Dow, SP500, Nasdaq hit new highs in first record trifecta of 2026!

Today was a historic day on Wall Street, with all three major stock market averages closing at record highs for the first time this year. The Dow, S&P 500, and NASDAQ all saw significant gains, with the Dow popping 183 points to settle at 50,644. But despite the optimism, consumer confidence is at a record low, with the University of Michigan survey revealing that consumers have never felt worse about the economy. What's behind this disconnect between the stock market and consumer sentiment? Frank Mottek dives into the latest market trends and expert analysis. Our guest, Daniel Ives, managing director and senior equity research analyst at Wedbush, shares his insights on the AI revolution and its impact on the tech sector. We also discuss the latest developments in the Middle East, including the potential deal between the US and Iran, and its effects on the global economy. Additionally, we explore the ongoing closure of the Strait of Hormuz and its impact on oil prices and the economy. If you're looking for a deeper understanding of the current market trends and their implications for the economy, tune in to this episode to hear our expert analysis and insights.See omnystudio.com/listener for privacy information.