toast is surging don't miss toast's ceo chris comparato later this hour. we'll look at china tech as well the whole space seeing pressure this morning let's start off with the running with the bulls the nasdaq son pace for its fourth weekly gain in a row since november and some huge moves higher from megacap names like apple, amazon and microsoft. let's bring in elliott robinson. happy friday good morning to you. where are we right now there is a big debate. is this another bear market rally? that is becoming less loud over the last few weeks, especially a week like this. >> well, let's talk cloud a little bit despite a lot of uncertainty in the news, gdp growth, ongoing geopolitical conflict, the cloud economy is showing a ton of resilience as customers continue to leverage software and every ceo is directing their teams to do more with less. this impacts things we're seeing in these q2 earnings reports thus far, which is fueling some of the recovery that you guys opened the show w with so the emerging cloud index, up 28% in the last month alone. the aver