The Exchange

As rates continue to shoot higher, we’ll hear from one economist who says the Fed won’t be able to follow through on its tightening plans. Plus, we’ll do a deep dive on how rising rates are impacting real estate. Could we be at a turning pointing from residential to office strength? We’ll ask Don Peebles. And, earnings season kicks off next week, led by the big banks. But which is a buy, and which is a bail? We’ll ask our trader Gina Sanchez. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The market is still feeling a bit nervous as the Fed gets more aggressive on tightening, and now there’s a new wrinkle they’ll need to digest too. We’ll discuss. Plus, Home Depot & Lowe’s are both down more than 20% this year as rising rates spoil the reno boom. We’ll speak with the analyst that called this home improvement downturn last year. And, today is opening day for Major League Baseball, which also marks the debut of MLB games exclusive to Apple. Will it be a home run, or a strikeout for the tech giant? We’ll debate. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly helps make sense of carnage in the bond market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The market is flashing plenty of warnings signals, so what’s the right playbook now? We take a look. Plus, as the market braces for an aggressive Fed, we look ahead to the latest fed minutes and what they may tell us about the balance sheet and rate hikes. And taking the pulse of teenagers in America. We look at what they’re buying, eating and sharing-and how to trade the trends. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Some hawkish words from a usually dovish Fed Governor, with Lael Brainard saying inflation is much too high, and the Fed may have to get even more aggressive. We’ll look at the fallout as rates rise. Plus, Elon Musk is joining the Board of Twitter, just a day after disclosing his stake in the company. We’ll speak with an analyst who’s downgrading the stock despite it soaring 30% in 2 days. And, we’ll get a trader’s take on 4 major stocks – 3 to buy here, and one to avoid -- just as earnings season heats up and the yield curve inverts in “3 Buys & A Bail.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why this trading environment is unlike anything we’ve seen in the 21st century. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Elon Musk has become Twitter’s biggest shareholder, disclosing a 9% stake worth nearly $3 billion. We’ll speak with one analyst who says the upcoming midterm elections make now the perfect time for Musk to buy in. Plus, Cathie Wood says the Fed is playing with fire, calling it a mistake to raise rates as yield curves invert. Larry Lindsey joins to argue against that logic. And, are these the best or the worst of times for financial stocks? And should you bet on traditional banks or fintech stocks right now? We’ll debate. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The U.S. added 431,000 jobs in March, with the unemployment rate falling to a pandemic-era low of 3.6%. Is the economy on strong footing as the Federal Reserve begins a new rate hiking cycle? We’ll debate. Plus, we’ll speak with one expert who says it’s “absurd” to think raising rates will cause a recession right now. And, we’ll bring you 3 stock picks to consider before earnings season kicks off again in “3 Buys & A Bail.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why the Fed may need to get even more hawkish from here. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why the Fed might still be too far behind the curve. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Biden is expected to speak just minutes from now, as he’s set to order a huge release of oil from our strategic reserves. Could gasoline rebates be next? And would any of this actually help bring pump prices down? We’ll explore all the angles. Plus, we’ll take a hard look at whether or not the Fed can bring down inflation without sparking an economic downturn, ahead of another key jobs report tomorrow. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are slightly lower, putting their 4-day winning streak in jeopardy today. And while bond yields are reversing higher, there’s technically no inversion of the 2-YR / 10YR spread just yet. We’ll have all the latest details. Plus, there’s still plenty of optimism for crypto, with bitcoin’s price up 10% this week. But is one big whale behind the huge jump? We’ll explore. And, Apple is riding an 11-session winning streak, its longest since 2003. Could investors finally see it close about the $3 trillion mark? We’ll debate. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Just how aggressive is the Fed going to get? We’ll speak with an analyst who expects at least 2 half-point rate hikes in the months ahead. Plus, stocks are continuing their winning streak today, even as yield curves begin to invert. We’ll bring you the latest moves as they happen. And, the U.S. is stepping up with billions of cubic meters of nat gas as Europe looks to remove Russian supply. We’ve got a list of U.S. companies that could benefit. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s been an ugly quarter for bonds, as the 5-year and 30-year yields have inverted for the first time since 2006. What is the bond market telling us? What do they – and don’t they – know? We’ll take a hard look at how investors should react here. Plus, President Biden just unveiled his $6 trillion budget plan, including a new 20% minimum tax on households worth $100 million+. But can it actually pass? We’ll debate. And, if workers have so much leverage right now, why is unionization seeing such a big resurgence? We’ll explore all the angles of this labor market conundrum. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly makes sense of nastiness in the bond market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly lays out what might happen if the Fed speeds up its tightening timeline. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why Fed Chair Jerome Powell has suddenly become much more hawkish. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

What can the West do to stop Putin’s attack in Ukraine? Nikita Khrushchev’s granddaughter says as the US and allies sends weapons, not only will that do little to stop Russia’s invasion, it will, in fact, egg Putin on. Blackrock’s Larry Fink says this is the end of globalization. We get a look at what that means for international investors. And the EU and US are cooperating to wean Europe off its dependence on Russian oil…but can the US offer substantial help? Plus, President Biden speaks at NATO Headquarters. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Are rising rates actually good for tech stocks? Despite history pointing to the contrary, we’ll look at why their relationship has just changed for the better. Plus, JP Morgan CEO Jamie Dimon is proposing a “Marshall Plan” for energy. We’ll look at whether something like that is already in the works amid the crisis in Ukraine. And, we’ll ask the CEO of EVgo if America’s charging infrastructure is ready to keep up with surging demand. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The 10-year bond yield hit its highest level in 3 years following Fed Chair Jerome Powell’s hawkish “pivot” yesterday. That has experts calling for more front-loaded rate hikes. We’ll discuss the pros & cons of this new tightening timeline with a former Fed economist. Plus, there’s a growing divide in the staples sector between pandemic winners & losers. We’ll speak with an analyst who has his names to watch and avoid. And, KraneShares is launching a new ETF filled with energy names making the switch to renewables. But what about the oil & gas we need right now? We’ll explore. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are falling, as Jerome Powell suggested he’s open to a 50bps hike if inflation warrants it. This as markets come off their best week since late 2020. But a key strategist says the Fed has played its cards “perfectly” here, and the market loves a credible central bank. We’ll explore. Plus, Warren Buffett is buying another insurance conglomerate, and Berkshire shares are hitting all-time highs. Is the Buffett way back? We’ll debate. And, a rift is growing between Disney CEO Bob Chapek and his predecessor Bob Iger. We’ll tell you how it started and where things might go from here. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this Conversation, Kelly talks to Mizuho’s Steve Ricchiutto about why he’s skeptical we’re entering a permanently higher inflation period, why he thinks it would be a mistake for the Fed to shrink the balance sheet while hiking rates, and the reasons why the jobs market isn’t as tight as everybody—including the Fed—previously thought. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The hawkish headlines just keep coming from the Fed, and yet stocks continue to grind higher. Fed Governor Christopher Waller told CNBC that “inflation is raging” and the central bank needs to get more aggressive. Is he right? We’ll debate. Plus, the Dow and S&P are having the best weeks since November 2020. But we’ll hear from someone who says you might want to sell this rally. And, CNBC’s Next Generation 50 index is having its best week of the year. Our trader picks 2 names with room to run, and 2 more that are past their prime. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Huge market swings lately are starting to create new openings -- and pressure points -- for investors. One strategist is highlighting biotech & smalls caps, with one showing opportunity, the other flashing concern. He’ll join us to explain. Plus, Americans want to know why pump prices haven’t dropped more already. One expert has the answers, and explains where prices will start dropping first. And, is the yield curve actually steepening? While investors worry it’s signaling a recession, we’ll look at why the opposite might be true. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains how the yield curve is signaling that inflation could keep running hot. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We’re just moments away from the latest Fed decision. The central bank is expected to raise rates by a quarter point, it’s first hike since December 2018. Some experts say it’s too late, with inflation running at 40-year highs. Others worry it’s moving too quickly as global war breaks out. We’ll bring you the decision once it breaks, and will cover all the angles you need to know in the meantime. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Rates are edging higher again today, but this time stocks are rising as well. It comes as a key inflation reading came in softer than expected, but still the biggest jump on record. We’ll explain what it means for you & your portfolio. Plus, the Fed is kicked off a two-day meeting, widely expected to raise rates by a quarter point tomorrow – the first hike since the pandemic began. We’ll look at the fallout. And, oil prices continue dropping as fears of a slowdown in China sink in, remaining below $100 per barrel. We’ll dive deeper into concerns for the energy market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nasdaq sliding as rates climb ahead of Wednesday’s Fed Meeting, we hear from one strategist who warned of a sell-off when the Fed began tightening about what he’s seeing now. Oil continuing its decline from last week as China’s Covid lockdown sparks demand concerns. How low prices could go and what that means for gas prices in the U.S. And sticking with China, just how cozy are they getting with Russia while also holding talks with NSA officials in Rome today? And what does that mean for international markets? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are heading for their fifth straight down week, with a rate hike cycle set to start next week amid spiking inflation. Is the economy ready? We’ll ask the experts. Plus, crude soared to $130/barrel this week, highlighting our lack of alternative energy sources. So what can we do in the meantime to help consumers? We’ll explore. And, the SEC’s crackdown is crushing Chinese stocks. But is Covid also weighing on Chinese markets? We’ll speak with the man who runs the KWEB ETF at KraneShares. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why rising inflation is actually a good sign for the labor market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are falling today as inflation soars to the highest level in 40 years. We’ll tell you how to protect your portfolio. Plus, food & labor costs are soaring for restaurants. Are customers willing to pay up? We’ll ask the CEO of Portillo’s. And, with gas prices surging to record highs, EVs are looking more attractive than ever…if you can even get one right now. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are surging, European markets are soaring and crypto is climbing as commodities take a breather. Is this just a countertrend consolidation day, or are we entering a new phase for the market? We’ll explore. Plus, bitcoin is jumping 10% after President Biden signed an EO on cryptocurrencies. We’ll look at why the industry is so excited about going ‘mainstream.’ And, with pump prices still soaring, President Biden is looking to Venezuela for some crude supply relief. But is that the right direction? We’ll debate. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Crude is losing steam after President Biden officially announced a ban on Russian oil imports. We’ll look at why analysts still think prices will have to stay around these levels – or higher – for quite some time. Plus, the crisis in Ukraine is complicating matters for the Fed and it’s rate hike strategy. We’ll ask the man who called for 7 hikes this year if he’s sticking to that forecast. And, Apple is kicking off its latest product event, and we’re expecting a host of new gadgets – including a lower cost iPhone. We’ll bring you all the details. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Dow dropped more than 700 points in earlier trading amid reports of more intense fighting in Ukraine. We’ll bring you the latest news and discuss how this all plays out for markets. Plus, crude oil has pulled back after hitting a 14-year high. Can U.S. drillers ramp up production fast enough to help keep prices down? We’ll explore all of it, especially as Bipartisan leaders have just reached a deal on a new bill that could ban Russian energy imports. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why pretty much everyone would be happier with a much lower price of crude oil. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly sits down with Julia Coronado of Macropolicy Perspectives to discuss upping her rate hike forecast, how she expects the Fed to respond to both inflation and the Ukraine crisis right now, and the difference between fiscal and monetary stimulus. Kelly and Julia also dig into the pros and cons of being an economist at different types of institutions--given her experiences at a large bank, a hedge fund, and now as an independent consultant. And be sure to stick around to hear about the current academic research that has Julia the most excited. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks have been in the red all day after Russian troops occupied a nuclear power plant in Ukraine. But despite appearances, we’ll speak with an expert who says the war is actually helping Putin’s popularity at home. Plus, could the world survive without Russia’s oil supply? We’ll hear from an analyst who says $200/barrel is the price of that “freedom.” And, the economy added 678,000 jobs in February. We’ll dive into the data and what it means for the Fed’s next move. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why the opposite of what the Fed is trying to achieve right now keeps occurring. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are losing steam as Vladimir Putin says Russia’s military operation in Ukraine is “going according to plan.” And Fed Chair Powell is wrapping up his second day before congress by warning it’s too soon to tell if Ukraine will affect it’s hiking plans. We’ll bring you the latest. Plus, could climbing crude prices help accelerate the consumer push into EVs? We’ll ask the CEO of ChargePoint. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fed Chair Powell says he still backs a rate hike at its next meeting in two weeks, and the markets are shrugging it off. We’ll look at what else Powell told Congress today, and why that hasn’t derailed the averages. Plus, WTI crude has topped $112 per barrel for the first time in over a decade. We’ll look at how we got here, and if it’s sustainable. And, we’ll take a hard look at all the actions U.S. companies are taking to avoid doing business with Russia right now, and what it means for business. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s an ugly picture playing out in the markets today, as concerns grow over the future of Ukraine. The Dow is falling about 2%, while bank stocks are sinking due to plunging bond yields. We’ve got all the angles covered, and will bring you the latest details as they develop. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why the fight against inflation could leave even bigger economic scars than imagined. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

With just two weeks until the Fed’s rate decision, Kelly sits down with JPMorgan’s Chief U.S. Economist Mike Feroli to discuss whether 3% inflation is really a bad thing, where inflationary pressures are now coming from, the crucial economic data to watch, and how the Ukraine invasion could impact the Fed’s timeline. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are falling but well off the lows of the day, as traders say the drop in real yields is making growth stocks attractive again. We’ll tell you how to react. Plus, the U.S. & EU continue to tighten sanctions on Russia despite peace talks being held today. We’ll look at the fallout from forcing Russian banks off of SWIFT. And, we’ll speak with the head of a top Nat Gas producer about potential supply disruptions if the conflict in Ukraine continues to drag on. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are higher for the 2nd day in a row, with the Dow rallying nearly 800 points. But can the rally last if geopolitics get worse? We’ll explore. Plus, oil is dropping today, but Jeff Currie says uncertainty around Russia sanctions could still send crude to $125 per barrel. He’ll join us to explain why. And, could the Ukraine crisis derail the Fed’s tightening plan? We’ll speak to John Taylor who says “no” it should not. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks gave up their early gains, as Ukraine appears to be the victim of a cyberattack. The S&P is now within 1% of its January intraday lows. Are those lows safely in, or not? We’ll explore. Plus, as more sanctions get issued on Russia, we’ll speak with an expert who has one key thing the West should watch for. And, in today’s Earnings Exchange: we’ll give you the story, the action and the trade in Alibaba, Moderna and Live Nation with results on deck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks are falling as the White House is now calling Russia’s actions in Ukraine an invasion. But we’re seeing a big reaction in oil & energy, despite the future of a major gas pipeline in Europe hanging in the balance. We’ve got all the market angles covered, and will bring you to the White House live with President Biden expected to speak any moment. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kelly explains why it’s too soon to assume the crisis in Ukraine will change the Fed’s plans to hike interest rates. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The averages are heading for their second straight down week, as the Russian threat to Ukraine hangs over the market. How should you prepare as we head into this three-day holiday weekend? We’ll ask the experts. Plus, are high prices and low inventory going to slow the red-hot housing market to a halt? We’ll ask the CEO of Realogy. And – one trader, four stocks. Danielle Shay of Simpler Trading joins us for another edition of “3 Buys & A Bail.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.