you don't have that yet for the russell . what will happen as you progress through 2024 is the comps will get difficult for the nasdaq and the comps get easier for the russell, in particular for health care and financials. that's why i think it's a back half of the year story even in an environment where you begin to see the economy decelerate. i almost make the argument i would rather own bonds relative to everything else because you're going to get the price appreciation as you see the decline in the economy. i think you have to wait and you have to be careful with a breakout in january and february and trying to call that leadership for the year in 2024 for the small caps. i don't think that's what that is. i think that's something you want to fade. >> and we're going into 2024 in the exact opposite position as 2023. we came in everybody expecting a recession. interest rates had gone up so much and everybody was saying, this is it. it's done. >> and also, tech, right to your point. tech had gotten crushed and here we find o

i think you can have the russell outperform for certain amounts of time but i don't think it is going to be the theme, because with passive investing there's so much money that's drawn to those larger cap names that you can't help push those names forward and leave the others behind but when you look at the russell, 40% of the russell 2000 is unprofitable. so to julie's point, you need rates to stay low for them to have an equal shot, you know, a bite at the bowl, if you will. so i don't know if that's going to be the theme for the year we saw when the regional banks collapsed back in 2023, which is earlier on, what was it, in the spring of it basically, we saw the safe haven trade and then we saw the growth trade. so it is the -- lap cap tech is the trade for all seasons. so i think it will always be there. maybe the russell can have a little bit of a day in the sun but i don't think it is a theme. >> the interest rate complex is always going to be a focus because of the way it influences valuations i wonder, bonawyn, if you look at the valuations of the market right now, there are t

the russell is strong again today. you actually have energy, which we'll talk about later in the show in which the momentum seems to be building. the market right now understanding that yields have pulled back aggressively. what happens when they get below 4%? they've stayed below 4%. we never really saw the bounce. you figured you would see a bounce. that's a good indicator for risk. >> is that how you see it as well, bryn? >> it seems what joe is saying is spot on. i think this is one of the strongest seven days of the year and we all know it sets the tone for the first year. reminiscent to 2017. we had more volatility this year. remember going into the first month of 2018 the s&p was up and, boom, gave about half of it back. i do think the market is at odds with the fed. i don't buy into the six or seven rate cuts. i think that's too aggressive. dance while the music is playing. as we get closer to march, i think the market will come to the realization we will not get a rate cut that soon. >> weiss, we had a former f

in the russell senate office building. yes, we've asked that his name be removed if the billing and that his statue be removed. just as the senate has removed names from military bases, the congress has, house and senate, senate can remove that name. of richard russell. this is richard russell. standing in his place of grandeur. but there's more to be said about this. i would now like you to see a different view of the russell statue. a different view. your perch can sometimes influence what you see. i have shown you mr. russell up close. now let's step back and take a look. here is mr. russell, he's standing here. and by the way, i respect and i say mr. russell. there are people who would demean me for saying mr. russell. he was a former united states senator. he was a bigot an a racist, but i still give him respect. so here's mr. russell. now. let's put this here for just a moment. there's mr. russell. he's here. i hope the camera can pick him up. but here's what you cannot identify that i have to identify for you. above

for the russell, that's from january lou valentine's. you will sell microsoft around these new highs. they have new announcement related to ai. >> i keep going back to what mike santoli said, the crowded and neglected. the crowded are the names you're talking about and you're going to reduce ownership of the crowded to move into the neglected. here is where i disagree. i do not think we are at an inflection point for leadership. you do not have an inflection in leadership when you have performance and momentum strong over the course of three or four weeks. that doesn't defeat the leadership in the better part of the last 12 months. it is actual earnings growth and the russell doesn't have the earnings growth right now. you need that. you might get it in the second half of 2024, but i think it's a false start in january and february if this rotational trade unfolds. >> not only that, jason, look, if there is any kind of rotation, you have to believe that a pullback in mega caps can be bought. >> right. >> like it has every single time whic

we've got the nasdaq gaining 311, and the russell 2000 -- 31, and the press all -- russell 2000 up 18. the dow just turned slightly negative. any of this could change this map shot, but it would take a pretty decent-sized reversalal to shake the majors off what right now looks like the eighth week in a row of gains. nasdaq looks to close out the week up about -- actually, that's since october? if that's since october. but for the week the nasdaq looks to gain about 1.2%. we've got the s&p for the week up .8%, and the dow jones industrials up a quarter of a percent. and, folks, it is the russell with quite the move this week. the russell 2000 this week alone has gained about #% -- 1%, no, 22.5%. and i do have to tell you that legit move is an insane 12 month to date. that has the small and mid-cap bulls clinking their glasses. quarter to date it also a beats out the biggies with a more than 4% gain for the -- 14% for the russell 2000. the grinch, however, is knocking the stuffing out of some individual names. let's start with nike. the dow come appropriate if getting clobbered -- compo

nasdaq down by a little more than 1% as is the russell. s late day drop and your earnings run down. we will do that in the market zone next. the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find netrading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley. >>> right now the closing bell markets. micah santii here to break down the crucial moments. and the possible reorganizatio at off of that. christina is watching micron today in those earnis in the ot. what's your world on this rollover we've had late in the >

i like what the russell has been done, and obviously oversold and starting to percolate a little while will start looking for really out of favor companies and most of those are going to be in the russell. so as far as in the data inod, this is small 235 million-dollar market cap company. i like what they do. they're about to turn profit i think in 2024. i like what they do as far as digital space they're n again these are speculative plays. >> right. >> also the applied digital is another speculative play. that is about 635 million-dollar market cap company. you know the numbers don't look great on that, but they're in data center space. i like what they're doing. they're growing the company. the stock starting to work around smallest one is the self-storage. charles: let me jump in real quick because i got less than 30 seconds. i know paypal on your list. paypal reminds me of the body builder, the guy who did not come in first players. i've given up on it, okay? you still think it has a shot at mr. universe? >> i like it because it has been so overlooked. they're in obviously the pay

the russell 2000 lagging inr, in orange look at a five-year. and then in turn, look at a ten had year the question is, is this an opportunity to catch that spread here maybe is the greatest issue or problem or data point involved final table. the entire market cap of all 2,000 stocks is actually 1,967 right now. exact same at microsoft. apple is even better does it even matter? it's a beta trade. if you want to be long this area of the market for a december rally, if you think that's what's coming. if you do notes you do not want to be long this part of the market. >> interesting stuff, carter steve, he's bringing up the comparison of microsoft to the entire valuation of small cap names. what would you do? >> the mark, this is the biggest outperformance we've seen with mega cap stocks over the russell in forever, in the history of the two dynamics people want to buy profitable companies. the russell 2000, 30% are unprofitable we've seen since the collapse of the original banks, we've seen people run to free cash lou, mega cap stocks, the apples

the russell 2,000 jumping almost 14% for the month today. real estate driving big gains, rounding more than 9%. it's the month's top s&p sector, by the way. is now a good time to pop the champagne and celebrate or should investors worry that a hangover is ahead? courtney, i'm going to begin with you and then go to chris, because i know chris has some thoughts here, but why don't you take it away? >> yeah, i think this rotation that you're seeing in the markets has really started in early october, i think that's going to continue. as we're ending the year, we look into 2024. you've missed a lot of upside by not being in some of these rotation trades, but i don't think you've missed out on all of this. if you are not in it, still a good time to get in. you want to make sure you are invested in not just the top seven companiesright now. those very well might slow down next year and there's a lot of room to run in things like small cap and real estate and the interest rate sensitive things you mentioned. you want to make sure you are diversified

. >> i'm looking at the russell, up 11% over the last month. all of these sectors have done quite well. >> yes. >> except energy. >> yes. >> the laggard. >> energy had, i checked this today, at least in the last 25 years that i checked, we haven't seen a month where the s&p was up 7.5% or more, and energy was down. this is like the worst month for energy, with a big uptick in a long time. i'm confused by that. it feels to me like demand, recession, is the energy sector, but demand recession is nowhere else in the market. that seems incon grewgruous to me. and i like energy as a great risk/reward situatn. >> that is a great word. >> if i say, you know, like nick brights in the journal today, fed interest rate hikes are probably over, officials are reluctant to say so. we don't expect them to say so anyway, but why is it the t time to get incrementally more bullish here, if you think that rate hikes are over, and you think rate cuts are coming, and they're coming for the right reasons, not the wrong ones. the right ones being that inflation conti

the small cap russell 2,000 led the charge, though, settling at its best level since august of 2022 the question now is, is it too late to get onboard with this bull rally or is there more eam left in the engine guy, are investors -- >> hello, tyr. >> hello, sir, thank you for the beverage that you gave to me i'm delighted to have it much from the fed next year?o >> that's a great question i think the answer is yes, but i would have said that 20% ago o so in the s&p 500, that would have been incorrect. the market is now up in 16% in remarkable days, which is we can talk about the move from lows to highs in t russell, but what i look at, and i know tim is probably looking at the samehing, relative strength index, rsi, is now north of 81 the last time it was this high was probably september of 2020 and that doesn't go particularly well for the market at that time it doesn't mean the market is going down in a straight lin but it means in terms of sentiment,e are very overbought in levels that we haven't seen in three or so years. >> tyler, if i go back to late 2021, the last time e fed sig

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the last year, the russell 2000 and midcaps have not traded in the rally. we could see activity pick up next year which is a catalyst for midcap stocks. in our fund, we see a lot of interesting names that certainly look at the industrials which are a large sector exposure for the fund with floor corp which is looking to participate in the onshoring of semiconductor manufacturing and other manufacturing and spending on infrastructure. >> that is a big chunk. i'm going to that story next, josh. great to see you. thanks for joining us. >> thank you, frank. >>> time for the check on the top corporate stories with silvana henao. good morning, silvana. >> good morning, frank. meta platforms and ibm and intel and oracle and amd and 50 other groups are teaming up to form what they are calling the a.i. alliance looking to create an open model for new a.i. technology. the move positions the coalition as an alternative to openai amid criticism that it and microsoft are not actually an open source platform despite claims to the contrary. shares of taketwo under pressur

the russell 2000 -- i love this stat. basically saying the russell 2000 made a 52-week high yesterday after a 32 week low 48 days ago. a huge change there. the two year, yeah, you are seeing selling. through this week at one point, it was a 43 basis point move. these are tremendous moves we are now taking a little bit of a break from. nonetheless -- by the way, there is that. a lot going on. are we moving too far too fast or do we still have more to do here? >> if you take that small stat which is fantastic and look at the things that happen rallying, it is the things that have been unloved. the european market is a great example of that. if you look at what has been hitting new highs -- they start to hit new highs even before we got the pivot from foul, wow, pivot from powell, you look at the dax. that hit a new high monday. the cac run hit a new high earlier in the week. the euro stoxx 600 is making its way there, which is a head scratcher because we had weak pmi's from france today. same goes for germany where the bund

the russell 2000 is at a new 52-week high. jenny, industrials in tech hitting a new high. materials, 52-week high. the santa claus rally is in full swing. >> it sure is. i have in my head all is well that ends well. particularly for my dividend perspective if you lookat the indices they started january up a lot. went into significantly negative territory. now they're positive on the year. the s&p has been up, up, up all year. is all well that ends well? maybe. but what i'm getting nervous about is looking into next year and does all the froth in this huge rally, does it set us up for a successful 2024 because in the markets it never ends. and that's what has me a little uncomfortable right now. it feels great. it's going to be really nice to send clients quarterly reports with numbers. it feels crazy to me to be up 26% this year and to be looking into next year and read ing reports, oh, hey, they had a great quarter because they didn't disappoint. >> goldman put out their forecast. gdp will beat expectations. pce falls below the target. the fed will cut five times. now this

and the humanitarian situation is getting increasingly dot the russell border crossing with egypt. people have been seen scrambling to grab aid of trucks coming into garza. the crossing is the main route for release supplies. the u. n is also reporting shots increase and hung across the gaza strip . will not speak to our portion on the ground to a couple assume he's in rafa in southern gaza, tara guidance down that the strikes on the jaw, the refugee camp has been continuing to come through. what's been happening to yes, the tax had continued not only in devalue refuge account, but also extended to another areas in the north of gauze. this trip down to valley over 50 comes around at 30 palace. buildings have been killed in one of the latest is very strikes that had destroyed a number of residential buildings. where are there are still people who are under the russells and also in the value of the town, which is just only a few kilometers away from the valley refuge account. also had been bombarded where a number of residential building belonged to a number of families that had been

the russell 2000 is up 1.1%. of yesterday's unexpected selloff of an hour and a half, we had the s&p 500 going up 0.2% to closing down 1.5%, its worst day since march 26. it's not clear what was. some customers were saying it's zero day options but it could also be that things went too far too fast and overextended yesterday or tuesday, the s&p 500 was 82 any yesterday it closed at 66 and most of that happening during the sell off. over the two days, we are still down about 0.8%. in the technicals it's interesting because it looked like we would continue going higher but now it's clear we will have some consolidation. in july, the beginning of the pullback that lasted for a few months, there was a pattern and after yesterday's selloff, we now have what's called a diamond top which suggests we see the s&p 500 go in the 4500 area. that means the powell pivot party rally will basically be a race. it doesn't mean the true piece of the rally will be a race but look at the rsi. this is a picture of some consolidation a

the s&p and the russell are negative. chris, we're heading into a big event on the market close.y say it's the biggest option expiration ever. should i worry about that, is that an opportunity, a risk, a fact, a quirk, what? >> i think it's more of a nonfactor at this point. the reason being, we're really concerned -- we think that the expiration has a big impact when the market stays kind of in the same spot like it did for the second half of november and beginning of december, and a lot of open interest builds up right around where the market is actually trading. that was kind of the talking point for a couple of weeks heading up into powell a couple days ago. now, what you have is a situation where much of the open interest, all of the puts, most of the calls, are below where we're trading right now. so they're not having as much of an impact. >> so because of this market move, maybe it's a little consequential than it would have been otherwise. chris, let me ask you about the vigor of the move we have seen. what other metrics do you look at? do you see signs that we're joef e

i like wayfair, doing very well in the russell. believable run since they reported that last quarter, and i think laura albert is doing an amazing job. it's indicative of what people are buying. you can go to the outlet and buy damaged stuff, but it's only the boxes, david, not the product. >> only the what? >> the box. go to tanger. well, let's say a box is bumped in transit. >> okay. >> you can get it, and it's substantially less money. >> oh, i see what you're saying. the outlets. got it. yes. okay. got you. >> but you don't shop, so what the heck do you know? >> i shop as little as i possible can. >> tanger is doing so well. simon ap simon property is doing so well. upscale mall. target today, that's strong. they're having an incredibly strong period. they are. >> i see you getting really bulled up here. >> it's just the it's the holiday season started off really strong. >> okay. you don't have to feel guilty about it. >> i'm just saying. >> just saying? all right. you ntioned disney. let'tell people the news here. cash dividend

and so the story in the tv show of how bertrand russell is able to persuade mrs. astor to attend the ball is actually a true story. but with arthur vanderbilt and the petite chateau and the architect who designed the petite chateau was this gentleman, richard maurice hunt, who is referred to as the dean of american architecture. he is the first american to study at the called a beaux arts in paris. i a second person is h.h. richardson, who people would know in boston who designed trinity church up there. the third is charles mckim, who was a senior partner, mckim and white and then after that, the floodgates just open and almost every architect's a consequence from that generation attends. you call the beaux arts, but a couple of exceptions. stanford white did not. george posted not. daniel burnham did not. but they did all make sure that their sons attended and when they were in paris, they learned not one style of architecture, but they learned about the architecture of ancient greece and rome, as well as the italian and french renaissance. and then they traveled

the trip on the refugee camp in the knolls. libertarians situation is getting increasingly dia at the russell border crossing with egypt. people have been seen scrambling to grab 8 of the trucks coming into garza, the coughing is the main route for food and all the aid supplies. the you and reports of the shop increase of hunger is seen now across the gauze of strip. let's call say that to target, capitalize the mark correspondents, a rough and southern gaza uncles at target because even progresses, let's just focus on the attack slit all getting on right now. and especially the focus of attention on sunday at jabante attempt. yes, it's not only devalue refugee camp that had been likely hit during the last couple of hours, but the value it didn't really refuge account has been on the east very intense compartment since the early days of this fighting which were up to them. october the 7th. well mainly during the last couple of hours, more than 20 palestinians have been killed and as strikes in devalue richard, you come with a 100 palestinians. also, others were wounded on what transported to

the numbers could be much higher as many do remain trapped under the russell. now locals. cons the local say that they can't comprehend why civilians are being targeted. the development of the cell. i was shocked to find my house had been bombed. i went to my 2nd home and discovered my son's wife and their children were injured. an 84 year old woman was also injured and buried under the breeze after the attack on our house. what crimes have we committed to deserve this is gather sentence to gradual execution with hundreds being killed daily. with southern gauze again came monday is rainy bombardment, over no arts, local health ministry officials a yet to report on any potential casualties from those lights and strikes. but yes, today i d. f. raids in the region did reportedly claim more than a 100 palestinian lives before the chair of people in hon. eunice. digging through the rubble and searching desperately for any signs of life for the remains of those who were killed, goes and authorities reports of the desk told across the enclave since october. the 7th is

the russell 2000 is up almost 1.5%. and gaining steam. its reason to stick with us, for the santa claus rally. vonnie: as you say, literally every stock, micron is up 1%. it really is a continuation of the narrative. when does the narrative change? one thing that might change the narrative's tensions, geopolitical tensions. oil is rising as tensions remain high over shipping disruptions in the red sea after a spate of poutine attacks -- houthi attacks. oil climbing after already rallying through percent last week. so let's bring in a simon casey with more on the energy markets. we have houthi rebels attacking a container ship in the last few hours that was transiting the red sea. this after shipping companies had said we will go back to the red sea because now this multicountry task force has our backs, which seemed like it was going to put an end to everything. now we have another attack. what is going on? >>/going on. on christmas eve, they plan to go back to the red sea. we're still waiting for details of this task f

that is not the case in the russell. that is at the center of the volatility and people are expecting more fireworks there. there has been divergence compared to the broader market. russell up 3% yesterday and trading lower. that is at the enter center of market action. that's where people are placing their bets. >> all about the fed. gunjan, thank you very much. >> thanks, dom. >>> coming up on the show, we have more on "worldwide exchange," including the one word that investors have to know today, but first the commercial real estate debate rolls on after a market-moving call from carson block. we'll speak with one ceo who is on the other side of that carson block short on certain parts of commercial real estate. >>> more on oil. a sharp move lower and why energy has been unscathed in the selloff. >>> and later on, nikki haley is facing heat in the republican presidential debate. we will breakdown the details. ve busy hour when "worldwide exchange" returns after this commercial break. tailor-made for trader minds. go de

moment. footage right, hell through an idea of strikes shows. roku, searching for any survivors in the russell in well, in the nearby who say, right, refugee companies 15 people were killed on stocks today. according to all acts, the hospital officials, office of the tunnel to arabic has this report from that facility of the we are here at our locks, a hospital, a medical facility that has been badly damaged. so many people are coming here because of b as rarely, rates which target civilians. in particular, it's making the situation worse. there's a lack of medical facilities here to deal with the severity of people's injuries. we will try to show you what the survivors are dealing with in this intensive care units. most of them are women and children. he was dr. sammy, all had top. the head of the emergency room had all locks the hospital. he will show us what sort of condition the victims are in when they are brought here. let people sleep in a doctors due to the ongoing conflict. a large number of casualties are being brought here to all locks a hospital with limited facilities. how do you

broadening of the s&p 500 and the s&p 500 and obviously the russell 2000. fantastic holiday season. rudolph the reindeer has arrived. it is all equity stocks. i'm so happy. larry: i'm all for it. tell her to cut taxes and regulations. that will help small businesses too. lower taxes, lower regulation. >> imagine, larry, this is bipartisan. she's a democrat. i'm totally both sides of the aisle on small business. who hates an entrepreneur? who hates the economy? none of these guys. larry: kevin o'leary, we love mr. wonderful. keep it up. i love bullishness. moving right along, coming up will somebody please tell me why the president of harvard university no less who now has over 40 plagiarism charges against her is still the president of harvard? oh, my god, really? then maybe a word on those colorado supremes. we'll talk to professor alan dershowitz next up. please, i'm kudlow. stray -- straight ahead. teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve. i recommend sensodyne. sensodyne toothpaste goes inside the

causing destruct sion in yet another residential area. locals are trying to find victims under the russell, but say they left the needed equipment. recognize that there are still people under the rubble. the civil defense is helping us, but we don't have enough equipment to pull the victims out. we call on data people an old world to put pressure for the strikes and gather the stuff of them. so i'm distressing images that have their many families our morning. their last relatives, including many children business places are had flood intense bombing in other areas. according to the latest figures from the palestinian health ministry, at least 18412 people have been killed in over 50000 wounded since the start of the conflict. this little girl was killed while sleeping in attend. our family was forced to the russell refugee camp, which has seen an increase in the flow of rustic refugees, the spice amounting strikes in southern plaza. how cities have no choice but to stay in temporary accommodations. right. in the city streets were correspondents that have been covering the war and gauze as

upside here even though relative strength may be short-term overbought but you like the russell0 here, don't you? >> definitely. you talk about excessive valuations in the market small caps are cheaply valued and the most important thing to remember about small caps here is that it doesn't take a lot to get that sector going and you just take the "magnificent seven." if you took the "magnificent seven" stocks and had their market cap and equated it to a baseball the russell 2000 would be a golf ball. you take a 3%, 3% of the market cap of those "magnificent seven" is equivalent to 12% of the russell 2000's market cap. so if you do see even a little bit of a rotation from one to the other, you can get a you know, a lot more bang for your buck so to speak in the small caps. just goes to show that you know, everyone seems to say it has got to this or that, megacaps or small caps. charles: right. >> i think you will not see the strength in the megacaps we saw this year next year but that doesn't mean they have to go down. they could consolidate for a little lit here. charles: i'm gl

claimed more than a 100 palestinian lives footage head of people in con eunice. digging through the russell, searching for any signs of life, or those of the remains of those who were killed. goals and authorities, reports of the death told across the own slaves since october. the 7th is now approaching 20000 with masses of people fed missing, buried in daybreak. that in this is the territory more than 52000 palestinians have also been injured in these rarely assaults, astonishing figures as well in terms of displacement now close to 2000000 gauze and use of being forced to leave the homes amongst all of the strips population and then the house was full of people full of human beings. why did they bomb it? we managed to remove some bodies, but where the rest of them, what crime did they commit? they fled from gather to die. here we were peacefully sitting in our house and suddenly all of our neighbors windows fell down. we ran up the house. we saw body remains in here. exactly. we saw the child's buddy cut into pieces. we were a glove to start removing him. i swear i remove that this, this

lisa: how would the russell 2000 outperformed the s&p and that scenario?mic growth, it supports the bond call. why then would the smaller companies do the best? >> people have been avoiding those stocks all year long and crowded into the other stocks so it will be about what's crowded. if you get nervous about the economy, people will say we need to cut our risk. if you don't own the russell 2000, you will's you -- you can't sell the russell 2000. that's the crowded trade and that's where people piled into two if we get nervous about the economy, that will sell off harder because that's where people are overweight. tom: where is 604012 months from now? -- 64 -- 60/40 12 months from now? >> that keeps going. i think you want to be probably underweight treasuries right now on that 60/40 and more toward the front end because the next move should be slightly higher. you still want to play around and you want these balanced portfolios and you want to see what we can do outside. for the first time in multiple years, i like chinese stocks. long-term, i don't want

the big story is the russell 2000. it was up yesterday. all other major indices were down. is interesting, the stock almanac says this is actually right here, if you look at the s&p 2000 versus the s&p 1000, small caps versus large caps, this is where historically they begin to outperform and if history is correct we could be in for a really good ride all the way into february and march of next year. of course there are some other things working right now, folks, because the question is, what kind of economy are we in? because you know for you to start making bets on the market you really have to understand the economic environment we're going to be in next year. goldilocks, disinflation, remain shun, stag flash shuns, pick which one you want. those set up performance, equitying real estate gold, investment trusts. this has been the hottest sector in the market. maybe we are in a goldilocks situation. i want to bring one more board up here before we bring in our top first guest. wall street, listen we saw a few up grades. nothing, no one was really bullish. now we're starti

we should hit the russell 2000 moving higher, up .4% right now. the month to date, since the beginning of december, total to 14.25% for the russell 2000. small caps have lagged but they're having a breakout bringing the year-to-date gains past 17%. treasuries also rallying. this is the rally of everything, gold, bitcoin, bonds and stocks. the bond picture. the 10 year note yield continues to move south, 3.84% and that is stimulating the positivity in the market. the 2 year goes below 4.3%. we are 30 minutes into the trading session. here are movers we are watching. bitcoin, another good day for bitcoin and related stocks like coin base and microstrategy. rally alongside the crypto cryptocurrency. tesla, the company plans to roll out a revamped version of the model y from the plant in shanghai. mass production could start as soon as next year. and amazon announcing plans to show limited ads on prime video at the end of january. customers who want to remain ad fee have to pay an extra $3 per month. as we turn back to the broader markets. fresh econo

small names will run up because of buying on the russell 2000 and 3000 etf's. also, hedge funds have so much concentrated money, they can bring names up. it takes one hedge fund to bring $5 billion stock up. we should have optimism. there's excitement. the market has been kind to so many. shouldn't think suddenly we will see rates get cut. the fed, paul they are doing is trying to make sure they have the bullets they need, if we have some geopolitical or exegetic shock, or if earnings end up not being where earnings expectations lie. shery ahn: the final earnings season of the year. jp morgan in one month. interesting the profit outlook has not changed, despite the incredible rally in stocks. what gives? well give? hilary: credit quality. 30% rate credit cards. i'm seeing the money sloshing. people are able to get $40,000 of credit, and they are spending it. there's a sense of irresponsibility out there. that will be an issue. financials themselves, banks will have a problem. we've had $10 billion of ipo's instead of $100 billion. there have been cross-border t

the media. we saw this with russell brand _ in the media. we saw this with russell brand on _ in the media. in the media. we saw this with | russell brand on the side of the pond allegation is made and forcefully denied and very quickly, others come forward. that forcefully denied and very quickly, others come forward.— others come forward. that could potentially _ others come forward. that could potentially happen _ others come forward. that could potentially happen as _ others come forward. that could potentially happen as well - others come forward. that could potentially happen as well but i others come forward. that could j potentially happen as well but in the us, you are innocent until proven guilty and just because someone asked allegation this miniature but the fact that you have multiple allegations, those are some serious things however, trumped up multiple ones about him and that didn't seem to have any effect on him. ., ~ didn't seem to have any effect on him. ., ,, , ., didn't seem to have any effect on him. ., ~' , ., , didn't seem to have any effect on him. ., ,, i. , . ., d

fear of recession, the fed would be to stubborn not to leer rates and going into recession and the russell 2,000 and small mid cap flexible stocks and the flexibility of the fed could very well mean that is a type of stock that will outperform in 2024. liz: boy, it's good to see you and i hope you have a good holiday and going to start off nicely if people are long or bulls. ththank you, professor. >> thank you, liz. liz: a lot of stocks have been spasming in the wake of the press conference we had and some are moving up. intel, can we look at intraday of intel? it was lower earlier and popped a buck to the upside right now from its lows of the session. intel is not necessarily magnificent seven stock, but could it be heading in that direction? the stock has gained 66 -- well now at 67% year-to-date. changing as we speak. and ai is very much a push for the chip maker and could it then help dawn the magnificent seven crown in 2024. here from reaction from the c suite about the fed and future of ai is intel ceo pat gelfand gelsinger. what do you make of what the federal he serve looks to do

i'm scott wapner front and center this hour, surging stocks, another record highor the dow the russell ripping again, and the investment committee debating how far this bull run could go joining me everybody at post nine, josh bown, stephanie link, joe terranova, jenny harrington. we are at a horde high for the dow. there's been a clear shift in sentiment, josh. no doubt about that. bank of america, most upbeat since january of '22 >> i can't believe it. >> with it this pivot money is flowing into stocks. >> so stocks go up a lot and then people want to buy them >> the tried and true tradition. >> there almost something there. the prhecy fulfilled, pretty much on the show everyone has been sing if we can get a tame pce report this fall preceding the last f rate hiking opportunity, they wouldn't take the opportunity, which was consensus if you look at the fed tracker tools,ut, more importantly, no further reason to be on the sidelines or to sell that chase into year end is exactly what you're seeing play out. it's tough being in this business not owning the s&p 50 that have done what th

the russell up 1, dow transports up 1.25% or 18 # 7 points. right now the transports, which beyond the package delivery names also include the airlines and the railroads, has swung from yesterday's $378-point -- 378-point loss to a decent gain, 188 points at the moment to the dow and the nasdaq after their worst session since october, both in the green. the dow is up 145 at the moment. doesn't erase the 47 # 6 points slashed off the blue chips wednesday. and the nasdaq gaining 115 points. micron is definitely giving the nasdaq the biggest lift here. the chip maker is soaring. 5 -- 8.55% to an 18-month high thanks to its prediction of strong recovery next year in its supply-demand balance for its high-end memory chips. but overall, the markets are being plumped up by not too hot, not too cold data. weekly jobless claims ticked up by 2,000 to 205,000. that's below the 215,000 estimate. this is a number you do want to see below. basically, that underscores we still have a tight, healthy labor market, for sure. while the final print of third quarte

the russell down by 1%. it is outperform the s&p the last few days, reversing that dynamic a touch. 10-year gilts at eight basis points come the lowest level since august. -- 10 year yields at eight basis points, the lowest level since august. we are very close it feels. guy: absolutely. interesting to see the difference between both sides of the atlantic and the similarities. the top part of this chart, stoxx 600, doesn't look much like the united states. a different kind of feel in terms of european stock so far this year. what we're seeing is similarity, the bottom, rsi. you get up to 70, we are at 71. that was suggest this market is a little overbought, which takes us nicely back to our russian of the day. alix: i puts or calls. have we been overextended this point? joining us now are two guests. what, puts or calls? >> it depends on the timeframe. given the market is probably running a little bit hard and with the gains in given the option data shows put are not terribly expensive, the short-term trade h

daniel russell from the asia society — aggression. ression. daniel russell from the asia society and policy _ aggression. daniel russell from the asia society and policy institute, . asia society and policy institute, many thanks for your time. mi; many thanks for your time. my pleasure- _ around the world and across the uk, this is bbc news. let's look at some other stories making news in the uk. british teenager alex batty, who was found in france after being missing for six years, has returned to the uk. alex vanished with his mother and grandfather, in 2017 while they were on holiday in spain. his mother was not his legal guardian. alex was found on wednesday last week by a motorist, who spotted him on a road near the french pyrenees. arsenal legend ian wright has annouced he will step down as a pundit for match of the day at the end of the season. mr wright made his debut on the bbc programme as a player in 1997 and became a regular pundit in 2002. writing on social media, he said the decision "had been coming for a while" and was

all this suggesting less momentum with the higher highs for the russell 2000. some can dollar late -- some consolidation ahead. will there be some consolidation outside the top of the range or will we go back into the old? something to take a look at. let's look at some of these individual movers. we have simpson manufacturing up. microcomputer and wonder, some of these companies we are not so familiar with, but investors in these stocks over the last two months must be loving it. guy: absolutely. it has been an incredible run. what inventory data showing that crude oil inventories rose over 2 million barrels. existing home sales taking higher last month. the further south you go, the better it gets. we are coming off of a 30 year low. to your downturn in the numbers have been caused -- two year downturn in the numbers caused by higher borrowing costs maybe abating. skylar olsen, zillow's chief economist, joins us now. the cyclical bottom is in now for the existing market? what happens next? skylar: that is what we are certainly hoping and expecting. zillow econ

can't ignore the russell. it is erupting. see, i'm going with the volcano know thing here. it's erupting by 35 points, biggest percentage gainer, up 11.7%. that's a 20-month high. and we've got to mention fedex, quarterly earnings delivery arrives after the bell. shares of the package service have had a banner year, gaining about a 62%. barclays optimistic ahead of it. in fact, ahead of the reveal it's hiking its price target from $300 to 330. right now shares at $2811 and change. and optimism around meta, you can't ignore that one. shares pushing to a fresh 52-week high of $350.63, that's a gain of 11.7%. -- 1.7%. investors who bought at the start of the year are looking at a 193% windfall. so the bulls are partying across many areas of the spectrum of investment, but with apologies to the wizards of waverly place, everything might not be what it seems. so says ed fran if chess coe, warning not to get stampeded by the bandwagon jump ors. carnivore trading's dutch masters is crunching the fundamentals, and he says conditions are excellent for the bull to continue to move ba

october and november, the russell 2000 is in a bull market but that bull market is in a range. up about 1%. the dollar index is down about .5%, continuing that trajectory as yields go lower. 10 year yield below 4% at three point 90. everybody expecting the fed to cut next year, but how much and how soon? some disagreement. two year yield also down. an interesting range. we talked about how if it broke solidly below the two hundred day moving average, now rounding down, we are likely to follow the 10 year yield back below 4%, the levels it was at during the silicon valley banking crisis. housing starts out today, the estimate greater than 1.5 million housing permits, down the slightly more than expected but aligned with the last three months. homebuilding stocks getting juiced up by the idea that mortgage rates may continue to go down. alix: and we still need supply. let's get to new home sales, just blowing past expectations. six-month month high in november. mark grayfield is -- the u.s. is the largest market. if you are remodeling, building a new home or office or changing an

and the russell 2000, this is a fantastic holiday season, rudolph the reindeer has arrived, all, quit it, tell her to cut facts and regulations that will also help small businesses. >> lower taxs. >> bipartisan, imagine this is bipartisan. she is a democrat, i'm both sides of aisle on something account, who hates a entrepreneur, the economy? none of them. larry: k kevin o'leary, we love mr. wonderful. >> moving on, someone tell me why the president of harvard university, no less who has over 40 plagiarist charges again her is still the president of harvard, oh, my god, really? then a word on colorado supremes we talk with professor alan dershowitz coming up, i'm kudlow, ahead . and , i pay no account fees, and earn a competitive apy. sofi can help you fund all your ambitions, no matter how big... or small. ready break! like investing in the athletes of tomorrow. (♪) [time clock sfx] the new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where you're heading without fingersticks. dexcom g7. so easy to use, you can manage your diabetes with confidenc

. >> the russell 2000 up yesterday. oking at is this the way people are selling what they can to buy things that have upside potential. jonathan: -- tom: annmarie hordern with us this morning. i have a lot of political questions about the fed. a bloomberg poll this morning. what is new about the polls in january. annmarie: the first time trump has a lead ahead of biden in chicago -- in michigan. he now has the seven swing states that we have been polling prayed in october biden still had michigan and now that goes to trump trade it's still within the margin of error but biden is losing support from these groups he has to win. talking about black americans, young americans and women voters. what you will see is potentially the fact biden could build on this. it's about bringing back in the people who voted for him in 2020. it looks good for the former president. on the economy, people trust trump when it comes to everything, and not just kitchen table issues that interest rates. they trust the former president. there was

the 1st russell said that the, the safety of their employees is of all most importance. cool seating the challenges to ration the, the rats and the say that they're going to do to continue to reserve the ship in the tanks to the new national of the maritime source being formed by d. i see in the red sea, however, the uh, the does, the company is also saying that they will not hesitate to have been re distribution if a venture just was the cause, any kind of draft. and that we do not know as of now whether it was because of the pressure that is coming from the i see that they made this decision or whether this is an objective assessment. because earlier they haven't noticed that they are going to stop. they will petition and not only myers evergreen high paid mold floyd cma group, and even the all wheel drive the giant oil company. but it is petroleum said that they might stop, they will patients that goes to read the due to the challenging security situation here. and by doing that, of course, it's a significantly adding to the prizes the shipping cost and also the loss

largest city are urging people to head towards the mediterranean coast or further south towards the russell border crossing with egypt . these really military says it's targeting him us, which is classified as a terrorist group by multiple countries. the world health organization says that the situation in gaza is getting worse by the hour. in hon eunice residents say they are running out of safe places to go as well. savvy, a little bump. bomb and surround they, savvy of southern gaza, is now relentless with the number of dead, and in just being delivered to this hospital growing by the way among them. abraham's 2 month old son ad, none. and so it just stays into this conflict. and now lying injured on a hospital bed again, i told us to leave god. so there's a warning cause of so we left the north and came here to the south just like they asked. but this is what we found in the south. there's what can we do? this is my son. he was born on the 2nd day of the war and we haven't been able to register his birth. yes. that did that. as well as military has cold, some more evacuated sions in sou

the companies that are going up are good companies, ten to be russell companies that have been left behind>> but you're questioning, what, the valuation at this point given the growth rate? >> i'm just questioning -- let me be more specific. when i see it, i say maybe you ought to wait until 5 to 8% pullback because it seems unsustainable to me. that logic, carl, is not welcome along the people who own these stocks >> well, maybe they're pointing to the almost $6 trillion in money markets and this idea that households are not going to sit back and watch stocks rally without making -- fomo is going to take place. >> yes when you look at the companies that are being bought, they're all good companies and they've all been left behind but what i worry about is, let's say you come in in 2024 and, david, you haven't taken profits because you didn't want to pay taxes. well, as soon as we get to 2024, maybe that's when these people will say, okay, look, i know there's fomo, but i also would like to take something off the table. it's not all craziness i think the people who say i have a good win, i

it is the russell 2000, the s&p 400, it is all the beaten-down names with interest rate sensitive namesthe interest rate sensitive sectors that have what they have been looking for and that is relief. you see that reflected in the two year yield, down 40 basis points over the last two days alone. further weakness in the dollar which works to the benefit of many of these corporations. look at the names that are moving. a lot of the interest rate sensitive names stocks like carvana and gamestop are higher on the day. real estate companies are up as well as the banks. jay powell and the fed, this is what they said in terms of interest rates and the idea the fed is now starting to see the market on his own terms and that's a market that wants to see lower rates. >> we did not discuss rate cuts at all. >> clearly a disc -- a topic of discussion the world and a topic of discussion in our meeting today. >> no discussion, no debate on this issue. >> inflation is still too high and bring it down is not assured and the path forward is uncertain. >> should we lower our guard? we ask ourselves that