Underway at the masters, while one of the trail blazing golf legends is one of my winners of the week. All that and so much more on making money. Muck charles well, markets rerutted out of the gate erupted out of the gate nicely, but the tale has been the case all year long. The emergence of buyers yesterday is when youve got to watch out. In the final hour of trading all year long, thats when you know the next day is going to be big. Shakeout sessions are becoming somewhat more predictable. To the pros, they buy into these dips into the close, and then the next day the market opens bigger. Put that on your notes for how to make money. Now, there continue to be some dark clouds including, of course, covid cases, a lack of fiscal stimulus and just exactly what the fed is doing because so far not what they promised. In fact, the ecb is doing a whole lot more pumping than [inaudible] meanwhile though, earnings remind investors of fundamentals. Great earnings reports include disney, cisco e, Applied Materials just to name a few. So how do you keep a steady head when theres so many Unanswered Questions . My panel, ralph luna, Veritas Financial advisers managing partner greg branch and courtney dominguez, Payne Capital management, a group i am not affiliated with. Rob, the greatest risk, because yesterday there were a whole lot of headlines, so whats the greatest risk to this market and thats enough in your mind to trigger a move to the downside . Yeah. I think the biggest risk in our view is really Georgia Senate race that were going to have in january. The big move up that we had is really this idea of gridlock, and with biden, you know, potentially getting the presidency there, not being able to get some of his aggressive tax agenda passed, but if that unwinds and theres a tie, lets say, and Kamala Harris would end up being that tying vote, that is not going to be perceived well for the market, and look out below if we see that happen. Charles all bets are off. Greg, what do you think . I actually think its our current gridlock that poses the most risk for us. While were still disputing the resolution of the election, all of the political will and bandwidth is being absorbed when what they should be discussing is the stimulus that our economy so badly needs. In terms of risk, also the rapidly rising covid numbers present a danger side. Many of our most well known, the worlds most well known advisers are positioning themselves that the Fourth Quarter will see drag if these numbers continue to increase. And we so far have not been able to tame this. Charles right. Well, you know, courtney, its ironic because weve got the largest numbers again today, and this is a heck of a rally. What do you see in terms of the greatest risk to derailing this market . Because it hasnt been staying down long. Yeah. I really am not as concerned about politics. I would say actually covid is probably one of the biggest risks we have and are there going to be further lockdowns. We saw when europe was locking down, there was definitely some nervousness with that. Its nothing im necessarily worried about right now because the lockdowns are a lot more localized, and monday we saw the vaccine come out, and the markets did fantastic. I thinks a good idea of what can come once we get that reopening happening. Right now the markets are probably still lower than they could be if we did have that clarity. Charles all right, greg, i want to go back to you because i think this earnings season has been pretty remarkable. 84 of companies have beaten the street, your blended loss is 7 . The street was looking for 21 . Even revenue, 78 beating in a recession, im impressed. What are you takeaways . Yeah, i agree, its been a spectacular Third Quarter relatively speaking. I think that there will be even more optimism after a Fourth Quarter that should see those that were well positioned deliver really strong results. What im really keeping an eye on is those associated with eretail are going to weaponize the massive share gain that theyve accrued over the last six months and post some really blowout Fourth Quarter numbers. That said, the covid numbers will start to bear on businesses outlooks. We saw where they started to indicate that businesses were actually slowing spending, and thats something that warrants us keeping an eye on. Charles courtney . What i found pretty fascinating with earnings season is, i agree, its been a really good earnings season thus far. But if you really dig into it, certain things like your small caps have been some of your leaders and the things that are beating expectations as well as some of your cyclicals. And weve been talking a lot about this over the last few months, your small caps and Value Companies are going to be good plays. Were starting to see that come out during earnings season, but if you break it out, those are really some of the big winners were seeing. Charles even to that point, when youre talking about record covid cases, courtney, you and greg have expressed this as the number one concern, and yet the covid stocks even in the day when the markets are erupting, theyre down, zoom, netflix, peloton, theyre getting beat up. The market, to me, doesnt seem to say this is a big issue, per se, although we know how impactful it is to society. Rob, let me go back to you about earnings, you gave it to us three or four weeks ago, it was a home run. Today its a grand slam, is so take another i bo, my friend. Bow, my friend. But the earnings in general, whats your takeaway . Yeah. I think its been an amazing earnings season, and thats why weve been talking about this for a while, charles. This is really not an indexing type of environment. You want to do bottomsup stock picking because its very clear in an environment like this, farfetched are the companies that are going to be able to execute. Zoom down today, powell was talking yesterday about this structural shift and the fact that the psyche of the consumers now being locked in so long, this isnt going to change so quick. So, actually, ive talked about zoom for a while, weve used this pullback into the 300s to take a new position. I think those are longterm winners investors should look at, charles. Charles move over, space popcorn, here comes jay powell. The Michigan Consumer sentiment number for november, it declined from october, in fact, well below consensus. And, in fact, when that number came out earlier, the rally stalled, we even started falling back a little bit. Heres the interesting thing, the biggest reason for the decline was plunging optimism among republicans. If you look six months out, even the current optimism was up. The spread between how gop consumers feel ooh right now versus six months are from now is absolutely amazing. Courtney, i know youre not into the politics, but if theres one segment of the population that is starts to lose their enthusiasm as consumers, could that hurt the market . I dont think its wholly surprising that were seeing that. Were right in the midst of a very polarized election, so its not that out of the norm to see that come into some of these sentiment numbers. But when we look at, i mean, at the end of the day, were investing in these companies, and those companies are very optimistic right now. We just came off a week last week with one of the highest amount of dividend increases since february, and thats showing these companies are on n are optimistic on where they are going forward. So when i look at how companies are optimistic, im going to take that over [inaudible] i dont want all of the politics, political news to overshadow anybodys investing strategy. Charles okay. And heres the thing, greg, we obviously, you know, republicans are going to be disappointed right now. But you put that against the cpi numbers yesterday, and we do see where theres a lot of industries that do have pricing power, and maybe thats where the confidence is coming from that courtney just mentioned. Your thoughts on that . Yeah. And i agree with courtney, i think that businesses and investors tend to look a little longer term than survey responsibilities, so this is not respondents, so this is not surprising. We have a number of issues in front of us that need resolution, stimulus, the election, getting control of covid, a vaccine. And i expect a lot of those issues to be resolved in january. So these numbers dont worry me. Lets take the temperature on the other side of january when some of these shortterm uncertainties have reached or are reaching a resolution, and that will be data that is better served for us to Pay Attention to, i think. Charles rob, how are we looking between now and the end of the jeer . Will we end at the end of the year higher than we are at this very moment . Yeah, i think so, charles. Theres no other place to put your money right now. Its going to be in stocks. Now, what sectors going to do well, i think you continue to have that barbell dividend in growth stocks, but until the end of the year, i think youre going to continue to tick up. Charles im going to start calling timeout on the barbell thing because i feel like the guests get over with that, you can be right either way. [laughter] can you be more specific on the barbell . You know what it is, charles . Really, i think, dividends paying, Dividend Growth stocks, those are really the new bonds, charles. You used to allocate between equities and bonds, bonds have come out of the portfolio, so you have to have both in there. Charles i agree. People start looking at some of these utility names, theyre looking attractive. Rob, greg, courtney, have a great weekend. I appreciate it, great commentary, we learned a lot. In the meantime, folks, President Trump meeting with his Campaign Team and advisers today, so what is the next move . Im going to ask Campaign Spokesperson erin per lean, shes next. And later, Justice Samuel alito creating a firestorm after he warns covid19 is threatening our religious liberty and freedom of speech. Is he right . Tweet me, id love to hear what you have to say, cb payne. Well be right back. Staying on top of your game takes a plan. Thats why at aetna, we take a total, connected approach to your health and wellness. With Medicare Advantage plans designed to surround you with the care you need every day. Aetna Medicare Advantage plans. Charles Election Officials from across e country stating that this has been the most secure election ever. Lawsuits, many say, are going nowhere. In fact, china just called to congratulate joe biden. And now some of President Trumps supporters in the senate are saying its time for a transition. Lets face it, President Trump has never been moved by the immediate media or career politicians, and the campaign says, quote, they firmly believe this election is not over. On that note, lets bring in erin perrine. Where is the campaign right now . Finish. Absolutely. The president is correct, this is an election that is far from over. We are pursuing every legal opportunity and avenue for the campaign and for the president to make sure that we count every legal vote cast in this country and that we do not count any illegal votes cast in this country. Its really paramount to our democracy that we continue to pursue irregularities that we have seen in states like michigan, like wisconsin, like pennsylvania where we saw a huge breach of equal protection and the ability for our poll watchers to be able to be this there. We want to make sure that the American People can trust the outcome of this election. President trump has been saying that for months, so we are going to pursue the avenues to be able to insure that for the American People. Charles the irregularities that you mention and a lot of the things that weve been reading about, the question that some people have, that a lot of people have is do they amount to enough to overturn what has been declared a victory and a contest over . Well, how much fraud is enough fraud for it to matter to people . Because there were major publications that had huge headlines on the front page that said no fraud, and now were all conceding that there is fraud. So if there is fraud, shouldnt we pursue at every opportunity not only for President Trump, but for our great nation to make sure that we root out all fraud out of the election system . Because at what point do democrats concede that fraud is not good, that people that are saying theyre 120 years old and voting is not good, that dead people voting is not good . An illegal vote undermines every legal vote cast in this country. So these irregularities, absolutely, we should pursue those because at what point do democrats think fraud is okay in an system . How do they live with that . Charles about an hour ago, our colleague Geraldo Rivera tweeted that he had a heartfelt conversation with President Trump and that President Trump is a, quote, realist who will do the right thing. Whats the timeline, erin, to the campaign saying, okay, weve exhausted all these avenues and, yes, youre right, theres no doubt theres some irregularities and and things, we e call car things, but again getting back to the notion, would it be enough to overturn this. Youve brought them to light, you cast a light on the process that needed to be cast, but how long, longer will it go before President Trump decides, okay, something went wrong, theres not enough to overturn it or there is enough to overturn it and take the next step . Well, this is a one step at a time, one day at a time process. We just started the hand recount in georgia. In wisconsin we cannot begin that recount until they certify at the county level. So were still not even into the recount in wisconsin. Were pursuing the avenues about integrity in pennsylvania and in michigan, specifically, you know, when it comes to Dominion Software and the serious questions that exist there. Listen, democrats in the media spent years and millions of dollars to run a russian impeachment hoax against a dulyelected president of the United States. A little bit of patience here is more than warranted when it comes to making sure we have an honest outcome in this election. Charles erin perrine, thank you very much. Always appreciate the updates. Talk to you soon, i hope. Meanwhile, record unemployment, record closed businesses and a Mental Health crisis, those are just some of the Lessons Learned from the spring lockdown, but has the biden team learned those lessons . Plus, attorney emily cam bag know weighing in on Justice Samuel alito warning that these lockdowns are threatening our religious freedom and freedom of speech. Well be right back. For over 30 years, lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 nx 300 for 349 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. And well make your first months payment. Car vending machines and buying a car 100 online. Vented now weve created a brand new way for you to sell your car. Whether its a few years old or dinosaur old, we want to buy your car. Go to carvana and enter your license plate, answer a few questions, and our technowizardry calculates your cars value and gives you a real offer in seconds. When youre ready, well come to you, pay you on the spot, and pick up your car. Thats it. So ditch the old way of selling your car, and say hello to the new way at carvana. Keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo charles you know, this growing fear over the economic harm that a potential nationwide lockdown would happen under a biden presidency, wall street journal, in fact, Editorial Board writes bidens covid advisers seem to have learned nothing from the spring recession. Then they go on to add, lockdowns dont crush the virus, they merely delay its spread until the lockdowns end. The cost is horrendous, the u. S. Is still recovering from the spring catastrophe. On that note, id like to bring in our political panel. Radio show host rick unger, fox nation host david webb. All right, folks, lets talk about this. Let me start with you, david, david webb. You know, should we go to a nationwide lockdown . A couple of folks are saying six weeks, itll be all over. Yeah, you know, the very people who tell us to follow the science dont want to follow the science and the data. You just nailed the point down on that wall street journal piece which is the lockdowns didnt crush the virus, they merely delayed these resurgences. We have things we can do to mitigate. We know a lot more now, but theyre still pushing these lockdowns. Its political, it crushes the economy, a business that i have visited for many years in new york just closed multiple locations. People are paying a real world price for these lockdowns. Charles mr. Unger . Yeah. Im not in favor of a National Lockdown either, but i gotta tell you something, the wall street journal did not have it exactly right. There was one member of the task force who went on tv and made suggestions. He later pointed out that he has never made those suggestions to the task force. Now, i can until you i have personally talked with three members of the task force, not a one of them is in support of a National Lockdown. I think said the committees not in support of a National Lockdown, and most importa