00:00 Speaker A
The S&P 500 snapped at six-day winning streak as tariff relief rally fades. Yahoo! Finance's Jared Blikre joins us now with the trading day takeaways. Jared.
00:08 Jared
Uh, you know, I got to begin with the 30 year which hit 5% again. And this brings me to my first takeaway. Treasury auctions are the new CPI. And just stick me stick with me for a second here. I'm going to show you the 30-year first. This is a chart of the intraday price action, uh, in the yield. And you can see, just fell short of 5%. If I put on the two-day, again, you can see it actually exceeded that yesterday. And meanwhile, the dollar is slipping. And let me just find that right here. You can see the dollar going in the opposite direction. But why uh why would I say treasury auctions are the new uh CPI? That's because everybody's going to be watching these things. The demand for global, the global demand for US debt is going to be a key factor, and it's going to be moving not only the bond market, but also the stock market. And this is the schedule. I broke this down earlier in today earlier in the day. And this is just a rough monthly schedule. Now, next week, the last week of the month, we're going to be looking at the two-year, the five-year, the seven-year. Those are important right here, but the real show is going to second week of the month. So we're still a few weeks away from that, the three, the 10 and the 30. Everybody's going to become a bond market expert. We're going to have a bunch of them on the shows. That's my prediction, but that's basically what's going on here. And it just kind of speaks as to the weird action we've been seeing. You know, stocks were down today. Gold had its uh best day in a few weeks, and in fact it's having its best week. It's only Tuesday. Gold's having its best week in six weeks, and uh, meanwhile, Bitcoin's up as well. I don't I like to throw that in there, but that's kind of bucking the trends. So, strange things happening.
02:33 Speaker A
Strange things happening. Stocks, meanwhile, still really near those record highs, of course.
02:37 Jared
Yeah. And that brings me to my second point is that record highs are in sight. And in fact, we saw a record in the industrial, large-cap industrials, XLI hit a record high only yesterday. So, let me just show you the sector action, and I'm going to show you how far we are off of the 52-week highs. Everything's in the red because this is down from the maximum high. So, industrials off a little bit, but they hit that record high yesterday. But you can see how close utilities are, and staples, and even financials. And just really interesting to see a broad swathe of sectors, albeit some of these are defensive ones, really so close to these record highs. And by the way, the S&P 500 and the Nasdaq 100 are within 4% of record highs when we're just seeing these flashing yellow signals in the bond market right now.
03:45 Speaker A
All right, so flashing yellow signals, added up, what is an investor watching this to do?
03:54 Jared
Well, there's nothing average about this, but it gets back to Warren Buffett likes to talk about dollar-cost averaging. And I had the opportunity to sit down with Tom Hayes over at the New York Stock Exchange, and uh we were talking about various investment strategies, but when it comes to dollar-cost averaging, that's just kind of adding money, whether it's from your 401K, or just from your piggy bank, your savings account, transferring that to your 401K, to your trading account every few weeks. That's a pretty good way to go. And here's what he had to say about it.
04:33 Tom Hayes
I think the number one thing, like anything in life, is to be consistent. So if you're just buying the overall indices, like a a VTI, Vanguard total market, uh or an S&P 500, buy it every single month, a fixed amount, okay? And the months that you really don't want to buy it, where your stomach is turning, you're afraid you're going to lose your job, whatever it happens to be, those are the months you should buy double. Because uh when you buy down, you get more shares and over time that compounds material. So dollar-cost averaging, that's kind of your base, you know. Put the majority of your money to compound that way.
05:36 Jared
And there you have it, dollar-cost averaging.
05:40 Speaker A
And do you dollar-cost average?
05:42 Jared
Every two weeks, my friend.
05:44 Speaker A
All right, thank you. Appreciate it, sir.
05:46 Jared
All right.
