Up for an eighth straight day. The mega cap tech names making the new milestones josh, the big five as we say amazon, apple, facebook, alphabet, microsoft all but alphabet hitting the new highs today crossing 6 trillion as you flag end market cap for the first time ever. They, amazingly, are now equal to the next 24 largest s p 500 stocks combined. You flag that. Yeah. What do you make of it . Yeah, so my research. We put this up last night. Just incredible when you think about the companies that make up that next 24 were not talking about small potatoes were talking about jpmorgan which is a 300 million cap and pepsi, coke, mcdonalds. Its really wild and these stocks now are just going parabolic. I think i want to maketwo points very quickly. The first is that this is not unprecedented. In the mid 1960s just two stocks General Motors and at t made up 14. 5 of the total market cap of the s p 500. And the top ten names in the mid 60s made up about 50 of the market cap so, we have seen t
1 2 3 boeing is having a big day today. The reopening trade is in full effect Piper Sandler is up today. They say the pain trade is up. They reiterate their 3,600point yearend target for the s p, which sounded crazy when they first put that out, but now i wonder if we have to start looking at that as a coming formali formality, as crazy as that sounds look, ive been adding capital to the market and if you asked me a month ago what i would be doing, i would tell you, i would be down 50 in my exposure not for performance, but for taking money off the table this has sort of hit the frenzied period. The reason why its doing that is because its a valuation holiday, its a fundamental holiday. And when you see things that are happening in the real world, the social injustice, the division in the u. S. , the division in terms of International Relations with merckel not wanting to come to g7, with the relationships of china, you would say, you know what, the markets getting through that so i fe
Dramatic step over the border the 1st u. S. President to do so there was hope fresh talks might make progress after president Trumps National security adviser john bolton was fired he was seen by the north as an obstacle to a deal he admitted he was deeply skeptical they would ever give up their Nuclear Weapons and the day after the new talks were nice pyongyang confirmed it had test fired a Ballistic Missile designed for submarine launch a step forward in technology and a clear message to the americans. Even a few hours before the talks broke down u. S. Secretary of state mike pompeo was confident of a breakthrough there were 4 pillars that the 2 leaders agreed to and we were very hopeful that we will make some progress were mindful this will be the 1st time weve had a chance to have a discussion in quite some time in a statement the state Department Said the United States and the d. P. R. K. To north korea will not overcome a legacy of 70 years of war and who still at. On the Korean
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Along the coastline a once busy town lays lifeless. What lahaina is nothing but ashes. Officials are combing through what is tloeft find the dead. What is left to find the dead. There is a lot of loss here and we are going to see higher numbers as our professionals and maui fire and police to theirjob. For those who survived, hope can be found in prayer. People have gathered in makeshift churches to provide support. Before we come to church, we are like. Why did this happen . But today, you know, because of his words, the pastor, it brings me more. I feel more comfortable and more at peace. But questions are being asked why residents were not warned about the fires. Were Early Warning systems used or did they malfunction . Everyone said the same. Thing, we had no warning, no evacuation notice. So a lot of people i were not prepared. By the time they find i out it was time to go, it was almost too late. There is a review under way to work out what happened. It will take years for the is