You're listening to On the Tape with me, Dan Nathan, Guy Dami, and Danny Moses.

We have a great show lined up for you today, talking markets, rates, the newest meme stock, Robin Hood, and crypto.

Later, we'll go off the tape with Rick Heitzman, founder and partner at First Mark Capital.

So stick around.

It's going to be a good one.

So, Danny, I ask Dan Nathan this all the time.

He knows the answer. So I'm going to ask you,

why was the market higher this past week? Danny Moses, why? I hate the answer because it was open,

but because it was open. That's exactly right, because it was freaking open. And here we are,

S&P 500, north of 4,400, NASDAQ all-time highs, yields are going lower. Nobody cares about

anything. It's good times in August of 2021, Danny Moses. It's madness. It's a shame we're taping here

right before the jobs report because it'd be nice to see the mania that's going to ensue as

result of that number tomorrow at 830. And I will tell you what we've seen in the last couple of days just like on an ADP number,

on an ISM services number, on a clarida from the Fed coming out and saying something.

I mean, this is madness.

I mean, when you have oil trading in a $6 range, you have rates on the 10-year trading in a 10-bip range. Gold in a $30 range. And the dollar

itself, which those are big moves in the dollar. May not look big, but 10 cents and the dollar is a lot.

So I can't imagine what we're going to miss on Friday, but volatility is here. It's percolating,

but you're right. It's not being reflected in people's thirst to just own these stocks. I look at it and say the volatility is in every place

but the equity market and in a certain point it's going to find its way there. But earlier this

week, we saw Citibank actually said, you know what? I'm making this up a little bit, but no

Moss for U.S. equities. And then Goldman Sachs, David Koston at Goldman Sachs puts a $4,700 target on the S&P 500,

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