major indexes look to recover from a three-day tech sell-off. This downturn was triggered by disappointing earnings from some of the"Magnificent 7" tech companies.Over time, we are joined by Jared BL to get you up to feed on the action from today's session.
That dynamic appears to be continuing, definitely going to do a deep dive on that in about 30 minutes with Josh.The two sectors that did the worst were the ones that were leading down yesterday and were both off by 4% or so.And if I put a two day on, you can really see the loss is quite extensive there.I could put the two day on here as well.
So overall, the market we think is at least a couple percent overvalued at this point, I think the market can stay over valued for some amount of time until there is a catalyst to cause it to correct.They trade actually at about a 7% discount to a composite of our fair values.Some of those names anywhere, easily a 15 to 20% discount to fair value.It hasn't quite gotten to a correction as of yet, David, but I'm curious what you think.Well, it's really hard to see right now.
I think it is interesting this week, you know, Google mentioned in their conference call that the risk to them right now isn't spending too much on a I. Personally, I would still steer clear of the urban office space, but I think that much negative sentiment has brought down a lot of those names relatively unfairly.
And I'm just wondering, demand wise what you're seeing on your end in terms of the pace of construction of this stuff.I mean, everybody in the technology sector that is building the infrastructure, you know, these companies that used to be selling software are becoming industrial companies. And so we just have to find ways to counteract those limiting factors like labour And And what about energy as a limiting factor?
There's, um you know, the buildings that we're building the advanced manufacturing buildings are really focused on all clean energy.So I think, um, there's a lot of talk about that. I think, you know, I immediately sent a email out to all my, uh, contacts and my donors and the the excitement kind of surprised me.The financial team of the campaign responded very quickly and pivoted, and it's It's been, uh, energising.Um, as you know, there are a lot of business leaders, particularly in technology, who've come out, um, and endorsed Donald Trump for for re election.
Former President Trump gave his plan to tackle the issue of high prices in a speech at the RNC last week.Joining us now on this Yahoo Finance Senior market reporter.So what is what is with this plan?And can trump, uh, persuade these companies to drill more.The consensus is that right now, energy companies are focused on two things.
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