Market highs, American Giant CEO, smartphones: Market Domination Overtime

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Seana Smith News

S&P 500,Nasdaq Composite,Bayard Winthrop

The Fourth of July holiday is nearly here as Seana Smith and Josh Lipton break down Wednesday's market close (^DJI, ^IXIC, ^GSPC) in the shortened trading...

) in the shortened trading session. The S&P 500 and Nasdaq Composite accelerate into new record highs, just after the S&P 500 broke through 5,500 in yesterday's session.Let's see where the major averages ended up here for the day.

When you think about the biggest contributor here, at least to the S and PS gains, you look at NVIDIA closing just around 4.5% when you take a look at that three day charts and that momentum that we have seen for NVIDIA. But all in all, I just bring it to the fact that July the 1st 10 trading days of July the most bullish of the year when you take into consideration the beginning of a month or an end of a month.Not a lot of surprise to see the bulls in charge here.

Obviously, we, we, we're getting a contentious election coming up, who knows who the the candidates are officially gonna be on the, on the Democratic side after the news today.But if you look historically, statistically speaking, second half on a, on a election year, presidential election year and on a year, that's been this strong, you typically get decent performance in the back half.

Certainly, investors are going to be paying attention to Q two and, and how those earnings go Q four of last year, Q one of this year has been strong so far. Powell was commenting on it uh earlier this week out of Portugal saying that he has been encouraged by that progress.I guess, how are you evaluating that as you lay out some of those opportunities that you're finding within the market.

I'm curious what kind of insight you can give us just in terms of the ability, I guess the ease at which you have been able to 100% manufacture your items within the US and, and some of the biggest challenges maybe that you have had faced running up here and to ultimately uh reaching the significant partnership here with Walmart.You know, the the US textile base has been under a lot of pressure over the last 35 years, is so much of offshoring has hit that industry particularly hard.

I'm just curious um first is what, why, you know, it was so important Bayer to you to, to make the product here in America.

So we begin to give good opportunities to those towns, those cities that want to have good, viable and dignified work.Um But, but maybe to the root of your question, it make it costs more to make things in the United States.And it really was out of reach for a lot of working Americans that need to have access to good quality products, ideally good quality American made products at places that make sense for them.

 

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