Brennan and jon fortt at post 9 of the New York Stock Exchange stocks rallying today with that trade deal reaching phase one in the books. Banks, earnings season capped off nicely by Morgan Stanley dow closes above 29,000 yesterday for the first time and we see s p 500 up over 3,000 for the first time guys, good morning. Chris, the question ive got this morning is where do you find opportunity in a market thats been roaring like this . You look at the growth fund, also small caps are small caps a place where investors should be paying more attention . They arguably havent run quite as much. I spent the last two days meeting with about 30 companies, small to midcap. And the excitement in the hallways at the conference were quite good the opportunities are very specific, though i think you have to look at the end markets. You know, data center recover will be better this year 5g weve talked about, infrastructure and devices but we also see Software Security, clearly after the iran situat
Run continues. 111 s p new highs today as we watchaction in technology. Despite some downgrades and plenty of commentary from henl fu hedge fund managers. Alphabet becoming the fourth firm to reach a trillion dollars. The five Top Tech Companies account for 70 of the s p and worth 5 trillion combined happy friday, gent, go tshggente you. Good to see you barry, you had moves in markets, bull markets of the 90s compared to bull markets of the 20s you said we have not hit the blow off top but were on our way. If you look at the exponential trends, a curve increasing at an increasing rate that characterized the 1920s bull market. It characterized the 1990s this one has been more linear and it doesnt have the upward sloping curve since the 2009 low. So i find it hard to believe that weve seen the top because we have not entered that parabolic move how would you know when were close . Well, youll see the parabolic move that will be the first thing euphoria, a lot less doubt in the market i h
Welcome to squawk alley for a tuesday morning. With john forte and Kayla Tausche this morning, dow, s p and nasdaq all trading in record territory, dow inching closer to 20,000. Starting to ask questions about whether it will bring about some selling. Looking for about a twoweek pull back in the wake of a fed meeting. Well see. The rest of the week will be interesting. For sure. Best s p factor today, dragging behind the rest of the postelection rally. Interesting to see it join the bunch today. Nasdaq hitting a new record early this morning. Nfib Small Business confidence soaring after the election, which a lot of investors are parsing through today. Bill gates seems to think that stocks are a little expensive. He knows a thing or two about finance. Going to get more from him in this show. He spoke to our becky quick earlier this morning. Nike, of course, the dows biggest laggard of the year is today the Top Performing dow component. Well see how long that dynamic lasts. Meanwhile, ne