among today's carnage, kevin simpson is trimming one name in that space, he joins us to tell us what it is. kevin, welcome back. >> hey, scott. >> what are we talking about? what name did you trim off? >> we took a little bit of a profit in the broad column. i know the semi's have been on fire and it is so hard to sell stocks because we have a two decision process. if you sell something, then you are going to have to buy something else, to kind of monitor the two things, and it is never easy. but, if you think about when we get into broad calm, scott, it was in september and we sold out of our apple position in its entirety and we took a lot of heat for that, because who likes to be out of apple? at the time, we thought the multiples were a little bit stretched, so we rotated it to broad calm and the stock is up 50% since we brought it. knowing how conservative and that dividend oriented the chip strategy that we run is, how often does that happen? we still like the name, we have earnings coming out on thursday, we think they will be good, but we took a little bit of the prophet and

kevin simpson, capital wealth. what may happen overall if you lose the mag seven for a little bit or you sort of chip away mag seven to mag five to mag four to whatever and what that means to the rally. goldman's tony pasquariello, who i cite a lot, address this is issue today and has the following. for those wondering about the sustainability of this rally, it's been fair to ask what would happen if one or more of the mag seven stocks really came off the pace. well, that's clearly happened. yet the market has certainly held its ground. so no big worry sign yet from pasquariello who says outside of the mega cap tech i'm open-minded to some selective broadening out again in sectors like industrials and biotech have good stories to tell but he is skeptical small cap will do a lot of the heavy lifting, joe. industrials are up a lot year to date, 8%. health care, up a lot year to date, 8%. maybe you can afford in the time being to lose some of the mag seven stocks and you'll still be fine. there was evidence of that ki

we're talking to kevin simpson and jonathan krimski.hinks has to happen between the qs and apple. he'll explain further to you at 3:00. shannon, final trade. >> deputy's equity. >> sirat? >> slb, schlumberger is very attractive at these levels. >> josh brown? >> berkshire in a 6% drawdown. this is where i would look at it. >> citi group looks like it's breaking out of a six-week consolidation phase. >> i told you with mike santoli, nvidia has gone green. otherwise, all the mega caps are in the red. obviously, we're watching apple closely. some of these other names, meta and alphabet down, as well. i'll see you at 3:00 on "closing bell." "the exchange" is next. [sfx: win and rolling thunder] nobody's born with grit. british announcer: rose is really struggling. it's something you build over time. american announcer: that's 21 missed cuts in a row. [car trunk slammed shut] for 88 years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: ros

. >> kevin: headline tomorrow, joe biden channels inner abraham simpson, the grandfather on the showe fans of the sitcom, democrats will love the job he did tonight. will he win new supporters? emphatically, no. >> trace: a lot of memes going through social media and the grandpa, screaming and coughing and screaming at kids and going after them playing on the lawn. you knew it would happen when he started yelling. beverly hallberg, you have thoughts on the speaker. >> he could not hide how he wasd feeling. he was shaking his head. he shook his head and got a lot of attention. he did not rip up the state of the union address. what did you think about you can't love your country only to when you are winning. >> say that to oberman, and all thosate calling to destroy the l supreme court because they don't like the decision that came oute >> trace: when the supreme cour. comes out their way, they love h the e court. we've heard, we need 12, we need 15, that is whole thing, keep in expanding court, same as other o policy, getting rid of filibuster. thoughts on biden's criticism ot the isr

kevin your final thoughts. >> headlined tomorrow for you, joe biden channels his inner abraham simpson, the grandfather on theuch like the fans of the long-running sitcom, democrats will love the job he did tonight. will he went over new supporters? emphatically no. >> trace: a lot of memes that was going through social media. there was the screaming, he is coughing and screaming at the kids and he's running after them playing on the lawn. a lot of that kind of stuff today. marianne you have some thoughts on the speaker of the house... >> he could not hide how he was feeling. every single time he would sit there and shake his head. >> trace: he shook his head a lot and he got a lot of attention for that. he did not rip up the speech so that was a good thing. >> i would love for him to say that directly to people like... and all the democrats who are calling to disband our united states supreme court because they don't like that 9-0 decision that just came out. >> trace: when they come out in their favourite, commander they love the court. they love the court. otherwise they want to expand the court. now we ne

simpson came to my house. bill cosby came to my house. >> stephen: "i mean, you gotta understand, r. kelly is my roommate. i'm pen pals with danny masterson. my groomsmen were kevin spacey, armie hammer, and the son of sam. i once had dinner with jeffrey dahmer, and i knew it was people! what can i say? i live in new york!" now, rfk is not the only n-- now, rfk is not letting the controversy slow him down. yesterday, we learned that he is reportedly considering aaron rodgers for veep. that's a risky move to pick rodgers. 'cause if we've learned one thing, it's that the minute he starts running, he's gonna snap his achilles. but philosophically, it's a good match, philosophically because like his buddy rfk jr., rodgers is anti-vax. but that's not all he would bring to the ticket. he's also known for talking about pooping in the dark at an isolation retreat, touting the healing powers of dolphins' mating sounds, and advocating for psychedelics and ayahuasca. this would not be the first presidential ticket to embrace psychotropic drugs. who can forget william henry harrison's 1840 campaign? trippy-canoe and spiders! ahhhh! there's no actual spiders. rodgers isn't th