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[laughter] kenny polcari -- >> listen, you looked pretty good in that picture, by the way. ll you, i'm right behind you. neil: the same bad toupee. kenny did write this, very profound here, the markets are always a victory of time over worry and profit over panic consistently. more after this. ... we're told in genesis chapter 1:26 that god is made man in his image and by his likeness has he made him. genesis is a book of fundamental importance for the jewish and christian faiths and a literary masterpiece that has profoundly shaped western civilization. now, in this exclusive online course from hillsdale college, you can deepen your understanding of how this ancient book is essential to you today. sign up for the genesis story. absolutely free at learnfromhillsdale.org. dr. justin jackson, a distinguished hillsdale college professor, will guide you through this fascinating free online course that unfolds the biblical stories of adam and eve, abraham, isaac, jacob and joseph. when you sign up, you'll explore some of life's most important questions, gain a greater appreciatio

kenny polcari's going fishing. you want to find out what he's looking for. former president trump donald trump, meanwhile, pounding the table on his tariff strategy. my take on why a trump inauguration day down like an eye rain a january hostage -- iranian hostage moment. my take and so much more on "making money." all in on the stock market right? think about this, for most of the year wall street tried to have the it both ways saying we're constructive on stocks, but their targets were tepid, 5400, well, that's begin toking to change. beginning to change. one firm is re-examining assumptions that the market is wildly overvalued. i will caution i haven't read the report, the headline itself, obviously, we say s&p 500 7,000, that caught my attention. meanwhile, goldman sachs, their trading desk, i love this one in particular because it's now looking for 62270 by the end of the year concern 62270. pay close attention, the rally forces institutional investors to buy stocks. i thought they were already in. i thought they were the smart money. they're chasing yo

david: we were talking tech with kenny polcari. super microcomputer down 30%.firm says they don't trust the information they are getting from the company anymore, that is something to watch big time. dj t, donald trump's social media company was down 18%. that fluctuates wildly. it had been trading up in norma's amount the past couple weeks. now it is taking a breather, 18% worth, watching that until the election. that does it for us on cavuto coast-to-coast. brian brumberg taking you through the next hour. brian: i am brian brenberg

joining me now, chief market strategist kenny polcari and cfra research chief investment strategist sam stovarl. kenny, how much of a headwind is a 4% yield on these equity markets? >> i think it could be a fairly decent headwind especially if people are considering that we're going to run into kind of an economic slowdown and maybe a decline in earnings. not that i'm saying it's going to happen but if that's what the people think is going to happen then locking in 4% for some of their money will prove to be a headwind for such and if we see yields continue to go higher that's just more and more of a headwind as we move through. taylor: sam, we're at 5,690 on the s&p. i mentioned at the top of the show goldman goes to 6,000. main street goes to 6,200. how do you see this market playing out through this october surprise and the end of the year? >> taylor, well i think that we probably could end the year higher than where we are now about 5,850. i think that we are going through your fairly traditional october volatility. let's remember, it's about 35% more volatile than the average for t

we got the inflation report, kenny polcari, why is the market rallying. it didn't expand beyond expectation. the idea the fed managed this soft landing starting to take hold. the explosive number out of jpmorgan and some of the banks that reported through seattle. this earnings season will be a positive season. today is just one day but very exciting. stuart: got an all-time high on the dow, i'm looking for dark clouds that might upset the apple cart. jamie dimon, geopolitical risks are surging, conditions are treacherous and getting worse. there is a dark cloud if he is right. >> i am with you. i would like to see a dark cloud. i would like to to see these stocks pulled back to get long-term investors a different opportunity. he is correct, those are dark clouds but the geopolitical issue creates short-term chaos, nervousness and angst but they don't pray stocks over the long-term. that a catalyst, a negative one. they keep contemplating what they are going to do. that would be a negative cloud. and it is something that's more economic. it is negative fo

ashley: let's bring in candy kenny polcari? >> i'm sitting here amazed, listening to this woman talk about manufacturing jobs, trying to tell us how they are advancing, the biden policies have done so much for manufacturers dollar jobs created. we were in a pandemic when they shook the world down not because of donald trump but because of the pandemic and look what we did, we created all these jobs, are you kidding me? anyway. that's another conversation we could have. ashley: there's a lot of, she was wearing some rose tinted glasses. what does this mean for a fed rate cut? the futures showing maybe went from 50% chance of i half of one% cut in november last week, now it sounds 12%. does the fed need to cut? >> on the top line, 254,000 is a huge number, 114,000 more than what the expectation was but if you pull back the covers and look underneath there were government jobs and low-paying jobs. is that the sign of a healthy economy? which is why i think the market started to rally, the market still thinks the fed needs to cut y

strong it could reignite inflation what is it mean for your portfolio, let's get to the floor show kenny polcari and alan napping, you talk about shocks you and lori logan the dallas fed president saying that we could cease shocks in both direction that could alter the outlook and goldman sachs say the annual returns that the s&p has said on the last ten years will be no more, golden says i'll be sliced under 3%, what would you think is behind that and do you agree with it. >> i don't agree it's an impressive call and you talked about rates coming down let's remember 5% a year ago right now in our down a 4% range where we will be in 2024 if you look to the end of 2025 we are going to be data 3%, the question where is money going to go the money in the savings account is getting 5% were to be back to normal where interest rates are going to be low money has to go somewhere and earnings growth in written and everything will market, it's a matter of time before the nasdaq with a all-time high and a full view recovery on the nasdaq like liberty seen in s&p and dow targets about 20% above. liz: there

neil: be safe and well, you have experienced this firsthand, kenny polcari, he's not as affected by thisre going to get a lot of wind and rain so they are not out of the woods. this has a big economic story to tell in the united states and it is in the middle of an election year four weeks from here, where the next leader of the free world will be. some interesting insights on that after this. it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to co

to go, so is the floor show and john corpina from the floor of the new york stock exchange and kenny polcari. john, normally this federal holiday would be a snoozer for the markets. volume might be thin, but the bulls are wide awake. what's got them running? >> hey, or liz. yeah, that's exactly it. we've got a quiet market with not a lot of participation, not a lot of volume. that's going to add to the a big influx in volatility in our markets. this could have gone either way today to. overall sentiment has been as we've seen, the market trending higher and higher, but this move is certainly magnified than a normal session. but backing up, sentiment is here in this market. we continue to trade higher. i think people, investors are feeling comfortable. not if fully putting more money into the market, but allowing their portfolios to to continue to grow and not being forced to do anything. you add in the fact that we're still in this uncertain area with the fed and what heir going to do next, uncertainty in u.s. presidential election, so pretty much if everything is on cruise control right now

kenny polcari with me here in new york city this weekend -- no.day -- >> i am here for the weekend, actually. stuart: we've seen a rally recently. would you call it a trump rally? >> i do think it's a trump rally. it appears that trump is taking the lead, and the polls show that. so, yes, i think this is a trump rally. stuart: okay. tell me about tesla. is it all about the robotaxi? we keep hearing this, but i don't know much about it. >> i think it's about the robotaxi, but i also think it's about their energy generation and storage business. that was up 52% in yesterday's report, so that's going to be -- while it's small in in relation to the total company, it is going to be one of their focuses. yes, i think it's the whole thing, but i certainly think the the a.i. and robotics part, the energy and storage is all exciting, so it all came together, and he saw that yesterday, up 22%. stuart: next week we have got apple, microsoft, google, amazon, meta if all in a 3-day space. >> yep. stuart: they better not disappoint. >> no, it's going to be the