By coinnews 
00:00 Speaker A
That’s the closing bell on Wall Street, and now it’s Market Domination Overtime. Jared Blicker’s going to be along in a moment to help get us up to speed on what happened today. And I’m going to start with the major averages here. We saw the Dow closing near the highs of the session here, up 619 points on the day. That’s a gain of 1 and a half percent. This morning, we did see a little bit of bumping around in the red before the rally, and rally into the weekend at that. Interesting to see, as we do see the president express some optimism about getting a deal done with China. We don’t know what the timeline is, but there’s still been a lot of concern about the effects on the tariffs on imported items from that country, even as their tariff rate on US goods is going to go to 125%. The S&P 500 up 1.8% on the session, and the Nasdaq Composite winning the day up by 2.1%. Jared’s got a closer look at today’s action now.
01:28 Jared
Thank you, Julie. I’m going to look at a five day here of the S&P 500, just point something out real briefly. You know, we had that huge day on 4-9. That’s April 9th, Wednesday when we went up 12% in the Nasdaq. But the last four days, either 75% of the S&P 500 issues have been going all up together, or down together, and it’s been one after the other. So we went down, then up, then down, and today we’re going up again. And that just tells you that the internals are all moving together in the same direction. And that’s kind of what happens in a bare market, even though the S&P 500, not officially in one just yet. 4800 is my line in the sand. I’m going to do a deep dive with Josh on that in about 30 minutes. Here’s the VIX. The VIX actually came down this week after jumping up on Monday, but it’s net down from last Friday. But that doesn’t speak as to realized volatility. This is uh, VIX is kind of looking to the future there over the next 30 days. Huge week in the bond market. Biggest jump in the US 10-year T-note yield since 2001. And if you take a look at the 30-year, that is the biggest jump since 1982. So, as big as the moves were in stocks, it was even bigger in the bond market. Let’s check out some of the sector action, everything in the green today. And if we take a look at a five-day print here, only real estate in the red and energy almost break even there. But check out tech. Tech up almost 9%, industrials up 6 and a half percent, both of those outperforming. And let’s switch over to the Nasdaq 100 to get a picture of what happened this week. Lots of nice green there, although it has been very harrowing, I will say. That’s what happened this week. Let’s check out what happened today. Still a lot of green on the screen, although we’re seeing Meta in the red for about 50 basis points or half a percent. Tesla down just slightly. And if we take a look at some of our leaders here, we see today just about everything in the green. KRE is regional banks, so those took a little bit of a drop and then LQD is a bond ETF. So, just about everything else in the green. Who was leading? Bitcoin. Bitcoin up 5 and a half percent today, then we got Korean stocks, then we got some smaller energy stocks, and then solar biotech. By the way, biotech had a rough day. Uh has been, has been having a rough couple of days this week. But if we take a look at what’s happening in some of the smaller names, and I like to look at the Ark Innovation fund. If we sort by equal weight, where Tesla doesn’t have that huge dominating market cap weighted spot over to the left, we see a lot of green here. So, maybe some incremental improvement here. But again, I go back, if we go too much farther down in the S&P 500, we trigger that bare market level. I’m just worried that we kind of hit the elevator to the downside.