Afternoon Note
Major indices took a dip earlier this morning but recovered into the green. The notable exception is the Dow Jones Industrial Average, which is being pulled lower by poor earnings out of UnitedHealth Group (UNH). Oil is also continuing to recover higher.

The Ten Year Treasury Yield (TNX) is up 3.8 basis points as it hits a critical level around the 50-day moving average of 4.32%.

The only sector slightly in the red is Health Care (XLV), led lower by UNH. Energy (XLE) is the leader and getting a boost from oil.

Magnificent Seven stocks are mostly trading lower, with Nvidia (NVDA) lagging as it is still reacting poorly to the H20 export restrictions.

Economic Data
The Philadelphia Manufacturing Index fell to -26.4 in April from 12.5 in March and below the estimates of 2. This comes as 39% of responding firms indicated lower activity.
Notable Points:

A reminder that markets will be closed tomorrow for Good Friday. Wishing everyone a great Easter or Passover.
| Tweet |
| 4/14/2026 1:32 PM | Out of the Shadow |
| 4/14/2026 9:49 AM | Impressive Session |
| 4/13/2026 1:14 PM | Software Catches a Bid |
| 4/13/2026 9:47 AM | Another Blockade |
| 4/10/2026 1:28 PM | Negotiations Approach |
| 4/10/2026 9:31 AM | LESS FEARFUL |
| 4/9/2026 12:41 PM | Time To Wake Up |
| 4/9/2026 9:41 AM | THOSE TACOS ARE DELICIOUS |
| 4/8/2026 12:38 PM | Coiled Spring Market |
| 4/8/2026 9:39 AM | MORE NAMES PARTICIPATING |
| 4/7/2026 1:29 PM | Awaiting The Deadline |
| 4/7/2026 9:41 AM | MORE NAMES PARTICIPATING |
| 4/6/2026 1:38 PM | Muted Signals |
| 4/6/2026 9:36 AM | RESILIENCE AND HOPE |
| 4/2/2026 1:27 PM | Calming Tensions |
| 4/2/2026 9:35 AM | LIFTOFF |
| 4/1/2026 1:45 PM | April Fools: Jokes on the Bears |
| 4/1/2026 9:33 AM | OILING THE SPRINGS |
| 3/31/2026 1:25 PM | Markets Rally on Easing Geopolitical Concerns |
| 3/31/2026 9:34 AM | SHOOTING GALLERY |
| 3/30/2026 1:36 PM | Mixed Monday |
| 3/30/2026 9:37 AM | THE NEXT PHASE |
| 3/27/2026 1:26 PM | Waiting for The Dust to Settle |
| 3/27/2026 9:59 AM | STRESSED & FATIGUED |
| 3/26/2026 1:54 PM | Thursday Dip |
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