 Welcome to the FOMO market. That's right. The market exploded on rather a nondescript data being quite frankly Devoid of the kind of news that you would typically consider to be a catalyst This by the way is what I've been talking about right sort of an organic quiet stealthy move based on a shift in Bias to the upside which creates a sort of mounting fear of missing out Financials finally beginning to live up to their hype rallying with rising treasury yields big money center banks a big money Central banks though, I gotta tell you not really acting out great It's the regional banks that led to charge the best performing sector though, and I keep bringing it to your attention I even mentioned it again last night the materials. That's right dirty fingernails folks now I think value investors should be looking there. I think there's gonna be some merger activity there And I also think by the way going back to banks the community banks also will see some They already have seen some merger activity that could also happen to regionals now consumer discretion Another area where I've been pounding the table continues the rock The investors I think right now bottom fishing in that space Mattel Harley-Davidson were higher after the close five below If you shop there and you don't own the stock you're gonna be pretty upset up about 14 percent right now The stock would be up a hundred forty percent from the low back in January of last year Meanwhile the trade deficit decline on record us exports two hundred and eleven billion dollars and believe it or not Goldman Sachs They're seeing three point eight percent growth this quarter joining us now. Melissa RR most stocks whoosh shock Alani back again Melissa you've been my skeptic You've been worried about a few things we surged into the clothes were above a number I thought was pivotal you still think twenty six thousand or something is the number to get through I'm being conservative And here's why we got a lot going on in the next week We have the G7 on Friday and Saturday and then Monday or no It's Tuesday of next week is the North Korea meeting So as long as we hold as long as the control stays on the side of the bulls We're gonna fly through that area We're gonna even fly through the area that I said and we could we could even see new highs But that would be that would mean that we would have such a rally in the next six to twelve months that would be Example then if we break out through twenty six thousand we break out through the old high from January Where could we go thirty thousand in the Dow thirty thousand in the SMP and I'm telling you Trump gets all the credit Sure, I think we got a long ways to go higher because the market tried to you know We've got a little scared obviously in February got a lot scared a little later when it tried to make new lows again and again Couldn't break those lows and the market got higher higher. It's been holding up here I agree with you. We we've talked about numbers above twenty five thousand the Dow I think with the mark consolidate theory could go a good bit higher I agree with Melissa on that SMP above twenty seven fifty where it is now it's twenty seven seventy two clothes today Stays above twenty seven fifty. It's got a long way to go higher. It's going to consolidate here and go higher It's it's tested the lows the market couldn't do anything with it So now the next clearest path easiest path forward is higher And I think people should know there's more to this market than than the high-flying tech names I know that the media particularly financial media talks about it There are right now at least a half a dozen retail brick-and-mortar names up more than a hundred percent from recent lows This five below is going to be a probably a hundred fifty percent in a year and a half This is my modeling stuff I remember when no one was buying these stocks and of course materials they're not An exciting space So is this an important component to get this market up spreading the buying beyond just technology? Sure, definitely target targets a great buy that stock looks amazing. Walmart is lagging Maybe Walmart will turn around next quarterly earnings. Remember, we've got this lag before earnings season starts in July But you're right retail retail's looking better than it has in a long time to be honest with you Are you concerned about g7? I think it's not gonna be important because trump is going to be there this time Otherwise, it's just a whole bunch of billionaires a diplomats that get together go to fancy restaurants And they agree to get together again later I don't think it's going to have any impact on the market What's going to have an impact on the market is coming forward to going forward is going to be in flows Into mutual funds and ETFs the first quarter saw All outflows if that reverses in the second quarter, we're going to see this market go a lot higher I use the the american association for individual investors and Neutral has been the highest rated point more than bullishness embarrassing It's sort of an apathy or an indifference if that changes. I think that helps there. Thank you both very much Well, president obama may may have been so eager to secure deal with iran that he was willing To give terran at terran access to our us financial system This is after that infamous nuclear deal wait till you hear the details on this We're talking about six billion dollars that we almost washed. We'll be right back