JOBS REPORT HITS: Analyst explains the market's BIG move

>> ABOUT FOUR MINUTES TO GO UNTIL THE OPENING BELL AND WE'VE GOT GREEN. THE DOW IS UP 50. S&P UP 20. NASDAQ UP 234 POINTS. LOOK WHO IS HERE. THE BULLISH BRIAN BELSKI JOINING US TODAY. YEAH, THAT'S YOU. THAT'S YOU. BULLISH BELSKI. THE JOBS REPORT. 23,000 JOBS LOST. YOU KNOW, THE MARKET SEEMS TO LIKE IT, RIGHT? >> OF COURSE IT DOES BECAUSE IT LOOKS LIKE BOND YIELDS ARE GOING TO SLIP A LITTLE LOWER. THE MARKET DOESN'T WANT HIGHER RATES, STU, AND WE'VE BEEN IN THIS ENVIRONMENT FOR LOW RATES FOR A LONG TIME NOW AND I THINK WE SEEM TO FORGET THAT THE FED HAS A DUAL MANDATE, ON ONE SIDE INFLATION, ON THE OTHER SIDE EMPLOYMENT. EVERYONE IS SO FOCUSED ON INFLATION, AND IN THE GULF. OIL IS VOLATILE AS SOON AS OIL PRICES START GOING DOWN, AND THEY WILL, INFLATION WILL GO DOWN AS WELL. STUART: DO YOU THINK THE MARKET IS TOO RELIANT ON TECHNOLOGY? >> NO, I DON'T BECAUSE IF YOU TAKE A LOOK AT EARNINGS AND THE FUNDAMENTAL PERSPECTIVE OF THE MARKET, WE'RE SEEING BROADENING OUT. LOOK AT IT IN THE SECOND QUARTER AND MORE ABOUT PERFORMANCE. IT'S ABOUT FUNDAMENTALS, THE CASH FALL AND THE EARNINGS AND SMALL CAP WE'RE GETTING AND LOOK AT VALUE STOCKS AS WELL DRIVEN BY WHAT'S HAPPENING IN FINANCIALS. WE RUN A VALUE PORTFOLIO AT CUMULUS AND OVER 30% FINANCIALS AND THAT IS DOING AMAZING BECAUSE OF THE GREAT FUNDAMENTAL GROWTH IN FINANCIALS SO WE'RE NOT COMPLETELY RELYING ON TECH. STUART: AS YOU LOOK DOWN THE ROAD FOR THE REST OF THE YEAR, WHAT DO YOU SEE, SLIGHTLY LOWER INTEREST RATES? AN EXPANDING ECONOMY? WHAT DO YOU SEE? >> SLIGHTLY LOWER INTEREST RATES, EXPANDING ECONOMY, SLOWLY EXPANDING. INFLATION TO ROLL OVER, A BROADENING OUT EFFECT. NOT AT THE EXPENSE OF THE MAG 7 OR TECH, WE'RE JUST GOING TO SEE STOCKS ALL KIND OF LIVING TOGETHER IN A VERY POSITIVE LIGHT, STU AND YOU'RE GOING TO WANT TO OWN SMALL MID CAP, GOING TO WANT TO OWN DIVIDEND GROWTH AND OWN TECH. STUART: WHAT'S SO SPECIAL ABOUT DICK'S SPORTING GOODS. DOWN 8% IN THE PAST 12 MONTHS, IT'S AT 199 NOW. YOU LIKE IT. WHY DO YOU LIKE IT AND WHERE DO YOU THINK IT'S GOING? >> WE LIKE COMPANIES THAT ARE WELL-RUN FROM A MANAGEMENT PERSPECTIVE, ARE OPERATING ON ALL CYLINDERS IN TERMS OF RETURN ON EQUITY, RETURN ON INVESTMENT CAPITAL AND WHAT THEY'VE DONE WITH THE FOOT LOCKER FRANCHISE, WITH THE CHAMPENS, GOLF GALAXY FRANCHISE. LOOK AT OTHERS, LULU IS HAVING PROBLEM AND UNDER AMOUR, SO, IF YOU TAKE A LOOK HOW DICK'S HAS MANAGED THEIR COMPANY, IT'S A GREAT MID CAP AREA AND WE OWN IT IN OUR MID CAP PORTFOLIO. STUART: WHERE IS IT GOING? >> IT'S A SPACE IN RETAIL DIFFICULT TO RUN ON THE SIM LARS THAT I TALKED