Sarah . Yeah, shows the power of the fed there. When that headline hit, boom we have a great lineup coming your way Jeremy Siegel and rick reider join us. Plus, well speak with larry kudlow about the latest debate over the future of enhanced Unemployment Benefits and what happens when they run out . Well also take a closer look at one winner amid the volatility, the video game sector. Well speak with Strauss Zelnick. That stock has been an outperform they are year lets focus in on the big stories with one hour left of trading. Mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that weve seen in the market this afternoon theyre saying buy the dips were in a dip buying environment. They proved it this morning. Take a look improvement. We got that one weeks time. Things are looking stretched at the highs. One week ago today 3232 was the closing level then we got that shakeout. Thursday most pr
S p 1. 5 and the best quarter since 1998 and nasdaq gained 1. 87 and looked fast tas tic fc my own point of view were the stocks with a lot of ingenuity and a lot of great luck. Many were stocks that bounced back from the march meltdown thanks to the 2. 2 millitrillion stimulus package these compapanies got lucky. The government intervened and worth a lot more money but it didnt take any ingenuity for carnival to rebound from the lows they were saved by the fed no, i want to talk about companies that have shown they can survive and thrive during this pandemic so no signs of abating in the u. S if anything, its getting worse. The pandemic is gets work because millions of people refuse to take the virus seriously. They wouldnt wear the mask. They even subjected to some of the guys on capitol hill today they wouldnted a ve ed ed edal distancing guidelines so there are breakouts in the south and west first, sometimes you got to go with the obvious zoom video there were many other outfits t
Here joining us is chief Investment Officer of the Minnesota State board of investment. Good morning. Good morning, john. How are you . Im doing pretty well i hope you are, too. So, a lot of people trying to figure out what to do with this market your philosophy is to buy the market and not individual equities but this market has been kind of funky i wonder does big techs increasing waiting say in s p 500 concern you . How do you get as diversified as you want to be no. As i said, i mentioned before, we dont look at sector by sector weve been longterm investors and for the most part we buy the market you know, domestically we own the russell 3,000. We do have active managers, but the vast majority of our portfolio is passively managed our equity portfolio is passively managed, same on the International Side so we probably have most stocks that are available to us. Thats done pretty well for you. I wonder with this disconnect between the economy and the market that were seeing does that
Major amples we saw a surge in cases for example, in other parts of the country that had not been as hard hit jim, i can go through a list of things this morning that perhaps would give investors pause in a different environment, whether it be beijing, and the recent closure of schools there as they deal with a surge in cases it is only 137 but nonetheless. Flights also there we will get the update from beijing. Layoffs at the likes of at t or hilton quest giving us gooit guidance that still speaks to the weakness of that business. Yet here we are with potentially another rally in store a half hour from now. David, all of those things you just mentioned were things that maybe we expected to happen im looking at 25 pieces of research that i have sent to you in synopsis, the vast majority of them are raising price targets. Why . Because the targets were slashed before we knew that the Federal Reserve was going to back stop all of these companies so the Federal Reserve is saying if you ar
Stock is surging to an all time high well have more on teslas big move in a bit. Right now, power lunch begins. Yes, it does the nasdaq at a record high today. The s p is about 7 below its all time high. Lets get to dominic for more. The markets like that camera, were higher. They are coming down now but still in positive territory. At the highs of the day is dow is up roughly 469 points they are up 277 right now. Pretty much 1 gains across the board. The s p 500 hovering right around 3150 and the nasdaq, well put a star next to it here because its created a new record intraday high two places in technology that are really moving. Check out these Etfs First Trust dough jow joan inte. Every single one of these tech oriented etfs has hit a record high some of it is covid related but watch those moves. Both of these showing pretty strong gains opinion surging in todays trade. Good time for some companies tyler, to be in the ipo market back over to you thank you very much lets talk about t