monday when the trial resumes. really interesting, guys, he actually now records all of his song writing process because he's been sued before, so in the future if, when this happens again, he wants to be able to present video, clearly i'm just strumming -- jackie: taylor called the song cheesy, i love the song. and marvin gaye's song as well. to similarity my musical brain. brian e brian jackie did proclaim during the book that she is a forensic musicologist on the side, apparently. madison, that's fascinating stuff. >> reporter: and it's a lot of money on the line, guys. jackie: all right. great to see you. we have to say good-bye on this friday and send it over to our charles payne. charles: m-i-c -- see you real soon. [laughter] is that copyrighted in see you later, guys. good afternoon, i'm charles payne, this is "making money." the market is trying to close this month out on a high note, and mt. process we are looking

at busting a number of wall street myths that may have been the wrong advice is after all. ken fisher's here. he's going to take on don't fight fed. the bond market is always right, and rob luna will take on go away in may. meanwhile, the economy, is it headed for stagflation? we're not sure. we do know that people are afraid. in fact, the country's savings rate is skyrocketing, now highest levels since december 2021. why are people this concerned? tweet me @cbpayne. are you so afraid that you're starting to hoard money? hasbro has been the big winner this week on wall street, but mattel is the big winner on main street. and my takeaway on making adjustments, folks, stay the course because in the long run nothing is better than making money in the market. all that and so much more on "making money." ♪ charles: all right, so it was the worst of times and it was

the worst of times. now, with all due respect to the charles dickens and his classic, "a tale of two cities," the economic drama would make for a great classic as well, although we're actually living through it. the question is what do we call these times, right? there's an avalanche of data out this morning. you could say inflation, you could say recession, you could say we're heading for a soft landing, but what about stagflation? because it looks, you know, as we look deeper into some of these trends, is some of the data the, this is starting to stand out: slow growth, high unemployment, high inflation. it is true that we are not there yet, but it feels like we're barreling toward that economic cycle without an offramp which brings us of course, to the federal reserve and the fomc gathering next week. now, of course, everyone anticipates 25 basis points, that's what heir going to the hike. the verbiage, though, that somehow they will let us know in some form of fashion that they are pausing. and if they do that, that combination is what's known as a

covich hike. can we get a covich hike? i'm going to bring many fisher investments founder ken fisher. something you said in a recent video about the fed or, better yet, not to fight the fed. this is a long-held position on wall street. is it a myth? >> thanks for having me on, charles. always fun. yeah. well, it's, it's a mythology that worked really well from the 1950s into the early '70s. from the early '70s on, it habit worked at all if you look at it statistically. the reality is from that point on, look from the nurse rate hike -- first rate hike 6, 12 and 24 months later, and on average all of them are up. the fact is whenever you look at averages, that doesn't tell you what'll happen the next time, and there's always an exception to the averages. but the fact is, yeah, it's something that was formed as a wall street truism that sod is just part of a traditional --

today is just part of a traditional myth. charles: speaking of -- go ahead, ken. >> and, of course, after the first couple rate hikes last year, market's up since then. charles: yeah. yeah. and speaking of the fed, you know, they released this report on the cause of that silicon valley bank disaster. i felt like it was mostly a copout, and just mostly propaganda for more regulations, a chance to blame president trump, former president trump. from a market point of view though, you've been pointing out from the very start that this is a non-event, and i found it intriguing today with that stock collapsing that the market is soaring. >> let's just think about that differently. i did say it was pretty much a non-event for the broader macro picture, but literally, said simply and to the that point, as of now as we're sitting here, s&p 500's up 6% since before silicon valley bank failed.

the reality of that fed report when you think about the it is they're saying partly we need to do better supervision, we need to look at ourselves better and do better, we didn't like -- you mentionedded about president trump. really i think that's a misnomer. you could view it a way, but that bill pronounced eager to cpa, ironically. that bill passed with democratic and -- charles: sure, it did. i i agree. >> -- in the senate it passed 2- 1, and so i'm not sure it's not just them wanting to say we'd like more power one by who? michael barr saying raise the bar. it's t easy for barr to say, hey, more bar. charles, you can't say more pain, people don't want to hear that. [laughter] charles: no, they don't. 31

violations, i mean, to your point, everyone knows that they blew it and the terminology is sort of trump era, and it's really not necessarily anti-trump as pro-big business, pro-big government, rather, and pro-big regulations. i just think the fact they've had big regulations in place, and they just failed to see 31 red flags. i'm really concerned, ken, about the damage this can have on true small banks and communities that need them. >> i don't think so. we're going to disagree here. first, you to got a little over 4200 banks in america. the reality is you've got 4900 somethings, and somebody's supposed to be regulating and watching them. a few of them are going to have screw-ups because the regulation setup rules, they're sort of fences, but that doesn't contain up or down or this or that, and i just don't think they figure out silicon valley bank correctly. but with 42 the 200 -- 4200? >> and to your second point, let

me just say, and this is a point most people don't get, you had silicon valley bank fail, signature bank fail, if you look at emergency borrowings from the fed in the aftermath of that, they spike in the new york branch where signature bank is, in the san francisco branch where silicon valley bank was and nowhere else. charles: right. >> the fact of the matter is it went nowhere fast, people just couldn't quite get that. charles: i've got just a little less than a minute to go. next week, the possibility of a, quote-unquote, dovish hike, the fed hikes 25 basis e points and gives us a wink and a nod that's it? is that a possibility? >> if you say possibility, of course. let me just say as i've said to you before many times and elsewhere, the fact of the matter is the fed doesn't know what it'll do. it thinks sometimes and changes its mind. it doesn't actually know what it's doing it, and after it's done it, it doesn't know what it's done. so calling it dovish, that depends on what your definition

of dovish is. this is a bull market. we've got more bull market ahead. markets wiggle around. how they react to it, i don't know. charles: all right. we'll see, ken. always appreciate you coming on the show. love your work. have a great weekend. >> thanks for having me. charles: i want to bring in quincy crosby, financial global strategist. quincy, i know you're also obviously looking for a 25 basis points. could it be taken, though, as a dovish hike or do you think there's enough data out there that we should break through even more tighteningsome. >> well, i do think we have to brace for more tightening especially if we continue to see any signs that inflation is still stubborn. the employment. cost index a that came out showed that wages are climbing higher. that's something that chairman powell does not want to see, although members of the fed now are out there publicly saying why are you so focused on this, but he is because we know that that leads to higher prices.

so the point is that if he sees that inflation is not coming down fast enough, he may be compelled to raise rates again in june. the one thing he does not want, charles, is to be put in the camp of the federal reserve chairman of the 1970s. he talks about it so often, it's as though he has a great fear that he had been in that camp of stop and pause, pause and stop. charles: yeah. i mean, i know he doesn't want to be arthur burns, but i hope he doesn't become jean claude either, right in on your economic board what do you have now as far as where we are and where we're heading in this economic condition. >> well, you know, we're cheerily slowing. but slowing does -- clearly slowing, but slowing does not mean a recession, does it? we saw that the consumer is still hanging on. yes, the consumer is using their credit cards, but there's still money in the system. and as long as there are jobs,

you are going to see spending. granted, the more headlines that we have of layoffs, people start getting scared. you alluded to that. they start saying, well, wait, that could be me. but nonetheless, they are still spending. and we are about 70% of gdp. so that's the issue, is how -- the normal path towards a recession up typically comes from the labor market. more people get let go, people stop spending, personal income comes down and consumers really hold back. but we aren't there yet -- charles: right. >> so the market is so braced for it, it's almost like, come on, get it over with. but that's not the way it works. charles: i do have a personal beef with the data out there, it's so old, it's backward looking and a lot of in this government data, i think, is flawed. the surveys, no one that aches them anymore. last night the ceo of capital one, they go from 100 million in

cash set aside for losses to $2.8 billion. we are assuming a material worsening of labor markets with the unemployment rate rising to above 5% by the end of the year. is there -- these are people with boots on the ground, right? mccopped's says they see a mild recession. walmart and costco are very cautious. do we give those kind of folks any sort of credibility? because what i worry about is we have policies in place that run smack dab into, you know, a situation where all of a sudden we're doing emergency rate cuts. >> well, you know, i think it's going to take an awful lot for him to come in and coemergency rate cuts. -- coemergency rate cuts. the way the market has it priced in, it looks like something that really hits the market and destroys the economy. we don't see that happening. we say if we have a recession, it will be fairly mild, it'll be fairly shallow, and, you know, we'll get true it. the unemployment rate will rise but not to the levels that, you

know, reflect a disaster. charles: sure, sure. hey, i've got less than a minute to go, quincy. so how are your lpo clients investing in this environment? how are they sleeping at night with exposure to this market. >> >> well, sure. i mean, they've taken advantage of the treasury market, short-term duration. it's where they're headed. we could go to the belly of the curve, maybe 5% now as we see the economy slowing. also short duration high-yield investment grade corporates, high quality. some of those are offering 5%. but over on the equities side, we're looking at industrials. they have been doing very well. defense spending is up. take a look at lockheed martin, i could go on and on. but we also see the industrial names. carrier, for example, caterpillar, honeywell all doing well. and, by the way, if we do go into a recession, industrials have a history of coming out of a recession leading the market.

but infrastructure spending is up across the u.s. and also around the world. so we like the industrials. also, charles, for firms, you're talking about the banking sector, we would look at preferred in the high quality, money-centered banks. they're offering a nice return, you don't have to take on too much russ aring. they will help provide yield in the portfolio. charles: great stuff. thank you so much, quincy. coming up, folks, what's a winning mindset, right? a basketball superstar grappled with the question of failure and suggested just because they lost doesn't mean a that they failed. everyone's seen this video, it's gone viral. i'd love to hear your opinion on it. tweet meth cb payne. beverly hall burg's going to give us her winners and losers of the week at 2:30. but first, my next guest says betting on a recession could actually wreck the market. breaking down wall street's

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>> the reality is from that point on, look from the first rate hike 6, 12 and 24 months later, and on average all of them are up. the fact is whenever you look at averages, that doesn't tell you what'll happen the next time, and there's always an exception to the averages. but the fact is, yeah, it's something that was formed as a wall street truism tata today is just part of a traditional myth. charles: so that was at the start of the show, ken fisher pushing back on the notion of not fighting the ped and other so-called -- fed and other so-called wall street truisms that have taken on this sort of mythical status, and they're really steadfast as investing as part of rules. one the bond market is always right. joining me now is head of economic research, neil duda. is the bond market always right? >> i don't think so. remember, charles -- thanks for having me on. you know, the bond market was

pricing in, you know, not lock ago -- long ago four rate hikes this year, then they priced this three rate cuts, now we're pricing in two rate cuts, so i would say bond market's more manic than right. if the range of outcomes is that wide, i mean, i'm sure at some point the bond market will hit the market, but i think it's, you know, to say that the bond market's always right or the equity money, ec with i think market is where the dumb money resides, i think that's just wrong, in my view. i think the stock market -- i mean, i'll put it to to you this way, the bond markets have a habit of pricing in tightening cycles that never happen, so hay price in the fed tightening long before the fed starts to tighten. hay price in the end of the tightening cycle long before the fed's done. there's always the expectation that cuts are right around the corner. by con last the, the stock market, i mean, it's always sort of predicts nine of the last

five recessions, but think about it this way, the stock market has a habit of predicting the fed pivots, right? strong performance in the stock market out of the pandemic was probably a reason why the fed started tapering a lot sooner than people thought, probably a reason why they started hiking a lot sooner than they thought if you go back to the financial crisis, right? you had a big stock market selloff, and guess what happened? the fed did manager about it. charles: neil, i i was going to say as you were saying that, i can recall, you know, show after show after show talking about this v-shaped move in the stock market, and pundit after pundit saying it's ridiculous, it doesn't make sense, it's too soon, it's too early. look at the canary in the coal mine, that's what you go by. so i understand what you're saying. on sessions like today, it feels like this big, swooning yields today might be helping the stock market because there's so much economic data to sift through. and if you lean a certain way, you can find what you want, a nugget to back up what you feel in the data out today.

so does it, like more recently it feels like a session like today the bond market, these yields coming down might be giving some stock buyers ammunition. >> yeah, sure. i mean, i don't deny that. i mean, the issue is though yields going down, you know, how much is nominal growth really slowing? i mean, i think that's the issue. i do think the bond market to some extent is getting disconnected a little bit here from underlying economic realities, and i think that's going to create some adjustment later because i think it's unlikely that the fed is cutting, you know, this year and certainly not as much as the bond markets expect for next year. and, you know, at the same time. , you know, i think the earnings picture's looking a little bit better. we're in a relatively solid mommal growth environment. if you look at nominal final sales in the first quarter, it ran about 8%, charles, and that's about what it's cone over

the past year. that's a pretty strong backdrop for corporate earnings. companies that trade on the s&p can make money in that environment. so, you know, i think if the stock market's right about what earnings will do, then the bond market's going to be wrong about how many can cuts the fed will ultimately have to do. charles: if i had to pick a side, i'm going to go with the stock market. we see it every earnings season, no matter the chiropractor predictions, these companies find -- dire predictions are, these companies find a way to make money. i appreciate you being here. >> thank, charles. charles: rob luna told you to buy starbucks last time he was on, it's up a double-digit move. let's try to make some is money with rob. but first, beverly hallberg with the winner of the week, she says it's mattel. wait until you hear the reason why, it is absolutely fantastic. ♪ ♪ >> hi, barbie. >> hi, ken. >> hi, barbie.

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charles: all right, so earlier this morning the federal reserve released its review of the events and mistakes that led to the downfall of silicon valley. michael barr led the review, and he boiled it down to a few things, maybe four things. the fed's bureaucratic structure, the company's risk management failures, he talked about trump era easing of rules for mid-sized banks, and all of this opens the door for a tidalaway of new bank regulations -- tidal wave of new bank regulations. joining me now, larry kudlow. what i'm concerned about, it's opening the door for a whole bunch of regulations.

i don't think there's anything that this bank did that the new regulations would have stopped. >> i think you're right about that. i'm going to ask the same question that i asked about silicon valley bank. where were the bank examiners from the san francisco fed? where were they? why weren't they all over this? same story with svb, where were hay? charles: right. >> okay? bank, same story. these are very, you know, this bank maybe not as bad as silicon valley bank, but their climate change, wokey-i'm banks making a lot of loans they shouldn't be making, where were the examiners? it's not the about new regulations which would be paperwork and flaws and lawyers and all that, it's about examination and supervision which the fed stopped doing. charles: right. well, two things to that. first of all, if you agree on the ideology, it will never raise a red flag, number one. number two, if these are your biggest political donors, you kind of look the other way. >> that's also right. charles: and then i'd add a

third one. it's a little bit tougher, but let's face it, people who work in these entities whether it's the faa, the sec, fdic, the fed, whatever it is, they make 100 grand a year. when they leave and they go to work for the airlines, the defense industry, for wall street or for the banks, they make seven figures so they don't ruffle too many feathers. i hate to say it because it sounds like a nefarious situation, but there's some truth to that, and west virginia got to be honest about it. -- we've got to be the honest about it. >> i think the first one's more important. they look the ore way if they agree with the ideology. and what we've learned about the san francisco fed is they love climate change. in fact, really this guy, barr, who's the vice chairman in charge of bank supervision, he also, i mean, when the board met, when the fsoc board met, one of the top problems was climate -- charles: sure. >> no, it wasn't. it was interest rates going up 500 basis points and whether that was going to the affect the

asset-liability mismatch, which which it has, and whether depositors would stick around. and also the quality of the loans, right, real estate loans, commercial real estate loans. charles: sure. >> i just think you look the other way maybe because you're sympathetic, but whatever the reason, okay, we can't get into their heads. whatever the reason, the examiners didn't do their job and that, charles, is the problem. you don't immediate to blame trump and his regulators and put a lot of new paperwork on the books. that's crazy. charles: and, by the way, a ton of democrats voted for that -- >> absolutely. charles: because small banks should not have the same rules as a citigroup. you hamstring local communities -- >> and everyone wanted to preserve small and medium-sized banks. that was behind the 2018 regulation. charles: if they do this, we'll go from 4,000 to 202,000. something else is going to happen in the banking world. new mortgage surcharge next month, essentially, if you have

good credit, you're going to have to pay more, bad credit, you're going to get a discount. >> a risk the idea. [laughter] charles welcome to bizarreo world. >> welcome to the receive crete on-- soviet union. take from the rich and give to the poor. the odd thing is even with their ideology of redistributionism, middle income people saving -- charles: right. this is a tax on people make less than $400,000 a year. these are people who save money, they skip out on meal, they sacrifice things -- >> and they could put down a 15-20% down payment to get a house which, charles, is the american dream. charles: right. >> now, the other side of this stupid trade is once again we're going to make the same mistakes we made 15 years ago, unaffordable mortgages, subprime mortgages. charles: right. >> and here we go again with fannie and freddie that controls 60% of the mortgage market. this is such a left-wing,

socialist idea, and it's so reprehensible. they say heir going to do it may 1st -- charles: yeah, next week. >> which i believe is monday, tuesday, whatever it is. it should be stopped. it should absolutely -- for both reasons. saddling, you know, people who can't pay for it, they're going to go bankrupt -- charles carls they're going to lose those holmeses at some -- homes at some point. >> penalizing folks who play by the rules. it's a or risk idea. charles: and tightened their belts so they could have a great credit score. that's nuts. before i let you go, so the thing about biden's age, it's not going away. i don't think it because almost every time he peeks, we're reminded of it, that something is missing there. what is your thought on this? i mean, should there be an automatic limit to the age? because, listen, we have a minimum age that you can run for president. should there be a maximum age, or should we take something candidate by candidate? is there a way to address this or just look the other way? >> look, a couple things. i know a lot of 80-year-olds who

have a lot more energy and vigor than he does. there's something else going on here besides age. i know 80-year-olds, charles, 82-year-olds, 85-year-olds who are sharp as a tack. and i mean that. i would name names, but i'm not to going to, but you would actually mow the names -- charles: i played blackjack with a guy who's about 83. first of all, he won all the money -- >> counting cards. >> he's, like, it's the 19, what do you want? i'll hold. [laughter] >> so, you know, i worry that there's an illness issue here that's not being talked about. no, i don't want any artificial limits. it sure puts a lot of spotlight on kamala harris. because that ticket, i mean, she could easily be president, commander in chief. charles: right. >> and i, for one, don't believe she's up to it. i think her performance has been very poor. i think as a senator she had the most left-wing voting record. it troubles me enormously, and i

think it's going to drag down the ticket. it's not just age, it's -- maybe there's a disease there, but he is, look -- charles: something's going on. >> let's go back. it's joe biden governing as bernie sanders. charles: right. >> he said he wouldn't during the campaign, he has. isn't that the problem? look at this mortgage -- charles: yeah. >> who in their right mind would penalize people with goodfy coscores and a necessary egg -- who in their right mind would do that? ideological socialist redistributionists. that's what you have to worry about, and that's the biggest reason i believe biden and harris should be beaten. charles: all right. larry kudlow -- >> hate to say it. charles: hope to get a lot more of this, as you know, at 4 p.m. eastern here on fox business. larry, you are the best. joining me now, beverly hallberg. i want to pick up on this age debate. president biden released a video, he held a press conference, he spent some time with kids where apparently he

forgot his recent trip to ireland. is there such a thing, you travel in political circles. are people concerned about the age being a problem? >> he also had a cheat sheet when he was taking questions from reporters at that press conference. here's the question i have, there hasn't been anything about joe biden that we have seen in the past few years, couple years that he's been president that hasn't underscored the fact that he's not on the top of his game. i don't think anybody who is honest, even people who are supportive of president biden, that would say, yes, he's the same speaker he was 30 years ago. he makes gaffes all the time. we see this on a regular basis. this rollout week is a perfect if example. i think the question people have to the ask themselves is, are they okay with that. and when you look at him being 86 if he did complete his second term which a lot of people are questioning whether he will, it is that number two person, kamala harris, and i would actually argue she may even be a worse communicator than president biden. she had her moment of all moment speeches in this week, a word

salad speech. there's reason for a lot of democrats to be concerned. the question is, will republicans provide an alternative that people want to vote for. charles: all right. so let's switch gears here because the number one seed in one of these rounds of nba playoffs was the milwaukee bucks. turns out today got blown out by the number 8 seed, and their superstar player, yanis, he was asked at the press conference if season was a failure. here's part of his reply. >> do you view this season as a failuresome. >> is not a failure. it's the steps to success. michael jordan take 15 years, won 6 championships. there's no failure in sports, so don't question. charles: are you buying that? i would say a majority of people like it, but some are saying, hey, the guy makes $40-50 million a year to win, and that was a copout. >> i think from a human perspective, people understand the pain lee he's dealing with when they just host the series when they were expected to go much further. but this is a mentality you take

maybe if you're in high school, if you're in college. but when you're paid millions of dollars and you're expected to at least win the eastern conference finals if not the nba finals, i think it is a huge disappointment. now, i think he was just stuck too much on the word failure and couldn't get past that. he could talk about this say, hey, look, every year we want to win the finals, that's the goal. here's what we're going to learn from it and move forward. i think from a human perspective i get it, but when you're at the top of your game, it is a failure if you don't make it to at least the eastern conference finals. charles: i think the irony is he quoted michael george can. when he didn't -- jordan, when he didn't win, he considered it a failure. for this market the big winner has been hasbro this week. great earnings report, but you say it's their rival that's been a real winner on main street. tell us about it. >> a lot of traction on twitter because mattel did announce they have a new bar by out, and it is a barbie with counties syndrome. they -- downs syndrome. they talk about diversity and inclusion, and i think this is a

community of people who are worth including in society especially since so many women are encouraged to the abort them. so i praise them for this move, and also i just want to tell mattel, if they're looking for a ken with downs syndrome, i have a very handsome cousin who would love to be the prototype for their ken doll. we need barr biand ken -- barbie and ken. these are people with dignity and respect, and i think it's great that mattel is orrining -- honoring that. charles: let me tell you, his ceo has been on the show three times, he loves me. he'll probably call me after the show. >> let me know. charles: coming up, my takeaway on staying the course in the market as tough as it can be. but first, is chipotle the new meta? rob luna's going to break down the tide as has turned, and guess where the growth stocks are in you've known them for years, but wall street is just finding out. many. ♪ how will i know if he really loves me? ♪ i say a prayer with every

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charles: so we're going to stay with the theme of myth busting, and i'm sure you heard this old wall street adage, sell many in may and go away. maybe not so fast, but according to ryan dietrich, if you'd have cone that in this market nine of the last ten years were up, so you would have missed out on making some cash. maybe this time you want to hang around? we'll bring in rob luna. rob, you going away many may? [laughter] >> no, i'll be right here, charles. i think this might be one of those years make it 10 out of 11 because there's some pretty good opportunities out there, and a lot of people have cash on the sighline right now. charles: next week we get another big swath of earnings and then that fomc decision. it feels like we could really have some serious clarity. could that be the moment next

week when we do get maybe a breakout? >> yeah, i think so. and, look, if you look at all the data points, inflation, we talked about it, it really peaked last year, third quarter. you're starting to see more layoffs coming, i i think we've seen the worst of that. it's given the fed at least some cover now to reduce the language. i think it's probably going to see the last rate increase, but that's been priced into the market, and that's what everyone's been waiting for. you know markets hate uncertainty, so get your shopping list ready, and i think it's time for a lot of people on the sidelines to start getting back into the market here. charles: i felt a little bit of that yesterday. >> yeah. charles: as the session went on, it felt like it was -- i won't say panic buying, but there were some fence-sitters who decided to put a toe or two in the water. i remember a couple of months ago you shifted gears, got more conservative. your timing, by the way, has been fantastic. staples are is crushing it. outgrowing the growth stocks by a million miles. is that the way you continue to

go? is this a paradigm shift? what's your priority when you sharpen your pencil now? >> yeah, i don't think so. i think people because of that that uncertainty, charles, we're looking for safety. so you look at pepsi, chipotle, those have done really good and i think for good reason. but if you look at forward valuations meaning how much are you paying today, are they too expensive, you've got chipotle up towards 44, meta, which did really well yesterday, is only trading at 22 times earnings. as much as i like that new chicken at chipotle, i think meta's got better growth ahead than chipotle. charles: but it's ironic, you know, i missed a lot of the staples because of that reason. you knew that they were a safe haven, but i i just thought they were extraordinarily expensive which is ironic. and and another thing that i've always cone, i've always been worried about top-line growth at the expense of lower volumings. every single one of those names had lower volumes, but they were able to have pricing power. i agree with you.

before i let you no, what are you looking at, any fresh buys? >> yeah. well, look, if you want to stay little bit safer right now, i think there's two names that have pulled back, home depot and williams-sonoma. you get a 3% dividend, and housing's gotten tighter, people are doing one of two things, they're remodeling or looking for some of those fixer-uppers.f the list are of everybody right now. the you're going to be investing for the next 5-10 years, you've got to start doing your research are. i'm looking at smaller names, but nvidia, amazon, those are going to be the two huge winners. amazon, you're getting a pullback today, i think those are names you can go into. charles: i know last time you liked airbnb, i'm watching that too. rob, thanks a lot. i love hearing from you anytime you have comments about the show. let me know, we try to share as many as possible. teddy tweeting, we should -- the

fiscally responsible thing again. do we still have any of those? [laughter] another tweet about our government, how does the white house have the ability or authority to punish those with good credit scores when applying for a mortgage but reward those with a bad credit score when it comes to rates and down payments? i don't know. i really don't know. keep those comments coming, tweet me,@c @cbpayne. coming up, what you should be buying right now as we head into what could be a very consequential week next week. what we're eyeing into the close. ♪ ♪ finish

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status. i personally think a close above it could spark a massive buy move. joining me now, dave south orland. -- sutherland. david, your thoughts on this market. to me, the resolve isism prettiesive, but a potential major breakout through 4200. >> yeah, there's a lot of very significant resistance levels across multiple indicators. all sitting right around this 4150-4200. if you were to get above this and really one of the key levels to watch is the last time we had earningings, on february the 2nd, where we had these mega-cap names that led to some weakness later, but that also tried to breach this level and failed. if we were to get through that same level with the fomc and apple coming out next week, then that would solidify that break that you're talking about and really could lead to some bullishnesses, because it's a

breakout of multiples, very significant resistance levels. charles: of course you mentioned february 2nd, that's groundhog day. if we get up there again and fail, after after a certain amount of times of not break out, it does come down pretty hard, right? it could. >> the issue in this go around that we didn't have then is we have far less breadth this go around. so it's a very, very concentrated move. so if we are going to break through this,st it's got to be led by what's really got us to that point. in fact, earlier this morning i was looking at those seven stocks, microsoft, google, amazon, apple, tesla, you know, all the big, mega-cap nameses that are in the s&p. they currently make up after this earnings season this week 24.8% of the s&p 500. that is a strong concentration into a handful of stocks. and if we're going to bust through, those are going to be the steph curries and all the

star players that are actually going to get us through is and bust through that level. charles: let me pick up on that, because i saw a tweet of yours on yanis, and you with actually think the his comments and the pain that he felt could be a hearning lesson for traders in the market, right? >> yes. so you're talking to -- to a basketball coach in my spare time, so that tweet, that comment really hit home. it's something i'm always teaching my players as well as traders, when you have a loss, it's not a failure. you didn't do something wrong in a trade. it's, this is an odds game, and you have to play the odds and being -- be willing to accept the risk of taking on a trade ask looking for a reward. and if it doesn't work out, it doesn't work out. but you can look and see why and see if there's any lessons learned there so you can improve the process of your trade as you go forward from there. and that is, ultimately, that's wind of what yanis is talking about as well, it's the process

that matters. you can have a good day, you can have a bad day, a good trade or a bad trade, but they're all lessons, they're all steppingstones to, ultimately, success that you're looking to have. charles: all right. good stuff, david. thank you so much, i appreciate it. >> hey, no problem. charles: you know, folks, i'm going to pick up on that when we come back. my take is very similar, staying the course particularly during this earnings season. take it from me, it hasn't been easy for we. i'll tell you all about it when we come back. ♪ never gonna give you up, never gonna let you down. ♪ never gonna run around and desert you. ♪ never gonna make you cry, never gonna say good-bye -- ♪ never gone -- gonna tell a li- like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more...

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investing means real setbacks and temporary setbacks, and what separates the two, you've got to go many there and do your homework. you want to be calm, you want to be smart, you want to put your emotions to the side. dig in there, do the work. one thing you're going to see over and over again, these knee-jerk moves, stocks that go down on great earning, ask you just throw in the towel. staying the course is very, very critical, and it's going on the critical next week because i think between the fomc, the next round of earnings, on the cusp of a major breakout, you want to be a part of this this market. at the very least, pay attention. so go, have a great weekend, but before you do any of that, stay where you are because liz claman's coming up. this last hour of trading, this week it's always consequential, but i think it's going to be another barn burner. liz: indeed. and for three days straight it has swirled around first republic, charles. we start with this breaking news, wall street and the banking world are watching first republic very closely as we kick off the final hour of fo