joining me now, fisher investments founder ken fisher.you know, and now it's getting better. but people are looking at it the wrong way. >> so, first, there's always been the view that narrow breadth is bearish. in fact, i just want you to think about the fact you've never, ever heard, gee, the markets should go up because the bred withth is narrow. i'm going to tell you that going back even to the mid '60s for the most part when you get to extreme narrow breadth, the market is intermediate to long term very bullish. and on top of that, there's this other feature which is when you actually look at extreme levels of negative if breadth coupled with the rate of decline in the breadth being very low, that's always early cycle bullish. so almost all super low indicators have been intermediate to long-term bullish. but when you double that with the rate of decline if in narrowness being very fast, this last six months is the most extreme drop in breadth in measurable history. that's super bearish -- i mean, super bullish, excuse me. charles: r

none of this is a surprise to fenn ken fisher, fisher investments founder, chairman joins me right nowaspect of this rally, how it defies the consensus. can it continue to do that in the second half? what does history say? >> a little like your meteorologist in the prior segment things are not always so perfectly clear and forecasting can be tricky but the, my view is that this should be a perfectly fine back half of the year. we're just ending what i call on your show before the mid-term miracle, the nine months that start on midterm election year, the nine most significantly profitable months in stock market history, no matter what you say. the aftermath of that in the back half of the years, the back half is positive5% of the time. it is on average two quarters together about as good as one of the quarters that we're just ending, 7.% median returns. future ahead has good point. people don't get this. everybody expected housing to be down. housing is up. manufacturing activity, last three months orders are rising when people weren't expecting that. we're coming into earnings season.

it is ken fisher. he will be here to explain. you don't want to miss my take why our education system america's greatest achilles' heel. it is failing us big time. i would love to hear your thoughts on it. tweet me @cvpayne. all that and so much more on "making money." ♪. charles: so coming into the week there was a general sense this market would pause, maybe even pull back a little bit. we saw the momentum broken by the three-day weekend. face it it is the last stance for the experts that have been so wrong. now it is becoming hard to ignore. check this out, coming into this year strategists thought we would have a down year. 2023, they thought this would be a down year. it is the first time they thought we would have a down year in decades, in decades! everyone that was consensus 2023 would be like 2022 a down year. making matters even worse here's what's been happening. this is the put/call ratio. this means when this line goes down a lot of call buying. who is buy the call here? this is retail. retail loaded up on calls, sto

and people don't leave what is going on and how long it can go on but yet i talked to people like ken fishernd others who say it can go on and it is real and has substance and can be sustained. where are you on this? >> it has to be looked on the one hand, the spiraling debt crisis and the other hand ai. it is a very real thing and as computers get faster and faster and they analyze huge data sets, they are able to make predictions and those predictions we narrow down very soon and is going to help us allocate resources efficiently and we are basically in an economic so we are between these two places. on the one hand we have social and economic collapse due to deficits and the promises ai will bring us. the question is who will get their first. neil: that's the same feeling of internet in the early days, anything -- anything can deal with that technology, but could we have no up with lesser names next. >> this time is going to be much bigger than the internet. neil: so whatever we go through, will go to. >> delivered on promises to 20 years longer than we thought it would this time it will

whether this happens to the market and billionaire ken fisher says it's bull to him that will last for see technology again leading that charge. >> don't confuse the stock market averages with the average stock or the economy itself. neil: right. >> consumers feel good when the households its value. those hand hold, magnificent seven names that is great. that is not representative of the overall economy. you have two things working right now. you have a.i., technology stocks and weight loss drugs. there has to be more to the story than just those two things and i think the average stock is not that expensive but those stocks are fairly expensive right now. neil: they have been the golden, the golden touch for the market. we'll keep an eye on it my friend. larry glazer, thank you. >> thank you. neil: mean sometime look what popped up in ukraine today, former vice president of the united states mike pence had a chance to meet with president zelenskyy a lot of people thinking zelenskyy is using this opportunity where there is mayhem and a near mutiny in russia to advance his troops in all