Let's dig into the shutdown's impact, the state of the economy, the outlook for the markets into year end with our next guest, a Wall Street legend and billionaire investor. Joining us now is Omega Family Office chair and CEO Leon Cooperman. Lee, it's great to see you.Welcome. Welcome back. >> Nice to be with you.>> I know you you sent a letter to congressional leadership about the about the shutdown. What what did you say. I said it's, you know, my grandmother would call it a shanda. It's a shame.You know, ...

Let's ask Truis wealth CIO Keith Lerner and Empower chief investment strategist Marta Norton who joins us here at Post9. Good to see both of you. Thanks for coming in.Yes, my pleasure. What do you make of I guess tech lagging, a little more volatility, this comment from the Fed chair. You don't get that every day about valuations in equities, right.And you know, I think it really is a sign of how extreme valuations are. We all know that valuations aren't a timing indicator. markets can grind on for quite so ...

So, as big tech ramps up its spend on AI and their stocks hit record highs, are valuations getting a little worrisome. Let's ask NYU's Stern School of Business professor Aswath Damaroden. It's great to have you back on.So, are they are they getting worrisome to you. These these valuations as we make new record highs here in the session. >> It's not just tech, right.Stocks collectively are trading at prices that I think you know I mean they're richly pressed. That's the only way to describe it. I'm not use g ...

Thank you very much. Speaking of Robin Hood, Stephanie Gild is with us right now, the chief investment officer. It's always good to have you on the program.What's your take on where we're going here in a new month. I mean, I think we're in a point in the market where we've seen a lot of gains and obviously you've had some news out that is starting to show that perhaps valuations have reached expectations. And I think we're at the point in the market where, you know, my target was 6,500 and I think we're goi ...

Market Trends & Dynamics - Market experienced a pullback after a rally following J Powell's Jackson Hole speech, where rate cuts seemed likely [1] - Friday's rally was unexpected, leading to short covering and strong performance in Russell and value stocks [2] - Summer volume is low, contributing to profit-taking [2] - Nvidia's earnings will be key for the AI trade [2][3] - Recent weeks have seen weakness in tech and a broadening of the market, possibly due to valuation concerns and reports questioning the benefits of generative AI [4] Investment Opportunities & Potential Risks - Investors are cautious about valuations, especially in AI stocks, leading to profit-taking [5] - Opportunities exist in staples and industrials, which haven't performed as well [6] - Dividend stocks and companies needing access to capital could perform well when rates come down [6] - Investors should assess the risk in their portfolios and avoid overconcentration in high-performing stocks [7][8] - Consolidation is natural after a great run in the AI trade [7]

But as well as these stocks have done or maybe because of it, the question many have, is evaluations gotten out of control. Well, we don't know. But let's ask somebody who does.Aswan is professor of finance at the NYU School of Business. They call him the dean of valuations for a reason. Oswath, great to have you on.Perfect day for it. Have valuations gotten a little bit stupid or are we okay. I think for the last 10 years, we've had this conversation over and over again.Markets reach a new high. >> We say ...

Market Outlook - The market is anticipating the upcoming earnings season, particularly from banks, amidst concerns about tariff threats [1] - The market is considered well-aware of potential tariff impacts, though a short-term breather is expected to assess the actual tariff rates [2][3][6] - A historic rally of 26% in the US stock market post "Liberation Day" lows suggests a need for digestion [7] Valuation and Sector Analysis - The market is generally expensive compared to its historical valuations [8] - The "Mag Seven" stocks contribute to higher market valuations due to their deservedly higher valuations [9] - Other sectors are expensive but not as much as technology, reflecting different growth rates [10] - It's difficult to identify clear bubbles in the market currently, although potential over-expenditure in AI CapEx by the "Mag Seven" could become one [11] Tariff Impact - Initial tariff headlines caused significant concern, but the market rallied as the extreme scenarios seemed less likely [4] - Renewed discussions by the president about higher tariff rates are expected to increase the overall US tariff rate [5]

Well, one of the investors profiled in the Big Short is not worried about the size of the budget deficit. Steve Eisman is host of the Real Eisman Playbook podcast. He's former senior portfolio manager at Newberger Burman.He joins us here on set. Um Steve, you said this before. It doesn't matter.People have been running against us for decades. 40 years. 40 years.When do you think will it. You know what I say about all this. Just stop.God's sake. You know, I'm gonna say this. Maybe it's a little too obnoxious ...