Conversation in just a minute. Ill take you to the wall. We are focused today on this big pullback for tech. Nasdaq remains under pressure by more than 1 farmer jim, are we witnessing a socalled transition trade right before our eyes, from growth to value and does it have staying power . I think we are, scott i know its dangerous to say this type its different with regards to the rotation, but lets also realize this rotation was occurring before the announcement of the vaccine. All had you to do was look at the industrials and material to give you that clue now theres a very fundamental reason to support the continuing rotation into the cyclicals, into the industrials, even into the financials, which have been left fordead but are coming back it ju its just as simple as there is a path to normalcy ahead of us heres the one qualification i want to make if youre looking at yesterdays rally and saying, shucks, i missed, it relax unfortunately there is terrible news coming on the virus sco
Corp. Downgraded we will debate on call of the day. The Investment Committee is ready to go. The Halftime Report starts right now. And it is good to have you with us today. Our Investment Committee here, jim lavin all this, jon fortt. Dave wise, jen, liz young is back also with us on set today is ed. Lets begin with the rally stocks hitting record highs today. The dow closing above 29,000 is it time to buy or is it time to worry, liz . I am an incurable optimist. Not really ever time to worry that much. I say this all the time. You must be present to win i always believe you should be in the market. I still think there are places you can buy stocks josh brown, big friend of the show, i think he posted on twitter yesterday the market isnt even due for anything. We shouldnt pay so much attention to the calendar or the fact that it has been a long time or things have gone on to a long time. You have got Pay Attention to valuation right . Not as much as we used to i dont even know. With Mo
Air . Because the market is marching back to the alltime highs . Well, i thought that, and a fum ber of the investors that i spoke to noticed that the link between correlation of crude and the markets is starting to dissipate somewhat, and apparently that not the case today, and the reason that it is dissipating is that as crude consolidates and the big volatile moves go away that the algo guys are saying, i have to find Something Else to wreak havoc with. But i am surprised that it is trading positive and it is counter intuitive with the kuwaitis coming back on after three days off, and people are kcome fortable with having foun the downside and so it is up. And doc, it is inevitable that the market wants to try to retest the old alltime highs. And certainly pushing it. And slow and steady march there. And pushing, judge. A lot of people sold as soon as we get close to it, it is going be another batch of selling, and the question is, how quickly do the people have to cover . If it rev
Its gma like you have never seen it before. Were taking you there for every single second of a sky dive, live. And were jumping behind the scenes. Its gma from a whole new point of view. Here goes lilly, four, three, track good morning, america. Happy friday. We have a big special one ahead today. Today youre going to see gma in a whole new way. Yeah, we have sara haines, lurking about. See, she is completely equipped. Lurking. Yep. We see her and we see her point of view from the stud yiostudio. Which is fascinating. Its dizzying, sara, dizzying. Oh, no, im glad you have a steady head. Can we get a full shot of her outfit. Theres lilly in the control room. Theres sara right there. Look at all that equipment she has on today. You look like you know something, sara. Looking good. Thanks, rob. And theres lilly in the control room. Thats whats happening behind the scenes. Calling up the shots. Shes going to have to call herself up in just a minute. I started before the show, she was doing
Morning . What he did for his brother and for a Department Store that has his family and fans saying yeah, baby, yeah. And good morning, america. Happy friday. So great to see mike myers back doing austin powers. We get to hear you do. Yes. Dr. Evil will return. Hes making news for another reason. Well talk about that. We have a lot to get to this morning. Beginning with the blast of cold air and snow across the country. Most of the lower 48 states colder than parts of alaska. Were going to start with rob marciano in denver this morning. Good morning, rob. Reporter good morning. Another frigid start to the day in denver. Temperatures in the single numbers again. After four database wing the thermometer is frozen behind me. This week begans the way it began, but now half th country is in the throws of cold snap. Its cold and dreary in erie, and a deep freeze in the deep south, thunder snow in cleveland. Listen to that roar. An arctic blast leaving much of the country 30 to 40 degrees co