 Well, don't look down folks, but the Atlanta Fed says that the current quarter the one we're in right now the gross domestic product Is four point eight percent a week ago was four percent So with one month ago, this could be the biggest quarter of economic growth this nation has seen in years I think it's gonna happen. But what does it mean for the market? I mean, we've had an amazing earnings season We've had strong guidance incredible manufacturing data and yet the major indices spinning their wheels They're locked in a trading range. Let's ask David Nelson. He's back with us along a Melissa Armo Stock swoosh Melissa you kind of you've been warning about this on your appearances here saying hey, you know what? Contain your your excitement because this market just hasn't been able to break out And is that a yellow flag for you? Is that some sort of negative sign that it hasn't it's a red flag because again Not that we're not strong I think we hold the uptrend but we could be lower and dip down before we get over that area You said a good word breakout. That's what I want to see and I will tell you this right now after today's rally After today's positive reports what we must do a hundred percent next week We have to do it We are too close not to do it now if we don't gap up Monday morning a run-up and run like crazy Then I don't see how we do it this summer. I think she's got a great point David You know, I mean I love the resolve and how we climb off the canvas But we need to break out at some point or you probably will see the market give up I think that's because we have this myopic focus on on the big cap indexes at this point But beneath the surface there's a lot of action going on and to her point. She's right You know, we we we don't seem to have the memory from day to day or we do We just forget everything that happened today and then there'll be of some kind of crisis So Monday morning forget the job support forget the consumer confidence numbers forget the fed beige book In Europe could announce something because the next election in Europe is likely to be a referendum on the euro And then we'll panic over that But how long can we have this dual sort of existence where fundamentals? Exists with wild speculations and anxiety a real world real world things Being mitigated by things that may or may not happen I think it you know to your point, you know Because everybody looks to price momentum to break out but underneath the surface you seem fundamental momentum and I you know Estimate revisions are very very powerful force very very strong and in the end we'll come back to the stock So I'm seeing real breakouts and materials and other industries that people forget and focus on I like what you're saying though because I I've had a couple of good weeks I get me like some of my stock things have done extraordinarily well and I've been focused on momentum of big tech names Breakouts like a electronic arts broke out up five bucks a day These new highs make new highs make new highs and then I liked the consumer Lulu lemon was up big I wasn't it wish I was it was on my list of breakouts two weeks ago These are trends where people are making big-time money, but it's in a handful of they are but here's the thing Tech is leading the way once again today Amazon made new highs Netflix made new highs Facebook with an apple were close to the highs But I'm telling you it's not 2016. It's not 2017 those stocks lifted and then everything went with them Industries are right there with them With new highs without the banks it's not gonna happen without the banks without the banks Down Today They're like they look like this. Here's the high. Here's where it traded today Do you think when I don't know that we need the banks that we did well last year without the banks don't have to be the Leadership they hit they certainly have to do well. You can't have a full market without without technology and financials All right So let's talk about now what are the catalysts because now we've gone through the most important data point of any month The jobs report and it feels like every time that happens We go back into a wall and we wait for the next job report. We'll start focusing on earnings You know at some point in the next month, we'll stop be looking We'll see what an analyst is starting to say we'll be looking at the estimate revisions So every data point is important, but this was the big one I kind of find in my I find that sometimes these major bottoms and sometimes these Breakouts can be very stealthy and not have a real catalyst per se and I'm kind of looking at that for me The doubt getting above 25,000. I think it's a huge buy signal. Is that where's your body? I want to see the 26,000 number But either way we get up over 25,000 that we may get right up to 26,000 I want to see a pretty easy become bullish when everything is at a new high when you break out to 26,000 I think there's I think people need to take their focus off the big index Start looking into the individual and we should point out the Russell 2000. It's been a monster, right? I mean, that's a good day to the Great for the US economy. All right. Thank you both very much Well as a new report out that says federal investigators are looking into whether Andrew McCabe intentionally lied about Hillary Clinton's email server probe if he did it could mean prison time for the former FBI deputy We'll discuss it next