 T F N N headline news update Good afternoon everybody. I'm telling you Brian coming alive from T F N And we reached the closing bell on a record territory day We got the SMPs closing out the session up 45 points. We almost hit the tick high man tick high was 52 89 We're sitting at 52 86 right now. That's a positive net gain of eight tenths percent in the SMPs NASDAQ 100 you're up 202 points in the futures up by 1.1 percent the Dow Futures right near 40,000 now cash down. You're sitting at about 39,000 500 nonetheless futures 39,000 938 right now and you got the Russell up by 39 points almost a 2% Increase you were up more than 2% at one point you pull back a little bit into the closing bell Bitcoin up by about 1,300 bucks you're sitting at 66,000 66,000 crude off a buck 27 at 81 47 gold one of the stories of the day on dollar weakness gold strength gold up $27 1 a quarter percent to the upside 21 86 70 we jumped in notes and bonds tenure up by seven ticks We're talking about a tenure yield of about four point two eight percent four point two eight percent on the tenure You jump over to the dollar index one oh three forty one You talk about a pullback man from one oh four and change early in the day There's your 2 p.m. Eastern time announcement and there is the press conference as you got the dollar dive and load A one oh three forty one on the dollar you jump over to the VIX as this market We almost got a 12 handle look at that 1301 on the VIX so much for higher highs and higher lows that might be the writing on the wall man Look at that decisive break of that trend line. We've been in Since December 13th, right? We've seen higher highs higher lows. That's just correlating the higher lows We've had and boom the VIX breaks right through that level was sitting at 1301 You almost got a 12 handle on the VIX the story out there the dot plots say the same for 2024 the rate stays the same five and a quarter to five point five percent But you go forward and rates might be higher for longer as we are dealing with a new environment folks in this economy And that's the story the benchmark rate going up to 2.6 percent The market likened the idea that they didn't take any rate cuts out this year as you lift higher in the equities Maybe they will next year the market can wait that out the market looking For what's coming down the line the next three or six months and according to the Fed They're gonna cut by the end of the year and the dot plot still say three But keep in mind nine of the 19 members actually are looking for under three cuts So there's some room for two there. We'll see where the data goes folks. Thanks so much for tuning in have a great night Have a safe night join me tomorrow 9 o'clock in the morning for another day of market action. I'll see you tomorrow folks. Have a great night