Oops! My Apologies

Evening Debrief - 4.8.2026

By Riley Rosebee

April 8, 2026

Folks!

My apologies.

Today's live stream failed to launch due to connectivity issues.

I recognize the irony. It's hilarious really. The kid touting flying cars has wifi issues. How about that. ;)

We'll review today's tape, but first I want to share the slides ready for this afternoon's session. Click here.

Onward.

The market of stocks soared as the conflict in Iran appears to be "under control." I remain cautious as the fog of war is still in full force. Who know what's actually happening. "Only price pays."

Every major index gained at least +2.50%. The small-cap Russell 2000 rallied nearly +3%.

Energy was the only negative sector. $XLE unplugged -3.50%. The ETF is still up +30% YTD.

Industrials advanced +3.75%. Basic materials and technology gained +3%.

Aerospace and Defense flew +4%. $ITA looks to break above its March 2nd, all-time high AVWAP. Here's the daily chart.

Space is the new frontier. $UFO found a fresh all-time high, gaining +3.18%.

Corning - the precision glass manufacturer - popped +11% and closed above its February all-time high. Clear skies ahead.

Broadcom followed through on yesterday's +6.21%, surging another +4.99%. $AVGO closed at its highest price since mid-January.

Tesla stands out in today's tape, and not in a good way. $TSLA tumbled -0.98% and closed at its lowest price since last September.

We're seeing an expansion of relative strength, but not out of the woods yet. It's irresponsible to assume the market of stocks will scream to all-time highs.

This is a traders market.

Here’s the daily S&P 500 heat map.