00:00 Speaker A

Lots happened in these last three days. So, I’m going to talk about stocks first, then we’re going to get get going to get into yields and then we’ll get into gold, both the digital and the physical kind. So, let’s uh dial up the Wi-Fi interactive here. I want to start with the All Country World Index by MSCI. This is a year-to-date chart. One year ago, we had just punched through to all-time highs, barely, but it was one and done because after that, we came down a little bit. Uh, the Dow had four straight down days. The S&P 500 did too. But what you’re going to notice here, this is just a little flag, a little blip here, and that’s what we call a bull flag and this is going to be a reoccurring pattern. I’m going to show you in some other markets in a minute. First, I want to get to the S&P 500. Um, this has come down. Now, there is an important level which has acted as support and resistance before. If you were to look at the intraday and con and candlesticks hard to see here, uh it actually touched this. And uh so it is bouncing off prior resistance. That means that these levels are intact, also happens to be the 200 day moving average. So that is intact as well. Everything’s pointing towards the possibility of a more bullish resolution, notwithstanding the weakness that we saw last week. Uh, want to show you what’s going on with the VIX. Uh, it popped up. Let me show you the five day. It popped up last Friday, but it came down just hovering above the 20 level. Want to see it maybe a little bit lower, but that’s a definite improvement from Friday middle of the day. Now here’s tech. I’m going to dial this back to a year-to-date chart. I’m going to show you a bunch of charts with flags here. Bull flags. That’s tech. Here’s the Mag 7 ETF, MAGS boom, Nvidia. There you go, very similar. That’s going to be in in forefront of investors’ minds uh over the next couple days. And then finally, here’s the Arc Innovation Fund. So, it’s not just a large cap, it’s also small tech as well in the disruption field. So broad-based strength in the tech sector, I think is pretty good here. Got to talk about auctions. 30-year yield finally dipped below 5%. That was a risk off event last week, but we’ve got two year, five year, seven-year bonds on deck in total amount of $211 billion. The big uh auctions are in two weeks, but there’s going to be a lot of focus on here because we had a failed, not a failed auction, but a bad auction here in the US last week and in Japan as well. Uh and because of that we’re seeing Japan potentially take some measures to uh, I guess uh reduce their debt size and that is giving the US dollar a little bit of a bullish tilt here. Uh that is up here, but it is still hovering near three-year lows. That’s something we want to take into consideration too. And with just a little time left, I’m going to show you what’s going on in gold. Let me get to the five day. You can see we are down a little bit. So gold is having its biggest slide in about two weeks here on the daily chart. But guess what? Digital gold still holding a hundred and 10,000, not quite up to those record highs, but it did punch through to record highs last week. And uh looks pretty bullish in its formation. So we’ll see if the leader in risk markets, Bitcoin, can lead again this week.