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Is bad news. Good news. Hi everyone. Welcome to the Real Vision Daily Briefing with me today's Tony Greer editor of the morning navigator newsletter. Hi, Tony. How you doing?

I'm good, Maggie. How you doing today? I'm okay. I'm okay for a Tuesday and looks like everybody else is feeling okay too.

We had an update for stocks, but with the Nasdaq and the S&P up over 1% looks like they actually may have ended.

Sort of with the strongest levels of the day, bond yields lower, the dollar lower after some week jobs data.

What's top of mind for you this Tuesday?

Yeah, that was, you know, to me, it's the market is sort of working its way out of a waterfall that we just traded into, right?

The market to me was tense about a couple of things, including Japan, relaxing yield curve control, including the Fitch downgrade of US debt.

In my opinion, that had a direct effect on the bond market. I don't care what anybody says, but neither of those things should have been fatal for the US stock market.

And neither of them were right middle of August. We saw a dip to 4350 in the S&P right into moving average support.

We saw a VIX spike to 19. We saw our yield curve flattened two year yields rise above 5% all the typical panic type stuff.

And we worked our way out of that, right? We saw a selling. We saw a pullback in and moving averages. We saw a sentiment go from extreme fear back to, you know, negativity and a little excuse me from greed back to neutral back to a little bit of fear in the markets.

And we bounce out of that, you know, that's traditionally when you should be buying stocks and things are no different on this breakout rally.

You know, technology everybody wanted to sell Nvidia, you know, call it a high after they printed their third quarter earnings and the stock traded up above $500 and had an outside day down and things like that.

But Nvidia still had a 6% to back to back 6% gains right last week in the week before.

So that rally clearly isn't over just yet. It had another. So I think another really strong rally today. I think it was almost a two sigma rally today.

We're rallying sharply behind tech as rates fall, right? That's something that we've seen before something that we've discussed.

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