Stocks are at an inflection point. Either Europe's problems are going to hammer profit forecasts or the markets are poised for a short-term move higher.
Today's "Call-to-Action?" Watch for companies to use Europe as an excuse for poor guidance. But if that doesn't happen, and it turns out the negative news has already been priced into equities, get ready to rally.
That's essentially what BlackRockPresident Rob Kapito told us on Friday. He remains bullish on equities, and if he's right, the summer swoon may be closer to an end than a beginning.
The stated goal of the "The Strategy Session" is to put you ahead of the money, and that's what we accomplished with our guests this past week: John Mack, Chairman of Morgan Stanley, and Jimmy Lee, Vice Chairman if JP MorganChase, told us the fees on the GM IPO would be low.
Donald Drapkin told us about the massive amounts of cash sitting on corporate America's balance sheet—a topic that was later written about in the Wall Street Journal.
Mark Cuban told us of his intention to tender his Lions Gate Entertainment shares.
If it turns out Kapito was right, and stocks have already priced in Europe's woes, then be ahead of the money and position yourself for a bounce-back rally.
"The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.
Gary Kaminsky does not hold any equity positions.
The content of this blog is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.
All opinions expressed in this blog are solely the opinions of Gary Kaminsky and do not reflect the opinions of CNBC, NBC UNIVERSAL or their parent company or affiliates, and may have been previously disseminated on television, radio, internet or another medium. You should not treat any opinion expressed by Mr. Kaminsky as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Mr. Kaminsky’s opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Kaminsky, CNBC, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Mr. Kaminsky’s statements and opinions are subject to change without notice. No part of Mr. Kaminsky’s compensation from CNBC is related to the specific opinions he expresses.
Past performance is not indicative of future results. Neither Mr. Kaminsky nor CNBC guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or on the show. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website or on the show may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this website or on the show. Before acting on information on this website or on the show, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.