And only Hartika Singh, a fun strat.
She is of course one of our favorite guests here on the show.
Nice to see you again.
Nice to see you too.
It was just last week, right?
It was just like, yes, tend to be fair, a lot of the days tend to blend together, but they're always very grateful for your time.
OK, let's just take a look up here at the big board.
I mean, markets overall obviously not at a round of all-time highs, but we're not very far removed from those fresh records.
What have you seen most recently?
Anything surprise you or jump out in these markets?
I think the prospect of ceasefire no longer being on the table really, really spooked.
Markets today and it's weird because for the longest time it kind of just didn't matter what was happening with it.
Investors had already priced it in.
They had moved past those worries of war, oil.
Oil prices started to come down, you know, they're back to pre-war levels for the most part, but then we had today and it sort of just tripped things up all over again.
I think today, given the stock market reaction, we had a little bit of a sell-off, but it's not big enough yet for me to be concerned about it and start thinking, oh, these are not levels where I would buy the.
I would buy the dip here.
Yes, we did have a few sectors that did do pretty well.
Our tranches of stocks, oil and energy stocks did well.
Most of the semiconductor names like Broadcom did very well today.
Memory did very well, though the quantum names, a lot of these high flying, the high beta stocks kind of reversed.
But otherwise you look at airlines, the banks, fintech, the home builders, a lot of sellers were a lot louder today on Wall Street today.
100%.
And I think, I think the other stocks doing well.
It just goes to show how important it is to have a diversified portfolio.
Right now we've all been so heavyweight into these tech names, these high flying memory stocks, Micron, Sandusk, and I think somewhere along the way we just forgot the value of holding financials, industrials, healthcare, you know, these are, these are stocks that are doing well because of the rotation trade going on right now.
Uh, I think I saw a stat that the Dow Jones Industrial Average finished June.
It's, it's best June compared to the NASDAQ since 2022.
So that's pretty impressive.
I think that Dow being price. not having as many tech stocks, doing well goes to show that diversified portfolios still has a role right now.
That's right.
We talk a lot about Goldman Sachs and Caterpillar being the outperformers in the Dow.
They are the most weighted stocks as well, around $1000 a share.
What is one reality about, excuse me, what is one reality about portfolio allocation for the second half of 2026 on your radar?
Do you think people watching might benefit from paying a bit more attention to?
I think that's a great question.
I think we might have a little bit of a selloff here.
Going into fall for the most part, but I think we're still gonna have a very strong year.
I estimate, you know, Tom Lee, our head of research, he estimates it's gonna be 8000 points for the S&P 500, which is significantly higher than the levels right now.
Uh, but I do think that the road ahead is gonna get a little bit more volatile, especially as we've seen with the memory stocks coming down right in the past month.
For me, I would say the biggest concern is the new Fed chair and Fed policy from here on out.
The data is so.
Confusing.
We don't know what's going on with inflation.
I thought it had peaked, but oil prices are rising up again today, so I'm wondering if it's worth changing that outlook again.
Job market was strong, but then the last job report showed that, hey, it may not be as strong as we had imagined.
So I think there's a recalibration here that needs to happen, and the new Fed chair, that's just not a good combo for the stock market in the short term.
So I think eventually we do finish out very strongly here for the year.
In the near term it's a little tricky.
Speaking of Kevin Warshch.
Do we learn, if anything, for Fed minutes today?
I feel like, you know, we talk about Fed minutes when they come out.
Maybe it's kind of a muted reaction.
I feel like today was an interesting one to see a little bit more under the hood about what a W-led FOMC will look like and maybe not total consensus among the voting economists on that panel.
I think the one big takeaway that I got from the minutes was that he wants to overhaul the Fed.
The Fed, as we know under Jerome Paul, it's just not going to be the Fed that is leading us in the new age, and I was a little bit concerned that there was.
Building consensus on rate hikes rather than easing, but the fact that he has reiterated in the past that forward guidance is very important for him, I think that means, oh sorry, there's gonna be a lack of forward guidance.
I think that means that we should be more economic data dependent.
And what the data is telling us right now is that a pause is completely fine.
We don't need to worry about hiking.
We don't need to worry about easing.
Let's just look at what the data is telling us, and according to that, I think it's, it's a pause for now.
It's a hold for now.
All right, the great Harti Kasinga Funstrade, thank you for being here and thank you for bringing the Fun Strade intern team, by the way.
Howard, can we show the Fun Strade interns?
Give it up for yourselves for being down here today.
Rock and roll.
Thank you for being here as always, thank you guys for being here one and all.
