By coinnews 
00:00 Speaker A
Stocks closing lower in today’s trade with the S&P 500 snapping its longest winning streak in over 20 years. Yahoo Finance’s Jared Blickre joins us now with the trading day takeaways, Jared.
00:12 Jared
Thank you, Josh. All good streaks must come to an end, almost by definition. So, streaks don’t last. But we still have some going on, not just in the S&P 500, uh, as of Friday. But check out all these. These have advanced to 10 or more. We got Cisco up 9.1%, Workday up 16% over the last 10 days, Cognizant up 14 and a half. Gets better. Zscaler up 20% and American Airlines up 17 and a half. Carvana, that old meme stock from back in the day, that’s up 32 and a half percent. But what’s really interesting here is the FTSE. The FTSE is here up 3.9% in that time. Let me just show you the last month in candlesticks. Just about every day since April 8th, since we kind of got that trade tariff detente, uh, with Trump, a lot of Ts. We have been up every single day. So that’s 15 in a row for the FTSE, I believe. That is one of the best in history. And if you remember from earlier in the year, Meta had one that was 20. That kind of blew my mind. So we’ll have to see if the FTSE can catch up there. But suffice to say, it’s been a good run.
02:12 Speaker A
So streaks are nice. They’re noteworthy, but where have been the biggest gains, Jared?
02:20 Jared
Yeah, and let’s check that out because we are, we got to look at who’s leading here. I mentioned that April 8th low, so I’m going to show you a different screen. We were just looking at the last 10 days, but now I’m going to look at the last, uh, I think it’s up to 18 or so. And we’re going to go to the sector action here, and we’re going to hit this button, and there we go. So tech is up almost 20%, 19.9%. That’s a good total for a year, maybe even two years, but that’s just a few days here. Industrials up 15%, materials up 13. The laggard is healthcare, up 4%. So it’s just been a really kind of, I don’t want to say free for all, it’s, it’s been a very inclusive. I mean, you look at the top sectors, these are my leaders, by the way. You look at some of the top leaders, cannabis, arc, so that’s innovation, disruption. But then you got software, you got Bitcoin in there, you got New York Fang, which is some of the MAG 7, IPOs, uh, momentum, we got chip stocks. So a very broad swath, and as is clear, everything is in the green. And the low hanging stuff here, uh, up only a little bit. That’s pretty very conservative, pretty much historically conservative stuff that doesn’t necessarily move a lot. I’m just going to show you one more thing here. Here’s the Nasdaq 100. We got some really nice gains. And if I’m counting the red squares, it’s only three. And the big question is, can this continue? S&P 500 still has some work to do as I was going over at the at the 4:00 p.m. bell. We’re kind of in the middle of the range. If you take that February 19th high, that was the all-time high, to the April 8th or so low, well, it’s right about in the middle. So a little bit more work to be done, but off to a very nice start here with this rally.
04:46 Speaker A
You mapped out who’s gaining. Who’s losing?
04:51 Jared
Well, the VIX, the VIX is down. But that’s because equities are up. Those move inversely. And I’m being kind of flip there. But let’s check out the futures because I’ve been tracking crude oil. This is a little bit concerning. So I’m going to put a year to date on the crude oil chart, and this is WTI, by the way. You can see it’s been a steady stream down here, um, and got no relief bounce after those tariffs. And so crude oil kind of, uh, kind of speaks as to the global demand picture. I’m going to put a six-year chart in so that you can see this is the lowest that we’ve seen since about early 2021. So crude oil is kind of a barometer for me. Uh, drill baby drill, sure, that’s going to lower gas prices, but the the flip side of that, while it’s nice to have cheap energy, is that, uh, well, you don’t want global demand to just evaporate. And so that’s what this kind of speaks to.
05:59 Speaker A
And Berkshire finishing the day in the red, by the way.
06:04 Jared
You bet. Is this Buffett passing the torch?
06:09 Speaker A
Yes, he did. Buffett’s bucks. Let’s take a look though at the sectors that he has been investing in. This kind of compares Berkshire Hathaway to the S&P 500. And, um, what you’re going to notice here, I got the top four, actually the top eight here, financials by far and away Berkshire’s biggest position, and that’s almost 40%. That includes Bank of America, American Express, two of the top five holdings are there. Moody’s, Visa, MasterCard, Chubb, you know, another insurance carrier. That compares to only 14% in the S&P 500. When it comes to tech, actually kind of break even though. When before Warren sold his Apple position, uh, that would have been a lot more for Berkshire Hathaway. So Berkshire actually would have been over the S&P 500’s allocation in tech. But, uh, other than that, you know, you have to stay tuned. We got some more analysis tomorrow.
07:26 Speaker A
We do. Thank you, man. Appreciate it.