The Dow Jones (^DJI) closed higher for the fifth week in a row, this time above 40,000. Hennessy Funds CIO and Portfolio Manager Ryan Kelley and RBC Capital Markets US Economist Michael Reid join Market Domination Overtime to discuss what it could signal for the overall state of the economy.

Kelley believes the record high is fueled by anticipation of the Federal Reserve lowering interest rates, as well as easing concerns of a recession.

Reid says that the economy is experiencing several tailwinds as retirement portfolios increase in value and Baby Boomers start to use those assets. Higher interest rates are also boosting the overall wealth of higher-income individuals and HVAC and building companies.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Melanie Riehl