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investors digesting the latest econ data that we got out this morning. That jobs report coming in slightly below expectations here, unemployment rate ticking just to the upside, introducing a little bit more uncertainty into the market. This, of course, following some of the fears regarding tariffs, the policy coming out of Washington this week. Also some of that concerning sentiment survey data that we have been getting. Fears of an economic slowdown, that clearly has been reflected in the market as of late. Now, here we are at the open. Now we are seeing a bit of a pullback here across the board. You have the Dow opening up just off about four-tenths of a percent. You have the S&P also in negative territory. Now this downward move is a little bit of contrast to the initial reaction that we saw to the jobs report right at 8:30. We initially saw some relief that quickly reversed here. Now here we are in the red once again where we have been many times over the last several trading days. And then that NASDAQ falling into correction territory yesterday. We are seeing some further downward pressure there again today. Taking a look at the bond market and the reaction that we saw there to that jobs report. We are seeing a bit of a move to the downside. You got the 10-year yield right around 4.22. Quickly taking a look at the sector action here this morning. At the start you have energy, utilities, real estate, the only sectors holding on to slight gains here at the open, a lot more time. But you have industrials, you have consumer discretionary, financials, among the worst performers so far today. Taking a look at that five-day chart, this tells us, it gives us a better idea of the degree of that selling action that we have seen so far this week. All of the sectors are in the red here this afternoon or, excuse me, for the week here. You do have financials off just about six percent, the worst performers so far this week. Consumer discretionary, energy as well here. So again that downward movement that we have been seeing playing out once again today. We'll see what that brings, but again, some concern here to say the least has been introduced here to the market. And of course, investors trying to figure out whether or not it's time to buy following that move to the downside. Let's quickly get over to Jared Blickre for a closer look at some of this movement that we're seeing at the open. Jared.

Yes, Shana. I I just wanted to linger for a second. I was going to hit the sector action, but you hit it. The weekly, they're not looking too bright. Financials, discretionary, tech. So mix of value and growth leading the way down. But I'm going to go back to the indices. Uh, we just had the worst day of 2025 yesterday in the S&P 500. Let's put the year-to-date on. You can see we're down for the week. And it's actually the worst day since the worst day since December 18th of last year. And that was a Fed day. I keep referencing that a lot because that was a big down day. Nasdaq Composite also falling to a five-month low, but I want to move on to the VIX. And I'm going to be doing a deep dive in the VIX in about an hour here or in the 10:00 a.m. hour. And what I'm noticing here, a lot of times the VIX, when it spikes up, sometimes it'll come back down really, really quickly. Put a one-year chart on, you can see just one or two days to the upside, followed by a big down movement. We are seeing the VIX very comfortably staying above 20, and that just tells me we might be in for a prolonged period of volatility. If it drops back below 20, that takes a lot of pressure off. We can also take a look at bond market volatility, the ICE B of a move index at the highest level since November. So that's a very similar story. And I also want to show you what's happening in the US dollar, which is now down five days straight. This is a one-year chart. I'll show you the year-to-date, and you can see since the year began, it has been a steady, steady drop until recently when it got a lot steeper. So let's get to, let's get back to some heat maps here. We already did the sectors, so I'm going to move on. I want to take a look at the Nasdaq and just kind of focus on the MAG 7 for a second. We have most of them under pressure. Broadcom up 5%, not technically MAG 7, but it does have the market cap horsepower. But I want to show you what's happening with Tesla. Tesla is now falling within a few percentage points of its November 5th breakout, and that was the election day. So all of the Trump bump here is getting priced out. We're not quite at that level just yet. We're at zero, but we're pretty close. And a very similar thing could be said for Microsoft, for Amazon, and also Alphabet. You take a look at Amazon. There are all those photos of Jeff Bezos with Trump and the election. That bump, though not as big as Tesla, that is getting reversed as well. So let's move on. I'm going to close with Bitcoin. That has been a pretty good risk barometer recently, under a little bit of pressure today. And let me get back to an intraday chart. You can see really not that much reaction off of the 8:30 a.m. report. Maybe Bitcoin operating on its own fundamentals today, but not a leading indicator. Only takeaway here, holding steadily under 90,000. And the support level to watch is in the low 80s. So we'll keep an eye on that.