All right, welcome to OK Computer. I'm Dan Nathan. I am joined this week by a very, very special

guest. It is my co-founder of Risk Versal Media. He is my co-host of On the Tape podcast that drops

every Friday morning in your favorite podcast story. His name is Guy Adami. Guy, how are you, bud?

I'm so, you know, when you said

you had a special guest, I got all excited. Then you said it's me. So it was a bit of a letdown.

I'm sure the fans feel the same way, but I'm bringing it here, Dan. No, you are. I mean,

listen, we have not covered public tech on OK computer in a few weeks here. We've had a lot of great guests, more focused on the

public markets. But what's going on, Guy, over the last call it, you know, week or so is really

interesting as it relates to the NASDAQ. The S&P and the NASDAQ have had big rallies off of the lows

in mid-October. They both made new 52-week lows. The SB 500 at its highs just last week

was up about 17 and a half percent off those mid-October lows. The NASDAQ guy, though, surprisingly,

okay, is only up 14 and a half percent and has since given back about four and a half percent of

that. So there's been relative underperformance by the NASDAQ.

And again, it's important to recognize the NASDAQ is the index that has nearly doubled the

performance to the downside of that in the S&P. As I look right now, it's down about 29% versus the

S&P down about 16.5% that's on the year. What's going on here? I love that you use the word

surprisingly because that's exactly right. And obviously if you're surprised by something,

there needs to be a reason behind that surprise. And I would submit, given the fact that 10 year

yields have gone from 4.3 percent. And we're pretty much approaching now 3 and a half percent

in the 10 year.

And if you had said to me under those set of circumstances on a market, by the way,

to your point that is rallied in the S&P since October 13th, 14th, that Thursday and Friday,

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