Exactly mean for your money. What does it mean for your money . We have that coming up. Brickandmortar retailers are finding a way to beat back amazon so should you give them a look. President trump is saying he is battling for election inan integritity as his team battles. We are ric grenell coming up on making money. Another. Charles another intriguing session with major indices belying what is going on. Major indices slightly in the red. I got to tell you the session began with sort of two groups sitting it out and that was communications and Technology Stocks. That signaled of course this continued rotation into what im calling the normalcy trade. Then in the last hour or so the tenor of the session sort of took another turn where you started to see those sectors that signaled classic defense as lower. Utilities, real estate, consumer staples, all sort of drifting. Both scenarios have a clear message that investors are a lot more optimistic about the economy which means a broader rally, a more inclusive rally, when the up volume up more than the down volume on a down day. More than half of the s p 500 sectors are higher. Well see where it goes. Market seems to be wellpositioned. Certainly the economy does as well. The atlanta fed lifting Fourth Quarter gdp estimates to 5. 4 from 3 1 2 . Yields on the bond market continue to point to a strong 2021. There are additional unknowns. Impact of covid restrictions and moves from central bankers. A lot of money could have been made this year and a lot of experts got it all wrong. Joining me three who didnt. Kaltbaum Capital Management director, Fox News Contributor, gary kaltbaum, bull tick market katheryne rooney vera, payne Capital Management group, ryan payne. A group im not affiliated with. Gary, you are my pulse, you ride waves, no doubt about it. With the Market Making alltime highs, boring stocks sort of surging out of the side of investors, where should people be focused . Charles i think the vaccine trade has taken over at this point in time. Last monday when the first announcement came you had everything that was dormant for about five to six months gap to the upside. Rest for a few days. Then we got another vaccine announcement. Gapped up again on monday. The first thing i can say they need to pull back an rest but the energy stocks, the financials, the travel related names like a booking holdings, things like that, thats what is at work right now. As we continue, if we, always an if, if we continue to get good news on the vaccine front no pun intended the vaccine is now trumped the virus at least in the market. Not in the real world but at least in the market for this second. Charles of course the market is supposed to be a proxy for the future. Courtney, i got to tell you that the market such without the same five names that sort of distort the action. For many being many months, oh, man, s p is up, nasdaq is up, but there were far more losers than winners. It feels like that is reversed. The question, can it be sustained . Can you have a broad market rally without Technology Stocks and communication leading the way . I think you very much can. That is what weve been talking about the last several months how cently we would see the rotation happening and it is now coming to fruition and this is just a good reminder though to everybody out there who might be invested in Something Like a s p 500 fund. I find a lot of people will do that just to get broad diversification. S p 500, if you include amazon, that is 40 technology firms. Just by owning that, you might be a lot more goesed to those categories. If we see the rally broaden out, you might want to break out the growth versus your value firms, rather than bundling all together exactly for that reason. Charles right. And to that point, kathryn, you like what some are calling the barbell approach but the question is whats on either side of right of the barbell and is it equally weighted and what do you yourself think there might be a time for a more aggressive approach . Well i think were in a fullblown scenario now. The market is really euphoric. We have the best possible scenarios across the board, baked in, divided government which has not yet been certified. We have the january 5th Georgia Senate election at that could makeorbreak the market psyche. We have market priced, couple vaccines options pricing in eradication which is flawed view of the market and we have a third thing which is fiscal stimulus, which is marketed coming over the next few weeks. My suspicion charles, im going to be disappointed on all three fronts over the course of the next three months. Our clients be wary. I love accumulating aggressive risk positions because structurally, you have to be a bull over the next couple of years because you have a fed in fiscal authorities really backing up and backstopping the markets. But i think that there is going to be additional opportunities and i would rather, i would rather take advantage of them in the next couple months than alltime record highs and multiples of 28 1 2 times. Charles so hold yours horses folks. Kathryn says you will get a chance to get in this thing. Meantime the economy is improving, right . Were getting leadership as pointed out for instance financials and industrials, some of the best sectors, financials have been best today. The banking index doing much better. Regional bank index, kre, up 20 this month. Courtney, you talked about breaking out your portfolio, not put all in s p fund. I agree 1000 is it time to look at nuanced ideas, not big wall street stocks but regional stocks, Regional Bank stocks . Charles, you took the words out of my mouth. Regional probation are great to look at right now. Banks in general are doing great. Small and midsized banks are significantly undervalued compared to some brand names. Barrons this weekend pointed out a company in wind trust in chicago. When you look at Smaller Banks theyre attractive from acquisition point. They might get scooped up from bigger banks. That means more upside potential. That is great place to look for potential. Charles gary k. , all the brilliant folks came on two years you have to own gold, own jpmorgan, own Morgan Stanley. You know, been a little Frustrating Holding those names. Well Morgan Stanley is at a new yearly high. That is the grand poobah of the big banks acting great but others are starting to come on a little bit. Jpmorgan would be preferable over Goldman Sachs but very important the financials. It follows the interest rates. If yields come back down they will underperform. If yields continue to go higher signifying better Economic Growth that wall street starts thinking about the perception that margins are going to expand and stock prices are going to go higher. Charles right. That is what is at work right now without a doubt. Money flows are in financials not withstanding any pull back which is probably overdue after the last couple weeks. Charles lets talk about money printing then because yesterday i thought it was intriguing both jay powell and Christine Lagarde they both downplayed all the great vaccine news. For the most part they said they are on track to continue printing money. Gary k. I know this is music to your ears. Tell us how much of an avalanche can we expect in december, really i guess long term . Short term it should help the market but you also have your longer term misgivings. Look all theyre doing is enabling massive debt and massive deficits and also pretty much manipulating the whole gargantuan bond market and playing god with markets. Every time they drop they do more. In case people dont know this, theyre printing about 250 billion a month right now between the two. It is absolutely insane. I am 100 sure there will be a comeuppance. Were getting closer. I dont have a date but i will be ready when it happens because the market will start telling me. Right now the market is in gear. Not worry at this second. Longer term they are nightmares. Charles i have got less than a minute but courtney, i want to ask you not just about the fed, Central Banks and fiscal stimulus. Does our economy at this point really need isnt. Do we need isnt i would have to say no. Were seeing things coming back with every single move weve had so far. Were seeing unemployment is just, weve recovered half of our losses ever since they dropped in the early spring. If we do see it it is probably going to lead to extra inflation f we see the dollar weaken that could mean food things for some of our international stocks. Whether we need it, is the question but if it happens there is good plays. If we get it well take it. Gary, courtney, kathryn, apologies to technical issues. Were having good information from her as well. Everyone has georgia on their mind right now the tensions are mounting as the recount winds down and more ballots are being discovered. The lockdown revolt is sweeping the globe. Thousands of germans take to the street to protest Angela Merkels planned covid restrictions. Ric grenell will talk about that. Later in the hour you can buy anything at costco including a private jet. Im down. Weve got the details. For over 30 years, lexus has been celebrating driveway moments. 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One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Charles two weeks removed from the election day but the dominoes are just starting to fall into place for President Trumps fight against alleged voter fraud. The campaign expects to officially request a partial recount in wisconsin today. Meanwhile uncounted ballots continue to be found in georgia and michigan and a stalemate to certify joe biden the winner there. What do make of all this. Former director of national intelligence, former u. S. Ambassador to germany, ric grenell. Ambassador, if you can, the latest, because apparently another tranche much votes were found in georgia. Vice president bidens lead gone from 14,000 to less than 13,000. Im not sure how many more tranches are out there, every time this happens people are made to wonder. Keep looking. Every time we look we find more votes for donald trump this is getting ridiculous. Every single time that there is a problem it turns out that its not in Donald Trumps favor when counting. This is unacceptable. I worked at the state department for 11 years and let me tell you if this was the type of Election Fraud that we would see in other countries we would call it out. It is consistent. Reporters inside of washington, they keep saying we dont see it, we dont see fraud. Now they switched we dont see widespread fraud. They had to admit there is fraud. The inability of governments to keep looking is really the problem here, charles. Let me give you an example in nevada where i have been helping lead the charge. We found that clark county officials had to throw out an entire county commissioners race because they didnt trust their own election to not include fraud to the point where they werent even sure that the person who won, who happened to be a democrat really did win and so the clark county commissioners, all democrats, decided to throw out a race in which a democrat won by a slim margin. When, when local officials dont have confidence in their own races, this is the problem. And the reason why this matters to the trump biden race this is the same ballot, this county commissioner ballot, had also on it the president ial question. And so you cant tell me that somehow there is only fraud in one little area. There is only fraud where they look and then they try to rise up and say, well we dont see it in other places. Because theyre not looking. We need to have audits. No one should be afraid of audits. Transparency should be our friend and it is not political to be transparent. Charles what is political obviously always been the Media Coverage but also the clock. It feels like the clock is ticking. Now i saw in wayne county in michigan republicans sort of taken a stand. There was a compromise with democrats. In georgia, youve got republicans running ads now saying that the election was fair and square. Feels like the walls are closing in when even republicans are throwing in the towel and not letting the process play out . I think you hit a very interesting and valid point, running out of clock and running up against the clock. Timing obviously is not our friend but i think the warnings for government officials, local government officials, the warning for the Biden Campaign and for democrats who are trying to push this forward because of the ticking clock, i think that they have to be very careful because if you try to jam through something that isnt finished, then for the rest of eternity there will be an asterisk. For the rest of eternity there is going to be questions and government officials have to remember that we cannot move forward with credible Decision Making unless the public believes that we are being honest and transparent. So that is what youre up against. Youre really up against a, the future of democracy and whether or not the people are going to believe in the decisions that local governments make. Charles ambassador, ric grenell, thank you very much, we appreciate you taking the time. Thanks, charles. Charles all right, folks. Forget about buying water and paper towels in bulge next time you go to costco. How about a private jet subject . Well take a look inside. Is this part of rapidly changing world of retail particularly in the age of covid . The question is how you benefit. More and more small is abouts are going out of business as congress drags it feet. How to skip the politics and save our economic foundation, after the break. 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