Small-cap rotation, watch the yen surge: Market takeaways

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The major indexes (^DJI, ^IXIC, ^GSPC) closed mixed Thursday as they try to recover from a three-day tech sell-off. This downturn was triggered by...

analyzes the day's top market trends, discussing the rotation into small-cap stocks and Japan's financial markets which appears to be going through a"capitulation."The NASDAQ and the S and P 500 struggling to hold on to gains in today's trade, extending declines for a third straight day.We can assess what's next, and this is a post mortem here.This is a NASDAQ 100 this is fairly ugly.NVIDIA down eight percent alphabet also down 8% meta down 7%.

And then the Dow, which closed in the green, Um, up about two te Uh, excuse me up about 2/10 of a percent.And, you know, I was kind of talking about this with Julia earlier that when you take into consideration all the selling that we saw yesterday Well, now we're seeing rotation again.I'll tell you what I'm looking at.Like as as though this is already done.Whenever we get a Vick spike and this is a year to date chart, we see stocks fall off a bit.

Um, and then I'm gonna show you where it is now, because it's all the way back to 152 or thereabouts.Doesn't sound like a lot, but in currency terms, it is a lot.And, uh, let's just go over the last 10 days because over the last seven of these, it is down 10%.The Nike was actually in a greater position of higher returns than the NASDAQ this year, and so it's under a bit of pressure.They're always the first or excuse me.

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