street about the electric vehicle company that is a lesson for investors, on the barron's roger ben levisohncarleton english and dachau. so many headlines this week, we had the scary delta variant filling hospitals from florida to kansas, fed meeting and then the gdp numbers came in that were strong but not as strong as expected and investors shrugged. >> there's good reason that the investors shrugged, none really matter the fed did not do anything, the gdp raging should 6.5% growth, what it does care about his earnings, nearly 90% of the companies that are really so far have topped the earnings expectation, even though the s&p 500 fell 0.4% more than 300 of the companies in the index finished higher the equal weight to s&p 500 and the russell 2000 finishing up this week and that could be investors are willing to put the back to benefit from a reopening as delta might has gotten as bad as it's going to get. gerry: i sure hope so the small caps are getting better which seems to be economically. i want to ask about one specific headline in the market robinhood had its ipo the stock became pub

on the "barron's roundtable" ben levisohn, carleton english, i'm going to start with you as i often dos talk about jerome powell in jackson hole the market seems to take his comments as double vision therefore bullish. >> he told investors that the taper would start by the end of the year but he also said there wouldn't be rate hikes for a very long time. economically sensitive stocks did well because economy should grow but the nasdaq and the high-priced tech stock did well because rates are low. i hate using the term but it was a goldilocks moment. jack: that term does fit. the good news, it wasn't just powell we had a few good indicators this past week. >> the market was having a decent week even before powell spoke on friday morning and started with the covid vaccine getting a full approval and decent economic data as well. powell made a good week great. jack: i want to talk about the covid approval by pfizer approved by the fda. when the fda gave full approval that open the door for people, we assume it works we all got the shot but what does this mean for the economy that the fda

short investor michael burry we will tell you is on the right side of the trade, my colleagues ben levisohnson english and alex, despite the trade the market did in down slightly was a something the feds did? >> it actually was there was a lot of concerns about tapering and this is despite the fact that it was telegraphed the tapering starts soon and we got minutes from the meeting and we had to talk about tapering and it didn't bother the market at all. what it seems if you look at the taper tantrum from 2013 the market fell express and in the s&p finished more than 30% that year, the taper tantrum even if we were to get a real one really wasn't that bad it was a buying opportunity back then. >> is there any different than market that has seen because were so used to going up what else are investors hooked on. >> there is concern about afghanistan and what impact it might have on the stimulus package, the economic data also covid with the case is still increasing. in the economic part of it might be the most worried goldman sachs cited covid-19 credits gdp forecast for the third quarter an