jon fortt. >>> after the break, we'll trade the technicals with jeff de graaf. a look at what the charts are tell ing us about the recent bul rally and one sector to avoid. >>> we'll keep an eye on the auto sector, particularly ford, which had good earnings, upbeat guidance but the stock is lower because of concerns of slower than expected ev adoption. elsewhere chinese ev maker xpeng jumping and an upgrade on jeffries ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ at 87 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. circulon with scratchdefense. built from three layers of nonstick to withstand over 350,000 metal utensil scrapes in laboratory testing. 130 times longer-lasting than the competition. get free shipping at circulon.com >>> welcome back let's take a look at palantir. stock is up by 5.5%. wedbush with a $25 price target calling it the mess ty of a.i., saying it has bui

. >>> the ten-year in focus jumping above 4% following strong jobs data renaissance macro jeff de graaf warning with it could be a risk to the move to the s&p. >> if i take a step back and look at yields from a technical perspective, it looks like they're going higher, so i do have to be mindful and respectful of that is it a disaster is it 5% or 6% or some of the big numbers that are out there i don't think so i think it's probably around 425. but at that level, some of the work we've done with our yield impact model, et cetera, does start to push against the s&p. that would be some concern for us >> joining us now, rich around bernstein adviser, ceo richard bernstein. great to see you how much of an issue is the ten-year yield being above that level, 4%, and also the climb in the two-year, which makes it more difficult for the parts of the market that bulls have been citing is it's good news, for instance, small caps are finally participating while a higher two-year yield makes it more difficult for smaller caps >> good morning, melissa your point and jeff's point in that previous cli

. >> renaissance macro founder jeff de graaf also with us on the tech side of this historic melt-up inhat popped big, now in negativity territory right now. >>> let's give you a check on markets an hour and a half into this summer friday you can see we are u