Forces at play. Lets get to kaylee. We are marginally positive on the s p 500. Up. 5 . I want to talk about the best performing stocks. Upex was the best performer, 13 after blowing away expectations in the First Quarter. All of those people shopping, ordering things to their home, boosting revenue by 20 . That stock heading to its best day since 1993. Pfizer getting a nice list after positive results nice lift. Beer and wine sales plus better profitability. I want to talk about technicals for a moment. After the best quarter since 1998 for the s p 500, we start the Third Quarter in a strong position from that standpoint. The index starting july back above that support line. I want to talk about longterm ipo performance for this year. As you mentioned, dun and bradstreet returning to the Public Markets today rallying 17 after raising 1. 72 billion. The other large offerings, warner music and zoom into technology which is up more than 100 . E a nice day for dun and bradstreet. The jobs
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
Whether its medical, some of these states posting some of their highest caseloads since the pandemic began, but then again optimism about the recovery at the same time. Right look, i think that we are all kind of thrown its governor to governor, yesterday in new jersey suddenly we get the you can have 100 people outside, 50 people inside. Versus six we are all kind of confused. With he see some parts of the country looking worse, other parts of the country that were so terrible its wide open and the confusion to me is what are the numbers going to be look like what are they going to look like given the fact that new york now feels like post wuhan and the rest of the country seems like, i dont know, maybe is it going to be italy, is it going to be spain i dont think it is. I think its going to be better, but i have to tell you, carl, that the stuff thats being bought is not in synch with whats happening, particularly the airlines, the hertz rental car, we saw a very good piece in the jo
Now on the crypto twitter sphere this is pink whoa jack and its money go birth yes i know youre thinking i look a little bit like pink lo jack for that no jack jack well jack i think were jack yes i do look a little bill if thats prince or go home to her money printer thank wont jack go burrow now was this. This is a printer roller this started the American Revolution because this technological advance allowed newspapers to get out quickly and allow the word to get out that we need to revolt and we need to change everything in the america to become independent you invented this like great great great grandfather hugh bax well thats right he invented this 1817 but after the revolution. And whats this fears of me you know that this is a laundry press looks like a Printing Press sorry laundering money with a Printing Press i think whoa jack whos a conducting me more fair. Whats all this mean. If yes all of these are in our headlines and actually thats why im also wearing my ovaries arc ca
Series the ozarks series got me thinking ok because what is that was our series is this respectable middle class family from chicago moved to the ozarks in missouri because the guy well the couple theyre laundering money from Mexican Drug Cartel so when they arrive in the ozarks what do they do they look for money losing businesses big money losers they must be huge money losers because they need to launder a lot of money for the Mexican Drug Cartels so that story line from the ozarks stood out to me when i saw this headline and read through this data from wall street dot com what uniform money sinkholes actually disrupt he goes through wayfarers zillow left we work carve on a tesla air b. N. B. Casper sleeves who may and all of them are losing huge amounts of money so much ill tell you just wayfarer which is this online distributor of furniture right you go there and you buy some furniture and its supposed to be cheaper well it apparently is so cheap theyre giving it away because the