The S&P 500 major industry groups are up on the year and yep, it is some of those big tech names that are definitely leading the way communication services. But consumer discretionary industrials are also gaining on the year materials. Most people right now believe the Fed is going to raise rates more but yet they're trading stocks like that's not going to happen. That to me is a message of hope and hope is a bad investment.
Allison Schrager, Senior Fellow at the Manhattan Institute and Bloomberg News Real Estate Reporter Patrick Clark discuss how home prices in the US rose for a third straight month, pushed up by growing buyer demand for a tight supply of listings. Michael Shvo, Founder and CEO of SHVO, shares his thoughts on the commercial real estate market, Bloomberg Technology Co-Host Ed Ludlow joins the conversation. And we Drive to the Close with Christopher Zook, CIO of CAZ Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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