>> i do not. >> sam stovall wrapping up the first half and looking forward >> sam stovall wrapping up the ... ... trucks. with far lower start-up costs than traditional sit-down restaurants, many chefs are striking out on their own, on wheels. but we're not talking hot dogs and ice cream, instead, think haute cuisine on paper plates. erika miller dishes on what's next for these meals on wheels. >> early in the morning, and time to make the dough. after all the mixing and kneading is done. the waffle dough gets turned into another kind of dough. seven days a week, 14 hours a day. the truck sells treats around new york city. it took four years, but the business is finally profitable. >> we do a lot of parties and barmitzvahs, and all that stuff. the things you don't see is a significant part of the business. >> mobile food has grown in popularity the past few years. there's an estimated 3 million food strucks in the u.s., and an additional 5 million food carts. >> i think it's delicious. it's the first thing we ate when we got into new york city, and i have no regrets. >> this is great.

sam stovall is the chief equity strategist at s&p capital i.q. >> let's talk about the second quarter here. despite today's gain, the s&p 500 is down 3%. that's unusual considering the strong rally we had in the first quarter, isn't it? >> it's a bit unusual. when you go back to world war ii, typically the second quarter is pretty good. but i decided to go back to 1900 because a lot of the most recent years have reminded investors of the 1930s. and going back more than a hundred years, the second quarter is usually down. so in a sense, what we saw was typically what we normally see. >> tom: using history, what are the odds that the s&p 500 could see new highs before the end of the year? >> history says, but does not guarantee that about 80 plus percent of the time, the market posts its high of the career in the second half, and cent% of thseventy percent of t that's in the fourth quarter. and once the presidential election is over, so is the uncertainty, and investors pile back into stocks. >> tom: there's going to be a lot of politicking in the third quarter. how could that impact th

and s&p chief market strategist sam stovall will be along as we wrap up the second quarter and look forward to wall street's second half. >> tom: susie, we'll see you then. >> susie: good night tom. thanks for watching everyone. we'll see you online at: www.nbr.com and back here tomorrow night. "nightly business report" is brought to you by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org