It's a new FarrCast! The markets are up 17% off the Christmas lows. Will the rally continue? As we hit the next significant resistance level, Michael talks with Jim Baka of Calamos Wealth Management on some of the tools available to the long term investor.
Senior Political Analyst Dan Mahaffee says the President might not be happy -- but with a deal in place in Congress, another shutdown isn't likely. The next fight is over where the Administration is going to shift money around to buy more wall that what the Congress will appropriate money for. Dan moves on to China -- the rhetoric has calmed down, but the two sides really are far apart. Issues remain, but there is enough progress that Dan thinks the President will postpone the March 1 tariff deadline. Moving on to Brexit -- the Brexiteers want to leave the EU club but dictate the terms to the club. Dan isn't as optimistic as he was on a second referendum, but thinks some delay to the exit is coming.
In the third segment, Michael welcomes John Morris of Crestwood Advisors. Michael and John dive into the rally. How far can it go? The economy is plodding along -- John thinks volatility is hiding now, but not going away. He's confident that the markets will be constructive this year, but there will be potholes along the way, and even a correction isn't out of the question.
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