mike khouw, carter worth, and brian stutland the feds meet next week on a highly anticipated decision on whether to take a breather from rate hiking campaign the volatility fell, carter, kick it off. >> right, before we look at the charts it's important to note, of course, that the real data point on the week was the inverse of every week for the last two or three month, which is to say the top 50 index, top 50 s&p was down. and then up, but only slightly, was the oex, the top 100, up 25 basis points the s&p, 500, up 39 basis points the midcap up 147 and the russell up almost 200, the exact reverse pattern we've seen week after week with the larger you are, the more you've outperformed so finally, some participation from laggers but let's look at a chart or two. the firstchart we have is the s&p 500, what's so important is how precise today's high was relative to the august high, in fact they're within pennies as you can see, and we hit our head there, and closed poorly, for all intents and purposes the second iteration puts in some lines to sort of depict the circumstance, and the is

and adobe we're live from the nasdaq market sitele on the desk tonight, mike khouw, carter worth, and brian stutland. the s&p breaking a six-day winning streak, but still notching its best streak since march. the move comes after the pause, leaving rates unchange after ten consecutive hikes but signaling there could be two later this year mike >> we got well telegraphed communications, i think, from the fed. they were signaling that there was a pause that was going to be possible they signalled hawkish activity on the back of that. that's what we got i think they're basically trying to navigate this in a ticklish way. when i was taking a look at the data before the results came out, the cpi numbers look okay the fed's preferred pressure is pce. the core inflation on the other side at 5.3 was a little bit high, and i think that's still pretty ticklish. i think people shouldn't underestimate that sign they might give us some more rate hikes, despite the fact that i think a lot of people think this might be it. >> carter, what's interesting, too, is we continue to see the broadening out of this rally e

. >>> this is on the desk tonight, mike khouw, carter worth, and brian stutland stocks closing loweroday still notching its best week since march. the move comes after wednesday's fed pause, leaving ban rates unchanged after ten consecutive hikes by signaling two more increases later this year mike, what do you make of this action here? >> yeah, i mean, i'm not that surprised by the price actio when you consider that this is -- really, we got very well telegraphed communications, i think, from the fed. they were signaling that there was a pause that was going to be possible they signalled that there was going to be some hawkish activity on the back of that that's exactly what we got i think they're basically trying to navigate this in a fairly ticklish way when i was taking a look at the inflation data we got before the fed actually, the fmoc results came out, you know the cpi numbers look okay, the preferred measure of inflation is pce. the core inflation on the othe side, though, at 5/3 was high, and that's still ticklish. people shouldn't underestimate that sign they might actuall

on the desk, mike khouw, carter worth and brian stutland.he markets with a much better than expected employment data. the nasdaq leading the way notching its sixth straight winning week the dow sharply reversed what looked like a losing week, but it wasn't just the megacaps this week the russell 2000 logged the best day of the year closing above the 200 day moving average for the first time since march, but an internal indicator we'll talk more about in a moment, the vix, hitting its lowest level since july of 2021 carter, you were taking a look at this market through the lens of weightings. explain. >> right so we have with the ongoing strength of the largest cap names versus the average stock, we have a spread now that it was only seeing basically during the financial crisis and at the covid low. so the way to think of it is this -- either the high fliers the market in general is going to sink and the high flyers are going to sink more, or the market keeps advancing, in which case the laggards start to play catch-up, but the reading would

on the desk tonight, mike khouw, carter worth and brian stutland. fed meets next week for a highly anticipated decision on whether to take a breather from his rate hiking campaign while the markets rallied this week and volatility expelled before turning higher today some say a shift could accompany that decision. carter, kick it off. >> before we look at the charts, it's important to note of course that the real data point on the week was the inverse of every week for the last two or three months, which is to say the top 50 index, the top 50 s&p was down and then up but only slightly was the oex, the top 2,500 then the s&p 500, up 39 days points and you keep going the midcap was up 147, then the russell up almost 200. that's the exact reverse pattern we've seen week after week the larger you are, the more you've outperformed some finally participation from laggards. the first chart we have is the s&p 500. what's so important is how precise today's high was relative to the august high. in fact, they're within pennies, as you can see, and we hit our