Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Pull Money. It's the Motley Pull Money Radio Show. I'm Chris Hill joining me this week.

Senior analyst Jason Moser and Emily Flippin. Good to see you both.

We've got the latest headlines from Wall Street. We've got a new documentary about money that you're going to want to hear about.

And as always, we've got a couple of stocks on our radar. But we begin with the big macro on Friday, both the S&P 500 and the Dow Jones industrial average hit new all-time highs.

Earlier in the week, no less an authority than JP Morgan Chase, chairman and CEO Jamie Diamond said he is bullish on the US economy over the next few years.

This was in Diamond's annual letter to shareholders. Jason, a lot of people get nervous when the market hits all-time highs.

Jamie Diamond is not one of them. Where do you want to start?

I mean, I guess there are a few different ways we could look at this. I mean, the letter that Mr. Diamond wrote very extensive. I mean, it was a long read for sure.

But I mean, I think there are a lot of good thoughts in there. And with the market at all-time highs, I generally actually agree with his bullishness.

And I think there are a few things that are really impacting this. So first and foremost, it's worth considering at least that the opportunities, the growth opportunities, the technology is opening up for us now versus what has been available to us historically.

I mean, we're in the middle of industry 4.0, right? I mean, all of this technology that's come about over the last couple of decades, we're now seeing the potential of all of that technology being unleashed, right?

Computers are connected. They're communicating with one another. They're running factories. We've got cyber-physical systems doing things that we never thought were possible. Internet of things.

I mean, just there's just so much potential there with technology. So while the future is always uncertain, there is some certainty in the fact that technology is making things possible. We never could have imagined.

And we still can't even fully grasp yet. So it's understandable that investors are excited about that and want to be a part of it.

Secondly, I think that like Jamie Dimon said, we have excess savings, new stimulus savings, huge deficit spending, more QE, new potential infrastructure bills, successful vaccine and euphoria around the end of the pandemic.

I mean, I think all of this put together, it's hard to imagine the US economy not booming from that, right? That is just an amalgamation, amalgamation of a lot of good things that should continue to benefit the economy. So I understand that perspective as well.

And then one more thing just to keep in mind too. It is interesting to note, according to Finra, investors had borrowed $814 billion against support folios by the end of February of this year. So that's essentially that's margin. That's that margin that that we talk about for investors.

That was up 49% from a year ago. It's at a record high. It's the fastest annual increase since 2007. Okay. Before that, the last time borrowings had grown so quickly that was during the dot com bubble of

1999. So like we say with margin, I mean, margin, I don't need margin to me. It's not inherently good or bad, but it does amplify things both on the way up and on the way down.

Clearly, margin is something that's in play for investors these days. It seems like it's making the good times a little bit better right now. And that could be a contributing factor as well.

But I think there are a lot of reasons for that bullishness that I would subscribe to. So for me, and I think that what we try to tell our listeners, our members, this is why we adopt that philosophy of always always being invested, right? Because because over the long haul.

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