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Beyond Seven Thousand Eight Hundred: Navigating a Historic Week · The SPY Trader

• 0:00
  Welcome back to Spy Trader , your goto companion for navigating these wild financial waters .
• 0:06
  I am your host , Barnaby Bullmarket , and I am so glad you could join me .
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  It is 2:30 pm on Friday , October 9th , 2026 , here on the Pacific Coast .
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  We are just about wrapping up what has been a truly historic , recordbreaking week on Wall Street .
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  Despite some of the global headlines feeling a bit heavy lately , the market is showing some serious muscle .
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  Let us jump right into the numbers .
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  The S&P 500 , which we track through the SPY , climbed zero point six percent today to close at seven thousand eight hundred and eleven .
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  That is a massive milestone , folks , holding steady above that seven thousand eight hundred level .
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  The Nasdaq , or the QQQ , mirrored that gain , finishing at twentyseven thousand three hundred and sixtysix , thanks to our friends in the AI and chipmaking world .
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  Even the Dow Jones Industrial Average joined the party , jumping four hundred and twentythree points as bluechip stocks finally started to catch up with the tech giants .
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  It has not all been smooth sailing , though .
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  We are looking at a world where Brent crude oil is sitting near one hundred and four dollars a barrel due to the ongoing instability and the war with Iran .
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  We are also seeing interest rates at heights we have not touched in decades .
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  The Federal Reserve nudged the funds rate up to a range of three point seven five to four percent just last month , and they are signaling another hike might be coming before the year ends to keep inflation in check .
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  Plus , the tenyear Treasury yield is hovering around five point two four percent , the highest we have seen since 2002 .
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  Now , why does that matter ?
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  Well , when bond yields are that high , it makes borrowing more expensive for companies and can pull money away from the stock market .
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  However , even with those headwinds and a pretty disappointing jobs report only twentynine thousand jobs were added in September compared to the ninety thousand expected the market is staying resilient .
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  Let us talk about some of the big winners today .
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  If you were holding Humana , ticker HUM , you are probably smiling right now .
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  They rallied eleven point seven percent today after getting some great quality ratings for their Medicare Advantage plans .
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  That really gave the healthcare sector , or XLV , a nice boost .
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  We also saw some fascinating moves in the utility space with PG and E , ticker PCG , rising three point six percent ahead of their earnings call .
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  And how about those cell tower stocks ?
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  News of a SpaceX purchase involving cell tower tech sent Crown Castle , ticker CCI , soaring over fifteen percent , and American Tower , ticker AMT , up over nine percent .
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  Over in tech , Micron continues to impress with blowout revenue growth , and Alphabet is seeing huge traction with its Gemini AI models .
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  Even Nvidia , despite a tiny zero point three percent dip today , is making moves by investing in a rival called dMatrix to keep their AI footprint growing .
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  So , what is the game plan for your portfolio ?
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  First , I am recommending we stay overweight in highquality growth , specifically AI infrastructure .
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  The boom is real , and it is showing up in the earnings reports .
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  Think about ETFs like the Invesco QQQ Trust or the Technology Select Sector SPDR , known as XLK .
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  These funds give you exposure to the physical backbone of the AI transition through companies like Micron and Nvidia .
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  Second , let us look at increasing our defensive exposure .
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  As this bull market gets a little older and we see that flagging momentum in the jobs market , healthcare provides a great cushion .
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  I like the Health Care Select Sector SPDR Fund , or XLV .
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  Companies like Humana and UnitedHealth Group are wellpositioned here .
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  Finally , do not ignore those high bond yields .
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  With the tenyear yield at a twentyfouryear high , fixed income is finally a real competitor to stocks .
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  I recommend looking at a broad bond fund like the iShares Core U.S.
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  Aggregate Bond ETF , or AGG .
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  This lets you lock in these historically high yields without the extreme roller coaster rides of the longterm treasury market .
• 4:28
  That is all for this update of Spy Trader .
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  Keep your eyes on the charts and your feet on the ground .
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  I will check back in with you in a few hours .
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  few hours .