Could a bield card d could a wild card derail that run. That chart is a thing of beauty. And later, home depot, what is lighting up to the tune of 80 gain in just three days. Wow. A lot to do. Were going to begin with these r red hot markets and quest for Higher Ground. Investors keep investing but not much for s p 500 closing just shy of a new record, four points off, but believers keep believing. Goldman sachs raysing the target to new wall street target to new high 3600 so as the world keeps turning, will the markets ever get to Higher Ground brian, welcome back its great i dont see you, but its great to hear your voice, again doing gentlemans work im a little upset we didnt play the Stevie Wonder version we played the chill yi peppers. Version. Flea is a huge fan. So shout out to flea to answer your question, why not. 3600 for s p 500, 5. 5 from here market seems to go up 5 every day. Notwithstanding. So its reasonable with the fed at their back every piece of bad news is digested
The nasdaq up 1 and s p 2. 7 and dow declined 86 points were about to get a set of u e unbelievably set of big numbers but frankly, its horrifying if you think about why they are thriving this week we hear from walmart, from home depot, lowes, and target and if their stocks get hit for any reason, you have to buy them because these major operators are up against general merchandisers, hardware stores, Sporting Goods and lumberyards that cant compete because they were deemed essential and i fear they will never get lost customers back, not with prices big guys charge. The winner haves so many advantages over the little guy im amazed there is any competition whatsoever i feared that there wont be and thats driving me nuts i love when these big household names go higher, but i hate when the reasons they are going higher their Small Business competitors are being wiped out. A lot of these smaller outfits have been able to hold their own before covid, but now the big guys have crafted pheno
Then walmarts answer to amazon prime, we will give you a breakdown of what is included an whats not and finally, white house chief of staff mark meadows will join us live, we will talk stimulus, covid19 and the unrest across the nation thats happening toward the top of this hour and you will not want to miss that. Carl kayla, david, guys, everybody is taking stock of the journey we have had not just in august for stocks, but for the past five months, the dow best fivemonth gain since 2009, for the s p the best five months since 1938 and as we said at the top, david, we are heading into historically the worst month not just in general, but especially during election years, september and october have averaged negative returns and we will talk to mark meadows about politics which are increasingly going to be part of the picture here yeah, no doubt. I think you heard it with the last guest who appeared on squawk box at the very end of that show. We are entering what conceivably could be a
Swapping out pfizer for amgen. Raytheon youll hear later today. The largest oil and gas company with one software play dropping a respected drug company for a descent biotech . Kicking a defense contractor to the curb for an industrial if it makes you scratch your head, youre not alone these changes had enormous impact the dow dipping 60 points and the s p dipped and nasdaq gained 6. 7 in all honesty, these moves made a lot of sense they bring the dow closer to the reality of the new cone economyt the memory of the old. Before i delve into each trade, there is an aspect of the dow like the king to the s p 500 Prime Minister same t simultaneously more prestigious. Only included the dow because i had old investors regarded as the most important benchmark we live in the efts of trillions of dollars and whatever name gets swapped in, there is a gigantic wave of buying and selling. The dow has little money invested in etfs its a big deal if you work for them because this is an exclusive clu
Listen, i know this market is going crazy after another fabulous day, the dow gaining 378 points i know it gets a little much as it is a 1 record high and Nasdaq Record high there are extreme valuations everywhere i see the mceldercloud stocks ad another incredible rally as few stocks are participating nasdaq is up 26 but a huge chunk of that is facebook, amazon, microsoft and alma bphat that gets the g in the acronym niece stocks are not that expensive if everything goes right for them everything that could go right has gone right the notion that apple supports a 2 trillion valuation is decemb disturbing for many people and there is skepticism that tesla up 390 for the year could be worth more than 375 billion. These are what people talk about. And theyre staggering moves when so many commentators said its absurd that tesla had a big market cap than ford and toyota, even though it makes fewer cars, its bigger than all of them combined everybody that fought them, they have thrown in th