Tech Is Carrying the Market Again

It's Chuck, Mark, and Tucker with you here.

And again, relatively quiet overall news day as far as scheduled releases.

We get some EIA data coming out at around 1030 a.m. That's going to tell us a little bit about what we're sitting on as far as crude oil products, things like that.

It's something we've been monitoring all year because, well, oil's kind of been important all year.

Other than that, we get Fed minutes at 2 p.m.

I can't imagine we're going to get anything shocking inside of them, but we'll see.

And earnings, pretty quiet today.

Tomorrow we start to kick into Q3 earnings.

We got Pepsi, Progressive, and Delta reporting, BlackRock on Friday.

But really, earnings aren't kicking off in earnest until not even next week.

It's really the two weeks after that you kind of get into the heavier items.

So I think overall it's something where, yeah, it's a pretty quiet week as far as the schedule of things out there.

But you still have markets that are moving quite a bit.

In particular, what we're seeing in bonds is nothing short of concerning, I think.

Equities down a little bit today as well.

Again, I think that the piece on equities that is challenging right now is it's exactly what this Wall Street Journal piece, the headline is.

The S&P 500 hits a new record high powered by tech and not much else.

And basically what you have, the S&P yesterday hit a new all-time high intraday.

It closed at, I believe, a new all-time high as well.

Or were we just shy of it? I can't remember.

No, we closed at a new all-time high as well.

And so you look at it and you're like, wow, this is a great market.

But the average S&P 500 stock has not had a good run the last few months in particular.

And even this year, it's been messy.

You take a look just on a sector-by-sector basis at how things have performed this year.

It's Chuck, Mark, and Tucker with you here.

And again, relatively quiet overall news day as far as scheduled releases.

We get some EIA data coming out at around 1030 a.m. That's going to tell us a little bit about what we're sitting on as far as crude oil products, things like that.

It's something we've been monitoring all year because, well, oil's kind of been important all year.

Other than that, we get Fed minutes at 2 p.m.

I can't imagine we're going to get anything shocking inside of them, but we'll see.

And earnings, pretty quiet today.

Tomorrow we start to kick into Q3 earnings.

We got Pepsi, Progressive, and Delta reporting, BlackRock on Friday.

But really, earnings aren't kicking off in earnest until not even next week.

It's really the two weeks after that you kind of get into the heavier items.

So I think overall it's something where, yeah, it's a pretty quiet week as far as the schedule of things out there.

But you still have markets that are moving quite a bit.

In particular, what we're seeing in bonds is nothing short of concerning, I think.

Equities down a little bit today as well.

Again, I think that the piece on equities that is challenging right now is it's exactly what this Wall Street Journal piece, the headline is.

The S&P 500 hits a new record high powered by tech and not much else.

And basically what you have, the S&P yesterday hit a new all-time high intraday.

It closed at, I believe, a new all-time high as well.

Or were we just shy of it? I can't remember.

No, we closed at a new all-time high as well.

And so you look at it and you're like, wow, this is a great market.

But the average S&P 500 stock has not had a good run the last few months in particular.

And even this year, it's been messy.

You take a look just on a sector-by-sector basis at how things have performed this year.