i will ask victoria fernandez and warren pies at 2:30.xt guest rather, saying a soft landing is a goldilocks scenario. i'm sorry, there is victoria. victoria is next on that. the goldilocks, is it a fairytale or not? victoria fernandez will fill us in next. ♪. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. providing for your family is a top priority. but what happens when you need affordable health care? christian health care ministries could save you up to 40% today. as a member, you can choose your provider without network restrictions. sign up at your convenience with our anytime enrollme

this is "fast money" live from the nasdaq market site on the desk, tim, and our guest trader victoria fernandez. thank you all for joining us here tonight we are going to start with a sputtering end the dow gaining while the nasdaq and the s&p were lower on the day. all three indexes well off their lows after a hotter than expected inflation report. wholesale prices rising more than forecasts in july both the nasdaq and the s&p posted their second straight week of the losses, the first time the nasdaq has done that all year now focus shifts to the next crop of earnings reports with the retailers. those are the big headlines we will see next week home depot first, walters, target, tjx, along with others target is the big exception. what can we expect to hear from these names in next week and will they give the market support to turn things around? obviously, a lot of big names, two dow components, home depot and walmart. we really care what walmart has to say about the state of the u.s. consumer. target, though, is undervalued, down 17% since last reported what are you expecting out of these nam

and five straight months of gains and the dow is up four of last five months let's bring in victoria fernandez i want to talk about the past 25 years or so where august has been weak. down almost 1% what do you think? are we setting up for an august swoon? >> we could be, frank. i would say over the last couple years, the market hasn't pe performed in the way it historically has i don't think we can all automatically see that will come through. the consumer and job market was a strong foundation in the economy even in the face of signs we shouldn't be as strong as we are. i would not necessarily say rely on the fact that august is traditionally weak we need to wait and see with the data and if we see central banks pull back with the reserve bank of australia this morning, that could be a boost for the equities >> we have seen a lot of bullish moves. you are taking on a different take what is the wex word of the day? >> my word of the day is resistant. i think it shows the equity markets have resisted some of the signs that we have seen out there that tell us we probably should be in some type

joining us chief investment strategist victoria fernandez.es that consolidation take place and at what point in time and how do you see some stabilization in treasuries, which have been quite volatile this summer? >> yeah, they absolutely have. i think you have to get stabilization in the yields in the bond market in order to see the equity market take a sustainable move higher. where do we see that consolidation moving higher? in the equity market we're anticipating 4200, 4300 for the s&p. we've been saying all year long we thought we would have a mild recession or at least a significant pullback towards the end of this year. so nasdaq is back, what, 6% so far this month. we're getting close to the 7% to 10% pullback we were anticipating. but we've got to see those yields come down a little bit. i don't think that's going to happen until the federal reserve comes out and says what their plan is in regards to cutting rates. so many people thought they were going to cut rates this year. that was never part of our outlook. we do think they'll c

jonathan: victoria fernandez.to their crystal balls, trying to work out what chairman pal is going to say on friday. it is amazing what bloomberg terminal users get fired up about. here is a quote for you. "it is massively impressive and a brilliant discipline. it ain't a sport." you go, on artistic swimming. lisa: in the south artistic swimming refers to someone's ability to stay afloat without getting water in their beer. jonathan: good to know they are focused on that. lisa: and not anything else we are talking about. jonathan: the s&p 500 positive by .4 percent. equities a bit higher in the face of yields at multi-decade highs. 4.314 two. there is still sedated to come, early september. i think the very first day of september there is a payrolls report. then it is on to september 17 for cpi. lisa: they are data-dependent, so which data is going to make it or break it for them and what point is it three month trailing? what is going to cause some reality check where they feel they are on the right path? jonatha