September/October Are The Cruelest Months

The 10-year yield hit its highest level since October 2007 and the U.S. dollar index hit new 11-month highs. Earnings estimates are going up at the fastest rate in two years, notes Adam Johnson. He talks about how the Dow fell for the fourth day in the last five. He goes over how everyone knows “Sep/Oct are the cruelest months” so algos are there to short gains and pressure negative news. He looks at how Big Tech (FAANG) and Semi-Big Tech (CRM, PANW) and AI (NVDA, SPLK) is working well. Tune in to find out more about the stock market today.