00:00uh we'll start here with the s p 500 um and the broader market here we are flat to slightly red
00:13on the futures here s p futures down 0.06 this morning dow futures doing their best to hold on
00:19to green here up by 0.04 and the nasdaq here down 0.0 so relatively flat a little bit under pressure
00:28as some of these are in the red but the reality is is we are clearly waiting for the fed decision
00:33today and like mentioned earlier perhaps more importantly the reaction uh to the conference
00:39and what the market actually does that's what's really what's going to determine where we go next
00:44uh and all of that let's take a look at some cues from last session sectors with the biggest losses
00:49on tuesday included utilities real estate and information technology contributing to a mostly
00:55lower close for u.s stocks bucking the trend was consumer discretionary and energy stocks
01:01the federal reserve's expected cut on wednesday would be the first reduction since december of 2024
01:07as it arrives with the stock market indexes hovering near all-time highs so i'm going to go back
01:13since eks already did the work for our group i'm going to go ahead and put that fun fact right back
01:18on the screen here so remember we are expecting a cut we are right near all-time highs
01:23positive economic data showed u.s retail sales rose six tenths month over month in august
01:30topping expectations while u.s industrial production rose one tenth beating forecasts for a decline
01:36the nahb wells fargo housing market index came in steady at 32 now in some specific company news
01:45davin busters ticker p-l-a-y papa lima alpha yankee posted weaker than expected results for a second
01:52quarter and ended up getting hammered there um also president trump arrived in britain on tuesday
01:59evening for his second state visit uh apparently this is a rarity presidents normally only get one
02:05and he was greeted with royal pageantry and the announcement of a multi-billion dollar u.s
02:10technology investment in the united kingdom they've been playing it all morning here on cnbc if you're
02:15into the whole uh royals and ceremony and all of that uh big thing here uk really doesn't want to
02:22get left behind on ai and it appears that the united states is going to invest and help uh that
02:29cause we'll see how this all shakes out and see what it means for some of the stocks investors await
02:33the federal reserve open market committee decision that's scheduled to be announced here this afternoon
02:38the 10-year bond yielded 4.01 percent and the two-year bond yielded 3.5 percent now the thing to
02:46watch here in my opinion is going to be this 10-year yield if this 10-year yield dips below 4 percent
02:53after this decision here today i think it's possible that the market actually continues to trade higher
02:58here i suspect that if the bonds cooperate here today the stock market will follow we'll see what we
03:05get i don't i'm not positioned for it so i have no prediction on deck but this is absolutely going
03:10to be one of the things that i'm watching here today
Comments