RUSH TRANSCRIPT That we ░░░░░░░░ Patrick Healy s with ░░░░░░░░ president chief investment officer ░░░░░░░░ financial partners Thank you ░░░░░░░░ being here So what ░░░░░░░░ on Tell me you ░░░░░░░░ this is the point ░░░░░░░░ market is becoming and ░░░░░░░░ about more than a ░░░░░░░░ we re Finally here ░░░░░░░░ a read could ensue ░░░░░░░░ hopefully represents an inflection ░░░░░░░░ for the market and ░░░░░░░░ start to treat better ░░░░░░░░ will certainly using 20 ░░░░░░░░ fifty and what What ░░░░░░░░ you think is the ░░░░░░░░ behind that yeah I ░░░░░░░░ it s 20 five ░░░░░░░░ points I honestly think ░░░░░░░░ there were no could ░░░░░░░░ market would dump You ░░░░░░░░ fifty is well Some ░░░░░░░░ are rooting for the ░░░░░░░░ think those the third ░░░░░░░░ trying to carefully manage ░░░░░░░░ cycle and they don ░░░░░░░░ want to to indicate ░░░░░░░░ re behind the curve ░░░░░░░░ terms of playing catch ░░░░░░░░ and so I think ░░░░░░░░ kind of signal 20 ░░░░░░░░ I think it s ░░░░░░░░ about the you know ░░░░░░░░ man Wednesday but also ░░░░░░░░ Fed testimony of the ░░░░░░░░ that come out of ░░░░░░░░ meeting and I think ░░░░░░░░ will be looking for ░░░░░░░░ for future cuts be ░░░░░░░░ the yeah That s ░░░░░░░░ I m thinking about ░░░░░░░░ there s been talk ░░░░░░░░ one full percentage point ░░░░░░░░ by December We have ░░░░░░░░ more like meetings November ░░░░░░░░ December It up the ░░░░░░░░ testimonies going to do ░░░░░░░░ dependence you re going ░░░░░░░░ that terminology Speak if ░░░░░░░░ if the data deteriorates ░░░░░░░░ the labor market but ░░░░░░░░ they ve kind of ░░░░░░░░ inflation under control which ░░░░░░░░ encouraging but I think ░░░░░░░░ now it s looking ░░░░░░░░ like 20 five basis ░░░░░░░░ November December and something ░░░░░░░░ happens right and when ░░░░░░░░ look at what s ░░░░░░░░ on the economy Well ░░░░░░░░ What are your thoughts ░░░░░░░░ is largely overlooked is ░░░░░░░░ level of critical Or ░░░░░░░░ of the economy we ░░░░░░░░ kind of accumulate to ░░░░░░░░ that are north of ░░░░░░░░ trillion that dead has ░░░░░░░░ be paid back over ░░░░░░░░ Some of the pressure ░░░░░░░░ what 20 five basis ░░░░░░░░ is not going to ░░░░░░░░ the needle It s ░░░░░░░░ to need to be ░░░░░░░░ series of those overtime ░░░░░░░░ I was reading through ░░░░░░░░ had some thoughts on ░░░░░░░░ I tell me where ░░░░░░░░ stand there because it ░░░░░░░░ to be staggering You ░░░░░░░░ some of the investment ░░░░░░░░ ever supposed to be ░░░░░░░░ greatest thing since sliced ░░░░░░░░ It was going to ░░░░░░░░ this big girl Grow ░░░░░░░░ but now it sort ░░░░░░░░ fostering a little back ░░░░░░░░ forth yeah So we ░░░░░░░░ get in flux in ░░░░░░░░ lot of enthusiasm space ░░░░░░░░ this year It s ░░░░░░░░ names get beat of ░░░░░░░░ aggressively yeah you re ░░░░░░░░ to see some short ░░░░░░░░ and hedge funds Circling ░░░░░░░░ sharks and really cutting ░░░░░░░░ some of the Billions ░░░░░░░░ dollars being allocated to ░░░░░░░░ space there was an ░░░░░░░░ by oracle last week ░░░░░░░░ kind of really just ░░░░░░░░ the revenue projections going ░░░░░░░░ that stock rallied will ░░░░░░░░ at others in the ░░░░░░░░ for further signs of ░░░░░░░░ W trend that s ░░░░░░░░ to persist so would ░░░░░░░░ portfolio you re mine ░░░░░░░░ still include because there ░░░░░░░░ a lot of cash ░░░░░░░░ the sidelines to when ░░░░░░░░ you go in when ░░░░░░░░ mag seven or any ░░░░░░░░ the other sectors for ░░░░░░░░ matter So I think ░░░░░░░░ as you start to ░░░░░░░░ down a lot of ░░░░░░░░ other sectors Just the ░░░░░░░░ seven stocks were a ░░░░░░░░ of investors been hiding ░░░░░░░░ for most of the ░░░░░░░░ think they need clarity ░░░░░░░░ the world cuts you ░░░░░░░░ going to see broader ░░░░░░░░ as we start to ░░░░░░░░ a series of rate ░░░░░░░░ not just the one ░░░░░░░░ Wednesday yeah and look ░░░░░░░░ that may be good ░░░░░░░░ the smite caps If ░░░░░░░░ start cutting rates right ░░░░░░░░ ones that benefit their ░░░░░░░░ the most sensitive As ░░░░░░░░ have gone up they ░░░░░░░░ got beat down but ░░░░░░░░ opposite Also true and ░░░░░░░░ s that s what ░░░░░░░░ m looking for You ░░░░░░░░ watching the vex and ░░░░░░░░ s Link to eat ░░░░░░░░ do you buy into ░░░░░░░░ Sometimes I do in ░░░░░░░░ of heightened volatility Obviously ░░░░░░░░ think once What the ░░░░░░░░ is The Is less ░░░░░░░░ fifty days way We ░░░░░░░░ very diverging policy agendas ░░░░░░░░ the candidates Heightened volatility ░░░░░░░░ into election night and ░░░░░░░░ the days that followed ░░░░░░░░ we may not get ░░░░░░░░ result on election night ░░░░░░░░ right Brain plays out ░░░░░░░░ s very true how ░░░░░░░░ some of the more ░░░░░░░░ sectors real estate utilities ░░░░░░░░ s were dividend payers ░░░░░░░░ do they said in ░░░░░░░░ portfolio Cuts in terms ░░░░░░░░ real stay The cost ░░░░░░░░ capital for a commercial ░░░░░░░░ will go down in ░░░░░░░░ alleviate some of the ░░░░░░░░ with refinance risk which ░░░░░░░░ something that a lot ░░░░░░░░ market participants are concerned ░░░░░░░░ utilities or defensive But ░░░░░░░░ think utilities are also ░░░░░░░░ from the I trade ░░░░░░░░ there s a lot ░░░░░░░░ need for power to ░░░░░░░░ Great to see of ░░░░░░░░ financial partners Thank you ░░░░░░░░ plenty more to come ░░░░░░░░ on trading 30 sexy ░░░░░░░░ next