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Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t ....
Technology specifically. We have investors and traders coming back and attack after that rotation out of it, a couple of times notably in the past week, most recently yesterday. The dow, not much changed, hitting a bit lower. Thats a different picture than we saw yesterday. Heres another way to look at it. You can look at it as value versus growth in this market. Heres a way to compare. The s p 500 pure value index and the pure growth index. In the gap between the two in terms of their percentage performance. And what we saw yesterday was the gap between the two, value beating growth by the most since the election. Its come down a little bit today, but still beating it by a fairly wide margin. Since again reflective of this rotation that weve been seeing again out of technology and into financials has been the trade. In terms of other groups on the move today, we are watching telecom and a number of executives are presenting at ubs conference today. Sprint, one of the sprint comments c ....
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