Stay updated with breaking news from Tom lee fundstrat. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Weekend. Our roadmap begins with the record setting week. What are the risks to the rally . Plus tesla on a tear, set to open at record high after topping 2,000 for the first time. And democrats demanding answers, the embattled postmaster general testifying this hour amid a political furor surrounding policy changes ahead of the november election guys, its going to be an interesting morning to sort of take stock of where weve been over the past couple of days the s p all time high, apple 2 trillion, scott, tesla 2 k even though b of a this morning says that weekly outflows look like they may be the biggest in about 15 weeks despite some of these new highs. Maybe this is the week, carl, where technology said, do you know what, wait a minute, not to fast, growth, not to fast, value. Ever been has been coming out of the woodwork trying to make these calls that there is going to be this great rotation, carl, from growth into value stocks and these cyclical and epicenter names as tom lee ha ....
Not even a one dollar increase dny. The fed out with its alphabet soup of programs. Index isays highyield barely visible, but has come down quite substantially if you yield to worst settings re. The lets get some insight on the markets. Banks set to kick off earnings season. We are joined by tom lee, Fundstrat Global Advisors managing partner and head of research. You are not one to shy away from a particular point of view. Tell us where you see the markets headed. I think the markets have absorbed an incredible amount of news and seem to move very quickly, but just as quickly as weeks, i3 over six think the vshaped rebound weve 2800. E saw last week that was a 20 retracement of that entire climb. If we look at the major declines of markets, once the market is able to absorb or recover half of those losses, it is often a good sign that the market is shifting in favor of buyers. So i am kind of constructive. I think youv ....
Action with abigail. Abigail lets stick with this roller coaster theme and ask the question did amazon have a capitulation bottom . Overnight, the futures were actually higher, then down, down, down, almost down to present as you all were talking about earlier today, then up, almost. 1 31 of the most bullish reversals since 2017, that big selloff. S p 500 andbout the perspective on the 50day moving average. Started lasttility winter, we saw the best case for the s p 500 to weave up and down around the 60day moving average. Lots of volatility, however, in the fourth quarter, sharply lower. This does not look like a capitulation bottom, joe, i will toss it back to you. Joe great chart. Thank you ray much am abigail. Still with us, tom lee of Fundstrat Global Advisors and Gina Martin Adams of bloomberg intelligence. Whether it is the september fed decision or the t ....
Trump to testify former president claims defense team won the manhattan case calling on judge merchan to dismiss the charges, watch. This is such an embarrassment of constitutional that i imagined a judge would grant motion to dismiss here. There has been no evidence theres no evidence there is no crime, the majority of americans can see politically motivated, should this is i am, going to backfire on prosecution i think judge, on this mo senator eric schmitt economic consumers Science Transportation Committee thanks for being here you were in that courtroom yesterday tell us what you winsed witnessed. Surreal this is United States of america, to see this kind of of lawfare play out in real time is very disturbing, i mean what all these cases certain this case represents democrats efforts to interfere with election to preoccupy trump or take him at their word ....