Leaders at the Bell with Kenny Polcari, Chief Market Strategist at SlateStone Wealth, Sep 11, 2025

Broadcasting from the floor of the New York Stock Exchange, veteran trader and SlateStone Wealth strategist Kenny Polcari brings four decades of perspective to a market torn between optimism and caution. He reads the softer PPI and CPI prints as keeping a Fed rate cut firmly on the table, arguing the real debate is no longer whether the Fed cuts but how — a measured 25 basis points versus a 50-point move that markets could read as panic. Polcari weighs the political noise around Governor Lisa Cook, the FOMO gripping cash-heavy investors (his counsel: stay invested, or park cash in Treasuries near 4.25%), and warns that a healthy 4–6% pullback is overdue after a straight-up run. He also unpacks gold's roughly 40% year-to-date rally and Goldman's $5,000 target, the Supreme Court tariff case and its bond-market implications, Oracle's blockbuster earnings amid stretched AI valuations, and why he treats Bitcoin as a legitimate core allocation sized to age and risk tolerance.