Back in my commodities days, once in a while we'd look at the equity market, and we were always amazed that the market just seemingly went up every day.

And we had this running joke. It got to the point where I'd asked the question, why is the market up today?

And somebody would say because it's open. And that became this gag. And, you know, it's not that far from the truth.

Because here we are on the

on the tape podcast, by the way, Guy Adami, Dan Nathan, and Danny Moses sitting here on a Thursday

where the Dow Jones is up a cool 500 points. The S&P's up a cool 75 handles. Nasdaq, obviously

a commensurate move there. Some individual stocks just off to the races. It doesn't make a

hell of a lot of sense to me. But you know what? We're going to have a conversation with David

Rosenberg in a little while. Maybe it makes sense to him. Rosie of Rosenberg research. You know what,

listen, it's funny. He said, you guys keep asking me back. And sooner or later, I'll be right, and he was joking around here. And we made the point, some of the best

strategies, some of the best economists, you're not actually trading to their targets. You're not

trading to some of their estimates. You're actually trying to get a nuanced sense for the stuff

that's moving markets. And to your point, guy, about sitting on a commodities desk all those

years and looking at what's going on in the equities, it must have looked like it was just some kind of goofiness. I'm assuming this was like in the late 90s. The S&PB

the moves were not of this magnitude, but it was seemingly every day the thing just built on

itself. And then every once in a while you'd have an event where the market went down,

it came to the point where if the market was open, the market was going higher. And we're starting to see that around the edges over the last five or six trading days. The market was clearly

breaking down a week and a half or so ago. Maybe it got down, maybe it got over skis a little

bit in terms of market sentiment. Clearly that happened in the bond market. I didn't think yields

would move from 5% to 10 year down below 4.7%. Yet here we are.

Everybody now seemingly knows what's going on with Treasury. But as much as there is to like

about the market being higher, I understand people along stocks. There's just as much to be concerned

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