of the industrial names andthe material stocks, federal express, kansas city southern, all up, a paccar and others up, ford like vornado, and even the residential ones, like beiequity residentials we're going into a good earning season overall. the beats on banks last week didn't make a big difference i think the bad news is and ylan touched on this, a little complacency out there. the market believes a vaccine is coming sooner or later oops, stimulus is coming sooner or later and stimulus is the bridge to the vaccine, therefore everything is great. given the high prices we're dealing with now, 1.5% from historic highs, the risk is to the down side. the market is being a little too complacent back to you. >> bob, thank you very much. we're going to pick up on some of bob's points just there the nasdaq on track for its longest losing streak now since august of 2019, but the russell 2000 does continue to outperform, now up 9% in the month of october just so far and our next guest says smallcaps are your best bet heading into the end of the year joining us now is eric knutsen eric, welcome

paccar ch robinson. united rentals johnson controls generally much of it turned negative on the day. remember how much is banking on the cyclical play. the market's rotation into cyclecals is why the market held up as tech stocks lagged we moved into cyclicals fed ex, american airlines, deer deer is at a new high and of course we have also had material stocks up on infrastructure hopes we have had bank stocks, some of the big money center banks up 3, 4, 5% and some of the big regional banks up double digits. 12 or 13% in the case of u.s. bang corp. and others. a lot riding on the stimulus deal right now and we have no id idea how it is going to turn out. >> you mentioned the banks kpwx up and oil prices up. overall it has been a week where that rotation, that catchup from the cyclicals has played out >> right so what happened in the middle of the day today mr. mcconnell came out and said i am not sure we are going to do a deal before that -- i think that's weighing on things right now all of a sudden tec