Mike is here to talk about what this means. Mike, what comes next . 14 months without a new high. Whats going on now is of course you had yields globally suppressed and that helped the sectors support the market we talked about over the past few months. Now the question is what happens now. We have the earnings recession in the process of ending so you have the more cyclical sectors and the question is do we rotate or have a broader move higher . Last year the doubts were over it and it wasnt a broad based rally. How different is that this time around . Almost entirely different in the sense that last year it was the sexiest Growth Stocks taking over the world that were leading us there and now its the most boring stuff and its basically just these and to me the question is whether the stuff in the middle the industrial stocks, the consumer disgres nary stocks that have had their kind of quite bear markets can come back on the back of a rebound in earnings. Although the biggest winners
Initiatives and campaigns. That is someone saying this is what matters. This is what i need in my life. So true in business that the urgent drives out the important. When i took way from that is he that it is urgent but not as important as his kids because he may have other opportunities. I really respect the fact that he was going to say this is maybe not the most important thing in my life right now. Thatanie i like the point maybe if more of his political leaders were moving their maybees to washington they could learn to be cordial and work together. David sounds nice. Stephanie i am really nice to people at cocktail parties. Coming up in this hour, we have and its was of interview with the dell ceo. Emily chang will be sitting down with him coming up in 45 minutes. Vonnie it is a record year firm mergers and acquisitions and i got a lot bigger this morning. Western digital has agreed to a 19 billion acquisition. Separately, lab research is buying kla. Both of those Companies Based