joining me now, josh wein. great to have you with us. what do you make of the market reaction is this the market that deserves to be at record highs? >> caller: first, i would say the market is comprised of large cap stocks that are overweight within the index of apple or google that trade down 50% or so bars, restaurants and local businesses the market where it is now, it is justified the top five stocks and s&p represent a quarter of the market cap and a quarter of the free cash flow i don't think where we are is actually that crazy at all >> the biggest reason i've heard for why the markets deserve to be at the record high or have gone to the record high is the fed. we'll call it large. is the central bank policy we have in place and anticipate to have in the coming months over years enough to keep supporting modest rally over time in the market >> i this i it is. i think the central bank were the earliest actor throughout this epidemic. lowering rates and indicating that they'll stay low is incredible stocks stay relative to the rate