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 |
| 12/4/2025 1:35 PM | Muted Action |
| 12/4/2025 9:43 AM | UPWARD BIAS ON HOPES FOR FRIENDLY FED |
| 12/3/2025 1:29 PM | Recovering from Early Drop |
| 12/3/2025 9:43 AM | TRYPTOPHANE KICKS IN LATE |
| 12/2/2025 1:31 PM | Intraday Bounce |
| 12/2/2025 9:41 AM | THE STREAK IS LONG IN THE TOOTH |
| 12/1/2025 1:30 PM | Markets Start on a Softer Note |
| 12/1/2025 9:38 AM | V FOR VICTORY |
| 11/28/2025 9:14 AM | THE MOST WONDERFUL TIME OF THE YEAR |
| 11/26/2025 1:15 PM | Action To Be Thankful For |
| 11/26/2025 10:12 AM | COILED SPRINGS UNLEASHED |
| 11/25/2025 1:17 PM | Incredible Session |
| 11/25/2025 9:51 AM | THE BAND IS PLAYING THEIR FAVORITE TUNE |
| 11/24/2025 1:24 PM | Encouraging Session |
| 11/24/2025 9:38 AM | TIME FOR A LITTLE BIT OF LUCK |
| 11/21/2025 1:44 PM | On The Rise Again |
| 11/21/2025 9:30 AM | WICKED & PAINFUL REVERSAL |
| 11/20/2025 1:49 PM | Rally Fizzles |
| 11/20/2025 9:43 AM | JENSEN NUMBER ONE WITH A BULLET |
| 11/19/2025 1:12 PM | Marking Time |
| 11/19/2025 9:49 AM | HERE HE COMES! |
| 11/18/2025 1:10 PM | Investor Angst |
| 11/18/2025 9:35 AM | ANXIETY THICK ENOUGH TO CUT |
| 11/17/2025 1:28 PM | Stocks Wobble |
| 11/17/2025 9:21 AM | Fighting Spirit |
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