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There's the closing bell on Wall Street. And now it's market domination overtime. Jared Blickre going to be along in a moment to get us up to speed on the details from today's trade. I'm going to start with the major averages. There's enough action in the major averages alone to, uh, to let's talk for a few minutes about because we saw an enormous swing in the major averages today between the highs and the lows of the session. We came out of the gate strong, looked like we were going to see that much awaited bounce in the markets today after some heavy selling that we've seen as of late, but it didn't last and we saw markets fade by the end of the day. The Dow was through the last to, uh, give it up here today. It looks like right now it's going to end the session down more than 300 points about 9/10 of 1%. We saw around midday the White House confirming or just reiterating that the tariffs that will be enacted and effective on China as of midnight will be 104%. The president commenting, he was awaiting a phone call from China that he says has not come even as negotiations with other countries appeared to be beginning. So we saw rollover in all three major averages. The S&P down 1 and a half percent on the day. Again, a huge range between highs and lows, a historic one even. Um, and what's interesting is it's not just today. We have seen that range really over the past few sessions here, big daily ranges between the highs and the lows, which is quite unusual here. And then finally, I'll end on the Nasdaq. Of course, we've seen that range in the Nasdaq as well. Today that, uh, ended with it down more than 2%. Jared, I know you've been looking at this big swing that we've been watching as well.

Yes, easy come, easy go. Look good at the open and doesn't feel so good by the end of the day. That is the nature of a bear market. So I don't think we swung into it officially in the S&P 500, but we are very close and it certainly feels like it. Let's check out the VIX because I've been laser focused on that. I'll give you a year-to-date chart. You can see yesterday it opened at 60, that red bar means it sold off, but today it has rocketed back up. That just tells me that there's a lot more institutional hedging needs and a lot of pressure on the market right now, and we don't see that subsiding anytime soon. Here's the bond market VIX. That is just skyrocketing as well. And, uh, you take a look at the 10-year T-note yield, that was first plummeting and now it's rocketing upwards. It added up 35 basis points over the last two days. All of this volatility puts a lot of pressure on risk markets, meaning stocks, which is, uh, why you're seeing all this red here. So all, all 11 sectors are in the red today. Financials, the least bad, and the worst of them is materials down over 3%. Then we have real estate, consumer discretionary, energy, and tech, all down more than 2%. And let's take a look at the Nasdaq 100 for a look at the mega caps. Only Broadcom in the green here. That's up 1%. Tesla down 5%. Apple also down 5%. The others a bit less. And we do see a smattering of green. So not quite as bad as some of the other days, but definitely not good. And then in the Dow, we see JP Morgan up 1%, United Health, that healthcare play up 5.6%, and a few others, but, uh, nothing to really write home about. And then we can also take a look at some of our leaders here. Uh, aerospace and defense, I, I was noting this the other day. It was the last to really capitulate to the downside. It was holding up pretty well. I'll show you a year-to-date chart. Uh, just fell off of the bridge with everything else a few days ago. That is up slightly today. So that's kind of a defensive position, interestingly. But everything, just about everything else here in the red, led down by cannabis and solar and biotech. So interesting combination right there. And on that note, I'll throw it back to you, Josh.

Thank you, Jared.