But my next guest sees the index heading higher ultimately into year end. Let's bring in macro risk advisors John Kovvis. John, it's uh it's great to catch up with you here.I mean, we're, you know, S&P bleeding lower here down about 8/10 of 1% and there was some excitement when we got that breakout above 6,800. It seemed pretty emphatic. Where does this leave us uh as we just kind of give back some of those recent gains.>> Hey Mike, good to see you again. Uh, I think ultimately until we break the October lo ...

My next guest says market breadth is the worst it's ever been for the S&P 500 and this has to change if the AI revolution is for real. Joining me now is Paul Hickeyi, co-founder of Bespoke Investment Group. Uh Paul, thank you for being here.Great research on this. I was surprised by the superlative that Tuesday was the worst for S&P breath in ever, at least in terms of an update. What signal does that send about kind of where we are right now with regard to concentration as well as just the outsized moves t ...

Does it mean that tech stocks are still firmly the place to be in this bull market. Let's ask Doug Clinton, intelligent alpha founder and CEO. It's good to see you.You too. >> As we said, I mean, it was sort of right there in front of your face as to why there's so much excitement about what's what's happening here. Is that is that how we we should take it as a reminder to stay here as an investor. >> I think it is a reminder.And we've got all this stuff on X. If you spend two minutes on X looking at anybod ...

Market Valuation & Risk - Market valuations are stretched, with the S&P 500 trading at high multiples, indicating investors are paying a premium to enter the market [2] - The S&P 500 index has become top-heavy, heavily influenced by a handful of companies, posing a risk if one of these companies falters [2] Small Cap Opportunities - Equal-weight S&P and small caps are showing signs of outperforming cap-weighted indexes, with the Russell 2000 rallying 9% in August and experiencing its seventh straight weekly gain, the longest rally in 5 years [3] - Small caps have been left behind for years and were significantly impacted during COVID, but lower rates can improve their bottom line due to their higher floating rate debt [5] - Small caps are trading at a discount to large caps, making them attractive as money rotates into new leadership, with falling rates creating a setup for a catch-up trade [6] - IGR, the iShares Core S&P Small-Cap ETF, focuses on profitable companies in the small-cap space [7] Asset Allocation & Investment Strategy - Asset allocation is key, and investments should be tied to the client's overall risk profile [8] - Clients should consider extending their duration to capture higher yields and potential principal appreciation [9] - Over 6 trillion USD is sitting in money market funds, with over 1 trillion USD entering in the past year alone, and as rates come down, investors need to consider where to shift this risk-free yield [9] - Money market funds are at 15% relative to the S&P 500, which is historically about 20% [11]

of the last payroll report or because you absolutely must look through the inflation principle. Yeah, I think that's I think that's a fair assessment as to whether it'll be red hawkish and then maybe the market will say I don't we don't care. We still think it's going to go.Let's get the opening bell here in the CBC realtime exchange with the big border. CB Research Partnership, a nonprofit seeking to cure some rare skin diseases at the NASDAQ as soup and snack food maker. The Campbell company celebrating i ...

Market Sentiment & Strategy - 314 Research downgraded equities in July after being overweight since May, citing stretched sentiment and a seasonally weak period [1][2][3] - The firm suggests neutralizing overweight positions and letting the market come to them, especially for clients who followed their previous advice [7] - The analysis indicates a potential pause in the market, advising caution despite positive sentiment [6] Systematic Factors & Technicals - Systematic buyers, including vault targets CTAs and corporate buybacks, supported the market previously, but a seasonal dry period for corporate buybacks is anticipated [3][4] - Technicals and systematics are emphasized for tactical decisions, particularly watching for a pause [6] - Momentum signals that led to an overweight rating in May are still in place, but trees don't grow to the sky [6][7] Economic Concerns & Federal Reserve - Concerns exist regarding the labor market and the growth story, which the market may be overlooking [9] - The Federal Reserve's potential rate cuts are now priced into the market, raising the question of what comes next [8][9] - The federal government running a 7% deficit is seen as a huge support to the market, contributing to wealth creation across various assets [5] Sector Specific Recommendations - The firm is fading small caps, viewing the recent move as a short squeeze against large-cap, high-quality stocks [9][10] - The recommendation is to lessen small cap exposure and potentially short the Russel [10] - The analysis suggests staying long on large-cap, high-quality stocks, considering them a "perpetual motion machine," and underweighting low-quality stocks [11] S&P 500 Target - The firm maintains a $6,800 price target for the S&P 500 at the end of the year [6]