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As we wait to hear from Jay Carney at the bottom of the hour we continue to follow the markets and it's actually a nice -- and the market's number continuing what would like to call this Tuesday.
Winning -- take a look at that did you know that since January 18.
The Dow has seen seventeen straight weeks of winds.
On Tuesday is the best set of weddings takes for a single day since 1968.
Might -- grade investments your portfolio manager is with me and you may possess you're superstitious circuit like to play the game -- what day of the week it is but.
There's something he -- -- is a bit and nice market day today the -- the -- Mike.
Yeah I guess I guess there is something here I don't really put a lot of merit into this weekly 1718 weeks in a -- I mean it's just statistics I myself believe it's just coincidental I mean you haven't won in five chance of one day being the best day every week right.
Well we got it did say -- salvia.
Yeah yeah this -- this market has been going up for almost four years now.
So the fact is we've had a lot of winning streaks the past four years and that's a good thing and -- Tuesday happens to be the best day so far this year so -- it.
I know that the consumer has certainly Ben big push higher for the markets whether it's because they feel about about the -- their -- -- about -- about the fact that they they might be getting -- raise this year.
But we're gonna be getting some consumer confidence data is a -- -- in some polling that may -- -- a little concerned about the consumer.
And at that date is -- other start to get a little bit stressed out -- is set.
I don't really you know I would debate you on that a little bit because the consumer has stayed remarkably strong.
That's been borne out in the consumer confidence survey that comes out every month.
And just today we had new data coming out that shows the consumer's debt level the household at a level has decreased even more so we have a company consumer.
Who has more discretionary income to spend.
That's really good for the markets.
-- I will concede to you on that point certainly but I have to say I'm curious what the -- of -- because gonna show us all to call -- back.
Let me ask you about this the fat and the commitment if QB one of the things that we are focusing on -- plastic on Fox Business was that a process several -- interest rates are incredibly low.
But there is now the more discussion in this was kind of a market story yesterday.
That the Fed could be actually started to kind of look at pulling away from -- 85 billion dollar bond buying a -- I mean oh lord they take it down to sixty billion you know what happens -- Well you know what I think the -- has been pretty steadfast in their communication that until.
Unemployment is below six and a half percent or inflation -- above two and a half percent.
That they're gonna continue with stimulus I don't see either levels being -- -- were close to being reached.
I would expect the Fed to continue with stimulus until the end of thirteen.
And next -- you know what we'll see how it looks and next year but for now I think the course is set and -- will remain the same.
And I know that you're thinking that this is get a big -- many analysts have come on the show with -- that this summer.
Actually is gonna be a good year in -- the Wall Street Journal talking about the yesterday really quick you do have a couple of picks and technology you wanna get to those before -- -- cognizant is one.
CT SH is the ticker this is a stock that actually.
Of surprise is down 14%.
You're to -- but your pick and then I'm curious why.
I really like Cognizant Technology here they're they're fundamentals have been great they just reported a good quarter.
The company grows at mid to high single digits on both the top and the bottom line.
They provide invaluable services to corporations -- on the globe.
The stock is down because there's immigration reform and there's a bill going on right now -- and it's very early stages it may limit technology visas for their workers.
I think the whole thing is overblown.
I think his bill at the end of the day it will not be as restrictive as people think and I think the companies a great -- right here.
All right -- least we shall see what that one of course and other tech consumer staples utilities kind of up.
A little wary of those we'll talk about it next time Mike -- Mike thank you very much happy Tuesday.
You -- -- -- -- today with our I don't.
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