The rally itself to resuming, but weakening into the final stretch, all following yesterdays steep selloff, perhaps on continued hopes today and expectations of rate cut sometime later this year. We are going to bring in our experts on all of that in just a moment. Let me show you the major outages. We have been green all day but weakening as we enter the final stretch. We are Still Holding on, but the dow is only good for about 15 points. Nasdaq has been the out performer. Cut those gains in half, the mega stocks, many of them bouncing back. Nvidia is still positive moving toward 900 a share. Meta is in the green, as well. Apple, microsoft, alphabet, tesla, are all ready now. How about crowdstrike . Those shares are higher after his own earnings report. A lot coming in after palo alto and that stock went down, not so much for crowd. A lot in todays session, near 11 . That takes us to the talk of the tape, rally and risk, how many are front and center, given todays developments. Lets w
The nasdaq and small caps. Steve, now weve got to Pay Attention to this move in rates and how quickly they are going to rise. Thats the quickly they are going to rise. Rates going up alone, particularly when youre in such an accommodative environment they matter, but dont matter all that much, but the rate of increase, like the rate of anything is really whats hitting the markets. So youre also having right now europe is sort of not back away completely from qe, visibly that much that you can see, but they have cut back on the buying. Youll see a press Conference Tomorrow interesting to see what they say because the strength there is very, very strong. So i think overall when were done with this, that with the rapidity of it, that the market is a buying opportunity because it always has been and still the best place to put dough and you have to be crazy enough to have a cautionary outlook on it and maybe cash. You look at the lows of the day now for the dow down 132 and it really is a