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as the dow tumbles 400 points and nasdaq now more than 10% off its december record high. now finances very own josh joins us now with the trading day takeaways. joshua

Hey Josh, yeah we have the nasdaq composite now in correction territory. That means the nasdaq composite has fallen more than 10% from its most recent record high. That was in mid-december. And what i want to show first here is just a look at that nasdaq composite chart, Josh. We were taking a look at this out in our newsroom and it really sort of shocked me. Normally when you get an index into correction, it might not happen quite this fast. When you think about all of the headwinds we've sort of gone through to start this year, think about your deep seat sell-off, right? That was a risk for tech. Even in video earnings is actually around here and a little bit of here, but not quite the bottom sell-off. It took this it took this tariff talk to really just say, you know what? I don't know what's happening with tariffs. I don't know where things are headed, but i don't want to be in the market right now, right? And that's sort of been the vibe over the last couple of days as we've had this deep sell-off, and it has been very, like i said, very aggressive to this point. And when you take a look at some of the names, Josh, i'll just go through a little bit of the nasdaq 100, and we can look at what's been going on here over just the past five days. A lot of winners from the start of the year now really starting to slide. So take a look at a palantir chart. Look at this year to date, if i can find it. We'll go for a year to date here. This stock Josh at one point had been up over 80%. It was roaring and then here's your momentum getting taken out of the market, right? And that's been a trend in a lot of these stocks member meta. Meta was up 20 trading days in a row at one point. That was here. Look at what's happened now. So you're just seeing a lot of momentum coming out of the market. People not wanting to be in this market right now and maybe de-risking a little bit as we have these growth concerns and again that tariff overhead.

What do you think so with all this red and the speed of it as you mentioned, Josh, what do you think helps change the narrative here?

I i mean, i think overall, you need more clarity on what drove this part of it, right? You need some sort of decision on what's happening with these tariffs, how long they're going to be in place, are they actually coming, what what products are they actually going to be on, right? I think the market is just having trouble sort of pricing, this price discovery has been a little bit of a troublesome problem for the market. It seems like right now that's been the key risk. Maybe growth data can help, right? Because that's also been part of this story, weak growth data and, but overall it seems like it's more geopolitical, or sorry, just political uncertainty kind of weighing on the market right now.

All right, share for point number two.

Point number two, we mentioned growth data. We're going to get some tomorrow and it could be a significant market mover. So we have the February jobs report out tomorrow morning at 8:30 and i want to take a look at this chart, Josh. So this looks at options pricing, essentially how much the market is saying the S&P 500 should move off the report. Take a look at payrolls over here. Expected to be the biggest move of any of the risk events that city's highlighting in this chart. Stuart Kaiser told us he thinks it's going to be or it's priced to be the biggest move on a jobs day in about two years.

So when that report hits, you think there's are there certain data points, certain key metrics where you think, okay, this is what you'll be glued to. This is what could move the market.

Yeah, so i think there's two sort of key numbers. So remember, the story has been economic data coming in weaker than expected, sending stocks lower, right? So net net, you want a stronger than expected jobs reports. So the expectations are for 160,000 non-farm payrolls to be added and for the unemployment rate to stay flat. If you get that, maybe things are okay. The risk question is, and people generally have, strategists have argued this week, the risk is probably to the downside given the concerns about growth. If unemployment goes to 4.1, if it goes to 4.2, if unemployment is higher than that 4%, that could be a big risk. And then if you see job growth less than maybe about 125,000, if jobs are significantly lower than expected, also a pretty big risk to markets.

All right, wait and see. Thank you Josh. Appreciate it.