Strong GDP and Fed pressure set market tension: Claris’s Lee Baker
December 24, 2025 • 3m 11s
Frank Holland (Anchor)
00:00.070
you
believe
we're
in
the
santa
claus
Lee Baker (Owner & President)
00:01.270
rally
do
Frank Holland (Anchor)
00:01.550
you
see
these
next
Lee Baker (Owner & President)
00:02.190
seven
days
Lee Baker (Owner & President)
00:02.870
being
positive
and
if
so
what
areas
of
the
market
do
you
see
having
the
best
performance
yeah
so
you
know
i
i'd
have
to
say
although
i
don't
think
it's
predictive
the
data
is
real
you
know
seventy
five
percent
of
the
time
it
does
in
fact
happen
and
so
i'm
not
going
to
buck
that
Lee Baker (Owner & President)
00:16.590
trend
and
suggest
that
i've
got
any
reason
to
believe
that
it
won't
happen
this
time
around
you
know
i'd
love
to
tell
you
i
got
something
particularly
picked
to
come
out
on
top
here
in
the
next
few
days
but
overall
if
you
asked
me
to
make
a
bet
i'd
say
yeah
things
are
going
to
Lee Baker (Owner & President)
00:30.350
be
higher
come
the
early
part
of
january
all
right
you're
where
the
day
today
is
hope
i
think
a
lot
of
people
were
hoping
the
economy
would
come
in
with
pretty
strong
read
with
the
GDP
report
what
else
are
you
hoping
for
you
know
i'm
going
with
hope
you
know
it's
that
thing
that
Lee Baker (Owner & President)
00:43.870
keeps
people
investing
in
their
futures
and
staying
optimistic
about
what's
coming
ahead
even
when
we're
in
uncertain
times
and
you
know
it's
times
like
these
in
the
market
and
and
you
know
geopolitical
situations
that
having
a
little
bit
of
hope
i
think
is
a
good
thing
all
Lee Baker (Owner & President)
00:59.590
right
are
you
hopeful
also
that
we're
going
to
see
fed
rate
cuts
next
year
other
side
of
that
coin
on
the
GDP
report
was
that
PCE
came
in
core
PC
came
in
at
two
point
nine
percent
raised
some
questions
when
you
look
at
the
strength
of
the
economy
and
also
the
stickiness
of
Lee Baker (Owner & President)
01:12.830
inflation
actually
increasing
three
hundred
basis
points
from
Q
two
to
Q
three
that
that
may
take
some
cuts
off
table
do
you
think
those
cuts
are
important
for
the
rally
next
year
cuts
are
important
and
i
am
quite
frankly
hopeful
however
i'm
a
little
bit
doubtful
at
this
Lee Baker (Owner & President)
01:27.870
juncture
right
you
know
i
think
the
feds
going
to
be
you
know
under
normal
circumstances
perhaps
a
little
bit
cautious
about
rate
cuts
just
based
on
the
data
but
this
administration
has
shown
that
when
they're
looking
at
the
the
new
fed
the
basically
stated
hey
we
want
somebody
Lee Baker (Owner & President)
01:45.390
that
i'll
use
the
term
rate
cut
friendly
so
that's
going
to
be
an
interesting
dynamic
as
we
roll
into
the
spring
i
wanna
get
to
your
pick
wirehauser
why
you're
even
you're
laughing
i
mean
it's
it's
not
a
name
that
comes
up
very
often
here
on
CNBC
it's
a
timber
company
why
are
Lee Baker (Owner & President)
02:00.360
you
so
bullish
on
timber
so
here's
the
thing
you
know
weyerhaeuser
is
down
around
twenty
percent
this
year
but
so
is
the
price
of
timber
and
so
we're
sitting
there
looking
at
a
company
that's
valued
the
timber
that
it
owns
it's
the
largest
timber
holder
in
the
united
states
the
Lee Baker (Owner & President)
02:16.470
value
of
the
timber
is
more
than
the
current
value
of
the
company
itself
now
a
lot
of
its
trouble
coincided
with
twenty
twenty
two
we
had
the
rates
go
up
you
know
a
bunch
of
its
profits
come
from
new
home
building
but
as
we've
seen
rate
cuts
come
down
and
again
the
likelihood
Lee Baker (Owner & President)
02:33.030
although
i'm
a
bit
cautious
at
this
juncture
that
rates
come
down
a
little
bit
more
that'll
make
the
home
building
sector
a
little
better
looking
next
year
it's
got
a
great
base
to
come
from
it's
got
a
four
percent
dividend
yield
so
i
i
i
like
it
you
know
it's
got
a
lot
of
Lee Baker (Owner & President)
02:48.550
upside
to
it
all
right
so
it's
kind
of
connected
to
your
other
hope
for
get
some
fed
rate
cuts
fed
rate
cuts
create
some
liquidity
in
the
housing
market
that
you
need
more
of
the
temper
it
sounds
like
absolutely
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