Is this is week that tech took the market back. Tech is up 2. 8 . New all time high is the russell 1000 growth. Tech is back and tech is working. Every time we get the story well roll out of tech into value, it works for three or four days and we go right back to whats really happening in the economy is tech platform driving dijtization. Not only domestically but globally these companies are empowering it that Investment Team will be strong right through 2021. The russell will be interesting. If you can find companies because the russell itself actually has no return on assets most of the companies dont make any money. If you can find a mid cap company and its revenue domestic it doesnt matter who wins the election were going the war with china its going to have an impact on certain s p companies. You can find refuge in the russell 2000 i think you have to do your stock picking there. Im looking for companies with companies that make money by distributions and having nothing to do with
Economy annual portfolio . Putting sensors and software on their machinery, right . We have a National Mandate and so the Management Team has to wear a mask, not as a burden adapted to the new 21st century but as a patriotic duty to protect one another. Ecommerce and industrialization Charles Joe Biden in his and so you know what i like is acceptance speech to once again call for a National Mask mandate other Tech Companies that arent making really big moves but im going to get reaction from still have a lot of catalysts in republican congressman andy front of them so you can look at biggs, all that and so much more , on making money. Actually up on the day a content Delivery Network because we know with nvidias earnings yesterday, we saw that data centers are crucial to our life. They sold more Data Center Chips so the market is showing signs in that segment than they did in of rally fatigue this week as the gaming and they are a gaming fewer names participate on chip company so that
Weekend. Our roadmap begins with the record setting week. What are the risks to the rally . Plus tesla on a tear, set to open at record high after topping 2,000 for the first time. And democrats demanding answers, the embattled postmaster general testifying this hour amid a political furor surrounding policy changes ahead of the november election guys, its going to be an interesting morning to sort of take stock of where weve been over the past couple of days the s p all time high, apple 2 trillion, scott, tesla 2 k even though b of a this morning says that weekly outflows look like they may be the biggest in about 15 weeks despite some of these new highs. Maybe this is the week, carl, where technology said, do you know what, wait a minute, not to fast, growth, not to fast, value. Ever been has been coming out of the woodwork trying to make these calls that there is going to be this great rotation, carl, from growth into value stocks and these cyclical and epicenter names as tom lee ha
Listen, i know this market is going crazy after another fabulous day, the dow gaining 378 points i know it gets a little much as it is a 1 record high and Nasdaq Record high there are extreme valuations everywhere i see the mceldercloud stocks ad another incredible rally as few stocks are participating nasdaq is up 26 but a huge chunk of that is facebook, amazon, microsoft and alma bphat that gets the g in the acronym niece stocks are not that expensive if everything goes right for them everything that could go right has gone right the notion that apple supports a 2 trillion valuation is decemb disturbing for many people and there is skepticism that tesla up 390 for the year could be worth more than 375 billion. These are what people talk about. And theyre staggering moves when so many commentators said its absurd that tesla had a big market cap than ford and toyota, even though it makes fewer cars, its bigger than all of them combined everybody that fought them, they have thrown in th
Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan