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Market Rotation: Tech Tumbles as Gold Hits New Highs · The SPY Trader

• 0:00
  Hello everyone and welcome back to the Spy Trader podcast !
• 0:04
  It is 2:30 pm on Monday , August 24th , 2026 , here in the Pacific time zone .
• 0:12
  I am your host , Barnaby Bullish , and I am so glad you could join me for our midday market checkin .
• 0:18
  It has been a bit of a whirlwind out there today as the market tries to find its footing .
• 0:24
  We are seeing a classic rotation where investors are moving away from the highflying tech names and tucking their money into safer , more traditional spots .
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  The Dow Jones Industrial Average managed to gain about a quarter of a percent today , closing at 53,417.16 .
• 0:45
  However , the S&P 500 slipped just over a quarter percent to 7,652.86 , and the Nasdaq Composite really felt the heat , dropping pointsevensix percent .
• 0:57
  It seems like the big growth stocks are taking a breather while defensive sectors like Consumer Staples , through the XLP ETF , and Financials , via the XLF , actually had a pretty good day .
• 1:09
  Why the sudden shift ?
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  Well , we have a huge week ahead .
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  Everyone is holding their breath for Fed Chairman Kevin Warsh's speech at Jackson Hole this Friday .
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  There is a lot of talk about a potential rate hike in September to keep inflation in check .
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  On top of that , trade news is making waves .
• 1:29
  We just heard about fifty percent tariffs on Canadian cars and steel set for 2027 , which is making industrial companies a bit nervous .
• 1:39
  We also have the national debt crossing the forty trillion dollar mark , which pushed Gold , specifically the GLD ETF , to a threemonth high today .
• 1:49
  Looking at individual stocks , all eyes are on Nvidia .
• 1:52
  Shares fell nearly three percent today to about two hundred and eight dollars .
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  That is a sevenday losing streak right before their big earnings report this Wednesday !
• 2:01
  Meanwhile , Micron tumbled nearly six percent , leading a selloff in memory chips .
• 2:07
  It was a tale of two retailers today as well .
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  Target shares jumped over four percent after they used tariff refunds to lower prices for customers , while Walmart shares dropped over nine percent after a rare miss on their sales numbers .
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  So , what should we be doing with our portfolios ?
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  First , it might be time to look abroad .
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  U.S.
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  stock prices are looking a bit stretched , so consider something like the Vanguard Total International Stock ETF , ticker VXUS .
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  It gives you exposure to international leaders like ASML at a much better price than many U.S.
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  tech giants right now .
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  Second , for the brave souls out there , this semiconductor dip could be an opportunity .
• 2:50
  If Nvidia hits a home run with their earnings on Wednesday , the iShares Semiconductor ETF , or SOXX , could bounce back fast .
• 2:59
  It is a highrisk play , but the AI demand is still very real .
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  Third , don't forget your umbrella for this rainy market weather .
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  I like SPDR Gold Shares , ticker GLD , as a hedge .
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  With the national debt rising and global tensions high , gold is acting as a great safety net .
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  Finally , if you are looking for steady income while we wait for the Fed , check out the iShares Core U.S.
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  Aggregate Bond ETF , known as AGG .
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  It is offering a reliable four percent yield without the wild swings of longterm bonds .
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  That is all for this update !
• 3:35
  Thanks for hanging out with me on Spy Trader .
• 3:38
  I am Barnaby Bullish , reminding you to stay calm and keep an eye on the charts .
• 3:43
  See you next time !