Boockvar: Most earnings growth is from two sectors; the rest of the S&P shows lags

All right, let me just talk to you about the broader market. I mean, you know, it's very important to note out the NASDAQ and the S&P, they're both at record highs, double digit record highs this year so far. So, is the the concern about tariffs in the market, has it maybe been overblown.>> I don't think so. Uh, if you take out technology and communication uh sectors out of the S&P, earnings are only up less than 1% so far with revenue growth at about 3%, which is in line with nominal GDP, give or take. So ...