to kenny polcari on all of this. kenny what do you think?t as down as much as you would think given some of these earnings. some were tell graphed. weakness in online advertising, youtube issues, et cetera, but what do you think? >> i think there is some concern like kelly just said, there is concern over guidance going forward. nasdaq is down 30% this year. i'm not surprised it is not down more. they're punishing individual names. so they will get punished. either the company wasn't forthright giving information to analysts how it is shaping up or the analysts were too, too excited about the number they came out, right? so i'm not necessarily worried. i'm not a meta player, i don't own google but i own microsoft. microsoft is down 25%. if it is down another 6% today i think you have to back up the truck. neil: a lot of people with held big name stocks, apples, microsofts, google, when it was facebook, bottom line they have seen huge losses if they haven't sold. should they hang on to them, see what happens? >> listen i guess it depends who

let's bring in the floor show, our traders of the hour, kenny polcari and sarge guilfoyle. big smiles all around. sarge, even if investors don't own these two stock,s -- stocks, how important are the results and why? >> tonight's about as important as thursday night's going to be with amazon and apple. i know it's a fab five if you include meta, but these are the four that will set the tone not just for tech, but for the market. a lot of people think that the banks set the tone or energy sets the taupe. energy's been our leader, but these stocks are are where, remind people of how things were just a short while ago, and these stocks are the stocks that so many of us are so invested in. i'm not in google, by the way. i am many microsoft. liz: okay. apple looks pretty good here, up 1 is.7%. they're reporting thursday. kenny, which names are you looking forward to, as sarge says, will really cement the tone for the rest of the year? >> i do think it's going to be apple, amazon and microsoft. i'm not a meta player, so i don't really look for them. google, i don't own it -- liz:

the floor show, joining me now -- in studio -- market rebellion founder jonna square january and kenny polcari. kenny, i know you will understand that i'm going to defer to john first because, welcome to the show. >> thank you, liz. it's such a delight to be here. [laughter] >> absolutely. >> lucky to be the on with kenny as well, but i am just delighted to be in studio with you. liz: you know, kenny's head is inflating like one of those pumpkins, so we don't need it to get any bigger -- [laughter] >> okay. we'll back it off a little bit concern. >> now, come on, that's not fair. liz: we love you, kenny. talk to me about the view of 30,000 feet of november. >> i think november's going to be what goes on not just on wednesday when it's powell's press conference, and he's likely to talk very allow, liz, because it's a lot easier when he talks tough than when he acts tough. they've been acting to tough, like you say, three 75 basis point moves in a month, this'll be the fourth. put it on the calendar, it's done. and then he'll talk tough about the next one, but he has a lot of time between now an

let's go to kenny polcari what he makes this. kenny, you don't want to get ahead of yourself or say two days is reaffirming trend but what do you make of it? >> right. listen, it is exciting. i think we were in a very oversold position. i also think september was the end of the third quarter. so there was a lot going on in terms of portfolio managers throwing stuff out, trying to get ready for a new quarter which started yesterday. so the end of september you saw that happen. trading in uk, investment banks, inflation certainly added to it but set it up self for a right rally. i do think it's a bear market rally. i don't think the end is over. i don't think it is over yet. we have headwinds in front of us with earnings, whether or not we'll be disappointed more than we already adjusted. i think midterm elections could cause short-term cave i don't see. so i do think there is another opportunity to test lower before we get into a year-end rally i think takes us back to about s&p 4,000. neil: you can argue we had been beaten down to

right to the floor show and traders kenny polcari and scott shellady. on msnbc he says a reseason in six to nine months. news flash, we know it's coming if we're not in one already. brainard said we're aware our moves could gyrate financial markets. kenny, what does it say to investors that depending on who's speaking at whatever moment, the market spasms up or down? >> it certainly shows the anxiety everyone is living in at the moment, and i think it's a little bit unfair for lael brainard to suddenly put that hope out again and then it'll turn into oh my god, the fed is pivoting and she said this message and that's going to happen and takes stocks higher again and when inflation comes in strong, the fed will whack it down by raising 75-basis points and they need to stop opining and stick with the narrative and do what they need to do. we know they missed the opportunity in the spring of '21 to gently start raising rates when it happened and now they're backed into a corner and it just continues to ignite the angst that's in the market and force the ma

kenny polcari with us this morning. let's see if i've got this right. market rallied this morning. i am told on hopes that the fed would slow down its interest rate hikes. you hearing that? and what do you make of it? >> yes, i think that's exactly what we're hearing. there's cracks kind of in the foundation, right? braynard and evan suddenly becoming a little more course -- cautious, and that gave that surge to the markets. i think that it's ridiculous because they've all, all of them, have been making the argument that they need to keep going and that inflation is the, is the monster that they need to slay. and so i'm not sure that i really believe it. i think we'll know that the in the november and the december data points, right? cpi, ppi, pce. we're going to get four of those readings in between the november and december meeting, so we'll have a better idea whether or not flakes is responding. if it is not. she may say she's getting cautious and he may say it, but i think it's full steam ahead. stuart: the 10-year treasury yielded around 4.3% earli

joining me now slatestone wealth chief market strategist kenny kenny polcari.,000 stocks in january, right? they learned about a virus spreading through china. a lot of other u.s. officials who were in the know, they started to sell. this is by the way just the tip of the iceberg. it is brazen. by the way, exquisite is not the word i would use but i can't use the word i really want to right now. your thoughts? >> well, first of all, i want to say one thing i think rules are rigged, in not necessarily the game. the rules are rigged in favor what the article points out. all the people basically inside information and information they get well ahead of the general public they react to it, you know, on the information that they have and then they, and then they are supposedly supposed to come out to make announcement what they did or what they didn't do. to the point of the article, how can you not make money when you have all of this inside information? that's the part that frustrates me, frustrates you, frustrates average investors. i spent 40 years on the new yo

. >> i want to bring in slatestone wealth management kenny polcari.ou have been right a long time. be cautious. we've been cautious. you're hinting you need to see a sign. was this big swoon down, this big swoon up is that a sign? >> i thought the swoon down this morning was going to be the start of real capitulation where we would see an absolutely fault out of bed. that is what it felt like. i was actually surprised when it, it was down 500. it was holding. i wanted to see it, i really wanted to see it flush, right? i was hoping that today would be the day, get it over with. i think what happened was the plunge police came in, everyone is getting so crazy they took it right back up. they started buying it, boom, now we're up 800 points. we had this big swing. while i love the action, i love the volatility i still think we're just starting, season. we're starting to hear what is coming out. i still think there is going to be some pressure to the downside but the fact is, look, you and i said it, i'm a long-term investor. i continue to stay invested.

we need kenny p p polcari. kenny, is it time to buy? >> i think so in some of the names. never a buyer of meta and google and i'll never talk about them because i wasn't into them before and i'm not now. i'll put money into big mega cap tech, it'll be apple, amazon, microsoft would be the three names to look at in that space. i think the amazon reaction is a huge overreaction, but i also get the tone in the sense that people are disgusted and on any report, if they don't like it, they're throwing it out. the fact that like lauren just said, that the street, that street analysts are looking for $155 billion and amazon came out and said maybe it's $145 down to $148. amazon is telling you the number and analysts need to bring their numbers down. it's a little bit of a disconnection for me. stu: you are buying -- you will buy microsoft and apple and what was the other one? >> and amazon. stu: amazon, okay. >> below $100 -- i'm buying amazon. i want to see how it opens, watch it for a bit and then i'll start buying. stu: okay, this could be one big buying opportunity. kenny, t