let's ask bryn talkington here with me at post 9. good to see you. what's the story going to be for the second half? we've got a couple of days in the first. lot's game it out. >> there are going to be two parts. first of all, we're definitely seeing a catch-up in the cyclicals. talk about cruise lines, homebuilders they've done really well financials, small caps. >> energy. >> we'll get there i think that's the last three months of the year but the financials and small cap are having a really clear catch-up, and so i think as a trader, that's going to be the trade over the next few months the reason why is we're going to continue to have inflation calming douchblt i think by the july cpi read, we'll have a 3 1/2 handle on cpi. all of the data says we're going into a recession l.e.i. or ppi or manufacturing, but maybe we're not. look at cruise lines. >> you said don't fight it from the beginning. you said it a million times. >> we were not in the camp of we're going into a recession we were in the camp of there's a wide range of outcomes in 2023 i th

speaking of names, sit tight let's bring in another name to this conversation, our friend bryn talkington. also a cnbc contributor, no doubt champing at the bit. it is champing and not chomping. i want to be clear on a friday, bryn you heard our conversation i know you're -- you're down there in texas and you got energy aspect which i love are you also poking around some of these, you know, non-five or ten stocks we talk about a million times today on this fine network? >> well, first i have to say i love cheryl's strategy of selling some for 2024. we do a lot of call strategies and option strategies and that's such a smart way for private clients. love that. i want to give you a shoutout. i think it's interesting because yes, tech and those fang plus names have dominated, but i think actually what's interesting will be about cyclical you have this market where health care are not cyclicals. energy is not doing well, staples, but within the cy cycl cyclicals, industrials are killing it home builders, casinos, cruise lines. those are, like, very, very cyclical in my opinion, and you defini

joining me right here post 9 liz young, bryn talkington, steve weis weiss. the nasdaq is the big winner the s&p's best first half. we have a lot to work with inflation continues to fall. i'm so glad that we have lebed and weiss on together because your views -- >> that's one of us, by the way. >> -- are so opposed i'm going to give the ball to jim first. not that your positioning was so perfect but your call has been good now what >> so i'm sticking with the call steve has a different opinion but it's not like he's an idiot. it's not there's rationality to the thesis of 500 basis points of rate hikes should have a dramatic effect. there's rationality to the idea that the yield curve is a predictor. however, there are other perspectives and my perspective, scott and viewers, has always come from the point of view of what the companies are saying. it doesn't mean they're always right. companies pretty much across the board are saying things look good maybe not so much in retail. think about what the airlines are saying, casinos, steel companies. the companies

josh brown, bryn talkington, with us. the fifth positive week in a row. it's on its longest daily winning streak rob, to you first, it was a hawkish pause. whether the fed will do what they suggest they will the market doesn't believe it. >> has the fed mattered since earlier in the year? we were pricing four cuts in the back half of the year. i think it lent support to tech stocks and the fed hasn't mattered since then not a bit. the question is do they matter now? the markets are voting today, maybe not. i think at some point they have to matter. they're telling you they don't want to repeat the mistakes of the '70s the numbers are undeny play terrific they had to pause. we think there's one more tightening i think there could be more than that they're telling you there could be more than that. >> what they're telling you at this point the market is saying i don't really care what you're saying, show me and we don't believe that you're going to show us. jim, the bottom line here is we're doing the show yesterday and the decision happens and powell comes

joining me right here post 9 liz young, bryn talkington, steve weis weiss. the nasdaq is th

joining me, bryn talkington, jason snipe, steve wies. we have a 7 plus point gain.underperforming but having a strong day, 1%, 367 is the yield on the ten-year note so you just rolled in. i wasn't sure if you we

josh brown, bryn talkington, with us. the fifth positive week in a row. longest daily winning streak rob, to you first, it was a hawkish pause. whether the fed

bryn talkington sets us up with that dow and accept higher throughout it's the s&p's best month sincery, dow since november. the nasdaq working on its best half of the year since

joining me, bryn talkington, jason snipe, steve wies. we have a 7 plus point gain. s&p up and nasdaq is an underperforming but having a strong day, 1%, 367 is the yield on the ten-year note so you just rolled in. i wasn't sure if you were going to make it i found a shot of you when the market started to rip after the jobs report. can we see it? this is you. that was you right there we found you when the market ripped [ laughter ] >> that's what the bears are doing today. what are you thinking here >> well, i was thinking that -- thanks for having me on, scott look -- >> are you speechless? >> i'm just trying to figure out how to respond to you politely, so you know that's a struggle. look, here is what i would say i was texting with our ep executive producer for those not in media, yesterday, or the day before, actually, and saying, you know, i've been trading in and out of nvidia, and i added it to my queue so last week i put in some queues look, my job is the following. the first tenet is don't lose money. >> if your job is to filibuster, you're doing a really goo

. >> was bring in cnbc contributor bryn talkington. are you starting to get worried, more worried about recession, and starting to reposition accordingly? >> we are not starting to reposition, shara. this year, we felt in terms of the economic data and the market that we had one of the widest ranges of outcomes, because to your point earlier, within a year, we have gone from zero to 5+ percent interest rates. and so far, the economy has been incredibly resilient. but, our concern at the beginning of the year is, we had 13 years of your zero rates, going so fast, so high, so quickly, it would create cracks in the economy. you clearly saw that in the regional banking sector. i think ultimately, you have this dislocation right now, where you are starting to see some economic activity, because while unemployment is getting a smidge higher, they are not staying unemployed very long and you still have 3 million baby boomers retired during covid and they are not coming back. so, i think as we are starting to have green shoots of on shoring, w