) held above its 5,300 benchmark. Hennessy Funds CIO and Portfolio Manager Ryan Kelley and RBC Capital Markets US Economist Michael Reid break down what the Dow Jones record couldwill remain on the company’s board following a shareholder vote
But ge down to Raytheon down RT X down two and a couple others CM I down 4.4 also want to cover meme stocks because that has been, that has captured the imagination of traders and investors.We gave some back today in the last two days.And today closing above 40,000 for the first time ever here with more on the path ahead for investors is Ryan Kelly Hennessy funds Cio and portfolio manager along with RB capital markets, us economist Michael Reed.
Um But in this particular time, I think that um first of all these, this market move we've seen really since last October is more broad based.It's not just large cap tech or working from home stocks that we had three years ago. And those folks that do rely more on credit for their spending um are feeling that pinch of higher rates.
So even those folks who are feeling that pinch from inflation can be pretty confident that they're going to have a job over the course of the next year.You know, since you have talked a little bit about the retirees, I want to bring a sort of a provocative idea that Rick Rieder of Blackrock um talked about in an interview with Bloomberg recently where he said the answer is actually to bring interest rates down in order to bring inflation down.
So things like dining out um you know, uh hotels, travels, uh and, and medical care uh is, is another big one for that particular uh segment. So the interesting part about this portfolio is that you'll find names that probably aren't talked about a lot and probably aren't in a whole lot of other portfolios.Gap, Abercrombie and Fitch and guess uh we, we purchased all those last October, um Abercrombie for instance, is up 100 and 50% since that time.Uh They were trading at fine valuations when we look at them.
But also thinking about what happened with the last CP I report while April was a step in the right direction.Um So we really need to see that trend continue and, and see prints that are closer to 2/10 or even 1/10 on a month, over month basis.Today, we're going to speak to a strategist about the latest moves in the commodity based on the other side.Welcome back to market domination over time.
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