Flirting with 2 . Your two year treasury note now at about 1. 5 . Crude oil, we will get that data showing inventory levels expected to rise. Remember, all of the gains we had, nymex crude as well as brent, and saudi arabia come all of the gains are raised. Now we are looking at more of a demandside issue. Keep an eye on the transport side. Down transportation average down 1. 5 percent. We were down more than 2 yesterday. Last week Cantor Fitzgerald recommended folks going on the transportation average, shorting. A lot of people laughed it off. Right now that average down more than 4 . Worst twoday decline we have dowto have had on the transport since december. Guy there are weird things going on in this market, but we are certainly seeing equities spooked by this growth story. The ism and you factoring terday putting the cacs what the market feels is really on edge right now when it comes was a punchy month on the downside for european equities and Global Equities peered what is weird
Points you were talking about down about 1. 8 for the dow and s p, down 2 for the nasdaq s p indicated up by 7 points this morning nasdaq indicated up by 30 points overnight in asia, some weakness in stocks there, too probably started by what happened here. The nikkei actually ended flat the hang seng was off by three quarters of a percent. The shanghai was down 0. 8 in europe, where there is active trading taking place at this hour, you will see there are green arrows across the board. The biggest gainer of the three major averages is the cac up three quarters of a spent. More modest advances for the ftse and the dax treasury yields will be watched closely. Treasury yields went into a free fall on the feds report yesterday or the idea that it would be one and done. You can see the tenyear barely held on to a yield of 2 that was the weakest level in three weeks. This morning trading back to 2. 04 . There were two key words that sparked a strong reaction from the markets and President T
Break a fiveweek win streak one name that is moving higher, though, is nvidia, up again in the premarket after adding more than 200 billion in valuation following that big earnings beat elon musk reversing his stance on chinese ev tariffs, now saying he opposes the u. S. Moves on those autos lets begin with the markets after the selloff yesterday, jim. Lot of things you could point to pmis some concerns about commercial real estate. Well, im glad you point out the second one, because whats happened is that weve got this feeling that the reason why the commercial real estate is worrisome is because theyre not cutting. Its kind of a chicken and egg thing. Yesterday was jarring. Here we go again durables, a little too strong. If i were jensen huang, i would say, darn it, i would have been up a hundred notthat he eve looks. Hes a pretty confident fellow but that stock would have been really huge and carried a lot of other stocks, but because the bonds Interest Rates went up so much, everyt
Tomorrow night and apple making a nice move today as well. So were going to get to all of that. I do want to begin with you, josh, because you have interesting new moves that you have made in this market, and the first one is you bought corning. Glw, trading right around a 52week high. I dont know, pennies away from that. On pace for its seventh straight day of gains. Amidst this momentum, why are you buying it now . So it might be a little bit short term overbought, but this is the type of tactical situation that viewers of the show know that im personally looking for. Im looking for really Good Companies that are at some sort of an Inflection Point where the buyers are overwhelming the sellers, and thats exactly whats happening here. This is one of the Oldest Companies in america, 170 years of innovation. Theyre in all sorts of verticals, life sciences, mobile phone and computer displays, specialty materials. But the real driver here, judge, is optical fiber. If people were around du
2000 joe, we know its about nvidia earnings this week, and a lot of things are continuing to rally s p above 5300 nvidia approaching 950 record high, copper. Its oppenheimer with their technicals suggest to position for an everything rally. I think there seems to be a degree of comfort on the part of the investors. I think its an important week, and obviously thats because of nvidia lets reflect back 52 weeks ago, and what did nvidia give us . A rally that ignited the technology rally over the last year i think universally, everybody expect the bar is incredibly high for nvidia this week. People are looking at nvidia and saying you have to beat and raise and in doing so you will light up the ai halo, which has been kind of dim since march the expectations are very high scott, when the exspeck taeugss are high and everybody already knows that, dont be surprised if they surprise you they have done it they have done it, right, just when you thought they couldnt, they did right i actually