Away from new highs. Joe, i begin with you. The question is how are we going to get to those new highs . Value is outperforming today is this the start of the longawaited rotation . Well, your initiating a great conversation, scott, because as you have identified the s p 500 is basically sitting less than 1 above its all time high whats critical, though, in getting there if you are not going to have a significant outperformance from what has worked, which is clearly hyper growth, is youre going to have to have the participation from the value names. Lets put in context where value really is. Scott, the russell 2,000 is still sitting 9 below its all time high it achieved in august of 2018. When im thinking about value i also have to think about value and get contribution from small cap value, not just Large Cap Value because there has been such a differentiation in the Small Cap Index this year. Small cap growth is up 22 year to date. Small cap value is down 12 . So, yes, i believe it h
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
It is the best five days since 2006. That is how much the tech want in on apple. David it looks like we are buying bonds . Abigail there is a bit of a haven bid. You have stocks higher and bonds higher, not everybodys believing it. What will it tells about the economy and will we get a stimulus deal done . David the saga in washington continues over the possible next round of fiscal stimulus with republicans and democrats saying they may be moving closer on some issues but not so close on others. We welcome senator rick scott, republican of florida for the latest. Thank you for being with us. Give us your sense of where the negotiation is an most important, what is the biggest chasm between the two sides . Sen. Scott here is what is frustrating. Make toneed to take care of our Small Businesses and reopen the economy, and what schumer and below sea are talking about his election reform schumer and nancy pelosi are talking about is election reform, these are issues we should be talking a
Pete, ill begin with you. We got to 464. Were right on the doorstep and pete, it seems no maertter you throw at apple, the stock continues to go higher i think it comes down to fundamental story. We talk about the fundamental story all the time but the reality is, they crushed it again in q2. When you look at the revenues and the earnings and the beats they made there, the double digit beats they made, its extraordinary. The other side is how about when they came out with the less expensive 399, the se model. That was another genius move then, its not just the services you look over at the wearables you combine those two and you not too far away just those two entities. You put thoeds together. They are close to 20 billion and the iphone brought in 26 billion. When you look at this from a fundamental perspective, youre looking at a company thats clicking on all cylinders and you still have 5g and the split. Theres different elements to this trade that tells me the stock can get up and
The dow as the president says the u. S. Government should take a cut of its deal. Apple inches toward a 2 trillion market cap. The price were looking for to hit that level is 4. 6777 about 27 above where we are now. Apple is up 1 today gold topping 2,000 an ounce for the first time ever. The precious metal is up as the market attempts to price in a postpandemic recovery, there are new signs the road back could be longer and bumpier than experts think steve is digging into the data good afternoon. Even if the forecast of economists for the strong second half ebound pans out, the u. S. Economy is still going to be in the e kwif lenquivalent of a reb year end the Unemployment Rate forecast decline from 11. 1 now to 9. 8 by december. Look at those numbers and the 9. 8 Unemployment Rate would make it the third highest among recessions we have done a good job of taking it down from 15 . It would be e clipted by the surgeon jobless followed by the 81 and 08 recessions. Charlie evans talking t