That bell marks the end of regulation, the President of the Republic of South Africa

Ringing the closing bell at the New York Stock Exchange, Sigma Lithium Corporation doing the honors at the Nasdac.

Stocks higher as we begin the last full week of September with the Dow

closing at a record high that's the scorecode on Wall Street but

winter's stay late welcome to closing bell overtime I'm John Ford with

Morgan Brennan well coming up this hour a rare downgrade for

Microsoft we will talk to the analyst who just

slashed his rating on the stock and says there's one reason a premium valuation

is no longer justified. Plus is an iPhone super cycle looking less likely.

Well, we'll discuss the early indicators on demand for the latest models, what it all means

for Apple shareholders.

And PIMCO's emerging markets expert on the risks of investing in China and the one part of the

world that he is watching instead. Let's get now to our market panel, the Spoke Investment

Group co-founder Paul Hickey and Paulson Perspective's author Jim Paulson guys welcome happy Monday

Jim you say we got an everything rally going here why and what should investors

do next well I think you know this market's been the only one John that's lived

under Fed tightening its entire existence only one least since post-war history and I

think what that's done is it's it's given us a bull but with far less support than it normally

has.

Normally when a bull starts, the Fed is dropping rates before the bull begins, and it was short

rates going down, long rates come down, the money supply is going up, generally

fiscal juices expanding, normally because the Fed is worried about a recession or we're in a recession.

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