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Transcripts For CNBC Mad 20240703

Are being led by an outrageously bullish combination of stocks, that should not be going higher at the same time. Nobody wants to say it, but i dont know if i can recall a moment where we had such disparate stocks climbing together to new highs. You asked me a few weeks ago, i would have told you this combination today is not conceivable. That is what has happened. Dow getting another 350 points today, s p, record close. Nasdaq, you guessed it, record close. This actually defies the whole nature of the conventional wisdom of what can happen when we are at this part in the cycle. For the old days, crashing in 2008. We would be celebrating daily today, so now in a certain respect, they just try to ignore what is happening, so they can o back, go back to talking about how the consumer is tapped out, or something we learned about from some incredibly weak retail Sales Numbers just this morning, or how inflation is still raging, and it is frightening the budget deficit, a Consumer Price ind

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