Secretary of state well get insight into who these people are, more importantly, what they mean for you, and the country. And of course, theres more than one way to takeaway your guns. Just make them too expensive to own and to use. The biden gun tax well get reaction from liz peek on that and so much more on making money. Well so the markets open higher and a could am but nation of factors right theres of course more good news on a vaccine front from astrazeneca they received emergency approval and then the start of trading the u. S. Services pmi came in well ahead of consensus and really encouraging highlights the steepest expansion output since march of 2015 the fastest new increase in order since september of 2018 the strongest job growth since Data Collected in the series going back to october of 2009 and the strongest Business Optimism since may of 2014 and take a lack at this chart, ladies and gentlemen. It is called a super v and its all good stuff and then we might add the uptick in High Frequency economic data, airline passengers, thats higher, credit card use started to rebound, and the extremely bullish market from last week that really, i think, is the base of overall optimism but still, this week, i think the most influential news will be on the stimulus front, obviously, lots of moving parts though, we want to get to all of it we brought in some of our favorite pros to help us hash it out joining me is money man chief strategist john gulani, Michelle Schneider and michael lee, want to start with the vaccine news which obviously is great but i think most investors already sort of modeling in more approvals, ultimately distribution, and the question for me is how much should we still be sort of in this thematic reopening trade which has been unmitigated disaster some of these stocks in other words the hotel stocks, the oil stocks, some of these other stocks, earning season have been disasters but the stocks themselves have done well. Is it time to move on . No its time to be in those trades but you got to be super selective charles because the earnings arent there for a lot of these companies and investors are probably just trading them on the narrative of the reopening on the narrative of positive news on the vaccine front so i think theres a lot of danger and you have to pick those stocks and investors should be but you got to have the stocks be in the stocks and have Solid Earnings and the prospects for earnings recovery. Not just because are a name not just because they are part of the narrative otherwise thats where its getting rather full. If you look at the last week the russel 2000 hit a new record high up 2. 4 on the week while the other benchmarks were down, that tells me that trade is getting awfully full. Charles you know, michael, i mean yeah, one of these groups i think it was the hotels and leisure down 300 yearoveryear , i didnt even think that was mathematically possible but the stocks are doing well. Meanwhile other parts of the economy and the stock market also doing well, how are you sort of figuring out which way to lean here . Yeah, look. I think this move to value that is being talked about behind the scenes is a little bit overdone. I think theres just too much money chasing growth names and thats not going to change. Its good to see other names come into participation, but look, weve had a fantastic earnings season. 84 of Companies Beating their bottom line, 79 of Companies Beat on the top line, and revenue yearoveryear so top line acrosstheboard for the s p 500 is only down 1. 3 yearoveryear, we get pmi data out today like we just got, and then you also look at the job market and while the absolute number of continuing claims at 6. 3 million is still relatively high, its down from 25 million and the way that i like to think about the labor market and the overall economy is just a snowball rolling down a hill and at some point that hill is steeper and the data gets better much much quicker, and at some points, that rate of change slows down, but once were headed in the same direction, were going there, for many year, until a dead bubble bursts , which i dont into if thats three years from now. Charles so many years, okay. Yeah, not any time in next 18 months as far as im concerned. Charles okay, and by the way, it was airlines so far earnings are down 313 , hotels down 133 , oil gas down 113 . Now, you know, i think by the way folks at the end of the week, were talking stimulus today but its all going to be about fiscal stimulus and in my mind, moreso even than the vaccine and michelle i want to get your thoughts on where this market is because i think the biggest tail last week was at thursdays session where we opened under a fair amount of pressure and then word came that there might be some meetings in the senate and the market all the major indices made a pretty nice move to the upside. Well again if we just keep it simple and go back to the technicals we talked a few weeks ago right before the election about the election range and the instruments that have followed the breakout the week thereafter have continued to do very well, and of course, a lot of it does reflect not only the optimism of the vaccine but especially today when we saw the pmi numbers about the manufacturing so the small caps, the transportation and retail sectors all flying. Could we die on the vine is euphoria the end of the bull market as John Templeton said . Absolutely but right now i think you have to go with the money and not overthink. My only concern about what came out today was the pmi numbers was the price has also increased because of the supply Chain Disruption so again you got simple economics working here, supply demand if the supply continues to diminish while the demand continues to rise, then of course, we can look at a whole new host of problems. Charles yeah, im with you. And by the way within of my investment thesis is always based on companies with Pricing Power i love higher prices but to your point, they can get too high when everyone starts complaining about inflation again. Shawn let me get your thoughts on the importance of some sort of word out of d. C. On stimulus happening because i think thats the next big thing that moves this market. Oh, it definitely is, charles its going to be huge. If we get substantial, i think a smart package first of all, the substantial nature i think will elevate markets probably 5 7 in a couple of weeks if not days. I think its that important to the market. Market is anticipating and investors want to see that. It sends a message that washington is willing to spend and do whatever it takes to move the economy forward. Its coming out of this recession already. I think spending will accelerate that rise out of the recession and that markets are going to just eat that up. Charles you know, one factor in the market that i dont think gets talked about enough and thats the recent weakening of the u. S. Dollar which has been good for the stock market. I think its really grateful, oil again energy is crushing it and let me go back to you on this , mike. I think oil is breaking out here , going to have a big move. One of the things that works well when the dollar is weaker just your overall thoughts because i know some folks think its unpatriotic to even mention weakness and dollar in the same sentence. Well look, you got to think about the dollar relative to other currencies and we, the u. S. Is obviously weathered this economic storm much better than the rest of the world, so as other economies come on line and recover, the dollar will weaken and has nothing to do with patriotism right . But you know, im skeptical of any sort of stimulus coming forward. I think its based on the elections in georgia if you get a dem sweep and then biden becomes the president , youre going to get the stimulus like youve never seen before, but as this economy keeps getting stronger, you got to wonder that is Mitch Mcconnell going to spend anymore money and just print it out of nowhere so im skeptical that were going to get a stimulus for now, but i would say if you think that if your dollar, yes look at commodities but again ill go back to my favorite which is the gold miners regardless well have massive deficits next year stimulus or no stimulus and the gold miners is the best way to play the levered gold play. Charles i love the way the oil is acting right now. I did not think i would say that a couple weeks ago, but these stocks are phenomenonal. Lets get a little bit more granular last week of course was an amazing week for tesla, of course that s p 500 news helped it was obviously a terrible week for the shorts now the shorts actually have been joining over the years big time. I happen to love a good short squeeze. Michelle are there any stocks youre looking at that could even get an extra boost maybe from a short squeeze or any names that are so overvalued that youd think about shorting them . Well definitely the Growth Stocks have been overvalued, apple,nvidia, those are actually looking more like microsoft and looking more like interesting shorts and stagnating right now because the market is so strong in other areas. What were looking at in the Energy Sector even though a lot of the oil stocks have done very well they are kind of coming into some resistance here so its a bit of chasing believe it or not im looking a lot at natural gas which has gotten so hammered last week it reached march lows, and that was probably because of low demand but also considered to be the cleaner energy of oil compared to the solar space which of course is also very saturated so were looking there were also looking at some of the small cap growth like gogo being one and the tankers. You want to talk about making money off the supply Chain Disruption look at these tankers that have been killed, up over 7 today. Charles youve got to be real nimble and have a lot of nerve to mess with those tankers. Im hearing say lng looks intriguing to me as well but shawn let me give you the last question about the big five stocks that essentially carried the market on their backs for a couple of years, and the left have less influence now in the overall market. I think its a good thing but sometimes it distorts when people say well the xyz was only up so much. It distorts the overall market do you want to see this continue broadening out into this rally . Is that ultimately good for the market and good for investors . Its definitely good for the investors and certainly good for the market but i dont think we should ever count out the big mega cap tech stocks were buying into microsoft today down almost 8 off of its highs and i think its a buying opportunity well continue to buy it lower, but the same is true with the rest of the big mega cap tech stocks they arent going anywhere charles they are only going to continue to grow their earnings and their profitability and cash position so that makes them go to all of the time. Charles i hear you, brother, aint selling aint selling but i was just wondering, [laughter] , michelle, michael, thank you all very much always appreciated well you hear that sound . Thats the stimulus clock and its ticking louder and louder. This is individuals with Small Businesses are running out manufacture in. 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They customize your Car Insurance so you only pay for what you need. Liberty power wow. That will save me lots of money. Youre insured this games boring. Lets get tacos. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles well, the clock is ticking louder and louder as Congress Takes another week long break more than 12 million americans are set to lose federal Unemployment Benefits the day after christmas , just as cases are surging, a lockdowns are re emerging joining me now to discuss republican congressman guy reschenthaller of pennsylvania. You know, congressman, lots of towns are putting up Christmas Decorations over the weekend, but of course, millions of american households just arent sure how they are going to get any presents under the tree or how they might even make rent after christmas, so what is the latest on fiscal stimulus is there a greater sense of urgency now . Charles first off thanks for having me on i appreciate it you know when it comes to the stimulus, and another covid19 relief package, its been nancy pelosi and the democrats that have been holding this up for months. Republicans and leader mccarthy had been ready to get a deal done, but nancy pelosi and Chuck Schumer have held up stimulus for outrageous ideas from the far left like the stimulus payments to Illegal Immigrants, they want to have tax cuts for millionaires and billionaire s in blue states and they also want to bail out the budget to blue states which have been miss managed for years , so its because of these far left positions that nancy pelosi and the democrats have been unwilling to meet republicans half way, but even joe biden has started to relent somewhat saying we need to get a deal so i want to see real help get to real people who need it charles. Charles no i agree 1,000 and that 3. 3 trillion might have been done for public consumption , so i get that part but this is not a game and i do think that Vice President biden realizes that. Sounds to me hes even willing to go back to that number President Trump throughout there , 1. 8 trillion and if that were the case would there be enough republicans to back it . It depends whats in the bill, charles so it is the number, to a certain extent, but its also what kind of provisions are in the package. If the democrats are going to push, again, at making Illegal Immigrants eligible to get the stimulus checks then probably not you arent going to get support but if we can look at expanding ppp, the paycheck protection program, idle lines and grant getting help to people that need it then yes absolutely there will be republican support but again the American People know that pelosi has used them like pawns in her political game thats one of the reasons why they lost seats, this last election. They took some losses because the American People were fed up with how pelosi and the far left democrats held them hostage this summer. Charles ive got less than a minute but i do want to give you a shout out, the house unanimous ly passed your bill the improving safety and security for veterans act. Just tell us quickly if you can why its so important. Whats important is because i had a constituent that was tragically killed in a va hospital so our veterans deserve the best care and we need to make sure were looking into these deaths and making sure our veterans are getting the care they need in the va hospitals. Charles you know, whenever something passes unanimously these days you know it was a heck of a bill. Indication, congressman reschenthaller, thanks for coming on the show we appreciate it. Thank you. Charles meanwhile, folks, joe biden unveiling some cabinet picks former state Department Advisor christian widen has a warning about who biden wants to be his secretary of state, and betting is shifting big time at janet yellen getting to head treasurer were listening to entrepreneur don peebles and what it means for economic recovery, well be right back. Two medical societies have strongly recommended to doctors to treat acute, nonlow back muscle and joint pain with topical nsaids first. 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