How a President Harris or Trump could roil the economy

The stock market has bounced back from the growth scare that ensued earlier in August. To many folks on Wall Street, the sell-off was overdone and opportunities continue to exist into the fall. There are certainly catalysts to warrant the more upbeat assessment on risk assets: the Fed may cut rates in September and Corporate America continues to churn our healthy profits. Yahoo Finance executive editor Brian Sozzi drills into all things stock market with Raymond James CIO Larry Adam. Adam not only has his pulse on the markets from the opening bell to the closing bell, but he is tasked with providing top level insights to wealthy investors around the world. Adam tells Sozzi he remains bullish on tech stocks, but is more cautious on consumer discretionary names such as Disney and AirBNB. Small-cap stocks could be worth nibbling at ahead of Fed rate cuts this fall, which could boost the economy, fancies Adam. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at [email protected]. 00:00-Larry Adam joins Opening Bid 00:16-Today's market minute 04:30-The problems with panic-selling 08:30-Proactive rate cuts 13:11-Election breakdown 16:30-Investor advice Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky. Larry Adam is the Chief Investment Officer at Raymond James. Learn more about your ad choices. Visit megaphone.fm/adchoices