Kenny Polcari

…prediction about oil. Listen to what he told us. The only thing that seems like truth is the price of crude itself. And look at it, $68 a barrel. It's only about, you know, $8 or $9 ahead of where it was before this conflict started. So to me, the market is saying this thing is 98% done and to the general's point, that last 2% could be consequential if something flares up again. So there still should be a bit of a risk premium in crude. However, I think in the middle of next year, crude's going to be at about 45 bucks a barrel. And I think we're already starting to see the reasons why. UAE has increased production. OPEC then increases production to keep their market share. What do you make of that, Kenny? Listen, I'm in the same campus, Jimmy, right? I think oil is going lower. I think, you know, we're going to see the low 60s fairly soon. 45 might be aggressive next year, but I got to kind of think about how that's all playing out. But I definitely think the path of least resistance is down and not up. And so I fully suspect that, you know, the country's going to benefit really because we're going to see oil prices, like I said, get out into the low 60s, which is where they were right prior to the invasion, right ? Where they go beyond that is going to depend on how much this production gets ramped up, how much UAE wants to join. Are they going to let Iran really start selling not much more oil? How much more supply is coming to the market? So, yes, I think Jimmy's right. I'm not sure it's 45, but I certainly think it's lower from here. Not to speak for Ryan Payne, but I do want to bring him into the conversation…From: this video · 3 claims mined from it

…Back to the markets please. Just a little bit of red ink, it's not as bad as it was. The Dow's down 10, that's not much. S&P 500 is down 0.18%, not much. And the Dow's just turned positive, you 're up two points. The Nasdaq though, okay, it's down 0.4 %, about 110 points. That's not that big a sell off. Kenny Polcari with me now. Now, you are positive on tech stocks. You're telling me that rotation is not liquidation. Okay, what tech stocks do you like right now? Listen, I talked about it last week. Microsoft is the one that stands out and screams at me as an opportunity. Nvidia screams at me. Apple screams at me. MU, but MU is very extended, but on any pullback, I would think MU and some of the other memory stocks, even the DRAM ETF, which is the round hill memory ETF is another great way to play that sector. But I think there's plenty of opportunity in tech names. And like I said, over the last couple of weeks, we saw that rotation. Money moved out. Some of the asset managers took advantage of higher prices and reallocated that money. But all that does then is create an opportunity now as these stocks have been dislocated or repriced down 10%, 12%, 15%. In names like Microsoft and Nvidia and…From: this video · 1 claim mined from it