Well, the S&P 500 Nasdaq closing the day higher amid optimism over trade talks between the US and China. And Yahoo Finance's Jared Blikre joins us now with the trading day takeaways. Jared.

Thank you, Josh. We got to start with the small caps because the majors didn't do a whole lot today, but the small caps have been soaring the last two days, and we've got a bit of a breakout that I want to chart for you. I'm going to start with the Russell 2000 here. This is a two-day look, and you can see it's up 2.25%. And here is a year-to-date chart. And you can see here, I've been drawing this for a number of days, and we have an inverse head and shoulder pattern right here. So we've just broken above, and just based on the measured move, we could travel this distance here, and that might take us, let's see, let's go to the six-year chart. And, uh, yeah, that could very well take us to a new record. So we'll have to see if that comes about. We need a catalyst, uh, but nevertheless, that's what I'm looking for. Also, just before we go, I wanted to show what was happening in Ark Innovation Fund because speaking of small caps, and this is a fund that has a lot of small cap members, or mid cap too. That has been up 10.73% over the last two days. Here's the year-to-date look, and you can see it has broken out of this consolidation too. We've seen a number of breakouts. These just happened to be the latest that we've seen over the last few weeks and maybe some to go.

I bet some viewers are wondering, Jared, and we've been asking strategists on the show today, what is the next big potential catalyst for this market? You say what?

Hard data on deck. We're looking for CPI, and I did a segment with this chart earlier today. So I'm going to break it down real quickly, but you can look for that segment on yahoofinance.com. This goes back. This chart goes all the way back to the beginning of the bull market, uh, 10 of 22, so October of 2022. I'm looking at the green line here, and this stair step just tracks the market reaction to CPI. And you can see here the white line, by the way, is the S&P 500. And then right around the tariff trouble that we had in April, we had a huge drop, and I think it was just exacerbated by all the uncertainty. Uh, but I think it's going to be really interesting to track whatever happens this Wednesday. And, uh, potentially, you know, CPI has been a big market leader, and we'll have to see if that, uh, is a leader again to the upside or the downside. Also want to mention that, uh, I had the chance to sit down with Sam Ro today, and this is an episode of Stocks in Translation that breaks tomorrow. And we were talking about the hard data versus the soft data. Let's take a listen.

There's different ways to measure, you know, value in your lives, or happiness, and all this kind of stuff. Um, but from an investor's standpoint, um, things tend to gravitate toward back toward those fundamentals. And those fundamentals are driven by what people actually do, and what businesses actually do. And for now, at least, businesses are actually still investing in their businesses and consumers are still going shopping.

So it seems there's lots of complaints and lots of uncertainty, but nevertheless, the hard data show is still showing there's a lot of strong things happening in the US economy.

What other markets on the Jared Blickrey radar right now?

Guess what I'm going to put up there? Bitcoin, the double bluff. And I got to chart this one because I've been saying for a long time that Bitcoin is famous for its fake outs both to the upside and to the downside. And it seems we might have had a few fake outs recently. So that has that has to do with the double bluff comment that I was just making. Here is the year-to-date chart. So we just here are the old record highs. We just broke to new records right here, and then it looked like we had a breakdown here. And so I was calling this a fake break to the upside. But now we have surged right back into this old trading range. And so this is looking like a false breakdown. I think it's an easy bet that we get back to these record highs now because check out the price action over, let's do the last four days. This will cover the weekend too. Up 6.71%, so that's pretty good. But I haven't seen the most participation from some of the other markets. I'm going to show you the one month on our whole heat map here. If I show you the equal weighted view, we don't have a lot of leadership. And leadership is something that I want to see, and breadth is something I want to see with some of the other coins. And just real quickly, here is Ethereum. I'm going to show you the year-to-date on Ethereum. We've had a nice couple days, but Ethereum's still stuck in a range. So until something, some major catalyst, uh, kind of propels everything up, I think Bitcoin is just going to kind of meander around record highs, and I wouldn't get too excited about it just yet, but we'll have to see.

So you're saying a fake out followed by a fake out.

Yeah, yeah, why not?

Yeah, I like that. Thank you, Jared. Appreciate it.

You got it.