Garrett Melson joins Diane King Hall at the NYSE set to get his vantage point on the current markets. He examines the gains between the Mag 7 and the "S&P 493" to break down the performance between them. Garrett doesn't see any let up in capex spend from the hyperscalers and says the market pessimism isn't making sense to him. On the more macro front, he sees a potential "pause and skip" for the FOMC. Garrett later looks at the jobs market, with a low hire/low fire rate continuing to limit job openings calling it a "linear cooldown" but not a cracking in the labor market.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – / schwabnetwork

Follow us on Facebook – / schwabnetwork

Follow us on LinkedIn - / schwab-network

About Schwab Network - https://schwabnetwork.com/about