Complacent well debate that and your next money moves. Liz young is with us, and a tipper mcgee, Institutional Investment services group, and she is a new cnbc contributor. We will have the hazing ceremony, tiffany, in just a bit. Meanwhile, a check on the marks. Nasdaq against hitting new intraday highs, but the nasdaq doing a bit of a uturn, now down 28 points or about 0. 25 of this hour as some growth names like tesla and apple drop. Well talk about them in a little more detail steve weiss, id like to begin with you i read a very persuasive note that talked about reasons to stay invested. If you bet against this market, you are bankly shorting two things you are shorting the fed and you are shorting science, i. E. The hope that a vaccine will come along. You want to short those two . I dont think so steve . So, my observation that i sent to you this morning were that the markets momentum market, and if you disregard fundamentals, which the market is doing in large part, or at least
The fda approving a 5 15minute rapid test the ceo will join us thats a biggie as power lunch starts right now thanks as august comes to a close, its been a stunning summer rally the dow up 13 the s p up 15 and the nasdaq up 25 . Bob has more for us. Bob. August is usually a nothing month. Not this much. Usually august is typically flat to down. Were up 6. 8 so far best august since 1980s. April, may, june and july have been pretty good monthly gains five months in a row. Why is it happening . Everybody wants to think its apple because apple is up 18 . The s p would be up 4 rather than 6 . Its a lot more going on than apple. The pricing are pricing at some economic rebound could see the returns. The dow transports are up. Thats a cyclical group. The russell 2000 is up high yield is the best performing bond asset. This wouldnt be happening if they were projeking iproprotecn economic downturn. The better argument is theres a bull argument thats winning the argument so far. This is the arg
Compiling this topic, the thought for this year she called me into her office, and pitch me this idea as she mentioned and she ended up, when i told her and agreed that i did know somebody who might be interested in doing this topic she said well maybe when i think about renegades or scoundrels theres only one person that comes to mind. I said im so touch those are the type of characters every girl wants to be associated with. Before you can really start looking at the outlaws that the civil in our gangs that the civil war spun off you have to take a flip back and kind of understand the guerrilla warfare that was going on during the civil war to try to understand how that same mindset continued on after the war and manifested itself in the wild west. In regular warfare in the civil war you have those who are somewhat walk organized with the military, and calgary raiders near kentucky, they were the most closely associated and then you had partisan rangers, who were free and independent
Now, i will start off with a word of warning. When i compiled all the information i wanted to share with you all this evening the first time i went through it and timed it i spoke for an hour and a half. So i hope yall are comfortable. We might be here for a while. Last year when josie was compiling this topics for this year she called me into her Office One Day and pitched me this idea as she mentioned and she ended up when i told her i probably did know somebody interested in this topic and she said when i think about it theres only one person that comes immediately to mind, and i said im so touched. Those are exactly the type of characters every girl longs to be associated with so before you can really start looking at the outlaw gangs civil war spun off you kind of have to take a flip back and see kind of understand the guerilla warfare that was going on during the during the civil war to kind of understand how that same mindset continued on after the war and kind of manifested its