Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: A single best idea in a set of great conversations.
Speaker 2: We've just been on a roll of the last number
Speaker 2: of days of back to back to back conversations, and
Speaker 2: you know, some real differing opinions on the war, on
Speaker 2: what oil is going to do, and of course on
Speaker 2: this market with its own characteristics. Every guest comes in
Speaker 2: with a certain take. Cameron Dawson came in today with
Speaker 2: New Edge Wealth and she was absolutely heated. There's no rotation.
Speaker 2: Let's listen.
Speaker 1: We've been saying that the broadening out is a myth.
Speaker 1: Look at the equal weight s and P five hundred.
Speaker 1: It is at a new year to date relative low
Speaker 1: versus the cap weighted index. And that is all because
Speaker 1: you're in this environment where you have a very narrow
Speaker 1: contribution to that earnings upside. So as much as people
Speaker 1: want the broadening out to happen, what you can see
Speaker 1: is that it's simply not being supported by the fundamentals
Speaker 1: and thus it's not being able to be sustained in
Speaker 1: the price action.
Speaker 2: Cameron Dawson there with New Edge Wealth on the market.
Speaker 2: She's participating in this bull market. I didn't hear her
Speaker 2: screaming bye bye bye. But nevertheless, there I do want
Speaker 2: to emphasize there was one I don't have the name
Speaker 2: in front of me. I'm so sorry, but a major
Speaker 2: strategist who I respect said, look, they're not predicting S
Speaker 2: and P nine thousand, but they're saying a fan distribution
Speaker 2: of opportunities gets you in that vicinity if everything works out.
Speaker 2: I've never heard that. I've never read that SMP nine thousand.
Speaker 2: I interpolated that over to the Dow Jones Industrial averager.
Speaker 2: You're ready now, sixty thousand would be an equivalent SPX
Speaker 2: nine thousand. Again, I'm not predicting that, but it's one
Speaker 2: of the things in the zeitgeist of this strange mayenty
Speaker 2: twenty six, liz Anne Sanders that Charles Schwab has seen
Speaker 2: strange maize. Let me give you one story of her May.
Speaker 2: This is the class act that liz Anne Sanders is.
Speaker 2: She's out doing some college, you know, recruitment thing or
Speaker 2: high I'm Lyzianne Sanders, smile, smile and all that. And
Speaker 2: there's adweeby kid from Pepperdine in the line who knows
Speaker 2: a lot about the stock market. And that's how you
Speaker 2: get hired at Charles Swab. Kevin Gordon has been a
Speaker 2: fabulous success for Charles Schwab, bringing maximum brain power and
Speaker 2: chart ability to help liz Ane Sanders move forward. Here
Speaker 2: is liz Ane Sanders of Charles Schwab.
Speaker 3: Unfortunately, the younger generation Kevin's generation. In a report that
Speaker 3: we wrote a few weeks ago, Harris Pole Study, we
Speaker 3: highlighted that Kevin's generation, the response was eighty percent that
Speaker 3: we are considering more speculative actions, more speculative bet because
Speaker 3: we don't have faith in the system, because we feel
Speaker 3: financially behind my generation. The baby boomers still a high
Speaker 3: percentage that responded that way, but it's only fifty verses
Speaker 3: about eighty and it gradually has increased as you go
Speaker 3: down the age spectrum. Most young people, some of them
Speaker 3: don't really even know what Social Security is. They just
Speaker 3: make broader assumptions that the systems in place that benefited
Speaker 3: their parents' generation are not going to be there.
Speaker 2: Lzayne Saundres, they are just absolutely brilliant with Charles Schwab
Speaker 2: on podcasts, we're at Apple where it's Spotify. On YouTube podcasts,
Speaker 2: it's single best idea