The VIX (SP500 volatility) is off 1.03% to 24.03, while VXN (Nasdaq vol) is down 1.29% to 29.18.
Oil's up 1.41%, gold's up $19, silver's up 3.9%, copper's up a huge 4.65% and ag's tinted red this morning.
The 10-year treasury is trading notably higher (yield lower), while the dollar's flat.
Our core portfolio, with silver, energy, utilities, materials (equities) and Verizon leading the way, is having a very nice morning thus far (relative to the major averages), up .61%.
The tech sector continues to be the huge winner in 2020, so much so that it is the dominant (in record proportion) reason the S&P 500 finds itself now positive by 2% on the year.
To really appreciate the impact of what is now the highest concentration in the largest 5 members of the S&P 500, here's Bespoke Investment Group illustrating the impact they've had on the performance of the index this year vs the other 495:
That's astounding, and, by the way, is representative of anything but a healthy market...
Have a great day!