00:00 Speaker A
Dow just peeking into the green very barely about 36 points by the end of the session after being red for most of the day. The S&P 500 finishing higher by about four tenths of 1% and the NASDAQ composite up about two-thirds of 1%. So, a lot of weighing today of the continuing trade headlines. As we know, China and the US continuing to sort of trade negative language, let us say against one another, each accusing the other of violating their sort of tentative trade day taunt and agreement here. We did learn there has been some reporting that Trump and she would be having a call this week that looks like it's being planned. So that, perhaps giving a little bit more optimism to the market. By the way, in the background we got a manufacturing number this morning that showed contraction for the second month in a row. So, that's something also that investors have been considering. Let's see what Jared Blickre has been considering. Hey Jared.
01:43 Jared Blickre
That's a great, uh, that's a great, uh, I guess detail of the fundamental macro backdrop. I was just looking at a one month chart and here's a technical backdrop. 15 sessions, exactly three trading weeks, and we have gone essentially nowhere. That is just sideways. That's the NASDAQ broke up a little bit after those Nvidia earnings, but here's the S&P 500. Just nothing but sideways right here. So we're just looking for the next catalyst and with all the trade tariff headlines and all the data that we've gotten, we still haven't seen that in three weeks. So, we'll be, I'll, I'll be sitting on my hands waiting for that next one. Here's the VIX. It was, uh, looks like it was up just a little bit today. Still holding under 20, so nothing major there. 10 week T-note yield up about five basis points, not quite to 4.5%. And the 30 year, guess what? That was up seven basis points to 5%. That's the magic number that was causing some hiccups in the equities markets and the risk markets a couple weeks ago. We'll have to see if that causes any more disruption here. Also, the US dollar index very close to year-to-date lows. This is just a one month chart, and I gotta move on here, but that would also be a near three-year low. So, something interesting there. We're seeing commodities rally quite a bit. I'll be getting into that with Josh in about 30 minutes or so. For the time being, energy is up 1.3% on the back of WTI crude oil having its best day in weeks. Tech is second. That's XLK, then you got materials and communication services rounding out the top four. All of those outperforming the S&P 500. And let's take a peek inside the NASDAQ 100 where meta is the standout right down there, 3.62%. And also alphabet and Tesla. So alphabet down 1.58%. That's Cisco, but alphabet down 1.58%, and then we got Tesla down 1%. I'll leave us on the Dow here and we got a little bit of a mixed board, but much better than when we started out the day. On the opening bell I was looking at a lot of red towards that right hand side of the screen and a little bit more green now into the close. After the close.
