 Okay, hi guys. Just had some breaking news come out in regard to the vaccine Just going to jump straight in at the charts. You can see here DAX on the left now up 750 points The S&P 500 has smashed through 3600 and in fact in terms of the S&P 500 here now We are in all-time high territory We've broken through that peak that we saw at the beginning of September and we've just printed up now at 3651 and a quarter so fresh all-time highs now in US indices Gold getting hit and also the US 10 year down at the bottom corner here as well under quite a lot of pressure Here you can see the US 10 year has fallen the best part of a full point in terms of gold prices We've also come under extreme pressure here breaking through that key support level. We're looking at this morning So you've seen a decent 65-type dollar move now in gold futures and WTI crude spiking more than 7% of the upside to get close to $41 which was the high that we saw back up at around mid to late October why is all this happening? Vaccine news has just come out and here it is here are the headlines Pfizer vaccine prevents 90% of COVID infections in a large study is being reported on the financial news wires Pfizer and BioNTech vaccine two months safety data is due in about a week and Phase three trial so it shows no serious safety issues. The market is loving these headlines Person who's not of course is Donald Trump because after the market rally last week Led by the Biden victory in the kind of split Congress and the notion of probably a lack of real Fast change on any policies coming through from Biden now. There's positive vaccine news So interestingly when you're looking at these charts the one equity index, which is underperforming this move is the Nasdaq If you look here the Nasdaq Momentarily spiked up and has started to sell off and it's sold off here to quite a key technical level We're looking at this morning You can see from this rectangle I've had marked up from the previous highs that were going into the election So the gap up that we saw at the recommencement of trade overnight We've come back and touch that level before a bit of a bounce Reason why the Nasdaq is bucking the trend obviously these big mega cap tech names tend to benefit from a pandemic situation Over the rest of the broader market They're just better equipped for that type of environment as we've seen since the onset of the pandemic Right at the back of the beginning of the year. This is well in context of that phenomenal run-up We've seen the Nasdaq of course outperform led by this big cap Tech names and a little bit of unwinding of that trade intro day makes sense on the back of those headlines So I don't think this changes the longer term picture. I still think tech is looking good for the foreseeable future But in the day trading environment, certainly short-term rotation out of some of those tech names Fueling elsewhere then the likes of the S&P and so on Oil's arguably seen the biggest move of course as we just saw more than 7% rally It's found a bit of resistance around that previous price points of significance around just shy of the $41 handle in the futures So yeah, breaking news. Just wanted to share that with you We're gonna be covering Extensive detail throughout the rest of the session, particularly the US Open on Amplify live So check out the link in the description of the video if you're seeing it there And you can listen to us commentate over this and share the trades that the guys are doing in real time That's it. Enjoy the rest of your day. And yeah another positive Development for markets and for Joe Biden. It would appear on the surface I guess the final thing I would say is just be careful if you're just coming in and seeing this move late Don't get caught trying to just trade into a move that's already largely develops Because you could be chasing something where the moves already Kind of happened at this point in time. I'd say better thing to do is just wait now Let's wait for the US Open in a couple of hours and let's see what happens at the open on the New York Stock Exchange later Okay, guys. Have a good day