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Hi, everybody hello, melissa its great to be with you, sort of, here back in the kitchen the s p at its highest level in about a months time. You have amazon, you have apple, youve got alphabet. Aaa right there. Facebook and netflix as earning season kicks off this week the big banks starting tomorrow. Lets get to bob for more. A little bit of a milestone just about 40 minutes or so ago. We turned positive for the year on the s p 500 i know its hard to believe we started the year on the s p about 3231 were a bit below that we did hit it about 40 minutes ago. We positive for the year the low for the year, 2191 that was on march 23rd the high, february 19th, 3393. Were still below that but not by an awful lot. Quite a remarkable run if we with close over 3232, that will break out to its highest level since february the bottom line is markets on an upswing here tyler told you about the new highs if faangs. Some of the stay at home names. Walmart x costco clorox also intraday high. Were ta ....
On the roundtable tonight, ben levisohn, carlton english and jack howe. Ben, im going to start with you. According to the textbook, the value of stocks is based on future cash flows. And with Interest Rates so low, of course, those future cash flows are a little more valuable. Add that to the fact that this Coronavirus Crisis presumably will pass over a couple quarters, and that hes eye academically at least the stock market should be rallying. To you buy that . Do you buy that . I think the market in some ways have lost its mind, but theres so much money out there right now. The feds dumped money and the governments put money, and now were seeing this good news in terms of reopening. And, you know, its as if we can just look past, the market is looking past all the bad stuff right now to a time when everything is back to normal. And if we can get back to normal, if earni ....
On the roundtable tonight, ben levisohn, carlton english and jack howe. Ben, im going to start with you. According to the textbook, the value of stocks is based on future cash flows. And with Interest Rates so low, of course, those future cash flows are a little more valuable. Add that to the fact that this Coronavirus Crisis presumably will pass over a couple quarters, and that hes eye academically at least the stock market should be rallying. To you buy that . Do you buy that . I think the market in some ways have lost its mind, but theres so much money out there right now. The feds dumped money and the governments put money, and now were seeing this good news in terms of reopening. And, you know, its as if we can just look past, the market is looking past all the bad stuff right now to a time when everything is back to normal. And if we can get back to normal, if earni ....
Mcfarland. President trump saying even more documents will come out of house intelligence showing highlevel Obama Administration involvement in the origins of the russia probe and obama officials admitting no proof of collusion in testimony to house intelligence. Also weve got the timeline that shows when the trumprussia evidence fell apart. And the fbi decided to target Michael Flynn anyway in order to get at President Trump and that, yes, president obamas fingerprints are all over this. We are digging into the footnotes and the documents. Also, growing unrest in coronavirus lockdown and that fight over the dallas hair salon owner, there is a backlash there. Also newlyrevealed Court Documents surfacing that support tara reade in her claims against joe biden ....
Levisohn, carlton english and jack howe. Ben, im going to start with you. According to the textbook, the value of stocks is based on future cash flows. And with Interest Rates so low, of course, those future cash flows are a little more valuable. Add that to the fact that this Coronavirus Crisis presumably will pass over a couple quarters, and that hes eye academically at least the stock market should be rallying. To you buy that . Do you buy that . I think the market in some ways have lost its mind, but theres so much money out there right now. The feds dumped money and the governments put money, and now were seeing this good news in terms of reopening. And, you know, its as if we can just look past, the market is looking past all the bad stuff right now to a time when everything is back to normal. And if we can get back to normal, if earnings can get back to the traject ....