he stock market keeps making record highs on the wings of high-flying semiconductor stocks and hopes of a cease fire in the Middle East. Meanwhile, the smartest trade in the market is to own the stocks most favored by The White House as this administration reaches back to the Reagan-era for inspiration about transforming the U.S. economy. The Express goes inside the Reagan Economic Forum to hear from leaders including JPMorgan CEO Jamie Dimon and U.S. Treasury Secretary Scott Bessent on what economic power means in 2026. Plus, Mike Rowe, America’s favorite dirty job explorer, drops in with his perspective on the future of the American workforce.<br>Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Future of the American Economy 

The Investopedia Express with Caleb Silver

# Full Transcript

**Podcast:** The Investopedia Express with Caleb Silver

## Transcript

On the Express this week, momentum is on the menu. Would you like some chips with that? Make sure you are seated at the right table because proximity to power is a Dell of a thing. Reaganomics makes a comeback as we go inside the Reagan Economic Forum in Simi Valley, California to hear from today's power players. And can the American economy work for the American people? Mike Rowe drops in with his cake on the future of dirty jobs. Microphone check one, two. What is this?

It's the Investopedia Express and it's time for business. Welcome back and welcome aboard. On this Monday morning, the Investopedia Express live and direct coming to you from Battery Park, New York City. Good to have all the Investopedia Express live and direct joining us from all over the world. We know you're out there. Drop a comment. Tell us where dropping in from. Always good to hear from you. And the Investopedia Express always on demand after this podcast goes live and coming into a Monday morning here off of

record highs for the stock market. We have a lot of record highs for the stock market really across all major indices. Momentum, as I said, is a real thing and it is powering the stock market. Much higher stocks coming off record highs a little bit this morning. Flat-ish at the open here as we have oil prices drifting higher again because that ceasefire, no ceasefire in Iran.

We don't know what's actually happening there except there are still attacks going on between both sides, but you can't ignore the momentum in the stock market. Look at that quilt of green. That's the month of May for you there. Thank you very much.

Stocks surging, especially big tech stocks, especially big chip stocks in the month of May with some serious momentum. They're powering again. Most indexes higher. There are chip stocks right there. You don't often see this, but just take a look at stocks like AMD, but especially Micron up 88% last month. I know we need a lot of chips, but that's an intense rally there for Micron.

That stock now over a trillion dollars in market cap for that company, but you had stocks like Intel surging 20%. Arm surging 75%. Broadcom reporting results this week up 10% last month. AMD up 53%. The chips are rallying big time and chips are the transports of the 21st century. We can't get enough of them. We're going to need a lot more of them down the road.

And we know the White House is supporting chips and the chip companies, especially those that are being made here in the United States pretty healthily these days. So that's where your rally is. That's where the momentum is momentum. Again, a serious thing. When you look at the hottest trade in the stock market in the past two months, it has been momentum, not value momentum. And momentum is basically the momentum index. You look at stocks that have been winning surging over the past few months, just betting on the stocks...

The Future of the American Economy

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

The Future of the American Economy

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.