Yahoo Finance

US stocks closed mixed as investors assess tariff policy shifts and look ahead to fresh inflation data and Yahoo finances. Jared Blickre joins us now with the trading day takeaways. Jared.

Thank you, Josh. We got to talk about Powell speaking first. He took the stage earlier today. He was in the Senate, and I went back in time. By the way, this is called the Humphrey Hawkins testimony. This has been done forever. It's twice a year that Powell, whether it's him or someone else, the chair has to go twice a year. So he's done this now 14 times before, and I looked at the seasonality of these days. And again, he does one day in the Senate, one day in the house, and sometimes it's reversed. But here I have day one versus day two. Day one is this white line here, and you can see it usually gaps up and ends just slightly in the red. And then day two also gaps up, and then it kind of has a different zigzag pattern, but ends the day turning up. And believe it or not, today actually kind of looked like day two, just a little bit if you shifted it down. The main point I want people to take away is that these days can look very different. We also have CPI tomorrow, which is a huge catalyst for the market. I've been talking about the S&P 500, the Nasdaq just consolidating for weeks and weeks. Is this going to be the breakout? We're going to have to wait and see. But before we move on, I want to also talk about Powell is mentioning D banking today. And this ties into an episode of Stocks and Translation that we talked about with Keith Bliss, and this is going to be released Thursday. He talks about the D bank phenomenon and Mark Andreessen, the venture capital guy. So let's take a listen to this.

D banking is real. It's valid. Andreessen is not just pumping up some conspiracy theory or dreaming about this. It's a real problem because today, you still in, even though there's a new financial system that's being constructed with cryptocurrencies and blockchain and digital assets, you still have the traditional financial structures that you need to interact with for an on-ramp and an off-ramp. Because still today, we're not going into your corner grocery store and buying all of the groceries with Ethereum or Bitcoin. We're buying it with US dollars.

And there you go. And so we do have that day two tomorrow. That's going to be coming, but also we have CPI, and that's that huge catalyst that we've been talking about.

Big headlines away. What about hot streaks in the market, Jared? I've been talking about with Julie. Meta was one, but I'm I'm guessing what else you're looking at.

Yeah, so we had a big coffee streak that ended today. Meta is a huge one. That that's still going 17 days. I want to look at 17 days. 17 days. Never had a Mac 7 that went up that that far. I am not a I'm not a meta man, but that is a boom for meta investors. KC equals F is our coffee ticker, and let's just show that real quickly. Had a pretty big down day today. I'll show you a two-month chart with some candlesticks so you can see. Had this incredible rise here, and this is leverage, like this is huge for a futures market. And then this big red candle there. Uh, I've seen this before, and a lot of times, that is just the end, and you get a big decline from there. I don't want to call it ahead of time, but the coffee, that coffee futures trend is over. Also over today is copper. Now, it was only up six days, but that's another big candle. And so I was thinking, you know, that kind of tried into the China trade, all that. So that caught my attention. But copper advancing copper, no longer a thing right now.

Copper and China, you've been talking a lot with us about. Any updates there?

Yes. So let me just get straight to that because I've been tracking what's happening in overseas markets since the inauguration, and let me put a 16-day chart. That's how many business days, that's how many trading days have elapsed since the inauguration. And I know this is an alphabet soup up here, but let me just break this down. These are all our international markets. HSI, caret HSI, that's Hong Kong. That's the Hang Seng. That is up 10% over these 16 days. Ibex, that's Spain. MX MX, that's that's Mexico. Then we have Jakarta. Then we have we have the DAX over in Germany. Then we have China. Then we have this emerging markets ETF that a lot of people are familiar with, EEM. Only down, you get to you got France. You got the Vise Bovespa in Brazil. Then we get to the Dow. Then we get to where's the Nasdaq? Nasdaq is way down here, barely positive. So and here's the Russell 2000, the small cap index in the US, barely positive there, actually just flat. So my big takeaway here is the rest of the world is doing just fine. It's the US which has struggled a little bit, but I would emphasize we're going through sector rotation. We got that big catalyst tomorrow, and we'll have to see what happens.

Fair final Jared Blickre point.

That was it, my friend. I am I am all out of points because once we once we cover the international markets, I am done here. So we I can

Did it surprise you that the move we've seen in the international markets?

Yeah, because I don't think anybody would have said, "Okay, Trump's going to take office, international markets are going to take off from here." So yeah, surprise.

Thank you, buddy. Always good to see you.

Pleasure.