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Taken individually they can mislead us but taken together they are like high beams who can keep you from straying into the wrong and dangerous lane [ screaming this was a good day for the bulls. Dow gained 3919 points nasdaq advanced 5. 2 more importantly, though, every single stock, on my go list like the go pattern in football, a go list was up today. Meaning that something very big could be afoot that is highly unusual whats on my goal list im talking about the companies that are doing okay right now. But if the pandemic were to end or be behind us, theyd be putting up breathtaking yearoveryear comparisons and we care about yoy, year over year by the Time Next Year well have found a way back to normal or at least an almost normal situation. And its probably going to happen much sooner than that im going to rip down that list to show you what a go pattern looks like but before that buyers have decided that science will beat covi ....
The s p 500 by the way is having its best year since 2013 we do have a if you more trading days left in the year and you can still notch the best year since 97. Well see where things shake out but people are already apparently going for the egg nog. Trading was little light, as they say down here today certain lay different tone from last years Christmas Eve joining us to talk about the markets. The senior Portfolio Manager paul hickey, cofounder of the Investment Group and the Portfolio Manager. Great to see you all ill start with you. What do you make of todays Market Reaction . Yeah. Just light volume. I do think this year were in a complete market meltup. Kind of an interesting time where things can ....
We are live in beijing with the fallout. And how meta is planning to keep folks using the platform longer here is a hint artificial intelligence. It is tuesday, august 1st, 2023. You are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets kickoff with the new month of trading with the check on u. S. Stock futures taking a look right now. Lower across the board all three indices at the lows of the premarket it is early. The dow looks to open 88 points lower. This after stocks locked in a month of solid gains with the s p and nasdaq capping off five straight winning months. Longest such win streak since 2021 when it comes to yeartodate, the yousuperlatives get better. The strongest gain in the first rece seven months of the year for the s p. For the nasdaq, look further back up 37 y year to date the best since 1975 ....
Now street high. John correctly predicted the rally last year. Joining us at post nine. Great to have you with us. Great to be here, melissa. What was that moment when you said, i have to go to street high of 4900 it occurred a few weeks ago we held back, waited for Economic Data to cross the transom, whether it was last months jobs or the prior months jobs whether it was the continuing claims or whether it was initial claims, what have you. And then the gdp number, i think, really added to confirmation we saw last week that there is strength in this economy, that the fed has been remarkably sensitive even though on a nominal basis the hiking has been aggressive when you consider the inflation, dangers to free money of the system where bond issuers dont pay for the privilege of borrowing money. This is a normalization process. A big shock generationally to many people who were not in the markets in 2008 and may have been this high ....