00:00 Speaker A
Let’s see where the major averages ended up here. I got green across my screen. I got Dow up triple digits, tacking on 275 points. Your broad gauge, the S&P 500 are up about 7/10 of a percent, and your tech heavy Nasdaq finishes the day up nine tenths of a percent. Of course, it’s liberation day. It’s here finally. You’ve had the date circled on your calendar. We’re moments away here waiting for President Trump to announce these new tariffs. For now though, let’s get to Jared as we wait for that for a closer look at today’s sector action, Jared.
00:53 Jared
All right, we’re on pins and needles here. So let’s go to the YFi interactive and check out what’s happening today in the markets. You can see first look at the Dow’s interday. Uh started off in the red. It was a little dicey on the open, but we uh managed to climb into the green pretty early. Stayed that way all day. And importantly, this is a third up day for the major markets. And you can see the Dow up one and a half percent in that time. S&P 500 up 1.6%, and the Nasdaq up 1.6 as well. I’m going to show you real quickly a year to date chart because this pattern, I’ve been tracking this over the last two days with you, Josh. This is a bullish reversal. Had a little fake out below the support line to lows of the year, and then we are upwards from then. Uh we haven’t rocketed upwards, so we’d like to see a little bit of momentum, but that’s going in the right direction. And the VIX speaking of right direction, it is going down, which is the right direction for risk markets. You’re seeing a little bit less volatility, still holding over the 20 level. But one thing I am tracking is the move index. That’s like the VIX of the bond index. You can see those big three green candles. That is moving higher over the last three days. And sometimes when you get a big move, it eventually spills over into equities. Uh but we’re not seeing that just yet. All right, let’s get to some heat maps. Only staples that’s XLP in the red today. Consumer discretionary, it’s cousin is in the number one position. That’s up 1.9%. Then we got industrials up just less than 1%, financials, materials. Those are the out performers and tech. Those are the out performers of the day. And let’s see, we got some time for the Nasdaq here. Amazon up 2%, Tesla up 5%. Big day for Tesla. Looks like investors like Elon must uh seeing the exit sign for Dodge. Uh Broadcom up 2%, Palantir up 3%, and I’ll put it, I’ll leave us on the Dow here. And you can see kind of a mixed board. Some of the same names that we were just calling out that I was just calling out of the Nasdaq 100 uh are in the green, but McDonald’s down two thirds of a percent. Some of these health care names down a little bit. So kind of a mixed day, but in the majors, we got that upward momentum now three days. That’s the bottom line here.
03:29 Speaker A
Jared, thank you. Appreciate it.