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Single best on on the Jobs Day tomorrow will have a complete coverage of course, go beneath the headline data at eight thirty and critically for this job's day. Victoria Clark at Veronica Clark excuse me, City Group adamant. We're going to see more than the normal revisions. This is not a normal jobs Day tomorrow, and we'll really dive into that tomorrow with good conversation. Today was really something.
The news flow was all over the place. We were going back and forth, and you know, Ethan brown a from Gaza was just absolutely phenomenal. We thank him first time. He's got a really important story out on the actual Gaza this morning that I'll try to get out on Twitter and a linked in. Amy who Silverman was on with RBC Capital Markets. Her lead note on the quantitative state of the market is the dispersion of the market is substantial. The distance from winners and losers is ever wider.
Here is Amy Woo Silverman of RBC Capital Markets.
When you have these high dispersion environments, it really really matters what you what you do do. And you know my favorite stat about this is you could have the same level of vix Tom, you could have the same level s and P draw down. But in a high dispersion environment, if you made the right stock pick versus the wrong stock pick, you know that outperformance differential could really be huge. It really matters if you're in the
right sector. Is it really matters if you're in the right stocks versus a high correlation environment where it's all macro, We're all riding one wave.
Amy Woo Silverman an extended conversation. They look for that out on Bloomberg Digital and of course on our podcasts as well. Typically out on YouTube and YouTube podcasts. David Rosenberg was on again, an extended conversation that could have been four hours long. Near the end of the conversation, we talked about the Canadian election. He said it is less like a French fragmentation and much more like Republicans
and Democrats except their conservatives and liberals. And he was really quite brilliant on the tension in Canada and then the overlay of tariffs. He and I talked about the Saint Lawrence seaway in our childhoods of a different time of New York State and Ontario up at Gananaqua Here is David Rosenberg of Rosenberg Research on the silence of a hockey arena.
I wouldn't say it's gone, but you know, it's been impaired at least for now. I really I don't like the fact that you know, we're booing, you know, national anthems. I mean, this is more about you know, half the US population voted against Trump, Like, what are you booing against? It's it's really about the president. So be the president. But the reality is that you know, politics will compulx
will go. I wouldn't, you know, okay, extrapolate this into the future, but right now, right right now, I gotta say Canadians, generally speaking, and of course I live in Toronto, they're feeling really hurt by what's happened. And the thing is that I don't think the tariffs are going through, but the die has been cast and the damage is done by the way tom not just here but in the US too, because of the uncertainty that's being implemented into not just the financial markets, but in the economy.
I think you're going to find the one thing that's going to be shelved in both can United States because just because of the specter and the threat of the tariff. There's going to be shelving capital spending plans.
David Rosenberg of Toronto, Canada, and your commute across Canada, you commute across America, look to Apple car Play, Android Auto and Serious XM Channel one. Good Morning, ninety nine one FM in Washington. I promise Washington will have a quiet day somewhere out there. I'm not sure when it's going to be up to ninety two nine FM in Boston Good Morning as well. We're on YouTube and YouTube podcasts. It's single best idea