Yahoo Finance

Let's get you a check on the markets here. You've still got selling pressure happening this morning off the back of the market being able to break that four week stretch of losses. We saw two days of trading to the upside. We had our markets ending in the green, and this morning, we're coming off of those highs. You can see here that we saw just a little bit of movement to the upside following the fact that we had entered into correction territory, if I can pull this out. So, you see this huge drop down. And then we did see a little bit of buying just two days worth. And now this morning, we are coming off of those highs just a touch here. You got your S&P 500 down about half a percent, but your tech heavy names in your Nasdaq down about eight tenths of a percent. A big question is whether or not some headlines coming of that, out of that Nvidia GTC conference, are going to be enough to bring in some buyers to these big tech names. I thought it was really interesting on Monday, we did see that buying coming in here into the market. We saw about 90% of the S&P 500 move to the upside. What didn't move to the upside, these big tech names. And you're seeing that continuing this morning. Apple, the only gainer on the Mag 7 so far. You've also got the likes of Nvidia down 1%. It appears that Tesla is, of course, continuing to be our biggest loser among the Mag 7. That off the back of that price target cut from RBC, as well as some competition from the likes of BYD. But interesting to see Apple moving to the upside, perhaps off the back of some news from them in terms of deal making. We'll also be discussing the outlook for deal making moving forward here. I just want to lastly end by taking a look at the Treasury market here behind me because it's been interesting to see some of the economic data this morning pointing to increased manufacturing and production in the United States. We saw that leading the two-year above that 4-3 level that it's been hovering at here. You can see right now, it's at around 432. Let's get to more with Yahoo finances, Jared Blikre. Hey Jared.

Thank you Maddie. I like how you're highlighting yesterday as a one of those 90% up days in the market. S&P 500 also had one of those days on Friday. So, that's two in a row. That's an impressive leap off the bottom here, and we're looking at a three-day view of the S&P 500 still holding on to gains of 2.35%, although that is less than we had yesterday. So, a lot of times we talk about turnaround Tuesday, uh things don't have to turn up on Tuesday. They can turn down too. It's a Tuesday to Thursdays is when you tend to get that trend for the week. Uh let's take a look at small caps real quickly. S&P 5, S&P 600, excuse me. Um that's only down 6/10 of a percent. We actually have the Nasdaq down a little bit more than that. The Russell 2000 futures were leading to the downside in the early market, the pre-market. But uh let's get to the VIX here. I've been tracking that. It's up a little bit off of the lows here. And again, this is a three day view, but not very much. The important thing is that we've been coming down off of the highs. This is a one month chart, and you can see the high in relation to where we are right now. Uh be nice to get below psychological number of 20, but that's not a huge deal for the markets. And let's check out the sector action and we'll go over here. We can see financials and energy the only two sectors in the green. Consumer discretionary, which has been very volatile since the election for that matter. That's leading the way down, down about 1%. But I've been watching energy, which uh is leading over the last three days. It's also up today. Uh it's up 5% over these three days followed by financials. So, we have an interesting mix of out performers. You can throw real estate, tech and industrials in there too. So, some cyclicals getting love uh as we finally find our feet and try to find our feet, I should say, in this little rally that we have going on here. Uh let's take a look at the Mag 7 real quickly. This is over the last three days. So, you see a lot of green here, not what we're seeing today. Um a lot of the Mag 7 stocks under pressure, Apple bucking the trend there. But you can see Tesla, another decently sized down day, down about 4%, but still not below recent lows. And I do want to get to futures before I go here because we have gold. Gold is rallying really nicely. It's up another 1.21% to 3,043 right now. So, it is just forging new territory. Uh fresh record highs here. This is a year to date, up up almost 15%. And it's been a very steady run for gold. And we can also take a look at silver, which is now at a four-month high. That's at $34.75, but that is knocking on uh the door of some some levels that we haven't seen in quite some time. I think you need to go back once we clear the recent highs, need to go all the way back to the post-global financial crisis era, and that's when you saw $50 silver. And we're still about 15 bucks from that intraday high.

Toss it back to you, Brad.

Jared, thanks so much. Really appreciate it.