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There is the closing bell on Wall Street, and now it's market domination overtime. We're joined by Jared Blikre in just a moment to get us up to speed on some of the details from the trade. I'm going to start with where the major averages ended the day, which has not much changed. Really interesting past, oh, call it 72 hours, right? Late Friday, Moody's downgraded the credit rating of the United States of America, the third of the three major credit rating agencies to do so. And I thought, um, when we talked to Sam Stovall of CFRA at the top of the show, he described it really well. He said, the first time that we got this credit downgrade back in 2011, if you think about a ping pong being dropped on a table, the first bounce is pretty big, and then the bounces get smaller from there. So the first bounce reaction back in 2011 was pretty big. Uh, then we had Fitch downgrade, and then we come to the reaction to the downgrade late Friday, which was relatively muted. Not any new information necessarily for the markets that the US has a lot of debt, and that debt servicing costs are not really coming down. Uh, the Dow up by 137 points when all was said and done, about a quarter of 1%. The S&P 500, very little change, just up a 10th of 1%. And the Nasdaq, even less changed, up two one hundredths of 1%. Was there any more movement under the surface, Jared Blikre? Tell us.

Well, I was watching that too. I was trading through 2011. It took four months for markets to return to normal. The VIX popped to 50, and it took until January to get back below 20. This is a very different situation. Sovereign debt is not the huge issue that it once was. I was looking at the VIX today, and we'll get to, uh, some bond market stuff and some heat maps in a second, but the VIX almost got to 20 on the open, but it's drifting down. I got some more thoughts on that. I'll share with Josh in about 30 minutes. Uh, it'll take a little bit of a time, a little bit of time. Here's a 10-year T-note yield, only up three basis points to 4.47%. It was up more on the open, and the 30 year. This has been my north star. I've been harping on what happens if it goes above 5%. Well, it did not close above 5%, 4.94%, still up on the day, uh, but less than 5%, so we haven't breached that key psychological level just yet. And more on that in 30 minutes as well. Let's check out the sector action, and for there we have healthcare, very defensive move, by United Health uh bouncing back. We're just talking to a strategist about that. Healthcare in the lead. Not much else making waves, maybe energy trading to the downside, 1 and a third percent. But, um, if you take a look at the Nasdaq 100, not a lot of outperformers or underperformers, in other words, not a lot of dark green. Uh, Microsoft just barely cracking that up 1%, Apple down 1.17, Tesla down 2%. But at the beginning of the day, this was a much different picture. Tesla was down about 4%, and, uh, this was a very, uh, red board. So stocks managed to climb back, and uh, the fact that we were able to overcome this Moody's downgrade in basically one day, and there's going to be more, a little bit more fallout, but I just think that speaks as to the resiliency and the different character of this market as opposed to 2011. Send it back to you, Josh.

Thank you, Jared.