Ppp money that he took . And, of course, today juneteenth, and the calls are louder than ever to make it a national hospital. What i think this means for our nation. All that and so much more on making money. Request. Charles so this week has seen extraordinarily light volume, a negative breadth which has been masked by these innocuous closes, right . Down days nothing dramatic. Now, one dilemma i think particularly for Institutional Investors is getting forward guy dance right and valuations. Its certainly understated right now that earnings are going to be a lot better than official wall street estimates. Now, in a different environment the current valuations would certainly be a major deterrent. Many old school investors are hesitating. One thing are these yields across the board on stocks, bonds and other investment instruments. Is so more than likely the catalyst to sort of get them off the sidelines and that big money into this market would be higher markets. Of course, the higher the market goes, the more pressure there is to push that money because when it comes to making money, well, you know what . I think if the new money comes in, it creates a whole new set of opportunity. I want to bring in brian bellscan. I want to start with the idea that theres mounting pressure on these professional money managers. Listen, theyre in business to make clients money rather than give excuses. So all this cash on the sideline, how does it get into this market . Great question and thanks for having us. The institutional money manager, charles, has really had a hard time through this. First of all, the majority we actually the talked to got on the market late in may. Youre seeing that indecision, quite frankly, which you talked about at the beginning of the show, lots of indecision, lots of volatility and innocuous, as you said. The closes really speaks to not a high amount of believable. So we would say theres a huge tugofwar as you talked about in your preamble with respect to being a growth and value investor. Were saying why not be both . You can own the best companies in both categories, and i think the notion of it being an either or, i dont think it works in this type of market environment. What works in this type of market environment bottomsup stock picking, and you are going to find good value opportunities and great growth opportunities. So i think status quo, were in a bit of a news vacuum between earnings, and i think youre spot on, the earnings projections are way too low. Companies are going to beat them, and then were going to feel better about having real earnings to chew on for the second half of the year. Charles your Overall Investment thesis has always been were in the long term of a stock market rally, and this is still just sort of the beginning . Yeah. We came out in 2009 and said that the market was entering a bull market, and in 2010 we clarified we just had one of the best buying opportunities for the second half of the bull market here in march of 2020. Theres no doubt were going to see some volatility. Its not straight up from here. Stocks are rarely linear for long. I could continue to throw these great adjectives at you, but the market is due for a sideways type of movement. Summer usually sees that, and a lot of investors are worrying about a, quoteunquote, blue wave or secondaway. And then we talk about second wave. And then we talk about the individual and Retail Investors popping into the market. I think a lot of that is rhetoric. We still think the fundamentals are the best positions here in the United States. Thats why we like tech, communication services, Consumer Discretionary and participants of parts of the big banks. Charles you just is talked about the blue wave and, of course, the covid wave. So far today we just had the cruise line industry saying were going to suspend all trips until september 15th. Apple closing some stores in south and north carolina, also in texas and arizona. So youve got those issues that are obviously spooking certain parts of the market. Airlines were higher, now theyre lower. Cruise ship were higher this morning, now theyre lore x. On the other end of that address that, and then i want to get back to the potential blue wave. Right. So first off on the travel stocks, i mean, clearly these are the areas that actually is have problems with respect to fundamentals before covid. They were accentuatessed during covid and now, obviously, they have to go through massive fundamental changes. They do. They clearly do. And weve seen a lot of volatility and kind of bottom figure, and weve seen a nice rally. Now they probably need to find a range, im sorry, but more importantly, they need to put up some results. And well e what this new postcovid environment in terms of opening up the airwaves works. We still think were going to see some consolidation in the cruise and restaurant area, and i think were going to see some consolidation. With respect to the blue wave, you know, from our view its way too early. In our Conference Calls with clients, this week its been a predominant theme, charles, and i think were jumping on that wagon way, way too early which is typical wall street trying to get ahead of things. Charles i hear you. By the way, if historys any indicator, we shouldnt be paying attention to polls this early anyway. Brian, have a great weekend, my friend. Thanks for having us. Charles joining me now, heather dem rag georgia. I want to get into something i saw very intriguing this week. I was just talking to brian about the potential stumbling blocks not just for the stock market, but for the economy. You know, the medias pounding the table on the covid19 thing, and i think they did that in a way so any kind of news like the apple closing a few stores is magnified. Where are you coming from with respect to where investors should be in this market knowing that its inevitable that there will be more cases, but more than likely states will not be closing down . Well, i think you stick with whats working. In the s p 500, for example, most of the gains are because of technology and the Health Care Sector that comprises over 50 of the entire s p 500 index. So whether or not states close, which i dont think they will and florida, for example, Governor Desantis has said we needed to shut down the first time, but were not going to shut down now, then in that case i think you still stick with the winners regardless of whether the economy shuts down because there still is a lot of skepticism out there. Charles you know, speak of skepticism, i thought about you when i saw this, harvards showing that the richest quarter of americans cut their Consumer Spending more than any other group at the height of the coronavirus pandemic. Invariably, that hurt low income jobs, obviously. The point is that in the last two days ive seen all kinds of articles, right, from npr and other liberal outlets saying that the rich let us down. But it seems weirds because they always say weird because they always say theres no such thing as trickle down in the first place. I dont think you can have it both ways. I dont think you thought of me because i was in the rich or wealthy category, right . [laughter] i think id put you in that category. Theyre pointing their bows and arrows, im not quite there yet, but i do aspire to be. Charles i hear ya, okay. [laughter] trickle down economics was popularized in the 80s and the theory saying if you cut back across the board, especially on corporations, that it would benefit overall americans. President trump, obviously, a believer in the theory when he cut corporate taxes down from the highest rate in the world, 35 where we were not expectative on a Global Competitive on a global perspective. And prior to the pandemic, the lowest Unemployment Rate on record, as you know. We had a booming stock market and a booming economy. So its just funny that when things are going well, you say, well, the wealthy dont matter, they dont contribute. And then on the downside you blame the wealthy for not spending enough. And thatd be you, charles. [laughter] charles all right. And you know whats really interesting about, that heather, that so far, i mean, im not sure what the prevailing topic will be or subject will be that decides who wins in november, but, you know, were not hearing a lot in terms of economics, you know . And i guess thats maybe because President Trump still falls very well there. But for anyone to want to undo what you just described sounds nuts to me. Youre right. I mean, when you look at a democrat presidency, they want to increase are taxes and in increase taxes and increase regulation. President trump has decreased taxes and unnecessary regulation, cutting red tape for the Small Businesses who are really hurting the most. I mean, i think theyre even the true victims of all the rioting thats going on right now, the Small Businesses. It just depends, obviously, in november where your ideology stands. And i think that if you look at the economy and as were rebounding from covid19, a selfinflicted shutdown, thats what people will vote, vote for at the ballot box. It comes down to the economy. Charles all right. All right, well see. Heather, always a pleasure. Thank you. Yes, sir. Charles all right. So with all the news out this week, the question is and now texas, has it become the new epicenter of the covid19 pandemic. Im going to be asking congressman Roger Williams that next. Plus, he responds to the outrage surrounding reports that he personally benefited from the ppp loan program. And the terminator taking on face mask. Arnold schwarzenegger declaring anyone make it a, quote, political issue an absolute moron. But can statements and local governments really states and local governments really force you to wear one . Well get the answer at 2 30. Well be right back. Charles well, Texas Governor greg abbott blaming a rise in testing for the increase in covid19 causes, but as testing has gone up, is so of course has the positivity rates. Texas continues it aggressive reopening plan. Some are suggesting it might be time to hit the pause button. I want to bring in texas congressman Roger Williams. Representative williams, the new narrative that texas the new epicenter of the covid19, and maybe they should shut down the Lone Star State. Well, look, its a concern anytime you have these cases spiraling, but the governors done a really good job. We already tried to shut the Lone Star State down, it didnt work. Were open for business again. Its a fine line. Our hospitals are not overrun, theyre not overflowing. Were getting more testing, as you brought up, so i think were on a pathway to get this thing where we can live with it better. But i dont think you shut texas down. I think we learned a long time ago, back in february and march, you dont need to be shutting the economics down of this country, the greatest economy in the world. Charles ing so the state is okay with hospitalizations, icu beds, all those things right now, theres no sense of panic . I dont think we need to panic at all. I think we need to stay the course the governor has set us on. The health care is moving forward. Weve got testing, weve got equipment, and so weve got to stay on that path. I think we get more done by letting the economy grow than we cotrying to slow it down. Do trying to slow it down. Charles for me, i understand and i think our audience understands theres a lot of political motivations for making texas the story or florida the story. They opened soon, they were aggressive, theyre red estates, you know red states. Californias had an explosion in cases as well, and its not the story. Im glad youre here kind of helping us straighten it out. If its under control, thats even better news for everybody. We think its under control and, youre right, texas. Somebody can use texas as an example. Whether it be positive or negative, they do it. The governor came out with a plan, and i tell you texas did a great job in doing what they were supposed to do from social distancing, to masks and equipment. Thats one of the reasons we were able to open up as quick as we did, because people did what they were told to do. Charles youre one of the wealthiest members in the house, but political reporting that you and three others have benefitedded from this Payroll Protection Program ostensibly designed for Small Businesses. Could you clear the air on that . Yeah. I mean, i dont see where the problem is. I own a Small Business. Been in business since 1939, have hundreds of employees, are grand pas, grandmas, i have single parents, i have veterans working for us. My industry, the auto industry, were hit really hard but the pandemic, and we, we applies through our bank applied through our bank for a ppp loan. We got it and its worked. Im glad we did it. I mean, why would i not want to stay competitive with few opponents . Why would i not [inaudible conversations] my employees. Charles sure, sure. Money is fungible, so is in any way to say i specifically didnt take any money out of the batch, this ppp money that was designed for me to keep, retain employees . Well, we applied and we have to adhere to the payroll rules expect other rules and allow and the other rules and allow for rent and utilities and so forth. We have to be able to prove that. But the fact of the matter is there was nothing in the bill that said members of congress couldnt participate in this. Theres not enough Business Owners in congress, but i dont regret it at all. Its helped keep my people working. We havent had to lay anybody off, and its one reason we see the program working so well with main street america. Charles right. And for the record, i have, i also own a Small Business, and i also received ppp money. Yes, youre absolutely right, perhaps you think it was a cheap shot then . Oh, i think its a cheap shot, for sure. I mean, the fact of the matter we did everything on the up and up. I didnt personally benefit from it. Ive got hundreds of employees. They benefited frit. I think theyre glad that they they that we made that decision. I wouldnt be a good ceo if i havent. Those who want to challenge it, i dont know what theyre thinking. But its keeping the economy going. And more than likely, those complains are keeping their complaining are keeping their job because the people they work for have been able to benefit from a Strong Economy coming back due to ppp. Charles yeah. We all benefit from a Strong Economy. Let me ask you about juneteenth. Its, now weve got a lot of calls for it perhaps to be a national holiday. Of course, happening in your state, galveston, just your thoughts about how it exploded in terms of the National Conscience and what it means in your mind for our history x what should we do about the legacy of it Going Forward . Well, you know, theres no question its been brought to the forefront. But juneteenth has been a holiday in texas sin 1980. I mean since 1980. Were used to that. So i think its a tremendous at the moment Income History that we need to, we need to be aware of, we need to be in remembrance of out. Looks like theres going to be a bill come out of the senate to make it a national holiday. We certainly would be supportive of that. But in texas, like i say, weve already been used to juneteenth and what it stands for and the celebration of it. Charles congressman, thank you very much. Appreciate it. You answered a lot of questions that we really needed answers, so we appreciate it, and happy juneteenth. Thank you, charles. Thank you. Charles hey, folks, face masks of course now are becoming a a flashpoint as the economy reopens. Can states and cities really force you to wear one . Attorney jenna ellis is going to weigh in at 2 35 on that. This is a pivotal time in our nation that could sprint ahead and really the evolution that weve been on since day one. Im going to share my thoughts on juneteenth at 2 30. Yyeah yeah hey, hey yeah some Companies Still have hr stuck between employeesentering data. A. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Charles so, folks, are we witnessing a moment of what they call meaningful media . The covid19 pandemic and the protests created what many believe is an unprecedented time, and we know the consumers attention is no longer undivided. Everyones watching. To should media tilt more toward an empathetic tone, or would that cloud the neutrality that was a hallmark of the Fourth Estate . I want to bring in District Media president beverly hallberg. Beverly, its really interesting. Every time i toggle around the channels no matter the topic, theres a different tone and almost a completely different interpretation of the news where many are now saying there should be more empathy. Whats your thought . Well, marketing is about connecting, and i think its good when brands can connect with the struggles that people are facing in 2020. It is a good thing. However, i do think in a very polarized environment that were in that companies do have to be careful. For example, its good to come out and show support of us celebrating the end of slavery on june teeth, but at the same time Something Like juneteenth but at the same time Something Like black lives matter, a company may want to align themselves with the mentality that black lives are important, but they may want to distance themselves with the political group. Wanting to connect with what people are feeling, knowing that in a very polarized environment that could actually turn off customers if they dont handle it the correct way. Or. Charles what about the news media . We saw where, obviously, the majority of the peaceful protests, think a lot of it was because it happened during the day. But at night, you know, the anarchists and everyone else kind of usurped it, the rioting, the looting. All of it was described in such a manner, in such a sympathetic manner that youre watching someones livelihood or Small Business go up in flames. And so i feel like you can cross a divide there where youre no longer even giving the news, you might actually be encouraging the wrong things. Yeah. I hold the news media responsible for a lot of the inaccurate reporting. They may have only shown one side and not the full picture. It is okay to talk about the horrors of george floyd being killed and also talk about it being horrific of that Small Businesses are being looted. I know me personally one of the businesses i go to one block away from where i live, a little grocer, all their windows were bashed in, theyre still boarded up, and these are businesses that are already struggling from covid19. I do think the media has the responsibility to report the full story. I dont think thats always getting out there, and i think that not only can scare people about what is actually taking place or not concern them enough if they think everything peaceful. Charles beverly, thank you very much. Appreciate it. Thanks, charles. Charles all right, folks. Well, it is happy juneteenth, and today we celebrate the nations victory over the insidious idea and practice of slavery. The founding fathers, even with their own flaws, had the wisdom toll create a document that would to create a document that would eventually lead to freedom of all americans. Juneteenth also marks the celebration of freedom through a kind of selfawareness that has been the hallmark of our nation and acknowledges that even positive change, though, doesnt always come easy. And today we are also facing a seminal moment until time that will require not only selfawareness as a nation, but each of of us as individuals. Once again, we can lean on our history of evolution rooted in the words of the constitution. Im confident that were moving in the right direction. I have always been proud and i know i am blessed to be an american. Today im prouder than ever. God bless america. Well be right back with more making money. Just over a year ago, i was drowning in credit card debt. Sofi helped me pay off twentythree thousand dollars of credit card debt. They helped me consolidate all of that into one low monthly payment. They make you feel like its an honor for them to help you out. I went from sleepless nights to getting my money right. So thank you. Charles all right, folks. A lot of dispute out there over masks once again as covid19 cases are on the rise. We saw today where amc said theyre going to reopen movie theaters across the country, and you wont have to wear a mask. Practice, though, if you go to a movie in california you will, because gavin newsom is saying that hes going to to make them mandatory. So i want do President Trumps attorney, jenna ellis, about this, about two things here, jenna. This is something that youre very passionate about, individual freedoms and also the constitution. Lets start with just the idea of the freedoms, you know . Because these are becoming controversial. Some people dont want to wear the max. They think it infringes on their freedom. First, charles, your talk about how proud you are to be an american resonated with me so much, and i loved that because this is about personal liberty and freedom. When were talking about mask wearing and things that really change the nature of our personal liberties moving forward, we have to ask in context, is this reasonable, is it rational and also what is it trying to prevent and is it constitutional in the context of what the scope of the order is. So, for example, in california gavin newsom is doing this through executive order. Thats clearly unconstitutional because this isnt a law. He would have to do that according to the provisions of the Emergency Powers that are granted to hum under california state to him under california state law. To if anyone in the country, any governor is trying to do this and require masks just through Emergency Powers, that is likely unconstitutional. So this would have to go through a state legislature, and that nature of the debate really asks the same kind of question that mandatory seat belt laws, helmet laws, those types of laws ask. Is the risk of not doing that activity worse than the burden of the encumbrance and the infringement on our right if the government requires that. And for a mask, i think a lot of people in america dont want that to be the new normal, and we would say resoundingly, no, were going to reject that if that came up in the legislature. Charles yeah. I found out interesting that the ceo of a major corporation, particularly a movie theater, would say that they would be optional. Of course, theyre going to have social distancing and take other precautions and, of course, this is intriguing because President Trumps going to have his rally tomorrow, and he certainly wont be wearing a mask, and hes going to be facing a lot of criticism for that. Yeah. Well, some masks will be provided at the rally, but they will be optional, and thats according to the state law. So, again, people can choose to wear a mask if they feel more comfortable doing so is, but its not something thats going to be imposed on that person and mandated. And i think thats where the balance is because life, charles, is an inherently dangerous activity, and we dont always say that to provide safety in all circumstances and trying to prevent any spread of any illness or any sort of risk of harm worse, unfringing on peoples personal infringing on personals autonomy, going out in pluck, attending mass gatherings. So while it made sense for a little bit as we were trying to crush the spread of coronavirus and crush the curve there and, you know, spread stop the spread, then that made sense for a little while. But now i think were moving back into the normal of what americans have come to expect from their daily life. And we would rather have personal freedom and autonomy than that sort of infringement and burden. Charles i want to ask you about reports that President Trump says hes going to renew the effort to end daca. This, of course, after of the Supreme Court shot down the administration yesterday. I will say though, jenna, it seemed to me that chief Justice Roberts offered a blueprint on how to actually get this through the Supreme Court the next time. So whats the next plan here . Because i thought, ultimately, President Trump wants to win in the Supreme Court so he has a strong hand at getting a resolution that really not to get rid of all the Daca Recipients per se, but a smart resolution to a problem thats lingered throughout a few presidencies. Yeah. Well, first, that Supreme Court decision was patently absurd because President Trump was rescinding an order that was illegal for president obama to issue in the first place. For him to rescind that, he has been trying to work with congress to create a comprehensive immigration plan for dreamers, and hes been very clear to congress that hes willing to work with them. So this Supreme Court decision was absolutely ridiculous on its face and allowed for executive orders from administrations to then bind future administrations in a way thats really not sustainable and is not constitutional. Charles right. So i think moving forward, President Trump is definitely looking at the options. Hell be working with dhs, hell be working with the other members of his administration and, hopefully, congress. Really this is up to congress. Article i, section eight gives the subject matter of immigration to congress. They are the ones that need to take this up and not rely on an overreaching executive or judiciary. President trump has stayed fully within the margins there, and this shouldnt be up to him to have to correct everything. We need to be able to turn to congress, and what are they doing . Nothing. Theyre celebrating this decision, the democrats, because theyre basically saying, great, you know, the president s doing our job for us, and the Supreme Court doing our job for us. And thats not the way this country works. We have a separation of powers for a reason. Charles yeah. We saw a lot of the Daca Recipients i wont say kids because a lot of them arent children anymore actually getting upset at democrats for not taking a handle and getting this resolved. Jenna, thank you very much. Thank you, charles. Charles coming up, folks, spotify getting two upgrades this morning this after an already monumental move. Get out a pen and paper. Already, ahead of the tulsa comeback rally, some have been camped out as early as sunday night. This is the president s big chance to unite our divided country. Fox nation host david webb is with us next for his take. Well be right back. 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So ditch the old way of selling your car, and say hello to the new way at carvana. You say that customers maklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Charles text messaging circulating through the new York City Police department calling for members to strike on july 4th. This in protest of recent antipolice rhetoric and budget cut proposals. Jackie deangelis joins us with more. Reporter weve seen antipolice sentiment across the country, and officers within the nypd are contemplating going on strike on july 4th. This is a play on independence day, if you will. It would be to let the city have its independence without cops around and, basically, theyre saying were going to give them a glimpse of what life would be like without police if the Police Department was defunded. So those Text Messages are stating things like nypd cops strike on july 4th to let the city have their independence without cops. Now, over the last three months the Coronavirus Crisis has dealt an estimated 9. 5 billion blow to new york citys budget leading to some elected officials to peer closely at Police Funding in terms of these budgets. Now, last friday City Council Leaders joined the citys elective fiscal watchdog and Police Reform advocates in calling for a billion dollars in cuts to the nearly 6 billion police budget. This plan is not backed by new york city mayor bill de blasio. Yesterday we talked about Police Morale a little bit. I think this basically shows you that in new york city this is a new low, okay . The idea here is that if the city isnt honoring the police, why should the police honor them . A lot of resentment brewing how heinous acts of certain officers have created this backlash against all officers, and those have made it a lot worse. There is the taylor law i which makes public worker stoppage punish with fines and jail time, but it doesnt seem to be stopping the floating of this idea. Gives you an idea how serious they are. Charles yeah, were in a tough period. Jackie, thank you very much. Meanwhile, folks, purposes Controversial Campaign rally in tulsa tomorrow, oklahoma, is actually an opportunity for the president to unite this country. The economy is coming back, and a lot of other things are happening. The question is, you know, how does he go about this . Does he frame a presentation just mostly for the face or is this the optimum time to go for the entire nation . I want to bring in fox nation host david wen. I really david webb. E really believe President Trump, theres going to be enough intrigue, a gigantic audience for him to go after a whole lot of people out there. Independents, democrats, talk about not only just achievements, but to shut the critics down. Yeah, look, charles, the president has really an immense opportunity here. Well put aside the various controversies and mischaracterizations around juneteenth and everything for the moment and talk about the opportunity for the president of the United States to address many issues to americans that matter to them; safety, community, the security, law and order, not law and disorder which is supported by Many Democrats who want to either defund the police or deconstruct and recorrupt reconstruct under some social engineering example. The president can take a couple of roads here, charles. The high road is to address the issues facing our country and the various issues that are causing a lot of this discord, a lot of these riots and say to the american people, this is where we can come together, learn from what is a horrible event with george floyd on how we move forward and we fix problems. You talked earlier about our evolution as a nation. We involved beyond the riots in suggest that in 1921 to become a better nation. We overturned session redivision postemancipation, the civil war. Look at what weve done as a country to open opportunity for so many, and look at what we need to do to get the economy working again so they can is have that opportunity. But i will say this, the president should also address june juneteenth, the evolution of the society with the hope that i shared that this is an america that gets better, and it is under siege from the anarchists and the seattle types and c. H. O. P. Or whatever they want to call themselves. America more united than we are divided. Charles you know, and it is interesting to me because what President Trump had going for him in terms of his record with black americans was unprecedented, right . The wage gap had tightened up. I mean, its still way too wild, but better than it had been. The unemployment gap had tightened up to the best levels ever. Wages were going up overall. Millions of black americans came back to the labor force and found jobs. Theres the historically black colleges, the funding for those schools that would have gone under, the permanent funding for those schools, and prison reform. Its just tough. I understand his frustration that all of these achievements never get mentioned in the mainstream media, but i also feel like hes going to have to keep talking about that, maybe even pull out a few more initiatives. He does, and the president i expect and i will probably address a number of those success points and then paint that accurate picture, datadriven picture that you just talked about; wages that were on their way up, consumer confidence, Work Force Participation numbers. And the fact that we have the ability here to have a recovery that is a sharp upward swing in the economy, seeing you address the issues of or the numbers of who was hired in the last round of employment data. Were still in a tough position, but look who got back to work. These are successes. The Opportunity Zone councils, the other things that are out there that the administration has put in place are examples of how we get all americans, regardless of color, back on the correct side of the ledger, earning, taking advantage of the opportunity. But lets take this moment also to do what joe biden has not done. Joe hasnt taken a question from a reporter in, what, 78 days . Lets look ahead, and the president has been talking with the american people, meeting with them, meeting with various family members of tragedies. These are the things that a leader does rather than hiding in a basement. Charles yeah. I mean, those parents, he met with them just earlier in the week, Ahmaud Arberys mom, she said he was sincere yeah, she said [inaudible] charles yeah. Compassionate and, yeah, she felt that the way she said it, she felt like he believed he was sincere about his compassion. And id really like to see the rest of the country see that side of President Trump. Some of us have seen out in person and, you know what . Its part of him, and i hope the world can see it. David, thanks a lot, man. Great seeing you. Thank you, charles. Charles you know, its happening all the time, right . If youre watching this market closely, a stock all of a sudden wakes up and then it takes off, and you missed it because, well, you thought you missed it. When should you chase these stocks that have gone parabolic . Ive got two of the best, theyre going to teach you something. Well be right back. Yyeah yeah hey, hey i do motivational speakingld. In addition to the substitute teaching. I honestly feel that thats my calling to give back to younger people. I think most adults will start realizing that they dont recall things as quickly as they used to or they dont remember things as vividly as they once did. Ive been taking prevagen for about three years now. People say to me periodically, man, youve got a memory like an elephant. Its really, really helped me tremendously. Prevagen. Healthier brain. Better life. Charles once again, folks, stocks exhibiting some softness as investors are still kind of grappling now with whats going to be the next big catalyst to propel this market higher. Nice view Wealth Management ceo scott martin along with ceo of an nci financial company, rob luna. Its interesting because youve got these high p. E. Ratios, but youve got some dividend payouts, so i know its a guessing game, but i believe when we get more clarity, a lot of moneys going to pour into this market. Yeah, i agree. And i think, charles, along with the high p. E. Ray shows, you have high Revenue Growth in some of these stocks that are so expensive. You know, i know and rob knows that the markets will pay up and continue to pay up for stocks in that environment if it thinks those things are going to get better. To your point about the economy reopening. My point or my takeaway is is that right now though given that the market feels maybe a little uneasy, i still like some of the undervalued and unloved stocks. Is so im thinking about wangs and travel banks and travel stockings. Ive been saying this for the last month or two because i think theyre going to catch up to some of the broader growth names. Charles real quick, when you say travel though, are you talking about, like, the airlines and things like that . Yeah, airlines, like southwest airlines, charles, is a name weve been picking up for folks as well as expedia. Thats another one, travel site. And on the bank side, more looking at big banks like citigroup and jpmorgan, of which we own as well. Charles all right. Im going to come back to you and ask you about the upcoming stress test. Rob, i do want to get your idea, you know, this week has really been a really intriguing week. I think were slightly up for the week, but the good news is we dont have the crazy volatility, right . Those wild swings. But you can feel like were waiting for something, this is the calm before something happens. We dont know what. Yeah, no, i think the actions been quite positive because if you look at some of the growth names, amazons up 4 , but some of those stalwarts like pepsi, that ones also up 4 . So its been a broadbased, healthy rally this week. But i think the markets looking to the next thing. And i think last friday, scott brought up a good point, youve got to decide are you trader looking to take shortterm profits, or are you a longterm investor. I think those are the things tough to look at you have to look at depending on where you want to put your money in this market. Charles i have some subscribers that are upset, ive taken a lot of profits, and ive shown them out of seven we took out, four are down from where we sold them. Sitting on 25 in three weeks, take it. You know, if youre not sure. Let me ask you about something because a lot of people are coming into the markets, and a lot of people have been in the markets for a long time. The other from a target of 200 to 275. That is huge. Is there a way or a med of knowing when to change some of these names . Its part of the whole flow of the market. When things get sanguine, look at what happened to stuff like beyond meat even last year, charles, and i think some of the other cloud stocks, zoom too. They get this almost cultlike buying culture. Likely investors will pile in, but just remember that some as of these analysts also cut the price targets as well, and a lot of times they never hit them or its too late. Back to a comment rob made which i appreciate he highlighted, if youre a trader in this market, you can trade on some of those analyst upgrades i think a lot more than you can buy them as an investor. Charles right. I like that. You complimented the guy because he complimented you. I love this he looks better than i do. I have to do that. [laughter] charles hey, rob, okay, so, rob, you email me, you text me, so we know pepsico was another winner for you, right . Its up 10 in the three months since you talked about it. But if you were to go after some of these high momentum names like a spotify, is there a time, a technical point that you say, okay, ill take the plunge because i think theres so many people coming behind me even though i already missed the big move . Yeah, no, thats a great point, charles. I appreciate you bringing that up. Its about rotation. We talked about that. So what could be a great name next week, last week is a bad name next week. To that point, i really like breakouts right here. Some of these momentum names that have been up resistance, sent you over a chart of crowd strike charles lets leave it there. Crowd strike we got you down for crowd strike. Thats going to be your next big winner. Thats it, buddy. Charles have a great weekend, always enjoy our conversations. You know, liz claman . The dows off 118 points, but when i started the liz ive got whiplash here. Have a good weekend, charles, thank you very much. And you know what . Its really apple. Apple today has taken the rally away. Markets were humming along right from the open. The dow up 371 points early in the session until just after noon when this headline crossed. Apple, close some u. S. Stores in id