Date
Summary
Gregg Smith Appears on ‘Varney and Co.’ To Discuss Stock Market
Source
Fox Business Network

Name: Fox Business Network
URL: http://www.foxbusiness.com/index.html
Show
Varney and Co.

Name: Varney and Co.
URL: http://www.foxbusiness.com/on-air/varney-co/index.html
Persons
Stuart Varney
, Gregg Smith

Name: Stuart Varney
Employment: FOX Business News
Position: Journalist

Name: Gregg Smith
Employment: Evolution VC Partners
Position: Fouder
Event
–
Event location
–
Link
–
Original recording
Uploaded
06/26/2024 09:07 am
Owner
Type
Video
Format
MP4 (1280x720)
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Duration
0:03:18
Views
2
Purchases
0
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0
Transcript
RUSH TRANSCRIPT Stuart plenty ░░░░░░░░ red ink left hand ░░░░░░░░ to have screen The ░░░░░░░░ s coming back a ░░░░░░░░ now down just 42 ░░░░░░░░ Greg Smith with us ░░░░░░░░ morning to look at ░░░░░░░░ market Greg welcome back ░░░░░░░░ to see you again ░░░░░░░░ in the first hundred ░░░░░░░░ of this year the ░░░░░░░░ market performed very well ░░░░░░░░ Finish historically does that ░░░░░░░░ the rally continues I ░░░░░░░░ for investors in an ░░░░░░░░ year they re always ░░░░░░░░ nervous but I think ░░░░░░░░ first hundred days of ░░░░░░░░ performance of the S ░░░░░░░░ this year actually bodes ░░░░░░░░ for the market for ░░░░░░░░ rest are of the ░░░░░░░░ and here s why ░░░░░░░░ ll talk a little ░░░░░░░░ and statistics for a ░░░░░░░░ Going back in time ░░░░░░░░ an election year anytime ░░░░░░░░ see the market up ░░░░░░░░ the first hundred days ░░░░░░░░ percent of the time ░░░░░░░░ index finishes in the ░░░░░░░░ for the year There ░░░░░░░░ been three other times ░░░░░░░░ history three other election ░░░░░░░░ in history 19 1996 ░░░░░░░░ the market was up ░░░░░░░░ a than 10 So ░░░░░░░░ this year we were ░░░░░░░░ a little over 10 ░░░░░░░░ the first hundred days ░░░░░░░░ think it bodes well ░░░░░░░░ the rest of the ░░░░░░░░ Stuart music to our ░░░░░░░░ ears Well done greg ░░░░░░░░ a I a bubble ░░░░░░░░ it show any tendencies ░░░░░░░░ back of the thumb ░░░░░░░░ I always used to ░░░░░░░░ for the market was ░░░░░░░░ if I would see ░░░░░░░░ company put their name ░░░░░░░░ a stadium whether it ░░░░░░░░ enron cmgi Laughter Go ░░░░░░░░ in time or I ░░░░░░░░ my taxi driver asking ░░░░░░░░ he should he should ░░░░░░░░ more qualcomm I would ░░░░░░░░ say you know we ░░░░░░░░ be in bubble territory ░░░░░░░░ I think many Wall ░░░░░░░░ professionals would say we ░░░░░░░░ not quite This phenomenon ░░░░░░░░ t quite deserve the ░░░░░░░░ title yet Stuart it ░░░░░░░░ not dot com land ░░░░░░░░ it Comparison It s ░░░░░░░░ to find the right ░░░░░░░░ but if you look ░░░░░░░░ to 1995 2000 to ░░░░░░░░ dot com bubble you ░░░░░░░░ the market went with ░░░░░░░░ for 5 years and ░░░░░░░░ the last 2 years ░░░░░░░░ had incredible increases in ░░░░░░░░ NASDAQ And that was ░░░░░░░░ the face also of ░░░░░░░░ tightening But I think ░░░░░░░░ market today is more ░░░░░░░░ to 1995 companies are ░░░░░░░░ intet tethered to fundamentals ░░░░░░░░ I think you know ░░░░░░░░ re not quite in ░░░░░░░░ territory Despite the fact ░░░░░░░░ have Mick Jagger style ░░░░░░░░ asking the nvidia CEO ░░░░░░░░ sign their chest I ░░░░░░░░ sure you get that ░░░░░░░░ sixth avenue every day ░░░░░░░░ endless It s endless ░░░░░░░░ Give me 30 sends ░░░░░░░░ why you like draftkings ░░░░░░░░ of people talk about ░░░░░░░░ Business of sports whether ░░░░░░░░ s f1 whether it ░░░░░░░░ Caitlin Clark in the ░░░░░░░░ or the increasing rights ░░░░░░░░ professional major legal teams ░░░░░░░░ well as the associated ░░░░░░░░ rights The business and ░░░░░░░░ of sports growing and ░░░░░░░░ s becoming increasingly more ░░░░░░░░ more popular It s ░░░░░░░░ more women into it ░░░░░░░░ because of the WNBA ░░░░░░░░ I think draftkings is ░░░░░░░░ the leading player Stuart ░░░░░░░░ 37 a share where ░░░░░░░░ it going Back at ░░░░░░░░ They just completed an ░░░░░░░░ of a great company ░░░░░░░░ Jack pocket which was ░░░░░░░░ leading ilottery company allowed ░░░░░░░░ to play the lot ░░░░░░░░ reason lottery on their ░░░░░░░░ and investors got cashed ░░░░░░░░ last week and I ░░░░░░░░ a lot of that ░░░░░░░░ is for sale now ░░░░░░░░ will get cleaned up ░░░░░░░░ all right Thanks greg ░░░░░░░░ for joining us.
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